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The Pay Streak: Redefined With Metal Detectors
August 2008 by Jim Straight
The time-honored objective in recovering gold from placers has always been to discover and recover gold from the detritus of both known and unknown lodes. The traditional method to recover gold from desert dry placers was to locate and work the enriched gravels known as the “pay streak.” This pay streak was usually found directly over false or true bedrock and within the upper few inches of the bedrock itself.Mining Stock Quotes and Mineral & Metal Prices
Melman on Gold & Silver
During the past month, we have witnessed an orgy of buying on many of the world’s markets with Japan soaring by over 1,000 points (see Nikkei chart), Germany and France rallying strongly and here in America, the NASDAQ Index has risen to over 1,700 (see chart). However, when we look at the economic fundamentals, it appears to be a case of, as Sir Winston Churchill might have put it, “Never have so many become so excited about so little.”
Melman on Gold & Silver
Having learned to proceed with some skepticism regarding the public’s interpretation of events, we offer the following forecasts for the coming year...
Company Notes
• Vista Gold Corp.
• Wolfden Resources Inc.
• NovaGold Resources
• Globex Mining Enterprises
• Canyon Resource Corp.
Melman on Gold & Silver
Well, will wonders never cease!? It appears that Fed Chairman Alan Greenspan actually smiled when giving his most recent testimony to Congress. Actually, he was so upbeat that he carried the whole stock market with him—as well as others around the world. In fact, if there was one over-riding characteristic of the past month, it was the return of optimism over the economic future.
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