Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: smolejv@gmx.net who wrote (31420)	4/13/2003 5:02:40 AM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

DJ, <<Pt anchor>> I figure I could place same with friendly banker who then will issue me a certificate of ownership, which will be easier to gorge and print in quantity than fiat money, enabling me to print and dilute my very own currency in the most direct way, without open market operations, fractional reserve systems, or any other niceties. <<up>> … I am so up it is an embarrassment for my wife to have me tag along with her on outings. She is wondering what is keeping me so up during this time of gloom, remembering that I was very gloomy nearing the end of the previous boom. Chugs, Jay

To: smolejv@gmx.net who wrote (31420)	4/13/2003 5:04:42 AM
From: TobagoJack	Read Replies (1) \| Respond to of 74559

DJ, This is more troubling if constituting the beginnings of a trend ... though, I suppose, if so, then annual new supply will be off by more, hurting US gold shares, helping non-US mining shares and physical. azcentral.com Calif.'s tough new rules may spell end of gold mining Associated Press Apr. 11, 2003 08:13 AM SACRAMENTO, Calif. - The Gold Rush state adopted the nation's toughest restrictions on open-pit metallic mining Thursday. The industry said the new restrictions will virtually eliminate large-scale gold mines in California. The regulations approved by the California State Mining and Geology Board require mining companies to refill new open-pit metal mines when they're depleted and flatten mine waste piles back to nearly the natural landscape - mandates miners say are too expensive. Now large commercial operators will look to other states to mine gold and other precious metals, said California Mining Association Manager Adam Harper. "The mining of the state mineral has pretty much been made impossible by this regulation today," Harper said. Board members said the new regulations essentially implement the intent of a law on the books since 1975 that said pit mines should be restored to beneficial use. Local governments have often defined depleted mines as open space, landfills, recreational lakes or water recharge basins rather than requiring they be restored. But the steep walls make many mines useless for recreation, the board said. And environmental groups say cyanide used to leach precious metals from lower grade ore can turn the pits into toxic lakes. Several high-profile mines stand to lose, including one near a sacred Indian site. Courtney Ann Coyle, an attorney for the Quechan Indian Tribe, applauded the regulations. The tribe has waged an eight-year battle against Glamis Gold Ltd.'s proposal to mine federal land near the tribe's Fort Yuma Reservation. Glamis, meanwhile, is considering a legal challenge to the new regulations. It also could seek state reimbursement for the lost value of its property, Glamis Senior Vice President Charles Jeannes said. Chugs, Jay