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By Gregory M. Rumbaugh, Todd R. Kostecki, Christopher Mark

From 2015 to 2021, five massive pillar collapses occurred at four underground stone mines in the eastern USA. These events resulted in powerful airblasts that damaged mine infrastructure and mobile equipment, seriously injured miners, and disrupted underground travelways. Each of these pillar collapses propagated through the overlying strata, causing a subsidence sinkhole on the surface. Pillar collapses are particularly hazardous for miners because they can occur with little warning and can affect miners that are far from the pillar collapse area. The following case studies show that certain factors may increase the likelihood of a pillar collapse. For instance, each of the 5 events involved at least 12 benched pillars with width-to-height ratios (w/h) of 0.8 or less. This study elaborates on these factors and proposes a framework to assist mine operators where they identify similar hazards.

Jul 24, 2023

By N. Del Bel Belluz

Drilling underground in the Grasberg De-watering drifts has routinely hit water aquifers with high flow rates and pressures. Two types of holes are utilized; pilot-holes to probe ahead of the tunnel development to intersect aquifers ahead of the face; and de-watering holes to de-water rock formations that will drain water from the Grasberg pit and allow tunnel development to proceed safely. Recently, rates of 1050 psi static pressure have been recorded with flows from a NQ hole measured at 1350 gpm (US). The water flows can be slightly acidic, necessitating the use of stainless steel collar gear to resist corrosion. These rates were anticipated and contingencies were planned early to deal with these conditions. The collar gear is used to control water flows whereby the water is treated as an important resource. As a result, pm has established procedures to maintain safety of the drill crews, enable coring of the rock and to maintain safety of the miners who are driving the drifts.

Jan 1, 1998

By M. E. Rossi, J. A. Bassan, J. B. Novillo

Sampling and geological models are the basis of recoverable resources models. They are pillars of mineral resources and reserves estimation, and what geostatistical methods for grade estimation should rely upon. The resource model is best estimated if geostatistical methods make good use of sound geologic models. Data collection from the original drill holes, including field procedures and the quality assurance and quality control (QA/QC) of those samples are pillar one of a resource model. The second pillar of the model is the good use of the logged geological information, resulting robust geological interpretations, and the corresponding three-dimensional models of those interpretations. These models are partly subjective and mostly conditioned by the quality of logging and the geologist’s experience. They are also conditioned by the quality of the three-dimensional models built, regardless of the modeling method employed, traditional or implicit. Grade estimation is more commonly done by applying some geostatistical method and using the two basic sources of information, data and geologic model. Multiple stages are involved in this process, and in all of them there are uncertainties and risks that have to be dealt with. Knowledge, understanding, interpretation, and management of the model’s fundamentals are critical, given that they directly affect its accuracy and predictive quality. The mitigation of related risks allows for the creation of opportunities, generating value and reducing the project’s uncertainty. This paper discusses some of the key variables, uncertainties, and risks involved in the resource modeling process, illustrating with specific examples; discusses possible risk mitigation alternatives, and proposes best practices to avoid or mitigate those uncertainties. Emphasis is placed on taking advantage of technological advances without ignoring fundamentals. INTRODUCTION In the area of mineral resource estimation, one alarming trend that these authors have observed in the past 20 years or so is that the care and diligence in checking the work as it progresses has generally diminished. This is, perhaps, an unintended consequence of the availability of new technologies and tools that attempt simplify and speed up the work involved. This has led to a more casual attitude towards checks and balances that have to be in place at any given stage of the process before proceeding to subsequent stages, as best practices dictate. To some extent, some of these aspects are covered in international standards for resource estimates reporting (JORC, 2012; CIM, 2010). But these are broad, and do not specifically recommend best practices to a level of detail that would have an impact on certain aspects of the process. There are numerous references in the geology and mining journals and conferences that discuss the consequences of poor recoverable resource models (Baker and Giacomo, 1998; Vaughan, 1997).

Jan 1, 2019

By I. E. Perera

Experiments were conducted to evaluate the response characteristics of commercially available gas, smoke, and flame sensors to fires of common combustible mine materials. The experiments were conducted in the large-scale Fire gallery located at the National Institute for Occupational Safety and Health (NIOSH) Lake Lynn Laboratory (LLL) in Fairchance, PA, using Ponderosa Pine, Red Oak, Douglas-fir, high and low volatile coals, PVC and SBR conveyor belt, No. 2 diesel fuel, and diesel exhaust. All the experiments (except those using No. 2 diesel fuel and the diesel exhaust tests) were conducted in a similar manner, with combustible materials heated rapidly by electrical strip heaters producing smoldering fires that quickly transitioned into flaming fires. The sensors included a diffusion-type carbon monoxide (CO) sensor, photoelectric- and ionization-type smoke sensors, a video smoke/flame detector, and an optical flame detector. Simultaneous measurements were obtained for average gas concentrations, smoke mass concentrations, and smoke optical densities in order to quantify the levels of combustion products at the alert and alarm times of the sensors. Because the required sensor alarm levels are 10 ppm and 0.044 m-1 optical density for CO and smoke sensors, respectively, the different sensor alarms are compared to the time at which the CO and smoke reached these alarm levels (1). In addition, the potential impact of using smoke sensors that have met the performance standards from accredited testing laboratories is also evaluated using the response of an Underwriters? Laboratory (UL)-approved combination photoelectric/ionization smoke detector. The results are discussed relative to fire sensor needs that can have a positive impact on mine fire safety.

Jan 1, 2012

By D. Kumar, R. J. Sweigard, J. Silva

The Forestry Reclamation Approach (FRA) recommends that the upper 1.22 m (4 ft) of spoil material on reclaimed surfaces should be left as uncompacted as possible to facilitate efficient tree root growth. However, the main concerns about applying the FRA to steep slopes is that the upper 1.22 m (4 ft) of loose spoil material could cause instability. Successful application of the FRA on the flat and rolling surfaces precipitated this investigation. Details of a field investigation conducted at a steep-slope mine site are available in an earlier publication (Kumar and Sweigard, 2011). A total of 70 survey monuments were driven into the slope in a regular pattern to monitor any type of slope movement. Quarterly surveying of the monuments were done to quantify slope movement, either horizontally or vertically. The methodology developed in this research for field slope movement monitoring was validated using computer model results. Analytical models based on the limit equilibrium method (LEM) and numerical models based on the finite element method (FEM) were developed for slope stability analysis. The LEM analysis was done using the Geo-Slope/W program following the simplified Bishop method. However, numerical models were developed using the PLAXIS computer program following the Mohr’s Coulomb failure criterion and strength reduction technique. The slope stability analysis was performed for two different scenarios: first with the top 1.22 m (4 ft) of loose graded spoil material and second without top loose graded spoil material. Finally, the field investigation results were compared with stability analysis results. Both of these approaches showed that application of the FRA on steep slopes is not causing any significant instability problems, due to 1.22 m (4 ft) loose graded spoil that would not exist otherwise for overly steepened slopes.

Jan 1, 2013

By N. Damiano, C. Zhou, R. Jacksha, J. Srednicki

Modern electronic devices and systems used to enhance miner safety and health are becoming commonplace in underground coal mines. The ability for these devices and systems to function properly in the presence of electromagnetic emissions from other electronic and electrical devices and systems is not entirely understood. To investigate potential electromagnetic compatibility issues of critical mine electronic devices and systems, researchers from the National Institute for Occupational Safety and Health (NIOSH) are conducting surveys of electromagnetic emissions in underground coal mines. This paper presents the measurement system, methods, and results of electric field electromagnetic emission surveys conducted in three underground coal mine environments in the frequency range of 10 kHz to 1000 MHz. The survey data show that in some environments electric field electromagnetic emissions in underground coal mines approached or slightly exceeded limits as defined by other industrial sectors.

Mar 2, 2022

By D. H. Dvorak

Two pilot-scale biological reactor systems were installed to treat metal-contaminated water. The reactors consisted of barrels and tanks filled with spent mushroom compost, within which bacterial sulfate reduction became established. Concentrations of Fe, Zn, Mn, Ni, and Cd were lowered by over 95% as these metals were precipitated as insoluble sulfides by reaction with bacterially generated H2S. The chemistry of the reactor systems is examined, and opportunities for maximizing their metal-retaining and alkalinity-generating potentials are discussed.

Jan 1, 1991

By John R. Riede

The use of radioactive gages in beneficiation plants is relatively new However, enough applications have been made so that it is now possible to positively state that these gages have definitely progressed from a laboratory device to a very rugged and reliable on stream process measuring instrument. Gamma Ray Gages of the type presently being used in the beneficiation industry consist of three basic components: (1) A source of radiation (2) A radiation detector (3) An electronic amplifier The source is usually a radioisotope such as cesium-137, or cobalt-60. This source, adequately protected and ruggedly mounted, is most commonly placed on one side of a pipe or vessel. The radiation detector is then mounted on the opposite side, Since the absorption of gamma radiation as it passes through various materials is a function of the density of the material, the change in radiation measured by the detector is proportional to the change in specific gravity of the product in the pipe or vessel. One popular type of detector in use today is a cell which converts radioactive energy directly into electrical energy1. This electrical energy, when amplified, presents a usable output for metering and control devices. There are, of course, many other components which are part of a working gamma gage installation, such as zero compensators, lead shielding, mounting brackets, equivalent absorbers, etc.

Jan 1, 1958

By L. J. Nicks

The current U.S. Bureau of Mines research program is addressing the recovery of flake graphite from kish, a steelmaking waste product, and the use of zeolites from abundant domestic natural deposits for efficiently cleaning up mining industry wastewater. The United States is almost totally dependent on imports for its graphite needs, but this may change depending upon the results from a pilot plant being constructed by industry using Bureau technology. Standard mineral processing techniques were applied by the Bureau to recover high-quality flake graphite from kish. It was considered innovative enough to receive an R&D 100 Award in 1992, and its commercialization has the potential to supply the total U.S. demands for graphite many times over. Zeolites have ion exchange properties similar to ion exchange resins, but are less expensive and available in large quantities. Samples of naturally occurring zeolites were tested for their efficiency in removing metal ions from synthetic and industrial waste solutions. The tests focused on defining their selecting, loading, eluting, and regenerating characteristics, and on developing a method for recovering the metal ions as added value products. The results showed that the removal of metal ions with zeolites from acid rock drainage (ARD) solutions is technically feasible and that this technique has the potential for being used in an integrated chemical treatment systems approach either as a primary or secondary cleaning step.

Jan 1, 1995

By William Gleason

"There are signs that the commodity downturn that has battered the mining industry for the past five years is beginning to ease up. As the dust begins to settle and mining companies begin to take stock of the battle, Newmont Mining Corp. will be one that is standing strong with just a few scrapes and bruises thanks in large part to the leadership of president and chief executive officer Gary Goldberg and his right hand man and chief operating officer, Chris Robison.As he closes in on retirement (for a second time) Robison, a third-generation miner from Nevada, took time to speak with Mining Engineering about a 33-year career in which, among other things, he is credited with not just helping Newmont survive the turbulent times but with steering the company to a safer, more productive and more profitable heading.“I think we did it better than anyone else,” Robison said when asked how the company fared during the past five years. “We didn’t talk about it a lot, we just put together a strategy and we delivered.”What Newmont, the world’s second-largest gold mining company by production, delivered since Robison took the position of chief operating officer in 2013 are improvements in costs, porduction, projects and safety.Operating under the mantra of “live within your means,” Robison was pulled out of retirement from Rio Tinto and into a challenging situation at Newmont. The price of gold was in a nose dive from a high of nearly $58/g ($1,800/oz) and heading to levels closer to $38.60/g ($1,200 oz).“Newmont is a big ship that can’t be turned, but has to be steered,” said Robison. “We recognized that we had to set a new course. The direction the ship was going was great for $1,600 to $1,800/oz gold but we were chasing ounces.”Like the rest of the gold mining sector before the falling gold prices, Newmont was focused on volume and was looking for gold wherever it could be found. The slogan at Newmont in 2011 was “7 million ounces a year by 2017.”When Robison came on board it was a different reality.“We had to begin focusing on value over volume as the cornerstone of Newmont going forward,” he said."

Aug 1, 2016

By F. S. Knoll

Electrostatic separation is one of the most misunderstood physical processes used to beneficiate minerals. Nonetheless, millions of tons of titanium ores, iron ores and other minerals are processed every year economically, efficiently and safely. Over the past ten years major advances in electrostatic separation and its application have occurred. New processes include dewatering clay slurries, separating halite and sylvite, and shape separation of vermiculite and gangue minerals. Electrostatic separation techniques are based on one of two methods, electrophoresis or dieleccrophoresis -- processes involving charged and uncharged particles respectively. In some cases, the combination of these two techniques has proven quite useful. The purpose of this paper is to provide a basic understanding of the physical processes collectively called "electro- static separation" in order to enhance one's ability to define and consider new possibilities in mineral processing and other fields.

Jan 1, 1984

By Erika Moonin, Jim Nickerson, Marcus Jensen

"This paper will explain how the Contractor and Owner avoided a contractual dispute involving characterization, impacts, and final remedy for challenging ground conditions encountered during drill and blast excavation of the starter tunnel required for launch of the tunnel boring machine (TBM). During excavation more than 600 feet underground, the Contractor encountered a large complex fault zone subject to more than 14 bar of water pressure. Successive ground inflows from the fault complex over a six-month period presented significant technical and partnership challenges for the team and ultimately delayed the project by nearly one year. This paper will discuss how the Contractor, Owner, and their respective consultants worked together to address these challenges, make decisions, and ultimately move the project to successful completion. PROJECT BACKGROUND AND NEED Seven states of the western United States of America rely heavily on the Colorado River and its tributaries for their water supply. The primary source of water for the Colorado River is winter snow that falls in the mountains ringing the Colorado River basin, including the Rocky Mountains, the Wind River Mountains, and the Uinta Mountains. Flows in the Colorado River vary significantly from year to year, depending on the amount of snow and rain deposited in the basin. During the 1980s and 1990s, snowfall was relatively abundant and Colorado River flows were high on average. Beginning in the year 2000 and continuing to the present day, snowfall has been well below documented historical averages and Colorado River flows have diminished. In fact, a trend toward diminishing flows is evident during the period of the historical record. This variability in Colorado River flows and the trend to lower flows is represented in the following Figure 1."

Jan 1, 2016

By R. W. Leonardson

Tectonic activity in northern New Mexico during late Oligocene and early Miocene time presaged events which led to the development of molybdenite deposits at Questa. East-northeast directed crustal extension produced north-northwest striking tensional fracture systems paralleling the early Rio Grande rift. A sequence of Oligocene andesite flows and breccias is overlain by a thick early Miocene rhyolite ash-flow tuff. Eruption of the tuff initiated collapse of the Questa cauldron: the south margin of which occurs as an east-northeast striking, north-dipping structurally weak zone. Continued east-northeast post-cauldron extension permitted the high level emplacement of granite stocks with coeval rotational deformation of fault blocks composed of cauldron fill and [ ] floor. The stocks occupy north-northwest fracture zones in the south margin of the cauldron, and porphyry dikes occupy east- northeast striking faults that define the south margin. These two fracture systems have played a dominant role in localizing the intrusive porphyries and associated mineral deposits at Questa. A molybdenite-bearing breccia matrix and related stockwork mineralization generally occur within volcanic rocks. Mineral deposits are spatially related to fault zones and the upper con- tact of their source intrusives. Deposits are localized in fault zones up to several thousand feet long and 100 to 500 feet in diameter. Magmatic-hydrothermal solutions from the source aplite porphyries have produced potash metasomatic alteration which is strongly centered on the mineral and ore zones. Alteration in ore is represented by orthoclase, quartz and secondary biotite. This pattern grades into secondary biotite and propylitic zones forming successively weaker alteration assemblages away from ore. Younger phyllic and argillic assemblages are particularly widespread only where strong north-northwest extensional fracture zones cross the south cauldron margin.

Jan 1, 2013

By J. D. Miller, C. L. Lin

"The use of 3D X-ray tomography analysis for plant-site characterization of coarse particles at a sampling rate of about 3 kg/min for particles ranging in size from 150 mm to 1 mm at a voxel resolution of about 150 µm is now possible. This is quite a significant advance in X-ray tomography technology and promises to be useful for plant-site coarse particle characterization—size, shape, composition, density, texture, grain exposure and mineral liberation—with a response time of minutes after receiving the sample. This paper discusses applications in the mineral industries, including the coal industry, aggregates industry, metal mining and the processing of industrial minerals.IntroductionPlant-site characterization of coarse particles at coal preparation plants, crushed stone/aggregate plants and mineral processing plants is needed to improve plant capacity, product quality and/or process efficiency. Not much online coarse particle characterization is being done at these plants. Only some limited information regarding particle size is obtained online from reflected light images using analyzers such as the OPSA, Split and WipFrag™ analyzers. Even the laboratory analysis of coarse particles has been difficult because of the large amount of sample required to ensure statistical significance of the results. During the past several decades, laboratory 3D characterization of particles from energy and mineral resources by X-ray tomography has been demonstrated and used to good advantage (Miller and Lin, 2004, 2009).Three-dimensional X-ray tomographic analysis has its origins in the medical services industry, where it is used to provide internal images of the human body. It has since been developed for nonmedical applications as well (Banholzer et al., 1987). Figure 1 shows a schematic diagram of the cone-beam geometry micro-CT system. In our case, X-rays from a microfocus X-ray generator are partially attenuated by the sample (a packed bed of particles) that is made to rotate in equal steps in a full circle about a single axis of the particle sample. At each rotational position, the surviving X-ray photons are detected by a planar two-dimensional array (image intensifier) large enough to contain the shadow of the specimen. These two-dimensional projection images are collected using conventional video technology. The video signal for each projection is then converted to a two-dimensional digital array by an image processing system. Finally, a threedimensional image is reconstructed from the collected set of projection images."

Jan 1, 2016

By Taehong Kim, Changsoo (Kevin) Moon, Anil Parikh

"This paper presents an overview and performance evaluation for a reconditioned decades aged open type hard rock TBM utilized for the twin running tunnel excavations of the Second Avenue Subway Project in Manhattan, New York. The TBM tunnel lengths are approximately 2,370 m (7,800 ft, east TBM Tunnel) and 2,190 m (7,200 ft, west TBM Tunnel) with a 6.7 m (22 ft) bored diameter. This “senior” TBM mined through metamorphic rocks consisting of schist, granofels, and pegmatite, and encountered various adverse geological structures, including some relatively heavy groundwater inflows. The ground support was generally pattern friction rock bolts, and steel sets were used in poor ground. This paper presents TBM characteristics and the subsequent performance, such as machine utilization, downtime, cutter consumption rate, net penetration rate, and daily advance rate. Machine operating parameters including thrust, torque, gripping force, and cutterhead RPM, are compared with various accompanying ground conditions. The performance changes between the adjacent tunnel sections are also presented. INTRODUCTION Project Overview The Metropolitan Transportation Authority Capital Construction (MTACC)’s Second Avenue Subway (SAS) Program consists of four (4) phases from 125th Street to Manhattan Battery Park along the 2nd Avenue (see Figure 1) in Manhattan New York. As a part of Phase 1, Contract 1 was awarded to S3 JV (Skanska/Schiavone/Shea) to build a TBM launch box and subsequent twin TBM tunnels from 92nd Street to 63rd Street under 2nd Avenue. Contract 1 was one of the key contracts in Phase 1 to pre-excavate through the footprint of the follow-on underground stations (72nd St. Station, 86th St. Station, and 96th St. Station) by hard rock TBM excavation. The project team included Client MTACC, S3 Tunnel Constructors, Designer, Aecom-Arup JV, and Consultant Construction Manager, Parsons Brinckerhoff. The major elements of Contract 1 included construction of TBM Launch Box supported by secant pile and slurry walls and mining of twin TBM tunnels with a combined tunnel length of approximately 4,560 m (15,000 ft). The dimension of the TBM launch box was approximately 247 m (810 ft) long from 92nd Street to 95th Street, 21 m (70 ft) to 24 m (80ft) wide along the 2nd Avenue, and 18 m (60 ft) to 21 m (70 ft) deep from the ground surface. The launch box was later used for the follow-on 96th Street Station."

Jan 1, 2016

By Andrew J. Petruska, Rik Banerjee

This study explores implementing a machine learningbased system to generate a 3D surface repre- sentation of the roof and support straps in the mine. Event cameras have been chosen for their performance in high-dynamic-range lighting conditions and for their low latency. To enable automated drilling and bolting, 3D vision using eventbased cameras has been developed. A ground-truth set is created using two, time-synced event cameras and a LiDAR camera. These sensors are used to construct a ground-truth dataset of corresponding event- camera images and surface maps from the LiDAR. The network is tested with stereopairs of event images and produces a depth image with ±5 mm RMS error on average across 1000 test images.

Feb 1, 2024

By A. Griffiths

The? use of hydrogen peroxide to detoxify gold mill waste waters containing cyanide and other toxic substances is already an established technology. Recent advances have extended the range of application of hydrogen peroxide treatment to include the removal of complex iron cyanides, the simultaneous removal of cyanide and toxic metals down to very low levels and treatment of barren bleeds, CIP' pulps and tailings pond discharges. Three treatment plants are described here. Each was installed at a gold mine in North America in 1987 and each illustrates a different application of hydrogen peroxide. The need for individual design of the detoxification plant to fit particular requirements is shown by the examples chosen.

Jan 1, 1988

By Michael Karmis

"In December 2011, the U.S. Attorney’s Office for the Southern District of West Virginia, the U.S. Department of Justice, Alpha Natural Resources (ANR) and Alpha Appalachia Holdings entered into a nonprosecution agreement related to the explosion at the Upper Big Branch Mine (UBB) that killed 29 miners. This coal operation was owned by Performance Coal Co., an affiliate of Massey Energy Co., which was acquired by ANR in June 2011, more than a year after the UBB explosion. Pursuant to the agreement, ANR agreed to:• Establish a trust within 120 days.• Pay a total of US$48 million into the trust to be used solely to fund and administer research and development (R&D) projects to improve mine health and safety.• Administer the trust by three highly qualified individuals with academic and/or professional backgrounds in mine health and safety.In April 2012, the Alpha Foundation for the Improvement of Mine Safety and Health was created. The three directors - Michael Karmis, president; David Wegman, vice presidenttreasurer, and Keith Heasley, vice presidentsecretary - approved a plan to expend both the interest and principal of the trust, aiming at an 8-10 year research horizon. The foundation also appointed David Belden, an experienced manager of nonprofits and professional associations, as the first executive director of the foundation. The IRS approved the foundation’s tax-exempt application, as described in Section 501c(3) of the Internal Revenue Code, on Dec. 18, 2012. The board established guiding principles of the foundation, which are as follows:• Mission: to improve mine health and safety through funding R&D projects to qualified academic institutions and other not-for-profit organizations.• Vision: to enable miners in the future to be free of work related injury or disease by the implementation of the results of the projects funded by the foundation and undertaken by the best researchers from any discipline that can contribute. The foundation is now approaching its third year and regularly posts updates, including semi-annual reports, to its website (www.http.alpha-foundation.org/), which serves as the main medium for communication with the broader stakeholder community"

Jan 1, 2014

By Chuang Sun, Feng Luo, Guo‑dong Li, Xue‑qing Li, Tuan He

The mining-induced failure of the coal seam floor is essential for water inrush. The mining disturbance to the floor, especially in the thick coal seam, is severe, and the water inrush risk is also higher than that in regular thick coal seam excavation. The superposition of many stresses, including in situ stress, mining-induced stress, and confined water pressure, must be considered in the prediction of the floor failure depth. This study adopted the elasticity analysis, FLAC3D numerical simulation, and on-site acoustic wave test comprehensively. The thick coal seam working face of the Zhong-Yu coal mine affected by confined water was selected as the engineering background to study the characteristics of the floor failure. Based on elastic foundation theory and the superposition principle, the mechanical model and the failure depth criterion of the floor were established, respectively. The distribution and evolution of mining-induced stress and the plastic zone in surrounding rock during the mining process are obtained by FLAC3D. In addition, the changes in the P-wave wave velocity in the floor before and after mining were compared and studied by the acoustic wave test method. The range of floor damage depth is determined on the basis of the above research.

Jun 8, 2022

By J. M. Christian

Silver has been a much maligned metal in recent years. In the last three and a half years the price has fallen from around US$7.00 -$7.80 to as low as $3.50 this spring. It has consistently under-performed most other precious metals in the past few years, and has fallen to its lowest levels since the late 1940s in inflation-adjusted terms. Perhaps this is beginning to change. Since April, silver prices have outperformed gold and platinum. While this may continue in the years ahead, key questions remain regarding the pace and timing of any future silver price advances. I want to talk about the supply and demand factors that have led silver to its recent position. Also, I will outline a possible path for silver supply, demand, and prices for the next several years. Before I dive into my discussion of the silver market, allow me to explain who I am. One of the points we always make to clients early in a relationship is that, when you are listening to someone's opinions, you always must remember who it is you are listening to, and why he might be saying whatever it is he wants you to hear. So often, people take opinions from brokers, traders, or investment advisors as gospel truth, never stopping to ask themselves two key questions: Is there any reason to believe that this person knows what he is talking about, and, second, is he trying to sell me something, in telling me this.

Jan 1, 1992