Thursday, August 16, 2007

Gold is Down



ARASTRA near Alma, Colorado




Gold is taking a nose dive this morning along with the stock market. I haven't watched silver for a while, but I see it is also down at around $11.27, while gold is bouncing around $645. Everyone is saying the "Fed" should have given interest rates a nudge downward on the last meeting, and that stocks are reacting to the "misstep". I am sure gold prospecting, dredging, panning, and highbanking are going on somewhere while I am at home doing laundry and cleaning house. Believe me, I would rather have a #2 shovel in my hand than a vacuum cleaner! Climbing mountains looking for gold and gemstones is much more interesting that climbing stairs and putting away clothes and sheets. Painting is up there with mountain climbing, but only when I can't get away. We are looking forward to Labor Day week when we have our last big week of prospecting for this year, and must, once again, be content with weekend excursions to nearby places. GPOC has an outing planned for the weekend of Aug. 25th at Prospector #3. Don't know if we will make that as our last week will begin the next weekend and diesel and gas probably should be saved for that. You never know, though. We might decide at the last minute to skeedaddle. GPR has a demo this weekend at the Golden History Museum during the Arts Festival. Lots still going on, but I need a nap! LOL! Have fun out there finding gold.
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