Friday, December 28, 2007

Hooked on Gold Gazette Dec. 28, 2007.


HOOKED ON GOLD GAZETTE
· Gold Spot Closing Price for Friday: $838.80
· Spot price Dec. 21: $811.70
_____________________________________________________
Calendar of Events
December
12th GPOC Christmas Party 7:00 p.m. Bring unwrapped gifts for children for the Marines toy drive
19th GPR Members Christmas Party
24th CHRISTMAS EVE
25th CHRISTMAS DAY
31st New Year's Eve
JANUARY 2008
1st New Years Day
9th GPOC Meeting 7:00 p.m. Colo. Springs
_______________________________________________________
NEWS
Christmas is over and we are all back on track with our lives. The gold market is up, our buckets of black sand have been gone through, and we are looking to get equipment repairs under way. Our Christmas was white with 8 inches of snow falling at the house and a very frosty day enjoyed by all, with too much of everything. No better way to spend he day but with loved ones and friends. Hope all of you had as great a day as we did!
I am a bit late today as we had another 8 inches of snow yesterday which delayed our after Christmas shopping a day. We had to have a gold ring set with a garnet and sized for our daughter-in-law, along with spending that Christmas money that always burns a hole in your pocket. The grandsons had money to spend, too, so we hit the game stores and the mall. The snow is melting very fast here today, and Arvada hit around 41 degrees on our thermometer. We’ll wait for the news to see what the “official” temps were.
To continue last weeks review of the article in the December issue of ICMJ, it also mentioned the “seam” mining in California which produced a great deal of gold with hydraulic mining. These “seam diggings” were largely schist. They don’t always produce large numbers of nuggets, but they weather easily, and are not always easily identified on the surface.
Another interesting discussion is the order of geothermal mineralization events. The first is often quartz and lesser minerals, with later deposits being richer is minerals and less quartz. The last deposits contain the most concentration of heavier minerals, including gold, which would produce the nuggets. Of course, this explanation is a generalization, as there are always exceptions to the rules.
In world news, you would have to have had your head in the sand not to have heard of the assassination of Benazir Bhutto in Pakastan. This event is significant in the stabilization of the world and immediately pushed gold prices much higher, and sent the stock market lower. This is closer to the historic way that gold and the stock market have acted, going in opposite directions, rather than together as they have acted in the past few years. ______________________________________
If you find a broken link, please let us know
THE ARKANSAS RIVER is now closed TO MOTORIZED EQUIPMENT FOR THE WINTER UNTIL APRIL 1, 2008.
_________________________________________
Until Next week.
Good Prospecting to You,
Larry and Shirley Weilnau
http://www.hookedongold.com/
http://www.thevideosense.com/user/MQS/ Prospecting Videos
http://www.hookedongold2.com/ Looking for metal detectors on e-Bay? Click here
info@hookedongold.com contact us
Post a Comment