Hooked on Gold Gazette Jan 25th

Summer time fun. Don't know about you, but I'm tired of being COLD!!!

HOOKED ON GOLD GAZETTE

· Gold Spot Closing Price for Friday: $910.50
· Spot price Jan. 18th: $880.50
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Calendar of Events

JANUARY 2008
1st New Years Day
9th GPOC Meeting 7:00 p.m. Colo. Springs

FEBRUARY
TUCSON GEM, MINERAL, and FOSSIL SHOW – Tucson, Az.
13th GPOC Meeting 7:00 p.m. Colo. Springs
22nd – 24th Gem and Mineral Show Jefferson County Fairgrounds, Colo.
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NEWS

BREAKING NEWS! Closure of three large mines today in South Africa have placed the supply of platinum and gold in jeopardy. The local utility/power supplier informed Anglo Platinum, Anglogold Ashanti, and Harmony gold mines that they would be unable to guarantee continued power supplies to them due to power shortages and worker strikes. Gold reached a high in overnight markets of $924.70 on the news.

The cost of making a penney has neared it not surpassed 2 cents. How much longer do ou think we will be carrying the coin in their present state? Aren’t we ALL picking up penney’s we find on the ground?

Ever wonder what the gold market has been doing by percentage gain each year since 2000? Well I found a chart that tells you just that. Don’t know for sure what gold will do in the future, but the past has been remarkable.

2001 33.10%
2002 20.10%
2003 54.40%
2004 8.36%
2005 40.00%
2006 20.60%
2007 31.10%

This shows an average gain of 27.27%, and will boost gold to $1061.00 per ounce by years end, if it only reaches the AVERAGE, and there are many factors working now to push it past the average.

This year, China began trading in gold futures contracts for the first time ever. The Chinese have an opportunity to buy futures contracts on gold at just 7% of the contract, making it very easy for the average person to purchase the smaller 1,000 gram contracts. The impact of these traders along with world wide traders, could have a substantial impact. As China becomes the world’s largest producer of gold, soon, according to a prediction by the China Gold Association, it could also become the worlds second heaviest buying country as well.

COLORADO is experiencing a surge in mining claim applications. “GOLD?” you ask? NOPE. Oil and uranium. The state has some of the lowest fees in the Rocky Mountain area, and the State is contemplating how much to raise them. Mining companies are complaining, but if you look at Wyoming and Utah, we are charging almost half what other states are getting. I guess you could say, I’m more in favor of the State getting more in fees than to have my income or property taxes raised. Then there is that proposed gasoline tax of 13 cents. I can’t say that the fee hike is necessarily bad for mining as they are already paying higher fees in neighboring states. Heck, if they’re lucky they can spend the fee money in court paying lawyers to fight the environmentalists and locals who don’t want mining and then take their high paying mining jobs and mine somewhere else. THAT would be great for the environment, AND the economy.

The Tucson show is coming up in February. You could be there anywhere from the first of February til around the 17th and see a lot. While much of the show is for wholesale, there is much to see for the average guy. The downtown convention center has something going on each long weekend, and there are other things al over town at many motels, and can be accessed by and “prospector”. I can promise you that if you have never been, you will be on overload by the time you leave. Plan to park your car and use the shuttles.

So, how are you planning on spending your Federal “rebate” check? That is, assuming it can pass both the houses without too many changes, (HA! Can you spell P*O*R*K?) AND you get it before the elections.

Oh! Oh! In the proposed changes to the mining laws that were talked about last summer, how did you like the one about how the water quality coming out of a mine 10 years after it was shut had to be guaranteed to be “clean”? I didn’t see any mention of any consideration of the water quality BEFORE the mine was opened.

The new template is almost finished and it should be in place in March. What with the Tucson Show coming up, there won’t be much time to switch it before we leave, so it will have to wait until we get back. It will take some time to get everything as it should be before it goes “public”. It looks great and just needs a few more tweeks to be ready to start using. Did you find gold this week?
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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.
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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

Hooked on Gold Gazette Jan. 18, 2008.

Sources of gold are numerous......many right under your feet!

HOOKED ON GOLD GAZETTE

• Gold Spot Closing Price for Friday: $880.50

• Spot price Jan. 11th: $894.90

After touching $915 earlier this week, gold slipped back into the $874 range and has settled for the weekend at the above price.

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Calendar of Events

JANUARY 2008

• 1st New Years Day

• 9th GPOC Meeting 7:00 p.m. Colo. Springs

FEBRUARY

• TUCSON GEM, MINERAL, and FOSSIL SHOW – Tucson, Az.

• 13th GPOC Meeting 7:00 p.m. Colo. Springs

• 22nd – 24th Gem and Mineral Show Jefferson County Fairgrounds, Colo.

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NEWS

Now, the discussion on how gold nuggets can be placed in rock other than quartz has been interesting, but now you are wondering how you can put this knowledge into practice to find your own gold in the field. Placer deposits, as any placer miner can tell you, can hold gold from several sources, and looking at the pieces you recover will tell you how many sources you have. Color of the gold will be the most obvious indication, and, when seen under magnification, the
actual size, depth, and courseness will be another. Follow these upstream until one disappears from the samples and you will be nearer to one of the sources.

What do you look for if you are not sure if the gold comes from a quartz source or one of schist or shales? Look for both in a general location. Even gold that is deposited in schist or shale will have quartz near it, although the quartz may be barren of gold. Of the two, quartz is easier to spot simply because of it's white color. Look for reddish and reddish brown schists and shales near the quartz, especially if the quartz is barren of gold and there are indications of iron in the quartz or nearby. Quartz often weathers out of rock faster, and can leave a large scree field.

A metal detector sweep of the area will give you an indication of whether there is larger gold present, and a sampling of the area with a shovel and bucket can tell you if there is smaller gold in the area. Process the dry samples at a water source. The detector will also be able to locate deposits that are left from wetter periods in the past in cracks and crevices, and in ravines.

Keep looking, and testing, and sampling and detecting, and you will find gold, possibly in the place you least expect.

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
www.hookedongold.com/
www.thevideosense.com/user/MQS Prospecting Videos
www.hookedongold2.com/ Looking for metal detectors on e-Bay? Click here
info@hookedongold.com contact us

Hooked on Gold to get a new look

How do you like this picture for the new template header?



HOORAH! My new HOOKED On GOLD template is on it's way to being a reality! I have finally made connections with an expert who can give me a template that will do what I need it to and it will be similar to the one you see now! So, none of you will suffer too much shock when it gets changed. The header will be slightly different, but the look and feel should be the same with the width finally under control.

In GOLD news, we have gold dropping today to near that magic $50.00 point below it's high last week. The stock market is taking a beating this week so it should be interesting to see if gold finally decides to take a turn in the opposite direction of the markets, or continue to follow them down. I haven't heard of any selling off of gold by major banks recently, but with the price so high, I'm sure someone somewhere is taking profits.

Tomorrow's newsletter will continue with the discussion on how gold is put into rock under geothermal conditions.

Gold above $900

Your Specimen Gold Is UP!

Good monday morning to all of you. Gold is rising again today after touching $914 and then sliding back and climbing back up to $908 at 9:00 this morning. Of course it can correct itself back $50 to $100, but right now it is at around $30 a gram.

I have been told that specimen gold does not fluctuate very much based on the day to day spot prices, but when the price increases by around 50% in a year, well, your specimen gold just went up 50% as well. So, those people who bought their specimens at the Tucson show last year that no one even saw but the bidders, made on heck of a deal. It is hard to find 50% gains even in the stock market.

I have been discussing the information I found on the geothermal theories on gold nuggets with a geologist friend of mine, and he found the information very interesting. More on that this Friday as I continue this discussion in the newlsetter, so check back for another round in this discussion. If you have any thoughts, let me know. We may all start looking for nuggets in another area we hadn't thought about before.

Hooked on Gold Gazette, Jan. 11, 2008

Left From Gold Days Gone By

HOOKED ON GOLD GAZETTE

· Gold Spot Closing Price for Friday: $894.90
· Spot price Jan. 4th: $863.00
________________________

Calendar of Events

JANUARY 2008
1st New Years Day
9th GPOC Meeting 7:00 p.m. Colo. Springs

FEBRUARY
TUCSON GEM, MINERAL, and FOSSIL SHOW – Tucson, Az.
13th GPOC Meeting 7:00 p.m. Colo. Springs
22nd – 24th Gem and Mineral Show Jefferson County Fairgrounds, Colo.
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NEWS

WOW! Are you watching gold skyrocket this week? Man, I don't think I would be selling any gold right now until it settles down and I can get a great price for it. I am wondering what the price will be at the Tucson show in Feb.

As promised, I am continuing the discussion of how gold is formed outside quartz. There is and has been among old prospectors, the ongoing belief that not all gold is associated with quartz, and there are many examples throughout the U.S. gold strikes that support the theory that gold can also be depostied in the fissures and breaks in rock such as slate and certain schists. This especially true if the rock has a brownish red to red color to it.

Red clay or dirt is an indication of mineralization and a high concentration of iron. While hot, gold will show a affinity to iron, but when sulphur is introduced, the iron will let go of the gold and attach itself to the sulphur where it precipitates out creating iron pyrite. This leaves the gold in the solution to find it's own place to settle, and that can be in rock that has a space for it to crystallize in. Sometimes that is around quatz crystals, and sometimes in and around other rocks with spaces.

There are many examples of this type of evidence in California, Alaska, Nevada, and even Colorado. I am sure you all have heard of Farncom Hill in the Breckenridge district. I have found small pieces of wire gold when going through the slate there with a small backpack type highbanker on a claim we had permission to be on many years ago. I have since wondered about the other slate type of rock I often see in other mining districts. From now on, I WILL be taking samples to test this theory out while I am out finding gold.
______________________________________
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

Hooked on Gold Gazette Jan. 4, 2008

HOOKED ON GOLD GAZETTE
· Gold Spot Closing Price for Friday: $863.00
· Spot price Dec. 29th: $838.80
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Calendar of Events
JANUARY 2008
1st New Years Day
9th GPOC Meeting 7:00 p.m. Colo. Springs
FEBRUARY
TUCSON GEM, MINERAL, and FOSSIL SHOW – Tucson, Az.
13th GPOC Meeting 7:00 p.m. Colo. Springs
22nd – 24th Gem and Mineral Show Jefferson County Fairgrounds, Colo.
_______________________________________________________
NEWS
Gold is in the news this week so much, that it is hard to decide which aspect to report on. Several will be ongoing, but the U.S. Forest Service updates are probably the most pressing. In case you have not been aware, the U.S. Forest Service has recently proposed to “issue criminal citations for occupancy” on public lands. As always, they will also be attempting to put further restrictions on mining on public lands. One proposed amendment will create a “bonded notice”, which will require a “financial guarantee” for any mining activities that would not require a plan of operations. The amount of this proposed “bond” was not quoted, but we in Colorado are already familiar with this type of bonding which has been required by the BLM on the Arkansas River for about 4 or 5 years. Public Lands for the People will be addressing this issue when it is posted, but miners in general need to get on board with this as no public meetings are proposed and the comment periods are usually very short.

The Preble’s Mouse has raised its’ ugly head again and it is now planned not to delist it from the endangered species list, even though it was proven to be genetically identical to another more common mouse. Yes, dear friends, your house, highways, and recreation will be limited because such activities might disturb its’ habitat. This highly specialized mouse is doomed by mother nature to die out when it’s habitat changes, and that is why it is a mutation of the original. The original is meant to survive. If we continue to go against mother nature, how will new species ever evolve in a new world? Why is this mouse more important than another that might take its’ place. How can the Fish and Wildlife Service be sure this mouse will become extinct if it is disturbed, or that it isn’t part of the bigger “plan”?

Comments on the prebel mouse issue can be submitted to: Susan Linner, Field Supervisor, Colorado Field Office, Ecological Services, P.O. Box 25486, MS-6542, Denver Federal Center, Denver, Co. 80225 or by fax to (303) 236-4005 or email to FW6_PMJM@fws.gov Comments much be received by Jan. 22, 2008.

Chili is in this week’s news as one South American country that can attribute its’ prosperity to mining and a government that is aware of the contribution it makes to that prosperity. While working with mining companies to develop resources, they can also keep environmental impacts to a minimum while reaping the maximum benefits from mining. They have been reasonably successful in keeping all things in perspective, to the benefit of all.

Gold prices continue to bounce around, and predictors are coming out with what they think it will do in ’08. I am reading and hearing many, and the highest prediction is that it will reach $1500 and silver to be at $25.00 per ounce. Now, I’ve watched these predictions for quite a while and I gotta tell ya, they never are as high as predicted, but they do go up. If you were to look at ’07, you would find that gold advanced 50% this year. If it were to advance at the same pace this year, that would make the peak somewhere in the $1200 range. Since the stock market is predicted to stay rather flat for ’08, and gold has been pacing itself with the markets, that would mean gold should stay in the $800 to $900 range. Personally, I would LOVE to see $1500 gold, but realistically, I have to hope for $1000 to $1200 this year. How’s your crystal ball?

Next week, more on how gold gets deposited in its’ matrixes.

Last note: I had a link come in about 30 minutes ago that is announced on the home page concerning Cache Creek regulations for 2008. Check it out if you haven’t already.
______________________________________
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

Gold Spot Price on the Rise

Outstanding Case of Gold at the 2007 Tucson Show at the Convention Center

GOLD! Whoa Boy, have you been watching it this morning? If not, take a look at the charts page! While I have been catching up on e-mail, planning tomorrow's newsletter, and making other changes, it has gone from around $856 to over $867 right now at 9:42 a.m.

I have been reading and watching stuff about other mining and rock hounding opportunities around the country, and I gotta tell ya, you should be checking these places out for some fun. Every state has a free or pay for use place where you can find all sorts of metals, gemstones, agates, petrified wood, and fossils. Geology is great fun for everyone, and kids always like diggin' in the dirt. Visit your state's digging areas this weekend if the weather permits, and if not, plan outings for this spring and summer.

The gem and mineral societies around the country are also in full swing planning and putting on gem, mineral, and fossil shows. Attend one for some amazing earth science experiences. The annual monster show in Tucson will be underway in about 3 weeks, too, and will run several shows across the city for about 3 weeks. Hooked on Gold will be there around the 9th through the 15th or so, of Feb. Just in time to see the gold displays in the Convention Center 14th through the 17th. We photographed some amazing pieces of gold last year, and plan to do the same this year. Watch for new pictures in March.

Happy New Year from Hooked on Gold

HAPPY NEW YEAR!




Gold closed yesterday to end 2007 at $833.30 after touching $842. Now that the holidays are over more time can be devoted to site updates and the catalog. I have a "fix" to try that I had done for me by someone a little more knowledgable in these things than I am, but have not had time to upload it. You might get a glimpse of it today or tomorrow. I'll then try to mess it up by putting the new template in it, so it might not be up very long. As most of you know, the newsletter is being posted on the blog right now. If you would like an e-mail sent telling you when it posts, you can drop me a note at info@hookedongold.com, and I will put you on a list for e-mail notification on Fridays.

I-70 was closed yesterday for around 24 hours due to high winds and blowing snow after getting over 12 inches of new powder. The ski industry here is jumping for joy after a very dry November. The city is slated for a drier winter, and we will be very glad to get out of the deep freeze tomorrow. Christmas day was terrible for travel, with temps in the teens and blowing snow with ground blizzards and slick highways. Travel was slow! We were on the highways trying to get to all the places we were supposed to be,and then everyone got sick passing around all the viruses everyone has been picking up. LOL! The holidays! How we LOVE them, even with all the problems and driving! We also spent about 5 days with our grandsons after Christmas playing Monopoly, Phase 10 and spending all the Christmas cash burning a hole in evryone's pockets. One of them even chose the picture for last week's newsletter. Off to watch the Tournament of Rose's Parade and have breakfast. GOOD PROSPECTING to all of you this year, and may your find that BIG nugget!