Friday, February 01, 2008

Hooked on Gold Gazette Feb. 1st





On last year's trip to Arizona, we got some nice pictures of this overly friendly Road Runner in Albuquerque. BEEP BEEP!




HOOKED ON GOLD GAZETTE

· Gold Spot Closing Price for Friday: $907.90
· Spot price Jan. 25th: $910.50
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Calendar of Events

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

The roller coaster ride of gold has been interesting this week with it touching $937.60 this morning before tumbling back under $30.00 a Gram. The uncertainty concerning South African gold mining along with economic woes pushed it up before the Fed interest rate cut pushed it back. Consumers and investors have been pulling back from the metal as it sharply rose in January. Scrap gold is being sold around the world in large quantities, jewelry demands in India and the U.S. have fallen off, and futures have fallen due to fears that the metal has advanced to quickly as of late. However, the wedding season is approaching in India and they can hold off purchasing the metal only so long, as wedding gifts of gold jewelry for the bride are traditional. Pressures on gold to rise in price are all around, and it cannot stay at current levels all year.

We will be on our way to Arizona tomorrow, and while we are away, I will blog a bit about what we are doing and sharing some pictures. There will be no regular newsletter next Friday as I will have intermittent internet access for the next week. Check back for updates throughout the week.

Snow continues to hammer the mountains here in Colorado, with each river drainage at 150% of snowpack for the year or above; March and April are still coming. That’s going to mean a heavy run off season this late spring and early summer which will be moving gold around in the rivers this year. It also means high water for most of the summer. Have you been able to get out with your metal detector? With storms coming every other day since Christmas, ours has been in it’s case, but should get to see the light of day in the next couple of weeks. Have a great weekend! Off to pack.
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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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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

















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