Friday, February 22, 2008

Hooked on Gold Gazette Jan. 22, 2008.

· Gold Spot Closing Price for Friday: $944.60
· Spot price last week: $901.70
That’s almost 5% this week. It IS down from it’s high of 954.70 yesterday


Calendar of Events


13th GPOC Meeting 7:00 p.m. Colo. Springs
15th Gold Show opens at the Denver Museum of Nature and Science
22nd – 24th Gem and Mineral Show Jefferson County Fairgrounds, Colo.


9th Daylight Savings Time Begins in Colorado
12th GPOC General Meeting 7:00 p.m.
17th St. Patrick’s Day
20th First Day of Spring
21st Good Friday
23rd Easter

Are you ready to go play in the dirt, yet? Boy, we SURE are! The ground is just getting to where we can take the detector out again, but we have to be off to other places to take care of business. We spent a really nice afternoon at the Denver Museum of Nature and Science last Saturday helping to run a gold panning class for a teacher’s workshop in conjunction with their Gold Show that opened last Friday. We took a Hex Pan with us to the panning class and tried it out……unseasoned with the resist still on it! A review of the pan will be put up on the “Which Pan” page later next week after the new site is uploaded . If you are here in Denver the next few months, check it out. It is well worth the extra $5.00 to see!

We will be taking a trip to the Jefferson County Fairgrounds to visit a very nice exhibit of minerals, fossils, and what not on Saturday. Maybe we can find somewhere to look for gold in the afternoon, unless it starts to rain or snow on us again. It’s almost March 1st and the detector is gathering too much dust.

On a good note, though, we are putting the finishing touches on our Highbanker/Dredge combo plans that will be for sale on the website in a few weeks. We will run them by several people to see what needs to be added to the instructions before releasing them to you. It will be delivered in PDF downloadable form, accessible at time of payment. These are not for anyone to attempt who does not have access to the proper tools and equipment needed to put it together. One of the things required will be access to a bending machine to bend the aluminum.

The New Template will be uploaded on Tuesday night. It contains information about a month old, so give me a few days to get everything back to the way it should be and then watch for new pages and the store being back up and running with PayPal. I have a very nice selection of prospecting gifts to put up, along with the “poop Tube” minisluice, gold for sale, and gold jewelry. Madam Queen Shirley’s panning sand will be making a comeback, as well.

Gold seems to be on everyone’s mind this week, along with inflation, interest rates, the run for the party nominations, and the falling dollar. The outlook by some economists is not as bleak as one might think, for the end of the year. The Fed’s are expected to make another adjustment in the prime rate, and as most “recessions” rebound quickly outside of a global war, this one is expected to make a strong come back after it hits the bottom of the “V” sometime around the middle of the year. Gold is expected to make a run for $975 with support around $940, even as the dollar may rally. This could cause the Fed to raise interest rates quickly by ’09 to quell the possibility of inflation. Yeah, it makes my head hurt, too. LOL!

Platinum! Up 40 % this year, but falling a bit right now. And how about silver trading at $18.00!

Every so often I come across a real golden piece of news writing. Today I will leave you with these thoughts:

Scientists are trying to fight global warming by changing animal flatulence. Emissions from livestock reportedly account for up to half of greenhouse gas emissions in some countries. Kangaroos have stomach bacteria that eliminate methane from their gas; scientists want to transfer these bacteria to sheep and cattle. Bonus: The bacteria could improve digestive efficiency by 10 to 15 percent, thereby reducing feed costs. Alternative proposal: Eat less cattle and more kangaroo meat: "It's low in fat, it's got high protein levels," and "it's the ultimate free range animal."

World Open Panning website has this year’s world wide panning competitions listed and they add more all the time. A great site to visit: .

Until next week……
If you find a broken link, please let us know
Good Prospecting to You,
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