Friday, February 15, 2008

Hooked on Gold Gazette




· Gold Spot Closing Price for Friday: $901.70
· Spot price Jan. 25th: $923.20
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Headframe from long ago
Calendar of Events

FEBRUARY

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

MARCH

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
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NEWS

Family matters this past week has delayed many things. Work on the new Hooked on Gold template is still going on, but finding time to get three schedules together will be a challenge as our schedule must now include taking care of parents who are not well. Take heart! We will be putting up the new site by March or shortly after.

The hottest news on gold this week has been the controversy over the International Monetary Fund (IMF) plans to sell around 400 tonnes of gold beginning in April. Gold prices will probably drop temporarily as they sell it off. For those of you looking for the next entry point for gold, this could be your chance.

Platinum is going above $2050 today on continued fears about supplies after the South African mine closed a few weeks ago due to power problems with the nationally owned utilities. Some are even calling it “panic buying”.

LEADVILLE is having emergency meetings concerning what to do about a mine drainage tunnel that may collapse and send thousands of contaminated mine water into the Arkansas also possibly threatening nearby homes. There is currently talk about having the EPA pump the water out. If you’ve ever been to Leadville, you might have a sense of what the residents think about the EPA.

Steve Veach was the speaker at the GPOC general meeting this past week and gave a report on a new technology being used to find microscopic gold particles in core samples without crushing and fire assaying. The new High Resolution X-Ray Computed Tomography (HRXCT) takes MRI quality x-rays in three dimensions that can be rolled and turned to see exactly what is in the sample. Truly amazing to watch.

Another item this week that caught my was the fact that DeBeers is offering refunds on many of their diamonds sold in the past 2 years. If you have one, you might want to check in to it. They have recently decided to settle a lawsuit on their monopoly and the possibility of having gouged consumers during that time.

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: http://www.worldopenpanning.homestead.com/ .

Until next 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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Good Prospecting to You,
Larry and Shirley Weilnau
http://www.hookedongold.com/
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