Friday, March 28, 2008

Hooked on Gold Gazette 3/28/08

· Gold Spot Closing Price for Friday: $930.90
· Spot price last week: $919.20


Calendar of Events


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

1st APRIL FOOLS DAY – Arkansas River is open for Motorized Equipment
9th GPOC General Meeting
25th – 27th SPRING Gem, Fossil and Mineral Show – Denver, Co.

Arizona gold prospecting is on our minds this week. We spent a very nice three days with our grandsons after Easter playing Clue 4 hours straight, and four games of Monopoly. It looks like we will have good weather for our trip and our week away. Be advised that e-mail will be slow this next week as we will not have a connection close by. There probably will be no newsletter next Friday, but I will post a few times to the blog so you can keep up with what we are doing. Maybe even PICTURES!

The Arkansas River will be open for motorized equipment this Tuesday, and there is no snow in Salida right now. Buena Vista still has two feet of snow on the ground.

Gold is down again this week and it looks like it may stay down through the end of the quarter, with profit taking being a large part of the slide, as well as the stronger dollar and higher oil is keeping it down. However analysts expect this downtrend to be short lived and that it will approach and possibly exceed $1,000 once again.

The Colorado legislature is looking at putting up toll booths to collect tolls through the Tunnels during peak days and hours to discourage people from going into or coming out of the mountains all at once. A solution to the I70 problem needs to be found, and they will need money to do it. Since we have Democrats once again controlling our legislature and governorship, we can expect them to tax us under the table in more ways than we can count, and tolls to pay for infrastructure they let go for so many years in the 80’s and 90’s would be par for them. You will need three or more people in your car to avoid the tolls. That means truckers would get caught and those who can now travel in the HOV lanes in Denver would need to pay the tolls through the Tunnels on I70. Oh, it WILL cost money to put the booths up and people to run them, too. This is supposed to cut down on congestion, but if everyone is stopping to pay a toll, Me thinks perhaps it will add to the problem. Naw, that can’t be right. Probably my lisdecxia cropping up again. Gotta go pack the snake gaters. Tah.

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……
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Good Prospecting to You,
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