Friday, September 19, 2008

HookedonGold Gazette 9/19/08

Two of the Fabulous Gold Nuggets shown at the Denver Gem, Mineral and Fossil Show. WOW!

· Gold Spot Closing Price for Friday: $871.80
· Spot price last Gazette: $829.90
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Calendar of Events

SEPTEMBER
· 1st - LABOR DAY
· 10th – GPOC General Meeting
· 12th – 14th Denver Gem, Mineral, and Fossil Show Panning Demo with GPOC
· 30th – Last Day for Motorized Equipment on the Arkansas River in Colorado

OCTOBER
· 1st – Arkansas River is now closed to motorized equipment until March 1st
· 8th – GPOC General Meeting
· 31st - Halloween
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NEWS

Boy has a lot happened since my last Gazette! Gold spot price has been near $750 and back above $900. The DOW has been on a rollercoaster as well, and we now have nearly a trillion dollars loaned out to the financials who apparently can’t add and subtract even as well as you and I. In case you aren’t aware of what the 50 billion coming out of the Exchange Stabilization Fund is, it comes out of the U.S. gold reserves. Wouldn’t it be nice if we could all wipe away our bad decision debts as easily as some of them have? Oh well, at least we all make enough to be able to bail out the institutions who lend US money.? AND pay their debt back along with our own.

Did you get a chance to see the fabulous gold specimens that were shown at the Denver Gem, Mineral, and Fossil Show last weekend? That big nugget shown in the picture at the top was at Colorado Nuggets and is around 116 ounces and came out of Colombia. Pretty impressive! The other picture is a piece of gold showed by Collectors Edge that looks like a pinecone. GREAT show and we were all VERY busy showing the public how to pan for gold with GPOC. Oh, by the way. GPOC’s website is now back up and running, and you can view it al www.gpoc.com That also means that our pages will come down soon that held the GPOC pages.

I wanted to take some time today to thank all of you who read my blog and visit my site regularly. I met a lot of you in the field this year, and was surprised by how many people out there already knew about the site. Last year about one in 10 people had heard about it, but this year it was closer to one in three! You are all a great bunch of people and I an honored to have you want to keep up with what is going on with Hooked on Gold. Hopefully we bring you some interesting news most weeks and keep you up to date with some of what goes on in the mining world. Thanks again, and may you find that big gold nugget somewhere in the world you explore. I always hear “Are ya rich yet?” and I have to say “yes, yes, we are”.

Kitco has had a run on silver coins this last week and has upped its’ bid or buyback amount on Silver Maples and Eagles. Gold and silver will continue to be a safe haven for some of your assets. Besides, they are just so darn purty to look at! I saw an article today about a coin store near me. They are having trouble keeping older rare gold or silver coins in stock and were urging anyone with gold coins to come in and sell them. Can’t imagine why you might do that right now, but if you’ve a mind to, you might want to go and see what your local coin dealer is offering to buy coins for. This store said they were paying a premium. Now, I’m not sure what that means, but I’m also pretty sure they have to make a profit, so maybe they aren’t giving what they are worth. What do you think? I haven’t checked out e-Bay recently, but you used to be able to sell them there at a pretty good price.

The Comex raised the margin price for gold today by a whopping 47%! They cited accelerating gold prices as the reason. Gold also rose AND fell the largest percentages in its’ history….all within a couple of days! The Bull is in the house, but I’m afraid I still think the Bear will stare him down. It ain’t over yet. Well that’s about all I got today. See you next week, and watch the blog for some more stories about our Sept. adventures.

Good Prospecting to You,
Shirley
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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: www.worldopenpanning.homestead.com . If the links do not work, copy and paste them into your browser.
If you find a broken link, please let us know
THE ARKANSAS RIVER is now opened TO MOTORIZED EQUIPMENT until October 1st.
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Good Prospecting to You,
Shirley Weilnau
www.hookedongold.com
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