Friday, October 31, 2008

HookedonGold Gazette 10/31-08

· Gold Spot Closing Price for Friday: $723.70
· Spot price last Gazette: $733.40
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Calendar of Events
OCTOBER
· 1st – Arkansas River is now closed to motorized equipment until March 1st
· 8th – GPOC General Meeting
· 13th – Columbus Day
· 31st – Halloween

Have a ghoulishly good time!!!!!! BWAAHAHAHAHHAH!

NOVEMBER
· 2nd End of Daylight Savings Time
· 4th ELECTION DAY Get out and VOTE!
· 11th Veterans Day
· 12th GPOC Regular Meeting 7:00 p.m.
· 27th THANKSGIVING
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NEWS

Hey all you gold ghosts and goblins! We have good weather in the forecast tonight, so you can troll for tricks or treats without your heavy coats here in Denver. In case you think you are on the wrong blog, you aren’t. I just thought I would have a little color fun today since it IS Halloween, and all, and I have learned so much in the last three years running Hooked on Gold! Yes, that’s right. We celebrated our third year of being online in October. (Looks like the black background and white text may not copy to blogger. BUMMER!!!! It looked FAB in Word!)

Check out the new gadgets in the side bar. Yeah, the one where you can subscribe to the rss feed and the one where you can be one of our “followers” just like on the social bookmarking sites. Of course, if you want to read anonymously, you can still do that, too. You can also catch me on Facebook.

The news seems to be all politics with the election looming next Tuesday, but I did pick up a few interesting mining tidbits this past week. Newmont reported their third quarter down and ExxonMobile was up…..way up. Their third quarter profit was reported at nearly 15 billion dollars. Lot of money, but the interesting thing I heard about this figure is the amount on TAXES they paid on that profit. Are you ready????? 32 Billion dollars. That’s right. They PAID more than twice the amount reported in profits, in taxes to Uncle Sam. The other thing that is never discussed is the amount of that profit that goes into exploration; 6.9 billion dollars for this next quarter.

And just what IS going on with the price of gold these days? I have been watching this past week as platinum sells for under $100 more than gold. Anybody seen copper lately? I didn’t check today, but is has been under $2.00 for some time, now. Stocks seem to think we are out of the woods…..or is that just wishful thinking on the part of bulls before the other shoe drops. Can’t say. Don’t know.

I’ve been very busy learning some new software programs this past week or so, and will be spending time with them as the next month goes by. They should help you find me better in the search engines when I am done, as well as a few new projects I will be starting. This past week was busy trying to lend a hand to a son who will be out of the country for the next three and a half months. He’ll have some golden memories, I am sure, when he gets back to share. We will celebrate Thanksgiving/Christmas with him and the family tomorrow, and wish him bon voyage.

Here is your first DIY link for the winter. Rocker Box: Rocker Box
http://www.goldprospectors.org/pdf/ROCKERBOXPLANS.PDF#search=%22rocker%20box%22
If the link will not open, copy and paste it into your browser and press the “go” button.

There is so much to comment on this week about gold and its future that I don’t have the space for it. I suggest you go to http://www.kitco.com/ and read some of the commentary going on. Really interesting to see what they are saying.

The new metal detector is out from Whites that mimics the Minelab. Only trouble is, is that it will not find most of Colorado’s gold. It has the same problem Minelab does, it won’t find some of our types of deposits as they don’t register on the Minelab or the new Whites as a solid target. Whites asked a local to review it and they were not pleased with the findings. A sample of the gold it won’t find was sent to Whites, and, sure enough, the new one won’t pick it up. If you are searching for gold in Colorado you might want to consider sticking with the GMT or the MXT. Save the new Whites and the minelab for where you can find gold that is in a more solid mass, not the wires, crystals and flake found in most of our deposits. Oh, the GMT and MXT pick those up too, just not at the depth of the new Whites or the Minelab. But then, these two cannot see this type of gold at all….even right under the coil.
That's all I got for this week. Stay tuned, and until next week.......


Good Prospecting to You,
Shirley (MQS)

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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: http://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 closed TO MOTORIZED EQUIPMENT until April 1st.
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