Saturday, November 15, 2008

HookedonGold Gazette 11/14/08

Yup, that's what gold looks like!

· Gold Spot Closing Price for Friday: $742.30
· Spot price last Gazette: $733.90
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Calendar of Events
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

You would think that with most of our gold finding season behind us, an early Thanksgiving feast finished, and the fact that it isn’t quite Christmas shopping season yet, that we would be having a nice, quiet reprieve before the holidays, right? NOT! In fact, our lives seem to have been even BUSIER than they were this summer. I really didn’t think that was possible, but it has taken me three days to catch up on the household things that are URGENT since Wednesday. When I realized it was time to publish the Newsletter, well, the list of things to write about was done, but that was it. So, I am a day late, but by Wednesday, I was THREE days late.

You read about part of the newsletter items yesterday in a blog post, and so, I will finish today with what else is going on. The biggest news in Colorado mining this past week has been Freeport-McMoran’s decision to postpone the opening of the Climax Moly mine indefinitely and layoff 25% of their workforce at the Henderson mine. They are planning to complete the construction going on at the Climax mine, but opening it has been delayed due to the slow down in steel production and demand. You can read more about it at http://www.fcx.com/ .

We had our first measurable snow yesterday here in Denver with a quick storm that moved in early in the morning and left almost a quarter inch of the stuff, which melted as soon as the sun came out later in the day. That means we did not make the latest date for snow fall in the Denver area, which would have been Nov. 22nd. I-70 and the mountains have had several good snows over the past couple of weeks, and most ski areas opened early.

Blog posts you might be interested in include one by an artist on panning at Panning For Gold, this newsarticle from Vancouver on new panning regulations http://www.thenewstribune.com/adventure/story/536229.html , and several that are commenting on the gold markets and what they may do this next year. Open Letter on Gold Demand and Supply, 'GOLD TO BREAK TO UPSIDE, DOLLAR TO COLLAPSE', and Gold Outperforms... Everything .

As to the gold ETFs, you are essentially buying paper, and the paper has been trading at a discount to the real price of gold. Invest in the real thing, if you are looking to do that. Gold miners should go up with this trend in a bull market in gold, too.

Are you still out finding gold? If so, comment to our blog and let us know what you are finding. If you receive RSS notifications, Hooked on Gold website now has an RSS feed you can subscribe to. You’ll find it on the home page.

Well, that’s it for today. I could go on about my trip up to Greeley to deliver a new distributor to Bella Health Systems, but that isn’t about this kind of “gold”. See you next week, and hopefully there will be more time for some extra blogs this week. As always…..

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: 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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