· Gold Spot Closing Price for Friday: $754.30
· Spot price last Gazette: $806.10 (Nov. 26th)
Calendar of Events
· 1st Cyber Monday Don’t forget goldnstore for your prospector gifts
· 10th GPOC General Meeting and Christmas Party don’t forget those toys for Toys for Tots!
· 21st Winter Solstice – Yeah, we start getting longer days tomorrow!!!!!
· 22nd Hanukkah begins
· 24th Christmas Eve
· 25th Christmas Day
· 26th Kwanzaa and Boxing Day
· 31st New Years Eve
Watching gold and platinum prices is kind of heart stopping, isn’t it? What is keeping gold from advancing as the stock market falls? Isn’t it supposed to do well when stocks are not? Confusing questions, but I have been reading some accounts that make a bit of sense as to why gold is not at $1500 as some had predicted. It’s simple, really. As equities have declined, some investors have been forced to sell their gold holdings to raise cash. After all, when everything else is in the dumper, gold DOES still have a cash value.
Russia finally passed a bill to abolish their state monopoly on platinum group metals that have previously been exported through Almazjuvelirexport. It took them 4 years to get it through their parliament. They do produce a large share of the world’s palladium and platinum, but with the prices down, whether they have monopoly or not may not matter.
Did you hear about Freeport McMoRan? They suspended their dividend to their investors and are planning on curtailing much of their mining operations due to the drop in metal prices. I know a few people who might be affected. That’s about it for news since Wednesday. Your DIY links are below.
Does it seem to you like time is speeding along at warp speed? Things are happening in our lives so fast now, it seems like every day has a month’s amount of stuff going on in it. It is hard to stay focused on any one thing for more than a few hours a week, so if I seem like I am pulled in many directions and not focused on gold right now, you would be right. I am still looking at and for information on gold, but it is getting harder to spend enough time to be really effective. Then, it IS the Holiday Season, too, and that is part of it.
We ARE looking at having to be ready for Christmas celebrations early, as we did Thanksgiving, as much of the family will not be in Colorado that week. I am devoting a few hours a week to helping my son’s business with some office work that I can do from home, as there are many things coming together for them VERY quickly, now. Two new companies may be spun off from their parent company, already, to help in distribution and development of products coming out next year. If you don’t think that has anything to do with gold, you would be oh, so, wrong. When this pops, we will have time and money to devote to some very ambitious projects that include finding gold and the public, so think good thoughts for us and you could profit from this as well. It has been the desire of hooked on gold for more than 10 years to do something for the public in gold prospecting here in Colorado, so bear with me while this project goes into the stratosphere and beyond. You’ll get your updates and what we are planning as it all unfolds, and remember: Eat Beef and Drink Milk! LOL!
Remember, you can get your prospecting needs HERE, Clearance HERE, and Monthly Specials HERE.
Gravity Dredging for Placer Gold
Equipment plans for sale Trommel
Until next week……..
Good Prospecting to You,
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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