Tuesday, February 24, 2009

Gold Prospecting and Lent

Summer Fun!

Happy Fat Tuesday to you! Ash Wednesday is tomorow and the beginning of Lent, so I have a question for you. What are you giving up for lent?

Now, since it is supposed to be something you like and it should be a sacrifice for you, I decided to think what I would be willing to give up of my gold prospecting until Easter. Easter is April 12th this year, so that means motorized dredging on the Arkansas would be allowed by then, and we do love to get out early! So, I have decided to give up dredging for gold for lent and forgo any serious fun in the water on the Arkansas early this year.

How about you? Leave a comment at the end of this post to let us all know, or you can contact me with your answer at info@hookedongold.com.

Spot price of gold is sliding right now and is under $972. Profit taking is probably the reason, but so is manipulation. I think those that can manipulate the price are doing so to a certain extent to try and stabilize stocks. If gold was to run away now, it could fuel a flight into the metal that could get more to exit stocks as the run began. Not to worry; it will rise later this year, but who knows how far? Link for you about the finanial situation and how banks did what they did. http://www.wired.com/techbiz/it/magazine/17-03/wp_quant?currentPage=4

Have a GREAT one out there. It's Sunny in Denver and we are supposed to reach 70 degrees. Snow pack for Colorado so far is averaged at 112%, which means lots of water for this summer if we keep to these levels. March forecast is for snow in the mountains and drier for the Front Range.
Post a Comment