Thursday, February 12, 2009

Meetings, Metals, and Musings

The Gold Prospectors of Colorado meeting last night in Colorado Springs was well attended and our speaker, Larry Weilnau, spoke on metal detecting for gold in Colorado. Finding gold in Colorado with a metal detector can be tricky, since many of our deposits were in tellurides, silvanites, calaverite, wires, crystals, and small leaf, and there are metal detectors that do a better job of finding this type of gold than others.

A lively discussion followed the talk, with many people coming forward to see the specimens he brought and to see how the detectors would read them. If you are wondering where he detects for gold, he said it was somewhere west of Colorado Springs, east of Grand Junction, south of Blackhawk, and north of Durango. That about covers it. LOL!

You have to have your head in the sand if you aren't hearing anything about the new stimulus package. What would you do if you found out there was a chance that they would be coming back before the end of the year for another 3 trillion dollars? Hang on to your hat, because there is a possibility that might happen. Just remember, the more money Washington prints now, the higher inflation will be when the economy turns around. Funny thing is, the economy always turns around, even after the G.D. Slowly, but it did turn. AND even our President said this past week that this is no depression type scenario.

Anyone who reads my blog for any time, knows that I blog about prospecting for gold in the summer when we are out and about, and I blog about mining concerns in the winter when I have time to access more information. I have a couple of things to delve into tomorrow in the newsletter that came across my mind this morning that have to do with mining and green energy.

Gold slammed through the $950 ceiling this morning to $951 before turning back down, but it is on the rise again here at mid morning. If it continues in this fashion today we could be looking at the spot price reaching the $1,000 mark soon. With the stock market hating the stimulus package's lack of regulation, unemployment figures up, and more businesses closing, metals are due to rise this spring as predicted. One good bit of news today, though. The trade deficit is down again.

Have you been out prospecting yet this year? We have not, but with weekends warming up, we will be venturing out into the near mountains with friends, soon, to look for gold. At the very least, it gets us out of the house and into the sunshine. That's it for me. As always...

Good Prospecting to You,
Shirley Weilnau
Post a Comment