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HOORAH! My new HOOKED On GOLD template is on it's way to being a reality! I have finally made connections with an expert who can give me a template that will do what I need it to and it will be similar to the one you see now! So, none of you will suffer too much shock when it gets changed. The header will be slightly different, but the look and feel should be the same with the width finally under control.

In GOLD news, we have gold dropping today to near that magic $50.00 point below it's high last week. The stock market is taking a beating this week so it should be interesting to see if gold finally decides to take a turn in the opposite direction of the markets, or continue to follow them down. I haven't heard of any selling off of gold by major banks recently, but with the price so high, I'm sure someone somewhere is taking profits.

Tomorrow's newsletter will continue with the discussion on how gold is put into rock under geothermal conditions.

Gold above $900

Your Specimen Gold Is UP!

Good monday morning to all of you. Gold is rising again today after touching $914 and then sliding back and climbing back up to $908 at 9:00 this morning. Of course it can correct itself back $50 to $100, but right now it is at around $30 a gram.

I have been told that specimen gold does not fluctuate very much based on the day to day spot prices, but when the price increases by around 50% in a year, well, your specimen gold just went up 50% as well. So, those people who bought their specimens at the Tucson show last year that no one even saw but the bidders, made on heck of a deal. It is hard to find 50% gains even in the stock market.

I have been discussing the information I found on the geothermal theories on gold nuggets with a geologist friend of mine, and he found the information very interesting. More on that this Friday as I continue this discussion in the newlsetter, so check back for another round in this discussion. If you have any thoughts, let me know. We may all start looking for nuggets in another area we hadn't thought about before.

Hooked on Gold Gazette Dec. 28, 2007.

HOOKED ON GOLD GAZETTE

· Gold Spot Closing Price for Friday: $838.80
· Spot price Dec. 21: $811.70
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Calendar of Events
December
12th GPOC Christmas Party 7:00 p.m. Bring unwrapped gifts for children for the Marines toy drive
19th GPR Members Christmas Party
24th CHRISTMAS EVE
25th CHRISTMAS DAY
31st New Year's Eve
JANUARY 2008
1st New Years Day
9th GPOC Meeting 7:00 p.m. Colo. Springs
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NEWS
Christmas is over and we are all back on track with our lives. The gold market is up, our buckets of black sand have been gone through, and we are looking to get equipment repairs under way. Our Christmas was white with 8 inches of snow falling at the house and a very frosty day enjoyed by all, with too much of everything. No better way to spend he day but with loved ones and friends. Hope all of you had as great a day as we did!

I am a bit late today as we had another 8 inches of snow yesterday which delayed our after Christmas shopping a day. We had to have a gold ring set with a garnet and sized for our daughter-in-law, along with spending that Christmas money that always burns a hole in your pocket. The grandsons had money to spend, too, so we hit the game stores and the mall. The snow is melting very fast here today, and Arvada hit around 41 degrees on our thermometer. We’ll wait for the news to see what the “official” temps were.

To continue last weeks review of the article in the December issue of ICMJ, it also mentioned the “seam” mining in California which produced a great deal of gold with hydraulic mining. These “seam diggings” were largely schist. They don’t always produce large numbers of nuggets, but they weather easily, and are not always easily identified on the surface.
Another interesting discussion is the order of geothermal mineralization events. The first is often quartz and lesser minerals, with later deposits being richer is minerals and less quartz. The last deposits contain the most concentration of heavier minerals, including gold, which would produce the nuggets. Of course, this explanation is a generalization, as there are always exceptions to the rules.

In world news, you would have to have had your head in the sand not to have heard of the assassination of Benazir Bhutto in Pakastan. This event is significant in the stabilization of the world and immediately pushed gold prices much higher, and sent the stock market lower. This is closer to the historic way that gold and the stock market have acted, going in opposite directions, rather than together as they have acted in the past few years. ______________________________________
If you find a broken link, please let us know
THE ARKANSAS RIVER is now closed TO MOTORIZED EQUIPMENT FOR THE WINTER UNTIL APRIL 1, 2008.
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Until Next week.
Good Prospecting to You,
Larry and Shirley Weilnau
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