Gold Prices and Gold Prospecting

With world leaders seeming to be finding some common ground in banking this week at the G20 conference, it looks like gold is holding back a bit until we find out more about what the new agreements will mean. The selling off of more gold by the IMF (International Monetary Fund) is back on, and this could mean a rise or fall in gold depending on the mood of the market in general. Buyers could perceive this sell off as a buying opportunity, or they could decide that other investments are looking better now than in the near past. Several countries have also voiced their desire to move more of their capital back into gold, and so there is definitely demand, how much is uncertain. India did not buy gold from the market again in March, either.

The most sure sign that gold will rise could more probably be the return of inflation and a sliding dollar. This may not happen this year, but with all the money being printed around the world it is predicted to be a fact in the next year or so. When inflation is back with us, gold is positioned to rise.

So, in the mean time, you might want to get that gold prospecting equipment out and head to the hills, or wherever your favorite prospecting spot is and find yourself a little extra gold. Need a reference book to find another spot you heard about? Check out your equipment before you go, though, and make sure your pump, hoses and clamps are all working. (It's the pits when the clamps break!) Got all the screws in one place and ready to go? How about that special sized screwdriver you used for another project last winter and forgot to put back in the pack? Yeah, been there, done that! LOL! The trip to town to TRY and find another one was a real blast, too. While your at it, make sure you have all your permits up to date. You can find the forms to print off and send in for the Arkansas River drainage in Colorado and Cache Creek on this page of the BLM.gov site. Get out on some of those warm Colorado days and find some gold before we get out and find it! LOL!
Good Prospecting to You,
Shirley

Google Alerts on Gold and Gold Prospecting

Reminder from this Summer. I can smell the breeze, can you?

Hey all you gold prospectors out there! Man, o, man has the Fall been busy this year!!!! I keep thinking I will have time to blog, and the next thing I know I’m climbing the stairs to go to bed! I have finally subscribed to Google Alerts, and they are sending me some very interesting information I will share with you as space and time permits. There are several interesting blogs you might like to follow, or read their post that I link to. It should give me some more to blog about, too.

Market Rubbemeker’s blog on gold is very interesting, and follows some of my own thinking on the subject. Give this page a read and see if you don’t gain some insite on this page entitled So That's Why Gold Prices Are Up Today .

For those of you who like the Minelab metal detectors, you will find this forum of interest. I am referencing a page on it that is describing coils at Re: 5x10" DD/HF Coil and the 6" DD/HF Coil - Visible Differences , and please note that the page is almost a year old. Doesn’t matter, though, ‘cause the info is still the same.

I’ll leave you with one more that has to do with the price of gold and where it might go in the near future. Check out what one gold bug is saying about it at Brien Lundin: Is Gold Holding a Wild Card? .

Baby boy is in the Philippines now for three days. Haven’t heard from him yet, but I think they started their classes today, and they are teaching at night. Might be a bit confusing right now, what with jetlag, nights that are days, and all they needed to do to prepare for their classes. Hopefully he will give us a jingle this weekend.

Elections are finally over!!!! Yah! Dems in control, though, are not good for public lands. They like to think that the public has no right to use ‘em. Also means that we will continue to lose places to prospect for gold and finding gold will become more difficult. ICMJ had some interesting things to say about them in their latest issue that I’ll cover tomorrow in the newsletter. That’s it for now, and REMEMBER that if the links do not work, copy and paste them into your browser to view. If all else fails, put it into a word doc and access it from there. If you continue to have trouble with the links, PLEASE let me know so I can modify them to be more browser friendly.

Good Prospecting to You,
Shirley Weilnau

HookedonGold Gazette 6/27/08

Kingdom Days in Breckenridge

Mrs. John J. Brown, aka Molly, and yours truly

· Gold Spot Closing Price for Friday: $926.80
· Spot price last week: $901.30
________________

Calendar of Events
JULY
4th - Fourth of July
9th GPOC Regular Meeting
26th – 27th Burro Days – Fairplay 1st leg of the burro trifecta
AUGUST
1st – 3rd - COLORADO STATE GOLD PANNING CHAMPIONSHIPS Breckenridge, Co.
2nd – 3rd – Boom Days – Leadville 2nd leg of the burro trifecta
9th – 10th Gold Rush Days in Buena Vista 3rd leg of the burro trifecta
13th GPOC Regular Meeting
SEPTEMBER
· 1st - LABOR DAY
· 10th – GPOC General Meeting
· 12th – 14th Denver Gem, Mineral, and Fossil Show Panning Demo with GPOC
· 30th – Last Day for Motorized Equipment on the Arkansas River in Colorado
_______________________________________
NEWS

Gold is way up this week, and we will be on our way to our first two weeks away this summer. Hooked on Gold will not be publishing a newsletter until after the 15th due to very limited internet service where we will be. Form requests will be answered as we have time until the middle of the month, as we are in prime gold finding season and have many things planned with friends. We will also be spending some time looking at properties and land while we decide what we will be doing next year. The two weeks will fly by and we will be back at home before we know it. Blog posts and pictures will get posted when we have a connection, too.

Have you been finding gold? If so, let us know. We love sharing our experiences with others, and there have been a lot of questions to answer this season. Please continue to be careful around the water. Run off this year will be long, and there is still a lot of snow to melt in the high country. We have run up for a day, here and there, and are amazed at the amount of snow still on the mountains. A drier pattern looks to be with us until monsoon season comes in around the middle of July. The Fourth is ONE WEEK AWAY!

The site template continues to plague me. Now, the Firefox browser is showing the text lettering all wrong, but everything else shows it correctly. Even viewing pages being worked on with Firefox gives me error messages and then refuses to open the page again. If you are using Firefox as your browser you will see some text in the colors it is meant to be in and other text in yellow. Can’t seem to get it to show correctly, and two pages now will not open for editing. Can’t even get a Fourth of July message posted!

Did you try the new toolbar yet? I have had many downloads this past week. I can’t seem to stop playing with the slot machine, myself, and it sure has been a lot of fun. You can find a download button on almost every page under the goldpanner on the left.

River update. Another river drowning occurred this past week near Buena Vista to a kayaker. Please e careful around the high water. Stream Flows will be updated for this week, but will not be while we are away. Hopefully, by the time we get back the rivers will be subsiding a bit, but I expect them to be high well into August. The Ski areas reported the first of June that they will not be in their “mud” season until this next week, a good two months late. In the mean time, you can look up the flows for yourself at:
http://www.stream-flow.allaboutrivers.com/Colorado/river_flow-sCO.html

Google had begun running third party ads and is requiring adsense sites to include information about this change on their websites. You can read about this on our Privacy Policy page.

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: http://www.worldopenpanning.homestead.com/ .

Until next week……
___________________________________
If you find a broken link, please let us know
THE ARKANSAS RIVER is now opened TO MOTORIZED EQUIPMENT until October 1st.
_______________________________________
Good Prospecting to You,
Shirley Weilnau
http://www.hookedongold.com/
http://www.hookedongold2.com/ Metal Detectors at Auction
info@hookedongold.com contact us
PLEASE BE ADVISED: Ads that you might find on this blog or on a website using ads, may use cookies or other tracking means to track your movements on the web. Please read our Privacy Policy to see how this affects you and what you might want to do to prevent cookies being used to track you.

Hooked on Gold Gazette 5/23/08

HAPPY MEMORIAL DAY WEEKEND

· Gold Spot Closing Price for Friday: $924.20
· Spot price last week: $901.60

________________

Calendar of Events

MAY

9-11th Let’s Go Gold Panning Days – Point Bar, Colorado
11th Mother’s Day
14th GPOC Regular Meeting 7:00 p.m.
17th Prospecting Introduction and New GPOC Member orientation Class – Reservation required at the Mining Museum in Colorado Springs
24-26th Memorial Day Weekend
30th Memorial Day

JUNE

11th GPOC regular meeting
14th Flag day
14th-15th Breckenridge Kingdom Days GPOC Panning Demo
15th FATHER’S DAY
20th Summer Solstice (YAAH)
21st-22nd Gem Show-Colorado Springs Phil Long Ford Expo

JULY

4th - Fourth of July
9th GPOC Regular Meeting
26th – 27th Burro Days – Fariplay

AUGUST

1st – 3rd - COLORADO STATE GOLD PANNING CHAMPIONSHIPS Breckenridge, Co.
9th – 10th Gold Rush Days in Buena Vista
13th GPOC Regular Meeting
_______________________________________
NEWS

HAPPY MEMORIAL DAY WEEKEND TO ALL OF YOU GOLD PROSPECTORS! Take a moment to remember all who have fallen in defense of this country. I have posted a Memorial Day poem for you called The American Hero. Enjoy your BBQ’s, and don’t forget what has been sacrificed for you to be able to do so.

Are you watching gold recover from its low a few weeks ago? The ETF funds have stopped taking profits, and so the gold market will begin to recover from the sell off. The stock market is expected to take some more hits with banks having additional losses from the mortgage lending mess and the rise in oil prices. Gold is expected to rise as the stock market falls, this time, and not follow the stock market in its present downward trend. We aren’t looking for a total meltdown of the markets as there are many parts of the economy that are strong, and the weak banking sector is pulling everything else down. The oil situation IS affecting all businesses as gas and energy prices rise, but we are confident that the U.S. economy will pull itself up by its bootstraps and find a better footing on the other side of the storm. Besides…..copper is holding around $4.00, a good sign that the world economy is doing OK. Oh, half way mark for the gold rally is around $940. Look for a possible pull back when it gets there.

Are you having a “gas attack”? Boy, everyone I know is! Congress has had the big oil guys back on the hill to testify about the black gold. Same story as last month. 4 cents of every dollar goes to their profit line. Where does the rest go? Taxes, refining and the fall of the dollar, and competition in the market. Taxes you understand, you have to refine oil to get gasoline, and if the dollar has half its value, oil costs double. No confusion there. But what about the competition factor? Sure, China and India are making it tougher to buy oil, and the oil producing countries who have control over their oil have said they will not pump more, but a new report I saw this week added another competitor to the mix. Hedge funds. Yup, you read me right. Oil and gas hedge funds now control almost as much oil and gas as China buys, so you can add the stock market to the major players in black gold.

Am I off topic? I don’t know. I always think that the price of gas and equipment and laws for our public lands are relevant to our topic of gold. They all affect how and where you can go and find gold, not to mention how much it will cost you and how you will get there. Once you have found your gold, all of these things effect your bottom line as to how profitable your gold finding trip is. Laws are being changed that will effect where you can find gold and how much it will cost you to do so on public lands. These changes will pertain to anyone who goes afield to find minerals, gemstones, fish, pick up plain old rocks, file a claim, or enjoy the out of doors. There are revisions to the mining laws that could require to you to file a plan of operation, file a bond, and have a use permit to use a 4 inch dredge, highbank, collect gemstones, or collect rocks on BLM or Forest Service public lands. As stated right now, they will not provide an agency to get a bond from, so you can’t get one even if you file. HMMMM. This sounds like they want you to “Keep Out” of “Public Land”. How come “Public Land” is getting put into protected status so the “Public” can’t use it?

In case you have been away from a T.V., newspaper or computer, we had a tornado run through the north eastern part of Colorado yesterday with the worst damage west of Greeley in the town of Windsor. One life was lost as he ran for cover, and hundreds of homes were damaged. Trees were uprooted and evergreens snapped off their trunks leaving large stumps standing. The whole town and surrounding areas were pelted with up to golf ball sized hail. One report was of hail as big as small oranges. The most unusual aspect of this storm was its tract. It moved from the southeast to the northwest….exactly opposite of the usual tornado path.

News on the Odyssey Marine was out this last week. The Odyssey, to remind you, is the treasure recovery ship that found the debris of a sunken ship off the coast of England last year, containing substantial treasure including gold and silver coins. The Spanish government seized the Odyssey claiming the treasure belonged to them shortly after the announcement was made that the sunken ship had been found. The Spanish Government has sued Odyssey alleging that the found ship is to them as the USS Arizona is to the U.S., as a memorial. They also wanted the court to believe that “looting” it would be a crime against humanity. The Odyssey argues that the 200 year old site contains only debris, no bodies or actual ship intact, and that under international law it is fair game for recovery. This looks to be in court for a long time and quite possibly stay there for some time. I heard someone ask if the countries where the gold and silver originally was taken from have any claim against the Spanish government for taking it from them in the first place. And so it goes on and on.

I saw a report on what might be called the “golden liquid” that may be interesting to you. As most of you know, Denver will be hosting the Democratic National Convention this August, and one of their big things is that everything be as “green” as possible. Yesterday, Coors Brewery donated ethanol to them for use in E85 vehicles that will be used to get everyone around. I found it interesting to read that Coors has been making ethanol since 1996, and produces 3 million gallons a year of the fuel alternative. They make ethanol from their rejected or damaged beer, and mash waste. Now, if Coors can do this, how many other brewers and distillers can….or do. Do we really need to grow corn? The more I read about this, the more waste products I see that can and are being used without committing large tracts of farm land and additional fresh water to it.

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: http://www.worldopenpanning.homestead.com/ .

Until next week……
___________________________________
If you find a broken link, please let us know
THE ARKANSAS RIVER is now opened TO MOTORIZED EQUIPMENT until October 1st.
_______________________________________
Good Prospecting to You,
Shirley Weilnau
http://www.hookedongold.com/
http://www.hookedongold2.com/ Metal Detectors at Auction
info@hookedongold.com contact us
PLEASE BE ADVISED: Ads that you might find on this blog or on a website using ads, may use cookies or other tracking means to track your movements on the web. These “cookies” are generally harmless and are easily removed by going into your computer’s control panel and deleting them, or you can also use a virus scan to look for them and delete them. The “track” is usually to tell the advertiser which website you came from, not to steal information from you or your computer.

HookedonGold Gazette

· Gold Spot Closing Price for Friday: $923.20 Market was not closed today until 3:30 p.m. MST. The newsletter is late waiting for the market to close.
· Spot price Jan. 25th: $907.90
______________________________________

Calendar of Events

FEBRUARY

TUCSON GEM, MINERAL, and FOSSIL SHOW – Tucson, Az.
13th GPOC Meeting 7:00 p.m. Colo. Springs
22nd – 24th Gem and Mineral Show Jefferson County Fairgrounds, Colo.

MARCH

9th Daylight Savings Time Begins in Colorado
12th GPOC General Meeting 7:00 p.m.
17th St. Patrick’s Day
20th First Day of Spring
21st Good Friday
23rd Easter
_______________________________________
NEWS

WOW! Have you been watching gold this week blow through the $30.00 a gram price only to sink below $895 and back today above $923? Much of it has been due to the ups and down of the dollar, but mine closures in South Africa last week have contributed.

News from our friends at the Tucson Show report higher sales in gold the first few days of the open than during the whole show last year! Why is gold more attractive this year at $900 than it was last year at $650? Oh, man do we hate that we are not there this next week.

Platinum has increased in price this month to $1870, an increase of some $400 an ounce since the first of the year.

DeBeers is in the news this last week having settled on complaints that they have been controlling and gouge pricing the consumer sine 1997. Read the article at http://articles.moneycentral.msn.com/SmartSpending/ConsumerActionGuide/BuyADiamondGetARefund.aspx .

The new site template is almost finished and is looking great. The photo albums will have a different look temporarily until a script can be developed for what I want. It will hold up publishing the new look, so we will put up a temporary fix until the other can be finished. Could be this next week!

Weather is HUGE here right now. Today almost all mountain roads are closed due to blowing snow and 70 to 80+ mph winds. Tonight is supposed to be worse. In addition, I25 is shut down from I70 north to 58th Avenue due to a water main blow out. It could be a week or more before all of that part is reopened. The HOV lanes are being used to get traffic through, and a couple of temporary lanes may be opened later today or tomorrow.

Something FUN going on in Denver starting next Friday is the Gold Show at the Denver Museum of Nature and Science. Hooked on Gold will join GPOC doing some panning demos for teachers on the 16th at the museum, so I am sure we will all get a chance to see the gold show while we are there. It will be similar to the show in Houston that their museum put on a couple of years ago. Sorry, but pictures are not allowed in the museum, so we aren’t going to be able to get any to you. Check out www.dmns.org for more info.

World Open Panning website has this year’s world wide gold panning competitions listed and they add more all the time. A great site to visit: www.worldopenpanning.homestead.com .

Until next week……
___________________________________
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.
_______________________________________
Good Prospecting to You,
Larry and Shirley Weilnau
www.hookedongold.com
http://www.thevideosense.com/user/MQS/ Prospecting Videos
www.hookedongold2.com Looking for metal detectors on e-Bay? Click here
info@hookedongold.com contact us

Hooked on Gold to get a new look

How do you like this picture for the new template header?



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,Cache Creek, and SNOW

Cache Creek last fall Just one of the pictures featured in the new 2008 calendar you can find at the hookedongold cafe press store A Fabulous Gift for that Prospector you know


Waiting for the feds to decide our interest rate fate. In the mean time, gold is back at $810 this morning, after a short rally yesterday before falling back near $800. SNOW and cold is wrapping the mile high city in a black and grey scene after a weekend of freezing temps. We are looking forward to some sunnier skies tomorrow and the rest of the week, even if it is more than chilly outside. The mountains are blanketed in up to 8 feet of new snow with more on the way. I guess our November snow decided to fall in December.

And what of GOLD? Well, even though it is winter here in Colorado, plans for next year's prospecting season do go on. The BLM is beginning their plans for Cache Creek in 08, with road improvements a possibility. Those who are hoping for a facility of some type instead of the woods for relief, will find that they should probably plan on bringing their own facilities, as it will be required of all campers, as well as metal fire boxes for your campfire. New restrictions on the number of days you will be allowed to prospect the area with a high banker will be imposed as well, and even though you may balk at the idea, according to the outlines of the agreements on using the funds that were used to purchase this tract of land, the alternative is to close the area to prospecting altogether. MINING the area cannot be allowed. Those who stayed this past summer and mined the area for weeks and more than a month at a time will not be allowed to do so next year. AND the BLM is planning on frequent visits to insure compliance. Please remember that a few years ago this area was not accessible to you at all, and we believe the restrictions are reasonable considering the alternatives. I should add here that the recreational prospecting limitations will pertain to high banking and not hand tool or metal detecting usage at this time. Camping restrictions will apply to all. Camping is not going to be allowed in the parking lot, but there is AMPLE room to do that close to the parking lot. This restriction will free up the parking lot to day use, which it will be restricted to and is its' intent. We would welcome comments on these issues, as the BLM would like additional input. We are in contact with the BLM on Arkansas River prospecting on a regular basis, and can answer some of your questions as well as inform BLM of your concerns.