Gold Outlook 2018
A good take on spot gold price trading range for 2018.
Gold investors might not see a sustained rally for a long time as the metal is far from being out of the woods and may potentially retest lows of $1,050 an ounce, according to John LaForge, head of real asset strategy for Wells Fargo. “On a secular basis, commodities go through periods of 20-year bear markets on average – we get stuck in the year-to-year but the history of commodity super cycles is we still have some time to work off supply – in the case of gold, you are looking at lots of supply,” said LaForge, listing one of the fundamental reasons the price may remain under pressure. Read more
The spot gold price and the dollar
Gold Price and the Dollar . . . This past week the dollar moved up in the spot gold price move down, actually, it was the worst week for gold prices since July! This past Friday, the February gold futures price was down 2 1/2% from the prior week to $1249.50 per ounce!
Yes, the spot gold price has now declined for three consecutive weeks in a row, and is now around its lowest price since late July. many gold analyst believe that the US Federal Reserve is going to hike interest rates at their next meeting. any time US interest rates increase, the gold price usually declines against the dollar.
It seems now that many gold analyst are certain that a Federal Reserve rate hike is going to occur next week. It’s this outlook for an eminent US interest rate increase, that has pretty much been the major catalyst for the lackluster performance of the gold price over the last few weeks. now, many gold analyst are looking to 2018 for indications of where the spot gold price may be headed in the new year. Read more
Invest in Gold
Most nuggets have already been discovered and even the largest in the past, have been melted down…
Pure gold is virtually non-existent in nature. High quality native colors are 22-23Kt (roughly 91-96%) pure. And by far most gold was formed in particles so small that they can’t be seen by the human eye, and most gold was formed as non-free milling, which means it is chemically bonded will will will
with other minerals…like sugar dissolved in water: it’s there but you can’t pick it out. Read more
San Diego’s Abandoned Gold Mine North Star Mine
There aren’t too many mines left in the mountains east of San Diego that I haven’t yet explored and documented. The North Star Mine was on that list of unexplored mines until yesterday when we set out to find and explore it. The mine’s entrance is severely eroded which requires explorers to enter the mine on their stomachs for about 35 feet. After that, the tunnel opens up nicely and heads straight into the mountain. In the back, the tunnel splits into three short tunnels. Two of these side tunnels seemed to end at collapsed vertical shafts which we located outside the mine higher on the mountain. Read more
Gold dredging – – Gold dredges are an important tool of gold miners around the world.They allow profitable mining at relatively low operational costs. Even though the concept is simple in principle, dredges can be engineered in different ways allowing to catch different sizes of gold specimen. Hence the efficiency of gold dredges differs greatly depending on its specifications.
We took our dredges and equipment to our claim where we spent a couple days camping, eating well, relaxing & finding the gold.
We were happy with our take and especially since that nice picker showed up in the blue miners moss.
Thanks for watching and allowing me to share my hobby with you.
Prior to considering any Recreational Mining in Idaho be sure to check with all State & Federal agencies to ensure that you have the proper permits. Below is some information that was obtained fromthe Idaho Department of water resources. But, keep in mind that rules and regulations are change all the time, and it is incumbent upon you, the recreational minor to be sure that you are in compliance prior to any type of recreational gold mining in Idaho. Read more
Colorado Gem prospecting
We met a fellow prospector last year at a gem show, who offered us a chance to go dig on his undisclosed crystal claim. (Due to a rash of “High-graders” and irresponsible hikers) We happily exchanged our time and labor to get his spot, “Up to snuff.” in time for the opening of this season and, for a chance to dig in one of his harder to reach digs. He said the digs were sweet but on the far corner of his claim, and only Smokey’s and Fluorite were there….What we find surprises us all.
From Wikipedia, the free encyclopedia:
There are seven major collecting areas within the Pikes Peak granite. All of the collecting areas have the same basic assemblage minerals, predominately consisting of smoky quartz crystals and amazonite, with topaz, phenakite and other rarer minerals in certain areas. Although most collecting areas have this same basic assortment of minerals, each area is distinctive and tends to feature certain minerals over others.
The collecting area, starting from the southern-most localities, include: Read more
Arizona Gold Dredging
American Mining Rights Association – AMRA gold dredging the Hassyampa River in Arizona.
The Hassayampa River was most actively worked between 1885 and 1890. there is reportedly an old timer saying about prospecting on the Hassyampa River that goes like:
“If ya wash yer face in the Hassayampa River ya can pan four ounces of gold dust from yer whiskers.”
Well, when it comes to prospectors exaggerating about gold, it’s similar to fishermen exaggerating about the one that got away. but, the truth is there was and still is quite a lot of gold in Arizona. Read more
Happy 4th of July
Happy 4th of July
Mother Lode Gold Veins
Gold may occur as deposits called lodes, or veins, in fractured rock. It may also be dispersed within Earth’s crust. Most lode deposits form when heated fluids circulate through gold-bearing rocks, picking up gold and concentrating it in new locations in the crust. Chemical differences in the fluids and the rocks, as well as physical differences in the rocks, create many different types of lode deposits.
Revered for its aesthetic and metallurgical properties for thousands of years, gold is still one of the most sought after precious metals. There’s no question gold has played a unique role for humanity, for better or for worse. Today, we’ll explore the fascinating science behind the origin of gold atoms and some theories that seek to explain how the prized element got to where it is today, here on Earth.
Why Gold is important
From what are now Israeli hills during the Copper Age to the Bulgarian Varna Necropolis in the 4th Read more