Gold Prospecting Drone
An aerial drone is the latest Hi-tech tool in the search for gold!
In this video I use the DJI Phantom 2 Vision+ aerial drone for assisting in locating good areas to prospect for gold. I use a this quad copter, but there are also much larger six and eight engine models. Larger drones are able to lift heavier loads and as some professional photographers want to use their single lens reflex cameras, they require a larger model. Read more
Gold Prospecting – December site
For December 2014 we had over 21,800 unique visitors to the site!
Now, we’re not talking about hits here were talking about, usually real people visiting the site. Whether you’re using the computer smart phone or tablet, one on the Internet your device has a unique IP address. Our site counts the number of visits based on this IP address in a 24-hour period. Read more
Gold Predictions 2015
Well, let’s face it, no one can really predict with any accuracy where the spot gold price will be by the end of 2015. Now, with that said, there is still some value with the predictions for the spot gold price in 2015 that are made by the insiders.
Who are these insiders? Well, in my opinion they are the commodity traders, commodity analyst and major banks.
Below I have listed some of the predictions for the gold price in 2015:
Commerzbank – first half of 2015 . A slight downward trend to a possible $1125. Second half of 2015. An upward trend with a predicted $1250 possible price. Also, that even when out on a limb here and predicted there 2016 gold price of $1300.
ABN AMRO Bank – this bank is predicting a further decline in the spot gold price for 2015. They feel it may even fit $925 an ounce.
The World Bank – this bank is predicting continuing erosion of the spot gold price with a predicted price of $1240 for 2015.
Goldman Sachs – is looking for a possible spot gold price of $1200 in 2015
HSBC – the chief precious metals analyst here is looking for a possible $1675 in 2015.
Citi Research – is looking for an average gold price of $1220 for 2015.
CREDIT SUISSE – this firm’s technical analysis team believes that the spot gold price could fall to $950 by the end of 2015.
RBC analyst Stephen Walker – is looking for a target gold price in 2015 of $1300 per ounce.
JP Morgan – is looking for a gold price of $1,220 in 2015.
Reuters over the last month returned an average gold price forecast of $1,225 an ounce for next year.
Reuters Poll – in October 2014 poll of 30 analyst, Reuters said that the consensus forecast was for a average gold price of $1225 and 2015.
Gold Predictions 2015
California Gold Prospecting Hazards
Unexpected hazards when gold nugget prospecting in Twentynine Palms, California.
This was on a gold prospecting clubs claim in the 29 Palms area of California. California gold nugget prospecting can be a lot of fun but one should always be prepared for unexpected hazards when out in very remote areas.
The number one suggestion when gold prospecting would be to always go with a couple of other prospectors. The second suggestion would be to have plenty of water and basic emergency first aid kit. Read more
Swiss Gold Initiative – Peter Schiff
Peter responds to the results of the “Save Our Swiss Gold” initiative this past weekend. He explains why he thinks it is bullish for gold and might have even marked the metal’s bottom.
It’s not too surprising that the Swiss rejected the plan, with all political parties indulging in massive propaganda and scare tactics. The Swiss were repeatedly told that a strong franc would kill their exports, and thus, their entire economy. Politicians love to paint the export sector as being the only worthwhile sector of an economy, since that justifies printing money with abandon. What the vote does show is that around 20% of voters have an independent mind while 80% are born to be manipulated all their life and to obey all orders without questions. Read more
Columbia’s Gold Rush
Very good documentary on how illegal gold mining in Columbia is being used by rebels to fund their war against the government.
Illegal gold mining is the driving factor behind a raft of problems in Columbia… it pits citizens against one another and against the miners, results in an economic shortfall for the government and deprives citizens of a possible source of income. Most importantly, it could have a negative impact on peace and social cohesion. Read more
Gold Price Jumps
As I’m writing this the New York spot gold price has jumped up by $12.40 per ounce to $1203.30 per ounce! in my November 18th. post, I made the case for a possible spot gold price bottom. today, on a number of commodity trading sites, traders seem to be a knowledge and that the gold and precious metals market may be oversold. Though far from a consensus,it would seem that the European quantitative easing measures have resulted in a stronger dollar, as well as modest upward movement in the precious metals and gold market. Read more
Gold Spot Price
The spot gold price peaked in the summer of 2011 at around $1,900 an ounce, than the gold spot price fell almost 40% to around $1,200 at the start of 2014. now, a number of precious metal commodity players think there’s a good possibility that gold may have put in the bottom, just under $1200 per troy ounce!
As I’m writing this post,as you can see from the chart above, gold looks like it’s going to jump over $13 per ounce. so, with the spot gold price at multi-year lows, the good basing action on the charts could be an indication that a real bottom is forming or has already been set. Read more
In a just released report it was shown that Russian government has been stockpiling gold. This report shows Russian central bank accounted for more than half of the gold purchased by central banks in the three months ending with September!
Year to date, Russia has increased its total gold holdings by 25%, and now, the Russian gold reserve is the fifth largest in the world! Also, for the past decade the Russian central bank has tripled it’s amount of the yellow precious metal!
Buying gold during economic hard times is not, to be sure, a new concept. In the current recession, it’s a strategy that has been embraced by many mainstream investors.
So-called fiat currencies, like the dollar, are backed only by the promises of the government that issues them. “The alternative to fiat currencies is gold,” notes Edward Yardeni, an economist and chief of Yardeni Research. Read more