Spot Gold Market
March 26, 2015, marked the seven trading day in a row that the spot price of gold has advanced.. One major commodity analyst said that the gold price chart looks like it put in a technical double bottom. This type of chart pattern usually indicates that a solid bottom has been put in. And there’s a high probability of continued strong upward momentum. Read more
http://news.google.com Fri, 06 Mar 2015 19:44:56 GMT
CNBCGold Prices Post Biggest Drop in More Than a YearWall Street JournalGold prices saw their sharpest drop in more than a year Friday, after data showing strong U.S. job growth last month bolstered the case for the Federal Reserve to raise interest rates around the middle of 2015. Gold for April delivery, the most …Gold Futures Fall as U.S. Adds More Jobs Than ForecastBloombergPRECIOUS-Gold falls below $1200/oz after rising on ECB forecastsReutersGold hovers near 12, set for weakly dipCNBCBul …
http://www.businessspectator.com.au/news/2014/9/10/commodities/gold-price-hits-three-month-low Precious metal finds little support as US dollar makes upward move.
Gold Price Dips On Better Than Expected Jobs Report http://www.gocoins.com/news/2015-03-06-gold-price-dips-on-better-than-expected-jobs-report/
2015 gold price forecast
Yesterday, the gold spot price closed under $1,200, today as I write, the N.Y. gold spot price is down $33 to $1,165 an ounce!
Will the down trend in the price of gold keep falling or is the gold spot price near a major bottom? These are question you will have to decide for yourself.
After a decade long powerful gold rally we’ve witnessed an unrelenting decline in the spot price of gold from its high of $1,826 per ounce. Many experts (including Goldman Sachs) feel that the gold spot price will drop further. Read more
Spot Gold Price Movements
After 13 years of extraordinary price increases, in 2013, gold took a big reversal in price. Yes, in 2013 the gold spot price dropped approximately 28%! Read more
Gold prospecting on the Rogue River in Oregon!
First part of the video is a live nugget capture off bedrock. The miner found some black hard pack under 3 feet of material. It is black because there is so much black iron rocks in it – heavy stuff, iron and gold!
The last I heard was that now dredging is not allowed. The Oregon State law prohibits all motorized dredging within the Rogue River corridor between the mouth of the Applegate River to Lobster Creek. All Oregon State Scenic Waterways are now closed to motorized dredging. Read more
California Gold Detecting
Using metal detectors to locate gold nuggets.
Whether you are a hobbyist prospector or a serious practitioner of gold detecting, getting a dedicated gold detector will make your job that much easier than a basic metal detector. And with more treasure hunters taking up this hobby, the stakes have risen with some finds valued at tens of thousands of dollars. Prospecting equipment manufacturers continue to release more and more advanced and expensive gold detectors
Why not use normal metal detectors? Gold, for one, has a different level of conductivity than other metals. Gold detectors look for specific properties that distinguish gold from other metals, and this greatly reduces the level of false alarms.
There are two main detection technologies utilized by gold detectors, depending on the treasure you seek. There are number of gold detectors in the market from a few hundred dollars to over $5,000 for the top of the line Minelab detector.
Some people are purchasing metal detectors for general-purpose search activities. You should keep in mind that each metal detector has its unique features and not all the metal detectors available are good for the beginners or different types of soil. Many people purchase inexpensive metal detector models, which are really just toys and are not good choice for real gold detecting. Your first major decision comes when choosing the right metal detector for your area and budget. Yes, deciding on a good metal detector that meets your detecting needs is not an easy job.
Your second major decision in gold prospecting is deciding on the best location for finding gold nuggets. You should take a trip down to your local Bureau of Land Management or Forest Service headquarters. Purchase copies of maps on the areas you are interested in gold detecting. BLM and Forest Service maps will show open mineral collecting areas, active mining claims, private property lines and abandoned gold mines. Many areas are closed to gold detecting, have active gold claims or may be private lands. Before getting into trouble, a good idea is to join a local gold prospecting club and start out on their member claims.
Lastly, there can be a number of life threatening situations encountered when gold prospecting in remote areas. So, it is imperative that you are not only prepared for contingencies that can happen when out prospecting, but you should never go to remote areas without a partner. When prospecting in California on a club claim in 29 Palms, I encountered a number of hazards that many do not consider before heading out for a California gold nugget prospecting trip.