Gold futures settle at 15-week high
Today, April gold futures climbed $14.10, or 1.3%, to trade at $1,141.30 an ounce. Many believe that if stock market volatility continues investors are likely to continue to move some of their portfolios into gold for safety factors.
Also, the silver futures for April climbed 44 ½ cents per ounce, to close at $14.73 per ounce.
It’s interesting that while the stock market has had one of its worst starts for the new year that I can remember, the gold price seems to have been steadily climbing upward. But, then again, gold seems to do best in times of stock market stress. This inverse relationship seems to be fueled by the worry of economic uncertainty. Read more
Open-Pit Gold Mine
Good views of a large open-pit gold mine operation taken by an aerial drone. This open pit gold mining is going on in New Zealand.
Similar to the California gold rush, New Zealand at its largest gold rush in the 1860s. Actually, it said that a lot of veteran California gold prospectors also headed out to this New Zealand gold rush. Read more
California gold prospecting UAV
Using my Yuneec Q500 G (with a GoPro Hero4 4k camera) on a California gold prospecting trip.
Cargo Muchacho Mountains gold prospecting with a UAV (drone)
Using my Yuneec Q500 G model (you can, & I have, attached my GoPro Hero4 camera) on a California gold prospecting trip to the Cargo Muchacho Mountains located in the southeast Colorado Desert in the Lower Colorado River Valley, in Imperial County, California in the United States. Read more
California Gold Mine
California Gold Mine in the Cargo Muchacho Mountains in the southeastern area of California, not far from Yuma AZ.
We come across a steel cable running high up a canyon and decide to follow it to an old California gold mine.
The hike up the canyon took about an hour. All the good gold ore had been removed, but, we did take a few interesting quartz pieces for future examination. Read more
California Gold Mining
Video of gold mining at the Cargo Muchacho mountains by Gold drywashing.
California gold mining – dry washing.
Dry washing is the most popular way for desert gold prospecting. In this video we are in the Cargo Muchacho Mountains near the American Girl Gold Mine. Read more
Gold Drywashing Arizona
Gold Drywashing a gully in Arizona with the Keene 151 .. In just 2 days we found 17 + grams of gold. Some of the gold you will see in the riffle tray… It was really, really hot !! We re ran the tailings and didn’t see any gold….good to go!
Gold placers, or deposits such as gravel and sand which contain notable concentrations of gold, all result from the slow milling
and concentration processes incident to natural erosion of pre-existing gold-bearing rocks. Read more