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28
Mar

Spot Gold Market

Spot Gold Market

California gold nugget    spot gold market

California gold nugget

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 »

19
Mar

Arizona Gold Prospecting

 Arizona Gold Prospecting

Two guys prospecting (drywashing & metal detecting) for 4 days in the southern Arizona desert. The video picks it up at the end of the last day… 27.5 Grams total !! 18+ grams of gold is what you see in the drywasher, plus, 9+ grams were in my friends hand from metal detecting.

 More on Arizona gold prospecting:

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13
Mar

Australian Gold Nuggets

Australian Gold Nuggets

Matt is a professional gold prospector with over 35 years experience in Western Australia. In this short video he describes his recent experience of using the Garrett ATX and shows you some of the large gold nuggets he has found in the period of just a few days in 2014.

Read more »

8
Mar

Gold Prospecting

Gold Prospecting Arizona

Gold Prospecting in western ARIZONA

This year we started using a ATV for gold prospecting in western Arizona. Now, we’re really able to get to very remote sites that can only be accessed by ATV or off-road motorcycle.

This video was taken in Arizona around the Quartzite Arizona BLM lands. Read more »

6
Mar

Gold Prices

Gold Prices Post Biggest Drop in More Than a Year – Wall Street Journal

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 …

Read more …

Gold price hits three-month low

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/

Read more …

 

 

Gold Prices

6
Mar

2015 gold price forecast

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 »

22
Feb

Gold Metal Detecting

Gold Metal Detecting

259g gold specimen found metal detecting with a Minelab GPX4500 and a 17″x11″ mono coil.

 

This gold specimen was found at about 15 to 18 inches deep, Very faint signal at first before going to get the video which was about a kilometre away at camp. No old holes anywhere and I suspect a nearby reef or gold source, someone will find it one day. Read more »

20
Feb

Spot Gold Price

Spot Gold Price Movements

Arizona gold - Spot Gold PriceToday the New York spot price of gold closed at $1202 an ounce. The rationale behind the drop in gold today seems to be the eminent settlement of the Greek euro bailout.

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 »

14
Feb

Gold Nugget Dredging Oregon

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 »

5
Feb

California Gold Detecting

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.

 

 

 

California Gold Detecting