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4
Feb

Gold futures settle at 15-week high

Gold futures settle at 15-week high

gold bars m- gold futures

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 »

1
Feb

Open-Pit Gold Mine Drone Video

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 »

25
Jan

8 Ounce Gold Specimen

Large gold specimen found metal detecting

This gold specimen was at about 15 to 18 inches deep. Very faint signal at first, but than . . .

Always cool to show off the great Aussie Outback, really glad you enjoyed it. The detector is the Minelab GPX4500 with a 17 Inch elliptical mono coil.

A few years back the GPX 4500 was a top-of-the-line gold detector further the mind map company. Currently, the new top-of-the-line metal detector for mind Lab, and perhaps not only the best gold detector in the world but also the most expensive, is there GPZ 7000 which currently sells for $10,000!

Read more »

10
Jan

California gold prospecting UAV

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 »

6
Jan

2016 Gold Outlook

2016 Gold Outlook

Peter, be careful bringing out the champagne bottles too early on gold. Since 2012 gold has started the year going up significantly.

Here is what some others are saying for the 2016 outlook for gold:

Gold will finally carve out a base and bottom in the $950 to $1,050 range. The gold price will show a high level of volatility and ultimately close out 2016 with a gain of 20% or more. The silver price will follow gold, with a higher level of volatility in both directions. Precious metals will likely get dragged down initially in any economic crisis, but the monetary will bounce back quickly and re-assert themselves as true safe haven assets. With such a small level of investor participation in gold and silver currently, it will not take much a shift of funds into this relatively tiny market to move the prices significantly higher. Read more »

24
Dec

HAPPY HOLIDAYS

HAPPY HOLIDAYS

Happy Holidays GOLD

 

gold nugget

Golden Holidays

20
Dec

Gold Rush star makes millions mining

Gold Rush star

Parker Schnabel on his goal of earning over $2.5 million this season.

The plant he bought, yes, it would be great to know what his running costs were. Parker did mention a $900,000.00 fuel bill. Read more »

17
Dec

California Gold Mine

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 »

16
Dec

California Gold Mining

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 »

14
Dec

Gold Drywashing

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 »