Arizona gold nugget prospecting
Gold mining in Arizona reportedly began in 1774 when Spanish priest Manuel Lopez directed Papago Indians to wash gold from gravel on the flanks of the Quijotoa Mountains, Pima County. Gold mining continued there until 1849, when the Mexican miners were lured away by the California Gold Rush.
From the latest weather forecast it seems certain that Southern California and Arizona is in for major rains this winter. If you’re into gold prospecting, you should keep in mind that thunderstorms and major rain in the desert areas moves a lot of dirt. So, now gold nuggets that may have been buried down eight or 10 inches in the ground could be much closer to the surface after dry washes fill with water and a lot of topsoil is moved downstream. Read more
Spot gold drop – below $1,100 a ounce.
With the large drop in the spot price of gold yesterday, many insiders believed, or hoped, that there would be a significant bounce back in the price at the start of gold trading this morning.
But, alas, sometimes reality does not accommodate wishful thinking.
So far this morning, the spot gold price has broken through the $1,100 per ounce many believed would be a bottom in this long decline in gold. As I’m writing this, you can see from the gold spot price chart above, gold is currently at $1093.48 an ounce. Read more
GOLD PRICE CORRECTION
GOLD PRICE Due a 50% CORRECTION in 2015.
Jim Rogers talks about the gold price correction.
A strong US dollar with all this talk of interest-rate hikes likely contributing to gold’s seeming change of purpose of late with the three-month downtrend intact.
A fall in global gold prices to eight-month lows this week failed to boost demand in top consumers China and India as would-be buyers anticipate further declines on the back of a strengthing US dollar. Read more
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/
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