Archives Closed - New Forums 10/16/2017The old archive system has been closed and the threads moved to new forums. See the full forum listing here. Detailed explanation here.
By Steve Herschbach
Gold has been pretty steady in the $1200 - $1300 range for around three years now. It seems to have set a strong floor in that range. Now Citigroup is calling for gradually rising average prices going forward. http://blogs.barrons.com/stockstowatchtoday/2015/02/09/gold-miners-cheap-oil-strong-dollar-boon-for-newmont-mining-barrick-gold/?mod=yahoobarrons&ru=yahoo
"We remain positive on our gold coverage with Citi’s Commodity team expecting gold to average $1239/oz in 2015, $1260 in 2016 and $1340 in 2017."
Actually looks like a reasonable and sensible forecast for once instead of all the hype about $3000 gold or $500 gold.
Hi all, some of you have known me for many years as Mlgdave, owner of Goldbay.com and now I also own The Colorado Quartz Gold mine in California and ramping back up to run and mine 140 and 180 feet underground. This week me and my partner worked an old stope and found and extracted a killer piece! (more to come)
I am living at the mine full time and should have some good stories and finds for you guys over the next few months/years
What Happened to the Gold Price in 1980?
"In January 1980 gold hit a record 850 US dollars an ounce. After reaching those dizzy heights it then plummeted down and remained steady in the 300-400 dollar range for some years before starting to climb again to new levels.
Now gold has broken through the 900 dollars an ounce gold barrier and some investors and analysts are wondering, is this going to be a repeat of the 1980 gold spike?
In fact, there are many differences between the 1980 spike in the gold price and the current rise in gold value, not the least of which is the longer term trend currently occurring. In 1980 gold basically shot up like a bullet out of a gun and then, like a bullet, slowed down and returned to earth."
Read the rest of the article at gold price.org
By Steve Herschbach
VERMOGNO DI ZUBIENA, Italy — Italy may not be the first place that leaps to mind when you hear the words gold rush.
But for thousands of years this neck of the northern Piedmont region, what some call Italy’s Klondike, has attracted prospectors seeking gold flowing down the Elvo River from deposits left eons ago by receding Alpine glaciers.
Gold rushes in the area have ebbed and flowed over the centuries, but they have seen a revival in recent, recession-hit years. Increasing numbers of people have been contacting local gold-seeking associations hoping to get rich quick.
Rest of the story..... https://www.nytimes.com/2017/06/28/world/europe/italy-gold-rush.html?_r=0
Sample of the Golden Times, magazine of the World Goldpanning Association.
for some who did not see it here is:
its bigger then Texas
Hope you enjoy watching.