Glenn

I read an interesting article a while back in which the author stated that the value of gold is the constant against which all the paper fiat currencies are priced, so in actuality the gold is not changing in value it is the strength of the money that is changing value. Kind of a different way to view it. If the dollar is gaining strength in this crappy economy we have going, it must be because the rest of the world is tanking or the dollar is being artificially propped up. Makes you wonder, but I am heading to the goldfields in two weeks so I will leave that subject to the academics and I will get to what I love best, running my 4500.

I have had their stock on my watch list for quite a while now, it is trading extremely low, I have been watching the news for anything to make gold move, when it happens all the gold stocks are so low right now they could all be good buys. I have made money on harmony gold , it is in a similar pattern. I am just not sure if gold has bottomed out yet, it is sitting on a critical support number, if it falls through it, the bottom may be a ways off, if it bounces up who knows how far it will go, the next few weeks will clear everything up, October is a notorious month for financial disasters.

I tried to get approval from blm to take a backhoe unto some of our claims to do a little sampling and the out and out arrogance and threats of all the fines they could hit me with caused me to really wonder why we pay these people to watch over our land, they make it almost impossible to work a claim, and I understand that in the past there where abuses committed by some people but it would be nice to have an agency try to work with you instead of against you. I had a state trust claim and the people at that agency actually wanted you to mine, I was amazed at how helpful they were.

I have a lot of new prospectors ask me about filing claims in new areas where they have hit some gold, and I always warn them that the minute you file a claim in a new area you have just alerted everyone that follows the lr2000 that you have found something and you draw attention to your area, better to work it hard and not claim it unless you have stumbled on something worth filing. Most of the times you can get the best of the pickings in a few trips and then the area becomes marginal, I have a few areas that I have hit for years and I purposely won't file on them, they are just nice playgrounds for me and I don't have to watch over them. When gold was up higher everything was getting claimed, it has calmed down a bit now.

I sold a lot of my gold when it was nearing 2000 because that was an obvious resistance level, 1200 seems to be the new support level, I keep reading that it will drop below 1000, but I just don't see that, if it should I would be buying everything I could get my hands on, I think the price is controlled to a large extent, but sooner or later gold will break free and shoot toward that magic 2000 number again, if it breaks through that level we could see some dangerous times in the goldfields with all the idiots coming back out

Hey congratulations on the finds, on the subject of desert boots I would recommend the converse non metal desert tan 8" after 12years of prospecting in the Arizona desert I can truly say I have tried every brand and style I can think of but the converse is the only one I wear, I have found that it does not matter how good of shape you are in, when the feet give out you are done, I can put a pair of boots through the torture test, so when I found a pair of boots that can keep up with me I keep going back to them. Just my opinion, but they have never disappointed me.

Great job Steve, seeing those tiling piles reminds me of Moore Creek, I should be back in arizona about the end of October, I have a few long distance areas I have been wanting to hit for years, I would certainly enjoy having you along on the hunts, Dennis will be along and maybe Rich .