Source: Discount travel
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Living in Utah and the desert southwest for over 25 years was an awesome experience. I was able to hunt many Ghost towns, Prospect in the rockies, Treasure hunt old battle sites from the mid-late 1800’s. I even metal detected a movie site for the “Conqueror” starring John Wayne. I have searched for treasure from Spanish expeditions on the Dominguez escalante trail… didn’t find much on this dangerous trail.. I guess I am not that great of a Goonie. lol..
I can’t even tell you my favorite memory, or a favorite find, just stories upon stories of finding junk, coins, buttons, bullets, tokens, gold and more. I have found petroglyphs and signatures at an old waterhole by old Fort Pearce a couple miles from the Arizona strip district. I have also traveled parts of the old Mormon honeymoon trail and old bottles are still lying in the brush along the way.
I am now in Oklahoma and don’t even know where to start! There aren’t many treasure tales or ghost towns. There weren’t many outposts here, This is not the desert that I am used to.
I have not detected a house in 10 years because it isn’t the challenge that I am used to, sure, finding coins is fun. It’s just not anything like riding days on horseback to an an area so remote that it is possible that the last visitor could of been decades ago.
I think I miss home and am ready for my next treasure adventure.
Source: Diggerzone forums
If you like American history check this out! We have Ghost towns and a ton of other cool stuff. Ghost town forums . Pictures and stories.. Join our forums and contribute, or just visit and check out the great content. http://diggerzone.boardhost.com/viewforum.php?id=44
Will Gold Prices Finally Pull Back or Continue Marching Ahead?
Gold prices are up more than 11% since bottoming last December. Their gains last week took the gold market right up to its 50-week moving average. In 2015, attempted rallies reversed at the 50-week moving average. Could this level once again serve as a barrier to further price advances?
Either way, long-term gold bulls shouldn’t sweat this particular technical level. Major bull markets need to pull back and reconsolidate periodically.
Whether that starts happening this week, or later on at higher price levels, a downturn of some magnitude is inevitable.
One indicator that may be pointing toward a pullback sooner rather than later is the negative divergence in gold mining stocks which are often leading indicators for the yellow metal.
Despite gold spot prices rallying along with the broader U.S. equity market last week, the HUI Gold BUGS (Basket of Unhedged Gold Stocks) Index fell by 3.8%. That suggests that some big institutional speculators are turning bearish on gold near term.
If you’re looking to accumulate bullion, a pullback should be welcomed as an opportunity to get in at lower levels. Long-term bulls will not want to see anything as severe as the drawdown that occurred in the second half of 2016, however. They will be looking for any coming correction to bottom out above the $1,125/oz low hit in December.
Higher highs and higher lows characterize a major bull market. The December 2016 low was a higher low than the one from 2015. A higher high will occur when gold prices can move above $1,375. At that point, the public might start taking notice of precious metals markets – which so far this year have been overshadowed by the series of record highs in the U.S. stock market.
President Donald Trump has taken credit for the rally in stocks. His vows to cut taxes and regulations have, no doubt, driven buying by investors.
Over the weekend, Trump sent out this tweet: “Great optimism for future of U.S. business, AND JOBS, with the DOW having an 11th straight record close. Big tax & regulation cuts coming!”
Trump also wants a weaker dollar to help boost U.S. manufacturing. That could put him in conflict with the Janet Yellen Fed if it moves to raise interest rates.
Trump will have the opportunity to appoint multiple new members to the Federal Reserve Board. It’s one of the reasons why top financial and geopolitical analyst Jim Rickards is so bullish on gold.
“If Trump follows through on the logic of the cheaper dollar, he’s going to appoint doves to the Board. The market’s going to get the signal immediately and the price of gold is going to soar,” Rickards said in a recent Money Metals podcast interview. “We’ve got some very short run headwinds, maybe between now and April, but for certainly the second half, even the last three quarters of the year, I’m extremely bullish on gold.”
There will be some bumps along the way. But those who hang on tight for the ride in gold and silver markets stand to be rewarded.
Source: Diggerzone Metals