Wednesday, November 10, 2010

11/10/10 Report - Shipwreck Artifacts for Sale and Big Seas Predicted



Collection of Shipwreck Spikes and Artifacts for Sale on EBay.

An interesting grouping of the type of thing that could be found recently around the Treasure Coast. The seller lists a Treasure Coast location and says the items were found near a 1715 Fleet site near Vero.

The Coast Guard has a web site that gives information on researching shipwrecks. You might want to check it out.

http://www.uscg.mil/history/WEBSHIPWRECKS/SHIPWRECKGUIDE.asp

Common stock of Odyssey Marine (symbol OMEX) has increased nicely lately, hitting above $2 per share. That is a nice increase, although I wouldn't necessarily expect much more in the near future.

You've probably heard of their work on the HMS Victory, as well as their work on some Spanish galleons. You might not know the variety or extent of their projects though.

Here is a detailed report from June 2010.

http://www.gurufocus.com/news.php?id=111914

You might want to take particular note of the expenses involved in an operation like this.

A couple of days ago, there was a spot where what looks like very old shipwreck wood with some badly corroded spikes and hardware attached was washing up on the beach. Like I always say, "Keep you eyes open when you metal detect."

Forecast and Conditions.

Conditions have deteriorated a little. I'm dropping my beach conditions rating back to a 1 (poor) for now even though you might be able to scratch around and find something.

The big news now is the 8 foot seas that are predicted for Saturday. Before Friday, the predictions were decreased. That makes me wonder if we won't see the all too common decrease in the predicted seas for this weekend. I hope not. It sure would be good to see eight foot seas. And it will take every bit of that to move the sand off the front of the beaches. And also, hopefully the north winds will continue.

I'm getting very tired of waiting for something really good to happen. It has been a long time since I've been able to rate the conditions as being worthy of a four rating. I think it has been about two years since the last real good conditions.

Here's hoping.

Happy Hunting,
TreasureGuide@comcast.net