Gold Up -- For How Long & How High?
The news is that gold hit an 18 year high for last week. It finished up about $16 at $485.20. Many are predicting gold to at least $500 by years end. Once again, I have no accurate crystal ball, but it does appear likely since gold is up against virtually all major currencies. For a time, it appeared that gold would only follow the dollar, so this is a welcomed change.
For about ten weeks now, DROOY (DRD Gold Ltd Adr) has been trading in a range of about $1.24 to $1.45. This has provided an opportunity to purchase below $1.30 and sell above $1.40 for nice profit since one can easily deal in thousands of shares. My last sell order was put in at a trailing stop of 10% and the actual selling price has moved up accordingly. I have only put a sell on a portion of my holdings. We will have to follow the market price for a time to define a new higher trading range and purchase price.
This is the week of Thanksgiving. Since George Washington's proclamation, Thanksgiving has lost almost all of its true meaning to most people. At that time, it was meant as a time for giving thanks to Almighty God for His blessings on the new nation. Today, it is a time for family gatherings and over eating. However, we, as Christians can have the joyous time of Godly family gatherings with the purpose of showing gratitude to God for the blessings we have received during the year.
God's basic unit of society is the family. When God ordained marriage between a man and woman in the Garden of Eden, He established this unit. We should all be thankful to Him for this blessing. Families are very important in God's eye and must be in ours. Families were ordained by God for the man and the woman to enjoy one another and to build a family to the glory of God.
Rejoice as you meet together as families. Share the blessings each has received from God to give Him the glory. As Pr. 21:31 says, "The horse is prepared for the day of battle, but safety is of the Lord." This means that we must not be slack in doing our part, but must fully recognize that it is God Who gives the safety, the results, the victory, or defeat for our good. Always, give Him the thanks and glory!
I will be out of pocket for most of the week, but will be back in the saddle next week end.
Have a safe and worshipful Thanksgiving for rejoicing and giving the glory to god.
Best to each, Doug
For about ten weeks now, DROOY (DRD Gold Ltd Adr) has been trading in a range of about $1.24 to $1.45. This has provided an opportunity to purchase below $1.30 and sell above $1.40 for nice profit since one can easily deal in thousands of shares. My last sell order was put in at a trailing stop of 10% and the actual selling price has moved up accordingly. I have only put a sell on a portion of my holdings. We will have to follow the market price for a time to define a new higher trading range and purchase price.
This is the week of Thanksgiving. Since George Washington's proclamation, Thanksgiving has lost almost all of its true meaning to most people. At that time, it was meant as a time for giving thanks to Almighty God for His blessings on the new nation. Today, it is a time for family gatherings and over eating. However, we, as Christians can have the joyous time of Godly family gatherings with the purpose of showing gratitude to God for the blessings we have received during the year.
God's basic unit of society is the family. When God ordained marriage between a man and woman in the Garden of Eden, He established this unit. We should all be thankful to Him for this blessing. Families are very important in God's eye and must be in ours. Families were ordained by God for the man and the woman to enjoy one another and to build a family to the glory of God.
Rejoice as you meet together as families. Share the blessings each has received from God to give Him the glory. As Pr. 21:31 says, "The horse is prepared for the day of battle, but safety is of the Lord." This means that we must not be slack in doing our part, but must fully recognize that it is God Who gives the safety, the results, the victory, or defeat for our good. Always, give Him the thanks and glory!
I will be out of pocket for most of the week, but will be back in the saddle next week end.
Have a safe and worshipful Thanksgiving for rejoicing and giving the glory to god.
Best to each, Doug
posted by Doug @ 9:19 AM
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