Gold in a Battle to Stay above $550

This is another volatile day for gold and the market in general. For the past 24 hours gold as been as high as $568.30 and as low as $547.70. It is now at $548.70 and silver is at $9.33. The range for gold has been very great!

The long term upward trend for gold is still in place, but it is these times which test one's metal. DROOY is at $1.55 which is a reasonable buying price in my opinion.

The general market measured by the DJI is off 38.33 now. Currencies are in a narrow trading range with the dollar a bit stronger. Some are predicting that the dollar will remain strong for a time, but almost all see it remaining in a long term down trend.

Barring a major event during the week end, we should see more of the same today and likely through Monday or so.

Rain is again predicted for us here in Alamo City, but we are yet to see it. We are in bad need of rain. The ground is like powder and the grasses are suffering badly.

Remember to join in corporate worship on the Lord's Day. It is demanded by the Sovereign God of all and a particular duty of all Christians. Do not delay to daily and, specially, on Sundays worship the Lord our God.

Best to each, Doug