Gold Up Friday Before Long Weekend
Gold has moved up over the last 24 hours. The low was $537.10 about mid morning and the high was minutes ago $552.60. Recall that last year started with gold just below $530, and the low for the last 52 weeks was $414.45 on May 31st. The high of $572.17 was on February 2nd this year. It certainly has not been a bad year for gold! The long term upward trend is still intact. There will always be corrections, and this one may not be completely over. It does appear to be ending as gold has move to a higher plateau.
The mining stocks have been holding fairly well in spite of the recent drop in gold price. DROOY is still in a nice buying range at $1.49; NEM $57.17; SSRI $16.47, and CEF $7.50. Virtually all are up today.
In the general market,we are still seeing the DJI struggle to stay above 11000. It is currently at 11078, down about 42 for the day.
By the way, do you feel that all of our presidents should be honored on Monday? President's Day has replaced George Washington's and Lincoln's Birthdays. I believe we have done a disservice to both of them, by relegating them to a mixed bag of men who have occupied the office. I particularly believe we should honor George Washington, without whom, it is unlikely we would even have a nation today. For years, he was honored as the "Father of our nation." However, I am certain that he would be disappointed in what remains today.
Remember to join in corporate worship this Lord's Day. It is our duty and joy, as Christians, to worship our Lord together and share in fellowship with other believers.
Best to each, Doug
The mining stocks have been holding fairly well in spite of the recent drop in gold price. DROOY is still in a nice buying range at $1.49; NEM $57.17; SSRI $16.47, and CEF $7.50. Virtually all are up today.
In the general market,we are still seeing the DJI struggle to stay above 11000. It is currently at 11078, down about 42 for the day.
By the way, do you feel that all of our presidents should be honored on Monday? President's Day has replaced George Washington's and Lincoln's Birthdays. I believe we have done a disservice to both of them, by relegating them to a mixed bag of men who have occupied the office. I particularly believe we should honor George Washington, without whom, it is unlikely we would even have a nation today. For years, he was honored as the "Father of our nation." However, I am certain that he would be disappointed in what remains today.
Remember to join in corporate worship this Lord's Day. It is our duty and joy, as Christians, to worship our Lord together and share in fellowship with other believers.
Best to each, Doug
posted by Doug @ 9:18 AM
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