Gold in a Tighter Trading Range
For the last 24 hours gold reached a high of $565.50 yesterday at 11:23 a.m. and a low of $561.10 at 10:05 p.m. Now it is at $564.60 and looks to be going a bit higher. Note that for all of this time it has stayed above $560 and spent most of the time above $562. Is it consolidating for another run at $570+? It does appear likely, but we will have to wait and see.
For investments in precious metals above the physical metals, consider the Central Fund of Canada (CEF) invested in both gold and silver bullion and the Central Gold Trust (CLGLF)invested in gold bullion.
Bush stopped over in Afghanistan on his way to India and stated that we would still get Osama.
Most currencies were up against the dollar. The Canadian dollar was above $0.88 showing good strength. The other commodity currencies in New Zealand and Australia joined the parade. The Renminbi moved up again, as well.
The DJI has been fighting to stay above the 11000 level. It has been a difficult struggle, losing at times.
The Europeans meet today to decide on a raise of interest rates as the economies heat up some. Germany seems to be picking up steam.
The housing market is slowing with buyers in some of the "boom" areas backing off in anticipation of lower prices. Many have sold homes in these areas of overly inflated prices and moving to lower cost areas of the country. We are seeing here what has also been seen in Great Britain and other parts of the world.
The consumer continues to spend. I would have thought that he had been maxed out in credit and slowed buying. It seems not. When will he stop? With total debt in our economy approaching $40 Trillion, he should be near the end of that road.
News reported that Toyota posted a rare sales decline in February. Camry sales fell 14%. Analysts suggest that buyers are waiting for the new models. What do you think? Is it just possible that the buyers are feeling the pinch of higher prices at the pumps and in the malls?
We always live in challenging and interesting times. How wonderful it is to depend upon a God who cares for His people. This does not mean that we are to just put everything on Him and do whatever we like. It means that we are to study, prepare, and move out in accomplishment of the work He has given us. To be sure we are in the work He has designed for us, we must prayerfully under the power of the Holy Spirit to study His written word, accept and follow it. Then commit our plans to Him, work, and give Him the glory for the results.
Best to each, Doug
For investments in precious metals above the physical metals, consider the Central Fund of Canada (CEF) invested in both gold and silver bullion and the Central Gold Trust (CLGLF)invested in gold bullion.
Bush stopped over in Afghanistan on his way to India and stated that we would still get Osama.
Most currencies were up against the dollar. The Canadian dollar was above $0.88 showing good strength. The other commodity currencies in New Zealand and Australia joined the parade. The Renminbi moved up again, as well.
The DJI has been fighting to stay above the 11000 level. It has been a difficult struggle, losing at times.
The Europeans meet today to decide on a raise of interest rates as the economies heat up some. Germany seems to be picking up steam.
The housing market is slowing with buyers in some of the "boom" areas backing off in anticipation of lower prices. Many have sold homes in these areas of overly inflated prices and moving to lower cost areas of the country. We are seeing here what has also been seen in Great Britain and other parts of the world.
The consumer continues to spend. I would have thought that he had been maxed out in credit and slowed buying. It seems not. When will he stop? With total debt in our economy approaching $40 Trillion, he should be near the end of that road.
News reported that Toyota posted a rare sales decline in February. Camry sales fell 14%. Analysts suggest that buyers are waiting for the new models. What do you think? Is it just possible that the buyers are feeling the pinch of higher prices at the pumps and in the malls?
We always live in challenging and interesting times. How wonderful it is to depend upon a God who cares for His people. This does not mean that we are to just put everything on Him and do whatever we like. It means that we are to study, prepare, and move out in accomplishment of the work He has given us. To be sure we are in the work He has designed for us, we must prayerfully under the power of the Holy Spirit to study His written word, accept and follow it. Then commit our plans to Him, work, and give Him the glory for the results.
Best to each, Doug
posted by Doug @ 8:38 AM
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