Gold Posts a New High
Well, gold posted a new 52 week high of $573.70 at 1:18 this afternoon. That beats the $572.15 high of February 2, 2006. The low for the last 24 hours was $559.50 at 2:08 a.m. today. That is well above the 52 week low of $414.45 on May 31, 2005. It appears that gold may be resuming its climb.
Perhaps, the central banks and governments are beginning to lose their power to hold the price of gold down. They have been doing a rather good job of it for the last 15-20 years or so. Gold, the true money, is feared, because it allows citizens too much freedom. That is anathema to many in power.
DROOY dipped to $1.38 yesterday and to $1.35 today, but is up to $1.43 now. Almost every precious metal mining stock is in the green today. My silver stocks PAAS is $26.50 and SSRI is $20.97 as this is written.
Timing is the problem we have, because we do not possess perfect foresight. Therefore, it is important to seek quality in investments and follow the longer term trends which are fairly well established over time. The precious metals are in a long term bull trend and once again this has been reinforced today.
The Lord knows all about timing, because He is in absolute control of everything. He created everything and everybody, but, thankfully, does not leave it there as a watch maker does. He still is in control. Even our next heart beat and breath is directed by Him. That should be a sobering thought to us every minute of every hour of each day He gives us. He said, "If you love me, you will obey my commandments." Thus, we exhibit our love toward our God through obedience. Follow Him every day.
Best, Doug
Perhaps, the central banks and governments are beginning to lose their power to hold the price of gold down. They have been doing a rather good job of it for the last 15-20 years or so. Gold, the true money, is feared, because it allows citizens too much freedom. That is anathema to many in power.
DROOY dipped to $1.38 yesterday and to $1.35 today, but is up to $1.43 now. Almost every precious metal mining stock is in the green today. My silver stocks PAAS is $26.50 and SSRI is $20.97 as this is written.
Timing is the problem we have, because we do not possess perfect foresight. Therefore, it is important to seek quality in investments and follow the longer term trends which are fairly well established over time. The precious metals are in a long term bull trend and once again this has been reinforced today.
The Lord knows all about timing, because He is in absolute control of everything. He created everything and everybody, but, thankfully, does not leave it there as a watch maker does. He still is in control. Even our next heart beat and breath is directed by Him. That should be a sobering thought to us every minute of every hour of each day He gives us. He said, "If you love me, you will obey my commandments." Thus, we exhibit our love toward our God through obedience. Follow Him every day.
Best, Doug
posted by Doug @ 2:22 PM
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