Gold Staying Fairly Above $620
Since April 18th, gold has remained in a trading range between $620 and $635. Note that on April 20th, gold touched $644.50 in London. During this period of time, there appeared to be an "inverted W" or "Double Top" on the 30-Day chart. However, the down ward portion of that ominous figuration was extended and it seems to have been broken with a high of $639.50 today at 11:32 (NY). The low for 24 hours was $628 earlier this morning.
Therefore, it looks as though we are on the move to a higher plateau of trading. At the same time, silver has run out of steam for the present. It has been trading below $13 for several days and is currently $12.77. Gold is the focus now!
Watch for much higher gold and, also, for rain in Texas. I am leaving the state next week. I am not superstitious, but it seems that God moves in these ways almost every time I leave.
EUROs and Asian currencies have been on a tear lately as the dollar has resumed its decline.
The mining stocks have been holding firm, but have yet to explode upward. We still have time to add to our portfolios in anticipation of the coming rise. I believe the downside risk is small. You might try trailing stops, if you are concerned. I place them from time to time and pray that they are not executed any time soon.
Here is a run down on some >> BGO 5.66; CBJ 4.06; CEF 9.64; DROOY 1.54; EGO 5.17; GSS 3.29; HMY 16.20; IAG 9.55; MFN 9.31; MNG 3.75; MRB 3.18; NEM 58.01; NTO 5.11; PAAS 24.58; PCU 99.75; QEE .42; RNO 2.32; SSRI 21.23.
It is better to be early, than to be a short time late and miss the train. As Christians, we are to have a long term view. That is why it is so important to train our children and grandchildren up in the "way they should go." It is through them that much Kingdom work will be accomplished. That is the manner in which the Lord worked through our patriarchs of old (Abraham, Issac, Jacob, etc.). They never actually realized on earth the fulfillment of the promises of God. It was their offspring who captured, by the hand of God, the promised land. However, they are all commended for their faith and trust in the Sovereign Ruler of all and His promises. We, too, must rely upon this wonderful King who can not lie. His will WILL BE DONE! Our opportunity is to contribute to the spread of His Kingdom through our offspring.
Best to each, Doug
Therefore, it looks as though we are on the move to a higher plateau of trading. At the same time, silver has run out of steam for the present. It has been trading below $13 for several days and is currently $12.77. Gold is the focus now!
Watch for much higher gold and, also, for rain in Texas. I am leaving the state next week. I am not superstitious, but it seems that God moves in these ways almost every time I leave.
EUROs and Asian currencies have been on a tear lately as the dollar has resumed its decline.
The mining stocks have been holding firm, but have yet to explode upward. We still have time to add to our portfolios in anticipation of the coming rise. I believe the downside risk is small. You might try trailing stops, if you are concerned. I place them from time to time and pray that they are not executed any time soon.
Here is a run down on some >> BGO 5.66; CBJ 4.06; CEF 9.64; DROOY 1.54; EGO 5.17; GSS 3.29; HMY 16.20; IAG 9.55; MFN 9.31; MNG 3.75; MRB 3.18; NEM 58.01; NTO 5.11; PAAS 24.58; PCU 99.75; QEE .42; RNO 2.32; SSRI 21.23.
It is better to be early, than to be a short time late and miss the train. As Christians, we are to have a long term view. That is why it is so important to train our children and grandchildren up in the "way they should go." It is through them that much Kingdom work will be accomplished. That is the manner in which the Lord worked through our patriarchs of old (Abraham, Issac, Jacob, etc.). They never actually realized on earth the fulfillment of the promises of God. It was their offspring who captured, by the hand of God, the promised land. However, they are all commended for their faith and trust in the Sovereign Ruler of all and His promises. We, too, must rely upon this wonderful King who can not lie. His will WILL BE DONE! Our opportunity is to contribute to the spread of His Kingdom through our offspring.
Best to each, Doug
posted by Doug @ 10:44 AM
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