Defying gravity!
The dollar is floating higher these days in spite of all the negative facts. Thus, the dollar price of gold is under pressure. Gold for the last 24 hours has gone down from $581.40 at 3:14 this morning to $569.20 at 9:27 and is now at $571.40. Richard Russell says that the question is whether the dollar is over bought or the gold is over sold. The markets will have to reveal this to us over time. I believe the key time will be the election.
Silver's high was $11.40 yesterday morning at 10:48 and the low was $11.07 at 9:25 this morning. It is currently at $11.14. Both precious metals showed some spirit over the weekend, but that could be discounted, because of the holiday here in America.
Just think, in 1492 Columbus opened the way for America. As I view the movies made of the past, I have come to realize the struggles of our forefathers. Just think of spending months on a tiny little sailing ship crossing an ocean. Or of weeks and months crossing a land without roads in a Conestoga Wagon. And we think times are hard now. We are soft compared to those of the early days in our country. Our biggest physical hardships are when the air conditioner or automobile goes on the blink. They really had it hard!
By the way, the DJI remains very high and fairly strong. To me, it is still a very dangerous market out there. One must use a great deal of caution.
Thomas Friedman wrote "There's no denying a need for a change." He hoped the democrats would win both houses of Congress by a very narrow margin (one seat in each). This way, the system would be balanced and it would be difficult for either party to steam roll much through. He has a point. We do need a change!
I rejoice in the fact that the one and only God of all is in absolute control and knows precisely what He is doing. He is the Creator and Sustainer of all.
Best to each, Doug
Silver's high was $11.40 yesterday morning at 10:48 and the low was $11.07 at 9:25 this morning. It is currently at $11.14. Both precious metals showed some spirit over the weekend, but that could be discounted, because of the holiday here in America.
Just think, in 1492 Columbus opened the way for America. As I view the movies made of the past, I have come to realize the struggles of our forefathers. Just think of spending months on a tiny little sailing ship crossing an ocean. Or of weeks and months crossing a land without roads in a Conestoga Wagon. And we think times are hard now. We are soft compared to those of the early days in our country. Our biggest physical hardships are when the air conditioner or automobile goes on the blink. They really had it hard!
By the way, the DJI remains very high and fairly strong. To me, it is still a very dangerous market out there. One must use a great deal of caution.
Thomas Friedman wrote "There's no denying a need for a change." He hoped the democrats would win both houses of Congress by a very narrow margin (one seat in each). This way, the system would be balanced and it would be difficult for either party to steam roll much through. He has a point. We do need a change!
I rejoice in the fact that the one and only God of all is in absolute control and knows precisely what He is doing. He is the Creator and Sustainer of all.
Best to each, Doug
posted by Doug @ 9:12 AM
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