Hooraaaaaaaaaaaaaaaaaaaay it's Friday!
It may even be a significant Friday, because it is the beginning of the weekend before Thanksgiving. Trading is likely to be light until after the vacation time. However, it is Friday and the Lord's Day is only 24+ hours away. It is important for each of us to join in corporate worship of the Triune God of all. We must each give Him the glory due Him.
Gold has dropped a bit below $620 (mainly between $620 and $617 for almost 24 hours) and DROOY is again available at <$1.20. Now at $1.15. That is a good buying range in my view. The other mining stocks are providing further opportunity to add to or to begin investments in these areas. I believe this to be an apparition due to the approaching holiday. Of course, I could be wrong and this is just another correction. However, holidays generally have this effect with traders leaving their computers and desks a bit early.
I am still rejoicing that the election is over. Pre-election ads should push one into TIVO or some other program recording device. These permit later viewing and being able to fast forward through the sound bites the candidates use to maintain or achieve their power. They generally speak with forked tongues which promise each and everyone just what is desired to be heard. Once elected most simply relish the power and focus all attention on seeking reelection. Modern technology enables one to avoid the propaganda of the pre-election, and I am pleased to enjoy it to the fullest.
By the way, recent data from the USG seems to indicate a slowing of the inflationary pressures in the pipeline on the way to us. The lower gas prices at our pumps are giving rise to this. Even the slowing of retail sales of late is encouraging such thoughts. But we have a longer time for shopping between Thanksgiving and Christmas this year which should provide rather strong retail sales. For the consumers, the heating of the competition between WalMart and Target will likely provide some bargains. They seem to be getting up steam for a head to head battle. All you folks can do as the Flintstones did, run out the door crying, "Charge it!" Beware! Watch the danger of overcharging your ability to pay.
Best to each, Doug
Gold has dropped a bit below $620 (mainly between $620 and $617 for almost 24 hours) and DROOY is again available at <$1.20. Now at $1.15. That is a good buying range in my view. The other mining stocks are providing further opportunity to add to or to begin investments in these areas. I believe this to be an apparition due to the approaching holiday. Of course, I could be wrong and this is just another correction. However, holidays generally have this effect with traders leaving their computers and desks a bit early.
I am still rejoicing that the election is over. Pre-election ads should push one into TIVO or some other program recording device. These permit later viewing and being able to fast forward through the sound bites the candidates use to maintain or achieve their power. They generally speak with forked tongues which promise each and everyone just what is desired to be heard. Once elected most simply relish the power and focus all attention on seeking reelection. Modern technology enables one to avoid the propaganda of the pre-election, and I am pleased to enjoy it to the fullest.
By the way, recent data from the USG seems to indicate a slowing of the inflationary pressures in the pipeline on the way to us. The lower gas prices at our pumps are giving rise to this. Even the slowing of retail sales of late is encouraging such thoughts. But we have a longer time for shopping between Thanksgiving and Christmas this year which should provide rather strong retail sales. For the consumers, the heating of the competition between WalMart and Target will likely provide some bargains. They seem to be getting up steam for a head to head battle. All you folks can do as the Flintstones did, run out the door crying, "Charge it!" Beware! Watch the danger of overcharging your ability to pay.
Best to each, Doug
posted by Doug @ 9:11 AM
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