Thank the Lord, the election is over!
What an election we had. The people elected the big spending party to the house. Wait a minute; for the last few years, the Republicans have been the biggest spenders ever to come to the United States government. So, what lies ahead?
There will be more spending, greater debt, and larger trade deficits just as we have seen in recent years. There will be little change in America's present course. Perhaps, there will be greater pushing toward "protective" tariffs and import quotas. That would be a disaster.
No tax cuts are on the horizon, but how often have tax cuts been just additional taxes? I would hope to see a discontinuation of the alternative tax, but doubt it will be ended soon.
Gold is having difficulty in deciding whether to go up or down. For twenty-four hours, the low today was $618.50 and the high yesterday was $628.80. It is now down to $622.70 from yesterday's close of $625.70. The trend seems to be up at present.
The mining stocks are mixed, but seem to be turning positive. BGO 5.12; CBJ 3.77; CDY 1.65; CEF 8.78; DROOY 1.20; EGO 4.77; GSS 2.91; HMY 15.57; IAG (another merger planned) 9.01; KRY 2.86; MRB 3.56; NEM 45.31; NTO 4.31; PAAS 22.19; QEE 0.27; RNO 2.90; SSRI 24.63.
Yesterday, I purchased DROOY as low as 1.17 and BGO as low as 5.14. Both are still in what I consider buying range. The dollar is headed lower long term and gold and mining stocks will be good insurance in this financial environment.
The Lord has moved into power those He has selected. We must pray that He will raise up statesmen who will put Him first and move are lows more closely to His law from the present unjust laws under which we now suffer.
Best to each, Doug
There will be more spending, greater debt, and larger trade deficits just as we have seen in recent years. There will be little change in America's present course. Perhaps, there will be greater pushing toward "protective" tariffs and import quotas. That would be a disaster.
No tax cuts are on the horizon, but how often have tax cuts been just additional taxes? I would hope to see a discontinuation of the alternative tax, but doubt it will be ended soon.
Gold is having difficulty in deciding whether to go up or down. For twenty-four hours, the low today was $618.50 and the high yesterday was $628.80. It is now down to $622.70 from yesterday's close of $625.70. The trend seems to be up at present.
The mining stocks are mixed, but seem to be turning positive. BGO 5.12; CBJ 3.77; CDY 1.65; CEF 8.78; DROOY 1.20; EGO 4.77; GSS 2.91; HMY 15.57; IAG (another merger planned) 9.01; KRY 2.86; MRB 3.56; NEM 45.31; NTO 4.31; PAAS 22.19; QEE 0.27; RNO 2.90; SSRI 24.63.
Yesterday, I purchased DROOY as low as 1.17 and BGO as low as 5.14. Both are still in what I consider buying range. The dollar is headed lower long term and gold and mining stocks will be good insurance in this financial environment.
The Lord has moved into power those He has selected. We must pray that He will raise up statesmen who will put Him first and move are lows more closely to His law from the present unjust laws under which we now suffer.
Best to each, Doug
posted by Doug @ 9:02 AM
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