Thoughts on Markets

Friday, October 26, 2007

Gold Hitting 28 Year Highs

Spot price of gold closed today at bid 783.50 asked 785.00. $800 looks very likely in the near future. Possibly some more bouncing around before that, but certainly possible by year end.

The DJI are at 13775.16 up some 103 +.

Most of the mining stocks are up following gold prices. They will be much higher before long.

I'm still traveling, but should be home next week.

Once again the week end is very near and I am looking forward to joining in corporate worship with a body of the people of God. It is a wonderful experience to fellowship with those of the faith of Abraham and to celebrate the sacraments. I urge you to find a sound church with whom you can unite. The Lord's Day is a day of rest in hope of the final rest which is promised all believers.

Best to each, Doug

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