Ho Hum Market this week.

Stunning fund-raising success for Paul's presidential campaign

Submitted by cpowell on Thu, 2007-10-04 02:19. Section: Daily Dispatches

By Jim Kuhnhenn
Associated Press
via Yahoo News
Wednesday, October 3, 2007

http://news.yahoo.com/s/ap/20071003/ap_po/campaign_fundraising;_ylt=Ajdj...

WASHINGTON -- Long-shot Republican presidential candidate Ron Paul raised a surprising $5 million during the past three months, capitalizing on his stance as the only anti-war contender in the GOP field.

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The above was on the internet this morning, and I thought it of interest. On to the markets.

This was a lazy day in the markets. Gold has been in a consolidation period trading between about 724 and 733. However, today it showed a little more life by moving to 737.30. The dollar index is still hovering around (mostly just below) 80. It will go lower, because all of the factors which placed it in a bear market are still in place and getting worse.

All eyes are on the false unemployment/employment report tomorrow. It should not be good, but the way it is manipulated one never knows for certain. Of course, that is true even when the report is out and read.

Copper and other base metals were in a narrow range as well yesterday as copper barely tagged on a cent. The Euro was up on Tuesday, but ended yesterday at 1.4085 which is still hovering around the recent highs.

I see these times when gold is depressed from a recent run up as a time to add to our portfolio. This is particularly true when stops are high and some of our stocks have turned to dollars in the accounts. Look for times to jump back in. Gold is going higher. Maybe not this week, but it is definitely in a bull market and the third phase has yet to show itself.

Look, also to defense, aerospace, and natural resources, too. America is at war and in need of replacing military hardware worn down, worn out, and lost in battles. Thus, there will be continued federal spending for weapons and supplies for war into the foreseeable future. This is a good bet!

We will have to see what Friday brings forth for us. It is well to pay attention to the markets near the week end.

Also, prepare to and go to worship King Jesus on His day. It is our duty as Christians.

Best to each, Doug