Markets Going South
Markets all over the world were down over the week end and yesterday. Currently, the DOW is at 11961.51 down 137+. It has been down over 200 a bit earlier, so is showing some signs of recovering.
Gold is at 889.50 and silver at 16.05. Both are moving upward. Both should be going through the roof, but there is manipulation. There is a negative impact on the precious metals as many in the general stock market are being hit with margin calls and need cash to cover the calls.
Many who do not want to invest in individual mining companies and to hold the precious metal bullion coins should look to the Exchange Traded Funds (ETF) and other investment trusts. These allow investors to invest in various sectors of the market without making individual stock selections.
For investments in the metals, there are the following: www.everbank.com World Markets Metals Select, Canadian gold and silver fund (CEF), the iShares gold fund GLD, and the silver equivalent SLV. The last three are traded like stocks on the exchanges.
For investments in the mining stocks, there is the ETF GDX which is the miners index. This, too, is traded as a stock.
For energy, the ETF XLE offers diversification.
Options are available on GDX and XLE for those with greater risk tolerance. In fact, I am currently investing in calls on both of these.
The dollar has been showing some strength against other currencies, but the trend for the buck is still down. The more stimulus, the lower will the dollar go. The liquidity of paper currency in the world is at the highest level ever and most central banks and governments are advocating ever more to avoid recession at all cost. Perhaps, as many are saying we are already in a recession which seems destined to get worse. With the personal savings at an all time low, we will have little resources to survive without a lot of bankruptcies and other pain.
It is wise to avoid credit card debt, which has the greatest interest requirement. Also, it is wise to lower debt of all types and to avoid further debt. Let's make our plans to get out of debt as soon as possible and live debt free to the extent that the Lord makes possible. What a great blessing from the Lord is debt free living!
So hide the word of God in your hearts that there is not room for sin. Daily study and meditate upon God's law-word. Without the light which this sheds upon our lives, we are totally lost. He wonderfully cares for His people 24/7.
Best to each, Doug
Gold is at 889.50 and silver at 16.05. Both are moving upward. Both should be going through the roof, but there is manipulation. There is a negative impact on the precious metals as many in the general stock market are being hit with margin calls and need cash to cover the calls.
Many who do not want to invest in individual mining companies and to hold the precious metal bullion coins should look to the Exchange Traded Funds (ETF) and other investment trusts. These allow investors to invest in various sectors of the market without making individual stock selections.
For investments in the metals, there are the following: www.everbank.com World Markets Metals Select, Canadian gold and silver fund (CEF), the iShares gold fund GLD, and the silver equivalent SLV. The last three are traded like stocks on the exchanges.
For investments in the mining stocks, there is the ETF GDX which is the miners index. This, too, is traded as a stock.
For energy, the ETF XLE offers diversification.
Options are available on GDX and XLE for those with greater risk tolerance. In fact, I am currently investing in calls on both of these.
The dollar has been showing some strength against other currencies, but the trend for the buck is still down. The more stimulus, the lower will the dollar go. The liquidity of paper currency in the world is at the highest level ever and most central banks and governments are advocating ever more to avoid recession at all cost. Perhaps, as many are saying we are already in a recession which seems destined to get worse. With the personal savings at an all time low, we will have little resources to survive without a lot of bankruptcies and other pain.
It is wise to avoid credit card debt, which has the greatest interest requirement. Also, it is wise to lower debt of all types and to avoid further debt. Let's make our plans to get out of debt as soon as possible and live debt free to the extent that the Lord makes possible. What a great blessing from the Lord is debt free living!
So hide the word of God in your hearts that there is not room for sin. Daily study and meditate upon God's law-word. Without the light which this sheds upon our lives, we are totally lost. He wonderfully cares for His people 24/7.
Best to each, Doug
posted by Doug @ 9:32 AM
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