Another Buying Opportunity

Both gold and silver were down in overnight trading. This is clearly shown for gold in the above graph from Kitco.com. Presently, gold is at 969.20 and silver at 19.68. Both are giving us another opportunity to add to our portfolios. They are both off marginally from Friday's close.

The following is from the dailypfennig.com:

"I read a story over the weekend that suggested China will try to let the Renminbi appreciate vs. the Euros instead of the US$ as exports to Europe will likely be growing at a greater clip than those to the failing US economy.  The Chinese currency actually dropped 3.3% vs. the Euro last year and is now expected to rise 9.5% vs. the Euro in 2008.  China's trade surplus soared to a record $262 billion in 2007, prompting calls from European officials to reduce trade imbalances.  Letting the Renminbi appreciate vs. the Euro will stem some of these protectionist calls.  So what will this mean for US investors?  It should mean the Euro will continue to advance vs. the US dollar which will continue to take a back seat to what is starting to be seen as the world's new reserve currency."

By the way, this is a valuable free daily publication which is available from www.everbank.com. I suggest you subscribe to it.

I suggest you initiate or add to your precious metals and mining stocks during this lull in the advance. The bull market in both is still with us and should be for some time. These temporary windows of opportunity may not be as frequent in the future as in the past.

Invest only that with which you are comfortable. Be certain of your comfort risk level. Investing is not worth a wall of worry which can lead to all sorts of physical health problems. Plan, commit your plan to the Lord, move out in accordance to the plans, and leave it to the Lord Jesus Christ to give you success or change your direction. It is well to watch over your investments, but we must also learn to rest in the Lord for permanent peace in all situations.

Best to each, Doug