Precious Metals Pushed Down Again (Still)

Both silver and gold pushed down again by intervention by cartels, etc. Isn't it amazing that this seems to happen precisely at the opening of the New York Markets! Those involved came back after the 3-day weekend with a vengeance. Of course, this will allow those with long term view and persistence to add to their portfolios. Almost all of the mining stocks have been hit, as well, but not as drastically, as the metals, themselves. Here are a few: AGXM 1.16; CDY 2.99; CDE 3.25; DROOY 8.17; GDX 46.67; GSS 3.09; HMY 12.23; IAG 6.03; KGC 20.16; KRY .7211; MRB 7.67; NEM 47.80; PAAS 31.007; SSRI 29.48; VGZ 3.4099, and XRA 4.40. The trusts and other ETFs : CEF 12.6876; GLD 89.73; SLV 173.74. Gold is at 908.50 and silver 17.55

Economics:

The Canadian Central Bank has started another attack upon gold in the form of proposing sanctions against the very few firms which enable investment directly in gold and silver for making purchases. This is not very wide spread nor well known, at present. I have mentioned on this blog one www.GoldMoney.com which is headed by James Turk. His commentaries on the web site are usually quite good and should be read from time to time.

This latest action is "justified" as a means of preventing the laundering of "money" by illegal drug cartels. However, the result in greater control of citizens and elimination of freedoms given us by our God and guaranteed by our Constitution.

All governments and their central banks want to maintain their monopoly over currencies used in trade. They are very jealous of the power they have over citizens through the fractional banking system. Of course, all theft is a violation of the Eighth Commandment, "Thou shall not steal," even that by governments.

Fractional banking allows the bank to counterfeit money in the form of unbacked paper currencies of the world. While all governments will force the use of this "money," they will punish those who produce alternatives to the official paper currency.

As governments, through their central banks retain this authority, they continually expand the paper "money" supply and defraud their citizens. This is inflation which is condemned in Scripture, particularly, noted in Isaiah 1:22, "Thy silver is become dross, thy wine mixed with water." Certainly, in this passage, this is an illustration of the corruption of Israel, particularly, the leaders. In a real sense, we can see similar corruption in our leadership as our elected officials seem much more interested in gaining more power and being re-elected influencing government to protecting our life, liberty, and property.

However, the statement shows the corruption of the currency of the day. Our coins, today, are not merely precious metals mixed with dross, but have become dross, totally. The dollar is not backed by anything , but the full faith and credit of our bankrupt nation.

Many of our products are packages so as to appear to contain the same amount as early, but upon close examination, the contents are less. Thus, "thy wine is mixed (or diluted) with water." Is this not theft and fraud?

When Christians and churches fail to answer the call to be "the salt of the earth" and "the light of the world," (Matt. 5:13,14) the nation turns its back on the Sovereign God and violates God's Law Word against the use of unequal weights and righteousness in judgment (Lev. 19:35-37 and De. 25:13-15). The government engages in all sorts of theft, businesses react to the same methods to protect profit and citizens lose their respect for each other and each other"s property and lives. Thus, we have the violent form of chaos which grows with time.

The Sovereign God of all "that sitteth in the heavens shall laugh: the Lord shall have them in derision" (Ps. 2:4) at the folly of man. He waits until the sin of the nation reaches the fullness in time "Then shall He speak unto them in His wrath, and vex them in His sore pleasure." (Ps. 2:5)

Pray for a turning back to King Jesus, teach these things to your children and grandchildren, and be the light of the world and salt of the earth to the extent that you can.

Best to each of you and yours, Doug