Thoughts on Markets

Thursday, June 26, 2008

Warnings About Markets & Parental Responsibility

Chart, below from Moore Research Center, Inc. Check them out here

The above is interesting and clearly reveals that there is some seasonal impact upon the price of precious metals. We are in the summer which is the doldrums time for silver and gold.

Both gold and silver has started the day very well. Both graphs are similar, so I have only included the 24 Hour Gold Graph. Gold is now at 911.10 and silver at 17.23. Almost every miner is doing well, too. Both DRD Gold (DROOY @ 6.70) and Harmony Gold (HMY @ 11.38) are up. Also, the Gold Miners Spdr (GDX) is up to 45.63.

Not so for the general market, as the DJI are down about 221 at 11589. That does not bode well for the broader markets which seem to be in deep trouble. I have been unloading general market involvement for some time and down to very little exposure there. I urge the greatest of caution in every market. In fact, it might be a good safe guard to use trailing stops on a portion of the mining stock portfolio.

When the Fed left the interest rates unchanged yesterday, no one was caught by surprise. What did surprise to an extent was the dovish comment which followed the pre-FOMC meeting hawkish rhetoric on fighting inflation. Talk about a smoke screen. We were really treated with it last week. There seems to be no intention in raising rates for the time being. The central concern is the weak economy which would deeply wounded with any increase in interest rates.

A bit more on Christian Economics:

Pr. 29:18 - "Where there is no vision, the people perish: but He that keepeth the law, happy is he." Vision is often translated as "law." That is not a bad translation. Both seem to present the fact that the Christian needs a future orientation. With the law, law keepers have the proper vision of the goal which is set before them.

We are to have confidence in the Covenantal God of all. It is He Who has the future firmly in His hands. As the spiritual song says, "He has the whole world in His hands." That, to the Christian is a wonderful comfort even when we see the going as "rough." The Sovereign God, also, tells us in Romans 8:28, "And we know that all things work together for good to them that love God, to them who are called according to His purpose." Thus, even the "bad" things work together for our eventual good.

Our Father provides us the courage to face the future with confidence and great assurance that He will see us through. We should earnestly pray that He will use us to His glory in preparing our children and grandchildren to carry on the kingdom work we have started. This is our calling as parents.

Beware, that children of today often face tremendous peer pressure. We, as parents are warned, "Do not be deceived: 'Bad company corrupts good morals.'". (1 Cor. 15:33) Always, know your children's acquaintances. Steer them away from "bad company." Are your children in the government schools? Are your children in so-called Christian schools? With whom do your children play? What do they watch on television? What movies do the see? Who are their earthly heroes and examples? By what kind of electronic games are they mesmerized and amused? What kind of books do they read? All of these have a great impact upon their world and life view.

This is an important economic consideration. God has given us children for us to prepare for discipling the world to the glory of God. If "bad company or communications" are giving our children and grandchildren corrupted morals, what kind of kingdom work will they be doing. Remember, there are only two types of kingdom work: that of our Sovereign Covenantal God or that of His enemy - Satan. There is no other work on earth.

When God told Adam and Eve in the Garden, to multiply and subdue the earth and repeated it to Noah after the flood, it became our mandate. We are to subdue the earth to the glory of God. Our life times are much too short for such a monumental task; therefore, God expects us to prepare and equip our off spring to carry on His work. This is extremely important.

Ask yourself when you send your children into the world, "Am I sending out a missionary to the world or a mission field?" It is one or the other.

I am reminded of the old saying, "Too soon old, and too late smart." That was my case, I am ashamed to admit. With the help of the Holy Spirit, I have repented, was forgiven, and I have been working to change this and recover what I missed early on. I pray that you will do your part NOW!

Best to each, Doug


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