Thoughts on Markets

Monday, June 30, 2008

Silver & Gold on the Move - Batten Down the Hatches


Both silver and gold sprinted much higher in early trading, but were smacked off their highs on trading in New York. Accident or simple market forces? I don't believe so! The cartel jumped in again to depress prices, but look how the upward movement started again. Silver is now 17.43 and gold 927.70. Both are on an up tick.

Remember how the friends and neighbors of Noah and his family laughed and made fun of them for building an ark far away from enough water for it to float. However, Noah was faithful to God's command and saved his family while the world around perished. Or how about John crying in the wilderness while many did not come to be baptized into the church of God.

It seems to me that God's word is again crying out to His people and warning us of real financial disaster on the horizon. We must heed His warning, just as did the Christians heeded the Matt. 24 warning of Jesus Christ to flee from to the hills away from Jerusalem when the Roman Army approached in 70 A.D. They were saved from the destruction of Jerusalem. This was a terrible disaster for those remaining in Jerusalem. It had never been seen before, nor since.

Let us now prepare to preserve our families by reducing debt ("Owe no man anything, except to love one another"), build a reserve of cash for emergencies, and even begin to store up non-perishable consumables when you can find them at bargain prices. Stagflation is here and seems to be getting worse.

Carefully, prayerfully make your plans, commit them to the Lord, move out to implement the plans, and depend upon the Lord for success.

Best to each, Doug

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