Thoughts on Markets

Friday, July 25, 2008

We Are the Problem When We are Dependent Upon Government!

Both silver and gold are being manipulated again. The boyz want to close out their shorts before expiration on Monday. They also want to let the calls they sold expire on Monday without being exercised.

Silver is currently17.15 and gold 922.60. Both are down for the day and are extending the bargain shopping days. DRD Gold (DROOY) is trading at 6.31; Harmony (HMY) at 10.37; Pan American Silver (PAAS) at 30.98; and Silver Standard (SSRI) at 28.50. All appear to me to be good buys. However, you must make your own decisions based upon your present portfolio, available cash, and comfort zone.

The ETFs and Trusts for precious metals are as follows: CEF 12.90 and GLD 91.10.

"In this present crisis, government is not the solution to our problem: government is the problem… It is no coincidence that our present troubles parallel and are proportionate to the intervention and intrusion in our lives that result from unnecessary and excessive growth of government." -- Ronald Reagan, Inaugural Address, January 20, 1981 (Quoted in Casey's Daily Resource Plus today)

The Vice President Bush at the time was not in agreement with this, and his son, as President must not agree either as the Federal Government grew greatly under both of them. Nevertheless, Reagan's statement remains 100% true. One just does not send the fox to cure the troubles of the chickens. But we do, because we want to continue feeding at the government trough. Some day Americans will have to wake up! I pray that it is before the window of opportunity closes for These United States of America.

I am so thankful to the Sovereign God of all peoples and governments for the blessings He has given us. I am thankful for His wonderful care and His word which He has preserved for us through the centuries. Would that all of us would study the Bible more diligently and apply it to every area of life. It requires that "What ever we do, it must be done to the glory of God." Each of us must ask ourselves if we are heeding this rule. If not, we must pray for the guidance and wisdom of the Holy Spirit to enable us to be "doers and not just hearers of His law."

Best to each, Doug


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