The Christian World and Life View
Folks,
I wanted to remind each of you, that this blog should have been titled Thoughts on Markets, Economics, and all of Life. The goal is to present a Christian World and Life View as contained in our God's Word. His word covers all of life. It is impossible to segment life into Christian and secular. Every action in life is religious in nature. Our individual actions reflect our inward convictions. These presuppositions outflow into all of our activities.
If we attempt to segment our lives into Christianity by worship each Lord's Day, praying and praising God for His blessings as we take our meals, and an occasional prayer and, then, into the secular the rest of the time, it will not work.
Our Sovereign God is a God of the whole person, body and soul. He demands that we live the Christian life 24-7. It is all or none. The Holy Spirit brings the person dead in trespasses and sins to life through the preaching and reading of God's word, He causes this new person to face his sins, and brings him to the foot of the Savior which is the only way to life. Without this, the person faces eternal death in the absence of God. Nothing could be worse.
It it may prayer that as you read this blog, you will be encouraged to become more dependent upon the living God of all and learn to know Jesus Christ as a dear and trusted King. Remember, He must be Lord of your life, or He is not your Savior.
Thank you for reading and I pray this will become a vital part of your life.
Doug
Silver is demonstrating more volatility than gold, but is generally following the same path. It has managed to spend most of the time above $12 which shows strength.
Gold has failed to hold above $900 and must move above about $930 to be well on its way to higher levels. Currently, it is performing with less strength than silver.
Using Street Track Gold Shares Trust as a proxy for gold, we can see that the price remains well above both the 50 and 200 day moving averages, which is a very good sign that the bull market for the metal is strong. Though it is early in the day, I had expected a larger drop in the price as the options expire today. There is time left, but for now the price has not been capped strongly.
Gold is $884.10 and silver 11.98 with both on down ticks. Our DROOY is 6.74 up 0.06; HMY is 11.03 off 0.29; and VGZ is 2.13 up 0.08. I will give all three more time before establishing a trading range. The higher plateau of prices is holding well. I believe that there will have to be another correction in the miners as the rise to these higher levels has been swift.
In the meantime, we are watching the bubble in the U.S. Treasuries. Were it to burst, that would be a very loud BANG! Many dollars have inflated that bubble. There may be pretty bubbles in the air, but all burst sooner or later.
Some interesting stories follow.
From Guardian UK:
Buba could consider selling gold-German lawmaker
This is more than likely rhetoric of a politician. However, there is more on the Internet about it. Is it just rumor?
From The Moscow Times:
While it would not be new if Putin blamed the United States for the crisis, his appearance at the five-day forum will mark the first time that a Russian prime minister attended the gathering of the world's political and business elite since Mikhail Kasyanov in 2002. You can read it HERE.
"Change in the world economic order" sounds much like the New World Order mentioned often by George Bush (the father). Do you think that maybe the current financial chaos is a step in that direction. Someone could come in riding a white horse and establish a world currency. Were it to be backed and interchangeable for gold, it might fly. I, for one, would not like to see it. However, we have a Sovereign God who did not allow the original Tower of Babel. I rest in Him.
From The Financial Times:
S&P/Case Shiller Home Price Index for November down 19.1% and December down 18.2% for a record year on year.
Consumer Confidence December 37.7 which is a record low. November was 38.6.
From Bloomberg: California home prices were down 42% in December, but sales were up 85% over December, 2007.
If you find this blog of value to you, please, pass it on to others. I greatly appreciate suggestions and comments.
Thank you for reading this,
Best to each, Doug
I wanted to remind each of you, that this blog should have been titled Thoughts on Markets, Economics, and all of Life. The goal is to present a Christian World and Life View as contained in our God's Word. His word covers all of life. It is impossible to segment life into Christian and secular. Every action in life is religious in nature. Our individual actions reflect our inward convictions. These presuppositions outflow into all of our activities.
If we attempt to segment our lives into Christianity by worship each Lord's Day, praying and praising God for His blessings as we take our meals, and an occasional prayer and, then, into the secular the rest of the time, it will not work.
Our Sovereign God is a God of the whole person, body and soul. He demands that we live the Christian life 24-7. It is all or none. The Holy Spirit brings the person dead in trespasses and sins to life through the preaching and reading of God's word, He causes this new person to face his sins, and brings him to the foot of the Savior which is the only way to life. Without this, the person faces eternal death in the absence of God. Nothing could be worse.
It it may prayer that as you read this blog, you will be encouraged to become more dependent upon the living God of all and learn to know Jesus Christ as a dear and trusted King. Remember, He must be Lord of your life, or He is not your Savior.
Thank you for reading and I pray this will become a vital part of your life.
Doug
Silver is demonstrating more volatility than gold, but is generally following the same path. It has managed to spend most of the time above $12 which shows strength.
Gold has failed to hold above $900 and must move above about $930 to be well on its way to higher levels. Currently, it is performing with less strength than silver.
Using Street Track Gold Shares Trust as a proxy for gold, we can see that the price remains well above both the 50 and 200 day moving averages, which is a very good sign that the bull market for the metal is strong. Though it is early in the day, I had expected a larger drop in the price as the options expire today. There is time left, but for now the price has not been capped strongly.Gold is $884.10 and silver 11.98 with both on down ticks. Our DROOY is 6.74 up 0.06; HMY is 11.03 off 0.29; and VGZ is 2.13 up 0.08. I will give all three more time before establishing a trading range. The higher plateau of prices is holding well. I believe that there will have to be another correction in the miners as the rise to these higher levels has been swift.
In the meantime, we are watching the bubble in the U.S. Treasuries. Were it to burst, that would be a very loud BANG! Many dollars have inflated that bubble. There may be pretty bubbles in the air, but all burst sooner or later.
Some interesting stories follow.
From Guardian UK:
Buba could consider selling gold-German lawmaker
- Reuters, Tuesday January 27 2009
This is more than likely rhetoric of a politician. However, there is more on the Internet about it. Is it just rumor?
From The Moscow Times:
Putin to Seek New Economic Order at Davos
28 January 2009By Anatoly Medetsky / Staff WriterPrime Minister Vladimir Putin will call for a change in the world economic order and deliver his assessment of what caused the global economic debacle in an opening speech at the World Economic Forum in Davos on Wednesday night.While it would not be new if Putin blamed the United States for the crisis, his appearance at the five-day forum will mark the first time that a Russian prime minister attended the gathering of the world's political and business elite since Mikhail Kasyanov in 2002. You can read it HERE.
"Change in the world economic order" sounds much like the New World Order mentioned often by George Bush (the father). Do you think that maybe the current financial chaos is a step in that direction. Someone could come in riding a white horse and establish a world currency. Were it to be backed and interchangeable for gold, it might fly. I, for one, would not like to see it. However, we have a Sovereign God who did not allow the original Tower of Babel. I rest in Him.
From The Financial Times:
Nations turn to barter deals to secure food
By Javier Blas in London
Published: January 26 2009 23:32 | Last updated: January 26 2009 23:32
Countries struggling to secure credit have resorted to barter and secretive government-to-government deals to buy food, with some contracts worth hundreds of millions of dollars.
In a striking example of how the global financial crisis and high food prices have strained the finances of poor and middle-income nations, countries including Russia, Malaysia, Vietnam and Morocco say they have signed or are discussing inter-government and barter deals to import commodities from rice to vegetable oil.You can read the whole article after FREE registration HERE.
That is absolutely amazing! Nations are involved in barter. Bet you never thought that could happen. Of course, we have all considered it as a possible way of individual and family life were the financial markets to collapse, but nations???? It can happen! What do you have to offer in barter? That is something to consider!
S&P/Case Shiller Home Price Index for November down 19.1% and December down 18.2% for a record year on year.
Consumer Confidence December 37.7 which is a record low. November was 38.6.
From Bloomberg: California home prices were down 42% in December, but sales were up 85% over December, 2007.
If you find this blog of value to you, please, pass it on to others. I greatly appreciate suggestions and comments.
Thank you for reading this,
Best to each, Doug
posted by Doug @ 9:30 AM
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