Great God - New Day - New President - Same Problems

Both gold and silver are up today while the DJI are down some 115 to 8162. Gold is currently 854.80 and silver 11.28 with both on up ticks. The mining stocks are looking upward, too. Here are some AGXM .27; CDY 1.11; CDE .81; DROOY 5.68; GDX (Miners Index) 31.06; GFI 8.17; GG 26.96; GSS 1.10; HMY 9.84; IAG 6.19; KGC 18.40; KRY .17; NEM 39.08; PAAS 15.81; SLW 6.14; SSRI 17.71; VGZ 1.40; XRA 2.00, and TRUSTS & ETFs CEF 10.31, and GLD 84.31.
Most are up today.

From the Daily Pfennig today: "Front and Center this morning, I have two quotes from people I truly respect... first from Jimmy Rogers... second from Stephen Roach...

"If I were you, I would be worried about the U.S. dollar," said Rogers, 66, in a speech at the Asia Financial Forum in Hong Kong today. "The Americans are printing U.S. dollars. The Americans are going to do whatever they can to revive their economy, even if it means destroying the U.S. dollar."

And at the same Asian Forum... "

Stephen Roach, chairman of Morgan Stanley Asia Ltd., recommended investors buy "anything to do with the Asian consumer, infrastructure, alternative energy and technology.""

I totally agree with Jimmy Rogers on the dollar and am inclined to agree with Stephen Roach on Asia. Asia is becoming the power house of the world. It has joined the world in the slump, but I believe their slump will be less than ours.

From Town Hall:

Tuesday, January 20, 2009

Lured to Disaster

by Thomas Sowell

Behind the housing boom and bust was one of those alluring but undefined phrases that are so popular in politics-- "affordable housing."

It is hard for me to know specifically what politicians are talking about when they use this phrase. But then politics is about evoking emotions, not examining specifics.

In looking back over my own life, I find it hard to think of a time when I didn't live in affordable housing. Read it HERE.

Yes, when government moves in to make everything easy and less costly for the "poor." Others must pay when the intervention causes greater problems for all without solving the perceived problem.

News on Harmony Gold (HMY) from Mine Web this morning:

Harmony to boost margins in trying times

Harmony Gold tells why the company is in a position to benefit from opportunities created by the financial crises.

Author: Tessa Kruger
Posted: Tuesday , 20 Jan 2009

JOHANNESBURG -

While numerous mining companies have announced cuts in capital expenditure and the suspension of production at operations, gold producer Harmony Gold says its capex plans remain and the company will stretch margins in these trying times.

The company said its capital expenditure plans were still intact despite the impact of the world financial crises on the mining sector. Its pipeline of projects was the future of the company and it regularly reviewed its cash flow to ensure it supported the continuation of the projects that were the low cost mines of the future. Read the article HERE.

More on HMY:

After fatality, Harmony to lose gold production

Harmony Gold is expected to lose up to 1,412 ounces of gold at its Elandsrand mine due to a two day closure following a fatal accident.

Author: Muchena Zigomo
Posted: Monday , 19 Jan 2009

JOHANNESBURG (Reuters) -

Harmony Gold is expected to lose up to 40 kg (1,412 ounces) of gold at its Elandsrand mine due to a two day closure following a fatal accident, a company official said on Monday.

"It's expected that the mine will not produce gold for at least two days, today and tomorrow, to enable us to finalise the investigation," Harmony Chief Operating Officer Alwyn Pretorius told Reuters. Read it HERE.

Mine Web report on DRD Gold (DROOY):

167 workers rescued at DRD's Blyvoor shaft after "act of God"

DRD Gold says it will catch up with lost production at its Blyvoor mine's shaft 5 struck by a lightning. 167 Workers were rescued after spending 20 hours underground.

Author: Tessa Kruger
Posted: Monday , 19 Jan 2009

JOHANNESBURG (Reuters) -

DRD Gold hopes to resume production at its number five shaft at Blyvoor mine on Monday night after 275 workers were trapped over the weekend after an "act of God".

The company does not anticipate production losses from this important shaft. Read it HERE.

We must pray that God will use Obama to solve the financial problems we face by returning to biblical free market concepts and God's Law. He would be wise to uphold the Constitution as he will swear to do today.

We must raise generations of children who understand God's Law, are committed to serving God, and are prepared to go out into the world as the light and salt as the bible requires Christians to do. They must be diligent in the study of God's word else, they will not know their responsibilities. Of course, they will need to be able to earn a living or manage a home in accordance with their callings, but their first, primary responsibility is to be a servant of the Living God.

This is the way to bring these United States of America out of the pagan slump into which we have moved. We must not continue to be the nation that follows the course that Hollywood and television have laid before us. I am firmly convenced that we must become discerning in the what we watch in movie houses and on our televisions. The current offerings are anti-Christian, anti-family, and solidly against the patriarchial society prescribed by God.

We are all slaves to either Satan or King Jesus. The first master brings death, the second brings a life of freedom and joy. The second master even brings peace when troubles are brought into our lives. Which do you serve?

Best to each, Doug