Thoughts on Markets

Monday, February 23, 2009

Gold Down a Bit, but Miners Holding Firm

Silver is hanging in very strongly - Now 14.56 on an up tick.

Gold is holding fairly well and is now 992.90 on a down tick.

The HUI Miners Index and GDX Miners are holding firm. Our trading stocks: DROOY is off 0.49 to 8.68; HMY up 0.07 to 13.12; VGZ up 0.06 to 2.57. Trusts & ETFs CEF up 0.16 to 12.47; GLD up 0.08 to 97.88; SLV up 0.16 to 14.42.

Over all this is good performance for the precious metals and mining stocks. The DJI are off 1.04.66 to 7261. Thus, the general markets remains in crash mode.

This update is going to be short, because I wanted to get the info out ASAP. I am not doing any trading at present, but have my powder dry for when the time is right. I want to add to my mining stocks and precious metals.

Keep your focus on the Lord and serve Him. We have no choice but to do that and live or die in our trespasses and sins.

Best to each, Doug

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