Precious Metals Up in Asia - Judgment is Coming

I trust that each of you took advantage of the opportunity for corporate worship today. It is a wonderful experience to fellowship with fellow believers who meet together to praise, thank, and worship the Lord our God.

Participation in the sacrament of the Lord's Supper is a joy. We share fellowship with believers of all times -- past, present, and future. Jesus Christ told us that we should do this and as often as we do it, we should recall and meditate upon His might works through the ages and the fact that He is to come again for the final judgment. It is at that particular time when it will be a time of rejoicing and celebration for all who are His joint heirs. It will not be a time of rejoicing for the other people.


Gold is looking quite strong in Asian trading tonight. It could be capped again at the opening in NY, but that is not for us to know at present. Currently, gold is at951.50 up 11.90 and silver is 13.27 up 0.16. The bear is raging through the general market with both the DJI and Transportations reconfirming with new lows. This is CRASH MODE! We best not fight the trend. It will be wise to closely follow our mining stocks this week.

We may be offered new buying opportunities. I will try to provide and update when the US markets open.

This from Business Intelligence Middle East will most certainly increase the demand for precious metals:

Dubai gold tradeable security to be launched Monday

Source: BI-ME , Author: BI-ME staff

Posted: 27-02-2009 Read the article HERE.

From USNews:

Obama's $646 Billion Cap-And-Trade Green Tax

February 26, 2009 11:09 AM ET | James Pethokoukis |

As I see it, the most important single item in President Obama's budget is his commitment to a cap-and-trade plan (to limit and reduce carbon emissions). It represents nothing less than an absolutely breath-taking attempt at reengineering the entire American economy. The White House expects the system will begin generating revenue for the government in 2012. By auctioning off carbon permits, the White expects the plan to bring some $80 billion a year between from 2012 to 2019. Read it HERE.

From White House Press Office:

Friday, February 6th, 2009 at 12:00 am

Executive Order: Use of Project Labor Agreements for Federal Construction Projects

THE WHITE HOUSE

Office of the Press Secretary

For Immediate Release
February 6, 2009

EXECUTIVE ORDER

- - - - - - -

USE OF PROJECT LABOR AGREEMENTS FOR FEDERAL CONSTRUCTION PROJECTS

By the authority vested in me as President by the Constitution and the laws of the United States of America, including the Federal Property and Administrative Services Act, 40 U.S.C. 101 et seq., and in order to promote the efficient administration and completion of Federal construction projects, it is hereby ordered that:

Section 1. Policy. (a) Large-scale construction projects pose special challenges to efficient and timely procurement by the Federal Government. Construction employers typically do not have a permanent workforce, which makes it difficult for them to predict labor costs when bidding on contracts and to ensure a steady supply of labor on contracts being performed. Challenges also arise due to the fact that construction projects typically involve multiple employers at a single location. A labor dispute involving one employer can delay the entire project. A lack of coordination among various employers, or uncertainty about the terms and conditions of employment of various groups of workers, can create frictions and disputes in the absence of an agreed-upon resolution mechanism. These problems threaten the efficient and timely completion of construction projects undertaken by Federal contractors. On larger projects, which are generally more complex and of longer duration, these problems tend to be more pronounced. Check it out HERE.

Remember these ads promoting Made In USA by union workers >> Click HERE. You should be hearing more of these type ads or legislation of trade barriers.

More of this labor union pandering is on the way with this White House. You should expect it in spades as the push for larger government, central planning, and socialism advance to the fore front. Trade barriers are on the way, too. That is disastrous to international trade and has led to many wars in the past.

You should really listen to this CNN Youtube video >> Click HERE. Watch it again with the whole family!

From The Examiner:

America's biggest problem is big government

By Dr. Gary Wolfram
- 2/26/09

It is clear that members of the Democratically-controlled Congress and President Barack Obama have either not read or have choosen to ignore the 10th amendment to the United State constitution.

That’s the amendment that reads: “The powers not delegated to the United States by the Constitution, nor prohibited by it to the States, are reserved to the States respectively, or to the people.”

In his recent address to the joint session of Congress, Obama, cheered on enthusiastically by Speaker of the House Nancy Pelosi, D-CA, declared how the federal government will become more fully involved in the financial industry, the auto industry, the health care industry, the energy industry, higher education, and K-12 education among other things.

This speech reflects an attitude of a federal government that is unbounded in its powers and responsibilities. It is consistent with the so-called stimulus package that contains a vast array of federal government intrusions into the private sector and what are properly the responsibilities of state government. Read the article HERE.

From Commodities OnLine:

Why China wants to buy $93 billion worth of gold

2009-03-01 15:15:00

Commodity Online
BEIJING: Chinese investors beware! Don’t get trapped in the glitter of gold. In China, investors have been rushing to gold following the crash of global markets. Read the article HERE.

Best to each, Doug