Metals Soar - More on States' Right - Medical Disaster
The world seems to have forgotten Who the Creator is. Most have most certainly forgotten Who the only Savior is. Therefore the masses look to the state as the messiah. It has become their idol. Ask yourself, how many times have government programs solved the problem they were conceived to address? How many times have our politicians told us the truth? They dare not, because their main goal in life is to be reelected. Were they to reveal the failures of government, they would be tarred and feathered on the way out of Washington, Austin, and other capitals.
Our nation must once again return to the God of all. King Jesus reigns supreme and governments and people live or die by His will. All must submit to Him and be obedient to His law in the Bible. We must study His word until it so fills our minds and hearts that we will not sin against Him. That is THE WAY, THE TRUTH, and THE LIFE. It is a life or death choice. There is no in between.
The precious metals and mining stocks have jumped upward today. Gold is 941.50 on an up tick.
Silver is in there, too. It is at 13.59 on an up tick.Virtually all of the mining stocks are soaring. DROOY is $9.00; HMY $12.35, and VGZ is $2.46. The ETFS and Trusts are CEF $11.71; GLD $92.63, and SLV $13.426. The miners ETF (GDX) is 36.40. With all the hype on gold these days, one wonders if this is it or just another false start. I have put 5% trailing stops on some, not all of my mining stocks. My contrarian caution is still causing me to wonder. One of these days, the upward jump will be the beginning of the Gold Rush.
The DJI are up a measly 57.42 to 7946+. It is still below 8000. Yesterday was a trash market day. As always, "Buyer Beware!"
From Resource Investor:
Old News for Gold Bugs
By The Mogambo Guru
10 Feb 2009 at 04:21 PM GMT-05:00
It looks like the rush to buy gold is really getting started
02/09/09 Tampa Bay, Florida - It looks like the rush to buy gold is really getting started, as Julian D. W. Phillips of GoldForecaster.com reports that “the combined gold holdings of the World Gold Council gold Exchange Traded Funds and Barclays Gold Trust” has grown to “1079.83 tonnes, a growth of almost 70 tonnes in two weeks.”
And this is just part of the good news, as “There are many other gold bullion-holding funds in the developed world from
More from Resource Investor:
Gold Futures Upside Potential
By VantagePoint Trading
09 Feb 2009 at 03:16 PM GMT-05:00
Trading advisory from VantagePoint Intermarket Analysis
Wesley Chapel,
More from Resource Investor:
The Seasonality of Gold
By Craig Stanley
09 Feb 2009 at 10:14 AM GMT-05:00
The timing of offerings from precious metals firms coincides with a strong seasonal trend in the gold price – but one that is not statistically significant.
From Truthout:
States Push to Take Back National Guard
Wednesday 11 February 2009
by: Maya Schenwar, t r u t h o u t | Report
Dobbs." title="National Guard Sgt. 1st Class Michael Dobbs.">
National Guard Sgt. 1st Class Michael Dobbs. Some states are calling for a halt to National Guard deployments to Iraq. (Photo: Staff Sgt. Jon Soucy / US Army)
Going on its seventh year, the Iraq war has taken its toll on not only the US military, but also on the states's National Guard units, which were called up when Congress passed the 2002 Authorization to Use Military Force (AUMF) against Iraq. Now a growing state-level movement is working to keep the Guard at home. Read the article HERE.
This great news is being picked up from more sources. This should excite the heart of every patriotic America. States' rights are once again being sought. This is a praise the Lord!
From Bloomberg:
Ruin Your Health With the Obama Stimulus Plan:
Commentary by Betsy McCaughey
Feb. 9 (Bloomberg) -- Republican Senators are questioning whether President Barack Obama's stimulus bill contains the right mix of tax breaks and cash infusions to jump-start the economy.
Tragically, no one from either party is objecting to the health provisions slipped in without discussion. These provisions reflect the handiwork of Tom Daschle, until recently the nominee to head the Health and Human Services Department.
Senators should read these provisions and vote against them because they are dangerous to your health. (Page numbers refer to H.R. 1 EH, pdf version HERE).
The bill’s health rules will affect “every individual in the United States” (445, 454, 479). Your medical treatments will be tracked electronically by a federal system. Having electronic medical records at your fingertips, easily transferred to a hospital, is beneficial. It will help avoid duplicate tests and errors.
But the bill goes further. One new bureaucracy, the National Coordinator of Health Information Technology, will monitor treatments to make sure your doctor is doing what the federal government deems appropriate and cost effective. The goal is to reduce costs and “guide” your doctor’s decisions (442, 446). Read the article HERE.Remember when Hilary tried this a few years back. The liberals never give up. One has to give them a heads up on persistence. However, this would be a disaster! This is rationed health care and limited by the pencil pushers, not your doctor. Your doctor would have to have permission for any expensive treatment before it can be administered. It is deceptive that it is being sneaked into the big bail out package. How's that for the transparency in government promised by our new president.
"What strange madness is this? Why would anyone think the economy will be made better off by squandering money now on projects that were deemed unworthy or unaffordable only a few months ago? The country got into trouble because people squandered too much money; now they think they will get out of trouble by letting the government squander money." - Bill Bonner, The Daily Reckoning, February 10, 2009
From Zero Hedge:
Tuesday, February 10, 2009
A Glance At The Upcoming Eastern European Cataclysm
From The Independent UK:
'This is the worst recession for over 100 years'
Ed Balls, the PM's closest ally, warns that downturn is ferocious and says impact will last 15 years
Tuesday, 10 February 2009
Britain is facing its worst financial crisis for more than a century, surpassing even the Great Depression of the 1930s, one of Gordon Brown's most senior ministers and confidants has admitted. Read the article HERE.
The economic news from around the world is anything but good. We seem to be going from bad to worse day by day. The solutions tried and proposed seem to have little impact. They should be seen as the very plans which brought us to this situation in history. We are following the failed steps of Japan during their long battle with recession/depression. They are still not out of the woods.
We must keep our eyes firmly focused upon the Savior.
Best to each, Doug
posted by Doug @ 10:10 AM
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