10th Amendment Action by States

Folks,

I have omitted the gold and silver graphs today, because tomorrow is the expiration day for gold futures, and I fully expect the boyz to be actively pushing the price down so the options expire worthless.

If I am correct in this assumption, it could be a big opportunity for us to add to our portfolios and trading stocks of miners. Gold is currently 926.30 on an up tick and silver is 13.44 even today. The trading miners are, as follows: DROOY 9.18; HL 2.06; HMY 11.43, and VGZ 2.06. I like DROOY well below 9; HL below 2; HMY below 10, and VGZ below 2. All may experience a dip tomorrow. We will have to watch closely and keep our powder dry to be able to jump in rapidly.

The following article by Walter E. Williams gives and update on the 10th Amendment resolutions by several states. This is a very important move, but other states must follow and stronger legislation is required as he says. I urge you to read the entire article. We must find a peaceful means of stopping the out of control federal government. The states must interpose themselves between the citizens of each state and the federal government or we are lost. A good government under God's Law protects the life, liberty, and property of citizens and private businesses. It does not intervene in the market place, nor does it seize ownership of businesses.

From TownHall:

Wednesday, March 25, 2009

States Rebellion Pending

by Walter E. Williams

Our Colonial ancestors petitioned and pleaded with King George III to get his boot off their necks. He ignored their pleas, and in 1776, they rightfully declared unilateral independence and went to war. Today it's the same story except Congress is the one usurping the rights of the people and the states, making King George's actions look mild in comparison. Our constitutional ignorance -- perhaps contempt, coupled with the fact that we've become a nation of wimps, sissies and supplicants -- has made us easy prey for Washington's tyrannical forces. But that might be changing a bit. There are rumblings of a long overdue re-emergence of Americans' characteristic spirit of rebellion.

Eight state legislatures have introduced resolutions declaring state sovereignty under the Ninth and 10th amendments to the U.S. Constitution; they include Arizona, Hawaii, Montana, Michigan, Missouri, New Hampshire, Oklahoma and Washington. There's speculation that they will be joined by Alaska, Alabama, Arkansas, California, Colorado, Georgia, Idaho, Indiana, Kansas, Nevada, Maine and Pennsylvania. The entire article is a good and necessary read HERE.

From Bloomberg:

Japanese Young Boost Gold Buying Amid Recession, Retailer Says

By Yasumasa Song

March 23 (Bloomberg) -- Young Japanese retail investors are turning to gold purchasing plans at an unprecedented rate as they seek to protect their finances amid a deepening recession, an official at the nation’s largest bullion retailer said. The article is HERE.

Even the Japanese young people are beginning to see the hand writing on the wall. FIAT currencies are the means for governments to control citizens and seize whatever wealth they have.

From MineWeb:

Beware base metals optimism - stick to gold and silver for wealth protection

Base metals may still be vulnerable as global industry remains well below its peaks so gold and perhaps silver probably remain the best bets for wealth preservation for the moment.

Author: Lawrence Williams
Posted: Wednesday , 25 Mar 2009

CAPE TOWN -

Base metals have been having a reasonably good run of late - copper in particular - where some heartening Chinese figures have led to a degree of market optimism that could yet prove to be a misjudgment by the investment community. While indeed base metals prices may have come back too far at their nadir, the fundamentals for sustained or increasing price levels do not look so good in the short term. Longer term, maybe, the impact of closures and new project delays will likely lead to shortages developing, but this may still be some way away. However be warned, the recent Chinese upswing may be an awful lot more fragile than it appears at first sight and while that country's domestic infrastructure building programme could make matters less bad than they might be without it, the virtual collapse of Western industrial demand for metals, with no real signs yet that this phase is over, does not bode well for short term price performance. Read it HERE. More support for the precious metals.

From MineWeb:

Which way will you make your play in gold? - Barry Allan

Consistently ranked as one of the top-10 gold and precious metals mining analysts in Canada, Research Capital's Senior Vice President and Director Barry Allan offers a well-rounded perspective on the mining sector that combines geological fieldwork, equity research and finance. Interview with The Gold Report.

Author: The Gold Report
Posted: Tuesday , 24 Mar 2009

VANCOUVER, BC, CANADA -

The Gold Report: Let's start with your economic overview. Where do you see things going?

Barry Allan: I characterize it as my 35,000-foot view. Generally speaking, right across the board we remain positive on the prospects for gold and silver. We look at silver as really a derivative of gold. If we're bullish on gold, as we are, we are also bullish on silver. Read it HERE.

From Investor Resource:

Gold stock index ratio analysis

By Lorimer Wilson
24 Mar 2009 at 09:29 PM GMT-04:00

Here's a review of the most popular gold mining company indices and how they can be used for determine the future movement of the precious metal.

---

Trading without indicators is like running blind and it encourages emotional trading that is the bane of successful investors. Below are brief descriptions of five of the most popular gold mining company indices and how they should be used in conjunction with the price of gold to determine the future movement of gold bullion and gold mining stocks. . . .

How Best to Apply the Gold:HUI, Gold:XAU, Gold:GDX, Gold:XGD and CDNX:XGD Ratios
The Gold/HUI, Gold/XAU, Gold/GDX and Gold/XGD Ratios divide the daily close of the price of gold by the daily close of the price of the particular index and when charted over time provide an excellent running representation of relative strength and weakness between the two variables. This is a very interesting read providing a lot of good insight. Read it HERE. I plan to study this in detail.

From Monday Morning:

The Three Ways China May Deal With Growing U.S. Debt

By William Patalon III
And Jason Simpkins
Money Morning Editors

Although there’s a veritable laundry list of obstacles that could blunt the U.S. government’s ongoing economic turnaround efforts, its single-biggest challenge may come from its single-biggest creditor - China. China presents the U. S. with a real financial threat that cannot be ignored. Read it HERE.

From Financial Times:

Goldman working on iShares bid

By Martin Arnold and Jane Croft in London and Henny Sender in New York

Published: March 23 2009 20:18 | Last updated: March 24 2009 00:00

Goldman Sachs is working on a bid for iShares, the fast-growing asset management business that is being auctioned by Barclays.

Bids for the business, which are due by the end of next week, could put a valuation as high as $6.5bn (£4.5bn) on the manager of exchange traded funds – the listed investment vehicles that track a market benchmark, an asset or a basket of shares, according to one person close to the process. This is bad news for SLV, since it would give managership of SLV to one of the biggest of the boyz in the intervention business. Read it HERE.

From The Daily Pfennig: "Just yesterday I read an article in the New York Times regarding the Saab Automobile company. GM, who owns a majority share of Saab has asked the Swedish government to help keep Saab afloat. But Sweden's answer, "The Swedish state is not prepared to own car factories." Basically Sweden has told GM tough luck, let the chips fall where they will. If Saab has something that someone wants, a buyer will emerge. If not, then Saab will shut down and another, better run, more efficient firm will fill its place." At least the Swedish government has some intelligence which gave it the courage to say NO to business ownership. America is moving to ownership of financial institutions and automobile industries. What is next in this grab for greater central control of citizens a and business. We need to let failed businesses go bankrupt and be replaced by more efficient businesses. The alternation is fascist government.

Keep your focus on King Jesus and His Kingdom. He cares greatly for His people.

Best, Doug