Metals & Miners are Rebounding - The Triune God is in Control

I rest in the fact that the Triune God of all is in absolute control of everybody and every thing. That provides a significant peace to all His people. We, as mere mortals, continually foul everything we can, but even our mistakes are part of His Sovereign plan. Though we goof, He means it for the eventual good of His people.

So, in fact, we must thank God for the world financial problems. Certainly, we will suffer, but realize that God means it for our good. Perhaps, many will be brought into the kingdom as they suffer through the maze of unemployment, financial disaster, and possible collapse of nations. We must pray to the Lord for wisdom and knowledge of what He is teaching us through these seemingly dark days.

We are to give thanks in every situation as Scripture tells us. Rest in Him.



The graphs, above show strong upward pressure on both silver and gold. At this time silver is 13.40 up 0.16 and gold is 941.90 up 9.50. Both are on up ticks. The mining stocks are following the metals. I have put 5-6% stops on some DROOY and HMY. Our trading stocks, are as follows: DROOY 9.35, HMY 11.59, and VGZ 1.944. Both HMY and VGZ are in a reasonable buying range for me. However, I bought earlier this week very heavily at lower prices, for which I am thankful to the Lord for providing the opportunity. I hope that many of you took advantage of the opportunity, as well. You might consider trailing stops to protect the profit, as I did.

GLD, our proxy for gold is moving well reflecting the price of the metal. It is still wise to buy the metals, themselves. Many do not trust the ETFs since they are paper representations of the metals. I believe that the CEF is a reasonable choice which gives one the opportunity to trade in the metal without the challenge of security. The metals themselves are requiring significant premium when they are available.

Folks, You must listen to the video HERE. This makes fun of all the optimistic reporting of CNBC. You will learn to wonder where CNBC gets its information. Are they simply passing on the optimism of the CEOs of failing companies? Spend ten minutes to hear it. Ask yourself after hearing it, should I pay attention to what they report?

The video really lays it on CNBC with examples of how they have misled the public time after time. It also blasts "mad" Cramer. It is definitely worth a listen. Check it out.

From The Market Ticketer:

Unemployment: WOW

Here's the Government's view of it:

Nonfarm payroll employment continued to fall sharply in February (-651,000), and the unemployment rate rose from 7.6 to 8.1 percent, the Bureau of Labor Statistics of the U.S. Department of Labor reported today. Payroll employment has declined by 2.6 million in the past 4 months. In February, job losses were large and widespread across nearly all major industry sectors.

The "headline" number is that unemployment is now 8.1%. Read the article HERE.

The unemployment is getting very scary. We are about to reach record levels which many folks in America have never seen. There are many families without income during these bad economic times. There seems to be no light coming to us from the end of the tunnel. We are very likely a long way from the end of this debacle. Cut spending, hold on to your job if you have one, and build an emergency fund. This is very serious!

From Mine Web:

TREND REMAINS UPWARDS

Gold on way up - again, but beware volatility

Gold and silver look to be on the way up again after their recent pause for breath as markets in general remain unstable and vulnerable to further downturns.

Author: Lawrence Williams
Posted: Friday , 06 Mar 2009

LONDON -

After over a week of straight losses which have seen the gold price plunge back to close to $900 an ounce after its heady run to a brief spot price of over $1,000, it looks to be back on the upward path again with good gains which have taken it up to the $940 level in a single day's trading.

There have been a number of factors which have affected the price in recent days and as one or more of these continues to come to prominence in the eyes of the investment world the gold price - and the silver price which is still pretty much tracking gold - will continue to show volatile price movement. But overall it looks like the positive factors moving the price upwards will more than counter the negatives - although this is quite a fine balance. Read it HERE.

More from Mine Web:

Gold on top: Ranking 18 global mining sectors

Gold and silver stocks are relatively top performers, while diamonds, non-Asian coal, and nickel stocks, sit at the sorry bottom.

Author: Barry Sergeant
Posted: Wednesday , 04 Mar 2009

JOHANNESBURG -

The past 12-month performance of 947 listed resources stocks around the world shows unequivocally that gold and silver stocks not only dominate relative outperformance within the broader resources sector, but that these stocks also qualify to rank as the top outperformers across all equity subsectors. On the flip side of the coin, there are some very sorry looking underperformers at the other end of the scale among 18 resources subsectors. Read it HERE.

Folks, These are exciting times. In fact, all times are exciting. We must face each day with renewed trust in the Lord and look for the opportunities He continually provides. Thank Him for each day and recognize that each day is a day that the Lord has made for us. We must rejoice and be glad in each and every one. It is only when we feel sorry for ourselves that we are bored. Seek you first the Kingdom of God and His righteousness, then He will meet all our needs.

Best to each, Doug