Thoughts on Markets

Sunday, March 29, 2009

Possible Buying Opportunity Tomorrow - March is Soon Over

Gold may be heading lower over night. It will be interesting to see if it stays that way for long enough for us to add to our trading stock. Gold is 923.30 up 0.20 and silver 13.32 off 0.02. The mining stocks have somewhat decoupled with the precious metals as we saw last week.

I am looking to add to both HL and VGZ, but would like to do so under 2.00. I have a buy order for both @ 1.75, but would be a buyer at 1.80, and possibly at 2.00 if they remain fairly strong.

We should have a buying opportunity soon, likely this week.

We make "educated " guesses, but God control everything and know His plan before He fully reveals it to us. We can only plan using the best information we have, but we must study Scripture to learn about God and His law.

If you missed corporate worship today, you have given God a lower priority than He deserves for the many ways He blesses us.

Best to each, Doug

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