Potential Protection for God-given Family Rights -Metals Down

Gold lower after being hit abruptly in London trading. However, it appears to be moving up some at present. It is now 916.10 on a down tick. Silver is 13.08 on a down tick. The DOW is down over 200 points at the opening. The miners have been hit, too. Both HL and VGZ are just over $2. We may well be able to buy below $2 today. I have orders in for both at 1.85 and 1.75. Will likely buy at anything below $2. The market has just opened.


From MondayMorning today:


Hargett" align="left" border="1" width="60" height="75"> Opening View: GM Faces 'Quick and Surgical' Bankruptcy; U.S. Stocks Plummet
By Joseph Hargett


Obama administration ousts GM leader; U.S. stock futures reeling
U.S. stock futures are trading far below fair value this morning, indicative of a large opening drop for the regular session. The backfire from General Motors Corp. (GM) and Chrysler's viability plans was heard around the globe this weekend, when the Obama administration requested and received the resignation of Rick Wagoner, GM's chief executive officer. Speaking over the weekend, Obama said that the best chance of survival for the duo may require "utilizing the bankruptcy code in a quick and surgical way." In other news, Fifth Third Bancorp (FITB) is selling 51% of its payment processing unit, and MGM Mirage made a payment to continue construction of its CityCenter development in Las Vegas.

This may well be setting the course for the opening which can well continue into the day. The market opens in about 15 minutes, but this looks to be a down day. However, it may change. Governmental meddling will always muddle every thing it touches in an otherwise free market.

For a change - An attempt to protect the family from WorldNetDaily:

WorldNetDaily.com" border="0" width="252" height="42">	A Free Press For A Free People

Who will raise kids: Mom, Dad or state?

Though efforts to pass a constitutional amendment protecting parental rights have failed in the past, two U.S. legislators are preparing to reintroduce the idea this week; and this time, they say, the effort is backed by more than 60 congressional members.

"At a time when government at every level seems to encroach upon the ability of parents to choose the best for their children," Hoekstra writes on his website, "it is important to preserve parental rights into the Constitution." Read it HERE.

It is a shame that in America which was founded on Christian principles, the government has turned its back on the God who so abundantly blessed us and seeks to become the "parent" for children in so many ways. It is sad testimony that we need such an amendment to our Constitution to protect God-given parental authority.

Predictions for short term lower gold prices from MineWeb:

$750 to $1,000/OZ TRADING RANGE

RBC predicts ‘significant volatility' in gold prices

In a recent analysis, RBC Capital Markets warns gold price risks are increased, and "we could see significant corrections" by mid-year.

Author: Dorothy Kosich
Posted: Monday , 30 Mar 2009

RENO, NV -

RBC Capital Markets forecasts the gold price will continue to be volatile "offering an attractive buying opportunity for gold stocks on pullbacks into periods of weak demand in Q2/09 and early Q3/09."

Meanwhile RBC is maintaining its average gold price forecasts of $850/oz for this year, $875/oz for 2010, and $900/oz long-term. Key catalysts for gold are expected to be seasonal demand trends; speculative and investment flows; emerging market flows and scrap gold sales; and U.S. dollar impact.

"As noted above, we expect significant volatility in the gold price, and we could see a trading range from $750/oz to $1,000/oz in 2009,' RBC analysts said.

"Gold equities are also expected to be volatile, as they trend to trade off the spot price and not a projected average for a forecast period," they suggest, adding that they believe the global Tier I and Tier II gold equities are pricing in a long-term gold price assumption of a range of $800/oz to $850/oz. Read it HERE.

More from MineWeb:

CAN'T CREATE PROSPERITY BY PRINTING MONEY

Gold stocks best investment as hard times will last longer and go deeper - Jay Taylor

Jay Taylor* says that gold stocks represent the best investment these days and also argues against the folly of thinking we can cure what ails us by running the printing presses faster and faster to pump more and more paper currency into the economy. Interview with The Gold Report.

Author: The Gold Report
Posted: Sunday , 29 Mar 2009

VANCOUVER, BC -

The Gold Report: What's the premise behind your new radio program, Turning Hard Times into Good Times?

Jay Taylor: The notion is in order to fix a problem, you have to understand it. You have to understand its origins and its pathology. In my view, the difficulties we're having in the U.S. economy and the global economy have been diagnosed incorrectly. Our problem is really due to a monetary system that in essence has no foundation. It's a fiat monetary system unlike the commodity-based monetary systems of the past that put some limit on the amount of credit or debt, if you will, that could be issued. Read the Interview HERE.

It looks to be another exciting day in the market place. Be ready to act after reviewing the opportunities and your own portfolio.

Remember that God is in control, but we are responsible for acting in accordance with His law. This is fact and does not depend upon our beliefs. Our beliefs cannot change fact.

Best to each, Doug