Thoughts on Markets

Monday, April 27, 2009

Attacks upon 1st & 2nd Amendments - Miners Holding

More actions to ignore or replace our God-given rights which were upheld by the Constitution. Of course Washington has no respect for the Constitution and disdain for our founding fathers. These renewed attacks on our rights are just the tip of the iceberg. More will follow as the anti-constitution engine gathers speed.

This, too, must be part of the judgment of God upon us for turning our backs, as a nation, upon Him and His law. Remember, we either live under God's Law or we will have continual chaos. There is no other choice. The first is a choice for life, and the second is a death wish.

From WorldNewsDaily.com:

Nation's talkers meet on 'imminent threat'
Top hosts hold unprecedented summit to stop efforts at government control


Posted: April 26, 2009
11:09 pm Eastern

© 2009 WorldNetDaily

WASHINGTON – Putting aside their own competitive interests, representatives of more than two dozen of the nation's top talk shows held an unprecedented private meeting over the weekend to brainstorm strategies against what they agreed are government plans by to squelch critical political speech on radio.


Organized by Brad O'Leary, author of the new book, "Shut Up, America! The End of Free Speech," and Joseph Farah, editor and chief executive officer of WND, the group chose one attendee to be spokesman and chairman of the coalition – syndicated host Roger Hedgecock of San Diego.

A daylong discussion today focused on what was described as the "imminent threat" of so-called "localism" requirements that will subject radio programming to the review by panels of community activists who will evaluate station content. These panels will be empowered to make recommendations for programming changes and challenge at the Federal Communications Commission the licenses renewals of stations that don't heed their advice.
Read it HERE.

From NRA:

Brady Campaign And Lautenberg Unite To Mislead And Control--Again

Friday, April 24, 2009

This week, in a typically misleading move designed to bolster their political agenda rather than reduce violent crime, the Brady Campaign released a report calling for background checks on "all gun sales in America, including at gun shows." The Brady report was intentionally designed to correspond with, and bolster, a "gun show loophole" bill (S. 843) introduced this week by fanatical anti-gun Senator Frank Lautenberg (D-NJ). In fact, the Brady report was released at the press conference Lautenberg held earlier this week.

Paul Helmke, President of the Brady Campaign, said in the group's press release, "We can do this. It will have no impact on any law-abiding gun owner in the country." Of course, that is absolutely false—the proposal will ONLY impact law-abiding gun owners, including any law-abiding person selling a firearm to a law-abiding buyer. Does Helmke really think that criminals, drug cartel members, and violent gang thugs are going to start legally purchasing firearms and submitting to a background check? Law-breakers, by definition, break the law. They are criminals; they are predatory, they operate outside of the law. You know that, we know that, Lautenberg knows that, even Helmke knows that. Read it HERE.


Here is a look at the gold graph today. It is obvious that the boyz were at it again. But look at the downward spike followed by an strong upward leg. There is buying out there in spite of the War Against Gold.
Silver suffered a more gentle downward move which was, also, following by a strong upward spike. Gold is at 907.03 on a down tick and silver 13.01 on an up tick.
It is early in the day, but I am thinking trailing stops in the range of 10%, and possibly higher. The mining stocks are, as follows: DROOY 8.06 -0.42;HL 2.35 +0.13; HMY 9.70 -0.06; SLW 8.15 +0.06, and VGZ 2.31 -0.03. All are holding well.

From MineWeb.com:

Gold one of best asset plays, but copper due for pullback - and don't count on China!

Bullish on gold, platinum, palladium and natural gas, but far from bullish on the recovery, which he sees happening later than expected. Interview with John Licata from The Gold Report.

Author: The Gold Report
Posted: Monday , 27 Apr 2009

VANCOUVER, BC -

The Gold Report: John, you've said that you are not bullish on the recovery. We've recently noticed that things are starting to pull back. What's causing the pullback, in your opinion? Why isn't there more euphoria about some of the recently released earnings?

John Licata: We've been hearing from many companies, prior to earnings releases, that the second half of this year was going to look a lot better. Once these companies actually started to release earnings, however, we started to hear that recovery could be pushed back in 2010. Read the interview HERE.

From MineWeb.com:

Harmony Gold shuts mine to aid rescue efforts as workers trapped

Harmony has shut its Tshepong gold mine in South Africa to allow rescue efforts following a fall of ground which has trapped two workers. The company is not sure whether workers alive or dead.

Posted: Friday , 24 Apr 2009

JOHANNESBURG (Reuters) -

Harmony Gold Mining Co. (HARJ.J: Quote), the world's No. 5 producer said on Friday it had temporarily stopped production at its Tshepong mine in South Africa after a fall of ground trapped two workers underground.

"The mine is not blasting and is not producing so as to prevent further danger to our employees," Marian van der Walt, Harmony's executive of corporate and investor relations said.

"The rescuers are working vigorously trying to rescue the two workers who are still trapped underground." Read it HERE.

From Business Intelligence Middle East:

Dubai bullish as gold imports rise 15% in first quarter
Source: BI-ME and Reuters , Author: BI-ME staff
Posted: Mon April 27, 2009

Dubai's gold imports in the first quarter of 2009 grew to 140 tonnes, up 15% from the same period of the previous year, according to data from Dubai World Group.

The value of the gold trade rose nearly 5% to US$7.4 billion in the first three months of the year when compared with the first quarter of last year, data showed.

Dubai exported 116 tonnes of gold in January to March. Switzerland and India were the top exporters to the emirate in the quarter, while Pakistan and India were the leading importers from Dubai. Read the article HERE.

From Reuters:

India gold jewellers: festival sales down sharply

Mon Apr 27, 2009

* Several jewellers say sales down 20-40 percent on year

* India gold price up 27 percent on year weakens demand

* Festival seals fate of poor first-half India sales

By Ruchira Singh and Siddesh Mayenkar

MUMBAI, April 27 (Reuters) - Several Indian gold jewellers said their sales on a major gold-buying festival on Monday are likely to be down 20-40 percent on year, with rising prices and an economic slowdown hitting consumers' spending capacity. Read the article HERE.

I wonder how low we will have to sink before we return to the God of our fathers. It is amazing how low our nation has fallen. Let us, as families and churches turn back to the Sovereign God of all that our nation may be healed.

Best to each, Doug







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