Thoughts on Markets

Monday, May 18, 2009

The Law-Word of God applies to governments, too!

Wow, look at these graphs. The boyz, central banks, and governments must really be afraid that an escalation in the price of gold will reveal the fraud in their unbacked paper currencies. Both graphs reveal explicit intervention into the precious metals market. The hammer hit both gold and silver at the same time.

I am wondering how long the Lord will allow them to abuse His prohibition against the use of unequal wieghts. That is exactly what is going on with the unbacked paper currencies of the whole world. This is a violation of God's Law-Word and He does not tolerate such violations forever. In fact, the current world financial problems are likely a direct result of His judgment upon us.

The capping of gold was more severe than that of silver. Both are in the process of recovering from the morning slams. Gold is 920.20 and silver is 13.72

Here are some of the miners >> DROOY 8.58; HL 2.92; HMY 10.34; SLW 8.63, AND VGZ 2.11. All have suffered some this morning and are in reasonable buying range. You decide if you want to add to your portfolio.

The DOW is rebounding today and is currently up about 134 to 8405+. It is still early in the day.

Wanted get this out in a hurry.

Best to each, Doug

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