Thoughts on Markets

Wednesday, May 20, 2009

Metals Still climbing into the night.

Folks, Here is a glimpse of what is happening over night. First, the miners performed very well today. I was once again stopped out of a portion of my trading stock, but not all. The miners were on a run upward encouraged by the higher price of the metals.

Gold is continuing its run above 941. When/if it goes above about 960 in the near future, it is on its way much higher. There is uncertainty in the air and many are running to the safety of the precious metals.
Silver is performing well, too. Of course, the boyz with the very deep pockets can upset this apple cart any time they desire. However, they seem to be standing aside for the time being.
Gold 942.10 up 4.90 and silver is 14.28 up 0.03. Both are on up ticks. We may well be in for another up day for the miners and the metals.

All is in the hands of the God who loves His people and from whose love nothing anywhere can separate us from this wonderful blessing. These markets are under His control, as well.

Rest in Him securely.

Best to each, Doug

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