Thoughts on Markets

Sunday, June 21, 2009

Silver Creamed in Asia Tonight - Gold Plodding Along

Here it is evident that silver has been hammered in Asian trading. Thus, we should expect that HL and SLW will be in buying range tomorrow as NY trading opens. The boyz have been busy again in the light trading in Asia. They certainly took advantage of this opportunity to slam silver down. I believe that silver is their real target. The shorts on silver are quite large, thus, they are interested in bringing the price down for their advantage and do not care if it penalizes the smaller investors.

Gold is continuing to plod along with not much range in price nor in volume. We may see the miners in buying range tomorrow in NY. We will have to check early to see if this is a real buying opportunity. I have committed a good bit of my reserve cash and will be looking to take some profit on the next upward move if it is strong enough. I do not believe that I will engage in very active trading, because I am always concerned about selling during an increase and then feel locked out as prices move farther upward. It has happened many times before. However, when trading, it will only be with the stocks and options, not the metals.

This was another wonderful Lord's Day and a celebration for fathers and families. It is a time for reflecting upon the providence of God which has provided opportunities for fathers to sheppard their families in the way of the Lord. It is a time when fathers should be the spiritual leaders of their families encouraging them to carry on the kingdom work that fathers and grandfathers have begun.

It is important that young men lead that they are likely to be fathers in the future and that they must begin to diligently study the word of God to recognize the responsibility of being a father and leading their families in the way of the Lord. Even very young children must be on the path of committing a great amount of scripture to memory and diligently studying scripture that they will be equipped for the task that lies ahead of them.

Young girls and women must learn to be good help meets for the husbands that God will bring to them in His time. Being a helper to a God given husband is a holy calling for women, and they, too, must study scripture to learn how to perform this Godly, honorable task. While the feminists of today would teach them otherwise, there is no higher calling than that of being a wife and mother.

I trust that each of you joined in corporate worship today in accordance with God's word. This is an important part of the Christian life which is too often neglected today as America has moved away from our Christian heritage. Our once great nation was founded under the strong influence of Calvinist Christians. Due to this, the providence of God was poured out on these United States over and over again. Without this providence, we would have never have grown into one of the most blessed nations the world has ever seen. We still enjoy many of these blessings, but they have become dimmed as we have turned our backs upon the Sovereign God of all.

King Jesus reigns supreme and to ignore this is death. But to live in His love and serve His is the only way of life.

Best to each, Doug

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