Thoughts on Markets

Thursday, July 30, 2009

The Democrats Want Your Kids

There is a hint of a reverse head and shoulders formation (Note to short purple lines) which would be a positive indicator. There is a small purple dot at the present price of gold today. Also, observe the saw teeth formation across the two months. Will this pattern be repeated now? That is the question which will be revealed to us as the market moves onward. Tomorrow is Friday and very often it is a weird trading day. Gold has moved up to 933.60 now.

If you were able to follow my lead and buy DROOY @ 7.10-7.12 range yesterday, you are up early today. In fact, you could have sold, if you wanted to, for about 7.45+ at the opening. DROOY remains above the 200 day moving average which is barely visible at the bottom of the graph just below today's stock candle stick. I got on the market too late, but am satisfied to own more DROOY at yesterday's outstanding buying range. The MACD seems to be turning upward this morning. It is early in the market, so anything can happen.

From MineWeb.com:

World's 100 hottest gold stocks - selection has been critical

Gold stocks face stiff competition, mainly from base metal miners, but pricing patterns show distinct selection among gold diggers, developers and explorers.

Author: Barry Sergeant
Posted: Thursday , 30 Jul 2009

JOHANNESBURG -

Seen as a global grouping, mining stocks touched nine-month highs on 3 June, before screeching down to a trough on 23 June, and then rising sharply to make 10-month highs on Monday this week, before taking a breather that has continued across Wednesday, particularly among Chinese mining stocks. On Tuesday, Chinese stockmarkets had made yet another series of 12-month highs. Read it HERE.

From MineWeb.com:

DIFFERENT COMPANY'

Hecla reports record silver production for 2Q - loss minimised

Reduction of debt and strong cash flow have transformed U.S. silver miner Hecla into "a different company that it was six months ago," says CEO Phil Baker.

Author: Dorothy Kosich
Posted: Thursday , 30 Jul 2009

RENO, NV -

Idaho's Hecla Mining Wednesday reported record quarterly silver production of 3 million ounces for the second quarter of this year, a 24% increase over the same period a year ago.

However, second quarter financial result showed a loss of $900,000, compared to a net loss of $44 million or negative 35-cents per share for the second-quarter 2008.

For the first half of this year, Hecla reported a net income of $2.99 million or 1-cent per share, a substantial improvement over the net loss of $32.31 million or negative 26-cents per share reported for the first half of last year. Read it HERE.

That sounds very good for one of my core stock holdings. Hecla seems to be a very sound company with great potential.

From MineWeb.com:

China: world's most demanded big mining stocks

Amid today's sharp profit taking in China's bubble-like equity markets, runaway Chinese mining stocks take a bit of a beating.

Author: By Barry Sergeant
Posted: Wednesday , 29 Jul 2009

JOHANNESBURG - -

The Shanghai Composite index took a 5% beating, by the close, on Wednesday, after contracting by as much as 7.7% intra-day, on fears that China's central bank may tighten its lending policies, motivated, it has been speculated, by the need to rein in bubble-like conditions in the country's stockmarkets. Since mid-July, in particular, the levels of Chinese stock indices have exploded, making fresh 12-month highs hour after hour during each ensuing trading session. Read it HERE.

From TownHall.com:

The Democrats Want Your Kids
by Ashley Herzog

No, really. If you think I’m being hyperbolic, you need to read an article in the latest issue of Time magazine, titled “Summer School: What? No More Vacations?” If Obama’s Education Secretary Arne Duncan has his way, your kids will be in government schools eight hours a day, twelve months a year.

Liberals will no doubt portray this as another altruistic “Save the Children” plan, as well as a taxpayer-funded babysitting service for low-income women and moms who have better things to do than raise their own kids. (“Mom isn't waiting at home at 2:30 with a peanut-butter-and-jelly sandwich. That just doesn't happen in many American families anymore,” Duncan says in the article.) They’ll recite the pointless factoid that summer vacations are an outdated product of America’s farming culture. Read the article HERE.

This is a very interesting report. Governments have always been at war with families, particularly Christian families. The family is God's ordained basic unit in society. Its purpose is to raise children to carry on kingdom work for Jesus Christ, THE King. Whoever controls the children, controls the future. That is the source of governmental intervention into families and the motivation for the control of children. The other attack upon the family is in the inheritance tax. As the government steals a major portion of the capital built up by the family for the future, it deprives the succeeding generations of the capital to continue the kingdom work. Thus, all governments want to capture the children and seize the capital. Governments see the family as a competition for power.

I understand that Obama is planning a "voluntary" children's training corps. This is just another attack upon the family. It is an attempt to further the behavior modification which is prevalent in the mandatory government schools. The Federal Constitution makes no provision for the federal government to be in education. Governments want to have complete control over all citizens and attempts to make them virtual slaves of the state.

Beware of all such programs.

Best, Doug








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