Dollar Down - Precious Metals Up - More Inheritance

Spot gold has shown some life over the last 24 hours. It is now at 953.30 on an up tick.

GLD a proxy for gold (GLD is updated during the day while the gold graph only at the end of the day.) is showing a balanced triangle formation which does not give us an indication of which way it will break out. Presently the RSI and MACD (red circled) indicate further upward movement.
The miners are showing a pattern similar to that of gold, but RSI and MACD show a more distinctive upward move.
Silver is showing a stronger move that that of gold over the last 24 hours. It is presently at 14.15 on an up tick.
Using SLV as a proxy for silver, we find a graph similar to that of gold; however, the lower trend line of the triangle is more steeply upward than that of gold. This is a move positive technical indicator, but we still must wait and see the break materialize. Both the RSI and MACD are stronger positive than in the gold graph.
Silver Wheaton has a graph almost technically identical to that of silver. Perhaps, silver will be the winner percentage wise over gold this time around. Both precious metals are benefiting from a lower relative value of the dollar. The Euro is $1.43+ today. It would not be a good time for us to visit Europe as we would see the costs very high compared to here. The European economy is showing more strength than here in America. The European Central Bank has been much more conservative in using stimuli for their economy and the recovery there seems to be exceeding that of here. Europe is benefiting from this discretion.
Here is a look at the current prices of the miners from Scottrade Streaming Quotes:

Almost all of the miners are up strongly today as the dollar weakens. Long term the dollar will continue downward with bursts of power along the way. It may be wise to sell a small portion of mining stocks or place trailing stops as the price of the metals rises. There should be sandy spots along the way and I will be trying to lock in some profits and gain cash as the prices rise. You consider you financial position and make decisions with which you feel comfortable.

A look at foreclosures from TheDailyPfennig.com: "The proportion of homeowners delinquent on their mortgage or in foreclosure rose to its highest levels in four decades. An ominous sign for the US economy is that the problem loans have shifted away from the subprime borrowers to those driven into delinquency by unemployment. More than half the mortgages in the foreclosure process during the second quarter were prime loans. So while this morning's data may show a bump up in monthly home sales, the US is still far from being out of the housing problems."

We are still not our of the woods on the bursting housing bubble, but in another phase of the fiasco. There is much more to come as the unemployment increases.

From WorldNetDaily.com:

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FAITH UNDER FIRE
Christian girl begs state: Don't let them kill me!
Judge decides fate of honor student, cheerleader who fled Muslim parents

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Posted: August 20, 2009 8:27 pm Eastern

By Chelsea Schilling

A young Christian runaway in foster care awaits her hearing tomorrow when Florida authorities will decide whether she will be forced to return to her Muslim parents – whom she says will kill her for converting to Christianity.

Fathima Rifqa Bary, 17, an honor student and cheerleader, was raised in a Muslim family in Columbus, Ohio. She became a Christian four years ago as a result of her interactions with children at school.

Atlas Shrugs' Pamela Geller has followed Bary's case closely, reporting that the girl's friends accompanied her to the school counselor after they noticed bruises covering her arms and legs that allegedly resulted from beatings by her father and brother.

"The middle school, in a serious dereliction of duty, did not report these beatings to child welfare services," Geller reported. "Beatings were random, violent, unprovoked. Take, for example, when Rifqa and her father Mohamed were driving in the car. He would force her to wear the hijab (head covering), which she hated. In her discomfort she would slouch down, embarrassed, and her father would haul off and sock her in the face so that she never forgot to sit up straight in her costume. The beatings were regular and so much a part of the landscape of Rifqa's life, she became inured to them …" Read the article HERE.

As much as there is misuse of the Child Welfare Services here in America, there seems to be times when it fails to rescue children in real trouble. Perhaps, too much emphasis is given upon taking children from families on the basis of suspicion without any proof. Then when true needs are obvious, they are ignored. There are many failures as the system is out to destroy the family.

More on God's word on inheritance: The first commandment with a promise is "Honor your father and mother that your days may be long upon the land which the Lord your God is giving you."

We inherit from our parents life, learning, and material wealth. Not all families have equal material wealth, but as children, we normally will inherit whatever they have accumulated through the years. Part of honoring of parents is to thank them for life, to be diligent in learning from them, and to preserve and increase whatever material wealth they leave to us. All of life is to be lived to the glory of God and to enjoy Him forever.

God provides us with the parents He selects. Neither do our parents select us individually, nor do we individually select our parents. God matches perfectly the parents and the children in accordance with His Sovereign will. The exception is in the case of adopted children which are selected by the parents. Of course, even in this the Lord decides and brings the prospective parents to the selection of the children He has willed for them. So whether we are raised by Christian parents or not, we are to honor them and respect them. In doing so, we are honoring God, Himself, by obedience to His word.

Some day, in God's timing and by His grace, you are likely to become a parent. None of us is truly perfectly prepared to be parents; however, each must pray for the mate that God has ordained for us and prayerfully study the word of God to discern our parental duties. Trusting in Him, we do the best job of parenting in accordance with His word that we can. By His grace our feeble efforts will be used to mold our children to love and obey the Lord.

Best to each, Doug