Folks,

I want to call your attention to my email yesterday on the Irrelevance of the many Christian churches today. When in Old Testament times, the prophets were always warning kings with "Thus, saith the Lord," today's pulpits largely ignore the violations of God's word by the civil magistrates. We must recall that the pulpits spoke out strongly against King George of England as he abdicated his responsibility for the crown colonies and turned them over to a foreign government, the English Parliament. Churches are a critically important part of our individual, family, and national life. As governments violate God's word, they must speak out strongly. I urge you to read to read the article by Chuck Baldwin which was attached to the email. Following are my comments contained in that email:

"Folks,

This is critical. I hope you will read and heed what Chuck has written and my rambling which follows here.

While most churches have made themselves irrelevant, each and every Christian must be a member and submit to the authority of a sound local church. King Jesus is the head of every Christian church, as shallow and irrelevant as it may be. The church is His bride.

The signs of a sound Christian church are preaching of the word of God, frequent administration of the two Christ ordained sacraments: Baptism and the Lord's Supper, and the exercise of sound discipline over the members to be certain that they are adhering to the demands of the word of God.

Each of us need the visible church to teach us, to benefit from the sacraments, and to be encouraged to grow in grace by the discipline of the church and fellowship with other believers. It is extremely difficult, at best and very likely impossible for one to live the Christian life without these necessities for growth which are commanded by God and a vital part of church membership and life. Jesus Christ gave to the church the keys to the Kingdom as He was about to return to the right hand of His Father. These keys are to be used to open the door for believers and lock out unbelief.

I, as is Chuck Baldwin, am concerned about the failure of many churches of today which have only the form, but lack the power which was intended for them by Christ the Head.

I remember the hamburger add of a while back in which the funny little lady asked, "Where's the beef?" That is the question you must prayerfully answer about the church you attend. If the worship service is dedicated and centered around entertainment, leave by the closest door and find a church centered upon King Jesus and His word. Make your judgment by comparison of what the church should be as defined in the scripture of the Old and New Testaments. These contain the answers to all of life.

Your spiritual life and that of your family is dependent upon a sound Christian Church. To attend a church, because you are comfortable, it has a lot of programs (most of which are designed to divide the family), the choir sings nicely, you are friends with the people and pastor, the organ music is thrilling, or any other touchy feely thing should stand out as a tip off of the fact that you may have chosen the church for the wrong reason. Ask yourself if you and your family is growing spiritually in this time when the apostate world influence is so strong.

We are in a spiritual war here in America where even our government is anti-Christian along with virtually all media and every bit of peer pressure. We are surrounded and the attack upon us is growing each day.

It is vital that we be strong in the faith and reflect the law of God to all or else we shall continue to experience the chaos which comes from turning our backs on the God of all.

Best to each, Doug"

Now to the markets>>>>

The miners as reflected in the GDX are in a trading range with both the RSI and MACD almost neutral. We may have to wait for the fall to see any great movement out of the trading range. It is encouraging that the price is above both moving averages. Hopefully, we will see the price bounce off rather than move downward through the 50 day average. The individual prices of miners is below the graph compliments of Scottrade streaming quotes.

I am buying DROOY below 7.10. Have current orders in for some at 6.99. Could get it today, but current price is a good buy for me.

Silver got hit early this morning, but seems to be in the process of reversing to the up side. We shall see as the day moves on. Silver is now at 14.25 which is even for the day.

From InvestorsResource.com:

Waiting for the big autumn silver rally

Silver’s fundamentals offer plenty of reasons to be bullish in the coming years. Relentlessly growing global investment demand coupled with reduced production is a recipe for much higher prices. With something like 3/4ths of all the silver mined globally being merely a byproduct, primarily of base metals, supplies will remain constrained. Investors will have to compete in a tiny market for this scarce metal.

While silver’s long-term bullish case is well-known among its investors, this volatile metal also has incredible near-term potential. In the coming months, silver is likely to witness exceptional gains. Unfortunately, the driver of this potential big autumn silver rally is not widely discussed. Thus many investors and speculators still sidelined since the panic risk missing out on this rare opportunity.

And ironically, the stock panic created the silver anomaly that led to this opportunity. Silver has a long history of following gold. Silver traders watch gold for trading cues, so gold action dominates silver psychology. Thus silver typically trades in lockstep with gold. But during the panic, the extreme fear spawned by the brutal stock-market selloff spilled into silver. It forced silver to decouple from gold and plummet far deeper than gold warranted. Read it HERE.

Gold, too, is recovering from a downward fall. It is trading at 943.40 which is down for the day. Following is good news for gold.

From Numismaster.com:

Central Banks Become Net Buyers Of Gold For First Time Since 1987

One of the most respected analysts of gold activity, GFMS (formerly known as Gold Fields Mineral Services), reported last month that "Central banks' swing into net demand territory during the second quarter of 2009 was something of an exception."

The exception is that this is the first time that central banks, in total, have purchased more gold than they have sold since 1987!

However, GFMS went on to say, "We do not believe that this heralds a sustained shift by the official sector from being a net seller to a net buyer. This is above all the case over the next two to three years due to the very high probability that the IMF will dispose of 403 tons of gold."

In its latest report on gold demand and supply statistics, GFMS refused to include central bank gold purchases as part of demand. Paraphrasing their explanation, they said that since central banks are not normally net buyers of gold, they refuse to include it as an element of demand. Read it HERE.

Cash for anything from SeekingAlpha.com:

Stimulus 'Cash for Anything': When Money Isn't Free

By Mike Conlon

First Clunkers. Nowrefrigerators. And I love Peter Schiff’s “modest proposal” of Dough for Dumps. But where will it end? In the latest round of government intelligence, it has been determined that the appliance makers are the next group that deserve to make more money by the powers that be. Should tax-paying citizens be concerned?

One of the major problems with all of this government “stimulus” is that it is taking the decision-making process out of the hands of individuals and putting it in the hands of elected officials. Why? To keep up unrealistic spending patterns to support businesses. Now don’t get me wrong, I’m all for supporting business, but the government is going about this the wrong way. This is boarder-line socialism! And it will have very negative consequences for the U.S. economy and for companies who "benefit" from these programs. Here’s why: Read it HERE.

The Whole Foods Alternative to ObamaCare

Eight things we can do to improve health care without adding to the deficit.

By John Mackey

"The problem with socialism is that eventually you run out
of other people's money."

—Margaret Thatcher

With a projected $1.8 trillion deficit for 2009, several trillions more in deficits projected over the next decade, and with both Medicare and Social Security entitlement spending about to ratchet up several notches over the next 15 years as Baby Boomers become eligible for both, we are rapidly running out of other people's money. These deficits are simply not sustainable. They are either going to result in unprecedented new taxes and inflation, or they will bankrupt us.

While we clearly need health-care reform, the last thing our country needs is a massive new health-care entitlement that will create hundreds of billions of dollars of new unfunded deficits and move us much closer to a government takeover of our health-care system. Instead, we should be trying to achieve reforms by moving in the opposite direction—toward less government control and more individual empowerment. Here are eight reforms that would greatly lower the cost of health care for everyone: Read it HERE.

Buffet is buying more of BYDDF which is one of our non-metal stocks. This looks to me like a great investment. We may have time to buy as it slowly moves upward. My plan is to buy small chunks of it as the price rises. This stock has a great potential for which I want to be on board with a large number of shares accumulated over time.

From MarketWatch.com:

Buffett powers into electric cars, buying 10% of BYD

TEL AVIV (MarketWatch) - A Berkshire Hathaway Inc. subsidiary agreed to buy 10% of BYD Co., a Chinese producer of rechargeable batteries, electric cars, and car parts, for US$230 million, the companies said late on Friday.

MidAmerican Energy Holdings Co. said in a statement that it would buy 225 million shares of Shenzen-based BYD /quotes/comstock/11i!byddf (BYDDF 6.02, -0.12, -1.95%) /quotes/comstock/22h!e:1211 (HK:1211 46.15, -0.55, -1.18%) for HK$1.8 billion.

BYD's Website says the company's 130,000 workers produce information-technology products including nickel-cadmium and lithium-ion rechargeable batteries, mobile-phone displays, keypads and housings; laptop-computer keypads, and more. Read the article HERE.