Unemployment 20+% - Inheritance in the Eyes of God
Silver Wheaton is well above the 50 and 200 day moving averages and is pushing up near the upper trend line. Both RSI and MACD have turned slightly positive, too.
The Gold Bugs Index remains above both averages, but seems to be in a downward sloping trough trend. It is near the upper trend line of the trough. The RSI is slightly positive and the MACD looks to be turning positive, but not quite yet.
For the GLD proxy for gold, the only positive technical indicator is that the price has once again crossed upward over the 50 day moving average. Gold has suffered from a slight upward move in the dollar.
Below are the miners prices from the Scottrade streaming quotes.
I sold some, not all DROOY in the 7.55+ range today to lock in some profit from recent buys. It is good to do that from time to time to recover some seed dollars and for short term profit.
Warren Buffet on inflation from NYTimes:
ShadowStats.com is a good source of statistics at which you will find more realistic reports on economic measures than that supplied by the government manipulated ones.
As I was reading in Proverbs today, I found "House and wealth are an inheritance from fathers." (Pr. 18:14a). Note that the inheritance is from fathers plural. That is in perfect concert with Pr. 13:22 which is "A good man leaves and inheritance to his children's children." The responsibility of the parents before God is to bring up their children in the nurture and admonition of the Lord to prepare them to carry on the God given mandate of bringing all into submission to King Jesus. We are to give our children and grandchildren a multigenerational vision, because it is a long term project which began with Adam and Eve in the Garden of Eden.
However, both spiritual and material inheritance is required to equip them for the mission. First, they must be spiritually prepared to "seek first the Kingdom of God and His righteousness." Then they must be materially equipped through material inheritance to continue this work. Thus, we see in the Proverbs verses the multigenerational inheritance which comes from succeeding fathers, grandfathers, great grandfathers, etc. The family, God's basic unit of society, is a continuing institution which grows over many generations.
It is important to teach children that they must shoulder this responsibility and must not let anything stand in the way of continuing this vital mission. To go down any other path is the way of death, but to follow it, regardless of the cost, is life, itself. This is an awesome responsibility, but one in which there are many trials, but a wonderful, fulfilling life.
The Sovereign God of all demands this of every person.
Best to each, Doug
The Gold Bugs Index remains above both averages, but seems to be in a downward sloping trough trend. It is near the upper trend line of the trough. The RSI is slightly positive and the MACD looks to be turning positive, but not quite yet.
For the GLD proxy for gold, the only positive technical indicator is that the price has once again crossed upward over the 50 day moving average. Gold has suffered from a slight upward move in the dollar.
Below are the miners prices from the Scottrade streaming quotes.
I sold some, not all DROOY in the 7.55+ range today to lock in some profit from recent buys. It is good to do that from time to time to recover some seed dollars and for short term profit.Warren Buffet on inflation from NYTimes:
The Greenback Effect
In nature, every action has consequences, a phenomenon called the butterfly effect. These consequences, moreover, are not necessarily proportional. For example, doubling the carbon dioxide we belch into the atmosphere may far more than double the subsequent problems for society. Realizing this, the world properly worries about greenhouse emissions.
The butterfly effect reaches into the financial world as well. Here, the United States is spewing a potentially damaging substance into our economy — greenback emissions. Read it HERE.
ShadowStats.com is a good source of statistics at which you will find more realistic reports on economic measures than that supplied by the government manipulated ones. As I was reading in Proverbs today, I found "House and wealth are an inheritance from fathers." (Pr. 18:14a). Note that the inheritance is from fathers plural. That is in perfect concert with Pr. 13:22 which is "A good man leaves and inheritance to his children's children." The responsibility of the parents before God is to bring up their children in the nurture and admonition of the Lord to prepare them to carry on the God given mandate of bringing all into submission to King Jesus. We are to give our children and grandchildren a multigenerational vision, because it is a long term project which began with Adam and Eve in the Garden of Eden.
However, both spiritual and material inheritance is required to equip them for the mission. First, they must be spiritually prepared to "seek first the Kingdom of God and His righteousness." Then they must be materially equipped through material inheritance to continue this work. Thus, we see in the Proverbs verses the multigenerational inheritance which comes from succeeding fathers, grandfathers, great grandfathers, etc. The family, God's basic unit of society, is a continuing institution which grows over many generations.
It is important to teach children that they must shoulder this responsibility and must not let anything stand in the way of continuing this vital mission. To go down any other path is the way of death, but to follow it, regardless of the cost, is life, itself. This is an awesome responsibility, but one in which there are many trials, but a wonderful, fulfilling life.
The Sovereign God of all demands this of every person.
Best to each, Doug
posted by Doug @ 9:44 AM
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