GLD, BULM, BYDDF Gold at $1,000 - God is Sovereign
Below, is a graph of GLD, our proxy for gold. The price of gold has been bouncing around $1,000 over night and today in early trading. It is currently $1,000.20. The technical aspects of the graph show a strong upward move over the three months outlined with black trend lines. The strong upward sprint over the last eleven days is outlined in red. The circle highlight the strong RSI and MACD. Note the increased volume of trading over the same period. Gold remains strong, but is subject to the extremely high paper shorts held by the bullion banks (Federal Reserve and associated banks). I am assuming that the banks hold sufficient longs to cover the shorts if their ability to manipulate is offset by extra high buying from China and India. The demand for the metals seems to have picked up again and the U. S. Mint is presently short of silver in particular. The beautiful new Silver Double Eagles (one ounce of silver) are beautiful coins and available through several dealers at prices in the 16.75 to 17+ range. Just bought some last week.
I have been sending out emails on BYD for a while now. The red trend lines reveal a period of consolidation. Thanks to Richard Russell of Dow Theory Letters we got on board at 4.20, 5.35, and 5.55. Note the huge increase in volume (large red circle). This winner has moved to as high as 8.15 today and the last trade was 8.14 which is now the asking price with a bid of 8.13. This Chinese manufacturer of efficient batteries for electronics and cars is about to enter the electric auto business. This has been added to Berkshire Hathaway Fund in a big way. Thus, it has the potential of knocking on the $10 door before long. One question in my mind is its liquidity for expansion. Perhaps, its profit is financing enough for the expansion. It has been a great speculation and is a candidate for dollar average purchases as it continues to rise. I like to buy in small chunks on a regular basis as a stock rises in price.
This is a mining stock which provides a great deal of leverage as the price of gold continues to escalate. From the graph, below, we see a period of consolidation (Red trend lines) which became more narrow for a period of time after a huge spike in the volume in late July (large red circle). The volume has not returned to that level since, but seems to be increasing in the last two days (small red circle) of trading. We could be entering another higher level of consolidation at this time, but will have to wait and see. This is another speculation which I will continue to accumulate in small chunks (1-2000 shares) as the price grows.
The dollar continues to drop against the Euro and particularly in the last few days against the Yen. The Euro is again pushing toward 1.46.
Now the White House has begun playing with fire as it is putting a high tariff on Chinese tires. This is nonsense! Our government is attempting to punish the hand that is feeding our spending binge. China is retaliating against our automobiles and other exports. The danger is that China will not come to the Treasury auctions and extend our credit. Then the Federal Reserve will be the only buyer of our debt directly or through its puppet banks. Not only that but lies in protectionism the danger of shooting war. Historically, it has been very close behind protection wars.
Folks, it is time for national repentance. We lost the 20th Century to the communists who have taken over much of our media, the government schools, and the movies. It is time to face this truth and to turn from the false god of the government to the living God who through grace of His providence enabled the founding and the preservation of our nation for almost 200 years.
By rewriting our history and teaching the revised record which excludes God, we are raising a crop of robots completely dependent and subservient to the federal government. Hitler took it a great deal farther, but we seem to be well on the way to the turning our youth over to the government. We must always remember that the young are the future for our nation and we want them to know and serve God in all areas of life.
We must, therefore, instill within them a biblical world and life view which focuses upon King Jesus and gives them the desire to obey His word and enjoy Him forever. Without this, they are walking dead men and women. It is our responsibility as parents, grandparents, and great grandparents to teach them in our homes, as we walk or ride along the way, during the day or night the entire word of God. It is also incumbent upon us to keep them in biblical Christian churches which do the same.
I have become convinced that a family to be fully assured of this should find a family integrated church which keeps the family together for all activities. This approach emphasizes the importance of the family which is God's basic unit of society. Too many churches divide the family by a multitude of programs which separate the family and the congregation into groupings by age, married condition, etc. It is much more important to follow God's plan of placing a great importance on the family and strengthening its power to enable it to fully exercise the responsibility that God has given the parents.
Consider these things. I rest peacefully and safely in the sovereignty and grace of the God of all Who is in control and working His way in all matters. Praise Him daily.
Gold is now $1,000 and silver is 16.56. The DOW is off 14+/
Best to each, Doug
I have been sending out emails on BYD for a while now. The red trend lines reveal a period of consolidation. Thanks to Richard Russell of Dow Theory Letters we got on board at 4.20, 5.35, and 5.55. Note the huge increase in volume (large red circle). This winner has moved to as high as 8.15 today and the last trade was 8.14 which is now the asking price with a bid of 8.13. This Chinese manufacturer of efficient batteries for electronics and cars is about to enter the electric auto business. This has been added to Berkshire Hathaway Fund in a big way. Thus, it has the potential of knocking on the $10 door before long. One question in my mind is its liquidity for expansion. Perhaps, its profit is financing enough for the expansion. It has been a great speculation and is a candidate for dollar average purchases as it continues to rise. I like to buy in small chunks on a regular basis as a stock rises in price.
This is a mining stock which provides a great deal of leverage as the price of gold continues to escalate. From the graph, below, we see a period of consolidation (Red trend lines) which became more narrow for a period of time after a huge spike in the volume in late July (large red circle). The volume has not returned to that level since, but seems to be increasing in the last two days (small red circle) of trading. We could be entering another higher level of consolidation at this time, but will have to wait and see. This is another speculation which I will continue to accumulate in small chunks (1-2000 shares) as the price grows. 
The dollar continues to drop against the Euro and particularly in the last few days against the Yen. The Euro is again pushing toward 1.46. Now the White House has begun playing with fire as it is putting a high tariff on Chinese tires. This is nonsense! Our government is attempting to punish the hand that is feeding our spending binge. China is retaliating against our automobiles and other exports. The danger is that China will not come to the Treasury auctions and extend our credit. Then the Federal Reserve will be the only buyer of our debt directly or through its puppet banks. Not only that but lies in protectionism the danger of shooting war. Historically, it has been very close behind protection wars.
Folks, it is time for national repentance. We lost the 20th Century to the communists who have taken over much of our media, the government schools, and the movies. It is time to face this truth and to turn from the false god of the government to the living God who through grace of His providence enabled the founding and the preservation of our nation for almost 200 years.
By rewriting our history and teaching the revised record which excludes God, we are raising a crop of robots completely dependent and subservient to the federal government. Hitler took it a great deal farther, but we seem to be well on the way to the turning our youth over to the government. We must always remember that the young are the future for our nation and we want them to know and serve God in all areas of life.
We must, therefore, instill within them a biblical world and life view which focuses upon King Jesus and gives them the desire to obey His word and enjoy Him forever. Without this, they are walking dead men and women. It is our responsibility as parents, grandparents, and great grandparents to teach them in our homes, as we walk or ride along the way, during the day or night the entire word of God. It is also incumbent upon us to keep them in biblical Christian churches which do the same.
I have become convinced that a family to be fully assured of this should find a family integrated church which keeps the family together for all activities. This approach emphasizes the importance of the family which is God's basic unit of society. Too many churches divide the family by a multitude of programs which separate the family and the congregation into groupings by age, married condition, etc. It is much more important to follow God's plan of placing a great importance on the family and strengthening its power to enable it to fully exercise the responsibility that God has given the parents.
Consider these things. I rest peacefully and safely in the sovereignty and grace of the God of all Who is in control and working His way in all matters. Praise Him daily.
Gold is now $1,000 and silver is 16.56. The DOW is off 14+/
Best to each, Doug
posted by Doug @ 9:40 AM
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