Gold Touched Above $1,000 early - Romans Ch. 1 Warning

Note that the miners are holding pretty well with the exception of DROOY and HMY. They have not been trashed, as has the dollar, with the lower prices of the metal. Here are the miners compliments of Scottrade.com's streaming quotes.


Our precious metals moved higher early in the day. Gold was as high as 1,004, but has moved back down to 996.10 and is on an up tick. I still expect both gold and silver to hit a cyclical low in the next 10-14 days and then move to a cyclical high about the end of December. If that comes to fruition, one will have adequate opportunity to buy in and make a profit by the end of the year.
Silver hit almost 16.50 before dropping off. It is now 16.20 on an up tick. Some volatility, eh?

From TownHall.com:

Is Disagreement with Obama Racism?

by Walter E. Williams

Former president Jimmy Carter said, "I think an overwhelming portion of the intensely demonstrated animosity toward President Barack Obama is based on the fact that he is a black man." That's from a man who earlier referred to Obama as "This black boy" on the Jim Lehrer "News Hour." New York Times social critic Maureen Dowd said, in reference to Rep. Joe Wilson's shouting "Liar" during Obama's address on health care before the joint session of Congress, "Some people just can't believe a black man is president and will never accept it." Washington Post's Howard Kurtz said he "began to suspect that race was a factor for at least some critics when I heard them shouting about 'the Constitution' and 'taking our country back.'" Kurtz asked whether the massive tea parties and other public protests reflect a "distinct discomfort with the country's first black president." House Ways and Means Committee Chairman Charlie Rangel, Rep. Eddie Bernice Johnson, New York Gov. David Paterson, MSNBC's Chris Matthews, and other leftists claim that racism is behind criticism of President Obama. Read it HERE.

The liberals always seem more anxious to play the race card and readily accuse others of doing it. There once was a saying about the pot calling the kettle black. Don't have any idea why that came to mind.

From Barron's:

Signs of a Short-Term Dollar Bounce

Some strength against the Canadian and British currencies suggests a rebound may be coming for the greenback. Read it HERE.

From New York Times:

Out From India’s Alleys, Gold Loans Gain Respect

By VIKAS BAJAJ

Published: September 28, 2009

KOCHI, India — Indians own more gold than the citizens of any other country. They use the glittering metal as ornaments to flaunt family wealth, as a source of retirement savings and as insurance against calamities.

But lately, gold has become something else: collateral, and the basis of one of the country’s fastest-growing businesses, gold loans. Read it HERE.

From NYMag.com:

The Dow Zero Insurgency

The nothing-can-be-believed chaos of the financial crisis created a golden opportunity for a blog run by a mysterious ex-hedge-funder with a dodgy past and conspiracy theories to burn.

Last spring, in a far corner of the Internet, an unknown blogger began to piece together a conspiracy theory: The investment bank Goldman Sachs was using sophisticated, high-speed computers to siphon hundreds of millions of dollars in illegitimate trading profits from the New York Stock Exchange, invisibly undercutting the market and sidestepping the regulatory reach of the Securities and Exchange Commission.

Only a few loyal readers paid attention to the blog called Zero Hedge, a no-frills site full of arcane analysis decipherable only by finance professionals. But when a former Goldman Sachs computer programmer was arrested for allegedly stealing software codes used for the firm’s electronic trading arm, and a federal prosecutor was quoted saying the codes could be used to “manipulate markets in unfair ways,” the once-obscure blog ignited a chain reaction. While on a golf outing, an editor at the New York Times learned from a friend who worked on Wall Street that the Zero Hedge allegation was the talk of the industry, and an assignment ensued. On July 24, the Times published a front-page article on so-called high-frequency trading and its potential abuses, which in turn prompted Chuck Schumer, a member of the Senate Finance Committee, to draft a letter to the SEC that same day. Twelve days later, the SEC signaled that it was considering a ban on the very computerized trading that Zero Hedge had attacked. Read the whole article HERE.

Romans 1:17ff: "For it (the gospel of Christ) the righteousness of God is revealed from faith to faith; as it is written, 'The just shall live by faith.'For the wrath of God is revealed from heaven against all ungodliness and unrighteousness of men, who suppress the truth in unrighteousness. because 'what may be known of God is manifest in them, for God has shown it to them. For since the creation of the world His invisible attributes are clearly seen, being understood by the things that are made, even His eternal power and Godhead, so that they are without excuse. because, although they knew God, they did not glorify Him as God, nor were thankful, but became futile in their thoughts, and their foolish hearts were darkened. Professing to be wise, they became fools, and changed the glory of the incorruptable God into an image made like corruptible man - and birds and four-footed animals and creeping things.

Therefore God also gave them up to uncleanness to the lusts of their own hearts, to dishonor their bodies among themselves, who exchanged the truth of God for the lie, and worshiped and served the creature rather than the Creator, who is blessed forever, Amen.

For this reason God gave them up to vile passions. For even their women exchanged the natural use for what is against nature. Likewise also the men, leaving the natural use of the woman burned in their lust for one another, men with men committing what is shameful, and receiving in themselves the penalty of their error which was due."

Are we not seeing this as the wrath of God in judgment upon America today? How can this not cause each of us to weep for America and to repent before the Sovereign God of all, before America is wiped from the face of the earth under the wrath and judgment of the righteous God.

Best to each, Doug