The Apostasy of Political Correctness - Gold breaks 980
Gold's huge breakout of yesterday continues today. Gold is sprinting toward 1000 and seems destined to reach that and beyond if the bullion banks do not intervene. I have posted the latest in purple on yesterday's graph to show the continuation of the move. Gold is up 6.10 to 984.70 as this is written.
Oops! Here is an update on the 24 hour spot gold. It has hit a sandy spot and is at 982.90 on an up tick. Will check again, but is this a cap being put in artificially?
The miners have followed gold in this breakout as can be seen below. Notice the huge pickup in volume indicated by the large red circle in the center section of the graph. Like the gold graph, both the RSI and MACD show a strong upward trend. I am not selling miners today, but may put in some trailing stops in event that the bullion banks (Fed Reserve & others) intervene. I am encouraged by the moves in the precious metals, but am not convinced that this is the gold rush in action. Therefore, I am cautious about selling too much to lock in profit. I did sell some VGZ yesterday.
Silver is attempting to march with gold, but has not moved with the speed of gold. Of course, silver was not slammed down as far as gold recently. Silver is likely to catch up as gold continues.
As we nationally stand under the wrath of the angry God, it is not good to temp Him further. I pray that the political correctness binge will end. God does not tolerate violation of His law forever. He has and will destroy the nation which turns its back on Him and His law. On the other hand, "Blessed is the nation whose God is the Lord." That is King Jesus, the one and only Lord of lords, King of kings, God of gods. He must be recognized as all in all else judgment.
From TownHall.com:
Defending Marriage in Troubled Times
Oops! Here is an update on the 24 hour spot gold. It has hit a sandy spot and is at 982.90 on an up tick. Will check again, but is this a cap being put in artificially?
The miners have followed gold in this breakout as can be seen below. Notice the huge pickup in volume indicated by the large red circle in the center section of the graph. Like the gold graph, both the RSI and MACD show a strong upward trend. I am not selling miners today, but may put in some trailing stops in event that the bullion banks (Fed Reserve & others) intervene. I am encouraged by the moves in the precious metals, but am not convinced that this is the gold rush in action. Therefore, I am cautious about selling too much to lock in profit. I did sell some VGZ yesterday.
Silver is attempting to march with gold, but has not moved with the speed of gold. Of course, silver was not slammed down as far as gold recently. Silver is likely to catch up as gold continues.
As we nationally stand under the wrath of the angry God, it is not good to temp Him further. I pray that the political correctness binge will end. God does not tolerate violation of His law forever. He has and will destroy the nation which turns its back on Him and His law. On the other hand, "Blessed is the nation whose God is the Lord." That is King Jesus, the one and only Lord of lords, King of kings, God of gods. He must be recognized as all in all else judgment.From TownHall.com:
Defending Marriage in Troubled Times by Recently the Obama administration filed court papers claiming a federal marriage law, called The Defense of Marriage Act (DOMA), discriminates against gays. This was surprising because at the same time government lawyers have been instructed to defend it. In fact, Department of Justice Department lawyers are seeking to dismiss a suit brought by a gay California couple challenging the 1996 Act. The administration's legal strategy so angered gay activists that they claimed the president is backtracking on campaign promises. Read the article HERE.
More confusion in the Obama White House. He apparently straddles the fence to be politically correct. Of course political correctness is most often, as in this case, against the written Word of God and must be opposed by all of God's people. We either follow God's Law or have the chaos we are presently experiencing.
Here are the prices of the miners from Scottrade.com:
Look at all the green on the chart. That is exciting.
Gold is now 982.10 on an up tick and silver 15.70 on an up tick.
Best to each, Doug
More confusion in the Obama White House. He apparently straddles the fence to be politically correct. Of course political correctness is most often, as in this case, against the written Word of God and must be opposed by all of God's people. We either follow God's Law or have the chaos we are presently experiencing.
Here are the prices of the miners from Scottrade.com:
Look at all the green on the chart. That is exciting.Gold is now 982.10 on an up tick and silver 15.70 on an up tick.
Best to each, Doug
posted by Doug @ 8:13 AM
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