We Must Have National Repentance to Survive as a Nation.

The extremely large short holdings in the precious metals by the boyz is a delicate overhanging threat to the prices. The bullion banks will have this motive to move the prices downward so they can cover their shorts at lower prices. Meanwhile gold was hit at almost precisely the same time as yesterday, but the rebound has not been as robust. I still look for a cyclical low during the next 10 or so days. Perhaps, not today, but tomorrow is Friday and strange things happen as the traders adjust their positions for the week end. Gold remains above $1,000.
Silver is holding a bit higher on the day, but is still below $17. I am looking for it to drop below $16 to provide and opportunity to purchase some additional silver eagles. Silver has a long way to go upward as the metals become popular to the masses.

Below, you will find and update on the latest additions to our portfolios. Both are holding well.

Here is an update on Bullion Monarch Mining. While the price of precious metals is in doubt, BULM is holding quite strong. Notice the ominous double tops at the red arrows and the positive double bottom at the black arrows. Even the RSI and the MACD look positive.

Below is BYD Co. which is putting in a rather strong showing in spite of the volatile market situation. It seems to be establishing support at $8. The RSI is rather neutral while the MACD seems to be about to turn upward. I am hesitant to add to my holdings on either of these, but any lower prices on either would be very inviting.


From RawStory.com:

US secretly tried to make deal with Goldman Sachs in wake of financial crisis

Warren Buffett balked at conflict of interest

BREAKING 10:08 AM ET:Vanity Fair will report in the next issue of the magazine that US Treasury Secretary Henry Paulson — a former head of the investment bank Goldman Sachs — tried to orchestrate secretive deals in the midst of the financial crisis but got blowback from prominent investor Warren Buffett. The following press release was obtained by Raw Story; the magazine appears today on newsstands in New York and Los Angeles.

NEW YORK, N.Y.—The government secretly tried to orchestrate a deal involving Goldman Sachs in the week following Lehman Brothers’ collapse and considered using the Federal Reserve to help support such a transaction, Andrew Ross Sorkin reports in the new issue of Vanity Fair. Read it HERE.

We may never know of all the secret dealings between Wall Street and the Feds. President Eisenhower warned against the military industrial complex, but now we are faced, not only with that, but the Wall Street Federal complex. This seems much more dangerous to the average citizen. The Federal Government is protecting the banking cartel and neglecting the citizens while requiring the taxpayers to bail out the banks. It is a shame that we have the questionable Federal Reserve which was formed to protect private banks and provide them with the shell game of fractional banking.

From Ed Steer's Gold & Silver Daily:

"Do we really want the people who created $40 trillion of unfunded liabilities in Social Security and Medicare in charge of our health care? Faceless bureaucrats, power-lusting politicians, and people spending other people's money are a recipe for disaster. - Edward Crane"

Folks, I fully agree. How can we trust the Federal Government with its dismal track record with such unconstitutional power over us? We dare not! This is a power grab which exceeds all the previous ones by a quantum leap.

From TheHill.com:

Senators turn back ID requirement for immigrant healthcare

By Jeffrey Young

Senate Finance Committee Democrats rejected a proposed a requirement that immigrants prove their identity with photo identification when signing up for federal healthcare programs.

Finance Committee ranking member Chuck Grassley (R-Iowa) said that current law and the healthcare bill under consideration are too lax and leave the door open to illegal immigrants defrauding the government using false or stolen identities to obtain benefits.

Grassley's amendment was beaten back 10-13 on a party-line vote. Read it HERE.

I have great difficulty in finding anything of value in Obamacare. Here is another travesty. Can you imagine providing health care to those without any form of identification?

I wonder how long the Lord is going to put up with the folly of our government and us. We have turned our backs on Him in so many ways. Most of our churches no longer speak out against the paganism of our government, the corruption of our schools, and the ongoing removal of all reference to the providence of God in our founding history. We should be daily praising Him for His blessings. We should also praise Him for His judgmental wrath upon us as He calls America to repentance.

Folks, we are facing a multiply generation of younger people who are more interested in text messaging, electronic games, and ignorance instilled by the communistic governmental schools. Many of these people are in positions of authority and oblivious to the scriptural requirement of magistrates who are the ministers of God for good. They have no true understanding of what is good without a being steeped in the Word of God. Most are totally against God or so oblivious to the truth of God that they are blinded to all that is good and true. These are our current leaders.

We need pulpits filled with elders who will speak out against our pagan communistic culture with the zeal and power of the prophets of old who shook their fingers in the faces of kings and called them to repentance with strong, "Thus saith the Lord!"

Let us humble ourselves before the Sovereign God, seek His face in repentance, and turn from our evil ways before His lovingkindness is totally removed and America no longer exists. Our very survival as a nation depends upon this. Else, the founded city upon a hill to give light to the world will fade into total darkness.

I know that He will forgive and restore our nation when we return to Him. Blest is the nation whose God is the Lord - King Jesus who is sovereign over all.

Best, Doug