Thoughts on Markets

Monday, November 23, 2009

Shortly after the Bell - Global Warming Debunked

Here are the miners from Scottrade's streaming qoutes:
Here are the currencies from Kitco.com:

From MineWeb.com:

MARKET ANALYSIS
Gold to hit $1650 by late 2010, early 2011, but estimate could be low - Jim Sinclair
As a contra to the dollar the outlook for the yellow metal remains strong Author: Geoff Candy Posted: Monday , 23 Nov 2009
JOHANNESBURG -
The poor outlook for the dollar continues to provide good prospects for the price of gold.
According to Jim Sinclair, chairman at Tanzanian Royalty Exploration, the price of the yellow metal could reach as high as $1650 by the end of 2010 and moving into the beginning of 2011. But, the man admits that, given recent happenings, this could be a bit of a low estimate.
"My thesis is that gold is a contra to the US dollar and recent statements out of the Federal Reserve that interest rates will remain extremely low until 2012 is really a go ahead single for gold to continue to perform as it has until at least 2012. Read it HERE.

From MineWeb.com:

Gold continues to shine with $1200 the next price target
Despite a lack of any major news, the price of gold continued upwards last week and, at this stage, shows little sign of stoppingAuthor: David LevensteinPosted: Monday , 23 Nov 2009
During the last week gold make another historic high, touching US$1153 on Wednesday. Once again, what was interesting was that the upward momentum continued despite the fact that there was no real news in the market. Over the last two weeks the price of gold has moved upwards in a series of higher highs and higher lows which I pointed out in my previous newsletter. While I thought it may find some resistance at the US$1125 level, the price breached this level without much difficulty. The next level of resistance seems to be around the US$1150 level, but if the current momentum continues, after a short period of consolidation, this level could be broken and gold could easily hit US$1200. The price of crude bounced between US$80 and US$77 and the EUR/USD see-sawed between 1.500 and 1.4800.
According to an article from Bloomberg Nov. 19, the U.K.'s Royal Mint, more than quadrupled production of gold coins in the third quarter. Output rose to 32,735.8 ounces from 7,500.2 ounces a year before, according to data obtained by Bloomberg News under a Freedom of Information Act request. Production in the first nine months more than tripled to 100,391.3 ounces, the data show. Read it HERE.
All of the news for gold is upbeat. Thus, the "experts" are beginning to see a lower dollar (and other FIAT currencies) and the inflation lurking in behind the curtains. They are moving to the security of the precious metals.

From Bob Livingston:
The Stealth System
November 23, 2009
According to Webster’s Third International Dictionary, “stealth” means, “something stolen,the act or action of proceeding secretly or imperceptibly.”
And according to Black’s Law Dictionary 6th Edition, stealth means, “secret or the act of stealing when the victim is unaware of the theft. Any secret, sly or clandestine act to avoid discovery and to gain entrance into or to remain within residence of another without permission.”
In my view, stealth needs further definition. Stealth should be categorized as being in existence where there is total unawareness by the victim(s). Also, stealth should be characterized as being secretly operative over very long periods of time, so as to be sacrosanct and institutionalized.
An example is the Federal Reserve and its companion, the Internal Revenue Service (IRS). Time bestows legitimacy. This means that millions of people are born into the system who never question its legitimacy, legality or morality. Read it HERE.
The stealth activities of the Federal Reserve and the Federal Government seem to be above the law as they see it. Both exist by the providence of God and the are subject to both His law and the Constitution. Currently, they have made themselves a law unto themselves. Thus, we are being subjected to man's ever changing law which is contrary to the unchanging law of God. This is an abomination which could well be the judgment of God upon our nation.

From Telegraph.co.uk:
Climategate: the final nail in the coffin of 'Anthropogenic Global Warming'?

If you own any shares in alternative energy companies I should start dumping them NOW. The conspiracy behind the Anthropogenic Global Warming myth (aka AGW; aka ManBearPig) has been suddenly, brutally and quite deliciously exposed after a hacker broke into the computers at the University of East Anglia's Climate Research Unit (aka Hadley CRU) and released 61 megabites of confidential files onto the internet. (Click: HERE)
When you read some of those files – including 1079 emails and 72 documents – you realise just why the boffins at Hadley CRU might have preferred to keep them confidential. As Andrew Bolt puts it, this scandal could well be “the greatest in modern science”. These alleged emails – supposedly exchanged by some of the most prominent scientists pushing AGW theory – suggest:
Conspiracy, collusion in exaggerating warming data, possibly illegal destruction of embarrassing information, organised resistance to disclosure, manipulation of data, private admissions of flaws in their public claims and much more. Read it HERE.
This is eye opening news. Though we suspected it all along, it seems to have been proven. The global warming is a lie, just as Gore lied about inventing the Internet.

Here are some of prices: BULM 0.75; BYDDF 8.57; AMNP 0.78; DOW up 145 to 10463; Gold 1172.80; Silver 18.91. The dollar is down big time and destined for further decay.
I have yet to decide on any trades, but am looking. Will broadcast by email any actions I take.
We can always depend upon our Covenantal God to be true to His word. He will bless covenant keepers and punish covenant breakers. Study His word to discover all the answers to every problem facing man. Though He did not have to, He decided to give us the Bible to guide us under the power of the Holy Spirit. Be one of His as the Holy Spirit brings you to life and empowers you to obey King Jesus.
Best to each, Doug


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