Thoughts on Markets

Wednesday, December 16, 2009

FVITF - UN Wants Our Guns - Precious Metals Resume Rise

I have orders in to buy FVITF @ a LIMIT of 1.90 and 2.00. This looks to me like a very good silver play.

Silver has resumed, as has gold, the upward move. Silver is still far behind gold in price since one ounce of gold buys 60+ ounces. Thus, we are looking for silver to sprint forward in the not too distant future. One wonders if this new move is the early stage of silver recovery.

From The Daily Pfennig: "Don't know if you've noticed or not, but the Chinese renminbi has been ticking weaker VS the dollar since the President made his visit to China to "nudge" them toward allowing their currency to get stronger VS the dollar... I find this to be quite interesting, don't you? Ok, maybe I'm just one of those people that prefer to have people take care of their own back yard, and not be looking into their neighbor's back yard. . . . Then there was this... Don't know if you've been keeping score at home or not, but the yield on the 10-year Treasury is on the rise again, creeping up inch-by-inch each day, to today's level of 3.57%... Each time this yield has gotten above 3.60%, it mysteriously goes back down, as if there was a renewed interest in buying the 10-year Treasury, that just fell out of the sky! Now, I'm not accusing the Gov't of any shenanigans, not today, I'm not! But doesn't it make you wonder? Doesn't it make you think that there is more to this than it just being a co-in-q-dink?"

China will move only as it sees it in its best interest. It will not be intimidated by Obama or any other leader. China seeks to be the dominant player in international markets and is getting there financially and militarily.

From Jessie's Cafe American blog spot:

15 December 2009

Is the Price of World Silver the Result of Legitimate Market Discovery?

" US bank, JPMorgan, now holds 200 million ounces net short in COMEX silver futures, fully 40% of the entire net short position on the COMEX (minus spreads). As I have previously written, JPMorgan accounted for 100% of all new short selling in COMEX silver futures for September and October, some 50 million additional ounces. As extreme as JPMorgan’s position is, there is a total true net short position of 500 million ounces (100,000 contracts) in COMEX silver futures. Try to put that 500 million ounce short position in perspective. It equals 75% of world annual mine production, much higher than seen in any other commodity.

This makes claims that the COMEX short position represents a legitimate hedge of mine production a lie. The total short position represents almost 100% of the total visible and recorded silver bullion in the world, and 50% of the total one billion ounces thought to exist." See it HERE.

From Gold and Mail:

The gold bubble myth

If you still have any doubts, this is a good article to reveal the fallacy of the truth of governmental intervention. Read it HERE.

From Zero Hedge:

Shadowstats' John Williams: Prepare For The Hyperinflationary Great Depression

John Williams, who runs the popular counter government data manipulation site, has thrown down the gauntlet to deflationists, and in an extensive report concludes that the probability of a hyperinflationary episode in America over the next year has reached critical levels. While the debate between deflationists and (hyper)inflationists has been a long and painful one, numerous events set off in motion by the Bernanke Fed (as a direct legacy of the Greenspan multi-decade period of cheap and boundless credit) may have well cast America as the unwilling protagonist in the sequel of the failed monetary policy economic experiment better known as Zimbabwe.

Williams does not mince his words:

The U.S. economic and systemic solvency crises of the last two years are just precursors to a Great Collapse: a hyperinflationary great depression. Such will reflect a complete collapse in the purchasing power of the U.S. dollar, a collapse in the normal stream of U.S. commercial and economic activity, a collapse in the U.S. financial system as we know it, and a likely realignment of the U.S. political environment. The current U.S. financial markets, financial system and economy remain highly unstable and vulnerable to unexpected shocks. The Federal Reserve is dedicated to preventing deflation, to debasing the U.S. dollar. The results of those efforts are being seen in tentative selling pressures against the U.S. currency and in the rallying price of gold.

Ed Steer of Gold and Silver Daily recommends this as a "must read" and I fully agree. Read it HERE. Note: After you get on the page, you will have to scroll down a good ways for the article. Shadowstats is a good source of economic data which seeks to correct the manipulation of statistics by the government. reports this morning that Hillary has committed to the UN Small Arms Treaty which is destined to register and then confiscate the "small arms" from all citizens of the world. It is sold to the public as a deterrent against terrorism, but is far from that. Do you really believe that the terrorists are going to give up their arms any more than criminals do? This is another attack on our God-given right to self-defense which must be opposed by every freedom loving citizen in the world.

The attack on our God-given right to own self-defense weapons continues unabated. Obama is determined to remove every weapon from law abiding citizens.

God in His word certainly demands that a man protect His family from all assaults: verbal and physical. We protect our families from verbal assaults by teaching our family to live a Christian world and life perspective and encouraging them to prepare to do the same for the own families in the future. We protect our families from criminal attack by living in as safe an area as we can afford, by avoiding confrontations with criminals and other who would rob or assault our families, and finally, as a last resort, defending them with whatever means is necessary in cast of physical threats. We are armed to defend ourselves and our families from violent physical attack when the situation calls for such. Praise the Lord that He is our ultimate attacked, but he does use means, and often the means is the head of the household. Remember, men, we are to protect women and children as the men did on the Titanic.

Miners from Scottrade:

Currencies from
FVITF is 2.03; Bulm is 0.68; DOW is +45 @ 10497; Gold is 1137.40, and Silver is 17.67.

Best to each, Doug


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