Rebuilding the City of God - No Free Markets Only Intervention Still

As 2009 draws to an end, we should give grateful appreciation to the Sovereign God who created all that is and remains in total control of all. He, alone, knows man for the weak creature he is. Since He knows our weaknesses, He has given us new days, weeks, months, and years which steadily roll by. But with each of the news, He provides us with an opportunity to renew our commitment to Him and pray that with the help of the Holy Spirit, He will help us follow our commitments. I believe that His word presents this perspective to us along with the obligation of reviewing our failures and successes of the past time period, particularly, as a new year approaches. We learn more from careful consideration of failures than from successes.

Remember that the results of our actions are in His hands. Let us ever be certain to praise Him for the results and never let our pride get in the way of giving Him the credit. After all, we work to please Him. His is ALL the glory. It is never ours, but we can certainly rest in the fact that the glory belongs to Him.

Let us commit for 2010 to give Him first place in our lives. Let us prayerfully strive under the power of the Holy Spirit to develop and live in the Christian world and life perspective. Let us strive to build the Augustine's City of God to replace the fallen U.S.A.s City of Man. The Lord has laid out this task for us. Let us rise to the occasion as did our founding fathers. We have build the City of Man in America and replaced the founding fathers foundation for the City of God.

I believe that God still has a great plan for the America that once was. Our task is great, but the power of God is greater than any problem we face. With Him, we cannot fail.

Here are the two silver stocks which are peaking my interest still. I am interested in adding more of each. Hopefully, we will see prices a bit lower in the near future. Keep your powder dry and wait a bit for the opportunity. I will keep you posted on my actions, then you can decide for yourself after weighing your special requirements.

From TownHall.com:

Obama's 'Most Important Message'?

By Chuck Norris

As I wrote last week, I knew that President Barack Obama's Christian message in his Christmas address was going to be the weakest in presidential history. But never did I expect to hear him dodge children on the main message of Christmas and then teach them a revised version. Read the entire message HERE.

Yes, the president revealed his either poor knowledge or disdain of Christianity. You decide which it was. Perhaps, even both.

From TownHall.com:

Old Boxing Matches

by Thomas Sowell

Watching old boxing matches on DVDs tells us something about some of the ways in which American society has changed.

The first thing I noticed about the boxers back in the era of Joe Louis, from the 1930s into the 1950s, is that they all wore regulation boxing trunks and they didn't have tattoos. There was no trying to outdo each other with garish boxing trunks or wild tattoos. They didn't try to stare each other down when the referee was giving them instructions before the fight. Yep, there are big changes reflecting the moral decay in our nation which you can read HERE.

I have also reflected on a great change in basketball to day. It has become a contact sport which it was not in the past. It seems that crowds have a blood thurst created to a large extent by the violence in new movies and in virtually every team sport. The people throng to the collesiums at every opportunity to see the new gladiators battle it out. Will it end in seeing the return of the fight to the death of the past? I sincerely pray it will not.

A scary report from TownHall.com:

Malfunctions

by Cal Thomas

Had it not been for a malfunctioning detonator, nearly 300 people traveling on a Christmas Day flight might have perished. Only the faulty device, along with some fast-acting passengers, prevented a disaster.

But the detonator was not the only malfunction in this near-catastrophe. Government also broke down. The suspect, Umar Farouk Abdulmutallab, has been on a watch list for the last two years. That list contains names of people known to have extremist links. British press reports say Abdulmutallab has been on MI5's radar but was deemed insufficiently threatening to warrant surveillance. Still, he was barred from returning to Britain earlier this year, according to the London Times. Read the full report HERE.

To listen to a rational presentation debunking global warming HERE. This is an important message by John Coleman founder of the Weather Channel. This is scientifically sound and is an interesting report using historical charts of weather. It is a must see presentation.

From Ed Steer's Gold and Silver Daily: "Put another way... if you take out the market-neutral spread trades... the '8 or less' bullion banks in the Commercial category are short 75% of the entire Comex silver market. If you have any concerns about this... and you should... please contact CFTC Chairman Gary Gensler at Ggensler@cftc.gov and ask him when he's going to do something about it... and gold, too!

This should be a concern of all. With this overhang on the silver market and similar situation in gold, this portends further intervention in the precious metals markets to the detriment of normal investors. We are being punished while the government favored banks gain immense profits from tax supported bailouts and favors denied to taxpayers Below are the silver and gold graphs from Kitco.com which clearly indicate the activity of intervention.

An interview with Jim Rogers reported by BusinessInsider.com:

Jim Rogers Is "Flabbergasted" By Roubini's Wrongheaded Call On The Gold Bubble

Jim: All of it. How can you talk about a bubble when assets such as silver are 70% below their all-time high? Same for coffee, sugar, cotton, natural gas, and many more. I have a problem talking about a bubble when assets are this depressed from their all-time highs.
A bubble is when assets are screaming to new highs everyday, everyone is talking about them, and everyone owns them. Right now, virtually no one owns commodities. So for Mr. Roubini to talk about a bubble in commodities defies comprehension. It proves he does not understand markets.I am flabbergasted at Mr. Roubini’s comment about bubbles because there is not a single market in the world making all-time highs except Gold, US Government Bonds, Cocoa, and the Sri Lankan stock market. That’s hardly reason to call for a bubble. So, I am most perplexed about this alleged bubble which is out there.If an asset rises 100% in one year, that’s a great year, but not necessarily a bubble. Look at oil. It’s up huge off the bottom but nowhere near it’s old highs. Look at Citigroup. The stock is up 3 or so times off the bottom … Read the entire interviewHERE.

When Jim Rogers speak, we should all listen. He is human and can err, but he is most often correct on his thinking about commodities and other markets

From Telegraph.co.uk:
Gold: the commodity of the year Even though copper and sugar prices have more than doubled this year, 2009's commodity of the year has to be gold.In fact, it's probably the investment of the decade. If you bought gold at the millennium, you would be sitting on gains of about 280pc. Read it HERE.

I could be the commodity of 2010 along with silver. They are one investment that never goes to zero value and the retain value against all unbacked paper currencies in the long run. What a wonderful way to preserve wealth.

From the Houston Chronicle on Ron Paul:

TEXANS IN WASHINGTON

Paul goes from ridicule to respect
By MEREDITH SIMONS Copyright 2009 Houston Chronicle Washington Bureau
Read it HERE.

Ron Paul's campaign against the Federal Reserve is finally having an impact. He has been a long voice in Congress for a long time. "As one crying in the wilderness." We should all be very appreciative of Ron Paul and his firm stand for hard money for decades.

Miners from Scottrade.com:
Currencies from Kitco.com:
FVITF 2.0012 67; BYDDF 8.84; BULM 0.62; DOW up 12 to 10559; Gold 1098.30, and Silver 17.14. Silver Eagles and Maple Leafs should be about 19.24. Might be a good time to buy. Make your own decision.

Best, Doug