Thoughts on Markets

Friday, December 18, 2009

Silver Looking Good for Picking - Farce of Global Warming

Silver is receiving some positive publicity and is fighting to lower the obscene 62.5 ratio of gold to silver. It is in a valiant attempt to catch up and regain a more reasonable ratio. Note the comments below and the graph on Fortuna Silver (FVITF).

Here is a longer term look at our proxy for silver: SLV.

The boyz do not seem to be paying as much attention to gold as to silver. Gold is still in a temporary correction, though.
Below, see a longer term perspective on gold. It has no broken down through the 50 Day MA. That is not a good sign and indicates a temporary continuation of the correction.

From Reuters:

Gold miners eye gains as bullion stabilizes

Read it HERE.

From MineWeb.com:

Economic freedom, small government crucial to beneficial U.S. resource development

Mining-rich states in the United States require sound economic institutions to truly benefit from natural resource development, a Fraser Institute study has found.

Author: Dorothy Kosich
Posted: Friday , 18 Dec 2009

RENO, NV -

A new Fraser Institute study finds states with small government, low taxes and labor market freedom benefit much more from mining development than states with large and intrusive government policies. Read it HERE.

From Telegraph:

Buyers spurn gold for silver

A leading bullion dealer says that there has been a marked interest from investors for silver in recent weeks. Read it HERE.

I am buying Fortuna Silver as I agree that silver is lagging and appears about ready to catch up. The silver eagles and Canadian Maple Leafs also seem to be good buys at this time. You will have to pay about $2.10 over spot price of silver for these coins. Both are beautiful and have an ounce of silver. FVITF is one of the silver miners which is turning to the up side and is in a good buying range just below $2.00.

From Leap 2020 - The Global Europe Anticipation Bulletin:

LEAP/E2020 believes that the global systemic crisis will experience a new tipping point from Spring 2010. Indeed, at that time, the public finances of the major Western countries are going to become unmanageable, as it will simultaneously become clear that new support measures for the economy are needed because of the failure of the various stimuli in 2009 (1), and that the size of budget deficits preclude any significant new expenditures.

If this public deficit « slip knot » which governments gladly placed around their necks in 2009, refusing to make the financial system pay for mistakes (2) is going to weigh heavily on all public expenditure, it is going to particularly affect the social security systems of the rich countries in always impoverishing the middle classes and the retired, and setting the poorest adrift (3) Read it HERE.

From MineWeb.com:
GOLD SHARES CURRENTLY UNDERPERFORMING

Gold shares could rise next year on sustained rise in bullion

Analysts expect continued gains in the price of the yellow metal to be supportive to gold companies stock prices in 2010

Author: Julie Crust and Jan Harvey (Reuters)
Posted: Friday , 18 Dec 2009

LONDON (Reuters) -

Investors in major gold producers may enjoy some long-overdue gains next year as companies hope to cash in on the precious metal's ability to sustain historically high price levels. Read it HERE.

Could be a good buying time while the prices are down. Consider this very carefully in your investment plans. It could be time to add to or start you precious metals investing.

From TownHall.com:

Shakedown in Copenhagen
by Pat Buchanan

If you would know what Copenhagen is all about, hearken to this nugget in The Washington Post's report from the Danish capital.

"Ethiopian Prime Minister Meles Zenari -- who is representing all of Africa here -- unveiled his proposal Wednesday for a system in which rich countries would provide money to poor ones to help deal with the effects of climate change. Read it HERE.

What a farce the global warming and environmental movement is. While this false "science" has been widely discredited, those intent upon lowering our standard of living and influence in the world persist. The bible warns us about the scoffers and liars which will deceive many in the last days. We are to beware of them. This "science" follows the evolutionary deception of Darwinians. Pray that the Sovereign God would open the eyes of the citizens of the world to the truth of the bible. It is true and does not have to be proven, because it was written by the Creator who cannot lie.

Miners from Scottrade:
Currencies from Kitco.com:
FVITF 1.95; BULM 0.66; DOW Off 42 to 10265; Gold 1104.60, and Silver 17.15 (ounce silver coins should be about 19.25.

Best to each, Doug


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