The Christian Long Term Vision - Buying Opportunities

We, as responsible Christians, must take a long term view on all of life, including financing. We are encouraged and strengthen in this since we know that our Sovereign King Jesus is in control of all. His gracious promises that we can never be separated from the love of God and that all things work together for our eventual good, strengthen our faith for the challenges He presents to us.

We are giving our marching orders in Genesis, "Be fruitful and multiply; fill the earth and subdue it; have dominion over the fish of the sea, over the birds of the air, and over every living thing that moves on the earth." (Gen. 1:28) This command was reinforced to Noah after the earth covering flood, as follows: "Be fruitful and multiply, and fill the earth. And the fear of you shall be on every bird of the air, on all the move on the earth, and on all the fish of the sea. They are given into your hand." (Gen. 9:1,2)

This is our task. It is an awesome task, but God always works through the weakness of man for His glory. As parents, we are to teach our children to continue this task. It is not likely to be completed in our life time. But our children, their children, and continuing generations of children prepared and diligently working for this will be blessed and aided by God to complete the task. Education of our children it our God given task, and is not that of the state. We must teach our children all about our King Jesus and His assignment.

We must also equip our children financially for the Kingdom work which they must do. Therefore, we have a very long term view of marching in the spiritual army of God. That is one of the primary reasons for protecting our wealth in the media which from biblical times has been the sure store of wealth. Our wealth must be used in the spread of the Kingdom of our Lord and Savior Jesus Christ.

As I have often reminded us, investing or maintaining wealth in precious metals is a long term project. Over time, gold have proven a vastly greater media than any unbacked paper currency. Thus, I wanted to look at the weekly, 3 year graph of gold today. Below, you can see that gold is above both its 50 and 200 day moving averages. Early in March, the graph shows a head and shoulders formation which is followed by a serious correction to the 50 day moving average. Now despite the hammering by the boyz as it struggles to go above 900. it has moved upward and has traded between about 875 and a little above 900 since. For it to advance much from here, it must surpass 916. However, since we are not in any type of free market, this could be a difficult challenge.

Belows are the 24 hour graphs for spot prices of gold and silver. Once again, we can clearly see the non market activity at the opening of trading in NY. Both metals were hammered down again. Currently, gold is 883.50 down 14.80 and silver 12.26 down 0.53. Both are on down ticks.

The miners are, as follows: DROOY 8.11 -0.36; HL 2.49 -0.11; HMY 9.43 -0.32; SLW 7.66 -0.29, and VGZ 2.00 -0.08. I bought a few VGZ shares at 2.03 and at 2.01. The miners are holding up quite well, even on drops in the price of gold. We are rapidly approaching May. The question now becomes, "Do we sell in May and run away." This is a saying on Wall Street, as that has been seen as good advice in some years. The market will soon give us the answer. By the way, the DOW is 8293 up about 107+.

From MineWeb.com:

Are new rules setting new copper benchmark price?

What's driving copper to its recent high of $2.20 a pound? "We're playing by a different set of rules now," says Gianni Kovacevic*, corporate development strategist at Global Opportunities AG. Interview with The Gold Report.

Author: The Gold Report
Posted: Wednesday , 29 Apr 2009

VANCOUVER, BC -

The Gold Report: Gianni, can you give us your short-term and long-term view on the copper market? Any sense of what's driving copper to its recent high of $2.20 a pound?

Gianni Kovacevic: All investors need to recognize that commodities, and copper in particular, are following a new rule book that is still being written. In the past week or so, many people have been saying in the media that "copper is money." Certainly any commodity that is based in U.S. dollars can be considered money, and within the past six months, since the breathtaking fall of all commodity prices in all asset classes, we've seen copper bottom out at about $1.25. Since then, during the last three months, it has risen back up 40% to 50%. As copper traded below $1.50 for an extended period of time, the world's biggest user of copper, China, was able to buy market-finish copper on the market at $1.25 to $1.50. HERE.

The wise Chinese have been stock piling copper and other critical base metals for some time. That is a good use of their stash of ever worth less dollars. Things are better than dollars. Durable things that are useful are far better than dollars. Inflation will rear its ugly head soon enough, since the world has been flooded with dollars in quantities never before seen.

From Bloomberg.com:

Derivatives Hit Austrian Railroad With Record Loss
By Zoe Schneeweiss

April 29 (Bloomberg) -- OeBB-Holding AG, Austria’s state- owned railroad company, reported a record 966 million-euro ($1.3 billion) loss after writing down the value of derivatives that went awry.

OeBB’s 2008 loss compared with a profit of 42.4 million euros a year earlier after the company wrote down the entire 613 million-euro notional value of synthetic collateralized debt obligations. The Vienna-based company, which bought the contracts from Deutsche Bank AG in 2005 and 2006, is appealing a February court ruling dismissing a claim that the lender didn’t disclose the risks associated with the derivatives. HERE.

They will hit here at some time in the future. It is inevitable that the derivatives will cause other crises in the not too distant future. As usual, the "solutions" will never protect the investors, it will only protect the financial institutions which have, along with governments, caused the problems.

From Politico.com:

Suite Talk April 23, 2009

By CHRIS FRATES | 4/23/09

Goldman Sachs is finalizing a deal to hire Michael Paese to head its Washington office, according to lobbying and company insiders.

Paese, now the executive vice president of global advocacy for the Securities Industry and Financial Markets Association, is viewed as “the capstone in an effort to reformulate the Washington office,” said a company insider.

Paese is a big-name Democrat with deep industry ties and an inside Washington game who had worked for House Financial Services Committee Chairman Barney Frank (D-Mass.).

Paese would replace Ann Costello, a Republican who recently announced she’s leaving Goldman to run Bank of New York Mellon Corp.’s global government relations. Mark Patterson, who partnered with Costello to run the office before leaving last year to advise Barack Obama’s presidential campaign, is now Treasury Secretary Timothy Geithner’s chief of staff. HERE.

See what I mean. Even those selected to save us are only attempting to save the insiders and the favorite institutions.

From Financial Times Online:

Fixing bankrupt systems is just the beginning

By Martin Wolf

Published: April 28 2009 21:59 | Last updated: April 28 2009 21:59

Can we afford to fix our financial systems? The answer is yes. We cannot afford not to fix them. The big question is rather how best to do so. But fixing the financial system, while essential, is not enough. HERE.

I don't know that we can save our FIAT paper currency system. While we know that a return to the gold standard would be the ultimate solution, I do not believe we will see that anytime soon. There is just too much invested interest in the paper "money." It would, also, show some wisdom to let inefficient businesses, including banks, to go bankrupt and allow more efficient ones to survive. It makes no sense to perpetuate inefficiency.

From TownHall.com:

Reconciliation's Slippery Path

by George Will

Reconciliation: The action of bringing to agreement, concord, or harmony. -- Oxford English Dictionary WASHINGTON -- But under Senate rules, "reconciliation" can be a means for coping with disharmony by deepening it. The tactic truncates Senate debate and curtails minority rights. The threat to use it to speed enactment of health care reform has coincided with talk about possible prosecutions relating to the previous administration's interrogation policies. Harmony is becoming more elusive.

Under "reconciliation," debate on a bill can be limited to 20 hours, enabling passage by a simple majority (51 senators, or 50 with the vice president breaking a tie) rather than requiring 60 votes to terminate debate and vote on final passage. HERE.

More double speak from Washington!

From MineWeb.com:

Mining and metals and auto sectors principal beneficiaries of China recovery

With the Chinese economy tipped to expand 8 percent this year, companies with a Chinese presence may see sales there offsetting declines elsewhere, with mining and autos among the best placed.

Author: Dominic Lau
Posted: Wednesday , 29 Apr 2009

LONDON (Reuters) -

China's improving economic outlook is one of the bright spots on an otherwise murky horizon for European stocks, with the potential to fuel rises in miners, carmakers, chemical groups and capital goods stocks.

Signs of a Chinese recovery are emerging, and analysts say the impact of stronger growth on companies selling into that market could partly compensate for continued weakness in Europe and the United States.

Most European firms with a presence in China still generate only a small part of their sales in the country, where domestic consumption as a proportion of GDP is lower than in the West, meaning the impact is likely to be limited.

But any exposure at all to an economy tipped to expand at 8 percent while much of the rest of the world stays mired in recession carries potential benefits. HERE.

China seems to be on the road to recovery. From many sources, I have heard of their booming automobile industry. As the income of the people has risen, more vehicles are being purchased. Certainly, all is not milk and honey in China, but there are signs of recovery.

From Casey's Daily Resource Plus:

"'If you spent $1 million a day since the day Jesus Christ was born, you still wouldn't have spent a trillion dollars.' - Senator Mitch McConnell"

Even in our secular, pagan world Jesus Christ is known. Would that more Christians would step forward to spread the good news that Jesus Christ works in the world through His people who are solidly in covenantal relationship with Him. We have our marching orders, let's get to it.

Best to each, Doug

Dollar Down - Metals Strong - Williams Discusses Morals

Both silver and gold are acting better today. The dollar is down, so our metal prices are moving upward. Gold is 899.80 up 6.50 and silver is 12.78 up 0.29. Both are on up ticks.

The miners are doing well, too. Here are a few >> DROOY is 8.36 up 0.11; HL is 2.69 up 0.12; HMY is 9.77 up 0.11; SLW is 7.99 up 0.29, and VGZ is 2.17 up 0.01. Our star HL is still very strong. She the article on HL, below, which points to some reasons, therefor.



From TownHall.com:

Law vs. Moral Values

by Walter E. Williams

A civilized society's first line of defense is not the law, police and courts but customs, traditions and moral values. Behavioral norms, mostly transmitted by example, word of mouth and religious teachings, represent a body of wisdom distilled over the ages through experience and trial and error. They include important thou-shalt-nots such as shalt not murder, shalt not steal, shalt not lie and cheat, but they also include all those courtesies one might call ladylike and gentlemanly conduct. The failure to fully transmit values and traditions to subsequent generations represents one of the failings of the so-called greatest generation. Read the article HERE.

He is correct in statements that laws and police can never replace moral values. However, he fails to state here that sound moral values flow out of the law of God through His people and churches to society. When the people of God fail to set Godly moral standards for the government and society, we have the chaos that exists today. We need Christian individuals, families, and churches to speak out to society, "Thus, saith the Lord." Without this the moral decay will continue until there is total chaos. There are only two choices God's law or chaos, or to put it another way life or death.

From MineWeb.com:

PRODUCER DISCIPLINE PAVES THE WAY FOR RECOVERY

Worst recession in living memory, but metals already eyeing the sunny uplands

Stay with precious metals, urges RBS, but ensure also that you have industrial metal exposure. April heading to be the best month for prices in 40 years. Zinc is expected to slip into deficit next year and copper in 2011, but aluminium is carrying heavy inventories that may yet increase further.

Author: Rhona O'Connell
Posted: Wednesday , 29 Apr 2009

LONDON -

The latest quarterly Commodity Companion from Royal Bank of Scotland records that the RBS Base Metal Price Index has since the end of 2008 risen by 20% and is on course for further gains. Despite the fact that there is as yet little sign of any real demand growth, a number of elements have allowed commodities to prosper, and base and precious metals have taken the limelight with oil, natural gas and steel having to take a back seat.

The primary factors behind the increase in metals prices so far have been; a) monetary and fiscal stimulus, 2) hefty supply cutbacks) Chinese metals stockpiling and d) the "cash-for-clunkers' boost to auto sales. Read it HERE.

I will be looking into the base metals in the near future. Copper has been a metal that I follow since so much of infrastructure repair and expansion depends upon copper.

News on our star performer from MineWeb.com:

Metals price increases, mining cost decline improve Hecla's bottom line

"Much improved" mining operational results, a substantial increase in reserves at the Lucky Friday Mine, and metals price volatility have improved Hecla Mining's 2009 outlook.

Author: Dorothy Kosich
Posted: Wednesday , 29 Apr 2009

RENO, NV -

Metals price volatility worked to Hecla's favor during the first-quarter 2009 with received silver prices strengthening, gold increasing $186/oz, and lead prices doubling compared with the fourth quarter of 2008.

Meanwhile, Hecla's average cost-per-ounce declined 38% to $7.48/oz from $4.67/oz as silver production increased 128% to 2.86 million ounces, mainly due to the 100% acquisition of the Greens Creek mine in Alaska.

The Idaho-based silver miner reported a net income of $3.9 million or two-cents per share for the first quarter of this year, down from a net income of $12.1 million or 10-cents per share during the first-quarter 2008.

The first-quarter 2009 results include a $6.2 million gain on the sale of Hecla's Velardeña mill in Mexico and a gain of $9 million associated with the curtailment of a corporate non-pension benefit plan. The mill was sold for $8 million in cash and 750,000 shares of ECU Silver Mining. The facility had not been used since 2005. Read more about Hecla Mines HERE.

From MineWeb.com:

Gold prices to stay high, but investors to shift to equities, industrial commodities

Scotiabank's Patricia Mohr advises that copper prices have surged to genuinely profitable levels, although zinc and nickel prices still remain below average break-even costs.

Author: Dorothy Kosich
Posted: Wednesday , 29 Apr 2009

RENO, NV -

While gold prices are expected to stay high this year, Scotiabank economist Patricia Mohr predicts that "investor interest is likely to gradually shift first to equities and then to industrial commodities in the next several years."

Mohr also noted that LME copper prices have surged to "genuinely profitable levels" of US$2.16 per pond on April 16, yielding an average 37% profit over average global break-even copper production costs.

Purchases by China's State Reserve Bureau, tight global scrap supplies and higher prices on the Shanghai Futures Exchange than on the LME have boosted China's imports, Mohr said. Meanwhile copper stocks on the Shanghai Exchange remain "quite low." More of this HERE.

More on China's purchases of gold from MineWeb.com:

The significance of Chinese gold holding clarification - CPM

The recent announcement that China has increased its monetary reserves of gold by 14.6 million ounces (454 tonnes) is perhaps more significant in the process than in the amount, reckons CPM.

Author: Lawrence Williams
Posted: Tuesday , 28 Apr 2009

LONDON -

In a Market Alert briefing note, New York-based precious metals analysis specialists CPM have pointed out some significant aspects of the announcement of the increased 14.6 million ounce (454 tonne) holding in Chinese gold reserves overlooked in most reports. Chinese gold reserves are now stated as being some 33.89 million ounces - or just over 1,000 tonnes, making it the world's sixth largest holder of gold after the US, Germany, the IMF, France and Italy - excluding, though, the 1,100 tonnes held in the SPDR Gold Trust ETF.

Firstly, it is pointed out that the purchases over the past six years had been made by the Chinese State Administration of Foreign Exchange (SAFE) rather than by the Peoples Bank of China (PBOC), which is why the amount of gold had not appeared in China's official reserve figures. Now though, the holding has been transferred to the PBOC and hence the announcement.

CPM reckons this transfer is particularly important in that Chinese government leaders were interested in buying gold over the past several years, but that there was a great deal of internal debate as to whether such gold should be added to monetary reserves held by the Central Bank, or as investment stocks to be held by China Investment Corporation or other non-monetary Chinese government entities. As CPM points out, the real news is thus that that discussion has obviously now been resolved, and the gold has been added to the monetary reserves held by the Central Bank. More HERE.

Here is an article that speaks for itself.

• APRIL 27, 2009

Car Dealers' Next Headache: Inventory Loans

By JOHN D. STOLL

For Chrysler LLC and General Motors Corp. dealerships, slow sales are just part of their worries. Now they're bracing for possible auto-maker bankruptcy filings that could trigger repayment of their inventory loans.

The two auto makers have about 10,000 dealers in the U.S., with the bulk of them carrying considerable debt, mainly from the money they borrow to buy cars that sit on their lots. If Chrysler or GM were to file for bankruptcy protection, the banks extending that credit could immediately begin calling dealer loans, demanding a good portion of the money back and refusing to extend any more inventory financing.

U.S. taxpayers, meanwhile, could be called to the rescue. MORE.

Why should the taxpayers have to bail out the failed automobile industries? Let them pay for their own mistakes.

From Wall Street Journal Opinion:

Busting Bank of America

A case study in how to spread systemic financial risk.

The cavalier use of brute government force has become routine, but the emerging story of how Hank Paulson and Ben Bernanke forced CEO Ken Lewis to blow up Bank of America is still shocking. It's a case study in the ways that panicky regulators have so often botched the bailout and made the financial crisis worse. More.

Bank of America has been showing signs of cracking more and more. Perhaps, we have yet to see the full extent of the banking crisis. Others are likely to follow.

Rest in the assurance of the faithful promises of our Sovereign God who is working all things together for our eventual good and for His own glory. We are to glorify God and enjoy Him forever.

Best to each, Doug

Graphic Review of Some Miners

First, we will examine four silver miners. Silver has been catching up with gold for a while. It is certainly not out from under the view and hammering by the boyz, but we have some interesting difference between the action of the various silver miners. The first three SLW, PAAS, and SSRI have essentially the same pattern. However, HL (Hecla) is making a much stronger showing and is well above its 50 day moving average by a greater extent than the other three.

Remember that PAAS and SSRI are the biggest of the four. Therefore, one would expect them to move more slowly that either SLW or HL. SLW has a pattern very similar to the two larger mines, but HL is out on its own.

I am reluctant to even put trailing stops under HL for fear of having them hit and the sells executed while HL is acting so well. I am looking forward to being able to add to the HL at some time during the summer months of slow trading and often lower prices.




Vista Gold (VGZ ) has a pattern similar to the first 3 silver miners while VGZ is primarily a gold miner. This is interesting. I believe that the four without HL are more subject to the pricing of the metals while HL has something else going for it. It was a come lately to our trading stocks, but has been well Worthy of being added to them.
From Reuters on Hecla Mining:

UPDATE 1-Hecla Mining posts Q1 profit

Tue Apr 28, 2009

* Q1 shr $0.02 vs $0.10 a yr ago

* Q1 Rev $54.7 mln vs $37.5 mln last yr

* Says rescheduled 2009 term debt repayments

April 26 (Reuters) - Hecla Mining Co (HL.N) reported a quarterly profit, helped in part by a surge in silver production, and said it had reached an agreement with its lenders to reschedule its 2009 term debt payments until 2010 and 2011.

For the latest first quarter, the precious metals company earned $3.9 million, or 2 cents a share, compared with $12.1 million, or 10 cents a share, last year. Revenue jumped 46 percent to $54.7 million.

The results include a $6.2 million gain on the sale of the company's Velardena mill in Mexico and a gain of $9.0 million from the curtailment of a corporate non-pension benefit plan, Hecla said.

Silver production for the first quarter came in at 2.86 million ounces, up 128 percent from the prior year period. Read the whole report HERE.

That is an encouraging report for the most part. Looks as though the good news will keep coming. Perhaps, this is some of the news which is moving HL. It is still our star performer.

Best, Doug

Precious Metals Hammered Again - Buying Opportunity?

Both silver and gold have been hammered downward both last night and this morning. This is not the action of a free market. Of course, I understand that we do not have a free market in America. It has been gone for many decades and replaced by socialistic central control in violation of the law of God and the Constitution. But these days who in government considers either important?

We may be having another day of buying opportunities in the miners. Gold is 888.20 down 18 and silver is 12.44 down 0.46. Both are on down ticks.


The stocks have just opened. Our miners show, the following: DROOY 7.94 -0.44; HL 2.42 -0.18; HMY 9.356 -.06; SLW 7.82 -025, and VGZ 2.16 -0.10. All are holding fairly well, but the market has just opened. Watch for buying opportunities during the day.

From WorldNetDaily, we have news of the latest probable expansion of big brother into the Internet. Of course, the appointment of a person with such mind set is dangerous to the freedom we enjoy on the Internet. After all, who blindly reads the Internet offerings without using discernment? Of course, those who want to protect us from ourselves, as we would do for children, believe us to be naive children. Let us think for ourselves as our Creator has given us brains to use.

MEDIA MATTERS
U.S. regulatory czar nominee wants Net 'Fairness Doctrine'
Cass Sunstein sees Web as anti-democratic, proposed 24-hour delay on sending e-mail

---

Posted: April 27, 2009
8:41 pm Eastern

© 2009 WorldNetDaily

Cass Sunstein

WASHINGTON – Barack Obama's nominee for "regulatory czar" has advocated a "Fairness Doctrine" for the Internet that would require opposing opinions be linked and also has suggested angry e-mails should be prevented from being sent by technology that would require a 24-hour cooling off period.

The revelations about Cass Sunstein, Obama's friend from the University of Chicago Law School and nominee to head the White House Office of Information and Regulatory Affairs, come in a new book by Brad O'Leary, "Shut Up, America! The End of Free Speech." OIRA will oversee regulation throughout the U.S. government.

Sunstein also has argued in his prolific literary works that the Internet is anti-democratic because of the way users can filter out information of their own choosing.Read it HERE.

If you missed it HERE is Ron Paul's calming message on the Swine Flu panic.

From TownHall.com:

Tuesday, April 28, 2009

Survival Optional

by Thomas Sowell

It used to be said that self-preservation is the first law of nature. But much of what has been happening in recent times in the United States, and in Western civilization in general, suggests that survival is taking a back seat to the shibboleths of political correctness.

We have already turned loose dozens of captured terrorists, who have resumed their terrorism. Why? Because they have been given "rights" that exist neither in our laws nor under international law.

These are not criminals in our society, entitled to the protection of the Constitution of the United States. They are not prisoners of war entitled to the protection of the Geneva Convention.Read it HERE.

From TownHall.com:

Tuesday, April 28, 2009

The Decline and Fall of Private Education

by Chuck Norris

The report explains that during the 2007 and 2008 legislative sessions, 44 states introduced school-choice legislation. And in 2008, choices for private school were enacted into law or expanded in Arizona, Utah, Georgia, Florida, Louisiana and Pennsylvania. Today 14 states and the District of Columbia offer voucher or education tax-credit programs that aid parents with sending their children to private schools. But that may be short-lived.

Despite the growing public preference for private education, Congress recently canceled the D.C. Opportunity Scholarship Program, which was created in 2004 to offer students from low-income families in the nation's capital an opportunity to join the voucher educational community. The law provided $14 million in scholarships to help pay for tuition at private schools of their choosing. But no longer. Read it HERE.

Were the government schools anything other than mind washing institutions designed specifically for indoctrination of children into socialistic robots who see the state as the messiah, there would not be the parental preference for private schools. The government school system cannot be fixed, it must be replaced.

From MineWeb.com:

The significance of Chinese gold holding clarification - CPM

The recent announcement that China has increased its monetary reserves of gold by 14.6 million ounces (454 tonnes) is perhaps more significant in the process than in the amount, reckons CPM.

Author: Lawrence Williams
Posted: Tuesday , 28 Apr 2009

LONDON -

In a Market Alert briefing note, New York-based precious metals analysis specialists CPM have pointed out some significant aspects of the announcement of the increased 14.6 million ounce (454 tonne) holding in Chinese gold reserves overlooked in most reports. Chinese gold reserves are now stated as being some 33.89 million ounces - or just over 1,000 tonnes, making it the world's sixth largest holder of gold after the US, Germany, the IMF, France and Italy - excluding, though, the 1,100 tonnes held in the SPDR Gold Trust ETF.

Firstly, it is pointed out that the purchases over the past six years had been made by the Chinese State Administration of Foreign Exchange (SAFE) rather than by the Peoples Bank of China (PBOC), which is why the amount of gold had not appeared in China's official reserve figures. Now though, the holding has been transferred to the PBOC and hence the announcement.

CPM reckons this transfer is particularly important in that Chinese government leaders were interested in buying gold over the past several years, but that there was a great deal of internal debate as to whether such gold should be added to monetary reserves held by the Central Bank, or as investment stocks to be held by China Investment Corporation or other non-monetary Chinese government entities. As CPM points out, the real news is thus that that discussion has obviously now been resolved, and the gold has been added to the monetary reserves held by the Central Bank. Read it HERE.

I believe that China would have the strongest currency in the world today if she would simply back the Renminbi with gold. In fact, any backed currency would be the preferred in the world. Is that what China is thinking? Could be in the longer run.

If you decide to buy, buy in small increments and then put in day order trailing stops to protect as prices rise. Gold is 887.20 and silver 12.42. The DOW is off 48+.

Make you own investment decisions and trust in the Lord for success.

Best to each, Doug

Has America Turned from Life to Death? Christians have the answer.

"And to the angel of the church in Sardis (AMERICA) write, 'This things says He who has the seven Spirits of God and the seven stars: I know your works, that you have a name that you are alive, but you are dead. Be watchful, and strengthen the things which remain, that are ready to die, for I have not found your works perfect. Remember therefore how you have received and heard; hold fast and repent. Therefore if you will not watch, I will come upon you as a thief, and you will not know what hour I will come upon you. You have a few names even in Sardis who have not defiled their garments; and the shall walk with Me in white, for they are worthy.'" (Revelation 3:3, 4)

How we must weep for America! The nation which was created by the providential hand of God. The nation which was so abundantly blessed by God. The nation which was founded on biblical law and gave homage to the Creator God in the Declaration of Independence and the Constitution of These United States. For two centuries God blessed our nation.

However, in the latter part of the nineteenth century, we began to drift away from God's Law and are now reaping the chaos which comes from a lack of respecting and honoring the Sovereign God of all. Thus, we are reaping, as a nation, the curses promised for disobedience to His word.

We, as Christians, can always rise with lasting joy in the Lord. His promises for us are a joy which gives peace at all times of trouble and challenge. However, we must learn to speak out to those with whom we are brought into contact by our God. We must be ready to explain the hope that lies within us. Else, we are failing to give the glory and honor to the Triune God who deserves all of it. We must speak to the civil authorities to remind them that God has placed them in their positions of magistrates as His ministers for good.

They must be challenged to follow His law in every aspect of their jobs. This, too, is our responsibility. Thus, we must set the example for our families, friends, our churches. Our churches must begin to fulfill their responsibility as the light and salt of the earth. They must speak as prophets of old with the warnings, "Thus, saith the Lord." We must call them back to the God who created and sustained this nation from its founding.

I am not without hope in this, because I know King Jesus and rest in the wisdom of His decisions. Nothing can separate us from His love for His people. And He has promised that He is working all things together for the eventual good of His people. What peace and comfort it is to rest on His faithful promises knowing that they were presented by a God who cannot lie.

Turning to the metal markets, we see that the boyz have taken advantage of the light trading in the East to cap both silver and gold. Both spiked downward near the opening of Hong Kong trading. The mining stocks, particularly, Hecla Mining and Vista Gold. We may have a buying opportunity again tomorrow. Will have to wait and see what happens in NY. Here are the graphs for silver and gold.


Both metals have rebounded from the hammer blows, but are still in negative territory. Silver is down 0.19 to 12.71 and gold is down 7.20 to 899.10. Both are currently on down ticks. Yes, we may have miners in buying range tomorrow. I have been using some day order trailing stops at 5-10%. Notice, I said, "Day orders." Often the metals are hammered down early in NY trading and then bounce right back. If your stops are good til canceled, they are likely to get hit on these moves. Be very cautious in buying and ready to protect profits with trailing stops.

Be still and know the He is God and is in control. But we have our part to do in accordance with His plan.

Best to each, Doug

Attacks upon 1st & 2nd Amendments - Miners Holding

More actions to ignore or replace our God-given rights which were upheld by the Constitution. Of course Washington has no respect for the Constitution and disdain for our founding fathers. These renewed attacks on our rights are just the tip of the iceberg. More will follow as the anti-constitution engine gathers speed.

This, too, must be part of the judgment of God upon us for turning our backs, as a nation, upon Him and His law. Remember, we either live under God's Law or we will have continual chaos. There is no other choice. The first is a choice for life, and the second is a death wish.

From WorldNewsDaily.com:

Nation's talkers meet on 'imminent threat'
Top hosts hold unprecedented summit to stop efforts at government control

---

Posted: April 26, 2009
11:09 pm Eastern

© 2009 WorldNetDaily

WASHINGTON – Putting aside their own competitive interests, representatives of more than two dozen of the nation's top talk shows held an unprecedented private meeting over the weekend to brainstorm strategies against what they agreed are government plans by to squelch critical political speech on radio.

Organized by Brad O'Leary, author of the new book, "Shut Up, America! The End of Free Speech," and Joseph Farah, editor and chief executive officer of WND, the group chose one attendee to be spokesman and chairman of the coalition – syndicated host Roger Hedgecock of San Diego.

A daylong discussion today focused on what was described as the "imminent threat" of so-called "localism" requirements that will subject radio programming to the review by panels of community activists who will evaluate station content. These panels will be empowered to make recommendations for programming changes and challenge at the Federal Communications Commission the licenses renewals of stations that don't heed their advice.
Read it HERE.

From NRA:

Brady Campaign And Lautenberg Unite To Mislead And Control--Again

Friday, April 24, 2009

This week, in a typically misleading move designed to bolster their political agenda rather than reduce violent crime, the Brady Campaign released a report calling for background checks on "all gun sales in America, including at gun shows." The Brady report was intentionally designed to correspond with, and bolster, a "gun show loophole" bill (S. 843) introduced this week by fanatical anti-gun Senator Frank Lautenberg (D-NJ). In fact, the Brady report was released at the press conference Lautenberg held earlier this week. Paul Helmke, President of the Brady Campaign, said in the group's press release, "We can do this. It will have no impact on any law-abiding gun owner in the country." Of course, that is absolutely false—the proposal will ONLY impact law-abiding gun owners, including any law-abiding person selling a firearm to a law-abiding buyer. Does Helmke really think that criminals, drug cartel members, and violent gang thugs are going to start legally purchasing firearms and submitting to a background check? Law-breakers, by definition, break the law. They are criminals; they are predatory, they operate outside of the law. You know that, we know that, Lautenberg knows that, even Helmke knows that. Read it HERE.

Here is a look at the gold graph today. It is obvious that the boyz were at it again. But look at the downward spike followed by an strong upward leg. There is buying out there in spite of the War Against Gold.
Silver suffered a more gentle downward move which was, also, following by a strong upward spike. Gold is at 907.03 on a down tick and silver 13.01 on an up tick.
It is early in the day, but I am thinking trailing stops in the range of 10%, and possibly higher. The mining stocks are, as follows: DROOY 8.06 -0.42;HL 2.35 +0.13; HMY 9.70 -0.06; SLW 8.15 +0.06, and VGZ 2.31 -0.03. All are holding well.

From MineWeb.com:

Gold one of best asset plays, but copper due for pullback - and don't count on China!

Bullish on gold, platinum, palladium and natural gas, but far from bullish on the recovery, which he sees happening later than expected. Interview with John Licata from The Gold Report.

Author: The Gold Report
Posted: Monday , 27 Apr 2009

VANCOUVER, BC -

The Gold Report: John, you've said that you are not bullish on the recovery. We've recently noticed that things are starting to pull back. What's causing the pullback, in your opinion? Why isn't there more euphoria about some of the recently released earnings?

John Licata: We've been hearing from many companies, prior to earnings releases, that the second half of this year was going to look a lot better. Once these companies actually started to release earnings, however, we started to hear that recovery could be pushed back in 2010. Read the interview HERE.

From MineWeb.com:

Harmony Gold shuts mine to aid rescue efforts as workers trapped

Harmony has shut its Tshepong gold mine in South Africa to allow rescue efforts following a fall of ground which has trapped two workers. The company is not sure whether workers alive or dead.

Posted: Friday , 24 Apr 2009

JOHANNESBURG (Reuters) -

Harmony Gold Mining Co. (HARJ.J: Quote), the world's No. 5 producer said on Friday it had temporarily stopped production at its Tshepong mine in South Africa after a fall of ground trapped two workers underground.

"The mine is not blasting and is not producing so as to prevent further danger to our employees," Marian van der Walt, Harmony's executive of corporate and investor relations said.

"The rescuers are working vigorously trying to rescue the two workers who are still trapped underground." Read it HERE.

From Business Intelligence Middle East:

Dubai bullish as gold imports rise 15% in first quarter

Source: BI-ME and Reuters , Author: BI-ME staff

Posted: Mon April 27, 2009

Dubai's gold imports in the first quarter of 2009 grew to 140 tonnes, up 15% from the same period of the previous year, according to data from Dubai World Group.

The value of the gold trade rose nearly 5% to US$7.4 billion in the first three months of the year when compared with the first quarter of last year, data showed.

Dubai exported 116 tonnes of gold in January to March. Switzerland and India were the top exporters to the emirate in the quarter, while Pakistan and India were the leading importers from Dubai. Read the article HERE.

From Reuters:

India gold jewellers: festival sales down sharply

Mon Apr 27, 2009

* Several jewellers say sales down 20-40 percent on year

* India gold price up 27 percent on year weakens demand

* Festival seals fate of poor first-half India sales

By Ruchira Singh and Siddesh Mayenkar

MUMBAI, April 27 (Reuters) - Several Indian gold jewellers said their sales on a major gold-buying festival on Monday are likely to be down 20-40 percent on year, with rising prices and an economic slowdown hitting consumers' spending capacity. Read the article HERE.

I wonder how low we will have to sink before we return to the God of our fathers. It is amazing how low our nation has fallen. Let us, as families and churches turn back to the Sovereign God of all that our nation may be healed.

Best to each, Doug

God's Discipline Continues Unheeded - Metals Up

From MineWeb.com:

China's been building its gold reserves - now over 1,000 tonnes

A Chinese official has confirmed the belief that the country has been quietly building up its gold reserves. It is now the world's fifth biggest holder of gold with more than 1,000 tonnes held.

Author: Alfred Cang and Lucy Hornby
Posted: Friday , 24 Apr 2009

BEIJING (Reuters) -

China revealed on Friday that it had quietly raised its gold reserves by nearly three-quarters since 2003, increasing its holdings to 1,054 tonnes and confirming years of speculation it had been buying.

Hu Xiaolian, head of the State Administration of Foreign Exchange (SAFE), told Xinhua news agency in an interview that the country's reserves had risen by 454 tonnes from 600 tonnes since 2003, when China last adjusted its state gold reserves figure.

The world gold market has been buzzing with talk about China buying gold for years as the country's foreign exchange reserves have rocketed, and speculation has picked up since the global economic crisis threatened to weaken the value of those reserves. Read the article HERE.

The Chinese are wise in this action. They need to lower their dollar reserves, so they are buying natural resources in South America and all over Africa. Now they have started adding to their gold holding. Is this a prelude to backing the Renminbi? Could be! Nevertheless, we must wonder how much longer they will continue to buy the US debt. By the way, the U. S. is to auction off $100 Billion with a B at the next auction. The Question is, "Will that amount be fully taken or will the rates have to be raised to encourage the sale? If the answer is affirmative either way, it will show, as it did in the UK offering, the world is less interested in buying our debt.

Gold and silver are holding, thus far, very well at higher levels than last week. Gold is 906 up 2.20 and silver is 12.80 down 0.02. Will gold be allowed to go to 1000 again soon? Without intervention, it should happen, but will the boyz tolerate such a lofty level for the price?

Our mining stocks are holding fairly well, too. Here they are DROOY 8.02; HL 2.24; HMY 9.68; SLW 7.94, and VGZ 2.35. If gold is allowed to float freely, any price below is 1000 is buy. But the intervention is the hooker in the mix. Of course, governments hate the precious metals, because they want the citizens dependent upon the FIAT, unbacked paper currencies over which the hold a monopoly.

From WorldNetDaily:

State threatens locals: Marry 'gays' – or else
Attorney general: 'We must live by and follow what the courts decide'

---

Posted: April 24, 2009
12:10 am Eastern

By Bob Unruh
© 2009 WorldNetDaily

Iowa Attorney General Tom Miller

Iowa Attorney General Tom Miller is warning the county recorders' offices in his state that workers must process "marriage" licenses for same-sex duos or face possible charges in a court of law.

"If necessary, we will explore legal actions to enforce and implement the court's ruling, working with the Iowa Dept. of Public Health and county attorneys," he warned on his website.

But an announcement today from a statewide pro-family organization and a public interest law firm with a reach that goes around the world means the issue of same-sex weddings eventually could end up back in court.Read it HERE.

And many wonder why God has brought the financial fiasco upon us. We have left His standards. God ordained marriage between a man and a woman. It was established in the Garden of Eden, as recorded in Genesis. Once again, we are seeing a play out of the fact that all is God's way or we have the current chaos. The discipline will get worse and worse until the Christians individually and the churches once again speak up to the state saying, "Thus, sayeth the Lord." The prophets of old were not hesitant to speak up to the kings of the day. The church can no longer be silent. It must demand adherence to God's word by the people and the rulers. It must serve as a counsellor to the state providing Godly advice and counsel.

From Mike Shedlock's Blog:

Fannie Freddie Delinquencies Soar (and they are going to get much worse)

On Tuesday, Fannie Mae and Freddie Mac reported Mortgage Delinquencies Rose 50% in a Month.

Fannie Mae and Freddie Mac mortgage delinquencies among the most creditworthy homeowners rose 50 percent in a month as borrowers said drops in income or too much debt caused them to fall behind, according to data from federal regulators.

The number of so-called prime borrowers at least 60 days behind on mortgages owned or guaranteed by the companies rose to 743,686 in January, from 497,131 in December, and is almost double the total for October, the Federal Housing Finance Agency said in a report to Congress today. Read it HERE.

The ARMs are very soon to be requiring resetting or complete pay out. This will be another problem with the easy credit loans for homes. Also, remember that commercial real estate is just beginning to be hit. We are not out of the credit dark woods yet.

From Yahoo Finance:

WSJ: BofA CEO says was told to be quiet on Merrill

WSJ: BofA CEO Lewis testifies to NY AG that Bernanke, Paulson wanted Merrill losses kept quiet

On Thursday April 23, 2009,

NEW YORK (AP) -- Bank of America Chief Executive Kenneth Lewis told the New York attorney general he believed former Treasury Secretary Henry Paulson and Fed Chairman Ben Bernanke wanted him to keep quiet about the worsening terms of the bank's acquisition of Merrill Lynch, according to testimony reviewed by The Wall Street Journal.

The New York AG's office plans to release the testimony on Thursday to federal regulators and overseers of bailout funds and banks, the newspaper reported after reviewing a transcript. Read it HERE.

This reminds me of God's confrontation of Adam and Eve in the Garden of Eden after they had committed the original sin. Adam pointed toward the woman and Eve pointed toward the serpent rather than confess the sin. This deal between Paulson, Bernanke, and Lewis will be a finger pointing exercise to hide the blame. The Bank of America was legally required to disclose the plans for the acquisition of Merrill Lynch, but was very likely told by Paulson and Bernanke to keep it secret. Such a deal!

From Casey's Daily Resource Plus:

Most people still do not understand that the current crisis is not about saving capitalism; it’s about saving the welfare state-crony capitalist-fascist political economy in the US that can no longer pay its bills. - Bill King, the King Report

This hits at the heart of the matter. It is a bold attempt to save the state. We have not had a capitalistic free market for many decades. Our economy was forced by the welfare state to become totally dependent upon unbacked currency and easy credit. The time to pay the piper is rapidly approaching. It is extremely important for each of us to batten down our financial hatches by getting out of debt and reducing spending.

If you have not gotten your free down load of Doug Phillips speech at the Alamo Tea Party, I urge you to do so HERE. This is a very stirring and encouraging speech which is based upon the word of God which we all need.

Best to each, Doug

God's World & Life View - Metals Sprinting Upward

Folks,

It is important to understand that all governments are ordained by God and put into place to serve His purposes. Often, in history, we find that nations who turn from Him are put into captivity or other calamidy. This is part of God's discipline to drive the nation to their knees in repentence and to have them turn back to Him.

Today, America has become a pagan nation which seems to be deliberately seeking to become a "third world" nation. Of course, this is one of the unexpected consequences of attempted solution. Our government is attempting to solve the credit crisis by the same means which created and perpetuated it. This, too, could be a form of judgment of God.

Since WWII, we have been on a spending binge as we have "enjoyed" defrauding international suppliers of goods and servces as a benefit of being able to inflate the supply of the unbacked paper reserve currency of the world. This is to change in the near future.

China has stated that it is concerned about the debasing and inflation of the number of dollars in the world. China has opened trading with its Asian neighbors in their currency: Renminbi. In view of these actions, do you believe that they will stop pushing before the dollar is replaced? I think not.

Russia has joined in rhetoric against the dollar, as well. Others will soon be joining the chorus. As this resentment grows, the dollar will be replaced. Certainly, China has sufficient dollars to send the dollar to its final resting place in oblivian by unloading them into the market.

It is using dollars to secure "permanent" supply of raw materials. Africa has benefitted from China's world wide expansion. The dollars are also being used to build China's military with special emphasis upon modern submarines. Recall, if you will that submarines are not vacation cruise ships. Rather, they are designed to disrupt ocean shipping and many have missle capability which can be delivered stealthly from beneath the waters.

All of this may be God's plan to surplant the dominant role which America has chosen as policemen of the world. Our means to maintain the dominant position was based upon our having the reserve currency of the world. This will end sooner than most believe. As Richard Russell has said, "As goes the dollar, so goes America.

However, all is not lost, because we have a God Who is in total control of all. He is working out His will. He is calling us to repentence and back to His way. He wants each of His people to have a total world and life view which is in total concert with His word. For us to do this, He must be the center of all of our thoughts and actions.

Every thought must be captive to His word. We must carefully weigh each and every action to insure that it is glorifying to God and working toward the furturence of His Kingdom. Then we will be privileged to live the abundant life to which we are called. That is not to say that we will not have challenges and "hard times," but we are privileged to have His promise that He is with us always and that He is working all things for our eventual good.

Take this seriously, because it is more important than anything else in life.

Both silver and gold are up very strongly today and it is the day of expiration of contracts. Perhaps, the boyz are letting the shorts expire. We will see as the day moves on. There are still dire shortages in the physical metals. Once again, the curves on both metals are virtually identical. Interesting, eh?

Our mining stocks are up, as well. Here they are >> DROOY 7.35; HL 2.17; HMY 9.24; SLW 7.74, and VGZ 2.30. By the way, the silver miners are doing quite well these days. Here are a few CDE 1.15; PAAS 16.90; SLW 7.74, and SSRI 16.38. With VGZ at 2.30, I am putting trailing stops on some of my holding. Too much profit to allow it to slip by.

From MarketWatch.com:

Gold, silver rise after U.S. jobs data; copper falls

By Moming Zhou, MarketWatch

Last update: 9:21 a.m. EDT April 23, 2009

NEW YORK (MarketWatch) -- Gold and silver futures rose Thursday after data showed a big increase in claims for U.S. unemployment benefits, raising economic worries and increasing the precious metals' value as a safe asset. Copper fell for a fourth session.

Gold for June delivery gained 80 cents, or 0.1%, to $893.30 an ounce, while May silver gained 10 cents, or 0.8%, to $12.405 an ounce. May copper lost 1 cent, or 0.5%, to $2.049 a pound. Read it HERE.

From ResourceInvestor.com:

Gold, silver climb in N.Y. as IMF forecasts recession to deepen

By Bloomberg
22 Apr 2009 at 09:37 PM GMT-04:00

Demand for gold and silver jumped after the International Monetary Fund projected the global economy to contract this year.

April 22 (Bloomberg) -- Gold and silver advanced on rising demand for a store of value after the International Monetary Fund projected the global economy to contract this year.

The IMF forecast a 1.3 percent decline in the world economy, compared with a 0.5 percent expansion estimated in January, and said growth will be slower next year than previously expected. Some investors buy precious metals as a safe harbor in times of economic turmoil.

“What is supporting gold is the continued uncertainty in the global economy,” John Gross, the president of J-E Gross & Co., a metals-industry consulting company in Cranston, Rhode Island, said in an e-mailed comment. “We are in the midst of a ‘sea change’ where gold is the safe haven for investors.” Read it HERE.

From Telegraph UK:

Gold price could hit $1,500

The aggressive monetary policy of central banks around the world is playing havoc with the structure of the bullion market, creating a chronic shortage of gold that may soon push the metal to fresh records above $1,500 an ounce.

By Ambrose Evans-Pritchard
Last Updated: 12:11PM BST 20 Apr 2009

Charles Gibson, a gold expert at Edison Investment Research, argues in a new report that negative real interest rates (below inflation) in the US and beyond has upset the "leasing" machinery in the gold industry and led to a sustained market squeeze.

This is what occurred in the late 1970s, driving gold prices to $850 and ounce – roughly $1,560 in today's terms. Gold finished last week at $870. Read it HERE.

From BBC Business:

'Deeper' recession ahead says IMF

By Steve Schifferes Economics reporter, BBC News

The global economy is set to decline by 1.3% in 2009, in the first global recession since World War II, the International Monetary Fund (IMF) says. Read it HERE.

From Gary North:

Why Gold Owners Are Targets of the Government

Gary North

If you own gold, you are in a war. You are under assault. You had better figure this out early.

There is a full-scale war against you. The politicians and central bankers who are conducting this war against you are determined to see that you lose money on your investment.

I have written a detailed report on this: The Gold Wars." You can download it free of charge HERE.

The reason why you are under assault is because you have demonstrated by your purchase of gold or a gold-related investment that you do not trust the monetary policies of your nation's central bank. If you are an American, this means you do not trust the monetary policies of the Federal Reserve System. You have taken a step that confirms your lack of trust in the government and its central bank. If you think the government and the central bank will sit quietly, while millions of citizens buy gold as a way to hedge against government and central bank policies, you are terminally naive. Read the entire article HERE.

Here is a quote reported in Casey's Daily Resource Plus: "The money power denounces, as public enemies, all who question its methods or throw light upon its crimes. - William Jennings Bryan"

Folks, this is a very important concept of which you must be aware. Gary points it out very clearly. It is one of those things of President Bush's statements to the world, "If you are not with us, you are against us." That is a very arrogant statement which mimics the statement of King Jesus that no man can serve two masters. In the case of gold, it means if you do not totally support the government's unbacked paper currency, you are against the government.

Let us purpose to live our lives to the glory of God as He has commanded. We are to take dominion, under Him, of all of His creation.

Best, Doug