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

Let's Pray for National Revival

Both silver and gold have been hit again, but it does not seem they are hammered as severely as in the past. Both are following similar patterns over time.


Gold is at 886.50 up 1.70 and silver is 12.07 down 0.03. Gold is on an up tick and silver on a down tick. The DOW is down 21+ to 7820+. Our mining stocks are, as follows: DROOY 7.25; HL 2.06; HMY 8.58, and VGZ 2.17. I was stopped out on a portion of my portfolio holding of HL and VGZ. We are reaching the time, when many folks say, "Sell in May and go away!" Will that be wise this year? I do not know, but I am keeping some trailing stops on a portion of my mining stocks.

It does look like the market is getting ready to tell us that we are at or near the end of a bear rally in the general market. However, we cannot completely rule out that it could be a change to a bull market. But I lean strongly toward the bear rally and see it ending now or very soon.

The markets are always a challenge, but recent times have little precedence as the world deficit spending, FIAT currency generation, and government intervention seem to be a astronomical levels never before seen. Free markets are far more easily handled.

For too many decades, we have been using an unbacked paper currency which gives a false picture of increasing economic measures. The economy never is actually growing, but since the currencies have lower purchasing power, prices increase and distort the Growth National Product and all other indicators. The apparent growth is nothing more than the reflection of depreciated currency.

America has since WWII enjoyed the "privilege" of having the reserve currency of the world. While other nations have had to exchange their local currency for dollars for international trade, all we had to do was print more dollars to fleece the world of its products and services. This theft is a violation of God's Commandment, "Thou shall not steal." It really is theft, because we traded worthless paper for actual products and services.

Nations as individuals are ruled by the Sovereign God of all. National sins encourage individual sins. At some point in time, God will shower His wrath upon all sinners. This is a call to repentance and a return to Him. His call is upon the whole world. Will we turn back to Him before our nation is completely destroyed? That is my prayer and should be yours, as well.

However, we must remember that it is up to each of us to humble ourselves before Him, seek His forgiveness and live in accordance with His word. Would that our national leaders would repent and call our nation to repentance. Were that to happen, perhaps, the Lord would not continue our destruction. Let us pray to that end.

From TownHall.com:

Tuesday, April 21, 2009

Are You an "Extremist"?

by Thomas Sowell

While the rest of us may be worried about violent Mexican drug gangs on our border, or about terrorists who are going to be released from Guantanimo, the Director of Homeland Security is worried about "right-wing extremists."

Just who are these right-wing extremists?

According to an official document of the U.S. Department of Homeland Security, right-wing extremists include "groups and individuals that are dedicated to a single issue, such as opposition to abortion or immigration." It also includes those "rejecting federal authority in favor of state or local authority." Read it HERE.

The definition of right wing extremists is so broad as to include all who make any peaceful stand against any action of the Federal Government. It applies to those who would call the government to honor the Constitution which every elected individual has sworn to uphold. In other words, as G. W. Bush said, "If you are not for us, you are against us." Now this is coming to fruition in spades. The plan seems to be to silence all opposition whether peaceful or not. It is an attempt to gag all descent. This is most certainly unconstitutional.

From MineWeb.com:

Coming inflation good for commodities

The likelihood of inflation resulting from the huge amount of money being injected into the economy by governments will be very positive for commodities.

Author: Evan Smith and Brian Hicks
Posted: Tuesday , 21 Apr 2009

SAN ANTONIO, Global Resources Fund (PSPFX) -

Higher inflation is coming. It's impossible to predict exactly when it will arrive, but the trillions of dollars worth of new money injected into the global financial system make it inevitable.

The prospect of inflation will likely be one of the key drivers for the energy and commodities sectors over the medium term. Inflation will eat away at the dollar and other paper currencies, raising the value of tangible assets as a hedge. In this way, commodities are similar to gold. Read it HERE.

This will show up in the not too distant future. The presses and computers have been spewing out a continuous stream of paper and blips to flood the world with FIAT currencies. They have to go somewhere other than the growing bubble of Treasury debt instruments.

From TownHall.com:

Tuesday, April 21, 2009

The Apologists

by Pat Buchanan

For 50 minutes, Obama sat mute, as a Marxist thug from Nicaragua delivered his diatribe, charging America with a century of terrorist aggression in Central America.

After Daniel Ortega finished spitting in our face, accusing us of inhumanity toward Fidel Castro's Cuba, Obama was asked his thoughts.

"I thought it was 50 minutes long. That's what I thought."

Hillary Clinton was asked to comment: "I thought the cultural performance was fascinating," she cooed.

Pressed again on Ortega's vitriol, Hillary replied: "To have those first-class Caribbean entertainers all on one stage and to see how much was done in such a small amount of space. I was overwhelmed." Read it HERE.

Such actions as this really make us very proud of our leaders, do they not? America has not always done the right thing internationally, but we have done some good and should not have to tolerate a tirade of a despot.

From Bloomberg.com:

Volcker Says Fed’s Authority Probably to Be Reviewed

By Timothy R. Homan

April 18 (Bloomberg) -- Former Federal Reserve Chairman Paul Volcker said Congress will probably review the authority granted to the Fed following emergency credit programs doubling the central bank’s balance sheet to $2.19 trillion.

“I don’t think the political system will tolerate the degree of activity that the Federal Reserve, in conjunction with the Treasury, has taken,” Volcker, head of President Barack Obama’s Economic Recovery Advisory Board, said today at a conference at Vanderbilt University in Nashville, Tennessee. Read it HERE.

The Federal Reserve (privately owned by member banks) has grabbed too much power. That is difficult to deny when judged by the word of God. It is undeniable to sound rational thought, as well.

From TheDailyBell.com:

Issue 260 • Sunday, April 19, 2009

Scott Smith interviews an anonymous private banker who reveals the inner workings of the Swiss banking industry and the pressures it faces today

David Rogers/Getty Images

Introduction: The editors of the Daily Bell are pleased to present this exclusive interview conducted by Scott Smith with Banker X, a well-respected financial observer. Banker X provides us with this interview anonymously so that he can speak frankly about the inner workings of the Swiss financial system. As someone who has held high posts in both the private and public banking fields throughout several decades, Banker X is in a great position to compare and contrast several kinds of Swiss banking models through several eras. We are certain our readership will find his comments enlightening and certainly food for thought. Read it HERE.

Casey's Daily Research Plus points out this article as one to read to learn about Swiss Banking. It answers most questions that people have.

Let's commit to pray for a national revival in These United States, and pray that God will revive us in time.

Best to each, Doug

Tea Party Success - Precious metals on the way up!

This Tea Parties expressed concern of citizens over the bad symptoms of our present economic problems.

From TownHall.com:

Monday, April 20, 2009

Tea Parties: What's Next?

by Sabrina L. Schaeffer

The country witnessed a level of political engagement last week that we haven’t seen in decades. Thousands of Americans turned out in cities across the country to demonstrate their frustration and dissatisfaction with the current tax and spend policies of both political parties.

The estimated 2000 tea parties that blanketed the nation on Tax Day were more than a protest of the $180 billion economic stimulus package passed last spring. They were more than a response to the $345 billion housing bailout passed last summer. And they were more than a reaction to the reckless $787 billion “Recovery and Reinvestment Plan” Congress rushed through and President Obama signed this past winter. Read the article HERE.

I know that each of us is against the excesses in taxation and spending on the part of all our governments. So statements, such as this, are bound to grow. Perhaps, this is what is feared by the Federal Government as they have published the Homeland Security message on labeling conservative, law-abiding citizens as potential enemies of the state.

I would suggest two actions that Christians should take. 1. We should be praying that protests will remain peaceful. 2. We should heed God's promise to us in 2 Chronicles 7:14, as follows: "If my people, which are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear from heaven, and will forgive their sin, and will heal their land." We, as sons and daughters of the Sovereign God must shoulder the responsibility of restoring our nation by heeding this promise of our God.

The second suggestion ignores the symptom of excess taxation and reaches to the heart of America's problem. We, as a nation have turned from the God Who through His providential care created our nation. He not only created it, but sustained it and blessed it for many decades. However, as we turned from Him to the state as our messiah, He has taken away the blessings and is disciplining us as He disciplined the Israelite nation in Old Testament times. His goal is to bring us to repentance that we may be restored to Him as the prodigal son in the parable of Christ.

Both silver and gold are up early today. Silver is showing a moderate slow climb, but gold, below, has sprinted forward.
Gold is 884.10 up 15.40 and silver 12.14 up 0.25. Both are on up ticks. Here are our miners: DROOY 7.16; HL 2.13; HMY 8.65, and VGZ 2.11. The DOW is down 227 at 7904.49. Thus, we see that the general market is once again demonstrating the bear trend. Whereas, the precious metals, though slammed last week, are rebounding. I imagine they will be slammed again, but the manner in which they spring back indicates that without the intervention, they would be much higher. That day will come and we will have to be patient longer.

DROOY and Harmony are in good buying ranges, but there is apparently some more labor unrest in South Africa with unions demanding 15% increase in pay and benefits. Labor unions are another form of intervention with which we could do without very nicely. Labor unions tend to raise the cost of production of all industries in which they are action. The cost is most often passed on to consumers. We should long for the return of free markets throughout the world.

From Telegraph UK:

Gold: Traders remain bullish as hedge fund managers buy gold futures

Gold is set climb this week on speculation the decline in prices may boost demand from jewellers and other buyers of the physical metal, say analysts

Gold is expected to climb this week on speculation the decline in prices may boost demand from jewellers and other buyers of the physical metal. Fourteen of 34, or 41 percent, of traders, investors and analysts surveyed by Bloomberg News said gold would advance this week. Eleven of them forecast lower prices and nine were neutral. Read the article & view the video HERE.

From Emirates Business:
Jewellery demand ticks up as gold prices decline

By

Reuters on Monday, April 20, 2009

Gold edged higher in Europe on Monday, with physical buyers such as jewellers hunting bargains after last week's price decline. A firmer dollar kept a lid on gains, however.

A second consecutive daily decline in holdings of the world's largest gold-backed exchange-traded fund, New York's SPDR Gold Trust, has also raised fears investors are selling the metal to buy back into other assets such as stocks. Read the article HERE.

From The Daily Pfennig:

"OK... A bad day a the office for the euro and other currencies on Friday, and then last night in the overnight markets... European Central Bank (ECB) President, Trichet, once again deep-sixed the euro with talk of further rate cuts. He did attempt to water down the message by saying that "any rate cuts would be measured 25 BPS cuts" Memo to Trichet... It doesn't matter what the size of the debasing is, as long as you are going to debase your currency, the markets will make you pay for it!"

Once again, the rhetoric from ECB to lower the perceived value of the Euro. This gave the dollar another temporary boost. Were the ECB to lower interest rates again, the world's central banks are likely to follow suit to "save" their individual economies. However, many, including the US, are already as low as they can go.

From MineWeb.com:

Gold and silver crucial for cash preservation - The calm before the storm

SilverStrategies.com editor Sean Rakhimov expects the economic crisis may go on for a generation even with (or because of) all the government intervention. Interview with the Gold Report.

Author: The Gold Report
Posted: Saturday , 18 Apr 2009

VANCOUVER, BC -

The Gold Report: Sean, when we last spoke, in December, there was more anxiety about the state of the market, particularly as far as determining the bottom. What's your view now that we've actually had some decent financial indicators come out in the last week or so?

Sean Rakhimov: I take a much longer-term view and, basically, the way certain things - like metal prices or market bottoms - are going to react is going to depend largely on what happens elsewhere, mostly with the government. The things we're trying to analyze are not masters of their own domains, so to speak. I think a lot of this money printing that has been taking place is starting to filter into prices and it's showing in metal prices, it's showing in grocery prices, it's showing in all kinds of prices. Read it HERE.

Let us get serious about repenting before the Sovereign God and turning back to His ways in response to His discipline of our nation. Because, He disciplines and calls us back to Himself is evidence of the great love He has for His people. Go before Him daily in prayer, study His word faithfully, and live your life for Him. This is life! Not to do so is death.

Best, Doug

God's Blesses or Curses - Our Awesome Choice

The blessings and curses of God are crystal clear to all in America if each of us will simply study our early history and examine the moral decay of today. We are under the wrath of God, because of our turning away from Him. I will have more to say on this, below. I believe it is important for us to realize how our Covenantal God works with His people and unbelievers as well. God's Law is for every person and every nation, regardless of their acceptance or rejection, thereof.

Over night our precious metals have moved lower and then shortly after the NY opening, gold, particularly, was slammed again. The boyz are have large short positions in both metals and maybe working to lower the prices to increase their profit as the value of the shorts increase. It is a clear manipulation of the market. Thus, we have no free market in the metals. Also, impacting on the lower metal prices in the stronger dollar. The dollar has no real underpinning, but is often buoyed up by rhetoric. The following is insight on specific statements from Europe provided by The Daily Pfennig:

"Recall, yesterday I told you how European Central Bank (ECB) minister Axel Weber, confused the markets with a statement that left the markets scratching their collective heads. Well, this morning, ECB President Trichet, failed to calm the markets, and their fears of a split in the governing body of the ECB is weighing heavily on the euro. Trichet has got to get these split factions of the ECB together...

In one corner, we have Weber, who does NOT want to see interest rates fall below 1%, and does NOT want Quantitative Easing.

In another corner, we have the Greek contingent, that DO want to see deeper rate cuts, and Quantitative Easing if needed.

And then finally we have Austria's Nowotny, who agrees with Weber on the rate cuts, but believes that Quantitative Easing makes sense.

If Trichet can't get these factions to come together, then the euro is going to get bogged down in all this mess, for nothing will get done... Trichet tried to put on the "company face" and tell reporters in Tokyo this morning, that "we have a very united Governing Council"... But he must not have been convincing enough..."

It is amazing to me how the markets respond to rhetoric from politicians. Of course, we realize that such men would never speak to deceive the hearers, don't we? NOT!

From Gold World:

Born Into Debt

The Truth Surrounding America's Massive Financial Obligation

By Luke Burgess
Monday, April 6th, 2009

Michael Alton Davies was just born at Northwestern Memorial Hospital in downtown Chicago.

He weighs 7 pounds and 10 ounces. He is only minutes old. And yet, he is already saddled with a humongous debt.

Believe it or not, Michael was born into debt. . . and he owes almost $250,000!

His birth did not require special, expensive care. And he didn't inherit any debt from his parents or other family members.

No, there is actually nothing special at all about Michael's debt situation. He is not alone.

You see, young Michael — and every other citizen of the United States — will be responsible for paying the tab on a growing $70 trillion debt. Read the article HERE.

This reminds me of the student loans that college students take out to get a college education. (By the way, most is actually a college dis-education or indoctrination into socialism.) But on the debt, each will find them starting life with a huge debt. Most never pay the debt off in violation of God's warning that "The wicked borrow and pay not back." God's word speaks often against debt. For examples: "The rich (lender) rules over the poor (borrower)." "The borrower is servant to the lender."
"Owe no man anything, but to love one another."

I always advise against student loans, because the student, upon graduation is carrying a very heavy burden of debt as he starts out in life. God's way is to avoid debt in so far as the economy and fraudulent currencies will allow. I suggest that you commit to the Lord to get out of and stay out of debt, cut your spending as far as possible, and increase your income as opportunity is presented to you and your family. Be sure to return to the Lord His tenth of all increase and as we read in Malachi Chapter 3, He will send you showers of blessing. The blessings are not always financial, but there will be blessings from God. If you do not to honor Him by paying His tithe, do not expect blessings.

All of covenantal God's blessings for obedience bring with them curses for disobedience. Read Deuteronomy Chapter 28 for explicit blessings and curses. Our God honors His word and it does not return void. It will accomplish that for which He sends it out. The reality of the blessings of early America and today's curses upon her are examples of the truth of this chapter in the Bible.

Silver, as gold has been on a downward binge over night, but was not slammed as hard as gold in early NY trading. Sivler is 11.92 down 0.30 and gold is 866 down 8.30. Both are on down ticks. My trading miners are, as follows: DROOY 6.97; HL 2.14; HMY 8.42, and VGZ 1.98. HL remains the star performer. All the others are, certainly, within my buying range. However, I am finding it wise to sit aside patiently and wait to see where the correction will go this time around. The DOW is off 31+ to 8049 and change.

From UK The Telegraph:

A 'Copper Standard' for the world's currency system?

Hard money enthusiasts have long watched for signs that China is switching its foreign reserves from US Treasury bonds into gold bullion. They may have been eyeing the wrong metal.

By Ambrose Evans-Pritchard
Last Updated: 2:41PM BST 16 Apr 2009

China's State Reserves Bureau (SRB) has instead been buying copper and other industrial metals over recent months on a scale that appears to go beyond the usual rebuilding of stocks for commercial reasons.

Nobu Su, head of Taiwan's TMT group, which ships commodities to China, said Beijing is trying to extricate itself from dollar dependency as fast as it can.

"China has woken up. The West is a black hole with all this money being printed. The Chinese are buying raw materials because it is a much better way to use their $1.9 trillion of reserves. They get ten times the impact, and can cover their infrastructure for 50 years." Read it HERE.

It is apparent that China is running away from the dollar as the reserve currency. A run to copper and other industrial metals seems a good choice for them. Their manufacturing capability has grown, likely over grown, significantly over the last decade. In fact, it has been phenomenal. The mal-investment will take some time to work itself out, but remember that China holds oodles of dollars which it is spending for "things" to lower their reserves. I still believe that China could really move forward by backing the Renminbi with gold. They are perhaps the only nation in the world that could do it at the present time. A gold backed currency is in concert with the Word of God. The paper currencies are fraud according His word. The paper currencies are like the laws of man which are ever changing and gold backed currency is more like the laws of God which are eternally fixed.

From Bloomberg:
General Growth Files Biggest U.S. Property Bankruptcy (Update2)

By Daniel Taub and Brian Louis

April 16 (Bloomberg) -- General Growth Properties Inc. filed the biggest real estate bankruptcy in U.S. history after amassing $27 billion in debt during an acquisition spree that turned it into the second-largest shopping mall owner. Read it HERE.

Fore closers in America reached the highest level on record during March. Even with homes sales increasing, one has to wonder about the prices of the sales. Certainly, they were much lower. So, it is rational to believe that the lower prices resulted in the sales. The sellers likely took the losses. The hotels, malls, and shopping centers are in trouble. Investment companies which have huge investments in them have been suffering, but have begun to show improvement. There are a few, as follows: HOT, IHG, SPG, GGP (article, above), TCO, and DDR. One wonders whether to short them or buy puts on them, but the prices on most have increased recently. I still wonder if the commercial real estate is yet to be hit as hard as the residential real estate. The situation in the fore closers certainly does not speak for a strong dollar.

From The Financial Times:

Is America the new Russia?

By Martin Wolf

Published: April 14 2009 21:47 | Last updated: April 14 2009 21:47

Is the US Russia? The question seems provocative, if not outrageous. Yet the person asking it is Simon Johnson, former chief economist at the International Monetary Fund and a professor at the Sloan School of Management at the Massachusetts Institute of Technology. In an article in the May issue of the Atlantic Monthly, Prof Johnson compares the hold of the “financial oligarchy” over US policy with that of business elites in emerging countries. Do such comparisons make sense? The answer is Yes, but only up to a point.

“In its depth and suddenness,” argues Prof Johnson, “the US economic and financial crisis is shockingly reminiscent of moments we have recently seen in emerging markets.” The similarity is evident: large inflows of foreign capital; torrid credit growth; excessive leverage; bubbles in asset prices, particularly property; and, finally, asset-price collapses and financial catastrophe. Read it HERE.

Could be. We will see as time marches onward. Gold is 868.20 and silver 11.98, as I close.

Best to each, Doug

Stocks & Metals - Providence of God

Below is a 1 month graph of HL, our star trading stock. It has outperformed the others on our list. Since about March 23rd, it was in a trading range of about 1.90 to 2.20. Then on April 13th, it broke out upward to 2.35 and has been trading upward above 2.40. Any correction to about 2.00, I would be a buyer. As always, I would buy in smaller quantities 500-1000 shares at a time if I need more in my portfolio. As always, consider the condition of your portfolio, available cash, and your risk tolerance to make your own decision on buying.

Below is the spot silver graph revealing another big intervention by the deep pocketed boyz. Silver has really taken it on the chin today after a lack luster yesterday. It is now 12.26 down 0.50 on a down tick. Probably will go lower until the demand picks up.


Below is a 1 month graph of VGZ. Since about the 25th of March, it has been in a narrow trading range of about 2.00 to 2.17. The last few days it has been as low as about 2.00, but has had a high about 2.14. The MACD curve is almost neutral which portends to the possibility of a lower price in the near future. It may move into a buying range below 2:00. I like to buy VGZ at about 1.90 or less. Should this correction go to there or lower, I would be a buyer.

Gold, as silver was hammered by the boyz today at precisely the same time. Wow, are they obvious in the manipulation of the precious metals. It looks as though they would be more stealth in their actions, but then who will chastise them? Right, nobody! Gold was in a free fall as the NY market opened. It is now 878.50 down 12.20 on a down tick.

Here is a 1 month graph on the miners. There has been quite a drop this month and today, they are down again. These seems to be some (weak) resistance at the 50 day moving average. It would be good for it to hold and we will wait to see. The downward move of the black MACD curve in the section of the graph gives a hint of an upward movement.


From James Turk's Commentary on Kitco.com:

Don't 'Invest' in Gold - Save It

Apr 14 2009 10:31AM

An old Chinese saying declares that wisdom begins by calling things by their right name. Truer words could not be spoken about gold. If you call gold by the wrong name, you begin down the wrong road, which is a serious handicap. It can easily prevent you from understanding why you should own gold as well as how to determine its value. The point is that gold is not an investment; it is money. Read the article HERE.

I have always said that the precious metals are a media for preserving wealth. On the other hand, the mining stocks are an investment which will pay off handsomely when the final gold rust comes as the masses have a great urgent craving for the metals as happened in 1979-1980. I believe it will happen again, but we have to be very patient. Events happen in the providential timing of the Sovereign God of all. That is not necessarily in our timing, but we rest in the fact that His timing and self-created events are best, particularly, for His people in the long run.

From National Public Radio:

'Green Revolution' Trapping India's Farmers In Debt

April 14, 2009 · As the world's population surges, the international community faces a pressing problem: How will it feed everybody?

Until recently, people thought India had an answer.

Farmers in the state of Punjab abandoned traditional farming methods in the 1960s and 1970s as part of the national program called the "Green Revolution," backed by advisers from the U.S. and other countries. Read it and view the video HERE.

From The Independent:

"1,500 farmers commit mass suicide in India";

1,500 farmers commit mass suicide in India

15 April, 2009

Over 1,500 farmers in an Indian state committed suicide after being driven to debt by crop failure, it was reported today.

The agricultural state of Chattisgarh was hit by falling water levels.

"The water level has gone down below 250 feet here. It used to be at 40 feet a few years ago," Shatrughan Sahu, a villager in one of the districts, told Down To Earth magazine

"Most of the farmers here are indebted and only God can save the ones who do not have a bore well."

Mr Sahu lives in a district that recorded 206 farmer suicides last year. Police records for the district add that many deaths occur due to debt and economic distress.

In another village nearby, Beturam Sahu, who owned two acres of land was among those who committed suicide. His crop is yet to be harvested, but his son Lakhnu left to take up a job as a manual labourer. Read it HERE.

These last two articles reveal that there is a growing concern about the food supply. We should take this dire situation in India as a wake up call. We should be preparing our "victory gardens" as many did during WWII. However, we have much better guides today for organic gardening to produce better produce. Of course, during WWII, most gardens were "organic," because that is what most of us knew. While on this subject, try to obtain seeds and plants which are not hybrids, because the seeds from hybrids do not always produce the same plants. The natural seeds do reproduce the same plants in general. Raised gardens are good for areas where the soil is poor and they also help reduce the weeding chores.

The tea parties were held on tax day. There were many folks in attendance here in San Antonio where it was held on the Alamo grounds. The Alamo is an icon for freedom in Texas. We, also, appreciated the recent stand of our Governor Perry on demanding the Federal Government to obey the 10th Amendment to the Constitution of These United States. Let us pray that the Feds will take this to heart and lighten up on the incursions into the sphere of the states and individuals. God can cause this to happen and will if we, as a nation, will turn back to Him. Praise Him daily for His providential actions in the creation of this nation and preserving of it.

Best to each, Doug

Boyz Still Active - DOW Bear - Silver Strong - The Lord Strongest

First, I want to present to you our star performer of the last few days and weeks. Hecla Mining (HL) is doing very well. It climbed from about the middle of March and is up again. You can see the trading range of about 1.80 to 2.22. Now it has broken out of that. I lost a few shares at a nice profit yesterday when my percentage trailing stop was momentarily hit. By the way, I now use only day orders for trailing stops (rather good until canceled), because the boyz are generally actively pushing the prices down at NY opening each morning. As the prices are recovering from their hammering, I put in the trailing stop. That avoids a sale from the temporary action of the boyz the following morning. That I did yesterday and saved a good bit of profit when the stop was hit later in the day.
The action of silver in recent weeks has been to hold stronger or run faster than gold. This is true again today.
Gold was really hammered at the NY opening today. That is a repeat of yesterday's action. However, it seems to be recovering quite well. Gold is at 893.80 and silver 12.80 with both on up ticks. The rebounding of gold seems fairly substantial. The DOW is up about 3 to 7925 and seems to be moving upward now.
The miners are moving upward and having surpassed their 200 MA are approaching their 50 MA. That speaks well for them. Here are my traders: DROOY 7.06; HL 2.38; HMY 9.22, and VGZ 2.11. By the way SLW (Silver Wheaton Corp) has been strong and is 8.25 now. I bought DROOY below 7 this week and missed HMY below 9. Both have been a bit slower than HL & VGZ in recent days.
We are still trying to determine if the recent rally amounts to a change in the long term bear trend of the general market. It seems that we are in a bear rally, but the market will reveal the truth before too long. In the mean time, the long term trend of the dollar is down and the long term trend of precious metals and miners remains upward. I will still be buying on dips in the precious metals and miners and will be using some trailing stops (day trades) to protect profit in some, not all of the shares of each trading stock.

As always, we must trust in the Lord and His care for the results He gives us in every activity of life. After all, it is He who has created us and we are the sheep of His pasture. Thus, He knows our needs and concerns even before we perceive them. Knowing this, we can rest safely in His providential care and love. The covenantal people of His are always secure in the long run and He never chastises or tests us beyond what we are able to endure. Praise Him daily.

Gold is 890.20 and silver 12.76 as this is closed.

Best to each, Doug

Gold & Silver Up - Chaos Spreads

The star of our recent trading is Hecla Mines. Here is the graph. It is trading at 2.26 up 0.15 for the day. I have put in a 4% trailing stop on some, not all, of my HL. Hopefully it will not sell for many days, but I wanted to lock in a profit (the cost was 1.95), and get some cash for other trades.


Both gold and silver are up today. This is a day which will likely have rather light trading as some are still on the Easter vacation. Intervention would be easy with lighter trading and both metals are shaping what looks as though the prices have been capped. We will know in the next hour if the boyz have moved in yet. Meanwhile gold is up 15.20 to 894.40 and silver is up 0.39 to 12.72. Both are on up ticks.
Vista Gold has been a stable among our trading stocks. It is performing well today. My cost in it has been from 1.85 to 2.04. Both HL and VGZ have held up well during corrections. Silver has performed better this year than gold by about 3%. It is likely that silver will continue to out perform gold for the time being. It has a good bit of commercial uses and is secondarily a monetary metal. By the way, both Palladium and Platinum have outperformed our precious metals. This is mainly due, in my opinion, to the intervention into the gold and silver markets.

From TownHall:

Sunday, April 12, 2009

Racing Past the Constitution

by George Will

WASHINGTON -- Rampant redistribution of wealth by government is now the norm. So is this: It inflames government's natural rapaciousness and subverts the rule of law. This degeneration of governance is illustrated by the Illinois Legislature's transfer of income from some disfavored riverboat casinos to racetracks.

Illinois has nine licensed riverboat casinos and five horse-racing tracks. In 2006, supposedly to "address the negative impact that riverboat gaming has had" on Illinois horse racing, the Legislature -- racing interests made huge contributions to Gov. Rod Blagojevich -- mandated a transfer of 3 percent of the gross receipts of the four most profitable casinos, those in the Chicago area, to the state's horse-racing tracks. This levy, subsequently extended to run until 2011, will confiscate substantially more than $100 million.

What is to prevent legislators from taking revenues from Wal-Mart and giving them to local retailers? Or from chain drugstores to local pharmacies? Not the tattered remnant of the Constitution's takings clause. Read it HERE.

In most cases our elected officials and judges have moved so far beyond the rule of law upon which our nation was founded that there is very little opportunity for us to go back. The best bet is to stay out of courts whenever possible. It is a shame that the Law of God and the outworking of this into the Common Law upon which our nation was founded are no longer respected. We are in an era of man's law which is ever changing and anti-God. Truly, it is either God's Law or the chaos of today. There is no in between. We are either right or wrong.

From TownHall:

Sunday, April 12, 2009

Today, our backyards -- tomorrow, Washington

by Paul Jacob

Our ability to stop the federal government from spending us, our children, our grandchildren and our great grandchildren into poverty appears inadequate. For most of the last five decades, the federal boys have spent out of control.

Today? Only more so.

Even worse, this main course of debt and diminished economic freedom invariably comes with a side-helping of reduced political rights. Read it HERE.

The debt laid upon every man, woman, and child in These United States has been estimated to be $183,000. When are you going to pay yours off? Of course, the federal government will never pay theirs either. Governments either defraud by running the currency printing presses to produce currencies worth less than that which was borrowed or simply refuse to pay at all. God says, "The wicked borrow and do not repay." Thus, governments, as well as people are responsible for payment of just debts.

From TownHall:

Sunday, April 12, 2009

America’s Not a Christian Nation—and I’m a Fat Black Lesbian Who Hates Hunting

by Doug Giles

Last week Obama told the planet on his Dixie Chick America Sucks Euro-Tour that ol’ bigheaded America is not and has never been a Christian nation. I believe he said that right after he bowed and curtsied to the Saudi King and told the French that the US has been stuck-up meanies to their jealous and ungrateful Euro-socialist cousins. Damn you, Yankee doodle dandies.

America’s not a Christian nation? Well, it’s not a Hindu, Buddhist, Muslim (yet) or Tai Chi nation. I know Barack is auguring for the USA to become an Obamanation, but heretofore from what I’ve read regarding our founders’ beliefs and original intent for this experiment in self-government, this Republic has a massive intentional Judeo-Christian bent to it and not a religiously neutral one. Stevie Wonder can see that. Read it HERE.

Statements such as that can only be made by people who have been indoctrinated by the government schools in rewritten and politically modified history of our founding. While it is certainly true that America was never a 100% Christian nation, a great many of our founding fathers had a high regard and respect for the word of God. Over and over again George Washington and others acknowledged that without the providential blessing of God, we would never have had These United States of America. The Declaration of Independence clearly stated it and it was explicitly incorporated into the Constitution. The Constitution, also mentioned Common Law several times. Thus, the founding documents themselves testify to the fact that America was founded upon God's principles.

From Kitco.com:

Are we heading towards a gold bubble? BS Reporter / Mumbai April 12, 2009, A couple of reports in the American press revealed that more individuals are selling their broken and unwanted gold jewellery as the yellow metal’s price soared, while the recession blues refuse to go away. Back home, we have had a number of queries from investors considering whether or not to invest in gold via exchange-traded funds (ETFs).

Such queries are not surprising at a time when gold is selling near $900/ounce (six years ago it sold for around $325/ounce). Not to mention the leap to over $1,000 an ounce in February. But it is not as if investors are minutely tracking the gold price. It is the presence of Gold ETFs and gold stock funds that makes them all the more aware of the performance of gold.

As on April 2, 2009, Gold ETFs delivered a one-year return of 27.01 per cent as against the diversified equity fund category return of -36.76 per cent. Currently, gold ETFs lie at the top of the heap on just about every performance table other than 1-month: 3-month, 6-month and 1-year. So even if one does not track the precious metal, just looking at the performance of these funds gives you a clear indication of the price. The failure of gold ETFs in the 1-month returns was due to the recent correction of 7.16 per cent (Mar 20, 2009 – Apr 6, 2009). Read it HERE.

There will be a gold bubble which will be very great when the third wave of the Gold Rush gets moving. Be careful for what you wish. During the gold bubble, the prices of everything we need will escalate beyond belief. Watch for the day that the U.S. Dollar is no longer the reserve currency of the world. That is the day that we will move to a much lower standard of living. We have been living off of the debt that has been supported by other nations. We have been trading worthless dollars to them for real products. This is a form of fraud which is becoming more difficult to continue. Even now, there is less interest in the purchasing of our debt by foreigners.

In spite of all the bad news, we must rest in the fact that our God is in control and likely is bringing about the chaos we are experiencing to bring us to our knees in repentance and turning back to Him. As Scripture tells us, we either obey the Lord or He will discipline us. Often He must destroy a nation to bring the people to repentance. Let us turn back to Him, before we lose all.

Best to each, Doug

A Blessed Resurrection Day to One and All

Tomorrow we celebrate Resurrection Day! Of course, Christians all over the world celebrate Resurrection Day each and every Lord's Day. The fact that we worship on the first day of each week is due to the resurrection of our Lord Jesus Christ on the first day of the week. However, this particular day is set aside as a day for particular emphasis upon the resurrection of Christ.

Paul in writing to the church at Corinth stressed the importance of this event in 1 Corinthians 15:12-19, as follows: "Now Christ is preached, that he has been raised from the dead, how do some among you say that there is no resurrection of the dead? But if there is no resurrection of the dead , not even Christ has been raised; and if Christ has not been raised, then our preaching is in vain. Moreover, we are found as false witnesses of God, because we witnessed against God that He raised Christ, who He did not raise, if in fact the dead are not raised. For if the dead are not raised, not even Christ has been raised, and if Christ has not been raised, your faith i worthless, you are still in your sins. Then those also who have perished. If we have only hoped in Christ in this life, we are of all men most to be pitied."

Paul does not stop there, but continues in verses 20-22: "But now Christ has been raised from the dead, the first fruits of those who are asleep. For since by a man (Adam) came death, by a man (Christ) also came the resurrection of the dead. For as in Adam all die, so also in Christ all shall be made alive."

This is the blessing of the resurrection. So many places in Scripture, the death and resurrection of Jesus are prophesied. In John 2:19, Jesus was speaking of Himself, when He said, " Destroy this temple, and in three days I will raise it up."

The resurrection is the fulfillment of the promises of our Lord and proves Him to be the great I Am, as He claimed.

A major duty of upon each of us is to join in corporate worship with other members of the Covenant of God. What a joy it is to join in the worship of our Triune God! This we must not neglect.

From Politico:

Pentagon preps for economic warfare

By EAMON JAVERS | 4/9/09

The Pentagon sponsored a first-of-its-kind war game last month focused not on bullets and bombs — but on how hostile nations might seek to cripple the U.S. economy, a scenario made all the more real by the global financial crisis.

The two-day event near Ft. Meade, Maryland, had all the earmarks of a regular war game. Participants sat along a V-shaped set of desks beneath an enormous wall of video monitors displaying economic data, according to the accounts of three participants.

“It felt a little bit like Dr. Strangelove,” one person who was at the previously undisclosed exercise told POLITICO.

But instead of military brass plotting America’s defense, it was hedge-fund managers, professors and executives from at least one investment bank, UBS – all invited by the Pentagon to play out global scenarios that could shift the balance of power between the world’s leading economies. Read it HERE.

From The Times UK via GATA:

Gillian Tett: In uncertain times, all that glisters is a gold standard

Submitted by cpowell on Thu, 2009-04-09 14:53.

By Gillian Tett
Financial Times, London
Thursday, April 9, 2009

A few months ago, Terry Smith, head of Tullett Prebon, the interdealer broker, chaired a panel at the World Economic Forum meeting in Davos which was asked to produce one concrete recommendation to fix the global financial crisis.

The top pick? Not anything on toxic assets or fiscal spending. Instead, this gaggle of leading financiers called for a new reserve currency, akin to an old-style gold standard.

"Two-thirds of the world's assets are denominated in a fiat currency issued by a country whose authorities are taking policy actions which seem inevitably to lead to its debasement," explains Mr Smith, noting that "it seems ... the Chinese have now concluded that this is not acceptable."

Just a bit of pie-in-the-sky posturing of the sort that often occurs in high-altitude Davos? Perhaps. But Mr Smith is hardly a do-gooding, state-loving dreamer; on the contrary, Tullett Prebon is about as ruthlessly free-market as they come.

Moreover, these musings about a gold standard are currently cropping up in all manner of unlikely places. One savvy European property developer (who aggressively sold most of his holdings in early 2007) recently told me that he is now moving a growing proportion of his assets from government bonds into gold, even at today's elevated prices. Read it HERE.

From Grove City College:

Economic Stimulus 101: Reaganomics vs. Obamanomics
By Dr. Paul Kengor
April 07, 2009

President Obama says the economy is the worst since the Great Depression. Actually, it is the worst since the Reagan recession of 1982-83. Further, the 2009 market crash is not the worst since 1929 but since 1987—also on Ronald Reagan’s watch.

What did Reagan do—or, more importantly, didn’t do—in response to these “crises.” How was Ronald Reagan’s response different from what Barack Obama is doing?

Read the article HERE.

For each and every problem the man faces, there is a solution in the Bible. The solution is not always explicitly named in Scripture, but the principles upon which the solution must be based are well defined for us. However, that means that we must so make the Bible a central part of our lives, that we will know which principle to apply in each situation. We must pray that our leaders will study and apply the Biblical solutions rather than the man made solutions which are the original cause of the situation we now face in the financial realm.

Best to each, Doug

Declaration of Independence Killed, but God Rules

Folks,

Let's examine the bad news first. The following two articles reveal either naivety or ignorance. I would like to believe the latter, but continue to wonder. We must pray that the Lord will open the eyes of our leadership to His word.

In Romans 13:1-4, are found the following: "Let everyone be in subjection to the governing authorities, for there is no authority except from God, and those which exist are established by God. Therefore he who resists authority has opposed the ordinance of God; and they who have opposed will receive condemnation upon themselves, for rulers are not a cause of fear for good behavior, but for evil. Do you want to have not fear of authority? Do what is good, and you will have praise from the same; for it is a minister of God to you for good, but if you do what is evil, be afraid; for it does not bear the sword from nothing; for it is a minister of God, and avenger who brings wrath upon the one who practices evil."

Thus, we see that God places people in the position of authority and expects them to be a blessing to the people who do good and to restrain and/or punish those who do evil. The only true definitions of good and evil are found in the written Word of God: the Old and New Testaments of the Bible. The leaders and the citizens must understand this.

America will survive and prosper only as the Word of God remains THE SOURCE of law for our nation and our people. Let us pray that this will, once again, be the foundation for all actions within our nation and will guide our interaction with other nations of the world.

The bad news follows:

From WorldNetDaily.com:

FROM JEROME CORSI'S RED ALERT

Obama's G20 plan kisses off Declaration of Independence
New international board to intervene in decisions about U.S. companies

---

Posted: April 08, 2009
8:32 pm Eastern

© 2009 WorldNetDaily

At the G20 meeting in London, President Obama agreed to create of an international board with authority to intervene in U.S. corporations by dictating executive compensation and approving or disapproving business management decisions, Jerome Corsi's Red Alert reports. Read it HERE.

Dick Morris on UTube: More on the abrogation of the Declaration of Independence is HERE.

From TownHall.com:

Thursday, April 09, 2009
The Meaning of Words
by Cal Thomas

"Words must mean something," President Obama said in Prague last week in response to North Korea's missile launch. He was speaking about the numerous resolutions and condemnations of North Korea's actions over the years by the United Nations and others. It is a standard the president should apply not only to North Korea, but also to the Middle East and the Muslim world.

In a speech to Turkey's Parliament, the president said, "The United States is not, and never will be at war with Islam." It was a noble sentiment. Such a unilateral declaration may sooth many in the West, but there is a central question that comes from Mr. Obama's declaration of conscientious objection: What if Islamic extremism is at war with America, Europe and Israel and everyone who stands in the way of its attempt at supremacy in religion and politics? Read it HERE.

The following article should awaken many to the need for respect and enforcement of the God given right of self-defense which is expressed in the Second Amendment of the Constitution. The United Nations is on a tear around the world supporting the registration and confiscation of weapons in the hands of citizens. This is a violation of God's word and our Constitution.

From TownHall.com:

Wednesday, April 08, 2009

Let's All Surrender Our Weapons -- You First!

by Ann Coulter

The rash of recent shooting incidents has led people who wouldn't know an AK-47 from a paintball gun to issue demands for more restrictions on guns. To be sure, it's hard to find any factor in these shootings that could be responsible -- other than the gun. Read it HERE.

China is serious about using the Renminbi for international trade, see this from China Daily:

Yuan trade settlement to start in five Chinese cities
By Wang Xu (China Daily) Updated: 2009-04-09 07:37

Five major trading cities have got the nod from the central government to use the yuan in overseas trade settlement - seen as one more step in China's recent moves to expand the use of its currency globally.

Shanghai and four cities in the Pearl River Delta - Guangzhou, Shenzhen, Dongguan and Zhuhai - have been designated for the purpose, said a State Council meeting chaired by Premier Wen Jiabao yesterday. The Pearl River Delta boasts the country's largest cluster of export-oriented manufacturing operations. Read it HERE.

China is intent upon surpassing These United States as the world power. They are using their surplus of trade and dollar reserves as big sticks to accomplish this goal. Were they to back the Renminbi with gold, that would tip the scales in their direction. Thus, the Renminbi would become the preferred currency for the world. Could this be their goal?


Both silver and gold are languishing this week. We should be thankful for a three-day week end with closed markets. As you, who have been following these writings for some time, investment in the precious metals and mining stocks takes commitment and a good deal of patience. It is at these times where patience comes in handy. We learn to be still and know that God is in control and working all things for the eventual good of His people.

Currently, gold is 878.80 and silver 12.23. Both are on down ticks. The mining stocks are suffering a bit, too. DROOY is 6.995; HL 2.11; HMY 9.27, and VGZ 2.06. Both DROOY and HMY are in good buying ranges. However, I am content to sit on the sidelines and wait. Of course, I have a good stock of all four in my portfolio. You decide for yourself based upon your portfolio, cash, and risk tolerance. We will likely in the not too distant future look back on this as a missed opportunity.
By the way, the DOW is up some 180 now. I believe this is more of the bear market rally, but the market will reveal the truth or fallacy of this opinion in the future. Three-day trading holidays have a weird effect upon markets.

From MineWeb.com:

SCOTIAMOCATTA METAL MATTERS

Despite bullish developments, gold price hasn't found upward momentum yet

In their recently published Metal Matters, ScotiaMocatta analysts advised PGMs have outperformed gold, investor interest remains strong, and some restocking is occurring. Silver seen in structural surplus and worries on platinum bear market rally.

Author: Dorothy Kosich
Posted: Thursday , 09 Apr 2009

RENO, NV -

While ScotiaMocatta remains bullish overall on gold, analysts advised they "would not be surprised to see a pullback first as some profit taking seems likely. Expect dips to be well supported.

"Given the extent of the ETF buying and the Fed's embracement of quantitative easing, we are surprised prices did not rechallenge the February peak again. The fact they have not done so, raises a warning flag that perhaps the rally has run its course, at least for a while," ScotiaMocatta said. Read it HERE.

From MarketWatch.com:

Gold falls, poised for third weekly loss on optimism

By Moming Zhou, MarketWatch

NEW YORK (MarketWatch) -- Gold futures fell Thursday ahead of the three-day long weekend, heading for a third weekly loss as upbeat results from Wells Fargo & Co. boosted investor interest in stocks, reducing gold's appeal as a safe asset.

Gold for April delivery fell $6.60, or 0.8%, to $878.20 an ounce in North American electronic trading in morning trading. The front-month contract has lost about 2% so far this week. The more active June contract also fell Thursday, down 0.5% to $881.80 an ounce. Read it HERE.

Best to each, Doug

No Free Market - Fill Your Heart w/God's Word to Avoid Sin

Well, the boyz are at it again. Look closely at the green traces and compare it with the blue traces on each of the graphs. Does that not look suspicious? This is sufficient evidence of a planned attack on the prices of the precious metals. Both gold and silver have been slammed down again today. Some day this will end, but it is not to be as soon as we would like. The manipulators have very deep pockets and are not regulated for this activity which is illegal and certainly immoral.


Gold is 879.90 on a down tick and silver is even at 12.20. Look, below and the Miners. It seems that the 200 day moving average has become a point of some support. It has not been significantly breached yet. The boyz have the clout to break through it, I am sure.

From TownHall.com:

Wednesday, April 08, 2009

Townhall.com Columnist" style="border-width: 0px;">

Government Deception

by Walter E. Williams

Most Americans accept the continuing attack on tobacco companies and smokers, but how do they feel about the massive government deception? In 1998, 46 state attorneys general and major tobacco companies signed the Master Settlement Agreement. The major tobacco companies agreed, among other things, to give states $240 billion over 25 years to provide for smoking cessation programs and cover the health costs associated with using their product. In return state attorneys general promised tobacco companies that they wouldn't sue them and would use their lawmaking power to protect the major tobacco companies from competition from small tobacco companies. Of the $80 billion extorted so far, states have spent about 30 percent on health, not all tobacco-related, and less than 6 percent on smoking cessation programs. Instead, state legislatures spent the bulk of their tobacco money for items such as museum building, tax relief, rainy-day funds and other expenditures having nothing to do with tobacco or health. Read it HERE.

Can this be true? YES! It is an example of how we are deceived. Certainly, our government would never lie to the people. After all, it is a government of the people, by the people, and for the people. One must agree that the government statistics about the unemployment at about 8% is much more accurate after they massaged the figures that those of the Shadow Statistics estimate of 18+%. Really????????

More from TownHall.com:

Wednesday, April 08, 2009

Sowell :: Townhall.com Columnist" style="border-width: 0px;">

Mind-changing Books

by Thomas Sowell

From time to time, readers ask me what books have made the biggest difference in my life. I am not sure how to answer that question because the books that happened to set me off in a particular direction at a particular time may have no profound or valuable message for others-- and can even be books I no longer believe in today. Read it HERE.

From MineWeb.com:

Gold investment to prevail as financial crisis turns to inflationary fears - GFMS

Fiscal deficits are the looming threat - and they will be with us for too long. Gold "fits the bill perfectly" for cash-rich investors looking for a secure inflation hedge and last year's investment flows into gold could be dwarfed by this year's. The outlook for jewellery is much less encouraging.

Author: Rhona O'Connell
Posted: Tuesday , 07 Apr 2009

LONDON -

The 2009 Gold Survey from GFMS Ltd says that it is only a question of time before gold investment demand is again strong enough to overcome the "not inconsiderable" obstacles presented by the weakened jewellery market and record levels of scrap supply. Both of these have been driven by high and volatile gold prices compounded by the negative impact of the global economic downturn on consumer spending. The easing of the immediate crisis in the financial system takes some of the momentum out of safe haven gold buying but this will be superseded by increasing worries over inflationary pressures as a result of governments' and central banks' fiscal and monetary policies. Read it HERE.

Buy gold to protect whatever wealth you have accumulated. It will prevail long after the paper currencies have disappeared. The historical evidence for this is over whelming. The precious metals were reported as very widely used in biblical times. Read the bible and see how often exchanges were made in precious metals by weight. By the way, the bible speaks extensively about money and economics. As you read note the passages.

From MineWeb.com:

DOSE OF REALITY

Gold price starts to recover as market euphoria evaporates

After a few days of decline following the G20, the gold price has started to pick up again as safe haven investors look to probable gloomy general stock market figures ahead.

Author: Carole Vaporean
Posted: Wednesday , 08 Apr 2009

NEW YORK (Reuters) -

Gold prices rebounded on Tuesday as investors sought shelter from what is expected to be another gloomy season of corporate earnings, analysts said.

Gold also got a lift from a forecast from metals consultancy GFMS for prices to climb above $1,100 an ounce this year amid financial uncertainty around the globe.

Spot gold climbed to $880.90/882.50 a troy ounce by 4:50 p.m. EDT, against $868.80 late Monday in New York. Gold fell as low as $864.30 on Monday, its lowest point since January 23.

In New York, gold for June delivery closed $10.50, or 1.20 percent, higher at $883.30 an ounce on the COMEX division of the New York Mercantile Exchange.

Analysts said GFMS's positive price projections gave a healthy lift to gold, which had headed lower in early trading. Read it HERE.

The prices would be considerably higher now if the manipulation ceased. Gold should be in the range of 1500 to 2500 now based upon the depreciation of the dollar and other paper currencies. Nothing short of intervention would have it languishing in the 800-1000 range.

As every individual goes through life, he is faced the challenge of making decisions. He has been given by the Creator God a conscience. Since man is created in the image of God, he has been endowed with a perception of right and wrong or good and evil. Man is a master of rationalization. He can deaden his conscience over time, but exposure without critical analysis to make himself see evil or wrong as the normal.

He inherently knows that murder is wrong. Each of us know this in our heart. Did you ever wonder why? That is because there is a higher authority: the Sovereign God, who makes it so. However, men can rationalize away the evil of murder by seeing ways that murder can be made to be "good."

Actually, God, Himself, presents in Scripture that a man may have to kill another person to protect himself, his family, or his possessions. Also, in a Godly war, a soldier may have to kill an enemy soldier as part of his duty. These are not instances of murder, but of righteous killing.

The first murder was the slaying of Abel by his brother, Cain. This was due to jealousy or envy, because God had preferred Abel's sacrifice over that of Cain's. Abel gave his sacrifice of a lamb in obedience to God and Cain offered only grain when God required a blood sacrifice. Thus, Cain was wrong and committed the terrible sin of disobedience to God and then was envious of Abel. Cain made the decision to murder his brother. Man has been doing so ever since then.

Let us study Scripture and learn how to be obedient to God. This will strengthen our conscience and so fill our lives that we will not live in sin against our Heavenly Father.

Best to each, Doug

Challenging Markets - Wonderful Lord

The Lord is giving us challenges in the markets these days. Perhaps, he is telling us to just hold tight, be patient, and spend more time with Him and His word. Maybe it is time to just wait for the market to reveal what it is going to do.

I have to get back to that wonderful joy of finishing my income tax returns. This is a challenge for me and I often procrastinate in this task. The Lord has lessened my procrastination, but it still hangs on to me.

Have a great day today! This is the day the Lord has made and we will rejoice and be glad in it. As Paul exhorts us, "Rejoice and again I say, 'Rejoice!'"

From Casey's Daily Resource Plus: "Now that we know that they're serious...it's my guess that JPMorgan and HSBC USA are still not done to the downside as far as the gold price is concerned. I don't know how long they will take to get to whatever price they need to, to cover their huge short positions. Will it be death by a thousand cuts, and it drags on for months...or a couple of swift thrusts, and it's over by the end of this week? Hopefully the latter...and we'll find out soon enough."

Well the boyz are still at it and we are yet to see how far they will go to get their way. I often wonder why our faithful regulators do not label these action illegal and go after them. Then, I regain my senses and know that it is against the interest of the paper currency monopoly to let gold and silver free. That would give citizens their rightful freedom. Perish the thought!

In line with the quote from Casey's, above, take a look at the blue traces on the graphs of gold and silver, below. The blue traces are very suspiciously similar for both metals. The action took place at the time of the smaller markets where trading is in very low volume. Any trading has a greater impact upon the prices.


Both silver and gold are off their lows. Gold is at 878.70 up 10 and silver is at 12.23 up 0.12. This should be a bit better day for the metals. The miners are doing a bit better, too. Here are our trading stocks: DROOY 7.15; HL 2.07; HMY 9.40, and VGZ 2.09. Both HL and VGZ have been holding fairly strongly on these bad price days. The DOW is off some 117 presently.

From Times On Line:

April 5, 2009
New gold rush sweeps across America

GOLD FEVER is gripping America again with record numbers of people taking to the hills and streams of California and other states hoping to strike it rich.

Membership of the Gold Prospectors of America Association has risen 20% in the past year, said general manager Ken Rucker. Read it HERE.

Wonder if this will expand "North to Alaska" as in the movie with John Wayne.

From Telegraph UK:

Swiss slide into deflation signals the next chapter of this global crisis

Watch Switzerland closely. It is tipping into deflation, the first Western country to succumb to Japan's disease.

Swiss consumer prices fell 0.4pc in March (year-on-year). Swiss CPI will be minus 1pc at least by July, nearing the level where spending psychology changes. By the time you have a self-feeding spiral, it is too late.

"This is something that we must prevent at all costs. The current situation is extraordinarily serious," said Philipp Hildebrand, a governor of the Swiss National Bank. Read it HERE.

The Swiss have been mostly above the average in holding firmly. This may be changing. The Swiss Franc has always in the past held a good deal of value relative to other paper currencies. This is a real sad day according to the article.

From Asia Times OnLine:

Geithner's dirty little secret
By F William Engdahl

US Treasury Secretary Tim Geithner, in unveiling his long-awaited plan to put the US banking system back in order, has refused to tell the dirty little secret of the present financial crisis. By refusing to do so, he is trying to save de facto bankrupt US banks that threaten to bring the entire global system down in a new more devastating phase of wealth destruction. Read it HERE.

We should often wonder what secrets are being held back from the people. If you have not, you should get and read the book, 1984. It is a tale about the "Big Brother" government which is all intrusive into the lives of citizens. It is a quick read, but amazing how much we are experiencing today. According to 1984, there is more to come.

From MineWeb.com:

How Mark-to-Market helped slow the economy

Why bank compliance with the latest accounting standards helped precipitate the global banking crisis which in turn led to the crash in markets and in most metals prices.

Author: Frank Holmes*
Posted: Tuesday , 07 Apr 2009

SAN ANTONIO -

There's been a lot of discussion of how the FAS 157 mark-to-market accounting rule may have contributed to the current deep recession.

The charts below from Citi Research (using Federal Reserve data) make a pretty compelling case for the unforeseen damage caused by the strict application of FAS 157. We are among those who applaud the Financial Accounting Standards Board for taking action this week to add flexibility in how the mark-to-market rule is used going forward. Read it HERE.

Is everything smoke and mirrors these days? There is most certainly a great deal of deception.

More from MineWeb.com:

Unwarranted post G20 euphoria drives gold downwards, but perhaps not for long

The plethora of misleading positive spin coming out of the G20 has misled the investment community into believing the worst may be over, but there could be some more mega shocks yet to come.

Author: Lawrence Williams
Posted: Tuesday , 07 Apr 2009

LONDON -

When one looks behind the G20 spin, there would seem to be little substance for the euphoria which appears to have pushed markets up with the hope that the bottom has been reached and that now the only way is up! This total change in perception by investors has reduced the safe haven appeal of the precious metals and both gold and silver have been marked down over the past few trading days - gold by around 6% or more and the more volatile silver by around 10%. Read it HERE.

This smoke and mirrors rhetoric was not the only cause of the ridiculous movement of gold and silver, but likely had some impact upon yesterday's market fiasco.

Need to get back to the taxes, so I'll close for today. Even though the prices of the miners are attractive, I am going to sit aside until the market gives us a better picture. Pray for the day of free markets which are certainly more predictable than the politically managed market of today. We do things God's way or face chaos.

Best to each, Doug

G20 Another Non-Event - We trust and depend upon Jesus Christ

There is nothing much to report from the G20 boon dongle. Except, we should be on the look out for more regulation of citizens and their finances. Governments seldom turn to their primary tasks of protecting life, liberty, and property of citizens even during hard times.

But we are not depending upon men, but upon the King of Kings: our Lord and Savior Jesus Christ. He is the sure help daily to those of His family. We are secure and safe for eternity with Him. We must respond to His love and grace by being obedient to His law and teach it to our children and grandchildren for generations to come.

The bear is clawing virtually all markets today. The DOW is down 128; Gold is down 24 to 869.80; Silver is down 0.60 to 12.15, and CEF is down 0.32 to 11.32.

The dollar is not doing very well, either, as you can observe in the graph, below.



So, it is a dismal day in the markets. Our trading stocks are becoming more attractive, but we must be very cautious with the free falling prices in the precious metals. Our trading stocks are, as follows: DROOY 7.022; HL 1.96; HMY 9.24, and VGZ 1.92. These are even lower than our last buying ranges of last week. These are possibly buying ranges which will not last. However, I would recommend caution in buying until we see the metals stop falling and begin to turn upward. Of course, if you do not own any of these, you might begin to pick up some shares at these prices. I would it I had none, but am satisfied with my current portfolio of them. As the metals turn upward, I will be buying more, and will try to send out emails to that effect.

From Chinaview.cn:

Zhou Xiaochuan: Reform the International Monetary System

Special Report: Global Financial Crisis

By Zhou Xiaochuan

BEIJING, March 26 -- The outbreak of the current crisis and its spillover in the world have confronted us with a long-existing but still unanswered question,i.e., what kind of international reserve currency do we need to secure global financial stability and facilitate world economic growth, which was one of the purposes for establishing the IMF? There were various institutional arrangements in an attempt to find a solution, including the Silver Standard, the Gold Standard, the Gold Exchange Standard and the Bretton Woods system. The above question, however, as the ongoing financial crisis demonstrates, is far from being solved, and has become even more severe due to the inherent weaknesses of the current international monetary system. Scan the whole article HERE.

The section titles in the article give a good overview of the contents. It is quite good and I believe that China is intent upon changing from the dollar reserve. It has the level of U.S. debt and clout in the world to make it happen. It could change sooner than many expect. One has to watch how the sales of U.S. debt goes. There are fewer interested buyer, thereof. Also, there is a growing realization that nations are beginning to replace their dollar reserves with other currencies. Can anyone say, "Renmimbi?"

A summary of the impact of threatened gold sales by the IMP from Casey Research's Room:

"At this writing, of China's $2 trillion in reserves, only about 1% is held in gold. There has been credible talk of them boosting that percentage to as much as 10%. At $900 per ounce, the math looks something like this…

At 32,000 ounces per ton, 400 tons equals 12,800,000 ounces. Multiplied by $900, we arrive at a total value of the intended IMF sale of $11.5 billion.

Ready to be deployed against that amount is as much as another 9% of China's $2 trillion reserves -- which adds up to $180 billion. And that's just China. Of course, there are any number of other countries sitting on piles of U.S. dollars and viewing the outlook for those dollars in fairly negative terms.

So, sure, the notion of a big IMF gold sale might spook the gold market a bit… but in the final analysis, it will amount to less than a hill of beans."

The rhetoric is what is important to many in the precious metals. They seems to succumb to the slightest mention of sales. Were China to begin to exchange some of their dollar reserves for gold, that would make the renmimbi more attractive and take away from the dollar.

This is the day that the Lord has made and given to each of us. We shall rejoice and be glad in it. Let us live it to His glory and for the spread of His Kingdom.

Best to each, Doug

From Original Sin to Today - We can see the results!

From the beginning of the creation with Adam and Eve in the Garden of Eden, man has wanted to be as God determining for himself what is good and what is evil. The first sin described in Genesis Chapter 3 was, as Satan told them, "Ye shall be as gods, knowing good and evil." Thus, the woman and the man ate of the tree which God had forbid him to eat.

From that day forward, man has been tempted to believe that he is better able to define good and evil than the Creator God. Today in all of life, we are suffering moral decay and financial woes which are a direct result of the continuation of this sin of man. Our governments and courts believe that they have far better knowledge and wisdom than the law of God. They believe they are to wise to simply follow God's law and the Constitution. They must define law for themselves.

Thus, we have an ever changing law upon which no one can truly depend. God's law and our Constitution do not change. However, man's law is an ever changing law. Thus, man seeks to define his own law which is nothing more than giving in to Satan's original temptation succumbed to by Adam and Eve in the Garden.

This has been the cause of the fall of many great nations in the past and may well be the fall of our beloved country, as well. We must always remember that we either live in the freedom of God's law or the totalitarian law of man. It is God's Law or chaos.

The precious metals are being hammered down with the threat of sales of gold by the IMF while this may simply be saber rattling which will amount to nothing. The dollar remains under great pressure as China moves Asia into using the Yaun as the reserve currency.

The, above, graph shows the dollar moving down toward the 200 day moving average and it is already below the 50 day average. We can still see a somewhat positive movement of the relative value of the dollar in the display of higher lows. The dollar is facing very severe challenges in the very near future. The world is becoming less interested in financing our debt. Thus, we will have no alternative but to go into even greater creation of our paper currency.
Above, we see gold moving lower in Asian trading. It is now at 884.90. Below, silver is moving in the same direction down to 12.52.
The lower prices of our precious metals may rebound upward tomorrow as the trading opens in New York. We will have to wait and see. However, we are likely to be treated to more buying opportunities in our trading stocks. I was a buyer of both DROOY and HMY which were in great trading ranges most of last week. HL and VGZ closed the week above 2.00 and were out of my buying range. At or below 2.00 are good trading ranges for me, but I have a nice stock of both in my portfolios now.

From Forbes:

A Great Right Hope

Dirk Smillie, 03.06.09,

Christopher Ruddy's conservative media empire is booming. Now, can it save the Republican party?

Christopher Ruddy wasn't invited to President Barack Obama's dinner with conservative columnists at George Will's Maryland home in early January. Maybe he should have been.

Ruddy's conservative flagship, Newsmax, whose 90,000 circulation flatlined during the Bush years, has climbed to 130,000, eclipsing political peers Weekly Standard (81,000) and New Republic (100,000). Unique visitors to Ruddy's Web site, Newsmax.com, has doubled in the past year, to 3.8 million a month. That's a bigger readership than the Drudge Report. Read it HERE.

I do not believe that the good of America will be served by either the Democrats or Republicans. Both seem devoted toward bail outs of failing industries and increased government spending. This leads to further depreciation of our dollar and robs us of purchasing power. Both seem dedicated to man's way which is the opposite of God's.

From TownHall:

Sunday, April 05, 2009

Car Designer in Chief

by George Will

WASHINGTON -- The Constitution enumerates three requirements of those who would be president (they must be natural-born citizens, at least 35 and a resident within the country for 14 years) and now the government's thrashing about in the economy imposes a fourth: Presidents must be able to speak pluperfect nonsense with a straight face, lest the country understand what the government is doing. Obfuscation serves political salvation when what the government is doing includes promising that if Chrysler will sell itself to Fiat, U.S. taxpayers will lend that Italian firm $6 billion. Read it HERE.

If GM recovers from the latest edicts of government, it will be a miracle. Government seldom micromanages anything well with efficiency and low cost. It seems that America is destined to get out of the automobile industry. Another casualty of, not only poor management, but of government regulation and taxation.

From WorldNetDaily:

LIFE WITH BIG BROTHER
Will bill give Obama control of Internet?
Proposed new powers called 'drastic federal intervention'

---

Posted: April 04, 2009
10:35 pm Eastern

By Drew Zahn
© 2009 WorldNetDaily

Sen. John "Jay" Rockefeller, D-W.V.

A pair of bills introduced in the U.S. Senate would grant the White House sweeping new powers to access private online data, regulate the cybersecurity industry and even shut down Internet traffic during a declared "cyber emergency."

Senate bills No. 773 and 778, introduced by Sen. Jay Rockefeller, D-W.V., are both part of what's being called the Cybersecurity Act of 2009, which would create a new Office of the National Cybersecurity Advisor, reportable directly to the president and charged with defending the country from cyber attack.Read the article HERE.

From NaturalNews.com:

South African GMO Crop Failure Highlights Dangers of Food Supply Domination

Read the article HERE.

The, above, article points toward more problems of our food supply. We must get on with our gardens, farmers' markets, and coops to preserve food for ourselves, families, and communities. With a two weeks supply of food in the super markets, there is a real threat to our survival. Maybe, we should all become farmers and move to the country. But then, there would not be the other products upon which we depend. At least, we would likely have food. Think water, too!

I am so thankful that the Creator God is in control, and that by His grace, He loves and cares for His people and always preserves a remnant to carry on His work in the world. Praise Him daily and do not neglect the corporate worship to which every man is called.

Best to each, Doug

Government Grabing Food Supply - Buying Opportunity in Metals.

Our benevolent Federal and State Governments are moving again to squash the remaining free markets for food. Neither can stand to leave people alone.

This is a serious threat to our food supply. "We are from the government here to hep you." Don't believe a single word of it. They are here to gain even more control over the people. Remember, a good government as envisioned by our founders, is to protect the life, liberty, and property of the citizens.

This is very serious business! Folks, we need to call, write, and email our representatives to vote against all such legislation. We are rapidly approaching the time when "victory gardens" are essential, as they were during WWII. In fact, the governments encouraged them at that time.

What a significant change! Now our governments want to take over every activity of our lives.

From Farm-to-Consumer Legal Defense Fund:

HR 875 - The Federal Take-Over of Food Regulation

Flawed Food Safety Bills in Congress

Consumers who buy nutrient-dense foods from local, sustainable farmers can feel secure about the safety of their food. The same is not true for the majority who buy their food in grocery stores from mass-production industrialized operations. We understand the pressure that Congress faces to improve the safety of that mainstream system. But it is critical that the laws not interfere with the right to choose local foods or with our farmers' ability to raise safer, healthier foods! Read it HERE.

From the Farm and Ranch Freedom Alliance:

Food Safety Bills in Congress

As of March 16, 2009, five food safety bills have been filed in Congress. All five bills include “traceability” provisions, whether for animals, produce, or both. It’s a confusing situation, because NAIS is not a food safety program. The NAIS tracking ends at the slaughterhouse, while most foodborne illnesses are due to contamination that occurs at the slaughterhouse, food processing or handling facilities, or at homes and restaurants. So NAIS provides little or no relevant information in the event of a foodborne illness outbreak. Read it HERE.

From Austin360.com:

Lawmakers tackle food, from cows to cakes

By Addie Broyles
AMERICAN-STATESMAN STAFF
Wednesday, April 01, 2009

Ranchers, backyard chicken farmers, teachers, students and cake bakers are keeping a close eye on several bills working their way through the chambers of the U.S. Congress and Texas Capitol. Here's a look at some of the food-related issues lawmakers are dealing with:

Animal identification

Read it HERE.

From Mercola.com:

Say Goodbye to Farmers Markets, CSAs, and Roadside Stands

U.S. "food safety" bills currently under consideration were written by Monsanto, Cargill, Tyson’s and ADM. All of them are associated with the opposite of food safety.

Organic food and a rebirth of farming have been winning -- not in absolute numbers, but in a growing shift by the public toward understanding the connection between their food and their health.

Farmers markets, local farmers, real milk, fresh eggs and vegetable stands threaten the corporations, which is why there are now massive "fake food safety" bills in Congress.

Read the article HERE.

From MetroFarm.com:

Click HERE to listen.

Both silver and gold have been capped again in our non-free market.

This action is providing buying opportunities across the board in our trading stocks. DROOY is 7.20; HL is 2.12; HMY is 10.14, and VGZ is 2.15. I am buying both HMY and DROOY.

Gold is 904.80 on an up tick and silver is 12.85 on a down tick. The DOW is off 60.53.

Best to each, Doug

.