National Repentance is Essential - Gold Rompts - Silver Struggles

Gold touched above 1180 at NY opening. It moves relentlessly higher. Of course, there should be lighter trading in the markets today and Friday morning as traders enjoy the holidays. This is often the time to make good buys or, at times, to sell losers at higher prices ahead of the year in tax selling season.
The boyz seem to be really after silver this time around. I bought silver eagles at 21.10 including shipping yesterday, because I believe we will see a big jump in silver as it moves to catch up with gold in the near future. This can occur at any time. Silver seems to being capped at 19 now. Each new time around the cap appears to be moved a bit higher. It has remained above 18 for three days of trading now. That is a step forward.



From TownHall.com:

A Minority View: Voluntarism or Self-Interest?

by Walter E. Williams

How many things in our lives would we like to depend upon the generosity and selflessness of our fellow man, and do you think we would like the outcome? You say, "Williams, are you now putting down generosity and selflessness?" No, I'm not. Let me ask the question in a more direct way. Say you want a nice three-bedroom house. Which human motivation do you think would get you the house sooner: the generosity of builders or the builders' desire to earn some money? What about a nice car? Which motivation of auto companies and their workers do you trust will get you a car sooner: the generosity of owners and workers, or owner desire for profits and worker desire for wages? As for me, I put my faith in people's self-interest as the most reliable way to get them to do what I want and believe most other people share my faith. What would your prediction be about the supply of housing, cars and most other things if Congress enacted a law mandating that a house or car could only be donated, not sold? If you said there would be a shortage of houses and cars, go to the head of the class. Read it HERE.

Economist Walter E Williams is a sound Economist from the Austrian School of Economics and a supporter of a return to our Consitutional government. He is always worth reading.

From MineWeb.com:

Relentless upwards drive for gold - will something give?

The gold price is continuing its upward drive and talk of a price bubble is seemingly having little impact.

Author: Lawrence Williams
Posted: Wednesday , 25 Nov 2009

LONDON -

The gold price seems to be continuing in its almost relentless upward push which has been under way since it broke through the $1,000 barrier at the end of September. Every time the price stutters big money buying seems to come in to support the new status quo, which suggests there is far more to this than just normal investment demand. Indeed the previous big drivers in the form of ETFs and ETCs no longer seem responsible for the big price upturns, although some new increases have again been seen recently, so it is metal purchases which seem to be the root cause - but who is it who is buying?

The general Western investment public is probably not the source of most of the money going into the yellow metal. Read it HERE.

From MineWeb.com:

Have Central Banks lost their desire to cut gold reserves?

With India leading the charge a desire not just to be conservative but also to been seen as conservative will see central banks helping bolster the gold price.

Author: Geoff Candy
Posted: Tuesday , 24 Nov 2009

JOHANNESBURG -

Russia's announcement Tuesday that it will buy some 15.6 tonnes of gold further reinforces a growing trend among central banks - a distinct lack of selling.

Indeed, if anything the trend is exactly the opposite, underlined by the massive purchase of some 200 tonnes of the IMF's gold by the Reserve Bank of India. So where does this leave the third, and latest Central Bank Gold Agreement (CBGA) that sets out the timetable for official gold sector sales?

Consultancy, VM Group, in collaboration with BNP Paribas, asks this exact question in its latest Yellow Book report on the gold sector. It points out that there are only two major changes between CBGA 3 and CBGA 2: the ceiling on central bank gold lending has been dropped and the annual sales limit has been reduced from 500 to 400t/year.

As the VM Group points out, while not a signatory, the IMF is the only significant confirmed seller of the yellow metal. Which makes the statement that the IMF's sale can be "accommodated within the above ceilings" a huge understatement. Read it HERE.

From MineWeb.com:

Russia's central bank bought 15.6 tonnes of gold in October

The purchase pushed up the country's gold holdings by 2.6%; bank says it aims to increase gold's share in its reserves this year

Posted: Tuesday , 24 Nov 2009

MOSCOW (Reuters) -

Russia's central bank gold stocks rose by 0.5 million ounces (15.6 tonnes) or by 2.6 percent in October to 19.5 billion ounces (606.5 tonnes), data on the bank's web site www.cbr.ru showed.

Russia's central bank has said it aims to increase gold's share in its reserves this year to keep its investments diverse. The metal is also seen as a safe-haven at times of financial market turbulence and economic crisis -- a status which has helped send the price of gold XAU= to record highs this year.

The web site said the total value of gold in the bank's stocks rose to $20.4 billion at Nov. 1 from $18.8 billion a month earlier. Gold made up 4.7% of Russia's total gold and foreign exchange reserves -- the world's third largest -- which stood at $434.43 billion at the start of November. Read it HERE.

Perhaps, the banks are wiser than most Americans. See the U.S. Dollar to Gold graph, below. Which would you rather be holding: the depreciating dollar or the precious metal? Think about it.

From MondayMorning.com:

Which of the “Rich Four” Countries Will Default First?

By Martin Hutchinson
Contributing Editor
Money Morning

Volume in the credit default swap market for rich countries has soared and so have credit spreads, according to a recent Financial Times story, while volume in emerging markets CDS has stagnated. In other words, traders are betting against the governments with high budget deficits, like Britain and the United States, as well as against those with high debt levels, like Japan and Italy. Read the thoughts considering an answer to the headline question HERE.

From MyDigitalFC.com:

India plans to buy more gold from IMF

By Mandakini Raina Nov 24 2009 , New Delhi

India is open to buying more gold from the International Monetary Fund (IMF). Read it HERE.

The move to gold continues!

The miners from Scottrade.com streaming quotes:

The Currencies from Kitco.com:

BULM is 0.80; BYDDF is 8.50; DOW is up 47 at 10480; Gold is 1184.30, and silver is 18.73.

Folks, we need to heed God's word in 2 Chronicles 7:14. If "My people humble themselves and pray, and seek my face and turn from their wicked ways, then I will hear from heaven, will forgive their sin, and will heal their land." Do not think that since this is from the Old Testament and not applicable today. Ask yourself what part of the Bible did the Apostles and early church use before they had the Apostles letters? What part of the Bible did Christ use? You must see that the whole Bible is the word of God.

While it is true that God is long suffering and patient with His people, His patience is not eternal. He has wiped out nations which were disobedient to Him throughout history. He even destroyed His chosen nation of Israel in 70 AD. He will destroy America unless we return to Him. I believe there is great hope for America since I believe that God is not through with America. Let us heed His call to repentance and restore the glorious dream of our forefathers in seeking to further the kingdom of God.

Best to each, Doug

Gold Above 1175 - King Jesus reigns Supreme

Here is the gold graph for late evening trading. Notice the $8+ jump. There should be light trading as traders prepare for Thanksgiving break here in America. The light trading period may give us time to sell some of our losers at slightly higher prices or to add to our portfolios.

The 3 month graph of gold, below, shows the extreme climb of the last few days. Something like 14 up days of the last 15. That is a very strong showing. We must be in the second phase or possibly in the third phase of the gold bull market. Time will reveal this to us.
It is very appropriate that we give thanks to King Jesus for His providential creation of America through mostly Christian men among our founding fathers. Using the Geneva Bible from John Calvin's Geneva, they sought to spread the Kingdom of God throughout the "new" world.

We must, also, repent of the fact that most Americans and in particular the churches have turned their backs on our Sovereign God. Many through ignorance of God's Word and many just giving into the lusts, pride, and other idols which seem to satisfy.

Let us repent and diligently study God's Word that we may be more discerning of our activities which include all movies and music in which we delight. We must view everything in which we come in contact in the light of God's Word. For every activity and source of entertainment, we must ask ourselves if this glorifying to God and for the furtherance of His Kingdom. If not, we must reject and turn away from it.

We must hate sin as God does. And, by the in working power of the Holy Spirit, we must develop a sound Christian world and life view. This is critical for the healing of our nation. As we turn back to God, perhaps, He will remove His judgment upon us before His patience with us expires and we fall under His wrathful destruction.

Best to each, Doug

China - World & Life View - Gold & Silver

China seems to be intent upon becoming, not only a major player in international markets, but the major player. Thus, they continue to purchase gold, natural resources, and to build their military might. The world is facing what we would have called a "Sea Change" not long ago. The temporal world as we know it will be different for our succeeding generations. Thus, we have a very important task which is to prepare them for what is coming.

God, in His wisdom, deals with all people convenantly. He has made a covenant with all people. He says, that if we keep His covenant in obedience to His law, He will bless us. On the other hand, if we fail to obey, He will curse us. In America, today, we are seeing the discipline of King Jesus as a good father would discipline His children to teach them to be obedient.

We, as a nation have turned away from the God who providentially gave us a nation founded, primarily, upon His written word. His word was the foundation for the Godly American Revolution. It was the foundation for the Declaration of Independence and the Constitution.

How many Americans attended corporate worship of God on Sunday? How many of you fathers are raising your children in the nurture and admonition of the Lord? How many are having daily bible study in your home? All of this is essential for our succeeding generations to be spiritually prepare to carry on the Kingdom work for King Jesus. This is also essential in response to the discipline of the Lord for the current healing of our nation.

Further, in preparation of our offspring, it is essential that we equip them financially for the Kingdom work. We must prepare our daughters for marriage and seek to find strong reformed Christian men for them. We must prepare young men to be prepared to be spiritual leaders for there families and the communities. This is an impossible task with our own renewal by the in working of the Holy Spirit and our devotion to the study of God's word and applying it to every aspect of our lives. Without a Godly life and practice, we are lost.

I rest securely in the Sovereignty of the God of all, and even when I fail, He calls me to repentance and a return to Him I praise Him daily for this and pray that each of you does the same. Without this, America is doomed. However, I do believe that God is not finished with America and has great work for us ahead. Will it be our generation or the next, or the next which will return to Him?

Intervention into the markets continues. The bullion banks and our Federal Reserve proxies are still at it. Each time the precious metals have been able to bounce back. We are without a doubt in the second or, possibly, in the early third phase of the gold rise. The last few moves of gold have pushed the metal to new highs intraday and at the close. This is a strong move. While gold would appear to be overbought, it is still from a technical perspective to move upward.
The 3 Year Gold Graph reveals some of the technical perspective. I have indicated some on the graph. Is gold going parabolic? That is the real question. Were it to do so to a high near the end of this year, it would surprise all of us by the height it would reach. If such is the case, we are likely in the third phase. Remember this is real money and will be used to some extent by the first nation to back their currency with actual metal. That is likely to be China. Think about the Renminbi as it would then replace the dollar as the reserve currency of the world. Were this to happen, we would be a has been in the world of finance to a great extent. That is why I am in the precious metals to preserve what little wealth I have.
All of the articles today are very important reads. Check each one!

From MineWeb.com:

Gold: the haves and the have-nots

Possible "bubble" indicators do nothing to dampen investor demand for selected stocks.

Author: Barry Sergeant
Posted: Monday , 23 Nov 2009

JOHANNESBURG -

As dollar gold bullion continues to make fresh records, so investors still chase certain identifiable individual listed gold stock prices to fresh records, and, at the same time, virtually ignore a fairly long list of names that have been effectively binned for the meantime.

At the fundamental level, there are increasing calls to resist the high emotion saturating gold bullion, on the basis of at least some "bubble" indicators floating about. The dollar price has increased from around US$250 over an extended period in and around 2000 to levels now approaching US$1,200 an ounce. Read it HERE.

From MineWeb.com:

U.S. House Fed audit proposal gives gold another boost

While such an event is unlikely in the current form proposed, as is the Fed losing its independence the fact that such proposals have got as far as the senate has given the yellow metal a lift

Author: James Saft (Reuters)
Posted: Tuesday , 24 Nov 2009

HUNTSVILLE, Alabama (Reuters) -

Auditing the Federal Reserve may or may not be a good idea, but one thing seems pretty sure: just discussing it seriously will tend to drive the price of gold higher.

The U.S. House of Representatives Financial Services Committee last week voted to approve an amendment that would bring about an audit of the Fed, its monetary policy and lending programs, since when gold has gone its merry way higher, hitting an all-time high of $1,174 per ounce on Monday.

The amendment, a provision to a broader financial services reform bill that is still under consideration, was co-sponsored by Republican Representative Ron Paul, author of the book "End the Fed," and the man least likely to be found chairing a panel at Jackson Hole or Davos. Read it HERE.

Reported in The Daily Pfennig today: "And then there was this... My "then there was this" today will be a thought from good friend, David Galland on buying Gold... Here's David...

"Buy gold. Unless and until there is an angry upwelling of popular discontent at the growing size of government - and it has to be far more substantive than just a few vocal talk radio jocks, or even 100,000 or so people peacefully gathering on the Mall in Washington DC - the government will continue to grow, or even just keep running at current levels, which means the destruction of the dollar. Many tangible assets will do well, but their intrinsic value as money means gold (and silver) will do best.""

I would second David Galland's advice to buy gold, but I am also interested in silver at this juncture as it has been lagging the price of gold. I believe it will catch up with gold to some extent in the near future. Silver has been suffering the same intervention as gold. The option contracts on silver are very large and likely at an all time high. This is an overhang that the boyz would like to take advantage of soon.

From The Financial Times:

Bets rise on rich country bond defaults

By David Oakley in London

Published: November 22 2009 18:27 | Last updated: November 22 2009 18:27

The mounting level of debt in the industrialised world is prompting a growing number of investors to use the derivatives market to bet on the chance of rich governments defaulting on bonds. This is an important read HERE.

Yes, we could see the U.S. and other nations default on bonds. Unheard of, but very possible.

From GoldenSextant.com:

Viva la Restoration

Gold Conference

Remarks of Robert K. Landis
Zurich, Switzerland, November 17, 2009

Tonight I’m going to approach the subject of gold from a somewhat oblique angle.

Just over a year ago, the United States underwent a seemingly radical change, seemingly overnight. Its financial system had been revealed as insolvent under the weight of huge liabilities and worthless assets. The government refused to allow all the bankrupt institutions to fail, and thus permit the market to do its job of purging the rot from the system.

Instead, the authorities saved their favorites, effectively merging bank with state. They did so under cover of a witches’ brew of subsidies, guarantees and quasi-nationalizations bearing bizarre acronyms like TARP; PDCF; TAF; TSLF; and my personal favorite, the ABCPMMFLF, otherwise known as the Asset-Backed Commercial Paper Money Market Fund Liquidity Facility.

And those were just the visible programs. The Fed, our central bank, dropped interest rates to zero and monetized additional trillions of dollars worth of problem assets, away from prying eyes. The nature and source of these assets remain matters of speculation, because the Fed to this day refuses to tell us what it bought and from whom.

When the smoke cleared, we Americans found ourselves the subjects of a gangster state, in thrall to a clutch of greedy, corrupt and incompetent banks which only days before had failed. We were now the guarantors of trillions of dollars in worthless assets that had generated billions in profits for those same banks in recent years. Their gains remained their gains; but their losses were now our losses. Our money, the reserve currency of the world, was now backed by toxic waste. View the speech HERE.

From The Free Money Gold Report:

Welcome to Stage Two of Gold's Bull Market

November 23, 2009 – Bull markets are marked by three distinct stages, and when gold climbed above $1,000, it only entered its second stage. In other words, gold has much further to climb in the months and years ahead. So don’t be misled by what you may hear or read in the mainstream media and even much of the alternative media. After all, how many commentators have correctly identified gold’s bull market, now a decade old? As Robert Blumen cogently argues: “Many of the financial media have a pronounced anti-gold bias. Of the writers and news anchors now calling gold a bubble, not only did they fail to identify the stock market bubble in the 90s or the subsequent housing market boom as a bubble, they actively promoted the excesses of those unsustainable booms, encouraging their viewers or readers to participate. For the most part, these pundits have failed to identify a rising gold price as an investment trend at any point in the past ten years (during which gold had a positive return each and every year).” Robert then goes on to observe the silly incongruity of their warnings about gold: “Witness the irony of the financial media transformed from hypesters who never saw a bubble they couldn’t promote into bubble vigilantes, issuing concerned warnings to ‘get out [of gold], now, before you get hurt.’”

Read it HERE.

Here are the Stocks from Scottrade streaming quotes:

And the Currencies from Kitco.com|

Here are some of the latest quotes: BYDDF 8.10; BULM 0.75; Silver 18.43; Gold 1168; DOW down 28 @ 10423.


Best to each, Doug

Shortly after the Bell - Global Warming Debunked

Here are the miners from Scottrade's streaming qoutes:
Here are the currencies from Kitco.com:

From MineWeb.com:

MARKET ANALYSIS
Gold to hit $1650 by late 2010, early 2011, but estimate could be low - Jim Sinclair
As a contra to the dollar the outlook for the yellow metal remains strong Author: Geoff Candy Posted: Monday , 23 Nov 2009
JOHANNESBURG -
The poor outlook for the dollar continues to provide good prospects for the price of gold.
According to Jim Sinclair, chairman at Tanzanian Royalty Exploration, the price of the yellow metal could reach as high as $1650 by the end of 2010 and moving into the beginning of 2011. But, the man admits that, given recent happenings, this could be a bit of a low estimate.
"My thesis is that gold is a contra to the US dollar and recent statements out of the Federal Reserve that interest rates will remain extremely low until 2012 is really a go ahead single for gold to continue to perform as it has until at least 2012. Read it HERE.

From MineWeb.com:

Gold continues to shine with $1200 the next price target
Despite a lack of any major news, the price of gold continued upwards last week and, at this stage, shows little sign of stoppingAuthor: David LevensteinPosted: Monday , 23 Nov 2009
During the last week gold make another historic high, touching US$1153 on Wednesday. Once again, what was interesting was that the upward momentum continued despite the fact that there was no real news in the market. Over the last two weeks the price of gold has moved upwards in a series of higher highs and higher lows which I pointed out in my previous newsletter. While I thought it may find some resistance at the US$1125 level, the price breached this level without much difficulty. The next level of resistance seems to be around the US$1150 level, but if the current momentum continues, after a short period of consolidation, this level could be broken and gold could easily hit US$1200. The price of crude bounced between US$80 and US$77 and the EUR/USD see-sawed between 1.500 and 1.4800.
According to an article from Bloomberg Nov. 19, the U.K.'s Royal Mint, more than quadrupled production of gold coins in the third quarter. Output rose to 32,735.8 ounces from 7,500.2 ounces a year before, according to data obtained by Bloomberg News under a Freedom of Information Act request. Production in the first nine months more than tripled to 100,391.3 ounces, the data show. Read it HERE.

All of the news for gold is upbeat. Thus, the "experts" are beginning to see a lower dollar (and other FIAT currencies) and the inflation lurking in behind the curtains. They are moving to the security of the precious metals.

From Bob Livingston:

The Stealth System
November 23, 2009
According to Webster’s Third International Dictionary, “stealth” means, “something stolen,the act or action of proceeding secretly or imperceptibly.”
And according to Black’s Law Dictionary 6th Edition, stealth means, “secret or the act of stealing when the victim is unaware of the theft. Any secret, sly or clandestine act to avoid discovery and to gain entrance into or to remain within residence of another without permission.”
In my view, stealth needs further definition. Stealth should be categorized as being in existence where there is total unawareness by the victim(s). Also, stealth should be characterized as being secretly operative over very long periods of time, so as to be sacrosanct and institutionalized.
An example is the Federal Reserve and its companion, the Internal Revenue Service (IRS). Time bestows legitimacy. This means that millions of people are born into the system who never question its legitimacy, legality or morality. Read it HERE.

The stealth activities of the Federal Reserve and the Federal Government seem to be above the law as they see it. Both exist by the providence of God and the are subject to both His law and the Constitution. Currently, they have made themselves a law unto themselves. Thus, we are being subjected to man's ever changing law which is contrary to the unchanging law of God. This is an abomination which could well be the judgment of God upon our nation.

From Telegraph.co.uk:

Climategate: the final nail in the coffin of 'Anthropogenic Global Warming'?

If you own any shares in alternative energy companies I should start dumping them NOW. The conspiracy behind the Anthropogenic Global Warming myth (aka AGW; aka ManBearPig) has been suddenly, brutally and quite deliciously exposed after a hacker broke into the computers at the University of East Anglia's Climate Research Unit (aka Hadley CRU) and released 61 megabites of confidential files onto the internet. (Click: HERE)
When you read some of those files – including 1079 emails and 72 documents – you realise just why the boffins at Hadley CRU might have preferred to keep them confidential. As Andrew Bolt puts it, this scandal could well be “the greatest in modern science”. These alleged emails – supposedly exchanged by some of the most prominent scientists pushing AGW theory – suggest:
Conspiracy, collusion in exaggerating warming data, possibly illegal destruction of embarrassing information, organised resistance to disclosure, manipulation of data, private admissions of flaws in their public claims and much more. Read it HERE.

This is eye opening news. Though we suspected it all along, it seems to have been proven. The global warming is a lie, just as Gore lied about inventing the Internet.

Here are some of prices: BULM 0.75; BYDDF 8.57; AMNP 0.78; DOW up 145 to 10463; Gold 1172.80; Silver 18.91. The dollar is down big time and destined for further decay.

I have yet to decide on any trades, but am looking. Will broadcast by email any actions I take.

We can always depend upon our Covenantal God to be true to His word. He will bless covenant keepers and punish covenant breakers. Study His word to discover all the answers to every problem facing man. Though He did not have to, He decided to give us the Bible to guide us under the power of the Holy Spirit. Be one of His as the Holy Spirit brings you to life and empowers you to obey King Jesus.

Best to each, Doug

Gold Now In Light Trading (Night) 1163 Silver 18.73

Both of our precious metals are up strongly over night in light international trading. We will be looking forward to what the opening in NY will reveal tomorrow as the options are expiring. Monday will be an interesting day. We may have a big move in either direction.
Gold began an upward move on Friday which continued with a jump tonight. This is a very exciting move. The wonder will be what tomorrow holds for us. This graph from Friday's close gives the current perspective. Notice the posting of the night is in purple. The RSI and MACD are as of Friday close, so there is no change yet posted in these places on the graph. The price is pushing the top trend line of the channel.
The metals are really on the move.

From Kitco.com Commentators Corner:


Nov 20 2009 4:07PM
Metals Soar

By Howard Ruff
We have had a rather spectacular three weeks. Gold has soared to over $1,140, and silver is over $18. We can enjoy our profits. Read it HERE.

Our Sovereign God demands that we honor Him in corporate worship on the Lord's Day. Failure to do so is disobedience. King Jesus has made a covenant with us which says that He will be our God if we are obedient to Him. He also promises blessings for obedience and punishment for disobedience.

At times, we may think that we have missed His punishment, but God's Word does not return void. It accomplishes all that it was meant to do. This word comes from a God who cannot lie. His is total righteousness and would have to change being what He is to lie. He also tells us that He is the same yesterday, today, and always. Thus, we are to give Him the glory and work for the furtherance of His Kingdom.

I will try to get the blog updated soon after the NY Markets open in the morning.

Best to each, Doug

Pilgrim History Corrected - BYD Company

Currencies from Kitco.com:
Miners from Scottrade.com:

Gold is off just just before NY opening. However, the trading range of both gold and silver is higher than recent times. I still believe the boyz are acting in both metals. Remember November 23, Monday, is a critical day for the metals. Read the quote from Ed Steer, below.

Our friend BYD Company looks to be recovering from an oversold condition. We need for it to cross above the 50 Day Moving Average for it to really sprint forward. This could be a time to begin buying in small chucks again. I bought yesterday as broadcast. May buy a bit more today.

From MineWeb.com:

Central banks net gold buyers for the second quarter in succession - WGC

Negative numbers abounded with respect to gold demand in the third quarter of this year, and the fourth quarter outlook is "mixed". It is arguable that the demand in the market is now past the worst. India has regained its position as the largest jewellery consumerAuthor: Rhona O'ConnellPosted: Friday , 20 Nov 2009

LONDON -
The latest "Gold Demand Trends" publication from the World Gold Council (WGC), using figures compiled by independent research experts GFMS Ltd., shows that whichever way you cut it, gold demand in the third quarter of this year was down against Q3 2008. As the WGC points out, however, the third quarter of 2008 was "exceptionally strong". In fact, at more than 1,200 tonnes, total fabrication, bar & coin and "other" retail investment, plus ETFs etc, exceeded 1,200 tonnes in the third quarter of 2008, the highest quarter since the start of 2005 and probably the highest quarter ever. Read it HERE.

From MineWeb.com:

SILVER COINS UP 56%
U.K. Mint quadruples gold coin production in Q3 YoY

Posted: Thursday , 19 Nov 2009
LONDON (Reuters) -

The UK Royal Mint, which produces gold and silver sovereigns and commemorative coins, said its SILVER COINS UP 56%.

U.K. Mint quadruples gold coin production in Q3 YoYPosted: Thursday , 19 Nov 2009
LONDON (Reuters) - Read it HERE.

From TownHall.com:

Lessons of Fort Hood
by Cliff May

When a military officer participates in a war against his own country, that is high treason, and that is the charge that ought to be brought against Maj. Nidal Malik Hasan. But it's not going to happen. Read it HERE.

From PersonalLiberty.com:

A Thanksgiving Lesson
November 20, 2009 by Chip Wood
Did you know that our Pilgrim forefathers tried communism when they first landed at Plymouth Rock?

How’s that for a dramatic beginning to a story? Years ago, when I used to give a lot of talks to high school classes, this was one of my favorites. It always got the students’ attention. And I have to admit, I also enjoyed seeing some liberal teachers get so upset with me they almost lost their lunches. Of course it failed, and you can read it HERE.

The, above, article is part of our history which has been omitted or rewritten so badly as to hide the fact that the Pilgrims tried communism for a while and almost starved to death. Then they went to private ownership of property and free market and survived against all odds. The trusted in the Lord and His providence as did George Washington. All of our early forefathers trust and reliance upon God's providence has been omitted from the history books in an effort to remove any reference to God. We were once a nation set on a hill by God to light the way of the Christian World and Life view for the world.

From Pfennig@EverBank.com: "And then there was this... According to the Wall Street Journal..."Some of Goldman's largest shareholders have urged the firm to reduce the size of its bonus pool, arguing that it should pass along more of its blockbuster earnings to investors. The investors hold tens of millions of shares in the Wall Street firm, which is on track to make the biggest employee payout in its 140-year history."
Chuck again... Where have these "largest shareholders" been all these years? Why make a big deal about this now? Oh, that's right! The Gov't has made it look "dirty" to give bonuses..."

From Global Europe Anticipation Bulletin:

Global systemic crisis – States faced with three brutal options in 2010: inflation, high taxation or default

As anticipated by LEAP/E2020 last February, in the absence of major reappraisal of the international monetary order, the world is now entering the phase of geopolitical dislocation of the global systemic crisis. In 2010, as protectionism and the economic and social depression will gain momentum, a large number of States will be compelled to choose between three brutal options: inflation, high taxation or defaulting on their debt. A growing number of countries (USA, United Kingdom, Euroland (1), Japan, China (2),…) have used all their budgetary and monetary cartridges in the 2008/2009 financial crisis and are now left with no other alternative. This is a long, but very important article with graphs that you should read HERE.

From GATA.org:

Jim Rickards: If gold is money again, it goes to between $4,000 and $11,000

Submitted by cpowell on Thu, 2009-11-19 21:25.
4:15p ET Thursday, November 19, 2009
Dear Friend of GATA and Gold:
Jim Rickards, director of market intelligence for McLean, Virginia-based consulting firm Omnis, was allowed onto CNBC again today to make gold-friendly comments. You may recall his blunt statement on CNBC back in September: "When you own gold, you're fighting every central bank in the world": An interesting read HERE.

From Casey's Ed Steer's Gold & Silver Daily: "As I said about three weeks ago, regardless of what gold is doing the day after options expiry on Monday, November 23rd... I will be investing the last of my cash in the precious metals market. The position limits issue that the CFTC is going to be bringing in to effect in early December will [hopefully] deal with the obscene short positions that are held by JPMorgan [and a few other bullion banks] in both silver and gold. If it does, that will change everything in a real hurry."

Wow! That is a very bold statement. We should watch and see what happens to gold and silver on Monday (November 23rd) .

Gold is 1141 and silver 18.33. BYDDF is 8.45; BULM is 0.74; DOW is down 32 to 10298.

God is in control of all. He appoints and removes rulers, as well as, nations. The above article on the Pilgrims is very important. We exist as a nation, because of our forefathers faith and trust in God. However, our Federal Government and many of our citizens have been so brain washed by the government schools that these facts are almost forgotten. To forget God is to risk destruction. Let's study His word and re-discover His law as a rule for all of life and practice.

Best to each, Doug

Caution Is the Watchword - Precious Metals Down a Bit

We were expecting a correction in the precious metals; however, this may not be a normal correction. Are the boyz getting worried again? They are always concerned that the people will discover the fraud of the counterfeit currencies of today. Both metals have taken it on the chin.
Though the Industrials and Transportations confirmed a potential new bull market in the general stocks, we have not seen a continuation of confirmations. Note the up down pattern of the lower trend lines. That is not good action. The return to higher highs, though positive, adds some confusion, as well. Folks, it remains a time for caution.
There is selling on the down moves and the volume has increased on the down side. There is moderate support, as shown, at about 7.60. I have sold some BYDDF, but am looking for an opportunity for buying. This is a strong company with a great potential. However, for the time being, I see it as a time of locking in some profit for rebuying at a lower level. Let's see if the support holds. A break below that should take the price much lower.

Take back American in 2010! If you did not get it from my email. HERE it is again!

From GATA:

Mint resumes selling certain gold coins amid strong demand

NEW YORK -- Demand for gold coins and bars, already strong as the price of gold sets records, could rise as the U.S. Mint is set to resume selling certain types of gold coins Dec. 3.

Last year, the Mint had to halt sales of half-, quarter-, and tenth-ounce coins because of a shortage of blank coins. It now has enough supply to do so.
"The demand is strong, but we also need to have the blanks to be able to do it," spokesman Michael White said.
This year, the Mint has sold 1.13 million one-ounce American Eagle gold coins, already surpassing last year's overall total of 860,500 coin ounces. Last year's total also included fractional-size coins. For 2008, the Mint sold 172,000 American Buffalo one-ounce gold coins before running out. The mint sold none from December 2008 through September 2009. Since sales restarted in October, the mint has sold 140,000 Buffalo coins. Read it HERE.

From KhaleeTimes.com:

Russia to sell 30 tonnes of gold to c.bank
(Reuters)
18 November 2009
MOSCOW - Russia’s state repository Gokhran will sell 30 tonnes of gold to the central bank in 2009 instead of offering it to the market, Russia’s finance minister said on Wednesday, adding that the operation will not be repeated in 2010.
Russia to sell 30 tonnes of gold to c.bank
(Reuters)
18 November 2009
MOSCOW - Russia’s state repository Gokhran will sell 30 tonnes of gold to the central bank in 2009 instead of offering it to the market, Russia’s finance minister said on Wednesday, adding that the operation will not be repeated in 2010. Read it HERE.

The Central Banks are replacing dollars with Gold. They are in the know and have many other opportunities. Do they see something that many do not? Is an end to the dollar as the reserve currency near? As always, study the financial situation and make your own decisions.

This is a time for great caution in the paper markets. In America, we are discouraged from saving by the low interest that savings earn. In fact, it does not pay to save in dollar terms, because the income tax will tax us on any interest to add insult to injury, and then the purposeful lowering of dollar purchasing power robs us of value over time. Thus, savings in a money market fund or on a bank account is a wasted exercise. We lose in the long run.

However, we can rest fully assured in the promises of King Jesus contained in His Word. "Seek ye first the Kingdom of God, and all our needs will be supplied." They are not always supplied in exactly the way or in the time we would like. But we know that our God whose love for His people cannot be removed by any power (None is greater than Jesus Christ), and He has faithfully promised that all things work together for our eventual good. What a wonderful God! Praise Him daily.

Best to each, Doug

Metals Higher - Dump some stocks - General Market Still in Doubt

BYD Company has taken a big hit and it looks to be going lower for the time being. I sold some to lock in profit and plan to buy back in at lower prices if it goes there. It looks to be a sound company, but was shocked by the court decision and loss. I believe that it will, not only recover, but move much higher in the near future, so I am ready to buy back in.

Silver has fit itself in to a higher trading range similar to that of gold.

As this is written at about 9:30 pm Wednesday, gold has spent most of the last 3 days in a trading range of 1130 to 1150. It broke above 1150 tonight, but fell backs some.Has gold formed a fairly neat "W." It has gone upward since then and has made a very strong showing. We have yet to experience a correction after this last upward sprint. Is one coming? I do not know, but the technicals indicate it has further upward room. It could coast a bit and build stream for another strong upward move.

The gold bugs are showing rather strongly, as well. The only technical detractor is the RSI which seems to be turning downward.

Now, take a look at the two graphs below which are showing no response to the new higher gold prices. That is a bad sign and I am selling all of my holdings in each of them. Consider the same for yourselves.

Gold is now 1141.50 and silver is 18.48. So both are holding well at night. I expect both precious metals to be riding high around the end of the year. We are due for a correction as the run up has been very rapid. However, with the central banks jumping into the buying who knows?

I am planning on adding more of the metals and the metals accounts. I will and if you do, commit your plans to the Lord in prayer and work in accord with them while trusting in the Lord for His results.

Best to each, Doug

Gold & Silver in Range - See ObamaCare Warning

Here is the miners streaming quotes from Scottrade.com:
Our miners are showing weakness today as is the Dow which is off about 7 to 10400. There will be an uncoupling between the miners and the general market at some point in time.

Here are the currencies from Kitco.com:
Gold has moved much higher than last week and seems to be holding well. There is much news about central banks adding more gold to replace some dollars in their reserves. This is likely to continue, and we should hope and pray that the exit from dollars will be gradual. That is in every one's best interest. Note the new trading range established since Sunday night.
Silver, after being contained i n a $0.50 trading range from about 1983 to 2002 regardless of supply and demand forces is beginning to feel its oats. It is much like containing a spring with outside pressure until one hold it no longer. Perhaps, this is the early move in the release of this silver spring. Time will tell.

Silver is trading in a much higher range, and percentage wise is gaining on gold. While the normal ratio of gold to silver is about 15, it is currently above 60. Silver has a long way to go if it is to catch up any time soon.
From Gold-Eagle.com:

GOLD IS BUSTING OUT ALL OVER

Howard S. Katz
November 16, 2009

The gold stocks caught on fire over the past fortnight. They have lagged behind the metal in relative strength, but, since they are more volatile than the metal, bigger profits are the result. For example, gold is well above its early September levels, but the XAU and the HUI have only broken above their corresponding levels just last week.

Measuring from May 22, 2009, when I last resumed a full bullish-gold position, the metal is up 16.5%. My Model Conservative portfolio is up 33.6%. The further back you start, the prettier it gets. For example, starting with the beginning of the grand cycle gold bull market (early 2001), the price of gold has multiplied by 4.4 times. The HUI has multiplied by 12.4 times. Pretty it is, and pretty it will continue. During the same time period the S&P is down 7%.

Yet all I hear from the establishment is the same mantra: "Buy stocks. Stocks must go up. They always have. Don't buy gold. Gold is a collectable." Sad, very sad. Beating these people is like taking candy from a baby. Read it HERE.

Though the miners have been hit today, we will see them much higher soon. I still believe that we will see gold go much higher around the end of THIS YEAR.

From the Daily Pfennig: Late last week, I came across a story on the dollar that I totally forgot to talk about yesterday... So, here you go... Oh, by the way, strap yourself in for this one, and keep your arms and legs inside during the ride...

The German government's 5-person council of economic advisers issued a report that said, "After the massive global increase in U.S. dollar reserves in the past years, an "uncontrolled exit", especially in emerging economies from the U.S. dollar as a reserve currency is a possible trigger of instability in currency markets." The went on to say...   "Countries holding "high" dollar reserves should consider committing to selling their dollar holdings in a coordinated way over a longer period of time."   The folks over at the Royal Bank of Scotland (RBS) think that Bernanke's speech yesterday, basically gave the green light for a further, slow, gradual decline of the dollar... And, quite frankly, that's what traders would prefer to see too, given that they don't like getting whipsawed day in and day out by the Risk on, Risk off game... When assets go to fast one way or the other, it just causes strong corrections, and people get hurt by the movements... But a slow, gradual decline I would think would be the preference of the U.S. Gov't... That way, no one notices... It's not like a bubble that grows and everyone notices it..."

Announcements, such as this, are becoming more frequent. Where there is smoke, and you know what that means. The dollar is being slowly burned by those seeking escape. 

From Bloomberg.com:

Touradji Buys Barrick Gold Shares, Sells Gold ETF 

Nov. 13 (Bloomberg) -- Touradji Capital Management LP, the New York hedge-fund firm that oversees about $2.7 billion, bought 2.23 million shares of Barrick Gold Corp., the world’s biggest gold producer, while selling shares in SPDR Gold Trust, the largest exchange-traded fund backed by bullion. 

“In a gold bull market, you can expect the equities to outperform gold, and in a bear market you would expect the stocks to get beat up more than the gold,” said Chip Hanlon, president of Delta Global Advisors Inc. in Huntington Beach, California. “I would say it probably means Touradji is increasingly bullish on gold.” Read it HERE.

I see this action as a watch tower guard blowing a trumpet of warning, and shouting "Mining Stocks are better than ETFs." Possibly, this is also a warning that ETFs are not as they would like investors to believe. Is there a shortage of metal to back the number of shares? Are they playing the hedge game with the bullion banks and have over extended? I do not know, but here is a major player changing strategy. We should look into this and decide if we should follow suite.

From Gold Anti-Trust Action Committee GATA.org:

When it comes to gold, history itself wears a tin-foil hat

Together the two articles suggest that gold is the secret center of the world financial system, the ultimate power in the system, a power provoking among governments an irresistible urge to try to get it under control. Anyone who asserts as much today is likely to be derided as some sort of nut case by the financial establishment. But as it turns out, when it comes to gold, history itself is wearing a tin-foil hat.

Go HERE to get the web sites for the two articles referenced. These are essential reading.

So, we gold nuts are not really as nutty as many would try to have us believe. Even the bankers are returning to gold.

From Reuters.com:

BlackRock says c.banks to be net buyers of gold

By James Regan
SYDNEY (Reuters) - Central banks will be net buyers of gold this year as they diversify away from the U.S. dollar, marking a reversal of a decades-old trend, global commodities investment fund BlackRock said on Monday in comments that helped drive bullion to fresh record highs. Read it HERE.
From The National Center for Policy Analysis:
Under ObamaCare, Democrats will control health care spending by imposing a "global budget" on Medicare.  This will have radical implications for U.S. medicine, says the Wall Street Journal.
Like most of Europe, the various health bills stipulate that Congress will arbitrarily decide how much to spend on health care for seniors every year -- and then invest an unelected board with extraordinary powers to dictate what is covered and how it will be paid for:
As envisioned by the Senate Finance Committee, the commission -- all 15 members appointed by the President-- would have to meet certain budget targets each year.
Starting in 2015, Medicare could not grow more rapidly on a per capita basis than by a measure of inflation.
After 2019, it could only grow at the same rate as gross domestic product (GDP), plus one percentage point.
The theory is to let technocrats set Medicare payments free from political pressure, as with the military base closing commissions.  But that process presented recommendations to Congress for an up-or-down vote.  Here, the commission's decisions would go into effect automatically if Congress couldn't agree within six months on different cuts that met the same target.  The board's decisions would not be subject to ordinary notice-and-comment rule-making, or even judicial review. It is essential that we understand and oppose this anti-God heart of Obama Care. Read the details HERE.
Gold is now 1138.70 and silver is 18.39 with both on down ticks. DOW is up about 5 to 10411.42.Bulm is 0.80; BYDDF 8.75; AMNP 0.71.
We should all rest in the fact that our King Jesus is in control, loves His people, cares and sustains His people and has a wonderful future for each one of them as he prepares wonderful places for them for eternity. His people know how the world as we know it will end when He returns. What a glorious day that will be. Until that time, He has commanded that we work to His glory and for bringing all people and institutions into conformity with His word. That is our task and we can go about it knowing that this is His will and He is working all things for His glory and our eventual good. Praise Him daily!
Best to each, Doug