Thoughts on Markets

Thursday, April 22, 2010

Citigroup Gold and Silver

Both silver and gold have, again, been capped. When one looks at the average day in the precious metals over time, it is easily seen that there is un-natural market activity at almost precisely the same time on most days. This is further testimony to the intervention in the paper precious metals markets which over flows into the physical markets. The paper play in these markets far exceeds the amount of actual precious metals available. That is what is plaguing our markets and artificially holding down prices. Some day, the intervention will cease and then the gold rush will come to fruition. Hold your Confederate Money -- OOPS! gold and silver, the metals will rise again.

From GhanaWeb.com:

How Goldman Sachs Screwed Ghana

Goldman Sachs, the global financial institution, with fraud allegations levied against it has a long history of setting up its clients for a fall...and making handsome profits.

This is a story of how this global investment banking and securities firm screwed Ghana. Read it HERE.

From Bloomberg.com:

Treasury May Sell Record Amount of Notes, Primary Dealers Say

April 21 (Bloomberg) -- The U.S. Treasury may sell an unprecedented $128 billion in notes next week as expectations increase that the amount of securities auctioned by the government is peaking with the economy strengthening. Read it HERE.

From Ed Steer's Gold and Silver Daily: "A nation that encourages its people to spend more and save less... promotes economic backwardness, social decay and its own financial doom. - Dr. Kurt Richebacher"

A great quote and so true! Let's make up our own minds to do the opposite for safety of what ever wealth we may possess.

Miners from Scottrade.com:

Currencies from Kitco.com:

I am buying more Citigroup in the < $5 range and adding to BYDDF below 9.20. Here are some of the prices: BYDDF 9.17; FVITF 2.52 (holding up very well); EXGMF 2.7645; CZHC (Czech Republic Resource Corp.) 0.1199; C 4.83; Gold down 10.30 to 1135.30; and Silver down 0.22 to 17.85; DOW down 62 to 11063.

Stay with gold and miners. I also like BYDDF and have bought CZHC @ 0.12.

Keep your focus and attention upon Jesus Christ who is our only way to an eternal life of bliss with our Sovereign God. We must live a Christ centered life to have peace which comes only from Him. Let us pray that He will turn our nation back to Himself.

Best to each, Doug





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