Thoughts on Markets

Wednesday, April 28, 2010

Gold Higher - Free Market - Rumors of Iran War

Silver performance a bit ragged, but it is still holding near 18.

Gold seems to be off and running, but the miners are lagging behind which casts doubts on the shorter term. Gold remains solidly in a long term bull market. It remains with silver a sound way of preserving wealth in a world of unbacked paper currencies.


Salt Tyrants
by Walter E. Williams
Here's how my June 14, 2006 column started: "Down through the years, I've attempted to warn my fellow Americans about the tyrannical precedent and template for further tyranny set by anti-tobacco zealots. ... In the early stages of the anti-tobacco campaign, there were calls for "reasonable" measures such as non-smoking sections on airplanes and health warnings on cigarette packs. In the 1970s, no one would have ever believed such measures would have evolved into today's level of attack on smokers, which includes confiscatory cigarette taxes and bans on outdoor smoking. The door was opened, and the zealots took over." Read the entire article HERE.

Walter Williams gets to the salt early on, but one must read further.

Everyone Prospers With Free Trade
by John Stossel

Trade is win-win. Two people trade only because each values what he gets more than what he gives up. That's why in a store both customer and clerk say, "Thank you."

At the international level, trade is also win-win because it allows countries to specialize in what they do well and trade the extra for things they don't make as well. When free trade is unmolested, the world is richer and has more choices. Read it HERE.



Pro-gold investment attitude may run for years - CPM

CPM Group's latest Gold Yearbook suggests gold has "solidified its a premier and exceptional financial asset to provide protection against a host of financial, economic and political problems."

Author: Dorothy Kosich
Posted: Wednesday , 28 Apr 2010


In their Gold Yearbook 2010 released to the public Tuesday, New York-based CPM Group says gold prices appear likely to remain high and strong in 2010.

Whether or not gold prices continue to rise in the future will depend on whether investors remain sufficiently concerned about economic and financial conditions to continue to buy large volumes of gold.

However, CPM Group expects investment demand for gold to remain "at high levels during 2010, and, in fact for years to come." Read it HERE.


Gold investment demand stays strong. Price climbs as markets dive.

With the SPDR Gold Trust reporting another record, gold broke through the $1162-64 resistance level despite rising dollar and falling stock prices.

Author: Lawrence Williams
Posted: Tuesday , 27 Apr 2010


As we noted here in the past the real key driver for gold demand over the past year or so has been in the investment sector as the yellow metal has started to gain ground as an integral part of a general investment strategy, rather that the preserve of those seen by some as a bunch of fanatics - otherwise known as gold bugs. Indeed in recent years it is the gold bugs who have done best. True gold may not have risen as fast as some other markets over the past few months, but it remains one of the very few assets still trading at a higher level than before nearly all other sectors went into meltdown in 2008. Read it HERE.


Harrisburg, Pennsylvania, Council Told to Consider Bankruptcy

By Dunstan McNichol

April 27 (Bloomberg) -- Harrisburg, Pennsylvania, which has missed $6 million in debt payments since Jan. 1, should consider seeking Chapter 9 bankruptcy protection, City Controller Dan Miller told a three-hour special committee hearing. Read it HERE.

I would suggest that there is much more of this in our immediate future. It seems that states would begin to insist that the Federal Government obey the 10th Amendment. If you don't know what that is, read the Constitution. We need the states to stand up between the citizens of the individual states and the Federal Government or we will all be bankrupt slaves.

Miners from

Currencies from

Here are some opening prices: BYDDF 9.13; FVITF 2.23; EXGMF 2.756; TBT 46.27; GDXJ 20.24; Gold off 4.40 to 1164; Silver off 0.25 to 1163.80; DOW up 29 to 11020.

Heard any good rumors about Israel attacking Iran or US declaring war on Iran? There are some around. So far, they appear to be only rumors; however, wars are often used to hide political problems at home.

I am glad that we can trust King Jesus to see us through any problems to finally arrive at our destination of internal life with Him forever. Remember all things work together for the present and final good of His people.

Best to each, Doug


Post a Comment

<< Home