Thoughts on Markets

Tuesday, April 27, 2010

Greece - Arizona Protects Borders - Feds are destroying the Constitution

Below is a graph which traces a gold versus silver. Silver is winning the race for the time being. Note the narrow trading range which begins in late March and continues through April. Thus, it appears that silver will be catching up percentage wise with gold and surpassing it.

The graph, below, is of one of my favorite silver miners, Fortuna. The graph does not present a healthy picture. However, I have been buying FVITF around 2.30. It has performed well, but is being hit along with all the miners at present.
From Chuck Norris in

Lambs to the Slaughter, Part 1

Right now, Washington is scheming and scamming to erode and then erase the Second Amendment from our Constitution. And it will accomplish it through the signing of international treaties on gun control, bypassing the normal legislative process in Congress, tightening regulations upon firearm and ammunition manufacturers, using the anti-gun financing of tycoons and ultimately confiscating all firearms under the guise of terrorism patrol and enforcement. Without public debate and cloaked in secrecy, gun control covertly will come upon us like a thief in the night. One day, we will wake up to discover that the U.S. has signed a global treaty that will prohibit any transfer of firearm ownership, force reductions in the number of firearms privately owned and eventually eradicate the planet of guns for law-abiding citizens. Of course, the criminals still will have their guns illegally. And on that day, if you do not comply with that global treaty, you will be fined and face imprisonment. This is not a fictitious story or false warning. As sure as government health care has been shoved down our throats, so will the barrels of our guns. And left with little defense, we will go as lambs to the slaughter. Read it HERE.


Merkel says Greek bailout should proceed only if euro in jeopardy

Greek Prime Minister George Papandreou's request for an EU-IMF relief package worth €45 billion met resistance from German Chancellor Angela Merkel, who said aid should only be offered if the stability of the euro were at stake. Read it HERE and see the video.


Will Goldman Sachs prove greed is God?

So Goldman Sachs, the world's greatest and smuggest investment bank, has been sued for fraud by the American Securities and Exchange Commission. Legally, the case hangs on a technicality.

Morally, however, the Goldman Sachs case may turn into a final referendum on the greed-is-good ethos that conquered America sometime in the 80s – and in the years since has aped other horrifying American trends such as boy bands and reality shows in spreading across the western world like a venereal disease. Read it HERE.


More American Expatriates Give Up Citizenship

WASHINGTON — Amid mounting frustration over taxation and banking problems, small but growing numbers of overseas Americans are taking the weighty step of renouncing their citizenship.

“What we have seen is a substantial change in mentality among the overseas community in the past two years,” said Jackie Bugnion, director of American Citizens Abroad, an advocacy group based in Geneva. “Before, no one would dare mention to other Americans that they were even thinking of renouncing their U.S. nationality. Now, it is an openly discussed issue.” Read it HERE.

WOW! How many times, I have thought about leaving America during the last 40 years. If I could have moved my whole family and found employment for my children, we would have gone. However, God seems to want us all here.

America is a for more immoral country than it was during the early years, and even during the 1940s and 1950s. We seem to have lost all vestiges of statesmanship and are saddled with politicians interested only in power and perpetuating their plush time in office.

From Ed Steer's Daily Gold and Silver Report: "When half of the people get the idea that they don't have to work because the other half is going to take care of them, and when the other half gets the idea that it does no good to work because somebody else is going to get what they work for... that, my dear friend, is the beginning of the end of any nation. - Author Unknown

This is a great quote for today. That is our situation in the welfare state of America led by communist fascist.


Whose Country Is This?
by Pat Buchanan

With the support of 70 percent of its citizens, Arizona has ordered sheriffs and police to secure the border and remove illegal aliens, half a million of whom now reside there.

Arizona acted because the U.S. government has abdicated its constitutional duty to protect the states from invasion and refuses to enforce America's immigration laws. Read it HERE.

Another state steps up to protect itself when the Federal Government fails to do so. The White House and democrats love to have the illegal aliens as voters for re-election.


Central Bank gold sales almost non-existent

Central Bank gold sales under the new sales agreement, CBGA3, remain extremely low and may help support gold price fundamentals along with rising jewellery demand and falling scrap sales.

The latest figures for Central Bank gold sales assimilated by the World Gold Council (WGC), show that since the start of the latest Central Bank Gold Agreement (CBGA3) last September, Central Banks have only sold 7.2 tonnes of gold in total (this includes IMF sales). Indeed things appear to have slowed down to a minute dribble from the Central Banks themselves as the IMF sold 5.6 of the 7.2 tonnes while to date the most significant Central Bank seller has been Germany with a total of 0.9 tonnes - hardly market-impacting levels. Read it HERE.

Many of the Central Banks are buying not selling gold these days.

Miners from

Currencies from

Some current prices: BYDDF 9.35; FVITF 2.25; EXGMF 2.8045; TBT 46.13; Gold up 9.20 to 1162.20; Silver up 0.06 to 18.34; DOW down 60 to 11134.07.

Folks, We need to be down on our knees before the Sovereign God of all. Those in power in our nation at moving us more toward a dictatorship than many realize. They are well beyond socialism to communism by taking over more and more of private businesses (auto manufacturing, banking, and health care). The next step is to remove our right to self-defense by disarming the law-abiding citizens, then the complete subjugation of the population.

Do you think the military would blindly obey orders to imprison law-abiding citizens? They certainly would if they have been dumbed down to that extent. Perhaps, the movement within the military by some to honor the Constitution that all military have sworn to up hold. We must pray that this movement will expand to protect us.

However, we must repent as a nation before God destroys America as He has previous nations who failed to recognize His Sovereignty and providential protection. Let us give Him the honor for the many blessings He gave to the early America. We are still receiving many blessings due to His providence. We are running out of the blessings as we ignore Him.

Praise Jesus Christ for His protection of the past and for continued protection and long term blessings upon His people.

Best to each, Doug


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