Thoughts on Markets

Thursday, July 29, 2010

Bully for Arizona's Sherrif - Gold - Silver - Dollar - Hecla Mining

The states must stand up to the Federal Government or we will all be enslaved. Citizens need the protection offered by the States under the Constitution. Let's join in support of Arizona and other states which are beginning to stand on the Tenth Amendment of the Constitution. Our lives may well depend upon it. 


Sheriff Joe Arpaio: I'll Enforce Arizona's Immigration Law

Read the article and see the video HERE.

The dollar has taken it on the chin of late with the Euro and other paper currencies moving upward.

From Chuck Butler of the "Now... I've told you for quite a few years that I believed that Gold and Silver prices were manipulated by the Big Boys... The list of people that believe that is growing by large numbers every day, but yet the CFTC (regulatory body) drags their feet... It disgusts me to no end..." The following graphs clearly show the manipulation two days ago before delivery date for July.


Some Mining Investors Are Already Witnessing Hyperinflation

Over the last decade, investors seeking protection from inflation have been accumulating gold and silver mining shares. Gold and silver have appreciated by more than 300 percent from their lows, so it would be logical to assume that mining shares have performed even better given their inherent leverage in earnings potential. Ironically, some of these investments have already suffered from their own hyperinflation in the form of share dilution. Just as governments have mismanaged their budgets and printed too much money; some mining companies have done the same to the detriment of their shareholders. HERE.


Hecla Mining Company Q2 2010 Earnings Call Transcript

Hecla Mining Company (HL) Q2 2010 Earnings Call July 28, 2010 1:30 pm ET  In the transcript, it is reported that HL experienced the highest cash flow in 100 years - Good news for Hecla HERE. 


Very bullish on long term gold price: Pierre Lassonde

Continued debt concerns and booming demand from China is likely to further bolster investment demand but, there is potential to see casino-level pricing

Investment in the gold sector is likely to continue for at least the next five to seven years, says Pierre Lassonde, Chairman of Franco Nevada and it will be good for yellow metal.
Speaking on's Gold Weekly podcast,(the full interview can be found here) Lassonde said, "We're still early in the pick up phase of what it means for gold - the place of gold as an investment in the spectrum of asset class and when you look at the money in circulation, when you look at the bond market which is in the trillions - 40 to 50 trillion - when you look at the equity market, another 30 trillion and when you look at how much gold represents out of all of that, we are almost at an historic low compared to the 1970s and 1980s.  So my view is that there's still a lot of legroom left in terms of the size that the gold market will fulfil in the investment spectrum. HERE.

SEC Says New Financial Regulation Law Exempts it From Public Disclosure Under a little-noticed provision of the recently passed financial-reform legislation, the Securities and Exchange Commission no longer has to comply with virtually all requests for information releases from the public, including those filed under the Freedom of Information Act. So much for Obama's full disclosure, open government. HERE.

Miners from

Currencies from

Some Current Prices: FVITF 1.99; TBT 37.16; SDS 32.85; TWWI 0.04; DOW off 77.95 to 10418; SPX off 10.52 to 1096; Gold off 0.40 to 1162.90; Silver up 0.04 to 17.51.

Keep looking up to King Jesus and work for the furthering of His kingdom. Rest secure in Him and in everything give thanks to Him, because He is working all things for His glory and the eventual good of His people. Praise Him daily.

Best to each, Doug


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