Gold & Silver UP as is the DOW

Both gold and silver are up quite strongly this morning:

From FOX News: 

Texas, 8 Other States Back Immigration Law

Published : Thursday, 15 Jul 2010, 4:11 PM MDT

Associated Press

DETROIT - States have the authority to enforce immigration laws and protect their borders, Michigan Attorney General Mike Cox said Wednesday in a legal brief on behalf of nine states supporting Arizona's immigration law.
Cox, one of five Republicans running for Michigan governor, said Michigan is the lead state backing Arizona in federal court and is joined by Alabama, Florida, Nebraska, Pennsylvania, South Carolina, South Dakota, Texas and Virginia, as well as the Northern Mariana Islands. The Federal Government has totally failed to enforce immigration laws and ignored the damage done to U.S. by illegals. It has also ignored the buildup of drug cartels arming our borders. Thus, the states must take a stand. These are but baby steps but should be encouraging to each of us. We the people must push the states with more diligence to have them take their correct interpositional place between the citizens and the Feds. Read it HERE.

The McAlvany Weekly Commentary: Did you know that within ObamaCare is a provision that will call for the SSAN and a Form 1099 for each and every $600 purchase next year?  HERE.

From KingWorldNews.com:

The Gold Bull Will End In A Mania

This is a short, but interesting article which shows the mania which should come with the 3rd stage of the gold bull market. HERE. 

From  NewsMax.com:

Study: Cap and Trade Could Cost 1.9 Million Jobs Read it HERE. 

Here are some interesting graphs of GLD and two of my core holdings: GLD is looking temporarily stronger. This could be a hint of what is to follow this Fall. Gold should be galloping forward in the Fall without more intervention by the boyz, but it is not wise to write them off completely. We would look forward to more announcements from central banks buying of gold. There could even be some setbacks by some selling, but I expect more rhetoric than selling by the banks.

 Fortuna Gold is one of my holdings which I value as a core and look to buy more in the future. It remains in a very narrow trading range which is tempting at the lower side of the range.

Another favorite in my portfolios is Hecla Mining. This is also putting in a good showing at present. Silver has to catch up with gold at some point in time, so I am betting on silver shining brightly in the not too distant future.

 The miners from Scottrade.com:

 The currencies from Kitco.com:

Some current prices: FVITF 2.0206; SDS 32.90; SSG 15.16; TBT 35.48; DOW up 223 to 10343; Gold 1198.60 up 12.50; Silver 18.17 up 0.49.

The markets still tend to confuse, but we rest assured in the fact that our Sovereign King Jesus is in firm control of all including the markets. Thus, we are at peace.

Best to each, Doug