Thoughts on Markets

Friday, July 23, 2010

Obama & Democrats Want to Control the Internet - Markets Drifting

From Techworldnews:com:

Obama 'Internet kill switch' plan approved by US Senate panel

President could get power to turn off Internet

A US Senate committee has approved a wide-ranging cybersecurity bill that some critics have suggested would give the US president the authority to shut down parts of the Internet during a cyberattack. Just when you think that things could not get any worse, Obama and the Democrats strike again. Big Brother is on a rampage. Think of the ramifications of such an action. Millions of people pay bills and do business by Internet. Think of the damage to the Gross National Product and the total economy. Think of the cost to the Federal Government of enforcing such a bill. Read it HERE.

From MineWeb.com:

BMO foresees upside in commodities' prices after anxious summer

BMO expects commodities to rally and perform quite well due to continued strong growth in China and ongoing recovery in the western world in the next 18 months.
Read HERE.





























From MineWeb.com:

Gold moving towards global reserve status - Gartman

As eceonomic recovery begins quietly, so gold is likely to stay in a tight range till year end but, changes are afoot
HERE.

From MineWeb.com:

North American gold miners expected to produce bumper profits

Analysts expect North American gold miners to benefit from record-high gold prices but, gains could be capped by weakening prices achieved for by-product metals like copper and zinc
HERE.

From SeekingAlpha.com:

New AdvisorShares ADR Picking ETF Minds the Fundamentals

The ETF universe just got a little bigger with the addition of a new actively managed ETF, which also happens to be the first of its kind. HERE.

From Investors.com:

The Tax Tsunami On The Horizon

Gold and paper are forever at war with each other. Throughout the centuries, they have waged many battles. Each of these battles has produced an outright winner and a decimated loser. This is best illustrated by the Dow/Gold ratio chart, which quite simply, is the price of the Dow Jones Industrial Average (paper), divided by the U.S. dollar price for an ounce of gold. The level this Wednesday, July 14, 2010 stood at 8.54. This article is long, but has good graphs. HERE.

 Miners from Scottrade.com:

Currencies from Kitco.com:

Some current prices: FVITF 2.0499; BYDDF 6.76; SDS 32.96; SSG 15.35; TBT 35.88; Gold -3.20 to 1191.30; Silver +0.05 to 18.16; DOW +31.41 to 10352; S&P +1.91 to 1095.65.

It is early in the day and it will be interesting to see where we go from here. Of course, God remains in control and our task is to see where He is taking us and to rejoice at all times in Him. Praise Him daily.

Remember that it is our duty to join in corporate worship of the Sovereign God each and every Lord's Day. Never neglect this responsibility.

Best to each, Doug

 

 

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