Thoughts on Markets

Wednesday, July 28, 2010

War Against Texas - Important Audios & Videos today

From the Houston Examiner.com:

Los Zetas drug cartel seizes 2 U.S. ranches in Texas

In what could be deemed an act of war against the sovereign borders of the United States, Mexican drug cartels have seized control of at least two American ranches inside the U.S. territory near Laredo, Texas.

Two sources inside the Laredo Police Department confirmed the incident is unfolding and they would continue to coordinate with U.S. Border Patrol today. “We consider this an act of war,” said one police officer on the ground near the scene. There is a news blackout of this incident at this time and the sources inside Laredo PD spoke on the condition of anonymity. . . . The Los Zetas drug cartel is an offshoot of the elite Mexican military trained in special ops. The mercenary organization is said to include members of corrupt Mexican Federales, politicians as well as drug traffickers. The group was once part of the Gulf cartel, but has since splintered and now directly competes with the Gulf cartel for premium drug smuggling routes in the Texas region.
This is serious business. Mexican drug cartels are at war against Texas and the United States. Think impeach the president unless he acts with military action. HERE.

From TheAge,com:

Time for gold bulls to feel a little fear

Nearly three years of fear and loathing have been very kind to gold bugs as worry about financial crises helped drive investors into the alleged safety of the yellow metal, whereupon the gold price rose further because the gold price was rising – the momentum players chiming in.
But there are signs that the tide of fear might be about to turn – an event that would be precipitous for the gold price and all who ride on her. It could be the gold bulls' turn to feel fear as pain instead of pleasure. Read it HERE.

From SoundMoneySoundInvestments.com:

Banks have always hated gold


Monday 26 July - 

As the gold bull market progresses year after year, it has become easier for investors to ‘get exposure’ to gold. Gold futures, certificates or exchange traded funds (ETF) have all grown in popularity. But as I constantly tell my Members, having exposure to gold and owning the physical metal are two entirely different things.

Gold is an insurance policy against something going wrong in the world’s monetary system. When you buy insurance you want to make sure the policy will pay out. Other methods of owning gold include counterparty risk, which physical gold ownership does not entail. Having counterparty risk diminishes the chances of your gold policy paying out. Read it HERE.

From The New Yorker via ReaderSupportedNews..com: This video is worth a listen HERE.

From MineWeb.com: Hear the Podcast HERE.

From MineWeb.com:

Short sellers drive down gold again

Short selling ahead of the August options expiry date seems to have contributed to a nearly 2% sell off in gold yesterday before the price steadied at the $1,160 level
Read it HERE.
















 
From Reuters.com:

ECB-Gold reserves down by 123 mln euros in wk

July 27 (Reuters) - Gold and gold receivables held by euro zone central banks fell by 123 million euros to 351.97 billion euros in the week ending July 23, the European Central Bank said on Tuesday. HERE.


From Telegraph.co.uk:

World splits in two as East tightens while West stays super-loose

India has raised interest rates and issued a stark warning on inflation dangers, joining China, Brazil, and other tiger economies in concerted moves to tighten policy. 

The central bank raised its reverse repo rate a half point to 4.5pc, still far below the level of inflation. Food prices have been rising at 16pc.
"Inflationary pressures have exacerbated and become generalized. Real policy rates are not consistent with the strong growth that the economy has been witnessing. It is imperative that we continue to normalise our policy," said the bank, which also raised its repurchase rate a quarter point to 5.75pc. It seems that the East is more conservative by taking the correct action and letting the market handle the financial crisis. Of course, they are still intervening, but their intervention is more attune to the market. Read it HERE.

From CNBC.com: See & hear it HERE.

From TheDailyPfennig.com: "I saw this on YAHOO Finance... A U.S. audit has found that the Pentagon cannot account for over 95 percent of $9.1 billion in Iraq reconstruction money. The $8.7 Billion in question was Iraqi money managed by the Pentagon, and not part of the $53 Billion that Congress allocated for rebuilding...

The report by the Special Inspector General for Iraq Reconstruction accused the Defense Department of lax oversight and weak controls, though not fraud.

"The breakdown in controls left the funds vulnerable to inappropriate uses and undetected loss," the audit said.

Chuck again... No fraud? What, did they forget to take their rose colored glasses off before entering the audit room?" Thanks for this heads up report., Chuck. More waste by Defense. More of business as usual with the Federal Government!

Miners from Scottrade.com:

































Currencies from Kitco.com:



















Some current prices: FVITF 2.0504; DIA 105.17; BYDDF 6.85; TBT 37.24; SDS 32.08; Gold off 3.50 to 1158.40; Silver off 0.18 to 17.46; DOW off 30 to 10508. One would expect the DOW to be off after the big run up of this week.

It is always interesting to see what the Lord unfolds for us in the market place. He is in control, so we must seek His advice in all areas of life. It is important to have His world and life view and live in it every moment of every day. Nothing in the world is neutral. All is either of God and giving Him the glory or it is of Satan. Think about this in dressing, watching TV, listening to music, games you play, thoughts you have, eating, etc. Do all to the glory of God. His people strive to do this and with the help of the Holy Spirit, they not only desire to please Him, but are given the power to serve King Jesus for the furtherance of His kingdom.

Best to each, Doug

0 Comments:

Post a Comment

Links to this post:

Create a Link

<< Home