Israel to Attack Iran?? Precious Metals & Miners are Holding Well

From NewMax.com:

John Bolton: Russia's Loading of Nuke Fuel Into Iran Plant Means Aug. 21 Deadline for Israeli Attack

News that Russia will load nuclear fuel rods into an Iranian reactor has touched off a countdown to a point of no return, a deadline by which Israel would have to launch an attack on Iran's Bushehr reactor before it becomes effectively "immune" to any assault, says former Bush administration U.N. Ambassador John R. Bolton.

Once the fuel rods are loaded, Bolton told Fox News on Friday afternoon, "it makes it essentially immune from attack by Israel. Because once the rods are in the reactor an attack on the reactor risks spreading radiation in the air, and perhaps into the water of the Persian Gulf."  More saber rattling for Iran. Will this be the next war for Obama? Wars help expand control of citizens. Read it HERE.

From MineWeb.com:

Gold attractive in deflationary environment
History shows that gold performs well in a deflationary environment. Deficit spending puts downward pressure on the dollar, and when the dollar falls, investors tend to turn to gold. HERE.

From MineWeb.com:

Harmony Gold reduces loss, expects better 2011

Although reporting a narrower loss for the quarter, the gold miner failed to meet expectations as a result of higher operating costs. But, the group remains bullish on both the gold price and output.

This is an article on one of my core holdings. The news appears to be positive, so I am pleased. HERE.

Here are our precious metals 24 Hour Graphs. Notice that both are a bit higher and holding well.

Miners from Scottrade.com:

Currencies from Kitco.com:

Some current prices: FVITF 2.21 (off a bit today); TLT 104.42; DOW up 88.89 to 10390.98; SPX up 11.75 to 1091; Gold up 0.80 to 1226.30; Silver up 0.17 to 18.58. Mostly coasting today. Not much excitement so far.

Hopefully, we will not see an expansion of the Mid-East War, but it seems to get every more likely. Governments have used wars to divert citizens eyes away from domestic troubles. Governments seem to prefer war to gain more power and to drastically alter situations.

We must earnestly pray to God to bring us statesmen to guide governments into His way. Without men in positions of power submitted to the Sovereign God, the people always suffer. There are almost none such men on the horizon. However, King Jesus can raise up men to govern under His law. That is our greatest need. 

Best, Doug