Thoughts on Markets

Wednesday, September 01, 2010

Big Brother Can Monitor Your Car - Gold & Silver Higher - DOW Off & Running

Below, you can see that both gold and silver are at higher price levels, but there is suspicious activity again which is capping both.



Gold and Silver Market Suppression Failures Flash Buy Signal
In Part 1 of this 5-part series, we discussed two agreements that Central Banks used to suppress the price of gold in the marketplace. Please read Part I before proceeding with this article.
So do the Central Banks still have gold?

What about the US gold stocks? HERE.

From The Daily "But first, we go front and center this morning so I can tell you that Australia printed a moon-shot 2nd QTR GDP report, that has the Risk Aversion campers running for cover this morning. All currencies, except the risk aversion currencies of dollar, yen and francs, are getting sold, and the A$ has gained 1 1/2-cents!

So, since the Aussie GDP report is what kicked sand in the face of the risk aversion campers, I thought we would spend a minute or two reviewing the report. Aussie GDP grew at the fastest pace in 3 years, during the 2nd QTR, and when you compare it to last year's 2nd QTR, it's a moon shot! 2nd QTR GDP grew 1.2% (vs. a forecast of .09%), with domestic demand very strong, and exports of iron ore and coal to China highlight the report." This really shows that China is on the rocks. NOT! The Chinese economy is moderating, but not on the rocks. Russell thinks that the Chinese are accumulating gold to eventually back their Renminbi to make it the world preferred, if not reserve currency. This could well be true. China is on a buying spree seeking commodities.


Gold in September - Frank Holmes : CEO, US Global Investors
As the world enters what is historically a very good period for gold, Frank Holmes takes a look at the reasons why this year should be just as good, if not better
Hear the Ipod message HERE.


Silver and gold showing upside promise and still the best safe havens
With gold and silver steadily moving up in price and looking perhaps to test a new high in the next week or so as the holiday season ends, the serious downside risk looks relatively limited. Read it HERE.


A.M. Kitco Metals Roundup: Comex Gold Higher, at 2-Mo. High, on Safe-Haven, Technical Buying Interest
Comex gold futures are trading higher Wednesday morning, hitting another fresh two-month high on safe-haven and technically related buying interest amid a weaker U.S. dollar. Prices are now within striking distance of the all-time record high scored in June. December gold last traded up $5.10 an ounce at $1,255.40. Spot gold was last quoted up $6.10 at $1,254.25.
Investors worldwide are once again focusing on owning more gold amid worries that upcoming economic data will show more weakness--namely Friday's U.S. jobs report. Also, the months of September and October have historically seen more turbulence in the stock, financial and currency markets, which is also an underlying supportive factor for gold. HERE.


Junior Miners in the Sweet Spot
Even as the uncertainties in the stock markets are very worrying, there is a segment in which the prospects are looking quite bright. Gold and Silver miners are setting up to make higher price moves together with the commodity prices rising this Fall according to Jeb Handwerger in his latest article. To take advantage of this possible precious metal price movement upwards, there is also a conceptual sweet spot in the development of a mining project that you should be aware of. A company that is situated in the sweet spot may be able to move more aggressively than is typical. Interesting insight HERE.


The Government Can Use GPS to Track Your Moves
Government agents can sneak onto your property in the middle of the night, put a GPS device on the bottom of your car and keep track of everywhere you go. This doesn't violate your Fourth Amendment rights, because you do not have any reasonable expectation of privacy in your own driveway — and no reasonable expectation that the government isn't tracking your movements. HERE.

Miners from

Currencies from

Some Prices: FVITF 2.592; GBG 2.14; SILA 0.81; GDXJ 30.81; TBT 31.429; DOW up 222 to 10236; SPX up 25 to 1075; Gold up 0.20 to 1247.90; Silver down 0.04 to 19.34.

Another exciting day in the markets. DOW was over sold and due for a bounce for the time being. The precious metals have pushed upward very rapidly as we move into the Fall season. This is expected, but there could be a correction in the near future. However, remember we are in a gold and silver bull market which is firmly in place. I am looking forward such an opportunity to commit more cash. 

We must turn back to the Bible as the ONLY standard for judging the pagan world in which we live. It is imperative to develop a Christian world and life view. Else, we become pagans ourselves as we are deceived by the world and question the validity of the Bible. The Bible is not important, because it is well written. Rather, it is important, because its author was the Creator God Jesus Christ through men who were led by the Holy Spirit to write His words. It is our central and essential rule for all of life. To ignore this and neglect a detailed study of the Bible is to deny the central importance of God, Himself.

Best to each, Doug


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