Thoughts on Markets

Thursday, September 16, 2010

Dollar Down - Gold & Silver Up - Foreclosures Up - GDXJ

Regardless of the markets, we rest assured that King Jesus is in control and working to bring all nations under His feet. He is out to conquer and conquering for the glory of His Father. Eventually, all nations will be ruling using His law-word as the basis for all governmental activity and national laws. That will be a glorious time! We should all work to the end of applying His law to every aspect of our lives. A Christian world and life view is the only way to permanent peace.


The precious metals market is heating up.  News is spreading. We are deep into the second phase and may be into the third phase sooner than expected. The boyz have not been as active in capping this time. Perhaps, they see the demand is very strong. Beware, they can act. After all, they have almost unlimited access to new dollars.


Swiss Franc is 0.9985. That is very close to par against the dollar. Shows that the dollar is losing much of its purchasing power. Even the Euro is above 1.31 against the dollar. Doesn't it make you very happy to be so involved in dollars? NOT! I would go to gold, silver, and miners.

From MineWeb.com:

Pension funds to invest more as global mining sector M&A heats up--PwC
A PwC briefing report says M&A activity in the global mining sector will soon resemble a ‘global arms race.'"  Interesting! Optimistic? I think not! HERE.

From Mineweb.com:

Gold and silver both underpriced - Chapman
Bob Chapman believes the world is headed for a single governing structure where gold and silver are commonly traded currencies. Gold report interview. I believe this is true, because the dollar and all paper currencies have lost purchasing power over time. It is only the intervention by governments and bullion banks which has kept a lid on the true currency value of the metals. HERE.

From Bloomberg.com:
 
U.S. Home Seizures Reach Record for Third Time in Five Months
U.S. home seizures reached a record for the third time in five months in August as lenders completed the foreclosure process for thousands of delinquent owners, according to RealtyTrac Inc.
Bank repossessions climbed 25 percent from a year earlier to 95,364, the most since the Irvine, California-based data provider began keeping records in 2005. Foreclosure filings, including default and auction notices, fell 5 percent to 338,836. One out of every 381 U.S. households received a filing, RealtyTrac said today in a statement. Where is the growing economy that is touted by our government? HERE.

From Kitco.com:

A.M. Kitco Metals Roundup: Comex Gold Higher, Notches New Record High

16 September 2010, 8:12 a.m.
By Jim Wyckoff
Of Kitco News

Comex gold futures prices are trading solidly higher Thursday morning and have hit a new all-time record high on keen speculative and technically related buying interest. December Comex gold last traded up $9.00 an ounce at $1,277.70. Spot gold was last quoted up $8.10 at $1,277.00. Gold & Silver marching higher. HERE.

From Kitco.com:

Thursday's Analytical Charts for Gold, Silver, Platinum and Palladium

16 September 2010, 09:22 a.m.
By Jim Wyckoff Of Kitco News  This provides some great graphs and instruction on using graphs. HERE.

From Bloomberg.com:

Gold May Reach $1,300 an Ounce After Rally to Record: Technical Analysis
Gold may climb to $1,300 an ounce in the next several weeks after rallying to a record, according to technical analysis by Commerzbank AG.  You can read and view this HERE.

Miners from Scottrade.com:
Currencies from Kitco.com: Note that gold is up against virtually all paper currencies.

Some Current Prices: FVITF 3.22 (The EveryReady Bunny keeps going, going); SILA 0.85; TBT 34.03 (Treasuries dropping); DOW off 14 to 10559; SPX off 3.46 to 1121.61; Gold up 5.40 to 1273.60; Silver up 0.08 to 20.68.

Best to each, Doug


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