Thoughts on Markets

Wednesday, September 15, 2010

Gold - Silver - Miners - Currencies - HL - FVITF - DROOY

Gold and Silver are sprinting ahead. The move has been too fast unless, as I doubt, this is the final blow off. I believe it is a bit early for the actual gold rush, but it is difficult to judge. This is the historically upward season for the metals. Folks, we may be in for a correction with one of the last buying opportunities we may have. If the boyz step in and cap again, I will be moving to buy. Of course, I still have a good deal of core holdings in the metals minors.

In time the Lord will reveal what His plans are. In the meantime, we are to rest and trust in Him. This is prudent, because He controls all. King Jesus is moving through His church to bring all under His dominion and then He will present all to the Father at the end of temporal time. Then the judgment from which there is no appeal. Do not delay seek Him diligently, and intelligently through His Scripture.

Now to the news and markets.

From MineWeb.com: 

Nine main reasons to push gold, and silver, higher and higher  
Gold at $1,500 perhaps this year, and $2,000, $3,000, or even $5,000 in the years ahead - and silver outperforming gold are Jeff Nichols' conclusions in a recent speech in Thailand. This is an interesting read. HERE.

From MineWeb.com:


Investment to power gold higher over the next few months - GFMS
But the picture is not uniformly bright, with a poor outlook for jewellery fabrication. Consumers' price expectations have shifted, though, and any substantial price correction could bring a surge in demand, reinforcing the price floor. As I have been saying for some time, the high demand is evident each time the boyz jumped in with a new cap. HERE.

From MineWeb.com: 

Silver taking investor precedence over gold as GSR breaks downwards?
A feature of the recent movement in precious metals prices is that silver has been perhaps more in demand than gold and the gold:silver ratio has fallen back a couple of points. I tend to prefer silver for two reasons: (1) It is lagging behind gold and should catch up at some time. and (2) It is at a price which is more accessible by those with moderate investment funds. HERE.
From MIneWeb.com: 


Surging gold prices spark gold fever in American mom and pop prospectors
The poor economy in the US and the record prices for gold have renewed interest in gold prospecting in Western states. Gold is receiving a great deal more emphasis in the general media, and this is having the expected impact. HERE.

From Bloomberg.com: 

Production in U.S. Cooled in August as Automakers Scaled Back
Production in the U.S. cooled in August as automakers scaled back following a surge in output the prior month.
Industrial production increased 0.2 percent last month after rising 0.6 percent in July, figures from the Federal Reserve showed today. Factory output climbed 0.5 percent excluding autos, the most since May. WOW! Does this mean that we have been fed lies about the rebounding economy? Our government would never lie would it? HERE.

From Bloomberg.com:

Gold Rallying to $1,500 as Soros's Bubble Inflates
Investors are accumulating enough bullion to fill Switzerland’s vaults twice over as gold’s most- accurate forecasters say the longest rally in at least nine decades has further to go no matter what the economy holds.
Analysts raised their 2011 forecasts more than for any other precious metal the past two months, predicting a 10th annual advance, data compiled by Bloomberg show. The most widely held option on gold futures traded in New York is for $1,500 an ounce by December, or 18 percent more than the record $1,266.50 reached June 21. Is this the beginning of the 3rd phase? I thought is would be later, but I really do not know. It could be, but I have my doubts at this point. HERE.

From OnLineWSJ.com:

The 1099 Insurrection
The White House fights an effort to ease a burden on small business.
You might not have seen it reported, but the Senate will vote this morning on whether to repeal part of ObamaCare that it passed only months ago. The White House is opposed, but this fight is likely to be the first of many as Americans discover—as Nancy Pelosi once famously predicted—what's in the bill.  This would be a great blessing. We must pray that it passes with overwhelming support. HERE.

From Kitco.com:

Gold Holds Value Free From Default Risk—Faber

13 September 2010, 12:02 p.m.
By Allen Sykora
Of Kitco News

Gold is the one financial asset for which investors do not have to worry about a default or bankruptcy, making it attractive in times of financial uncertainty and the rising geopolitical tensions that may be coming, investment analyst Marc Faber says. When Faber speaks, investors should listen. HERE.

Here is our EverReady Bunny, again. Fortuna is showing a lot of life. It is a core holding for me. This is a technically strong graph.
































Here is one of my older core holdings. DRD Gold has moved to a more conservative and less costly type of operation as recent news has revealed. Hopefully, this will make it a real winner. I will let you know when I buy it again.
Hecla Mining is one of my major core holdings and it is performing particularly well as the price of silver is moving upward. 










The Miners from Scottrade.com:

The Currencies from Kitco.com: Notice that the Swiss Franc has moved to almost par with the Dollar.












Some Current Prices: FVITF 3.15; SILA 0.78; TBT 32.88; DOW up 14 to 10541; SPX down 1.84 to 1119; Gold even at 1268.70; Silve up 0.07 to 20.55Be

Make it a good day of all the best things, Doug




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