Thoughts on Markets

Tuesday, September 14, 2010

Gold & Silver Moving Upward - Miners following Strongly - Current Prices

Our precious metals are the news of the day. Both gold and silver are on higher ground and seem to have a real head of steam. Gold has hit a new intra-day high. These are significant moves. These will be well exceeded in the final Gold Rush. However, only King Jesus knows when this will come to fruition. We must keep our focus upon Him by studying His word. We can not know Him in any other way. We also need the fellowship and support of Christian brothers and sisters by regular attendance of  corporate worship.


From MineWeb.com:

In India, silver tops the charts

Though the price of silver has scaled to dizzying heights, investment demand in India is at the helm of the price fever. As the country celebrates the Ganesh festival, silver ornaments and coins fly off the rack. Silver at 20.25 this morning. India may be having some impact upon this, but I believe that silver will out perform gold in the blow off. HERE.

From MineWeb.com:

Gold mine cash costs continue to rise

Cash costs at the low end of gold mining cost curve are rising faster than those at higher cost mines but, gold miners are still benefitting from the strong gold price. Even gold is moving higher today. Read the article HERE

From MineWeb.com:

Management and structure key to investing in mining juniors

Rick Mills shares some of his criteria for investing in junior mining stocks where, he feels, the right management mix is vital in reducing investment risk. These are some good guidelines for investing in junior miners. HERE.

From SeekingAlpha.com:

Nothing Will Beat Gold (Except Silver), No Matter What the Professor Says
Is it true that the dollar, the yen and Swiss franc may be better investments than gold if the world economy slips back into recession? That’s the claim of New York University Professor Nouriel Roubini, famous for having predicted the US housing bust and subsequent recession more than a year before they happened. I do not hold to this belief, because of the reaction of central banks to such "calamities." There is no paper currency which will retain its value even during a recession/depression. I will concede that there could well be a temporary higher value on a paper currency, but the central banks of the world will be printing them on paper and in computer clicks to the extent that the paper will quickly lose its value and the end will be inflation as we have seen many times in the past. Gold and silver in the long run will be the better choice. Read it HERE.

From TownHall.com:

Thomas Sowell 

The Money of Fools

Seventeenth century philosopher Thomas Hobbes said that words are wise men's counters, but they are the money of fools.
That is as painfully true today as it was four centuries ago. Using words as vehicles to try to convey your meaning is very different from taking words so literally that the words use you and confuse you. This is an explanation of double speak and other confusing pronouncements. HERE.

From The Daily Pfennig (Pfennig@EverBank.com):
"Then there was this... Where do you stand on the tax cuts? Every U.S. taxpayer will be affected by the outcome of debate in Congress regarding whether to extend Bush-era tax cuts and credits scheduled to expire this year. Congress has a few options available, including extending all of the measures, letting them expire or continuing them with change, such as limiting their benefit to middle-income families. I'll say this, and be done with it... Tax cuts are great for you and me, AS LONG AS THEY ARE ACCOMPANIED BY SPENDING CUTS IN THE GOVERNMENT! The loss of revenue has to be offset by a reduction of spending... This is NOT what happened 8 years ago, and one of the reasons we have such a mess on our hands! And can we really depend on this administration to cut spending? I doubt it seriously, folks..." Certainly, a small part of the answer is tax cuts, but the rubber meets the road at spending cuts. Without this, nothing will help. Tax cuts should inspire the economy, but the specter of continued spending will kill the effect.

From TheStreet.com: 

The Truth About Gold and Silver ETFs
NEW YORK (TheStreet ) -- Silver and gold prices are on the rise, making physically backed exchange-traded-funds very tempting investments. Before you buy, here's what you need to know.  This is very important and should be read by all considering these ETFs. HERE.

 Miners from Scottrade.com:







Currencies from Kitco.com:

Some Prices: FVITF 3.08; SILA 0.75; TBT 32.79; DOW up 16 to 10560; SPX up 0.93 to 1122.72; Gold up 22.90 to 1267.90; Silver up 0.38 to 20.43.

Best, Doug

 

0 Comments:

Post a Comment

<< Home