Gold & Silver Down, but not out! DROOY - HL - Miners - Currencies

Folks,

There is news on DROOY and HL today. Be sure and read those two articles. Both gold and silver are down from recent highs, but both are holding at nice levels now. Each is showing resiliency. We could have another buying opportunity. I will report by email any activity on my part. You consider your position and make your own decisions. 

As I have mentioned in the past Proverbs 16:3, "Commit your works to the Lord, and your thoughts will be established." Your works must follow the way of the Lord for them to be firmly established by Him. Of course, He does not always provide exactly what we sought, but often provides a different result to redirect our paths in His way. We can only know His way as the Holy Spirit reveals it to us in His written word. Therefore, we must diligently study the word of God and prayerfully seek the teaching of the Holy Spirit to put us firmly on the path that our Lord King Jesus desires for us to follow. This is import!

 An update on DRD Gold (DROOY) from MineWeb.com:

DRDGold reports 6% rise in Q1 production

The South African gold junior said it expects to see continued strength in the gold price but remained cautious about rising costs. HERE.

Pod cast from MineWeb.com:

Gold, China and QE: Brian Hicks, US Global Investors

US Global Investors' Brian Hicks explains the impact of China's interest rate rise, QE and why they are still positive on gold over the next 18 months. HERE.

From GATA.org:

Speculators Polish Up the Price of Silver
By Jack Farchy
Financial Times, London
Wednesday, October 20, 2010

"Almost anything is better than paper money. ... Any fool can run a printing press." Around the world they are running the printing presses 24/7. Read it HERE.

From MineWeb.com:


Gold steadies above $1,340 as dollar pulls back

Waning investor interest in the metal was offset by dollar weakness ahead of an important G20 meeting. Gold is holding fairly well in spite of the drop this week. HERE.

News from Hecla Mining (HL) from Kitco.com:CEO:

Hecla Mining Co. Has Potential To Grow Via Exploration Or Acquisition
20 October 2010, 03:05 p.m.
By Allen Sykora
Of Kitco News

(Kitco News) -President and chief executive officer Phillips S. Baker Jr. figures each of Hecla Mining Co.’s four properties has the potential to yield a major discovery that could significantly boost the company’s silver reserves.
Furthermore, the company’s profitable operations in recent years also have put Hecla in a position where it could grow through acquisitions, if it so chooses, he said. HERE.

Miners from Scottrade.com:

Currencies from Kitco.com:

Some Prices: FVITF 3.31; BULM 1.07; SILA 0.88; DOW up 89+ to 11197+; SPX up 9.58 to 1187.75; Gold down 1.40 to 1344.70; Silver up 0.03 to 23.96.

Best to each, Doug