Is this a correction? Miners - Gold - Silver - Fortuna

Folks,

Is this or is it not the expected correction. That, is the question. If not now, we must ask, not only when, but if there is to be one? If it is the correction, I will have buying opportunity. Possibly, you could, too, if you are set for it and need to add to your portfolio. Remember, "BUYER BEWARE!" The profit is made in the buying, and it is only realized in the selling. 

When I buy, I seek to acquire value at a good price. At times, I will also buy speculations which seem to offer a substantial opportunity for great profit. In those case, I try to balance the risk and reward. Often, it is wise to risk when the potential reward is very great.

The words of King Jesus in the Old and New Testaments provide all that is necessary for a life in concert with the will of God. In Micah 6:8, He says, "He has told you O' man, what is good, and what does the Lord require of you but to do good, to love mercy, and to walk humbly with your God." 

These are general, all encompassing guidelines for the Christian life. However, it is necessary to study all the law of God to see God's character, His will for us, and how we apply these guidelines in all of life. 

Remember, do not neglect corporate worship and fellowship with the people of God this Lord's Day. This is critically important!

From Reuters.com:

U.S. is currency war's "tomb maker"
China economistn a front-page commentary in the overseas edition of the People's Daily, Li Xiangyang described the United States as the conflict's "first maker of tomb figures", a Chinese idiom that means someone who creates a bad precedent. The currency war heats up. HERE.


From Bloomberg.com:

Dollar Touches 15-Year Low on Bernanke; Aussie Reaches Parity
The dollar touched a 15-year low versus the yen and an eight-month low against the euro after Federal Reserve Chairman Ben S. Bernanke said additional monetary stimulus may be warranted.
Australia’s dollar rallied to parity versus the greenback as investors sought higher-returning assets. The greenback was headed for a weekly drop against most of its major counterparts on speculation the central bank will debase the currency further by stepping up quantitative easing. The trend for the Federal Reserve and the Federal Government is to trash the dollar to the hurt of the middle class and reward the banks. This is continuing without an end in sight. HERE.

News on Fortuna (FVITF) from MineWeb.com:


Fortuna Silver expects strong Q3 production

The miner added that production at its flagship mine in Peru was on track to exceed estimates of 1.7m ounces in 2010. This is good news for our EverReady Bunny. HERE. Below is the WWW.StockCharts.com graph of Fortuna which is looking good.

From Bloomberg.com:

Swiss `Sissi' Breaks Through to World's Longest Rail Tunnel
This is an interesting trivia article about a breakthrough of the last 6 feet of rock by the drilling machine (Sissi) of a 37 mile rail tunnel. Of course, engineers will not think of this as trivia. However, I do not know how this will affect the U.S. dollar or my investments. HERE.

Miners from Scottrade.com: 

Currencies from Kitco.com:

Some Prices: FVITF 3.31; SILA 0.95; BULM 1.15; TLT 100.71 (Bonds off a bit); DOW off 51.11 to 11040+; SPX off 3.31 to 1170.5; Gold off 14.10 to 1367.10; Silver off 0.39 to 24.24.

Best to each, Doug