FVITF approaching $4 - Australian $ at Par w/US - Expect Volatile Day in Markets

 The eyes of the world are on the U.S. election today. I am going to vote, but I hesitate every time, because voting gives credibility to a bankrupt system which provides us with options selected for us by the insiders. We get to chose between Tweedle Dumb and Tweedle Dee, neither of which we would select given a better opportunity. Basically, I will be voting against the incumbents for the most part. I really hate having to vote for the lesser of two evils, but that is our choice. That's the American way without sound Christian statesmen in the races.


"How long O' Lord," will this abominable situation continue? We must urgently pray for a return to Biblical world and life view for all Christians, families, and churches.

The big news on currencies overnight were the rate hikes by India and Australia. Both were to contain the growing inflation. It is becoming apparent that the Asian economies are growing while the West and Japanese are not. Thus, we should expect more growth from Asia as we longingly look to that area of the world for growing world leadership. The Austrian Dollar is par to the U.S. for the first time.

From MineWeb.com:
How to handle investment in a long-term gold bull market
An analysis of the current long term gold bull market and notes on investment in and monitoring it. This is a fairly good assessment of the gold bull market showing that it likely has a much longer way to go before John Q Public climbs aboard. I also like his recommendations about tracking it using the ETFs on gold, silver, and miners. Good Ideas! HERE.

From MineWeb.com:
Gold/silver ratio falls as silver outperforms gold

Silver's penchant for outperforming gold in a precious metals bull market has come to the fore again with the silver/gold ratio continuing to fall. The gold/silver ratio is another item to follow. HERE.

From MineWeb.com:
Silver investment is breaking records in 2010--Silver Institute
Recent data gathered by the Silver Institute reveals record silver investment, as well as soaring bullion coin demand. HERE.

From MineWeb.com:

Silver price manipulation hard to prove despite Hunt Bros precedent 

Court case allegations of fraudulent silver price manipulation by major banks is going to be hard to prove. There also seems to be a massive cover up by the elites and banking industry. HERE.

From MineWeb.com:

Silver hits $25, Sprott lists new physical silver fund 

A new Sprott physical silver fund which is looking to hold some 500 tonnes of the metal has been launched on a day silver briefly broke through $25. HERE.

From MineWeb.com:

Harmony Gold has profitable quarter, bullish on gold price 

South African gold major, Harmony. saw a return to profit in the September quarter despite lower gold production and higher unit costs. HERE.

Harmony is one of my core holdings. It has performed well except for the times of strikes and injuries to miners. 

Miners from Scottrade.com:

Currencies from Kitco.com:

Some Prices: FVITF  3.9131 (WOW!); SILA 0.78 (Ouch); BULM 0.96; TLT 100.7487 Bonds up some; DOW up 71+ to 1196+; SPX up 7+ to 1191+; Gold up 4.80 to 1356.10; Silver up 0.23 to 24.86.

Best to each, Doug