Gold - Silver - SILA -FVITF - DOW - SPX - Miners - Currencies

Folks, 

Here is the warning that clearly shows us that we do not have perfect insight into the future, not even the next day.   "Go to now, ye that say, To day or to morrow we will go into such a city, and continue there a year, and buy and sell, and get gain:  Whereas ye know not what shall be on the morrow. For what is your life? It is even a vapour, that appeareth for a little time, and then vanisheth away. For that ye ought to say, If the Lord will, we shall live, and do this, or that." (Jas 4:13-15)

The best that we can do is to make educated guesses about the future. The future is in God's hands, and as we learn to depend upon Him more and more, we are content to leave it there.

 

We have the opportunity to buy gold, silver, and miners at a lower price now. How deep will the correction go? I certainly do not know, but we were due for a big correction. I would expect it to be short term. The dollar continues to be strong and that has a big impact upon the precious metals. 

From Stratfor.com:
On the China - US Currency War. Worth a read and listen HERE.

Some hype on SILA from NewReportingGold.com:
This is from the Meyer's Letter and seems to be mostly advertising, but there could some worthwhile facts. Check it out HERE. 

From TownHall.com:
Thomas Sowell 
Deficit Reduction 
Another deficit reduction commission has now made its recommendations. My own recommendation for dealing with deficits would include stopping the appointment of deficit reduction commissions.
It is not the amount of money that these commissions cost that is the issue. It is the escape hatch that they provide for big-spending politicians. Very insightful! Read it HERE.

From MMNews.com: 
James Turk: Gold 8000, Hyperinflation sure, Prohibition possible
Gold is in a 2nd stage of a bull market. We will see a more rapid price appreciation than in the past years.  Price target untill 2015: 8000 Dollar. Price manipulation has come to an end. Gold as natural alternative to currencies. Chances of hyperinflation 100%. Gold prohibition possible. Interesting read HERE.

Updated graph on Fortuna (FVITF). I am buying this for my portfolios. Currently, orders are in at 3.71.

Miners from Scottrade.com:

Currencies from Kitco.com:

Some Prices at Opening: FVITF 3.63 (My buys came in below 1.70); SILA 0.73; DOW 0ff 91+ to 11110+; SPX off 9+ to 1187.99; Gold off 9.10 to 1351.8; Silver off 0.12 to 25.41. The correction in precious metals continues.

Best to each, Doug