Thoughts on Markets

Thursday, November 04, 2010

Gold & Silver Up Strongly along with DOW - FVITF -SILA -BULM-TWDIF

The Republicans have another opportunity, and we must pray they have the intestinal fortitude to ignore personal ambition and seek to restore sanity to our nation. We must pray that they will also understand that they are to serve King Jesus and follow His law in every action. They must learn to fear the Sovereign of all and kiss the Son else, they will miserably fail as they did under the old Contract of a decade or so back. 

From WSJ.com:
Welcome, Senate Conservatives
Remember what the voters back home want—less government and more freedom. This is great advice for the new conservatives in both houses of Congress. Push what is good for the nation, not just what benefits you can provide your individual district or state. Return to the Constitution. Read it HERE.

From MoneyMorning.com:
Republican Midterm Election Victories Could Crush Stocks and Bonds Before Sending Them Higher 
Some good thoughts which may come to pass. HERE.


From FrontSight.com:
The newspaper headline read, "Two Shot in South Richmond Store," but it should have read, "Armed Citizen Stops Mass Shooting." This is an interesting report on proper use of weapons for self-defense. Read it HERE.

From MineWeb.com:
Gold to heading for $2,000+ on U.S. political and economic uncertainty
Republican control of Congress, plus more QE adds further uncertainty for the road ahead - and gold thrives on uncertainty. It sure looks that way the second day after the election. HERE.

From MineWeb.com:
U.S. miners await outcome of congressional musical chairmanships
The only certainty U.S. miners face in the next Congress is the possibility of more compromise or more confrontation as the GOP assumes control of the House. Haven't thought about the "fun" of musical chair games for decades, but that is an interesting way to put it. HERE.

From Kitco.com:
A.M. Kitco Metals Roundup: Comex Gold Sharply Higher as U.S. Dollar Sees More Selling Pressure in Wake of "QE"
4 November 2010, 8:26 a.m.
By Jim Wyckoff
Of Kitco News Read it HERE.

From UncommonWisdom.com:
Bernanke’s Secret Debt Solution
A Video update with Larry Edelson. Of course, this is an "educated" guess, but it is interesting and his graphs are very good. HERE.

Miners shortly after opening from Scottrade.com:

Currencies from KitCo.com:

Some Prices: FVITF 4.08 (WOW!); SILA 0.74 (Ouch!); BULM 0.99 (Holding around $1); TWDIF 0.32 (Not low enough for me to buy, if I do); DOW up 123+ to 11337+; SPX up 14+ to 1212+; Gold up 29.20 to 1378; Silver 25.51 up 0.67.

Best to each,  Doug

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