Thoughts on Markets

Tuesday, November 23, 2010

Gold up & Silver down in light trading - FVITF - BLUM - SILA - TWDIF - WRGL

Folks,

As we approach the national day of Thanksgiving, let's us heed the word of God on the subject of thanks.

Rejoice always; pray without ceasing; in everything give thanks; for this is God's will for you in Christ Jesus. (I Th. 5:16-18)


We have great blessings and even challenges in our lives brought to us by the Sovereign God of all. All that He gives us, as His people, are for our own good. Each is brought into our lives that we may grown more like Him. Praise Him daily!


From Kitco.com:
A.M. Kitco Metals Roundup: Comex Gold Trades Near Steady, Tracking U.S. Dollar
22 November 2010, 08:23 a.m.
By Jim Wyckoff
Of Kitco News HERE.

From MineWeb.com:
Gold holds near week highs
Weakness in the euro helped offset potential gains from the major exchange of artillery fire on the Korean peninsula. HERE.

From MIneWeb.com:
Invest in commodities today to prosper tomorrow
Precious metals (gold in particular), energy minerals and other natural resources and emerging markets should form a key part of one's investment strategy in these changing times. HERE.

From Bloomberg.com:
China Allows Yuan to Start Trading Against Ruble
China started allowing the yuan to trade against the Russian ruble from today in the interbank market as policy makers promote the currency’s use in global trade and finance.  HERE.

From LATimes.com:
A cautionary tale for gold and silver buyers
Some Monex customers allege that they were misled and even lied to by the Newport Beach firm and lost thousands of dollars on their precious metal investments, despite the bull market in gold and silver. HERE.

James Turk on KingWorldNews.com:
Developing Banking Crisis Bullish For Gold
With gold and silver consolidating recent gains, King World News interviewed James Turk out of Spain.  When asked about the action in both gold and silver Turk stated, “The speed at which the sovereign debt crisis in Europe is accelerating is truly staggering.  The insolvent European governments are causing problems for many banks because of all of the government debt that they own.  So, what we really have developing here is a banking crisis which is always bullish for gold.”
What James Turk says is always informative and interesting. HERE
 From GATA.org:
Ted Butler is interviewed about silver by Chris Martenson
The interview via podcast is HERE, but was referenced by GATA. Ted gives a 25+ year history which is informative and important.



Miners from Scottrade.com:

Currencies from Kitco.com, note the three maintaining near or at par with the dollar of late:

Some Prices: TVITF 3.9985; BULM 1.12; SILA 0.69; TWDIF 0.3361: WRGL 0.04 (This is a real SPECULATION which I am buying below 0.045 with RISK CASH. This could turn out to be a hype driven SPECULATION. )


More Prices: off 142.36 to 11036.9; SPX off 15.59 to 1182+, Gold up 9.70 to 1376.10; Silver off 0.34 to 27.53 (Still a nice price level.)

Best to each, Doug

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