Thoughts on Markets

Monday, November 22, 2010

Miners - FVITF - BULM - OLVRF - TWDIF - Gold - Silver - Thanksgiving

Folks, 

Be thankful that God is sovereign and in absolute control of all. We certainly can rest in Him, and are cautioned not to trust in men.

"He that spared not his own Son, but delivered him up for us all, how shall he not with him also freely give us all things?  Who shall lay anything to the charge of God's elect? It is God that justifieth.

Who is he that condemneth? It is Christ that died, yea rather, that is risen again who is even at the right hand of God, who also maketh intercession for us. 

Who shall separate us from the love of Christ? Shall tribulation, or distress, or persecution or famine or nakedness, or peril, or sword?

As it is written, For thy sake we are killed all the day long; we are accounted as sheep for the slaughter.
Nay, in all these things we are more than conquerors through him that loved us.
For I am persuaded, that neither death, nor life, for angels, nor principalities, nor powers, nor things present, nor things to come, not height, nor depth, nor any other creature, shall be able to separate us from the love of God which is in Christ Jesus our Lord."( Rom 8:32-39)

These great words are just one example of God's care of His people. Let us praise Him daily and particularly during this season. The Thanksgiving declaration by our formally Christian government is a blessing upon our nation. Let us join together in praising King Jesus!

The DOW is showing some weakness early this week. Of course, this is a short week and official data will be crowded into two days. Thus, we should expect some volatility. Bonds are being hit with the higher interest rates to attract buyers other than the Federal Reserve. QE2 does not seem to be pushing interest rates lower to benefit the mortgage rates which is the target. QE in Japan did not work either. It is not likely to work here. 


From MineWeb.com:
Bullish gold analysts look for further price rises
Gold specialists Martin Murenbeeld, David Keating, and Paolo Lostritto give their candid views of the global gold markets and plenty of reasons to be a gold bull. HERE.

From MineWeb.com:
Gold rallies for third day on strong euro
The euro rose on the rescue deal announced for Ireland's banks at the expense of the US dollar which broadly boosted investment interest in gold. HERE.

From MineWeb.com:
Why have gold and silver been falling in this time of monetary turmoil?
Reasons behind the recent weakness in the gold and silver price despite, as George Soros commented, conditions for gold looking "perfect"? HERE.

From MineWeb.com:
Bullish gold analysts look for further price rises
Gold specialists Martin Murenbeeld, David Keating, and Paolo Lostritto give their candid views of the global gold markets and plenty of reasons to be a gold bull. HERE.
























Silver is up some 62%, while gold is up 24% for the year. Below is the 3-day silver graph.




The normal ratio of gold to silver is about 16 to 1, and the following graph shows that silver is on the way racing to catch up with gold


Miners from Scottrade.com:

Currencies from Kitco.com:

Some Prices: FVITF 3.96;  0.715; BULM 1.05; OLVRF 1.257; TWDIF 0.332; DOW off 82+ to 11122.81; SPX off 7.6 to 1192.14; Gold off 2.40 to 1351.70; Silver off 0.06 to 27.29.

Best to each, Doug

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