Thoughts on Markets

Wednesday, November 17, 2010

OLVRF - FVITF - SILA - BULM - Gold - Silver - Miners - Currencies

This is the day which the LORD has made; Let us rejoice and be glad in it. (Psa. 118:24) This is good advice. When we truly know the Lord and realize who He is and His grace and blessing for His people, then we can always rejoice even when things seem to go wrong. He always has the good of His people even when faced by challenges. Obey Him and rejoice always.

From MineWeb.com:
Gold's slump and why it is temporary - Jeff Christian
"We are expecting the gold price to reach record levels in the first quarter of 2011 and then to come off in the second and third quarters." This makes some sense, because of the long term bull trend of gold. You can see and hear it HERE.

From MineWeb.com:
Outlook for gold demand strong for remainder of 2010 - WGC
Strong gold demand in Q3 suggests overall demand fundamentals will remain strong through the remainder of the year reckons the World Gold Council in its latest Gold Demand Trends publication. There a great deal of data on the Internet about gold. Each must study as much as he can and make his own decisions. HERE.

From MineWeb.com:
Gold: A healthy correction or a bubble bursting?
Although the gold price has come back 5% or more, specialist gold analyst Jeffrey Nichols reckons nothing has changed and this is just a healthy correction. I'm of the school which sees this as a long over due correction. HERE.

From MineWeb.com:
Soros still buying gold despite "bubble" comment
While opinions differ on gold's short term path, billionaire financier, George Soros, still seems to be adding to his fund's gold positions. While I totally disagree with Soros economics and politics, he does have a good deal of insight and influence in financial markets. HERE.

From TheStreet.com:
Spot Gold Prices, Silver Take a Beating
NEW YORK (TheStreet) -- Spot gold prices and spot silver were retreating with the rest of the precious metals complex as investors balked at bearish yellow metal indicators that included a rate hike by the South Korean central bank Tuesday and concerns that China was next.  HERE.




From EconomicJournal.com:
How Finished Goods Prices Are Up 4.3% Over Last 12 Months; Gasoline Prices are up 9.8% in October, and the BLS Reports Declining Inflation
The Richard "I Am Not a Crook" Nixon inspired creation, "core inflation" number, that eliminates food and energy costs from inflation calculations, fell 0.6 percent for the month of October, according to the BLS—the biggest drop since July 2006. The news media is blasting out the number far and wide to anyone who just reads headlines. This reveals, as many articles in the past have, the manipulation of inflation reporting by the Federal Government to suit political desires. HERE.

From KingWorld.com: 
Pierre Lassonde: Chairman of Franco-Nevada - He is one of the living legends in the mining and resource world with over 35 years of experience. Pierre is current Chairman of Franco-Nevada and Co-Founded Franco-Nevada Mining Corporation with Seymour Schulich in 1982 and over a 20 year period, provided shareholders with a 36% annualized rate of return. This is an interview with a very well informed gold insider. You can go to the site click play, minimize, and listen. HERE.

From TownHall.com:
Walter E. Williams
How To Control Congress
Let's assume that each of our 535 congressmen cares about the destructive impact of deficits and debt on the future of our country. Regardless of party, congressmen face enormous lobbying pressures and awards to spend more and little or no pressure and awards to spend less.  Could this be possible. I believe it to be a good idea, but wonder how it could ever work. HERE.


Miners from Scottrade.com: Miners are rebounding, but for how long?

Currencies from Kitco.com:

Some Prices: FVITF 3.72; BULM 1.02; SILA 0.73 (Little response to the latest hype); TWDIF 0.31; OLVRF 0.945 (yesterday was 0.75, (so the interview with Pierre Lassonde is having an impact. Remember this is a speculation. I am a buyer at 0.95); DOW off 2 to 11021.+; SPX up 2+ to 1180.85; Gold off 1.50 to 1337.90; Silver up 0.12 to 25.55.

Best to each, Doug

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