Whew! Election is Over! - FVITF - SILA - BULM - TLT - TWDIF - Currencies - Miners

I am very glad that the election is over. The adds and phone calls will drop to zero now. However, we will soon be facing the presidential campaigns, so don't think we will be left alone for long. We now have the make up of governors, judges, legislators, etc. that the Lord has selected for us. Perhaps, we will reach a form of gridlock which could be a blessing except for the repeal of ObamaCare which will likely be impossible given the make up of the Federal Congress. 

King Jesus knows what He is doing and we are not privy to the reasons for the actions He takes and the situations He presents for us. We are only responsible for spreading His Kingdom to every area of our lives and in every area of society with which we come in contact. 

Thus, we are to carefully select the movies, music, media, and activities in which we are engaged. All must provide the opportunity for sharing the gospel to unbelievers and sharpening the knowledge and wisdom of fellow Christians. We are to subdue the earth for King Jesus. He is in control, but uses the means His joint heirs. Let us fellowship together to accomplish this task. Praise Him daily.


From MineWeb.com:
IMF gold sales completion will lower supplies.
With the IMF nearing completion of its 403.3 tonne gold sale, what comes next as this supply source exits the market. Will Central Banks continue buying? HERE.

From MineWeb.com:
Gold to benefit from a confused world
China’s growing power in the face of floundering Western ambitions creates a level of uncertainty that is good for gold. HERE.

From GoldMoney.com
The GoldMoney Standard
This is the latest on the measures that GoldMoney uses to be certain that their gold is good. HERE.

From Kitco.com:
Gold Choppy But Near Steady Between Elections, FOMC Meeting
3 November 2010, 8:06 a.m.
By Allen Sykora
Of Kitco News HERE.

From Bloomberg.com:
Gold Market in China May Double in a Decade on Investment, Council Says
China’s gold market may double in the next decade as retail investment and jewelry demand gain, an official from the World Gold Council said today. This is a natural response to the improved individual prosperity. HERE.

From Telegraph.co.uk:
QE2 risks currency wars and the end of dollar hegemony
As the US Federal Reserve meets today to decide whether its next blast of quantitative easing should be $1 trillion or a more cautious $500bn, it does so knowing that China and the emerging world view the policy as an attempt to drive down the dollar. As the Aden Sisters said on the Mc Alvaney commentary this morning, "It has already begun." HERE.

From news.chennaionline.com:
Silver coins zoom to record high on 'Dhanterus' demand
New Delhi, Nov 3 Silver coins zoomed to record high levels of Rs 43,000 per 100 pieces in the national capital today, as demand shifted to silver amid high gold prices and weak global trend.

Heavy buying for the festival of Dhanterus today and upcoming Diwali, also led to the rise in the silver coin prices. The silver coins jumped up by Rs 1,900 to Rs 42,900 for buying and Rs 43,000 for selling of 100 pieces. The demand for the Silver Eagles at the U.S. Mint has been very heavy and the supply has been cut off from time to time. HERE.

Miners from Scottrade.com:

Currencies from Kitco.com:

Some Prices: FVITF 3.8228 (Still Strong); SILA 0.752 (Still Weak); BULM 0.96 (Holding on by the finger nails); TLT (Bonds up a bit); TWDIF 0.30 (A speculation from Doug Casey, but with a buy on weakness recommendation when the price was 0.24); DOW up 16+ to 11204+; SPX up 1+ to 1194+; Gold off 4.30 to 1353.20; Silver off 0.17 to 24.77. This is not a very exciting day on the markets.

Best to each, Doug