Thoughts on Markets

Friday, December 03, 2010

Markets are HOT! Gold 1400+ & Silver 29+

I urge you not to neglect the gathering of the saints together in corporate worship in concert with the word of God. It is our responsibility and joy!

From Kitco.com:
Comex Gold Pushes Above $1,400.00 on Weaker-than-Expected U.S. Jobs Report
03 December 2010, 8:41 a.m.
By Jim Wyckoff
Of Kitco News Read it HERE.

From MineWeb.com:
Gold market clearly showing signs of an asset bubble - Natixis
Unbalances in the global financial system and irrational behaviour on the part of investors are just some of the reasons why gold prices are so high and, why they are likely to fall. This could be true; however, one must wonder how far away we are from the Gold Rush. Also, we must consider the fact that the prices of precious metals  has been capped by bullion banks and governments for decades.  Moves of this week are similar to those of early moves in a Rush. HERE.

Here are the Kitco.com graphs as this is written:















Miners from Scottrade.com:



Currencies from Kitco.com:


Some prices: FVITF 4.39; SILA 0.45; BULM 1.24; OLVRF 1.49; DOW off 29+ to 11333+; SPX off 4+ to 1217+; Gold up 21.3 to 1406 and Silver up 0.64 to 29.18.

This has been an exciting week on the markets. We will be interested in seeing how the markets close today and look forward to next week with consternation.

Best to each, Doug

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