Thoughts on Markets

Wednesday, December 15, 2010

TSA Body Invasions - Hecla Mining (HL) - Miners - Currencies - Gold - Silver


The new full body scans or body groping by the TSA at an expanding number of airports is the most invasive intrusion into US citizens in the history of America. It is very likely a prelude of expanding governmental attacks upon citizens. What is next? Maybe strip searches on traffic stops. If you think this suggestion extreme. If the TSA without congressional can virtually strip search and fondle citizens, this is no stretch. 

The present agency policy can be stopped if citizens look to the Constitution and protest to the Congress, we can stop this attack. Remember that the Constitution Bill of Rights Article IV provides the following: "The rights of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no warrants shall issue, but upon probable case, supported by oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized."

The TSA full body scans and groping searches violate Article IV, because there is no consideration of probable cause and there is no warrant issued. Thus, we are being clearly shown the fascist side of the Federal Government. It is reminiscense of the actions of Hitler against the Jews. 

We must not give up our freedom in the interest of security, else, we will have neither in the end. Let us not be forced into surrendering to these unlawful searches. The line must be drawn today or we are completely lost. 

The bible is full of the judgments of God upon His people, and in many cases the prophets of old warned that judgment in the form of invasion by pagan nations would include stripping of people and exposing their bodies to all. Here we are seeing the same thing. God speaks profusely against nudity, and you will recall that He killed animals in the Garden of Eden to obtain skins to cover Adam and Eve's nakedness. 

This is simply another element of the judgment of God upon America calling us back to Him. Let us respond to His call and seek His forgiveness, turn from our wicked ways back to His law and life style. It is essential to save America.

A.M. Kitco Metals Roundup: Comex Gold Lower as U.S. Dollar Index Rebounds, Traders Square Positions
15 December 2010, 8:09 a.m.
By Jim Wyckoff
Of Kitco News HERE.

As I examine the gold and silver graphs from Kitco, I wonder ponder the question I added to the graphs. However, I know that at some time the manipulation will cease or become ineffective as the demand grows. This will be due to the ever increasing demand as the fiat currencies of the world become less and less valuable. Central banks of the world understand this and will continue to what they consider, as recent articles have shown, to be "their job."

Such price action provides potential buying opportunities for many folks who are yet to jump into the precious metals and miners.

From  The Street:
Gold Prices Suffer Selloff
Gold prices were losing steam Wednesday as the U.S. dollar strengthened and investors took profits. The fear factor has lessened some. HERE.

From Bloomberg:
Global Demand for U.S. Assets Slowed in October, Treasury Says
Net buying of long-term equities, notes and bonds totaled $27.6 billion during the month compared with net buying of $77.2 billion in September, according to statistics issued today in Washington. The dollar is slowly losing its luster. HERE.

From Reuters:
Foreign investors scale back Treasury holdings 
Foreign investors have begun cutting their holdings of Treasuries, and the inclination to shed the low-yielding assets is likely to grow as risk appetite improves and managers seek better returns elsewhere. HERE.

Here is a look at one of my core holdings in silver Hecla Mining (HL). It has been very strong until this morning and is still holding quite well. 

Miners from Scottrade:

Currencies from Kitco:

Some Prices: FVITF 4.362; BULM 1.15; OLVRF 1..3765; HHWW 1.745 (Climbing again); SILA 0.43;  TBT 39.3699 (20+ yr Treasuries still stumbling - Could be the prelude to another bursting bubble.); DOW up 34 to 11509.54; SPX up 2+ to 1243.71; Gold down 3.9 to 1391.30; Silver down 0.06 to 29.44. Both precious metals are holding fairly well in spite of the sell off or capping. Even these small dips in prices of the miners offer buying opportunities for those who decide they have the cash, need for more miners, and risk tolerance. Study and make your own decisions. What seems correct to me may not be for you. You must decide; meanwhile, I will inform you of any changes I make.

Best to each, Doug


Post a Comment

Links to this post:

Create a Link

<< Home