Be Doers of the Word - Gold - Glocks - Price Inflation (Food & Energy) - Income Taxes Rising
The Apostle James, under the inspiration of the Holy Spirit exhorts us to "be doers of the word and not just hearers only, deceiving yourselves for if anyone is a hearer of the word and not a doer, he is like a man observing his natural face in a mirror; for he observes himself, goes away, and immediately forgets what kind of man he was. But he who looks into the perfect law of liberty and continues in it, and is not a forgetful hearer but a doer of the work, this one will be blessed." (James 1:22-25)
These thought will not change whether you believe them or not. However, they are vital to your spiritual health. I pray that each of you know and follow the Law-Word of King Jesus.
From Bloomberg:
Import Prices in U.S. Rise 1.1% in December, Led by Fuels, Food
The cost of goods imported into the U.S. rose in December, led by higher prices for commodities such as fuels and food.
The 1.1 percent increase in the import-price index followed a revised 1.5 percent gain in November, Labor Department figures showed today in Washington. Economists projected a 1.2 percent rise for December, according to the median estimate in a Bloomberg News survey. Fuels or energy and food are two items not considered in government price inflation reports. No wonder, "there are no signs of price inflation. HERE.
From Bloomberg:
Illinois Lawmakers Boost Income Tax by 67% to Help Close $13 Billion Gap
Illinois lawmakers passed a 67 percent income-tax increase, the largest in the state’s history, to help close a $13 billion budget deficit.
The boost in the tax rate to 5 percent from 3 percent was approved by both chambers in the waning hours of the legislative term. Governor Pat Quinn, a Democrat, has supported an increase. A new Legislature will be sworn in later today. This is a sign of the time. We will see repeats of this action all over the nation. It will be playing in your local community and state wherever you live. Of course, it will backfire, but lawmakers always seek for greater taxes and never search for ways to cut spending. It is against their false religion of Keynesian Economics. HERE.
From Bloomberg:
Glock Pistol Sales Surge in Aftermath of Arizona Shootings
Greg Wolff, the owner of two Arizona gun shops, told his manager to get ready for a stampede of new customers after a Glock-wielding gunman killed six people at a Tucson shopping center on Jan 8.
Wolff was right. Instead of hurting sales, the massacre had the $499 semi-automatic pistols -- popular with police, sport shooters and gangsters -- flying out the doors of his Glockmeister stores in Mesa and Phoenix. The proper response of a free people when faced with the necessity for self-protection. HERE.
From GATA:
Perth Mint reports 'unrelenting' demand for gold on dip below $1,400
Submitted by cpowell on Wed, 2011-01-12 00:41. By James Campbell
Dow Jones Newswires
Tuesday, January 11, 2011
SINGAPORE -- Demand for gold bullion from Australia's Perth Mint has been unrelenting since gold's price dropped below $1,400 an ounce, a senior Mint official said Tuesday.
"At the moment demand is such that we cannot meet all the enquiries that we are getting," said Nigel Moffatt, treasurer of the Perth Mint, one of the world's largest gold refiners and distributors. Isn't this interesting. Thus, it really seems that manipulation, neither lack of demand nor profit-taking can account for the drop in price. HERE.
From Mine Web:
Physical gold buying to lead the way in 2011 - Julian Philips
Demand from emerging markets will continue to boost gold but its role as a measure of value going forward should not be underestimated. Read and hear it HERE.
From Mine Web:
Gold's stature and price to grow
As the developed world continues to flounder and emerging markets with a penchant for gold continue to grow, the yellow metal's role is likely to increase, along with its price. HERE.
From Mine Web:
Gold rose in European trade as dollar retreated
Rising oil prices and caution ahead of a sale of Portuguese bonds later in the day helped boost interest in the yellow metal. HERE.
From The Street:
Gold Prices in No Man's Land
NEW YORK (TheStreet ) -- Gold prices were trading sideways Wednesday after Portugal raised money without a hitch and as investors took profits.
Gold for February delivery was down $2.30 to $1,382 an ounce at the Comex division of the New York Mercantile Exchange. The gold price Wednesday has traded as high as $1,387 and as low as $1,377.70. HERE.
Best to each, Doug
The implication is that those who simply like to have their ears tickled with the truth of the word of God, and then ignore it, will not be blessed. However, it goes deeper than that. Those who are brought to life by the blood of Christ applied to them are given the desire and power to be doers of the word unto life. Those who are not are destined for continual death even though they may walk.
From Bloomberg:
Import Prices in U.S. Rise 1.1% in December, Led by Fuels, Food
The cost of goods imported into the U.S. rose in December, led by higher prices for commodities such as fuels and food.
The 1.1 percent increase in the import-price index followed a revised 1.5 percent gain in November, Labor Department figures showed today in Washington. Economists projected a 1.2 percent rise for December, according to the median estimate in a Bloomberg News survey. Fuels or energy and food are two items not considered in government price inflation reports. No wonder, "there are no signs of price inflation. HERE.
From Bloomberg:
Illinois Lawmakers Boost Income Tax by 67% to Help Close $13 Billion Gap
Illinois lawmakers passed a 67 percent income-tax increase, the largest in the state’s history, to help close a $13 billion budget deficit.
The boost in the tax rate to 5 percent from 3 percent was approved by both chambers in the waning hours of the legislative term. Governor Pat Quinn, a Democrat, has supported an increase. A new Legislature will be sworn in later today. This is a sign of the time. We will see repeats of this action all over the nation. It will be playing in your local community and state wherever you live. Of course, it will backfire, but lawmakers always seek for greater taxes and never search for ways to cut spending. It is against their false religion of Keynesian Economics. HERE.
From Bloomberg:
Glock Pistol Sales Surge in Aftermath of Arizona Shootings
Greg Wolff, the owner of two Arizona gun shops, told his manager to get ready for a stampede of new customers after a Glock-wielding gunman killed six people at a Tucson shopping center on Jan 8.
Wolff was right. Instead of hurting sales, the massacre had the $499 semi-automatic pistols -- popular with police, sport shooters and gangsters -- flying out the doors of his Glockmeister stores in Mesa and Phoenix. The proper response of a free people when faced with the necessity for self-protection. HERE.
From GATA:
Perth Mint reports 'unrelenting' demand for gold on dip below $1,400
Submitted by cpowell on Wed, 2011-01-12 00:41. By James Campbell
Dow Jones Newswires
Tuesday, January 11, 2011
SINGAPORE -- Demand for gold bullion from Australia's Perth Mint has been unrelenting since gold's price dropped below $1,400 an ounce, a senior Mint official said Tuesday.
"At the moment demand is such that we cannot meet all the enquiries that we are getting," said Nigel Moffatt, treasurer of the Perth Mint, one of the world's largest gold refiners and distributors. Isn't this interesting. Thus, it really seems that manipulation, neither lack of demand nor profit-taking can account for the drop in price. HERE.
From Mine Web:
Physical gold buying to lead the way in 2011 - Julian Philips
Demand from emerging markets will continue to boost gold but its role as a measure of value going forward should not be underestimated. Read and hear it HERE.
From Mine Web:
Gold's stature and price to grow
As the developed world continues to flounder and emerging markets with a penchant for gold continue to grow, the yellow metal's role is likely to increase, along with its price. HERE.
From Mine Web:
Gold rose in European trade as dollar retreated
Rising oil prices and caution ahead of a sale of Portuguese bonds later in the day helped boost interest in the yellow metal. HERE.
From The Street:
Gold Prices in No Man's Land
NEW YORK (TheStreet ) -- Gold prices were trading sideways Wednesday after Portugal raised money without a hitch and as investors took profits.
Gold for February delivery was down $2.30 to $1,382 an ounce at the Comex division of the New York Mercantile Exchange. The gold price Wednesday has traded as high as $1,387 and as low as $1,377.70. HERE.
Miners from Scottrade:
Currencies from Kit Co:
Some Prices: FVITF 4.688; OLVRF 1.3235 ( Sill trying to buy < 1.30); HHWW 1.74 (performing nicely between 1.70-1.75); SILA 0.3195; TBT 38.84 (LT Treasuries down a bit); DOW up 63 to 11734+; SPX up 7 to 1281+; Gold off 1.70 to 1379.60; Silver up 0.06 to 29.57.
Best to each, Doug
posted by Doug @ 9:21 AM
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