Ask & You will receive - Which way gold & silver - Miners - Currencies

Folks,

There is price inflation, which is inevitable with all of the printing and computer creation of unbacked paper currencies. The Asians and some others recognize this and are flocking to the precious metals as a store of wealth as the paper currencies depreciate.

The Bible tells us that we are to  be wise as serpents and harmless as doves. The Book of James (1:5) tells us, "If any of you lack wisdom, let him ask of God, that giveth to all men liberally, and upbraideth not; and it shall be given him."

Thus, if we lack wisdom, it is because we do not ask or that we are not of the family of God to whom the promise is given.

Town Hall
Thomas Sowell
Undermining Allies
While everyone's attention seems to be focused on the crisis in Egypt, a bombshell revelation about the administration's foreign policy in Europe has largely gone unnoticed.
The British newspaper The Telegraph has reported that part of the price which President Obama paid to get Russia to sign the START treaty, limiting nuclear arms, was revealing to the Russians the hitherto secret size of the British nuclear arsenal. This information came from the latest WikiLeaks documents.
To betray vital military secrets of this country's oldest, most steadfast and most powerful ally, behind the back of the British government, is something that should set off alarm bells. Following in the wake of earlier betrayals of prior American commitments to put a nuclear shield in Eastern Europe, and the undermining of Israel and calculated insults to its prime minister, this pattern raises serious, and perhaps almost unthinkable, questions about the Obama administration's foreign policy. WOW! Though history, we have been a betrayer of friends and supported enemies. However, we have never, to general knowledge, done anything like this. This is taking betrayal to a much higher level. What should one expect from a pagan government? HERE.

Town Hall:
Walter E. Williams
A Killer Agency
Sam Kazman's "Drug Approvals and Deadly Delays" article in the Journal of American Physicians and Surgeons (Winter 2010), tells a story about how the U.S. Food and Drug Administration's policies have led to the deaths of tens of thousands of Americans. Let's look at how it happens.
During the FDA's drug approval process, it confronts the possibility of two errors. If the FDA approves a drug that turns out to have unanticipated, dangerous side effects, people will suffer. Similarly, if the FDA denies or delays the marketing of a perfectly safe and beneficial drug, people will also suffer. Both errors cause medical harm.
Kazman argues that from a political point of view, there's a huge difference between the errors. People who are injured by incorrectly approved drugs will know that they are victims of FDA mistakes. Their suffering makes headlines. FDA officials face unfavorable publicity and perhaps congressional hearings. This only addresses one of the "Killer Agencies." How about the Child Protective Services? There are others. HERE.

Mine Web Podcast:
Gold prices and costs and power challenges - Mark Cutifani
A look at the likelihood of gold trading below $1,000 again for any length of time, notional cash expenditure and exploration, HERE.

Mine Web:
Are Gold and Silver now turning upwards again?
The true position is not so much that gold has been rising but major currencies losing their value against the precious metal - a trend which is far from over yet. HERE.

Mine Web:
Gold holds near three-week highs
An increased focus on inflation after China's second interest rate hike in six weeks and a slightly softer dollar helped buoy prices of the yellow metal. HERE.

Miners from Scottrade:

Currencies from KitCo:

Some Prices: FVITF 4.4597; BULM 0.926; OLVRF 1.4685; HHWW 0.95; DOW up 2.54 to 12235.57; SPX off 2.15 to 1322.42; Gold even at 1364.20; Silver up 0.12 to 30.49. Both metals are at higher levels this week, but the miners are not galloping up as well. Most are just hanging on, but possibly getting ready to move upward. Time will reveal the movement to us. We have not seen the substantial drops in either the metals or miners that one would expect in a significant correction, nor have we yet seen the big jumps of the third phase, either. The Chinese have replaced South Africa as the greater producer of gold and are the largest importer of gold, as well. Wonder why? They are on the right side in this while most of the rest of the world stands by and observes. Americans are asleep on this one!

Best to each, Doug