Metals Down - Possible buying Opportunity - Stagflation Reigns - Corporate Worship is Important

We are facing another correction in the precious metals. It may provide an opportunity to add to my portfolios, but I am waiting to see what happens. As we trust in the Lord and obey His commandments, He continues to bless us day by day. His providence is abundant and free. The cost was the life of His Only Begotten Son, our Lord and Savior Jesus Christ. Do not neglect the gathering together of the saints on the Lord's Day. Praise Him daily.


Mine Web:
Gold - will she - won't she! Action and reaction
Gold hit a new high in London yesterday, but immediately saw a sharp reaction which brought the price back. How long is this latest correction likely to last? That is an unanswerable question for man, but not for God. HERE.

Mine web:
Gold to top out around $1,500 in Q4 2011 – SocGen
The investment bank expects gold to keep trending higher until the market starts discounting a near-term normalisation of US policy rates; likely to outperform base metals in the second half of the year. I believe that to be a bit too conservation, as I believe we will see it much higher. HERE.

Mine Web:
The joy of gold and silver - stagflation protection
Gold and silver are international cash and will flourish while bond markets may collapse, and will flourish while bank deposits [after bank charges] fail to perform and will rise against all currencies. I believe we are going to continue the stagflation and both of our metals have been real money for centuries. Thus, they will protect wealth in face of inflation, as well as stagflation. HERE.

Mine Web:
Silver breaches new frontier in India but imports fall
As silver prices hit another record, a look at imports show that while China continues to buy silver, India's imports of the metal are down significantly as a result of the higher prices. China continues to pick up the slack in demand. HERE.

Mine Web:
Is Harmony Gold a takeover target?
In Wafi-Golpu, Harmony is sitting on a "get out of jail free" card, says RBCCM, that it will play in one way or another. News on one of my core holdings. Wonder if there is a near possibility. HERE.

Miners from Scottrade:

Currencies from KitCo:

Some Prices: FVITF 5.617 (I intend to buy much closer to 5.00 if!); BULM 1.60; OLVRF 1.6485; HHWW 0.83 (Looks as hype driven tome); SENY 0.825; DOW up 72.36 to 12243.22; SPX up 7.96 to 1317.61; Gold down 7.20 to 1423.60; Silver down 0.25 to 36.92.

Best to each, Doug