Sin entered and the world was changed. Miners - Currencies - Economics - Welfare

Do you wonder why there are "troubles," "disasters," illnesses, and other challenges in our individual and collective lives? After all, we have a Sovereign God who loves His people and "makes all things work together for good" of His people.

The answer is sin. It is not always individual sin, but original sin which becomes part of every person born of a earthly father and mother. This affects all of life and makes it more difficult, because of the curse of God as result of Adam's sin reported in Genesis Chapter 3. 

But Paul reports at the dictation of the Holy Spirit, "In every thing give thanks: for this is the will of God in Christ Jesus concerning you." (1Th 5:18) He does not say in only good things, but in every thing. Thus, we are responsible, not for situations and things which beset us, but in how we react to them. We are to give thanks to God for them.

Very often, God brings trials and challenges to us as discipline, because we need to correct or grow in our Christian world and life view. As we are told in Hebrews Chapter 12:5-8,  "And ye have forgotten the exhortation which speaketh unto you as unto children, My son, despise not thou the chastening of the Lord, nor faint when thou art rebuked of him: For whom the Lord loveth he chasteneth, and scourgeth every son whom he receiveth. If ye endure chastening, God dealeth with you as with sons; for what son is he whom the father chasteneth not? But if ye be without chastisement, whereof all are partakers, then are ye bastards, and not sons."

By His grace we are encouraged even in these times by these words from 1Co 10:13, "There hath no temptation taken you but such as is common to man: but God is faithful, who will not suffer you to be tempted above that ye are able; but will with the temptation also make a way to escape, that ye may be able to bear it."  Temptation and trial in this verse have the same meaning. Therefore, we know that God will not try us above what we can handle. Praise King Jesus daily for His providence and care, even through His discipline and chastisement. 
   


Mine Web:
China, North Africa, Greece and gold - Julian Philips
A look at the continued impact of the unrest in the Middle East and North Africa on the gold market and why more focus is needed on Greece and China. Read and view the Podcast HERE.

Min Web:
China should buy more gold - government advisor
A Senior economist at Peking University and a member of the Chinese People's Political Consultative Committee, says China should use the precious metal to hedge against risks of foreign currency devaluations. I believe they are and will buy more on their march to back the Renminbi with gold in the future. HERE.

KitCo News:

Market Nuggets: Comex Gold Maintaining Gains As Mideast Political Concerns Persist

09 March 2011, 10:15 a.m. Read this and other nuggets HERE.

The Street:
Gold, Silver Prices Gain on EU Debt Fears
NEW YORK (TheStreet ) -- Gold prices were rising fast as they shrugged off an interest rate hike from South Korea and investors bought gold as protection against resurfacing Eurozone debt fears. I do not believe that this is real reason, as we have been in a bull market for over 10 years and during that time there have been ups and downs, but the trend is in place with the increasing demand. HERE.

King World News:
James Turk - Forget $8,000, Gold Headed Much Higher

With gold near all-time highs and silver near multi-decade highs, today King World News interviewed James Turk out of London.  Turk remarked, “Eric I have really been focusing a lot on what central banks are doing and how their actions might be impacting my long-standing forecast for the price of gold.  You probably know back in 2003 I stated in a Barron’s interview that the Dow/Gold ratio would be 1 to 1 again sometime between 2013 and 2015.  My thinking had been that gold would be $8,000 and the Dow would be 8,000, but now my thinking has changed.” HERE.

Gold seems to be hitting a sandy spot in the hill it is climbing today. Down, but certainly not out.

Town Hall:
Walter E. Williams
Handouts, Morality and Common Sense
Whether Americans realize it or not, the last decade's path of congressional spending is unsustainable. Spending must be reined in, but what spending should be cut? The Republican majority in the House of Representatives fear being booted out of office and are understandably timid. Their rule for whom to cut appears to be: Look around to see who are the politically weak handout recipients.
The problem is that those cuts won't put much of a dent in overall spending. The absolute last thing a Republican or Democrat congressmen wants to do is to cut handouts to, and thereby anger, recipients who vote in large numbers. To spare myself ugly mail, I'm not going to mention that handout group, but members of Congress know of whom I speak. This is right on. Check it out HERE.

Reuters:
PDAC-Sprott says silver will keep outshining gold
Hedge fund boss says more dollars flows favor silver
Wary of investing in base metal due to uncertain economy
By Euan Rocha and Pav Jordan
TORONTO, March 8 (Reuters) - Silver is likely to keep outperforming gold thanks to strong dollar flows, though both are still good investments compared with copper and other base metals, according to Eric Sprott, the hedge-fund manager and Canadian investment guru. HERE.

Miners from Scottrade:

Currencies from Kitco:

Some Prices: FVITF 5.75 (Off some, may have to buy some more, but am waiting for a bit lower); OLVRF 1.7015; BULM 1.48 ( I sold a bit too soon); HHWW 1.02; SENY 1.04 ( Would like to see this one go above 1.20 before long); Gold off 3.50 to 1325.40 ( suspect this to be at or near the low for the day); Silver off 0.58 to 35.67 (Likely back up above 36 today); DOW off 8 to 12206.09; SPX off 4.04 to 1317.78 Both of these broad market indexes are really acting strangely up one day, down the next with no consistency.

Best to each, Doug