Thoughts on Markets

Tuesday, April 05, 2011

We share the Word of God, but He saves men. - FVITF - Gold & Silver demand very high

 The Lord really knows what we need. I am reading Joshua this week and found that King Jesus gave him the encouragement he needed to face the task of taking the promised land for Israel with the following words and more: "Now after the death of Moses the servant of the LORD it came to pass, that the LORD spake unto Joshua the son of Nun, Moses' minister, saying,
Moses my servant is dead; now therefore arise, go over this Jordan, thou, and all this people, unto the land which I do give to them, even to the children of Israel. Every place that the sole of your foot shall tread upon, that have I given unto you, as I said unto Moses.
From the wilderness and this Lebanon even unto the great river, the river Euphrates, all the land of the Hittites, and unto the great sea toward the going down of the sun, shall be your coast.
There shall not any man be able to stand before thee all the days of thy life: as I was with Moses, so I will be with thee: I will not fail thee, nor forsake thee. Be strong and of a good courage: for unto this people shalt thou divide for an inheritance the land, which I sware unto their fathers to give them.
Only be thou strong and very courageous, that thou mayest observe to do according to all the law, which Moses my servant commanded thee: turn not from it to the right hand or to the left, that thou mayest prosper whithersoever thou goest. This book of the law shall not depart out of thy mouth; but thou shalt meditate therein day and night, that thou mayest observe to do according to all that is written therein: for then thou shalt make thy way prosperous, and then thou shalt have good success.
Have not I commanded thee? Be strong and of a good courage; be not afraid, neither be thou dismayed: for the LORD thy God is with thee whithersoever thou goest."
(Joshua 1:1-9)

It is wonderful that King Jesus encouraged Joshua to be strong and courageous with the assurance He would be with him. Of course, we are not to take the promised land, as was Joshua's mission, but we are to go out into the world as watchmen warning men of the judgment of God upon the unbelievers, to present the gospel of Christ, and to witness for Him as we fulfill our mission. We present and witness and leave up to the Holy Spirit to produce the results that God's word produces. Praise Him daily and know that as you follow His way, He will provide the results His word was sent to accomplish,

Urge Bloomberg News to challenge Fed next on gold market rigging
Bloomberg News this week published an excellent column, appended here, by its editor in chief, Matthew Winkler, about the Bloomberg federal lawsuit that defeated the Federal Reserve's secrecy in lending to troubled financial institutions. GATA long has appealed to Winkler and other Bloomberg News journalists to investigate the Fed's involvement in the surreptitious rigging of the gold market, but without success. GATA has long challenged the world to wake up to the rigging of precious metals markets. Here is another approach which may fall on deaf ears, as well. HERE.

Town Hall:
Thomas Sowell
Political Statistics
When someone gives you a check and the bank informs you that there are insufficient funds, who do you get mad at? In your own life, you get mad at the guy who gave you a check that bounced, not at the bank. But, in politics, you get mad at whoever tells you that there is no money.
One of the secrets of the growth of the welfare state is that politicians get a lot of mileage out of making promises, without setting aside enough money to fulfill those promises.
When Congress votes for all sorts of benefits, without voting for enough taxes to pay for them, they get the support of those who have been promised the benefits, without getting grief from the taxpayers. It's strictly win-win as far as the welfare-state politicians are concerned. But it is strictly lose-lose, big-time, for the country, as deficits skyrocket. Always insightful. HERE.

Town Hall:
Chuck Norris
'Fast and Furious' White House Gun Control
Since the very first days of this president's administration, the drug-fueled cartel violence in Mexico has provided a stalking horse for the gun control agenda. Early on, both Secretary of State Hillary Clinton and Attorney General Eric Holder cited Mexican violence as a reason to renew the Bill Clinton gun ban of 1994. After those trial balloons were shot down, the ball was passed to Mexican President Felipe Calderon, who repeatedly has blamed American gun rights for Mexican violence. And more recently, the Bureau of Alcohol, Tobacco, Firearms and Explosives cited cartel mayhem as justification for an attempt to mandate the reporting of all multiple long gun sales in border states. This regulation would force dealers to report all purchases of more than one long gun if the guns are magazine-fed and larger than .22 caliber -- effectively creating a registry. They want your guns to disarm you and make you total slaves. HERE.

Mine Web:
Silver the investment of the decade - Eric Sprott

Silver's performance over the next three to five years is likely to treble that of gold, says Sprott Asset Management Chairman, Eric Sprott, and he is still bullish on gold as well. Read and hear the Pod Cast HERE.

Mine Web:
Silver puts gold in the shade
Both gold and silver are having a bull run in India, but silver is definitely having the better run of late and seems to be becoming the preferred alternative to gold for many investor. Interesting read HERE.

Silver demand remains very high and is keeping the price high. This has added strength to one of my favorite silver miners > Fortuna. Take a look at the graph, below:

Miners from Scottrade:

Currencies from KitCo:

Some Prices: FVITF 5.2436; OLVRF 1.645; SENY 0.80; NYDDF 3.76; REMX 27.05; DOW of about 28 to 12377.4; SPX off 0.73 to 1332; Gold off 0.30 to 1434.250; Silver off 0.05 to 38.54.

Best to each, Doug


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