Thoughts on Markets: God's Call to Repentance - GDP Disappoints - Economy Sluggish - Gold & Silver moving upward to preserve wealth

There is no earthly solution to the financial crisis and storms we are experiencing. All could be the call of God to a nation which has turned away from its true founding Father. George Washington was a man for the escape of the colonies from England, but he was placed here at the right time by King Jesus and the victory was won by King Jesus using Washington. On the other hand, the nation Israel refused to return to the God of their nation's creation and the Roman Army was the means King Jesus used to destroy forever the nation Israel as Christ predicted in Matt. 24.

Will we answer His call to repentance in time? That is the real question. As Christ asked the disciples, Who do you say that I am? Each person must answer that specific question. Can you give the correct answer, "Thou art the Christ the Son of God"? Can each of us answer it and then submit to the Sovereign Son of God. I pray that we will and will follow His way.

Did you notice that the GDP (Gross Domestic Product) for the 1st quarter came in at a paltry 1.8%? This is much lower than expected and is testimony to a sluggish, at best, economy. No wonder the unemployment, and under-employment rates remain very high. Without a solution to these, the economy will not grow. Even consumers handling inflation with less discretionary spending.

CNBC:
Markets Start to Weigh Impact Of Even More Fed Easing
Published: Thursday, 26 May 2011 | 2:29 PM ET
A weakening economy and a wobbly stock market have raised expectations—and in some cases fears—that the Federal Reserve's two-year intervention in the markets may not be over just yet. I've said all along that the economy is so weak that there will be a QE III, but maybe not by that particular name. It could come sooner than I had expected if it is being mentioned on CNBC and other news services. HERE.

Mine Web:
Coal, copper, iron ore and gold to lead commodities rally - Standard Chartered
Lag between demand and supply will drive key commodities higher as demand growth in countries like China and India outpaces supply growth. HERE.

Mine Web:
Long term gold has nowhere to go but up
With virtually all the world's population now able to own gold (this was not always the case) and the growing middle class in countries like China, the gold price would seem to have nowhere to go but up. I agree! One must be patient. HERE.

Money Morning:
Don't be Fooled: U.S. Banks Aren't as Strong as They Look
U.S. banks are seeing positive trends in several measures of their health.
That's the good news.
Unfortunately, U.S. banks continue to struggle with some much-more-deeply entrenched problems. Those problems pose a major threat to banking-system health.
And they could even cause the U.S. economy to stumble. HERE.

Bloomberg Video:
Jeff Nichols Interview About Gold, Silver Strategy
May 26 (Bloomberg) -- Jeff Nichols, managing director at American Precious Metals Advisors Inc., talks about his strategy for precious metals and the outlook for gold and silver prices. Nichols speaks with Pimm Fox on Bloomberg Television's "Taking Stock." See & hear it HERE.

Silver Seek:

US Commodity Regulation - A Failed Mission?

In my latest dispatch to subscribers, I tried to describe the favorable set up for higher prices present in silver and other metals markets. That favorable set up may be in the process of unfolding. This set up was created, particularly in silver, as a result of the engineered takedown we just experienced. Having already discussed what may develop from this point, I would like to vent a bit about what just occurred.

It still amazes me that so few seem to be outraged by what transpired in the silver market starting on Sunday, May 1. That night, silver plunged sharply, by $6 an ounce (or 13%) in minutes, setting the stage for a one-week price decline of 30%. Simply stated, a 30% decline in one week in any commodity market is a very big deal, especially when there was no supply/demand news to account for it. More outrageous is that the primary regulators of the silver market, the CFTC and the CME group, have not publicly commented on the big market plunge in silver. This from Ted Butler is worth a read. HERE.

KitCo News:
A.M. Kitco Metals Roundup: Comex Gold, Silver Up amid Weaker U.S. Dollar Index, Firmer Crude Oil Prices
Comex gold and silver futures prices are trading modestly higher Friday morning, on some safe-haven buying heading into a long U.S. and U.K. holiday weekend. A weaker U.S. dollar index and slightly higher crude oil prices are also underlying bullish forces for the precious metals Friday morning. June gold last traded up $2.70 an ounce at $1,525.50. Spot gold last traded up $6.30 an ounce at $1,526.25. July Comex silver last traded up $0.38 at $37.71 an ounce. HERE.

Miners from Scottrade: