Totalitarian Government is here! - God is judging America - Gold & Silver even Higher even during the Summer doldrums - What will we see as the Fall approaches?

Folks,

The uneasiness and uncertainty in the world economy is having an impact upon the prices of the precious metals. This, I am convinced is a portion of the judgment of God upon particularly the U.S. and the rest of the world. He is issuing a call for His people, as He did throughout the Old Testament nation of Israel. Remember, He wrote 2 Chron. 7:14, "If my people, which, are called by my name, shall humble themselves, and pray, and seek my face, and turn from their wicked ways; then will I hear form heaven, and will forgive their sin, and will heal their land."

He also wrote in Haggai and called them to repentance and to turn back to rebuilding the temple they were sent to do. He told them that their famine was, because he had blown on their crops. Now He is blowing on Texas to cause a drought as our call to repentance. The people in Haggai's day, repented and go back to their work and the Lord blessing them.

Gov. Perry has called for a day of fasting and prayer for Texans that the Lord will relieve the drought we are experiencing. This is a step in the right direction, but before we seek relief from the drought, let us humble ourselves, pray, seek His face, turn from our wicked and slothful ways, then we can ask and receive relief from the drought. In every thing, we must worship and do as God has directed before we will see true and lasting relief of His judgment. 

Honestly, things will not get better until, we who are called by His name turn back to Him as individuals, families, and churches. Sound churches must preach and teach the whole word of God, exercise the sacraments, and exercise discipline. There is no room in God's worship for "New Testament" churches which ignore the perfect Law of God from the Old Testament. There is no other way to reconciliation with the Father except through Jesus Christ our Lord. He said, " If you love me, you will keep My commandments." He wrote the bible through men. It was the complete bible: Old and New Testaments. We are forbidden to add to or to take away from this Word. 

MineWeb:
What are record gold prices telling us now?
It is now the heart of the northern summer doldrums period for the gold price yet it is riding at record highs. What is this telling us about the state of the global economy? This is a very interesting commentary clearly pointing to the many reasons for uncertainty and uneasiness in markets. It is a very worthwhile read for all.  HERE.

Gold at highest price ever and nobody seems to care! - Moriarty
With the gold price near record highs and equity prices lagging, Bob Moriarty believes precious metals are insurance against hyperinflation or deflation-whichever may be coming our way. Gold Report interview. More on the escalating price of gold, but from a different perspective. HERE.

Mining Mergers and Acquisitions double in H1 - Ernst & Young
According to the consultancy, the total deal value achieved in the first half of 2011 was $96.3bn but, the pace was tempered by concerns about the global economy. More impact upon the price of all things. HERE.

Massive South African coal mining strike starts
According to the National Union of Mineworkers, about 150,000 coal workers went on strike on Monday in a bid for a 14% wage increase. This could be very serious and spill over into the precious metals miners, as well. HERE.

Poll sees analysts boost gold and silver price predictions this year and next
Persistent euro zone debt concerns, weak dollar, central bank hoarding: All are seen as leading to higher gold and silver prices by analysts polled by Reutersthan six months ago. There is a lot of optimism about the price of the precious metals these days. That may be a sign for caution when there are too many on one side of the any market. Is it a time for contrary view of the metals?  HERE.

Gold price floor to remain above $1,000 for at least the next decade - Jeff Christian
A look at the likely trajectory of the gold price given the current macro-economic situation and a the similarities between this recent move and silver's charge at $50 in April. Interesting Podcast. A contrary view looking for negative impacts upon price of gold. HERE.

Gold's new record - Its all about real interest rates - Paul Walker
"if you deconstruct the last ten years in the gold market, the one underlying common denominator has been the search for yield in a world of negative real interest rates" Another Podcast. HERE.

Gold & silver rise as "default-event" Greek rescue "seen as only delaying the reckoning"
Gold and silver prices rose in London this morning despite the new Greek bailout as ratings agency may classify deal as a technical default and analysts see it as only delaying the inevitable. HERE.

Uncommonwisdom:
Who says the U.S. has never defaulted?
Despite all the grandstanding and dirty politics in Washington, any day now the United States debt ceiling of $14.294 trillion will be raised.
I have no doubt about it. And quite frankly, it doesn’t really matter what agreements they come to in order to raise the debt ceiling. In the grand scheme of things, whatever they do will be nothing more than kicking the can down the road.
Because the United States government is in worse shape than being flat broke. It’s completely insolvent. The debts and IOUs the government has racked up are patently unpayable. Interesting HERE.

PersonalLiberty:
Smalltime Big Government

Violent mobs are gathering in cities large and small and looting stores and terrorizing communities and theme parks. Thieves are stealing air conditioners from churches and schools, manhole covers from streets, copper from electrical substations, street signs from city roads and hay from petting zoos. Home and automobile burglaries are being reported in increasing numbers.
Local police officers are becoming more militarized and more dangerous and oppressive, arresting people for photographing landmarks and detaining them for taking video of trains, train stations, public buildings and interactions with public figures. When serving warrants, no longer do officers knock on the door and give the subject of the warrant an opportunity to comply. The new normal is to crash through the door with guns drawn, prepared to shoot anything that moves, according to a report by the Cato Institute. This is becoming scary day by day. We do have an increasingly oppressive government. Beware! HERE.

Miners from Scottrade:

Currencies from KitCo:

Some Prices: DOW off 73.72 to 12607; S&P off 7.60 to 1337.42; NASDAQ off 13.69 to 2845.10; Gold up 13.50 to 1630.60, and Silver up 0.40 to 40.47. The 'Deadlock" of Congress continues, but the debt limit will be raised and in time. Of this, there can be no doubt. Then we should see a temporary strong dollar and another buying opportunity in the metals, maybe the last! Fall approaches.

Best to each, Doug