Thoughts on Markets

Tuesday, September 13, 2011

Fear God Who can destroy the whole person and soul, not man. Gold & Silver still suffering - Dollar has temporary strength. - General Mkt remains weak

He is a fearful God we worship. After all He destroyed His nation Israel in 70 A.D. using the Roman Army. He burned Sodom, and had sent His people into captivity several times due to apostasy. Can we expect anything different for our apostasy? His call to repentance is never a nice thing, but then when we fail to give Him the glory and work for the furtherance of His kingdom, what should be expect? Therefore, let us join together in prayer honoring Him, repentance for our failure to be watchmen, and let us turn back to Him and His ways which are the best there are. Seek Him while He still may be found, before it is too late.

MineWeb:
 TD Securities increases 2012 gold forecast to $1,975/oz. Once investors are able to properly price risk, TD Securities Bart Melek says gold should move towards the $2,000/oz. mark "as it remains a great hedge.
Gold Standard talk - economies do better with sound money - Stansberry
Porter Stansberry reckons we should bring back the gold standard. Sooner or later people will tire of a paper monetary system and drive a return to gold. Interview with The Gold Report. The money used since biblical times has been gold and silver. For the last 2000 years, and particularly in the early colonies and days of these United States it has been the preferred money. Why? Because it is stable and gives citizens more freedom. However, banks like their monopoly on creating "money" out of paper, and governments like more control over citizens. Governments support the banks by making the paper currencies legal tender "for all debts public and private."  Thus, we are living in a debt world and continue to exist in a house of cards. HERE.

Gold dips in volatile trade as the dollar strengthens
The yellow metal briefly extended the previous session's hefty 2.5% drop in early trade on Tuesday as the euro extended its losses against the dollar. There should be no doubt that the dollar is in a major long term bear market, because the fundamentals at the foundation of the dollar are very have rotted away. The debt owed by the U.S. is too great for any other status. The temporary strength of the dollar is due to its preference to the Euro which is under a Greek rain cloud. HERE.

 TD Securities increases 2012 gold forecast to $1,975/oz.
Once investors are able to properly price risk, TD Securities Bart Melek says gold should move towards the $2,000/oz. mark "as it remains a great hedge." HERE.

Mining sector cheap; gold a winner - JP Morgan
According to Neil Gregson, co-manager of J.P. Morgan Asset Management's Natural Resources fund, the mining sector is ripe for M&A activity.  HERE.

Gold hit as investors sell holdings to cover losses
In a consistent trend, gold fell further on Monday as investors sold holdings to raise cash in order to cover losses elsewhere, including European equity markets. HERE.



Town Hall:

Thomas Sowell
Thomas Sowell 
Back to the Future?
Those who are impressed by words seem to think that President Barack Obama made a great speech to Congress last week. But, when you look beyond the rhetoric, what did he say that was fundamentally different from what he has been saying and doing all along?
Are we to continue doing the same kinds of things that have failed again and again, just because Obama delivers clever words with style and energy? This is insightful and worth a good read. Politicians always believe that their favorite programs and policies fail only because there were not enough dollars thrown at them early on. They never seem to learn and the public has a very short memory upon which politicians depend. HERE.

Miners from Scottrade:
Currencies from KitCo:
Some Prices: DOW off 15.97 to 11047.91; S&P up 3.70 to 1165.97; NASDAQ up 18.22 to 2513.30; Gold up 11.70 to 1826.10; Silver up 0.49 to 40.81. Many of the miners in my buying range, but I am not buying now, because I have a good stock of them in my portfolios.

Best, Doug

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