This is the day the Lord has made! - FVITF now FSM on NYSE - Currencies - Miners - Precious Metals Continue Correction -

This is the day the Lord has made, we will rejoice and be glad in it! Be thankful that He has given you another day. Certainly, we will each meet challenges during the day, but His people can truly depend upon Him and His graceful promises.

In San Antonio, we are praising Him particularly for the the rain last night. It was a good rain. Of course, for us any rain is good, but this was a bit heavy for a time. It was badly needed. Thus, we are thankful. Praise the Lord!


The New York Times:

Military retiree benefits vulnerable as Congress struggles to cut debt 
As Washington looks to squeeze savings from once-sacrosanct entitlements like Social Security and Medicare, another big social welfare system is growing as rapidly, but with far less scrutiny: the health and pension benefits of military retirees.
Military pensions and health care for active and retired troops now cost the government about $100 billion a year, representing an expanding portion of both the Pentagon budget — about $700 billion a year, including war costs — and the national debt, which together finance the programs. Here it comes! We always turn our backs on the military retirees (of which, I am one). For many years, we were treated as 2nd to 5th class citizens in military hospitals after being influenced to stay in the military to receive medical benefits. Though this was never really promised, but it was certainly used as a carrot on a stick before our eyes. Then after decades, we finally received Tri-care for Life. This was and is a good program. Most of us do not abuse it, but depend upon it for required medical care. Thanks be to God, I have used almost none of it for myself. The unconstitutional wars are the big cost attributed to the military. Let's move toward bringing our troops home from some 120+ "occupation places" in our empire. That would cut costs tremendously. Read the article HERE. 

MineWeb:

Gold equities should be doing a heck of a lot better-DGG Forum Panel
Are low dividends routinely paid by gold mining companies sending a message that gold company executives lack confidence in the gold sector? Miners have no kept pace with the metals. HERE.

DGG conference to highlight impact of strong gold and silver on the mining sector
The prestigious Denver Gold Group conference kicks off today and will give attendees a strong indication of the effects the high gold and silver prices will be having on the strategies of the miners. HERE.

Gold rallies as euro zone fears continue to grow
Spot gold was bid at $1,821.00 per try ounce in morning trade in London up from Friday's close after a series of political setbacks over the weekend agitated fears about a Euro zone recover. HERE.

Mine supply and the gold bubble myth - Paul Walker
While increased mine supply is likely to cause problems for the gold sector longer term, Thompson Reuters GFMS MD Paul Walker does not believe the metal is in bubble territory. HERE.

Front Sight Firearms Training Institute:

Front Sight’s Monday Blog: Confusion and Walgreens Shooting…
See this news video of a very lucky gun owner who did the right thing, but is being treated poorly by people who should know better. See this news video and then see my comments below the story: HERE.

News on Fortuna, formally symbol FVITF, now FSM.

Fortuna to Begin Trading on the New York Stock Exchange on September 19, 2011

8:30 AM ET 9/15/11 | PR Newswire

Fortuna Silver Mines Inc. (TSX: FVI) (Lima Stock Exchange: FVI / www.fortunasilver.com) is pleased to announce that it has been approved to list its common shares on the New York Stock Exchange ("NYSE") on September 19, 2011 under the trading ticker symbol "FSM". The Company will retain its listings on the Toronto Stock Exchange ("TSX") and the Lima Stock Exchange ("BVL"), both under the symbol "FVI".

Miners from Scottrade:

Currencies from KitCo:

Some Prices: DOW off 204.56 to 11304.84; S&P off 24.59 to 1194.09; NASDAQ off 33.39 to 2588.92; Gold off 25.30 to 1787.20; Silver off 1.10 to 39.56. I am seriously looking into more metals and miners at this point. However, still on the fence as prices look a bit shaky at this point. Study and make your own decisions. I will try to send direct email out if I jump in.

Best to each, Doug