Thoughts on Markets

Friday, October 07, 2011

Do we murder citizens without a trial? - Gold & Silver are on the move.- Dollar is down - General Markets are mixed - Time to buy???????

Folks, 
Our Sovereign King Jesus wants us not to "neglect the gathering together of the saints in corporate worship on the Lord's Day." Corporate worship by the Bride of Christ, His Church, is an afford to our Husband: King Jesus. 

We are told to "keep the Sabbath holy." The Christian Sabbath is the first day of the week, because that was the day of the week in which Christ was resurrected from the death He died on the cross on our behalf. We will once in the future be resurrected to be with Him forever. What a glorious day that will be!

Corporate worship of God is a duty, but what a great opportunity it is. We will enjoy fellowship with people of like minds who love the Lord. All such fellowship is a foretaste of Heaven. These are the people we will be spending eternity with while praising the Lord for the infinite period of timelessness. Be sure He is your Lord and Savior so that you can enter the eternal joy of Heaven.

MineWeb:

Gold steady ahead of key US jobs data
Gold registered a weekly gain of 1.7% on Friday, largely buoyed by rising consumer confidence which saw investors move out of cash ahead of key U.S. jobs data. HERE.

Why gold is not yet at $2,000 - the financial markets effect.
Only a couple of months ago the gold price seemed to be heading rapidly towards the $2,000 mark, yet is now only trading in the $1600s. Why? These are some interesting thoughts.  HERE.

Euro zone market confidence positions gold, copper, oil for weekly gains
Investor confidence was boosted on Thursday by the European Central Bank's plans to recapitalize banks, with gold, copper and U.S crude set for weekly gains on Friday. Time to buy? Could be! HERE.


Gold stocks valued on far lower gold prices than are currently being achieved.
Even though gold prices are well off their highs, gold miners will be still making huge profits at current prices and, when quarterly earnings are released shortly perhaps the market will recognise this and re-rate the miners. There are good buys out there for me and I am looking and evaluating in terms of my cash position and current portfolios. You do the same for yourself. HERE.

Taking a short break from MineWeb: Below, is the graph of miners (mostly) from Scottrade which gives a few that I am looking to buy now or very soon




Bloomberg:

Taleb: World’s ’Problem’ Worse Than ’08
Nassim Nicholas Taleb, author of the best-selling book “The Black Swan,” said the current global market turmoil is worse than it was in 2008 because countries such as the U.S. have larger sovereign-debt loads.
“Definitely, we face a bigger problem now and we will pay a higher price,” Taleb, who is also a professor at New York University, said today at a news conference in Kiev, referring to the turmoil during the last global financial crisis. “The structure of the problem has still not been understood. We haven’t done anything constructive in three and a half years. Nobody wants to do anything drastic now.” The threat to our personal finance situation is much greater. Things are far from rosy. HERE

Reuters:

Secret panel can put Americans on "kill list'

American militants like Anwar al-Awlaki are placed on a kill or capture list by a secretive panel of senior government officials, which then informs the president of its decisions, according to officials.
There is no public record of the operations or decisions of the panel, which is a subset of the White House's National Security Council, several current and former officials said. Neither is there any law establishing its existence or setting out the rules by which it is supposed to operate. If true, this is scary. Looks more like the actions of a dictator than an American. HERE.

Personal Liberty:

Did The U.S. Sanction Murder?

An awful lot of readers will be angry at some of the things I have to say today. So before the shouting begins, let me tell you where I’m coming from, as the kids like to say.
I was raised with a profound respect for the fact that we are a nation of laws, not men: That “no one is above the law,” that a jury of our peers will decide our guilt or innocence, that we are guaranteed the right to face our accusers, that “our home is our castle” and that we will be protected in our persons and our property.
Does that sound like the America you were taught to love and revere when you were young? YES, this is the America when I was a child. We had a smaller, non-intrusive government at a much smaller cost. But the article goes on to explain big changes that have taken place, because we have lost sight and meaning of our Constitution and, more importantly, no longer are a nation of God's Law. HERE.


Reuters


Banks downgraded as EU squabbles over next bailout

Debt rating agencies had the knives out for some of Europe's weakened banks on Friday, highlighting the pressure for decisive government action in support for the industry.
Moody's Investors Service downgraded its ratings on nine Portuguese banks, citing the increased asset risk linked to their holdings of Portuguese government debt and the sovereign downgrade of Portugal in July.
The same agency also cut the ratings of two top British banks, citing a likelihood of less state support in a future crisis as Britain sought to reassure investors the sector was well capitalized. HERE.

Yahoo:

Gold’s Still A Great Investment, Says Frank Holmes–The Price Will Double



Until a month ago, investment experts seemed to be unanimous: Whatever you did, you had to own gold.
But then gold suddenly plummeted from $1,900 an ounce to about $1,650 an ounce, and suddenly the conviction level seemed to weaken.
So is that it? Is the great gold boom that has taken the metal up nearly 10-fold from about $250 an ounce a decade ago finally over? Are those who buy now just leaping aboard a train that's about to wreck? Read, see, and hear it HERE.






Currencies from KitCo:





Some Prices: DOW up 35 to 11159; S&P down 1.70 to 1163.45; NASDAQ down 12.96 to 2493.58; Gold up 3.30 to 1653.60, and Silver up 0.39 to 32.32.

Best to each, Doug

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