Thoughts on Markets: Every Lord's Day join in corporate worship - Dollar slumping - Stocks Up - Metals Up - Are the metals still being capped?

Paul under the inspiration of the Holy Spirit is exhorting all of God's people to join together in corporate worship as we can read in the following verse of Scripture.

"Not forsaking the assembling of ourselves together, as the manner of some is; but exhorting one another: and so much the more, as ye see the day approaching." (Heb 10:25)

He considers this to be a duty, a calling, and essential part of the Christian life. He knows that we need to hear the word of God accurately proclaimed over and over again for our growth into the likeness of King Jesus. While individual salvation may be between the individual and King Jesus, nevertheless, we need the fellowship of other believers, corporate worship of God and the grace dispensed through the two sacraments.

In the following verse, Paul points to the day which the early church and the apostles proclaimed as the appropriate day for corporate worship. It was to be on the first day of the week, because Christ was raised from the dead on the first day of the week some 2000 years ago.

"Now concerning the collection for the saints, as I have given order to the churches of Galatia, even so do ye. Upon the first day of the week let every one of you lay by him in store, as God hath prospered him, that there be no gatherings when I come." (1Co 16:1,2)

If you attended corporate worship yesterday, that is good. If not, this was written as encouragement and exhortation to make a commitment to honor King Jesus by joining the corporate worship every Lord's Day in the future which He has given you to live. Praise Him daily and grow in ever increasing obedience to His law.

From the Daily Pfennig this morning:

"And then, getting back to Gold for a minute. everything I read about shipments, receipts, holdings, and demand all lead me to believe that the price of Gold (& Silver) is being held down artificially. The deliveries to the Comex approved vaults continue to be at record levels. And the deliveries of that Gold & Silver are for holding of someone's metal. That's right. someone owns that metal, which means it has been bought, and if the deliveries are at record levels that means the buying is at record levels! And. that's just 1/2 of it, folks. the other 1/2 is shipped directly to people to want to bury it in coffee cans in the back yard.

Just kidding. but it's true.. 1/2 gets shipped, 1/2 gets safe kept in a vault with the owners name on it. So, the demand continues to be very strong, folks. so what's keeping the price of Gold suppressed in the $1,600 handle? Well.. you know what I think, for I've gone through this over and over again, until I'm blue in the face. Today, I'm just kind of red and green. with a fat lip that's turned white!

So. when will the regulators, or the Gov't for that matter look into this? Never is the answer, folks. You see, if you asked me out on the patio in the backyard I would tell you that it's the Gov't that's behind all this, for they can't have people losing their faith in the dollar. Now, I'm not smart enough to think of that myself. I read it in the Wikileaks memo that I gave you the link to a few months ago. But, like I said, I don't think I can say that here, but out on the patio I can!" I can say that I totally agree with Chuck Butler on this. It would be interesting to know what the price of gold and, also, silver without the artificial capping.

MineWeb:

GATA gold/silver suppression spat with Jeff Christian getting personal

The war of words between GATA and CPM's Jeff Christian is getting increasingly bitter coming to a head after a debate at the Silver Summit conference in Spokane (Link to video of the debate attached). HERE.

Camping it up in gold and silver

No metals have the divisive impact among economists, bankers and investors as 
gold and silver.  The viewpoints of the two camps are noted and the 
writer's own conclusions on where they are headed. HERE.

Below, is a Stock Charts graph of GLD which serves as a proxy for gold which is updated every 20 minutes while the markets are open. The gold graph is not thus updated. I would like to see gold remain above the 50 Day Moving Average, but this is a strong graph hinting at higher prices for gold. Higher prices for gold are indicated very strongly by the fact that all unbacked paper currencies are being depreciated by central banks and governments throughout the world. The financial fiasco continues and promises more of the same type of actions which make gold, and to a lessor extent silver the preferred currency to preserve wealth. No paper currency can realistically live up to that standard.

KitCo News:

A.M. Kitco Metals Roundup: Comex Gold Higher Amid General Commodity Market Strength
24 October 2011, 8:07 a.m.
By Jim Wyckoff
Of Kitco News

Comex December gold futures are trading higher Monday morning, as the raw commodity sector sees mostly higher prices across the board to start the trading week. Better physical demand coming out of Asia is also credited with boosting the gold market Monday. December gold last traded up $18.50 at $1,654.60 an ounce. Spot gold last traded up $11.00 an ounce at $1,653.50. December Comex silver last traded up $0.307 at $31.50 an ounce. HERE.