Thoughts on Markets

Tuesday, October 11, 2011

Fear God and Obey Him - Government Raids - 3 Day, 1 Year, & 10 Year Gold - Gold & Silver struggling - Dollar - Euro - Gold Machines in China

The world seems to be in total chaos and the leaders seem as confused as ever. They are clueless to the total solution. This is God's way of calling the Christians to repentance. We need repentance as individuals, families, churches, and nation. There is no true and final end to the chaos without the law of God being applied throughout all of life. 
The Scripture of the Old and New Testaments is sufficient for living a the life to which God has called us. It leads us to the fear of the Living God of all. To the recognition of our sinful nature which leaves us incapable of choosing King Jesus. To the realization that we have a Savior in King Jesus who is the only way to salvation. Finally, it leads us to repent and orient our lives in accordance with His word. 

None of this can happen until the Holy Spirit, by the grace of God, brings us to life and teaches us from God's Word. Then we find this word all sufficient, all encompassing, and total truth. We then desire to know and understand the wisdom and knowledge which is contained therein to please the Lord who died in our place that we might be reconciled with the Father and live an eternity with Him. Praise Him daily!


Thomas Sowell

Reverse Racism 
Thomas Sowell
Among those who have been disappointed by President Barack Obama, none is likely to end up so painfully disappointed as those who saw his election as being, in itself and in its consequences, a movement toward a "post-racial society."
Like so many other expectations that so many people projected onto this little-known man who suddenly burst onto the political scene, the expectation of movement toward a post-racial society had no speck of hard evidence behind it -- and all too many ignored indications of the very opposite, including his two decades of association with the egregious Reverend Jeremiah Wright. HERE.

Chuck Norris

Guns, Guitars and Government Raids
Chuck Norris
It's enough to make all tree-hugging, EPA-loving, spotted owl seekers weep.
In August, armed federal agents raided the offices and factories of the legendary Gibson Guitar Corp. in Nashville and Memphis. It was the second time the feds had ransacked the renowned Tennessee guitar-maker since President Barack Obama took office. And what were they going after? Dirty laundering monies? Gun smugglers? Cocaine cargo that could make cartels quiver?
No. The federal search and seizure sought to capture ... ready? Wood. To be exact, rosewood and ebony from India, which the U.S. Fish and Wildlife Service had declared to be illegal to import.
Yes, your tax dollars were again hard at work as federal agents sought to bust another pillar of American business by rounding up alleged tree contraband based upon a century-old law. HERE.

David Limbaugh 

Obama Is Occupying America
David Limbaugh
Rational people realize that President Obama's policies have been an abysmal failure, which is why his only hope for re-election is to try to sow confusion among the voters, such as those populating "Occupy Wall Street."
People often say the success of democracy depends on an informed electorate. Given his record, that's the last strategy Obama can afford to embrace. Short of a fortuitous economic miracle falling into his lap, his only hope for re-election is that enough voters are misinformed.
From day one, Obama has been savaging George W. Bush for bequeathing him "the worst economy since the Great Depression." But he hasn't scapegoated Bush alone. He also impugned "fat cat bankers" on Wall Street and other evil corporations for "creating the mess" and for being its primary beneficiaries while everyone else was hurting. Conveniently, he didn't point his accusing finger at the real culprit, the liberal affordable housing policy that he supported. HERE.


Luxury market in China, India to push jewellery sales
The luxury goods market globally had sales of $250bn in 2010, and analysts say China and India's portion of that is set to grow, with India focusing on jewellery. HERE.

Gold slips as optimism about euro zone debt plan wanes
Prices for the yellow metal slipped 1% on Tuesday as stocks and the euro fell as investor optimism about a plan to solve the euro zone debt crisis moderates. The eyes of investors are staring at the crisis in Europe. Therefore, the even greater problems in America are ignored. Perhaps, that is a blessing for us. HERE.

Protecting with gold and gold stocks in the Kondratieff winter - Ian Gordon
Ian Gordon, founder of Longwave Analytics and Longwave Strategies tells The Gold Report that physical gold and certain gold stocks will be investors' best hedge and overall solution to the worst financial crisis the world has seen. HERE.

Politicians, Financial Regulators, Banking Officials and Gold.
The global financial system is in a bad state and it seems to be getting worse, says David Levenstein, so it is important to protect what wealth one does have. HERE.

China installs gold vending machine, plans 2,000 more
With plans to roll out 2,000 more throughout the country, the Beijing Agricultural Commercial Bank officially installed its first gold ATM during the Chinese National day holiday. The Chinese are being encouraged to buy gold, as the government there is doing. HERE.

 A look at the long term perspective. Below, are the 10 year and 1 year gold graphs from Kitco:


Silver Eagle Bullion Sales Move into Record Territory
The American Silver Eagle was introduced in 1986 as a one ounce 99.9% pure silver bullion coin, with its weight, content, and purity guaranteed by the U.S. government. The obverse design features Adolph A. Weinman’s Walking Liberty design used on the circulating half dollars struck from 1916 to 1947. The reverse features a heraldic eagle designed by John Mercanti.
When the coins were first available in November and December 1986, the US Mint recorded sales of 5,096,000. In the following year, when the coins were available throughout the year, sales reached 9,420,000. Annual sales registered lower for the next twelve years, bottoming with annual sales of only 3,466,000 coins in 1996. In 2002, sales exceeded 10 million for the first time and set an annual sales record at 10,475,500. It is a beautiful coin, and it is silver. HERE.

Miners from Scottrade:
Currencies from KitCo:
Some Prices: DOW off 13.74 to 11419.90; S&P up 1.10 to 1135.90; NASDAQ up 17.12 to 2583.23; Gold off 7.20 to 1668; Silver up 0.04 to 32.08.

Best to each, Doug


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