A Time to Arm for Self-Defense - 2 days of DOW Disaster - Currencies Up Against the Dollar - A Cataract Experience - Malinvestment Must Work its Way Before a Recovery
Folks,
I have had a marvelous experience with cataract surgery. First, the surgery was a piece of cake with no ill effects. The following day, the pirate eye patch was removed and within about 30-40 minutes, my vision in the left eye had remarkably improved. For some eighty years, my left eye was the lazy one, so I used my right eye virtually all the time. The brain is a marvelous creation by our Creator God. Without my consciously doing it, the brain immediately began using the "new" left eye and leaving the right eye to oblivion. The right eye is scheduled to be made new on November 10th., and I am looking forward to that for certain. Colors are brighter and I now have 20/20 vision in the left eye which I have never had before. I praise the Lord daily for another blessing of His providential care. I can now see!
The Federal Reserve, the United States Government, and others are pushing Europe to solve the debt problem of the PIIGS with more debt. Ask yourself, how can increased debt which caused the fiasco in the first place can solve a debt problem. No rational person can believe that is the correct solution. The malinvestment must be allowed to rectify with even great pain before a true and lasting recovery can begin.
Malinvestment due to easy paper "money" and debt creation must, first, be worked out of the entire world. The malinvestment caused individuals, businesses, and governments to over spend to support the consumerism of the world, and to provide politicians with the opportunity of over spending to gain votes. This must be corrected!
Vision to America:
Sheriff: Time For Citizens To Arm Themselves
The Spartanburg County Sheriff is known for speaking his mind, and at a news conference on Monday, he didn’t hold back his anger and frustration after a woman was attacked in a park over the weekend. HERE.
KitCo News:
P.M. Kitco Metals Roundup: Comex Gold Ends Slightly Lower But Well Off Daily Low On Bargain Hunting 01 November 2011, 2:36 p.m. By Jim Wyckoff Of Kitco News |
Mine Web:
Greek referendum call hits gold and silver - but for how long?
Greece's decision to hold a referendum on the bailout package created Eurozone uncertainty and raised the dollar with gold and silver falling back as a consequence. All the attention has been diverted to the PIIGS, particularly, to the Greek Fiasco. However, we should recall that the entire world has a financial fiasco situation with the failing paper currency system. How long can governments and their banks hold on to the fraudulent, failed system? HERE.
Gold mining stocks: going sideways with small and microcaps doing well
An analysis of the performance of gold mining stocks vs the gold price shows that those which look to have performed best in the year to date are small and microcap pure gold plays. The miners have been following the general market, but not suffering like the general market on the down side. HERE.
While neither the HUI nor the DOW are showing an severe over sold condition, the HUI seems to be moderating while the DOW continues on its merry way downward.
Back to Mine Web:
Royal Canadian Mint's new gold ETRs program challenges gold ETFs
The Royal
Canadian Mint is taking the gold ETFs head-on with the introduction of
the new Canadian Reserves gold ETR program aimed at eliminating the
middleman in direct gold ownership. This could become even better than my preferred CEF. HERE.Gold could be poised for a big move
The latest move from Greece, which has put the whole Eurozone Greek rescue package in doubt again, could have a dramatic effect on the gold price. I cannot believe that the Greek situation is the cause of all the change in the price of gold or silver. There are other factors in addition to the intervention. The whole world is in with Greece bogged down with overwhelming debt. Perhaps China, Singapore, India, and some other Asians do not have the extreme problem, but they have some of their own in malinvestment. HERE.
Eurozone debt ‘resolution' hasn't seen gold and silver plunge. Why not?
You might have thought a ‘resolution' to the Eurozone debt crisis would have caused gold to tumble, the euro to soar, and the dollar to fall - perhaps with the gold price in the dollar steady. So why is the price of gold behaving as it is? Answers?? HERE.
Make sure you hold some gold as Government ‘Ponzi Schemes' escalate
As governments continue to perpetuate the chaos that is already occurring in the currency markets, the advice is make sure you own some gold - the oldest form of sound money. Amen! HERE.
Currencies from KitCo:
Closing Metal Prices: Gold up 4.80 to 1719.90, and Silver down 0.79 to 33.45. Both are holding quite well after the severe capping and/or profit taking over night.
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