Thoughts on Markets

Judgment Day Will Come! - Silver Wheaton - IAMGOLD - Dollar Up - Metals Down - Taxation of Corporations? -

2011-11-09T09:42:00.000-06:00

We must always remember that we cannot trust governments which are run by men who are ignorant of the Law-Word of God or fail to apply it to all of their service in government. Men are forever changing while the law of God is forever the same.

When people, families, churches, or governments ignore the law of God contained in both the Old and New Testaments, the result is chaos. So called "New Testament Churches" often ignore the application of God's law as passe except for the Ten Commandments. It is very difficult to apply God's law without the insight of the Old Testament examples of civil laws and corresponding punishments for violations. We cannot please God without having Godly law for civil governments as contained in the Old Testament. Much of common law and even the aborted laws of today reflect these in principle.

King Jesus rules and is through His body, the church of today, is taking dominion until all the nations are under His foot. Then He will deliver them to the Father and we shall all appear before the Great White Throne of judgment. We must praise Him daily for reconciling His people with the Father before the final day. Rejoice in the Lord always, and again, as Paul wrote, rejoice!

Town Hall:

Ignorance Exploited
Walter E. Williams

Virginia has a car tax. Does the car pay the tax? In most political jurisdictions, there's a property tax. Does property pay the tax? You say: "Williams, that's lunacy. Neither a car nor property pays taxes. Only flesh-and-blood people pay taxes!" What about a corporation? As it turns out, a corporation is an artificial creation of the legal system and, as such, a legal fiction. A corporation is not a person and therefore cannot pay taxes. When tax is levied on a corporation, who pays it? HERE.

Kit Co News:

A.M. Kitco Metals Roundup: Comex Gold Sees Modest Selling Pressure As EU Debt Crisis Escalates
09 November 2011, 8:00 a.m.
By Jim Wyckoff
Of Kitco News

Comex December gold futures prices are modestly lower in early U.S. trading Wednesday. It’s a “risk-off” day in the market place so far Wednesday as European and U.S. stock markets have sold off sharply amid an escalation in the European Union sovereign debt crisis. Despite being a safe-haven asset, the gold market is succumbing to the selling pressure seen across the commodity market spectrum so far Wednesday. Some profit-taking pressure from recent solid price gains is also occurring in the precious yellow metal. December gold last traded down $6.00 at $1,793.20 an ounce. Spot gold last traded up $7.00 an ounce at $1,792.50. December Comex silver last traded down $0.378 at $34.775 an ounce. HERE.

Reuters:

UPDATE 1-Silver Wheaton Q3 profit jumps; raises dividend
Silver Wheaton Corp reported a 96percent jump in third-quarter profit, driven by strong silverprices, and the company tripled its dividend for the currentquarter.
The company has linked dividend payments to operating cashflows in the prior quarter and will now pay a dividend of 9cents per share in the fourth quarter. Another of my core holdings among silver miners. HERE.

Mine Web:

Have gold stocks really underperformed bullion?

Major and mid-tier gold stocks have mostly kept up reasonably well with the rising gold price over the past three years, but the market wants more, so will this come about with the big earnings increases now being achieved. HERE.

Gold falls on strong dollar, Italy debt fears mount

Gold fell from Tuesday's high of $1,802.60, its strongest since late September, on Wednesday as the dollar strengthened and doubts about Italy's ability to tackle its debt problems persisted. HERE.

Gold to average $2025 an ounce during very volatile 2012 - HSBC
HSBC analyst, James Steel says the group expects the yellow metal to trade between $1,700 and $2,300 next year as safe haven buying returns and the risk on, risk off scenario continues. This is certainly quite possible. I still look for gold to be about 2000 by year end. However, it continues to struggle against intervention and profit taking, so it could miss my expectation. HERE.

IAMGOLD reports 182% in 3Q11 adjusted net earnings
IAMGOLD announced that its adjusted net earnings for the first nine months of this year increased 186% as 3Q11 adjusted net earnings rose 182%. Another core holding. HERE.

Miners from Scottrade:

Currencies from Kit Co:

Metals Prices: Gold up 1.20 to 1786.30 and Silver down 0.44 to 34.46. Silver is beginning to see more retail buying of the metal. It is the "poor man's gold." Can it be that some of the masses are seeing the light? Gold demand remains strong, too.

Best to each, Doug

Are immunizatons dangerous? - Look to the true Messiah, not the fake messiah of states & banks -DOW & Metals Down a Bit - Miners Holding in a Narrow Range - West Discussing Selling Gold - China Buying Gold

2011-11-08T09:36:00.002-06:00

Folks,

There is a lot of news from Europe and the Greek and Italian fiascoes. This has impacted the price of gold as many investors are beginning to see that gold and silver are the true safe havens. Why they generally run to the dollar and treasuries is a puzzle except for the fact that these are quite liquid and the world have become accustomed to the dollar. However, would they, as is beginning, to look behind the curtain to see the "Wizard of Oz" pulling the levers at the Federal Reserve, they would be searching for true value and not just what they have done for decades since WWII.

We must remember that true security only rests with King Jesus. The state and banks are fake messiahs. They are governed by men, all of whom are damaged by sin. Our Sovereign God has all truth, all wisdom, all creativity, all power, all knowledge, and is all in all. The great I Am wrote the entire bible to reveal the Triune God to the world and to point men to the only true Messiah: Jesus Christ the Son of God. It also is a complete operating manual for all men. There is no way to please our Lord and Savior except by the way He desires as written in the bible. Prayerfully study it daily after seeking the Holy Spirit's guidance. Then be a doer, not just a reader/hearer of the Law-Word of God. Praise our Triune God daily and give thanks in everything you have or do. He provides all that we have and are.

He also provides peace and hope to His people as we learn to trust and rest in Him amidst the storms of life. Bless His holy name and be grateful in everything at every time.

Town Hall:

Numbers Games
Thomas Sowell

One of the things that has struck me, when I have gone on luxury cruise ships, is that most of the passengers look like they are older than the captain -- and luxury cruise ships don't have juveniles as captains.
The reason for the elderly clientele is fairly simple: Most people don't reach the point when they can afford to travel on luxury cruise ships until they have worked their way up the income ladder over a long period of years.
The relationship between age and income is not hard to understand. It usually takes years to acquire the skills and experience that high-paying jobs require, or to build up a clientele for those in business or the professions.
But those in the media and in politics who are currently up in arms, denouncing income inequalities, seldom mention age as a factor in those inequalities. This reminds me of the approach of the communist. Their plan has always been to create unrest and set people against each other. The same is going on with much of the sit ins around the world and in America today. HERE.

The Venom in Feds' Vaccinations
Chuck Norris

While most mainstream news media cover presidential campaigns or economic conditions, the feds are going under the radar and your skin -- literally -- with something that could be detrimental to your and your children's health. News just broke about their cover-up, but few, if any, agencies passed along the wire.
According to the Centers for Disease Control and Prevention, 1 in 110 children have autism spectrum disorders, which is strikingly more than just two decades ago. (ASDs are a group of developmental disabilities that can cause communication, behavioral and social challenges.) The National Autism Association calls the 644 percent increase of ASDs among U.S. children since the early 1990s "a tragic epidemic of autism."
Many attribute the increase in the rate of ASDs to children's being exposed to significant quantities of thimerosal, a mercury-based compound that has been used since the 1930s as a preservative in certain vaccines and pharmaceutical products to prevent bacterial and fungal contamination. A freedom of great value is to be able to decide about individual health care. Obamacare has and will remove many choices from the people and result in a major loss in God-given freedom. Dr. Eva Snead wrote a great deal about the dangers of mass inoculations. Read the article HERE.

Poltics of Personal Destruction II
Cal Thomas

In 2007 when she was running for president, Hillary Rodham Clinton told a fundraising event in Carson City, Nev., "I sure don't want Democrats, or the supporters of Democrats, to be engaging in the politics of personal destruction. I think we should stay focused on what we're going to do for America."
Clinton's husband, the former president, used the phrase at the time of his impeachment proceedings for lying under oath about a sexual dalliance in the White House.
The politics of personal destruction is nothing new. It has been around from the beginning of the country when worse things were said about presidents and presidential candidates than have been alleged against Herman Cain. HERE.

It Can't Happen Here!
Pat Buchanan

Friday, thousands in Moscow, giving Nazi salutes and carrying placards declaring, "Russia for the Russians!" marched through the city shouting racial slurs against peoples from the Caucasus.
In Nigeria, Boko Haram, which is Hausa for "Western education is sacrilege," massacred 63 people in a terror campaign to bring about sharia law. Seven churches were bombed.
Sunday, The New York Times reported that Uzbeks in Kyrgyzstan are suffering "horrific abuse" following last year's pogrom.
Ethnic nationalism, what Albert Einstein dismissed as "the measles of mankind," and religious fanaticism are making headlines and history.
Welcome to the new world disorder.
What has this to do with us? Perhaps little, perhaps everything. HERE.

Mine Web:

The more gold the West sells the more China is buying
China is buying gold as part of a long term strategy to position itself ultimately as the global currency of choice and to the benefit of its citizens who it has encouraged to buy precious metals. The Chinese seem to use more intelligence than the West. They must be looking ahead to the demise of unbacked paper currencies. On the other hand, the West seems determined to perpetuate the fraud of paper currencies to protect their monopoly on "money." HERE.

Gold headed for near six week highs, Italy debt fears weigh
Gold remained firm on Tuesday and headed for near six week highs, with investors holding onto the safe haven asset due to fears that the euro zone debt crisis might engulf Italy. Gold is the way to preserve wealth amidst the flood of paper "money." Virtually all nations are facing a high level of debt with the U.S. way ahead of the rest of the world. Thus, gold is bound to be headed much higher as a true safe haven. HERE.

The big debate: gold equities or bullion?
Many investors are struggling to decide whether gold bullion or equities provide the best route through which to navigate the current global financial storm, for Julian Phillips, the answer isn't a simple one. In my opinion it is a decision based upon the purpose of the holding. Bullion, and I would include both gold and silver, is for preserving wealth. The mining equities are for the final blow off in metal prices when they have in the past well outdistance the price of metals. My first priority is to hold the metals and then look to the miners. HERE.

Gold, a Hedge Against the Financial Predators
For David Levenstein, the yellow metal is the only protection one can get against the chaos and corruption that is running rampant in the global financial system. HERE.

Kit Co News:

A.M. Kitco Metals Roundup: Comex Gold Trades Near Steady; Fresh News Regarding EU Debt Crisis Awaited
08 November 2011, 8:23 p.m.
By Jim Wyckoff
Of Kitco News

Comex December gold futures prices are trading near steady in early U.S. trading Tuesday. The market is pausing as traders await fresh developments from the ongoing European Union sovereign debt crisis. The precious yellow metal is flirting with psychological resistance at the $1,800.00 level. December gold last traded up $1.00 at $1,792.10 an ounce. Spot gold last traded down $5.10 an ounce at $1,791.00. December Comex silver last traded down $0.023 at $34.805 an ounce. HERE.

Reuters.

Credit Suisse asked to hand over U.S. client data
Credit Suisse will hand over details of wealthy Americans with hidden Swiss accounts to the Swiss government, bringing U.S. authorities one step closer to obtaining names of alleged tax cheats. Big Brother reaches out well beyond his borders to limit freedom of citizens. Tax cheats is an alleged excuse. More control is the true aim. HERE.

Miners from Scottrade:

Currencies from Kit Co:

Spot Metal Prices: Gold down 6.90 to 788.70 and Silver down 0.29 to 34.69 (Must have been capped a bit?)

Best to each, Doug

Greek - Italy - France - Gold, Silver, and Miners Sprinting - Fortuna Good News.

2011-11-07T10:32:00.000-06:00

Isn't it amazing that the news about the financial fiasco that we are facing in America is given little attention while the focus is on Europe >> the PIIGS. Greece is moving toward a "solution," and now we are exposed to Italy and France taking center. Folks, there "is trouble right here in River City." (Remember Music Man?)

Ours is much worse than almost the rest of the world put together. We have an obscene individual, business, and national debt which continues to grow. We have a Congress and White House on the greatest spending binge ever seen for the 4-7,000 years since the world's creation by our Sovereign God. There seems to be no end in sight for either the end of the debt or a slowing in the spending. Our unemployment is very high and is having a severe impact upon any hope of recovery.

Nevertheless, Europe takes center place in the news and receives the criticism, because they do not put more fuel (debt) on the fire created by debt. Who really believes that more of the cause will solve the debt problem? Of course, the heart of the matter is the unbacked paper currencies of the world and the fractional banking system which so easily creates "new money" at will.

Bloomberg:

Papandreou’s Gamble on Greek Democracy Sours as Vote Plan Leads to Ouster
George Papandreou took a gamble onthe most ancient of Greek traditions: democracy. Unlike his pastsuccess in extracting European bailout packages that avoideddefault, this idea helped lead to his departure.
During his two years in office, Athens became the nucleusof the European debt crisis and the Greek prime minister was itspublic face. While his legacy may be that of a man who tried tosave the euro, he leaves his country struggling to maintain theneeded flow of foreign aid. Now the interest is turning to Italy. At least, Italy is turning more into the news item. The Greek situation will still have to play out. HERE.

Berlusconi Struggles to Keep Power Before Key Votes
Prime Minister Silvio Berlusconistruggled to hold on to power and prove he can implementausterity measures pledged to European Union allies as reportsof his imminent resignation sent Italian stocks surging.
News agency Ansa said Berlusconi denied a report byGiuliano Ferrara, his former spokesman and editor of newspaperIl Foglio, who wrote today that the premier would step down“within hours.” Berlusconi will likely resign next week inreturn for support in a vote on the austerity and economic-growth measures, Ferrara said in a phone interview after hisinitial report.Update on Italy. HERE.

France Unveils $9.6 Billion in Taxes, Spending Cuts to Defend AAA Rating
France unveiled tax increases andspending cuts amounting to 7 billion euros ($9.6 billion) fornext year to defend its triple-A rating as growth slows andEurope’s debt crisis deepens.
The country will increase some levies on large companies,push up the lower end of its range of value-added taxes and curbwelfare spending, Prime Minister Francois Fillon said today. And France, too. HERE.

MineWeb:

Gold up as euro debt crisis intensifies
Gold climbed more than 1% on Monday as investors piled into the traditional safe haven asset as Europe's debt crisis intensified on worries about political instability in Italy and Greece. HERE.

30% year on year price growth for gold as economic instability continues
The latest economic news out of the Eurozone is hardly conducive to light at the end of the global economic imbroglio and thus gold and silver would seem likely to continue a steady upwards path overall. HERE.

KitCo News:

Technical Trading: The Week Ahead - Gold Bulls Charge Out of Starting Gates

07 November 2011, 10:37 a.m.
Mon Nov 7—The bulls charged out of the starting gates Monday morning and propelled Comex December gold futures to their highest level since September 22. The near term technical pattern has turned solidly bullish and momentum is trending higher, which is supporting healthy gains in early Monday action.
After spending much of October in a sideways consolidative pattern, gold bulls seized control of the near-term trend on October 25 and the market has been climbing higher in a new pattern of higher highs and higher lows. Daily momentum tools including the relative strength index (RSI) and the slow stochastics indicator are pointing higher in a bullish position. HERE.

MineWeb

A ‘sweet little deposit' in Mexico drives Fortuna Silver's growth

Production is on the up for Fortuna Silver Mines with a second mine in operation now; and with near term plans for expansion Fortuna Silver eyes doubling silver output. A nice report on one of my core holdings. HERE.

Silver is up, too, but not faring as well as gold. It may have received some more intervention, but the demand remains high. As usual, the apparent intervention is in the paper futures markets for the metals and not in the physical spot metal markets.

MineWeb:

Massive increases in Q3 gold miner profits but no re-rating yet

As gold companies continue to announce strong results from this round of quarterly earnings, dividends continue to be a hot button topic for analysts. HERE:

Miners from Scottrade:

Currencies from KitCo:

Metal Prices: Gold up 28.30 to 1782.30 and Silver up 0.55 to 34.68.

Best to each, Doug

Iran and Nuclear Weapons - SLW - Gold vs Silver - Miners Holding Well - Your trust is well placed in the Law of God, rather than the ever changing law of men

2011-11-04T10:50:00.001-05:00

King Jesus is confusing our markets as a judgment against us. The volatility is from more than just the Greek fiasco. The bucket of currencies is being stirred for more than can be observed from the latest news.

See particularly the video from Gold Money, below. Gerald Celente has a good bit of insight into problems of the world today. Of course, he does not attribute them to our Sovereign God, but you should find it of great value. He clearly tells us we cannot trust government by men.

Governments which are run by men without the benefit of God's Law lead to chaos in every nation. Men are always changing based upon whims or reactions to events. Thus, they are without consistency. Of course, consistently bad could be considered consistent. However, we should much prefer the unchangeable Law-Word of God. Scripture reports that God is "the same yesterday, today, and forever." That we can rest assured of His perfect consistency.

The Telegraph:

Iran: the damning nuclear evidence
Iran is attempting to engineer and test nuclear weapons at a series of banned production sites in defiance of United Nations sanctions, according to a report to be released next week. HERE.

The Daily Mail:

UK and U.S. 'draw up joint plan to attack Iran': Evidence of nuclear programme raises tension in Middle East

The UK and U.S. are drawing up plans to attack Iran amid growing tensions in the Middle East, it was claimed last night.
Barack Obama and David Cameron are preparing for war after reports that Iran now has enough enriched uranium for four nuclear weapons. HERE.

Gold Money:

Gerald Celente talks to Alasdair Macleod

Watch and listen to the video on GoldMoney.com HERE.

King World News:

Eveillard - Good Reasons Not to Trust Governments Today

With gold and silver trading strong, today King World News interviewed legendary value investor Jean Marie Eveillard, who oversees $50 billion at First Eagle Funds. When asked about his thoughts on where we are today, Eveillard stated, “I think the long-term secular case for gold is still in place. Some people say after an eleven or twelve year bull market, aren’t we in a bubble? There is nothing to say that after twelve years the bull market is over. Look at the bull market in Treasury notes and bonds, it’s thirty years old. So there is no particular length of time that implies that a bull market or bear market is over.”

When asked about the continued money printing, Eveillard replied, “To a large extent it makes the case for gold as a substitute currency because all currencies have become suspect. The Americans are printing, the European Central Bank also has been printing and the Swiss National Bank has been printing by trying to fix the Swiss franc to the euro. Japan may print money. HERE.

Uncommon Wisdom:

Don’t Be Afraid to Invest in Silver

Rudy Martin | November 4, 2011

Listen to the Pod Cast HERE.

King World News:

Robin Griffiths - Silver is a Ten or Twenty Bagger From Here

With gold and silver and mining shares rallying strongly, today King World News interviewed one of the top strategists in the world, Robin Griffiths of Cazenove out of London. Cazenove Capital is the appointed stockbroker to Her Majesty The Queen. When asked about the recent strength in gold Griffiths responded, “The ‘Indian Festival of Lights’ and wedding season have contributed to this rally in gold. The other issue right now is the referendum in Greece. Is this just another way of defaulting and leaving the euro or not? Regardless of how this all pans out there is going to be more paper money around and gold hedges that.” HERE.

Miners from Scottrade: These are holding very well even as the metals are more volatile.

Currencies from KitCo:

Metal Prices: Gold down 9.40 to 1755 and Silver down 0.32 to 34.16.

Best to each, Doug

Silver Lagging Gold a bit - Gold Strong - Miners Up - Dollar Down - Rare Earths Becoming More Challeging as China gobbles them up

2011-11-03T10:50:00.000-05:00

Historically back to creation by our God, the world has seen gold and silver as valuable. It has been used as real money since the need for a medium of exchange began to replace the barter economy. Our biblical patriarchs used gold and silver by weight and then as coins of fixed weight of the metals for all commerce.

While the war on gold still continues, more investors are beginning to see these precious metals as a store of wealth in place of the unbacked paper frauds we today call "money." More folks are beginning to climb on. Hence, the demand pushes the prices back up after each round of profit taking or capping.

Comparing gold and silver, we find that silver is again lagging behind gold. Therefore, I believe that silver will catch up with gold in the not too distant future. Perhaps, by year end.

We must always remember that true security rests with King Jesus for His people. We cannot depend upon our wealth, strength, health, or any other resource to provide total security. Even though we do all we can using our resources and strength, nothing except the saving work of Jesus Christ on the cross and the power of the Holy Spirit can provide eternal security. Praise the Triune God for His providential care.

Seeking Alpha:

VIX ETFs Come Back To Life

November 2, 2011 | includes: AAVX, BBVX, CCVX, CVOL, DDVX, EEVX, FFVX, IVOP, SVXY, TVIX, TVIZ, UVXY, VIIX, VIIZ, VIXM, VIXY, VQT, VXAA, VXBB, VXCC, VXDD, VXEE, VXFF, VXX, VXZ, VZZB, XIV, XVIX, XVZ, XXV, ZIV

Exchange traded funds that track CBOE Volatility Index futures have rallied this week on renewed fears of a disorderly Greek default.
The VIX shot higher by 16% on Tuesday as markets were surprised by Greece’s leader calling for a referendum on the latest bailout. The move raises uncertainty over whether the financially troubled country will remain in the European Union.
Wall Street’s “fear index” has spiked after falling below 25, “generally considered the dividing line between a worried market and a not-so-worried market,” reports WSJ.com’s MarketBeat. HERE.

MoneyMorning:

One Man's Mission: Building the World's Safest Bank

November 3, 2011

By Martin Hutchinson, Global Investing Strategist, Money Morning

One Canadian entrepreneur may well be forging an innovative path to changing the global banking landscape - for the better. And in the process he may build the world's safest bank.

Eric Sprott, the billionaire resource investment guru, is buying 51% of Ontario currency trader Continental Currency Exchange Corp., with the aim of making it into a financial institution that, refreshingly, will not make loans.

That's not a misprint. This is an interesting endeavor. Read it HERE.

Stratfor:

Anonymous vs. Zetas Amid Mexico's Cartel Violence
The online activist collective Anonymous posted a message on the Internet on Oct. 31 saying it would continue its campaign against Mexican criminal cartels and their government supporters despite the risks.
The message urged inexperienced activists, who might not be practicing proper online security measures, to abstain from participating. It also urged individuals associated with Anonymous in Mexico not to conduct physical pamphlet drops, participate in protests, wear or purchase Guy Fawkes masks, or use Guy Fawkes imagery in their Internet or physical-world activities. Guy Fawkes was a British Roman Catholic conspirator involved in a plot to bomb the British Parliament on Nov. 5, 1605. The British celebrate the plot’s failure as Guy Fawkes Day each Nov. 5. In modern times, the day has come to have special meaning for anarchists. Since 2006, the style of the Guy Fawkes mask used in the movie “V for Vendetta” has become something of an anarchist icon in the United Kingdom and elsewhere. HERE.

InvestorPostcards:

Global manufacturing PMI tanks!
Posted by Prieur du Plessis under Economy This is a world wide recap of the statistics. I listened to get the jest. There are several other articles of interest for your viewing. The Pod Cast is HERE.

MineWeb:

The questions resource investors should be asking - Michael Berry
Dr. Michael Berry looks at the impact of the EU crisis on the gold market and the types of questions that investors should ask before making decisions. A Gold Report Interview. HERE.

Town Hall:

Cal Thomas
Herman Cain's Gauntlet

When it comes to sex, the media apply different standards to Republicans and Democrats. This is a recap of past escapades and points to the different standards. HERE.

What's Wrong with 'Tolerance'?
Robert Morrison

First Things journal published an article recently titled “The Islamic Case for Religious Liberty.” It was written by a Muslim scholar from the University of Melbourne in Australia. Abdullah Saeed’s article is an eloquent expression of the need for greater openness within Islam. He concedes that the strong case he makes for religious liberty is not observed in Muslim majority countries today.
Prof. Saeed is right about that. Freedom House, the respected U.S.-based organization that monitors the status of freedom throughout the world, shows only one country in the entire Mideast that is “free.” That tiny sliver of land is called Israel. Not one Muslim majority country in the Mideast or North Africa is listed as free.
We who live in freedom have a right to ask pointed questions about the broad swaths of “not free” regions. Of the 192 nations “represented” in the UN General Assembly, most are not free. If the PLO is given a voting membership in the UN, it will join dozens of other dictatorial regimes whose votes outweigh the free states’ delegates who vote there. Extreme tolerance gives us politically correct multiculturalism, pluralistic religion, non-profiling when searching for terrorists, and other questionable concepts and actions. HERE.

Resource Investor:

Rare Earths, No Easy Substitutes

Hard Assets Rare Earths Investment Conference 2011 Online Preview

Published 11/2/2011

Light, strong rare earth elements (REEs) revolutionized the digital era and changed the face of our everyday lives. Even as shortages loom and companies scramble to find low-cost solutions, these critical materials cannot be easily replaced, nor can opportunities in this sector be dismissed. In this special for The Critical Metals Report, Gold Stock Trades Editor Jeb Handwerger calls attention to mainstream media's shortcomings in its REE sector coverage and profiles one company already making headlines. HERE.

Kit Co News:

03 November 2011, 10:44 a.m.
By Jim Wyckoff
Of Kitco News

Gold Extends Early Gains on ECB Rate Cut, More Safe-Haven Demand We should be seeing more movement toward precious metals for this reason >> conservation of wealth in the face of depreciating unbacked paper. HERE.

Miners from Scottrade:

Currencies from KitCo:

Metal Prices: Gold up 19.30 to 1756.70 and Silver down 0.14 to 34.13. Both holding well in spite of capping or profit taking.

Best to each, Doug

Democracy Discussed - Markets Rebounding - Miners are up quite strongly - Precious Metals climbing ahead

2011-11-02T11:39:00.000-05:00

Folks,

Below are two articles on Democracy. While our founding fathers gave us a republic, it has become a democracy over time as the Constitution was disassembled. Ben Franklin, said when asked what kind of government was founded, "A republic if you can keep it."

The republic form of government is based upon the Scriptural form of church government in which elders are put forth by the session (Apostles in Jerusalem), the ruling body and the people elect them to rule the local churches. Historically, the Presbyterian churches have this form of government. The elders rule on the basis of God's Law as representatives of the people. It is not a democracy.

Democracy is fundamentally a government which rules on the basis of what the majority desires apart from any higher law. Thus, the mobs elect those who will reward them with the greatest benefits. Or more correctly, those who through numerous sound bites promise them the electorate the most. Of course, seldom does and elected official keep his promises to the people once he gets into office.

De Tocqueville warned against a democracy in which the majority can decide the law and vote to achieve greater benefits for themselves. Through our history, we should have heeded his warnings after fully obeying Scripture.

The two articles which follow are written by learned men.

TownHall:

Democracy Versus Mob Rule
Thomas Sowell

In various cities across the country, mobs of mostly young, mostly incoherent, often noisy and sometimes violent demonstrators are making themselves a major nuisance.
Meanwhile, many in the media are practically gushing over these "protesters," and giving them the free publicity they crave for themselves and their cause -- whatever that is, beyond venting their emotions on television.
Members of the mobs apparently believe that other people, who are working while they are out trashing the streets, should be forced to subsidize their college education -- and apparently the president of the United States thinks so too. HERE.

Democracy Is Impossible
Walter E. Williams
After Moammar Gadhafi's downfall as Libya's tyrannical ruler, politicians and "experts" in the U.S. and elsewhere, including French Foreign Minister Alain Juppe, are saying that his death marked the end of 42 years of tyranny and the beginning of democracy in Libya. Sen. Chris Coons, D-Del., said Gadhafi's death represented an opportunity for Libya to make a peaceful and responsible transition to democracy. House Speaker John Boehner, R-Ohio, said, "Now it is time for Libya's Transitional National Council to show the world that it will respect the rights of all Libyans (and) guide the nation to democracy." German Chancellor Angela Merkel said that "Libya must now quickly make further determined steps in the direction of democracy." It's good to see the removal of a tyrant, but if we're going to be realistic, there's little hope for the emergence of what we in the West call a democracy. Let's look at it. HERE.

Mine Web:

The speed of gold's bounce impresses
Gold prices remained steady in morning trade in London despite the ongoing turmoil in Greece and analysts have been impressed with the speed at which gold has returned to the $1,730 level. HERE.

Gold to rally to new record in March - analyst forecasts
According to a new survey of gold analysts, gold is likely to rebound from its biggest monthly plunge since 2008 and reach a new record by March because economic growth is stagnating and Europe continues to struggle. HERE.

Bloomberg:

Einhorn Bets Gold Mining Companies Will Beat Bullion
Hedge-fund manager David Einhorn isbetting that gold-mining companies will outperform bullion,reversing the trend from the past six months.
“A substantial disconnect has developed between the priceof gold and the mining companies,” Einhorn said today in aconference call discussing results at Greenlight Capital ReLtd. (GLRE), the reinsurer where he is chairman. HERE.

King World News:

James Turk - What You Need to Know About Gold Suppression

With central bank intervention in gold becoming widely accepted as reality around the globe, today King World News interviewed James Turk out of Spain to get his take on central bank interference in the gold market. Turk started by giving a brief lesson on the history of these failed manipulations, “Yeah, it’s an important part of monetary history. It (the London Gold Pool) was established in 1961 by central banks around the world in order to try to make the Bretton Woods system, which had been created near the end of the Second World War in 1944, it was trying to make that system work.” HERE.

Miners from Scottrade:

Some Prices: Gold up 16.90 to 1736.80 and Silver up 0.70 to 34.15. Both are resuming the upward climb.

Best to each, Doug

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

2011-11-01T17:13:00.001-05:00

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

Comex December gold futures ended the U.S. day session modestly lower but nearer the daily high as bargain hunters stepped in to buy the lower price levels seen earlier. Some fresh, bullish European Union news headlines at midday also lifted the precious metals markets and many other markets off their daily lows. December gold last traded down $4.40 at $1,720.80 an ounce. Spot gold last traded up $4.30 an ounce at $1,720.00. December Comex silver last traded down $0.959 at $33.38 an ounce. HERE.

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.

Best to each, Doug

UN Intervention?? - Harmony (HMY) - Dollar Up Except Against Yen - Gold & Silver Hit hard last night - Miners are following the general market down - May offer another buying opportunity before long

2011-10-31T10:11:00.000-05:00

Folks,

God in His wisdom gave the Promised Land to the Israelite families, not the government. All of Scripture seems to support this concept. Ahab and Jezebel were killed by God when they stole the private vineyard. Thus, the principle was reinforced.

The United Nations seems on the verge of usurping the power of individual nations in the interest of environment protection at the expense of all. We must urge our politicians not to support the UN any longer.

I am very concerned about all actions of the United Nations and believe we should end our support, thereof, and then have them moved out of the United States. This organization continues to be a threat to our nation and to all personal liberty to each of us and all others abroad. Of course, the actions of the Federal Government for decades and two centuries have been virtually the same. Look at Agenda 21 on the UN official site in the article below.

United Nations:

Agenda21
Agenda 21 is a comprehensive plan of action to be taken globally, nationally and locally by organizations of the United Nations System, Governments, and Major Groups in every area in which human impacts on the environment. Folks, this appears to be a surrender of authority which belongs to nations under God to some form of international intervention of God-given family property rights. Beware, the United Nations is an anti-freedom organization from the git go and this is another step toward the final total trashing of our Constitution. HERE.

The Daily Pfennig (Pfennig@EverBank.com): "And then Gold. The shiny metal is off by $21 this morning. more & more, you see this asset manipulated and manipulated. A friend of mine, Thanks Dennis, sent me a note that should cheer up Gold holders like me. From Swiss America. "Gold will continue rising in value over the coming years for one reason: The primary buyers are purchasing physical gold for wealth preservation, and there simply isn't enough physical gold to satisfy their appetites. The recent pullback was by no means the bursting of the gold bubble. Bubbles are characterized by months of extended exuberance and consistently higher highs-not the two- and three- hundred-dollar corrections we've seen twice in the past few weeks. Such pullbacks are healthy as they indicate gold has much, much farther to go. Those who buy gold for wealth preservation are happy. Gold has outperformed all other asset classes for most of the past decade. As other asset classes, such as bonds, currencies and stocks, become more positively correlated to each other, gold continues moving in the opposite direction and therefore continues serving its true purpose of wealth preservation effectively.""

Mine Web:

Costless, limitless, meaningless money ever since the gold standard demise
Once-upon-a-time, a debt default wasn't known as "forgiveness"...Since Nixon cut the dollar link to gold we've seen a succession of ever bigger credit bubbles. HERE.

Gold mining rush in India as high prices see resurrection of old mines
Though India's exploration and mining development continue to lag behind other nations, the high gold price points to a revival in gold exploration and mining, even as Hutti's Chitradurga mine opens its doors after six years. HERE.

JP Morgan joins China's main precious metals bourse
The China unit of investment bank JP Morgan has become the eighth foreign financial institute to gain entry to China's main precious metals bourse, the Shanghai Gold Exchange. HERE.

Gold and silver market morning: Concocted air of stability
Gold and silver prices slipped overnight in Asia but began to pick up again in trading in Europe ahead of New York opening. HERE.

Harmony Gold's Q3 earnings beat expectations on bullion's record run
The gold miner posted a more than three-fold increase in quarterly earnings on Monday, beating expectations on the back of bullion's record run. Another of my core holdings. HERE.

Wall Street Daily:

Why You Should Buy Silver Now, Not Gold
“Buy gold now!”
So say many talking heads and investment writers.
Their rationale is simple: Having hit a high of $1,900 per ounce in both August and September, the price has since tumbled to around $1,740.
But does that fact alone make gold a screaming buy?
While I’m bullish on gold, the fundamentals suggest that silver may actually represent the better investment here. Let me explain…
Silver: Gaining Support and Outperforming Gold
Silver is a unique metal in that it boasts a variety of industrial applications, in addition to being a great safe haven and store of wealth. This article has some good graphs. HERE.

Miners from Scottrade.com: The miners have been hit as the metals are suffering from over night capping and/or profit taking. I was hoping for a lower correction to add to my portfolios, but it may not happen. Both metals seems to be clawing their way back. We will have to wait a short while longer. This is the season for higher prices in the metals which usually spills over into the miners.

Currencies from Kit Co:

Some Prices: DOW off 135.50 to 12095.50; S&P off 15.69 to 1269.40; NASDAQ off 26.60 to 2710.59; Gold off 20.30 to 1723.10; Silver off 0.89 to 34.40. General markets down and miners are following the example even though the metals are above recent lows. Some day the miners will part company with the general market as the metals rush into the third phase.

Best to each, Doug

Gresham's Law - Dollar Mixed - Euro holding on - Gold & Silver remain at nice levels -School district pays for Muslim for Mecca trip - Ron Paul interviewed by FOX News - Portugal debt problems - Sprott on Silver - Hathaway on Gold & Miners

2011-10-28T10:28:00.000-05:00

Folks,

Today we have the general market marginally down to even, silver up marginally, and gold slightly down. Note the discussion on gold vs. miners, below. This may help you to make your own decisions which I always urge. This blog only presents my market activities and thoughts which may or may not be advantageous for you and may well not fit with your portfolios.

I have been re-reading much of the Bible searching for more insight into money and finances. It is always exciting to discover how often purchases were made using real money: gold and silver by weight. Throughout the Centuries people have relied upon real money for preservation of wealth. Both of these metals, gold in particular, have become acting more as money in place of the paper trash "money" which is widely used throughout the world.

Always remember Sir Thomas Gresham's Law, "Bad money drives out good money." Actually, while he was Secretary of the Exchequer in Great Britain under Henry VIII, he made this observation and it was developed into a observable law by economists over time.

How many pre-1965 U.S. silver coins do you find in circulation today? They are virtually all gone. I haven't seen one in circulation for over three decades while they were quite common in the 1960s and into the 1970s. They are held by knowledgeable investors and many have been melted to recover the 90% silver content.

God warns His people against the use of unequal weights. His warning is equally applicable to governments. "Sandwich" coins and paper currencies are a violation of God's Law. He will not long endure such fraud by men or governments. King Jesus will balance the books in the end of His patience.

Vision to America:

School District Must Pay Muslim Teacher for Trip to Mecca
With unemployment mired above nine percent and new jobless claims hovering at 400,000 a week, the Obama administration needed a victory, and at last it has one. The Justice Department has forced a Middle American school district to pay a Muslim teacher $75,000 and implement a sensitivity training course throughout the district, after administrators refused to allow the new hire to take three weeks off for a trip to Mecca in 2008. HERE.

Run Ron Paul Fox News Interview:

Ron Paul in the Center Seat: FOX News Special Report
Ron Paul is grilled from all sides but things turns out well as Ron is given ample time to discuss the logic and reasoning for his answer to each question. HERE.

The Telegraph:

Europe's rescue euphoria threatened as Portugal enters 'Grecian vortex'
Monetary contraction in Portugal has intensified at an alarming pace and is mimicking the pattern seen in Greece before its economy spiralled out of control, raising concerns that the EU summit deal may soon washed over by fast-moving events. HERE.

St Joseph USA:

Risk Management 101 - Why Wall Street Needs To Wake Up & Tell Its Clients To Own Physical Gold
Would you agree that the world's financial system is in desperate trouble due to irresponsible debts?
If you have been paying attention whatsoever to global markets over the last couple of years, it is likely you agree. After all, if there was an easy solution to the global debt crisis don't you think it would have been tried by a host of governments by now? HERE.

Financial Sense:

Sprott on silver: An attractive time to buy Video HERE.

Mine Web:

Gold still set for big week despite early weakness
Spot gold retreated from a one-month high of $1,751.99 oz to $1,736.69 oz on Friday, down 0.4% from the previous close, but is still on course for a gain of around 6% from a week earlier. HERE.

Gold price to continue to rise through this year and next - but beware H2 2013
Research shows that over the next 12 - 15 months fundamentals, sentiment and an optimistic market for gold will continue to support gold prices, but the second half of 2013 remains a concern in this respect. HERE.

Here is the StockCharts graph on gold as of yesterday.

Your gold investment portfolio - gold shares or gold funds?
Julian Phillips comes down strongly on the side of managing your own gold stock portfolio rather than relying on a fund manager to do it for you. I have always said that you are the one most interested in the success of your investments and have urged you to study and Make your own decisions. HERE.

Tocqueville's Hathaway bullish on gold and gold stocks
The end of 2011 is a golden opportunity to participate in an anticipated upside for mining equities, says John Hathaway, senior managing director of Tocqueville Asset Management. Gold Report interview. HERE.

The creditors always pay - sit on your gold as currencies become worthless
However this current economic crisis is resolved, guess who'll be footing the bill as currencies decline in value and ultimately become worth nothing. Gold may be the answer. HERE.

Miners from Scottrade: The miners are holding rather well even as gold is slightly down today. Silver is up a bit. Look at the price of FSM now. I am not really interested in selling any more, but the price is tempting. In the back of my mind is the fact that both gold and silver are up very strongly compared to earlier this month. It may be time for another rest; However, gold is staying above 1740.

Currencies from KitCo:

Some Prices: DOW up 4.77 to 12213.40; S&P down 0.77 to 1283.82; NASDQ down 3.16 to 2735.42 (All quiet in the General Market today); Gold down 1.10 to 1744.60, and Silver up 0.06 to 35.15 (Both metals are hanging on to most of their gains).

Best to each, Doug

I'm Selling Some while All Markets Up Today - Censorship of You Tube - Police Attack Protesters - PIIGS Debt Crisis Solved? - Cartel Bomb Mexico - CFTC's Trade limits 2 yr away!

2011-10-27T10:01:00.000-05:00

Folks,

I have been selling a few more shares of Fortuna (FSM). I am hesitant about selling, but have been doing this in very small bites. Locking in the profit is just too important. I will be ready to buy again on any significant drop in prices. Silver is very strong today in the euphoria of the European "solution," rather the temporary postponement of the disaster. However, we must realize that postponements are not true solutions, but as Chuck Butler says, "Just kicking the can farther down the street."

It is such a blessing to worship and serve an absolute Sovereign King Jesus who loves His people. That provides a great deal of peace in the midst of every perceived disaster of this world. I daily rest in Him knowing that He truly loves me and that nothing can separate me from that love.

Prison Planet:

Feds Order You Tube To Remove Video For Containing “Government Criticism” HERE.

Personal Liberty Digest:

Militarized Police Forces Attack Occupy Camps HERE.

Stratfor:

Dissecting a Mexican Cartel Bombing in Monterrey
By Scott Stewart
Early Oct. 20, a small sedan apparently filled with cartel gunmen rapidly pulled in front of a military vehicle, drawing the military patrol into a car chase in downtown Monterrey, Mexico. After a brief pursuit, the vehicle carrying the cartel gunmen turned at an intersection. As the military vehicle slowed to negotiate the turn, an improvised explosive device (IED) concealed in a parked car at the intersection detonated. The incident appears to have been intended to lure the military patrol into a designated attack zone. While the ambush did not kill any soldiers, it did cause them to break off their chase. HERE.

Daily Pfennig (www.Pfennig@EverBank.com):

"The Eurozone leaders were also able to increase the European Financial Stability Fund (EFSF) brining the total number of euros to 1 million (so, if the euro is 1.40. that makes the EFSF dollar value at $1.4 Trillion) And, the recapitalization of European banks will also take place. So. all-in-all not too shabby. Yes, it will be painful for the Greek bond holders, but 50% is better than 100% if Greece defaulted! I invested in a start-up company once, and when things didn't work out for them I got less than 50% of my investment back. so.. I know all too well what that feels like! The thing that allows tragedy to change to comedy is time. So, in time, maybe there'll be a joke or two about this. Until then, we know that on the outside, the Grand Plan is in place. now it's time to look under the hood, and see what this car's got!So. all those currencies that were getting punished because of the Eurozone debt crisis, are rallying this morning. I have to say that while I'm glad that the Eurozone leaders finally did something to tackle the debt crisis, I'm very skeptical of the long lasting effects of this plan. the unintended consequences have already begun to show up. For instance yields on German bunds (bonds) are rising, because now investors feel better about investing in higher yielding places like Spain and Italy." . . . .

"Then there was this. In all my reading yesterday, between naps of course, I came across some information that really ticked me off. And I mean REALLY ticked me off! It seems that the CFTC's vote last week to limit positions in commodities including Gold, won't go into place for 2 years!!!!!!! So. we have to put up with these price manipulations for 2 more years? How could this be? What was the CFTC thinking?" Chuck is right on. Amen!

MineWeb:

Gold sees first fall in a week on EU debt deal
Gold fell by more than 0.5% at $1,710.70/oz on Thursday, registering its first fall this week after a deal by European leaders to tackle the bloc's debt crisis encouraged investors to delve back into riskier assets. HERE.

The resurrection of gold - to resume long upward march
Gold seems set for revival and recovery regardless of last night's basic accord on Eurozone debt and support. Asian demand remains extremely strong and the odds would seem to favor the upwards path again. HERE.
DRDGold - 82% increase in operating profit; 150% increase in HEPS
Thursday,27 Oct 2011 DRDGold
Johannesburg, South Africa. 27 October 2011. DRDGOLD Limited (DRDGOLD; JSE: DRD, NASDAQ: DROOY) today announced an increase of 82% in operating profit to R202.5 million and of 150% in headline earnings per share (HEPS) to 20 South African cents for the quarter ended 30 September 2011 compared with the previous quarter. I have already sold most of my DROOY, as I reported a while back. HERE.

Miners from Scottrade:

Currencies from Kit Co:

Some Prices: DOW up 231.98 to 12099.04; S&P up 26.56 to 1268.55; NASDAQ up 51.78; Gold up 3.10 to 1728.60; Silver up 0.96 to 34.33. Silver is outpacing gold at present. Both are holding well and the general market is up big time as the European debt crisis has been completely "solved." In time, investors will perceive the truth >> Just another temporary fix.

Best to each, Doug

Shariah Law Governing US Courts? - Boeing Dreamliner takes Paying Passengers - Gold & Silver Rallying Strongly - Dollar mixed, but a bit lower - Miners Showng Strength.

2011-10-26T09:47:00.004-05:00

Metals are showing out today. However, the first article, below, carries and ominous message to freedom lovers of America. Be sure and check this out.

Do you know what your child is learning in the government socialistic school system? The schools have evolved over two Centuries into behavior modifying, anti-Christian bastions which produce graduates who can barely read or wright, but are virtual slaves to government from the cradle to the grave. They are teaching that the government is the messiah.

Yes, there are some Christian teachers in the failed system, but if they are often fired if they so much as mention King Jesus. They are also compelled to spread the acceptance of various life styles, pagan religions, and humanism which is another form of pagan religion.

The entire government school system is wrong from the git go and cannot be reformed into any thing of value. Be certain that you know everything your children are being taught. You will be surprised as you study the textbooks of today which clearly show this.

World Net Daily:
Shariah Law Being Used in U.S. Courts to Decide Cases
Many cases being decided by edicts from Muhammad
Islamic law, or Shariah, already is being applied in the U.S. court system, according to an extensive new report. A recent Center for Security Policy study called "Shariah Law and American State Courts: An Assessment of State Appellate Court Cases outlines dozens of cases in which the Islamic system of law has been applied. Center spokesman David Reaboi said the Islamic strictures are being carried out mostly in cases in which foreigners are the principals. Certainly, our court system gives us cause to ask God for reinstatement of Common Law, but if this article is true, the battle has been lost. Perhaps, this is more of God's judgment on America, because we have turned from Him. HERE.
Mine Web:

Gold jumps above $1,700 as volatility rises
After rising in late trade in the US yesterday, investors in both Asia and London continued to push prices of the yellow metal higher as all eyes focus on the European Union. HERE.

Is gold back? - More upside seen as it probes $1720
Strong Asian demand, a rise in gold ETF purchases and the Eurozone financial crisis are all coming together to put a stronger focus on precious metals with the VIX fear index rising again. HERE.

Indians rush to buy more gold during festive period
Despite a huge jump in gold prices , Indians thronged gold markets all across the country on Monday, with serpentine queues outside retail outlets way past midnight, buying up gold coins rather than gold jewellery. HERE.

Bloomberg:

Yen Strengthens to Record on U.S. Growth, Europe Concerns; Aussie Weakens HERE.

Oil Advances a Fourth Day in New York as China Considers Economic Stimulus HERE.

Czechs Don’t Need 2011 Eurobond Sale as Finance Ministry Taps Households
The Czech Republic may delay plansto sell Eurobonds this year because international markets arevolatile, while budget cuts and low inflation help borrowing inthe local currency. HERE.

Reuters:

Analysis: Obama's moves pack political rather than economic heft

President Barack Obama is bombarding Americans with job initiatives that may lack economic heft but show him as an activist leader compared to a 'do-nothing' Congress as he campaigns for re-election in 2012. HERE.

Dreamliner carries its first passengers and Boeing's hopes
The Boeing Co Dreamliner, the world's first carbon-composite airliner, flew to Hong Kong from Tokyo carrying its first paying passengers on Wednesday in a flight that could set a new benchmark in air travel. HERE.

King World News Blog:

Rick Rule - Gold & Silver Surging as Takeover Mania to Begin

With gold up $47, trading above the $1,700 level and silver surging about $1.50 to $33, today King World News interviewed one of the most street smart pros in the resource sector, Rick Rule, Founder of Global Resource Investments, which is now part of the $10 billion strong Sprott Asset Management. When asked what is driving the markets and what he sees going forward, Rule replied, “I understand now that the Europeans have had 22 emergency meetings and the market is impatient for them to do something. You and I both believe that the situation they face in Europe is not resolvable so they have probably already done as much as they can.” HERE.

KWN Special - John Hathaway: Gold Stampede Now Imminent
With gold and silver blasting higher, along with the mining shares, as the Dow plunged over 200, today King World News interviewed four decade veteran, John Hathaway, the prolific manager of the Tocqueville Gold Fund. When asked about the tremendous action in both gold and silver, Hathaway replied, “Get used to it, we are going to see $50 and $100 days both ways. To me we have had our correction, shook out a lot of people and now there is sellers remorse. Now those people are not able to get back in except by paying a higher price, so this is classic bull market action.” The third phase just around the corner? Could be? I had thought it to be some later and still believe it will be. HERE.

Gold looks very strong over night and this morning. It has a long way to go to make up for the prior sandy spots. I noticed it was now slowing to 1718.10 as I was putting this together. Hope the boyz are not back capping it a 1720 through which it must break and then surge to above 1743. Here is a look at the Stock Charts graph of spot gold.

Miners from Scottrade: the miners are very strongly following the move of the metals in much stronger moves than the general market.

Currencies from KitCo:

Some Prices: DOW up 98.09 to 11805.92; S&P up 4.37 to 1232.99; NASDAQ down 3.14 to 2634.03; Gold up 18+ to 1723; Silver up 0.42 to 33.69. Both metals very strong.

Best to each, Doug

Democracy is the Tyranny of the Majority - Gold & Silver Up Briskly - Sowell - Buchannan - Norris - Barron's Confidence Index

2011-10-25T10:29:00.001-05:00

The metals are sprinting upward initially today. The dollar is mixed, but showing strength against most currencies. The general market is weak today, and it is interesting to see the metals up along with the dollar while the market languishes.

By the way, I did a little trading with Fortuna this week. Bought at 5.25 and sold at 5.86. The activity was with a few shares while holding much more in my portfolios. I plan to replace upon any drops in the near future.

There are many sandy spots in market roads. One cannot expect markets to move in only one direction forever. It does not happen. I am pleased to wait and watch much of the time while resting in the fact that King Jesus is in total control of all. His mind oversees everybody and everything. I am content to let Him rule, because He is working all things according to the will of His Father. Thus, we look forward to each day He makes for us and we rejoice and are glad in each and every one.

Approach life seeking ways to give the glory to God for the furtherance of His kingdom throughout the entire earth and in all of man's institutions. That is the true life. Unbelief and remaining ignorance of God is a walking death.

TownHall:

The Media and 'Bullying'
Thomas Sowell

Back in the 1920s, the intelligentsia on both sides of the Atlantic were loudly protesting the execution of political radicals Sacco and Vanzetti, after what they claimed was an unfair trial. Supreme Court Justice Oliver Wendell Holmes wrote to his young leftist friend Harold Laski, pointing out that there were "a thousand-fold worse cases" involving black defendants, "but the world does not worry over them."
Holmes said: "I cannot but ask myself why this so much greater interest in red than black." HERE.

The 8th Miracle To Save America
Chuck Norris

Despite high unemployment, continued bad news across fiscal America and a presidency that has lacked luster and restorative productivity, Barack Obama's stats continue to rival his top GOP challengers. And let's not forget that he still has the mainstream media hypnotically backing him or that his campaign machine hasn't even unleashed its billion dollars, according to Mike Huckabee, to combat his competitor. HERE.

What Is It We Wish to Conserve?
Pat Buchanan

A conservative's task in society is "to preserve a particular people, living in a particular place during a particular time."
Jack Hunter, in a review of this writer's new book, "Suicide of a Superpower: Will America Survive to 2025?" thus summarizes Russell Kirk's view of the duty of the conservative to his country. HERE.

Personal Liberty Digest:

Tyranny Of The Majority
As liberals go, I actually had a touch of like for Joltin’ Joe Biden in his Senate days. But since he got in bed with the Marxists in the Executive Branch, it’s become increasingly difficult to give him a pass. HERE.

MineWeb:

Gold to continue upward bias and appreciate over time - Jeff Wright
The market is in for a bumpy ride, but in this interview with The Gold Report, Jeff Wright foresees upward trends for gold and market volatility makes some gold and silver stocks attractive at current prices. HERE.

Gartman contemplating gold buy back
In his latest newsletter the much-followed independent investor, said that he is prepared to buy back the gold he sold last week because the yellow metal has returned to those levels and would likely move higher. HERE.

Politicians push global financial system to the brink
David Levenstein argues that the meddling by politicians both in Europe and the US means the end game for the global monetary system is now total collapse, which will be good for gold. HERE.

Gold Money Foundation Pod Casts:

Dominic Frisby interviews Nick Laird

Dominic Frisby interviews Nick Laird, of www.sharelynx.com, for the GoldMoney Foundation. They talk about the gold price and gold charts in detail and Nick mentions his time frame and price targets for the gold bull market. HERE.

Here is a sample chart from ShareLynx which I have annotated with two technicals. It seems to be highly negative.

From MarketWatchPeter BrimelowOct. 24, 2011, 11:40 a.m. EDT CORRECTEDGold bugs bruised but buoyant (again)Commentary: Gold manipulation thesis goes mainstream HERE.

Miners from Scottrade: While the miners are mixed, most are decoupling from the general market and following the metals higher today.

Currencies from KitCo:

Some Prices: DOW off 138.54 to 11774.55; S&P off 17.44 to 1236.75; NASDAQ off 36.77 to 2662.80; Gold up 32.20 to 1685.50; Silver up 0.45 to 32.27.

Best to each, Doug

Every Lord's Day join in corporate worship - Dollar slumping - Stocks Up - Metals Up - Are the metals still being capped? - A look at the performance of GLD

2011-10-24T10:59:00.003-05:00

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.

Miners from Scottrade:

Currencies from KitCo:

Some Prices: DOW up 58.20 to 11866.69; S&P up 10.53 to 1248.78; NASDAQ up 41.77 to 2678.91; Gold up 11.30 to 1653.30; Silver up 0.33 to 31.73.

Best to each, Doug

Divided We Fall - We must be brought to life by the power of the Holy Spirit - Big Brother Obamacare - Dollar Down Gold & Silver Up - Look at the Reminbi -

2011-10-21T10:39:00.001-05:00

Folks,

We are still facing weird markets, because of the world-wide financial debt problems with no real solution in sight. Thus, the Lord keeps looking on the folly of man with derision. His judgment on America is well justified as we have turned our backs on Him. Many of our fellow professing Christians believe that because they walked the aisle and said the "saving prayer" their responsibility ends there. These ignore the Law-Word of God and fail to apply it to their lives on a daily basis.

Our God is a covenantal God who keeps His side of the covenant and expects all people to keep their side. Only the Holy Spirit can wake those lost in trespasses and sin. These are totally incapable of even wanting to know the living Sovereign King Jesus unless they have been chosen from before the beginning of the temporal world and brought to life by the power of the Holy Spirit and led by Him to the feet of King Jesus. Then they are empowered to obey the Law-Word of God. Certainly, they do not keep it perfectly, as is required, but they are brought to repentance time and time again by the Holy Spirit telling them that they blew it again. However, as Jesus Christ works in their lives they grow more like Him every day and become more obedient.

Then the ever more diligently follow the Lord and grow in the Christian life style in every action of their lives. Thus, they become more obedient to God and enjoy Him forever. See if this is your life style, if not you may just be worshiping the wrong or fake messiah and do not know the Jesus Christ of the bible at all.

TownHall:

Is America Disenigrating?

Pat Buchanan
In Federalist 2, John Jay looks out at a nation of a common blood, faith, language, history, customs and culture.
"Providence," he writes, "has been pleased to give this one connected country to one united people -- a people descended from the same ancestors, speaking the same language, professing the same religion ... very similar in their manners and customs ..." In this article, Pat shows that we are a vastly different nation. I believe we have been divided by government against Christianity & family, multiculturalism, by unions against management, diversity of language encouraged by the government school system, and so many other factors. I have not read the entire article, but believe that he has made a significant point about the moral decay of America. From a nation so blessed by the providence of God, it is a terrible sight to behold today. America has truly lost its unity and become so diverse with factions which oppose each other. I recall the saying, "United we stand, divided we fall." This is true of all organizations and is what America is facing today without the blessings of the prior providence of the living Sovereign God of all. HERE.

Aiding and Abetting a Real War

Oliver North
Are we really supporting war and the thoughts of war? Read it HERE.

The Big Brother's Health Care:

The new Obamacare is not for better health, it is for more control and invasion of privacy by the Federal Government. Thus, it benefits only the government and not individuals. It must be repealed. Check out this You Tube Video HERE.

The dollar has been a poor performer since the end of September. It was boosted for a while by the unfolding fiasco of the PIIGS of Europe, but has slumped again. Where will it go from here. Check the graph, below:

KitCo News:

A.M. Kitco Metals Roundup: Comex Gold Solidly Higher, Supported by Firmer Commodity Markets, Weaker U.S. Dollar Index Read it HERE.

Miners from Scottrade: The miners are still following the DOW, but there will come a day in which they will break away from that anchor and fly above the metals as the metals become more popular in phase three of the metals bull market. When? is the question which I cannot answer, but the metals and the miners are also reacting to the ever weaker dollar and other unbacked paper currencies.

Currencies from KitCo: Speaking of currencies, the Reminbi is benefiting from a fund just opening in Hong Kong which is invested in gold and the Reminbi. I would like to have holdings in that new fund, because it is based in gold and a currency from a nation which is accumulating gold as fast as it can. Could it be that China is planning to partially back its currency with gold as Richard Russell and Chuck Butler have suggested. Could well be! The Reminbi is available through Ever Bank World Markets currency accounts.

Some Prices: DOW up 217.78 to 11759.03; S&P up 20.35 to 1235.74; NASDAQ up 40.69 to 2639.16; Gold up 17.90 to 1638.10; Silver up 0.57 to 31.15. Both metals are holding their own, but still well below the highs.

Best to each, Doug

The Costly War Business - Capitalism replaced by Central Control - PPA - Time for Buying ???? - Both Precious Metals Down along with General Market - Rest in the Lord

2011-10-20T10:31:00.000-05:00

Folks,

Both gold and silver are down early today which may provide opportunity for more buying. The prices of miners are interesting to me. Currently, Gold is 1623 and Silver is 31.13. the miners are definitely lagging behind the metals.

It will be interesting to see how the Treasury Auctions go today. Of course, the Fed will be buying through the back door which tends to conceal who is doing the buying. It seems that foreigners have slowed their buying, it is difficult to determine accurately who is doing the buying, as the Fed often buying through bankers.

We need a change in foreign policy. Our enemies are increasing throughout the world. Our devotion to policing the world is turning the world against us big time. Both Richard Russell and Richard Maybury are speaking to this subject in the area of investing. See the first two references, below:

From Richard Russell's Dow Theory Letter yesterday: "The most expensive thing any nation can do is fight a war. The next most expensive thing a nation can do is prepare for war. The US has been in a state of war (or multi-wars) ever since World War II. As I see it, the US is now preparing for a possible war with China. Watch the anti-China propaganda build up in coming months and years. At the same time, China has the largest number of men under arms of any nation on earth. China is building and expanding its Navy as fast as it can, and this worries the Pentagon, which vows it will not be over-matched by China. The future of war, it seems is the carrier and remote delivery systems such as the Sparrow or the Sidewinder." In this Russell joins with Richard Maybury's Early Warning Report which has long advised in investments in military manufacturers. The U.S. is definitely in the full time business of war and preparing for war. We spend more in this area than all the rest of the nations in the world. This is the largest expense which contributes to our debt which is monumental and growing every day. Russell suggests that PPA might be a good buy for long term holding as long as war remains our business.

Bloomberg:

Bank of America Bosses Find Friend in the Fed: Jonathan Weil
The Federal Reserve is backing the B/A's derivatives effectively making the taxpayers liable for the great risk of the bank. Once again the taxpayers are on the hook for the banks. This, of course, in additional to the exposure of J.P. Morgan and likely others. Thus, we are seeing the Fed back the banks as it did with QE I & II, and now expect the same play with QE III whatever it is named. Read about it HERE.

Protests Show Capitalism ‘Nearly Broken’
That is strange! We have not had capitalistic free markets in several centuries, if ever. We moved away from truly free markets before the ink dried on the Constitution. The free markets envisioned by our founders was effective in building financially sound These United States of America, but scarcely was the ink dried before there was more centralization and resulting damage to the capitalistic free market. The War of Northern Aggression led to more centralized control by the Federal Government, then the establishment of the Federal Reserve and Income Tax in 1913 delivered another blow, FD Roosevelt grew the centralized welfare state even further, and then Richard Nixon removed any backing of the dollar by gold on August 15, 1971. This article is interesting, and seems to redeem itself toward the end with this statement,“It’s sort of a glib way to push them off as if to saythey’re not really very important,” Blood said. “Many of themaren’t saying that business and capitalism are inherently evil.They’re just simply saying that the way it is currentlyfunctioning is not working, it’s not right.” Read it HERE.

I just had to include this picture from Ed Steer's Daily Gold and Silver Report.

MineWeb:

Gold and silver investment prospects in times of turbulence and fear - Auerback
This is true and we must always remember that gold and silver are seldom real investments for profit. Rather,they are used to preserve and protect the wealth of buying power in the face of the unbacked paper currencies which depreciate over time and have only value in relation to other currencies. As long as the US is in the war business, the depreciation of the dollar will continue. HERE.

Miners from Scottrade: Several of these miners, including FSM &HMY, are in MY buying sights. You decide for yourself based upon your cash, portfolios, and risk tolerance. Remember that these are held for the gold rush.

Currencies from KitCo:

Some Prices: DOW down 47 to 11457; S&P down 5.30 to 1204.58; NASDAQ down 28.16 to 2575.91; Gold down 28.70 to 1614.80; Silver down 0.49 to 30.74. Both metals seem attractive to ME at these levels.

Best to each, Doug

Attacks on the Biblical Family - Comsumer Prices - Mortgage Interest Tax Deduction - Poor vs Rich - Buying Fortuna - Bank Solvency Crisis

2011-10-19T10:21:00.002-05:00

Folks,

Biblical God-given parental duties and rights are under severe attack by the governments in America today. It is important that we understand the implications of this as evidenced in the moral decay of America. Check out this You Tube presentation and pass it on to others. HERE.

Yesterday, Germany and France announced of the creation of a 2 Trillion Euro bailout fund. This gave investors a sigh of relief. Almost immediately the dollar rally reversed and headed down some. Thus, we see that investors are looking for easy Keynesian ways out of all problems. They have left fundamentals and are looking solely to such quick fixes which are nothing more than pouring gasoline on the raging financial fires created by identical actions of the past. It reminds me of the drought fires here in Texas. Thank the Lord that the fire fighters did not use that tactic.

Bloomberg:

Consumer Prices in U.S. Rise at Slower Pace HERE. Most of the statistics that come out from governmental sources are "seasonally" adjusted or other types of manipulation to hide the facts. I suggest that you read John Williams reports at

A Taxing Debate: The Mortgage-Interest Deduction HERE. There is opposition to the continuation of this valuable income tax deduction.

TownHall:

Pitting Us Against Each Other
Walter E. Williams

This is an exposure of governmental tactics of pitting poor against rich. I recommend reading it HERE.

From Franklin Sanders: "Let us never forget, as we listen to the parrots on TV & Radio & the actors in politics & central banks, that there is NO sovereign debt crisis in Greece or Europe, just as there was NO mortgage debt crisis in the US. There is a BANK SOLVENCY CRISIS, & all this circles around saving the banks, not countries or homeowners. homeowners. The greedy banks - abetted by lap-dog governments - dug themselves into a hole, and now by means of their bought-&-paid-for politicians, they want to hand a shovel to taxpayers so they can fill it up. Debt crisis, my eye! It's a BANK crisis, of, by, and for the banks, Euro & US." Check his daily report out HERE.

Yesterday, I was a buyer of Fortuna (FSM) at prices 5.25 down to 5.22. Those were bargains to me, so I bought in small bites near the upper support level on the StockCharts graph, below. You must weigh your own cash position, portfolios, and risk tolerance. I am looking toward fundamentals and not being influenced greatly by the breaking crisis news from the broad media in making investment decisions.

321-Gold:

Bob Moriority writes on government problems and Fortuna.
Both subjects are insightful and interesting. HERE.

MineWeb:

India's gold demand to rise in festive quarter
Read this report which looks at historical data. HERE.

Miners from Scottrade:

Currencies from KitCo:

Some Prices: DOW up 16.80 to 11594.50; S&P down 1.22 to 1224.14; NASDAQ down 13.08 to 2644.40; Gold down 6.00 to 1649.10; Silver down 0.60 to 31.44.

Best to each, Doug

Dollar Mixed - Gold & Silver still Inching Upward - China may be coming to Europes Rescue - Trade Barriers between US & China may be coming.

2011-10-17T09:17:00.000-05:00

The dollar is mixed today after the good news last week of the September Retail Sales increased slightly. However, we also saw the Consumer Confidence figure come in lower and the Fiscal Year 2011 report shows we added 1.3 Trillion Dollars to the National Debt. Over all, this reveals a weaker economy than many would like us to believe.

The 10-Year Treasuries saw another increase in interest rates to 2.28%. Remember that the value of existing bonds is very sensitive to current interest rates. As the interest rates increase, the market value of existing bonds decreases. Then when interest rates are decreasing, the market value of existing bonds goes up. Thus, those currently holding these Treasuries are losing market value on all the bonds they hold.

The coming solution to the European debt fiasco is expected and the Euro responded by pushing toward the 1.40 level, but missed a bit and has fallen back a tad as the markets opened today. This uncertainty is throwing fog into the currency markets. One would have expected the dollar to be very strong, but it is mixed as the day progresses.

The precious metals have bounced upward again, but were capped by profit taking and possible intervention. It seems that the pattern of each up step is followed by at least one foot falling into a sand pit, before the next small up step. The War on Gold continues. After all, the bullion banks and governments do not want to let gold tell the true tale of the fraud of the FIAT unbacked paper currencies of the world. The world financial system of debt and toilet paper "money" is on very shaky foundations. It is a house of cards which is being challenged by more and more people.

God, Himself, warns against unequal weights which He considers an abomination. It is forbidden in Scripture for individuals and governments, as well. Unbacked paper currencies are an abomination to God. He is long suffering in His patience, but in the fullness of time, He comes with judgement.

Of course, man even violates these laws were we to have gold backed currencies. However, a move back to a form of gold standard would more properly price the precious metals and, perhaps, give us a rational and stable currency for a number of years. This would be a blessing until men started stirring the bucket again.

MineWeb:

Gold could go lower than anyone expects but then set for incredible opportunity

QE3 is going to make QE1 and QE2 seem like a little prelude and will set up a moon shot for precious metals and junior mining companies says Edward Karr. Gold Report interview. HERE.

Latest COMEX futures: bullish trend on gold, bearish on copper
The latest CFTC figures show an increase in bullish bets on gold by money managers, but copper at highest short position for over 2 years. HERE.

The gold and mining stock bargain store on the TSX
Low metal prices and economic gloom have seen carnage among junior mining stocks - again. But the savvy investor should treat this phase as a major buying opportunity although there may yet be worse to come first. HERE.

Deeper implications in gold bullion outperformance - Part 2
You don't need to be a gold-mining stock investor to wish gold would stop outperforming them soon as there are deeper implications to bullion's out performance. HERE.

Bloomberg:

Hedge Funds Add to Commodities Wagers
Speculators boosted their wagers onhigher commodity prices for the first time in five weeks asincreasing confidence that the global economy will avoid anotherrecession spurred the biggest rally of the year. HERE.

Gold Traders Most Bullish Since July After Plunge
Gold’s biggest slump in three yearsmeans traders and analysts are now the most bullish in threemonths, speculating that Europe’s debt crisis, slowing growthand a bear market in equities will drive demand for bullion.HERE.

China Currency Message Stronger Than Chance of Sanctions
The U.S. Senate’s vote to punishChina for depressing its currency to promote cheap exports isthe latest legislative ritual in which the message may be asimportant as the proposed sanction. HERE.

MarketWatch:

China secretly backing euro--zone rescue: report

China has pledged in secret to back a euro-zone bailout that will include investments in infrastructure and sovereign debt, the U.K.'s Sunday Times reported. HERE.

Reuters:

Gold motors to three-week high

Gold jumped to a three-week high on Monday, boosted by fresh investor interest and a softer dollar against the euro after a G20 summit reinforced hopes that European leaders would soon resolve the region's debt crisis.
Spot gold rose 1 percent to hit $1,694.60 a troy ounce, its highest since September 23. The precious metal was bid at $1,682.49 an ounce at 1130 GMT from $1,678.53 late in New York on Friday. HERE.

KitCo:

A.M. Kitco Metals Roundup: Comex Gold Slightly Higher, Hits 3-Week High, But Firmer U.S. Dollar Index Limits Upside
17 October 2011, 8:02 a.m.
By Jim Wyckoff
Of Kitco News

(Kitco News) - Comex December gold futures are trading slightly higher in early U.S. dealings Monday. Trading remains choppy on a day-to-day basis but the bulls still enjoy the overall technical advantage. A higher U.S. dollar index Monday morning is limiting gains in the precious metals. December gold last traded up $2.60 at $1,685.60 an ounce. Spot gold last traded up $4.60 an ounce at $1,685.00. December Comex silver last traded up $0.087 at $32.26 an ounce. HERE.

Miners from Scottrade:

Currencies from KitCo:

Some Prices: DOW off 102.40 to 11542.85; S&P down 10 to 1214.63; NASDAQ down 18.67 to 2648.69; Gold up 3.70 to 1683.50, and Silver off 0.04 to 23.12.

Best to each, Doug

California Problems - European "Rescue" - Markets Up Some - Citizens Protests Spreading - Dollar Down - Closer Look at the DOW

2011-10-14T10:17:00.000-05:00

There is an important meeting of the G-20 in Paris today. The agenda is to come up with a plan to solve the European debt problem focusing upon Greece. Apparently, the IMF will be called upon to offer some bail out cash. China should be called upon, too. The U.S. is involved and will probably furnish some cash as well.

From Bloomberg, today, we get the article entitled, "European Rescue Plan Takes Shape" HERE.

All of this is adding up to more inflation (Classical inflation; that is, the creation out of thin air more currencies in circulation.). Folks, this is the loudly proclaimed answer to all of the world problems. I doubt that it will work, as this is the basic reason for all the financial problems which now exist. To me, it is more like trying to put out a fire using gasoline. That gives us Burn, Baby, Burn.

I am often tempted to wonder if our leaders have great mental problems and delusions. Can they really be that naive. Perhaps, it is an attempt to move to a world currency as a prelude to a world government. Conspiracy theory or not. Once in the past, the people got together to build a tower up to Heaven for their own glory. The Sovereign God of all confused their single language so they could not communicate with one another and that project failed. Will He not do it again? Never the less, the elite seems to be working toward that goal.

Here at home, we are still into great fall out from the decades of excessive creation of dollars and over consumption beyond our personal and governmental means. California is experiencing a rational challenge from all of this, as reported by Bloomberg:
The debt problems are great here in America. Bloomberg offers an article on California's excessive debt problems: "California’s $705 Million Gap May Spell Higher Borrowing Cost: Muni Credit" HERE.

All is not well here in River City. We are not concerned about the new pool table in town as the Iowa folks were in The Music Man movie. That was a great movie. I highly recommend it as a cross between a Chick Flick and a Guy comedy. From Reuters, the unrest expands as the masses are protesting the unemployment, over taxation, and governmental debasing of currencies, "Wall Street sit-in goes global Saturday" HERE. Much of the unrest among the people started with the modern Tea Parties and sit- ins here in America, but grew to a crescendo in Greece as the government tightened the purse strings by slowing the cradle to the grave socialistic give away program to help solve the financial fiasco there.

The markets seem to be enjoying the perception that there will be a solution to European debt problems. Remember perception is more important than reality in financial markets. Below is the DOW graph from StockCharts.com showing excitement over these prospects:

Our metals are up, too. Here are the graphs on Gold and Silver from KitCo:

The miners are looking good, too, from Scottrade. Many seem to be n buying range for me. There is always a possibility that they will go lower. So depending upon your current portfolios, cash position, and risk tolerance, you decide for yourself. I am looking to gather more FSM and HL in particular.

Some Current Prices: DOW up 93.25 to 11572.59; S&P up 1.57 to 1216.29; NASDAQ up 29.40 to 2649.64; Gold up 3.80 to 1670.40; Silver up 0.12 to 31.94. Nothing real exciting, but all are presently up.

Hope you like the new format. Please, let me know.

Be sure to join in corporate worship of King Jesus this week end. Best to each, Doug

China's exports are down - Baby Boomers Retiring - Gold & Silver Oferring Buy Opts - Hecla Mining - Dollar up - Miners Oferring Lower Prices

2011-10-13T09:47:00.000-05:00

"Be still and know that I am God." This quote from Scripture tells us to rest in Him. He has made us and not we ourselves. We can trust in Him, because He is trust worthy and cares for His people. We must learn to cast all of our worries upon King Jesus Christ and rest assured in His love. That is the way of life that is most pleasing while we give Him the glory and work to further more to move into His Kingdom. Praise Him daily!

China reported the lowest export level in 7 months. While the president and his minions seem to blame China "manipulation" of the Renminbi for all of our woes, many will jump on the bashing of China and rejoicing in what they perceive as the collapse of the China "miracle." China is here to stay and stay as a major player in international finance and trade. Don't believe any of this China will remain strong and will grow in the future.

A different perspective on Baby Boomers:
You will enjoy viewing this HERE.

MineWeb:

Investing in gold, silver, copper, nickel and alternative energy for fun and profit - Ross Beaty
In this interview with The Gold Report legendary mining entrepreneur, Ross Beaty, explains his love of metals and alternative energy and what he is doing to position himself regardless of where the markets go. HERE.

Market morning: Perception differences between gold and gold stocks

This morning's gold and silver markets have been flat to weaker as the metals consolidate around current levels. I have written about this before. The physical metals in hand are for disasters and safety of wealth that you possess. The miners are for increasing value during the gold rush when they will be sold to pay off all debt or make dollar purchases of bargain investments. The ETFs and gold trusts are very liquid and could be used for trading along the way or for use as are the miners. HERE.

Schizophrenic gold - caught between safe haven and commodity
UBS strategist Edel Tully says although she is still bullish on the gold price it is becoming more and more difficult to predict price movements as the yellow metal is caught between two stools. A third could be the fact that gold is acting or becoming more like a currency. HERE.

Seeking Alpha:

Hecla Secures Credit Line, But Still Not Attractive As A Stock
The big news for Hecla Mining (HL) is the recent announcement of a $100 million revolving credit agreement. Hecla CEO Phillip Baker Jr. described the credit line in the following context: This is one of my core holdings, but has not been performing as I would like recently. HERE.

Here is Hecla from StockCharts:

Stratfor:

Growing Concern Over the NYPD's Counterterrorism Methods
In response to the 9/11 attacks, the New York Police Department (NYPD) established its own Counter-Terrorism Bureau and revamped its Intelligence Division. Since that time, its methods have gone largely unchallenged and have been generally popular with New Yorkers, who expect the department to take measures to prevent future attacks.
Preventing terrorist attacks requires a much different operational model than arresting individuals responsible for such attacks, and the NYPD has served as a leader in developing new, proactive approaches to police counterterrorism. However, it has been more than 10 years since the 9/11 attacks, and the NYPD is now facing growing concern over its counterterrorism activities. There is always an uneasy equilibrium between security and civil rights, and while the balance tilted toward security in the immediate aftermath of 9/11, it now appears to be shifting back.
This shift provides an opportunity to examine the NYPD’s activities, the pressure being brought against the department and the type of official oversight that might be imposed. Stratfor is a dependable resource for world wide political and economic news. This is a good read. HERE.

Economic Policy Journal:

Jim Rogers: Bernanke Is Lying to Us

Jim Rogers tells it like it is.
In the EPJ Daily Alert, I have been pounding away at the fact that no new QE is required, that the money supply (M2) is exploding. Rogers correctly points to this money growth in the clip below. Read and see the video HERE.

ResourceInvestor:

Gold Is Not an Investment

By James Turk

With gold appreciating against nine of the world’s major currencies, one could easily conclude that gold has been an attractive "investment", but appearances can deceive. Gold does not generate cash flow, so it cannot be an investment. An ounce of gold purchases the same amount of crude oil as it did 10 years ago. When viewed this way, gold is not an investment, because it would not have increased your wealth over these periods. Rather, gold would simply have preserved your purchasing power. HERE.

Miners from Scottrade:

Currencies from KitCo:

Some Prices: DOW down 94.89 to 11423.98; S&P down 11.67 to 1195.19; NASDAQ down 7.67 to 2597.10; Gold off 16.80 to 1657.70; silver off 0.91 to 31.67. Both metals are attractive at these prices, but that is really for you to decide.

Best to each, Doug

Man does not live on bread alone - All markets starting up - Precious Metals Recovering - Miners on Rampage - Dollar Down

2011-10-12T11:06:00.002-05:00

Christ told us during His earthly ministry "Man does not live on bread alone, but on every word that proceeds from the mouth of God." The word of God is the source of truth. It tells us that the fear of God is both wisdom and knowledge. James tells us in his book that if we lack wisdom, we are to ask it of God and He will supply it. It comes from a deep study of the word of God under the guidance of the Holy Spirit. Let us praise Him daily.

MineWeb:

Gold's financial role likely to expand - Lassonde
Franco-Nevada Chairman, Pierre Lassonde says he remains very bullish on the prospects for gold over the next 10 years but does not rule out the potential for a significant correction within the bull market. HERE.

Gold rises on Slovak vote, weak dollar
Slovakia's stance not to expand the euro zone's rescue fund pushed save haven investors back toward gold, which rose 1% in Europe on Wednesday as the dollar fell against the euro to a three-week low. HERE.

Gold and silver both showing good strength overnight and this morning
Gold seems to be finding a floor which is encouraging Asian buyers to resume purchases at what they feel may prove to be bargain prices as the Eurozone moves from crisis to crisis. HERE.
Hecla Mining pays record $77.5m partial settlement to U.S. Feds
As part of a June settlement to clean up historic mining contamination at the Bunker Hill Superfund site, Hecla Mining has made a record partial payment to the U.S. Government. Perhaps, this is why most miners have moved out of the US. Too costly to operate with the environmentalist on the rampage and the Federal Government supporting them very strongly. HERE.

KingWorldNews:

Embry - If We Repeat 2008, Stocks Could Fall 40% From Here With gold holding near the $1,650 area and silver around $32, today King World News interviewed John Embry, Chief Investment Strategist of the $10 billion strong Sprott Asset Management. When asked about events around the world and how they are impacting gold and silver, Embry responded, “This Dexia Bank failure just showed how vulnerable the European banking system is. This was one of the banks that stood out in their stress tests and then two months later they have to recapitalize it and nationalize it. This probably brought home to people that we are talking trillions of euros to recapitalize the banking system over there to keep it functioning.”

John Embry continues:

“That money printing is an extraordinarily bullish event for gold. If gold weren’t manipulated the way it is, it probably would have been up $100 on that news. Gold was mercilessly pounded at the end of last week, so gold is still getting kicked around, but it’s building a base and the next move will take it comfortably through $2,000.

Gold needed a correction after the big run it had, but it was the way it was done that was the big tip off. They (central planners) manufactured a correction for many reasons, one being the European banking situation and the general economic conditions. Just as importantly, I think the paper guys have to get their short positions down because they know what’s coming.” HERE.

GATA:

Another version of the 'stump speech' on gold price suppression
The third or fourth incarnation of what has become your secretary/treasurer's "stump speech" on gold price suppression was prepared yesterday for a dinner of financial people in London that may have been most notable for one fund manager's disparagement of GATA's work. Why are we complaining about manipulation of the gold market, he asked, when everyone knows that governments these days are manipulating all markets? Brief and interesting. HERE.

Politico:

Lackluster economy could lead to next gold rush

With the nation smothered in debt, crippled by unemployment and financed by dollar bills backed by nothing more than the faith of the public, some conservatives are calling for a return to the gold standard.

At The Heritage Foundation’s Conference on a Stable Dollar last week, former Bush economic adviser and Federal Reserve Governor Larry Lindsey said the weight of history leaned toward gold. HERE.

Miners from Scottrade:

Currencies from KitCo:

Some Prices: DOW up 124.69 to 11541.14; S&P up 16.66 to 1212.20; NASDAQ up 33.38 to 2616.41; Gold up 14.20 to 1677.40; Silver up 0.44 to 32.58.

Best to each, Doug

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

2011-10-11T09:53:00.000-05:00

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!

TownHall:

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.

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.

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.

MineWeb:

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:

CoinUpdate:

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

"Solution" to Euro Debt Problems spur markets upward. - Just another Keynesian Delay of the Day of Reckonning - Metals & Minors Higher

2011-10-10T09:53:00.001-05:00

The Lord has told us what His people are to do in the Old and New Testaments. His demands upon us are very clearly summarized in Micah 6:8, “He hath shown you, O man, what is good and what theLord requireth of thee: surely to do justly, to love mercy, and tohumble thyself, to walk with thy God.” This we do in response toHis love for us under the power given to us by the Holy Spirit. Welearn all about these duties as we study and apply the word of God toall areas of our lives. Praise King Jesus daily. We are particularlypraising Him today for the wonderful rain we have received in CentralTexas. What a blessing this is after so very long.

The government reported 103,000 new jobs created while unemployment stayed at 9.1 %. I prefer John Williams' reports over at www.ShadowStats. com. To me they are much more accurate. Check them out and see for yourself. The glowing government report is still insufficient to reveal a recovering economy for us, but the traders are loving it today as most markets are up, up, and away. Remember perception is everything in markets while reality comes home to roost very seldom.

The Daily Pfennig (Pfennig@EverBank.com):

"The risk takers ran for the hills, and before you could bat an eye.  the euro and A$ had lost 1 full cent! And Gold dropped $20 like nothing.  Was it he Fitch downgrade that sent the markets tumbling?  Hmmm.  What pushed Fitch to come out with this announcement on a day when Risk On was driving the markets?   Why didn't Fitch announce this earlier in the week, when S&P made their downgrade of Italy public news?   I'll tell you why. because, just like every other time we seem to get moving with the risk assets again, a roadblock gets thrown in our path.   I call these circuit breakers.  and just like a circuit breaker at home, everything gets turned off, until the switch gets thrown back to on.  Someone controls those circuit breakers.  Can you say, the PPT? I knew you could!

And then this morning, the switch got turned back on because, yesterday,  German Chancellor, Angela Merkel, and French President Nicolas Sarkozy announced that they would deliver a plan to help banks. Remember, I told you about 10 days ago, about the whispering campaign that was beginning at that time to recapitalize European banks.  Well, it looks like the Big Dogs, (Merkel and Sarkozy) are behind this idea now, and soon. European banks will received the help they need."

MineWeb:

China holiday end and Merkel, Sarkozy accord boost gold and markets
Gold got a boost this morning as China returned after a week off and the so far un-detailed Merkel, Sarkozy agreement on what to do about the Eurozone and banking crisis. Everyone is looking to Europe to solve the economic woes of the PIIGS. Many believe that will put the whole economic fiasco to rest and restore all to sanity again. HERE.

Gold rises on EU banks recapitalization pledge
Spot gold was up 1.4 percent on Monday after France and Germany put forward a plan to recapitalize euro zone banks, while traders remained cautious ahead of further details of the plan. HERE.

Gold rises on "Mercozy" announcement unlikely to reward failure
Gold prices rose slightly in early trade on Monday but are likely to continue to consolidate with a negative bias today in New York. This is of interest and should be at least scanned. HERE.

Inflation, deflation, stagflation - all will benefit the gold price
Gold is a non-national asset which becomes protection against inflation, deflation, and stagflation across the globe and it's these qualities that will force the monetary system to bring gold back into the global, monetary system. A restoration of some form of gold standard would bring more sanity to the markets for a time. However, as long as man believes his sin damaged mind is more brilliant than God's, we will live in a world of manipulated currencies under the influence of Keynesian Economics. That is a world with unequal weights and widespread fraud. For a time, it could be fund before the manipulation returns. HERE.

Switzerland's Scoach first to allow gold currency derivative trade
As of Monday, Scoach became the first exchange in the world to allow trading in gold-denominated structured products and might also allow exchange traded funds, with gold as the trading currency. HERE.

Valuing gold in this economy, invest in resources and survive the death of money
When the currency system as we know it dies, some people will become very wealthy. In this report from the Casey Research/Sprott Inc. Summit "When the Money Dies," The Gold Report talks to Rick Rule, Louis James and Marin Katusa. One big reason for owning gold. The discussion presents differing views and is worth your while of studying it. HERE.

Miners from Scottrade:

Currencies from KitCo:

Some Prices: DOW up 277.38 to 11381.71; S&P up 32.91 to 1188.37; NASDAQ up 77.32 to 2556.95; Gold up 26.80 to 1665.50; Silver up 0.88 to 32.15.

Best to each, Doug

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

2011-10-07T10:20:00.000-05:00

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 thebest-selling book “The Black Swan,” said the current globalmarket turmoil is worse than it was in 2008 because countriessuch as the U.S. have larger sovereign-debt loads.
“Definitely, we face a bigger problem now and we will paya higher price,” Taleb, who is also a professor at New YorkUniversity, said today at a news conference in Kiev, referringto the turmoil during the last global financial crisis. “Thestructure of the problem has still not been understood. Wehaven’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.

It looks, as though silver is ahead in the game of Leap Frog with Gold.

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

We have met the enemy and it is us! Pogo - Gold & Silver Up a Bit - Miners following - Is the gold/silver correction over?- Miners - Currencies

2011-10-06T09:48:00.000-05:00

As God's call to American individuals, families, and churches to repent and return to Him from our pagan ways, He has delivered a 212% increase in unemployment over that of August. How low must we get before we will return to our Providential Founder? Christians, it is up to us to repent, seek His face, and turn from our evil ways back to Him.

Why, many would ask? We are failing to tithe to Him on a regular basis, therefore we have a very wasteful welfare system. We fail to honor the Sabbath by consistent corporate worship, acts of mercy, and fellowship with Christians. We have added to God's prescribed ways of worship to suit our own desires instead of His. We neglect the diligent study of His word in order to know His way in all of life. He is not first in our lives as we seek to be content in all of life by seeking fun instead of the lasting joy which comes from King Jesus, alone.

We often do not present the gospel to the lost for fear of offending others. Fellow Christians, we have left our first love. Remember how great it was to be a new Christian? How great was His word which became letters from a dearly loved God who first loved us.

In these and many other ways, we fail to recognize Scripture as sufficient for all of life. And we have lost our hunger for God's written word which is all about His Son. Christ came to earth at great sacrifice to do the will of His Father. Should not we seek to do the same? Do you seek to consistently do the will of the Son by following His example under the power of the Holy Spirit? If not, then you are part of the problem and not the solution until you repent and turn back to Him 24/7.

Resource Investor:

Silver Shorts Cover Nearly Half Position in a Week
As we anticipated earlier this year, commercial shorts including JPMorgan are finally within grasping reach of covering their positions and transitioning to net long. For more than a decade, the large commercial trading banks have been trapped with an enormous short position in silver as the price has risen from its lows near $3 to its May high of nearly $50. Most analysts expected the commercial shorts to be broken in a short squeeze, likely launching silver above $100. However, this short squeeze will not occur. Finally, they have manipulated the price to take down half. What about the other half? Are they still going to play the game with us to dump them, too? Note the great graph. HERE.

Gold Is NOT a Safe Haven
Surprise! Gold is not a "safe haven" – a genius insight many pundits are pushing today like they just split the atom.
No one watching gold's ups and downs over the last decade's five-fold gains would claim otherwise. But fair's fair. The price has slumped 11% this past month, even as stock-markets and the economic data tanked, making September 2011 the worst month since the wipe-out of October 2008 after Lehman Brothers collapsed.
How come? Wasn't a banking crisis, plus the threat of a government default, supposed to be good for gold? Well, just like three years ago, the problem with a banking crisis – and the accompanying stock market crash – is that it forces money to flee the futures market. There speculative traders can bid up (or push down) the price of gold in the future, using borrowed money. The game is always played with the paper (futures) market, not the physical metals. To a great extent this is true. However, there remains a great demand for gold and silver coins are in very short supply. HERE.

Is the Correction Over in Gold & Silver?
Stock markets are tumbling from Japan to Wall Street. Already shaky Spanish and Italian financial instruments are quaking in their fancy boots as Greece does not make the cuts needed to be able to receive financial assistance. Vladimir Putin, a prototypical example of a classic Russian Bear says that the American Bull has blunted horns and suffers from impotence. He states, “Americans are living beyond their means and shifting the weight of their problems to the world economy...They are living like parasites off the global economy and their monopoly of the dollar.” China joined Putin by calling the brouhaha in the West as “madcap brinksmanship.”
The scepter of fear is haunting the fiscal world from West to East. International turbulence is precipitating a search for safe havens. Treasuries (TLT) are hitting new highs, the US dollar (UUP) has bounced versus other currencies, commodities (DBC) are being sold off and gold(GLD) and silver (SLV) bullion’s volatility has increased significantly.

These actions are signaling a notice of caution in an economy which is in desperate need of jobs. It is not only the debt crisis, it is the debt. The world is worried. Scared is the correct word. Those who depend upon the markets are learning that many are not safe. The concept of the safety of the dollar is an illusion which will eventually pass. The only sure security and prosperity is found in King Jesus and fear of Him. That with an application of His word to ALL of life, is the only answer. HERE.

Gold & Silver Speculators Have Left the Building
We use a combination of sentiment analysis and technical analysis in market timing which often gets a bad name courtesy of mainstream retail nonsense. The dumb money tries to time the market while the smart money utilizes market timing to weigh risk and reward. It’s rather simple when you acquire the skills and helps you understand markets. Recently we had been quite bullish on precious metals but thought we were in a small corrective period. We were wrong as the sector has suffered from Europe’s version of 2008. The good news is, our market timing work leads us to believe that the worst is soon to be over and this is an opportunity on the long side for those who have a twelve month time horizon. The speculating interventionous banks have very deep pockets and continue to play as long as they can. I, therefore, doubt that all speculators have left. This article has some great graphs. I would also expect the price of both metals to be consistently moving higher with minor setbacks if all had "left the building." HERE.

The Daily Pfennig (Pfennig@EverBank.com):
Chuck Butler gives more of his thoughts on China today: "Listen to me now and hear me later dear reader. The U.S. depends on the kindness of strangers to allow us to continue our deficit spending. And the major "stranger" is China. The day China does a Roberto Duran, and says "no mas". we as a country will turn into Greece, with insurrection in the streets, because the Gov't won't have the money to continue to issue food stamps, and all the other Gov't boondoggles that exist. So. please. let's not tick off China. People argue that China needs us as much as we need them. And a few years ago, that was true. China got their financial strength from exporting goods to the U.S. But when the you know what hit the fan in 2008, and China's exports to the U.S. went to hell in a hand basket, the Chinese decided to change. And they promoted domestic & regional growth. So, yes China needs the U.S. to continue to buy their goods, but not more than we need them." These are my thoughts, as well. Of course, if we could stop our debt and spending binge, we would not need others to support us by giving us more debt. That should have happened years ago, but will it happen today? NO!

MineWeb:

Analysts mostly unfazed by gold price volatility and raising 2012 forecasts
Far from lowering their 2012 gold price forecasts in the light of recent volatility, many mainstream analysts have actually been raising their predictions for the year ahead seeing unchanged fundamental support. One has to take along term view on the precious metals and rest in the bull market which exists. The volatility comes from the paper, not the actual metals market. Therefore, the first priority must be to have in hand the metals. HERE.

Miners from Scottrade: The miners are on the move again. Both gold and silver are showing improvement, as well. Could the correction be over? Have the boyz covered all their shorts and are now letting the prices float with the market activity? Possibly!

Currencies from KitCo:

Some Prices: DOW up 38.18 to 10977.56; S&P up 5.42 to 1149.45; NASDAQ up 20.10 to 2481; Gold up 1.70 to 1644.30; Silver up 0.81 to 31.32. Gold and silver are playing leap frog with silver in front now.

Best to each, Doug

Gold & Silver are Down a Bit, I imagine the banks have more shorts to cover - Miners Generally Up - General Markets are up a bit were down earlier - Social Security a Mess - Hunger Hoax

2011-10-05T09:40:00.001-05:00

KingWorldNews:

John Embry - Silver is Completely Flushed out to the Downside

With stocks continuing to struggle and the gold holding near the $1,620 area, today King World News interviewed John Embry, Chief Investment Strategist of the $10 billion strong Sprott Asset Management. When asked about the action in gold and stocks, Embry responded, “I think a lot of it relates to what’s happening in the stock market. Despite the best efforts of the Plunge Protection Team, the stock market had two brutal days. On Friday, the last day of September, they couldn’t hold the Dow above 11,000. Once again, yesterday, despite their best efforts it plunged again.” HERE.

</frame&gtJohn Embry continues:“But the fact is when this is going on they can’t have gold look good and so consequently they throw everything they can at the gold market. We were $1,680 overseas and once the COMEX gets going they drop the price $50 like it’s nothing. It’s all just paper shenanigans and I guess they are able to access from the various central banks and ETF’s, enough gold to facilitate this activity. The longer-term sustainability of this is zero and the price is going to go up to levels that nobody is going to be able to comprehend. One technical service that I look at suggests that the window is closing to the downside and this week and today might be the bottom.

TownHall:

The Hunger Hoax

Thomas Sowell

Twenty years ago, hysteria swept through the media over "hunger in America."
Dan Rather opened a CBS Evening News broadcast in 1991 declaring, "one in eight American children is going hungry tonight." Newsweek, the Associated Press and the Boston Globe repeated this statistic, and many others joined the media chorus, with or without that unsubstantiated statistic.
When the Centers for Disease Control and the Department of Agriculture examined people from a variety of income levels, however, they found no evidence of malnutrition among those in the lowest income brackets. Nor was there any significant difference in the intake of vitamins, minerals and other nutrients from one income level to another. HERE.

Walter E. Williams
Social Security Disaster
Politicians who are principled enough to point out the fraud ofSocial Security, referring to it as a lie and Ponzi scheme, are undersiege. Acknowledgment of Social Security's problems is not the same ascalling for the abandonment of its recipients. Instead, it's a call totake actions now, while there's time to avert a disaster. Let's look atit.
The term was derived from the scheme created during the 1920s byCharles Ponzi, a poor but enterprising Italian immigrant. Here's how itworks. You persuade some people to give you their money to invest. Aftera while, you pay them a nice return, but the return doesn't come frominvestments. What you pay them with comes from the money of other peoplewhom you've persuaded to "invest" in your scheme. The scheme works solong as you can persuade greater and greater numbers of people to"invest" so that you can pay off earlier "investors." After a while,Ponzi couldn't find enough new investors, and his scheme collapsed. Hewas convicted of fraud and sent to prison. HERE.

MineWeb:

Gold extends previous session's losses; investors wary of buying
Spot gold was down 1.3 percent at $1,599.70/oz on Wednesday, extending the hefty losses made in the previous session as investors remain cautious of the yellow metal because of its recent declining trend. HERE.

Goldman Sachs reckons gold to trend higher on low real US interest rates
Goldman analysts reckon that there is a strong correlation between the gold price and low or negative real interest rates and that current U.S. rates should support a gold price of between $1800 and $1900. HERE.

Gold miners net hedgers for second consecutive quarter
The second quarter saw gold miners add 0.19 million ounces to the global hedge book, the first consecutive quarterly net hedging in 10 years, according to Thomson Reuters GFMS and France's Societe Generale. HERE.

Emerging markets to push commodity prices 20% high over the next 12 months - Goldman
The investment bank reiterated its "overweight" recommendation on commodities for the next 12 months on expectations that EM growth will offset the slowdown in the west. HERE.

MoneyMorning:

The Gold Price Conspiracy Uncle Sam Doesn't Want You to Know About

By Peter Krauth, Global Resources Specialist, Money Morning

Is it really so preposterous to believe the United States and Europe would conspire to keep pole position in the global financial system?

I don't think so - and neither does China.

That much was revealed in a diplomatic cable recently uncovered by Wikileaks.

According to the 2009 cable from the U.S. embassy, China believes the United States and Europe have, as a matter of policy, suppressed the price of gold to discourage its use as a reserve currency.

And there's a pretty compelling case to be made for a gold price conspiracy. HERE.

CaseyResearch:

The Greatest Bubble in History Is at Our Doorstep

By Jeff Clark, BIG GOLD

It may not feel like it after a 12% correction in the past 30 days, but Mike Maloney – founder of GoldSilver.com – is convinced that we’re in a gold bull market that will be life changing for those who participate. I interviewed him for our current edition of BIG GOLD and am sharing some of what we talked about here. You may be shocked at what you read, because he’s devoted a larger allocation to gold and silver than we have. See why he’s convinced a bubble is ahead for precious metals, how high prices will go, and why he stores some gold overseas. HERE.

Miners from Scottrade: Note that even though the metals are down, most of the miners are up this morning.

Currencies from KitCo:

Some Prices: DOW up 24.98 to 10833.61 ( Opened Down); S&P up 3.69 to 1127.64; NASDAQ up 11 to 2415.76; Gold down 15.10 to 1609.10; Silver down0.79 to 29.44.

Best to each, Doug

Political messiahism - Trade War Threats - Gold & Silver still Correcting - Miners in Buying Range - Dollar Strong - Euro Hit

2011-10-04T10:44:00.000-05:00

Folks,

There are reports of a bill in the Congressional Halls of the U.S. threatening to place restrictions on trade (imports) from China. In my opinion, we should have a free international trading market. Thus, we and the citizens of all countries would have an opportunity to export and to import the products which meet our quality requirements at the least cost.

When one considers that China is the target of a great deal of rhetoric, it must be seen as playing with fire. China, regardless of your like or dislike of China and her products, has been the engine which has supported the U.S. by buying our debt to support our out of control spending. Without the Chinese, we would already be openly bankrupt before the world. It is dangerous to poke your supporter in the eye with a stick.

We could be on the brink of starting a war of protectionism which greatly exceeds that which contributed to the other Great Depression. Further, too often protectionism has historically resulted in shooting wars. We should not be interested in escalation of the wars in which we are currently engaged. A Greater Depression, as our present situation seems to be headed for as often mentioned by Doug Casey, could be the end of the U.S.

There are many who blame China for our financial woes, but we are to blame by getting too involved around the world and by making special deals with China. It is mostly our doing. We always accuse the Chinese of manipulating their currency and forgot to get the log of dollar manipulation we do consistently.

This is a very serious matter. We should all contact our congressional representatives and senators and tell them to back off.

TownHall:

Stop Whining'?
Thomas Sowell
If there was ever any doubt that the Democrats take the black vote for granted, that doubt should have been put to rest when Barack Obama told the Congressional Black Caucus, "Stop whining!"
Have you ever before heard either a Democratic or a Republican leader tell his party's strongest supporters, "Stop whining"?
Blacks have a lot to complain about, not just about this Democratic administration but about many other Democratic administrations, national and local, over the years. HERE.

Stopping Obama's 'Pay Their Fair Share' Shenanigans
Chuck Norris
The White House's buzz words for the propaganda campaign to raise taxes on the wealthiest Americans and corporations are "pay their fair share." But is President Barack Obama's pitch reflecting honest economic inequity or more dishonest spin from his bag of duck-'n'-weave political manipulations?
This year alone, nearly every member and minion of this administration (including the mainstream media) has regurgitated "pay their fair share" like cows chewing cud. They have done so to prompt Americans to feel that the wealthy are getting a free ride regarding taxation while lower- and middle-class folks pay their societal ticket. HERE.

Messiah Complex: The Sequel?
Cal Thomas
Listening to some establishment Republicans grousing about the field of GOP presidential candidates should serve as a warning. Republicans, if they are not careful, are in danger of catching the same virus that infected Democrats in 2008.
That would be a messiah complex, the belief that one man (or woman) can deliver us from our collective economic, social and foreign policy "sins" and bring redemption to a nation from the consequences of too many wrong-headed choices.
Perhaps a Republican president with a 60-vote, veto-proof Senate majority and an expanded House majority might be able to revolutionize government, but only if squishy Republicans in both bodies went along, which seems problematic, especially on big issues. Even the Republican Party has the messiah complex > knight in shining armor complex arriving on the scene. Both major parties suffer from this complex, just as Obama has epitomized it throughout his reign and campaign. There is only one Messiah, and that is King Jesus Who rules as Sovereign over all. Call Thomas is right on about the illusion in the minds of both parties and our citizens. HERE.

MineWeb:

More QE needed as western worries hit base metals -Edison
Edison Investment Research's Charles Gibson looks at some of the reasons behind the recent falls in base metals and argues the case for further quantitative easing. Listen to the Pod Cast HERE.

Silver price to average $36.11/oz this year, $39/oz in 2012-TD Securities
Silver disappointed yet again this summer, experiencing one of the sharpest declines in the commodity space. Meanwhile silver surpluses are building, which bodes ill for the white metal. HERE.

Savers turn to gold while between a rock and a hard place
Policy-makers have little choice left but make gold only more attractive for investors looking to preserve their cash as global economists try to deal with today's mountain of debt. HERE.

Gold rises as on fears Greek default could hurt stock markets
European gold prices climbed 0.7% on Tuesday to $1,668.19 an ounce, amid fears that debt-ridden Greece could be heading for a default, potentially hurting stock markets. HERE.

Here is the gold graph from StockCharts.com for yesterday. Gold is giving mixed signals at this time. It is down 35.70 to 1627.40 at present. I am still not selling though we have taken big hits. Even the miners are presently down in concert with the broad markets. One wonders where there is safety and security other than the Lord. Of course, there is none that is as certain as with King Jesus. We will now continue with more from MineWed.

Price fall makes for buying opportunities in gold mining stocks

Canaccord Genuity's Steven Butler didn't expect mining equities to fall as hard as they did after the gold price tumbled but believes the drop has created some welcome bargains. Gold Report interview. HERE.

A Long term focus is important amid all the volatility
While prices have fallen significantly in recent weeks and volatility continues to rise, David Levenstein looks at what has actually changed, if anything. The fundamentals have not changed. Looking from a biblical view, Christians always have a longer term view. They are preparing the children to continue the work of spreading the knowledge of , acceptance of, and spread of the Kingdom of King Jesus. The way to do this is to teach them first the fear of the Lord which is the beginning of wisdom and then to prepare them financially to have the means to do the kingdom work. Of course, this article does not see it from this perspective, but the long term focus is important. HERE.

The Daily Pfennig (pfennig@everbank.com): "Another thing that's crucial these days is not having debt. These past 9 years, with debt plaguing the performance of the dollar, has been quite interesting, watching the debt explode to the upside, and the dollar implode to the downside. But now, the Eurozone has taken on their own debt problems, and so it is that investors look for a safe haven. The U.S. has debt coming out its ears, has had its credit rating downgraded, and has just scratched the surface of debt, with the unfunded liabilities staring us right in the face. The Eurozone peripheral countries, otherwise known as the PIIGS or GIIPS, whichever you prefer. for me, I just call them the debt ridden countries of the Eurozone! Well, the Eurozone no longer offers a respite from the dollar and all the U.S. debt. I've said for some time now that the reason the euro was able to maintain its very strong margin against the dollar was that the dollar was uglier. it was an ugly contest and the dollar was the winner. But guess who's catching up? The markets are looking over the euro with a magnifying glass these days, and they don't like what they see. pimples, skin rashes, hairy growths. you name it, not only does the dollar have them but so too, the euro." Debt has a history of being the destroyer of families, churches, and governments of all types. Remember as the families and churches go, so goes the nation in which they live. A nation is blessed by the fear of the Lord by the families and churches. When they lose this fear, the blessing of the nation by God becomes a wrathful judgment through which God is warning them to repent and return to Him. That is not fun for the citizens who fail to respond to His call.

Miners from Scottrade:

Currencies from KitCo:

Some Prices: DOW off 164.83 to 10489.86; S&P off 10.92 to 1088.41; NASDAQ up 3.86 to 2339.52; Gold off 42.60 to 1618.30; Silver off 0.97 to 29.52. The entire market seems to be running in crash mode. Silver is in a good buying range for me, but the premiums remain high. I am interested in buying some more pre-1965 90% silver coins.

Best to each, Doug

Christians repent and return to your first love - Southern Copper (SCCO) - Miners - Gold - Silver - Currencies

2011-10-03T10:38:00.003-05:00

Folks,

The big things to look for these days is the direction of the dollar, the European PIIGS, tax increases, and the manipulation of all markets. There are no free markets today except in the illegal drugs, but that is not the business to be in because of the dangers from those in it and the government war on drugs.

A free market needs to have a steady money, not FIAT unbacked paper currencies, private property, individual liberty, and protected markets without government intervention except to wield the sword of the Lord as a minister of God to punish evil. The bible certainly does not explicitly call for a free market, but has many of the fundamental foundations principles of a free market economy. Then as we look about to determine Economics which implements this principles illustrated and prescribed by the Word of God, we are lead to the historic or Austrian School of Economics. The current Keynesian Economic Theory is what brought us in violation of God's Law into the chaos of financial fiasco whirlpool.

I believe God is using our current financial woes to call us to our knees and to turn back to Him. We must kiss the Son of God else God's wrathful judgment will come in full force. Pray for the Holy Spirit to encourage His people back to their first love: King Jesus. It may be too late already, but without a return to Him, the end of America will come.

One of the ways we honor our King Jesus is regular attendance in corporate worship at a Trinitarian Church which preaches the entire word of God, practices the two Sacraments (Baptism and the Lord's Supper), and exercises discipline over its members. This is essential!

The Privateer:

"Calling the near term fate of ANY investment or asset in current market conditions is all but impossible. The desperation of the global monetary powers that be are reaching such heights that they are willing to perform any fiscal or monetary form of atrocity to (they hope) hold things together. Meanwhile, on the paper investment markets, the participants are literally at their wits end. And whenever that happens, their "faith" in the "system" is all they have left to sustain them, so they retreat to the US Dollar and US government debt paper. After all, if THAT folds up, so will the system.
That's why everyone needs to own physical Gold. Look upon this correction as an enhanced opportunity to add to holdings or, if you haven't got any Gold yet (Why not?) to start accumulating. Anyone who bought Gold at any point in the corrections of 2006 or 2008 has been sitting pretty ever since. Despite the fact that Gold is now about $US 270 lower than it was three weeks ago, they still are."

MineWeb:

Well-timed price slump has Indian gold traders expecting a bumper festival season
Good monsoons and price weakness ahead of the 9-night Navratri festival, which kicks off the Indian festival and wedding season has traders rather excited. A real break for India. HERE.

Gold rises for third straight day; longest gains in a month
Gold climbed on Monday, recording its third straight daily rise, having posted its largest monthly slide since 2008 in September. This is good news for gold. Maybe we are near the bottom of the correction in gold. Silver has yet to show a good bottom. Silver remains more volatile with more risk at this point. HERE.

Should the recent price fall mean gold no longer a "safe haven"?
If your house catches fire, do you call your insurer before trying to escape the flames...? Gold was still a better 3rd quarter performer than equities and industrial metals and its defensive value pays out over time. We are to expect this from time to time. This one came on rather suddenly and gold has given back some of its gain for the year, but I like to think in longer term. The bull is still snorting albeit softly for the time being. I expect it to be roaring shortly. HERE.

Europe's debt crisis clearly very bullish for gold and silver - Gardner
If you want to know the future, pay attention to the decisions European policymakers will have to make regarding debt, says Scott Gardner, chief investment officer at Verdmont Capital. Gold Report interview. More people moved into gold before this last correction. More will be coming as the world economic fiasco gets worse. HERE.

Have gold and silver market conditions changed, fundamentally?
Gold and silver prices are being pulled back solely in the search for liquidity, not because the safe-haven qualities of gold and silver have evaporated. Liquidity is always a problem. I have had to make major repairs to the sewer lines under our home. This has taken much of my liquidity. I feel their pain in this regard. HERE.

MoneyMorning:

Southern Copper Corp. (NYSE: SCCO) Gives You High Yield, High Profit Potential
Because Southern Copper has world-class assets and high profit potential, but its share price has taken a dive amid all of the recent market turmoil.
I love to find a sound business whose stock price has been pummeled in the uncertain markets. It screams bargain and is a major buying opportunity.
And in this case, the fact that Southern Copper's stock price has dropped means its already-juicy dividend has increased. Currently the company's $2.48 dividend equates to a 9.5% yield.Here is a stock one might consider for the dividend, alone. The fact that the price has been hit very hard does give the potential for substantial gain when/if construction picks up in the U.S. and continues in China. I have always liked this company and have bought into oversold condition in the past. I am considering it for dividend. HERE.

I am buying for my portfolios SCCO @ 24.30-24.36. You investigate and make your own decisions. Remember SCCO could go down in the near future.

MineWeb;

Scotiabank forecasts US$4/lb. copper price for 2011, 2012
While copper consumption growth is expected to slow in China, iron ore prices in the country will stay strong, Scotiabank VP Patricia Mohr forecasts, which bodes well for Canadian iron ore miners. HERE.

India's commodity exchanges poised for massive growth; faces regulatory hurdles
India's commodity exchanges have generated an annual turnover of $2.5 trillion since futures trading started in 2003 and are poised for steady growth over the next few years, but political hurdles abound. HERE.

Miners from Scottrade:

Currencies from KitCo:

Some Prices: DOW down 18 at 10895; S&P down 2.10 at 1129.27; NASDAQ down 4.77 to 2410.48; Gold up 26 to 1650.80 and Silver up 0.84 to 30.81. Lots of volatility in all markets.

Best to each, Doug

Metals Holding Fairly Well - Silver is in my buying range - Several Miners look good, too - The general maket seems to be struggling a bit. - Let's look forward to the closing of this week markets Rejoice in the Lord

2011-09-30T09:48:00.000-05:00

"This is the day the Lord has made. We will rejoice and be glad in it." We have often noted how wonderful the day can be when we focus on King Jesus. Otherwise, when we depend upon ourselves, others, or things, we wind up with unprofitable, joyless days. All of our true, lasting joy comes from our Sovereign King. It is not self generated through temporal times.

We should spend much time in thanking Him and counting the blessings that freely flow to us from King Jesus. Even our next breath or heart beat is from Him. Praise Him daily!

NRAGive:

Take Time to Say Thanks
Oliver North on honoring our troops. HERE.

ScottGrannis:

Thoughts on GDP and inflation
Today's revisions to Q2/11 GDP growth were relatively small and thus not very significant, but I thought this chart was interesting. Note how nominal GDP growth has been running right around 4% for the past seven quarters. It's the composition of nominal GDP growth that has changed; real growth has declined, while inflation has risen (inflation being the difference between the blue and red bars). Put another way, the rise in inflation has corresponded to a decline in growth. You will find the graphs very interesting. HERE.

Bloomberg:

Consumer Spending in U.S. Slowed in August
Consumer spending in the U.S. slowedin August as incomes unexpectedly dropped for the first time inalmost two years, forcing households to use up savings.
Purchases rose 0.2 percent after a 0.7 percent increase theprior month, Commerce Department figures showed today inWashington. A 0.2 percent advance in prices wiped out the gain inso-called nominal, or unadjusted, spending. Incomes decreased 0.1percent, the first decline since October 2009 Economy not a rosy as presented to us. Of course, savings is better for the longer term than current spending which all Keynesians look to for growing the economy. HERE.

SNB Ready to Defend Franc Cap With All Measures, President Hildebrand Says
Swiss central bank PresidentPhilipp Hildebrand said policy makers are ready to use “allmeasures” to protect their franc cap.
“The ceiling is there and it will be defended,”Hildebrand said at an event in Geneva late yesterday. Hedeclined to give details or comment on the extent of the centralbank’s currency purchases to maintain the cap, calling themeasure “totally credible.” The Swiss seem determined to hold to the cap based upon the Euro. This continues to be a disappointment to many who have trusted the Swiss Franc for many years. HERE.

Global Company Bond Sales Plunge on ‘Armageddon’ Scenarios: Credit Markets
Corporate bond offerings worldwideplunged in the third quarter to the lowest level since LehmanBrothers Holdings Inc.’s 2008 failure as Europe’s sovereign debtcrisis caused investors to shun all but the safest securities.
Hewlett-Packard Co. (HPQ), the world’s largest maker of personalcomputers, and Santa Clara, California-based chipmaker IntelCorp. (INTC) led borrowers issuing $543.2 billion of bonds in the pastthree months, according to data compiled by Bloomberg. Issuancefell 41 percent from the second quarter and 38 percent from ayear ago as offerings by financial firms and junk-ratedcompanies largely evaporated.
Bonds are not always the safest investment in spite of what most folks believe. HERE.

Reuters:

Wall Street sinks at the open after China data
Stock indexes fell more than 1 percent at the open on Friday, putting equities on track for their fifth straight monthly decline, as China's manufacturing shrank and stirred fears the global economy was slowing. HERE.

MineWeb:

How inevitable is further upside for gold?

While the current global macro-economic picture still provides good reasons for higher gold prices, there are perhaps a few other factors at play that are worth considering. HERE.

Gold set for strong quarter despite worst month in nearly 3 yrs
Even though the metal is set to end September more than 10% down, its worst monthly performance since Oct. 2008, gold is on track for its biggest quarterly gain in 2011. HERE.

Miners from Scottrade:

Currencies from KitCo:

Some Prices: DOW off 54 to 11098; S&P off 11.17 to 1149.18; NASDAQ off 26.61 to 2454; Gold up 6.60 to 1622.50; Silver off 0.31 to 30.37.

Best to each, Doug

Swiss to Launch Gold Currency on Exchange - What is FIAT Money? - Gold & Silver at or near bottom? - Miners are Ripe for Selective Picking.

2011-09-28T09:47:00.000-05:00

Folks,

As I mentioned in my email and yesterday's blog, I am bottom fishing which many may call dumpster diving. Yes, I am accumulating additional miners (mainly, HMY, FSM, & HL). This is what I am doing, but this may not be correct for you. Make your own decisions.

I am working from a long term perspective in what I see as a continuing bull market for the precious metals. Silver has been hit very hard, but the demand for physical silver remains very high, as it does for gold. If you have shopped around for silver or gold, you have found that premiums are going up very rapidly, and dealers are having difficulty filling orders. This situation is world wide. Why then are the prices remaining low? You already know my answer. Many others have joined in these thoughts on intervention and manipulation.

As strange as the markets are acting, it is very comforting to be able to rest and trust in King Jesus. He is in control and has everything and everybody completely in tow. We are simply to obey Him and work for His glory and the kingdom. That way, we can rest assured and enjoy Him completely.

VisiontoAmerica:

Democrat Governor Calls for Suspending Elections
File this in the random-things-politicians-say file. Speaking to a Cary Rotary Club today, N.C. Gov. Bev Perdue suggested suspending Congressional elections for two years so that Congress can focus on economic recovery and not the next election. Was she serious? HERE.

From Chuck's Daily Pfennig:

"To recap. The currencies were unable to add to their gains reported yesterday, and until just a few minutes ago, were trading in a tight range. The euro has gained some ground this morning, and is pushing the other currencies higher too. Gold couldn't hold its gains from yesterday morning, and after hitting a higher of up $70, it closed to up only $22. UGH! Home prices continue to fall. and U.S. consumers continue to lose ground with wages." The fundamentals remain the same as yesterday. Our economy is not in good shape, at all. It seems to be getting much worse. I wonder how long the FIAT paper currencies will exist.

GoldSilver:

Swiss Stock Exchange to launch gold currency
Market action at the end of last week confirmed that the US Federal Reserve has disappointed traders; although the Fed's announcement of Operation Twist had been expected by many analysts, the market had been hoping for more quantitative easing. This disappointment, combined with Bernanke’s pessimistic assessment of “significant downside risks” to the US economy, has hurt all asset classes except the US dollar and Treasuries – in particular commodities. On Friday the gold price experienced a sharp setback of up to $101.90, or nearly 6%, to $1,639.20 per troy ounce. However, the Swiss Stock Exchange said it will soon introduce a gold currency that is designed to offer new clearing services to its trade customers.

Fears among investors that the world economy is slipping back into recession have intensified since the middle of last week. The Fed’s Operation Twist is designed to invest another $400 billion in the purchase of long-term Treasury bonds – the same amount is going to be sold in the form of short-maturity government bonds. The Fed´s move is designed to keep long-term US interest rates at low levels. Many market participants do not like the idea that the Fed’s new monetary strategy runs through the end of June 2012. If the Fed does not follow through with additional programs to improve the liquidity in financial markets, further asset sell-offs could be prompted by banks and hedge funds hungry for cash. HERE:

FIAT Money

Despite every effort by governments, the gap between rich and poor continues to grow. It is now the biggest it has even been in history. All sorts of reasons for this have been proffered, but few, however, seem to realise that is a simple, inevitable consequence of our system of money and credit. This video, a shorter version of which appears in the film The Four Horsemen, explains. This is a short video with a good explanation of FIAT currency. HERE.

MineWeb:

Gold and silver fall overdone but are they on the way back?
The recent plunges in the gold and silver price for whatever reasoning one puts behind them would seem to have been hugely overdone but, reality suggests the falls will be shortlived. Oversold, but slowly coming back in my way of thinking. HERE.

Gold rises as lower prices attract physical buyers

After Monday's dramatic $120 price drop, gold rose on Wednesday and continued the previous session's consolidation as price-sensitive physical buyers bought into the market at lower prices. Same goes for silver, as well. HERE.

Gold, copper top Simon Tonkin's commodities list

Gold remained at the top of Australia's favoured investment commodity list, while copper is also a key recommendation for the senior resources analyst for Australian stockbroking firm Pattersons Securities. We must remember Dr. Copper whose price indicates the status of economies. HERE.

Tumbling silver prices prompt U.S. Mint suspension of silver coins

Volatility in precious metals markets prompted the U.S. Mint to temporarily suspend a number of silver numismatic products. Bullion coin sales remain unaffected. HERE.

Gold ETF investors not heading for exit

Newest figures show that the loss of confidence that caused gold prices to fall 10% in the four days through Monday has not yet unnerved investors in the leading gold exchange traded fund. The ETFs must be in stronger (wealthier) hands. HERE.

Forbes Magazine:

The Chinese Mean To Control The Global Gold Market

Get ready for the Pan Asian Gold Exchange, scheduled to open in June, 2012 in Kunming City, Yunman Province– the gateway to all of Southeast Asia. This is serious, as the Pan Asian Gold Exchange is a part of China’s five year plan– which means it is part of China’s strategy for dominance in global financial markets and the global economy. HERE.

KingWorldNews:

John Hathaway - Here is Why Gold & Silver Have Bottomed

With gold and silver rebounding, today King World News interviewed four decade veteran, John Hathaway, the prolific manager of the Tocqueville Gold Fund. When asked if this latest decline in the metals felt like 2008, Hathaway stated, “It certainly did, the last two weeks especially, it was so panicky. The difference is that the governments in Europe, for sure, and the US, have shown their willingness to step in to provide a backstop (through money printing), in order to prevent a complete meltdown.”

John Hathaway continues:

“You can debate whether ‘Operation Twist’ is going to make any difference at all, but it certainly shows an activist Fed stepping in to be as supportive as it can. The precedent has been established that should we have another decline in the markets, the central banks in Europe and the US are going to be on the side of money printing." HERE.

Miners from Scottrade:

Currencies from KitCo:

Some Prices: DOW off 18.62 to 11177.75; S&P off 5.40 to 1169.98; NASDAQ off 8.99 to 2536.78; Gold off 10.50 to 1639.20; Silver off 0.97 to 30.91. I believe we are at or very near the bottom in this metals correction.

Best to each, Doug

Searching for another Ronald Reagan - Genetically Modified Food - HMY - Miners - Gold - Silver -Correction Over?

2011-09-27T10:18:00.000-05:00

Our Triune God rules all. King Jesus has been placed as sovereign ruler of all things, peoples, and time. This most people understand, but the unbelievers try to ignore or deceive themselves by attempting to hide from the light (John Chapter 1). All mankind is created in the image of God, and I believe the Scriptures show that every person searches to fill an empty space in his heart. God placed that there that man would seek for God, but the unbeliever does not know that the space can only be permanently and completely filled by God, Himself. The Book of Ecclesiastes discusses this in detail. It is like peeling an onion as man searches for different experiences and periods of life to fill his longing for God. When one peels an onion to the end, he finds nothing. In life the search ends with the belief that all is vanity without God's intervention to bring him to life at the foot of King Jesus.

TownHall:

Thomas Sowell
Superman vs. Warm Body 9/27/2011
One of the problems in trying to select a leader for any largeorganization or institution is the tendency to start out looking forSuperman, passing up many good people who fail to meet that standard,and eventually ending up settling for a warm body.
Some Republicans seem to be longing for another Ronald Reagan.Good luck on that one, unless you are prepared to wait for severalgenerations. Moreover, even Ronald Reagan himself did not always actlike Ronald Reagan.
The current outbreak of "gotcha" attacks on Texas Governor RickPerry show one of the other pitfalls for those who are trying to pick anational leader. The three big sound-bite issues used against him duringthe TV "debates" have involved Social Security, immigration and avaccine against cervical cancer.HERE.

Chuck Norris
The US, the UN and Genetic Engineering 9/27/2011
Would you know if you were eating genetically engineered foods?
The Chicago Tribune recently reported that with no labeling on such foods, many people don't realize that they are doing just that. Genetically modified crops constitute 93 percent of soy, 86 percent of corn and 93 percent of canola seeds planted in the U.S. and are used in about 70 percent of American processed food.
The Tribune went on to say that polls from the Pew Center, Consumers Union and Harris Interactive over the past decade have shown that the overwhelming majority of Americans would like to see genetically modified foods better-regulated and -labeled. Despite that, President Barack Obama's administration has approved an "unprecedented number of genetically modified crops," such as corn grown for ethanol. My family and I are having a great problem in identifying the GMCs which are offered for our table. We have a concern that many are not healthy for consumption. Be forewarned, investigate and make your own decisions. HERE.

MineWeb:

Long term gold stock investment - David Christensen
David Christensen, head of ASA Gold and Precious Metals Limited-one of the world's oldest and largest closed-end precious metal funds-sees opportunities emerging, especially among the majors. Gold Report interview. HERE.

Gold rises 3% on physical buying and weaker dollar
Gold prices jumped more than 3% on Tuesday as a drop in the dollar index helped the precious metal snap a four-day run of losses, thus tempting price-sensitive physical buyers back to the market. The demand for gold and silver remains very high. This fact continues to bring the capping and hammering into question. Chuck of The Daily Pfennig reported that their trading desks were having a buying day as the prices dropped. It is not normal for paper prices to be falling so rapidly as buying of the physical metals is very strong. HERE.

Mints can't keep up with silver coin and bar demand
The president of precious metals dealer Dillon Gage points to record demand this year for silver coins and bars and still sees the possibility of $50 silver in 2011 and is optimistic for 2012. Why do prices then fall? I believe I have been reporting the real truth about that. HERE.

Why gold and silver crashed and how soon will they recover?
Gold and silver investment parameters have changed since the last big crash in 2008. This suggests that any recovery from a fall will be far quicker for both precious metals.
In what seemed like just moments, the global markets began to tumble and gain momentum, falling between 5% and 20% so far, and the falls keep coming. No fundamentals have changed, no breaking news shocked the market, but suddenly we are back to 2008, when highly leveraged investors with as little as 10% paid on their positions were wiped out and forced to sell to stop more losses. As computer-imposed, protective stop-loss instructions were triggered, falls accelerated, wiping out investors left, right, and center. That certainly presents a partial answer. However, I believe the big influence was the initial capping and hammering by the bullion banks. Just my opinion, but there it is. HERE.

Fractal analysis suggests latest drop is the calm before a gold tidal wave
Price and the technical Indicator readings for the precious metal Stock Indices continue to track the 1970’s with much higher prices expected in the intermediate-tern. Could be! As I mentioned in the email yesterday, I am doing some dumpster diving and picking up some small bites of morsels. HERE.

Harmony Gold reports fatal accident at Evander mine
Tuesday,27 Sep 2011 Harmony Gold
Harmony Gold Mining Company Limited (Harmony) regrets to advise that following an ore pass accident and subsequent rescue efforts, an employee and two members of an external rescue team were fatally injured yesterday at its Evander mine in Mpumalanga. Always bad news in these very deep mines. HERE.

ZeroHedge:

BBC Speechless As Trader Tells Truth: "The Collapse Is Coming...And Goldman Rules The World"

This may not happen, but it is better to be prepared than to wait and see. There is much truth in this report, but some seems a bit too pessimistic. Read and hear this HERE.

KingWorldNews:

Agnico Eagle CEO - The Price of Gold is Bottoming Here

With gold around the $1,600 level and silver trading near $30, today King World News interviewed Sean Boyd, CEO of $11 billion Agnico Eagle. When asked what he sees happening with the global crisis, the price of gold and the mining sector, Boyd responded, “We sort of sit back here in the business of producing gold, looking out at the financial landscape and we continue to tell ourselves that nothing has really changed here. The fundamental issues globally still have not been addressed and our theory all along has been that the only way out of this debt mess is to print our way out of it.” This is my belief, too. Thus, the dumpster diving. HERE.

Rick Rule - Why We’re Aggressively Buying Gold, Silver & Miners

With continued volatility in gold and silver, today King World News interviewed one of the most street smart pros in the resource sector, Rick Rule, Founder of Global Resource Investments, which is now part of the $10 billion strong Sprott Asset Management. When asked what he is doing with his own money and what to expect in gold and silver going forward, Rule responded, “The fact is that right now, where we are (his firm) in the market, my bigger accounts have very, very large cash positions and I am going to use this as an opportunity to diversify more of my cash into bullion or bullion related instruments.” HERE.

Miners from Scottrade:

Currencies from KitCo:

Some Prices: DOW up 267 to 11309.51; S&P up 27.36 to 1190.30; NASDAQ up 55.75 to 2572.35; Gold up 32.50 to 1660.50; Silver up 1.87 to 32.62. Both metals up strongly.

Best, Doug

No Such Thing as Free Markets as All is Intervention and Manipulation

2011-09-24T14:13:00.000-05:00

From Ed Steer's Gold and Silver Market Newsletter:

CME raises gold, silver, copper margin requirements

The dust had barely settled after one of the biggest criminal take-downs in precious metals history, when the CME announced that they were raising margin rates for gold, silver and a couple of other commodities. This they did after the close of business on Friday...long after the damage had been done. Margin requirements are always raised in rapidly rising markets...not after the commodities in question lie bleeding on the trading floor.
This takes effect at the close of business on Monday...and is just one more way of beating the last leveraged longs out of their positions so that the bullion banks can cover more short positions. This is as criminal as it gets.
If there are that many leveraged long positions still left, this will negatively impact the prices of these commodities during the Monday trading day as these longs toss in the towel as well.
This short story, from The Wall Street Journal last night, is printed in the clear in this GATA release...and is a must read. The link is here. If you want to read the full text of the CME advisory, the link to that is here.

View full GSD edition

Read this carefully. In these two paragraphs, Ed shows that an increase in margin requirements at this time was simply a move to slam the precious metals and other commodities when it was not required. It was to benefit the big bullion banks who are loaded with shorts. The impact on gold is exhibited in the following Daily and Weekly Gold Graphs from Stock Charts.

The long term bull trend has yet to be broken. Looking at silver, we see a similar pattern as a result of intervention, as well. The drop was due, but this time, it is difficult to say that it was not due to interference with what little freedom there is left in the paper markets for the metals.

Note: That silver is at the price where I made my last purchases of Silver Eagles. At that price they look interesting to me. However, we may well see lower prices. But we could see an upward bounce on Monday. The drop, though result of manipulation through margin increases, and bullion bank manipulation. This is providing excellent short covering prices for the banks. The prices are also running the weak hands out of the metals and miners.

We will have to wait and see if there is a bounce upward on Monday or the drop continues. The margin increase was really devastating as the general market failed to perform well, too. The uneasiness and world wide financial fiasco continues and investors are fearful. What next?

Monday, we are unlikely to see any return to normalcy. Expect volatility and more drops in prices. As usual after so significant a drop last week, we would expect to see a substantial upward bounce which is not out of the question, but I feel not very likely.

Many of the miners are very tempting at these prices, but be very careful. I am doing very little buying now. I am waiting to see the direction on Monday.

The miners are generally more resilient than the general market, but after all, the precious metals were targeted for much slamming and capping.

Plan wisely, commit your plans to the Lord and depend upon Him for results. Also, we are to take one day at a time.

Best, Doug

There is trouble, right here in River City; that, is all markets. Gold & Silver down big over night. King Jesus still rules.

2011-09-23T08:37:00.005-05:00

Folks,

It looks like another terrible day in all markets. Even the metals are down big time over night. Bernanke will get the helicopters up very soon. The twist in bonds went over like a led balloon. The later QE III is likely to have the same result.

Investors seem to be wising up to the fraud of unbacked paper currencies. Eventually, they will turn to gold an silver big time, but for now even the metals are big losers. Gold has broken through support over night, as has silver. The general market looks to be headed much lower in spite of the almost 400 drop yesterday. This is a bad trip and where it stops no one knows.

I hate to say it, but it is likely a good time to be playing the downside. After what happened this week, it would seem that the markets should rebound a bit. They are likely over sold at present, but that condition can extend much farther than we have resources to survive it.

This looks to be another disaster in all markets. I plan to watch it closely, and will put out emails as to any actions I take.

Here is a look at gold from yesterday. Gold is presently down 41.90 at 1694.

Miners at opening from Scottrade:

Prices: DOW off 28 to 10704.65; S&P off 2.13 to 1127.43; NASDAQ off 1.83 to 2454..52; Gold pff 42.50 to 16793.70, and Silver off 3.20 to 32.64.

Best to each, Doug

QE III is the Twist Played for Us by the Fed - Metals taking it on the chin - Markets Down, Down, Down

2011-09-22T09:26:00.000-05:00

The twist the Fed has announced as a new QE have been rejected by the general markets as all are down big time. The dollar bulls are having a field day for the time being. Even with the very poor fundamentals of the dollar these bulls are pouring funds into them long term treasuries and dollars. There will very likely come a day of regret for them. In the mean time the metals and miners have moved into very tempting price ranges. Remember to make your own decisions. These are to inform you of the market decisions I am making for myself.

These are times which are perfect for God's words in Psalm 46:

"For the choir director. A Psalm of the sons of Korah, set to Alamoth. A Song. God is our refuge and strength, A very present help in trouble.
Therefore we will not fear, though the earth should change And though the mountains slip into the heart of the sea;
Though its waters roar and foam, Though the mountains quake at its swelling pride. Selah.
There is a river whose streams make glad the city of God, The holy dwelling places of the Most High.
God is in the midst of her, she will not be moved; God will help her when morning dawns.
The nations made an uproar, the kingdoms tottered; He raised His voice, the earth melted.
The LORD of hosts is with us; The God of Jacob is our stronghold. Selah.
Come, behold the works of the LORD, Who has wrought desolations in the earth.
He makes wars to cease to the end of the earth; He breaks the bow and cuts the spear in two; He burns the chariots with fire.
"Cease striving and know that I am God; I will be exalted among the nations, I will be exalted in the earth."
The LORD of hosts is with us; The God of Jacob is our stronghold. Selah."

One could play this rise in the dollar as it kicks the stuffing out of all but the Yen. However, I choose to rest in the Lord King Jesus and do nothing for the time being. I expect to have an opportunity to add to my portfolios and have dollars "kept dry" for just such purpose. In the meantime, I have battened down the hatches and taken a long term view on the metals and miners by putting them on hold for me..

Daily Pfennig (Pfennig@EverBank.com): "The Fed did announce a different plan yesterday, called Operation Twist, in which they will purchase 6 year and 30 year Treasuries to the tune of $400 Billion, and sell an equal amount of Treasuries 3 years and less to maturity. This has pushed the dollar to the front of the class, and the only standing currency other than dollars is the Japanese yen. The perfect storm for a period of dollar strength that I talked about a couple of weeks ago, has hit the shoreline. better batten down the hatches." This is the QE III which I have been saying the Fed would deliver. It has given the dollar wind in its sails and it is soaring. This could last for week or even months before people realize that this will not work any better than the other QEs. For the time being expect dollar strength and, with the rejoicing of the bullion banks, the precious metals will take it on the chin. Also, it is wise to batten down the hatches to protect you from the storm. We should see great buying opportunities in the metals and miners very shortly, so keep your powder dry.

MineWeb:

Online gold buying gets a boost in India during traditionally inauspicious period
While traditional Indians observe a period of mourning and stay away from the gold market, store operators and traders are wooing them back with online discounts, hoping customers flood the internet to buy gold. This is a break for the dealers, as the price of gold declines in face of a dollar rally. HERE.

Gold dips as dollar gains post Fed decision; palladium at lowest in 10 months
After the Federal Reserve's widely-anticipated move to boost U.S. growth lifted the dollar, gold fell on Thursday, with palladium falling to its lowest price in 10 months at $667.22 /oz. This is a knee jerk reaction to the Fed announcement. It is temporary. HERE.

Rare earths shortages could exacerbate U.S. foreign policy risks, Congress told

U.S. rare earth reserves are economical to mine, which can help ease foreign policy challenges concerning rare earths, while creating U.S. jobs, says the Center for a New American Security. The are vital to most military hardware and many civilian products. China has been buying them up all over the world. This has brought the concern to the forefront. HERE.

Personal Liberty Digest:

Riding The Silver Bullet

September 22, 2011 by Brien Lundin

Silver investments are becoming increasingly attractive in an uncertain economy. With good timing and the right strategy, you could reap huge profits on the expected gains in silver.As an investment tool, silver enjoys unique advantages. In its dual role as both an industrial commodity and a monetary asset, silver’s impressive industrial qualities make it more than just another shiny metal.I have long preferred silver to gold. This is particularly true as silver has lagged behind gold. HERE.

Miners from Scottrade:

So many of the miners are in tempting buying ranges for me.

Metals from KitCo:

Currencies from KitCo:

Some Prices: DOW off 336.99 to 10791+; S&P down 34 to 1232.77; NASDAQ off 69.03 to 2468+; Gold off 53.30 to 1727.20, and Silver off 2.84 to 36.70. Both precious metals are in good buying ranges for me. However, they could go lower. You must make up your own minds about what and when to purchase.

Best to each, Doug

All are waiting for the FMOC report this afternoon - Gold & Silver Holding Well - Miners could be a great buy - Currencies - GLD

2011-09-21T10:15:00.000-05:00

The general markets, in fact, all markets are in some sort of indecisive condition. Probably due the FMOC TWO day meeting. However, there is a great deal of fear among investors, as well. We are seeing a good bit of volatility with wide swings in many market areas. The boyz have once again whacked the precious metals, but seemed to have left them alone during most of yesterday. The intervention and the world financial crisis are making the markets hazy at best. It is difficult to plan for the future with the paper currencies being revealed for what they are.

More folks are seeing these as bogus "money," and are therefore, fleeing them in favor of gold and silver which are still enjoying high demand. This is particularly true of the physical metals. Each time they are slammed down, they struggle, but move up again. Gold is just below 1800 and silver is above 40 for which we should be pleased. Gold needs to hold at about 1800 and form strong support at that level. If these levels hold, the metals could be on their merry way to a higher plateau.

The mines are lagging behind the metals, and as long as they do this, we have potential buying opportunities. There should come a time in the not too distant future for the miners to begin to flex their leverage and move up much faster than the metals. When? That is the big unknown, but how far can we be from that?

The general economic situation in the world seems to be somewhere in between recession/depression and deflation. We know that the Federal Reserve is vitally concerned about that as is Obama. Neither seem to have long range answers to this world wide fiasco. They simply want to pour more dollars into the furnace, but ignore the fact that this is the underlying cause of the fiasco.

I am convinced that God, as He did with Israel in early biblical times. He is an awesome, fearful God who expects His people to be obedient and worship Him in the manner He prescribes. When His people, family, churches, and nations turn from His and do their own thing. He is very patient, but then begins to bring problems on them in an effort to call them to repentance. He is calling America today, but we are failing to heed this call. His long suffering with us will not last forever. Remember, He destroyed His people Israel in 70 AD using the Roman Army. Will He not do the same to us without our repentance?

TownHall:

Thomas Sowell
Unsound Bites
The so-called "debates" among Republican presidential aspirants are classic examples of the media spreading misunderstanding instead of enlightenment. The ancient admonition, "With all you're getting, get understanding" has been replaced in the media by, "With all you're getting, get sound bites -- and, if possible, 'gotcha' sound bites."
After all the media hype over Governor Rick Perry's having called Social Security "a Ponzi scheme," viewers are no more informed than before as to what specifically is a Ponzi scheme, what are the objections to such schemes, and whether those same objections apply to Social Security. HERE.

Walter E. Williams
Gov. Perry's Right About Social Security
During the recent GOP presidential debate, Texas Gov. Rick Perry said that Social Security is a "monstrous lie" and a "Ponzi scheme." More and more people are coming to see that Social Security is a Ponzi scheme, but is it a lie, as well? Let's look at it.
Here's what the 1936 government pamphlet on Social Security said: "After the first 3 years -- that is to say, beginning in 1940 -- you will pay, and your employer will pay, 1.5 cents for each dollar you earn, up to $3,000 a year. ... Beginning in 1943, you will pay 2 cents, and so will your employer, for every dollar you earn for the next 3 years. ... And finally, beginning in 1949, twelve years from now, you and your employer will each pay 3 cents on each dollar you earn, up to $3,000 a year." Here's Congress' lying promise: "That is the most you will ever pay."
Another lie in the Social Security pamphlet is: "Beginning November 24, 1936, the United States government will set up a Social Security account for you. ...This is true! Social Security was full of lies from the git go and there is no "account for you." In fact, the Trust Fund has been robbed to support much government spending. I just thought of this. The many abortions which have happened in the U.S. is actually depleting the "ever increasing" work force to pay for benefits for us oldies now. HERE.

MineWeb:

Undervalued stocks and a dearth of bears at this year's Denver Gold Forum - Tim Wood
The Denver Gold Group's Executive Director, Tim Wood takes us through some of the major talking points at this year's forum and looks at why there are no bears in sight. Hear the Pod Cast HERE.

Miners bullish on silver; see price above $50/oz
Silver prices have more than doubled to roughly $40/oz in the past 12 months, and most executives expect prices to strongly rise within the year due to a worsening economic landscape. HERE.

Here is the Stockcharts Silver Graph:

Back to MineWeb:

Swiss right-wing party wants legal ban on SNB gold sales
The right-wing Swiss People's Party has put forward a proposal, dubbed "Save our Swiss Gold", aimed at preventing the country's central bank from selling its gold reserves. In the past, gold sales have generally cost the banks as they sold at lower than true market prices. Would this happen again? "Save our gold." That is a good slogan for all of us. HERE.

Gold to rise beyond $2,000/oz in 2012 - LBMA poll
In an anonymous poll at the conclusion of the LBMA's annual conference on Tuesday, gold investors and analysts reckon bullion will rise to $2,019 an ounce by November 2012. I don't see any real reason for that price not to be achieved by the end of 2011. I could be wrong on this. After all I have been wrong many times in the past, but I am planning on 2,000 gold going into the new year. HERE.

Gold steady ahead of US Fed policy decision
The metal held steady above $1,800 an ounce on Wednesday ahead of the outcome of the Federal Reserve policy meeting at which the U.S. central bank is expected to unveil plans to revive its economy. HERE.

Uncommon Wisdom:
Going for the Gold!

Kevin Kerr | September 21, 2011. Beware of the risk in options. Of course, you limit your risk through options to the exact amount of your cash investment in them. Find the video HERE.

MarketWatch:

Sept. 19, 2011, 11:54 a.m. EDT

Gold inclusion as Tier 1 asset would be huge: LBMA

MONTREAL -(MarketWatch)- The London Bullion Market Association is supporting the gold sector's push to have bullion included by the Basel Committee on Banking Supervision in its recommendations of high quality liquid assets commercial banks should hold, which, if successful, will be one of the most significant events for the industry in recent years, the LBMA chairman said Monday. Gold might officially be recognized as true money. HERE.

GATA:

As gold price suppression grows more brazen, maybe Asia will defeat it
The speaker following me, George Clooney, will be able to tell you what it's like to be handsome, talented, rich, and famous. I could tell you what it's like not to be. But instead the conference has asked me to talk about gold, which at least might make you rich, or help you preserve some of whatever you've got.
This opportunity is full of risk, because the gold market long has been manipulated by Western central banks to restrain the gold price. The Western central banks are slowly losing control of the market but they are not giving up easily.
Why do Western central banks manipulate the gold market? Check this out! HERE.

Miners from Scottrade:

Currencies from KitCo:

Some Prices: DOW off 48.82 to 11358.71; S&P of 6.13 to 1195.95; NASDAQ up 0.07 to 2590; Gold off 5.60 to 1799.20; Silver up 0.65 to 40.39. Both metals holding well at present.

Best to each, Doug

More Manipulation of Metals Prices - Gold & Silver Up - Miners Showing Strength - Dollar Holding Well in spite of fundamentals - Greece Still a Thorn in the Side - God Looks Down From Heaven at the Folly of Man.

2011-09-20T09:44:00.001-05:00

Psalm 2:

"Why do the heathen rage, and the people imagine a vain thing?
The kings of the earth set themselves, and the rulers take counsel together, against the LORD, and against his anointed, saying,
Let us break their bands asunder, and cast away their cords from us.
He that sitteth in the heavens shall laugh: the Lord shall have them in derision.
Then shall he speak unto them in his wrath, and vex them in his sore displeasure.
Yet have I set my king upon my holy hill of Zion.
I will declare the decree: the LORD hath said unto me, Thou art my Son; this day have I begotten thee.
Ask of me, and I shall give thee the heathen for thine inheritance, and the uttermost parts of the earth for thy possession.
Thou shalt break them with a rod of iron; thou shalt dash them in pieces like a potter's vessel.
Be wise now therefore, O ye kings: be instructed, ye judges of the earth.
Serve the LORD with fear, and rejoice with trembling.
Kiss the Son, lest he be angry, and ye perish from the way, when his wrath is kindled but a little. Blessed are all they that put their trust in him."

Man has been warned to many times. God warned the nation Israel so many times through His prophets, but now He warns us through the written word. We cannot say, "We did not know, so we are innocent!" All men know that God is an awesome fearful enemy, so many try to hide from Him. But where can a man or a nation hide from the all-seeing eye of God. As we go about doing our own thing, "He that sitteth in the heavens shall laugh" at our folly. But will eventually destroy the man or nation who turn their backs on Him. We are experiencing His call for repentance. Let us get on our knees, pray to Him, repent, and turn back to His way before it is too late for us as individuals, families, churches, and as a nation.

MineWeb:

Mining royalty companies say they can outperform gold prices-DGG Forum
Mining royalty companies suggest that they are outperforming other gold investments, making their biggest profits on the commodity cycles. Even the gold and silver ETFs are less volatile than the metals and miners. HERE.

Gold up on Italy downgrade
Prices of the yellow metal rose in early trade in London after Standard & Poors downgraded Italy's credit rating, adding further strain on the euro zone. Financial and other perceived problems and unrest almost always impact the prices of real money. HERE.

Eastern demand for gold still largely untapped - Holmes
In a wide ranging discussion with the WGC's Jason Toussaint, US Global's Frank Holmes gets an idea of just how much potential there is for gold demand from both central bank and retail investors in the east. Remember, the demand for gold in China and in much of the far East is relatively new or at least rapidly expanding. HERE.

Venezuela formalises gold industry nationalisation
President Hugo Chavez's government issued a decree on Monday that prohibits the export of the metal from the country and gives the state 55% of joint ventures. Sad, but I think true. HERE.

Dollar regaining some shine as gold loses lustre
As Europe's problems grow, traders say the much-maligned dollar and U.S. treasuries are benefitting from heightened fears with the yellow metal losing out somewhat as a result. The bear market for dollar is on temporary hold. The question is for how long? Last big run up lasted about nine months. Can this one match that? I doubt it. HERE.

CEOs bullish on gold price
If the heads of the world's major gold miners are to be believed, gold prices have nowhere to go but up with some even saying that conditions have never been better for the yellow metal. Of course, they should be. After all they have a vested interest in promoting the price of gold. HERE.

Iamgold shares up on promising drill results
The Canadian gold miner said drill results from exploration near its existing mines in Burkina Faso showed excellent promise" and it encountered significant mineralized intersections at its Koemboe project in Suriname. Good news for another one of my core holdings. HERE.

I believe the current correction in metals is a result of manipulation by the bullion banks. Be aware, it can continue as long as they want. Maybe they will go ahead and cover their shorts and take long positions before too long. After all, we are moving into the high general demand period for both silver and gold. Here are the latest graphs from KitCo:

TownHall

:
Thomas Sowell
The 'Ponzi' Sound Bite
Many in the media and in politics have gone ballistic over the fact that Texas Governor Rick Perry called Social Security "a Ponzi scheme."
Although many act shocked, shocked, as if Rick Perry had said something unthinkable, Governor Perry is not even among the first thousand people to call Social Security a Ponzi scheme. Not only conservatives, but even some liberals, have been calling Social Security a Ponzi scheme for decades. It is a Ponzi scheme and was from the first. HERE.

Chuck Norris
How Stimulus Monies Are Radiating You
Smart meters are being installed stealthily by water, gas and electric utility companies on houses and buildings across the country. Despite that, the majority of the public still doesn't know about their potential health risks.
From the moment smart meters began to be installed, a rash of serious health complaints in each community has followed -- to date, largely going unheeded by officials. These aren't hysteria or hype, but bona fide national health concerns about what is being emitted from smart meters and their cumulative effects on "electrosmog" in our homes. In short, electrosmog is pollution through electromagnetic energy. It is being produced by this vast post-Edison world, in which electromagnetic fields and flows have inundated the space around us. This could be a real health threat. HERE.

David Limbaugh
The Lecturer in Chief Has Forfeited His Moral Authority
As predictable and repetitive as Obama's economic speeches are, his capacity for audacity shows ever increasing signs of creativity. Do you suppose he has any ability to feel shame for what he's doing to this country and embarrassment for blaming everyone but himself? HERE.

Free Money Gold Report:

The Swiss National Bank Gives Up
September 19, 2011 – The Swiss National Bank finally gave up. For months it tried standing alone against all of the bad monetary policies being pursued by the ECB, the Federal Reserve, the Bank of England and indeed, nearly all of the central banks of the world, but it was a losing battle. So last week the Swiss National Bank succumbed to these pressures and pegged the Swiss franc to the euro. James Turk always is interesting and this has good graphs. HERE.

Miners from Scottrade:

Currencies from KitCo:

Some Prices: DOW up 43.44 to 11445; S&P up 5.99 to 1210.13; NASDAQ up 15.75 to 2628.99; Gold up 27.20 to 1805.70, and Silver up 0.44 to 40.09. Good to see Gold > 1800 and Silver > 40.

Best to each, Doug

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

2011-09-19T10:37:00.002-05:00

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