Posts Tagged ‘Gold & Silver’

Remember this Chart . . . ?

pic_meltdown

It was from Feb 10 2009.  (Click on chart above to read the original article)

OK Now we are here: Lowest since Spring of 1997
Well after this is went up to only close 100 points down

Chart #2

Now that the weekend is over and the pundits said that the market was going UP

Chart #3

 And FINALLY at the close of the day…

Chart #4

4 days later………

pic_chart5

And now that the week end is over and a new day begins…. Will it recover or will it continue to CRASH.. I mean slide… They keep saying we are in the worst RECESSION in 70 years… The reality is, we were not in a RECESSION 70 some years ago, we were in the GREAT DEPRESSION.

Chart #6

I went to lunch and came back to see this….1:55 PM

Chart #7

AND finally at the end of the day….

Chart #8

WHATS NEXT I WONDER

Chart #9

More of the same…. Or a recovery? Well Yesterday was the recovery….UP 140 points…. But then the next day the stimulus was over….

Chart #10

And just a few minutes later at 1:00pm

Chart #11

Finally at the end of the day…

Chart #12

And once again on the 6th of March at 2:33 Pm…

Chart #13

Peter Shiff, Irwin’s son, has said that he is looking for the DOW and GOLD to criss-cross, that is that the Dow Jones Industrial Average will eventually be the same price as Gold and possibly less. ONE ounce of GOLD being- the same as what ever the DOW is, sounded ludicrous at one time and the DOW was 30 times higher than the price of GOLD but now that it is less than 8 times the price with GOLD hitting 1000 and the DOW at less that 7500 Peter is looking pretty bright.

Larry Heim has long predicted GOLD at $3,400.00 per ounce and he was doing so when Gold was only 300. He is and has been predicting SILVER to go to $208.

Last night my wife looked over my shoulder to the computer screen and saw the Price of Gold was down and asked why, I said it was just the over seas markets but watch when New York opens. Wee Gold shot up to 1000 even. The DOW was not open yet but the Asian markets and the European markets were way down, and there was not ONE bit of good news.

Those that had predicted Unemployment to be at about 6% max are staring blankly at 7.6 ( it is most likely really at a REAL unemployment rate of about 14%) Those who I work out with at the gym who are “big traders” all look like they want to hang themselves and they don’t talk to me anymore. Even as I type this right now the DOW is in a free fall with headlines like Stocks Drop Worldwide on Recession Concern, Earnings; Lowe’s Shares Slide” and “J.C. Penney Co., the third-largest U.S. department-store chain, forecast its first quarterly loss in almost five years”..

This is very serious this is global and is the kind of stuff empires are made of on the ashes of chaos.
Latvian Government Resigns as Recession Deepens
Mexico Bond Risk Tops Brazil for 1st Time Since 2001
Brazil’s Jobless Rate Jumps the Most in Seven Years
Russian Spenders Guard Money as Crisis Evokes Memories of 1998 `Nightmare
Fear Rules Asian Investors; Korea Hammered,Vivian Wai-yin Kwok, 02.20.09, 08:20 AM ESTJapan’s Topix index declined to 25-year low,.

What is the Obama-nomic solution? Create jobs that produce NOTHING? Jobs that produce jobs and production are needed not JOBS that create a debt with nothing to sell to pay for the debt. Borrowing money to give away things is nothing but a ponzie move without the addition of greed. At least with a Ponzie you have people THINKING they are investing, with this Obama-nomics everyone KNOWS that nothing is being invested toward production. once the bridge is built it will only need more maintenance and will produce nothing in and of it’s self to increase wealth.
The great nationalization is underway in the banking industries around the world, they in turn will help “finance” the governments that own them to further nationalize other industries.

The Bible has long predicted an economic nightmare where the average man would work all day and only be given enough to buy bread, and nothing else to eat it with.

Revelation 6:6 And I heard a voice in the midst of the four beasts say, A measure of wheat for a penny, and three measures of barley for a penny; and see thou hurt not the oil and the wine.

John Gill commented on this passage back in the late 1600s 

this phrase expresses such a scarcity, as that a man’s daily wages would be but just enough to buy himself bread, without any thing to eat with it; and when he would have nothing left for clothes, and other things, nor anything for his wife and children:

and see that thou hurt not the oil and wine; signifying that this scarcity should fall not upon the superfluities, such as oil and wine, which may be spared, and men can live without; but upon the necessities of life, particularly bread:

 

Stupid preachers think they know everything!

In Christ
The preacher

Rhodium has fallen 90% from over 10,000 per ounce to 950 and now it is at about 1050. 80% of Rhodium is used in catalytic converters. Catalytic converters are used in cars primarily.. Car production and sales have fallen through the floor. Supply and demand.

Platinum: In the last year platinum has fallen from around 24oo to about 775 and is now back up to about 1080. Platinum and Gold were about the same price for a little while. Platinum is used in car exhaust pollution controls too….But while rhodium is used in cars and only as a coating in jewelry Platinum is used in medical equipment and is also sold as coins, jewelry and has various other uses. It dropped.. but did not die.

Gold and Silver are known as a store of value, wealth and are not dependent on any “industry” for survival. Jewelry, bank hoards, investments, coinage, collections, and 6000 years of religious and political reliability are not going to go away. Wars have not been fought all across the globe to acquire rhodium or platinum. No nation has ever made Platinum or Rhodium or iridium a “reserve” against melt-down. No one has ever walked into a store anywhere on the globe and bought much with rhodium or platinum and bought a sandwich or a coffee. (excluding nut cases and possibly on a rare occasion a miner in a local community where the mine is). Silver dollars. 20 Dollar Gold, and British Sovereigns, and after all they are not called Pound Rhodiums.

Gen 13:2 And Abram was very rich in cattle, in silver, and in gold. Not much said about Platinum or Rhodium.
Even at the very creation God makes sure we know about the layout of the land in the Garden of Eden :Gen 2:11 The name of the first(river) is Pison: that is it which compasseth the whole land of Havilah, where there is gold;
Gen 2:12 And the gold of that land is good: there is bdellium and the onyx stone.

Even in the future and the description of the New heavens and earth and the New Jerusalem God makes no mention of Platinum..
Rev 21:1 And I saw a new heaven and a new earth: for the first heaven and the first earth were passed away; and there was no more sea.
Rev 21:2 And I John saw the holy city, new Jerusalem, coming down from God out of heaven, prepared as a bride adorned for her husband. …Rev 21:10 And he carried me away in the spirit to a great and high mountain, and shewed me that great city, the holy Jerusalem, descending out of heaven from God,….Rev 21:15 And he that talked with me had a golden reed to measure the city, and the gates thereof, and the wall thereof….Rev 21:17 And he measured the wall thereof, an hundred and forty and four cubits, according to the measure of a man, that is, of the angel.
Rev 21:18 And the building of the wall of it was of jasper: and the city was pure gold, like unto clear glass…Rev 21:21 And the twelve gates were twelve pearls; every several gate was of one pearl: and the street of the city was pure gold, as it were transparent glass.

So from Creation to Creation, without cars or “investors” futures markets or Wall-Street Gold has sttod the test of time and has the approval of God himself, He even uses it in the construction of the Walls and Streets of the City of God.
Jesus said. ” I go to prepare are place for you that where I am there ye may be also…” To the best of our understanding He is not using platinum or Rhodium and as long as man has been here he has always tried to imitate God even if he has done it for wicked gain and purposes. Do you think that MAN will abandon Gold as a store of welath, a sign of Power and even in some cases as a form of of worship just because the big three auto makers are having a bit of a hard time?
IN Christ
The preacher

With the economic stimulus package ready to be signed into law and 787 BILLION dollars about to be flushed down the toilet:
The DOW is down over 3.5% into the 7500 range.
OIL who all the economic drools thought was somehow tied to Gold drops below 36 dollars a barrel.
GOLD is up over $969 and Silver passes $14.10.

The reason…Real money becomes valuable when too much Fake money shows up.

With governments around the world dumping TRILLIONS of units of their unbacked paper credit and “monies” on the world economy they are creating INFLATION in regard to REAL MONEY.

THINGS that are made may very well fall into depressionary value but GOLD and to a lesser degree SILVER, will not. Supply and demand on the individual level affects cars and boats and trinkets, but when it comes to GOLD and SILVER as a store of value and as wealth that can not grow old or be destroyed there will always be more demand than supply, especially in bad times. The BIG money people, governments and banks all know they can print money and make the masses happy for a time. Day to day paycheck people and hand to mouth living needs the paper money world and the paper money world knows it. They just increase their check week to week so that inflation is manageable for a time, but not forever. Eventually unemployment skyrockets, the price of some goods and services skyrockets while the value of homes and other long term things plummet. Once hyperinflation starts there is very little that can be done about it that is civil or polite and this increases the need to raise taxes on the properties to maintain the welfare state or the military establishment that is going to be used to ‘quell” the masses. Eventually chaos. Folks lose their homes either through taxes or through foreclosure and a dictator arises or a revolution changes everything.

Milton Friedman, when dealing with Icelandic economists back 20 some years ago was told by them that their inflationary economies were sustainable and that their high welfare states that produced their inflationary economies were examples of just how their systems were working well, Milton pointed out to them that because of their homogeneous population that they might very well be able to maintain their standard of living, but that their economies would one day crash in on themselves. Well have you read about Iceland? How about the Soviet Union? Or any other highly socialistic welfare government money state?

Well folks we are them now. An economy can not live forever with no store of value behind its monetary policy. Our founding fathers knew this and established a SILVER and GOLD bi-metal standard for this country.

IT IS THE LAW.

“No state shall make anything but GOLD and SILVER coin a payment of debts”. Article 1 Section 2 Clause 10 US CONSTITUTION

Debts in America, like the rest of the world are being MONETIZED. For years they have been taking a hole and turning it into a mountain, but with out filling it with anything. This insanity has led nation after nation for century after century into the same condition : NON-EXISTANCE, and if we do not change the direction we are going America will be next.

pic_meltdownSure Sure. Obama-nomics is going to work.While the President was telling everyone about his PLAN to take care of the economy and the Senate was passing a 800+ billion FRN plan and Barny Franks was talking to Bernanke of the fed and Geithner of the treasury department was in a speech saying NOTHING followed in an interview on CNBC on the TV saying even less than he did in the speech. Those who do know a little bit about money knew enough to know that these guys do not know anything at best and if they do, they are deliberatly trying to tank the economy. Who knows what will happen tomorrow but looking at Gold at 919 and ounce and Silver at 13.16 while the DOLLAR is gaining and oil is dropping is just an amazing mix that to me is a sign that we are in fact nearing a bond market implosion, a continuing housing meltdown, unemployment that will stagger the imagination and to settle the problems a massive buildup in military ventures and civil service work camps. Obamula will suck this country dry for his NWO masters. The mounting interest in “states rights” news and the very real threat by several states to leave the union are only tremmors. Profit takers tomorrow? Does it matter? Buy Gold, Silver, Ammo, a Gun or 2 or 3 or4 and FOOD. Make friends and trust only the trustworthy. Those who seek to sow discord among brethren mark and avoid this is no time for gendering strife.

The pundents that always looked for some OIL Gold connection are at a loss. According to their theory on Gold up Oil Up etc. Gold should be about 250 per pounce right now. But it isn’t. the Stock market measured by the DOW is under 8000 again and every one is simply in a flight to something real. REAL Gold, not the paper stuff on the Internet is like Ammo, Some will quote it low, but it seems they have none to deliver. Fact is regardless of the so called spot price GOD and SILVER and Platinum have unhinged themselves from the Energy market as well as the COMEX. At least where IN HAND GOLD is considered. Instead of a fifty cent mark up on Silver we are talking over a dollar and a half and GOLD is no longer easily available for 50 dollars over spot but is instead holding a premium of over 100 or more. ( if you can get it).

Ammunition is the same. Folks are telling you they can get it for you are pone price, but then they are out of stock, will not take an advance payment, and himm and haw when you want actual delivery. They are afraid if they sell it to you at one price they will not be able to restock at any price.

GUNS.. Especially AK-47’s or AR-15’s and other such tools are coming in short supply and the fact is they are almost two time the price they were before the messiah was elected to be our new ruler. Have you noticed that almost all the WAL-MArts are not selling them any more? And the Ammunition supply at the Local Wally world is almost non existent!

The economy is in a tale spin. Unemployment is through the roof and the local and national political drools have no idea why? or are they orchestrating the problem so they can buy up and clean up later in a vast power grab?

OIL hit a new high. I wrote last night in my little book OIL at 144.70, only to wake this morning and and see 145.51.

Veronica Brown over on the Forbes Website meanwhile stated in her artical about the EU bankers meeting “LONDON, July 3 (Reuters) – The euro hit a two-month high against a broadly struggling dollar on Thursday, with sentiment dominated by a widely anticipated European Central Bank rate decision and key U.S. employment data.

The single currency, hovering near $1.59, is poised for an assault on April’s record high of $1.6018 if events swing in its favour.

The ECB is widely expected to raise euro area borrowing costs to 4.25 percent, with policymakers having flagged their intensions, putting its post-decision news conference firmly in the spotlight.”

OIL up GOLD UP SILVER UP INFLATION WAY UP. DOLLAR DOWN