Thoughts on Markets

Thursday, October 27, 2011

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!

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





























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