"Repentance and forgiveness are the two great gifts of God. But there is the third and greatest gift of all, which is thankfulness. For with thankfulness our sinful pride is vanquished, our hearts are opened, and love enters — and a light comes into our life."
Jesse, Love and Thankfulness, 15 November 2018
"Today I am taking the same stand regarding the gold bull market. The gold bull market will not end with a fizzle and a whimper. It will end with intense speculation and widespread interest from the funds and the public. We haven't seen that kind of activity yet, but I'm convinced that a period of wild speculation in gold lies somewhere ahead.
This is why I continue to beg my subscribers to load up with gold. As I see it, we are nearing a period of intense speculation that will be beyond anything seen before by the last three generations of Americans. Ironically, more money made in the final explosion in gold than was made during the first two phases combined.
Great bull market are seen maybe once or twice in a lifetime. The current "stealth" gold bull market has sneaked up on most Americans. The very phrase, "gold bull market" is sneered at by most analysts today. In fact, most of the comments on gold today come in the form of warnings; "Gold is too high." "Gold is in a bubble." "Gold will sink back below 1000." "Gold is a fool's play."
Nonsense. Gold is moving ever-closer to it's climactic speculative third phase. The negative comments about gold will only serve to make the gold bull market that much stronger. In this business, there is nothing more powerful than a primary bull market that has been denigrated, spat at, and held back for years.
And that's the end of my "lecture" about the fabulous gold bull market…"
"...the world will soon wake up to the reality that everyone is broke and can collect nothing from the bankrupt, who are owed unlimited amounts by the insolvent, who are attempting to make late payment on a bank holiday in the wrong country, with an unacceptable currency, against defaulted collateral, of which nobody is sure who holds title."
John Travolta ................ Bill Dudley, Governor, NY Fed
Eric Stoltz ..................... Ben S. Bernanke
Uma Thurman ................TBTF Wall Street Bank
Rosanna Arquette ............Timmy
If US based readers have spare time and four dollars it might be worth the effort to read this book. Its a fun read for the gold bugs, and is what I used to call 'airplane and waiting room' reading. Not strenuous but a good divert and an engaging story. Not to give it away, but I thought his gambit with the bags of silver coins was clever but somewhat implausible.
If you are up for something more intellectually engaged and you can find them read When Money Dies by Adam Fergusson and Debt and Delusion by Peter Warburton.
I was in Moscow doing business when the rouble was dying after the collapse of the Soviet Empire. It made a lasting impression especially to see how the common person was reacting to it, each in their own way. A true vignette of human nature.
As a reminder today is stock option expiration in the States.
Precious metals options expiration for November will be next week.
The US 2010 elections will be held on the first Tuesday in November which is the 2nd.
The Federal Reserve will be meeting on Wednesday 3 November, and is widely expected to be announcing a new quantitative easing program, particularly after the preface which Mr. Bernanke delivered today.
As an aside October 2010 is unusual in that it contains five full weekends, a welcome rest before the great events to come.
This is among my favorite times of the year, as the heat of summer gives way to the pleasant warm days and cool nights of autumn, and expectations of the harvest holidays and family gatherings rise, culminating in Christmas week and the beginning of a new year. The cycle of nature cares little for the comings and goings of men.
And finally, an interesting graph showing the percentage of gold as an investment in global portfolios.
Let us pray for those whose hearts are hardened against His grace and loving kindness by greed, fear, and pride, and the seductive illusion and crushing isolation of evil.
We pray that we all may experience the three great gifts of our Lord's suffering and triumph: repentance, forgiveness, and thankfulness. And in so doing, may we obtain abundant life, and with it the peace that surpasses all understanding.
It is available for your use at no cost, but with attribution and a link to the original posting.
I make every attempt to respect the rights of others. If you feel that something here has infringed your work please let me know and I will correct it immediately. It is not always easy to determine the status of material posted to the Internet with regard to fair use and public domain.
