Happy Easter

Happy Easter! Let us all remember that our risen Savior is the greatest gift to all mankind.

Since I've been covering the volatile week in the market all week, today's post will be rather short. To recap the positions of the key variables I usually track, gold and silver both experienced a sharp decline the latter part of the week. Gold closed on Thursday due to the Good Friday holiday at $910.90 per ounce, down from $1003.30 last week. Silver closed at $16.81, down from $20.72. As mentioned in yesterday's post, the decline will very likely be short lived. If you are interested in buying more precious metals, now is the best time.

Gold and silver were not the only commodities that experienced a sharp sell off. Virtually all commodities slid sharply during the shortened week as profit taking before the holiday weekend seemed to be the traders' prerogative. Oil slid down to $101.44 per barrel. The US dollar index recovered from its record low last week rising slightly to 72.80 from 71.65.

The dollar's "strength" is still very weak against the other major currencies. The three quarters percent drop in the federal funds rate by the Federal Reserve, the increase monies freed up for the Bear Stearns bailout, and increased funds provided in buying blocks of distressed assets in the mortgage industry has again temporarily propped up the dollar. But these effects won't last long. Don't be tempted to think that the dollar will regain its strength as the premier currency in the world.

Just as Christ rose from the dead, we also have hope for the future if we acknowledge that the manipulators are not in control of us. They also have a higher authority to answer to. Peace be unto you! Happy Easter!

The angel said to the women, "Do not be afraid, for I know that you are looking for Jesus, who was crucified. He is not here; he has risen, just as he said. Come and see the place where he lay. Then go quickly and tell his disciples: 'He has risen from the dead and is going ahead of you into Galilee. There you will see him.' Now I have told you." Matthew 28:5-7 (NIV)

If you have comments or questions, please feel free to contact me at the address below.
Email: DeltaInspire@panama-vo.com