Verse 7
In view of this delight, David purposed to bless or praise the Lord. This is the first of many references to blessing or praising the Lord in the Book of Psalms. To bless God means to speak well of Him and thus to praise Him.
God had counseled David through His Word. David received counsel from God through the previously written books of the Old Testament, through other prophets such as Nathan and Gad, and through personal revelations. David himself was a prophet as well as a king. It is probably to these personal words from the Lord that David referred in the second part of this verse.
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