Gold Price Close Today : 940.00
Change: 4.20 or 0.4%
Silver Price Close Today : $13.607
Change: 18 cents or 1.4%
Gold Silver Ratio: 69.08
Change: -0.629 or -0.9%
Dow Industrial: 7,925.04
Change: 175.23 or 2.3%
US Dollar Index Today: 84.09
Change: 0.37 or 0.4%
The
GOLD PRICE rose $4.20 to US$940 and the
SILVER PRICEclimbed 18.3 cents to $13.607 cents. Most of this they gave back afterComex closed at 12:30 CST, ending the day (17:00 central time) at$935.50 and $13.52. I suspect big resistance as gold approaches $950and silver approaches $13.80 - $14.00. I expect significantly higherprices within 30 days. Only a break below $920 in gold would changethat outlook. Once gold breaks through US$1,000, both metals will risevery rapidly. Keep on buying silver and gold. Urgently.
What's going on? The platinum price rose $11 today and the palladium price rose ten dollars. Wow.
Todaythe US DOLLAR INDEX rose 35 basis points to 84.087, but the chart looksawful. Now it is consolidating, but surely more down-side lieth in thefuture. Add to that the feckless and foolish comedy team, Ben andTimmy, who can't open their mouths for the foot hovering nearby. Greatconfidence builders.
STOCKS rose again, Dow up 175.23 to7,925.04; S&P closed up 18.98 at 823.86. Sell on a scale-up, orsell big chunks beginning at 9,000. Rally may last through May. Folks,this is the LAST last train out. Catch it or live where you are for thenext 25 years.
From 28 June 1914 until 28 July, the worldheld its breath hoping that Austria would not declare war on Serbiaover the assassination of Austrian Archduke Ferdinand. By 1 August, allEurope had been drawn in. World War I would slaughter millions, and inthe end destroy the empires -- Russian, German, Russian, and Ottoman --that had helped start it. Not even the winners -- France, Britain, andthe US -- won anything. Worse, communism was spawned.
Todaythe sun is beaming, spring grass makes the air fragrant, I can see thespring lambs from where I sit. Yet I look at markets, I see premiumsrising on silver, gold coins disappearing, hear of seed shortages, gunsand ammunition disappearing from stores, and a shadow passes overmaking me wonder if we're not in that same still month in 1914.
Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.
- Franklin Sanders, The Moneychanger
The-MoneyChanger.com
Toavoid confusion, please remember that the comments above have a veryshort time horizon. Always invest with the primary trend. Gold'sprimary trend is up, targeting at least $3,130.00; silver's primary isup targeting 16:1 gold/silver ratio or $195.66; stocks' primary trendis down, targeting Dow under 2,900 and worth only one ounce of gold;US$ or US$-denominated assets, primary trend down; real estate in abubble, primary trend way down.