Alexandria Minerals Corp ALXDF

- Franklin Sanders, The Moneychanger

[nelson11]

Silver and GOLD PRICES flatlined. The gold price lost 20 cents to $1,096.30 on Comex; SILVER gave back 3.7 cents to $14.631.

Good evenin', Mushrooms! It's gold and silver futures options expiry today, so you could expect that metals weren't going anywhere. No, they had to be kept down just one day so those barely out of the money options would expire worthless. They use the same playbook every month. I'm glad that's behind us.

Ranges were very tight, $14.68 - $14.51 for silver and $1,098.20 to $1,090.70 for GOLD PRICE. I can't promise y'all metals will rise tomorrow, but that's what I expect. Same rules apply: the price of gold must not close below $1,090 nor silver below $14.40. Upside the gold price must o'erleap $1,140 and silver $15.50 to prove they have any muscle left.

Dow Industrials rose 189.68 (1.09%) today to 17,630.27. S&P500 also rose, 25.61 (1.24%) to 2,093.24.

I ain't impressed. In five days it lost 660.99. It'll take more than a single day gaining 189.68 to fix that.

Likewise the US dollar index rose 26 basis points to 96.86. So what? Remains below its 20 day moving average.

Delays in physical silver deliveries on one ounce rounds and now even 100 oz bars have stretched out to three weeks. US 90% premium has risen to $3.30 over spot at wholesale. Now gold coins have caught the infection with rising prices and delayed deliveries. What do y'all reckon that means?

The door into silver and gold is an exceedingly low and narrow passage. When too many people rush it all at once, some don't get through. Y'all bear that in mind.

Aurum et argentum comparenda sunt -- -- Gold and silver must be bought.