Gold and Silver to Rally then Test Recent Lows

Both GOLD & SILVER PRICES backed off their highs this week, but remain well above their 200 day moving averages. I am still expecting this rally to reach 618-620 and 1185 - 1220, then fall back to test the lows already made. Then the lows will be confirmed, or new lows (by a small amount) put into place. At that point you ought to buy everything you can, sell your dog, and buy some more.

If you have not that patience, or fear that silver & gold will not do that but break out upside, then go ahead and buy. In view of the upside targets, it won't make much difference.

Ears up! The US Dollar closed today at 86, where it has failed over and over. Perhaps a breakout this way comes? Monday will tell. Monday will probably bring higher prices for silver & gold, too.


Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.

- Franklin Sanders, The Moneychanger

"Buy Silver and Gold Coins at the Best Prices"
http://The-Moneychanger.com

To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $1,250.00; silver's primary is up targeting 16:1 gold/silver ratio or $78.13; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate in a bubble, primary trend way down.