Buy Gold and Silver How to Buy Gold How to Buy Silver Gold Commentary

Monday, October 30, 2006

Gold Burst Through the US$600 Barrier Today

The GOLD PRICE burst through the US$600 barrier today but stopped short of 610. This honey's headed higher, at least to 618-620.

The SILVER PRICE did not confirm gold's breakout above resistance, but was turned back by 1223. Will probably break thru 1225 tomorrow, but stiff resistance rules through 1250, so progress will be slow.

DOW IN GOLD DOLLARS (Dow measured by gold) has once aghain been turned back in defeat from the $425-435 level. Dow still not very strong against gold (or silver).

US $ Index fiddled today, no resolution. A slip through 85.50 takes the dollar down.

Dow has the look of having turned down. Action Friday & Monday look like impulse wave dowm, but what do I know? I'm a stock bear, yet I know one thing: One day we will wake up and say, "Yesterday was the last day to swap stocks for silver & gold."

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.