The Dow in gold dollars rose to G$411.69 (19.92 oz), close to the G$415 - G$417 resistance area. A break through that carries it to G$425 (20.56 oz) or even G$433 (20.95 oz.). Lo, what meaneth this tumult? Not much. Long term primary bull (up) trend for silver and gold is firmly intact & long term primary bear (down) trend for stocks. This is your chance to buy silver and gold on the cheap. If y'all miss it, don't say I didn't warn y'all.
Whoo-ey! The Dow Jones Industrial Average gapped up on Tuesday, strong as a garlic milkshake. This will continue until it ends, but 'twill continue without me. November & December are usually good months for stocks, so we can expect this to keep churning into next year and pile up 500 or more points. Great ride, but I'd rather swap stocks for silver & gold, because heartbreak doesn't await us there. Or maybe I should say "bankbreak."
Nice Government Men in the Treasury are helping out their buddies in the Federal Reserve (a private corporation) by pumping up the money supply with "repos" (repurchase agreements). One suspects (if one has a high enough IQ to open a box of cereal) that the Fed ceased publishing M3 data because they wanted to mask their planned inflation. Now the Treasury is pumping up the money supply in a sneaky way that doesn't show up in the published statistics. How does that make you feel?
Confident about the dollar's future? Sounds a bit Bolivian to me, or perhaps Paraguayan.
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.
