The SILVER PRICE reflected the metal's confusion, closing slightly higher today while gold dropped. If silver drops from here, 1230 or so ought to hold. Expect the next 3 - 5 days to be spent in this reaction, and then the rally.
As I was saying, y'all, once the DOW falls through 12,540 support, it will fall a long ways. Today it happened. Now I don't believe the Dow has topped just yet, but today's fainting spell whispereth, "The end is near." In spite of gold's little drop today, the DOW IN GOLD DOLLARS dropped to G$407.27 (19.70 oz), clearly showing stocks weaker than gold, in perfect harmony with the primary trend. Once again, this underscores my point that you ought to **** ****** *** ****** *** ****. (Y'all fill in the blanks.) Here are more details: The Dow should fall to 12,360 - 12,337. Then it should make one more push up, the last one. My target for that is 12,650, but it might push all the way to 13,000. None of this will change my opinion that you should SELL STOCKS FOR SILVER AND GOLD because silver & gold are in primary bull markets and stocks are not.
The US DOLLAR INDEX seems to have completed its correction since it climbed back above 85 today. Watch it. A rise to 86 still lurketh in the cards.
Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.
- Franklin Sanders, The Moneychanger
"Buy Silver and Gold Coins at the Best Prices"
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.