STOCKS fainted today. The Dow hit a high of 12,562.65 early in the day, & immediately started falling. It hit 12,560 and collapsed. Makes my 12,650 top forecast look better, but I'm not crowing yet. It could still reach 13,000 before the rally ends. However, today looked mighty sick. The Dow in Gold Dollars dropped below G$400 (19.35 oz) today and closed at G$398.97. Hear, O hear, before it is too late: swap stocks for silver & gold. Align your money with the primary trend.
The US DOLLAR INDEX rose today, above 85, but I think it will be dropping again. Anyway, it's worth noting (for all the gurus who are not looking) that gold and silver rose today in the teeth of a US Dollar rise. Silver and gold have decoupled from the dollar alone, and are now trading as independent currencies.
You ain't seen nothing yet.
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.
