The US DOLLAR INDEX has fallen below 85 again. My, my, it's having a tough time holding on. From the chart it ought to rally more, but simply refuses to take off. Poor buck.
Weird picture in STOCKS. Look at the last 5 days' Dow on a daily chart and it drops from a peak at 12,620 down to 12,430, then up to a pair of double peaks at 12,540 posted yesterday and today. Looks just like the Dow Transportslately, with those two equal lower peaks after a higher peak. Looks weak to me, failing twice at the same place. 12,430 is the place where the next failure will occur, while 12,540 is the mark to beat on the upside.
The DOW in Gold Dollars can't rally. It is screaming at us that gold will be beating stocks for some time to come.
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.
