Silver Price Should Challenge 1380 & Gold Price 666 Again This Week - The Last Barriers to a Runaway Rally

Today the SILVER PRICE performed as requested, and closed well above 1350 at 1363. The GOLD PRICE followed suit with a close above 650 at 653.60. This is a nailbiter, but markets usually try two or three times to break through strong resistance (or support, when they're falling). But the more times it tries, the greater the likelihood the resistance will crack. The silver price should challenge 1380 & the gold price 666 again this week -- the last barriers to a runaway rally. I would still buy this breakout, unless you want to pay more later.

The US DOLLAR INDEX hit 85.18 early today, then fell the rest of the day. I can't figure it out. There's some BIG seller at 85 - 85.20. Or maybe the Nice Government Men don't want the dollar to climb? But why? I thought it looked ready to challenge 86.50 again, but today's flop calls that into question.

Here we go again. The Dow nearly makes a new high but the Dow in Gold Dollars fell again today. It stands below its 50 & 17 day moving averages, and only about G$12.00 (about half an ounce) above its 200 DMA. The chart shows a series of 3 loser highs. Any close below G$390 (18.86 oz) or the 200 DMA will make a breakdown. Get out of stocks before they get you.

Swap stocks for silver & gold. I get peppered continually for panning stocks, so I looked at the charts harder today for encouragement, but couldn't find it. Yes, an uptrend is in force that keeps edging up pennies a day, but how aged it looks. I think holding 11,200 is the key. A big break is due here soon, even if it does not mark the top.


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.