Wednesday, March 28, 2007

1350 and 667 Resistance For Silver & Gold

Turned out that the SILVER & GOLD PRICE strength in last night's aftermarket transmogrified into strength today, too. Obviously, both metals are struggling with tough resistance, 1340 - 1350 and 667. RSI & MACD still offer plenty of room to extend the rally, & breakout above 1350 & 667 should attract followers.

Bull markets always climb a wall of worry. That's what y'all are seeing now. One day everyone will ask himself, "Was I crazy? Why didn't I buy it then?"

The DOW IN GOLD DOLLARS today slipped down toward G$380 (18.38 oz) & away from the 200 day moving average, like a shipwreck victim slowly running out of energy. When the DiG$ falls below G$369 (17.85 oz) it will quickly begin falling toward G$330 (15.96 oz).

Does it seem odd, even alarming to you that STOCKS cannot hold onto their gains? There's a big day, big fluff amongst the stock gurus (read: those who make their living from stocks) then stocks balk, stall, & within a few days give back their gains. Chir'ren, this is not a market in a primary uptrend, but a stalling market getting ready to roll over & turn down. Notice that today the Dow couldn't hold above 12,300, weighty support now become resistance. How many ways can I say it? Aktien gegen Silber & Gold austauschen! Swap stocks for silver & gold!

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.