Buying silver & gold here could turn out to be a fabulous choice, or a lousy one.
STOCKS (as represented by the Dow) rallied along all day, with ne'er a hiccup. Looks like the Plunge Protection Team's invisible hand. Tomorrow it runs into resistance at 12,250. I expect the rally to continue.
The DOW IN GOLD DOLLARS went nowhere today, unable to climb & pull away from the 200 day moving average. Expect more downside. Your last warning has sounded. The gates are closing. Swap stocks for silver & gold.
The US DOLLAR INDEX remains ambiguous as ever, above 84 but just barely, down 10 basis points on the day. Sorry, it's just not saying anything I can hear, except, "Lack-luster . . . Lack-luster . . . Squawk! Lack-luster."
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.