Gold Closed Down and Silver Closed Up - Points Towards Weakness

The GOLD PRICE today fell 1.60 while the SILVER PRICE rose 11.5 cents. One closes up, one closes down -- this bewilderment points toward weakness as the market can't make up its mind which way to move. Notice that neither metal crossed any crucial boundaries, but left us still in unresolved suspension. I guess this indecision will resolve in a downward spike, over by the end of this week. Simultaneous closes above 1325 & 667 would kill that interpretation & restart the rally.

The US DOLLAR INDEX today proved its weakness by failing once again to pierce 84.25. It fell below 83 once more. Flee the dollar & all dollar- denominated assets while you still can.


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.