The SILVER PRICE also handily rebounded from Friday's whuppin, and now 1310 has become the new floor. Silver must scrap all the way through to 1425, but big bar fights and broken bottles lurk at 1350 & 1380. Silver's tough. She'll make it.
GOLD/SILVER RATIO hasn't moved yet. If I have it right about silver & gold's direction, that ratio ought to begin to fall soon.
Last week the Dow climbed through 12,300, so stocks ought to have some sort of run here. How high? Maybe to the old high, maybe almost to the old high. Leaves me wondering how many of y'all know that during the 1920-1923 German hyperinflation that the German stock market rose 23 quadrillion percent? Wow, some performance, huh?
Only problem was, the Reichsmark fell to 1/1-trillionth of its 1914 gold value. Against gold the German stock market lost about 60%. As I was saying, Swap stocks for silver & gold.
The US DOLLAR INDEX may be making a species of bottom around 83.05. If it breaks that, it could fall to 80.50. If it holds, it could climb to 86.5. Odds stand with the lower price. Swap dollars, too.
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.