Tuesday, March 27, 2007

Most Likely We'll See Higher Metals Prices This Week

Today's GOLD PRICE high was 665.40, and in the past 4 trading days it has been turned back twice at that level (667 resistance). Gold looked poorly into the close, but came back $2.60 in the aftermarket. What's going on? I don't know, but the strength looks very good. I was thinking that gold would have to back off for another run at 667, but maybe tomorrow will be an up day. Somebody thinks so, or the price wouldn't be rising in the aftermarket.

The SILVER PRICE, too, had a rough day, down 13 cents to close at a cliffhanging 1321. Then in the aftermarket it's up a lot at 1333 cents. Often a price change in the aftermarket means nothing, but this looks right vigorous.

STOCKS looked flabby today, although that doesn't say they won't go higher. I don't want to own them anyway. Swap stocks for silver & gold.

The US DOLLAR INDEX closed below 83 again today, but higher than the last time. Will it go lower tomorrow? The trend flows that way.

It was a lazy day talking out of both sides of its mouth. Most likely we'll see higher metals prices this week.

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.