Tuesday, March 13, 2007

Silver and Gold Look For Lower Prices Tomorrow

Seems pretty clear from today's trading & the lower prices in the aftermarket that SILVER and GOLD look for lower prices tomorrow. If the gold price doesn't stop at 643.60, the last low, then it will drop quickly to 636, or even to the 200 Day Moving Average (DMA) at 622. The silver price has support at 1250 and the 200 DMA, 1226.

Eeek! Eeek! Silver & gold are falling! So? Every market goes up and down, zigs & zags, advances & corrects. Nothing I have seen so far in this silver & gold price correction leads me to believe it is anything other than a normal correction.

Also let me warn you that my "targets" are merely targets. The market might hit those, and might not. You pick a price you can be satisfied with, & buy there. This week is your chance. Watch closely.

Five days were needed for the Dow to climb from 12,063.63 to 12,318.62 -- rough the way & dark the night. But in one day alone the Dow lost 242.66 points and slid down to 12,075.96 today. This level just above 12,000 is the breaking point. If the Nice Government Men on the Pluge Protection Team (Masters ooof theeeee Yoooo-ni-verse! Hear the super-hero music in the background?) cannot staunch the bleeding at 12,000 tomorrow, then it will rise up to the horse's bridles and wash through the streets. No matter today or tomorrow, the blood will flow. Swap stocks for silver & gold -- quickly.

The DOW IN GOLD DOLLARS has now twice failed to clear G$390 (18.87 oz) and resumed its downward flight today.

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.