The SILVER PRICE cleared 1345 at last, and even outperformed Gold today (the Gold/Silver Ratio fell), but stands in quite a different case to gold's. Where gold needs only clear this one last hurdle to attack its May 2006 high (720), silver has several hurdles. First is 1380, then 1400 - 1425, then the February high at 1469. The May 2006 high close was 1486.50. To my eyes silver made a V bottom on Monday, & has plenty of strength to keep moving up.
STOCKS rested today, but fell toward 12,500 twice and recovered both times. That firms up support there, and stocks will move higher. Yet higher or lower, holding them will only leave investors poorer. Swap stocks for silver & gold.
That blasted US dollar confounded me again, and dropped back under 83. Perhaps this is just a touchback? See what happens to people who trust the dollar?
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.