Tuesday, April 10, 2007

If Silver Stays Above 1380 and Gold Above 667 They Ought To Keep Rising

GOLD & SILVER rose well the past two days, but for reasons I can't identify, they're leaving me a little nervous. Discount on US 90% silver coin bags increased by 5 cents an ounce today. I would genuinely be relieved to see silver climb well over 1400 cents tomorrow & gold to climb over 686.50.

There I go again, worrying about a bull market. I ought rather be thinking that gold and silver broke out of chart formations, touched back, & have now begun rising again. Long as silver stays above 1380 and gold above 667 they ought to keep rising.

Here's a little surprise for y'all. I know y'all love these little tiny gold coins. I managed to find 130 only Mexican 2.5 pesos (contains 0.0603 troy oz.) at US $43.15 each and 21 only Mexican 2 pesos (0.0482 troy oz.) at $34.60. First come, first served, minimum order ten (10) coins, postage not included.
Call (888) 218-9226.

That Dow slopped all around today with a low at 12,549. It held there, but needed two tries to do it. Managed to close a leetle bit higher, but not masterfully. Apprenticefully. Y'all have pity on yourselves and swap stocks for silver & gold. Stocks probably going higher.

I pity anybody who tries to play the US DOLLAR INDEX. Yesterday it appeared to have bottomed & turned up at 83.106, then today is trading at 82.698, which I believe is lower than any close last week. Nice Government Men must be having fun, reeling in the suckers. I'm out. I can't parse it. Reason says it is headed lower. Matters not to the prudent. Dollar is a dead duck long term, and you ought to shuck them like a fall white oak shucks leaves in a hurricane. Do NOT own any assets that will pay you future dollars.

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.