Monday, April 23, 2007

Look for One More Down Day & Higher Prices the Rest of the Week

SILVER and GOLD PRICES remain confused, and that's not good. One closes over critical resistance one day, but the other drops. Then next day they trade places. Today silver closed up and over 1400, while gold closed down slightly. Platinum also dropped today. I still believe silver and gold will rise more, gold at least to last year's high at 720. Look for one more down day & higher prices the rest of the week. Silver must not close below 1372; gold must hold above 684.80.

The US DOLLAR INDEX closed up slightly today. It looks more & more as if it is feeling with its feet for a bottom. However, that lies in the future. It has a lot more feeling around to do first.

The DOW JONES INDUSTRIAL AVERAGE has risen for 7 straight days. Time for a rest. Higher prices coming, but look out for sharp correction. No change of long term outlook, which is dismal for stocks. Swap stocks for silver & gold while the market is throwing you a soft ball.

Here's another little surprise, something I don't see very often, actually two little surprises. First, I found 26 only franc "Angels" or "Angel Writing" French 20 francs. It's not a rare coin by any means, but they're so pretty that usually whoever buys them hangs on to them. The coin depicts an unclothed angel, writing at a standing desk. I can sell them at $5.00 more than the Rooster type, at $139.25 each, limit 5 pieces to an order and one lucky person will get 1 coin. (Each 20 franc contains 0.1867 oz gold).

Second, that lot of German 20 marks two weeks ago sold out so fast I looked for more, & found twenty (20) pieces. I'll sell them for $166.25 plus postage, a 4.5% premium. Each German 20 mark contains 0.2304 oz gold) As always, first come, first served, call (888) 218-9226. Please mention goldprice.org when you call.

Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.

- Franklin Sanders, The Moneychanger

"Buy Silver and Gold Coins at the Best Prices"
http://the-moneychanger.com/

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.