Once again, though, as yesterday, one metal closed up and the other down. That's not positive, just confused. It occurs to me that silver & gold must break through tomorrow or risk falling again.
Oh, my, STOCKS jumped today. Some of y'all may remember that I've been hinting for some time they would do that. Right? But what do I always say after that? Swap stocks for silver & gold. After today's performance, I can only say -- ditto.
The US DOLLAR bounced off yesterday's 82.88 close, made a low trade at 82.82, and closed up 30 basis points at 83.18. If it can close higher tomorrow, then the buck ought to rally. Interesting that the buck rose strongly but silver & gold didn't do so badly.
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.