Big story today is the US Dollar Index, which barely crept over 82, & closed just below that mark. It is also significant for market morale. Tomorrow the dollar might cross it, but soon, no doubt. A close above 82.35 will send the shorts scurrying for cover.
STOCKS told us nothing new today, with slightly higher closes. This rally has been a massive bull trap, & those who fell into it will regret it. Swap stocks for silver & gold. (I'm completely unrepentant.)
The DOW IN GOLD DOLLARS scooted up to G$406.17 (19.65 oz), right at the downtrend line. If it doesn't turn back here, it signals a time of stocks outperforming gold.
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.