The US DOLLAR INDEX today fought off an early morning attack, fell back to 82.05, then rallied back to 82.35-ish. Dollar's pattern is now higher lows and higher highs, but it is stuck at 82.35 resistance. Must be an awful lot of people who distrust the dollar out there, all waiting to short it again at 82.35. At some point the dollar will win, at least for its little rally for the next few months.
STOCKS remain as overvalued as ever, & climbed a meager 14 points today (Dow 13,521.34). Tomorrow the Dow will try to reach its last high at 13,564. See what happens then -- if it fails, then it places a double top over the market. Whatever happens, swap stocks for silver & 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.