The US DOLLAR INDEX fell below 82 today & all the bears piled on. However, too quickly, I suspect. A reaction back from the 82.35 resistance toward the point where the buck bottomed earlier is usual. Unless it breaks 81.40, it will be a successful test, and the dollar will resume its upside course.
For the second day now the Dow has risen slightly while the S&P has fallen slightly. That's just the sort of straw in the wind that might mean a tornado is on the way.
What makes me think stocks are not about to run off and leave gold in the dust? the Dow in
Gold Dollars. The DiG$ keeps fiddling, trapped below G$415 - G$417 resistance. Considering the run stocks are having, and the slams gold has taken, that's a strong performance for gold against stocks.
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.
