In a frustrating sideways market like this one danger is that you'll fell like you're watching some Brad Pitt movie and stop paying attention. Then you miss something building, so Wake up, there!
STOCKS rose again today, not much, but more when thrown against the backdrop of gold's 5.50 fall. The Dow in Gold Dollars, which yesterday had broken broken below 425 support for the second time, today ran back up to G$430, where it has been hanging out for days. The DiG$ still hasn't made clear which one will be performing better during the next half year, gold or stocks, and stocks continue to be as overbought as Gargantua's underdrawers.
The US DOLLAR INDEX rose today 18 basis points, so it has bounced off 82.50. Dollar probably has a few more down days, but then expect to see it rallying more.
The GOLD/SILVER RATIO is making moves so tiny you need a 10 power glass to see them. When markets wind themselves into knots this tight, there will come a big breakout up or down. Count on it.
I still have a few Mexican two peso gold coins left at $34.65 each, minimum order 10. Y'all know that the Mex 2 peso is one of the world's smallest gold coins at 0.0482 troy ounce, nearly the same size as the old US $1 gold piece. If you're looking for survival pieces, here they are. Leave a message on (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"
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.