The US DOLLAR INDEX is not doing itself any favours, falling 15 basis points a day. Rapidly it reacheth the point of no return. Remember that 82.35 is the strong support/resistance level. A close below that turns the dollar into a lead balloon.
Why does everything seem so equivocal lately? Stocks rose a nothing amount today in the Dow & S&P 500, but as many indices fell as rose. Confusion. Bewilderment. Confused markets usually don't rise. If I held stocks, I would swap stocks for silver & gold.
The DOW IN GOLD DOLLARS sank today to G$426.82 (20.647 oz), roughly the G$425 support level. This is not equivocal, but moving in the direction I want to see. Yet it must follow through with lower prices & a close below G$415 (20.076 oz) support.
Rain! Rain! Thank God in heaven, we got rain last night. My 70 year old neighbour told me that this is the worst drought he can ever remember.
My wife & all the ladies in my family are taking their summer vacation, & I had to go to the grocery store today. I seldom go, & when I do I only go to sneak neat stuff into my wife's basket, but today I had to read the menu from the right hand side. It's ruinous! How can people pay those prices and live? And I didn't buy any meat.
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.
