The Silver Price finds support at 1220 (obviously) and 1200, then 1150, then 1100. Somebody is buying silver at these prices, since the premium on 90% silver bags has risen from -60 cents to -50.
The Gold Price finds support at 625-635, 600, 570, & 550. Gold coin premiums remain unchanged.
Gird up your loins. If metals drop, you'll be tempted to run. Don't. Rather, it is time to buy more.
GOLD/SILVER RATIO had hit top of its downward trading channel, so it's time to swap gold for silver. Do it. If you want to do it through us, call (888)218-9226. Any dealer can do it for you, but we make a special price to keep transaction costs low, that is,we charge commission on one side of the trade only.
The US DOLLAR INDEX is slowly grinding lower, having failed to hold on at the 82.35 resistance. If it breaks, it will fall to 81.70 quickly. A close below there will loudly scream that no rally is coming.
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.