SILVER PRICE stopped today in the 1325 - 1335 resistance area, and smack on the downtrend line from the February high at 1469. When it breaks thru, it will run to 14. Thinking about that 300 day moving average. Silver pierced that not long ago, then turned up again, a rare occurrence that usually happens before large, long rallies.
Buy silver and gold. Start now. I'm beginning to think we have passed the lows. Could be proven wrong, but it's worth taking a chance on. Next time silver hits 1500 & gold hits 720, they will break through.
The US Dollar Index rose a little today, but the dollar is diddling. Could have bottomed here, but more likely has another leg down in its future.
Stocks closed above psychologically 14,000 Dow today -- by 0.41. Wonder who helped that? Nice government men must be suffering a terrible quandary -- raise interest rates and save the buck while slapping stocks, or let the buck slide so stocks will rise and the illusion of prosperity continues? Strocks should still hit 14,100, but the DOW IN GOLD DOLLARS fell again today, only slightly. This is the same chasing maneuver the DiG$ has been following for months, refusing to resolve in stocks' favour.Still looks like it is beginning a long drop to me.
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.
