Wednesday, August 01, 2007

Gold & Silver Are Still in an Uptrend With Rising Bottoms

SILVER & GOLD PRICES dropped today, but still in an uptrend with rising bottoms. As long as they don't drop through 1275 and 659 they'll be fine. That would make tomorrow a great day to buy silver & gold. Big rally coming. Delay at your own peril.

What happened today?

If I were the Nice Government Men on the Plunge Protection Team, with the impossibly unconstitutional job of protecting Wall Street & its profits, I would defer manipulating until the market had run through several bad days and just about run out of downside steam. Then, when all the naïve have shorted stocks and are most vulnerable, I would begin buying S&P500 futures, & so drive up the price, catch the shorts naked, panic them, and have them buy up the market for me.

Whoops. Wonder what happened today, when the Dow turned around after most of the day in losing territory (low was 13,132.65) and closed up 150. Wonder how that happened? No matter. Dow in Gold is trending down still.

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.