Gold Price Close Today : 795.30
Gold Price Close Yesterday: 800.3
Change: -5.0 or -0.6%
Silver Price Close Today : 14.237
Silver Price Close Yesterday: 14.329
Change: -9.8 cents or -0.7%
US Dollar Index Today: 75.65
US Dollar Index Yesterday: 75.12
Change: 0.52 or 0.7%
If I had to say -- and I don't, but I will, because I reckon I have no better sense -- I'd say SILVER & GOLD are finishing the last leg of their correction, & we'll see that bottom tomorrow or early next week. Seasonals point to that, as do prices. It's a 50/50 proposition in my mind whether either metal will make a new low at the bottom of this leg, new low being below 776 & 1400. Regardless, I would still be buying silver & gold.
One difference today was the weakness in the metals' aftermarkets. They have been rallying very strongly, but today fell from 795.30 to 792.60 & from 1427.3 to 1415.5. All you opportunists better buy while the buying's good.
Whoa! I opened a box today & found something I haven't seen in years: the exquisite 10 oz. silver bars minted by MTB in New York. The frosty device on mirror finish is the Statue of Liberty, full face. Roughly 2" wide & 4" long, 3/8" thick. Comes with assay certificate. Some may be darkened slightly or show small multicolored tarnish spots. I have only 40 of these 10 oz. silver bars for sale at US$154.25. Shipping is $10 for 1, $12 for 2, $15 for 3, and $20 for more than three. Sorry, no re-orders & quantity is strictly limited. Call (888) 218-9226 & leave a voice mail, please. Please mention goldprice.org when you call.
I want to be sure to tell y'all what great folks y'all are. Every time I meet one of you on the phone your friendliness & good spirits impress me. Course if they didn't, I'd just hang up on you. But I'm grateful I never have to, & grateful also for your kind encouragement. Thanks very much.
The US Dollar Index rallied 52 basis points today, which throws the presumption on the side of a rally. Crazily oversold dollar is set up for a short covering rally, which will hurt silver & gold briefly, but not long. Dollar still stinks, so remember this is only an inevitable dead-cat bounce, & not the beginning of a new life for the dollar. Feds have de facto devalued the buck, & slow burn will take it to 60 over next few years. Flee dollars!
Wow, that really twists your mind! How did a group of pencil-necked creeps get such control over the country that they can pick everybody's pockets at will? It ain't Federal, it has no Reserve, & it's only "system" is the systematic looting of you & me. I bet there's not a one of 'em can milk a cow or drive a nail or do a decent day's work.
STOCKS sure ran out of steam today, plump! Know how a rock looks when you throw it up in the air, it flattens out, then falls? Today was the flattening for stocks. Dow has built a big topping formation. It's going lower than a snake's belly at the bottom of a slough. Better swap stocks for silver & gold while you have time.
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.
