Gold Price Close Today : 882.50
Gold Price Close Yesterday: 889.60
Change: -7.10 or -0.8%
Silver Price Close Today : 15.902
Silver Price Close Yesterday: 16.030
Change: -12.8 cents or -0.8%
US Dollar Index Today: 76.48
US Dollar Index Close Yesterday: 76.32
Change: 0.16 or 0.2%
Somebody attacked SILVER and GOLD PRICES today. Hmmmm . . . Now WHO would be selling silver & gold? Huh? Who? Cui bono? Could it be the Nice Government Men? All is rotten, hard to read anything. Government known to intervene in stocks, known to have intervened & authorized by law to intervene in gold -- how can we know what to expect.
"If they do these things in the green tree, what will they do in the dry?"
It's taking all the Nice Government Men can do to raise the Dow. Dropped 200 pts early today, & at 13:00 Central Time is still down 80. If 3/4 pt surprise rate cut can do no more than this, what will they do when things get really bad?
Back to King Canute. He ordered the tide to recede to chasten his flattering courtiers. Reality will chasten our modern day flatterers of state arrogance. They will hyperinflate their whole system into the abyss. Stick with the silver & gold -- it will rise up out of this. Ride the phoenix!
I have to be away from this afternoon through Friday. Be calm, be careful, stay with silver & gold.
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.