Gold Price Close Today : 896.10
Gold Price Close Last Friday: 863.10
Change: 33.00 or 3.8%
Silver Price Close Today : 16.273
Gold Price Close Last Friday: 15.346
Change: 92.7 cents or 6%
US Dollar Index Today: 76.019
US Dollar Index Close Late Friday: 75.919
Change: 0.100 or 0.1%
Here's my whole hog commentary:
Gold is going higher.
Silver is going higher, faster.
Stocks are going lower.
Dollar is going sideways, bottoming,& will rally later before first half ends.
Buy more silver.
Sell stocks & any assets that will pay future US Dollars.
Anything I say past that is gilding the lily, but gild I will (because y'all expect more words out of me).
Why is silver going higher?
Because it has closed well above the previous high (1549.9 in November), & because silver usually outperforms gold in latter part of gold rally.
Why is gold going higher?
My minimum target for this rally is 980, & in a spike may reach US$1,100 by end of February. Wave of fiat money pouring out of world's central banks is driving gold up against all currencies. Breakout this week is technical equivalent of methamphetamine to markets.
Why are stocks going lower?
All indices have broken not only August but also November lows. Primary Dow bear signal flashed at 12,850 & market has fallen much lower. Dow in Gold Dollars broke down thru G$300 (14.513 oz) this week & closed at G$290.81 (14.068 oz) today. DiG$ has never lied to us, & now testifies "Stocks going much lower against gold." Dow in silver ounces today reached same price as May 2006, ready to break down further next week.
What about the US Dollar?
Trading tiresomely back & forth, it has traced out an embryonic uptrend. Will rally later, as it needs a lot of time to bottom.
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.