Gold Price Close Today : 907.40
Gold Price Close Yesterday : 922.90
Change: -15.50 or -1.7%
Silver Price Close Today : 17.218
Silver Price Close Yesterday : 17.433
Change: -21.5 cents or -1.2%
US Dollar Index Today: 76.37
US Dollar Index Yesterday: 76.56
Change: -0.19 or -0.2%
GOLD PRICES are either topping or consolidating. How do we know? If the gold price closes below $890, gold has topped. If it doesn't close below $900, it will be okay. Behold! The gold price has risen for the last 4 days. It's entitled to a rest. However, the gold price must beat $930.
The SILVER PRICE doesn't look like it's consolidating to me, just tracing out the normal up and down. Wall to batter down is $17.50, while $17 is the line silver must hold. This dips merely offer opportunities to buy.
The silver price is going to rise higher. This rally hasn't nearly ended. Whoa! It has hardly BEGUN!
The Dow in Gold Dollars has now bounced twice off G$274.20 (13.265 oz). Could be temporary bottom. That would mean stocks are about to rally.
GOLD SILVER RATIO has broken to new lows at 52.7, through 54 and now 53. It dropped from 54.144 to 52.7 in the last three days. Today it fell way through its 200 day moving average (53.724). It is about to hit support, crash through, & fall even further. Hang on, hang on, & while you do, get ready to swap silver for gold. Count & inventory your silver & get it packed up now. Swap should arrive by mid-May.
US DOLLAR is still fighting a wall of market disgust and disbelief,
but climbing notwithstanding.
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.
