Wednesday, February 20, 2008

Much, Much, Much Higher Silver and Gold Prices are Coming

Gold Price Close Today : 934.60
Gold Price Close Yesterday : 926.60
Change: 8.00 or 0.9%

Silver Price Close Today : 17.740
Silver Price Close Yesterday : 17.490
Change: 25.5 cents or 1.5%

US Dollar Index Today: 76.13
US Dollar Index Yesterday: 76.04
Change: 0.08 or 0.1%

Well, I reckon today's GOLD PRICE close ought to shut the break-out-gainsayers' mouths. It closed up $8.00 at US$934.60, & in the aftermarket traded up to US$940. Now to nail the issue forever shut, gold needs to close 2% above its high close, which would be $945.65. Expect that in 24 hours.

The SILVER PRICE in fact outpaced gold slightly today, closing up 25.5 cents at $17.74, a new high, confirming yesterday's breakout. The 2% confirmation comes at $17.84, an easy mark tomorrow.

Much, much, much higher silver & gold prices are coming

THE GOLD SILVER RATIO will drop sharply, very fast, once it falls below 52. Get ready to swap silver for gold sometime this spring.

The US DOLLAR INDEX hung by its claws above 76 today, closing up 8 basis points at 76.13. Steady. Gaining also on the Euro.

STOCKS rose today, but without much enthusiasm. Dow rose 90. to close at 12,427.26; S&P rose 11.25 to close at 1,360.03.

March crude oil futures closed at $100.74 today, above $100 a barrel second day in a row. Oil prices are up 74% from last year. A sustained break above $100 -- where can it go? I'm glad I live on a farm. How about you?

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.