Wednesday, March 05, 2008

Gold Price Up $22.30 to Close at Another New Record High, US$986.20 - When Will it Stop?

Gold Price Close Today : 986.20
Gold Price Close Yesterday : 963.90
Change: 22.30 or 2.3%

Silver Price Close Today : 20.685
Silver Price Close Yesterday : 19.738
Change: 94.7 cents or 4.8%

US Dollar Index Today: 73.48
US Dollar Index Yesterday: 73.71
Change: -0.23 or -0.3%

Well, I reckon today's trading answers all those questions that yesterday agitated us. The SILVER PRICE closed at $20.685, up 94.7 cents, a little more than 3% above the last high (day before yesterday) at $20.073. The GOLD PRICE rose US$22.30 to close at another new record high, US$986.20.

'Tis fun, folks, but 'tain't normal. Silver gaining a dollar a day and gold gaining ten or twenty won't last forever, but O! What fun while it does.

But the question in y'all's minds is, "When will it stop? How high will they go?" And my answer is, "I'm not a fortuneteller." I can't see any top before March ends, & this may stretch out to May - June. Mmm... Wonder how low the dollar will be then?

Looks like the silver price will hit my $21 minimum target tomorrow or Friday, and the gold price will hit US$1,000 by Friday.

Gold Price High today was $992.92, just US$7.08 off US$1,000. My, O, My, my son says, when the gold price clears US$1,000 won't a lot of the public pour in? Well, more of them for sure, but the public hasn't really piled in to gold and silver yet. When they do, silver will rise more than a dollar a day, and gold more than $20.

DOW IN GOLD DOLLARS made another new low today. Now G$256.88 (12.427 oz) buys the whole Dow. That index, by the way, gained 41 whole points today. The Dow fell in value below 600 oz. of silver to 590 oz.

The US DOLLAR INDEX fell 23 more basis points today to close at a new low. Way more than half our new silver & gold investors say they're afraid the dollar is falling apart. What will happen when larger & larger numbers of the public begin feeling the same fear?

GOLD/SILVER RATIO fell a huge 1.48 points today. Time draweth nigh to swap from silver to gold. I will provide y'all an explanation of how we swap, & what you need to do to swap with us.

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.