Tuesday, March 25, 2008

Silver and Gold Prices May Spike Once More Downward, But Far, Far More Likely is a Runaway Upside

Gold Price Close Today : 934.60
Change: 16.30 or 1.8%

Silver Price Close Today : 17.762
Change: 69.5 cents or 4.1%

US Dollar Index Today: 72.19
Change: -0.72 or -1.0%

Yesterday the silver price closed up 26.2 cents $17.067 and the gold price down $1.30 to $918.30. However, both were very strong in the aftermarket.

Then today the SILVER PRICE jumped up 69.5 cents at its close, while the GOLD PRICE leapt $16.30. That would've been strong as a garlic milkshake, but they didn't stop there. The gold price rose in the aftermarket to US$938.50 and the silver price rose another 20 cents to $17.955.

Friends, silver and gold prices may spike once more downward, but far, far more likely is a runaway upside. HUGE gains are coming, startling, amazing even to silver's friends -- and gold's.

Buy now. Now.

People keep asking me about internet rumours that the market is "running out of silver." That's just a tad naïve. Whenever prices run up, down, & back up in a wild market, that causes supply bottlenecks. However, the discount on the buy side of US 90% silver coin has risen from -70 cents to -40 cents in two days -- very very strong. Usually that only happens right before a big upmove.

Stocks must close above 12,700 to turn bullish, but stocks today are confused, with the Dow down 16 points and the S&P up 3.11. Confused markets falter.

The US DOLLAR INDEX, having flirted with 73, fell back today a huge 72.5 basis points to 72.19. Wretched performance. One begins to wonder whether the Nice Government Men really can pull it out of the nosedive after all.

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 $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate in a bubble, primary trend way down.