Wednesday, April 30, 2008

The Lowest Silver Price We'll See for Quite a While

Gold Price Close Today : 862.80
Gold Price Close Last Friday: 874.2
Change: -11.40 or -1.3%

Silver Price Close Today : 16.502
Silver Price Close Last Friday: 16.54
Change: -3.8 cents or -0.2%

US Dollar Index Today: 72.61
US Dollar Index Last Friday: 72.85
Change: -0.24 or -0.3%

Sorry, Franklin Sanders is finishing his monthly Moneychanger newsletter today and so can't write a commentary. He wants to point out, however, that based on the aftermarket, silver and gold prices put in the first half of a key reversal upward, and the Dow put in the first half of a key reversal downward. He thinks that today's will be the lowest silver price we'll see for quite a while.

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.