Gold Price Close Today : 928.30
Gold Price Close Yesterday: 933.60
Change: -5.3 or -0.6%
Silver Price Close Today : 18.013
Silver Price Close Yesterday: 18.17
Change: -0.157 cents or -0.9%
US Dollar Index Today: 71.86
Change: 0.0 or 0.0%
SILVER and GOLD PRICE are trading sideways, which is as frustrating as filling a well with BBs, one BB at a time with tweezers. Silver Price closed above $18 at $18.013, but in aftermarket trading has dropped to $17.965. The gold price closed down $5.30 at $928.30, but has eased off to $927.70.
This sort of trading is frustrating, but doesn't contradict my fundamental interpretation that silver and gold prices have finished correcting and will next begin another rally. Only a seriously lower close (below $17.40 and $900) would bring my interpretation into question.
At 14:00 Central time as I write, the Dow is up 78 points and the S&P 500 up 7.30 points. None of this settles the question. Only a break above 12,750 or below 12,200 will answer clearly. Either way, stay out of stocks.
Likewise, the US DOLLAR INDEX reversed itself again today and climbed above 72 to close at 72.080. Closes below 72.50 are just noise. Eventually this year the dollar will rally, but not without that close above 72.50 first.
Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.
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 $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.
