Monday, May 12, 2008

Silver and Gold Prices Have Already Bottomed

Gold Price Close Today : 883.70
Change: 0.80 or -0.1%

Silver Price Close Today : 17.158
Change: 31.5 cents or 1.9%

US Dollar Index Today: 72.94
Change: -0.12 or -0.2%

SILVER and GOLD PRICE action since last Thursday, combined with the stock market and the dollar index is consistent with my suspicion that silver and gold prices have already bottomed.

It's possible still that we'll see a sudden, brief downward spike in silver and gold prices, but that grows less likely every day.

Remember y'all should have bought all your bargain-basement silver and gold by mid to end May.

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.