Gold Price Close Today : 884.30
Gold Price Close Yesterday: 883.60
Change: 0.7 or 0.1%
Silver Price Close Today : 17.060
Silver Price Close Yesterday: 17.21
Change: 15 cents or -0.9%
US Dollar Index Today: 73.51
US Dollar Index Yesterday: 73.67
Change: -0.16 or -0.2%
I'll bet that in the last days of the Roman Empire, before the Western Empire fell, the headlines in the Roman newspapers read, "Odoacer & Germans Quiet -- Magistrates Say Nothing To Worry About." I read headlines today and think about that.
Metals were a bit confused today. Gold, platinum, and palladium all rose, however slightly, while silver fell 15 cents. However, it still appears silver and gold prices are moving higher. My interpretation remains the same: lows were made 1 May, metals now correcting, new upmove will begin by mid-August.
STOCKS seem to be wallowing in deep waters. How busy the Nice Government Men will be if stocks fall through 12,000, then 11,500, and on down. What will they do? What bogeyman will the blame? What dead and rotting rabbit will Ben Bernanke pull out of his hat?
The US DOLLAR INDEX has now dropped back to critical resistance at 73.50, in fact, stopped dead on it. It's make it or break it time. If it drops through 73.50, big trouble follows. Don't look for me to shill for the US dollar.
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.