Change: -9.30 or -1.3%
Silver Price Close Today : 9.550
Change: 22 cents or 2.4%
Gold Silver Ratio: 76.71
Change: -2.806 or -3.5%
Dow Industrials: 8,424.75
Change: 151.17 or 1.8%
US Dollar Index Today: 87.21
Change: 0.27 or 0.3%
Another day in which the Nice Government Men painted the tape. The gold price refused to drop below $732, but was "closed" at $732.60, then promptly began climbing to 738 - 741 now (16:50 CST). Stocks were "up" (raise volume on canned applause in the background) by 151 huge points. The silver price closed up 22 cents, then rose another 20 cents in the aftermarket. The US DOLLAR INDEX rose 27 basis points to close at 87.21.
The closes in silver and gold smelled even stranger because the silver price "closed" up 22 cents while the gold price "closed" down $9.30. Confusion in the market, or just a painted tape? Confusion would indicate silver and gold prices are faltering, but for some reason I can't quite put my finger on (besides my fundamental, abiding, deep-seated, and absolutely certain distrust of the yankee government) today's trading did not seem weak or wavering at all.
At the bottom line, the silver price improved its Thursday key reversal again today, while the gold price remained high enough to keep from endangering the key reversal. All remains on track.
Looking ahead, there shouldn't be more than a couple of weeks to run on the dollar's rally. Expect a strong gold and silver price rally to begin soon and wade through the end of the year, accelerating after the new year. A rally is due to begin in stocks, probably by end-November, which will give you, quite literally, "one last chance" to escape stocks.
It remains very difficult to get silver and gold. Shipments of silver are late. From day to day I don't know what we will have available to sell. It's a very small door into gold and silver: y'all better crawl through while you've got a chance.
Following is a small quotation from a courageous Tennessean (ah, but I repeat myself) addressing the 2nd Bank of the US, the banksters of our day. Jackson was not, however, offering them any bailouts or favours:
Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves . . . I intend to rout you out, and by the Eternal God I will rout you out!
Just try to imagine one of those Washington traitors or running dogs of the banksters saying those words today. Only reply they know to banksters, is "Yes" & "How much?"
Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.
- Franklin Sanders, The Moneychanger
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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.