Gold Price Close Today : $854.60
Change: 15.30 or 1.8%
Silver Price Close Today : $11.158
Change: -3.7 cents or -0.3%
Gold Silver Ratio: 76.59
Change: 1.620 or 2.2%
Dow Industrial: 7,949.09
Change: -332.13 or -4.0%
US Dollar Index Today: 86.39
Change: 0.82 or 1.0%
The GOLD PRICE closed above $850 today, at US$854.40, up $15.30 but not quite breaking out yet. Needs to close over US$858 for that. The gold price should make that breakout this week, and push US$900 - $920 by end-January.
Yes, buy gold now.
The SILVER PRICE was the forked tongue today, down 3.7 cents at $11.158. Now I'm not thrilled by that, but look where it was last week, and you'll realize it's actually much higher. All this back and forth is just talk and wasting ammunition until silver closes above $11.50. Tomorrow it ought/must climb above $11.25.
"Buy the rumour, sell the news" seems the market proverb the stock market was operating on today. In spite of the Obama-ramalama dawning of a New Age of Change, stock investors all ran for the exits. Dow in Gold Dollars (Dow measured by gold) sank to a new low, G$192.28 (9.302 oz). Unless stocks gain traction and reverse tomorrow, much more downside is coming, hard.
US DOLLAR INDEX has broken out to the upside, closing today at 86.32, up 82 basis points. Look for a run to the last high at 88, and then a collapse. High dollar exchange rate is like poking Bust-up Ben Bernanke and the new crooked Secy. Of Treasury with a sharp, burning stick. Rest assured they will stop it and reverse the dollar.
Whoa! Here's a surprise. We haven't had a ready supply of ten oz. silver bars since August, yet we bought some today. If you want to buy at least twenty ten oz. bars (200 oz), send us an e-mail at [email protected] We're selling them based on current spot silver, $11.18, for US$140.20 per bar or $2,829 delivered per order. Sorry, no orders for less than 200 oz. We will enter orders beginning with the first e-mail received until supply is exhausted. Offer expires at 10:00 a.m. Central time, 21 January. Please include your name, address, phone number and mention goldprice.org in your e-mail.
Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.
- Franklin Sanders, The Moneychanger
"Buy Silver and Gold Coins at:"
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.