Gold Price Close Today : 940.00
Change: 4.20 or 0.4%
Silver Price Close Today : $13.607
Change: 18 cents or 1.4%
Gold Silver Ratio: 69.08
Change: -0.629 or -0.9%
Dow Industrial: 7,925.04
Change: 175.23 or 2.3%
US Dollar Index Today: 84.09
Change: 0.37 or 0.4%
The GOLD PRICE rose $4.20 to US$940 and the SILVER PRICE climbed 18.3 cents to $13.607 cents. Most of this they gave back after Comex closed at 12:30 CST, ending the day (17:00 central time) at $935.50 and $13.52. I suspect big resistance as gold approaches $950 and silver approaches $13.80 - $14.00. I expect significantly higher prices within 30 days. Only a break below $920 in gold would change that outlook. Once gold breaks through US$1,000, both metals will rise very rapidly. Keep on buying silver and gold. Urgently.
What's going on? The platinum price rose $11 today and the palladium price rose ten dollars. Wow.
Today the US DOLLAR INDEX rose 35 basis points to 84.087, but the chart looks awful. Now it is consolidating, but surely more down-side lieth in the future. Add to that the feckless and foolish comedy team, Ben and Timmy, who can't open their mouths for the foot hovering nearby. Great confidence builders.
STOCKS rose again, Dow up 175.23 to 7,925.04; S&P closed up 18.98 at 823.86. Sell on a scale-up, or sell big chunks beginning at 9,000. Rally may last through May. Folks, this is the LAST last train out. Catch it or live where you are for the next 25 years.
From 28 June 1914 until 28 July, the world held its breath hoping that Austria would not declare war on Serbia over the assassination of Austrian Archduke Ferdinand. By 1 August, all Europe had been drawn in. World War I would slaughter millions, and in the end destroy the empires -- Russian, German, Russian, and Ottoman -- that had helped start it. Not even the winners -- France, Britain, and the US -- won anything. Worse, communism was spawned.
Today the sun is beaming, spring grass makes the air fragrant, I can see the spring lambs from where I sit. Yet I look at markets, I see premiums rising on silver, gold coins disappearing, hear of seed shortages, guns and ammunition disappearing from stores, and a shadow passes over making me wonder if we're not in that same still month in 1914.
Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.
- Franklin Sanders, The Moneychanger
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.
