Gold Price Close Today : $882.20
Gold Price Close April 3: $895.60
Change: -13.40 or -1.5%
Silver Price Close Today : $12.325
Silver Price Close April 3: $12.725
Change: -40.00 cents or -3.1%
Gold Silver Ratio: 71.58
Gold Silver Ratio Close April 3:70.38
Change: 1.20 or 1.7%
Dow Industrial: 8,083.38
Dow Close April 3: 8,017.59
Change: 65.790 or 0.8%
US Dollar Index Today: 85.626
US Dollar Close April 3: 84.201
Change: 1.425 or 1.7%
The longer SILVER and GOLD PRICES hold this position without further declines, the less likely those declines become. I expect one more paroxysmal push down, a spike down, for the end, but we may not even see that. Demand is huge, and supply is thin still, as noted in the high premiums. Gold American Eagles are again available, trickling into the system with 2 week delays.
Surprising no one, stocks completed their correction this week and climbed back above Dow 8,000 with a nearly 250 point push today. S&P500 did even better. Now stocks will push rapidly toward 9,000 - 9,400, but do NOT get sucked in by Wall Street cheerleaders' cries of "New Bull Market!" There's bull in that all right, but it ain't "market".
US DOLLAR INDEX got unexpected good news today, in the best monthly balance of trade report in nine years. Still showed a deficit, of course, but the Depression is forcing down imports, so the number was a bit better than the usual catastrophe. Expect dollar index's rally to cease, desist, dry up, and blow away about 86.20.
Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.
- Franklin Sanders, The Moneychanger
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.