Gold Price Close Today : 1,086.70
Change: 2.40 or 0.2%
Silver Price Close Today : 17.395
Change: 22.4 or 1.3%
Platinum Price Close Today: 1,366.00
Change: 13.10 or 1.0%
Palladium Price Close Today: 328.40
Change: 1.50 or 0.5%
Gold Silver Ratio Today: 62.47
Change: 0.130 or 0.2%
Dow Industrial: 9,802.14
Change: 30.23 or 0.3%
US Dollar Index: 75.92
Change: -0.65 or -0.8%
New all time highs for the GOLD PRICE today: Comex gold closed $1,086.70, up $2.40; intraday high was $1,097.65, and traded much higher than Comex in the aftermarket, now $1094.90. Buy it. It has broken out. There is a time to hold, a time to fold, and a time to go all in. This is one of those times. To go all in, I mean.
The SILVER PRICE is the only fly in this sweet-smelling ointment. It is advancing well, faster than gold, but needs to clear $18.00 and run to confirm gold's move. Buy it, before time and the market leave you behind.
SILVER and GOLD PRICES are now launching the wildest and wooliest advance of the primary uptrend. Whooooo. It will suck the breath right out of your body, just to watch.
US DOLLAR INDEX today sank like a lump in a churn, shedding 65 basis points to stop at 75.92. A confidence game ends when confidence vanishes. Were I sitting on a pile of scrofulous dollars, nausea would now begin stirring in my vitals. If the dollar closes below 74.90, it will not stop shy of 74, maybe lower.
STOCKS rallied slightly today, but O so slightly. Dow rose 30.23 to 9,802.14 and S&P500 rose 1.09 to 1,046.50. Stop waiting for higher prices. Get out now.
Dow in gold dollars has broken down. Today it closed at G$186.46 (8.993 oz). Stocks have turned down. Disaster loometh for those foolhardy enough to remain invested in stocks. Flee the carnage to come!
Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.
- Franklin Sanders, The Moneychanger
The-MoneyChanger.com
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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.
