Gold Price Close Today : 1161.60
Change: 0.50 or 0.0%
Silver Price Close Today : 18.403
Change 6.3 cents or 0.3%
Platinum Price Close Today: 1731.90
Change: 9.90 or 0.6%
Palladium Price Close Today: 518.50
Change: 5.90 or 1.2%
Gold Silver Ratio Today: 63.12
Change: -0.190 or -0.3%
Dow Industrial: 11,019.72
Change: 22.37 or 0.2%
US Dollar Index: 80.89
Change: -0.65 or -0.8%
Sorry, I have to send this out early today because I have a doctor's appointment and today is my wife, Susan's birthday, so I get to take her out to supper. Prices shown above are not closes, except for SILVER and GOLD PRICES.
SILVER and GOLD PRICES closed up marginally. The SILVER PRICE rose 6.3c to $18.403 while the GOLD PRICE climbed a monumental 50c to $1,161.60. This is probably the breather I have wanted to see for silver and gold prices. As long as the gold price stays above, ohhh, $1,140, maybe $1,134, it will be on track. The silver price must not fall below $17.90.
The Dow finally climbed above 11,019.72, up 22.37. S&P has nearly made 1,200 at 11,98.19, up 3.82. Cheer not, O stock promoters and Wall Street pimps! This signals not the day of your victory, but the day of your doom drawing closer. Still expect Dow to get as far as 11,100, then sink straight toward the bottom, taking many forlorn hopes with it.
US DOLLAR INDEX is up 38.3 basis points at 80.573. Nothing significant happening with the dollar today as long as it remains around here.
Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.
- Franklin Sanders, The Moneychanger
© 2009, The Moneychanger. May not be republished in any form, including electronically, without our express permission.
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. Whenever I write "Stay out of stocks" readers inevitably ask, "Do you mean precious metals mining stocks, too?" No, I don't.