Gold Price Close Today : 1228.80
Change: 13.90 or -1.1%
Silver Price Close Today : 19.476
Change 16.4 cents or -0.8%
Platinum Price Close Today: 1735.40
Change: -5.60 or -0.3%
Palladium Price Close Today: 542.90
Change: 0.15 or 0.0%
Gold Silver Ratio Today: 63.09
Change: -0.181 or -0.3%
Dow Industrial: 10,782.95
Change: -113.96 or -1.0%
US Dollar Index: 85.44
Change: 0.61 or 0.7%
goldprice.org had a denial of service (dos) attack yesterday, causing the site to load slowly for some visitors and not at all for a brief period for some visitors. We worked closely with our hosting company and server management team to defend against the attack. We can only speculate on the motivation for this attack on the day that the gold price reaches the highest price in history...
We would like to announce a new section of goldprice.org which is our Gold Price Calculators. You can also find a link to the calculators on the middle of the front page of goldprice.org.
The Gold Price Calculators Include:
- Gold Holdings Calculator - How much is your gold worth
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- Coming Soon - Gold Price Archive tool to find the price of gold in any currency on any day.
Click Here to use the calculators. You can also find a link to the calculators on the middle of the front page of goldprice.org
Franklin Sanders Commentary:
Make-up, make-up, make-up! It's all in the make-up in this Age Of Illusions, where actors and charlatans become presidents and politicians. So also with markets today.
About New York opening time the US DOLLAR INDEX, which was already straining at the leash, crossed through 85.00, shot to 85.20, traded sideways between 85 and 85.20, then backed off for a running start and finished the day selling at 85.44, up 61.2 basis points. This breakout pushes the dollar's next target to 86.80, maybe as high at 89.50. Shucks, if the Euro manages to trash itself, maybe it will go higher still. It mattereth not a whit, because silver and gold will both far outpace the dollar, rest assured.
STOCKS today rapped on the gate of 10,900, and the gate burst open with a 900 lb. troll who promptly stomped the Dow down 113.96 points to close at 10,782.95. Large feet fell on the S&P500's head as well, kicking loose 14.23 points for a 1,157.44 close. Please, please, get out of stocks and stay out. What holds the future? More pain. More tears. More mourning. More beatings.
"Make-up!" was the call of the Nice Government Men today, seeking to take some shine off of gold. Thus we heard of -- but never saw -- the cosmetic close below 12.30 at
$1,228.80, down 13.90 on Comex. Yea, behold, a mystery spike took gold down below $1,236 beginning about 12:30 EST, spiking down under heavy selling, and immediately after 13:30 EST (Zut alors! Closing time on Comex!) rising above $1,232 and trading $1,232 - $1,235 till now. What a lovely job of painting the tape! Or, alternatively, HUGE buyers are waiting at $1,230 for any opportunity. Either way, the gold price is due a breather here. Maaaybe gold can begin rallying again tomorrow, if enough shorts decide they don't want to spend the weekend biting fingernails and sweating bullets.
SILVER got the same make-up job gold received. "Somebody" sold it off beginning about 12:30, then about 13:30 it rose again to 19.40 - 19.50. 19.80 was today's high, and becomes the number to beat. Silver closed on Comex down 16.4c at 19.476.
Silver and gold rally is intact, merely taking a rest, offering y'all bargain prices.
Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.
- Franklin Sanders, The Moneychanger
© 2010, 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.