Wednesday, September 22, 2010

The Gold Price Closed at 1290.20 up 17.80 - Another New All Time High Close

Gold Price Close Today : 1,290.20
Change : 17.80 or 1.4%

Silver Price Close Today : 21.03
Change : .42 or 2.0%

Platinum Price Close Today : 1,632.90
Change : 20.50 or 1.3%

Palladium Price Close Today : 539.65
Change : 11.85 or 2.2%

Gold Silver Ratio Today : 61.35
Change : -0.36 or 0.99%

Dow Industrial : 10,739.31
Change : -21.72 or -0.2%

US Dollar Index : 80.19
Change : 0.03 or 0.0%


Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 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.