Thursday, September 23, 2010

The Gold Price Closed at 1294.60 - Another New All Time High

Gold Price Close Today : 1,294.60
Change : 4.10 or 0.3%

Silver Price Close Today : 21.19
Change : .16 or 0.8%

Platinum Price Close Today : 1,650.20
Change : 17.30 or 1.0%

Palladium Price Close Today : 554.85
Change : 15.20 or 2.7%

Gold Silver Ratio Today : 61.08
Change : -0.27 or 1.00%

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

US Dollar Index : 79.82
Change : -0.01 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.