Friday, September 24, 2010

The Gold Price Closed at 1296 - Another New All Time High

Gold Price Close Today : 1,296.00
Gold Price Close 17-Sep : 1,275.60
Change : 20.40 or 1.6%

Silver Price Close Today : 21.38
Silver Price Close 17-Sep : 20.79
Change : 0.59 or 2.8%

Platinum Price Close Today : 1,639.80
Platinum Price Close 17-Sep : 1,621.90
Change : 17.90 or 1.1%

Palladium Price Close Today : 558.50
Palladium Price Close 17-Sep : 543.30
Change : 15.20 or 2.7%

Gold Silver Ratio Today : 60.62
Gold Silver Ratio 17-Sep : 61.36
Change : -0.74 or 0.99%

Dow Industrial : 10,662.42
Dow Industrial 17-Sep: 10,594.83
Change : 67.59 or 0.6%

US Dollar Index : 80.14
US Dollar Index 17-Sep : 81.02
Change : -0.88 or -1.1%

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.