Monday, January 17, 2011

Gold Price Closed at $1,360.40 Down $26.50 or -1.9%

Gold Price Close Today : 1,360.40
Change : -26.50 or -1.9%

Silver Price Close Today : 28.30
Change : -.94 or -3.3%

Platinum Price Close Today : 1,813.40
Change : -5.20 or -0.3%

Palladium Price Close Today : 788.45

Gold Silver Ratio Today : 48.07
Change : 0.66 or 1.01%

Dow Industrial : 11,787.38
Change : 55.48 or 0.5%

US Dollar Index : 79.33
Change : 0.25 or 0.3%

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com
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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.