Gold Price Close Today : 1759.80
Change : 5.70 or 0.3%
Silver Price Close Today : 0.407
Change : (0.016) or -3.7%
Gold Silver Ratio Today : 4319.59
Change : 175.033 or 4.2%
Silver Gold Ratio Today : 0.00023
Change : -0.000010 or -4.1%
Platinum Price Close Today : 1820.30
Change : -42.40 or -2.3%
Palladium Price Close Today : 750.65
Change : -12.30 or -1.6%
S&P 500 : 1,159.27
Change : -18.33 or -1.6%
Dow In GOLD$ : $130.97
Change : $ (2.43) or -1.8%
Dow in GOLD oz : 6.336
Change : -0.117 or -1.8%
Dow in SILVER oz : 27,368.43
Change : 620.07 or 2.3%
Dow Industrial : 11,149.90
Change : -170.81 or -1.5%
US Dollar Index : 74.22
Change : 0.209 or 0.3%
Moneychanger's gone fishing, but sent this comment.
Establishment knows it's in big trouble. Witness firing big blarney cannon today. Warren Bufet buys 5 billion of biggest bank, Bank of America. Talking heads foaming at the mouth blathering about bets on America. O, can adults really be gulled by such blarney? Reckon so, since they are pulling it again. Buffet notwithstanding, stocks are doomed. Establishment is terrified. Buy silver and gold.
On Saturday, 3 September we will celebrate our annual Bodacious Hoedown again at the Top of the World farm. Starts at 1:00 p.m. with an afternoon of games like raw egg toss, dunking booth which my children have set up for me, and lots of others. Or you can sit bring a stringed instrument and sit under the trees jamming with others (do NOT bring a grand piano. It has strings, but won't fit in.) After that come supper with barbecued pork raised on our own farm, slaw, beans, tomatoes, and dessert. Then comes the fun: an Old Time Band and dance caller. This year we are not charging admission, as a thank-you to all our customers. If you're interested, email me with "Hoedown Directions" in the subject line and I'll send you directions and a list of local motels -- or you can camp out, if you like rustic camping. franklin AT the-moneychanger.com (replace AT with @)
Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.
- Franklin Sanders, The Moneychanger
© 2011, 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.
Be advised and warned: Do NOT use these commentaries to trade futures contracts. I don't intend them for that or write them with that outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures.