Tuesday, July 03, 2012

The Gold Price Up $24.10 Closing Comex $1,621.30

Gold Price Close Today : 1621.30
Change : 24.10 or 1.51%

Silver Price Close Today : 2824.30
Change : 0.775 or 2.82%

Gold Silver Ratio Today : 57.405
Change : -0.742 or -1.28%

Silver Gold Ratio Today : 0.01742
Change : 0.000222 or 1.29%

Platinum Price Close Today : 1488.70
Change : -23.40 or -1.55%

Palladium Price Close Today : 597.40
Change : -15.35 or -2.51%

S&P 500 : 1,374.02
Change : 1.62 or 0.12%

Dow In GOLD$ : $165.04
Change : $ (2.79) or -1.66%

Dow in GOLD oz : 7.984
Change : -0.135 or -1.66%

Dow in SILVER oz : 458.30
Change : -13.82 or -2.93%

Dow Industrial : 12,943.82
Change : -24.44 or -0.19%

US Dollar Index : 81.81
Change : -0.070 or -0.09%

Franklin will not be publishing commentary today as he is nursing his wife who is recovering from heart surgery.

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

- Franklin Sanders, The Moneychanger
10:00am-5:00pm CST, Monday-Friday

© 2012, 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 bubble has burst, primary trend down.

WARNING AND DISCLAIMER. 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 short term trading outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures.

NOR do I recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or another may go up in smoke. Unless you can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary of traps.

NOR do I recommend trading futures options or other leveraged paper gold and silver products. These are not for the inexperienced.

NOR do I recommend buying gold and silver on margin or with debt.

What DO I recommend? Physical gold and silver coins and bars in your own hands.

One final warning: NEVER insert a 747 Jumbo Jet up your nose. No, I don't.