Gold Price Close Today : 1763.20
Change : -2.20 or -0.12%
Silver Price Close Today : 34.073
Change : 3.273 or 10.63%
Gold Silver Ratio Today : 51.748
Change : -5.570 or -9.72%
Silver Gold Ratio Today : 0.01932
Change : 0.001878 or 10.76%
Platinum Price Close Today : 1676.70
Change : -16.80 or -0.99%
Palladium Price Close Today : 648.45
Change : -9.05 or -1.38%
S&P 500 : 1,432.56
Change : -8.92 or -0.62%
Dow In GOLD$ : $156.45
Change : $ -1.29 or -0.82%
Dow in GOLD oz : 7.568
Change : -0.063 or -0.82%
Dow in SILVER oz : 391.65
Change : -45.79 or -10.47%
Dow Industrial : 13,344.67
Change : -128.56 or -0.95%
US Dollar Index : 79.92
Change : -0.093 or -0.12%
Sorry, the Moneychanger is finishing his October monthly newsletter for paid subscribers today so can't publish GOLD PRICE commentary. However, he said to tell y'all that other than stocks tanking, nothing much changed from yesterday. Same boundaries apply as stocks draw perilously nigh 13,300.
He also had this little message:
Whoopie! The digital versions of At Home In Dogwood Mudhole are ready. Hard copies won't be here until 26 October, but if you want to purchase AHIDM in PDF, Kindle, or e-Book format for $16.95, you can order at http://store.the-moneychanger.com/products/at-home-in-dogwood-mudhole-vol1
Sorry, I've worn out two pencils and a fountain pen trying to figure out how to autograph those digital versions, but it's licked me. I can't do it.
And once y'all order and have a chance to read a little, let me know what you think. If it doesn’t make you gasp, laugh, cry, or jump up and down (or all at once), I'll refund your electrons.
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.