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Gold Price Close Today : 1546.00
Change : 4.50 or 0.3%

Silver Price Close Today : 36.373
Change : 0.308 or 0.9%

Gold Silver Ratio Today : 42.50
Change : -0.238 or -0.6%

Silver Gold Ratio Today : 0.02353
Change : 0.000131 or 0.6%

Platinum Price Close Today : 1747.10
Change : 16.60 or 1.0%

Palladium Price Close Today : 766.75
Change : 19.20 or 2.6%

SP 500 : 1,295.52
Change : 17.16 or 1.3%

Dow In GOLD$ : $162.99
Change : $ 1.01 or 0.6%

Dow in GOLD oz : 7.885
Change : 0.049 or 0.6%

Dow in SILVER oz : 335.14
Change : 0.18 or 0.1%

Dow Industrial : 12,190.01
Change : 109.83 or 0.9%

US Dollar Index : 74.70
Change : -0.328 or -0.4%

The GOLD PRICE continues advancing today, up $4.50 at Comex close to $1,456.00. Why is my enthusiasm not engaged? Trading seems lackluster to me, not much back and forth, and a slow aftermarket. Maybe I’m suffering midsummer lethargy?

Beneath gold now stands $1,535 support and the 20 DMA at $1,534.28. It has reached the last high close, so “Fish or cut bait” time has arrived. If gold does pierce $1,547 then it will run to the all-time high close at $1,563 (Intraday at $1,575). Then we must ask whether it is double topping or continuing a rally.

The silver price, too, keeps steadily creeping up. Today it gained 30.8c on Comex and ended at 3737.3c, above that thorny hedge at 3600c. It’s close to closing through the 20 DMA (3660c), but momentum indicators speak with forked tongue, letting go no secrets.

I reckon I might be missing something, but nothing yet convinces me that silver and gold prices have bottomed, although I expect to see slightly higher prices tomorrow.

As I expected, once stocks penetrated 12,100 they jumped. Dow today closed up 109.83 at 12,190.01, up 0.9%. SP rose 1.34%, 17.16 points to 1,295.52. Let’s ponder this in alternative currencies, in US dollars and in gold.

In US dollars the Dow jumped through the 20 day moving average (12,165) crossing the first tripwire of an advance. First barrier arises at 12,300. Momentum indicators — RSI and MACD — loudly whisper stocks will climb more, and will have to cross that 12,300 bridge when they come to it.

In gold terms the dow rose slightly today, but not enough to pierce its 20 DMA (7.93). Closed 7.88 oz., looks lazy.

Logically, I have no dog in this fight. Not that I don’t own stocks, but I don’t even go to dog fights. Stocks only make sense when an economy makes sense, and the US economy, where folks draw over 50% of income from government, is not a sensible or sustainable economy. I’d about as soon invest in a stable country like Liberia or Sudan. Makes as much sense.

Read an article today that explained WHICH big financial institution victimized the Greek government. Y’all will never guess who — Hey, how’d y’all know it was Goldman Sachs?

Makes it all the more likely that we are now watching the final asset stripping which is the ultimate payoff of the game. Time the jackal banks have finished stripping the corpse everything public in Greece will be owned by somebody foreign.

Think of two people who can’t swim treading water out in the middle of the lake, both clinging and climbing on each other trying to save himself. That’s stocks and the US Dollar.

Today stocks rose on the back of a falling dollar. Dollar relinquished 32.8 basis points to close at 74.701. Dollar remains in an uptrend, in spite of this, but the vigor may be aging rapidly. NGM are sweating bullets and bolts trying to hold the buck down and float the euro, I doubt not. Euro jumped up to its 50 DMA today (1.4416) but closed at 1.4411, up 0.71%. You buy it — I wouldn’t. Nice Japanese Government Men have the yen well in hand, tucked in bed under 125c/Y100 (Y80.22/$).

Sorry, I won’t be sending a daily commentary because I will be finishing my monthly Moneychanger newsletter for paid subscribers. God willing, I’ll be back on Thursday to needle y’all some more.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 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.

Article source: http://feedproxy.google.com/~r/SilverAndGoldPrices/~3/hJ_aPRrlrKM/nothing-yet-convinces-me-that-silver.html

Gold Price Close Today : 1541.50
Change : 2.90 or 0.2%

Silver Price Close Today : 36.065
Change : 0.326 or 0.9%

Gold Silver Ratio Today : 42.74
Change : -0.309 or -0.7%

Silver Gold Ratio Today : 0.02340
Change : 0.000168 or 0.7%

Platinum Price Close Today : 1730.50
Change : -26.50 or -1.5%

Palladium Price Close Today : 747.55
Change : 3.05 or 0.4%

SP 500 : 1,278.36
Change : 6.86 or 0.5%

Dow In GOLD$ : $162.00
Change : $ 0.73 or 0.5%

Dow in GOLD oz : 7.837
Change : 0.035 or 0.5%

Dow in SILVER oz : 334.96
Change : -0.93 or -0.3%

Dow Industrial : 12,080.38
Change : 76.02 or 0.6%

US Dollar Index : 75.01
Change : -0.021 or 0.0%

On Comex the GOLD PRICE rose 2.90 to $1,541.50, conquering at long last the $1,540 level. Today it reached $1,547.05, but only on a spike about 9:30 a.m. NY time, then just as quickly dropped back to oscillate above and beneath 1,540. Suspicious soul that I am, I expect the same NGM fighting to keep the dollar down and the euro up are struggling to keep gold from building any steam.

Yet laying aside my paranoia, I can easily allow that the longer term gold chart depicts a market destined to make one more dip before completing its correction. A two-day close above $1,575 would gainsay that expectation, and the GOLD PRICE will have to close below $1,510 to confirm it is turning down. Momentum indicators are equivocal, so there’s no help from that quarter. Seasonality is another consideration, and it points down.

Right, I know, I sound like a government economist: “On the one hand . . . On the other hand . . .”

Last two days have blocked the SILVER PRICE at 3615c, but failed to drive silver below 3490 – 3520. Yet silver remains in a slight downtrend, bounded by 3850c on the top and 3473c on the bottom. It’s a flat trading range, and until silver breaks above 3850c or below 3350c it’s all just noise.

Sorry, folks, I’m not a politician, so when I have no answer, I say, “I don’t know.” That may disappoint those who believe I have a crystal ball, but it’s much easier for me to remember the truth.

It feels as if everybody has gone away on vacation and left off trading. Yet beneath all this sizzles the fuse of Greece’s government default. By the way, the pay off in that game was announced today: Greece will sell of scads of government owned enterprises. May I speculate that they will go for pennies on the dollar, and the ultimate owners will not be Greek, but their names will end with “*-insider”? The game will be complete once the jackals get over the goal line with all those bargain assets in their bag.

Let us begin our meditation with stocks. They rose today, modestly, and not nearly enough to escape ambiguity. Anything under Dow 12,100 speaks out of both sides of its mouth.

Dow closed up 76.02 at 12,080.38 while the SP 500 rose 6.86 to 1,278.36.

On the bright side is the MACD turning up as if it means to rise. 20 day moving average lies far above at 12,175, and stocks need to close thereabove to confirm they are indeed turning up.

All this is odd, as summertime is normally dead for stocks, hence the proverb, “Sell in May and go away.” Against gold stocks are making no headway, yet, but it is conceivable they might be turning up.

It won’t matter whether stocks rally or not, it will merely become one more act in a drama of dashed hopes. Stocks remain the stinkweed in the Great Investment Bouquet.

Yes, yes, I believe this. Financial panic threatens Europe and the euro, and the US dollar sinks today. Sure, I believe that. I believe also in Santa Claus, the Tooth Fairy, The Easter Bunny, the benevolence of government, and the honesty of currency markets — but not so much that last one.

Technically the US dollar index has carved out a double bottom about 74.90, so should continue advancing or at least not fall further as long as it holds that line.

The euro dropped a tee-tiny amount today, .03%, and floateth just beneath its 20 DMA. Bogus, thy name is euro! Japanese NGM are doing their job, keeping the US dollar from rising to more than 125c/Y100 (Y80/$).

I have now lost count of the emails I have answered about the changes that Zero Hedge pointed out that the Dodd-Frank bill mandates in trading silver and gold over the counter come 15 July.

NOW HEAR THIS: the change applies only to margined or leveraged contracts, not to physical metals such as we trade in. This change does NOT mean you will no longer be able to trade in physical silver and gold. It might, however, diminish hedge fund participation for reasons too obscure explain.

And this incident arouses another, deeper question: At what point will y’all say no? When? Have you thought about it? When they come drag you away to prison? Your wife? When they take away your children? When they steal your pension? At what point will y’all begin to say NO to the government? In “Gulag Archipelago” Solzhenitsyn wonders what would have happened if, when the GPU came to arrest folks at night, instead of quivering behind their apartment doors Russians had met them in the stairwell with iron pipes. How long would the arrests have continued, had they done that?

I reckon every man has a different breaking point, but if you have no breaking point are you still a man?

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 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.

Article source: http://feedproxy.google.com/~r/SilverAndGoldPrices/~3/BhbF8YN8pFI/gold-price-today-made-all-time-high.html

Gold Price Close Today : 1,503.20
Gold Price Close 15-Apr : 1,485.30
Change : 17.90 or 1.2%

Silver Price Close Today : 4606.2
Silver Price Close 15-Apr : 4256.6
Change : 349.60 or 8.2%

Gold Silver Ratio Today : 32.634
Gold Silver Ratio 15-Apr : 34.894
Change : -2.26 or -6.5%

Silver Gold Ratio : 0.03064
Silver Gold Ratio 15-Apr : 0.02866
Change : 0.00198 or 6.9%

Dow in Gold Dollars : $ 171.98
Dow in Gold Dollars 15-Apr : $ 171.79
Change : $ 0.19 or 0.1%

Dow in Gold Ounces : 8.320
Dow in Gold Ounces 15-Apr : 8.310
Change : 0.01 or 0.1%

Dow in Silver Ounces : 271.50
Dow in Silver Ounces 15-Apr : 289.98
Change : -18.47 or -6.4%

Dow Industrial : 12,505.99
Dow Industrial 15-Apr : 12,343.16
Change : 162.83 or 1.3%

SP 500 : 1,337.38
SP 500 15-Apr : 1,319.68
Change : 17.70 or 1.3%

US Dollar Index : 74.096
US Dollar Index 15-Apr : 74.873
Change : -0.777 or -1.0%

Platinum Price Close Today : 1,816.50
Platinum Price Close 15-Apr : 1,791.50
Change : 25.00 or 1.4%

Palladium Price Close Today : 768.85
Palladium Price Close 15-Apr : 769.70
Change : -0.85 or -0.1%

Our office will be closed to observe Good Friday, Easter, and Easter Monday. We will return on Tuesday, 26 April.

Yet another week to stretch your credulity: the SILVER PRICE up 8.2%, the GOLD PRICE up 1.2%. No, those are not typos. All else besides seems anemic.

What has come clear this week? That Bernard O’Bama and Blundering Ben Bernanke are destroying the dollar, yes, stringing it up by the hooves, slitting its belly, and gutting it. Had I been a fly on the wall, I could now report when the decision was made in the Bushite administration to depreciate the dollar, and when Bernard and Ben decided they would fix the economy by eviscerating the dollar. Or mayhap there is some deeper conspiracy, some destroy the dollar and replace it with the Bongo or whatever Frankenstein currency our Great Ones desire. This much is clear: they balk not at stealing the wealth of every American by depreciating the dollar.

What loosed this tirade? US DOLLAR INDEX today dropped 27.2 basis points to 74.096, down 0.35% and most critically, through the Dec 2011 low at 74.23. Next logical target is 71.25, maybe the 2001-2008 low at 70.70. As yet the chart signals no turnaround.

The moldy euro reacted by making a new high for the move at $1.4542. Yen gapped up to Y81.83/$ (122.2c/Y100).

Did y’all ever walk through a house of mirrors at a fair? Remember how the mirrors distort everything, some make you skinny, some fat, some make your head tiny and your body huge? That’s how the stock market makes me feel. No economic outlook is pushing it higher, no fundamental strength, yet it powers higher, driven by mysterious forces with the initials NGM. Clearly, they have taken over the Potemkin stock market to cast before the mushrooms’ eyes the illusion of prosperity.

It is never a smart idea to mock reality, because reality always has the last word. The stock market is riding a wave of new money and government manipulation. This will end badly.

Investing in stocks is like substituting oven cleaner for Wildroot Hair Oil. It won’t make your hair shine and you’ll have to part your scalp.

SILVER and GOLD PRICES are just about as crazy. The SILVER PRICE up 8.2% in one week? What’s bad about this? Y’all are going to start expecting it all the time, and this is not a normal move. It is NOT different this time, and it never is.

What is it then? It is a bull market in a fiercely strong upwave, and all that has been accelerated by Ben Bernanke’s Bundles of Bucks. Yet I am not pointing to its end, because the GOLD PRICE could reach $1,600 and the SILVER PRICE 5000c. Seasonal highs almost without exception occur before mid-May, and June, July, August, and September have not for the last eleven years shown any high.

And if some goof tells you silver and gold prices are “in a bubble,” just smile and don’t squander any words enlightening his darkness. Compared to the 1980 peaks, silver and gold prices are hardly moving. No, I am not joking, and have the charts to prove it. The precious metals bull market has AT LEAST 3 to 10 more years to run, and silver may nearly quadruple from here while gold rises another four times, too.

Here’s what makes trading or investing so hard: you have to look at the sturdy present and envision the unseen future. At its 400c low, who could imagine silver at 4600c, over 11 times as high? A few did.

In the same way, you must look at the markets everyone is panting after and envision them when the fickle crowd has cast them aside. Think “real estate.” “Beanie babies.” “Tech stocks.”

TODAY the gold price hammered clean through $1,500 resistance to close at $1,503.20, up $4.90. The real barrier here is $1,505 (as $1,405 was earlier). When gold breaches that breastwork, probably next week, it will shoot higher still and you will drop quoting it in the fourteens and get used to quoting it in the fifteen hundreds.

GOLD’s short term chart has a wedgey look I don’t like, so next week might see some correcting before bursting through $1,505. As long as gold remains above $1,490 it will continue rallying.

SILVER rose 159.7c today to close at 4606.2c. It’s following a pattern of breaking into new high ground during the day, then adding 30 – 50c in the aftermarket. Right now it’s trading 4664.

The only argument against silver right now is its own success. Its rise is looking more and more parabolic, and that usually signals the end of a move. It’s more overbought than sushi at a tom cat convention. I confess, there’s not much way to predict where it will run, or where it will stop, but the wilder it gets, the worse will be the eventual hangover.

Still, as long as silver remains about 4500 or 4550c, it will keep on raging. That 115c discount on the wholesale buy side of US 90% silver coin leaves me very antsy.

On this glorious day in 1836 the Republic of Texas made good its independence by defeating the army of Santa Anna at San Jacinto.

Y’all enjoy your Easter holiday.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com
Phone: (888) 218-9226 or (931) 766-6066

© 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.

Article source: http://feedproxy.google.com/~r/SilverAndGoldPrices/~3/xciSIPFjJsc/silver-price-up-82-in-one-week-gold.html

Gold Price Close Today : 1503.00
Change : (5.60) or -0.4%

Silver Price Close Today : 45.050
Change : (2.099) or -4.5%

Gold Silver Ratio Today : 33.36
Change : 1.366 or 4.3%

Silver Gold Ratio Today : 0.02997
Change : -0.001280 or -4.1%

Platinum Price Close Today : 1804.50
Change : -20.10 or -1.1%

Palladium Price Close Today : 751.90
Change : -7.90 or -1.0%

SP 500 : 1,347.24
Change : 11.99 or 0.9%

Dow In GOLD$ : $173.23
Change : $ 2.24 or 1.3%

Dow in GOLD oz : 8.380
Change : 0.109 or 1.3%

Dow in SILVER oz : 279.59
Change : 14.90 or 5.6%

Dow Industrial : 12,595.37
Change : 115.49 or 0.9%

US Dollar Index : 73.77
Change : -0.231 or -0.3%

It pays always to keep your eyes on the horizon, so that the confusing details around you assemble themselves into a larger picture.

From a friend in Iowa I received an email reporting that a friend had gone to buy a US$7,300 piece of farm equipment. When it came time to pay, his friend asked the dealer, “Do you want paper, silver, or gold?”

The dealer brightened and said, “Silver, and I’ll give you a discount if you pay in silver.”

Behold, the new economy! Here behold the goal and means to free ourselves of the Federal Reserve’s fiat money tyranny and economic slavery: we stop using their phony private money and return to [quite legal and constitutional] gold and silver money. We remove ourselves from the economic storms caused by their rotten currency and crooked banking and we rebuild our local economies on a sound silver and gold basis.

Just try it. Next time you pay, ask the person whether they want paper, gold, or silver. See what happens. Worst they can say is NO.

Also, the ever-sagacious Catherine Austin Fitts and I teamed up to create www.silverandgoldaremoney.com. There you can punch in any US dollar amount and in real time convert that to a payment in US 90% silver coin, US gold or silver American Eagles, or a host of non-US gold and silver coins and bullion.

Next time you hand somebody green paper dollars or a credit card, just remember: you are forging your own chains.

And forget the US government threats and persiflage: you have a constitutional and common law right to contract for any payment you please. More than that, all gold and silver coins ever minted by the US government remain “legal tender.” Using gold and silver coin is not “bartering”, it’s MONEY.

You forge your own chains.

MARKETS TODAY:

We trod not the office steps yesterday, but observed for Easter Monday. Considering yesterday’s fireworks, that probably was a great idea.

I know y’all only want to know about silver and gold, but be patient: it all works together.

THE US DOLLAR INDEX has sunk 32.3 basis points since last Thursday, from 74.096 to 73.773. Today alone it lost 21.3 more bp, 0.27%.

Yet look not smugly on. Today the dollar formed a falling wedge, which promises that tomorrow, if it breaks not below 73.744, ’twill rise tomorrow.

And that would surprise. Breaking down past the last low, 73.74, and the December low, 74.23, targets the dollar for 72 or lower. The scabrous euro took advantage of the buck’s swoon to rise to another new high for the move (ho-hum) at 1.4643, up 0.77%. Even the yen has gapped up and headed higher. Today it’s trading at Y81.55/$ (122.62c/Y100).

Only sign this situation might turn around is that falling wedge on the dollar’s daily chart.

Baldly stated, I don’t believe the stock market, or more precisely, I DISbelieve the stock market. No economic reason exists for its rise, except the Fed and other central banks pumping out zillions of new money which all runs straight into financial markets. Add to that the Nice Government Men on the Plunge Protection Team steadily meddling in the market, following the Spirit of Potemkin to keep up a cardboard front screening the real and rotten economy.

Today the Dow rose to a new high for the move, 12,595.37, up 115.49. The SP500 rose 11.99 to 1,347.24.

Hey, here’s an idea! Instead of investing your money in stocks, why not take a couple hundred thousand bucks out into your back yard, bury it, and see if a money tree comes up?

There are very few overnight certainties in markets, but it appears that yesterday silver turned down, and gold will probably break as well.

The SILVER PRICE sank 10.5% from its 4985 high Monday to a 4464.7c low. One expects to see that sort of move on a trend reversing day.

I hasten to add that this is no certainty, as every forecast dwells in a foggy nimbus. But a quick calculation shows that if this is the break, then the target might be 3360.

Y’all must bear in mind that the more overhyped and overblown a market becomes, the more severe the following reaction. Every hedge fund in the world has hopped on to silver, and they have almost as much loyalty as a 1915 Irish draftee in the British army. They will dump silver by the truckloads as soon as they sniff a break.

The naïve think this is terrible, that the bull market has ended, that it proves silver is in a bubble. Nothing could be further from the truth. It is a normal process in every market, and clears away the grotesque over-optimism to make way for another advance.

Biggest argument AGAINST a correction in precious metals remains GOLD. It sank a paltry $5.60 today to close Comex at $1,503.00, but that offered no damage. The SILVER PRICE on the other hand fell 209.9c to 4505c, down 4.5% in one day. The gold/silver ratio fell 4.26%, too.

Once the gold price crosses that $1,500 wall protecting investor morale, it will tumble, too. Target there might be $1,445.

On the upside, the silver price needs to close over 5000c and gold above $1,525 to suggest that this rally hath yet legs.

On this day in 1983 the Dow Jones Industrial Average broke 1,200 for the first time. I recount that incident to impress upon y’all’s minds how far markets can outrun our imagination. The ultimate Dow High was 11,722, about ten times that 1983 figure.

In Florida and Georgia today is Confederate Memorial Day. It was yesterday in Mississippi.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com
Phone: (888) 218-9226 or (931) 766-6066

© 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.

Article source: http://feedproxy.google.com/~r/SilverAndGoldPrices/~3/IDiznqAjxCk/gold-and-silver-coins-are-money.html

Gold Price Closed at 1516 Silver Price Closed at 45.96

Gold Price Close Today : 1,516.70
Change : 13.70 or 0.9%

Silver Price Close Today : 45.96
Change : .91 or 2.0%

Platinum Price Close Today : 1,825.20
Change : 12.80 or 0.7%

Palladium Price Close Today : 757.80
Change : 2.40 or 0.3%

Gold Silver Ratio Today : 33.00
Change : -0.36 or 0.99%

Dow Industrial : 12,595.37
Change : 115.49 or 0.9%

US Dollar Index : 73.30
Change : 73.30 or 100.0%

Editors Note: Franklin may not be publishing commentary today, if he does we will publish it here.

posted by Franklin Sanders at 10:02 PM

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Article source: http://feedproxy.google.com/~r/SilverAndGoldPrices/~3/AVb-41uYQJo/gold-price-closed-at-1516-silver-price.html

Gold Price Close Today : 1530.80
Change : 14.20 or 0.9%

Silver Price Close Today : 47.520
Change : 1.562 or 3.4%

Gold Silver Ratio Today : 32.21
Change : -0.786 or -2.4%

Silver Gold Ratio Today : 0.03104
Change : 0.000739 or 2.4%

Platinum Price Close Today : 1841.20
Change : 18.20 or 1.0%

Palladium Price Close Today : 776.50
Change : 11.50 or 1.5%

SP 500 : 1,375.13
Change : 1.47 or 0.1%

Dow In GOLD$ : $171.84
Change : $ (1.12) or -0.6%

Dow in GOLD oz : 8.313
Change : -0.054 or -0.6%

Dow in SILVER oz : 267.79
Change : -8.35 or -3.0%

Dow Industrial : 12,725.40
Change : 34.44 or 0.3%

US Dollar Index : 73.12
Change : -0.404 or -0.5%

Don’t miss my special offer below.

Sorry I sent no commentary yesterday, but I was finishing my monthly Moneychanger newsletter for paid subscribers, who can log in to www.the-moneychanger.com and pick up the April issue.

Listening to Ben Bernanke today quoted from his press conference yesterday, I was amazed how incompetent he sounded, stuttering like someone telling an uncertain lie. If he’s the best the central bankers have, their gunwales are deeper under water than I even I suspected.

He announced yesterday that his imagination has been surgically removed. At least, that is MY turn on his idiotically continuing the Keynesian nostrums that have so long and with such historical uniformity failed. Poor boy doesn’t have imagination enough to think of anything else. What a punishment, to be subjected to a goof like that!

The US DOLLAR, taking its cue from Bernanke’s announcement yesterday that he would surely keep interest rates low and thereby assuring he would keep on inflating, sank like a lump in a churn. Y’all remember that more than any other factor, interest rates determine currency exchange rates. Euro managers raise euro interest rates, Bernancubus suppresses dollar interest rates, and surprise, surprise, the scrofulous buck sinks against the scabrous euro. It’s the Clash of the Midgets, seeing who can slither down the drain first.

Whooo. That felt good. Now, back to the buck.

Today the US dollar index sank another 40.4 basis points (0.52%) on top of the 53 basis points it threw away yesterday. Trading now at 73.115 on its way to 40 [sic]. Get this: Bernard O’Bama and the Bernanculus are gutting your dollars to please their masters and keep the parasitism dribbling along a while longer. If that don’t make you howling mad, you have no mad gland.

Euro rose like your mama’s house guest sitting on a whoopee cushion (I bet you got one memorable whipping for that!). New high for the move at 1.4817 Yen rose 0.8% to Y81.54/$ (122.64c/Y100).

Let me put this stock thing in perspective for y’all. Stocks are now maybe 20% above December 2010, yet against gold they have actually dropped. Against silver they have dropped a lot, down to 90% of their June 2003 peak value. Y’all see now? I don’t want your stocks, because they are like those smoke bombs they sell for July 4th — all smoke and noise, no bang. In fact, stocks remain the government-approved, OSHA-safe imitation cherry bomb in Tennessee Bob’s Wholesale Fireworks Investment Store. And will remain.

Today the Dow rose 34.44 to 12,725.40, hand in hand with the SP500 which didn’t exactly rise, but, well, barely lifted itself up on the ball of its foot 1.47 points to 1,357.13. Oddly — he always says that when he sniffs blood somewhere — all the other indices fell. That’s confusion, and confusion doesn’t make for strong markets.

I know some of y’all are going to get madder than a wet wasp, but I have to flip the switch on the caution light on SILVER and GOLD PRICES. After the Bernancubus glued the accelerator pedal to the floor yesterday, silver and gold prices took off wildly. But bear in mind that it is not unusual for the SILVER PRICE to top one day, then the GOLD PRICE to top a few days later. Key is that the Gold/Silver ratio, after a new low 25 April at 31.996, shot up to 33.36 the next day. In all silver and gold’s recent upside downs, that hasn’t happened. But maybe I am only nervously anticipating when I ought to be contentedly enjoying. Still, a live dog is better than a dead lion.

Today the gold price made a new intraday high at $1,538.30 and a new closing high (all-time since the beginning of the cosmos) at $1,530.80, up $14.20 on Comex. Low came at $1,524.10. In the aftermarket gold’s playing footsie with $1,536.

Only target I have to work off is that upside down head and shoulders gold broke out of. That points to $1,525 – $1,557. The gold price would have to close below $1,505 to invalidate this rally.

Ohhh, I HATE parabolas, and silver’s chart clearly shows one. They are rally killers, and on this drive the silver price will need every sinew and ounce of strength to burst through that historic brick wall at 5000c per ounce. If it does, it will run straight skyward.

Yet — O, absolve me, Silver Bugs! — I had rather capture my silver profits now by swapping silver for gold and miss part of that move, than see the reaction take them all away. Swapping for gold, I will at least get to swap back for MORE silver when the ratio rises. Not swapping, I will only get to cherish the warm, fuzzy memory of reading all those Internet gurus who convinced me the silver price will reach $100 by next Friday.

The SILVER PRICE has a threatening double top, reached Monday and today, at 4982c and 4950c. The silver price must clear 5000c immediately and not fall below 4725c, or succumb to the Kryptonite of fifty bucks. This situation is as full of tension as your cheeks when you suck on to a firehose. Here it shall not remain, but must advance or fall back.

SPECIAL OFFER

Because the last Special Offer sold out so fast, I promised y’all I’d come up with another soon, so here ’tis.

Gold Coins Under US$100:

Offer # 1. Mexican two pesos. Contains 0.0482 troy oz. gold, about 1/20 oz. At a 5.6% premium I can sell 30 ea. Mex 2 p @ US$78.20 ea = $2,346.00 + $25 shipping = $2,371.00 total per lot.

Offer # 2. Mexican 2-1/2 pesos. About 1/16 ounce with exactly 0.0603 oz gold. Also at 5.6% premium, so 30 ea. Mex 2-1/2 p @ 97.80 = $2,934.00 plus $25 shipping = $2,959.00 total per lot.

More Imperial German 20 Marks.

Offer # 3. German 20 Marks. Minted nearly 100 years ago, before 1915, 0.2304 troy oz. At 4.36% premium, order 10 ea. German 20 M @ $369.50 ea., or $3,695.00 + $25 shipping = $3,720 per lot.

Offer # 4. South African Two Rands. Same size as the British sovereign, 0.2354 troy oz, but lower premium at 3.6% over gold. 10 ea. S.A. 2 Rands @ $374.90 = $3,749.00 + $25 shipping = $3,774.00 total per lot.

A very few more US $5 and $10 Commemoratives.

Offer # 5. U.S. $5 and $10 modern commemoratives. I found only 36 ea of the $5 (contains 0.2418 oz gold) at $386.15 and 4 ea of the $10 (0.4838) at $772.30. Premium over gold content for these is 3.9%.

I will sell lots of Eight (8) each $5 gold commems for $3,089.20 + $25 shipping = $3,114.20 per lot. A $10 gold counts as two $5 golds, so you can order one $10 and six $5s and that equals Eight $5s.

For this item only, limit one (1) lot per customer.

Offer # 6. Mixed Peace and Morgan silver dollars. I have two lots only of mixed VG+ Peace and Morgan silver dollars at a 10.9% or $40.50 (0.765 oz silver each) One lot is 120 ea at $40.50 ea or $4,860 + $35 shipping = $4,895 per lot. Note that these are the circulated US silver dollars minted before 1936 in VERY GOOD or better condition, so all will show some wear, some much wear, but all will be FULL VG with no rim dings, nicks, etc.

Conditions:

Orders by e-mail only. Please do not call.

We will not take orders for less than the minimums shown above. You may order more than one lot for everything but the US commems, but not in increments of less than one lot. That is, you may order 30 Mexican two pesos or 60 or 90, but not 36 or 45.

First come, first served, and no re-orders at these prices. I will write orders based on the time I receive your e-mail.

Spot gold basis for all prices above is $1,536.60.

Friendly advice: When you order, list the alternative lots you will accept, in case what you order has already been spoken for. That way your timely response will at least be rewarded with something., ORDERING INSTRUCTIONS:

1. You may order by e-mail only to . No phone orders, please.

Your email must include your complete name, address, and phone number. We cannot ship to you without your address. Sorry, we cannot ship outside the United States or to Tennessee. Please mention you saw this special offer on goldprice.org.

Repeat, you must include your complete name, address, and phone number. Our clairvoyant quit without warning last week and we can no longer read your mind.

2. Orders are on a first-come, first-served basis until supply is exhausted.

3. “First come, first-served” means that we will enter the orders in the order that we receive them by e-mail.

4. If your order is filled, we will e-mail you a confirmation. If you do not receive a confirmation, your order was not filled.

5. You will need to send payment by personal check or bank wire (either one is fine) within 48 hours. It just needs to be in the mail, not in our hands, in 48 hours.

6. We allow fourteen (14) days for personal checks to clear before we ship. If your hurry is greater than that, you can send a bank wire. Once we ship, the post office takes four to fourteen days to get the registered mail package to you. All in all, you’ll see your order in about one month.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 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.@the-moneychanger.com

Article source: http://feedproxy.google.com/~r/SilverAndGoldPrices/~3/lrZU3y2peyA/caution-light-on-for-silver-and-gold.html

Gold Price Close Today : 1,556.00
Gold Price Close 21-Apr : 1,503.20
Change : 52.80 or 3.5%

Silver Price Close Today : 4858.4
Silver Price Close 21-Apr : 4606.2
Change : 252.20 or 5.5%

Gold Silver Ratio Today : 32.027
Gold Silver Ratio 21-Apr : 32.634
Change : -0.61 or -1.9%

Silver Gold Ratio : 0.03122
Silver Gold Ratio 21-Apr : 0.03064
Change : 0.00058 or 1.9%

Dow in Gold Dollars : $ 170.19
Dow in Gold Dollars 21-Apr : $ 171.98
Change : $ (1.79) or -1.0%

Dow in Gold Ounces : 8.233
Dow in Gold Ounces 21-Apr : 8.320
Change : -0.09 or -1.0%

Dow in Silver Ounces : 263.68
Dow in Silver Ounces 21-Apr : 271.50
Change : -7.83 or -2.9%

Dow Industrial : 12,810.54
Dow Industrial 21-Apr : 12,505.99
Change : 304.55 or 2.4%

SP 500 : 1,363.61
SP 500 21-Apr : 1,337.38
Change : 26.23 or 2.0%

US Dollar Index : 73.050
US Dollar Index 21-Apr : 74.096
Change : -1.046 or -1.4%

Platinum Price Close Today : 1,874.90
Platinum Price Close 21-Apr : 1,816.50
Change : 58.40 or 3.2%

Palladium Price Close Today : 794.45
Palladium Price Close 21-Apr : 768.85
Change : 25.60 or 3.3%

In my unmannerly haste and thoughtless last night I neglected to mention the poor tornado victims in Alabama, and urge y’all to pray for their relief. Our county borders on Alabama, and there were tornadoes all around us, even on the counties on either side of us.

I must apologize also that we were out of the office a large slice of today, attending a funeral not connected to the tornadoes, but just over in Alabama. Driving back into Tennessee every car on the four lane highway stopped and pulled over until the funeral procession passed. So did the men mowing their yards. If you want to know what kind of people live in Alabama, THAT kind of people.

Been rode so hard and put away so wet today I think my metaphor and simile tanks are plumb dry, but I’ll try anyway.

What a week! After gobbling up 8.5% last week, SILVER chomped down another 5.5% this week, GOLD played catch-up with a 3.5% gain, and PLATINUM and PALLADIUM woke up, but something strange happened today. More later. Stocks gained this week, but not nearly as much as gold, while the Bernancubus torpedoed the dollar, which was not a good idea since it was already gunwales to the waterline. Alas, I ken not the wisdom of the mighty, and am such a rube that their cleverness appears to me only — dare I reveal my own obtuseness in the face of their sophistication? — garden variety stupidity,. Thus I grasp not how killing your own currency will help your economy. I told y’all I was obtuse.

The US DOLLAR INDEX today slowed its slide for the weekend. Today it lost only 7.1 basis points and came to rest on the ledge-lip of 73 at 73.05. Technically you must believe it is headed for 70.70 (2008 low) soon and 40 eventually, but WAIT! Remember that all currency exchange rates are played with by central bankers as wanton boys do play with flies. They love nothing better than to seduce a market all in one direction — like all the dollar shorts/euro longs right now — then reverse their field to punish all the trend followers. Oh, and to make the world fear them and believe they are doing something. Well, they ARE doing something, namely, what they are supposed to be doing: managing inflation expectations, so that the whole herd runneth not out of their phony money at the same time. Euro made another new high today, right now at 1.4807, but closed lower. After six days rising, that might not mean much, but could be a key reversal. Yen rose again, to Y81.19/$ (123.17c/Y100).

Stocks rose today. Dow added 47.23 to close at 12,810.54 and the SP followed along, gaining 3.13 to 1363.61. Note, I beg, that despite these gains, stocks fell against silver and gold. I keep telling y’all that because I know your ears are dinned by all the mainstream, conventional, degreed, accredited, certified, MBA’d, polished, suited, and universally admired advisors, brokers, and media pundits. They all keep touting stocks for the same reason the man who owns the liquor store keeps that neon light in his window: he is selling his product. Or, look at it this way: when all you have is a hammer, everything looks like a nail. They have no screwdriver, no impact wrench, no saw, no Gorilla glue, no tacks, just the hammer of stocks. And with astonishing, nay, breathtaking ignorance they recommend you buy stocks even though STOCKS REMAIN IN A PRIMARY DOWN TREND. Besides, I’ve learned something in nearly 64 years: those who do not know talk, those who know, do, and talk not. Search out the fellow who is succeeding, never mind how spiffy he dresses and talks, and watch him. You might learn something. Fact is, nowadays when folks start flashing them degrees at me, I just yawn and look for a better game. They have all been taught to think, all right, but all wrong.

The GOLD PRICE today took off and by the time they were turning the key to lock Comex’s doors, the gold price had risen a massive $25.20 to close at $1,556. No laggard, the SILVER PRICE rose 106.4c to 4858.4c at closing, yielding a gold/silver ratio of 32.027.

Then something very odd happened. The silver price was rocking along about 4850c — after Comex closed, maybe 1:30 or 2:00 our time — when suddenly it lost about 70 cents, to 4750. Fell clean through a trap door, and took the ratio to 32.655. No news story precipitated that, and at the same time the gold price ROSE, to $1,565-ish, as if somebody were doing a MASSIVE silver to gold swap all at once.

For silver that is lousy behavior, worse coming on the heels of this week’s volatility. It certainly poses the first half of a key reversal, and it’s up to silver to disprove that on Monday. Between silver and gold the entire week’s trading had the look of past silver and gold peaks. Monday saw a new intraday high in the silver price — 4982c — and a new high closing ratio (31.99) — but a 218c decline from high to low, even though Comex Monday closed higher than the previous trading day.

This hot and cold indecision may arise from nothing more than all the radiation pouring off the old 5000c high as the silver price braces itself to breach that barrier. But mayhap also it is that faltering and fluttering often seen at tops, like a baby bird flopping on the ground, trying to get back up in the air but out of strength. Today’s unexplained silver price fainting spell doesn’t build confidence. Just ask Dale Carnegie.

But mercy! What would have to happen to reverse silver? The 20 day moving average, tripwire of a decline, stands at 4286c, some five bucks below current price. And the silver price must break that line to turn down. Everything else I have said is mere suspicion and anticipation. Well, I will add that the silver price is more oversold than Barack Obama in 2008, and gold nearly so badly. But “oversold” can persist a long time (in some cases 4 years).

Mainly the ratio’s action sets the inside of my head to itching. A new low, then a sudden rise (33.002 on 27 April), when it hasn’t been doing that. And there’s that parabola on silver’s chart. All this implies that the road ahead is washed out someplace.

Here are some brackets: The gold price keeps on rallying as long as it closeth not under $1,505. 20 dma stands at 1,484, support at $1,445. Break that and it might reach $1,380. Upside you are looking now at $1,600 very soon, maybe higher.

The SILVER PRICE must not lose its grip on 4750c. Below that support shows up at 4400c, and the 20 dma at 4286c, then 3600c. I have no upside target for the silver price, and have not a clue how one might forecast same. Let’s guess and say that of course 5000c, the 1980 high, will be tough to break. But what if silver breaks through? What then? A ratio at 28:1? Possible, I reckon, but can that happen without SOME reaction first?

Y’all enjoy your weekend.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 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.

Article source: http://feedproxy.google.com/~r/SilverAndGoldPrices/~3/G7eJXyduS04/entire-weeks-trading-had-look-of-past.html

Gold Price Close Today : 1556.70
Change : 0.70 or 0.0%

Silver Price Close Today : 46.078
Change : (2.500) cents or -5.1%

Gold Silver Ratio Today : 33.78
Change : 1.753 or 5.5%

Silver Gold Ratio Today : 0.02960
Change : -0.001620 or -5.2%

Platinum Price Close Today : 1861.00
Change : 38.00 or 2.1%

Palladium Price Close Today : 773.50
Change : 8.50 or 1.1%

SP 500 : 1,361.22
Change : -2.39 or -0.2%

Dow In GOLD$ : $170.07
Change : $ (0.10) or -0.1%

Dow in GOLD oz : 8.227
Change : -0.005 or -0.1%

Dow in SILVER oz : 277.95
Change : 14.24 or 5.4%

Dow Industrial : 12,807.36
Change : -3.18 or 0.0%

US Dollar Index : 73.06
Change : -0.029 or 0.0%

Must make this fast as tornado spawning storms are headed in from the west and my wife is kidnapping me for two days to go look at waterfalls.

Speaking of waterfalls, they showed up in SILVER and GOLD PRICES today. It appears to be the break we have been awaiting. May have been some catalyst, but I saw no news story. At tops, any old catalyst will do.

On Comex GOLD closed 70 cents higher at $1,556.70 but that tells no story, and surely not today’s. From a high of $1,578.05 the gold price fell as low as $1,523.50. Now trading at $1,545.30 in the aftermarket, that $15 lower than the close. Remember the key reversal pattern: break into new high ground with a lower close on the day, confirmed by another lower close the next day. Both halves make the whole.

Gold’s 5 day chart shows a double peak about $1,575 over the weekend, with another matching peak today. The gold price climbed from $1,550 at the open to $1,575, then steadily lost ground all day. When it hit $1,555, waterfall gushed over the precipice. Only thing holding it up is $1,540. If that ledge holdeth not, and probably won’t, look for $1,505 in short order.

Silver chart differs from gold’s wholly. The SILVER PRICE was trading on a plateau supported at 4800c. In early trading between Sunday and today, in Europe I reckon, waterfall ran over the cliff at 4800c and didn’t splash until it hit 4400c, an 8.3% drop. Yet from midnight Eastern time to NY open, the silver price had recovered to 4550c, then kept on climbing to 4736c.

But water runs downhill. From that high about 11:30 a.m. the silver price ran downhill to 4350c at its lowest. Now at 4394.5c. Comex closed down 250c at 4607.80, but the silver price lost another 200c in the aftermarket.

Truth be told, this acts like a very overbought market breaking. The Gold Silver Ratio geysered today to 33.784, and now at 35.164. That offers the surest sign of a break.

Key reversal must put second piece in place tomorrow by closing lower. If so, you have your reversal and the correction has begun.

Interestingly, both the Dow and SP500 posted the first half of key reversals today, not the enthusiastic kind but the lethargic kind. There, nonetheless.

What pushed all the water off the escarpment? Not the US dollar. Dollar index close 73.064, down 2.9 basis points and not threatening anybody. Euro closed up again, yen not much changed. Dollar could turn around at any moment, though.

Or maybe the catalyst was the alleged killing of Obama ben Ladin, errr, make that Osama Ben Laden. I can’t tell one enemy of America from another. Anyhow, maybe the threat of peace and all the damage that would do to the Warfare/Welfare state’s economy broke stocks. Who knows any more?

Remember that if silver or gold close above previous highs, that invalidates any reversal. On the other hand, gold has a safety net about $1,445, although $1,505 might catch it for a small kiss. Beyond that lieth $1,380.

Silver’s longer term chart shows a magnificent waterfall, falling clean from 4800c thru the 20 DMA at 43.16, and closing a bit above the 20dma. Damage is done. First support after 4400c appears at 4200, but ’tis faint. Stronger lurks at 3800c, then 3360c, latter being most likely target.

Don’t bother throwing any tantrums or scorching emails my way. I call ‘em as I see ‘em, whether you like it or I like it or any of those fuzzy-brained internet gurus like it. Res ipsa loquitur.

Have to run — my wife is taking me to the waterfall. Sorry, no commentaries for the next two days.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 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.

Article source: http://feedproxy.google.com/~r/SilverAndGoldPrices/~3/KrX2nLTj5ms/waterfalls-showed-up-in-silver-and-gold.html

Gold Price Close Today : 1540.10
Change : (16.60) or -1.1%

Silver Price Close Today : 42.576
Change : (3.502) or -7.6%

Gold Silver Ratio Today : 36.17
Change : 2.389 or 7.1%

Silver Gold Ratio Today : 0.02764
Change : -0.001955 or -6.6%

Platinum Price Close Today : 1846.70
Change : 23.70 or 1.3%

Palladium Price Close Today : 766.04
Change : 1.04 or 0.1%

SP 500 : 1,356.52
Change : -4.60 or -0.3%

Dow In GOLD$ : $171.91
Change : $ 1.85 or 1.1%

Dow in GOLD oz : 8.316
Change : 0.090 or 1.1%

Dow in SILVER oz : 300.82
Change : 22.87 or 8.2%

Dow Industrial : 12,807.51
Change : 0.15 or 0.0%

US Dollar Index : 73.15
Change : 0.104 or 0.1%

Moneychanger’s trip was rained on and it’s no fun hiking to waterfalls in the drizzle.

For SILVER today saw another waterfall. Today’s close takes the SILVER PRICE down 725c in 2 days. Yesterday’s reversal was confirmed. The SILVER PRICE is targeting 3400c unless it closes above 49.75.

The GOLD PRICE has not yet broken it’s 20 moving average ($1,489.78). Continued drop and lower close today confirms yesterday’s key reversal downward in the gold price. Target somewhere from $1,445-$1,382.

Dollar Index rose to 73.145 up 10.4 basis points. It is completing the right shoulder of an upside down head and shoulders with neckline at 73.30. Once it Clears that it will rise at least to 73.90. Probabably though, from a longer view, completing this upside down head and shoulders will mark the beginning of a much longer dollar rally.

Stocks are rolling over downside. Silly NGM manipulation jacked dow up to unchanged at closing. Might as well be King Canute commanding the tide to go out. Stocks will fall.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 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.

Article source: http://feedproxy.google.com/~r/SilverAndGoldPrices/~3/BxNDmwrsXOI/silver-price-targeting-34-and-gold.html

Gold Price Closed at 1514.90 -1.7% Silver Price at 39.38 -8.1%

Gold Price Close Today : 1,514.90
Change : -25.20 or -1.7%

Silver Price Close Today : 39.38
Change : -3.19 or -8.1%

Platinum Price Close Today : 1,827.30
Change : -35.20 or -1.9%

Palladium Price Close Today : 746.60
Change : -35.60 or -4.8%

Gold Silver Ratio Today : 38.47
Change : 2.29 or 1.06%

Dow Industrial : 12,807.51
Change : 0.15 or 0.0%

US Dollar Index : 73.10
Change : 0.07 or 0.1%

posted by Franklin Sanders at 7:17 PM

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Article source: http://feedproxy.google.com/~r/SilverAndGoldPrices/~3/9mshzl2Wd6M/gold-price-closed-at-151490-17-silver.html