With Gold Prices Like These, The Market is Handing You a Gift Labelled "Last Chance"

With Gold Prices Like These, The Market is Handing You a Gift Labelled "Last Chance" 

Gold Price Close Today : 1338.30
Change : 13.90 or 1.0%

Silver Price Close Today : 23.544
Change : 0.419 cents or 1.8%

Gold Silver Ratio Today : 56.84
Change : -0.429 or -0.7%

Silver Gold Ratio Today : 0.01759
Change : 0.000132 or 0.8%

Platinum Price Close Today : 1700.00
Change : 26.00 or 1.6%

Palladium Price Close Today : 609.25
Change : 18.75 or 3.2%

S&P 500 : 1,185.62
Change : 2.54 or 0.2%

Dow In GOLD$ : $172.44
Change : $ (1.30) or -0.7%

Dow in GOLD oz : 8.342
Change : -0.063 or -0.7%

Dow in SILVER oz : 472.15
Change : -0.77 or -0.2%

Dow Industrial : 11,164.05
Change : 31.49 or 0.3%

US Dollar Index : 77.13
Change : -0.282 or -0.4%


I hardly want to talk about the SILVER PRICE and the GOLD PRICE today because I can't get clear in my own mind what they intend to do. It appears to have risen off the Friday bottom in rallying mode, and to have made a peak and A-B-C correction today. Question is, has gold finished the correction that began at $1,386, or will it make one more downmove before it resumes rallying. I've watched this enough before to know that surprises await the unwary, and sometimes even the ultra-wary. Key support is 1,335, so watch that. If gold can't defend that, it will make another leg down. Up above $1,349 is the hurdle gold must breach. If it climbs over that, it will attract buyers and move higher.

Today on the Comex the GOLD PRICE closed at $1,338.30 by adding $13.90 to Friday's close. Silver added 41.9c to reach 2354.9 when Comex shuttered its doors.

With its 2280c low Friday, silver's 5-day chart looks much like gold's. The SILVER PRICE has traced out new support at 2340c, so tomorrow must hold that level or sink. Above silver has been stopped by 2380c, then 2400c. Another down day tomorrow wouldn't surprise me, now would another strong up day. Until silver breaches 2400c, the picture isn't clear.

Does it really matter? At these prices or at lower the market is handing you a gift labelled "Last Chance".

The US DOLLAR INDEX must have enjoyed a wild weekend because it was hung over today. The dollar broke 76.85, which could signal that it will drop further. It touched 76.70 today, enough to break 76.85, but maybe not enough to change the trend, that is, to break down. Dollar actually spent the whole day climbing in the US market, and ended the day down only 28,.2 basis points at 77.131. That 77 line is beginning to feel important -- not bad performance that the Dollar closed higher than that 77. For now, the dollar is wallowing in a deep swamp and odds slightly favour it sinking.

The DOW JONES INDUSTRIAL AVERAGE tried to clear 11,200 today but failed wretchedly at day's end. Sure, it rose 31.49 to 11,164.05 (S&P500 clumb 2.54 to 1,185.62), but that doesn't shine any shoes when you learn that the high was 11,247.60.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 2010, 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.
 

While the Dollar Rose Lustily Today, the Gold Price Was Not Disturbed, and Silver Positively Rioted

While the Dollar Rose Lustily Today, the Gold Price Was Not Disturbed, and Silver Positively Rioted

Gold Price Close Today : 1338.00
Change : (0.30) or 0.0%

Silver Price Close Today : 23.824
Change : 0.280 cents or 1.2%

Gold Silver Ratio Today : 56.16
Change : -0.681 or -1.2%

Silver Gold Ratio Today : 0.01781
Change : 0.000213 or 1.2%

Platinum Price Close Today : 1700.00
Change : 0.00 or 0.0%

Palladium Price Close Today : 629.05
Change : 19.80 or 3.2%

S&P 500 : 1,185.64
Change : 0.02 or 0.0%

Dow In GOLD$ : $172.57
Change : $ 0.14 or 0.1%

Dow in GOLD oz : 8.348
Change : 0.007 or 0.1%

Dow in SILVER oz : 472.38
Change : 3.72 or 0.8%

Dow Industrial : 11,169.40
Change : 5.41 or 0.0%

US Dollar Index : 77.71
Change : 0.605 or 0.8%

The SILVER PRICE and the GOLD PRICE have me bracing for another leg down, but I am always a little late to catch on and a little leery after a peak. The 5-day chart looks healthy enough and might have completed its decline, but the six month chart is calling for another leg down. gold is standing on its 20 DMA at $1,341.43, but well above its 50 DMA at $1,290.48. Today gold made a slightly lower low than yesterday's, falling to $1,328 about 9:30 then climbing briskly to $1,342 and backing off to trade sideways the rest of the day. Comex closed a bewildering $1,338.00, down a piddling 30 cents.

SILVER also made a lower low today at 2317c, but popped up off that low like a basketball held under water. When Comex closed silver had risen 28c to 2382.4c, and it rose further in the aftermarket, to 2420c.

On its six month chart silver is squatting above its 20 DMA (2323c), and hints at one more down leg, perhaps something fit to terrorize everyone for a day.

Merciful heavens! I'm tired of breaking my head with this, because six months from now 'twill appear a small and risible worry. Why? Because silver and gold are in a primary uptrend, and whatever little jiggles they make today, in six months they will most likely be higher.

The DOW and S&P500 today looked plumb silly. Nice Government Men, you ought to be ashamed of yourselves! Y'all can make a better show than that! The Dow spent the entire day down, as low as 11,087, then in the last few minutes of trading rose to -- get this -- plus 5.41 at 11,169.40. S&P500 was even sillier, rising an infinitesimal 0.02 to 1,185.64. Stocks will break soon, and when they do you do not want to be riding them.

The US DOLLAR INDEX decided to make good on its threat and rise after all. It climbed today 60.5 basis points (0.78%) crashing through 77.40 resistance and 77.65 resistance. That looks like a confirmed double bottom at 76.85 (Thursday) and 76.70 (Monday), with a rise up off the bottom to a new high. Dollar also cleared its 20 DMA at 77.56 and is ready to chase the 50 DMA, now at 80.14.

But carefully observe that while the dollar rose lustily today, the GOLD PRICE was not disturbed, and SILVER positively rioted.

Also I say this because over the years I have watched investors make mistakes. Two of the biggest mistakes arise from not understanding what a bull market (primary trend) does: it makes prices rise generally, and often unexpectedly, and always against opposition that tells you the bull market is about to end. So investors make two mistakes: they delay buying, waiting for the bottom of a correction. When the correction comes, their greed seduces them to wait just a little longer and sure enough, the market runs away from them before they can ever make up their minds to buy. The other mistake is worse, to try to sell the highs and buy back the lows. Nobody can successfully do that more than a couple of times a decade, and worse, that strategy negates the benefit of a bull market. Worst of all, sooner or later you will sell a peak that turns out NOT to be a peak, you lose your position, and the market runs away from you.

Then what is the wisest strategy for a bull market? Get right, and stay right; get long, and stay long; get long, and get longer. Buy and hold for the ultimate peak, not for the chiselling in-betweens.

Oh, yes, there's one more secret: sell at the peak. Don't fall in love with your bull market investment, because everything has its time and season, and its end. And NEVER confuse a bull market with investing genius.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 2010, 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.

Unlike the Gold Price, the Silver Price Has Traced out a Clear Uptrend off Last Friday's Low

Unlike the Gold Price, the Silver Price Has Traced out a Clear Uptrend off Last Friday's Low

Gold Price Close Today : 1322.20
Change : (15.80) or -1.2%

Silver Price Close Today : 23.398
Change : (0.426) cents or -1.8%

Gold Silver Ratio Today : 56.51
Change : 0.347 or 0.6%

Silver Gold Ratio Today : 0.01770
Change : -0.000109 or -0.6%

Platinum Price Close Today : 1675.60
Change : -24.40 or -1.4%

Palladium Price Close Today : 617.15
Change : -11.90 or -1.9%

S&P 500 : 1,182.42
Change : -3.19 or -0.3%

Dow In GOLD$ : $173.95
Change : $ 1.41 or 0.8%

Dow in GOLD oz : 8.415
Change : 0.068 or 0.8%

Dow in SILVER oz : 471.45
Change : -5.83 or -1.2%

Dow Industrial : 11,126.28
Change : -43.18 or -0.4%

US Dollar Index : 78.12
Change : 0.410 or 0.5%

My suspicions yesterday bore fruit today in a large gold plunge, back to the $1,320 support.

Overnight, in Asia, the GOLD PRICE hit air and fell from $1,340 with two gaps. That fall never stopped until 11:00 at $1,319.50. It rose to $1,324, then touched off $1,320 once more (double bottom?) then climbed to oscillate around $1,325. If gold ever intends to hit $1,300, or even the $1,292.50 fifty day moving average, tomorrow would be a likely time. Arguing against that is the intraday low last week at $1,315.50, which makes today's action so far a double bottom. Looks more likely to me to fall a bit further. Likewise, if gold has in mind falling much further, that aim ought to be made clear tomorrow by breaking through the 50 DMA.

Like the GOLD PRICE the SILVER PRICE posted a gap down (only one) in Asian trading. Unlike gold, silver has traced out a clear uptrend off last Friday's low at 2280c, with rising lows at 2320c yesterday and 2355c today. That trend is accompanied by rising highs, too: 2380c on Monday and 2420c yesterday. Therefore a break below today's 2355c low would drag silver lower. The 20 day moving average, which stopped silver last Thursday at 2285, now stands at 2315c. Today's chart shows double bottoms at 11:00 and 1:30, and I have to admit that might be the point where it turned around. However, silver will have to prove that tomorrow. I think that 2250c is a number we must still keep an eye on. A close tomorrow above 2420c points to higher prices.

The US DOLLAR INDEX made good its threatened rise today, shoving 77.80 aside and touching 78.27. Now it is trading at 78.118 up 41 basis points. Clearly the dollar is rallying, most likely toward 80. That strews tacks on the road ahead of silver and gold, never mind stocks.

Saggy old Dow looks like a big bowl today, sinking down to 11,023, the rising enough to close at 11,126.28, down 43.18. S&P500 fell 3.19 to 1,182.42. They will keep stretching until finally they break. Stay away from stocks.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 2010, 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.

Stop waiting - Time to buy Gold and Silver, Assuming Silver and Gold Prices Follow Through Tomorrow

Stop waiting - Time to buy Gold and Silver, Assuming Silver and Gold Prices Follow Through Tomorrow

Gold Price Close Today : 1342.10
Change : 19.90 or 1.5%

Silver Price Close Today : 23.871
Change : 0.471 cents or 2.0%

Gold Silver Ratio Today : 56.22
Change : -0.281 or -0.5%

Silver Gold Ratio Today : 0.01779
Change : 0.000089 or 0.5%

Platinum Price Close Today : 1692.70
Change : 17.00 or 1.0%

Palladium Price Close Today : 629.25
Change : 12.10 or 2.0%

S&P 500 : 1,183.78
Change : 1.33 or 0.1%

Dow In GOLD$ : $171.18
Change : $ (2.75) or -1.6%

Dow in GOLD oz : 8.281
Change : -0.133 or -1.6%

Dow in SILVER oz : 462.79
Change : -3.40 or -0.7%

Dow Industrial : 11,113.95
Change : -12.33 or -0.1%

US Dollar Index : 77.29

Change : -0.861 or -1.1%


I couldn't get SILVER or GOLD right today, either. Saw them rising, waited till they convinced me they really had turned around, and managed to buy near the day's high. Good work, Moneychanger.

Five day GOLD PRICE chart appears to have formed most of an upside-down head and shoulders, with the left shouder bottoming Tuesday at $1,328, the head troughing yesterday just under $1,320, and a rise today back to the neckline about $1,345. If that's an accurate reading, tomorrow gold will dip to form the right shoulder, bottoming about $1,330, maybe $1,335. Next week or tomorrow it will climb back up to the neckline. Then 'twill break through and leave everybody in the dust like when the bell rings at the Kentucky Derby.

The GOLD PRICE rose 19.90 to close Comex at $1,342.10. It will take a close below $1,320 to turn gold down.

The SILVER PRICE 5-day chart does not mirror gold's. Rather, silver has established an uptrend and day by day keeps validating that uptrend line. However, resistance at 2400c stopped silver today. Comex settled silver at at 2387.1c, up 47.1c. Silver's Tuesday peak at 2420c presents the next hurdle. I think we have seen the bototm of the move. Y'all will know I'm dead-wrong if silver closes below 2320c, because that event would turn the trend down.

Stop waiting. Time to buy, assuming the SILVER PRICE and the GOLD PRICE follow through tomorrow.

These are markets that will slice your throat and grin at you while waiting for your head to topple off your shoulders. Be careful.

After yesterday's bold start the dollar index fell 86.1 basis points to 77.288 right now, a loss of 1.11%. Goodness, I understand that the rally from Monday was complete and a correction must follow, but the dollar gave up most of its gains. That is a full 62% of the foregoing gain.

Anyhow, let's ponder this mess. The dollar has established support around 72.20, so as long as it can cling to life above that point, it can continue to "rally". A close below that point makes the dollar doubtful, a close below 76.70 makes the dollar doomed. Expect it to continue its teasing rally.

I don't care how many times the Nice Government Men goose the stock market, they can't hide a trend and they cannot succeed against a primary downtrend. The Dow peaked Monday on the 5-day chart around 11,250, and since then has made a series of lower lows and lower highs, which, definitionally and mathematically, constitutes a "downtrend." Have y'all observed how every day the Dow erodes a bit more? Tomorrow don't expect it to beat 11,150, but a bottom number is wide open. Today the Dow closed at 11,113.95, down 12.33, up off the day's low by 62 points but still lower for the day. Did I mention that most of that gain came near closing time? How forgetful I am. S&P500 closed up 1.33 at 1,183.78.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 2010, 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.

This Gold Price Should Reach $1,600 in January, February or March

This Gold Price Should Reach $1,600 in January, February or March

Gold Price Close Today : 1,357.10
Gold Price Close 22-Oct : 1,324.40
Change : 32.70 or 2.5%

Silver Price Close Today : 2456
Silver Price Close 22-Oct : 2312.5
Change : 143.50 or 6.2%

Gold Silver Ratio Today : 55.26
Gold Silver Ratio 22-Oct : 57.27
Change : -2.01 or -3.5%

Silver Gold Ratio : 0.01810
Silver Gold Ratio 22-Oct : 0.01746
Change : 0.00064 or 3.6%

Dow in Gold Dollars : $ 169.12
Dow in Gold Dollars 22-Oct : $ 173.76
Change : $ (4.65) or -2.7%

Dow in Gold Ounces : 8.181
Dow in Gold Ounces 22-Oct : 8.406
Change : -0.22 or -2.7%

Dow in Silver Ounces : 452.05
Dow in Silver Ounces 22-Oct : 481.41
Change : -29.36 or -6.1%

Dow Industrial : 11,102.40
Dow Industrial 22-Oct : 11,132.56
Change : -30.16 or -0.3%

S&P 500 : 1,182.66
S&P 500 22-Oct : 1,183.08
Change : -0.42 or 0.0%

US Dollar Index : 77.120
US Dollar Index 22-Oct : 77.486
Change : -0.37 or -0.5%

Platinum Price Close Today : 1,707.80
Platinum Price Close 22-Oct : 1,674.00
Change : 33.80 or 2.0%

Palladium Price Close Today : 646.90
Palladium Price Close 22-Oct : 590.50
Change : 56.40 or 9.6%


Y'all just gaze upon the table above, remembering that the week's end is the score board, and the only thing that counts is what score you put on the board.

Who scored? Big winner for the week is palladium gaining 9.6%. Silver placed second with an amazing 143.5c or 6.2% rise. The dollar and stocks all lost ground, and the gold/silver ratio took a whopping 2 point drop.

Today poor economic news for the US sent all the wise-guys back to short more dollars. Buck fell 18.8 basis points or 0.24%. However, look at the Euro. It peaked two weeks ago at 141.51 and today is at 139.16. I would not be short-selling dollars now, because when "everybody knows" a market is going down, they've all already sold it, so whence cometh the new sellers come from to drive the price lower? The Dollar Index may fall all the way to its last low at 76.14, or even to the December 2009 low at 74.23, but remember that all those shortsellers make a sudden, sharp countertrend rally a virtual certainty. Only question is, when. However, the dollar has come close to nixing any potential for a big rally soon. If the dollar breaks 76.70, it will fall; if it breaks through 78.25, it will rally.

The Dow chart today on www.nasdaq.com looks like rags hung out to dry over a fence. Clearly the market's desire was to lay down, since most activity took place below the unchanged line, with only a few little ragged blips above. At day's end the Dow closed down 11.55 at 11,102.40, not sounding as sick as it really was. S&P500 closed at 1,182.66, down 1.12. By the way, even if I thought stocks were about to rally intensely, I still wouldn't buy them. They are imprisoned in a primary down trend, and will remain in that grip for another 5 years. Never invest against the primary trend.

My biggest failing is not following my own advice. That silver today pierced 2402c and did precisely what I said it would, it shot straight up, from 2420c to 2456c at Comex close (up 68.9c) to 2474c in the aftermarket. Weekly chart is also strong as a garlic milkshake. Assuming that silver early next week exceeds the last intraday high at 2490c and so avoids making a double top, the flight skyward hath resumed.

I reckon that all those folks who rushed to sell dollars today at the same time rushed to buy gold. It broke through 1345 resistance before New York opened, shot up, wavered and retreated to 1342.50 about 9:45, meandered and then about 12:30 shot higher, but couldn't breach $1,360. A close through $1,387.10 would confirm that the correction has ended. On Comex gold today closed up $15 at $1,357.10.

Only fly in this ointment is the possibility that I have misinterpreted events and that today was not the beginning of another wave up but rather the top of a B-leg in an ABC correction, because they always look very strong. A silver close above 2490 on Monday would pick that fly out of the ointment. A sharp drop on Monday would confirm that fly really was present.

Looking farther out, I am still expecting a January, February, or March top to this rise. That should reach $1,600 gold and 3400 - 3900c silver.

On this day in 1929, Black Tuesday, a stock market crash ushered in the Great Depression. The Agricultural Depression had already been running for 8 years.

On this day in 1945 the first ball point pens went on sale in New York City for US$12.50 each, the equivalent of $152.31 today.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 2010, 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 Gold Price and Silver Price are Moderately Positive Closing Above $1,350 and 2450c but Still Indecisive

The Gold Price and Silver Price are Moderately Positive Closing Above $1,350 and 2450c but Still Indecisive

Gold Price Close Today : 1350.20
Change : -6.90 or -0.5%

Silver Price Close Today : 24.548
Change : 0.012 cents or 0.0%

Gold Silver Ratio Today : 55.00
Change : -0.254 or -0.5%

Silver Gold Ratio Today : 0.01818
Change : 0.000084 or 0.5%

Platinum Price Close Today : 1708.10
Change : 0.30 or 0.0%

Palladium Price Close Today : 650.30
Change : 3.40 or 0.5%

S&P 500 : 1,184.38
Change : 1.12 or 0.1%

Dow In GOLD$ : $170.32
Change : $ (0.98) or 0.6%

Dow in GOLD oz : 8.239
Change : 0.047 or 0.6%

Dow in SILVER oz : 455.18
Change : 2.25 or 0.5%

Dow Industrial : 11,124.62
Change : 6.13 or 0.06%

US Dollar Index : 77.28
Change : -0.021 or 0.0%


The SILVER PRICE and the GOLD PRICE waffled today, reacting against Friday's strong gains. At Comex close the silver price had lost 1.2c at 2454.8 while the gold price backed off $6.90 to $1,350.20. Moderately positive is their closing above 2450c & $1,350, but still indecisive. I yet sweat the outcome in both markets, remaining uncertain whether the corrections from $1,386 & 2490c are complete, or whether Friday market only a B-top in an A-B-C correction. Market will have to make itself plain, either by topping those former tops & rising ahead, or by dropping below already-seen correction lows at $1,315 & 2285c. In the late aftermarket, the SILVER PRICE is up 10c and the GOLD PRICE is up a couple of dollars -- no hint there, either.

I'm sending this very late (21:15 Central) because I had to take Susan to Nashville again for another medical appointment. Still, nobody is missing much since nothing happened today, or will likely happen tomorrow, as all markets wait for the US election. The election, of course, will only change the name of the buzzards & tyrants who feed on us, but will not overthrow buzzardy or tyranny. Nonetheless, markets abhor uncertainty, even the infinitesimal uncertainty about whether we will be robbed and waylaid by R-people or D-people.

US dollar index today traded from a low of 76.75 (overnight) and 77 in US intraday trading to a high of 77.305. Right now it's trading at 77.275, down a minuscule 2.1 basis points, practically unchanged. Now, now, now, remember the market proverb, "Buy the rumour, sell the news." The rumour lately driving markets was that Bonzai Bernanke would inflate the US dollar away through Quantitative Easing II. The news will be contained in the Fed's Open (actually "secret") Market Committee meeting on Wednesday. Will BB follow through, or not? What will the markets do? Suppose Republicrats win? Will that change his itty mind? Who knows, but we all know that no election will change the nature of the American economy & its monetary system, where one-half (1/2) the income of nearly every state consists of 20-25% state & local government spending, about 30% direct Federal spending, and another 5 - 15% Federal government loans & loan guarantees.

There 'tis, folks: you have no economy. You have half the people whittling, gazing at TV, indoctrinating, investigating, watching, suspecting, regulating, and writing tickets to the other half, who actually produce something. You think Republicans will change that? Right, about the same time the Devil starts selling ice-skating concessions in hell. It would take 20 years of careful maneuvering to switch back to a productive economy, or 3 years of pure hell, & a long sight of vision and statesmanship. Where will that come from?

On the bright side, Citizens, the Dow rose 6.13 points today to close at 11,124.62 while the S&P500 smiled on America with a 1.12 point rise to crest at 1,184.38. Comrades! How can economy suffer when stock market is booming? Iss wonderful Potemkin stock market, hundreds of wet- cardboard companies, chust don't poke finger thorugh them

So y'all relax, and watch the election results. On second thought, take your spouse & children out to eat and enjoy their company, a far more precious & profitable way to spend your time.

On this day in 1500 was born Italian goldsmith and sculptor Benvenuto Cellini.

Argentum et aurum comparanda sunt -- -- Silver and gold must be bought.

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 2010, 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 or 18 ounces of silver. or 18 ounces of silver. US $ and US$-denominated assets, primary trend down; real estate bubble has burst, primary trend down.
 

 

The Gold Price Rising Regardless of What They Do Tomorrow or This Week, Gold is Relentlessly Pursuing $1,600 and Silver 3400c

The Gold Price Rising Regardless of What They Do Tomorrow or This Week, Gold is Relentlessly Pursuing $1,600 and Silver 3400c

Gold Price Close Today : 1356.40
Change : 6.20 or 0.5%

Silver Price Close Today : 24.832
Change : 0.284 cents or 1.2%

Gold Silver Ratio Today : 54.62
Change : -0.379 or -0.7%

Silver Gold Ratio Today : 0.01831
Change : 0.000126 or 0.7%

Platinum Price Close Today : 1718.00
Change : 9.90 or 0.6%

Palladium Price Close Today : 645.50
Change : -4.80 or -0.7%

S&P 500 : 1,193.57
Change : 9.19 or 0.8%

Dow In GOLD$ : $170.52
Change : $ 0.22 or 0.1%

Dow in GOLD oz : 8.249
Change : 0.010 or 0.1%

Dow in SILVER oz : 448.72
Change : 0.67 or 0.1%

Dow Industrial : 11,188.72
Change : 64.10 or 0.6%

US Dollar Index : 76.69
Change : 0.609 or 0.8%

I'm staring at the SILVER PRICE and GOLD PRICE and trying to figure out whether there are surprises in the world -- or not.

Gainsaying my yesterday's expectation, silver rose a respectable 28.4c today to 2483.2c and gold rose $6.20 to $1,356.04. So much for a quiet day awaiting election results.

SILVER is so strong it startles even me. That's good. On Comex it rose 28.4c to close at 2483.2c, but in the aftermarket silver bested its old 2490c high and touched 2505c. Right now at 2495c. Only caution I have to thrown on this party is that if this were a B-up corrective wave, it would look every bit this strong and it might exceed the previous high. Silver really won't confirm that it is resuming a rally until it closes above 2540c. We might see that tomorrow, or silver and gold might sag in the wake of elections. No mind can parse the heart of democracy, the voice of the people, or how frequently another sucker is born.

Crawling out of these bushes, let me point to the horizon, where shortly you will see the SILVER PRICE and the GOLD PRICE rising (I doubt not), regardless what they do tomorrow or this week. Gold is relentlessly pursuing $1,600 and silver 3400c.

Don't let them leave without you.

The US DOLLAR INDEX is leading the race to the bottom, yet even there only squishy ambiguity meets us. Existing support is around 76.70, and the buck dropped 60.5 basis points (0.78%) to trade at 76.687. That equals the low of 25 October, but -- watch, now! -- doesn't exceed it. Therefore, it might follow through tomorrow and fall like your stock with your girlfriend's Mama when she catches you eating peas with a knife, or that might be the final kiss good-bye where the dollar touches back to support and shoots up. Honestly, I don't know which, and markets are goofy, and not logical.

About all I know is that the dollar won't remain here. . . I don't think.

STOCKS must be driven by the dopiest bunch of optimists on earth. The Dow rose today 64.10 to 11,188.72. S&P500 kept it company with a 9.19 point rise to 1,193.57. Dow looks like a double top, but if it rises tomorrow through 11,250, then obviously it won't be a double top. Stay out of stocks. The bear is hungry for more victims: don't become one by investing in stocks.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 2010, 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.

Gold Price Charts from goldprice.org

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Silver Price.org live silver price site

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People in Silver Price.org works very hard to keep going with the price of gold and silver .

 

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If you planing to buy , buy when the price run-down . Not when it's run-up !
Keep going to be rich .

My advice to Buy Gold

Hello Again .. Today I will give some advice to you before you Buy Gold .

I don't like to see you lose your money . so , please just take my advices .

1 . Do not buy from someone who is unreliable. check the seller Carefully before you buy the gold

2 . One of the largest problems buying gold coins is a collection of grades. Maybe you have the idea of a MS65 to be different from the merchant. Currencies of many of the large gap in value between the rows. Avoid the problem by purchasing the only coins which are classified by one of the third-party rating services. Make sure that only accepts a major services (ANACS, NCG, PCGS, NCS, ICG) degrees, and there are some lesser known grading services credits which may be suspect. Should also want to grades has been done in the recent past. Classification criteria have changed over time and what was the MS65 five or ten years, may just be the MS63 or 64 today.

3 . invest regularly in gold not bars, coins , Why ? becuase because of making and processing charges involved in jewellery price .


and here some links to a professional tips and advices :
http://www.suntimes.com/business/savage/1787838,CST-NWS-savage24.savagearticle
http://goldprice.org/buying-gold/2009/08/tips-on-buying-gold.html
http://ezinearticles.com/?6-Tips-to-Buy-Gold-Coins-on-EBay-Safely&id=1397315

Keep in touch .

News for Buy Gold and Gold Price

As we know , gold price related and affected by politics news , oil prices and Economic News .


So, If you Interested to go with gold buy and sell , you must run always after politics news , oil prices and Economic News which related to gold .
Iam here to give you some of links which you can read and learn every thing will make changes in gold price or affect it in a way or another .


Here we go :
http://www.bangkokpost.com/business/economics
http://www.theglobeandmail.com/globe-investor/markets/
http://www.theaustralian.com.au/business/economist-tips-gold-price-to-keep-rising/story-e6frg8zx-1225881559620
The rest in your hands , predicted the price of gold in the near future .


with all my greetings.

Gold Price Reached $1,258.30 per Troy Ounce as a new Record

Gold Price new Record

Gold Price on Friday closed at $1,258.30 per Troy Ounce as a new Record in Gold Price .

James Turk a gold expert expect that gold may reach $1,500 and $1,800 per ounce during this year (2010) .

after Friday's record , Spot gold trading at $1258.9 a troy ounce, up 0.1% from Friday's close. reach another record of $1,265.05 an ounce.

Before 7 weeks ago Iam personally predicted that the gold price will be rise based on the changes and political and economic events in the world.

And I think in 7 weeks from now . It will be starting to decline .