This is the Sort of Price Action That Transfers Metals From Weak to Strong Hands
Good. SILVER & GOLD rose today. Silver is staying above 1310 and gold above 667, but until they move either sharply higher or sharply lower, there's not must else to do but wait. A lot of people are piling in, buying silver & gold. This is the sort of price action that transfers metals from weak to strong hands. Personally, I'm a buyer here, but I'm aware of the downside risk, too.
The US DOLLAR INDEX fell below 82 today & all the bears piled on. However, too quickly, I suspect. A reaction back from the 82.35 resistance toward the point where the buck bottomed earlier is usual. Unless it breaks 81.40, it will be a successful test, and the dollar will resume its upside course.
For the second day now the Dow has risen slightly while the S&P has fallen slightly. That's just the sort of straw in the wind that might mean a tornado is on the way.
What makes me think stocks are not about to run off and leave gold in the dust? the Dow in
Gold Dollars. The DiG$ keeps fiddling, trapped below G$415 - G$417 resistance. Considering the run stocks are having, and the slams gold has taken, that's a strong performance for gold against stocks.
Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.
- Franklin Sanders, The Moneychanger
"Buy Silver and Gold Coins at the Best Prices"
http://the-moneychanger.com/
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 $1,250.00; silver's primary is up targeting 16:1 gold/silver ratio or $78.13; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate in a bubble, primary trend way down.
The US DOLLAR INDEX fell below 82 today & all the bears piled on. However, too quickly, I suspect. A reaction back from the 82.35 resistance toward the point where the buck bottomed earlier is usual. Unless it breaks 81.40, it will be a successful test, and the dollar will resume its upside course.
For the second day now the Dow has risen slightly while the S&P has fallen slightly. That's just the sort of straw in the wind that might mean a tornado is on the way.
What makes me think stocks are not about to run off and leave gold in the dust? the Dow in
Gold Dollars. The DiG$ keeps fiddling, trapped below G$415 - G$417 resistance. Considering the run stocks are having, and the slams gold has taken, that's a strong performance for gold against stocks.
Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.
- Franklin Sanders, The Moneychanger
"Buy Silver and Gold Coins at the Best Prices"
http://the-moneychanger.com/
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 $1,250.00; silver's primary is up targeting 16:1 gold/silver ratio or $78.13; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate in a bubble, primary trend way down.
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