The Gold Price Broke Out, So Buy

Gold Price Close Today : 1,485.30 Gold Price Close 8-Apr : 1,473.40 Change :
11.90 or 0.8% Silver Price Close Today : 4256.6 Silver Price Close 8-Apr : 4060
Change : 196.60 cents or 4.8% Gold Silver Ratio Today : 34.894 Gold Silver Ratio
8-Apr : 36.291 Change : -1.40 or -3.8% Silver Gold Ratio : 0.02866 Silver Gold
Ratio 8-Apr : 0.02756 Change : 0.00110 or 4.0% Dow in Gold Dollars : $ 171.79
Dow in Gold Dollars 8-Apr : $ 173.69 Change : $ (1.91) or -1.1% Dow in Gold
Ounces : 8.310 Dow in Gold Ounces 8-Apr : 8.402 Change : -0.09 or -1.1% Dow in
Silver Ounces : 289.98 Dow in Silver Ounces 8-Apr : 304.93 Change : -14.95 or
-4.9% Dow Industrial : 12,343.16 Dow Industrial 8-Apr : 12,380.05 Change :
-36.89 or -0.3% S&P 500 : 1,319.68 S&P 500 8-Apr : 1,328.17 Change : -8.49 or
-0.6% US Dollar Index : 74.873 US Dollar Index 8-Apr : 74.869 Change : 0.004 or
0.0% Platinum Price Close Today : 1,791.50 Platinum Price Close 8-Apr : 1,810.90
Change : -19.40 or -1.1% Palladium Price Close Today : 769.70 Palladium Price
Close 8-Apr : 796.25 Change : -26.55 or -3.3% Just the facts, ma'am. What says
the scoreboard at week's end? The SILVER PRICE blew past everybody else with a
196.6c gain, or 4.8%. The GOLD PRICE gained less in a week of correction. The
gold silver ratio fell 3.8%. Stocks and the US dollar were flat as Blundering
Ben Bernanke's head. STOCKS ended the week lower than they began, a net loss.
This market has double-topped, and it's doubtful -- as doubtful as a hog
learning table manners -- that stocks will go higher before they go lower. The
Dow in Gold Dollars has worked down to the verge of support of the last six
month's range. Today it closed at G$171.79 or 8.310 ounces of gold to buy the
Dow. I won't even talk about stocks in silver, which this week fell from 304.93
ounces to buy the Dow to 289.98, another new low. These indicators are hinting
that stocks are about to lose value sharply to silver and gold. The US DOLLAR
INDEX stole back today about 2/3 of what it lost yesterday. Watching the dollar
the last few days has been almost as much fun as waiting for eggs to hatch. It
has been chained in a tight range of 74.65 to 75 -- aww, be generous and call it
75.10. Can't move. This might show the dollar trying to begin bottoming, but if
it closes below 74.25, it will sink like a safe pushed off the 17th floor. Euro
could not make any headway against this week's new intraday high at 1.4519, and
once again might be making an island reversal. The pride of Japan, the Yen,
gained this week at least back to the range it had traded in from November
through March. Closed today at Y83.04/$ (120l.42c/Y100). Nothing much remains to
be said about gold. It set up what resembles an upside down head and shoulders
from November through March, and broke out this past week through the neckline
headed for at least $1,525, maybe $1,600. Y'all can argue with that if you want,
but it will get you no further than arguing with a steam roller. Today alone the
gold price rose $13.60 to $1,485.30 and in the aftermarket is trading $1,486.40.
I checked out the 20 and 200 day moving averages and gold's position relative to
those is NOT YET overbought, not at all. That whispers that gold can rise much
higher. Logic and sound trading strategy demand you buy (1) on a correction
toward the bottom channel line, or (2) on a breakout. The gold price broke out,
so buy. Volatile SILVER has become manic. Not only did it rise 4.8% this week,
it added 90.5c today alone to close on Comex at 4256.6c. In the aftermarket it
rose to 4304.5c. Clearly the SILVER PRICE is on some wild tear I can't quite
parse, yet I checked its relation to the 20 and 200 day moving averages, and it
has not yet reached the extreme overbought levels of previous peaks. That
suggests the silver price can climb quite a bit more. If gold reaches $1,600 and
the gold/silver ratio drops to 32, that brings us to $50 silver. Yet some time
not too far distant there will come a correction. That's why I recommend locking
in your silver profits IN OUNCES OF GOLD by swapping silver for gold now. SILVER
will go higher next week. Seasonal charts warn that some peak may lie close
ahead. SPECIAL OFFER: Modern issue US commemorative $5 and $10 gold pieces carry
no appreciable premium over gold. I bought some and want to move them on, so I
can sell them at $372 for the $5 and $744 for the $10 Olympic commemorative. The
gold $5 commem contains 0.2418 ounce of gold and the gold $10 contains 0.48375
oz, so I'm selling these at a 3.5% premium over their gold content. I will sell
lots of Seven (7) each $5 gold commems for $2,604 plus $25 shipping. A $10 gold
counts as two $5 golds, so you can order one $10 and five $5s and that equals
Seven $5s. I have only forty-seven (47) of the $5s and nine (9) of the $10s.
Once they are gone I cannot re-order at these prices. Here are two other
specials: I have only Fifty-two each Netherlands ten guilders containing 0.1947
oz fine gold. I'll sell these in lots of Eight (8) coins at $299.50 each plus
$25.00 shipping, or a total of $2,421. No re-orders or back-orders at these
prices, which are 3.5% over melt. In the back of the drawer were Seven only
pre-1915 German 20 marks with 0.2304 ounces of gold each. I will sell this lot
of seven for $354.50 apiece plus $25 shipping or a total of $2,506.50 (3.5%
premium over gold). Also hidden back there were 80 Swiss 20 francs and 90 French
20 francs. Twenty francs contain 0.1867 troy ounce of fine gold. I'll sell them
at a 4.5% premium over gold or $290.00 each in lots of ten coins each plus $25
shipping for $2,925.00. I also have a lot of Fifteen Italian 20 Lira, same
0.1867 troy ounce of gold, as a single lot for $4,375.00 with shipping. We will
not enter orders for less than the minimums shown above. You may order more than
one lot, but not in increments of less than one lot. That is, you may order 8
Netherlands ten guilders or 16 or 24, but not 9 or 17. 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 $1,486.40. Ordering
Instructions: 1. You may order only by e-mail to franklin@the-moneychanger.com
Your email MUST include your complete name, address, and phone number. Please
mention you saw this offer on goldprice.org. We cannot ship to you without your
address. Sorry, we cannot ship outside the United States or to Tennessee. 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 email. 4. If your order is filled , we will email you a
confirmation. If you do not receive a confirmation, you 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 will 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. Next week
several of us will be out of the office and so we will not make any shipments
next week (18-22 April). 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.