Gold Price Closed at $1494.50 and the Silver Price Closed at 43.91

Gold Price Close Today : 1494.50 Change : 2.20 or 0.1% Silver Price Close Today
: 43.919 Change : 0.962 cents or 2.2% Gold Silver Ratio Today : 34.03 Change :
-0.711 or -2.0% Silver Gold Ratio Today : 0.02939 Change : 0.000601 or 2.1%
Platinum Price Close Today : 1771.50 Change : -8.50 or -0.5% Palladium Price
Close Today : 731.70 Change : -3.50 or -0.5% S&P 500 : 1,312.62 Change : 7.48 or
0.6% Dow In GOLD$ : $169.67 Change : $ 0.67 or 0.4% Dow in GOLD oz : 8.208
Change : 0.032 or 0.4% Dow in SILVER oz : 279.30 Change : 1.42 or 0.5% Dow
Industrial : 12,266.75 Change : 65.16 or 0.5% US Dollar Index : 75.07 Change :
-0.438 or -0.6% Merciful Heavens! Will my misstatements never cease? Yesterday I
wrote "swap gold for silver right now," but clearly -- at least, clear to me and
clear to y'all if you would pay attention to what I MEAN and not what I SAY -- I
meant "swap silver for gold right now." Right, the white metal for the yellow
metal. Everything else was correct. Please forgive me. Ain't no cure for haste,
and it catches me every time. I have no proof reader, and sometimes, I clean
lose my brain. TODAY'S MARKETS Editors Note: We picked this up and changed it
during the evening. The Gold Price rose another $2.,20 today to finish on Comex
at $1,494.50 after a high of $1,499.90. Plainly a crowd of sellers is willing to
risk being short gold at $1,500, and gold's momentum has slowed, baffled so far
by that barrier. Think what you like, I say it will at least pierce that barrier
and reach $1,525 before this rally ends, and $1,600 is not out of the question.
The Silver Price refuses to slow down. Gained 96.2c today to close Comex at
4391.9c, and has traded as high as 4418c. Gold/Silver Ratio made another new low
today at 34.029. At the risk of being indicted for stating the obvious, a market
hasn't turned until it has turned. Neither silver nor gold have blinked yet,
much less signaled any turnaround concretely. A trend in force remains in force
until violated, and nobody is writing any tickets to silver or gold yet. US
dollar index fell back off yesterday's peak, but notice it fell not below 75.
Yes, lost 43.8 basis points to end at 75.066, but did not fall below
psychologically important round number 75 and so did not crush morale. It's
okay, as long as it falleth not below 75, it has turned up. Matching the
scrofulous dollar the scabrous euro, Frankenstein of fiat currencies, popped
back above its 20 dma today (1.4274) but did not close the gap left by the
island reversal. Doomed is the word that springeth to mind. The YEN is playing
with its 50 dma (121.16c/Y100) and rose today to trade at Y82.54/$
(121.15c/Y100). Not in danger of running away topside. Dollar appears to have
turned up, yet stocks, for all they bounced today like road kill falling off the
back of a county clean up truck, have broken. Dow in Gold Dollars (DiG$) is
telling you that by touching bottom of range at G$169.67 (8.208 ounces of gold
buy the whole Dow). Like the smell of rain on the wind before the rain arrives,
the DiG$ is shouting that stocks are teetering. I didn't mention it yesterday
because I was too busy and I didn't want to upset y'all, but 2 days ago Standard
and Poor rating service that rates the creditworthiness of bonds, stated that
they were ruminating lowering the credit rating for US government debt. Clearly,
somebody big in the Establishment ain't happy, and is sending a message through
S&P. You may not grasp the depth and force of this signal if you understand not
that US government debt is always assumed (in the financial and academic world)
to be the lowest risk -- virtually risk-free -- instrument in the entire system.
Talk about seismic shifts, this is the tectonic plates of the financial world
dancing like they'd been dating St. Vitus. This is the sign the Donner Party
ignored, "Snow Drifts Ahead." I cannot convey powerfully enough what a shocking
warning this constitutes. Y'all know that I loath alarmists and doom and
gloomers, and I look forward to rebuilding a sane and just economy and society
after heaven settles accounts with the present treacherous, usurping, predatory,
and parasitical set up. Nonetheless, I have to share my alarm about the S&P
announcement. Very bad news. Yet good news fills the world. A few nights ago I
heard the first whip poor will of the year. On this date in 1764 the English
Parliament banned the American colonies from printing paper money. Nobody much
knows this, and those who do don't want to admit it, but when the Declaration
accuses the king of "refusing his assent to laws most wholesome and necessary"
this prohibition against paper money was highest on the list. Colonies had been
cheating their people and other colonies with paper money since Massachusetts
first issued it in 1686. Only after the Continental Congress ruined the country
and nearly lost the war with paper currency did statesmen acquire enough courage
to ban it in Article I, Sec. 10 of the 1787 constitution. Yet today in
outrageous defiance of constitution and laws the Federal Reserve has been
granted a government monopoly on issuing fiat money. Like the devil himself, the
friends of paper money never rest. 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.