Gold Price Close Today : 1458.50 Change : 0.80 or 0.1% Silver Price Close Today
: 39.542 Change : 15.8 cents or 0.4% Gold Silver Ratio Today : 36.88 Change :
-0.128 or -0.3% Silver Gold Ratio Today : 0.02711 Change : 0.000094 or 0.3%
Platinum Price Close Today : 1786.00 Change : -10.10 or -0.6% Palladium Price
Close Today : 775.65 Change : -9.35 or -1.2% S&P 500 : 1,333.51 Change : -2.03
or -0.2% Dow In GOLD$ : $175.88 Change : $ (0.32) or -0.2% Dow in GOLD oz :
8.508 Change : -0.016 or -0.2% Dow in SILVER oz : 313.83 Change : -0.45 or -0.1%
Dow Industrial : 12,409.49 Change : -17.25 or -0.1% US Dollar Index : 75.58
Change : 0.039 or 0.1% I reckon wild, uncertain times call for great steadiness,
patience, and calm. Reminds me of spring weather in Tennessee: if you don't like
it, just wait. It'll change. So also these volatile markets. Just wait --
they'll change. Thus today the Dow's fall shouldn't have warped anybody's door
too badly. Shouldn't have bothered y'all, anyway, if you've been listening to my
denunciations of stocks. I've been busier denouncing stocks than Robespierre
before the French revolutionary Committee of Safety denouncing royalists. I hope
y'all have been paying attention and sent all your stocks to the guillotine. Dow
today lost 17.26 points to 12,409.49 while the S&P500 lost 2.03 points to
1,333.51. These aren't open-artery closes, but they reflect stocks' confusion
here at the ceiling. Doesn't act like a market about to run away. Quite the
contrary. Now I don't usually pay attention to these silly kerfuffles, but
customers are calling asking me what Comrade Barack O'Bama will do tonight. Will
he let the US gummint run out of money and be forced to turn off all the
electricity to the Capitol and the White House? What HAVE you all been drinking
and smoking? Whatever 'tis, it has played Hob with your judgement. Now think:
over one-half of the souls in the United States earn their income from
government, about 60% of that from federal spending. Obama CAN'T let the gummint
shut down because the entire national economy would seize up. Half your
neighborhood would show up at your back door begging for a can of sardines. The
whole farce amounts to nothing more than THEATRICS. The Republicans will pose,
posture, and play tough while the Democrats do the same on the other side, and
after all the puffing and blowing and foot scuffling they will get right back on
track and do the only thing they can do, which is print/borrow more money to
keep the wheels of tyranny economic, monetary, and political whirring merrily
along. All else is polished nonsense, and not a single Republican or Democrat,
let alone Bernard O'Bama, has imagination enough to let the whole machinery stop
and set the country to working for a living and freeing itself from the Federal
Reserve and Wall Street. Am I afraid of the yankee government shutting down?
Merciful heavens, I'd welcome it! More than a new puppy or a $40 cigar. And
except for not getting your mail, and not being harassed by a multitude of
officers sent hither to eat out your substance, y'all wouldn't even notice for
four or five months. Then you'd look around and realize that sanity and
prosperity had returned because the almighty yankee gummint had shut down and
was no longer messing in your business. Did I answer the question? Now back to
the real world, the world of things with genuine meaning instead of show
business. The US Dollar index climbed to 75.82 today, which is just nothing.
Don't mean a thing, rising 3.9 basis points. Dollar is stalled between 75.80 and
75.45, and till it breaks those levels it's wasting words to talk about it. Yen
continues to sink, closing today at 84.994Y/$ (117.66c/100Y). Euro remains at
the November high but fell back today, leaving further gains in a doubtful
limbo. The GOLD PRICE has stalled. Only gained a silly 80 cents today on Comex
close at $1,458.50. High today reached $1,464.45, but the real barrier is
$1,460. If the assembled US politicians and Bernard O'Bama are sufficiently
foolhardy to let the US gummint come to a halt, the gold price will reach $1,600
on the first day, and who knows after that. Watch $1,460 for a breakout above,
and $1,450 for a breakdown below. Let the croakers croak all they want, this is
a rally in a bull market, not a bubble. If you don't own gold, you'd best buy
some. The SILVER PRICE slowed down today also. It gained only 15.8c on Comex,
closing at 3954.20. Low, how easily our expectations inflate! Silver sees a few
50c and 75c days, and we await that as our birthright. This looks to me like a
sideways correction, trying to press through 3965 and conquer 4000c. As long as
the silver price holds its position above 3900c it will go higher. Silver: don't
leave home without it. On this day in 1795 the French Revolutionary assembly
adopted the metric system. In line with their modest make-over of humanity and
all its doings, they substituted an unhuman measuring system for one cut to the
measure of man. Gone were inches a thumb wide or feet a foot long or yards
stretching form nose to finger tip or rods, chains, furlongs, miles and all the
other wonderful measures, and forced down humanity's throats was a system with
length based on one-ten-millionth of the distance from the globe's equator to
the pole. Now THERE'S a conceptually easy standard. Worse, the whole mess was
moved to a decimal base, so those wonderful divisors 3, 4, 6, 12, etc. were
guillotined in favour of 2 and five alone. Call me a troglodyte, but I never
asked y'all to measure ten million of anything, and never will. 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.
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