Thursday, August 25, 2011

Gold Price Closed Today at $1759.80

Gold Price Close Today : 1759.80 Change : 5.70 or 0.3% Silver Price Close Today
: 0.407 Change : (0.016) or -3.7% Gold Silver Ratio Today : 4319.59 Change :
175.033 or 4.2% Silver Gold Ratio Today : 0.00023 Change : -0.000010 or -4.1%
Platinum Price Close Today : 1820.30 Change : -42.40 or -2.3% Palladium Price
Close Today : 750.65 Change : -12.30 or -1.6% S&P 500 : 1,159.27 Change : -18.33
or -1.6% Dow In GOLD$ : $130.97 Change : $ (2.43) or -1.8% Dow in GOLD oz :
6.336 Change : -0.117 or -1.8% Dow in SILVER oz : 27,368.43 Change : 620.07 or
2.3% Dow Industrial : 11,149.90 Change : -170.81 or -1.5% US Dollar Index :
74.22 Change : 0.209 or 0.3% Moneychanger's gone fishing, but sent this comment.
Establishment knows it's in big trouble. Witness firing big blarney cannon
today. Warren Bufet buys 5 billion of biggest bank, Bank of America. Talking
heads foaming at the mouth blathering about bets on America. O, can adults
really be gulled by such blarney? Reckon so, since they are pulling it again.
Buffet notwithstanding, stocks are doomed. Establishment is terrified. Buy
silver and gold. On Saturday, 3 September we will celebrate our annual Bodacious
Hoedown again at the Top of the World farm. Starts at 1:00 p.m. with an
afternoon of games like raw egg toss, dunking booth which my children have set
up for me, and lots of others. Or you can sit bring a stringed instrument and
sit under the trees jamming with others (do NOT bring a grand piano. It has
strings, but won't fit in.) After that come supper with barbecued pork raised on
our own farm, slaw, beans, tomatoes, and dessert. Then comes the fun: an Old
Time Band and dance caller. This year we are not charging admission, as a
thank-you to all our customers. If you're interested, email me with "Hoedown
Directions" in the subject line and I'll send you directions and a list of local
motels -- or you can camp out, if you like rustic camping. franklin AT
the-moneychanger.com (replace AT with @) 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. Be advised and warned: Do NOT use these commentaries to trade
futures contracts. I don't intend them for that or write them with that outlook.
I write them for long-term investors in physical metals. Take them as
entertainment, but not as a timing service for futures.

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