Gold and Silver Prices Today Proved that You'd Better Not Turn Your Back on Them or Short Them

Gold Price Close Today : 1854.40 Change : 40.20 or 2.2% Silver Price Close
Today : 42.479 Change : 0.907 or 2.2% Gold Silver Ratio Today : 43.65 Change :
0.015 or 0.0% Silver Gold Ratio Today : 0.02291 Change : -0.000008 or 0.0%
Platinum Price Close Today : 1861.70 Change : 39.90 or 2.2% Palladium Price
Close Today : 757.20 Change : 3.75 or 0.5% S&P 500 : 1,186.25 Change : -12.37 or
-1.0% Dow In GOLD$ : $126.10 Change : $ (3.96) or -3.0% Dow in GOLD oz : 6.100
Change : -0.191 or -3.0% Dow in SILVER oz : 266.29 Change : -8.29 or -3.0% Dow
Industrial : 11,311.82 Change : -103.04 or -0.9% US Dollar Index : 76.24 Change
: 0.775 or 1.0% This will be my last commentary until I return from vacation on
19 September. I'll miss y'all. goldprice.org will publish daily closing prices
during Franklin's vacation. GOLD and SILVER PRICES today proved that you'd
better not turn your back on them or short them. Confirms my suspicion hinted at
yesterday that this will NOT prove a deep or long correction. SILVER and GOLD
PRICES will begin rallying again, soon. Euro finally tanked today, now at
1.3892, down 1.15%. On its way to 1.2000. Whole continent coming apart,
especially Greece. May manage to cobble it together, but the eurocrats aren't
working toward it speedily. US DOLLAR INDEX is breaking through top of
resistance at 72, now 72.242, up 77.5 basis points or 1%. Rally has begun, but
be not fooled, be not gulled, be not seduced. Huge head and shoulders $ index
target points to 39 [sic]. It may tarry, but it will come. Stocks have sunk here
at 2:55 to 11,311.82, down 103.04. S&P 500 down 12.37, at 1,186.25. Stocks --
the key to prosperity (a couple of decades from now). The GOLD PRICE rose $40.20
to close Comex at $1,854.40, then has risen another $14 in the aftermarket to
$1,868.50. Plainly gold does not want to tarry below $1,820. Watch that level,
and $1,800, but looks like it will move sideways a day or two, await the
O'Bama's bloviating, then rally again. Close above $1,920 will carry it to
$2,100. The SILVER PRICE rose 90.7c, as the gold/silver ratio and silver's
barely lower close yesterday hinted to us. Closed Comex at 4247.9c, with a 4262
high. Again, no great correction will happen here before silver rallies once
again. Must hold 4050c to make that come true. Grasp this, remember this, never
forget this: SILVER and GOLD PRICES are in a bull market, stocks and the dollar
in a bear market. Silver and gold tomorrow will be worth more than silver and
gold today; stocks and dollars tomorrow will be worth LESS than stocks and
dollars today. Align your assets accordingly, or suffer with the deceived masses
waiting for Washington to save them. 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.