Monday, November 7, 2011

Gold Price Close Today 1,790.30 Up 2.0%

Gold Price Close Today : 1,790.30 Change : 35.00 or 2.0% Silver Price Close
Today : 34.81 Change : .74 or 2.1% Platinum Price Close Today : 1,655.50 Change
: 28.70 or 1.7% Palladium Price Close Today : 661.80 Change : 6.60 or 1.0% Gold
Silver Ratio Today : 51.43 Change : -0.09 or 1.00% Dow Industrial : 11,983.24
Change : -61.23 or -0.5% US Dollar Index : 76.91 Change : 0.20 or 0.3% Franklin
Sanders has not published any commentary today, he will be away until 9th
November. 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 bubble has burst,
primary trend down. WARNING AND DISCLAIMER. 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 short term trading outlook. I write them for long-term
investors in physical metals. Take them as entertainment, but not as a timing
service for futures. NOR do I recommend investing in gold or silver Exchange
Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or
another may go up in smoke. Unless you can breathe smoke, stay away. Call me
paranoid, but the surviving rabbit is wary of traps. NOR do I recommend trading
futures options or other leveraged paper gold and silver products. These are not
for the inexperienced. NOR do I recommend buying gold and silver on margin or
with debt. What DO I recommend? Physical gold and silver coins and bars in your
own hands. One final warning: NEVER insert a 747 Jumbo Jet up your nose.

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