Gold Price Close Today : 1,635.10 Gold Price Close 14-Oct : 1,681.80 Change :
-46.70 or -2.8% Silver Price Close Today : 3117.3 Silver Price Close 14-Oct :
3214 Change : -96.70 or -3.0% Gold Silver Ratio Today : 52.452 Gold Silver Ratio
14-Oct : 52.327 Change : 0.13 or 0.2% Silver Gold Ratio : 0.01906 Silver Gold
Ratio 14-Oct : 0.01911 Change : -0.00005 or -0.2% Dow in Gold Dollars : $ 149.29
Dow in Gold Dollars 14-Oct : $ 143.13 Change : $ 6.17 or 4.3% Dow in Gold Ounces
: 7.222 Dow in Gold Ounces 14-Oct : 6.924 Change : 0.30 or 4.3% Dow in Silver
Ounces : 378.81 Dow in Silver Ounces 14-Oct : 362.31 Change : 16.51 or 4.6% Dow
Industrial : 11,808.79 Dow Industrial 14-Oct : 11,644.49 Change : 164.30 or 1.4%
S&P 500 : 1,238.25 S&P 500 14-Oct : 1,224.58 Change : 13.67 or 1.1% US Dollar
Index : 76.291 US Dollar Index 14-Oct : 76.607 Change : -0.316 or -0.4% Platinum
Price Close Today : 1,516.00 Platinum Price Close 14-Oct : 1,555.00 Change :
-39.00 or -2.5% Palladium Price Close Today : 617.00 Palladium Price Close
14-Oct : 626.00 Change : -9.00 or -1.4% The GOLD PRICE yesterday rose late in
the aftermarket to about $1,622. Time the US market opened today it was already
at $1,635, and reached $1,648. Rest of the day $1,635 served as a floor. Comex
closed at $1,635.10, up $23.20 (1.4%). Aftermarket is trading $1,640.95. Looks
like the GOLD PRICE has turned up for next week, maybe longer. Whether 'twill
last is another question. On Comex the SILVER PRICE rose 3% (90.7c) to 3117.3c,
and advanced all day. Like GOLD , SILVER has made a short of upside down head
and shoulder -- maybe. If it is, it points to a rise to 3450c or so, but all
this hasn't completely unfolded yet. The SILVER PRICE couldn't penetrate 3150c
(there fell today's high), and if this excitement is anything more than a Friday
drunk, it must clear that Monday and keep on marching. Expect higher silver
prices this week. SILVER and GOLD remain in a bull market, and will until some
monetary crisis finally brings down the fiat money and banking system. Don't
listen to anybody who says otherwise, because they don't know 'Sic 'em!" from
"Come here!" Strange week, mostly held in suspension by Eurocrats' indecision
about their bank solvency crisis. Oddly -- or maybe, not so oddly, all things
considered in this world of confusion and illusion -- stock investors today
appeared to believe that something will come out of this weekend's Euro-summit,
although they are going into it with no plan and planning only to meet again
soon to plan a plan. Don't sound like a plan to me, but I'm only a natural born
fool from Tennessee, not a high-flying Eurocrat like Sarcophagus or Ferkel. For
the week, metals all lost ground while stocks gained - barely. Stocks gained
enough today to close in positive territory for the year (31 Dec 2010 closed
11,573. Once that happened, the buying panic spread like a bar fight and for the
Dow gobbled up 267.01 points (up 2.31%) to close 11,808.79. S&P500 lagged not
far behind, up 1.88% (22.86) to 1,238.25. So the Dow cleared that 11,650 hurdle
that had been stymying its progress. Dow will now most likely touch its 200 day
moving average (DMA) (now 11,965). It could rally all the way to 12,300 WITHOUT
changing the doom hanging over its head, only altering it from a jaws of death
broadening top to a diamond top. Mercy, the Dow may rally into the end of the
year, but that is no reason to buy it. Rather, that's a last chance to sell for
those poor victims who still own stocks. Did I mention that it's ridiculous to
look at the European bank solvency crisis and conclude the Eurocrats will cure
it this weekend? It's ridiculous. STOCKS -- they are they Tyrannosaurus Rex of
Investment Predators. US DOLLAR INDEX was cold-cocked and fell below 77, down
68.3 basis points or 0.88%. That fractured the 76.60 support, and opens the road
for the dollar index to visit its 200 DMA, now 75.87. Long as the dollar does
not dramatically rupture that line, it will remain in rally mode. Euro today
closed 1.3896, up 0.87%. Euro still hasn't broken up through resistance at that
lower boundary line of the channel it was defenestrated out of in September.
Today closed right on the 50 DMA 1.3889. Will rise higher. Somebody goosed the
Yen sure enough today. It's 131.88 high was a new all time high, but it closed
at 131.05c/Y100 (Y76.30/$1), plumb at the top of its trading channel. Yen wants
to climb, but can't imagine the Nice Japanese Government Men letting it, since a
higher yen would wound their exports so badly. Without exports, Japan is pretty
much 280 million people looking for a job and waiting to starve. Get ready for a
180 degree turn on gold, at least in the short-term. I looked at the chart this
morning and LO! There's a large left shoulder (Tuesday), a head (Thursday), and
the beginning of a shoulder above $1,635. It measures out a 50 point rise from
$1,665, to $1,715, if I have identified it correctly. After that rise I expect
more downside, but if gold can pierce $1,800 and hold its ground, then the tide
has turned. Now I know y'all mean well sending me those news articles about the
TSA setting up roadblocks in Tennessee to search people in cars and in bus
stations, but let me tell y'all something, and y'all write this down in your
book. Until SOMEBODY says "NO!" they will keep on doing this stuff, and so far,
none of y'all will say no. You'll let 'em search your car without a warrant
because you want to finish your trip on time or your kids are with you or your
wife has supper on the stove at home. Until y'all plant your feet square on the
ground, get out of your car and lock it and refuse to have it searched for lack
of due cause, and go to jail for a day or a week or a month and risk them
beating you up if you have to because that's the only way you can enforce your
rights, the TSA and the government will continue to ignore and steal your
ancient rights, rights older than Magna Carta. Ask any lawyer: without a
Belligerent Claimant in Person, no rights exist. You have no rights you are not
willing to enforce YOURself. No such thing as a Milquetoast Claimant In Person,
begging government agents to please act nice and observe his rights. Hell will
freeze over with ice six inches thick and icicles before that happens. Did the
British leave the colonies because the Americans asked 'em real nice? Somebody
has to say "NO!" Till you're ready to do that, might as well get used to wearing
that steel collar round your neck and pulling out your papers fast and
respectful-like. On 21 October 1922 Benito Mussolini took control of the Italian
government and installed fascism in Italy. Why? Because not enough people said
"NO!" One hundred one years ago today, 21 October 1910, my father was born in
Michie, Tennessee. He never met a stranger. Y'all enjoy your weekend! 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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