Silver Price rose 7.6% this Week, the Gold Price Rose 3.2%

DG365FD46564GFH654FU898

Gold Price Close Today : 1,473.40
Gold Price Close 1-Apr : 1,428.10
Change : 45.30 or 3.2%

Silver Price Close Today : 4060
Silver Price Close 1-Apr : 3773.7
Change : 286.30 cents or 7.6%

Gold Silver Ratio Today : 36.29
Gold Silver Ratio 1-Apr : 37.84
Change : -1.55 or -4.1%

Silver Gold Ratio : 0.02756
Silver Gold Ratio 1-Apr : 0.02642
Change : 0.00113 or 4.3%

Dow in Gold Dollars : $ 173.69
Dow in Gold Dollars 1-Apr : $ 179.15
Change : $ (5.46) or -3.0%

Dow in Gold Ounces : 8.402
Dow in Gold Ounces 1-Apr : 8.667
Change : -0.26 or -3.0%

Dow in Silver Ounces : 304.93
Dow in Silver Ounces 1-Apr : 327.97
Change : -23.05 or -7.0%

Dow Industrial : 12,380.05
Dow Industrial 1-Apr : 12,376.72
Change : 3.33 or 0.0%

S&P 500 : 1,328.17
S&P 500 1-Apr : 1,332.41
Change : -4.24 or -0.3%

US Dollar Index : 75.869
US Dollar Index 1-Apr : 75.854
Change : 0.02 or 0.0%

Platinum Price Close Today : 1,810.90
Platinum Price Close 1-Apr : 1,768.50
Change : 42.40 or 2.4%

Palladium Price Close Today : 796.25
Palladium Price Close 1-Apr : 774.50
Change : 21.75 or 2.8%

Lo! the SILVER PRICE rose 7.6% this week, the GOLD PRICE rose 3.2%, stocks spun their wheels noisily and slung mud everywhere without ever gaining any traction, the white metals jumped, and the US Dollar Index proved once again that only a fool trusts Ben Bernanke.

The SILVER PRICE swelled 2.7% today, 105.8c, to close Comex at 4060c. Like Humphrey Bogart brushing through one of those bead curtains in a North African bar, silver brushed past 3965c resistance overnight. By the time New York opened it was already trading at 4020c. When silver bears tried to sell it off, they merely wasted their money and silver brushed them aside, too, and kept on climbing. I reckon silver looked around and figured that if it was this easy to clear 4000c, it might as well go for 4100c. It did, and now is trading around 40.90.

The GOLD PRICE wasted no time once it jumped the barrier at $1,460 – 1,465. Might as well add another ten bucks! $14.90 higher gold closed at $1,473.40.

GOLD/SILVER RATIO touched a new low today at 36.29.

How much further can they rise? The gold price won’t slow down before it hits $1,525, maybe $1,600, and the silver price has no ceiling above except a bull market trendline about 4600c. If you don’t have some, you’d better buy some. Of both. Next week they will rise more.

That US DOLLAR INDEX finally found the trap door in the floor and fell through it today. Yep, made a new low at 74.848, and a new low close, and trades now at 74.869, down 71.6 basis points from yesterday. Since the last low occurred in March at 75.25, one is forced to conclude that the Dollar will pay a visit to the December 2009 low at 74.23, or maybe go whole-hog for
the 70.70 low. Yen now has fallen to 84.73/$ (118.02c/100 yen), suggesting it will fall much further. In a burst of logic, common sense, and insightful judgment the euro jumped up 1.24% today to 1.4483 on news that Portugal has gone paws up and must go begging to Brussels for a bail-out. Not much, $100 billion or so. Yea, man, this is the sort of event that inspires confidence in me about the euro. Looney.

Dollar will move lower, which paves the way for higher silver and gold prices.

STOCKS have rounded a double top this week, and put in another ragged performance today to prove it. Week’s high came at 12,450.93 for the Dow, which illustrates how important it is to insist that a new high exceed the last high by 2%. Back in February the Dow topped at 12,391.29, and this week’s 12,450.93 high didn’t even approach the 12,639 needed for a 2% betterment. Now the Dow has resumed its old habit of making a broadening or megaphone top, with flat or slightly higher highs and lower lows.

Stocks are really going to shine and outperform every other investment — in about 5 – 10 years after they have completed their bear market. Until then they remain a croker-sack swimsuit in the Shop Of Attractive Investment Swimwear.

Here’s an addition to my comments yesterday about the US government shutting down. EVEN IF it does shut down, it won’t make as much difference as a gnat’s eyelash. For 50 years, nay, eighty, they have built a structure that must inflate and spend, or die. If they close a day, a week, a month, makes no never-mind, they will return and spend and inflate some more. They can do no other.

Joe Stalin said that no ruling class voluntarily leaves the stage of history. This one won’t, either. Even when they are shoved aside, they will still be posturing and play-acting.

This is the same government that tells you it’s okay to drink radioactive milk but dangerous to drink raw milk. Are y’all really going to miss ‘em?

Clearly some of y’all suffer from definitional confusion, since y’all expressed surprise or reservations about my calling the usurpation in Washington the “yankee government.” First of all, it’s an IMPERIAL yankee government, because the US has become an empire, no longer a federation of republics and certainly not a (har-de-har-har) “democracy.”

Second, y’all can’t tell the difference between a “yankee” and a “northerner.” A yankee is somebody who knows everything about everything and is not backward to tell you how they do it up north, even when you never ask him and surely don't want him to tell you. In other words, a meddling, bullying, busybody.

A “northerner” on the other hand, is someone unfortunately born north of the Mason Dixon line. Most people from up North are “northerners”, while Washington is full of yankees — some of ‘em even from the South.

On this day in 1935 the New Deal (also known as the “Raw Deal”) congress approved the WPA or Works Progress Administration to create make work jobs and thus relieve unemployment. Back then Americans were no dupes, so even the fellows who got the jobs leaning on shovels re-named it “We Piddle Around.”

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 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.

Gold and Silver Prices Had a Rough Day

DG365FD46564GFH654FU898

Gold Price Close Today : 1467.40
Change : (6.00) or -0.4%

Silver Price Close Today : 40.604
Change : 0.004 cents or 0.0%

Gold Silver Ratio Today : 36.14
Change : -0.151 or -0.4%

Silver Gold Ratio Today : 0.02767
Change : 0.000115 or 0.4%

Platinum Price Close Today : 1781.50
Change : -29.40 or -1.6%

Palladium Price Close Today : 773.75
Change : -22.50 or -2.8%

S&P 500 : 1,324.46
Change : -3.71 or -0.3%

Dow In GOLD$ : $174.42
Change : $ 0.74 or 0.4%

Dow in GOLD oz : 8.437
Change : 0.036 or 0.4%

Dow in SILVER oz : 304.92
Change : 0.03 or 0.0%

Dow Industrial : 12,381.11
Change : 1.06 or 0.0%

US Dollar Index : 75.056
Change : 0.187 or 0.2%

I’m late because at the end of the day the Spirit of Trading moved on the minds of multitudes to call all at once. This fell amidst a magnificent rain storm with raging vertical lightning. Beautiful to watch, but the cloud cover baffles my satellite internet, so I had to rush home where I have cable internet. About that time my wife Susan rings up wanting 5 lb. of frozen hamburger out of the refrigerator in the barn across the road. Greater love hath no man for his wife than he will walk bareheaded thru a drizzling rain for frozen hamburger. But it was truly exhilarating, a cold spring rain filled with singing birds, and the whole world smelled clean. That’s quite a trick with a barn, even for Spring.

The US DOLLAR INDEX continues in its coma: high of 75.08, low 74.90, no progress, no movement, up a chiselling 18.7 basis points. Clearly 75.10 has become the challenge for the dollar to overcome, but I wouldn’t run out and lay a lot of money on the dollar breaching that right away. If the dollar foots around with 74.80 it will certainly hit 74.23, and maybe the low 70s. Euro fiddled today, closing 1.4436, down 0.32%. Yen closed 84.42Y/$ (118.46c/100 yen).

STOCKS again tried to rally but failed. 12,450 has trapped the Dow, which has thrice tried to pierce that barrier. Now maybe that’s a sign of strength, but up 1.06 points seemeth not strong to me. S&P fell 3.71 to 1324.46. Dow closed 12,381.11.

Stocks: y’all just hang on to them. Sooner or later they’ll pry you away from all your capital.

GOLD and SILVER had a rough day. Now before I say anything, I tell y’all I don't want a lot of steaming emails about my about-face, because I’m not making one. I’ve been telling y’all that this wild ride could end at any time, and one day it will. Today might have been that day, but only half the testimony has been taken.

The GOLD PRICE touched its high at $1,475.65 today. After the New York open it climbed off $1,465 over $1,470, but very shortly. It then bumped along from 10:00 to 2:30 between $1,465 and $1,470. Comex closed down $6.00 at $1,467.40. Here in the late (7:40 CDT) aftermarket gold has traded as low as $1,456.65.

The five day chart draws plain lines in the sand. Gold needs to cling to $1,455, but gold could tumble clean to $1,430 without falling out of its upward channel.

But a bigger question looms: was today the first half of a dreaded key reversal? Gold barely broke into new high territory with a lower close for the day. A lower close tomorrow would put the second and final piece of the key reversal in place. There’s no way to know until we see how the market plays out tomorrow. Clearly a push above $1,470 gainsays all this key reversal worry, or any close higher than today’s.

If life were easy everybody would do it. The SILVER PRICE did not make anything easy for us today.

It reached a new intraday high at 4195c (!), but on Comex closed at 4060.4, up a razor-thin 4/10c. What is that?

The daily chart tells an even raggeder tale. That new high came about 1:00 a.m. NY time, and although it traded on the plateau of 4100c from 6:00 a.m. to 12:00 p.m. the day decidedly plunged. Ahh, break to new high ground, but no lower close — or can you call a 4/10c rise “higher”. Is that legit? Sensible?

An hour after Comex shut the doors silver plunged to 3972c, then jumped back above 4000c.

Now all this might say — along with the seasonal expectation — that silver has topped. But it could just as clearly (and probably does) say that silver had a great run last week and needs a breather this week.

How do we tell the difference? It would be good if silver held the line above 3950, but 3800c would do.

You might complain that I’m talking out of both sides of my mouth, but that’s how I keep from biting my tongue. A little correction has arrived. As long as gold doesn’t fall below $1,430 nor silver below 3800c, it will be brief.

By the way, the gold/silver ratio made yet another new low today at 36.139.

I have one leetle chicken bone in my craw I have to cough out, and that’s the reason why these internet silver puffers bother me like bull chiggers. They froth and fume about how silver is going to the moon, and their chatter pulls in a lot of ignorant people who just see the shooting star and understand nothing of what set it on that trajectory. So they buy, then they don’t get rich overnight, silver corrects, and they all panic. They have been shorn, just like sheep, thanks to the puffery. Worse, they don’t understand silver’s volatility, so they’ll probably sell at the bottom of a correction, just in time to see it launch into orbit again.

Fear and greed don’t strike me as very flattering or profitable guides for investing.

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.

Silver Price rose 7.6% this Week, the Gold Price Rose 3.2%

Gold Price Close Today : 1,473.40 Gold Price Close 1-Apr : 1,428.10 Change :
45.30 or 3.2% Silver Price Close Today : 4060 Silver Price Close 1-Apr : 3773.7
Change : 286.30 cents or 7.6% Gold Silver Ratio Today : 36.29 Gold Silver Ratio
1-Apr : 37.84 Change : -1.55 or -4.1% Silver Gold Ratio : 0.02756 Silver Gold
Ratio 1-Apr : 0.02642 Change : 0.00113 or 4.3% Dow in Gold Dollars : $ 173.69
Dow in Gold Dollars 1-Apr : $ 179.15 Change : $ (5.46) or -3.0% Dow in Gold
Ounces : 8.402 Dow in Gold Ounces 1-Apr : 8.667 Change : -0.26 or -3.0% Dow in
Silver Ounces : 304.93 Dow in Silver Ounces 1-Apr : 327.97 Change : -23.05 or
-7.0% Dow Industrial : 12,380.05 Dow Industrial 1-Apr : 12,376.72 Change : 3.33
or 0.0% S&P 500 : 1,328.17 S&P 500 1-Apr : 1,332.41 Change : -4.24 or -0.3% US
Dollar Index : 75.869 US Dollar Index 1-Apr : 75.854 Change : 0.02 or 0.0%
Platinum Price Close Today : 1,810.90 Platinum Price Close 1-Apr : 1,768.50
Change : 42.40 or 2.4% Palladium Price Close Today : 796.25 Palladium Price
Close 1-Apr : 774.50 Change : 21.75 or 2.8% Lo! the SILVER PRICE rose 7.6% this
week, the GOLD PRICE rose 3.2%, stocks spun their wheels noisily and slung mud
everywhere without ever gaining any traction, the white metals jumped, and the
US Dollar Index proved once again that only a fool trusts Ben Bernanke. The
SILVER PRICE swelled 2.7% today, 105.8c, to close Comex at 4060c. Like Humphrey
Bogart brushing through one of those bead curtains in a North African bar,
silver brushed past 3965c resistance overnight. By the time New York opened it
was already trading at 4020c. When silver bears tried to sell it off, they
merely wasted their money and silver brushed them aside, too, and kept on
climbing. I reckon silver looked around and figured that if it was this easy to
clear 4000c, it might as well go for 4100c. It did, and now is trading around
40.90. The GOLD PRICE wasted no time once it jumped the barrier at $1,460 -
1,465. Might as well add another ten bucks! $14.90 higher gold closed at
$1,473.40. GOLD/SILVER RATIO touched a new low today at 36.29. How much further
can they rise? The gold price won't slow down before it hits $1,525, maybe
$1,600, and the silver price has no ceiling above except a bull market trendline
about 4600c. If you don't have some, you'd better buy some. Of both. Next week
they will rise more. That US DOLLAR INDEX finally found the trap door in the
floor and fell through it today. Yep, made a new low at 74.848, and a new low
close, and trades now at 74.869, down 71.6 basis points from yesterday. Since
the last low occurred in March at 75.25, one is forced to conclude that the
Dollar will pay a visit to the December 2009 low at 74.23, or maybe go whole-hog
for the 70.70 low. Yen now has fallen to 84.73/$ (118.02c/100 yen), suggesting
it will fall much further. In a burst of logic, common sense, and insightful
judgment the euro jumped up 1.24% today to 1.4483 on news that Portugal has gone
paws up and must go begging to Brussels for a bail-out. Not much, $100 billion
or so. Yea, man, this is the sort of event that inspires confidence in me about
the euro. Looney. Dollar will move lower, which paves the way for higher silver
and gold prices. STOCKS have rounded a double top this week, and put in another
ragged performance today to prove it. Week's high came at 12,450.93 for the Dow,
which illustrates how important it is to insist that a new high exceed the last
high by 2%. Back in February the Dow topped at 12,391.29, and this week's
12,450.93 high didn't even approach the 12,639 needed for a 2% betterment. Now
the Dow has resumed its old habit of making a broadening or megaphone top, with
flat or slightly higher highs and lower lows. Stocks are really going to shine
and outperform every other investment -- in about 5 - 10 years after they have
completed their bear market. Until then they remain a croker-sack swimsuit in
the Shop Of Attractive Investment Swimwear. Here's an addition to my comments
yesterday about the US government shutting down. EVEN IF it does shut down, it
won't make as much difference as a gnat's eyelash. For 50 years, nay, eighty,
they have built a structure that must inflate and spend, or die. If they close a
day, a week, a month, makes no never-mind, they will return and spend and
inflate some more. They can do no other. Joe Stalin said that no ruling class
voluntarily leaves the stage of history. This one won't, either. Even when they
are shoved aside, they will still be posturing and play-acting. This is the same
government that tells you it's okay to drink radioactive milk but dangerous to
drink raw milk. Are y'all really going to miss 'em? Clearly some of y'all suffer
from definitional confusion, since y'all expressed surprise or reservations
about my calling the usurpation in Washington the "yankee government." First of
all, it's an IMPERIAL yankee government, because the US has become an empire, no
longer a federation of republics and certainly not a (har-de-har-har)
"democracy." Second, y'all can't tell the difference between a "yankee" and a
"northerner." A yankee is somebody who knows everything about everything and is
not backward to tell you how they do it up north, even when you never ask him
and surely don't want him to tell you. In other words, a meddling, bullying,
busybody. A "northerner" on the other hand, is someone unfortunately born north
of the Mason Dixon line. Most people from up North are "northerners", while
Washington is full of yankees -- some of 'em even from the South. On this day in
1935 the New Deal (also known as the "Raw Deal") congress approved the WPA or
Works Progress Administration to create make work jobs and thus relieve
unemployment. Back then Americans were no dupes, so even the fellows who got the
jobs leaning on shovels re-named it "We Piddle Around." 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 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.

Option Bears Swat Constellation, UHS

tdp2664
InvestorPlace
Options trading investors this morning are getting tired of two stocks that haven't been able to move above their price resistance levels. Utility Constellation Energy (NYSE: CEG ) has been trapped around $33 since late September. The company has struggled over the last year, and its last earnings report on Feb. 4 missed expectations as costs rose while revenue was weak. Its next earnings report is scheduled for May 6. OptionMONSTER’s Depth Charge tracking system detected the purchase of 4,750 CEG July 25 Puts for $0.15 and the sale of an equal number of CEG July 30 Calls for $3.35. Volume was more than twice open interest in both strikes. The bearish option trade, known as a collar, pushed total options volume in the stock to 14 times greater than average so far today. The transaction resulted in a credit of $3.20. The investor essentially locked in a maximum exit price of $33.20 on the shares, which he will collect as long as CEG closes above $30 on expiration. Find more option analysis and trading ideas at Options Trading Strategies . Also in options trading , hospital and health center operator Universal Health Services (NYSE: UHS ) is drawing short-term bearish trades as it nears key technical levels. UHS is down to $46.35 after briefly dipping below its 50-day moving average early in the session. UHS shares have run higher since last summer but have fallen sharply this month and are sitting just above a support level that has been in place since late February. More than 3,500 UHS April 45 Puts have traded today against open interest of 1,274, according to optionMONSTER’s Depth Charge system. The contracts changed hands in a strong buying pattern for $0.30 and $0.33. There doesn't appear to be related stock activity coinciding with these puts today, though they could have been bought as protection on an existing long position. The trader could also be making a straight bet that UHS will drop about 4.5% before the options expire at the end of tomorrow’s session. The company is scheduled to report quarterly results on April 25. optionMONSTER ® provides stock market insight, option trade ideas, and options education to meet the needs of do-it-yourself investors.

Gold and Silver Prices Had a Rough Day

Gold Price Close Today : 1467.40 Change : (6.00) or -0.4% Silver Price Close
Today : 40.604 Change : 0.004 cents or 0.0% Gold Silver Ratio Today : 36.14
Change : -0.151 or -0.4% Silver Gold Ratio Today : 0.02767 Change : 0.000115 or
0.4% Platinum Price Close Today : 1781.50 Change : -29.40 or -1.6% Palladium
Price Close Today : 773.75 Change : -22.50 or -2.8% S&P 500 : 1,324.46 Change :
-3.71 or -0.3% Dow In GOLD$ : $174.42 Change : $ 0.74 or 0.4% Dow in GOLD oz :
8.437 Change : 0.036 or 0.4% Dow in SILVER oz : 304.92 Change : 0.03 or 0.0% Dow
Industrial : 12,381.11 Change : 1.06 or 0.0% US Dollar Index : 75.056 Change :
0.187 or 0.2% I'm late because at the end of the day the Spirit of Trading moved
on the minds of multitudes to call all at once. This fell amidst a magnificent
rain storm with raging vertical lightning. Beautiful to watch, but the cloud
cover baffles my satellite internet, so I had to rush home where I have cable
internet. About that time my wife Susan rings up wanting 5 lb. of frozen
hamburger out of the refrigerator in the barn across the road. Greater love hath
no man for his wife than he will walk bareheaded thru a drizzling rain for
frozen hamburger. But it was truly exhilarating, a cold spring rain filled with
singing birds, and the whole world smelled clean. That's quite a trick with a
barn, even for Spring. The US DOLLAR INDEX continues in its coma: high of 75.08,
low 74.90, no progress, no movement, up a chiselling 18.7 basis points. Clearly
75.10 has become the challenge for the dollar to overcome, but I wouldn't run
out and lay a lot of money on the dollar breaching that right away. If the
dollar foots around with 74.80 it will certainly hit 74.23, and maybe the low
70s. Euro fiddled today, closing 1.4436, down 0.32%. Yen closed 84.42Y/$
(118.46c/100 yen). STOCKS again tried to rally but failed. 12,450 has trapped
the Dow, which has thrice tried to pierce that barrier. Now maybe that's a sign
of strength, but up 1.06 points seemeth not strong to me. S&P fell 3.71 to
1324.46. Dow closed 12,381.11. Stocks: y'all just hang on to them. Sooner or
later they'll pry you away from all your capital. GOLD and SILVER had a rough
day. Now before I say anything, I tell y'all I don't want a lot of steaming
emails about my about-face, because I'm not making one. I've been telling y'all
that this wild ride could end at any time, and one day it will. Today might have
been that day, but only half the testimony has been taken. The GOLD PRICE
touched its high at $1,475.65 today. After the New York open it climbed off
$1,465 over $1,470, but very shortly. It then bumped along from 10:00 to 2:30
between $1,465 and $1,470. Comex closed down $6.00 at $1,467.40. Here in the
late (7:40 CDT) aftermarket gold has traded as low as $1,456.65. The five day
chart draws plain lines in the sand. Gold needs to cling to $1,455, but gold
could tumble clean to $1,430 without falling out of its upward channel. But a
bigger question looms: was today the first half of a dreaded key reversal? Gold
barely broke into new high territory with a lower close for the day. A lower
close tomorrow would put the second and final piece of the key reversal in
place. There's no way to know until we see how the market plays out tomorrow.
Clearly a push above $1,470 gainsays all this key reversal worry, or any close
higher than today's. If life were easy everybody would do it. The SILVER PRICE
did not make anything easy for us today. It reached a new intraday high at 4195c
(!), but on Comex closed at 4060.4, up a razor-thin 4/10c. What is that? The
daily chart tells an even raggeder tale. That new high came about 1:00 a.m. NY
time, and although it traded on the plateau of 4100c from 6:00 a.m. to 12:00
p.m. the day decidedly plunged. Ahh, break to new high ground, but no lower
close -- or can you call a 4/10c rise "higher". Is that legit? Sensible? An hour
after Comex shut the doors silver plunged to 3972c, then jumped back above
4000c. Now all this might say -- along with the seasonal expectation -- that
silver has topped. But it could just as clearly (and probably does) say that
silver had a great run last week and needs a breather this week. How do we tell
the difference? It would be good if silver held the line above 3950, but 3800c
would do. You might complain that I'm talking out of both sides of my mouth, but
that's how I keep from biting my tongue. A little correction has arrived. As
long as gold doesn't fall below $1,430 nor silver below 3800c, it will be brief.
By the way, the gold/silver ratio made yet another new low today at 36.139. I
have one leetle chicken bone in my craw I have to cough out, and that's the
reason why these internet silver puffers bother me like bull chiggers. They
froth and fume about how silver is going to the moon, and their chatter pulls in
a lot of ignorant people who just see the shooting star and understand nothing
of what set it on that trajectory. So they buy, then they don't get rich
overnight, silver corrects, and they all panic. They have been shorn, just like
sheep, thanks to the puffery. Worse, they don't understand silver's volatility,
so they'll probably sell at the bottom of a correction, just in time to see it
launch into orbit again. Fear and greed don't strike me as very flattering or
profitable guides for investing. 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.

7 Big-Name Stocks That are Big-Time Sells

tdp2664
InvestorPlace
The Bigger They Are, the Harder They Fall While every investor knows it's important to make the right buys, making the right sells is equally important when it comes to protecting your nest egg. In fact, it may even be more important since the climb up is always bigger than the ride down. Let's say you lose 20% of a $5,000 investment. Now you're at $4,000 — meaning you'll have to earn 25% to get back to square. Even worse is if you lose 50% to $2,500. Now you'll have to "double" your money just to break even. Conventional wisdom holds that it's better to stick with a stock that has been beaten down and wait for it to bounce back. But sometimes it's just not worth the wait. If your investment only rebounds a few percentage points while the rest of the market moves significantly higher, recording a loss on that position and moving on was the right move for your overall portfolio. To help you pull the trigger and move on to greener pastures, here are seven big name stocks I recommend selling immediately. Of course, each investor has his or her own strategy – and a one-size fits all approach doesn't always apply. For instance, income investors may not be too concerned that  Walmart (NYSE: WMT ) has underperformed if they find value in the 2.7% yield. And of course, swing traders should pay much closer attention to immediate headlines and market trends. Some of these picks may have a few good weeks ahead of them in the short-term though I am bearish on all across the next several months. That said, for medium-term to long-term investors – folks who trade a few stocks a month and strive for long-term capital gains when possible – you would be wise to take a serious look at these seven holdings and consider selling now.

Traders Buying Discover Financial Calls

tdp2664
InvestorPlace
Call option buyers have discovered credit card issuer and processor Discover Financial Services (NYSE: DFS ). The stock attracted bullish options trading activity yesterday for the second time in three sessions. More than 5,100 DFS July 21 Calls changed hands against open interest of just 172 contracts, clearly indicating that these were new positions. Most of the calls traded with a strong buying bias at or near the ask price, ranging from $3.45 to $3.60, according to optionMONSTER’s Heat Seeker system. On Tuesday, traders bought 2,500 DFS April 24 Calls for $0.40 and $0.45 in late-afternoon trading yesterday. The open interest at the strike was just 668 contracts, indicating that this is a new position. DFS closed yesterday at $23.95, down 1.16% on the day. DFS is trading just pennies below its 15-day moving average, which has been serving as resistance for the last week. Although the shares have slipped from their 52-week peak of $24.99 on March 30, the stock is still trading at its highest levels since August 2007. The in-the-money calls purchased yesterday will turn a profit if DFS gains roughly 2.5% before the contracts expire in mid-July. The company’s next earnings report is scheduled for June 20. Overall calls at all strikes in DFS outnumber puts by more than 19 to 1. optionMONSTER ® provides stock market insight, option trade ideas, and options education to meet the needs of do-it-yourself investors.

If Gold Price Trades Below $1,450 Tomorrow, it Will Likely Signify Lower Prices Coming

DG365FD46564GFH654FU898

Editors Note: Please note we posted incorrect gold and silver prices in Franklin Sanders Commentary yesterday, due to no fault of Franklin Sanders. The correct prices are now posted. Our apologies for any confusion caused. If only gold was 1242 and silver 18.59, I think we can safely say you will never see those prices for gold and silver again on goldprice.org!

Gold Price Close Today : 1454.90
Change : 2.00 or 0.1%

Silver Price Close Today : 40.235
Change : 0.177 cents or 0.4%

Gold Silver Ratio Today : 36.16
Change : -0.110 or -0.3%

Silver Gold Ratio Today : 0.02765
Change : 0.000084 or 0.3%

Platinum Price Close Today : 1772.50
Change : -0.70 or 0.0%

Palladium Price Close Today : 763.10
Change : -0.40 or -0.1%

S&P 500 : 1,314.41
Change : 0.25 or 0.0%

Dow In GOLD$ : $174.35
Change : $ (0.12) or -0.1%

Dow in GOLD oz : 8.434
Change : -0.006 or -0.1%

Dow in SILVER oz : 304.98
Change : 0.17 or 0.1%

Dow Industrial : 12,270.99
Change : 7.41 or 0.1%

US Dollar Index : 74.99
Change : 0.139 or 0.2%

If you were waiting for a meaningful message from the US DOLLAR INDEX today, you might as well go search the Collected Speeches of Barak Obama for wisdom. Today it rose 13.9 basis points to trade now at 74.992. Notice, if you are not already bored to death by this performance, that it just could not QUITE close over the magic 75.00 number. The stench of death and weakness clogs the air.

The dollar’s leprous colleagues, the euro and yen, did not edify, either. The euro closed at 1.4441, and appears to have hit its new high yesterday and reversed, but follow thru must confirm. The yen has with great spirit and verve rallied up to its 200 day moving average. Don’t count on it penetrating. Lats price I saw was 83.86Y/$ (119.24c/Y100).

A reader rebuked me for my clumsy description of the relation between bonds and yields. It is true that the nominal value of a bond depends on the interest rate stated on its face, but that wasn’t what I was trying to point out. Rather, the price of bonds varies inversely with market interest rates. If rates rise, bond prices fall; if rates fall, bond prices rise. Yield is what the bond will in fact return, taking into account its stated interest rate and market rates. Stated rate never changes, but yield changes with market interest rates. So when bond prices fall without the Federal Reserve changing its benchmark interest rate, that implies the market expects (1) lower dollar prices, or (2) higher interest rates.

Test on Friday.

STOCKS did nothing to build confidence today. Dow’s low came at 12,224.45, a little below its 20 day moving average (12,231), then closed 7.41 gigantic points higher at 12,270.99. S&P500 darted, bobbed, and weaved at a perfectly glacial pace, adding 0.25 — yes, 1/4 of a point — to close 1,314.41.

I feel sort of ashamed about all badmouthing stocks so much — feel sorry for them, so I’ll try to say something really nice about them today. STOCKS are the mercurochrome in the Investing Medicine Chest, but they could hurt worse. They could be the tincture of iodine.

I don’t have a lot of good news about GOLD and SILVER for y’all, but I do have some richly exciting suspicions.

The GOLD PRICE rose $2.00 by the time Comex closed, to $1,454.90. High struck at $1,462, low at $1,450.95. This is not strong at all, but it’s not a breakdown, either. Two things can happen from here: gold can rise, or gold can fall.

Wait, wait, that’s not as dumb as it sounds. Gold’s behavior could be consistent with two opposite outcomes. First, the 5 day chart might be showing us a completed A-B-C correction, with the low yesterday at $1,444. Arguing for that is the uptrend in place (higher highs and lower lows) since Tuesday’s low. The rise we saw from yesterday’s low to today’s high could be the first leg up of a renewed rally. Exciting suspicion, but I have yet another. First, tho, the “Gold can fall” outlook. Gold failed to meet, let alone better, this week’s high, so Monday’s key reversal has still capped the market and will force it further down.

If gold trades below $1,450 tomorrow, it will likely signify lower prices coming. Trading above $1,465 makes higher prices and a renewed rally more likely.

The SILVER PRICE offers more exciting suspicions still. As with gold, the 5day chart shows an embryonic uptrend from Tuesday’s low. It may have completed a correction. More than that, silver closed up 17.7c (no big deal) at 4023.5cd, yet in the aftermarket has traded up nearly 40c to 4062c. And that trading from yesterday’s low looks like a rallying move.

Yet these remain only exciting suspicions, o’ershadowed by that gold’s Monday key reversal, and silver’s failure to rise today above yesterday’s high.

Silver must hold 3960c or tumble quickly earthward. Overhead, clearing 4080c and trading on up would signal the correction is very small and the rally is resuming.

On this day in 1742 Georg Fredric Handel’s Messiah was performed for the first time in Dublin. The fellow who wrote the libretto, whose name nobody remembers, wrote to a friend saying that his libretto was magnificent but he wasn’t so sure about Handel’s music. He might have spoken a bit prematurely.

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.

This Chart Shows Microsoft Stock is a Steal at $25

tdp2664
InvestorPlace
If you're looking for a good stock to buy, I just noticed that there's some sort of software outfit in the Seattle area. Here's a look at Microsoft 's ( $MSFT ) stock and its EPS line. The stock line is in blue and if follows the left scale. EPS is in gold and it follows the right. The two lines are scaled at a ratio of 15-to-1. The forward earnings represent Wall Street's consensus for Microsoft stock. Microsoft is currently expected to earn $2.63 per share in this calendar year which means the stock is trading at about 9.6 times this year's estimate. The S&P 500 is expected to earn 96.69 this year which means it's trading at 13.5 times this year's estimate. That means Microsoft (NASDAQ: MSFT ) is going for a 29% discount to the market's valuation. On top of that, MSFT stock is holding $4.76 in cash which generates almost no income. This means that the "operations" assets of Microsoft are probably going for around eight times earnings. Microsoft stock looks cheap. Ed Elfenbein is editor of Crossing Wall Street, a Web site about stocks and the market designed to help individual investors. Check out his free Buy List of stock recommendations.

This Chart Shows Microsoft Stock is a Steal at $25

If you're looking for a good stock to buy, I just noticed that there's some
sort of software outfit in the Seattle area. Here's a look at Microsoft 's (
$MSFT ) stock and its EPS line. The stock line is in blue and if follows the
left scale. EPS is in gold and it follows the right. The two lines are scaled at
a ratio of 15-to-1. The forward earnings represent Wall Street's consensus for
Microsoft stock. Microsoft is currently expected to earn $2.63 per share in this
calendar year which means the stock is trading at about 9.6 times this year's
estimate. The S&P 500 is expected to earn 96.69 this year which means it's
trading at 13.5 times this year's estimate. That means Microsoft (NASDAQ: MSFT
) is going for a 29% discount to the market's valuation. On top of that, MSFT
stock is holding $4.76 in cash which generates almost no income. This means that
the "operations" assets of Microsoft are probably going for around eight
times earnings. Microsoft stock looks cheap. Ed Elfenbein is editor of Crossing
Wall Street, a Web site about stocks and the market designed to help individual
investors. Check out his free Buy List of stock recommendations.

If Gold Price Trades Below $1,450 Tomorrow, it Will Likely Signify Lower Prices Coming

Editors Note: Please note we posted incorrect gold and silver prices in Franklin
Sanders Commentary yesterday, due to no fault of Franklin Sanders. The correct
prices are now posted. Our apologies for any confusion caused. If only gold was
1242 and silver 18.59, I think we can safely say you will never see those prices
for gold and silver again on goldprice.org! Gold Price Close Today : 1454.90
Change : 2.00 or 0.1% Silver Price Close Today : 40.235 Change : 0.177 cents or
0.4% Gold Silver Ratio Today : 36.16 Change : -0.110 or -0.3% Silver Gold Ratio
Today : 0.02765 Change : 0.000084 or 0.3% Platinum Price Close Today : 1772.50
Change : -0.70 or 0.0% Palladium Price Close Today : 763.10 Change : -0.40 or
-0.1% S&P 500 : 1,314.41 Change : 0.25 or 0.0% Dow In GOLD$ : $174.35 Change : $
(0.12) or -0.1% Dow in GOLD oz : 8.434 Change : -0.006 or -0.1% Dow in SILVER oz
: 304.98 Change : 0.17 or 0.1% Dow Industrial : 12,270.99 Change : 7.41 or 0.1%
US Dollar Index : 74.99 Change : 0.139 or 0.2% If you were waiting for a
meaningful message from the US DOLLAR INDEX today, you might as well go search
the Collected Speeches of Barak Obama for wisdom. Today it rose 13.9 basis
points to trade now at 74.992. Notice, if you are not already bored to death by
this performance, that it just could not QUITE close over the magic 75.00
number. The stench of death and weakness clogs the air. The dollar's leprous
colleagues, the euro and yen, did not edify, either. The euro closed at 1.4441,
and appears to have hit its new high yesterday and reversed, but follow thru
must confirm. The yen has with great spirit and verve rallied up to its 200 day
moving average. Don't count on it penetrating. Lats price I saw was 83.86Y/$
(119.24c/Y100). A reader rebuked me for my clumsy description of the relation
between bonds and yields. It is true that the nominal value of a bond depends on
the interest rate stated on its face, but that wasn't what I was trying to point
out. Rather, the price of bonds varies inversely with market interest rates. If
rates rise, bond prices fall; if rates fall, bond prices rise. Yield is what the
bond will in fact return, taking into account its stated interest rate and
market rates. Stated rate never changes, but yield changes with market interest
rates. So when bond prices fall without the Federal Reserve changing its
benchmark interest rate, that implies the market expects (1) lower dollar
prices, or (2) higher interest rates. Test on Friday. STOCKS did nothing to
build confidence today. Dow's low came at 12,224.45, a little below its 20 day
moving average (12,231), then closed 7.41 gigantic points higher at 12,270.99.
S&P500 darted, bobbed, and weaved at a perfectly glacial pace, adding 0.25 --
yes, 1/4 of a point -- to close 1,314.41. I feel sort of ashamed about all
badmouthing stocks so much -- feel sorry for them, so I'll try to say something
really nice about them today. STOCKS are the mercurochrome in the Investing
Medicine Chest, but they could hurt worse. They could be the tincture of iodine.
I don't have a lot of good news about GOLD and SILVER for y'all, but I do have
some richly exciting suspicions. The GOLD PRICE rose $2.00 by the time Comex
closed, to $1,454.90. High struck at $1,462, low at $1,450.95. This is not
strong at all, but it's not a breakdown, either. Two things can happen from
here: gold can rise, or gold can fall. Wait, wait, that's not as dumb as it
sounds. Gold's behavior could be consistent with two opposite outcomes. First,
the 5 day chart might be showing us a completed A-B-C correction, with the low
yesterday at $1,444. Arguing for that is the uptrend in place (higher highs and
lower lows) since Tuesday's low. The rise we saw from yesterday's low to today's
high could be the first leg up of a renewed rally. Exciting suspicion, but I
have yet another. First, tho, the "Gold can fall" outlook. Gold failed to meet,
let alone better, this week's high, so Monday's key reversal has still capped
the market and will force it further down. If gold trades below $1,450 tomorrow,
it will likely signify lower prices coming. Trading above $1,465 makes higher
prices and a renewed rally more likely. The SILVER PRICE offers more exciting
suspicions still. As with gold, the 5day chart shows an embryonic uptrend from
Tuesday's low. It may have completed a correction. More than that, silver closed
up 17.7c (no big deal) at 4023.5cd, yet in the aftermarket has traded up nearly
40c to 4062c. And that trading from yesterday's low looks like a rallying move.
Yet these remain only exciting suspicions, o'ershadowed by that gold's Monday
key reversal, and silver's failure to rise today above yesterday's high. Silver
must hold 3960c or tumble quickly earthward. Overhead, clearing 4080c and
trading on up would signal the correction is very small and the rally is
resuming. On this day in 1742 Georg Fredric Handel's Messiah was performed for
the first time in Dublin. The fellow who wrote the libretto, whose name nobody
remembers, wrote to a friend saying that his libretto was magnificent but he
wasn't so sure about Handel's music. He might have spoken a bit prematurely.
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.

Gold Price Must Close Higher Tomorrow and Step Out Smartly to a New High to Contradict that Key Reversal

Editors Note: Please note we posted incorrect gold and silver prices in Franklin
Sanders Commentary yesterday, due to no fault of Franklin Sanders. The correct
prices are now posted. Our apologies for any confusion caused. If only gold was
1242 and silver 18.59, I think we can safely say you will never see those prices
for gold and silver again on goldprice.org! Gold Price Close Today : 1467.40
Change : (6.00) or -0.4% Silver Price Close Today : 40.604 Change : 0.004 cents
or 0.0% Gold Silver Ratio Today : 36.14 Change : -0.151 or -0.4% Silver Gold
Ratio Today : 0.02767 Change : 0.000115 or 0.4% Platinum Price Close Today :
1781.50 Change : -29.40 or -1.6% Palladium Price Close Today : 773.75 Change :
-22.50 or -2.8% S&P 500 : 1,324.46 Change : -3.71 or -0.3% Dow In GOLD$ :
$174.42 Change : $ 0.74 or 0.4% Dow in GOLD oz : 8.437 Change : 0.036 or 0.4%
Dow in SILVER oz : 304.92 Change : 0.03 or 0.0% Dow Industrial : 12,381.11
Change : 1.06 or 0.0% US Dollar Index : 75.056 Change : 0.187 or 0.2% Today is
Miss Susan's birthday, so I'll have to make this quick. She wanted to cook her
own birthday supper for the whole family, but a daughter and daughter-in-law
vetoed that. Coincidentally, on this day 150 years ago began the First War for
Southern Independence. 'Twas an odd day, and you'll wear out your fingers and
your patience scrabbling around for invisible reasons behind baffling
contradictions. The DOLLAR INDEX remains in its wallow, but is clearly studying
wallowing lower. After an overnight high at 75.20, the dollar wallowed deeper
and deeper into the mud. Today's 74.704 low was lower still than Friday's. Both
the failure to breach 75.20 and the edgey lower low forecast more wallowing to
come, and a lot lower dollar. Meanwhile wrap -- nay, TRY to wrap -- your
understanding around this little paradox. Bond values vary inversely with bond
yields. A $1,000 bond due in a year that pays 10% interest is worth less than
the same bond that pays 5% interest. Yet today the dollar sinks, reflecting a
shrinking value and, one might conclude, a shrinking BOND value, since the 30
year US treasury bond is denominated in US dollars. Conclude again: today the 30
yr bond rose 0.71%, gapping up, while the yield fell. That also implies the
market is expecting interest rates to fall and the US dollar to rise. Gives me a
headache merely to look upon these charts. Meanwhile the euro, scrofulous
jury-rigged currency of the cobbled-up European Union whose members boast 3
bankrupt countries and another 3 or four bankruptcy candidates, ROSE today to a
new high for the move, 1.4474. And the yen jumped to 83.561Y/$ (119.67c/100Y).
Some say that central banking is the best practical argument for the necessity
of hell. I remain neutral on that point. STOCKS took a bad whipping with a big
stick. Dow lost nearly 1% or 117.53 points to 12,263.58 and the S&P500 followed
right along, losing 10.3 points to close at 1,314.16. Now I'm just a natural
born fool from Tennessee, and not slick and smart like them Wall Street fellows
with the shiny, pointy shoes (New York Fence Climbers, we call 'em), but if I
were painting a chart that had made a double top and rolled over, it would
strongly resemble the Dow chart. Today's plunge fractured support above 12,300,
and dropped toward the 20 day moving average (12,198), first warning of a trend
change. 50 DMA lieth not far removed, a close 12,170. Another drunken day like
today sends the Dow slicing through both of them and leaves Wall Street
investing geniuses with a tolerable lot of explaining to do. Stocks remain the
Lucretia Borgia 2008 merlot at the Great Wine Bar of Investing. The GOLD PRICE
followed through on the downside today, losing 14.50 to end at $1,452.90 on
Comex. Behold, this is good, and this is bad! Good, in that it fell not through
$1,445 but made a low at only $1,446.30 and closed above $1,450. Bad, in that it
could not close through $1,455 resistance. Break the rules only at the risk of
breaking your own neck. The four words an investor is most likely to hear
shortly before he loses copious sums are, "It's different this time." It rarely
is, hence why although gold "feels" much stronger, I confess that today's close
contributes the second and final nail of a key reversal. Yesterday the break
into new high territory with a lower close for the day, followed by a lower
close today. Unless gainsaid by higher, much higher, closes, gold will trade
earthward for a time. Yet recall that the upward trading channel will contain
gold all the way down to $1,430, so without a close below that level 'twill not
seriously cheapen gold. Up above the gold price would have to close higher
tomorrow and step out smartly to a new high to contradict that key reversal.
Friends, looks like the market's handing y'all a wonderful buying opportunity.
SILVER , like gold, attempted a rally to 4085c but failed. Today's low came
about where yesterday's appeared, 3966c, and Comex closed above 4000c at
4005.8c, but that still meant losing 54.6c. Here's one possibility: silver made
its first corrective wave yesterday, rallied in the B-wave today, and tomorrow
will complete the last down wave. However, it cannot fall below 3900c. If it
does, then more downside lies in its future. Notice that the gold/silver ratio
barely rose today, to 36.270. I am neither bold enough nor foolhardy enough to
call Monday the high for this move in silver and gold. If that is true, few
witnesses have yet come forward. Difficulty is that silver is working in what
appears to be a wild third wave up, in territory not traversed since 1981.
Tricky to discern whether silver will yet reach for 4400c or 4600c, or a stout
correction has begun. It goes without saying that if silver rises above 4200c
then we can back-burner the correction worries for a while. On this day in 1861
Abraham "Genocide" Lincoln maneuvered the Confederate States into firing on Fort
Sumter so that he would have an excuse to invade the South. Confederate peace
commissioners had already been to Washington to negotiate the transfer of forts
and magazines on their territory peacefully. Lincoln dallied, delayed, mumbled
out of both sides of his mouth, but refused to come to terms. After promising he
would not re-supply Sumter, he sent a naval expedition to do so. Let's see: he
sends a foreign navy to invade a sovereign nation's soil, after he promised not
to and his own cabinet opposed the move. Clever move, though, since the
misunderstood APPEARANCE of the CSA firing "first" shots at Sumter would give
him an excuse to invade the South. And that's how it was done. On this day in
1864 Confederate Genl. N. Bedford Forrest captured Fort Pillow, Tennessee.
Yankee war propaganda ran lurid reports that Forrest had "slaughtered" the black
troops there. This lie is still repeated today, but is easily refuted. In 1871
or 1872, shortly after the war ended and when one can surmise Forrest found few
friends in the US congress, he was summoned to testify before a congressional
committee about Fort Pillow. After that testimony congress dropped the issue. Is
it likely that Forrest's virulent enemies would have dropped the issue if there
were even a mouse-burp of truth to the charges that he shot troops -- black or
white -- seeking to surrender? AMERICAN CULTURAL MILESTONES: On this day in 1954
Joe Turner released "Shake, Rattle, and Roll." Argentums et aurum comparanda
sunt -- -- Silver and gold must be bought. - Franklin Sanders, The Moneychanger
© 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 or 18 ounces of silver. or 18 ounces of silver. US $ and
US$-denominated assets, primary trend down; real estate bubble has burst,
primary trend down. 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.

Gold Price Must Close Higher Tomorrow and Step Out Smartly to a New High to Contradict that Key Reversal

DG365FD46564GFH654FU898

Editors Note: Please note we posted incorrect gold and silver prices in Franklin Sanders Commentary yesterday, due to no fault of Franklin Sanders. The correct prices are now posted. Our apologies for any confusion caused. If only gold was 1242 and silver 18.59, I think we can safely say you will never see those prices for gold and silver again on goldprice.org!

Gold Price Close Today : 1467.40
Change : (6.00) or -0.4%

Silver Price Close Today : 40.604
Change : 0.004 cents or 0.0%

Gold Silver Ratio Today : 36.14
Change : -0.151 or -0.4%

Silver Gold Ratio Today : 0.02767
Change : 0.000115 or 0.4%

Platinum Price Close Today : 1781.50
Change : -29.40 or -1.6%

Palladium Price Close Today : 773.75
Change : -22.50 or -2.8%

S&P 500 : 1,324.46
Change : -3.71 or -0.3%

Dow In GOLD$ : $174.42
Change : $ 0.74 or 0.4%

Dow in GOLD oz : 8.437
Change : 0.036 or 0.4%

Dow in SILVER oz : 304.92
Change : 0.03 or 0.0%

Dow Industrial : 12,381.11
Change : 1.06 or 0.0%

US Dollar Index : 75.056
Change : 0.187 or 0.2%

Today is Miss Susan’s birthday, so I’ll have to make this quick. She wanted to cook her own birthday supper for the whole family, but a daughter and daughter-in-law vetoed that. Coincidentally, on this day 150 years ago began the First War for Southern Independence.

‘Twas an odd day, and you’ll wear out your fingers and your patience scrabbling around for invisible reasons behind baffling contradictions.

The DOLLAR INDEX remains in its wallow, but is clearly studying wallowing lower. After an overnight high at 75.20, the dollar wallowed deeper and deeper into the mud. Today’s 74.704 low was lower still than Friday’s. Both the failure to breach 75.20 and the edgey lower low forecast more wallowing to come, and a lot lower dollar.

Meanwhile wrap — nay, TRY to wrap — your understanding around this little paradox. Bond values vary inversely with bond yields. A $1,000 bond due in a year that pays 10% interest is worth less than the same bond that pays 5% interest. Yet today the dollar sinks, reflecting a shrinking value and, one might conclude, a shrinking BOND value, since the 30 year US treasury bond is denominated in US dollars. Conclude again: today the 30 yr bond rose 0.71%, gapping up, while the yield fell. That also implies the market is expecting interest rates to fall and the US dollar to rise.

Gives me a headache merely to look upon these charts.

Meanwhile the euro, scrofulous jury-rigged currency of the cobbled-up European Union whose members boast 3 bankrupt countries and another 3 or four bankruptcy candidates, ROSE today to a new high for the move, 1.4474. And the yen jumped to 83.561Y/$ (119.67c/100Y).

Some say that central banking is the best practical argument for the necessity of hell. I remain neutral on that point.

STOCKS took a bad whipping with a big stick. Dow lost nearly 1% or 117.53 points to 12,263.58 and the S&P500 followed right along, losing 10.3 points to close at 1,314.16.

Now I’m just a natural born fool from Tennessee, and not slick and smart like them Wall Street fellows with the shiny, pointy shoes (New York Fence Climbers, we call ‘em), but if I were painting a chart that had made a double top and rolled over, it would strongly resemble the Dow chart. Today’s plunge fractured support above 12,300, and dropped toward the 20 day moving average (12,198), first warning of a trend change. 50 DMA lieth not far removed, a close 12,170. Another drunken day like today sends the Dow slicing through both of them and leaves Wall Street investing geniuses with a tolerable lot of explaining to do.

Stocks remain the Lucretia Borgia 2008 merlot at the Great Wine Bar of Investing.

The GOLD PRICE followed through on the downside today, losing 14.50 to end at $1,452.90 on Comex.

Behold, this is good, and this is bad! Good, in that it fell not through $1,445 but made a low at only $1,446.30 and closed above $1,450. Bad, in that it could not close through $1,455 resistance.

Break the rules only at the risk of breaking your own neck. The four words an investor is most likely to hear shortly before he loses copious sums are, “It’s different this time.” It rarely is, hence why although gold “feels” much stronger, I confess that today’s close contributes the second and final nail of a key reversal. Yesterday the break into new high territory with a lower close for the day, followed by a lower close today. Unless gainsaid by higher, much higher, closes, gold will trade earthward for a time.

Yet recall that the upward trading channel will contain gold all the way down to $1,430, so without a close below that level ’twill not seriously cheapen gold.

Up above the gold price would have to close higher tomorrow and step out smartly to a new high to contradict that key reversal.

Friends, looks like the market’s handing y’all a wonderful buying opportunity.

SILVER, like gold, attempted a rally to 4085c but failed. Today’s low came about where yesterday’s appeared, 3966c, and Comex closed above 4000c at 4005.8c, but that still meant losing 54.6c.

Here’s one possibility: silver made its first corrective wave yesterday, rallied in the B-wave today, and tomorrow will complete the last down wave. However, it cannot fall below 3900c. If it does, then more downside lies in its future.

Notice that the gold/silver ratio barely rose today, to 36.270.

I am neither bold enough nor foolhardy enough to call Monday the high for this move in silver and gold. If that is true, few witnesses have yet come forward. Difficulty is that silver is working in what appears to be a wild third wave up, in territory not traversed since 1981. Tricky to discern whether silver will yet reach for 4400c or 4600c, or a stout correction has begun.

It goes without saying that if silver rises above 4200c then we can back-burner the correction worries for a while.

On this day in 1861 Abraham “Genocide” Lincoln maneuvered the Confederate States into firing on Fort Sumter so that he would have an excuse to invade the South. Confederate peace commissioners had already been to Washington to negotiate the transfer of forts and magazines on their territory peacefully. Lincoln dallied, delayed, mumbled out of both sides of his mouth, but refused to come to terms. After promising he would not re-supply Sumter, he sent a naval expedition to do so. Let’s see: he sends a foreign navy to invade a sovereign nation’s soil, after he promised not to and his own cabinet opposed the move. Clever move, though, since the misunderstood APPEARANCE of the CSA firing “first” shots at Sumter would give him an excuse to invade the South.

And that’s how it was done.

On this day in 1864 Confederate Genl. N. Bedford Forrest captured Fort Pillow, Tennessee. Yankee war propaganda ran lurid reports that Forrest had “slaughtered” the black troops there. This lie is still repeated today, but is easily refuted. In 1871 or 1872, shortly after the war ended and when one can surmise Forrest found few friends in the US congress, he was summoned to testify before a congressional committee about Fort Pillow. After that testimony congress dropped the issue. Is it likely that Forrest’s virulent enemies would have dropped the issue if there were even a mouse-burp of truth to the charges that he shot troops — black or white — seeking to surrender?

AMERICAN CULTURAL MILESTONES: On this day in 1954 Joe Turner released “Shake, Rattle, and Roll.” Argentums et aurum comparanda sunt –

– Silver and gold must be bought.

- Franklin Sanders, The Moneychanger © 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 or 18 ounces of silver. or 18 ounces of silver. US $ and US$-denominated assets, primary trend down; real estate bubble has burst, primary trend down.

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.

Gold Price Will Move Higher Tomorrow

DG365FD46564GFH654FU898

Gold Price Close Today : 1471.70
Change : 16.80 or 1.2%

Silver Price Close Today : 41.661
Change : 1.426 cents or 3.5%

Gold Silver Ratio Today : 35.33
Change : -0.834 or -2.3%

Silver Gold Ratio Today : 0.02831
Change : 0.000653 or 2.4%

Platinum Price Close Today : 1795.60
Change : 23.10 or 1.3%

Palladium Price Close Today : 773.05
Change : 9.95 or 1.3%

S&P 500 : 1,314.52
Change : 0.11 or 0.0%

Dow In GOLD$ : $172.56
Change : $ (1.77) or -1.0%

Dow in GOLD oz : 8.348
Change : -0.086 or -1.0%

Dow in SILVER oz : 294.88
Change : 0.24 or 0.1%

Dow Industrial : 12,285.15
Change : 14.16 or 0.1%

US Dollar Index : 74.69
Change : -0.291 or -0.4%

I don’t get paid to worry, but I worry anyway. The GOLD PRICE performed splendidly today. By the time Comex locked the door gold had added $16.80 to close at $1,471.70.

So what am I worrying about? That is a fine first step to resuming a rally, but reached only the last high close at $1,473.40. What if it’s a double top, made specially to confound and mislead me? If the rally is resuming, gold tomorrow will jump through $1,475.00, and must not fall below $1,455.

I will commit myself: gold will move higher tomorrow. There’s too much steam under this move, BICBW.

The SILVER PRICE rose a jaw-dropping 3.4% today, up 142.6c to 4166.1. High came at 4219c. This makes a new high close for silver and a new low for the gold/silver ratio at 35.326.

Okay, I confess this is wilder than I can handle, stronger than a garlic milkshake, and I haven’t the least clue how long it will run or where it will reach. Clearly gold should clear $1,500 and rise further. Silver might reach 4400c or 4600c, there simply are no yardsticks to measure this move. Sorry. However, the peak season is upon us and surely they will both have peaked and slowed down by mid or end May. Surely, BICBW.

Underlying all my thoughts is the conviction (there’s a dangerous word) that this rally will power ahead substantially, and that today’s closes do not constitute a double top in gold. Tomorrow will immediately and directly inform us, because if that gold drops below $1,455, the buying panic will become a selling panic.

Ain’t this fun?

Watching the US DOLLAR today was like watching racing snails darting around the track. It keeps on creeping lower. Ladies and Gentlemen, ’tis not force majeure of the market driving it lower, ’tis the rotten Fed and the administration letting it fall lower. At 74.689 (down 29.1 basis points this day) the dollar stands smack on its last low. Once again today it tried to rally, actually reached higher than yesterday, (75.15 against 75.10), but again collapsed as yesterday. Time to fish or cut bait: dollar holds here or sinks to 74, then 70.70.

Face it: the administration and the Fed are depreciating your wealth and your currency to solve problems they created. Clever idea, balancing their mistakes on your back, Mushrooms.

Euro has struck a roadblock at 1,450. Uptrend is unbroken. Stands now at 1.4489. Yen penetrated its 200 DMA heading upward and now stands at Y83.44/$ (118.94c/Y100). Looks like the Nice Government Men in Japan drove it down a bit too far.

And if you tire of the snail race in the US dollar, move on over to the STOCK track. The mighty Dow rose 14.16 points to 12,285.15. The S&P500 — that’s the one with the lightning bolts painted on its shell — gained 0.11 to 1,314.52. Basically that’s about as much as a rounding error.

Stocks traded below the waterline all day, and only jumped up at day’s end. Whoa! Whose fingerprints are those? Could they belong to the NGM?

On this day in 1912 the passenger liner Titanic, on its maiden voyage, hit an iceberg and began to sink. Widely advertised as unsinkable thanks to its advanced engineering, it sank anyway, taking 1,517 lives to the bottom. 700 survived. So much for trusting technology.

On this day in 1995 Burl Ives died. Y’all are probably too young to remember him, but he acted in hundreds of movies, usually with his guitar in hand. He was almost always fun.

Argentum et aurum comparenda sunt — – Gold and silver must be bought.

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com
Phone: (888) 218-9226 or (931) 766-6066

© 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.

The Gold Price Broke Out, So Buy

DG365FD46564GFH654FU898

Gold Price Close Today : 1,485.30
Gold Price Close 8-Apr : 1,473.40
Change : 11.90 or 0.8%

Silver Price Close Today : 4256.6
Silver Price Close 8-Apr : 4060
Change : 196.60 cents or 4.8%

Gold Silver Ratio Today : 34.894
Gold Silver Ratio 8-Apr : 36.291
Change : -1.40 or -3.8%

Silver Gold Ratio : 0.02866
Silver Gold Ratio 8-Apr : 0.02756
Change : 0.00110 or 4.0%

Dow in Gold Dollars : $ 171.79
Dow in Gold Dollars 8-Apr : $ 173.69
Change : $ (1.91) or -1.1%

Dow in Gold Ounces : 8.310
Dow in Gold Ounces 8-Apr : 8.402
Change : -0.09 or -1.1%

Dow in Silver Ounces : 289.98
Dow in Silver Ounces 8-Apr : 304.93
Change : -14.95 or -4.9%

Dow Industrial : 12,343.16
Dow Industrial 8-Apr : 12,380.05
Change : -36.89 or -0.3%

S&P 500 : 1,319.68
S&P 500 8-Apr : 1,328.17
Change : -8.49 or -0.6%

US Dollar Index : 74.873
US Dollar Index 8-Apr : 74.869
Change : 0.004 or 0.0%

Platinum Price Close Today : 1,791.50
Platinum Price Close 8-Apr : 1,810.90
Change : -19.40 or -1.1%

Palladium Price Close Today : 769.70
Palladium Price Close 8-Apr : 796.25
Change : -26.55 or -3.3%

Just the facts, ma’am. What says the scoreboard at week’s end? The SILVER PRICE blew past everybody else with a 196.6c gain, or 4.8%. The GOLD PRICE gained less in a week of correction. The gold silver ratio fell 3.8%. Stocks and the US dollar were flat as Blundering Ben Bernanke’s head.

STOCKS ended the week lower than they began, a net loss. This market has double-topped, and it’s doubtful — as doubtful as a hog learning table manners — that stocks will go higher before they go lower. The Dow in Gold Dollars has worked down to the verge of support of the last six month’s range. Today it closed at G$171.79 or 8.310 ounces of gold to buy the Dow. I won’t even talk about stocks in silver, which this week fell from 304.93 ounces to buy the Dow to 289.98, another new low. These indicators are hinting that stocks are about to lose value sharply to silver and gold.

The US DOLLAR INDEX stole back today about 2/3 of what it lost yesterday. Watching the dollar the last few days has been almost as much fun as waiting for eggs to hatch. It has been chained in a tight range of 74.65 to 75 — aww, be generous and call it 75.10. Can’t move. This might show the dollar trying to begin bottoming, but if it closes below 74.25, it will sink like a safe pushed off the 17th floor.

Euro could not make any headway against this week’s new intraday high at 1.4519, and once again might be making an island reversal. The pride of Japan, the Yen, gained this week at least back to the range it had traded in from November through March. Closed today at Y83.04/$ (120l.42c/Y100).

Nothing much remains to be said about gold. It set up what resembles an upside down head and shoulders from November through March, and broke out this past week through the neckline headed for at least $1,525, maybe $1,600. Y’all can argue with that if you want, but it will get you no further than arguing with a steam roller. Today alone the gold price rose $13.60 to $1,485.30 and in the aftermarket is trading $1,486.40. I checked out the 20 and 200 day moving averages and gold’s position relative to those is NOT YET overbought, not at all. That whispers that gold can rise much higher.

Logic and sound trading strategy demand you buy (1) on a correction toward the bottom channel line, or (2) on a breakout. The gold price broke out, so buy.

Volatile SILVER has become manic. Not only did it rise 4.8% this week, it added 90.5c today alone to close on Comex at 4256.6c. In the aftermarket it rose to 4304.5c.

Clearly the SILVER PRICE is on some wild tear I can’t quite parse, yet I checked its relation to the 20 and 200 day moving averages, and it has not yet reached the extreme overbought levels of previous peaks. That suggests the silver price can climb quite a bit more. If gold reaches $1,600 and the gold/silver ratio drops to 32, that brings us to $50 silver. Yet some time not too far distant there will come a correction. That’s why I recommend locking in your silver profits IN OUNCES OF GOLD by swapping silver for gold now.

SILVER will go higher next week. Seasonal charts warn that some peak may lie close ahead.

SPECIAL OFFER:

Modern issue US commemorative $5 and $10 gold pieces carry no appreciable premium over gold. I bought some and want to move them on, so I can sell them at $372 for the $5 and $744 for the $10 Olympic commemorative. The gold $5 commem contains 0.2418 ounce of gold and the gold $10 contains 0.48375 oz, so I’m selling these at a 3.5% premium over their gold content.

I will sell lots of Seven (7) each $5 gold commems for $2,604 plus $25 shipping. A $10 gold counts as two $5 golds, so you can order one $10 and five $5s and that equals Seven $5s.

I have only forty-seven (47) of the $5s and nine (9) of the $10s. Once they are gone I cannot re-order at these prices.

Here are two other specials:

I have only Fifty-two each Netherlands ten guilders containing 0.1947 oz fine gold. I’ll sell these in lots of Eight (8) coins at $299.50 each plus $25.00 shipping, or a total of $2,421. No re-orders or back-orders at these prices, which are 3.5% over melt.

In the back of the drawer were Seven only pre-1915 German 20 marks with 0.2304 ounces of gold each. I will sell this lot of seven for $354.50 apiece plus $25 shipping or a total of $2,506.50 (3.5% premium over gold).

Also hidden back there were 80 Swiss 20 francs and 90 French 20 francs. Twenty francs contain 0.1867 troy ounce of fine gold. I’ll sell them at a 4.5% premium over gold or $290.00 each in lots of ten coins each plus $25 shipping for $2,925.00.

I also have a lot of Fifteen Italian 20 Lira, same 0.1867 troy ounce of gold, as a single lot for $4,375.00 with shipping.

We will not enter orders for less than the minimums shown above. You may order more than one lot, but not in increments of less than one lot. That is, you may order 8 Netherlands ten guilders or 16 or 24, but not 9 or 17.

First come, first served, and no re-orders at these prices. I will write orders based on the time I receive your e-mail. Spot gold basis for all prices above is $1,486.40. Ordering Instructions:

1. You may order only by e-mail to franklin@the-moneychanger.com

Your email MUST include your complete name, address, and phone number. Please mention you saw this offer on goldprice.org. We cannot ship to you without your address. Sorry, we cannot ship outside the United States or to Tennessee.

2. Orders are on a first-come, first-served basis until supply is exhausted.

3. “First-come, first-served” means that we will enter the orders in the order that we receive them by email.

4. If your order is filled , we will email you a confirmation. If you do not receive a confirmation, you order was not filled.

5. You will need to send payment by personal check or bank wire (either one is fine) within 48 hours. It just needs to be in the mail, not in our hands, in 48 hours.

6. We will allow fourteen (14) days for personal checks to clear before we ship. If your hurry is greater than that, you can send a bank wire. Once we ship, the post office takes four to fourteen days to get the registered mail package to you. All in all, you’ll see your order in about one month. Next week several of us will be out of the office and so we will not make any shipments next week (18-22 April).

Argentum et aurum comparenda sunt — – Gold and silver must be bought.

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com
Phone: (888) 218-9226 or (931) 766-6066

© 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.

The Gold Price Broke Out, So Buy

Gold Price Close Today : 1,485.30 Gold Price Close 8-Apr : 1,473.40 Change :
11.90 or 0.8% Silver Price Close Today : 4256.6 Silver Price Close 8-Apr : 4060
Change : 196.60 cents or 4.8% Gold Silver Ratio Today : 34.894 Gold Silver Ratio
8-Apr : 36.291 Change : -1.40 or -3.8% Silver Gold Ratio : 0.02866 Silver Gold
Ratio 8-Apr : 0.02756 Change : 0.00110 or 4.0% Dow in Gold Dollars : $ 171.79
Dow in Gold Dollars 8-Apr : $ 173.69 Change : $ (1.91) or -1.1% Dow in Gold
Ounces : 8.310 Dow in Gold Ounces 8-Apr : 8.402 Change : -0.09 or -1.1% Dow in
Silver Ounces : 289.98 Dow in Silver Ounces 8-Apr : 304.93 Change : -14.95 or
-4.9% Dow Industrial : 12,343.16 Dow Industrial 8-Apr : 12,380.05 Change :
-36.89 or -0.3% S&P 500 : 1,319.68 S&P 500 8-Apr : 1,328.17 Change : -8.49 or
-0.6% US Dollar Index : 74.873 US Dollar Index 8-Apr : 74.869 Change : 0.004 or
0.0% Platinum Price Close Today : 1,791.50 Platinum Price Close 8-Apr : 1,810.90
Change : -19.40 or -1.1% Palladium Price Close Today : 769.70 Palladium Price
Close 8-Apr : 796.25 Change : -26.55 or -3.3% Just the facts, ma'am. What says
the scoreboard at week's end? The SILVER PRICE blew past everybody else with a
196.6c gain, or 4.8%. The GOLD PRICE gained less in a week of correction. The
gold silver ratio fell 3.8%. Stocks and the US dollar were flat as Blundering
Ben Bernanke's head. STOCKS ended the week lower than they began, a net loss.
This market has double-topped, and it's doubtful -- as doubtful as a hog
learning table manners -- that stocks will go higher before they go lower. The
Dow in Gold Dollars has worked down to the verge of support of the last six
month's range. Today it closed at G$171.79 or 8.310 ounces of gold to buy the
Dow. I won't even talk about stocks in silver, which this week fell from 304.93
ounces to buy the Dow to 289.98, another new low. These indicators are hinting
that stocks are about to lose value sharply to silver and gold. The US DOLLAR
INDEX stole back today about 2/3 of what it lost yesterday. Watching the dollar
the last few days has been almost as much fun as waiting for eggs to hatch. It
has been chained in a tight range of 74.65 to 75 -- aww, be generous and call it
75.10. Can't move. This might show the dollar trying to begin bottoming, but if
it closes below 74.25, it will sink like a safe pushed off the 17th floor. Euro
could not make any headway against this week's new intraday high at 1.4519, and
once again might be making an island reversal. The pride of Japan, the Yen,
gained this week at least back to the range it had traded in from November
through March. Closed today at Y83.04/$ (120l.42c/Y100). Nothing much remains to
be said about gold. It set up what resembles an upside down head and shoulders
from November through March, and broke out this past week through the neckline
headed for at least $1,525, maybe $1,600. Y'all can argue with that if you want,
but it will get you no further than arguing with a steam roller. Today alone the
gold price rose $13.60 to $1,485.30 and in the aftermarket is trading $1,486.40.
I checked out the 20 and 200 day moving averages and gold's position relative to
those is NOT YET overbought, not at all. That whispers that gold can rise much
higher. Logic and sound trading strategy demand you buy (1) on a correction
toward the bottom channel line, or (2) on a breakout. The gold price broke out,
so buy. Volatile SILVER has become manic. Not only did it rise 4.8% this week,
it added 90.5c today alone to close on Comex at 4256.6c. In the aftermarket it
rose to 4304.5c. Clearly the SILVER PRICE is on some wild tear I can't quite
parse, yet I checked its relation to the 20 and 200 day moving averages, and it
has not yet reached the extreme overbought levels of previous peaks. That
suggests the silver price can climb quite a bit more. If gold reaches $1,600 and
the gold/silver ratio drops to 32, that brings us to $50 silver. Yet some time
not too far distant there will come a correction. That's why I recommend locking
in your silver profits IN OUNCES OF GOLD by swapping silver for gold now. SILVER
will go higher next week. Seasonal charts warn that some peak may lie close
ahead. SPECIAL OFFER: Modern issue US commemorative $5 and $10 gold pieces carry
no appreciable premium over gold. I bought some and want to move them on, so I
can sell them at $372 for the $5 and $744 for the $10 Olympic commemorative. The
gold $5 commem contains 0.2418 ounce of gold and the gold $10 contains 0.48375
oz, so I'm selling these at a 3.5% premium over their gold content. I will sell
lots of Seven (7) each $5 gold commems for $2,604 plus $25 shipping. A $10 gold
counts as two $5 golds, so you can order one $10 and five $5s and that equals
Seven $5s. I have only forty-seven (47) of the $5s and nine (9) of the $10s.
Once they are gone I cannot re-order at these prices. Here are two other
specials: I have only Fifty-two each Netherlands ten guilders containing 0.1947
oz fine gold. I'll sell these in lots of Eight (8) coins at $299.50 each plus
$25.00 shipping, or a total of $2,421. No re-orders or back-orders at these
prices, which are 3.5% over melt. In the back of the drawer were Seven only
pre-1915 German 20 marks with 0.2304 ounces of gold each. I will sell this lot
of seven for $354.50 apiece plus $25 shipping or a total of $2,506.50 (3.5%
premium over gold). Also hidden back there were 80 Swiss 20 francs and 90 French
20 francs. Twenty francs contain 0.1867 troy ounce of fine gold. I'll sell them
at a 4.5% premium over gold or $290.00 each in lots of ten coins each plus $25
shipping for $2,925.00. I also have a lot of Fifteen Italian 20 Lira, same
0.1867 troy ounce of gold, as a single lot for $4,375.00 with shipping. We will
not enter orders for less than the minimums shown above. You may order more than
one lot, but not in increments of less than one lot. That is, you may order 8
Netherlands ten guilders or 16 or 24, but not 9 or 17. First come, first served,
and no re-orders at these prices. I will write orders based on the time I
receive your e-mail. Spot gold basis for all prices above is $1,486.40. Ordering
Instructions: 1. You may order only by e-mail to franklin@the-moneychanger.com
Your email MUST include your complete name, address, and phone number. Please
mention you saw this offer on goldprice.org. We cannot ship to you without your
address. Sorry, we cannot ship outside the United States or to Tennessee. 2.
Orders are on a first-come, first-served basis until supply is exhausted. 3.
"First-come, first-served" means that we will enter the orders in the order that
we receive them by email. 4. If your order is filled , we will email you a
confirmation. If you do not receive a confirmation, you order was not filled. 5.
You will need to send payment by personal check or bank wire (either one is
fine) within 48 hours. It just needs to be in the mail, not in our hands, in 48
hours. 6. We will allow fourteen (14) days for personal checks to clear before
we ship. If your hurry is greater than that, you can send a bank wire. Once we
ship, the post office takes four to fourteen days to get the registered mail
package to you. All in all, you'll see your order in about one month. Next week
several of us will be out of the office and so we will not make any shipments
next week (18-22 April). Argentum et aurum comparenda sunt -- -- Gold and silver
must be bought. - Franklin Sanders, The Moneychanger The-MoneyChanger.com Phone:
(888) 218-9226 or (931) 766-6066 © 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.

Gold Price Will Move Higher Tomorrow

Gold Price Close Today : 1471.70 Change : 16.80 or 1.2% Silver Price Close
Today : 41.661 Change : 1.426 cents or 3.5% Gold Silver Ratio Today : 35.33
Change : -0.834 or -2.3% Silver Gold Ratio Today : 0.02831 Change : 0.000653 or
2.4% Platinum Price Close Today : 1795.60 Change : 23.10 or 1.3% Palladium Price
Close Today : 773.05 Change : 9.95 or 1.3% S&P 500 : 1,314.52 Change : 0.11 or
0.0% Dow In GOLD$ : $172.56 Change : $ (1.77) or -1.0% Dow in GOLD oz : 8.348
Change : -0.086 or -1.0% Dow in SILVER oz : 294.88 Change : 0.24 or 0.1% Dow
Industrial : 12,285.15 Change : 14.16 or 0.1% US Dollar Index : 74.69 Change :
-0.291 or -0.4% I don't get paid to worry, but I worry anyway. The GOLD PRICE
performed splendidly today. By the time Comex locked the door gold had added
$16.80 to close at $1,471.70. So what am I worrying about? That is a fine first
step to resuming a rally, but reached only the last high close at $1,473.40.
What if it's a double top, made specially to confound and mislead me? If the
rally is resuming, gold tomorrow will jump through $1,475.00, and must not fall
below $1,455. I will commit myself: gold will move higher tomorrow. There's too
much steam under this move, BICBW. The SILVER PRICE rose a jaw-dropping 3.4%
today, up 142.6c to 4166.1. High came at 4219c. This makes a new high close for
silver and a new low for the gold/silver ratio at 35.326. Okay, I confess this
is wilder than I can handle, stronger than a garlic milkshake, and I haven't the
least clue how long it will run or where it will reach. Clearly gold should
clear $1,500 and rise further. Silver might reach 4400c or 4600c, there simply
are no yardsticks to measure this move. Sorry. However, the peak season is upon
us and surely they will both have peaked and slowed down by mid or end May.
Surely, BICBW. Underlying all my thoughts is the conviction (there's a dangerous
word) that this rally will power ahead substantially, and that today's closes do
not constitute a double top in gold. Tomorrow will immediately and directly
inform us, because if that gold drops below $1,455, the buying panic will become
a selling panic. Ain't this fun? Watching the US DOLLAR today was like watching
racing snails darting around the track. It keeps on creeping lower. Ladies and
Gentlemen, 'tis not force majeure of the market driving it lower, 'tis the
rotten Fed and the administration letting it fall lower. At 74.689 (down 29.1
basis points this day) the dollar stands smack on its last low. Once again today
it tried to rally, actually reached higher than yesterday, (75.15 against
75.10), but again collapsed as yesterday. Time to fish or cut bait: dollar holds
here or sinks to 74, then 70.70. Face it: the administration and the Fed are
depreciating your wealth and your currency to solve problems they created.
Clever idea, balancing their mistakes on your back, Mushrooms. Euro has struck a
roadblock at 1,450. Uptrend is unbroken. Stands now at 1.4489. Yen penetrated
its 200 DMA heading upward and now stands at Y83.44/$ (118.94c/Y100). Looks like
the Nice Government Men in Japan drove it down a bit too far. And if you tire of
the snail race in the US dollar, move on over to the STOCK track. The mighty Dow
rose 14.16 points to 12,285.15. The S&P500 -- that's the one with the lightning
bolts painted on its shell -- gained 0.11 to 1,314.52. Basically that's about as
much as a rounding error. Stocks traded below the waterline all day, and only
jumped up at day's end. Whoa! Whose fingerprints are those? Could they belong to
the NGM? On this day in 1912 the passenger liner Titanic, on its maiden voyage,
hit an iceberg and began to sink. Widely advertised as unsinkable thanks to its
advanced engineering, it sank anyway, taking 1,517 lives to the bottom. 700
survived. So much for trusting technology. On this day in 1995 Burl Ives died.
Y'all are probably too young to remember him, but he acted in hundreds of
movies, usually with his guitar in hand. He was almost always fun. Argentum et
aurum comparenda sunt -- -- Gold and silver must be bought. - Franklin Sanders,
The Moneychanger The-MoneyChanger.com Phone: (888) 218-9226 or (931) 766-6066 ©
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.