Gold Price Close Today : 1611.90 Change : 12.20 or 0.8% Silver Price Close
Today : 2906.30 Change : 47.0 cents or -1.6% Gold Silver Ratio Today : 55.462
Change : 1.296 or 2.4% Silver Gold Ratio Today : 0.01803 Change : -0.000431 or
-2.3% Platinum Price Close Today : 1418.00 Change : -17.00 or -1.2% Palladium
Price Close Today : 651.15 Change : -16.10 or -2.4% S&P 500 : 1,277.30 Change :
0.24 or 0.0% Dow In GOLD$ : $159.26 Change : $ (0.93) or -0.6% Dow in GOLD oz :
7.704 Change : -0.045 or -0.6% Dow in SILVER oz : 427.29 Change : 7.51 or 1.8%
Dow Industrial : 12,418.42 Change : 21.04 or 0.2% US Dollar Index : 80.09 Change
: -0.476 or -0.6% Today the GOLD PRICE moved ahead on its way to a meeting with
$1,625 resistance. Rose $12.20 to $1,611.90 on Comex. Silver, perversely, fell
47c to 2906.3c. Now that the GOLD PRICE has climbed above $1,600, it must hold
on there or crash badly. It has pointed its hood ornament at $1,675/$1,680,
lateral resistance and the 150 day moving average (now 1,672.42). Whether GOLD
has already bottomed or must be sent back to suffer more indignities makes
little difference. It will have turned back up before this first quarter is
over. Silver and gold will end 2012 much higher. Overhead the SILVER PRICE is
knocking at 2970c. Chart has congested, digesting yesterday's rise. Tomorrow
Silver will break one way or the other, most like upward. Low today came at
2894, so silver must defend that 2900c area. GOLD/SILVER RATIO may have fooled
me. May not reach 57.5:1, but over the years I have learned to wait for my
target, so I will wait. Most important aspect of investing seems the one
principle almost nobody knows, including investment "professionals" and
financial planners. It's simple: ALWAYS ALIGN YOUR INVESTMENTS WITH THE PRIMARY
TREND. That's the trend that runs for 15-20 years, up or down. If it's up, you
buy it and hold it. If it's down, you sell it and stay out or short it. NEVER
buy a bull market position and trade in and out, trying to catch the highs and
lows. You ain't that good. Hardly anybody is, and you'll only lose your position
and your money trying. Bear market (primary down trend) began in stocks and the
US dollar in 2000, and it's still running. Bull market in silver and gold began
in 2001, and it's still running. Best investment strategy is to climb aboard the
primary trend and ride it till it ends. Not fancy, no long fake-eyelashes, not
flashy, it just makes money. Whenever a sharp bull market correction makes you
question yourself, remember: bull market quandaries eventually resolve to the
upside. Go look at the silver chart, 2008 - now, if you need an example. But of
course, I don't wear them fancy, pointy shoes like them financial planner and
experts, and I don't have any fancy degrees either. I'm just a natural born fool
from Tennessee --- who was advising people to get out of stocks back in 2001.
But what do I know? Dollar index made a rounding bottom (or upside-down head and
shoulders) over the last three trading days. Unless it drops below 80, that
pattern will hold and send the dollar higher, to 81.1 at least. Close below 80
negates that outlook. Euro gapped down today, utterly gainsaying yesterday's pin
prick across the downtrend line. Closed down 0.87% at 1.2940. Looking for
1.2000. Yen sidestepped today, flat, but holding on to the break above the trend
line. Ended at 130.37c/Y100 (Y76.70/$1). Itching to move higher. Tired out by
yesterday's gains, stocks took a rest today. Dow rose 0.17% (21.04 points) to
12,418.42. S&P500 rose 0.2% (0.24%) to 1,277.30. I don't get it. Economy's
future remains burdened by massive bad debts and malinvestment from the last
boom cycle -- shucks, from the booms since 1913. Apparently at midnight a.m., 1
January 2012, some Great Wheel turned that will fix everything. At least, that's
how the stock market is acting, but I reckon somebody forgot to tell me about
the Great Wheel's turning. Add to that what seems to be the Federal Reserve's
resolve to keep on inflating, which is the only cure they know and the one cure
that won't help. Oh, and the Bernancubus and Co. have announced that they're
going to be more transparent and announce what course they expect interest rates
to follow, which gives them a chance at making even more mistakes in uncharted
waters. Whoops -- they made that decision to be more open at last month's
meeting, but kept it a secret until today. The Three Stooges weren't this
ridiculous. Curly, Larry, and Moe are in charge of national monetary policy!
Argentum et aurum comparenda sunt -- -- Gold and silver must be bought. -
Franklin Sanders, The Moneychanger The-MoneyChanger.com © 2012, 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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