Wednesday, February 29, 2012

Gold Price Close Today $1,709.90 Down $77.10

Gold Price Close Today : 1,709.90 Change : -77.10 or -4.5% Silver Price Close
Today : 34.58 Change : -2.56 or -7.4% Platinum Price Close Today : 1,691.10
Change : -30.90 or -1.8% Palladium Price Close Today : 706.65 Change : -13.10 or
-1.9% Gold Silver Ratio Today : 49.45 Change : 1.33 or 1.03% Dow Industrial :
13,005.12 Change : 23.61 or 0.2% US Dollar Index : 78.19 Change : -0.38 or -0.5%
Franklin Sanders has not published any commentary today, if he publishes later
it will be available here. 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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