Gold Price Close Today : 1746.40 Change : 23.60 or 1.37% Silver Price Close
Today : 3416.50 Change : 44.30 cents or 1.31% Gold Silver Ratio Today : 51.117
Change : 0.028 or 0.06% Silver Gold Ratio Today : 0.01956 Change : -0.000011 or
-0.06% Platinum Price Close Today : 1650.30 Change : 28.80 or 1.78% Palladium
Price Close Today : 707.45 Change : 2.45 or 0.35% S&P 500 : 1,347.29 Change :
2.96 or 0.22% Dow In GOLD$ : $152.56 Change : $ (1.55) or -1.01% Dow in GOLD oz
: 7.380 Change : -0.075 or -1.01% Dow in SILVER oz : 377.25 Change : -3.66 or
-0.96% Dow Industrial : 12,888.76 Change : 43.63 or 0.34% US Dollar Index :
78.52 Change : -0.553 or -0.70% The GOLD PRICE rolled back all its losses since
last Friday, and banged on $1,750 resistance as well with a $1,749.71 high. Rose
$23.60 to $1,746.40 on Comex. This is good and not so good. It leaves yesterday
looking like a bottom at $1,710 (today's low), and a leap up off that bottom
through two resistance levels. Think of it this way. The GOLD PRICE bottomed on
29 December at 1523.90 (intraday), and commenced an uptrend. If you draw an
uptrend line from 29 December across the bottoms, you'll see that today's low
merely touched the uptrend line, nothing more. Trend remains intact. More, gold
made a new low for the move today, then closed higher than the day before --
first half of a key reversal. If gold closes higher tomorrow, it was a key
reversal and gold has resumed climbing. All that also almost works for the
SILVER PRICE , but not quite. Silver rose 44.3c today to shut the doors at Comex
on 3416.5c. But silver did penetrate its uptrend line, by a little. Given that
silver often does that, then refuses to follow through, we can chalk that up to
silver's greater volatility. The SILVER PRICE has reached the threshold of its
crucial 300 day moving average (3453c). Clear that hurdle, and silver will run
for the finish line. Momentum already points up, with silver above its 50 and 20
DMAs. Turning all that the other way round, a failure at 3450c would hurt silver
badly, and send it back toward 3100c to build a broader, firmer foundation. Once
again, silver's line in the sand is 3300c. Last three days have been merely a
very short-term correction for metals. Seems they want to climb higher. Don't
get caught standing in their way. Y'all don't forget: A Greek Debt Deal is Near.
With astonishing candor Fed Head Ben Bernancubus told the senate budget
committee today that the much-touted 8.3% unemployment rate from January
UNDERstates weakness in the US labor market. Something's up. Bernancubus is
sounding almost rational -- it's a trick. Or he is sandbagging because he awaits
even worse news still. Silver and gold found nothing but support in Bernancubus'
remarks, as everything he said implied he will depreciate the dollar much more
through inflation. At least, the US dollar index took it that way since it sank
a chunky 55.3 basis points (0.71%) to 78.516. That's the bottom of the last 30
days' range. The fall through 78.50 will only confirm the down-ness of a trend
already turned down, and 'twill accelerate it. Yeah, buddy! That Greek debt deal
is just roaring down the tracks. The euro market thinks so, I reckon, because
the euro rose today to 1.3258, up 0.97% and above 1.3200 resistance. Still, if I
owned euros (and I don't, and won't, unless I have to travel there) and the deal
did go through, I would sell them on the NEWS tomorrow that a deal has been
struck. Forget not the proverb, "Buy the rumour, sell the news." Appears that
part of what's been driving up the yen was money looking for a refuge for the
euro, since the yen fell 0.31% today to 130.25c/Y100 (Y76.78/US$1). Yen pierced
but did not close below its 20 DMA (130.16). The yen has a fine future at a
lower level. STOCKS struggle yet with that 12,875 resistance. Dow gained 43.63
(0.34%) to 12,888.76 and the S&P500 rose 2.96 (0.22%) to 1,347.29 Are stocks
topping or consolidating? Well, they feed off inflation and the Bernancubus
today promised more of that -- although stocks feeding off inflation is like the
eucalyptus-obligate koala bear eating chocolate cake and expecting to thrive.
End thereof will be painful and messy, and fraught with indigestion and
enthusiastic puking. If stocks penetrate that 12,875, say, by 2% (13,132.5) they
will stretch their legs and run to the 2007 top. I don't expect that, but do
expect their strength will wane and vanish by end of the first quarter, second
at latest. The gold ARGENTINO was minted from 1881-1887 in 90% gold (same as the
US standard) at a fine gold content of 0.2334 troy ounce. These are simply
bullion coins with some circulation, for $417.80 each. With spot gold With spot
gold at $1,746.40, that's a tee-tiny 2.5% premium over gold content. They don't
carry a wide buy/sell spread, since wholesale buy for them today is 98.9% of
melt. I will sell minimum lots of Ten (10) coins for $4,178.00 + 25 shipping per
lot (total $4,203.00). I have only One hundred (100) coins, so no re-orders at
this price. The gold URUGUAYAN 5 PESOS was minted in 1930 at 91.7% pure gold
containing 0.2501 troy ounce of fine gold. Minimum lot is Five (5) coins at
$447.70 each (2.5% premium), or $2,238.50 plus $25 shipping per lot total
$2,263.50/lot). I have only Twenty-five (25) coins, so no re-orders at this
price. I also have One (1) only lot of One hundred Two (102) U.S. 1921 MORGAN
SILVER DOLLARS, some About Uncirculated (AU) but mostly Uncirculated (BU),
$35.55 each or $3,626.10 plus $25 shipping ($3,651.10 total). Absolutely no
re-orders at this price. Special Conditions: First come, first served, and no
re-orders at these prices. I will enter orders based on the time I receive your
e-mail. We will not take orders for less than the minimums shown above. All
sales on a strict "no-nag" basis. We will ship as soon as your check clears, but
we allow Two weeks (14 days) for your check to clear. Calls looking for your
order two days after we receive your check will be politely and patiently
rebuffed. If you want faster shipping, please send a wire. Spot gold basis for
all prices above is $1,746.40 ORDERING INSTRUCTIONS: 1. You may order by e-mail
only to . No phone orders, please. Your email must include your complete name,
address, and phone number. We cannot ship to you without your address. Sorry, we
cannot ship outside the United States or to Tennessee. Repeat, you must include
your complete name, address, and phone number. Our clairvoyant quit without
warning last week and I stumbled and dropped my crystal ball, smashing it to
pieces, so we can no longer read your mind. 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 e-mail.
4. If your order is filled, we will e-mail you a confirmation. If you do not
receive a confirmation, your 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 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 if you send a check. Please mention
goldprice.org in the email. 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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