Friday, February 17, 2012

The Gold Price is up $1.20 This Week Closing at $1,723.30

Gold Price Close Today : 1,724.50 Gold Price Close 10-Feb : 1,723.30 Change :
1.20 or 0.1% Silver Price Close Today : 3320.00 Silver Price Close 10-Feb :
3357.00 Change : -37.0 cents or -1.1% Platinum Price Close Today : 1,631.30
Platinum Price Close 10-Feb : 1,657.20 Change : -25.90 or -1.6% Palladium Price
Close Today : 687.70 Palladium Price Close 10-Feb : 702.65 Change : -14.95 or
-2.2% Gold Silver Ratio Today : 51.94 Gold Silver Ratio 10-Feb : 51.33 Change :
0.61 or 1.01% Dow Industrial : 12,904.08 Dow Industrial 10-Feb: 12,890.46 Change
: 13.62 or 0.1% US Dollar Index : 79.33 US Dollar Index 10-Feb : 78.61 Change :
0.72 or 0.9% Franklin Sanders has not published any commentary today, if he
publishes later it will be available here. © 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.

No comments:

Post a Comment

LinkWithin

Related Posts Plugin for WordPress, Blogger...