Monday, February 13, 2012

The Gold Price Must Rise Above $1,730 Otherwise it Risks Falling as low as $1,650

Gold Price Close Today : 1723.00 Change : (0.30) or -0.02% Silver Price Close
Today : 3369.60 Change : 12.00 cents or 0.36% Gold Silver Ratio Today : 51.134
Change : -0.192 or -0.37% Silver Gold Ratio Today : 0.01956 Change : 0.000073 or
0.37% Platinum Price Close Today : 1650.00 Change : -13.50 or -0.81% Palladium
Price Close Today : 696.25 Change : -17.50 or -2.45% S&P 500 : 1,351.77 Change :
9.13 or 0.68% Dow In GOLD$ : $154.46 Change : $ 0.92 or 0.60% Dow in GOLD oz :
7.472 Change : 0.044 or 0.60% Dow in SILVER oz : 382.06 Change : 0.80 or 0.21%
Dow Industrial : 12,874.04 Change : 72.81 or 0.57% US Dollar Index : 78.97
Change : 0.115 or 0.15% The Silver and GOLD PRICE are still stuck, and
disagreeing today. The GOLD PRICE fell thirty cents [sic] to $1,723. Silver rose
12c to 3369.6c. Those numbers look promising, but the chart doesn't. Unless gold
begins to climb and rises first over $1,730 it will drop. Once it drops below
$1,705, then it will go whole hog to $1,680 or $1,650. On the other hand, if
gold clears $1,730, it's back in the fight. RSI and MACD whisper gold is headed
down, though. The SILVER PRICE chart doesn't say much more than gold's, just has
different boundaries. Upside silver must clear 3400c, and hasn't yet been to
make that stick. Down below 3320c must hold, or silver will give up another
dollar. I reckon the clean up crews out sweeping up after fire-bombing
protestors in Greece have left markets wondering whether the Greek Debt Deal is
a done deal or not. Something about protestors throwing rocks and firebombs
calls into question the parliament's vote. Stocks rose a little while the US
dollar, euro, yen, and silver and gold twitched sideways. Dow Jones Industrial
Average today rose 72.81 or 0.57% to 12,874.04. S&P rose 0.68% (9.13 points) to
to 1,351.77. Spooky how stocks dropped like your car keys down a well on Friday,
then did what your car keys never do, popped right back up. Well, almost to the
lip of the well, but not quite. The bounce didn't reach as high as Thursday, so
this could promise two different outcomes, either extending the rally, or
failing and falling. Clue to which outcome will eventuate is the Dow's 20 day
moving average at 12,734. That opens a deep and unforgiving mineshaft below the
Dow. And there is also more discouraging news from the MACD and RSI indicators,
bumping up on highs and rolling over downward. Currencies are all holding their
breath, waiting to see what will happen in Greece. US dollar fell 11.5 basis
points (0.15%) to 78.974, 'bout the same place it stood on Friday. Euro fell
0.03% (get out your microscope) to 1.3194, yen rose 0.04% to 128.92c/Y100
(Y77.57/US$1). Euro is trying to fall out of bed. SPECIAL OFFER Somebody asked
me why, if I think gold will rise, I would sell gold coins. Simply because I
make my living buying and selling gold, and if I held on to everything I bought,
I'd be out of business in about two days. But why these special offers? Because
they offer some special value. Maybe I've been accumulating them for a while at
lower prices, and so can sell them cheaper than usual, or maybe they just backed
up in my inventory and I want to clean them out. Either way, my problem is your
opportunity. Today I have ONLY six US $20 gold pieces I have accumulated over
time. You buy them as is. Remember, they contain only 0.9675 troy ounce fine
gold. I priced them based on $1,723 spot gold, and the premium is shown with
each. The Liberty $20 gold was minted before 1907. The St. Gaudens from 1907
-1934. MINIMUM PURCHASE: any Two (2) coins, plus $25 per order shipping. Any
problems with the coins are fully described. I'm not selling these as
collector's items, but simply as gold coins at a small premium over their gold
content. I am selling them "as is." 1. One 1879-S which might be an Extremely
Fine grade but isn't because it has a heavy scratch on the obverse, $1,750.00 (a
5% premium over gold value). 2. One 1885-S which might be an EF grace but isn't
because somebody cleaned it and it has scratches on the reverse, $1,750.00 (a 5%
premium over gold) 3. One 1892-S Extremely Fine grade, no problems, $1,760.00,
at 5.6% premium over melt. 4. One 1904 About Uncirculated, no problems,
$1,780.00 or a 6.8% premium over gold value 5. One 1904 that surely would have
graded VF but somebody polished it and it has a little edge bruise, $1,750.00 (a
5% premium over melt) 6. One 1924 (St. Gaudens type) About Uncirculated with a
small scratch on the reverse, $1,780.00 (6.8% premium). Sorry, no re-orders at
these prices. Offer ends when my supply runs out. 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 at . 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 $1,723.00. 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, your email 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. 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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