Gold Price up $12.90 with a new Intraday High of $1,781.54

Gold Price Close Today : 1770.00 Change : 12.90 or 0.73% Silver Price Close
Today : 3425.4 Change : -17.5 cents or -0.51% Gold Silver Ratio Today : 51.673
Change : 0.637 or 1.25% Silver Gold Ratio Today : 0.01935 Change : -0.000242 or
-1.23% Platinum Price Close Today : 1722.35 Change : 35.25 or 2.09% Palladium
Price Close Today : 722.45 Change : 11.85 or 1.67% S&P 500 : 1,357.65 Change :
-4.55 or -0.33% Dow In GOLD$ : $151.11 Change : $ (1.41) or -0.93% Dow in GOLD
oz : 7.310 Change : -0.068 or -0.93% Dow in SILVER oz : 377.73 Change : 1.14 or
0.30% Dow Industrial : 12,938.67 Change : -27.02 or -0.21% US Dollar Index :
79.21 Change : 0.170 or 0.22% Precious metals give us pause to think. In spite
of superb strength in the GOLD PRICE -- up $12.90 today to $1,770, new intraday
high of $1,781.54 -- and great antics out of platinum and palladium, the SILVER
PRICE still hath not breached that 300 day moving average. Silver, in fact, lost
17.5c to end at 3425.4c, after a 3448c high, stymied yet again at the 300 DMA,
today at 3469c. It's an antsy deal, trying to parse silver's pattern. Could be a
rounding top, rolling over, or a broadening top. On the positive side, all the
other metals are tugging silver up, calling silver to play catch-up, and once it
penetrated that 300 DMA, twill play catch-up with a vengeance. Logic says to buy
after the breakout, even when it looks as sure as this one, but I never can
resist, and often buy high in punishment for my hubris and impatience. Always a
good idea to lift your head up and take a wide look around, instead of keeping
your nose pointed groundward. We did that yesterday, and it warned us that
stocks were faltering, and that gold was poised to jump. Ahh, but looking around
today reveals a disquieting disharmony in the metals, too. Stocks sank beneath
the surface from the dawn of day and never reached high enough to take a breath.
Dow Jones Industrial Average sank 27.02, 0.21%, to 12,938.67; S&P500 kept it
company by falling 4.55 (0.33%) to 1,357.66. More instructive still, the Dow in
Gold Dollars fell today G$1.41 (0.068 oz). Five day Dow chart shows a market
that has rolled over, and unless it can breach -- convincingly -- 13,000 and
stay there, 'twill play the Titanic. But y'all don't listen to me. I don't know
a thing compared to them geniuses in Washington and on Wall Street. I didn't
even get shoes till last year. If the Japanese yen has not exhausted its
downmove today, I can't see why not. In the last three weeks it has cascaded
from 131.52c/Y100 (Y76.03/US$1) to 124.57c (Y80.28/US$1). That's a 5.3% loss, a
gigantic move in currencies. Don't know what's wrong, only that the market
believes the yen has leprosy, and isn't touching it. Three gaps down in the last
three trading days -- that's a flashing light that the end must be near. US
dollar index added 17 basis points (0.22%) to end at 79.214, still comfortably
above 79. To advance farther, dollar needs to close above 79.50. Euro rose today
0.1% to 1.3250, still not enough to beat the last (133.22) peak. If the euro
can't do that, it is rolling over downward. And I wonder why the euro is not
doing that, since the Greek problem has been "solved." What more good news
awaiteth the euro? One wonders what more good news there even might be. Next big
move will be down, I ween. On Friday, 24 February, I will be speaking for the
Fayette County (Tenn.) Tea Party at the Fayette County Courthouse, in the town
square at Somerville, Tennessee. Party starts at 7:00 p.m., and the topic will
be "Restoring Freedom by Rebuilding Local Economy." This may be your only chance
to see a natural born fool from Tennessee live and outside captivity. 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.