Monday, March 12, 2012
The Gold Price Fell Today You are Watching the Last Leg of the Correction
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DG365FD46564GFH654FU898 Gold Price Close Today : 1699.20 Change : (11.70) or -0.68% Silver Price Close Today : 3337.4 Change : 80.0) cents or -2.34% Gold Silver Ratio Today : 50.914 Change : 0.851 or 1.70% Silver Gold Ratio Today : 0.01964 Change : -0.000334 or -1.67% Platinum Price Close Today : 1702.00 Change : 12.75 or 0.75% Palladium Price Close Today : 709.00 Change : -2.25 or -0.32% S&P 500 : 1,371.14 Change : 0.27 or 0.02% Dow In GOLD$ : $157.66 Change : $ 1.55 or 0.99% Dow in GOLD oz : 7.627 Change : 0.075 or 0.99% Dow in SILVER oz : 388.32 Change : 10.21 or 2.70% Dow Industrial : 12,959.86 Change : 37.84 or 0.29% US Dollar Index : 79.88 Change : -0.098 or -0.12% About as I expected, silver and GOLD PRICE fell today. Gold doesn’t have enough steam yet to breach the $1,715 barrier. It will, it will, but first another dip of the toe below $1,700. Today the GOLD PRICE dropped $11.70 and ended the day on Comex at $1,699.20. Gold was ailing the whole day, and never reached higher than $1,708.20. Still, it might well catch hold here at the 50 day moving average ($1,694.16) where also some lateral support hides at $1,696. If that gives way, then gold could shoot for $1,674.76, the 200 DMA, or it might peek below $1,650, just to scare all the gold bugs to death. Matters little, as you are now watching the last leg of the correction from the $1,787 rally. The SILVER PRICE lost 80.1c today to close at 3337.4c, near the 3333.3c low. I’d prefer silver drop not below today’s low, since that would preserve the 5-day uptrend. Silver’s next fight comes at 3300c, if it doesn’t hold this line. But I don’t much care if it falls to 2900c (now rather unlikely) because I’ve been looking at a technical measure that implies silver has very little downside left before another wild rally begins, if it hasn’t already. This will probably turn out to be a toilsome week for silver and gold, but this humiliation has not long to run. By March’s end ’twill be past. Hence y’all had best keep your eyes peeled for a spot to buy. Once this has ended, you will only be able to spot silver and gold rapidly disappearing toward the stratosphere. In the biggest bond writedown in history, the Greek government swapped most of the bonds coming due mid-month for others worth less than half their value. Wow. World is getting better and better, making new records all the time. Ain’t that fiat money and fractional reserve banking great! Hey! What about them bankers, huh?! I mean, re-po’ing an entire COUNTRY! That takes some gall, as my grandmama might say. Y’all proud of your banks yet? Your politicians? ‘Twas a rough day for silver and gold, but pay it no mind. Higher prices are coming shortly for metals, and lower prices for stocks. Something will break soon. For too long stocks and metals have been closely tracking each other. Either I am dead wrong and stocks will not lose another 80% of their value against metals and silver and gold do not have most of their bull market gains in front of them, OR stocks will breakdown soon against silver and gold. (Naturally I do NOT think I am wrong about that.) I’ve been looking at my superbly reliable indicator, the Dow in Gold Dollars that measures the value of stocks in gold. Soon, soon, it should break down, probably as a consequence of stocks falling AND gold advancing both. But y’all recall that I am no more than a natural born fool from Tennessee, and I ain’t as smart as them fellows who want to sell y’all stocks. US dollar index gave away 9.8 basis points today, a measly 0.13%, but that carried it below 80 again, a blow to morale. As long as it clings above 79.60 the noxious dollar will keep climbing. The nasty euro today rose 0.22% to $1.3153. True, it has caught on its 50 and 62 day moving averages (1.3093 and 1.3083), but in the last 5 days it also left behind an island reversal, a pattern that very seldom fails to wreak its vengeance. Expect to see it lower. All the good news (?) about the Greek Debt Deal has come out, and the future holds — what? What good news? I sure don’t know. The nugatory yen edged up 0.23% today to 121.57c/Y100 (Y82.26/US$1). Maybe Friday’s spike down marked the bottom. Hard to fathom who would sell more oversold yen from here. No matter much — all the fiat currency exchange rates amount to no more than an elaborate kabuki anyway. Stocks eked out small gains today, but not unanimously. Dow rose, S&P rose barely, while the Nasdaq composite and Russell 2000 fell. Disagreement, non-confirmation, confusion, bewilderment. You couldn’t get from here to Tupelo using that roadmap. Dow rose 37.84 (0.29%) to the same old neighborhood, 12,959.86. S&P500 barely moved, but you could catch it with time-lapse photography. Climbed 0.2% (0.27 points) to 1,371.14. 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.
Gold, Silver Drop on Ongoing EU Debt Worries
American Silver and NovaGold Resources were taking heavy losses.
Gold Silver and Oil Started the Week Falling –Recap March 12th
prices slightly declined on Monday after they had risen for three consecutive
days. Crude oil was also traded down on the first day of the week. On the other
hand the Euro slightly rose against the U.S. dollar. Natural gas price resumed
their downward trend on Monday. Here is a summary of the changes in precious
metals and energy commodities for March 12th, 2012: Precious Metals: Gold price
declined on Monday by 0.68% to $1,699.8; Silver price also decreased by 2.34%
and reached $33.41. During March, gold decreased by 0.67% and silver by 3.55%.
Gold Silver and Oil Started the Week Falling –Recap March 12th
prices slightly declined on Monday after they had risen for three consecutive
days. Crude oil was also traded down on the first day of the week. On the other
hand the Euro slightly rose against the U.S. dollar. Natural gas price resumed
their downward trend on Monday. Here is a summary of the changes in precious
metals and energy commodities for March 12th, 2012: Precious Metals: Gold price
declined on Monday by 0.68% to $1,699.8; Silver price also decreased by 2.34%
and reached $33.41. During March, gold decreased by 0.67% and silver by 3.55%.
The Gold Price Fell Today You are Watching the Last Leg of the Correction
Today : 3337.4 Change : 80.0) cents or -2.34% Gold Silver Ratio Today : 50.914
Change : 0.851 or 1.70% Silver Gold Ratio Today : 0.01964 Change : -0.000334 or
-1.67% Platinum Price Close Today : 1702.00 Change : 12.75 or 0.75% Palladium
Price Close Today : 709.00 Change : -2.25 or -0.32% S&P 500 : 1,371.14 Change :
0.27 or 0.02% Dow In GOLD$ : $157.66 Change : $ 1.55 or 0.99% Dow in GOLD oz :
7.627 Change : 0.075 or 0.99% Dow in SILVER oz : 388.32 Change : 10.21 or 2.70%
Dow Industrial : 12,959.86 Change : 37.84 or 0.29% US Dollar Index : 79.88
Change : -0.098 or -0.12% About as I expected, silver and GOLD PRICE fell today.
Gold doesn't have enough steam yet to breach the $1,715 barrier. It will, it
will, but first another dip of the toe below $1,700. Today the GOLD PRICE
dropped $11.70 and ended the day on Comex at $1,699.20. Gold was ailing the
whole day, and never reached higher than $1,708.20. Still, it might well catch
hold here at the 50 day moving average ($1,694.16) where also some lateral
support hides at $1,696. If that gives way, then gold could shoot for $1,674.76,
the 200 DMA, or it might peek below $1,650, just to scare all the gold bugs to
death. Matters little, as you are now watching the last leg of the correction
from the $1,787 rally. The SILVER PRICE lost 80.1c today to close at 3337.4c,
near the 3333.3c low. I'd prefer silver drop not below today's low, since that
would preserve the 5-day uptrend. Silver's next fight comes at 3300c, if it
doesn't hold this line. But I don't much care if it falls to 2900c (now rather
unlikely) because I've been looking at a technical measure that implies silver
has very little downside left before another wild rally begins, if it hasn't
already. This will probably turn out to be a toilsome week for silver and gold,
but this humiliation has not long to run. By March's end 'twill be past. Hence
y'all had best keep your eyes peeled for a spot to buy. Once this has ended, you
will only be able to spot silver and gold rapidly disappearing toward the
stratosphere. In the biggest bond writedown in history, the Greek government
swapped most of the bonds coming due mid-month for others worth less than half
their value. Wow. World is getting better and better, making new records all the
time. Ain't that fiat money and fractional reserve banking great! Hey! What
about them bankers, huh?! I mean, re-po'ing an entire COUNTRY! That takes some
gall, as my grandmama might say. Y'all proud of your banks yet? Your
politicians? 'Twas a rough day for silver and gold, but pay it no mind. Higher
prices are coming shortly for metals, and lower prices for stocks. Something
will break soon. For too long stocks and metals have been closely tracking each
other. Either I am dead wrong and stocks will not lose another 80% of their
value against metals and silver and gold do not have most of their bull market
gains in front of them, OR stocks will breakdown soon against silver and gold.
(Naturally I do NOT think I am wrong about that.) I've been looking at my
superbly reliable indicator, the Dow in Gold Dollars that measures the value of
stocks in gold. Soon, soon, it should break down, probably as a consequence of
stocks falling AND gold advancing both. But y'all recall that I am no more than
a natural born fool from Tennessee, and I ain't as smart as them fellows who
want to sell y'all stocks. US dollar index gave away 9.8 basis points today, a
measly 0.13%, but that carried it below 80 again, a blow to morale. As long as
it clings above 79.60 the noxious dollar will keep climbing. The nasty euro
today rose 0.22% to $1.3153. True, it has caught on its 50 and 62 day moving
averages (1.3093 and 1.3083), but in the last 5 days it also left behind an
island reversal, a pattern that very seldom fails to wreak its vengeance. Expect
to see it lower. All the good news (?) about the Greek Debt Deal has come out,
and the future holds -- what? What good news? I sure don't know. The nugatory
yen edged up 0.23% today to 121.57c/Y100 (Y82.26/US$1). Maybe Friday's spike
down marked the bottom. Hard to fathom who would sell more oversold yen from
here. No matter much -- all the fiat currency exchange rates amount to no more
than an elaborate kabuki anyway. Stocks eked out small gains today, but not
unanimously. Dow rose, S&P rose barely, while the Nasdaq composite and Russell
2000 fell. Disagreement, non-confirmation, confusion, bewilderment. You couldn't
get from here to Tupelo using that roadmap. Dow rose 37.84 (0.29%) to the same
old neighborhood, 12,959.86. S&P500 barely moved, but you could catch it with
time-lapse photography. Climbed 0.2% (0.27 points) to 1,371.14. 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.
Google Alert - gas prices today
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| FortisBC natural gas customers benefit from recent BC Utilities Commission ... Canada NewsWire (press release) Midstream and delivery rates for customers are not affected by this decision. "The rates approved today are allowing our customers to continue to benefit from some of the lowest delivered natural gas prices in more than a decade," said Cynthia Des ... See all stories on this topic » | ||
| Summer gas prices on the rise Examiner.com Increasing summer gas prices are something Richmonders have come to expect over the years. It has always been blamed on gas station owners wanting to make a few dollars off those families fortunate enough to have the money to take a trip. And today ... See all stories on this topic » |
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Speculators Cut Gold Positions by Most Since August 2008
coincided with a sharp decline in speculative activity in the gold market,
according to the Commodity Futures Trading Commission's (CFTC) weekly
commitment of traders report. For the week ended March 6, 2012, managed-money
firms reduced net-long positions in COMEX gold futures and options by 26% to
145,997 contracts.
Todays DJIA Dow Jones Industrial Average Index DJI, Stock Index Market Nasdaq and S&P 500 Trends Today Approaching Close
this morning, futures for the primary indices in the U.S. were mixed. Similar
trending was observed throughout the course of the last week of trading overall.
Although the DJIA, as well as the Nasdaq and the S&P 500, finished green across
the board last Friday, trends over the course of the last week as a whole were
choppy. Overall this calendar year, the primary stock index trend-lines are
positive. Better than expected economic data in the U.S. has helped to support
trends this year, and progressive action to avoid debt defaults in the eurozone
has helped as well. Through the halfway point in the trading session today, the
primary U.S. indices were mixed and trends continued to post mixed results as
the day approached close. Investors worries grew this day relevant to the weaker
than expected economic growth data in China. China reported the largest trade
deficit in over a decade and this news limited gains in the U.S. marketplace
today. As close finalized, indices were mixed. DJIA, Nasdaq, S&P 500 Approaching
Close: As close finalized, stock indices were mixed. The DJIA was higher by .29
percent at 12,959.71. The Nasdaq was lower by .16 percent at 2,983.66 and the
S&P 500 was green by .02 percent at 1,371.09. Frank Matto
Intel Promotes New Area Chief
general manger of its Asia-Pacific operations. Intel Promotes New Area Chief
Intel (NASDAQ:INTC) announced that it has promoted Gregory Bryant, the vice
president and director of the global Lenovo account, as the vice president and
general manager of its Asia-Pacific operations. Bryant who has
Todays Gold Price per ounce Spot gold price per gram, Spot silver price per ounce; Price of Gold Silver Trends Today
last session, spot gold and silver prices were trending negatively prior to
opening bell this morning. Even with progressive action being observed in the
eurozone relevant to debt default action plans, the euro is still tracking on
inconsistent ground. The dollar has been gaining strength in the current
environment and as a result is pressuring gold price trends. Today, the dollar
was little changed versus the euro. As of the mid-day mark in the trading
session, contract gold and silver were still posting in the red. Contract gold
was red by .56 percent at 1702 per troy ounce and contract silver for May
delivery was posting at 34.21 per troy ounce. Spot gold price per gram and spot
silver price per ounce mid-day trend review: At the halfway point in the trading
session today, spot gold and spot silver price trend-lines were negative. Spot
gold per gram was posting red at 54.67 and spot silver per ounce was red at
33.68. As of the halfway mark, it appeared that gold and silver prices would
finished in the red to open the first trading session of the week. Camillo
Zucari
Precious Metals Shares Fall, XAU Hits 2-Month Low
precious metals turned lower.
Apple Operations in Texas to Add 3,600 Jobs
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace Boosted by a $21 million incentive from the state, Apple is building a $304 million facility in Austin, Texas, and will add 3,600 people to its workforce there.
Gold Price Drops, Fed “In Limbo”
ounce Monday as the yellow metal gave back a portion of its recent gains.
Crocodile Gold Reports Significant Assays at Iron Blow
metal/precious metal project in Northern Australia.
US adds 227000 jobs in February, unemployment unchanged at 8.3 percent
28 minutes ago Despite the fact that Peyton Manning recently lost his job, the
unemployment rate for February remained unchanged at 8.3 percent. According to
the Labor Department , US employers added 227000 jobs last month, which helped
to push ETFs and various ...
Electronic Arts Inc. Hits Huge Sales With Mass Effect 3
Mass Effect 3 video game in North America. Electronic Arts Inc. Hits Huge Sales
With Mass Effect 3 The game publisher Electronic Arts Inc. (NASDAQ:ERTS) has
announced that it has sold 890,000 units of its popular game Mass Effect 3 in
North America
Boeing Pockets Air Force Deal
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tdp2664 E money daily Boeing (NYSE:BA) has received a new contract from the US Air Force. Boeing Pockets Air Force Deal Under this new deal worth $11.4 million, Boeing (NYSE:BA) will supply parts to complete the installation of the 25mm Ammunition Storage and Handling System in four AC-130U gunships at Robins Air Force Base in Georgia. Chet Gray, readiness
Gold Stock Price Update for Today, Mar-12
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gol2664 Negocioenlinea Gold Stock Price Update for Today, Mar-12 Fyxnews – 15 minutes ago Gold stock prices for today, Monday, March 12, 2012. This is an overview of how gold mining stocks are performing. Barrick Gold Corporation (NYSE:ABX) is currently trading at $45.81.
Gold Stock Price Update for Today, Mar-12
prices for today, Monday, March 12, 2012. This is an overview of how gold mining
stocks are performing. Barrick Gold Corporation (NYSE:ABX) is currently trading
at $45.81.
3 Small-Cap Tech Stocks to Buy
XCSFDHG46767FHJHJF
tdp2664 InvestorPlace While Apple, Microsoft, Yahoo and Google make the headlines, other tech stocks show great potential for investors, including three listed here.
Gold & Silver Prices – Daily Outlook March 12th 2012
rally during last week.
Today’s Gold price per ounce Spot gold price per gram, Spot silver price per ounce; Price of Gold Silver News Today
price trend-lines were pressured during the initial half of the last trading
week and ended the week with mixed results. Although both contract gold and
contract silver closed out last Fridays session on the positive side of
break-even for the day, silver was unable to pull into the green for the week
overall. Gold price change over the course of the last five full trading session
was just positive by approximately .1 percent. Price change for silver was just
negative over the course of the last five full trading sessions by approximately
.1 percent. Gold price per ounce and silver price per ounce Electronic Close
Last Session Review: Last post electronic price for April contract gold was
green by .80 percent on the day at 1713.40 per troy ounce. Last post electronic
price for May contract silver was green by 1.25 percent on the day and posted at
34.34 per troy ounce. Spot gold per gram and spot silver per ounce price trends
Today: Prior to opening bell today, spot gold per gram price and spot silver per
ounce price posted green. Spot gold per gram posted at 55.07 and spot silver per
ounce posted at 34.24.
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