Thursday, March 15, 2012

Gold, Silver Push Higher Amid U.S. Unemployment, Manufacturing Data

Gold and silver were higher Thursday morning following encouraging reports on US
unemployment and NY State manufacturing.

The Gold Price Bounced up 1 Percent Today to Close at $1,659.10

Gold Price Close Today : 1659.10 Change : 16.60 or 1.01% Silver Price Close
Today : 3269.30 Change : 54.60 cents or 1.70% Gold Silver Ratio Today : 50.748
Change : -0.346 or -0.68% Silver Gold Ratio Today : 0.01971 Change : 0.000133 or
0.68% Platinum Price Close Today : 1684.50 Change : 20.20 or 1.21% Palladium
Price Close Today : 705.05 Change : 11.10 or 1.60% S&P 500 : 1,402.60 Change :
8.06 or 0.58% Dow In GOLD$ : $165.12 Change : $ (1.55) or -0.93% Dow in GOLD oz
: 7.988 Change : -0.075 or -0.93% Dow in SILVER oz : 405.37 Change : -6.63 or
-1.61% Dow Industrial : 13,252.76 Change : 8.32 or 0.06% US Dollar Index : 80.25
Change : 0.317 or 0.40% The silver and GOLD PRICE both bounced today, gold 1%,
silver 1.7%. While this is a move in the right direction and promises better
things, it doesn't rise to gainsaying the downtrend's control. Yesterday and
today the GOLD PRICE made what MIGHT be a rounding bottom, then put an lip on
the bowl by rising to $1,665.60. Great, but that was Tuesday's low, so without
conquering that, today's rise is merely noise and equivocation. Gold close up
$16.60 at $1,659.10. I spoke yesterday of watching for the right and final
shoulder of upside down head and shoulders patterns on both charts. Gold's right
shoulder should come anywhere around $1,600, a little higher, but it could dip
lower. In silver that shoulder could find its low from 3100c to 3000c. Of
course, no cosmic law prevents their finishing those shoulders a little higher,
either. The SILVER PRICE chart offers a reflection of gold's, with different
numbers. Silver's low yesterday fell a little under 3150c, but today it gained
54.6c to close Comex at 3269.3. Barrier to the SILVER PRICE upward course is
resistance at 3285/3275c. A fall through 3150c support will bring a bottom
speedily. Silver did reach up to touch its 50 day moving average today (3292c).
Sometimes I wonder whether y'all are paying attention or not. Yesterday I wrote
about the Three Stooges the Republicans are fronting as presidential candidates
and their inability to beat Barack Obama. Some of y'all castigated me for not
mentioning Ron Paul, some of you drew your breath in horrified as if I were
supporting Obama. No. 1, know that it makes not a whit of difference who is
elected, neither Obama nor the Three Stooges nor Jack Frost. Whoever it is will
not have enough principle to raise a pimple on a hog if he were smallpox. The
Establishment, who picks the president, doesn't pick 'em for principle, but for
following orders. Whoever is elected, Democrat or Republican, will continue the
same policies that are enslaving all of us and feeding our lifeblood to the
Establishment, just as Obama continued the Bush policies who continued the
Clinton policies who continued the Bush policies who continued the Reagan
policies all the way back to Franklin Roosevelt. Whoever is elected will do the
Establishment's bidding, or he will meet with a "Lone Assassin keeping a diary."
Presidents are like judges, they don't pick 'em for character. No. 2, I share
most of Ron Paul's principles, but perhaps y'all have not noticed that he is the
Invisible Candidate. Why do you think that is? Because the media can't see him?
Cataracts? Nope, it's because they know who signs their paychecks, and they
cover what the signer wants covered. Assume the impossible, that Ron Paul is
elected. What then? Assuming, too, he doesn't meet that convenient "Lone
Assassin keeping a diary," how much could he change? How hard could he push
against the entrenched bureaucracy, the defense establishment, and an economy
addicted to defense spending, government money, borrowing, and inflation? Sure,
go ahead, get angry at me because I'm just a fool telling you the obvious truth.
Presidential politics is one big red herring intended to make you believe that
you can really make a difference, but at that level you are no more than a pawn,
utterly powerless. You make yourself the natural prey and dupe of these foul
creatures. Where do you have power and influence then? In your family. In your
neighborhood. In your community. In your town or city. In your county. In your
state. There you have real power and influence, because those people know and
love and trust you. Truth is, rather than do the hard work of fixing things in
your own family and neighborhood and state, y'all want to run off flattering
yourselves that you're changing the nation with presidential politics. Hogwash.
Last night a reader sent me a quotation that sums it all up, from Buckminster
Fuller. "You never change things by fighting the existing reality. To change
something, build a new model that makes the existing model obsolete." Am I
become your enemy because I tell you the truth? Today's markets brought no
excitement or changes much. Silver and gold bounced, dollar eased off, stocks
crept up. No gamechanger today. S&P500 did make a coup for morale by closing
above the round number 1,400, up 8.06 (0.98%) to 1,402.60 Dow added 8.32 (0.6%)
to 13,252.76. Stocks -- let 'em roar, let 'em roll -- stocks may rejoice in the
evening, but the hangover cometh in the morning. Dollar Index is still backing
off its high yesterday about 80.70. 'Twas 80.248, down 31.7 basis points (0.41%)
when I looked, but made a low at 80.038. Dollar should hold 80 - 79.95, where
support will be stout. Euro rose same 0.41% the dollar index fell, to 1.3082.
Must cross above 1.3120 before it has a future upside. What a chart! Looks like
a drunk driver using both feet on brakes and accelerator. Yen broke 120c today
to close at 119.7c/Y100 (Y83.54/US$1). A bottom? Oversold as popcorn at the
movie theater, but won't stop dropping. Can it go to zero? One meditates on the
world fiat currency set-up and one must conclude that the central bankers all
work together, as much as they all eat supper together once a month at the Bank
for International Settlements in Basel. One pictures them sweating bullets and
trying to restrain their bodily functions as the Euro crisis unfolded, and one
can imagine that they would have sold their mothers as eternal streetsweepers
just to get each other's co-operation. One then wonders if events unfolding in
the currency markets are exactly what they planned. One wonders, that's all. One
doesn't wonder what they do about gold: they fight it constantly, but with only
occasional bouts of success. 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.

Compass Gold Corporation's gold quest has "Mr West Africa Gold," Dr Madani ...

Compass Gold Corporations gold quest has "Mr West Africa Gold," Dr Madani ...
Proactive Investors Chinese - 37 minutes ago The TSX-V listed Compass Golds hunt
for gold in Mali has a pedigree rarely found, a fact not likely to be lost on
North American and Australian based investors.

Stock Market Today Hits Multiyear Highs, But Volume Lags

Stock Market Today Hits Multiyear Highs, But Volume Lags Investor's Business
Daily - 2 hours ago By DONALD H. GOLD, INVESTORS BUSINESS DAILY Posted 04:23 PM
ET The broad indexes scored new multiyear highs Thursday, aided by several
upbeat economic reports, although volume backed off from its recent torrid pace.

Precious Metals Bounce as U.S. Dollar Slides

Precious metals turned higher Thursday afternoon as the U.S. dollar surrendered
its gains against a composite of foreign currencies. COMEX gold futures, per the
April contract, climbed $16.60, or 1.0%, to $1,659.50 per ounce.

Gold Stocks a Bargain Versus Gold: Analyst

Gold Stocks a Bargain Versus Gold: Analyst CNBC.com (blog) - 4 minutes ago
While gold prices are not far from the highs of last September, gold stocks are
hitting 52-week lows. So why choose gold stocks over the real thing?

Today’s DJIA Dow Jones Industrial Average Index, Nasdaq, S&P 500 indices Stock Market Investing News Approaching Close Trends Today

Todays Stock Market Trends Primary Stock Index Review Today: Stock indices
moved inconsistently during the mid-week trading session, but futures for all
three primary U.S. stock indices were posting positive values prior to opening
bell this morning. The data revealed that stocks were positioned for the
slightly stronger open today. Investors observed closely today to determine if
the initial jobless claims data, paired with the producer prices data and the
manufacturing survey data helped to support primary stock indices. It did. As
the trading session reached mid-day, all three primary stock indices were
posting green. The economic news which posted today was better than expected.
Stocks were positive today and gains are positive for the week overall thus far.
Investors were thrilled to see that initial jobless claims are at their lowest
level in four years. According to the initial claims report, initial
unemployment claims dropped by approximately 351,000 for the week ended March
10. Produce prices increased by .4 percent and the Empire Manufacturing Survey
rose to 20.2 in March, which was much higher than most anticipated. The primary
stock indices finished on positive ground as a result of the better than
expected news. Todays Dow Jones Industrial Average, Nasdaq, S&P 500 Approaching
Close Index Review: Just prior to official close for the day, all three indices
were posting green. The DJIA was higher by .33 percent at 13,237.39. The Nasdaq
was higher by .39 percent at 3,052.59 and the S&P 500 was green by .45 percent
at 1,400.60. Frank Matto

U.S PPI Sharply Rose in February by 0.4% – March Report

According to the recent producer price index report, which came out today, the
PPI for finished goods sharply increased by 0.4% February compared with January.
This report serves as an indicator for the direction of the U.S core CPI to be
published tomorrow, March 16th. On an annual scale, the PPI increased by 3.3%
during the past 12 months During February the food index edged down by 0.1%,
while the energy index soared by 1.3%. The Producer Price index excluding food
and energy rose by 0.2% during January 2011. This PPI ex food and energy is
estimated to have a lagged negative linear correlation with gold price; i.e. as
the PPI rises, gold price tends to decline the following day. Furthermore, the
PPI excluding food and energy tends to have a positive linear correlation with
silver price. These relations are mainly via the shifts in U.S dollar.

Gold, Silver Shares Unable to Gain Any Traction

Gold, Silver Shares Unable to Gain Any Traction International Business Times -
1 hour ago By jturbin Gold and silver shares relinquished their earlier gains on
Thursday as the sector continued its recent stretch of poor performance.

Today’s gold price per ounce Spot gold price per gram, Spot silver price per ounce Mid-Day Price trends today

Gold price per and Silver price market trending news today: Although both gold
and silver prices were pressured lower during the mid-week section, spot gold
price per gram and spot silver price per ounce trends were trending in a
positive direction this morning prior to opening bell for the day. The dollar
has been gaining versus the euro and this has recently pressured precious metal
safe haven positioning. Gold price trend-line is currently negative over the
course of the last several weeks according to one month change analysis. As of
the halfway point in todays trading session, gold and silver contract prices
were still lower. Gold price per ounce silver price per ounce contract review
mid-day today: Contract gold for April delivery was red by .07 percent at
1641.80 per troy ounce. Silver contract posted a floor price at 32.18 per troy
ounce. Spot gold per gram and spot silver per ounce prices mid-day today: Spot
gold price and spot silver price trends were green halfway through the trading
session. Spot gold price per gram posted at 53.02 and spot silver price per
ounce posted at 32.38 at the halfway point. Camillo Zucari

Indigo Discovers New Gold System with a 1.5 Kilometre Strikelength at Lati ...

Indigo Discovers New Gold System with a 1.5 Kilometre Strikelength at Lati ...
Stockhouse - 1 hour ago VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 03/15/12
-- Indigo Exploration Inc. (TSX VENTURE:IXI)(FRANKFURT:INE) announces assays
from 16 holes of the 50 hole Phase I reverse circulation drill program on its
Lati gold permit in Burkina Faso, ...

Gold Price Steady After Three Day Decline

GOLD PRICE NEWS – The gold price stabilized Thursday morning near $1,645 per
ounce following several days of weakness.

Aurizon Reports Record Gold Production, Earnings, Cash Flow

Aurizon Mines (ARZ.TSX, AMEX: AZK) announced its 2011 financial results, which
included record revenues of $260 million, a 45% increase over 2010.

Digging for Gold With Mining Stocks

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gol2664 Negocioenlinea Digging for Gold With Mining Stocks Schaeffers Research – 16 minutes ago by TradingMarkets 3/15/2012 8:15:29 AM Many of the gold mining stocks that short-term traders and active investors had become accustomed to trading have slipped into bear-market territory with the latest correction.



10 Undervalued Large Caps With Positive Inventory Trends

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gol2664 Negocioenlinea 10 Undervalued Large Caps With Positive Inventory Trends Seeking Alpha – 22 minutes ago Interested in company sales trends? One way to look at a company's sales is by comparing growth in revenue to growth in inventory – if inventory is growing faster, it may signal some problems.



Google Inc. Spreads GetMo To UK

Google Inc. (NASDAQ:GOOG) has introduced its GetMo scheme in the UK to help
businesses go mobile. Google Inc. Spreads GetMo To UK As the use of the internet
on smartphones is growing, Google Inc. (NASDAQ:GOOG) has launched a new scheme
called GetMo in UK to encourage businesses to develop mobile websites. This
initiative is a

Microsoft Corporation Installs IDV Security Software

Microsoft Corporation (NASDAQ:MSFT) has installed IDV Solutions' Software to
help protect its people and facilities. Microsoft Corporation Installs IDV
Security Software Microsoft Corporation (NASDAQ:MSFT) announced that it has
deployed IDV Solutions new Visual Command Center software in its three Global
Security Operations Centers to help ensure the safety and security of its
employees and contractors

Today’s Gold Price per ounce Spot gold price per gram; Spot silver price per ounce; Price of Gold Silver Trends Today

Gold Price Silver Price Market Trending News Today: U.S. stock indices
struggled during the last session for the first time this week, but trend-line
movement for precious metal gold remained constant for the week. April contract
gold price has finished on the negative side of break-even every day this week
and did so again during the mid-week trading session. The dollar rose again
versus the euro and the Japanese yen, and this action added additional negative
weight to price trends lines for precious metals gold and silver. The higher
dollar reduced the number of investors positioning with precious metal safe
havens. Contract gold price and contract silver price per ounce close review:
April contract gold closed the last session lower by 3.03 percent to post a
floor price at 1642.90 per troy ounce. May contract silver finished the last
session red by 4.17 percent and posted a floor price at 32.18 per troy ounce.
Spot gold price per gram and spot silver price per ounce Trends Today: Prior to
opening bell this morning, spot gold per gram and spot silver per ounce price
trends were positive. Spot gold per gram posted at 52.89 and spot silver per
ounce posted at 32.22. Camillo Zucari

Digging for Gold With Mining Stocks

Digging for Gold With Mining Stocks Schaeffers Research - 16 minutes ago by
TradingMarkets 3/15/2012 8:15:29 AM Many of the gold mining stocks that
short-term traders and active investors had become accustomed to trading have
slipped into bear-market territory with the latest correction.

Stocks Climbing Through the Wall of Worry?

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tdp2664 InvestorPlace Does investor pessimism amid a strong uptrend mean the bullish ride should continue?



RIM Goes on the Offensive to Retain Corporate, Government Clients

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tdp2664 InvestorPlace In its quest to retain corporate and government clients, RIM is emphasizing the security, reliability, and adaptability of its network.



Gold & Silver Prices – Daily Outlook March 15th 2012

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DG365FD46564GFH654FU898 Gold and silver prices took a dive and tumbled down all the way back to their levels in 2011. The lingering effects of the recent FOMC meeting may have had a key role in this turn of events. Will this downward trend continue during the day? Currently gold and silver are traded up. There are many reports to be published today including: U.S. Jobless Claims, U.S. Producer Price Index, U.S. TIC Long Term Purchases, Libor Rate of Swiss National Bank and Philly Fed Manufacturing Index. Here is a short review on gold and silver prices for Thursday, March 15th: Gold and Silver– March Update Gold price tumbled down on Wednesday by 3.03% to $1,642.9; silver also decreased by 4.17% to $32.18. During the month, gold declined by 4% and silver by 7.1%. The chart below presented the changes in gold and silver during March (prices are normalized to February 29th). The ratio between gold and silver edged up on Wednesday, and reached 51.05. During the month the ratio rose by 3.34% as gold has outperformed silver. In the chart below are the changes of this ratio during the month. On Today’s Agenda Libor Rate of Swiss National Bank: the Swiss



#Mining in Yemen: Cantex’s steps to exploration success in the region

Chad Ulansky, President and CEO of Cantex Mine Development Corporation shared
the company's experiences operating mining projects in Yemen at the MENA
Mining Congress 2011. Geological surveys conducted in country have identified
prospects for gold, copper, iron and zinc. Cantex has been working in Yemen
continuously since 1996 and has made 3 significant gold discoveries at Al
Hariqah, Al Fayad and Jabal Sabrayn as well as 3 significant base metal
discoveries at Suwar, Wadi Qutabah and Al Masna'a. To find out more about how
Cantex operate successfully in Yemen, download their presentation from the MENA
Mining Congress 2011. Want an update on mining activities in Yemen and the
surrounding North African region? Between 21-23 October 2012, The MENA Mining
Show will unite mining companies, investors and government officials from across
the Middle East and North Africa to discuss the latest exploration
opportunities. To find out more, visit www.terrapinn.com/miningme

Whole Foods is a Natural Choice for Your Portfolio

Whole Foods Market (NASDAQ:WFM) is in a powerful bull channel and under heavy
accumulation.

Silver and Gold Tumbled Down–Recap March 14th

Gold and silver prices tumbled down yesterday and thus they have both reached
their lowest level in 2012. This means the rally of bullion prices during
January was whipped clean. Crude oil prices also declined; natural gas future
price also resumed its downward trend. The Euro also sharply fell against the
U.S. dollar. Here is a summary of the changes in precious metals and energy
commodities for March 14th, 2012: Precious Metals: Gold price sharply declined
by 3.03% to $1,642.9; Silver price also decreased by 4.17% and reached $32.18.
During March, gold decreased by 4% and silver by 7.1%. The Euro/USD was traded
sharply down by 0.93% to 1.3033; furthermore, the U.S Dollar appreciated against
many other exchange rates such as the Australian dollar. Oil and Gas: WTI price
also traded down by 1.2% to $105.43 per barrel; Brent oil also decreased by
0.98% to $125.06 per barrel; Due to these changes, the gap between Brent and WTI
oil prices slightly expanded to $19.63/bbl. During the month, WTI traded down by
1.5% while Brent oil edged up by 0.9%. The Henry Hub future (April delivery)
slightly fell by 0.65% to $2.28/mmbtu; the Henry Hub spot price declined to
$2.10/mmbtu; the

Gold & Silver Prices – Daily Outlook March 15th 2012

Gold and silver prices took a dive and tumbled down all the way back to their
levels in 2011. The lingering effects of the recent FOMC meeting may have had a
key role in this turn of events. Will this downward trend continue during the
day? Currently gold and silver are traded up. There are many reports to be
published today including: U.S. Jobless Claims, U.S. Producer Price Index, U.S.
TIC Long Term Purchases, Libor Rate of Swiss National Bank and Philly Fed
Manufacturing Index. Here is a short review on gold and silver prices for
Thursday, March 15th: Gold and Silver– March Update Gold price tumbled down on
Wednesday by 3.03% to $1,642.9; silver also decreased by 4.17% to $32.18. During
the month, gold declined by 4% and silver by 7.1%. The chart below presented the
changes in gold and silver during March (prices are normalized to February
29th). The ratio between gold and silver edged up on Wednesday, and reached
51.05. During the month the ratio rose by 3.34% as gold has outperformed silver.
In the chart below are the changes of this ratio during the month. On Todays
Agenda Libor Rate of Swiss National Bank: the Swiss

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