The Gold Price is Trapped Between $1,640 and $1,665 One Way or Another this will Break Next Week

Gold Price Close Today : 1,655.50 Gold Price Close 9-Mar : 1,710.90 Change :
-55.40 or -3.2% Silver Price Close Today : 3257.3 Silver Price Close 9-Mar :
3417.5 Change : -160.20 or -4.7% Gold Silver Ratio Today : 50.824 Gold Silver
Ratio 9-Mar : 50.063 Change : 0.76 or 1.5% Silver Gold Ratio : 0.01968 Silver
Gold Ratio 9-Mar : 0.01997 Change : -0.00030 or -1.5% Dow in Gold Dollars : $
165.23 Dow in Gold Dollars 9-Mar : $ 156.13 Change : $ 9.10 or 5.8% Dow in Gold
Ounces : 7.993 Dow in Gold Ounces 9-Mar : 7.553 Change : 0.44 or 5.8% Dow in
Silver Ounces : 406.24 Dow in Silver Ounces 9-Mar : 378.11 Change : 28.13 or
7.4% Dow Industrial : 13,232.55 Dow Industrial 9-Mar : 12,922.02 Change : 310.53
or 2.4% S&P 500 : 1,404.16 S&P 500 9-Mar : 1,370.87 Change : 33.29 or 2.4% US
Dollar Index : 79.801 US Dollar Index 9-Mar : 80.003 Change : -0.202 or -0.3%
Platinum Price Close Today : 1,672.70 Platinum Price Close 9-Mar : 1,689.25
Change : -16.55 or -1.0% Palladium Price Close Today : 697.80 Palladium Price
Close 9-Mar : 711.25 Change : -13.45 or -1.9% The more I pore over the silver
and GOLD PRICE charts, daily and weekly, the louder those upside down head and
shoulders formations shout. I'd say that within a month, maybe a little longer,
they will be completed and ready to break out over the neckline. Meantime, we
suffer. The GOLD PRICE shuffled down $3.60 to $1,655.50. Now that doesn't look
like much of a performance, but the sellers attacked about the time New York
opened and drove gold clean down to $1,640. But gold climbed right back to
$1,664.70, leaving a clean V-reversal behind. Problem remains that gold did not
exceed yesterday's high at $1,665.60 and indeed gave a little ground. Thus
$1,640 shapes up as strong support, but $1,665 as tough resistance, and like
that little steel sphere in a pinball machine, gold seems trapped. One way or
the other this will break next week. The SILVER PRICE gave back a miserly 12
cents today to a 3257.3c close. Silver was attacked by sellers today, too, and
fought them off but also failed to advance above yesterday's highs. Like a man
trying to climb a cliff, I am watching 3150c support below, and 3300c resistance
above. 'Twas a tough week for silver and gold, but a good week for stocks and a
flat week for the US Dollar. And it's got me scratching my head. The one thing
you have to keep on doing constantly is to keep questioning your own
presuppositions. Is the chart changing primary trend, or pulling your leg? Stop
asking that and the market will one day behead you. Stocks finally broke through
13,000 this week, and shot 2.4% higher. Stock indices spake with the Voice of
Babel today, most lower but the S&P500 higher. Dow shaved off 20.12 (0.15%) to
stop at 13,232.55. S&P500 won a psychological victory this week by crossing
above 1,400, and rose today 1.56 (0.11%) to 1,404.16. What has me scratching my
head is not lice (I hope), but the Dow in Gold Dollars, my most reliable
indicator. It has been headed down since August 1999 at about G$940.50 and today
stands at G$165.28 (7.993 oz). This takes the DiG$ out above the current
downtrend line. Normally when the DiG$ bumps its forehead against a downtrend
line or even slightly crosses it, it foretells a big drop in stock coming
against gold. In other words, that bump into the downtrend line marks the spot
where stocks have spent all their strength against gold -- generally. Yet the
DiG$ rose a little higher. Could mean two things, either that the DiG$ may make
a foray up to its 200 day moving average, which has happened before and would
change no primary trend, or that the primary trend has changed. That would
change everything, since the primary trend we have been riding is "Gold and
Silver up, Stocks and Dollar down." I resist the latter conclusion, even while I
look it in the eye, because no upside blow-off has yet overtaken metals. At the
end of every bull market in every investment, a blow-off occurs. So this may be
a painful time when stocks outperform gold, even send the DiG$ to the 200 DMA,
but there's no hard evidence the primary trend has turned. Yes, I am not unaware
that multitudinous croakers from Wall Street are singing like spring peepers
that gold and silver have passed their peak, and that the US economy is on its
way to recovery. The first is wrong, the second is the triumph of hope over
reason. Meantime, we hold our silver and gold and stick with a strategy that has
brought success since 2001 and that has not yet been gainsaid by events. Tried,
but not gainsaid. US dollar index dipped lower today than I expected, and
reached the lower limit of believability. Dollar closed down 0.45% to 79.80
after a 79.68 low. Either the dollar turns around here, or the Nice Government
Men mean to send it down again for a while, and let the other Potemkin
currencies rise. The euro and yen both rose today, but let's address them one by
disgusting one. I say "disgusting" because any morally and rationally fastidious
mind must recoil in pain and horror at the monetary set up we use every day
without the least shiver or tremor of nausea. If a man from Mars should arrive,
I don't want the job of explaining the monetary system to him. He would just
look at you in disbelief and disgust, spin on his eight heels, climb back into
his flying soupbowl and spin away to some saner planet, shaking both heads. But
I digress. Euro today rose 0.67% to $1.3168. That has the look of a turnaround
upward on the 5 day chart, but to make good on that threat, the Euro must close
above 1.3200. Euro appears a bit more equivocal on a longer chart, but has in
the last 6 days smashed into its critical moving averages -- 50 and 62 day --
and turned up. However, above remains the 20 DMA at 1.3227 and a little gap.
Euro may be doing no more than filling that gap before it resumes its earthward
trajectory. The yen, having made the huge downward adjustment the Nice
Government Men wanted, today posted the first half of a Key Reversal.
Specifically, it hit a new low for the move yet closed higher on the day. It
will complete the Key Reversal if it closes higher on Monday. Remember, however,
that if it fails to close higher it will negate the Key Reversal. Close was
120.01c/Y100, up 0.18%. There you go again, Moneychanger, filled with suspicion
of the Nice Government men whose only intention is to do good. Why do you look
at that nice Round 120 Number and say automatically, "Central Bank Target
determined over rubber chicken at the monthly BIS meeting in Basel"? I am so
ashamed of myself. Y'all enjoy your weekend! 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 Stock Crowded With Sellers

GOLD Stock Crowded With Sellers Forbes - 1 hour ago In trading on Friday,
shares of Randgold Resources, Ltd. (NASD: GOLD) entered into oversold territory,
changing hands as low as $101.63 per share.

Today’s Dow Jones Industrial DJIA Index, Nasdaq Index, S&P 500 Index Stock Market Investing Economic News Trends

Stock Market Investing News Today: Prior to opening bell this morning, the
primary stock indices in the U.S. were posting in the green. Stocks were once
again positioned for a slightly better open to the last trading session of this
week. A batch of better than expected economic reports dropped during Thursdays
session and this helped to push the Dow, as well as the Nasdaq and the S&P 500,
into the green to close that day. The positive momentum of the manufacturing
data, as well as the producer prices and the lower initial jobless claims,
supported the positive close. The positive close helped investors confidence
regarding the U.S. economy and its push towards economic recovery. The jobless
claims report that posted Thursday was the lowest seen in approximately 4 years.
The Nasdaq finished Thursdays session at its highest point since 2000 and the
Dow finished better than any marks it has posted since 2007. As of the mid-day
mark in todays session, the primary U.S. stock indices were tracking around
break-even on the day. One day after stocks finished the relative strength, the
primary indices were mixed. Todays DJIA, Nasdaq, S&P 500 Index Trends
Approaching Close Today: Just prior to close today, stock indices were still
choppy. The Nasdaq was lower by.07 percent at 3054.25. The Dow Jones was red by
.08 percent at 13,242.31. The S&P 500 was green by .12 percent at 1404.34
approaching close for the day. Frank Matto

Gold Futures Post 3.3% Weekly Loss, Silver Tumbles 4.8%

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gol2664 Negocioenlinea Gold Futures Post 3.3% Weekly Loss, Silver Tumbles 4.8% International Business Times – 4 minutes ago By jturbin Precious metals settled modestly lower on Friday to extend their weekly losses despite weakness in the US dollar. COMEX gold futures, per the April contract, finished down by $3.70, or 0.2%, at $1655.80 per ounce.

Gold Futures Post 3.3% Weekly Loss, Silver Tumbles 4.8%

Gold Futures Post 3.3% Weekly Loss, Silver Tumbles 4.8% International Business
Times - 4 minutes ago By jturbin Precious metals settled modestly lower on
Friday to extend their weekly losses despite weakness in the US dollar. COMEX
gold futures, per the April contract, finished down by $3.70, or 0.2%, at
$1655.80 per ounce.

Gold Futures Post 3.3% Weekly Loss, Silver Tumbles 4.8%

Gold Futures Post 3.3% Weekly Loss, Silver Tumbles 4.8% International Business
Times - 4 minutes ago By jturbin Precious metals settled modestly lower on
Friday to extend their weekly losses despite weakness in the US dollar. COMEX
gold futures, per the April contract, finished down by $3.70, or 0.2%, at
$1655.80 per ounce.

Fed, Bernanke Invite Plethora of Criticism with Twitter Account

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tdp2664 The Federal Reserve, in an effort to improve the level of transparency it has been accused of lacking, opened its own Twitter account this week. While the Fed’s tweets have thus far have provided its followers with access to such items as updates on its balance sheet and text of a recent speech by Chairman Ben Bernanke, more Twitter users seem to be interested in sharing their opinions on the pluses and minuses of the central bank. In an effort to spread the word about the Federal Reserve’s increased level of transparency, Zero Hedge presented a sampling of Fed-related tweets – most of which were heavily critical of the central bank.

I Bought And Alerted NEOM At $.0158, Were You With Me?

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tdp2664 Penny Stock Live Yesterday I bought 400,000 shares of NeoMedia Technologies (OTCBB:NEOM) at $.0158 and alerted my premium subscribers to the trade. Below are their testimonials – look at their profits below. Today NEOM is up well over 150% from my alert on millions of dollar volume again. A current chart shows it trading at $.051 right now. Right now both my swing trade and day trade newsletter is sold out with close to 1,000 paid subscribers scoring huge wins over and over with me. But there is a waiting list and we’ll open for enrollment April 1. Look at what they’re saying about NEOM today. Raphael: The NEOM alert came at the perfect time for me. Bought 125,000 shares at $.0159 and sold them at $.0363. Almost 130% on a single trade.This is insane. Got in with $2k and got out with $4.5k. As you always say, “you are as good as your last trade”. You nailed this one!!!! David K: Bought $5,500 worth of NEOM at $.0176 yesterday, sold at$.03 this morning.

Bill Gross Talks up TRXT, the Total Return ETF

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tdp2664 InvestorPlace Bill Gross is talking up the Total Return ETF after a couple weeks of trading. That’s a small sample size, but investors have other reasons to believe in TRXT.

FTSE 100 CLOSE: Essar Energy surges

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gol2664 Negocioenlinea FTSE 100 CLOSE: Essar Energy surges Fundweb – 5 minutes ago Essar Energy was the biggest climber at the close of trading with share price increasing by 7.4% to 122p, as the blue-chip index once more neared 6000.

Microsoft Corporation Cutting Cloud Office Costs

Microsoft Corporation (NASDAQ:MSFT) has reduced the prices of some of its Office
365 plans. Microsoft Corporation Cutting Cloud Office Costs According to
reports, Microsoft Corporation (NASDAQ:MSFT) has lowered the prices of some
editions of its Office 365 cloud collaboration and communication suite.
Microsoft Corporation (NASDAQ:MSFT) is cutting the prices because the cost of
running Office

Gold Up, Silver Down Amid U.S. Inflation

The Federal Reserve Board reported that industrial production was unchanged in
February -- much lower than market expectations.

Google Inc. Spreads Flight Service To The World

Google Inc. (NASDAQ:GOOG) has extended its Flight search service worldwide.
Google Inc. Spreads Flight Service To The World Google Inc. (NASDAQ:GOOG) said
that it has extended its Flight search service beyond the United States. The
company has now included 500 international airports to its flight search
algorithm, however, the service is only available for those

FTSE 100 movers: Lower gold price hits miners

FTSE 100 movers: Lower gold price hits miners ShareCast - 42 minutes ago LONDON
(SHARECAST) - Polymetal and Randgold Resources both dropped lower, as gold
prices took a hit. Polymetal continues to make headlines concerning the rumoured
merger with Russian peer Polyus Gold, which is aiming to raise its free float to
25% ...

Extorre Gold Mines Closes C$25M Financing

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tdp2664 Extorre Gold Mines (XG.TSX, AMEX: XG) reported the closing of its previously announced bought deal private placement financing.

Starbucks Verismo Brewer Might Sink Nestle as Well as GMCR

Starbucks NASDAQ:SBUX made a splash two weeks ago with the launch of its
high-pressure Verismo coffee machine, which could hurt Nestle and its Nescafe
business.

Extorre Gold Mines Closes C$25M Financing

Extorre Gold Mines (XG.TSX, AMEX: XG) reported the closing of its previously
announced bought deal private placement financing.

Canaco Resources Strikes Again at Magambazi

Canaco Resources (CAN.TSXV) announced new assay results from diamond drilling
at its Magambazi gold project in Tanzania, Africa.

Gold Price Consolidates, QE3 Coming by June?

GOLD PRICE NEWS – The gold price moved lower Friday morning, falling $4.85,
or 0.3%, to $1,653.55 per ounce.

Gold Stock Price Update for Today, Mar-16

Gold Stock Price Update for Today, Mar-16 Fyxnews - 1 hour ago Gold stock
prices for today, Friday, March 16, 2012. This is an overview of how gold mining
stocks are performing. Barrick Gold Corporation (NYSE:ABX) is currently trading
at $43.85.

Gold prices high. But gold stocks a bargain.

Gold prices high. But gold stocks a bargain. Christian Science Monitor - 1 hour
ago Gold prices are still hovering near record territory, but gold mining stocks
are at one-year lows. Expecting gold prices to rise, some analysts see gold
stocks as a buy. Gold Stocks a Bargain Versus Gold: Analyst - CNBC.com (blog)

London midday: Footsie extends gains, RBS leads the rise

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gol2664 Negocioenlinea London midday: Footsie extends gains, RBS leads the rise ShareCast – 10 minutes ago The FTSE 100 was continuing to set new intraday highs by lunchtime, helped by a strong performance by financial and resource stocks.

Why Investors Needn’t Fear the ‘Patent Cliff’

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tdp2664 InvestorPlace Expiring drug patents can cost pharma stocks billions of dollars, but companies and investors alike can prepare themselves well in advance.

Gold & Silver Prices – Daily Outlook March 16th 2012

Gold and silver prices rallied from Wednesdays tumble and ended Thursday in the
green. Currently however gold and silver are traded down. Yesterdays U.S
published reports including the decline in U.S. Jobless Claims to 351k, the rise
in U.S. PPI by 0.4% in February, and the rise in the Philly Fed Manufacturing
Index to +12.5, may have some lingering effect during todays trading. Today the
U.S. CPI will be published.

5 Smoking Tobacco Stocks to Buy Now

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tdp2664 InvestorPlace Tobacco industry stocks are solid picks for your portfolio, as their fundamentals are strong, and they usually serve up strong dividends. Here are 5 to own.

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

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dow2664 Gold Price and silver price market trend review today: Spot gold price per gram and spot silver price per ounce turned green through the initial half of the last trading session. The dollar lost ground versus the euro last session and this action helped to support precious metal positioning trends. The inverse relationship between the dollar’s value and gold price trend-line was observable last session. Gold and silver prices finished the day on the positive side of break-even. Today’s Gold price per ounce and silver price per ounce contract close review: Both gold and silver contracts finished the last session in the green. April contract gold closed the session green by 1.01 percent at 1659.50 per troy ounce. Silver contract for May delivery finished the last session higher by 1.69 percent at 32.73 per troy ounce. Today’s spot gold price per gram and spot silver price per ounce early market trends today: Spot gold per gram price and spot silver per ounce price trends were red prior to opening bell this morning. Spot gold per gram was lower at 53.05 and spot silver per ounce price was lower at 32.39. Camillo Zucari

Gold and Silver Rallied from Wednesday’s Tumble –Recap March 15th

Gold and silver prices bounced back yesterday from their sharp decline a day
earlier. Crude oil prices on the other hand continued its downward trend;
natural gas future price remain flat but the spot price kept falling yesterday.
The Euro also rallied and slightly rose against the U.S. dollar. Here is a
summary of the changes in precious metals and energy commodities for March 15th,
2012: Precious Metals: Gold price rose by 1.01% to $1,659.5; Silver price also
increased by 1.69% and reached $32.73. During March, gold decreased by 3.03% and
silver by 5.53%.

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

Gold Price and silver price market trend review today: Spot gold price per gram
and spot silver price per ounce turned green through the initial half of the
last trading session. The dollar lost ground versus the euro last session and
this action helped to support precious metal positioning trends. The inverse
relationship between the dollars value and gold price trend-line was observable
last session. Gold and silver prices finished the day on the positive side of
break-even. Todays Gold price per ounce and silver price per ounce contract
close review: Both gold and silver contracts finished the last session in the
green. April contract gold closed the session green by 1.01 percent at 1659.50
per troy ounce. Silver contract for May delivery finished the last session
higher by 1.69 percent at 32.73 per troy ounce. Todays spot gold price per gram
and spot silver price per ounce early market trends today: Spot gold per gram
price and spot silver per ounce price trends were red prior to opening bell this
morning. Spot gold per gram was lower at 53.05 and spot silver per ounce price
was lower at 32.39. Camillo Zucari