Monday, March 26, 2012

Gold Price Closed at $1,685.60 Strong Resistance Awaits at $1,705

Gold Price Close Today : 1685.60 Change : 23.20 or 1.40% Silver Price Close
Today : 3272.6 Change : 47.8 cents or 1.48% Gold Silver Ratio Today : 51.506
Change : -0.044 or -0.09% Silver Gold Ratio Today : 0.01942 Change : 0.000017 or
0.09% Platinum Price Close Today : 1647.70 Change : 21.50 or 1.32% Palladium
Price Close Today : 668.00 Change : 8.80 or 1.33% S&P 500 : 1,416.51 Change :
19.40 or 1.39% Dow In GOLD$ : $162.39 Change : $ (0.00) or 0.00% Dow in GOLD oz
: 7.856 Change : 0.000 or 0.00% Dow in SILVER oz : 404.62 Change : -0.39 or
-0.10% Dow Industrial : 13,241.63 Change : 180.90 or 1.39% US Dollar Index :
78.93 Change : -0.357 or -0.45% The GOLD PRICE jumped up when Bernanke was
slapping the dollar, which was no surprise to anyone with an IQ greater than the
temperature of his feet on a cold day. GOLD PRICE gained $23.20 on top of
Friday's $20 gain to close at $1,685.60, and has now reached the bottom of the
range where it fell away. The GOLD PRICE has gained $43.20 in the last two days,
2.63%, from last Thursday $1,642.30. Mmmmm. The GOLD PRICE hit a $1,693.30 high
today, plus closing above its 200 day moving average (1,683.66). Momentum is
plainly up, but gold again meets its 150 DMA ($1,708.36) at $1,708.36, where
strong resistance also awaits ($1,705). But who knows? Maybe last week we saw
Gold's low for the move? Right now gold has its dander up, so expect higher
prices tomorrow. Gold needs that close above the 150 DMA to prove it has
finished its correction. SILVER PRICE closed the Comex at 3272.6c. In the last
two trading days silver has added 140.7c (4.5%). Today it augmented (that's for
you engineers out there) 47.8c. Today buoyed silver up to that internal support/
resistance line, but its 3304c high also reached for the 20 (3345c) and 50
(3333c) day moving averages. For the present I'm working on a tentative theory
that both silver and gold bottomed last week, but that will only be proven when
this move falters and falls back to a slightly HIGHER low than the last one.
Hang on. Silver and gold are turning exciting. The comrades on the supreme
court, known affectionately here as "The Supremes," are hearing a gang of
lawsuits on Obamacare. Let me cut to the bone for you right here: no way
congress can "mandate" you buy life insurance, a hamburger, a Chevrolet, or
anything else, The Supremes notwithstanding. Listen here: if you have to sign
something to participate, they can't mandate it. Think about it: You murder
somebody with a meat ax. The police come to arrest you. At any point in the
proceeding, will anybody present you with a contract proving you signed
promising that you will not kill anybody with a meat ax? Nope. It is therefore
MANDATORY that you not kill people with a meat ax. However, to buy the
"mandated" insurance, you will have to sign a contract. If government can make
you sign anything, then you are not free. Same argument applies to social
security: did you have to SIGN something, something called an "application,"
before you got a social security number? What would have happened had you NOT
signed? Would they have given you a number anyway? Like I said, the yankee
government can NOT make you buy insurance, medical or otherwise. TODAY gave us
another example of how the Fed destabilizes markets. The Bernancubus made
statements the market interpreted as soft on inflation. That broke the dollar's
back and sent stocks jumping high, and boosted silver and gold. The Bernancubus
is the same old drunk driver, slamming on the brakes, then pushing the gas pedal
to the floor. Here's the irony so bitter it makes you want to spit: they claim
that a central bank stabilizes markets. I will not even touch, as a subject too
painful for honest and rational minds to dwell on, how badly the Fed's jimmying
interest rates lower destabilizes the entire economy and guarantees future
poverty. Highest Dow close for this move took place on 15 March at 13,252.76,
and for the S&P500 on 19 March at $1,409.59. Today the Dow added 180.9 (1.23%)
to close at 13,241.63 while the S&P500 added 19.4 (1.39%) to 1,416.51. For the
S&P500 that was also a marginal new intraday high, but not for the Dow. In other
words, rather than first steps on a new rally, this may mark the opposite, a
deadly double top. How can we tell? If not a double top, tomorrow stocks will
advance, should advance strongly. If they piddle, then drop below 13,000,
standing under them will be like standing on a sidewalk watching piano movers
hoist up a piano on a pulley. Nothing good will be coming your way. Stupid
people are not necessarily evil, but evil people can sometimes look stupid to
those who don't know they are evil. Take for instance Bernanke's statements
today, and I am not saying Bernanke is personally evil any more than being
involved in any fundamentally, irretrievably evil institution makes one evil. I
suppose you might work for the Mafia and be a really good person, but it doesn't
seem likely. Anyhow, since I presuppose to virtual certainty that central
bankers do to markets what they INTEND to do, I suppose the Nice Government Man
Mr. B. WANTED to knock the US dollar index down. Dollar dropped like your
mother-in-law's opinion of you when you showed up for Thanksgiving dinner sloppy
drunk, just about the time NGM Bernanke was stating his statement. Broke that
79.40-79.30 level that had been supporting it and ended up down 35.7 basis
points to 78.928 (-.4%). Of course, I'm as enthusiastic about the dollar as I am
about cholera, and like the euro almost as much as smallpox. The yen ranks
around pneumonic plague. But I digress, because all are so patently vile. The
dollar's fall goosed the euro above its 20 DMA but only to the downtrend line.
Closed at $1.3356 or up 0.65%, so all y'all planning a trip to France will be
paying more (unless you were clever enough to buy GOLD instead of vile paper
currencies -- integrity occasionally has its rewards). In Japan the NGM must be
worrying that the yen was about to recover after its extended plunge, so despite
the dollar's tumble, the yen tumbled, too, down 0.6% to 120.74/Y100
(Y82.82/US$1). No matter, the yen has still pointed its nose skyward. Argentum
et aurum comparenda sunt -- -- Gold and silver must be bought. - Franklin
Sanders, The Moneychanger The-MoneyChanger.com 888-218-9226 10:00am-5:00pm CST,
Monday-Friday © 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 Fields committed to Mali despite unrest

Gold Fields committed to Mali despite unrest Independent Online - 10 hours ago
By Reuters The chief executive of Gold Fields, the worlds No. 4 gold producer,
said on Monday his company wanted to continue its exploration activities in
Mali, where a military coup last week prompted the miner to suspend drilling
operations.

The Dow Dazzles — Monday’s IP Market Recap

Fed Chairman Ben Bernanke provided some soothing comments about interest rates,
and stocks soared.

Has Bernanke Opened the door again on QE3?

Bernanke gave a speech today titled: Recent Developments in the Labor Market he
referred to the current situation in the labor market and stated despite the
recent improvement, the job market remains far from normal this speech rekindled
the speculation of another monetary intervention by the Fed, i.e. QE3. The
market reaction was very clear and rapid as gold price rose by 1.78% and the U.S
stock markets also sharply rose. Does this mean there will be another stimulus
plan? As always the answer is – its complicated.

Gold, Silver Up on Bernanke Comments

A weaker-than-expected report on February pending home sales also contributed to
the rise.

Silver Prices, Gold Prices, Platinum Prices, Spot Palldium Prices; Price of Precious Metals Today Approaching Close; Price per troy ounce Trends

Precious metal Price trend Review Today: Although Gold Price trends are
negative according to one month change analysis, the precious metals price
growth is distinctly positive when viewed from the perspective of a year. Gold
price trend-line is currently positive by approximately 17.11 percent according
to one year change. As the opening trading session of this week was culminating,
gold price per ounce trends were on the rise. Gold price has pushed higher over
the course of the last year due, in part, to global market volatility. When
market currencies weaken, the safe haven appeal of precious metals attract more
investors. Other metals attracting attention at this time include Palladium,
Platinum, and Silver. Price Trends Approaching Close for Gold, Silver,
Palladium, and Platinum: As todays session was approaching close, the precious
metal prices were green across the board. April contract gold was green by 1.40
percent at 1685.60 per troy ounce. May contract silver was higher by 1.48
percent at 32.75 per troy ounce. April contract Platinum was green by 1.15
percent at 1646.70 per troy ounce. Spot Palladium price was tracking green at
665 per troy ounce prior to official close in the U.S. Camillo Zucari

A buying opportunity in Mali gold stocks?

A buying opportunity in Mali gold stocks? NASDAQ - 1 hour ago Last weeks coup
detat in the landlocked, West African nation of Mali sent gold stocks with
exposure to the country tumbling. Mali Coup Leaders Steer Clear Of Economic
Upheaval - International Business Times Rebel soldiers say they have seized
power in Mali - defenceWeb

Gold Stocks Rally, GDX Eyes Best 2-Day Stretch in a Month

GOLD STOCKS NEWS – Gold stocks rallied on Monday as the Market Vectors Gold
Miners ETF (GDX) climbed $0.83, or 1.7%, to $50.59 per share.

Gold Fields says committed to Mali despite unrest

Gold Fields says committed to Mali despite unrest Reuters - 1 hour ago |
JOHANNESBURG (Reuters) - The chief executive of Gold Fields (GFIJ.J), the worlds
No. 4 gold producer, said on Monday his company wanted to continue its
exploration activities in Mali, where a military coup last week prompted the
miner to suspend ...

Today’s Gold Price; Spot gold prices per gram; Silver price Spot silver prices per ounce; Mid-Day Price of Gold and Silver Today

Gold, Silver, Precious metal Market Trending News Today: Gold prices have been
pressured recently by the potential for weaker demand overseas in addition to
the U.S. dollar that has been trending stronger than the euro. The euro has
struggled for the better part of this calendar year as the eurozone attempts to
regain financial stability. Leaders recently stepped towards financial stability
by orchestrating a bailout action plan so that Greece could avoid debt default.
The euro, however, continues to struggle. The weaker euro and stronger dollar
often translate into fewer investors positioning with safe haven precious
metals. Prior to opening bell this morning, the price of spot gold was tracking
negatively as was the price for spot silver. Today, the dollar was tracking
negatively versus the euro and the British pound. Gold price was posting in the
green. Contract gold price per ounce and contract silver price per ounce mid-day
trend review: As of the mid-day mark, April contract gold was green at 1686 per
troy ounce and May contract silver was green at 32.27 per troy ounce. Mid-day
Spot gold price and spot silver price trend review today: Mid-day trends for
spot gold and spot silver were tracking higher. Spot gold per gram posted at
54.19 and spot silver per ounce posted at 32.76 as of the mid-day mark. Camillo
Zucari

Broad Gains for US Stocks - Wall Street Journal

Wall Street Journal Broad Gains for US Stocks Wall Street Journal By CHRIS
DIETERICH NEW YORK—US stocks rose, rebounding from the years biggest weekly
declines, after Federal Reserve Chairman Ben Bernanke said additional
accommodative policies are necessary to create jobs. The Dow Jones Industrial
Average advanced ... Bernanke says US needs faster growth Reuters US Stocks
Advance Following Bernankes Comments Bloomberg Stock futures up, Bernanke
reaffirms rate resolve The Associated Press CNNMoney - MarketWatch - Los Angeles
Times all 871 news articles

Premier Gold Reports “Historic Event” at Rahill-Bonanza

Premier Gold Mines (PG.TSX) provided an update on operations at the
Rahill-Bonanza property in which the company has a joint venture.

Plenty of Flavor in Tiny Batch of New ETFs

Among a small batch of new ETFs launched last week are a 'fair and balanced'
Nasdaq 100 and a leveraged play on real estate.

Gold Price Jumps after Bernanke’s Speech

GOLD PRICE NEWS – The gold price advanced $16.56, or 1.0%, to $1,679.56 per
ounce Monday amid weakness in the U.S. dollar and a broad-based rally on Wall
Street.

Dow Chemical Lines Up Big Thailand Investment

Dow Chemical (NYSE:DOW) has plans to invest $125 million in Thailand. Dow
Chemical Lines Up Big Thailand Investment Chemicals manufacturer Dow Chemical
(NYSE:DOW) has announced that it will invest $125 million in Thailand to enhance
its productivity. The company will invest $100 million for the development of a
propylene glycol (PG) plant and $25 million

Fortuna Silver Reports Strong 2011 Financial Results

Fortuna Silver Mines (FVI.TSX, NYSE: FSM) reported its financial results for
the fiscal year ended December 31, 2011.

Gold Price Jumps after Bernanke's Speech

Gold Price Jumps after Bernankes Speech International Business Times - 1 hour
ago By jturbin GOLD PRICE NEWS - The gold price advanced $16.56, or 1.0%, to
$1679.56 per ounce Monday amid weakness in the US dollar and a broad-based rally
on Wall Street.

Gold Fields committed to Mali

Gold Fields committed to Mali Independent Online - 21 minutes ago By Reuters
The chief executive of Gold Fields, the worlds No. 4 gold producer, said on
Monday his company wanted to continue its exploration activities in Mali, where
a military coup last week prompted the miner to suspend drilling operations.

Gold Stock Price Update for Today, Mar-26

Gold Stock Price Update for Today, Mar-26 Fyxnews - 2 hours ago Gold stock
prices for today, Monday, March 26, 2012. This is an overview of how gold mining
stocks are performing. Barrick Gold Corporation (NYSE:ABX) is currently trading
at $43.76.

Comcast Running University Grant Program In Maryland

Comcast (NASDAQ:CMCSA) has awarded grants for bright students in Maryland.
Comcast Running University Grant Program In Maryland The philanthropic arm of
the US based cable giant Comcast (NASDAQ:CMCSA) is awarding 100 Maryland high
school seniors scholarships through its annual Leaders and Achievers Scholarship
Program. Comcast (NASDAQ:CMCSA) spokeswoman Jessica Nyce said, "It's
important to give these

Microsoft Corporation Planning University Investment

Microsoft Corporation (NASDAQ:MSFT) has plans to invest up to 9 million Euros in
mobile application development program at Aalto University. Microsoft
Corporation Planning University Investment The software giant Microsoft
Corporation (NASDAQ:MSFT) has announced that the company and Nokia will each
invest up to up to 9 million euros in mobile application development program at
Aalto

Gold & Silver Prices – Daily Outlook March 26th 2012

Gold and silver prices bounced back on the last day of the week, but didnt do
much during last week when examining their performance on a weekly scale.

Google Inc. Launches Street View Service In Thailand

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tdp2664 E money daily Google Inc. (NASDAQ:GOOG) has launched its street view service in Thailand. Google Inc. Launches Street View Service In Thailand The tech giant Google Inc. (NASDAQ:GOOG) has expanded its street view service in Asia by adding the service to Thailand to offer street-level images of the country. Thailand is the second Southeast Asian country to get



5 Flaws of Target-Date Retirement Funds

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tdp2664 InvestorPlace The popularity of target-date funds inside 401(k) plans is soaring. But these types of retirement funds have major flaws that are being overlooked.



Spring Cleaning for Financials: 2 to Sell, 2 to Buy

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tdp2664 InvestorPlace There’s a big difference between which to keep and which to dump. Here’s why you should stick with JPMorgan and Capital One, but ditch AIG and Citi.



Google Inc. Launches Street View Service In Thailand

Google Inc. (NASDAQ:GOOG) has launched its street view service in Thailand.
Google Inc. Launches Street View Service In Thailand The tech giant Google Inc.
(NASDAQ:GOOG) has expanded its street view service in Asia by adding the service
to Thailand to offer street-level images of the country. Thailand is the second
Southeast Asian country to get

Today’s Gold Price per Ounce Spot Gold Price Per Gram; Spot Silver price per ounce; price of gold and silver trend review today

Gold price and silver price market trending news review today: Investors will
attentively observe gold and silver price trends as this week of trading
progresses. Gold and silver prices moved above and below break-even over the
last five trading sessions and ultimately ended the last trading week as a whole
on opposite sides of break-even. Gold price trends were just positive for the
week by about .4 percent. Silver price trends were negative overall for the last
five full trading sessions. The dollar dropped weaker to the euro and the
British pound last session which helped spark a small rally for gold and silver
price trend-lines. Both precious metals closed the last trading session in the
green. Gold price per ounce close and silver price trend close review today:
April gold closed out the last full trading session higher by 19.90 at 1662.40
per troy ounce. May silver finished higher by .93 at 32.27 per troy ounce.
Current Gold and silver price trend review over last several weeks: On average,
gold and silver prices have moved negatively over the course of the last several
weeks. Gold price trend-line is negative by approximately 6.4 percent according
to one month change analysis and silver price trend-line is negative by
approximately 8.6 percent Spot gold price per gram and spot silver price per
ounce current trend review: Prior to opening bell this morning, spot gold per
gram price and spot silver per ounce price trends were tracking negatively. Spot
gold per gram posted at 53.39 and spot silver per ounce posted at 32.16. Camillo
Zucari

Fairfax Marketing Report including Stellar Diamonds, Polaron, First Quantum ...

Fairfax Marketing Report including Stellar Diamonds, Polaron, First Quantum ...
Proactive Investors UK - 1 hour ago • Every now again there is a salutary
lesson to investors on where mining companies have their assets. • The coup in
Mali reminded investors that Randgold Resources exposure to gold the safe haven
commodity was not necessarily from a "safe" country.

Google Alert - Antiques treasure

News1 new result for Antiques treasure
 
ROADSHOW PAYING CASH FOR GOLD, SILVER, COINS AND ANTIQUES 27TH ...
Dentistry IQ
The Treasure Hunters Roadshow opens Tuesday 27th March in Grimsby and is looking for antiques and collectables. Remember those Dinky cars you played with as ...


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Technicals Throwing Up Short-term Warning

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tdp2664 InvestorPlace Stocks are in need of a breather before the next big move higher.



Directors' Randgold Resources shareholding

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gol2664 Negocioenlinea Directors' Randgold Resources shareholding MarketWatch (press release) – 28 minutes ago JERSEY, CHANNEL ISLANDS, Mar 26, 2012 (MARKETWIRE via COMTEX) — RANDGOLD RESOURCES LIMITED Incorporated in Jersey, Channel Islands Reg.



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