Why Everyone Should be Buying Gold Now

A new quarter traditionally starts off on the strong side as reinvested
retirement funds pour into investment house coffers. But that was not the case
yesterday. Instead stocks opened lower and the selling continued throughout the
session. The broad-based S&P 500 was off 2.85%, and the Dow Jones Industrial
Average also took it on the chin, off 1.36%. But the Nasdaq suffered the worst,
off 3.29%, as technology and financial stocks were hammered hard. And banks were
singled out again with Bank of America (NYSE: BAC ) falling 9.6% on new worries
over the impact ofEurope's failure to address their sovereign debt issues.
Despite our economic woes, the world continues to rush to the U.S. dollar as a
safe haven. (For more bear market strategies, click here .) And so with the
dollar up it was no surprise thatU.S.stocks sold off again. Here we see the S&P
500 plunging through the bottom of the most recent consolidation and ending the
day just 29 points from the midpoint of last summer's trading range.

Gold Price Per Ounce Spot Gold price per Gram Todays Silver price per ounce Spot silver Prices; Gold and Silver Prices DJIA Review

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dow2664 The safe haven appeal of precious metals gold and silver pushed the two precious metals into positive territory during the initial half of the last trading session. Contract gold and silver were both posting values in the green at this point, as were values for spot gold per gram and spot silver per ounce. Investors continued to hold worries relevant to the debt default potentials in Greece as most believe that Greece will be challenged to resolve it’s financial issues. Many feel that default is a real possibility. The ramifications of the default would negatively affect markets globally and the threat of this happening is pushing negatively on market indicators currently. The safe haven aspects of precious metal gold and silver may benefit as the resolution process continues to unfold. As the last trading session came to a close in the U.S., the primary index composites all closed below break-even. The DJIA finished the day lower by 259.74 points to close out at 10,653.64. Both precious metals gold and silver closed out the last trading session in the green. Gold for December delivery closed out higher by 2.18 percent at 1657.70 per troy ounce. Contract Silver for December delivery closed out the last session higher by 2.37 percent at 30.80 per troy ounce. After last session close and prior to today’s opening bell, spot gold and spot silver prices continued to move in positive territory. Spot gold price per gram was higher by 1.37 at 53.47 and spot silver price per ounce was higher by .72 at 30.76 at this point. Camillo Zucari

DJIA Todays Dow Jones Industrial Average Index DJX DJI, Nasdaq S&P 500 Stock Market Investing News

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dow2664 The primary stock composites in the U.S. spent time on either side of breakeven during the last trading session as investors tried to process the mixed reports. Economic news posting in the U.S. was better than expected while anxiety over the financial crisis ongoing in Greece continued to weigh heavily on the minds of many. The Commerce Department reported that construction spending notched higher by almost three times that which was expected. According to the department’s report, construction spending in August bumped up by 1.4 percent just one month after slipping lower by 1.3 percent. This helped skew investor confidence positively. The pessimism of the day revolved around the debt default potentials regarding Greece. Greece continues attempts to work out a resolution plan to avoid debt default, but most economists believe that default in Greece is an inevitability. As the trading session reached the closing marks on the day, the primary index composites were ultimately pushed into the red to close. The Dow Jones Industrial Average closed out the session lower by 2.38 percent at 10,653.64. The Nasdaq finished lower by 3.29 percent at 2,335.83. The s&P 500 finished the day lower by 2.85 percent at 1,099.23. Frank Matto

Maybe the Gold Price is Bracing Up to Run to $1,725, but "to" that Mark Without "thru" that Mark Proves Nothing

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DG365FD46564GFH654FU898 Gold Price Close Today : 1655.00 Change : 35.60 or 2.2% Silver Price Close Today : 30.750 Change : 0.709 or 2.4% Gold Silver Ratio Today : 53.82 Change : -0.085 or -0.2% Silver Gold Ratio Today : 0.01858 Change : 0.000029 or 0.2% Platinum Price Close Today : 1512.00 Change : -15.00 or -1.0% Palladium Price Close Today : 591.00 Change : -20.00 or -3.3% S&P 500 : 1,099.23 Change : -32.19 or -2.8% Dow In GOLD$ : $133.09 Change : $ (6.21) or -4.5% Dow in GOLD oz : 6.438 Change : -0.300 or -4.5% Dow in SILVER oz : 346.51 Change : -16.77 or -4.6% Dow Industrial : 10,655.30 Change : -258.08 or -2.4% US Dollar Index : 78.57 Change : 0.544 or 0.7% The body of Friday’s commentary contained an error that was corrected elsewhere. The Dow did not close dead on 11,000 but down 240.60 (2.16%) at 10,913.38. The data error changeth not the conclusions. Sorry, I was racing to get up to Nashville to catch a plane for a wedding in Wichita. Great wedding, but awfully fast trip. And that Kansas is NOTHING like Tennessee. I looked around and I said to myself, “Dorothy, you’re not in Tennessee anymore.” Y’all also need to understand something: I am not a fortune-teller. I don’t even believe in fortune-telling, astrology, crystal-balls, and most market prognostication systems, or leastways, I’m too dumb or lazy to understand them. Fool that I am, I only know a few things, chief of which is “A Train Will Run Till It Reaches The Station.” First principle of investing is, Always align your investments with the primary trend. That’s the trend that runs 15 – 20 years, generally up or down ( GOLD and SILVER , 1960-1980; stocks 1982 – 2000; GOLD and SILVER , 2001 – ?). You get onto that primary trend train as soon as you hear that whistle blowing, and get off it when it reaches the station. All the lurching, bumps, and stops inbetween don’t amount to a hill of beans to a man riding to the last station. Therefore, if y’all are expecting Cosmic Revelations about what will for sure take place tomorrow, better betake yourselves somewhere you won’t be disappointed. I’m just riding this train until we reach the Sixteen-to-One Station, where I get off, and pointing out the scenery while we ride. So many of y’all asked me about the performance comparison, I’m giving it to you again, as of today. Figure in parenthesis is the gain or loss calculated from 3 October 2011. 3 October 11 4 Oct 10 3 Oct 06 Dow 10,655.3 10,751.27 (-0.9%) 11,727.34 (-10.1%) Gold $1,655.00 $1,315.40 (+20.5%) $576.3 (+65%) Silver $30.75 $22.013 (+28.4%) $10.955 (+64.4%) Now y’all have to be careful with comparisons like this, because the period chosen makes all the difference in the world, but this is sort of entertaining to thrust under the nose of those who insist stocks aren’t in a bear market or metals are a terrible investment. Stocks followed through downside today. Dow lost 258.08 or 2.36% and landed at 10,655.30. S&P500 lost even more, 2.85% (32.19) to end at 1,099.23 — OWCH! — below the psychologically sensitive 1,200 level. Stocks — the Grand Theft Auto of retirement expectations. I don’t reckon the panic in Europe is over right yet, despite all the assurances from the Eurocrats, commentators, etc. Stocks sure showed that, and so did the Euro, down a colossal 1.82% to 1.3172. Back when the Euro was lolling around 1.3900 folks were laughing about me expecting to see the Euro at 1.3000. Now that’s not nearly as funny as it was, or my awaiting it’s trip to 1.2000. Watch for it. It might delay, but it will come. Japanese yen closed at 130.57c/Y100 (Y76.58/$1), bouncing up off the triangle line and its 20 and 50 DMAs. Doesn’t want to give up, and may not. US DOLLAR INDEX rose a gargantuan 103.1 basis points (1.31%) from where ’twas trading Friday, to 79.603. Will reach 81.25 at least, creating bad suction on stocks, silver, and gold. What’s wrong with a man so suspicious he watches the GOLD PRICE rise $35.60 and close at $1,655 on Comex, then rise another ten bucks in the aftermarket to $1,664.20 and still refuses to jubilate? He might be remembering last week when the GOLD PRICE ran out of gas and failed at $1,675, especially when he sees today’s high at $1,672. Maybe he’s just tired and hungry, maybe he’s missing something, but he doesn’t see any cause for gloating short of the GOLD PRICE clearing $1,725 and advancing like a hog running for supper. This back and forth over the same territory — $1,675 to $1,575 — doesn’t build anything and it burns up buying power. Okay, maybe gold is bracing up to run to $1,725, but “to” that mark without “thru” that mark proves nothing. A downtrend in force remains in force until broken, and it’s not near breaking yet. Silver’s no different. It rose 70.9c today to close Comex at 3075, but remains trapped beneath 3100c (high today came at 3139c). Both the SILVER and GOLD charts appear to be tracing out pennants or flags, and the rule says, “Flags always fly at half-mast.” That is, they form about half-way through a move. If those are flags, then they’re storm flags and y’all better screw some plywood over your windows, put your lawn chairs in the garage, and get inside. The POINT: Silver and gold remain in a long term primary uptrend that will last another 3-1/2 to 10 years, but they are presently undergoing a major correction that hasn’t ended yet. Y’all will appreciate this tid-bit of historical irony. On 3 October 1776 the Continental Congress borrowed $5 million to halt the rapid depreciation of paper money in the colonies. If anybody here thinks that worked, call me about some great beach front property in Kansas. Argentum et aurum comparenda sunt — – Gold and silver must be bought. – Franklin Sanders, The Moneychanger The-MoneyChanger.com © 2011, 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 in a bubble, primary trend way down. Whenever I write “Stay out of stocks” readers inevitably ask, “Do you mean precious metals mining stocks, too?” No, I don’t. 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.

Expect a Quick Fail and Rally

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tdp2664 InvestorPlace Serge Berger is the head trader and investment strategist for The Steady Trader . Sign up for his free weekly newsletter . It wasn't a pretty start to the fourth quarter yesterday as stocks again tumbled. Small caps, transports, financials and energy led the way lower. The Russell 2000 closed down 5.38% on the day, leaving behind a solid break of its recent support zone at 640. The index is now nearing a support area between 580 and 600 that dates back to 2010. That doesn't mean the index must reverse course there, but it does mean that the likelihood of it at least slowing down or bouncing somewhat in that area is high. The S&P 500 yesterday closed below the weakening support line I have highlighted so often in recent weeks. The close marked a new daily closing low for the year right at the crucial 1,100 level. My best guess here is that after hitting such a big level (1,100) that has found itself all over the news, a quick fail and rally is likely. It would be feasible to see a drop below 1,100 to shake out some stops only to then rally back above 1,100 for a little consolidation before at some point failing lower again. Before we can stage a more meaningful rally 1,040 still looks like a good target, but given the current volatility it is a better target area rather than an absolute level to focus on.

Basic Materials Sector Review: Winning and Losing Stocks

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gol2664 Negocioenlinea Basic Materials Sector Review: Winning and Losing Stocks Wall St. Cheat Sheet – 53 minutes ago By Dave Friedman Hadera Paper Ltd. (AMEX:AIP): The shares closed at $42.70, up $2.59, or 6.46%, on the day. Its market capitalization is $275.42 million. About the company: Hadera Paper Ltd …

Don’t Bet on Support Holding

Serge Berger is the head trader and investment strategist for The Steady Trader
. Sign up for his free weekly newsletter . It ended up being a September to
remember. The S&P 500 fell 7.2% for the month and is down 14% since June, and
the Nasdaq lost 6.4% for the month. For both indices the quarter was the worst
since the quarter ended December 2008.