Price Gold Per Ounce, Silver Per Ounce; Spot gold per gram spot silver per ounce; Dow Jones Average DJIA Index DJX DJI News

Gold and silver prices received additional attention due to a negative trading
session in the U.S. As the stock indices in the U.S. moved lower, price per
ounce rates for contract gold and silver moved higher. Safe haven interest for
precious metals gold and silver increased on a day when economic reports were
mixed and stock indices ultimately dropped lower overall. It was an up and down
trading session in the U.S., but the negatively skewed posts eventually applied
more negative weight then investors could bear. The Dow Jones Industrial
Average, as well as the Nasdaq and the S&P 500, closed out the last session red.
Specifically, the Dow Jones Industrial Average closed out red by 1.04 percent at
11,295.81. Initial jobless claims posted higher than many anticipated. This post
added to the general worry investors maintain regarding the economic progress in
the U.S. As a result, investors positioned more with safe havens. Gold contract
for December delivery finished the last session higher by 2.20 percent at
1857.50 per troy ounce and contract silver for December delivery moved higher by
2.16 percent at 42.53 per troy ounce. After last session close, but prior to
todays session open, spot gold and spot silver pushed further into the green.
Spot gold per gram was higher by 1.41 at 59.73 and spot silver per ounce was
higher by .67 at 42.24. Camillo Zucari

Gold & silver bounced back | oil prices slipped – September 8

Gold and silver prices bounced back yesterday and erased most of loses they have
had at the beginning of the week.

Gold Miners ETF Should Continue to Shine

Market Vectors Gold Miners ETF (AMEX: GDX ) This exchange-traded fund (ETF)
seeks to replicate the price-and-yield performance of the AMEX Gold Miners
Index. The fund generally normally invests at least 80% of its total assets in
the common stocks of companies involved the gold mining industry. Gold has been
a strong performer for almost all of 2011, but gold mining stocks have made slow
progress. Now, however, GDX has broken from a triple-top as a result of the
miners cashing in on the high price of the metal and their ability to dig for
gold that was previously not economically feasible.

Perfect Stocks: High Cash No Debt High Yield Stocks

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dow2664 What would make a perfect stock? One feature that I look for is a stock that is debt free. It is difficult for a company to go out of business when it has no debt. Then I also prefer stocks that pay dividends. Dividends provide stability to the stocks and accelerate the return of capital. The other criteria I like to see is lots of cash. The more cash per share a company has compared to its stock price, the better. Cash is a great cushion during downturns. WallStreetNewsNetwork.com just updated its free list of High Cash No Debt High Yield Stocks , and includes more than 20 companies, showing the stock symbol, market cap, forward price-to-earnings ratio, cash per share, yield, and cash per share as a percentage of stock price. An example is Cato Corp. (CATO), which is a North Carolina based specialty retailer of fashion apparel and accessories in the southeastern US. This debt free company has $9 in cash per share representing about 36% of the recent price per share. On top of that, the current yield is 3.8% after the company increased the dividend rate by 16.5%. Earnings for the latest quarter were up 13% on a slight increase in revenues. Garmin Ltd. (GRMN) is a $5.85 billion market cap debt free company that makes global positioning systems, also known as GPS products. The stock sports a 5% yield after doubling its payout rate over last year. It trades at 15.4 times forward earnings. It has a decent cushion of $7.63 in cash per share. Superior Industries International, Inc. (SUP), a manufacturer of aluminum road wheels, pays a yield of 4% and carries a forward price to earnings ratio of 10.8. The stock has a substantial $5.51 in cash per share and has no debt. Weis Markets (WMK), a retail supermarket chain, which is another debt free company, has $5.17 in cash per share, a PE ratio of 15, and a yield of 3.1%. To see the entire list of High Cash No Debt High Yield Stocks , which you can sort, change, and update, go to WallStreetNewsNetwork.com. Disclosure: Author does not own any of the above. By Stockerblog.com

The REALITY of the American Jobs Act – 7 Key Obama Issues

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tdp2664 InvestorPlace President Barack Obama spoke before a joint session of Congress on Thursday night to unveil his American Jobs Act. The headline facts: It's a $447 billion effort that focuses on job creation and tax cuts, and will be 100% paid for by yet-to-be-named reductions in spending. Of course, the devil is in the detail. So here's my analysis of the key points – and my effort to separate fact from fiction, and realistic expectations from political posturing. Payroll Tax Cuts: Likely to happen, minimal impact. President Barack Obama pitched a redoubled payroll tax cut that would focus on both workers and businesses alike. The current payroll-tax reduction is set to expire in December, and had reduced Social Security taxes from 6.2% to 4.2%. Obama wants the cut not just sustained, but to go deeper in 2012 – pushing the rate down to 3.1%. Employers who were paying the full 6.2% rate would also get a cut this time around, too. House Republican leader Eric Cantor was repotrtedly won over by cuts for businesses, so the GOP can get behind this part of the bill. Of course passage and impact are two different questions. The previous payroll cut hasn't exactly caused an economic boom, so it's unlikely that these tax reductions alone can move the needle or spur hiring. Consider that workers making $50,000 a year would see their take-home pay boosted by $1,550. A small comfort, but not much. Road and School Construction: A tough sell, but would have decent impact . Obama went out of his way to avoid the term "stimulus." That's because government spending has fallen out of favor as an economic remedy since Obama proposed his $787 billion American Reinvestment and Recovery Act right after taking office in 2009. However, when the non-partisan Congressional Budget Office broke down the true impact of that initial stimulus, the direct spending by federal and local governments had the biggest "multiplier" effect and got a significant return on investment – and bolstered GDP by the biggest amount. Tax cuts for the wealthy, for corporations and first-time homebuyers had the smallest impact – so indeed there was waste in the initial stimulus. But infrastructure projects would create real jobs if Congress can come up with the money. That's a very hard sell these days. (Read more in my column, "7 ugly truths of the 2009 Obama stimulus plan") National infrastructure bank: Never going to happen. The far left of the Democratic party urged Obama not to deliver a jobs bill that was designed just to win GOP approval. In a nod to his most liberal supporters who want an FDR-like Works Progress Administration effort, Obama floated the idea of an infrastructure bank to ensure transportation projects and school construction and a host of other projects can really ramp up beyond an initial push via stimulus. But House Majority Leader Eric Cantor derided a proposal as just a chance for bureaucrats running amok and a "Fannie and Freddie for roads and bridges." In short, the GOP will go to the mat on this one. Consider it dead in the water – any possible impact is academic. Unemployment benefit extensions: Maybe will pass, minimal impact. Republicans have been none-too-pleased with the idea of extending unemployment benefits. That's because the current cap is 99 weeks – almost two years – which is hard to justify in an era when austerity is in focus and such long-term relief seems like a handout. Democrats argue a stop on those unemployment checks would slice a huge amount of money out of the economy that was guaranteed to be spent on consumer staples, and most experts agree that this baseline demand is crucial to at least keeping the economy stable. Obama has tread the middle ground by packaging the extension with an initiative modeled after the GOP brainchild Georgia Works – a program lets businesses try out new workers without having to pay them. Long-term unemployed will get benefits extended by Uncle Sam if they join up in such a program, essentially meaning they get paid by the government and not their "employer." The bridge to work plan could make jobless benefit extensions palatable for Republicans, giving this a shot at passing. Of course, this is simply maintaining the status quo by keeping the lights on the fridge stocked. It's hardly a true job creation initiative and will have little impact on growth. Mortgage refinancing: Long shot, questionable impact. As I mentioned with the infrastructure proposals, the biggest waste in the

Gold and Silver Prices Today Proved that You’d Better Not Turn Your Back on Them or Short Them

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DG365FD46564GFH654FU898 Gold Price Close Today : 1854.40 Change : 40.20 or 2.2% Silver Price Close Today : 42.479 Change : 0.907 or 2.2% Gold Silver Ratio Today : 43.65 Change : 0.015 or 0.0% Silver Gold Ratio Today : 0.02291 Change : -0.000008 or 0.0% Platinum Price Close Today : 1861.70 Change : 39.90 or 2.2% Palladium Price Close Today : 757.20 Change : 3.75 or 0.5% S&P 500 : 1,186.25 Change : -12.37 or -1.0% Dow In GOLD$ : $126.10 Change : $ (3.96) or -3.0% Dow in GOLD oz : 6.100 Change : -0.191 or -3.0% Dow in SILVER oz : 266.29 Change : -8.29 or -3.0% Dow Industrial : 11,311.82 Change : -103.04 or -0.9% US Dollar Index : 76.24 Change : 0.775 or 1.0% This will be my last commentary until I return from vacation on 19 September. I’ll miss y’all. goldprice.org will publish daily closing prices during Franklin’s vacation. GOLD and SILVER PRICES today proved that you’d better not turn your back on them or short them. Confirms my suspicion hinted at yesterday that this will NOT prove a deep or long correction. SILVER and GOLD PRICES will begin rallying again, soon. Euro finally tanked today, now at 1.3892, down 1.15%. On its way to 1.2000. Whole continent coming apart, especially Greece. May manage to cobble it together, but the eurocrats aren’t working toward it speedily. US DOLLAR INDEX is breaking through top of resistance at 72, now 72.242, up 77.5 basis points or 1%. Rally has begun, but be not fooled, be not gulled, be not seduced. Huge head and shoulders $ index target points to 39 [sic]. It may tarry, but it will come. Stocks have sunk here at 2:55 to 11,311.82, down 103.04. S&P 500 down 12.37, at 1,186.25. Stocks — the key to prosperity (a couple of decades from now). The GOLD PRICE rose $40.20 to close Comex at $1,854.40, then has risen another $14 in the aftermarket to $1,868.50. Plainly gold does not want to tarry below $1,820. Watch that level, and $1,800, but looks like it will move sideways a day or two, await the O’Bama’s bloviating, then rally again. Close above $1,920 will carry it to $2,100. The SILVER PRICE rose 90.7c, as the gold/silver ratio and silver’s barely lower close yesterday hinted to us. Closed Comex at 4247.9c, with a 4262 high. Again, no great correction will happen here before silver rallies once again. Must hold 4050c to make that come true. Grasp this, remember this, never forget this: SILVER and GOLD PRICES are in a bull market, stocks and the dollar in a bear market. Silver and gold tomorrow will be worth more than silver and gold today; stocks and dollars tomorrow will be worth LESS than stocks and dollars today. Align your assets accordingly, or suffer with the deceived masses waiting for Washington to save them. 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. 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 outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures.

Todays Dow Jones Index: DJX DJIA, Nasdaq, S&P 500 Stock Market Investing News Close; Gold Price Per Ounce Rise Today

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dow2664 It appeared, prior to opening bell this morning, that the DJIA and other primary indices in the U.S. would continue to trend in positive territory for a second straight day. Investor optimism is wavering and the trends were up and down today however. Economic posts have been mixed. Global reports regarding the ongoing debt crisis in Greece still plagues investors and U.S. news today posted weaker than expected. The first time claims data via the Labor Department was worse than expected. According to the Labor Department, the number of people applying for unemployment benefits moved higher by 2,000 to 414,000 last week. Economists expected that claims would drop and so the news of the rise was not well received. In addition, Federal Reserve Chairman Ben Bernanke spoke today but did not affirm any beliefs that the Feds would quickly move to stimulate the economy. The primary stock indices continued to drop lower as close approached. The Dow Jones Industrial Average was negative by .61 percent at 11,345. The Nasdaq was lower by .43 percent at 2,538 and the S&P 500 was red by .69 percent at 1,190. The dollar gained today versus the euro and gold futures were on the rise. Gold contract was higher by 2.20 percent at 1857.50 per troy ounce as close finalized in the U.S. today. Frank Matto