The Gold Price Rose $3.30 to close at $1,650 Must Break out Upside Through $1,670

Gold Price Close Today : 1650.00 Change : 3.30 or 0.20% Silver Price Close
Today : 3219.90 Change : 39.4 cents or 1.24% Gold Silver Ratio Today : 51.244
Change : -0.531 or -1.03% Silver Gold Ratio Today : 0.01951 Change : 0.000200 or
1.04% Platinum Price Close Today : 1638.70 Change : -14.30 or -0.87% Palladium
Price Close Today : 684.80 Change : -8.25 or -1.19% S&P 500 : 1,402.90 Change :
-2.62 or -0.19% Dow In GOLD$ : $164.43 Change : $ (0.88) or -0.54% Dow in GOLD
oz : 7.954 Change : -0.043 or -0.54% Dow in SILVER oz : 407.61 Change : -6.48 or
-1.57% Dow Industrial : 13,124.62 Change : -45.57 or -0.35% US Dollar Index :
79.62 Change : 0.260 or 0.33% Nothing fruitful took place for the silver and
GOLD PRICE today. True, they rose a little, but not enough to alter the
downtrend. The GOLD PRICE rose 3.30 to $1,650 and silver rose 39.4c to 3219.9c.
The GOLD/SILVER RATIO gives us a feeling of where we are and where we are
headed. It keeps see-sawing upwards. Oh, it fell today from 51.775 to 51.244,
but three days ago its was at 50.626. The GOLD PRICE reached a little higher
today at 1661.65 than yesterday's high at $1,657.80. Low came a little higher,
too, at $1,647.08 against $1,641.90. Never mind, it's still range-bound trading.
Must break out upside through $1,670, or down at at $1,640. Till then,
range-bound trading is just noise. Meanwhile, gold remains below its 50 DMA
($1,705.43), 150 DMA ($1,711.55), and 200 DMA ($1,681.82). Can't argue that
momentum points down. On the longer term SILVER PRICE chart in the last six days
silver has established a double bottom at 3162c - 3175c. To argue that will
hold, I would point to the pattern of the correction since the February high,
which has a down A-B-C completed look to it. But in spite of that, SILVER
remains rangebound. Either it falls through 3180c to drop lower, or it rises
above 3240c for higher prices. Meantime, we're just watching. Abide patiently.
Higher prices are coming once this correction ends. My dear wife Susan was
feeling pretty punk last night, but this morning she was dancing around and
laughing like a little girl. With the lens replaced in only one eye due to a
cataract, she can see! She has worn glasses since she was 8, and she's tickled
pink. Thanks for your prayers. For two days the dollar index has been vibrating
up to down in a flat range from 79.80. Gained 26 basis points today and is now
at 79.619. One has the feeling all interest in this market has died. Odd, since
the United States seems bent on provoking Iran and through it another world war.
Euro looked a little flakey today, second day it has shown itself not equal to
crossing above its 20 day moving average. Closed at $1.3211, down 0.11%, but
really just dead in the water. The yen today posted the first leg of a key
reversal by breaking into new low territory but closing higher than yesterday. A
close above today's 119.97c (Y83.35/US$1) tomorrow will complete that key
reversal and turn the yen firmly up. Stocks today rounded and fell further from
that top they've been drawing. SAP fell 2.62 (0.19%) to 1,402.90 while the Dow
fell 45.57 (0.36%) to close at 13,124.62. Y'all don't get too disappointed when
it falls, because it will be only the first in a very long series of
disappointments Wait! I'd better stop saying such things. I am liable to get a
visit from the Nice Government Men in the NOTSUA -- National Office to Suppress
Un-American Activities. 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.

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

Todays DJIA, Nasdaq, S&P 500 Stock Market Investing News Trends Today: The
DJIA, as well as the Nasdaq and the S&P 500 stock market indices, finished the
second trading session this week in the red across the board. Investors are
interested to observe and analyze this weeks worth of housing sector data. What
posted yesterday was generally better than expected. The number of housing
permits in February climbed higher by just over 5 percent. Although this was
better than expected, investors worried about the weak stock market trends
overseas and the side bar discussions pertaining to an economic growth slowdown
in China. This news pressured stock index trends in the U.S. last session which
ultimately pushed them below break-even for the day. This morning, prior to
opening bell, futures for the Dow Jones Industrial Average, as well as the
Nasdaq and the S&P 500 were posting green. Stocks positioned for the higher open
today and the housing market remained in focus. Data was came in mixed today.
The housing sector data was weaker than expected. Existing home sales data
posting for February was lower than anticipated. According to the National
Association of Realtors, existing home sales dropped in February by over 5
percent to post at 4.59 million. Many were hoping to observe a stream of
positive housing sector data this week which for many would have been a sign
that the sector is stepping towards sustained recovery. This data was definitely
a set-back. Adding to the pressure felt by Americans today was the posted rise
in gas per gallon price. AAA motorist group stated that the average price
notched higher to $3.86 cents today. Stock market trends wavered today as a
result of the mixed economic data. DJIA, Nasdaq, S&P 500 Market Trends
Approaching Close: The Dow posted red by .28 percent at 13,133.03. The S&P 500
was red as well by .19 percent at 1,402.89. The Nasdaq was green by .04 percent
at 3,075.32 as close finalized today. Frank Matto

Michael Fowler Says The Gold Sector Is On Sale (GLD, GDX, GDXJ, AEM, KGC, ABX ...

Michael Fowler Says The Gold Sector Is On Sale (GLD, GDX, GDXJ, AEM, KGC, ABX
... ETF Daily News - 6 minutes ago Brian Sylvester: Michael Fowler, senior
mining analyst with Loewen, Ondaatje, McCutcheon sees small- and mid-cap junior
producers and developers as the "sweet spot" in the gold equities space, and
provides a basket of names to consider in each space.

BASE METALS HIGHLIGHTS: Top Stories Of The Day

BASE METALS HIGHLIGHTS: Top Stories Of The Day NASDAQ - 1 hour ago LIMA -(Dow
Jones)- Informal mining operations in the Madre de Dios region in southern Peru
will be eradicated within a 12-month period, Prime Minister Oscar Valdes said.

Jim Rogers: “2012 Won’t Look so Bad,” But U.S. Recession by 2014

Legendary investor Jim Rogers predicted more challenging times ahead for the
U.S. economy, although he does not seem them occurring this year. In a recent
interview with Opalesque Radio , Rogers discussed his latest outlook for the
financial markets and economy. The overall situation is getting much worse
because the debt is going through the roof for all of us, he contended. You
should be worried about 2013, 2014 but overall 2012 wont look so bad. Rogers
also noted that Profitability for American companies is at an all time high if
you measure return on equity. Some people anticipate that profits cannot get
much better but even if they do they cant last much longer. With regard to where
hes investing currently, Rogers stated that I personally invest in real assets.
If the economy improves Ill make money because the demand for those assets will
increase. On the other side, when governments get in trouble they print more
money and when they do that you can protect yourself by owning real assets.
Although he did not discuss gold specifically, Rogers comments indicated that he
remains bullish on the yellow metal.

Amazon.com Buying Robot Company In $775m Deal

Amazon.com (NASDAQ:AMZN) has agreed to buy Kiva Systems for $775 million.
Amazon.com Buying Robot Company In $775m Deal The online giant Amazon.com
(NASDAQ:AMZN) has acquired robot maker Kiva Systems for $775 million, in its
second biggest takeover deal. The company will use robots developed by Kiva to
use in its fulfillment centers to pick items

Precious Metals Shares Stagnant, XAU Pares Gains

Gold and silver shares were unable to gain any traction on Wednesday despite
modest gains in precious metals. The Philadelphia Gold & Silver Index (XAU)
initially climbed 1.1% to 179.73, but gave back the large majority of its gains
in mid-day trading.