• Silver and Gold Prices Closed Higher — Both Jumping Two Resistance Levels


    Gold Price Close Today : 1342.50
    Change : 26.80 or 2.04%

    Silver Price Close Today : 22.754
    Change : 0.521 or 2.34%

    Gold Silver Ratio Today : 59.001
    Change : -0.177 or -0.30%

    Silver Gold Ratio Today : 0.01695
    Change : 0.000051 or 0.30%

    Platinum Price Close Today : 1447.10
    Change : -18.10 or -1.24%

    Palladium Price Close Today : 752.60
    Change : -2.05 or -0.27%

    S&P 500 : 1,754.67
    Change : 10.01 or 0.57%

    Dow In GOLD$ : $238.17
    Change : $ -3.67 or -1.52%

    Dow in GOLD oz : 11.522
    Change : -0.177 or -1.52%

    Dow in SILVER oz : 679.78
    Change : -12.54 or -1.81%

    Dow Industrial : 15,467.66
    Change : 75.46 or 0.49%

    US Dollar Index : 79.634
    Change : -0.051 or -0.06%

    Franklin writes from the road: Astounding moves in silver and GOLD PRICES today – gold up $26.80 to $1,342.50 and silver jumped 52.1 cents to 2275.4c.

    Miss not what this signifieth. Both jumped TWO levels of resistance.

    The SILVER PRICE jumped the last high at 2252c plus the 50 DMA at 2243c.

    Gold cleared all those snares from $1,315 to $1,325 then o’erleapt $1,332 and ran to 50 DMA at $1,342.89.

    Silver is leading: GOLD/SILVER RATIO hit 59 flat. It is very strong when silver leads.

    Start buying. These are the confirmations I was looking for.

    Next gold must hurdle $1,376 and silver 2300c, but for now it appears that will come shortly.

    The US Dollar Index is puking sick and broke 79.6. The buzzards will take it if it breaches 79. Be wary of a turnaround there.

    Silver and gold prices are strong as a garlic milkshake Carpe Diem!

    Argentum et aurum comparenda sunt — — Gold and silver must be bought.

    – Franklin Sanders, The Moneychanger

    © 2013, 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 or 18 ounces of silver. or 18 ounces of silver. US $ and 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.

    Be Sociable, Share!

    Write a comment