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Gold
Price Close Today : 959.50
Gold Price Close 3rd July: 931.90
Change: 27.60 or 2.5%
Silver Price Close Today : 18.745
Silver Price Close 3rd July: 18.285
Change: 46.00 cents or 3.0%
US Dollar Index Today: 71.891
US Dollar Index Close 3rd July: 72.715
Change: -0.824 or -1.1%
If markets follow through on Monday their work begun today, then things are
coming unravelled for the financial system & the US dollar.
STOCKS had a strange day that could have been manipulation or a market ready
to rally. Dow made a new low at 10977.68, then about 2:45 (?) "somebody" started buying and it closed the day down
only 128.48 points (at 11,100.54) rather than down 250 points. I reckon
that's some kind of success. Forget all my pointless talk
about a shallow rally, stocks are getting ready to be flushed down the
pipes. Get OUT of stocks.
DOW IN GOLD DOLLARS broke to a new low since the 8/1999 high, G$239.15 (11.569 oz)
US DOLLAR INDEX closed barely above 72 after dipping below that level. Now in
the aftermarket (6:00 p.m. CDT) it's trading at 71.89. A lower opening on
Monday sends the dollar down to 60, or even 55. Get OUT of dollar paying
investment -- CDs, annuities, bank deposits, life insurance, & hedge your
pension some way with silver & gold.
SILVER and GOLD PRICES ended my suspense today by closing much higher,
and through resistance at $945 & $18.25 - $18.35. The gold price closed
up $18.60 at $959.50 and the silver price up 50 cents at $18.745 cents. That's
it, we're off to the races. This move in gold and
silver will leave you disbelieving & gasping. You will underestimate it
at every turn.
There are times when a market is "high" that you don't want to buy
it. At other times when a market is high, you DO want to buy because it is
going HIGHER. Silver and gold just broke out after a long correction: buy the
breakout.
Franklin Sanders
www.the-moneychanger.com
Reprinted
with permission from The Moneychanger. Franklin Sanders
lives on a farm in Middle Tennessee by choice, deals in physical gold &
silver, and has been writing and publishing The Moneychanger for nearly 26
years. In 1993 he wrote Silver Bonanza for Jim Blanchard. Last year he
published "Why Silver Will Outperform Gold 400% and & The
Professional Trading Secrets That Will Make the Most of Your Silver &
Gold Investments," still available at www.the-moneychanger.com/order/publications.html.
You can sign up for Mr. Sanders' free daily e-mail
commentary on gold & silver at www.the-moneychanger.com, and download your free portfolio calculator to
keep up with your gold and silver investments.
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