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Gold
Price Close Today : 944.80
Gold Price Close Yesterday: 942.50
Change: 2.30 or 0.2%
Silver Price Close Today : 18.337
Silver Price Close Yesterday: 18.20
Change: 13.7 cents or 0.8%
US
Dollar Index Today: 72.06
US Dollar Index Yesterday:72.37
Change: -0.31 or -0.4%
STOCKS melted today, but the Dow stopped short of breaking through 11,200. S&P
500 fell 23.30, roughly equal to 233 on the Dow, which fell only 165.29. Dow
probably will fall to 10,750. Along the way, Wall Street and its pimps will
keep soothing you with words, assuring you this is a great time to buy. Like
Ulysses and the Sirens, stop the ears of your crew and tie yourself to the
mast before you listen to that song. It will leave you on the rocks. Swap
stocks for silver and gold, while you still have time.
I really don't need to write anything about the US DOLLAR INDEX any longer,
just copy the boilerplate from the day before: "Dollar dropped again today."This day's fall was 31 basis points, leaving
the dollar hanging by its fingernails above 72 at 72.06. Friends, perhaps
y'all don't realize the seriousness of the dollar's position. It has fallen
from 120 in
2001 to about 72 today. Next target is 60, and that will complete a 50% drop
in the dollar.
AND HEAR THIS: this isn't bad luck or hard markets or leaky vaults, this is
the resolute and determined purpose of the Federal Reserve bank and its
lackey, the US
government. Right, surprise: they are stealing from you on purpose. They will
continue to steal from you as long as you keep your assets in phoney-baloney US dollars. Forget
the buck, shift to silver and gold as your primary currency.
The GOLD PRICE was only stymied by $946 today. As I suspected
yesterday, exhilarating gold dragged the SILVER PRICE up to a new high
close today, $18.337, enough to best the old $18.24 high. Now silver and gold
prices have confirmed a breakout out of correction and into a new rally. The
market is handing you an opportunity on a -- gulp! -- silver
platter.
Gold can hit $1,300 by year end, silver who knows? In the last few days the
GOLD/SILVER RATIO has dropped to 51.52. This leg down for the ratio will be
astounding, stunning, and blitzschnell -- lightning
fast.
ONE MORE THOUGHT on stocks against metals. The Dow In Gold Dollars (DiG$) fell today to G$245.42 (11.872 oz), lower than
its 17 March low at G$247.14 (11.956 oz). I have charted the DiG$ since 1996, thanks to my friend Richard Ford
suggesting it. It's the best single indicator I have ever followed. Now,
after 12 years, the DiG$ has sunk lower than its
level when I began watching it in 1996. There's really no floor under it now.
The Dow in Silver Today fell to 611 oz, a bit higher than its 14 March 2008
low at 580.85 oz,
but headed down. Against both silver and gold, stocks have given up about 75%
of their peak values (1999 & 2001). Ultimate bear market target is the
Dow at two ounces of gold or less and silver at 32 oz or less.
Y'all overwhelm me.
Many of you have written to assure me that you are praying
for my granddaughter Caroline's heart surgery. I deeply appreciate
it. Today she had a slight fever from teething, but they plan
on operating tomorrow anyway.
Your response to my offer of Confederate general silver rounds
overwhelmed me, too. Y'all ordered about three times as many
as I had, so I had to buy more. There were too many e-mail orders
for us to type up and e-mail back to you today, but if you sent
an e-mail before noon today, we got it and have entered your
order. We'll send the trade confirmations tonight or tomorrow.
Silver rose 13.7 cents today, then more in the aftermarket, but
we'll still honour those prices in yesterday's newsletter for
the orders we are writing today.
Thanks very much. I'm sure y'all will be delighted when
you see them.
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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