Today's Trading in Both Silver and Gold has the Appearance of a V Bottom

Gold Price Close Today : 805.00
Change: -24.30

Silver Price Close Today : 13.050
Change: -56 cents


Still in the hospital with my wife, but I wanted to send y'all a few words on today's markets.

Today's trading in both silver and gold has the appearance of a V bottom. It also looks something like a key reversal, although the close might have been stronger and both metals need a higher close tomorrow to complete a key reversal. If today's trading marks the limit of a new low, then it would constitute a double bottom with the mid-August low. If this is correct then we will see closes tomorrow higher than today's. As long as gold and silver do not go lower than today's lows, we have seen the bottom. No time to lose heart, the bull is getting off his knees for another charge.


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

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.

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.phtml.

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.