The Silver Price Finished the Day up 62 cents, and the Gold Price up a Whopping $33.10

Gold Price Close Today : $913.10
Gold Price Close Yesterday: $880.00
Change: $33.10 or 3.8%

Silver Price Close Today : $17.12
Silver Price Close Yesterday: $16.499
Change: 62 cents or 3.8%

US Dollar Index Today: 72.49
US Dollar Index Yesterday: 72.91
Change: -0.41 or -0.6%

In yesterday's aftermarket the SILVER PRICE had already risen 20 cents and GOLD PRICE six or seven bucks. This morning they exploded. The silver price finished the day up 62 cents, and the gold price up a whopping $33.10. However, let us not be coy. Thrilling as this show is, it meaneth naught unless gold can close through the last high at US$928 and silver can best $18.24. True, on the charts both broke out to the upside today past the dropping trendlines, but the old lows must be beaten to confirm.

What I like least is that gold/silver ratio behaving so strangely. Gold is definitely leading this move, but silver is -- literally -- moving in lock step. What is driving gold? How much fear is stirring out there? In whom? What are they afraid of? There's something bad we don't know about yet, a new crisis or vast extension of the old one.

I can only hope y'all have been paying attention these last few years, and have protected yourselves by buying silver & gold. It's not too late yet.

I reckon the question mark has left the stock market as of today. The Dow has sunk lower than its January 08 low, that is, to a new low for the move since it peaked last October. In dollar terms the Dow sank 3.03%, but that examples how we are lied to. In GOLD terms, the Dow in Gold dollars sank 6.5% today, and in silver the Dow in Silver Ounces sank 6.55%. Don't reckon you'll hear that on CBS, MSNBC, Fox, or National Proletarian Radio's Marketplace.

Dow target (assuming this is not simply the last washout of weakness before a rally) is 10,700. If that can't hold, then 9,750.

Back on 17 March, the DiG
The US DOLLAR INDEX has fallen to its bottom Bollinger Band. It must turn up here or die. Man, that Burpin' Ben Bernanke knows how to run a central bank, don't he?

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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