Daily Gold and Silver Price(Rate) As on 12-08-2009 Daily Gold Price(Rate) Close Today : 945.80 Change: -1 cents or -0.1%
Change: 0.8 or 0.1%
Daily Silver Price (Rate) Close Today : 14.338
Platinum Price(Rate) Close Today: 1241.50
Change: -10.00 or -0.8%
Palladium Price(Rate) Close Today: 275.60
Change: -2.00 or -0.7%
Daily Gold Silver Price(Rate) Ratio Today: 65.86
Change: 0.567 or 0.9%
Dow Industrial: 9,241.45
Change: -96.50 or -1.0%
US Dollar Index: 79.14
Change: -0.06 or -0.1%
The whole world, or the markets at least, are holding their breath before tomorrow's Federal Reserve Open Market Committee. Ho-hum. Whatever they do will have no more than passing effect.
US DOLLAR INDEX today remained essentially flat, down 5.6 basis points to 79.144. Nothing. I am still waiting to parse the dollar, whether it will rally further and delay Daily Gold and Silver Price(rate) or resume its fall. Stay tuned until the Holy Monetary Monks read the sheep guts and speak their oracles.
STOCKS moved more than other markets today, with the Dow dropping 96.5 to 9,241.45. Just my gut feeling, but I think this is a shallow correction indicating buying power under the market. After all, what else can people buy, other than stocks? Most don't have enough imagination, or have been too misled and brain-washed, even to consider silver or gold. But the rally is a seducer, a Siren, a trap for bulls set by the bear. Use higher stock Daily prices(rate) to sell whatever stocks you have left, and put the proceeds into silver and gold.
On Comex today Daily GOLD Price(rate) closed up a mighty, a magnificent, eighty cents at US$945.80. Whole day was slow, with a high at 949.70 and low at 942.10. It's a wonder the floor traders didn't fall asleep on their feet.
And Daily SILVER Price made big moves likewise, closing down one cent [sic] at 14.338 cents.
Tomorrow's FOMC announcement will take pressure off markets one way or the other. I know, I understand, it is repeated to me o'er and o'er that metals are in danger of falling off here, but until I see the Daily gold price(rate) drop below 920 then 909 and the silver price below 13.75, I won't be joining their opinions.
On this day in 1860 opened the first successful US silver mine near
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