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Today gold closed up $16.70 at $953.90 and silver closed up .30 at $14.55. So far this week gold is up $23.00 and silver is up .60.
Today gold closed up $12.20 at $937.20 and silver closed up .10 at $14.25. So far this week gold is up 7.00 and silver is up .30. For the three days the gold/silver ratio is 23.33 and overall is 65.77.
Today gold closed up $7.60 at $$925.00 and silver closed up .39 at $14.15. For the two days gold is down $4.90 and silver is up .20. The current gold/silver ratio is 65.37.
Today gold closed down $13.50 at $917.40 and silver closed down .19 at $13.76.
Today gold closed up $5.20 at $930.90 and silver closed down .10 at $13.95. For the week gold is up $14.70 and silver is down .04. The gold/silver ratio is 70.26.
Today gold closed down .40 at $925.70 and silver closed up .09 at $14.05. So far this week gold is up $9.50 and silver is up .06.
Today gold closed up $3.20 at $926.10 and silver closed down .26 at $13.96. So far this week gold is up $9.90 and silver is down .03.
Kevin, A while back I mentioned that the $14.00 mark seemed to be the breaking point with the silver paper players.
Silver was up nearly 40 cents in the far and mid east but got pounded by London and then the US where the bullion banks control the price of silver. London closed at up .01 and the US took over to drop the price another .13 to as low as $13.88.
Everything that took place today pointed to an increase in the silver price and that in my opinion is why gold is up while silver has been hit quite hard.
Today gold closed up $9.60 at $922.90 and silver closed up .28 at $14.22. So far this week gold is up $6.40 and silver is up .23.
On 4-24-09 the euro was 1.3262 and the Canadian dollar was .8270 against the US dollar. Currently, the euro is 1.3686 and the CAD is .8650 against the US dollar. In 18 days the euro has gained over 4 cents and the CAD gained nearly 4 cents against the US dollar.
Kevin, I got home late last night and have a chemo treatment early this morning. Will talk to you later.
Today gold closed down $2.90 at $913.30 and silver closed down .05 at $13.94.
Good morning Kevin. I am still in New Zealand. I return tomorrow. It is now 8:43 Sunday morning the 10th. I will land in LA about five hours before I leave Auckland due to the crossing of the international date line.
In one week the gold/silver ratio has closed by about 5.5 which is great for the precious metal players that have been playing the silver side of the equasion. This type of close cannot continue at this pace but is a very good indication of the way the silver price increases at a faster pace than gold in a PM bull market.
Today gold closed up $6.20 at $916.20 and silver closed up .20 at $13.99. For the week gold is up $30.40 and silver is up $1.49. The gold/silver ratio for the week is 20.40 and the overall gold/silver ratio is 65.49.
Today gold closed down $1.00 at $910.00 and silver closed up .06 at $13.79. At one point silver was up .45 at $14.18. So far this week gold is up $24.20 and silver is up $1.29. The current gold/silver ratio is 65.98.
Today gold closed up $15.10 at $911.00 and silver closed up .41 at $13.73. So far this week gold is up $25.20 and silver is up $1.23. The current gold/silver ratio is 66.35. The gold/silver ratio for the 1st three days of this week is 20.49.
Today gold closed down $7.30 at $895.90 and silver closed up .29 at $13.32. For the two days gold is up $10.10 and silver is up .82. The current gold/silver ratio is 67.24.
Today gold closed up $17.40 at $903.20 and silver closed up .53 at $13.03. The gold/silver ratio is currently 69.3.
Good morning from New Zealand. Today gold closed down .40 at $885.80 and silver closed up .13 at $12.50. For the week gold is down $27.20 and silver is down .39. The gold/silver ratio for the week was 69.7 and overall 70.9.
Hi Kevin:
Actually, my health is getting a little worse due to a diverticulitis problem but wanted to get in a couple of vacations before we decide what to do about it.
Good morning Kevin:
I believe that silver will be about a dollar higher by the end of May before the vacations start taking the precious metals down. It is so hard to tell because there are so many conditions that can change that will make precious metals do exactly opposite of what is expected. That is one of the reasons I am not a day trader.
Speaking of vacations, I will be leaving on Monday morning for two weeks in New Zealand. But I will have access to a couple of computers and may find time to check in from time to time.
Everyone do some great trading while I am gone. Good luck to all.
Jerry
Today gold closed up $9.20 at $913.00 and silver closed up .07 at $12.89. For the week gold is up $44.30 and silver is up $1.00. The gold/silver ratio for the week is 44.3 and the over all ratio is 70.83.
Today gold closed up $13.10 at $903.80 and silver closed up .50 at $12.82. So far this week gold is up $35.10 and silver is up .93.
Today gold closed up $7.40 at $890.70 and silver closed up .26 at $12.32. So far this week gold is up $22.00 and silver is up .43. The gold/silver ratio for the week is 51.16 and the overall ratio is 72.3.
Today gold closed down $1.50 at $883.30 and silver closed down .04 at $12.06. For the two days gold is up $14.60 and silver is up .17.
Today gold closed up $16.10 at $884.80 and silver closed up .21 at $12.10.
Today gold closed down $5.60 at $868.70 and silver closed down .33 at $11.89.For the week gold is down $11.00 and silver is down .44. The gold silver is 73.06.
Today gold closed down $16.30 at $874.30 and silver closed down .54 at $12.22. So far this week gold is down $4.90 and silver is down .11.
Today gold closed up $1.30 at $890.60 and silver closed up .03 at $12.76. So far this week gold is up $11.40 and silver is up .43.
Today gold closed down $3.30 at $889.30 and silver closed down .01 at $12.73. For the two days gold is up $10.10 and silver is up .40.
Today gold closed up $13.40 at $892.60 and silver closed up .41 at $12.74. This is very unusual for a Monday. Some of the investment counselors blame it on General Motors and the banks. I also noticed that the US dollar weakened against the euro by nearly two cents.
Today gold closed down .80 at $879.20 and silver closed up .07 at $12.33. For the week gold is down $14.60 and silver is down .42. The gold/silver ratio is currently 71.31.
Today gold closed down .80 at $879.20 and silver closed up .07 at $12.33. So far this week gold is down $13.80 and silver is down .42.
Today gold closed down $1.10 at $880.00 and silver closed up .04 at $12.26. So far this week gold is down $13.80 and silver is down .49.
Today gold closed up $12.40 at $881.10 and silver closed up .11 at $12.22. So far this week gold is down $12.70 and silver is down .53.
Today gold closed down $25.10 at $868.70 and silver closed down .64 at $12.11.
Kevin, you are right. Every year that I can remember there has been a rally in gold and silver during the last quarter of the year. It appears that the best time to get in is around the middle of September. I believe that you have given some excellent short term advice.
It looks like the bullion banks are making moves to help the paper players out of their short positions. Until that takes place it will be very hard to call the movement in the precious metals.
I am a bad one to ask about short term investments. I believe that silver will be much better than gold in the long term due to the shortage and the depleting of silver stock piles. One example that I have used in the past is the stockpile of over two-billion ounces of silver that was held by the US.
The US is out of silver and has had to buy silver for the past three years to satisfy the silver eagle requirements that they mint every November. The same thing has happened to other stockpiles that now no longer exist. The best that I can find for the waiting time for delivery of any decent sized silver order is from three to six months if they are lucky.
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