|
Thursday, 19 November a.d. 2009 Over the last five days GOLD has left behind an uptrend of higher highs and higher lows. Looks like 1123.55 - 1127 was resistance, then gold broke through that & jumped to 1,144, touched back to 1,27.70 to make sure, and yesterday whacked hard on $1,150's door. Today it bounced off $1,150 & retraced to $1,130, but closed on Comex at $1,141.40 (up 70 cents) but trade higher in the aftermarket to $1,145.30. Present blockade lies at $1,150. Once gold clears that, it will jump again, another $30 - $50. Since September SILVER has made a series of gains solidified & confirmed by successful reaction tests. It leapt from 1350 cents in August to 1760 cents, successfully proved that gain in a reaction to 1580. Then came another jump to 1800, reaction and defense at 1606, followed by a leap to 1750, test of 17, & surge to 1880 yesterday. Today it backed off to 1813 cents, but closed on Comes up 4 cents at 1844.70. Right now its trading at 1857 c. Do y'all perceive a pattern? Silver must close below 1800 to threaten its uptrend. Very little resistance stands between here and the old high at 2068c. Short, shallow corrections may come at any time, but the Big Rally has by no means ended yet. Keep buying. On this day in 1632 was announced to the world the death of King Gustavus Adolphus of Sweden in the Battle of Lutzen. The 30 Years War (1618-1648) was fought mostly in Germany, between Catholics & Protestants at first. Later it devolved into everybody killing everybody else. Out of a 16 million population in Germany, only four million survived. Augsburg fell from 80,000 to 18,000 inhabitants. 30,000 villages were destroyed, and over 100 years later many areas were still depopulated. One excellent cinematic treatment of the 30 Years War is "The Last Valley" with Michael Caine. On this day in 1899 was born in Kentucky poet, critic, and biographer Allen Tate. He became one of the Nashville Agrarians in the 1920s at Vanderbilt and contributed to one of the finest books in the 20th century, and one of the most prescient, I'll Take My Stand. The November 2009 Moneychanger is ready for paid subscribers at our website.
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
NOTE: The following are wholesale, not retail, prices To figure our retail selling price, multiply "Ask" price by 1.035. To figure our retail buying price, multiply "Bid" by 0.97. Lower commissions apply to larger orders, higher commissions to very small orders.
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
The Moneychanger
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| This is not an offer to buy or sell. Prices subject to
change without notice. To enter an order, call us at (888) 218-9226 or
(931) 766-6066.Sorry, no sales to Tennessee. While we are on the telephone, I will lock in a price and give you a contract number. That contract obliges me to sell and you to buy at that locked-in price, regardless what later happens in the market. If you buy when gold stands at $300 an ounce, whether it soars to $1,000 or drops to $100, you still bought it at the price we fixed. If you sell when silver stands at $5.00, you still sold and I still bought at that price whether silver rockets to the moon or it gets so cheap they start paying people to haul it off in trucks like sand. In other words, when you make a contract with us, I am giving you my word, and you are giving me your word, that we will faithfully complete the contract. Just as when you buy stocks or bonds, we cannot change or cancel the order once entered. After you enter your order, you need to send us payment within forty-eight (48) hours by personal check, United States Post Office (only) money order, or bank wire. If you send a check (whether cashier's check, bank check, bank money order or your personal check) we will hold shipment for fourteen (14) days to allow the check to clear. Generally you will receive your order (shipped registered mail or UPS) within three to four weeks from order entry. Against bank wires we ship immediately upon receipt. |