I reckon the cleanup crews out sweeping up after fire-bombing protestors in Greece have left markets wondering whether the Greek Debt Deal is a done deal or not. Something about protestors throwing rocks & firebombs calls into question the parliament's vote. Stocks rose a little while the US dollar, euro, yen, & silver & gold twitched sideways. Dow Jones Industrial Average today rose 72.81 or 0.57% to 12,874.04. S&P rose 0.68% (9.13 points) to to 1,351.77. Spooky how stocks dropped like your car keys down a well on Friday, then did what your car keys never do, popped right back up. Well, almost to the lip of the well, but not quite. The bounce didn't reach as high as Thursday, so this could promise two different outcomes, either extending the rally, or failing & falling. Clue to which outcome will eventuate is the Dow's 20 day moving average at 12,734. That opens a deep and unforgiving mineshaft below the Dow. And there is also more discouraging news from the MACD and RSI indicators, bumping up on highs and rolling over downward. Currencies are all holding their breath, waiting to see what will happen in Greece. US dollar fell 11.5 basis points (0.15%) to 78.974, 'bout the same place it stood on Friday. Euro fell 0.03% (get out your microscope) to 1.3194, yen rose 0.04% to 128.92c/Y100 (Y77.57/US$1). Euro is trying to fall out of bed. Silver & gold are still stuck, and disagreeing today. Gold fell thirty cents [sic] to $1,723. Silver rose 12c to 3369.6c. Those numbers look promising, but the chart doesn't. Unless gold begins to climb & rises first over $1,730 it will drop. Once it drops below $1,705, then it will go whole hog to $1,680 or $1,650. On the other hand, if gold clears $1,730, it's back in the fight. RSI & MACD whisper gold is headed down, though. Silver's chart doesn't say much more than gold's, just has different boundaries. Upside silver must clear 3400c, and hasn't yet been to make that stick. Down below 3320c must hold, or silver will give up another dollar. On 13 February 1924 the tomb of Pharaoh Tutankhamen (1341 BC - 1323 BC) was opened by English archaeologists Howard Carter and George Herbert. Tutankhamen reigned in the late 18th dynasty at the peak of Egyptian imperial power. He came to power after his father or father-in-law, Akhenaten, had roiled the entire country by introducing the monotheistic worship of Aten, idolized as the sun-disk. "Introducing" also meant "suppressing" all the manifold other Egyptian cults, and making enemies out of their priesthoods, the most powerful men in the country. The most interesting facet of Akhenaten's reign was his patronage of a naturalistic approach to art far different from the stilted and formal Egyptian style that had ruled for more than 20 centuries. Many of the artifacts from Tutankhamen's tomb reflect that artistic revolution. SPECIAL OFFER Somebody asked me why, if I think gold will rise, I would sell gold coins. Simply because I make my living buying & selling gold, & if I held on to everything I bought, I'd be out of business in about two days. But why these special offers? Because they offer some special value. Maybe I've been accumulating them for a while at lower prices, & so can sell them cheaper than usual, or maybe they just backed up in my inventory & I want to clean them out. Either way, my problem is your opportunity. Today I have ONLY six US $20 gold pieces I have accumulated over time. You buy them as is. Remember, they contain only 0.9675 troy ounce fine gold. I priced them based on $1,723 spot gold, and the premium is shown with each. The Liberty $20 gold was minted before 1907. The St. Gaudens from 1907 -1934. MINIMUM PURCHASE: any Two (2) coins, plus $25 per order shipping. Any problems with the coins are fully described. I'm not selling these as collector's items, but simply as gold coins at a small premium over their gold content. I am selling them "as is." 1. One 1879-S which might be an Extremely Fine grade but isn't because it has a heavy scratch on the obverse, $1,750.00 (a 5% premium over gold value). 2. One 1885-S which might be an EF grace but isn't because somebody cleaned it & it has scratches on the reverse, $1,750.00 (a 5% premium over gold) 3. One 1892-S Extremely Fine grade, no problems, $1,760.00, at 5.6% premium over melt. 4. One 1904 About Uncirculated, no problems, $1,780.00 or a 6.8% premium over gold value 5. One 1904 that surely would have graded VF but somebody polished it & it has a little edge bruise, $1,750.00 (a 5% premium over melt) 6. One 1924 (St. Gaudens type) About Uncirculated with a small scratch on the reverse, $1,780.00 (6.8% premium). Sorry, no re-orders at these prices. Offer ends when my supply runs out. Special Conditions: First come, first served, and no re-orders at these prices. I will enter orders based on the time I receive your e-mail at . We will not take orders for less than the minimums shown above. All sales on a strict "no-nag" basis. We will ship as soon as your check clears, but we allow Two weeks (14 days) for your check to clear. Calls looking for your order two days after we receive your check will be politely and patiently rebuffed. If you want faster shipping, please send a wire. Spot gold basis for all prices above is $1,723.00. ORDERING INSTRUCTIONS: 1. You may order by e-mail only to . No phone orders, please. Your email must include your complete name, address, & phone number. We cannot ship to you without your address. Sorry, we cannot ship outside the United States or to Tennessee. Repeat, your email must include your complete name, address, and phone number. Our clairvoyant quit without warning last week and I stumbled & dropped my crystal ball, smashing it to pieces, so we can no longer read your mind. 2. Orders are on a first-come, first-served basis until supply is exhausted. 3. "First come, first-served" means that we will enter the orders in the order that we receive them by e-mail. 4. If your order is filled, we will e-mail you a confirmation. If you do not receive a confirmation, your order was not filled. 5. You will need to send payment by personal check or bank wire (either one is fine) within 48 hours. It just needs to be in the mail, not in our hands, in 48 hours. 6. We allow fourteen (14) days for personal checks to clear before we ship. If your hurry is greater than that, you can send a bank wire. Once we ship, the post office takes four to fourteen days to get the registered mail package to you. All in all, you'll see your order in about one month if you send a check.
Argentum et aurum comparanda sunt —
Silver and gold must be bought.
— Franklin Sanders, The Moneychanger
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