The day before a holiday is never too exciting in any market, nor can you be sure that any movement on that day really means much. Stocks were laboring in heavy mud early today, but pulled out about half way through the day to rise a face-saving amount. Dow added 56.14 (0.38%) to 14,988.55. S&P500 gained 1.33 (0.8%) to 1,615.41. Since silver & gold advanced today, the Dow in Silver & Dow in Gold fell. Dow in silver fell 1.46% or 11.26 oz to 760.84 oz. Dow in gold fell 0.05 oz (0.43%) to 11.97 oz. In gold's case that closes the Dow in Gold below the rising bottom channel line. US dollar index Fell 29.6 basis points (0.38%) for no clear reason. That becomes less clear in view of turmoil in Portugal. But in spite of that, the Euro rose 0.21% to $1.3006. Yen rose 0.68% to 100.10 cents/Y100. Dollar remains in a steep uptrend. Don't know what Humpty Dumpty Bernanke will do about putting the bond market back together. It has broken out downside taking interest rates up. Poor Ben. May wind up in the Old Central Bankers Home. Silver & gold had a right perky day. Gold gained $8.50 (0.68%) to $1,252.10. Silver scratched up 39.1 cents to end at 1968.9. Range was small today, gold trading from $1,256.54 to $1,245.43. Silver has made an upside down head and shoulders reversal, but will gainsay that interpretation if it trades below 1930c. But to gain credibility, silver must close above 2000c, then jump a dollar quickly to 2100c. Gold's chart doesn't quite look like silver's but it does have that spike bottom on 27 & 28 June. It's just too early to say yet that these are "THE" bottom we've been looking for, but the timing late in June supports that thesis. Let's see how July plays out. Y'all enjoy your Fourth of July holiday, and go easy on the fireworks. Well, and the firewater, too. SPECIAL OFFER: Krugerrands The Krugerrand came along in 1967 & revolutionized the gold coin market with a simple idea: a gold coin containing exactly one troy ounce of gold. By 1980 it had captured 90% of the gold coin market. The South African Krugerrand is rose-gold, an alloy of 91.67% gold (22 karat) and 8.3% copper. Its gross weight is 1.090 troy ounces (33.93 grams) and its fine gold content is exactly 1.0000 troy oz. (31.1034 grams). Because the Krugerrand was so popular world wide, the US adopted the same specifications when it began minting the American Eagle in 1986. Krugerrands are lately about $20 cheaper than American eagles, but I bought a big lot of them & until that supply runs out, will sell them $17.50 cheaper than that, i.e., at $1,302.50. I will sell these Krugerrands in lots of Three (3) coins each at $1,302.50, or $3,907.50 plus $35 shipping., total $3,942.50. At $1,252.10 spot gold, that's a 4% premium. If you order more than one lot, add only one $35 shipping charge. Limit Fifteen (15) lots per customer. All lots are sold subject to the special conditions below, no exceptions. No re-orders at these prices. Special Conditions: First come, first served, and no re-orders at these prices. I will write orders based on the time I receive your e-mail. We will not take orders for less than the minimum 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. ORDERING INSTRUCTIONS: 1. You may order by e-mail only to offers@the-moneychanger.com. No phone orders, please. Please do NOT order by replying to this email, because it will delay your email. 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, you must include your complete name, address, and phone number. Our clairvoyant quit without warning last week and we can no longer read your mind. 2. When you buy from us, we cannot later change or cancel the trade. We are giving you our word that we will sell at that price, & you are giving us your word that you will sell at that price, regardless what later happens in the market, up or down. If you break your word to us, we will never again do business with you. 3. Orders are on a first-come, first-served basis until supply is exhausted. 4. "First come, first-served" means that we will enter the orders in the order that we receive them by e-mail. 5. If your order is filled, we will e-mail you a confirmation. If you do not receive a confirmation, your order was not filled. 6. 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. 7. "No Nag Basis" means that we allow fourteen (14) days for personal checks to clear before we ship. Want your order faster? Send a bank wire, but that's not required. 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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