Saturday, August 28, 2010

Weekend - August 28&29

This Sunday on Paltak I will be in the AU & AG chat room. To join me make sure you have the Paltalk Program downloaded to your computer. Create a user account and in the program you will find a search box like you see down below to find the chat room

I will be in there from 8PM EST to around 10pm EST. That is from 5pm to 7pm Pacific time.

Facts about Silver, Gold, and the Dollar

-The Coinage Act of 1792 defines a dollar as 371.25 grains of fine silver.

-In the Constitution, Article I, Section 10, Clause 1 states No State shall...coin Money; emit Bills of Credit; make any Thing but gold and silver Coin a Tender in Payment of Debt...(

Gold price spiral to continue
Gold prices may make a run toward $1,260 per ounce this week, nearing or even breaching the record high of $1,266.5 scaled on June 21, according the Dubai Gold and Commodities Exchange.

Investor demand for gold in the face of weaker and worrisome U.S. economic data is likely to keep investors focused on gold this week, along with the roll in New York market silver positions, the exchange said in its weekly commodities review...(Emirates 24/7)

Silver Weekly Technical Outlook
Silver jumped to as high as 19.34 last week and the break of the upper rising trend line resistance argues that recent consolidation from 19.845 is finished already. Though, some resistance was seen ahead of 19.48 and with 4 hours MACD crossed below signal line...(Oil 'N Gold)

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