After Christmas Gold Coin Clearance Sale

Dear Readers:

Yes, even gold dealers have after Christmas clearance sales, and here's mine below, to clean out my inventory.

I am selling these in lots ONLY, and will not break up the lots. You are buying the coins "as is", so if it says the coin is "polished," that's what it means.

To each lot price, add $25.00 for shipping. Gold basis for prices below is US$849.60.

If you want to order, please do NOT call us, because no one will be answering the phone. To order, please e-mail us at at [email protected] The first e-mail to reach us will be the buyer of the lot. You may buy more than one lot, but we will NOT break up lots. They are sold as lots only.

In your e-mail you must mention the "Lot" number. For instance, if you want "Lot 2," then write, "I want to buy Lot 2." Your e-mail MUST include your full name, mailing address, and telephone number. Please mention goldprice.org in your email.

Once we receive your e-mail, we will answer with an e-mail with an invoice attached, and you will need to send us a check within two (2) days. Packages will be mailed fourteen (14) days after we receive your check, by registered, insured mail.

May God bless you all in the New Year and always!

Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.

- Franklin Sanders, The Moneychanger

The-MoneyChanger.com

Moneychanger After Christmas Clearance Sale:

Expect Silver and Gold to trade Sideways Until the End of the Year

Gold Price Close Today : $846.20
Change: 9.30 or 1.1%

Silver Price Close Today : $10.829
Change: 10 cents or 0.1%

Gold Silver Ratio: 78.14
Change: 0.787 or 1.0%

Dow Industrials: 8,519.69
Change: -59.42 or -0.6%

US Dollar Index Today: 81.24
Change: -0.06 or -0.1%

Stocks are still mired in the swamp, but the rallying dollar lost its mojo today against silver and gold.

The GOLD PRICE closed today up $9.30 at $846.20, still trying to break through the $850 barrier. The SILVER PRICE rose a penny to close at $10.8290. No big shakes there.

Expect silver and gold to trade sideways until the end of the year. The dollar is trying to rally, and a lot of investors are holding their breath ahead of next year, uncertain what to do, hoping the government and the Fed can pull a rabbit out of the hat, but disbelieving -- about like an 11-year old looking at Santa Claus.

After the first of the year Stocks ought to stage a four-month rally. US DOLLAR INDEX slowed nearly to a stop today, at around 81.25. Dollar's rally was strictly of the corrective type, so Dollar will resume its plunge shortly, probably around the beginning of 2009.

Our office will be closed for needful repairs from 24 December through 2 January 2009. During that time we will not be returning voice mails or writing trades. However,you can e-mail us if you like.

I will try to get one last commentary out before year end. May God bless you all with peace and goodwill, at Christmastime and always. Today is the Winter Solstice in the Northern Hemisphere, the shortest day in the year and the day the sun appears at its furthest south in the sky. Go ahead -- light your Yule log tonight!

Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.

- Franklin Sanders, The Moneychanger

"Buy Silver and Gold Coins at:"
The-MoneyChanger.com

To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate in a bubble, primary trend way down.

The Silver Price Will Rise 4.83 Times as Far as Gold Price

Gold Price Close Today : $836.40
Gold Price Close 12 December: $818.90
Change: 17.50 or 2.1%

Silver Price Close Today : $10.819
Silver Price Close 12 December: $10.199
Change: 62.00 cents or 6.1%

Gold Silver Ratio: 77.31
Gold Silver Ratio December 12: 80.29
Change: -2.98 or -3.7

Dow Industrials: 8,579.11
Dow Industrials December 12: 8,629.68
Change: -50.570 or -0.6%

US Dollar Index Today: 81.300
US Dollar Index December 12: 83.619
Change: -2.319 or -2.8%

In spite of the metals' drop from Wednesday's highs, look at those gains posted this week!

The US DOLLAR INDEX and the Fed were the major actors in this week's events. The Fed announced (translated from Fed-speak) that they were lowering the Fed Funds rate to a 0.0% to 0.25% target, and that they were going to fire up the money-creating machine, and hire three shifts to man it. As the dollar market had been declining for 6 days expecting catastrophic news, the announcement took the pressure off the dollar, and it began a reaction rally. After dropping 150 - 180 basis points a day, it began rallying 100+ bps a day, jumping from 78.603 on Wednesday to 81.30 today. This is no longer a foreign exchange market, it's a casino.

But never mind these short term events, don't miss the big point: the dollar is dead. After shoving some $8 trillion in new credit into the monetary system -- "inflation" -- Bust-up Ben won't be able to suck all that out of the system. Within 6 - 12 months the inflation will start showing up in price increases. Those with eyes to see -- the "realisers" -- already see the bar-fight coming and are edging toward the exits by buying silver and gold. Next year will see gigantic rises in both metals. Get out of dollars while you can.

Stocks were confused today, with the Dow and a few other indices down while most rose. Stay out of stocks. Keep on looking for that rally next year which will offer you your last chance to sell stocks.

The GOLD PRICE, having hit the top of its trading channel and its 200 day moving average on Wednesday, predictably bounced off the channel and fell back some. If we have not already witnessed the downward limit of gold's reaction, it might reach $820. Use any declines as an opportunity to buy more.

The SILVER PRICE, ever more volatile, hit $11.3890 on Wednesday, but then fell back to close at $10.8190 today. As long as it remains above $10.50 cents, silver is just taking deep breaths before it runs for $14.00. Yes, yes, yes, I know that croakers and doomsayers are all croaking and doomsaying about silver being an "industrial metal" and therefore not rising like gold. These are many of the same people who have fought the silver bull market all the way up, so why should you listen to them now?

Unless you understand this one principle, you understand nought about precious metals' bull markets: monetary demand, and monetary demand alone, drives both gold AND silver. It's not Indian wedding demand or the popularity of silver jewelry that drives their prices, but sheer monetary demand, holding them as "money" because the alternatives -- national currencies -- are clearly failing.

WHEREFORE, before this bull market ends, you will need only 16 ounces of silver to buy one ounce of gold, which means from here that the silver price will rise 4.83 times as far as the gold price. Forget the siren song of the "gold-only" bugs, who have fallen for the myths of the money interest: both silver and gold are money, and always will be.

From 24 December through 2 January our office will be closed to celebrate the Twelve Days of Christmas, and to perform certain needful renovations. You can e-mail us during that time, but we won't be manning the telephones.

Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.

- Franklin Sanders, The Moneychanger

"Buy Silver and Gold Coins at:"
The-MoneyChanger.com

To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate in a bubble, primary trend way down.

Gold Price Uptrend Remains in Force, When it Crosses the 200 DMA ($862.61) It Will Only Send Gold Running Higher and Higher

Gold Price Close Today : $859.60
Change: -$7.90 or -0.9%

Silver Price Close Today : $11.089
Change: -30 cents or -2.6%

Gold Silver Ratio: 77.52
Change: 1.348 or 1.8%

Dow Industrials: 8,604.99
Change: -219.35 or -2.5%

US Dollar Index Today: 79.76
Change: 1.16 or 1.5%

The GOLD PRICE hit its 200 day moving average ($862.61) and bounced off. 'Tisn't evident yet whether this means a correction long or short. Not terribly material, since the uptrend remains in force. When it crosses over 200 DMA will only send gold running higher and higher.

The SILVER PRICE has formed a big bowl or rounding bottom on the chart, with the rim about $14 -- or $10.70 -- depending on your viewpoint. Silver might drop back down to $10.85-$10.65 in a typical touchback to breakout point, but the worst is past us and the trend leads much higher.

The Fed's announcement yesterday removed the uncertainty over the dollar, and helped the DOLLAR INDEX rally today. Other than that, there was no particular technical reason for it to turn around here, just the monotony of six days steady plunging. Both the 200 day moving average at 76.89 and the last low at 75.89 lay below where the dollar stopped. It was just time for the dollar index to rebound. Might rally as high as 80 - 80.25, and that rally might take a couple of weeks. That would put silver and gold pricse to sleep over the holidays. Get out of dollars; stay out of dollars. Dollar Index closed up 116 basis points at 79.76. Mercy -- how volatile hath the dollar become!

Stocks are trying to make a stand, but didn't like the rising dollar today. Dow must hold 8300-8250 or risk revisiting 7500. Upside, the Dow won't run until it closes above 9,000. Dow in Gold Dollars (DiG$, the Dow valued in gold) has formed a huge falling wedge, which normally breaks out to the upside. That would take stocks up in a rally against gold. Matters not, I am not tempted by stocks, except for the temptation to run from them hard and fast as my feet can carry me.

Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.

- Franklin Sanders, The Moneychanger

"Buy Silver and Gold Coins at:"
The-MoneyChanger.com

To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate in a bubble, primary trend way down.

Gold Price Above the 25-year Resistance at $850 and Above its 200 Day Moving Average $863.24, so it's Off to the Races

Gold Price Close Today : $867.50
Change: $25.8 or 3.1%

Silver Price Close Today : $11.389
Change: 71 cents or 6.6%

Gold Silver Ratio: 76.17
Change: -2.648 or -3.4%

Dow Industrials: 8,824.34
Change: -99.80 or -1.1%

US Dollar Index Today: 78.60
Change: -1.62 or -2.0%

I expected the silver price to jump up once it crossed $10.50 resistance, but I wasn't expecting the Fed to execute the dollar. Yesterday's Fed antics cost the dollar another 155 basis points today to land it at 78.66. That loss drove the silver price wild. It rose 71 cents to $11.389.

The gold price gained $25.80, closing at $867.50. That takes the gold price above the 25-year resistance at $850, so it's off to the races. Most significant here is gold's crossing above its 200 day moving average ($863.24). Bull markets are supposed to remain above their 200 DMA most of the time, dropping back to that 200 DMA only rarely. Driven by the last 5 months' financial turmoil, both silver and gold prices have fallen below their 200 DMAs, even their 300 DMAs. Thus gold's crossover looms all the more important. Not only must it rise above the 200 DMA, it needs to stay there.

The silver price has little substantial resistance between here and $13. That implies the rise to $13 ought to be fast. The silver price now stands above its 17 DMA and 50 DMA ($9.97), confirming that upward momentum. The 200 DMA lies far above at $14.27, but remember silver's mighty volatility and great speed when rallying. That price is possible by end-December or mid-January. Yes, the silver price will move fast, very fast.

The GOLD/SILVER RATIO virtually collapsed today, falling from 78.893 to 73.905, five gigantic points. This alone signals great strength in metals, and fiery demand supporting them. First small support lies at 72.5, then 70.4, but a drop below 68 takes the ratio below the descending top boundary of the triangle the ratio broke out of when this debacle began, that would indicate that this summer's rise to 84.33 was a double top, and not a change of trend. Remember that the ratio shows the value of an ounce of gold in ounces of silver. As a bull market in silver and gold unfolds, that ratio should drop since silver climbs faster than gold over the bull market's life.

Ever notice how long and laborious is the climb to a fifth floor apartment with a large, weighty suitcase, and how quickly it reaches the ground when you push it out the 5th story window? So also the US DOLLAR INDEX chart. Although its rise was fast, still it was laborious, and hard to engineer. On the other hand, just one announcement the Fed is going to start printing money round the clock is enough to send the dollar index back under 79.

Read the handwriting --- nay, neon sign -- on the wall and get out of US Dollars.

Stocks have crossed above their 50 DMA (Dow 8715). 4 to 6 month rally has begun, your very last chance to sell stocks before you get skinned.

Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.

- Franklin Sanders, The Moneychanger

"Buy Silver and Gold Coins at:"
The-MoneyChanger.com

To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate in a bubble, primary trend way down.

Do Not Wait Now to Buy Silver and Gold - This is the Breakout

Gold Price Close Today : $841.70
Change: $6.30 or 0.8%

Silver Price Close Today : $10.674
Change: 8.5 cents or 0.8%

Gold Silver Ratio: 78.86
Change: -0.038 or 0.0%

Dow Industrials: 8,874.84
Change: 310.31 or 3.6%

US Dollar Index Today: 80.22
Change: -1.87 or -2.3%

The GOLD PRICE closed at US$841.70, up $6.30, until the Fed announced its "plans", sending gold up to US$861, another US$19.30. The SILVER PRICE, which had closed up 8.5 cents to $10.67, jumped 70 more cents to $11.37. The prices show for gold and silver items above derive from those higher aftermarket prices.

Today the silver price closed above the $10.50 first hurdle, but the gold price didn't quite make the $850 resistance. In the aftermarket, both metals shot through resistance levels, especially silver. Tomorrow should produce yet more gains.

Do not wait now to buy silver and gold. This is the breakout. Buy now or pay much, much more later.

Whoa! You men paying attention? Stand up where you are, twist your body to the right, place your right hand in your back pocket, withdraw your wallet, pull out a green federal reserve note, lift it to your lips, and KISS THE DOLLAR GOOD-BYE!

You women will have to fish in your purses ten minutes to find your wallets, then dig out a buck and kiss it good-bye.

Not only have the Fed and the Treasury executed a coup d'etat and taken over the yankee government entire, the Fed reduced the Fed Funds rate to 0.5%, lowest level in history. But in case that doesn't work, they also have yet another new strategy: "quantitative easing." That is "Fedspeak" for printing money. Let the presses begin! Let there be money, and let it flood the hills & valleys, yea, let it flow into the shallowest pockets in the land, and let the desert economy bloom!

Folks, if any of y'all yet cling to the "deflationary" outcome, you had best let it go today. Although the economic outcome will be depression, the monetary outcome will be massive inflation, and quite likely, hyperinflation. The dollar will evaporate, while silver and gold prices will skyrocket, unless the laws of cause and effect have been repealed by a compliant congress.

All bets are off, friends, for any sort of peaceful landing. Every man for himself! Today your government and the private corporation that controls the economy and the money, the Federal Reserve, threw you, and the US dollar, out of the boat, with an anvil tied to your feet. Every one of us had better learn to swim.

As proof, he brings forth the next exhibit, the US Dollar Index, which today posted its biggest swing yet in a mighty long string of big swings, down a full 186 basis points to close at 80.22. Mercy! This isn't currency exchange, it's Las Vegas. Stocks liked the lower dollar. The Dow rose 310 and the S&P500 37, but stocks still haven't broken out above the critical 9,000 Dow level.


Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.

- Franklin Sanders, The Moneychanger

"Buy Silver and Gold Coins at:"
The-MoneyChanger.com

To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate in a bubble, primary trend way down.

Once The Gold Price is Through $850 It Will Run, Run, Run

Gold Price Close Today : $835.40
Change: $16.50 or 2.0%

Silver Price Close Today : $10.589
Change: 39 cents or 3.8%

Gold Silver Ratio: 78.89
Change: -1.399 or -1.7%

Dow Industrials: 8,564.53
Change: -65.15 or -0.8%

US Dollar Index Today: 82.09
Change: -1.53 or -1.8%

The GOLD PRICE today rose $16.50, but its $835.40 close is still $14.60 shy of the magic number, $850 (25 year resistance). Be patient, it is pushing toward that barrier. Once through that it will run, run, run. For the first time since 24 October, gold's 17 day moving average has risen above the 50 DMA, a good sign confirming upward momentum.

The SILVER PRICE blasted ahead of the gold price, rising 39 cents to $10.589. That $10.50 point is silver's first hurdle. 17 DMA is about to cross above the 50 DMA. In the Gold/Silver Ratio, the ratio at 78.98 stands below its 17 DMA and not much above its 50 DMA (78.18). All these show momentum moving in the right direction, that is, up for silver and gold prices and down for the Gold/Silver ratio.

Has anybody noticed the Gold/Platinum spread? The Platinum price at $836.00 has fallen below the gold price, and historically that has been a no-lose time to swap gold for platinum, except that there's no platinum out there to swap for.

Today we learned once again how many real friends the US DOLLAR has, as we watched the US DOLLAR INDEX slide 153 basis points. That also points out that the liquidity squeeze for dollars has ended, at least for the nonce. Unsettled as things are, that squeeze could break out again at any time.

Here's something odd. Y'all know how Bust-up Ben Bernanke and Hank the Honker Paulson have been moaning and groaning about interbank credit drying up? Mmmmm . . . Then wonder how bank loans actually grew in the 3rd quarter? May be Ben and Hank are thinking only about their buddies in the big INSOLVENT banks. But wait! O perish the thought! Wouldn't that imply some small malfeasance, since they would be propagandizing and bullying congress in favour of their friends? And isn't that called -- now what's that name? Crony capitalism? Corruption? Or even the "F" word -- favouritism?

Something y'all ought to keep in mind about panics and crashes: scandals always erupt. As long as the bubble keeps blowing up, the scandals can be hidden, sort of like a Ponzi scheme, but when the bubble bursts, the scandals surface. And sometimes it's the emergence of a scandal that pricks the bubble. Every one of y'all out to buy a copy of Manias, Panics, and Crashes by Charles P. Kindleberger. It dissects the form of panics and crashes into its parts, and is one of the most entertaining books you'll ever read.

With that in mind, we are interested to note that former NASDAQ head Bernard Madoff was running a hedge fund that turned out to be a $50 billion Ponzi scheme. Wow. Sure builds your confidence in the Securities and Exchange Commission, huh? And government oversight in general. Iss inefficient American Soviet system, comrades!

STOCKS today failed to benefit from the plunging dollar, and dropped 65.15 points to land at Dow 8,564.53. Dow needs to get to 9,000, even 9,300 before it will attract buyers. Stay away from stocks.


Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.

- Franklin Sanders, The Moneychanger

"Buy Silver and Gold Coins at:"
The-MoneyChanger.com

To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate in a bubble, primary trend way down.

Once the General Public Catches on What the Fed and Government Have Done to the Dollar, Panic Buying of Silver and Gold will Increase

Gold Price Close Today : $818.90
Gold Price Close 5 December: $750.50
Change: $68.4 or 9.1%

Silver Price Close Today : $10.199
Silver Price Close 5 December: 9.401
Change: 79.80 cents or 8.5%

Gold Silver Ratio: 80.29
Gold Silver Ratio 5 December: 79.83
Change: 0.46 or 0.6%

Dow Industrials: 8,629.68
Dow Industrials 5 Decemeber: 8,638.42
Change: -8.74 or -0.1%

US Dollar Index Today: 83.619
US Dollar Index 5 December: 86.713
Change: -3.094 or -3.6%

Numbers speak for themselves, and the numbers from silver and
gold -- and from the US Dollar Index -- speak loudly enough this week.

GOLD and SILVER PRICES keep on confirming their November 18 bottom, and their uptrend, but the fight is far from over. The silver price must cross $10.50 and the gold price must cross the 25 year resistance at US$850 before the rest of the world will believe again that the metals are in a bull market. Be patient. It will happen. A rally has begun which will carry into spring.

Now is the time to buy silver and gold. Once the general public catches on what the Fed and government have done to the dollar, panic buying of silver and gold will increase. Next year will not be kind to owners of US dollars and stocks. As if things weren't bad enough, the Fed is now making noises about selling its own debt, and (I reckon) issuing notes against that. Now why do they want that power, unless Bust-up Ben plans on using it?

Woe! Woe! The outcome is unthinkable!

The massive de-leveraging of hedge funds and the scramble for liquidity (in the form of US Dollars) had been buoying up the US DOLLAR INDEX for several months, but that appears to have ended. The dollar has made a series of lower highs and lower, marking out an undeniable downtrend. If you think the dollar is popular now, just wait until the $8 trillion plus of inflation slammed into the system already expresses itself in prices next year. You may see eggs at $12 a dozen. The US Dollar has the same future as an arm-garter manufacturer in 1925 --- none.

STOCKS just burned up friends and buying power all week long, up and down without any progress. Still, the bottom was placed in November, and a 4 - 6 month rally is beginning. If you still have stocks, look for the magic 10,000 Dow to sell them all. Get out.

On this day in 1925 the first motel -- the Motel Inn -- designed for motorists to drive right to their door of their room, opened in San Luis Obispo, California.

Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.

- Franklin Sanders, The Moneychanger

"Buy Silver and Gold Coins at:"
The-MoneyChanger.com

To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate in a bubble, primary trend way down.

Gold Price Needs Close Above the November High at $834.50 then $850 the 20 Year Resistance

Gold Price Close Today : $807.10
Change: 34.70 or 4.5%

Silver Price Close Today : $10.165
Change: 35 cents or 3.6%

Gold Silver Ratio: 79.40
Change: 0.704 or 0.9%

Dow Industrials: 8,785.31
Change: 93.98 or 1.1%

US Dollar Index Today: 85.43
Change: -0.37 or -0.4%

Silver and gold prices worked through their confusion today and settled it by jumping straight up.

THE US DOLLAR INDEX topped in November at 88.46, and left its December high at 87.70. The series of lower highs has been accompanied by a series of lower lows -- a classic downtrend. The dollar's decline will accelerate on any close below 84.27 (the last low) or below the 50 and 20 day moving averages (84.88 and 88.94). Beneath that, alas, stands only air, and nothing to catch the dropping dollar. Only thing that could contradict this decline would be higher closes, first above 87.70 and then 88.46. Hold not thy breath.

The DOW has taken stocks above the short-term downtrend line, breaking out of a falling wedge formation. That falling wedge foretells an upward breakout, which is what I have been expecting. Look for that rally to 10,000 or more, and grab that like the last train west out of Berlin in 1945. Sell your stocks then, or watch them wither over the next several years.

The GOLD PRICE rose $34.70 to close at $807.10 today. It needs to climb above the November high ($834.50) and then crash through $850, the 20 year resistance line. Already the gold price stands above its 50 DMA ($780.48) and is ready, at long awaited last, to climb above its 200 DMA again ($866.50). Today confirms once more my interpretation that the gold price has begun a rally.

The SILVER PRICE has been wrestling with its 50 DMA ($10.06) but today crossed it and closed up 35 cents at $10.165. The real target here is $10.50, the fence that has held in the silver price so long. Once that fence gives, silver will boogy.

Yet again, I urge you to lift your head up and look around at what is happening. The Fed and US Treasury have executed a coup d'etat over the US government. The US and world economies will need years to work through this mess. Over the next 5 - 10 years it will be extremely difficult to make a living. Be warned. Heed not the lying sirens, nor their song.

Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.

- Franklin Sanders, The Moneychanger

"Buy Silver and Gold Coins at:"
The-MoneyChanger.com

To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate in a bubble, primary trend way down.

Check the Silver and Gold Prices Over the Last 6 Weeks, and You Will Find a Series of Rising Bottoms i.e. An Uptrend

Gold Price Close Today : $772.40
Change: 5.00 or 0.7%

Silver Price Close Today : $9.815
Change: 12.5 cents or -1.3%

Gold Silver Ratio: 78.70
Change: 1.493 or 1.9%

Dow Industrials: 8,691.33
Change: -242.33 or -2.7%

US Dollar Index Today: 85.91
Change: 0.25 or 0.3%

Hail storm coming up, so I have to write and send this quickly. Silver, Gold and stocks are all turning up.

Y'all need to bear in mind that moving averages show what sort of momentum a market has. When the market has been below the moving averages and crosses above, then its momentum is up. As it crosses first the 17 DMA and then 50 DMA, it confirms the momentum of that trend. In bull markets, the market usually trades above its longer term (200 & 300 day) moving averages; in a bear market, below. In the crashing prices from July forward, silver and gold have been taken below their 200 and 300 day moving averages, rare but not impossible to see in a bull market.

In stocks the Dow is above its 17 DMA and knocking on 50 DMA. This foretells the stock market rally I have been looking for. Keep watching it for your chance to get out of stocks above Dow 10,000.

The US DOLLAR today rose 25 basis points, but that didn't hurt gold's feelings at all. It rose 5.00 to 772.40. The dollar remains below 86 at 85.91.

SILVER and GOLD PRICES were confused today with the gold price up $5.00 and silver price down 12.5 cents at $9.815. That's confusion, and most likely points to weakness, some kink not yet worked out. However, go back and check the silver and gold prices over the last 6 weeks, and you will find a series of rising bottoms, i.e., an uptrend. Both metals have crossed above their 17 DMA. I interpret this confusion as the unfolding bottoming pushing its way thru negative sentiment. Be careful.

Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.

- Franklin Sanders, The Moneychanger

"Buy Silver and Gold Coins at:"
The-MoneyChanger.com

To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate in a bubble, primary trend way down.

Smaller and Smaller Moves in Gold and Silver Point to a Big Move Coming Soon, Up or Down - I Expect it to Move Up

Gold Price Close Today : $763.80
Change: -5.00 or -0.7%

Silver Price Close Today : $9.491
Change: -7.3 cents or -0.8%

Gold Silver Ratio: 80.48
Change: -0.091 or -0.1%

Dow Industrials: 8,376.08
Change: -215.61 or -2.5%

US Dollar Index Today: 86.54
Change: -0.32 or -0.4%

The GOLD PRICE closed today right on its 17 day moving average, down $5.00 at $763.80. The SILVER PRICE stands a little below its 17 DMA, down 7.3 cents at $9.491. These days with smaller and smaller moves in gold and silver point to a big move coming soon, up or down. I expect it to move up. Slow markets stay slow just long enough to lull you into inattention, then take off.

The Big Three automaker commissars are testifying and lobbying congress today. Anybody want to take bets that they will not get their 55 jillion dollar bailout? Hey, hey, I also have a 200 pound anvil here. Want to bet that I can climb up on the roof, throw it off, and it will float away into the sky?

Stock market is really working its fans over. Perhaps it has not yet seen its bottom. 200+ points a day moves wear on the nerves.

US DOLLAR INDEX fell 32 basis points today, but without helping silver or gold at all. Dollar is in another downtrend.

Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.

- Franklin Sanders, The Moneychanger

"Buy Silver and Gold Coins at:"
The-MoneyChanger.com

To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate in a bubble, primary trend way down.

The Uptrend in the Gold Price is Not Over, This is a Normal Correction

Gold Price Close Today : $768.80
Change: 12.50 or -1.6%

Silver Price Close Today : $9.564
Change: 2.6 cents or -0.3%

Gold Silver Ratio: 80.38
Change: -1.086 or -1.3%

Dow Industrials: 8,601.96
Change: 182.87 or 2.2%

US Dollar Index Today: 86.76
Change: 0.22 or 0.3%

The gold price dropped again today, with a $763 low near the 17 day moving average at $762. Closed at $768.80, down $12.50, but in the aftermarket is trading at $773.30. Needs to rally up over $800 soon. The uptrend in the gold price is not over, this is a normal correction.

The silver price dropped 2.60 cents and wound up at $9.564 at the close, trading up to $9.615 in the aftermarket. Looking at the chart, the silver price really ought to turn up from here, but of course markets have minds of their own.

That Amazing Floating Anvil, the US Dollar index, rose again today by 22 basis points to close at 86.75. Nothing changed: still trending down.

Ahh, mortals! Here's a real heartbreaker. Harvard University's endowment announced it lost 22% ($8 bn) in the first 4 months of its fiscal 2009. Using some clever backward mathmatics, I figure that the value of the entire endowment must be around $36.4 billion. Remember that, as you read your 401(k) statement through tears. All the poor Harvard students may have to drink reconstituted orange juice next year, instead of fresh-squeezed.

Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.

- Franklin Sanders, The Moneychanger

"Buy Silver and Gold Coins at:"
The-MoneyChanger.com

To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate in a bubble, primary trend way down.

Thinking About Buying Silver or Gold Ever? Better Make It Quick

Gold Price Close Today : $781.30
Change: 6.70 or 0.9%

Silver Price Close Today : $9.59
Change: 24 cents or 2.6%

Gold Silver Ratio: 81.47
Change: -1.375 or -1.7%

Dow Industrials: 8,419.09
Change: 270.00 or 3.3%

US Dollar Index Today: 86.56
Change: -0.50 or -0.6%

The SILVER PRICE rose 24 cents today to close at $9.59. The GOLD PRICE rose $6.70 to $781.30. Look at the gold and silver price charts and you will trace out a series of higher lows -- definition of an uptrend. Every passing day re-confirms those November bottoms.

If you are thinking about buying silver or gold ever, then better make it quick. A rally has already begun that will stretch to next spring. Once the public catches on that they have already been had, that the inflation is unstoppable, they will run into metals. My experience of the last 3 months makes me think that very few of them will find any to buy.

In what is, I contend, the most perfect song of the last 50 years, "Lying Eyes" by the Eagles, the girl asks herself "how things ever got this crazy". I bet Ben Bernanke and Hank the Honker Paulson hum that song to themselves under their breath all day long. Even as much contempt as I have for the Fed and the yankee government (brother, that's a deep well) would never have envisioned the stunts they are pulling these days: bail-outs, hand-outs, pass-outs, burn-outs, and snuff-outs amounting to $8 trillion, half the US GDP. And every day Buckbuster Ben announces another new "Facility" for $300 to $800 billion. Of course, the Fed (or more precisely, its owners) always ran the government, but they always did so behind a mask. Now the mask has been ripped away and they have completely taken over. But they're going to change the old Nazi greeting from Sieg Heil! To Geld Heil!

I reiterate all this to press upon your mind with the greatest possible weight that the US economy has been hijacked by tapeworms who will destroy both the economy and the dollar. The end draweth nigh.

Today the US DOLLAR INDEX dropped more today than it rose yesterday, and closed at 86.55, down 50 basis points. That begins a series of lower tops,i.e., a downtrend. The rally has ended. Get out of dollars, quickly and deliberately.

Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.

- Franklin Sanders, The Moneychanger

"Buy Silver and Gold Coins at:"
The-MoneyChanger.com

To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate in a bubble, primary trend way down.

Gold Price Dropped $41.60 to $774.60 - Nothing Climbs Straight Up

Gold Price Close Today : $774.60
Change: -41.60 or -5.1%

Silver Price Close Today : $9.35
Change: -83.5 cents or -8.2%

Gold Silver Ratio: 82.84
Change: 2.707 or 3.4%

Dow Industrials: 8,148.29
Change: -680.75 or -7.7%

US Dollar Index Today: 87.05
Change: 0.44 or 0.5%

The US Mint, in another dazzling display of marketing skill and organisational competence, announced today that, until further notice, in 2009 they would make no American Gold Buffalos, no fractional Gold American Eagles, and no Platinum American Eagles. Yet they will be striking one ounce gold and silver American Eagles, but selling through their cartel of dealers "by allotment", which translates "rationing."

Iss brilliant viktory of socialist buzzness plannink, Comrades!

More lunacy today.

Based apparently on news that the Fed is going to inflate more than ever, the US dollar index has risen to 87.052. This news is added to the $8 trillion worth of bail-outs, cop-outs, and spend-outs, plus the $300 - $800 billion of new bailouts the Fed or Treasury announces daily. They're going to kill the dollar. Really.

More news: the National Bureau of Economic Researched announced today that the economy has been in a recession since last December. They also announced that Napoleon lost the Battle of Waterloo.

Stocks took a big fall today, No. 4 in history for size, but it's not a new low and comes on a day with a big dollar rise. If the Dow survives -- that is, doesn't break the old 7,552 low -- than it will simply confirm that it has made a bottom. Odds favour that outcome.

SILVER and GOLD PRICES were nuked today. The gold price dropped 41.60 to 774.60 and silver price dropped 83.50 cents to close at $9.35. However, when you look at a chart, even these large drops are not fatal to the uptrend. In fact, they don't appear significant. Nothing climbs straight up; everything zigs and zags. This is a zag. Y'all remember that I have warned that volatility would be the rule, and that it would wear your nerves raw. Here 'tis.

The GOLD/SILVER RATIO is dropping, but slightly and slowly. This also bodes well for metals. "A trend in force remains in force until broken." Uptrend for silver & gold remains in force, so I continue to observe that Nov 18 marked the bottom for both. Both metals have also entered a new rally that will carry much higher into next spring.

Joke of the day: Last week Citibank's [sic] research group announced that gold could hit $2,000 [sic] next year. Too bad Citibank management hasn't been reading the reports from its research group -- for the past 10 or 12 years!

Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.

- Franklin Sanders, The Moneychanger

"Buy Silver and Gold Coins at:"
The-MoneyChanger.com

To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate in a bubble, primary trend way down.

Silver and Gold Prices Have Made Their Lows and Now are Climbing in a Rally that Will Last Until Well Into Next Spring

Gold Price Close Today : 818.50
Change: -1 or -0.1%

Silver Price Close Today : 10.27
Change: -8.5 cents or -0.8%

Gold Silver Ratio: 79.70
Change: 0.558 or 0.7%

Dow Industrials: 8,479.47
Change: 36.08 or 0.4%

US Dollar Index Today: 84.77
Change: -1.04 or -1.2%


Although somebody (Nice Government Men?) painted the tape brilliantly yesterday to make metals' performance look worse than it was, their strength could not be hidden. The gold price rose $80 in two days, the silver price over $1. Most of the day the gold price was circling around $830, and the silver price $10.50, although the closes came in much lower.

Today they eased off a little, the gold price down a dollar to $818.50 and the silver price down 8.5 cents to $10.27. The real hurdles now are $850.00 for gold (25 year resistance) and $10.50 for the silver price, but they ought to be surpassed quickly.

Silver and gold prices have made their lows and now are climbing in a rally that will last until well into next spring. If you were waiting for a "sign" to buy, you got it yesterday and Friday.

The US Dollar index is collapsing, literally. Yesterday it dropped 280 basis points. I kept looking at that figure, unable to grasp it. Thought it must be a misprint. Today the dollar index fell another 104 basis points to land at 84.769. Looks like the liquidity squeeze -- and the panicked demand for dollars -- has ended. Down 380 basis points in two days? This is not alarming, it is humiliating. The dollar is trash, and will be trashed.

STOCKS probably have yet one more downward spike, but may have already bottomed. Still looking for a bottom by the end of the month and beginning of 3 - 4 month rally, before stocks fall off the face of the earth into the black hole of a bear market.

Reading back over a few commentaries from the last few months, I realize I may sound fairly, well, sarcastic toward the monetary and governmental powers that be. I confess that I hold them all in contempt, as clowns too ignorant to recognize what damage they are doing, or as mercenary traitors willing to destroy the lives of millions. In any event, they are not serious people. Serious people don't do such things; they take heed of their actions' consequences.

And I realize that I am always urging you to buy silver and gold. There's a reason for that. It will be a long bear market in the economy and stocks and the dollar, and a long bull market in silver and gold. It's hard enough for people to grasp that, harder still for them to act on it. Rather, they will watch like a mouse fascinated by a dancing snake while their capital is gobbled down by a bear market. I trust y'all understand that and have acted -- or will act -- soon.

Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.

- Franklin Sanders, The Moneychanger

"Buy Silver and Gold Coins at:"
The-MoneyChanger.com

To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate in a bubble, primary trend way down.

Today Silver and Gold Blew Everybody's Ears Back - All You Could Hear Was the Whining Roar of the Silver and Gold Price Jets

Gold Price Close Today : 799.75
Change: 51.5 or 6.8%

Silver Price Close Today : 9.575
Change: 55 cents or 6.1%

Gold Silver Ratio: 83.52
Change: 0.577 or 0.7%

Dow Industrials: 8,046.26
Change: 493.97 or 6.5%

US Dollar Index Today: 87.66
Change: -0.96 or -1.1%


The US DOLLAR INDEX has about exhausted its parabolic move. Gravity looks ready to take over. It has failed three times to break through the ceiling at 88, yet again today. Other indicators are neutral or negative, and it has traced out a "bearish rising wedge." That's an up-pointing triangle that usually resolves to the downside. Let's leave it at this: I wouldn't go long dollars any time soon. Chance is you'll see the buck at 70 again before you'll see it at 95.

Despite the Walking Dead routine today, the stock market zombie will drop again. Perhaps this week it came near to a bottom, but there is a lower low coming next week.

Today silver and gold blew everybody's ears back. All you could hear was the whining roar of the silver and gold price jets.

The gold price closed on its 50 day moving average -- Wow. Investors were waiting for the gold price to cross over $750. As soon as it climbed through that window today, it shot higher. In the aftermarket it was trading at 803.70. The gold price has traced out a broadening bottom, and now confirmed the key reversal it made a week ago Thursday: higher is the next direction. First the gold price must burst through resistance around $825-$830, then $875, before it can take aim for the October high at $936.30. Today the gold price gained $51.15 [sic], if you're wondering how fast it can move when it really tries.

Y'all ain't seen nothing yet.

The silver price followed its key reversal a week ago Thursday with a swoon most of the week but closed higher for the week, clinching and confirming the key reversal. Look for much higher prices next week. Rounding bottom nearly finished.

Both silver and gold prices have confirmed bottoms, and seem to have launched a rally that will carry into next spring. Stocks will bottom next week, somewhere lower than this week, and begin a rally that will last as long as 4 months and carry to 10,000 or 11,000 -- your last chance to sell them all. US Dollar is ending its rally, which should push silver and gold prices even higher. No end in sight for the financial crisis, or the bloodsucking greed of corporate America. Expect the new congress to pass a bill sending every man, woman, and child in the country a $2 million check. Shoot, let's bail out everybody!

Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.

- Franklin Sanders, The Moneychanger

"Buy Silver and Gold Coins at:"
The-MoneyChanger.com

To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate in a bubble, primary trend way down.

Silver and Gold Prices Stand on the Verge of Breaking Out of their Downtrends

Gold Price Close Today : 748.60
Change: 12.7 or 1.7%

Silver Price Close Today : 9.025
Change: -28.5 cents or -3.1%

Gold Silver Ratio: 82.95
Change: 3.903 or 4.9%

Dow Industrials: 7,552.45
Change: -444.83 or -5.6%

US Dollar Index Today: 88.17
Change: 0.42 or 0.5%

No sooner had the words escaped my keyboard than the Dow Jones Industrial average proved yet again that triple bottoms are very, very rare. Breaking 8,000 yesterday broke stock investors' morale, & try as they might throughout the day to keep a stiff upper pocketbook, shortly after 14:00 somebody yelled, "Every man for himself!" When the dust cleared the Dow had dropped 444.83. S&P500 fell even more, down 54.14. Final scoreboard read Dow 7,552.45 & S&P500, 752.44. That Dow figure is probably within 500 - 700 points of the low, which, after today's debacle, ought to occur within the next few days.

The Dow in Gold Dollars (DiG$) made a new low for the move today, G$208.55 (9.943 oz), versus the 9 October low at G$200.82 (9.715 oz). DiG$ is telling us that gold will outperform stocks for some time to come.

The mysterious floating US DOLLAR INDEX rose today 42 basis points to 88.165, reaching, meseemeth, for another lower high in a series. Possible here is a spike top to 90 before it finally dries up and drops back toward its intrinsic value, namely, zero.

Either some confusion exists in the precious metals markets, or the Nice Government Men busied themselves today selling silver futures in their attempt to drive down the gold price. The gold price closed up 12.70 at 748.60 while the silver price closed down 28.5 at $9.025 (at 4:30 CST they were 747.70 & 9.06). Either that is a bad omen, where the silver price will pull down the gold price, or it is a market making up its mind.

Both silver and gold prices stand on the verge of breaking out of their downtrends, so if you were NGM strategizing, it was a critical place to sell silver to make the whole precious metals group look weak.
Platinum and palladium, too, both sold off badly today and yesterday, but that is easily explained by the American automakers' troubles, because auto catalysts consume a huge part of both metals.

GOLD/SILVER RATIO continues trending down but needs to break below 76:1.

I believe we've seen the lows in gold and silver. Seasonally they are setting up for huge rallies into next spring, falling wedges on both charts. Keep on buying both silver and gold.

Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.

- Franklin Sanders, The Moneychanger

"Buy Silver and Gold Coins at:"
The-MoneyChanger.com

To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate in a bubble, primary trend way down.

Both Silver and Gold Charts are Beginning to Display Marks of Rounding Bottoms - If you Haven't Already Bought, Buy Now

Gold Price Close Today : 735.90
Change: 3.30 or 0.5%

Silver Price Close Today : 9.310
Change: -24 cents or -2.5%

Gold Silver Ratio: 79.04
Change: 2.332 or 3.0%

Dow Industrials: 7,997.28
Change: -427.47 or -5.1%

US Dollar Index Today: 87.75
Change: 0.54 or 0.6%

Oooo . . . Today was a scary one. Stocks? Scary. The Dow dropped below 8000, and even a few points demoralizes buyers. It dropped today 427 points to stop at 7,997.28. S&P fell worse, down 52.54 points to 806.58. This is the third drop toward this same area, & truth to tell, markets only very rarely make triple bottoms. On third tries they usually break through. The Dow in Gold Dollars (DiG$) closed way down today at G$224.67 (10.867 oz) dropping through support toward the October low. Rest of November won't bring comfort to stock investors.

The US DOLLAR INDEX rose today, 54 Basis points, to 87.75. Ponder -- it remains below 88, which has stymied it so far twice, and looks ready to break down again. When it does, it will be Katy bar the door for silver and gold prices. Speaking of silver and gold, gold was firmer today and silver was mushier. Yesterday silver rose while gold fell slightly, today that was reversed. This bespeaks some confusion in the market. The big sellers have shot their wad without being able to break the market further.

Sellers are disappearing. Both silver and gold charts are beginning to display marks of rounding bottoms. If you haven't already bought, buy now. On the nervous side, I don't welcome the $38 & $34 drops in platinum & palladium today. Maybe other markets are bracing themselves for a stock drop?

On this date in 1919 the U.S. Senate rejected the Treaty of Versailles (& the League of Nations). That was before they had learned their globalist duty, back when they still had spines.

On this day in 1993, on the other hand, the US Senate voted for the North American "Free Trade" Agreement (NAFTA), doing its utmost to reduce the American economy to 5th World status. What a difference a spine makes!

Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.

- Franklin Sanders, The Moneychanger

"Buy Silver and Gold Coins at:"
The-MoneyChanger.com

To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate in a bubble, primary trend way down.

Expect a Strong Gold and Silver Price Rally to Begin Soon - Accelerating After the New Year

Gold Price Close Today : 732.60
Change: -9.30 or -1.3%

Silver Price Close Today : 9.550
Change: 22 cents or 2.4%

Gold Silver Ratio: 76.71
Change: -2.806 or -3.5%

Dow Industrials: 8,424.75
Change: 151.17 or 1.8%

US Dollar Index Today: 87.21
Change: 0.27 or 0.3%

Another day in which the Nice Government Men painted the tape. The gold price refused to drop below $732, but was "closed" at $732.60, then promptly began climbing to 738 - 741 now (16:50 CST). Stocks were "up" (raise volume on canned applause in the background) by 151 huge points. The silver price closed up 22 cents, then rose another 20 cents in the aftermarket. The US DOLLAR INDEX rose 27 basis points to close at 87.21.

The closes in silver and gold smelled even stranger because the silver price "closed" up 22 cents while the gold price "closed" down $9.30. Confusion in the market, or just a painted tape? Confusion would indicate silver and gold prices are faltering, but for some reason I can't quite put my finger on (besides my fundamental, abiding, deep-seated, and absolutely certain distrust of the yankee government) today's trading did not seem weak or wavering at all.

At the bottom line, the silver price improved its Thursday key reversal again today, while the gold price remained high enough to keep from endangering the key reversal. All remains on track.

Looking ahead, there shouldn't be more than a couple of weeks to run on the dollar's rally. Expect a strong gold and silver price rally to begin soon and wade through the end of the year, accelerating after the new year. A rally is due to begin in stocks, probably by end-November, which will give you, quite literally, "one last chance" to escape stocks.

It remains very difficult to get silver and gold. Shipments of silver are late. From day to day I don't know what we will have available to sell. It's a very small door into gold and silver: y'all better crawl through while you've got a chance.

Following is a small quotation from a courageous Tennessean (ah, but I repeat myself) addressing the 2nd Bank of the US, the banksters of our day. Jackson was not, however, offering them any bailouts or favours:

Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves . . . I intend to rout you out, and by the Eternal God I will rout you out!

Just try to imagine one of those Washington traitors or running dogs of the banksters saying those words today. Only reply they know to banksters, is "Yes" & "How much?"

Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.

- Franklin Sanders, The Moneychanger

"Buy Silver and Gold Coins at:"
The-MoneyChanger.com

To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate in a bubble, primary trend way down.

Expect Higher Silver and Gold Prices this Week

Gold Price Close Today : 741.90
Change: -0.50 or -0.1%

Silver Price Close Today : 9.33
Change: $16 cents or 7.1%

Gold Silver Ratio: 79.52
Change: -1.442 or -1.8%

Dow Industrials: 8,273.58
Change: -223.73 or -2.6%

US Dollar Index Today: 86.93
Change: -0.49 or -0.6%

The key reversals upward posted last Thursday in SILVER and GOLD PRICES
prices remain in place. The silver price is weaker and must not close below $9.20, but it should manage. I suspect today's lackluster metals performance (the gold price up 50 cents and the silver price up 16 cents) stemmed from shorts returning form their weekend and placing new positions. Expect higher silver and gold prices this week. As long as that key reversal holds, you can safely buy, because the bottom has been made.

There was no big news today, other than the new announcements of massive layoffs, auto manufacturers bailout, and more bank bail outs, but something sure made both stocks and the US Dollar index sick.

Stocks appear to have contradicted their key reversal last Thursday by closing below Thursday's 8,835 Dow close, down today 224 to 8,274. The Dow tried twice to pierce 8,900 and failed twice. It closed today virtually on the day's low. Unless it reverses upward tomorrow, the Dow is headed much lower.

Some force is hammering the US DOLLAR INDEX above 87.5. With two lower tops (88+ & 87.5) the dollar has the look of having topped. Only a rise above 88 would put the fear of lower prices behind the buck.


Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.

- Franklin Sanders, The Moneychanger

"Buy Silver and Gold Coins at:"
The-MoneyChanger.com

To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate in a bubble, primary trend way down.

Key Reversal in the Gold Price put in Yesterday and Today with Today's Higher Close is a Very Reliable Sign of a Bottom

Gold Price Close Today : 742.40
Change: 37.50 or 5.3%

Silver Price Close Today : 9.490
Change: 69 cents or 7.8%

Gold Silver Ratio: 78.23
Change: -1.873 or -2.3%

Dow Industrials: 8,497.31
Change: -337.94 or -3.8%

US Dollar Index Today: 87.42
Change: 0.74 or 0.9%

Imagine that you loaned someone $50,000 to invest in a gold mine in Sierra Leone. Now imagine that he calls you after a month & tells you he spent $25,000 on the gold mine, but then changed his mind. He now thinks that's a bad idea, so he's going to invest in a hog farm in Iran.

You would probably get busy rummaging through your bureau for your .357 magnum to go eliminate this problem, but you can't do that when the incompetent who borrowed the money turns out to be secretary of the US treasury, & the loaner is congress, & the dough amounts to $700 billion.

So, now, tell me: how much faith do y'all have that the government & the Fed know what they're doing? Or that they are likely to find a quick "cure" for the economic crisis? Pondering how Paulson has been handing out money to his bank buddies, one wonders whether he's merely attempting to look incompetent while in fact looting the treasury for his friends.

But let that pass & let's think about markets this week. We got an object lesson in why a "key reversal" consists of TWO parts. First, there is the break into new low territory with a higher close for the day. Second, that must be confirmed by a higher close the next day.

Stocks didn't make the second step. Yesterday they traded to a new low for the move, then closed sharply higher. However, the profit takers didn't trust that gain to hang around until Monday, so sold like rip today, down 338 to 8,497.31 on the Dow.

If stocks drop again Monday, then the pain has not ended.

The US Dollar Index rose today, 74 basis points to 87.42, on no news or some news, I can't tell. Who knows what's moving it nowadays. My goal for the scrofulous currency is about 90, and then reality will set in.

Tomorrow the heads of state & finance ministers of the Gang of 20 will meet in Washington to re-arrange the "international financial architecture" to bless all of us peons. O, thank you, Massa, thank you! Watch out. Something really bad could be spawned there.

SILVER and GOLD shone this week. What? Y'all ask? The silver price dropped 47 cents this week. Means nothing. The gold prie rose $9.20 for the week to close at 742.40. The silver price closed at $9.49. More important, however, is the key reversal put in yesterday and today with today's higher close. This is a very reliable sign of a bottom, that can only be contradicted by a lower close. The gloom is off the rose for metals, so you can buy with much greater confidence now.

Long term outlook remains unchanged: much lower for stocks & the dollar, much higher for silver & gold. Look through the fog to the horizon. Steer straight.


Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.

- Franklin Sanders, The Moneychanger

"Buy Silver and Gold Coins at:"
The-MoneyChanger.com

To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate in a bubble, primary trend way down.

Silver and Gold Prices Showed First Elements of Key Reversals Today

Gold Price Close Today : 704.90
Change: -$12.80 or -1.8%

Silver Price Close Today : 8.800
Change: 68 cents or -7.2%

Gold Silver Ratio: 80.10
Change: 4.396 or 5.8%

Dow Industrials: 8,835.25
Change: 552.59 or 6.7%

US Dollar Index Today: 86.69
Change: 1.06 or 1.2%

Crazy -- absolutely crazy. Silver and gold prices were down heavily at the close -- silver down 68 cents to 880 and gold down 12.80 at $704.90. Yet in the aftermarket, right now, gold is trading at 734.70, up $30 over the close and $20 over yesterday, and silver costs $9.47, up 67 cents or the entirety of today's drop.

Some news must have come out that I can't see, because the US Dollar index has dropped in the last hour about 60 more basis points, on top of the 42 it had lost already, to drop below 87 at 86.685.

Meanwhile stocks, after dropping 400+ points by 1300 hours, closed up 552.59 points at 8,835.25. Lately markets seem a seesaw, with stocks, silver, and gold moving together opposite the dollar. Logical? Nope, not at all, unless you figure that those desperate for dollars must liquidate stocks & metals to get them.

As I have been explaining for years, the chance that the US government would again confiscate gold as it did in the 1930s is a little less than the chance you will be abducted by aliens from the planet Zambodia on your way home today. As the saying goes, Where the corpse is, there will the vultures gather. Where is the corpse of wealth today? In retirement accounts, wherefore it surpriseth not that the Democrats have been holding hearings wherein an "expert" suggested that the US government should confiscate IRAs & 401(k)s and have the Social Security Administration (world-class shining example of financial probity and success) manage them for you. Nope, I didn't make this up. See www.carolinajournal.com/exclusives/dems-target-private-retirement-accounts.html

Looks like the US national motto will be changed from "In God We Trust" to "Let The Stealing Begin." Man, I love socialism. It's so, so, practical. Where else could you find all the worst points of both sadism & masochism?

Do NOT miss what happened today in silver and gold. These were dramatic first elements of key reversals. Silver and gold prices need only close higher Friday to complete the key reversals. Today's $8.80 close gives the silver price a double bottom with the earlier $8.79 close, and the gold price seems to be finishing the right shoulder of an inverse head and shoulders formation, with the neckline at $750. I don't recollect an aftermarket surge this strong, which implies that a definitive bottom has been placed. Therefore, buy silver and gold. By the way, stocks also made the first step of a key reversal, and a rally may follow from here that could last up to four months and give you a chance to get out of any remaining stocks.

Dear Readers, I certainly hope you aren't mimicking the mass of Americans who are hiding their heads in the sand, rather than facing what the present economic crisis may mean. If so, stop kidding yourselves. These bad debts and bad investments cannot be cleared in less than a decade. Best gird up your loins and prepare to run a long, hard race.

Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.

- Franklin Sanders, The Moneychanger

"Buy Silver and Gold Coins at:"
The-MoneyChanger.com

To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate in a bubble, primary trend way down.

The Gold Price Now Stands Right at its Last Two Lows - This isn't Good, as it has the Smell of Breaking Down Further

Gold Price Close Today : 717.70
Change: -$14.30 or -2.0%

Silver Price Close Today : 9.480
Change: 32.5 cents or -3.3%

Gold Silver Ratio: 75.71
Change: 1.051 or 1.4%

Dow Industrials: 8,282.66
Change: -411.30 or -4.7%

US Dollar Index Today: 87.61
Change: 0.37 or 0.4%

SILVER and GOLD PRICES dropped today on the close, then dropped more in the aftermarket. The gold price closed down 14.30 to 717.70 while silver dropped 32.5 cents to close at $9.48. In the aftermarket as I write gold is trading at 709.90 and silver at 930. Gold/Silver ratio stands at 76.33.

(An encouraging footnote to this is the performance of the Dow in Gold Dollars (DiG$) and the Dow in Silver Ounces. Both are trending downward, and stand not much below the last lows, so swapping stocks for silver and gold has proven a better bargain than holding stocks.)

The gold price now stands right at its last two lows. This isn't good, as it has the smell of breaking down further. Silver stands higher above its previous low, but today its trading wasn't precisely inspiring. Hold on and watch to see how this will resolve.

Logic has fled the scene and events randomly pile on each other without apparent connection or cause. Comrade Treasury Commissar Paulson informed congress today that having spent about $300 billion of the dough from the bailout bill, he was changing his mind and spending the rest on something else instead of "troubled" assets (a.k.a. mortgage backed securities).

For the first time in history, the Fed, FDIC, Comptroller of Currency, and Office of Thrift Supervision issued a joint statement that warned banks they had better spend, or else. Oh, it was dressed up in muddy bureaucratese, but the message was clearly, "Lend, or we will twist your tail until you do lend!"

And in the face of these Mafia antics from government, the US dollar rose 37 basis points.

Logic, where art thou? Reason, where hidest thou thyself? Common sense, art thou drowned in the deeps? Events have become "a tale told by an idiot, full of sound and fury, signifying nothing."

Stocks keep on falling and falling. Today the Dow dropped 411.30 to 8,282.66 while the S&P fell 40.84 to 858.11. November hasn't ended yet, and neither has this crash leg in the stock market. Could drop to 7,250 Dow, even lower before a reaction rally begins.


Now hear what John Kenneth Galbraith once said, "I'm sure a crash like 1929 will happen again. The only thing is that one doesn’t know when. All it takes for another collapse is for the memories of the last insanity to dull."

Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.

- Franklin Sanders, The Moneychanger

"Buy Silver and Gold Coins at:"
The-MoneyChanger.com

To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate in a bubble, primary trend way down.

Silver and Gold Prices are Both Fighting a Stronger Dollar - Don't Let it Bother you: the Dollar's Days are Numbered

Gold Price Close Today : 732.00
Change: -$13.60 or -1.8%

Silver Price Close Today : 9.805
Change: 41.5 cents or -4.1%

Gold Silver Ratio: 74.66
Change: 1.701 or 2.3%

Dow Industrials: 8,693.96
Change: -176.58 or -2.0%

US Dollar Index Today: 87.17
Change: 1.20 or 1.4%

Ouch! Stocks look ready to drop off the cliff again. I hope y'all have sold yours already.

The US DOLLAR INDEX is creating problems for silver and gold prices. Looks like the dollar has finished a correction & broken out upside again into what will probably mark the last leg of its rally. How long might it last? Oh, say, two months, or about to the end of December. Everybody tends to sober up come January 2.

The GOLD PRICE is trending upward (despite today's lower close at $732, down $13.60), but needs that close above $750.

Today's action was mushy, just not terribly enthusiastic. Never mind -- the gold price is building a flat-topped, rising triangle, which formation usually breaks out to the upside. Silver's chart resembles gold, and also shows an uptrend with a flat-topped rising triangle. Today's close at $9.805 might have broken down out of that formation, or it might merely be testing the trend.


But check out the silver price versus the GYX (Index of Industrial Metals).


Silver is now holding its own after dropping from July to mid-September. Since then it has climbed back against the industrial metals to exceed both the July and MARCH highs. More proof that the demand driving silver is monetary, not industrial. Very good sign.



Silver and gold prices are both fighting a stronger dollar. You can hardly expect them to shine on a day when the dollar index gains 120 basis points, now can you? Don't let it bother you: the dollar's days are numbered.

Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.

- Franklin Sanders, The Moneychanger

"Buy Silver and Gold Coins at:"
The-MoneyChanger.com

To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate in a bubble, primary trend way down.

Gold Price Must Cross $750 and The Silver Price Must Cross $10.50 Before They Can Make any Headway

Gold Price Close Today : 745.60
Gold Price Close October 31: 716.80
Change: $28.80 or 4%

Silver Price Close Today : 10.22
Silver Price Close October 31: 9.73
Change: 49 cents or 5%

Gold Silver Ratio: 72.95
Gold Silver Ratio October 31: 73.67
Change: -0.71 or -1.0%

Dow Industrials: 8,870.54
Dow October 31: 9,337.75
Change: -467.21 or -5.0%

US Dollar Index Today: 85.979
US Dollar Index October 31: 85.647
Change: 0.332 or 0.4%

I've been away traveling since 30 October, but you can see from the above table that stocks have continued to shed points, the US dollar index is flat, while silver and gold prices have risen 5% and 4%.

Realistically you ought to be factoring in a rise in the US dollar index. How much it will rise (thanks to the goosing of the Nice Government Men) I can't say, but I still expect to see 87.5 or 88 out of it before it fails. How long can this continue? Another couple of months, I suspect, but keeping the dollar up is like trying to levitate an anvil. It won't last too long, although as long as it remains high it will slow down silver & gold like a headwind. Be patient, get out of US dollars.

Stocks are not going to improve for any length of time before they make another plunge downward, and then they'll spend the next 10 years trying recover. As I've been advising since 2001, get out of stocks.

SILVER and GOLD PRICES have troubles of their own. The gold price has put in what appears to be a double bottom around $713, which is fine progress. But what about moving up now? Gold's line in the sand is US$750. It must cross that line first before it can make any headway.

SILVER's comparable line in the sand is $10.50. Until the silver price crosses that line, the market will remain sceptical. Unlike gold, silver has not made a double bottom, which gives my brain (if not my heart) pause. Will it make another bottom to balance that single one at 880 cents? It might, but the double top in the Gold/Silver Ratio slightly above 84 suggests that silver has already done all the bottoming that it intends to. Real progress would be marked if the ratio closed below the recent low at 70.94.

Long term the outlook hasn't altered one little bit. The Fed and the US government have pumped so much credit and money into the system that a stunning inflation (if not outright hyperinflation) most surely will hit. Brace yourself for it.

Biggest bogey on the horizon is the meeting of heads of state and finance ministers on 15 November in Washington for a "new Bretton Woods." Considering that Bretton Woods directly de-industrialized the US by placing its manufacturers at a permanent exchange rate disadvantage, one strains to wonder what sort of evils might be spawned by a second Bretton Woods. One strains, and one laments one's lack of imagination.

Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.

- Franklin Sanders, The Moneychanger

"Buy Silver and Gold Coins at:"
The-MoneyChanger.com

To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate in a bubble, primary trend way down.

Keep Your Eyes On the Long Horizon - Good for Silver & Gold

Gold Price Close Today : 737.20
Change: -15.60 or -2.1%

Silver Price Close Today : 9.785
Change: -0.20 or -0.2%

Gold Silver Ratio: 75.34
Change: -1.437 or -1.9%

US Dollar Index Today: 84.82
Change: 0.27 or 0.3%

Don't let the last couple of days fool you: there's plenty of volatility left in all markets, and plenty of downside in stocks. Markets may go dead and dull in the next few days before the election, but since electing Barack the Self-Righteous or McCain the Warmaker cannot make one bit of difference, markets will resume their natural courses the day after.

The Dollar regained a bit today, but still is correcting. Remains to be seen whether it has reached the top of its upside correction, right now a 50/50 proposition.

SILVER and GOLD PRICES gave back a bit of yesterday's great gains, with gold taking the big hit down $15.60 to $737.20. Silver dropped only 2 cents to $9.785 cents.

More interesting was the 90%-coin premium dropping some 70 cents, from $3.50 to $2.80. That whispers that more silver supply is available than recent high premiums have suggested, and it won't take spot silver at $20.00 to draw it out. Rather, it will begin coming out around $11.50 - $12.00. Not a "bad" development, just another reminder to stay away from high-premium physical silver.

Still time to swap gold for silver. Yes, I would do that trade.

Keep your eyes on the long horizon. Colossal inflations of money & credit by Fed's & Treasury's attempts to "fix" financial crisis will inevitably cause colossal dollar inflation, if not hyperinflation. Bad for stocks, bad for dollars, euro, & yen, but good, good, good for silver & gold.

Worst specter we have on the horizon is the 15th of November meeting of heads of state and finance ministers in Washington for a "new Bretton Woods." Noises coming out of that event are full of globalism and more "Big Brother must watch you across borders because you are probably doing something you shouldn't be doing" talk. They could cook up something bad, really bad, even worse than Bretton Woods, and that is a real challenge.

No matter, let 'em rage. "The earth is the Lord's, and the fullness thereof."

Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.

- Franklin Sanders, The Moneychanger

"Buy Silver and Gold Coins at:"
The-MoneyChanger.com

To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate in a bubble, primary trend way down.

A Leeetle Rate-Lowering Announcement From the Fed and the US Dollar Index Came A-Tumblin Down

Gold Price Close Today : 752.80
Change: 13.50 or 1.8%

Silver Price Close Today : 9.805
Change: 1.015 or 11.5%

Gold Silver Ratio: 76.78
Change: -7.330 or -8.7%

US Dollar Index Today: 84.50
Change: -1.72 or -2.0%

My, O, my, all it took was a leeetle rate-lowering announcement from the Fed & the US Dollar Index came a-tumblin' down. Dropped 172.4 basis points today, another 100 bp yesterday, who knows what she'll do tomorrow.

We remember the proverb, "What goeth straight up soon goeth straight down." Dollar must be acting in accord with its true fundamentals, which are the same as a drowning man floating in the Pacific Ocean wearing a steel helmet and having 200 lb. anvils tied to each foot.

Yet another example of the straight-up-straight-down was displayed in the stock market today. Opened up 2.79, rose 298.2 points, yet closed down 83.63, losing a total of 381.83 points, although up & down. Here, I suspect, we have an example of why you have to keep your head trading & stifle your emotions. Fed announced a rate cut, the unsophisticates reacted by buying with both hands, the sophisticates waited until newbies had hung themselves out to dry, then sold into their naïve hands, all the way down.

Reminds me of another proverb my friend Barry P., world's most disciplined trader (well, nearly) taught me: "In a bear market, money returns to its rightful owner." Oh, and once last proverb, also fitting, from Barry P.:"The market is not benevolent." Believe it or not, I have those proverbs right on my wall where I see them every day. It helps my humility problem. And so reminds me not to toot my own horn when I have a day where I hit the market EXACTLY on the head & begin to think I am pretty smart, before being market-smacked again.

The SILVER PRICE did indeed turn around yesterday, and today added -- hear this! -- $1.015! Closed at $9.805! Not to be outdone, the GOLD PRICE closed at $752.80, up $13.50, but gold was in fact outdone because the Gold/Silver ratio dropped to 76.79. Most likely course from here is a little drop-back, then a run higher.

Here are some gold numbers to watch, barriers or milestones upside: 1st target is $786, last low; then $800.61, 17 day moving average; then $828, August low & September correction low; then the 300 DMA at $850. Of course, $850 is The Big Number on its own, the 25 year resistance and top of the 1980 bull market.

The silver price milestones to watch: $10.50 first. That marked lows in August, September, & October (till it broke). Next comes $11.7, the August 2007 [sic] low; $12.46, the 50 DMA, & at last $13.50-70, the September high.

The Dow in Silver Ounces dropped 136.73 oz today! Remember as you watch this run that a high probability remains that after a run-up that makes everybody grin, a correction will come. That is the one we have to watch, because as long as it holds above yesterday's low, the silver price has bottomed.

In 1929 this day became Black Tuesday as prices collapsed on the New York Stock Exchange, wiping out thousands of investors. What is it the French say? "The more this changes, the more it stays the same."

Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.

- Franklin Sanders, The Moneychanger

"Buy Silver and Gold Coins at:"
The-MoneyChanger.com

To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate in a bubble, primary trend way down.

Gold and Silver Prices Have Now Bottomed

Gold Price Close Today : 739.30
Change: 2.40 or -0.3%

Silver Price Close Today : 8.79
Change: -40.5 cents or -4.4%

Gold Silver Ratio: 84.11
Change: 3.444 or 4.3%

US Dollar Index Today: 86.31
Change: -0.96 or -1.1%

Bonjour, artistes! Yet another lovely day of "painting the tape."

Behold! The SILVER PRICE made a new low at -- gasp! -- $8.46, but of course, that was painting for the public. You and I mere mortals couldn't buy it there. After a spike low to $8.45, then a nice, picturesque close down 40.5¢ at $8.79,and Whoops! Aftermarket jumps 41¢ to $9.20.

If that after market had been a close, it would have laid down the first two pieces of a Key reversal, a break into lower ground followed by a higher close. I'm willing to count it as that, provided it closes higher tomorrow. Me, I bought silver today.

Gold's trading today was just as bogus as silver's. It made a "low" at $728, then "closed" (wink! Wink!) at $739.30, down $2.40, but in the aftermarket is now trading at $748.90, up $9.60 My, my, what a pretty picture!

The US DOLLAR INDEX flopped 96 basis points today, on scuttlebutt (no doubt scuttled by the Fed . . . er, never mind, the Fed itself) that the Fed intends next week to slash interest rates to stimulate more borrowing. Since interest rates are the prime determinant of currency exchange rates, announcing you are lowering interest rates to 4 years lows wouldn't really boost the dollar, now would it?

I warned y'all before about mad-dog volatility, & now we have it. Dollar up 120 bp one day, down 100 the next, and the stock market up 889 today to 9065.12. Mercy, you'd have thought it went to 20 thousand they way the Wall St. shills crowed. Lo, beware the bear market rally, sudden, sharp, strong --- and short. More downside to stocks yet, much more.

Seems to me that gold and silver prices have now bottomed, but in a market this volatile, keep your powder dry.

Here's something odd. Friend told me today he went to a big convention of (ought to be) smart people last week, and not a single person seemed at all concerned about the financial crisis. Well, no real surprise, since they have been brainwashed by public education, government, & media to trust their "leaders" to take care of them. Course, they may belch & swallow hard when they see those IRAs & pension accounts down 30 - 40%.

Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.

- Franklin Sanders, The Moneychanger

"Buy Silver and Gold Coins at:"
The-MoneyChanger.com

To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate in a bubble, primary trend way down.

Confirmation is Needed, but it Now Appears that Silver and Gold Prices Have Made an Important Bottom

Gold Price Close Today : 741.70
Change: 12.60 or 1.7%

Silver Price Close Today : 9.195
Change: -10 cents or -1.1%

Gold Silver Ratio: 80.66
Change: 2.223 or 2.8%

US Dollar Index Today: 86.94
Change: 0.58 or 0.7%

On Friday I meant to mention but omitted that the gold price rose even in the teeth of a 120 basis point rise in the dollar.

From Friday we were looking for the finishing component of a key reversal in the gold price, namely, a higher close today. We got it: the gold price closed up $12.60 at US$741.70. However, the silver price closed down 10 cents at $9.195. However, gold weakened off in the aftermarket, but only to about $733. Again, the gold price rose in the teeth of the US DOLLAR INDEX rising 58 basis points today to close at 86.935.

Obviously confirmation is needed, but it now appears that silver and gold prices have made an important bottom. Premiums are still crazy high, deliveries are 3 weeks to 16 weeks, so silver and gold markets remain under fierce buying pressure.

Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.

- Franklin Sanders, The Moneychanger

"Buy Silver and Gold Coins at:"
The-MoneyChanger.com

To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate in a bubble, primary trend way down.

I Would Be Buying Gold and Silver Right Now - Before the US Hyperinflation is Over, You'll Be Glad You Did

Gold Price Close Today : 729.10
Change: -15.80 or 2.2%

Silver Price Close Today : 9.295
Change: -20.5 cents or -2.2%

Gold Silver Ratio: 78.44
Change: 3.356 or 4.5%

US Dollar Index Today: 86.46
Change: 1.56 or 1.8%

Okay, so here's yet another week like you've never seen before, & probably never will again -- yet with changes. I have what may be momentous news, but more of that later.

Like Dagon of old, the god of this world -- the state -- keeps falling on its face. Despite the best efforts of Olympus/Washington, the stock market keeps on falling, and right now at least, nobody much believes it will ever rise again, at least for now. Stock markets overseas are taking the failure of their god very hard -- Euro markets dropped 10-1/2% today, I heard.

STOCKS have not finished crashing yet -- crashes run six to eight weeks, and this one only started at September's close. Oh, my, once 8000 gives way, the waterfall will begin. This could reach all the way into the 6000s [sic].

The US DOLLAR INDEX rose today 155 basis points to 86.46. It will probably go higher, but remember that markets that go straight up also come straight back down. Not much telling how high it will go logically, but around 87.75 it will begin hitting heavy resistance. Will that be enough to stop the panic into dollars? Who knows, but this won't last forever, & when the panic ends, gravity will take over.

The GOLD PRICE may have bottomed today. Right. Here's the evidence from today. Early today (9:30 EDT) it traded to a new low for the move, $691.85. From that bottom the daily chart does not "recover", it exploded, gapping up through $700 all the way to $712. More, the few trades at the low occurred after a small gap down, leaving an island reversal. Then the gold price closed at US$729.10, up 15.80. Setting aside the gap & island reversal, the break to a new low with higher close fulfills two of the three marks of a key reversal. Only missing ingredient is a higher close the next trading day, which must come on Monday. On top of this, gold's low this week could be a double bottom with the 11 September low at $744.10 (or it could be the head in a reverse head & shoulders bottom.)

Add to gold's performance silver's antics this week. The Gold/silver ratio turned down and dropped sharply( Down -5.89 or -7.0% from 84.33 on the 17th of October to 78.44 today), an encouraging sign. Then the silver price rose on days when gold sold off. That pattern changed today, when the silver price actually dropped in the face of gold's rise, but caught near the last low ($9.31 on 17 October). Remember also that in June 2006 the low off the spring 2006 high was $9.595 not far from this week's lows.

So we have a possible key reversal in the gold price (watch Monday's close for final confirmation) & a possible double bottom in the silver price. This is a clearer, and better, technical picture than we've had in three weeks.

Physical gold prices have still de-coupled from paper (futures) gold prices, a suspicious circumstance that smells like the stink of the Nice Government Men manipulating prices. The paper silver price closed today at $9.295, but physical silver at wholesale one ounce silver rounds cost $11.53, while US 90% silver coin cost $13.938 an ounce. The only silver we can get is US 90%, silver rounds, and thousand ounce silver bars.

Decoupling has occurred in gold as well. With the paper gold price at $729.10, the only forms of physical we can find are Mexican 50 pesos, Austrian 100 coronas, British sovereigns, French 20 francs, & one ounce .9999 gold bars, and most of those are on 8-12 week delivery. If you want to wait 12 weeks, you can buy physical gold for $756.70 (as 1 oz bars or Mex 50s). If you want immediate delivery (as sovereigns) you'd pay US$816.69 at wholesale. Forget getting American Eagles at any price until next year.

So while the crisis tornado appears to be gaining speed for stocks, silver and gold prices may (I stress "may") have bottomed this week. Bottomed or not, I would be buying gold and silver right now. Before the US hyperinflation is over, you'll be glad you did.

Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.

- Franklin Sanders, The Moneychanger

"Buy Silver and Gold Coins at the Best Prices"
The-MoneyChanger.com

To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate in a bubble, primary trend way down.