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Friday, December 26, 2008

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 Franklin@the-moneychanger.com 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:




Monday, December 22, 2008

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.



Friday, December 19, 2008

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.



Thursday, December 18, 2008

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.



Wednesday, December 17, 2008

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.



Tuesday, December 16, 2008

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.



Monday, December 15, 2008

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.



Friday, December 12, 2008

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.



Wednesday, December 10, 2008

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.



Tuesday, December 09, 2008

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.



Thursday, December 04, 2008

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.



Wednesday, December 03, 2008

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.



Tuesday, December 02, 2008

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.



Monday, December 01, 2008

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.