Friday, July 06, 2012

The Gold Price Down $25.10 for the Week Closing Today at $1,578.40

Gold Price Close Today : 1,578.40
Gold Price Close 29-Jun : 1,603.50
Change : -25.10 or -1.6%

Silver Price Close Today : 2688.9
Silver Price Close 29-Jun : 2758
Change : -69.10 or -2.5%

Gold Silver Ratio Today : 58.701
Gold Silver Ratio 29-Jun : 58.140
Change : 0.56 or 1.0%

Silver Gold Ratio : 0.01704
Silver Gold Ratio 29-Jun : 0.01720
Change : -0.00016 or -1.0%

Dow in Gold Dollars : $ 166.56
Dow in Gold Dollars 29-Jun : $ 166.05
Change : $ 0.51 or 0.3%

Dow in Gold Ounces : 8.057
Dow in Gold Ounces 29-Jun : 8.032
Change : 0.02 or 0.3%

Dow in Silver Ounces : 472.97
Dow in Silver Ounces 29-Jun : 467.01
Change : 5.96 or 1.3%

Dow Industrial : 12,717.60
Dow Industrial 29-Jun : 12,880.09
Change : -162.49 or -1.3%

S&P 500 : 1,348.79
S&P 500 29-Jun : 1,362.16
Change : -13.37 or -1.0%

US Dollar Index : 83.410
US Dollar Index 29-Jun : 81.627
Change : 1.783 or 2.2%

Platinum Price Close Today : 1,446.80
Platinum Price Close 29-Jun : 1,449.10
Change : -2.30 or -0.2%

Palladium Price Close Today : 578.85
Palladium Price Close 29-Jun : 583.05
Change : -4.20 or -0.7%

The Moneychanger is happy to report that his wife is recovering exceedingly speedily from her heart surgery on 3 July. She had her mitral valve replaced and her tricuspid valve repaired, so maybe that will hold her for another 20 years.

While she was in the pre-operative suite just before surgery her surgeon came in and told us he would probably have to replace her mitral valve with a pig valve. Then he looked at me seriously and said, "There are just two problems with that." I braced myself, and he went on. "First, every time it rains she'll want to go outside and wallow in the mud. Second, if she gets loose in a cornfield you'll never get her back." I'll take that chance.

The speed and strength of Susan's recovery astonishes everyone -- utterly like the last surgery 4 years ago. She was out of CVICU in about 24 hours, and if all goes well can go home Saturday.

I credit her swift recovery to God's grace and your prayers, and I most heartily thank you for your generous concern. Please forgive me for not answering all your emails personally. Believe me, I have read them all with gratitude. God willing I will return Monday with a full commentary.

Meantime, don't let today's decline rattle you. The SILVER and GOLD PRICE and silver remain well within bullish grounds, and are only building a platform for a rally later. paper gold and silver products. These are not for the inexperienced.

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

- Franklin Sanders, The Moneychanger
10:00am-5:00pm CST, Monday-Friday

© 2012, The Moneychanger. May not be republished in any form, including electronically, without our express permission.

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 bubble has burst, primary trend down.

WARNING AND DISCLAIMER. Be advised and warned:

Do NOT use these commentaries to trade futures contracts. I don't intend them for that or write them with that short term trading outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures.

NOR do I recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or another may go up in smoke. Unless you can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary of traps.

NOR do I recommend trading futures options or other leveraged paper gold and silver products. These are not for the inexperienced.

NOR do I recommend buying gold and silver on margin or with debt.

What DO I recommend? Physical gold and silver coins and bars in your own hands.

One final warning: NEVER insert a 747 Jumbo Jet up your nose. No, I don't.