Wednesday, November 21, 2012

The Gold Price Has Begun it's next Huge Rally Stop Waiting and Buy Now

Gold Price Close Today : 1727.90
Change : 4.70 or 0.27%

Silver Price Close Today : 33.344
Change : 0.421 or 1.28%

Gold Silver Ratio Today : 51.820
Change : -0.520 or -0.99%

Silver Gold Ratio Today : 0.01930
Change : 0.000192 or 1.00%

Platinum Price Close Today : 1581.40
Change : 10.90 or 0.69%

Palladium Price Close Today : 650.70
Change : 12.95 or 2.03%

S&P 500 : 1,391.03
Change : 3.22 or 0.23%

Dow In GOLD$ : $153.57
Change : $ 0.18 or 0.12%

Dow in GOLD oz : 7.429
Change : 0.009 or 0.12%

Dow in SILVER oz : 384.98
Change : -3.45 or -0.89%

Dow Industrial : 12,836.89
Change : 48.38 or 0.38%

US Dollar Index : 80.94
Change : 0.053 or 0.07%

The Silver and GOLD PRICE proved yet again that they have no intention of dropping further. They bounced off yesterday's lows and closed near today's highs. Gold closed $1.727.90, up 4.70, after a $1,731.46 high and $1,721.68 low. Silver gained 42.1 cents to 3334.4c. High was 3338c and low 3286c. Mark that the ratio dropped to 51.820 today from 52.340 yesterday. I remind y'all that a FALLING gold silver ratio accompanies a RISING gold and silver market.

The GOLD PRICE and SILVER PRICE have begun their next huge rally. Buy now, stop waiting. Much higher prices loom.

I wasn't going to write a commentary today, but my son said so many people called about my complaint yesterday about the US Post Office changing the rules on insured packages, I'd better explain further.

They are no longer paying claims for bullion or currency shipped by "Insured Mail." This is not the same as "Registered Mail With Postal Insurance." Registered mail must be signed for every time it changes hands, so very, very rarely goes lost. "Insured Mail," on the other hand, might as well have a label that says, "Steal me, you can get away with it."

The US Post Office has NOT stopped insuring gold or silver shipped by "Registered Mail with Postal Insurance." My wife Susan specifically asked that question.

Only real solution is to get private insurance and use UPS or Fed-Ex.

Today the US dollar index firmed up 4.6 basis points to 80.941. Big news was the yen, which gapped down again, ending the day down 1% at 121.16 cents to Y100. Euro moved sideways to $1.2827, up 0.08%.

Currencies: US$1=Y82.54=E0.7796=0.029990 oz silver= 0.000579 oz gold.

Stocks did nothing dramatic today, edged up as traders flattened position before the long weekend.

May God bless all of you this Thanksgiving with grateful hearts.

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.