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Wednesday, February 29, 2012

Gold Price Close Today $1,709.90 Down $77.10

Gold Price Close Today : 1,709.90
Change : -77.10 or -4.5%

Silver Price Close Today : 34.58
Change : -2.56 or -7.4%

Platinum Price Close Today : 1,691.10
Change : -30.90 or -1.8%

Palladium Price Close Today : 706.65
Change : -13.10 or -1.9%

Gold Silver Ratio Today : 49.45
Change : 1.33 or 1.03%

Dow Industrial : 13,005.12
Change : 23.61 or 0.2%

US Dollar Index : 78.19
Change : -0.38 or -0.5%

Franklin Sanders has not published any commentary today, if he publishes later it will be available here.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 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.



Tuesday, February 28, 2012

The Gold Price Gained $13.47 to Close Comex at $1,787 a New High Close for the Move

Gold Price Close Today : 1787.00
Change : 13.47 or 0.76%

Silver Price Close Today : 3714.00
Change : 161.6 cents or 4.55%

Gold Silver Ratio Today : 48.115
Change : -1.810 or -3.62%

Silver Gold Ratio Today : 0.02078
Change : 0.000753 or 3.76%

Platinum Price Close Today : 1716.80
Change : 12.20 or 0.72%

Palladium Price Close Today : 721.75
Change : 19.00 or 2.70%

S&P 500 : 1,372.18
Change : 4.59 or 0.34%

Dow In GOLD$ : $150.44
Change : $ (0.85) or -0.56%

Dow in GOLD oz : 7.278
Change : -0.041 or -0.56%

Dow in SILVER oz : 350.16
Change : -15.26 or -4.18%

Dow Industrial : 13,005.12
Change : 23.61 or 0.18%

US Dollar Index : 78.25
Change : -0.321 or -0.41%

Once again today the GOLD PRICE and the SILVER PRICE followed a day with higher silver/lower gold by jumping skyward.

The GOLD PRICE gained $13.47 to close Comex at $1,787, a new high close for the move. Gold is pushing through tough thickets here. High at $1,789.34 wasn't much higher than last Thursday's $1,787.18. Clearly resistance is growing as gold moves toward 1805. Gold is tolerably overbought, but shows no sign of breaking yet.

SILVER leapt a huge 4.6% today, 161.6c, to 3714c. Will silver rage forever?

Silver hit the November high about 3960c and never looked back until it closed Comex 161.6c higher at 3714c. Mercy! It's above its 50, 20, 300, and 200 day moving averages, how much more UP could momentum point?

Has silver hit tall cotton permanently? This move might carry as high at 3950c - 4000c, but hard to imagine it rising higher than that.

Arguing against further rise soon is that rising wedge-ish shape on silver's chart, built since mid- and end-December. Today's price hit the upper boundary of that wedge, which stretches us to assume that silver will also punch thru that boundary and keep on rising to 3950c or better. Might, but will have to trade higher that 3745 (today's high) all day tomorrow and hath not the odds on its side.

GOLD SILVER RATIO today dropped to 48.115. Folks keep on writing to ask me if I am still waiting for 57.5 to swap silver for gold. Answer is, I am. Maybe we missed it back in December when it ALMOST traded at 57.5, but I never made money chasing any market. Besides, y'all are in gold now, and it's rising a-plenty. Be patient. When a market is boiling over like silver right now, it tends to soften your brain and cloud your judgment. BICBW, and I often am.

I will be out of town tomorrow and so will not publish a commentary. Back Thursday, D.V.

On Wall Street today jubilators jubilated jubilantly because the Dow closed above 13,000 for the first time since May 2008 when the crisis "began" (I pass over this universally swallowed canard in the interest of time, but y'all understand that the crisis "began" with the real estate bubble bursting, or was it with Greenspan pumping up the money supply to make up for the stock market bubble bursting, or and so on and so on back to the Fed's founding in 1913).

On the other hand, Un-jubilators will notice the large rising wedge in the Dow, sure harbinger of a breakdown to come. Dow gained 23.61 today (0.18%) to close at 13,005.12. S&P500 added 4.59 (0.34%) to 1,372.18.

SPECIAL OFFER

RE-ESTABLISH YOUR OWN GOLD STANDARD.

Back in the days of the gold standard, one US gold dollar virtually equaled two Mexican gold pesos (0.04834 vs. 0.04823 oz), and both were struck in 90% fineness (21.6 karat).

The Mexican Mint, Casa de Moneda de Mexico, has been striking gold and silver coins since 1535, and although Mexico went off the gold standard ages ago, they still mint all the gold coins of the old peso series: 50 pesos, 20 pesos, 10 pesos 5 pesos, 2-1/2 pesos, and 2 pesos.

I like these small Mexican coins because they are small enough to be useful in barter, they're widely traded and recognized, and they carry a low premium over gold content, unlike most small coins. Usually dealers want to charge a high premium for the smaller Mexican coins, too, but I just buy cheap when I can and throw them back until I have a pile.

Now I have a pile, of 2-1/2 pesos (0.0603 oz, about 1/16 oz), 5 pesos (0.1206 oz, about 1/8 oz), and 10 pesos (0.2411, about 1/4 oz).

With spot gold at $1,787, I can sell these at a premium of only 3% over gold content.

Now pay close attention and don't let this confuse you. I am selling these in lots of SIXTY (60) gold pesos (contains 1.4469 oz pure gold). That's 24 each 2-1/2 pesos, or Twelve each five pesos, or Six each ten pesos, or ANY COMBINATION THEREOF amounting to sixty (60) gold pesos (1.4468 oz fine gold),

plus $25 per order shipping.

So 24 ea. Gold 2-1/2 pesos @ $111 ea. = $2,664 + 25 = $2,689.00

Also 12 ea gold 5 pesos at $222 ea. = $2,664 + 25 = $2,689.00

Also 6 ea. Gold 10 pesos at $444 ea. = $2,664 + 25 = $2,689.00

If you want to order a specific mixture, I will fill those orders as they come in, but reserve the right to send any mixture of coins totaling 1.4468 oz fine gold (60 gold pesos) per lot, and will try to put some of the smallest coins into each order.

Yes, you may order as many lots as you please, but I'm sorry, no re-orders or back-orders at these prices. Offer ends when my supply runs out.

Special Conditions:

First come, first served, and no re-orders at these prices. I will enter orders based on the time I receive your e-mail at .

We will not take orders for less than the minimums shown above.

All sales on a strict "no-nag" basis. We will ship as soon as your check clears, but we allow Two weeks (14 days) for your check to clear. Calls looking for your order two days after we receive your check will be politely and patiently rebuffed. If you want faster shipping, please send a wire.

Spot gold basis for all prices above is $1,787.00. ORDERING INSTRUCTIONS:

1. You may order by e-mail only to . No phone orders, please.

Your email must include your complete name, address, and phone number. We cannot ship to you without your address. Sorry, we cannot ship outside the United States or to Tennessee.

Repeat, your email must include your complete name, address, and phone number. Our clairvoyant quit without warning last week and I stumbled and dropped my crystal ball, smashing it to pieces, so we can no longer read your mind.

2. Orders are on a first-come, first-served basis until supply is exhausted.

3. "First come, first-served" means that we will enter the orders in the order that we receive them by e-mail.

4. If your order is filled, we will e-mail you a confirmation. If you do not receive a confirmation, your order was not filled.

5. You will need to send payment by personal check or bank wire (either one is fine) within 48 hours. It just needs to be in the mail, not in our hands, in 48 hours.

6. We allow fourteen (14) days for personal checks to clear before we ship. If your hurry is greater than that, you can send a bank wire. Once we ship, the post office takes four to fourteen days to get the registered mail package to you. All in all, you'll see your order in about one month if you send a check.

7. Mention goldprice.org in your email.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 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.



Monday, February 27, 2012

The Gold Price May Fall to $1,745 Touching the September Downtrend Before Shooting up

Gold Price Close Today : 1775.10
Change : (9.80) or -0.55%

Silver Price Close Today : 3533.80
Change : 21.80 cents or -0.61%

Gold Silver Ratio Today : 50.232
Change : 0.032 or 0.06%

Silver Gold Ratio Today : 0.01991
Change : -0.000013 or -0.06%

Platinum Price Close Today : 1704.60
Change : -8.20 or -0.48%

Palladium Price Close Today : 702.75
Change : -8.60 or -1.21%

S&P 500 : 1,365.74
Change : 2.29 or 0.17%

Dow In GOLD$ : $151.19
Change : $ 0.82 or 0.55%

Dow in GOLD oz : 7.314
Change : 0.040 or 0.55%

Dow in SILVER oz : 367.39
Change : 2.20 or 0.60%

Dow Industrial : 12,982.95
Change : -1.96 or -0.02%

US Dollar Index : 78.31
Change : -0.511 or -0.65%

The Silver and GOLD PRICE spake today with forkéd tongue, but we've learned that these ambiguities often resolve in higher prices next day. But judge for yourselves:

The GOLD PRICE pared off $1.50 to settle at $1,773.60 while the SILVER PRICE gained 18.6c to 3552.40 after a 3559c high and defending 3500c at a 3499c low. None of this tells us much.

Gold was blocked today at $1,779.19, and has made lower tops since Thursday. I'm included to write this off as a normal shallow correction after that big gain to Thursday's high. For gold that $1,760 level is key support because it was at $1,760 that it leapt up to $1,780 in one day (Wednesday last).

Looking at the longer term chart, I can picture that the GOLD PRICE is making a minor correction in its uptrend, may fall to $1,750 or $1,745 for a Final Kiss Good-bye at the downtrend line from the September top, and from thence will roar past your eyes like the Blue Angels. A drop below $1,735 would disappoint and gainsay that expectation.

SILVER PRICE resembleth not gold. It has created a resistance ceiling at 3560 since last Thursday, and keeps on bumping against that. Today it backed off to 3500c, and conceivably it might back off to 3480c. Yet my eyes keep screaming into my ears that silver feels strong as a garlic-milkshake. (How's that for synesthesia-chocked metaphors and similes?) This ceiling pattern reminds me of the same figure silver traced out at 3450c -- before it smashed that barrier.

Early this week may show silver and gold slightly lower as they digest last week's new highs, but they have lost none of their enthusiasm. This ought to prove another week of higher closes at the last.

Behold! A couple of articles y'all might want to read (he said, employing gross understatement): http://www.huffingtonpost.com:80/l-randall-wray/new-yorks-us-bankruptcy-c_b_824167.html The other is at www.thebubblebubble.com/european-housing-bubble/

The first explains that the company the banks set up to speed up bundling mortgages for securitization, Mortgage Registration Electronic Services (MERS), was found by a US bankruptcy judge to have bungled transferring mortgages. Bottom line is that papers proving the mortgages have disappeared, and "no mortgage paper, no mortgage, no foreclosure." This proves my contention that the reason the banks entered into the $25 bn agreement with state attorneys general was so they could perfect their bad title into good title by re-writing the mortgages. "Please don' t'row me in dat brier patch, B'rer AGs!" Likewise it means that millions of people with underwater mortgages might find themselves the owners of a house, for free, with no mortgage, and a plethora of banks will be sucking wind like a worn out pump with all gaskets blown.

The second concerns that world wide real estate bubble y'all thought had burst. Think again! Article outlines European countries -- most of 'em -- where the bubbles were blown as big or bigger as the US but have NOT YET burst. This does not exactly argue that "happy days are here again."

Finally, this is not exactly the speech I gave last Friday in Somerville, but contains the same ideas in greater detail. You will find "Restoring Freedom in Tennessee" at http://farmersandfreeholders.org/2011/06/27/restoring-freedom-in-tennessee/

TODAY'S MARKETS:

Just like an old mangy tomcat, the US dollar index has, it seems, nine lives. I counted it dead on Friday because its body had been thrown over the fence of 78.36. Yet today, here it came, clawing up onto the porch again, ears all chewed up, patches of fur missing, one eye swollen shut, lacking a couple of front fangs, but still going. Dollar index rose today 17.8 basis points to 78.59, up 0.23% and above the morale-killing 78.50 mark -- that is, it kills morale when the dollar falls below that.

So all said, the mangy and scrofulous dollar remains in the game. A break below 78.35 would send it hurtling toward its 200 day moving average, now 76.97.

Reality paid a visit to the Euro today, and slapped it down 0.35% to 1.3400. Might be that Friday's intraday high, 1.3486, marked the rally's top, but who knows with currencies? Parsing currencies is like trying to shoot skeet off the back of a bass boat in a windstorm with the government sneaking blanks into your shotgun shells.

Yen continues to recover from its slide. Closed up 0.66% today at 124.15c/Y100 (Y80.55/US$1). So bad overbought its cousins and in-laws are overbought. Bound to rally some.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 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.



Friday, February 24, 2012

Is the Gold Price Targeting $2,036 in this Present Move?

Gold Price Close Today : 1,775.10
Gold Price Close 17-Feb : 1,724.60
Change : 50.50 or 2.9%

Silver Price Close Today : 3533.8
Silver Price Close 17-Feb : 3321.6
Change : 212.20 or 6.4%

Gold Silver Ratio Today : 50.232
Gold Silver Ratio 17-Feb : 51.921
Change : -1.69 or -3.3%

Silver Gold Ratio : 0.01991
Silver Gold Ratio 17-Feb : 0.01926
Change : 0.00065 or 3.4%

Dow in Gold Dollars : $ 151.18
Dow in Gold Dollars 17-Feb : $ 154.86
Change : $ (3.69) or -2.4%

Dow in Gold Ounces : 7.313
Dow in Gold Ounces 17-Feb : 7.492
Change : -0.18 or -2.4%

Dow in Silver Ounces : 367.36
Dow in Silver Ounces 17-Feb : 388.97
Change : -21.61 or -5.6%

Dow Industrial : 12,981.62
Dow Industrial 17-Feb : 12,919.87
Change : 61.75 or 0.5%

S&P 500 : 1,366.07
S&P 500 17-Feb : 1,361.23
Change : 4.84 or 0.4%

US Dollar Index : 78.308
US Dollar Index 17-Feb : 79.327
Change : -1.019 or -1.3%

Platinum Price Close Today : 1,712.80
Platinum Price Close 17-Feb : 1,638.00
Change : 74.80 or 4.6%

Palladium Price Close Today : 711.35
Palladium Price Close 17-Feb : 695.00
Change : 16.35 or 2.4%

The Silver and GOLD PRICE both backed away today, but after the week we've seen -- up 6.4% for SILVER and up 2.9% for GOLD -- who would that amaze?

The GOLD PRICE gave back $9.80 to close at $1,775.10 while silver gave up 21.8c to end at 3533.8c.

My friend MH and someone else wrote me today asking why I hadn't said anything about the upside down head and shoulders in silver and gold. Well, I am now going to say something about them.

If upside-down head and shoulders indeed, then the GOLD PRICE is targeting $2,036 and silver 4335c.

Right, those are targets for this move presently underway. A lot of upside is left to this move.

When y'all are buying physical silver or gold, remember one thing: OVER TIME, PREMIUM ALWAYS DISAPPEARS.

I realize that many dealers will recommend you buy only the silver and gold American Eagles, but remember they are selling out of their inventory, not out of your best interest.

I've been at a market peak, and at the top nobody cares what KIND of ounces you have, only HOW MANY. Always stick with the lowest cost items, which right now means US 90% silver coin in silver and in gold, Austrian 100 coronas, Mexican 50 pesos, and Krugerrands.

And for heaven's sake, don't let anybody tell you, "It's different this time," because it never is. That's why the premium on US $20 gold pieces has collapsed in the last 12 years.

Today I must leave early, so am bringing you not the closes, but the prices at 1:00 p.m. CST. Metals prices are closes.

Market on Friday had to digest the week's gains, so didn't move very much. This can easily be charged off to traders flattening their positions before the weekend, and shows no trend change.

STOCKS are bumping up against an iron ceiling and cannot penetrate Dow 13,000. Don't know if top will come here -- although that's quite likely -- or in a week or two slightly higher. Looks to me that stocks have run out of steam and are rolling over.

But since stocks are in a bear market, I don't want to own them anyway.

Today's close marks a new low for the US dollar index, and argues that the downtrend will continue -- argues right forcefully. Euro rose 0.71% today to 1.3464. Move probably limited to 1.3630, a 61.8% correction of the preceding drop, but right here at the 50% level it might stop as well. No hope of good news from Europe. Yen gained 0.66% today to 123.69c (y80.85/US$1), but that's no surprise. Decline completed.

Y'all enjoy your weekend!

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 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.



Thursday, February 23, 2012

Gold Price is Climbing up the December Low and Should Break Above it Tomorrow

Gold Price Close Today : 1784.90
Change : 14.90 or 0.84%

Silver Price Close Today : 35.556
Change : 1.300 cents or 3.79%

Gold Silver Ratio Today : 50.200
Change : -1.470 or -2.85%

Silver Gold Ratio Today : 0.01992
Change : 0.000567 or 2.93%

Platinum Price Close Today : 1724.10
Change : 1.75 or 0.10%

Palladium Price Close Today : 716.80
Change : -5.65 or -0.78%

S&P 500 : 1,363.45
Change : 5.79 or 0.43%

Dow In GOLD$ : $150.38
Change : $ (0.71) or -0.47%

Dow in GOLD oz : 7.275
Change : -0.034 or -0.47%

Dow in SILVER oz : 365.20
Change : -12.51 or -3.31%

Dow Industrial : 12,984.91
Change : 46.24 or 0.36%

US Dollar Index : 78.65
Change : -0.565 or -0.71%

Surprise! the GOLD PRICE rose $14.90 (0.84%) to $1,784.90. The SILVER PRICE did not punish my impatience in buying yesterday, but confirmed my suspicions with a 130c jump through the 300 DMA to 3555.6c, up 3.9%!

This broke the GOLD PRICE through the fan-line drawn from the September high to the February high, a fan-line already raised from the November high. Gold is climbing up the backside of the uptrend line from the December low, and should break above it tomorrow. In fact, it should hit $1,805 (November high) tomorrow. From there we either get a correction (or maybe a rise to $1,825 and then a correction) or the ride gets wild indeed. (today's high came at $1,787.18).

Stepping back and looking at a three-year chart, the GOLD PRICE peak in early September at $1,923.70 appears to have completed an A-B-C correction, so unless gold gainsays that will a fall through its 150 day moving average, I will work on that presupposition.

I don't know what was holding silver back, but nothing could hold it today. After it hit 3559c, it dropped only pennies to close at 3555.6c

This is textbook stuff now. SILVER has punched through its 50, 20, 300, and 200 DMAs. Momentum is nearly as UP as it gets. It also broke through internal resistance about 3440. What can go wrong?

Only this: Silver's Relative Strength Indicator is at 72.11, well above the 70 overbought mark. Also, the MACD appears to be topping.

Still, hard to see how silver will not reach 3950c before it pauses for a correction.

Every news item about gold is not a cause for hysteria or proof of a conspiracy, although many internet writers view them so. Take for instance the Zero Hedge article today, "PROJECTED PIIGS PILLAGE: 3233.5 Tons of Gold TO BE CONFISCATED BY INSOLVENT EUROPEAN BANKS."

Ahh, first of all when a lender reclaims property from a borrower it's not called "confiscate" but "foreclose."

Second, when the country voluntarily makes its gold reserves liable to seizure for debt default, it stretches vocabulary to call that a confiscation.

Third, the Greek population is not about to lose its gold, as the article claims, since the individuals of the population do not own the gold, the government or the central bank does, quite different persons. Individual Greeks, I feel sure, will hold on to their gold quite tightly.

The article claims that the Greek sellouts -- the technocrats installed to engineer the bank bailout -- are making or have made changes to the Greek constitution that allows the creditor banks to "plunder" the Greek gold," amounting to 111.6 tonnes (3.583 million oz.)

Tyler Durden then bootstraps off all these claims to aver with "100% certainty" that the other PIIGS countries will be plundered of their 3,234 tonnes of gold (103 mn oz).

But where is the surprise, and where is the confiscation? These borrowers made themselves slaves to the lender, the banks, who control their respective governments and the EU. Did anyone believe that the banks would not strip these lands of every asset, private and public, when they couldn't repay? What is as cold as a banker's heart?

And when you lose the collateral, it's not confiscation it's bankruptcy and foreclosure.

What is truly surprising and grotesque here is not that the bankers are sucking Greece dry and impoverishing the people, making debt slaves of the nation. Rather, it is surprising that the Greeks so mildly accepted the technocrat(s) the bank imposed on them as their government and that they don't rise up in arms to overthrow them all. Now that is truly amazing.

But what do I know? I can barely operate a computer and am still not too hot at tying shoes.

The euro today surged on better than expected German economic data. That took the euro above the last high (1.3322s) and sets it up to retrace at least 50% of its November - January fall, targetting 1.3435.

That news was enough to panic folks out of the US Dollar. The dollar index lost 56.5 basis points, a hefty 0.73%, to end at 78.646. Alas, for you dollar holders, that took the dollar below its 20 DMA (79.11) and bends momentum downward. Don't write the Samolean off just yet, though. As long as it abides above 78, it holds the hope of higher prices. It is drawing nigh its last low (78.36), though, where it must either buy a ticket or get off the bus.

As I suspected, the yen rallied 0.39% off its close yesterday to end at 125.09c/Y100 (Y79.94/US$1). It could rally to fill several gaps all the way up to 128.6. That ought to end its downward bias for a while.

This stock thing causes pain in the watching. Today the Dow reached 12,996 -- almost, but not quite that 13,005 high of Tuesday. I suspect a lot of people, stuck with losing stock positions, view 13,000 as their flashing Green light to get out of stocks.

Dow rose 46.24 (0.36%) to 12,984.91, but notice that the Dow In Gold Dollars fell again. Nor did the S&P500 reach its Tuesday glory, but closed up 5.79 (0.43%) to 1,363.45.

Folks get antsy when they look only at stocks and see how much they've climbed since March 2009, overlooking that silver and gold have climbed much, much more. When you view the Dow divided by silver or gold you can see stocks' steady downward trend.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 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.



Wednesday, February 22, 2012

Gold Price up $12.90 with a new Intraday High of $1,781.54

Gold Price Close Today : 1770.00
Change : 12.90 or 0.73%

Silver Price Close Today : 3425.4
Change : -17.5 cents or -0.51%

Gold Silver Ratio Today : 51.673
Change : 0.637 or 1.25%

Silver Gold Ratio Today : 0.01935
Change : -0.000242 or -1.23%

Platinum Price Close Today : 1722.35
Change : 35.25 or 2.09%

Palladium Price Close Today : 722.45
Change : 11.85 or 1.67%

S&P 500 : 1,357.65
Change : -4.55 or -0.33%

Dow In GOLD$ : $151.11
Change : $ (1.41) or -0.93%

Dow in GOLD oz : 7.310
Change : -0.068 or -0.93%

Dow in SILVER oz : 377.73
Change : 1.14 or 0.30%

Dow Industrial : 12,938.67
Change : -27.02 or -0.21%

US Dollar Index : 79.21
Change : 0.170 or 0.22%

Precious metals give us pause to think. In spite of superb strength in the GOLD PRICE -- up $12.90 today to $1,770, new intraday high of $1,781.54 -- and great antics out of platinum and palladium, the SILVER PRICE still hath not breached that 300 day moving average. Silver, in fact, lost 17.5c to end at 3425.4c, after a 3448c high, stymied yet again at the 300 DMA, today at 3469c.

It's an antsy deal, trying to parse silver's pattern. Could be a rounding top, rolling over, or a broadening top. On the positive side, all the other metals are tugging silver up, calling silver to play catch-up, and once it penetrated that 300 DMA, twill play catch-up with a vengeance.

Logic says to buy after the breakout, even when it looks as sure as this one, but I never can resist, and often buy high in punishment for my hubris and impatience.

Always a good idea to lift your head up and take a wide look around, instead of keeping your nose pointed groundward. We did that yesterday, and it warned us that stocks were faltering, and that gold was poised to jump. Ahh, but looking around today reveals a disquieting disharmony in the metals, too.

Stocks sank beneath the surface from the dawn of day and never reached high enough to take a breath. Dow Jones Industrial Average sank 27.02, 0.21%, to 12,938.67; S&P500 kept it company by falling 4.55 (0.33%) to 1,357.66. More instructive still, the Dow in Gold Dollars fell today G$1.41 (0.068 oz).

Five day Dow chart shows a market that has rolled over, and unless it can breach -- convincingly -- 13,000 and stay there, 'twill play the Titanic.

But y'all don't listen to me. I don't know a thing compared to them geniuses in Washington and on Wall Street. I didn't even get shoes till last year.

If the Japanese yen has not exhausted its downmove today, I can't see why not. In the last three weeks it has cascaded from 131.52c/Y100 (Y76.03/US$1) to 124.57c (Y80.28/US$1). That's a 5.3% loss, a gigantic move in currencies. Don't know what's wrong, only that the market believes the yen has leprosy, and isn't touching it. Three gaps down in the last three trading days -- that's a flashing light that the end must be near.

US dollar index added 17 basis points (0.22%) to end at 79.214, still comfortably above 79. To advance farther, dollar needs to close above 79.50.

Euro rose today 0.1% to 1.3250, still not enough to beat the last (133.22) peak. If the euro can't do that, it is rolling over downward. And I wonder why the euro is not doing that, since the Greek problem has been "solved." What more good news awaiteth the euro? One wonders what more good news there even might be. Next big move will be down, I ween.

On Friday, 24 February, I will be speaking for the Fayette County (Tenn.) Tea Party at the Fayette County Courthouse, in the town square at Somerville, Tennessee. Party starts at 7:00 p.m., and the topic will be "Restoring Freedom by Rebuilding Local Economy." This may be your only chance to see a natural born fool from Tennessee live and outside captivity.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 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.



Tuesday, February 21, 2012

The Gold Price has the Wind in it's Sails Knocking Down Resistance Through $1,750 Can it Close Higher Still Tomorrow?

Gold Price Close Today : 1757.10
Change : 32.60 or 1.89%

Silver Price Close Today : 3441.30
Change : 121.3 cents or 3.65%

Gold Silver Ratio Today : 51.059
Change : -0.884 or -1.70%

Silver Gold Ratio Today : 0.01959
Change : 0.000333 or 1.73%

Platinum Price Close Today : 1687.10
Change : 49.10 or 3.00%

Palladium Price Close Today : 710.60
Change : 15.60 or 2.24%

S&P 500 : 1,362.21
Change : 0.98 or 0.07%

Dow In GOLD$ : $152.54
Change : $ (2.68) or -1.73%

Dow in GOLD oz : 7.379
Change : -0.130 or -1.73%

Dow in SILVER oz : 376.77
Change : -13.29 or -3.41%

Dow Industrial : 12,965.69
Change : 15.82 or 0.12%

US Dollar Index : 79.06
Change : 0.115 or 0.15%

Last three days of last week silver and the GOLD PRICE steadfastly refused to drop further, even though gold hit a low of $1,705.60 on 16 February -- and then closed $21 higher. Now we are left with the interpretation that both have been undergoing a correction within a rally, that the rally ain't over yet, and that gold will reach $1,805 or higher before the rally ends and a bigger correction sets in.

The GOLD PRICE today closed a little higher than its last peak, up $32.60 to $1,757.10 (versus $1,756.80 at the 2 February peak, when all this fun began). On Friday it closed at $1,724.60, so it knocked down all the gates of resistance around $1,730, $1,740, and $1,750. Hard to imagine that it won't follow through tomorrow with a higher close still. It closed near the high for the day ($1,759.43). Only thing that could gainsay higher prices and a continuing rally would be a close below $1,725 tomorrow. Otherwise gold has the wind in its sails.

Gold leapt 1.9% but the SILVER PRICE pulled on its 7-league boots and vaulted 3.7%! High came at 3445c, and silver closed near that at 3441.3c, up 121.3c.

Low last week arrived on Thursday at 3262c, then over the next three days the SILVER PRICE kept bouncing against 3360c, like a helium balloon patting on the ceiling. Once it cleared 3380c in Europe, it was bound to break 3400c and run higher in the US.

Pointing to better things still, silver has now reached its 300 day moving average (3468c) once again. 200 DMA is not much higher at 3495c. When silver crosses that line, buyers will pile on. Silver has in it 3570c at least, and maybe 3900c.

Unless contradicted by lower closes tomorrow, gold and silver will move higher.

On Friday, 24 February, I will be speaking for the Fayette County (Tenn.) Tea Party at the Fayette County Courthouse, in the town square at Somerville, Tennessee. Party starts at 7:00 p.m., and the topic will be "Restoring Freedom by Rebuilding Local Economy." This may be your only chance to see a natural born fool from Tennessee live and outside captivity.

When you put three men all anxious to get home to their wives in a car, you throw the brains right out the window. We started out from Houston Friday at 2:00 p.m. and arrived at my house at 5:30 a.m. Brainless.

Looking at markets, you can't afford to wear blinders. You have to look at markets that feed back on each other, and inwardly you have to look at more than a market's close. If something doesn't fit, that's probably because it really doesn't fit, and something is up.

Today, it appears for the nonce, that Greek Debt Deal was finally accepted. Just wait to see how permanent that is. Reports I hear from Greece indicate a level of economic suffering that can't be maintained.

Today came the answer to my riddle last week, Why have silver and gold not fallen further, following through on their repulse at $1,750? Answer is, Because they are strong, and haven't yet completed the upward move that began from the 29 December bottom.

Today the headlines crowed that the Dow hit 13,000, and it did, 13,005.04 as a matter of fact, highest since May 2008, but -- whoops! -- it didn't close near there. Meanwhile, if you merely glance at today's chart, you will notice that the Dow climbed up a mountain, then fell off the mountain from about 1:30 onwards, closing at 12,965.69, up only 15.82 points (0.12%) and 40 points lower than the high. Now glance over at the Dow in Gold Dollars, and you'll see that it in fact DROPPED G$2.68, about an eighth of an ounce and way below the last high.

Meanwhile, the S&P500 rose 0.98 point, a noteworthy 0.07%, to 1,362.21.

Now I will give y'all that if the Dow intended to clear 13,000, it might first bounce off and try again, but today's chart indelibly resembles a market running clean out of steam and fainting. I also wonder why amidst this general jubilating the NASDAQ dropped 0.11% and the Russell 2000 dropped 0.7%. Not everybody in the choir is singing the same tune. Why not?

The US dollar index gave up 11.5 basis points (0.15%) to close 79.058, down over 50 basis points from a week ago. The euro gained 0.75%, but the jubilators might want to notice that price didn't reach the last peak, which it must BEST to rally further. The yen has spent the last three weeks dropping. Today it dropped another 0.21% to 125.46c/Y100 (Y79.71/US$1).

Being no more than a natural born fool and not one of them genius economists, I am plain bumfuzzled by the popular belief that when the US dollar drops, it is good for stocks. But wait. If the dollar drops, that signals inflation or some monetary problem, and that introduces confusion into the entire economy, so explain to me exactly why the dollar dropping is good for stocks?

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 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.



Monday, February 20, 2012

The Gold Price Closed Down 0.1 Percent at $1,724.50

Gold Price Close Today : 1,724.50
Change : -2.30 or -0.1%

Silver Price Close Today : 3320.00
Change : 15 cents or -0.5%

Platinum Price Close Today : 1,631.30
Change : 7.80 or 0.5%

Palladium Price Close Today : 687.70
Change : -8.50 or -1.2%

Gold Silver Ratio Today : 51.94
Change : 0.16 or 1.00%

Dow Industrial : 12,949.87
Change : 45.79 or 0.4%

US Dollar Index : 79.38
Change : 0.05 or 0.1%

Franklin Sanders has not published any commentary today, if he publishes later it will be available here.

© 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.



Friday, February 17, 2012

The Gold Price is up $1.20 This Week Closing at $1,723.30

Gold Price Close Today : 1,724.50
Gold Price Close 10-Feb : 1,723.30
Change : 1.20 or 0.1%

Silver Price Close Today : 3320.00
Silver Price Close 10-Feb : 3357.00
Change : -37.0 cents or -1.1%

Platinum Price Close Today : 1,631.30
Platinum Price Close 10-Feb : 1,657.20
Change : -25.90 or -1.6%

Palladium Price Close Today : 687.70
Palladium Price Close 10-Feb : 702.65
Change : -14.95 or -2.2%

Gold Silver Ratio Today : 51.94
Gold Silver Ratio 10-Feb : 51.33
Change : 0.61 or 1.01%

Dow Industrial : 12,904.08
Dow Industrial 10-Feb: 12,890.46
Change : 13.62 or 0.1%

US Dollar Index : 79.33
US Dollar Index 10-Feb : 78.61
Change : 0.72 or 0.9%

Franklin Sanders has not published any commentary today, if he publishes later it will be available here.

© 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.



Thursday, February 16, 2012

The Gold Price Closed Today at $1,726.80

Gold Price Close Today : 1,726.80
Change : .50 or 0.0%

Silver Price Close Today : 3335.00
Change : -3 cents or -0.1%

Platinum Price Close Today : 1,623.50
Change : -12.10 or -0.7%

Palladium Price Close Today : 696.20
Change : 12.95 or 1.9%

Gold Silver Ratio Today : 51.78
Change : 0.06 or 1.00%

Dow Industrial : 12,780.95
Change : -97.33 or -0.8%

US Dollar Index : 79.62
Change : 0.19 or 0.2%

Franklin Sanders has not published any commentary today, if he publishes later it will be available here.

© 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.



Tuesday, February 14, 2012

Gold Price Remains in a Bull Market the Longer it Drags the More Likely it will Resolve Upwards

Gold Price Close Today : 1715.80
Change : (7.20) or -0.42%

Silver Price Close Today : 3332.60
Change : 37.0 cents or -1.10%

Gold Silver Ratio Today : 51.485
Change : 0.352 or 0.69%

Silver Gold Ratio Today : 0.01942
Change : -0.000134 or -0.68%

Platinum Price Close Today : 1629.90
Change : -20.10 or -1.22%

Palladium Price Close Today : 687.30
Change : -8.95 or -1.29%

S&P 500 : 1,350.50
Change : -1.27 or -0.09%

Dow In GOLD$ : $155.16
Change : $ 0.72 or 0.46%

Dow in GOLD oz : 7.506
Change : 0.035 or 0.46%

Dow in SILVER oz : 386.43
Change : 4.37 or 1.14%

Dow Industrial : 12,878.28
Change : 4.24 or 0.03%

US Dollar Index : 79.41
Change : 0.461 or 0.58%

The GOLD PRICE gave back $7.20 today and closed Comex at $1,715.80. The SILVER PRICE dropped a bit more, 37c to 3332.6. Ratio rose to 51.485.

In all this neither SILVER PRICE nor GOLD PRICE have violated the bottom boundaries which, if they cross, will drag them lower: 3300c for silver and $1,705 for gold.

It's a bull market. Remember that the longer anything drags on in a bull market, the more likely it is to resolve in the upward direction, because that is the market's tide.

The riddle remains, Why have silver and the GOLD PRICE not fallen further, followed through their repulse at $1,750? Is that strength speaking? Can they not be driven back further?

First, look at currencies. US dollar index today gained a hefty 46.1 basis points (0.5%), stealing it all from the yen and euro. Euro dropped 0.47% to 1.3126 and Yen plunged a massive 1.09% to 127.51c/Y100 (Y78.43/US$1). Dollar stands at the 20 day moving average's threshold (70.40) and tomorrow will open the door.

Stocks dithered. Dow gained 4.24 to 12,878.28, S&P500 lost 1.27 to 1,350.50, clearly confusion and weakness rule, and most of the day stocks were underwater. Only in the last few minutes Some Friend appeared, eager to buy. Wonder who that was?

I will be travelling tomorrow, Thursday, and Friday, February 15, 16, and 17. Monday 20 February is a holiday in the US, "The Monday Nearest Washington's Birthday." On Tuesday 21 February I must travel again, but will try to return in time to write a commentary.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 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.



Monday, February 13, 2012

The Gold Price Must Rise Above $1,730 Otherwise it Risks Falling as low as $1,650

Gold Price Close Today : 1723.00
Change : (0.30) or -0.02%

Silver Price Close Today : 3369.60
Change : 12.00 cents or 0.36%

Gold Silver Ratio Today : 51.134
Change : -0.192 or -0.37%

Silver Gold Ratio Today : 0.01956
Change : 0.000073 or 0.37%

Platinum Price Close Today : 1650.00
Change : -13.50 or -0.81%

Palladium Price Close Today : 696.25
Change : -17.50 or -2.45%

S&P 500 : 1,351.77
Change : 9.13 or 0.68%

Dow In GOLD$ : $154.46
Change : $ 0.92 or 0.60%

Dow in GOLD oz : 7.472
Change : 0.044 or 0.60%

Dow in SILVER oz : 382.06
Change : 0.80 or 0.21%

Dow Industrial : 12,874.04
Change : 72.81 or 0.57%

US Dollar Index : 78.97
Change : 0.115 or 0.15%

The Silver and GOLD PRICE are still stuck, and disagreeing today. The GOLD PRICE fell thirty cents [sic] to $1,723. Silver rose 12c to 3369.6c.

Those numbers look promising, but the chart doesn't. Unless gold begins to climb and rises first over $1,730 it will drop. Once it drops below $1,705, then it will go whole hog to $1,680 or $1,650.

On the other hand, if gold clears $1,730, it's back in the fight. RSI and MACD whisper gold is headed down, though.

The SILVER PRICE chart doesn't say much more than gold's, just has different boundaries. Upside silver must clear 3400c, and hasn't yet been to make that stick. Down below 3320c must hold, or silver will give up another dollar.

I reckon the clean up crews out sweeping up after fire-bombing protestors in Greece have left markets wondering whether the Greek Debt Deal is a done deal or not. Something about protestors throwing rocks and firebombs calls into question the parliament's vote.

Stocks rose a little while the US dollar, euro, yen, and silver and gold twitched sideways.

Dow Jones Industrial Average today rose 72.81 or 0.57% to 12,874.04. S&P rose 0.68% (9.13 points) to to 1,351.77.

Spooky how stocks dropped like your car keys down a well on Friday, then did what your car keys never do, popped right back up. Well, almost to the lip of the well, but not quite. The bounce didn't reach as high as Thursday, so this could promise two different outcomes, either extending the rally, or failing and falling.

Clue to which outcome will eventuate is the Dow's 20 day moving average at 12,734. That opens a deep and unforgiving mineshaft below the Dow.

And there is also more discouraging news from the MACD and RSI indicators, bumping up on highs and rolling over downward.

Currencies are all holding their breath, waiting to see what will happen in Greece. US dollar fell 11.5 basis points (0.15%) to 78.974, 'bout the same place it stood on Friday. Euro fell 0.03% (get out your microscope) to 1.3194, yen rose 0.04% to 128.92c/Y100 (Y77.57/US$1). Euro is trying to fall out of bed.

SPECIAL OFFER

Somebody asked me why, if I think gold will rise, I would sell gold coins. Simply because I make my living buying and selling gold, and if I held on to everything I bought, I'd be out of business in about two days.

But why these special offers? Because they offer some special value. Maybe I've been accumulating them for a while at lower prices, and so can sell them cheaper than usual, or maybe they just backed up in my inventory and I want to clean them out. Either way, my problem is your opportunity.

Today I have ONLY six US $20 gold pieces I have accumulated over time. You buy them as is. Remember, they contain only 0.9675 troy ounce fine gold. I priced them based on $1,723 spot gold, and the premium is shown with each.

The Liberty $20 gold was minted before 1907. The St. Gaudens from 1907 -1934.

MINIMUM PURCHASE: any Two (2) coins, plus $25 per order shipping. Any problems with the coins are fully described.

I'm not selling these as collector's items, but simply as gold coins at a small premium over their gold content. I am selling them "as is."

1. One 1879-S which might be an Extremely Fine grade but isn't because it has a heavy scratch on the obverse, $1,750.00 (a 5% premium over gold value).

2. One 1885-S which might be an EF grace but isn't because somebody cleaned it and it has scratches on the reverse, $1,750.00 (a 5% premium over gold)

3. One 1892-S Extremely Fine grade, no problems, $1,760.00, at 5.6% premium over melt.

4. One 1904 About Uncirculated, no problems, $1,780.00 or a 6.8% premium over gold value

5. One 1904 that surely would have graded VF but somebody polished it and it has a little edge bruise, $1,750.00 (a 5% premium over melt)

6. One 1924 (St. Gaudens type) About Uncirculated with a small scratch on the reverse, $1,780.00 (6.8% premium).

Sorry, no re-orders at these prices. Offer ends when my supply runs out.

Special Conditions:

First come, first served, and no re-orders at these prices. I will enter orders based on the time I receive your e-mail at .

We will not take orders for less than the minimums shown above.

All sales on a strict "no-nag" basis. We will ship as soon as your check clears, but we allow Two weeks (14 days) for your check to clear. Calls looking for your order two days after we receive your check will be politely and patiently rebuffed. If you want faster shipping, please send a wire.

Spot gold basis for all prices above is $1,723.00. ORDERING INSTRUCTIONS:

1. You may order by e-mail only to . No phone orders, please.

Your email must include your complete name, address, and phone number. We cannot ship to you without your address. Sorry, we cannot ship outside the United States or to Tennessee.

Repeat, your email must include your complete name, address, and phone number. Our clairvoyant quit without warning last week and I stumbled and dropped my crystal ball, smashing it to pieces, so we can no longer read your mind.

2. Orders are on a first-come, first-served basis until supply is exhausted.

3. "First come, first-served" means that we will enter the orders in the order that we receive them by e-mail.

4. If your order is filled, we will e-mail you a confirmation. If you do not receive a confirmation, your order was not filled.

5. You will need to send payment by personal check or bank wire (either one is fine) within 48 hours. It just needs to be in the mail, not in our hands, in 48 hours.

6. We allow fourteen (14) days for personal checks to clear before we ship. If your hurry is greater than that, you can send a bank wire. Once we ship, the post office takes four to fourteen days to get the registered mail package to you. All in all, you'll see your order in about one month if you send a check.

Mention goldprice.org in the email.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 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.



Friday, February 10, 2012

Gold Price Dropped $15.70 to Close at $1,723.30 from here $1,725 Becomes Resistance not Support

Gold Price Close Today : 1,723.30
Gold Price Close 3-Feb : 1,737.90
Change : -14.60 or -0.8%

Silver Price Close Today : 3357.6
Silver Price Close 3-Feb : 3372.5
Change : -14.90 cents or -0.4%

Gold Silver Ratio Today : 51.325
Gold Silver Ratio 3-Feb : 51.532
Change : -0.21 or -0.4%

Silver Gold Ratio : 0.01948
Silver Gold Ratio 3-Feb : 0.01941
Change : 0.00008 or 0.4%

Dow in Gold Dollars : $ 153.56
Dow in Gold Dollars 3-Feb : $ 152.99
Change : $ 0.56 or 0.4%

Dow in Gold Ounces : 7.428
Dow in Gold Ounces 3-Feb : 7.401
Change : 0.03 or 0.4%

Dow in Silver Ounces : 381.26
Dow in Silver Ounces 3-Feb : 381.39
Change : -0.12 or 0.0%

Dow Industrial : 12,801.23
Dow Industrial 3-Feb : 12,862.23
Change : -61.00 or -0.5%

S&P 500 : 1,342.64
S&P 500 3-Feb : 1,344.90
Change : -2.26 or -0.2%

US Dollar Index : 79.034
US Dollar Index 3-Feb : 78.959
Change : 0.075 or 0.1%

Platinum Price Close Today : 1,656.40
Platinum Price Close 3-Feb : 1,621.50
Change : 34.90 or 2.2%

Palladium Price Close Today : 702.20
Palladium Price Close 3-Feb : 705.90
Change : -3.70 or -0.5%

Today wasn't a banner day for silver or the GOLD PRICE, either. GOLD dropped $15.70 to $1,723.30 and silver lost 30.8c, ending at 3357.6c.

Both SILVER and the GOLD PRICE continue to dig in their heels and give little ground. Gold dropped as low as $1,705.2 today, but plainly many idlers sat at $1,705 waiting to buy gold, and did, so it shot right back up and ended the day clinging to $1,725 support -- a little over the edge, but clinging still. From here $1,725 will become resistance, not support.

SILVER's low today came at 3318, and it has given back almost all the week's gains and again faces 3300c.

Expect more weakness next week from both metals. When/if silver breaks 3300c, as it likely will, it will drop faster than gold, taking the gold/silver ratio higher. I would buy silver (or gold) whenever that ratio reaches 57.50. Gold is not likely to drop lower than $1,680 - $1,650, nor silver below 3000c.

The market is handing you a last chance buying opportunity. Don't let it pass you by.

'Twas not a good week for stocks or gold or anything else much. Almost as exciting as a market in August, but even a market going nowhere tells us something.

Stocks soldiered away this week trying to burst through that May 2011 high but in the end couldn't beat 12,900 -- it beat them. And the closing (or near closing) of the Greek Debt Deal did not, as stock salesmen and assorted well-paid touts have been promising, usher in Fat City For Stocks. Rather, it brought only weight loss, disappointment, and the search for another chimerical rationale.

Dow today fell 89.23 (0.69%) and barely held on above 12,800 at 12,801.23. Odd, odd, passing odd: the S&P500 lost EXACTLY the same percentage, 0.69%, as the Dow, settling at 1,342.64 (lower by 9.31).

Let's nail the lid down on this coffin tight. Dow today fell lower than the five-day low (12,780), to 12,743, and traded below 12,800 all day long, until some Nice Government Angel came in during the last minutes and drove the Dow over the psychologically critical round number, 12,800. A market that behaves this way will move lower and that right soon.

But y'all don't believe me. I'm just a natural born fool from Tennessee, not one of them pointy-toe shoe wearing smart fellers from Wall Street.

US dollar index traced out a rounding bottom on its chart this week, with a low around 79.40. Today it spent most of its time above the morale- building 79.00 level, and gained a note-worthy 46.8 basis points (0.6%) to close 79.034.

This week may well have marked an end to the dollar's decline. If so, early next week it will climb above its 20 day moving average (now 79.61).

Don't know what caused the delay, but the euro gapped down today instead of yesterday. Fell 0.65% to 1.3198. 'Tis perched on its critical 62 day moving average (1.3149). Euro will enjoy a painful week next week.

Yen bounced 0.1% today to close at 128.87c/Y100 (Y77.60/US$1). Sitting just above support at 128.50c, yen could plunge deeply.

Someone sent me a headline today that claimed gold had fallen off today because the euro fell. Media market commentaries are daily filled with this same logical fallacy, post hoc, ergo propter hoc. This happened after that, so that caused this. This is as well grounded as inviting your brother-in-law to wreck your car again because the day he wrecked it last time your lottery ticket won. Without demonstrating some causative chain, these headlines demonstrate the near perfect vacuum in the heads of those writing.

On 10 February 1535 twelve nude Anabaptists ran through the streets of Amsterdam. Some sort of religious statement? SPECIAL OFFER DUCATS!

These nearly pure gold ducats have been minted in about the same weight (0.1106) and fineness (23-2/3 karat or 98.6% pure) since Roger II of Sicily began minting them in A.D. 1140. Venice minted them as ducato, then zecchino, and Florence minted them as florins, all to the same standard, 3.5 grams of 23-2/3 karat gold. Yes, this is the same size coin you read about in Shakespeare's plays.

Today the Austrian mint strikes four-ducat and one-ducat coins, and the Dutch strike one-ducats.

The Austrian four-ducat contains 0.4438 troy ounce fine gold, the Austrian one-ducats 0.1107 oz. and the Dutch 0.1106 oz. I have priced all these as if they all contained 0.1106 troy ounce per ducat, at a Three percent (3%) premium over spot gold.

Here's the deal: you can buy any combination equalling Twenty (20) one ducats for $196.75 per ducat (that's $787.80 for a four ducat), $3,939.00 plus $25 shipping per lot for a total of $3,964.00 per lot.

Please note that I will try but NOT guarantee you get any certain mix. If you order one four-ducat and sixteen one-ducats, you might get three four-ducats and eight one-ducats, but each lot will equal 20 one-ducats in gold content.

Sorry, no re-orders at these prices. Offer ends when my supply runs out.

Special Conditions:

First come, first served, and no re-orders at these prices. I will enter orders based on the time I receive your e-mail.

We will not take orders for less than the minimums shown above.

All sales on a strict "no-nag" basis. We will ship as soon as your check clears, but we allow Two weeks (14 days) for your check to clear. Calls looking for your order two days after we receive your check will be politely and patiently rebuffed. If you want faster shipping, please send a wire.

Spot gold basis for all prices above is $1,723.30. ORDERING INSTRUCTIONS:

1. You may order by e-mail only to . No phone orders, please.

Your email must include your complete name, address, and phone number. We cannot ship to you without your address. Sorry, we cannot ship outside the United States or to Tennessee.

Repeat, your email must include your complete name, address, and phone number. Our clairvoyant quit without warning last week and I stumbled and dropped my crystal ball, smashing it to pieces, so we can no longer read your mind.

2. Orders are on a first-come, first-served basis until supply is exhausted.

3. "First come, first-served" means that we will enter the orders in the order that we receive them by e-mail.

4. If your order is filled, we will e-mail you a confirmation. If you do not receive a confirmation, your order was not filled.

5. You will need to send payment by personal check or bank wire (either one is fine) within 48 hours. It just needs to be in the mail, not in our hands, in 48 hours.

6. We allow fourteen (14) days for personal checks to clear before we ship. If your hurry is greater than that, you can send a bank wire. Once we ship, the post office takes four to fourteen days to get the registered mail package to you. All in all, you'll see your order in about one month if you send a check.

Y'all enjoy your weekend!

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 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.



Thursday, February 09, 2012

The Gold Price Rose $9.70 to $1,739 Gold Must Trade Through $1,750 Tomorrow and Close Above that Mark

Gold Price Close Today : 1739.00
Change : (9.70) or -0.55%

Silver Price Close Today : 3388.40
Change : 21.10 cents or 0.63%

Gold Silver Ratio Today : 51.322
Change : -0.610 or -1.17%

Silver Gold Ratio Today : 0.01948
Change : 0.000229 or 1.19%

Platinum Price Close Today : 1659.20
Change : -4.30 or -0.26%

Palladium Price Close Today : 709.40
Change : -4.35 or -0.61%

S&P 500 : 1,351.95
Change : 1.99 or 0.15%

Dow In GOLD$ : $153.23
Change : $ 0.94 or 0.62%

Dow in GOLD oz : 7.413
Change : 0.046 or 0.62%

Dow in SILVER oz : 380.43
Change : -2.19 or -0.57%

Dow Industrial : 12,890.46
Change : 6.51 or 0.05%

US Dollar Index : 78.61
Change : 0.037 or 0.05%

With the pressure off the euro, the silver and GOLD PRICE rose when one might expect that, fears removed, they would fall. They didn't.

The GOLD PRICE rose 9.70 to $1,739.00 and silver rose 21.1c to 3388.4c.

Although gold reached up and touched $1,750.96, it couldn't even hold on above $1,740. Oddly, too, in the aftermarket it slipped back to $1,730.80, and yesterday's aftermarket (when I checked it) was $1,730.60. For gold that score is "$1750 - two, Gold - zero." Two failures at the same level points to lower prices. To gainsay that gold must trade through $1,750 tomorrow and close above that mark.

Yet if the GOLD PRICE cannot beat the top of its range, the bottom of the range cannot beat gold, either. Once again today gold's low came at nearly the self-same spot in the $1,725.80s. If that level gives way, gold will seek $1,680, perhaps $1,650.

SILVER PRICE rose to 3388.4c -- good, but still range-bound, so no questions answered. Strong, yes, but not strong enough to break through 3450c resistance and make good its escape from the range. All I can see on the 5-day chart is a lower high today than yesterday's and a trap door at 3360 that silver had better not step through.

What makes all this so riddlesome is that silver and gold keep falling off without following through on the downside, but at the same time refuse to push on upwards. All this has the feel of burning up gas, spinning wheels, and lost momentum.

Oh, the long term outlook hasn't changed. Silver and gold remain in a bull market fueled by monetary demand, thanks to their best friends, the inflating central banks and deficit-spawning governments of the world. But for right now metals can't decide whether to swim or go boating.

Be patient.

On Friday, 24 February 2012 I will be speaking for the Fayette County (Tennessee) Tea Party, probably at the county courthouse in Somerville. I'll send y'all more details about time and exact place as soon as I get them. This is your chance to see a natural born fool from Tennessee in the flesh before they become extinct.

One thing y'all can always bet on: whenever the banks make a deal, it's to their advantage and the borrowers' disadvantage. Take today's much applauded deal between big banks and 25 state attorneys general over bank wrongdoing in foreclosures.

At the end of the day, it costs the banks nothing and secures their otherwise unsecured loans. Here's how: banks have no clear title to mortgages because when they securitized them and sold them, they were in too big a hurry to preserve a chain of clear title. Thus they sue to foreclose, and can't prove any mortgage, foreclosure thrown out.

So how does the deal help banks? Oh, they put up a paltry $1.5 billion for 750,000 illegally foreclosed homeowners to split amongst themselves, about $2,000 a head, peanuts.

Next the banks agreed to re-finance or "modify" $20 bn or so in existing mortgages "to prevent foreclosure." Now, let's see. #1, the banks create the whole $25 billion out of thin air. Cost to banks? Nothing. #2, banks now hold bad paper that offers no legal basis or claim for a mortgage, but banks generously -- be still, my beating heart! -- re-finance said mortgages, creating new paperwork that PERFECTS their bad title.

Yeah, buddy, that sounds like the banks gave up a truckload of goodies, swapping unclear title for perfect title they can now foreclose on legally, and all under the cover of a government-sanctioned deal. "Oh, puh-leez, B'rer Gummint, don't t'row me in dat old mortgage refinancing briarpatch! Puh-leez!"

I'm not even going to talk about the Great Greek Debt Deal. My Stupid Meter just blew a fuse and my Hogwash Detector is SMOKING. I can't take any more.

Whole investing world's been waiting on that Greek Debt Deal, but what happens when it arrives? Anticlimax. Stocks sputtered, euro spluttered, and silver and gold rose. Mmmmm. Welcome to the world of investor irrationality!

Five day stock charts offer neither charm nor enthusiasm. Dow is stuck, blocked, stymied by 12,900. Oh, it rose a MASSIVE 6.51 points (0.05%) today to close at 12,890.46, but I will be tactless and tacky enough to ask the sore question: "With the Greek debt-threat removed, why didn't stocks soar?" Maybe because their wings have been clipped? S&P acquitted itself a little better, closing 1,351.95, up 1.99 points or 0.15%.

If they do this in the green tree, what will they do in the dry? They won't bud and blossom, I can promise you that.

The US dollar index moved very little, dropping 5.4 basis points (0.07%) to 78.587, still hovering above that deathful 78.50 support. Don't get the idea it was a manic day, either with a high at 78.78 and a low at 78.36, it was a bore-fest.

With a 0.07% trading range from high to low, the euro wasn't where the action was today, either. Closed up 0.2% at 1.3285. You would have thought the scared shorts running away would have driven it up, but not at all. That implies -- if I were a guessing man -- that there weren't many shorts in the euro and that all the positions were longs expecting the Greek Deal. Now that they've shot that round, who's left to buy euros?

Meanwhile the yen gapped down again today, following through on yesterday's close below the 20 day moving average, and for good measure plunging clean through its 50 DMA as well. Closed near the bottom of the 3- month range. Close was 128.77c/Y100 (Y77.66/US$1), a hefty 0.82% fall. Yen is on the run.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 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.



Wednesday, February 08, 2012

Gold Price Lost $17.10 Today a Close Below $1,710 Will Drag Gold Further Down

Gold Price Close Today : 1729.30
Change : (17.10) or -0.98%

Silver Price Close Today : 3367.30
Change : 49.20 cents or -1.44%

Gold Silver Ratio Today : 51.356
Change : 0.239 or 0.47%

Silver Gold Ratio Today : 0.01947
Change : -0.000091 or -0.47%

Platinum Price Close Today : 1663.50
Change : 13.20 or 0.80%

Palladium Price Close Today : 713.75
Change : 6.30 or 0.89%

S&P 500 : 1,349.96
Change : 2.91 or 0.22%

Dow In GOLD$ : $154.01
Change : $ 1.59 or 1.04%

Dow in GOLD oz : 7.450
Change : 0.077 or 1.04%

Dow in SILVER oz : 382.62
Change : 5.68 or 1.51%

Dow Industrial : 12,883.95
Change : 5.75 or 0.04%

US Dollar Index : 78.61
Change : 0.037 or 0.05%

Both the GOLD PRICE and the SILVER PRICE fell back from the top of their recent trading ranges, gainsaying all yesterday's showy performance. GOLD PRICE fell $17.10 to a Comex close at $1,729.30 and silver tumbled right along with it, losing 49.2% to settle at 3367.3c.

GOLD PRICE jaws were slapped by a $1,751.50 high. It wasn't hit hard enough to fall below $1,725, but today argues that it will sink further. A close below $1,710 will drag gold much further down, and it remains plumb on its uptrend line, a precarious perch.

SILVER PRICE fell back to the 3360c support/resistance, leaving behind a pattern that looks awfully top-heavy and that has broken its uptrend line. Silver closed at 3367.3, near the day's low at 3362c.

If silver could punch through that 300 day moving average overhead at 3453c, then it could fly. However, the 300 DMA seems to be winning this wrestling match. A close below 3290c will confirm that silver is being thrown.

Got to be honest here, if a bit anxious. Silver has already made two bottoms at 2615c, and triple bottoms don't exist. Therefore t'would ease anxiety if silver dropped no further than its 50 DMA (3104c), then resumed climbing.

But we watch and wait for the market to tell us -- we don't tell the market. Surprises like today's, a sharp drop after a muscular climb, remind us of humility, and that markets can do whatever they want. Hence it is NOT unthinkable that silver might turn tomorrow and break upwards through the 300 DMA. I reckon a failure in the Great Greek Debt Deal might send money scurrying into gold unexpectedly. Given the euro's strength today, markets clearly expect the Greeks to buy the deal. If they do, it will be time to sell the euro again, because It Won't Get Any Better Than That for a while.

Well, once again today, a Greek Debt Deal is Near. Near, as in the comparative form of "nigh", meaning that it is more nigh that it was a week ago. Or, at least a default draws nigher.

Last on the euro is 1.3263, up 0.03% although no Debt Deal has yet been inked. 'Twould be a nasty awakening for all those folks who have gone long euros should the Greeks balk and the deal fall through.

US dollar index is holding its breath today, too. Rose a piddling 3.7 basis points (0.05%) to 78.613. Interesting that the dollar index still mulishly evades a decisive and plainspoken break through 78.50.

The yen, on the other ocean, had no problem sinking through its 20 DMA (130.15c) to 129.9c/Y100 (Y76.98/US$1), down 0.29%. Psychologically any close through a round number like "130c" smashes investor morale. Bottom of this range enters about 129.35c, the 50 DMA. Below that the range's bottom boundary crosses about 127.75c.

Stocks were displeased that the Greek Debt Deal drew no nearer, as they had been waiting on it all day. Dow ended up 5.75 points after spending most of the day lower, sort of like saying, "Well, look on the bright side -- at least your submarine didn't SINK." Dow closed at 12,883.95. S&P500 rose 2.91 to close at 1,349.96.

Pretty amazing that little Greece could discombobulate mighty Wall Street. Does that hide in its bosom a message?

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 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.



Tuesday, February 07, 2012

Gold Price Has Been on a Short Term Correction for the Last Three Days but Wants to Climb Higher

Gold Price Close Today : 1746.40
Change : 23.60 or 1.37%

Silver Price Close Today : 3416.50
Change : 44.30 cents or 1.31%

Gold Silver Ratio Today : 51.117
Change : 0.028 or 0.06%

Silver Gold Ratio Today : 0.01956
Change : -0.000011 or -0.06%

Platinum Price Close Today : 1650.30
Change : 28.80 or 1.78%

Palladium Price Close Today : 707.45
Change : 2.45 or 0.35%

S&P 500 : 1,347.29
Change : 2.96 or 0.22%

Dow In GOLD$ : $152.56
Change : $ (1.55) or -1.01%

Dow in GOLD oz : 7.380
Change : -0.075 or -1.01%

Dow in SILVER oz : 377.25
Change : -3.66 or -0.96%

Dow Industrial : 12,888.76
Change : 43.63 or 0.34%

US Dollar Index : 78.52
Change : -0.553 or -0.70%

The GOLD PRICE rolled back all its losses since last Friday, and banged on $1,750 resistance as well with a $1,749.71 high. Rose $23.60 to $1,746.40 on Comex.

This is good and not so good. It leaves yesterday looking like a bottom at $1,710 (today's low), and a leap up off that bottom through two resistance levels.

Think of it this way. The GOLD PRICE bottomed on 29 December at 1523.90 (intraday), and commenced an uptrend. If you draw an uptrend line from 29 December across the bottoms, you'll see that today's low merely touched the uptrend line, nothing more. Trend remains intact. More, gold made a new low for the move today, then closed higher than the day before -- first half of a key reversal. If gold closes higher tomorrow, it was a key reversal and gold has resumed climbing.

All that also almost works for the SILVER PRICE, but not quite. Silver rose 44.3c today to shut the doors at Comex on 3416.5c. But silver did penetrate its uptrend line, by a little. Given that silver often does that, then refuses to follow through, we can chalk that up to silver's greater volatility.

The SILVER PRICE has reached the threshold of its crucial 300 day moving average (3453c). Clear that hurdle, and silver will run for the finish line. Momentum already points up, with silver above its 50 and 20 DMAs.

Turning all that the other way round, a failure at 3450c would hurt silver badly, and send it back toward 3100c to build a broader, firmer foundation. Once again, silver's line in the sand is 3300c.

Last three days have been merely a very short-term correction for metals. Seems they want to climb higher. Don't get caught standing in their way.

Y'all don't forget: A Greek Debt Deal is Near.

With astonishing candor Fed Head Ben Bernancubus told the senate budget committee today that the much-touted 8.3% unemployment rate from January UNDERstates weakness in the US labor market.

Something's up. Bernancubus is sounding almost rational -- it's a trick. Or he is sandbagging because he awaits even worse news still.

Silver and gold found nothing but support in Bernancubus' remarks, as everything he said implied he will depreciate the dollar much more through inflation.

At least, the US dollar index took it that way since it sank a chunky 55.3 basis points (0.71%) to 78.516. That's the bottom of the last 30 days' range. The fall through 78.50 will only confirm the down-ness of a trend already turned down, and 'twill accelerate it.

Yeah, buddy! That Greek debt deal is just roaring down the tracks. The euro market thinks so, I reckon, because the euro rose today to 1.3258, up 0.97% and above 1.3200 resistance. Still, if I owned euros (and I don't, and won't, unless I have to travel there) and the deal did go through, I would sell them on the NEWS tomorrow that a deal has been struck. Forget not the proverb, "Buy the rumour, sell the news."

Appears that part of what's been driving up the yen was money looking for a refuge for the euro, since the yen fell 0.31% today to 130.25c/Y100 (Y76.78/US$1). Yen pierced but did not close below its 20 DMA (130.16). The yen has a fine future at a lower level.

STOCKS struggle yet with that 12,875 resistance. Dow gained 43.63 (0.34%) to 12,888.76 and the S&P500 rose 2.96 (0.22%) to 1,347.29

Are stocks topping or consolidating? Well, they feed off inflation and the Bernancubus today promised more of that -- although stocks feeding off inflation is like the eucalyptus-obligate koala bear eating chocolate cake and expecting to thrive. End thereof will be painful and messy, and fraught with indigestion and enthusiastic puking.

If stocks penetrate that 12,875, say, by 2% (13,132.5) they will stretch their legs and run to the 2007 top. I don't expect that, but do expect their strength will wane and vanish by end of the first quarter, second at latest.

The gold ARGENTINO was minted from 1881-1887 in 90% gold (same as the US standard) at a fine gold content of 0.2334 troy ounce. These are simply bullion coins with some circulation, for $417.80 each. With spot gold

With spot gold at $1,746.40, that's a tee-tiny 2.5% premium over gold content. They don't carry a wide buy/sell spread, since wholesale buy for them today is 98.9% of melt.

I will sell minimum lots of Ten (10) coins for $4,178.00 + 25 shipping per lot (total $4,203.00). I have only One hundred (100) coins, so no re-orders at this price.

The gold URUGUAYAN 5 PESOS was minted in 1930 at 91.7% pure gold containing 0.2501 troy ounce of fine gold.

Minimum lot is Five (5) coins at $447.70 each (2.5% premium), or $2,238.50 plus $25 shipping per lot total $2,263.50/lot). I have only Twenty-five (25) coins, so no re-orders at this price.

I also have One (1) only lot of One hundred Two (102) U.S. 1921 MORGAN SILVER DOLLARS, some About Uncirculated (AU) but mostly Uncirculated (BU), $35.55 each or $3,626.10 plus $25 shipping ($3,651.10 total). Absolutely no re-orders at this price.

Special Conditions:

First come, first served, and no re-orders at these prices. I will enter orders based on the time I receive your e-mail.

We will not take orders for less than the minimums shown above.

All sales on a strict "no-nag" basis. We will ship as soon as your check clears, but we allow Two weeks (14 days) for your check to clear. Calls looking for your order two days after we receive your check will be politely and patiently rebuffed. If you want faster shipping, please send a wire.

Spot gold basis for all prices above is $1,746.40 ORDERING INSTRUCTIONS:

1. You may order by e-mail only to . No phone orders, please.

Your email must include your complete name, address, and phone number. We cannot ship to you without your address. Sorry, we cannot ship outside the United States or to Tennessee.

Repeat, you must include your complete name, address, and phone number. Our clairvoyant quit without warning last week and I stumbled and dropped my crystal ball, smashing it to pieces, so we can no longer read your mind.

2. Orders are on a first-come, first-served basis until supply is exhausted.

3. "First come, first-served" means that we will enter the orders in the order that we receive them by e-mail.

4. If your order is filled, we will e-mail you a confirmation. If you do not receive a confirmation, your order was not filled.

5. You will need to send payment by personal check or bank wire (either one is fine) within 48 hours. It just needs to be in the mail, not in our hands, in 48 hours.

6. We allow fourteen (14) days for personal checks to clear before we ship. If your hurry is greater than that, you can send a bank wire. Once we ship, the post office takes four to fourteen days to get the registered mail package to you. All in all, you'll see your order in about one month if you send a check.

Please mention goldprice.org in the email.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 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.