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Friday, March 30, 2012

Unless the Gold Price drops Below $1,645 we will not see Lower Prices the Bottom is in and It's Time To Buy

Gold Price Close Today : 1,669.30
Gold Price Close 23-Mar : 1,662.30
Change : 7.00 or 0.4%

Silver Price Close Today : 3246.9
Silver Price Close 23-Mar : 3224.8
Change : 22.10 or 0.7%

Gold Silver Ratio Today : 51.412
Gold Silver Ratio 23-Mar : 51.547
Change : -0.14 or -0.3%

Silver Gold Ratio : 0.01945
Silver Gold Ratio 23-Mar : 0.01940
Change : 0.00005 or 0.3%

Dow in Gold Dollars : $ 163.61
Dow in Gold Dollars 23-Mar : $ 162.67
Change : $ 0.94 or 0.6%

Dow in Gold Ounces : 7.915
Dow in Gold Ounces 23-Mar : 7.869
Change : 0.05 or 0.6%

Dow in Silver Ounces : 406.91
Dow in Silver Ounces 23-Mar : 405.63
Change : 1.28 or 0.3%

Dow Industrial : 13,212.04
Dow Industrial 23-Mar : 13,080.73
Change : 131.31 or 1.0%

S&P 500 : 1,408.47
S&P 500 23-Mar : 1,397.11
Change : 11.36 or 0.8%

US Dollar Index : 78.949
US Dollar Index 23-Mar : 79.366
Change : -0.417 or -0.5%

Platinum Price Close Today : 1,639.40
Platinum Price Close 23-Mar : 1,626.20
Change : 13.20 or 0.8%

Palladium Price Close Today : 653.90
Palladium Price Close 23-Mar : 659.20
Change : -5.30 or -0.8%

On the
SILVER and GOLD PRICE last week I wrote, "The end to this correction for silver and gold is not far away, two weeks at most, I suspect. Yes, we might have seen it already, but we'll know that if we get a confirmation like this: a rise to 3300c, then a fall back to 3150c but no lower." The GOLD PRICE had to hold $1,627.

Ponder then, and consider: The SILVER PRICE rose this week to 3318c, then fell back to 3163.2c (yesterday). The GOLD PRICE ranged from $1,693.30 to $1,645.60 So far, then, both metals are following my interpretation, that they have already bottomed and will not fall lower, therefore it's time to buy.

Both silver and gold rose this week, after making new lows for this move. Yesterday and today both completed key reversals, breaking into new low territory for the move but closing higher yesterday, and closing higher still today.

More than that, both metals left behind clean, plain V-bottoms yesterday. But y'all never mind about silver and gold, y'all go buy lottery tickets. Maybe y'all will hit that $640 million jackpot. You're only about 50 times less likely to hit that jackpot than you are to be struck by lightning.

The GOLD PRICE today rose $17.10 to close Comex at $1,669.30. SILVER PRICE rose 49.1c to close 3246.9c. Gold's low came at a comfortable $1,659.70, and it's high at an ambitious $1,670.40. With a 3211c low silver never dropped below 3200c, and rose 30c higher than yesterday at 3261c.

Nobody much wanted to go home short silver or gold.

UNLESS silver drops below 3150c or gold drops below $1,645, both will not see lower prices. The bottom is in, and it's time to buy.

This does not mean that both metals will immediately surge. We may have several months more of frustrating sideways movement (probably will), but they will keep on edging ever higher. Much higher prices will come before the year dies.

Ahh, there's a lesson on that scoreboard, but what does it teach? Stocks rose amidst crowing over the best first quarter since 1998 (or was it 1898?), silver and gold were taken to the woodshed for a beating but ended the week up (pennies count), and the dollar index finally let go flatlining and fell out of the bed.

Let's start with the disgusting, repulsive fiat currencies before they sink completely out of sight and become extinct.

US dollar index was flat all week but today made a new intraday low for the move. Fell 23.7 basis points (0.3%) to 78.949. Low was 78.727. Lying about 78.30 there appeareth a very important internal support line the dollar dare not cross. If it does, 'twill drop toward 77.50 and the 200 day moving average. Insofar as you can talk about technical analysis in a market so heavily manipulated, you have to expect the dollar to drop more.

The Euro stands at about a 45% correction of the fall from its October high (142.47). It sought to conquer the 50% mark in February but failed. Lower highs make for a downtrend. Closed today 1.3342, up 0.31%, which looks great as long as you don't look at the Spanish real estate bust, the Italian stock market bust, the Portuguese bankruptcy, and all the rest. No direction here but permanently lower.

The Yen fell back through the 20 DMA that it yesterday conquered (121.03) to close down 0.52% at 120.69c (Y82.86). No matter, it bottomed two weeks ago and has advanced ever since. Will go higher -- consistent with the impenetrable aims and purposes of the Nice Government Men's "minds."

Now let's think about stocks -- don't get squeamish on me -- for a few moments. All the folks who sell and tout stocks are all aflutter about this quarter's results. Alas, I bear sober tidings of great sorrow.

Stocks do not begin bull markets from high valuations. Historically, when the S&P500's Price/Earnings ratio reaches 7 or lower, it offers good value and a good buy. Above 20 it's about to crack. At the dot.com bust it stood over 40. Today it's at 23.46. Does that sound like the birthplace of a bull market?

Today the Dow Jones Industrial's P/E was 14.79 and its dividend yield was 2.47%. Historically dividend yield has been very low and the market ready to tumble whenever dividend yield reached 3.2% (1929) and ready to be bought when 8% or more. Today it's 2.47%. Bull markets are not born at 2.47% dividend yields.

Today the Dow amidst near-universal jubilating rose 66.22% (0.5%) to 13,212.04. S&P500 ran along with it, gaining 5.19 (0.37%) to 1,408.47.

Yep, both are candidates for double tops. Rally long in the tooth (such teeth as it has left, it's so old), MACD turning down, RSI a little high, and in general rebelling against gravity. BWDIK? I'm only a natural born fool from Tennessee. Haven't even ever OWNED a pair of them shiny, pointy Wall Street shoes.

Listen, I'm not a bird, so I don't tweet very often. But I know a lot of y'all are active on Twitter so I'd be much obliged if you would follow @TheMoneychanger. Who knows, you might see some special offers and announcements every now and again.

Y'all enjoy your weekend!

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com
888-218-9226
10:00am-5:00pm CST, Monday-Friday

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

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

WARNING AND DISCLAIMER. Be advised and warned:

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

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

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

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

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

One final warning: NEVER insert a 747 Jumbo Jet up your nose.



Thursday, March 29, 2012

Gold Price and Silver Price Had a Split Close Today With Gold Down and Silver Up

Gold Price Close Today : 1652.30
Change : (5.70) or -0.34%

Silver Price Close Today : 3197.80
Change : 16.1 cents or 0.51%

Gold Silver Ratio Today : 51.670
Change : -0.441 or -0.85%

Silver Gold Ratio Today : 0.01935
Change : 0.000164 or 0.85%

Platinum Price Close Today : 1627.20
Change : -8.30 or -0.51%

Palladium Price Close Today : 645.35
Change : -3.80 or -0.59%

S&P 500 : 1,403.28
Change : -2.26 or -0.16%

Dow In GOLD$ : $164.47
Change : $ 0.83 or 0.51%

Dow in GOLD oz : 7.956
Change : 0.040 or 0.51%

Dow in SILVER oz : 411.09
Change : -1.46 or -0.35%

Dow Industrial : 13,145.82
Change : 19.61 or 0.15%

US Dollar Index : 79.14
Change : 0.010 or 0.01%

The
GOLD PRICE down SILVER PRICE up, but that's not so bad, for reasons I will candidly divulge shortly.

Bear in mind that I said yesterday I would cling to my conclusion that silver and gold would NOT make lower bottoms unless the GOLD PRICE closed below $1,630 and silver below 3140c.

Today gold's low appeared at $1,645.62 and silver's at 3163.2c. In both cases these came as V-bottoms which might mark a turnaround.

Today's split close -- the GOLD PRICE down $5.70 to $1,652.20 and silver up 16.1c to 3197.8c -- has in the past months often led to a higher day following.

There's more. In the aftermarket both rose smartly, That looks like nervous shorts covering positions at the day's end.

More yet: silver's rise pushed up above yesterday's resistance. Gold's edged into it.

Something just ain't right. Markets don't get this quiet, with buying and selling so nearly perfectly balanced. When they look quiet, often we are overlooking the real forces about to push one way or the other.

What am I saying? OF COURSE it ain't right, we've got a central bank!

And by the way, every time y'all hear that the European crisis is over, you remember those folks living on the slopes of Vesuvius in AD 79 who kept on saying, "Aww, don't pay that smoke no mind! It ain't nothing."

Y'all know what it means to "paint the tape"? That's when stock promoters create a flurry of activity in a stock to make it look good. But, of course, we know that our upright Nice Government Men wouldn't stoop to the same tactics that low-life, white-trash stock promoters use, would they?

Hold that thought! Today stock indices ALL closed down, EXCEPT the most widely watched one, the Dow. It closed UP 19.61 (0.15%) at 13,145.82.

Now look at the background. Stocks started out underwater today, and stayed underwater all day, except the Dow, plumb at the end of the day, found sponsorship and goosed up to close barely higher for the day.

Why, sure! But let us assume that today's outcome really did occur naturally. What meaneth that? That investors fled the higher risk indices to the stodgier blue chips. This argueth not for a higher market, because that risk appetite must rise or stocks can't rise.

Dow is also is playing footsie with it's 20 day moving average below. Today at 13,078, and low was 10,033. And a cross beneath the 20 DMA is the first warning of lower prices. Doesn't always follow through lower, but 'tis still the warning.

STOCKS -- in partnership with the US Government since 1987, when the Plunge Protection Team was founded.

Look here! The US dollar index for the past three days has traded in a ten basis point range, totally comatose. That never lasts, and it looks very strange that the dollar broke down through established support but refused to follow through. Wow. A miracle, I reckon. Well, maybe not.

Euro dropped 0.11% to $1.3301 and still looks sorry as gully dirt to me. It stalled at 1.3368, and has drifted down since then. Ye on the other hand gapped up today above its 20 DMA (121.10) to 121.29, up 0.51%.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com
888-218-9226
10:00am-5:00pm CST, Monday-Friday

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

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

WARNING AND DISCLAIMER. Be advised and warned:

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

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

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

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

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

One final warning: NEVER insert a 747 Jumbo Jet up your nose.



Wednesday, March 28, 2012

Gold Price Lost $27 Today to Close at $1,657.90 With a Low of $1,656.70

Gold Price Close Today : 1657.90
Change : (27.00) or -1.60%

Silver Price Close Today : 3181.60
Change : 78.5 cents or -2.41%

Gold Silver Ratio Today : 52.109
Change : 0.427 or 0.83%

Silver Gold Ratio Today : 0.01919
Change : -0.000158 or -0.82%

Platinum Price Close Today : 1635.50
Change : -18.30 or -1.11%

Palladium Price Close Today : 649.15
Change : -9.20 or -1.40%

S&P 500 : 1,405.54
Change : -6.98 or -0.49%

Dow In GOLD$ : $163.67
Change : $ 1.76 or 1.09%

Dow in GOLD oz : 7.917
Change : 0.085 or 1.09%

Dow in SILVER oz : 412.57
Change : 7.74 or 1.91%

Dow Industrial : 13,126.21
Change : -71.52 or -0.54%

US Dollar Index : 79.16
Change : 0.112 or 0.14%

The
GOLD PRICE was knocking on the $1,685 ceiling, tough resistance, and fell back to take a running start at breaking down that door. It would take a close below $1,630 to embarrass me. Oh, and I might be embarrassed, but I'll hold the cards in my hand, thanks very much, until that happens.

GOLD PRICE lost $27 today to close Comex $1,657.90, with a low posted at $1,656.70.

The SILVER PRICE lost 78.5c (2.4%) and ended at 3181.6c. No damage to the chart yet, and won't be unless silver closes below 3140c. If I was bullish on silver yesterday 78.5 cents higher, what do you think I am today, tail-tucked and head-hanging? Nope, more bullish still because I can buy it 78.5 cents lower. I believe the metals correction ended on 29 December 2011.

Y'all never forget this: the risk you sit is greater than the risk you run. Sitting makes sure of only one thing: you go nowhere. It SURE doesn't guarantee you don't make any mistakes.

Currencies were flat today, dollar up 11 basis points (0.14%) to 79.159, comatose. Euro went from 1.3318 yesterday to 1.3317. Only the yen gained a little, 0.41% to 120.72c (Y82.84), assuring us that it has turned.

So what news sent stocks down along with silver and gold? None I found, and besides news events tend to happen concurrently with changes markets are already making, not as causes. So what WITHIN those markets sent them down?

The Dow lost 71.52 (0.5%) to close at 13,126.21. S&P500 lost 6.98 (.5%) to close 1,405.54. On the five day chart you see a gigantic leap up on Monday, through 13,100 to 13,250, then erosion Tuesday and Wednesday. Chart looks like a market that has rolled over preparatory to jumping off the bed. Dow must hold 13,075 or risk tanking when it breaks through support.

Okay, Moneychanger, so why doesn't the gold market look the same way? Five day chart isn't all that different.

Ahh, but the CONTEXT is. Stocks have been advancing since October dawned, trading into a tightening upward wedge, which pictures a market running out of buyers.

Gold, on the other hand, has been correcting since September died, then in February broke upward through the through the downtrend line, peaked, then traded back to that downtrend line for a Final Kiss Good-bye: a market running out of sellers.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com
888-218-9226
10:00am-5:00pm CST, Monday-Friday

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

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

WARNING AND DISCLAIMER. Be advised and warned:

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

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

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

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

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

One final warning: NEVER insert a 747 Jumbo Jet up your nose.



Tuesday, March 27, 2012

Gold Price Closed at $1,684.90 is the Correction Complete?

Gold Price Close Today : 1684.90
Change : (0.70) or -0.04%

Silver Price Close Today : 3260.10
Change : 12.5 cents or -0.38%

Gold Silver Ratio Today : 51.682
Change : 0.176 or 0.34%

Silver Gold Ratio Today : 0.01935
Change : -0.000066 or -0.34%

Platinum Price Close Today : 1653.80
Change : 6.10 or 0.37%

Palladium Price Close Today : 658.35
Change : -9.65 or -1.44%

S&P 500 : 1,412.52
Change : -3.99 or -0.28%

Dow In GOLD$ : $161.92
Change : $ (0.46) or -0.28%

Dow in GOLD oz : 7.833
Change : -0.022 or -0.28%

Dow in SILVER oz : 404.83
Change : 0.20 or 0.05%

Dow Industrial : 13,197.73
Change : -43.99 or -0.33%

US Dollar Index : 79.09
Change : 0.110 or 0.14%

The
GOLD PRICE rested today, lost a miniscule 70 cents to close Comex at $1,684.90. The SILVER PRICE lost 12.5c to end at 3260.1c.

For limb walkers, here's the day I turn bullish and skootch out just as far as I can onto that limb. Yes, 'tis conceivable that both the SILVER and GOLD PRICE will make slightly lower lows, but no longer likely they will drop to $1,575 and 2950c. Both saw a low, a rise to a new post-September-correction high, then what looks like a small correction and a low, followed by a surge. That looks like the bottom of the 2-wave in a rally. That's the safe buy. The alternative is to wait until the upside-down head and shoulders is confirmed by a breakout above $1,800 and 3700c. I'd rather risk a little more downside here than wait to buy that much higher.

Let me make this clear: this is a limb-walking proposition, not a rope to swing over hell on. It's a risk, and I have no crystal ball, no clairvoyant, and no guarantees I am right. After all, I'm just a natural born fool from Tennessee.

Here's a little warning about those direct mail and magazine ad offers for silver dollars. After I offered a few Brilliant Uncirculated pre-1905 Morgan silver dollars last Friday at $45 each, a reader sent me a magazine ad offering to sell common date 1881-S dollars for a modest $89.95 each, plus shipping and handling. Since they range from $43 to $45 at wholesale, that amounts to a neat, clean 100% mark-up. Y'all better be careful buying from these ads. Mercy, you'd better check me out, too.

Here's a quick answer to those who objected to my conclusion yesterday that the yankee government cannot FORCE/mandate you to buy health insurance by pointing out that your state mandates that you buy automobile insurance.

Are you a "driver" or a "traveler"? Do you "travel" under your Magna Carta rights, or did you SIGN an APPLICATION to get the state's privilege of becoming a state-approved "driver," i.e., a "person" who uses the public roads for profit? If you signed that driver's license application, you made a contract with the state promising to observe whatever rules of the road the state establishes for "drivers," including making you buy auto insurance as a condition of that contract.

When you signed an application/contract with the state, you WAIVED all your common law right to "travel" freely. Sorry, you volunteered into their system by SIGNING a contract. That's why they can mandate that you buy auto insurance.

But the yankee government still can't mandate that you buy health insurance, unless you are all slaves. Did y'all sign anything volunteering to become wards/slaves of the yankee government?

I'm just asking questions, cause I don't know nothing. I'm just a natural born fool from Tennessee.

TODAY markets took a day off to digest the last couple of days' feasting.

STOCKS lost about 0.3%. Dow gave back 43.9 to close at 13,197.73 and the S&P500 lost 3.99 to end at 1,412.52. This tells us nothing yet as to whether stocks will extend their rally or fail. But y'all know what I'm betting already.

US DOLLAR INDEX rose 11 basis points to end at 79.092, up 0.14% but not good enough for anything but government work. The damage was already done to the chart when the dollar fell through 79.30, and without climbing above 79.30 and holding on, the damage is not repaired. Dollar is headed for 78.40, and if it crosses that mark, Oh, well, ain't no telling.

Euro looked perkier yesterday and closed down a little today, down 0.3% to $1.3318. It's not an confidence-inspiring chart. Yen fell 0.45% to 120.26c (Y83.15). Traded down to fill a gap its enthusiasm left behind. Worst is past and the yen will rise more.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com
888-218-9226
10:00am-5:00pm CST, Monday-Friday

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

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

WARNING AND DISCLAIMER. Be advised and warned:

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

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

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

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

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

One final warning: NEVER insert a 747 Jumbo Jet up your nose.



Monday, March 26, 2012

Gold Price Closed at $1,685.60 Strong Resistance Awaits at $1,705

Gold Price Close Today : 1685.60
Change : 23.20 or 1.40%

Silver Price Close Today : 3272.6
Change : 47.8 cents or 1.48%

Gold Silver Ratio Today : 51.506
Change : -0.044 or -0.09%

Silver Gold Ratio Today : 0.01942
Change : 0.000017 or 0.09%

Platinum Price Close Today : 1647.70
Change : 21.50 or 1.32%

Palladium Price Close Today : 668.00
Change : 8.80 or 1.33%

S&P 500 : 1,416.51
Change : 19.40 or 1.39%

Dow In GOLD$ : $162.39
Change : $ (0.00) or 0.00%

Dow in GOLD oz : 7.856
Change : 0.000 or 0.00%

Dow in SILVER oz : 404.62
Change : -0.39 or -0.10%

Dow Industrial : 13,241.63
Change : 180.90 or 1.39%

US Dollar Index : 78.93
Change : -0.357 or -0.45%

The
GOLD PRICE jumped up when Bernanke was slapping the dollar, which was no surprise to anyone with an IQ greater than the temperature of his feet on a cold day. GOLD PRICE gained $23.20 on top of Friday's $20 gain to close at $1,685.60, and has now reached the bottom of the range where it fell away.

The GOLD PRICE has gained $43.20 in the last two days, 2.63%, from last Thursday $1,642.30. Mmmmm.

The GOLD PRICE hit a $1,693.30 high today, plus closing above its 200 day moving average (1,683.66). Momentum is plainly up, but gold again meets its 150 DMA ($1,708.36) at $1,708.36, where strong resistance also awaits ($1,705).

But who knows? Maybe last week we saw Gold's low for the move? Right now gold has its dander up, so expect higher prices tomorrow. Gold needs that close above the 150 DMA to prove it has finished its correction.

SILVER PRICE closed the Comex at 3272.6c. In the last two trading days silver has added 140.7c (4.5%). Today it augmented (that's for you engineers out there) 47.8c.

Today buoyed silver up to that internal support/ resistance line, but its 3304c high also reached for the 20 (3345c) and 50 (3333c) day moving averages. For the present I'm working on a tentative theory that both silver and gold bottomed last week, but that will only be proven when this move falters and falls back to a slightly HIGHER low than the last one.

Hang on. Silver and gold are turning exciting.

The comrades on the supreme court, known affectionately here as "The Supremes," are hearing a gang of lawsuits on Obamacare. Let me cut to the bone for you right here: no way congress can "mandate" you buy life insurance, a hamburger, a Chevrolet, or anything else, The Supremes notwithstanding.

Listen here: if you have to sign something to participate, they can't mandate it.

Think about it: You murder somebody with a meat ax. The police come to arrest you. At any point in the proceeding, will anybody present you with a contract proving you signed promising that you will not kill anybody with a meat ax? Nope.

It is therefore MANDATORY that you not kill people with a meat ax.

However, to buy the "mandated" insurance, you will have to sign a contract. If government can make you sign anything, then you are not free.

Same argument applies to social security: did you have to SIGN something, something called an "application," before you got a social security number? What would have happened had you NOT signed? Would they have given you a number anyway?

Like I said, the yankee government can NOT make you buy insurance, medical or otherwise.

TODAY gave us another example of how the Fed destabilizes markets. The Bernancubus made statements the market interpreted as soft on inflation. That broke the dollar's back and sent stocks jumping high, and boosted silver and gold. The Bernancubus is the same old drunk driver, slamming on the brakes, then pushing the gas pedal to the floor. Here's the irony so bitter it makes you want to spit: they claim that a central bank stabilizes markets.

I will not even touch, as a subject too painful for honest and rational minds to dwell on, how badly the Fed's jimmying interest rates lower destabilizes the entire economy and guarantees future poverty.

Highest Dow close for this move took place on 15 March at 13,252.76, and for the S&P500 on 19 March at $1,409.59. Today the Dow added 180.9 (1.23%) to close at 13,241.63 while the S&P500 added 19.4 (1.39%) to 1,416.51. For the S&P500 that was also a marginal new intraday high, but not for the Dow.

In other words, rather than first steps on a new rally, this may mark the opposite, a deadly double top.

How can we tell? If not a double top, tomorrow stocks will advance, should advance strongly. If they piddle, then drop below 13,000, standing under them will be like standing on a sidewalk watching piano movers hoist up a piano on a pulley. Nothing good will be coming your way.

Stupid people are not necessarily evil, but evil people can sometimes look stupid to those who don't know they are evil. Take for instance Bernanke's statements today, and I am not saying Bernanke is personally evil any more than being involved in any fundamentally, irretrievably evil institution makes one evil. I suppose you might work for the Mafia and be a really good person, but it doesn't seem likely.

Anyhow, since I presuppose to virtual certainty that central bankers do to markets what they INTEND to do, I suppose the Nice Government Man Mr. B. WANTED to knock the US dollar index down. Dollar dropped like your mother-in-law's opinion of you when you showed up for Thanksgiving dinner sloppy drunk, just about the time NGM Bernanke was stating his statement. Broke that 79.40-79.30 level that had been supporting it and ended up down 35.7 basis points to 78.928 (-.4%).

Of course, I'm as enthusiastic about the dollar as I am about cholera, and like the euro almost as much as smallpox. The yen ranks around pneumonic plague. But I digress, because all are so patently vile.

The dollar's fall goosed the euro above its 20 DMA but only to the downtrend line. Closed at $1.3356 or up 0.65%, so all y'all planning a trip to France will be paying more (unless you were clever enough to buy GOLD instead of vile paper currencies

-- integrity occasionally has its rewards). In Japan the NGM must be worrying that the yen was about to recover after its extended plunge, so despite the dollar's tumble, the yen tumbled, too, down 0.6% to 120.74/Y100 (Y82.82/US$1). No matter, the yen has still pointed its nose skyward.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com
888-218-9226
10:00am-5:00pm CST, Monday-Friday

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

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

WARNING AND DISCLAIMER. Be advised and warned:

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

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

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

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

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

One final warning: NEVER insert a 747 Jumbo Jet up your nose.



Friday, March 23, 2012

The Gold Price Close Up 0.4 Percent for the Week at $1,655.50 Must Hold Above the $1,627 Support

Gold Price Close Today : 1,662.30
Gold Price Close 16-Mar : 1,655.50
Change : 6.80 or 0.4%

Silver Price Close Today : 3224.8
Silver Price Close 16-Mar : 3257.3
Change : -32.50 or -1.0%

Gold Silver Ratio Today : 51.547
Gold Silver Ratio 16-Mar : 50.824
Change : 0.72 or 1.4%

Silver Gold Ratio : 0.01940
Silver Gold Ratio 16-Mar : 0.01968
Change : -0.00028 or -1.4%

Dow in Gold Dollars : $ 162.67
Dow in Gold Dollars 16-Mar : $ 165.23
Change : $ (2.56) or -1.6%

Dow in Gold Ounces : 7.869
Dow in Gold Ounces 16-Mar : 7.993
Change : -0.12 or -1.6%

Dow in Silver Ounces : 405.63
Dow in Silver Ounces 16-Mar : 406.24
Change : -0.61 or -0.2%

Dow Industrial : 13,080.73
Dow Industrial 16-Mar : 13,232.55
Change : -151.82 or -1.1%

S&P 500 : 1,397.11
S&P 500 16-Mar : 1,404.16
Change : -7.05 or -0.5%

US Dollar Index : 79.366
US Dollar Index 16-Mar : 79.801
Change : -0.435 or -0.5%

Platinum Price Close Today : 1,626.20
Platinum Price Close 16-Mar : 1,672.70
Change : -46.50 or -2.8%

Palladium Price Close Today : 659.20
Palladium Price Close 16-Mar : 697.80
Change : -38.60 or -5.5%

GOLD PRICE surprised everyone today by jumping $20 to close $1,662.30. Short covering before the weekend could account for that, but gold also closed up 0.4% this week, even after some terrible days. The GOLD PRICE has caught on an internal support line, but if it breaks down through $1,627, it will hit the skids. By no means out of danger yet.

The
SILVER PRICE lost 1% this week, but came back smartly from a 3107c low for the week. This leaves behind a V-bottom, which well might mark the farthest extent of silver's drop. However, more proof is needed. Silver must climb above 3250c then 3300c before it regains credibility. Next week silver must not drop below 3100c, or will pay 3000c a visit.

The end to this correction for the
SILVER and GOLD PRICE is not far away, two weeks at most, I suspect. Yes, we might have seen it already, but we'll know that if we get a confirmation like this: a rise to 3300c, then a fall back to 3150c but no lower.

What an odd week. Silver and gold fell off, but ended the week higher or about even. Stocks proved unable to move higher, and fell back. Dollar still hanging on by fingernails, but platinum and palladium took a huge beating.

The Dow in Gold Dollars (Dow Industrials average valued in gold) did NOT manage to break out this week, which casts more doubt on stocks' rise.

For all the noise about last Friday's high, the Dow couldn't hold on up there and lost 1.1% to end just 80 points above 13,000, at 13,080.73, up 34.59 points (0.27%) on the day. S&P500 remains below the morale-whacking 1,400 line. Gained 4.33 today (0.31%) to close at 1,397.11. Stocks are not far from some sort of high that will remain historic for a long time, that is, they won't get that high again for a long time.

The US DOLLAR INDEX fell today to the bottom of its three week range -- again. Fell 37 basis points (0.48%) to 79.366. That points the dollar's momentum down, as it pushes it below its 50 day moving average (79.46) and its 20 DMA (79.46). For now I can only say, it remains range-bound unless it closes below 79.

Yen bounced up 0.26% today to 121.47. Last three days the yen has gapped up off a bottom and jumped higher. Penetrated but did not close above its 20 DMA. Closed today at 121.47c/Y100 (Y82.32/US$1).

Euro climbed over its 20 DMA (1.3212) to end at $1.3270, up 0.55%. Don't climb on that sinking boat -- the Euro still has $1.2000 in its future.

SPECIAL OFFER YET ANOTHER SILVER CLEARANCE

I don't usually stock the pre-1936 US silver dollars, because they trade at a fairly high premium over their silver content. I also don't like to stock them because they are so lovely that I cannot turn loose of them, and that is not a businesslike sentiment. Over some long time I have accumulated a pile of silver dollars, and I am selling these at 75 cents over the wholesale price, just to see them fly.

I have six lots of them, sold on a first-come, first-served basis. I am sorry, but once these are sold, I cannot re-order at these prices. When they're gone, they're gone.

LOT No. 1, One hundred (100) pre-1905 Morgan silver dollars, various dates and mint marks. The Morgan silver dollar was minted from 1878 through 1904 at San Francisco, New Orleans, Philadelphia, and Carson City. These coins all grade strictly VG (Very Good) or better, and contain 0.765 troy ounce of silver. At $29.75 each, this lot costs $2,975 + $25 shipping, a total of $3,000.00

LOT No. 2, Fifty-six (56) pre-1905 Morgans and Forty-five (45) 1921 Morgans, all strictly VG or better, $29.75 each. This lot of 101 coins costs $3,004.75 + $25 shipping, a total of $3,029.75.

LOT No. 3, One hundred Twenty-four (124) PEACE dollars minted from 1921 - 1935. This design was placed on the dollar to celebrate the end of World War I. All are strictly graded VG or better. At $28.75, this 124 piece lot costs $3,565 plus $25 shipping, a total of $3,590.00.

LOT No. 4, One hundred CULL silver dollars, graded LESS than VG. One reason I don't like to trade in dollars is that so many dealers fudge the grading. You order VG or better, but you get coins that are too worn, rim-dinged, or even holed. These are coins I have culled out for rim dings or scratches or some other flaw that disqualifies them for a strict VG grade, even though otherwise they might grade Extremely Fine (XF) or better. Might be good for barter, because I've never met anybody who wouldn't jump at a silver dollar, even a slick one. At $27.05 each, this lot of 100 cull dollars costs $2,705.00 + $25 shipping, for a total of $2,730.00

LOT No. 5, Ninety-nine (99) CULL silver dollars, graded LESS than VG. At $27.05 each, this lot costs $2,677.95 + $25 shipping or a total of $2,702.95.

LOT No. 6, Forty-eight (48) Brilliant Uncirculated (BU) pre-1905 Morgan silver dollars. These are not certified or slabbed, but they are uncirculated. Each coin grades BU or better, and contains 0.7734 troy ounce of fine silver. At $45 each (one dollar over wholesale) this lot of 48 costs $2,160.00 + $25 shipping for a total of $2,185.00.

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. All coins are sold "as is."

ONE LAST THING. I have counted and counted these coins, but the silver termites might have gotten to them since then. My count may be short by as many as Five (5) coins. If so, I will reduce the invoice by that amount.

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 franklin@the-moneychanger.com.

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

All sales on a strict "no-nag" basis. If you pay by check, we allow Two weeks (14 days) for your check to clear before we ship. 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 silver basis for all prices above is $32.25 ORDERING INSTRUCTIONS:

1. You may order by e-mail only to franklin@the-moneychanger.com. 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. We can no longer read minds.

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.

Y'all enjoy your weekend!

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com
888-218-9226
10:00am-5:00pm CST, Monday-Friday

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

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

WARNING AND DISCLAIMER. Be advised and warned:

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

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

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

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

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

One final warning: NEVER insert a 747 Jumbo Jet up your nose.



Thursday, March 22, 2012

The Gold Price Lost $7.70 Today the Further Gold Drops the Closer it's Turnaround

Gold Price Close Today : 1642.30
Change : (7.70) or -0.47%

Silver Price Close Today : 3131.90
Change : 88.0 cents or -2.73%

Gold Silver Ratio Today : 52.438
Change : 1.194 or 2.33%

Silver Gold Ratio Today : 0.01907
Change : -0.000444 or -2.28%

Platinum Price Close Today : 1617.80
Change : -20.90 or -1.28%

Palladium Price Close Today : 651.90
Change : -32.90 or -4.80%

S&P 500 : 1,392.78
Change : -10.11 or -0.72%

Dow In GOLD$ : $164.21
Change : $ (0.20) or -0.12%

Dow in GOLD oz : 7.944
Change : -0.010 or -0.12%

Dow in SILVER oz : 416.56
Change : 8.95 or 2.20%

Dow Industrial : 13,046.14
Change : -78.48 or -0.60%

US Dollar Index : 79.65
Change : 0.008 or 0.01%

GOLD PRICE has begun its final descent to a landing. Lost $7.70 today to shutter Comex at $1,642.30, but the low reached $1,628.34.

What must we reckon with here? I'm one of those folks who likes to hear the worst first, so I have a feel for the maximum pain that might await me. Right up front, $1,600 jumps off the chart, followed by $1,560. $1,600 might stop it, but today's close took gold through an internal support line that implies -- assuming it falls lower tomorrow -- it must fall further. Just to hedge that call, if the
GOLD PRICE touches $1,600 tomorrow, then closes above today's low, I would buy it.

SILVER cut through 3180 resistance today and fell as low as 3107c. It recovered enough to close 3131.9c, losing "only" 88c. Now one might behold today's chart and say, "Lookey there! A spikey little bottom!" Indeed, said spike appears, but something argues against that establishing any lower boundary to the move, namely, support really was working at the circa 3150/3160c range, and today's close took the SILVER PRICE beyond that pale. It would have to turn sharply upward tomorrow to contradict that. Otherwise, start reckoning with 3050c, even 3000c. Soon.

Yet another witness pointing to lower silver is the
GOLD/SILVER RATIO, rising today to 52.438 from yesterday's 51.244. Technically we call that a "right smart higher move." At least, that's what we call it in Tennessee. I don't know what they call it up north. Platinum and palladium were also hammered right hard, not optimistic for the silver and GOLD PRICE.

Now before y'all go hide under a galvanized wash tub waiting for your world to end, think a second. The further
SILVER and GOLD drop, the closer they are coming to that turnaround. Y'all let everybody else whine and moan and scan the horizon for Planet X and Mayan calendars and stuff like that. Straighten up now, silver and gold are not far from the turning point, so stop flinching.

The Yen fulfilled yesterday's promise of a key reversal by adding the second and final ingredient, a higher close today. Y100 closed at 121.18c (Y82.52/US$1), up a seven-league-booted 1.03%.

The euro, on the other hand, fell 0.19% to $1.3188. This carries with it the smell of mackerel past its prime, as the euro touched its 50 day moving average and stands below its 20 DMA. A close below 1.3100 will send a large, green, clawed hand up from the swamps below to pull the euro underwater.

All this jubilating took place while the US dollar tried to climb out of its trading range, but failed. It traded as high as 79.949, but closed at 79.649 a tee-tiny 8/10 of a basis point higher than yesterday. Still, the dollar index is at least knocking on the door of overhead resistance. No resolution yet, but expectation must be biased downward, along with the trend in progress.

Friends and I were talking about Iguaçu Falls today. Two of them had in fact visited the falls, and talked about its several descending levels. Lo, I beheld the Dow's chart the last few days, replete with cataracts flowing down, bouncing up, and falling off again, and I said, "Look! It's Iguaçu!" Have any of y'all ever seen water flow UP hill? At least, water doesn't flow up hill in Tennessee, but maybe in Australia, on the globe's bottom side?

Almost all stock indices fell today. Dow fell 78.48 (0.6%) to 13,046.14, parlously close to the 13,000 line. Breaking that point will also break investors' morale and optimism. S&P500 fell 10.11 (0.72%) to 1,392.78, ALREADY below the morale-busting 1,400 line on the board.

Did I forget to mention that although the Dow did not close below its 20 DMA (13,033.29) today, it cut into it? Did I leave out that crossing that 20 DMA will begin turning momentum definitively earthward, begging gravity to have its way?

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, March 21, 2012

The Gold Price Rose $3.30 to close at $1,650 Must Break out Upside Through $1,670

Gold Price Close Today : 1650.00
Change : 3.30 or 0.20%

Silver Price Close Today : 3219.90
Change : 39.4 cents or 1.24%

Gold Silver Ratio Today : 51.244
Change : -0.531 or -1.03%

Silver Gold Ratio Today : 0.01951
Change : 0.000200 or 1.04%

Platinum Price Close Today : 1638.70
Change : -14.30 or -0.87%

Palladium Price Close Today : 684.80
Change : -8.25 or -1.19%

S&P 500 : 1,402.90
Change : -2.62 or -0.19%

Dow In GOLD$ : $164.43
Change : $ (0.88) or -0.54%

Dow in GOLD oz : 7.954
Change : -0.043 or -0.54%

Dow in SILVER oz : 407.61
Change : -6.48 or -1.57%

Dow Industrial : 13,124.62
Change : -45.57 or -0.35%

US Dollar Index : 79.62
Change : 0.260 or 0.33%

Nothing fruitful took place for the silver and
GOLD PRICE today. True, they rose a little, but not enough to alter the downtrend. The GOLD PRICE rose 3.30 to $1,650 and silver rose 39.4c to 3219.9c.

The GOLD/SILVER RATIO gives us a feeling of where we are and where we are headed. It keeps see-sawing upwards. Oh, it fell today from 51.775 to 51.244, but three days ago its was at 50.626.

The GOLD PRICE reached a little higher today at 1661.65 than yesterday's high at $1,657.80. Low came a little higher, too, at $1,647.08 against $1,641.90. Never mind, it's still range-bound trading. Must break out upside through $1,670, or down at at $1,640. Till then, range-bound trading is just noise. Meanwhile, gold remains below its 50 DMA ($1,705.43), 150 DMA ($1,711.55), and 200 DMA ($1,681.82). Can't argue that momentum points down.

On the longer term SILVER PRICE chart in the last six days silver has established a double bottom at 3162c - 3175c. To argue that will hold, I would point to the pattern of the correction since the February high, which has a down A-B-C completed look to it. But in spite of that, SILVER remains rangebound. Either it falls through 3180c to drop lower, or it rises above 3240c for higher prices. Meantime, we're just watching.

Abide patiently. Higher prices are coming once this correction ends.

My dear wife Susan was feeling pretty punk last night, but this morning she was dancing around and laughing like a little girl. With the lens replaced in only one eye due to a cataract, she can see! She has worn glasses since she was 8, and she's tickled pink. Thanks for your prayers.

For two days the dollar index has been vibrating up to down in a flat range from 79.80. Gained 26 basis points today and is now at 79.619. One has the feeling all interest in this market has died. Odd, since the United States seems bent on provoking Iran and through it another world war.

Euro looked a little flakey today, second day it has shown itself not equal to crossing above its 20 day moving average. Closed at $1.3211, down 0.11%, but really just dead in the water.

The yen today posted the first leg of a key reversal by breaking into new low territory but closing higher than yesterday. A close above today's 119.97c (Y83.35/US$1) tomorrow will complete that key reversal and turn the yen firmly up.

Stocks today rounded and fell further from that top they've been drawing. SAP fell 2.62 (0.19%) to 1,402.90 while the Dow fell 45.57 (0.36%) to close at 13,124.62. Y'all don't get too disappointed when it falls, because it will be only the first in a very long series of disappointments

Wait! I'd better stop saying such things. I am liable to get a visit from the Nice Government Men in the NOTSUA -- National Office to Suppress Un-American Activities.

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, March 20, 2012

The Gold Price Remains in Primary Uptrend Comex Close at $1,646.70

Gold Price Close Today : 1646.70
Change : -20.20 or -1.21%

Silver Price Close Today : 3180.50
Change : -112.10 cents or -3.40%

Gold Silver Ratio Today : 51.775
Change : 1.149 or 2.27%

Silver Gold Ratio Today : 0.01931
Change : -0.000438 or -2.22%

Platinum Price Close Today : 1653.00
Change : -24.90 or -1.48%

Palladium Price Close Today : 693.05
Change : -13.00 or -1.84%

S&P 500 : 1,405.52
Change : 4.23 or 0.30%

Dow In GOLD$ : $165.33
Change : $ 2.88 or 1.77%

Dow in GOLD oz : 7.998
Change : 0.139 or 1.77%

Dow in SILVER oz : 414.09
Change : 16.19 or 4.07%

Dow Industrial : 13,170.19
Change : 68.94 or 0.53%

US Dollar Index : 79.61
Change : 0.151 or 0.19%

The silver and
GOLD PRICE both wore themselves out yesterday, and both wilted today. Gold closed Comex $20.20 lighter at $1,646.70 and silver lost 112.1c to 3180.5c.

The GOLD PRICE nearly ruined that nascent uptrend, and fell as low as $1,641.90. So far the $1,640 support holds, but should gold punch through that, then we are dealing with $1,625 - $1,605.

SILVER PRICE broke down through 3200c support when it fell to 3179c. Last week's low came at 3145c and today silver posted a low price at 3179c, then closed at 3180.5c, practically on the day's low.

In the aftermarket silver has risen above 3200c, but this is like an alcoholic walking back and forth, up and down in front of a liquor store. If he doesn't intend to go inside, he shouldn't keep wearing out the sidewalk there. However, right now all hangs on that 3150c level. Should silver break that, then 3100c, even 3000c becomes the next target.

Be patient, lift up your eyes to the horizon, and gaze there upon the PRIMARY UPTREND in SILVER and GOLD, and know that this, too, will resolve to the upside eventually -- and probably within the next two weeks, maybe this week.

That rotten dollar index bounced back up 15.1 basis points (0.19%) to trade right now at 79.611. It traded today up to 79.843, the 79.80 area where it broke down on Monday, but fell back. Insofar as a man even can say anything at all about such a manipulated market, it appears to be headed lower, but needs to confirm that with a close lower than 79.35. If I said that the dollar and all the other scabby fiat currencies were a joke, I'd be slandering jokes.

Yen dropped 0.45% today to 119.44c/Y100 (Y83.82/US$1), but didn't drop lower than Friday's close, so that bottom at 119.14 remains valid. As valid as anything might be when talking about unbacked currencies run by political whim for fundamental corruption.

The Euro closed $1.3223, down 0.14% from Monday. 'Tain't able to break through the 20 DMA at 1.3232 so far. I can say this, I'd rather own euros than have cholera.

The enemies of gold are the enemies of justice and mankind. Here's a little proof (thanks to VP for sending it) from that well know philanthropist Adolf Hitler: "Gold is not necessary. I have no interest in gold. We'll build a solid state, without
an ounce of gold behind it. Anyone who sells above

the set prices, let him be marched off to a

concentration camp. That's the bastion of money."

See, it's easy: the concentration camp is what all fiat money advocates answer to gold. They may be a little more subtle, like Alan Greenspan and Ben Bernanke and all the other heads of central banks, but the concentration camp remains their ultimate answer.

I keep on trying to say things in new and different ways so my constant dinning doesn't deafen y'all. Here's a new way: if you want to end up living in a cardboard house under a bridge, keep on counting on stocks. Otherwise, sell them now and put the proceeds into silver and gold.

Stocks today fell. Dow fell 68.94 (0.52%) to 13,170.19. S&P dropped 4.23 (0.30%) to 1,405.52. This is a harbinger only, and needs further confirmation to call it a break. Next would come a close below the 20 DMA, now 13,021.

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, March 19, 2012

Gold Price Broke Through $1,660 Closing at $1,666.90

Gold Price Close Today : 1666.90
Change : 11.40 or 0.69%

Silver Price Close Today : 3292.60
Change : 35.30 cents or 1.08%

Gold Silver Ratio Today : 50.626
Change : -0.199 or -0.39%

Silver Gold Ratio Today : 0.01975
Change : 0.000077 or 0.39%

Platinum Price Close Today : 1677.90
Change : 5.20 or 0.31%

Palladium Price Close Today : 706.50
Change : 8.70 or 1.25%

S&P 500 : 1,409.75
Change : 5.58 or 0.40%

Dow In GOLD$ : $164.18
Change : $ (1.03) or -0.62%

Dow in GOLD oz : 7.942
Change : -0.050 or -0.62%

Dow in SILVER oz : 402.09
Change : -4.16 or -1.02%

Dow Industrial : 13,239.13
Change : 6.51 or 0.05%

US Dollar Index : 79.43
Change : 0.332 or 0.42%

The
GOLD PRICE and SILVER PRICE kept on recovering today. Silver added 35.3c to close just under 3307c at 3292.6. Gold broke through $1,660 and added $11.40 to end at $1,666.90.

Five day chart shows that since Wednesday gold has traced out a slow uptrend with higher lows and higher highs. Now gold has bumped its head against the downtrend line from the 29 February high, and the 200 DMA also stands at $1,680.76. Should gold break through them both, especially on the first try, it will scoot.

By the way, Gold has formed another falling wedge, and y'all recall that wedges always break out the OPPOSITE direction from the way they point.

The GOLD PRICE is trading out into the point of that wedge, and something will break soon, probably this week, up or down. Time for lower lows is rapidly draining away.

You know, that SILVER has already made a correction greater than 50%. The 300 and 200 DMAs are kissing, which sometimes marks an upward turning point. If silver should close above 3450c, stop waiting and buy. Today it hit the 50 DMA and stopped, but looks strong still. Can't call a bottom, though, until silver confirms a bottom some way.

If the US dollar index was my only friend, I'd shoot myself. Treacherous doesn't begin to compass it. Friday and in European trading early today the dollar was plumb -- and I mean plumb -- flat. Right on the bell at 10:30 New York time the dollar index fell off a cliff at 79.75, painted a pennant half way down, then resumed plunging to 79.35.

Today's plunge broke the 50 DMA (79.63) but trading now at 79.434 (down 33.2 or 0.43%) the dollar index has not crossed below its 20 DMA (79.36).

Although the dollar index rose above its last low on this current move, if it stops here it will only confirm a downtrend. Looking at today's action, the chart has not been fractured, and dollar could continue rising. But if it falls much below that 79.36, it will probably revisit 78.50.

Like a bad child when his mama's sick, the Euro took this occasion to run hog wild. Gained 0.48% to $1.3242.

The Japanese yen today closed just where it was on Friday, 120.01c/Y00 (Y83.33/US$1). Yen has definitely turned, though, after a 119.14c low.

Sometimes I get knotted up because I can't explain to people why I won't recommend stocks. Today I went to an inflation calculator for an example. Dow topped in January 2000 at 11,722. Corrected for inflation, just to be at the same level the Dow would need to be at 15,500. BWDIK? I'm just a natural born fool from Tennessee.

That sort of casts another perspective on today's stock action. Dow gained a grandiloquent 6.51 (0.05%) to 13,239.13. S&P500 rose 5.58 (0.4%) to 1,409.75. When it falls, it will drop like a plum bob out of a C130 cargo plane at 25,000 feet.

Tomorrow my bionic wife has to have a cataract- clouded lens removed from her eye and replaced. She has worn glasses since she was 8, but after this replacement and another a week later, she will only need glasses for reading. I would deeply appreciate y'all praying for success and safety in her surgery. Thanks in advance for your prayers.

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, March 16, 2012

The Gold Price is Trapped Between $1,640 and $1,665 One Way or Another this will Break Next Week

Gold Price Close Today : 1,655.50
Gold Price Close 9-Mar : 1,710.90
Change : -55.40 or -3.2%

Silver Price Close Today : 3257.3
Silver Price Close 9-Mar : 3417.5
Change : -160.20 or -4.7%

Gold Silver Ratio Today : 50.824
Gold Silver Ratio 9-Mar : 50.063
Change : 0.76 or 1.5%

Silver Gold Ratio : 0.01968
Silver Gold Ratio 9-Mar : 0.01997
Change : -0.00030 or -1.5%

Dow in Gold Dollars : $ 165.23
Dow in Gold Dollars 9-Mar : $ 156.13
Change : $ 9.10 or 5.8%

Dow in Gold Ounces : 7.993
Dow in Gold Ounces 9-Mar : 7.553
Change : 0.44 or 5.8%

Dow in Silver Ounces : 406.24
Dow in Silver Ounces 9-Mar : 378.11
Change : 28.13 or 7.4%

Dow Industrial : 13,232.55
Dow Industrial 9-Mar : 12,922.02
Change : 310.53 or 2.4%

S&P 500 : 1,404.16
S&P 500 9-Mar : 1,370.87
Change : 33.29 or 2.4%

US Dollar Index : 79.801
US Dollar Index 9-Mar : 80.003
Change : -0.202 or -0.3%

Platinum Price Close Today : 1,672.70
Platinum Price Close 9-Mar : 1,689.25
Change : -16.55 or -1.0%

Palladium Price Close Today : 697.80
Palladium Price Close 9-Mar : 711.25
Change : -13.45 or -1.9%

The more I pore over the silver and
GOLD PRICE charts, daily and weekly, the louder those upside down head and shoulders formations shout. I'd say that within a month, maybe a little longer, they will be completed and ready to break out over the neckline.

Meantime, we suffer.

The GOLD PRICE shuffled down $3.60 to $1,655.50. Now that doesn't look like much of a performance, but the sellers attacked about the time New York opened and drove gold clean down to $1,640. But gold climbed right back to $1,664.70, leaving a clean V-reversal behind. Problem remains that gold did not exceed yesterday's high at $1,665.60 and indeed gave a little ground.

Thus $1,640 shapes up as strong support, but $1,665 as tough resistance, and like that little steel sphere in a pinball machine, gold seems trapped. One way or the other this will break next week.

The SILVER PRICE gave back a miserly 12 cents today to a 3257.3c close. Silver was attacked by sellers today, too, and fought them off but also failed to advance above yesterday's highs. Like a man trying to climb a cliff, I am watching 3150c support below, and 3300c resistance above.

'Twas a tough week for silver and gold, but a good week for stocks and a flat week for the US Dollar. And it's got me scratching my head. The one thing you have to keep on doing constantly is to keep questioning your own presuppositions. Is the chart changing primary trend, or pulling your leg? Stop asking that and the market will one day behead you.

Stocks finally broke through 13,000 this week, and shot 2.4% higher. Stock indices spake with the Voice of Babel today, most lower but the S&P500 higher. Dow shaved off 20.12 (0.15%) to stop at 13,232.55. S&P500 won a psychological victory this week by crossing above 1,400, and rose today 1.56 (0.11%) to 1,404.16.

What has me scratching my head is not lice (I hope), but the Dow in Gold Dollars, my most reliable indicator. It has been headed down since August 1999 at about G$940.50 and today stands at G$165.28 (7.993 oz). This takes the DiG$ out above the current downtrend line. Normally when the DiG$ bumps its forehead against a downtrend line or even slightly crosses it, it foretells a big drop in stock coming against gold. In other words, that bump into the downtrend line marks the spot where stocks have spent all their strength against gold -- generally.

Yet the DiG$ rose a little higher. Could mean two things, either that the DiG$ may make a foray up to its 200 day moving average, which has happened before and would change no primary trend, or that the primary trend has changed. That would change everything, since the primary trend we have been riding is "Gold and Silver up, Stocks and Dollar down."

I resist the latter conclusion, even while I look it in the eye, because no upside blow-off has yet overtaken metals. At the end of every bull market in every investment, a blow-off occurs. So this may be a painful time when stocks outperform gold, even send the DiG$ to the 200 DMA, but there's no hard evidence the primary trend has turned.

Yes, I am not unaware that multitudinous croakers from Wall Street are singing like spring peepers that gold and silver have passed their peak, and that the US economy is on its way to recovery. The first is wrong, the second is the triumph of hope over reason.

Meantime, we hold our silver and gold and stick with a strategy that has brought success since 2001 and that has not yet been gainsaid by events. Tried, but not gainsaid.

US dollar index dipped lower today than I expected, and reached the lower limit of believability. Dollar closed down 0.45% to 79.80 after a 79.68 low. Either the dollar turns around here, or the Nice Government Men mean to send it down again for a while, and let the other Potemkin currencies rise.

The euro and yen both rose today, but let's address them one by disgusting one. I say "disgusting" because any morally and rationally fastidious mind must recoil in pain and horror at the monetary set up we use every day without the least shiver or tremor of nausea. If a man from Mars should arrive, I don't want the job of explaining the monetary system to him. He would just look at you in disbelief and disgust, spin on his eight heels, climb back into his flying soupbowl and spin away to some saner planet, shaking both heads.

But I digress. Euro today rose 0.67% to $1.3168. That has the look of a turnaround upward on the 5 day chart, but to make good on that threat, the Euro must close above 1.3200. Euro appears a bit more equivocal on a longer chart, but has in the last 6 days smashed into its critical moving averages -- 50 and 62 day -- and turned up. However, above remains the 20 DMA at 1.3227 and a little gap. Euro may be doing no more than filling that gap before it resumes its earthward trajectory.

The yen, having made the huge downward adjustment the Nice Government Men wanted, today posted the first half of a Key Reversal. Specifically, it hit a new low for the move yet closed higher on the day. It will complete the Key Reversal if it closes higher on Monday. Remember, however, that if it fails to close higher it will negate the Key Reversal. Close was 120.01c/Y100, up 0.18%.

There you go again, Moneychanger, filled with suspicion of the Nice Government men whose only intention is to do good. Why do you look at that nice Round 120 Number and say automatically, "Central Bank Target determined over rubber chicken at the monthly BIS meeting in Basel"? I am so ashamed of myself.

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, March 15, 2012

The Gold Price Bounced up 1 Percent Today to Close at $1,659.10

Gold Price Close Today : 1659.10
Change : 16.60 or 1.01%

Silver Price Close Today : 3269.30
Change : 54.60 cents or 1.70%

Gold Silver Ratio Today : 50.748
Change : -0.346 or -0.68%

Silver Gold Ratio Today : 0.01971
Change : 0.000133 or 0.68%

Platinum Price Close Today : 1684.50
Change : 20.20 or 1.21%

Palladium Price Close Today : 705.05
Change : 11.10 or 1.60%

S&P 500 : 1,402.60
Change : 8.06 or 0.58%

Dow In GOLD$ : $165.12
Change : $ (1.55) or -0.93%

Dow in GOLD oz : 7.988
Change : -0.075 or -0.93%

Dow in SILVER oz : 405.37
Change : -6.63 or -1.61%

Dow Industrial : 13,252.76
Change : 8.32 or 0.06%

US Dollar Index : 80.25
Change : 0.317 or 0.40%

The silver and
GOLD PRICE both bounced today, gold 1%, silver 1.7%. While this is a move in the right direction and promises better things, it doesn't rise to gainsaying the downtrend's control.

Yesterday and today the GOLD PRICE made what MIGHT be a rounding bottom, then put an lip on the bowl by rising to $1,665.60. Great, but that was Tuesday's low, so without conquering that, today's rise is merely noise and equivocation. Gold close up $16.60 at $1,659.10.

I spoke yesterday of watching for the right and final shoulder of upside down head and shoulders patterns on both charts. Gold's right shoulder should come anywhere around $1,600, a little higher, but it could dip lower. In silver that shoulder could find its low from 3100c to 3000c.

Of course, no cosmic law prevents their finishing those shoulders a little higher, either.

The SILVER PRICE chart offers a reflection of gold's, with different numbers. Silver's low yesterday fell a little under 3150c, but today it gained 54.6c to close Comex at 3269.3.

Barrier to the SILVER PRICE upward course is resistance at 3285/3275c. A fall through 3150c support will bring a bottom speedily. Silver did reach up to touch its 50 day moving average today (3292c).

Sometimes I wonder whether y'all are paying attention or not. Yesterday I wrote about the Three Stooges the Republicans are fronting as presidential candidates and their inability to beat Barack Obama. Some of y'all castigated me for not mentioning Ron Paul, some of you drew your breath in horrified as if I were supporting Obama.

No. 1, know that it makes not a whit of difference who is elected, neither Obama nor the Three Stooges nor Jack Frost. Whoever it is will not have enough principle to raise a pimple on a hog if he were smallpox. The Establishment, who picks the president, doesn't pick 'em for principle, but for following orders. Whoever is elected, Democrat or Republican, will continue the same policies that are enslaving all of us and feeding our lifeblood to the Establishment, just as Obama continued the Bush policies who continued the Clinton policies who continued the Bush policies who continued the Reagan policies all the way back to Franklin Roosevelt. Whoever is elected will do the Establishment's bidding, or he will meet with a "Lone Assassin keeping a diary." Presidents are like judges, they don't pick 'em for character.

No. 2, I share most of Ron Paul's principles, but perhaps y'all have not noticed that he is the Invisible Candidate. Why do you think that is? Because the media can't see him? Cataracts? Nope, it's because they know who signs their paychecks, and they cover what the signer wants covered. Assume the impossible, that Ron Paul is elected. What then? Assuming, too, he doesn't meet that convenient "Lone Assassin keeping a diary," how much could he change? How hard could he push against the entrenched bureaucracy, the defense establishment, and an economy addicted to defense spending, government money, borrowing, and inflation?

Sure, go ahead, get angry at me because I'm just a fool telling you the obvious truth. Presidential politics is one big red herring intended to make you believe that you can really make a difference, but at that level you are no more than a pawn, utterly powerless. You make yourself the natural prey and dupe of these foul creatures.

Where do you have power and influence then? In your family. In your neighborhood. In your community. In your town or city. In your county. In your state. There you have real power and influence, because those people know and love and trust you. Truth is, rather than do the hard work of fixing things in your own family and neighborhood and state, y'all want to run off flattering yourselves that you're changing the nation with presidential politics. Hogwash.

Last night a reader sent me a quotation that sums it all up, from Buckminster Fuller. "You never change things by fighting the existing reality. To change something, build a new model that makes the existing model obsolete."

Am I become your enemy because I tell you the truth?

Today's markets brought no excitement or changes much. Silver and gold bounced, dollar eased off, stocks crept up. No gamechanger today.

S&P500 did make a coup for morale by closing above the round number 1,400, up 8.06 (0.98%) to 1,402.60 Dow added 8.32 (0.6%) to 13,252.76.

Stocks -- let 'em roar, let 'em roll -- stocks may rejoice in the evening, but the hangover cometh in the morning.

Dollar Index is still backing off its high yesterday about 80.70. 'Twas 80.248, down 31.7 basis points (0.41%) when I looked, but made a low at 80.038.

Dollar should hold 80 - 79.95, where support will be stout. Euro rose same 0.41% the dollar index fell, to 1.3082. Must cross above 1.3120 before it has a future upside. What a chart! Looks like a drunk driver using both feet on brakes and accelerator. Yen broke 120c today to close at 119.7c/Y100 (Y83.54/US$1). A bottom? Oversold as popcorn at the movie theater, but won't stop dropping. Can it go to zero?

One meditates on the world fiat currency set-up and one must conclude that the central bankers all work together, as much as they all eat supper together once a month at the Bank for International Settlements in Basel. One pictures them sweating bullets and trying to restrain their bodily functions as the Euro crisis unfolded, and one can imagine that they would have sold their mothers as eternal streetsweepers just to get each other's co-operation. One then wonders if events unfolding in the currency markets are exactly what they planned. One wonders, that's all. One doesn't wonder what they do about gold: they fight it constantly, but with only occasional bouts of success.

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, March 14, 2012

The Gold Price Lost $51.20 How Far can it Fall?

Gold Price Close Today : 1642.50
Change : -51.20 or -3.02%

Silver Price Close Today : 3214.70
Change : -139.7 cents or -4.16%

Gold Silver Ratio Today : 51.093
Change : 0.602 or 1.19%

Silver Gold Ratio Today : 0.01957
Change : -0.000233 or -1.18%

Platinum Price Close Today : 1664.30
Change : -18.70 or -1.11%

Palladium Price Close Today : 693.95
Change : -7.95 or -1.13%

S&P 500 : 1,394.28
Change : -1.67 or -0.12%

Dow In GOLD$ : $166.06
Change : $ 5.24 or 3.26%

Dow in GOLD oz : 8.033
Change : 0.253 or 3.26%

Dow in SILVER oz : 410.43
Change : 17.58 or 4.48%

Dow Industrial : 13,194.10
Change : 16.42 or 0.12%

US Dollar Index : 80.53
Change : 0.341 or 0.43%

The
GOLD PRICE lost $51.20 and fell clean to the level I yesterday bruited, closing Comex at $1,642.50. Silver did worse, puking up 139.7c to close at 3214.7c.

GOLD PRICE broke $1,680 in European trading, and suddenly looked like a leper in a Turkish bath: no friends at all. Nobody wanted to know gold. It traded down to $1,640 support, and closed Comex at $1,642.50, but in the aftermarket stretched down to $1,634.72. That brought gold's friends out of the shadows and set them to buying -- or at least, covering their short positions.

Tomorrow the battle will take place at $1,635. If GOLD can turn back its attackers there, it can hold on. Otherwise, the break through the 200 DMA today ($1,679) after gold is already below its 50 DMA (1,701) and 150 Dma (1,715.50) argues for a trip to $1,605.

I bought a little SILVER today, because of gold's price. I will buy gold at $1,605, and will be tempted at $1,625. Why tempted? Because I see an upside down head and shoulders forming since November, with a target about $2,030. If that's so, the bottom of this last and right shoulder should occur about there.

A like formation stares out of SILVER PRICE chart, but the shoulder could stop anywhere from 3100c to 2850c.

Hurtful day for silver. Fell through its 50 DMA today (32.85). Already below the 200 (3484c) and 300 DMA (3492c).

Silver made its low at 3146c and could still drop as low at 3000c, maybe lower.

Patient, patient. Lift up your eyes to the horizon.

I don't want to give y'all a headache, but listening to what bits of news broadcasts I can't avoid, it occurs to me that none of the Three Stooges running for the Republican presidential nomination can beat Bernard O'Bama. There's Mitt MakesUSnore Romney, Rick Now-I'm-A-Conservative-But-Still-Had-My- Charisma-Surgically-Removed Santorum, and Newt (like the slick Lizard) Gingrich. There's not enough charm amongst the three of them to make a good Chatty Kathy doll, nor enough integrity to fill up a mustard seed. Y'all thought it was hard to make O'Bama look good, but the Republicans have done it.

STOCKS looked confused today, but after yesterday's big blow-out, a hangover is expected. Dow gained 16.42 (0.12%) but the S&P500 fell 1.67 (0.12%).

Mercy! I keep looking at that chart, wondering how it could have been so mean to lie to me, and I trace out all the same thing again. It's like dating a trashy girl. You know she's trashy, but you just can't believe she keeps lying to you.

Anyway, I still see that mountainous rising wedge on that chart, the predictable (but false) downside breakout, then the Bernanke reversal upwards. Folks, it just don't make sense. Something's going on we can't see. Or maybe, and I still stubbornly believe, more likely, after this little spurt stocks run dry and fall. If they don't, then a large upside down head and shoulders looks for the Dow at nearly 14,900.

I'm watching, but I still wouldn't buy stocks even with your money.

Currencies are enough to give the Headless Horseman a headache. Apropos of nothing the dollar rose 34.1 basis points today to 80.534 and carried all currencies before it. Euro sank 0.42% to 1.3032, looking more like it might blow right past 1.2900 and drop lower. And just when y'all thought the yen could not get any weaker, it did. Again. Dropped 0.92% today (gigantic for a currency) to fall through 120c/Y100. Settled at 119.51c/Y100 (Y83.86/US$1). Maybe investors are tired of holding yen at low or negative interest rates. Maybe Japan -- with its Quasimodo balance sheet and Gargantuan debt -- will be the next focus of questions about creditworthiness of sovereign debt.

Today's the day in 1900 -- 14 March 1900 -- that the US Congress crucified the nation on a cross of gold, declaring superfluously that the country was on a gold standard. This of course is impossible, since the constitution implies the "dollar of silver" is the standard, and then the first congress fixed that standard in 1792 with the Coinage Act. In other words, the Gold Standard Act was just a sop to the bankers, and a knife in the back of farmers and laborers and of course, silver.

SPECIAL OFFER SILVER CLEARANCE

When US 90% silver coin comes through we try to clean all the unmerchantable coin out of the bags, coins that have holes, are bent, or badly worn. Many were minted in the early 1900s, some in the 1800s. After a while this stacks up and ties up capital.

I have 9,580 grams of this slick coin, broken into two each 3,000 gram sacks plus one 3,580 gram sack. That's 32.15 troy ounces gross weight each, but at 90% purity that's only 28.936 pure ounces. These are dimes, quarters, and halves, some worn paper thin, but all you will be paying for the weight of silver, at spot silver value less 10 cents or 32.05 per ounce. If you were pressed to use silver when paper money fails, these ought to circulate, worn as they are.

I am selling these as is, so please don't buy them and call me back in surprise that they are so worn or have holes in them. That's how I'm selling them.

I have three of the following:

No. 1, Two each 3,000 gram sacks of scrap US 90% silver coin containing 86.807 oz of silver each at $32.05/oz = $2,782.17 + $25 shipping or a total of $2,807.17

No. 2, One each 3,580 gram lot of scrap US 90% silver coin containing 103.590 oz at $32.05/oz for a total of $3,320.06 + $25 shipping = $3,345.06 total.

I also have some US 90% silver halves that went through a house fire and are blackened, a few charred. These I will also sell for spot silver less 10 cents or 32.05/oz, which equals $22.916 per dollar face value. So I am selling

No. 3, Five lots of $100.00 face value each of burned US 90% silver halves at $100 x $22.916 = $2,291.60 + $25 equals $2,316.60.

No. 4, One lot of $120.00 face value each of burned US 90% silver halves at $120 x $22.916 = $2,749.92 + $25 equals $2,774.92

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.

Please remember, these are silver survival coins only, and will be worn or fire-blackened. Survival only.

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 silver basis for all prices above is $32.15 ORDERING INSTRUCTIONS:

1. You may order by e-mail only to franklin@the-moneychanger.com. 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.