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Thursday, May 31, 2012

The Gold Price Lost $0.80 Closing at $1,562.60

Gold Price Close Today : 1,562.60
Change : -.80 or -0.1%

Silver Price Close Today : 2774
Change : -.22 or -0.8%

Platinum Price Close Today : 1,416.10
Change : 16.40 or 1.2%

Palladium Price Close Today : 612.10
Change : 7.40 or 1.2%

Gold Silver Ratio Today : 56.33
Change : 0.41 or 1.01%

Dow Industrial : 12,419.86
Change : -160.83 or -1.3%

US Dollar Index : 83.03
Change : 0.61 or 0.7%

Franklin will be away until June 4th and wont be publishing commentary until that time.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com
1-888-218-9226
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. No, I don't.



Wednesday, May 30, 2012

The Gold Price Gained $14.80 Today Closing $1,563.40

Gold Price Close Today : 1,563.40
Change : 14.80 or 0.9%

Silver Price Close Today : 2796
Change : .20 or 0.7%

Platinum Price Close Today : 1,399.70
Change : -26.60 or -1.9%

Palladium Price Close Today : 604.70
Change : 1.20 or 0.2%

Gold Silver Ratio Today : 55.92
Change : 0.13 or 1.00%

Dow Industrial : 12,580.69
Change : 125.86 or 1.0%

US Dollar Index : 82.42
Change : 0.22 or 0.3%

The GOLD PRICE gained $14.80 today closing $1,563.40. The GOLD/SILVER RATIO is the GOLD PRICE divided by the SILVER PRICE, & shows how many ounces of silver it takes to buy one ounce of gold. The Ratio shows us the Primary (20 year) Trend of gold's value against silver. When the Ratio's trend is dropping, silver is gaining value against gold. This trend targets a gold/silver ratio of 16 ounces of silver to one of gold within the next 5 - 10 years. That implies that silver will massively, vastly outperform gold before this bull market ends. When both metals are rallying, the ratio often (but not always) drops, confirming the rally.

The US DOLLAR INDEX is a average exchange rate for the US dollar against the Euro, Yen, Pound sterling, Canadian Dollar, Swiss Franc, and Swedish Krona, weighted for each country's trade with the US. It gives a general measure of the US dollar's performance against all other currencies.

The DOW IN GOLD DOLLARS measures the Dow Jones Industrial Average in gold dollars (0.048375 troy oz. by law). The DiG$ depicts the Primary (20 year) Trend of stocks against gold. When the DiG$ is dropping, gold is gaining value against stocks in a trend that should last 15 - 20 years. The DiG$'s chart is identical to the Dow in ounces of gold, but gives us one unvarying measure all the way back to 1896. Because it shows the primary trend ("tide") of gold against stocks, for investors it is the single most important financial chart in the world today. Since its August 1999 high at G$925.42 (44.8 ounces), the DiG$ has trended down, targeting a G$41.34 - G$20.67 (2 - 1 oz. of gold will buy the whole Dow). The DOW IN SILVER OUNCES shows how many ounces of silver are needed to buy the entire Dow. The DiSoz is trending down with a target of under 36 ounces.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com
1-888-218-9226
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. No, I don't.



Tuesday, May 29, 2012

Gold Price Lost $20.20 or 1.3 Percent to Close at $1,548.60

Gold Price Close Today : 1,548.60
Change : -20.20 or -1.3%

Silver Price Close Today : 2776
Change : -.60 or -2.2%

Platinum Price Close Today : 1,426.30
Change : 1.60 or 0.1%

Palladium Price Close Today : 603.50
Change : 13.55 or 2.2%

Gold Silver Ratio Today : 55.79
Change : 0.49 or 1.01%

Dow Industrial : 0.0
Change : 0.00 or NaN%

US Dollar Index : 82.20
Change : -0.20 or -0.2%

Franklin will be away until June 4th and wont be publishing commentary until that time.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com
1-888-218-9226
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. No, I don't.



Monday, May 28, 2012

Gold Price Closed $11.50 Higher Today Stopping at Comex $1,568.80

Gold Price Close Today : 1,568.80
Change : 11.50 or 0.7%

Silver Price Close Today : 2837
Change : .23 or 0.8%

Platinum Price Close Today : 1,424.70
Change : 4.10 or 0.3%

Palladium Price Close Today : 589.95
Change : 2.55 or 0.4%

Gold Silver Ratio Today : 55.30
Change : -0.04 or 1.00%

Dow Industrial : 12,454.83
Change : -74.92 or -0.6%

US Dollar Index : 82.40
Change : 0.13 or 0.2%

Franklin will be away until June 4th and wont be publishing commentary until that time.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com
1-888-218-9226
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. No, I don't.



Friday, May 25, 2012

Gold Price Closes Down 1.5 Percent this Week Higher Lows than Last Week Confirming Solidarity

Gold Price Close Today : 1,568.80
Gold Price Close 18-May : 1,591.60
Change : -22.80 or -1.5%

Silver Price Close Today : 2837
Silver Price Close 18-May : 2869
Change : -0.32 or -1.1%

Platinum Price Close Today : 1,424.70
Platinum Price Close 18-May : 1,457.10
Change : -32.40 or -2.3%

Palladium Price Close Today : 589.95
Palladium Price Close 18-May : 603.25
Change : -13.30 or -2.3%

Gold Silver Ratio Today : 55.30
Gold Silver Ratio 18-May : 55.48
Change : -0.18 or 1.00%

Dow Industrial : 12,529.75
Dow Industrial 18-May: 12,442.49
Change : 87.26 or 0.7%

US Dollar Index : 82.27
US Dollar Index 18-May : 81.50
Change : 0.77 or 0.9%

Here's a quick note on the silver and GOLD PRICE from The Moneychanger in Alaska:

With Wednesday's closes below both Thursday and Friday, we saw a decline to a higher low than last week. This confirms the solidity of last week's low prices in the GOLD PRICE and the SILVER PRICE, meaning there is a very low risk of buying now.

The GOLD/SILVER RATIO is the gold price divided by the silver price, & shows how many ounces of silver it takes to buy one ounce of gold. The Ratio shows us the Primary (20 year) Trend of gold's value against silver. When the Ratio's trend is dropping, silver is gaining value against gold. This trend targets a gold/silver ratio of 16 ounces of silver to one of gold within the next 5 - 10 years. That implies that silver will massively, vastly outperform gold before this bull market ends. When both metals are rallying, the ratio often (but not always) drops, confirming the rally.

The DOW IN GOLD DOLLARS measures the Dow Jones Industrial Average in gold dollars (0.048375 troy oz. by law). The DiG$ depicts the Primary (20 year) Trend of stocks against gold. When the DiG$ is dropping, gold is gaining value against stocks in a trend that should last 15 - 20 years. The DiG$'s chart is identical to the Dow in ounces of gold, but gives us one unvarying measure all the way back to 1896. Because it shows the primary trend ("tide") of gold against stocks, for investors it is the single most important financial chart in the world today. Since its August 1999 high at G$925.42 (44.8 ounces), the DiG$ has trended down, targeting a G$41.34 - G$20.67 (2 - 1 oz. of gold will buy the whole Dow).

The DOW IN SILVER OUNCES shows how many ounces of silver are needed to buy the entire Dow. The DiSoz is trending down with a target of under 36 ounces.

The US DOLLAR INDEX is a average exchange rate for the US dollar against the Euro, Yen, Pound sterling, Canadian Dollar, Swiss Franc, and Swedish Krona, weighted for each country's trade with the US. It gives a general measure of the US dollar's performance against all other currencies.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com
1-888-218-9226
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. No, I don't.



Thursday, May 24, 2012

The Gold Price Closed $1,557.30 up $9.20

Gold Price Close Today : 1,557.30
Change : 9.20 or 0.6%

Silver Price Close Today : 28.14
Change : .63 or 2.2%

Platinum Price Close Today : 1,420.60
Change : 8.30 or 0.6%

Palladium Price Close Today : 587.40
Change : -3.55 or -0.6%

Gold Silver Ratio Today : 55.34
Change : -0.95 or 0.98%

Dow Industrial : 12,496.15
Change : -6.66 or -0.1%

US Dollar Index : 82.03
Change : 0.28 or 0.3%

Franklin will be away until June 4th and wont be publishing commentary until that time.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com
1-888-218-9226
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. No, I don't.



Wednesday, May 23, 2012

Gold Price Down 1.8 Percent Closing $1,548.10

Gold Price Close Today : 1,548.10
Change : -28.20 or -1.8%

Silver Price Close Today : 27.50
Change : -.66 or -2.4%

Platinum Price Close Today : 1,412.30
Change : -44.10 or -3.1%

Palladium Price Close Today : 590.95
Change : -24.35 or -4.1%

Gold Silver Ratio Today : 56.29
Change : 0.32 or 1.01%

Dow Industrial : 12,502.81
Change : -1.67 or 0.0%

US Dollar Index : 81.75
Change : 0.12 or 0.1%

Franklin will be away until June 4th and wont be publishing commentary until that time.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com
1-888-218-9226
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. No, I don't.



Tuesday, May 22, 2012

The Gold Price Lost $12.10 Closing Comex $1,576.30

Gold Price Close Today : 1,576.30
Change : -12.10 or -0.8%

Silver Price Close Today : 28.16
Change : -.14 or -0.5%

Platinum Price Close Today : 1,456.40
Change : -3.10 or -0.2%

Palladium Price Close Today : 615.30
Change : 4.80 or 0.8%

Gold Silver Ratio Today : 55.98
Change : -0.15 or 1.00%

Dow Industrial : 12,504.48
Change : 135.10 or 1.1%

US Dollar Index : 80.94
Change : -0.14 or -0.2%

Franklin will be away until June 4th and wont be publishing commentary until that time.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com
1-888-218-9226
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. No, I don't.



Monday, May 21, 2012

The Gold Price Down $3.20 Closing $1,588.40

Gold Price Close Today : 1,588.40
Change : -3.20 or -0.2%

Silver Price Close Today : 28.30
Change : -.39 or -1.4%

Platinum Price Close Today : 1,459.50
Change : 2.40 or 0.2%

Palladium Price Close Today : 610.50
Change : 7.25 or 1.2%

Gold Silver Ratio Today : 56.13
Change : 0.65 or 1.01%

Dow Industrial : 12,369.38
Change : -73.11 or -0.6%

US Dollar Index : 81.08
Change : -0.42 or -0.5%

Franklin will be away until June 4th and wont be publishing commentary until that time.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com
1-888-218-9226
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. No, I don't.



Friday, May 18, 2012

The Gold Price Turned Around Rising $17.10 on top of Yesterday's $38.30 to Close $1,591.60

Gold Price Close Today : 1,591.60
Gold Price Close 11-May : 1,583.60
Change : 8.00 or 0.5%

Silver Price Close Today : 28.69
Silver Price Close 11-May : 28.85
Change : -0.16 or -0.6%

Platinum Price Close Today : 1,457.10
Platinum Price Close 11-May : 1,469.10
Change : -12.00 or -0.8%

Palladium Price Close Today : 603.25
Palladium Price Close 11-May : 602.95
Change : 0.30 or 0.0%

Gold Silver Ratio Today : 55.48
Gold Silver Ratio 11-May : 54.89
Change : 0.58 or 1.01%

Dow Industrial : 12,442.49
Dow Industrial 11-May: 12,855.04
Change : -412.55 or -3.3%

US Dollar Index : 81.50
US Dollar Index 11-May : 80.18
Change : 1.32 or 1.6%

THIS WAS THE WEEK THAT THE SILVER & GOLD PRICE TURNED AROUND. Ahh yes, the day dawned, the sky cleared, and that support at $1,526.70 HELD. Do I flatter myself, or did the entire mood in the metals' markets change? Our phones have been ringing off the wall, well, off the desk.

Today the GOLD PRICE gold rose another $17.10 on top of yesterday's $38.30 to close Comex at $1,591.60. Gold rapped on the door of $1,600 with a $1,597.50 high. To maintain this V-bottom pattern, gold must climb quickly through $1,600, $1,630, & then the killer $1,682. Look for at least two of those barriers to fall next week.

Stop waiting to buy gold & silver. Do it NOW.

SILVER PRICE held that support from Oct 11 & Dec 11 (2615c). Low came at 2673c on Wednesday. Silver must now advance through 2900 & jump right smart toward 3000c. Tougher battles will be fought at 3150c.

That's it. That confirms the December low was indeed the low. That turns silver & gold's direction upward again. Only closes below 2673c & $1,526.70 could gainsay that conclusion.

With the lows in silver & gold the GOLD/SILVER RATIO TOPPED at 56.540. Today it floats still at 55.468. If you have not yet swapped gold for silver, you must act quickly. The ratio can fall fall with blinding rapidity. Do not miss this opportunity to set yourself up for another gigantic profit-in-ounces when the ratio again falls to where 28 silver ounces will buy one gold ounce, instead of 55.468.

This week marked the turning point for this correction. Now silver & gold have turned their faces up, toward those old highs at $1,927 & 4982c. Climb aboard, or miss the ride!

Facebook's IPO fell flat on its face today, down several times as low as the $38 offering price, & up on the day only 1%. Not a blistering success when IPO's usually gain 10 - 15%. That's a sour comment on investor interest and the mood of the stock market.Yesterday I warned y'all -- natural born fool from Tennessee that I am -- that the euro was "monstrously oversold" ought to watch for a sudden rally. It happened today, when the euro rose 0.66% to $1.2778. Eyeing a record short position, traders bailed out -- or were squeezed out -- before the G8 summit this weekend. Y'all already know how those Nice Government Men like weekend surprises.

First half of this year mine was probably the only voice in the known universe -- well, one of the few anyhow -- warning y'all that the stock market rally was a trap. The trap has been sprung, & I don't look near about so foolish now. Not that I'm the brightest bulb in the box, I just read labels before I drink contents.
Label on this stock market is "BEAR: Primary Downtrend. Caution, can be hazardous to your solvency & your retirement."

S&P500 touched 1,291 today. Now why would I mention that price? I'm right glad y'all asked. The S&P500 formed a head & shoulders topping pattern beginning in February, and two weeks ago fell through the neckline, signalling a breakdown. From that breakdown at 1,360, it has dropped 8 of the last 9 days, & today opened the trap door at 1,300 & jumped through, closing down 9.64 (0.74%) at 1,295.22. But why 1,291? Because that was the top of the last wave up in November. Should it pierce that support, this battle will get bloody indeed.

The Dow, which closed today at 12,369.38 (down 73.11 or 0.47), took longer to complete its head & shoulders but falling 12 out of the last 13 days helped a bunch.
Dow broke that neckline (about 12,650) two days ago and fell like a drunk at a bar knocking back one too many Tequila shooters.

Both the S&P500 & the Dow are nearing their 200 day moving average (Dow's is now 12,199 & S&P's is 1,278.22) which ought to provide some support for a bounce. After that, doom will resume.

US DOLLAR INDEX fell 36.8 basis points (0.47%) today to 81.125. High came at 81.758, which pert near matches the January peak at 81.78. Not clear to me yet whether the dollar will keep on rallying through 81.78 after a correction. Yen jumped broad and high yesterday and today, up 0.36% today to 126.57c/Y100 (Y79.00/US$1).

I keep picturing a stranger from outer space. He lands on my farm and wants me to tell him about our world. I try to put the best face on things that I can, but he keeps going back to the monetary system: "You use WHAT for money?" I'm so embarrassed I want to dig a hole and crawl in.

I will be away on a cruise from tomorrow through June 1. I won't be publishing commentaries during that time, but the turnaround in silver & gold make your course plain anyway.

Y'all enjoy your weekend!

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com
1-888-218-9226
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. No, I don't.



Thursday, May 17, 2012

The Gold Price Rose $38.30 Can it Climb Above $1,580 Tomorrow to Confirm Reversal?

Gold Price Close Today : 1574.50
Change : 38.30 or 2.49%

Silver Price Close Today : 2799.60
Change : 82.6 cents or 3.04%

Gold Silver Ratio Today : 56.240
Change : -0.300 or -0.53%

Silver Gold Ratio Today : 0.01778
Change : 0.000094 or 0.53%

Platinum Price Close Today : 1449.30
Change : 26.40 or 1.86%

Palladium Price Close Today : 601.65
Change : 12.35 or 2.10%

S&P 500 : 1,304.86
Change : -19.94 or -1.51%

Dow In GOLD$ : $163.36
Change : $ (6.16) or -3.63%

Dow in GOLD oz : 7.903
Change : -0.298 or -3.63%

Dow in SILVER oz : 444.44
Change : -19.26 or -4.15%

Dow Industrial : 12,442.49
Change : -156.06 or -1.24%

US Dollar Index : 81.52
Change : 0.174 or 0.21%

The GOLD PRICE rose 38.30 (up 2.5%) to end at $1,574.50. It left behind a double bottom on Wednesday at $1,527.7 and worked its way up to $1,550. In Europe it danced just under $1,550, then at 8:00 a.m. jumped to $1,557, traded sideways, then gapped up at $1,557 levitated, gapped again ($1,563-$1,566) and shot for $1,580. Closed near the top of the range.

Folks, metals are strong as a garlic milkshake. To preserve that spike bottom for posterity, gold needs to climb above $1,580 tomorrow and confirm its intent. Milestones of success after that are $1,600, then $1,630. The GOLD PRICE must overcome these quickly, and that I expect to see.

The SILVER PRICE has made an upside down head and shoulders reversal, forming the head Wednesday. Before New York opened silver temporized between 2770c and 2738, then about 8:00 followed gold up in the same pattern. Ended the day up 82.6c (3%) at 2799.6c.

2800c will become the new floor for silver. Past three weeks of silver show a cascading blow-off bottom. Today reversed that. Silver will rapidly jump over 2900c to 3000c. Odd to say it because summer is seasonally the metals' sleepy season, but silver could stand at 3400c by end-June.

Whatever evil spell the Central Banking Wizards had cast over silver and gold was broken today. Enough realizers grasped all at once that a bodacious wave of inflation is inevitable, and ran to buy silver and gold. Now the magic is gone, and the Wizards only look like silly bureaucrats in pointed hats, waving little wands like conductors without a symphony.

I will ice this cake by noting that three days ago silver reached its low percentage for this correction against its 300 day moving average. That often pinpoints a reversal.

Better swap GOLD for SILVER now. Ratio may have topped yesterday. Confirming a reversal in gold and silver, premiums on physical silver and gold are rising rapidly, and that will hurt our realized ratio in a swap. If you plan to swap gold for silver, you'd better do it quickly.

That's it. Silver and gold might once bend backward again toward their lows, but evidently the lows were posted yesterday. More about that below.

The euro continues to crumble before the US dollar. The Dollar index today rose another 17.4 basis points (0.22%) to end at 81.516. First barrier to further rise appears at 81.78, the January high. Euro lost 0.18% today to close at $1.2692, not far from the January low at $1.2609. Monstrously oversold, so watch out for a sudden rally. The NGM like to snare currency traders that way.

Making good on the promise of that head and shoulders that's been forming since January, the Dow today sliced through its neckline to lose 156.06 (1.24%) and ended at 12,442.49. (S&P lost 19.94 or 1.51% to 1,304.86. It has lost 100 points in ten days.)

Yesterday the Dow in Gold dollars, which has been forming a diamond, well, really a megaphone, yesterday made a marginal new high at G$169.53 (8.201 oz) and today crumpled to G$163.36 (7.903 oz). Dow in silver ounces plunged from 463.69 oz yesterday to 444.44 oz today. Both have topped. That's your turn of metals against stocks. They have unlatched themselves from stocks, and from currencies, too.

That silver and gold strength in the face of a blooming dollar and withering euro loudly confirms metals' strength.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com
1-888-218-9226
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. No, I don't.



Wednesday, May 16, 2012

The Gold Price Down and Monstrously Oversold as Euro Crisis Looms Must Rally Soon

Gold Price Close Today : 1536.20
Change : (20.60) or -1.32%

Silver Price Close Today : 2717.00
Change : 88.4 cents or -3.15%

Gold Silver Ratio Today : 56.540
Change : 1.047 or 1.89%

Silver Gold Ratio Today : 0.01769
Change : -0.000334 or -1.85%

Platinum Price Close Today : 1422.90
Change : -36.00 or -2.47%

Palladium Price Close Today : 589.30
Change : -10.50 or -1.75%

S&P 500 : 1,324.80
Change : -5.86 or -0.44%

Dow In GOLD$ : $169.53
Change : $ 1.82 or 1.08%

Dow in GOLD oz : 8.201
Change : 0.088 or 1.08%

Dow in SILVER oz : 463.69
Change : 13.42 or 2.98%

Dow Industrial : 12,598.55
Change : -33.45 or -0.26%

US Dollar Index : 81.44
Change : 0.180 or 0.22%

The GOLD PRICE made a low at $1,527.70, practically on my target. Silver posted its low at 2676 c, not far off 2615c support.

Both the silver and GOLD PRICE are coasting along on their bottom Bollinger Bands, something that hasn't happened since fall 2008. Implication? Silver and gold are monstrously oversold, and will shortly come roaring back with a rally, even if only a temporary one.

End of this decline ought to come within a week at most, but that euro crisis hangs over everything, scaring everyone to death, much like the 2008 panic in the US.

Against moving averages the SILVER PRICE has moved to its percentages posted at the December low, and a little further. This must stop soon, or suffer another big slide. I am voting for "stopping soon", because the ECB has pumped massive new money into banks, and should the euro crisis threaten contagion, Ben the Bernancubus will start printing money as if he were Ben Franklin and his own picture was on the bills.

GOLD/SILVER RATIO continues to rise, closed today at 56.540. If you swapped silver for gold within the last 18 months, right now you ought to be swapping back.

Today I am finishing my monthly Moneychanger newsletter for paid subscribers, so have very little time. US Dollar index continued to gain today, more evidence that fear is strangling markets.

Hang on, don't lose your head. One of these days all this pain will be past.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com
1-888-218-9226
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. No, I don't.



Tuesday, May 15, 2012

The Gold Price Lost $3.80 Here are the Reasons for a Turnaround this Week

Gold Price Close Today : 1556.80
Change : (3.80) or -0.24%

Silver Price Close Today : 28.054
Change : (0.265) cents or -0.94%

Gold Silver Ratio Today : 55.493
Change : 0.385 or 0.70%

Silver Gold Ratio Today : 0.01802
Change : -0.000126 or -0.69%

Platinum Price Close Today : 1430.70
Change : -12.30 or -0.85%

Palladium Price Close Today : 594.25
Change : -0.60 or -0.10%

S&P 500 : 1,330.66
Change : -7.69 or -0.57%

Dow In GOLD$ : $167.73
Change : $ (0.41) or -0.25%

Dow in GOLD oz : 8.114
Change : -0.020 or -0.25%

Dow in SILVER oz : 450.27
Change : 1.98 or 0.44%

Dow Industrial : 12,632.00
Change : -63.35 or -0.50%

US Dollar Index : 81.25
Change : 0.595 or 0.74%

Metals slowed their downward trajectory a bit the GOLD PRICE lost $3.80 (0.24%) to $1,556.80 silver lost 26.5 cents (0.94%) to 2805.4c.

I've been musing and musing on this, trying to take my own medicine and remember not to let a correction cast me down. Here are a few items that point toward it ending:

** Dow in silver double topped today at 450.20, matching its end-December top.

** Dow in Gold Dollars closed slightly over its end-December top.

** Buy-side premium for US 90% silver coin has climbed from an 80 cent per ounce discount to a 50 cent per ounce discount. That premium usually rises at lows.

** On 28 December 2011 silver reached its low against its 300 DMA at 80.2%. Next day, the day it bottomed, that percentage rose. Last two days silver repeated that performance. Seems crazy that the slow moving 300 DMA would pinpoint bottoms, but I reckon silver is so volatile and moves so fast that it works that way. Has in the past.

Let us hear the worst of the matter: the GOLD PRICE might yet drop to $1,525 and silver to 2615c.

But the SILVER PRICE has not been this oversold since last September, and before that since 2008. Gold's RSI is MORE oversold than last September, and you have to stretch back to fall 2008 to find it any more oversold.

Of the last 11 days, gold has declined 9. Silver has fallen 11 out of the last 12 days.

All these things argue for a rally in silver and gold soon. In the aftermarket today silver fell 40 cents and gold $12.50. Is that exhaustion selling? May be.

Today gold's low came at $1,541.53 and silver's at 2756c. Right now they are trading barely above those lows. Watch for more exhaustion and a turnaround this week.

GOLD/SILVER RATIO rose to 55.493 today. Time to swap gold for silver. Don't miss this opportunity. That ratio is notoriously quick to turn.

I've been thinking about this mess -- I mean this long, demoralizing silver and gold correction. You can only know after events prove your judgement, but I think I'm close to an answer.

Greece's feared new elections and possible withdrawal from the euro have markets moiled and sweating. What do they do when they're worried, God have mercy on 'em? They run to US dollars, which they see as "safety." Me, I see that as escaping a lion by running into a bear's den -- with the bear inside. I reckon they'll discover that.

US dollar index not only gained 59.5 basis points (0.77%) today but also cut through 81 like Napoleon through Italy. Shot straight up, and keeps on trying to steal the next base in the aftermarket. Dollar has now passed its last high and is working on passing its March high (80.74), maybe tomorrow. Dollar has risen for 11 days without a break, and as it slices through those resistance zones, bids fair to climb even more.

The euro took a tough beating with a big club. Lost 0.73% to $1.2732. Remember when -- a few days ago -- it seemed that $1.3000 would catch it? After gapping down yesterday, the euro's plunge accelerated today. Euro is more oversold than high heel shoes to women, but fear can make it more oversold still. Watch out for a short-covering rally that catches all those shorts, well, with their shorts down.

Yen lost 0.47% today to end at 124.62 cents (Y08.24/US$1). Yen may have spent all its fuel here. A rise above 126 would disprove that suspicion.

STOCKS tried to rally through 12,750, but when they got near that resistance, it hit 'em like Roundup sprayed on dandelions and knocked em dead. Owch, a lower low today, too (12,608). Is there comfort for stock investors in the S&P500? Well, Dow closed 12,632, down 63.35 (0.5%) and the S&P lost 7.69 (0.57%) to end at 1,330.66. Not as much comfort as a pillow full of two-inch bolts.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com
1-888-218-9226
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. No, I don't.



Monday, May 14, 2012

Gold Price Lost $23 Ending at $1,560.60 Next Logical Stop is $1,523.90

Gold Price Close Today : 1560.60
Change : (23.00) or -1.45%

Silver Price Close Today : 2831.90
Change : 53.9 cents or -1.87%

Gold Silver Ratio Today : 55.108
Change : 0.232 or 0.42%

Silver Gold Ratio Today : 0.01815
Change : -0.000077 or -0.42%

Platinum Price Close Today : 1443.00
Change : -15.90 or -1.09%

Palladium Price Close Today : 594.85
Change : -4.95 or -0.83%

S&P 500 : 1,338.35
Change : -15.04 or -1.11%

Dow In GOLD$ : $168.16
Change : $ 0.82 or 0.49%

Dow in GOLD oz : 8.135
Change : 0.040 or 0.49%

Dow in SILVER oz : 448.30
Change : 4.03 or 0.91%

Dow Industrial : 12,695.35
Change : -125.25 or -0.98%

US Dollar Index : 80.64
Change : 0.342 or 0.43%

The GOLD PRICE lost $23 today and ended at $1,560.60. The SILVER PRICE lost 53.9 cents to close at 2831.9c. Bloody, as I warned.

The GOLD PRICE high today at $1,582 never even reached Friday's $1,583.6 close. Gold posted a new low for the move, and of course these lower prices have demolished any thought of a rally from that now spoiled falling wedge. Gold stopped today at a $1,556.10 low, about the location ($1,562.50) of its next to the last December low. Ultimate low came at $1,523.90. Most likely this gold decline, which has lasted now 11 weeks, is nearing its completion. Still, that last (December) low at $1,523.90 is the next logical stopping place. RSI is more oversold than it was at the December low.

The SILVER PRICE 2819c low today matched its early December 2312c low. Comparing silver's position against its 300 day moving average today shows it at the same percentage asat the December low. Nothing says it cannot tumble more, but that number and other moving averages suggest silver will find its feet sometime soon. Ultimate December low was 2615c, making that the logical target. Personally I am guessing it will stop around 2800c.

GOLD/SILVER RATIO today inched over 55 to stop at 55.107. If you still have gold to swap for silver and no longer want to wait for my 57.5 target, I wouldn't blame you for swapping here.

Have y'all ever watched a cat staring at a mouse hole in the woodwork? He stares and stares with infinite patience, until at last he snares a mouse. Right now, silver and gold investors have to possess that selfsame patience.

On Friday I warned y'all it could be a bloody week. The bloodletting started early.

US DOLLAR INDEX continues to rise. During the day it added 34.2 basis points (0.44%) to trade at 80.643, and in the last couple of hours in the aftermarket it has risen to 80.696. Dollar strength stabbed the euro today. It lost 0.74% for a new 4-1/2 month low. 'Twas only lower at the bottom it made middle of January ($1.2624). Euro gapped down today and wound up at $1.2824. Watch out! Everybody in the world is short euros, which sets the market up for a sudden, sharp (as in knife in your back) rally. The yen temporized, rose 0.9% to 125.23c (Y79.85/US$1). Trending treetop-ward.

Between the dollar index and 89 stands only thin resistance about 81.75. Of course, who can scope out, much less foretell, what will move the minds of central banking Nice Government Men? Today they're all strong dollar, tomorrow without warning they go weak dollar. This is not a rational undertaking, so we just look at the chart and watch.

Folks are confused about why stocks and silver and gold are moving together. Life is more subtle than you might expect. Inflation drives both stocks and silver and gold as people run to buy real things to escape depreciating currency. At some remove, stocks do represent the brick and mortar of the underlying firm (if they have any bricks or mortar and not merely software and a website), but because stocks' performance is bound to the economy and because inflation wrecks an economy, stocks never perform as well as silver and gold over the life of an inflation. Far less profitable.

However, that's the long term and in the short term investors have convinced themselves that the dollar (in the teeth of the European crisis) is "low risk" and everything else is "high risk," and they are running for cover. This will pass, and stocks and metals again decouple when inflation perceptions again rise.

Proof that stocks underperform is found on the Dow/Gold or Dow/Silver chart. So far stocks have lost about 80% of their value against metals. They will lose another 80% or more before this inflationary episode or Depression ends.

Look at the five-day Dow chart at http://quotes.ino.com/chart/?s=INDEX_DJI You can plainly see that it breached support put in place from Wednesday to Thursday around 12,800. Thence it fell nearly to 12,650, so 12,800 now becomes resistance to any Dow rally.

Dow closed today at 12,695.35, down 125.25 or 0.98%. S&P 500 lost 15.4 (1.11%) to 1,338.35.

Dow in Gold Dollars offers the only question mark here. It has NOT been falling. That is, both stocks and gold have fallen, but gold has fallen minutely more. This sends the DiG$ bumping against its last high. Why doesn't that signal it is about to break higher? Because it has formed a diamond, a topping formation, and these frustrating patterns, especially in slow turning stocks, can take a long time to finish.

Please note that I will be traveling from 19 May through 1 June, and will not be publishing commentaries during that time. I will, however, have prices sent to y'all daily. Yes, I am taking a vacation with my wife, doing something we never before have done: taking a cruise.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com
1-888-218-9226
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. No, I don't.



Friday, May 11, 2012

Gold Price was Hammered Hard this Week Down $61.10 Gains Made Swapping Gold into Silver

Gold Price Close Today : 1,583.60
Gold Price Close 4-May : 1,644.70
Change : -61.10 or -3.7%

Silver Price Close Today : 2885.8
Silver Price Close 4-May : 3038
Change : -152.20 or -5.0%

Gold Silver Ratio Today : 54.876
Gold Silver Ratio 4-May : 54.138
Change : 0.74 or 1.4%

Silver Gold Ratio : 0.01822
Silver Gold Ratio 4-May : 0.01847
Change : -0.00025 or -1.3%

Dow in Gold Dollars : $ 167.36
Dow in Gold Dollars 4-May : $ 163.87
Change : $ 3.48 or 2.1%

Dow in Gold Ounces : 8.096
Dow in Gold Ounces 4-May : 7.927
Change : 0.17 or 2.1%

Dow in Silver Ounces : 444.27
Dow in Silver Ounces 4-May : 429.17
Change : 15.09 or 3.5%

Dow Industrial : 12,820.60
Dow Industrial 4-May : 13,038.27
Change : -217.67 or -1.7%

S&P 500 : 1,353.39
S&P 500 4-May : 1,369.10
Change : -15.71 or -1.1%

US Dollar Index : 80.286
US Dollar Index 4-May : 79.505
Change : 0.781 or 1.0%

Platinum Price Close Today : 1,458.90
Platinum Price Close 4-May : 1,523.80
Change : -64.90 or -4.3%

Palladium Price Close Today : 599.80
Palladium Price Close 4-May : 649.90
Change : -50.10 or -7.7%

It's been a long while since the silver and GOLD PRICE (let alone the platinum metals) have been hammered this hard in one week. GOLD lost $61.10 (3.7%), Silver lost 152 cents or 5%. Stocks are wallowing in deep swells, too, down 1.7%. To what do we owe all this joy? The US dollar rose 1% last week. Well, and the euro coming unraveled like Frankenstein at the stitching.

Clearly, I read the metals wrong yesterday. Today they contradicted yesterday's hopeful signs by closing below yesterday's lows. Gold has all but invalidated its falling wedge formation and silver already has, tumbling down out of the formation.

The GOLD PRICE gave up $11.50 to close Comex at $1,583.60. Silver misplaced 27.8 cents to end at 2885.8c.

Gold was driven down to $1,572.34 long before New York opened, climbed to $1,590.50 by 10:30, then lost energy the rest of the day.

Now that the GOLD PRICE has fallen to $1,583.60, it's time to reckon what will happen if this level holdeth not. First support appears at the low- before-last in December at $1,562.50, next steps forth at $1,535 - $1,525. Next week promises to be bloody unless gold can scramble back above $1,600.00

Only bright spot in today's trading for me was making a lot of swaps from gold back into silver. One customer had a 47% gain in silver ounces over the silver he traded in last year. Now most of them were in the 10% to 25% range, but still, that's not a bad gain for an investment that payeth no interest or dividends.

The SILVER PRICE made a new low for this move at 2844.6c. High could not rise above 2910c. Next support for silver hides at 2812c, the early December low, but reaching the ultimate December low at 2615c does not lie outside possibility.

I am aware how gloomy all this seems, but the SILVER RSI has dipped below 30, indicating it is heavily oversold. MACD is falling still, but hasn't neared December's lows. About the time y'all think it’s the end of the world -- or the bull market at least -- silver and gold will surprise you. Legendary oilman H.L. Hunt said, "Never get really elated in victory; when times are tough, never get down." I may be as self-deceived as an ugly rich boy in love with a show girl, but I expect lows are near. May see them next week, although you'll feel as if somebody threw you into a cement mixer by the time it's over.

It all boils down to this: What do you trust? The paper money system, that since 1913 has dragged the dollar down from $20.6718 to the gold ounce to $1,583.60 today? The system that picks your pocket every day, and worse, is now run by thieves, incompetents and tapeworms? Or gold and silver, which mankind has valued since the sun came up on Eden? When I talk about this some folks laugh at me and point out that the system has been chugging away since 1913. This differs nothing from telling me that a 1913 Stanley Steamer is a great car because it still runs. The world can no longer afford parasite capitalism, crony central banks, crooked banks, and prosperity-through-government-borrowing. It's breaking up, and I'd rather belong to the new world building than the old world dying.

But y'all hang on to them yankee dollars. I understand Confederate money is worth more than its face value today.

US DOLLAR INDEX today is trading 11.7 basis points (0.15%) higher. Greek politicians of the left won't be able to form a government, so more elections will probably be announced this weekend, according to a friend of mine there. If so the euro will gap down on Monday's open and dollar will rise more.

Adding fuel to the dollar's tank were JP Morgan Chases revelations that it lost $2 billion in 6 weeks on derivatives. Mmmm. . . If THEY can't do it, who can? CEO Jamie Diamond's admissions raise further doubts about other big banks. Where have all the adults gone? Who put these ridiculous infants in charge?

STOCKS had a ragged day, falling off the opening, rising, then falling for the day. Dow lost 34.44 (0.27%) to 12,820.60. S&P500 lost 4.6 (0.34%) to close at 1,353.39. Dow in Gold Dollars remains hovering near the top of its diamond formation, not yet ready to yield and fall.

End to all discussions of whether stocks will soar or sink stands in those head and shoulders tops on the S&P500 and Dow's charts. S&P500 drilled through the neck line earlier in the week -- a "break down" -- rose back to the neck line for a final kiss good-bye yesterday, then plunged again today. Dow has all but penetrated the neckline of its own HandS, and will do when it crosses 12,650. MACD and RSI indicators both point earthward, and volume has risen on the decline. Add to that the seasonal summer desert approaching for stocks: "Sell in May, and go away."
Somebody explain to me what cause for optimism lurks here.

Y'all enjoy your weekend!

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com
1-888-218-9226
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. No, I don't.



Thursday, May 10, 2012

The Gold Price Closed Comex $1,595.10 Silver and Gold Ready to Rise

Gold Price Close Today : 1595.10
Change : 1.40 or 0.09%

Silver Price Close Today : 2913.6
Change : 6.1 cents or -0.21%

Gold Silver Ratio Today : 54.747
Change : 0.162 or 0.30%

Silver Gold Ratio Today : 0.01827
Change : -0.000054 or -0.30%

Platinum Price Close Today : 1485.70
Change : -12.70 or -0.85%

Palladium Price Close Today : 614.85
Change : 0.85 or 0.14%

S&P 500 : 1,357.99
Change : 3.41 or 0.25%

Dow In GOLD$ : $166.60
Change : $ 0.13 or 0.08%

Dow in GOLD oz : 8.059
Change : 0.006 or 0.08%

Dow in SILVER oz : 441.21
Change : 1.61 or 0.37%

Dow Industrial : 12,855.04
Change : 19.98 or 0.16%

US Dollar Index : 80.17
Change : 0.310 or 0.39%

I the silver and GOLD PRICE with a better will and more gladsome mind than I've had in more than a week.

I watched them trading this morning from early on. About 6:00 a.m. EDT the GOLD PRICE hit the trough of a fall from $1,596 to $1,585.90. From there it rose strongly until it peaked at $1,600.90 just before 10:00. Dropped back to $1,592, then oscillated between $1,597 and $1,592 the rest of the day. Comex closed up $1.40 at $1,595.10. That's all well and good, but that's not really what my eye was feeding on. Let me tell you about silver first.

The SILVER PRICE ended the day 6.1c lower at 2913.6c.

Silver's progress mirrored gold's, with a fall from 2935c about 4 a.m. to 2893c about 6:00 a.m. Climbed till 10 up to 2945c, then backed off to end the day spinning between 2910 and 2895c.

Here's what I watched unfold on silver's 5-day chart that entranced me. Tuesday had traced out a mid day low about 2910c, an upside down left shoulder perhaps? Wednesday declined and drew out a head with a mid-day low about 2860c, then it climbed over 2920. Today it traced out the second (right) shoulder with a low at 2893c and a rise to that neckline at 2945c. More than that, the shoulder itself was formed as an upside down head and shoulder as I watched, like nesting Russian dolls. Gold's chart was not as pellucid, but followed the same pattern.

Now all this will be moonbeams and gainsaid if silver breaks 2995 tomorrow. On the other hand, it could found a rally that would reach at least 3040c before it stops.

If you are short silver, or intend to buy more, this constellation favors taking a chance. On gold, too.

GOLD/SILVER RATIO
today closed at 54.747, and I am really tiring of waiting for a higher ratio. Ratio can turn and savage you -- fall like a brick -- without warning. If you swapped silver for gold at 49.80 last year, you can swap back into silver today with a 12.6% profit. Best think hard about taking the profit and scooting.

My, O, my, finally an interesting day! Nothing seen clearly yet, but the haze is beginning to dissipate. Maybe.

US DOLLAR INDEX barely rose, 3 basis points to 80.169. That was enough room for all the markets battered for the last 8 days to lift their heads up for a breath.

Dollar now at a crossroads where it will either advance toward 89, or fall away toward the 2008 low near 70. No, I don't know which, but lean toward the rally, which would last probably six months, although it hard to imagine that anybody would want to hold dollars if O'Bama is re-elected in the fall. Rally will blow a headwind against silver and gold, but they've already reached their bottoms, although it will be a long, painful climb back to their last highs and above. That could well eat up another six months.

Euro bounced today, not high enough to change anything. Yen lost 0.46% to 125.02c (Y79.99/US$1). Still points toward the clouds.

Like the famous cat dropped from a ten story building, STOCKS bounced today. Bounce took the S&P500 up for a (likely) kiss good-bye to the neckline it fractured two days ago on its way to meet gravity at the earth's core. Dow still has not reached the neckline with its final (right) shoulder, but it stands outside hailing distance of its 50 DMA (13,055) and 20 DMA (13,050), so inertia is pulling it down.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com
1-888-218-9226
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. No, I don't.



Wednesday, May 09, 2012

The Gold Price Tumbled Again With an Ominous Low of $1,580.54 Closing $1,593.70

Gold Price Close Today : 1593.70
Change : (10.30) or -0.64%

Silver Price Close Today : 2919.70
Change : 21.7 cents or -0.74%

Gold Silver Ratio Today : 54.584
Change : 0.053 or 0.10%

Silver Gold Ratio Today : 0.01832
Change : -0.000018 or -0.10%

Platinum Price Close Today : 1498.40
Change : 1,347.80 or 894.95%

Palladium Price Close Today : 614.00
Change : -9.40 or -1.51%

S&P 500 : 1,354.58
Change : -9.14 or -0.67%

Dow In GOLD$ : $166.48
Change : $ (0.16) or -0.10%

Dow in GOLD oz : 8.054
Change : -0.008 or -0.10%

Dow in SILVER oz : 439.60
Change : -0.06 or -0.01%

Dow Industrial : 12,835.06
Change : -97.03 or -0.75%

US Dollar Index : 80.16
Change : 0.248 or 0.31%

Today the GOLD PRICE tumbled again, down $10.30 to close beneath $1,600 at a morale bruising $1,593.70, but only $2 from the high. Low was an ominous $1,580.54. That is probing the bottom boundary of the falling wedge. Resolving that usually bullish falling wedge with a plunge would be very bad juju.

On both the five day silver and GOLD PRICE charts there begins to form an upside down Hands that will signal a reversal, IF gold falleth not through $1,580 (today's low) and silver toppleth not through 2860c.

The SILVER PRICE pricked the bottom boundary of that falling wedge with its 2861 cent low, but closed within the wedge. Is that an aberration or a violation? Silver is sloppy in observing chart lines, often spiking over or under without following through. No way to know until it follows through up or down.

Silver closed near the 2931c high of today's range, losing 21.7c to close 2919.7c on Comex.

Checking silver as a percentage of its various moving averages, it is approaching last December's low readings. Unless silver intends to make this a mighty slump indeed, that whispers that an end to this decline draws nigh.

Mmmm. Why do the 5 day Dow, GOLD, and silver charts look so much alike? Something ain't right. Over the long term, stocks and gold and silver move opposite to each other, because what drives gold up -- inflation -- drives stocks down (by filling the economy with uncertainty and inefficiency). But markets aren't logical in the short term, and these irrational divergences can persist a long time.

Dollar index rose 24.8 basis points (0.32%) today to 80.155. 'Tis not that the dollar is strong or attractive for its high interest rate, but that the unreasoning, madding mob's fear is driving them into US dollars and US government treasuries. Want to know what sort of looney world we live in? In this looney world, US dollars (pure moonbeams) and US government Debt (moonbeams and dope smoke) are counted "safe." Surely somewhere in this universe there's a planet that makes sense. I want to go there.

The "flight to safety" is buoying up the sinking dollar, flagellated by fear that the euro and lots of European government debt and banks will fall face down in the financial mud. Euro dropped beneath $1.3000 today, gapped down and closed down 0.5% at $1.2933. By now half the speculating world is short euros, so they'd better hope no Eurocrat comes up with some fix that would drive the euro suddenly skyward.

STOCKS were swimming in concrete shoes today. At the low they reached 12,748, but ended the day at 12,835.06, down "only" 97.03 (0.75%). S&P500 lost 9.14 (0.67%) to 1,354.58.

Five day charts for both stocks indicate that in the last two days they MIGHT have begun turning around. On the longer term charts the S&P500 has penetrated the neckline of its head and shoulders top formation and kept on falling. Dow today nearly completed the right shoulder of its HandS, and will complete it when it closes about 12,650. That argues against anything more that a temporary turnaround.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com
+1-888-218-9226
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. No, I don't.



Tuesday, May 08, 2012

The Gold Price Took a Big Hit Today Losing $34.60 Closing $1,604 How Far Will it Fall?

Gold Price Close Today : 1604.00
Change : (34.60) or -2.11%

Silver Price Close Today : 2941.50
Change : 65.8 cents or -2.19%

Gold Silver Ratio Today : 54.530
Change : 0.043 or 0.08%

Silver Gold Ratio Today : 0.01834
Change : -0.000014 or -0.08%

Platinum Price Close Today : 1507.60
Change : -18.00 or -1.18%

Palladium Price Close Today : 623.40
Change : -22.20 or -3.44%

S&P 500 : 1,363.72
Change : -5.86 or -0.43%

Dow In GOLD$ : $166.66
Change : $ 2.57 or 1.57%

Dow in GOLD oz : 8.062
Change : 0.124 or 1.57%

Dow in SILVER oz : 439.64
Change : 7.07 or 1.64%

Dow Industrial : 12,932.01
Change : -76.52 or -0.59%

US Dollar Index : 79.87
Change : 0.305 or 0.38%

The Big Hit landed on the GOLD PRICE today. It lost $34.60 to close Comex at $1,604.00, down 2.11%. Silver gave up 65.8 cents to shutter the shop at 2941.5c.

Before I say one word about the silver and GOLD PRICE and bottoms and targets, I'll tell y'all that we'd all be better off and shuck a lot of anxiety if we just decided to ride the primary trend, buy when the price drops, and trust God for the outcome. But my phone is nearly melting with all the folks calling asking what we think the metals will do, and saying they're going to wait for another little drop.

They'll never get it bought, because at every price, they'll still be waiting for "just a little more." Bulls get rich, and bears get rich, but pigs get slaughtered.

So having warned against trying to catch a falling knife, I will now attempt to do it, natural born fool that I am.

Today the GOLD PRICE dove through the upper boundary of that falling wedge pattern. Likely it will touch that lower boundary, now about $1,575, before it stops. (Ask yourself if this putative 1.5% is worth waiting for.)

However, full disclosure wants to add that if that bottom boundary holdeth not, gold might plunge to next support, now about $1,500.

Times like these you have to figure out what you believe and hang on to it. If we are near gold's bottom -- and I believe we are -- this offers a spectacular buying opportunity, but only if you can cinch up your fears and do it. Otherwise it only offers those bragging rights that begin, "One time I ALMOST bought gold right near the bottom, but . . . "

The SILVER PRICE cascaded down 65.8 cents to 2941.5c. It sliced clean to the bottom boundary of the falling wedge. Now it stands at the crossroads.

Road # 1, silver stops right here. (Low today was 2911c).

Road #2, silver steps through that boundary, invalidating the bullish falling wedge, and seeking 2812c, or even the mid-2700c. It would reach those levels if its relation to certain moving averages matched those at the December 2011 lows. However, those are all so oversold already that silver may not match those December lows

Whatever y'all do, buy only the US 90% SILVER coin, which is an eye-popping $2.66 an ounce cheaper than silver American Eagles and $1.01/oz cheaper than silver rounds. Never forget: OVER TIME, PREMIUM ALWAYS DISAPPEARS.

In this Best of All Possible Worlds, Spain's fourth largest bank will be bailed out to the tune of $13 bn. I'm telling y'all, saving them banks is becoming a mite pricey, but I reckon the whole world's enslaved to them.

Y'all can moan and complain about gold and silver tumbling, but as long as the banks are in charge, both metals have a secure and brilliant future.

US DOLLAR INDEX took off the velvet gloves today and rose an unambiguous 30.5 basis points (0.31%) to 79.869. Close wasn't quite unambiguous, though, as it perched plumb on the upper boundary of the even-sided triangle. Intraday yesterday and today the dollar punched to 80. That and the European turmoil argue the dollar will clamber higher.

You didn't want to own euros today. Euro dropped 0.31% to $1.3013, but that $1.3000 support has the life expectancy of a Tootsie Roll in a kindergarten thirty minutes before lunch. Lower it will go.

Yen remained fairly flat again today, up 0.08% to 125.26c (Y79.83/US$1). Should go higher, although there's not a fundamental reason in the world for it, as it's the rottenest of all the rotten fiat currencies.

STOCKS had water lapping over the gunwales today from the moment they launched. Dow's low appeared at 12,810, but "Somebody" came to the rescue late in the day and it closed down only 76.52 (0.6%) at 12,932.01. S&P500 lost 5.86 or 0.43% to end at 1,363.72. S&P500 fell clean through the neckline of its head and shoulders top pattern while the Dow worked on completing the right shoulder of its HandS. Candide couldn't find ground for optimism here.

Yet strange to recount, the Dow in Gold Dollars today closed exactly at its March high, G$166.66 (8.062 oz). Four days ago it made a slightly higher high, but that top of this range has contained it for months as it forms a diamond top. One day soon it will break down, taking stocks much lower and gold higher, or stocks lower faster than gold.

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. No, I don't.



Monday, May 07, 2012

Gold Price Lost $6.10 Closing $1,638.60 Silver Down too

Gold Price Close Today : 1638.60
Change : (6.10) or -0.37%

Silver Price Close Today : 3007.20
Change : 30.8 cents or -1.01%

Gold Silver Ratio Today : 54.489
Change : 0.352 or 0.65%

Silver Gold Ratio Today : 0.01835
Change : -0.000119 or -0.65%

Platinum Price Close Today : 1525.60
Change : 1.80 or 0.12%

Palladium Price Close Today : 645.60
Change : -4.30 or -0.66%

S&P 500 : 1,369.58
Change : 0.48 or 0.04%

Dow In GOLD$ : $164.11
Change : $ 0.25 or 0.15%

Dow in GOLD oz : 7.939
Change : 0.012 or 0.15%

Dow in SILVER oz : 432.58
Change : 3.41 or 0.79%

Dow Industrial : 13,008.53
Change : -29.74 or -0.23%

US Dollar Index : 79.58
Change : 0.085 or 0.11%

Today on Comex the GOLD PRICE lost $6.10 to close $1,638.60 while the SILVER PRICE lost 30.8 cents and ended at 3007.2c.

Riddle this: Gold's low today at $1,632.66 was higher than Friday's low at $1,626.50. Don't make a lick of sense. Today's high came in lower than Friday's by $4 at $1,642.50.

Anyhow, this was not Disaster Day for the GOLD PRICE. It remains above the upper boundary of that falling wedge (which foretells a leap up), sliding down that boundary like a kid on a playground slide. This constitutes no "break down", is a higher low than Friday's, and overall offers some hope that gold made its low for this move on Friday.

Time I walked in the office this morning silver was at 2978c and had been as low as 2968.9. That was only a few cents lower than Friday, so that might mark a double bottom.

I am sure waxing tired of these predictable days in silver and gold where "somebody" enters the market on open or an hour later and sells the snot out of it, driving it down suddenly, only to watch it bounce back to reclaim most of the loss. So it was today, so I just bought some down there under 3000c. That close above 3000c was good for silver morale, and shows some strength. However, silver lost against the GOLD PRICE today. GOLD/SILVER RATIO rose from 54.138 on Friday to 54.489 today, making that swap from gold to silver shine even brighter.

How is silver doing on that falling wedge? Well, it fell through the top boundary toward the lower one and I'd say it bounced off. As long as silver does not close below 2950c, that falling wedge remains intact and points to an upside move.

Imagine that at the US election in the fall, both Republicans and Democrats together fail to win 49.5% of the vote. Neither O'Bama or Romney (or whatever other apparatchik the Republicans front) wins, but Ron Paul wins the presidency while the Green Party wins control of the House.

That is something like what happened in Greece over the weekend, where the New Democracy Party and PASOK (the establishment parties) failed to win 49.5%, couldn't form a government, and the far left party stepped up to bat next. They are trying to form a coalition with a far right party, and both the press is predictably terming "fringe" parties because they spout not the establishment line, i.e., "bail out the banks."

To heap hand grenade on dynamite for the euro, in France Sarkozy, who has served as German Chancellor Merkel's faithful toady in bailing out the banks, was overthrown by a socialist, Hollande. Don't get too excited, in spite of the name the Socialists in France are roughly like Demos and Repubs here, an establishment party. Expect no revolution there.

All this sayeth not exactly that Greece will exit the euro and the euro will implode, but it surely increaseth the likelihood. Markets thought so, anyway. The Nice Government Men in the US must have lost lots of sleep over the weekend as those rogue elections sent the dollar shooting above 80: "Send in the Manipulators!" Didn't do the euro any good, It gapped down and fell clean to 1.2960 over the weekend, but climbed above $1.3000 to end today at $1.3053, down only 0.24%. That $1.3000 stands as the Euro's last support between it and $1.2600. Japanese yen stayed out of the fray, closing at 125.18c (Y79.88/US$1), about unchanged.

US DOLLAR INDEX closed up only 8.5 basis points (0.11%). That leaves it ambiguously poised just above its 20 day moving average (79.33) but beneath the upper boundary of the triangle (or diamond) it's been painting since January. If the euro breaks $1.3000 and gets into serious trudging, dollar could hit 81 overnight, nice government men notwithstanding.

Strange, strange US stock markets today. Dow chart looks like an ironing board, with most of the action in the legs, down below Friday's close. Dow lost 29.74 points (0.23%) to end barely clinging by its hangnails to 13,000 at 13,008.53.

On the other hand, the S&P500 and Nasdaq Comp. charts look nearly identical, with both indices underwater until 12:30, then rising to end the day barely up (0.04% and 0.05%). S&P500 gained a -- get out your magnifying specs -- 0.48 point -- to 1,369.58.

Last week I kept telling y'all about that head and shoulders in the stock charts, and this week the S&P500 stands right on the neckline, ready to fall through that trap door. Dow has not yet completed its right shoulder, but today closed below its 20 and 50 DMAs (13,044 and 13,062). If any of this argues for higher stock prices, it's such a squeaky small voice I can't hear it.

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. No, I don't.