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Friday, August 31, 2012

Both the Silver and Gold Price Cleared their Downtrend Lines from 2011 Gold Up $31.10 Higher Prices Next Week

Gold Price Close Today : 1,684.60
Gold Price Close 24-Aug : 1,669.80
Change : 14.80 or 0.9%

Silver Price Close Today : 31.37
Silver Price Close 24-Aug : 30.61
Change : 0.764 or 2.5%

Gold Silver Ratio Today : 53.701
Gold Silver Ratio 24-Aug : 54.558
Change : -0.86 or -1.6%

Silver Gold Ratio : 0.01862
Silver Gold Ratio 24-Aug : 0.01833
Change : 0.00029 or 1.6%

Dow in Gold Dollars : $ 160.64
Dow in Gold Dollars 24-Aug : $ 162.89
Change : $ (2.25) or -1.4%

Dow in Gold Ounces : 7.771
Dow in Gold Ounces 24-Aug : 7.880
Change : -0.11 or -1.4%

Dow in Silver Ounces : 417.30
Dow in Silver Ounces 24-Aug : 429.91
Change : -12.61 or -2.9%

Dow Industrial : 13,090.84
Dow Industrial 24-Aug : 13,157.97
Change : -67.13 or -0.5%

S&P 500 : 1,406.58
S&P 500 24-Aug : 1,411.13
Change : -4.55 or -0.3%

US Dollar Index : 81.217
US Dollar Index 24-Aug : 81.563
Change : -0.346 or -0.4%

Platinum Price Close Today : 1,536.60
Platinum Price Close 24-Aug : 1,553.10
Change : -16.50 or -1.1%

Palladium Price Close Today : 627.95
Palladium Price Close 24-Aug : 651.55
Change : -23.60 or -3.6%

Today was one of the most exciting days I've ever experienced for the silver and GOLD PRICE, and one of the plainest.

I glanced at the screen early and the GOLD PRICE had dropped to $1,644. Uh, oh! I thought, that's the very bottom of that flag -- better catch soon or the fall will be shattering. Next I looked, after Bandit Ben fired the Blarney blast at 10:00, GOLD had shot up to $1,674. I looked at a five minute chart, and have never seen a chart that plain. Breakaway gap at $1,658, then another above at $1,674, then another later at $1,677. It closed at $1,684.60, up $31.10, and in the aftermarket has traded up to $1,692.50.

Y'all believe me now about that flag formation? Expect this rascal to run to $1,740 before it ever pauses to breathe.

If you can put up with the awful lows from the manic-depressive SILVER PRICE, you sure can have some fun when it gets high. Today silver acted just like gold, only more so. Didn't gap as much, but OH! It climbed straight up, 100.3c to end at 3137c and a new high for the move.

Did I mention that flag on the silver chart? Friends, silver plumb validated that today. Silver is targeting 3445c before this move ends.

Remember that silver's Great Hurdle in escaping a correction is to rise above the 300 DMA, now at 3253c.

I do not discount as impossible a rise clean to $1,740 and 3445c followed by a severe retracement, but seems far less likely now. Why? Because BOTH have cleared their downtrend lines from the 2011 highs. Look for a higher SILVER and GOLD PRICE next week.

Folks, the next big move has begun. Buy, just buy.

"Boom! Boom" went Bandit Ben's blarney cannon.
"Buy! Buy!" Sang every stock broker and yes-man.
Why should a central banker ever act
When blarney does all, with much more tact?

Clearly, the markets suffer from a massive overpopulation of bean-brains who believe that inflation helps economies. These people are so bedumbed that they would vote for Obama or Romney. Well, it's an ill bean-brain that bestows no good, and this one does, on silver and gold. In fact, exactly the persistence of this stupidity makes them profitable for us.

Ben's bloviation was, as expected, a collection of self-evident bromides. Apparently what got everybody's juices a-flow was this jawbreaker,

"Taking due account of the uncertainties and limits of its policy tools, the Federal Reserve will provide additional policy accommodation as needed to promote a stronger economic recovery and sustained improvement in labor market conditions in a context of price stability."

It jes' sings, don't it?

For you engineers, you'll note that he doesn't say a blessed word about what he actually intends to do. OF COURSE the Fed will "provide additional policy accommodation" [translation: "inflate more"] because that's what the Fed was created to do, inflate. Don't hydrophobic skunks bite?

But Bernanke's rule, like Lenin's, is "Tell 'em what they want to hear." Talk, and you don't have to act.

'Twas enough to suck the life out of the US dollar index. It lost 50.1 basis points or 0.64% to 81.217, back down to that last big low at 81.16 (June). One would expect -- we will see next week -- big follow-through to lower prices. 200 DMA stands near, at 80.60.

My suspicion is that Bernanke and his accomplice malefactors have decided to take the dollar lower to take heat off Europe. A lot lower. But even if they haven't, they certainly will take it lower by more inflating. You can bet BIG money on that outcome.

Euro poked its scabby head through $1.2600 resistance but couldn't clear the mark. Rose 0.60% to $1.2583. If that really is an upside down head and shoulders on the chart, it could rise to $1.3200.

Yen in fact did close above its downtrend resistance, up 0.47% at 127.77c (y76.27). Both the yen and euro show signs of climbing much higher.

Ben's blarney cannon saved stocks from the deep abyss they were leaning over. Dow shot up 90.13 (0.95%) to 13,090.84. S&P500 gained 0.51% (7.1) to close at 1,406.58. As Steve Saville of The Speculative Investor noted recently, stocks have nothing to do with economic performance anymore, they become a casino where you can bet on what policy makers might do.

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, August 30, 2012

Gold Price Closed Down at $1,653.50 but 5 Day Chart is just Trading Sideways with no New Highs or Lows

Gold Price Close Today : 1653.50
Change : -6.00 or -0.36%

Silver Price Close Today : 30.367
Change : -0.470 or -1.52%

Gold Silver Ratio Today : 54.451
Change : 0.635 or 1.18%

Silver Gold Ratio Today : 0.01837
Change : -0.000217 or -1.17%

Platinum Price Close Today : 1502.70
Change : -16.60 or -1.09%

Palladium Price Close Today : 614.90
Change : -19.95 or -3.14%

S&P 500 : 1,399.48
Change : -11.01 or -0.78%

Dow In GOLD$ : $162.53
Change : $ (0.73) or -0.44%

Dow in GOLD oz : 7.863
Change : -0.035 or -0.44%

Dow in SILVER oz : 428.12
Change : 3.06 or 0.72%

Dow Industrial : 13,000.71
Change : -106.77 or -0.81%

US Dollar Index : 81.56
Change : 0.185 or 0.23%

I understand the GOLD PRICE closed lower today, down $6 to $1,653.50, but on the 5 day chart it looks like nothing at all but a sideways range, no new low, no new high, just about the same range as yesterday. High at $1,663.84, low at $1652.3. Close below $1,645 gainsays the flag on the GOLD chart, so watch out.

The SILVER PRICE, on the other hand, fell 47 cents today to 3036.7 and made a new low for the move at 3022.5, about as far as it can travel and still keep that flag in play. Closed nearly on, but a smidge below, its 200 DMA (3042).

Times like these make me feel about central banks, central bankers, and fiat money the same way a ten year old feels about chicken pox and liver.

Y'all be patient. Whatever Ben bloviates, y'all already know it'll be something everybody already knows. He's full of clichés like, "The youth of today are the leaders of tomorrow" and other remarkably deep insights. I'd rather fall into starving chiggers than have to listen to one of his speeches.

Stocks must be even weaker than I thought, since the Dow plunged 106.77 (0.81%) today to 13,000.71 on news Ben the Bandit MIGHT not announce in his Jackson Hole speech tomorrow a new plan to inflate more. I'd just as soon Bernanke and the whole Crowd of the Mighty climbed down in that Jackson Hole and pulled it right in over the top of 'em.

My, my, that sure was a photogenic close, 13,000.71, a thin 0.71 points above the morale-bustin' 13,000 level. S&P500 lost 11.01 (0.78%) and ended at 1,399.48 -- whoops!. Stands right on the bottom boundary of that rising wedge, and the neckline of the January-May head and shoulders neckline. Wouldn't take more than a mouse burp to push it over the cliff.

Well, well, dollar index performed today about as expected -- down a leetle yesterday, up a leetle today. Trading now 81.689, up 14.2 basis points. Trend is down, but the Nice Government Men are stretching it out as long as they dare.

Euro backed off 0.19% to $1.2506, sidling sideways. Yen did the same, but rose 0.14%. Nobody's moving, afraid of imminent fire from Ben's Blarney Cannon.

I walked into the kitchen yesterday and thought the Last Great Chicken Slaughter had happened. Naked chickens were piled chin high in the sink. Then I noticed they were all in plastic bags. Thawing. Oh, yeah, my wife Susan was getting ready to smoke them for the Bodacious Hoedown on Saturday. She's over near the barn now, six smokers billowing like blast furnaces, happy as little girl with a new kitten.

Y'all are still welcome to join us. Read about it at http://the-moneychanger.com/hoedown_2012.

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, August 29, 2012

The Gold Price Gave Up $6.70 Today Gold Remains in Primary Uptrend and Will Usually Resolve Upside

Gold Price Close Today : 1659.80
Change : -6.70 or -0.40%

Silver Price Close Today : 30.837
Change : -0.038 or -0.12%

Gold Silver Ratio Today : 53.825
Change : -0.151 or -0.28%

Silver Gold Ratio Today : 0.01858
Change : 0.000052 or 0.28%

Platinum Price Close Today : 1516.60
Change : 0.10 or 0.01%

Palladium Price Close Today : 630.55
Change : -4.85 or -0.76%

S&P 500 : 1,410.49
Change : 1.19 or 0.08%

Dow In GOLD$ : $163.25
Change : $ 0.73 or 0.45%

Dow in GOLD oz : 7.897
Change : 0.035 or 0.45%

Dow in SILVER oz : 425.06
Change : 0.67 or 0.16%

Dow Industrial : 13,107.48
Change : 4.49 or 0.03%

US Dollar Index : 81.56
Change : 0.185 or 0.23%

I saw something new in the silver and GOLD PRICE charts today. Gold gave up $6.70 today to end at $1,659.80 while silver lost only 3.8 cents to 3083.7c. Silver's last three days' lows have been 3055c, 3058c, and 3059c. Clearly, 3055c has drawn its line in the sand.

But here's what I saw new in the 4-month silver chart: a pennant. At least, it's a pennant until it proves it's not a pennant by falling down out of the formation.

Pennants and flags work about the same way. They spurt up and sketch a flagpole, trade sideways a few days, then spurt up again, usually the same distance as the first rise, hence the saying, "Flags always fly at half mast."

The SILVER PRICE formation is a pennant, barely above its 200 DMA (3044c) and bumping against the downtrend line (about 3100c). If silver doesn't drop below 3044, maybe 3025c, then it's a flag and another upside jump looms. If it falls lower than 3025c, that gainsays the flag and sends silver back toward its breakout point at 2820c.

If this is a pennant, silver has its sights on 3445c.

The GOLD PRICE formation is more a flag, with slightly lower lows, bounded above by the downtrend line (from the 2011 highs). If this is a flag, gold will reach for $1,740. If not, it will fall toward the $1,625 breakout point.

And I don't know which it is, flag, pennant, or exhaustion, any more than a hog knows what a sidesaddle is for. Market will just have to tell us. Here's a hint, though: GOLD and SILVER are in a primary uptrend (bull market) and since they are primarily trending upwards, bull markets usually resolve to the upside, especially after they spent a year or more in a correction.

But what do I know? I'm nothing but a natural born fool from Tennessee, and ain't never wore pointy-toe shoe like them Wall Street fellers and central bankers a day in my life. If I wasn't a plumb fool, I wouldn't put myself up against Great Ones like them. Why, I'd jes' do what they tell me and let them steal my land and pick my pocket as much as they wanted, 'cause they're my Betters. It sez so in their Bible. Me, I've worn out three Bibles trying to find that part, but it has clean eee-scaped me.

The Great Ones Who Will Save Us did nothing much today. Many of TGOWWSU are meeting at Jackson Hole, where our own American Criminal Central Banker, Bandit Ben, will speak on Friday. Ooooo -- just before a 3 day weekend. Not good, as the Great Ones like to slam their traps shut -- the traps that catch us -- before 3 day weekends. That warning aside, what can Ben the Bloviator in fact say? More "we're thinking about inflating, but we're also thinking about not inflating"? Nothing worth hearing. Central bankers are like cockroaches. It's not so much what they steal and carry off as what they fall into and mess up that bothers you.

Thinking about that US dollar index, I looked at it another way. Up 18.5 basis points today, down 29.8 yesterday, up 11.3 day before, up 19.5 before that, down 14.9 day before. Think of letting steam out of an overheated boiler -- bleed it off a bit at a time. Look at the chart for the last 6 weeks, since the dollar's high at 84.10, and you will see that controlled fall. Nice Government Men in action.

Euro fiddled again at $1.2600 resistance. Dropped 0.29% to $1.2529, but is trying to break through that $1.2600. Friend pointed out to me a half-completed upside down head and shoulders reversal pattern in the euro. May be.

Yen is bouncing like a pin ball between the downtrend line and its 20 DMA. Dropped today 0.23% to 127.09c (Y78.68). I can't imagine the Japanese NGM really like this, or will accept it long term. They need a lower yen.

I apologize: I posted the wrong closes for the Dow and S&P500 yesterday, but wasn't off much. Sorry.

Stocks today rose without conviction, unable to retain the day's gains and closing nearly unchanged. Dow gains 4.49% (0.03%) to 13,107.48 and the S&P500 raced right along, up 1.19 (0.08%) to 1,410.49.

Both indices remain stalled in their rising wedge formations, biding time until they collapse again. Closes below 1,400 and 13,000 suck them down like the Great Maelstrom, Moskstraumen.

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, August 28, 2012

The Gold Price Came back Strongly after Falling Last Night to Close at $1,666.50

Gold Price Close Today : 1666.50
Change : -5.90 or -0.35%

Silver Price Close Today : 30.875
Change : -0.173 or -0.56%

Gold Silver Ratio Today : 53.976
Change : 0.111 or 0.21%

Silver Gold Ratio Today : 0.01853
Change : -0.000038 or -0.21%

Platinum Price Close Today : 1519.10
Change : -32.80 or -2.11%

Palladium Price Close Today : 539.70
Change : -15.05 or -2.71%

S&P 500 : 1,410.82
Change : 0.38 or 0.03%

Dow In GOLD$ : $162.73
Change : $ 0.52 or 0.32%

Dow in GOLD oz : 7.872
Change : 0.025 or 0.32%

Dow in SILVER oz : 424.90
Change : 2.18 or 0.51%

Dow Industrial : 13,118.74
Change : -5.93 or -0.05%

US Dollar Index : 81.35
Change : -0.298 or -0.36%

The GOLD PRICE pocket was picked for $5.90 today. Closed Comex at $1,666.50. Silver lost 17.3 cents to close 3087.5c.

Five day gold chart shows a correcrtion. Overnight gold fell to $1,658.70, but came back strongly today with another rush at $1,672. Didn't work.

The GOLD PRICE is blowing hot and cold out of both sides of its mouth. It is running at $1,675 as if it wanted to break down that door, but can't make it. On the other hand, should it fall below $1,645, it could revisit $1,600: tug of war, and I don't know who is stronger.

The SILVER PRICE at 3098c made a slightly lower high than yesterday's, but at 3058c a low only a penny lower. Silver's upper boundary is 3124, lower is 3045c. A break through either one takes it a long way in the same direction.

What does it say to y'all that after comments from a German former ECB official and a Bavarian politician recommending that Greece leave the EU, the German Chancellor Angela Merkel pleads in public for everyone to "weigh their words carefully"? Does that sound like someone who has a solution, or someone who sees the wheels falling off and wants everybody to keep his mouth shut?

What is proposed for the ECB is to buy the debt of Spain, Italy, Greece, etc., effectively monetizing that debt. Since Germany in the Weimar inflation (1920 - 1923) saw the Reichsmark fall from 4.23 gold marks to the dollar to 4.23 Trillion marks to the dollar by precisely this process, the central bank buying up govenrment debt. In the process German society was undermined, the middle class impoverished, and the way paved for Adolf Hitler.

By the way, when Ben the Bandit and his Friendly Feds buy all the leftovers at US Treasury debt auctions, they are following exactly the same process.

Markets are moving little, anticipating Ben's Bloviations at the Jackson Hole Meeting of the Mighty on Friday. Super-Mario Draghi was supposed to speak, but he begged off. Seems he had to cancel because he needed to straighten his sock drawer. Yeah, sure, he has a plan to save the Euro, he's just too busy to talk about it.

US dollar dropped 29.8 basis points today (0.38%). It's plunge has traversed more than half the width of its main trading channel, and draweth nigh the last important low, 81.16, and the 200 day moving average (80.53). RSand and MACD offer no hope for reliev. Time to start wondering whether the dollar will recover from this or not.

Five day chart shows a corrective rise, with a high yesterday about 8185, and an impulsive fall off the cliff today. Any break of 81.25 will send the dollar to that 200 DMA quicker than a cat can steal your hot dog right out of the bun.

The scabby euro pulled its rags about it's ears, turned up its nose, and rose 0.54% to $1.2565, like a wino waking up in the gutter and scrabbling to regain his dignity. 'Taint nothin' happening till the Euro busts that $1.2600 resistance.

It the global fiat currency race to the bottom, the smart money is riding on the yen, most overindebted government and eocnomy. Yet defying economics, logic, and gravity the yen rose today 0.31% to 127.38c (Y78.51). Remains below the descending treneline. Needs to clsoe above 128 to turn positive.

Stocks really looked ratty today. Nasdaq (pronounced NAS-DA-KWUH) rose, along with the Nasdqaq 100, but other indices fell. Dow misplaced 5.93 (0.05%) and finished at 13,118.74. S&P gained a microscopic 0.38 (0.03%) to 1,410.82. Stocks are stalled, wanting to fall but kept afloat by hopes that Bandit Ben will bloviate them skyward.

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, August 27, 2012

The Gold Price Gained $2.60 Closing at $1,672.40 on the Comex but Fell Off Sharply in the Aftermarket

Gold Price Close Today : 1672.40
Change : 2.60 or 0.16%

Silver Price Close Today : 31.048
Change : 0.427 or 1.39%

Gold Silver Ratio Today : 53.865
Change : -0.666 or -1.22%

Silver Gold Ratio Today : 0.01856
Change : 0.000227 or 1.24%

Platinum Price Close Today : 1551.90
Change : -1.20 or -0.08%

Palladium Price Close Today : 649.30
Change : 2.60 or 0.40%

S&P 500 : 1,410.44
Change : -0.69 or -0.05%

Dow In GOLD$ : $162.23
Change : $ (0.65) or -0.40%

Dow in GOLD oz : 7.848
Change : -0.031 or -0.40%

Dow in SILVER oz : 422.72
Change : -6.98 or -1.62%

Dow Industrial : 13,124.67
Change : -33.30 or -0.25%

US Dollar Index : 81.68
Change : 0.113 or 0.14%

The GOLD PRICE and SILVER PRICE both got their feet tangled in the downtrend line from last year's high. Gold gained $2.60 to $1,672.40 while silver added 44.2 cents to end Comex at 3104.8c. That was fine, but both dropped off in the aftermarket, a little too sharply.

The GOLD PRICE has now rounded over, in what may prove a consolidation or a short term top. Right now it's flirting with $1,660, but really must hold $1,645 to avoid a correction back to $1,625.

The SILVER PRICE scratched out a double top at 3120c today, and now is scratching to cling to 3060c. Support stands around 3060c, then 3000c and 2900c.

After those respectable closes, GOLD fell nearly $10 in the aftermarket, silver about 65 cents, platinum $8 and palladium $5. That sharp fall on no particular news I could find leads me to expect a rocky week, paying dues for last week's spiky gains.

It'll be all right. SILVER and GOLD PRICE have made their decisive breakouts. May be a little negotiating to be done here leaving the gate, but that'll be soon passed.

Market is offering you an rare opportunity to LOAD UP before it takes off. Remember that I have been warning that this correction can be steep and fast, but don't let that worry you. On the other hand, any closes above today's (3104.8c and $1,672.40) means the rally has started, so don't wait to buy.

Y'all have got to watch out! You know how to tell a politician is lying, right? His lips are moving. Some of y'all wrote me asking about a news story that the Republican Party is considering including a new gold standard in its platform. Now think about that.

Republicans will return the country to a gold standard when hell freezes solid. They've been owned by the banks and corporations since 1860, and Lincoln before that. He was a railroad lawyer.

We will get a gold standard when it is FORCED on them, Republicans and Democrats alike, and not before. It is a a reform so radical that it will GUT their power and the banks', and they just can't stand that.

Frederic Bastiat (d. 1850) said it best: "When plunder has become a way of life for a group of people living together in a society, they create for themselves in the course of time a legal system that authorizes it and a moral code that glorifies it." Not only do they steal from us, they preen themselves as morally superior because they steal from us.

You want to give power to the people? Then put gold and silver money into their hands! That's more powerful than a Remington 870 twelve gauge pump.

Sorry dollar gained a little against the sorry euro and sorry yen. Markets are nervous about what Ben the Bandit might bloviate to the Jackson Hole Gathering for Our Bosses. Super-Mario Draghi will speak there, too. My, my, they're a-gonna be wallerin' hip deep in Deep Thoughts -- or something.

Dollar gained 11.3 basis points (0.14%) from where it was trading when I wrote Friday. Five day chart has an iffy look. Probably planning to drop a little further, certainly will if it can't better 81.70 tomorrow, but to turn around and rally again it needs to climb over 81.85. Drop below last low at 81.20 will be like tying an anvil to a man's ankles and dropping him off a bridge with his hands tied.

Euro today stubbed its toe on bad economic news in Germany. Ended at $1.2498, lighter than Friday by 0.11%. So far that $1.2600 resistance has stopped like Jackson stopping yankees in the Valley.

Despite last week's jump yen did not get through 127.75c resistance, the main downtrend line. Closed at 127.0 c (y78.73) today, down 0.9% and just below its 20 DMA (127.12). For what the opinion of a natural born fool is worth, looks to me like the Nice Government Men are working at managing these currencies as hard as a hairy dog works at managing fleas.

STOCKS fluttered today like an naked chicken but never could get off the ground. Dow fell 33.3 (0.25%) to 13,124.67. S&P500 didn't do quite as badly, fell 0.69 (0.5%) to 1,410.44.

Stocks remain within their bearish rising wedge, so could yet jump higher. Any close below 13,000 is fatal and will loose a flood of blood.

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, August 24, 2012

The Gold Price Sparkled this Week Up $53.50 Closing at $1,669.80 the Next Rally has Begun

Gold Price Close Today : 1,669.80
Gold Price Close 17-Aug : 1,616.30
Change : 53.50 or 3.3%

Silver Price Close Today : 30.606
Silver Price Close 17-Aug : 27.995
Change : 2.611 or 9.3%

Gold Silver Ratio Today : 54.558
Gold Silver Ratio 17-Aug : 57.735
Change : -3.18 or -5.5%

Silver Gold Ratio : 0.01833
Silver Gold Ratio 17-Aug : 0.01732
Change : 0.00101 or 5.8%

Dow in Gold Dollars : $ 162.71
Dow in Gold Dollars 17-Aug : $ 169.78
Change : $ (7.08) or -4.2%

Dow in Gold Ounces : 7.871
Dow in Gold Ounces 17-Aug : 8.213
Change : -0.34 or -4.2%

Dow in Silver Ounces : 429.42
Dow in Silver Ounces 17-Aug : 474.20
Change : -44.77 or -9.4%

Dow Industrial : 13,142.95
Dow Industrial 17-Aug : 13,275.20
Change : -132.25 or -1.0%

S&P 500 :
S&P 500 17-Aug : 1,418.16
Change : -1418.16 or -100.0%

US Dollar Index : 81.563
US Dollar Index 17-Aug : 82.610
Change : -1.047 or -1.3%

Platinum Price Close Today : 1,553.10
Platinum Price Close 17-Aug : 1,471.80
Change : 81.30 or 5.5%

Palladium Price Close Today : 651.55
Palladium Price Close 17-Aug : 604.50
Change : 47.05 or 7.8%

Following the seasonal pattern, it seems, the silver and GOLD PRICE have begun a rally in August. Before I follow that up, bear this in mind for everything else I say about metals today. There still exists a possibility that silver and gold will correct sharply after this rally, leaving y'all thinking that the bottom has dropped out. Might even revisit those lows that have held so strongly for a year. If that does happen, it will only be the bull trying to shake off new riders, for gold and silver will return with a vengeance.

On the other hand, having now reached the downtrend lines from their 2011 lows, silver and gold may merely return to their breakout points ($1,625 and 2830 cents) for a final kiss good-bye. A third route: silver and gold next week punch clean through resistance at 3100c and $1,680 and never look back.

Regardless, it is best to BUY THE BREAKOUTS and too much subtlety will stall you out of buying. So even facing all those possible reactions, I would still buy the breakout. If the reactions come, know that they are merely confirming the breakout, and buy more.


From its 2799.5c close last week the SILVER PRICE gained 261.1c or 9.3% to 3060.6. Whoo-eee! Gold sparkled but only gained $58.50 (3.3%) to $1,669.80. The GOLD PRICE punctured and stepped through its 200 DMA ($1,649.56) and 150 DMA ($1,642.09), while silver yesterday closed right at, and today above, its 200 DMA (3051). In a second I'll explain why that doesn't mean as much for silver as for gold, but meantime all those "trend followers" with money burning up to be invested someplace saw that 200 DMA crossover and hopped aboard, adding fuel to the rise -- as if it needed fuel, since both metals have shot straight skyward.

On the weekly chart, The GOLD PRICE fury this week took it above the 50 week moving average for the first time since March. Why do you and I care about the 50 WMA? Because since this gold bull began charging, it has been skimming along atop that 50 WMA except for breaches in 2008 and 2011 and 2012. In silver the 50 WMA (now 3096c) has performed the same service, and silver is mere fingertips away from crossing over that.

On a daily chart, more volatile silver treats its 300 DMA as other markets treat their 200 DMAs. That 300 DMA now stands above silver at 3263c, and crossing that will confirm silver has left the dreary woods of correction.

After the huge rise we saw last week, it won't surprise me if silver and gold correct next week, gathering strength to break those overhead downtrend lines. Their rises are fed by the want of other investment opportunities. Other markets are flat or struggling, like stocks, and government bonds offer a zero or negative return after inflation. Lots of hot money is looking for a home. Gold may be upgraded 100% valuation status for bank reserves under new banking regulations, and that would help as well, especially when government bonds are offering negative returns.

Bottom line: it appears the next rally in silver and gold has begun. I don't claim to be anything more than a natural born fool from Tennessee, but ciphering around with some past gold moves (I use a board and a piece of charcoal), I arrived at some shocking forecasts: gold above $2,650 by next June, and at the top of this leg $4,125. Those are minimum figures. Now don't go chiseling those numbers on Stone Mountain next to Lee, Jackson, and Jefferson Davis. They're just forecasts, not prophecies, and loaded with all sorts of iffy assumptions. But they do sort of take your breath away, don't they?

Makes you want to buy some gold and silver.

It's been many a week, yea, many a month since we've seen silver and gold dance like they did this week. Yet the falling dollar helped stocks not a bit. Labor strife at Lonmin's South African mine at Rustenburg drove platinum and palladium up a tree. I believe we will look back two months from now and say, "Yep, that's where silver and gold broke out into a new rally."


The currency story is quickly told. US dollar index lost 1.3% this week, falling to 81.563 today. No doubt this arises from the Nice Government Men's market operations, as they need to float that euro. Surprise of the week was the yen, unusually and poisonously strong for export-addicted Japan. Euro backed off today 0.36% to $1.2518, bouncing off $1.2600 resistance. Still, it remains in an uptrend. Yen backed off 0.26% to 127.07c (Y78.70). I can't imagine those Japanese NGM letting it rise much higher.

STOCKS had a rotten week, falling to the bottom boundary of their rising wedge formation. Dow would have finished the week down over 200 points if it hadn't rallied today and pared that loss to 132.25 (1%). Dow gathered in 100.51 (0.77%) today to a 13,157.97 close. S&P500 rose 9.05 (0.65%) to 1,411.13. Unless the Dow closes below 13,000 stocks probably have one last upward spurt before the weeping, wailing, and tooth-gnashing begins.

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, August 23, 2012

The Gold Price has Risen $55.80 in the Last Four Days Buy Fistfuls if Gold Closes Above $1,680

Gold Price Close Today : 1669.60
Change : 32.20 or 1.97%

Silver Price Close Today : 30.447
Change : 0.898 or 3.04%

Gold Silver Ratio Today : 54.836
Change : -0.577 or -1.04%

Silver Gold Ratio Today : 0.01824
Change : 0.000190 or 1.05%

Platinum Price Close Today : 1553.60
Change : 28.40 or 1.86%

Palladium Price Close Today : 656.00
Change : 27.85 or 4.43%

S&P 500 : 1,402.08
Change : -11.41 or -0.81%

Dow In GOLD$ : $161.67
Change : $ (4.62) or -2.78%

Dow in GOLD oz : 7.821
Change : -0.223 or -2.78%

Dow in SILVER oz : 428.86
Change : -16.94 or -3.80%

Dow Industrial : 13,057.46
Change : -115.30 or -0.88%

US Dollar Index : 81.36
Change : -0.149 or -0.18%

Before I speak a word about the silver and GOLD PRICE, I'm going to warn y'all against enthusiasm. Easiest thing in the world is to get all worked up and cheery about a rising market, disremembering that gravity hasn't stopped working. Faster a market rises, faster it can fall, too. So while after such a long time spent in a correction these rallies make me happier than a six-year old with a new puppy, but don't let a sudden reaction cast you down. The breakouts have been made, but retracements must come to solidify those gains.

Now, I've done my duty and I can brag all I want.

The SILVER PRICE has risen 245.2 cents in four days, 8.8%. Today it closed up 89,8 cents at 3044.7 -- that's right, above 3000c.

In the same four days the GOLD PRICE has risen $55.80 or 3.5%. Yesterday it closed at 1637.40, but in the aftermarket rose $17. I looked it about 11:00 p.m. and it was already above $1,660. High today came at $1,674.72, less than six bucks off that $1,680 target I've been aiming at.

Milestone here is the GOLD PRICE hitting the descending trendline from last August's top, not to mention cutting through the 200 DMA yesterday. I told y'all those trend followers would jump on when gold crossed that line.

The SILVER PRICE closed right at its 200 DMA (3051c). It has not quite touched the downtrend line from the April 2011 top, but is shy of it by only a gnat's whisker.

With both silver and gold it's reasonable to expect some pause and reaction to digest gains this huge. Reasonable, too, for both metals to require two tries to break through that huge downtrend line. More, the Relative Strength Index is wildly overbought. Somethin' got to give.

That something may be no more than a little drop, but more likely it will reach back toward the breakout points for a final kiss good-bye. Might even punish enthusiasts and trend following vultures by dropping lower than that. That gives the bull a chance to shake off all these newcomers.

ON THE OTHER HAND, should the GOLD PRICE close over $1,680 tomorrow, or silver above 3130c, y'all get OUT of the way. Just buy fistfuls and call your mama and borrow money from her and buy some more, because closes that high mean much more upside is coming.

'Tis a measure of the hopelessness of Our Bosses' and Betters' management that the gassy guesses of a central bank committee (the FOMC) can actually move markets.

Another measure of that hopelessness is that markets cannot figure out what it means. Somebody SUSPECTS the Fed will inflate more, and commodities and bonds rise hand in hand, which makes no sense at all. A bond amounts to no more that a purchase of dollars in the future, dollars which will then be worth less, so exactly WHY would a rumor of more inflation raise bond prices? Commodities I understand, because inflation will float their prices. Stocks refused to follow their usual illogic and climb on inflationary hints.

Add to all that the Fed's Zero Interest Rate Policy which in Europe is now becoming a Negative Interest Rate Policy where bond investors actually pay governments to loan them money. Have any of those Braniacs in central banks considered how long periods of low to no interest rates will affect all those pension funds? Not only are the central banks and their brains bankrupt, but they will also bankrupt everybody else.

Days like this I am really glad to be nothing but a natural born fool. That frees me from ever having to think deep thoughts, like them central bankers wear themselves out a-thinkin'.

Y'all are going to LIKE today's news.,

Dollar index kept on dropping on rumors of more Quantitative Easing, i.e., money printing. Surrendered another 14.9 basis points (0.2%) to 81.36. Dollar has plunged over the cliff of support, fell through 81.50 support, and now wants to try to smash through 81. This has a bad feel about it: too much movement all at once. Not the sort of action the Nice Government Men promote.

Euro continued to ascend today, floating on clouds of gas and airy speculation. Resistance above $1.2600, back to this year's first low, stands dead ahead. Euro closed up 0.27% at $1.2563. When it entered this ecstatic fit the Euro gapped up over its closely clustered 50 and 62 day moving averages. Those gaps sooner or later get filled. But if the euro breaks the $1.2600 barrier, the big downtrend line stares down from about $1.2725.

Mercy! Did I forget to tell y'all that Gold in Euros broke out today, too, with a E1331 close? Broke out of a rising triangle, hinting further advances.

Speaking of that, Gold broke out against the Yen too, clearing its 200 day moving average and escaping a congestion area.

Yen itself gained 0.17% to 127.40 cents (Y78.49).

Now let me tote this up. I'm such an ignerent fool I've got to add it on my faingers: gold broke out against the dollar, gold broke out against the yen, gold broke out against the euro -- why, it does look like the only money left standing is -- GOLD. Well, silver, too.,

Stock charts today look like a cross section of the Titanic's hull. Dow stumbled 115.3 (0.88%) to 13,057.46. Broader S&P500 lost 0.81% (11.41) to 1,402.08. Ben the Brainiac better get busy saving Wall Street!

SPECIAL OFFER: Swiss Twenty Francs.

Pay close attention, because y'all won't see this again. The Swiss twenty franc is one of the world's most popular coins gold. Minted to the standard of the Latin Monetary Union, 0.1867 troy ounce fine gold, the Swiss twenties contain exactly as much gold as a French 20 franc, Belgian 20 franc, or Italian 20 Lira. They are so well known that survival kits for US pilots used to contain twenty francs, Swiss or otherwise.

I bought a slew of them today and must turn them over quickly, so I am willing to sell them at a tiny premium of 4.9% over their gold value. Hard to believe, but that's cheaper than one ounce Krugerrands, Maple Leaves, or American Eagles, and these are small coins.

I will sell them in minimum lots of Ten (10) coins at $326.95 each, or $3,269.50 per lot + $25 shipping, a total of $3,294.50. Whether you order one lot or 20, the sole shipping charge is $25.

If you wire payment, we will WAIVE the $25 shipping charge.

No limit on the number of lots you may order, up to the total I have on hand. When my supply sells out, I cannot sell more at this price.

Special Conditions:

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

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

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

If you want faster shipping, please send a wire (wire instructions will appear on your trade confirmation). If you wire payment, we will WAIVE and deduct the $25 shipping fee.

Spot gold basis for all prices above is $1,669.60. ORDERING INSTRUCTIONS:

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

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

Repeat, you must include your complete name, address, and phone number. Our clairvoyant quit without warning last week and 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. "No Nag Basis" means that we allow fourteen (14) days for personal checks to clear before we ship. Want your order faster? Send a bank wire, but that's not required. 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
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, August 22, 2012

The Gold Price Dipped $2.50 Today Closing on the Comex at $1,637.40 Gold May Reach $1,680 by Friday

Gold Price Close Today : 1637.40
Change : -2.50 or -0.15%

Silver Price Close Today : 29.549
Change : 0.128 or 0.44%

Gold Silver Ratio Today : 55.413
Change : -0.326 or -0.58%

Silver Gold Ratio Today : 0.01805
Change : 0.000106 or 0.59%

Platinum Price Close Today : 1525.20
Change : 18.70 or 1.24%

Palladium Price Close Today : 628.15
Change : 4.55 or 0.73%

S&P 500 : 1,413.49
Change : 0.32 or 0.02%

Dow In GOLD$ : $166.30
Change : $ (0.12) or -0.07%

Dow in GOLD oz : 8.045
Change : -0.006 or -0.07%

Dow in SILVER oz : 445.79
Change : -2.99 or -0.67%

Dow Industrial : 13,172.76
Change : -30.82 or -0.23%

US Dollar Index : 81.52
Change : -0.387 or -0.47%

Wow. What is going on in the aftermarket? At Comex close the GOLD PRICE had dipped $2.50 to $1,637.40 and silver had risen only 12.8 cents to 2954.9c. But in the aftermarket gold is trading $1,654.60 and the SILVER PRICE 2982.5c. After rising $18.70 today, the PLATINUM PRICE has risen another $14. Ditto The PALLADIUM PRICE, It added $4.55 today and has floated up another $3.50.

That little mouse-burp FOMC announcement isn't causing this. It's something else, I just can't see it yet.

Never mind, there's a full head of steam in the gold and silver locomotives. Today's gold close looked cheesy, but I can allow for it backing off $1,640 resistance. That was a strong point, and so piercing that and running through $1,650, rising $17 in the aftermarket, carries a little whiff of buying panic.

Add to that: the GOLD PRICE 200 DMA stands at $1,650.68, and the 150 DMA (which I watch closely) at $1,642.07. Gold's aftermarket surge has carried it through both those. Now the momentum traders and other vultures who chase every rising market will jump in, thanks to that 200 DMA crossover. Gold could easily reach $1,680 by Friday.

I keep telling y'all, "Buy the breakouts!" I hope y'all are listening. Like I used to tell my children, "Don't make me go get a switch." Something about meditating on a switch VASTLY and suddenly improved their hearing acuity.

Friends, y'all know what a "waterfall" looks like on a chart, when a market just falls and falls and falls day after day so that it looks like a cross section of Niagara? Well, play that video in reverse, suck that water up into the sky, and you'll get a near notion of what silver looks like the last six days. In three days it has hammered its way from below 2800c through all that thorny resistance at 2850, brushed that aside like Johnson grass, and punched through 2900 and now is challenging 3000c! It has risen from a 2748.8c low on 15 August to 2982.5c now, soaring 233.7 cents. If that constituteth not a breakout and rally, I plumb stumped what would. Buy silver.

Not even the last FOMC meeting minutes hinting at a need for more inflation could boost stocks today. Indices were mixed, but all spent three-fourths of the day underwater, and the rises came after 2:30. Dow lost 30.82 (0.23%) to 13,172.76 while the S&P500 "rose" 0.32, if you can call that a rise, to 1,413.49.

Stocks probably have one push up left before they hit the greased skids.

US dollar index lost another 38.7 basis points today and is trading at 81.523. Dollar has fallen to the July low at 81.52, and stands below its 20 and 50 day moving averages (82.61 and 82.64). Momentum is dragging it like a junk yard magnet toward the 200 DMA (80.45). It has also breached the ascending fan line from the October 2011 low. If support kicketh not in here (at that July low), then the dollar index will drop to 81.16 at least, maybe 80.75. About 79.50, below the 200 DMA, lies some middling support at the grand trading channel's center. RSI and MACD point downward as well.

'Tain't accidental. Nothing accidental happens in currencies. Probably the US Nice Government Men propping up the euro for the ECB's NGM meeting early in September.

It's working, as the euro is on a tear. Gapped up Tuesday above the prevailing downtrend line and gained again today, up 0.4% at $1.2523. On track to scale higher, but meets resistance at $1.2600 and $1.2700, not to mention the BIG downtrend line at $1.2750 today.

Ye-ouch! Japanese yen pole-vaulted an astounding 0.93% to 127.33c (US$1=Y78.54). Oddly, this comes on news of a Japanese monthly trade deficit, pure kryptonite to the export- driven Japanese economy. Yen jumped clean through the 200, 50, and 20 DMAs all the way up to the downtrend line. Clearly the Japanese NGM need to get busy selling yen.

I've been working on a book for the last sixteen years. Well, I've written on it every month for 16 years, chronicling my family's move from suburban Memphis to sub-rural Middle Tennessee, from townies to farmers. It's called "At Home in Dogwood Mudhole," and if it won't make you laugh, cry, and gasp, your face and heart and head are made of chert-rock.

I mention it because the genuine genius graphic artist who is setting the book, making it beautiful as well as useful, told me today he'll be done next week. We could have books in our hands in a month, and the digital version sooner than that. I also mention it to whet y'all's appetites. We'll have a website up shortly, www.dogwoodmudhole.com.

While I'm at it, I remind y'all that you can see Dogwood Mudhole for yourself at our Bodacious Hoedown on 1 September, complete with field games, barbecue feast, Old Time band The Georgia Crackers, and dancing. Free, but you must make reservations with my son, Justin, at or you won't get a bite to eat.

 On 22 August 1639 Madras, India was founded by the British East India Company on a sliver of land brought from local rulers. As the Indians found out, give those British an inch and they'll take the whole country. Ask the Indians in North America. In fact, on 22 August 1770 English Captain James Cook landed on the east coast of Australia and claimed the whole continent for England. Proved to be a great idea, as on 22 August 1851 gold fields were discovered there.

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, August 21, 2012

The Gold Price Smashed Out of it's Triangle Loudly Breaking Out to Close Up $19.80 at $1,639.90

Gold Price Close Today : 1639.90
Change : 19.80 or 1.22%

Silver Price Close Today : 29.421
Change : 0.832 or 2.91%

Gold Silver Ratio Today : 55.739
Change : -0.930 or -1.64%

Silver Gold Ratio Today : 0.01794
Change : 0.000294 or 1.67%

Platinum Price Close Today : 1506.50
Change : 9.60 or 0.64%

Palladium Price Close Today : 623.60
Change : 16.50 or 2.72%

S&P 500 : 1,413.17
Change : -4.96 or -0.35%

Dow In GOLD$ : $166.44
Change : $ (2.89) or -1.70%

Dow in GOLD oz : 8.051
Change : -0.140 or -1.70%

Dow in SILVER oz : 448.78
Change : -15.44 or -3.33%

Dow Industrial : 13,203.58
Change : -68.06 or -0.51%

US Dollar Index : 81.89
Change : -0.570 or -0.69%

Breakout confirmations came sharp and fast for the silver and GOLD PRICE today, but the day didn't treat stocks or the US dollar index quite so kindly.

Overnight the GOLD PRICE knocked and knocked on $1,622, then at the New York Open gapped up, jumping clean from 1628 to $1,635, then hitting $1,641. Close found it up $19.80 at $1,639.90. Thus gold today loudly broke out, and confirmed silver's breakout yesterday.

It doesn't stop there. Generally gaps come in pairs, the first a "breakaway" gap, then a little sideways trading, then another gap near the move's top, the "exhaustion" gap. This move probably has another $15 in it before it slows down. Gold is set up now for a rush to $1,680 - $1,725.

The SILVER PRICE broke through 2900 cents on its New York open, then climbed like a young Sherpa all day. After a 2949c high, it ended 83.5 cents more expensive at 2942.1c. I can't stand it when people say "I told you so," but do I remember somebody saying if silver got through 2860c it would run? Did I imagine that?


The SILVER PRICE rose 2.9% today, the GOLD PRICE 1.2%. Add to that mix: yesterday the GOLD/SILVER RATIO fell 1.06%, today another 1.6% to 55.739:1. All this is moving in the right direction for much higher silver and gold prices. Silver ought to reach its 200 DMA (30.56) on this move. Owch! I nearly forgot. Gold finished the day just above its crucial 150 DMA ($1,624.09). Today the GOLD PRICE also smashed its way out of that even-sided triangle that has contained it all month long.

Buy the breakouts! Buy the breakouts!

Here is one of those silly anomalies that allow our Rulers to herd us like sheep: talking obviates acting for central banks. Back in July the gassy head of the European Central Bank, Super-Mario Draghi, boasted that he would do anything necessary to keep the euro together. Gas, all gas -- he did nothing, but in the world of pure illusion we live in, where even most of the people are wet cardboard, that's enough to boost markets. Euro rose to a 7-week high against the US dollar today, but on news of -- what? Nothing. Speculation, gas, that the ECB may act soon to do something about Italy and Spain's ballooning borrwwoing costs.


Take this to the next level of ludicrousness: there's nothing Draghi can do. Nothing. He can't buy the bonds, he can't bail out Italy and Spain, he has no bucket big enoguh to hold all the garbage. Yet he spoke, and therefore need not act.

More likely than the talk is a behind the door intervention by the Nice Government Men, since the dollar tumbled through 82 resistance today and skidded to a stop at 81.885, down 57 basis points or 0.73%, a meaty move that technically breaks the last low and threatens to drag the dollar lower (as if something that low could be dragged lower!).

More to the technical point, the euro today did gap up, above the crucial 62 day moving average (123.98) AND piercing the reigning downtrend line. This doesn't put the scabby euro in any great position, since the downtrend line higher, around 127.70 today, promises to stop it as well. Euro closed at $1.2472, up 1.01%.

Trying to be objective as I deal with such a hateful topic, is like trying to write compliments about the slugs eating your tomato plants. I confess the euro has built a uptrend from its July 120.42 low and today broke out upwards from an even-sided triangle. Higher prices are in its future, insofar as one can make a rational and logical inference about an irrational and illogical government-manipulated market.

Japanese yen rose 0.17% to 126.16 cents (Y79.26). Remains beneath 200 and 50 DMAs, headed lower.

STOCKS fell across the board today. Tried to climb the mountain early, but about 10:45 tripped, stumbled all the way down the mountainside, then over the edge into the gully at the mountain's foot. Owch.

Dow slipped 68.06 or 0.51% to 13,203.58. S&P500 dwindled 4.96 (0.35%) to perch at 1,413.17.

Looking at the Dow, it reached its rising wedge's top boundary today and fell back like the Wicked Witch of the East facing Dorothy with a bucket of water. S&P500 looks the same. Both are struggling against this year's highs. If they can beat that mark, they will benefit from a wave of enthusiasm that will blow out like a bad tire on hot concrete, but it will carry them slightly higher.

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, August 20, 2012

The Gold Price Advanced Today as the Silver Price Broke Through it's Upper Boundary

Gold Price Close Today : 1620.10
Change : 3.80 or 0.24%

Silver Price Close Today : 28.586
Change : 0.591 or 2.11%

Gold Silver Ratio Today : 56.675
Change : -1.061 or -1.84%

Silver Gold Ratio Today : 0.01764
Change : 0.000324 or 1.87%

Platinum Price Close Today : 1496.90
Change : 25.10 or 1.71%

Palladium Price Close Today : 607.10
Change : 2.60 or 0.43%

S&P 500 : 1,418.13
Change : 0.00 or 0.00%

Dow In GOLD$ : $169.34
Change : $ (0.43) or -0.25%

Dow in GOLD oz : 8.192
Change : -0.021 or -0.25%

Dow in SILVER oz : 464.27
Change : -9.93 or -2.09%

Dow Industrial : 13,271.64
Change : -3.56 or -0.03%

US Dollar Index : 82.46
Change : -0.152 or -0.18%

The GOLD PRICE advance $3.80 to $1,620.10. That smashed the $1,616 chains holding it last week, but only takes gold into heavy slogging through $1,625 to $1,630 resistance. A close above $1,630 will take gold above this present formation and free it for $1,680.

The SILVER PRICE did it today, it broke through 2860c and through the upper boundary of its flat-topped rising triangle. Closed up 59.1c (2.1%) at 2858.6c.

Rough measuring device is the triangle's height, $2.35. A rise from the breakout at 2820c would carry silver to 3055, right about the 200 DMA, a good pausing place for the first leg of the rally. Remember that the downtrend line from the April 2011 high now stands about 3200c. Silver must break that barrier before it confirms a new rally has begun.

The SILVER PRICE closed at a photogenic 2858.6c, but in the aftermarket was trading 2875.5c, nearly 20c higher. Best way to confirm this breakout would be a close tomorrow above 2900c. Should come this week. Any close under 2820c would be bad juju, gainsaying the breakout.

At this point anyone short silver ought to lift up his scalp and check his brain to see if it's still there and working. The silver and GOLD PRICE are showing all the early signs of a solid breakout and advance, and this leg will carry beyond $2,000 and 5000c.

Best strategy is to BUY breakouts. One more day above this level confirms silver's breakout.

No news today but rumors and political hogwash. I can eat day old grits and drink blinky milk and I'll even eat greenish baloney if I'm really hungry, but I simply can't stomach that political hogwash. They put the hyp in hypocrite.

Currencies didn't move much today. Dollar gave back 15.2 basis points (0.18%) from Friday's close, so it remains in the same tightly controlled range. Euro gained 0.12% to $1.2347, for no good reason. It gas formed a little even-sided triangle, but remains below the 50 day moving average and the critical 62 DMA. Yen perked up 0.21% to 125.94c (Y79.40) but not enough to gainsay its rollover into a downtrend.

STOCKS were as confused as a politician discussing ethics -- some up, some down. Dow inched down 3.56 (0.03%), a microscopic move that left it at 13,271.64. S&P500 moved 0.3 points, to 1,418.13. Stocks are stalled, but will probably see slightly higher prices before the carnage and bloodletting begin.

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.



Saturday, August 18, 2012

The Gold Price Gained 20 cents to Close at $1,616.30 Silver Lost 21 cents

Gold Price Close Today : 1,616.30
Gold Price Close 10-Aug : 1,619.70
Change : -3.40 or -0.2%

Silver Price Close Today : 2,799.50
Silver Price Close  10-Aug : 2,806.20
Change : -6.70 or -0.2%

Gold Silver Ratio Today :57.735
Gold Silver Ratio   10-Aug : 57.719
Change : 0.020 or 0.0%

Silver Gold Ratio : 0.0173
Silver Gold Ratio 10-Aug : 0.0173
Change : -0.0000 or -0.0%

Dow in Gold Dollars : $ 169.78
Dow in Gold Dollars  10-Aug : $ 168.57
Change : $1.21 or 0.7%

Dow in Gold Ounces : 8.21
Dow in Gold Ounces  10-Aug : 8.155
Change : 0.06 or 0.7%

Dow in Silver Ounces : 474.20
Dow in Silver Ounces  10-Aug : 470.67
Change : 3.53 or 0.7%

Dow Industrial : 13,207.95
Dow Industrial  10-Aug : 13,207.95
Change : 67.25 or 0.5%

S&P 500 : 1,418.16
S&P 500  10-Aug : 1,405.87
Change : 12.29 or 0.9%

US Dollar Index : 82.61
US Dollar Index  10-Aug : 82.56
Change : 0.05 or 0.1%

Platinum Price Close Today : 1,471.80
Platinum Price Close  10-Aug : 1,398.40
Change : 73.40 or 5.2%

Palladium Price Close Today : 604.50
Palladium Price Close  10-Aug : 581.50
Change : 23.00 or 4.0%

The SILVER & GOLD PRICE suffered a wretched week, until you look closer. Both ended down 0.2%, but place that against the attack they survived this week, and their bouncing back therefrom.

Today the GOLD PRICE gained 20 cents [sic] to end at $1,616.30 while silver lost 21 cents and ended 2799.5c.

GOLD ended Friday a week ago at $1,619.70, fell as low as $1,591 by Wednesday, but carved out a bottom and finished the week only $3.40 lower at $1,616.30. It's a subtle thing but all of August has been spent fighting off these attacks at successively higher levels. Next week gold will be tapping on $1,620. Only a close below $1,585 would pose any threat to gold's upward bias. Must clear $1,640 to break out upside.

Sometime in gold's near future -- in September, or, if the NGM turn on the screws to keep gold low before the election, then in November -- lies a strong rally. The correction lies behind us, left in the rearview mirror like a string of Burma-Shave signs. Gold's future will happen at higher prices.

Same holds true for silver. The SILVER PRICE started the week at 2806.2 & ended a few cents lower, but after a Wednesday low at 2750c climbed to a high at 2833 today. One bright dawn silver will cross 2860c & the shorts will run like Democrats escaping a Southern Baptist convention, or Republicans fleeing an AFL-CIO convention.

So here we are, as a friend accused me this week, trying to look at a buffalo with a microscope. Folks, gold & silver are a BULL buffalo, & they are fixing to stampede.

Since nothing happened in most markets this week, I'll explain why platinum shot up $76.90 and palladium $27.10 in the past two days.

Supply & demand for both platinum & palladium is quirky. About 75% of platinum comes from politically unstable Southern Africa and about 75% of palladium comes from politically unpredictable Russia. Other 25% of platinum comes from Russia, and of palladium from southern Africa. A third or more of demand comes from auto catalyst use, so a bad year for auto manufacturers will be a bad year for platinum & palladium.

On 16 August striking miners at the Rustenburg, South Africa mine of Lonmin threatened police with pistols, spears, & knives & the police opened fire, killing 34 & wounding 78. Strikers had already beaten to death two policemen and burned two mine security guards alive. Inevitably a gigantic political crisis results, & this was enough to send platinum's price rocketing.

As a general rule, platinum costs more than gold. Go back 20 years, and you'll rarely find the Platinum/Gold spread (platinum divided by gold) below 1.00. Generally also, when platinum costs less than gold it will be a profitable idea to swap gold for platinum. From 2000 to 2008, platinum thrice reached more than 2.35 times gold. Since then, however, the ratio has been dropping. In August 2011 platinum dropped below gold. and has remained below gold since then. Hasn't done any thing like that since 1982 and 1985.

So which comes first, the market set-up for a move, or the news that precipitates the move? Probably the set up, but I can't win by championing that notion, so I'll let it alone with the final word that if you have a LOT of gold, you might consider swapping a little bit for platinum. Don't go hog wild, just do a little.

This week markets stayed flat as a fritter. Silver lost pennies, gold lost $3.40, stocks rose half a percent, and dollar index had a face as flat as a dog that chases parked cars.

Lo! The dollar index went nowhere today, rising 23.7 basis points (0.30%) & giving up lots of that in the aftermarket. Dollar remains in tightly controlled 82.80 - 82.20 range. Natural as a bottle blonde.

Today the euro lost most of what it gained necessary, giving back 0.19% to $1.2332 & lodged again against the 20 day moving average (1.2284).

Yen kept on falling today, down another 0.27% to 125.68c (Y79.57). Now free falling below its 50 & 200 DMAs. More downside coming.

Stocks, as I observed yesterday, are moving higher. People often rag me, complaining how wrong I am about stocks, how they've kept moving higher in the face of my denunciations. Frankly, if I do anything at all to keep y'all from buying stocks or convince y'all to sell them, I'll be doing you a huge favor. Stocks are in a primary down trend, a bear market, & trying to scrape off a little profit in a counter-trend move in a bear market is like juggling straight razors -- ain't no way you can win. Adjust stocks for inflation or measure their performance in gold or silver since 2001 & you'll see what I mean. Stay away from stocks, especially mutual funds, unless it is a very special situation.

But right now stocks are headed higher. Dow ascended a less-than- lofty 25.09 (0.19%) today, S&P500 rose 2.65 (0.19%) to 1,418.16. Both indices will soon meet or slightly better their highs of this year, then they will fall off a cliff. I don't care whether the NGM can keep this anvil floating in the air until after the election, or it falls sooner, fall it will.


We had a fierce lightning storm last night that fried -- french-fried -- our telephone system. I got nearly to my office at the farm this morning and just as we were crossing the last creek on Robinson Branch, there lay a tree plumb across the road. Too big to move & me without a chainsaw. We have a gaudy lavender phone attached and are limping along, and full service will be restored Monday.

I am lightninged out. Struck the transformer in front of my house last Saturday, and ruined our phone, satellite dish, well pump, & mood. Y'all might want to protect all those delicate electronics -- even your phones -- with a surge protector.

Last week I mentioned to y'all the Transformations & Renewals gathering that I am sponsoring with Catherine Austin Fitts of Solari.com. You can read all about it at http://transformationsgathering.com/.

It's not for everybody. If you're looking for the world to collapse & plan on digging a hole and pulling it in after you, it's not for you. If you want to build the world that will REPLACE the failing one, it IS for you. We have no grand plan to remake the world or overthrow the existing system: it's doing that all by itself. However, Transformations is for those people who want to build a new economy, working from their own workbench in their own community. Go check it out.

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, August 16, 2012

The Gold Price Gained $12.40 Closing at $1,616.10 Time is Running Out to Buy at These Prices

Gold Price Close Today : 1616.10
Change : 12.40 or 0.77%

Silver Price Close Today : 28.205
Change : 0.400 or 1.44%

Gold Silver Ratio Today : 57.298
Change : -0.378 or -0.66%

Silver Gold Ratio Today : 0.01745
Change : 0.000114 or 0.66%

Platinum Price Close Today : 1433.90
Change : 39.00 or 2.80%

Palladium Price Close Today : 582.80
Change : 5.40 or 0.94%

S&P 500 : 1,416.65
Change : 11.12 or 0.79%

Dow In GOLD$ : $169.55
Change : $ (0.13) or -0.08%

Dow in GOLD oz : 8.202
Change : -0.006 or -0.08%

Dow in SILVER oz : 469.95
Change : -3.52 or -0.74%

Dow Industrial : 13,254.99
Change : 90.21 or 0.69%

US Dollar Index : 82.38
Change : -0.293 or -0.35%


###########

Editor Note: We appologise for the error in prices on the 14th of August when Franklin didn't post commentary, the prices posted on the 14th of August were incorrect. This was due to a fault of goldprice.org and not Franklin Sanders.

##########

The GOLD PRICE raked in another $12.40 to close Comex at $1,616.10, while silver scooped up 40 cents to 2820.5c.

Today the GOLD PRICE carved out the rest of a bottom, rising to the level where it broke off on Tuesday, about $1,615. This pattern resembles an upside down head and shoulders, and targets $1,640. But first, gold must pierce $1,625 - $1,630 resistance where it hath so oft been rebuffed. Close up around $1,625 tomorrow would be your first hint gold intends to slap back at the folks who have repeatedly slapped it around. Whether sooner or later, that will come.

The SILVER PRICE, on the other hand, rose a little higher than gold while tracing out the same pattern. Today's high at 2829c was slightly higher than Monday's 2820c. I know I sound like you're old 78 rpm record stuck in the same groove, but silver still needs to better 2850c to break away from gravity. Y'all know that can happen very quickly. Once silver crosses that line all those uppity shorts will panic and silver will blast away.

But first, it must breach the resistance between here and 2806c.

Time is running out to buy silver and gold at these prices. August draweth to a close.

Th'other end of the see-saw dropped today -- the US Dollar index -- while the metals and stocks end rose. All this remains in a range, changing nothing.

Scabrous US Dollar index dropped toward the 82.20 bottom of this week's range, skidding to a low at 83.32. Closed at 82.378, down 29.3 basis points (0.38%). Dollar remains in a rigidly controlled range from 82.90 to 82.20. I think I smell ripe mackerel in the air. Whoops! Sorry, Nice Government Men, but y'all aren't too subtle lately.

This did, however, benefit the dying euro, which yesterday was threatening to vomit all over investors by breaking through the 20 day moving average ($1.2275). Euro rose 0.55% to $1.2356. This is like shocking a fresh corpse with jumper cables: it jumps, but 'tain't alive. Euro didn't quite reach its 50 dma ($1.2386).

Yen followed through downside leaving behind, well, if not a waterfall then at least a cataract. 'Twas enough to take it below the 200 DMA (126.40), closing down 0.51% at 126.00 cents (Y79.37). Rollover earthward is now confirmed.

STOCKS solidly advanced throughout the day. Dow added 0.69% (90.21) to 13,254.99. S&P out did the Dow rising 11.12 (0.79%) to 1,416.65.

Stocks are now drawing nigh this year's highs that posted a double top April 1 and May 1 at 1,422.38 and 1,415.32. Analogous prices for the Dow came at 13,297.11 and 13,338.66. If the Dow travelled all the way to the trend line left by those two tops, it might reach 13,450. Stocks have same chance of breaking through these tops and entering a new bull market that I have of winning $305 million Power Ball lottery. Well, maybe not quite that likely.

On 16 August 1896 gold was discovered in the Klondike, at Bonanza Creek, Alaska.

“Plus ça change, plus c'est la même chose.” The more things change, the more they stay the same. On 16 August 1777 France declared bankruptcy, which monetary troubles contributed to the later Revolution.

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, August 15, 2012

The Gold Price Up $4.30 and will Likely Close Above $1,605 maybe $1,610 Tomorrow

Gold Price Close Today : 1603.70
Change : 4.30 or 0.27%

Silver Price Close Today : 27.805
Change : 0.049 or 0.18%

Gold Silver Ratio Today : 57.677
Change : 0.053 or 0.09%

Silver Gold Ratio Today : 0.01734
Change : -0.000016 or -0.09%

Platinum Price Close Today : 1397.60
Change : -2.70 or -0.19%

Palladium Price Close Today : 577.70
Change : -0.30 or -0.05%

S&P 500 : 1,405.53
Change : 1.60 or 0.11%

Dow In GOLD$ : $169.70
Change : $ (0.53) or -0.31%

Dow in GOLD oz : 8.209
Change : -0.026 or -0.31%

Dow in SILVER oz : 473.47
Change : -1.10 or -0.23%

Dow Industrial : 13,164.78
Change : -7.38 or -0.06%

US Dollar Index : 82.56
Change : -0.091 or -0.11%

When y'all saw the silver and GOLD PRICE slipping on Monday and Tuesday, y'all ought to have reckoned that it was a mere correction from the Friday high.

Sorry, friends, I sent y'all no commentary the last two days, but I had to make a trip and forgot to warn y'all on Friday.

The SILVER PRICE and GOLD PRICE haven't been anything to brag on the last two days, but pulled out of the slump today.

Last Friday GOLD was tapping away at $1,625, but yesterday dropped below $1,600 and today tested that $1,590 support with a $1,591.40 low. That didn't last long. Gold puts its toes down and bounced along that bottom from 4:00 a.m. to 8:00 a.m. When Comex opened the doors the crowd rushed in with money and a will, like women headed to an After-Christmas Sale. Whoops, gold ran out of gas at $1,609 resistance, and closed at $1,603.70, up $4.30.

Don't y'all whine and complain about that, because gold's chart looks a bit like a key reversal, or at least a double bottom the last two days. What has it achieved? It has now twice successfully defended this $1,590-ish support. It's uptrend remaineth intact. The MACD momentum indicator looks lazy, but remember this is August, and nothing much happens for metals in August. The GOLD PRICE will likely creep through $1,605 tomorrow, maybe close above $1,610.

The SILVER PRICE chart differeth from gold's only in the numbers on the index. Last three day's low struck today at 2748.8, but silver lingered not there. Ran straight for 28, but was driven back. Comex closed at 2780.5c, up 4.9 cents. Look for a couple of days sideway movement then a push through 2800c. Yet nothing significant will happen until silver breaks it's bounds at 2850c.

The Scrofulous US dollar (index) rose 14 basis points today to 82.663. This continues the silly sidewise move, saying nothing but that the Nice Government Men keeping it down to prevent panic from erupting in the euro.

Euro is green and sick as a ten-year old smoking cheap cigars. Spite of everything the central bank oxygen-wasters can do, euro keeps on nervously gapping down. They managed -- barely -- to close it above the 20 DMA ($1.2271) today at $1.2291, but still down 0.24%. 'Taint nothing going for the euro but wishful thinking. Oh, what pain will surge through the world if it breaks $1.1800!

Yen finally gapped down yesterday, away from that overhead resistance and nearly at the 50 DMA (126.53). Closed at 126.62 cents (Y78.98). Roll-over toward the earth's core is gaining speed.

Stocks spent another bewildered day, some indices rising, some falling, but no big moves in either direction. Dow looks like somebody's EKG, jerking up and down. Dow ended down 7.66 (0.06%) at 13,164.78 while the SYP500 gained 1.6 (0.11%) to 1,405.53.

Face it, stock fans: stocks have stalled. We may have seen the extent of this rally. All it's doing is building a rising wedge, which will most likely break out gravity-ward.

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

- Franklin Sanders, The Moneychanger
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© 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.