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Friday, September 28, 2012

The Silver and Gold Price Have Begun their Next Leg Up that will Carry Gold Above $4,000 the Current Correction will be Short Lived

Gold Price Close Today : 1,770.40
Gold Price Close 21-Sep : 1,775.50
Change : -5.10 or -0.3%

Silver Price Close Today : 34.424
Silver Price Close 21-Sep : 34.567
Change : -14.30 or -0.4%

Gold Silver Ratio Today : 51.429
Gold Silver Ratio 21-Sep : 51.364
Change : 0.07 or 0.1%

Silver Gold Ratio : 0.01944
Silver Gold Ratio 21-Sep : 0.01947
Change : -0.00002 or -0.1%

Dow in Gold Dollars : $ 156.90
Dow in Gold Dollars 21-Sep : $ 158.10
Change : $ (1.21) or -0.8%

Dow in Gold Ounces : 7.590
Dow in Gold Ounces 21-Sep : 7.648
Change : -0.06 or -0.8%

Dow in Silver Ounces : 390.34
Dow in Silver Ounces 21-Sep : 392.84
Change : -2.50 or -0.6%

Dow Industrial : 13,437.13
Dow Industrial 21-Sep : 13,579.47
Change : -142.34 or -1.0%

S&P 500 : 1,440.67
S&P 500 21-Sep : 1,460.17
Change : -19.50 or -1.3%

US Dollar Index : 79.922
US Dollar Index 21-Sep : 79.323
Change : 0.599 or 0.8%

Platinum Price Close Today : 1,647.40
Platinum Price Close 21-Sep : 1,637.10
Change : 10.30 or 0.6%

Palladium Price Close Today : 626.80
Palladium Price Close 21-Sep : 670.05
Change : -43.25 or -6.5%

The GOLD PRICE gave up $7.20 to end at $1,770.40 and the SILVER PRICE today lost 17.1 cents to 3442.4c. Right in step,

It may confuse y'all that I sound less than sunny about gold and silver, but I'm trying to read the chart honestly. Besides, I am only leery of the short run: the long run is sure, skyward, and sublime.

I've got to press on. Alliteration is about to seize up my mind.

Both metals have this week traced out what appears to be a megaphone or broadening top. In these patterns, the correction from the first plunge (especially with very strong markets) may reach or beat the high. This is a feint, a fake out, a false signal, for the following plunge will be sharp. I believe we are watching this unfold in silver and gold, but here are the bounds that will yea- or naysay me:

The GOLD PRICE above $1,805 (2 day close) with silver above 3525c screams that no correction is coming soon, or Gold below $1,738 (1 day close) with silver below 3336c sets both up for lower prices.

The 20 day moving averages, first tripwire of a decline, stand now at 3363c and $1,748. Any closes thereunder point down. Correction targets are $1,700 and $1,650 for gold, 3200c and 3100c for silver. If they do fall, expect it to last no more than three weeks.

I repeat: misunderstand me not. Silver and gold have already begun their next leg up that will carry gold above $4,000. The weakness I am expecting is very short-lived and a mere bagatelle compared to the long term outcome.

One of the most difficult thing to explain to my customers is that they are FAR, FAR better served in a long term bull market to keep their excess funds in silver and gold rather than in a bank. Today came a gracious example. A customer called to sell some silver and gold to meet a family need. She had converted US$5,000 to gold and silver in October 2008 (good timing). She sold it today at a 90.2% gain -- it was worth nearly twice what she had paid for it. I won't tell y'all about her profit on what she bought in 2006.

It's a bull market. That means that year after year, silver and gold become more value -- they don't just hold their own against paper dollars, they GAIN.

I reckon we live in Candide's Best of All Possible Worlds, where we hoi polloi don't have to worry about a thing 'cause our central bank massas are sure taking care of us. Yes, sir!

Except for a practically meaningless 8/10% rise in the US dollar index, markets at first glance did nothing. At second glance, however, other shapes appear. Remember, too, that the scoreboard never lies. Silver, gold, stocks, palladium the yen and euro all lost this week.

Talk about the Best of All Possible Worlds! Why, US$1 = Y77.98 = E0.7784. It don't get no better than that, central bankers walking hand in hand, depreciating their currencies in perfect time like they were waltzing.

US dollar index this week closed 79.922, up 60 basis points for the week and 37.4 for the week. Dollar, if your gonna strut your stuff, you'd better step higher than that! Dollar ranged this week from 79.35 to 80, and failed again today to clear that 80 hurdle.

Dollar is dancing with its 20 Day Moving Average (79.97) and if it should pierce that and resistance at 80, might run to its 200 DMA at 80.72 before it collapses again into the dung heap where it belongs. Whoops. I've got to watch that. Start talking about the dollar and my bile just leaks out everywhere. Something about a set-up where private individuals are given the state's powers to steal from the whole world just goes down crossways in my gullet.

Back to the thread: My guess is that the US, European, and Japanese central banks have struck a deal to keep their currencies in a range from $1 = Y75 = E0.75 to US$1 = Y83 = E0.83. You are watching them control that. However, should the dollar break 78.60, the last low, the sharks will come in and short like crazy, creating manifold and multitudinous migraines for the Nice Government Men.

Yen closed today own 0.49% at 128.23 cents (Y77.98). Euro lost 0.53% to $1.2847 (E0.7784). Both lost steam and faded today, and neither show any signs of liveliness, up or down.

In gold terms, both the Dow and the S&P500 are working their sweatiest to break down and fall. Dow in Gold gapped down yesterday and is sitting near its recent lows. S&P500 in Gold didn't gap down but is well below its 200 DMA, 0.8057 oz today against the 200 dma at 0.824. Dow looks even worse, 7.57 oz against a 200 at 7.80 oz.

In paper terms the Dow today bounced off its 20 DMA (13,402.12), closing down 48.84 at 13,437.15. Any break below 13,300 - 13,250 would be fatal. However, when Octobers are not deadly months for stocks, they sometimes see tops. Think of October 2007. Be not surprised, therefore, nor amazed, if the Dow runs even to the 14,200 top of that year. 'Twill not be strength, but death throes.

For the S&P500 a break below 1,420 would deal death.

For both indices, keep bearing in mind that their gains in paper dollar terms will be nugatory, fruitless, barren, feckless, and futile. All the while they will be losing value against gold, for they have already broken down in gold terms. Be not fooled by the Ben Behind the Curtain!

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, September 27, 2012

The Gold Price Jumped $26.90 to $1,777.60 Silver also Rose Correction Still Likely

Gold Price Close Today : 1777.60
Change : 26.90 or 1.54%

Silver Price Close Today : 34.595
Change : 0.718 or 2.12%

Gold Silver Ratio Today : 51.383
Change : -0.295 or -0.57%

Silver Gold Ratio Today : 0.01946
Change : 0.000111 or 0.57%

Platinum Price Close Today : 1645.90
Change : 11.50 or 0.70%

Palladium Price Close Today : 634.25
Change : 9.55 or 1.53%

S&P 500 : 1,446.64
Change : 13.32 or 0.93%

Dow In GOLD$ : $156.78
Change : $ (1.59) or -1.00%

Dow in GOLD oz : 7.584
Change : -0.077 or -1.00%

Dow in SILVER oz : 389.69
Change : -6.26 or -1.58%

Dow Industrial : 13,481.40
Change : 67.89 or 0.51%

US Dollar Index : 79.55
Change : -0.269 or -0.34%

The Moneychanger had to take his wife to the heart doctor today where she got an A++ report. He sends this message about today's markets:

The silver and GOLD PRICE pulled on their 7 league boots today. The SILVER PRICE jumped 71.8 cents to 3,459.5c and Gold jumped $26.90 to $1,777.60. Jubilate moderately, y'all. Gold slammed into $1,780 resistance once again bloodying heads against the wall. Silver didn't quite reach 3500c.

Today's action in gold looks like a corrective wave. In very strong markets this B wave of a correction reaches as high as the previous high and sometimes higher before falling off again. Be careful. Jubilate moderately.

U.S. index hit a solid wall at 80 and oozed down. Lost 26.9 basis points today to 79.552. The Dollar is going nowhere, but it's loss sent jubilation into stocks and gold. DOW gained 67.89 to 13,481.4, S&P 500 gained 13.32 to 1,446.64. Stocks look no better today than they did yesterday.

The Moneychanger will return tommorow, God willing.

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, September 26, 2012

The Gold Price Broke Support and Fell $13.20 to $1,750.60 Great Opportunity to Buy Gold On Sale

Gold Price Close Today : 1750.60
Change : -13.20 or -0.75%

Silver Price Close Today : 33.883
Change : -0.003 or -0.01%

Gold Silver Ratio Today : 51.666
Change : -0.385 or -0.74%

Silver Gold Ratio Today : 0.01936
Change : 0.000143 or 0.75%

Platinum Price Close Today : 1634.40
Change : 2.60 or 0.16%

Palladium Price Close Today : 624.70
Change : -15.00 or -2.34%

S&P 500 : 1,433.34
Change : -8.25 or -0.57%

Dow In GOLD$ : $158.39
Change : $ 0.69 or 0.44%

Dow in GOLD oz : 7.662
Change : 0.033 or 0.44%

Dow in SILVER oz : 395.88
Change : -1.26 or -0.32%

Dow Industrial : 13,413.59
Change : -43.96 or -0.33%

US Dollar Index : 79.90
Change : 23.800 or 42.42%

As yesterday I feared, the GOLD PRICE broke $1,755 support and tumbled. Today gold lost $13.20 to $1,750.60, while silver curiously refused to follow, closing on 3/10 cent lower at 3388.3. Odd.

The GOLD PRICE never broke $1,760 until nearly 8:00 a.m. Eastern time, then played the waterfall until 8:30, hitting the bottom pool at $1,738.58. It climbed on to vibrate between $1,750 and $1,740 until about 1:30 when it gapped up above $1,750, then closed 60 cents above $1,750. High came at $1,765.35.

That $1,740 level is the first small support below gold, and stretches to $1,720. Then comes $1,700 support, and beneath that the 200 day moving average ($1648.23) and 150 DMA (1,641.64). Also, the downtrend line, which coming down from above will act as support, stands now about $1,650 and dropping. For the Fibonacci-minded, a 38.2% correction happens at $1,712.66, a 50% at $1,688.77.

Any of those might catch gold's fall and end it. However, this shouldn't last too long, maybe a couple of weeks. The upcoming US election also clouds the outlook, since it's never quite clear how the public might react, although it will be clearly illogical.

The SILVER PRICE broke support above 3360c and on gold's same timetable dropped to a 3334 low. Oddly, it refused to capitulate, and after trading sideways until 11:00 a.m., gapped up about 1:30, made a high at 3402c, and ended the day only 3/10 cent lower.

Support around 3350c is proving stronger than expected. Expect silver to catch and stop falling around 3250 or 3100c. SILVER has been hugely overbought, so this correction is normal, predictable, and natural.

Don't panic. Markets go up, markets go down, our job is to identify and ride the primary trend, the tide, and not to let the little waves and storms confuse us. This correction merely offers us an opportunity to buy silver and gold On Sale.

Bailing out the banks is not a quiet or an easy business. Some of the "realizers" who see what's coming are raising a ruckus.

In Greece, where an ECB/IMF dictated austerity "reform" has already been put in place, people are desperate. Hundreds of thousands marched today in protest.

In Spain, the moment draweth nigh when the Spanish government must tell the ECB how much it needs to bail out Spanish banks and itself. Whoops -- but first, it must agree to the ECB-dictated austerity "reform." Tens of thousands of Spaniards, nervously eying what's happened in Greece, marched in protest. Head of the northwestern region of Catalonia is calling for a referendum to secede from Spain. (Why isn't he governor of Tennessee?)

Of course, bailing out the banks creates many new jobs, for more policemen are needed to beat up protestors.

Bailing out the banks is not easy, but it must be done. I forget WHY, but it must be done.

I like it better the way we do it in the US, where the Fed just keeps on printing money and sends us all down the drain quietly and without a lot of fuss and fanfare.

Y'all know what I'd like to see? I'd like to see one of those pointy-toed bankers or pointy-headed central bankers forced to put in one single day's real work. I think throwing hay would do it, following a trailer in the field picking up 80 lb. hay bales and throwing em up on the trailer to be stacked. Say, from about 7:30 a.m. till about 11:30 p.m., on a 95 degree day, but with breaks for dinner and supper, of course. I'm not inhuman. They could even wear gloves.

Time they got finished, they'd know better than to call what they do "work."

Wait, come to think of it, we need to give them an altogether new career breaking rocks permanently. And a bright orange jumpsuit to go with the job.

Enough of this fun, there's serious news to face. A group in England warns that the widespread drought in Russia and the US threatens a world wide bacon shortage. And those central bankers think a financial crisis is bad. Wait till they live through a bacon shortage! I'm not worried. We've got hogs galore, and make our own bacon -- no chemicals.

On the longer term chart the US dollar index has spent the last 9 days rallying up to the mid-channel support it fell through mid-September, about 79.75 today, It rose 23.8 basis points (0.31%) today to 79.90, but every gambler and his cousin will be selling the dollar at 80. Since the US Federal Reserve, the ECB, and the Bank of Japan have all recently announced more money printing, sanitized under the newly invented name of "Quantitative Easing," they are most likely co-ordinating their currencies' exchange rates so that they all lose value at about the same rate. That way you ignorant hoi polloi won't catch on what they're doing and avoid it by buying silver or gold or goats or anything that can't be debased by central bankers.

Here's something remarkable, witnessing to the manipulation I imply above. Remember I told y'all some time ago that central bankers' minds work in target ranges, and I bet their target range for the euro/$ and Yen/Dollar was 75 - 80. Today the yen closed at 128.69 cents to Y100, and the euro at $1.2857. Yep, that means $1 = Y77.71= E0.7779. Sharp marksmanship, Nice Government Men!

That rioting in Greece and Spain just depresses the tar out of stock investors. European indices all dropped. In the US stock indices tried to bounce, but were only as successful as an anvil dropped from 6 inches.

Shockwaves from the economic quakes in Europe rattled windows on Wall Street today. Something about seeing police beating hundreds of protestors with truncheons saps investors' optimism.

Dow lost 43.96 (0.33%) to 13,413.59 while the S&P500 trotted along even faster, losing 8.25 (0.57%) to 1,433.34.

In spite of this, the Dow in Gold Dollars is signaling that it intends to rally just a little. Today it rose to but not through its 200 DMA, and its MACD indicator turned positive. That hints gold has some tough days in front of it.

Overnight Rhode Island and Wyoming finally ordered At Home In Dogwood Mudhole, along with Croatia and Andorra. That concludes my Special 2 for 1 offer, and I deeply appreciate your response.

Don't misunderstand: we are still selling the book before its 15 October publication date, and hope the rest of y'all will order. If you don't, how will you ever learn about "The Yankee Christmas Gift," "The Rights and Wrong of Southern Barbeque," "Thanksgiving in Jail," or "The Great Chicken Slaughter." I will personally autograph all pre-publication orders.

Once again, I warn y'all: At Home In Dogwood Mudhole will make you snort, wince, laugh, weep, and jump up and down. It won't bore you, and I'm willing to put my money where my book is: you buy it and read it, and if you can truly say it didn't move you to do anything but keep turning pages waiting for something to happen, I will refund your money and you can keep the book to throw at mad dogs.

For some reason we're having problems with that bitly link. Instead, you can order the book at http://store.the-moneychanger.com/products/at-home-in-dogwood-mudhole-vol1

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, September 25, 2012

Gold Price Rose $1.70 to $1,763.80 Correction still Looks Likely

Gold Price Close Today : 1763.80
Change : 1.70 or 0.10%

Silver Price Close Today : 33.886
Change : (0.035) or -0.10%

Gold Silver Ratio Today : 52.051
Change : 0.104 or 0.20%

Silver Gold Ratio Today : 0.01921
Change : -0.000038 or -0.20%

Platinum Price Close Today : 1631.80
Change : 9.80 or 0.60%

Palladium Price Close Today : 639.70
Change : -4.65 or -0.72%

S&P 500 : 1,441.59
Change : -15.30 or -1.05%

Dow In GOLD$ : $157.72
Change : $ (1.33) or -0.83%

Dow in GOLD oz : 7.630
Change : -0.064 or -0.83%

Dow in SILVER oz : 397.14
Change : -2.58 or -0.65%

Dow Industrial : 13,457.55
Change : -101.37 or -0.75%

US Dollar Index : 79.59
Change : 0.049 or 0.06%

The silver and GOLD PRICE charts don't offer much more comfort today. Gold rose $1.70 to $1,763.80 while silver lost 3.5 cents to 3388.6c. The GOLD/SILVER RATIO rose ominously from 51.947 to 52.051.

The GOLD PRICE five day chart shows that peak above $1,785 Friday, a crash to $1,755 over the weekend, and a recovery today to $1,775. Today it also backed off to close at the range's lower end. $1,755 is now the sling underneath as $1,775 is the canopy overhead. A break below $1,755 -- today's low was $1,758.96 -- would send gold to visit $1,720 right quickly. 20 DMA stands at $1,732.05., so a drop to $1,720 would turn gold decidedly lower.

That all important 150 day moving average is now paralleling the 200 DMA, $1,641.66 to $1,648.25. That would be a logical safety net for gold should it pierce $1,720.

Nix all the above and buy gold both-handedly if the GOLD PRICE closes above $1,885.

Like gold, the SILVER PRICE 5 day chart also shows a declining right triangle, with lower tops and a floor about 3360. Should silver break 3360c, the 300 DMA stands ready to catch it at 3240c. If that fails then 3100 - 3050c ought to stop it.

If you go in for Fibonacci or other fizzly drinks, ponder that 3200c corrects the foregoing move by 38.2%, 3100c by 50%. That offers those levels as targets, too.

Dealing in words, I am REALLY picky about using them correctly. Thus was I instantly appalled this morning listening to National Proletarian Radio (Motto: "Using your tax dollars to promote socialism and statism"). They were discussing the ongoing economic "crisis."

Crisis? Ongoing? That's a contradiction in terms, for, LO! a "crisis" is a "turning point," "a condition of instability leading to a decisive change," or, medically "the point in a serious disease's course when a decisive change occurs, either to recovery or death."

So subtly have the bureaucrats and central bankers and statist cheerleaders tortured this poor word "crisis" that it ceases to have meaning, no, worse still, it has come to signify a PERMANENT condition. Never comes the turning point, never the decisive change, only the eternal emergency, which they must manage.

And of course y'all remember, "Necessitie, the tyrant's plea?" Emergency, like war, wraps all sorts of tyranny in the toga of righteousness and patriotism. Yet when you lift the toga, underneath dwelleth still the same old fascists.

Crisis, indeed.

US dollar index, keeping its snail-ish rally running, added 5 basis points (0.6%) today to end at 79.593. Worse, it appears to be rolling over downward on the five day chart. Yen gained 0.7% to 128.54c (Y77.80), still fluttering below the downtrend line. No news until it breaks above 130 or below 127. Yawn. It's been a rough six days for the euro. Dropped 0.22% again today to close at $129.03 (E0.7750). Barely hovering above 200 day moving average (128.38) and 20 DMA (128.21). Sliding down the downtrend line. Tears lurk in its scrofulous future.

The five day Dow chart shows a head and shoulders top with a neckline about 13520. Today the Dow broke that neckline and plunged to a 13,457.49 low, closing just 0.10 point higher. This smashing fall took the down 101,.37 or 0.75%.

Today was even more cruel to the S&P500. It lost 15.3 (1.05%, whew!) to 1,441.59.

Who am I, natural born fool from Tennessee, to parse the import of these moves? Well, I am fool enough to hazard a guess. All y'all who've pinned on stocks the hopes the hopes for your retirement and later happiness in life don't get too mad at me. I've been warning y'all.

Charts for both S&P500 and Dow have traced out near identical patterns. They rose off a June low to create a long rising wedge, then bumped up and through highs for the year. Bear in mind that they might still reach for slightly higher highs, but for right now the chart unfolds only bad news. After trading in an island type pattern (suspect for a reversal), both have traded back down into their rising wedge. For the S&P500 the rising bottom boundary of that wedge (itself no happy omen) hits today about 1,425, and for the Dow about 13, 350. Closes below those push both over a very sharp cliff toward the rocks below.

Again I mention that stocks measured in gold are trading below their 200 day and 20 day moving average, having broken down after a long topping process. Might turn up for a final kiss of that 200 DMA, but might just keep on falling like your car keys down a well.

This is getting to be too much fun. Delaware, Maine, and Louisiana all showed up to order At Home In Dogwood Mudhole today, not to mention our first order from Russia.

Y'all have to buy At Home in Dogwood Mudhole. You'll learn about "Straingin' Bob War,", how the dog we thought was eating our eggs turned out to be a 10 foot snake, and whether to shoot horses after they run away the first time or try to train it out of 'em.

I know I have some sensible readers in Rhode Island and Wyoming who will thoroughly enjoy this book. Where are y'all? First order from each of those states gets an additional copy free, autographed and shipped to you at no charge in plenty of time to give as a Christmas gift.

For some reason we're having problems with that bitly link. Instead, you can order the book at http://store.the-moneychanger.com/products/at-home-in-dogwood-mudhole-vol1

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, September 24, 2012

The Silver and Gold Price Lost Ground Today Great Opportunity to Buy at Reduced Prices

Gold Price Close Today : 1762.10
Change : -13.40 or -0.75%

Silver Price Close Today : 33.921
Change : -0.646 or -1.87%

Gold Silver Ratio Today : 51.947
Change : 0.583 or 1.14%

Silver Gold Ratio Today : 0.01925
Change : -0.000219 or -1.12%

Platinum Price Close Today : 1622.00
Change : -15.60 or -0.95%

Palladium Price Close Today : 644.35
Change : -25.70 or -3.84%

S&P 500 : 1,456.89
Change : -3.26 or -0.22%

Dow In GOLD$ : $159.06
Change : $ 0.98 or 0.62%

Dow in GOLD oz : 7.695
Change : 0.047 or 0.62%

Dow in SILVER oz : 399.72
Change : 6.88 or 1.75%

Dow Industrial : 13,558.92
Change : -20.55 or -0.15%

US Dollar Index : 79.56
Change : 0.048 or 0.06%

Following through on Friday's step one of a key reversal, the silver and GOLD PRICE filled out step two today. Silver lost 64.6c to close 3392.1 (Owch! Below 3400c) and GOLD gave up $13.40 to $1,762.10.

The SILVER PRICE high today at 3418c began the day lower than its Friday low (3433.2c). Gaps down betray an underlying readiness to fall. At 64.1 cents silver did not fall terribly, but morale was whipped across the face with a cat o'nine tails by the close below 3400c. Ratio jumped from 51.364 to 51.947, also a bearish flag on the track.

The GOLD PRICE, too, gapped down over the weekend. Friday's low was $1,769.77 while today's high was $1,767.30. Critical level is $1,755. If gold breaks that level -- and it's now pointed in that direction -- it should tumble quickly toward $1,720.

Cheer up, long faces! This is good news, since we want to buy more silver and gold at reduced prices, and now should get the chance.

US dollar index continues to wallow upward, a massive 4.8 basis points (0.6%) today to 79.563. Meaningless. Euro fell 0.38% to l$1.2930 (E0.7734), leaving it below the downtrend line. Not a hopeful sign. Yen, on the other hand, gained 0.41% to 128.48 c (Y77.842). This remains in the same old range.

Stocks couldn't do anything today. Dow lost 20.55 (0.15%) to 13,558.92. S&P500 lost 3.26 (0.22%) to 1,456.89. This looks bad after Friday's rise into new high territory. Sort of makes it look like a key reversal. But what do I know? I don't work on Wall Street OR wear shark skin suits.

On 24 September 1769 a panic on Wall Street ruined thousands. Jay Gould and James Fisk were trying to corner the gold market, President Grant found out who had been bought in his administration, and ordered enough gold sold to break them. I suppose even a blind squirrel finds an acorn now and then.

Readers from 45 states have now ordered my new book, At Home In Dogwood Mudhole. Where are y'all, Delaware, Louisiana, Maine, and Rhode Island?

New orders came in from Belize, Hong Kong, Viet Nam, Portugal, Zimbabwe, Kenya, and Wales. Yes, in Tennessee we count Wales a country. And to our friend in Wales and Slovenia: your emails are being returned. We've got a solution. Email us.

I forgot to tell y'all that At Home in Dogwood Mudhole contains my own hand-drawn maps, like the map of the Massive Planned Pasture Adjustment. Inside you will also learn how to teach pigs to jump rope, terrorists in Wayne County, water-witching, and the Demon Cow. Read it, and if you don't think it's the best thing to come out of Tennessee since Davy Crockett, I refund your money and you can keep the book and use it to start fires with.

I am extending the same Special-Special Offer one more day. Be the first to order from your state or country, and you'll get two books for the price of one. Order at htty://bit.ly/ahidm-vol1

Better hurry. My generous gland is about to shut 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.



Friday, September 21, 2012

Gold Price Closed Higher any Close Above $1,776 Next Week will Send Gold to $1,800 Buy with Both Hands if Metals Correct

Gold Price Close Today : 1,775.50
Gold Price Close 14-Sep : 1,769.80
Change : 5.70 or 0.3%

Silver Price Close Today : 3456.7
Silver Price Close 14-Sep : 3460.3
Change : -3.60 or -0.1%

Gold Silver Ratio Today : 51.364
Gold Silver Ratio 14-Sep : 51.146
Change : 0.22 or 0.4%

Silver Gold Ratio : 0.01947
Silver Gold Ratio 14-Sep : 0.01955
Change : -0.00008 or -0.4%

Dow in Gold Dollars : $ 158.10
Dow in Gold Dollars 14-Sep : $ 158.77
Change : $ (0.67) or -0.4%

Dow in Gold Ounces : 7.648
Dow in Gold Ounces 14-Sep : 7.681
Change : -0.03 or -0.4%

Dow in Silver Ounces : 392.84
Dow in Silver Ounces 14-Sep : 392.84
Change : 0.01 or 0.0%

Dow Industrial : 13,579.47
Dow Industrial 14-Sep : 13,593.37
Change : -13.90 or -0.1%

S&P 500 : 1,460.17
S&P 500 14-Sep : 1,465.77
Change : -5.60 or -0.4%

US Dollar Index : 79.323
US Dollar Index 14-Sep : 78.851
Change : 0.472 or 0.6%

Platinum Price Close Today : 1,637.10
Platinum Price Close 14-Sep : 1,712.70
Change : -75.60 or -4.4%

Palladium Price Close Today : 670.05
Palladium Price Close 14-Sep : 698.80
Change : -28.75 or -4.1%

The GOLD PRICE gained  $7.80 to 1,775.50 while silver chiselled off 5.1 cents to 3456.7c.

Very strange day. Just on the open silver and gold shot straight up, traded sidewise for almost two hours, then fell off the cliff. Rest of the day was fairly calm.

Both went to new highs for the move, 3517c and $1,787.10. The whole move looks something like an island reversal, complete with the little gaps. The SILVER PRICE looks the same, but not quite. Gold, after all, closed HIGHER, but silver a little lower. Today might mark the break to a correction. Any close next week above $1,776 would immediately gainsay that and send gold running for $1,800 before it runs out of steam.

Rest easy, y'all -- the world's best friends of GOLD, Bogus Ben Bernanke and Super Mario Draghi are carrying us to the Brave New World of unlimited inflation. They are guaranteeing you that your silver and gold will double, triple, or quintuple before all this ends. If silver and gold do correct, buy with both hands.

Tragic news item today: The Energizer bunny has been arrested. Charged with battery.

This week's scorecard is practically unchanged from last week's, save for platinum and palladium, which dropped more than 4%.

This first week of the Brave New World of unlimited QE and infinite money printing was, well, not much. Certainly it tried to keep the stock market floating, and helped gold, but other than that it was just Corruption as Usual. But something outlandish did occur with silver and gold today. More below.

The US dollar index fell a gnat's eyebrow, 6.5 basis points (0.08%) to 79.323. Dollar has done falling for a little while (note "little"). It can't climb much higher than 80. However, it may crab along sideways for a few days.

Euro is busy gainsaying its breakout (above the downtrend line) last week, sliding down the line like a drunk on a lamppost. That line is about where it closed today, $1.2986 (US$1 = E0.7701), so if it closes below that next week it will drop back to 126.20 and fill in that breakaway gap.

Japanese Yen looks raggeder than the euro, having fallen away from the downtrend line (about 130c) like a fat rock into a deep well. Now jiggling along above its 20 and 50 day moving averages, which are right next to each other.

Fiat currencies -- they have all the attractions of a three day old roadkilled armadillo.

STOCKS had a really bad day. They rose to a new high for the move, but closed lower. That's the first half of a key reversal, but to confirm must close lower on Monday. Dow lost 17.48 (0.13%) today after trading much higher in the morning then sliding through the day. Almost every other index closed down, too. S&P500 lost 0.09 to 1,460.17.

This will end in wailing, sorrow, and gnashing of teeth. Technically this is the second touch off this point -- a double top? Stay away from stocks.

On 21 September 1873 it was Black Friday, the first time the New York Stock Exchange had to close because of a banking crisis -- and not the last.

On 21 September 1931 Great Britain went off the gold standard. So, explain to me how this differs from today?

I've been making y'all a special pre-publication offer for my new book, At Home In Dogwood Mudhole. There's a story in there called "Pig Persuader" that will leave you laughing breathlessly, at my expense. Then there's the tale of the horses running away with the wagon -- terrifying, but I can't keep from laughing.

Don't take my word for it. If you read AHIDM and it doesn't make you laugh, cry, and your heart soar, I'll refund your money and you can keep the book and use it to shim up your old rickety washing machine.

Yesterday I made a Special-Special Offer of two copies for one for the first person to order from states or countries we had no orders from. Orders came in from: Alaska Iowa Kentucky Maryland Nebraska New Jersey South Dakota West Virginia

Foreign countries (now 24): Bahrain China India Indonesia Japan Lebanon Malaysia Monaco The Netherlands Romania Solvenia, and Switzerland.

Thanks to all of y'all for those orders yesterday. I honored and amazed by the universal interest in At Home in Dogwood Mudhole.

But we still need orders from a few states, and of course lots of foreign countries. If you order from these states and you'll still get Two-For-One if you are first to order (same goes for foreign countries that haven't ordered yet). Delaware Louisiana Maine Rhode Island, and Wyoming.

To order, go to http://bit.ly/ahidm-vol1 First come, first served.

Whoa! And thanks, Australia. I've gotten more orders from Oz than any other foreign land. Y'all won't regret it.

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, September 20, 2012

The Gold Price Closed Down $1.30 Today I Expect a Correction although Gold May Continue to $1,900

Gold Price Close Today : 1767.70
Change : (1.30) or -0.07%

Silver Price Close Today : 34.628
Change : 0.099 or 0.29%

Gold Silver Ratio Today : 51.048
Change : -0.184 or -0.36%

Silver Gold Ratio Today : 0.01959
Change : 0.000070 or 0.36%

Platinum Price Close Today : 1623.40
Change : -16.50 or -1.01%

Palladium Price Close Today : 662.90
Change : -11.40 or -1.69%

S&P 500 : 1,460.20
Change : -0.79 or -0.05%

Dow In GOLD$ : $159.01
Change : $ 0.35 or 0.22%

Dow in GOLD oz : 7.692
Change : 0.017 or 0.22%

Dow in SILVER oz : 392.66
Change : -0.58 or -0.15%

Dow Industrial : 13,596.93
Change : 18.97 or 0.14%

US Dollar Index : 79.42
Change : 0.309 or 0.39%

The GOLD PRICE lost $1.30 today to $1,767.70 while silver gained 9.9c to 3461.8c. That reflects either indecision or balance between buyers and sellers. Both silver and gold are pretty fiercely overbought, so it's no surprise new buyers are indecisive. But this sideways stuff can't last much longer.

Present situation is fraught with many possible dead ends and tricks. The SILVER PRICE and GOLD PRICE might go ahead and make the correction I expect. On the other hand, they might yet shoot a little higher, say to $1,800 gold, and then correct. Or, not very likely, they might rest here a few days then resume their upward march to $1,900. Highest odds are with a correction, as the upward move appears complete.

Patience, patience -- it pays off. Foolish investors look at market moves and believe they have to buy the bottom and sell the top. Rather, look at it this way: you only want to take out a large slice of that rise. And after that opportunity, another train will leave the station tomorrow.

I'm flying blind today because the Internet conked out at my office, but I'll write this and take it home to send from there. Not much matter, as markets moved crabwise again today.

The vastly oversold US dollar index continues its pitiful "rally". Rose 30.9 basis points today, 0.4%, to 79.422. 80 is about the limit of this snail crawl.

Euro lost 0.32% today and closed below 1.3000 at $1.2960 (E0.7716). Yen gained 0.2% to 127.80c (Y78.25), also no game changer.

Y'all are watching the fiat paper currencies decouple from silver and gold, little by little, until finally the public will repudiate them altogether, an outcome to be devoutly hoped for.

Of all stock indices only the Potemkin Dow rose today, 18.97 (0.14%) to 13,596.93. S&P500 fell 0.79 or 0.06%. Mostly it was a losing day, but I don't think stocks have drawn in enough victims yet to end their rally. Stock investors have about as much chance of winning as guests at a casino.

My new book, At Home in Dogwood Mudhole, went to the printer last week, and is on track to be published 15 October. The book recounts my family's move to the country and how we learned to farm by making every mistake the ignorant could chance upon. You'll read about Jack, my $1,000 Dalmador dog, and my wife's command not to "buy anything that eats." If you read it and you don't laugh out loud (or cry great tears), I will refund your money and you can keep the book and use it for a doorstop.

SO FAR we have orders from 36 US states and 12 foreign countries -- thank you, Malta, for that order!

I'd like to get an order from every state, so I'm going to make a one time offer. If you are the VERY FIRST (and only the first) to order At Home In Dogwood Mudhole from one of the states below, I'll send you TWO (2) orders for the price of one. You can give one to a friend and look like a big spender. Offer only applies to persons ordering from these states, and only to the first person who enters an order: Alaska Delaware Iowa Kentucky Louisiana Maine Maryland Nebraska New Jersey New Mexico Rhode Island South Dakota West Virginia Wyoming

I already have orders from UK, Guernsey, Ireland, Australia, New Zealand, Canada, Saudi Arabia, Malta, Israel, Thailand, Norway, and Singapore. If you are NOT in one of these countries, I'll make the same First Order Offer to you: If you are the first person from your country to order At Home In Dogwood Mudhole, you get two for the price of one.

To order, go to http://bit.ly/ahidm-vol1 Time's a wasting!

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, September 19, 2012

The Gold Price Closed at $1,769.00 any Correction will be Sharp but Won't Last Long Look for Buying Opportunities

Gold Price Close Today : 1769.00
Change : 0.60 or 0.03%

Silver Price Close Today : 34.519
Change : (0.125) or -0.36%

Gold Silver Ratio Today : 51.247
Change : 0.202 or 0.40%

Silver Gold Ratio Today : 0.01951
Change : -0.000077 or -0.39%

Platinum Price Close Today : 1639.90
Change : 4.60 or 0.28%

Palladium Price Close Today : 671.00
Change : 4.15 or 0.62%

S&P 500 : 1,461.05
Change : 1.73 or 0.12%

Dow In GOLD$ : $158.67
Change : $ 0.12 or 0.07%

Dow in GOLD oz : 7.676
Change : 0.006 or 0.07%

Dow in SILVER oz : 393.35
Change : 1.80 or 0.46%

Dow Industrial : 13,577.96
Change : 13.32 or 0.10%

US Dollar Index : 79.11
Change : -0.081 or -0.10%

Today silver lost 12.5c to 3451.9c while the GOLD PRICE gained 60 cents (look quick or you'll miss it!) to $1,769.00.

Yesterday gold gained 70c and silver gained 34.6c. Y'all see a pattern? They are churning in tighter and tighter ranges without progress. Buyers and sellers are tangled arm in sweaty arm, wrestling for control.

Battle lines are drawn. For the buyers to win gold must break through $1,780, and silver through 3500 cents. Sellers win if gold closes beneath $1,750 or silver beneath 3380c.

Whichever way it resolves, any the GOLD PRICE and the SILVER PRICE correction will be sharp but won't last long. Keep your eyes open for the buying opportunity.

I came across this crystalline assessment of recent events from Clive Maund at http://tinyurl.com/9plwgwu

"Last week was a momentous one when the financial world passed the point of no return. Right after a German court cleared the way for massive European QE to get underway, steamrollering opposition from German politicians and the German public in the process, the Fed announced not just QE3, which was expected, but open-ended and unlimited QE and suppression of interest rates over a longer timeframe. The Fed has declared open warfare not just against the dollar and savers in general, but against the entire American middle and lower classes, who will be progressively stripped of their assets and impoverished, the better to serve the interests of the banking class and the elites at large."

That's better than e'er a natural born fool from Tennessee could put it. Y'all pay attention.

When markets flatline, they may have run out of interested investors, but they may reveal buying and selling evenly balanced but fiercely strong. If that latter case, from flatline they will burst out in either direction most suddenly. I mention this because silver and gold fit that pattern right now.

The scabby US dollar, trashy low-life of currencies, lost a tiny 8.1 basis points today (0.1%). Stopped cold at 79.40 and probably has a two or three day correction in front of it, assuming it has turned around.

Euro closed at $1.3049/E0.7663, up 0.04%. Kissed back to the downtrend line today, so tomorrow must launch skyward or risk falling back to 126 where it left a breakaway gap. Actually, maybe the euro is the trashy low-life of currencies.

Yen has fallen briskly away from the main downtrend line below the top fan line. Translation: it failed to make good its breakout, so the presumption of more upward gain is against the yen. Now that I think about it, maybe the yen is the trashy low-life of currencies. Shucks, all three are so trashy, who could pick?

Stocks showed some life today. Dow scratched around and gained 13.32 (0.1%) to 13,577.96. S&P500 added 1.73 (0.12%) to 1,461.05.

Short and sweet: stocks are setting up an epochal peak which will be followed by a crash and long bear market astonishing for its cruelty. Yes, I know the "Bernanke put" is obvious and that the government manipulates the stock market so often and so much that no real market remains, but even the mighty Bogus Ben cannot lift the weight of the world when it crashes down on his itty shoulders.

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, September 18, 2012

The Silver and Gold Price Both Gain Ground Today I'm Expecting Corrections after their Long Runs

Gold Price Close Today : 1768.40
Change : 0.70 or 0.04%

Silver Price Close Today : 34.644
Change : 0.346 or 1.01%

Gold Silver Ratio Today : 51.045
Change : -0.495 or -0.96%

Silver Gold Ratio Today : 0.01959
Change : 0.000188 or 0.97%

Platinum Price Close Today : 1635.30
Change : -36.30 or -2.17%

Palladium Price Close Today : 666.85
Change : -21.75 or -3.16%

S&P 500 : 1,459.32
Change : -1.87 or -0.13%

Dow In GOLD$ : $158.56
Change : $ 0.09 or 0.06%

Dow in GOLD oz : 7.671
Change : 0.004 or 0.06%

Dow in SILVER oz : 391.54
Change : -3.61 or -0.91%

Dow Industrial : 13,564.64
Change : 11.54 or 0.09%

US Dollar Index : 79.19
Change : 0.235 or 0.30%

Platinum and Palladium are weighing on the silver and GOLD PRICE. Beginning mid-August platinum staged a magnificent run from the high $1300s to $1,716.50. Ahh, but what's won easily is lost easily, too. Platinum has lost $77 (4.5%) since Friday, leaving little doubt that this move has ended. Palladium rose from $562.35 to $705.80 on Friday, and today stands at $666.85. It's chart looks finished, too, and these two dropping want to drag silver and gold down as well.

The SILVER PRICE gained 34.6 cents today to end at 3464.4c. The GOLD PRICE gained 70 cents to $1,768.40.

Silver's 5 day chart has diverged from gold's. While the GOLD PRICE has formed what is probably a rounding top, silver today managed a new high at 3503c. Gold, on the other hand, traded rangebound by $1,769 - $1,775 over Friday and Monday, dropping off to $1,750. It rose again today as high as $1,773.13, but today's low was slightly lower. Overall impression is a rounding top.

Since I'm no more than a natural born fool from Tennessee, I could be dead wrong here, and if gold shoots through $1,825 I'll admit it. Till that happens, however, I'm expecting a correction after the long run silver and gold have enjoyed. It's okay --- they've earned it.

It dawned on me today:  the Fed is fixing up the banks' balance sheets by

1.  Buying their Mortgage Backed securities,

so the banks can take that newly created money and

2.  Buy US treasuries, and

3.  Instantly clean the banks' balance sheet,

trading a rotten asset for a solvent one.

But who pays?  You do.  Fed created money to buy MBSs, and must inflate hugely to do so, 12 x $40 bn = $480 bn = 1/2 trillion a year. Every dollar the Fed creates cheapens the dollars you own -- sucker.

Bottom line:  this amounts to creating $40 bn/month to buy, that is, to DIRECTLY MONETIZE, US government debt.  At heart this is precisely what the Reichsbank did for the Weimar government during the 1920-1923 German hyperinflation.

Ben Bernanke, I would say, finds himself just a little bit pregnant.

TODAY'S MORALITY PUZZLER: Does a moral government grant anyone the power to create money out of thin air? Is it immoral to default on a debt owed to such criminals?

Think about it this way: a man puts a gun in your ribs and takes your wallet, then asks, "Do you have any more money on you?" Are you morally obliged to tell him about the $100 in your shoe?

I keep telling y'all that the central banks probably have an exchange rate range for the yen, euro, and dollar that equals roughly Y80 = E0.80 = US$1 on the high side and Y75 = E0.75 = US$1 on the low side. That means that each currency in dollar terms will range between $1.2500 and $1.3333.

Clearly Bogus Ben and Super Mario have made a deal to inflate their currencies together to mask the real game, gutting their currencies.

Dollar index bottomed Friday at 78.60. Today it stands at 79.186, up 23.5 basis points today or 0.3%. It will probably rally up to 80 or so before it slows down.

Euro has shot its wad for the nonce. Shows two gaps, a runaway gap mid-August and an exhaustion gap Friday. Backed off 0.52% today to 1.3047. Time for a rest.

Yen has fallen back badly from Friday's high, down another 0.11% today to 126.90c (Y78.80/US$1). Expect no great things here.

Stocks were mostly falling today, although the Potemkin Dow did manage to add 11.54 (0.09%) to 13,564.64. Most other indices fell, including the S&P500, down 1.87 (0.13%) to 1,459.32.

On 18 September 1789 the US governemnt took oiut its first loan. Alexander Hamilton (don't spit, you'll mess up the floor!) took the loan from the Bank of New York and the Bank of North America.

Funny story about that Bank of North America. It was the bank cobbled together which the insiders hoped to make the central bank for the US, like the privately owned Bank of England. Problem was, they didn't have much capital, hardly any. But they had a few bags of silver coin, so they hired two stout fellows to send them up from the basement on a dumbwaiter, and two others to roll the dolly across the lobby so everyone could see how much money they had. Then they carried the bags downstairs, where the other two would load them into the dumbwaiter again.

It was sort of like Bogus Ben going on TV to tell all the hoi polloi that everything is fine in the economy.

On 18 September 1873 government bond agent Jay Cooke and Co. collapsed, causing a panic on Wall Street. More things change, more they remain the same.

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, September 17, 2012

The Long Gold Price Correction Lies in the Past Buy if Metals Break Above $1,825 and $37.50

Gold Price Close Today : 1767.70
Change : (2.10) or -0.12%

Silver Price Close Today : 34.298
Change : (0.305) or -0.88%

Gold Silver Ratio Today : 51.539
Change : 0.394 or 0.77%

Silver Gold Ratio Today : 0.01940
Change : -0.000149 or -0.76%

Platinum Price Close Today : 1671.60
Change : 10.80 or 0.65%

Palladium Price Close Today : 688.60
Change : 0.85 or 0.12%

S&P 500 : 1,461.19
Change : -4.58 or -0.31%

Dow In GOLD$ : $158.49
Change : $ (0.27) or -0.17%

Dow in GOLD oz : 7.667
Change : -0.013 or -0.17%

Dow in SILVER oz : 395.16
Change : 2.32 or 0.59%

Dow Industrial : 13,553.10
Change : -40.27 or -0.30%

US Dollar Index : 79.02
Change : 0.220 or 0.28%

The GOLD PRICE today fell $2.10 to $1,767.70. Silver gave up 30.5c to end at 3429.8c. Remember that my targets for these were $1,740 and 3445c. Having reached those goals, I would expect silver and gold to back off for a correction. However, if the GOLD PRICE shot substantially through $1,800 resistance, say, to $1,825 and above, I would stop waiting for a correction. If that correction comes, it could take gold to $1,640 and silver to 3000c. Markets will make clear this week their plans.

The GOLD PRICE peaked last September at an intraday high of $1,927 and went into a nearly year long correction. After thrice testing support at $1,525, gold began slowly climbing in May, forming an even-sided triangle (blue dashed lines). In August it broke out of that, kissed goodbye and dashed straight up from $1,616 to $1,773.50 (intraday high last week). Climbing that mountain gold crossed its 50, 150, and 200 day moving averages and left them far behind. Then it broke through the downtrend line from September 2011's high.

Ahh, but now the GOLD PRICE hits overhead resistance at $1,800, fierce resistance. That hints that gold will slip back for a final kiss good-bye to that downtrend line before it blasts moonward in earnest. This will NOT last long, and gold should be much higher by year end. I still expect to see gold cost more than $2,300 by next June.

But what do I know, a natural born fool from Tennessee? More'n any central banker, but that ain't saying much.

The SILVER PRICE topped in April 2011. Since then it has built a long declining triangle with a firm bottom at 2615c (thrice tested). Beginning in August silver rocketed through its 200 DMA and, more importantly, its 300 DMA (3248c). That 300 DMA acts as the most reliable gauge of silver recoveries; once it climbs above that, it's out of recovery mode.

To prove that, silver had to break out above the downtrend line from the April 2011 top.

But SILVER is now approaching an area from 3500c to 3750c loaded with hostility. Most likely it will take a break, touch its feet back to 3000c or so, and then take off skyward.

BOTTOM LINE: The long correction in silver and gold lies in the past. Buy if metals break above $1,825 and 3750c, or look sharply for a correction soon and buy that. Put everything you have into that wagon.

I'm rusty from vacation, but I've scoured the office and found my central banker stick, so I'm going to lay on with a will anyway.

Central banking criminals were busy while I was at the beach, but then, evil never sleeps. Both the ECB and the Fed announced the selfsame program: Bail Out The Banks.

European banks are gagging on rotten sovereign debt (bonds), so the Eurocrats are building a Garbage Can (the European Stability Mechanism or ESM) where they can compost all that bad debt when they buy it from the banks.

Germany, France, Italy, and Spain will kick in 77.3% of the 700 billion euro fund. Spain and Italy will contribute about 30% or 209 bn euros, more than Germany's 190 bn euros.

Wait, wait. Aren't Spain and Italy the countries who are so broke they can't sell their own debt without paying rates north of 6%? Right, but they will pitch in to beef up the fund that will bail them out.

What am I, a natural born fool from Tennessee, missing in this wondrous scheme of deep minds? Why, this sound to me like that famous Magic Tub that yankee peddlers used to try to sell in East Tennessee. They said all you had to do was climb in that tub, grab the handles, and pull yourself right up to the sky!

They didn't sell many of those tubs, and I ain't buying this ESM tub. When somebody tries to sell nonsense like this, it offers a measure of their contempt for the public. Fellow mushrooms, they believe we don't know "sic 'em" from "come here."

Bogus Ben surprised some by announcing he will buy up to $40 bn in mortgage backed securities (MBS) monthly until further notice, and until the unemployment figures make him feel warm and fuzzy. MBSs, y'all will no doubt recall, are the rotten securities that US banks are stuffed plumb full of.

Bottom line: both the ECB and the Fed have demonstrated beyond doubt or cavil that THEY WILL INFLATE. They will meet every crisis by INFLATING. They understand nothing, they learn nothing, they will INFLATE.

And since their inflation drives monetary demand for silver and gold, Bogus Ben and Super Mario are the best friends silver and gold have!

How much will inflation help? Well, just the SNIFF of coming inflation since 17 August has boosted silver from 2799.5 cents to 3471.6c (+24%) and gold from $1,616.30 to $1,769.10 (+9.4%) on 13 September.

Enough of this fun. Throw down that central banker stick and get to work. A picture is worth 1,000 words, so I'll give y'all below links to several charts and summarize what they show, and what's happened in the last week.

US DOLLAR INDEX, see http://tinyurl.com/9xggxvt From end-2010 the dollar index has been trading in an uptrending channel. Late in 2011 it climbed into the top half of that channel, and rose to 84. Since that July high, the dollar has fallen off a cliff, and in the past few days has fallen through the mid-line. That alone suggests the dollar will plunge all the way to the channel's bottom at 76.

Since central bankers manipulate currency exchange rates, what you see happening to the dollar, euro, and yen is happening because central banks want it. Oddly enough, the present rates leave the US dollar valued at around 77.5 yen and 77 euro/cents. The balance of those numbers suggests the buck may have reached the central bankers' target, but it might also get loose and plunge if panicky investors dump dollars on their own.

Ben the Bogus is trying to square the circle, on one hand promising to keep interest rates low, on the other hand promising to inflate more (whenever a central bank buys assets, it creates money.) Well, Ben, which is it? Cause I mean if'n you pump out that money then them interest rates are gonna rise, and if'n you want them rates low, you can't be buying composted bank assets.

Dollar index today closed 79.018, up 22 basis points

EURO, see http://tinyurl.com/8sydxul Today the euro closed at $1.3104, down 0.17%. The euro has finally broken out of its year long downtrend by climbing above its 200 dma (128.50) and above the downtrend line. Last Friday it gapped up over that line. Going higher, say, $1.3400. ESM will NOT fix this mess.

YEN fell 0.45% today to 127.01c (78.73). See http://tinyurl.com/9j4cs4p Since it topped with a megaphone or jaws of death formation in 2011, the yen has been dropping. After a February-March cascade from 131.52c to 118.93, it has worked its way back up. Yen is now challenging that downtrend line at 130. Chart suggests it will move higher, but how will the export-driven Japanese stand for that? They won't, not for long.

STOCKS, see http://tinyurl.com/8vtxea9 for the Dow Jones Industrial Average. The Dow last week bumped into overhead resistance stretching back to highs earlier this year. It might reach higher still, but the flag formation it broke out of suggests that it will rest awhile before it does that. S&P500 looks about the same. Dow closed today at 13,553.10, down 40.27 (0.30%). S&P500 lost 4.58 (0.31%) and ended at $1,461.19.

This will end in pain for stock owners, and here's why. This performance would make stocks look pretty zippy if you never looked at the Dow in Gold.

Eeeuuuw. That changes things. After a diamond top formation from January through August, the Dow in Gold fell like your standing with your mama-in-law when you show up for Thanksgiving dinner drunk as Cooter Brown. The Dow in Gold has fallen below its 200 DMA, resuming its bearish relation and leaving lots of air beneath it and the ground several miles below.

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, September 14, 2012

The Gold Price Closed $32.10 Higher this Week Closing on the Comex at $1,770.10 Silver Also Up

Gold Price Close Today : 1,770.10
Gold Price Close 7-Sept : 1,738.00
Change : 32.1 or 1.85%

Silver Price Close Today : 34.60
Silver Price Close  7-Sept  : 33.63
Change : 0.97 or 2.88%

Gold Silver Ratio Today : 51.15
Gold Silver Ratio  7-Sept  : 51.68
Change : -0.53 or -1.81%

From 7 September through 16 September Franklin Sanders will be away for a family vacation and won't publish a daily commentary during that time, but will return on 17 September.

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, September 13, 2012

The Gold Price Gained a Huge $38.40 Overnight Closing at $1,769.50 Silver Gained 4.46 Percent Closing at $34.72

Gold Price Close Today : 1,769.50
Change : 38.40 or 2.22%

Silver Price Close Today : 34.72
Change : 1.48 or 4.46%

Gold Silver Ratio Today : 50.97
Change : 1.12 or 2.15%

From 7 September through 16 September Franklin Sanders will be away for a family vacation and won't publish a daily commentary during that time, but will return on 17 September.

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, September 12, 2012

The Silver and Gold Price Dropped to $33.23 and $1,731.10 Respectively

Gold Price Close Today : 1,731.10
Change : -1.20 or -0.07%

Silver Price Close Today : 33.23
Change : -0.28 or -0.82%

Gold Silver Ratio Today : 52.09
Change : 0.39 or 0.76%

From 7 September through 16 September Franklin Sanders will be away for a family vacation and won't publish a daily commentary during that time, but will return on 17 September.

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, September 11, 2012

The Gold Price Rose $3.10 to Close at $1,732.30 Silver Gave Back 6 Cents

Gold Price Close Today : 1,732.30
Change : 3.10 or 0.18%

Silver Price Close Today : 33.57
Change : -0.06 or -0.19%

Gold Silver Ratio Today : 51.50
Change : 0.19 or 0.37%

From 7 September through 16 September Franklin Sanders will be away for a family vacation and won't publish a daily commentary during that time, but will return on 17 September.

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, September 10, 2012

The Gold Price Closed at $1,729.20 Down $8.80 or 0.506 Percent

Gold Price Close Today : 1,729.20
Change : -8.80 or -0.506%

Silver Price Close Today : 33.57
Change : -0.06 or -0.178%

Gold Silver Ratio Today : 51.50
Change : -0.17 or -0.33%

From 7 September through 16 September Franklin Sanders will be away for a family vacation and won't publish a daily commentary during that time, but will return on 17 September.

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, September 07, 2012

The Gold Price Gained $53.40 this Week Closing at $1,738.00

Gold Price Close Today : 1,738.00
Gold Price Close 31-Aug : 1,684.60
Change : 53.40 or 3.05%

Silver Price Close Today : 33.63
Silver Price Close 31-Aug : 31.37
Change : 2.26 or 7.20%

Gold Silver Ratio Today : 51.68
Gold Silver Ratio 31-Aug : 53.701
Change : -2.021 or -3.76%

From 7 September through 16 September Franklin Sanders will be away for a family vacation and won't publish a daily commentary during that time, but will return on 17 September.

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, September 06, 2012

The Gold Price Crossed Above $1,700 Today and is Still Targeting $1,740

Gold Price Close Today : 1702.60
Change : 11.80 or 0.70%

Silver Price Close Today : 32.619
Change : 0.347 or 1.08%

Gold Silver Ratio Today : 52.197
Change : -0.196 or -0.37%

Silver Gold Ratio Today : 0.01916
Change : 0.000072 or 0.37%

Platinum Price Close Today : 1585.40
Change : 10.80 or 0.69%

Palladium Price Close Today : 647.00
Change : 0.85 or 0.13%

S&P 500 : 1,432.12
Change : 1,551.00 or -1304.68%

Dow In GOLD$ : $169.12
Change : $ 1.83 or 1.09%

Dow in GOLD oz : 8.181
Change : 0.088 or 1.09%

Dow in SILVER oz : 427.02
Change : 2.99 or 0.70%

Dow Industrial : 13,929.00
Change : 244.52 or 1.79%

US Dollar Index : 81.23
Change : -0.114 or -0.14%

The GOLD PRICE crossed above $1,700 today, rising $11.80 to $1,702.60. I remind y'all, for an object lesson in the potential speed of gold moves, that 14 days ago only gold crossed above $1,600.

Gold standeth now above its 20, 50, 150 (key long term moving average), and 200 DMAs. Gold left the 200 way back there at $1,645.79.

The GOLD PRICE is still targeting $1,740 for this move. Watch for a reaction after that when you can buy, buy, buy. Bottom of that first correction after a market begins moving up is the safest place to buy always. Not always the most profitable, but the safest.

The SILVER PRICE skipped 34.7 cents to end at 3261.9c. High came at 3298c as silver challenged the next milestone, 3300c.

Day by day the GOLD/SILVER RATIO keeps on dropping. as silver outperforms gold. It has dropped from the summer highs (and highs for the move) at 59+ to 52.197 today, and left two gaps down along the way. 200 DMA now stands at 54.34. Doesn't have much more downside in it before a reaction will start that will take it at least to 54. If you have not yet swapped gold for silver, that will be your last change. This move will target something below 30:1.

What would y'all think of a doctor who visited your house (y'all can tell this is a fairy tale already, can't you?) when your child had a temperature of 101º F. and recommended you pack the child in ice to lower that temp down to 89º F. ? That way, he says, "he won't be sick any longer."

Y'all all know that lowering a sick person's temperature way below what's normal does NOT constitute a cure. Yet Central Banking Criminal Dr. Draghi announces that he, like Dr. Ben Bernanke, will cure the sick patient by holding down his temperature. This is what it means to suppress interest rates in a sick economy: it only makes the patient sicker, and might even kill him.

It's worse than that. The European Stability Mechanism, the garbage can into which all the rotten bonds will be cast, will directly buy the bonds from countries in trouble, like Spain, Italy, and Greece. Now I'm just a natural born fool from Tennessee so subtleties are lost on me. Maybe y'all can explain to me exactly how this differs from outright monetizing government debt? This is what the German constitution forbids, remembering the Weimar hyperinflation when the Central Bank directly monetized government debt. This is the issue the German Constitutional court addresses on 12 September, but shucks! Constitutions don't mean nothing nowadays. When politics demand, judges yield, and so does law.

And remember, when Draghi says, "The euro is irreversible," you are hearing the feckless Pop-Pop! of the Blarney Cannon. Nothing in this sublunary world of mutability is irreversible. Nothing. Only rule here is, "Everything changes, all the time."

Once again today we saw the wisdom of the proverb, "Buy the rumor, sell the news." Draghi's Big announcement caused nothing more than a little mouse burp in the market. US dollar index fell 19.1 basis points (0.25%), but fell not through rugged resistance at 81.00. Japanese Nice Government Men took this opportunity to trash the Yen. It fell 0.62%, through its 20 and 50 day moving averages to 126.77c (y78.88). Euro rose only 0.25%, not much of a move and pretty wobbly on the chart. Barely poked its head through $1.2600 resistance to close at $1.2635.

My, O, My! Lots o' joy in Stockville today! After all, lots more inflation will help the economy -- won't it? Yes, sweetheart, just shortly after hell freezes over solid.

Dow gained 244.52 (1.87%) to close at 13,292, just below the August intraday high at 13,330.76 and the May high at 13,338.66. S&P500 actually exceeded its August and may high. It gained 15.51 (2.04%) to 1,432.12.

Don't sell the farm to buy stocks just yet. When measured in gold, today's stocks closes are 7.5% below this years highs. Stocks will NOT outperform gold any time soon.

My thanks to all you readers from Canada, Australia, New Zealand, Saudi Arabia, Thailand, and the US who have ordered my new book, At Home in Dogwood Mudhole. I deeply appreciate your confidence.

Now some of y'all are still sitting on the fence. I'll tell you what. If the chapters "Pig Persuader" and "No Green Acres" don't make you laugh out loud at least once, or gasp in frightened horror when the horses run away with Justin and Zach, stowed away on the back of the wagon, learns to pray, I will refund your purchase price. I have not made up one single incident in Volume I (or II or II, for that matter). It's all true, it all happened right here in Tennessee on the Top of the World Farm.

Here's the deal: you can make a pre-publication order at http://bit.ly/ahidm-vol1 and save the $5 shipping AND get an autographed copy. At Home in Dogwood Mudhole is 400 pages with maps and pictures, and it's more fun that you've had in a long, long time.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com
1-888-218-9226
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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.