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Friday, November 30, 2012

The Silver and Gold Price Have Begun Their Next Leg Up I'm Still Buying Silver and Gold

Gold Price Close Today : 1,710.90
Gold Price Close 23-Nov : 1,751.40
Change : -40.50 or -2.3%

Silver Price Close Today : 3320.4
Silver Price Close 23-Nov : 3411.6
Change : -91.20 or -2.7%

Gold Silver Ratio Today : 51.527
Gold Silver Ratio 23-Nov : 51.337
Change : 0.19 or 0.4%

Silver Gold Ratio : 0.01941
Silver Gold Ratio 23-Nov : 0.01948
Change : -0.00007 or -0.4%

Dow in Gold Dollars : $ 157.38
Dow in Gold Dollars 23-Nov : $ 153.55
Change : $ 3.83 or 2.5%

Dow in Gold Ounces : 7.613
Dow in Gold Ounces 23-Nov : 7.428
Change : 0.19 or 2.5%

Dow in Silver Ounces : 392.29
Dow in Silver Ounces 23-Nov : 381.34
Change : 10.95 or 2.9%

Dow Industrial : 13,025.58
Dow Industrial 23-Nov : 13,009.68
Change : 15.90 or 0.1%

S&P 500 : 1,416.18
S&P 500 23-Nov : 1,409.15
Change : 7.03 or 0.5%

US Dollar Index : 80.232
US Dollar Index 23-Nov : 80.267
Change : -0.035 or 0.0%

Platinum Price Close Today : 1,603.10
Platinum Price Close 23-Nov : 1,615.10
Change : -12.00 or -0.7%

Palladium Price Close Today : 686.25
Palladium Price Close 23-Nov : 667.60
Change : 18.65 or 2.8%

'Twas a hard week for the silver and GOLD PRICE, I'll explain why not as hard as it may seem.

Silver and gold hardly ever ever decline into the year end. Also in the longer term charts: No damage has been done. Rather, the metals have merely touched back to support: support that has held so far.

What of today? Silver lost 114.4c to 3320.4c while the GOLD PRICE lost $16.30 to close Comex at $1,710.9. This painted a pretty tape, but in the aftermarket gold was trading at $1,714.01 and silver at 3339c. Not exactly cowering.

Critical support in gold, bear in mind, is $1,705. Low today hit $1,708.68, which was higher than Tuesday's $1,705.20. So gold has posted either double bottom or slightly higher lows.

Coming out of European trading gold was doing just fine, thanks, betwixt $1,727 and $1,731. Lo and Behold, about the time Comex opened in New York, somebody started selling, taking gold down to $1,720 by 8:30. Another bout of selling hit just before 11, gapping gold down from $1,724 to $1,719. Declined into $1,708.68 about 2:30, and rose after the close.

Today's decline merely took gold for another kiss on the neckline of that inverted head and shoulders, although it did pull it back beneath the 20 DMA ($1,722.76).

The bounds are clear: gold must not break $1,705.50. Otherwise it drops to $1,665 (200 DMA) or uptrend line from the June low (now about $1,640, but rising). Overhead gold must -- must clear $1,755, the last high. This needs to happen soon. Next week.

The SILVER PRICE five day chart doesn't look at all like gold's. Where gold shows a push off a cliff, silver's shows a V-bottom on Wednesday, with a sharp recovery yesterday and fall today to a HIGHER low than Wednesdays (3318c against 3291c).

One day chart shows silver cruising along fine above 3400c until about 9:45 NY time, when it gapped down to 3380c, hovered, then gapped down again to 3340c. Final erosion by 1:15 had dragged silver down to 3318c and the low. In the aftermarket it climbed to 3340c.

No problem at all appears on the 4 month SILVER chart. It began an uptrend off the 2 November low at 3066c, and if you draw a line under the lows, today's low stopped short of that uptrend line. Whoops, it also stopped shy of the 50 day moving average (3315c). Shows a market correcting, but refusing to break down.

What are the bounds? Silver must not close below that uptrend line, call it the same level as the 50 DMA (3315c), period. Should it breach that mark, could fall to the rising trendline form June's low and hit that about 3025c today.

The difference between a fool and a brave man charging into a cannon's mouth is whether he comes out alive. This is a risk I would take. Silver and gold have begun their next leg up, the correction lies in the past, seasonality is pushing them higher.

I'm still buying silver and gold, and more whenever they become cheaper. Let the croakers croak, let the squawkers squawk, let the whiners whine. They were all doing that same thing when gold was $252 and silver $4.01. Veritas filia temporis.

Stocks didn't prosper this week, closing a bare few points higher this week than last. Only palladium managed to rise. Biggest surprise was the US dollar, which, contrary to all expectation, justice, and gravity did not flow down the sewer this week.

First, the currencies. The ugly dollar index traced out a head and shoulders top this week with a neckline at 80.05. What meaneth this? That the dollar index is highly unlikely to rise above 80.30, the top of the shoulders, and virtually assured to drop below 80.05. Of course, when the Nice Government Men are in the market pushing things this way and that for their own inscrutable but invariably nefarious ends, it may take a while for that technical bent to work itself out, but it will at last.

Euro is poking at the downtrend line and overhead resistance, but keeps proving incapable of any meaty advance. Will probably jump one day next week, but I doubt that will last. Rose 0.08% today to $1.2988.

After a five day rise the yen fainted again today, gapping down for a new low for the move at $121.26c/Y100, down 0.44%. I very much doubt the NGM around the world will stand by idle while the Japanese hone their competitive advantage by depreciating their currency below 118c/Y100. That's what I love to watch: the Midianites and Amalekites start fighting each other.

US$1=Y82.47=E0.7699+.030117 oz Ag=0.000584 oz Au.

I don't talk much about manipulation in silver and gold, because it doesn't take much talent or imagination merely to blame everything on the secret manipulators. Oh, yes, they manipulate the markets, but with that same success that attends all government efforts, keeping the gold price down from $252 in 2001 to $1,710.90 today and silver from $4.01 to $33.204 today. Yet they do manipulate them over the short term, and try to hit them at critical junctures, as when Gold is fixing to break over $1,800 and silver over $37.50. What success attends their wretched frauds, I have already pointed out.

Stocks rose for the week, but have not yet made good their escape from beneath the drowntrend line. Dow added 3.76 today to 13,025.58 and S&P500 added 0.23 to 0.03%. Stocks will rally into year end, a bootless exercise.

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, November 29, 2012

The Gold Price Gained $10.70 a Very Big and Long Rally is Just Starting Buy Now

Gold Price Close Today : 1727.20
Change : 10.70 or 0.62%

Silver Price Close Today : 34.348
Change : 0.664 or 1.97%

Gold Silver Ratio Today : 50.285
Change : -0.674 or -1.32%

Silver Gold Ratio Today : 0.01989
Change : 0.000263 or 1.34%

Platinum Price Close Today : 1618.00
Change : 7.90 or 0.49%

Palladium Price Close Today : 685.20
Change : 12.05 or 1.79%

S&P 500 : 1,415.95
Change : 6.02 or 0.43%

Dow In GOLD$ : $155.85
Change : $ (0.51) or -0.33%

Dow in GOLD oz : 7.539
Change : -0.025 or -0.33%

Dow in SILVER oz : 379.11
Change : -6.38 or -1.66%

Dow Industrial : 13,021.83
Change : 36.71 or 0.28%

US Dollar Index : 809.20
Change : -0.094 or -0.01%

The GOLD PRICE gained $10.70 to $1,727.20 (up 0.62%), nor did silver lag behind, up 66.4 cents to 3434.8c, a 1.97% gain.

Solid action, controverting, gainsaying, and nailing the lid on any downside outcome.

The GOLD PRICE needed to climb over $1,720 - $1,725 resistance. Good enough, well done, but still must wipe away yesterday's shame by closing above $1,740 -- reasonable chance of accomplishing that in the sunny morning.

On a four month chart Gold has validated the imperishable (Oh, I hope I don't have to eat THAT word) strength and solidity of that neckline support around $1,705. It leapt up today, vaulting over the 20 DMA (1,722.93) with ease.

In the teeth of yesterday's fright, the market has spoken, and it said, "No further!"

The SILVER PRICE fall yesterday pictures a classic spike bottom Today it began rising at the New York open, and by 9:30 gapped up, then gapped again, from 3390c to 3425c. Made one little dip to 3395 late in the day, unless that is some artifact on my chart, then snapped right back.

Four month chart tells an even stronger tale, with silver posting its highest interday price since October 11, 3449c. The SILVER PRICE stands way above all its moving averages (50 = 3318, 200 = 3098, 20 = 3277, 300=3127). Little to say here outside, "Next stop, 3550c!"

Of course, I could be wrong, being nothin' more than a natural born fool from Tennessee. But y'all know, now, that sometimes in the play the fool turns out to be the wisest person around? Think about King Lear. But shucks! We don't have no kings in Tennessee, only fools.

Buy silver and gold. A very big and long running rally is just now starting. Buy.

Sometimes I feel like the only sane person in the whole durned lunatic asylum. Silver and gold came right back today while Republicans and Democrats dashed hopes of dodging the fiscal cliff by sniping at each other. The corruption, self-centeredness, and self-serving waffling from business, finance, and government are all undermining all loyalty and confidence from the core supporters of US society, namely, the middle class. I sweat bullets and weep thinking about what sort of hideous false prophet they are paving a road for, loudly and repetitively spouting his nostrums so that the weak, weary, and distrusting flock to him -- not because he has solutions indeed, but because he consistently preaches the same line, like Hitler, Lenin, Stalin, Roosevelt, Mussolini, Peron. Their solutions never worked, they just kept on repeating them so long that folks believed they might, and because they were so desperate to hear ANYBODY with a plan.

Having hacked up that bone from my throat, I'll look at markets now.

The scabby, ragged US dollar turned down again today, having spent all it could beg on yesterday's drunk. It quickly sank again to the gutter bottom just above 80 at 80.021. Last four days have left behind a head and shoulders top with a neckline bare basis points above 80.

Eight month chart hovers just above catastrophe. Words like "seismic event" and "Krakatoa" come to mind. 50 DMA stands at 80.08, and just a few basis points under that some long term support. Once the dollar falls though that all those gamblers who had been shorting the euro until the NGM shooed them off will rush to short the dollar. Won't be pretty. RSI and MACD chant together in a Russian bass "Down down down DOWN!"

Euro rose a scootch today, up 0.15% to $1.2978. Trying to peek through the downtrend line and stands barely above its clustered moving averages. Likely to run to $1.3150 at least, maybe higher. Will stink just as foully at $1.3150 as it does here, no, worse.

Yen ended down 0.04% at 121.80 cents/Y100. I imagine some sort of understanding exists among the gentlemen central bankers that the 120 - 118 number is about as low as the yen will be allowed to fall.

US$1=Y82.10=E0.7705=0.029114 oz Ag=0.000579 oz Au.

Stocks beat the 13,000 resistance today, and so will run a little higher. Dow gained 36.71 (0.28%) to 13,021.83. S&P500 added 6.02 to 1,415.95 (up 0.43%).

Gain today was more than revealed by a 36.71 point skip. Stocks broke through the downtrend line left by their October - end-November fall, plus crossing above their 20 DMA (12,890) and 200 DMA (12,995). That sets the Dow up for a test of the 50 DMA (13,209) and resistance at 13,300.

Investors are all besotted with hopeful economic news, but just like a drunk in a bind, any old alcohol will do, it doesn't have to be single malt Scotch. Thus the on again, off again fiscal cliffs talk thrills them, or if that fails, housing climbing some meaningless fraction of a point. If it wasn't that, it's be stray dogs.

Maybe I am just a sourpuss. Maybe, or maybe I see that fundamental purging and repairs to the economy have not even been attempted. Just the opposite, the flood of money has prevented them. Yet the answer out of the Potomac swamp will be the same: another wave of liquidity. Print until we die, and after us, the flood!

Can't be fixed.

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, November 28, 2012

The Gold Price May Close Lower Tomorrow but Huge Buying Interest Lurks Around $1,705

Gold Price Close Today : 1716.50
Change : -25.80 or -1.48%

Silver Price Close Today : 33.684
Change : -0.297 or -0.87%

Gold Silver Ratio Today : 50.959
Change : -0.314 or -0.61%

Silver Gold Ratio Today : 0.01962
Change : 0.000120 or 0.62%

Platinum Price Close Today : 1610.10
Change : -7.90 or -0.49%

Palladium Price Close Today : 673.15
Change : -4.95 or -0.73%

S&P 500 : 1,409.93
Change : 10.99 or 0.79%

Dow In GOLD$ : $156.38
Change : $ 3.60 or 2.36%

Dow in GOLD oz : 7.565
Change : 0.174 or 2.36%

Dow in SILVER oz : 385.50
Change : 6.52 or 1.72%

Dow Industrial : 12,985.11
Change : 106.98 or 0.83%

US Dollar Index : 80.26
Change : -0.093 or -0.12%

The GOLD PRICE got hit over the head with a baseball bat just about exactly when the New York market opened this morning, plunging in seconds from $1,735 to $1,705.88 by 9:30. Then it began to climb, reached as high as $1,722, and traded the rest of the day above $1,715. Closed down $25.80 at $1,716.50.

Filter out the noise. On the 4 month chart the GOLD PRICE merely fell back to the neckline of that upside-down head and shoulders. Yep, it fell through its 50 DMA (1,740.90) and the 20 DMA ($1,722.51).

Two outcomes are possible: lower or higher.

If lower, gold will breach $1,705 tomorrow and trade toward $1,670. If this marks gold finishing the correction begun in October, it could fall all the way to $1,640, where the rising uptrend line from the June low awaits.

If higher, then gold may piddle tomorrow, perhaps climb above $1,720, licking today's wounds. Any close above $1,726 points it upward, but this shame will only be fully removed by a close above that $1,740.90 fifty-day moving average.

The market will tell you which route it prefers tomorrow.

Same forces that attacked gold today as the market opened assaulted the SILVER PRICE as well, driving it from 3380c to 3291 by 9:30 a.m. Yet silver came back sharply and reached 3365 by 12:45, then traded sideways above 3360c the rest of the day. Silver lost 29.7 cents to close Comex at 3368.4c, down only 0.87% to gold's 1.48% loss. Ratio showed silver's relative strength by closing at 50.959, down from yesterday by 0.61%.

The SILVER PRICE four month chart looks right different to gold's, mostly because it stands so far above the neckline of that upside-down head and shoulders. Silver did prick its 50 DMA (3319c) but closed way above that.

Once again, two outcomes are possible. If lower, silver will trade through the neckline (now about 3200c) and trade to the uptrend line from the June l02, now about 3025c. Before that comes the 300 DMA (3128c) and the 200 DMA (3098c) either of which might prove to be silver's safety net.

If higher, silver ought to turn tomorrow and not trade below 3290 and closing at least above the 50 DMA (3319c). Best of all would be a close -- soon, if not tomorrow --above the last intraday high at 3428c.

Market is going to tell you tomorrow, and that right early, I suspect. Maybe silver and gold can move lower, but a huge buying interest lurks around $1,705 and 3300c.

Right about the time you think you are pretty smart had have this market thing pert nigh figured out, markets slap you winded to remind you how priceless humility is.

US dollar index lost 9.7 basis points today to 80.252, so that did not occasion the drop in silver and gold. It's flat today, but headed to the bowels of the earth.

Euro rose 0.11% to $1.2958, but merely continues to dance over and around its 50 DMA ($1.2913) and 62 DMA ($1.2879). News out of Europe reported today that EU regulators approved E37 bn (US$47.9bn) for Spanish banks. Top 4 have a credit portfolio equal to 40% of Spain's GDP. EU approved E100 bn last June, but this is the first dose they've released.

Spit in the wind, but the markets suck it up as if it were angels riding to the rescue on chariots of fire.

Yen today rose 0.08% to 121.85c/Y100. Has risen enough to close the gap left behind on its plunge. Can it continue to advance? Like betting on a one-legged rooster at a cockfight.

Believe it or not, stocks rose 106.98 (0.83%) to Dow 12,985.11 and 10.99 (0.79% to S&P500 1,409.93, and they STILL couldn't break through the downtrend line from October. I expect they will, though, and rally further between now and year end, but it's a doomed rally.

As always, the media, seeking some cause, offered the meretricious US budget talks and a rise in housing prices. In fact, stocks plunged until 10:00 a.m., and only then began to rise.

Do yourself a favor and stay away from stocks.

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, November 27, 2012

The Silver and Gold Price are Still Offering a Rare Opportunity to Buy at Low Risk

Gold Price Close Today : 1742.30
Change : -7.30 or -0.42%

Silver Price Close Today : 33.98
Change : -0.16  or 0.46%

Gold Silver Ratio Today : 51.27
Change : 0.02 or 0.04%

The silver & GOLD PRICE spent another day digesting Friday's gains. Gold backed off $7.30 to $1,742.30 and silver gave back 15.6 cents to 3398.1c.

Filter out the noise: for the GOLD PRICE that amounted to nothing more than touching back to the 50 DMA ($1,741.96). Low at $1,739.86 handily defended that $1,740 support. For the SILVER PRICE, it was merely a touchback to support, with a low at 3389c.

Here's a Tennessee fool's guess: next little move will be stout, probably taping on 3550c for silver & $1,800 for gold. But what do I know? I spend all my nights huntin' possum & days sitting on the front porch. Won't be able to do that much longer. Armadillos are replacing the possums, & not even a buzzard will eat an armadillo & a dog won't track one.

Back to the point: today made no change to the technical outlook for the SILVER & GOLD PRICE. Gold needs to remain above $1,738 and silver above 3389c. And of course, they ought to keep steadily advancing.

I still believe this breakout offers a rare opportunity to buy silver & gold at low risk.

Watching markets is liable to make you feel bi-polar: one day king, next day pauper. That's why it's so important to filter the noise out of the symphony playing underneath.

Today the scrofulous US dollar index rose 21.8 basis points (0.28%) to 80.346. Filter out the noise, & you'll see it doesn't amount to a hill of beans.

Dollar index bounced today after careening through its 200 (80.76) and 20 (80.67) day moving averages on Friday. It hit the 50 DMA, 80.03, & today bounced. Even a flat basketball will bounce a little, but that ain't buoyancy.

The theme playing beneath this began 7 days ago when the Dollar hit 81.46, then failed, and hath failed ever since. Can't repair that. Headed for 78.60 & lower. Oh, the Nice Government Men may slow it down, even engineer a tiny rally-ette or two to shake off, confuse, and demoralize the short sellers, but down it will go, or axheads start floating.

A reader in the UK asked me about the British Pound, but I am loath to deliver such bad news: y'all a pretty much sunk. I don't keep up with British economic statistics, but what I read puts your situation somewhat lower than Europe's & somewhat higher than Japan's. Don't brag, the zloty's status is higher than Japan's, too.

Looking at a two year four month chart plainly shows the Nice Government men managing the pound sterling in a range from $1.63 on the top to $1.525 on the bottom. Yes, it poked its head above that line in 2011, only to be soundly slapped back. In October it (nearly) hit $1.63 again, but has since dived for the ocean depths to close today at $1.6026.

The pound has formed an even sided triangle, & once it punctures that bottom boundary, today about $1.59, it will sink toward $1,53 again. Nothing encouraging in that chart. If I were y'all in the UK, I'd be swapping paper pounds for silver & gold so fast the onlookers would think I was a threshing mill about to blow up.

Of course, I would be doing the same with yen, euros, or US dollars, so don't take it personal, you folks in Great Britain. They're doing it to all of us.

By the way, silver & gold look ready to turn up strongly against the pound sterling.

Yen closed at 121.78 cents/Y100, like a barbell dropped off the Queen Mary looking for the bottom. Euro fell 0.35% to $1.2945. Might be headed higher against the US dollar, but not confirmed yet.

US$1=Y82.12=E0.7725=0.029428 oz Au = 0.000574 oz Au.

Stocks worked hard at disappointing their partisans again today,. Dow lost 89.24 (0.69%) to 12,878.13. S&P500 followed right along, losing 7,.35 (0.52%) to 1,398.94.

No wonder, as stocks have run plumb up against the steep downtrend line their fall since early October hath drawn. They also bumped their noggin against the 200 DMA (12,993.03). Even if they punch through, they will hit strong resistance 13,300.

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, November 26, 2012

The Gold Price Has a Clear Track to Rise for Months Can it reach $2,700 by Spring 2013?

Gold Price Close Today : 1749.60
Change : -1.80 or -0.10%

Silver Price Close Today : 34.137
Change : 0.021 or 0.06%

Gold Silver Ratio Today : 51.252
Change : -0.084 or -0.16%

Silver Gold Ratio Today : 0.01951
Change : 0.000032 or 0.16%

Platinum Price Close Today : 1622.00
Change : 10.90 or 0.68%

Palladium Price Close Today : 661.20
Change : 12.95 or 2.00%

S&P 500 : 1,406.29
Change : -2.86 or -0.20%

Dow In GOLD$ : $153.28
Change : $ -0.33 or -0.21%

Dow in GOLD oz : 7.415
Change : -0.016 or -0.21%

Dow in SILVER oz : 380.04
Change : -1.47 or -0.39%

Dow Industrial : 12,973.37
Change : -42.31 or -0.33%

US Dollar Index : 80.19
Change : -0.076 or -0.09%

The GOLD PRICE leapt $23.50, clean over all that $1740 resistance to $1,751.40. Silver jumped 77.2 cents on Friday to close over 3400c at 3411.6c.

Today both metals were digesting those gains. The GOLD PRICE backed off $1.80, nothing at all, to $1,749.60 and silver gained 2.1 cents to 3413.7c.

Just how good was Friday's leap? Plumb delicious. The SILVER PRICE cleared its 50 day moving average (3321c) and now standeth above its 200, 300, 20, and 50 DMAs in that order. Only thing standing between silver and eternal fame is now 3550, and it will slice through that like Jim Bowie slicing ripe peaches.

That gold looks just about as fine as silver. Punched through that 50 DMA ($1,742.39) on Friday, and also stands above its 150, 200, 20, and 50 DMAs now. And look at the RSI and MACD! Just like silver, gold has a clear track in front of it and can rise for another couple of months before it begins to look overbought.

Now, before y'all back up to that boot tree and start kicking yourselves, let me tell you that right here at a breakout is the time to buy. This rise will run into next spring and gold will reach $2,300 - $2,700. If the ratio drops to 30:1 by then, silver could stand at 9000c (that's $90 to y'all who can't cipher so quick). Buy it now.

Key to all this was the US dollar index' collapse on Friday. Lost 67.4 basis points (0.83%) to 80.267. Trading today at 80.191.

So what? Since December 2011 the US dollar index has been forming a giant Head and Shoulders top. Left shoulder peaked at 81.78 in January, came back to a 78.10 - 78.60 neckline, rose to an 84.10 head in July, fell back to 78.60 neckline in September, then last week topped that Right Shoulder at 81.46.

Although it has not yet broken down through the neckline (now about 78.60) it has plunged through the 200 DMA (80.75) and the 20 DMA (80.66). Looks sick as a hog eating tomatoes. Won't last long at these altitudes. Destined for lower ground.

Meanwhile the Euro is making hay. Crossed above the 50 DMA ($1.2917) on Friday, and closed today at $1.2970, a skootch under unchanged. I'll be mildly interested to see if it can break through the downtrend line about $1.3050, but not interested enough to buy the nasty thing. Makes no difference which of these scabby fiat currencies you look at, yen, dollar, or euro, all are destined for doom, and, we hope, history's dustbin. Swap fiat for silver or gold.

Yen, by the by, has been talked down 4% or more in the last two weeks by politicians. Bank of Japan needed take no action, just let the politicos run their mouths and they've driven the yen from 126.43 cents in mid-November to 121.93 today. Hard as it is either to imagine or to swallow, the Japanese economy is even more indebted and in worse shape than the US. When Humpty Shirakawa falls off that wall, he will splatter egg yolk all over east Asia.

Stock investors and brokers are critters of habit. They heard stocks usually rise this time of year, and will bite on a rumor like that every time. On Friday the Dow rose 172.79 to close at 13,009.68. S&P500 added 18.13 (both rose 1.3%) to 1,409.15. Both backed off today, Dow by 42.31 to 12,967.37 and the S&P500 by 2.86 to 1,406.29.

Any of y'all ever heard of the Tulip Bubble? This works a lot the same way.

Don’t ne'er a one of y'all point a finger at me and say I didn't warn y'all, 'cause I did. I kept telling y'all silver and gold had bottomed and y'all ought to buy. The only thing worse than somebody who doesn't listen is somebody who keeps saying, "I told you so!"

Yeah, I know: I'm crazy. People been telling me that for years, some of 'em official NGM. But I'm not making this up. If you want to spend a couple of weeks slaving over a hot chart, you'll come to the same conclusions.

But mercy! I'm nothing more than a natural born fool from Tennessee. Don't listen to me.

I have to ask you birdwatchers something. Any of y'all ever seen a FLOCK of red-headed woodpeckers? Driving down the road Saturday I saw more than a dozen of 'em chasing and playing with each other, then today about as many showed up in my front yard, having a field day on the branches. Any idea what motivated them, other than having a good time and jubilating with each other?

SPECIAL OFFER: DUTCH GOLD

One of the most commonly traded gold coins in the world (thanks to their empire) is the Netherlands Ten Guilder containing 0.1947 troy ounce fine gold. These are all minted before 1934.

These small coins usually cost 6% to 8% or more over their gold content. I bought a batch of them right and can sell these at about the same price as the big Mexican fifty pesos.

Prices are based on gold spot at $1,749.60 and silver spot at $34.137. All lots are sold subject to the special conditions below, no exceptions. I have only 29 lots.

ONE LOT consists of Ten (10) each Netherlands ten guilders at a 4% premium over their gold content or $354.25 each. So the total cost of one lot will be 10 x $354.25 = $3,542.50 plus $25 shipping = $3,567.50.

Limit four lots per customer, please.

Special Conditions:

If I have miscounted my inventory and come up short, the LAST person to order will receive fewer coins, at a price reduced to reflect the smaller quantity.

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). ORDERING INSTRUCTIONS:

1. You may order by e-mail only to offers@the-moneychanger.com. No phone orders, please. Please do NOT order by replying to this email, because it will delay your email.

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.



Friday, November 23, 2012

The Gold Price Rose $37.10 this Week Closing at $1,751.40 Silver Up at $34.12

Gold Price Close Today : 1,751.40
Gold Price Close 16-Nov : 1,714.30
Change : 37.10 or 2.16%

Silver Price Close Today : 34.12
Silver Price Close 16-Nov : 32.36
Change : 1.76 or 5.44%

Gold Silver Ratio Today : 51.34
Gold Silver Ratio 16-Nov : 52.97
Change : -1.63 or -3.08%

Franklin didn't publish commentary today, if he publishes later it will be posted here.

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, November 22, 2012

The Gold Price Closed at $1,728.20 Silver Closed at $33.35 an Ounce

Gold Price Close Today : 1728.20
Change : 0.00 or 0.00%

Silver Price Close Today : 33.35
Change : 0.00  or 0.00%

Gold Silver Ratio Today : 51.820
Change : 0.00 or 0.00%

Franklin didn't publish commentary today, if he publishes later it will be posted here.

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, November 21, 2012

The Gold Price Has Begun it's next Huge Rally Stop Waiting and Buy Now

Gold Price Close Today : 1727.90
Change : 4.70 or 0.27%

Silver Price Close Today : 33.344
Change : 0.421 or 1.28%

Gold Silver Ratio Today : 51.820
Change : -0.520 or -0.99%

Silver Gold Ratio Today : 0.01930
Change : 0.000192 or 1.00%

Platinum Price Close Today : 1581.40
Change : 10.90 or 0.69%

Palladium Price Close Today : 650.70
Change : 12.95 or 2.03%

S&P 500 : 1,391.03
Change : 3.22 or 0.23%

Dow In GOLD$ : $153.57
Change : $ 0.18 or 0.12%

Dow in GOLD oz : 7.429
Change : 0.009 or 0.12%

Dow in SILVER oz : 384.98
Change : -3.45 or -0.89%

Dow Industrial : 12,836.89
Change : 48.38 or 0.38%

US Dollar Index : 80.94
Change : 0.053 or 0.07%

The Silver and GOLD PRICE proved yet again that they have no intention of dropping further. They bounced off yesterday's lows and closed near today's highs. Gold closed $1.727.90, up 4.70, after a $1,731.46 high and $1,721.68 low. Silver gained 42.1 cents to 3334.4c. High was 3338c and low 3286c. Mark that the ratio dropped to 51.820 today from 52.340 yesterday. I remind y'all that a FALLING gold silver ratio accompanies a RISING gold and silver market.

The GOLD PRICE and SILVER PRICE have begun their next huge rally. Buy now, stop waiting. Much higher prices loom.

I wasn't going to write a commentary today, but my son said so many people called about my complaint yesterday about the US Post Office changing the rules on insured packages, I'd better explain further.

They are no longer paying claims for bullion or currency shipped by "Insured Mail." This is not the same as "Registered Mail With Postal Insurance." Registered mail must be signed for every time it changes hands, so very, very rarely goes lost. "Insured Mail," on the other hand, might as well have a label that says, "Steal me, you can get away with it."

The US Post Office has NOT stopped insuring gold or silver shipped by "Registered Mail with Postal Insurance." My wife Susan specifically asked that question.

Only real solution is to get private insurance and use UPS or Fed-Ex.

Today the US dollar index firmed up 4.6 basis points to 80.941. Big news was the yen, which gapped down again, ending the day down 1% at 121.16 cents to Y100. Euro moved sideways to $1.2827, up 0.08%.

Currencies: US$1=Y82.54=E0.7796=0.029990 oz silver= 0.000579 oz gold.

Stocks did nothing dramatic today, edged up as traders flattened position before the long weekend.

May God bless all of you this Thanksgiving with grateful hearts.

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, November 20, 2012

The Gold Price Lost $10.80 Today Support for Gold and Silver Remains Intact and Unchallenged

Gold Price Close Today : 1723.20
Change : -10.80 or -0.62%

Silver Price Close Today : 32.923
Change : -0.258 or -0.78%

Gold Silver Ratio Today : 52.340
Change : 0.081 or 0.16%

Silver Gold Ratio Today : 0.01911
Change : -0.000030 or -0.16%

Platinum Price Close Today : 1570.50
Change : -10.50 or -0.66%

Palladium Price Close Today : 637.75
Change : -6.85 or -1.06%

S&P 500 : 1,387.81
Change : 0.92 or 0.07%

Dow In GOLD$ : $153.41
Change : $ 0.88 or 0.58%

Dow in GOLD oz : 7.421
Change : 0.043 or 0.58%

Dow in SILVER oz : 388.44
Change : 2.80 or 0.72%

Dow Industrial : 12,788.51
Change : -7.45 or -0.06%

US Dollar Index : 80.89
Change : 0.038 or 0.05%

The silver and GOLD PRICE backed off a little today, probably because all them pointy-toed shoe wearing New York traders flattened their positions before the long weekend. While the cat's away, the rats come out. A thin market tomorrow and Friday gives the few floor traders present -- and the Nice Government Men at a distance -- room to try to frighten the lily-livered by shaking down the silver and gold markets. Don't matter, that old dog won't hunt.

The GOLD PRICE today lost $10.80 to plump back on the $1,725 - 1,720 support. The SILVER PRICE closed down 23.8 cents at 3292.3c.

Plumb suspicious that in the aftermarket gold is trading $4 higher and silver 23.2 cents higher. Makes a wild-eyed paranoid conspiracy theorist like me wonder if they didn't paint the tape on the close. (Whoops! I wasn't supposed to let that slip out, no more'n I'm supposed to tell the truth about the yankee government.)

None of that matters. Support for gold and silver remains intact, indeed, unchallenged. Gold could drop as low as $1,705 and silver to 3180c before any question would poke up its head. Lows today were $1,722.20 and 3266c.

No whit of my outlook changed today. A monstrous, colossal rally in silver and gold hath begun that will endure two years or more. Buy, and use any decline to buy more.

And if that ain't right, complain to Ben Bernanke.

Here's what I like about doing business with the yankee government: they change the rules on you whenever they like, and are always happy to stab you in the back without shame or apology.

We send out lots of insured packages through the postal monopoly, USPS, nor is this an inexpensive service. They lost a package valued at $1,000, but before our claim was processed, they sua sponte changed the rules: we will no longer pay insured mail claims against silver, gold, or currency. We found out when we got a check for $16.95, which was, you guessed it, the postage on the package. They kept our thousand bucks.

That's another reason I keep on telling y'all that it makes no sense to belong to any partnership with the yankee government, like an IRA. Give ear: Ownership has two parts, Title and Control. In your IRA-government partnership, you have Title (a legal claim) while the yankee government has Control (possession). It's like lunchtime in California when you own Title to a Big Mac, but it's stored in New Jersey.

What will you do when the yankee government changes the rules and says the only thing your IRA can buy is US gummit bonds? They got you, and your money.

Me, if I own a Big Mac, I'm sure gonna take delivery, at the window, soon as I put my money down.

But mercy! What do I know? I'm just a natural born fool from Tennessee where people are so ignerunt and ole-fashioned they still keep their word and even expect other folks to as well. Most of us have a hand-shake stronger and surer than any contract any lawyer living or dead ever devised.

Currencies: US$1 = Y81.69=E0.7802=0.03037 oz silver= 0.00058 oz. gold.

US dollar index vacillated up and down today, but right now is trading 3.5 basis points higher than yesterday, although it's been lower. Just looks like its stubbornly resisting any further decline. Fell yesterday to near the bottom channel boundary, and near the 200 DMA (80.72), but hasn't penetrated them yet.

Yen took another tumble today, down 0.36% to Y122.42, and looks like the Nice Government Men have pushed it off the cliff again.

Euro rallied 0.26%, second day running, to $1.2817. Sitting plumb on the 200 DMA. Might rally further, though WHY will remain a mystery as deep to me as the purpose of ballet.

You won't catch me bad-mouthing stocks today because they were a bit tired and confused. Some indices rose, some fell. Dow lost 7.45 to 12,788.51, while the S&P500 added 0.92 to 1,387.81. Dow must continue to climb or risk judgment that yesterday's rally was a fluke.

Use any rally as a heaven-sent opportunity to sell stock and put the proceeds into silver and gold.

I'm going to be celebrating Thanksgiving by -- oddly enough -- giving hearty thanks and praise to God for blessings greater than I can carry home and more than I can possibly count. Thus I will not be sending y'all a commentary on Wednesday or Friday. God willing, I will return on Monday, 26 November, cantankerous, stubborn, suspicious, narrow-minded, and laughing laughing hard as ever. Y'all enjoy your holiday.

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, November 19, 2012

The Silver and Gold Price Broke Loose Buy Silver and Gold and Wait No More

Gold Price Close Today : 1734.00
Change : 19.70 or 1.15%

Silver Price Close Today : 33.181
Change : 0.820 or 2.53%

Gold Silver Ratio Today : 52.259
Change : -0.715 or -1.35%

Silver Gold Ratio Today : 0.01914
Change : 0.000258 or 1.37%

Platinum Price Close Today : 1581.00
Change : 3.00 or 0.19%

Palladium Price Close Today : 644.60
Change : 4.00 or 0.62%

S&P 500 : 1,386.89
Change : 27.01 or 1.99%

Dow In GOLD$ : $152.55
Change : $ 0.77 or 0.51%

Dow in GOLD oz : 7.379
Change : 0.037 or 0.51%

Dow in SILVER oz : 385.64
Change : -3.35 or -0.86%

Dow Industrial : 12,795.96
Change : 207.85 or 1.65%

US Dollar Index : 80.85
Change : -0.235 or -0.29%

The silver and GOLD PRICE confirmed their intentions loud enough today to be heard in Washington, DC, Brussels, and Tokyo. Gold vaulted $19.70 today, clearing all that resistance between $1,714 and $1,730 in one high jump. Silver smashed 3300c resistance by hopping 82 cents to 3318.1.

About the only further confirmation wanting is gold's close above $1,740, which might come tomorrow.

The GOLD PRICE made a textbook impulsive climb off that Friday low at $1,705.79. Today it never fell lower than $1,720.94, and closed only 75 cents off the $1,734.75 high.

Support now becomes $1,730 (mustn't close below there, maybe $1,725 in a push), and old support/ resistance at $1,740 becomes the next hurdle.

Gold closed today only $9.50 off its 50 day moving average at $1,743.50, and is above its 20 Dma (1,714.57). Momentum indicators show plenty of room to climb. The Tall Hurdle comes at $1,800, where gold twice failed in September and October. This time it will smash through $1,800 like Stonewall Jackson rolling up yankee general Hooker's flank at Chancellorsville.

The SILVER PRICE outran gold today, 2.53% to 1.15%. Silver closed nearly on its high (3320c), and barely shy of its 50 day moving average (3325c). A bigger hurdle than today's lies ahead at 3350c, but once silver clear that it will send the shorts and croakers flying for cover.

Up above silver must overcome those 3544 tops left in September and October, and above that the stronger resistance at 3750c.

Every new rally, like every new life, is a chancy undertaking, but this one is as strong as most you'll ever witness.

They're loose! Buy silver and gold and wait no more.

I've given up trying to make any sense at all out of the news. Their conclusions leap tall reason at a single bound, and come down in a swamp of conjecture.

Today they reported that the US dollar dropped on "hopes that US leaders will reach a budget deal." Let's see: if the government goes over the fiscal cliff then taxes will rise and spending will shrink, which by my feeble Tennessee natural born fool reasoning means the yankee government might take some tee- tiny baby steps toward solvency. On the other hand, this implies the dollar would strengthen on news that the government will spend more and tax less and the Fed will be forced to print more to keep the whole leaky tub floating.

Whoa, wait a minute. This report comes from USA Today, America's Comic Book Newspaper. Never mind. Only a fool would expect those goofs to make sense.

Look at it this way: in the land of the brainless, the man with two brain cells is king.

Fact is, the US dollar index fell 0.3% to 80.85 today. Technically, this changes nothing. Dollar remains in an uptrend, remains above its 200 day moving average (80.71), it only takes it down to the channel's bottom boundary. Close below 80.50 would turn the dollar down.

Momentum indicators (RSI and MACD) do look a mite brown around the edges, but not enough to threaten an immediate reversal.

Dollar weakness helped the yen not at all. Ended unchanged at 122.93 cents/Y100. Clearly the Japanese Nice Government Men have decided to pull the plug on the yen in the vain hope of curing their economic woes. This will work as well as using spit to glue iron plates instead of welding them.

Euro rose 0.56% today to $1.2814, trying to touch its 200 DMA (now 128.21). All the moving averages are converging, so something ought to happen, up or down. People whose judgment I respect seem to expect a higher euro, but I can't picture it. I just mention it to show how uncertain markets are, and that reasonable men can read the same facts and differ. Or maybe I'm biased.

In the end it makes no difference at all, as I would not buy euros with y'all's money, let alone my own. Long term demise of the euro is write too large in the stars and the numbers.

I've been warning y'all that stocks had fallen so far, so persistently, that they must at last rally a little. Thus my heart skipped ne'er a beat when the Dow rallied today 207.85 (1.65%) to 12,795.96. Nor did it palpitate at the S&P500's close 27.01 (1.99%) HIGHER AT 1,386.89. I was neither scairt nor amazed.

Rally ought to carry stocks quickly at least to the 200 DMA (12,992) or a tad higher, where it will also strike the downtrend line. A longer term possible target is the neckline from the January - May head and shoulders left behind, about 13,300. Conceivable, if you have a rubbery imagination, is a rally clean to the upper jaw of death, about 14,000.

'Twill all be for naught, like running pumps on the Titanic. Stocks remain locked in a primary downtrend or bear market, and nothing has happened to change that, and won't for several years.

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, November 16, 2012

I Expect the Gold Price to Rise Briskly into the Year End then Keep Marching Higher

Gold Price Close Today : 1,714.30
Gold Price Close 9-Nov : 1,730.30
Change : -16.00 or -0.9%

Silver Price Close Today : 32.36
Silver Price Close 9-Nov : 32.59
Change : -22.90 or -0.7%

Gold Silver Ratio Today : 52.974
Gold Silver Ratio 9-Nov : 53.093
Change : -0.12 or -0.2%

Silver Gold Ratio : 0.01888
Silver Gold Ratio 9-Nov : 0.01883
Change : 0.00004 or 0.2%

Dow in Gold Dollars : $ 151.80
Dow in Gold Dollars 9-Nov : $ 153.11
Change : $ -1.31 or -0.9%

Dow in Gold Ounces : 7.343
Dow in Gold Ounces 9-Nov : 7.406
Change : -0.06 or -0.9%

Dow in Silver Ounces : 389.00
Dow in Silver Ounces 9-Nov : 393.23
Change : -4.23 or -1.1%

Dow Industrial : 12,588.31
Dow Industrial 9-Nov : 12,815.39
Change : -227.08 or -1.8%

S&P 500 : 1,359.88
S&P 500 9-Nov : 1,379.85
Change : -19.97 or -1.4%

US Dollar Index : 81.194
US Dollar Index 9-Nov : 81.051
Change : 0.143 or 0.2%

Platinum Price Close Today : 1,559.00
Platinum Price Close 9-Nov : 1,554.40
Change : 4.60 or 0.3%

Palladium Price Close Today : 625.75
Palladium Price Close 9-Nov : 610.25
Change : 15.50 or 2.5%


The silver and GOLD PRICE gainsaid each other today, silver down and gold up. Silver dropped 30.4 cents to 3236.1c while gold gained $1.00 to $1,714.30.

Mighty quiet day. The GOLD PRICE ranged a little less than $11 from its $1,705.79 low to its $1,716.30 high, but support at $1,705 again checked its fall and reversed it's course. That left another V-bottom on the chart, and possible firm reversal to the upside next week.

The SILVER PRICE five day chart blows hot and cold out of both sides of its mouth. It's having a political moment.

Silver hit a low Monday and Tuesday around 3210, climbed to a peak on Wednesday at 3290c, then rolled down to another low today at 3207c. That could be a rounding top, or a double bottom reversal.

Until silver violates the neckline of the head and shoulders-ey formation built since 22 October, which now stands about 3170c, it will continue rising. Analogous spot for gold is $1,705, struck today. If I am right about those two upside-down head and shoulders formations, then both silver and gold ought to continue climbing next week.

Right, and what if they don't? What if they break those lines? Then you'd better reckon with a trip back to the last low, $1,672.50 and 3066c, and an even BETTER buying opportunity than you have now.

Unless both metals fall and tumble like Humpty Dumpty, I expect to see them rise briskly into year end, and keep on marching higher through every barrier and way-new highs by spring.

Time to buy, not to quake in your booties.


'Twas a wild ride this week. Silver and gold decided to spend a bit more time building a springboard, platinum and palladium edged up, stocks hit the greased skids, and the US dollar index held on above 81 and even gained some.

The simple recitation of the US dollar index' close at 81.194, up 14.3 basis points doesn't even come close to depicting today's performance. The Dollar index in fact smashed 81.20 resistance today which had bound it all week long. High today was 81.455. The wave up from yesterday's 81.95 low looks impulsive to me, which says that the dollar has embarked on a rally. It may be slower than a kid going for a whipping, but rally it will.

To losses Wednesday and Thursday totalling 2.14% the yen today added another 0.22% loss and closed at 122.77c/Y100. Looking at those two gigantic gaps -- no, tears -- in the chart leaves not much doubt the Japanese Nice Government Men pulled the plug not only by their public pronouncements (everything every politician says about currencies is planned and vetted) but also by covert market sales. Mercy! I have a suspicious nature.

Y'all remember the euro? That scabrous Franken-currency cobbled together to force centralization and control on the European member states? Well it's sicker'n a dog eating strychnined steak. Fell today 0.28% to $1.2743, and the best thing you can say for it is that it hasn't hit $1.2000 again lately. But y'all hang around. More skeletons and half-rotten corpses will fall out of more Euro-closets bringing more bad surprises. Stay away from euros.

Currencies: US$1=Y81.33=E0.7847=0.03090 oz silver = 0.00058 oz gold.

Picture in your mind Iguaçu or Niagara or Victoria Falls, and you'll have a pretty tight grasp on stocks' course the last two weeks. "Collapse" doesn't quite bear the burden of description, but comes nigh. From 13,661 to 12,588.31, almost 8%.

Today, though, stocks enjoyed an up-day. Dow gained 45.93 (0.37%) to 12,588.31. S&P500 gained 6.55 (0.48%) to 1,359.88.

With few exceptions stocks have been falling since early October in a classic impulsive downleg. They crashed through their 20, 50, and then 200 day moving averages, and now the 20, having fallen already below the 50, is fixing to smash through the 200. The phrase, "Dead man walking" comes to mind.

After this much plunging you'd think, "Surely, surely, some little rally must come." You'd look in vain until now. This downleg could have ended yesterday, so the Dow ought to rally, maybe as high as the 200 DMA (12,992).

Down below, well, there's not much support until 12,450. Then comes the last really big low in June at 12,035.

Think with me a moment not about Monday or next week or next month, or even next year. Think rather about the next five or ten years. Picture stocks eroding down in gigantic, long-lived dives, then pitifully seeking to rally for months and months, only to be slapped down again.

That's a bear market, a primary downtrend. That is what you are watching. That is what you will see unfold. That is why I keep telling y'all to SELL stocks and put the proceeds into silver and gold.

But then, y'all all know I'm just a natural born fool from Tennessee living WAAAAY out on the edge of the bell-shaped curve, and it ain't nothing but a coincidence that all the time I've been warning y'all about stocks since 2000 they really have been dangerous. Don't listen to me. Shoot, y'all listen to me and I'm liable to convince you silver gold really are money and that green paper is just a con-game. Where'd y'all be then? Why, un-American!

On this black and ever-to-be-mourned day in 1914 the Federal Reserve system formally opened. It's been sucking the lifeblood out of us ever since.

SPECIAL OFFER: US GOLD and US MORGAN DOLLARS

Pay close attention, because y'all won't see this ever again.

I am cleaning out my inventory and have a few US $20 Liberty gold coins (before 1908), a few pre-1905 Morgan silver dollars, and a very few modern US $10 commemorative golds.

Prices are based on gold spot at $1,714.30 and silver spot at $32.361. All lots are sold subject to the special conditions below, no exceptions.

Lot # 1. Three (3) US $20 gold pieces pre-1908 Liberty type. Although I believe these coins are much better than VG (Very Good) grade, I am selling them at that. Some have a little dirt on them, but I do not clean coins and do not recommend cleaning them. Dirt only shows they are unashamedly genuine. Sold as is, at a six percent premium (6%) over the value of the 0.9675 gold content ($20 golds do NOT contain one ounce of gold). I am not selling these as collector's (numismatic) coins but as bullion coins, as is, no picky-picky. I am selling you exactly what I would buy and hold myself. Next grade up (Extremely Fine) costs $1,845 at wholesale, so these are a ridiculous bargain. One lot is three coins each at $1,758.00 for a total of $5,274.00 + $25 shipping or a grand total of $5,299.00. I have only seven lots, and cannot re-order at these prices.

Lot # 2. I have a few VG or better pre-1905 Morgan silver dollars. Each contains 0.765 troy ounce fine silver. Wholesale on these coins today is $32.50, and I am selling those I have for $34 each. I have only TWO (2) lots of Sixty (60) coins each at $34 for a total of $2,040 plus $25 shipping or a grand total of $2,065.

Lot # 3. I have Twenty-eight (28) more pre-1905 VG or better Morgan silver dollars at $34 each, PLUS Three (3) each modern (after 1980) US $10 gold commemoratives containing 0.48375 troy ounce of gold. I'll sell those at 3.5% over their gold melt value. I have one lot only of 28 ea pre-1905 VG+ Morgan dollars @ $34/ea. PLUS Three (3) each US $10 gold commems at $858.30 for a total of $3,526.90 plus $25 shipping, a grand total of $3,551.90.

Special Conditions:

If I have miscounted my inventory and come up short, the LAST person to order will receive fewer coins, at a price reduced to reflect the smaller quantity.

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). ORDERING INSTRUCTIONS:

1. You may order by e-mail only to offers@the-moneychanger.com. No phone orders, please.

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

Repeat, 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.

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, November 15, 2012

The Gold Price Closed at $1,713.30 and will Remain in the Uptrend Line Provided it Closes Above $1,705

Gold Price Close Today : 1713.30
Change : -16.20 or -0.94%

Silver Price Close Today : 32.665
Change : -0.206 or -0.63%

Gold Silver Ratio Today : 52.451
Change : -0.164 or -0.31%

Silver Gold Ratio Today : 0.01907
Change : 0.000059 or 0.31%

Platinum Price Close Today : 1570.30
Change : -18.30 or -1.15%

Palladium Price Close Today : 630.40
Change : -10.35 or -1.62%

S&P 500 : 1,353.26
Change : -22.30 or -1.62%

Dow In GOLD$ : $151.32
Change : $ 0.96 or 0.64%

Dow in GOLD oz : 7.320
Change : 0.047 or 0.64%

Dow in SILVER oz : 383.95
Change : 1.21 or 0.32%

Dow Industrial : 12,541.62
Change : -39.33 or -0.31%

US Dollar Index : 81.08
Change : -0.041 or -0.05%

The GOLD PRICE low today thoroughly befouled the picture of the last four days, like your muddy puppy walking across a Rembrandt. Low struck on a downspike that gapped from just below $1,720 to $1705.30 in one or two trades. Was that real, or an artifact? At any rate, it took about the same time to jump above $1,712. While today certainly messes up the 5-day picture, it harmeth not the longer view.

LO! In the last two days the GOLD/SILVER RATIO (gold divided by silver) hath fallen from 53.088 to 52.451, a 1.2% fall. Why do I mention that statistical tid-bit? Because it flies against our normal expectation that when silver and gold weaken, the ratio strengthens.

What, then, doth it portend? Underlying silver strength, I'd say. Strengthening that hunch is the wholesale premium on US 90% silver coin today, which rose 5c an ounce from an already high level. Most of the time that premium rise pinpoints silver strengthening for a jump. But what do I know? I just sit here watching the parade pass by.

The SILVER PRICE today slipped 20.6 cents to 3266.5c, down 0.63% while gold dove $16.20 to $1,713.30.

From 22 October the GOLD PRICE sketched support at a line slanting from $1,697 to about $1,710 today. It broke that neckline on 2 November to post a low at $1,672.50, spent two days down there then leapt above the neckline once again: left shoulder formed, head formed, now on to the right shoulder. Today's stumble only took gold back to that support line, now about $1,710, to validate it. Yes, it did close below the 20 DMA (now $1,716.17) but not by much. The upshot? Gold remains reversed into an uptrend as long as it closeth not below $1,705 or so.

SILVER also showed one of those very weird gaps down today, to 3217.7c in one trade, then gapping right back up to trade rest of the day above 3240c. Program trading? Nice Government Men? Wicked Witch of the East? Who cares, the attack failed. It didn't even take silver down to the neckline it has established like unto gold. And silver still stands above its 3208c 20 DMA. Still needs to hold on above 3150c.

So wring out those crying towels and put 'em away. Y'all don't need 'em. 'Twas a down day, but not bringing any meaningful change.

Y'all, if I had an imagination wilder than Stephen King's, I couldn't make up the stuff politicians do or say every day. The stupidity is so deeply ingrained it steals your breath away.

Some Japanese politician of the party set to win December snap elections called for the Bank of Japan to lower interest rates BELOW zero. Put that into context: Since 1990, the BoJ has been holding down interest rates most of the time. Yet the bust from Japan's boom that ended in 1990 endureth yet. It sounds like Ben Bernanke: "It hasn't worked for 22 years, so let's do some more of it, harder!"

Markets showed their admiration by sending the yen down 1.13% to 123.19 cents/Y100. This was the second straight day the yen's lost over 1%, that alone being a massive more for any currency.

Yen chart shows two MASSIVE down-gaps from 125.7c. When those Japanese Nice Government Men throw a party, they REALLY throw a party.

The euro added 0.3% today to $1.2771 on no news and for no reason. It is poking its nose through the overhead downtrend line, reaching toward the 200 and 62 day moving averages (128.25 and 128.27), where it will likely be slapped soundly back.

Meanwhile the US dollar index eased off slightly, by 4.1 basis points, to 81.075 right now. That signifieth little until you understand the low was 80.932 and the dollar still rebounded to close above 81. Monday, Wednesday, and Thursday the Dollar Index made lows about the same spot. At the top are two peaks which might make a double top. Dollar may also be climbing about as high as the US Nice Government Men can stand. Dollar could fall as low as 80.50 and still remain within its uptrend channel. 200 DMA stands at 80.69, all the other MAs are below that.

Currencies today: US$=Y81.18=E0.7831= 0.03061 oz silver = .00058 oz gold.

Stocks faltered in uncertainty as the day began, then sank decisively for the next two hours. They rallied, then sank again, lower than before. Ended the day with the Dow lighter by 29.33 at 12,541.62 (-0.23%) and the S&P500 shaved by 2.23 to 1,353.26 (-0.16%).

Today showed a little bouncy squiggle at 12,500 Dow support, but really the Dow needs to clear 12,750 before even a pointy-toe-shoe- wearing Wall Street tout will believe it has reversed.

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, November 14, 2012

The Gold Price Continues to Move Higher with $1,740 as it's Next Hurdle

Gold Price Close Today : 1729.50
Change : 5.30 or 0.31%

Silver Price Close Today : 32.871
Change : 0.393 or 1.21%

Gold Silver Ratio Today : 52.615
Change : -0.473 or -0.89%

Silver Gold Ratio Today : 0.01901
Change : 0.000170 or 0.90%

Platinum Price Close Today : 1588.60
Change : 5.20 or 0.33%

Palladium Price Close Today : 640.75
Change : 4.95 or 0.78%

S&P 500 : 1,355.49
Change : 19.04 or 1.42%

Dow In GOLD$ : $150.25
Change : $ 21.80 or 16.97%

Dow in GOLD oz : 7.269
Change : 1.054 or 16.97%

Dow in SILVER oz : 382.43
Change : 52.50 or 15.91%

Dow Industrial : 12,570.95
Change : 1,855.23 or 17.31%

US Dollar Index : 80.93
Change : -0.179 or -0.22%

The GOLD PRICE gained $5.30 to $1,729.50, while silver gained 39.3 cents today to 3287.1 cents.

The GOLD PRICE preserved yesterday's spike bottom or upside-down head and shoulders by not violating the neckline. Low came a little higher than yesterday's $1,717.80 at $1,720.81. Solid support there. Gold reached a little higher today, to $1,733.29. 'Twas a day of consolidation, that's all. $1,740 looms as gold's next hurdle.

Now that five day silver chart looks much stouter. The SILVER PRICE fell no lower than 3234c today, and flew as high as 3291, closing near the high. Silver remains comfortably above its 20 DMA (3209c) and is stretching out its hands toward the 50 DMA (3329). Barrier standing before silver is 3300c. Once silver overcomes that it can concentrate on 3550c again.

The silver and GOLD PRICE both continue to confirm their November 2 lows and affirm their aim to move much higher.

Another indicator that silver aims to move higher is the premium on US 90% silver coin, which continues to rise. I associate that with past similar rises that usually presage higher silver prices. Also, the gold American Eagle premiums has risen a bit, but this is due alone to the same tiresome year-end drama we see every year. The US mint, that wondrous socialist enterprise, ceases producing current year American Eagles and begins minting next year's date in December. That shortens supply a bit, and dealers and collectors, who appear to have the same memory span as a gnat, forget the same thing happened last year and grow frantic for Eagles, both this and next year's. By February when the mint begins delivering, all those premiums settle back to usual.

Let me go on record now by forecasting that the "fiscal cliff," mentioned 2,000 or 3,000 times a day right now in the news, will prove no more catastrophic than a speed breaker. Not because America has any statesman bold enough to address the underlying issues (fiat money and a government-spending dependent economy), but because all those rabbity Congressional cowards will merely cobble up some six or twelve month patch to delay the inevitable -- until they are out of office. European Union shirkers have been dancing this same lily-livered waltz for several years. Of course, it won't work forever, but show me a politician with a time horizon longer than 5:00 p.m. and I'll show you a creature rarer than a passenger pigeon.

The Germans have a word: Schadenfreude or "shame-joy." That describes the feeling someone has when he gloats over an evil that happens to another.

I hasten to add that I find no joy in reporting painful events, like huge drops in the stock market, even as rotten as the system is. In fact, it pains me to ponder how much more pain lies in the future, not merely for the stock markets, but for the abused US economy while that dying power class, central bankers, struggle to hold on to power.

Today's currencies: US$1=Y80.24=E0.7851= 0.0304 silver oz = 0.0058 gold ounce.

OWCH! The Yen gapped down today with a massive 1.01% loss. Ended at 124.63 cents/Y100. Today it fell about 2/3 of the way to its last low at 123.97.

With rioting in Spain, Italy, and Greece, the euro still managed to rise on news that Greece will not be repo'ed this Friday. It was up 0.27% to $1.2737. It didn't jump much, and only managed to touch the downtrend line above. Remains below all moving averages, including the crucial 62 DMA. Sick, sick, and looking at $1.2000.

US dollar index is now trading at 81.122, up an inconsequential 0.009. Dollar had a wearing day with a spike low to 80.90. May be rolling over for a few day's correction. If not, twill clear 81.25 tomorrow.

Stocks hurt almost too much to talk about. Dow lost a colossal 185.23 (1.45%) to 12,570.95 and S&P500 lost 19.04 (1.97% to 1,355.49.

This tumble came not with a great cliff-plunge, but rolled steadily downhill all day like a snowball gaining momentum. I keep thinking, "This looks like the last downleg of this move," and stocks keep beating even my low expectations If they break through this level the next support comes at the June low, way down there at 12,035.

The Dow in Gold Dollars has simply collapsed, straight down with hardly a pause. Today landed at G$150.25 (7.269 oz). Has now broken down past the bottom of that diamond topping formation sketched out from February through August. That is the final confirmation of a breakdown. Ultimate target for this move is BELOW G$117.62 (5.69 oz), the August 2011 low.

Miss not this message: stocks will weaken against gold for a long time.

Against silver today stocks lost over 52 ounces, falling to 382 ounces, a new low for the move. Message is the same: stocks will weaken against silver for a long time. (I caught myself wanting to say "weaken strongly." Should it be "weaken weakly"?)

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, November 13, 2012

The Gold Price Remains Above it's Twenty Day Moving Average and will Reach for $1,743 Tomorrow Buy More Silver and Gold

Gold Price Close Today : 1724.20
Change : -6.10 or -0.35%

Silver Price Close Today : 32.478
Change : -0.035 or -0.11%

Gold Silver Ratio Today : 53.088
Change : -0.130 or -0.25%

Silver Gold Ratio Today : 0.01884
Change : 0.000046 or 0.25%

Platinum Price Close Today : 1583.40
Change : 20.90 or 1.34%

Palladium Price Close Today : 635.80
Change : 28.55 or 4.70%

S&P 500 : 1,374.53
Change : -5.50 or -0.40%

Dow In GOLD$ : $152.94
Change : $ -0.15 or -0.10%

Dow in GOLD oz : 7.398
Change : -0.007 or -0.10%

Dow in SILVER oz : 392.76
Change : -1.39 or -0.35%

Dow Industrial : 12,756.18
Change : -58.90 or -0.46%

US Dollar Index : 81.12
Change : 0.045 or 0.06%

Today the silver and GOLD PRICE, as expected, turned down a bit. Gold lost $6.10 to $1,724.20 while silver lost a mere 3.5 cents to 3247.8c.

The SILVER PRICE actually began the day climbing, but spiked down about 9:30 a.m. as low as 3207c. That didn't last long. Silver immediately gapped up to 3255c! It settle back and traded the rest of the day above 3240c. Obviously, there are buyers galore waiting around 3200c. That re-iterates that support's strength. Also, the 20 DMA lies at 3211, and it was a no-brainer to buy silver at the 20 DMA. Whole day looks like a spike-bottomed reversal.

Stepping back from the daily action, silver's four month chart shows the rally from mid-August to the October high, and decline following. It also shows the false breakout through the downtrend line right at 1 November, followed by the collapse and low the next two days.

Since 22 October silver has built a pattern that resembles an upside-down head and shoulders reversal. The "neckline" slants from 3153c to about 3200c. As long as silver remains above that line -- shucks, it could even drop to 3150c (coincidentally the current whereabouts of the crucial 300 DMA at 3152c) without damaging silver's reversal and rally.

There's more: silver's strong pattern is to make NO calendar year lows in December. Seasonally it routinely rises strongly into year end. Unless silver gainsays me first, I expect it to rise into spring 2013.

Where silver hath led, gold followeth. Today's gold action also traced out an upside-down head and shoulders or V-bottom reversal. Low came at $1,717.80, plumb near the 20 DMA ($1,717.41).

The GOLD PRICE kept on knocking at the gates of $1,730 with two with two highs near $1,731.80. Tomorrow it will likely break down those gates. Only a close below $1,713 would argue against that.

On the four month chart gold has build a reversal pattern like silver's, with a "neckline" slanting up from $1,700 to $1,715.

Gold remains above its 20 DMA, successfully defended today, and above its 150 and 200 DMAs. Above remains only the 50 DMA at $1,743. Probably gold will reach for that, and perhaps breach that, tomorrow.

As with silver, gold's calendar year lows simply do not appear in December. More than that, gold made an interim low on 2 November, which sets it up to follow the normal seasonal pattern, rallying into year end. I expect gold to keep on rallying into spring, but I'm not going to mention how high it will reach, lest y'all send me one of those white canvas jackets whose sleeves buckle in the back. I may be only a natural born fool from Tennessee, but I ain't that big a fool.

I hope y'all are listening: buy silver and gold. Buy more silver than gold because with the GOLD/SILVER RATIO at 53.088, silver is cheap in gold terms. More than that, next ratio low will be 30:1 or less. Buy US 90% silver coin because offers the lowest cost per ounce, most flexible form of investment silver. In gold, steer clear of the expensive American Eagle gold coins and go for the less costly Austrian 100 coronas or Mexican 50 pesos. It's all gold, and over time premium always disappears.

I know it doesn't quite reflect the reality, but reading news last night about the Greeks needing $6 billion by Friday to roll over their debt raised pictures in my mind of somebody in a flea market trying to sell the family silver and crystal and even old furniture. For several years now the Euros just haven't been quite able to decide whether they're going to bail out everybody or not. Not bailing out everybody, or bailing out everybody would at least keep the markets from stewing in constant agitation and befuddlement and fear, but the Head Goofs in Europe don't get it. In the end they'll bail, and everybody, because it's not Greece or Spain or Italy or Malta they're bailing out but those who own that sovereign debt, namely, the Banks. And when Banks sneeze, politicians pull out their handkerchiefs -- and tremble.

Meanwhile the euro-indecision is making the plug-ugly, scrofulous US dollar look like the prettiest girl at the dance. US Dollar index gained again today, 0.045 to 81.115, up a mighty 0.06%.

Thus was I forced to return and review the dollar index chart. It showeth a clean, unblemished, albeit slow rally from the October bottom at 78.93. In fact, one might argue that the rally actually began mid-September.

The channel formed by the September rally upper boundary and the October rally lower boundary line is split amidships. If the dollar can pierce that mid-line, a goal it shows right now no more ambition toward than a college freshman toward spending a beer-free Friday, it could run to 83 - 83.5. Generally that means a headwind against silver and gold, but presently they don't give a hoot what the dollar is doing, but just keep marching up.

The yen has rallied to a falling fanline and for all it stands barely above its 200 day moving average (125.75) is fixing to launch another spike down. Closed today at 125.89c/Y100, up a nonsensical 0.03%.

Today the Euro finished its fifth down day running, tenth if you don't count the little mouse burp up 7 days ago. What scientist of Count Frankenstein's stature can bring it back to life? Not one. Today it closed at $1.2703, down 0.09%. It stands beneath its 20, 50, 200, and 62 day moving averages, which is a recipe for massive downside plunging about as complete as it comes. I don't think it can be fixed.

I thought stocks were due for a little dead-cat bounce at least, but that old cat won't bounce. Dow dropped another 58.9 today to 12,756.18, a new low for the move. From where it lies it can hardly spy the 200 DMA far above at 12,993. S&P500 also lost another 5.50 today to close at a new low for the move, 1,374.53.

These are broadening top formations, and slow to roll over and fulfill their promise, so stocks might yet stage a rally into year end. Still, the die is cast, the cards are played, the tires are flat, and the rings are shot. Next big move for stocks is earthward, ever earthward. Better swap you stocks for silver and gold while time remaineth.

Why do I mumble so much about moving averages? Because they offer an inarguable indicator of a market's direction.

Think about a 200 Day Moving Average. You add up the last 200 days action and average it. Then tomorrow you drop the oldest price and add back the newest. Because it is averaging 200 days, the average filters out the daily noise and smooths out the trend. A market below its 200 DMA has turned its face down. When it's also below the 50 DMA and 20 DMA, and those are stacked above it in order, well, it's like playing Tarot and drawing the Death card. Likewise, a market above its 200 day and other moving averages has turned its face sunward.

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.