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Friday, March 15, 2013

The Gold Price Touched $1,598.54 Today I Expect Gold to Break $1,600 Next Week

Gold Price Close Today : 1,592.50
Gold Price Close 8-Mar-13 : 1,576.60
Change : 15.90 or 1.0%

Silver Price Close Today : 28.817
Silver Price Close 8-Mar-13 : 28.909
Change : -9.20 or -0.3%

Gold Silver Ratio Today : 55.263
Gold Silver Ratio 8-Mar-13 : 54.537
Change : 0.73 or 1.3%

Silver Gold Ratio : 0.01810
Silver Gold Ratio 8-Mar-13 : 0.01834
Change : -0.00024 or -1.3%

Dow in Gold Dollars : $ 188.40
Dow in Gold Dollars 8-Mar-13 : $ 188.77
Change : -$0.37 or -0.2%

Dow in Gold Ounces : 9.114
Dow in Gold Ounces 8-Mar-13 : 9.132
Change : -0.02 or -0.2%

Dow in Silver Ounces : 503.66
Dow in Silver Ounces 8-Mar-13 : 498.01
Change : 5.65 or 1.1%

Dow Industrial : 14,514.11
Dow Industrial 8-Mar-13 : 14,397.07
Change : 117.04 or 0.8%

S&P 500 : 1,560.70
S&P 500 8-Mar-13 : 1,541.18
Change : 19.52 or 1.3%

US Dollar Index : 82.236
US Dollar Index 8-Mar-13 : 82.770
Change : -0.534 or -0.6%

Platinum Price Close Today : 1,591.40
Platinum Price Close 8-Mar-13 : 1,601.90
Change : -10.50 or -0.7%

Palladium Price Close Today : 773.70
Palladium Price Close 8-Mar-13 : 780.65
Change : -6.95 or -0.9%

The GOLD PRICE today hit $1,598.54, pounding on that $1,600 door with both fists, but closed up only $1.90 at $1,592.50.

The SILVER PRICE gained a measly 4.5 cents to close at 2881.7c.

Today left the GOLD PRICE still above and outside that pennant it broke out of (upward) earlier this week. Indicators all argue that gold made a bottom at 1554.30 in February, then a higher low six days ago at $1,560.40. Any price lower than $1,570 (the apex of that pennant) would gainsay that conclusion that gold has reversed heaven-ward.

Silver slightly pierced the bottom boundary of its pennant, then traded back up into it today, nearly closing above its 20 DMA at 2891c. Here, too, all the indicators and sentiment all point to a reversal.

I expect to see silver and gold break out above 2950c and $1,600 next week. Now, saying that I'm crawling out on a limb with a chainsaw in one hand, but I'm willing to take that chance. It's still unclear, but when stocks break (before end-March) that should help gold and silver.

I'll admit I've had a dark cloud hanging over me lately. Just seems that the Rot is progressing faster than I can acclimate to it. Somehow the yankee government refusing to say it won't use drones in the US seems to me the same as saying it WILL use them. Call me old-fashioned, but a government claiming it has power and authority to kill its own citizens seems to contradict all the purposes of government. I won't even mention the signs the yankee government is planning once again to wage war on its own people -- Homeland Security ordering a billion rounds of hollow point ammo (banned in international warfare) and more armored vehicles that the Germans had when they invaded France in 1940. They need those like a fish needs a bicycle -- unless they're up to no good.

Yep, I know some of y'all with call me paranoid, goofy, squirrelly, all of that, but you have never had a SWAT team on your back porch. A day is coming when y'all are going to have to overcome your fear of government and stand up for your neighbors. Otherwise, when they come for you, there'll be nobody to stand up for you.

Criminal to resist? That's what they want you to think, and that it's criminal to insist on your rights. I reckon morality depends on your viewpoint, and what they call good behavior might also be called cowardice and treason to your fathers and your children. Got to choose.

But shoot! What do I know, a natural born fool from Tennessee? We're so backward some of us here still believe in the God of the Bible.

I saw a census report that one in three counties is now dying off due to weakened local economies. Young people move away and only the old are left, and these are mostly rural counties. Here's something you -- even little you -- can do to fight The Rot and rebuild your local economy: buy local food. That's the starting point. For more, see my YouTube video, "Rebuilding Your Local Economy," 46 minutes at http://bit.ly/ZbXd5H

Okay, I'm gonna cheer up now and get mean, plumb mean, so mean I can chew nails and spit out iron filings.

Stocks ground relentlessly to new tops this week, setting up for a big drop. Probably this top coming soon won't be the ultimate top, but the drop will have all those presently smugly cocksure that they are investing geniuses puking in their wastebaskets. Ultimate top should come later this year.

Dow fell 25.03 (0.17%) today to 14,514.11 while the S&P500, still unable to reach that 2007 top by two tiny points, fell 2.53 (0.16%) to 1,560.70.

Dow in Gold and Dow in Silver are still moving sideways, although the Dow in Silver inched a little higher to 504.74 oz. Both charts look very, very toppy.

Currencies moved around, but without any great changes. US dollar index fell 33.9 basis points (-0.44%) to 82.236. Yen poked its head up 0.79% to 104.89 cents per 100 yen. Euro did gap up a little to touch its 20 day moving average, gaining 0.54% to $1.3074. 20 DMA stands at $1.3102. I don't believe this amounts to more than a bounce in a downtrend. Today argues that the US Dollar has broken its uptrend, but it has yet to confirm that with lower prices.

A National Treasure is a person who by his contribution to culture or science has earned the thanks of the entire nation. Integrative physician Dr. Jonathan Wright of Tahoma Clinic in Seattle is just such a national treasure, which of course means that the Washington State medical board (Medical Quality Assurance Commission) has tried has tried to put him out of practice over 25 times since 1970. Vendetta? Naww, just an accident of socialist bureaucracy.

For the whole story, go to the Alliance for Natural Health and read the article, "Washington State Medical Board Endangers Public Health and Safety," at http://bit.ly/ZnbSK4

That article will explain how the board is attacking Dr. Wright this time, for an alleged offense that is in fact the board's fault. The hearing takes place next week, 18 - 20 March. Dr. Wright's license is at stake. At the bottom of the article you'll find a green button, "Take Action!" Click on that button and a form offers you a letter of protest that will go to the governor, state senators, and state representatives. Unfortunately only Washington residents can send this email.

I seldom ask y'all for a favor, but I am leaning on you this time, for the sake of this wise and faithful man who has helped hundreds of thousands of people. It won't take you ten minutes. Is it worth 10 minutes to raise your voice against a railroading travesty of justice? And if you have friends who live in Washington state, send them this email and ask them to send an email through ANH-USA.org. Thanks.

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

- Franklin Sanders, The Moneychanger
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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.