The Gold Price Closed Up for the Week at $1,250.60

Gold Price Close Today : 1,250.60
Gold Price Close 22-Nov-2013 : 1,244.10
Change : 6.56 or 0.52%

Silver Price Close Today : 19.98
Silver Price Close 22-Nov-2013 : 19.86
Change : 0.12 or 0.604%

Gold Silver Ratio Today : 63.05
Gold Silver Ratio Today : 62.64
Change : 0.41 or 0.65%

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

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 2013, 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 or 18 ounces of silver. or 18 ounces of silver. US $ and 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.

The Gold Price Closed at $1,237.80

Gold Price Close Today : 1237.80
Change : 0.00 or 0.00%

Silver Price Close Today : 19.63
Change : 0.00 or 0.00%

Gold Silver Ratio Today : 63.05
Change : 0.00 or 0.00%

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

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 2013, 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 or 18 ounces of silver. or 18 ounces of silver. US $ and 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.

Silver and Gold Prices Offer Great Buying Opportunities Soon

Gold Price Close Today : 1237.80
Change : -3.60 or -0.29%

Silver Price Close Today : 19.63
Change : -0.21 or -1.08%

Gold Silver Ratio Today : 63.05
Change : 0.50 or 0.80%

Silver & GOLD PRICES won't get any relief until the Dow in Gold & Dow in Silver turn down. Today the DiG closed at another new high for the move, 13 oz. against the June high at 12.514 oz. Dow in silver finally gave in & posted a new high at 819.91 oz against the June high at 816.77 oz. Both are monstrously overbought, but that can persist quite a while. We wait.

The GOLD PRICE dropped $3.60 to $1,237.80 on Comex. Silver gave back 21.5 cents and ended at 1963.3 cents.

Behold, how the 5 day chart instructeth us! Overnight Monday-Tuesday gold rose to $1,255, then was slammed on the US open. Dropped to $1,245, but yesterday after the close began rising again, reached $1,254.80 overnight, then was cold-cocked again about the same time, leaving behind a huge gap on the chart from $1,294 to $1,240, and a low at $1,237.30.

Ditto for the SILVER PRICE. Only difference is that silver fell nearly to Monday's low while gold caught hold higher than Monday's $1,225.70, namely, $1,237.30. Actually, there's a modicum of hope buried in that. Also in interest rates rising a teentch today (10 year yield rose 1.48% to 2.736%). Rising rates will help silver & gold by blowing apart the Fed's Zero Interest Rate Policy.

Yet today was the first day of the move gold closed below $1,240. Hard to believe there's not one more plunge coming, and that right soon.

Keep your powder -- or, money, as the case may be -- dry because a great buying opportunity in silver & gold is coming. But we have to wait for some evidence the falling has ended. Steady. Steady. Steady.

The bull market in silver and gold has NOT ended. Keep your eyes on the Federal Reserve's balance sheet. So far they've managed to sideline about $2.5 trillion into bank reserves and keep it out of the money supply. Once interest rates rise, banks will have no incentive to leave reserves with the Fed earning 0.25%. The results will be catastrophic. The Fed remains the best friend silver and gold have.

Tomorrow is the Thanksgiving holiday and I'm taking off Friday, so I am sending you this weekly summary today.

Leading into a holiday week in the US, most everything has traveled sideways, except for silver, gold, & palladium, which have edged down.

The US dollar index today closed below its 20 day moving average & so turned its momentum heading down. Unless the dollar can turn around & close above the last high at 81.58, it is headed back to 79. That might help silver & gold.

Euro was flat today, up 0.4% at $1.3579. However, in the past two days it has once again edged over that upper trading channel line & closed above its 20 & 50 DMAs, so the euro should keep climbing. Six days ago the yen gapped down sharply, and has tumbled since. Dropped another 0.885 today to 97.89 cents/Y100, below the last two lows & evidently headed for 96.40 cents or lower. Amazing what a powerful weapon a jawbone is, especially in a world of illusion.

Dow & S&P500 both made new all time highs today while the Nasdaq Comp made a new high for the move. Dow rose 24.53 (0.15%) to 16,097.33. S&P500 edged up 4.48 (0.25%) to 1,807.23. Both are overripe for a correction, but after that should make one last leg up into first quarter 2014.

Y'all enjoy your weekend!

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 2013, 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 or 18 ounces of silver. or 18 ounces of silver. US $ and 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.

The Gold Price Rose 20 Cents Today Closing at $1,241.40

Gold Price Close Today : 1241.40
Change : 0.20 or 0.02%

Silver Price Close Today : 19.848
Change : -0.034 or -0.17%

Gold Silver Ratio Today : 62.545
Change : 0.117 or 0.19%

Silver Gold Ratio Today : 0.01599
Change : -0.000030 or -0.19%

Platinum Price Close Today : 1370.40
Change : -5.60 or -0.41%

Palladium Price Close Today : 716.20
Change : -3.70 or -0.51%

S&P 500 : 1,802.75
Change : 0.27 or 0.01%

Dow In GOLD$ : $267.64
Change : $ -0.04 or -0.01%

Dow in GOLD oz : 12.947
Change : -0.002 or -0.01%

Dow in SILVER oz : 809.79
Change : 1.40 or 0.17%

Dow Industrial : 16,072.80
Change : 0.26 or 0.00%

US Dollar Index : 80.630
Change : -0.214 or -0.26%

The GOLD PRICE gapped up above $1,250 late yesterday and silver followed suit with a run to 2025c. Well, my, that attracted big time sellers, so about the time markets opened in the US they started piling on. I reckon they saw that both silver and gold prices had yesterday posted the first half of a key reversal, so they had to make sure neither one closed higher today. The SILVER PRICE ranged from 2029c to 1981c, but closed down 3.4 cents at 1984.8 cents. Gold price rose -- get this -- twenty cents to $1,241.40, after a high at $1,257.80 and a low of $1,239.20.

MACD is negative, RSI is oversold, rate of change is negative. Mercy, we'd have to order sunshine from Sears and Roebuck just to get a ray of light in here. We are sailing between Scylla and Carybdis from now to the end of December's first week -- a dangerous passage that could bring new lows. Frankly, that would be a relief.

So y'all have to decide what to believe in: Fiat money and its snake oil promoters like Greenspan (remember him? Never could parse a single sentence he mumbled), Bernanke, and now Big Janet who'll all lie quicker than a minnow can swim across a dipper, or gold and silver, still valuable after, oh, six millennia?

Shucks, don't ask me! I'm just a natural born durned fool from Tennessee, dumber than a central banker.

Then you come to markets today, and they're crazier still. By not enough to mention today -- 0.26 point -- the Dow Jones Industrial Average made a new high at 16,072.80. S&P500 rose 0.27 to 1,802.75.

I know the cheerleaders all filled the streets for this occasion, but double tops make me nervous for any market, let alone as overdue for a correction as stocks are.

And today the Nasdaq Comp finally climbed above 4000 to 4,017.75. High in 2000 was 5,048.62, so some folks are still waiting to get even.

Both the Dow in Gold and Dow in Silver rose today, and both of 'em are more overbought than orange glitter lipstick at a teenie-bopper convention. DiG closed 12.95 oz (G$267.70 gold dollars), up 0.76% (against the June high at 12.514 oz). DiS added 1.92% to end the day at 811.55. June high was 816.77 oz.

Until these two indicators turn down again, silver and gold will not get any relief. Probably they will reverse about the same day stocks reverse downward and silver and gold turn around upward. Meanwhile we just sit and stew -- with a smile, cause we know how it will turn out.

Like the 3 Stooges, the US DOLLAR INDEX loves to poke its friends in the eye. After that sharp ally from 79.06 in late October to 81.58 in early November, it looked ready to rally. Whoops, it's back down at 80.63 and looking sick as a dog puking peach pits. MACD gave a sell signal today. On a 5 day chart 80.60 looks like a cliff edge the dollar just hadn't ought to fall over.

Meanwhile the suave Euro, which like a bankrupt and shabby Count manages to put up a good outward show in spite of inward emptiness, rose 0.41% to $1.3575. Closed over the 50 day moving average today ($1.3560). Maybe the euro will run for the sky. All this leaves me asking myself what the market knows about the dollar that makes it so nervous.

Yen also rose 0.37% to 97.76 cents per 100 yen. Given its fall of the last five days, no, make that the last month, nothing there suggests a turnaround yet.

If you have some sad friend or relative you want to cheer up at Christmastime, get yourself right now to www.dogwoodmudhole.com and order a copy of my new book, At Home In Dogwood Mudhole Volume 2. You'll laugh, you'll cry, you'll wonder how people who could do such crazy and insanely dangerous things aren't ten feet underground yet. Not convinced? Go read the sample chapter, "Home Alone Milking." If it doesn't make you laugh, don't tell anybody, cause it means your sense of humor has been surgically removed.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 2013, 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 or 18 ounces of silver. or 18 ounces of silver. US $ and 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.

The Gold Price Closed Down at $1,241.20

Gold Price Close Today : 1241.20
Change : -2.90 or -0.23%

Silver Price Close Today : 19.88
Change : 0.02 or 0.10%

Gold Silver Ratio Today : 62.43
Change : -0.21 or -0.33%

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

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 2013, 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 or 18 ounces of silver. or 18 ounces of silver. US $ and 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.

Gold Price Bull Market Has Not Ended — Best is Yet to Come

Gold Price Close Today : 1,244.10
Gold Price Close 15-Nov-13 : 1,287.80
Change : -43.70 or -3.4%

Silver Price Close Today : 19.862
Silver Price Close 15-Nov-13 : 20.717
Change : -0.855 or -4.1%

Gold Silver Ratio Today : 62.637
Gold Silver Ratio 15-Nov-13 : 62.162
Change : 0.48 or 0.8%

Silver Gold Ratio : 0.01596
Silver Gold Ratio 15-Nov-13 : 0.01609
Change : -0.00012 or -0.8%

Dow in Gold Dollars : $ 266.93
Dow in Gold Dollars 15-Nov-13 : $ 256.22
Change : $10.71 or 4.2%

Dow in Gold Ounces : 12.913
Dow in Gold Ounces 15-Nov-13 : 12.395
Change : 0.52 or 4.2%

Dow in Silver Ounces : 808.82
Dow in Silver Ounces 15-Nov-13 : 770.46
Change : 38.36 or 5.0%

Dow Industrial : 16,064.77
Dow Industrial 15-Nov-13 : 15,961.70
Change : 85.48 or 0.5%

S&P 500 : 1,804.76
S&P 500 15-Nov-13 : 1,798.18
Change : 7.56 or 0.4%

US Dollar Index : 80.696
US Dollar Index 15-Nov-13 : 80.818
Change : -0.122 or -0.2%

Platinum Price Close Today : 1,380.90
Platinum Price Close 15-Nov-13 : 1,437.10
Change : -56.20 or -3.9%

Palladium Price Close Today : 714.05
Palladium Price Close 15-Nov-13 : 732.30
Change : -18.25 or -2.5%

The GOLD PRICE added a momentous fifty cents to close Comex at $1,244.10. Silver lost 7.2 cents and closed 1986.2c. Who-ray.

Today's ranges were ever narrower and deader than yesterday's. Gold peaked at $1,248.30 and troughed at $1,242.30, silver 2005c to 1981c.

Most positive sign in silver and GOLD PRICES are what appears to be a spike peak in the GOLD/SILVER RATIO (ratio rises when silver and gold are falling, falls when they are rallying). Yesterday's break was not confirmed as a key reversal, but the ratio didn't go far -- 62.637, up 0.4%. It should retreat from here.

Then there are the Bollinger Bands for the silver and gold price. Both metals are scuttling along the bottom band. At the June low a puncture through the bottom Bollinger Band marked the bottom. Bollinger bands are volatility bands above and below a moving average. The bands widen and narrow with volatility.

Both silver and gold prices are dithering around below or at support lines. That usually doesn't promise great thing. However, the SILVER PRICE lost 4.1% this week and gold lost 3.4%. Gold has now given back about 75% of its rise from last June's low. And even if silver and gold prices catch here, what's to raise them? The stock market is sucking all the money in the world into itself. No help for it but to patiently wait for the cracks to appear in Bernanke's playhouse and the public mood to change.

But change it will. Silver and gold price bull market has not ended yet. The best is yet to come, croakers, whiners, and doomsayers notwithstanding.

Every day it gets funnier and funnier. On Wednesday the ECB Head Mario Draghi suggested the ECB might pay NEGATIVE interest rates, that is, charge you to hold your money. Not much to anybody's surprise, the euro tanked on that news. Draghi did a supersonic crabwalk then to announce he was just kidding about the negative interest rates. What's a central banker to do when his own currency keeps appreciating against his biggest competitor's? How's he gonna beggar his neighbor?

So the euro rose today on news of strong German economic data. If you were talking to anyone with an attention span greater than a gnat, which would leave out currency traders, you would ask what that means for Spain, Italy, Greece, and the other European countries mired in depression. No matter, the gnats abound.

Euro rose 0.53% to $1.3554 while the US dollar stumbled 31.3 basis points (0.4%) to 80.696. That's a long drop from critical 81 support/resistance and nearly to the 80.68 20 day moving average. How about it, dollar index? You going up or down? You appear to be rolling over to the downside. Maybe this is merely the dollar reacting after a jump, but maybe not. If not, what is the dollar expecting? What's it worried about?

Meanwhile the yen fell another 0.11% today to 98.74 cents/Y100. If it stoppeth not here, 'twill sink to 96.5 cents.

Stocks appear to be unstoppable. Dow made a new high today, rising 54.78 or 0.34% to 16,064.77. S&P500 joined in with its own new high, up 8.91 (0.5%) to 1,804.76. Today's higher levels don't altogether remove my doubts expressed yesterday about a coming correction, but I just have to put my hand on my mouth. When a market enters a mania like this, nobody can tell you where it will stop.

Dow in Gold rose 0.29% today to a new high at 12.93 oz (against June's 12.514. Dow in Silver rose to 810.74, not quite to the June 816.77 oz high. Until these indicators turn down again, stocks have not finished their move. It is possible, however, that gold and silver might bottom without that turndown, if they merely trade sideways. Anyway, it's the most reliable indicator I know, so I can't buck it. I'm a fool, but not that big a fool.

Y'all enjoy your weekend!

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 2013, 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 or 18 ounces of silver. or 18 ounces of silver. US $ and 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.

Gold Price Closed Down $14,40 at $1,243.50

Gold Price Close Today : 1243.50
Change : -14.40 or -1.14%

Silver Price Close Today : 19.928
Change : 0.122 or -0.61%

Gold Silver Ratio Today : 62.400
Change : -0.339 or -0.54%

Silver Gold Ratio Today : 0.01603
Change : 0.000086 or 0.54%

Platinum Price Close Today : 1389.90
Change : -7.90 or -0.57%

Palladium Price Close Today : 713.10
Change : -0.55 or -0.08%

S&P 500 : 1,795.85
Change : 14.48 or 0.81%

Dow In GOLD$ : $266.15
Change : $ 4.84 or 1.85%

Dow in GOLD oz : 12.875
Change : 0.234 or 1.85%

Dow in SILVER oz : 803.39
Change : 10.33 or 1.30%

Dow Industrial : 16,009.99
Change : 109.17 or 0.69%

US Dollar Index : 81.080
Change : 0.030 or 0.04%

A hopeful sign I see for the silver and GOLD PRICES is the GOLD/SILVER RATIO chart that left a spike up behind yesterday from its 62.738 high, then fell today to end at 62.400, it appears to be a definite reversal, wanting only one more confirmation.

When I quote the gold price low to y'all you're going to think it dropped a lot today, but it's only the drop from yesterday's close at $1,257.90. Fell $14.40 to $1,243.50 on Comex, but most of that fall happened yesterday after the Comex close, and it's trading about where it was this time yesterday. 'Twas an extraordinarily quiet day bounded by a low at $1,235.80 and a high at $1,243.60.

I went back and checked the indicators at the June gold price low. The low occurred 27 June, but the MACD didn't turn up until 8 July. Didn't climb through the 20 DMA till 11 July. Rate of change didn't go positive until 12 July. Gold Silver Ratio peaked on 26 June, reversed on 27, and gapped down on 28.

Your point? Simply that watching gold on 27 June 2013 gave you no clue that it had turned up, OTHER THAN a key reversal beginning that day, confirmed the next day. Other indicators were all thumbs down.

The SILVER PRICE lost 12.2 cents today for a 1992.8c close. Range was narrow, from 2005c to 1970c. However, if you look at an End of Day chart and not Comex, the first half of a key reversal -- break into new low ground with a higher close for the day. Silver must confirm that with a higher close tomorrow.

The GOLD PRICE, on the other hand, offers no such comfort. End of day chart shows it making a new low for the day, but closing about where it ended yesterday. Speaks with forked tongue.

So far, no big waterfall other than yesterday. Longer silver and gold prices hang here without breaking down, less the likelihood they will break down. However, no positive sign of turnaround shows yet, other than the Gold Silver Ratio and silver's fist half Key Reversal. Both those need still to be confirmed.

We wait. We watch. We are patient, know that a Really Big Inflator is taking the tiller from Bernanke, raising giant waves of new money for silver and gold to surf on.

The Dow made a new high today and closed above 16,000, specifically it rose 109.17 (0.69%) to 16,009.99. Wait, I'll have more to say about that. S&P500 rose 14.48 or 0.81%, but made not a new high with its 1,795.85 close.

Because I have been suckered more times than Carter's has pills by markets that appear to recover, I offer these observations.

(1) Markets often top with Two highs about the same place.

(2) Trickier still, the second top is often higher than the first.

(3) As anvils do not spontaneously levitate into the stratosphere, so markets do not forever get more and more overbought. Markets making new highs day after day lie far closer to the end of their move than an extension.

(4) Dow actually made a lower intraday high today at 16,016.04, than it did on the last new all time high, namely, 16,030.38. Picture painted on the chart is lower highs and lower lows -- beginning a downtrend? S&P500 rose today, but to a lower high than the intraday high when the Dow made its last high and other indices refused to confirm.

(5) Despite all that, markets can keep becoming more overbought than you have money to put up shorting them, so stocks can go higher still.

Dow in Gold rose 0.71% today to 12.89 oz (G$266.46), a new high since June's 12.514 oz. Dow in silver rose 0.11% to 802.3 oz, still below the June 816.77 high.

Ten year note yield fell today to 2.784%, probably on news that Big Janet is coming and will continue Big Ben's Zero Interest Rate Policy. However, interest rates broke out to the upside in June, corrected September - October, and now are rising again,. The bond market smells a rat, and that rat might be rising interest rates that overcome the Fed's ZIRP (Egad! Where DO they get these acronyms?)

US Dollar Index rose a little today, 0.4% to 81.08, three basis points, but is trading below 81 now. Trying to break out skyward. Maybe this turkey can fly.

Yen gave up today with a gap down, losing 1.14% to end on its lows at 98.85 and gasping for breath. Looks to be shooting for 96.4 cents per 100 yen or less.

The euro, on the other hand, rose 0,33% to $1.3483. I keep asking myself why it might rise, but on the chart I can find no reason.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 2013, 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 or 18 ounces of silver. or 18 ounces of silver. US $ and 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.

The Gold Price Dropped Below the October $1,251 Low

Gold Price Close Today : 1257.90
Change : -15.50 or -1.22%

Silver Price Close Today : 20.050
Change : -0.276 or -1.36%

Gold Silver Ratio Today : 62.738
Change : 0.089 or 0.14%

Silver Gold Ratio Today : 0.01594
Change : -0.000023 or -0.14%

Platinum Price Close Today : 1397.80
Change : -20.30 or -1.43%

Palladium Price Close Today : 713.65
Change : -7.95 or -1.10%

S&P 500 : 1,781.37
Change : -6.50 or -0.36%

Dow In GOLD$ : $261.31
Change : $ 2.11 or 0.81%

Dow in GOLD oz : 12.641
Change : 0.102 or 0.81%

Dow in SILVER oz : 793.06
Change : 7.51 or 0.96%

Dow Industrial : 15,900.82
Change : -66.21 or -0.41%

US Dollar Index : 81.065
Change : 0.528 or 0.66%

The GOLD PRICE broke today before the FOMC minutes were published. At Comex close it had been stripped of $15.50 (1.2%) to end at $1,257.90. However, in the aftermarket it dove another $17.5 (at one point it was $1,240.20), a maximum intraday loss of 2.5%

The SILVER PRICE was down 27.6 cents or 1.35% to 2005c at Comex close, then lost another 18 cents in the aftermarket. As I write Gold is back up to $1,244.80 and silver to 1992c.

Looking over the shoulder of other investors' shoulders is a lot like cheating on a test in high school. Before you do it, you'd better make sure the fellow you're cheating from knows more than you do. With that warning, however, I watch some of my customers who seem usually to make exceptionally good decisions. Several showed up buying today and one remarked casually, "Gold and silver look cheap to me." I wouldn't use that for a rope to swing over hell on, but it's worth noticing.

Specifically the GOLD PRICE dropped below the October $1,251 low on an intraday basis, not to mention ending the day down there. Now there's a line of support that runs from that low today through the October low back to the August low all the way to the April low. So there's some support there, But gold would have to hang on here, not fall any lower, and begin climbing within a couple of days to validate that. that.

Silver broke a similar support line today, which technically points silver toward the last low at 1910 or even the June low at 1817c.

This may sound crazy here, but silver does lie within that November window where lows occur. Hardest part of parsing markets is keeping yourself from being seduced by other people's opinion. Right now, the world seems universally bearish on silver and gold. Whenever opinion is that unanimous, our fingers ought to start itching, searching for a place to pull that reversal trigger. Besides, seasonally December is usually an up month.

Today the Fed released the October FOMC minutes which said they MIGHT reduce the $85 billion monthly bond purchases "in coming months." That propped up the dollar while it knocked stocks, gold, and silver in the head.

Apparently the public really believe that Fed QE really is good for the stock market long term, at least they are spooked by any hint of tapering. Today the Dow lost 66.21 (0.41%) to 15,900.82 while the S&P500 slipped 6.5 or 0.36% to 1,781.37.

While divers pundits ascribed this stumble to the FOMC minutes/taper threat, I remind y'all this started not today but three days ago when the Dow made its new all-time high but the other indices fell. The cause and the apparent cause are not always identical. This sets stocks up for a longer correction. Expect lower prices for the next couple of weeks, BICBW.

The stock plunge didn't help the Dow in Silver or the Dow in Gold, since both metals plunged further themselves. Dow in gold closed up 0.08% at 12.645 oz., above its June high at 12.514 for the second day. Dow in silver added 0.96% to close 793.06 oz, still below the June 816.77 high. Long as those are rising it will be tough for silver and gold to turn around. However, both indicators are severely overbought, DiS worse than DiG.

That bull flag in the US dollar chart I mentioned yesterday snapped into action today. On the taper rumor the dollar index leapt 52.8 basis points or 0.68% to 81.065. That carries the dollar above crucial 81 resistance and to the downtrend line from the September highs. Once it crosses that line, as probably will tomorrow, it will race for 82.50 - 83.

Euro fell out of that rising wedge with a boom. Tumbled 0.75% to $1.3435, below the 20, 50, and 62 day moving averages. Down, down points the chart.

Yen rose 0.2% today to 100.04, but that only brought it to the downtrend line that has ruled since mid- October. If the yen intends ever to rise, it gives no hint, not even in its body language.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 2013, 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 or 18 ounces of silver. or 18 ounces of silver. US $ and 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.

Gold Price Climbed $1.20 to $1,273.40

Gold Price Close Today : 1273.40
Change : 1.20 or 0.09%

Silver Price Close Today : 20.326
Change : -0.023 or -0.11%

Gold Silver Ratio Today : 62.649
Change : 0.130 or 0.21%

Silver Gold Ratio Today : 0.01596
Change : -0.000033 or -0.21%

Platinum Price Close Today : 1518.10
Change : 8.90 or 0.59%

Palladium Price Close Today : 721.60
Change : 5.20 or 0.73%

S&P 500 : 1,787.87
Change : -3.66 or -0.20%

Dow In GOLD$ : $259.20
Change : $ -0.39 or -0.15%

Dow in GOLD oz : 12.539
Change : -0.019 or -0.15%

Dow in SILVER oz : 785.55
Change : 0.45 or 0.06%

Dow Industrial : 15,967.03
Change : -8.99 or -0.06%

US Dollar Index : 80.674
Change : 0.055 or 0.07%

Silver fell 2.3 cents to 2032.6c while the GOLD PRICE climbed $1.20 to $1,273.40. That was on a 23 cent range for silver and a $7 range on the gold price, dead as a ball-peen hammer.

I'm starting to get suspicious. Markets have a way of slapping you in the back of the head with surprises. What's keeping them up? Both appear to be dead. I have to suspect some big move, up or down, will emerge soon. However, this time of year is often very slow as investors wind down positions toward the Thanksgiving holiday.

No point in chafing. Silver and GOLD PRICES will resolve soon enough, and resolve upward since the bull markets in both are still alive.

Markets were pretty quiet today. Stocks kept on arching in that trajectory from yesterday that suggests a correction has begun. The US dollar index lost more ground, leaving me to doubt to outcome prophesied by the optimists. And silver and gold marked time.

Stocks made tiny moves -- Dow lost 8.99 (0.06%) to 15,967.03 and S&P500 lost 3.66 (0.2%) to 1,787.87 -- but it wasn't the size of the moves that speak. Rather, it was their direction, confirming what looked yesterday like a key reversal in some indices. Stocks are way overdue for a correction. When any market piles up new highs day after day and the optimists run hog wild, the days of the move are numbered, and I don't give two hoots how many "experts" tell me "It's different this time." They always say that, right before a crash.

Dow in Gold and Dow in Silver continue to hang in the balance, the DiG near its June high -- mmmm, with gold much higher but stocks higher, too, and not by a lower gold price -- while the DiS stubbornly refuses to rise that high. DiG closed 12.539 oz, down 0.15% while the DiS gained 0.6% to 785.55 oz. Keep watching them, because that's where we'll see the turn of stocks and the turn of metals first.

If the dollar index is not forming a bullish flag or pennant (a downsloping correction that looks like a flag), then its in trouble. Lost another 5.5 basis points today to 80.675. Euro rose 0.23% to $1.3539 and the Yen fell 0.18% back below 100c to 99.88 cents/Y100.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 2013, 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 or 18 ounces of silver. or 18 ounces of silver. US $ and 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.

Silver and Gold Prices Closed Lower with the Gold Price Closing at $1,272.20

Gold Price Close Today : 1272.20
Change : -15.10 or -1.17%

Silver Price Close Today : 20.349
Change : -0.368 or -1.78%

Gold Silver Ratio Today : 62.519
Change : 0.382 or 0.61%

Silver Gold Ratio Today : 0.01600
Change : -0.000098 or -0.61%

Platinum Price Close Today : 1409.20
Change : -27.90 or -1.94%

Palladium Price Close Today : 716.40
Change : -15.90 or -2.17%

S&P 500 : 1,791.53
Change : -6.65 or -0.37%

Dow In GOLD$ : $259.59
Change : $ 3.27 or 1.28%

Dow in GOLD oz : 12.558
Change : 0.158 or 1.28%

Dow in SILVER oz : 785.10
Change : 14.64 or 1.90%

Dow Industrial : 15,976.02
Change : 14.32 or 0.09%

US Dollar Index : 80.818
Change : -0.210 or -0.26%

If y'all are expecting some big revelation about the silver and GOLD PRICES from me today, I reckon y'all will be disappointed. They just didn't DO anything to change the situation.

GOLD PRICE lost $15.10 (1.2%) and wound up at $1,272.20. Silver yielded 36.8 cents (1.8%) to close Comex at 2034.9c.

Where does that leave them? Gold remains above the uptrend line from the June low, but I mean barely. SILVER PRICE is below that uptrend line but above the top-of-the shoulders line of what I believe is an upside-down head and shoulders. Silver's RSI is about to reach "I am REALLY oversold" territory instead of merely "oversold." MACD points down, rate of change is negative. Silver is below its 200 (2351c), 50 (2186c), and 20 DMAs (2175c).

I keep asking myself why it doesn't fall further -- what's holding it up? Answer: somebody is buying, and not many selling. But one way or the other it will pull away from this place, because too much instability and tension lies here.

The GOLD PRICE also stands below all its moving averages, MACD and RoC are negative, RSI is not terribly oversold. What I don't see is some evidence of an imminent reversal. GOLD/SILVER RATIO climbed today to a new high for the move, 62.519. The upmove displays two gaps, so today might mark exhaustion.

Well, sufficient for the day is the trouble thereof. I've been doing this long enough to know that some days you win, and some you lose. Sometimes you get hit in the mouth, and some days you get gold fillings. (that's a touch of my dental philosophy). Just be patient -- the trend is our friend, and the primary trend still points up.

Y'all, I am having a great time hearing what people have to say about At Home in Dogwood Mudhole, Volume 1 and Volume 2. It's enough fun that not even markets can depress me today.

Today probably marked at least a short-term top in stocks. Dow poked its nose over 16,000 (16,030.28) but its nose started bleeding. Dow closed at a new high, but backed off. Ended up at 14.32 (0.9%) at 15,976.02. S&P500 lost 6.65 (0.37%) to 1,791.53. This lower close came after a new intraday high, so is the first half of a key reversal. Fact is, the whole day had that key reversal feel, where optimism suddenly crumbles and flees in panic.

None of that says this is THE top for stocks. It could be, but probably only begins a correction, with the ultimate top in early 2014.

Oddly enough, although the Dow in Gold made a new top by a tiny bit, 1253 against June's 12.514 oz, the Dow in Silver closed at 783.52 oz, 4% from its June high at 816.77 oz. That screams "Non-confirmation!" Watching.

Y'all know I barely trust my own judgment on the US dollar. Oh, I don't mean my long term judgment that the Fed will keep on gutting the dollar until nothing's left. I mean that I find the whole crooked setup so hateful that it clouds my judgment short term. So I read what other analysts have to say, and find that some are expecting a big dollar rally, while others look for the dollar index at 40 or lower. So I reckon I'll have to fall back on myself.

Dollar looked sick today closing down 7.2 basis points (0.9%) to 80.734, falling away from 81 and the 200 day moving average. Dollar hovereth even now right above its 50 DMA at 80.46, and it broke today the little support it had built around 80.90. If this is not the wash-out day that marks the low, the dollar might have a troublesome week. "There will be issues," as they like to say in Washington.

The euro just won't stay down. Rose today 0.7% to $1.3507, but has formed a bearish rising wedge that points to a downside break out. Still, it punched into its 50 DMA today ($1.3535). I just can't see the euro as a dollar competitor. I mean, the crooks and looters in the Fed and in the US Treasury are genuine world class criminals with over 70 years of experience. What are Draghi and the ECB and the regulation- smothered EU compared to experienced global vandals? Newcomers. Amateurs.

Yen rose a little in its ongoing agonizing death. Closed 100.03 cents/Y100, up 0.17%.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 2013, 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 or 18 ounces of silver. or 18 ounces of silver. US $ and 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.

Bull Market for Silver and Gold Prices Has Not Ended

Gold Price Close Today : 1,287.80
Gold Price Close 8-Nov-13 : 1,284.50
Change : 3.30 or 0.3%

Silver Price Close Today : 20.717
Silver Price Close 8-Nov-13 : 21.307
Change : -0.59 or -2.8%

Gold Silver Ratio Today : 62.162
Gold Silver Ratio 8-Nov-13 : 60.285
Change : 1.88 or 3.1%

Silver Gold Ratio : 0.01609
Silver Gold Ratio 8-Nov-13 : 0.01659
Change : -0.00050 or -3.0%

Dow in Gold Dollars : $ 256.22
Dow in Gold Dollars 8-Nov-13 : $ 253.66
Change : $2.56 or 1.0%

Dow in Gold Ounces : 12.395
Dow in Gold Ounces 8-Nov-13 : 12.271
Change : 0.12 or 1.0%

Dow in Silver Ounces : 770.46
Dow in Silver Ounces 8-Nov-13 : 739.75
Change : 30.72 or 4.2%

Dow Industrial : 15,961.70
Dow Industrial 8-Nov-13 : 15,761.78
Change : 85.48 or 0.5%

S&P 500 : 1,798.18
S&P 500 8-Nov-13 : 1,770.61
Change : 7.56 or 0.4%

US Dollar Index : 80.818
US Dollar Index 8-Nov-13 : 81.243
Change : -0.425 or -0.5%

Platinum Price Close Today : 1,437.10
Platinum Price Close 8-Nov-13 : 1,441.10
Change : -4.00 or -0.3%

Palladium Price Close Today : 732.30
Palladium Price Close 8-Nov-13 : 757.35
Change : -25.05 or -3.3%

Pretty hard to makes sense of silver and GOLD PRICES. They disagreed even with each other this week, gold rising 0.3% and silver losing 2.8%.

Today the GOLD PRICE inched up $1.10 to $1,287.30. The SILVER PRICE gained -- get out your jeweler's loupes -- one-half cent to 2071.7c.

Something big and dispositive's gonna happen here. In spite of the last two day's rally, silver and gold prices remained locked in a downtrend, but then at reversals markets are always trending down. Talking to a friend today reinforced an idea that's been working in my mind that both metals might make a surprise turnaround here. Oh, they've turned up for at least a short run, but they have to do better than that. We have to see silver better 2309c and then 2512c before it will redeem itself out of that downtrend. Gold price must beat $1,361.80 and $1,434. But one step at a time.

Y'all, I know I've said this a thousand times, but y'all need to keep hearing it to rinse all that central bank hogwash out of your ears. THE BULL MARKET IN SILVER and GOLD HAS NOT ENDED. NOT ENDED. If the 2011-2013 correction low was not posted in June, we ought to see it by the end of this month. This is not the time to go to sleep. Regardless what the Washington apparatchiki say, the Millennium has not yet arrived.

Dow and S&P500 hit new all time highs today, rising on the strength of Yellen's hot air. Dow gained 85.48 (0.54%) to 15,961.70. S&P500 added 7.56 (0.42%) to 1,798.18.

Yea, write it down in thy book: The Moneychanger is speechless. How could words describe my feelings as I view these numbers, knowing that the entire US economy has been transferred into La-La Land, where numbers mean exactly what we need them to mean, everybody is good-looking, and we ALL feel good about the future. With the economy conquered and tamed, the Fed and the government can now move on to eliminating BO.

New all time highs in the Dow and S&P500 didn't show much in the Dow in Gold and Dow in Silver. They edged up -- DiG rose 0.5%. to 12.399 oz (G$256.32) and the DiS climbed 0.5% to 770.46.

If I was piloting that boat labeled "US Dollar Index" I'd be holding my breath. Dollar Index lost 21 basis points today (0.27%) to 80.818. Long as it stays above 80.75 it will probably keep rising toward 83.

Euro have formed a bearish rising wedge while filling gaps on the chart. Would have to close above its 50 DMA ($1.3530) to change my mind.

'Pears the Nice Japanese Government Men intend to knock their currency down again. Lost 0.12% today to 99.86 cents/Y100. 99.55 was the last low. Break though that throws the yen out of the boat.

Y'all better keep watching those interest rates. They're liable to turn Janet Yellen's legs to jelly if they rise too much. Ten Year treasury note yield rose today 0.26% to 2.709%. Look out, Janet!

Whoa! We weren't expecting Volume 2 of At Home In Dogwood Mudhole to arrive until early December, but a truckload of the new books showed up day before yesterday! Y'all have to help me (and yourselves -- you'll laugh yourself goofy) by buying a copy for yourself and your friends for Christmas. Listen, use the code word "Hogwild" when you order and you save up to $8 in shipping (sorry, not available outside the US). We already have orders from 19 states, New Zealand, and the UK. What's hindering you folks in Minnesota? Alaska? Arizona? Connecticut? Delaware and Florida? Hawaii? Idaho? Indiana, Iowa, Kansas? Louisiana and Maine? Mississippi, Missouri, Montana, Nebraska, and Nevada? What about the News, New Mexico and New York? Oklahoma? What about you folks in the rectilinear states, Utah, South Dakota, and Wyoming? Vermont, Washington, West Virginia? And my favorite yankees up in Wisconsin? I double-dog dare y'all to buy a copy!

Y'all enjoy your weekend!

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 2013, 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 or 18 ounces of silver. or 18 ounces of silver. US $ and 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.

Gold Prices Gained $17.90 to Close at $1,286.20

Gold Price Close Today : 1286.20
Change : 17.90 or 1.41%

Silver Price Close Today : 20.712
Change : 0.280 or 1.37%

Gold Silver Ratio Today : 62.099
Change : 0.025 or 0.04%

Silver Gold Ratio Today : 0.01610
Change : -0.000007 or -0.04%

Platinum Price Close Today : 1442.30
Change : 12.10 or 0.85%

Palladium Price Close Today : 739.40
Change : 4.40 or 0.60%

S&P 500 : 1,790.62
Change : 8.62 or 0.48%

Dow In GOLD$ : $255.16
Change : -$2.71  or -1.05%

Dow in GOLD oz : 12.343
Change : -0.131 or -1.05%

Dow in SILVER oz : 766.52
Change : -7.83 or -1.01%

Dow Industrial : 15,876.22
Change : 54.59 or 0.35%

US Dollar Index : 81.040
Change : 0.200 or 0.25%

The GOLD PRICE re-claimed $17.90 to $1,286.20, Silver gained 28 cents from yesterday's Comex close and ended today at 2071.2c.

For the GOLD PRICE, Tuesday left a V-bottom and then most of those gains came after closing yesterday. V-bottom and rise above $1,280 give birth to hopes of higher prices tomorrow. $1,300 will offer stiff resistance. Don't get lost in the forest. Gold still needs to close above $1,362 to qualify for a rally. However, last two day's trading left that keyhole on the chart that usually is followed by at least some rally. RSI has turned up but not yet the MACD.

The SILVER PRICE three day chart shows an upside-down head and shoulders with a neckline about 2090c. If silver clears that, it will rally above 2100c to the 2120c area where it broke down on Tuesday. All the hedging, qualification, dodging, and weaving applied to gold above also applies to silver. Nothing solid happens till it surpasses 23.09, the last high.

One last thing: GOLD/SILVER RATIO fell today to 62.099, so there are a few hopeful threads blowing in gold and silver's winds, but no kind of proof yet.

Today all was right in the world. Janet Yellen, Hed Fed Parasite-to-be spoke to the senate confirmation committee and announced she would keep the money presses running although sometime in the future, sometime, the Fed might taper. Maybe.

In our Looney-Tunes world, this advance announcement that the Fed will depreciate the Dollar caused the dollar to rise, interest rates to fall (more logical, as it means more ZIRP), and stocks to rise, although inflation cripples the economy. Makes me so happy I could just drool and loll my head.

But more interesting things happened as well.

Start with stocks. Dow and S&P500 hit new all-time highs again today (ho-hum). Dow augmented 54.59 (0.35%) to 15,876.22 while the S&P500 swelled 8.62 (0.48%) to 1,790.62.

I understand the jubilatin' on Wall Street is gin'ral, but forgive me if I forbear. A market that shows a long, steep rise, then throws over its upper trading channel boundary and two new highs in as many days -- well, it might go higher, but you also might roll seven two times running, too. Still, all three Dow indices are lined up rising, and that's supposed to be a good sign, so why should it bother me that the MACD and RSI are so high?

I was more interested to see that on a day when these stock indices hit new highs, the Dow in Gold and Dow in Silver turned down. I'm so boring I pay attention to stuff like that. Y'all ought to see my dust-bunny collection.

Dow in gold lost 1.05% to 12.343 oz (G$255.16) and right in step (pari passu, as the Roman might say) the Dow in Silver lost 1.01% to 766.52 oz. This is little bitty stuff, but both are most overbought on the RSI they've been since the June metals' lows /Dow in Metals highs. I wish I wasn't such a durned natural born Tennessee fool so I could figure out what this means.

US DOLLAR INDEX gained 20 basis points (0.25%) to close above 81 at 81.04. That doesn't near about raise it out of correction territory. It needs to climb over 81.50 for that.

Meanwhile the euro lost 0.19% to $1.3463. Looks like the Kryptonite at the 62 DMA made it melt. Small chance it might turn up would be proven by a close above the 20 DMA at $1.3597. Not likely.

Yen gapped down today, a total of 0.68% to 100.05 cents per Y100. Much as it stretches your imagination, it might fall past the last low and sink to the earth's core here. It appears that all the world's central bank criminals have discovered they can raise their stock markets by depreciating their currencies, and they are as excited about that as a hookworm at a barefoot dance. Y'all know this exercise adds no value to stocks, benefits a few insiders, and for the nation does no more than taking change out of one pocket and putting it in another, then claiming you're richer.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 2013, 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 or 18 ounces of silver. or 18 ounces of silver. US $ and 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.

The Gold Price is Up $16 in the Aftermarket

Gold Price Close Today : 1268.30
Change : -9.90 or -0.77%

Silver Price Close Today : 20.432
Change : -0.336 or -1.62%

Gold Silver Ratio Today : 62.074
Change : 0.528 or 0.86%

Silver Gold Ratio Today : 0.01611
Change : -0.000138 or -0.85%

Platinum Price Close Today : 1430.20
Change : 7.20 or 0.51%

Palladium Price Close Today : 735.00
Change : -12.20 or -1.63%

S&P 500 : 1,782.00
Change : 14.31 or 0.81%

Dow In GOLD$ : $257.87
Change : $ 3.14 or 1.23%

Dow in GOLD oz : 12.475
Change : 0.152 or 1.23%

Dow in SILVER oz : 774.36
Change : 15.94 or 2.10%

Dow Industrial : 15,821.63
Change : 70.96 or 0.45%

US Dollar Index : 80.972
Change : -0.164 or -0.20%

That's odd -- silver and GOLD PRICES are up strongly (+28 cents and + $16) in the aftermarket. At Comex close the GOLD PRICE had lost $2.80 to $1,268.30. The SILVER PRICE had yielded 33.6 cents to 2043.2c.

A word about these "closes." Comex opens about 8:30 Eastern time and closes at 1:30 Eastern. Once upon a time it was the only daytime game in the US, but now gold is a 24-hour around the globe market. After Comex closes the electronic Globex market opens in the US, so the Comex close is merely a snapshot, and not always a well-focused snapshot at that.

Here in the aftermarket the gold price has risen to $1,283.40 and silver to 2070c. For silver that roughly, for gold more than, makes up yesterday's losses. I mention this only because both are tap-dancing around that uptrend line from June. That hints they might be catching a grip here. Tomorrow will tell.

Both the Dow Jones Industrial Average and the S&P500 made new all-time highs today, up 70.96 to 15,821.63 (+0.45%) and up 14.31 (0.81%) to 1,782. I reckon they are a perpetchul mo-shun mo-sheen run on the vapors of money creation.

Here's a little conundrum I'm puzzling over. Dow in Gold actually fell today if you look at the End Of Day price. Ended down 0.8% at 12.34, against 12.447 yesterday and 12.514 at the June low. RSI is overbought.

More conundrum: while the Dow in Gold floats near its June high, the Dow in Silver doesn't. It rose today 0.89% to 768.04 oz, against an 816.77 oz June high. If both indicators wanted to double top, this would be the place to do it.

Over the last three days the Gold:Silver Ratio has moved from 60.217 to 62.074, a breakout over resistance and a discouraging sign for silver and gold. When both metals are rallying, that ratio ought to trend down.

Tomorrow Janet Yellen, Obama's nominee to succeed Ben Bernanke as Head Criminal at the Federal Reserve, talks to the senate confirmation committee. A Reuters news report said that the dollar fell "on expectations that [Yellen's] remarks will underscore the Fed's accommodative posture." Great, that's logical, but why didn't that happen after the last FOMC meeting when the Head Goofs said they would continue "accommodating"? Printing $85 bn in new money every month and calling it "accommodating" is like calling adultery "snuggling." These people all warp the language because they don't want you to know what their words mean.

Dollar index fell 0.21% or 16.4 basis points to 80.972. Technically that doesn't signify much, since the dollar has been rallying sharply since late October and is due for a corrective rest. Now if it fell below the 50 DMA at 80.54, it might mean something.

Euro took advantage of dollar giddiness to advance 0.38% to $1.3487. Lo, once again, it signifieth nothing. Euro has now climbed to the 62 day moving average and filled chart gaps left behind when gravity took over last week. I might respect it over the 50 DMA ($1.3517), but not here. Come to think of it, it would have to rise nearly to $1.3600 before I respected it.

Yen rose 0.35% to 100.76 cents per Y100. Somebody remind me again why we look at this thing? Nothing ever happens. Clearly the Japanese Nice Government Men are controlling it tightly.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 2013, 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 or 18 ounces of silver. or 18 ounces of silver. US $ and 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.

Today the Gold Price Lost $9.90 to Close at $1,271.10

Gold Price Close Today : 1271.10
Change : -9.90 or -0.77%

Silver Price Close Today : 20.768
Change : -0.504 or -2.37%

Gold Silver Ratio Today : 61.205
Change : 0.985 or 1.64%

Silver Gold Ratio Today : 0.01634
Change : -0.000267 or -1.61%

Platinum Price Close Today : 1437.80
Change : 7.20 or 0.50%

Palladium Price Close Today : 741.85
Change : -12.20 or -1.62%

S&P 500 : 1,767.69
Change : -4.20 or -0.24%

Dow In GOLD$ : $256.15
Change : $ 1.46 or 0.57%

Dow in GOLD oz : 12.391
Change : 0.070 or 0.57%

Dow in SILVER oz : 758.41
Change : 16.44 or 2.22%

Dow Industrial : 15,750.67
Change : -32.43 or -0.21%

US Dollar Index : 81.090
Change : 0.016 or 0.02%

What do we know? Both silver and GOLD PRICES have been trending down since mid-August. They made a break for the old highs in November, and failed wretchedly. Not enough buyers.

I've been watching the uptrend on both the silver and gold price charts. Today the GOLD PRICE lost $9.90 (0.8%) to close at $1,271.10, smack on that uptrend line. The SILVER PRICE pierced the line and closed below it. About the only thing that might create optimism is that both have been falling four days, and today was the largest fall for silver. That argues for at least a small bounce.

I've thought over this some much I feel like I've got steel ball-bearings bouncing around in my empty skull. Here's what it boils down to: if simply printing new money can really float the stock market up forever and hold together an economy riddled with debt-induced mal-investment WHILE the dollar RISES and interest rates are kept near zero, then the Elite and their central bankers have repealed the economic law of gravity, and I don't know sic 'em from come here. In fact, I'm even stupider than I thought I was.

Something in my nature screams and wails like a banshee at the thought that Our Masters have repealed, nay, co-opted reality to their will -- call it my unshakeable, foundational conviction that sooner or later justice will be done, that reality will have its revenge. If that's not so, then I'll just lie down here in this ditch by the side of the road and let y'all cover me up. I'll go quietly.

In the meantime, I'm gonna stay in the boat I came in. I'll keep taking this beating a little longer, because I know (if any history teaches anything) that this bubble will blow up, and that silver and gold prices will begin rallying again.

I'm Scotch-Irish. We put up with the English for 100s of years, then Indians, then yankees, hookworm, pellagra, boll weevils, and sharecropping landlords, and we're still here. If we can't beat Our Masters any other way, we'lll outlast 'em.

Stocks stumbled today. Dow lost 32.43 (0.21% to 15,750.67. S&P500 lost 0.24% (4.2) to 1,767.69. If they can go higher from here, they'll go a lot higher. However, it seems more likely from the charts that a correction lies before them.

The Dow in Silver is literally at the upper limit of its downtrend line, Dow in Gold slightly above the same. If they don't turn down soon, they will be signaling more pain for silver and gold investors.

US dollar index gained a huge 1.6 basis points today and ended at 81.09. Stalled here below 81.50. Whole world it seems, is expecting a dollar rally. Maybe so.

Yen is flat lining just above 100 cents. Closed today down 0.47% to 100.34. Euro rose today to fill a gap, up 0.21% to $1.3435.

Just hang on to your gold and silver. Be calm. Keep your eyes on the horizon, not on the shell game right in front of you. The end of this correction is near.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 2013, 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 or 18 ounces of silver. or 18 ounces of silver. US $ and 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.

The Gold Price Closed Down $3.50 at $1,281

Gold Price Close Today : 1281.00
Change : -3.50 or -0.27%

Silver Price Close Today : 21.272
Change : -0.035 or -0.16%

Gold Silver Ratio Today : 60.220
Change : -0.065 or -0.11%

Silver Gold Ratio Today : 0.01661
Change : 0.000018 or 0.11%

Platinum Price Close Today : 1430.60
Change : -10.50 or -0.73%

Palladium Price Close Today : 754.05
Change : -3.20 or -0.42%

S&P 500 : 1,771.89
Change : 1.28 or 0.07%

Dow In GOLD$ : $254.70
Change : $ 1.04 or 0.41%

Dow in GOLD oz : 12.321
Change : 0.050 or 0.41%

Dow in SILVER oz : 741.97
Change : 2.22 or 0.30%

Dow Industrial : 15,783.10
Change : 21.32 or 0.14%

US Dollar Index : 81.089
Change : -0.149 or -0.18%

Not much happened in markets today but it was not too light a day for SOMEBODY to miss trashing silver and GOLD PRICES in London. Every day is a good day for that. The GOLD PRICE close down $3.50 at $1,281 after a $1,279.21 low. Silver closed Comex down 3.5 cents at 2127.2 after a 2122.7c low.

The SILVER PRICE is drawing close to that drop-dead uptrend line about 2100c, and gold toward the same about $1,260. Looks like lower prices are coming.

Let's suppose the Fed does taper, slow down its $85 billion a month asset purchases. What next? To whom will they sell all those assets on that bloated balance sheet? Answer: Nobody. They can't do it without overwhelming the market and deflating the money supply. Hence, they won't.

And like the first swallow at Capistrano, or the first rat running down the mooring line off the ship to the dock, I read today that British Columbia just floated a bond issue denominated in yuan to raise 2.5 bn yuan (about US$400 million).

One of the most frequently heard retorts whenever I doubt the dollar's future out loud is "But the dollar is the world's reserve currency! The dollar will always be the reserve currency!" I may not be crazy after all. By the way, the translation of that retort is, "That's too scary to think about so I will just ignore it and suppress the horrible truth."

Not much point in trying to infer anything from today's trading. Even though markets were open (doors of the temple of Mammon and Greed must always remain open for its worshippers) a holiday in the US and London trimmed trading to a minimum.

Stocks crept up. Dow gained 21.32 (0.14%) to 15,783.1. S&P500 inched ahead 1.28 (0.07%) to 1,771.89. Both may be rolling over.

US dollar index lost 14.9 basis points (0.19%) to 81.089. Still trending up, could reach 83, IF it can breach its 200 DMA at 81.80.

Euro has lots further to fall. Rose 0.31% today to $1.3413, but with the ECB dropping interest rates and the market (not the Fed, who factually controls little more than their own mouth but want to make you believe they control everything) is raising interest rates in the US, euro has no reason to rise against the buck.

Yen lost 0.15% to 100.81 cents/Y100. Eventually those in charge in Japan will wreck the Japanese economy, if they just keep working at it with poisonous monetary policy.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 2013, 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 or 18 ounces of silver. or 18 ounces of silver. US $ and 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.

Silver and Gold Prices Closed Down this Week with the Gold Price Closing at $1,284.50

Gold Price Close Today : 1,284.50
Gold Price Close 1-Nov-13 : 1,313.10
Change : -28.60 or -2.2%

Silver Price Close Today : 21.307
Silver Price Close 1-Nov-13 : 21.804
Change : -0.497 or -2.3%

Gold Silver Ratio Today : 60.285
Gold Silver Ratio 1-Nov-13 : 60.223
Change : 0.06 or 0.1%

Silver Gold Ratio : 0.01659
Silver Gold Ratio 1-Nov-13 : 0.01660
Change : -0.00002 or -0.1%

Dow in Gold Dollars : $ 253.66
Dow in Gold Dollars 1-Nov-13 : $ 245.83
Change : $7.83 or 3.2%

Dow in Gold Ounces : 12.271
Dow in Gold Ounces 1-Nov-13 : 11.892
Change : 0.38 or 3.2%

Dow in Silver Ounces : 739.75
Dow in Silver Ounces 1-Nov-13 : 716.18
Change : 23.57 or 3.3%

Dow Industrial : 15,761.78
Dow Industrial 1-Nov-13 : 15,615.55
Change : 146.23 or 0.9%

S&P 500 : 1,770.61
S&P 500 1-Nov-13 : 1,761.64
Change : 8.97 or 0.5%

US Dollar Index : 81.243
US Dollar Index 1-Nov-13 : 80.723
Change : 0.520 or 0.6%

Platinum Price Close Today : 1,441.10
Platinum Price Close 1-Nov-13 : 1,449.40
Change : -8.30 or -0.6%

Palladium Price Close Today : 757.35
Palladium Price Close 1-Nov-13 : 737.70
Change : 19.65 or 2.7%

It was an aching week for silver and GOLD PRICES, while the US dollar and stocks rather enjoyed it. No market seems to have changed its mind this past week, except maybe bonds, but looks can deceive.

The GOLD PRICE lost 1.8% today ($23.90), falling to $1,284.50. Silver lost "only" 1.5% or 33.2 cents, ending at 2130.7c.

The rising trend line from the gold price $1,179.40 June low through the October $1,251 low now becomes the next target. Today that line hits about $1,265. If that doesn't hold, look at $1,180 again.

The SILVER PRICE rising trend line from the same bottoms lies today a little above 2100c. Below that, 2000c might catch, or 1900c.

To gainsay this gloomy outlook the gold price needs to close suddenly above $1,330 and the silver price above 2300c.

Both silver and gold prices have a seasonal tendency to post lows in September. Two years out of the last 14, gold has made its yearly low in November. But not once in all that time is there a December low. Lots in January.

The long bull market for the silver and gold prices has NOT ended. All the ingredients are in place to send them into their next rally. Y'all will swallow hard and swear I'm a lunatic, but you'd better use these declines as opportunities to buy more. Watch close. Stay calm. The federal government and the Federal Reserve are both on gold and silver's side.

US dollar index gained 38.7 basis points today (0.5%), climbing at last over the fence at 81. Next test for the dollar is, "Can you climb through the 200 DMA (81.78)?" It appears so. Dollar will reach for 83.00 if it bursts through the 200 DMA.

Euro lost another 0.43% today and ended at $1.3360. Bottom is dropping out. Once it crosses the 200 DMA at $1.3230 its fall will accelerate.

Yen yesterday made a strange, huge move from down to up, then reversed most of that today. Lost 1.05% to end at 100.87. NGM must be nervous, and getting sloppy, letting the yen trade like that.

US 10 year treasury note yield rose sharply today (=bond prices fell) and closed at 2.746, up 5.09% and above its 50 DMA (2.689%). Dollar rose, bonds fell? The kept and clueless media laid the blame on a better than forecast unemployment report today. They "reason" that the good unemployment report fueled speculation that the fed might taper sooner than expected. Beneath all this lies a deep anxiety that the bond bubble Ben Bernanke blew up with his Zero Interest Rate Policy might be bursting. The 10 year note broke (as did the 30 year) in June of this year. Although they have recovered some across the fall, the end and further fall shows in the chart. When this bubble bursts in earnest, they'll be playing "Hell Broke Loose in Georgia" in the bond market.

Despite strength today, I reckon stocks next week will drop after their long rise. This will be sharp and raise blisters on your eye-balls, but shouldn't carry too far. One more rise left in stocks yet. These big moves that slam and lurch from side to side show confusion, not strength. Dow today ended up 167.80 (down 152.90 yesterday) at 15,761.78. S&P500 gained 23.46 or 1.34% today after losing 23.34 yesterday. Ended at 1,770.61.

Last few days have sent the Dow in Gold and Dow in Silver much higher. I have to infer (absent a big drop contradicting) they are headed for those June highs at 12.514 oz and 816.77 oz. Ended today at 739.40 oz and 12.27 oz. Catches my eye that the Dow in Silver has not regained nearly as much territory as the Dow in Gold, showing silver is stronger against stocks than gold. Another inference from this chart guesses that silver and gold may drop toward their June lows, but silver will stop higher than June.

Y'all enjoy your weekend!

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 2013, 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 or 18 ounces of silver. or 18 ounces of silver. US $ and 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.

Silver and Gold Prices Held Support with the Gold Price Closing at $1,308.40

Gold Price Close Today : 1308.40
Change : -9.30 or -0.71%

Silver Price Close Today : 21.639
Change : -0.107 or -0.49%

Gold Silver Ratio Today : 60.465
Change : -0.130 or -0.21%

Silver Gold Ratio Today : 0.01654
Change : 0.000036 or 0.22%

Platinum Price Close Today : 1455.00
Change : -10.60 or -0.72%

Palladium Price Close Today : 758.60
Change : -5.70 or -0.75%

S&P 500 : 1,747.15
Change : -23.34 or -1.32%

Dow In GOLD$ : $246.37
Change : $ (0.66) or -0.27%

Dow in GOLD oz : 11.918
Change : -0.032 or -0.27%

Dow in SILVER oz : 720.64
Change : -3.49 or -0.48%

Dow Industrial : 15,593.98
Change : -152.90 or -0.97%

US Dollar Index : 80.850
Change : 0.360 or 0.45%

What did the silver and GOLD PRICES do today? Well, for all the bubbling and bloviating about the higher dollar, they did no more than fall back to the bottom of the same range they've been trading in for more than a week.

Think about those stock index losses today when you consider that silver fell only 0.5% or 10.7 cents to 2163.9 while the GOLD PRICE fell 0.7% or $9.30 to $1,308.40.

Do those numbers sound familiar? Well, I'll be durned. The gold price gained $9.70 yesterday, and lost $9,30 today, and closed near $1,308 again. The SILVER PRICE lost 10.7c today and gained 13.2c yesterday, and is right hear around 2160c again.

But take this home: they did not break that support today. They held. Both did sort of puncture my uptrend line, but closed right at it. Pretty good, all things considered.

All this monetary folly, this criminal lunacy, will not end well. It's liable to break out in a hyperinflation, and whatever happens the US government will default and after the dust settles, the dollar won't be the reserve of anything anymore.

Only protection I know is to convert US dollars to silver and gold. But what do I know? I'm only a natural born durn'd fool from Tennessee. What am I compared to all them Harvard and New York smarties that have never turned a peg or earned a paycheck a day in their lives? Why, I'm so durned ignerunt I can't even understand how they make anvils fly.

Every time I look at the stock market, I feel like a tee-totaling celibate at a Roman orgy: I just don't see nothing that interests me.

Yesterday I mentioned that the stock index choir was singing out of tune, Dow making new highs and other indices down. Well, today they puked all over their choir robes, to wit:

Dow lost 152.90 or 0.97% to 15,593.98

S&P500 lost 23.34 or 1.32% to 1,747.15

Nasdaq lost 74.62 or 1,90% to 3,857.33

Nasdaq 100 lost 63.97 or 1.89% to 3,321.41

Russell 2000 lost 19.54 or 1.78% to 1,079.09.

Wilshire 5000 lost 276.11 or 1.47% to 18,548.79.

You all can brag about your outsized stock gains and all the pointy-shoe types on Wall Street can puff out their chests, but this market is floating on hot money, not economic outlook, and is as nervous as a lame mouse at a cat convention. And it will probably get worse tomorrow.

Andith the twisted logic of a basement full of mouth-foaming, hair-tearing lunatics, reported US GDP rose today and sent the dollar shooting up. Now think about that: back in July the yankee government announced it was "revising" the way it figures GDP, which being translated is, "we're jimmying the numbers so you oafs won't realize how badly we are shafting you." There's only one way you can tell a government spokesman is lying: are his lips moving? GDP numbers have now become as deceptive and meaningless as unemployment numbers or government deficit projections or Viet Nam war casualty reports.

Anyway, the press spun it this way: if GDP improves, the Fed can "taper" sooner and stop injecting so much hot new money. Tennessee hogwash. They've got the stock market and economy so addicted to Quantitative Easing right now there's no way they can stop. No way. Remember, I said it, and you can quote me. Write it on the wall, hoping you can get to rub my nose in it later. You won't.

The very thought of Fed tapering today gave the entire stock market world the wastebasket heaves.

Add to this panic the ECB which lowered its interest rate today to a number nearer zero than it already was: 0.25%. Dollar index jumped to 80.85, up 36 basis points or 0.45%, and it pushed the euro off a cliff. Literally. Euro dropped 0.73% to $1.3416, headed for its 200 Dma ($1.3231) and further infamy and humiliation. After all, the Europeans have the world's second most over-indebted and putrescent economy and most rotten banks (after Japan), and their currency now pays no more interest than the US dollar. What I can't parse because there's something I'm not seeing is that the yen reversed mightily upward, gaining 0.61% to 101.96 cents/Y100, with a high not far from the 102.60 200 DMA. I don't know what drove the yen higher and I don't care, since I wouldn't buy yen with YOUR money.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 2013, 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 or 18 ounces of silver. or 18 ounces of silver. US $ and 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.