Friday, November 15, 2013

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

© 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.