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Thursday, March 28, 2013

The Gold Price Lost $11.40 for the Week Closing Today at $1,594.80

Gold Price Close Today : 1,594.80
Gold Price Close 22-Mar-13 : 1,606.20
Change : -11.40 or -0.7%

Silver Price Close Today : 28.29
Silver Price Close 22-Mar-13 : 28.67
Change : -0.37 or -1.3%

Gold Silver Ratio Today : 56.369
Gold Silver Ratio 22-Mar-13 : 56.032
Change : 0.34 or 0.6%

Silver Gold Ratio : 0.01774
Silver Gold Ratio 22-Mar-13 : 0.01785
Change : -0.00011 or -0.6%

Dow in Gold Dollars : $ 188.97
Dow in Gold Dollars 22-Mar-13 : $ 186.77
Change : $2.20 or 1.2%

Dow in Gold Ounces : 9.141
Dow in Gold Ounces 22-Mar-13 : 9.035
Change : 0.11 or 1.2%

Dow in Silver Ounces : 515.29
Dow in Silver Ounces 22-Mar-13 : 506.25
Change : 9.04 or 1.8%

Dow Industrial : 14,578.54
Dow Industrial 22-Mar-13 : 14,512.03
Change : 66.51 or 0.5%

S&P 500 : 1,569.19
S&P 500 22-Mar-13 : 1,556.89
Change : 12.30 or 0.8%

US Dollar Index : 82.980
US Dollar Index 22-Mar-13 : 82.368
Change : 0.612 or 0.7%

Platinum Price Close Today : 1,571.20
Platinum Price Close 22-Mar-13 : 1,580.70
Change : -9.50 or -0.6%

Palladium Price Close Today : 767.10
Palladium Price Close 22-Mar-13 : 759.75
Change : 7.35 or 1.0%

The GOLD PRICE lost $11.40 to close Comex at $1,594.80. the 1,593.90 low came a bit higher than yesterday's $1,591.45. Those buyers at that low level just won't go away. The GOLD PRICE now has touched the same $1,591 low, and it's beginning to look like an impermeable bottom -- unless it proves not to be.

The SILVER PRICE lost 38.5 cents to 2829.2c. Today's 2820c low makes a double bottom with yesterday's 2813.9c. Today silver did not rise strongly off its low as it did yesterday.

Silver vexed every optimist by falling this week below the 2840c bottom boundary of its 26 trading day range. That's not all bad, since it might mark the end of the correction and preparation for turning up into a rally. That, however, is only my anticipating. Gold broke out of a pennant, rose weakly, and now has rolled over, BUT refuses to close below its 20 DMA ($1,592.39).

For the nonce, central bankers sit in the catbird seat, but their time is short. Unless cause and effect have ceased in this world, the Federal Reserve (which is not "federal" and hath no "reserve" at all) cannot print $85 billion month in and month out without the inflation at some point ballooning prices. More, the entire world monetary system has inflation poisoning bulging out everywhere. And inflation, of course, is what drives the silver and gold markets.

Y'all just be patient. If silver drops below 2800 cents, wait a day and buy some. Ditto for gold below $1,570. Up above, if gold closes through $1,625 and silver through 2950c, buy some.

Parsing this market is almost as easy as milking a ticklish cat. Nothing works exactly as it ought to work, and hints, whispers, and innuendos on the chart keep coming to nothing, or continue senselessly like MacBeth's description of life.

This week silver fell a little, whether for good or ill remains to be revealed. Gold fell too, and is in the same case. Stocks rose modestly, and today the S&P500 finally bested its 1,565.15 high. And proving who is telling the tale, palladium rose this week.

Mayhap I am deceived, but right now I perceive events as a storm circling around the bank bailout/depositor-backstabbing in Cyprus. Whirling around in this storm are exchange rates which the Nice Government Men are at their wits' end, frantically trying to keep the euro from tanking and the US dollar from soaring. Flying by go US bond yields, then stock indices which must not show signs of fear as they fly high. Silver and gold must be pressed down further, bank runs quelled, and meanwhile all the news must be carefully managed to make it appear, "The lark's on the wing/ the snail's on the thorn/Central bankers are in heaven/All's right with the world."

To the point. The US dollar closed today 24.1 basis points higher than this time yesterday, up 0.29% at 82.98. True, it backed away from its over-83 stance, but now appears headed higher anyway as long as it remains above 82.7.

In this Best of All Possible Financial Worlds, the euro sneaked above $1.2818 today, rising 0.30% and -- somebody hopes -- restored hopes murdered by yesterday's plunge through $1.2800. Oh, how suspicious I am, and thus expect to see a lower euro come Easter Monday.

The Yen gained 0.33% to 106.22 cents/Y100. Inscrutable and untouchable, far's I'm concerned.

STOCKS encouraged their cheerleaders today with new highs in the Dow ($14,585.10) and, finally, the S&P500 (1,570.28). It don't get no better than this. Wait? What did I just say? Maybe it doesn't.

Dow gained 52.38 (0.36%) to 14,578.54 and the S&P gained 6.34 (0.41%) to 1569.19, but the chart patterns abide unchanged: megaphone widening out to gobble down investors' hopes, and a market stalled for the last 11 days, unable to make meaningful headway despite the token new tops.

Considering my views on the stock market, y'all can understand why the Federal Reserve won't hire me for the Board of Governors.

Ya'll know that I am watching more closely, as more worthy of attention. the Dow in Gold and the Dow in Silver. Both have stalled, both are tracing out tops, painfully slow. Those tops are also megaphones or Jaws of Death.

Dow in Gold closed at 9.13 oz (G$188.73 gold dollars) but in spite of a new Dow high did not reach a new high. Same holds true for the S&P500 in gold.

Dow in Silver did make a new high today, at 513.87 oz. This brings it up against long term overhead resistance. Could mark the top of the move.

We will be closed tomorrow to observe Good Friday, so I am giving y'all the weekly summary today.
May God bless you all at Easter and always with all Christ's tender mercies.

Y'all enjoy your weekend!

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com
1-888-218-9226
10:00am-5:00pm CST, Monday-Friday

© 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 $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate bubble has burst, primary trend down.

WARNING AND DISCLAIMER. Be advised and warned:

Do NOT use these commentaries to trade futures contracts. I don't intend them for that or write them with that short term trading outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures.

NOR do I recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or another may go up in smoke. Unless you can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary of traps.

NOR do I recommend trading futures options or other leveraged paper gold and silver products. These are not for the inexperienced.

NOR do I recommend buying gold and silver on margin or with debt.

What DO I recommend? Physical gold and silver coins and bars in your own hands.

One final warning: NEVER insert a 747 Jumbo Jet up your nose. No, I don't.



Wednesday, March 27, 2013

The Gold Price Reached a High of $1,607.95 Closing up $10.50

Gold Price Close Today : 1606.20
Change : 10.50 or 0.66%

Silver Price Close Today : 28.577
Change : -0.072 or -0.25%

Gold Silver Ratio Today : 56.206
Change : 0.508 or 0.91%

Silver Gold Ratio Today : 0.01779
Change : -0.000162 or -0.90%

Platinum Price Close Today : 1579.80
Change : 13.80 or 0.88%

Palladium Price Close Today : 767.15
Change : 6.90 or 0.91%

S&P 500 : 1,562.85
Change : -0.92 or -0.06%

Dow In GOLD$ : $186.95
Change : $ 7.50 or 4.18%

Dow in GOLD oz : 9.044
Change : 0.363 or 4.18%

Dow in SILVER oz : 508.32
Change : 0.11 or 0.02%

Dow Industrial : 14,526.16
Change : -33.49 or -0.23%

US Dollar Index : 83.22
Change : 0.349 or 0.42%

Yesterday the GOLD PRICE flopped through $1,600 support and closed at $1,595.70, but today it rose back $10.50 to close at $1,606.20. When a market breaks to new low ground for a move, then recovers, it signals strength. However, gold's recovery blew hot and cold out of both sides of its mouth, since it only reached a high of $1,607.95. However, the GOLD PRICE chart shows that it only went down today and kissed its 20 DMA (1,591.67) before it turned around. Somebody was likely waiting there to buy.

Now all this is not cornbread and buttermilk, better than which it doth not get, but it is right promising.

The SILVER PRICE must delight in torturing us. It dipped down early in the day (about 2:00 a.m. NY time), hit a low at 2813.9 (a new low for the move), but then climbed up above the bottom boundary of the longstanding range to close down only 7.2 cents at 2857.7. That whispers that somebody with deep pockets will buy gladly down around 2800c.

Now remember one must prove motive, means, and opportunity to prove a crime. With the banks on Cyprus opening tomorrow and the whole world jittery and starting to run into US dollars, the Nice Government Men around the world tasked with protecting paper money and bankdom by manipulating metals prices have motive, means, and opportunity to hit gold hard. And as always, it's easier to do that by hitting the thinner, smaller silver market first.

But mercy! I don't know sic 'em from come here. Don't listen to me.

Y'all can do me a big favor. I don't do Facebook or other social networking, but I have set up a Facebook page for my new book, At Home in Dogwood Mudhole. Would you Facebookers do me the favor of visiting http://on.fb.me/YfMj09 and then "Like" and "Share" it with you friends? Many thanks from your social-networking- challenged Moneychanger.

Banks re-open in Cyprus tomorrow. Likely 'twill not be blessed with halcyon, heart-warming scenes. Goofs running Europe, including the Germans, have gone a step too far in stealing the bank bailout money from the depositors instead of the taxpayers. They could start a world-wide bank run. Y'all better get some cash out of your bank, if only a little. Long weekend is coming, and no time governments like to throw surprise parties better than on a long holiday weekend. Best defense is to have your preparations already made before they throw the surprise party.

Friend of mine, a third generation commodity trader, loves to intone, "In the end, everything comes back to physicals."

What does he mean? That the entire futures market is pyramided on a little point of physicals, so in the end it’s the availability of physicals that determines the price. Now that's been vitiated in some markets where "cash settlement" (settlement for cash at market value rather than the underlying commodity), but not in the metals, at least, not yet.

And my little tiny natural born fool's brain keeps working on the premium on US 90% silver coin. Today if I went to buy 'em I'd have to pay $1.85 an ounce at wholesale for the privilege of making them my own. Y'all stop and think now: that is the HIGHEST premium since the 2008 panic drove the premium sky-high, and before that since Y2K in 1999.

You can mumble to me all day about "anomalies," but that says to me that US 90% silver coin, which, unlike bars or silver rounds is no longer produced, is in short supply. So somebody tell me why that premium has kept on climbing since last November? Is it merely 90% holders loathe to part with their coin at these low silver prices? Or is it a signal that the futures silver price (the paper price) is being jimmied with?

I don't know. I'm just a fool watching from the sidelines.

Day before yesterday the Dow eked out a new intraday (not closing!) high at 14,563.75. Behold, an eye-catching non-confirmation. The S&P500's 2007 high hit 1,565.15, yet in spite of all the foam and froth in stocks right now, the much-broader-than-the-Dow S&P500 has only reached 1,564.91, day before yesterday. If I owned stocks, that would leave me biting my nails.

Today the Dow dropped 33.49 (0.23%) to 14,526.16. S&P didn't drop as much, only 0.92 (0.06%) to 1,562.85.

Both indices are stuck right in a sidewise range, having stuck the top boundary of a megaphone pattern. This inspireth not a happy outlook. Makes me think of gravity, and how strong it is, like when you're 11 and you swing off the garage roof on a rope, and it breaks. Knocks the breath out of you and you are pretty sure there for an instant that you will die.

Since I wrote yesterday the US dollar index has jumped 35.9 basis points (0.46%) ABOVE 83 resistance to 83.221. Crossing above that 83 resistance and hanging on speaks loudly. Somebody -- a crowd of somebodies?-- is buying dollars? Parse that with the drop in the 10 year treasury yield, and you get confirmation that scared money is dribbling into US dollars (the yield moves opposite to the bond price, so a dropping yield means a rising price).

Euro broke morale today by punching through $1.2800, ahh, well, it actually GAPPED down. Closed down 0.63% at $1.2773. Mmmm - huh! I wouldn’t want to be working at the ECB tonight.

Yen has made a timid bottom and turned into an even more timid uptrend. Closed today practically flat at 105.89 cents/Y100.

US$1=Y94.44=E0.7829=0.034993 oz Ag=0.006225oz Au.

On 27 March 2013 English King Charles II gave away Bombay to the East India Company. Time would fail me to explain the entire scheme, but using Charles II's mistress, Barbara Villiers, the crony capitalists in the East India Company got a law passed enabling them to export silver out of the kingdom. Why? Because silver traded in India at a much higher rate than gold, let's say, 12:1 instead of England's 15:1 (not the exact figures). Thus the patriotic East India Company would take shiploads of English gee-gaws and silver to India, which bought 25% more gold in India than it bought in England. Back in England they would buy more gee-gaws, bank the gold, and load up the boat with more silver bound for India. By 1697 they had so emptied England of silver that Parliament raised the standard for silverware, from 92.5% sterling to the Brittania standard, 95.8% pure. A few years later when Sir Isaac Newton "reformed" the monetary system, he put England on a de facto gold standard because so little silver was left in England.

And y'all thought corruption began with our congress. Where the corporations are, there will the vultures be also.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com
1-888-218-9226
10:00am-5:00pm CST, Monday-Friday

© 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 $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate bubble has burst, primary trend down.

WARNING AND DISCLAIMER. Be advised and warned:

Do NOT use these commentaries to trade futures contracts. I don't intend them for that or write them with that short term trading outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures.

NOR do I recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or another may go up in smoke. Unless you can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary of traps.

NOR do I recommend trading futures options or other leveraged paper gold and silver products. These are not for the inexperienced.

NOR do I recommend buying gold and silver on margin or with debt.

What DO I recommend? Physical gold and silver coins and bars in your own hands.

One final warning: NEVER insert a 747 Jumbo Jet up your nose. No, I don't.



Tuesday, March 26, 2013

The Silver and Gold Price Remain Locked in Range Gold Closed Above it's 20 Day Moving Average

Gold Price Close Today : 1595.70
Change : -8.80 or -0.55%

Silver Price Close Today : 28.644
Change : -0.141 or -0.49%

Gold Silver Ratio Today : 55.708
Change : -0.033 or -0.06%

Silver Gold Ratio Today : 0.01795
Change : 0.000011 or 0.06%

Platinum Price Close Today : 1566.00
Change : -16.90 or -1.07%

Palladium Price Close Today : 759.60
Change : 4.05 or 0.54%

S&P 500 : 1,563.77
Change : 12.08 or 0.78%

Dow In GOLD$ : $188.62
Change : $ 7.50 or 4.14%

Dow in GOLD oz : 9.124
Change : 0.363 or 4.14%

Dow in SILVER oz : 508.30
Change : 6.38 or 1.27%

Dow Industrial : 14,559.65
Change : 111.90 or 0.77%

US Dollar Index : 82.87
Change : 0.017 or 0.02%

The silver and GOLD PRICE remain locked in a range, with no relief sighted today. Gold did close above its 20 day moving average (1591.14), that is, when it fell did not fall that far. Lost $8.80 to close at $1,595.70. We'll see tomorrow whether those folks who have been willing to buy so much at $1,595 are still willing. The GOLD PRICE closed one thin dime above its low today.

The SILVER PRICE lost 14.1 cents today and closed Comex at 2864.4c, toward the bottom of its 2850c - 2950c trading range. Low today came at 2861c.

Break of the range lows here would carry gold to $1,550 - $1,560 and silver to 2700 cents, perhaps. Why metals continue to struggle so with the world banking system picking depositors' pockets, and Europe a melting façade, I haven't a clue. Sooner or later, reality will assert itself, with a vengeance. Of course, if I were the Nice Government Men, I'd be hammering silver and gold for all I was worth lest they run away upside and stampede the lemmings.

Stocks rose again today. Dow gained 111.90 (0.77%) to 14,559.65. S&P marched right in step, up 12.08 (0.78%) to 1,563.74. S&P500 still hasn't reached that 2007 high. Do not give in to Wall Street's siren song. This will end badly.

Dow in gold is still rolling over, but jumped up today, but Dow in silver remained about the same.

Currencies? Who cares? It's all a lying Potemkin village put on to delude the victims, namely, us.

US dollar index was flat, gaining 1.7 basis points to 82.872. Euro rose 0.05% to $1.2861 (nothing) while the Yen gave back 0.33% to close 105.89.

I don't mind telling y'all, I am nervous, and not about metals but about the financial system. Clownish and arrogant Europeans have flashed a signal worldwide warning depositors to run on their banks. What if they do? US currency in circulation is less than $1,000 per head. How can an economy run on that? It can't. What a mess.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com
1-888-218-9226
10:00am-5:00pm CST, Monday-Friday

© 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 $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate bubble has burst, primary trend down.

WARNING AND DISCLAIMER. Be advised and warned:

Do NOT use these commentaries to trade futures contracts. I don't intend them for that or write them with that short term trading outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures.

NOR do I recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or another may go up in smoke. Unless you can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary of traps.

NOR do I recommend trading futures options or other leveraged paper gold and silver products. These are not for the inexperienced.

NOR do I recommend buying gold and silver on margin or with debt.

What DO I recommend? Physical gold and silver coins and bars in your own hands.

One final warning: NEVER insert a 747 Jumbo Jet up your nose. No, I don't.



Monday, March 25, 2013

Gold Price Lost $1.60 Closing at $1,604.50 Silver Rose 11.9 Cents

Gold Price Close Today : 1604.50
Change : -1.60 or -0.10%

Silver Price Close Today : 28.785
Change : 0.119 or 0.42%

Gold Silver Ratio Today : 55.741
Change : -0.287 or -0.51%

Silver Gold Ratio Today : 0.01794
Change : 0.000092 or 0.52%

Platinum Price Close Today : 1582.90
Change : 1.30 or 0.08%

Palladium Price Close Today : 755.55
Change : -4.20 or -0.55%

S&P 500 : 1,551.69
Change : -5.20 or -0.33%

Dow In GOLD$ : $186.14
Change : $ 7.50 or 4.20%

Dow in GOLD oz : 9.005
Change : 0.363 or 4.20%

Dow in SILVER oz : 501.92
Change : -4.33 or -0.85%

Dow Industrial : 14,447.75
Change : -64.28 or -0.44%

US Dollar Index : 82.89
Change : 0.658 or 0.80%

The GOLD PRICE broke out of its pennant 10 days ago. Today it traded as low as its 20 DMA, but bounced smartly off that. Somebody remains ready to buy below $1,600, anywhere.

Since late February the GOLD PRICE has traded from $1,619.70 to $1,560.40. Until it punches through $1,620 above or through $1,560 below, the trading is mostly noise.

When the SILVER PRICE popped up above resistance last Thursday, I thought we had a winner. Next day, though, somebody sat on it hard, driving it to the bottom of its 2950c - 2850c range. When a market is range trading, you can only watch and either buy the upside breakout or watch a downside breakout for a place to buy. Inside the range there's nothing to do but sit.

Today silver rose 11.9 cents to 2878.5c. Gold lost $1.60 to $1,604.50. What's interesting is that gold was driven down to a $1,591.38 low today about the time Comex opened (surprise!) but refused to remain below $1,600.

But how long can you wait? Risk from here for gold reaches to $1,530 at most, about 4.6% below here. But Cyprus has me thinking how much I prefer gold or silver in hand, even if I paid too much for it too soon, to electrons in a bank. But then, I am only a suspicious natural born fool from Tennessee.

The "solution" to the Cyprus crisis, like all the rest of the "solutions," is wet cardboard screen. Poke your finger at it and it goes right through.

Under the plan the banks/government would steal only the "rich" people's money. The two biggest banks will be closed, one temporarily, one permanently. Depositors with more than E130,000 ($167,000) will "face significant losses." Since the plan must raise E4.2 billion, I reckon they'll lose all of it. Meantime, their accounts are frozen until it can be sorted out. Central bank has limited cash withdrawals even from ATMs, to E100 (US$130)

As I have already noted, this may be the shot at the Archduke in Sarajevo. Certainly, it changes everything, because to bail out the banks, instead of bailing them out indirectly by stealing the money from taxpayers, now they will bail them out directly, by stealing from the depositors.

If you think your own government and the banks won't do the same to you in America, you haven't got the brains God gave a screwdriver.

If you want to find out roughly how insolvent your own bank is, go to www.banktracker.msnbc.msn.com/banks/ and find your bank. Eventually you'll get a graph that compares your bank's Troubled Asset Ratio with the national median Whoa, there! "Median," not "average." Median is the dead middle when you line up every bank. If your bank's Troubled Asset Ratio (loans that aren't paying) is lots higher than the national median, or higher than other banks in your area, you might want to think about changing banks, whether they'll give you a new toaster or not.

Stock markets didn't buy into the latest Cyprus bailout. Dow lost 64,28 (0.44%) to 14,447.75 while the S&P500 lost 5.2 (0.33%) to 1,551.65.

This leaves stocks trapped in sideways range the last seven trading days while gravity remains merciless. Stocks may rise higher, but this will end badly, probably before year-end at latest.

The Dow in Gold fell today, although it popped up early in the day. Closed at 9.00 oz (G$186.05), barely below the 20 DMA at 9.01 oz.

Dow in Silver has not rolled over as dramatically, but is stalled. Closed today at 502.71 oz, down 0.49%. It's fixing to fall.

Cyprus bailout didn't help the euro any more than it helped Cypriot banks. Euro fell 1.08%, and lodged beneath its 200 Day Moving Average ($1.2861) at $1.2853. The plunge hasn't ended yet and won't before $1.2625, most likely.

Yen benefited, rose 0.34% to 106.20 cents/Y100. That is above the 20 DMA (105.74) and right at resistance. But who would buy a currency that has announced a deliberate depreciation?

Uptrend in the US dollar index is being kept alive only by the Cyprus crisis. It's only distinction lies in being the prettiest corpse in the morgue.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com
1-888-218-9226
10:00am-5:00pm CST, Monday-Friday

© 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 $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate bubble has burst, primary trend down.

WARNING AND DISCLAIMER. Be advised and warned:

Do NOT use these commentaries to trade futures contracts. I don't intend them for that or write them with that short term trading outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures.

NOR do I recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or another may go up in smoke. Unless you can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary of traps.

NOR do I recommend trading futures options or other leveraged paper gold and silver products. These are not for the inexperienced.

NOR do I recommend buying gold and silver on margin or with debt.

What DO I recommend? Physical gold and silver coins and bars in your own hands.

One final warning: NEVER insert a 747 Jumbo Jet up your nose. No, I don't.



Friday, March 22, 2013

The Gold Price Climbed $13.60 this Week Closing at $1,606.10

Gold Price Close Today : 1,606.10
Gold Price Close 15-Mar-13 : 1,592.50
Change : 13.60 or 0.854%

Silver Price Close Today : 28.70
Silver Price Close 15-Mar-13 : 28.817
Change : -0.117 or -0.406%

Gold Silver Ratio Today : 55.97
Gold Silver Ratio 15-Mar-13 : 54.537
Change : 1.433 or 2.648%

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
1-888-218-9226
10:00am-5:00pm CST, Monday-Friday

© 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 $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate bubble has burst, primary trend down.

WARNING AND DISCLAIMER. Be advised and warned:

Do NOT use these commentaries to trade futures contracts. I don't intend them for that or write them with that short term trading outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures.

NOR do I recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or another may go up in smoke. Unless you can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary of traps.

NOR do I recommend trading futures options or other leveraged paper gold and silver products. These are not for the inexperienced.

NOR do I recommend buying gold and silver on margin or with debt.

What DO I recommend? Physical gold and silver coins and bars in your own hands.

One final warning: NEVER insert a 747 Jumbo Jet up your nose. No, I don't.



Thursday, March 21, 2013

The Gold Price Up at $1,613.80 and Silver to the Stratosphere Rising 1.38 Percent

Gold Price Close Today : 1613.80
Change : 6.30 or 0.39%

Silver Price Close Today : 29.179
Change : 0.396 or 1.38%

Gold Silver Ratio Today : 55.307
Change : -0.542 or -0.97%

Silver Gold Ratio Today : 0.01808
Change : 0.000175 or 0.98%

Platinum Price Close Today : 1579.10
Change : -2.40 or -0.15%

Palladium Price Close Today : 755.05
Change : -1.35 or -0.18%

S&P 500 : 1,545.82
Change : -12.89 or -0.83%

Dow In GOLD$ : $184.73
Change : $ 7.50 or 4.23%

Dow in GOLD oz : 8.936
Change : 0.363 or 4.23%

Dow in SILVER oz : 494.25
Change : -9.93 or -1.97%

Dow Industrial : 14,421.72
Change : -90.01 or -0.62%

US Dollar Index : 82.78
Change : -0.094 or -0.11%

The GOLD PRICE bounced back after yesterday's stumble to gain $6.30 and close Comex at $1,613.80. Silver broke out of that pennant/triangle today, toward the stratosphere. Rose 39.6 cents and closed 2917.9c.

Not supposed to send y'all a commentary today, but I couldn't resist telling y'all about today.

The GOLD PRICE barely extended its trading range with a high at $1,616.34. Low came at a$1,606.90 -- higher highs, higher lows.

That's gold's eighth day above and outside the pennant it broke out of. Don't know how much more confirmation you might need. Must now pass some milestones, like $1,625 - $1,630 but it's on the road.

I wrote yesterday that the SILVER PRICE was the buzzing fly in the ointment. 'Tain't no more. Busted clean through that upper resistance line and clean through the 20 day moving average (2887c). Next hurdle is 3050c.

All clear for a continuing rally, unless silver closes below 2900c and gold below $1,600. Watch gold, since it's the leader right now.

That ain't all. Dow in Silver gapped down today, punched into the 20 DMA and closed at 494.9 oz., practically on top of the 20 DMA at 494.58. It has fallen down out of a rising wedge, so should follow through vigorously toward the earth's core.

Dow in Gold fell again, down to 8.94 oz. This elevator's headed down!

Y'all ought not to view events in Cyprus as too distant to affect you. Ask not for whom the Cypriot bell tolls, it tolls for you. Imagine if you couldn't withdraw money from your bank for a week. EVERY family ought to have a three-month (3 month) supply of cash. Cash -- green paper money -- forms only a tee-tiny percentage of the money supply, most of which is electrons careening around in bank computers. Get some green paper money in your own hands, and keep it where you have 24-hour access.

Likewise everyone ought to have some US 90% silver coin for use as money in case the green paper money fails. Don't know how to trade with it or value it? Go to www.silverandgoldaremoney.com, the conversion website Catherine Fitts and I put up. Can convert from 50 or 60 paper currencies into more than 100 forms of silver and gold. Don't tell me you can't, 'cause we've made it possible.

Y'all, don't keep putting off these simple monetary preparations. Cyprus today, US tomorrow -- the same thieves run things here. Take care of your family.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com
1-888-218-9226
10:00am-5:00pm CST, Monday-Friday

© 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 $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate bubble has burst, primary trend down.

WARNING AND DISCLAIMER. Be advised and warned:

Do NOT use these commentaries to trade futures contracts. I don't intend them for that or write them with that short term trading outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures.

NOR do I recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or another may go up in smoke. Unless you can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary of traps.

NOR do I recommend trading futures options or other leveraged paper gold and silver products. These are not for the inexperienced.

NOR do I recommend buying gold and silver on margin or with debt.

What DO I recommend? Physical gold and silver coins and bars in your own hands.

One final warning: NEVER insert a 747 Jumbo Jet up your nose. No, I don't.



Wednesday, March 20, 2013

The Gold Price Remains in a Rally Today's Drop Doesn't Change That

Gold Price Close Today : 1607.80
Change : -3.80 or -0.24%

Silver Price Close Today : 28.783
Change : -0.027 or -0.09%

Gold Silver Ratio Today : 55.859
Change : -0.080 or -0.14%

Silver Gold Ratio Today : 0.01790
Change : 0.000025 or 0.14%

Platinum Price Close Today : 1581.50
Change : 27.10 or 1.74%

Palladium Price Close Today : 756.40
Change : 23.00 or 3.14%

S&P 500 : 1,558.71
Change : 10.37 or 0.67%

Dow In GOLD$ : $186.58
Change : $ 7.50 or 4.19%

Dow in GOLD oz : 9.026
Change : 0.363 or 4.19%

Dow in SILVER oz : 504.18
Change : 2.41 or 0.48%

Dow Industrial : 14,511.73
Change : 55.91 or 0.39%

US Dollar Index : 82.84
Change : -0.195 or -0.23%

The GOLD PRICE lost $3.80 today, ending Comex at $1,607.50. The SILVER PRICE lost 2.7 cents to 2878.3c.

The big old fat blue bottle fly in the metals room, flying and buzzing around and messing up everything is silver's refusal to break out of its range. Platinum and Palladium are plumb schizo. Yesterday they lost 28.80 and 29.45, today they gained 27.1 and 23. But silver can't bust out of its 2850c - 2900c range. Hence gold is like a pretty dove trying to fly with an axe-head tied to its foot.

Don't get me wrong: the GOLD PRICE remains in an established small rally still, and today's little drop doesn't change that. I expect to see a move one day soon where gold SHOOTS up through a couple of resistance levels in a single day.

On the other hand, I am philosophical as a dead pig in the sunshine. If it breaks $1,600, it will make a trip back to $1,570, but I don't expect that.

Whoops! Cypriot parliament rejected the austerity plan, i.e., bailing out the banks at the depositors' expense. Here's a move that ought to make all Cypriots happy: on alternative being discussed is nationalizing the pension funds of all nationalized industries like the phone and electric companies. Response out of the EU is the usual, throwing it back to the parliament until they finally crack and accept the terms.

Message remains unchanged: the EU, IMF, and ECB are willing to confiscate bank deposits to bail out the banks. Rule of law is dead. What's the banks' is theirs, and what's yours is theirs, too.

Some maneuvering we can't see is going on behind the scenes, but clearly the dopes who are running things are silly enough to risk a system-wide bank run by these moves in Cyprus.

Here's what Bogus Ben Bernanke said after the FOMC meeting: Yap. Yap, yap, yap. Yap-yap, yappa yappa yap yap. Yup. Yap.

Oh, and he said they wouldn't raise interest rates, and that Cyprus wasn't a threat to the US financial system, that there would be pie in the sky by and by, and that if frogs had wings they wouldn't bump their little butts when they jump.

Ben, you are running on fumes way past empty.

Stocks rose again today, but I wouldn't count on that extending. Dow gained 55.91 (0.39%) to 14,511.73 and the S&P500 gained 10.37 (0.67%). It seems to me stocks are due a little correction, even if they intend to move much higher, but I have no dog in that fight, and don't intend to.

Dow in gold rose a hair today up 0.6%, to 9.03 oz (G$186.67), probably bouncing off the 20 day moving average beneath (8.97 oz or G$185.43). Still looks broken to me, although it might rise one more little tad to fill a gap above.

Dow in silver has (1) broken down out of a rising wedge, (2) fallen three days, (3) risen back up today to touch the top boundary of that wedge's peak. Closed up 0.72% to 504.32 oz (just for interest's sake, that's $652.08 silver dollars). RSI and MACD both point down. Looks to have broken down, but must confirm by moving lower.

Five day chart leaves me expecting lower dollar rates. US dollar index closed 82,.843, down 19.5 basis points or 0.25%. If it falls through 82.6, well, 82.4, it will skid a ways. However, with half the world scared it death, dollar could skitter up sharply at any time. Yesterday it made a slightly higher high above 83. If it clears 83 and closes up there, it could easily run for 84 or 85.

Euro rose 0.49% to $1.2936. Chart has that same old gappy, jumpy look it would have if NGM intervention were catching the shorts and scaring them out for a day. Don't believe I'd want to own euros.

Yen dropped 0.75% to 104.16, about the same bottom it's been bouncing along. No change.

Sorry, I won't publish a commentary tomorrow or Friday. I'll be travelling to Union, South Carolina for a literary festival and to show off At Home In Dogwood Mudhole, my new book. Check it out at www.dogwoodmudhole.com. Back Monday.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com
1-888-218-9226
10:00am-5:00pm CST, Monday-Friday

© 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 $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate bubble has burst, primary trend down.

WARNING AND DISCLAIMER. Be advised and warned:

Do NOT use these commentaries to trade futures contracts. I don't intend them for that or write them with that short term trading outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures.

NOR do I recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or another may go up in smoke. Unless you can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary of traps.

NOR do I recommend trading futures options or other leveraged paper gold and silver products. These are not for the inexperienced.

NOR do I recommend buying gold and silver on margin or with debt.

What DO I recommend? Physical gold and silver coins and bars in your own hands.

One final warning: NEVER insert a 747 Jumbo Jet up your nose. No, I don't.



Tuesday, March 19, 2013

The Gold Price Gained $6.70 to $1,611.30 and Will Continue to Rise Another Rally Has Begun

Gold Price Close Today : 1611.30
Change : 6.70 or 0.42%

Silver Price Close Today : 28.810
Change : -0.031 or -0.11%

Gold Silver Ratio Today : 55.928
Change : 0.292 or 0.53%

Silver Gold Ratio Today : 0.01788
Change : -0.000094 or -0.52%

Platinum Price Close Today : 1554.40
Change : -23.80 or -1.51%

Palladium Price Close Today : 733.40
Change : -29.45 or -3.86%

S&P 500 : 1,548.34
Change : -3.76 or -0.24%

Dow In GOLD$ : $185.46
Change : $ 7.50 or 4.21%

Dow in GOLD oz : 8.972
Change : 0.363 or 4.21%

Dow in SILVER oz : 501.76
Change : 0.67 or 0.13%

Dow Industrial : 14,455.82
Change : 3.76 or 0.03%

US Dollar Index : 82.95
Change : 0.288 or 0.35%

The GOLD PRICE gained another $6.70 today and ended at $1,611.30, not much below the day's high at $1,614.43. Was never driven lower than $1,600.48, and that happened right after the open around 9:00 a.m. By 10:00 gold was already pushing and elbowing higher.

But I'm bewildered about tomorrow, with a double mind. I can see that gold has built support above $1,608.50, and it wouldn't take much to drive it over $1,625. On the other hand it's risen the last four days running, and is hitting its upper Bollinger Band. Oh, but other indicators are pointed strongly up. 50 DMA lies above at $1,632.90, a reasonable near term target.

As long as the GOLD PRICE remains above $1,600, it will keep climbing.

The SILVER PRICE lost 3.1 cents to 2881c. You can chalk that up to the crisis sending people into gold, or you can chalk it up to more sinister forces. After all, if you wanted to manipulate the REALLY huge gold market, and you knew the much smaller silver market was tied to it, wouldn't it be easier to drive silver down than gold? What if you drove down platinum and palladium, too, even smaller markets, hit 'em really hard selling futures? That's what the Fed did in the stock market panic of 1987, sold platinum futures to keep gold down. I remember watching 'em do it, well, watching the trading.

But lets talk about SILVER on its own terms. Momentum indicators are pointing up, and silver has traded to the upper line of a triangle, bumping and pushing against that overhead resistance. It could always fall further, but around 2850c lurk some buyers with deep, deep pockets, and they stop every decline.

So watch out tomorrow for a little drop in silver and gold, and don't let that demoralize you. On the other hand, if gold climbs above $1,615 and silver above 2935 cents, they will fly.

Not to play coy, I believe the early March lows were the bottom of this move, and another rally has begun. May frustrate us with sideways moves for a little while, but it's established and points upwards.

Y'all ever been around a married couple and thought everything was just hunky-dory between 'em, when all of a SUDDEN the crockery started flying and they commenced flinging skillets at each other? You were surprised, but they weren't. You were surprised because you were judging the situation's tension -- the opposing forces -- from the outside. You didn't realize that all the smiles and nicey-nicey were hiding huge pressure.

I suspect that's what's happening here after this Cyprus bungle -- I say "bungle" because it's evident they are now trying to back away from it as fast as they can, without, of course, really backing away from it. We don't know who the real actors and what their real purposes were, but we can certainly imagine what's presently going on, namely, behind the scenes the Nice Government Men are manipulating heaven and earth and wearing out puppet strings trying to keep stock markets and currencies and bond markets from going wild. I wonder when the skillets are going to start a-flyin'.

Cyprus was a BIG mistake, a bridge too far. It could be Our Rulers pulled a trigger they didn't mean to pull. Then again, maybe not, but we'll know in the next few days.

Stock markets around the world have already evidenced their nervousness by dropping. The Potemkin Dow rose today 3.76 points to 14,455.82, but all the other indices fell with the S&P500, which lost 3.76 (yep, strangely the same number as the Dow gained) to close 1,548.34.

Dow in Gold took another step down today, losing 037% to 8.97 oz (G$185.43) and closing plumb on its 20 day moving average (8.97 oz).

Dow in Silver has rolled over downward but not as dramatically as the Dow in Gold. Closed 500.72 oz, down a third of an ounce. 20 DMA, first confirmation of a top, stands at 493.26.

I hope the Nice Government Men around the world have laid in a big supply of Tums and Alka Selzer, 'cause they're gonna need it keeping the currency markets from going nuclear. US dollar index gained 28.8 basis points (0.37%) to close at 82.95, nearly back to the high last week at 83. And that 83, technically, ought to contain any upward move, but not if spooked money around the world is looking for a hidey-hole.

Euro lost 063% to close at $1.2873. It broke the $1.2900+ level that so far had held it, and now hath opened the way to $1.2600. Yen barely moved, up 0.2% to 105.10 cents/Y100.

I have to run. I have 16 cubic yards of mulch at home, waiting to be spread, and my wife has a shovel with my name on it. We call it a Scotch-Irish front end loader.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com
1-888-218-9226
10:00am-5:00pm CST, Monday-Friday

© 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 $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate bubble has burst, primary trend down.

WARNING AND DISCLAIMER. Be advised and warned:

Do NOT use these commentaries to trade futures contracts. I don't intend them for that or write them with that short term trading outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures.

NOR do I recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or another may go up in smoke. Unless you can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary of traps.

NOR do I recommend trading futures options or other leveraged paper gold and silver products. These are not for the inexperienced.

NOR do I recommend buying gold and silver on margin or with debt.

What DO I recommend? Physical gold and silver coins and bars in your own hands.

One final warning: NEVER insert a 747 Jumbo Jet up your nose. No, I don't.



Monday, March 18, 2013

The Gold Price Smashed it's Resistance Closing Up $12.10 at $1,604.60

Gold Price Close Today : 1604.60
Change : 12.10 or 0.76%

Silver Price Close Today : 28.841
Change : 0.024 or 0.08%

Gold Silver Ratio Today : 55.636
Change : 0.374 or 0.68%

Silver Gold Ratio Today : 0.01797
Change : -0.000121 or -0.67%

Platinum Price Close Today : 1578.20
Change : -13.20 or -0.83%

Palladium Price Close Today : 762.85
Change : -10.85 or -1.40%

S&P 500 : 1,552.10
Change : -8.60 or -0.55%

Dow In GOLD$ : $186.18
Change : $ 7.50 or 4.20%

Dow in GOLD oz : 9.007
Change : 0.363 or 4.20%

Dow in SILVER oz : 501.09
Change : -2.57 or -0.51%

Dow Industrial : 14,452.06
Change : -62.05 or -0.43%

US Dollar Index : 82.75
Change : 0.509 or 0.62%

Thanks to governments over the weekend the GOLD PRICE smashed that $1,595 resistance that had so long imprisoned it, then leapt quickly to $1,605, then $1,610.28. Comex gold gained $12.10 to $1,604.60. Silver gained only 2.4 cents.

I don't give two hoots and a holler what stocks are doing in nominal dollars, because that's a shell game. Purchasing Power is the real game, and what's gaining on what. It appears gold and silver are about to start gaining on stocks again after a long lag.

Y'all listen, and write this down in that little book y'all all carry in your pockets. Stocks since 2000 have lost 85% of their value against silver and gold, and before this is over, they'll lose another 85%. Hide and watch.

Don't governments just LOVE to stage surprise parties over weekends? Ain't that just like 'em, bless their hearts! You gotta love 'em, unless of course you don't, like me.

I bet y'all weren't paying attention last week when I kept writing that gold had broken out of that little pennant and kissed back. Today it shot up, confirming the upside breakout from that pennant. Of course, it must continue rising, and the first big hurdle stands at $1,625, then the higher hurdle at $1,650.

Don't y'all be surprised if the Nice Government Men try to slap the GOLD PRICE silly tomorrow, but if gold is to continue rallying it must not drop below $1,595. I bought some with a good will first thing this morning, and I'm proud of it still, even knowing the danger.

The fly in the ointment of today's gold rise is silver's chintzy 2.4 cent rise. Course, silver can be expected to lag gold when a financial crisis fills the air. High today came at 2902c which didn't even beat last week's highs.

It's all right, GOLD PRICE ought to drag the SILVER PRICE on up if gold intends to rise in earnest. If both of them don't rise here, then we have an awfully long time to wait. But I think today proved the change of direction promised and whispered by the early March lows.

Expect lots higher prices for gold and silver this week, unless they manage to break them tomorrow, which I have to doubt.

You know, if I was an Italian or Spaniard with any money at all in a bank, I would look at Cyprus and easily picture a target painted on my chest. Hadn't y'all rather hold gold and silver in your hand than electrons in a Spanish or Italian Bank? Mercy, I'd rather hold gold and silver than electrons in a New York bank!

Buy the breakout: time to start buying silver and gold.

Weekend events in Cyprus shows that the rule of law is stone cold dead. Let the potential victims beware! To bail out the banks, the government is stealing 9.9% of every depositor's account. You go to bed with $10,000 balance, wake up with $9,010. The banks now possess all. What's theirs is theirs, and what's yours is theirs, too. Weekend surprise party, as usual.

As a sop to the victims, they receive worthless shares of stock in their bankrupt bank. Of course, that only adds insult to injury.

Don't be drawn off point by the inevitable bank propaganda claiming much of the money stolen was owned by evil Russians oligarchs. What difference does that make? Because you consider someone "evil" you are empowered to steal from them? Besides, if banks and their running-dog governments can steal from evil Russian oligarchs, they will steal from you, too, as we already see.

That prompts another meditation on why timing this bull market is not as important as climbing onto the bull. Which do you prefer, electrons in a bank, waiting to be stolen, or silver and gold in hand? Go ahead, mock my suspicions. Y'all won't be laughing or mocking when they get around to stealing YOUR money. Mocking won't hurt my feelings. I don't know no better no how. I'm just a natural born fool from Tennessee -- but I ain't waiting around to be robbed.

This officially-sanctioned theft in Cyprus will likely prove to be the catalyst silver and gold were waiting on to begin their rally in earnest.

I pass over as a subject way too hateful and stupid to discuss the possibility that the entire Cyprus caper was engineered by the US behind the scenes to provoke the Russians for backing Assad in Syria. Still, that's possible, too. Whatever the reason, the move in Cyprus annihilates the rule of law and opens depositors around the world to theft-by-bank.

As my old first sergeant used to say, "A word to the wise is suffice."

In few words, the stunt in Cyprus sent scared money looking for a safe hole. Stock markets everywhere fell, dollar rose, euro fell (no surprise to anyone with an IQ greater than the poundage in his tires), yen did nothing, and around the globe Nice Government Men and stinking central bank yellow dog lackies sweat bullets and stayed up all night trying to figure out how to keep their bogus world together so they continue sucking the lifeblood out of the productive.

Dollar rose 50.9 basis points (0.6%) to 82.745 from where it ended Friday. Euro lost 0.93%to $1.2955, but didn't break down on the chart, although it ain't but a gnat's whisker between it and falling off a cliff. Japanese sat this one out. Yen was unchanged at 104.89.

US$1=Y95.34=E0.7719=0.034673 oz Ag=0.000623oz Au.

Stocks hit the skids around the world. Asian markets were hit worse since their NGM didn't have much time to react and manipulate markets. Hong Kong's Hang Seng index lost 2%, Tokyo's Nikkei lost 2.71%. German Dax lost 0.4%, French CAC40 lost 0.71%, Dow Jones World Index sank 0.95%. Lawsie, it was a mess!

Now y'all pay attention here: both the Dow in Gold and Dow in Silver broke today, Dow in Gold the worst. Closed 9.01 oz (186.25 Gold dollars), down 1.26%. Dow in Silver closed 500.52, down 0.75%. Too early to call the game, but that pretty stoutly betokens a reversal downward. Needs confirmation, sure, but gold even gapped down. Dow/Gold is reversing on the weekly chart, too.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com
1-888-218-9226
10:00am-5:00pm CST, Monday-Friday

© 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 $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate bubble has burst, primary trend down.

WARNING AND DISCLAIMER. Be advised and warned:

Do NOT use these commentaries to trade futures contracts. I don't intend them for that or write them with that short term trading outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures.

NOR do I recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or another may go up in smoke. Unless you can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary of traps.

NOR do I recommend trading futures options or other leveraged paper gold and silver products. These are not for the inexperienced.

NOR do I recommend buying gold and silver on margin or with debt.

What DO I recommend? Physical gold and silver coins and bars in your own hands.

One final warning: NEVER insert a 747 Jumbo Jet up your nose. No, I don't.



Friday, March 15, 2013

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com
1-888-218-9226
10:00am-5:00pm CST, Monday-Friday

© 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 $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate bubble has burst, primary trend down.

WARNING AND DISCLAIMER. Be advised and warned:

Do NOT use these commentaries to trade futures contracts. I don't intend them for that or write them with that short term trading outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures.

NOR do I recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or another may go up in smoke. Unless you can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary of traps.

NOR do I recommend trading futures options or other leveraged paper gold and silver products. These are not for the inexperienced.

NOR do I recommend buying gold and silver on margin or with debt.

What DO I recommend? Physical gold and silver coins and bars in your own hands.

One final warning: NEVER insert a 747 Jumbo Jet up your nose. No, I don't.



Thursday, March 14, 2013

The Gold Price Kept Rising Today Closing Near the Upper End of it's Range at $1,590.60

Gold Price Close Today : 1590.60
Change : 2.30 or 0.14%

Silver Price Close Today : 28.773
Change : -0.150 or -0.52%

Gold Silver Ratio Today : 55.281
Change : 0.366 or 0.67%

Silver Gold Ratio Today : 0.01809
Change : -0.000121 or -0.66%

Platinum Price Close Today : 1587.80
Change : -3.30 or -0.21%

Palladium Price Close Today : 768.80
Change : -0.45 or -0.06%

S&P 500 : 1,563.23
Change : 8.71 or 0.56%

Dow In GOLD$ : $188.95
Change : $ 7.50 or 4.13%

Dow in GOLD oz : 9.141
Change : 0.363 or 4.13%

Dow in SILVER oz : 505.30
Change : 5.52 or 1.10%

Dow Industrial : 14,539.14
Change : 83.86 or 0.58%

US Dollar Index : 82.56
Change : -0.356 or -0.43%

Today I've been staring at long term charts. Folks, when those stocks break down and the silver and GOLD PRICE break up, Bogus Ben will spend months crying, gnashing his teeth, and moaning. Bull market in silver and gold has by no means ended, nor has the bear market in stocks. Y'all hide and watch.

The SILVER PRICE backed off 15 cents today to 2877.2 while gold gained $2.30 to $1,590.60, closing near the range's upper end.

From a low at $1,577.37 right after the market opened the GOLD PRICE kept climbing today, threw a leg over unchanged about noon, then kept climbing. That $1,995 remains a barrier. Did I forget to tell y'all that today marks Gold's THIRD day of break-out above that little pennant? Or that it closed above its 20 dma ($1,588.01) today? What's the matter with my memory?

Shucks, I like to forgot that gold's MACD momentum indicator turned up, several days ago. Pointing up now for sure.

Too early to call it a rally, but that's a bunch of purple martins if there ain't no spring close behind.

The SILVER PRICE has looked weaker. 20 DMA is at 2909 cents, and silver can punch into the upper boundary line of that pennant, but can't break out of it. However, its MACD has turned up.

It's the little things that make life so much fun.

Dow rose for the tenth (10th) straight day, S&P500 has risen 11 out of the last 13 days. Oh, friends, it just don't work this way. Markets can't rise forever, and though stocks may get more rabid and frothy yet, it still don't work this way.

But then, denying any eventual pay-day is pretty much the main stock in trade of the yankee government, the Fed, and American society. As John Calvin might say, Lots of luck.

Dow added 83.86 (0.58%) to 14,539.14, and -- did I mention -- it's tenth new high running. S&P500 added 8.71 to end on its high at 1,563.23, still a little off that 2007 high at 1,565.15. Will probably get wilder, crazier, and drunker before it breaks, but look out then!

Dow in gold made a tinier higher high today, to 9.15 oz (G$189.15 gold dollars) over 9.14 (G$188.94). This moves sidewise on the chart, and hath stalled right about where my target was (9.12oz).

Dow in silver did make a higher high today, to 504.74 oz. Broke out upside from a rising wedge, but only slightly. Might have another 10 oz in it.

The US DOLLAR INDEX reached over that 83 resistance today at 83.166, and sellers were waiting on it with a sledge hammer, cold-cocked it, and knocked it down plumb to 82.427. Time I am writing this it is trading 82.559, down 35.6 basis points (0.46%) on the day. I make that the first half of a key reversal. Lower price tomorrow puts the second and last piece in place.

Euro was the big gainer off the dollar's tumble, gaining 0.37% to $1.3005, but you know, you can put lipstick on a hog and hang earrings on it, but it's still a hog. And first time you let it loose, it'll run back to wallow in that mire.

Yen rose a meaningless little bit, 0.04% to 104.07. Stay away.

US$1=Y96.09=E0.7689+0.034755 oz Ag=0.006286 oz Au.

To please the bankers, on 14 March 1900 the US congress passed the so-called Gold Standard Act. The act changed nothing, but threw up a deceptive barrier to the millions of silver advocates. Why could the act do nothing? Because the US congress in 1792 had already made the standard coin of the US the "dollar" of silver (0.7734 troy ounce fine silver) They couldn't make gold the standard if they tried, because that act was as far beyond them and unconstitutional as suddenly declaring that throughout the US the "foot" would henceforth have only ten inches. Once congress "sets" a standard, it can't change the standard later -- unchanging is what a standard's all about., The banks, of course, wanted the so-called gold standard because it really was no gold standard at all, but only a standard that made paper and bank deposits equal to gold for a while, until they could elbow gold out of the system.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com
1-888-218-9226
10:00am-5:00pm CST, Monday-Friday

© 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 $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate bubble has burst, primary trend down.

WARNING AND DISCLAIMER. Be advised and warned:

Do NOT use these commentaries to trade futures contracts. I don't intend them for that or write them with that short term trading outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures.

NOR do I recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or another may go up in smoke. Unless you can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary of traps.

NOR do I recommend trading futures options or other leveraged paper gold and silver products. These are not for the inexperienced.

NOR do I recommend buying gold and silver on margin or with debt.

What DO I recommend? Physical gold and silver coins and bars in your own hands.

One final warning: NEVER insert a 747 Jumbo Jet up your nose. No, I don't.



Wednesday, March 13, 2013

The Gold Price Gave Good News Punching Higher into it's 20 DMA Breaking out into an Uptrend

Gold Price Close Today : 1588.30
Change : -3.20 or -0.20%

Silver Price Close Today : 28.922
Change : -0.209 or -0.72%

Gold Silver Ratio Today : 54.917
Change : 0.284 or 0.52%

Silver Gold Ratio Today : 0.01821
Change : -0.000095 or -0.52%

Platinum Price Close Today : 1591.10
Change : -1.90 or -0.12%

Palladium Price Close Today : 769.25
Change : -4.15 or -0.54%

S&P 500 : 1,554.52
Change : 2.04 or 0.13%

Dow In GOLD$ : $188.14
Change : $ 7.50 or 4.15%

Dow in GOLD oz : 9.101
Change : 0.363 or 4.15%

Dow in SILVER oz : 499.80
Change : 3.77 or 0.76%

Dow Industrial : 14,455.28
Change : 5.22 or 0.04%

US Dollar Index : 82.87
Change : 0.297 or 0.36%

The silver and GOLD PRICE gave us good news today, stocks continued to levitate (well, some indices did), while the dollar rose and the euro took a hit, but without damaging anything. Gold lost $3.20 and closed Comex at $1,588.30. Silver lost 20.9 cents to 2892.2c.

Today the GOLD PRICE punched higher through its 1,590.83 twenty day moving average, but closed a little lower than yesterday. However, the breakout from the pennant has not been gainsaid, so unless gold closes lower than $1,575, gold has a breakout and uptrend. Today's range was $1,596.41 to $1,585.52 on the low side.

Don't forget that gold gapped up yesterday, and trading back into the gap, as it did today, is normal.

Picture with the SILVER PRICE differs just a little, without a clear breakout above its pennant, but poked its head through the upper boundary yesterday and today. First tripwire of a rally, the 20 DMA at 29.09, isn't far above. Like gold, silver traded back into its gap, but filled it altogether.

These are all hopeful signs that silver and gold have indeed reversed and turned up, but hopeful only. Silver must scuttle above 2950c and gold above $1,600 to confirm that reversal.

Watching. Waiting. Soon. No fun in that, just caution.

Italian government tried to sell bonds today, but had to pay the highest yield since last December. That pulled on the euro like lead galoshes, so it sank 0.54% to $1.2959. That's the euro's lowest close so far in this move, and edges the Euro down toward its 200 DMA at $1.2842. From here $1.2600 seems virtually a given.

Yen meantime was - actually- unchanged at 104.11 cents per 100 yen. I suspect the Japanese will jawbone it lower.

Although the US dollar today rose 29.7 basis points to 82.874 (up 0.38%), it appears to have peaked day before yesterday. If so, it will soon fall and break that sharp uptrend. It has already practically hit my 83 target with an interday high at 82.94.

Stock indices argued with each other today, some up, some down. The two stars, the Dow and S&P500 both eked out gains. Dow rose 5.22 to 14,455.28. S&P500 rose 2.04 to 1,554.52, but 2007's 1,565.15 high still eludes it.

But let's glance at the Dow in Gold and the Dow in Silver. What, ho? Dow in Silver did not follow through yesterday's breakdown from a rising wedge, but didn't disprove it, either. As overbought as perfume among a bunch of 13 year old girls.

Dow in Gold performed about the same, but still lower than the wedge's peak. Way overbought and MACD is rolling over downwards. Hopeful.

As if we needed more proof that American culture has probably probed a nadir from which it will ne'er recover, a headline in the LA Times today read, "Are Sheryl Sandberg [Facebook Executive] and Nate Silver [statistician] America's greatest thinkers?" Other nominees, like NYT economy columnist Paul Krugman, are too egregiously dopey to mention. And this happens in a nation that used to boast minds like Thomas Jefferson, Patrick Henry, PT Barnum, and Bozo the Clown. Lo, how have the mighty fallen!

SPECIAL OFFER: DINGED MAPLE LEAVES

Throughout history one reason that no country ever minted pure gold (24 karat) coins is gold's softness. It won't wear well in handling, and dings (flattens slightly) when dropped, so generally coin gold has been alloyed.

But since 1979 Canada has issued the Maple Leaf in 24 karat, and others have since followed. To further confuse matters, a few years ago Canada stopped issuing Maple Leaves in 0.999 (99.9%) fineness and began issuing them in 0.9999 (99.99% or "four nines") fineness.

A customer sold me six of the three-nines (99.9%) fine Maple Leaves that turned out to be dinged. Somebody dropped them on their rim and slightly flattened that spot. One has a little red copper spot on it. No big deal, as gold is gold and over time all premium disappears.

Selling them to a wholesaler, I'll take a discount. I figure I might as well pass that discount on to one of y'all, and we both get a better deal.

I have only these six coins, and will sell them as Two lots of three coins each at $1,620 (2% premium) each plus $25 per order shipping, or a total of $4,885.00 for a three coin lot. Price based on today's closing gold price at $1,588.30.

Sorry, no re-orders at this price, just these two 3-coin lots.

Special Conditions:

First come, first served, and no re-orders at these prices. I will write orders based on the time I receive your e-mail.

We will not take orders for less than the minimums shown above.

All sales on a strict "no-nag" basis. We will ship as soon as your check clears, but we allow Two weeks (14 days) for your check to clear. Calls looking for your order two days after we receive your check will be politely and patiently rebuffed.

If you want faster shipping, please send a wire (wire instructions will appear on your trade confirmation). ORDERING INSTRUCTIONS:

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

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

Repeat, you must include your complete name, address, and phone number. Our clairvoyant quit without warning last week and we can no longer read your mind.

2. When you buy from us, we cannot later change or cancel the trade. We are giving you our word that we will sell at that price, and you are giving us your word that you will sell at that price, regardless what later happens in the market, up or down.

If you break your word to us, we will never again do business with you.

3. Orders are on a first-come, first-served basis until supply is exhausted.

4. "First come, first-served" means that we will enter the orders in the order that we receive them by e-mail.

5. If your order is filled, we will e-mail you a confirmation. If you do not receive a confirmation, your order was not filled.

6. You will need to send payment by personal check or bank wire (either one is fine) within 48 hours. It just needs to be in the mail, not in our hands, in 48 hours.

7. Want your order faster? Send a bank wire, but that's not required. Once we ship, the post office takes four to fourteen days to get the registered mail package to you. All in all, you'll see your order in about one month if you send a check.

8. Mention goldprice.org in your email.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com
1-888-218-9226
10:00am-5:00pm CST, Monday-Friday

© 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 $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate bubble has burst, primary trend down.

WARNING AND DISCLAIMER. Be advised and warned:

Do NOT use these commentaries to trade futures contracts. I don't intend them for that or write them with that short term trading outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures.

NOR do I recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or another may go up in smoke. Unless you can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary of traps.

NOR do I recommend trading futures options or other leveraged paper gold and silver products. These are not for the inexperienced.

NOR do I recommend buying gold and silver on margin or with debt.

What DO I recommend? Physical gold and silver coins and bars in your own hands.

One final warning: NEVER insert a 747 Jumbo Jet up your nose. No, I don't.



Tuesday, March 12, 2013

The Silver and Gold Price Broke Out Upside Gold Closed at $1,591.50

Gold Price Close Today : 1591.50
Change : 13.70 or 0.87%

Silver Price Close Today : 29.131
Change : 0.319 or 1.11%

Gold Silver Ratio Today : 54.633
Change : -0.129 or -0.24%

Silver Gold Ratio Today : 0.01830
Change : 0.000043 or 0.24%

Platinum Price Close Today : 1593.00
Change : -6.20 or -0.39%

Palladium Price Close Today : 773.40
Change : -3.70 or -0.48%

S&P 500 : 1,552.48
Change : -3.74 or -0.24%

Dow In GOLD$ : $187.69
Change : $ 7.50 or 4.16%

Dow in GOLD oz : 9.080
Change : 0.363 or 4.16%

Dow in SILVER oz : 496.04
Change : -5.40 or -1.08%

Dow Industrial : 14,450.06
Change : 2.77 or 0.02%

US Dollar Index : 82.61
Change : -0.016 or -0.02%

About 8:00 a.m. New York time the GOLD PRICE bounded from $1,584 to $1,592. One leap, one minute. It didn't really gain after that, but closed at $1,591.5 (up $13.70 or 0.87%) after at $1,594.67 high. Literally traded in a $2.70 range all day. Flat.

The SILVER PRICE followed the same path, gapping up from 2892 cents to 2928.5 in one minute, then trading the rest of the day between 2915c and 2925c. Closed at 2913.1c, up 31.9 cents (1.1%).

Granted we need to see confirmation, but here's what gives hope to the chart. The GOLD PRICE had been forming a pennant (little even-sided triangle) and today broke out upside and punched into its 20 DMA ($1,593.99). One more day outside that pennant, and gold will have reversed directions.

Ditto silver. Broke out upside from a pennant, cut into the 20 DMA (2930), but closed slightly below it.

Add to this the MACD, which has turned up for both metals. This is the best we've seen them look since mid-February.

Yet, hold! Gold still must climb over $1,600 and silver over 2950 to confirm a reversal beginning.

I nibbled at buying some silver today, just in case it really is a reversal upwards.

This morning the Natterers on Nat. Proletarian Radio were a-buzzin' about some judge turning over the Communist New York Mayor Bloomberg's law forbidding sales of big jugs of soft drinks.

Ahh, it just warms your heart to see those freedom- loving soft-drink corporations stand up for the right of folks to choose what they want to put into their own bodies. Right, well, I'm all for that, but you wonder why none of the corporations ever complain about all the other regulations that put small farmers and food processers out of business, or keep them out? There, freedom just ain't so important, I reckon.

Y'all write this down in your little books: the purpose of ALL regulation (all of it) is to stifle competition.

Here was an interesting day. Dow and S&P500 got into an argument and couldn't agree whether to rise or fall. And thanks to Bundesbank president Jens Weidmann, gold and silver gapped up like they had dynamite under them.

Dow hit another new high today, but managed to add only 2.77 (0.02%) to close at 14,450.06. S&P500 hit a new intraday high at 1,556.77 but lost 3.74 from yesterday to close at 1,55248 (down 0.24%). Dow was the only index that ended the day higher. Mmmm.

More fascinating yet are the Dow in Gold and Dow in Silver. After hitting a high day before yesterday at 9.14 oz (G$188.94 gold dollars) it gapped down today to close at 9.08 oz (G$187.70). Gapped down out of a rising wedge. Needs to confirm, of course, but that's the first sign of a top. Dow in silver performed the same way, tripping down out of a wedge after a high yesterday at 498.98 oz. Closed today at 496.57 oz.

What meaneth all this? It's the first hint that silver and gold have turned up against stocks. Whether that means stocks drop or not (it might), I don't care, but it points to the end of the long silver and gold correction.

In the rotten world of fiat currencies and corrupt central banks that feed off the public like tapeworms. the head of the German central bank today announced the Bundesbank had raised its risk loss provision to 14.4 billion euros ($18.7 bn) from 7.7 billion euros a year ago. He also said, "The crisis is not yet over despite the interim calm on financial markets."

I reckon it was bound to happen sooner or later, a central banker accidentally telling the truth. As Lord Acton (1834-1902) said, "The issue which has swept down the centuries . . . And which will have to be fought sooner or later . . . is the people versus the banks." (quoted by Charles Demastus in Freedom Watch)

Silver and gold responded by gapping up. The US dollar index went nowhere, closing today 82.607, down 1.6 basis points. Euro dropped only 0.9% to $1.3033, while the yen rose 0.24% to 104.11 cents per 100 yen.

Dollar is fixing to break its steep uptrend. Bond market waxes more and more suspicious. Ten year treasury yield rose sharply yesterday, backed off a little today. Ended at 2.023% yield. If it clears 2.4%, Ben will start sweating bullets like he's been napping in nettles.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com
1-888-218-9226
10:00am-5:00pm CST, Monday-Friday

© 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 $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate bubble has burst, primary trend down.

WARNING AND DISCLAIMER. Be advised and warned:

Do NOT use these commentaries to trade futures contracts. I don't intend them for that or write them with that short term trading outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures.

NOR do I recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or another may go up in smoke. Unless you can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary of traps.

NOR do I recommend trading futures options or other leveraged paper gold and silver products. These are not for the inexperienced.

NOR do I recommend buying gold and silver on margin or with debt.

What DO I recommend? Physical gold and silver coins and bars in your own hands.

One final warning: NEVER insert a 747 Jumbo Jet up your nose. No, I don't.