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Friday, August 30, 2013

Silver and Gold Prices Completed the First Furious Leg of their Rally

Gold Price Close Today : 1,396.10
Gold Price Close 23-Aug-13 : 1,395.70
Change : 0.40 or 0.0%

Silver Price Close Today : 23.463
Silver Price Close 23-Aug-13 : 23.73
Change : -0.267 or -1.1%

Gold Silver Ratio Today : 59.502
Gold Silver Ratio 23-Aug-13 : 58.816
Change : 0.69 or 1.2%

Silver Gold Ratio : 0.01681
Silver Gold Ratio 23-Aug-13 : 0.01700
Change : -0.00020 or -1.2%

Dow in Gold Dollars : $ 219.29
Dow in Gold Dollars 23-Aug-13 : $ 222.32
Change : -$3.03 or -1.4%

Dow in Gold Ounces : 10.608
Dow in Gold Ounces 23-Aug-13 : 10.755
Change : -0.15 or -1.4%

Dow in Silver Ounces : 631.22
Dow in Silver Ounces 23-Aug-13 : 632.55
Change : -1.33 or -0.2%

Dow Industrial : 14,810.31
Dow Industrial 23-Aug-13 : 15,010.51
Change : -200.20 or -1.3%

S&P 500 : 1,632.97
S&P 500 23-Aug-13 : 1,663.50
Change : -30.53 or -1.8%

US Dollar Index : 82.065
US Dollar Index 23-Aug-13 : 81.361
Change : 0.704 or 0.9%

Platinum Price Close Today : 1,526.20
Platinum Price Close 23-Aug-13 : 1,540.70
Change : -14.50 or -0.9%

Palladium Price Close Today : 722.10
Palladium Price Close 23-Aug-13 : 750.35
Change : -28.25 or -3.8%

Silver and GOLD PRICES completed the first furious leg of their rally this week and began a little correction. Today gold dropped $16.80 to $1,396.10, yes, below $1,400. Silver lost 62.7 cents to end Comex at 2346.3 cents.

As long as the GOLD PRICE remain above $1,350 (most likely target for this correction) and the SILVER PRICE above 2200c, metals remain in rally mode, and that is what I expect. Very small chance exists that they might make one final leg down as low as the June lows, but I don't expect that. All the same, humility requires that I mention it.

'Twasn't much of a week for stocks, down 1.3% and 1.8%. Dollar index probably turned up this week. Dow in Gold and Dow in Silver probably are bouncing because they are striking their long term downtrend lines (strong resistance usually needs more than one attack to break). Platinum lost 0.9% while palladium took a beating, giving up 3.8%.

Stocks have probably about finished their correction and are turning up for one last rally before crashing. Closes below 14,600 or 1,590 would contradict that outlook and argue that the end of this rally from last November has ended.

Today the Dow lost 30.64 (0.21%) to end at 14,810.31. S&P500 shaved off 5.2 (0.32%) to 1,632.97.

Dow in Gold and Dow in Silver both hit and pierced their long term downtrend lines this week. It was predictable that they would bounce off it before continuing lower. Dow in gold rose 1% today to G$219.29 gold dollars (10.608 oz). Dow in Silver rose 15.16 oz or 2.5% to 631.22 oz. Don’t mistake what I mean: both have turned down AND confirmed the downturn. This upward motion is only correcting the long fall we've recently seen, but they don't contradict my interpretation that the Dow measured in metals have both reversed gravityward.

US dollar index at last broke through 82 to end at 82.065, up 0.08%, above the 20 DMA and 200 DMA and touching the 50 DMA. Momentum now points up.

Mercy! Y'all ought to rejoice and dance that y'all don't own any of those nasty euros. They sank another 0.18% today to $1.3215. 200 DMA stands below at $1.3132, and when the euro breaches it, its downward speed will increase with the square of the ECB's stupidity

Yen hangeth on by its fingernails. Rose 0.17% today to 101.84 cents/Y100, but it's a lost cause, about to drop out of its intermediate upward trading channel. Has a future as bright as Constantinople in 1452.

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.



Thursday, August 29, 2013

Silver and Gold Prices Closed Lower with the Gold Price Closing at $1,412.90

Gold Price Close Today : 1412.90
Change : -5.70 or -0.40%

Silver Price Close Today : 24.090
Change : -0.301 or -1.23%

Gold Silver Ratio Today : 58.651
Change : 0.490 or 0.84%

Silver Gold Ratio Today : 0.01705
Change : -0.000144 or -0.84%

Platinum Price Close Today : 1521.50
Change : -17.70 or -1.15%

Palladium Price Close Today : 737.75
Change : -8.30 or -1.11%

S&P 500 : 1,638.17
Change : 3.21 or 0.20%

Dow In GOLD$ : $217.13
Change : $ 1.11 or 0.51%

Dow in GOLD oz : 10.504
Change : 0.054 or 0.51%

Dow in SILVER oz : 616.06
Change : 8.28 or 1.36%

Dow Industrial : 14,840.95
Change : 16.44 or 0.11%

US Dollar Index : 81.940
Change : 0.503 or 0.62%

'Twasn't a particularly good day for the silver and GOLD PRICES, but then again not bad enough to make me reach for my wastebasket. Silver lost 30.1 cents to close Comex at 2409c and gold forked over $5.70 to land on $1,412.90.

Worse than the Comex closes were the aftermarket slides to $1,408.80 and 23.88.

No doubt we are seeing a little correction here of the most recent upmove. A 50% correction in the GOLD PRICE would carry it back to $1,350 (not below!) and the SILVER PRICE to 2210 cents.

Friends, markets swing like a clock pendulum. If you can't stand that, better get a government job. It's the same every day.

Should the gold price close above $1,425 or silver silver above 2465c, any correction will have been nixed.

Randolph Bourne once wrote, "War is the health of the state." That's what bothers me. Having run out of other options to "fix" the economy, will the US administration now avail itself of the ultimate economy fixer, war? Talk about boosting demand!

Five day chart argues that the US dollar index bottomed on Tuesday and has one more thrust up in this upleg. That probably will take it through 82.00 resistance. Today the dollar index rallied 50.3 basis points (0.65%) to 81.94. This cuts through the 200 DMA at 81.65, but not through that internal resistance at 82. Not the final word, but argues that the dollar has reversed skyward.

That euro was laid low today like a hound that had been eating peaches. It gapped down below its 20 DMA ($1.3330) and nearly reached its 62 DMA ($1.3243), losing 0.73% to $1.3243. A serious confirmation of a downtrend comes when the euro plunges through its 200 DMA, now at $1.3243. That should come quickly.

Yen looked like it had been taking castor oil, too. Gapped down, lost 0.62%, and closed at 101.77 cents/Y100. Worse yet, it closed right on the bottom boundary of its uptrend channel and right near the 50 DMA (101.42c).

Mercy, what a world where the sorry, scrofulous, scabby US dollar looks good.

With the breathtaking speed of a somnolent snail, stocks raced ahead today. Dow gained 16.44 (0.11%) to 14,840.95. S&P500 also blasted forward 3.21 (0.2%, be still, my beating heart!) to 1,638.17.

Stocks have drawn near the point where they ought to reverse and turn up. Perhaps they will rally up to, say, 15,000 on the Dow then make one last dive to 14,600. But should it keep on climbing through 15,000, we'd have to conclude a rally hath begun.

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, August 28, 2013

Gold Price Dropped $1.60 Today Closing at $1,419

Gold Price Close Today : 1419.00
Change : -1.60 or -0.11%

Silver Price Close Today : 24.391
Change : -0.260 or -1.05%

Gold Silver Ratio Today : 58.177
Change : 0.549 or 0.95%

Silver Gold Ratio Today : 0.01719
Change : -0.000164 or -0.94%

Platinum Price Close Today : 1539.20
Change : 8.00 or 0.52%

Palladium Price Close Today : 746.05
Change : -3.10 or -0.41%

S&P 500 : 1,634.96
Change : 4.48 or 0.27%

Dow In GOLD$ : $215.96
Change : $ 0.95 or 0.44%

Dow in GOLD oz : 10.447
Change : 0.046 or 0.44%

Dow in SILVER oz : 607.79
Change : 8.37 or 1.40%

Dow Industrial : 14,824.51
Change : 48.38 or 0.33%

US Dollar Index : 81.415
Change : 0.248 or 0.31%

Today's course for the silver and GOLD PRICES remind me of that last pause under $1,380, just moving sideways, waiting to rise more.

The GOLD PRICE dropped $1.60 (0.1%) to $1,419.00 while the SILVER PRICE gave back 26 cents (1%) to 2439.10. Silver's high hit 2512c, gold's $1,427.65.

OR, if perhaps silver and GOLD PRICES have completed this move up, they might enter now a shallow correction. Say gold backed off 25% of its recent rally, that might take it back to $1,370. If silver lost 38% of its gains off the 1817c low, the would take it back to 2250c. Of course, if gold breaks through $1,425 tomorrow and silver through 2500c, clearly it's not correcting.

Slightly longer term targets remain $1,550 and 2650c.

Y'all remember all the phony evidence the Bushites floated to justify invading Iraq? I don't know why I'd be a-thinking' of that, onless it might be the present Woof-woof the Obamites are a-barkin' over Syria. Why, hear them tell it that Syrian regime is the worst to come along since the devil hisself. Now why would I think about Roosevelt and how he ordered all those ships into Pearl Harbor after Naval Intelligence had cracked the Japanese Purple Code in September and he knew they planned to attack Pearl Harbor? Or the Tonkin Gulf Incident? How do you spell "false flag operation"?

Of course, only a natural born durned fool from Tennessee would doubt the A'mighty federal government!

Stocks dead-cat bounced today. Dow added 48.38 (0.33%) to end at 14,824.51. S&P500 added 0.27% or 4.48 points to 1,634.96. All by itself, that signifieth nothing.

Dow in gold rose 0.44% to 10.447 oz (G$215.96 gold dollars). Way oversold but falling faster and faster anyway.

Dow in silver gained 8.37 oz (1.40%) to 607.79 oz. Also oversold but showeth ne'er a sign of turning up.

Dollar Index is floundering and flopping. Up 0.32% or 24.8 basis points to 81.415 -- neither hot nor cold. 200 DMA stands above at 81.65, so the dollar index lies a ways from rally mode.

Euro lost 0.38% today to $1,3341 and has now stepped under its 20 DMA, first sign of a downturn. The yen, currency of choice for traders who want to hurt themselves, dropped 0.64% today after gaining 1.51% yesterday. Closed 102.41 cents/Y100.

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, August 27, 2013

Gold Price Surged $27.60 Smashing Resistance to Close at $1,420.60

Gold Price Close Today : 1420.60
Change : 27.00 or 1.94%

Silver Price Close Today : 24.651
Change : 0.641 or 2.67%

Gold Silver Ratio Today : 57.628
Change : -0.414 or -0.71%

Silver Gold Ratio Today : 0.01735
Change : 0.000124 or 0.72%

Platinum Price Close Today : 1531.20
Change : -12.40 or -0.80%

Palladium Price Close Today : 749.15
Change : 3.10 or 0.42%

S&P 500 : 1,630.48
Change : -26.30 or -1.59%

Dow In GOLD$ : $215.01
Change : $ (6.69) or -3.02%

Dow in GOLD oz : 10.401
Change : -0.324 or -3.02%

Dow in SILVER oz : 599.41
Change : -23.10 or -3.71%

Dow Industrial : 14,776.13
Change : -170.33 or -1.14%

US Dollar Index : 81.139
Change : -0.252 or -0.31%

The GOLD PRICE surged $27.60 or 2% to smash clean through all that resistance above $1,400 and close at $1,420.60. It ran clear to the next resistance area, and closed near the high. Silver vaulted 64.1 cents (2.7%) to 2465.1c.

All this is fine and makes us want to celebrate, but it reveals the problem with bull market rallies. They get oversold and can stay oversold for a while, and even as you are watching and know they are overdone, you haven't much of a clue when they will expire. I believe the GOLD PRICE will reach $1,550 at least and the SILVER PRICE 2600c to 2700c, but I wouldn't be surprised if they stopped and fell back at any time.

Point is that most likely (I reserve a small off-chance) they bottomed in June. After the beating both took in April and May, they have a lot of re-building to do. Therefore, be patient. Inoculate yourself against any sudden drops OR sudden rises. Remember H.L. Hunt's about never getting too elated in victory or too downcast in defeat.

But for the nonce I expect silver and gold prices to continue rising, and six months or a year from now buying at these prices will look like investing genius. But now you have to buy with one hand and in the other hold a wastebasket to puke in.

Even a natural born fool from Tennessee knows that life ain't easy.

A reader asked me today if the US regime's threats to make war on Syria are driving up silver and gold prices. Good question. With markets, the readiness is all -- I mean, the internal readiness to rise or fall. When they are ready, any old catalyst will do. Silver and gold prices have already been rising for two months so US saber-rattling has little to do with the rally. However, war scares can give gold a little spurt, but in my thirty-three years experience, such scares NEVER make any permanent alteration in the gold or silver market. They blow out as quickly as they blew in.

By the way, the government's propaganda machine has really kicked into high gear suddenly, which indicates that somebody in the US wants that war. The stupidity of meddling in another nation's affairs and trying to overthrow its government, even a very naughty government, ranks right up there with the stupidity of the German, English, French, Russian, Austrian, and Serbian governments in the summer of 1914. Apparently nobody in authority has caught on: wars kill people.

If (I say, If) the threats toward Syria helped silver and gold prices, they poisoned stocks. Dow plunged 170.33 (1.14%) today to 14,777.13, nearing my 14,600 target. S&P500 plunged worse, down 26.3 (1.59%) to 1,630.48. S&P500 in fact gapped down. My 1,590 target draweth nearer apace.

[Long, loud Rebel Yell!] Yes today WAS the day that the Dow in Gold and Dow in Silver fell once again BELOW their long term (about 14 year) downtrend lines. Dow in gold nose-dove 3.02% to 10.401 oz (G$215.01 gold dollars). Eye is set on the 200 DMA at 9.70 oz.

Dow in silver skidded 3.71% or 23.1 oz to perch at 599.41 oz. 200 DMA is a bare 28 oz. below at 571.75.

Why make such a big deal about the 200 DMA? Think about it. In a market locked in a primary downtrend (bear market), most of its time will be spent BELOW its 200 DMA. Rallies above the 200 DMA are either passing and brief anomalies, or, more portentously, reverse the trend. Which is it? You don't know until it resolves one way or the other. The Dow in Gold and Dow in Silver are both re-affirming their downward trend.

Somebody fed the US dollar index ipecac this morning. It dropped 25.2 basis points (0.32%) to 81.139. Yes, y'all are right, that DOES lie below the intermediate uptrend line, and could point the dollar index toward 79. Not done yet, but it could.

Yen took advantage of something today to gap up and above its 20 DMA (103.2). It jumped up 1.51% to 103.08 cents per Y100. Nuts.

Euro rose only 0.16% to $1.3329, and appears to want to fall through its 20 DMA ($1.3326). Watch out.

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, August 26, 2013

Gold Price Closed $1,393 then Traded at $1,404.60 in the Aftermarket

Gold Price Close Today : 1393.00
Change : -2.70 or -0.19%

Silver Price Close Today : 24.010
Change : 0.272 or 1.15%

Gold Silver Ratio Today : 58.017
Change : -0.779 or -1.32%

Silver Gold Ratio Today : 0.01724
Change : 0.000228 or 1.34%

Platinum Price Close Today : 1543.60
Change : 2.90 or 0.19%

Palladium Price Close Today : 746.05
Change : -4.80 or -0.64%

S&P 500 : 1,656.78
Change : -6.72 or -0.40%

Dow In GOLD$ : $221.80
Change : $ -0.52 or -0.23%

Dow in GOLD oz : 10.730
Change : -0.025 or -0.23%

Dow in SILVER oz : 622.51
Change : -9.83 or -1.55%

Dow Industrial : 14,946.46
Change : -64.05 or -0.43%

US Dollar Index : 81.367
Change : 0.003 or 0.00%

The black shirts on the Comex painted the tape with a cosmetic close for the GOLD PRICE, down $2.70 to $1,393. What does that mean? Zip. Nothing. Mouse navel lint.

How can I be so sure? In the aftermarket the GOLD PRICE is trading at $1,404.60 -- strong as a garlic milkshake, to trade through $1,400 resistance in the aftermarket.

Also the SILVER PRICE rose 27.2 cents to 2401c on Comex, and in the aftermarket its trading at 2432.5c.

Can anybody spell "H-o-g-w-a-s-h"?

Silver and gold are both overbought (RSI) and both silver and gold prices will head higher in spite of it. If you have been waiting to see what would happen with the silver and GOLD PRICES, STOP. Stop waiting. It's happening now. Gonna be a good week for metals.

Here's more proof: the Dow in gold fell off 0.23% today to end at 10.73 oz (G$221.80 gold dollars), a gnat's whisker from falling through the long term downtrend line at 10.50oz.

Dow in Silver is even better: down another 9.83 oz or 1.55% to 622.51 oz. After silver closed it traded down to 614.83 oz, right smack on the long term downtrend line.

These two indicators, the most reliable I know, are both shouting and screaming that silver and gold are about to gain beaucoup value against stocks. Ignore at your own peril.

Stocks were in positive territory until about 3:00 p.m. then something happened. Maybe folks got tired of waiting for 4:00, but stocks sank clean through Friday's closes and ended down on the day. Dow peeled off 64.05 (0.43%) to end at 14,946.46, about where it was last Thursday. S&P500 lost 6.72 (0.72%) to 1,656.78.

And the bad news just keeps on coming. For both stock indices today posted the first half of a key reversal with a break to new high territory for the move and a lower close. Lower close tomorrow guarantees more downside for stocks.

Time to sell stocks and put the proceeds in silver and gold.

US dollar index was flat today at 81.367. Dollar's playing a dangerous game, flirting with its intermediate uptrend. I expect it will resolve to the upside, but only because the yen and euro look so sorry.

Euro lost 0.11% today and closed at $1.3369, just waiting to drop. Yen gained 0.24%to 101.52 cents/Y100, enough to stay above its long term trend line but not enough to climb over its 20 DMA (102.25). Going earthward.

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, August 23, 2013

Gold Price Closed $1,395.70 up 1.7% for the Week — Silver Price Closed at $23.73 up 1.8% for the Week

Gold Price Close Today : 1,395.70
Gold Price Close 16-Aug-13 : 1,371.70
Change : 24.00 or 1.7%

Silver Price Close Today : 23.73
Silver Price Close 16-Aug-13 : 23.317
Change : 0.413 or 1.8%

Gold Silver Ratio Today : 58.816
Gold Silver Ratio 16-Aug-13 : 58.828
Change : -0.01 or 0.0%

Silver Gold Ratio : 0.01700
Silver Gold Ratio 16-Aug-13 : 0.01700
Change : 0.00000 or 0.0%

Dow in Gold Dollars : $ 222.32
Dow in Gold Dollars 16-Aug-13 : $ 227.31
Change : -$4.98 or -2.2%

Dow in Gold Ounces : 10.755
Dow in Gold Ounces 16-Aug-13 : 10.996
Change : -0.24 or -2.2%

Dow in Silver Ounces : 632.55
Dow in Silver Ounces 16-Aug-13 : 646.87
Change : -14.32 or -2.2%

Dow Industrial : 15,010.51
Dow Industrial 16-Aug-13 : 15,083.16
Change : -72.65 or -0.5%

S&P 500 : 1,663.50
S&P 500 16-Aug-13 : 1,655.83
Change : 7.67 or 0.5%

US Dollar Index : 81.361
US Dollar Index 16-Aug-13 : 81.281
Change : 0.080 or 0.1%

Platinum Price Close Today : 1,540.70
Platinum Price Close 16-Aug-13 : 1,526.70
Change : 14.00 or 0.9%

Palladium Price Close Today : 750.35
Palladium Price Close 16-Aug-13 : 762.15
Change : -11.80 or -1.5%

What's the score? Silver and GOLD PRICES rested this week after the week before's elephantine gains, but today picked up the ball and began running again. GOLD/SILVER RATIO new low corroborates the metals' rally. Dow measured by metals continue to plunge, and stocks in dollar terms didn't precisely shine, either. US dollar index stayed flat as a central banker's head (yes, I did use that last week, but I like it so much I had to plagiarize it from myself.)

The GOLD PRICE disentangled its feet from the toils and snares of $1,350-$1,375 resistance and jumped $24.50 today (1.8%) to $1,395.70. Tis readying itself for an assault on $1,425 next week -- watch.

Nor did SILVER play the laggard. It leapt 3.05% (70.3 cents) to 2373.3c. In the aftermarket it has traded above 2400c. I don't believe silver will stop before it reaches the dread spot where it fell off in April at 2700c. Gold is targeting $1,550 before the rally relents.

All these indicators are piling up in the same directions: higher prices for silver and gold. Market is handing y'all a rare and enormous opportunity to buy. Go now.

Every day before I write this commentary I usually check the news, then reach for my wastebasket and puke, and continue writing. Today was nastier than usual, nothing but physically disgusting news, mass murderers, regular murderers, porn stars, and repulsive media hogs who have had their self-respect surgically removed. And there was something about that disgusting flat-headed IMF head, Christine Bogard, Laggard, LeGarde, whatever it is. I stopped reading. Couldn't take it. No need to read it, as she will only say, "Print more money!"

Surely somewhere in the world today someone committed some small act of kindness, said some encouraging word, did his duty? That's the only way you can separate yourself from these loonies. In the words of my friend NB, it looks like "Hell is full so the damned are walking the earth."

On to today's markets. Let's start with stocks, because they always stimulate my sarcasm gland. The Dow eked out a close above 15,000, namely, 15,010.51, a 46.77 point (0.31%) gain on yesterday. Here, here -- take my magnifying glass, you'll be able to spot it. S&P500 clumb 6.54 (0.39%) to 1,663.50. After six straight down days, two little days with a 3/4% gain doesn't precisely set the world afire.

Yet 'tis possible that stocks are trying to turn up. Personally, I suspect they will travel a bit lower before turning, maybe to 14,600 and 1,590. Be warned, if they break those levels then they won't make one last high and the Great Panic hath begun.

When I ponder all the signs and indicators that witness together silver and gold prices have bottomed, none is plainer than the Dow in Gold and Dow in Silver. They have dropped like your teenaged heart when you spied your girlfriend out with your rival on Saturday night (Forget her -- she wasn't right for you anyway).

Over the week the Dow in Silver and Dow in Gold both fell another 2.2%. Today the Dow in silver fell a whopping 17.28 oz (2.7%) to 632.47 oz. I beg y'all to call to mind that at about 610 oz. the Dow in Silver will close back underneath its long term downtrend line. 200 DMA awaits at 569.73 oz.

Dow in gold forked over 1.4% today to close at 10.755. Long term trend line awaits below at 10.50 oz, not far. 200 DMA stands at 9.67 oz. Both indicators are flashing a strong signal that stocks are about to lose value sharply against metals. Action? Implies you ought to sell stocks and put the proceeds into gold.

US dollar index cannot make up its mind to rise or fall. Today it peeled off 12 basis points (-.15%) to end at 81.361. Dollar appears to have turned up, but will forfeit that appearance if it can't breast through 82.00 next week.

Of course, the dollar looks good next to the really sorry Japanese yen. It broke its intermediate (since May) support today and only barely closed above it, up 0.8% on the day at 101.35 cents/Y100. Maybe the Nipponese Nice Government Men are targeting 80c/Y100? Lunacy. Pure moonburn.

Euro (I believe) topped two weeks ago, then doubled that top this week. True, it rose today 0.17% to $1.3379, but gravity has the upper hand.

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.



Thursday, August 22, 2013

Gold Price Rose 60 Cents Closing at $1,371.20

Gold Price Close Today : 1371.20
Change : 0.60 or 0.04%

Silver Price Close Today : 23.030
Change : 0.072 or 0.31%

Gold Silver Ratio Today : 59.540
Change : -0.161 or -0.27%

Silver Gold Ratio Today : 0.01680
Change : 0.000045 or 0.27%

Platinum Price Close Today : 1539.20
Change : 21.00 or 1.38%

Palladium Price Close Today : 754.35
Change : 8.35 or 1.12%

S&P 500 : 1,656.96
Change : 14.16 or 0.86%

Dow In GOLD$ : $225.59
Change : $ 0.90 or 0.40%

Dow in GOLD oz : 10.913
Change : 0.044 or 0.40%

Dow in SILVER oz : 649.75
Change : 0.85 or 0.13%

Dow Industrial : 14,963.74
Change : 66.19 or 0.44%

US Dollar Index : 81.478
Change : 0.101 or 0.12%

The GOLD PRICE rose 60 cents to $1,371.20 and the SILVER PRICE climbed 7.2 cents to 2303c. Higher prices in the aftermarket, $1,376.50 and 2313.5c argue this was not the whole story. The gold price is the laggard here. It needs to push through $1,380 and march on.

'Tis comforting at least that silver and gold prices show resilience when they dip, and spring right back. As long as the GOLD PRICE remains above $1,360 and silver above 2250c they'll be fine and keep on rising.

It was a scene out of Atlas Shrugged. Nasdaq exchange computers were shut down for nearly three hours. Didn't work. Closed. A $48 billion a day market, shut down, after similar problems with Goldman Sachs options orders flooding the market on Tuesday.

Maybe nobody is in charge. Maybe it's too big to work any longer. Maybe nobody knows what needs to be done. Ahh, you can't run civilizations this way, at least, not for long.

Notwithstanding Nasdaq's problems, stock indices climbed today. Dow roused itself to step up 66.19 (0.44%) to 14,963.74 while the S&P500 added 14.16 (0.86%) to close at 1,656.96. As Queen Victoria might quip, "We are not impressed." S&P500 did manage to touch, but not close above, its 50 DMA (1,658.87). Looks healthy and fit as a leper colony.

Dow in gold rose a smidge today, 0.4%, altogether nothing on the scales, to 10.913 oz (G$225.59). Dow in silver rose 0.13% (0.85 oz) to close 649.75 oz. No sign of turning up.

US dollar index rose 10.1 basis points (0.13%) to 81.478, trying to edge toward the 200 day moving average above at 81.63. MIGHT have turned around.

Meanwhile the euro narrowly missed the second half of a key reversal by closing today at $1.3356, versus yesterday's $1.3354. Still stinks. Yen tumbled and stumbled, down 1.08% at 101.27 cents/Y100. About to break down out of its major trading channel.

Canary in the mine: US 10 year treasury yield rose again today, now at 2.901, highest level in two years and determined to go higher. Bernanke's strategy, if a sane person can call it that, pivots on that Zero Interest Rate Policy, which now blows in tatters. Market is re-asserting its control over interest rates, and it's saying, "I don't like dollars unless they pay me more interest." Poor Ben. You could feel sorry for him if he weren't a central banker and cosmically disqualified from pity.

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, August 21, 2013

Gold Price Lost $2.50 to End at $1,370.60

Gold Price Close Today : 1370.60
Change : -2.50 or -0.18%

Silver Price Close Today : 22.958
Change : -0.108 or -0.47%

Gold Silver Ratio Today : 59.700
Change : 0.171 or 0.29%

Silver Gold Ratio Today : 0.01675
Change : -0.000048 or -0.29%

Platinum Price Close Today : 1518.20
Change : -6.40 or -0.42%

Palladium Price Close Today : 746.00
Change : -2.75 or -0.37%

S&P 500 : 1,652.80
Change : -9.55 or -0.57%

Dow In GOLD$ : $224.69
Change : $-1.18 or -0.52%

Dow in GOLD oz : 10.869
Change : -0.057 or -0.52%

Dow in SILVER oz : 648.90
Change : -1.53 or -0.24%

Dow Industrial : 14,897.55
Change : -105.44 or -0.70%

US Dollar Index : 81.273
Change : 0.328 or 0.41%

The GOLD PRICE forked over $2.50 to end at $1,370.60 while the SILVER PRICE coughed up 10.8 cents to close Comex, where the tape is always well painted, at 2295.8c.

I would prefer that silver and GOLD PRICES pull up and away from these levels, but they're taking their sweet time digesting the Brobdingnagian gains of the past two weeks. Today's down-then-up action upon the FOMC minutes I interpret as strong. Gold's $1,361.20 low came higher than yesterdays $1,355.09 low.

However, this can't go on forever. Time presses both metals to move forward or fall back. Today's action was indecisive, blowing hot and cold out of both sides of its mouth.

That good old "stabilizing" Fed was out there today again doing what it does best, roiling and boiling markets. First stocks and silver and gold prices went down when they heard the FOMC minutes, then gold and silver rose again, about where they had been. Stocks, on the other hand, never recovered. Then late in the day stocks dropped off more.

Trying to parse the hidden meaning in FOMC minutes is like trying to figure out the words to an Inya song. It appears markets could tell not tell from today's minutes whether the Fed will taper soon or not soon or even at all. Lesson everybody is missing? That the stock and bond markets are ADDICTED to Fed money creation, and that's almost as healthy as meth addiction, but not nearly as much fun.

More on the virtues and benefits of centralization and computerization. Goldman Sachs computer went haywire someway on Tuesday and flooded the stock options market with mistaken orders. Goldman Sachs, which has almost as much integrity as NY mayoral candidate Anthony Wiener, experienced the glitch along with four other specialists.

Enough of this fun. What else happened today?

Stocks lost badly. S&P500 coughed up 9.55 (0.58%) to land at 1,642.80. Dow broke 15,000 and morale by falling 105.44 (0.7%) to 14,897.55.

Chart now appears to say that the last few days pause was not a reversal but merely the halfway mark of the dive. Now seems certain the Dow will strike 14,650 and the S&P500 something near 1,590. I've been expecting another rally toward year end, but if the indices drop through those levels I'll have to re-think and call those May and August tops a "double top." Can't tell yet, though.

If the Dow in Gold and the Dow in Silver were people I'd kiss 'em. They are so reliable when everything else is lying and hem-hawing.

Dow in gold dropped 0.52% today (gold dropped, but stocks dropped faster and further) to 10.869 oz (G$244.69 gold dollars), lighter than yesterday by 0.52%. Plunging through space the Dow in Silver fell 0.24% or 1.53 oz to 648.90 oz.

US dollar index is stymied at 81.40. Today it did climb back above 81 to 81.273 (up 32.8 basis points or 0.42%). Better, but not the sort of action that triggers a mad rush to buy dollars.

Euro gave the lie to yesterday's gap-up rise by posting a lower low for the move with a lower close, first half of a key reversal. Tumbled 0.48% to $1.3354. Perky as Superman shoveling Kryptonite.

Yen lost 0.40% to 102.42 cents/Y100. Closed right at its 20 DMA, trying to break down.

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, August 20, 2013

Right Now, Silver and Gold Prices See No Storm Clouds on their Horizon

Gold Price Close Today : 1,373.10
Change : 6.90 or 0.51%

Silver Price Close Today : 23.066
Change : -0.095 or -0.41%

Gold Silver Ratio Today : 59.529
Change : 0.542 or 0.92%

Silver Gold Ratio Today : 0.01680
Change : -0.000154 or -0.91%

Platinum Price Close Today : 1524.60
Change : 16.50 or 1.09%

Palladium Price Close Today : 748.75
Change : -3.25 or -0.43%

S&P 500 : 1,652.35
Change : 6.29 or 0.38%

Dow In GOLD$ : $226.17
Change : $ (1.26) or -0.55%

Dow in GOLD oz : 10.941
Change : -0.061 or -0.55%

Dow in SILVER oz : 651.30
Change : 2.34 or 0.36%

Dow Industrial : 15,022.99
Change : -7.75 or -0.05%

US Dollar Index : 80.902
Change : -0.381 or -0.47%

GOLD PRICE rose $6.90 to $1,373.10. We may yet see one more little dip before they begin rising again in earnest, but much higher prices will appear before any large drop occurs.

I'm beginning to suspect the SILVER PRICE will beat its way clean to 2650c where it fell away in April before this rally ends. It would be surprising if silver could burst through that resistance on the first try.

GOLD PRICE has an upside down head and shoulder that measures a target of $1,550, right where the April massacre began. As with silver, 'twould surprise if it broke down that resistance at the first try.

Right now, silver and gold prices see no storm clouds on their horizon. We ought to see higher prices this week.

I meant to mention that yesterday US interest rates (reciprocal of bond prices) hit a two year high. They backed off a little today, and the dollar of course dropped with them. Ten year note yield ended today at 2.814% while the US dollar index broke 38.1 basis points (0.5%) to 80.902. US dollar index is right at the "fish or cut bait" line where it must either grab hold and reverse or drop as low as 79. Nothing at all attractive about the dollar right now.

Of course, the yen and the euro don't look any better. Both have faces that would curdle the waves on a bucket of slop. Yen rose 0.34% to 102.86 cents/Y100, but still has no bragging rights. Above its 20 and 50 DMAs, but has no momentum at all to speak of. Euro waxed vigorous today, gapped up, probably on some news that in truth hath no substance, but it rose anyway, 0.62% to $1.3421. This marks a new high for the move and puts the euro right at the upper limit of the six month's trading. I reckon it's possible it could burst through $1.3500 and fly, just doesn't seem likely.

Stocks were bewildered today, Dow down, S&P500 up. Dow lost 7.75 (0.5%) to draw as close to closing below 15,000 as it could -- 15,002.99. S&P500 rose 0.38% or 6.29 to 1,652.35. Both remain below their 50 DMAs (15,272.16 and 1,657.65). They have corrected about 40 - 42% of their preceding rise, so might turn around here, but all indicators still point down.

Dow in gold lost 0.55% today to 10.941 oz (G$226.17 gold dollars). Less than half an ounce takes it back under the long term downtrend line, and it shows no sign of turning up.

Dow in silver gained 0.36% or 2.34 oz to close at 651.3 oz. About another 38 ounces takes it below the long term downtrend line.

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, August 19, 2013

Gold Price Closed at $1,366.20

Gold Price Close Today : 1366.20
Change : -5.50 or -0.40%

Silver Price Close Today : 23.161
Change : -0.156 or -0.67%

Gold Silver Ratio Today : 58.987
Change : 0.159 or 0.27%

Silver Gold Ratio Today : 0.01695
Change : -0.000046 or -0.27%

Platinum Price Close Today : 1508.10
Change : -18.60 or -1.22%

Palladium Price Close Today : 752.00
Change : -10.15 or -1.33%

S&P 500 : 1,646.06
Change : -9.72 or -0.59%

Dow In GOLD$ : $227.13
Change : $ (0.16) or -0.07%

Dow in GOLD oz : 10.987
Change : -0.008 or -0.07%

Dow in SILVER oz : 648.10
Change : 1.30 or 0.20%

Dow Industrial : 15,010.74
Change : -70.73 or -0.47%

US Dollar Index : 81.251
Change : -0.055 or -0.07%

As I observed Friday, GOLD PRICE has it's feet tangled in the snares and nets of $1,350 resistance. It gave up $5.50 today and ended at $1,366.20. The SILVER PRICE lost 15.6 cents to close Comex at 2316.1c.

Daily charts were simply flat corrective patterns, which means both are only taking a nap before continuing higher. Y'all just ponder what happens when the gold price finally wrestles through this resistance and starts running. Y'all may see that this week.

The long correction hath ended. Buy silver and gold now.

I listen bemused to people who threaten and bluster about how they will deal with the tyranny engulfing us, darkly hinting that since the ballot box has failed they will reach for the bullet box -- the last resort. But why would they use the last resort if they haven't used the first, manly opposing tyranny in the public forum and in courts of law? And if they won't risk their ease for liberty, how will they risk their lives?

TODAY'S MARKETS

Stocks have hit and fallen through their 50 DMAs but the bleeding just won't stop.

Dow lost 70.73 (0.47%) today to end barely hovering over 15,000 at 15,010.74. S&P500 lost 9.77 (0.59%) to 1,646.06. I'm having trouble figuring out a reason they shouldn't drop further.

Dow in gold ended almost unchanged, down 0.7% at 10.987 oz (G$227.13 gold dollars). Dow in silver rose a microscopic 1.3 oz or 0.2% to 648.10 oz. Not much further now and both will drop beneath that long term trend line. O, yes!

Currencies were all flat today -- out of gas. US dollar index is barely hanging on above major support, ended at 81.251, down 5.5 basis points. Yen looks rotten at 102.51 cents per Y100 (up 0.03%), and the euro is waiting for gravity to grab hold at $1.3338, up 0.6%.

On 19 August 1934 38 million Germans vote to make Adolf Hitler the successor to President von Hindenburg. Events like this pop to mind when I hear all the blathering about "democracy" and "majority rule." Democracies always end by voting tyrants into power.

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, August 16, 2013

Gold Price Rose 4.4% and Silver 14.3% This Week — Time to Stop Waiting and Buy Silver and Gold

Gold Price Close Today : 1,371.70
Gold Price Close 9-Aug-13 : 1,312.90
Change : 58.80 or 4.5%

Silver Price Close Today : 2331.7
Silver Price Close 9-Aug-13 : 2039.9
Change : 291.80 or 14.3%

Gold Silver Ratio Today : 58.828
Gold Silver Ratio 9-Aug-13 : 64.361
Change : -5.53 or -8.6%

Silver Gold Ratio : 0.01700
Silver Gold Ratio 9-Aug-13 : 0.01554
Change : 0.00146 or 9.4%

Dow in Gold Dollars : $ 227.31
Dow in Gold Dollars 9-Aug-13 : $ 242.88
Change : -$15.57 or -6.4%

Dow in Gold Ounces : 10.996
Dow in Gold Ounces 9-Aug-13 : 11.749
Change : -0.75 or -6.4%

Dow in Silver Ounces : 646.87
Dow in Silver Ounces 9-Aug-13 : 756.19
Change : -109.32 or -14.5%

Dow Industrial : 15,083.16
Dow Industrial 9-Aug-13 : 15,425.51
Change : -342.35 or -2.2%

S&P 500 : 1,655.83
S&P 500 9-Aug-13 : 1,691.42
Change : -35.59 or -2.1%

US Dollar Index : 81.281
US Dollar Index 9-Aug-13 : 81.117
Change : 0.164 or 0.2%

Platinum Price Close Today : 1,526.70
Platinum Price Close 9-Aug-13 : 1,499.00
Change : 27.70 or 1.8%

Palladium Price Close Today : 762.15
Palladium Price Close 9-Aug-13 : 740.65
Change : 21.50 or 2.9%

The GOLD PRICE closed at $1,371.70 today, but its feet are still tangled in that resistance around $1,350. RSI not yet overbought, as silver's is. Time for the gold to play catch-up with silver. Next high hurdle is $1,425, then gold will have to stare down $1,500. Close above $1,550 confirms beyond argument that gold and silver's long correction has ended.

The scoreboard never lies. Been a while since I could write, "Silver rose 14.3% this week and gold 4.4%." GOLD/SILVER RATIO dropped a massive 8.6%. Stocks took a mean whipping with a big stick, down over 2%. US dollar index stayed flat, like a central banker's head. Platinum and palladium gained, but nothing like silver and gold prices.

I'm enjoying the rally, but after the leaps this week witnessed, probably is time to start pondering a small reaction in silver and gold to digest these gains. Gold price rose $10.10 (0.7%) today and closed Comex at $1,371.70. Silver price gained another 38.8 cents (1.7%) to 2331.7c, after gaining 5.27% yesterday, and today smashed through 2300c resistance.

Problem is, The SILVER PRICE Relative Strength Index (RSI) has crossed over into overbought territory, as has the Dow in Silver. Still, overbought can get more overbought, and I still expect silver has 2450 - 2500 cents targeted for this second leg of this rally. (I believe the first ended at that 2059c high on 22 July). Volume tapered off today but overall is rising. Rate of change indicators are all headed up without any break. All the same, eight up-days stretches any market. Time for a breather soon.

Time to stop waiting and buy silver and gold.

Sobering thought is, What is gold telling us about the future?

Stocks had their most miserable week this year. Today the Dow gave up 29.03 (0.19%) to 15,083.16. S&P500 lost 5.49 (0.33%) and drew even with the Dow by also closing below its 50 day moving average.

Incase this moving average talk remains cloudy to you, think about this. A moving average averages the last X days, and on the next day drops the oldest number and picks up the newest, thus "moving." A market above its MAs has upward momentum, a market below downward momentum. Never underestimate the power of inertia.

Dow is probably targeting support from the April and June lows, now about 14,600. Like support for the S&P500 stands now about 1,585, and rising.

For the week the Dow in Silver plunged -- listen to this -- 14.5%! Closed today down another 12.21 oz (1.9%) at 646.87 oz. Dow in Gold fell 6.4% this week, and lost 0.9% today to close at 10.996 oz (G$227.31 gold dollars).

The long term (ca. 14 year) downtrend line for the Dow in Gold stands right now about 10.50 oz and for silver about 610 oz. Once these indicators fall back below those downtrend lines we will have our final confirmation that stocks' rally against metals has well, truly, and permanently ended.

Long term targets are one to two ounces for the DiG and 32 to 16 oz for the Dow in Silver.

US dollar index did not close the week down, but behaved wretchedly anyway. Today it gained 0.14% to 81.281, up 10.9 basis points. Watching these currencies makes me feel like a schizophrenic at a tennis match -- way up one day, way down the next. Euro reversed yesterday's gains today with a 0.9% drop to $1.3335. I think its uptrend hath shattered on a double top. Yen's rise yesterday only filled in a spacious gap left behind when it fell on Tuesday. Lost 0.24% today to 102,.49 cents/Y100.

I am still nonplussed: why would anybody buy these scrofulous, nasty fiat currencies when they could buy silver or gold?

The situation which has been shrouded in murky clouds since before April has now cleared. The massive money creation IVs which have lifted stocks against the primary downtrend is now wearing off. Maybe stocks reach one more high later this year, but the trend is broken, as witness the Dow in Gold and Dow in Silver. After the concentrated attack on silver and gold in April, they bottomed June 27 when they completed the 2011-2013 correction. A very small chance remains metals might plunge once more, but it diminisheth the closer gold gets to $1,550. A close above that negates it altogether.

Time to climb back into silver and gold and OUT of stocks and bonds.

Zut alors! On 16 August 1777 France declared bankruptcy. The continuing insolvency led directly to the widespread loss of respect and esteem for the government and to the bloody revolution.

On 16 August 1896 gold was discovered at Bonanza Creek in Alaska. Man! Those people had to be tough just to reach the Klondike, walking most of the way, never mind living there and mining gold.

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.



Thursday, August 15, 2013

Gold Price Leapt $27.60 or 2.07% to $1,361.60 Today While Silver Outperformed Rising $1.148 or 5.27% to $22.929

Gold Price Close Today : 1361.60
Change : 27.60 or 2.07%

Silver Price Close Today : 22.929
Change : 1.148 or 5.27%

Gold Silver Ratio Today : 59.383
Change : -1.863 or -3.04%

Silver Gold Ratio Today : 0.01684
Change : 0.000512 or 3.14%

Platinum Price Close Today : 1531.40
Change : 27.10 or 1.80%

Palladium Price Close Today : 755.95
Change : 16.50 or 2.23%

S&P 500 : 1,685.39
Change : -8.77 or -0.52%

Dow In GOLD$ : $232.86
Change : $ (6.57) or -2.75%

Dow in GOLD oz : 11.264
Change : -0.318 or -2.75%

Dow in SILVER oz : 668.92
Change : -40.46 or -5.70%

Dow Industrial : 15,337.66
Change : -113.35 or -0.73%

US Dollar Index : 81.710
Change : -0.055 or -0.07%

Long have I waited for the day I could say, "The GOLD PRICE leapt $27.60 (2.07%) to $1,361.60 today while silver outperformed, rising 114.8 cents or 5.27% to 2292.9c."

The SILVER PRICE first. Mercy! Silver leapt clean through all resistance in the 2200 - 2300c range and closed right under 2300c. Now silver is working on the 2480c reaction high after the April attack. Since the measured target for this move is about 2450c, silver should reach 2480c before taking a rest.

Silver is on a tear. Rate of change for 12, 21, and 63 days are all positive - for the first time since February. Silver has risen way above its 20 and 50 DMAs, and the distance between those and the 200 DMA are historically huge, a logical situation for a huge rally.

Silver is leading this rally like Stonewall Jackson fighting up the Shenanadoah Valley. Proving the strength of the rally is the gold/silver ratio, which today fell below 60 to 59.383.

The GOLD PRICE must escape the gravitational pull of $1,350, although it closed above that today. May high for gold was $1,487.20, but the biggest hurdle is $1,500, and beyond that $1,550 where the April debacle began. Next resistance for gold is $1,400. Everything is in place for a huge rally.

Stop waiting. Buy gold and silver.

When my wife looked at the thermometer on our deck this morning it read fifty-eight degrees. In August.

With great delight I saw today the Business Insider Money Game Chart of the Day headlined, "Gold Demand is Evaporating." Data came from the London Bullion Metals Association, Gold Fields Mineral Services, and the World Gold Council. These are the certified Three Stooges of gold forecasting. Haven't gotten anything right yet, although they are "widely respected." Also, presupposition undergirding this -- that a drop in industrial/jewelry demand will sap the future gold price -- doesn't come within two galaxies of correctness. Get this, write it on your eyelids, never forget it: GOLD BULL MARKETS ARE DRIVEN BY MONETARY, NOT INDUSTRIAL, DEMAND. Ditto silver. Next time you hear anybody say otherwise, you know you can stop listening. He doesn't get it.

Why am I delighted? Because these Wrong Way Corrigans always shoot off their press releases at exactly the wrong time. It's like George Bush telling you victory in the war on terror is finally here. This press release virtually guarantees higher gold prices.

Why are media reports about 86% hogwash, other than that the American media continually prostitutes itself to the yankee government and Wall Street? Because they have to find some rationalization for what markets are doing. Other than the fundamentals which move markets slowly and inexorably over time, markets reach within themselves a readiness to move one way or the other. When they do the media, groping for some reason, often misidentify the catalyst as the cause. They do the post hoc ergo propter hoc fallacy really stunningly.

Of course in the frenzied world where many markets are driven by central bank watching -- and remember, the central bankers themselves have no inkling what they will do -- markets do crazy things. A GOOD (that is, lying) government employment report today raised fears the Fed would stop buying bonds, and accordingly sent stocks and the dollar into a tailspin. Folks, Bernanke can no more taper than a heroin addict can "ease off." Those who live by QE die by QE.

Somebody left the man-hole cover off and stocks stepped in and disappeared. Dow lost 225.47 (1.47%) to 15,112.19 S&P500 tumbled 24.07 (1.43%) to 1,661.32. Oooo. S&P500 GAPPED down. Both sliced clean through their 50 DMA, which now moves my targets to 14,700 and 1,560 for these corrections.

[Loud, long Rebel Yell!] Yes, oh, yes, the Dow in metals sank like your grandpa's false teeth when he leaned over the well and smiled. Dow in gold busted down 2.75% to G$232.86 gold dollars ) or 11.264 oz. Dow in silver fell -- Be still, my beating heart! -- 5.7% or 40.46 oz to close BELOW 700 oz at 668.92. Trend vindicated and confirmed!

Now y'all know why I watch those indicators.

US dollar index dropped 53.1 basis points (0.68%) to 81.178, giving up most of the last week's gains. Ten year treasury note yield shot up 1.59% to 2.755%. Ben, Ben, you're gonna need some Aspirin tonight, and maybe some Scotch. Make it a triple.

Yen and euro both shot back up today, but not in an upward reversal, I think. Rather, both were filling in gaps left behind when they broke down. Yen finished up 0.775 at 102.74 cents/Y100. Euro gained 0.68% to $1.3347. Why would anyone buy any of those three scrofulous, nasty fiat currencies when gold and silver are so cheap?

On 15 August 1971 President Richard Nixon reneged on what was left of dollar convertibility into gold by slamming shut the gold window on foreign dollar holders. He also announced a 90 day freeze on wages and prices to halt inflation. Yeah, buddy! That worked to strengthen the dollar.

SPECIAL OFFER: Inventory Cleanup

I've been accumulating onesey-twosey some coins I don't regularly stock, so I'm offering them to y'all at the lowest possible rates. Please order by lot number. First come, first served, no re-orders at these prices. Before you order, read the Special Conditions below, please. Spot gold basis for this offer is $1,361.60, spot silver $22.93.

OFFER No. 1.

Eighteen (18) each Austrian Ten coronas, 90% fine gold (21.6 karat) containing 0.0980 troy ounce fine gold. One lot only of 18 at $140.10 each for a total of $2,521.80 plus $35 shipping totals $2,556.80

OFFER No. 2.

Two lots of 22 each Austrian or Dutch one ducats,

98.67% pure gold containing 0.1106 troy ounce fine gold. Lot of 22 each at $159.60 = $3,511.20 +$35 shipping totals $3,546.20

OFFER No. 3.

Eleven each Austrian Philharmonic (one oz. gold, 99.99 fine), at $1,422.50 (4.5% premium over melt) totals $15,647.50 + $35 shipping equals $15,682.50. One lot only.

OFFER No. 4.

Five each South African Two Rands (0.2354 oz, 22 karat) at $332.50 each plus Five each British sovereigns (0.2354 oz, 22 karat) at $342.90 each for a total of $3,377 + $35 shipping totals $3,412.00. One lot only.

OFFER No. 5.

Four each one half Canadian Maple Leaves (0.5000 oz at 99.99% pure gold) at $714.75, plus Five (5) each 1/10 Canadian Maple Leaves at $150.45, plus $35 shipping totals $3,495.80 Only this one lot.

OFFER No. 6.

Twelve (12) each Swiss twenty francs (0.1867 oz gold content at 90% or 21.6 karat) at $269.95 each (6.2% premium) plus $35 shipping totals $3,274.40. Fourteen lots available

OFFER No. 7.

Ten (10) each Swiss twenty francs (0.1867 oz gold content at 21.6 karat) at $269.95 each (6% premium) plus $35 shipping totals $2,734.50. Only one lot of ten pieces.

OFFER No. 8.

Nine (9) each US $5.00 gold commemoratives of various modern types (0.2419 oz gold content at 21.6 karat) at $347.45, plus Two (2) each US $10.00 gold commemoratives (0.4837 troy ounce fine gold content) at $694.90, plus $35 shipping totals $4,551.85. I have only two lots like this.

OFFER No. 9.

Seventy-five (75) each mixed pre-1905, 1921 Morgan, and Peace dollar at $29.90 each, for a total of $2,242.50 plus $35 shipping or $2,277.50. I have only two lots of 75 coins each. All coins grade Very Good or better, no culls, rim dings, etc.

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 minimum 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.

It increases your chances of getting an order filled if you give me a second choice, e.g., "I want to order One lot of Offer No. 3, but if not available will take One lot of Offer No. 6." ORDERING INSTRUCTIONS:

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

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

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

2. 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 buy 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. "No Nag Basis" means that we allow fourteen (14) days for personal checks to clear before we ship. Want your order faster? Send a bank wire, but that's not required. Once we ship, the post office takes four to fourteen days to get the registered mail package to you. All in all, you'll see your order in about one month if you send a check.

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.



Wednesday, August 14, 2013

Silver and Gold Prices Rose with the Gold Price Up $12.80 Closing at $1,334.00

Gold Price Close Today : 1334.00
Change : 12.80 or 0.97%

Silver Price Close Today : 21.781
Change : 0.445 or 2.09%

Gold Silver Ratio Today : 61.246
Change : -0.677 or -1.09%

Silver Gold Ratio Today : 0.01633
Change : 0.000179 or 1.11%

Platinum Price Close Today : 1504.30
Change : 5.50 or 0.37%

Palladium Price Close Today : 739.45
Change : 1.45 or 0.20%

S&P 500 : 1,685.39
Change : -8.77 or -0.52%

Dow In GOLD$ : $237.67
Change : $ (4.08) or -1.69%

Dow in GOLD oz : 11.497
Change : -0.197 or -1.69%

Dow in SILVER oz : 704.18
Change : -20.00 or -2.76%

Dow Industrial : 15,337.66
Change : -113.35 or -0.73%

US Dollar Index : 81.710
Change : -0.055 or -0.07%

Even a blind hog finds an acorn now and then, and I reckon I judged right about silver and GOLD PRICES yesterday -- they were only pausing before continuing, not beginning a correction.

SILVER PRICES gobbled up 44.5 cents (2.1%) to close at 2178.1, knocking on the next resistance level's door (2200c). Daily chart looks like a helium balloon bumping against the ceiling, looking for a sky-light so it can fly higher. Same holds for gold's daily chart.

Silver has made a sort of flaggy pattern that implies a rise to 2450c. Scoff away, I'm just reporting the chart.

The GOLD PRICE yesterday touched back to its downtrend line and breakout point. It is bunching up again beneath $1,350 resistance. I need not draw y'all a picture of what will happen when the gold price breaches that line, do I? 'Twill be a big jump, panicking all those shorts.

Lo, this rally has WAY more room to run.

I'd live a year in a desert on bread and water just to get to experience one day like today: 82 degrees, light breeze, high sky piled high with clouds. Not your usual August day in Tennessee.

Note, I pray ye, that the heavy blue line indicates the 12 year downtrend. Mark, too, that the DiS broke out through it upside in April, traded as high as 803.16 oz, and now stands at 702.60 oz, and that it falleth apace. Mark also that around 575 oz the DiS will fall through that downtrend line, and at 471.55 oz back under the 200 day moving average.

The Dow in Gold offers a like picture. Broke through the downtrend line in May, reached 12.48 oz, and has rolled over earthward. Will cross that downtrend line about 10.50 oz. 200 DMA is at 8.46 oz. Note on both charts the RSI this spring and summer has been EXTREMELY overbought, more so than at any time in the trend's roughly 14 year history.

What does it say? That the short term trend of metals against stocks has turned down, i.e., stocks are becoming cheaper priced in gold and silver. PROVIDED these indicators keep on falling, they tell us that the lows in metals are behind us, and no matter how much higher the Dow and S&P500 climb before their final peak later this year or early next, stocks won't outdo their already posted highs against metals.

Long term targets are less than two oz of gold to buy the Dow, and less than 64 ounces of silver.

Today the Dow in gold closed down 1.69% to 11.497 oz while the Dow in silver plunged 20 oz (2.76%) to 704.18 oz.

Stocks themselves had a right trying day. Dow lost 113.35 (0.73%) to 15,337.66. S&P500 scraped off 8.77 (0.52%) to close at 1,685.39. Minimum target is the 50 DMA, now 15,277.77 and 1,655.69.

US dollar index coughed up 5.5 basis points (down 0.7%) to 81.71. As long as it remains above its 200 day moving average (now 81.60) it is probably rallying, although it meets some stiff resistance around 82.

Yen gained 0.13% to 101.94 cents/Y100 but looks sick as a cur eating poisoned meat. Gapped down yesterday, lit on its converging 50 and 20 DMAs and perched there today. When it breaks 100.5 cents it will lose lots of friends.

Euro lost 0.7% to $1.3255. It closed below its 20 DMA and looks ready to jump out of the airplane.

On 14 August 1941 President Franklin D. Roosevelt signed the Social Security Act, creating one of the world's largest Ponzi schemes. By denying low income Americans the use of their money to invest for retirement, they are forced to rely on Social Security. Demographics of the US population are exactly contrary of what the Ponzi needs to work, namely, shrinking younger population against a growing older population. A couple of years ago the Ponzi began paying out more than it took in. Bitter disappointment lies ahead for the nation's poor, many of whom have no other source of support. In some parts of the South, a third of the people over 65 have no other support than Social Security.
With THIS system the government replaced the former old age support system: children and families. Not an improvement so far.

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, August 13, 2013

Gold Price Remained Above it's 20 and 50 Day Moving Averages Ending at $1,321.20

Gold Price Close Today : 1321.20
Change : -13.50 or -1.01%

Silver Price Close Today : 21.336
Change : 0.004 or 0.02%

Gold Silver Ratio Today : 61.924
Change : -0.644 or -1.03%

Silver Gold Ratio Today : 0.01615
Change : 0.000166 or 1.04%

Platinum Price Close Today : 1498.80
Change : 1.00 or 0.07%

Palladium Price Close Today : 738.00
Change : 1.30 or 0.18%

S&P 500 : 1,694.16
Change : 4.69 or 0.28%

Dow In GOLD$ : $241.75
Change : $ 2.49 or 1.04%

Dow in GOLD oz : 11.695
Change : 0.121 or 1.04%

Dow in SILVER oz : 724.18
Change : 0.01 or 0.00%

Dow Industrial : 15,451.01
Change : 3.13 or 0.02%

US Dollar Index : 81.736
Change : 0.257 or 0.32%

The GOLD PRICE lost $13.50 to end at $1,321.20 while silver lost 4/10 of one cent to end at 2133.6c.

Got to wonder if that didn't mark the limit, not of the rally, but of the first bursting wave of it. Silver hit 2170.2 about 9:00 a.m. but couldn't hold onto those gains. Spent the rest of the day trading sideways. That might have been enough for it to catch its breath for another leg up tomorrow, but I have no conviction about that. That gap the SILVER PRICE left yesterday looks like a breakaway gap to me, which would mean silver will rise further tomorrow. MACD and RSI are just now looking good, not toppy. But the market tells me, I don't tell the market.

The GOLD PRICE did no more than trade back to its breakout point for one last kiss goodbye. Remained above its 50 ($1,310.75) and 20 ($1,313.59) day moving averages. Remains above the May downtrend line. As with silver, today could have been a one day pause in a longer rise.

Nothing today gainsays my standing interpretation, namely, that silver and gold prices posted their bottoms for the 2011-2013 correction on 27 June, and have begun the next rally. If I'm right, when the gold price crosses that $1,350 a lot of shorts will begin meditating on their mortality and run for cover. That will feed the rally in both metals.

Confirming that interpretation is the plunging GOLD/SILVER RATIO, today at 61.924 ounces of silver to one ounce of gold. It has fallen 6.1% from 65.961 five days ago. Strong witness a rally is starting, but I reckon folks will wait until silver crosses 5000c to buy, wanting to be "sure."

Blamed if I can figure out why markets fall for the good banker/bad banker the Fed plays on 'em. One day one of those Fed goofs says they ought to "taper" tomorrow, and the market jerks. Next day another Fed gooney says, No, the Fed will keep buying bonds till US attorneys start prosecuting too big to fail banks. Did it occur to anyone that in reality the Fed has no idea what they will do or when?

Confusion danced around the room today, sowing the seeds of bewilderment. US dollar index rose 25.7 basis points to 81.736 and climbed above its 200 DMA. That has folks thinking it will rise more, which it probably will. That also has 'em thinking the gold price will suffer, which it probably won't.

Yen broke badly today, down 1.27% to 101.89 cents/Y100. RSI and MACD have turned down, and yen is about to cross below its 20 and 50 day moving averages. Close below 101.50 cents/Y100 opens a manhole below the yen

Euro ain't nothing to brag about, either. It has broken down with an island reversal and today ran into its 20 DMA ($1.3252). Closed $1.3265. Euro and yen are both yelling that the dollar is about to rise.

Ten year treasury not yield gapped up today 4.22% to close at 2.715%. Why, I'm not sure, other than interest rates want to rise, having been kept hugging zero by Bernanke so long. Higher rates would certainly make that ugly-as-five-miles-of-mud-road dollar look prettier.

Stocks dropped off to start the day, but recovered, climbed sharply, then let slip most of the gains. Dow gained 31.33 (0.2%) to 15,451.01 while the S&P500 gained 4.69 (0.28%) to 1,694.16. That doesn't seem like enough correction yet. Expect more downside, to the 50 day moving averages at least, say, 15,275 and 1,650.

Dow in gold rose 1.04% to 11.695 oz (G$241.75 gold dollars), but that hardly helped. Barely put the DiG above its 50 DMA (11.67 oz), but 'twill drop further.

Dow in silver was unchanged at 724.18 oz. Bigger drops coming, whether tomorrow or later. The decisive trend change has taken place, and it turned earthward.

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.