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Monday, September 30, 2013

The Gold Price Lost $11.90 Closing at $1,326.50

Gold Price Close Today : 1326.50
Change : -11.90 or -0.89%

Silver Price Close Today : 21.656
Change : -0.127 or -0.58%

Gold Silver Ratio Today : 61.253
Change : -0.189 or -0.31%

Silver Gold Ratio Today : 0.01633
Change : 0.000050 or 0.31%

Platinum Price Close Today : 1408.10
Change : -6.80 or -0.48%

Palladium Price Close Today : 726.15
Change : -4.65 or -0.64%

S&P 500 : 1,681.55
Change : -10.20 or -0.60%

Dow In GOLD$ : $235.78
Change : $ 0.11 or 0.05%

Dow in GOLD oz : 11.406
Change : 0.005 or 0.05%

Dow in SILVER oz : 698.64
Change : -1.83 or -0.26%

Dow Industrial : 15,129.67
Change : -128.57 or -0.84%

US Dollar Index : 80.218
Change : -0.066 or -0.08%

Same old pendulum swing for Silver and GOLD PRICES today, in the same old trading range. The gold price lost 11.90 and ended Comex at $1,326.50. Silver gave up 12.7 cents to end at 2165.6c.

The daily highs are getting higher, and the lows higher, so there's an uptrend from the September low. Gold's 20 and 50 DMAs ($1,348.53 and $1,347.62) are nearly crossing, the 20 below the 50, which is not good, but the MACD is about to climb above zero. 12 day rate of change just turned positive but the 21 day remains negative.

Like the gold price, the SILVER PRICE has established a little uptrend, but capped just above 2200c. All other indicators speak as gold's.

For right now, silver and GOLD PRICES are just holding on, and nothing suggests they are about to rally. Gold can't pierce $1,340 and silver can't jump over 2200c. Debt ceiling mess is probably hurting metals nearly as much as stocks.

Of course, it will end positively for metals. After the puffing, blowing, and posturing, congress WILL raise the debt ceiling. They can't cut spending, and their little mouse-burp cuts amount to nothing. Wherefore, the Federal Reserve/federal government partnership will continue to inflate the dollar, depreciating it, and driving silver and gold prices higher and higher.

But when there's a big price drop like April's, people's fear drives all this out of their minds.

Markets are not rational.Y'all ask yourself this, as rational folks: Why should a government shutdown send down the stock market? Answer: Federal government spending provides more than 30% of the income in the country. Put another way, Federal government spending plus state and local government spending provide over 50% of the income in America (GDP). If I'm lying, I'm dying.

America really has no economy -- the government IS the economy. Or, only half the people in the country produce something for a living. The other half consume the taxes the others pay, plus all the money the federal government borrows into existence.

Of course, the yankee government will never pay all that debt. They cannot, just as they cannot stop spending, so the debt WILL be repudiated, either by default or by hyperinflation.

But the truth of that obvious conclusion runs so contrary to accepted wisdom -- "what everybody knows" -- that only very few can hear and accept it. People believe what they want to believe.

Stocks took a body blow today from the debt ceiling drama. Dow lost 128.57 (0.84%) to end at 15,129,67. MACD has crossed over and turned down, and the Dow has fallen way below its 50 DMA (15,280) and 20 DMA (15,269.84). RSI points down. Histogram has fallen below zero.

S&P500 wasn't much better. Lost 10.2 (0.6%) to 1,681.55, and it carries all the Dow's same negatives except it hasn't closed below its 50 DMA (1680).

At the end of the Day the Dow in Gold was slightly down, flat really, while the Dow in silver was lower by 0.26% at 698.64 oz. Still below 700 oz.

Ongoing downtrend in Dow in Gold and Dow in Silver argues that gold and silver are about to spend a long time gaining value on stocks, whether stocks rise again or not.

Currencies changed little today. US dollar index, that old charlatan, dropped 6.6 basis points (0.08%) while the Yen and Euro barely moved. Maybe all the Nice Government Men are working around the globe to manipulate currency stability. Maybe they're afraid that the sinking dollar might mess up their party and cost them their cushy jobs.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 2013, The Moneychanger. May not be republished in any form, including electronically, without our express permission. To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold or 18 ounces of silver. or 18 ounces of silver. US $ and US$-denominated assets, primary trend down; real estate bubble has burst, primary trend down.

WARNING AND DISCLAIMER. Be advised and warned:

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

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

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

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

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

One final warning: NEVER insert a 747 Jumbo Jet up your nose.



Friday, September 27, 2013

The Gold Price Nearly Touched its 50 DMA Closing Up $5.90 this Week at $1,338.40

Gold Price Close Today : 1,338.40
Gold Price Close 20-Sep-13 : 1,332.50
Change : 5.90 or 0.4%

Silver Price Close Today : 21.783
Silver Price Close 20-Sep-13 : 21.876
Change : -0.093 or -0.4%

Gold Silver Ratio Today : 61.442
Gold Silver Ratio 20-Sep-13 : 60.912
Change : 0.53 or 0.9%

Silver Gold Ratio : 0.01628
Silver Gold Ratio 20-Sep-13 : 0.01642
Change : -0.00014 or -0.9%

Dow in Gold Dollars : $ 235.67
Dow in Gold Dollars 20-Sep-13 : $ 239.70
Change : -$4.04 or -1.7%

Dow in Gold Ounces : 11.400
Dow in Gold Ounces 20-Sep-13 : 11.596
Change : -0.20 or -1.7%

Dow in Silver Ounces : 700.47
Dow in Silver Ounces 20-Sep-13 : 706.30
Change : -5.84 or -0.8%

Dow Industrial : 15,258.24
Dow Industrial 20-Sep-13 : 15,451.09
Change : -192.85 or -1.2%

S&P 500 : 1,691.75
S&P 500 20-Sep-13 : 1,709.91
Change : -18.16 or -1.1%

US Dollar Index : 80.266
US Dollar Index 20-Sep-13 : 80.454
Change : -0.188 or -0.2%

Platinum Price Close Today : 1,414.90
Platinum Price Close 20-Sep-13 : 1,432.10
Change : -17.20 or -1.2%

Palladium Price Close Today : 730.80
Palladium Price Close 20-Sep-13 : 720.30
Change : 10.50 or 1.5%

Today the GOLD PRICE popped up $14.80 to close at $1,338.40. SILVER gained 6.3 cents (be still, my beating heart!) to 2178.3c.

Y'all know that when your car gets stuck in a mudhole, if you gun it you can rock it back and forth, but you're also burning up tire tread. Is it worth it? Silver and GOLD PRICES are burning up buyers to little purpose trading between $1,322 and $1,340 and 2200c and 2130c.

Both the silver and gold price have formed small uptrends off the 18 September lows. The gold price today nearly touched its 50 DMA (1,347.03) with its $1,345.20 high, but didn't. It did, however, obliterate the possibility that Wednesday and Thursday had posted a downward island reversal. Thus gold remains firmly in limbo, trapped in a trading range, $1,315 - $1,345.

On the weekly chart the gold price must close above $1,434 to break through the downtrend line from the 2011 high. More than that, it needs to clear $1,550, the April breakdown, to prove it has ended its long correction.

Silver's weekly chart says it must cross 2250c to beat that 2011-downtrend line, and 2512 (last high) to gain any attention. Then it needs to climb above 2750c, the April breakdown.

Silver and gold prices didn't arrive in this hole fast, and it looks like they won't climb out too fast, either. Be patient: all the forces of nature, politics, central banking, inflation, stupid human greed, corrupt crony capitalism, and a corrupt populace, half of whom depend on government spending for their income, are all on gold and silver's side. Until gainsaid by lower prices breaking the present short term uptrends, I will continue to assume that the 2011-2013 silver and gold correction bottomed on 27 June 2013.

'Twas a week depressed by the silly debt-ceiling drama in Washington. That's hurting stocks more than metals, but not doing them any good either. Markets hate uncertainty. Stocks dropped a bit over 1%, white metals were mixed, and the US dollar index is struggling to maintain respectability. How can I wax witty describing running in place?

STOCKS. Stocks wrecked today any chance they were forming a falling wedge. Dow lost another 70.06 points (0.46%) and ended at 15,258.24, crashing into its 50 DMA (15,288) and 20 DMA (15,254). Since it did not or has not yet bounced off those moving averages, it's signaling more downward momentum. Relative Strength Index is equivocal but headed down, while the MACD today made a downward crossover. S&P500 doesn't look quite as puking sick as the Dow, but is only hovering above its 50 and 20 DMAs (1680.18 and 1684.74). S&P500 lost 6.92 (0.41%), closing at 1,691.75.

Dow in Gold and Dow in Silver are both trying to roll over for another downleg. Dow in gold lost 1.5% today to end at 11.400 oz, but that's down 1.7% on the week. The DiG's 20 DMA is climbing to meet the falling 50 DMA very soon (11.29 to 11.36), and the DiG stands barely above the 50, 11.40 oz vs. 11.36.

Dow in silver closed down 0.7% today at 700.47 oz, down 0.8% for the week. It stands below its 50 DMA, now 702.31. 20 DMA awaits at 675.09.

Both indicators remain in a downtrend from the June 27 highs, i.e., lows in gold and silver.

CURRENCIES. I believe I'd go ahead and shoot myself and put me out of my misery if my job were managing the US dollar. US dollar index today waffled to the bottom of the little range it has established in the last 8 days. Closed at 80.266, down 26.6 basis points or 0.34%. It has already fallen through support from its bottom channel line from the May 2011 low. If the punier support at 79.50 gives way, the dollar index will spread its wings and fly like a bowling ball.

Dollar weakness left both the competing scrofulous, nasty fiat currencies feeling pretty perky. Euro rose 0.26% to $1.3521, but still appears loath to pull away from $1.35 support and rise. Trend, though, remains up.

Yen gained 0.71% today to 101.77 cents/Y100. It gapped up, even above its 50 DMA, yet still has not undone the damage from its 1 September fall thru support.

Y'all enjoy your weekend!

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 2013, The Moneychanger. May not be republished in any form, including electronically, without our express permission. To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold or 18 ounces of silver. or 18 ounces of silver. US $ and US$-denominated assets, primary trend down; real estate bubble has burst, primary trend down.

WARNING AND DISCLAIMER. Be advised and warned:

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

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

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

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

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

One final warning: NEVER insert a 747 Jumbo Jet up your nose.



Thursday, September 26, 2013

Silver and Gold Prices have Established an Uptrend

Gold Price Close Today : 1323.60
Change : -12.30 or -0.92%

Silver Price Close Today : 21.720
Change : -0.118 or -0.54%

Gold Silver Ratio Today : 60.939
Change : -0.234 or -0.38%

Silver Gold Ratio Today : 0.01641
Change : 0.000063 or 0.38%

Platinum Price Close Today : 1410.20
Change : -18.10 or -1.27%

Palladium Price Close Today : 722.15
Change : -2.05 or -0.28%

S&P 500 : 1,698.67
Change : 5.90 or 0.35%

Dow In GOLD$ : $239.40
Change : $ 3.06 or 1.29%

Dow in GOLD oz : 11.581
Change : 0.148 or 1.29%

Dow in SILVER oz : 705.72
Change : 6.33 or 0.91%

Dow Industrial : 15,328.30
Change : 55.04 or 0.36%

US Dollar Index : 80.548
Change : 0.203 or 0.25%

The GOLD PRICE crawfished $12.30, dropping to $1,323.60. Silver backed off 11.8 cents to 2172c.

Looking at yesterday and today, the gold price may have made an island reversal downward. Yesterday the GOLD PRICE gapped up from about $1,325 to $1,336, traded sideways above $1,332 yesterday and today, then today from $1,332 gapped down to $1,321.60. Clearly it had not yet strength enough to poke through resistance above $1,337, but was strong enough to hold on above $1,320. Gold's as confused as other markets.

So is the SILVER PRICE, yet both silver and gold prices have established a short term uptrend that began with the low on 18 September. Gold's rise has been blocked by $1,340 and silver's by 2200c, but both have been making higher lows. The pattern is a rising flat-topped triangle, a form that usually breaks out upside.

Both silver and gold prices remain in suspense. My assumption continues unbroken that the low for the 2011-2013 correction was posted on 27 June 2013.

Questioning my urgent encouragement yesterday to get out of debt, one reader wrote, "I thought it's good to be a borrower during periods of high inflation. I was thinking of keeping a modest mortgage on this place."

Logic here is that you will repay in dollars cheaper than you borrowed. While that is abstractly true, there's no guarantee that those cheaper dollars will come easier to you than today's dollars. Suppose your wages don't keep pace with inflation, as they never do.

Ignoring also the larceny that dwells in that logic, my get-out-of-debt warning springs from a far deeper motive: you can't break a man that don't borrow. Debt makes you vulnerable because unlike the yankee government, you can't print dollars. You must earn dollars to make payments on the debt, or lose the collateral, maybe even go bankrupt. Problem with a "modest" mortgage is that debt, like whiskey, intoxicates. We take on a little, it makes us feel richer, stronger, braver, better looking, smarter, so we keep adding modest amounts until we're debt-drunk and have sold ourselves into lifetime debt slavery.

Getting out of debt won't deliver you entirely from our lunatic financial and economic system, but it will extricate you from the banks, and put your feet on your own, owned dirt, small and lowly tho it be. You'll be that rarest of creatures today: a debtl-free man.

To me that outweighs the delicious pleasure of cheating a cheater, i.e., paying a bank back with cheaper dollars.

Up one day, down the next, back and forth but without the order or purpose of a pendulum. That's the markets.

Stocks rose because . . .they've been falling for 5 days? Dow hit its 50 day moving average, so we can credit that with the bounce. I suspect buyers are holding off waiting for the government goofs to do something about the debt ceiling.

Dow rose 0.36% (55.04) to 15,328.30. S&P500 rose 5.9 (0.35%) to 1,698.67. May be forming a bullish falling wedge, which would reverse the market upward.

Dow in gold rose slightly, 1.29% to 11.581 oz (G$239.40 gold dollars). Dow in silver gained 0.35% (5.9 oz) to 705.72 oz. Downtrends remain unbroken.

US dollar index rose 20.3 basis points or 0.26%. Unless the dollar can climb above 81.50, it remains in peril of falling through 79.50 and jumping off the Empire State Building.

The timid euro can't pull away from resistance line around $1.3500. Lost 0.27% today to $1.3488. One expects that a punch through resistance as it did about a week ago would carry it higher, but it hasn't. That signals weakness. RSI has rolled over. Surely the euro is set in slippery places.

Yen remains in the downtrend that began in early August. Lost 0.51% today to end at 101.05 cents/Y100 and again below its 50 DMA.

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, September 25, 2013

The Gold Price Rose $19.09 Through it's Resistance to Close at $1,335.90

Gold Price Close Today : 1335.90
Change : 19.90 or 1.51%

Silver Price Close Today : 21.838
Change : 0.299 or 1.39%

Gold Silver Ratio Today : 61.173
Change : 0.075 or 0.12%

Silver Gold Ratio Today : 0.01635
Change : -0.000020 or -0.12%

Platinum Price Close Today : 1428.80
Change : 10.00 or 0.70%

Palladium Price Close Today : 724.20
Change : 5.85 or 0.81%

S&P 500 : 1,692.77
Change : -4.65 or -0.27%

Dow In GOLD$ : $236.34
Change : $ (4.54) or -1.88%

Dow in GOLD oz : 11.433
Change : -0.219 or -1.88%

Dow in SILVER oz : 699.39
Change : -12.56 or -1.76%

Dow Industrial : 15,273.26
Change : -61.33 or -0.40%

US Dollar Index : 80.342
Change : -0.251 or -0.31%

The GOLD PRICE rose sharply today and felt like it was dragging silver with it. I say that because the GOLD/SILVER RATIO actually rose from 61.098 to 61.173 today.

The GOLD PRICE popped up $19.09 (1.5%) to $1,335.90, taking it through a band of resistance that stretches from $1,325 to $1,332. Today also positions the gold price to cross above its 50 DMA (now 1,344.90) tomorrow, or, better yet, $1,350 resistance.

None of this availeth much, however, unless gold jumps through the last high at $1,375.40, then follows through by conquering the August high at $1,434.00.

So far, gold is confirming my suspicions that it has a secret intention not to drop further. That would change if gold traded below $1,305.

The SILVER PRICE jumped 29.9 cents (1.4%) to close at 2183.8 cents on Comex. This is encouraging, this is snappy, this takes silver above its 50 DMA (2181c), but this was not a close above 2200c, or the last high at 2344c. Silver must show us more power.

On the other hand, though, it held nicely above 2130c, and has formed an embryonic uptrend. One strong day would attract buyers like free beer attracts moochers.

Y'all aren't flattering and deluding yourselves that somehow the system will muddle through this chronic financial and economic crisis, are y'all? It won't. The unthinkable WILL happen. Only two outcomes are possible, (1) default or (2) hyperinflation. In no other way can the colossal government debt (and all the rest of the debt) be dealt with. The longer you ponder it, the stronger and more ineluctable becomes this conclusion.

If you are deluding yourself that somehow or other the government-banking cartel can make good on its promises to you -- healthcare, social security, cheap loans, unending prosperity, the good life and the American dream -- you are fooling only yourself, and you will bear the eventual consequences.

Y'all ought to start IMMEDIATELY reducing toward zero your dependence on government and the financial system. If you have debt, give your eyes no rest until it is paid off. Cut up and throw away your credit cards. Learn to admire people who wisely drive used cars instead of accepting debt slavery to buy a new car to look good. Kick in your TV set, get to know your own family and neighbors. Spend time with them and ditch you addiction to digital devices and virtual socializing. Plant a garden. Use cash instead of leaving your money with the banks to use as they will to feed off you and destroy society. Most importantly, start building a future that secures your source of revenue and frees it from the banking system. Oh, buy or develop productive assets, and silver and gold, whose value doesn’t depend on government or banking.

One way or the other, sooner or later, the system will hit the wall in default or hyperinflation. No other exit. Start building the new economy now.

Meanwhile, the farce continues in Washington, propaganda to keep the public hovering always between hope and despair, off-balanced and confused, while the end is plain from the beginning. Congress will vote to raise the debt ceiling, because congress can do nothing else. Survival of the system -- and their jobs -- depends on more borrowing and spending, so they will. The system must borrow or die and inflate or die, and as Joseph Stalin said, "Ruling classes never leave the stage of history voluntarily."

The drama, however, is unsettling stock and currency markets. US dollar index lost 25.1 basis points (0.32%), a sizeable but not extraordinary move. Dollar index now has a floor of support about 80.30. Puncturing that would flatten the dollars tires and send it lower. Critical is the 79.50 level, beneath which lieth only air.

Euro bounced back today on the dollar's woes. Rose 0.41% to $1.3527, but still looks none too ready to climb.

Yen closed 101.57 cents/Y100, up 0.29%. Yen managed to close above its 50 DMA (101.41) today, and the short term downtrend line, but who can picture that the Japanese Nice Government Men who have so diligently wrecked the yen these long months would now let it climb? Unlikely.

The congressional fiasco continues to sap stock market morale. S&P500 and Dow fell for the fifth straight day. Dow closed below its 50 DMA. No change peeking out here.

Dow in gold dropped 1.88% today to 11.433 oz (G$236.34 gold dollars). Dow in silver fell below 700 oz, down 12.56 oz (1.76%0 to 699.39 oz.

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, September 24, 2013

The Gold Price Lost $10.90 Ending the Day at $1,316.00

Gold Price Close Today : 1316.00
Change : -5.60 or -0.42%

Silver Price Close Today : 21.539
Change : -0.266 or -1.22%

Gold Silver Ratio Today : 61.098
Change : 0.489 or 0.81%

Silver Gold Ratio Today : 0.01637
Change : -0.000132 or -0.80%

Platinum Price Close Today : 1425.90
Change : 0.00 or 0.00%

Palladium Price Close Today : 718.35
Change : 3.06 or 0.43%

S&P 500 : 1,697.42
Change : -4.42 or -0.26%

Dow In GOLD$ : $240.88
Change : $ (0.02) or -0.01%

Dow in GOLD oz : 11.652
Change : -0.001 or -0.01%

Dow in SILVER oz : 711.95
Change : 5.62 or 0.80%

Dow Industrial : 15,334.59
Change : -66.79 or -0.43%

US Dollar Index : 80.590
Change : 0.137 or 0.17%

Silver and GOLD PRICES closed lower today, but without much effect on the charts, which have traded sideways for two days. SILVER lost 26.6 cents to 2153.9. Gold misplaced $10.90 and ended Comex at $1,316.00. In the aftermarket they are trading $1,323 and 2167.5c, little lower than yesterday.

What do you make of markets like these? On an end-of-the-day chart, not Comex closes, gold has actually bounced up today and closed 50 cents higher. More, it has bounced off an uptrend line from the June low.

If the GOLD PRICE is so weak, why doesn't it break down? Where are all the sellers hiding. Of course, that it hasn't broken down YET doesn't guarantee that it won't break down at all. Still, it made a low today at $1,312.35 and seems to strengthen whenever it drops down around $1,315 - $1,305.

Maybe silver made an upside down head and shoulders and completed it in early August, maybe it's completing the bottom of a right shoulder presently. Whichever, as long as it can hold on about 2130c (low today 2144.2c), it's still flying like a bumblebee.

If silver and gold prices did not bottom on 27 June and intend one last push down, we will see it by end-October. Otherwise, it's a little hard to picture that the goofs and incompetents in Washington won't drive gold up with their debt ceiling squabble.

Y'all will get a kick out of this. Bloomberg reports that US regulators are investigating how trading in gold financial instruments in New York and Chicago happened so fast after the release of the FOMC statement last week. Trading in gold futures and ETFs intensified within one millisecond of 2:00 pm Eastern Time on 18 September. Buddy, them folks have some reflexes if they can read that statement and hit that button within one millisecond, especially when it takes 7 milliseconds to travel to Chicago from Washington, where the FOMC statement is released.

What's that? Somebody leaked the statement in advance to traders who might profit? Why, perish the thought! Surely y'all wouldn't tarnish the reputation of our Nice Government Men by thinking such thoughts!

Friends, it's ALL for sale, and it's all bought and sold.

'Pears that this time around the debt ceiling debacle is depressing all markets, even gold. Me, I'd be happy as a hog in slop if they all locked horns and the yankee government went out of business come 1 October. What would happen? They would stop sending out "swarms of Officers to harass our people, and eat out their substance"? Stop "keeping among us, in times of peace, Standing Armies"? Stop "subjecting us to a jurisdiction foreign to our constitution, and unacknowledged by our laws, giving assent to their acts of pretended legislation"? Stop "imposing taxes on us without our consent"? Stop "abolishing our most valuable Laws, and altering fundamentally the Forms of our government"?

So, exactly how would we lose by that?

But back to markets. Stocks keep inching toward their 50 Day Moving Averages (15,300 and 1,679). The Dow peeled off 66.79 points (0.43%) for a close at 15,334.59. S&P500 scraped off 4.42 points (0.26%) to land at 1,697.42.

Dow in gold is playing above its 50 DMA, still falling. Ended today practically unchanged at 11.652 oz (G$240.58 gold dollars).

Dow in silver just hit its 50 DMA yesterday, peeked through it today. 50 DMA stands at 707.78, Dow in Silver closed at 711.95 oz, up 0.8% or 5.62 oz.

Big Picture: In May both indicators broke upwards through their ca. 14 year downtrend lines, rallied to a high on 27 June, rolled over, then dropped like a hammer in a beer vat. Toward the end of August both hit their long term downtrend lines, and bounced up in a reaction that has recovered 1/2 to 2-3 of the fall. About time for that reaction to end. Still need both to close below their long term downtrends to breathe completely freely.

No slightest facet of the US dollar index chart inspires confidence or optimism, except statements like, "Well, at least the bottom hasn't fallen out yet!" Dollar gained 13.7 basis points (0.18%) today and ended at 80.590. Should the dollar index fall through 79.5, twill look like a man trying to swim with a 200 lb. anvil for a life preserver.

All that love fest for the euro that poured out of Ferkel's election victory washed away pretty quick. Euro today closed $1.3473, down 0.15% and back beneath its upper channel trading boundary. If I had to name a candidate as catalyst for the next financial panic, it would be the Eurozone. Just bear in mind, a mountebank remains a mountebank even if he speaks Italian or French. A central banking criminal by any other name . . .

Yen rose 0.9% to 101.28 cents/Y100. Directionless. Both Gold in euros and gold in Yen have established and thrice tested uptrends, by the way.

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, September 23, 2013

The Gold Price Lost $5.60 Closing at $1,326.90

Gold Price Close Today : 1326.90
Change : -5.60 or -0.42%

Silver Price Close Today : 21.805
Change : -0.071 or -0.32%

Gold Silver Ratio Today : 60.853
Change : -0.058 or -0.10%

Silver Gold Ratio Today : 0.01643
Change : 0.000016 or 0.10%

Platinum Price Close Today : 1425.40
Change : -6.70 or -0.47%

Palladium Price Close Today : 716.30
Change : -4.00 or -0.56%

S&P 500 : 1,701.84
Change : -8.07 or -0.47%

Dow In GOLD$ : $239.94
Change : $ 0.24 or 0.10%

Dow in GOLD oz : 11.607
Change : 0.011 or 0.10%

Dow in SILVER oz : 706.32
Change : 0.02 or 0.00%

Dow Industrial : 15,401.38
Change : -49.71 or -0.32%

US Dollar Index : 80.457
Change : 0.063 or 0.08%

Silver and GOLD PRICE charts have twisted my brain around to their side. Today silver lost 7.1 cents to 2180.5c while the gold price lost $5.60 to $1,326.90. So? So, the GOLD PRICE did not follow through on last week's weakness, but instead has grabbed hold here around $1,325 support. The mere fact that it held on today shows strength enough.

But the chart also shows an upside-down head and shoulder with a shoulder in May, head in June, and another shoulder in early August. Neckline today comes in about $1,280, so all last week's fainting spell merely took gold for a touchback to the neckline. No cause for panic there. Now if gold broke $1,300, then we might consider just a mild spell of panic, but not much.

The SILVER PRICE has made a pattern much like gold's, but way more complicated. Suffice it to say that a strong support line gradually declines from the April low at 2200c to last week's low at 2123c.

Other indicators -- MACD and RSI -- are either neutral or ambiguous.

Long and short here? As long as the gold price clings above $1,320 or so, it's August - September correction has ended. Bear in mind that any close under $1,320 pretty well nay-says that, and a close below $1,300 fully negates that interpretation.

In the German elections over the weekend perennial Eurozone devotee Angela Merkel won. At least, folks think she won. In fact, as results now stand, she has not enough votes for a majority government and lost her FDP coalition partner. Might have to rule in a minority government, taking fire from all sides.

My wife will skin me and nail my hide to the barn if I don't get out of here fast, so here it comes:

Stocks lost again today: Dow down 49.71 (0.32% to 15,401.38 and S&P500 down 8.07 (0.47%) to 1,701.84. Still looking like Big Bird stepped on the chart. Fifty day moving averages are probably the target.

Dow in gold and silver turned slightly down today. Nothing significant.

US dollar index looks sick. Rose 6.3 paltry basis points today, nothing. And why didn't the euro RISE today on euro-positive news of a Merkel victory? It sank 0.24%. Maybe the result of "buy the rumor, sell the news" but stinks of death to me.

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, September 20, 2013

Silver and Gold Prices Ended the Week Higher — Gold Price Closed at $1,332.50

Gold Price Close Today : 1,332.50
Gold Price Close 13-Sep-13 : 1,308.40
Change : 24.10 or 1.8%

Silver Price Close Today : 21.876
Silver Price Close 13-Sep-13 : 21.67
Change : 0.206 or 1.0%

Gold Silver Ratio Today : 60.912
Gold Silver Ratio 13-Sep-13 : 60.378
Change : 0.53 or 0.9%

Silver Gold Ratio : 0.01642
Silver Gold Ratio 13-Sep-13 : 0.01656
Change : -0.00014 or -0.9%

Dow in Gold Dollars : $ 239.70
Dow in Gold Dollars 13-Sep-13 : $ 242.93
Change : -$3.23 or -1.3%

Dow in Gold Ounces : 11.596
Dow in Gold Ounces 13-Sep-13 : 11.752
Change : -0.16 or -1.3%

Dow in Silver Ounces : 706.30
Dow in Silver Ounces 13-Sep-13 : 709.56
Change : -3.25 or -0.5%

Dow Industrial : 15,451.09
Dow Industrial 13-Sep-13 : 15,376.06
Change : 75.03 or 0.5%

S&P 500 : 1,709.91
S&P 500 13-Sep-13 : 1,687.99
Change : 21.92 or 1.3%

US Dollar Index : 80.454
US Dollar Index 13-Sep-13 : 81.470
Change : -1.016 or -1.2%

Platinum Price Close Today : 1,432.10
Platinum Price Close 13-Sep-13 : 1,443.60
Change : -11.50 or -0.8%

Palladium Price Close Today : 720.30
Palladium Price Close 13-Sep-13 : 697.50
Change : 22.80 or 3.3%

For a week that wore so hard on the nerves and posted such big jumps Wednesday, it showed little difference in the end. For the week silver and GOLD PRICES, which starved my ego today and fed my humility, in fact ended higher by 1% and 1.8%. Yes, higher. Stocks rose, but the Dow rose only one-half percent and the S&P500 1.3%. The white metals, platinum and palladium, gainsaid each other, platinum lower and palladium higher. Biggest loser was the dollar index, where a 1.2% loss is a big move, and punctured long established support.

Silver and GOLD PRICES acted just like the stock market today, giving up most of the gains from Wednesday. Silver gained 8% yesterday, and gave up 5.9% or 136.6 cents today to close Comex at 2187.6 cents. Gold gained 4.7% yesterday, and lost 2.7% today, or $36.90 closing at $1,332.50.

I am tempted to say gold's failure to hold above $1,350 support dooms it to a large fall. That was terrible behavior. Then I look at the chart. Last low hit $1,291.50. Support lies at $1,325 and just above $1,300. I stared longer. Last three days might mark the beginning of a long down leg that runs to $1,240 or even lower. But then again, it might be only the bottom of the first leg up in a new upleg. The former is more likely, but the latter is possible. MACD and RSI are neutral. The gold price also stands below its 50 DMA ($1,342.56), another negative.

The SILVER PRICE, on the other hand, at 2187.6c stands above its 2170c 50 DMA. If I were silver and filling out an upside down head and shoulders, I'd do exactly what silver has done. But if silver closes below the last low at 2126, that formation will be ruled out.

In the end, both silver and gold prices stand at the same crossroads. If the gold price falls through $1,291.50 and the silver price through 2125c, they will drop toward $1,240 and 1900c. If they break not those marks, they will turn and climb.

Come to think of it, the present debt ceiling war between Bernard O'Bama and the Lilliputian congress might provide enough hot air to draft gold up.

First two days of next week are critical. If silver and gold prices hold, they'll rally. If not, they could decline into an October low.

How'd y'all like that taste of Federal Reserve stability this week? Right, the Fed stabilizes like a tornado. Wednesday the markets that supposedly thrive on a weak dollar soared on the FOMC's announcement they would not be tapering any time soon, say, before the 21st century ends. Think of it this way: yesterday Ben Bernanke sent a personal note to you, me, and everybody in the US reading, "We are going to keep on creating money -- lots of money."

Wherefore, burn this bottom line into your brain: gold and silver will rise. After this indecision ends, probably by the time October expires, gold and silver will begin a rally that will reach far higher, and move faster, than anything you've seen so far. You have Ben Bernanke's word on it.

Stocks stumbled badly today. Dow lost 185.44 (1.19%) to 15,451.09 while the S&P500 gave up 12.43 (0.72%) to 1,709.91. This leaves a really stinking Big Bird footprint on the chart: bit jump Wednesday, little toe of a fall yesterday, big fall today taking them below where they started. Feels very toppy and sets up stocks for visit to 50 day moving averages (15,305 and 1679).

After yesterday's sharp fall, the Dow in Gold and Dow in Silver rose a bit today, but remain firmly in a downtrend from the June Highs. Odd -- the Dow in gold is above its 50 DMA (11.42 oz) but the Dow in Silver remains below its 50 DMA (710.57 oz). Dow in gold today rose 1.5% to 11.596 oz (G$239.70 gold dollars). Gaining 5%, the Dow in silver added 33.36 oz to end at 706.30.

US Dollar Index gained 11.1 basis points (0.14%) today but did nothing to prettify its hair-raising chart. Wednesday's fall dragged the dollar index under water. It punctured support that had held since May 2011. Dollar index has a chance of catching at 79.50, but beneath that it will fly like an anvil pushed out of a 747 Jumbo Jet.

Wednesday the euro punched through resistance stretching back to February of this year, poked its head around, and fell back to that line. Today the euro lost a piddling 0.08% to end at $1.3523. Should the euro not fall back through that resistance, 'twill point toward $1.3700.

Japanese yen keeps trading sideways, carefully managed, I reckon, by the Japanese Nice Government Men. Gained 0.14% today to 100.68 cents/Y100.

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, September 19, 2013

The Gold Price Rose 4.7 Percent Closing at $1,369.40 — Silver Price Up 8 Percent Closing at $23.24

Gold Price Close Today : 1369.40
Change : 61.60 or 4.71%

Silver Price Close Today : 23.242
Change : 1.728 or 8.03%

Gold Silver Ratio Today : 58.919
Change : -1.869 or -3.07%

Silver Gold Ratio Today : 0.01697
Change : 0.000522 or 3.17%

Platinum Price Close Today : 1472.40
Change : 47.80 or 3.36%

Palladium Price Close Today : 736.55
Change : 35.10 or 5.00%

S&P 500 : 1,722.34
Change : -3.18 or -0.18%

Dow In GOLD$ : $236.04
Change : $ (11.76) or -4.74%

Dow in GOLD oz : 11.419
Change : -0.569 or -4.74%

Dow in SILVER oz : 672.77
Change : -55.91 or -7.67%

Dow Industrial : 15,636.55
Change : -40.39 or -0.26%

US Dollar Index : 80.345
Change : 0.075 or 0.09%

Today the GOLD PRICE rose $61.60 (4.7%) to $1,369.40 and silver gained an eye-popping 172.8 cents (8%) to 2324.2c. Remember, those are the gains from yesterday's low Comex closes, not the gains from the end-of-day prices. Clearly, this demands we act, and I'll tell you how below.

Final proof of the silver and GOLD PRICE reversal will come tomorrow or next day when gold closes above $1,385 and SILVER above 2400c. Still needed after that is silver above 2500c and gold above $1,434.

Should you wait for the confirmations to buy? I don't think so, after a powerful reversal like we saw yesterday and today. I think it's time to load up the wagon, but then I am a plunger and a risk taker, as well y'all know. Past that, Bernanke has proven once again -- did y'all really NEED for it to be proven again? -- that the only answer Our Masters have to economic crisis and depression is "print more money." That makes silver and gold as near a sure thing as y'all are ever likely to see.

I'm sorry I missed sending y'all a commentary yesterday, but I was tied up with a crew filming a documentary about people who leave the city for an agrarian life in the country, "Beyond Off the Grid." Y'all go check it out at http://beyondoffgrid.com, and if you like the idea, you can help them out. I have already.

Y'all already know what my commentary for yesterday would have sounded like, pennants of sarcasm floating with streamers of cynicism and "I-told-y'all-sos." Alas, I didn't get to send forth those streamers and pennants yesterday, so will compensate today. I will drink in great draughts of daily news and government lies and Fed propaganda to stimulate my sarcasm gland. I really want to say, "I told y'all they wouldn't taper,' but I will forego that pleasure for the sake of humility.

Bernanke and the other criminals at the Fed sucked in the world's wise ones (and economists) on Wall Street and the media with tales of tapering. Alas, the victims learned yesterday 'twas only 'twaddle, idle jawboning to deceive the gullible. 'Tis easy to lie. Lenin gave Felix Dzherzhinsky, his secret police chief, the key to getting lies believed: "Tell them what they want to hear." Seems Bernanke and the FOMC read Lenin's book.

Yea, the almighty Fed even backed off its claims of prescience (claims upon which its raison d'être is pyramided) and lowered its economic growth forecasts for 2013 and 2014. Wait, wait -- you mean we're NOT better off having "experts" running things? You mean "Ph.D" actually does stand for "Piled Higher and Deeper"? You mean academics who have never run a business or met a payroll in their lives don't really know how to run the world's biggest economy?

Well, shucks. I am well and truly disillusioned.

Now, on to markets.

Remember that Comex closes at 1:30 Eastern, BEFORE the FOMC bloviation takes place. So yesterday silver closed at 2151.4c, down 22.1 cents and gold at $1,307.80, down $1.70 (yet above that critical $1,300). Lo, and Behold! Ben mumbled, and the net was "We ain't gonna taper until 2014, if ever."

Markets went wild. Stocks soared and in fifteen minutes gold gained $50 (3.8%) and silver 100 cents (4.6%). Blew right thru resistance levels. And closed higher today, along with breaking into new low territory yesterday and closing higher today. Bingo! Complete key reversal, confirmed.

Stocks jubilated yesterday. Dow hit a new all time high at 15676.94, and a new intraday high at 15,709.58. S&P500 also struck a new high at 1,725.52.

Today stocks sang not quite so sweetly. Dow gave back 40.39 (0.26%) to 15,636.55 while the S&P500 lost 3.18 (0.18%) at 1,722.34. We have no way of knowing yet, but this third peak in a series of slightly higher peaks would paint a perfect top on this counter-cyclical rally in the on-going stock bear market.

Ahh, but the self-satisfied chortling really becomes shameless when I cast my eye on the Dow in Gold and Dow in Silver. Yea, Validation, thou art sweet!

Dow in gold closed sharply down today, 4.74% at 11.419 oz (G$236.04 gold dollars), confirming yet again that the June high was THE high. Dow in silver was turned back by its 50 DMA (711.87) and lost 7.67% or 55.91 oz today, ending at 672.77 oz. They won't pass these heights again.

Yesterday the US dollar index lost 106 basis points or 1.30% and ended at 80.23. Think about what happens when you are leaning over the rail of the ferry looking at the water, lean too far and your glasses fall out of your pocket. That's what the dollar index chart looks like. Fell plumb through support at 81, past the August low at 80.77 and the June low at 80.50. It will not pass this way again. All that remains for the dollar to turn down without recall is a close below 79.50.

The Nice Japanese Government Men must have stayed up all night selling yen against that falling dollar tide cause today the yen closed 100.57, down 1.43%. That strikes me as against nature, if not a crime against nature.

Scrofulous, nasty euro was the big gainer from the dollar's plunge. Shot up yesterday and rose another 0.13% today to end at $1,3531, above $1.3500 resistance and apparently headed much higher. In the country of the blind, the one-eyed currency is king.

Bond yields fell yesterday (bond prices rose), but that won't last. Interest rates will have to rise to compensate bond holders for the certainty of dollar depreciation. Bernanke's zero interest rate policy is doomed, and so is the bubble in bonds it blew up. FOMC's announcement might have bought it a little time, but its doom is sealed.

I don't ask y'all for much or ask often, but I would like to ask a favor. I have a beloved friend, Fiona, who has been diagnosed with several tumors, including one in her brain. She has a husband and a little boy six. I would deeply appreciate your prayers on her behalf. For this I need y'all's help.

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, September 18, 2013

The Gold Price Closed at $1,307.60

Gold Price Close Today : 1,307.60
Change : -1.80 or -0.14%

Silver Price Close Today : 21.56
Change : -0.17 or -0.79%

Gold Silver Ratio Today : 60.64
Change : 0.39 or 0.65%

Franklin Sanders 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.



Tuesday, September 17, 2013

The Gold Price Lost $8.40 to Close at $1,309.50 while Silver Closed Down at $21.73

Gold Price Close Today : 1309.50
Change : -8.40 or -0.64%

Silver Price Close Today : 21.735
Change : -0.228 or -1.04%

Gold Silver Ratio Today : 60.248
Change : 0.243 or 0.40%

Silver Gold Ratio Today : 0.01660
Change : -0.000067 or -0.40%

Platinum Price Close Today : 1421.80
Change : -18.80 or -1.31%

Palladium Price Close Today : 705.25
Change : 0.95 or 0.13%

S&P 500 : 1,704.76
Change : 7.16 or 0.42%

Dow In GOLD$ : $245.15
Change : $ 2.11 or 0.87%

Dow in GOLD oz : 11.859
Change : 0.102 or 0.87%

Dow in SILVER oz : 714.50
Change : 9.01 or 1.28%

Dow Industrial : 15,529.73
Change : 34.95 or 0.23%

US Dollar Index : 81.260
Change : 0.187 or 0.23%

The GOLD PRICE misplaced $8.40 and closed at $1,309.50 while the SILVER PRICE lost 22.8 cents to end at 2173.5 cents. Problem is not so much they're breaking down as they give no evidence of turning up.

We're just stuck here, waiting to see whether they will catch and hold at the necklines (about $1,300 for gold and about 2165c). If they break those levels, the GOLD PRICE will drop to $1,280 or lower, silver to 2000c or lower. "Or lower" means back to or past the June lows at 1817c and $1,180.

Y'all raise your eyes back up to the horizon: this decline will end before October ends. If it makes a lower low than 27 June, that will mark the end of the 2011-2013 correction. If it makes a higher low, that will confirm the 27 June posting as the low. Either way, silver and gold prices will begin moving up, and -- y'all listen now -- will gain more from here than they have gained through the whole life of this bull market.

Long as an alcoholic can still manage to buy more booze, everything's rosy. Doesn't matter that his marriage is tanking, his job's shaky, his friends have dropped him, as long as the booze flows, he's okay.

And while the worlds greatest alcoholic, the US government, careens lurches toward the gutter, there's still good news: Price-cutter Janet Yellen is about to open another liquor store, so the supply of new booze/new money will keep on streaming.

Reality lies nowhere on the horizon of these people. It's like people who live next door to a paper mill. The smell would kill any stranger, but they've lived with it so long they can't even smell anything bad.

Interesting -- the Dow and the S&P500 are right close to their all time highs, but the Dow in Gold and Dow in Silver stand significantly below their highs. Dow in gold today closed 11.859 oz (G$245.14 gold dollars, up 0.87%) against a 27 June 2013 high of 12.51 oz. Dow in silver ended at 714.50 oz (up 9.01 oz or 1.28%) against an end-June high of 816.77 oz. That's right, silver has been much stronger than gold.

Dow closed today at 15,529.73, up 34.95 or 0.23%. S&P500 gained 7.16 (0.42%) to 1,704.76. Got the bit between their teeth and running away!

I missed noting yesterday that the US dollar index gapped down, below that uptrend line from a May 2011 low. If I were a Roman haruspex, I would say this sheep had a very ugly liver. That trend line forms the bottom of a long rising wedge, which points ultimately to a downward outcome for the dollar. Has the time come?

This tumble has delighted the euro, which closed today at $1.3359, up 0.15%. Barrier stands at top of the range about $1.3450.

Yen fell 0.07% today to close 100.88 cents/Y100. Beneath its 20 and 50 day moving averages, and the 20 just crossed beneath the 50. As those bearers used to say in the old Tarzan movies when they heard the war drums throbbing through the jungle, "Bad juju, bwana."

On 17 September 2008 fell the house of Lehman Brothers, precipitating the Great Financial Panic of 2008. 'Tain't over yet.

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, September 16, 2013

Silver and Gold Prices Rose Today — Gold Price Closing at $1,317.90

Gold Price Close Today : 1317.90
Change : 9.50 or 0.73%

Silver Price Close Today : 21.963
Change : 0.293 or 1.35%

Gold Silver Ratio Today : 60.005
Change : -0.373 or -0.62%

Silver Gold Ratio Today : 0.01667
Change : 0.000103 or 0.62%

Platinum Price Close Today : 1440.60
Change : -3.00 or -0.21%

Palladium Price Close Today : 704.30
Change : 6.80 or 0.97%

S&P 500 : 1,697.60
Change : 9.61 or 0.57%

Dow In GOLD$ : $243.04
Change : $ 0.11 or 0.05%

Dow in GOLD oz : 11.757
Change : 0.005 or 0.05%

Dow in SILVER oz : 705.49
Change : -4.06 or -0.57%

Dow Industrial : 15,494.78
Change : 118.72 or 0.77%

US Dollar Index : 81.260
Change : 0.187 or 0.23%

Silver and GOLD PRICES rose today. Silver gained 29.3 cents to 2196.3 and the gold price added $9.50 to $1,317.90, bouncing off the same low as Fridays, $1,307 and change.

If I've drawn the neckline for gold's upside-down head and shoulders correctly, then that $1,307 is about where it sits. That makes the last two week's action nothing more than a touch back for a kiss good-bye Course that'll all blow up like your daddy when he found that package of Lucky Strikes in your 12-year old back pocket if gold drops below $1,300, but the market will tell us.

If the neckline of silver's upside-down HandS runs about 2500c, then the top of the shoulders runs about 2190 - 2200c. Accurate or note, 2140c marked the low on Friday, so a close below that, which coincides with the 50 DMA at 2146c, would take silver lower.

I certainly don't dismiss the possibility of a drop much lower, but right now both metals are playing around their 50 DMA (yes, gold is lower). Everybody is expecting lower silver and GOLD PRICES, but markets have a way of fooling folks.

The lore of the sailor sayeth that whenever rats stream off a ship in port, they are signaling that once it leaves port, that ship won't come back. Rats, you see, have a sixth sense that warns them of forthcoming events.

Speaking of rats, Larry Summers announced today that he would not accept appointment as the Chairman of the Federal Reserve. What do y'all think that Larry, in the opinion of many as big a rat as ever scoured a dumpster for dainties, knows that the other rats don't?

Maybe the SILVER and gold price know the same thing Larry Summers knows.

And don't ever forget this other ancient seaman's proverb: "A nation without a central bank is like a fish without a bicycle."

On the news that Larry cared not to climb aboard the sinking ship of state, the stock market went loony. Twas widely (not wisely, but widely) assumed that Larry (engineer of the "strong dollar policy" and probably of the gold price suppression scheme) would not create new dollars so generously and hectically as Ben. Never mind for the nonce, you rationalist, that no nation ever has or ever will printed its way to prosperity, that appears to be what stock markets believe. So removing Larry and making Janet Yellen (where do they get people with these goofy names?) the confirmed money-printress Fed chairman must mean Happy Days Are Here Again. Dow rose 118.72 to 15,494.78 (up 0.77%) and the S&P500 rose 9.61 (0.57%) to 1,697.60.

Yea, even the vigilantes of the bond market were fooled. Ten year treasury yield dropped 0.83% to 2.874% (bond prices rose). Maybe somebody can tell me one day (I am such a durned natural born fool from Tennessee that I am not smart enough to grasp it) how the prospect of printing MORE dollars makes holding bonds more attractive, since they are only promises to pay future dollars, now guaranteed to be worth ever less than today.

I'm tellin' y'all, them boys in Warshingtun done figured out a perpetchul moshun mo-sheen. They can fix anything and guarantee prosperity forever by just cranking up the press and printin' more money.

Personally I'm a-thinkin' this is about as good as it gets for stocks, but what do I know?

US dollar rose (that's right, rose) 18.7 basis points (0.24%) to 81.26. However, the yen and euro also rose. I reckon this IS the best of all possible worlds, where everybody's prosperous, the government is always right, and even central bankers are loved.

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, September 13, 2013

Gold Prices Lost $22 Today to Close Comex at $1,308.40

Gold Price Close Today : 1,308.40
Gold Price Close 5-Sep-13 : 1,373.10
Change : -64.70 or -4.7%

Silver Price Close Today : 21.67
Silver Price Close 5-Sep-13 : 23.206
Change : -1.536 or -6.6%

Gold Silver Ratio Today : 60.378
Gold Silver Ratio 5-Sep-13 : 59.170
Change : 1.21 or 2.0%

Silver Gold Ratio : 0.01656
Silver Gold Ratio 5-Sep-13 : 0.01690
Change : -0.00034 or -2.0%

Dow in Gold Dollars : $ 242.93
Dow in Gold Dollars 5-Sep-13 : $ 224.88
Change : $18.05 or 8.0%

Dow in Gold Ounces : 11.752
Dow in Gold Ounces 5-Sep-13 : 10.879
Change : 0.87 or 8.0%

Dow in Silver Ounces : 709.56
Dow in Silver Ounces 5-Sep-13 : 643.69
Change : 65.86 or 10.2%

Dow Industrial : 15,376.06
Dow Industrial 5-Sep-13 : 14,937.48
Change : 438.58 or 2.9%

S&P 500 : 1,687.99
S&P 500 5-Sep-13 : 1,655.08
Change : 32.91 or 2.0%

US Dollar Index : 81.470
US Dollar Index 5-Sep-13 : 82.640
Change : -1.170 or -1.4%

Platinum Price Close Today : 1,443.60
Platinum Price Close 5-Sep-13 : 1,481.20
Change : -37.60 or -2.5%

Palladium Price Close Today : 697.50
Palladium Price Close 5-Sep-13 : 685.50
Change : 12.00 or 1.8%

What might make me interrupt my vacation to send you a commentary? Well, the silver and GOLD PRICES falling to or past critical support levels.

Two interpretations present themselves, and they gainsay each other. Both can't be right.

Both silver and GOLD PRICES have been rallying and have formed an upside-down head and shoulders formation, which presages a rise at least the height of the head from the neckline, for silver 2650 cents and for gold $1,550. But what ho! They broke this week. What now?

Either the upside down HandS will vindicate itself and silver and gold prices will grab here and reverse, OR metals face another plunge down to validate or exceed the 27 June lows.

If we're watching an upside-down HandS, silver and gold prices have sunk as far as they are allowed. The gold price broke its 50 DMA (1333.31) and hit the neckline Silver hit the neckline, too, and touched its 50 DMA (2139c).

Gold price lost $22 today to close Comex at $1,308.40. SILVER PRICE lost 42.9 cents to end Comex at 2167c.

If this really is the correct interpretation, then silver and gold will both turn up next week. No time or room to tarry here.

The other interpretation says that the rally from the June lows has only been a countertrend rally, and the long correction from 2011 through 2013 needs one more leg down, perhaps to $1,280, perhaps lower than $1,180. If this is correct, silver and gold will suffer a weak September and an October low,.

Don't bother throwing any rocks at me, I don't know which the final outcome will be. I can only look at possibilities and humbly advance an opinion.

Now of this changes the dangerous world we live in, where all "authorities" sing that everything has been fixed and that we can print our way to prosperity, world without end, Amen. I may be no more than a natural born fool from Tennessee, but I ain't that big a dad burned fool, not by a long shot.

Dow in gold today closed at 11.752 oz, up today 2.2% (G$242.93 in gold dollars) Dow in silver closed up 2.5% or 17,19 oz at 707,56 oz. Dow in Gold has retraced its fall from the June 27 high back up to the downtrend line. That argues one of two things: either it's going lots higher, or the correction has exhausted itself and will very soon reverse.

Dow in silver isn't nearly as clear. Unlike the Dow in Gold, it has not climbed through its 20 and 50 DMAs, but only the 20 DMA. 50 lies above at 720.24 oz. Comparable downtrend line to gold's hits today about 780 oz., so it must climb considerably higher before it equals gold.

Both these indicators argue that the metals' decline is nearing an end. On the other hand, "a trend in force remains in force until proven otherwise." Neither gold nor silver have disproven the long correction's downtrend by closing above their April breakdowns ($1,550 and $27.00). Right now that seems the more powerful argument to me.

Another little fact is the strong rebound in the metals' aftermarket. Gold jumped up from $1,308.40 to $1,323.50 and silver from 2167c to 2219c. Of course, nothing more than traders covering their shorts after a profitable week might account for that.

US dollar index remains strangely weak, and has backed down to its major uptrend line again. Closed today 81.47, down 5.4 basis points but down 1.4% on the week. Euro and yen went nowhere big. Euro climbed to $1.3303 today (up 0.18%) and yen lost 0.37% to 99.21 cents/Y100.

Stocks proved a rally this week, or reacted positively to news that Syria would not immediately blow up the world. Dow closed up 75.42 today at 15,376.06 and S&P500 at 1687.99, up 4.57%. Heading up for a final top, I reckon.

I'm going back to the beach.

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, September 12, 2013

Gold Price Closed Down at $1,330.60

Gold Price Close Today : 1,330.60
Change : -33.20 or -2.43%

Silver Price Close Today : 22.10
Change : -1.02 or -4.42%

Gold Silver Ratio Today : 60.21
Change : 1.23 or 2.08%

Franklin Sanders will be on vacation from the 6th through to 15th of September and will not be publishing any commentaries during this time. Daily gold and silver price closes will be published during this time.

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, September 11, 2013

Gold Price Closed Today at $1,363.80

Gold Price Close Today : 1,363.80
Change : -0.20 or -0.01%

Silver Price Close Today : 23.12
Change : 0.15 or 0.67%

Gold Silver Ratio Today : 58.99
Change : -0.41 or -0.68%

Franklin Sanders will be on vacation from the 6th through to 15th of September and will not be publishing any commentaries during this time. Daily gold and silver price closes will be published during this time.

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, September 10, 2013

Silver and Gold Prices Closed Lower at $22.97 and $1,364.00

Gold Price Close Today : 1,364.00
Change : -22.70 or -1.64%

Silver Price Close Today : 22.97
Change : -0.07 or -2.97%

Gold Silver Ratio Today : 59.39
Change : 0.80 or 1.37%

Franklin Sanders will be on vacation from the 6th through to 15th of September and will not be publishing any commentaries during this time. Daily gold and silver price closes will be published during this time.

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, September 09, 2013

The Gold Price Closed Slightly Higher at $1,386.70

Gold Price Close Today : 1,386.70
Change : 0.20 or 0.01%

Silver Price Close Today : 23.67
Change : -0.17 or -0.73%

Gold Silver Ratio Today : 58.59
Change : 0.44 or 0.75%

Franklin Sanders will be on vacation from the 6th through to 15th of September and will not be publishing any commentaries during this time. Daily gold and silver price closes will be published during this time.

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, September 06, 2013

Silver and Gold Prices Closed Lower This Week with the Gold Price Closing at $1,373.00

Gold Price Close Today : 1,373.00
Gold Price Close 30-Aug-13 : 1,396.10
Change : -23.10 or -1.65%

Silver Price Close Today : 23.21
Silver Price Close 30-Aug-13 : 23.463
Change : -0.25 or -1.08%

Gold Silver Ratio Today : 59.17
Gold Silver Ratio 30-Aug-13 : 59.502
Change : -0.33 or -0.56%

Franklin didn't publish commentary today, next commentary will be on 16 September.

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, September 05, 2013

Silver and Gold Prices Are Correcting Offering a Great Chance to Buy

Gold Price Close Today : 1,373.10
Gold Price Close 30-Aug-13 : 1,396.10
Change : -23.00 or -1.6%

Silver Price Close Today : 23.206
Silver Price Close 30-Aug-13 : 23.463
Change : -0.257 or -1.1%

Gold Silver Ratio Today : 59.170
Gold Silver Ratio 30-Aug-13 : 59.502
Change : -0.33 or -0.6%

Silver Gold Ratio : 0.01690
Silver Gold Ratio 30-Aug-13 : 0.01681
Change : 0.00009 or 0.6%

Dow in Gold Dollars : $ 224.88
Dow in Gold Dollars 30-Aug-13 : $ 219.29
Change : $5.59 or 2.5%

Dow in Gold Ounces : 10.879
Dow in Gold Ounces 30-Aug-13 : 10.608
Change : 0.27 or 2.5%

Dow in Silver Ounces : 643.69
Dow in Silver Ounces 30-Aug-13 : 631.22
Change : 12.47 or 2.0%

Dow Industrial : 14,937.48
Dow Industrial 30-Aug-13 : 14,810.31
Change : 127.17 or 0.9%

S&P 500 : 1,655.08
S&P 500 30-Aug-13 : 1,632.97
Change : 22.11 or 1.4%

US Dollar Index : 82.643
US Dollar Index 30-Aug-13 : 82.065
Change : 0.578 or 0.7%

Platinum Price Close Today : 1,481.20
Platinum Price Close 30-Aug-13 : 1,526.20
Change : -45.00 or -2.9%

Palladium Price Close Today : 685.80
Palladium Price Close 30-Aug-13 : 722.10
Change : -36.30 or -5.0%

Silver and GOLD PRICES are correcting, but looking back a week haven't lost much of their gains. Stocks have turned up -- maybe. Dollar index has gained ground, while platinum and palladium have been whipped with barbed wire.

Silver and gold prices slowed their speed of descent today. SILVER dropped 16.3 cents (0.7%) to 2320.6c. Gold lost another 1.2% or $16.80 to $1,373.10.

For now I'm assuming silver and gold are correcting only their strong rally from early August, and once this is finished, will continue rallying toward $1,550 and 2700c before a larger degree rally sets in.

The GOLD PRICE rise from $1,271.80 to $1,434 equals $162.20. Today's gold low at $1,366.73 corrects 41.5% of that rise. Yep, enough to satisfy but a 50% correction would take it to $1,352.90.

Silver rose from 1910c to 2512c or 602c (whoa! 31.5% off that low). Today's 2316c low corrects 32.6% of that rise, which might satisfy a correction. However, a 50% correction would reach 2211c. More likely in my eyes would be 2255c.

If the silver or gold price close below $1,340 and 2200c, I'd have to re-think it all. Otherwise, I'll stick with that outlook.

Right -- this correction offers you yet another chance to buy silver and gold on the cheap. Better grab it. I believe that the last low of the 2011 - 2013 correction fell on 27 June, and that the 2011-2013 correction was analogous to the 1974-1976 correction. From those lows gold gained 850% and silver 1,250%.

Right nearly takes your breath away, don't it?

It must be rotten being a central banker. Everything threatens always to blow apart.

In the US the student loan bubble is starting to burst. US's largest bank, J.P. Morgan Chase has notified colleges that they will stop making new student loans in October. Sort of like the subprime shutdown in 2007.

As if that weren't bad enough, poor old Super Mario Draghi, ECB head criminal, has found that Samson's weapon no longer works on European banks to suppress interest rates. Mario has threatened and blustered and promised to keep rates low, but banks have the interest rate back where it was when he started. All the jawboning and keeping the interbank rate low, well, tain't working.

Stocks today nearly reached the limit of this little rally off the bottom, namely, their short term downtrend line. This hits the Dow about 15,000 and the S&P500 around 1,665. They'll likely hit that line and react back a little, but for right now, and barring closes below 1627 and 14,760, should continue to one last peak before they dive into the abyss later this year.

Dow in metals are both correcting, reaching up after their long plunge toward the 20 or 50 day moving averages, then to dive again.

Dow in gold jumped up 1.3% to 10.879 oz (G$224.88 gold dollars). Long term downtrend today lies beneath about 10.50 oz. Dow in silver rose 0.7% or 4.77 oz to close 643.69 ounces. Long term downtrend line today stands about 610 oz. After throwing over the long term downtrend lines in May, both are now sinking beneath it again. Not surprising they should need two tries to crack that wall.

US dollar index has climbed out of danger of revisiting 79 any time soon. Closed today up 0.62% or 47.9 basis points at 82.643 -- above its 20 and 50 DMAs, so momentum is upward.

Euro and yen both look like they've been sipping strychnine. Yen closed at 99.89 cents/Y100, down 0.36% and falling toward -- well, wherever the Japanese Nice Government Men decide it ought to fall toward. They are so NICE -- not too bright, but nice. All NGM world over SMILE as they hold a gun to your head.

Euro has buckled on its concrete overshoes and jumped off the Brooklyn Bridge. Closed at $1,3118 today, down 0.66% and below its $1.3139 200 DMA. Can anybody say "targeting $1.2800"?

More bad news for Ben the Bloviator and Chief Criminal at the Fed: Ten year treasury note yield today hit a new high for the move, 2.979, up 2.83% today. O Zero Interest Rate Policy, where art thou?

Y'all listen now, this is not a joke. If the bond bubble Ben blew up with his stupid ZIRP bursts, O, mercy! Many will be ruined.

Yes, you can put precious metals into an IRA, and this IS the time to swap stocks for silver and gold. For more information, contact New Direction IRA at www.newdirectionira.com. We don't get a commission or kickback for recommending New Direction, but if you put us down as your dealer, we will earn a commission when you buy gold or silver. For precious metals IRA holders, I highly recommend our gold/silver swapping strategy. Read http://the-moneychanger.com/articles/why_silver_will_outperform_gold_400
If you already have a precious metals IRA and aren't satisfied with your present custodian, transfer it to New Direction. Tell them The Moneychanger sent you.

Tomorrow I am leaving for a week's vacation with my family so I won't be publishing another commentary until 16 September, unless something really excites me.

Y'all enjoy your weekend!

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

- Franklin Sanders, The Moneychanger
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© 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.