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Thursday, October 31, 2013

Silver and Gold Prices Lower with the Gold Price Closing at $1,325.70

Gold Price Close Today : 1325.70
Change : -25.60 or -1.90%

Silver Price Close Today : 21.87
Change : -1.12 or -4.86%

Gold Silver Ratio Today : 60.53
Change : 1.83 or 3.11%

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

© 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.



Wednesday, October 30, 2013

Silver and Gold Prices Rose Sharply with the Gold Price Closing Up at $1,349

Gold Price Close Today : 1349.00
Change : 3.80 or 0.28%

Silver Price Close Today : 22.946
Change : 0.490 or 2.18%

Gold Silver Ratio Today : 58.790
Change : -1.114 or -1.86%

Silver Gold Ratio Today : 0.01701
Change : 0.000316 or 1.89%

Platinum Price Close Today : 1477.40
Change : 18.00 or 1.23%

Palladium Price Close Today : 748.95
Change : 2.45 or 0.33%

S&P 500 : 1,763.31
Change : -8.64 or -0.49%

Dow In GOLD$ : $239.34
Change : $ -1.62 or -0.67%

Dow in GOLD oz : 11.578
Change : -0.078 or -0.67%

Dow in SILVER oz : 680.67
Change : -17.60 or -2.52%

Dow Industrial : 15,618.76
Change : -61.59 or -0.39%

US Dollar Index : 79.767
Change : 0.159 or 0.20%

Silver and GOLD PRICES rose sharply, anticipating the FOMC's decision to continue gutting the US dollar. This was rational, and accorded with cause-and-effect. Silver closed up 49 cents to 2294.6 while gold rose $3.80 to $1,349. Gold actually hit $1,357, but then as soon as the FOMC announced, it fell to $1,343 ish and silver to 2268c. This was irrational.

No doubt 0.8 nanoseconds after the Fed's announcement SOMEbody sold 2,500 futures contracts in silver and gold. No need even to look.

But forget all that -- the fall may even have been natural. Much more important is the new low close for the move by the GOLD/SILVER RATIO at 58.790.

Behold! The GOLD PRICE remains above its $1,341.74 50 DMA and silver above its 2251c DMA. Lo! The MACD for both points up. Rate of Change for both is up and trending up.

The gold price keeps grinding stubbornly toward that $1,400 neckline and the SILVER PRICE toward 2500c.

Yet people are afraid to buy. I reckon they want to wait for confirmation at $1,400 ($50 higher) or $1,550 ($200 higher). Me, I'm already biting at them.

Travelling on 9 October, the day it was announced, I missed commenting on Janet Yellen's nomination to be Head Criminal at the Federal Reserve. My first, well- reasoned response was, "Oh, ****!" But then, it comes as no surprise after Bernanke's unprecedented money creation spree that O'Bama would appoint the most rabid inflationist around to serve as Co-ordinator of National and International Looting and Lying.

What doth this mean for us peasants? That the best friend gold and silver have is about to become Fed Head. Why best friend? Because only one thing drives a silver and gold bull market: Monetary Demand. And Monetary Demand is driven by central bank money printing, and the Printer in Chief is about to take charge.

Speaking of the Federal Reserve, the midgets of the FOMC met today and took their shaky hands off the controls. "We ain't doing a THING!" they said, wary lest the shatter fragile markets. "We're just a-gonna keep on creating $85 billion a month."

As expected, the news announcement hit stocks upside the head and made 'em stumble. Gold rose going into the FOMC, but then fell off after the announcement. That, of course, makes no more sense than buying a tuxedo for a hog, but let's ignore rational fastidiousness and look closer.

Now I don't know a blasted thing, being just a barefoot natural born fool from Tennessee (and I tell y'all truly I have an attorney from Alabama who walked around in the courtroom in his stocking feet), but if I owned stocks I'd be puking in my wastebasket or sell it all. First, there's that peaking margin debt, highest since 2007. Next are all those rising wedges on every index chart. Third, following the example of the S&P500, the Nasdaq Comp, Nasdaq 100, Russell 200, and Wilshire 5000 have all "thrown over" their upper trendline, and today backed off sharply.

At the very least, this leg has ended and stocks are in for a correction. Most indices posted first half of a Key Reversal today with a break into new high territory and a lower close. Another lower close tomorrow pounds nails into the coffin.

Dow dropped 61.59 (0.39%) to 15,618.76 while the S&P500 lost 8.64 (0.49%) to 1,763.31. Both Dow in Gold and Dow in Silver dropped below their 20 day moving averages.

Meanwhile, violating once again all reason and the law of cause and effect, the US dollar rose on the FOMC's news that it intends to keep on depreciating the dollar for the foreseeable future. Gained 15.9 basis points to end at 79.767, up 0.2%. Gapped up on the news, by the way. Both the competitors, Yen and Euro, fell. Yen ended at 101.47 cents (-0.38%) while the euro lost only 0.06% to $1.3738.

Looking at a longer term chart, if the Dollar breaks 79.00, nothing stands ready to catch it before 73. But it appears to have made a little V-bottom with a low at 79.06, and has risen up to the trend line it last broke. That makes it "fish or cut bait" time for the dollar: it needs to rise through that line. More, it needs to prove it can get through 81 to offer any ground to believe it is not about to plunge.

On 30 October 1890 the US congress passed the Sherman Silver Purchase act. Since the Crime of 1873 when silver had been surreptitiously demonetized, worsening the post-war deflation, farmers and miners had been agitating for unlimited coinage of silver. This act, however, didn't grant that. It increased how much silver the government purchased, and that did that with Treasury Coin notes redeemable in either silver or gold. People cashed the notes for gold, threatening the government's gold reserve, so in 1893 the act was repealed. That's why it's fairly easy to find the Morgan silver dollars with dates from 1878 to 1892, but the 1893s are nearly impossible to find.

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.



Tuesday, October 29, 2013

The Silver and Gold Price Uptrend Remains in Force

Gold Price Close Today : 1345.20
Change : -6.80 or -0.50%

Silver Price Close Today : 22.452
Change : -0.046 or -0.20%

Gold Silver Ratio Today : 59.914
Change : -0.180 or -0.30%

Silver Gold Ratio Today : 0.01669
Change : 0.000050 or 0.30%

Platinum Price Close Today : 1459.10
Change : -11.00 or -0.75%

Palladium Price Close Today : 746.05
Change : -3.40 or -0.45%

S&P 500 : 1,771.95
Change : 984.00 or 124.88%

Dow In GOLD$ : $240.96
Change : $ 2.92 or 1.22%

Dow in GOLD oz : 11.656
Change : 0.141 or 1.22%

Dow in SILVER oz : 698.39
Change : 6.38 or 0.92%

Dow Industrial : 15,680.35
Change : 111.42 or 0.72%

US Dollar Index : 79.631
Change : 0.287 or 0.36%

Silver and GOLD PRICES are languishing. Well, maybe the NGM have them languishing, since the Nice Government Men could hardly want silver and gold busting the roof when they announce they mean to keep on depreciating the dollar. The uptrend in the SILVER and GOLD PRICES that began 16 October remains in force.

Those blasted Federal Open Market Committee meetings cast a pall over everything. Today stocks shot up on the theory that the FOMC tomorrow will announce that it's buying more monetary liquor for the party, i.e., not slowing down Quantitative Easing. This, they believe, will work wonders for the stock market.

Anyhow, we are back to the proverb, "Buy the rumor, sell the news." Tomorrow comes the "news" and that may crack the stock market's back for this short term move.

Dow Jones Industrial Average made a new high today at 15,680.35 vs. the 18 September high at 15,676.94. Hubba-hubba. Dow rose 111.42 or 0.72%. S&P500 rose 9.84 (0.5%) to 1,771.95. It has risen 9 of the last 10 days.

Folks, I'm nothing but a natural born fool from Tennessee who only wears shoes half the year, but even I know that this is NOT normal and will not go on forever. This doesn't even take into consideration that the whole stock market is floating on a massive wave of newly created money. But shucks! Who am I, hick and ridge-runner, to put my conclusions up against the opinion of hundreds of shark-skin suit and pointy-toe shoe wearing Wall Streeters who hawk stocks for a living? Why, they're bound to be objective, right? After all, they're government regulated!

Dow in gold and Dow in silver rose a little today. DiG rose 1.22% to 11.656 oz (G$240.91 gold dollars). DiS added 6.38 oz (0.92%) to 698.39. Both remain comfortably within their downtrends, although both rose slightly above their 20 day moving averages today.

Do y'all ever think about what a sham, Potemkin world y'all live in? Everything is manipulated -- markets, media, politics -- to create an illusion of stability, prosperity, and participatory democracy. Do any of y'all really believe that hogwash? Talk is getting around on the Internet about the "Mystery Seller" coming in to the light trading hours of silver and gold futures selling two thousand or more contracts at a lick. No profit- maximizing seller in his right mind would do that. Therefore, the finger points to? Well, who has a motive to deceive?

US dollar index has been gaining this week. This is the sort of move that drives the rational mind to gibber and drool. All the news expected from the FOMC is that they will continue to create $85 billion of new money a month, which can only sepreciate the dollar, and in the teeth of that the dollar RISES? Well, it did. 28.7 basis points (0.37%) today to 79.631. Y'all can buy them nasty dollars if you want, but you're just picking your own pocket. Dollar strength is almost as enduring as Hollywood chastity.

Continuing the offense against reason, the Euro fell 0.31% today to $1.3744, obviously expecting dollar strength -- from alien tourists, I suppose. Yen dropped 0.56% to 101.85 cents/Y100, for what reason I haven't a clue. I've stopped trying to parse why the Japanese do anything. At the rate their population is declining, who knows how long the yen will continue to be traded. Various reports say more adult diapers are being sold than children's

in Japan. What does that mean?

I've already voiced my suspicions as to why silver and gold have slacked off this week. Today silver pared off 4.6 cents to 2245.2 while gold lost $6.80 to $1,345.20.

That takes silver barely below its 2252c 50 DMA. I don't like that, but it's a near thing. MACD, RSI, and Rate of Change are all positive for silver. Ditto for gold, but its 50 DMA stands at $1,342.30.

I reckon we simply have to endure this until the silly FOMC cloud passes.

Tonight I'll appear on a webinar with Jason Matyas, who is working on the documentary, "Beyond Off the Grid." At http://www.beyondoffgrid.com/webinars/how-to-build-your-local-economy-webinar/ you can sign up for the webinar. Starts at 8:00 Central time. We'll be talking about why a US government default is inevitable, and how to rebuild your local economy.

Or, y'all could wax cultural and watch rasslin' instead.

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.



Monday, October 28, 2013

Today Silver and Gold Prices Stalled with the Gold Price Closing at $1,352

Gold Price Close Today : 1352.00
Change : -0.40 or -0.03%

Silver Price Close Today : 22.498
Change : -0.105 or -0.46%

Gold Silver Ratio Today : 60.094
Change : 0.261 or 0.44%

Silver Gold Ratio Today : 0.01664
Change : -0.000073 or -0.44%

Platinum Price Close Today : 1470.10
Change : 17.60 or 1.21%

Palladium Price Close Today : 749.45
Change : 2.55 or 0.34%

S&P 500 : 1,762.11
Change : 2.34 or 0.13%

Dow In GOLD$ : $238.05
Change : $ 0.05 or 0.02%

Dow in GOLD oz : 11.515
Change : 0.002 or 0.02%

Dow in SILVER oz : 692.01
Change : 3.15 or 0.46%

Dow Industrial : 15,568.93
Change : -1.35 or -0.01%

US Dollar Index : 79.343
Change : 0.142 or 0.18%

Today both silver and GOLD PRICES stalled. Gold lost 40 cents to $1,352 while silver lost 10.5 cents and ended 2249.8c.

Y'all know always to buy a rising market only, right? That must be correct because that's what everybody does, only they wait until the market has already made a huge rise to do it. It's human nature. They feel comfortable in a crowd, like lemmings.

The folks who make the money -- the ones who look for oversold markets that offer real value -- are vanishingly scarce. Human nature.

WHEREFORE, now while silver and GOLD PRICES, it seems, have finished their corrections, nobody wants to buy, so they will wait until gold has climbed from $1,350 to $1,900 so they can be "sure" it's going to rise.

One other item: most likely, the Fed won't taper. Not at all. None. Oh, I know they are rattling their tongues (their sharpest weapon) about tapering again. Fed took the Adjusted Monetary Base, the fuel for inflation, from about $850 billion in August 2008 to about $3.5 trillion lately. I am waiting for somebody to explain to me how, facing the present deflationary and depressionary headwinds, the fed will WITHDRAW high-powered money from the economy at all, or even taper off its monthly purchases (new money creation at an $85 bn monthly rate or $1.02 trillion yearly). More likely, in fact, is that the Fed INCREASES money creation, because they are now wed to the notion that money creation alone will fix the depression.

And while that inflation causes both poor and great to suffer, it drives silver and gold higher and higher. And it's coming. It's already baked into the cake, at least, that's what Adjusted Monetary Base says.

Last week silver and gold prices performed just about perfectly. They jumped through two resistance levels on Monday, backed off Tuesday to the highest resistance, and Wednesday jumped to higher levels still. Gold jumped over its 50 day moving average (DMA), as did silver. Only silver's weakness Friday marred the week.

Let's realistically face the outcomes here. First, there remaineth the possibility of one further leg down, taking gold toward $1,200 and the SILVER PRICE toward $18. Seasonally both are moving out of the time when seasonality makes new lows likely. But until gold closes above its 200 DMA (now $1,432) and last peak $1,434, this possibility remains alive. Should it occur, it will mark a solid double bottom with the June low.

Second outcome is that I really am seeing upside-down head and shoulders patterns on both charts, which really are targeting $1,675 and $31.83. But first like all good runners, silver and gold must make it over the hurdles without tripping. Nearby silver must beat the 2300c mark that whipped it last week, although it has already better the last peak (2252c). I am most anxious to witness a close above 2355, then over 2512c, the August peak and the neckline. In between lies silver's 200 DMA at 2427c.

In the same rally outcome, the gold price needs to rise above $1,376, then $1,400. Big leap comes at the August high of $1,434 and the 200 DMA ($1,432.77). The really clench it all down hurdle is $1,550, where gold broke down in April. However, technically momentum turns upward when gold closes over the 200 DMA.

Buttressing the case for higher gold and silver are the Dow in Gold and Dow in Silver. While stocks are making new highs, both indicators are falling, revealing the relative strength in metals. Dow in gold today closed roughly unchanged at 11.515 oz (G$238.05 gold dollars). Dow in Silver rose 3.15 oz (0.46%) to 692.01 oz. Trend favors metals, 'cause it's down.

Stocks continue to levitate, but with a few bluebirds of unhappiness flying by. Dow Theory says that a new high in the Transports or Industrials needs to be confirmed by a new high in the other. Dow Industrials has stubbornly resisted making a new high while the S&P500 made daily new highs. The Dow Transports made 4 new highs in the last 5 days, while the Dow Industrials have not. Maybe the Industrials will catch up?

Dow fell 1.35 (0.01%) to 15,568.93 while the S&P500 rose 2.34 (0.13%) to a new high at 1,762.11. S&P500 has broken out above the upper trend line but the Dow laggeth onward. Meanwhile, margin debt has reached levels not seen since the 2007 peak. Does that mean anything?

US dollar index remains floating above 79, refusing to follow through on its breakdown. Closed today at 79.343, up 14.2 basis points (0.18%). Euro has risen to $1.3785, higher than last week but down 0.13% today. It's only edging forward. Yen ended today at 102.38, down 0.30% and little changed in the last week.

Friends, Volume 2 of At Home In Dogwood Mudhole (Best Thing We Ever Did) is now available for preorder at www.dogwoodmudhole.com. It went to the printer today and we estimate it will be ready to ship the first week in December, in time for Christmas.

I must be crazy generous, but if you will use the discount code HOGWILD I will give you free shipping to US addresses, up to $6 (enough for 2 copies). Offer expires Sunday, 30 November 2013. Also, the PDF version will be available for sale and immediate download tomorrow, with Kindle and ePub editions coming in a few weeks.

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, October 25, 2013

Silver and Gold Prices Broke Through Resistance Levels and Closed Above Their 50 DMA

Gold Price Close Today : 1352.40
Change : 2.20 or 0.16%

Silver Price Close Today : 22.603
Change : -0.183 or -0.80%

Gold Silver Ratio Today : 59.833
Change : 0.577 or 0.97%

Silver Gold Ratio Today : 0.01671
Change : -0.000163 or -0.96%

Platinum Price Close Today : 1451.50
Change : -18.10 or -1.23%

Palladium Price Close Today : 741.70
Change : -2.05 or -0.28%

S&P 500 : 1,759.77
Change : 7.70 or 0.44%

Dow In GOLD$ : $238.00
Change : $ 0.55 or 0.23%

Dow in GOLD oz : 11.513
Change : 0.026 or 0.23%

Dow in SILVER oz : 688.86
Change : 8.21 or 1.21%

Dow Industrial : 15,570.28
Change : 61.07 or 0.39%

US Dollar Index : 79.214
Change : 0.003 or 0.00%

Other than silver's slight weakness today, silver and GOLD PRICES could hardly have performed better this week. Both broke through to resistance levels, dropped back to test support, then closed above their 50 DMA. SILVER and GOLD PRICES have set the stage for higher prices next week. It looks like the long correction is over and the next rally has begun.

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, October 24, 2013

Silver and Gold Prices Rose with the Gold Price Closing at $1,350.20

Gold Price Close Today : 1350.20
Change : 16.30 or 1.22%

Silver Price Close Today : 22.786
Change : 0.204 or 0.90%

Gold Silver Ratio Today : 59.256
Change : 0.187 or 0.32%

Silver Gold Ratio Today : 0.01688
Change : -0.000053 or -0.31%

Platinum Price Close Today : 1448.90
Change : -18.10 or -1.23%

Palladium Price Close Today : 745.80
Change : -2.05 or -0.27%

S&P 500 : 1,752.07
Change : 5.69 or 0.33%

Dow In GOLD$ : $237.45
Change : $ (1.42) or -0.59%

Dow in GOLD oz : 11.487
Change : -0.068 or -0.59%

Dow in SILVER oz : 680.65
Change : -1.90 or -0.28%

Dow Industrial : 15,509.21
Change : 95.88 or 0.62%

US Dollar Index : 79.634
Change : -0.051 or -0.06%

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

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 2011, 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 in a bubble, primary trend way down. Whenever I write "Stay out of stocks" readers inevitably ask, "Do you mean precious metals mining stocks, too?" No, I don't.

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 outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures.



Wednesday, October 23, 2013

The Silver and Gold Price Rally is On

Gold Price Close Today : 1333.90
Change : -8.60 or -0.64%

Silver Price Close Today : 22.582
Change : -0.172 or -0.76%

Gold Silver Ratio Today : 59.069
Change : 0.069 or 0.12%

Silver Gold Ratio Today : 0.01693
Change : -0.000020 or -0.12%

Platinum Price Close Today : 1430.60
Change : -18.10 or -1.25%

Palladium Price Close Today : 744.15
Change : -2.05 or -0.27%

S&P 500 : 1,746.38
Change : -8.29 or -0.47%

Dow In GOLD$ : $238.86
Change : $ 0.69 or 0.29%

Dow in GOLD oz : 11.555
Change : 0.034 or 0.29%

Dow in SILVER oz : 682.55
Change : 2.77 or 0.41%

Dow Industrial : 15,413.33
Change : -54.33 or -0.35%

US Dollar Index : 79.634
Change : -0.051 or -0.06%

Franklin writes from the road: So far, so good. SILVER and GOLD PRICES fell back today to important support levels and held. No surprise, that. The rally is on.

These levels should hold. The only contradiction would be closes lower than $1,332.00 and $22.50.

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.



Tuesday, October 22, 2013

Silver and Gold Prices Closed Higher — Both Jumping Two Resistance Levels

Gold Price Close Today : 1342.50
Change : 26.80 or 2.04%

Silver Price Close Today : 22.754
Change : 0.521 or 2.34%

Gold Silver Ratio Today : 59.001
Change : -0.177 or -0.30%

Silver Gold Ratio Today : 0.01695
Change : 0.000051 or 0.30%

Platinum Price Close Today : 1447.10
Change : -18.10 or -1.24%

Palladium Price Close Today : 752.60
Change : -2.05 or -0.27%

S&P 500 : 1,754.67
Change : 10.01 or 0.57%

Dow In GOLD$ : $238.17
Change : $ -3.67 or -1.52%

Dow in GOLD oz : 11.522
Change : -0.177 or -1.52%

Dow in SILVER oz : 679.78
Change : -12.54 or -1.81%

Dow Industrial : 15,467.66
Change : 75.46 or 0.49%

US Dollar Index : 79.634
Change : -0.051 or -0.06%

Franklin writes from the road: Astounding moves in silver and GOLD PRICES today - gold up $26.80 to $1,342.50 and silver jumped 52.1 cents to 2275.4c.

Miss not what this signifieth. Both jumped TWO levels of resistance.

The SILVER PRICE jumped the last high at 2252c plus the 50 DMA at 2243c.

Gold cleared all those snares from $1,315 to $1,325 then o'erleapt $1,332 and ran to 50 DMA at $1,342.89.

Silver is leading: GOLD/SILVER RATIO hit 59 flat. It is very strong when silver leads.

Start buying. These are the confirmations I was looking for.

Next gold must hurdle $1,376 and silver 2300c, but for now it appears that will come shortly.

The US Dollar Index is puking sick and broke 79.6. The buzzards will take it if it breaches 79. Be wary of a turnaround there.

Silver and gold prices are strong as a garlic milkshake Carpe Diem!

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.



Monday, October 21, 2013

Silver and Gold Prices Rose with the Gold Price Closing at $1,315.70

Gold Price Close Today : 1315.70
Change : 1.30 or 0.10%

Silver Price Close Today : 22.233
Change : 0.364 or 1.66%

Gold Silver Ratio Today : 59.178
Change : -0.926 or -1.54%

Silver Gold Ratio Today : 0.01690
Change : 0.000260 or 1.56%

Platinum Price Close Today : 1435.70
Change : 0.90 or 0.06%

Palladium Price Close Today : 749.25
Change : 9.60 or 1.30%

S&P 500 : 1,744.66
Change : 0.16 or 0.01%

Dow In GOLD$ : $241.84
Change : $ (0.36) or -0.15%

Dow in GOLD oz : 11.699
Change : -0.017 or -0.15%

Dow in SILVER oz : 692.31
Change : -11.86 or -1.68%

Dow Industrial : 15,392.20
Change : -7.45 or -0.05%

US Dollar Index : 79.694
Change : 0.060 or 0.08%

The GOLD PRICE added a tiny $1.30 (0.1%) to $1,315.70, but silver jumped 36.4 cents (1.66%) to 2223.3c, above 2200c AT LAST.

Gold remains in a breakout from that falling wedge that has been forming since August, and above its 20 DMA ($1,308.52). No time for fiddling, the GOLD PRICE must close above $1,332 resistance, then above the 50 DMA ($1,343). Small but positive whispers keep bubbling out of gold.

The SILVER PRICE chart looks even better than gold's, and the GOLD/SILVER RATIO dropped through 60 today to close at 59.178 (a good sign of strength). Silver has escaped the falling wedge pattern, and made good that escape by closing above its 20 DMA (2173c) and closing in on its 50 DMA (now 2248c). Yet no klaxons blow until silver closes over 2252c, its last high.

Buy when they close over those 50 DMAs. Buy more when gold closes over $1,376. Stay out if they close below $1,272 and 2090c.

Friends, Volume 2 of At Home In Dogwood Mudhole (Best Thing We Ever Did) is now available for preorder at www.dogwoodmudhole.com. It went to the printer today and we estimate it will be ready to ship the first week in December, in time for Christmas.

I must be crazy generous, but if you will use the discount code HOGWILD I will give you free shipping to US addresses, up to $6 (enough for 2 copies). Offer expires Sunday, 30 November 2013. Also, the PDF version will be available for sale and immediate download tomorrow, with Kindle and ePub editions coming in a few weeks.

No author should try to judge his own work, but I believe Volume 2 is even funnier than Volume 1. I already know the stories and I laughed until I nearly choked.

The US DOLLAR INDEX acts as if it wants to drop. It's sitting on the edge of a cliff at 79.50, and the rocks below are at 73. Nothing in the chart or other indicators whisper a reversal, but it's hard to imagine that Bernanke and the US treasury would really want the dollar index to drop 8-1/2%.

Although it gapped up last Thursday, the euro is having trouble making up its mind to advance. Ended today at $1.3675, down 0.09%. Japanese yen refuses any movement but crabwise, jerking up and down around its intertwined 20 and 50 day moving averages, going nowhere. Lost 0.45% to 101.86 cents/Y100. If I were all those Nice Government Men "tasked" with manipulating exchange rates, I'd be scared to death the whole structure might blow up. That's central bank stability for you.

Stocks went nowhere again today, while the Dow again ominously gainsaid the S&P500. S&P500 made a new all-time high -- by 0.16 points. Y'all call home and tell Mama about that. She'll want to know. S&P500 stands at the very top trendline of a rising wedge. Margin debt is at record levels. How long can this continue? I reckon until they run out of booze -- whoops, make that "inflationary money."

I have to make a trip to Richmond the rest of this week, so probably won't be publishing a commentary. I'm going to visit Jefferson Davis' last resting place.

A veritable tidal wave of hogwash pours out of Washington daily, but it is nowhere deeper than in all the talk how the United States has "never defaulted."

Hogwash. The US defaulted from 1862 through 1879 when it refused to make good its promise to pay its debts in gold and forced its creditors to accept fiat greenbacks. The US defaulted again in 1934 when it reneged on its bonded obligation to pay its debts in gold. Then in 1971 President Nixon defaulted on the US promise to redeem US dollars for gold.

On 21 October 1910 my father was born. He loved learning so much that he stayed two years in the 10th grade at his little country school in Michie, Tennessee, until they added the 10th and 11th grades. Played professional baseball for a summer, then went to what later became Memphis State and lettered in four sports, two he'd never before played. He passed away in 1998. I thank God for his life. Requiescat in pace.

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, October 18, 2013

Silver and Gold Prices Rose 3.1 and 3.7 Percent Respectively this Week

Gold Price Close Today : 1,314.40
Gold Price Close 11-Oct-13 : 1,268.00
Change : 46.40 or 3.7%

Silver Price Close Today : 21.869
Silver Price Close 11-Oct-13 : 21.215
Change : 0.654 or 3.1%

Gold Silver Ratio Today : 60.103
Gold Silver Ratio 11-Oct-13 : 59.769
Change : 0.33 or 0.6%

Silver Gold Ratio : 0.01664
Silver Gold Ratio 11-Oct-13 : 0.01673
Change : -0.00009 or -0.6%

Dow in Gold Dollars : $ 242.19
Dow in Gold Dollars 11-Oct-13 : $ 248.41
Change : -$6.21 or -2.5%

Dow in Gold Ounces : 11.716
Dow in Gold Ounces 11-Oct-13 : 12.017
Change : -0.30 or -2.5%

Dow in Silver Ounces : 704.18
Dow in Silver Ounces 11-Oct-13 : 718.22
Change : -14.05 or -2.0%

Dow Industrial : 15,399.65
Dow Industrial 11-Oct-13 : 15,237.11
Change : 162.54 or 1.1%

S&P 500 : 1,744.50
S&P 500 11-Oct-13 : 1,703.20
Change : 41.30 or 2.4%

US Dollar Index : 79.634
US Dollar Index 11-Oct-13 : 80.426
Change : -0.792 or -1.0%

Platinum Price Close Today : 1,434.80
Platinum Price Close 11-Oct-13 : 1,372.90
Change : 61.90 or 4.5%

Palladium Price Close Today : 739.65
Palladium Price Close 11-Oct-13 : 713.05
Change : 26.60 or 3.7%

The GOLD PRICE gave back $8.30 of yesterday's dramatic $40.70 gain and closed Comex at $1,314.40. Silver coughed up 3.4 cents of yesterday's 58.3 cent gain for a 2186.9c close. Still, yesterday's gains powerfully confirmed the Key Reversal on Tuesday and left both silver and GOLD PRICES above their 20 day moving averages, first tripwire of upward momentum.

Behold, both silver and gold prices have also formed bullish falling wedge patterns, and yesterday's surge released them on their own recognizance ("broke them out") of that pattern. Unless contradicted by closes below 2090 and 1872, we have to assume that silver and gold prices are rallying.

If they close below those points, both will revisit the June lows.

Up above, for all its pep the SILVER PRICE has not been able to close above 2200c and stay there. Now silver must show its cards or fold, rising above 2200c and 2250c (50 DMA is at 2245c) in short order. Gold must confirm a rally by closing above $1,332 as the first step of an advance. 50 DMA awaits then at $1,343.

Gold price rose 3.7% for the week, silver 3.1%. Respectable, but the weekly charts still show both below their 20 week moving averages. GOLD/SILVER RATIO is behaving by not rising, but I would like to see silver outpacing gold.

Sure enough, when the cloud of the debt-ceiling kerfuffle passed over the market, stocks rose and the dollar fell. Surprising the Great and Mighty, silver and GOLD PRICES took that news quite well, thank you very much. By the way, the debt-ceiling deal changed nothing, reformed nothing, cured nothing. Federal government spending remains out of control, and federal debt has grown so large it will never be paid. Default is certain, only the date is uncertain. The yankee government will either repudiate the debt outright or inflate it away. Right now, they're inflating it away, and that will continue. If you think "This will never happen -- the dollar is the world's reserve currency!" or "America has the world's strongest economy," well, you just keep thinking that, and wait for reality to catch up with your error.

Stocks indices argued yesterday but got in line today. Dow gained 28 (0.18%) for a 15,399.65 close. S&P500 rose 11.35 (0.65%) to 1,744.50. S&P500 gapped up and made another all -time high, punching barely through the overhead trend line. Dow remains 300 points below its overhead trendline.

S&P500 could spurt further still, but odds are against much more rise here. It has formed a rising wedge from which it will most likely fall down. Right now it's going higher because -- its price is rising. In other words, it's a mania. I looked at Google today, which just rose above $1,000/share. It's price/earnings ratio is 29.15, another way of saying it would pay back your principle in 29.15 years. Or it pays a 0.25% return roughly. Whoa! That's not "dividend yield," because Google pays NO dividend.

This is a greater fool market  "Buy because prices are rising."

By the way, some folks believe that inflation will also help stocks. Constantino Bresciani-Turroni wrote The Economics of Inflation examining the German hyperinflation. He found that stocks did not keep pace with inflation.

Dow in gold and Dow in silver both fell for the week, but rose a tiny bit today. Dow in silver ended the week at 704.18 oz, down 2% for the week. Dow in gold closed 11.716, down 2.5% this week. Both indicators are still locked in a downtrend, good news for silver and gold investors. Need to see them close below their 20 DMAs,

now at 699.74 oz and 11.60.

US dollar index is flirting with the 79.60-ish area that forms the lip of a cliff. Should it fall over that, it won't land before 73. Lost 0.7% today, 5.1 basis points, to 79.634.

Euro rose slightly, 0.85 to $1.3687. Put yourself in the place of the European Nice Government Men, manipulating the euro. Would you really want your currency to rise against the dollar, pricing your goods out of markets around the world and opening the door to cheaper US goods? Maybe the deal's been struck with the US NGM to let the euro rise and dollar fall, but why? Sooner or later that tight shoe will begin to pinch.

Yen rose 0.16 today to 102.32. Nipponese NGM doing their best to keep it steady, regardless what the dollar does.

All this explains why I wouldn't buy any scrofulous fiat currencies even with y'all's money. Game is wholly rigged, and they're playing "competitive devaluation."

I saw an internet dust-up today about JP Morgan Chase Bank informing its customers it would limit cash withdrawals to $50,000/month and limit overseas wires. Various voices found in this harbingers of exchange controls and other tyrannies. Might be, but I have to ask, Why would you leave your money in JPM anyway? Do you simply enjoy feeding your enemy? Why not put your money in a small bank you might be able to trust at least a little? And besides, why don't you have at least three months' cash needs in a safe place OUTside the banking system anyway? As Catherine Fitts says, "Come clean!" Stop leaving your money in the banks that are destroying you and your country.

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, October 17, 2013

Today the Gold Price Closed Above it's 20 DMA at $1,322.70

Gold Price Close Today : 1322.70
Change : 40.70 or 3.17%

Silver Price Close Today : 21.903
Change : 0.583 or 2.73%

Gold Silver Ratio Today : 60.389
Change : 0.258 or 0.43%

Silver Gold Ratio Today : 0.01656
Change : -0.000071 or -0.43%

Platinum Price Close Today : 1431.90
Change : 36.70 or 2.63%

Palladium Price Close Today : 736.80
Change : 24.25 or 3.40%

S&P 500 : 1,733.15
Change : 11.61 or 0.67%

Dow In GOLD$ : $240.24
Change : $ (7.66) or -3.09%

Dow in GOLD oz : 11.621
Change : -0.371 or -3.09%

Dow in SILVER oz : 701.81
Change : -19.29 or -2.68%

Dow Industrial : 15,371.65
Change : -2.18 or -0.01%

US Dollar Index : 79.613
Change : -0.855 or -1.06%

Oh, I want to crow really hard, but I'm choking it back. In the aftermath of the debt-ceiling deal, the GOLD PRICE jumped $40.70 (3.2%) to $1,322.70. That leaves the impression that the $1,251 intraday low on Tuesday was THE low for this move and the start of a new rally. That needs to be confirmed by gold closing over $1,330.80, the October high, followed by more higher prices.

The GOLD PRICE did more. Today it closed above its 20 DMA at 1,309.33. 50 DMA hovers above at $1,342.76. A close above $1,375 will send the bears scurrying for their dens and the security of a government lunch.

For the time being, absent a close below $1,272, today's movement confirms that the upside down head and shoulders we've been watching really is at work. The gold price will hit the overhead neckline about $1,410. A breakout through that point turns all forces in gold's favor.

Here's a little more icing: on the weekly chart, gold closed today above its 18 week moving average (1,318.32). Barely, but above. That upside-down HandS targets $1,675.

Blast! I nearly forgot. Gold also broke out of its falling wedge formation. That bullish formation, remember, usually resolves with an upside breakout.

The SILVER PRICE proved that EoD chart key reversal on Tuesday by jumping 2.7% today or 58.3 cents to 2190.3 -- comfortably above the 20 DMA at 21.70, and within clipping distance of the 50 DMA at 22.42.

Silver also escaped its falling wedge. The neckline of silver's upside down HandS stands about 2490c, and it could make that jump lightning fast.

Unless we see closes below $1,272 and 2090c, silver and GOLD PRICES have again begun rallying. In the next few days they need to advance sharply to confirm that.

The debt-ceiling farce forespoke the future loud and clear: spending by inflation will continue and grow. Reform is impossible and default inevitable, whether outright or by inflation. I asked a friend today why people can't understand that. He answered,

"Because the consequences are too devastating." Too devastating for most people even to ponder. Let him who has ears to hear, hear.

Y'all ever been around a married couple who were always contradicting each other? She no more than opens her mouth to say something than he corrects her. He starts to say something and she nay-says it. Doesn't take much of that to make you start looking for the exits, because this is gonna end in a scrap and maybe even a cutting.

So it is when markets that ought to agree -- "confirm" -- instead gainsay. Behold, that happened loudly in stocks today when the S&P500 closed at a new all-time-since-the-cosmos- was-formed high at $1,733.15 (up 11.61 or 0.67%) but the Dow closed d-o-w-n 2.18 (0.01%) at 15,371.65, below its 18 September 2013 all-time high by 305.29. This is not the stuff from which beautiful marriages --or rallies -- are built.

But shucks, what do I know? I'm just a natural born fool from Tennessee.

Today's big jumps in silver and gold brought down the Dow in Gold and Dow in Silver once again. Both stand a gnat's eyebrow from falling through their 20 DMAs. Dow in gold today closed down 3.09% at 11.621 oz (20 DMA is 11.60 oz). Dow in silver lost 2.68% or 19.29 oz and closed at 701.81 oz. 20 DMA standeth at 699.85 oz. Relative Strength Index and MACD have also turned down. Unless the DiG and DiS suddenly reverse and shoot sunward, this lower peak of the last 10 days confirms the reversal downward in June.

S&P500 today hit and slightly punctured its overhead trendline. It gained 0.67% or 11.61 for a 1,733.15 close. Dow closed down 2.18 at 15,371.65, nowhere near its last high. It appears the debt-ceiling driven rally yesterday was a classic case of "sell the news."

US dollar index slammed down 1.1% or 85.5 basis points to 79.613. To give you an idea what that means, the last low was 79.72. If the dollar falls past that mark, it could flutter through the air all the way to 73.

Euro finally worked up enough courage to close unequivocally higher. It gapped up and ended at $1.3676, 1.07% higher. Minimum target is probably at least $1.3710, the last high. Yen gapped up, too, but not as enthusiastically. Oh, it was enough to jump over the 20 and 50 DMA's, but just to the middle of the last nine weeks trading range. Ended at 102.15, up 0.88%.

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.



Wednesday, October 16, 2013

Silver and Gold Prices Have Not Ended Their Long Bull Market

Gold Price Close Today : 1282.00
Change : 9.00 or 0.71%

Silver Price Close Today : 21.320
Change : 0.174 or 0.82%

Gold Silver Ratio Today : 60.131
Change : -0.069 or -0.11%

Silver Gold Ratio Today : 0.01663
Change : 0.000019 or 0.12%

Platinum Price Close Today : 1395.20
Change : 14.80 or 1.07%

Palladium Price Close Today : 712.55
Change : 7.25 or 1.03%

S&P 500 : 1,721.54
Change : 23.48 or 1.38%

Dow In GOLD$ : $247.90
Change : $ 1.59 or 0.65%

Dow in GOLD oz : 11.992
Change : 0.077 or 0.65%

Dow in SILVER oz : 721.10
Change : 3.80 or 0.53%

Dow Industrial : 15,373.83
Change : 205.82 or 1.36%

US Dollar Index : 80.507
Change : 0.054 or 0.07%

Mostly I am wondering how silver and GOLD PRICES will take the news of the debt ceiling "settlement" (the quotation marks indicate that the so called deal only pushed the crisis forward to January). In the aftermarket both were stronger. That's not all. Both silver and gold prices made key reversals yesterday on the End of Day charts. Both remain in falling wedges, which usually but not always resolve with an upside breakout. If silver and gold prices are going to make good that upside down Head and Shoulders that appears on their charts, tomorrow would be a meet day for rallying.

Once again, the GOLD PRICE must hold $1,272 and the SILVER PRICE 2090c on a closing basis, otherwise they will plumb the depths of the June lows again.

Premiums on gold coins, usually very stable, are rising, especially on the normally low premium Krugerrands (up from 1 to 1.5% to 2.05% at wholesale buy) and American Eagles (up from 2.5% to 2.9% at wholesale buy). That suggests relentless buying pressure on physical gold.

I don't like uncertain trumpets, and mine has probably been tooting pretty low-toned in recent months. I don't like this bumping along the bottom and waiting any more than y'all do, but get this much clear: silver and gold have NOT ended their long bull market, and are nearing a final and positive end of the 2011 - 2013 correction. Every day brings us closer, and when it happens all those goofs now touting stocks will be clueless why metals are rallying. Also, stocks within the next 3 -4 months will hit the final top of a 300 year primary trend. Blood will copiously flow when that collapse begins. Make sure it's not yours.

Did I say, "Get out of debt"? That, too.

I have to wonder, if the rumor of a deal on the debt ceiling ran stocks up today, what the news will do tomorrow. Whence will the next emotional high arise to send stocks higher? Both reversed upward today strongly. Dow added 205.82 or 1.36%, closing at 15,373.83. S&P500 gained 23.48 (1.38%) to end the day at 1,721.54.

Eye-catching how the Dow is lagging the S&P500. S&P500 is only 4.5 points (0.26%) away from its 18 September 2013 all-time high of 1,725.52. From its 18 September high at 15,676.34 the Dow languishes 302.51 points or 2% below. S&P500 also draweth nigh to its all time intraday high at 1,729.86 in September, as well as its top trading channel line, which actually is the top line of a rising wedge. Not so the Dow.

None of this says stocks can't go higher, and they probably will. It only warns that their days are numbered.

Stocks gained lots in nominal terms, but not so much compared to gold and silver. Dow in gold rose 0.65% to 11.992 oz (G$247.90 gold dollars), still a half ounce below its June 12.514 oz high. Dow in silver's close today at 721.10 oz was 0.53% higher than yesterday's and a long was from its June 816.77 oz. high.

US dollar index closed 80.57, up 0.04%. Euro rose, but can't get above its 20 DMA. Yen fell out of bed -- again. No clarity here, because the seeming week won't break down, and the seeming strong won't make good their threat.

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.



Tuesday, October 15, 2013

The Gold Price Held On and Only Lost $3.40 Closing at $1,273

Gold Price Close Today : 1,273.20
Change : -3.40 or -0.27%

Silver Price Close Today : 21.19
Change : -0.16 or -0.76%

Gold Silver Ratio Today : 60.08
Change : 0.30 or 0.50%

The GOLD PRICE held on and by Comex close had lost only $3.40 to $1,273.00. The SILVER PRICE lost 16.4 cents to 2114.6. But what catches the eye is the aftermarket where the GOLD PRICE is nearly ten bucks higher at $1,281.70 & silver 20 cents higher at 2135c.

I know it sounds like a cheap answer, but all the same I have to suspect the NGM are working overtime to suppress silver & gold prices. Let that go, though. Both are pointing down, and if they break those levels I mentioned yesterday, $1,272 & 2090 cents, they'll tumble sharply for one last leg down. Odd, if they are as weak as all the pointy-toed Wall Street experts claim, that they haven't broken down before now. But what do I know?

I've been bloodied before by these seasons of low prices & corrections, so I know that all a man can do is wait. None of the causes have changed, so the outcome will be silver & gold at WAY higher prices.

For y'all who still believe I am a raving lunatic, something instructive happened this past weekend. A glitch in the yankee government's food stamp computer (food stamps are no longer stamps, but cards like debit cards called EBT) gave buyers unlimited credit. While the glitch lasted, EBT shoppers in Louisiana went wild, stripping the Wal-Mart shelves & charging the goods to their EBT cards. When after two hours the glitch was fixed, those who had not yet checked out with their loot just abandoned full baskets in line and walked away.

Now ask yourself: what if the situation had been less calm? What if the EBT cards no longer worked at all? The incident witnesses that the veneer of civilization in the US is razor thin, liable to crack under any pressure.

With no pleasure but with sharp grief I point this out, just as I keep pointing to the certainty that the government will default, either outright or by inflation. Y'all have two choices: Shake your head, stifle the evidence, & say that will never happen here, or look the facts in the eyes and take appropriate protective action.

Stocks took a bad turn today. Having yesterday & the day before pierced their 20 & 50 day moving averages, their upward momentum ought to have waxed stronger. Instead, it disappeared today. S&P500 merely fell back to its 20 DMA, but the Dow fell through its 50 & 20 DMAs.

The entire stock market advance since last November has been puffed up by clouds of newly created money -- Quantitative Easing. That has spawned a false & unsustainable rally. It could drag on into next year, but when it collapses, 'twill be sudden.

Dow in gold & Dow in silver both turned down today, but remain above their 20 & 50 DMAs. Momentum remains upward.

Thanks be to God, my son Justin & his wife Ellen were blessed with a baby today, Henry. Please pray for her rapid recovery.

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.



Monday, October 14, 2013

Today's Gold Price Closed at $1,276.40 Up $8.40

Gold Price Close Today : 1,276.40
Change : 8.40 or 0.66%

Silver Price Close Today : 21.31
Change : 0.10 or 0.45%

Gold Silver Ratio Today : 59.897
Change : 0.128 or 0.21%

Silver Gold Ratio Today : 0.0167
Change : -0.00000 or -0.21%

Platinum Price Close Today : 1,380.60
Change : 3.00 or 0.22%

Palladium Price Close Today : 714.25
Change : 5.45 or 0.77%

S&P 500 : 1,710.14
Change : 6.94 or 0.41%

Dow In GOLD$ : $247.81
Change : $ -0.60 or -0.24%

Dow in GOLD oz : 11.99
Change : -0.03 or -0.24%

Dow in SILVER oz : 718.03
Change : -0.19 or -0.03%

Dow Industrial : 15,301.26
Change : 64.15 or 0.42%

US Dollar Index : 80.26
Change : -0.04 or -0.05%

I'm going to say something that might surprise y'all: silver & GOLD PRICES did NOT break down last week. Yes, yes, I know they tumbled on Wednesday & Friday, but they did not "break down." By that I mean "break down through any significant line in the sand or change direction (first you have to HAVE direction to change direction). Look, I'll show y'all what I mean.

Today's gold price closed at $1,276.40, up $8.40, while silver rose 9.5 cents to 2131c.

The gold price remains in an upside-down head and shoulders building a right shoulder. Last weeks lows did NOT close below the support line connecting the shoulders' tops. More, that right shoulder has built a bullish falling wedge, which rouses expectations of a breakout toward the sun.

The SILVER PRICE hath done likewise. That top of the shoulders line caught silver, too, and it also has built a falling wedge.

Yet I will climb only so far out on this limb. If the gold price cannot hold above $1,272 at the close or silver cannot remain above 2090c, they'll take one more tumble down toward the June lows, which were 1817 & $1,179.40.

That means that if you buy here and they drop further, you'll look foolish If you buy here & silver and GOLD PRICES rocket upward, you'll have bragging rights to your brother-in-law.

I repeat, lest y'all missed my NGM comments above, if I were the NGM, I would be steady suppressing silver & gold while this debt-ceiling farce plays out. & I remind y'all again that whichever way this silly negotiation flops, it will still be a flop because nothing is being done to address the real problem, that the government debt has grown too big ever to pay off. Therefore, the government will most surely default, either by outright default, i.e., repudiating the bonds, or by severe inflation. I can't say WHEN it will happen, only that it WILL.Durn! Y'all let the market go to pot while I was gone!

Last Wednesday 10 October everything turned, stocks up & metals down. Dollar turned up then, too, but hasn't been able to hang on to the gains. Metals have not resolved their uncertainty, but stocks have. US dollar's hanging on by a gnat's ear.

Dow fell plumb to its 200 DMA & that bottom support line at 14,719.43 (intraday) before it turned up. Since has rallied plumb straight up, gained 323 points last Thursday alone, & busted through its 50 and 20 DMAs (15,180 & 15,230).

S&P500 didn't drop as far at the Dow, but hit an uptrend line from its June & August lows, pierced it to 1,646.47 (intraday), then turned slap around & headed up. It also has closed through its 50 & 20 DMAs (1,678 & 1,694).

So stocks are just a rallying away, but since I am a natural born fool from Tennessee, I keep asking, "Why?" I could see 'em rallying like mad on news of a debt ceiling deal, but why BEFORE a deal? If they're rallying without news, what happens when the news appears & they've already burned up all their buying power?

Logical target for this move is to the top channel line, call it 15,800 & 1,735. Of course, that's not guaranteed by any means. Both the S&P500 & the Dow have painted out head & shoulders top formations since April. For both, the neckline was the point where they turned around last week. If that H&S is ruling action, then I wouldn't expect this present rally to reach much further. But I expect this is the last hurrah, so they might even throw over the top of the channel. Internal measures like market breadth & margin debt make this stock market look like Grandpa on a walker & carrying an oxygen bottle.

As you would expect given last week's performance, the Dow in Gold & the Dow in Silver have risen. Both stand above their 50 & 20 day moving averages, so momentum for now lies skyward. Neither has yet reached the June highs at 12.514 oz or 816.77 oz. Today the Dow in gold closed at 11.988 oz (G$247.81 gold dollars), down 0.24% on the day, while the Dow in Silver ended at 718.03 oz, down a nothing 0.03% today.

Downtrends from June highs remain unbroken, although both indicators are in a short term uptrend.

I recall vividly that after August 1999 when stocks peaked against gold, i.e., the Dow in Gold peaked, how anxiously I watched that chart day after day. It fell into October, then rose into January, but never could reach that August peak. Then it went sideways for the rest of twelve months. Sometimes the turn ain't obvious, & you have to bite nails a while to see what turns out.

Until the US dollar index climbs above 81, we've got nothing to talk about. It did trade up through its 20 DMA (now 80.43) last week, but fell back under it today, trading now at 80.259. The dollar has no net below 79.50 but 73. Just keep remembering that.

The euro wrapped up the day at $1.3564, up 0.17%, but even with a week to work, it hasn't made any progress & is actually lower than it was the week before I left -- notwithstanding its breakout above its top channel line that week. When a market breaks out & ought to move higher but doesn't, it points to a dearth of supporters & all the weakness that implies.

Yen also last week lost all the previous weeks gains. Today it shuttered at 101.37, down 0.1%, or, in plain English, no place.

Now if I were the Nice Government Men with a whole economy & all sorts of markets to manipulate, what would I do? Why, I'd have worked my government fingers to the bone, dialing up my yellow running dogs who do my bidding in markets & working their bones to death. I'd have kept that dollar up, the euro & the yen down, I'd have bought stocks like my government pension depended on it, and I would have slapped silver & gold silly every chance I got.

Wow, here's something odd. That's just what happened. Shucks, just a coincidence.

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, October 11, 2013

Silver and Gold Prices Closed Lower with the Gold Price Ending at $1,268.20

Gold Price Close Today : 1268.20
Change : -28.70 or -2.21%

Silver Price Close Today : 21.260
Change : -0.640 or -2.92%

Gold Silver Ratio Today : 59.652
Change : 0.433 or 0.73%

Silver Gold Ratio Today : 0.01676
Change : -0.000123 or -0.73%

Platinum Price Close Today : 1372.90
Change : 3.00 or 0.22%

Palladium Price Close Today : 713.05
Change : 5.45 or 0.77%

S&P 500 : 1,703.20
Change : 10.64 or 0.63%

Dow In GOLD$ : $248.37
Change : $ 7.27 or 3.01%

Dow in GOLD oz : 12.015
Change : 0.352 or 3.01%

Dow in SILVER oz : 716.70
Change : 26.02 or 3.77%

Dow Industrial : 15,237.11
Change : 111.04 or 0.73%

US Dollar Index : 80.166
Change : 0.432 or 0.54%

Franklin is travelling this week, but he wanted y'all to receive today's prices, below.
God willing, He will return on Monday, 14 October 2013.

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, October 10, 2013

The Gold Price Lost $10.30 Today Closing at $1,296.90

Gold Price Close Today : 1296.90
Change : -10.30 or -0.79%

Silver Price Close Today : 21.895
Change : 0.005 or 0.02%

Gold Silver Ratio Today : 59.233
Change : -0.484 or -0.81%

Silver Gold Ratio Today : 0.01688
Change : 0.000137 or 0.82%

Platinum Price Close Today : 1386.00
Change : 3.00 or 0.22%

Palladium Price Close Today : 707.55
Change : 5.45 or 0.78%

S&P 500 : 1,692.56
Change : 36.16 or 2.18%

Dow In GOLD$ : $241.10
Change : $ 7.01 or 2.99%

Dow in GOLD oz : 11.663
Change : 0.339 or 2.99%

Dow in SILVER oz : 690.85
Change : 14.60 or 2.16%

Dow Industrial : 15,126.07
Change : 323.09 or 2.18%

US Dollar Index : 80.166
Change : 0.432 or 0.54%

Franklin is travelling this week, but he wanted y'all to receive today's prices, below.

God willing, he will return on Monday, 14 October 2013.

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.



Wednesday, October 09, 2013

Silver and Gold Prices Both Closed Lower with the Gold Price Closing at $1,307.20

Gold Price Close Today : 1,307.20
Change : -17.40 or -1.31%

Silver Price Close Today : 21.89
Change : -0.55  or -2.46%

Gold Silver Ratio Today : 59.71
Change : 0.69 or 1.17%

Franklin is travelling this week, but he wanted y'all to receive today's prices, below.
God willing, Franklin will return on Monday, 14 October 2013.

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.



Tuesday, October 08, 2013

The Gold Price Closed Today at $1,324.60

Gold Price Close Today : 1324.60
Change : -0.50 or -0.04%

Silver Price Close Today : 22.440
Change : 0.055 or 0.25%

Gold Silver Ratio Today : 59.029
Change : -0.167 or -0.28%

Silver Gold Ratio Today : 0.01694
Change : 0.000048 or 0.28%

Platinum Price Close Today : 1403.70
Change : 8.10 or 0.58%

Palladium Price Close Today : 712.75
Change : 2.30 or 0.32%

S&P 500 : 1,655.45
Change : -20.67 or -1.23%

Dow In GOLD$ : $230.60
Change : $ (2.40) or -1.03%

Dow in GOLD oz : 11.155
Change : -0.116 or -1.03%

Dow in SILVER oz : 658.49
Change : -8.75 or -1.31%

Dow Industrial : 14,776.53
Change : -159.71 or -1.07%

US Dollar Index : 80.166
Change : 0.432 or 0.54%

Franklin is travelling this week, but he wanted y'all to receive today's prices, below.
God willing, Franklin will return on Monday, 14 October 2013.

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.



Monday, October 07, 2013

Silver and Gold Prices Rose with the Gold Price Closing at $1,325.10

Gold Price Close Today : 1325.10
Change : 15.20 or 1.16%

Silver Price Close Today : 22.380
Change : 0.630 or 2.90%

Gold Silver Ratio Today : 59.209
Change : -1.016 or -1.69%

Silver Gold Ratio Today : 0.01689
Change : 0.000285 or 1.72%

Platinum Price Close Today : 1402.10
Change : 8.10 or 0.58%

Palladium Price Close Today : 703.70
Change : 2.30 or 0.33%

S&P 500 : 1,676.12
Change : -14.38 or -0.85%

Dow In GOLD$ : $233.01
Change : $ (4.86) or -2.04%

Dow in GOLD oz : 11.272
Change : -0.235 or -2.04%

Dow in SILVER oz : 667.39
Change : -25.60 or -3.69%

Dow Industrial : 14,936.24
Change : -136.34 or -0.90%

US Dollar Index : 80.166
Change : 0.432 or 0.54%

Franklin is travelling this week, but he wanted y'all to receive today's prices.

God willing, Franklin will return on Monday, 14 October 2013.

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.