All is in Place for a September Gold Price Rally

	22-Aug-14	29-Aug-14	Change	% Change
Gold Price, $/oz.	1,278.60	1,285.80	7.20	0.6
Silver Price, $/oz.	19.361	19.398	0.037	0.2
Gold/Silver Ratio	66.040	66.285	0.245	0.4
Silver/gold ratio	0.0151	0.0151	-0.0001	-0.4
Dow in Gold Dollars (DIG$)	274.87	274.89	0.02	0.0
Dow in gold ounces	13.30	13.30	0.00	0.0
Dow in Silver ounces	878.12	881.45	3.34	0.4
Dow Industrials	17,001.22	17,098.45	97.23	0.6
S&P500	1,988.40	2,003.37	14.97	0.8
US dollar index	82.39	82.72	0.33	0.4
Platinum Price	1,420.50	1,426.70	6.20	0.4
Palladium Price	888.00	908.65	20.65	2.3

3 Day Gold Price Chart

30 Day Gold Price Chart

3 Day Silver Price Chart

30 Day Silver Price Chart

By the narrowest of margins silver and GOLD PRICES rose this week, as did platinum. Palladium, however was strong as a garlic milkshake.

It don't change my mind a bit that silver fell 13.6$ (0.7%) to 1939.8c on Comex, or that the GOLD PRICE coughed up $2.90 (0.23%) to $1,285.80. I still believe you will see stellar September gians.

On a monthly chart the gold price closed higher, but not by much. On the weekly chart the gold price is above the after-August-2011 downtrend line and trying to punch through its 18 and 50 week moving averages.

Monthly chart shows the SILVER PRICE lower for the second month running, but above the downtrend line from April 2013 -- not, however, above the downtrend line from the April 2011 high. Friendly weekly chart shows silver higher for the week and touching but not crossing the 20 week moving average (1997c).

Gold's indicators are hovering around turning up. All is in place for a September rally. But first, gold must climb above $1,305. Look for that next week.

Silver fell back today, bouncing off its 20 DMA (1967c). MACD turned up today, yahoo! Other momentum indicators are turning or pointing upward. Next move is up. Silver must cross above 2000 cents and the 200 DMA at 2007c. For y'all who know only this long post-2011 correction, you will be flabbergasted to see how fast silver can rally.

Stocks inched to new highs, and the US dollar index closed at a new high for the move. Appearances may deceive.

By closing higher for the month the Dow invalidated the Key Reversal it seemed to be flashing as August began. In fact, it closed higher this month and barely inside the uptrend line from the March 2009 low.

Today the Dow added another 18.88 (0.11%) to close at 17,098.45. S&P chimed in with a 6.63 (0.33%) rise to another new high at 2,003.37. Lawsy mercy, along here sometime soon will come a BAD drop. Meanwhile if the S&P500 pushes to the top of the trading channel it would hit about 2020, Dow maybe 17,400.

Everybody loves to buy a rising market. Whoops! Everybody don't get rich, do he?

Dow in Gold and Dow in Silver both jiggled up this week, but without contradicting what appears to be the top posted this week.

Dow in silver today clumb 0.21% to 879.39 oz ($1,136.99 silver dollars). Dow in gold edged up 0.27% to 13.28 oz (G$274.52 gold dollars). Both appear to have topped this week, but must drop further to confirm. View charts at http://scharts.co/VWhHSI and http://scharts.co/1AYnK98

Although the US dollar index made a new high close for the move at 82.72, up 22 basis points, I think the weakness the scrofulous dollar has already shown and its acutely overbought condition will pull it down next week.

Also arguing for that is the painfully oversold euro. It has been dropping now since May, and even if it aims to drop to $1.2755, it needs a little corrective rally here. Adding strength to that viewpoint are the two gaps the euro left behind during August. That looks like a completed move -- very completed (as if "completed" were capable of augmentation.) Euro lost 0.39% to end at $1.3133. A European Vacation is getting cheaper.

Not to mention a trip to Japan. Your sushi became 0.34% cheaper today because you now need only 96.08 pennies to buy 100 yen. Oversold, but no sign of life. Wake that thing up, somebody!

US ten year treasury note yield resolved nothing up or down this week. It broke down the first of August, but hasn't wildly followed through. Ended at 2.343%. If that rate rises suddenly, it will turn Mother Yanet Yellum's hair gray, by Yiminy!

Y'all enjoy your weekend!

Aurum et argentum comparenda sunt -- -- Gold and silver must be bought.

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 2014, 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.

The Gold Price Closed Above it's 200 Day Moving Average at $1,288.70

28-Aug-14	Price	Change	% Change
Gold Price, $/oz	1,288.70	6.80	0.53%
Silver Price, $/oz	19.53	0.13	0.66%
Gold/Silver Ratio	65.972	-0.088	-0.13%
Silver/Gold Ratio	0.0152	0.0000	0.13%
Platinum Price	1,427.20	5.30	0.37%
Palladium Price	897.20	3.30	0.37%
S&P 500	1,996.74	-3.38	-0.17%
Dow	17,079.57	-42.44	-0.25%
Dow in GOLD $s	273.97	-2.14	-0.77%
Dow in GOLD oz	13.25	-0.10	-0.77%
Dow in SILVER oz	874.35	-8.00	-0.91%
US Dollar Index	82.50	0.01	0.01%

3 Day Gold Price Chart

30 Day Gold Price Chart

3 Day Silver Price Chart

30 Day Silver Price Chart

The GOLD PRICE added $6.80 (0.53%) today to shutter Comex at 1,288.70. Silver gained 12.9 cents (0.66%) to 1953.4 cents, blasting out of its pit.

Ponder the GOLD PRICE first. High today at $1,297.60 hit the downtrend line from October 2012 we've been fighting with since June. Closed above the 200 DMA ($1,284.94) and rose stoutly off a $1,283 low as the day began.

The SILVER PRICE bounced like a kangaroo. Cut into but did not close over its 20 DMA (1971c). RSI bounced up sharply, MACD line almost turned up.

I remind y'all once again, September on average is the strongest month of the year for silver and gold prices. We need milestone confirmations above still, but metals today made a heartening first step. Next week promises much progress

Those hopeful signs I was squinting to see in silver and gold ripened today. More about that below.

Stocks turned down today. Dow lost 42.44 (0.25%) to 17,079.57. They hang again a mere 90 points above the uptrend line from the March 2009 low. This, remember, was the line the Dow fell through at end-July. This, as the Roman haruspex might tell you, in a very bad liver is healthy-seeming sheep.

S&P500 dropped 3.38 (0.17%), but dead out of its uptrend from early August. Broke clean down, thru the line.

More interesting to those of us who trust not the Potemkin Economy peopled by central bankers, bankeresses, and other bogus luminaries, were the Dow in Gold and Dow in Silver.

Dow in Silver (bless its heart!) plunged 1.16% today to end at 871.01 oz (S$1,126.15 silver dollars). 'Tis a small sign, yet a sign still, that the DiS closed back within the upper channel line. This it had previously "thrown over" (risen above) a couple of weeks ago. 'Pears to have changed headings 180 degrees to "straight down."

Dow in gold likewise turned down, but only 0.74% to 13.24 oz (G$273.69 gold dollars). Can't call it a reversal yet, but appears to have left a double top behind.

No action much in rotten, scrofulous, corrupt, parasitic fiat currencies today. US dollar index shaved off one basis point, nothing, a chigger's whisker, to 82.50. Coming off an uncommonly overbought condition, the dollar is begging to turn earthward. Euro is as oversold as the dollar is overbought. Lost 0.8% today for a $1.3183 close. Watch out, next move might be up. Yen did rise today, 0.16% to 96.45 cents/Y100. Also moving up from an oversold state.

Aurum et argentum comparenda sunt -- -- Gold and silver must be bought.

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 2014, 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.

September is Nearly Always a Supremely Strong Month for Silver and Gold Prices

27-Aug-14	Price	Change	% Change
Gold Price, $/oz	1,281.90	-1.90	-0.15%
Silver Price, $/oz	19.41	0.02	0.10%
Gold/Silver Ratio	66.060	-0.163	-0.25%
Silver/Gold Ratio	0.0151	0.0000	0.25%
Platinum Price	1,421.90	0.30	0.02%
Palladium Price	893.90	5.20	0.59%
S&P 500	2,000.12	0.10	0.00%
Dow	12,122.01	15.31	0.13%
Dow in GOLD $s	195.48	0.54	0.27%
Dow in GOLD oz	9.46	0.03	0.27%
Dow in SILVER oz	624.68	0.18	0.03%
US Dollar Index	82.49	-0.20	-0.24%

Markets are all gearing down before the long US weekend. Labor Day is coming upon which, oddly enough, nobody labors. The quiet settled over silver and GOLD PRICES. Gold traded in a $7.30 range to end $1.90 (0.15%) lower at $1,281.90. Silver gained -- ho-hum -- 1.9 cents (0.1%) to 1940.5 cents.

None of this says a durned thing. The GOLD PRICE punched into but couldn't close above its 200 DMA ($1,284.89). No moxie. The SILVER PRICE bounced up but remains glued to the downtrend line from August 2013 and can't pull away higher, not even to cross the 20 DMA at 1975c.

Now oddly enough there are signs -- and no bigger than a cloud the size of a man's hand on the horizon -- of turning up. First, the RSI had reached "plumb over-sold" and has turned up. The Rate of Change has risen from "abysmal" to "lightening up", and the MACD histogram has waxed smaller and smaller while the MACD fast line is trying hard to curve up.

Most likely nothing much will happen the rest of the week, but September is nearly always a supremely strong month for silver and gold prices.

This is getting sort of funny. S&P500 makes a new high by -- 1/10 of a point. Yes, up 1/10 to 2,000.12. Actually traded sideways to lower most of the day, but began rallying after 3:00 to end barely higher.

Dow Jones Industrial Average didn't outshine the S&P500 much. Rose 15.31 (0.09%) to 17,122.01. This looks like wheel spinning at a top as fewer and fewer buyers participate.

CLARITY, that's what we need, clarity of mind and purpose. We are sprayed daily by media firehoses that force our attention this way and that, but really only a few things are necessary, and only a few things forecast all the rest. Somebody told me once that the best commodity traders didn't read much news, but only paid attention to a few important indicators. Most of us don’t have that clarity of mind.

Mercy, I fall prey to the fog, too. As long as I've studied money and the monetary system, you'd think I'd have learned how to spell "inevitability." But my attention is diverted by the Fed's QE sideshow or a gold and silver correction or a stock market rise on manufactured money or some gaseous guru.

No excuse for me. I understand that the central banking system is a scam, a fraud, a con game that will inevitably fail. I understand that over 50% of American income comes from federal and state and local spending. I recognize American imperial overstretch and remember how many empires have committed suicide the same way. Then I look at a six year economic crisis that won't let go of the economy and an economy that remains comatose, and I know how this will end. I know all the money is borrowed into existence, so the Fed cannot possibly stop inflating, or the whole system deflates and bankruptcies abound. And I have observed that in the last 30 years the frequency and amplitude of economic crises has grown, now inveigling the whole globe. And I remember that the whole system rests on fragile human confidence alone.

Yea, I let my mind run over all those things, and clarity -- sharp, acute, unrelenting, unforgiving, ruthless -- returns. And I remember why I am holding silver and gold.

In the bogus currency markets today the US dollar index fell back 20 basis points to 82.49. I wasn't paying close attention yesterday or I'd have noticed that yesterday's high print was 82.75, which fulfilled my target. Today the US dollar index posted an 82.75 high again and what looks like a key reversal (yes, yes, I know that it doesn't quite match that because it didn't trade higher) with a starkly lower close after higher trading. What I'm poking at is, the US dollar index might have topped today. Even if it intends to rise higher (and it could) to 83.65 or 84.60, it is scheduled for a correction here anyway.

Both the euro and the yen are severely oversold and due at least for a relief rally. Euro closed up 0.2% at $1.3194 while the Yen rose 0.2% to 96.29 cents/Y100.

Aurum et argentum comparenda sunt -- -- Gold and silver must be bought.

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 2014, 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.

The Gold Price Reached $1,291.90 Today, Falling Back to Close Comex at $1,283.80

26-Aug-14	Price	Change	% Change
Gold Price, $/oz	1,283.80	6.50	0.51%
Silver Price, $/oz	19.39	0.03	0.14%
Gold/Silver Ratio	66.223	0.240	0.36%
Silver/Gold Ratio	0.0151	-0.0001	-0.36%
Platinum Price	1,421.60	1.20	0.08%
Palladium Price	888.70	-1.05	-0.12%
S&P 500	2,000.02	2.10	0.11%
Dow	17,106.70	29.83	0.17%
Dow in GOLD $s	275.45	-0.92	-0.33%
Dow in GOLD oz	13.33	-0.04	-0.33%
Dow in SILVER oz	882.43	0.26	0.03%
US Dollar Index	82.69	0.11	0.13%

3 Day Gold Price Chart

30 Day Gold Price Chart

3 Day Silver Price Chart

30 Day Silver Price Chart

I seldom use a cell phone, but I am prone to peak at the gold price early in the morning. I was pleased today, as it was already higher. The GOLD PRICE reached $1,291.90 today, but fell back during the day to close Comex at $1,283.80, up $6.50. In fact gold tried twice to break through $1,290, once about 3:00 a.m. Eastern time, and again about 9:30.

This reminds me of George Washington. He was a terrible tactician and general, but he had one quality that made him victorious: he wouldn't quit. No matter how many times he was beaten, no matter how much congress quarreled and quibbled and backbit, no matter how hopeless the Americans' outlook appeared, he never quit.

In a significantly lesser matter, gold reminds me today of Washington. It's coming back. It's hammering at the ceiling, then hammering again. It's climbed back above its 200 day moving average after bouncing off that uptrend line from the December low.

Tomorrow above the GOLD PRICE lurks the downtrend line form the October 2012 high about $1,297.50. That is gold's first step to breaking free.

The SILVER PRICE performance today was unlike gold's. It climbed to a high about 9:30 a.m. Eastern time, then broke and slid back to 1940c. It closed Comex up 2.8 cents (0.14%) at 1938.6. Yesterday it fell 2.8 cents. What is this, a game?

Just above silver is its 20 DMA at 1982c. It needs to cross that first, but the first formidable hurdle is 2000c, and the 200 DMA now about the same spot, namely, 2010c. This is better than silver has looked for more than a month.

The headlines screamed that the S&P500 closed above 2000, and that's true -- by 0.02, because it rose 0.11% or 2.10 to close at 2,000.2, a new high close and a new intraday high, also (2005.04).

Dow (barely) made a new intraday high at 17,153.80 over 17 July's 17,151.56. Dow rose 29.83 (0.17%) to close at 17,106.70 , not a new high close.

That brings the S&P500 close to the 2,020 top of its upper range line. Both indices have posted double tops, but that says nothing unless followed by a significant decline. Indicators are stretched out to the upside. It's a mania, so nearly impossible to predict.

Dow in gold dropped today, 0.46% to 13.31 oz (G$275.14 gold dollar). Dow in silver rose 0.89% to 884.12 oz (S$1,143.10 silver dollars). Somewhere soon we should see double tops and turns in both these indicators. What's the answer for anxiousness? Simply to watch patiently.

US Dollar Index, sucking tick on the world's economic jugular vein, rose another 11 basis points (0.13%) today to 82.69, only six basis points off my 82.75 target. Can it rise higher? Certainly, but it is now in the fifth leg up of this advance, which argues for a soon end to upwardness. RSI is more overbought than Facebook. 'Twill break soon, or my name isn't Barack Obama.

Euro continues to fall, another 0.16% today to $1.3171. It has left two gaps behind and reached the target implied by the little narrow triangle it broke down from, and it is more oversold than government promises to care for you in old age. Ought to turn up soon, unless of course the Europeans do something else stupid like sanctions on Russia or their own brand of Quantitative Easing -- which is an ever present possibility.

Yen closed flat today at 96.12 but traded higher during the day. In other words, it bounced off the bottom boundary of its 9 month trading range. Tells us nothing yet, since it would pause here anyway even if it planed to punch through and drop to the bottom of the Pacific.

I don't talk about it much but I watch the 10 year Treasury note yield every day. It plunged through important support line early in August, but has since made a double bottom -- on spikes, no less -- and may turn around if it can close through its 20 DMA, now 2.436%. Closed today at 2.391%.

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The long sleepy doldrums in the gold market have eroded the premium on all grades of US $20 gold pieces, and that's just what attracted my attention. You can buy these Very Fine (VF) grade $20 Liberty Double Eagles for $1,335.25, only 7.5% over their gold value. That's only about $10 an ounce more than you would pay for currently minted US American Eagles.

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First come, first served, and no re-orders at these prices. I will write orders based on the time I receive your email Send email to [email protected]

Sorry, we will not take orders for less than the minimum shown above.

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

It increases your chances of getting your order filled if you offer me a second choice, e.g., "I want to order Three lots of Offer #3 but if not available will take One lot of Offer #2." ORDERING INSTRUCTIONS:

1. You may order by e-mail only to [email protected]. No phone orders, please. Please do NOT order by replying to THIS email, because it will not reach me timely.

Please include your name, shipping address, and phone number in your email. Surprising as it is, we cannot ship to you without your address. Sorry, we cannot ship outside the United States or to Tennessee.

Repeat, you must include your complete name, address, and phone number. We will read your mind, but will have to charge you three times the price. Cheaper if you just supply your information so I don't have to read your mind.

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

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

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

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

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

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

7. "No Nag Basis" means that we allow fourteen (14) days for personal checks to clear before we ship.

8. Mention goldprice.org in the email.

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

Aurum et argentum comparenda sunt -- -- Gold and silver must be bought.

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 2014, 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.

The Gold Price Sits on the Buying Opportunity of 2014

25-Aug-14	Price	Change	% Change
Gold Price, $/oz	1,277.30	-1.30	-0.10%
Silver Price, $/oz	19.36	-0.03	-0.14%
Gold/Silver Ratio	65.983	0.028	0.04%
Silver/Gold Ratio	0.0152	-0.0000	-0.04%
Platinum Price	1,420.40	-0.10	-0.01%
Palladium Price	889.75	2.15	0.24%
S&P 500	1,997.92	9.52	0.48%
Dow	17,076.87	75.65	0.44%
Dow in GOLD $s	276.37	1.50	0.55%
Dow in GOLD oz	13.37	0.07	0.55%
Dow in SILVER oz	882.16	5.18	0.59%
US Dollar Index	82.58	0.19	0.23%

3 Day Gold Price Chart

30 Day Gold Price Chart

3 Day Silver Price Chart

30 Day Silver Price Chart

The GOLD PRICE sits just barely above the uptrend line from the December 2013 bottom, and the long term uptrend line on the monthly chart. I'm betting gold will hold here. If so, this will prove the buying opportunity of 2014.

The SILVER PRICE continues to slide down that downtrend line from the 2013 high.

For both silver and GOLD PRICES, I have to ask, Why haven't they broken down? Short answer is that buyers are waiting for these low prices. Another part of the answer is lack of interest. Silver's range today was 1930c to 1947c, gold's $1,281.6 to $1,276.10.

Only thing that could cancel a rosy outlook for silver and gold prices is a sudden drop through these levels.
Some things are so bodaciously stupid that you hardly know where to begin unraveling them, because the stupid sticks out all over. Today there's reports the European Criminal Bank -- whoops, Central bank -- will engage in new stimulus measures, read: inflate more. In a statement that for utterly pure stupidity could hardly be beaten, ABC News reported that "Draghi warned that low inflation -- a sign of economic weakness -- could be getting worse."

But inflation doesn't result from any act by the economy weak or strong, it can only be done by a central bank, because it is creating new money. But the point of this moronism is the lame idea that somehow new inflationary money can stimulate the economy. In fact, it can only cripple the economy, because it makes money artificially cheap which fools entrepreneurs into investing in unprofitable ventures -- in short, wasting capital. So the result of inflation is not only picking the pockets of all savers, but also misdirecting capital so that a temporary economic crisis can become chronic.

Here's proof: the US Federal Reserve has been stimulating the US economy since 2008, and the "economic recovery" remains one with the Yeti and Bigfoot. Never mind, they keep on doing it anyway, because if they ever stop printing money, their whole system will collapse.

Stocks today continued rising higher into irrationality. S&P500 hit 2000 but closed below at 1,997.92, up 9.52 or 0.48%. That was a new high for the S&P500, but not the Dow. It rose 75.65 (0.44%) to 17,076.87. Last high was 17,138.20 on 16 July.

It has become pointless to drag out measures of overvaluation for you. In the end reality will take its vengeance.

Dow in silver rose 0.66% to 882.16 oz (S$1,140.57 silver dollars), still heading for a double top with June's high at 892.99 oz (S$1,154.57).

Dow in gold rose 0.67% to 13.35 oz (G$275.97 gold dollars). Same show playing here, toward the June high at 13.53 oz (G$279.69).

US Dollar Index rose 19 basis points to 82.58, pushing close to my top target at 82.75. This might mark a top that would last a while, which would help gold. Yen today at 96.14 (down 0.1%) has reached the bottom of a 15 month trading range. Must turn up here or dive. Euro lost 0.38% to $1.3194. Euro is greatly oversold, so may show a corrective reversal soon.

In the teeth of news about as bad as it could get, a surging dollar, and a break of $1,280 support last week, gold held its ground. Oh, it lost a meager $1.30 (0.1%) to close Comex at 1,277.30. Spot silver also held firm, losing 2.8 cents (0.14%) to 1935.8c.

Aurum et argentum comparenda sunt -- -- Gold and silver must be bought.

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 2014, 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.

Gold Price has Traded Out into the Nose of an Even Sided Triangle Since July

	15-Aug-14	22-Aug-14	Change	% Change
Gold Price, $/oz.	1,304.50	1,278.60	-25.90	-2.0
Silver Price, $/oz.	19.490	19.361	-0.129	-0.7
Gold/Silver Ratio	66.932	66.040	-0.892	-1.3
Silver/gold ratio	0.0149	0.0151	0.0002	1.4
Dow in Gold Dollars (DIG$)	264.05	274.87	10.82	4.1
Dow in gold ounces	12.77	13.30	0.52	4.1
Dow in Silver ounces	854.95	878.12	23.17	2.7
Dow Industrials	16,662.91	17,001.22	338.31	2.0
S&P500	1,955.06	1,988.40	33.34	1.7
US dollar index	81.46	82.39	0.93	1.1
Platinum Price	1,458.20	1,420.50	-37.70	-2.6
Palladium Price	895.00	888.00	-7.00	-0.8

Sorry week for silver and GOLD PRICES, strong week for stocks and the US dollar. White metals suffered this week, too.

The GOLD PRICE found buyers and rose $4.90 (0.38%) to $1,278.60. The SILVER PRICE went sideways, losing 2.9 cents (0.15% to 1936.10, a low perch it has become accustomed to this week.

I can say little from Gold's performance today. Yes, it rose, but so what? Yesterday it fell $19.70 and traders who were profitably short would have closed out trades today, putting a little buying pressure on the market. Ended beneath the 200 DMA.

More important is that gold turned around at the uptrend from the December low. That offers a little comfort. The gold price has traded out into the nose of an even sided triangle since July. The height of the triangle promises a $90 move, but doesn't hint which way it will break.

Only reason to expect higher silver and gold prices next week -- lo, our eyes are sore with watching! -- is that cyclical lows were due today. Next week, however, options expire on Tuesday and that is often the opportunity for the black shirts on the trading floor to run prices down for the day to make sure the call options they've written expire worthless.

Mother Yellum at Jackson Hole practiced talking evenly out of both sides of her mouth, but most are convinced the Fed is firmly on a track to raise interest rates by mid-2015, so are climbing on the train before it leaves the station. On the Atlantic's other shore, Ridiculous Chief Criminal of the European Central Bank Mario Draghi hinted more broadly that the bank might do something like Quantitative Easing, and he whine3d that euro governments need to engage in more deficit spending. For this he gets paid the big bucks.

I was looking today at pictures of Yellum and Draghi, and something struck me. Have y'all ever noticed that when the media shows pictures of people they like, they never show them digging in their noses for a big booger or dozing off at the banquet table? Rather, they always publish pictures that make them look sober and reflective and intelligent and self-assured.

By the rumor, sell the news. Stocks which had been breathlessly anticipating the Epic Prononciamento from the Great Bankeress simply exhaled and sagged. Dow lost 38.27 (0.22%) to 17,001.22, hanging on above the morale-busting 17,000 level. S&P500 dipped 3.97 (0.2%) to 1,988.40.

A trend in force remains in force until proven otherwise. That says expect stocks to rise more. To avoid that Double Top Aura, however, stocks must build on these advances next week. Otherwise the entire rise begins to look like no more than a garlic-strong corrective B-wave in an A-B-C correction.

Let me de-jargon that for y'all. when upward trending markets correct downwards, they follow a threefold pattern, A-down, B-up, C-down. The B-wave is a trickster that can appear so strong it fools everyone into believing the correction has ended, just in time to reverse and entrap them all for the C-down leg.

Dow in Gold and Dow in Silver hooked down today, but nothing you could notice without a microscope. Dow in Silver ended down 0.08% (2/3 of an ounce) at 876.98 oz. (S$1,133.87 silver dollars). Uptrend in force makes me expect at least a double top with 1 June at 892.99 oz (S$1,154.57). Dow in Gold inched down 0.45% to 13.28 oz (G$274.52 gold dollars). Double top for Dow in Gold comes at 13.53 oz (G$279.69).

Euro took a 0.28% dive after the chief central banking criminals had their say today. Ended at $1.3245, on its way to $1.3100 or maybe $1.2750. Yen dropped a tiny 0.5% but touched at its 95.98 low below the last low at 96.05 (April). If the yen doesn't turn up soon, it jumps over a cliff with no ledge to land on higher than 94.83.

US dollar index's heart was warmed by Mother Yellum so it jumped up 18 basis points (0.23%) to 82.39. Still on track to the targeted 82.75. This sings no love song to gold, but does console us with the thought that it should shortly hit that target and then decline for a while.

Interest rates (looking at the 10 year note yield) look as if they want to move higher, but have not yet the strength for it.

Y'all go home and hug your spouse and relax. Next week is a new week.

On 22 August 1851 gold fields were discovered in Australia.

Y'all enjoy your weekend!

Aurum et argentum comparenda sunt -- -- Gold and silver must be bought.

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 2014, 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.

The Gold Price Dropped $19.70 to $1,273.70 Good Day for Buyers

21-Aug-14	Price	Change	% Change
Gold Price, $/oz	1,273.70	-19.70	-1.52%
Silver Price, $/oz	19.39	-0.08	-0.42%
Gold/Silver Ratio	65.688	-0.735	-1.11%
Silver/Gold Ratio	0.0152	0.0002	1.12%
Platinum Price	1,419.30	-8.40	-0.59%
Palladium Price	880.40	11.45	1.32%
S&P 500	1,992.37	5.86	0.29%
Dow	17,039.49	60.36	0.36%
Dow in GOLD $s	276.55	5.18	1.91%
Dow in GOLD oz	13.38	0.25	1.91%
Dow in SILVER oz	878.78	6.80	0.78%
US Dollar Index	82.21	-0.08	-0.10%

Bad day for the gold, good day for gold buyers. The GOLD PRICE dropped $19.70 (1.55%) to $1,273.70 while silver dropped only 8.2 cents (0.242%) to 1939c.

Where does that put gold? It fell through its 200 day moving average, but as I have been mooting some time, it fell nearly to the uptrend line from the December low, which today is near $1,270. Today's low hit $1,273.40. If the GOLD PRICE doesn't catch around here, or tomorrow above $1,270, we're dealing with another thing. Also, a cyclical low is due between the 21st or 22nd. Tomorrow will tell us.

Y'all notice how the SILVER PRICE drops here much more reluctantly than gold? That's because down around that 1930 area (low today came at 1928c) buyers are waiting. There is lateral support there (call it 1925c), but silver also managed to close just above that downtrend line from August 2013.

Either silver and gold prices turn around at/near these prices, or they'll take another big drop. Watch closely tomorrow. A jump up would be very positive, a lackluster performance negative.

Today the S&P500 closed at a new all time high, up 5.86 (0.29%) to 1,992.37. Dow did not make a new high but closed above 17,000, higher by 60.36 (0.36%) at 17,039.49.

Depending on how long the mania continues, S&P500 could easily reach 2000, even tomorrow.

Why am I always so negative on stocks? Because I have seen these tops before, and when they happen you can't find a radioactive bear with a Geiger counter, because everybody but everybody is bullish. But think about it: when everybody is bullish, everybody has bought, and one bright day you run out of buyers. This is playing out much like the July - August 2011 gold top. People say they can set a target, but I don't have much faith in that. Dow could reach -- not now, but later this year -- over 18,000. I just watch for the signal that it's turned.

In the past few days both the Dow in Gold and Dow in silver have fundamentally changed their chart's appearances. Can't call it a correction any longer because it looks like another advance. Most likely target would be the June tops, which would paint double tops on the chart. those June tops are at 892.99 oz (S$1,154.57 silver dollars) and 13.53 oz (G$279.69 gold dollars). Today the Dow in Gold finished up 1.7% at 13.36 oz (G$276.18) and the Dow in silver closed at 872.96 oz (S$1,128.68).

US dollar index backed off 8 basis points (-0.13%) to 82.21 today. Caution is that the dollar index made a new high for the move but closed lower than yesterday, and that's the first half of a key reversal. Euro clawed back 0.17% to $1.3282, still rotting and brown around the edges. Lower euro a-coming. Yen lost another 0,1% to 96.30. Sick, sick.

Aurum et argentum comparenda sunt -- -- Gold and silver must be bought.

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 2014, 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.

Silver and Gold Prices Seem Determined to Hold on Here

20-Aug-14	Price	Change	% Change
Gold Price, $/oz	1,293.40	-1.70	-0.12%
Silver Price, $/oz	19.47	0.09	0.44%
Gold/Silver Ratio	66.429	-0.374	-0.56%
Silver/Gold Ratio	0.0151	0.0001	0.56%
Platinum Price	1,427.70	-9.98	-0.69%
Palladium Price	868.95	-12.35	-1.40%
S&P 500	1,986.51	4.91	0.25%
Dow	16,979.13	59.54	0.35%
Dow in GOLD $s	271.35	1.29	0.48%
Dow in GOLD oz	13.13	0.06	0.48%
Dow in SILVER oz	871.98	-0.75	-0.09%
US Dollar Index	82.29	0.36	0.44%

3 Day Gold Price Chart

30 Day Gold Price Chart

3 Day Silver Price Chart

30 Day Silver Price Chart

I went to the GOLD PRICE chart expecting to see a great cleft at 2:00 p.m, but twarn't there. In fact, the gold price traded very tightly most of the day between $1,299.30 and $1,291.10. It closed comes down $1.70 (0.12%) at $1,293.40, Then in the aftermarket gold panicked and fell to $1,289 although it later recovered to $1,290+.

SILVER PRICE gained 8.5 cents (+0.44%) to 1947.2c.

Silver and GOLD PRICES have done nothing even to whisper a reversal, but I have to wonder why they haven't fallen further, either. Both seem determined to hold on here, which suggests buyers come in at lower prices. In the last two days gold has lost its advantages, closed below its 20 and 50 day moving averages, and closed again below the downtrend line for the October 2012 high. The gold price has established a range between $1,281 and $1,325. Nothing happens until it breaks out of that prison.

Silver's low yesterday prompted a rally-ette today. Silver remains barely above the downtrend form the August 2013 high, and has been sliding down that line most of August. Support awaits at 1920c, then further down at 1861c. RSI is approaching oversold.

As I said, most hope here for silver and gold investors is that neither metal has fallen off. That makes those lows -- $1,281 and 1936c -- just that much more important lines to hold.

The Fed FOMC committee minutes from July were published today at 2:00 p.m., and stock markets interpreted their impenetrable remarks as positive for stocks. Of course, they'd have interpreted the landing of aliens in a space ship the size of New Jersey as a positive for stocks, too. Apparently a few of the persons quoted in the minutes seemed to think the Fed would need to possibly, maybe, perhaps, sometime raise interest rates sooner rather than wait for the end of the world.

Stocks were trepedatious all day long, and even after those FOMC minutes were published at 2:00 p.m. weren't sure which way to jump. At the last they jumped up (a trend in motion stays in motion, etc.), but not enough to bother writing your mama about. Dow rose 59.54 (0.35%) to 16,979.13. a long ways from the 17,138 high close. S&P500 gained 4.91 (0.25%) to close at 1,986.51, not far from the 24 July high close at 1,987.98.

Dow in gold and Dow in silver changed little. DiG rose 0.43% to 13.11 oz (G$271.01 gold dollars). DiS hooked down a tiny 0.12% to 870.86 oz (S$1,125.96 silver dollars).

Dollar lapped up the FOMC minutes. US dollar index rose 36 basis points (0.45%) to 82.29. That makes good yesterday's close above the 81.75 resistance, and points the dollars scrofulous snout at 82.75. This might happen soon, as the dollar index is more overbought than ptomaine at a carnival food alley.

Dollar's rise left the yen and euro puking sick. Euro gapped down and lost 0.45% to $1.3255, targeting $1.3100, maybe $1.2755. But the euro looked sturdy compared to the yen, which gapped much further down and slid and slid and slid, down 0.85 to 96.39, a new low for the move since July. Bottom of trading range stands at about 95.50, which it could hit tomorrow at the present rate of descent.

Aurum et argentum comparenda sunt -- -- Gold and silver must be bought.

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 2014, 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.

The Gold Price Dropped $2.60 Closing at $1,295.10

19-Aug-14	Price	Change	% Change
Gold Price, $/oz	1,295.10	-2.6	-0.52%
Silver Price, $/oz	19.387	-21.3	0.56%
Gold/Silver Ratio	66.209	-0.723	-1.08%
Silver/Gold Ratio	0.0151	0.0002	1.09%
Platinum Price	1,437.50	-5.70	-0.39%
Palladium Price	881.30	-14.10	-1.57%
S&P 500	1,981.60	9.86	0.50%
Dow	16,919.59	80.85	0.48%
Dow in GOLD $s	269.52	2.69	1.01%
Dow in GOLD oz	13.04	0.13	1.01%
Dow in SILVER oz	863.24	-0.72	-0.08%
US Dollar Index	81.93	0.31	0.38%

3 Day Gold Price Chart

30 Day Gold Price Chart

3 Day Silver Price Chart

30 Day Silver Price Chart

The GOLD PRICE dropped $2.60 (0.52%) to $1,295.10. Silver dropped 21.3 cents (0.56%) to 1938.7 cents today.

Nothing hit the gold price really hard. About 8:30 the US dollar, wino of fiat currencies, began to rise and about the same time the GOLD PRICE began to fall. It began the day poking as high as $1,303.70, but dropped and dropped until 1:00 p.m, down to $1,294.70. Closed a bare 40 cents above the low.

Well, it didn't close below $1,295, but it's only a hair above the uptrend line from the June low. Should gold break that line it would drop toward the uptrend line from the December low, which tomorrow stands at $1,270. Reversing upward requires a gold close above $1,325.

The SILVER PRICE barely crossed under that downtrend from the August 2013 high today, not really enough to call it a breakdown. Just below about 1925c stands lateral support, and beneath that 1860c.

Stepping back from the chart, the last 14 months seem to paint a bottom on both silver and gold, but the next couple of days could be as much fun as a self-directed tooth extraction with wire pliers and a hammer.

Durn! What in the world is wrong with me? Why can't I get with the 21st century? What can't I look at the news of markets hanging on Janet Yellum's next words at the meeting of Our Masters at (the appropriately- named) Jackson Hole and not feel that same warm enthusiasm that Winston Smith felt looking at Big Brother on the Telescreen? Why doesn't my heart melt with gratitude and why don't thankful tears run down my cheeks? Why do I continue in my stubborn, self-willed exile from the love of Big Brother?

I reckon because it's all too durned silly, and I'm too much of a hick to recognize Our Masters, let alone respect them. Besides, if they really were Masters of The Universe, as they were touted, wouldn't they look better and smarter than Janet Yellum and all the rest?

But look here at me! I hardly know how to scrape a hog, and here I am knocking my betters. I ought to be ashamed (but I ain't).

Stock market's on another tear. Dow rose 80.85 (0.48%) to 16,919.59 while the S&P added9.86 (0.5%) to 1,981.60. It's the best of all possible worlds. Apparently these indices aim to put in a double top somewhere near or slightly above where they've been before. Dow today closed barely above that uptrend line from the March 2009 low. Recall it had fallen through that back at July's farewell.

Stock strength and metal weakness today sent the Dow in Gold and Dow in silver soaring. Dow in silver rose 1.36% to 871.92 oz (S$1,127.33 silver dollars) and if it doesn't reverse soon will make a double top with the 1 June high at 892.99 (S$1,154.57). Rapidly approaching overbought on the RSI and full stochastic.

Dow in Gold ended the day higher by 0.65%$ at 13.05 oz (G$269.77 gold dollars). This corrects a little over 50% of the fall from 9 June to 7 August, so this chart looks altogether different to the Dow in Silver. The 61.8% correction level is above at 13.12 oz.

Buy the news, sell the rumor. We'll have to put up with this I reckon until Yellum speaks on Friday and nothing comes out of her mouth but hot air. Till then I just have to grin like a jackass eating sawbriars and bear it.

Another thing not helping gold is the US dollar. It rose 31 basis points (0.38%) today to 81.93, finally breaking free of that consolidation either side of 81.50. Target is 82.75 at least.

Euro today broke down from an even-sided triangle to make a new low for the move at $1.3321 (down 0.32%). Looks like the fun's just beginning for the Euro. Yen lost 0.33% to 97.18 and looks hopeless.

Bond and note prices have been rising, anticipating that Big Mother will be announce low interest rates long into the future. We are now watching interest rates retrace the upward progress they made during 2013. Shoot, maybe the law of gravity is all wrong. Maybe it ain't no law a-tall. Maybe Our Masters really are alchemists who can turn paper into gold.

Aurum et argentum comparenda sunt -- -- Gold and silver must be bought.

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 2014, 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.