Monday, October 13, 2014

Silver and Gold Prices Higher with the Gold Price Closing at $1,229.30

13-Oct-14PriceChange% Change
Gold Price, $/oz1,229.308.300.68%
Silver Price, $/oz17.290.040.24%
Gold/Silver Ratio71.0820.3080.44%
Silver/Gold Ratio0.0141-0.0001-0.43%
Platinum Price1,260.70-0.40-0.03%
Palladium Price785.100.900.11%
S&P 5001,874.74-31.39-1.65%
Dow in GOLD $s274.45-5.64-2.01%
Dow in GOLD oz13.28-0.27-2.01%
Dow in SILVER oz943.74-15.23-1.59%
US Dollar Index85.53-53.00-38.26%

3 Day Gold Price Chart
30 Day Gold Price Chart
5 Year Gold Price Chart
3 Day Silver Price Chart
30 Day Silver Price Chart
5 Year Silver Price Chart
Have to make this fast. We're under a tornado warning and I need to get someplace safe. Susan'll kill me if I get hit by a tornado.

These blasted metals markets are really bogus. Comex closes, then the aftermarket jumps way up. Looks like the fingerprints of the Nice Government men.

The comex GOLD PRICE closed up $8.30 to 1,229.30, but in the aftermarket is now trading up 1.3% from Friday at $1,236.80. The SILVER PRICE closed up 4.2 cents at $17.294, then in the aftermarket rose to $17.52, up 1% from Friday. Which is real, and which is Memorex?

From here, markets are confirming that Stocks have topped and will move lower, and silver and GOLD PRICES will move higher. Gold right now is pennies below that $1,237 resistance which is the next barrier. Ought to fall tomorrow, along with $17.50 for silver.

Not sure yet that silver and gold prices have bottomed, but prices on 3 October were the lowest in the last three years (closes, I mean).

Buy some gold and silver now.

Charles Hugh smith had a provocative article today at He asks, Will the Fed let the stock market crash before an election? But the deeper question he asks is, if the Fed and other central banks have manipulated stocks higher so long, what's to prevent their doing it longer? What IS the ultimate brake on their money printing? I believe it is that someday that money they are creating to inflate stock prices will escape into consumer prices. I'm not saying hyperinflation is certain, but central banks are sure making it easy.

Thinking about the present media, government, and CDC fulminations about Ebola, my son said, "See if these words bring anything to mind: 'swine flu,' bird flu', 'West Nile Virus.' It's the same old horror movie, The Bacteria That Ate Cleveland." NOW TO MARKETS

Dow sank 223.03 (1.35%) today and is now down 1.5% for the year. S&P500 sank 31.39 (1.65%) to 1,874.74. Big losses came after 2:00 p.m. across all markets, which looks like a panic.

Dow in gold closed at 13.20 oz (G$272.86), crashing thru its 50 DMA and into the even-sided triangle whence it broke out in July. Tanking.

Dow in silver dropped 1.94% to close 933.17 oz (S$1,206.52). Long above smashed its 20 DMA, now trying to break down thru the upper resistance line that it threw over in September.

Dow in silver crashed through its20 DMA (S$1,244.95 silver dollars or 962.89 oz) and skidded to a stop down 1.89% atS$1,242.17 (960.74 oz).

US dollar index lost 53 basis points (0.61%) and closed 85.53. Headed lower soon, probably tomorrow. Euro rose 0.75% to $1.2719. Yen rose another 0.71% to 93.54, rallying.

Got to run. Lightning is getting close.

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

- Franklin Sanders, The Moneychanger

© 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.