Tuesday, November 18, 2014

The Gold Price Closed Up 1.16 Percent at $1,196.70

18-Nov-14PriceChange% Change
Gold Price, $/oz1,196.7013.701.16%
Silver Price, $/oz16.170.120.73%
Gold/Silver Ratio74.0070.3140.43%
Silver/Gold Ratio0.0135-0.0001-0.42%
Platinum Price1,205.103.300.27%
Palladium Price776.358.001.04%
S&P 5002,051.8010.480.51%
Dow in GOLD $s305.54-2.84-0.92%
Dow in GOLD oz14.78-0.14-0.92%
Dow in SILVER oz1,093.87-5.48-0.50%
US Dollar Index87.63-0.39-0.44%

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
The GOLD PRICE advanced 13.70 yesterday, to $1,196.70 while silver jumped 11.7 cents to $16.17. Gold's high was $1,204.

Now that the gold price has passed the $1,180 hurdle, $1,200 is the next one. This morning gold has not quite pierced that veil, and stand at $1,197.70. Silver is up about 15 cents to $16.30.

The SILVER PRICE is the irritant and laggard here, foot-tangled at its 20 DMA ($16.27). Silver needs to push on quickly past 1650 and 1700c, or we risk another episode where a piddling rally simply burns up purchasing power with no gain.

US dollar index dropped a big 39 basis points yesterday to end at 87.63. Still trying to correct, but too strong to fall.

Dow made another marginal new high yesterday, still pressing into overhead resistance. Big tumble coming soon.

Last night ATandT got into some kind of tangle in Atlanta that killed my little wifi service here in Tennessee, so I couldn't send y'all a commentary. Today I am finishing my monthly newsletter for paid subscribers, so I won't be able to send one tonight, either, so I'm carpe-ing this diem to send y'all some words on yesterday and the open today.

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.