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Friday, February 28, 2014

The Gold Price Closed at $1,321.60

Gold Price Close Today : 1,321.60
Gold Price Close 21-Feb-14 : 1,323.90
Change : -2.30 or -0.17%

Silver Price Close Today : 21.20
Silver Price Close 21-Feb-14 : 21.782
Change : -46.80 or -2.67%

Gold Silver Ratio Today : 62.33
Gold Silver Ratio 21-Feb-14 : 60.780
Change : 1.55 or 2.55%

Franklin is going to the Space Center in Huntsville with his grandchildren and will publish commentary again Monday.

Y'all enjoy your weekend!

Argentum et aurum 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.



Thursday, February 27, 2014

The Gold Price Closed $3.80 Higher at $1,331.80

Gold Price Close Today : 1,331.60
Gold Price Close 21-Feb-14 : 1,323.90
Change : 7.70 or 0.6%

Silver Price Close Today : 21.314
Silver Price Close 21-Feb-14 : 21.782
Change : -46.80 or -2.1%

Gold Silver Ratio Today : 62.475
Gold Silver Ratio 21-Feb-14 : 60.780
Change : 1.696 or 2.8%

Silver Gold Ratio : 0.01601
Silver Gold Ratio 21-Feb-14 : 0.01645
Change : -0.00045 or -2.7%

Dow in Gold Dollars : $ 252.62
Dow in Gold Dollars 21-Feb-14 : $ 251.44
Change : 1.18 or 0.5%

Dow in Gold Ounces : 12.220
Dow in Gold Ounces 21-Feb-14 : 12.164
Change : 0.06 or 0.5%

Dow in Silver Ounces : 763.47
Dow in Silver Ounces 21-Feb-14 : 739.29
Change : 24.18 or 3.3%

Dow Industrial : 16,272.65
Dow Industrial 21-Feb-14 : 16,103.30
Change : 169.35 or 1.1%

S&P 500 : 1,854.29
S&P 500 21-Feb-14 : 1,836.25
Change : 18.04 or 1.0%

US Dollar Index : 80.320
US Dollar Index 21-Feb-14 : 80.300
Change : 0.02 or 0.0%

Platinum Price Close Today : 1,452.15
Platinum Price Close 21-Feb-14 : 1,426.30
Change : 25.85 or 1.8%

Palladium Price Close Today : 742.25
Palladium Price Close 21-Feb-14 : 740.00
Change : 2.25 or 0.3%

Silver and GOLD PRICES both rose today, silver by 6 cents (0.28%) to 2131.4c and gold by $3.60 (0.27%) to $1,331.60.

All the same, other indicators still imply SILVER and GOLD PRICES must correct a while before rising further. A 50% correction of the long upmove from the December low would take silver back to 2050c, where silver broke out on 14 February. A kiss back to the breakaway point is fairly common. For the gold price the breakout was about $1,280, the break out from an upside down head and shoulders formation. But $1,300 was important resistance, so it might stop there.

Of course, I might have it all wrong and this might prove no more than a short breath-catcher before the gold price tries again to break through $1,360 resistance. When I'm confused, I just sit still till it passes. Gold closing above $1,350 and silver above 2220c would contradict my correction expectation.

Any correction gives us one last splendid opportunity to swap gold for silver above 60:1, holding the silver to swap back below 32:1. Act now.

I'm going to the Space Center in Huntsville with some of my grandchildren tomorrow, so I'm sending you the Friday report on Thursday.

This week probably put the cap on silver and gold prices for a little while. Stocks are laboring to rise, but not convincingly. US dollar index is stuck, spinning wheels.

Mama Yellen spake to the Senate Banking Committee, and her remarks are the reason cited by the media for stocks rise today. As usual, I couldn't tease anything so optimistic out of her remarks, but observed she has adopted the Greenspan Technique of saying nothing in a lot of words. But if stocks were willing to rise on a speech like that, they were rising anyway.

S&P500 made a new high close at 1,854.29, up 9.13 (0.49%) today and 5.99 higher than its last all-time high in January (1,848.30). There's an old rule that says that breakouts don't count until they exceed by 2% (some say 3%). So the S&P500 really needs a new high at (1,848.30 x 1.02%) 1,885.27 to create real excitement.

Meanwhile, back on the chart, the S&P500 has merely sketched out a megaphone or broadening top. This can be a very long, frustrating formation, making higher highs and lower lows, reversing again and again until finally it breaks down. And the S&P500 might move higher still.

But other markets ought to make stock buyers uneasy. Why is the Dow Industrials lagging so badly? Why is the Dow Transportation average lagging, too? Dow Industrial Average today rose 0.46% or 74.24 to 16,272.65. That remains a right smart below the 31 December 2013 16,588.25 intraday high.

Think of silver and gold. They might play leapfrog from time to time, but they can't continually contradict each other. That signals a reversal ahead. So it is with the various stock indices, they ought to confirm each other, and when they don't, they're whispering a warning.

US dollar index today closed at 80.32, losing 12 basis points (0.15%) or half of what it gained yesterday. The Dollar index stands in a position at its trading range's bottom where it might turn and climb, but so far it can't even pierce its 20 DMA (80.63). Maybe Mama Janet can talk it up.

Euro retraced today what it lost yesterday, up 0.17% to $1.3710. It has rolled over and acts as if it is breaking down. Yen gained 0.24% to 97.93, popping above its 20 DMA as if it had a mind to rise.

Y'all enjoy your weekend!

Argentum et aurum 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.



Wednesday, February 26, 2014

The Gold Price Gave Up $14.80 or 1.1% to End Comex at $1,328.20

Gold Price Close Today : 1328.20
Change : -14.80 or -1.10%

Silver Price Close Today : 21.254
Change : -0.709 or -3.23%

Gold Silver Ratio Today : 62.492
Change : 1.343 or 2.20%

Silver Gold Ratio Today : 0.01600
Change : -0.000352 or -2.15%

Platinum Price Close Today : 1428.20
Change : -13.85 or -0.96%

Palladium Price Close Today : 731.50
Change : -4.60 or -0.62%

S&P 500 : 1,845.16
Change : 0.00 or 0.00%

Dow In GOLD$ : $252.11
Change : $ 3.07 or 1.23%

Dow in GOLD oz : 12.196
Change : 0.148 or 1.23%

Dow in SILVER oz : 762.13
Change : 25.46 or 3.46%

Dow Industrial : 16,198.41
Change : 18.75 or 0.12%

US Dollar Index : 80.440
Change : 0.250 or 0.31%

Silver and GOLD PRICES fell back sharply today. Silver lost 70.9 cents or 3.23% to 2125.4 cents. The gold price gave up $14.80 (1.1%) to end Comex at $1,328.20.

The GOLD PRICE reach roughly it's October high ($1,361.80) with today's intraday high at $1,345.60. Whither from here? The 200 DMA stands at $1,305, major support/resistance at $1,300, and the neckline of the upside down head and shoulders gold broke out of stands about $1,380. Any of those might be targets, but gold will likely see several days of correction. A 50% correction of the end-December intraday low ($1,181.40) to today's intraday high ($1,345.60) would take the gold price to $1,263.50.

Biggest nailbiter is whether Gold will hold on here, or make one last plunge below the double bottoms of June and December. I don't expect that, but it is a possibility that I must confess.

The SILVER PRICE rising flag was already making me nervous yesterday, and I should have paid closer attention, especially with the RSI overbought. Today it dropped all the way down to the 200 DMA (2106c).

A 50% correction from the December low (1872c) to the move's high (2218) would pull silver back to 2045c. Coincidentally, 2050 is where silver made its giant breakout on 14 February. A 62% correction would send silver to 2000c.

These aren't prophecies, only forecasts and thinking out loud.

Right now we just wait to see where this will stop.

One good thing about this drop: it took the GOLD/SILVER RATIO up to 62.492, so you have a little more time to swap gold for silver above 60:1. I heartily recommend that swap.

A reader asked me to explain why some bullion coins, like Mexican 50 pesos and Austrian 100 coronas) are cheaper than others (like American Eagles and Maple Leaves, etc.).

The simple answer is found in the immortal words of Yogurt in the movie Space Balls: "Moichandizing!"

Copying the Krugerrand's success, all the modern coin mints distribute through 20 or 25 major wholesalers, and enforce a high premium (profitable to the mint) on the coins, higher as the coins get smaller. Without this cartel enforcing those high premiums, they collapse, as we saw in early 2000 after pre-Y2K buyers sold back all those American Eagles they had bought, knocking premiums down to zero.

If you remember nothing else, remember this: OVER TIME PREMIUM ALWAYS DISAPPEARS. As a bull market keeps sending silver or gold up, it also grinds away at those premiums. At the market peak (I've been there) NO COIN carries a premium. At peak, nobody asks what KIND of ounces you have, only "How many?"

Therefore you are throwing away money when you buy premium, like the higher premium on American Eagles and other modern issue coins. You will NOT recoup that premium when you sell. Same applies to so-called numismatic coins like US $20s and $10s. I have, by the way, charts of those premiums back to 1998 to prove that numismatic coins DO NOT outperform bullion. ("Numismatic" here means the common, plentiful semi-numismatic stuff some companies companies push, like US $20 golds. It doesn't include genuinely scarce coins like an 1804 dollar.) Generally they mark those coins up 45% so they can pay the salesman a 25% commission, unlike bullion dealers who work on a 3.5% to 1% markup.

Don't bother sending me emails correcting me with some boiler room salesman's sales pitch about confiscation, non-taxability, numismatic outperformance, non-reportability and other myths. I have 34 years' experience in this business, not one year's experience thirty-four times.

So why are Austrian 100 coronas and Mex 50s cheaper? Because their premiums are not supported by a marketing cartel. Those were the most popular gold coins in the world until the Krugerrand was introduced in 1968 with one marketing ploy: it contained an exact ounce of gold, not 0.9802 oz (A100c) or 1.2057 oz (Mx50p).

A coin can lose all its premium on the sell side, but arbitrage keeps them up on the buy side. If they fall much below their spot gold value, dealers will begin buying and melting them. That's why at wholesale no gold coin every falls much below a 2% discount (98% of melt value), since they're profitable to melt about there.

Often dealers "talk their inventories." If you ask about the lower premium coins, they'll badmouth them because they don't stock them and want to sell you what they have in stock. (Sorry, it's a fallen world.) But it's always in your interest to buy the lowest cost silver and gold you can get, because OVER TIME PREMIUM ALWAYS DISAPPEARS.

And no matter how many times I explain all this, some people still buy high premium American Eagle gold and silver coins, and that's fine. I tell people, "I'm your servant, not your master. Buy what you're comfortable with, not what I'm comfortable with."

How much do you save with the Austrian or Mexican coins? Today about $40 an ounce. Not much if you're buying one ounce, but you get nearly a quarter ounce free on ten ounces, nearly three ounces free on a hundred.

Some dealers will also say that the Austrian or Mexican or other coins are hard to sell back (aren't liquid). That is not true. Also, they'll tell you the Mexicans have been heavily counterfeited. There have been a few counterfeits, but not good enough to fool any dealer worth his scale, so that's no problem.

Stocks were flat today. S&P500 rose 0.04 to 1,845.16 against yesterday's 1,845.12. Who-hoo. Dow rose 18.75 (0.12%) to 16,198.41. Dow is refusing to confirm new highs in other indices, and those others are stuck.

Today's tumbles in silver and gold took the Dow in metals up. Dow in gold rose 1.08% to 12.18 oz (G$251.78 gold dollars). Dow in silver rose sharply, 3.62% or 26.68 oz, to 763.36 oz and above the 742.91 oz 200 DMA.

US dollar index awoke today, but not like a giant refreshed with wine. Climbed 25 basis points (0.31%) to 80.44. It is still range trading in the lower third of its range, below all its moving averages. Today may mark a change in attitude, but the dollar index will have to show us.

Didn't take much from the dollar to knock the stuffing out of the euro. It fell 0.43% to $1.3686 and trying to turn down. Yen dropped 0.22% to 97.7 cents/Y100 and no change.

Argentum et aurum 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.



Tuesday, February 25, 2014

The Gold Price Added $4.70 Closing Nearly at it's High at $1,343

Gold Price Close Today : 1343.00
Change : 4.70 or 0.35%

Silver Price Close Today : 21.963
Change : -0.088 or -0.40%

Gold Silver Ratio Today : 61.148
Change : 0.457 or 0.75%

Silver Gold Ratio Today : 0.01635
Change : -0.000123 or -0.75%

Platinum Price Close Today : 1441.70
Change : -12.00 or -0.83%

Palladium Price Close Today : 736.10
Change : 0.90 or 0.12%

S&P 500 : 1,845.12
Change : -2.49 or -0.13%

Dow In GOLD$ : $249.04
Change : $ (1.30) or -0.52%

Dow in GOLD oz : 12.047
Change : -0.063 or -0.52%

Dow in SILVER oz : 736.68
Change : 1.69 or 0.23%

Dow Industrial : 16,179.66
Change : -27.48 or -0.17%

US Dollar Index : 80.190
Change : -0.060 or -0.07%

The GOLD PRICE added $4.70 to the $14.40 it gained yesterday and closed Comex at $1,343, nearly at the high. Silver, however backed off 8.8 cents to 2196.3c.

After that brief pause last Thursday, gold resumed rising again today. The GOLD PRICE is nearing the October high at $1,362, but at the rate it's moving probably won't slow down for that. If it does slice clean through there without having to make two tries, gold will attract way more buyers. Gold is overbought, but can get more overbought, and the overboughtness can continue for weeks.

The SILVER PRICE ought to break out of its flag tomorrow and continue higher by at least another 100 cents. Next soul searching comes at 2300c, and if silver can break through that, well, it will knock on 2500c.

Every day adds more evidence that the long correction has ended. Y'all better be thinking about buying.

The world's biggest Bitcoin distributor, Mt. Gox, has gone off line, sunk beneath the waves of the future. Turns out Bitcoin has a quirk that allowed some dishonest souls to take Mt. Gox for nearly $400 million. Well, or take Mt. Gox' customers, as the case may be. It was not reported today that any owners of gold or silver who had taken physical delivery had been shut down or lost their metal to a computer program back door. (Whoo, hush! I am sailing awfully close to sarcasm.)

Yesterday raised many questions for stocks. Nasdaq and Nasdaq 100 rose to new high closes, S&P500 made a new intraday high. Can the Dow follow? It's lagging far behind.

Stocks opened lower today then about 11:00 tried to beat yesterday's prices without any success. Indices all dropped today, stalled at the last highs. That's not to say they can't go higher.

Dow today lost 27.48 (after adding 102.83 yesterday) to close at 16,179.66. S&P500 lost 2.49 (after gaining 11.46 Monday) to 1,845.12. Both have formed fatal broadening tops, but still make new highs before those megaphones exact their vengeance.

Dow in Gold and Dow in Silver are both way oversold, but are not showing any mind to turn up and correct. DiG dropped 0.52% today to end the day at 12.05 oz (G$249.10 gold dollars), still above the 200 DMA at 11.95 (G$247.03). DiS rose 0.23% (1.69 oz) to 736.68 oz, below its 742.26 oz 200 DMA and in full return-to-earth mode.

US Dollar index is not quite sorry as gully dirt, but it's closing in on it. Lost 6 basis points today (0.07%) to 80.19, simply moving sideways right above support at 80. Been locked in the same trading range since September. Now THAT'S ambition.

I just can't get excited about any of these nasty, scrofulous, scabby, fleabitten fiat currencies. The euro is clogged like the drain in a beauty parlor, can't go up and can't go down. Would have to top $1.3800 to unstop that drain, or drop below $1.3700. That nasty yen ain't no prize, either, dancing sideways over its 20 DMA. Ended today up 02.6% at 97.83.

QUICK SPECIAL OFFER

I usually don't stock this many quarter ounce American Eagles so I need to square up my inventory right quick. I am pricing these to move, barely over wholesale.

This price is based on spot gold at $1,343 and spot silver at $21.963.

THE OFFER

Six each one-fourth ounce gold American Eagle coins at $364.50 each for a total of $2,187.00 plus $35 shipping for a grand total of $2,222.00. That's a premium of 8.6% over melt value.

NOTE: I will levy only one shipping charge per order no matter how many lots you buy.

Special Conditions:

First come, first served, and no re-orders at these prices. I will write orders based on the time I receive your e-mail. Send email to offers@the-moneychanger.com

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 Two lots but if not available will take One lot." ORDERING INSTRUCTIONS:

1. You may order by e-mail only to offers@the-moneychanger.com. No phone orders, please. Please do NOT order by replying to THIS email, because it will delay your email.

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. Our clairvoyant quit without warning last week, then I tripped, dropped, and smashed my crystal ball, and our fortune-teller is on strike, so I can no longer 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 your 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.

Argentum et aurum 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.



Monday, February 24, 2014

The Gold Price Closed Higher at $1,338

Gold Price Close Today : 1338.00
Change : 14.40 or 1.09%

Silver Price Close Today : 22.05
Change : 0.27 or 1.23%

Gold Silver Ratio Today : 60.68
Change : -0.09 or -0.15%

Franklin 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

© 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.



Friday, February 21, 2014

This Silver and Gold Price Rally Will Far Surpass Gains Seen from 2001 - 2011

Gold Price Close Today : 1,323.90
Gold Price Close 14-Feb-14 : 1,319.00
Change : 4.90 or 0.4%

Silver Price Close Today : 21.782
Silver Price Close 14-Feb-14 : 21.411
Change : 0.371 or 1.7%

Gold Silver Ratio Today : 60.780
Gold Silver Ratio 14-Feb-14 : 61.604
Change : -0.824 or -1.3%

Silver Gold Ratio : 0.01645
Silver Gold Ratio 14-Feb-14 : 0.01623
Change : 0.00022 or 1.4%

Dow in Gold Dollars : $ 251.44
Dow in Gold Dollars 14-Feb-14 : $ 253.18
Change : -1.73 or -0.7%

Dow in Gold Ounces : 12.164
Dow in Gold Ounces 14-Feb-14 : 12.247
Change : -0.08 or -0.7%

Dow in Silver Ounces : 739.29
Dow in Silver Ounces 14-Feb-14 : 754.49
Change : -15.20 or -2.0%

Dow Industrial : 16,103.30
Dow Industrial 14-Feb-14 : 16,154.39
Change : -51.09 or -0.3%

S&P 500 : 1,836.25
S&P 500 14-Feb-14 : 1,838.63
Change : -2.38 or -0.1%

US Dollar Index : 80.300
US Dollar Index 14-Feb-14 : 80.180
Change : 0.12 or 0.1%

Platinum Price Close Today : 1,426.30
Platinum Price Close 14-Feb-14 : 1,428.50
Change : -2.20 or -0.2%

Palladium Price Close Today : 740.00
Palladium Price Close 14-Feb-14 : 737.40
Change : 2.60 or 0.4%


Silver and GOLD PRICES scored another successful week, suffering a small correction bravely met. Gold rose 0.4% for the week, silver 1.7%. Today gold won another $6.80 (0.5%) to $1,323.90. Silver inched up 9.8 cents (0.5%) to 2178.2c.

After Tuesday's 2198c intraday high silver went into resting mode, but still never dropped lower than 2138c this week. This formation looks like a "pennant". Rule of thumb says, "Flags (and pennants) always fly at half staff," which gives this move a first target of about 2350c. Next week should witness silver jump up again.

Y'all shouldn't underestimate the worth of silver and gold prices at last climbing above their 200 day moving averages. That points momentum upward after we have struggled more than two years in a correction, with silver beneath that 200 DMA most of the time.

Last week the GOLD PRICE broke through $1,300 and $1,320 resistance. It's breathing and puffing here, but should reach $1,360 before it takes a real rest. Gold might drop as low as $1,280 without breaking this uptrend.

On the weekly chart the gold price has risen plumb to the evil downtrend line from the August 2011 high, stands above the 20 week moving average and is kissing its 50 WMA. Confirmation comes when it passes the August high ($1,434), getting ready to challenge $1,550 where the April Agony occurred.

The SILVER PRICE weekly chart shineth even more brightly. Silver has risen above its since-April 2011 downtrend line and is also kissing its 50 WMA.

Silver and gold ought to have at least a week left to rally. But never mind anticipations, both have definitively turned up out of the 2011-2013 correction. And this rally will far surpass any gains silver or gold saw from 2001 - 2011. Read that again, because I mean it. The best and biggest gains are yet to come.

If y'all miss that train, don't send me any post cards complaining I didn't warn y'all.

One last time I'll remind y'all, if you ever want to swap gold for silver at spot ratios above 60:1, you'd better jump. We are swapping gold for silver now, targeting a swap back at 31;1 or better.

Solid week for metals, making good last week's gains. Stocks struggled and still closed barely lower. US dollar index feebly rose. Dow measured in Silver and gold fell further.

US DOLLAR INDEX did no more this week than validate the bottom boundary (79.95) of the range in force since September, 79.75 - 81.50. Today peeled off two basis points to fall to 80.30. Momentum is earthward.

The euro, "The Manic Depressive Fiat Currency," rose again today. It's tightening up in a triangle that might shoot high but might also step through a rotten well cover. Today gained 0.14% to $1.3738. Japanese yen, lower by 0.22% today to 97.25, now hath fallen below its 20 day moving average. Should move lower, but barely.

STOCKS closed lower this week. Out of six weeks this year, stocks have closed lower three. Today most indices fell, not much, just enough to break morale. Dow mislaid 29.93 (0.2%) to 16,103.30. S&P500 lost 3.53 (0.2%) to end at 1,836.25

Stocks are painfully fulfilling a broadening top formation. From here we may yet see slightly higher highs, or we may have seen them already. Either way, by end-May we ought to know. Future course is down. Investors ought to be selling stocks and rolling proceeds into silver and gold.

Dow in gold lost another 0.43% to 12.14 oz. (G$250.96 gold dollars). Blamed thing has been falling so long I'm wondering if it's not time for a little rally. Dow in Silver is worse. It stands below the 200 DMA (741.24 oz) at 737.50 oz today, lower by 0.28%.

What I want to see here is more downside, confirming that metals have reversed their downtrend against stocks. Long term downtrend line for Dow in Silver today hits about 580 oz, for gold about 10 oz, so we have a ways to fall for final confirmation. Be patient.

Y'all enjoy your weekend!

Argentum et aurum 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.



Thursday, February 20, 2014

Silver and Gold Prices Have Bottomed, Period.

Gold Price Close Today : 1317.10
Change : -3.50 or -0.27%

Silver Price Close Today : 21.678
Change : -0.166 or -0.76%

Gold Silver Ratio Today : 60.757
Change : 0.301 or 0.50%

Silver Gold Ratio Today : 0.01646
Change : -0.000082 or -0.50%

Platinum Price Close Today : 1410.90
Change : -12.00 or -0.84%

Palladium Price Close Today : 736.90
Change : 0.90 or 0.12%

S&P 500 : 1,839.78
Change : 11.03 or 0.60%

Dow In GOLD$ : $253.21
Change : $ 2.12 or 0.84%

Dow in GOLD oz : 12.249
Change : 0.103 or 0.84%

Dow in SILVER oz : 744.22
Change : 9.90 or 1.35%

Dow Industrial : 16,133.23
Change : 92.67 or 0.58%

US Dollar Index : 80.320
Change : 0.100 or 0.12%

Silver and GOLD PRICES kept on relaxing today. Although they closed lower on the Comex (lovely shade of tape painting), at end of day they were higher. At Comex close the GOLD PRICE had lost $3.50 (0.3%) to $1,317.10 and silver gave up 16.6 cents (0.8%) to 2167.8c.

Looking at both charts, SILVER and gold are forming flags or pennants. These formations form after a sudden high rise as the market trades sideways digesting the quick gains. Rule of thumb says "flags always fly at half staff," i.e., the flag marks the half way point of the move.

I wore my eyes out doing another study of indicators today -- too complicated to explain, but it says very loudly and with very small chance of error that silver and gold prices have bottomed, period.

Do y'all ever get tired of the Self-Appointed Righteous pontificating in their nasal voices over the airwaves about how "we" (they always carry a mouse around in their pockets) "must" (always imperative) correct some wrong or other in the world, whether its keeping children in Hong Kong from getting too many spankings or putting pants on poor naked cats all over the world?

Mercy, I am plumb wore out with it. It's like having to live with Hillary Clinton or Eleanor Roosevelt, or like waking up in a nightmare being married to both of 'em. Listen, I am too busy trying to mind my own business and straighten my own self out to run around the country or the globe messing in other people's business. But this same meddlin' mentality has seized control of US foreign policy so that every time "we" (there's that mouse again) don't fancy what somebody else does, we launch an invasion and go kill 'em to save 'em. It's called the "Janet Reno Waco Option."

Latest crisis is what will Colorado do with the $100 million in sales tax it's collecting on marijuana sales. Colorado's governor with the improbable and ironic name Hickenlooper wants to spend $50 million of it on programs to keep kids from smoking dope. Now, this leaves me scratching my head. Maybe y'all can make sense out of this. I can't.

Let's look at markets. Maybe they'll make sense.

Stocks recovered somewhat today. Dow added 92.67 (0.58%) to 16,133.23 while the S&P500 managed about the same gain with 11.03 points or 0.6%.

There's an eye-catching divergence between these two stock indices. On this latest rally the S&P500 made an intraday high yesterday at 1,847.50, nearly the same as its January new all time high at 1,850.84. This makes a screaming megaphone or broadening top formation since last November with higher or flat highs and lower lows.

Compare that to the Dow, the "senior" index. Since the Dow's intraday all time high at 16,588.25 at end-December, the Dow has only fallen and fallen. And the February reaction has only taken it as high as 16,225.72 yesterday. WHY do these two indices look so different? Why does the Dow look so much weaker than the S&P500?

Meanwhile the Dow measured in metals continues to slide. After a little bounce up yesterday the Dow in Silver dropped 0.74% to 739.55 oz, dancing around its 200 DMA (now 740.70). Dow in gold is not falling nearly as fast, down today 0.33% to 12.20 oz (G$252.20 gold dollars).

US Dollar Index rose a measly ten basis points today (0.12%) to 80.32. Dollar still gives no unequivocal hint which way the Nice Government Men intend to take it. The schizo-euro today flaked and dropped back below that old uptrend line, apparently forced back by the longer-term downtrend line. Closed $1.3719, down 0.13%. Yen went sideways and the Japanese Nice Government Men went home for a well-earned cup of hot sake.

On 20 February 1811 Austria declared bankruptcy. The more things change, the more thay remain the same.

Argentum et aurum 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.



Wednesday, February 19, 2014

The Gold Price Gave Back $4.10 Today Closing at $1,320.60

Gold Price Close Today : 1320.60
Change : -4.10 or -0.31%

Silver Price Close Today : 21.844
Change : -0.047 or -0.21%

Gold Silver Ratio Today : 60.456
Change : -0.057 or -0.10%

Silver Gold Ratio Today : 0.01654
Change : 0.000016 or 0.10%

Platinum Price Close Today : 1422.90
Change : 0.00 or 0.00%

Palladium Price Close Today : 735.20
Change : 1.75 or 0.24%

S&P 500 : 1,828.75
Change : -12.01 or -0.65%

Dow In GOLD$ : $251.09
Change : $ (0.62) or -0.25%

Dow in GOLD oz : 12.146
Change : -0.030 or -0.25%

Dow in SILVER oz : 734.32
Change : -2.53 or -0.34%

Dow Industrial : 16,040.56
Change : -89.84 or -0.56%

US Dollar Index : 80.220
Change : 0.170 or 0.21%

After a twelve-day winning streak (less one day for gold) it wasn't surprising that silver and GOLD PRICES took a rest. The gold price gave back $4.10 to $1,320.60. The SILVER PRICE lost 4.7 cents to 2184.4c.

A tiny dip like today's is no cause for worry. Bigger question is what silver and GOLD PRICES will do as the correction progresses. Best if gold holds above $1,300 and silver above 2100c. Since none of us has a crystal ball, we can only buy the dips and hope. It would, however, be very unusual for any market to make a breakout as dramatic as silver's on Friday, following 2-1/2 months of range trading and coming off a six-month double bottom simply to wilt and drop. I don't expect that, but bull markets climb a wall of worry.

In another stunning display of a central bank's ability to promote instability in markets, the FOMC meeting minutes published today show that the Fed MIGHT back off its long standing promise to keep interest rates low until frogs fly.

Is this stupid? Let me count the ways. First, the Fed has addicted stocks to low interest rates and printing money, so whenever they breathe a hint of change, stocks tremble like they had the DTs. Second, rising interest rates normally accompany a recovering stock market. Third, low rates are devastating and will blow up pension and retirement plans and killing savers. Fourth, low rates keep money flowing to uneconomic businesses rather than cleansing the economy by cutting them off with high rates.

Is that enough?

Fed's FOMC minutes depressed stocks today. Dow plumped down 89.84 (0.56%) to 16,040.56. S&P500 sighed and sank 12.01 (0.65%) to 1,828.75.

Dow in Gold still hasn't closed below its 200 DMA (11.91 oz) yet. Today it lost only 0.42% to 12.15 oz (G$251.16 gold dollars). Dow in silver fell minutely, 0.1%, to 734.12 oz.

US DOLLAR INDEX bounced predictably off the bottom boundary of its range -- predictably but not meaningfully, up 17 basis points (0.21%) to 80.22. Everything about the dollar points lower, but who knows what might make the Nice Government Men change their minds?

Euro backed off 0.17% to $1.3736, but remains about that old uptrend line so should inch higher. Yen rose 0.03% to 97.73. Moving sideways.

Argentum et aurum 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.



Tuesday, February 18, 2014

Silver and Gold Prices Have Been Rising for Twelve Days Straight

Gold Price Close Today : 1324.70
Change : 5.70 or 0.43%

Silver Price Close Today : 21.888
Change : 0.477 or 2.23%

Gold Silver Ratio Today : 60.522
Change : -1.082 or -1.76%

Silver Gold Ratio Today : 0.01652
Change : 0.000290 or 1.79%

Platinum Price Close Today : 1422.90
Change : -5.60 or -0.39%

Palladium Price Close Today : 736.95
Change : -0.45 or -0.06%

S&P 500 : 1,840.76
Change : 2.13 or 0.12%

Dow In GOLD$ : $251.71
Change : $ (1.46) or -0.58%

Dow in GOLD oz : 12.177
Change : -0.071 or -0.58%

Dow in SILVER oz : 736.95
Change : -17.54 or -2.32%

Dow Industrial : 16,130.40
Change : -23.99 or -0.15%

US Dollar Index : 80.060
Change : -0.120 or -0.15%

Whooo! I hope y'all had a good time yesterday on Generic Presidents Day. Markets were closed so the prices you see below are compared to Friday's closes.

Both silver and GOLD PRICES have reversed against stocks, and should continue to outperform them

Gold Price Monthly - stockcharts.com
The GOLD PRICE was actually $5 higher yesterday, but today still closed Comex $5.70 (0.43%) higher than Friday at $1,324.70. This also is a two-day close over the 200 DMA ($1,309). Here's gold's monthly:

Silver Monthly - stockcharts.com
The SILVER PRICE confirmed Friday's breakout and close above the 200 DMA (2112c)today by closing 47.7 cents (2.23%) higher at 2188.8c. If 2100c and 2200c are passed, can 2300c be far behind? Here's silver's monthly chart:

Both the silver and gold price have been rising twelve days running leaving both overbought and begging for a correction. However, "overbought" can get a LOT MORE overbought before the rally's over.

I fall back on rational rules. We buy breakouts, and both the silver and gold price have proven breakouts above their since-April downtrends. Gold has completed and pulled away from an upside down head and shoulders.

Buy any correction. And if you were waiting to buy a breakout, buy now.

Today I spent a long time gazing on charts of what the Federal Reserve hath done to the money supply since 2008, and I interviewed a friend who worked 20 years for several Federal Reserve banks as a lawyer and economist. "Renewed optimism" was not the outcome of my meditation. With its unlimited money creation the Fed has climbed up for a ride on a tiger. They have no safe way to dismount, and like an alcoholic, no more imagination than to keep drinking the same rotgut whiskey every day while expecting a different result. 'Twill end in unspeakable pain.

Meanwhile the yankee government continues seizing control of the rest of the economy, what ears and tail the Fed doesn't already control. O'Bama's generous philanthropy raising the federal minimum wage (CBO says) will raise 900,000 people out of poverty but -- whoops-- put 500,000 people out of work. What's a communist to do? You have to hurt the poor to help the poor, I reckon. They're all the same, communists and socialists: they love all mankind but no man. That's why they can kill 60 million people to save mankind.

But look on the bright side: once their stupidity, regulations, and greed (don't forget Wall Street, feeding off the corpse of the nation) has brought the economy to collapse, we'll get a chance to rebuild a just, stable, and prosperous one -- without them in charge!

On to markets!

Ya'll remember how the Dow in January signaled the big drop coming by falling when the other indices were rising? Well, it's repeating that act. Dow today lost 23.99 (0.15%) to 16,130.40 while other indices rose slightly. S&P500 added 2.13 (0.12%) to 1,840.76.

Since 1997 stocks have been building a deadly Megaphone or broadening top pattern. The last highs took the Dow to the very top boundary. 'Tis possible it could make a marginally higher high, but look at the previous two touches (2000 and 2007) and see what you think. Looks about to reverse toward the earth's core.

Meanwhile the Dow in Gold and Dow in Silver continue to roll downhill. Dow in gold today lost 0.56% to close at 12.18 oz. It has now traversed about half the distance between its 20 DMA above and 200 DMA below.

But the excitement today comes from the Dow in Silver. Whoa! Sank 15.28 oz (2.03%) to end at 736.62 oz, BELOW the 200 DMA (739.51).

Those Nice Government Men better get busy earning those fat paychecks and manipulate the US Dollar Index back up into the sky. It fell again today 12 basis points (0.16%) to 80.06. One more day lower puts it in danger of crashing through 79.50 for a freefall. Ultimately, the dollar index will lose another 50% of its value.

It makes no sense at all -- but in the age of government run markets, nothing makes sense anyway -- to see the euro rise today 0.49% to $1.3759. Yet who am I to argue? Who am I to protest that their sovereign debt is bigger than the US's, their banks sicker, their social cohesion weaker? It's nuts.

Yen lost 0.48% to 97.70 cents/Y100. May be the Nipponese NGM are trying to send it lower.

Argentum et aurum 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.



Friday, February 14, 2014

The Gold Price Soared $18.60 to Close at $1,319.00

Gold Price Close Today : 1,319.00
Gold Price Close 7-Feb-14 : 1,263.30
Change : 55.70 or 4.4%

Silver Price Close Today : 21.411
Silver Price Close 7-Feb-14 : 19.92
Change : 1.491 or 7.5%

Gold Silver Ratio Today : 61.604
Gold Silver Ratio 7-Feb-14 : 63.419
Change : -1.815 or -2.9%

Silver Gold Ratio : 0.01623
Silver Gold Ratio 7-Feb-14 : 0.01577
Change : 0.00046 or 2.9%

Dow in Gold Dollars : $ 253.18
Dow in Gold Dollars 7-Feb-14 : $ 258.44
Change : -5.27 or -2.0%

Dow in Gold Ounces : 12.247
Dow in Gold Ounces 7-Feb-14 : 12.502
Change : -0.25 or -2.0%

Dow in Silver Ounces : 754.49
Dow in Silver Ounces 7-Feb-14 : 792.88
Change : -38.39 or -4.8%

Dow Industrial : 16,154.39
Dow Industrial 7-Feb-14 : 15,794.08
Change : 360.31 or 2.3%

S&P 500 : 1,838.63
S&P 500 7-Feb-14 : 1,797.02
Change : 41.61 or 2.3%

US Dollar Index : 80.180
US Dollar Index 7-Feb-14 : 80.740
Change : -0.56 or -0.7%

Platinum Price Close Today : 1,428.50
Platinum Price Close 7-Feb-14 : 1,377.60
Change : 50.90 or 3.7%

Palladium Price Close Today : 737.40
Palladium Price Close 7-Feb-14 : 708.60
Change : 28.80 or 4.1%

This week was the week and today was the day for silver and GOLD PRICES. Gold broke through $1,300 yesterday and the shorts went skittering today as gold soared $18.6 (1.43%) to close at $1,319.00. Silver shocked even me, vaulting 102.6 cents (5.03%, yes!) to close Comex at 2141.1c.

Where to start? First, parallel markets. Platinum and palladium have been trending up for nearly two weeks. Platinum closed on its 200 DMA today while palladium stands way above all moving averages, i.e., momentum is skyward. Gold/Bank Stock Index spread, which rises when faith in the financial system is falling and vice versa, is rising. XAU, GDX, and HUI precious metals mining stock indices have all broken out upward and crossed above their 200 DMAs this week.

The GOLD PRICE very nearly broke upward through its since-August-2013 downtrend line this week, the chart shows a double bottom, other indicators are floating upward, and it has broken through its 20 week moving average.

The daily chart is just too beautiful to miss. Look here,
Gold Price Daily Chart — stockcharts.com
The gold price hath climbed straight up from an upside-down head and shoulders up through the neckline, broken through old resistance from $1,290 - $1,300, and today closed above its 200 DMA for the first time since February a year ago.

Only problem with this picture is that it can leave us so giddy that we overlook that stochastic indicator that is flashing a warning. I don't think this rally has ended, but around $1,350 - $1,360 it will likely begin losing altitude. This rally has run since 31 December 2013.

Silver Price Daily Chart — stockshart.com
If gold sent the gold shorts skittering, the SILVER PRICE drove all the silver-shorts clean back into the woodwork and down in the basement.

Yesterday I said I'd be surprised if silver didn't close above 2050c today, but I was not prepared for today's explosion. Silver was pressed and packed against that April downtrend line and the tope of the range at 2050c, and when it burst through it couldn't stop until it punched clean through its 200 DMA and almost 2150c. That implies that before this rally ends silver will reach 2300c, maybe higher. Silver's weekly close today took it above the since-April 2011 downtrend line on the weekly chart.

Once more, be wary! Next week or two will likely be VERY heady in silver, but markets move up in waves, back and forth, pendulum-like.

And once more, the possibility exists but daily grows dimmer, that silver and gold might yet make one leg down to lower lows. I don't believe that will happen, but the possibility remains.

Meanwhile, I am buying.

Since anything I say about my competition is bound to sound invidious, I seldom say anything. However, I warn y'all that not everybody can be trusted. Many, many times in my almost 34 years in this business I have seen the big "players" and "cheap sellers" evaporate overnight.

The gold and silver industry works on very, very small margins, 3.5% to 1% commission, so there's a problem with "cheap prices": very little room to discount. Years ago Krugerrand Corporation in Florida (that location and California are a potential tip-off) figured out they could sell Krugerrands at a very cheap price if it didn't bother with actually buying them when it sold them to customers. Same business model as Bernie Madoff and Carlo Ponzi.

Just today a customer called and told us about a friend who had sent a large sum to a "cheap-selling" California dealer but now cannot get delivery. Before you do business with ANY gold or silver dealer, take a few moments to check them out with the unbiased Better Business Bureau.

Frankly, I have no ambitions to rank as "Cheapest Seller in the US" or "The WalMart of Silver and Gold." I know what it costs us to stay in business, and I know what sort of tailored, profitable, and professional guidance we give every customer, large and small. I figure "the workman is worthy of his hire," but if you don't, then go to the cheapest seller on the Internet and enter your order without ever talking to a human or getting any professional advice. And I hope you get delivery.

Before I forget it, let me remind y'all that if you ever expect to swap gold for silver at spot ratios above 60:1, you had better do it quickly. I recommend swapping gold for silver now, targeting a swap back at 31:1 or better.

WOW. What a week, and much of it happened today in metals! Stocks recovered this week, running toward their soon and ultimate top. US dollar index wilted. White metals also zoomed up.

US Dollar Index melted, falling through the uptrend line that had caught it since last November. Since mid-September it has range-traded from 81.60 to 79.75, and now is drawing close to that lower boundary. It also is nearing the downtrend line from September, same line it broke through upward as December closed. A fall through that line, which stands about at the bottom of the trading range, about 80, would foretell much pain. Today the dollar index lost 18 more basis points (0.22%) to end at 80.18.

Big gainer from the Dollar index's fall was the euro, which rose 0.15% to $1.3698, beating its head on the old uptrend line it fell through in January. I have it on my list to buy euros right after I have all my teeth pulled by an orangutan wielding wire pliers. I like to pile one killer pain atop another.

Yen hardly budged today, up 0.385 to 98.22 cents/Y100. Momentum is up, NGM's determination is down -- which do y'all think will win?

I note in passing that the 10 year US treasury note yield rose 0.37% today to 2.746%. It's skating above its 20 DMA, above its 200 dma, trading sideways. Better watch it. The Federal Reserve's house of cards begins trembling when it breaks above 3.1%.

STOCKS spent the last week recovering from their gigantic January fall. Dow gained 126.8 (0.79%) to 16,154.39, S&P500 clumb 8.8 (0.48%) to 1,838.63.

Mercy, y'all, this is a doomed effort. It can end sooner, or it can end later, but end it will by end-May. Oh, the weeping, wailing, and gnashing of profits! Please, protect yourselves.

Whooo! That Dow in Silver put some HEAVY sinkers on its line today and sank, sank, sank. Ended down 4.04% (31.72 oz) at 754.14 oz, breathing hard down the neck of the 200 DMA at 738.95 oz. Crossing below that will turn momentum unarguably down.

Dow in gold lost 0.62% to close at 12.25 oz (G$253.23 gold dollars). All indicators speak with one witness: DOWN.

Y'all enjoy your weekend!

Argentum et aurum 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.



Thursday, February 13, 2014

The Gold Price Pushed Through it's Resistance Up $5.10 to $1,300.40

Gold Price Close Today : 1300.40
Change : 5.10 or 0.39%

Silver Price Close Today : 20.385
Change : 0.054 or 0.27%

Gold Silver Ratio Today : 63.792
Change : 0.081 or 0.13%

Silver Gold Ratio Today : 0.01568
Change : -0.000020 or -0.13%

Platinum Price Close Today : 1415.00
Change : 9.30 or 0.66%

Palladium Price Close Today : 730.90
Change : 2.05 or 0.28%

S&P 500 : 1,829.83
Change : 10.57 or 0.58%

Dow In GOLD$ : $254.78
Change : $ 0.01 or 0.00%

Dow in GOLD oz : 12.325
Change : 0.001 or 0.00%

Dow in SILVER oz : 786.24
Change : 1.04 or 0.13%

Dow Industrial : 16,027.60
Change : 63.65 or 0.40%

US Dollar Index : 80.360
Change : -0.400 or -0.50%

The GOLD PRICE pushed through the $1,290 - $1,295 resistance at $1,300.40, up $5.10 and another $3 in the aftermarket. O, there's still some resistance between here and the 200 DMA at $1,310.49, but shorts will be having deep and gloomy periods of silent meditation when the gold price crosses that line. Might even grab their wastebaskets for a genteel puke.

The SILVER PRICE rose 5.4 cents to 2038.5c, driving us crazy as we wait for it to cross that 2050c line and begin rising in earnest.

Today brings silver plumb slap up against the downtrend line from April 2013. Mercy, the 20 day moving average hangs in the sky only a few cents higher at 2114c. I'll be mildly surprised if silver closeth not above 2050c tomorrow. Shorts will be pulling out before the weekend and that ought to give it push enough to break through. High today was 2047c, nearly there.

While a remote chance remains that silver and GOLD PRICES might make one last spike down to lower lows, that chance dims with each rising day. I've been buying since end-December and expect the rally to carry much higher into the end of February, say, to the $1,360 neighborhood for the gold price. Silver hasn't even got it's motor warmed up yet, but ought to reach 2300c at least, maybe even 2500c if it really gets feverish.

Don't miss this gold and silver train!

Oh, wow. How volatile can it get? On news of weak retail sales today (according to the media, who only lie out of one side of their mouths, the front side) the US dollar index slid 40 basis points (0.5%) to 80.36. That move takes it below the uptrend line that had caught the dollar index on ever downmove since end-November.

Here's what makes currency markets impossible to parse: the euro, which gapped down fatally yesterday, gapped up today, although it is still blocked by that long term uptrend line overhead. Currency markets are scared to death when they're this jumpy.

Yen rose 0.3% to 97.84 cents/Y100, so may be resuming its uptrend.

Today offers a perfect example why I wouldn't trade currencies. No fundamental change whatever occurred today in the value of these currencies, and truly, the euro is in far worse shape, along with European banks, than the US dollar. Besides, that, ALL fiat currencies are manipulated by central banks and government. ALL, without exception.

Me, I had rather escape from their power altogether by swapping fiat currency for silver and gold, while those fiat currency still buy something.

Stocks struggled to add a few points today. Dow grabbed 63.65 (0.4%) to close at 16,027.59, a truly beautiful number by the tape painters, above the morale-boosting 16,000 mark. Is it real, or Memorex? Who knows, when governments meddle now in all markets? S&P500 added 10.57 (0.58%) to 1,829.83. Moving Average Convergence Divergence (MACD) indicator is positive, so this can run for a while, but it is a doomed undertaking. Later this year there will be weeping and gnashing of teeth, plus a large dose of wailing, whining, and grieving.

For all stocks bounced, the Dow in Gold and Dow in Silver still fell. DiG edged down 0.26% to 12.33 oz while the DiS inched lower by 0.46% to 785.86 oz. Trend and momentum remains earthward, held in a headlock by gravity.

Argentum et aurum 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.v>



Wednesday, February 12, 2014

The Gold Price is Pushing $1,300 Closing Up $5.20 at $1,295.30

Gold Price Close Today : 1295.30
Change : 5.20 or 0.40%

Silver Price Close Today : 20.331
Change : 0.188 or 0.93%

Gold Silver Ratio Today : 63.711
Change : -0.336 or -0.53%

Silver Gold Ratio Today : 0.01570
Change : 0.000082 or 0.53%

Platinum Price Close Today : 1405.70
Change : 19.50 or 1.41%

Palladium Price Close Today : 728.85
Change : 12.70 or 1.77%

S&P 500 : 1,819.26
Change : -0.49 or -0.03%

Dow In GOLD$ : $254.77
Change : $ -1.52 or -0.59%

Dow in GOLD oz : 12.324
Change : -0.074 or -0.59%

Dow in SILVER oz : 785.20
Change : -8.86 or -1.12%

Dow Industrial : 15,963.94
Change : -30.83 or -0.19%

US Dollar Index : 80.750
Change : 0.030 or 0.04%

The GOLD PRICE made good yesterday's breakout through the December high by adding another $5.20 (0.4%) and pushing to the top of the resistance area with a $1,295.30 close. It's a scant $5 from here to $1,300, the gold price hasn't seen that since November last.

Yesterday the GOLD PRICE broke upward through the neckline of an inverted head and shoulders sketched from November through yesterday. The breakout targets $1,368, about where Gold was stopped in August.

Don’t forget, either, that the gold price last week broke through that downtrend line from April 2013. Ought to keep climbing the rest of February.

The SILVER PRICE gained only 18.8 cents (0.93%) to 2033.1c, still lagging gold. I imagine the vulture sellers are lined up six deep at 2050c, waiting for their chance to sell again, but silver is about to push through the lot of them. Above stands the 200 DMA at 2118c, which, after all silver has been beaten up the last two years, looks like the Holy Grail.

Silver closing over 2050c will be the last confirmation that metals are rallying and intend to pull on their seven league boots. Get ready.

Absent a goose from Fed propagandist and new Head Criminal Janet Yellen or other prevaricating persiflage, stocks foundered today and kept falling behind. Had the feel of a projectile reaching the high point of its trajectory and beginning its fall back earthward.

Dow fell down 30.83 (0.19%) to 15,963.94 while the S&P500 only backed off 0.49 (0.3%) to 1,819.26, but then, the S&P500 has been stronger than the Dow throughout this little rally. Dow has recovered about 50% of its fall, S&P500 about 75%.

If this rally is only correcting the preceding drop, that ought to mark the limit of it. On the other hand, it might continue, even to make slightly new highs, yet is the end nigh and growing nigher all the time. Dow in Gold and Dow in Silver both dropped again today, but only slightly. Both are adumbrating that they intend to fall much, much further.

That slouching, scrofulous beast the US Dollar index leapt three (3, count 'em) basis points today to 80.75. It's stuck between its 50 DMA below (80.70) and 20 DMA above (80.95), spinning wheels and going nowhere fast.

Yet the dollar's lethargy aided not the euro, which sank like a lump in a churn, gapping down below all its clustered 20 and 50 and 62 day moving averages, backing away from that old uptrend line like Dracula crawfishing from a crucifix. Makes me wonder if the euro currency is foretelling more euro turmoil soon.

Yen rose only 0.11% to 97.57 cents/Y100. Japanese Nice Government Men have slapped it silly, trying to break its rally.

AMERICAN VALENTINE'S SPECIAL OFFER
Here's my Valentine's Day greeting to you, reduced retail prices for American Eagle gold coins and for US 90% silver coins. These are the ultimate small coin barter or survival packages.

All prices based on spot gold at $1,295.30 and spot silver at $20.33.

OFFER No. 1.

One each one-half ounce American Eagle at $696 plus two (2) each one-fourth oz. American Eagle at $351.30 plus Five (5) each one-tenth oz. American Eagle at $147.15, a total of 1-1/2 troy ounce of gold for $2,134.35 plus $35 shipping or a total of $2,169,35. I have only 12 lots

OFFER No. 2.

One (1) each one oz. gold American Eagle at $1,369, four (4) each one-fourth American Eagles at $351.30, Ten (10) each one-tenth American Eagles at $147.15, subtotaling $4,245.70 plus $35 shipping, a total of $4,280.70. Totals three oz, Twelve lots only.

OFFER No. 3.

Ten (10) each one-fourth oz. gold American Eagles at $351.30 and Four (4) each one-tenth oz. American Eagles at $147.15, a total of 2.9 oz for $4,101.60 plus $35 for shipping, a total of $4,136.60. FIVE lots only, 2.9 oz pure gold.

OFFER No. 4.

US 90% silver coin contains 0.715 troy ounce of pure silver per one dollar face value (10 dimes, 4 quarters, or 2 halves), so this $140.00 sack I'm offering contains 100.1 troy ounces. You get $140.00 face value US 90% silver coin at $15.658 on the dollar, denomination of our choice, for $2,192.12 plus $35 shipping for a grand total of $2,227.12.

NOTE: I will levy only one shipping charge per order no matter how many lots you order, but if you mix silver and gold, I will add $10

for a total of $45 shipping.

Special Conditions:

First come, first served, and no re-orders at these prices. I will write orders based on the time I receive your e-mail. Send email to offers@the-moneychanger.com

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 One of Lot 2, but if not available will take One of Lot 2." ORDERING INSTRUCTIONS:

1. You may order by e-mail only to offers@the-moneychanger.com. No phone orders, please. Please do NOT order by replying to THIS email, because it will delay your email.

Your email must include your complete name, address, and phone number. 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. Our clairvoyant quit without warning last week, then I tripped, dropped, and smashed my crystal ball, and our fortune-teller is on strike, so I can no longer 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 your 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.

Argentum et aurum 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.



Tuesday, February 11, 2014

The Gold Price Closed Up $15.30 Today Closing at $1,290.10

Gold Price Close Today : 1290.10
Change : 15.30 or 1.20%

Silver Price Close Today : 20.143
Change : 0.044 or 0.22%

Gold Silver Ratio Today : 64.047
Change : 0.621 or 0.98%

Silver Gold Ratio Today : 0.01561
Change : -0.000153 or -0.97%

Platinum Price Close Today : 1386.20
Change : 1.90 or 0.14%

Palladium Price Close Today : 716.15
Change : -0.40 or -0.06%

S&P 500 : 1,819.75
Change : 19.91 or 1.11%

Dow In GOLD$ : $256.29
Change : $ 0.05 or 0.02%

Dow in GOLD oz : 12.398
Change : 0.003 or 0.02%

Dow in SILVER oz : 794.06
Change : 7.86 or 1.00%

Dow Industrial : 15,994.77
Change : 192.98 or 1.22%

US Dollar Index : 80.970
Change : -0.110 or -0.14%

I was pretty proud of the GOLD PRICE today, rising $15.30 (1.2%) to $1,290.10 and the next resistance area. Time after time since last June this $1,290 level has played support/resistance. Since the gold price after much stubborn labor broke through the December close ($1,267.50) I expect it to churn and chew through this barrier, too. Might take more than one try, but as long as it doesn't fall back below $1,267.50 'twill be all right.

The SILVER PRICE inched up only 4.4 cents (0.22%) to 2014.3 c. About all you can say is, At least it was up. Silver has not yet conquered 2050c. Yes, it is headed up, pointed the right direction, but has to wax peppier.

Silver and GOLD PRICES have not looked more hopeful for the last year. I've been buying all the way up, and on this rally I haven't been continually beaten up.

Yellow Janet spoke before congress today and said she would do just like Ben the Criminal before her. Stock markets liked that and rose. They want more of a steady stream of new money.

The Dow leapt 192.98 (1.22%) to 15,994.77. Not to be outdone, the S&P500 bounded 19.91 (1.11%) to 1,819.75. Those jumps took both indices above their 20 day moving averages (15,956 and 1802.15), and the S&P500 above its 50 DMA (1,809.55). MACD flashed a BUY signal, which points toward higher prices still.

Sorry, it's still not a train I want to ride. Rails have been dismantled up ahead, and there's a bridge out.

Dow in gold barely rose, up 0.04% to 12.40 oz, nothing to disturb the sharp downtrend. Dow in Silver edged up 0.73% to 793.67 oz. Trend undisturbed.

US dollar index was surprisingly unruffled by Yellen's "speech". It rose 2 basis points to 80.72, just enough to climb above its 50 DMA (80.70). Mercy, Nice Government Men! Is that the best you can do? Come on, y'all have a tape to paint here, global currency hegemony to keep up! For heaven's sake, this isn't the Soviet Union.

Euro climbed to the uptrend line it fall through in January, above its 50 DMA (1.3649), looked around, and keeled over. Closed down 0.05% at $1.3638. I've tried and tried, but I just can't get excited about the euro. It's almost as much fun as sitting in a bus station.

Yen gave up 0.37% to 97.46 cents/Y100. Still in an uptrend. Apparently the Japanese Nice Government Men are sleeping at the switch, too.

The 10 year treasury note yield rose today 1.53% to 2.719%. This brings it back from a visit to its 200 day moving average below, and validates again the bottom of a flat trading range. Just a skootch more will turn it up positively.

My beloved friend and editor of my At Home In Dogwood Mudhole volumes, Fiona McNeill, passed away today from cancer. She leaves a husband and six year old son and a horde of people who loved her. Please pray for her husband Ed and son Alex. "The Lord gave, the Lord hath taken away -- blessed be the name of the Lord."

Argentum et aurum 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.



Friday, February 07, 2014

Gold and Silver Prices Rose Strongly this Week

Gold Price Close Today : 1,263.30
Gold Price Close 31-Jan-14 : 1,240.10
Change : 23.20 or 1.9%

Silver Price Close Today : 19.92
Silver Price Close 31-Jan-14 : 19.105
Change : 0.815 or 4.3%

Gold Silver Ratio Today : 63.419
Gold Silver Ratio 31-Jan-14 : 64.910
Change : -1.491 or -2.3%

Silver Gold Ratio : 0.01577
Silver Gold Ratio 31-Jan-14 : 0.01541
Change : 0.00036 or 2.4%

Dow in Gold Dollars : $ 258.44
Dow in Gold Dollars 31-Jan-14 : $ 261.69
Change : -3.25 or -1.2%

Dow in Gold Ounces : 12.502
Dow in Gold Ounces 31-Jan-14 : 12.659
Change : -0.16 or -1.2%

Dow in Silver Ounces : 792.88
Dow in Silver Ounces 31-Jan-14 : 821.71
Change : -28.84 or -3.5%

Dow Industrial : 15,794.08
Dow Industrial 31-Jan-14 : 15,698.85
Change : 95.23 or 0.6%

S&P 500 : 1,797.02
S&P 500 31-Jan-14 : 1,782.59
Change : 14.43 or 0.8%

US Dollar Index : 80.740
US Dollar Index 31-Jan-14 : 81.370
Change : -0.63 or -0.8%

Platinum Price Close Today : 1,377.60
Platinum Price Close 31-Jan-14 : 1,374.10
Change : 3.50 or 0.3%

Palladium Price Close Today : 708.60
Palladium Price Close 31-Jan-14 : 703.00
Change : 5.60 or 0.8%

That shoe's on the other foot now. Gold and silver rose strongly this week, stocks tumbled and only came back the last two days. US dollar index is floundering while even platinum and palladium rose.

The GOLD PRICE refuses to yield, and gained another $5.70 today to close Comex at $1,263.30 after a $1,272 high. Silver gained 1.2 cents (why bother?) to 1992c.

The GOLD PRICE has literally WALKED through it downtrend line from last April, just steadily trading sideways till it crossed that downtrending line. The gold price wants badly to close above $1,267.50, the December low, but can't quite get through. Ended today at $1,267. Mercy.

Since December 23 gold has closed every week higher than the last, except for last week. Very promising.

The SILVER PRICE remains above its 20 and 50 DMA, but without attacking 2050c can go nowhere. It must break out of that range.

The GOLD/SILVER RATIO has been dropping all this month, hinting of higher metals' prices.

Other markets remain hopeful for silver and gold. Gold/Bank Stocks is falling (gold is gaining strength against banks). Gold stock indices HUI, GDX, and XAU have all turned up after a puking-sick year.

One final spike down for silver and gold cannot be ruled out until the gold price climbs above $1,267.50 AND $1,314, the 200 day moving average -- and stays there. Still, this is the best horizon for metals we've seen in a year.

Still not clear to me whether we've seen the ultimate top in stocks or not. Either way, you can expect these countertrend rallies to be strong as a garlic milkshake. That bullish mentality still reigns o'er stocks, and will buy at the drop of a hat, and they'll drop the hat.

Yesterday stocks had their best day of 2014, and didn't slouch today,. Dow climbed 165.55 (1.06%) to 15,794.08. S&P500 scaled 23.59 (1.33%) to 1,797.02. Rally might carry to the top channel boundary, now about 16,000 where also today the 20 DMA lies (1,001) or to the 50 DMA (16,101.34). Not much higher. Analogues for those numbers on the S&P500 are 1804.25 and 1809.35.

Y'all ought to pause to remember that a bear market likes to pull the maximum number of victims into his den before he mauls them at his leisure.

Whoops, the debt limit fight is back. Aww, SHOOT! The yankee government's gonna run out of money unless congress acts by end February to let it borrow more. What if congress did nothing and the whole blasted thing shut down. Hush! I reckon I can dream, can't I?

US dollar index lost 0.30% (24 basis points) to 80.74, below the 20 DMA and barely above the 50 DMA. The dollar is doing nothing until it breaks out of the 81.50 - 79.50 range. Internally the dollar has an uptrend line at about 80.40, so breaking that would send it lower. Dollar's must-hold line is 80.

The Frankencurrency (euro) climbed back to the top of its downtrend channel and to its 50 DMA, which spot also coincides with the uptrend line the euro crashed through back in January. I am not impressed.

The Yen is atoning for its recent rally. Fell 0.24% to 97.49, but still in rally mode.

On 7 February 1947 the main cache of the Dead Sea Scrolls, dating to 150 BC - 68 AD was found in caves by the Jordan River.

Y'all enjoy your weekend!

Argentum et aurum 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.