Today the Gold Price Jumped Up $23.90 or 1.9 Percent to $1,278.50

	23-Jan-15	30-Jan-15	Change	% Change
Gold Price, $/oz.	1,292.60	1,278.50	-14.10	-1.1
Silver Price, $/oz.	18.284	17.192	1.092	-6.0
Gold/Silver Ratio	70.696	74.366	3.670	5.2
Silver/gold ratio	0.0141	0.0134	-0.0007	-4.9
Dow in Gold $ (DIG$)	282.63	277.54	-5.09	-1.8
Dow in gold ounces	13.67	13.43	-0.25	-1.8
Dow in Silver ounces	966.56	998.43	31.87	3.3
Dow Industrials	17,672.60	17,164.95	-507.65	-2.9
S&P500	2,051.82	1,994.99	-56.83	-2.8
US dollar index	95.24	94.96	-0.28	-0.3
Platinum Price	1,268.00	1,239.20	-28.80	-2.3
Palladium Price	775.40	772.70	-2.70	-0.3

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

Today the GOLD PRICE jumped up $23.90 (1.9%) to $1,278.50 then added another five bucks in the aftermarket. Silver rose 43.4 cents (2.59%) to close Comex at $17.192.

On the weekly chart the SILVER PRICE has risen through its 20 Week moving average & is on the verge of piercing the downtrend line from the October 2012 high. Gold's weekly shows it ABOVE the downtrend from the October 2012 high & above its 20 week MA. Pile up the good news.

Monthly chart shows at that last low cut into the uptrend line from 2001, but now rests comfortably above it. Silver seconds that.

Gold Price

The 20 DMA on the GOLD PRICE daily chart is about to cross above the 200 DMA, showing the strength of upward momentum. Yesterday's attack took the gold price into its 200 DMA but not below it, then today it bounced right back up. We may not come out of this correction for another week, but I believe we have seen the price low. Chart on the right:

Silver Price

Silver's daily chart shows a fall yesterday to the uptrend line from that diamond reversal formed in November & December. Closed back above the 20 DMA today. Healthy as a hog on slop, & this week's correction only made it healthier. Chart on the left.

I would be buying silver & gold.

I reckon the bottom rail's up on the top now, or moving close to it. Bears hit silver & gold with everything they had plus halitosis & couldn't break 'em. Stocks had one up day of 225 points up and you'da thought the Last Trump had blown the way the media played it up. Good thing Dow did rise that one day, or it would have lost not the 507.65 points it did lose this week, but 706.73. US dollar index is wavering & juberous (Southern for "dubious.") I bet y'all didn't believe me when I opined yesterday that we were seeing the gold correction low. Way-ull, I don't blame y'all. I ain't nothing more'n a nat'ral born durned fool from Tennessee. No way I could be right and all them newspapers & websites & sintrul bank peacocks wrong.

US dollar index, seems to me, is ailing -- not lying down sick yet, but just got a runny nose. Now y'all listen to what I'm saying. What has been driving the US dollar? Gazillions of hot money following a trend. Y'all know trend followers have all the loyalty of a brindle cat, right? Soon as they smell blood, they'll belong gone. Other than the little interest rate differential on the dollar's side, that hot money's been all it had going for it. Now it built a little tower top beginning last Friday, and has traced out a little even-sided triangle -- blowing hot & cold out of both sides of its mouth, cause those triangles can break either way. Suppose it cracks, & all them hot money jockeys start remembering 15 January and the Swiss Franc? Might set 'em to running like a scalded dog out of that dollar. That Humpty Dumpty won't be nothing like the scrambled mess a falling dollar'd leave behind.

USD

US dollar index rose two (count 'em, two) basis points today to 94.96. Chart on the right.

Euro fell 0.32% to $1.1285. Mercy, if this is making a bottom crows could learn to knit with their beaks. Yen has backed itself clean into the nose cone of an even-sided triangle & is above its 50 & 20 DMAs. Could surprise everybody & rally. Gained 0.61 to 85.07c/Y100.

West Texas Intermediate Crude rose 8.19% today & closed above its 20 DMA. Looks like that was a little double bottom after all. My, wouldn't a sudden rise in oil catch them trend followers looking t'other way?

Stocks -- well, it just don't seem gentlemanly to pick on 'em after such a sorry week, like kicking a man when he's down, but if you want to win now, hardly anything'll take the fight out of a man like a hard kick to the short ribs when he's down. Cleaner than gouging eyes.

Dow today lost 251.9 (1.45%) to 17,164.95, breathing hard down the neck of that December low again (17,067). S&P500 lost only 1.3% (26.26), but looky there! It closed below 2,000 at 1,994.99. That's got to be plumb demoralizing to them fine & shiny Wall Street folks.

Dow

S&P500

Now lets take another look at the S&P500 and Dow Charts.

S&P500 didn't quite make the same triangle formation, more like a falling triangle, but it could also be a falling wedge. 200 DMA is at 1974.61, December low at 1972.56. Any break of those milestones would break the S&P500.

Dow made an even sided triangle & fell out of it this week, traded back into it yesterday, but closed broke down again today. It's just above the 200 day moving average (17,062) & the December low. That heavy red line is the uptrend line from the March 2009 low, & yes, the Dow is and has been for a long time below that line. Next move should be earthward.

Now y'all know that a FAILED turnaround is the worst sort of news, because it confirms the trend. Thus the Dow in metals yesterday rose smartly while somebody whacked metals & somebody else bought S&P500 futures to run up stocks. The Point: Dow in metals lost everything or more today that they had gained yesterday.

Dow in Gold

Dow in Gold lost 3.37% to close at G$276.38 gold dollars (13.37 troy ounces), once again comfortably below its 200 Day moving average & below the uptrend from August 2013. And it's fallen out of the Gator's Jaws formation. Land's sake, unless those stocks fool us all & turn suddenly up, the Dow in Gold is going to sink out of sight.

On silver's sudden weakness yesterday the Dow in silver jumped all the way up to its 20 DMA & back inside the Gator Jaws. Wiped about half of that out today & closed at S$1,286.18 silver dollars (994.78 oz), down 3.22%. Near to falling through the 200 DMA.

Confirmations keep piling up that the trend of stocks versus silver & gold has turned DOWN & the price trend for silver & gold has turned UP. Pile up the good news.

I am stuffing rags in my mouth trying to keep from crowing. It's hard to write, though, over a mouthful of rags, so I'm going to take the rags out & I promise I won't say anything about calling that gold bottom yesterday. I hate it when people say I told you so.

Y'all enjoy your weekend.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 2015, The Moneychanger. May not be republished in any form, including electronically, without our express permission. To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold or 18 ounces of silver. or 18 ounces of silver. US $ and US$-denominated assets, primary trend down; real estate bubble has burst, primary trend down.

WARNING AND DISCLAIMER. Be advised and warned:

Do NOT use these commentaries to trade futures contracts. I don't intend them for that or write them with that short term trading outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures.

NOR do I recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or another may go up in smoke. Unless you can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary of traps.

NOR do I recommend trading futures options or other leveraged paper gold and silver products. These are not for the inexperienced.

NOR do I recommend buying gold and silver on margin or with debt.

What DO I recommend? Physical gold and silver coins and bars in your own hands.

One final warning: NEVER insert a 747 Jumbo Jet up your nose.

The Gold Price Lost $31.30 or 2.4 Percent to Close at $1,254.60

29-Jan-15	Price	Change	% Change
Gold Price, $/oz	1,285.60	-31.30	-2.38%
Silver Price, $/oz	16.76	-1.31	-7.25%
Gold/Silver Ratio	76.734	3.831	5.26%
Silver/Gold Ratio	0.0130	-0.0007	-4.99%
Platinum Price	1,216.80	-40.80	-3.24%
Palladium Price	772.90	-24.70	-3.10%
S&P 500	2,021.25	19.09	0.95%
Dow	17,416.85	225.48	1.31%
Dow in GOLD $s	279.99	10.19	3.78%
Dow in GOLD oz	13.54	0.49	3.78%
Dow in SILVER oz	1,039.32	87.83	9.23%
US Dollar Index	94.94	0.18	0.19%

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 today lost $31.30 or 2.4% to close Comex at $1254.60. Silver lost $1.31 (7.3%) to $16.758.

Interesting that the newswire reports this evening all say that selling in precious metals was caused by the Fed's statement yesterday, but nobody did any selling yesterday. Nobody thought to sell until around noon today. Don't that seem odd to y'all? Don't that have the fingerprints of the Nice Government Men all over it? They just hit the stops.

"Hitting the stops" means this: In futures markets most traders, at least the one who survive, use open sell stops orders below their long positions. Floor traders who are holding the stop orders and anybody else who can read a chart knows about where the stops are. To move the market all a body needs do is to drive it down to hit those stops, where all those sell orders will suddenly kick in, knocking the market for a loop.

Well, is today's move significant or just a manipulation? Could turn out two ways. First way is that it was a sure-enough move and people are fleeing silver & gold. From here they drop more. Say the GOLD PRICE drops to $1,225 & silver to $15.50.

Second way, and the way I'm inclined to, is that silver & gold underwent a selling climax today, exacerbated by a little NGM "push," and that today posted the lows for the little correction. After all, I was looking for a gold correction down as far as $1,255.60, the last low and roughly the 200 DMA. Low today hit $1,252.10. When you set a target, you don't go home in tears because it's hit, you buy there.

What about the SILVER PRICE? What about it? It punched into the neckline it had left behind, but stuck right at it on close. Yes, it dropped through its 20 dma ($17.13) but stopped above the 50 dma ($16.61). Low only hit $16.74, and stopped above the uptrend line from that diamond reversal formation we left behind a couple of weeks ago.

Looks to me like a touchback to breakout point, a final kiss good-bye, for both metals. But shucks! What do I know? Why, I'm no more'n a nat'ral born durn fool from Tennessee. Shucks, I can hardly spell s-i-n-t-r-u-l b-a-n-k.

One cause for the jubilatin' on Wall Street was an employment report that said the number of unemployment claims filed in the last report period was the lowest in 15 years. Well, I reckon! Most people don't have a job, & you got to have a job first before you can get unemployed and file a claim.

But anyway, who believes those lyin' reports from government bureaus? Two weeks from now while no reporters are looking they'll "revise" the dickens out of this report and it'll turn out to the highest number in 15 years or no number at all. I don't know more believe those reports than I'd believe a greasy stranger offering me candy to take a ride with him.

S&P500

DOW

Stocks ran up. Dow levitated 225.48 (1.31%) to 17,416.85. S&P500 added 19.09 (0.95%) to 2,021.25. Instructive to look at the charts on the right.

Yesterday both indices closed below an even-sided triangle forming since January. Look at the Dow. One might normally expect, in the absence of some Deus Ex Machina like the Nice Government Men, it would follow through today, slice through that nearby 200 dma, and proceed to waterfall several hundred points. Nope, it got just a mite too close to that 17,067 December low, so SOMEbody had to do SOMEthing.

Or not. Maybe we were just a-watchin' Mother Market at work here.

Today set back the Dow in metals, but not by much. Dow in gold rose 3.26% to G$286.10 gold dollars (13.84 troy ounces). And it closed above its 200 dma (G$281.55 or 13.62 oz), and barely above that uptrend line from August 2013.

Dow in Silver

Dow in silver jumped almost back to its 20 DMA (S$1,331.46 silver dollars or 1,028.8 oz). It rose 7.56% to S$1,328.94 or 1,027.85. Look at the chart on the right and you'll see it looks like a kid sliding down a hill on a skateboard. Since momentum indicators are trying to turn up, we may have to put up with this for a little while.

US dollar index rose 18 basis points (0.18%) to 94.94. Its toppy look will remain if it can't clamber above 95.85, the high for this move (4 days ago)

That euro is just a blowin' and goin' -- but not much. Rose 0.34% to $1.1321. Just fiddling around off its last low. No proof of anything but that it's sorry as gully dirt.

Yen has traded out into the nose cone of an even-sided triangle but can't break out. Further it trades into that point, less springy the eventual breakout will be. Lost 0.59% to 84.55 today.

I reckon I'm just stubborn. Silver & gold have been too powerful coming up off those November and December lows, & not even today's action convinces me they have finished their move up.

I had planned a special offer for today because I thought it might offer a low spot to buy. Y'all have heard my mind. I think it's a good place to buy, but I will tell y'all right now, I could be wrong, so caveat emptor. If y'all don't want to buy anything, I'll be just as glad to hold on to it. Gold don't rust.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 2015, The Moneychanger. May not be republished in any form, including electronically, without our express permission. To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold or 18 ounces of silver. or 18 ounces of silver. US $ and US$-denominated assets, primary trend down; real estate bubble has burst, primary trend down.

WARNING AND DISCLAIMER. Be advised and warned:

Do NOT use these commentaries to trade futures contracts. I don't intend them for that or write them with that short term trading outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures.

NOR do I recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or another may go up in smoke. Unless you can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary of traps.

NOR do I recommend trading futures options or other leveraged paper gold and silver products. These are not for the inexperienced.

NOR do I recommend buying gold and silver on margin or with debt.

What DO I recommend? Physical gold and silver coins and bars in your own hands.

One final warning: NEVER insert a 747 Jumbo Jet up your nose.

The Gold Price Lost $5.80 Closing at $1,285.90

28-Jan-15	Price	Change	% Change
Gold Price, $/oz	1,285.90	-5.80	-0.45%
Silver Price, $/oz	18.07	0.00	0.00%
Gold/Silver Ratio	71.170	0.321	0.45%
Silver/Gold Ratio	0.0141	-0.0001	-0.45%
Platinum Price	1,257.60	-8.70	-0.69%
Palladium Price	797.60	15.55	1.99%
S&P 500	2,004.94	-24.60	-1.21%
Dow	17,223.87	-163.34	-0.94%
Dow in GOLD $s	276.89	-3.89	-1.39%
Dow in GOLD oz	13.39	-0.19	-1.39%
Dow in SILVER oz	953.28	-9.04	-0.94%
US Dollar Index	94.76	0.50	0.53%

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

Oddly, silver closed unchanged at $18.068. While the GOLD PRICE lost 5.80 to $1,285.90.

The GOLD PRICE simply continued the decline begun yesterday, which in fact began with the top on the 22nd. Day before yesterday was probably not the bottom of the correction, but I don't expect it to go much further anyway, maybe as low as $1,255 - $1,260 support, maybe no lower than $1,270.00. Why do I think that? Because gold is in a power-move up to $1,350, and corrections in the middle of a power move usually are shallow. Heaven knows, I can be wrong, since I am no more than a nat'ral born durned fool from Tennessee.

The SILVER PRICE closed unchanged. Flatlined most of the day in a range from $18.17 to $17.94. Little movement, little enthusiasm. Yesterday it fell as low as $17.41, which was near the neckline and near the 20 dma ($17.09). Might fall clean to that 20 DMA. Don't want to see it fall below the neckline.

Really I'm worrying about unprofitable nickels and dimes. Not enough distance here to wait for. Silver bought at $18.00 and gold bought at $1,285 will look dirt cheap a year from now.

Another mouse burp FOMC announcement. More quasi-profound interpretation from more folks who never heard that it's better to keep your mouth shut and be assumed a fool than to open your mouth & remove all doubt.

Fed's non-action helped stocks not at all. Dow dropped 163.34 (0.94%) to 17,223.87. The S&P500, which has been marginally outperforming the Dow, lost more today, 24.61 or 1.21% to 2,004.94.

Getting technical, both the Dow & the S&P500 had built since December even-sided triangles. Today, both punched through the bottoms thereof. Other indicators I watch have turned negative, and volume rose briskly today, confirming the downwardness should abide.

Dow in gold has progressed & consistently confirmed its downside breakdown from the Gator Jaws pattern. Today the DiG lost 0.65% to close at G$276.38 gold dollars (13.37 troy ounces). This takes it below both the 200 day moving average (G$281.55 or 13.62 oz.) and the uptrend line from August 2013. No whisper of a turnaround.

Dow in Silver has not unfolded as much as the Dow in Gold, but sank another 1.28% today to $1,228.84 (950.43 oz). It rests right on the top channel line it threw over in September when silver was tanking. 200 DMA awaiteth at at $1,208.95 (935.05 oz).

Day after day piles up confirmation that the trend of stocks against silver & gold has turned down, and the price trend for silver & gold up.

US dollar index rose 50 basis points today (0.54%)at 94.76, but after falling 98 basis points yesterday. It has been left behind a toppy tower on the chart. Dollar may have seen it's highs. Too early to say., but a close below 94 would be a hint.

Just to keep in the back of y'all's minds, Euro's last low posted on 23 January its intraday low for the move at $1.11.66 & closed at $1.1266. Ended today down 81% from yesterday at $1.1287.

Yen keeps stumbling & bumbling in an uptrend, & hath formed an even- sided triangle. Above the 20 & 50 DMA's, presently intertwined. Set to climb.

West Texas Intermediate Crude Oil lost 3.06% to $44.38/bbl. Intraday low at $44.08 made a double bottom today with 13 January's $44.20. Not exciting but may be working on some kind of bottom.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 2015, The Moneychanger. May not be republished in any form, including electronically, without our express permission. To avoid confusion, please remember that the comments above have a very short time horizon. Always invest with the primary trend. Gold's primary trend is up, targeting at least $3,130.00; silver's primary is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold or 18 ounces of silver. or 18 ounces of silver. US $ and US$-denominated assets, primary trend down; real estate bubble has burst, primary trend down.

WARNING AND DISCLAIMER. Be advised and warned:

Do NOT use these commentaries to trade futures contracts. I don't intend them for that or write them with that short term trading outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures.

NOR do I recommend investing in gold or silver Exchange Trade Funds (ETFs). Those are NOT physical metal and I fear one day one or another may go up in smoke. Unless you can breathe smoke, stay away. Call me paranoid, but the surviving rabbit is wary of traps.

NOR do I recommend trading futures options or other leveraged paper gold and silver products. These are not for the inexperienced.

NOR do I recommend buying gold and silver on margin or with debt.

What DO I recommend? Physical gold and silver coins and bars in your own hands.

One final warning: NEVER insert a 747 Jumbo Jet up your nose.

The Gold Price Rose $12.30 Closing at $1,291.70

27-Jan-15	Price	Change	% Change
Gold Price, $/oz	1,291.70	12.30	0.96%
Silver Price, $/oz	18.07	0.10	0.56%
Gold/Silver Ratio	71.59	0.10	0.14%

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

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 2015, 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.