13-Jan-15 | Price | Change | % Change |
Gold Price, $/oz | 1,234.30 | 1.60 | 0.13% |
Silver Price, $/oz | 17.13 | 0.59 | 3.57% |
Gold/Silver Ratio | 72.076 | -2.475 | -3.32% |
Silver/Gold Ratio | 0.0139 | 0.0005 | 3.43% |
Platinum Price | 1,247.40 | 7.00 | 0.56% |
Palladium Price | 815.20 | -1.60 | -0.20% |
S&P 500 | 2,044.81 | -17.33 | -0.84% |
Dow | 17,613.68 | -27.16 | -0.15% |
Dow in GOLD $s | 294.99 | -0.84 | -0.28% |
Dow in GOLD oz | 14.27 | -0.04 | -0.28% |
Dow in SILVER oz | 1,028.54 | -38.34 | -3.59% |
US Dollar Index | 92.46 | 0.23 | 0.25% |
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 |
Silver Price |
Gold/Silver Ratio |
Friends, y'all have to buy the breakouts.
Susan is going to skin me unless I get home in time for dinner tonight. Six of our seven grown children are coming for supper, so I have to make it fast.
Stocks looked terrible today. Early in the day the Dow had rallied 282, but it just wilted across the day, gave back all the gains before 2:00, then closed 27.16 (0.15%) LOWER at 17,613.68. Lo, the S&P500 held its hand, losing 5.23 (0.26%) to 2,023.03. Very weak showing.
Dow in silver plunged 2.96% today to S$1,332.54 silver dollars (1,030.64 oz), S$40.62 lower. Broke through an internal resistance line I had been watching. Dow in silver and Dow in gold will slide further.
US dollar index ended the day 23 basis points (0.25%) higher at 92.46. At one point today stocks, the dollar index, AND gold and silver were all romping higher. Euro is puking sick, down 0.49% to $1.1775. Yen really is rallying, climbed over its 50 dma today, and rose 0.38% to 84.83.
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.