Silver and Gold Prices Lost Momentum With the Gold Price Closing Losing $1.70 at $1,183.10

31-Mar-15	Price	Change	% Change
Gold Price, $/oz	1,183.10	-1.70	-0.14%
Silver Price, $/oz	16.58	-0.08	-0.46%
Gold/Silver Ratio	71.353	0.223	0.31%
Silver/Gold Ratio	0.0140	-0.0000	-0.31%
Platinum Price	1,142.60	25.70	2.30%
Palladium Price	735.00	6.30	0.86%
S&P 500	2,067.89	-18.35	-0.88%
Dow	17,776.12	-200.19	-1.11%
Dow in GOLD $s	310.59	-3.05	-0.97%
Dow in GOLD oz	15.03	-0.15	-0.97%
Dow in SILVER oz	1,072.08	-7.13	-0.66%
US Dollar Index	98.64	0.36	0.37%

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 & GOLD PRICES both ran out of downside momentum today. The gold price inched back $1.70 to 1,183.10 while silver scraped off 7.6 cents to $16.581.

The GOLD PRICE 50 dma ($1,216) is stacked above its 20 DMA ($1,176.23). Today at its $1.178.20 low gold nearly bumped into it. That would be a fine place to turn around, but it might take $1,168 to do the trick.

Looking at the SILVER PRICE through the same lens, its 20 DMA stands at $16.23. Coincidentally, that's where support from the shoulder line comes in.

Y'all know that technical analysis assumes that a "trend in force remains in force until invalidated." However, invalidating positively entails waiting (in the case of a downtrend) for a huge rise.

Still and all, give the proverb its proper honor. Silver & gold prices have been downtrending since 2011. They have to prove an upward reversal one step at a time. A good step here would be holding on above $16.20 & $1,160.

If those are violated, we just go back to watching and waiting, but here you see markets' trickiness. If you pass on buying by listening to the proverb, and they turn up here, you missed a bottom. However, buying here entails also the risk that it won't stop at those points.

It's enough to make a man take up the dog-grooming business, something with a solid future.

Somebody left the champagne out all night and all the bubble went away today. As I observed yesterday, it was all hogbreath, & hogbreath just blows away.

Dow lost 200.19 of those 263.65 points it gained yesterday, falling 1.11% to 17,776.12. Volatility eats up buying power like spinning wheels in mud burns gas & eats up tires. S&P500 tumbled 18.35 (0.88%) to 2,067.89

'Cause I'm a durned ol' nat'ral born fool from Tennessee won't nobody listen to me when I point out stocks are showing all the signs of topping, may have already made their final high on 2 March, & are now in an established downtrend. These are facts, but I'd have to be selling stocks on Wall Street and wearing sharkskin suits and pointy toed patent leather shoes to get anybody to believe me. Wearing overalls & herding cows just don't earn no respect, but it does add a whole new dy-menshun to "stock broker."

The corks are a-poppin' in the US dollar index, which has traded above its 20 day moving average. Looks like the dollar gamblers are bidding it up again, in a self-reinforcing cycle of buying and greed. Dollar index gained 36 basis points (0.37%) to 98.64. I reckon this will play out soon, but it might not.

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 $15.00 Today Ending on the Comex at $1,184.80

30-Mar-15	Price	Change	% Change
Gold Price, $/oz	1,184.80	-15.00	-1.25%
Silver Price, $/oz	16.66	-0.36	-2.11%
Gold/Silver Ratio	71.129	0.619	0.88%
Silver/Gold Ratio	0.0141	-0.0001	-0.87%
Platinum Price	1,119.50	7.50	0.67%
Palladium Price	728.70	7.95	1.10%
S&P 500	2,086.24	25.22	1.22%
Dow	17,976.31	263.65	1.49%
Dow in GOLD $s	313.64	8.46	2.77%
Dow in GOLD oz	15.17	0.41	2.77%
Dow in SILVER oz	1,079.20	38.26	3.68%
US Dollar Index	98.32	0.81	0.83%

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 lost $15.00 today & shuttered Comex at $1,184.80; silver gave up 35.9 cents to $16.657.

Clearly on Friday I didn't scrutinize the charts closely enough for downside gargets. Let's try that again. The GOLD PRICE is likely to hit $1,170 on a correction, & the SILVER PRICE might stop at $16.60 but could drop to $16.20

Interesting that volume dropped off for both silver and gold prices today, very sharply for gold. That suggests there's not much power behind the selling. Correction will likely last all this week.

Be patient, be patient.

Markets are all a-bubble today with Mother Janet Yellen's comments late Friday and the Chinese Central Bank president's comments. Both were more of the same nonsense, Yellen promising higher interest rates somewhere in the future, and the Chinese CB's president threatening more inflation. I am reminded of what Danish CB's head Lars Rohde said on 4 February about defending the Danish Kroner's peg to the euro: "There is no limit to how low rates can go and how large foreign currency reserves can grow . . . Either we can expand our balance sheet or we can go deeper into negative territory with interest rates . . . We can go on forever."

Well, Mr. & Mrs. Masters of the Universe, "forever" is a long time. Y'all may be used to pushing markets around with the breath of your mouth, but in the end, you're just bad breath and when y'all need the Certs, y'all won't be able to find 'em. Hogbreath. All bluff & hogbreath.

All the same, stocks jumped today, especially the dollar, I reckon 'cause Yellen gave the gamblers a second wind. It rose 81 basis points (0.83%) to 98.32. Technically that places the dollar above the 20 DMA, and the half-way line of its trading channel. Also might mark a breakout thru the downtrend line.

Euro did what you expect, it fainted again, back to its 20 DMA. Lost 0.71% to $1.0815. Simply can't get any rally working. Yen gapped down today, 0.84% to 83.23. Looked for news, but couldn't find any. It just took a notion to drop.

But notice the volatility in the currency markets as well as stocks. This is the result of the Masters of the Universe breath blowing across them. Anybody think that improves on nature? Raise your hand.

Dow leapt 263.65 (1.49%) to 17,976.31, and up 25.22 (1.22%) jumped the S&P500 to 2,086.24.

If you take a string & stretch it from the 2 March high across the 23 March highs, you get a downtrend with two lower highs and two lower lows. So until stocks burst through that line, tomorrows about 18,180, they are still trending down, no matter what the hogreath volatility from day to day.

Stocks' strength and metals' weakness today sent the Dow in Gold & Dow in silver bouncing up sharply. Dow in gold gained 2.64% to G$313.59 gold dollars (15.17 oz). Dow in silver jumped up 3.29% to S$1,393.91 silver dollars (1,078.10 oz.).

SO? Trend has not changed, outlook remains unchanged. Stocks appear to have peaked against silver & gold prices.

This is Holy Week, and our office will be closed from noon on Maundy Thursday and won't open again until the Tuesday after Easter. I hope y'all enjoy your Easter as much as I plan to enjoy mine.

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 Gained $15.00 this Week Closing at $1,199.80

	20-Mar-15	27-Mar-15	Change	% Change
Gold Price, $/oz.	1,184.80	1,199.80	15.00	1.3
Silver Price, $/oz.	16.867	17.052	0.185	1.1
Gold/Silver Ratio	70.244	70.361	0.118	0.2
Silver/gold ratio	0.0142	0.0142	-0.0000	-0.2
Dow in Gold $ (DIG$)	316.28	305.17	-11.11	-3.5
Dow in gold ounces	15.30	14.76	-0.54	-3.5
Dow in Silver ounces	1,074.74	1,038.71	-36.03	-3.4
Dow Industrials	18,127.65	17,712.06	-415.59	-2.3
S&P500	2,108.10	2,060.97	-47.13	-2.2
US dollar index	98.14	97.54	-0.60	-0.6
Platinum Price	1,142.20	1,143.60	1.40	0.1
Palladium Price	778.76	740.65	-38.11	-4.9

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

As I suspected, after 7 days' rising silver & GOLD PRICES needed a rest, especially at $17.00 & $1,200 resistance. Today silver gave back 7 cents (0.41%) to close Comex at $17.052. The GOLD PRICE lost $5.00 (0.48%) at $1,199.80.

Obviously yesterday, with its thrusts to $17.41 & $1,219.50 was the top of the first leg up. Next comes a little -- not big -- correction, maybe back to $16.50 & $1,190 before metals launch their next leg. Pause shouldn't last many days.

On a weekly chart the gold price has painted a falling wedge. This week it closed plumb on top of that upper boundary. The SILVER PRICE hit but did not close over the analogous upper boundary on its weekly chart. Both need weekly chart breakouts to confirm daily action.

GOLD/SILVER RATIO today closed little charged at 70.361 ounces of silver to one ounce of gold. The ratio hit the too DMA (now 69.84) and bounced up, and is dancing along the uptrend line from the April 2011 low, the Big One.

Take advantage of the little correction next week - if it gives us a chance -- to buy more silver & gold.

Dow lost a hefty 415.59 or 2.3% this week, S&P500 lost 2.2%. Unless stocks can scrabble back above the March high, the plunge has begun, the end of the long Fed-sponsored stock bull market. Silver & gold advanced steadily, soldiering through heavy resistance -- good progress. US dollar continues to fall, while inflation markets copper & oil strengthen. Platinum ended the weak flat but palladium took a $32.35 fall today.

Glyphosate is the generic name of Round Up, and come spring they spray it all over fields to kill everything living, then come back & plant Roundup resistant GMO corn & soybeans. Monsanto the maker claims it has a short half life, but I don't believe them. More than that, glyphosate washes off that field and into branches, creeks, and streams, so there's a strong likelihood it ends up in your drinking water.

Y'all will get a laugh out of this: a "scientific" lobbyist-apologist for glyphosate in an interview offers to drink a glass of glyphosate. The interview says, we've got some here, I'll pour you a glass. Watch him go backward faster than a jet propelled crawfish: http://theantimedia.org/lobbyist-claims-monsantos-roundup-is-safe-to-drink/

Stocks took a beating all week, and were taking another one today until about 10:30 when the god-out-of-a-machine (Nice Government Me) or somebody) commenced a-buying and drove 'em up 82 points for a close at 17,712.06, up 33.83 or 0.19%. S&P500 end 4.82 or 0.23% higher at 2,060.97. Both are on the downside of the uptrend line from March 2009.

Once again, as long as stocks do not exceed the March highs, 18,288.63 & 2,117.35, they have topped, as in, "ended the upmove that began in March 2009." Time to start thinking about swapping stocks for gold and silver. Look at what the Dow in Gold & Dow in Silver are saying.

Dow in Gold

Dow in gold fishhooked up today after plunging since 19 March without a single up day. It has sunk from G$322.07 gold dollars (15.58 troy ounces) to G$305.53 (14.78 oz), far below its top gator jaw and 20 DMA (G$314.83 or 15.23 oz) and closing in on the 50 DMA (G$300.77 or 14.65 oz). Take a look for yourself on the right.

Dow in Silver

Dow in silver has fallen harder and faster than the Dow in silver, from S$1,487.45 silver dollars (1150.45 oz) to S$1,349.51 (1043.76 oz) today, right nearly 10%. Unarguable confirmation comes when it drops through the trap door at the 200 DMA, now $1,269.70 (982.03 oz.), 'bout the same spot it will hit the uptrend line from August 2013. Chart on the left.

Waiting for more confirmation, but now it appears stocks have topped against silver & gold. That's why I say it's time to start thinking about swapping stocks for silver & gold, 'specially in those IRAs.

US Dollar index has fallen below its half channel line & can't get up. Needs Life Alert. Fell another 15 basis points (0.15%) to 97.54, below the 20 DMA (97.96). Appears minded to move to the bottom channel line, toward 94. According to a Commerce Department report (as much as you can trust any lying yankee government report) corporate profits dropped in the last quarter for the biggest fall since Q1-2011. Maybe the high dollar is hurting exports after all, which explains why the FOMC had to talk the dollar down.

The euro, which has no more ambition than a hillbilly living on free moonshine, rose 0.11% to $1.0888. Just can't get a rally tuned up and running, although it's on the upside of the downtrend line. Market just doesn't trust it. Yen is clinging to its 50 DMA -- closed up 0.01% at 83.91, which I call motionless.

WTIC backed down 4.18% to $48.87/barrel, but that's all right. It's about to break out to the upside, just needs to beat $54. Copper backed down, too, but remains broken out above the top of a rising triangle.

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 Touched it's 50 Day Moving Average Closing Up $7.80 at $1,204.80

26-Mar-15	Price	Change	% Change
Gold Price, $/oz	1,204.80	7.80	0.65%
Silver Price, $/oz	17.12	0.14	0.84%
Gold/Silver Ratio	70.366	-0.129	-0.18%
Silver/Gold Ratio	0.0142	0.0000	0.18%
Platinum Price	1,152.20	7.50	0.66%
Palladium Price	770.40	7.95	1.04%
S&P 500	2,056.15	-4.90	-0.24%
Dow	17,678.23	-40.31	-0.23%
Dow in GOLD $s	303.32	-2.67	-0.87%
Dow in GOLD oz	14.67	-0.13	-0.87%
Dow in SILVER oz	1,032.49	-11.01	-1.05%
US Dollar Index	97.58	0.38	0.39%

3 Day Gold Price Chart

3 Day Silver Price Chart

Y'all are gonna love this!

The GOLD PRICE finally crossed the magic $1,200 line today. Rose $7.80 (0.65%) to close Comex at $1,204.80. It rose as high as $1,219.50 & touched its 50 DMA, but fell back in the end. Today was a long stretch on the chart. At some point here we'll see a little breather, since the GOLD PRICE has moved up 7 days running. This was the first hurdle I wanted to see conquered. And volume is rising.

The SILVER PRICE rose 14.2 cents (0.84%) to $17.122, above the magic $17 mark. High today hit $17.41. Silver has solidly built on its breakout & how has climbed above its 20 & 50 DMA's and is reaching for that 200 at $17.86. Maybe tomorrow.

You've had a breakout buying signal, now confirmed. Buy.

According to a Washington Post report on 17 March, the Pentagon can't account for more than $500 million in US military aid given to Yemen, now overrun by Iranian backed rebels. Missing are 1.25 million rounds of ammo, 200 Glock 9mm pistols, 200 M4 rifles, 300 sets of night goggles, 250 suits of body armor, 160 Humvees (that's not a mistake), 4 Huey II Helicopters, 4 hand launched Raven drones, and a couple of transport and surveillance aircraft. Most hilarious of all was this straight-faced comment from some official: "Even in the best-case scenario in an unstable country, we never have 100% accountability."

Somebody ought to tell the yankee government, $500 million here, $500 million there, pretty soon you're talking about REAL money.

Euro, ever ready for an excuse to drop, fell 0.81% today to $1.0883. Still broken out above the 20 DMA and downtrend line, but hugging it scared goat stranded on a high cliff. Yen jumped up 0.25% to 83.90 & almost above its 50 DMA.

West Texas Intermediate Crude leapt 5.02% to $51.43/barrel today & draweth nigh the point of decision. Just above it faces both the downtrend line of its ghastly fall since June plus the upper boundary of the range it has occupied since 2015 began, 54.24 - 42.50. If oil breaks out upside along with copper all those Deflation Doomsayers will begin openly looking like the suckers they have been secretly all along. Simply not possible to have deflation when all money is borrowed into existence. Money supply MUST grow, or die. Money supply cannot deflate under those circumstances, although bubbles the bloating money supply blows up in industries & commodities may "deflate," but that is not monetary "deflation." These folks can't think any straighter than a central banker.

Complicating matters further, the yield on the US Treasury 10 year note is rising, above its 50 DMA today, up 4.53% to 2.007%. Last thing the Fed wants is the bond market challenging their hold on interest rates.

Stocks dropped the fourth day running, drawing closer to their 200 day moving average. After a ragged start that took the Dow to 17,579, it rallied later in the day to end down only -- only -- 40.31 or 0.26% at 17,678.23. S&P lost 4.9 or 0.15% to 2,056.15. Y'all tell me now again, cause I forget. What do you call a series of lower highs and lower lows? That's right, that's right, a DOWNtrend!

Lo & behold, the downtrend continued in the Dow in Silver today. It fell another 1.3% to S$1,333.53 silver dollars (1,031.40 troy ounces). Watching that 200 DMA at S$1,268.61 (981.19 oz).

Dow in Gold has fallen near enough its 50 DMA to smell it strongly. Lost 1.07% to close at G$303.26 gold dollars (14.67 oz) & the 50 DMA awaiteth at G$302.64 (14.64 oz). 200 DMA stands at G$289.61 (14.01 oz).

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 Added $5.60 Closing Up at $1,197.00

25-Mar-15	Price	Change	% Change
Gold Price, $/oz	1,197.00	5.60	0.47%
Silver Price, $/oz	16.98	0.02	0.10%
Gold/Silver Ratio	70.495	0.259	0.37%
Silver/Gold Ratio	0.0142	-0.0001	-0.37%
Platinum Price	1,146.50	5.00	0.44%
Palladium Price	765.05	1.70	0.22%
S&P 500	2,061.05	-30.45	-1.46%
Dow	17,718.54	-292.60	-1.62%
Dow in GOLD $s	305.99	-6.52	-2.08%
Dow in GOLD oz	14.80	-0.32	-2.08%
Dow in SILVER oz	1,043.49	-18.30	-1.72%
US Dollar Index	97.13	-0.32	-0.33%

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 added $5.60 to $1,197.00 but silver gained a nothin' 1.7 cents to end at $16.98, symbolically and tape-paintingly below $17.00.

The GOLD PRICE is progressing but stalled at the $1,200 mark. Notice how it grinds just a few dollars closer every day. Like stretching a rubber band, when it gives it'll pop the fool out of you. So the gold price will pop the fool out of scorners who now discount it. A close above $1,210 would suit me just fine as that would carry gold above that neckline we've so long discussed. Gold will keep moving up as long as it doesn't close below $1,180.

The SILVER PRICE HAS conquered that neckline, and its 50 DMA ($16.76) & has set its sights on the 200 DMA at $17.87. First hurdle is $17.00, then $17.43, then January's high at $18.50.

GOLD/SILVER RATIO is dancing on the 200 DMA as we speak. Breaking through that line will confirm the metal's firm intent to climb. Trading today barely under the uptrend line from the April 2011 low (!), but not quite through the 200 DMA, today at 69.79.

Yes, yes, more confirmation is always required, but silver & gold prices look stronger and more promising than I've seen since this correction began in 2011. Time to let those moths out of your moneybags and buy some. Buy more as we get more confirmation.

Sorry I missed y'all yesterday, but I was finishing my monthly Moneychanger newsletter for paid subscribers. I had a great interview with Keith Weiner of www.monetary-metals.com & the Gold Standard Institute USA, http://goldstandardinstitute.us/ He really has a fresh way to look at the monetary and economic mess. Go visit his sites.

Dow has lost nearly 400 points -- exactly 397.5 -- in the last two days. Dropped 1.62% today or 292.6 to 17,718.54, leaving 18,000 behind as a dim memory. S&P peeled off 30.45 (1.46%) today to 2,061.05. I know I'm no more'n a nat'ral born durned fool from Tennessee, but I'd be thinking about stocking some of them stocks for silver & gold, while there's still time. What you are watching is neither an anomaly nor an exception nor a blip. Get used to it.

Dow punched clean through both its 20 & 50 day moving averages (DMAs). 200 DMA stands at 17,315.61, a mere 403 points lower, about two days' fall for the Dow. Today the S&P500 closed beneath both its 20 & 50 DMAs AND the uptrend line from the 2009 low. Yes, that means something.

Nasdaq Composite today lost a whopping 2.37% to 4,876.52, biggest loss in almost a year. Dow Transports plunged 2.03% & have topped.

For those of y'all who thought I was just blowin' smoke about those Gator Jaws in the Dow in Gold & Dow in Silver, today added proof they have decisively turned down -- more precisely, plunged.

Dow in Gold

Dow in gold sank 1.99% to G$305.94 gold dollars (14.80 tr. Oz.). 20 DMA has been left far behind, & the 50 awaits at G$302.43 (14.63 oz). 200 DMA taps its foot at G$289.41 (14.00 oz) Chart on the right.

Dow in Silver

Dow in silver has plunged further than the Dow in Gold, below its 50 DMA. Today lost another 1.68% to close at S$1,351.15 silver dollars (1,045.03 oz). Falling straight as a plumb bob. Chart on left.

US dollar index keeps on falling & falling. Lost another 32 basis points today to 97.13. Euro rose 0.44% to $1.0975 & STILL looks sorry as gully dirt. Can't pull away from the downtrend, even though it stands on the upside. Yen is minding its manners. Rose 0.28% to 83.73, above the 20 DMA but below the 50 (not much distance between them), but still in the lower half of the 4 month trading range.

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.