Monday, August 31, 2015

Gold Price Lost $1.50 or 0.13 Percent to $1,131.60

31-Aug-15PriceChange% Change
Gold Price, $/oz1,131.60-1.50-0.13%
Silver Price, $/oz14.580.040.29%
Gold/Silver Ratio77.629-0.328-0.42%
Silver/Gold Ratio0.01290.00010.42%
Platinum Price1,010.104.100.41%
Palladium Price601.55-10.45-1.71%
S&P 5001,972.18-16.69-0.84%
Dow16,528.03-114.98-0.69%
Dow in GOLD $s301.93-1.70-0.56%
Dow in GOLD oz14.61-0.08-0.56%
Dow in SILVER oz1,133.84-11.19-0.98%
US Dollar Index95.80-0.28-0.29%

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 and GOLD PRICES are blowing hot and cold out of both sides of their mouth. Silver rose 4.2 cents (0.3%) today to $14.577 on Comex. The GOLD PRICE lost $1.50 (0.13%) to $1,131.60.

This says nothing. It's either fatal weakness or a pause before a run, but will make us guess.

The price of gold remains in the trading channel that has imprisoned it since January. In the middle of that channel is a downtrend line from the October 2012 high. Presently the gold price stands above that line, above its 20 DMA, and barely above its 50 DMA ($1,130.89). Until the price of gold conquers $1,150 then $1,172, where it fell down last time, it spinneth only wheels.

On 29 August silver made a new intraday low at $13.91, then painted a key reversal the next two days, confirmed by a higher close today -- if no much higher. This only turns the motor on. Silver languishes below its moving averages, and has to top $15.00 then $15.72. With stocks weak and falling there remains the chance they will try to suck metals into the black hole with them.

Swapping US 90% silver coin for 100 oz silver bars now fetches a 20% increase in ounces, although bar delivery is delayed four weeks. The US90% coin premium will disappear, so if you don't grab it you lose it.

Also, the GOLD/SILVER RATIO just below 80:1, near the top of the 10 year range, begs a swap from gold into silver.

Stocks wore themselves out after two - three days' reversal. Bear market rallies look fierce, but meet a ceiling of selling and wilt. Dow, for instance, climbed almost to the downtrend line that had contained it almost 4 months before it collapsed through it on 21 August. S&P500 reached toward -- weakly -- support at about 2,040 that marked for it the same line.

Fierce bear market rallies often result when smug shorts get hit by a sudden rally and panic. I reckon fast rallies might also arise from the Nice Government Men of the Plunge Protection Team buying S&P500 futures, but there is also a galloping abundance and overplus of old bulls left who will buy any dip, convinced "it will come back." They will keep doing this all the way down until finally, at the bottom, they all throw in the towel. In a bear market, money returns to its rightful owner.

For the next few weeks, just remember this one fact about the stock market: the plunge ain't finished yet.

Dow in Gold
Dow in Gold and Dow in Silver both rose sharply last week as the stock market rallied, but today they resumed their fall. DiG closed 14.58 oz, well below its 200 day moving average (DMA) at 15.01 oz.

Dow in Silver
Dow in silver fell 0.83% to 1,132.06 oz, although above its 1,103.36 200 DMA.

Both have given a downturn signal that can't be recalled.

Last week the US dollar, scrofulous spawn of central banking, rallied after its 145 basis point plunge on 24 August. Five day's rise brought it to the downtrend line. It barely closed above on Friday, dropped today 28 basis points and closed on that line, close to support at 95.50.

Absent some surge tomorrow, the dollar is shackled to a downtrend.

Euro rose 0.28% to $1.1211, but has negated the strength it showed on dollar weakness, even fallen back below its 200 DMA. Yen has done likewise, and today fell 0.39% to 82.47.

Europe meanwhile is completely powerless against an immigrant invasion. Their false values and self-hatred are leading them into final demographic suicide. The Hungarians had better have a lot of that razor tape fence wire, cause they're gonna need it.

West Texas Intermediate Crude rose again today, third day in a row. It has risen 23.6% in the last 3 days. Bear market rally or double bottom with March?

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.

Friday, August 28, 2015

Price of Gold Rose $10.70 Ending at $1,133.10

28-Aug-15PriceChange% Change
Gold Price, $/oz1,133.1010.700.95%
Silver Price, $/oz14.540.110.79%
Gold/Silver Ratio77.960.130.16%

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.

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.

Wednesday, August 26, 2015

Gold Price Within Two Days of Turning Up Again, Silver Will Follow

26-Aug-15PriceChange% Change
Gold Price, $/oz1,124.60-13.60-1.19%
Silver Price, $/oz14.04-0.57-3.89%
Gold/Silver Ratio80.0942.1882.81%
Silver/Gold Ratio0.0125-0.0004-2.73%
Platinum Price980.204.100.42%
Palladium Price529.65-10.45-1.93%
S&P 5001,940.5172.903.90%
Dow16,285.51619.073.95%
Dow in GOLD $s299.3514.825.21%
Dow in GOLD oz14.480.725.21%
Dow in SILVER oz1,159.8587.548.16%
US Dollar Index95.130.590.62%

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 $13.60 (1.2%) to $1,124.60 on Comex while SILVER plunged 56.9 cents (3.9%) to $14.041.

What I like about y'all is that y'all keep your heads in a crisis. While everybody else is moaning and groaning about silver and gold dropping, y'all spotted that GOLD/SILVER RATIO at 80:1 and called me up to swap gold for silver.

More than that, as silver falls the premium on US 90% rises so those swaps from US 90% silver coin to 100 oz silver bars are now approaching a 20% gain in ounces.

Be advised the wait even on 100 oz silver bars is two to four weeks. However, over time premium always disappears, so if you don't capture it when you can, you lose it. Call us at (931) 766-6066 to execute a swap.

I have to attend my 50th high school class reunion the next two days in Memphis, so I won't be here tomorrow or Friday, but I'm going out on a limb here.

The GOLD PRICE today fell almost to its 20 DMA ($1,114.29) and an internal support line. With my saw in hand, I'm crawling out on that limb: I believe it is within two days of turning up again. Silver will follow, and the goofs who have been shorting silver and gold will be looking at their heads on a platter in a few days.

If I'm right, this is a spectacular buying opportunity for silver and gold. If I'm wrong, well, it could be worse: you could buy stocks.

One axiom y'all have to learn is this: the Establishment has only two weapons against financial panic, blarney and liquidity. Liquidity means flushing the market with money (think TARP or QE4). Blarney is propaganda, or Blowing Smoke. They trot out the regional Fed Presidents (like NY Fed prezzy Wm. Dudley today) or the Treasury Secretary or even Warren Buffet and Harvard econ professors if things get really bad. These folks sing the siren song to sooth the public's soul. Blowing Smoke.

And, yes, these two weapons really do compose their entire arsenal, Mushrooms. That's how thin they are, and how huge and ridiculous their con game really is.

Object of Dudley's comments was likely the US dollar, which rose 59 basis points today to 95.13. Dollar's tanking earlier this week makes it appear that the entire dollar rise from last summer was fuelled by nothing more than speculators' expectations the Fed must raise rates. When the Chinese devalued the yuan and US stocks tanked, however, there was no way the Fed would raise rates. Hence Dudley's rationalization. He's saying to the public, "It's all right, these are not the droids you are looking for." His words also build the impression the Fed is watching and on top of things. Sort of like saying your six year old is watching you work on the car and will do the ring job for you.

Just remember: blarney and liquidity. It helps make sense out of all these moves and put them into perspective.

Stocks rallied in a predictable, showy, but meaningless rally. Dow rose 619.07 (3.9%) to 16,285.51. S&P500 rose 72.9 (3.9%) to 1,940.51. Both are buried deep beneath their 200 DMAs. Broken, can't be fixed. DO NOT LET THE BLARNEY SUCK YOU IN.

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.

Price of Gold Lost $15.20 or 1.3 Percent Ending at $1,138.20

25-Aug-15PriceChange% Change
Gold Price, $/oz1,138.20-15.20-1.30%
Silver Price, $/oz14.61-0.15-1.02%
Gold/Silver Ratio77.91-0.223-0.28%
Silver/Gold Ratio0.01280.00000.29%
Platinum Price976.10-14.80-1.49%
Palladium Price540.10-34.65-6.03%
S&P 5001,867.62-25.59-1.35%
Dow15,666.44-204.91-1.29%
Dow in GOLD $s280.780.030.01%
Dow in GOLD oz13.580.000.01%
Dow in SILVER oz1,061.27-2.92-0.27%
US Dollar Index94.110.750.80%

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
Here's an odd thing about the GOLD PRICE. Through all this heat and drops yesterday and today, it still hasn't broken its uptrend line. Not saying that won't happen tomorrow, but the uptrend line and the 50 DMA did run together today, and if the GOLD PRICE were just mildly correcting, that 50 DMA would be a usual place to stop.

Here's another odd thing: SILVER today lost 15.2 cents (1.02%) on Comex to close at $14.61. The Price of gold lost $15.20 (1.3%) ending at $1,138.20. Both lost 15.2 somethings.

Gold/Silver Ratio
Silver's losses don't have my ears pricked up as much as the GOLD/SILVER RATIO rise has. It vexes my mind to see that sudden rise (although the double gaps make it appear completed) after the Ratio has walked through the uptrend line from the epochal April 2011 low at 32. The Ratio backed off today, but not enough to prove a reversal by any means. Y'all look. Maybe y'all can figure it out.

What worries me here is the ghost of 2008, when the Ratio ran crazy up to 85:1. I am still trying to study out whether this stock market crash will send folks fleeing into dollars or gold. So far, it ain't dollars, but this one puzzle piece, the Ratio, won't fit yet no matter how I turn it.

I listen to the media and hear "experts" solemnly intoning that nothing is basically amiss in the global economy and that the US stock market will come back and I wonder: do they know they're lying, or is it pure-dee old ignorance and want of experience? I reckon when a man sells cotton candy, he ain't about to warn you of dental consequences. The word "wicked" comes to mind.

The Shanghai stock index lost 8.5% yesterday and another 7.63% today. Chinese central bank slashed its main interest rates 50 basis points (1/2 percent), its fifth rate cut in 9 months. Funny thing about Keynesians and government-must- control-the-economy people. Eternal optimists, they are never downcast when their illogical policies don't work. Undeterred, they always say that the policy didn't fail, we just didn't do enough of it. Dropping interest rates has been so successful in China that the Shanghai index has lost 2,201 points from its June high, or 42.6% Ditto a raft of other government measures to stop the Shanghai avalanche. Maybe they just haven't done enough of it yet.

Stocks had an amazing day in the US. The commentators were just a-chortlin' and burblin' this morning when the Dow reached an early high at 16,313, up 441 points (2.8%). Whoops -- somebody greased the pole, and the Dow slid and slid and slid till it finally came to rest at 15,666.44, down 204.9 (1.29%). Looked at from another direction, it fell from 16,313 and so lost 646.20 or 4% for the day. S&P500 ended 25.59 lower (-1.35%).

I hate sounding like Chatty Cathy saying the same thing over and over, but folks, this has at least another 4 weeks and maybe longer to run. Even now the Dow is working on wiping out two years' gains. For the year the Dow has lost 12.1%, the S&P500 9.3%. From the May highs the Dow has tumbled 14.4%, the S&P500 12.4%.

A 20% loss from the highs would take the Dow to 14,650, the S&P500 to 1,705. Right, it sounds crazy now, just like $1,070.00 gold sounded crazy in August 2011, but not in August 2015. Hang around: crazy gets saner over time.

I'm only going to say this one more time, to make sure y'all have heard it and listened, so clean out them ears and pay attention: the Dow in Gold and Dow in Silver have given unequivocal, unmistakable, unshakable signals that the trend of stocks against silver and gold has turned. For the next several years, silver and gold will GAIN VALUE against stocks. Write this on the backs of your eyelids: before this bear market in stocks ends the Dow will trade for one to two ounces of gold, or for 16-32 ounces of silver.

Today the Dow in Gold ended at G$284.03 (13.74 troy ounces), down 16.7% from its July high. Dow in Silver closed at S$1,381.69 silver dollars (1,068.65 troy ounces), 13.6% lower than the high. Everybody wants to make life complicated and pretend to be an expert when only a very few things are important, and only a few bulbs give light. But Mercy! Don't pay no 'tenshun to me -- I'm jes' a nat'ral born durn fool from Tennessee, and I been wrong for years.

US dollar index gained 75 basis points today and ended at 94.11. This +0.81% move was enough to bring it back up to the 200 DMA (94.66) for a touch, but not enough to close above it. Looks plumb broke down to me, but needs to close below the May low (93.15) to plumb prove it. I reckon it will.

Now y'all know that all markets are manipulated nowadays, and none more than currencies, right? I haven't said anything about the Nice Government Men because I hate to keep beating that obviously defunct equine, but y'all know they were up bright and early today, jus' a-buying them S&P500 index futures with all their little hearts (and they are little, practically non-existent). But while governments and central banks manipulate markets, they do not control them. Hence every now and then markets get out of hand, as in China and the US. And if the dollar keeps accelerating its course to the earth's core, sooner or later the Fed will step in to slow the fall. Likewise, when the Fed gets scared enough -- and it don't take much to scare 'em -- they will commence Quantitative Easing 4. Y'all hide and watch.

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.