Monday, November 30, 2015

Gold Price Today Jumped Back $9.60 or 0.9 Percent to $1,065.80

30-Nov-15PriceChange% Change
Gold Price, $/oz1,065.809.600.91%
Silver Price, $/oz14.050.040.30%
Gold/Silver Ratio75.8580.4580.61%
Silver/Gold Ratio0.0132-0.0001-0.60%
Platinum Price832.30-0.70-0.08%
Palladium Price541.95-7.65-1.39%
S&P 5002,080.41-9.70-0.46%
Dow17,719.92-78.57-0.44%
Dow in GOLD $s343.69-4.66-1.34%
Dow in GOLD oz16.63-0.23-1.34%
Dow in SILVER oz1,261.20-9.39-0.74%
US Dollar Index100.210.140.14%

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
Today the GOLD PRICE jumped back $9.60 (0.9%) to 1,065.80, but still closed lower for the month. SILVER recaptured 4.2 cents (0.3%) to $14.05.

While the Big Cats are away, the little nasty mice will play. Floor traders often play on holiday thinned markets like Thanksgiving. Since they know where the stops are, they're easy to run. Then the market recovers and the day has little effect. On Friday, then, the GOLD PRICE dropped $13.80 to close it's very short holiday trading day at $1,056.20 on Comex, lowest since 2011 peak. Silver, however, did NOT confirm with a lower close, although it lost 15 cents to $14.008. Nor did gold stock indices confirm with lower closes. All that promises positive days.

Over the weekend, on Saturday, the price of gold again tumbled toward its Friday low about $1,054, but recovered and came back strongly today. So far, so good. If Friday didn't make the low, it ought to come in December's first half.

SILVER painted a like picture over the weekend, with a $13.93 low on Friday, and a $14.01 low on Saturday, followed by a less than sterling recovery today.

So, what do we have? A new low for gold Friday with silver and gold stocks refusing to confirm. Bullish Commitments of Traders stats for both silver and gold. End of seasonal period for silver and gold lows. Jupiter aligning with Mars -- no, wait, wait, that's not in there -- Strike that. Finally, we have central bank criminals working hard as they can to destroy their currencies, carrying historically unimagined policies to absurd, preposterous lengths. Yep, sounds like a recipe for resuming the silver and gold bull market to me, but shucks! I ain't no New York smarty. I'm just a nat'ral born durned fool from Tennessee.

Now what silver and gold prices need is just some positive reversal sign. Jes' y'all wait. It's comin'.

International Monetary Fund, scourge of benevolent human beings everywhere, today accepted the Chinese yuan into its reserve currency basket for its phony currency unit, the Special Drawing Right. Before the SDR contained only the US dollar, euro, pound sterling, and yen. The inclusion won't take effect until 1 October 2016. Weightings will be: US dollar, 41.73%, Euro 30.93%, yen 8.33%, pound 8.09%, and yuan 10.92%. This seats China at the table with the Big Boys.

The decision makes yuan-denominated assets available to central bank portfolios. It is a harbinger of the US dollar's decline as the bull reserve currency. With that decline goes US global hegemony, but don't discount the US yet. It's still the only country whose currency is backed by an army that will invade your country if you squawk about its foot on your neck.

With all that cheerful news behind us, let's turn to stocks. They had a headache today. Friday was confused with some indices barely up, some barely down, but today the bewilderment dissipated as every index plopped. Dow lost 78.57 or 0.44% to 17,719.92. S&P500 edged down 9.7 (0.46%) to 2,080.41. These are not in themselves death dealing changes, but the Dow closed just below its 20 day moving average and the S&P500 squatted down dead on its 20 DMA. That promises lower prices.

Friday's hijinks in silver and gold prices brought about slightly higher highs in the Dow in gold (16.85 oz.) and Dow in Silver (1,265 oz). Dow in silver is as overbought as antimacassars at an old ladies' convention. Both fell today.

US Dollar
US dollar index inched up 14 basis points to 100.21, a new high close for the move, but barely. It has formed a Rising Wedge, which usually breaks out downward (wedges usually break opposite to the direction they point). Scurvy dollar index has not undergone any sizeable correction since it began rising mid-October, so some kick-back is due. MACD has rolled over earthward, Rate of Change rolled over 8 November, and barely crawling above zero line.

What can I say about the euro? What more contempt and scorn can I heap up? What other colorful rotten tomatoes can I throw at it, despicable political Frankenstein of authoritarian bureaucrats, thirsty vampire of national economies? Greedy tick on the armpit of nations? Revolting tapeworm in the body economic? Well, lots if I put my mind to it as it deserves. It fell again, 0.24% to $1.0569. At least its rate of fall is falling. I reckon that's saying something good, but no more'n I have to.

The Yen dropped 0.18% to 81.25.

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, November 27, 2015

The Price of Gold Lost $14.30 Today Closing at $1,056.20

27-Nov-15PriceChange% Change
Gold Price, $/oz1,056.20-14.30-1.34%
Silver Price, $/oz14.01-0.16-1.13%
Gold/Silver Ratio75.40-0.16-0.21%

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.

Thursday, November 26, 2015

Gold Price Remained Unchanged at $1,070.50

26-Nov-15PriceChange% Change
Gold Price, $/oz1,070.500.000.00%
Silver Price, $/oz14.170.000.00%
Gold/Silver Ratio75.560.000.00%

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. Happy Thanksgiving.

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, November 25, 2015

Gold Price Lost $3.80 Closing at $1,070.50, Silver Made Another Low at $13.99

25-Nov-15PriceChange% Change
Gold Price, $/oz1,070.50-3.80-0.35%
Silver Price, $/oz14.16-0.00-0.01%
Gold/Silver Ratio75.576-0.263-0.35%
Silver/Gold Ratio0.01320.00000.35%
Platinum Price842.502.000.24%
Palladium Price551.309.801.81%
S&P 5002,088.87-0.27-0.01%
Dow17,813.391.200.01%
Dow in GOLD $s344.141.240.36%
Dow in GOLD oz16.650.060.36%
Dow in SILVER oz1,258.190.170.01%
US Dollar Index99.820.240.24%

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
On Comex SILVER and GOLD PRICES barely breathed. Silver closed down 1/10 cent at $14.158 and gold lost $3.80 to $1,070. Silver made another low at $13.99.

Silver Price
You'll see the silver price chart MACD is turning up, along with Rate of Change and full stochastics. RSI is plumb oversold, and has been since 9 November. Ripe to turn around. Gold's RSI is not quite as oversold, but other indicators are also turning up.

Five day/15 minute charts went a little lower than I wanted, but did not violate the lows seen on Monday. Whoa! So we have a bottom, followed by higher highs and a higher low, an embryonic uptrend.

I bought silver yesterday and a little gold today. I may end up choking on it, but at least I eat my own cooking.

Markets are dead in the water ahead of the Thanksgiving holiday in the US. floor traders might try some tricks in Friday's thin markets, but that won't stick, up or down.

Stocks sawed back and forth without gain. S&P500 lost 0.27 to 2,088.87 while the Dow Industrials gained 1.2 to 17,813.39. No movement, no significance.

US dollar index climbed to a new intraday high for the move since October at 100.23, and a new high close at 99.82, up 24 basis points. These are marginal moves, and clearly for now the dollar is stalled. Vulnerable to a sudden drop if spooked. What might spook it I couldn't say, if Turkey, arguably a surrogate for the US, shooting down a Russian warplane won't do the job, and it hasn't. It appears, by the way, that Obama and Company are in fact stupid enough to embroil the whole world in a war. Better pray they wise up fast.

Euro lost 0.25% to $1.0618. Yen lost 0.14 to 81.48. Just looking at their charts makes you want to reach for the wastebasket and puke.

West Texas Light Crude
Here's a strange omen, flashing big and bright across the firmament. Oil (WTIC) today closed above its 20 day moving average, having fallen down out of its trading range and trading back up into it. Closed up 4.08% at $44.39.

Copper Price
Copper, too, has bounced off $2.00. It's RSI is so oversold that it looks like a big old black and blue punk knot on somebody's pumpkin head.

I mention these two inflation markets because most everybody in the world, including ventral bankers and their economists, who don't know an economy from Adam's off ox, expects what they call "deflation" and lower commodity prices. What if the market surprises everybody? What if we are watching now not only bottoms in silver and gold prices, but in other commodities as well? No turnaround has appeared yet, just these little clouds the size of a man's hand on the horizon. One thing that might tip it over is the Fed failing to raise rates in December. That would pull the plug out of the dollar's heel and send commodities flying.

May you all enjoy a blessed Thanksgiving and a grateful heart for all God's mercies.

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.