Price of Gold Closed at $1234.20 up $7.30 or 0.59%

31-Mar-16	Price	Change	% Change
Gold Price, $/oz	1,234.20	7.30	0.59%
Silver Price, $/oz	15.46	0.25	1.67%
Gold/Silver Ratio	79.832	-0.853	-1.06%
Silver/Gold Ratio	0.0125	0.0001	1.07%
Platinum	976.60	12.30	1.28%
Palladium	563.05	-2.35	-0.42%
S&P 500	2,059.74	-4.21	-0.20%
Dow	17,685.09	-31.57	-0.18%
Dow in GOLD $s	296.21	-2.29	-0.77%
Dow in GOLD oz	14.33	-0.11	-0.77%
Dow in SILVER oz	1,143.93	-21.18	-1.82%
US Dollar Index	94.64	-0.21	-0.22%

I have to make this quick because a big storm with tornadoes is closing on me across Wayne County. 

Having accomplished its largesse to Wall Street, Janet Yellen's spell evaporated today, just like Cinderella's coach and four returning to pumpkin & mice at midnight. Poof! 

Dow hit 17,790 at yesterday's high, but early this morning its skin started turning orange. Lo, as the day waxed later, the Dow began to sprout a green stem. About 12:30 it turned down and skidded to the curbside, almost shot at 17,663, but it bounced off that curb up to only 31.57 (0.18%) lower than yesterday. S&P500 was like those lizards turned into Cinderella's coachmen. As the day wore on and the clock struck 12:30, its skin started turning green. By 2:30 it had a long tail, and claws. Ended the day 4.21 (0.2%) lower & looking right wizardly. 

Both the Dow in Gold & Dow in silver turned zagged down today. Last 2 days the DiS had been above its 200 DMA, but no mo. http://schrts.co/ohwLZP 

Dow in Gold at 14.463 yesterday came close to the 50% correction (14.71 oz), & turned down today, closing at 14.33 oz. http://schrts.co/8Sv0tc 

But Janet's spell didn't fall off the US dollar index. It trashed another 21 basis points (0.23%) to 94.61. http://schrts.co/fOyfqb The world still holds some foolish people who believe the criminals at the Fed & the world's central banks have the people's best interest at heart. Right, like Cinderella's sweet stepmother was hunting her a husband. 

Euro rose 0.38% to $1.1380 while the yen fell 01.2% to 88.85. Euro's rally is propelled only by the dollars woe. 

Gold rose $7.30 (0.6%) to $1,234.20 on Comex. Silver rose 25.4¢ (1.67%) to 1546¢. 

I feel like a tick hanging on the tip of a Labrador Retriever's tail. I'm thrown first one way, then t'other so fast my eyes can't focus. One minute I believe silver & gold are headed up, then I think about it another way or read something & think that correction is still lurking. 

Here's a gold chart, http://schrts.co/cXRPsq 

I have added a green line to mark the uptrend from the December/January low. Tomorrow that line crosses $1,214, so a close below that would clinch the arrival of a correction. I will box it closer than that. Gold must also climb ABOVE the 20 DMA now at $1,246.62 to prove it means to climb. 

Silver came within a hair of closing above its 20 DMA at 1549¢. Tomorrow boxed in between 1518¢ (uptrend line) and 20 dma at 1549¢. 

Got to run. I can hear the thunder & am headed for my basement at home. 

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 2016, 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.  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.

Gold Price Lost $8.90 or -0.72%

30-Mar-16	Price	Change	% Change
Gold Price, $/oz	1,226.90	-8.90	-0.72%
Silver Price, $/oz	15.21	-0.01	-0.09%
Gold/Silver Ratio	80.685	-0.511	-0.63%
Silver/Gold Ratio	0.0124	0.0001	0.63%
Platinum	964.30	-0.90	-0.09%
Palladium	565.40	-7.35	-1.28%
S&P 500	2,063.95	8.94	0.44%
Dow	17,716.66	83.55	0.47%
Dow in GOLD $s	298.50	3.55	1.20%
Dow in GOLD oz	14.44	0.17	1.20%
Dow in SILVER oz	1,165.11	6.56	0.57%
US Dollar Index	94.82	-0.33	-0.35%

On Tuesday the Fed's answer to the Wicked Witch of the East, Janet Yellen, cooked up a spell to help Wall Street. In a speech in New York she waffled (I know that's redundant, "Fed" and "Waffle") on raising interest rates soon. Signal to the market was, "Party animals! Stock party's still on!" Also, "Dollar will get no help from the Fed." Stocks jumped, gold & silver jumped, dollar tanked, and hedge & mutual fund managers get to make better reports for the first quarter. See how easy that was? A simple spell: "N-o-R-a-t-e-R-i-s-e." 

No doubt she always wanted to throw a bone to oil producers. Just drop it off her broom in a fly-by, as it were, knocking down the US dollar. Whoa! Watch out for them wanged monkeys! Them thangs bite! 

Stocks today kept rising, but without much inspiration. Dow climbed 83.55 (0.47%) to 17,716.66. S&P500 chugged along at its side, 8.94 (0.44%) higher at 2,063.95. 

Dow approacheth its last high close at 17,721 (29 December 2015). Yeah, won't they be jubilatin' on Wall Street if it can pass that mark. 2,078.36 is the S&P500's comparable close. I'm not counting on seeing that. Dow in Silver & Dow in Gold appear to be nearing the end of their rallies, so that puts a limit on how much higher stocks can climb. 

By the way, y'all do understand that raw number gains are meaningless, right? Only thing that counts is PURCHASING POWER GAINS. During the 1921-23 German hyperinflation, for example, stocks soared hugely but lost purchasing power. Raw numbers mean nothing, only purchasing power. Raw number for the Dow look great, until you adjust them for inflation or compare them to gold or silver. 

US dollar index plunged 33 basis points (0.34%). Chart's here, http://schrts.co/ZhjJhK 

Come to think of it, all the trouble the Dollar Index has suffered these last 9 months has come from central banks. All those waterfalls you see on the chart were loosed by some central bank's announcement, including the latest one precipitated by Mother Yellen. Dollar has now reached the downtrend line from its March 2015 peak. It's below all its moving averages, and ain't got a friend in the world. Only important thing to watch is 92.50. If the dollar breaks down there, we have a whole new game, because it will sink much further. 

Euro rose 0.45% to $1.1342, pursuing a reluctant rally. Yen rose 0.22% to 88.95, above its 20 DMA again but indecisive twixt rallying and plunging. 

Gold tumbled $8.90 (0.72%) to $1,226.90 while silver barely moved, down 1.4¢ (0.09%) at 1520.6¢. 

Yesterday gold leapt $15.70 (1.3%) on Mother Yellen's broom, but although it climbed over $1,240, its fingers were too slippery to hold on there. What interest me more than yesterday's bound is the limit of the fall. Day before yesterday gold hit $1,206.10, yesterday $1,215.30, today $1,223.40. Hasn't closed below $1,220, so clearly there are enthusiastic buyers below $1,220. Chart: http://schrts.co/kGImYK 

That $1,206 low came awfully close to the 50 DMA, a frequent target in bull market corrections. My mind is now fermenting (you there! Stifle that smart remark!) on the possibility that gold won't drop any further. That instead of returning to $1,170 it will take off from here and blow past $1,308. I am not yet saying it will, but that idea is invading my mind.

One reason it's invading is found on silver's chart. http://schrts.co/kY9doO I've drawn a green uptrend line from the January low, and it has caught every fall since then. It's tautological, but silver would have to break that uptrend in order to make that 1460¢ low I have been anticipating. 

What if it don't? The low so far, 1506¢, came right close to the 200 dma (1492¢). Might be correction enough. 

Tomorrow silver needs to close below 1517¢ to break that line. If it does, well, that ends the fermentation in my brain. If it don't, then maybe we ought to start making other plans, cause that chart is preening a flat-topped rising triangle, which forecasts an upside breakout. 

Not sure yet. Just musing.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 2016, 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.  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.

Gold Price Closed at $1220.10 Down $1 or -0.08%

28-Mar-16	Price	Change	% Change
Gold, $/oz	1,220.10	-1.00	-0.08%
Silver, $/oz	15.19	-0.01	-0.04%
Gold/Silver Ratio	80.349	-0.034	-0.04%
Silver/Gold Ratio	0.0124	0.0000	0.04%
Platinum	944.70	-7.70	-0.81%
Palladium	566.85	-5.65	-0.99%
S&P 500	2,037.05	1.11	0.05%
Dow	17,535.53	19.80	0.11%
Dow in GOLD $s	297.10	0.58	0.20%
Dow in GOLD oz	14.37	0.03	0.20%
Dow in SILVER oz	1,154.79	1.76	0.15%
US Dollar Index	95.96	-0.21	-0.22%

Happy Easter Monday! In Europe Easter Monday is a holiday, so not much happened today. Besides, even though options expiry occurred today, silver & gold had been driven down enough last week to keep the options writers from having to pay off on most options. 

Next options expiry is 26 April. Y'all watch how silver & gold will dip on that date. 

Stocks churned up and down today, one index gainsaying another. While the Nasdaq and Nasdaq 100 fell (about 0.15%), Dow Industrials & S&P500 rose tinily (I just coined that word). In jagged trading the Dow managed to end 19.8 (0.11%) higher. S&P500 millimetered up 1.11 (0.05%) to 2,037.05. Both indices have broken down from rising wedges. Okay, maybe they rise yet to a higher high by a few points? Won't save them. Rally over. 

After six higher days the US dollar index today dropped 21 basis points (0.22%) to 95.96. Supposedly this happened because the January personal consumption expenditures came in at 0.1% versus a 0.2% forecast. The idea of adults watching a number that imaginary and insignificant & then making investment decisions on it pains the fastidious mind. Seems to me the US dollar index just got too near the Kryptonite at the 50 day moving average (97.34) and withered. But how much can a nat'ral born durned fool from Tennessee know? I say "y'all" and my mouth can't even wrap around the words "youse guys." I wouldn't make it on Wall Street. 

Silver & gold prices moved little today. Hardly worth talking about. Gold lost one thin Fern (Federal Reserve Note) to $1,220.10. Silver gave up -- wait for it! -- 6/10 of a cent to 1518.5¢, in blistering trading. 

Gold felt with its toes toward the 50 day moving average ($1,197) and made a new low for the move at $1,206.10. Be warned now, so y'all don't fly to pieces when it happens, that if gold works through $1,200 the selling will hit it like a concrete block hitting a roach. Don't let that bother you. Ought to stop around $1,190 or $1,170. http://schrts.co/NFZqJT 

The silver price  now is treading water below its 20 day moving average (1542¢), looking its 50 DMA (1504) in the eye. There's more: 200 DMA lieth just below at 1492¢, The bowl lip about 1460¢ looks strong enough to catch it. http://schrts.co/zsmR7J 

I won't be sending a commentary tomorrow because I'll be finishing my monthly newsletter. See y'all again Wednesday, God willing.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 2016, 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.  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.

Gold Price Closed at $1221.60 and Lost $32.20 or 2.6% This Week

	18-Mar-16	24-Mar-16	Change	% Change
Silver Price, cents/oz.	1,580.60	1,519.10	-61.50	-3.9
Gold Price, dollars/oz.	1,253.80	1,221.60	-32.20	-2.6
Gold/silver ratio	79.324	80.416	1.092	1.4
Silver/gold ratio	0.0126	0.0124	-0.0002	-1.4
Dow in Gold Dollars (DIG$)	290.22	296.40	6.18	2.1
Dow in gold ounces	14.04	14.34	0.30	2.1
Dow in Silver ounces	1,113.65	1,153.03	39.39	3.5
Dow Industrials	17,602.30	17,515.73	-86.57	-0.5
S&P500	2,049.58	2,035.94	-13.64	-0.7
US dollar index	95.12	96.17	1.05	1.1
Platinum	970.00	952.40	-17.60	-1.8
Palladium	589.60	572.50	-17.10	-2.9

THIS WEEK'S MARKETS: 

The expected precious metals correction showed up this week, hammering all heads. Stocks looked sickly all week, finally ended down, but not as much as they merited. Rally is probably over. US dollar index recovered 1.1%, and fell not into the abyss - yet. Platinum & Palladium want to drop with silver & gold. 

US DOLLAR INDEX has risen the last 5 days -- not enthusiastically, 'tis true, but risen still. Test will come at the 200 day moving average (97.08) & the 50 DMA (97.40). Dollar is locked in a downtrend, but can't be written off till it closes below 92.50. 

Euro flatlined today, up 0.1% to 1.1181. Yen dropped 0.44% to 88.59. Both are technically in uptrends, but with gigantic volatility & indecision. 

Inflation markets have switched to full correction mode. WTIC eased off 0.43% to $39.59/bbl, but it has broken its uptrend line and is fixing to break its rising 20 DMA. Next move down. Copper also has broken its uptrend line, ending today little changed at $2.238, but broke down still. CRB gapped down today, leaving behind what looks like an island reversal. Roll on downhill. 

Stocks kept on chiseling away their price this week. None of the losses was huge, merely losses, consistent with a market that has lost buying power. 

Today the Dow gained 13.14 (0.8%), closing 17,515.73. Gain all came very late in the day. Great to have friends in high places, I reckon. S&P500 never quite made it through unchanged. Ended down 0.77 (0.7%) at 2,035.94. Gravity will become vengeful below 17,500 and 2024. 

At this stage in world history, the Dow in Gold (closed today at 14.40 oz) and the Dow in silver (1,152.35 oz) are aimed higher. DiS barely crossed its 200 DMA today, but soon hits stiffer resistance. 

http://schrts.co/ohwLZP Silver & gold are just beginning a correction stocks will soon share with more fervor. Till then, the Dow in metals will rise. 

The Volatility index, which measures fear in the stock market, reached Smugness a few days ago at 13.75. Today it tried to shoot up, but ended the day falling back. When it is rolling up to Terror (around 30) it needs 2 - 4 weeks to make the whole trip. VIX is telling us stocks are near breaking, and will break lustily and large. I remind y'all that both the Dow & S&P500 have built out bearish rising wedges, and broken down from their tips -- not a forerunner of higher prices. Look here, http://schrts.co/Q6KUW0http://schrts.co/Q6KUW0 

Gold scraped off another $2.10 (0.1%) on Comex to $1,221.60. Silver backed up 7.2¢ (0.47%) to close at 1519.1¢. Gold/Silver ratio rose again today, up 2.3% in two days. 

That ratio has indeed bounced off the lower channel boundary, as y'all can see. http://schrts.co/kh9gOy It gapped up yesterday, above the 50 DMA, and ineluctably will push forward toward that top channel boundary, now around 84. In other words, silver will fall faster than gold. 

Yesterday gold finally began paying the promise of that Bear Flag by plunging. Today it took a breath, but next week it will resume falling. This could last until mid-April, and gold might reach $1,195 or $1,170. 

Silver is dealing from a weak hand. Today's 1510¢ low approached the 50 DMA (1502¢). Most likely target is the lip of that bowl silver broke skyward from, about 1460¢. 

However, nothing has changed my mind: silver & gold both bottomed and turned up in December, ending the post-2011 correction. Higher prices coming, after a correction. 

But I could be wrong. I ain't no more'n a nat'ral born durn fool from Tennessee. I'm from so far back in the woods we have to order sunlight from Sears & Roebuck. 

Tomorrow is Good Friday so I won't be sending a commentary. May God bless you all at Eastertide and always!

Y'all enjoy your weekend.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 2016, 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.  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.

Gold Price Closed at $1248.20 Up $4.40 or 0.35%

22-Mar-16	Price	Change	% Change
Gold Price, $/oz	1,248.20	4.40	0.35%
Silver Price, $/oz	15.88	0.04	0.23%
Gold/Silver Ratio	78.617	0.099	0.13%
Silver/Gold Ratio	0.0127	-0.0000	-0.13%
Platinum	996.30	15.00	1.53%
Palladium	605.32	2.85	0.47%
S&P 500	2,049.80	-1.80	-0.09%
Dow	17,582.57	-41.30	-0.23%
Dow in GOLD $s	291.19	-1.72	-0.59%
Dow in GOLD oz	14.09	-0.08	-0.59%
Dow in SILVER oz	1,107.42	-5.12	-0.46%
US Dollar Index	95.64	0.34	0.36%

About that jump-let in gold and silver prices today: If a market needs terrorist attacks to prop it up, it may have problems. 

Then again, it might be something else. The pattern gold has traced out might also be a continuation pattern, and not a top. If 'tis, then gold is gathering up its strength for a jump. 

Terrorist attacks are not positive for stock markets. For Europe an attack on Brussels resembles an attack on Washington or New York. European Nice Government Men must have been working overtime, because instead of diving European stock indices actually nosed up. 

Any sober adult would perceive that Europe has sunk into deep peril & mortal danger, but no sober adults are to be found among their politicians. Grievously sorrowful! Cicero said, "A nation can survive its fools, even the ambitious, but it cannot survive treason from within." 

In the US stocks nudged down a hair. Dow lost 41.3 (0.23%) to 17,582.57 & S&P500 shaved off 1.8 (0.9%) to 2,049.80. Only significance I attach to this is that both indices have managed to climb over their 200 day moving averages. To my nat'ral born durn Tennessee fool mind, that brings them just that much closer to a break. 

Should come as no surprise that the US dollar index rose on the bad news, up 34 basis points (0.36%) but that was, as they say, a "muted" response. Flight to quality did take the dollar index up through 95.30 resistance, but looked none too perky. Ended at 95.64. 

Nice Government Men in Europe must have been busier than a one-armed man changing a diaper. They had to keep stocks from crashing AND the euro. In the end I reckon they did a heroic job, as the euro dropped only 0.2% to $1.1217. If you call manipulating markets "heroic". 

Yen fell 0.3% to 89.06. Not clear yet whether it has a mind to rise or fall. 

Although it hit an intraday high of $1,260, Comex gold rose only $4.40 (0.35%) to $1,248.20. After a 1604¢ high, silver settled Comex at 1587.7¢, up only 3.6¢ (0.23%). 

On the End of Day chart the gold/silver ratio has nearly bumped into the lower channel boundary. No cosmic law decrees it cannot fall further, but odds are it will bounce up from that line.

Mathematically it can happen several ways, but a reversing gold/silver ratio means lower silver prices at least, and most likely lower gold. 

Let me try to make clearer the stakes here. Right around 1600¢ the downtrend line from the April 2011 high crosses silver's path. If silver breaks through that now, it will draw buyers like free sandwiches draw hobos. And it will jump hugely. That's why I keep telling y'all, all bets for a correction are off if silver can close above 1624¢. 

Silver & gold can't stay mired in this range forever. Every day they do increases the pressure to move up or down, but to MOVE. Today the gold price closed once again above its 20 day moving averages, after closing below it yesterday. 

If gold and silver prices can press through those blocking levels -- 1600¢ and $1,280 -- they will run like scalded dogs. However, the odds still favour a correction. 

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 2016, 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.  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.

Gold Price Closed at $1243.80 Down $10 or -0.8%

Maybe some of y'all know what's going on and can share it with this nat'ral born durn fool from Tennessee. Markets seem frozen, hovering but unable to fly higher.

US dollar index rose a leetle today, just enough to bump up against resistance at 95.30. Can it punch through? Indicators don't favor it. Rose 18 basis points (0.19%) to 95.30. I remind y'all the dollar's position is precarious, but not fatal until it falls through 92.50 support. Till then, the jury is still out on whether the buck can resume its rally. 

Euro's chart doesn't particularly inspire me, either. It jumped up on the dollar's bad luck, but traded back down into a gap and now shows all the energy of a dead pig in the sunshine. Down 0.26% today to $1.1241. 

Y'all really are watching an "historical" event, namely, the dissolution of Europe and a 2000 year old civilization. Better the Holy Roman Empire by far than this chiseling, whining, self-indulgent & self-deceived indecision. 

Japan is in the same boat with Europe, a demographic nightmare where shortly their aging population will be spending more for adult diapers than they do for food. Yen today lost 0.36% to 89.32. Consolidation area is either a top or breath-catching for another run higher. 

Stocks wanted to fall today, and by 11:00 were down 50 points. Friends came in about then and bid the Dow up to close at 17,623.87, up 21.57 or 0.12%. S&P rose a magnificent 2.02 (0.1%) to 2,051.60. Cheering was muted. 

One thing y'all had better never forget about human nature is that everybody would rather hear a comfortable lie than an uncomfortable truth. Deceive me, but don't disturb me. That's why markets and civilizations fall over cliffs. Right now the stock markets are believing what they want, namely that central banks will keep the liquor -- cheap new money -- flowing so the party can rock on. They don't realize that the band has died. All the same, Dow has risen for seven of the last seven days. Both major indices stand above their 200 day moving averages. In the end, stupid is incredibly long-lived, although eventually reality catches up with it. 

Dow in gold has crossed its 50 day moving average, which is a likely target for a turnaround. Dow in silver is jiggling around that 50 DMA, too, but seems more likely to reach its 200 DMA before it turns around. 

Gold dropped back $10 (0.8%) to $1,243.80 on Comex. Silver gainsaid, rising 3.5 (0.22%) to 1584.1¢. 

The ratio has fallen from a high (on this End of Day Chart) of 84.38 down to 78.51 today. More important, it has fallen to its bottom channel line. If it hits that line, it must either punch through or react back toward the upper boundary, as it has since last October. 

What would a punch through need? Runaway SILVER PRICE over 1625¢ & pounding leather for 1800¢. Maybe, but oftentimes during gold & silver rallies, silver outperforms toward the END, not the beginning, of a rally. So its present location near that bottom range boundary looks more like and end than a beginning.

A reversal upward would need only a GOLD PRICE  correction, which seems to be taking place. Silver often rises faster than gold, but almost always falls faster. Faster falling silver would raise the Gold/Silver Ratio. (It's a fraction, folks.) 

Then we've got silver, still paying out that bowl formation. 

Yep, the chart is messy because all this action is messy. I keep thinking silver will drop once more to complete the right shoulder of an upside-down head & shoulders bottom. Right now it is caught between the extended rising edge of that bowl and 1600¢ resistance (Neckline?) it cannot penetrate. Something will give, & it looks like it will be silver on this first try. 

This is a dangerous game. I cheerfully admit that if silver does burst through 1600¢ it would run to 1830¢ or so. Still, it think silver must see that correction first, to purge the optimism and ready itself for another rally. 

Today gold closed below its 20 day moving average -- not much, but it's a break. Panic would follow a close below $1,225. RSI is pointing down, along with volume, the MACD, Rate of Change. Commitments of Traders remain bearish. Not much positive to point to. Needs a correction. Any close above $1,290 would knock all that in the head and send gold shooting for $1,310. 

This is Holy Week. I will not send out a commentary on Good Friday.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 2016, 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.  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.

Gold Price Closed at 1,253.80 Down $10.70 or -0.85%

	11-Mar-16	18-Mar-16	Change	% Change
Silver, cents/oz.	1,560.70	1,580.60	19.90	1.3
Gold, dollars/oz.	1,258.70	1,253.80	-4.90	-0.4
Gold/silver ratio	80.650	79.324	-1.325	-1.6
Silver/gold ratio	0.0124	0.0126	0.0002	1.7
Dow in Gold Dollars (DIG$)	282.70	290.22	7.52	2.7
Dow in gold ounces	13.68	14.04	0.36	2.7
Dow in Silver ounces	1,102.92	1,113.65	10.72	1.0
Dow Industrials	17,213.31	17,602.30	388.99	2.3
S&P500	2,022.19	2,049.58	27.39	1.4
US dollar index	96.23	95.12	-1.11	-1.2
Platinum	969.20	970.00	0.80	0.1
Palladium	580.45	589.60	9.15	1.6

No matter how fiercely the socialist public believes there is such a thing as a free lunch, there isn't. Markets don't work that way, either. Everybody can't win ALL the time. In the last week commodities have won, stocks have won, & gold and silver have won. Ain't gonna last. Only the US dollar index lost big this week, thanks to the Fed "stabilizing" the economy. Jes' like me "stabilizing" your chickenhouse with dynamite. 

The US dollar added yet another waterfall & failure to its chart this week. Last week the ECB's announcement pounded the buck, this week the Fed's. What's a scrofulous currency to do? 

After cascades in December, February, and two in the last fortnight, dollar index is looking like high quality merchandise from the Soviet Union. It broke 95.30 support, but caught today at an internal downtrend line reaching back to the March 2015 top. Look here, http://schrts.co/Bjf68H 

Should the dollar break that trendline's support, next stop will be 92.50. That is the make-or-break dollar support. Fracture that & it freefalls to 81. However, it hasn't broken that level yet. 

Dollar bounced today 32 basis points (0.34%) to 95.12, &still looks firehose-pukin' sick. I take it as a measure of central banks' rapidly shrinking credibility, worldwide. 

Euro fell in a mirror image of the dollar's rise, down 0.39% to $1.1271. Is it rallying? Shucks, CAN the euro rally? Yen lost 0.15% to 89.64. Pushing on the ceiling. Can it break through to the attic? 

Lookit, lookit. Stocks have actually risen into positive territory for the year. Dow is up 177.27 (1%) over the 31 Dec 2015 close and the S&P500 is a massive 5.64 (0.3%) higher. My land a' Goshen! Anybody CAN become president! 

Today the Dow climbed 120.81 (0.69) to 17,602.30 & the S&P500 clambered up behind it 8.99 (0.44%) to 2,049.58. 

Let us now ponder the Volatility Index ($VIX). This measures complacency (low readings) & terror (high readings) in the stock market. Here's a chart, http://schrts.co/fBq0hr When investors waxed fat, dumb, & happy back in April - August 2015, the VIX was bumping along around 11.70. Observe, though, how it shot up WAAY over 30 (high side of the range) to 53.29 back in August when stocks hit the skids. Line it up with the plot of the S&P500 in the bottom window. Then stocks rallied & investors again forgot that stocks go both up AND down. First of November VIX hit 12.80, & thereafter began the S&P500 to slide. Smugness reached another extreme toward end-December, right as stocks began a terrible six week dive. 

BEHOLD! Complacency hath returned. VIX hit 14.02 today, lower than December's low. Yes, the VIX can drop more, but experience saith stocks' rally draweth soon to a close. 

Also, the Dow in Gold & Dow in Silver may have finished their upward corrections, which also points to stocks' rise ending. By the way, for the year the Dow in Gold has lost 14.6% and the Dow in Silver 12%, so take those new stock highs for the year with a shaker of salt. Stocks are NOT at new yearly highs againt metals. 

Recall that last fall I mentioned that sometime during 2016, probably first half, commodities would begin turning up after eight years' of falling. Something like that turn-up is unfolding, but may stumble before it finds permanent footing. West Texas Intermediate Crude has been climbing along with stocks since the February low at $26.05. Today it backed off a little but still closed 41.13, up 58% off the low. Copper has rallied from $1.937 to $2.286, up 18%. CRB commodity index gapped up this week, but that might be an exhaustion gap. Oil & Copper are both about to hit their 200 day moving average, a fit location for a fall & correction. 

The SILVER PRICE today lost 1.35% or 21.6¢ to close Comex at 1580.6¢. Gold backed down $10.70 (0.85%) ending at $1,253.80. Silver made a new intraday high for the move at 1617¢, but held not on. Never a good sign.

Pause to ponder the gold/silver ratio. Silver often finds its juice toward the end of a rally. This week it has traded down toward the bottom boundary of its uptrending channel. Look here, http://schrts.co/kh9gOy The falling ratio (silver outperforming gold) is consistent with the latter stages of a rally. 

I feel goofy fighting a silver & gold rally, but can't help myself. From a longer term perspective I remain confident that both metals completed their post-2011 correction in December. The GOLD PRICE  has broken out to the upside on both weekly & monthly charts. Silver has broken out on the weekly chart and is challenging the long term downtrend line on the monthly & daily. I don't question both have turned up for the next phase of their bull markets that began in 1999 and 2001. 

But right now they have reached levels where they need a rest. Gold has traced out a bear flag, http://schrts.co/pI1ZgR Volume is declining, RSI is falling, Rate of change is shrinking. In other words, its painting a picture of your car coughing & sputtering & bucking as it runs out of gas. 

Silver looks strong as a horseradish martini, but the 10 month chart is BEGGING for a right shoulder. Nonetheless, silver is knocking at the door of 1600¢ resistance, and its downtrend line from April 2011. Should it break down that gate, it will run, run, run. http://schrts.co/3XPPHS 

No, I am not blowing hot and cold out of both sides of my mouth, like the fellow who threw himself on the mercy of the court after he killed his parents -- because he was an orphan. I expect a correction to materialize soon in silver & gold. Y'all will know I'm wrong as a woman wearing white shoes after Labor Day IF gold closes above $1,287 and silver above 1624¢ -- together. 

I wonder if any of you Canadian readers would be kind enough to recommend a reliable silver & gold dealer in Canada? I am often asked, but know no one in particular I can trust. 

Once again, thanks for your prayers on my wife Susan's behalf. When I ask her now how her eye is faring, she shoots back, "Fabulous!" 

Y'all enjoy your weekend.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 2016, 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.  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.

Gold Price Rose 2.86% and the Silver Price Rose 5.31%

17-Mar-16	Price	Change	% Change
Gold Price, $/oz	1,264.50	35.20	2.86%
Silver Price, $/oz	16.02	0.81	5.31%
Gold/Silver Ratio	78.923	-1.878	-2.32%
Silver/Gold Ratio	0.0127	0.0003	2.38%
Platinum	988.60	30.40	3.17%
Palladium	597.35	20.15	3.49%
S&P 500	2,040.59	13.37	0.66%
Dow	17,471.49	155.73	0.90%
Dow in GOLD $s	285.62	-5.56	-1.91%
Dow in GOLD oz	13.82	-0.27	-1.91%
Dow in SILVER oz	1,090.47	-47.68	-4.19%
US Dollar Index	94.68	-1.12	-1.17%

I find myself in the lunatic position of fighting a silver & gold rally. I think I've slipped through the looking glass or down the rabbit hole. It's nutty.

Prime mover today was the US dollar index that fell over a cliff: down 112 basis points or 1.17% -- 2.05% in the last two days. I offer the chart in evidence, http://schrts.co/smGchO

I have marked with blue arrows the cascades since December. 2 - 3 December, -2.4%; 29 January- 3 Feb, -3.2%; 9-10 March, -1.07%, and now, 16-17 March, - 2.05%. Of course, currencies are always treacherous because central banks manipulate currencies for political reasons you can't see, and they often co-ordinate their manipulations. Wherefore, looking at a currency chart is, well, only worth what it's worth. 

That said, the dollar is painting a picture of weakness. It peaked in March 2015, corrected after an 8 month rally, then in October 2015 broke out of the downtrend. Great, but it reached the March high (100.02) & fainted -- first cascade. Caught & got enough traction for another little rise, but failed again near 100 -- second cascade. Third cascade was the ECB debacle last week, then the Fed's bumbling this week brought the fourth.

Dollar has now sunk below 95.30 support, and if it falls lower will pierce that internal support from the old triangle (blue line). That will make the dollar look even weaker. If it breaks support at 92.50, the dollar will be through rallying for a long, long time and steering back to 81 where it broke out in July 2014.

Y'all have already figured out that the euro, which is 57% of the US dollar index, jumped way higher today, up 0.84% to $1.1315. Yen leapt even more, +1.23% to 89.79¢/¥100.

Don't miss this: dollar is the bottom part of a fraction of which the top part is all commodities & stocks. Wherefore it is a mathematical certainty that when the dollar shrinks, commodities & stocks bloat, & that includes silver & gold. We know we are watching might in metals when they gain against a RISING dollar. When they gain against a falling dollar, it may be metals strength but is more likely dollar puniness. Not the same thing at all.

Dow Industrials bumped up 155.73 (0.9%) to 17,481.49. S&P500 lifted 13.37 (0.66%) to 2040.59. Thanks to aftermarket gold weakness, Dow in gold rose 1.26% to 13.89 oz. Thanks to wild silver strength today (up 5.3%), Dow in Silver fell 11.09 oz (1%) to 1,097.05 oz.

Metals went wild as a razorback hog today. Comex gold bounded $35.20 (2.9%) to $1,264.50. Silver pole-vaulted 80.8¢ (5.3%) to 1602.2¢. Platinum gained $20.15 (3.1%) to $988.60, and palladium sprang $20.15 (3.5%) to $597.35.

Gold/Silver ratio -- look at this, now -- has dropped below 80 to 78.923. And it's treading water underneath the 20 (81.24) and 50 (79.45) day moving averages. In other words, doing just what it ought to do in a gold-silver rally, dropping. Probably time still to swap gold for silver, but you won't realize quite as many silver ounces as you would have a few days ago.

So far in this rally that began in December, gold's high close struck $1,273.10. Today's Comex close reached only to $1,264.50, then aftermarket gold fell $7.40 to $1,257.10. Yes, yes, it is thrilling when gold runs wild, gains $35.20, but on a chart it just don't look that impressive, and it ain't a breakout. http://schrts.co/pI1ZgR

However, that retreat on 14, 15, & 16 March is beginning to look like a false breakdown. My mind's wondering, How will gold finish the week tomorrow? Will it hold on up here, or fall back? On the End of Day chart, MACD & RSI still point down, and Commitments of Traders reports remain grisly bearish. 

Nevertheless, the proverbs say, "Bull markets always climb a wall of worry," and "In bull markets, surprises come to the Upside."

Yes, silver poked through 1600¢ today, but barely. Only reached 1608¢. Close, but this ain't hand grenades. One more day of higher closes and I will break & throw in the correction towel, but till silver SUBSTANTIALLY beats 1600¢, I'm standing back. I'm taking a whipping with a weedeater on my bare back, but I'm standing back. 

On this day in 432 a.d. Patrick was captured by Irish pirates in a raid on his home in Great Britain and taken to Ireland & sold as a slave.

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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 2016, 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.  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.

Silver and Gold Prices Both Shot Straight Up

World's largest re-insurer Munich Re announced today in Munich that it is boosting its gold and cash reserves rather than suffer punishing negative interest rates from the European Central bank. It is trying to counteract the near zero or negative interest rates that reduce income needed to pay out claims.  Munich Re has already held gold for some time and lately added cash in the "two-digit million euros."  Whoa.  Think about that, this gigantic organization holding cash currency.   And gold.

Harbinger of things to come?  Whoops.  Central banks' traps aren't working
too well, are they?

TODAY'S MARKETS:

The Tennessee proverb says, "He who lives by his big mouth, dies by his big mouth."
From July 2014 forward the Fed has floated the US dollar on a rising cloud
of gassy hot air:  bluster, jawboning, threatening, yakking.  Then the mountain
gave birth to -- a mouse.  A 1/4 point interest rate rise last December that
nearabout wrecked world stock markets.

That's the thing about threatening:  don't work long term.  Ever notice
that those parents who keep on saying, "Now, Bobby, don't do that or I'm
going to have to give you a whippin'" and keep on saying without ever
acting have the children from hell?  Little Bobby knows they're bluffing.
Now the world knows that Janet Yellen & her miscreant academic trolls
have been bluffing all the time.  Now the dollar will die by their big mouth.
   
Today the US dollar lost 74 basis points to end at 95.93, down 0.77%.
Great job, Janet.
   
US dollar chart makes me grimace in pain just to look at it.  http://schrts.co/OkJ5UT
Look at those three huge perpendicular slides (blue arrows).  Those depict
days where buyers withdraw their bid and sellers panic through the exit.
Behold, now the dollar has come to critical 92.50 support,  Nice Government Men
must be sweating bullets and spitting iron filings.  Of course, this doesn’t hurt
gold and silver at all.
   
Currency traders must be puking in wastebaskets all over the globe, just
before they run out a window or look for a new line of work.  Euro rose 1.14% to $1.1235
& Yen jumped 0.6% to 88.90.  Central banks sure do stabilize markets, don't they?
   
The Fed left interest rates untouched and said it should raise rates 0.5%
by the end of the year -- in other words, more of the someday, sometime, we threaten.
   
Who knows what and why stock investors are thinking?  Evidently, for the moment,
until tomorrow morning's open, they took that as positive.  Dow climbed to 17,325.76, up 74.23 (0.43%), its highest close this year.  S&P500 rose 11.39 (0.56%) to 2,027.22.  This is about as
good as it gets, so 'twould be a fine time for a correction to begin.
   
Dow in Gold rose yesterday nearly to the 50 day moving average, then
fell back today.  Ended at 13.72 oz (G$283.87 gold dollars).  Also looks like
a good time to change direction and resume the downtrend.
     
Relatively weaker than gold, silver let the Dow in Silver nearly reach the
200 DMA on 1 March, but sank and today sank back through the 50 DMA.  http://schrts.co/ohwLZP
Stocks would have to stage a manic rally to take the Dow in Silver much higher,
or silver would have to sink mightily.
     
Comex closes before the FOMC announcements, so a deathly hush still
reigned when they closed at 1:30 p.m.  Gold lost $1.10 to $1,229.30 & silver
gave back 4.1¢ to 1521.4¢.
   
Then Old Yellen spouted off at 2:00 sharp.
US dollar began to sink immediately, like a cast iron canoe full of lead washers.
Silver & gold both shot straight up.  Gold rose to $31.30 (2.5%) above yesterday's
close and silver rose to 34¢ (2.6%) over yesterday at 1564.5¢.
   
In the same way I wasn't too hot to proclaim a gold rally after the ECB
slammed the dollar last week, so this week when the Fed slams
the dollar I am not burning to announce another rally.
   
That doesn't make me right, but it does keep me from making too many
mistakes on a day when central banks, a force external to markets, stir up turmoil.
If gold had closed above the last high, I would think differently, but for now
I'll wait and see.  Danger of a correction has not vanished, & indicators
point down.
   
Silver could easily visit its 200 DMA, not at 1494¢.  Gold might drop as
far as its 50 DMA, now $1,177.14.
   
I would abandon this correction notion and do an about face on a dime
if gold closed above $1,287.80 and silver closed higher than 1624¢.  If I saw
that I'd be buying with both hands and my toes.
   
I have to drive over to Chattanooga tomorrow, and probably won't get
home in time to send y'all a commentary.  God willing, I'll send one on Friday.
     
Tennessee is crazy:  it charges sales tax on constitutional gold & silver money.
I know, I've been through the wringer fighting it.  After four years trying,
a bill to remove the tax has finally gotten out of subcommittee to the
Senate Finance, Ways & Means Committee.  If you live in Tennessee, do yourself
a favor and contact the members of the Senate Finance Committee, listed here http://1.usa.gov/1XvmjcO
   
Time's a-wastin'!  Bill will be heard next week.  Email ONLY ONE MEMBER AT
A TIME (otherwise emails are automatically deleted as spam), but you can use the
same message.  You can also call their offices.  Here's the bill, http://1.usa.gov/1Ugb4GV
   
Here are talking points:

     1.  The bill really won't cost the state anything because investors now just
buy out of state and avoid the tax.  Removing the tax would steer that business
to Tennessee seller.
     2.  32 other states have already removed the sales tax on silver & gold.
Tennessee needs to stay competitive.
     3.  (optional) The tax is unconstitutionally applied to silver & gold money in any event.

     Thanks.


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

- Franklin Sanders, The Moneychanger
The-MoneyChanger.com

© 2016, 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.  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.