• If the Gold Price Closes Higher Tomorrow Stop Waiting and Buy

      0 comments

    Gold Price Close Today : 1717.50
    Change : 7.00 or 0.41%

    Silver Price Close Today : 32.288
    Change : 0.500 or 1.57%

    Gold Silver Ratio Today : 53.193
    Change : -0.616 or -1.15%

    Silver Gold Ratio Today : 0.01880
    Change : 0.000215 or 1.16%

    Platinum Price Close Today : 1576.00
    Change : 23.40 or 1.51%

    Palladium Price Close Today : 609.00
    Change : 13.65 or 2.29%

    S&P 500 : 1,412.16
    Change : 0.22 or 0.02%

    Dow In GOLD$ : $157.63
    Change : $ (0.76) or -0.48%

    Dow in GOLD oz : 7.625
    Change : -0.037 or -0.48%

    Dow in SILVER oz : 405.61
    Change : -6.72 or -1.63%

    Dow Industrial : 13,096.46
    Change : -10.75 or -0.08%

    US Dollar Index : 79.91
    Change : 0.021 or 0.03%

    Look at the GOLD PRICE and silver price charts and report honestly what you see there: a breakout. Yes, a one-day breakout only. Yes, through the downtrend line only and not above lateral support, but it’s plain as a wart on your nose.

    The SILVER PRICE gobbled up 50 cents to close at 3228.8c, well above that 3200c blockade. Needs now to confirm the upturn by closing higher than 3250c.

    The GOLD PRICE pulled in $7 to close at $1,717.50. Now it needs to confirm with a close above $1,725.

    If we get the second day’s close tomorrow above today’s closes, the case is pretty well made that the correction has ended. Translation: if they close higher tomorrow, STOP WAITING and BUY.

    One of the highest hurdles trying to read charts is to believe what your eyes see, instead of what your mind wants to see. Today I will ruthlessly talk about what I see.

    The dollar index since mid-September has left behind a series of slightly higher lows and higher highs. Looks sloppy, and has been blocked by the 200 day moving average (80.63), but still looks like a market that is turning up. MACD indicator says the same, and it stands above its 20 DMA (79.72). Today it backed off 2.1 basis points to 79.906, but remains above 79.90 and the 20 DMA.

    It would be an arrogant error to write the dollar off unless it closes below the last low at 78.93. Most likely next move is up, not down.

    Euro is vibrating like a tuning fork but with less purpose and meaning. 20 DMA is $1.2977, and it buzzed back and forth across that line today but closed beneath it at $1.2958, although it rose 0.15%. Trend is down, if you believe the momentum indicators and chart.

    Yen lost another 0.2% today to 125.31 cents and stands below its 200 DMA (125.95c). I wouldn’t trade that nasty thing with your money. Locked in a downtrend.

    Today’s score: US$1 = Y79.80 = E0.7717.

    Stocks looked sorry as gully dirt today. Every index except the S&P500 and Russell 2000 fell, and those two didn’t rise enough to talk about.

    S&P500 rose 0.22 (0.2%) to 1,412.16. Dow fell 10.75 (0.08%) to 13,096.46. Day’s trading for both was weak as the Democratic Party Platform or Republican pacificism. Started the day off with a little rise, fell below unchanged by 11:00, then struggled underwater until day’s end. Not the sort of result that builds confidence.

    Look at that chart and admit what you see. Since September the Dow has rolled over, broken support of the rising wedge, traded up for the kiss good-bye, fallen off a cliff in what looks like a 3-wave, and is fixing to break down through its 200 DMA (12,979). Momentum indicators point straight down as a well pipe. Weeping, wailing, and gnashing of teeth in store here.

    I’m sorry but I will not be sending a commentary tomorrow (Thursday) or Friday, because I will be in Colorado attending my daughter-in-law’s funeral. God willing I’ll return on Monday, 5 November.

    Argentum et aurum comparenda sunt — — Gold and silver must be bought.

    – Franklin Sanders, The Moneychanger
    The-MoneyChanger.com
    1-888-218-9226
    10:00am-5:00pm CST, Monday-Friday

    © 2012, 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 $195.66; stocks’ primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or 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. No, I don’t.

  • Insider Gold Selling Secrets

      0 comments

    A few gold bullion products I can recommend:

    Insider Gold Selling Secrets
    What’s Hotter Than Gold Right Now!? This Ebook Is Packed Full Of Information To Teach People How To Sell Their Gold (scrap, Bullion, Jewelry, Etc.) Quickly And Easily For 90%+ Of It’s Current Market Value! Avoid Being Ripped Off By Shady Gold Buyers!
    Insider Gold Selling Secrets

    Scrap Gold Secrets E-book (uk Product) Updated For 2012
    Earn A Second Income Dealing In Scrap Gold & Gold Coins – This E-book Has Been Developed For The UK Market – It Shows Where To Buy And Sell Scrap Gold, What To Look For And What To Avoid. Can Be Sold As A Business Opportunity Or As A Guide.
    Scrap Gold Secrets E-book (uk Product) Updated For 2012

  • Pamp Suisse .999 Fine Gold Bar, 5 grams (with Assay Card)

      0 comments
  • The Gold Price Must Close Above $1,725 to Confirm a Change Upward New York Markets Still Closed

      0 comments

    Gold Price Close Today : 1710.50
    Change : 2.80 or 0.16%

    Silver Price Close Today : 31.788
    Change : 0.062 or 0.20%

    Gold Silver Ratio Today : 53.810
    Change : -0.017 or -0.03%

    Silver Gold Ratio Today : 0.01858
    Change : 0.000006 or 0.03%

    Platinum Price Close Today : 1552.60
    Change : 19.70 or 1.29%

    Palladium Price Close Today : 595.35
    Change : 6.40 or 1.09%

    S&P 500 : 1,411.94
    Change : -1.03 or -0.07%

    Dow In GOLD$ : $158.40
    Change : $ (0.20) or -0.13%

    Dow in GOLD oz : 7.663
    Change : -0.010 or -0.13%

    Dow in SILVER oz : 412.33
    Change : -0.69 or -0.17%

    Dow Industrial : 13,107.21
    Change : 3.53 or 0.03%

    US Dollar Index : 79.94
    Change : -0.292 or -0.36%

    Also, in case some of y’all record prices, they changed yesterday’s settlements to GOLD PRICE down $3.20 at $1,707.70; silver down 28.4c at 3172.6c; platinum down 12.40 at $1,532.90, and palladium down $7.45 to $588.95. Remember, those are YESTERDAY’S closes.

    Yet again today Hurricane Sandy closed down New York markets, first time that’s happened since the 1888 blizzard. Yet the CME Globex computerized market is running, but trading has been light. Stock markets remained closed.

    So what little drop of information can we squeeze out of today’s trading? The SILVER PRICE rose 6.2 cents to 3178.8c while the GOLD PRICE rose $2.80 to $1,710.50. Platinum had a good day, rising $19.70 to $1,552.60. Palladium was pretty peppy, too, up $6.40 to $595.35.

    This offers the appearance that it’s the shorts who got flooded out. After all, when SOMEbody was taken out of the game, prices rose. Now I wouldn’t swing over hell using THAT for a rope, but it’s a plausible guess.

    Range on the SILVER PRICE today was 3165 to 3212.4c, and that range has widened out (gone higher) since the afternoon Globex market opened. The GOLD PRICE is down $1.50, after a squeenchy daily range of $1,715 – $1,708.25. US dollar index today lost its grip above 80 and fell 29.2 basis points (0.38) to 79.939. No certain signal there yet.

    Here’s another little hint of strength in the market: the premiums on US 90% silver coin and Krugerrands have risen. Usually that presages higher prices.

    Here are the bounds silver and gold face. Gold must close above $1,725, really $1,730 to confirm a change to upward. Silver needs to close above 3250c.

    Underneath gold will signal lower prices by closing below $1,790. Silver below 3100c will beg for lower prices.

    In truth, though, these partly open markets don’t tell us much at all. Let’s wait until they open fully and see what happens. By the way, gold above $1,725 would persuade me to buy.

    Many of you sent condolences on the death of my daughter-in-law, and I deeply appreciate your generous sympathy and your prayers. Thank you. We have to fly to Colorado Thursday for the Saturday funeral, so I will not publish commentaries on those days. God willing, I will return on Monday, 5 November.

    Argentum et aurum comparenda sunt — — Gold and silver must be bought.

    – Franklin Sanders, The Moneychanger
    The-MoneyChanger.com
    1-888-218-9226
    10:00am-5:00pm CST, Monday-Friday

    © 2012, 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 $195.66; stocks’ primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or 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. No, I don’t.

  • The Gold Price Might Head Lower but Hurricane Sandy Has Closed Markets Reopening Wednesday

      0 comments

    Gold Price Close Today : 1711.80
    Change : 0.90 or 0.05%

    Silver Price Close Today : 0.319
    Change : -0.135 or -29.75%

    Gold Silver Ratio Today : 5370.353
    Change : 1599.774 or 42.43%

    Silver Gold Ratio Today : 0.00019
    Change : -0.000079 or -29.79%

    Platinum Price Close Today : 1536.80
    Change : -7.50 or -0.49%

    Palladium Price Close Today : 591.70
    Change : -3.90 or -0.65%

    S&P 500 : 1,411.94
    Change : -1.03 or -0.07%

    Dow In GOLD$ : $158.28
    Change : $ -0.02 or -0.02%

    Dow in GOLD oz : 7.657
    Change : -0.001 or -0.02%

    Dow in SILVER oz : 41,120.66
    Change : 12,242.03 or 42.39%

    Dow Industrial : 13,107.21
    Change : 3.53 or 0.03%

    US Dollar Index : 80.23
    Change : 0.146 or 0.18%

    Hurricane Sandy closed down things in New York, so the prices you see below for stocks are from Friday. They settled the Comex by averaging the prices from 9:14 a.m. through 9:15 a.m., so the GOLD PRICE and SILVER PRICE don’t represent anything really. Current prices are based on worldwide prices.

    However, the dollar index rose today to 80.231, up 14.9 basis points. If it continues in that direction, we might yet see lower lows in the silver and GOLD PRICE. I will go ahead and buy at $1,690-ish, using that as a trigger to buy both silver and gold. Only reason I would not do that is if they were just waterfalling lower instead of inching down. If they did that, I’d just step back and wait to see where they settle.

    Markets are supposed to be closed again tomorrow, so it will be Wednesday before we have a clue about further direction. Pray for those poor people in the path of the storm.

    I have five sons and two daughters. Over the weekend the wife of the son who lives in Colorado died in a single car accident. She was 36. I would deeply appreciate your prayers for him and my family. We do not yet know when the funeral will take place between this week and next, but I want to let y’all know that here sometime soon I will be away for a few days.

    Lord have mercy on us. Christ have mercy on us. Lord have mercy on us.

    Argentum et aurum comparenda sunt — — Gold and silver must be bought.

    – Franklin Sanders, The Moneychanger
    The-MoneyChanger.com
    1-888-218-9226
    10:00am-5:00pm CST, Monday-Friday

    © 2012, 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 $195.66; stocks’ primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or 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. No, I don’t.