• Today the Gold Price Gained an Astonishing $19.90 with Gold Reaching $2,300 and Silver $51 in 2013

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    Gold Price Close Today : 1,674.80
    Gold Price Close 3-Jan-12 : 1,599.70
    Change : 75.10 or 4.7%

    Silver Price Close Today : 3017.3
    Silver Price Close 3-Jan-12 : 2953.3
    Change : 64.00 or 2.2%

    Gold Silver Ratio Today : 55.507
    Gold Silver Ratio 3-Jan-12 : 54.167
    Change : 1.34 or 2.5%

    Silver Gold Ratio : 0.01802
    Silver Gold Ratio 3-Jan-12 : 0.01846
    Change : -0.00045 or -2.4%

    Dow in Gold Dollars : $ 161.74
    Dow in Gold Dollars 3-Jan-12 : $ 160.20
    Change : $1.54 or 1.0%

    Dow in Gold Ounces : 7.824
    Dow in Gold Ounces 3-Jan-12 : 7.750
    Change : 0.07 or 1.0%

    Dow in Silver Ounces : 434.30
    Dow in Silver Ounces 3-Jan-12 : 419.78
    Change : 14.52 or 3.5%

    Dow Industrial : 13,104.14
    Dow Industrial 3-Jan-12 : 12,397.38
    Change : 706.76 or 5.7%

    S&P 500 : 1,426.19
    S&P 500 3-Jan-12 : 1,277.06
    Change : 149.13 or 11.7%

    US Dollar Index : 79.777
    US Dollar Index 3-Jan-12 : 79.620
    Change : 0.157 or 0.2%

    Platinum Price Close Today : 1,538.70
    Platinum Price Close 3-Jan-12 : 1,435.00
    Change : 103.70 or 7.2%

    Palladium Price Close Today : 702.65
    Palladium Price Close 3-Jan-12 : 667.25
    Change : 35.40 or 5.3%

    The GOLD PRICE probably made its ultimate low for this move on December 20 with a low at $1,636.00, silver the same day with a 2964c low. But we’ll see. Rest of the year should prove spectacular for silver and gold, with gold reaching $2,300 by June and silver $51 or higher.

    Long term situation is this: from 2008 through April and August 2011 silver and gold rallied, from 880 cents to 4850c and from $705 to $1,880. After a rally that long, a correction follows, so do go wringing out your hankies on me. It’s nature. Both the SILVER PRICE and GOLD PRICE broke through the downtrend lines from those 2011 highs in August 2012, and rallied to 3450c and $1,800, then — no surprise, folks — corrected. It now appears they corrected almost al the way back to those downtrend lines for a Final Kiss Good-Bye, with no intention of coming back.

    But don’t pay no ‘tention to me! I’m just a natural born fool from Tennessee who didn’t know no more in 2001 than to trade them good Wall Street stocks for that ol’ silver and gold. What do you expect from a fool like that?

    The silver and GOLD PRICE could make one deeper strike down, but daily that grows less likely. If so, bottoms are 2900c and $1,620 or so.

    Today gold gained an astonishing $19.90 to close at $1,674.80, above the November low close but not quite to the December low at $1,684.20. Also closed above the 200 ($1,662.70) and 150 ($1,6783.71) day moving averages. Good, good, good. First tripwire of an upmove, the 20 DMA stands only about $10 above at $1,685.80.

    We may have seen the bottom. Regardless, I’m buying. I’ll take some chance.

    The SILVER PRICE today gained 25.3 cents to 3017.3c, not as enthusiastic as gold. Gold was very perky, silver just dragged along.

    That’s okay. Silver often lags as rallies begin. Silver stands below its 200 DMA (3075c) and 150 DMA (3075C), but the big barrier now is first 3100c and then 3200c. Needs to punch through those to make itself respected.

    Whether we have already seen the lows for this silver and gold correction or not, by mid-January they should be behind us. A very fast rise will signal no more downside coming any time soon.

    It’s time to buy more silver and gold. The monetary and economic problems that are driving monetary demand into silver and gold have not been cured, not lessened, and will return with a vengeance to drive them much, much higher. Don’t get stuck holding stocks or dollars — or euros or yen, for that matter.

    I’m not too high on these year-end comparisons, since I am cynical enough to believe (from past evidence) that the Nice Government Men manipulate these figures to create a Potemkin economic performance. Yet some crave them, so I basely comply, slave to the public mood that I am.

    For the year, the Dow appeared to do very well, up 5.7% and the S&P500 up 11.7%. Appeared, that is, to do well until you remember than valued against gold, the Dow gained only 1% and against silver only 3.5%. And you remember that silver and gold spent most of the year correcting a preceding THREE YEAR rise. Whoops — tacky of me to mention that, wasn’t it?

    Big gainers among the metals, thanks to strikes in supply-rich Africa, were Platinum (up 7.2%) and palladium (up 5.3%). Both are just too quirky for me to parse.

    But how about that US dollar index, Currency Fans? Stayed within 0.2% of where it began the year. Oh, yeah, that’s a “natural” market. Naw, no NGM fiddling around in THAT market, no, sir!

    What about next year?

    Big open garbage can in the living room is the bond market, where the Fed hath so long suppressed interest rates. One day bond buyers will catch on that the Fed can only suppress rates by printing money, and the Fed’s bond bubble will burst and interest rates will scream like New Year’s rockets to the sky. Good chance that will happen next year.

    Fed is busy buying maggoty Mortgage Backed Securities from the banks trying to clean up their balance sheets, but there are more corpses in those closets than in Fibber McGee’s. Same holds for European banks, only worse. And don’t even talk about Japanese banks. So we’re beginning the year carrying the same slimy load of bad banks we carried into last year.

    Fiscal cliff? Well, Quarterback O’Bama slammed down the football, but unfortunately he was still a few yards shy of the goal line. ‘Twill turn out no more than a mouse-burp. Federal government will keep spending and borrowing, and Fed will keep monetizing the debt. They can do no other, they are made to do that. They inflate, or die. Course, in the end they will inflate AND die, but as long as that comes “tomorrow,” who cares?

    US dollar index has range-traded since 2008 between 71.33 and 89.11, more narrowly (last half 2010 – 2012) 84 – 72.7. Long term the trend is down, but clearly the Fed is trying to maintain a range with the yen and euro of about US$1=Y85=E0.85 to US$1=Y74=E0.74 (or think of it as Y74 on the low side and Y135 on the high side, or E118 low and E135 high). As long as they depreciate in unison, no destructive competitive devaluation takes place. And make no mistakes, central banks work together as closely as pickpockets at a Yankees ball game, and for the same reason.

    US$=Y86.75=E0.7578=0.033 142 oz Ag=0.000 597 oz Au.

    Euro may rise as high as $1.3500 early in the year, before the corpses come floating to the top of the pond again. Closed today $1.3196, down 0.17%.

    Japanese politicians have run their “depreciate the yen” game about as far as the Fed and ECB can tolerate. Yen hit a new low for the move today at 115.28c/Y100 (US$1=Y86.75). That can’t last much longer, but it helps Japanese imports while it does. Of course, if Abe gets his way, the inflation will wreck the Japanese economy, already the most over-indebted of the three big ones.

    God bless y’all in 2013 and always!

    Y’all enjoy your weekend.

    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.

  • 2013 China Chinese Silver Panda 1 Oz .999 Fine Silver Coin

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  • Latest Gold Bar News

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    Gold And Silver To Join Stocks In Cliff Dive
    You can't buy a car from a dealership with a 10 ounce gold bar. Today gold and silver are not money. They are assets and commodities. While policymakers have enacted fiscal and monetary measures to combat a global recession that most agree began with …
    Read more on Seeking Alpha

    Packer-Vikes game should be a big bar draw
    There's also a good chance Joyal's Sunday regulars will be sharing their seats with a bunch of cheese-topped people dressed in green and gold. That's because the one thing standing between the Vikings and the playoffs, as well as Peterson and his …
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  • The Gold Price Traded in a Tight Range Closing Down 0.3 Percent at $1,654.90

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    Gold Price Close Today : 1,654.90
    Gold Price Close 21-Dec : 1,659.10
    Change : -4.20 or -0.3%

    Silver Price Close Today : 29.92
    Silver Price Close 21-Dec : 30.142
    Change : -0.222 or -0.7%

    Gold Silver Ratio Today : 55.311
    Gold Silver Ratio 21-Dec : 55.043
    Change : 0.27 or 0.5%

    Silver Gold Ratio : 0.01808
    Silver Gold Ratio 21-Dec : 0.01817
    Change : -0.00009 or -0.5%

    Dow in Gold Dollars : $ 161.61
    Dow in Gold Dollars 21-Dec : $ 164.35
    Change : -$2.74 or -1.7%

    Dow in Gold Ounces : 7.818
    Dow in Gold Ounces 21-Dec : 7.951
    Change : -0.13 or -1.7%

    Dow in Silver Ounces : 432.42
    Dow in Silver Ounces 21-Dec : 437.62
    Change : -5.20 or -1.2%

    Dow Industrial : 12,938.11
    Dow Industrial 21-Dec : 13,190.84
    Change : -252.73 or -1.9%

    S&P 500 : 1,402.43
    S&P 500 21-Dec : 1,430.15
    Change : -27.72 or -1.9%

    US Dollar Index : 79.663
    US Dollar Index 21-Dec : 79.569
    Change : 0.094 or 0.1%

    Platinum Price Close Today : 1,517.40
    Platinum Price Close 21-Dec : 1,536.90
    Change : -19.50 or -1.3%

    Palladium Price Close Today : 699.60
    Palladium Price Close 21-Dec : 681.80
    Change : 17.80 or 2.6%

    The silver and GOLD PRICE remain lethargic. Silver lost 26.4 cents today and closed Comex at 2992c. Gold mislaid $7.80 to end at $1,654.90.

    The GOLD PRICE range was tight, $1,662.60 to $1,651.10, but so ’twas the whole week. Stood rangebound by $1,667 and 1,650. Longer term chart makes me expect one final push down, but you’ll know I am wrong if gold closes above $1,684.10, the last low. One last push down might carry to $1,620 or even $1,610.

    The SILVER PRICE traded tightly today, too, from 3027.9c to 2987c. Week was bounded by 3040c and 2970c. Marking time, that’s all.

    Down below one last exhaustion selling spike down could carry silver to 2900c. It needs to close above 3100c to reverse.

    Keep your eyes on the horizon. Silver and gold remain I a bull market (primary long term trend). If they have not already bottomed, they should in January’s first two weeks. This is a time to BUY silver and gold, not panicking into selling them, and not a time to fret. Relax.

    Everything went down this week? Everything? Yes, everything. Stocks were the biggest losers, down 1.9%. Well, okay, Palladium didn’t fall. And the dollar was flat as a fritter. Otherwise the bleeding was general.

    A look at the US Dollar’s chart this week won’t send you away enlightened. It merely traded in a range between 79.8 and 79.35, with a leetle spike today to 79.90. Flat. However, the longer term trend remains down, so you can expect small things from the dollar.

    Euro remains above its downtrend line, but paralyzed and unable to advance. Not an encouraging sign, but the euro remains in an established uptrend, and a trend in force remains in force until violated. Closed $1.3218, down 0.18%

    The Yen, on the other hand, is plumbing the depths of a politically engineered drop over Niagara Falls. Rose today 0.21% to 116.39 cents per 100 yen. The yen at this depth must be making the Nice Government Men all over the world nervous, because it screams “Competitive devaluation!” something no central banker in his right mind wants to see start. After all, where is the honor among thieves?

    Stocks plunged deeply into trouble today. Somebody took a meat-ax to the Dow and chopped off 158.2 (1.21%), leaving it bleeding at 12,938.11, WAY below that 13,300 resistance above. Whoops. Did I mention that is also WAY below its 200 DMA at 13,015? Or its 50 DMA at 13,069? Or its 20 DMA at 13,140? No, I don’t think I did.

    Fix this in your mind: it is possible — barely — that a market in a primary down trend like stocks might, in the course of a rally, re-visit its 200 DMA and live to rally longer, it’s just not too likely. That 200 DMA, remember, is the watershed of a primary downtrend, which spends most of its life BELOW that 200 DMA. Dow has now cast a continuing rally into the drawer with all “less likely outcomes.”

    S&P did a little better. Misplaced 5.13 (0.61%) to close at 1,402.43. S&P500 has not fallen below its 200 DMA (1390) but is below its 20 and 50 DMA.

    More to the point are the charts of the Dow in Gold and S&P500 in gold. Both formed island reversal tops, both have fallen sharply down from that. Other indicators scream, “Expect lower prices!” Whatever they do in nominal dollar terms, from here stocks will lose lots of value against gold and silver.

    Y’all enjoy your weekend.

    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.

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