• Both the Silver and Gold Price Rose Today Gold Adding $38.40 Closing at $1,461.80

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    Gold Price Close Today : 1461.80
    Change : 38.40 or 2.70%

    Silver Price Close Today : 24.140
    Change : 1.307 or 5.72%

    Gold Silver Ratio Today : 60.555
    Change : -1.785 or -2.86%

    Silver Gold Ratio Today : 0.01651
    Change : 0.000473 or 2.95%

    Platinum Price Close Today : 1462.80
    Change : 33.00 or 2.31%

    Palladium Price Close Today : 680.20
    Change : 13.75 or 2.06%

    S&P 500 : 1,585.16
    Change : 6.37 or 0.40%

    Dow In GOLD$ : $207.89
    Change : $ 7.50 or 3.74%

    Dow in GOLD oz : 10.057
    Change : 0.363 or 3.74%

    Dow in SILVER oz : 608.98
    Change : -33.79 or -5.26%

    Dow Industrial : 14,700.80
    Change : 24.50 or 0.17%

    US Dollar Index : 82.76
    Change : 0.177 or 0.21%

    Both the silver and GOLD PRICE rose today, but silver with more gusto. Gold added $38.40 (2.7%) to $1,461.80 and silver rose 130.7 cents (5.7%) to 2414c.

    On the way down gold left an up glitch at $1,475-$1,490, and today’s high stopped at $1,467.88. Frankly, this is not much to go on for forecasting. Gold might rally all the way to $1,540, through its 20DMA (1,492.35) and still fall back to confirm its bottom, or fall lower. We can’t know until we see how it behaves at $1,500.

    This leaves me in a conundrum: buy some or wait. What if it DOESN’T come back? What if it keeps on rising through $1,540? Well, I reckon I’ll buy some then.

    The SILVER PRICE performance today lends more weight and credibility to both metals. MACDs for both have turned up, and they are moving in unison. GOLD/SILVER RATIO fell today to 60.555 from 62.340 yesterday, a huge 10.5%. More, silver broke above 2380c resistance.

    All this is positive, but I want more proof we won’t see one more plunge. Sorry — once burned, twice shy.

    Frankly, I don’t feel like saying a word today. I know y’all think of “equities” when I write “stock,” but I think first of “cattle, sheep, and pigs.” Some family dogs got into our sheep pasture last night and killed six sheep. Got caught at it, and so solved the mystery of what happened to the other six a few days ago. We lost sheep and family pets. Death in no way ever goes down easy. Never.

    TODAY’S MARKETS:

    Stocks rose a little today, but nothing to kiss Mama over. Dow added 24.50 (0.17%, get out your microscope) to close 14,700.80. S&P500 gained 6.37 (0.4%) to 1,585.16. Both markets remain above their 20 day moving averages, the S&P500 more enthusiastically. It has nearly reached its previous intraday high of 1,597.35. Dow remains a long ways from that 14,887.51 comparable high.

    Both silver and gold rose like maniacs today, so the Dow in Silver and Dow in Gold took another tumble. Dow/Silver lost 4.36% to close at 608.98 oz. (remember, when it falls it means silver is gaining value on stocks). Dow in Gold lost 2.03% to 10.06 oz (G$207.96 gold dollars). Both are drawing nigh to their 20 DMAs below (9.85 oz and 578.59 oz.)

    Bear in mind that the Dow/Silver and Dow/Gold can fall manydifferent ways mathematically. Important point is that stocks are losing value against metal, pointing to a bottom in metals and a top in stocks.

    US Dollar Index rose 17.7 basis points (0.23%) to 82.760, but still failed to clarify its intent. Needs to close above 83+ tomorrow to confirm it means to go higher. Euro was crushed today, down only 0.05% to $1.3010, but crushed because it reached as high as $1.3094 then crashed back almost to the 20DMA at $1.3004. Yen remains flat at 100.72 cents/Y100.

    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

    © 2013, 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 is Pushing Upwards Trading as High as $1,431.78

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    Gold Price Close Today : 1,423.40
    Change : 14.80 or 1.05%

    Silver Price Close Today : 22.83
    Change : 0.02 or 0.07%

    Gold Silver Ratio Today : 62.340
    Change : 0.605 or 0.98%

    Silver Gold Ratio Today : 0.0160
    Change : -0.0002 or -0.97%

    Platinum Price Close Today : 1,429.80
    Change : 13.00 or 0.92%

    Palladium Price Close Today : 666.45
    Change : -5.70 or -0.85%

    S&P 500 : 1,578.79
    Change : 0.01 or 0.00%

    Dow In GOLD$ : $213.14
    Change : $7.50 or 3.65%

    Dow in GOLD oz : 10.31
    Change : 0.36 or 3.65%

    Dow in SILVER oz : 642.77
    Change : 1.44 or 0.22%

    Dow Industrial : 14,676.30
    Change : 43.16 or 0.29%

    US Dollar Index : 82.91
    Change : -0.11 or -0.13%

    Metals came back today but with a quirk, the GOLD PRICE gained $14.80 (1.05%) to $1,423.40, highest close of this recovery. But that was the Comex close, and in the aftermarket it is trading at $1,427.50. On Comex silver closed up only 1.6 cents to 2283.3, but is up 1% over yesterday in the aftermarket, at 2305c. Paint the tape, anyone?

    The GOLD PRICE hit today’s low about 8:00 a.m. NY time at $1,419.06. About 8:30 it gapped up to $1,428, then hit its high at $1,431.78. Rest of the day was spent oscillating between $1,429 and $1,422. Now it has gapped up again above $1,430. This doesn’t match Monday’s $1,436.84 high, but certainly is pushing toward it.

    Now that Monday high has become the resistance. Gold must close above that to signal that it will continue rising. The MACD is rising swiftly as is the RSI. The question remains, what will gold do when it reaches $1,525?

    The SILVER PRICE had a flattish day, ranging from 2286 to 2330. It was all over the place, but with an upward turn after 2:00 p.m. Wasn’t it ODD that silver closed up only 1.6 cents on the Comex, but in the aftermarket is trading now at 2314.5, up 33.2 cents? Shucks, I don’t know WHAT that means.

    Y’all just be patient here. Silver & gold primary uptrend is not broken, bull market has not ended, and both metals will return for fireworks before long. Meantime, keep watching for another buying opportunity.

    Something smells of mackerel. Stock indices today closed mixed with the Dow down and the S&P500 up 0.01 point. Several other indices fell. I am always suspicious of a two day close at the same price. It usually promiseth no good thing.

    Dow closed down 43.16 (0.29%) at 14,676.30. S&P500 closed at 1,578.79. After yesterday’s punch & close through the 20 DMA, the Dow fell back today, but still lodged above that 20 DMA. Might be the limit of this little 4 day rally, might not. Yesterday some clown hacked the Associated Press website and put out a false report that terrorists had attacked the White House (how anybody could tell, I don’t know, since the chief terrorists already lives there). Stock market plunged 150 points on that news, but came back when the rumor proved false. Jumpy, I’d say.

    Dow in gold and Dow in silver resumed their fall today. Dow in gold closed 10.25 oz (G$212.09 gold dollars), down 1.46%. Dow in silver closed 636.72 oz, down 0.81%.

    Currencies were quiet today. US dollar bounced off the egg shell of that dome it has formed, but that might just be the dollar taking a good run at that resistance. Closed 82.910, down 11.1 basis points or 0.14%.

    Euro rose barely, from $1.3000 to $1.3016, up 0.12%. Yen remained flat at 100.48 cents/Y100.

    I remind y’all that flat markets don’t necessarily mean dead markets. It might be flat because nobody cares to buy or sell, or it might be flat because buying & selling are matched, forces waiting for an edge.

    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

    © 2013, 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 Fell $12.40 Can it Hold Above $1,400?

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    Gold Price Close Today : 1408.60
    Change : -12.40 or -0.87%

    Silver Price Close Today : 22.813
    Change : -0.507 or -2.17%

    Gold Silver Ratio Today : 61.745
    Change : 0.811 or 1.33%

    Silver Gold Ratio Today : 0.01620
    Change : -0.000215 or -1.31%

    Platinum Price Close Today : 1416.80
    Change : -19.00 or -1.32%

    Palladium Price Close Today : 672.15
    Change : -8.60 or -1.26%

    S&P 500 : 1,578.78
    Change : 16.28 or 1.04%

    Dow In GOLD$ : $216.01
    Change : $ 7.50 or 3.60%

    Dow in GOLD oz : 10.450
    Change : 0.363 or 3.60%

    Dow in SILVER oz : 645.22
    Change : 20.56 or 3.29%

    Dow Industrial : 14,719.46
    Change : 152.29 or 1.05%

    US Dollar Index : 83.01
    Change : 0.352 or 0.43%

    Today the GOLD PRICE lost $12.40 (0.9%) to $1,408.60 but silver stumbled 50.7 cents (2.2%) to 2281.3c.

    The GOLD PRICE today ran out of shorts covering, hit $1,427, and busted its nose on the wall. Well, it wasn’t that bad since gold found footing about $1,406.70 and didn’t offer to break lower. This is that first reaction after five rising days, as I mentioned yesterday. Gold is trying to turn up, at least the MACD is, but lets see how it deals with more hostility in a correction. Can it hold above $1,400?

    The SILVER PRICE is flirting with last week’s 2255.6c low. Today it hit 2265.9c, dropped 50.7c, and volume rose. Not a promising mixture. Could get slammed hard tomorrow. Of course, how it withstands that will tell us a lot about how long this pain will last.

    R.I.P, Howard Phillips. At age 72 he passed peacefully away on 20 April. In his long life working in and around politics, he was the anomaly: he always put principles before politics or personal advancement. Nixon named him head of the Office of Economic Opportunity, then welched on his promise to shut it down, so Howard resigned. In 1974 he left the Republican party because it had failed to uphold conservative principles.

    All of these things mark Howard Phillips as an exceptional man, but he stands out in my heart for another reason. When the IRS was trying to bury me because I had started a gold and silver bank, and the whole world was running away from me as fast as their chicken legs could carry them, Howard Phillips never did. He was a man of magnificent integrity.

    TODAY’S MARKETS:

    Another tedious day.

    Stocks turned and rallied largely. Dow rose 1.05% (152.29) to 14,719.46 while the S&P500 rose 1.04% (16.28) to 1,578.78. Both closed above their 20 day moving averages. Unless the Dow can close above the last high (14,887.51) this will remain a reaction in a downtrend from that high.

    Dow in gold broke its five day downtrend by rising today to 10.42 oz (G$215.40 gold dollars). This doesn’t alter the downtrend, only zigs against its zag — normal reaction. Dow in Silver rose, too, to 641.93 ounces (+2.3%). It’s more equivocal than gold, but still appears to have topped.

    US dollar Index rose to 83.005, up 35.2 basis points or 0.45%. Dollar got a boost overnight in European trading, jumping from 82.50 to 82.95 in half an hour while all the hyenas in New York were still sleeping. In US trading it oscillated from 82.85 to 83.05. A strong close above 83 takes the dollar into a new upleg.

    Euro ate something that didn’t agree with it and looks sick. Closing at $1.3000 (down 0.49%) today, it’s below its 50 DMA ($1.3058) and barely above its 20 DMA ($1.2985). Nor is the 200 DMA far off, at $1.2903. A fall through $1.3000, which looks certain for tomorrow, with scatter all the euros fans and attract the short sellers.

    Yen remains flat, down today 0.18% at 100.57 cents/Y100.

    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

    © 2013, 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.

  • Has the Gold Price Bull Market Ended? No for Several Reasons

      0 comments

    Gold Price Close Today : 1,421.00
    Gold Price Close 12-Apr-13 : 1,501.00
    Change : -80.00 or -5.3%

    Silver Price Close Today : 23.32
    Silver Price Close 12-Apr-13 : 26.322
    Change : -3.002 or -11.4%

    Gold Silver Ratio Today : 60.935
    Gold Silver Ratio 12-Apr-13 : 57.025
    Change : 3.91 or 6.9%

    Silver Gold Ratio : 0.01641
    Silver Gold Ratio 12-Apr-13 : 0.01754
    Change : -0.00113 or -6.4%

    Dow in Gold Dollars : $ 211.91
    Dow in Gold Dollars 12-Apr-13 : $ 204.72
    Change : $7.19 or 3.5%

    Dow in Gold Ounces : 10.251
    Dow in Gold Ounces 12-Apr-13 : 9.903
    Change : 0.35 or 3.5%

    Dow in Silver Ounces : 624.66
    Dow in Silver Ounces 12-Apr-13 : 564.74
    Change : 59.93 or 10.6%

    Dow Industrial : 14,567.17
    Dow Industrial 12-Apr-13 : 14,865.06
    Change : -297.89 or -2.0%

    S&P 500 : 1,562.50
    S&P 500 12-Apr-13 : 1,588.85
    Change : -26.35 or -1.7%

    US Dollar Index : 82.649
    US Dollar Index 12-Apr-13 : 82.117
    Change : 0.532 or 0.6%

    Platinum Price Close Today : 1,435.80
    Platinum Price Close 12-Apr-13 : 1,495.30
    Change : -59.50 or -4.0%

    Palladium Price Close Today : 680.75
    Palladium Price Close 12-Apr-13 : 707.95
    Change : -27.20 or -3.8%

    Above is the GOLD PRICE from Friday a week ago until today. That misses the deepest lows for silver and gold which came last Monday ($1,360.96 gold low) and Tuesday (silver low 2255.6 cents). While silver and gold took their worst beating since 1980, maybe nobody noticed stocks rolling over. US dollar remains equivocal, may be turning up.

    The GOLD PRICE today climbed $25.70 to end at $1,421 while silver gained 36.5 cents to end at 2332 cents.

    Gold hit $1,423.80 on Friday, and sent the shorts scattering when it gapped up from $1,400 to $1,410. Bears fought back, driving gold down enough to fill that gap, but then today it climbed sharply to $1,421.00.

    Gold has been massively, grotesquely oversold but today doesn’t even quite recapture 50% of its loss. How far down was it kicked? 20 DMA stands overhead at $1,517.53. Let’s see how it behaves on the first reaction from this climb that lasted all but one day of last week (but that day was a killer.) MACD is trying to hook upward.

    But get this clear: gold might rally up to $1,500 – $1,525 and still turn and make another, lower bottom.

    The SILVER PRICE has been battered much worse than gold. Right now it needs to climb above 2400 cents to regain any credibility.

    One trade I continue to recommend is swapping gold for silver. The GOLD/SILVER RATIO has now climbed nearly to 61:1, retracing 61.8% of its fall from the 2008 high at 84. With that trade comes the risk it races further to 72 or higher.

    Worst face of trading is to control the panic and euphoria in your own breast. Is it bravery or foolhardiness? You have to suck in your breath and close you eyes and sell when its high and buy when its low, all the while trying to fight off the lemming inside that finds safety only with the crowd. Against that courage you have to weigh stubborn stupidity, that dares you to act blindly, or keeps you from facing facts. Maybe y’all can walk through that emotional minefield without any explosions, but I find it taxing.

    Bottom line: Long term primary uptrend (bull market) in silver and gold has NOT ended. No telling yet how long metals will need to overcome this blow and exceed old highs. Somewhere here, however, lies a historical buying opportunity — for the brave.

    Will Rogers said, “You can’t break a man that don’t borrow.” That’s why I never recommend leverage. If you have bought physical silver or gold and paid for it fully, these declines are painful, but not fatal. While I completely missed anticipating this big break, it would not have changed my recommendations because trading in and out has never been my strategy. In hindsight, of course, the “sell the peaks buy the lows” idea looks pretty obvious, but it never does while unfolding. Thus you sell what you THINK is the peak, only to see the market shoot upward away from you. Or you sell a low expecting it to go lower, and it reverses.

    Rather, a strategy that follows the primary uptrend (bull market) buys and holds for the final peak. That one we have targeted for a 16:1 gold/silver ratio and 2 oz or less of gold to buy the Dow.

    Big question torturing every gold and silver owner right now: HAS THE BULL MARKET ENDED? No, for several reasons.

    1. Manner of decline. Bull markets end in a blow-off top, travelling straight up with ridiculous gains day to day. In 1980, gold gained 265% from 22 January 1979 to the peak on 21 January 1980; 113% in the last two months before the peak, and 74% in the last month. The following two years built no declining flat-bottomed triangle on the chart, but plunged, leaving a dramatic peak behind.

    2. Price and Time. Last bull market gold rose 24.3 times its beginning price, silver rose 38-2/3 times. That bull market lasted about 20 years. This one is barely 12 years old, and highest gains so far have been about 6 times. Possible that would fulfill a primary trend, but not likely.

    3. Cause unchanged. The cause of a bull market in silver and gold — inflation — has not abated. In fact, all the major central banks have embarked on unlimited inflation. Maybe they can tame that, but if they do they will have reversed cause and effect. They believe they are Masters of the Universe; I don’t.

    All the same, the waterfalls last week deeply wounded morale in silver and gold. They will need a while, maybe a long while, to recover. Gold fell nearly to a 50% correction of its 2008 – 2011 move; silver a little past 61.8%. Bad, but not fatal. Indeed, that could mark the limits of the fall, but there’s no sign of that yet.

    Does that mean I am ready to leap in and buy with both hands now? Nope, not yet. One last plunge is possible, but not certain — possible enough to require proof of a reversal.

    My mind is still nagging at the why — why have commodities dropped across the board? Stocks are ailing, too. What are markets pointing at, a repeat of 2008, or something worse? The question hangs in the air, unanswered.

    TODAY’S MARKETS:

    Stocks rose a tad today, but peaked way back on 11 April and have been trending lower every since, lower even than their reversal-tripwire 20 day moving average. S&P500 closed up 0.47% (7.25) today at 1,562.50, Dow rose 0.14% (19.66) to 14,567.17.

    Here’s what may faze you: the Dow in Gold and Dow in Silver, even through last week’s terrible metals’ cascade, have topped and kept on falling.

    Wait! I forgot to mention that both were stopped around long term downtrend lines. For now, both are screaming that stocks have topped against silver and gold.

    The US dollar index last week hit an internal support line at 81.80 and bounced back up. It has traced a rounding top, but if it crosses above 83.00 will break out upside with a target of 84 or higher. Dollar index closed today at 82.649, down 6.5 basis points (0.08%). Euro gained 0.11% to $1.3066, trending down now for a week and closing today on its 50 DMA. Yen flirteth yet with 100 cents to 100 yen, closing today up 0.24% at 100.74 cents/Y100.

    US$1=Y99.26=E0.7653=0.042882 oz Ag=0.000704 oz Au.

    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

    © 2013, 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 Rose Today but Down 7.02 Percent for the Week

      0 comments

    Gold Price Close Today : 1,395.60
    Gold Price Close 12-Apr-13 : 1,501.00
    Change : -105.40 or -7.02%

    Silver Price Close Today : 22.96
    Silver Price Close 12-Apr-13 : 26.322
    Change : -3.362 or -12.77%

    Gold Silver Ratio Today : 60.78
    Gold Silver Ratio 12-Apr-13 : 57.025
    Change : 3.755 or 6.584%

    Franklin didn’t publish commentary today, if he publishes later it will be available here.

    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

    © 2013, 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.