• Gold Price Burst Higher Like a Basketball Held Underwater

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    Gold Price Close Today : 1411.50
    Change : 20.20 or 1.45%

    Silver Price Close Today : 22.674
    Change : 0.235 or 1.05%

    Gold Silver Ratio Today : 62.252
    Change : 0.248 or 0.40%

    Silver Gold Ratio Today : 0.01606
    Change : -0.000064 or -0.40%

    Platinum Price Close Today : 1481.50
    Change : 29.70 or 2.05%

    Palladium Price Close Today : 758.00
    Change : 10.20 or 1.36%

    S&P 500 : 1,654.41
    Change : 6.05 or 0.37%

    Dow In GOLD$ : $224.43
    Change : $ (2.94) or -1.29%

    Dow in GOLD oz : 10.857
    Change : -0.142 or -1.29%

    Dow in SILVER oz : 675.86
    Change : -6.11 or -0.90%

    Dow Industrial : 15,324.53
    Change : 21.73 or 0.14%

    US Dollar Index : 83.03
    Change : -0.600 or -0.72%

    The GOLD PRICE burst higher like a basketball held underwater. Smashed through that $1,395 resistance and rose $20.20 (1.45%) to end at $1,411.50. Silver was more lethargic, rising only 23.5 cents (1.05%) to 2267.4c.

    The five day gold price chart shows a low at $1,373.70 on Tuesday, and a steady rise until today. About 1:00 a.m. New York time gold levitated straight up from $1,395 to $1,410. From that time till New York opened SOMEbody drove gold back down to $1,400, even a few bucks below, but at 9:30 gold gapped from $1,402 to $1,414 in a single bound, then never dipped below $1,410 again.

    It was a clean breakout, and touched the 20 DMA at $1,416.05. Yet from here gold faces naught save labor and trouble — lots of resistance from $1,425 to $1,495. Yet a hint of gold’s strength is show in where it closed today: smack on the downtrend line from the April highs. That would lift the spirits of a fat frog in a deep well.

    Don’t y’all be surprised if a tussle breaks out in the gold market tomorrow and it falls back toward $1,400, but must not close below that. Really ought to close higher within two days if it wants to confirm this breakout.

    SILVER PRICE left a bottom behind on Tuesday, too, and confirmed it with another on Wednesday. Today it climbed above the downtrend line from the April highs and even touched its 20 DMA (2308c). It’s a quite promising start, but needs to clear 2330c to prove its muscle and wind.

    Great start today for the silver and GOLD PRICE. What’s the drawback? Just this: they might rally all the way up to their April breakdown points and fall one last time, and Mercy! We won’t be able to tell until they close up above those breakdown points, way higher at $1,550 and 2750c. If we wait to then to “be sure,” we’ll be paying a lot more to buy.

    On the balance in favor of buying now is a double bottom in both the silver and gold price.

    No doubt exists about the more distant future. The silver and gold prices will regain all their lost ground and advance to prices you and I cannot now imagine. I interviewed James Turk of GoldMoney.com last week, and he expects gold to finish this year higher than it started.

    My, my, something knocked the breath out of the dollar today, and that dollar drop ricocheted off every other market and sent ninepins scattering everywhere (that’s three mismatched metaphors in a single sentence. Almost good enough to meet “USA Today” or US Government writing standards).

    If I were a New York stockbroker, the 5 day Dow chart would be enough to make me puke on my pointy toed shoes. Today’s lower close after Tuesday’s attempt to rally, and after Wednesday a week ago’s key reversal pretty much guarantees that gravity has taken charge.

    Dow actually gained 21.73 today (0.14%) and the S&P500 augmented 6.05 (0.37%) to 1,654.41. Not inspiring. Appears that Wednesday a week ago marked the beginning of a down leg, and it’s likely to get bloody right soon.

    Ahhh, but look at the Dow in Gold and Dow in Silver. Zut alors! The Dow in Gold dropped 0.15 oz (1.4%) to 10.85 oz (G$224.43 gold dollars). Clearly the canoe has nosed over the edge of the waterfall. (20 DMA stands barely below at 10.74 oz).

    Tain’t quite as dramatic, but the Dow in silver has rolled over, too. Lost 6.11 oz (0.9%) to end the day at 675.86. 20 DMA, first confirmation of a reversal, stands at 659.32.

    Here’s my broken record again: reason these two indicators is crucial is because they are the most reliable forecasters of the direction of stocks and metals, and help us pinpoint or confirm reversals. You are watching that turnaround now, and will see stocks cheapening against silver and gold for a while. This supports the idea that silver and gold have already seen their price lows.

    Somebody sucker punched the US dollar index today (the metaphor lobe of my brain is overactive today). Sank like your mother-in-law’s opinion of you when you showed up drunk for her birthday party. Lost 60 basis points (0.77%) after losing 58 basis points yesterday, and landed on 83.025 — well below the 83.28 twenty day moving average. A close below 82.96, the 50 DMA makes it hard to argue that the dollar has not turned down. Yield on 10 year Treasury rose, too. It appears to have broken out upside. Poor Ben!

    The Euro bounded 0.8% higher to $1.3042. That takes it above all its moving averages, which were clustered between $1.2969 and $1.2998. Clean break out also above the downtrend line. If the scabrous euro can close above 1.3010, it should rally at least to $1.3243, maybe lots higher.

    The Japanese yen rose 0.52% to 99.34 cents/Y100. Do y’all care? Is it possible the world is so ignorant it doesn’t know what tears and pain this will end in?

    US$1=Y100.66=E0.7668=0.044 103 oz Ag=0.000 708 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.

  • 2010 Silver American Eagle Brilliant Uncirculated Gem Us Coin .999 Fine Silver Bullion 1 Oz $1

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    2010 Silver American Eagle Brilliant Uncirculated Gem Us Coin .999 Fine Silver Bullion 1 Oz $1

    • Brand New Brilliant Uncirculated Silver Eagle
    • Silver American Eagles are the Official Collectible Silver Coin Of the United States
    • Has a Face Value of One Dollar($1)
    • Contains 1 Troy Ounce of .999 Fine Silver
    • The most trusted and popular way to collect Silver Bullion and Silver Coins.
    You are purchasing a beautiful 2010 AMERICAN SILVER EAGLE DOLLAR in Brilliant Uncirculated Condition. This coin has never been in circulation and has never been touched by bare hands. We handle these coins with cotton gloves. Your coin will be removed from the US Mint issued roll/tube and placed in an Air-tite Plastic holder for your collectible convenience. The American Silver Eagle is the official Silver coin of the United States of America and has a nominal face value of one dollar. It was f

    List Price: $ 59.99 Price:

    1947 Mexico Gold 50 Pesos - BU - 1.2056 oz.

    $1,591.59
    End Date: Sunday Jan-7-2018 17:52:07 PST
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  • (3×4) Gold Bar Tyvek Mighty Wallet

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    Gold Bar Tyvek Mighty Wallet

    Price:

    1 oz. RMC Gold Bar - Republic Metals Corp - 999.9 Fine in Sealed Assay

    $1,326.62
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    5 gram Gold Republic Metals Corp. (RMC) Bar
    $220.24
    End Date: Saturday Jan-13-2018 8:58:39 PST
    Buy It Now for only: $220.24
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  • Silver and Gold Prices Bounced Back Today Both Rising Smartly

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    Gold Price Close Today : 1391.30
    Change : 12.40 or 0.90%

    Silver Price Close Today : 22.445
    Change : 0.265 or 1.19%

    Gold Silver Ratio Today : 61.987
    Change : -0.182 or -0.29%

    Silver Gold Ratio Today : 0.01613
    Change : 0.000047 or 0.29%

    Platinum Price Close Today : 1451.80
    Change : -8.80 or -0.60%

    Palladium Price Close Today : 747.80
    Change : -9.20 or -1.22%

    S&P 500 : 1,648.38
    Change : -0.12 or -0.01%

    Dow In GOLD$ : $227.37
    Change : $ (3.64) or -1.58%

    Dow in GOLD oz : 10.999
    Change : -0.176 or -1.58%

    Dow in SILVER oz : 681.79
    Change : -12.95 or -1.86%

    Dow Industrial : 15,302.80
    Change : -106.59 or -0.69%

    US Dollar Index : 83.67
    Change : -0.576 or -0.68%

    After yesterday’s attempt to break silver and GOLD PRICES, both bounced back smartly. Gold bounced back to the top of its range ($1,395) but the SILVER PRICE only reached 2246.8c. Still, it closed near its high. Gold price closed $1,391.30, up $12.40 and silver price closed up 26.5 cents at 2244.5c. GOLD/SILVER RATIO dropped to 61.987.

    US dollar index lost 0.8%, 61.1 basis points, to 83.633. Combined with a sharp rise in the yield on the 10 year Treasury note, that ought to send Ben the Beneficent reaching for the aspirin — or the Scotch. Rising yield attacks his ZIRP (Zero Interest Rate Policy) and presses the dollar’s price downward. flight from the dollar is Ben’s worst nightmare.

    Stocks faded 0.7% today, choking on their own success. Looks like a downleg has begun.

    The Moneychanger is finishing up his monthly newsletter for paid subscribers today. I will return tomorrow, God willing, with his usual verbose commentary.

    SPECIAL OFFER

    French and Swiss twenty francs.

    In 1865 came the first attempt to give Europe a single unified currency with the Latin Monetary Union. France, Belgium, Italy, and Switzerland agreed to a standard currency of 4.5 grams of silver or 0.290322 gram of gold. Thus was born the 20 franc coin (0.1867 troy ounce fine gold), which became one of the most common and widely used denominations in the world. Later Spain, Greece, Romania, Bulgaria, Venezuela, Serbia, and the Austro-Hungarian Empire employed the same standard. Twenty francs are so common, in fact, that in World War II and the Viet Nam war they were packed in US pilot’s survival packs.

    We bought a large lot of mostly Swiss but some French twenty francs, all types, from the older French Napoleon III to Roosters. Some may look uncirculated, but some are circulated. Full gold content is there.

    I will sell SWISS 20 francs in lots of Ten (10) coins each, at $274.50 each or $2,745.00 + $35 shipping = $2,780.00 per lot. At $1,391.30 spot gold, that’s a 5.7% premium over gold.

    Lots of Ten (10) each FRENCH 20 francs, my choice of types, I’ll sell at $272.50 each or $2,725.00 + $35 shipping for a total of $2,760.00 each. With spot gold at $1,391.30, that’s a tiny 4.9% premium over gold.

    If you order more than one lot, add only one $35 shipping charge.

    Limit Fifteen (15) lots per customer.

    Sorry, we can’t mix coins within a lot. You may order two lots, one of ten Swiss and one of Ten French, but not a single lot of five Swiss and five French.

    All lots are sold subject to the special conditions below, no exceptions. No re-orders at these prices.

    Special Conditions:

    If I have miscounted my inventory and come up short, the LAST person to order will receive fewer coins, at a price reduced to reflect the smaller quantity.

    First come, first served, and no re-orders at these prices. I will write orders based on the time I receive your e-mail.

    We will not take orders for less than the minimums shown above.

    All sales on a strict “no-nag” basis. We will ship as soon as your check clears, but we allow Two weeks (14 days) for your check to clear. Calls looking for your order two days after we receive your check will be politely and patiently rebuffed.

    ORDERING INSTRUCTIONS:

    1. You may order by e-mail only to offers@the-moneychanger.com. No phone orders, please.

    Your email must include your complete name, address, and phone number. We cannot ship to you without your address. Sorry, we cannot ship outside the United States or to Tennessee.

    Repeat, you must include your complete name, address, and phone number. Our clairvoyant quit without warning last week and we can no longer read your mind.

    2. When you buy from us, we cannot later change or cancel the trade. We are giving you our word that we will sell at that price, and you are giving us your word that you will sell at that price, regardless what later happens in the market, up or down.

    If you break your word to us, we will never again do business with you.

    3. Orders are on a first-come, first-served basis until supply is exhausted.

    4. “First come, first-served” means that we will enter the orders in the order that we receive them by e-mail.

    5. If your order is filled, we will e-mail you a confirmation. If you do not receive a confirmation, your order was not filled.

    6. You will need to send payment by personal check or bank wire (either one is fine) within 48 hours. It just needs to be in the mail, not in our hands, in 48 hours.

    7. “No Nag Basis” means that we allow fourteen (14) days for personal checks to clear before we ship. Want your order faster? Send a bank wire, but that’s not required. Once we ship, the post office takes four to fourteen days to get the registered mail package to you. All in all, you’ll see your order in about one month if you send a check.

    8. Mention goldprice.org in your email.

    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.

  • Gold Price Slid $7.70 Looking Better to Buy Each Day

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    Gold Price Close Today : 1378.90
    Change : -7.70 or -0.56%

    Silver Price Close Today : 22.180
    Change : -0.302 or -1.34%

    Gold Silver Ratio Today : 62.169
    Change : 0.493 or 0.80%

    Silver Gold Ratio Today : 0.01609
    Change : -0.000128 or -0.79%

    Platinum Price Close Today : 1460.60
    Change : 8.70 or 0.60%

    Palladium Price Close Today : 757.00
    Change : 30.55 or 4.21%

    S&P 500 : 1,660.06
    Change : 10.46 or 0.63%

    Dow In GOLD$ : $231.01
    Change : $ 2.87 or 1.26%

    Dow in GOLD oz : 11.175
    Change : 0.139 or 1.26%

    Dow in SILVER oz : 694.74
    Change : 14.06 or 2.07%

    Dow Industrial : 15,409.39
    Change : 106.29 or 0.69%

    US Dollar Index : 84.24
    Change : 0.575 or 0.69%

    Today the GOLD PRICE backslid $7.70 (0.6%) to $1,378.90 while the SILVER PRICE slumped 30.2 cents (1.3%) to 2218c.

    GOLD PRICE remains trapped by $1,395 and remains in pretty much the same range but widened out the bottom a tad with a $1,373.70 low. That is the STRANGEST one day chart you’re likely to see. About 4:30 a.m. New York Time (11:30 a.m. Greenwich) somebody kicked gold in the head like a mule. Gapped down from $1,390 to $1,383. Gold traded sideways until New York opened, then down a little ($1,373 low) and up a little to $1,384. Then about 11:30 it gapped UP to $1,397, strong as a garlic milkshake. Didn’t hold on there, but eroded back to close lower at $1,378.90 and flatten out. Charts just keep on acting contrary to reason and expectation. When a market breaks like that, then comes back with such zeal, you expect that means it wants to turn up. Not if it’s gold, apparently. Wait, wait! Who’s that man behind the green curtain! What? Pay no attention to the man behind the curtain? But why not? Oh, that’s just old Ben. Never mind him.

    The SILVER PRICE, too, managed to close near the day’s lows, but traded up in the aftermarket. Chart differs a tee-tiny bit from gold’s, but fundamental tale is the same: gap down, sideways, gap up, and sliding down.

    On the 4-month gold price chart it has traced a little uptrend the last six days, but it’s not much to look at. Silver has just gone sideways since that strange downspike a week ago yesterday.

    Longer this drags on, the better buying silver and gold looks to me. I’m still nervously looking over my shoulder for that possible one-more plunge, but I don’t like waiting. It’s too clear in my mind that the Nice Government Men engineered these silver and gold price lows, like they’ve engineered the stock market’s rise, to punish anyone daring to prefer to hold one of the scrofulous US dollar’s competitors, namely, silver or gold. Why’d they need to do that? What are they seeing in their crystal ball that makes them nervous? I don’t know, I just don’t trust ’em.

    I want y’all to think cagey about today’s stock market rise. Y’all remember what happened last Wednesday, when stocks fell around the planet? That brand of volatility spells T-O-P. It often haps that a topping market makes a peak, falls sharply, then rebounds nearly to that peak just as sharply. Might happen more than once. Don’t let ’em sucker you.

    Dow’s intraday high last Wednesday was 15,542.40. Today it stopped at 15,521.49, barely below Wednesday.

    Dow closed up 106.29 (0.7%) at 15,409.39. On an intraday high today of $1,674.21 (vs. Wednesday’s 1,687.18) the S&P inched up 0.63% or 10.46 to close 1,660.06.

    Dow in Gold and Dow in silver both rose today, but not to new highs. Dow in Gold rose 1.21%, Dow in silver 2.04%. No change or confirmation yet.

    This country looks mighty familiar to me. I was here once before, in 1999 and 2000. Takes some time for stocks to top, but top they will. Why do I say that? Just because I am a sourpuss on stocks? Not at all. Rather, they are floating on a sea of newly created money, the economic outlook hath not materially bettered, and the alternative yield is less than 1% most places. Not a recipe for Dow 36,000, regardless what the financial bimbos and beanbrains on TV tell you. Ahh, but they are glamorous, wear make up, and sweat under spot lights, while I am only a natural born fool from Tennessee and I just sweat. Ain’t ne’er a spot light here anywhere.

    Your Yankee government is stepping up the war on competitors to its greenback dollar. Shut down another electronic currency provider today, and on the 17th seized assets of MtGox, one of the largest currency-to-Bitcoin providers. Now the people the YG shut down today may be really bad folks, I don’t know. I only know that the only way to tell a government prosecutor is lying is to watch his lips. If they’re a-moving, he’s a-lying. But since even a blind hog now and then finds an acorn, maybe the folks they shut down today really were bad folks. I just never know who to believe, I’ve heard so many lies. Shoot, they told some lies about me so big I didn’t even know who they were talking about! I thought, “They ought to get THAT guy off the streets!” until I found out it was me. It like to hurt my feelings.

    Them old nasty fiat currencies! Even talking about ’em is like dipping your hand into a bucket of hog snot. But I have to do it, so look at the US dollar index. For some gassy reason it rose 57.5 basis points today (0.74%) to 84.237. Five day chart shows a rounding bottom, so ’twill likely rise from here, if it can stay above the lip of that bowl about 84.30 tomorrow. If it can’t, then we’re merely watching the reaction from its first drop from that 84.60 peak, and in a day or two it will fall through 83.50. I have no dog in this fight, as I have been shucking dollars since 1999, and am not likely to buy any again soon.

    The euro fell back today toward the bottom of its recent range. Lost 0.62% to $1.2852. I sure do feel sorry for the folks trapped in that thing. European economy is worse than the US.

    Japanese yen bobbles up and down, but always seems to bobble down again. Caved in 1.02% today to 97.76 cents/Y100.

    Poor old Ben Bernanke! He’s like a man who falls into a rattlesnake den — whichever way he steps, they’re waiting to bite him. He’s been so successful raising stock prices with his money pump that folks may be leaving US bonds for stocks. At least, that’s what the 10 Year US Treasury Note Yield says today. Rose to 2.135%, which is an upside breakout. This rattlesnake might sink his teeth clean down to Ben’s anklebone. More people who want to sell bonds, more the price drops, and when the bond price drops, the yield rises, and that contradicts Ben’s ZIRP. No, that’s not a weapon for aliens, that’s his Zero Interest Rate Policy. Market might be fixing to cancel his policy.

    We upgraded our website a while ago but are just now re-posting some back articles on Alternative health. Go to http://the-moneychanger.com/articles/health to take a look. I especially recommend the article “Nutritional Cancer Therapy,” an interview with Dr. Nicholas Gonzalez.

    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.