• Engelhard 10 Troy Oz 999+ Fine Silver Bullion Bar

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  • Silver and Gold Prices Completed the First Furious Leg of their Rally

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    Gold Price Close Today : 1,396.10
    Gold Price Close 23-Aug-13 : 1,395.70
    Change : 0.40 or 0.0%

    Silver Price Close Today : 23.463
    Silver Price Close 23-Aug-13 : 23.73
    Change : -0.267 or -1.1%

    Gold Silver Ratio Today : 59.502
    Gold Silver Ratio 23-Aug-13 : 58.816
    Change : 0.69 or 1.2%

    Silver Gold Ratio : 0.01681
    Silver Gold Ratio 23-Aug-13 : 0.01700
    Change : -0.00020 or -1.2%

    Dow in Gold Dollars : $ 219.29
    Dow in Gold Dollars 23-Aug-13 : $ 222.32
    Change : -$3.03 or -1.4%

    Dow in Gold Ounces : 10.608
    Dow in Gold Ounces 23-Aug-13 : 10.755
    Change : -0.15 or -1.4%

    Dow in Silver Ounces : 631.22
    Dow in Silver Ounces 23-Aug-13 : 632.55
    Change : -1.33 or -0.2%

    Dow Industrial : 14,810.31
    Dow Industrial 23-Aug-13 : 15,010.51
    Change : -200.20 or -1.3%

    S&P 500 : 1,632.97
    S&P 500 23-Aug-13 : 1,663.50
    Change : -30.53 or -1.8%

    US Dollar Index : 82.065
    US Dollar Index 23-Aug-13 : 81.361
    Change : 0.704 or 0.9%

    Platinum Price Close Today : 1,526.20
    Platinum Price Close 23-Aug-13 : 1,540.70
    Change : -14.50 or -0.9%

    Palladium Price Close Today : 722.10
    Palladium Price Close 23-Aug-13 : 750.35
    Change : -28.25 or -3.8%

    Silver and GOLD PRICES completed the first furious leg of their rally this week and began a little correction. Today gold dropped $16.80 to $1,396.10, yes, below $1,400. Silver lost 62.7 cents to end Comex at 2346.3 cents.

    As long as the GOLD PRICE remain above $1,350 (most likely target for this correction) and the SILVER PRICE above 2200c, metals remain in rally mode, and that is what I expect. Very small chance exists that they might make one final leg down as low as the June lows, but I don’t expect that. All the same, humility requires that I mention it.

    ‘Twasn’t much of a week for stocks, down 1.3% and 1.8%. Dollar index probably turned up this week. Dow in Gold and Dow in Silver probably are bouncing because they are striking their long term downtrend lines (strong resistance usually needs more than one attack to break). Platinum lost 0.9% while palladium took a beating, giving up 3.8%.

    Stocks have probably about finished their correction and are turning up for one last rally before crashing. Closes below 14,600 or 1,590 would contradict that outlook and argue that the end of this rally from last November has ended.

    Today the Dow lost 30.64 (0.21%) to end at 14,810.31. S&P500 shaved off 5.2 (0.32%) to 1,632.97.

    Dow in Gold and Dow in Silver both hit and pierced their long term downtrend lines this week. It was predictable that they would bounce off it before continuing lower. Dow in gold rose 1% today to G$219.29 gold dollars (10.608 oz). Dow in Silver rose 15.16 oz or 2.5% to 631.22 oz. Don’t mistake what I mean: both have turned down AND confirmed the downturn. This upward motion is only correcting the long fall we’ve recently seen, but they don’t contradict my interpretation that the Dow measured in metals have both reversed gravityward.

    US dollar index at last broke through 82 to end at 82.065, up 0.08%, above the 20 DMA and 200 DMA and touching the 50 DMA. Momentum now points up.

    Mercy! Y’all ought to rejoice and dance that y’all don’t own any of those nasty euros. They sank another 0.18% today to $1.3215. 200 DMA stands below at $1.3132, and when the euro breaches it, its downward speed will increase with the square of the ECB’s stupidity

    Yen hangeth on by its fingernails. Rose 0.17% today to 101.84 cents/Y100, but it’s a lost cause, about to drop out of its intermediate upward trading channel. Has a future as bright as Constantinople in 1452.

    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.

  • Gold and Silver Price Calculator Free Promo Version

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  • Silver and Gold Prices Closed Lower with the Gold Price Closing at $1,412.90

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    Gold Price Close Today : 1412.90
    Change : -5.70 or -0.40%

    Silver Price Close Today : 24.090
    Change : -0.301 or -1.23%

    Gold Silver Ratio Today : 58.651
    Change : 0.490 or 0.84%

    Silver Gold Ratio Today : 0.01705
    Change : -0.000144 or -0.84%

    Platinum Price Close Today : 1521.50
    Change : -17.70 or -1.15%

    Palladium Price Close Today : 737.75
    Change : -8.30 or -1.11%

    S&P 500 : 1,638.17
    Change : 3.21 or 0.20%

    Dow In GOLD$ : $217.13
    Change : $ 1.11 or 0.51%

    Dow in GOLD oz : 10.504
    Change : 0.054 or 0.51%

    Dow in SILVER oz : 616.06
    Change : 8.28 or 1.36%

    Dow Industrial : 14,840.95
    Change : 16.44 or 0.11%

    US Dollar Index : 81.940
    Change : 0.503 or 0.62%

    ‘Twasn’t a particularly good day for the silver and GOLD PRICES, but then again not bad enough to make me reach for my wastebasket. Silver lost 30.1 cents to close Comex at 2409c and gold forked over $5.70 to land on $1,412.90.

    Worse than the Comex closes were the aftermarket slides to $1,408.80 and 23.88.

    No doubt we are seeing a little correction here of the most recent upmove. A 50% correction in the GOLD PRICE would carry it back to $1,350 (not below!) and the SILVER PRICE to 2210 cents.

    Friends, markets swing like a clock pendulum. If you can’t stand that, better get a government job. It’s the same every day.

    Should the gold price close above $1,425 or silver silver above 2465c, any correction will have been nixed.

    Randolph Bourne once wrote, “War is the health of the state.” That’s what bothers me. Having run out of other options to “fix” the economy, will the US administration now avail itself of the ultimate economy fixer, war? Talk about boosting demand!

    Five day chart argues that the US dollar index bottomed on Tuesday and has one more thrust up in this upleg. That probably will take it through 82.00 resistance. Today the dollar index rallied 50.3 basis points (0.65%) to 81.94. This cuts through the 200 DMA at 81.65, but not through that internal resistance at 82. Not the final word, but argues that the dollar has reversed skyward.

    That euro was laid low today like a hound that had been eating peaches. It gapped down below its 20 DMA ($1.3330) and nearly reached its 62 DMA ($1.3243), losing 0.73% to $1.3243. A serious confirmation of a downtrend comes when the euro plunges through its 200 DMA, now at $1.3243. That should come quickly.

    Yen looked like it had been taking castor oil, too. Gapped down, lost 0.62%, and closed at 101.77 cents/Y100. Worse yet, it closed right on the bottom boundary of its uptrend channel and right near the 50 DMA (101.42c).

    Mercy, what a world where the sorry, scrofulous, scabby US dollar looks good.

    With the breathtaking speed of a somnolent snail, stocks raced ahead today. Dow gained 16.44 (0.11%) to 14,840.95. S&P500 also blasted forward 3.21 (0.2%, be still, my beating heart!) to 1,638.17.

    Stocks have drawn near the point where they ought to reverse and turn up. Perhaps they will rally up to, say, 15,000 on the Dow then make one last dive to 14,600. But should it keep on climbing through 15,000, we’d have to conclude a rally hath begun.

    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 Dropped $1.60 Today Closing at $1,419

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    Gold Price Close Today : 1419.00
    Change : -1.60 or -0.11%

    Silver Price Close Today : 24.391
    Change : -0.260 or -1.05%

    Gold Silver Ratio Today : 58.177
    Change : 0.549 or 0.95%

    Silver Gold Ratio Today : 0.01719
    Change : -0.000164 or -0.94%

    Platinum Price Close Today : 1539.20
    Change : 8.00 or 0.52%

    Palladium Price Close Today : 746.05
    Change : -3.10 or -0.41%

    S&P 500 : 1,634.96
    Change : 4.48 or 0.27%

    Dow In GOLD$ : $215.96
    Change : $ 0.95 or 0.44%

    Dow in GOLD oz : 10.447
    Change : 0.046 or 0.44%

    Dow in SILVER oz : 607.79
    Change : 8.37 or 1.40%

    Dow Industrial : 14,824.51
    Change : 48.38 or 0.33%

    US Dollar Index : 81.415
    Change : 0.248 or 0.31%

    Today’s course for the silver and GOLD PRICES remind me of that last pause under $1,380, just moving sideways, waiting to rise more.

    The GOLD PRICE dropped $1.60 (0.1%) to $1,419.00 while the SILVER PRICE gave back 26 cents (1%) to 2439.10. Silver’s high hit 2512c, gold’s $1,427.65.

    OR, if perhaps silver and GOLD PRICES have completed this move up, they might enter now a shallow correction. Say gold backed off 25% of its recent rally, that might take it back to $1,370. If silver lost 38% of its gains off the 1817c low, the would take it back to 2250c. Of course, if gold breaks through $1,425 tomorrow and silver through 2500c, clearly it’s not correcting.

    Slightly longer term targets remain $1,550 and 2650c.

    Y’all remember all the phony evidence the Bushites floated to justify invading Iraq? I don’t know why I’d be a-thinking’ of that, onless it might be the present Woof-woof the Obamites are a-barkin’ over Syria. Why, hear them tell it that Syrian regime is the worst to come along since the devil hisself. Now why would I think about Roosevelt and how he ordered all those ships into Pearl Harbor after Naval Intelligence had cracked the Japanese Purple Code in September and he knew they planned to attack Pearl Harbor? Or the Tonkin Gulf Incident? How do you spell “false flag operation”?

    Of course, only a natural born durned fool from Tennessee would doubt the A’mighty federal government!

    Stocks dead-cat bounced today. Dow added 48.38 (0.33%) to end at 14,824.51. S&P500 added 0.27% or 4.48 points to 1,634.96. All by itself, that signifieth nothing.

    Dow in gold rose 0.44% to 10.447 oz (G$215.96 gold dollars). Way oversold but falling faster and faster anyway.

    Dow in silver gained 8.37 oz (1.40%) to 607.79 oz. Also oversold but showeth ne’er a sign of turning up.

    Dollar Index is floundering and flopping. Up 0.32% or 24.8 basis points to 81.415 — neither hot nor cold. 200 DMA stands above at 81.65, so the dollar index lies a ways from rally mode.

    Euro lost 0.38% today to $1,3341 and has now stepped under its 20 DMA, first sign of a downturn. The yen, currency of choice for traders who want to hurt themselves, dropped 0.64% today after gaining 1.51% yesterday. Closed 102.41 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.