• Fool's Gold Report: Newmont Soars While Platinum-Group Metals Bounce Back

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    Fool's Gold Report: Newmont Soars While Platinum-Group Metals Bounce Back
    For bullion prices, fundamental considerations reasserted themselves today. In the gold market, the apparent course of U.S. monetary policy continues to point toward a gradual removal of stimulus from the economy, and the long-term result of the Fed's …
    Read more on Motley Fool

    Gold, silver decline on stockists selling, weak global cues
    Investors shifting their funds from bullion to soaring equities also brought down demand for the precious metals, they said. On the domestic front, gold of 99. 9 and 99.5 percent purity shed Rs 5 each at Rs 29,350 and Rs 29,150 per ten gram respectively.
    Read more on Zee News

    Gold price finds support after precious metals closed weak yesterday
    Precious metals prices were weaker yesterday and were down an average of 1.3 percent with the palladium price off 2.6 percent at $ 758, gold and palladium were down one percent at $ 1,292.70 and $ 1,397 and the silver price was off 0.5 percent at $ 19.71.
    Read more on FastMarkets Metal News

  • The Gold Price Reached $1,286.10, 50 Percent Correction Target

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    Gold Price Close Today : 1,293.80
    Gold Price Close 21-Mar-14 : 1,336.00
    Change : -42.20 or -3.2%

    Silver Price Close Today : 19.772
    Silver Price Close 21-Mar-14 : 20.286
    Change : -0.514 or -2.5%

    Gold Silver Ratio Today : 65.436
    Gold Silver Ratio 21-Mar-14 : 65.858
    Change : -0.422 or -0.6%

    Silver Gold Ratio : 0.01528
    Silver Gold Ratio 21-Mar-14 : 0.01518
    Change : 0.00010 or 0.6%

    Dow in Gold Dollars : $ 260.80
    Dow in Gold Dollars 21-Mar-14 : $ 252.25
    Change : 8.55 or 3.4%

    Dow in Gold Ounces : 12.616
    Dow in Gold Ounces 21-Mar-14 : 12.203
    Change : 0.41 or 3.4%

    Dow in Silver Ounces : 825.56
    Dow in Silver Ounces 21-Mar-14 : 803.65
    Change : 21.92 or 2.7%

    Dow Industrial : 16,323.06
    Dow Industrial 21-Mar-14 : 16,302.77
    Change : 20.29 or 0.1%

    S&P 500 : 1,857.32
    S&P 500 21-Mar-14 : 1,866.72
    Change : -9.40 or -0.5%

    US Dollar Index : 80.330
    US Dollar Index 21-Mar-14 : 80.250
    Change : 0.08 or 0.1%

    Platinum Price Close Today : 1,404.70
    Platinum Price Close 21-Mar-14 : 1,435.50
    Change : -30.80 or -2.1%

    Palladium Price Close Today : 774.10
    Palladium Price Close 21-Mar-14 : 788.75
    Change : -14.65 or -1.9%

    Silver and GOLD PRICES argued with each other today. Gold lost 90 cents to $1,293.80 on Comex. Silver rose 8.2 cents to 1977.2 cents. Ratio fell to 65.436 from yesterday’s 65.754.

    Both metals are riding their bottom Bollinger Bands, which increases likelihood of a turnaround. The GOLD PRICE today reached $1,286.10, my target for this move and a 50% correction. The SILVER PRICE hit 1958c yesterday and 1962c today, close enough to call my 1950c target met. After Monday both should turn up and leave y’all scratching your heads and twisting your necks around 180 degrees for that perfect hindsight and saying to yourselves, “I KNEW I should have bought some last week.”

    Bad week for metals, middlin’ mediocre week for stocks, might have been a good week for the US dollar.

    Stocks have been treading water this week, up and down in the same spot, over and under the 20 DMA without being above to make up their mind. S&P500 broke the bottom boundary of an even-sided triangle yesterday, but that breakdown proved false when it reversed today and closed up within the triangle.

    Dow added 58.83 (0.36%) to close 16,323.06. S&P500 rose 8.58 (0.46%) to 1,857.62.

    Dow in metals has that feeling of a fly ball reaching the height of its arc. Dow in Gold rose 0.13% to 12.61 oz ($260.67 gold dollars) but leveled off. I am anticipating a turn, since it stands above its 50 DMA (12.36) which means momentum is up. Dow in silver dipped barely down, down 0.09% to 824.81 oz (S$1,066.42 silver dollars. I may be no better than that ox on his way to slaughter who don’t know enough to be afraid, but for some reason these rallying Dow in metals don’t disturb me. I expected a sharp rally after that long fall, but don’t expect this will last much longer.

    Nasty, filthy, noxious, vile, beastly, foul, loathsome, lousy, mephitic, noisome, odious, scrofulous, scurvy, parasitic — yea, all these describe fiat dollars, yen, and euros. And I’m just warming up my thesaurus here.

    US Dollar index is glacially trying to rise. It did manage to stand up off the floor this week, and rose six basis points (0.07%) to 80.33 today. Technically it’s trending up, but without any enthusiasm.

    Euro broke down sure enough this week. Bounced 0.08% today to $1.3753, but it’s plumb broken. Next week should cross below its bunched 20, 50, and 62 day moving averages.

    Yen busted its 50 DMA today, falling to 97.27 cents/y100. Still range-bound, trending sideways.

    Y’all enjoy your weekend!

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

    – Franklin Sanders, The Moneychanger
    The-MoneyChanger.com

    © 2014, 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 or 18 ounces of silver. or 18 ounces of silver. US $ and 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.

  • The Gold Price Should Rally From Here

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    Gold Price Close Today : 1294.70
    Change : -8.70 or -0.67%

    Silver Price Close Today : 19.690
    Change : -0.069 or -0.35%

    Gold Silver Ratio Today : 65.754
    Change : -0.211 or -0.32%

    Silver Gold Ratio Today : 0.01521
    Change : 0.000049 or 0.32%

    Platinum Price Close Today : 1397.20
    Change : -9.30 or -0.66%

    Palladium Price Close Today : 761.00
    Change : -20.15 or -2.58%

    S&P 500 : 1,849.04
    Change : -3.52 or -0.19%

    Dow In GOLD$ : $259.68
    Change : $ 1.66 or 0.64%

    Dow in GOLD oz : 12.562
    Change : 0.080 or 0.64%

    Dow in SILVER oz : 826.01
    Change : 2.64 or 0.32%

    Dow Industrial : 16,264.23
    Change : -4.76 or -0.03%

    US Dollar Index : 80.110
    Change : 0.030 or 0.04%

    The GOLD PRICE sank $8.70 to $1,294.70 and the SILVER PRICE lost 6.9 cents to 1969.0c. Disaster? Not quite. Today’s range with a 1958c low touched the downtrend line form the April 2013 high, same line silver broke through skyward in April. This constitutes a kiss back to breakout, and should hold — should.

    The GOLD PRICE low at $1,291.20 brought it nearly to that 50% correction at $1,287, which is the neckline of the upside down Head and Shoulders gold broke through in February. Gold has now tangled its feet in the 50 DMA ($1,303.8) and 200 DMA ($1,299.41). Today’s trading pretty much hit my targets for this decline. Now we might from here get a rally, then one more touch back to these levels.

    Of course, I will be shown once again to be no more’n a nacheral born fool from Tennessee should silver and gold prices drop sharply. Fool or not, I don’t see that on the chart.

    Y’all have mercy on me today. I have to attend a show-off home schooling event for some of my grandchildren, and my dear wife will flay me if I’m late.

    Here are the highlights. Stocks continued to deteriorate, although the closes didn’t show the full view of it. Closes were near yesterdays, but the lows were a lot lower, so the range was much lower than yesterdays. Whoa! S&P500 broke DOWN out of that even-sided triangle we’ve been watching. Dow lost 4.76 (0.03%) to 16,264.23 while the S&P500 slid 3.52 (0.19%) to 1,849.04. Should follow through lower and lower.

    US dollar index finally stood up and gained a whole 16 basis points (0.2%) to 80.28. This leaves the chart hopeful, but nothing to brag about. Euro looks like it ate a pound of bad meat, dropped 0.32% today to $1.3741, not far from turning very negative by falling below its 50 DMA ($1.3715). Yen lost 0.14% to 97.87 c/Y100, still treading water.

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

    – Franklin Sanders, The Moneychanger
    The-MoneyChanger.com

    © 2014, 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 or 18 ounces of silver. or 18 ounces of silver. US $ and 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.

  • 2014 Latest Professional 10Pcs belly dance Hip Scarf Waist Chain Silver/Gold Coins for a Dance Group Professional Dance Costume(10 different colors).

      0 comments
  • The Gold Price Has Corrected, Time To Buy

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    Gold Price Close Today : 1303.40
    Change : -8.02 or -0.61%

    Silver Price Close Today : 19.759
    Change : -0.196 or -0.98%

    Gold Silver Ratio Today : 65.965
    Change : 0.246 or 0.37%

    Silver Gold Ratio Today : 0.01516
    Change : -0.000057 or -0.37%

    Platinum Price Close Today : 1406.50
    Change : -14.40 or -1.01%

    Palladium Price Close Today : 781.15
    Change : -8.25 or -1.05%

    S&P 500 : 1,852.56
    Change : -13.06 or -0.70%

    Dow In GOLD$ : $258.02
    Change : $ 0.02 or 0.01%

    Dow in GOLD oz : 12.482
    Change : 0.001 or 0.01%

    Dow in SILVER oz : 823.37
    Change : 3.13 or 0.38%

    Dow Industrial : 16,268.99
    Change : -98.89 or -0.60%

    US Dollar Index : 80.110
    Change : 0.030 or 0.04%

    Today the GOLD PRICE fell $8.02 (0.6%) to close Comex at $1,303.40. Silver fell 19.6 cents (1%) to 1975.9 cents.

    Today’s action pretty well fulfills my targets for the correction, i.e., $1,300 and 1950c. Lows came at $1,299.30 and 1968c. Y’all can stand around waiting for perfection, but I’m not. Both metals fell off about noon, but without any more drama than a short waterfall. Little V-bottoms near day’s end might mark the lows. Believe it or not I had a customer today who bought 60 cents off the day’s lows. Good shooting!

    What’s the downside risk? With the GOLD PRICE, possible drop to $1,287. the SILVER PRICE could — but might not, drop as far as 1950 – 1945c. Not much from here, unless some surprise ariseth.

    Time to buy silver and gold.

    A reader wrote asking, “Many people are predicting a depression which will take down the price of almost everything. You feel that real estate and other tangible assets will also depreciate. Why don’t you feel that precious metals and other commodities won’t also take a big hit?”

    Because silver and gold are not commodities. Silver and gold prices are driven by MONETARY not economic demand as commodities are (copper, lumber, tin). They rise when inflation is eating out the dollar’s value. So regardless of economic conditions, inflation will drive silver and gold higher, because people seeing their dollars lose value will seek refuge in silver and gold. Everything of value will NOT tank in the future, only those items whose value depends on economic demand, and that doesn’t include silver and gold.

    It doesn’t overstate much to say we are already in a depression, and that will over time lower most assets’ value. However, the Fed and yankee government have shown that they will respond to every crisis by printing more money, so an inflationary depression will result. The underlying economic condition will be a depression (shrinking economic activity) while the monetary condition will be inflation resulting in rising prices. Although asset prices may rise, they will in fact be losing value or purchasing power, unless they rise faster than the dollar falls.

    Purchasing power is all that counts. You can see this in the Dow yesterday at 16,367.88, which appears much higher than its 2000 peak at 11,722. However, corrected for inflation (even using the government’s understated and jimmied numbers), that 11,722 in 2000 equals only 15,982 today. Turn that around: 2014’s 16,367.88 would equal only 12,005 in 2000. The Dow has not gained (16,367.88/11,722 = 40%, but 12,005/11,722 = 2.4% in purchasing power. Adjusted for real inflation loss, the Dow is lower now than it was in 2000.

    If I could teach y’all just one thing, it would be FORGET NOMINAL GAINS and LOOK ONLY AT PURCHASING POWER GAIN OR LOSS.

    Y’all remember this, too: inflation does not stimulate the economy, any more than illegal counterfeiting would. Inflation always creates booms that go bust, and disrupts the economy in thousands of other ways. Inflation benefits only those near the source of the inflation, i.e., Wall Street, and the bureaucrats and politicians who produce inflation while it robs all others.

    Now that I’ve hawked that bone out of my throat, let’s look at markets.

    Stocks see-sawed back the other way today, losing more than they gained yesterday. Dow got near its upper downtrend line and looked like Dracula smelling garlic — wilted. S&P500 bounced from top of its even-sided triangle to the bottom, and closed there for good measure. Dow lost 98.89 (0.6%) and closed 16,268.99. S&P500 coughed up 13.06 (0.7%) to roost at 1,852.56. Both of them perched below their 20 day moving averages. I have no opinion, triangles can surprise, but all this carries with it the scent of weakness.

    Silver is supposed to be strong relative to gold when stocks are strong and vice versa, but it hasn’t been following that script lately. Dow in gold dropped slightly today, down 0.15% to 12.46 oz (G$257.57 gold dollars). It stands barely above the 50 DMA (12.39 oz or G$256.12), which might be a splendid place to turn down. But no indication of that yet. I’m anticipating.

    Dow in silver rose 0.63% to 824.37 oz (S$1,065.85 silver dollars). Unless stocks break down soon, it’s liable to return to that December high at 853.1 oz. It has already fulfilled a 75% correction of the Dec – Feb drop.

    Last five days the US dollar index has established a downtrend with lower lows and lower highs. Now it’s sort of bunching up, with a small range today, 80.29 – 80.06. Rose a less-than-gigantic three basis points today to 80.11. This sort of “stability” smacks of the strong hand of Nice Government Men.

    Euro back appears to have been broken. Closed again today beneath its 20 DMA, and lost another 0.3% to end at $1.3785. This comes after a breakout it could not cash in on. Yen rose 0.24% but that is sound and fury, signifying nothing, even with a close at 98.01 cents/Y100. Gold in euros and in British pounds looks like a buy here.

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

    – Franklin Sanders, The Moneychanger
    The-MoneyChanger.com

    © 2014, 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 or 18 ounces of silver. or 18 ounces of silver. US $ and 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.