• Silver and Gold Prices May Have Turned Around Pivoted on the 1st December Lows, the Gold Price Rose $18.50 to $1,200.20

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    30-Dec-14 Price Change % Change
    Gold Price, $/oz 1,200.20 18.50 1.57%
    Silver Price, $/oz 16.24 0.50 3.16%
    Gold/Silver Ratio 73.904 -1.158 -1.54%
    Silver/Gold Ratio 0.0135 0.0002 1.57%
    Platinum Price 1,218.10 16.40 1.36%
    Palladium Price 804.20 -7.80 -0.96%
    S&P 500 2,080.34 -10.23 -0.49%
    Dow 17,983.01 -55.22 -0.31%
    Dow in GOLD $s 309.73 -5.81 -1.84%
    Dow in GOLD oz 14.98 -0.28 -1.84%
    Dow in SILVER oz 1,107.33 -38.47 -3.36%
    US Dollar Index 90.29 -0.24 -0.27%

    3 Day Gold Price Chart
    30 Day Gold Price Chart
    5 Year Gold Price Chart
    3 Day Silver Price Chart
    30 Day Silver Price Chart
    5 Year Silver Price Chart

    Some deep-pocketed buyer stepped up to the New York gold market today about 10:00 with a big order about $1,187.50 and the GOLD PRICE immediately traded up to $1,200. It backed off a hair, then shot to $1,210, although it gradually dipped to close at $1,200.20, up $18.50 (1.6%).

    The SILVER PRICE followed the same pattern, rocketing from $15.90 to $16.10 at 10:00 a.m., then made a run for $16.49. Closed Comex up 49.7 cents (3.2%) at $16.24.

    What does this action tell us? That sellers under $1,200 are about as rare as sommeliers at a WCTU convention, or, alternatively, butchers at a vegan culinary assembly. Lo, that’s an important piece of information, because it implies that the gold price is running out of sellers altogether at these low prices. True, gold couldn’t throw a leg over $1,205 resistance, but that’s okay. $18.50 for one day ain’t bad.

    What caught my eye was silver’s outperformance today. The GOLD/SILVER RATIO sank from 75.057 yesterday to 73.904 today, down 1.5%. Look, I’m no mor’n a nat’ral born durned fool from Tennessee, but looks to me like there’s a diamond pattern in the gold/silver ratio, and that’s a topping pattern. a close below 72:1 breaks the ratio down out of that diamond, and today’s low was 72.53. A fall out of that diamond would powerfully confirm gold and silver have bottomed. Chart is here:

    On a four month chart, the gold price today broke above its very short term (from the December high) downtrend line. Also closed above its 50 day moving average ($1,195.80) and 20 DMA ($1,199.81). Today’s move also fits into my upside-down head and shoulders pattern for gold I discussed yesterday.

    Silver’s $16.24 close remained below its $16.32 50 DMA and $16.27 20DMA. Still, it poked its head above and closed above the downtrend line from the July 2014 high.

    Right here at the end of the year we may have seen the turnaround for silver and gold prices, pivoted on the 1 December lows.

    The trouble in Greece is wearing on the Euro. It closed flat today, well, up 0.01%, at $1.2158. That pot won’t stop simmering. Even the Japanese Yen caught a safe haven bid — the yen, imagine that! — and rose 0.98% to 83.70 cents to Y100. Meanwhile, in a move that would astonish anybody with more than three brain cells, the US dollar index dropped 24 basis points (0.27%) to 90.29. Why astonishing? Bad as the scrofulous dollar is, the yen is even worse, thanks to recently re-elected Keynesian Abe’s determination to depreciate it.

    For the second day running something indigestible gave US stocks heartburn. The Dow lost 55.22 (0.31%) to 17,983.01; S&P500 dropped 10.25 (0.49%) to 2,080.34. Stocks are already in Cloud-Cuckoo Land anyhow, so I don’t look for much reason there.

    In case y’all have missed my overall stock outlook, here ’tis: they are setting up for a gigantic crash, having been levitated to their present altitude by nothing more than a cloud of hot new money.

    Much to my gratification, the Dow in Gold fell 1.76% to G$309.66 gold dollars (14.98 troy ounces), continuing to move down from its encounter with the Gator Jaws’ overhead boundary. Time to start thinking about the 20 DMA (G$305.94 or 14.80 troy ounces) and how stylish the DiG will look below that mark.

    Dow in Silver lost 3.19% to end at S$1,428.53 silver dollars (1,104.88 oz). 20 DMA isn’t far away at S$1,412.05 (1,092.13 oz). Eventually the Gator Jaws will snap shut.

    Aurum et argentum 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.

  • Today the Gold Price Lost $13.60 to End at the Equivocal $1,181.70

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    29-Dec-14 Price Change % Change
    Gold Price, $/oz 1,181.70 -13.60 -1.14%
    Silver Price, $/oz 15.74 -0.37 -2.28%
    Gold/Silver Ratio 75.057 0.870 1.17%
    Silver/Gold Ratio 0.0133 -0.0002 -1.16%
    Platinum Price 1,201.70 9.60 0.81%
    Palladium Price 812.00 -1.20 -0.15%
    S&P 500 2,090.57 1.80 0.09%
    Dow 18,038.23 -15.48 -0.09%
    Dow in GOLD $s 315.55 3.32 1.06%
    Dow in GOLD oz 15.26 0.16 1.06%
    Dow in SILVER oz 1,145.72 25.21 2.25%
    US Dollar Index 90.53 0.21 0.23%

    3 Day Gold Price Chart
    30 Day Gold Price Chart
    5 Year Gold Price Chart
    3 Day Silver Price Chart
    30 Day Silver Price Chart
    5 Year Silver Price Chart

    Silver and GOLD PRICES moves over the last week displayed, as I warned y’all, not a lick of sense.

    The GOLD PRICE took no safe heaven at all, but the yield on US government treasuries sank, indicating bond prices were rising because somebody is buying them. Merciful heaven! What kind of world do we live in where the scrofulous US dollar looks like a safe haven?

    Silver and gold trading over Christmas week made no sense at all. Down $16.20 on the 22nd, down $1.80 on the 23rd, Down $4.40 on the 24th, up $21.80 on the 26th. That looks like floor traders pushing a thin market around. And today the gold price lost $13.60 (1.1%) to end at the equivocal $1,181.70, a price that blows hot and cold out of both sides of its mouth. The SILVER PRICE lost 36.8 cents or 2.3% to $15.744. These are about the prices posted on 19 December.

    But looking at the chart, they may make some sense. Gold might — might — be forming an upside-down head and shoulders with a right shoulder bottom at $1,183, and a left shoulder bottom about 1170, and the bottom of the head at that $1,130.40 intraday low on 1 December. Neckline runs from $1,255 through the last peak at $1,239 and today stands about $1,230. If that is what gold is up to, it should take another two to three weeks to round out the shoulder and reach the neckline. A close below $1,170.70 invalidates this pattern. Here’s a picture of that:

    Meanwhile the gold price stands below its 20 ($1,200.31) and 50 ($1,196.54) day moving averages, and the path of least resistance is down. Thus if it holds on here and keeps rising, my upside down HandS makes more sense.

    Silver, too, remains below its 20 and 50 day moving averages ($16.28 and $16.34). No sign it intends to go anywhere. Yes, you have two lows separated by a spike low, but no successful upward force yet.

    In other words, both silver and gold prices look just as sorry as they looked this time last year, right before they went on an upward tear that lasted till March.

    Stocks have been eking out new highs day by day, without much meaning. Today the Dow lost 15.48 (0.90%) to 18,038.23 while the S&P500 made a new high at 2,090.57, up 1.8 (0.09%). This hovering to new highs only shows that the sellers are all on vacation. Now it might be that after the adults come back after New year stocks might make significant new highs, although they look so tired and are carrying so many inward signs of exhaustion that doesn’t seem likely to me. Or, it might just be that all the pure fiction of a “recovering economy” might begin to evaporate, like the mental hoarfrost it is, in the harsh sunlight of economic reality. I have in mind, of course, the hash the Fed has made of the US economy by keeping alive the vampire businesses that ought to have had wooden stakes put thru their hearts two or three panics ago. When the Fed tries to “normalize” interest rates, skeletons are liable to come tumbling out of closets.

    Dow in gold hit overhead resistance near the old low, bounced down, then up. Ended today at G$315.24 (15.25 troy ounces), up 1.03%. Chart on the right:


    Dow in silver is tracking along with gold, sawing back and forth. Both remain in a Gator Jaws pattern, which eventually will snap shut and send them both plunging. Dow in silver chart is on the left:

    Greece is falling apart again, but in this Best of All Possible Worlds nobody seems to notice. Greek Prime Minister called elections for next month, but it looks like the socialists will win, who threaten to back out of austerity measures and probably default on some of the debt. Strategic question is, will they withdraw from the euro, or will the Germans keep on passing them dough to keep them in the euro and to keep European banks solvent?

    Speaking whereof, the US dollar index today traded up 21 basis points (0.23%) to 90.53. All these little daily gains have pushed the US dollar index back up into the rising wedge it once tried to fall out of. Chart on the right:

    Wow, what wondrous markets. Breakouts that start but never finish, collapses that mysteriously reverse, markets that just never can seem to advance. What? What do you mean, Nice Government Men’s fingerprints?

    Euro sank to a new low, $1.2152, down 0.41% but no evidence of a panic out of euros. Probably too late to panic anyway. Yen closed down 0.32% at 90.53 cents/y100. Probably getting ready for the next plunge. Abenomics, which is the same old Keynesian folly, ain’t working for the economy but it is gutting the yen jes’ fine.

    I’ll never forget a remark the late Harry Browne made to me in 1993 when I was interviewing him for Silver Bonanza. We were talking about the gold and silver runs in the 1970s, and he made this point: “It’s the preceding government price suppression that really drove those markets, years and years of suppression. The price snaps back all at once.” Corollary is, that the longer gold and silver are suppressed, the greater the eventual snapback.

    Eventually the snapback will come. Be patient.

    Aurum et argentum 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 Lost $4.10 Closing at $1,173.80

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    24-Dec-14 Price Change % Change
    Gold Price, $/oz 1,173.80 -4.10 -0.35%
    Silver Price, $/oz 15.69 -0.04 -0.25%
    Gold/Silver Ratio 74.812 -0.070 -0.09%
    Silver/Gold Ratio 0.0134 0.0000 0.09%
    Platinum Price 1,189.20 9.60 0.81%
    Palladium Price 807.40 -1.20 -0.15%
    S&P 500 2,078.58 7.89 0.38%
    Dow 18,068.48 44.25 0.25%
    Dow in GOLD $s 318.20 1.88 0.60%
    Dow in GOLD oz 15.39 0.09 0.60%
    Dow in SILVER oz 1,151.59 5.74 0.50%
    US Dollar Index 89.96 -0.40 -0.44%

    3 Day Gold Price Chart
    30 Day Gold Price Chart
    5 Year Gold Price Chart
    3 Day Silver Price Chart
    30 Day Silver Price Chart
    5 Year Silver Price Chart

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

    Aurum et argentum 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 Fell $1.80 Ending at $1,177.90

      0 comments
    23-Dec-14 Price Change % Change
    Gold Price, $/oz 1,177.90 -1.80 -0.15%
    Silver Price, $/oz 15.73 0.08 0.52%
    Gold/Silver Ratio 74.882 -0.503 -0.67%
    Silver/Gold Ratio 0.0134 0.0001 0.67%
    Platinum Price 1,191.30 9.60 0.81%
    Palladium Price 814.05 -1.20 -0.15%
    S&P 500 2,078.58 7.89 0.38%
    Dow 18,024.17 64.73 0.36%
    Dow in GOLD $s 316.32 1.62 0.51%
    Dow in GOLD oz 15.30 0.08 0.51%
    Dow in SILVER oz 1,145.85 -1.79 -0.16%
    US Dollar Index 90.36 0.42 0.47%

    3 Day Gold Price Chart
    30 Day Gold Price Chart
    5 Year Gold Price Chart
    3 Day Silver Price Chart
    30 Day Silver Price Chart
    5 Year Silver Price Chart

    I told y’all thin holiday weeks could produce strange events.

    Any traders who showed up at the silver and GOLD PRICE pits today were just wasting their time. Silver rose 8.1 cents to $15.73 while the GOLD PRICE fell $1.890 to $1,177.90. Stocks are sucking all the world’s money into themselves, and all attention. Noteworthy that in spite of that, SILVER and gold prices are not falling any more. That in itself is faint praise, but praise it is. We’re waiting.

    Stocks made new highs today. Dow closed over 18,000, up 64.73 (0.36%) to 18,024.17. S&P500 rose about half as much, 0.17% (3.63) to 2,082.17. I am waiting, waiting.

    Dow in gold closed today at G$316.69 gold dollars (15.31 troy oz.), higher than the last low (G$316.07 or 15.29 oz) and up 0.34%. So we raise the upper boundary of the Gator Jaws a little, but I’ll stick with that interpretation.

    Dow in silver did not reach the top Gator Jaws boundary. It actually dropped 0.34% to S$1,475.87 (1,141.49 oz). It’s very taxing, indeed, vexing, to be forced to watch this tennis-match back and forth, but it goes with the Gator Jaws.

    As has been its pattern, the US dollar index followed stocks higher. Rose 42 basis points (0.47%) to close at 90.36. That puts it right on the upper boundary of the rising wedge, so if it intends ever to break down, it better do it soon or invalidate the pattern. Don’t expect much to happen or to change between now and next Monday.

    Euro made a new low for the move that began months ago, down 0.44% today to $1.2164. Yen has nearly but not quite reached its last low. Down 0.55% to 82.85c/Y100.

    My dog troubles are growing. Not only do we have Duke shuffling around, with Susan waiting on him maw and paw, my daughter Mercy and her husband Trevor are also staying with us, and with them comes Tucker, the Labradoodle. Not only is he a horrible embarrassment because I keep calling the dog Trevor and her husband Tucker (I can’t keep up with T-names), he is the size of the Yeti and has about the same amount of curly fur, but white. I think the dog is getting meth somewhere, because no creature naturally has that much energy. He has to be everywhere and see everything, which, if you value your privacy, can be a little burdensome. When he runs the whole house shakes, and when he walks over our mostly wood floors at night, it sounds like somebody throwing out quart jars of jacks. I think, I’ll let him out to run off some of that energy. He bolts out the door, runs 50 yards to the fence, 25 yards the other way, eludes all three other dogs (Duke is not in the chase), barks at my pig, then runs 50 yards back into the house, all in under seven seconds. Then he haunts the glass doors to our deck, staring out at the cat who he’s pretty sure is an hors d’oeuvre. Today Mercy left him with a friend who has a small yard with a high gate, and wants me to pick him up on the way home. I am just all a-tremble with joy at the thought of riding home next to Tucker after his long efficient claws have shredded my upholstery. Nothing I like better than the smell of wet dog, and only one of the windows works in my car.

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

    – Franklin Sanders, The Moneychanger
    The-MoneyChanger.com

    © 2011, 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 in a bubble, primary trend way down. Whenever I write “Stay out of stocks” readers inevitably ask, “Do you mean precious metals mining stocks, too?” No, I don’t.

    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 outlook. I write them for long-term investors in physical metals. Take them as entertainment, but not as a timing service for futures.

  • The Gold Price Dropped $16.20 to $1,179.70

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    22-Dec-14 Price Change % Change
    Gold Price, $/oz 1,179.70 -16.20 -1.35%
    Silver Price, $/oz 15.65 -0.34 -2.14%
    Gold/Silver Ratio 75.385 0.599 0.80%
    Silver/Gold Ratio 0.0133 -0.0001 -0.79%
    Platinum Price 1,181.70 -14.80 -1.24%
    Palladium Price 815.25 10.15 1.26%
    S&P 500 2,078.58 7.89 0.38%
    Dow 17,959.44 154.64 0.87%
    Dow in GOLD $s 314.70 6.94 2.25%
    Dow in GOLD oz 15.22 0.34 2.25%
    Dow in SILVER oz 1,147.64 34.22 3.07%
    US Dollar Index 89.84 0.38 0.42%

    3 Day Gold Price Chart
    30 Day Gold Price Chart
    5 Year Gold Price Chart
    3 Day Silver Price Chart
    30 Day Silver Price Chart
    5 Year Silver Price Chart

    The GOLD PRICE dropped $16.20 (1.35%) to $1,179.70. Silver lost 34.2 cents (2.14%) and perched at $15.649.

    After a flat weekend, about noon today the GOLD PRICE broke $1,195, then simply slid down the hill, only rallying after it hit a low at $1,172.60. If it doesn’t catch here (forming the bottom of a right shoulder), it will sink to the rising uptrend line at $1,155. Indicators point earthward. The SILVER PRICE may fall back toward $15.00, but I still believe the price lows lie in the past.

    This week can be kind of crazy because of thin markets with so many traders taking off at Christmas.

    Both the Dow and S&P500 made new highs. Dow gained 154.64 (0.87%) to 17,959.44. S&P500 didn’t quite gain half as much, up 0.38% (7.89) to 2,078.54. Both these moves came without new intraday highs, a little suspicious, but could easily inch up the next few points to 18,000 and 2,100, and still remain within trend lines. Y’all remember what I said about broadening tops, they can wear you out working back and forth. Gonna be a holiday party. Hope nobody takes pictures.

    Dow in Gold nearly reached the upper boundary of the Gator Jaws. Gained 2.13% to G$314.62 gold dollars (15.22 troy ounces). Dow in silver ended at S$1,480.13 (1,144.79 troy ounces). Still within the Jaws.

    US dollar index rose 0.11% to 89.94. I have nothing bright to say about it. It’s doing the same thing stocks are doing, inching, inching to new highs preparatory to dropping like a Holstein cow out of a Russian cargo plane.

    Euro has sunk back to the bottom, and dropped another 0.4% to a new low at $1.2225. Yen barely moved, down 90,.45% to 83.29. Since Abe won the election 14 December, the yen is just waiting to drop more.

    News reports credit oil’s drop today (WTIC down 4.14% to $55.38/bbl) with pulling gold down. Maybe, but oil’s plunge is way overdone on a value basis. Whoops! I used the forgotten word. Y’all remember “value” don’t you, before “momentum” became the only word in investors’ vocabulary? But what about oil as the barometer of global economic activity? Let’s see, oil is plunging, forecasting the global economy will plunge but somehow the US economy will escape? Right, I got it, Candide, this is the Best of All Possible Worlds, right?

    So without telling me Susan agreed to dog-sit Duke while my son Zachariah and his wife Victoria travel out to her brother’s wedding in Washington state. Duke is about 114 in dog years, a chocolate Lab with a face gone white with age. As Victoria babies Duke, so Susan babies Duke. She feeds him, pumpkin for his constipation, and dog food. She gives him joint medicine and I know not what other medicine. She coaxes him to go outside, holding the door open while Duke imitates an American dog listening to commands in Mandarin Chinese. And unless Duke just feels like it, he don’t do a durned thing he don’t want to do, and spends most of his time sleeping on his comfy bed under the stairs.

    Okay, I will admit it. I am getting just a little jealous of Duke.

    But he blew his cover the other day. Susan had left him outside with the other dogs when I pulled up in front of our house, The Shoe. Suddenly Duke the Creaky, Duke the Limper, Duke Mr. I Can’t Get Up came running across the yard like he wasn’t a day over 80.

    I didn’t tell Susan. I’m storing it up, waiting till Duke gets in trouble, then I’ll pop it on her and fix him.

    More fun: my son Justin came into my office and threw his 14 month old son Henry into my arms. “I gotta run across the road to the barn! He’s sleepy, he won’t be any trouble.”

    Quite right, no more trouble than an octopus in heat, and about as handy. He laughed, he pushed my arms with his feet, he tried to type on my keyboard, then he tried to eat it. He grabs anything within six feet.

    But he’s so cute he can get away with it. I tried to pacify him with some pecans. He chewed them thoughtfully, then saw the glass of water on my desk. “MMMMM!” he said, waving his hand like the British royals wave at photo ops, from the water to himself. Four older brothers and sisters wait on him hand and foot.

    I’m caught between a spoiled 114 year old dog and a spoiled 14 month old! I’m at that awkward age, too old to get attention and too young to get sympathy.

    Aurum et argentum 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.