• The Price of Gold Lost $14.30 Today Closing at $1,056.20

      0 comments
    27-Nov-15 Price Change % Change
    Gold Price, $/oz 1,056.20 -14.30 -1.34%
    Silver Price, $/oz 14.01 -0.16 -1.13%
    Gold/Silver Ratio 75.40 -0.16 -0.21%

    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

    © 2015, 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.

  • Gold Price Remained Unchanged at $1,070.50

      0 comments
    26-Nov-15 Price Change % Change
    Gold Price, $/oz 1,070.50 0.00 0.00%
    Silver Price, $/oz 14.17 0.00 0.00%
    Gold/Silver Ratio 75.56 0.00 0.00%

    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. Happy Thanksgiving.

    Aurum et argentum comparenda sunt — — Gold and silver must be bought.

    – Franklin Sanders, The Moneychanger
    The-MoneyChanger.com

    © 2015, 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.

  • Gold Price Lost $3.80 Closing at $1,070.50, Silver Made Another Low at $13.99

      0 comments
    25-Nov-15 Price Change % Change
    Gold Price, $/oz 1,070.50 -3.80 -0.35%
    Silver Price, $/oz 14.16 -0.00 -0.01%
    Gold/Silver Ratio 75.576 -0.263 -0.35%
    Silver/Gold Ratio 0.0132 0.0000 0.35%
    Platinum Price 842.50 2.00 0.24%
    Palladium Price 551.30 9.80 1.81%
    S&P 500 2,088.87 -0.27 -0.01%
    Dow 17,813.39 1.20 0.01%
    Dow in GOLD $s 344.14 1.24 0.36%
    Dow in GOLD oz 16.65 0.06 0.36%
    Dow in SILVER oz 1,258.19 0.17 0.01%
    US Dollar Index 99.82 0.24 0.24%

    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

    On Comex SILVER and GOLD PRICES barely breathed. Silver closed down 1/10 cent at $14.158 and gold lost $3.80 to $1,070. Silver made another low at $13.99.

    Silver Price

    You’ll see the silver price chart MACD is turning up, along with Rate of Change and full stochastics. RSI is plumb oversold, and has been since 9 November. Ripe to turn around. Gold’s RSI is not quite as oversold, but other indicators are also turning up.

    Five day/15 minute charts went a little lower than I wanted, but did not violate the lows seen on Monday. Whoa! So we have a bottom, followed by higher highs and a higher low, an embryonic uptrend.

    I bought silver yesterday and a little gold today. I may end up choking on it, but at least I eat my own cooking.

    Markets are dead in the water ahead of the Thanksgiving holiday in the US. floor traders might try some tricks in Friday’s thin markets, but that won’t stick, up or down.

    Stocks sawed back and forth without gain. S&P500 lost 0.27 to 2,088.87 while the Dow Industrials gained 1.2 to 17,813.39. No movement, no significance.

    US dollar index climbed to a new intraday high for the move since October at 100.23, and a new high close at 99.82, up 24 basis points. These are marginal moves, and clearly for now the dollar is stalled. Vulnerable to a sudden drop if spooked. What might spook it I couldn’t say, if Turkey, arguably a surrogate for the US, shooting down a Russian warplane won’t do the job, and it hasn’t. It appears, by the way, that Obama and Company are in fact stupid enough to embroil the whole world in a war. Better pray they wise up fast.

    Euro lost 0.25% to $1.0618. Yen lost 0.14 to 81.48. Just looking at their charts makes you want to reach for the wastebasket and puke.

    West Texas Light Crude

    Here’s a strange omen, flashing big and bright across the firmament. Oil (WTIC) today closed above its 20 day moving average, having fallen down out of its trading range and trading back up into it. Closed up 4.08% at $44.39.

    Copper Price

    Copper, too, has bounced off $2.00. It’s RSI is so oversold that it looks like a big old black and blue punk knot on somebody’s pumpkin head.

    I mention these two inflation markets because most everybody in the world, including ventral bankers and their economists, who don’t know an economy from Adam’s off ox, expects what they call “deflation” and lower commodity prices. What if the market surprises everybody? What if we are watching now not only bottoms in silver and gold prices, but in other commodities as well? No turnaround has appeared yet, just these little clouds the size of a man’s hand on the horizon. One thing that might tip it over is the Fed failing to raise rates in December. That would pull the plug out of the dollar’s heel and send commodities flying.

    May you all enjoy a blessed Thanksgiving and a grateful heart for all God’s mercies.

    Aurum et argentum comparenda sunt — — Gold and silver must be bought.

    – Franklin Sanders, The Moneychanger
    The-MoneyChanger.com

    © 2015, 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.

  • Gold Price Regained $7.50 Today to Close at $1,074.30

      0 comments
    24-Nov-15 Price Change % Change
    Gold Price, $/oz 1,074.30 7.50 0.70%
    Silver Price, $/oz 14.16 0.12 0.83%
    Gold/Silver Ratio 75.839 -0.133 -0.18%
    Silver/Gold Ratio 0.0132 0.0000 0.18%
    Platinum Price 840.50 -6.30 -0.74%
    Palladium Price 541.50 0.35 0.06%
    S&P 500 2,089.14 2.55 0.12%
    Dow 17,812.19 19.51 0.11%
    Dow in GOLD $s 342.90 -1.87 -0.54%
    Dow in GOLD oz 16.59 -0.09 -0.54%
    Dow in SILVER oz 1,258.01 -9.09 -0.72%
    US Dollar Index 99.65 -0.21 -0.21%

    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

    Yesterday SILVER and GOLD PRICES fell, and silver even painted its lowest close for the move, $14.042. Today silver rose 11.7 cents (0.8%) to $14.159. After losing $8.40 yesterday, the GOLD PRICE regained $7.50 today to close Comex at $1,074.30.

    Both five day/15 minute charts show a sort of rounding bottom Monday, but for interpretation to be accurate, they must not fall below $1,073 and $14.10 — cutting it close.

    The silver and gold price markets are as stagnant and moribund as other markets, only more so. Nothing will happen there — including, I wager, a sharp decline — until silver rises above $14.40 and the gold price rises over $1,090. Both are extremely oversold and both show bullish Commitments of Traders numbers, so both are set up for a rally, but both are keeping us waiting. Watch for it still. Personally, I am buying.

    On Friday, Mario Draghi, head criminal for the European Criminal Bank, hinted as heavily as a Mafia don that the ECB would begin more Quantitative Easing come their December meeting. This came late in the day, and of course pushed the euro’s head under water and held it there blowing bubbles, while it pushed the US dollar up.

    The prospect of more easy money, oddly, didn’t help stock markets in Europe or the US, as they fell on Monday. Today after a rutty start stocks rose listlessly in the US. Dow found 19.51 (0.11%) somewhere to close at 17,812.19. S&P500 millimetered up 2.55 (0.12%) to 2,089.14.

    Dow in Gold
    Dow in Silver

    By a small margin the Dow in Gold yesterday posted a new high for the move at 16.66 oz. against July’s 16.500 oz. Dow in silver likewise made a new high at $1,261.89 oz. Indicators have all turned down or are turning down. Those new highs still qualify for double tops with the summer highs.

    US Dollar Index rose yesterday 25 basis points and fell today 21 basis points. However, yesterday it did make a new intraday high at 100.07 and a new high close at 99.87. It has walked through its uptrend line but obviously not fallen off. Only question here is whether the dollar index can make it through the double-top March highs, where resistance is liable to be feisty. Heaven have mercy on the dollar if the Fed raiseth not interest rates in December, for all this rise since October has been flying on a cloud of hot Fed blarney gas about raising rates. That hot money hath no loyalty, and disappointed in the dollar it will run like scalded dog.

    Yield on the 10 year treasury note fell below its 20 DMA today, latest in a string of lower yields. Maybe some speculators are getting worried the Fed won’t make good its interest rate threat.

    West Texas Intermediate Crude has risen back within its September – November trading range and is edging toward its 20 DMA.

    Ralph Nader wrote Janet Yellen a hot letter dragging the Fed over the coals for keeping interest rates at zero and ruining US savers. Some report I read said Yellen answered with a really acid letter. I went and read it. Yeah, buddy, it was like being savaged by a dead sheep.

    First place, it was written in that constipated bureaucratese politicians, academicians, and others use to obfuscate rather than clarify their meaning. Americans can’t write simple, plain English any more, probably because they can’t think. The loathsome style is filled with clichés that lost their meaning before the last Ice Age — well aware, continuing aftermath, has been and continues to be, underscores progress, critically important, and others begging for pruning like a four year apple tree. Oh, and don’t forget shunning the simple possessive case: “lives of all Americans” rather than “all Americans’ lives.” You ain’t French, Janet, you can use an S and an apostrophe. It’s okay.

    These are all simple fixes that even the least gifted can do at home, unaided by a dictionary or thesaurus. So why can’t the mighty Fed Hed speak plain English, get it down where the goats can grab it? Maybe the point always is to obscure, dodge, and hide. Worse, maybe she just can’t. Maybe she don’t know no better?

    Aurum et argentum comparenda sunt — — Gold and silver must be bought.

    – Franklin Sanders, The Moneychanger
    The-MoneyChanger.com

    © 2015, 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.

  • Price of Gold Dropped $9.60 or 0.89 Percent Today Closing at $1,066.80

      0 comments
    23-Nov-15 Price Change % Change
    Gold Price, $/oz 1,066.80 -9.60 -0.89%
    Silver Price, $/oz 14.04 -0.04 -0.45%
    Gold/Silver Ratio 75.97 -0.34 -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

    © 2015, 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.