• 2016 Will Be the Year for Silver and Gold Prices

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    30-Dec-15 Price Change % Change
    Gold Price, $/oz 1,060.10 -17.40 -1.61%
    Silver Price, $/oz 13.81 -0.09 -0.61%
    Gold/Silver Ratio 76.741 -0.68 -0.88%
    Silver/Gold Ratio 0.0130 0.0000 0.16%
    Platinum Price 871.10 -20.10 -2.26%
    Palladium Price 547.75 -7.65 -1.38%
    S&P 500 2,063.36 -15.00 -0.72%
    Dow 17,603.87 -117.11 -0.66%
    Dow in GOLD $s 343.27 0.37 0.11%
    Dow in GOLD oz 16.61 0.02 0.11%
    Dow in SILVER oz 1,274.35 -0.63 -0.05%
    US Dollar Index 98.29 0.12 0.12%

    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

    PRICE OF GOLD backed down $17.40 to $1,060.10, and SILVER closed the Comex 8.5¢ lower at $13.814.

    Silver and gold prices have spent this week regurgitating all the gains of Christmas week. No doubt lots of this arises from tax loss selling. Good side is that it merely offers us an opportunity to buy a little lower.

    In spite of the last two days gold prices indicators mostly point up. Don’t bother writing to tell me I’m a miscreant and a moron, I’m just reporting the facts, and the facts speak for higher GOLD PRICES. However, gold is only spinnin’ tires (we say “tahrs”) and throwin’ mud until it climbs over that fence at $1,088 and commences running up the road.

    Gold Price

    The PRICE OF GOLD has made a bottomy-looking sort of upside-down head and shoulders formation, or reversal zone. Still, that needs confirmation by rising above $1,088.

    Silver Price

    Silver’s chart resembles gold’s, but looks more like an upside-down HandS. Closed below its 20 DMA today.

    SUMMARY: 2016 will be the year for silver and gold prices and the year stocks fall into the abyss, along with the Fed’s cockamamie Keynesian schemes. I sure hope y’all aren’t in debt, cause 2016 is liable to pull big debtors through a knothole. Might ought to order your house.

    Wall Street scanned the sky in dismay today as Santa Claus packed his rally in his sleigh, shouted to his reindeer, and lifted off into the sky, headed for the much-scorned Midwest. “Sorry Christmas to all, and to all a good night!” he yelled over his shoulder. Didn’t even drop off a single pair of pointy-toed Eye-talian shoes off for the waiting Wall Streeters.

    Dow melted yesterday at 17,750 (2,082.50 for the S&P500), traded sideways most of today, then melted again about 3:30, as if everybody suddenly sold and ran off the trading floor. Dow puked back 117.11 (0.66%) to close at 17,603.87 and the S&P500 scraped off 15.0 (0.72%) to end at 2,063.36.

    If they do these things in the green tree, what will they do in the dry? If the Santa Claus rally stumbles like this, what happens when Icy Winter arriveth next week? Both indices are near to closing 2015 lower than 2014. 2014’s closes were 17,823.07 and 2,058.90. Tomorrow will tell.

    Just in case I have been so mealy-mouthed y’all couldn’t catch my meaning, I expect 2016 to be a very bad year for stocks, beginning in January. That augurs in turn the Fed panicking and belching out new torrents of Quantitative Easing, which don’t leave the dollar looking too perky, neither. Aww, pay me no mind, I’m jes’ a nat’ral born durn fool from Tennessee (but I don’t believe in no Santy Claus).

    US Dollar

    Speaking of the scurvy US dollar index (I reckon I have to, though it’s a grief to a fastidious mind), it rose 12 big basis points today (0.12%) to 98.29. It’s still trapped below the downtrend line, and the market has gone so stagnant hat it has a blue sheen on it and the 20 and 50 day moving averages have intertwined. To regain momentum for a rally it must close above 100.70, which looks almost as likely as a Poland China sow learning the foxtrot.

    Trend in force remains in force until contradicted. It would take a close north of 98.50 to begin to turn the dollar index up. Only hints it might turn up are in the Rate of Change and full stochastics, but they remain hushed hints. Should the dollar break its 200 dma at 96.82, mass confusion would break out. Not that we have much less than that already.

    WTIC

    Euro rose a token 0.1% today to 1.0932, barely above the 20 DMA but in no haste to rise higher. No ambition. Yen can’t rally either. Lost 0.8% today to 82.96 in a market that has done little for the past week.

    Oil (WTIC) lost 1.34% to $36.83/barrel. Barely below its 20 DMA. Keeps refusing to break down. Maybe 2016 will be the year for commodities to turn up?

    Another inflation market, Copper, bottomed back in November at $2.00 and has traded sideways since. What’s at stake? It’s hanging over a cliff, and down at the bottom is the 2009 low at $1.25. If copper doesn’t hold on here, it’s looking at a long fall. So why is it holding on?

    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 Rose $7.00 Today Closing at $1,077.50

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    29-Dec-15 Price Change % Change
    Gold Price, $/oz 1,077.50 7.00 0.65%
    Silver Price, $/oz 13.92 0.04 0.32%
    Gold/Silver Ratio 77.42 0.26 0.34%

    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.

  • Price of Gold Gave Back it's Christmas Gains and Lost $6.10 or 6.2 Percent to $1,070.50

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    28-Dec-15 Price Change % Change
    Gold Price, $/oz 1,070.50 -6.70 -0.62%
    Silver Price, $/oz 13.87 -0.50 -3.46%
    Gold/Silver Ratio 77.164 2.203 2.94%
    Silver/Gold Ratio 0.0130 -0.0004 -2.85%
    Platinum Price 880.80 -2.60 -0.29%
    Palladium Price 552.00 -7.50 -1.34%
    S&P 500 2,056.50 -4.49 -0.22%
    Dow 17,528.27 -23.90 -0.14%
    Dow in GOLD $s 338.48 1.65 0.49%
    Dow in GOLD oz 16.37 0.08 0.49%
    Dow in SILVER oz 1,263.48 42.04 3.44%
    US Dollar Index 97.96 -0.05 -0.05%

    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 gave back all the tiny gains they had struggled to gain in Christmas week. Silver lost 49.7¢ (3.5%) to $13.873 on Comex. The PRICE OF GOLD lost $6.70 or 6.2% to $1,070.50. They are replaying their disappointing performance of December 2014, but remember that both metals came blasting up out of that hole in January 2015.

    The price of gold fell back to its 20 DMA but silver really slipped, way below its 20 DMA and clean back to November and December lows. ‘Tain’t really so rotten. Last 2 month’s trading looks like an upside-down head and shoulders, making the right and last shoulder.

    Gold/Silver Ratio

    So although I am phlegmatic as a toad about the price movement today, I heartily disliked the jump in the GOLD/SILVER RATIO to 77.164 (Comex closing basis). That needs to turn around tomorrow or it becomes a croaking raven sent by the undertaker.

    Have I lost my mind? I just can’t get rattled about the prospect of silver or gold dropping further. I don’t see it. Of course, I’m just a nat’ral born durned fool, and I’ve been fooled lots of times before.

    An article on David Stockman’s website today noted that 405 days ago, on 18 November 2015, the S&P500 closed at 2,052 against today’s 2,056.50. 417 days ago, on 6 November 2014 the Dow closed at 17,554, against today’s 17,528.27. In other words, in the teeth of all they hype that screams you must be in the market and can’t stay on the sidelines, you would have made nothing — and taken on a bucketload of risk — to own stocks for the last 400+ days.

    Think about that. Stocks have churned sideways, striving all year to break out in a new rally, without even a glint of success.

    THIS is what a topping market looks like. This perfectly describes the upside-down bowl or rising top that has capped stocks. All the same, the propaganda spewed from the Fed and Wall Street implies that next year will bring another bumper crop of stock profits. Well, y’all believe that if you want, and don’t listen to a nat’ral born durn fool from Tennessee, but rather than catching bumper profits, stocks are liable to catch you between two bumpers next year.

    Dow in Gold
    Dow in Silver

    In spite of stocks’ relative strength, no new highs have appeared in the Dow in Gold or Dow in silver. Dow in gold remains below its 20 DMA.

    US dollar index fell again today, 5 basis points to 97.96, but it’s not the drop’s amount that hurts, it’s the position. Below the 20 and 50 day moving averages. Part of a series of lower highs and lower lows. Smelling like 8 day old mackerel, and pointing further down. Even that can’t pull any action out of the euro, which rose a token 0.05% to $1.0970. Yen dropped 0.07% to 83.07. Yen might be headed higher, but it’s dangerous to judge such matters based on quirky holiday trading.

    I won’t be sending a commentary tomorrow since I will be finishing up my monthly Moneychanger newsletter. See y’all again on Wednesday, God willing.

    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 Rose $7.80 or 0.73 Percent Closing at $1.077.20

      0 comments
    24-Dec-15 Price Change % Change
    Gold Price, $/oz 1,077.20 7.80 0.73%
    Silver Price, $/oz 14.37 0.09 0.64%
    Gold/Silver Ratio 74.97 0.06 0.08%

    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 Rose $3.20 this Week Ending at $1,069.40

      0 comments
    18-Dec-15 23-Dec-15 Change % Change
    Gold Price, $/oz. 1,066.20 1,069.40 3.20 0.3
    Silver Price, $/oz. 14.08 14.277 0.197 1.4
    Gold/Silver Ratio 75.724 74.904 -0.821 -1.1
    Silver/gold ratio 0.0132 0.0134 0.0001 1.1
    Dow in Gold $ (DIG$) 332.03 340.26 8.23 2.5
    Dow in gold ounces 16.06 16.46 0.40 2.5
    Dow in Silver ounces 1,216.30 1,232.93 16.64 1.4
    Dow Industrials 17,125.45 17,602.61 477.16 2.8
    S&P500 2,005.41 2,064.29 58.88 2.9
    US dollar index 98.72 98.32 -0.40 -0.4
    Platinum Price 860.60 867.90 7.30 0.8
    Palladium Price 558.30 553.45 -4.85 -0.9

    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 fell off $5.40 to 1,069.40 on Comex while silver shaved off 2.5¢ to $14.277.

    The GOLD PRICE has managed to crush my optimistic outlook, not permanently but certainly for this week. Touched back to the 20 day moving average today, and closed above it. Just a dead Christmas week market. Holding on, that’s all.

    The SILVER PRICE has held up a little better than gold, taking the GOLD/SILVER RATIO down to 74.904 today at Comex close. Don’t want to found any case on what’s happening this week.

    Markets today were dead as a ball peen hammer, except for stocks, where the funds are in a feeding frenzy trying to lift stocks high enough to rate themselves bonuses at year end. Dow rose 185.34 (1.06%) to 17,602.61. S&P500 levitaged 25.32 (1.24%) to 2,064.29. My o my, they closed above the 200 day moving average. Little likelihood this will reach past the upside-down bowl’s bottom, now at roughly 17,800 and 2,080. Maybe a little higher, but not meaningfully.

    Scurvy US dollar index rose as high as the 20 DMA at 98.67, but held not on. Sank back to close little changed, up 7 basis points at 98.32. No improvement in its dismal outlook. Euro dropped 0.37 to $1.0912, Yen rose 0.15 to 82.73. Markets are all looking at Christmas.

    I won’t be sending a commentary tomorrow but will be celebrating. May you all enjoy a blessed Christmas!

    Y’all enjoy your weekend.

    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.