• Gold Price Rose $19.20 this Week Ending at $1,116.40

      0 comments
    29-Jan-16 Price Change % Change
    Gold Price, $/oz 1,116.40 0.80 0.07%
    Silver Price, $/oz 14.23 0.01 0.09%
    Gold/Silver Ratio 78.46 -0.02 -0.02%

    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

    © 2016, 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 Closed at $1,115.60, 2016 is Shaping Up to be a Great Year for Silver and Gold Prices

      0 comments
    22-Jan-16 28-Jan-16 Change % Change
    Gold Price, $/oz. 1,097.20 1,115.60 18.40 1.7
    Silver Price, $/oz. 14.043 14.216 0.173 1.2
    Gold/Silver Ratio 78.131 78.475 0.344 0.4
    Silver/gold ratio 0.0128 0.0127 -0.0001 -0.4
    Dow in Gold $ (DIG$) 303.13 297.87 -5.26 -1.7
    Dow in gold ounces 14.66 14.41 -0.25 -1.7
    Dow in Silver ounces 1,145.71 1,130.78 -14.93 -1.3
    Dow Industrials 16,089.23 16,075.19 -14.04 -0.1
    S&P500 1,906.89 1,896.27 -10.62 -0.6
    US dollar index 99.65 99.62 -0.03 -0.0
    Platinum Price 829.70 865.90 36.20 4.4
    Palladium Price 498.40 491.00 -7.40 -1.5

    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 backed up 50¢ to $1,115.60. SILVER lost 22.4 ¢ to $14.216 on Comex.

    Both silver and GOLD PRICES are undergoing a correction of that last leg up that took silver from $13.73 to $14.59 and the gold price from $1071.1 to $1,138. This is routine action. The price of gold proved that with a test today of that old-high resistant at $1,113. Made a low at $1,110.20 and came right back. Possible to get a test back to $1,100, but I don’t think so. If so, ’twill come tomorrow. Next week should be an upweek, or I’m all wrong about gold, a genuine possibility always.

    Gold Price
    Silver Price

    Suspicious side of me wonders how much the Nice Government Men had to do with the London fix glitch today, but it matters not. In spite of everything silver still touched its 50 DMA at $14.08 and bounded to life, proving it sinew. Silver and gold prices are putting finishing touches on big rounding bottoms.

    2016 is shaping up to be a great year for silver and gold.

    Here are some news items I want to bring to y’all’s attention:

    GERMANY is speeding up its Bring-Home-The-Gold program which since 2013 has repatriated about 366 tonnes. This year the Bundesbank moved 210 metric tons of Gold back to its Frankfurt vaults, 100 tonnes from Paris and about 100 tonnes from the New York Federal Reserve.

    LONDON SILVER FIX was resurrected a year ago August when most of the former price-fixers, under pressure from ongoing corruption investigations, bowed out. CME, which gobbled up all the commodity exchanges in the US, and Thomson Reuters got the contract from the London Bullion Market Association (LBMA) to work the fix. The price is set daily by HSBC, JPMorgan Chase, Mitsui, Bank of Nova Scotia, Toronto Dominion Bank, and UBS — the Usual Suspects.

    On 28 January 2016 the fix was set at $13.58, 84¢ (6%) BELOW market at that time ($14.42 in London and $14.415 on CME). One commodity strategist said this could be the end of the fix, thanks to the huge discrepancy. Par for unresponsive government and bloated corporations, the CME makes no apology or comment, but it is reported the matter is being “investigated internally.” Stay tuned for further bogus explanation.

    This is screaming, unashamed highway robbery. The market NEVER traded down to $13.58; today’s low was $14.07. These crooks just set the price 6% below market. Anybody who uses that silver fix ever again is crazy as a betsy bug. [Other expletives deleted]

    COMEX GOLD STOCKS are stored in Comex approved warehouse as “eligible,” i.e., in the depository but not available for delivery against a futures contract, or “registered” i.e., “available for delivery to settle a futures contract.” In a Zero Hedge article at http://bit.ly/1nB84HU we are told that on 25 January 201,345 oz of Registered gold was shifted by its owners request into Eligible, reducing Registered gold stocks from 275k to 74k oz.

    That makes the “coverage ratio” — total gold claims divided by available stocks — shoot up. 40 million oz of gold open interest is “backed” by a record low 74,000 oz of Registered gold, 542 oz paper claims to every physical oz.

    Sorry, but it ain’t a problem till it’s a problem. The vast majority of futures contracts are settled by buying the opposing paper contract, not taking physical delivery. That’s what a futures market is for, hedging. Transitory changes like this may OR MAY NOT signify a physical shortage. If a shortage exists, futures will speedily show it in a “backwardation” — the price of gold for immediate delivery (spot month) will rise above the normally higher priced future contracts. Preliminary last prices on Comex today show a very slight backwardation not with the spot months but from April at $1,113.50 to June at $1,112.9. August is trading normally at $1,120.60.

    So y’all don’t panic just yet. Wait till Wednesday.

    I am taking a two day vacation with my surgery-recovering wife, Susan, to friends in deepest North Tennessee. Hence I won’t be sending a commentary tomorrow. However, the scoreboard today pretty well tells the tale. Stocks, although they’ve traded much higher with triple digit days, couldn’t keep any of those gains (sorry, Nice Government Men, y’all tried) as their bull transmogrifies into bear. US dollar index is weak and watered as Bourbon Street whiskey, about to fall, while silver and gold prices, accompanied by platinum and palladium prices, are working up through resistance.

    Stocks added 130.73, 0.82%, to 16,075.19, same place they’ve stopped before trying to catch a ride higher — and failed. S&P gained 13.32 (0.71%) to 1,896.27. Stocks are staging the most lethargic rally possible. Yes, they will probably move a little higher, maybe to 16,600 and 1,950. Their day has passed. Y’all need to sell off stocks before you get caught in the generalized slaughter.

    US Dollar

    But, thunderation! Don’t pay me no mind, I’m no more’n a nat’ral born durned fool from Tennessee no way. Y’all keep on lissenin’ to them Wall Street smarties. They’ll keep talking to you, long as you got money left.

    US dollar got hold of some bad, bad chili and is sick as the proverbial dog. Slid more today than yesterday, and plunged beneath the 20 and 50 day moving averages (98.99 and 98.88). Down 33 basis points (0.33%) to 98.62. Has fallen out of that rising wedge. No prophet needed to see ’twill fall further. Look for yourself:

    Euro — brace yourself — has actually broken out upward. Rose 0.44% to $1.0940, if it can keep it up. Yen fell 0.12% to 84.17.

    Y’all enjoy your weekend.

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

    – Franklin Sanders, The Moneychanger
    The-MoneyChanger.com

    © 2016, 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 is Ready to Rumble, You Ought to be Buying Silver and Gold

      0 comments
    27-Jan-16 Price Change % Change
    Gold Price, $/oz 1,116.10 -5.60 -0.50%
    Silver Price, $/oz 14.44 -0.10 -0.72%
    Gold/Silver Ratio 77.292 0.168 0.22%
    Silver/Gold Ratio 0.0129 -0.0000 -0.22%
    Platinum Price 880.40 5.20 0.59%
    Palladium Price 500.55 8.80 1.79%
    S&P 500 1,882.95 -20.68 -1.09%
    Dow 15,944.46 -222.77 -1.38%
    Dow in GOLD $s 295.31 -2.63 -0.88%
    Dow in GOLD oz 14.29 -0.13 -0.88%
    Dow in SILVER oz 1,104.19 -7.42 -0.67%
    US Dollar Index 98.95 -0.18 -0.18%

    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 backed off $5.60 (0.5%) at $1,116.10 at the 12:30 Comex close, but soon as the Fed’s news hit the wires, jumped up $10 to $1,125.60. The SILVER PRICE on Comex fell 10.4¢ or 0.7% to $14.44 but rose only 2¢ in the aftermarket.

    Let’s focus on the GOLD PRICE, because silver is the follower right now. It reached up and touched the downtrend line from the October 2012 high. Nearly reached the 200 DMA at $1,133.64, but not quite. Expect the price of gold to show itself strong tomorrow. Very strong. Maybe strong enough for the Nice Government Men — bless their tinted-window white Plymouths! — to want to hit gold on the head. Doesn’t matter, the gold price is ready to rumble.

    Y’all have had your signal: you ought to be buying silver and gold.

    Again today the Fed illustrated its ability to roil markets. With the usual mumbling the Fed blew hot and cold out of both sides of its mouth. Stocks had held up well until the Fed statement at 2:00, when a giant vacuum cleaner hose snaked up out of the Earth’s Core and began sucking them down. Dow lost 222.77 (1.38%) to 15,944.46, casting any rally in doubt. S&P500 dropped 20.68 (1.09%) to 1,882.95. Bad, bad juju, Janet. You ought to just keep your mouth closed.

    US dollar index also hit the skids, dropping through the bottom boundary of that rising wedge (bad, bad) and closing at 98.95, barely above its 50 DMA (98.89) but below the 20 DMA (98.97). This is not yet fatal, but another 20 basis points and it will be. Euro rose 02.24% and may have broken out upwards, but the Yen dropped 0.2%. Go figure.

    That central bank socialism really works, don’t it? Just like a rattan steam engine.

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

    – Franklin Sanders, The Moneychanger
    The-MoneyChanger.com

    © 2016, 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 Smashed Through it's Resistance Shooting up $15.50 to $1,121.70

      0 comments
    26-Jan-16 Price Change % Change
    Gold Price, $/oz 1,121.70 15.50 1.40%
    Silver Price, $/oz 14.54 0.30 2.13%
    Gold/Silver Ratio 77.125 -0.558 -0.72%
    Silver/Gold Ratio 0.0130 0.0001 0.72%
    Platinum Price 875.20 15.00 1.74%
    Palladium Price 491.75 2.05 0.42%
    S&P 500 1,903.63 26.55 1.41%
    Dow 16,167.23 282.01 1.78%
    Dow in GOLD $s 297.95 1.10 0.37%
    Dow in GOLD oz 14.41 0.05 0.37%
    Dow in SILVER oz 1,111.61 -3.93 -0.35%
    US Dollar Index 99.13 -21.00 -17.48%

    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

    Today was the day SILVER and GOLD PRICES finally burst through, and they did it in the teeth of stock market strength. THIS is that strength we want to see.

    Today the GOLD PRICE smashed through $1,113 resistant and shot up $15.50 (1.4%) to shutter Comex at $1,121.70. Silver outran the gold price, spurting up 30.4¢ (2.1%) to $14.544.

    Since that low Friday the price of gold has steadily advanced. Somebody tried to cudgel it about 2:30 a.m. and knocked it from $1,117 back to $1,111, but it charged back with a vengeance, stopping just short of $1,125 resistance. Couldn’t ask much more for one day’s move. In fact, the gold price has generally kept climbing since the 14 January intraday low at $1,071.70. Close through $1,125 gives us lift-off to $1,155, next resistance.

    The SILVER PRICE likes to knocked the skin off its head, butting its way through $14.40, but kept at it until finally it burst through — then it was moving so fast it never stopped until $14.58. Closing near the top of the day’s range is also a strong sign.

    These are the two first-breakouts and confirmations we have been waiting for so long. Silver will run for its 200 DMA, now $15.19, and not far above that, at $15.50 will hit the downtrend line from the 2013 high. Above that is the Big One, the downtrend from the April 2011 high. But I’m getting ahead of myself. This time we will see a touch toward that 200 DMA and a first try to pierce that post 2013 downtrend line.

    Buttressing these conclusions are a probable bottom in platinum and in palladium, and the silver and gold price strength against stock strength.

    Buy the silver and gold breakout

    Of all the stupid headlines I’ve ever seen in the financial press, an unthinkably large number, today I saw one of the top stupidest: “Rally in oil prices pushes stock market higher.” How can rising fuel costs be good news for any stock except an oil producer? Mercy. Aggravated stupidity jes’ tahrs me out.

    Dow Industrials rose 282.01 (1.78%) to 16,167.23. S&P500 gained 26.55 (1.41%) to 1,903.63. That leaves the chart plainly saying that the low close on the 20th marked the beginning of a relief rally. Aiming for 20 day moving average (now 16,579.88) or 16,600 (S&P500 for 1,950). Lo, NOW is come the time for stock owners to lighten their load! Now is come the time to take advantage of this rise. If you don’t, sorrow and tooth clenching and hair pulling will result when the waterfall resumes.

    Dow in silver fell today 0.15% to 1,113.83 oz while Dow in Gold barely rose, up 0.7% to 14.41 oz. Yes, yes, yes.

    US Dollar Index

    US dollar index teetered and faltered wackely all day, peeling off 21 basis points to fall to 99.13. Since the dollar skidded form an intraday 99.56 on 21 January. If it crosses 99, it falls out of a rising wedge, usually fatal in wavering markets. Watch closely tomorrow, as a dollar plunge won’t hurt the silver or gold price a bit.

    Euro poked its itty head above the downtrend line and rose 0.15% to $1.0867. As Queen Victoria might say, “We are not impressed.” Still below the 20 DMA. Weak as orphanage gruel or federal government good will. Yen backed off 0.11% to 84.43, slap at the 20 DMA. Expect higher yen.

    Most hearty thanks for your prayers on Susan’s behalf in her eye surgery. She had the surgery early this morning, the surgeon said the results were great, and she’s home sleeping now. Kind of looks like a pirate, tho, with that eye patch. If she starts mumbling, “Aaargh, Matey!” I’ll get nervous.

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

    – Franklin Sanders, The Moneychanger
    The-MoneyChanger.com

    © 2016, 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.

  • Silver and Gold Prices are Packing Their Bags for a Rally, 2016 is the Year of Their Comeback

      0 comments
    25-Jan-16 Price Change % Change
    Gold Price, $/oz 1,106.20 9.00 0.82%
    Silver Price, $/oz 14.24 0.20 1.40%
    Gold/Silver Ratio 77.683 -0.449 -0.57%
    Silver/Gold Ratio 0.0129 0.0001 0.58%
    Platinum Price 859.70 30.00 3.62%
    Palladium Price 489.70 -8.70 -1.75%
    S&P 500 1,877.08 -29.82 -1.56%
    Dow 15,885.22 -208.29 -1.29%
    Dow in GOLD $s 296.85 -6.36 -2.10%
    Dow in GOLD oz 14.36 -0.31 -2.10%
    Dow in SILVER oz 1,115.54 -30.48 -2.66%
    US Dollar Index 99.31 -0.28 -0.28%

    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 the Comex the GOLD PRICE rose $9.00 (0.8%) to $1,106.20 while the SILVER PRICE jumped 19.7¢ (1.4%) to $14.24.

    Like prisoners of war digging a tunnel, silver keeps tapping on the ceiling, trying to break through. Hit that $14.36 high again today, but fell back to a $14.24 close. At least today it bulled its way past the $14.20 that blocked it last week. One more strong push will take it through $14.40 and off to the races.

    After last week’s little correction, it appears that the GOLD PRICE has begun climbing again. If so, ’twill confirm by closing over $1,113 tomorrow.

    Silver and gold prices are packing their bags for a rally. 2016 is the year of their comeback.

    A Zero Hedge article at http://bit.ly/1RHCgNZ reports that Norway’s biggest bank has now joined the chorus demanding cash currency be abolished. Don’t miss what this means: a ban on cash means government and central banking have COMPLETE CONTROL of your wealth. If they want to bail-in your assets to bail out the bank, you are nailed. If they want to force you to spend with negative interest rates on your balance, you’re stuck. If they want to cut you off as a non-person, they simply “close your account.” Besides, no cash, no bank runs possible. Gotcha!

    Remember there’s very little cash in the system anyway, about $1,000 per capita in the US. Legally it would be very difficult — absent the Tyrant’s Excuse, an “emergency” — to ban cash in the US, but that doesn’t mean the Fed and banks and yankee government wouldn’t try.

    Better than paper FERNs (Federal Reserve notes) are gold and silver. Not in a bank, but in your own safekeeping, beyond bail-ins, beyond forced spending, beyond a switch that makes you a non-person.

    I say no more. As my old first sergeant used to say, “A word to the wise is suffice.”

    US Dollar

    Well, shut ma mouf’! Stocks did not rally. Instead, they sank like an ax head in a stock tank. Backing off a tad wouldn’t have been so bad, but they backed clean over the cliff. Dow dropped 208.29 (1.29%), below 16,000, to 15,885.22. S&P500 dropped heavier, down 29.82 91.56%) to 1,877.08. Oh, I suppose they will still rally up toward 16,600, but stocks are even sicker than I thought, gaining 210.83 on Friday and losing 208.29 on Monday. Making two points every two days, they’ll gain ten points by next Monday.

    Euro

    USE any stock rally to shuck stocks and run for cover.

    Yen

    If the US dollar were a hound, I’d say somebody’s been feeding him pizened meat. Reached as high as 99.66 but had lost 28 basis points (0.28%) by the close. In other words, it puked back over half Friday’s 52 bps gain. This continued up and down punctuated by severe slides reflects weakness. Dollar’s strength has been sapped. Still, however, not proven that it will give up its rally ambitions. Needs first to close below 98.85, which would place it below both the 20 and 50 day moving averages.

    Euro is vibrating in the nose cone of an even-sided triangle. Rose 0.5% today to $1.0851, but this proves nothing.

    Yen is giving back some gains from its China-terror rally. Knocking on the 20 DMA (84.35) now. Closed today at 84.51, up 0.39%.

    Oil (WTIC) gave back today all and more than it gained on Friday. Down 5.92% to $30.34/bbl.

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

    – Franklin Sanders, The Moneychanger
    The-MoneyChanger.com

    © 2016, 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.