• Gold Price Gained 4.2% this Week Closing Up $46.70 at $1,159.60

    14-Aug-15 21-Aug-15 Change % Change
    Gold Price, $/oz. 1,112.90 1,159.60 46.70 4.2
    Silver Price, $/oz. 15.21 15.301 0.091 0.6
    Gold/Silver Ratio 73.169 75.786 2.617 3.6
    Silver/gold ratio 0.0137 0.0132 -0.0005 -3.5
    Dow in Gold $ (DIG$) 324.64 293.42 -31.22 -9.6
    Dow in gold ounces 15.70 14.19 -1.51 -9.6
    Dow in Silver ounces 1,149.07 1,075.73 -73.34 -6.4
    Dow Industrials 17,477.40 16,459.75 -1,017.65 -5.8
    S&P500 2,091.54 1,970.89 -120.65 -5.8
    US dollar index 96.46 95.00 -1.46 -1.5
    Platinum Price 992.70 1,026.50 33.80 3.4
    Palladium Price 617.00 604.17 -12.83 -2.1

    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 SILVER lost 21.6 cents (1.4%) to $15.301 on Comex while GOLD PRICE gained $6.60 (0.6%) to $1,159.60.

    Gold Price

    Clearly the GOLD PRICE is trying to take over the lead silver has held all year. That’s logical when financial panic is driving buying. Look at the gold chart on the right: See that sprint the last three days, where it makes a leap, then another leap, then another? That’s a third leg up. First leg took it up $40, third will take it $80 or more. Runaway. Aiming for the 200 dma at $1,187. Oh, it will back off then, but after that fourth wave down comes the fifth up, which in metals often exceeds the third. This rally may not rest until it has touched $1,250. If it gets really crazy, maybe $1,300+. Yeah, I know I sound crazy but remember, I don’t claim to be any thing but a nat’ral born durn fool from Tennessee. Good thing about that is I don’t never disappoint myself nor nobody else.

    Resistance at $15.60 and the downtrend line from the April 2013 high are presently blocking silver. Y’all had better stand OUT of the way when silver busts through. This rally should carry to the May high at $17.775.

    Better buy some silver and gold. Yes, there remains the chance that whatever financial panic the stock Niagara precipitates will suck down silver and gold into the whirlpool, but so far it’s sucking stocks and the dollar and floating silver and gold prices higher and higher. I’m jes’ a bit of flotsam on the wave, floating for all I’m worth.

    This week saw stock markets break not in the US alone but around the world — just as the week of 24 July saw silver and gold prices bottom. The US dollar fainted, passed out, and fell down a manhole.

    Considering the beating silver took during the week, it looks pretty good. The GOLD PRICE punched through two or three resistance levels. This metals rally is the genuine article.

    Stocks are crumbling and running all over the world, and the water ain’t even hot yet. What will they do when it gets really bad? Why, I’ll tell y’all what the Fed will do: QE4. They’ll puke out new money like a 16 year old boy projectile vomiting a six pack of Shiner Bock he unadvisedly guzzled in 23 minutes.

    Shanghai stock index lost 12.2% these week alone, and has fallen 32.3% from its June high. Here’s how US indices look FOR THE YEAR: Nasdaq 100, – 2%; Nasdaq Comp – 0.6%; Russell 2000 – 4%; Wilshire 5000, -4.2%; NY Stock Exchange, -9.4%; Dow Industrials – 7.6%; S&P500 -4.3%. From the May all time highs, the Dow Industrials index has lost 10.1% and the S&P500 7.5%

    Dow Jones
    S&P 500

    But today had ’em puking in their wastebaskets and phoning to housekeeping for more wastebaskets. Dow stepped off a cliff: down 530.94 or 3.12% to 16,459.75. S&P500 held hands with the Dow on the way down. It lost 64.84 or 3.19% to 1,970.89. Busted through that 2000 mark like it was a hollow core door. Here are 8 month charts of the Dow and S&P500.

    These here stocks are broken and can’t be fixed. Expect the Nice Government Men to step in when the bleeding slows from arterial to seeping to try to pump stocks up. ‘Twon’t work. They are broken.

    Party has just now begun. Fiddle is jes’ tunin’ up and the corks are jes’ now poppin’ out’n the jugs. Will-they, nill-they, everybody’ll be dancin’ to this here tune.

    Did I ever tell y’all that markets fall two or three times as fast as they rise? Yes, they do.

    Dow in Gold

    Dow in Gold and Dow in Silver are SCREAMING a market turn. Here’s the DiG, Y’all put that in your scrap book, you won’t see many fall like that. Sliced through the 200 DMA (G$310.70 gold dollars/15.03 oz) and never stopped till it hit G$293.33 (14.19 oz). Since the July high at the throwover (G$341.08/16.5 oz) the Dow in Gold has lost 14%. Has also fallen through the uptrend line that has been catching it since August 2013 (I make that 2 yares).

    Dow in Silver

    Dow in silver ended today at S$1,389.12 silver dollars (1,074.4 troy ounces), way below its 200 DMA (S$1,426.87/1103.6 oz) and below its uptrend line from August 2013.

    And both of ’em have just begun to fall. I repeat what I have long urged: Sell stocks and put the proceeds into silver and gold. There’s still time.

    USD Index

    My dear Susan thought I had suffered a heart attack when I opened the US dollar index chart and shouted, “WHOA!” That nasty thang stabbed through 95.50 support like it warn’t there then kept on falling just to get as close to the 200 DMA (94.60) as it could. It also closed under the apex of that triangle it broke out of in July. It just keeps nailing nails into its own coffin. Lost 94 basis points today to end at 95.00, down 0.97%.


    Euro meanwhile rose 1.32% to $1.1388, pretending it’s a debutante just cause the dollar passed out on the floor. It has broken above its downtrend line and today above its 200 DMA. Tain’t no debutante. Euro remains a scabby, scrofulous fiat currency and whoever grabs aholt of it will pull away a hand covered with slime. Technically the last three days saw the euro post two breakaway gaps, very strong.

    The yen also broke away with a gap today and gained 1.06% to 81.92.

    What in the world are the Nice Government Men thinking about? Their whole fiat world is a shakin’ and quakin’! Law, y’all, don’t look for no tears here in Tennessee, cause y’all won’t find ne’er a one.

    Y’all enjoy your weekend.

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

    – Franklin Sanders, The Moneychanger

    © 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.

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