• Gold Price Rose $1.30 or 0.11 Percent Today Closing at $1,077.60

    9-Dec-15 Price Change % Change
    Gold Price, $/oz 1,077.60 1.20 0.11%
    Silver Price, $/oz 14.16 0.07 0.52%
    Gold/Silver Ratio 76.080 -0.309 -0.40%
    Silver/Gold Ratio 0.0131 0.0001 0.41%
    Platinum Price 856.60 19.20 2.29%
    Palladium Price 552.20 4.95 0.90%
    S&P 500 2,047.62 -13.53 -0.66%
    Dow 17,492.30 -15.67 -0.09%
    Dow in GOLD $s 335.56 -0.68 -0.20%
    Dow in GOLD oz 16.23 -0.03 -0.20%
    Dow in SILVER oz 1,234.98 -7.51 -0.60%
    US Dollar Index 97.33 -1.13 -1.15%

    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 rose 1.30 to $1,077.60 on Comex. SILVER, relatively weaker the last few days, rose 7.3 cents to $14.164, still mired under the 20 DMA ($14.17).

    Somebody has to explain the silver and GOLD PRICE laziness here. The price of gold can’t get over its 20 DMA ($1,070.52) or its $1,080 resistance. Silver has just gone plumb to sleep.

    Odd, this behavior. Odder still with today’s big US dollar index tumble. Silver and gold price charts still look fine, indicators all point up, both have traced out V-bottoms, both have begun climbing. Only remains to ask, Why are they stalled?

    Durn! Y’all didn’t expect me to know, did you? I’m no more’n a nat’ral born durn fool from Tennessee. I can ask a milyun questions, but can’t answer a danged one. Course, sometimes asking the RIGHT question might be better than spoutin’ a bunch of no-good answers.

    Bottom line is markets are worried, worried today, but that worry isn’t slopping over into demand for silver and gold prices — yet.

    US Dollar

    Today the US dollar index for little apparent cause fell 113 basis points (1.15%) a huge loss. That leaves the Great Drop on 3 December looking more and more like a permanently broken rally. Dollar’s plunge today left it below the 50 DMA (97.53) and within easy striking distance of the 200 DMA (96.78). Some ECB apparatchik said something about the dollar’s fall on 3 December arising from too high expectations about what the ECB would announce. That must have set speculators to scratching their heads about what the Fed might do, and a flood of ’em decided skedaddling was the better part of valor. This chart shows their tracks.

    Santa Claus rally notwithstanding, stocks can’t get up and fly. Dow sank 15.67 (0.77%) to 17,492.30. S&P500, however, fell much more, 13.53 or 1.17% to 2,047.62. Dow in Gold and Dow in Silver turned down again, too.

    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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