• Gold Price Rose $3.20 this Week Ending at $1,069.40

    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

    © 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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