• Gold Price Will Move Higher, Soon – Won't Stop Till it Touches $1,450.00


    13-Jul-16 Price Change % Change
    Gold, $/oz 1,342.40 8.30 0.62%
    Silver, $/oz 20.37 0.24 1.19%
    Gold/Silver Ratio 65.901 -0.373 -0.56%
    Silver/Gold Ratio 0.0152 0.0001 0.57%
    Platinum 1,096.70 2.30 0.21%
    Palladium 644.30 15.30 2.43%
    S&P 500 2,152.43 0.29 0.01%
    Dow 18,372.12 24.45 0.13%
    Dow in GOLD $s 282.91 -1.38 -0.49%
    Dow in GOLD oz 13.69 -0.07 -0.49%
    Dow in SILVER oz 901.92 -9.54 -1.05%
    US Dollar Index

    On Thursday night, 14 July 2016 at 6:30 p.m. I’ll be speaking at the Huntsville Tea Party meeting at Whitesburg Baptist Church, 3911 Pulaski Pike NW, Huntsville 35810. I’ll be talking about the bank credit(debt) boom bust cycle, springing off Tilden Freeman’s 1935 book, A World in Debt. 
    I will be showcasing my one and only natural gift, Stating the Obvious, but in an age of Liars, Spin-Doctors, & Reality-Deniers, that ain’t no gift to sneeze at. 
    I heard the celebratin’ has waxed so jinral in New York that they done run out of champagne. Having to fly it in from France & New Jersey. 
    Might ought to slow down on that celebratin’. Stocks cooled markedly today. Dow rose 24.45 (0.13%) to 18,372.12 and the S&P500 got out its electron microscope and rose 0.29 (0.1%) to 2,152.43. That leaves me remarkably underrated. 
    US dollar index fell 28 basis points (0.29%) to 96.21. Same old stalling action, dirty carburetor or clogged fuel filter. Ain’t got no get up & go. Looks very outlandish, considering the rest of the world’s shape. 
    Gold bounced right back after two days’ tribulation to close up $8.30 (0.6%) at $1,342.40. Silver gained 24¢ to 2037¢. Garlicky. 
    Gold closed just below the upper channel boundary, but that don’t concern me none a-tall. Gold Price will move higher, soon. Tomorrow’s my guess. Won’t stop till it touches $1,450.00 
    Silver Price also is dancing upon its upper boundary line. Expect higher prices tomorrow. Today silver reached a new high close for the year. 
    On the five day charts both silver & gold posted credible lows yesterday, little double bottom affairs. That points both up tomorrow. 

    New York draft riots began on 13 July 1863, resulting in more than 1,000 casualties. They were only stopped byre-assigning yankee army units from killing Southerners to killing New Yorkers.

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

    – Franklin Sanders, The Moneychanger

    © 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.  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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