Due to the increase of compliance requirements requirements from governments around the world, GoldMoney is closing down the Payments option, which allowed transfers from one account to another. It enabled you to buy things from another GoldMoney customer and pay with GoldMoney. As of 21 January 2012 GoldMoney will no longer offer this service. In all other ways, GoldMoney remains the same, and it remains the only storage scheme in the world that I recommend.

This severely restricts the usefulness of GoldMoney as an alternative to government/bank monopoly fiat money. Once again, pointless moronic government regulation trumps entrepreneurial genius and human freedom. Government has saved you from the dangers of sound money.

Following up on my comments yesterday about unending secret detention under the National Defense Authorization Act, go see this link, raising suspicions they've been playing these tricks for a long, long time: www.impeachobamacampaign.com/did-eric-holder-provide-explosives-to-timothy-mcveigh/ Also, so freedom-loving "Conservative" needs to explain to me why Conservatives always sponsor this fascist legislation to kill basic constitutional rights, & hyper-liberals always vote against them. When this one passed the senate, only 7 senators voted against it, most of them liberals like Bernie Sanders of Vermont.

For those of us who just want to live free in an orderly world, the labels Conservative & Liberal have just about become useless.

Came out today that the European Central Bank (ECB), notwithstanding its loud protestations that it would NOT serve as lender of last resort, has doled out nearly half a trillion euros to 523 banks. in December. How has it passed out the money? Simply make loans to banks at bargain basement prices. But no, no, no, this isn't quantitative easing or Money Printing, just like it's not really stealing when you take stuff while nobody's looking.

I don't know, y'all tell me: is half a trillion new euros inflation?

Dollar index bounced back -- not a big bounce, just a tee-tiny bounce -- and that put the kabosh on stocks, silver, & gold. Readers keep on asking me why silver & gold seem to be moving together with stocks. In the short term, even for a year or more, they might move together, depending on market conditions-- investor fads. Over time, however, they do NOT trend together. Look at the chart of the Dow in Gold since 1999 or the Dow in Silver since 2001 & you'll see what I mean. Stocks have lost 85% against silver & gold since then.

Dow gained a phenomenal 4.16 points (0.03%) to close 12,107.74. S&P500 soared 2.42 points (0.19%). If the Dow cannot break through 12,200-ish, 'tis doomed to fail. In any event, they will severely lag gold & silver for the next 3-10 years.

Y'all need to go back & study the 1920-1923 German hyperinflation. Since stocks represent bricks & mortar, and since inflations generate speculation, German stocks rose hundreds of time but in the end they lost value. Silver & gold survived the hyperinflation with value intact.

Back to the scrofulous fiat currencies. The US dollar index rose 12.7 basis points (0.16%) not much but above the morale-boosting 80 level. Too early to state dogmatically, but so far looks like the dollar rally has survived this correction.

Euro sank 0.25% to 1.3047. Japanese yen lost a tad, 0.24%, to 128.08c/Y100 (Y78.04/$1). Yen isn't going to do much, but after this little correction, the euro will sink spectacularly.

Silver & gold backed off a bit, but sort of like a big monster with a two foot pistol at his belt backs off in a bar after he's stepped on your foot.

Gold lost 3.70 to close Comex at $1,611.90. Silver lost 29.8c to 2919.80. These prices lie on the lower side of today's range, since gold reached $1,641.23 today and silver 2962.6c. Lows came at $1,606.22 & 2911c.

I have just about flip-flopped from my bearish outlook on metals. The rise up of Monday's lows looks like an impulsive wave, and not corrective. That little robin doesn't by itself make a spring, but points strongly in that direction. The real test will come when metals correct after this rally and draws near the last lows at $1,562.50 & 2812c. If they can reach down there and not fall through, then rise just a leetle to confirm, we will have our buy signal. Of course, if they fall thru those levels, we'll know to wait a while.

Gold/Silver Ratio today closed at 55.206. That's not reached my 57.5:1 target yet, but if you swapped silver for gold at ratios below 42:1, swapping gold back into silver would give you a roughly 30% profit in ounces. Better do that quickly.

On 21 December 1937 Walt Disney presented the first full-length animated feature: Snow White & the Seven Dwarfs. Disney went forward with the film against all sorts of critics, but the $1.5 million show paid for itself in the first years.

Our question for today is, Name the Seven Dwarfs. Here are their initials: D, G, S, H, B, S, & D. If you can't name them, don't expect to get into Disneyworld.

Also, maybe somebody can tell me why it is the seven dwarFs instead of the seven dwarVEs. What about hoof/hooves?

After nearly 750 years of English domination, on 21 December 1948 Eire (Ireland) declared its independence. Some people never forget.

Argentum et aurum comparanda sunt —
Silver and gold must be bought.

— Franklin Sanders, The Moneychanger

Copyright Notice

© 2015 Little Mountain Corporation, d.b.a. The Moneychanger. All rights reserved. May not be republished in any form, including electronically, without our express permission.

Warnings and Disclaimers

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 trend is up, targeting 16:1 gold/silver ratio or $195.66; stock's primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold or 16 ounces of silver. US$ and US$-denominated assets, primary trend down; real estate bubble has burst, primary trend down.

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 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. For additional information, please see our Ten Commandments for Buying Gold and Silver.
• One final warning: NEVER insert a 747 Jumbo Jet up your nose.

Explanation of Terms

The US DOLLAR INDEX is the average exchange rate for the US dollar against the Euro, Yen, Pound sterling, Canadian Dollar, Swiss Franc, and Swedish Krona, weighted for each country's trade with the US. It gives a general measure of the US dollar's performance against all other currencies.

The DOW IN GOLD DOLLARS measures the Dow Jones Industrial Average in gold dollars (0.048375 troy oz. by law). The DiG$ depicts the Primary (20 year) Trend of stocks against gold. When the DiG$ is dropping, gold is gaining value against stocks in a trend that should last 15-20 years. The DiG$'s chart is identical to the Dow in ounces of gold, but gives us one unvarying measure all the way back to 1896. Because it shows the primary trend ("tide") of gold against stocks, for investors it is the single most important financial chart in the world today. Since its August 1999 high at G$925.42 (44.8 ounces), the DiG$ has trended down, targeting a G$80-G$20 (4-1 oz. of gold will buy the whole Dow).

The DOW IN SILVER OUNCES shows how many ounces of silver are needed to buy the entire Dow. The DiSoz is trending down with a target of under 36 ounces.

The GOLD/SILVER RATIO is the gold price divided by the silver price, and shows how many ounces of silver it takes to buy one ounce of gold. The Ratio shows us the Primary (20 year) Trend of gold's value against silver. When the Ratio's trend is dropping, silver is gaining value against gold. This trend targets a gold/silver ratio of 16 ounces of silver to one of gold within the next 5-10 years. That implies that silver will massively, vastly outperform gold before this bull market ends. When both metals are rallying, the ratio often (but not always) drops, confirming the rally.

Other Important Information

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