Tragic news item today: The Energizer bunny has been arrested. Charged with battery.

This week's scorecard is practically unchanged from last week's, save for platinum & palladium, which dropped more than 4%.

This first week of the Brave New World of unlimited QE & infinite money printing was, well, not much. Certainly it tried to keep the stock market floating, & helped gold, but other than that it was just Corruption as Usual. But something outlandish did occur with silver & gold today. More below.

The US dollar index fell a gnat's eyebrow, 6.5 basis points (0.08%) to 79.323. Dollar has done falling for a little while (note "little"). It can't climb much higher than 80. However, it may crab along sideways for a few days.

Euro is busy gainsaying its breakout (above the downtrend line) last week, sliding down the line like a drunk on a lamppost. That line is about where it closed today, $1.2986 (US$1 = E0.7701), so if it closes below that next week it will drop back to 126.20 & fill in that breakaway gap.

Japanese Yen looks raggeder than the euro, having fallen away from the downtrend line (about 130c) like a fat rock into a deep well. Now jiggling along above its 20 & 50 day moving averages, which are right next to each other.

Fiat currencies -- they have all the attractions of a three day old roadkilled armadillo.

STOCKS had a really bad day. They rose to a new high for the move, but closed lower. That's the first half of a key reversal, but to confirm must close lower on Monday. Dow lost 17.48 (0.13%) today after trading much higher in the morning then sliding through the day. Almost every other index closed down, too. S&P500 lost 0.09 to 1,460.17.

This will end in wailing, sorrow, & gnashing of teeth. Technically this is the second touch off this point -- a double top? Stay away from stocks.

Silver chiseled off 5.1 cents to 3456.7c while gold gained $7.80 to 1,775.50.

Very strange day. Just on the open silver & gold shot straight up, traded sidewise for almost two hours, then fell off the cliff. Rest of the day was fairly calm.

Both went to new highs for the move, 3517c and $1,787.10. The whole move looks something like an island reversal, complete with the little gaps. Silver's looks the same, but not quite. Gold, after all, closed HIGHER, but silver a little lower. Today might mark the break to a correction. Any close next week above $1,776 would immediately gainsay that & send gold running for $1,800 before it runs out of steam.

Rest easy, y'all -- the world's best friends of gold, Bogus Ben Bernanke & Super Mario Draghi are carrying us to the Brave New World of unlimited inflation. They are guaranteeing you that your silver & gold will double, triple, or quintuple before all this ends. If silver & gold do correct, buy with both hands.

On 21 September 1792 the French National Convention voted to abolish the monarchy. They'd have done better to abolish the French National Convention.

On 21 September 1873 it was Black Friday, the first time the New York Stock Exchange had to close because of a banking crisis -- and not the last.

On 21 September 1931 Great Britain went off the gold standard. So, explain to me how this differs from today?

I've been making y'all a special pre-publication offer for my new book, At Home In Dogwood Mudhole. There's a story in there called "Pig Persuader" that will leave you laughing breathlessly, at my expense. Then there's the tale of the horses running away with the wagon -- terrifying, but I can't keep from laughing.

Don't take my word for it. If you read AHIDM & it doesn't make you laugh, cry, and your heart soar, I'll refund your money & you can keep the book & use it to shim up your old rickety washing machine.

Yesterday I made a Special-Special Offer of two copies for one for the first person to order from states or countries we had no orders from. Orders came in from: Alaska Iowa Kentucky Maryland Nebraska New Jersey South Dakota West Virginia Foreign countries (now 24): Bahrain China India Indonesia Japan Lebanon Malaysia Monaco The Netherlands Romania Solvenia, & Switzerland.

Thanks to all of y'all for those orders yesterday. I honored and amazed by the universal interest in At Home in Dogwood Mudhole.

But we still need orders from a few states, & of course lots of foreign countries. If you order from these states and you'll still get Two-For-One if you are first to order (same goes for foreign countries that haven't ordered yet). Delaware Louisiana Maine Rhode Island, & Wyoming.

To order, go to http://bit.ly/ahidm-vol1 First come, first served.

Whoa! And thanks, Australia. I've gotten more orders from Oz than any other foreign land. Y'all won't regret it.

Y'all enjoy your weekend.

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

This is not an offer to buy or sell. Prices subject to change without notice. To enter an order, call us at (888) 218-9226 or (931) 766-6066. Sorry, no sales to Tennessee.

For complete details on how to buy from us or sell to us, please click here.