The Moneychanger
Weekly Commentary
Friday, 15 March a.d. 2013 Browse the commentary archive
Here's the weekly scorecard:
  8-Mar-13 15-Mar-13 Change % Change
Silver, cents/oz. 2,890.90 2,881.70 -9.20 -0.3
Gold, dollars/oz. 1,576.60 1,592.50 15.90 1.0
Gold/silver ratio 54.537 55.263 0.730 1.3
Silver/gold ratio 0.0183 0.0181 -0.0002 -1.3
Dow in Gold Dollars (DIG$) 188.77 188.40 -0.37 -0.2
Dow in gold ounces 9.13 9.11 -0.02 -0.2
Dow in Silver ounces 498.01 503.66 5.65 1.1
Dow Industrials 14,397.07 14,514.11 117.04 0.8
S&P500 1,541.18 1,560.70 19.52 1.3
US dollar index 82.77 82.24 -0.53 -0.6
Platinum 1,601.90 1,591.40 -10.50 -0.7
Palladium 780.65 773.70 -6.95 -0.9

I'll admit I've had a dark cloud hanging over me lately. Just seems that the Rot is progressing faster than I can acclimate to it. Somehow the yankee government refusing to say it won't use drones in the US seems to me the same as saying it WILL use them. Call me old-fashioned, but a government claiming it has power & authority to kill its own citizens seems to contradict all the purposes of government. I won't even mention the signs the yankee government is planning once again to wage war on its own people -- Homeland Security ordering a billion rounds of hollow point ammo (banned in international warfare) and more armored vehicles that the Germans had when they invaded France in 1940. They need those like a fish needs a bicycle -- unless they're up to no good.

Yep, I know some of y'all with call me paranoid, goofy, squirrelly, all of that, but you have never had a SWAT team on your back porch. A day is coming when y'all are going to have to overcome your fear of government & stand up for your neighbors. Otherwise, when they come for you, there'll be nobody to stand up for you.

Criminal to resist? That's what they want you to think, & that it's criminal to insist on your rights. I reckon morality depends on your viewpoint, & what they call good behavior might also be called cowardice & treason to your fathers and your children. Got to choose.

But shoot! What do I know, a natural born fool from Tennessee? We're so backward some of us here still believe in the God of the Bible.

By the way, after I recommended to y'all that video, http://www.youtube.com/watch?v=u4Ku17CqdZg about how to answer agents at a checkpoint & stand up for your rights against unreasonable searches, I got an email from a subscriber who frequently crosses the border in New Mexico. He said agents' attitudes were fundamentally altered. You don't reckon a bunch of folks saw that video and acted on it, do you?

I saw a census report that one in three counties is now dying off due to weakened local economies. Young people move away & only the old are left, & these are mostly rural counties. Here's something you -- even little you -- can do to fight The Rot & rebuild your local economy: buy local food. That's the starting point. For more, see my YouTube video, "Rebuilding Your Local Economy," 46 minutes at http://bit.ly/ZbXd5H

Okay, I'm gonna cheer up now & get mean, plumb mean, so mean I can chew nails and spit out iron filings.

Stocks ground relentlessly to new tops this week, setting up for a big drop. Probably this top coming soon won't be the ultimate top, but the drop will have all those presently smugly cocksure that they are investing geniuses puking in their wastebaskets. Ultimate top should come later this year.

Dow fell 25.03 (0.17%) today to 14,514.11 while the S&P500, still unable to reach that 2007 top by two tiny points, fell 2.53 (0.16%) to 1,560.70.

Dow in Gold & Dow in Silver are still moving sideways, although the Dow in Silver inched a little higher to 504.74 oz. Both charts look very, very toppy.

Currencies moved around, but without any great changes. US dollar index fell 33.9 basis points (-0.44%) to 82.236. Yen poked its head up 0.79% to 104.89 cents per 100 yen. Euro did gap up a little to touch its 20 day moving average, gaining 0.54% to $1.3074. 20 DMA stands at $1.3102. I don't believe this amounts to more than a bounce in a downtrend. Today argues that the US Dollar has broken its uptrend, but it has yet to confirm that with lower prices.

GOLD today hit $1,598.54, pounding on that $1,600 door with both fists, but closed up only $1.90 at $1,592.50.

SILVER gained a measly 4.5 cents to close at 2881.7c.

Today left gold still above and outside that pennant it broke out of (upward) earlier this week. Indicators all argue that gold made a bottom at 1554.30 in February, then a higher low six days ago at $1,560.40. Any price lower than $1,570 (the apex of that pennant) would gainsay that conclusion that gold has reversed heaven-ward.

Silver slightly pierced the bottom boundary of its pennant, then traded back up into it today, nearly closing above its 20 DMA at 2891c. Here, too, all the indicators and sentiment all point to a reversal.

I expect to see silver & gold break out above 2950c & $1,600 next week. Now, saying that I'm crawling out on a limb with a chainsaw in one hand, but I'm willing to take that chance. It's still unclear, but when stocks break (before end-March) that should help gold and silver.

A National Treasure is a person who by his contribution to culture or science has earned the thanks of the entire nation. Integrative physician Dr. Jonathan Wright of Tahoma Clinic in Seattle is just such a national treasure, which of course means that the Washington State medical board (Medical Quality Assurance Commission) has tried has tried to put him out of practice over 25 times since 1970. Vendetta? Naww, just an accident of socialist bureaucracy.

For the whole story, go to the Alliance for Natural Health & read the article, "Washington State Medical Board Endangers Public Health & Safety," at http://bit.ly/ZnbSK4

That article will explain how the board is attacking Dr. Wright this time, for an alleged offense that is in fact the board's fault. The hearing takes place next week, 18 - 20 March. Dr. Wright's license is at stake. At the bottom of the article you'll find a green button, "Take Action!" Click on that button and a form offers you a letter of protest that will go to the governor, state senators, & state representatives. Unfortunately only Washington residents can send this email.

I seldom ask y'all for a favor, but I am leaning on you this time, for the sake of this wise and faithful man who has helped hundreds of thousands of people. It won't take you ten minutes. Is it worth 10 minutes to raise your voice against a railroading travesty of justice? And if you have friends who live in Washington state, send them this email and ask them to send an email through ANH-USA.org. Thanks.

Y'all enjoy your weekend!

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

— Franklin Sanders, The Moneychanger

Your source for gold and silver. Read our latest reviews and testimonials.
Market Snapshot See more charts and market data
15-Mar-13 Price Change % Change
Gold, $/oz 1,592.50 1.90 0.1
Silver, $/oz 28.82 0.05 0.2
Gold/Silver Ratio 55.263 0.065 0.1
Silver/Gold Ratio 0.0181 0.0000 0.2
Platinum 1,591.40 3.60 0.2
Palladium 773.70 4.90 0.6
S&P 500 1,560.70 -2.53 -0.2
Dow 14,514.11 -25.03 -0.2
Dow in GOLD $s 188.40 -0.53 -0.3
Dow in GOLD oz 9.11 -0.03 -0.3
Dow in SILVER oz 503.66 -1.66 -0.3
US Dollar Index 82.24 -0.34 -0.4
IMPORTANT NOTE: The following are wholesale, not retail, prices. To figure our retail selling price, multiply the "ask" price by 1.035. To figure our retail buying price, multiple the "bid" price by 0.97. Lower commissions apply to larger orders, higher commissions to very small orders.
SPOT GOLD: 1,592.80      
GOLD Fine Tr.Oz. BID ASK $/oz
American Eagle 1.00 1,635.81 1,646.16 1,646.16
1/2 AE 0.50 815.80 842.19 1,684.39
1/4 AE 0.25 411.88 429.06 1,716.24
1/10 AE 0.10 167.14 174.81 1,748.10
Aust. 100 corona 0.98 1,558.26 1,564.26 1,595.86
British sovereign 0.24 377.19 387.19 1,644.84
French 20 franc 0.19 297.38 300.38 1,608.87
Krugerrand 1.00 1,615.80 1,625.80 1,625.80
Maple Leaf 1.00 1,602.80 1,617.80 1,617.80
1/2 Maple Leaf 0.50 915.86 836.22 1,672.44
1/4 Maple Leaf 0.25 406.16 426.07 1,704.30
1/10 Maple Leaf 0.10 168.84 173.62 1,736.15
Mexican 50 peso 1.21 1,910.68 1,926.44 1,597.78
.9999 bar 1.00 1,598.37 1,609.37 1,609.37
SPOT SILVER: 28.82      
SILVER Fine Tr.Oz. BID ASK $/oz
VG+ Morgan $B4 1905 0.77 30.50 34.00 44.44
VG+ Peace dollar 0.77 28.00 31.00 40.52
90% silver coin bags 0.72 21,500.05 22,036.05 30.82
US 40% silver 1/2s 0.30 8,133.15 8,503.15 28.82
100 oz .999 bar 100.00 2,882.00 2,922.00 29.22
10 oz .999 bar 10.00 293.20 294.20 29.42
1 oz .999 round 1.00 28.92 29.37 29.37
Am Eagle, 200 oz Min 1.00 30.07 31.17 31.17
SPOT PLATINUM: 1,591.40      
PLATINUM Fine Tr.Oz. BID ASK $/oz
Platinum Platypus 1.00 1,616.40 1,656.40 1,656.40
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© 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.

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