The Moneychanger
Daily Commentary
Thursday, 21 March a.d. 2013 Browse the commentary archive

Not supposed to send y'all a commentary today, but I couldn't resist telling y'all about today.

Silver broke out of that pennant/triangle today, toward the stratosphere. Rose 39.6 cents & closed 2917.9c. Gold bounced back after yesterday's stumble to gain $6.30 and close Comex at $1,613.80.

Gold barely extended its trading range with a high at $1,616.34. Low came at a$1,606.90 -- higher highs, higher lows.

That's gold's eighth day above and outside the pennant it broke out of. Don't know how much more confirmation you might need. Must now pass some milestones, like $1,625 - $1,630 but it's on the road.

I wrote yesterday that silver was the buzzing fly in the ointment. 'Tain't no more. Busted clean through that upper resistance line and clean through the 20 day moving average (2887c). Next hurdle is 3050c.

All clear for a continuing rally, unless silver closes below 2900c and gold below $1,600. Watch gold, since it's the leader right now.

That ain't all. Dow in Silver gapped down today, punched into the 20 DMA and closed at 494.9 oz., practically on top of the 20 DMA at 494.58. It has fallen down out of a rising wedge, so should follow through vigorously toward the earth's core.

Dow in Gold fell again, down to 8.94 oz. This elevator's headed down!

Y'all ought not to view events in Cyprus as too distant to affect you. Ask not for whom the Cypriot bell tolls, it tolls for you. Imagine if you couldn't withdraw money from your bank for a week. EVERY family ought to have a three-month (3 month) supply of cash. Cash -- green paper money -- forms only a tee-tiny percentage of the money supply, most of which is electrons careening around in bank computers. Get some green paper money in your own hands, & keep it where you have 24-hour access.

Likewise everyone ought to have some US 90% silver coin for use as money in case the green paper money fails. Don't know how to trade with it or value it? Go to www.silverandgoldaremoney.com, the conversion website Catherine Fitts & I put up. Can convert from 50 or 60 paper currencies into more than 100 forms of silver & gold. Don't tell me you can't, 'cause we've made it possible.

Y'all, don't keep putting off these simple monetary preparations. Cyprus today, US tomorrow -- the same thieves run things here. Take care of your family.

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

— Franklin Sanders, The Moneychanger

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Market Snapshot See more charts and market data
21-Mar-13 Price Change % Change
Gold, $/oz 1,613.80 6.30 0.39%
Silver, $/oz 29.18 0.40 1.38%
Gold/Silver Ratio 55.307 -0.542 -0.97%
Silver/Gold Ratio 0.0181 0.0002 0.98%
Platinum 1,579.10 -2.40 -0.15%
Palladium 755.05 -1.35 -0.18%
S&P 500 1,545.82 -12.89 -0.83%
Dow 14,421.72 -90.01 -0.62%
Dow in GOLD $s 184.73 7.50 4.23%
Dow in GOLD oz 8.94 0.36 4.23%
Dow in SILVER oz 494.25 -9.93 -1.97%
US Dollar Index 82.78 -0.09 -0.11%
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: 1,614.50      
GOLD Fine Tr.Oz. BID ASK $/oz
American Eagle 1.00 1,658.09 1,668.59 1,668.59
1/2 AE 0.50 826.92 853.67 1,707.33
1/4 AE 0.25 417.49 434.91 1,739.62
1/10 AE 0.10 169.42 177.19 1,771.91
Aust. 100 corona 0.98 1,579.53 1,585.53 1,617.56
British sovereign 0.24 382.33 392.33 1,666.67
French 20 franc 0.19 301.43 304.43 1,630.57
Krugerrand 1.00 1,637.50 1,647.50 1,647.50
Maple Leaf 1.00 1,624.50 1,639.50 1,639.50
1/2 Maple Leaf 0.50 928.34 847.61 1,695.23
1/4 Maple Leaf 0.25 411.70 431.88 1,727.52
1/10 Maple Leaf 0.10 171.14 175.98 1,759.81
Mexican 50 peso 1.21 1,936.71 1,952.60 1,619.48
.9999 bar 1.00 1,620.15 1,631.15 1,631.15
SPOT SILVER: 29.18      
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 21,757.45 22,293.45 31.18
US 40% silver 1/2s 0.30 8,239.35 8,609.35 29.18
100 oz .999 bar 100.00 2,918.00 2,958.00 29.58
10 oz .999 bar 10.00 296.80 297.80 29.78
1 oz .999 round 1.00 29.28 29.73 29.73
Am Eagle, 200 oz Min 1.00 30.43 31.53 31.53
SPOT PLATINUM: 1,579.10      
PLATINUM Fine Tr.Oz. BID ASK $/oz
Plat. Platypus 1.00 1,604.10 1,644.10 1,644.10
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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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