The Moneychanger
Daily Commentary
Wednesday, 3 July a.d. 2013 Browse the commentary archive

The day before a holiday is never too exciting in any market, nor can you be sure that any movement on that day really means much.

Stocks were laboring in heavy mud early today, but pulled out about half way through the day to rise a face-saving amount. Dow added 56.14 (0.38%) to 14,988.55. S&P500 gained 1.33 (0.8%) to 1,615.41.

Since silver & gold advanced today, the Dow in Silver & Dow in Gold fell. Dow in silver fell 1.46% or 11.26 oz to 760.84 oz. Dow in gold fell 0.05 oz (0.43%) to 11.97 oz. In gold's case that closes the Dow in Gold below the rising bottom channel line.

US dollar index Fell 29.6 basis points (0.38%) for no clear reason. That becomes less clear in view of turmoil in Portugal. But in spite of that, the Euro rose 0.21% to $1.3006. Yen rose 0.68% to 100.10 cents/Y100. Dollar remains in a steep uptrend.

Don't know what Humpty Dumpty Bernanke will do about putting the bond market back together. It has broken out downside taking interest rates up. Poor Ben. May wind up in the Old Central Bankers Home.

Silver & gold had a right perky day. Gold gained $8.50 (0.68%) to $1,252.10. Silver scratched up 39.1 cents to end at 1968.9. Range was small today, gold trading from $1,256.54 to $1,245.43.

Silver has made an upside down head and shoulders reversal, but will gainsay that interpretation if it trades below 1930c. But to gain credibility, silver must close above 2000c, then jump a dollar quickly to 2100c.

Gold's chart doesn't quite look like silver's but it does have that spike bottom on 27 & 28 June. It's just too early to say yet that these are "THE" bottom we've been looking for, but the timing late in June supports that thesis. Let's see how July plays out.

Y'all enjoy your Fourth of July holiday, and go easy on the fireworks. Well, and the firewater, too. SPECIAL OFFER: Krugerrands

The Krugerrand came along in 1967 & revolutionized the gold coin market with a simple idea: a gold coin containing exactly one troy ounce of gold. By 1980 it had captured 90% of the gold coin market.

The South African Krugerrand is rose-gold, an alloy of 91.67% gold (22 karat) and 8.3% copper. Its gross weight is 1.090 troy ounces (33.93 grams) and its fine gold content is exactly 1.0000 troy oz. (31.1034 grams). Because the Krugerrand was so popular world wide, the US adopted the same specifications when it began minting the American Eagle in 1986.

Krugerrands are lately about $20 cheaper than American eagles, but I bought a big lot of them & until that supply runs out, will sell them $17.50 cheaper than that, i.e., at $1,302.50.

I will sell these Krugerrands in lots of Three (3) coins each at $1,302.50, or $3,907.50 plus $35 shipping., total $3,942.50. At $1,252.10 spot gold, that's a 4% premium.

If you order more than one lot, add only one $35 shipping charge.

Limit Fifteen (15) lots per customer.

All lots are sold subject to the special conditions below, no exceptions. No re-orders at these prices.

Special Conditions:

First come, first served, and no re-orders at these prices. I will write orders based on the time I receive your e-mail.

We will not take orders for less than the minimum shown above.

All sales on a strict "no-nag" basis. We will ship as soon as your check clears, but we allow Two weeks (14 days) for your check to clear. Calls looking for your order two days after we receive your check will be politely and patiently rebuffed. ORDERING INSTRUCTIONS:

1. You may order by e-mail only to No phone orders, please. Please do NOT order by replying to this email, because it will delay your email.

Your email must include your complete name, address, & phone number. We cannot ship to you without your address. Sorry, we cannot ship outside the United States or to Tennessee.

Repeat, you must include your complete name, address, and phone number. Our clairvoyant quit without warning last week and we can no longer read your mind.

2. When you buy from us, we cannot later change or cancel the trade. We are giving you our word that we will sell at that price, & you are giving us your word that you will sell at that price, regardless what later happens in the market, up or down.

If you break your word to us, we will never again do business with you.

3. Orders are on a first-come, first-served basis until supply is exhausted.

4. "First come, first-served" means that we will enter the orders in the order that we receive them by e-mail.

5. If your order is filled, we will e-mail you a confirmation. If you do not receive a confirmation, your order was not filled.

6. You will need to send payment by personal check or bank wire (either one is fine) within 48 hours. It just needs to be in the mail, not in our hands, in 48 hours.

7. "No Nag Basis" means that we allow fourteen (14) days for personal checks to clear before we ship. Want your order faster? Send a bank wire, but that's not required. Once we ship, the post office takes four to fourteen days to get the registered mail package to you. All in all, you'll see your order in about one month if you send a check.

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
3-Jul-13 Price Change % Change
Gold, $/oz 1,252.10 8.50 0.68%
Silver, $/oz 19.69 0.39 2.03%
Gold/Silver Ratio 63.594 -0.848 -1.32%
Silver/Gold Ratio 0.0157 0.0002 1.33%
Platinum 1,345.30 -21.00 -1.54%
Palladium 684.10 -3.00 -0.44%
S&P 500 1,615.41 1.38 0.09%
Dow 14,988.55 56.14 0.38%
Dow in GOLD $s 247.46 -0.76 -0.31%
Dow in GOLD oz 11.97 -0.04 -0.31%
Dow in SILVER oz 761.27 -12.52 -1.62%
US Dollar Index 83.24 -0.30 -0.35%
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: 1,252.80      
GOLD Fine Tr.Oz. BID ASK $/oz
American Eagle 1.00 1,287.88 1,293.52 1,293.52
1/2 AE 0.50 638.42 659.91 1,319.82
1/4 AE 0.25 319.21 336.22 1,344.88
1/10 AE 0.10 131.44 137.18 1,371.82
Aust. 100 corona 0.98 1,219.40 1,230.40 1,255.25
British sovereign 0.24 296.68 308.68 1,311.29
French 20 franc 0.19 233.90 240.90 1,290.29
Krugerrand 1.00 1,265.33 1,277.33 1,277.33
Maple Leaf 1.00 1,267.80 1,282.80 1,282.80
1/2 Maple Leaf 0.50 720.36 657.72 1,315.44
1/4 Maple Leaf 0.25 319.46 335.12 1,340.50
1/10 Maple Leaf 0.10 132.80 136.56 1,365.55
Mexican 50 peso 1.21 1,502.82 1,513.50 1,255.29
.9999 bar 1.00 1,257.18 1,268.18 1,268.18
SPOT SILVER: 19.81      
SILVER Fine Tr.Oz. BID ASK $/oz
VG+ Morgan $B4 1905 0.77 26.00 29.00 37.91
VG+ Peace dollar 0.77 24.00 27.00 35.29
90% silver coin bags 0.72 15,594.15 16,094.15 22.51
US 40% silver 1/2s 0.30 5,652.20 5,802.20 19.67
100 oz .999 bar 100.00 1,971.00 2,051.00 20.51
10 oz .999 bar 10.00 203.10 204.10 20.41
1 oz .999 round 1.00 19.91 20.71 20.71
Am Eagle, 200 oz Min 1.00 21.06 22.61 22.61
SPOT PLATINUM: 1,345.30      
Plat. Platypus 1.00 1,370.30 1,410.30 1,410.30
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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.

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.