The Moneychanger
Daily Commentary
Wednesday, 12 February a.d. 2014 Browse the commentary archive

Absent a goose from Fed propagandist & new Head Criminal Janet Yellen or other prevaricating persiflage, stocks foundered today & kept falling behind. Had the feel of a projectile reaching the high point of its trajectory & beginning its fall back earthward.

Dow fell down 30.83 (0.19%) to 15,963.94 while the S&P500 only backed off 0.49 (0.3%) to 1,819.26, but then, the S&P500 has been stronger than the Dow throughout this little rally. Dow has recovered about 50% of its fall, S&P500 about 75%.

If this rally is only correcting the preceding drop, that ought to mark the limit of it. On the other hand, it might continue, even to make slightly new highs, yet is the end nigh & growing nigher all the time. Dow in Gold & Dow in Silver both dropped again today, but only slightly. Both are adumbrating that they intend to fall much, much further.

That slouching, scrofulous beast the US Dollar index leapt three (3, count 'em) basis points today to 80.75. It's stuck between its 50 DMA below (80.70) & 20 DMA above (80.95), spinning wheels & going nowhere fast.

Yet the dollar's lethargy aided not the euro, which sank like a lump in a churn, gapping down below all its clustered 20 & 50 & 62 day moving averages, backing away from that old uptrend line like Dracula crawfishing from a crucifix. Makes me wonder if the euro currency is foretelling more euro turmoil soon.

Yen rose only 0.11% to 97.57 cents/Y100. Japanese Nice Government Men have slapped it silly, trying to break its rally.

Gold made good yesterday's breakout through the December high by adding another $5.20 (0.4%) & pushing to the top of the resistance area with a $1,295.30 close. It's a scant $5 from here to $1,300, a price Gold hasn't seen since November last.

Yesterday gold broke upward through the neckline of an inverted head and shoulders sketched from November through yesterday. The breakout targets $1,368, about where Gold was stopped in August.

Don't forget, either, that gold last week broke through that downtrend line from April 2013. Ought to keep climbing the rest of February.

Silver gained only 18.8 cents (0.93%) to 2033.1c, still lagging gold. I imagine the vulture sellers are lined up six deep at 2050c, waiting for their chance to sell again, but silver is about to push through the lot of them. Above stands the 200 DMA at 2118c, which, after all silver has been beaten up the last two years, looks like the Holy Grail.

Silver closing over 2050c will be the last confirmation that metals are rallying and intend to pull on their seven league boots. Get ready.

Today at age 91 the matchless comedian Sid Caesar passed away. I remember sitting on the floor in front of the TV watching his "Show of Shows."


Here's my Valentine's Day greeting to you, reduced retail prices for American Eagle gold coins and for US 90% silver coins. These are the ultimate small coin barter or survival packages.

All prices based on spot gold at $1,295.30 & spot silver at $20.33.

OFFER No. 1.

One each one-half ounce American Eagle at $696 plus two (2) each one-fourth oz. American Eagle at $351.30 plus Five (5) each one-tenth oz. American Eagle at $147.15, a total of 1-1/2 troy ounce of gold for $2,134.35 plus $35 shipping or a total of $2,169,35. I have only 12 lots

OFFER No. 2.

One (1) each one oz. gold American Eagle at $1,369, four (4) each one-fourth American Eagles at $351.30, Ten (10) each one-tenth American Eagles at $147.15, subtotaling $4,245.70 plus $35 shipping, a total of $4,280.70. Totals three oz, Twelve lots only.

OFFER No. 3.

Ten (10) each one-fourth oz. gold American Eagles at $351.30 & Four (4) each one-tenth oz. American Eagles at $147.15, a total of 2.9 oz for $4,101.60 plus $35 for shipping, a total of $4,136.60. FIVE lots only, 2.9 oz pure gold.

OFFER No. 4.

US 90% silver coin contains 0.715 troy ounce of pure silver per one dollar face value (10 dimes, 4 quarters, or 2 halves), so this $140.00 sack I'm offering contains 100.1 troy ounces. You get $140.00 face value US 90% silver coin at $15.658 on the dollar, denomination of our choice, for $2,192.12 plus $35 shipping for a grand total of $2,227.12.

NOTE: I will levy only one shipping charge per order no matter how many lots you order, but if you mix silver & gold, I will add $10 for a total of $45 shipping.

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. Send email to

Sorry, 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.

It increases your chances of getting your order filled if you offer me a second choice, e.g., "I want to order One of Lot 2, but if not available will take One of Lot 2." 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, then I tripped, dropped, & smashed my crystal ball, & our fortune-teller is on strike, so I 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 buy 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
12-Feb-14 Price Change % Change
Gold, $/oz 1,295.30 5.20 0.40%
Silver, $/oz 20.33 0.19 0.93%
Gold/Silver Ratio 63.711 -0.336 -0.53%
Silver/Gold Ratio 0.0157 0.0001 0.53%
Platinum 1,405.70 19.50 1.41%
Palladium 728.85 12.70 1.77%
S&P 500 1,819.26 -0.49 -0.03%
Dow 15,963.94 -30.83 -0.19%
Dow in GOLD $s 254.77 -1.52 -0.59%
Dow in GOLD oz 12.32 -0.07 -0.59%
Dow in SILVER oz 785.20 -8.86 -1.12%
US Dollar Index 80.75 0.03 0.04%
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: 1,293.30      
GOLD Fine Tr.Oz. BID ASK $/oz
American Eagle 1.00 1,326.93 1,338.57 1,338.57
1/2 AE 0.50 659.07 681.57 1,363.14
1/4 AE 0.25 331.15 347.25 1,389.00
1/10 AE 0.10 135.69 141.62 1,416.16
Aust. 100 corona 0.98 1,261.35 1,270.35 1,296.02
British sovereign 0.24 306.27 318.27 1,352.04
French 20 franc 0.19 243.27 246.26 1,319.01
Krugerrand 1.00 1,310.11 1,320.11 1,320.11
Maple Leaf 1.00 1,308.30 1,323.30 1,323.30
1/2 Maple Leaf 0.50 743.65 678.98 1,357.97
1/4 Maple Leaf 0.25 329.79 345.96 1,383.83
1/10 Maple Leaf 0.10 137.09 140.97 1,409.70
Mexican 50 peso 1.21 1,549.85 1,560.85 1,294.56
.9999 bar 1.00 1,297.83 1,312.30 1,312.30
SPOT SILVER: 20.27      
SILVER Fine Tr.Oz. BID ASK $/oz
VG+ Morgan $B4 1905 0.77 22.50 25.00 32.68
VG+ Peace dollar 0.77 20.00 22.50 29.41
90% silver coin bags 0.72 15,100.80 15,350.80 21.47
US 40% silver 1/2s 0.30 5,787.90 5,937.90 20.13
100 oz .999 bar 100.00 2,527.00 2,082.00 20.82
10 oz .999 bar 10.00 202.70 208.70 20.87
1 oz .999 round 1.00 20.27 20.82 20.82
Am Eagle, 200 oz Min 1.00 21.77 23.07 23.07
SPOT PLATINUM: 1,405.70      
Plat. Platypus 1.00 1,430.70 1,470.70 1,470.70
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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.

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