The Moneychanger
Daily Commentary
Monday, 13 October a.d. 2014 Browse the commentary archive

Have to make this fast. We're under a tornado warning & I need to get someplace safe. Susan'll kill me if I get hit by a tornado.

I have heard that the most absorbable form of Vitamin C is liposomal. Here's a link to a make it yourself book: What? You haven't started studying Vitamin C yet? Haven't bought Dr. Thomas Levy's book, Curing the Incurable? Better get after it. Looks like the yankee

Charles Hugh smith had a provocative article today at He asks, Will the Fed let the stock market crash before an election? But the deeper question he asks is, if the Fed and other central banks have manipulated stocks higher so long, what's to prevent their doing it longer? What IS the ultimate brake on their money printing? I believe it is that someday that money they are creating to inflate stock prices will escape into consumer prices. I'm not saying hyperinflation is certain, but central banks are sure making it easy.

Thinking about the present media, government, & CDC fulminations about Ebola, my son said, "See if these words bring anything to mind: 'swine flu,' bird flu', 'West Nile Virus.' It's the same old horror movie, The Bacteria That Ate Cleveland." NOW TO MARKETS

Dow sank 223.03 (1.35%) today and is now down 1.5% for the year. S&P500 sank 31.39 (1.65%) to 1,874.74. Big losses came after 2:00 p.m. across all markets, which looks like a panic.

Dow in gold closed at 13.20 oz (G$272.86), crashing thru its 50 DMA and into the even-sided triangle whence it broke out in July. Tanking.

Dow in silver dropped 1.94% to close 933.17 oz (S$1,206.52). Long above smashed its 20 DMA, now trying to break down thru the upper resistance line that it threw over in September.

Dow in silver crashed through its20 DMA (S$1,244.95 silver dollars or 962.89 oz) & skidded to a stop down 1.89% atS$1,242.17 (960.74 oz).

US dollar index lost 53 basis points (0.61%) & closed 85.53. Headed lower soon, probably tomorrow. Euro rose 0.75% to $1.2719. Yen rose another 0.71% to 93.54, rallying.

These blasted metals markets are really bogus. Comex closes, then the aftermarket jumps way up. Looks like the fingerprints of the Nice Government men.

Comex gold closed up $8.30 to 1,229.30, but in the aftermarket is now trading up 1.3% from Friday at $1,236.80 Comex silver closed up 4.2 cents at 1729.4, then in the aftermarket rose to 1752c, up 1% from Friday. Which is real, and which is Memorex?

From here, markets are confirming that Stocks have topped and will move lower, and gold and silver will move higher. Gold right now is pennies below that $1,237 resistance which is the next barrier. Ought to fall tomorrow, along with 1750c for silver.

Not sure yet that silver & gold have bottomed, but prices on 3 October were the lowest in the last three years (closes, I mean).

Buy some gold and silver now.

Got to run. Lightning is getting close.

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
13-Oct-14 Price Change % Change
Gold, $/oz 1,229.30 8.30 0.68%
Silver, $/oz 17.29 0.04 0.24%
Gold/Silver Ratio 71.082 0.308 0.44%
Silver/Gold Ratio 0.0141 -0.0001 -0.43%
Platinum 1,260.70 -0.40 -0.03%
Palladium 785.10 0.90 0.11%
S&P 500 1,874.74 -31.39 -1.65%
Dow 16,321.07 -223.03 -1.35%
Dow in GOLD $s 274.45 -5.64 -2.01%
Dow in GOLD oz 13.28 -0.27 -2.01%
Dow in SILVER oz 943.74 -15.23 -1.59%
US Dollar Index 85.53 -53.00 -38.26%
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: 1,236.80      
GOLD Fine Tr.Oz. BID ASK $/oz
American Eagle 1.00 1,268.96 1,280.09 1,280.09
1/2 AE 0.50 636.44 652.41 1,304.82
1/4 AE 0.25 318.22 332.39 1,329.56
1/10 AE 0.10 129.76 135.43 1,354.30
Aust. 100 corona 0.98 1,201.40 1,213.40 1,237.91
British sovereign 0.24 292.89 304.89 1,295.20
French 20 franc 0.19 232.64 235.71 1,262.51
Krugerrand 1.00 1,249.17 1,259.17 1,259.17
Maple Leaf 1.00 1,251.80 1,266.80 1,266.80
1/2 Maple Leaf 0.50 711.16 649.32 1,298.64
1/4 Maple Leaf 0.25 315.38 330.84 1,323.38
1/10 Maple Leaf 0.10 131.10 134.81 1,348.11
Mexican 50 peso 1.21 1,480.65 1,504.65 1,247.95
.9999 bar 1.00 1,241.13 1,252.80 1,252.80
SPOT SILVER: 17.52      
SILVER Fine Tr.Oz. BID ASK $/oz
VG+ Morgan $B4 1905 0.77 24.00 27.00 35.29
VG+ Peace dollar 0.77 19.00 22.50 29.41
90% silver coin bags 0.72 12,884.30 13,170.30 18.42
US 40% silver 1/2s 0.30 4,976.65 5,126.65 17.38
100 oz .999 bar 100.00 1,742.00 1,802.00 18.02
10 oz .999 bar 10.00 180.20 181.20 18.12
1 oz .999 round 1.00 17.62 18.12 18.12
Am Eagle, 200 oz Min 1.00 19.27 20.52 20.52
SPOT PLATINUM: 1,260.70      
Plat. Platypus 1.00 1,285.70 1,325.70 1,325.70
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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.

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