The Moneychanger
Daily Commentary
Tuesday, 23 December a.d. 2014 Browse the commentary archive

I told y'all thin holiday weeks could produce strange events.

Stocks made new highs today. Dow closed over 18,000, up 64.73 (0.36%) to 18,024.17. S&P500 rose about half as much, 0.17% (3.63) to 2,082.17. I am waiting, waiting.

Dow in gold closed today at G$316.69 gold dollars (15.31 troy oz.), higher than the last low (G$316.07 or 15.29 oz) and up 0.34%. So we raise the upper boundary of the Gator Jaws a little, but I'll stick with that interpretation.

Dow in silver did not reach the top Gator Jaws boundary. It actually dropped 0.34% to S$1,475.87 (1,141.49 oz). It's very taxing, indeed, vexing, to be forced to watch this tennis-match back & forth, but it goes with the Gator Jaws.

As has been its pattern, the US dollar index followed stocks higher. Rose 42 basis points (0.47%) to close at 90.36. That puts it right on the upper boundary of the rising wedge, so if it intends ever to break down, it better do it soon or invalidate the pattern. Don't expect much to happen or to change between now and next Monday.

Euro made a new low for the move that began months ago, down 0.44% today to $1.2164. Yen has nearly but not quite reached its last low. Down 0.55% to 82.85c/Y100.

Any traders who showed up at the silver & gold pits today were just wasting their time. Silver rose 8.1 cents to 1573c while gold fell $1.890 to $1,177.90. Stocks are sucking all the world's money into themselves, and all attention. Noteworthy that in spite of that, silver & gold are not falling any more. That in itself is faint praise, but praise it is. We're waiting.

Tomorrow & Friday I'm not going to send y'all a commentary, but I am going to send y'all a free Christmas gift. It will be absolutely FREE for you to download, so watch for the email. It's a small thank you for being my readers.

My dog troubles are growing. Not only do we have Duke shuffling around, with Susan waiting on him maw and paw, my daughter Mercy & her husband Trevor are also staying with us, and with them comes Tucker, the Labradoodle. Not only is he a horrible embarrassment because I keep calling the dog Trevor and her husband Tucker (I can't keep up with T-names), he is the size of the Yeti and has about the same amount of curly fur, but white. I think the dog is getting meth somewhere, because no creature naturally has that much energy. He has to be everywhere and see everything, which, if you value your privacy, can be a little burdensome. When he runs the whole house shakes, & when he walks over our mostly wood floors at night, it sounds like somebody throwing out quart jars of jacks. I think, I'll let him out to run off some of that energy. He bolts out the door, runs 50 yards to the fence, 25 yards the other way, eludes all three other dogs (Duke is not in the chase), barks at my pig, then runs 50 yards back into the house, all in under seven seconds. Then he haunts the glass doors to our deck, staring out at the cat who he's pretty sure is an hors d'oeuvre. Today Mercy left him with a friend who has a small yard with a high gate, and wants me to pick him up on the way home. I am just all a-tremble with joy at the thought of riding home next to Tucker after his long efficient claws have shredded my upholstery. Nothing I like better than the smell of wet dog, and only one of the windows works in my car.

It's Christmastime, and if y'all would like to share with someone a lot less fortunate, here's a suggestion. Our church has a jail ministry at our local county jail, offering worship services to about 75 men every Sunday. The most effective help we have found is to give these men is the Reformation Study Bible. Published by Ligonier Ministries, it's the easy-to-read English Standard Version with abundant reliable notes and about 90 short articles to help them understand.

These Bibles cost about $42 at retail, but we can buy them in case lots for $24 each. I know, I know, that sounds like an awful lot of Bible to give somebody in jail, but the first time one of them tells you, "That Bible has changed my life," you won't think so. I saw an inmate in another jail recently whom we had given a Bible several months ago. I asked him if he was getting any use out of it and he said, "Yeah! And all eight guys in my pod, too. They're ALL reading it."

I know that $24 sounds like a lot, but you could take three or four kids to McDonald's and spend that much without even thinking about it. If you'd like to help, you can send a donation to Christ Our Hope Church, P.O. Box 178, Westpoint, Tennessee 38486. I thank y'all for considering it, and wish each of you a wonderful Merry Christmas!

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
23-Dec-14 Price Change % Change
Gold, $/oz 1,177.90 -1.80 -0.15%
Silver, $/oz 15.73 0.08 0.52%
Gold/Silver Ratio 74.882 -0.503 -0.67%
Silver/Gold Ratio 0.0134 0.0001 0.67%
Platinum 1,191.30 9.60 0.81%
Palladium 814.05 -1.20 -0.15%
S&P 500 2,078.58 7.89 0.38%
Dow 18,024.17 64.73 0.36%
Dow in GOLD $s 316.32 1.62 0.51%
Dow in GOLD oz 15.30 0.08 0.51%
Dow in SILVER oz 1,145.85 -1.79 -0.16%
US Dollar Index 90.36 0.42 0.47%
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: 1,174.50      
GOLD Fine Tr.Oz. BID ASK $/oz
American Eagle 1.00 1,206.21 1,215.61 1,215.61
1/2 AE 0.50 604.35 619.55 1,239.10
1/4 AE 0.25 302.18 315.65 1,262.59
1/10 AE 0.10 123.22 128.61 1,286.08
Aust. 100 corona 0.98 1,140.88 1,152.88 1,176.17
British sovereign 0.24 278.14 290.14 1,232.52
French 20 franc 0.19 220.92 224.08 1,200.21
Krugerrand 1.00 1,189.77 1,199.77 1,199.77
Maple Leaf 1.00 1,189.50 1,204.50 1,204.50
1/2 Maple Leaf 0.50 675.34 616.61 1,233.23
1/4 Maple Leaf 0.25 299.50 314.18 1,256.72
1/10 Maple Leaf 0.10 124.50 128.02 1,280.21
Mexican 50 peso 1.21 1,408.90 1,432.90 1,188.44
.9999 bar 1.00 1,178.61 1,190.50 1,190.50
SPOT SILVER: 15.68      
SILVER Fine Tr.Oz. BID ASK $/oz
VG+ Morgan $B4 1905 0.77 22.75 26.50 34.64
VG+ Peace dollar 0.77 19.00 22.00 28.76
90% silver coin bags 0.72 12,029.88 12,387.38 17.33
US 40% silver 1/2s 0.30 4,432.38 4,582.38 15.53
100 oz .999 bar 100.00 1,557.50 1,617.50 16.18
10 oz .999 bar 10.00 161.75 162.75 16.28
1 oz .999 round 1.00 15.78 16.33 16.33
Am Eagle, 200 oz Min 1.00 17.43 18.08 18.08
SPOT PLATINUM: 1,191.30      
PLATINUM Fine Tr.Oz. BID ASK $/oz
Plat. Platypus 1.00 1,216.30 1,256.30 1,256.30
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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.

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