The Moneychanger
Daily Commentary
Thursday, 5 March a.d. 2015 Browse the commentary archive

Hot ziggety! I am so grateful for global warming! If 'tweren't for global warming, we'd all be froze stiff as a pike for sure. Susan & I are iced in again today. Ain't safe hardly to walk outside, much less drive. Not that I could drive up these hills anyway, not with an 8-wheel drive vehicle.

Frankly, for all they moved today the gold & silver markets might as well have been iced in, too.

Stocks remain in full retreat, tho they rose a leetle today. Dow scratched up 38.82 (0.21%); S&P500 eked up 2.51 (0.12%) to 2,101.40. Direction is down, down. Dow in Silver & Dow in Gold jiggled up a bit, but nothing to amount to anything.

Big story today was the US dollar index. Jumped up 54 basis points (0.56%) to 95.99. This marks a double top with January's 95.85 high. Most likely that's the end of the move, but it could extend I suppose. It's hard for me to follow the dollar index, since my sympathies, judgement, & morality all find it loathsome, but then, I feel the same about all fiat currencies.

Back to the point: this would be a prime place for the dollar index to fall hard. The euro, a kind of mirror image of the US dollar, fell 0.51% to a new low (I might as well tape-record that statement & play it back every day to save myself the trouble of saying it again) at $1.1025. Yen fell 0.39% to 83.23, but remains locked in that same range. No move yet.

Silver & gold traded in virtually the same range as yesterday. Comex gold lost $4.70 (0.4%) to $1,195.90. Silver closed unchanged at 1613.2 cents. Unchanged -- don't know why but an "unchanged" always makes me flinch. May be just my superstition, but in my mind an unchanged day is often followed by a big move, one way or th'other.

Metals can break out of this range only by closing over $1,225 & 1680c, or by falling through $1,190 & 1600c. Noticeable is their refusal to fall even in the face of their weakness. That hints of buyers lurking at lower prices, and close by.

Finally, if silver & gold want to break down, why does that gold/silver ratio fail to move higher? Y'all look for yourselves, How many times has the ratio validated that downtrend line? But it does stand above its intertwined 20 & 50 DMAs, so momentum is upward.

Several of y'all asked who was the person I had been reading who shed new light on the monetary question? Fellow named Keith Weiner. You can read two devastating and devastatingly logical articles. "Falling Interest Rates Destroy Capital" is found at Other is "The Swiss Franc Will Collapse" at Neither of these contains any recipe forcentral banker joy.

In a gigantic step forward for bureaucrats the world over, Englishman C. H. "Red Tape" Gould patented the stapler on 5 March 1868.

I have to run build a fire. I'm about to lock up and freeze solid!

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
5-Mar-15 Price Change % Change
Gold, $/oz 1,195.90 -4.70 -0.39%
Silver, $/oz 16.13 0.00 0.00%
Gold/Silver Ratio 74.132 -0.291 -0.39%
Silver/Gold Ratio 0.0135 0.0001 0.39%
Platinum 1,182.20 -6.60 -0.56%
Palladium 825.00 6.75 0.82%
S&P 500 2,101.40 2.51 0.12%
Dow 18,135.72 38.83 0.21%
Dow in GOLD $s 313.49 1.90 0.61%
Dow in GOLD oz 15.16 0.09 0.61%
Dow in SILVER oz 1,124.21 2.41 0.21%
US Dollar Index 95.99 0.54 0.57%
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: 1,198.90      
GOLD Fine Tr.Oz. BID ASK $/oz
American Eagle 1.00 1,226.47 1,240.86 1,240.86
1/2 AE 0.50 616.92 632.42 1,264.84
1/4 AE 0.25 308.46 322.20 1,288.82
1/10 AE 0.10 125.78 131.28 1,312.80
Aust. 100 corona 0.98 1,165.76 1,177.76 1,201.55
British sovereign 0.24 283.91 295.91 1,257.07
French 20 franc 0.19 225.51 228.63 1,224.61
Krugerrand 1.00 1,214.49 1,224.49 1,224.49
Maple Leaf 1.00 1,206.90 1,223.90 1,223.90
1/2 Maple Leaf 0.50 689.37 629.42 1,258.85
1/4 Maple Leaf 0.25 305.72 320.71 1,282.82
1/10 Maple Leaf 0.10 127.08 130.68 1,306.80
Mexican 50 peso 1.21 1,435.28 1,459.28 1,210.31
.9999 bar 1.00 1,203.10 1,214.90 1,214.90
SPOT SILVER: 16.24      
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 12,362.35 12,719.85 17.79
US 40% silver 1/2s 0.30 4,599.05 4,749.05 16.10
100 oz .999 bar 100.00 1,614.00 1,674.00 16.74
10 oz .999 bar 10.00 167.40 168.40 16.84
1 oz .999 round 1.00 16.34 16.84 16.84
Am Eagle, 200 oz Min 1.00 17.99 19.24 19.24
SPOT PLATINUM: 1,182.20      
Plat. Platypus 1.00 1,207.20 1,247.20 1,247.20
Home Questions & Answers Articles & Resources
The Moneychanger, P.O. Box 178, Westpoint, TN 38486

Copyright Notice

© 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.