The Moneychanger
Daily Commentary
Monday, 15 June a.d. 2015 Browse the commentary archive

Before I forget it, I have made available on my website three new articles from my paid monthly Moneychanger newsletter.

"Curing the incurable: Vitamin C, Infectious Diseases & Toxins,"

"Nerve Regeneration, Lithium, Alzheimer's Protections, & the War on Medical Freedom with Dr. Jonathan Wright,"

My review of Jonathan Cahn's book, The Harbinger.

Now, today's market:

Premium on US 90% silver coin jumped 20 cents an ounce today, a nickel an ounce on Friday. Now stands at $1.75 an ounce over melt -- at wholesale. That premium is often quite sensitive to coming moves in silver, and begins to erode before a drop or build before a rally. Can't take that to the bank, but it's a signal on the wind.

Greece, Greece, Greece! Poor Greece is getting blamed for everything, but y'all know that Greece is only a symptom of the hideous, vile marriage of central banking & state deficit spending that IS the modern financial system. Negotiations over Greece making its next payment have broken down. 16 June Greece has a $660 million payment due, and on 19 June another $330 million. In July and August it must redeem almost $7.4 billion in bonds held by the European Central Bank.

But if Greece defaults, the banks who own its bonds will lose, & that is the sole unforgiveable sin in the Realm Of Central Banking. Besides, it might give Ireland, Spain, & Italy ideas.

Poor old Greece got blamed for stock weakness today, too, which might lead to questions about the ability of financial journalists to connect effect back to cause. Stock markets are in plenty of trouble on their own without Greece, thanks to 7 years of central bank money creation which has blown up a stock bubble. But Greece gets the blame, mushrooms!

Dow lost 107.67 (0.6%) to close at 17,791.17. That is a new low for the move (17,698 intraday) and below the 50 & 20 DMAs, and only about 160 points above the 200 day moving average.

What difference does that make? I remind y'all that in a rising market, mathematically that market will stay above its 200 DMA most of the time. A close below it signals extreme weakness.

S&P500 lost 9.68 (0.46%) to end the day at 2,084.43. 200 DMA stands beneath at 2,048.24.

Dow in Gold and Dow in Silver turned sharply down. Dow in Silver lost 1.58% to close at S$1,430.25 silver dollars (1,106.21 troy ounces). Dow in Gold dropped 1.04% and ended at G$310.08 gold dollars (15.00 troy ounce).

On Comex silver jumped 25.8 cents to 1607.6c while gold leapt $6.50 to $1,185.30 Silver's high today was 1624c, gold's $1,190.00. Gold/Silver ratio dropped sharply to 73.731.

Gold's 50 & 20 DMAs are skating together at $1,194.75 and $1,190.28. Gold rose up & touched the 50 today, but couldn't close that high. A close above that 50 DMA would be your first sign a rally is building.

Silver did not show off like gold today, but it closed above 1600c and added 25.8 cents. The 50 DMA waits above at 1646c, the 200 (not 20 but 200) at 1679c. If silver could jump over that 200 DMA, it would attract more attention -- and buyers. Momentum indicators are rolling up or have turned up already.

I reckon that when folks start thinking about Greece & how rickety their savings & capital are in banks & retirement funds & pension funds, all liable to be raided when banks and governments get into trouble, that silver & gold start looking a lot shinier and more attractive. What's the only asset without counterparty risk? Precious metals. What's the only asset whose value doesn't depend on some central bank's say-so? Precious metals. What's the only financial asset that isn't locked up in a bank or computer somewhere? Silver and gold in your own hot little hands.

On 15 June 1215 the English barons forced King John to sing the Magna Carta, the Great Charter of liberty.

On 15 June 1381 the English peasant revolt was crushed in London. Liberty was not for the peasants, at least the liberty of demanding higher wages. The peasants sang, "When Adam delved and Eve span/Who then was the gentleman?" Not a popular song with the nobility. Sharpening the conflict, the Black Death 30 years earlier had killed so many that a labor shortage ensued and the peasants felt hard used and abused by being limited to the same old pay.

On 15 June 1389 at the Battle of Kosovo (field of crows) the Turks defeated the Serbs fighting their advance into the Balkans. Most of both armies were wiped out in the battle. The day is dear to the Serbian people.

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
15-Jun-15 Price Change % Change
Gold, $/oz 1,185.30 6.50 0.55%
Silver, $/oz 16.08 0.26 1.63%
Gold/Silver Ratio 73.731 -0.792 -1.06%
Silver/Gold Ratio 0.0136 0.0001 1.07%
Platinum 1,088.30 -8.00 -0.73%
Palladium 734.10 -4.05 -0.55%
S&P 500 2,084.43 -9.68 -0.46%
Dow 17,791.17 -107.67 -0.60%
Dow in GOLD $s 310.28 -3.60 -1.15%
Dow in GOLD oz 15.01 -0.17 -1.15%
Dow in SILVER oz 1,106.69 -24.86 -2.20%
US Dollar Index 95.06 0.07 0.07%
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: 1,185.20      
GOLD Fine Tr.Oz. BID ASK $/oz
American Eagle 1.00 1,219.57 1,226.68 1,226.68
1/2 AE 0.50 603.94 625.19 1,250.39
1/4 AE 0.25 304.93 318.52 1,274.09
1/10 AE 0.10 124.34 129.78 1,297.79
Aust. 100 corona 0.98 1,154.76 1,163.76 1,187.27
British sovereign 0.24 281.09 294.09 1,249.31
French 20 franc 0.19 222.94 226.94 1,215.51
Krugerrand 1.00 1,200.61 1,210.61 1,210.61
Maple Leaf 1.00 1,193.20 1,209.20 1,209.20
1/2 Maple Leaf 0.50 681.49 622.23 1,244.46
1/4 Maple Leaf 0.25 302.23 317.04 1,268.16
1/10 Maple Leaf 0.10 125.63 129.19 1,291.87
Mexican 50 peso 1.21 1,416.02 1,427.02 1,183.56
.9999 bar 1.00 1,189.35 1,197.20 1,197.20
SPOT SILVER: 16.05      
SILVER Fine Tr.Oz. BID ASK $/oz
VG+ Morgan $B4 1905 0.77 23.00 26.00 33.99
VG+ Peace dollar 0.77 18.50 21.00 27.45
90% silver coin bags 0.72 12,365.93 12,723.43 17.80
US 40% silver 1/2s 0.30 4,541.53 4,691.53 15.90
100 oz .999 bar 100.00 1,594.50 1,644.50 16.45
10 oz .999 bar 10.00 159.45 164.95 16.50
1 oz .999 round 1.00 16.15 16.65 16.65
Am Eagle, 200 oz Min 1.00 17.55 18.40 18.40
SPOT PLATINUM: 1,088.30      
Plat. Platypus 1.00 1,103.30 1,133.30 1,133.30
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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

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