The Moneychanger
Weekly Commentary
Thursday, 18 June a.d. 2015 Browse the commentary archive
Here's the weekly scorecard:
  12-Jun-15 18-Jun-15 Change % Change
Silver, cents/oz. 1,581.80 1,614.80 33.00 2.1
Gold, dollars/oz. 1,178.80 1,201.50 22.70 1.9
Gold/silver ratio 74.523 74.405 -0.117 -0.2
Silver/gold ratio 0.0134 0.0134 0.0000 0.2
Dow in Gold Dollars (DIG$) 313.88 311.68 -2.20 -0.7
Dow in gold ounces 15.18 15.08 -0.11 -0.7
Dow in Silver ounces 1,131.55 1,121.86 -9.69 -0.9
Dow Industrials 17,898.84 18,115.84 217.00 1.2
S&P500 2,094.11 2,124.24 30.13 1.4
US dollar index 94.99 94.24 -0.75 -0.8
Platinum 1,096.30 1,082.50 -13.80 -1.3
Palladium 738.15 718.60 -19.55 -2.6

I will be away at Lake Pickwick with my sons tomorrow, so I won't be here to write a commentary. Accordingly, I'm closing out the week with Thursday. Trends are clear enough: stocks have perhaps begun their last little rally, US dollar index confirmed its intent to tunnel to the earth's core, silver & gold are rallying.

At one point today the US dollar index, leprous king among scrofulous fiat currencies, had dropped to 93.3, 119 basis points below yesterday's close. However, it clawed its scrawny, repulsive self back up to 94.24, down only 25 basis points (0.26%) for the week. My o my, last week it closed 94.99, so for the week it's down a clean & perfect 75 bps. Them fingerprints look like the heavy hand of the Nice Government Men, Mama.

Euro finally is reaching for something. Closed $1.1368, up 0.29%, & nearer to the last high at $1.1469. Clearly the Fear of Greece hath left it. Maybe, but that goose ain't cooked through just yet.

'Bout the time you count a market out, it snaps back. Yen gapped up today and rose 0.38% to 81.34. Why, it's above its 20 day moving average.

Dow Industrials jumped 180.1 (1.00%) to an 18,115.84 close. S&P500 rose 20.8 (0.99%) to 2,124.24. Nasdaq Composite and Russell 2000 made new all time highs. Stocks may be making one last leg up, may even make a new all time high, but Lo, the end is certain, the time has come.

Dow in Gold fell away from the upper gator jaw again & ended the week below its 20 & 50 DMAs. Ended at G$311.73 gold dollars (15.08 troy ounces). Chart's at

Dow in Silver remains above its moving averages, but has never reached the upper gator jaw on this latest rise. Ended at S$1,452.10 (1,123.11 troy ounces).

Oh, when it cometh, that fall shall be great!

When I awoke early this morning I checked silver & gold and gold stood at $1,208 and silver at 1648c. Quite right. Say, conservatively, I was gratified. However, they came under attack about 1:15 this afternoon. Gold ended Comex at $1,201.50, $25.10 (2.1%) higher. Silver rose 20.8 cents (1.3%) to 1614.8c.

The daily StockCharts chart I follow shows a lower high than $1,208, for some reason. That 200 day moving average stands at $1,207.93, so it's not much wonder gold didn't blow past that on the first try. However, it ended above its 50 & 20 day moving averages, and within easy striking distance of the 200 DMA. Add to this an uptrend in force since the 5 June low. Assuming gold finishes tomorrow above $1,200, next week ought to be hot for gold. Behold, the chart!

Silver, it's true, punched into its 50 & 20 DMA's today, but in spite of its heroic rise to 1248c, finished the day only 1.3% better than it had started. I feel like somebody has shortchanged me, or the plastic gun I saved three weeks for broke the first time I played with it. Still, momentum indicators have turned up, and silver's 200 DMA stands only at 1674c. A 60 cent move is nothing for silver when it has its back up. Next week it should exploit today's gain.

I'm telling y'all, this is bottoming you are watching. This is the time you ought to be accumulating silver & gold. Low will coem between now & mid-July. Besides, would you prefer to leave your money in the bank making 0.25%?

On 18 June 1155 Frederick Barbarossa ("Red beard") was crowned Holy Roman Emperor. After an astounding life of accomplishment, he drowned during the Third Crusade while crossing a river in Turkey. The legend arose that he was only sleeping in a cave in Thuringia or Bavaria, and that when the ravens stop flying around the mountain he will awake and restore Germany to its greatness (like the legend of sleeping Arthur in England). His beard has grown through the table where he sits. Brother, if Europe ever needed Frederick Barbarossa, it's now. They'd better start shooting them ravens.

On 18 June 1815 French under Napoleon were defeated at the Battle of Waterloo by combined British forces, under Wellington, and Prussians under Bluecher. Bluecher arrived just in time to turn the tide in the allies favor. The loss ended Napoleon's career: the emperor became a prisoner.

Y'all enjoy your weekend.

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
18-Jun-15 Price Change % Change
Gold, $/oz 1,201.50 25.10 2.1
Silver, $/oz 16.15 0.21 1.3
Gold/Silver Ratio 74.405 1.545 2.1
Silver/Gold Ratio 0.0134 0.0002 1.3
Platinum 1,082.50 10.10 0.9
Palladium 718.60 -1.70 -0.2
S&P 500 2,124.24 20.80 1.0
Dow 18,115.84 180.10 1.0
Dow in GOLD $s 311.68 -3.45 -1.1
Dow in GOLD oz 15.08 -0.17 -1.1
Dow in SILVER oz 1,121.86 -3.34 -0.3
US Dollar Index 94.24 -0.25 -0.3
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: 1,202.30      
GOLD Fine Tr.Oz. BID ASK $/oz
American Eagle 1.00 1,234.76 1,244.38 1,244.38
1/2 AE 0.50 612.66 634.21 1,268.43
1/4 AE 0.25 309.33 323.12 1,292.47
1/10 AE 0.10 126.14 131.65 1,316.52
Aust. 100 corona 0.98 1,171.42 1,180.42 1,204.27
British sovereign 0.24 285.14 298.14 1,266.54
French 20 franc 0.19 226.15 230.15 1,232.74
Krugerrand 1.00 1,216.73 1,226.73 1,226.73
Maple Leaf 1.00 1,210.30 1,226.30 1,226.30
1/2 Maple Leaf 0.50 691.32 631.21 1,262.42
1/4 Maple Leaf 0.25 306.59 321.62 1,286.46
1/10 Maple Leaf 0.10 127.44 131.05 1,310.51
Mexican 50 peso 1.21 1,436.45 1,447.45 1,200.50
.9999 bar 1.00 1,206.51 1,214.30 1,214.30
SPOT SILVER: 16.19      
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 12,433.85 12,791.35 17.89
US 40% silver 1/2s 0.30 4,584.30 4,734.30 16.05
100 oz .999 bar 100.00 1,609.00 1,659.00 16.59
10 oz .999 bar 10.00 160.90 166.40 16.64
1 oz .999 round 1.00 16.29 16.79 16.79
Am Eagle, 200 oz Min 1.00 17.69 18.54 18.54
SPOT PLATINUM: 1,082.50      
Platinum Platypus 1.00 1,097.50 1,127.50 1,127.50
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.