The Moneychanger
Daily Commentary
Wednesday, 29 July a.d. 2015 Browse the commentary archive

Y'all ought to remember that Wikipedia lies. Yea, whoever writes those articles -- and not a one of y'all knows who that is -- has an ax to grind & grinds away. Thus the fastidious rational mind, seeking to avoid the infection of the Establishment's propaganda & mind control, will question even the unquestionable Wikipedia.

Case in point is its entry on the recently deceased Dr. Nicholas Gonzalez who followed William Kelley's nutritional treatment for cancer. To read Wikipedia's article, you'd think Dr. Gonzalez had no success, although his records showed 68% efficacy of the method. The entry also asserts the method failed against pancreatic cancer in a randomized study, while in fact the National Cancer Institute's administrators sabotaged the study and did not follow the protocol. I know, because I interviewed Dr. Gonzalez about in in June 2012. Read that here,

Note also that the website distorts the truth. If you want the truth, you'd better go somewhere other than Quackwatch or Wikipedia.

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Warning: do not swap ALL of your 90% coin. Keep at least some of it because the higher premium may be a permanent structural change & not a transitory one. In other words, it may never get cheaper again. Call to inquire, (888) 218-9226.


Do y'all know what a wonderful freedom it is to liberate yourself from hogwash? Think of all the goofs in the world who hang around their TV sets to see what are the latest words that drop like fetid liquid lard from the lips of Janet Yellen, believing their future depends on them. How utterly degrading, & how howlingly ridiculous! Mercy, Janet Yellen couldn't run a Louisiana snow-cone stand at a profit in August! What's the chance she and the rest of those Keynesian midgets will get the whole US economy right, let alone interest rates?

Yet the mind control persists. Press conference after press conference, month after month, she says the same thing, and markets react -- for a day or maybe two. Folks, the magic don't work any more. She's just a pitiful, flabby old woman pretending to be a Mistress of the Universe. I have better things to do than listen to that stuff. I've got a sock drawer that needs re-arranging.

Gold bumped up after the FOMC announcement, but traded right back down. Closed Comex down $3.60 at 1,092.60. Silver added 10.3 cents to 1473.4c.

Welcome to limbo, where nothing is ever resolved and all decisions are avoided & all verbs in the passive so you can't tell who's acting. Still, there was no weakness in today's silver & gold charts, and a spirited defense against an attempt to drive them down about noon.

We're stuck at the same place: gold & silver must hold $1,090 and 1440c and on the upside must hurdle over $1,100 & 1500c to begin a rally, and $1,140 and 1550c to prove one. Tomorrow?

Dow climbed 121.12 (0.69%) to 17,751.39 on another veinful of government heroin, i.e., the Fed's worn-out promise to raise interest rates some day, but not yet. S&P climbed 15.32 (0.73) to 2,108.57. Wow. Dow almost climbed through its 200 DMA.

US dollar index scarfed up 21 basis points & closed at 97.08, barely above the 20 DMA. Euro dropped 0.69% to $1.0985 and the yen 0.23% to 80.68. Nothing happening there, dollar still riding the downdraft, despite today's higher close.

Y'all go home tonight and do something really important. Kiss your wife or husband & children & squeeze 'em and enjoy the presence of love and peace -- and ignore blathering, lardy bureaucrats.


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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
29-Jul-15 Price Change % Change
Gold, $/oz 1,092.60 -3.60 -0.33%
Silver, $/oz 14.73 0.10 0.70%
Gold/Silver Ratio 74.155 -0.768 -1.03%
Silver/Gold Ratio 0.0135 0.0001 1.04%
Platinum 984.40 -3.40 -0.34%
Palladium 614.60 -6.00 -0.97%
S&P 500 2,108.57 15.32 0.73%
Dow 17,751.39 121.12 0.69%
Dow in GOLD $s 335.85 3.39 1.02%
Dow in GOLD oz 16.25 0.16 1.02%
Dow in SILVER oz 1,204.79 -0.20 -0.02%
US Dollar Index 97.08 0.21 0.22%
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: 1,095.40      
GOLD Fine Tr.Oz. BID ASK $/oz
American Eagle 1.00 1,129.36 1,133.74 1,133.74
1/2 AE 0.50 558.14 577.82 1,155.65
1/4 AE 0.25 281.81 294.39 1,177.56
1/10 AE 0.10 114.91 119.95 1,199.46
Aust. 100 corona 0.98 1,066.20 1,075.20 1,096.91
British sovereign 0.24 259.79 272.79 1,158.84
French 20 franc 0.19 206.05 210.05 1,125.04
Krugerrand 1.00 1,117.31 1,127.31 1,127.31
Maple Leaf 1.00 1,103.40 1,119.40 1,119.40
1/2 Maple Leaf 0.50 629.86 575.09 1,150.17
1/4 Maple Leaf 0.25 279.33 293.02 1,172.08
1/10 Maple Leaf 0.10 116.11 119.40 1,193.99
Mexican 50 peso 1.21 1,314.01 1,325.01 1,098.96
.9999 bar 1.00 1,099.23 1,107.40 1,107.40
SPOT SILVER: 14.77      
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 12,562.55 12,920.05 18.07
US 40% silver 1/2s 0.30 4,165.40 4,315.40 14.63
100 oz .999 bar 100.00 1,467.00 1,517.00 15.17
10 oz .999 bar 10.00 146.70 152.20 15.22
1 oz .999 round 1.00 14.87 15.37 15.37
Am Eagle, 200 oz Min 1.00 16.27 17.12 17.12
SPOT PLATINUM: 984.40      
Plat. Platypus 1.00 999.40 1,029.40 1,029.40
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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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