The Moneychanger
Weekly Commentary
Friday, 21 August a.d. 2015 Browse the commentary archive
Here's the weekly scorecard:
  14-Aug-15 21-Aug-15 Change % Change
Silver, cents/oz. 1,521.00 1,530.10 9.10 0.6
Gold, dollars/oz. 1,112.90 1,159.60 46.70 4.2
Gold/silver ratio 73.169 75.786 2.617 3.6
Silver/gold ratio 0.0137 0.0132 -0.0005 -3.5
Dow in Gold Dollars (DIG$) 324.64 293.42 -31.22 -9.6
Dow in gold ounces 15.70 14.19 -1.51 -9.6
Dow in Silver ounces 1,149.07 1,075.73 -73.34 -6.4
Dow Industrials 17,477.40 16,459.75 -1,017.65 -5.8
S&P500 2,091.54 1,970.89 -120.65 -5.8
US dollar index 96.46 95.00 -1.46 -1.5
Platinum 992.70 1,026.50 33.80 3.4
Palladium 617.00 604.17 -12.83 -2.1

This week saw stock markets break not in the US alone but around the world -- just as the week of 24 July saw silver & gold bottom. The US dollar fainted, passed out, & fell down a manhole. Considering the beating silver took during the week, it looks pretty good. Gold punched through two or three resistance levels. This metals rally is the genuine article.

Stocks are crumbling & running all over the world, & the water ain't even hot yet. What will they do when it gets really bad? Why, I'll tell y'all what the Fed will do: QE4. They'll puke out new money like a 16 year old boy projectile vomiting a six pack of Shiner Bock he unadvisedly guzzled in 23 minutes.

Shanghai stock index lost 12.2% these week alone, and has fallen 32.3% from its June high. Here's how US indices look FOR THE YEAR: Nasdaq 100, - 2%; Nasdaq Comp - 0.6%; Russell 2000 - 4%; Wilshire 5000, -4.2%; NY Stock Exchange, -9.4%; Dow Industrials - 7.6%; S&P500 -4.3%. From the May all time highs, the Dow Industrials index has lost 10.1% and the S&P500 7.5%

But today had 'em puking in their wastebaskets & phoning to housekeeping for more wastebaskets. Dow stepped off a cliff: down 530.94 or 3.12% to 16,459.75. S&P500 held hands with the Dow on the way down. It lost 64.84 or 3.19% to 1,970.89. Busted through that 2000 mark like it was a hollow core door. Here are 8 month charts of the Dow, & S&P500,

These here stocks are broken & can't be fixed. Expect the Nice Government Men to step in when the bleeding slows from arterial to seeping to try to pump stocks up. 'Twon't work. They are broken.

Party has just now begun. FIddle is jes' tunin' up and the corks are jes' now poppin' out'n the jugs. Will-they, nill-they, everybody'll be dancin' to this here tune.

Did I ever tell y'all that markets fall two or three times as fast as they rise? Yes, they do.

Dow in Gold & Dow in Silver are SCREAMING a market turn. Here's the DiG, Y'all put that in your scrap book, you won't see many fall like that. Sliced through the 200 DMA (G$310.70 gold dollars/15.03 oz) and never stopped till it hit G$293.33 (14.19 oz). Since the July high at the throwover (G$341.08/16.5 oz) the Dow in Gold has lost 14%. Has also fallen through the uptrend line that has been catching it since August 2013 (I make that 2 yares).

Dow in silver ended today at S$1,389.12 silver dollars (1,074.4 troy ounces), way below its 200 DMA (S$1,426.87/1103.6 oz) and below its uptrend line from August 2013.

And both of 'em have just begun to fall. I repeat what I have long urged: Sell stocks & put the proceeds into silver & gold. There's still time.

My dear Susan thought I had suffered a heart attack when I opened the US dollar index chart and shouted, "WHOA!" That nasty thang stabbed through 95.50 support like it warn't there then kept on falling just to get as close to the 200 DMA (94.60) as it could. It also closed under the apex of that triangle it broke out of in July. It just keeps nailing nails into its own coffin. Lost 94 basis points today to end at 95.00, down 0.97%.

Euro meanwhile rose 1.32% to $1.1388, pretending it's a debutante just cause the dollar passed out on the floor. It has broken above its downtrend line & today above its 200 DMA. Tain't no debutante. Euro remains a scabby, scrofulous fiat currency & whoever grabs aholt of it will pull away a hand covered with slime. Technically the last three days saw the euro post two breakaway gaps, very strong.

The yen also broke away with a gap today and gained 1.06% to 81.92.

What in the world are the Nice Government Men thinking about? Their whole fiat world is a shakin' & quakin'! Law, y'all, don't look for no tears here in Tennessee, cause y'all won't find ne'er a one.

Today silver lost 21.6 cents (1.4%) to 1530.1c on Comex while gold gained $6.60 (0.6%) to $1,159.60.

Clearly gold is trying to take over the lead silver has held all year. That's logical when financial panic is driving buying. Look at the gold chart: See that sprint the last three days, where it makes a leap, then another leap, then another? That's a third leg up. First leg took it up $40, third will take it $80 or more. Runaway. Aiming for the 200 dma at $1,187. Oh, it will back off then, but after that fourth wave down comes the fifth up, which in metals often exceeds the third. This rally may not rest until it has touched $1,250. If it gets really crazy, maybe $1,300+. Yeah, I know I sound crazy but remember, I don't claim to be any thing but a nat'ral born durn fool from Tennessee. Good thing about that is I don't never disappoint myself nor nobody else.

Resistance at 1560c and the downtrend line from the April 2013 high are presently blocking silver. Y'all had better stand OUT of the way when silver busts through. This rally should carry to the May high at 1777.5c.

Better buy some silver & gold. Yes, there remains the chance that whatever financial panic the stock Niagara precipitates will suck down silver & gold into the whirlpool, but so far it's sucking stocks and the dollar & floating silver & gold higher & higher. I'm jes' a bit of flotsam on the wave, floating for all I'm worth.

On 21 August 1864 Gen'l Nathan Bedford raided yankee-occupied Memphis. During the course of that raid he rode a horse into the Gayoso Hotel, ran the yankee commanding general out of his bed in a night gown, gen'rally scairt the yankees to death, then when he was riding out of town came face to face with a little yankee officer who had once bragged that he would "show Forrest a thing or two." Forrest saw him and charged, sword in one hand, the other extended like an eagle's claw and he literally lifted the yankee out of the saddle & dispatched him.

He was no man to trifle with, Bedford Forrest.


The premier survival silver is US 90% silver coin, the dimes, quarters, or halves minted before 1965. They are 90% pure silver by weight, and each one dollar face value (ten dimes, four quarters, or two halves) contains 0.715 troy ounce of pure silver. That means that roughly $1.40 face value makes an ounce (1.001 oz exactly). This are the smallest minted pieces of silver available on planet earth. A dime contains 0.0715 troy ounce, a quarter 0.1788 oz, a half dollar 0.3575 oz.

The premium on US 90% has shot up and it's hard to find, but I bought a couple of extra bags today. I will sell $140.00 face value (denomination of my choice), which contains 100.1 troy ounces fine silver, for $14.071 times face value, or $1,969.94 per lot, plus $35 for shipping, or a grand total of $2,004.94. That $14.071 price is calculated off spot silver at $15.301, and is a premium of 28.6%. Sorry but I don't make the premiums, & that high premium reflects the current scarcity. Unlike many dealers, I actually have these in stock, and don't want to sell more than Ten (10) lots.

Special Conditions:

First come, first served, and no re-orders at these prices. I will write orders based on the time I receive your e-mail.

Sorry, we will not take orders for less than the minimum shown above.

Offering me an alternative helps. For instance, "I want three lots, but will settle for one if that's all you have available."

This will be MY choice of denominations. You can ask for a denomination, but I won't promise anything.

All sales on a strict "no-nag" basis. We will ship as soon as your check clears, but we allow Two weeks (14 days) for your check to clear. Calls looking for your order two days after we receive your check will be politely and patiently rebuffed. ORDERING INSTRUCTIONS:

1. You may order by e-mail only to No phone orders, please. Please do NOT order by replying to THIS email, because it will delay your email.

Your email must include your complete name, address, & phone number. We cannot ship to you without your address. Sorry, we cannot ship outside the United States or to Tennessee.

2. When you buy from us, we cannot later change or cancel the trade. We are giving you our word that we will sell at that price, & you are giving us your word that you will buy at that price, regardless what later happens in the market, up or down.

If you break your word to us, we will never again do business with you.

3. "First come, first-served" means that we will enter the orders in the order that we receive them by e-mail, till supply is exhausted.

4. If your order is filled, we will e-mail you a confirmation. If you do not receive a confirmation, your order was not filled.

5. You must send payment by personal check or bank wire (either one is fine) within 48 hours. It just needs to be in the mail, not in our hands, in 48 hours. Sorry, no credit cards.

7. "No Nag Basis" means that we allow fourteen (14) days for personal checks to clear before we ship.

Want your order faster? Send a bank wire, but that's not required. Once we ship, the post office takes four to fourteen days to get the registered mail package to you. All in all, you'll see your order in about one month if you send a check.

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
21-Aug-15 Price Change % Change
Gold, $/oz 1,159.60 6.60 0.6
Silver, $/oz 15.30 -0.22 -1.4
Gold/Silver Ratio 75.786 0.442 0.6
Silver/Gold Ratio 0.0132 -0.0002 -1.4
Platinum 1,026.50 -7.50 -0.7
Palladium 604.15 -18.80 -3.0
S&P 500 1,970.89 -64.84 -3.2
Dow 16,459.75 -530.94 -3.1
Dow in GOLD $s 293.42 -11.17 -3.7
Dow in GOLD oz 14.19 -0.54 -3.7
Dow in SILVER oz 1,075.73 -19.24 -1.8
US Dollar Index 95.00 -0.94 -1.0
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: 1,160.00      
GOLD Fine Tr.Oz. BID ASK $/oz
American Eagle 1.00 1,191.32 1,200.60 1,200.60
1/2 AE 0.50 591.09 611.90 1,223.80
1/4 AE 0.25 298.44 311.75 1,247.00
1/10 AE 0.10 121.70 127.02 1,270.20
Aust. 100 corona 0.98 1,127.94 1,136.94 1,159.90
British sovereign 0.24 275.11 288.11 1,223.93
French 20 franc 0.19 218.20 222.20 1,190.12
Krugerrand 1.00 1,179.72 1,189.72 1,189.72
Maple Leaf 1.00 1,170.00 1,184.00 1,184.00
1/2 Maple Leaf 0.50 667.00 609.00 1,218.00
1/4 Maple Leaf 0.25 295.80 310.30 1,241.20
1/10 Maple Leaf 0.10 122.96 126.44 1,264.40
Mexican 50 peso 1.21 1,391.50 1,402.50 1,163.23
.9999 bar 1.00 1,164.06 1,172.00 1,172.00
SPOT SILVER: 15.27      
SILVER Fine Tr.Oz. BID ASK $/oz
VG+ Morgan $B4 1905 0.77 25.00 27.00 35.29
VG+ Peace dollar 0.77 20.00 22.00 28.76
90% silver coin bags 0.72 13,313.30 13,670.80 19.12
US 40% silver 1/2s 0.30 4,312.90 4,462.90 15.13
100 oz .999 bar 100.00 1,552.00 1,577.00 15.77
10 oz .999 bar 10.00 154.20 159.20 15.92
1 oz .999 round 1.00 15.37 15.83 15.83
Am Eagle, 200 oz Min 1.00 16.77 18.27 18.27
SPOT PLATINUM: 1,026.50      
Platinum Platypus 1.00 1,041.50 1,071.50 1,071.50
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.