The Moneychanger
Daily Commentary
Monday, 25 January a.d. 2016 Browse the commentary archive

A Zero Hedge article at reports that Norway's biggest bank has now joined the chorus demanding cash currency be abolished. Don't miss what this means: a ban on cash means government & central banking have COMPLETE CONTROL of your wealth. If they want to bail-in your assets to bail out the bank, you are nailed. If they want to force you to spend with negative interest rates on your balance, you're stuck. If they want to cut you off as a non-person, they simply "close your account." Besides, no cash, no bank runs possible. Gotcha!

Remember there's very little cash in the system anyway, about $1,000 per capita in the US. Legally it would be very difficult -- absent the Tyrant's Excuse, an "emergency" -- to ban cash in the US, but that doesn't mean the Fed & banks & yankee government wouldn't try.

Better than paper FERNs (Federal Reserve notes) are gold and silver. Not in a bank, but in your own safekeeping, beyond bail-ins, beyond forced spending, beyond a switch that makes you a non-person.

I say no more. As my old first sergeant used to say, "A word to the wise is suffice."

Well, shut ma mouf'! Stocks did not rally. Instead, they sank like an ax head in a stock tank. Backing off a tad wouldn't have been so bad, but they backed clean over the cliff. Dow dropped 208.29 (1.29%), below 16,000, to 15,885.22. S&P500 dropped heavier, down 29.82 91.56%) to 1,877.08. Oh, I suppose they will still rally up toward 16,600, but stocks are even sicker than I thought, gaining 210.83 on Friday and losing 208.29 on Monday. Making two points every two days, they'll gain ten points by next Monday.

USE any stock rally to shuck stocks & run for cover.

If the US dollar were a hound, I'd say somebody's been feeding him pizened meat. Reached as high as 99.66 but had lost 28 basis points (0.28%) by the close. In other words, it puked back over half Friday's 52 bps gain. This continued up and down punctuated by severe slides reflects weakness. Dollar's strength has been sapped. Still, however, not proven that it will give up its rally ambitions. Needs first to close below 98.85, which would place it below both the 20 & 50 day moving averages.

Euro is vibrating in the nose cone of an even-sided triangle. Rose 0.5% today to $1.0851, but this proves nothing. Look for yourself,

Yen is giving back some gains from its China-terror rally. Knocking on the 20 DMA (84.35) now. Closed today at 84.51, up 0.39%.

Oil (WTIC) gave back today all and more than it gained on Friday. Down 5.92% to $30.34/bbl.

On the Comex gold rose $9.00 (0.8%) to $1,106.20 while silver jumped 19.7¢ (1.4%) to 1424¢.

Like prisoners of war digging a tunnel, silver keeps tapping on the ceiling, trying to break through. Hit that 1436¢ high again today, but fell back to a 1424¢ close. At least today it bulled its way past the 1420¢ that blocked it last week. One more strong push will take it through 1440¢ and off to the races.

After last weeks little correction, it appears that gold has begun climbing again. If so, 'twill confirm by closing over $1,113 tomorrow.

Silver & gold are packing their bags for a rally. 2016 is their year of their comeback.

I had to finish my monthly Moneychanger on Saturday, but my wife Susan, my youngest son Zachariah, and his wife Victoria had a "Truth About Cancer: A Global Quest" blowout all day and into the night. That's Ty Bollinger's nine DVD documentary about alternative cancer treatments . I have watched seven of the DVDs already, and when I got home at 6:30, watched the eighth with them -- they'd been watching since 10:30 a.m.

Yep, it IS that good, and that engaging. Draws you right in and won't let you go, & includes interviews with some of my heroes, including Dr. Jonathan Wright & Dr. Stanislaw Burzynski. Worst crime you can commit in the USA is to find some cure for cancer. That will bring the government down on your head worse than robbing banks and sassing politicians.

But the "Truth About Cancer: A Global Quests" presents answers about cancer. I bought the entire set, but you can watch the first two episodes at I don't recommend any particular medical treatment for anyone, but I unreservedly recommend everyone view the "Global Quest" to learn about cancer alternatives. I have no financial interest in making this recommendation, but if they ask, tell them The Moneychanger sent you.

Argentum et aurum comparanda sunt —
Silver and gold must be bought.

— Franklin Sanders, The Moneychanger

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Market Snapshot See more charts and market data
25-Jan-16 Price Change % Change
Gold, $/oz 1,106.20 9.00 0.82%
Silver, $/oz 14.24 0.20 1.40%
Gold/Silver Ratio 77.683 -0.449 -0.57%
Silver/Gold Ratio 0.0129 0.0001 0.58%
Platinum 859.70 30.00 3.62%
Palladium 489.70 -8.70 -1.75%
S&P 500 1,877.08 -29.82 -1.56%
Dow 15,885.22 -208.29 -1.29%
Dow in GOLD $s 296.85 -6.36 -2.10%
Dow in GOLD oz 14.36 -0.31 -2.10%
Dow in SILVER oz 1,115.54 -30.48 -2.66%
US Dollar Index 99.31 -0.28 -0.28%
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: 1,106.00      
GOLD Fine Tr.Oz. BID ASK $/oz
American Eagle 1.00 1,136.97 1,151.35 1,151.35
1/2 AE 0.50 563.55 583.42 1,166.83
1/4 AE 0.25 284.54 297.24 1,188.95
1/10 AE 0.10 116.03 121.11 1,211.07
Aust. 100 corona 0.98 1,075.43 1,084.43 1,106.33
British sovereign 0.24 262.31 275.31 1,169.52
French 20 franc 0.19 208.04 212.04 1,135.72
Krugerrand 1.00 1,120.38 1,130.38 1,130.38
Maple Leaf 1.00 1,116.00 1,130.00 1,130.00
1/2 Maple Leaf 0.50 635.95 580.65 1,161.30
1/4 Maple Leaf 0.25 282.03 295.86 1,183.42
1/10 Maple Leaf 0.10 117.24 120.55 1,205.54
Mexican 50 peso 1.21 1,325.39 1,336.39 1,108.40
.9999 bar 1.00 1,109.87 1,118.00 1,118.00
SPOT SILVER: 14.21      
SILVER Fine Tr.Oz. BID ASK $/oz
VG+ Morgan $B4 1905 0.77 22.50 26.00 33.99
VG+ Peace dollar 0.77 17.50 20.00 26.14
90% silver coin bags 0.72 11,729.58 12,087.08 16.91
US 40% silver 1/2s 0.30 4,072.48 4,234.48 14.35
100 oz .999 bar 100.00 1,445.50 1,470.50 14.71
10 oz .999 bar 10.00 143.55 148.55 14.86
1 oz .999 round 1.00 14.31 14.77 14.77
Am Eagle, 200 oz Min 1.00 15.71 16.96 16.96
SPOT PLATINUM: 859.70      
Plat. Platypus 1.00 874.70 904.70 904.70
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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.

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