The Moneychanger
Daily Commentary
Monday, 28 August a.d. 2017 Browse the commentary archive

So far, so good. The Korean slapping contest eased a little today & the US dollar index rose 59 basis points (0.64%) to 92.83. Neither event slew gold, although it has backed off Tuesday $1,325 high. Dangerous as it is, I have been speculating that gold has been rising in its own rally and not pushed up because of Trump & Kim Ding Dong's parlor games. It's important, because gains gold makes during political crises usually don't last. Therefore when gold gets slapped from two directions and STILL remains above $1,306, gold is whispering under its breath, "Strong! Strong! I think I can!"

Gold backed up $5.00 today (0.4%) to $1,308.10 on Comex. Silver lost only 2.2¢ to 1740.4¢.

As long as gold stays above $1,295, I am not rattled, 'cause it means the rally remains intact. Silver today was stronger than gold. It needs only to remain above 1725¢.

Look for a second at the US $ Index chart, http://schrts.co/OkJ5UT

Yesterday the Dollar Index hit a 2-1/2 year low as North Korea lobbed a missile over Japan. But after a spike low at 91.55, he dollar closed higher. Then today it closed higher again, in a classic key reversal upwards.

Now the question becomes whether the dollar intends to change directions in earnest, or this is no more than a reaction to falling the past couple of months.

I haven't been able to reach a dogmatically clear conclusion about next direction of the dollar. From here it's all mere churning until the dollar index conquers 94.

Dow rose modestly (0.64%) but the S&P500 punched through the top boundary of its downtrending channel AND the 50 & 20 DMAs. Look here, http://schrts.co/vtdPMb Might be a one or two day fake out that fails, or might mark the start of some larger upmove. Doesn't make much difference as I still believe stocks broke on 8 August.

Dow added 27.06 (.12%) to 21, 892.43 and the S&P500 climbed 11.29 (0.4%) to 2,457.59.

Now I ain't no doctor & certainly wouldn't recommend anybody try what I try, but recently I came across something amazing for pain: thiamine. They used to prescribe it in the 1940s & 1950s for nerve pain. I've been taking 1,000 mg. in the morning on an empty stomach. After about three days I noticed most of my joint and back pain had disappeared. Felt pretty frisky. It's a vitamin, vitamin B1, that's all. Of course, I did start Osteostrong about the same time, but that's a story for tomorrow.

Here's a link to the thiamine I bought, in bulk, 250 grams, http://amzn.to/2vtIFrS

I also must take a B-complex supplement with the thiamine. I use this one at this link, http://amzn.to/2wKa8Fn

I ain't recommending y'all do this, mind you, just telling you what happened to me.

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
30-Aug-17 Price Change % Change
Gold, $/oz 1,308.10 -5.00 -0.38%
Silver, $/oz 17.40 -0.02 -0.13%
Gold/Silver Ratio 75.161 -0.192 -0.25%
Silver/Gold Ratio 0.0133 0.0000 0.26%
Platinum 993.50 -8.60 -0.86%
Palladium 91.35 -13.70 -13.04%
S&P 500 2,457.59 11.29 0.46%
Dow 21,892.43 27.06 0.12%
Dow in GOLD $s 345.96 1.74 0.51%
Dow in GOLD oz 16.74 0.08 0.51%
Dow in SILVER oz 1,257.90 3.14 0.25%
US Dollar Index 92.83 0.59 0.64%
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: 1,307.80      
GOLD Fine Tr.Oz. BID ASK $/oz
American Eagle 1.00 1,318.26 1,328.26 1,328.26
1/2 AE 0.50 659.93 673.52 1,347.03
1/4 AE 0.25 343.04 351.47 1,405.89
1/10 AE 0.10 139.17 141.90 1,418.96
Aust. 100 corona 0.98 1,272.29 1,281.91 1,307.80
British sovereign 0.24 310.17 323.17 1,372.83
French 20 franc 0.19 241.72 245.72 1,316.15
Krugerrand 1.00 1,313.03 1,323.03 1,323.03
Maple Leaf 1.00 1,311.72 1,321.72 1,321.72
1/2 Maple Leaf 0.50 751.99 686.60 1,373.19
1/4 Maple Leaf 0.25 333.49 349.84 1,399.35
1/10 Maple Leaf 0.10 138.63 142.55 1,425.50
Mexican 50 peso 1.21 1,564.86 1,565.86 1,298.71
.9999 bar 1.00 1,309.80 1,321.80 1,321.80
SPOT SILVER: 17.40      
SILVER Fine Tr.Oz. BID ASK $/oz
VG+ Morgan $B4 1905 0.77 21.00 24.00 31.37
VG+ Peace dollar 0.77 14.50 17.50 22.88
90% silver coin bags 0.72 12,115.68 12,401.68 17.35
US 40% silver 1/2s 0.30 4,954.53 5,102.53 17.30
100 oz .999 bar 100.00 1,749.50 1,774.50 17.75
10 oz .999 bar 10.00 173.45 312.59 31.26
1 oz .999 round 1.00 17.40 17.75 17.75
Am Eagle, 200 oz Min 1.00 18.40 19.55 19.55
SPOT PLATINUM: 993.50      
PLATINUM Fine Tr.Oz. BID ASK $/oz
Plat. Platypus 1.00 1,003.50 1,038.50 1,038.50
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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.
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  • 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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