Thinking About Buying Silver or Gold Ever? Better Make It Quick

Gold Price Close Today : $781.30
Change: 6.70 or 0.9%

Silver Price Close Today : $9.59
Change: 24 cents or 2.6%

Gold Silver Ratio: 81.47
Change: -1.375 or -1.7%

Dow Industrials: 8,419.09
Change: 270.00 or 3.3%

US Dollar Index Today: 86.56
Change: -0.50 or -0.6%

The SILVER PRICE rose 24 cents today to close at $9.59. The GOLD PRICE rose $6.70 to $781.30. Look at the gold and silver price charts and you will trace out a series of higher lows -- definition of an uptrend. Every passing day re-confirms those November bottoms.

If you are thinking about buying silver or gold ever, then better make it quick. A rally has already begun that will stretch to next spring. Once the public catches on that they have already been had, that the inflation is unstoppable, they will run into metals. My experience of the last 3 months makes me think that very few of them will find any to buy.

In what is, I contend, the most perfect song of the last 50 years, "Lying Eyes" by the Eagles, the girl asks herself "how things ever got this crazy". I bet Ben Bernanke and Hank the Honker Paulson hum that song to themselves under their breath all day long. Even as much contempt as I have for the Fed and the yankee government (brother, that's a deep well) would never have envisioned the stunts they are pulling these days: bail-outs, hand-outs, pass-outs, burn-outs, and snuff-outs amounting to $8 trillion, half the US GDP. And every day Buckbuster Ben announces another new "Facility" for $300 to $800 billion. Of course, the Fed (or more precisely, its owners) always ran the government, but they always did so behind a mask. Now the mask has been ripped away and they have completely taken over. But they're going to change the old Nazi greeting from Sieg Heil! To Geld Heil!

I reiterate all this to press upon your mind with the greatest possible weight that the US economy has been hijacked by tapeworms who will destroy both the economy and the dollar. The end draweth nigh.

Today the US DOLLAR INDEX dropped more today than it rose yesterday, and closed at 86.55, down 50 basis points. That begins a series of lower tops,i.e., a downtrend. The rally has ended. Get out of dollars, quickly and deliberately.

Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.

- Franklin Sanders, The Moneychanger

"Buy Silver and Gold Coins at:"
The-MoneyChanger.com

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 is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate in a bubble, primary trend way down.

Gold Price Dropped $41.60 to $774.60 - Nothing Climbs Straight Up

Gold Price Close Today : $774.60
Change: -41.60 or -5.1%

Silver Price Close Today : $9.35
Change: -83.5 cents or -8.2%

Gold Silver Ratio: 82.84
Change: 2.707 or 3.4%

Dow Industrials: 8,148.29
Change: -680.75 or -7.7%

US Dollar Index Today: 87.05
Change: 0.44 or 0.5%

The US Mint, in another dazzling display of marketing skill and organisational competence, announced today that, until further notice, in 2009 they would make no American Gold Buffalos, no fractional Gold American Eagles, and no Platinum American Eagles. Yet they will be striking one ounce gold and silver American Eagles, but selling through their cartel of dealers "by allotment", which translates "rationing."

Iss brilliant viktory of socialist buzzness plannink, Comrades!

More lunacy today.

Based apparently on news that the Fed is going to inflate more than ever, the US dollar index has risen to 87.052. This news is added to the $8 trillion worth of bail-outs, cop-outs, and spend-outs, plus the $300 - $800 billion of new bailouts the Fed or Treasury announces daily. They're going to kill the dollar. Really.

More news: the National Bureau of Economic Researched announced today that the economy has been in a recession since last December. They also announced that Napoleon lost the Battle of Waterloo.

Stocks took a big fall today, No. 4 in history for size, but it's not a new low and comes on a day with a big dollar rise. If the Dow survives -- that is, doesn't break the old 7,552 low -- than it will simply confirm that it has made a bottom. Odds favour that outcome.

SILVER and GOLD PRICES were nuked today. The gold price dropped 41.60 to 774.60 and silver price dropped 83.50 cents to close at $9.35. However, when you look at a chart, even these large drops are not fatal to the uptrend. In fact, they don't appear significant. Nothing climbs straight up; everything zigs and zags. This is a zag. Y'all remember that I have warned that volatility would be the rule, and that it would wear your nerves raw. Here 'tis.

The GOLD/SILVER RATIO is dropping, but slightly and slowly. This also bodes well for metals. "A trend in force remains in force until broken." Uptrend for silver & gold remains in force, so I continue to observe that Nov 18 marked the bottom for both. Both metals have also entered a new rally that will carry much higher into next spring.

Joke of the day: Last week Citibank's [sic] research group announced that gold could hit $2,000 [sic] next year. Too bad Citibank management hasn't been reading the reports from its research group -- for the past 10 or 12 years!

Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.

- Franklin Sanders, The Moneychanger

"Buy Silver and Gold Coins at:"
The-MoneyChanger.com

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 is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate in a bubble, primary trend way down.

Silver and Gold Prices Have Made Their Lows and Now are Climbing in a Rally that Will Last Until Well Into Next Spring

Gold Price Close Today : 818.50
Change: -1 or -0.1%

Silver Price Close Today : 10.27
Change: -8.5 cents or -0.8%

Gold Silver Ratio: 79.70
Change: 0.558 or 0.7%

Dow Industrials: 8,479.47
Change: 36.08 or 0.4%

US Dollar Index Today: 84.77
Change: -1.04 or -1.2%


Although somebody (Nice Government Men?) painted the tape brilliantly yesterday to make metals' performance look worse than it was, their strength could not be hidden. The gold price rose $80 in two days, the silver price over $1. Most of the day the gold price was circling around $830, and the silver price $10.50, although the closes came in much lower.

Today they eased off a little, the gold price down a dollar to $818.50 and the silver price down 8.5 cents to $10.27. The real hurdles now are $850.00 for gold (25 year resistance) and $10.50 for the silver price, but they ought to be surpassed quickly.

Silver and gold prices have made their lows and now are climbing in a rally that will last until well into next spring. If you were waiting for a "sign" to buy, you got it yesterday and Friday.

The US Dollar index is collapsing, literally. Yesterday it dropped 280 basis points. I kept looking at that figure, unable to grasp it. Thought it must be a misprint. Today the dollar index fell another 104 basis points to land at 84.769. Looks like the liquidity squeeze -- and the panicked demand for dollars -- has ended. Down 380 basis points in two days? This is not alarming, it is humiliating. The dollar is trash, and will be trashed.

STOCKS probably have yet one more downward spike, but may have already bottomed. Still looking for a bottom by the end of the month and beginning of 3 - 4 month rally, before stocks fall off the face of the earth into the black hole of a bear market.

Reading back over a few commentaries from the last few months, I realize I may sound fairly, well, sarcastic toward the monetary and governmental powers that be. I confess that I hold them all in contempt, as clowns too ignorant to recognize what damage they are doing, or as mercenary traitors willing to destroy the lives of millions. In any event, they are not serious people. Serious people don't do such things; they take heed of their actions' consequences.

And I realize that I am always urging you to buy silver and gold. There's a reason for that. It will be a long bear market in the economy and stocks and the dollar, and a long bull market in silver and gold. It's hard enough for people to grasp that, harder still for them to act on it. Rather, they will watch like a mouse fascinated by a dancing snake while their capital is gobbled down by a bear market. I trust y'all understand that and have acted -- or will act -- soon.

Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.

- Franklin Sanders, The Moneychanger

"Buy Silver and Gold Coins at:"
The-MoneyChanger.com

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 is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate in a bubble, primary trend way down.

Today Silver and Gold Blew Everybody's Ears Back - All You Could Hear Was the Whining Roar of the Silver and Gold Price Jets

Gold Price Close Today : 799.75
Change: 51.5 or 6.8%

Silver Price Close Today : 9.575
Change: 55 cents or 6.1%

Gold Silver Ratio: 83.52
Change: 0.577 or 0.7%

Dow Industrials: 8,046.26
Change: 493.97 or 6.5%

US Dollar Index Today: 87.66
Change: -0.96 or -1.1%


The US DOLLAR INDEX has about exhausted its parabolic move. Gravity looks ready to take over. It has failed three times to break through the ceiling at 88, yet again today. Other indicators are neutral or negative, and it has traced out a "bearish rising wedge." That's an up-pointing triangle that usually resolves to the downside. Let's leave it at this: I wouldn't go long dollars any time soon. Chance is you'll see the buck at 70 again before you'll see it at 95.

Despite the Walking Dead routine today, the stock market zombie will drop again. Perhaps this week it came near to a bottom, but there is a lower low coming next week.

Today silver and gold blew everybody's ears back. All you could hear was the whining roar of the silver and gold price jets.

The gold price closed on its 50 day moving average -- Wow. Investors were waiting for the gold price to cross over $750. As soon as it climbed through that window today, it shot higher. In the aftermarket it was trading at 803.70. The gold price has traced out a broadening bottom, and now confirmed the key reversal it made a week ago Thursday: higher is the next direction. First the gold price must burst through resistance around $825-$830, then $875, before it can take aim for the October high at $936.30. Today the gold price gained $51.15 [sic], if you're wondering how fast it can move when it really tries.

Y'all ain't seen nothing yet.

The silver price followed its key reversal a week ago Thursday with a swoon most of the week but closed higher for the week, clinching and confirming the key reversal. Look for much higher prices next week. Rounding bottom nearly finished.

Both silver and gold prices have confirmed bottoms, and seem to have launched a rally that will carry into next spring. Stocks will bottom next week, somewhere lower than this week, and begin a rally that will last as long as 4 months and carry to 10,000 or 11,000 -- your last chance to sell them all. US Dollar is ending its rally, which should push silver and gold prices even higher. No end in sight for the financial crisis, or the bloodsucking greed of corporate America. Expect the new congress to pass a bill sending every man, woman, and child in the country a $2 million check. Shoot, let's bail out everybody!

Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.

- Franklin Sanders, The Moneychanger

"Buy Silver and Gold Coins at:"
The-MoneyChanger.com

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 is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate in a bubble, primary trend way down.

Silver and Gold Prices Stand on the Verge of Breaking Out of their Downtrends

Gold Price Close Today : 748.60
Change: 12.7 or 1.7%

Silver Price Close Today : 9.025
Change: -28.5 cents or -3.1%

Gold Silver Ratio: 82.95
Change: 3.903 or 4.9%

Dow Industrials: 7,552.45
Change: -444.83 or -5.6%

US Dollar Index Today: 88.17
Change: 0.42 or 0.5%

No sooner had the words escaped my keyboard than the Dow Jones Industrial average proved yet again that triple bottoms are very, very rare. Breaking 8,000 yesterday broke stock investors' morale, & try as they might throughout the day to keep a stiff upper pocketbook, shortly after 14:00 somebody yelled, "Every man for himself!" When the dust cleared the Dow had dropped 444.83. S&P500 fell even more, down 54.14. Final scoreboard read Dow 7,552.45 & S&P500, 752.44. That Dow figure is probably within 500 - 700 points of the low, which, after today's debacle, ought to occur within the next few days.

The Dow in Gold Dollars (DiG$) made a new low for the move today, G$208.55 (9.943 oz), versus the 9 October low at G$200.82 (9.715 oz). DiG$ is telling us that gold will outperform stocks for some time to come.

The mysterious floating US DOLLAR INDEX rose today 42 basis points to 88.165, reaching, meseemeth, for another lower high in a series. Possible here is a spike top to 90 before it finally dries up and drops back toward its intrinsic value, namely, zero.

Either some confusion exists in the precious metals markets, or the Nice Government Men busied themselves today selling silver futures in their attempt to drive down the gold price. The gold price closed up 12.70 at 748.60 while the silver price closed down 28.5 at $9.025 (at 4:30 CST they were 747.70 & 9.06). Either that is a bad omen, where the silver price will pull down the gold price, or it is a market making up its mind.

Both silver and gold prices stand on the verge of breaking out of their downtrends, so if you were NGM strategizing, it was a critical place to sell silver to make the whole precious metals group look weak.
Platinum and palladium, too, both sold off badly today and yesterday, but that is easily explained by the American automakers' troubles, because auto catalysts consume a huge part of both metals.

GOLD/SILVER RATIO continues trending down but needs to break below 76:1.

I believe we've seen the lows in gold and silver. Seasonally they are setting up for huge rallies into next spring, falling wedges on both charts. Keep on buying both silver and gold.

Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.

- Franklin Sanders, The Moneychanger

"Buy Silver and Gold Coins at:"
The-MoneyChanger.com

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 is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate in a bubble, primary trend way down.

Both Silver and Gold Charts are Beginning to Display Marks of Rounding Bottoms - If you Haven't Already Bought, Buy Now

Gold Price Close Today : 735.90
Change: 3.30 or 0.5%

Silver Price Close Today : 9.310
Change: -24 cents or -2.5%

Gold Silver Ratio: 79.04
Change: 2.332 or 3.0%

Dow Industrials: 7,997.28
Change: -427.47 or -5.1%

US Dollar Index Today: 87.75
Change: 0.54 or 0.6%

Oooo . . . Today was a scary one. Stocks? Scary. The Dow dropped below 8000, and even a few points demoralizes buyers. It dropped today 427 points to stop at 7,997.28. S&P fell worse, down 52.54 points to 806.58. This is the third drop toward this same area, & truth to tell, markets only very rarely make triple bottoms. On third tries they usually break through. The Dow in Gold Dollars (DiG$) closed way down today at G$224.67 (10.867 oz) dropping through support toward the October low. Rest of November won't bring comfort to stock investors.

The US DOLLAR INDEX rose today, 54 Basis points, to 87.75. Ponder -- it remains below 88, which has stymied it so far twice, and looks ready to break down again. When it does, it will be Katy bar the door for silver and gold prices. Speaking of silver and gold, gold was firmer today and silver was mushier. Yesterday silver rose while gold fell slightly, today that was reversed. This bespeaks some confusion in the market. The big sellers have shot their wad without being able to break the market further.

Sellers are disappearing. Both silver and gold charts are beginning to display marks of rounding bottoms. If you haven't already bought, buy now. On the nervous side, I don't welcome the $38 & $34 drops in platinum & palladium today. Maybe other markets are bracing themselves for a stock drop?

On this date in 1919 the U.S. Senate rejected the Treaty of Versailles (& the League of Nations). That was before they had learned their globalist duty, back when they still had spines.

On this day in 1993, on the other hand, the US Senate voted for the North American "Free Trade" Agreement (NAFTA), doing its utmost to reduce the American economy to 5th World status. What a difference a spine makes!

Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.

- Franklin Sanders, The Moneychanger

"Buy Silver and Gold Coins at:"
The-MoneyChanger.com

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 is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate in a bubble, primary trend way down.

Expect a Strong Gold and Silver Price Rally to Begin Soon - Accelerating After the New Year

Gold Price Close Today : 732.60
Change: -9.30 or -1.3%

Silver Price Close Today : 9.550
Change: 22 cents or 2.4%

Gold Silver Ratio: 76.71
Change: -2.806 or -3.5%

Dow Industrials: 8,424.75
Change: 151.17 or 1.8%

US Dollar Index Today: 87.21
Change: 0.27 or 0.3%

Another day in which the Nice Government Men painted the tape. The gold price refused to drop below $732, but was "closed" at $732.60, then promptly began climbing to 738 - 741 now (16:50 CST). Stocks were "up" (raise volume on canned applause in the background) by 151 huge points. The silver price closed up 22 cents, then rose another 20 cents in the aftermarket. The US DOLLAR INDEX rose 27 basis points to close at 87.21.

The closes in silver and gold smelled even stranger because the silver price "closed" up 22 cents while the gold price "closed" down $9.30. Confusion in the market, or just a painted tape? Confusion would indicate silver and gold prices are faltering, but for some reason I can't quite put my finger on (besides my fundamental, abiding, deep-seated, and absolutely certain distrust of the yankee government) today's trading did not seem weak or wavering at all.

At the bottom line, the silver price improved its Thursday key reversal again today, while the gold price remained high enough to keep from endangering the key reversal. All remains on track.

Looking ahead, there shouldn't be more than a couple of weeks to run on the dollar's rally. Expect a strong gold and silver price rally to begin soon and wade through the end of the year, accelerating after the new year. A rally is due to begin in stocks, probably by end-November, which will give you, quite literally, "one last chance" to escape stocks.

It remains very difficult to get silver and gold. Shipments of silver are late. From day to day I don't know what we will have available to sell. It's a very small door into gold and silver: y'all better crawl through while you've got a chance.

Following is a small quotation from a courageous Tennessean (ah, but I repeat myself) addressing the 2nd Bank of the US, the banksters of our day. Jackson was not, however, offering them any bailouts or favours:

Gentlemen, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves . . . I intend to rout you out, and by the Eternal God I will rout you out!

Just try to imagine one of those Washington traitors or running dogs of the banksters saying those words today. Only reply they know to banksters, is "Yes" & "How much?"

Argentum et aurum comparenda sunt -- -- Gold and silver must be bought.

- Franklin Sanders, The Moneychanger

"Buy Silver and Gold Coins at:"
The-MoneyChanger.com

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 is up targeting 16:1 gold/silver ratio or $195.66; stocks' primary trend is down, targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated assets, primary trend down; real estate in a bubble, primary trend way down.