For those wanting info on the gold and silver markets!

Friday, 30 January a.d. 2008
Here's the scorecard for the week:
23-Jan 30-Jan Change % change
Silver, cents/oz. 1193.2 1256 62.80 5.3%
Gold, dollars/oz. 895.30 927.30 32.00 3.6%
Gold/silver ratio 75.03 73.83 -1.20 -1.6%
Silver/gold ratio 0.01333 0.01354 0.00022 1.6%
Dow in Gold Dollars (DiG$) $ 186.51 $ 178.36 $ (8.15) -4.4%
Dow in gold ounces 9.022 8.628 -0.394 -4.4%
Dow in Silver Ounces 676.97 637.01 -39.955 -5.9%
Dow Industrials 8,077.56 8,000.86 -76.700 -0.9%
S&P500 831.95 824.71 -7.240 -0.9%
US dollar index 85.472 85.946 0.474 0.6%
Platinum 955.40 987.00 31.600 3.3%
Palladium 195.50 195.00 -0.500 -0.3%
Last Friday I said I as expecting gold to challenge 920 this week,
but I wasn't really expecting it to burst through, as it did today.
As I muse and ponder silver & gold strength, what stands out
is the US Dollar Index. It rose this week, yes, rose, but that didn't
bother silver or gold a bit. Gold rose US$32 (3.6%) & silver
rose 62.8 cents (5.3%). Whenever I see silver & gold unintimidated
by a rising dollar, I know some wiry strength lies under the market.
If the dollar intends to rally to 88, it sure is keeping its friends
in the dark. Two outcomes are likely from here: it rallies to 88, where
it fails, or, it fails after closing below its 50 DMA, about 84. Either way,
guess what? It fails. Get out of dollars, and all investments
that promise to pay you dollars in the future.
STOCKS are just so sick they can't rise up off their bed
of pain. The Dow in Gold Dollars, my measurement of the
Dow by gold, dropped G$8.15 this week (0.394 oz) to
a new low of G$178.36 (8.628). Odd here is that it has traded
into a "falling wedge" formation, which usually resolves
by breaking out to the upside. Here, the DiG$ is trying to
break out downside. If it follows thru lower on Monday,
the ultra-reliable DiG$ is telling us that gold is about to
wildly outperform stocks, and stocks are going to sink
much lower. If we ever see stocks rally, sell all you got.
"Tawdry" isn't a word I get to use very often, but it
flew to mind when I looked at the Dow right at closing.
It lay there gasping for air, 15 points beneath 8000, was
below 8000 at closing, but the settlement -- O miracle of
miracles -- came in at 8,000.86. Tawdry.
As I suspected last week, gold did a "touchback" toward
the breakout point, but never got lower than 875. Then
yesterday gold staged the first half of a key reversal,
& scored the second half today with a higher -- much
higher -- close. Beware -- plenty of resistance lies between
here and 950, so next week will be tough. Doubt not
that the "yaller metal" has caught the attention of
the Nice Government Men trying to manipulate
the dollar, the economy, & your future, & they're
likely to mount an attack whenever they view
gold as overextended & vulnerable.
I just don't know -- whether gold will breach
940 & run on through US$1,000 on this first try,
or whether it will need a couple of tries. I do know
that gold will shortly break that US$1,000, I just don't
know how quickly.
Look at silver's chart (go to www.stockcharts.com &
make a chart with symbol "$silver"). It has traced out
a saucer or rounding bottom. The rim stands around
1350 cents. It may bounce trying to break through
that rim, but break through it will.
The Experts Speak. (I love doing this.)
"This is the time to buy stocks. This is the time to
recall the words of the late JP Morgan that any man who
is bearish on the United States will go broke. Within
a few days there is likely to be a bear panic rather than
a bull panic. Many of the low prices as a result of this
hysterical selling are not likely to be reached again
in many years." R.W. McNeel, dir. Of McNeel Financial
Service, 30 October 1929.
And how about this one, pure, 100% high grade
Blarney:
"I see nothing in the present situation that is either
menacing or warrants pessimism. . . I have every
confidence there will be a revival of activity in the spring,
& that during this coming year the country will
make steady progress." -- Andrew W. Mellon, US
Secretary of the Treasury, 31 December 1929.
Remember, there's only one way to tell when
government officials are lying: there lips are moving.
Y'all have a great weekend.
Argentum et aurum comparenda sunt --
-- Silver and gold must be bought.
- Franklin Sanders, The Moneychanger
© 2009, The Moneychanger. May not be republished in any form,
including electronically, without our express permission.
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 $1,250.00; silver's primary is up
targeting 16:1 gold/silver ratio or $78.13; stocks' primary trend is down,
targeting Dow under 2,900 and worth only one ounce of gold; US$ or US$-denominated
assets, primary trend down; real estate in a bubble, primary trend way down.
Footnotes:
The US DOLLAR INDEX is a average exchange rate for the US dollar against the
Euro, Yen, Pound sterling, Canadian Dollar, Swiss Franc, and Swedish
Krona, weighted for each country's trade with the US. It gives a general measure
of the US dollar's performance against all other currencies.
The DOW IN GOLD DOLLARS measures the Dow Jones Industrial Average in
gold dollars (0.048375 troy oz. by law). The DiG$ 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, & 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.

30-Jan-09 Price Change CLOSES
Gold, $/oz 927.30 22.20 2.5%
Silver,cents/oz 12.560 0.420 3.5%
Gold/SilverRatio 73.83 -0.726 -1.0%
Silver/Gold Ratio 0.01354 0.00013 1.0%
Platinum 987.00 25.00 2.6%
Palladium 195.00 0.00 0.0%
Dow 8,000.86 -148.15 -1.8%
DowInGOLD$s $178.36 $ (7.74) -4.2%
Dow in GOLD oz. 8.628 -0.374 -4.2%
Dow in SILVER oz 638.79 -20.43 -3.1%
US Dollar Index 85.95 0.48 0.6%
NOTE: The following are wholesale, not retail, prices.
To figure our retail selling price, multiply "Ask" price
by 1.035. To figure our retail buying price, multiply
"Bid" by 0.97. Lower commissions apply to larger orders,
higher commissions to very small orders.
GOLD: Fine Tr.Oz. BID ASK Ask,$/oz.
American Eagle 1 964.39 975.39 975.39
1/2 AE 0.5 491.47 497.15 994.30
1/4 AE 0.25 244.00 N/A #VALUE!
1/10 AE 0.1 98.29 N/A #VALUE!
Aust. 100 corona 0.9802 908.94 933.94 952.80
British sovereign 0.2354 218.83 241.29 1,025.01
French 20 franc 0.1867 173.13 194.13 1,039.78
Krugerrand 1 964.39 975.39 975.39
Maple Leaf 1 927.30 967.30 967.30
1/2 Maple Leaf 0.5 485.67 N/A #VALUE!
1/4 Maple Leaf 0.25 243.42 N/A #VALUE!
1/10 ML 0.1 97.83 N/A #VALUE!
Mex 50 peso 1.2057 1,117.95 1,148.05 952.18
SILVER Fine Tr.Oz. BID ASK $/oz.
SilverDollarBags 0.765 16,500 18,500 24.18
90%SlvrCoinBags 0.715 9,813 10,564 14.78
US 40% silver 1/2s 0.295 3,488 3,663 12.42
100 oz..999 bar 100 1,373 1,478 14.78
10 oz. .999 bar 10 132.75 N/A #VALUE!
1 oz .999 rnd. 1 13.28 14.28 14.28
Am.Egl, 200oz. Min. 1 15.03 16.28 16.28
PLATINUM Fine Tr.Oz. BID ASK $/oz.
Plat. Am. Eagle 1 987.00 1,037.00 1,037.00
The Moneychanger
PO Box 178, Westpoint, Tennessee 38486
(888)218-9226; (931)766-6066; fax (931)766-1128
www.the-moneychanger.com
franklin@the-moneychanger.com
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.
While we are on the telephone, I will lock in a price and give you a contract
number. That contract obliges me to sell and you to buy at that locked-in price,
regardless what later happens in the market. If you buy when gold stands at $300
an ounce, whether it soars to $1,000 or drops to $100, you still bought it at the
price we fixed. If you sell when silver stands at $5.00, you still sold and I still bought
at that price whether silver rockets to the moon or it gets so cheap they start
paying people to haul it off in trucks like sand.
In other words, when you make a contract with us, I am giving you my word, and you
are giving me your word, that we will faithfully complete the contract. Just as when
you buy stocks or bonds, we cannot change or cancel the order once entered.
After you enter your order, you need to send us payment within forty-eight (48)
hours by personal check, United States Post Office (only) money order, or bank
wire. If you send a check (whether cashier's check, bank check, bank money
order or your personal check) we will hold shipment for fourteen (14) days to allow
the check to clear. Generally you will receive your order (shipped registered mail
or UPS) within three to four weeks from order entry.
Against bank wires we ship immediately upon receipt.

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