Gold/Silver and US$ switch for a day
US$ is rallied again as we see overseas support for the over-printed currency with the trade up 14.5 points at 82.395, Treasuries are still showing weakness across the board, oops now we see the “just in time” support we see all too often just before our country wakes to trade. Energy Sector is responding to the dollars support and is trading slightly weaker across its sector with Crude Oil down only 32 cents at $93.38 a barrel. Gold is down $3.10 with the trade at $1,609.70 close to its low of $1,608.60, Silver is down as well with the trade at $27.845 down 24.1 cents as we see the anti-metals traders once again fight the breakout at $28 in Silver and $1,600 in Gold, the base metals are following suit and are trading lower as well. Grains are mostly lower with Wheat leading the weakness, Softs are mixed with Coffee/Cotton trading lower Sugar/Cocoa higher, Livestock are showing weakness across the board as well. Indices are showing minor weakness at present as we enter our Wed trade session ….. Stay Strong!!
JB Slear
Fort Wealth Trading Co LLC.
866-443-0868 Ext 104
817-717-5489
Fax: 817-764-2537
www.FortWealth.com
Don’t risk what you cannot afford to lose….
2012-08-08 07:34:30
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