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Gold/Silver rally as the dollar falls
US$ isn’t doing so well this early morning, it could be because of the Republican Party’s dismal appearance keeping Ron Paul delegates out of the convention and the turmoil shown on TV or is there really a major bank on the verge of going belly up? Who really knows ahead of time except the perps anyways? However the dollar is down 41.2 points with the trade at 81.30 right where the low is at 81.28, Treasuries are mixed with Eurodollars trading higher, Notes/Bonds are moving lower. Energy Sector is responding to the falling dollar by trading higher across the board with Crude Oil up 64 cents with the trade at $95.26. Gold is higher as expected with the trade at $1,662.90 up $5.80 at its high, Silver is trading at $30.665 (Dec) with the top currently at $30.68 with the rest of the metals following suite as well. Grains are all slightly lower than the Chicago close from yesterday, Livestock market is adding value with the entire sector trading higher, Softs are in the positive as well adding value against the falling dollar. Paper Markets are recovering from the sell off yesterday as we get prepared for the non-event called The Jackson Hole Ritual. The monetary authorities have no other choice than to print money, so the only real question is when are they going to tell us? And that my friends won’t help anyone unless they’re assets are set towards an inflationary proof vehicle. The only one that is outside this third party system is precious metals held in your hands. So when the announcement comes, and it will! Those that hold the metals will be safer than most others …. Got Gold?? Got Silver?? …. Have a safe holiday and as always … 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….
2012-08-31 07:27:19
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