The coming rally in Silver/Gold will be unbelievable
US$ continues to be supported only during the night when the US markets are closed with the trade today at 82.80 up 8.9 points after reaching as high as 89.960, Treasuries have are still supported as well with Eurodollars/Notes/Bonds all held in check and are presently trading flat. Energy Sector is trading higher after the latest story popped up yesterday claiming Israel wants to have a 30 day war with Iran in the most advertised prewar push ever published, Crude Oil is trading at $94.39 up 6 cents after yesterday’s rally keeping the byproducts buoyed higher as well. Gold is holding its own with the price up 40 cents an ounce at $1,607.00, Silver is up as well but barely with the price set at $27.825, this is the 33rd attempt Silver has made so far in the past 3 weeks to keep Silver below $28 in what we think could easily be a routing of the shorts, especially if Israel does start the fight, base metals are flat to higher with Copper the only on trading just below the close. If this war is to start precious metals could easily explode in safe haven buying and bury the short traders 6 feet deep adding far more to the debt onto the populace since many think the JP Morgan client that is short Silver is the US Government. Grains are mostly trading higher with Soybeans the exception, Softs are mixed with Sugar/Cotton/Cocoa trading higher, Coffee trading sharply lower. Livestock sector is trading lower and the Paper Markets are all under support as well as we enter the Thursday trade here in the USA …. 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….
2012-08-16 08:12:44
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