Ho-Hum Monday with Precious Metals kept under control (for now)
US Dollar is again given support during the Euro time trade with the price now at 82.630, so far it is the low of the day as we wake to see if this weekend mattered. Treasuries are all trading in the negative but ever so slightly with the 30 Year Bond down 11/64’s. Energy Sector is climbing with Crude Oil up $1.02 at $93.72 with the rest of the sector adding value as well. Gold is never allowed to have a second strong day rally in a row but is up $2.70 at $1,578.60 after reaching $1,582.90 during the Asian Markets trading. Silver is barely higher with the trade now at $27.32, up 3.7 cents with a high of $27.465, however, the rest of the metals sector is up strong. There should be no doubts by now that the central banking system hates precious metals but will someday embrace the obvious as we have, and will eventually be forced to buy the metals to back the US Dollar’s value if it is to last as an international currency. Grains are up with Oats/Rice neutral to lower, Softs are mostly higher with Cocoa trading flat. The Live Stock Sector will open at 9:10 Chicago time and the Paper Markets are trying desperately to stay inside the Inclining Wedge in order to keep it’s trader’s aloft as we witness another Ho-Hum rally this Early Monday Morning. This is a perfect time to buy precious metals while one can and to quickly exit the third party banking system before the events of Cypress happen somewhere else. …. 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….
2013-04-08 05:45:24
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