Silver and Gold rally on a Friday?? Cool !!
US Dollar is still not falling as most would suspect, but with the working group doing what they can to “not” tell the people they are suppose to help about their actions, the dollar remains steadfast, down 11.1 points at 82.570 close to its low of 82.520. Treasuries remain range bound and uneventful for now with the 10 year and 30 year trading at the bottom end of their channel. Energy Sector is starting to climb with Crude Oil in the lead at $88.35 up 62 cents and in the middle of today’s range. Gold is up $14 at $1,406.40 after reaching as high as $1,424.70 about 30 minutes before midnight PST. Silver is up as well with its trade at $23.445 up 20 cents with its high at $23.820. Open Interest is at 155,166 and we suspect the shorts are the ones exiting the battle but more time is needed to confirm this is the time to climb. Grains are mostly lower with Soy Meal/Corn/Rice the exceptions, Softs are mostly higher with Sugar trading lower. Live Stock Sector is trading in the negative and our Paper Markets still look exactly like a Stepford Wife, frickin spooky to look at. We close out our week with encouragement and with mother nature adding her support for higher metals pricing as the world goes thru a growing spurt. Opening up sinkholes and the shaking causing landslides in Utah along with the flooding in South America’s mining areas along with the closing down of one of Barricks primary hopes. Soon we will see the Karmic reaction to this precious metals suppression. Heck we just witnessed main stream media being forced to talk about last Friday’s and Monday’s orchestrated attack
on Gold and Silver and the unexpected reaction of large purchases from investors globally. We are truly in times of change. Fasten the seat belt, enjoy your weekend 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….
2013-04-19 08:45:29
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