Silver, Gold, and the Crypto’s continue to add value

It seems the US Dollar is getting choppy as these highs and is being met with sellers pushing it in the opposite direction with the trade sitting at 81.420,  down 18 points with its low at 81.35 so far.   Treasuries keep getting jammed higher with the buyers of last resort attempting to shake out what is left of the shorts as the whole world watches the US continue to isolate itself from international trades.   Maybe the think tanks that give guidance to the present administration should be replaced with traders on the ground that didn’t go to the colleges that Paul Volker mentioned only taught its students how to gauge the system and not how they work.   Because this group is forcing the uncollectable debt back into our hands at the same time they seem to be to be accelerating the shutdown of international transactions of American made products.   I don’t have a problem with the idea of isolation (after all,  this will strengthen our nation’s tax revenue and  reduce the jobs problem as well as shrink our already over-bloated government),  but this needs to be done slowly so manufacturing jobs have a chance to re-enter our system without the shock of shortages.   Energy Sector is back on the rise again with Crude Oil leading at $98.13,  up 79 cents with the rest of the group following as Israel and Palestine are back at it again as well as air-strikes in Iraq and more fighting going on in the Ukraine.   The entire sector should have rocketed higher,  but that would put money into the hands of those we’re trying to isolate (Iran, Russia, and the entire Middle East).   They should know by now that nothing can control a planet of bipeds that have different views.   Gold is on its third day of rally as I have to hit my screen to see if it got stuck or something as the trade sits at $1,319.80,  up $7.30 cents with its high at $1,324.30.   Yes that’s the 1% rule we’ve seen over and over and over again.   Open Interest keeps gaining at the same time more metals have left the Comex warehouse system.   We all know that these types of fundamentals haven’t worked in years,  but maybe they will this time.   I pity those that can’t see this market as being manipulated,  or have turned their heads from it.   I do understand though,  because I have often thought about taking that blue pill myself so I can go along with my head in the clouds.   I’m certain it’s a lot better for my being to follow the crowd of the unaware,  but I’m not wired that way.   Silver is following along Gold’s rally with its trade at $20.09,  10 cents higher with the high to beat at $20.185 so far.   Open Interest fell a bit yesterday as we think more of the shorts got out.   I just can’t help myself here in thinking that the only commodity out there that hasn’t broken thru its very old life of contract high isn’t going to break thru one day and surprise everyone.   Bitcoin is leading the charge once again with its trade at $587.90,  up $6.30 inside its 24 hour trading range of $595 and $578 as word hits the street that Argentina is adding vending machines to help its people get out of the current fiat system controlled by the US Dollar.   Ripple Coin is gaining as well with its trade currently at $0.00546.   Are people catching on??   Hmmm.   Grains are all trading negative,  the Softs are mostly higher with Cocoa the only neg and the Live Stock Sector is weaker across the board.   The Twisted Sisters of Paper are so confused because the natural thoughts regarding the effects of what is called “Trade Sanctions” is hitting all sectors of the stock market at the same time the Working Group’s purpose is to keep the Papers higher.   One day the Working Group will be shut down and when that happens,  watch out above!   That’s when we think the Precious Metals and Crypto’s will stand out above the rest of the investment arena.   India has put out an credit card competitor which goes against the American masters of debt called Visa and Master Card.   The new debt system is called RuPay,  and in time,  we think this will become part of the BIRC System.   On a separate note,  the Ebola crisis is at stage 1 alert level based on what the CDC is claiming during the Congressional hearings,  so isolating one’s self from others may be something to consider at the individual level in the future.   This too,  can cause a lot of chaos in the markets.   We don’t want to see a panic,  we want is to be the Boy Scout (always be prepared).   As we close out our Friday missive,  we see the London traders attempting to push down Silver and Gold prices before the Comex open,  however,  we remain steadfast in our opinion that this debt system will go the way of all fiats and that the Precious Metals and Crypto’s will be the purchasing power saviors of this century.   So have a great weekend,  keep your Precious Metals and Crypto’s close,  and as always  …  Stay Strong!!

JB Slear
866-443-0868 Ext 104
817-717-5489
Fax: 817-764-2537
www.FortWealth.com

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