Skylab’s Algo’s have their hands full, better have Silver, Gold, and Cryptos

What a rally the Dollar had yesterday as the trade sits right now at 88.905 right now, up another 20.2 points after yesterday’s 72 point rally after the markets became aware of all the retail stores closing with the Black Friday sales dropping off 11% from last year as well as internet sales slowing to a crawl. This is what Algo’s do, they trade against reality as we receive another member of the Anti-Skynet crewmember to our league, Stephen Hawking, who also sees the destruction of mankind (a bit stronger then what I think would happen) as the Algo’s take over everything. http://www.bbc.com/news/technology-30290540 The 30 Year Bond and the 10 Year Note took a hit the past few days with a total of 1 ½ point drop in value pushing interest rates up slightly as the uncollectables remain elevated as we agree that these instruments are in Algo lockdown at the highest levels. Still to date, the biggest move since 1982 happened and is blaringly obvious on the charts that some sort of event occurred and has yet to be explained back on Oct 15th. We still believe this event, however described, is the starting point of change.

The Energy Sector is still chugging along at the bottom of its multi-year lows with Crude Oil at $67.28, up 40 cents with the rest of the sector looking equally as skittish after all the longs and hedgers protecting the long side got trashed. We haven’t heard much from the Shale groups with the exception of fear of the loss of jobs and revenue stream as the general public is still unaware of what this will do to the economy 6 months down the road. The cascading collapse of high yield bonds (read as high risk) written up to support this new energy stream will take money out of an already drained system helping to weaken what’s left of the economies pulse rate.

Gold, as mentioned here many times over the years, is never allowed to have a two day rally even after some hair raising price swings from the previous day as we see today’s trade move slightly higher in the early morning at $1,200.80, up $1.50 after it reached a high of $1,208.00. Open Interest is still falling a bit with the overall OI at 370,256 contracts held overnight, a drop of 2,265 contracts. December, the delivery month, is at 2,250 contracts (225,000 ounces standing for physical). So far this month 1,841 contracts have been delivered. Silver is being hit as we type and is now trading at $16.35, down 10.6 cents after reaching a high of $16.575. Open Interest keeps dropping at these lows with the overall OI at 146,045, a loss of 5,875 contracts. December’s OI is at 736 as 16 contracts where delivered yesterday. To date a total of 2,305 contracts were delivered equaling 11,525,000 ounces leaving COMEX.

Bitcoin is trading a bit lower this morning with the trade at $375.20, down $5.10 from yesterday’s quote inside a 24 hour trading range between a high of $382.90 and a low of $373.00. More and more people are catching onto the Cryptos as they slowly see the evidence of the collapse of fiat as we welcome another investor type into the Crypto folds. http://online.wsj.com/articles/how-mt-gox-debacle-won-over-a-bitcoin-convert-1417471759. Mt Gox was a failed exchange for Bitcoin, and still the Crypto is being accepted in many nations as a viable currency held outside the central banks controls that is becoming more and more untrustworthy each day. Ripple Coin is trading a bit higher this morning with its trade at $0.01322, up 67 points from yesterday, holding its gained value as today’s volume inflow show another $1.5 million going into the Crypto. Admittedly this is a drop over the past two weeks where we’ve witnessed $4 million jumping in on a daily basis.

Grains are weaker across the board, Softs are mixed to flat, and the Live Stock Sector has been channeling. Still nothing to fear because the Twisted Sisters of the Paper Realm continue to chug along to a different reality than the nation’s investment population’s supposed to represent as we see a flat line of unchanged at present. Wait, I hear something, “Clear!!” And now the defibrillators are kicking in as the Skynet crew resuscitate the dead once again as the Working Group respond to keep the system going another day.

The frustrations within the market and the way it opposes reality will be written about in the years to come. One thing for sure is, the present system cannot be trusted to protect the individual. You should read up on what the G20 agreed upon just before they skedaddled from Brisbane. That is why we’re here to explain to those that want to know how to get out while the market is still chugging along. There are far too many sheeple who have been told over the years, who have seen the overwhelming evidence of crime at the highest levels in banking, yet refuse to listen. There is nothing we can do for them except wish them the best, as they continue to chide those that hold Silver, Gold, and the Crypto’s, instead of 3rd party holdings. Those that have understood what happened since the 2008 collapse are few. But those events took out more people’s life savings than any other event so far this century. Still the sheeple follow the shiny lights of Wall Street’s hypnotic spell of profits as the Algo’s are barely able to keep up.

Still we stand with the strongest suggestion of holding physical Silver and Gold, along with a few Frn’s in the Crypto’s. Keep them close to you and as always … Stay Strong!!

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

Don’t risk what you cannot afford to lose….
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