The bankers trough just got smaller as Silver and Gold trade higher

The US Dollar is trading at 88.435,  up 13.8 points after one heck of a day’s activity that saw the US 30 Year Bond reach and exceed the life of contract that occurred on Oct 15^th and the removal of Russia from the FX system because of their attempt to bring in foreign buyers by raising their interest rates to 17%.   Shutting down Russia Ruble exchange abilities with the G7 is the final nail in the coffin (imo) for the US Dollar.   Russia knew what was going on behind those closed doors,  that’s why they pushed forward their BRICS SWIFT system up to last Monday’s date.   Now the G7 have a real problem because Russia is doing what Paul Volcker did in the late 70’s,  raise interest rates so foreign buyers would come in to profit off the debt rates, which brings in foreign money to expand all businesses within the nation.   Let’s see here,  Europe,  Japan,  and the USA,  are offering 1/10^th of 1% for holding their uncollectable debt,  Russia is offering 17% …. Duh!!!   And they’ve been buying Gold at super suppressed prices for years too.   These think tanks that think this stuff up, have become stink tanks!

The Energy Sector continues to be the punishing point for the world’s businesses as the manipulators continue their attempt to control everything with weaker energy prices with Crude Oil now at $54.91,  down $1.02 with the low only 75 cents away as the rest of the sector drowns in overproduction.   The Webber’s of deceit no longer fear exposure,  but will once the frackers,  banks not with the “In” crowd,  and other companies that rely on higher priced energy fail,  these deciders may become targets of retaliation.

Gold,  which had the most violent of days yesterday is trading higher with the trade now at $1,199.00,  up $4.70 after breaking up to $1,203.10 again.   The Overall Open Interest is 378,060,  a gain of some 2,778 contracts as it is very apparent that the banks are doing their best to keep things under control for as long as possible.   The new limit rules go into place next Monday,  the first full day of Winter,  with today’s little ceremony called the FOMC report coming out.   Open Interest in December’s OI fell 30 contracts to 771 waiting for their delivery receipts.   So far the Gold deliveries total 2,641 contracts served with inventory levels showing some stress because less product has been delivered into the Comex system than what is going out.   Silver is trading higher as well with its current price at $15.91,  up 15.8 cents with a high so far at $15.965.   Silver’s Overall Open Interest is at 148,549 gaining 404 points during yesterday’s bipolar swings in price.   December’s OI is now at 180 contracts,  a drop of only 15 as these buyers are forced to wait for their receipts.   To date,  some 2,861 contracts of Silver have been delivered upon as well with the same problem as Gold showing up,  less product coming into the system.   I can’t help but think the new limits being put into place is the warning sign of a lifetime,  but I also think these limits will be used at a later date then during the holidays.

Bitcoin continues to see pressure,  we suspect a bank or two as they have the ability to buy heavy amounts then sell at a loss in order to keep the fiat façade in place with Bitcoins price now at $320.30,  down $15.10 from yesterday’s quote and inside a 24 hour trading range of $340.30 and $319.60.   Ironically the low is during the London trading sessions,  just like all other currencies.   If this hunch is right,  we should start to see the Crypto rally starting next Monday which will only add to the thesis,  not confirm it (yet).   Ripple Coin is still doing amazing things as it continues to climb in price,  volume,  and market cap.   Currently the trade is at $0.0247,  up another 435 points as the volume has increased exponentially from yesterday.   The previous days volume was at $4,032,850,  today’s 24 hour volume is at $7,919,030 so far.   Someone is jumping in heavy,  could it be a sovereign?   Regardless,  the Crypto is posting a 22.04% gain on the day so far. http://coinmarketcap.com/

Grains are all elevated,  Softs are flat to mixed,  and the Live Stock Sector continued its decline as of the close of trade yesterday.   The Twisted Sisters are elevated as of the early morning trade as the make-up artists (the Working Group) are painting over the black eyes the three got in yesterday’s trade as it was quite obvious everything had to be controlled going into today’s FOMC report.   The violent bipolar activity (in Precious Metals,  Currencies,  and the Papers) points to difficulties in the near future.   Holiday sales suck,  low employment numbers are everywhere,  and the political system has done its best to serve those that pay it and ignore the masses as we see peaceful riots against the police state and anger at the politico’s for sacrificing retirement accounts of every American by decree,  and all during Christmas.   Can a bleaker picture be painted here?

We still stand in defiance against a system that is on the verge of correcting (sic),  strongly suggesting that everyone have in their possession all their retirement monies in Silver,  Gold,  and some Crypto exposure and completely out of the current system,  as we watch the titans of stupidity,  step in front of each other as the pigs trough becomes emptier by the moment.    As always,  truth in our convictions,  will Keep Us Strong!!

          866-443-0868 Ext 0

Fax: 817-764-2537

www.FortWealth.com  

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

There is significant risk involved in trading futures and/or options on futures.  Futures and/or options of futures trading may not be suitable for all investors.  Investors should consider these risks and evaluate their suitability based on their financial conditions. Past performance is not indicative of future results.