Bitcoin points to lower Silver and Gold prices (for today)

US Dollar doesn’t move much these days since the second leg of its rally has reached a pinnacle.   The trade sits at 81.475 up 6/10ths of a point with no news expected to change it today.  It no longer matters what the government stats claim anymore because no one,  or country,  believes them to be truthful.   The Dollar will need to correct downward before the third leg climb begins,  that is if it can.   If it doesn’t climb,  the correction downwards could be severe.   Treasuries are weaker in the early morning with the exception of the Eurodollar.   This commodity product is US Dollars held in overseas banks and is used to help control interest rates in our country. This is (imo) the most likely flash point when the real Treasury dumping occurs.  The Eurodollar hasn’t budged at all,  at least not like the 10 Year Note of the 30 Year Bonds have the past 2 years.   The Energy Sector continues to fall as things in the Middle East spin out of the bankers control with Crude Oil at $96.32 taking the rest of the sector down with it.   Our Energy friends no longer seem to be cooperating as our policies are forcing them further and further away and our lack of oil consumption is proving we’re losing the battle on employment here as well.   Gold is lower but has recovered after breaking below $1,300 again with the trade at $1,303.00 down $3.20 after the most obvious of control mechanisms does its best to try and keep the “sleeples” (new word again, thank you cliff) to repeat the mantra: “Silver/Gold Bad, Dollar/Debt Good”.   Open Interest gained on Friday as the obvious shorts did their attempt to dig in again as the buyers see nothing but real value in the anti-Dollar movement done by the few against the many.   I guess the only ones that think this is working well are the control freaks at the Feral Reserve,  the ones none of us expect will be here much longer.   Silver is higher but barely with the trade at $19.58 as its OI gained as well.  We thank Good Ol’ Harvey Organ (http://harveyorgan.blogspot.com/) for posting an article that Investment Research Dynamics (http://investmentresearchdynamics.com) wrote up, this IRD is written by “Dave from Denver”, another strong GATA team member made on Friday regarding the attack on Silver and Gold just before the opening of Comex and during its initial start.  Fridays movement points to absolute desperation and even though this will not end well,  it means the end of the system our parents got used to and will mean a new beginning for everyone.   Bitcoin,  the new leading indicator for the Precious Metals,  continues to get beaten like an American pulled over by police with the trade at $478,  down $30.80,  pointing to another desperate attempt to force the new “out of every banker and government control” currency lower as the Fed’s see their end of control get closer and closer.   The Bitcoin populace is growing and they are now becoming more public with a YouTube video declaring its independence against control of a dying economic predator.     We consider this to be a must watch video (https://www.youtube.com/watch?v=XQqZ9b0S0BY),  that is if you like your purchasing power and savings to be there when the Fed is forced to take action against the dumping of US Treasuries and Dollars when the world has had enough of us,  and that’s could be any day now.   Please watch the video and feel the excitement for yourself!!   Ripple Coin is lower and way out of Feral Reserve view with the trade at $0.004998.   No news is out on this Crypto yet,  but like Bitcoin,  it didn’t matter to anyone till it rallied from a nickel to when it shot to Gold’s price at $1,233 a coin.   Grains and Softs are mixed to flat and the Live Stock Sector remains closed till the 9:10 Chicago open.   The Papers are their usual selves this early morning but this time,  the NASDAQ sister is leading the charge of insanity higher as we witness yet again a complete shutdown of a city because a man who was stealing,  gets multiple shots in the back as the city’s people rage against the police action and are asking why such harsh treatment is becoming the norm when no weapon was used?   Don’t get me wrong,  there are a lot of very good people inside both the government and the police forces,  but their voices have been stymied by the system.   Our country is on the verge of a continuing the Civil War that the South claimed would continue in time.   The Civil War was about States’ Rights and not slavery as we were taught by the government schools. Race division has worked so well over the years, at least it used to.   It seems our media services are trying to divide the populace based on race again because it was another White Cop – Black Man situation.   This is far bigger as the Police are killing more and more people “by mistake” than any other time.   This can blow wide open into a Government Vs. The People like the Bundy Ranch incident was.   The government is losing this propaganda war and during the breaks between the propaganda,  more and more people will be seeing the ties between the Dollar and the shorting of Gold to protect the Dollar.   Keeping precious metals and Crypto’s in your possession will help you the individual out,  instead of this system that has morphed into what it is today,  a dinosaur that has devoured all its food sources with nowhere else to go.   So keep those Crypto’s and Precious Metals close and as always  …  Stay Strong!!

                   JB Slear

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