Metals flat as London rallies the Dollar

The US Dollar rallied again during yesterday’s run after the “Housing Starts and Permits” along with the very laughable “Real Earnings Report” came out in what can only be called Bi-Polar reporting compared to the previous reports and the US fiat is continuing upward and is now at 82.155,  up 21.8 points with no news supporting today’s rally,  yet.   Treasuries are the same,  supported,  even though there is no news or technicals to uphold the sector with the exception of the “buyer of last resort” still doing its thing because there’s nothing else to do but wait out this one buyer till the system implodes or the sellers overrun the money makers.   The Energy Sector remains controlled as well with the Crude Oil contracts being rolled over with Oct being the next futures to be quoted with its trade at $93.13 as September’s contract is quoted at $95.93.  We consider this price spread to be a huge disparity between the 2 contracts as the rest of the sector waits for something to rattle the market.   Wars and threats of wars don’t seem to be working anymore and we’re uncertain what will make this Sector move.  Gold, which has been hammered in an attempt to falsify the barometer of the economic system,  is fighting for control with its trade at $1,296.70,  unchanged inside the London market as Open Interest dropped a bit more yesterday. There is an exchange soon to be open in Singapore and this will be a physical exchange in which the buyers can come in with 100% cash and can take their Gold away immediately.   Years ago,  Hong Kong attempted to do this but the Morgue and Co. found a way in and were starting to muck things up so HK shut it down.   With the physical exchange being opened,  it should make more people aware of the problems we have with the western banks and their control mechanisms.   Our governing bodies are more interested in accumulating fines and not arresting the criminals from the banking system. We think one of the reasons for this is because their revenue stream has taken one hell of a beating since most traders have left the markets and the only ones left milking the system are still the Algo’s and Black Boxes,  and they’re starting to eat each other up as the system gets closer and closer to a Black Swan Event not configured inside the mathematical programs.    Silver is trading higher this morning after the 8 to 8:30 beatings both Precious Metals have been receiving for months now with its trade at $19.520 (December).  The Open Interest is rolling out of September and into December as we wait for more data on the Sept deliveries.   OI fell a little in trade yesterday but not enough to scare out any of the deep pocketed holders.   Bitcoin,  just like the Precious Metals,  was turned lower after the joke reports came out of DC (Definitely Controlled),  with its current price at $478.90,  down $10.30 from yesterday’s close and inside a 24 hour trading range of $494 and $442.   It appears the selling of the Silk Road plunder is still going on,  but we’ll remain vigil in our watch.  Ripple Coin is trading higher this morning and is now at $0.005161 as the buyers continue to accumulate.   Grains are flat with minor variations,  Softs are mostly higher with Sugar the only exception,  and the Live Stock Sector is showing some strong price drops since China and Russia have halted their Pork purchase from the US.   The Twisted Sisters of Paper seem to be waiting with the S&P flat,  NASDAQ down,  and the Dow trading higher.   Things are so skewed it’s hard to see what the day to day rattles will do,  but one thing we’re certain of,  this debt ridden economic system,  run by tyrants who are cornered,  are on the losing end of everything.   Holding physical Silver and Gold,  along with some Crypto-Currencies,  is the only way to protect one’s purchasing power.   We will continue to hold these views till the dollar does the inevitable.   Until then,  keep those 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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