“Skynet” seem to be losing its Precious Metals grip

The US Dollar still stands above the Euro-Currency in the battle to find which one is the worst.   The Euro has no constitution backing it and the Dollar simply gets printed like crazy because of a government, with policies that have done nothing but punish savers, cannot support itself because of its own bloat with the Dollar trading at 82.260,  up 5.2 points again during the London trading session.   Treasuries have become a worthless trade cluster as the shorts simply wait for the support mechanism to crack under the weight of irresponsibility accumulated over the past decade as the only supporters gather in Jackson Hole to spew more of their nonsense to those mostly benefitting from the free money that’s given to control the markets that few are trading anymore.   The massive amounts of fraud that have been ignored by all governing bodies has made our trading system the most untrusted exchange in the history of fiat.   Every single trader knows this but here we sit,  in the Feds shithouse.   The Energy Sector,  kept down to punish our friends who seem to be floating towards a new monetary system outside the US Dollar,  is still trading lower with Crude Oil at $93.61, down 35 cents with no rally’s posting regardless of Israel’s,  ISIS,  Syrian rebels,  or Egypt’s,  chaos.   Nothing matters to Algo’s and Black Boxes,  they own us as the movie “Terminator’s” SkyNet has taken over the markets and nooo-body gets it!   Gold is higher this morning with the trade at $1,281.70,  up $6.30 as we close out another week of control from a group that is fighting the natural trend towards its own destruction after the walking dead knocked the price $20 lower in yesterday’s trade with its Open Interest falling a bit more.   Silver remains our focus with its refusal to follow Gold lower in yesterday’s trade and is now barely trading higher with the trade at $19.565,  up 7.8 cents as its Open interest is now registered at a new all-time high.   This is truly the battleground of reality because the buyers,  that have been steadfast for so long,  refuse to let go after months and months of attacks.   We’re eyeing the September delivery period and we can’t disagree with those writers that are somewhat ahead of things when it comes to the Open Interest in the Sept contract which still stands very high at 51,519.   We’ll get real excited next Friday night after all the specs are out of the trade and we see only those that claim to have product to sell to those that are demanding physicals.   Bitcoin is lower this morning after its hard climb yesterday and is now at $505.50,  down $14.60 which leaves us wondering if we’re going to see another hit in Precious Metals after today’s Comex open.   The 24 hour trading range in the leading Crypto is a $534.10 high and a $500 low,  with things slowing down as we wait and watch the events of the day.   Ripple Coin has been steady,  not based on percentages but price wise with the trade at $0.005094.   Grains are mostly higher with Soy Meal the only exception,  Softs are flat to mixed and the Live Stock Sector is positive.   The Twisted Sisters of Paper are trading lower but barely as they feel truly God like because the Working Group will not allow these trades to go lower.   The day will come when SkyNet loses out to the bi-peds that have accumulated physical products while the paper pushers control the numbers right into its own demise.   The nightmare between now and 2008 seems to be ending as we all simply wait for the next phuck-up to show up with the hopes it’s not another idiot cop swearing to kill another group protestors,  which in turn,  will start a civil war here as the trends moves forward.   Still to date,  there is no better position to be in than being short any and every US Treasury Instrument,  having physical Silver and Gold instead of a stock retirement account,  and to have some Crypto-Currencies in hand as we close out another week of frustration.   Still,  we stand with you and wish you a safe and wonderful weekend,  so 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  

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

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