Sunday night CMEGroup Glitch delays all trades except the Dollar

Last night was a bore with the only market allowed to open for the first 3 hours being the US Dollar as its trade shot up to 82.690 and is now trading at 82.530,  up 15.3 points as the rest of the exchanges were closed or not allowed to trade because of a glitch in the system.   No other Currencies or Treasuries traded the first 3 hours of the Sunday night trades.   Once things got corrected,  the markets went into their usual control mode as all Treasuries showed support after Friday’s Jackson Hole feral meeting.   Ironically,  the meeting didn’t even make the front page in Jackson Hole newspaper as Chairman Yellen said nothing unusual with the talking points being positive for the dollar as the Euro-Heads spoke down their side of things.   This morning,  French PM Manuel Valls,  turned in his resignation as the French seem to be waking up to the fact that their sovereignty is at stake as the Euro-Union seems to be losing its support from the majors inside its own system.   Remember,  Germany wants its Gold back from the USA and is very concerned about the energy problems coming this winter and France is pissed about that $10 Billion theft the US pulled on them for doing business with Iran against the USA’s interest.   The Energy Sector remains stagnant as well with Crude Oil up 15 cents at $93.80 with the rest simply following regardless of ISIS and the rest of the supposed bullish news for energy events going on in the Middle East.   Gold,  of course has not started the evening sessions in a positive mode for almost 2 months now with its trade at $1,278.60,  down $1.60 as we watched Open Interest fall another 1,200 contracts at the same time the Margins have been reduced again.   Maybe the anti-real-currency traders are running out of dough to throw at the system at the same time we get closer to the opening of the real precious metals exchange in Shanghai in Sept.   Silver is flat with its trade at $19.45,  down 9/10ths of a penny as the Open Interest continues to gain.   This tells us again that the future pop,  that will be heard around the currency world,  will be the Silver market as we see another week pass with a large amount of traders remaining in their Sept contracts.   They have till the end of this week to get out of the trade or stand for delivery.  Bitcoin is trading slightly lower than Friday’s quote with it trade at $504,  down $1.50 inside a 3 day trading range between $528 and $487,  telling us today will be another day of watching the paint dry.   Ripple Coin,  which is still way under the radar,  is trading lower as well as it sits at $0.00490,  giving those that wish to try a Crypto-Currency like Bitcoin a chance to get themselves into place.   All Grains are trading flat to mixed,  Softs are almost the same with Coffee showing the most movement (lower) and the Live Stock Sector will open at 9:10 Chicago time.   The Paper Markets are still the darlings of everyone speaking at the Hole as they once again have that Stepford Wives look painted on,  hiding the fiasco called the real economy which is choking from the infestations of Algo trading as they push up the fakes and squash the price of the “reals” (all commodities) in a Wiemar type fashion as we start the last week of this month’s trading and await the real numbers demanding physical Silver.   Nothing has changed and neither will our recommendations of getting out of the system and buying the Precious Metals physicals and some Crypto’s till things go normal (don’t ask when please).   So keep them 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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