Another day of the same ol thing, Precious Metals held lower 90 out of the last 95 Days

The US Dollar continues its rally with the trade at 83.950 up 19.3 points on no news.   Remember the days when the economic news from inside the country set the currency price?  Those days are long gone and truly missed.   Treasuries are back in rally mode again as London and the Euro-nation’s continue to buy up US debt in order to facilitate this economic maylay we’re all forced to live with.   The US is so broke that even the 3 media controlled news services have to admit that without the bond buys, our military would not be able to police the world like our NATO allies want.   “Buy our debt and we’ll send our children off to fight for your needed resources” seems to be making everyone sick.   “Why can’t we just play nice and survive together” is starting to creep into the minds of the many and we hope it sticks.   Then Energy Sector continues on doing nothing even after fearless leader claims that we will re-enter boots on the ground in Iraq this time to go after ISIS/IS, a group that our military armed and supported till they became the new flavor of the month with Crude Oil at $92.81,  down 48 cents with the rest of the Sector trading in the negative as well.   Gold,  which has opened up higher in the Asian market,  but over the last 94 days has been pushed lower in the London session some 90 times, is down again with its trade at $1,265.90,  down $1.40 proving the London fix is still “the fix” that won’t go away after Friday’s big gain in Open Interest posted a total of 377,111 contracts being held overnight.   The bigger problem the central bankers have is the jump in deliveries for the Sept Gold contract as 103 contracts were delivered and inside this number was a buyer coming in and adding 79 contracts for immediate delivery.   Silver is trading slightly higher at $19.20,  up 4.4 cents as Open Interest was pushed even higher with its total now at 165,237 a jump of 3,342 new buyers that have come in.   There is a real big issue here with these deep pocketed holders of Silver,  they simply refuse to exit their trades regardless of the shenanigans being played by the Algo’s.   We still hold the idea that Silver is the weak link to everything and bears watching.   Bitcoin is trading lower,  once again,  leading the decline in the Anti-Fiat group with its trade at $463,  down $25 inside a 3 day trading range between $489 and $457.60.   People are catching onto the Crypto-Currencies as a way out of the current system and for that we are grateful.   Ripple Coin remains steady with its trade at $0.004688.   We are reminded of an article written earlier this year regarding Ripple being backed by Gold (http://libertyblitzkrieg.com/2014/03/21/what-is-payment-protocol-ripple-and-how-does-it-allow-for-physically-backed-digital-gold-trading/),  well actually,  you can buy Silver and Gold thru Ripple,  having it stored in Singapore,  and eventually we see the Crypto being backed by precious metals at some time in its future,  this is one of the reasons we strongly suggest you put in some FRN’s into this newer idea.   Grains are flat to mostly lower,  Softs are flat to mixed and the Live Stock Sector opens at 9:10Am Chicago time.   The Twisted Sisters are lower in the early morning but we expect that to change after the US open,  because that’s the way its worked for too long.   We’re entering into the Triple Witch Week Watch which is next week.   During this one week period,  the Precious Metals can get hammered so we need to keep an eye on the Open Interest and the deliveries for any changes in the bankers strategies because this buying up of the physicals has to be stopped or good things could happen for us die hard believers of Anti-Fiat Money.   So keep the 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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