Bitcoin points the way for Silver and Gold

The US Dollar turned lower after making its climb to 84.525 in yesterday’s trade and is now at 84.175,  down 10.1 points from the close with only 2 days left before the start of Triple Witch Week.   Treasuries turned lower as well yesterday and is continuing its decline in the early morning with no news being disseminated that would have caused a turn in the overbought currency and debt instruments.   The Energy Sector still won’t budge one way or the other as the Algo’s continue to not represent any fundamental reasoning with Crude Oil still at $92.86,  up 11 cents from the close with the rest of the sector running flat.  Gold,  which was trading in the positive,  was brought down into negative territory yesterday to a low of $1,248 before the turning and is now trading at $1,254.20 after reaching a high of $1,258.50 during the night session.   Silver turned higher as well after the Comex low in yesterday’s trade of $18.89 and is now at $19.055,  up 13.5 cents from the close with a high in the London session at $19.125 as 4 more contracts got added to the delivery process for September.   Bitcoin,  our leading indicator for the Precious Metals direction,  remained steadfast and positive yesterday, which kept us believing that the dip in Silver and Gold was going to rebound, and it did!   Bitcoin is trading higher with its current price at $480.60,  up $14.90 after word came out that PayPal is now accepting the Crypto-Currency for all transactions. (http://www.zerohedge.com/news/2014-09-09/ebays-paypal-starts-accepting-bitcoin-apple-pay-unveiled).   We’ve mentioned in the past that the Crypto-Currencies are gaining acceptance because of the way bankers have been acting lately.   Especially now that all accounts,  whether they are savings or checking,  IRA,  any type of retirement account,  are no longer protected.   Depositors are considered “unsecured creditors” which basically means the banks can take what they want when they want,  under the guise of protecting itself.   So far,  every action the banks have taken,  either at the international level such as the “SWIFT” system,  down to the basic banking levels of society,  has created complete distrust.   This is encouraging the entry of the Cryptos because the banks or the Federal Reserve,  can’t touch them.   Ripple Coin,  our latest suggestion,  is trading a little higher at 0.00468.   One of the other things we really like about these Cryptos is they cannot be placed on the current exchanges because they cannot be leveraged.   This keeps the control mechanism of the entire central banking system out of play because they can’t use a margin to control the moves. Yes it’s been tried and each one has failed to date.   The central banks can keep printing money to stay in power,  which in turn weakens the printed currencies value,  which only creates inflation and weakens everyone’s retirement monies.   When these banks make a mistake as far as trading,  they can print more or simply charge the loss to the depositors.   With the Crypto’s,  there is no making more (no Alt C and print),  that’s the main entitlement besides being out of the SWIFT system.   All that is needed now is a sovereign nation to accept Cryptos and the world will change overnight.   Let us not forget that California is accepting ALL Crypto’s for business and tax transactions as well as many companies who have owners with foresight.   Grains are trading lower across the board,  Softs are mostly lower with Cotton the only exception,  and the Live Stock Sector keeps moving higher.   It’s a good time to be a rancher that’s for sure.   The Twisted Sisters of the paper exchange seemed to be creating rounding tops which,  in the days that chart patterns worked,  points to negative movements in the immediate future.   But charts no longer matter in the rigged casinos of the USA.   Something happened in yesterday’s trade that caused both Fiats and Precious Metals to change direction,  but the story isn’t out for public consumption (yet).   Tomorrow is Sept 11^th.  “A day that will live in infamy”  and we wish to remind the reader that some(one/body) days before the controlled demolition of the twin towers bought “PUT” options on the airlines that went into the towers.   This is still considered a national security secret,  which to me,  spells out the buyers of those “PUTS” are the traitors of our nation and they hold the money machine at present.   My wish is that tomorrow goes by as they have seen over the past 12 years. Still to date, there is nothing safer to invest in than Precious Metals and Crypto’s, and to have them in hand. 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

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