It’s a holiday and the money markets are trading

The US Dollar is trading at 82.740,  down 3.8 points after hitting a low of 82.695.   Treasuries,  which have been elevated for months now is showing slight weakness,  but can’t be trusted to follow the norm.   If one is to look at the fast and slow Stochastics,   you will see that this elevation has been going on since June.   The fall in debt will be huge once the Algo and Black Box control mechanism is let go.   The Energy Sector remains unresponsive to any news out of the Middle East with Crude Oil’s trade at $95.70,  down 26 cents with the rest of the sector as just comatose as Crude is.   Rumors are surfacing around Ukraine and the failure of the Kiev governments troops to hold onto any town or providence since the downing of MH17 and now there’s talk of Blackrock Mercenaries being captured alongside of the Kiev governments troops.   Simply rumored for now,  but if true,  it would be another political failure constructed by the banking system of the west to create the war it needs to hide behind.   Yes money and politics are the same co-conspirators used in every war and this attempt is no different.  Gold is stable and trading higher with the price currently at $1,289.50 after hitting $1,290.90 during the London Trading session.   Gold’s Open Interest remains low and is the exact opposite of Silver’s,  which was trading higher but is now in the usual check mode with the current trade at $19.485,  down 2/10ths of a penny after reaching a high of $19.565.   The Open Interest in Sept Silver is at 2,579, just under 13,000,000 ounces being asked for in the physical.   There were 735 contracts settled out on Friday and the Shanghai Exchange only has 3.3 million ounces left in its inventory.   If the inventory levels drops anymore,   the pressure will be on the exchanges to meet the demand,  which in a normal world,  should drive prices sharply higher.   Remember,  I said in a normal world because it’s quite apparent that Supply and Demand issues have not mattered one iota since 2011.   Bitcoin has been taken to the woodshed over the weekend with its current price at $484.30,  down $20.70 from Friday’s trade and inside a 3 day trading range between $515 and $472.50.   Ripple Coin is steady and still trading in the ½ Penny range with its trade at $0.004998 as we consider adding more to our own wallet.  Grains are closed for the Labor Day Holiday and the Softs are mixed to flat.   The Live Stock Sector is closed and will open up with the Grains in the Monday Night session.   The Paper Markets continue under the control of the Working Group and are trading slightly lower on this abbreviated day.   We’ve been looking for news out of London and the FUKUS Group since NATO seems to have lost a resident or two but nothing has been posted as of the early morning.   Look for words of war,  because there seems to be a rush to create one at the same time the Putin Dance Hall antics seem to be frustrating those that can’t dance the Peace Dance.  Fort Wealth added more options to their clients’ accounts during the Sunday and Monday Holiday Session while most of the commodity trading firms remain closed.   We hope our dedication to our clients is proof enough that we are here for the individual and not the Algo’s.   We invite you to consider coming onboard as we close out the Early Monday morning missive. 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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