Monday morning trades with Silver and Gold trading higher

The US Dollar’s trade in the early morning is uneventful with the trade at 85.805,  up 3.8 points as we get ready to close out the fiscal year end of the USSA’s business.   Over the past quarter the Dollar has been driven higher by the central banking systems Algo’s pushing the prices from a low of 79.885 in the last days of June to 85.93,  today’s high.   Treasuries are the banks biggest nightmare as the weekly charts show to 30 years obvious attempt to climb while the 10 Year Notes shows sideway movements within a tight band and the Eurodollar,  the most liquid (paper debt) commodity on the planet in a Zombie state since 2010,  with no downward movement at all.   Remember the old tale in trading?   The market that doesn’t moved is going to make the biggest move.

The Energy Sector is trading flat to lower this morning with Crude Oil down 44 cents at $93.10 with Heating Oil following suite as the Gases trade higher.   A meeting took place in Germany over the weekend with Russia and Ukraine regarding what we think is Energy but so far,  no news has been brought out telling us what the outcome was.   This could have a major effect on everything if the Ukrainians cave in to Germany’s demands.   After all the only country that got hurt by the “Phuck Europe” attitude stated by a US bozo was Germany with its Mercedes,  BMW,  Porsche, and VW sales,  collapsing with a future of no energy during what is supposed to be one of the roughest winters in decades.  Look out for the news on this as it also will spell a collapse of NATO’s old school approach.

Gold is trading at $1,221,  up $5.60 after reaching a high of $1,221.80 a few minutes ago.   Open Interest gained on Friday as the noble metals selling pressures persisted with a gain of 2,807 contracts.   Silver,  which stayed positive the entire day on Friday remains elevated and is trading at $17.57,  up 3.3 cents after reaching up to $17.635 before losing some ground.   Open Interest dropped slightly by 379 contracts to 167,968 on Fridays move as we closed out the September delivery period with 95,000 ounces leaving the COMEX vaults on the last trading day.   Bitcoin,  our leading indicator for all things anti-Fiat,  has been hammered over the weekend with its trade now at $377,  down $21 from Friday’s quote inside a 3 day trading range between $409.50 and $365.20.   We have to wonder if our indicator is separating itself from the precious metals direction,  time will tell.   Ripple Coin is trading at $0.004694,  down slightly from Friday’s quote with no real news showing up over the uneventful weekend.

Grains are mixed to flat and the Softs are all trading in the positive with the Live Stock Sector remaining closed till the Chicago Opening at 9:10 CST.   The Twisted Sisters of Paper are not acting like they’re supposed to this morning,  at least at this early hour with all three trading lower as we now see a new high in Gold as the Dollar has turned negative.   Maybe it’s a late start for the painted pigs of profit so we wait for the US open to see what is going to be said.   We find it very curios that the Federal Reserve is opening an office in Chicago,  the Commodities hub of the nation,  and wonder what this will mean for the future.   There is no normal anymore but it does beg the question,  why are they transferring some responsibilities inland? http://www.chicagofed.org/webpages/people/jobs/new_york_fed_markets_jobs_chicago.cfm  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

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