Precious Metals flat on FOMC day after yesterday’s hiccup

Something happened during yesterday’s US market session.   As of yet,  we know not what caused the drop in the US Dollar as it fell to 84.005 before it was quickly bought back up and is now trading at 84.230,  the same price the Dollar was closed at in yesterday’s trade.   Treasuries are still being supported and were not affected by the undeclared event on Tues.   The Energy Sector reversed hard yesterday with Crude Oil now at $94.85,  down 4 cents from the close after doing a complete reversal with almost a $3 rally from a low of $92.46 to the high of $95.19 before the Algo’s got control of the situation with the rest of the group following close behind.   Gold also popped in its price but was more quickly subdued with its trade at $1,238.30,  up $1.60 after yesterday’s $11 rally which peaked to $1,243.20 before being settled down.   Open Interest gains in Gold adds a little to the mystery as 4,682 new contracts were added to the Comex numbers now totaling 385,529 contracts held overnight.   Silver did a minor pop as we witnessed this rally go from low $18.67 to $18.885 within a 30 minute time span before it too,  was settled down in typical cartel fashion.   Open Interest in Silver gained 431 contracts and the total now stands at 171,136 contracts as it seems an entity is adding more positions at the same time Silver is gaining momentum at these low prices.   The Silver pricing is now at least $7 below production levels as the Algo’s have obviously taken control of the entire situation.   We know not what the event was that caused these unsettling movements,  but we know that The Dollar,  Silver,  Gold,  and the Petro markets,  were affected all at once.   So our focus will be on the Dollar because of its current tie to what John Perkins (author of “Confessions of an Economic Hit Man”) calls the Petro Dollar and the fix between the two.   Precious Metals of course are the Anti-Petro and Anti-Fiat physical fix,  and we feel they are all intricately tied together.   Bitcoin,  is still being attacked with its current price at $458,  $11.20 lower than yesterday’s quote and inside a 24 hour trading range between $473.30 and $456 with most of the beatings happening in the past few hours,  and Yes!   during the London trading session.  This makes us wonder if the Crypto was sold to the London traders and are being sold again?   Ripple,  however is gaining strength and popularity after another gateway was added to the Crypto system in Brazil with its trade at $0.005599,  up about 20% in a few days.   For those of you sitting and watching,  we wish to remind you that Bitcoin was at these super low prices and it is now trading in the high $400 dollar range after spiking to $1,233.00.   It was the biggest money maker of all of 2013.   We’re not sure why Martin Armstrong is ignoring Bitcoin and the other Crypto’s at the same time he is saying that we’re about to enter into a cashless system.   But here are,  working the Crypto’s while they are still ignored.   No one wants the present fiat system anymore.   It’s a complete failure for the masses and the lack of trust from the nations not involved with FUKUS (France, United Kingdom, US) is proving the point.   The BRICS have gained momentum since the attacks in the Ukraine,  Syria,  Iraq,  oh heck … the entire Middle East! .. We’re witnessing “Blow Back” to an extreme,  and our leaders will never admit they are the reason for all the failures so far.   I get sick when the failing media services bring up insane people like John McCain and the various other warmongers,  who’s only answer to everything is arm and kill those bastards in other lands.   These people are without any common sense but they are paraded out there with pre-given sound bites from the military industrial complex.   People are getting sick of it!   Grains are flat to mixed,  Softs are all trading in the positive,  and the Live Stock Sector is trading higher in very strong fashion.   We have the FOMC data coming out today which is keeping the Twisted Sisters of Paper steady,  and tomorrow is the Triple Witch.   This is when the options on all Paper markets,   as well as the underlying positions in the S&P,  Dow Jones,  and NASDAQ,  roll out of the September contracts as we start quoting the December’s as the contracts to trade.  Tomorrow is the Scottish Independence vote,  and that could be the reason for yesterday’s movements,  however,  we’re not certain at this time.  We also noticed that PM David Cameron was on the Tele trying to persuade the Scots they are family.   But the Scots only see oppression of a dying antiquated monarchy.    We remind our readers that we are in a the period of trade when Silver and Gold get whacked the most,  but with yesterday’s little hiccup,  we could be in for a surprise event or announcement,  so hold onto your butts … this could be fun! (for holders of Silver, Gold, and Cryptos).   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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