Scottish Independence and today’s surprise SGE opening are today’s focus

US Dollar was the currency that benefited the most after the FOMC data was pushed out causing a violent moves in both directions yesterday before the rally took over.   We haven’t seen that kind of movement in a long time.   Yesterday’s movements caused an 80 point swing in the Dollar with its trade now at 84.68,  up 19.4 points from the close but still inside yesterday’s trading range.   All other currencies suffered heavy losses with the Japan Yen losing the most.   Treasuries lost more ground after the announcement and with today’s rollover out of the September contracts into the December it seems everything has stabilized.   The Energy Sector still remains unmovable regardless of the too and fro actions of ISIS and the bipolar talk of the present administration at the same time Britain’s very possible loss of it BP oil field in Scotland,  as the Scots declare Freedom once again from the Queen with Crude Oil at $94.29,  down 13 cents with the rest of the sector unmoving as well.   We feel the Energy Sector should be rallying because of all the events surrounding energy because of the events described and find it very typical of late because the Algo’s still control the system regardless of the exchanges claim that they’ve added more anti control laws.   Gold was hammered as usual the moment the FOMC report hit with the trade at $1,224.50,  down $11.40 from the Comex close which closed about 25 minutes before the Fed data was released.   The low so far today is at $1,216.60.  We’ve mentioned over the years that Thursday,  during the Triple Witch Week,  has the best odds of being the low with Friday coming in as second place.   Open Interest gained a bit in yesterday’s trade with the OI now at 386,080.   Silver was taken to the woodshed as well with its trade now at $18.53,  down 20.4 cents from the Comex close with a low just 2 cents below yesterday’s low of $18.49.   Silver’s Open Interest gained 124 more positions and is now at 171,260.   It seems the more these Algo’s try and nail the prices lower with the obvious attempt of removing these stubborn longs,  the more buyers come in,  this group has deep pockets and the Fed’s Algo system can’t seem to find the price that causes these longs to cry uncle and leave their positions behind.   During yesterday’s Fed watch,  Shanghai announced it was going to open up its physical trading bourse 10 days earlier with today being the first trading day.   http://english.eastday.com/e/140918/u1a8348353.html   China is tired of not having its say in prices when it IS the largest buyer and holder of all physical precious metals.   We expect SGE’s prices to show the real value of our beaten over papered sector and eventually we’ll see arbitrage trading show up again as the difficulties of finding the real product forces the paper products to succumb to the awareness.   Let’s face it,  this Paper,  Rock,  Scissors game,  should expose what GATA and the other members of truth have been seeing for years,  the US exchanges are not a price discovery system anymore,  it IS the price fixing system put in place by the banks so they can control everything.   Bitcoin is still leading the Anti-Fiat trades lower with its trade now at $447,  down $11 from yesterday’s quote and inside a 24 hour trading range between $473.70 and $443.60.   Ripple Coin is steady after doing some strong and positive gyrations yesterday because of the Brazilian trading hub opening up with its trade still holding more value today at $0.005663.   Grains are mostly flat to negative,  Softs are lower as well,  and the Live Stock Sector is posting negative numbers across the board as the street price of basic ground beef hits $4 a pound for the first time ever.   But don’t worry says the Feral Reserve,  inflation is only at 2%.   The bullshit seems to never stop as we enter into the Triple Witch Week Paper switch from September to the December contracts.   At present,  the Twisted Sisters (S&P, Dow, NASDAQ) continue to benefit from the Fed’s actions while nobody is in the stock market anymore with the exception of the banks and their Algo’s which Martin Armstrong seems to enjoy.   If no one is trading in the stocks but the Algo’s and Black Boxes,  is the price real?   It’s kind of like the old saying,  if a tree falls in the forest?   Today is a high priority day with Scotland’s move for independence,  and from what we’ve gathered from the Scottish news services and not the BBC,  the Yes vote is ahead by a comfortable amount.   This should cause great worry for the British as their currency should weaken because of the loss of tax revenue and the threatened takeover of BP trillion pound oil reserves that is right off the coast of Scotland.   This oil deposit is Scotland’s but they’ve not been allowed any of the fruits of their natural resources because the British view that it’s theirs.   We are in an awakening period here as nations wake up to realize their natural resources are theirs and are demanding personal say and benefits from them.   The events in Iraq,  Syria,  Ukraine,  or every place we say we’re there to support,  is about confiscating resources.   The world is waking up to this fact and Shanghai’s Precious Metals Bourse and the Scottish declaration of independence are fine examples if this recognition.   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….
There is significant risk involved in trading futures and/or options on futures. Futures and/or options of futures trading may not be suitable for all investors. Investors should consider these risks and evaluate their suitability based on their financial conditions. Past performance is not indicative of future results.