The end of the US fiscal year pushes Silver and Gold lower

The US Dollar’s trade is now at 86.295,  up 57.9 points and done within an hour time just before the US markets open.   The destruction of the US economic system will be done by the hands of Britain’s central bankers as they continue to jam up the value of the Dollar which in turn kills what’s is left of the manufacturing base that has patriotically stayed in place.   Treasuries are lower but inside yesterday’s trading ranges,  usually this type of movement would spell a directional change,  not to worry though,  because no one expects us to pay back anything.   This is beyond ridiculous and there is a reason for it all,  debt slavery.

The Energy Sector continues to ignore the Middle East’s maylays and bombings with Crude Oil holding onto yesterday’s slight climb with its current price at $94.49,  down 8 cents with Heating Oil and Gas trading slightly higher.   It matters not that the fracking story is nothing short of a hoax,  it matters about price control and who controls the markets.   When the fracking system fails,  the price of Crude should follow its natural path higher,  but for now,  with the climb of the Dollar,  things are held in check.

Gold is being hammered against the rally of the Dollar as the desperation continues with the trade now at $1,205.30,  down $13.50 and close to the low of $1,204.30 as yesterday’s climb was led by an Open Interest fall of 7,306 contracts to 380,780 until this early morning bashing.   Silver is down as well with its trade at $17.16,  down 40.7 cents and at its lows with the real price of extracting and refining Silver way up at over $27 an ounce.   The papers can control this beast only for a short time longer as Shanghai will lead all things because LMBA and the Comex are no longer trusted to even account for what is in their own inventory.   The Open Interest in Silver gain 452 contracts to 168,420 yesterday as the deep pocket longs remain unwavering during these price bashings.   Maybe I spoke too early yesterday regarding our leading indicator of the Anti-Fiat money system when I thought Bitcoin was heading lower against the rally in Gold and Silver.   Head fake for sure but Bitcoin is steadfast this morning with its trade at $376.50 down only 50 cents from yesterday’s quote and inside a 24 hour trading range between $386 and $366.   Maybe the idea that the Crypto Currency is catching on is the reason for the price attacks as word was put out that a new Bitcoin Bank is out and circulating amongst the stores in Silicon Valley which opened up yesterday http://www.theguardian.com/technology/2014/sep/29/bitcoin-circle-cryptocurrency-jeremy-allaire .   This bank will make it easier for people to get out of the Dollar while it’s being pushed into the stratosphere at the same time beating of the Anti-Fiat Red Headed Step Child continues.   Ripple Coin remains steadfast at $0.004699 as the price is too low and is still not much of a concern as of yet.

Grains are all trading lower because of the Dollar’s push,  Softs are mostly lower with Oct Sugar the only positive,  and the Live Stock Sector continues to split with the Live and Feeder Cattle making higher prices as the Lean Hogs hold steady.   Nothing to fear because the Twisted Sisters of Paper continue to reward those that simply close their eyes to the reality that there are no meaningful jobs,  debt is continuing to climb,  and the elderly,  that had retirement accounts are finding out they don’t have enough to continue to live like they have in the past.   This will all change one day and it might happen this next month.   Today is the last trading day of the quarter and the fiscal year of the US government.

China has officially started trading with Europe outside the US Dollar System and today is the first full day of this non usage of the American Peso http://www.bloomberg.com/news/2014-09-29/yuan-euro-direct-trading-begins-tomorrow-as-china-promotes-usage.html.    We need to highlight something that happened past week regarding Eric Holder leaving office the day after it was reported that Holder boasted he had moles inside Wall Street’s biggest banks.   He left the next day and over the weekend it was reported that Eric immediately got a job at the biggest bank money can control,  JP Morgan.   This exodus most likely left the moles completely naked and unprotected and now that Holder is bowing to the money he was protecting while in the service of the people,  these moles most likely now,  have a real short life span.   Will one of them realize this before it’s too late?   If so,  will we see a financial Snowden post his/her findings before they’re silenced?   This makes for a great storyline for a big picture movie as we close out our missive and celebrate another day of buying cheap Silver and Gold as the fiscal craziness ends another year and starts again.   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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