The feel of “Stampede” into Silver and Gold is in the air

The US Dollar’s trade is sitting at 84.79,  up 1.1 points after recovering from yesterday’s overnight hit that still hasn’t been explained.   Maybe we should all settle down and accept the fact that the US is no longer pulling the strings anymore and that other nations are making the decisions that will impact the Dollar and our country’s future.   Treasuries remain elevated and uneventful even at these super high numbers,  that alone should cause wonder,  but as long as there’s no stampede,  the cattle simply sit unaware.   The Energy Sector is another group that hasn’t budged in this cluster of confusion with Crude Oil sitting at $91.42,  down 14 cents from yesterdays close with all the off/on attacks in the Middle East at the same time real unnerving reports are finally coming out about the lack of energy consumption on a global scale hitting the markets.   Things will change quickly if winter decides to show up early,  after all,  it seems Summer only hit California as record cold hit all the rest of the USSA.   Gold,  the broken thermometer of economic trouble,  was controlled in regular fashion after yesterday’s surprise break thru the topside of the declining resistance line,  with the trade now at $1,222.20,  up 20 cents after it rallied to $1,226.70 in the overnight.   Open Interest declined by just under 700 contracts during that spike,  leading us to think that some shorts got spooked.   Silver is in check as well with its trade at $1772,  down 5.9 cents after a large amount of shorts left during yesterday’s movements with its Open Interest still at 171,000+ contracts.   Stories have hit that the US Mints sold over 1,000,000 ounces of Silver Eagles over the weekend after the price hit happened on Friday.   Definitely not what the Fiat-figurines intended as we still feel the run to metals is upon us still.   By the way,  has anyone heard or seen Jamie Dimon or Lloyd Blankfein anywhere?   They love being in the public’s eye,  yet seemed to have disappeared like a UFO in the nights sky.   Bitcoin,  our most recent leading indicator of Anti-Fiat market direction,  rallied in a big way yesterday with its trade now at $424.20,  up $25.90 from yesterday’s quote and inside a 24 hour trading range between $452.70 and $393.60.   The story out there regarding the Crypto shows the Federal Trade Commission trying to control its usage but having trouble proving it has the global authority,  especially now with the rumor that Bitcoin will be used for Oil transactions in Kuwait.   If this winds up happening the Crypto’s acceptance will be huge!   Ripple Coin remains steady with its trade at $0.004570,  up a little and still a good idea to have some just in case it does a Bitcoin rally.   Grains are all trading in the positive,  Softs are mostly higher with Cotton going thru harvest pressures,  and the Live Stock Sector remains mixed but steady.   Nothing to fear world traders as the Twisted Sisters of reality have their backs covered with the Working Group stepping up and buying after a couple days of pullback.   Those that close their eyes and buy on these dips are the real winners at present.   It hasn’t mattered on iota what the fundamentals point to,  nor charts,  its simply going up and we should all be worshiping the Gods of fakery.   Screw that!!   I like investing in reality although it hasn’t paid a damn thing for a few years now (with the exception of Bitcoin),  but it will when people hear the snap (of the camel’s back) and say what’s that?   The stampede towards anything that will offset the falling of an over printed and soon to be under-used Fiat Currency will be a sight to see.   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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