25 failed Euro-stress test banks depositors at risk. Got Silver, Gold, and Crypto’s?

The US Dollar is trading at 85.650,  up 8.9 points after being down as low as 85.53 with its high right at 85.75.   Treasuries are weaker across the board in the early morning as we still remain focused on the 30 Year Bond spike 2 weeks ago and the subsequent weakness since.   Russia and China are taking on more and more countries willing to trade outside the US Dollar’s bully system and that,  my friends,  is taking a toll on the Dollars support system.   Whatever is going on behind the scenes could be a game changer,  a major unyielding game changer!

The Energy Sector may have found a bottom over the past few weeks as Crude Oil seems to be waiting for a reason to move one way or the other with its trade at $81.53,  up 53 cents from the close with the rest of the sector looking to follow Crude’s direction.   Since we’re down to the final days of the US midterm elections,  all the politically backed screw ups involving the Middle East seem to have disappeared once again from the lame stream media circus,  regardless,  we’re certain that we still don’t know who our friends or enemies are.

Gold is holding on to its value with the trade at $1,228.10,  down $1.10 inside a $10 trading range during the night session with its high so far at $1,232,  and a low at $1,222.20.   Open Interest in Gold rose by 1,808 contracts yesterday with a total now at 410,909 with 50 contracts being delivered their receipts yesterday.   Silver is trading at $17.26,  up 9.9 cents inside a trading range between a low of $17.06 and $17.285.   Open interest is still in the unbelievable heights at 173,699 with the December contract the major focus.   The disparity between the OI numbers of Silver and Gold helps us define the situation that Silver is the key to unwinding the Anti-Fiat hedges the central banking system has had on the Precious Metals and that unyielding support they’ve had on their printing machine.   Things are coming to a close and the buyers with these deep pockets may prove to be the winners,  especially if they are standing for delivery.   I can hardly wait to see these ass clowns who have been paraded around as financial experts get their comeuppance.

Bitcoin is $3.56 higher than yesterday’s quote with its trade at $357.00 inside a 24 hour trading range between $358.60 and $349.20.   We see nothing but bright skies ahead for the Cryptos as FinCEN (Financial Crimes Enforcement Network) is establishing guidelines for the Crypto’s which means the future of this newer form of currency becomes more and more accepted.  http://www.coindesk.com/fincen-rules-bitcoin-payment-processors-exchanges-money-transmitters/.   Ripple Coin,  is ever so slightly lower at $0.004981 against yesterday’s quote of $004994.   We strongly suggest those that have resisted changing over from the old horse and buggy to the newer form of the future automobile,  do so at these super low prices,  or you may be paying dearly later.

All Grains are posting positive numbers in the night session,  Softs are lower across the board with December Cotton the only exception,  and the Live Stock Sector is closed because of the complaints from traders of manipulations during the slowest times of overnight trading (too bad they can’t see the same crap in Precious Metals).   The Live Stock Market will open at different times during the week, but only during the US session.

Nothing to fear though since yesterday’s little problem of 25 European banks failing the Stress Test.   Even after they pumped in 1.7 Billion Euro’s into the system to buy up bond positions that still can’t/won’t make that ugly pig look good.   As long as it’s not in the next day’s news it will be forgotten,  unless of course,  you bank at one of these upside down institutions.   The Twisted Sisters are trading in the positive for the moment but we don’t see this lasting much longer.   People are catching on to the fact that these bankers are on the verge of exposure and they won’t survive without body guards.   I’d rather be poor and desolate than to be in their shoes,  especially now,  since more and more of them are either being suicided or are leaving on their own accord.

Harvey Organ has his website back up and running,  admittedly,  he’s still working out the glitches that are always prevalent when working with a new system.   His new site address is at harveyorgan.wordpress.com,  so bookmark it and be one of the first to read his data.   The change is here for those willing to see.   It won’t happen in a flash,  but slower than many wish.   Regardless,  if you don’t have your Crypto Wallet in place and physical Silver and Gold in your possession,  your purchasing power is at extreme risk.   So keep them 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.