FOMC data spewed today keeping Silver, Gold, and Cryptos, in check (for now)

The instability of currencies is starting to show,  especially after the three month rally the US Dollar had against the other western backed currencies from the beginning in July thru the end of Sept.   The trade has been faltering since that spike and even though many will argue that the currency is still holding on,  its apparent the manipulations have run its course as we wait for the FOMC’s BS data report telling us how wonderful they are at printing money and creating jobs (cough).   The Dollar trade stands at 85.460,  down 1.3 points when it should be at 68.50 simply because of the Federal Reserve’s inability to stop printing.   Treasuries are weaker and have been so since the spike we had three weeks ago.   We expect things to get real ugly in the weeks to come,  especially when these central banks,  that hold all these Treasuries,  realize how much they lost during the spike and fall.

The Energy Sector has gained some value yesterday and has added a bit more value in the night session with Crude Oil now at $82.20,  up 78 cents with most of the group following with Natural Gas going in the opposite direction.   My guess is the oil companies found a way to pipe the gas coming out of DC.   Apparently Britain and the US are afraid of another terrorist attack so both nations are beefing up security around their government buildings.   Blowback may come in spades one day,  and apparently the idiots in both nations cannot accept the fact that they are the ones to blame.

Gold’s trading has been stymied to a point that it’s barely allowed to move with its trade now at $1,227.70,  down $1.70 inside a trading range between a low of $1,226.80 and its high of $1,230.40.   While this price fix goes on,  so does the increase in Open Interest as 3,406 new contracts were added on during yesterday’s trades with an OI total of 414,315.   Silver’s trade is equally as fixed as Gold with its trade at $17.185,  down 4.1 cents inside an even tighter trading range between a high of $17.255 and $17.17.   Silver’s Open Interest gained as well as 942 more contracts being added making the OI total 174,641.   Very close to another multi-year high in OI as the buyers who have held their positions while Silver dropped several Dollars have proven they have the ability to stick to their program regardless of the paper game (which used to be illegal till the government started using it).

Bitcoin continues to be leaned upon with its trade at $347.60 down $8.90 inside a 24 hour trading range between $359.50 and $346.10.   Nothing can stop this new idea in the No-bank or government controlled currency,  that’s because people are catching on to the idea of it’s freedom as word comes out that a city is planning to create an entire Bitcoin economy in Launceston,  Australia.   http://www.coindesk.com/small-australian-city-plans-big-bitcoin-economy/?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+CoinDesk+%28CoinDesk+-+The+Voice+of+Digital+Currency%29 .   Everything starts with the idea,  and it truly is encouraging to see.   Ripple Coin remains steadfast with its trade at $0.004976 with no news to report on our little suggestion.

Grains are all trading higher,  Softs are mostly trading in the positive with Cotton the only neg due to harvest pressures and the Live Stock Sector remains closed to the Chicago opening.   Nothing to fear says the Twisted Sisters in Paper as they have almost completely recovered from their loses over the past month.   It doesn’t matter if stores are closing and people are losing their minimum wage jobs,  or that housing prices are dropping or that the costs of things (real commodities) people actually need to survive are going up in price.   The most important thing you should know is that government creates jobs and not the entrepreneur.   I’m sure glad Hillary made that clear for everyone to see (this chick needs a lobotomy).   We’re coming down to the wire on stupid season,  that is the promises made by liars during the election season.   Personally,  I feel it’s time to remove both parties from the system.   They proved to be the real terrorists and are the ones directly responsible for removing our rights and freedoms and they are the ones giving the banks the right to trade against the population for the benefit of the few.   Still to date,  there has been no other possession one should have for retirement,  than Silver,  Gold and a few Cryptos.   So please,  keep them out of the third party theft system,  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

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