Monday morning with Silver and Gold turning the corner to positive

The volatility of the US Dollar’s move upward is being shadowed by the sudden drops causing us to think the Dollar’s export killing death rally is just about finished with its trade at 86.54,  down 28.3 points with a low so far at 85.515.   Treasuries are still elevated and uneventful,  but as few are aware,  the sector that doesn’t move,  soon will,  and be the market where the bigger moves occur.

The Energy Sector is still in a weird place,  stuck between too much production and a country with low energy needs with Crude Oil at $90.14,  40 cents higher than Fridays close with the entire sector trading slightly higher with Natural Gas the only neg.

Gold,  which always gets the hammer on the Unemployment Report,  has turned the corner in one midnight swing with the price at $1,196.00,  up $3.10 and at its high as the Open Interest only dropped some 461 contracts on Friday’s dip and after dipping down to $1,183.30 in Sunday night’s trade.   Truly amazing movement and may be a sign of the future (let us pray).   Silver is leading this rally with its trade at $17.04,  up 21.04 cents and close to its high of $17.09 with its OI losing only 323 contracts,  still leaving the deep pocketed buyers in place.   This is a huge bullish signal and barely being reported.

Bitcoin has taken a huge beating over the weekend with its trade now at $324.80 inside a 3 day trading range between $376.70 and $275 as word came out about Russia threatening to penalize Bitcoin traders within its borders.   We’ll see what happens from here but this huge dip was met with major players coming in and buying up the crypto-experiment.   Ripple Coin is down from Friday’s quote and is now at $0.004779.   These Crypto’s trade with some good old fashioned volatility,  so this may be a place for the trader who can or wants to remain limber.

Grains are all trading higher as word came out about snow fall as far south as Illinois that came in over the weekend,  Softs are all trading higher against the Dollars drop,  and the Live Stock Sector remains closed till the 9:10 Chicago opening.

Nothing to fear because the Twisted Sisters have their lip stick on and have the support of the Working Group who are contracted to never allow the Papers to fall in any form of meaningful dip,  at least at present.   One day things will turn into the proper and these elevated markets that at present,  are not allowed to fall,  will.   Those that see where the markets should have gone since 2011 will soon see their sun shining days return,  it simply requires patience and of course,  the strength of JOB.   So keep those Precious Metals and Crypto’s 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.