New fiscal year starting point, we feel the Precious Metals bottom is here now!

The meteoric rise in the Dollar took one quarter of a year to rise from a low of 80.00 to the height of 86.335,  which happened to be yesterday’s high and the end of the fiscal year for the USA’s government.   Today,  our fiat currency stands at 86.155,  up 10.8 points from yesterday’s close.   There has been no change within the economic structure of the country with the exception of continual weakness everywhere because of the rising and export crushing rally in the Dollar and a collapsing housing market.   Why the rise?   It’s a bankers folly at best.   Treasuries have rallied a little with the 30 Year Bond rising from 134 to 138 in the quarter, but look weak as more and more nations see no reason to hold onto a product that supports a system that claims its only power is to blow things up if they don’t use the fiat they demand to be used.

The Energy Sector was beaten down during this past quarter with Crude Oil’s July starting point at $102.20 down to today’s price of $91.66,  up 50 cents from yesterday’s $3.22 hit which dragged the rest of the sector down as well.   If one see’s this as we do,  this was an attempt to sway Oil producers away from using the BRIC nations basket of currencies,  but has completely backfired as it has become obvious to us that Germany and Saudi Arabia are ready to leave the fiat failure gang after one of our politico’s said “Phuck the EU”,  nice lady huh?   Besides that,  Germany still hasn’t received much of their Gold holdings held at the Feral Reserve,  can you say,  it’s gone?   Gold,  over the past quarter has been beaten down as well from a high of $1,347.50 to today’s price of $1,209.10,  down $2.40 from yesterday’s close with a $107 loss over the quarter as more and more sales from the East simply take these bargain basement prices and store this valuable “forever money” somewhere else outside the western banking system.   Silver,  the Mule,  started the quarter out at $21.67 but is now at $17.02,  down 3.7 cents from yesterdays close and $4.65 for the quarter as Open Interest remains SUPER-ELEVATED!!   As mentioned all year long,  these buyers refuse to leave their positions,  even during this nose-bleeding collapse in value.   IF you can’t see this as bullish,  there’s no hope for you. We personally feel the bottom is here and now,  and with the quarter over,  the price rise we know to be inevitable,  will begin.   Bitcoin,  one of our alternative out of fiat Crypto-Currencies,  is trading at $384.80,  up $1.70 from yesterday’s quote and from a high in July of $652.90,  a correction of $268.10 for the quarter.   The Federal Government and its central banker friends used all the Crypto they had taken from Silk Road along with their various other tactics,  did what they could over this last quarter to punish those who see the eventual failure of the banksters folly and who wished not to be involved with the next level of purchasing power lose.   Ripple Coin is trading slightly higher with its trade at $0.004860 and is not part of the Feral Reserve’s attempts to squash things over the quarter,  so a price rise has taken place.

Grains are lower across the board because of harvest pressures as we wonder who will buy our GMO Grains since China refuses to experiment on its people and as the US shuts the door on Russia,  our latest and newly hated nation,  who has done nothing wrong and wishes not to have a physical war with a nation that seems to enjoy putting its people into harm’s way.   Softs are mixed,  and the Live Stock Sector is trading in the red,  for now,  after Monday’s spike into new highs for Feeders and Live Cattle.   The Papers have made some real sharp swings over the quarter with the Dow being the only one to gain in value.   Today,  the twisted Sisters are lower in the early morning of the first day of the new quarter.

We need to make mention a big mistake in yesterday’s missive as I was caught up in an article that claimed Eric Holder was now employed by the Morgue.   I took the satire hook,  line,  and sinker, and was taken in like a Dorkfish on a Corndog baited hook,  as a friend sent an email after he found the article originally came from the Daily Current which was spread across the net.   Oops,  Sorry about that!   I was speaking to a client yesterday about my mistake and he mentioned in passing,  that he didn’t think too much of it,  after all,  the revolving door between the banks and the government is so common,  it almost made the storyline credible.   We here at Fort Wealth,  try our best to hold our truths to the light of day,  something that seems to be missing in all things within the media and government reports.   We’ll make mistakes,  no doubt about it,  but we try our best to remain a beacon of light when it comes to our versions of the truth.   We are thankful of the corrections (at times).   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

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.