Silver and Gold have only one way to go, UP!! As debt instruments decay

The US Dollar’s trade remains supported by those inside the banking system with the trade now at 85.630, up 22.6 points and just like all the other days of the year so far, it’s done only while we’re asleep. Fundamentally, our Dollar is as bankrupt as our government is when it comes to truth or trust. Treasuries have flat lined since last week’s disruptive spike occurred. We still believe that a major event occurred and that this will require the Feral Reserve to do another print-to-survive moment so they can stay in power while the rest of us suffer under the weight of uncollectable debt. When reality sets in, a real revolution will unfold, admittedly, we can hardly wait!

The Energy Sector is still running down at its yearly lows with Crude Oil now trading at $82.72, up 23 cents from yesterday’s close with the rest of the sector waiting for more direction. The sector may not get much from the US anymore as it is becoming quite obvious that housing, car sales, and employment, are not even coming close to the inflated projections of our governing leaders, at least for now.

Gold is trading lower in the early morning with the trade at $1,246.30, down $5.40 inside a trading range between $1,250.20 and $1,245.20, as usual, the lows of the night session are happening just before the US open. Open Interest gains were heavy in yesterday’s trade with an added amount of 3,683 coming into the mix making a total OI of 403,776, with plenty of room for more. Silver is down as well with its current price at $17.37, down 17.9 cents inside a night time trading range between $17.580 and $17.335, and just like Gold, at its lows just before the US Open. Open Interest remains elevated and quite exciting as we still think the deep pocketed buyers are here to help settle out a future delivery which we hope is in the month of December.

Bitcoin, what we call our Anti-Fiat trading indicator, is lower than yesterday’s quote with its trade at $381.50, down $4.30 from yesterday’s quote inside a 24 hour trading range between $393.50 and $376.20, trading at its bottom, just like the Precious Metals. Ripple Coin is steady to slightly lower and is trading at $0.0052676. Even though this little experiment (Ripple Coin) doesn’t seem to move much, it is up almost 40% since we started suggesting people buy into it. Still to date, one of the best long term trades over the past 2 years, has been Bitcoin, which made millionaires out of small amounts of startup money.

Grains are all trading in the positive, Softs are mostly higher with Cocoa the only exception, and the Live Stock Sector is mixed and confused. The problem with our Grains Sector will show up soon enough. GMO products are being refused by the biggest buyers and lawsuits are popping up everywhere inside the US against GMO’s, as a result of this refusal. Major nations are posting evidence of birth defects and various other issues with these supposed genetically modified organisms which have only created huge reactions against nature. Most likely, the US populace will be fed this crap as we’re forced to be the companies guinea pigs.

The Twisted Sisters of the Paper Markets are having a hard time keeping the positives number it was given in yesterday’s trade with only the Dow posting a green number on a board full of red. The gyrations inside the paper markets (Currencies, Treasuries, and Stocks) are showing the real decay that has been evident to only those that are outside the banking and federal system. Things are changing behind the curtain and admittedly, we’re excited to see it finally happen. All that Hank Paulson and the other Treasury Secretaries have done so far, was to postpone the inevitable. Jack Lew, has been nowhere in front of a camera and most likely he has his reasons for not showing his face.

Still, the only place where one can save his/her purchasing power is within the Precious Metals arena and having some Crypto-Currencies as well. We, as a species, love complexity. We grow and thrive because of it and for this reason we feel the Crypto’s have a future. Especially because it is outside the control of all governments and the central banking system which only survives because the CB’s can create more money when it needs to push its own selfish agendas, which has always been against the people. So keep the complexities coming and as usual, hold those Precious Metals outside the 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

Don’t risk what you cannot afford to lose….
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