Silver and Gold trade positive as Ebola hits Illinois, New York, & Conn.

The US Dollar, the focus for everyone in the know, is still trading at a lofty height of 85.915, down 3.1 points inside a trading range of 86.015 and 85.830. It’s still amazing how this currency, which is attached to nothing and is printed on a daily basis because the government cannot live within its own tax revenues, can stay elevated. This is going to change and the only question left is “when”? Treasuries are in serious trouble as we still remain focused on the events of last week but for now, the uncollectable debts are supported once again by lawless of London.

The Energy Sector was given a good reason to rally yesterday after Saudi Arabia cut back production, but the pressures of non-demand are still prevalent with Crude Oil at $81.36, down 73 cents from the close taking away half of yesterday’s gains with no positive numbers posting across the board. Now we see threats coming from the number one supporter of the Petro Dollar threatening other nations who wish to buy ISIS Oil. Because ISIS is now underselling Crude to any and all buyers .. Oh what a web we weave …

Gold is higher in the early morning with the trade at $1,232.80, up $3.70 inside a trading range between $1234.40 and $1,229.10, a very tight range for London’s moves. Open interest fell to 411,059, losing 1,632 positons in yesterday’s activity as a report came out showing that 321,500 ounces of Gold was removed from JP Morgan’s vaults. Is Gold on the launch pad? Silver is trading at $17.235, up only 7.7 cents inside a trading range of $17.285 and $17.16. Open Interest gained 2,435 more contracts with a total now at 175,627 as new buyers (or those same deep pocket holders) came in and continue to taking on the shorts as it has become obvious that the lows are being challenged.

Bitcoin continues to be leaned upon with the trade now at $361.10 inside a 24 hour trading range between $373 and $344.30. A possible reason for the drop is that another exchange hub in London went bankrupt under very suspicious behavior from the multi-named creator http://www.theguardian.com/technology/2014/oct/23/british-serial-entrepreneur-missing-bitcoin-apparently-stolen. Once again, if you don’t keep your money in your personal wallet, it will be taken, just like if you have your entire retirement account inside the Stock Market or 401k programs. Your money is at risk of being taken by the banks, Cypress is a key example. Ripple Coin is still running steady with its trade at $0.005176 and is still number 2 in the market caps http://coinmarketcap.com/.

Grains are elevated after a strong Soy Beans Sales report brought all proteins higher, Softs are mostly higher with Coffee being the only neg, and the Live Stock Sector in mostly lower with the front month of Live Cattle being the only positive. The Paper Markets are weaker across the board after yesterday’s push higher by the Working Group after it was reported that Sears was closing 100 stores and letting go 5,000 employees along with the cheapest food on the planet, McDonald’s, taking a hit as well. Now, to add more negative bias to the mix, it’s been reported that NYC, Chicago, and the entire state of Connecticut, has Ebola with some of the infected having no connection with the other reported cases. Our fear is the morphing of the virus and the other flu bugs coming into a season of fear and panic as we remind our Conn. Readers, that the states government already declared a state of emergency, so your rights are wiped out!

It’s crazy out there in the investment world, yet the calm Silver, Gold, and the Crypto’s holders have at present, is a real place of comfort. If these flu bugs spread further into Sodom and Gomorrah’s investo-land, things are going to get real crazy real fast. The Twisted Sisters in the Paper markets could easily take a hit that won’t be recoverable at the same time the suppressed prices of Precious Metals and Crypto’s could really take off. In closing, we wish everyone a safe and flu free weekend, 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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