Silver, Gold, and the Crypto’s are continuing to move higher

The US Dollar is under support after losing a decent amount of ground in yesterday’s trade with the Dollar now at 85.825, up 9.8 points after trading as low as 80.205 the previous day. There is no reason for this support with the exception of banker interventions which seems to be losing their past abilities to control anything. Treasuries are still being bought up as we see the very likely possibility that a nations currency is about to be sacrificed. Japan and Europe are our possible focus points and for several reasons which we’ll go into in the months ahead.

The Energy Sector continues to lose ground with Crude Oil now at $84.84, down 90 cents dragging the rest of the sector with it. Crude Oil has lost $10 per barrel over the past 2 weeks with many traders certain this is an midterm election ploy as well as an attempt to force Russia into a financial hole just before an attack is made on Ukraine. It appears that taking others resources, which to us is very old thinking, is all these unelected war mongers can think of.

Gold continues to climb after another good day of trade with the current price at $1,235.30, up $5.30 after reaching up to $1,337.50 as Open Interest dropped a bit yesterday leaving 386,186 to play in the markets. Deliveries in the Oct contract are healthy at 1,057 standing for the physicals. Admittedly, this is a high number for this month. Silver is trading higher as well with the current price at $17.505, up 16 cents after reaching up to $17.525 before Britain kicked in some more paper. Open Interest in Silver is still very strong with those deep pocketed buyers patiently hanging in there waiting for the shorts to capitulate. It’s apparent to us that the shorts have lost this battle and it’s simply a matter of time before the physical buyers take over the paper game. We had forgotten to mention that the Precious Metals margins were dropped again on Friday. This leaves the bankers a chance to make another attempt at pushing the market lower. The problem though, is this buyer, which Harvey Organ is certain is China, will be ready to buy more …. Much more!!, The other problem for the shorts is this buyer most likely wants physical. If this buyer really is China, then hold onto your butts, because the move higher may shock you!

Bitcoin, our leading Anti-Fiat indicator, seems to have caught a tailwind and has been climbing for days with the trade back above $400 at $405.90, up $27.70 from yesterday’s quote and inside a 24 hour trading range between $418 and $373.90. Ripple Coin, our latest buy suggestion, is elevated and is now at $0.04948 as more and more buyers are stepping up to the plate. This Crypto system seriously has the chance to weaken the entire banking system and government control on the international money flow control mechanism. The use of the SWIFT system as a weapon of war has proven to be inhuman and untrustworthy, with many starting to realize that if “the powers that were” can use this on any nation they don’t like, in time, it will eventually be used on people, like Lois Lerner and the IRS against anybody a standing president wants to destroy. No nation or individual, should have this ability at all, especially when all high crimes go unpunished.

Grains are mostly lower with Soy Beans the only exception, Softs are higher across the board, and the Live Stock Sector is flat to mixed. The Twisted Sisters of the Paper Markets look battered and beaten after yesterday’s continued push lower. No amount of pig painting lipstick or makeup can cover up the black eyes given to these Stepford Wives as yesterday’s close was met with quote that “At 1532ET today (Columbus Day – with half the market absent), someone – apparently having waited to see if the almost ‘ubiquitous’ 330pm Ramp would occur – decided it was time to dump three-quarters of a billion dollars notional of US equity market exposure in 1 second. The results of this forced liquidation (or utter disregard for fiduciary duty) were as follows… A complete collapse of all liquidity in the S&P 500 e-mini futures contract – the world’s most liquid equity exposure vehicle…
The liquidity evaporation began at 15:32:37 after 4,492 eMini contracts were dumped in 28 milliseconds $ES_F $SPY
— Eric Scott Hunsader (@nanexllc) October 13, 2014
” as quoted by Zerohedge http://www.zerohedge.com/news/2014-10-13/what-happens-when-someone-desperate-sell-750-million-stocks.

With all the lies that have been exposed and with the liquidation of Papers everywhere, including the Ebola fear and other flu bugs popping up, there is no better time than the present, to hold physical Silver, Gold, and Crypto’s. So please, 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….
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.