Silver, Gold, and the Cryptos continue to rally

The US Dollar is trading flat this early Monday morning with the trade at 85.190, down 2.3 points after being pushed to 85.47 before the retreat to its low.   Treasury Instruments,  which we feel now is Algo damaged,  beyond their control,  is trading flat to negative with the 30 Year Bond and 10 Year Notes posting negative numbers as the short termed Eurodollar trades higher.   The wild gyrations posted last week will prove to be the point of no return as we move forward into time.

Energy Sector remains confused between global low demand and the continual bombings of a foreign lands with Crude Oil trading at $82.76 up 2 cents with the rest of the sector posting negative numbers.   Has anyone noticed how our latest failures in foreign policy are no longer being reported in our so called news services?   Looks like the election season is upon us at the same time the air waves are being cluttered with useless dribble for the entertainment of the morons in life that still believe the news services have a purpose other than lying.

Gold is trading higher this morning with the trade at $1,245.20,  up $6.20 and close to its high so far.   Open Interest fell a bit on Friday leaving a total of 402,871 as only 362 dropped out of the trade with still plenty of room for the buyers to come in.   Silver is up as well but barely with its trade at $17.41. Up 7.9 cents and 2 cents off its highs with its Open Interest 169,963,  a gain of 318 additional contracts at a time the prices are at least $5 below production.   Silver and Gold won’t stay down for much longer.

Bitcoin is trading $6.20 higher than Friday’s quote with the trade at $382.50 in between a 3 day trading range of $397.30 and $371.   Positive news came out of London regarding a Bitcoin exchange that will allow Bitcoiners to buy and sell inside a whole parameter of foreign currencies.   This is a new edition which will allow the Crypto-Currency traders to enter and exit into various other currencies without being stuck between the crypto and a single nation’s currency.   Face it folks,  Crypto-Currencies are here to stay,  if you don’t have any exposure to them,  you’re missing out on the latest Apple or Microsoft before they took off and made millionaires out of secretaries.   Ripple Coin,  our companies suggestion,  is trading higher as well with its trade at $0.005183.   Ripple is gaining ground and exposure since it pushed out a much older crypto coin called Litecoin when Ripple Coins market cap exploded higher.

Grains are all trading lower as harvest pressures push prices lower,  Softs are mixed with Coffee sharply lower and the Live Stock Sector remains closed till 9:10 Chicago time.   The Twisted Sisters of Paper are having a hard time keeping that Stepford Wives look upon their fixed faces as someone continues to push the prices lower.   We saw the Working Group Sisters trading positive before we put thought to type,  but now all three are posting loses as we open the fourth week inside the crazy month of October.   Yes Sir,  things are changing and at a rapid pace!   Firstly,  we still believe that Silver and Gold will move sharply higher,  and secondly,  it will be at the same time the Working Group along with the central bank Algo’s,  run out of money as the system collapses upon itself.

The Algo’s can only be successful in one direction,  they have no way of controlling the sudden negative reversal that comes with doubt at a national level,  nor can they change their overall direction quickly.   Something has changed the outlook inside the US Treasuries debt instruments and we feel things will change abruptly.   Still,  we stand in beliefs that you should own and have in possession Silver,  Gold,  and some exposure to some Crypto-Currencies,  especially in the months ahead.   As a side note,  we are posting Harvey Organ’s posts nightly,  but for some reason,  “Before Its News” keeps missing our additional missives, like Friday nights Harvey post.   We ask that you simply go to our website’s blog page to read Harvey’s important updates so you can remain ahead of the crowds.   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….
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