The Precious Metals rally continues – 10-21-14 daily update

The swings inside the US Dollar are getting wilder during the night session with the trade now at 85.200,  up 16.2 points inside a 46 point swing with a high at 85.25 and its low of 84.795.   There are some serious problems behind the curtain and the cure is obviously lower values in all fiat currencies.   Treasuries are still looking very toppy with the 30 Year Bond and 10 Year Notes showing weakness at a time when they are normally positive.   There has been talk that the G20 Anti-corruption Working Group meeting that occurred last week had a major change in it that caused the Treasuries to falter like they did.   Time will prove all they say and we truly look forward to change.

The Energy Sector seems to have mellowed out a bit after the heavy selling pressure subsided with Crude Oil now at $83.19,  up 48 cents with the byproducts following along with Natural Gas still posting negative numbers.   Yesterday,  France’s primary energy company lost its CEO in a plane crash in Moscow.   This may be another fine example of fiat control killing because the CEO of Total,  Christophe de Margerie,  was publically Anti-Dollar,  just like Saddam,  Ghadadfi,  and a host of others over the years.  This obvious resource killing is getting very old and fast

Gold continues to add value with its trade at $1,248.10,  up $3.40 after reaching up to $1,254.10 before being brought back down in usual fashion.   Open Interest in Gold gained 1,267 contracts with the total OI now at 403,776.   It seems deliveries are actually working again with 230 notices being delivered upon yet nothing has left the Comex as of yet.   Silver is higher as well with its trade at $17.37,  up 1.6 cents after rallying to $17.515 before being pushed down to its lows in trade.   Open Interest remains elevated at 170,248 and is at the exact opposite of Gold’s low numbers.   This is the point of contention and we know the Silver buyers have been resolute for months now and they continue to add more contracts as the Fiat traders continue to beat the prices lower.   We feel these past 6 months have been used to reposition the bigger traders for a stellar move higher and we remain steadfast in this belief because the global markets are tired of the fiat bullying.

Bitcoin is leading the Anti-Fiat charge,  as we have been relaying for over a year now with its trade at $385.80,  up $3.30 from yesterday’s quote and inside a 24 hour trading range between $390.60 and $376.20.   Asia largest business forum,  The World Knowledge Forum in Seoul,  introduced Bitcoin to the commercial businesses in attendance widening the understanding of a Crypto-Currency that is completely outside the international and government control mechanism.   The popularity of the Crypto-Sector is increasing on a regular basis.   Ripple Coin is following Bitcoin’s lead and is climbing as well with its trade now at $0.0052720.

Grains are flat to higher,  Softs are weaker across the board,  and the Live Stock Sector looks confused as to which direction it should go.   Nothing to fear though because the Working Group has the Paper Sisters back with the S&P,  Dow,  and NASDAQ, are all in rally mode again and all while we sleep.   One day this will change and reality will set in.   Those that have been involved with the Precious Metals have suffered tremendously,  not because they traded incorrectly,  but because the Fiat traders never go to jail for their crimes.   This may be changing after last week’s G20 Anti-corruption Working Group meeting.  We remain steadfast in our beliefs that having physical Precious Metals in one’s possession,  with some exposures in Long Call options (in Silver and Gold),  as well as having some funds in the Cryptos,  will help keep ones purchasing power intact.   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

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