Manipulating Silver and Gold to support the Dodo Dollar is proven

Firstly,  a very deep bow of respect goes to our Soldiers who fought and died for our beliefs in freedom.   This day should be a NATIONAL HOLIDAY with all businesses and investment arenas closed.   But here we sit as our government ignores those that died for the sake of our nation.

The US Dollar got repositioned in trade yesterday after the overnight trade was overwhelmingly weaker.   Yet once the US trade started,  the Dollar got pushed higher to completely remove the natural negative tone and made it positive with the trade now at 88.00,  up 8.9 points from yesterday’s close.   Treasuries reversed as well in yesterday’s trade with the 30 Year Bond first trading a ½ basis point higher,  then to drop over 22/32nds by the end of the day.  Such reversals do not give confidence but is a warning sign of things to come.   Apec’s financial meeting was finalized Sunday with Obama being placed far right of the host and the current financial leaders who now pull the global strings.   At least it wasn’t as bad as last year when Kerry was placed by the back far right near men’s room.   Even now,  our neighbors to the north made an agreement with Qatar and China to swap products without using the Dollar.   http://www.zerohedge.com/news/2014-11-10/petrodollar-panic-china-signs-currency-swap-deal-qatar-canada   Currently,  the US masses are given nothing newsworthy that could help them with the events that are about to happen.  Grin and bear it is all that is expected as we watch the Dodo Dollar cook.

The Energy Sector continues to fall apart as weakness in all pricings continue with Crude Oils trade now at $77.00,  down 40 cents from yesterday’s $2.25 reversal.   We had a $1 positive trade until the US market opened,  then down she went,  taking everything with it.  This spiraling decline in all physical products will spell major damage to all manufacturers in the future as they unwind their spreads and wait for a bottom to come in.   The damage has already happened but won’t surface for months in the future.   In the meantime,  ISIS is the new leader in Oil-land as we wonder if the Oil companies are allowing ISIS in so they can use the takeovers as a tax write off for all those “lost” facilities.   After all,  everything these transnational companies do is to remove all costs as they extract a nations resources before they go onto the next.

Gold,  which made a stellar move on Friday but is never allowed to have a second day giant move was pushed lower in yesterday’s trades and is now trading at $1,155.10,  down $4.70 with a low of $1,145.50.   Open Interests jump on Friday was huge as 16,366 contracts entered into the market a day before the APEC meeting.   As of right now the OI in Gold remains elevated at 434,171 contracts,  so far losing only 124 contracts yesterday.   Silver was brought lower as well with its trade now at $15.605,  down 6.6 cents after hitting a low of $15.445.   Open Interest on Friday gained a minor amount as the shorts stayed in place regardless of their losses.   We have a current count of 166,928 OI as of this morning as the OI in December stays constant at 169,965.   A very elevated number for a contract with 3 weeks left in trading.

Bitcoin,  our leading indicator for the Anti-Fiat movement,  is pulling back a bit after a good weekend rally with the trade at $366.40,  down $4.60 with a 24 hour trading range between its high of $377.80 and a low of $357.30.   Ripple Coin is down a little as well with its trade at $0.0507.   One thing is for certain here,  the younger investors,  those under the age of 40,  understand the Crypto’s more than us older traders.   This newer group is being completely ignored because the bankers,  politicians,  and trading companies,  are the ones that are stuck not understanding their views.   Crypto’s are here to stay as the Dollar is fried.

Grains are mixed to flat,  Softs are higher across the board,  and the Live Stock Sector continues to add value as the closing numbers show.   The Twisted Sisters of the Paper regime continue to do what they’re told to do regardless of the waste laid behind the scenes as nothing can stop their rally into oblivion as nothing of the current reality is allowed to show in the current pricings.   All this will change in time,  but that won’t happen till the last Dodo Dollar is fried in bacon fat.

I have to say this,  Good Ol’ Martin Armstrong got egg all over his face after UBS admitted is was part of the Gold manipulation and paid a fine because of it.   Of course,  the cycle master had nothing but contrived disdained answers for those that lay claim that Silver and Gold were manipulated as he faithfully ignores the one question he can never answer;  How can anyone (or company) short into the market 2 ½ years of mining production in 2 minutes in the middle of the night and it not be called manipulation?   Still he stands on high lashing out at those that have 15+ years of recorded evidence of proof (Go GATA!!).   I no longer need to read his missives,  he has become the old man with a view that no longer works as he still ignores the Cryptos yet his claims of a cashless society is coming as the banks try to catch up.

I’ve always believed in new ideas and I hope I’m out of this game when I can no longer see a future with change in it.   Still,  to date,  the mix of the old and new is where I live.   I will remain forever in the belief that Silver and Gold,  along with some Crypto Currencies,  is the place to be instead of being stuck inside a stock market supported by dying currency, that can only be supported by lies and deceit. 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

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