Silver, Gold, and Crypto’s take off as deliveries and riots take front stage

The currency war continues with the US Dollar,  believe it or not,  causing the most damage as foreign entities buy up the fiat as Japan and Europe do the “print into oblivion” dance that the US has done these past 40+ years with the Dollar now at 88.21,  up 4/10ths of a point after reaching up to 88.31 before pulling back.   With all our printed currency,  the US has been able to transfer inflation overseas,  which has now reached its pinnacle of suffering and is about to return to its rightful destination,  US territories.   Treasuries are under the biggest support effort out there with the 30 Year Bond almost back to its October 14^th price of 142~22, the day before the biggest spike since 1983 hit the markets.  That was the time when Paul Volker cut interest rates form 13.5% to 3.5%.   If you saw this cut coming,  you would have been involved with the biggest turnaround in bond history with the biggest return on a trade.

The Energy Sector continues to play with the emotions as Crude Oil was knocked down again in yesterday’s trade by being dropped another 76 cents before the closing with the trade now at $76.11,  up 32 cents with the rest of the group following as best they can.   ISIS has been pretty much removed from the media circus,  after all,  they are doing what “We The People” did back a few hundred years ago,  kicking out foreigners with their rules that do not match their society.   They’ve had enough of our version of freedom at gunpoint and with the currency war escalating,  they’re movements will become more damaging than ever before.

Gold is trading higher at $1,200.60,  up $4 and close to its high of $1,203.   Overall Open Interest fell some 18,659 contracts as the position squaring becomes the main theme with OI now at 454,535.   December’s OI is now at 108,890 (10,889,000 ounces) with 3 days left for the December speculators before the delivery process is to begin.   November’s OI still has 11 contracts in it waiting for their receipts,  that will be completed today.   Decembers OI has to be scaring the crap out of the Comex guys,  truly a fun moment for me.   Silver is leading today’s precious metals rally with its trade at $16.705,  up 27 cents with a high so far at $16.755.   December’s Open Interest is dropping with its current early morning numbers at 37,924 contracts standing in front of Comex,  this is a sizeable drop in OI of 16,70 contracts.   Overall OI is dropping as well with the early morning tally at 166,824,  a reduction of only 6,024 telling us that 10,000 December contracts rolled over into the next tradable month.   Still the December Silver OI is asking for 189,620,000 ounces.   The problem is right here,  Comex has only 177.346 million ounces of Silver.   If the Decembers don’t fall in a substantial way,  we’re going to see sharply higher prices going forward.

Bitcoin seems to have a tailwind with its trade now at $390.30,  up $18.40 from yesterday’s quote inside a 24 hour trading range between $395.10 and $371.20.   Portugal,  which is forced to live under the current ECB fiat system,  has taken on a second bitcoin vending machine. Admittedly,  minor news but is still moving the Crypto idea forward.   Ripple Coin has broken thru the US penny value and is now trading at $.01026,  up from yesterday’s trade by about 1775 points as another large amount of US Frn’s are put into the Crypto system.   We’re heading towards a 200% return in a very short period of time which makes us feel that we are still on the right path even though Silver and Gold are still being held down for the sake of the fiat failures.

Grains are mostly higher with Bean Oil and Wheat the negs.   Softs are higher across the board,  and the Live Stock Sector is seeing a good pullback in its trade yesterday and if the past is indicative of future price moves,  then liquidation of positions going into the holiday will continue.   Nothing to fear though because the Twisted Sisters are still chugging along into newer highs because that’s what the Federal Reserve wants.   After all,  it’s their fiat game and they’ve had their way for years.   A spoiled child that usually gets what he/she wants winds up swimming in their own maleficence,  and I think we’re here.

Still to date there is nothing better than to be out of this third party system as the game is being played to keep the sheeple unaware of the events coming down the financial pipeline.   Ferguson has been all over the early morning media circus channels as the banking system gets criticized by just about every country with fees and fines but no jail time (yet).   I still have a problem with a cop and an unarmed man getting killed regardless of the way the “law” is calculated.   I was in the Rodney King riots as the “law” was used.   That event made me realize everyone is on their own, especially when riots occur.   The media has been irresponsible in just about everything they attempted to redirect.   With the riots showing up everywhere on the crazy rock,  Ferguson becomes another brick in the wall between a government that is supposed to represent the people and the government that is about to see a revolution.   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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