Christmas week boredom with the Silver/Gold trading limits in place

The US Dollar is trading at 89.695,  down 14.9 points from the close (but my trading system is claiming the dollar is down 114.5 points from Friday’s close) with the low so far at 89.58.   Treasuries are flat with very little trading going on because of the holiday week with only the front months trading.

The Energy Sector is still stuck with no direction but at least it’s found a sideways trading pattern at the bottom with Crude Oil at $57.22,  up 7 cents with the rest of the sector simply waiting for a direction,  or the end of this week.

Gold is flat as well with its trade at $1,196.10,  up only 10 cents after trading up to $1,203.60 before the brakes where applied.   The Overall Open Interest is at 374,690,  down 151 contracts with the December OI at 584 still waiting for receipts after 144 contracts got served up on Friday leaving 12 contracts either not served or settled in cash.   Silver is flat as well with its trade at $16.080,  up 5 cents after reaching up to $16.175 with its Overall OI at 145,741,  down 603 contracts from Friday’s number with the December contracts at 101 as no delivered contracts being settled out yet.   Today is the first day of the trading limits, and as expected, not necessary yet, but will be in time

Bitcoin moved higher over the weekend with its trade at $328.90,  up $18.50 inside a 3 day trading range between $333.00 and $308.20 helping us out with our thesis that this Crypto is being leaned upon during the Triple Witch Week by the central planners.   Ripple Coin has recovered from a minor pullback as well,  with its trade at $0.025300,  up 4,711 points with the possibility of making newer highs as the days go by.   These Crypto’s are really something to consider.   They cannot be margined like all the fiat currencies,  so their purchasing power stays intact,  something that cannot be changed!!   We’re learning more about Ripple as the days go by.   We mentioned last week that there was a glitch in the “Cold Wallet”.   We could make the deposits into our wallet to keep the coins out of a pirates reach, but could not take any out.  That was fixed over the weekend and we started our process of confirming we can convert our Ripple to Cash. We found they need a few days to transfer back into fiat cash. We’ll let you know when that transaction is completed.   Here is the link to the “on your computer” Cold Wallet; http://download.ripple.com/.   If you are interested in getting involved with Ripple,  send us an email and we’ll help you along (for a fee of $2.50).   We strongly suggest you only have a few hundred US$ involved in the Crypto because,  it is,  after all,  an experimental concept.   If it pans out like Bitcoin,  you’ll be quite happy.

Grains are mostly elevated with Corn and Soy trading slightly lower,  Softs are all elevated in price,  and the Live Stock Sector is closed after Friday’s shakeout rally.  Live Stock opens at 9:10 Chicago time.   “Nothing to fear”,  say the Working Group (again) as the Twisted Sisters of the Paper Realm continue telling the masses the same ol’ thang as the final weekend of Christmas Shopping has cleared up.   Sales data will most likely be BS till after the week and we expect no real data to be allowed out this week at all.   We’ll be here to report any changes as we see nothing but a very slow trading week.

Still we hold truth as sacred and request that everyone take their savings out of this third party system because the risk inherent is not being disseminated anywhere with the exceptions being those bloggers who seek the truth regardless of the claims by the main stream media and their lackey websites.   So keep all your savings in physical Silver and Gold and have some Crypto’s as well,  because they are the future of the planets population.   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.