Keeping the Precious Metals in check is getting harder and harder each day

The US Dollar doesn’t seem to be acting like it should these days,  especially with the Federal Reserve’s (and friends) never failing continual support for this dead fiat.   Yesterday’s trade swing was over 100 points from the high to it’s low of 88.15 before they got control over the falling price and was able to close the currency down by 35.2 points.   The trade is still weaker with the current price at 88.680,  down 1.7 points as we await inventory data in tomorrow’s news reports.   Treasuries are elevated with the only reason being the buyers of last resorts “representatives” doing their thing without asking if we want more of that burden.   The failing price of a currency is something everyone will have to deal with when it comes and it promises not to be pretty.

The Energy Sector continues to show more signs of weakness but has yet to cross over yesterday’s low with Crude Oils trade at $62.71,  down $1.11 in the early morning with the rest of the sector posting negative numbers as well.   The falling prices won’t fully show up in time for the holiday sales and the devaluations will mess with everyone’s bottom line in the Fracking industry and the supporters of this process.   All we need now is a terrorist attack in the Middle East to shock the markets and really screw things up.

Gold blew thru so many of those unwritten limits in yesterday’s trade as we saw the precious metal go from $1,199.50 up to $1,239.50 in another amazing days trade as it seems to be waking up the sector.   Today,  we sit again as we watch the Central Bank Cabal control the prices because one of the rules in this sector is the “No Follow-thru Law” as Gold sits at $1,226.50 down $5.50.   Overall Open Interest in Gold is now at 377,314 as 7,725 new positions had to be brought in to keep Gold from exploding higher.   December’s OI is now at 1,087,  a drop of 876 contracts with 753 of those getting their receipts for delivery,  meaning 123 settled for cash or got delayed.   So far there has been a total of 2,604 contracts delivered equaling 260,400 ounces out of the Comex.   Silver has been held in check as well with its trade at $17.020,  down 11.4 cents after yesterday’s stellar move from a low of $16.29 to its high of $17.23.   The early morning trade in Silver did post a new high but still we see the contempt the central banks have towards real money as their world spins out of control.   The early morning Overall Open Interest is at 145,726,  a gain of 1,697 contracts in order to keep things steady.   December’s OI is at 575 losing 41 contracts in yesterdays activity.   To date we have a total of 582 contracts served so far totaling 2,910,000 ounces.   The last two months of activity is pointing to some real volatility, and at these super low prices.   Very exciting activity indeed and to me it points to a real sharp rally as it seems obvious the holders of these long positions that refused to leave over the past 8 months are about to have their day in the Sun.   We may have witnessed what happens when there are no sellers of positions as the shorts attempt to buy back their positions to exit the trade.   Air Pockets baby,  and there may be plenty above this price!

Bitcoin is steady in the early morning with its trade at $352,  up 50 cents from yesterday’s quote inside a 24 hour trading range between $369 and $344.   Ripple Coin just keeps on impressing us with its trade now at $0.015873 up another 748 points for the day.   So far Ripple is up about 480% from the low and a penny and a half is still a wonderful price to jump into while the US Dollar goes funky on everyone.   This Crypto could be another big winner like Bitcoin was in 2013.

Grains are mixed across the board,  Softs are all trading higher against the falling Dollar,  and the Live Stock Sector got a bit choppy with the Feeders and Live Cattle trading higher with the Hogs falling in value.   We’re witnessing once again the Working Groups support for the Twisted Sisters in yesterday’s trade as the 3 started dropping hard before the supporters came in to once again help those that buy on the dips regardless of the fundamentals.   Their hands must be full with all the Algo’s flashing red lights as their limiters are reached,  breached,  then brought back into the “required trading ranges” needed to control their ideologies.   This can’t carry on much longer without an Algo’s computers frying from the heat.

Still we see our suggestion of buying and holding Precious Metals and Cryptos as a way to help one keep their purchasing power intact while change is showing up everywhere.   Now we see the banks charging people for keeping their money in accounts totally skewing what we used to believe.   Money in the bank now gets a charge where it used to pay interest.   So why not take that savings or unused money and buy into physical Silver and Gold along with some cryptos?   So keep them close at hand 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.