Precious metals trade lower as God’s bankers find money and Bulgarians raid their accounts

The US Dollar took a turn for the worse yesterday as it seemed the limiters of volatility (aka Algos) seem to have not worked when the Initial Jobless Claims came out when the Dollar took an almost 100 point swing from high to low with the trade now at 88.865,  up 13 points close to its highs so far because a foreign country seems to be helping to control of our nation’s currency.   Treasuries are skimming along it’s artificial plateau as we see the uncollectables Algo refuse to allow reality into play.

The Energy Sector looks like it found a bottom and admittedly the last time I said that in mid-October,  Crude Oil took a turn for the worse and dropped hard again.   At the moment Crude Oil is at $66.35,  down 46 cents with the rest of the sector waiting for a direction to move in.   With the announcement of more retail stores closing during the most profitable holiday season,  it points to the poorest sales numbers in a century.   This can’t be good for the Energies or the Employment numbers,  or our nation’s future

Gold is still being held in check as we witness once again the Central Banker Gang keeping pressures on the real currencies in order for these banks to stay in business.   The trade in Gold is at $1,200,  down $7.70 right close to the lows so far today as usual.   Overall Open Interest dropped a bit more yesterday with the total now at 369,236 down another 2,702 contracts with no deliveries settling out as well.   December’s OI remains at 1,975 contracts standing for physical.   Silver is down too with its trade at $16.385,  down 19 cents and at its bottom thank you London.   The least you could do London is change it up a bit but I guess we’ve reached a point where it no longer matters.   Open Interest in the People’s Money dropped a bit with the totals now at 144,367 down 408 contracts overall with 57 contracts getting their certificates for delivery with the number in the December contracts totaling 573 now.   If I’m doing my calculations proper,  we show an increase of 19 contracts that slipped in for delivery.   If this is true,  then someone is doing what we did in the past.   Which was climb into the delivery month shortening the buyers waiting period.   I sure hope this is real and more buyers step in to blow out the Algo’s that have destroyed all volatility.

Bitcoin is up $1 from yesterday’s quote trading inside a 24 hour range between $383 and $360,  ironically the same trading range as yesterday.   Bitcoin is getting more and more acceptable as the IRS is now looking at ways to tax those that use the Cryptos to transact international business.   This is another point of government acceptance into the Crypto world,  and for those that can see,  it only adds to the global usage.   The volume in Bitcoin is at $14,560,000 so far today.   We’ll be quoting these numbers from now on to show you how much the Crypto world has increased which in turn strengthens the Cryptos as the Fiats go toast.   Ripple Coin is trading at $0.013560,  down 227 points as news comes out that another trading hub is coming online to transact global payments for products. http://www.coindesk.com/ripple-labs-partnership-brings-real-time-transactions-to-global-payments-hub/.   Volume in Ripple is higher today with its total so far today at $2,240,000 and is second place in all the Cryptos, right behind Bitcoin.

Grains are mostly negative with only Bean Oil trading higher,  Softs are mixed to flat,  and the Live Stock Sector was flat in yesterday’s trades.   “Nothing to fear” say the Twisted Sisters of Paper as all three are trading higher to get the sheeple nice and comfortable as they tell the masses that “everything is fine and to ignore the unemployment number jump during the normal time period where unemployment numbers usually drop because of holiday hiring’s.   Ignore Sears sudden closing another 235 stores after Oct’s announcement of closing 100 stores as they laid off 5,000 before Halloween.”   More riots and discontent are picking up as well as the season of joy turns into an almost revolution of rage against global authority.

Bulgarians have started another bank run on its fourth largest debt strewn bank after they had been blocked from their funds for over 5 months after months of investigation proved the bankers where once again breaking laws with impunity. http://www.reuters.com/article/2014/12/04/bulgaria-banks-idUSL6N0TO1FC20141204.   At the same time,  the Church of Rome just so happens to “find” hidden accounts with lots and lots of money,  claiming it raises their overall balance.   A real positive spin on fraudulent accounting practices under the watchful eyes of God.   http://www.reuters.com/article/2014/12/04/us-vatican-economy-pell-idUSKCN0JI1CG20141204?feedType=RSS&feedName=worldNews.

We have been stressing the point that people need to take money out of the banks,  401k’s,  IRA’s,  and all the other various third party schemes for years.   The Bulgarians have just gone thru a 5 month restriction on the access of their money and yet,  We the People,  are still trusting Sheeple,  in the face of true calamity.   Once again we stress GET YOUR LIFE SAVINGS OUT OF THIS BROKEN THIRD PARTY SYSTEM!!!   Buy Silver,  Gold,  and the Cryptos,  while you can.   Take them home and place them nearby,  because each and every day,  the ruckus we see is getting closer and closer to banging on your front door.   Try to have a good weekend with family and friends,  keep those Precious Metals and Cryptos 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.