Silver and Gold recover in grand fashion from its Sunday night hit

The frustrations surrounding the US Dollar are getting a bit bigger each and every day with the trade at 88.125,  down 28.8 points just off the low of 88.060.   Sales over the Black Fridays “push to spend” fell 11% and the internet sales fell hard as well.   It doesn’t seem to matter how bad it is for the average Joes in America because we don’t live off the support of the debt system that seems to have control over everything we do.   At present US Treasuries are still being bought up by London’s system of support.   Why?   Who really knows anymore?

OPECs meeting caused one heck of a collapse in the Energy Sector with Crude Oil from falling from  $73.56 on Friday down to today’s low so far at $63.72 with the trade right now at $65.52 down 62 cents with the rest of the sector collapsing as well.   All OPEC really did was say “no change”  but the collapse came in anyways.   This spells how bad it is out there in the investment and employment world,  but most people won’t understand the effects of what just happened and don’t seem to care (till their jobs become affected).

Gold was really hit hard at the Sunday night opening with the low now at $1,141.70 before the recovery brought it back up to $1,173.50.   The price is down only $2 after the Swiss Gold initiative vote was brought out much earlier than expected.   Overall Open Interest is at 376,332 this morning,  a drop of 1,127 contracts with the delivery month of December showing 4,540 contracts with 582 contracts receiving their receipts of delivery on Friday.   Still very large delivery numbers as Comex and London become the targets to buy from as the numbers drain away from their inventory.   Silver is now trading at $15.73,  up 17.4 cents after being forced down to $14.155 before the buyers came in.   Silvers overall OI stands at 152,804 contracts,  a loss of some 1,183 contracts from Friday and down only about 23,000 contracts from the life of contract high in OI.   The December contracts OI stands at 1,752 contracts after 1,614 contracts received their warrants for delivery.   These delivery totals equate to 16,830,000 ounces needed to meet demand,  if a buyer comes into the December delivery month and adds more contracts,  the possibility of a rally is still can surface in a surprising way.   We continue to buy Call options in Silver,  regardless of the number posted as a price.   Demand is stripping all inventory.

Bitcoin is trading higher than Friday’s quote with the trade at $378.20,  up $14.60 inside a 3 day trading range between $386.60 and a low of $360.60.   No real news has surfaced of late for the mother of all Crypto’s but the value still holds as the central banking system throws everything it can at it to try and make it look worse than what they have done to their fiats.   Still the Crypto stands with its middle finger aimed directly at the old and barbarous relic called the central banking system.    Ripple Coin finally is pulling back after a major rally as we watched in amazement when Fort Wealth’s recommended buy,  rallied up to $0.01645 before coming down with its trade now at $0.01202.   We’ve taken a lot of heat for suggesting a Crypto-Currency,  mostly from those who are afraid of change and who will never get involved with anything new.   But this currency has clout and is still the second best Crypto-Currency out there and will most likely become the leader once Gold backs the currency as described.   It’s time for the refusniks to change from the horse drawn carriage and to migrate to the automobile,  if not,  they will eventually be forced into getting into it at sharply higher prices as the fiats waste away in decay.

Grains are flat to weaker with no direction,  Softs are unchanged which something I haven’t seen in a while,  and the Live Stock Sector was split on Friday with Live and Feeders climbing higher slightly,  with the Hogs trading lower.   Of course the Live Stock market will open at 9:10 am Chicago time as we enter a full week of trade.   The Twisted Sisters are showing weakness this morning as low sales showed up during the Black Holiday sales extravaganza which proved the point that people are staying at home because there is no income to buy the toys we used to give our children in the past.

How bad is it?   Well the answers are right in front of everyone willing to see beyond their own oasis.   Car sales are collapsing even when they lowered the standards to get a new car loan.   All one has to do now a days to get a loan is to fog a mirror.   Housing sales,  which only got support from the friends of the Federal Reserve,  which bought up middle to upper class homes with cash so they could rent them out,  is failing as well with some reports posting a 20% drop this past year.   One thing for certain,  the Asian nations not tied to the Federal Reserve are doing far better than we are.

We still stand our ground in the belief that Silver,  Gold,  and the Crypto’s,  are the way out of the fiat system that is sinking everyone with it.   We don’t believe the initial statements about the Swiss Gold initiative and I find it quite usual to see that there are no reports being posted on the “used to be called Major Media Services” like the BBC/MSNBC/FOX/CNN … this tells me something else.   The initial counts should always be recounted and voting should never be done via computer.   Scotland proved another point as well,  It’s not who votes,  it’s who counts the votes that matter.   The exposures of control are changing the belief system for everyone as more and more of the world’s populace become aware of the disease inside the banking system which is on life support with no chance of recovery.   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

Don’t risk what you cannot afford to lose….
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