Someone slipped another 43 contracts of Silver into the delivery month of December

The US Dollar’s trend has been very hard to describe with the fundamentals being very bearish all by themselves yet with the other fiats being in far worse condition and since they are not the international standard of fiat garbage,  the US Dollar will continue to see overseas support till it virtually pops at the top.   The US Dollars trade stands at 89.42,  up 6 points from Friday’s close as we enter the last full week of trade before we go into the Triple Witch Week,  which all debt instruments as well as fiat currencies are rolled over into the next quarters trade.   Treasury Instruments seem weighted but we know very well that these uncollectables are not allowed to move freely as we still see the 30 Year Bond still trading just above the closing price the day before the October 15^th spike,  a day we still believe changed the world.

The Energy Sector continues to lose value with Crude Oil now at  $64.39,  down $1.45 as we are starting to think that maybe the energies are still looking for a newer low which will happen once we break $63.72,  last Monday’s low.   Syria is claiming that Israel had bombed it’s nation over the weekend,  but as usual,  Israel is silent about the intrusion. With all the bombings,  the threats from ISIS,  and all the other insane ruckus that describes the Middle East policies of the G7,  nothing seems to be doing the job of inflating the energies,  which brings into question,  what will bring inflation back into the Energies?   As for now,  we’re focusing on the collapse of the Shale industry and the created derivatives that supported this attempt to break free from our own Middle East policy.

Gold,  the real currency of this planets population,  is trading higher with its current price at $1,195.20,  up $4.80 and close to its high of $1,196.20 so far.   Overall Open Interest is at 371,147,  up by 1,911 contracts.   December’s OI is down 12 contracts at 1,963,  a small drop as we hope they are deliveries and not settlements in cash.   Even though we hear the statement that Gold is a “Barbarous Relic” it seems more and more countries are repatriating their Gold holdings with Belgium making its declaration last Friday and now Venezuela is claiming it will add more Silver,  Gold,  and precious stones,  to its coffers as its currency is being blown apart by the fiat regime on the verge of its own destruction.   Silver is trading higher with its price at $16.325,  up 6.7 cents and close to its high of $16.385.   The Overall Open Interest in Silver dropped only 8 contracts since Friday and now stands at 144,359.   The December OI gained as we see a total now at 616 contracts,  a gain of 43 standing for delivery.   It seems someone is sliding into the delivery month after the roll overs where finalized on December 1^st making this month more of a mystery … Tres Cool!!

Bitcoin is trading at $368 inside a 3 day trading range between $377.90 and $365.30 as yours truly forgot to post the price during Friday’s early morning missive,  Duh!!   The Dollar volume for the day in Bitcoin is heavy at $12,905,900 as we think nations are getting involved in the “outside Pandora’s Barbarous Box of Fiat” after the US once again proves thru its actions that the Crypto as a viable alternative.   It seems the buyer of the first batch of the newer international trading currency won another bid to purchase some of the remaining Bitcoins from the US Marshals Service takeover of the Silk Roads 50,000 confiscated transaction.   This buyer is going to gift 300 Bitcoins to other entrepreneurs that startup a company willing to look at the crypto currency.   http://www.coindesk.com/tim-draper-wins-2000-btc-second-bitcoin-auction/.   Ripple Coin is trading lower by 183 points than Friday’s quote and is now at $0.013377,  with a 24 hour volume of $2.4 million.   Very impressive dollar data at such an early stage.

Grains are all trading in the negative,  Softs are all positive,  and the Live Stock Sector took a hit in value on Friday and will most likely continue the trend today.   It seems even God’s bankers and lawyers at the Vatican are getting caught up in the thefts as “The Vatican’s top prosecutor has frozen 16 million euros in bank accounts owned by two former Vatican bank managers and a lawyer as part of an investigation into the sale of Vatican-owned real estate in the 2000s,  according to the freezing order and other legal documents.”   http://www.zerohedge.com/news/2014-12-07/pope-finds-100s-millions-euros-tucked-away-freezes-ex-vatican-bank-heads-assets.   The Twisted Sisters of the Paper Realm are showing weakness in the early morning trade but we think the puppet masters will come in and once again bless the blind with another stellar rally out of nowhere as the system will continue till the “Can”,  that has been kicked for so long,  simply disintegrates.

Still we stand in our beliefs that Silver,  Gold,  and the Cryptos,  are the best place to hide ones purchasing power as we truly believe that something wicked this way comes.   With December Silver’s Open Interest adding another 215,000 ounces to the Comex delivery demand,  things could easily pick up from here.   So 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

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