Triple Witch Week in Pottersville keeps Precious Metals lower

Today is the start of the Triple Witch Week,  a week long period in which the bankers roll over all their debt instruments into the next quarters run with all Currencies except the US Dollar getting rolled over today.   The December US Dollar contract,  which is now trading at 88.525, is up 18 points,  and closes out tomorrow as the March contract becomes the newly quoted price for all traders and news services.   Treasuries are weaker across the board but our eyes are still on the 30 Year Bond and that Oct 15ths rally to 148 and the subsequent rally that has taken the Federal Reserve almost 2 months to get the entire sector to trade that high again.   Has the Fed been secretly printing more cash to buy up these uncollectables at the same time they claim that QE (or whatever name they call it these days) is over?   The Fed has proven itself to be only a member of the “One World Bank” system and is not a separate entity in any way,  shape,  or form.   It has no integrity whatsoever and needs to go the way of the Dodo.

The Energy Sector is trading in the positive at the present after Crude Oil made a new low of $56.25 in the late Sunday night session but has recovered a little and is now trading at $58.11,  up 30 cents with the rest of the group following along and trading slightly higher as well.   We’re not convinced the bottom has been found yet,  especially after Australia claimed on Friday that one of their major frackers was in liquidation mode with only rumors about the US frackers are on the verge of folding as well after the Phibro demise.

Gold is trading at $1,212.30,  down $10.20 as the usual is applied during the Triple Witch Week.   Nothing new comes from the Fed Res as their old ways are collapsing in on them as we see the Overall Open Interest climb to 373,108,  an increase of some 2,987 contracts in order to push the prices lower using the same old bullshit statement of liquidity injections.   December OI jumped to 881,  an increases of some 484 contracts as these buyers are coming in under the radar to take what they can of the physicals before next month’s delivery period and the closing of 2014.   Comex had delivered only 1 contract so the accumulation in the December months OI bears watching.   Silver is down as well with the trade at $16.875,  down 18.7 cents,  about 8 cents off its London lows.   The Overall OI is at 146,314,  an increase of 1,341 contracts when the price is way below extraction costs.   The December OI is at 383 contracts,  down 14 contracts with zero deliveries on Friday.   We need to add to our little missive that the oddity of the new price limits in the precious metals is being placed just after the Triple Witch Roll Overs are completed.   This is interesting!   These price limits probably won’t be needed for a few months from now,  but we do think there is a coalition and should be noted here.

Bitcoin just can’t seem to get the break it needs to blast higher and for now the trade sits at $351.40,  down $3 from Friday’s quote and inside a 3 day trading range of $359.30 and $347.   The 24 hour volume in Bitcoin is heavy at $15,904,600 and has been increasing since the creation of the Crypto’s over the past 5 years.   Ripple Coin,  Fort Wealth’s latest profit ride,  is trading at $0.017783,  up 309 points from Friday’s quote with its volume at $1,478,510.   These daily dollar movements are things that should get the money writers to realize the change in currencies is weighing more heavily towards the outside the central bank Crypto’s,  but alas,  I can’t even get some of my dearest friends to even accept a $100 risk in Ripple.   Their loss not mine as we’re up over 480% from the lows so far.    Why people don’t see that change is ahead of us and that we are the dreamers that change the world,  is beyond me.   My guess is that decades long comfort is much harder to leave (or see) than not.   It’s obvious to everyone that the Federal Reserve is trying to create a cashless society and why some of my friends are not wanting to get involved with an outside the box Crypto currency instead of waiting for the central bankers control mechanism to come in with even more intruding currency scheme is crazy.   They want freedom from monetary suppression,  but are not willing to see it’s right here and now!

Grains and the Softs are all elevated and the Live Stock Sector continued to drop lower on Friday.   The Meats will open at 9:10 Chicago time and will most likely trade lower to start since Feeders collapsed limit down.   “Nothing to fear” says the Twisted Sisters of the Paper realm.   After all,  the Working Group promises nothing but rallies after the pullbacks and especially after a weekend of no news as the Sisters get ready to roll over as well on Thursday and Friday this week.   At present,  the S&P and Dow are in rally mode and will most likely drag the NASDAQ higher as well.

Still we see change is inevitable with too many citizens in the USA too comfortable complaining about the system but are waiting for someone else to come up with the changes.   I do not believe the Federal Reserve or the other central banking systems will last much longer,  especially when they are the ones that are allowed to lie about anything and steal from the masses at will.   All at the same time,  the people under their control are living in a central bankers “Pottersville” with no hope of escaping.   A mix of the old and new is always good and my personal hope is that we help those willing to see,  move forward as change is 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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