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Buy Gold/Silver and stop playing financial chicken with the crooks

Monday, August 20, 2012 6:10

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(Before It's News)

US$ continues to be supported during the Euro trading session with the current price at 82.75 up 8.7 points as the other currencies try to gain against the support, Treasuries are losing support in Notes/Bonds but seem to see the support in Eurodollars, the shortest termed trading higher. Energy Sector is still focusing on the words of Israel and not usage with Crude Oil up 12 cents trading at $96.13 with the rest of the sector following suite. Gold is down $2.50 with the trade at $1.616.90 in a very tight range in between the low of $1,615.80 and the high of $1,622.20, Silver is up 5.8 cents with the price at $28.06 trading in a 20 range with its low at $27.98 and the high of 28.18, the rest of the metals are slightly lower. Grains continue to show higher prices with Wheat the only exception but not by much trading down 2 cents from Friday’s close, Softs are all in the positive, Livestock sector is closed till the Chicago open, Paper Markets are trading weaker as well but barely in what seems to be the calm before the storm. These markets with their rules are structured to keep a dead paradigm alive, those that wish to keep the system going have created a bottomless pit under their prosperity with no support left to hold the weight of ill gotten gains. The game will reset in the near term and we still feel the only safe haven in having precious metals in your physical possession, and if you’re crazy enough to gamble, Purchased Call Options at least keep you in the game with a specified risk spelled out up front …. Welcome to a mundane Monday …. Stay Strong!!