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Dollar slides with Gold/Silver gaining in price
US$ continues its drop out of the supported area with the trade down 16.9 points with the price at 82.135, Treasuries are showing minor support with the shortest termed flat with Notes/Bonds weaker. Energies show support throughout the entire sector with Crude Oil up 40 cents with the trade at $92.63 showing continual gain as the saber rattling between Israel and Iran continue. Gold is trading $1.60 higher with the price at $1,617.80 after reaching as high as $1,620.00, Silver is following suit being up 9.7 cents trading at $27.955 after reaching as high as $28.025 guiding the rest of the sector higher as well. All Grains continue to trade higher in preparation of the obvious shortages due this fall, Softs are mixed with Coffee/Cocoa/Sugar trading higher Cotton/Orange Juice trading lower, Live Stocks are all trading higher as well as the Indices as we enter the Tuesday Morning Malay. We find it quite interesting in reading an article from the Financial Times claiming the Silver Market Investigation will end with no convictions and no manipulation in sight, yet on Monday Morning, Bart Chilton claims the report itself was “immature and inaccurate in several respects”. Judging by the way the governing bodies have missed everything that’s been handed to them (too huge a list to post) we can only hope Bart doesn’t get removed somehow from allowing the truth to come out. We (Fort Wealth and Straits Financial) are still in the creation stage of a delivery system that will remove both Silver and Gold from the Comex system and deliver it to the buyers hands, like we’ve been doing since 2008. These things do take time so please remain patient and as always …. Stay Strong!!
JB Slear
Fort Wealth Trading Co LLC.
866-443-0868 Ext 104
817-717-5489
Fax: 817-764-2537
www.FortWealth.com
Don’t risk what you cannot afford to lose….
2012-08-07 07:22:01
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