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Silver and Gold rally against the falling US Dollar
US$ is getting harder and harder to support at 83.00 area with the market now showing weakness with the current price at 82.175 down 32.5 points close to its low of 82.085, Treasuries are still weak in the Notes/Bonds but flat at the short termed Eurodollar showing a slowness in the appetite for debt instruments. Energy Sector continues to climb with the saber rattling in the on/off war between Israel and Iran with Crude Oil leading up 57 cents a barrel at $96.54, heating Oil at 3.1098 up 167 points and Reformulated Gas at 3.0441 up 133 points. Gold is adding additional value to yesterdays price with the current mark at $1,627.20 up $4.20 close to its high of $1,628.80, Silver continues to lead with its current price at $28.87 up 27.7 cents with its high at $28.95 with all base metals following the leaders. Grains continue to climb because of the perceived food shortage coming to the planet by wintertime, Softs are mostly higher with Sugar the exception, Livestock sector is trading higher as the board adjusts to the rising feed grain prices. Paper Markets are still getting overseas support for the time being as we enter into Tuesday’s trading here in the states ….. 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….
2012-08-21 08:05:12
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