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Silver is “the only” commodity that is below its 1980 price
US$ is once again trading higher and not based on anything inside the US economic system but because of the steady Euro-banker buddy system, US$ is trading at 82.815 up 28.8 points when only a few hours ago the dollar was negative 4.7 points, Treasuries are starting to look a bit shaky with Notes/Bonds weaker Eurodollars flat to weaker. Energy Sector continues its slow climbing game but always seems to post some negativity during our early morning report, Crude Oil in down 37 cents and trading at $93.06 leading the rest of the sector lower for the moment. Gold is being hammered in what seems to be a desperate attempt to the status qua going for as long as possible, Gold is down $6.3 trading at $1,596.10 after dipping down to $1,592.10, Silver is down as well with the trade at $27.580 with a negative handle of 18.3 cents, no other market runs like this, especially when Silver is the only commodity that is trading below the 1980 price, the only one!! Grains are all trading in the positive as more data is received about the current crop damage, Softs are mostly positive with Coffee the only exception, Livestock are flat to higher. Paper Markets are looking sluggish again as we start our Wednesday morning run up in prices … Stay Strong!!
JB Slear
Fort Wealth Trading Co LLC.
866-443-0868 Ext 104
817-717-5489
Fax: 817-764-2537
Don’t risk what you cannot afford to lose….
2012-08-15 05:28:58
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