| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
Gold/Silver make new highs Sunday night
US$ can’t seem to get the boost it needs to stay as a global currency, especially when there is nothing else the Treasury and Federal Reserve can to support it except print more so that few can profit against the millions, the trade stands at 80.295 heading for 74.00 and below, the high is at 80.345 with a low at 80.170 in a very tight range. Treasury Instruments are mixed with Eurodollars (shortest termed) trading higher, Notes/Bonds moving lower. Energy Sector is mixed with Crude Oil down 23 cents at $96.19 along with Natural Gas, the Crude Oil byproducts are trading higher. Gold was bashed the moment it opened Sunday Night with the trade currently down $8.50 at $1,732.00 close to its low (which was made in the last hour) of $1,731.70, Silver opened up strong and took off above $34 even though it was temporary, it still happened with the trade now at $33.505 down 18.5 cents and close to its low of $32.020 with the base metals all moving higher. Grains are all moving up, Softs are mixed with Sugar/Coffee moving higher, Cocoa/Cotton/OJ moving lower. Livestock sector is closed till the Chicago open, and our Paper Markets look dismal as all are trading lower. The rumors of (Silver) delivery problems in London are still going on and with the movements in precious metals seem to be confirming it, so we re-entered our long positions Friday after the jobs report came out…. Markets are what they are these days, manipulated with impunity, but even the manipulators know the gig is up in time, and we have the time when we buy Call options …… 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….
2012-09-10 05:39:15
Source:
