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Open interest keeps gaining in Silver and Gold
The game is pathetic to say the least as we are forced to wait till after the presidential election before they may let the metals go. Today is another example of desperation on the part of the money printers with the US Dollar being rallied while there is no trading going on as most of the American society sleeps with the US$ now trading up 17.9 points at 79.91, why is it trading higher? Well we have to ask a European why, but they’re too busy trying to remove every single non elected official from their burrows and the rest are picketing, Treasuries have reversed with Eurodollars trading flat with Notes/Bonds trading higher. Energy Sector took a hit in yesterday’s trade as we see Crude Oil now trading at $88.23 with the rest of the sector following suite lower, doesn’t that make you all warm and cozy so that you may go out and vote? Not that it really matters anymore, those that see the game knows the correction is here but not allowed to be exposed till later. Gold is knocked down $15.10 with the trade at $1,711.20 after being hit again to a low of $1,706.70, Silver is down as well with the trade at $31.810 after a punch down to $31.650 taking the rest of the metals with them. The best view of what’s happening is inside the open interest, that’s the amount of positions held overnight, as much as the anti-metals traders keep hitting the markets, they can’t seem to scare out too many traders, the open interest keeps gaining and for weeks now. This will not last much longer as more and more people become aware of the calamity just ahead. Grains are all trading in weaker fashion but still within yesterday’s trading range. Livestock market is mostly higher with Hogs the exception, Softs are lower as well as the Paper Markets as we wake again to a market version of “1984″ during the hauntings of All Hallows Eve’s …. 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….
2012-10-23 13:37:47
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