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Trying to put the metals traders to sleep
US$ is supported again as we enter Thursday morning in the USA with the trade at 79.190 up 13.1 points close to its high of 79.235, Treasuries have made slight movements in a reversal pattern with Eurodollars trading lower, Notes/Bonds moving higher as we see the Fed intervene again as buyer of last resort. Energy Sector is still range bound with Crude Oil stuck in so much indecisiveness with the trade at $91.88 down 24 cents with the rest of the sector lower as well in what can only be called a very quiet unnerving trading week. Gold is hammered again because it’s the barometer of the world’s economic condition which is not allowed to move higher because of politics with the trade now at $1,742.80 right close to its low of $1,741.90. If you’ve been reading my blog long enough, you’d notice these pricings are always at their lowest when I write, that’s because these prices are made special for the American populace which seems to be asleep at the investment wheel. Silver isn’t as low as Gold, it’s trade is at $32.995 down 23.7 cents with its low at $32.910. Many major traders are claiming the metals won’t move much lower because the physical demands from the European wealthy are creating a bottom in the markets. Grains/Cattle are all moving higher, Softs are mixed with Cotton/Cocoa/OJ higher, Sugar/Coffee lower. Paper Markets are lower as well as we get closer the end of stupid season or what many call the end of the elections …. 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….
2012-10-18 09:20:57
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