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Black Friday with Gold/Silver higher with a falling dollar
US$ is dropping as we wake from out tryptophan delight this early Friday morning with the dollar trade now at 80.640 after going as low as 80.565, Treasuries are still a waste of time with the Federal Reserve’s constant buying of them, it’s almost not worth reporting anymore (for now at least). Energy Sector is flat to lower with Crude Oil quoted at $87.26 down 12 cents with the rest of the sector barely trading in the negative. Gold is higher with the trade at $1733.40 with the open interest in the Dec contract still the highest, Silver is up as well with the trade at $33.40, Copper is trading lower. Grains are closed, Live Stock Sector is trading in the positive, Softs are mixed with Sugar/Cotton/Coffee/OJ in the positive and Cocoa trading lower. Paper markets are in the positive as well as we continue to hear about the “Black Friday” extravaganza in which people will use pepper spray and various other items against their fellow shopper in order to get that big deal. We sit here at the office not caring one bit about the stupidity of it all. Seems many have forgotten the finer things in life that have nothing to do with one’s favorite shopping spot or the sale they say you must show up for. All financial numbers have been dismal for years now and people getting deeper in debt won’t help any form of recovery. Tues is the 27th, options expiration day for the precious metals than the 28th is the last trading day for the Dec contracts in the precious metals where we’ll all see how many contracts will be standing for delivery. This could be explosive (in either direction btw) so we wait and watch to see if we’re to add any more value to Silver and Gold’s pricing. Enjoy your weekend and as always ….. 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….
2012-11-23 14:21:22
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