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Dollar supported as well as Gold and Silver
US$ still has overseas banker support with the dollar higher by 21.7 points with the trade at 80.90 2.5 points from the high, Treasuries are all trading higher as well to keep up the thought that this election matters to the financial situation. Energy Sector is neutral with Crude Oil now trading at $84.85 down 1 penny with the rest of the sector asleep at the wheel. Gold is recovering from the Jobless Claims beating on Friday with a price now at $1,680.50 after trading as high as $1,84.70, Silver took the brunt of Friday’s “we don’t see manipulation” beating and is trading now at $30.95 after going as high as $31.190 with the rest of the metals looking forward to Wed after this election is over. Grains are mixed with Corn/Soy Meal/Wheat trading higher, Soy/Bean Oil/Oats trading lower as the Live Stock Sector waits for the Chicago open. Softs are weaker because of this dollar rally as the Stock Market seems to be heading lower. Over the weekend we’ve witnessed free gas given to NY/NJ areas hit by the perfect storm (most likely an Obama campaign idea) as Romney’s little group dropped 2 billion dollars from the sky over Ohio ( http://www.newyorker.com/online/blogs/borowitzreport/2012/11/romney-airdrops-two-billion-in-small-bills-over-ohio.html#ixzz2BEDyKUfh …bad joke!!) trying to buy a few votes as he pisses off 49 other states for ignoring them with this money bomb. We only have another 2 days before the courts take over …. 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….
2012-11-12 17:00:35
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