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Gold/Silver hit again as $billions are needed for hurricane Sandy’s damage
US$ is once again rallied as we get closer to the elections with the current trade now at 80.415 up 27.5 points a few points off its high, Treasuries are virtually flat across the sector as the American populace starts to wake to see what the European markets have done. Energy Sector started to climb in the NYMEX trade and is lower this morning because of the dollar exchange with Crude Oil now at $86.90 down 67 cents from yesterday’s close. Gold is lower with the trade at $1,707.50 down $8.20 a few dimes off the low. Silver is down 24.8 cents at $32.00 after being hammered down to $31.91 in the most obvious signs of manipulation. A 4+ year investigation in the Silver manipulation was to be revealed weeks ago but we expect this has been delayed as well because of this electoral charade where neither candidate will talk about the fiscal problems our country faces. Grains are mostly weaker with Wheat the only one trading higher, Live Stock sector is mixed with Live Cattle and Lean Hogs higher, Feeders trading lower. Softs are mostly positive with OJ trading lower under harvest pressure, and our Paper Markets are flat and now starting to move towards a positive handle so we can all feel better about our electoral process regardless the damage and deaths caused by hurricane Sandy and the uncontrolled printers of a debt laden currency. 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….
2012-11-12 17:00:35
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