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Reagan beats Carter and Gold/Silver explode, will it happen again?
US$ is dropping faster than its supported climb as we see the dollar now trading at 79.760, down 22.7 points with a low so far at 79.720, Treasuries are still range bound with Eurodollars higher, Notes/Bonds lower. Energy Sector is higher with the leader, Crude Oil up 69 cents at $86.88 a barrel. Gold is doing well with the trade at $1,720.60 up $8.50 close to its high of $1,722.50, Silver seems to be leading in the early morning of Halloween with the trade up 43.4 cents at $32.255 with its high so far at $32.315, Copper is equally as strong trading 405 points higher. Grains are all in the positive, Livestock Sector is mixed with Live/Feeder moving lower, Lean Hogs trading higher. Softs are mixed with Sugar/OJ moving lower, Cotton/Coffee/Cocoa trading in the positive as our Paper Markets seem to be on the rebound as the right coast dries out and the tallies of financial losses are being ignored because we’re in an election period where the emotions are being raised to a fevered pitch. Blinding most of the sheeple who don’t seem to realize that it doesn’t matter one iota who wins because neither candidate are talking about a crushed economy that has a rigged housing/currency/debt issues that will need to be freed for a real correction to occur. Is the situation the same as it was back in 1979/80 where Jimmy Carter lost to Ronald Reagan? Reagan came in when Gold/Silver was exploding to the heights of the time never imagined. The only difference at the surface was interest rates where at an all time high. This time, interest rates are controlled/manipulated, and this point is the true harbinger foretelling those that can see that Silver/Gold are nowhere near their new life of contract highs. Once things are allowed to correct, the profits that can be accumulated in precious metals will make the 12 year rally, worth it …. 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 17:00:34
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