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Silver/Gold take it easy this early morning
US Dollar is trading at 80.975 up 3.3 points from the Comex close and points away from its high of 81.055, Treasuries are still in flat mode with no movement at all, even after the shock of listening to Sec Treas. Tim Geithner claims to want to raise the debt ceiling to infinity (this guy went to college for this??). Energy Sector started adding value in Monday’s trade and Crude Oil has pulled back 21 cents as of this morning with the trade at $88.77 (Jan contract) with the rest of the sector mixed. Gold is down $3.40 with the Dec Contract at $1,731.0 after reaching $1,736.00, Silver is down 12.9 cents with its trade standing at $33.060 after reaching as high as $33.26 as the rest of the metals wait to see the COMEX opening after margins were reduced. Grains are mostly higher with the Soy complex in the negative, Live Stock is mostly higher with Feeder Cattle it’s exception, Softs are mostly lower with Cotton/Cocoa trading higher, and our Paper Markets are struggling after yesterday’s dead cat move higher. So we wait with added cash in the accounts in the hope that the pullback will be only a few days before the rally re-ignites the bulls attitude in this once in a lifetime rally in precious metals. Silver has yet to even break out of its 1980 high, when everything else (physical) has more than doubled over the years. This leads us to believe that Silver IS the key to the collapse of the entire G8 money system. We also hope this is a wrong assessment for the sanctity of everyone ….. 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….
2012-11-20 07:01:38
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