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Open Interest keeps piling on in Silver
US Dollar trade is weaker in the London Session with the trade down 42.4 points at 82.210 with a low of 82.140 so far today. Treasuries are still split with the short term higher with the 10 Year/30 Year lower. Energy Sector is trading lower with Crude Oil down 21 cents at $94.43 after we had volatile trading in yesterday’s market. Gold is higher with the trade at $1,560.60 up $1.80 after yesterday’s beat down in price, Silver is lower by 4.3 cents with the May Contract at $27.61, pennies from its high so far. Open Interest in Silver has grown to 168,277 contracts which is a 4,800+ gain in trade from yesterday. If this buyer is a sovereign, it’s over for COMEX and it’s price suppression scheme. This is an impressive amount of buyers jumping in during a price attack. This has to have the anti-metals traders scared sh****ss, something they truly deserve. Grains are mixed with Soy Beans and its byproducts along with Oats trading lower, Corn/Wheat/Rice are moving higher as we watch planting delays pop up everywhere in the Northern Hemisphere because of the late Winter activity. Softs are higher with Sugar the only exception, Live Stock Market is mixed with Feeder Cattle trading lower, Live Cattle and Lean Hogs are moving higher. Paper Markets are mostly higher but barely as it tries to add on to yesterday’s new life of contract highs during a time when more people work for the government than there are people working outside the government. Things are coming to point here where the change will be immediately obvious, and truly amazing for those that see. Keep your metals close to the heart 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….
2013-04-11 07:45:35
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