| Story Views | |
| Now: | |
| Last Hour: | |
| Last 24 Hours: | |
| Total: | |
Will deliveries in Silver and Gold mark the starting of defaults?
US Dollar is trading at 82.815 down 3 points after dipping down to 82.610 in the early trade. Treasuries have reversed with the Eurodollar trading lower with the 10 year Note and 30 Year Bond moving higher. Crude Oil is correcting after having a $6 rally this week with the trade at $93.00 down 65 cents taking the rest of the Energy Sector with it. Gold is up but barely with the trade at $1,462.80 up 80 cents after it climbed up to $1,484.80 before the London open. Silver is down 26 cents and is trading at $23.915 after it rallied to $24.835 once again before the blimey boys stepped in. Open Interest in Silver hasn’t changed much at all this week with OI now at 157,842 which means the buyers refuse to leave, this is an interesting development seeing how we’re just days away from the First Notice date in Silver. COMEX deposits have been collapsing these past few weeks and there could be a sovereign in there (inside the open interest) standing to take delivery on Silver (and Gold), if true, that’ll shake things up a bit for sure and for certain. Grains are mostly lower with Soy Meal and Rice the only positive trades so far, Softs are mixed with Coffee/Cocoa trading lower, Sugar and Cotton are moving higher. Live Stock Sector is trading positive as the Paper Markets come off point number 3 in a top formation. These technical indicators, regardless of all those tech trader’s, are never really looked at anymore because of the market rigging, but one day (soon) they will foretell market moves like they use to. Enjoy your weekend, keep your metals close 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….
2013-04-26 06:45:24
Source:
