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Printing moves ahead as the metals climb
US Dollar should be getting no support (in a normal world) but with every nation inside the G7 is printing money, so we have a famous conundrum, the dollar is higher with the trade at 81.745 up 22.3 points with a high at 81.830. Treasuries are no different than the dollar as far as direction and quality, however, the shortest termed products have support at present with the 10/30 year products slightly lower. Energy Sector is getting more volatile with Crude Oil now trading at $91.50 up 47 cents after dropping close to $3 in yesterday’s trade, whipping the rest of the sector along with it. Gold had the normal attack in price during the FOMC meeting because the old paradigm claims that Silver and Gold must trade lower to prove what the printers are doing the nation a good turn by printing cash to force their own paradigms. Not even a day later Gold is climbing back up with the trade now at $1,458.40 up $12.20 after reaching a height of $1,459.80 so far. Silver is the same with its trade up 44.2 cents with a price of $23.785 closer to its high of $23.790. Copper took a 1100 point drop in trade yesterday as well but has now gained back 445 points. Grains are mostly higher in trade with Rice the only exception, Softs are mixed with Coffee/Cotton trading higher, Cocoa/Sugar trading lower. Live Stock Sector is trading in the positive as well as the Paper Markets on this day, after FOMC told everyone they have created more jobs because of their policies and the economy is picking up. I reminded everyone yesterday the Federal Reserve is allowed to lie to everyone in order to keep things under control. So today, we get to hear from the European version of the FOMC, I will go ahead and make the prediction that they will say things are getting better and the horribly large unemployed numbers is just a bad data gathering moment and they’ll fix the numbers properly. What a joke, to bad it is affecting everyone when the people who should have no money, simply print more to go against the trades that should be working. We have no fear from this point forward because the masses are now buying up precious metals at the physical level. Which, in time, will trump the money printers into allowing the metals to rise. These US digi-dollars are coming home, as we watch the drop in the dollar’s value today’s little support might be a simple Dead Cat Bounce. Keep buying physical metals, those that are crazy enough to trade, keep it simple, buy Calls only with no spreading and keep this going. In time you’ll be on the ride of a lifetime. In the meantime ….. 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….
2013-05-02 07:45:26
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