US Dollar is still the Bankrupt 7’s (used to be the G7) focus of support with the trade rallied up 34.8 points at $84.065. They do this while we sleep so most of the sheeple can go on their merry way in life, right into the financial slaughterhouse without a clue. Treasuries got their needed boost in trade yesterday and is trading above their newly created low with the attempts to keep things in the status quo continues. Energy Sector did it’s trick as well in yesterday’s trade by first trading lower, then pulled higher but only after the precious metals closed out at COMEX. Crude Oil’s trade now stands at $95.79 a barrel with the rest of the sector following close behind. Gold is down $8 even with the trade at $1,378.90 and is well within yesterday’s trade. Silver is down only 16.9 cents with its trade at $22.480 and is range bound as well. Many writers are covering the climb in open interest within the spot month and we find it very curious that someone with very deep pockets keeps adding more and more contracts into the May month to take delivery before the first of June. This approach is going directly against what the Bankrupt 7 is planning. The smell of urine in business suites must be prevalent at the warehouses of COMEX. Open Interest in Silver overall hasn’t moved much either and is actually climbing as well with OI numbers above 147,000. This tells me the buyers have not been shaken out of their positions which adds more impetus towards a real change in direction. Grains are mostly higher with Wheat/Rice the exception, Softs are mostly higher as well with Cotton trading lower. Live Stock Sector is all trading in the positive and the Paper Markets are moving higher as well. Beating the metals is all the Bankrupt 7 can do in order to stay in power and I for one, do not trust what these players have in mind. The lies keep piling on as we witness the IRS, central banks, the Justice Dept, and other Governing bodies in charge of keeping corruption out of the markets have failed in every way possible. The fight for survival really is over (for them). So keep adding precious metals to your portfolio and get out of the Bankrupt 7’s currencies so you can enjoy the purchasing power after the failures are recognized. Enjoy your weekend 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….