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Actually it’s Wed, but I loved that movie with Russel Crowe. It’s a hard morning for me, I feel like I woke up in a dumpster, and I don’t drink. Might be a fever coming on. Dollar is flat at 80.61, gold is up 4.3 at $1126.6 and silver (The Mule) is up 13.2 cents at 17.470. Petro products are positive but not by much and the softs are throwing out a mixed bag of confusion. Normally, this would be the day where I would suggest people get out of the long side of silver and gold because Triple Witch Week is usually the best re-entry period for these products. But there is a slight dilemma here. We have been dealing with a pullback that might have given rise to a change when it comes to protecting national wealth. Since the onslaught on option expiration and the change of the month, we might see the markets move higher going into TWW. People are starting to ask questions of the CFTC and NFA about the duplicity of the controllers of the Silver/Gold ETF’s, who also are the most overwhelming short positions out there in the futures contract side. There is a major push to proven that these two major investment banks are virtually controlling the prices of precious metals. Time always brings out the truth, I hope I live long enough to see this one. Expect the status qua for today, not much movement beyond these prices…. hope this helps

JB

Good Morning all…. Dollar is strong overseas, most likely because Iceland told Europe to F***-off when it came to paying back England and a few other creditors would built the toxic assets and sold them to Iceland. It makes one wonder how much of a democracy we have in the USA when we haven’t had our voices heard about the illegally built products that were devised by the same people who claim they can fix the problem. It really is coming to a head, this thing called Mal-investment. Why are “We The People” not allowed to set our own course here? OK that’s political for now…… Dollar is at 80.76 at the present up 30 points. Gold is lower at $1117.10, by $6 and Silver is down to 17.065, off by 20 cents. The soft products are all lower, but barely and the treasuries are up. So the fiasco of foreign countries buying our debt is still going on even though China is dumping treasuries. The catchup is occurring and still just a matter of time.  S&P and NASDAQ are trading lower and will most likely start off lower at the opening bell. We have massive debt problems here, FDIC is begging for more bail out money, so these large investment institutions can acquire more of their smaller competitors using what is called “legal means”.
It’s always been my mantra to suggest buying all precious metals on dips, and to not trade till we get transparency back into our system. Hang in their traders, the bull market in metals is not even close to being over. Consider this a second base play….hope this helps

JB

Dollar is down 18.5 points entering into Monday’s trading day. Gold/Silver are up only slightly along with the crude oil and it’s products. S&P and the Dow are also up. Don’t know if you saw the amount of states that are way behind in their tax collecting. Seems there is a certain untruth circulating that people are saving money and not buying any luxury items. If that is partially true, why are more and more people filing bankruptcy’s and when divorces are being processed more and more are not wanting the house they lived in, just their share of the equity? Treasury instruments are having a hard time staying up (which means keeping interest rates low). So we enter the week with a mixed bag of notions, but still, gold/silver are the must haves and houses are like the plague. Hope this helps

JB

We started the day off flat yesterday, but by the time all the “Good” news came out Gold/Silver were knocked down and the dollar was jammed up….this has been the way for years now as the markets calm the people into a gentle hypnotic state. WAKE UP!! More jobs being lost, more foreclosures, and no prospects of newer jobs, is not a good sign for any economy. We are to get the jobless reports today and Shadow Stats will break it down for most to see the real numbers, not the massaged ones created by behavioral finance members of the Treasury. Greece is nothing compared to California’s whoa’s or any other state for that matter. Keep your mind’s eye focus on what is happening here in this country. Many are homeless, more are underpaid, and few are going berserk (thank God it’s only a few). With no hope, I’m certain there will be more frustrations to come. I implore everyone in American to do what every citizen of India does; have physical Gold in possession, not in some bank vault or 401K or retirement plan. I expect more and more retail stores to close because the products they sell are not necessary to survive, most people will be forced to spend all their additional cash on energy and foods. It’s the ugly truth called inflation that will affect everyone’s wallet, if it hasn’t already….. If you need a source for metals purchases, I’m here to offer as much as I can, don’t hesitate to call our numbers…. Hope this helps……Have a great weekend and Stay Strong!!

JB

Good Morning Sunshine!! Always glad to see the dollar being pushed up almost every day just before the general public wakes up in the USA. In the same line of thinking, Gold/Silver are pushed lower. Dollar is now up 10 points at 80.12  and gold is down 4.60 at 1140 April. Silver is at 17.30 May, down 3.4 cents. Softs are mixed ever so lightly, grains are down before the export numbers and the meats are higher…. get ready for some unemployment numbers to be posted tomorrow and also be prepared for the Triple Witch Week fiasco, next week Friday, the currencies start their rollover…..Hope this helps

JB

Yesterdays trading in metals was a given. Gold and Silver pushed right through as the premier currency especially in regards to the almost visual attacks on the European nations currencies. Jim Sinclair s email last night explains how the New World Order will pan out in tying currencies to gold, gold being in a certificate type format. I truly believe this man has the pulse of the global economy coursing thru his veins and he is able to explain the issues clearly. As of this writing, the US$ is being jammed up to unchanged levels after falling 35 points ( to 80.24). Gold reached a high of 1144.4 and Silver’s new high for the week is at 17.21. Gold is always held at 2% when it comes up to rise in price. It’s been that way for years, also follow thru trading is not allowed the next day, so don’t plan on too much excitement in the metals today. Softs are mostly weak and the grains are up, ever-so-lightly. Triple Witch Week is coming! This is where the banks have a chance to do a giant balancing act with their currencies, Paper issues (Indicies), and treasuries. Gold and Silver usually get hammer lower, but since we went thru this already, the drop in price could be minimal….. Hope all this helps

JB

What a confusing day yesterday was eh? The dollar was up real strong. Yet so were the precious metals, which tells me many foreign entities are buying the metals instead of the so-called-safe-paper-US$. If one considers foreign currencies markets, in the big chessboard game of life, as simply pawns in a game only a few are allowed to play, 2 pawns have been removed and the third, fourth, and possibly the fifth, are being setup now to be removed. Iceland is investigating it’s missteps and could lead to the exposure of the real villains in the storyline. Here’s the play by play so far….. Smaller nations are being crushed like that of the Russians, after they entered into the currency trades of the other nations. Once a major loan was given the Russians, to balance out their books, they became enslaved to the Central Banking system. We see a larger group being setup the same way in that each nation will face a small group of deliberate attacks on the nations sovereign wealth till only a few or one is left, currency wise that is….. These nations which are under attack, have no way of protecting themselves….If this storyline is true, the New World Order should be considered a fact. Time will tell, but what a game we play……. US$ is flat at this moment and all metals are positive. Softs are mixed and so are the grains. S&P, DJ, NASDAQ, are all trading higher because we have more manufactured products per working individual than in the past. That doesn’t help this nation much at all, just the markets. In turmoils like this, people are waking up to precious metals and are starting to understand that physical metals, held in possession, has no liabilities …. that is, all one has to do in order to get cash, is go to the coin stores when monies are needed and cash in a gold coin and keep ones purchasing power intact….while everyone else flops around like a fish out of water grasping/gasping for air…… Hope this helps….till tomorrow..peace be with you always

JB

Markets are still in a flux of chaos. The dollar is a temporary safe haven from the problems of the Euro-Currency. Gold is down $6 as of this writing and silver is only down 4 cents. Soft products aren’t buying this fact and at the present are mixed. Coffee was beaten down once again on Friday and is inside its previous trading range. This is possibly a great thing for coffee traders that where waiting for a good entry point. The weekly chart shows coffee is at the bottom of a giant pendant and looks ready to test the upper levels of the pendants formation. Sugar and Cotton are trading higher and Cocoa is lower by 62 points. Copper stormed through it’s upper levels because of the major earthquake in Chili where are large amount of copper mines are at work. The chart has filled the gap created at the open which tells me a correction is due there too. The dollar is still being jammed up to ridiculous levels as if some entity is trying to punish the shorts. With the “Plunge Protection Team” verified by many members within the organization, one cannot disagree with the theory. Markets always right themselves though, all that is needed is time, Hope this helps

JB

The dollar is ending the week off at a lower purchasing power, as are the treasuries. Gold and Silver are flat at the moment, but I will suppose that they will close higher on the day. The surprise in unemployment does not bode well for anything in our once great nation. A jump in the numbers admitted by our government stats only means a much larger number of real unemployed. The idea that a bank has the right to hold your money (earned) an additional 7 days before you are allowed to access it, is not helping confidence either (Citi). Iceland has told its debtors, the ones who created the (unpayable) mess, that there is no debt repay agreement, only makes things harder to understand. But the ultimate questions are starting to surface, and hopefully through that, we can figure a way out of this global mess the bankers and leaders of many nations have created. Most of the softs are flat to higher also, so the bulls of physical products should win out for the day…. Hope this helps your endeavors …

JB

Good Morning Traders! Looks like Bernanke made all things right in his speech yesterday. We can all rest knowing he will bail out all the cities, states, and banks that fail (for a pound of flesh from each American).
I was amused by Ron Paul’s accusations, even as conspiratorial minded as I am. But to get 10 years of data so freely from the Fed Res has me quite jovial. I wonder how long it will take Bernanke to actually give this info to the committee. Dollar is trading higher at 81.10 along with the treasuries. Everything else is red (lower). The dollar is the key to the American fiasco which is following the footsteps of the Wiemar Republic, only now, digital dollars are being created. In order to trade in this environment, one has to have the convictions of JOB (biblical reference). The best way to profit is to take delivery of metals and sit and wait, till the banks are done eating their own. I expect the dollar to trade lower by the end of the day or tomorrow at the latest….. Hope this helps

JB