US$ is up over 70.4 points now trading at 82.810 after hitting a just reached high of 82.880, Treasuries have been reversed with Eurodollars now dropping and Bonds/Notes trading higher. It won’t be long now before we find out that the Treasury is buying up to 80% of the debt it helped create because Europe is flat broke and on the verge of a revolution against their governments austerity decisions. Energy Sector is much weaker because of the strong dollar with Crude Oil being hammered down $2.47 with its trade at $82.35, it’s only a slight benefit to the monumental f***-up when one measures their destroyed life savings against cheaper fuel costs. Gold is down as well with the trade at $1,582.20 down $5.70 after a low was just reached at $1,556.40, Silver is doing the same being down 19.4 cents with its trade at $28.32 after hitting its low of $27.910, this isn’t as bad as it has been in the past because people are seeing thru the charade called the strong dollar, regardless of what the talking heads keep telling us, and are buying physicals on the dips (like this one). All Grains/Softs are taking their que from the dollar and are in the negatives as well, Meats are mixed and confused by it all. Paper Markets are now trading in a negative tone as we get closer and closer to the monetary end game and the Triple Witch Week which is 2 weeks away. Have a safe weekend and as always … Stay Strong!!
Fort Wealth Trading Co LLC.
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