US$ is higher by only 10 points with the trade at 79.200 after reaching a top of 79.270. Treasuries are being bought up in the early expirations and are flat further out. Petro Products are now down another $2.00 with Crude at $78.73. Gold is being hammered again down another $43.20 with the trade at $1,699.30, Silver is down another $3.908 cents with the trade at $32.570 with all the base metals on its trail. Funny thing about this … err … so called correction, “IF” this is a liquidation, why is the open interest jumping? That’s right, OI in Silver increased by 1,000+ …. after yesterdays correction. This is purely HFT at its best, Another tid bit to consider was the lack of sellers in the options. We watch theoretic values like a hawk, no one was allowed to be filled at the theoretic values, but another 40% higher. This is what happened in Dec Silver calls yesterday, sure we got filled today, but why the reluctance to sell? Sure glad our governing bodies are on the ball … btw, does anyone know if Hugo got his Gold? Grains/Softs/Meats/ are taking another hit as well but this correction is rather shallow, the Paper Markets are going nowhere but down as well so what is the “Powers that Were” preparing for? We’ll keep in our options and continue to add more as time passes …. in the meantime … Stay Strong!!
Fort Wealth Trading Co LLC.
866-443-0868 Ext 104
Don’t risk what you cannot afford to lose….