US$ continues its support from overseas after Thursday’s super dollar rally, the trade now stands at 82.540 up 5.2 points on top of yesterdays 75 point nose bleeding rally because there were 2,000 less people filing unemployment. It’d be funny if it was a joke, but we’re in the worst case scenario because there is no manufacturing of any new product that will help out mankind. Who needs a new refrigerator or car when all there is – so much debt? Treasuries have reversed with the short termed trading higher, Notes/Bonds are lower but are expected to reverse. Energy Products took another hit yesterday with Crude Oil falling down to $78.64 a barrel this early morning forcing the entire sector lower, a real form of deflation. Gold is trading higher at present with the August contract now trading at $1,571.30 up $5.80 against the $40 hit it took yesterday, Silver has recovered as well from a $1.40 hit in yesterday trade with the July contract now trading at $26.85, both are expected to fall more after the COMEX open because of margin calls. Deflation is the one item the Federal Reserve cannot control, so the gearing up to print more money is in the works as we see right in front of us. Grains are all trading flat to higher, Softs are all in the negative, Meats are mixed. Paper Markets are all trading higher but there’s no reason except for the high frequency bullshit. More international banks have been down-graded by Moody’s and yet we’re forced, because of this intervention, to believe that the safest of havens (Gold/Silver) is infected with loses … Something is being prepared for here, whatever it is, we don’t know, but the feelings around the markets …. is very uncomfortable!! Have a safe weekend and … 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….