US$ is still in support mode from overseas with the trade standing at 82.615 right at the top of the trade at 82.635 in the earliest of reports, Treasuries are all trading in the negative pushing interest rates slightly higher. Energy Products continue to give no direction with Crude Oil leading the confusion at $79.37, virtually unchanged from yesterday’s Comex close as we wait for some form of fundamental change to guide pricing. Gold continues to get pounded with the trade at $1,568.00 down $6.90 with a low of $1,565.00,
Silver is down as well with the trade at $26.765 down 27.3 cents with its low at $26.665 keeping all metals in check. Grains are mostly higher with Oats/Wheat flat to lower, Softs are mostly higher as well with Coffee and Lumber the exception, Meats are mostly lower with Live Cattle the only one showing any type of price improvement. Paper Markets are trading like the dollar, getting their support from overseas because it’s the pile that has the least amount of stench. Tomorrow is the start of the G8’s attempt to punish Iran by utilizing the “SWIFT” money transfer system, and will also punish those that do business with Iran, likely Russia, China, India, Brazil and the other BRICS nations. What our deep thinking leaders have really done is isolate the G8 from all the product producing nations from the debt creating nations. Who really needs any more Armani Suits or another Ferrari, or Chevy, Fords, and etc? What we need to do is go back to our roots, produce the products we consume and stay away from any form of debt creation. Thank God our nation still farms or we’d be up Sh*t Creek without a paddle …. Stay Strong!!
Fort Wealth Trading Co LLC.
866-443-0868 Ext 104
Don’t risk what you cannot afford to lose….