US$, after plunging over 130 points on Friday, gets support during the overnight trading which now puts a 81.980 point value on the currency, up 23.2 at its high of 82.990, Treasuries are reversed with the short termed Eurodollar trading lower with the Notes/Bonds trading higher. Energy sector is down after Crude Oil jumped over $7 on Friday at $84.96 and is now trading at $83.65 a barrel dragging the prices of Energy products lower. Gold is down $14.60 trading at $1,589.60 after Friday’s almost 4% rally, Silver is down as well after Fantastic Friday’s move up, the current price of Silver is at $27.250 down 36.2 cents keeping all base metals in check. Grains are still gaining after a heat wave covered most of the nation’s growing area over the weekend leading all staples higher, Softs are mixed with Coffee/Sugar trading higher, Cotton/Cocoa lower, Meats are not open yet. Paper Markets are trading higher adding gains to Friday’s rally but leaving many traders to ask, why is there no carry thru on huge rallies in Silver/Gold/Petro and a major dollar dip? We here at the Fort understand why the obvious support is going on, but also are aware none of this can continue indefinitely, fiat currencies were never meant to last. So we continue to suggest people who wish to keep their retirement savings purchasing power intact, to keep it in physical Gold and Silver. This offsets the over-printing of money which in turn devalues the purchasing power of the printed currency … Stay Strong!!
Fort Wealth Trading Co LLC.
866-443-0868 Ext 104
Don’t risk what you cannot afford to lose….