US$ got huge support after the early morning report yesterday from both Europe and China when they cut interest rates to get closer to the USA’s ½% rate which drove the US$ up over 100 points, US$ trade is now at 83.010 with a high of 83.060, Treasuries went higher as well as the supposed safe haven, which is now saturated with longs, gained slightly more today across all years. Energy Sector has been quite violent lately as well with Crude Oil now trading down $2.07 at $85.15, its present daily low, pulling the byproducts down as well. Gold continues to get hammered by the desperate with the trade at $1,593.70 down $15.70 on the “Jobs Report” day, as usual, Silver is down 29.7 cents with the trade at $27.375 pulling the rest of the metals with them. All Grains are trading lower after majors price rises happened due to a hot weather pattern remaining consistent across the Grain Belt, Softs are mixed with Coffee/Cocoa trading lower and Sugar/Cotton trading higher, Meats are all trading higher. The Paper markets are pulling back a bit as we prepare for the well known Gold/Silver beatings on the day unemployment numbers get reported. We use Shadow Stats for our information because their accuracy is closer then the governments numbers. Enjoy your weekend and as always …. Stay Strong!!
Fort Wealth Trading Co LLC.
866-443-0868 Ext 104
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