US$ is still held as the reserve currency from our level with the trade at 83.275 down only 7.1 points after reaching a low of 83.135, Treasuries are still being supported with Eurodollars flat and the Notes/Bonds trading slightly lower. Energy Sector did a pretty good climb yesterday during the COMEX trading with Crude Oil now at $85.88, down 11 cents from yesterday’s close. Gold is up $3.80 at $1,592.90 after climbing as high as $1,597.30, Silver is down 4.9 cents with the trade at $27.395 leading Copper and the base metals flat to lower till more direction comes in. All Grains are trading weaker even though the heat damage cannot be reversed, Softs are mixed with Coffee/Cocoa trading lower Sugar/Cotton trading higher. Meats are lower across the board and our paper Markets are getting support from the overseas buyers. Yesterday, at the close of trade, the NFA froze all accounts at PFG because of a rather large difference of missing funds from U.S. Bank. We have worked our business thru PFG from our beginning and are trouble by the fact that the CFTC has pretty much told everyone the failure from MFGlobal cannot happen again and yet here we are. I feel for the families that are now stuck in a quagmire not of their creation, we’ll get thru like those at MFGlobal because this might be a completely different scenario than what is being preached right now on Zero Hedge. If you have accounts at PFG, please don’t hesitate to call in and we’ll let you know what we know. Events are happening everywhere and on a grand scale, I for one do not want to miss the opportunity of a lifetime in the climb in Precious Metals, these events have a tendency to cause us to lose focus on our objectives, which is to be on the ride up in Gold and Silver, hang in there and as always …. 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….