US$, the digital presses best friend, continues to climb and for no sound investment reason but is currently trading at 83.940 close to its top of 83.960 as we wake to another confusing day of Algorithm and Black box trading schisms, Treasuries are all continuing to climb as the so called global safe haven reaches high into less and less returns on investments – as the risks of failure continue to accumulate. Energy Products continue to take its que from the dollars movement with Crude Oil trading down $1.19 with the trade at $84.62 with the rest of the sector following. Gold is continuing to fall with Aug Gold’s current price at $1.563.50 down $12.80 with its low at $1,561.30, Silver is down 38.3 cents as well at $26.64 with it low in sight at $26.595 the rest of the complex is following the precious metals failure. Grains are mostly higher with Soybeans trading lower, All Softs are down, Meats are lower with the Hogs higher. Paper markets are falling as well as we see the apparent consumption of our Dollars and Treasuries from Europe go into hyper drive. The amazing part of all of this is the US economic system is on life support with no chance of recovery because there is no middle class to help support any new devices that might make a person’s world a bit better. Who really needs a new car that has a USB port in it, or a faster computer when one can only type (to communicate) at a certain speed? Economy’s run on demand of needed products, when one is saturated in debt, needs become minimal with food and shelter the only exceptions. This rally in Dollars and Treasuries will end the only it can, in a disaster ….. Stay in physical Gold 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….