US$ continues its obtuse move upward with the current price at 83.975 after going as high as 84.015 as we see the “strong dollar policy” part of the play with our currency being manipulated higher as well as the Treasuries all being forced into the most ridiculous of return ratios. Petro Products are flat to lower with Crude Oils roll over from August to Sept completed with Sept Crude price now at $87.94 a barrel down 19 cents with the rest of the sector as stagnant. Gold is down $3.20 with the trade at $1,574.40 with a low at $1,571.00, Silver is down another 13.2 cents with the trade at $26.910 with a low of $26.830, this too is part of the “strong dollar policy” that has been used to push out this countries manufacturing sector and helped make poor the entire infrastructure of this once rich, moral, and powerful nation, the rest of the sector follows suite lower. Grains are all in the negative territory with Rice its exception, Softs are mixed with Coffee/Sugar trading lower, Cotton/Cocoa are trading higher, Meats are mostly higher with Live Cattle trading lower. Paper Markets continue to get the support from the illicit policy that makes all things cheaper at the expense of the middle class. This policy will end in time, my hope is it will not be abrupt, if that happens, The August options in Gold/Silver come off the table Thursday, with the idea that the metals will stay low till the options expire. We still feel Gold/Silver will go to heights never imagined …. Be long and as always …. Stay Strong!!
Fort Wealth Trading Co LLC.
866-443-0868 Ext 104
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