US$ trade stands at 76.960 down 45.2 points after hitting a low so far at 76.850, Treasuries have support more so in the short term then long. Energy Products are mostly higher in the early trade, Gold was higher till we started to type our missives but is now flat with the trade at $1,652.80 with a high so far at $1,666.90 to beat. Silver is flat at well trading at $31.80 down 2.5 cents and flatness across the entire metals sector. All Grains are trading higher with most of the Softs higher with the exception of Cotton, Meats are following Grains higher as well. Paper Markets are weaker in the early transition between Britain’s control going into USA market openings. The CFTC is once again dragging its feet on placing position limits on these so called hedge funds and black box trading platforms though they did pass the law and claim to start the enforcement of it within 60 days, we’ll see, not much excitement posted (yet) but we’re keeping a very watchful eye, By the way, Hugo still doesn’t have his Gold … Stay Strong!!
Fort Wealth Trading Co LLC.
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