Gold pressured again and Hugo still has no Gold!!

US$ is higher by 21.9 points trading at 75.210 after opening lower at 75.080, Treasuries are still trading in the inverse with short terms higher and long term lower.   Energy Products are taking a breather after a 5 day “we killed Gadhafi” rally with Crude down $1.62 trading at $92.34.   Gold is being pressured as well trading at $1,740.30 down $7.40 after hitting a high of $1,754.0, Silver is trading at $35.235 up 11.3 cents after reaching heights of $35.70 in the Asian trade, all base metals are just as mixed.   Grains are following the dollars lead and are trading lower across the board after yesterdays dismal USDA sales report, Softs are mixed and the Meats are mostly higher.   Paper Market took one heck of a jump yesterday, too bad it was window dressing only, now we are seeing news articles about Gold and those evil people involved with it.   It seems another desperate attempt to keep the masses from buying and holding it.   Regardless, it sure is a hell of a lot safer to have it in one’s hand than it is to trust a banker and his media and besides, Hugo is still without his Gold … have a safe weekend 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….

This entry was posted in Trading Notes. Bookmark the permalink.

Comments are closed.