US$ is finally trading lower with the trade standing at 79.750 with a much lower low so far today at 79.325, Treasuries are supported across all years at present. Petro Products finally took a decent hit yesterday but is climbing back with Crude’s trade at $105.57 a barrel guiding the rest of the energy complex higher. Gold is trading higher after one heck of dismal week with the trade at $1,649.00 up $6.50 with a high of $1,655.00, Silver is up as well with its trade at $31.645 up 30 cents with all metals following suite. All Grains and Softs are following the dollar’s fall and are trading higher against the currency’s decline, Meats are lower. Paper Markets are starting to trade higher as we type our missive in closing out a really tough week for many traders. What has us a bit concerned is the collapse of the dollar after Bernanke’s week long hypnotic attempt to get college students to repeat after him “Gold Bad, Silver Bad, Dollar Good”…. I haven’t heard if any of the students laughed like they did when Tres. Sec. Geithner told a group of Chinese students that the dollar was safe. Several websites have posted our charts regarding Silver and Gold which we’re happy to see societies interest. Please view the charts and see if you agree that we’re close to a bottom in metals. http://www.brotherjohnf.com/tag/bottoms/ & http://silverdoctors.blogspot.com/2012/03/jb-slear-bullish-charts-forming-on-gold.html . Have a safe weekend and as always …. Stay Strong!!
Fort Wealth Trading Co LLC.
866-443-0868 Ext 104
Don’t risk what you cannot afford to lose….