fortwealth.com
US Dollar is trading at a high of 83.770, actually down 6.4 points from
yesterday’s close and almost 100 points higher than Wednesday’s end.
The Dollar rally was not because of good things happening in the “land
of the fees”, but because yesterday, the EU desperately cut interest
rates to .05 of 1%. That gives our Treasuries a boost in demand
(they’re trading flat at the moment) because we actually pay a better
return than Europe, about 1/10th of 1% more (what a joke return).
Energy Sector continues to not perform with the fundamentals pointing
to skyrocketing prices, however, the Algo’s have been instructed to
keep the prices low with Crude Oil now at $94.66, only 21 cents higher
with the rest of the sector stuck as well. Gold, which we think did a
stellar job yesterday holding onto its value as the Dollar was
elevated, is now trading at $1,266.60, up 10 cents with a small drop
in its Open Interest (2,992) leaving 368,523 overall positions held
overnight. Under normal circumstances, Gold would have been hammered
$50 on a Dollar rally like we had yesterday. Now the Dollar is way
over bought and Gold way oversold. Silver faired even better in
yesterday’s movements and its trade is now at $19.135, down 3/10ths of a
penny with an Open Interest drop of only 502 contracts leaving a very
hefty count of 161,806 still in the game. We had an increase in
physical deliveries as 39 contracts received their warrants with 4 more
contracts added to this month’s deliveries. Someone is adding
contracts like we did during our delivery period when Silver was at $7
and Gold was at $750, very smart buyer indeed. They don’t have to
wait a month for their receipts. Bitcoin, part of what we call the
Anti-Fiat Team of Investments, is trading $10 higher with its current
price at $488 inside a 24 hour trading range between $497 and $476.50,
Ripple Coin remains steady with its current quote at $0.004854.
Grains are trading mostly higher with Bean Oil the only exception,
Softs are lower across the board because of the rallied American Peso
and the Live Stock Sector is trading positive after yesterday’s Mr.
Toad’s Wild ride finished. The Twisted Sisters of Paper are weaker in
the early morning preparing everyone for the Unemployment Report which
we will already call a bullshit report, because truth is something that
is never used when it comes to a government trying to protect what’s
left of itself. It leaves us wondering what the big scheme will be for
the bankers last theft? Could it be that everyone with money (in
Europe), that transferred as much as they could over to the US within
the past 6 months be set up for a currency devaluation? What would
happen if everyone inside the Western Banking system was to take a 20%
haircut in value within the US Dollar? We have no proof that this is
the plan, that kind of evidence is way beyond our pay scale and since
corporations and banks now have more privacy rights than humans, we
have to run on suppositions and simple thoughts. It would be the
perfect “screw you” bankster moment indeed. We’re not too far from
Shanghai taking over the Gold and Silver pricings and it does seem the
war drums are getting louder as the days go by. The problem now is the
US and British government talking heads can’t seem to offer up any
evidence that Russia has invaded Ukraine and it’s gotten to the point
that no one even believes their governments BS reports of war. Warner
Brothers Media has announced a major release of talent (that’s a joke in
itself) because people have stopped listening to the cyclopean lies and
are actually getting more data from other news services on the
internet, that is, data from reporters who know how to challenge the
bent and partial truths spewed from idiots with teleprompters. Things
are changing that’s for sure, and we feel that holding ones retirement
monies in Silver, Gold, Call Options in Precious Metals, and some
Crypto-Currencies, offers up a more secure future than money in a bank.
Because these banks have given themselves the right to steal for the
benefit of the banks, Customers be damned!! We know a change is coming
and everyday it gets closer to reality, we’re not worried anymore,
because we feel we’re positioned right. In the meantime, have a
great weekend, keep those Precious Metals and Crypto’s close, and as
always … Stay Strong!!
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