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Market Vectors Junior Gold Miners ETF Message Board

  • kbononi kbononi Jan 28, 2013 11:43 AM Flag

    $ UP, METALS DOWN, BONDS lower........PM calls UP

    Yes Sir!! Things are changing fast, US Dollar is supported during the European Session at a price of 79.945 up 12.5 points and only 4 ½ points from its high, but the bonds are being hit again as the entire section is trading lower all at once and for the second day in a row. Makes one wonder if someone is getting out of that so called “safe” bubble (Germany?). Petro Sector is flat with Crude Oil up 4 cents at $95.93 but the rest of the sector slightly lower. Gold is being hammered of course with the trade down $1.0 (April Contract from now on) at $1,657.80 after hitting a low of $1654.70, Silver is down as well with its trade at $30.945 down 26.1 cents after hitting a low of $30.80. The open interest is the key here with 148,000+ still in Silver, which means even though the prices are being artificially brought down, someone with very deep pockets is buying on these dips as well. This is going to end badly for those unclean shorts. Grains are mixed with Soybeans/Meal/Corn trading higher, BeanOil/Wheat/Oats/Rice lower, Softs are mixed as well with Coffee/Cocoa lower, Sugar/Cotton trading higher. Live Stock Sector will open 9:10 Chicago time and the Paper Markets are rallied again for reasons not based on any reality. Buy up precious metals and as always …. Stay Strong!!

    JB Slear
    Fort Wealth Trading Co LLC.

    Sentiment: Strong Buy

 
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