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Silver Wheaton Corp. Message Board

  • kbononi kbononi Sep 25, 2012 8:09 AM Flag

    metals recover as dollar is flat

    US$ is down 3.2 points with the trade at 79.545 from the high of 79.755 in the mid-night trade, Treasuries are mixed with the short term seeing pressure and Notes/Bonds being purchased. Energy Sector has recovered as well in the “on” again position of war with Crude Oil leading up $1.08 with the trade at $93.04 with the rest of the sector following suite. Gold is up $4.50 with the trade at $1,769.40 with a high so far of $1.771.90 helping to push Silver higher as well with its trade at $34.285 up 30.1 cents with a high of $34.34 so far with the base metals trailing along. Grains are trading flat to higher, Live Stock is mixed with the Red Meats lower and Pork higher. Softs are mostly higher with Orange Juice to exception with its trade sharply lower. Paper Markets sure recovered quite well in what can only be called intervention towards the end of NY trade yesterday, they are still adding more digits to the recovery in the European session of trade although there really is no reason for the rally at present. Things are starting to heat up in the metals sector and our hope is there will be a large group that will profit from the rally. It’s unfortunate most can’t stay focused on any single paradigm like they use to when it came to trading, but that makes the returns more wonderful for those few that can remain focused …. Stay Strong!!

    JB Slear
    Fort Wealth Trading Co LLC.

    Sentiment: Strong Buy

27.03-0.62(-2.24%)Sep 30 4:02 PMEDT