As noted below, quarter after quarter suppression in precious metals is maximized during this period so this morning's NY waterfalls should not be surprising.

Regards - VHF

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Triple Witch Day and Gold and Silver Lower

J.B. Slear

March 14, 2013

US Dollar continues to gain ground, or lose against the rest of the currency war-makers with the trade up 21.8 points at 83.120. Don’t let them confuse you, this is real bad for our manufacturing sector or what’s left of it. Treasuries are all trading lower with the 30 heading leading as more and more nations liquidate and take the cash. Energy Sector is lower with Crude Oil down 37 cents at $92.52 guiding the rest slightly lower. Gold is down $9 with the trade at $1,579.40, $1.20 of its low, Silver is down as well with the trade at $28.68 down 28.3 cents and just as close to its low as Gold is, however, Copper is racing higher. Grains are mostly negative with Wheat the only one pushing higher, Softs are flat with Cotton up 50 points and Cocoa down 9, Live Stock market is trading higher with Live Cattle the exception. Paper markets are trading higher as we continue this charade that everything extracted from the earth is less valuable than the printed paper used to steal all physical values. Triple Witch is today, with the roll over in the Currencies starting Monday and the Treasuries the rest of next week. This will end this 2nd quarter’s sequester as more and more pressure is being placed on the rally in everything physical once people become aware of the worthlessness of paper … Stay Strong!!