As veteran metals trader J.B. Slear reminds us every quarter, this week is typical for the past several years and the worst should be over by tomorrow. With such cyclic and dependable manipulation, it might be wise to consider buying the metals around this time every quarter.

Regards - VHF

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Triple Witch Wednesday has the metals lower

J.B. Slear

March 14, 2012

US dollar continues to astound after being pushed up above the 80 mark, US$ trade stands at 80.235 up 4 points after being pushed as high as 80.440, Treasuries are neutral to lower with the 30 year hit the hardest. Petro Products are flat as well with Crude at $107.06 with its by product Unleaded trading higher. Gold got hammered in the early morning with the trade now down $36.60 and priced at $1,657.60 with a low so far at $1,653.60 which is making a declining wedge chart wise (bullish), Silver is hit as well trading down 53.4 cents at $33.050 which is now forming a consolidated channel, Copper has taken all of yesterday’s rally in this London attack on metals. Gold/Silver charts are pointing to a rally with all my internal indicators trading at their lowest points, the turn higher should happen soon. Grains are mixed to steady, all Softs are trading lower, Red Meats are lower and the Whites Meats higher. Paper Markets are trading flat to Red as well. Tomorrow is usually the point of low in the metals market as we get thru this giant central banker balance act called Triple Witch …. It’s so amazing that our governing bodies don’t see what we’ve all witnessed, but I guess that’s why we call this type of “self regulatory body” a sleeping failure. They (money creators) can’t keep the Credit Derivatives Failure under wraps for much longer … Stay Strong our day is coming