Great and Wonderful Thursday Morning Folks.
It looks like the price of Gold can’t shake off the weight of paper (for now) with the trade at $1,485.10, down $8.10 and close to the low of $1,482.00 with the high to pass at $1,493.60. Silver is still being kept within yesterday’s trading range with the trade at $17.525, down 7.3 cents with the low at $17.436 and the high at $17.645. The US Dollar’s trade is flat as can be with its value pegged at 97.805, up 4.1 points with the high right here at 97.85 and the low at 97.66. All of this was done before 5 am pst, the Comex open, and the London close.
In our emerging markets currency watch we have declines in Gold but increases in Silver values across the board. In Venezuela, the Bolivar now has Gold priced at 14,832.44 showing a loss of 11.98 Bolivar for those that hold with Silver now priced at 175.03 Bolivar proving a gain of 0.748. In Argentina, Gold priced under the Peso is now at 88,605.16, showing a loss of 59.38 in A-Peso value with Silver holders seeing a price of 1,045.57 Peso’s proving a gain of 4.61 in the overnight. Over in Turkey, the Lira now has Gold priced at 8,532.05 proving a loss of 26.97 in T-Lira’s with Silver holders seeing their price under the Lira at 100.66 giving the holder a 0.205 gain in T-Lira value.
November Silver Deliveries, which is suppose to drive the price of the futures, now has a demand count of 46 fully paid for contracts waiting for receipts in order to take Silver from the exchange warehouses, increasing the demands by 31 orders during yesterday’s trades with yesterday’s recorded Volume around 17 (+/-2) by the end of the day. Today’s starting Volume is at 3, either adding to or taking away from the 230,000 Ounce demand now posted up on the board. Hopefully it’s a manufacturer who needs the product, on top of those, who see this metal as part 2 of the first currency of mankind. Regardless of “who”, the Resolute Buyers continue to extract physicals.
Silver’s Overall Open Interest remains elevated but did drop a little during yesterday’s bottoming out with the total count right now at 226,271 Overnighters showing a reduction of 1,261 contracts. Yesterday’s low is still there giving the holders a support level to observe on a chart as we wait for the papered shorts to be shaken from the control over the global precious metal’s arena.
We’re still waiting for more disruptions with Veritas drilling into the televised bullshit artists, who protected Epstein and friends (pedophiles and rapists who reside in banking, politics, media, and royalty) for the past 3 years (at minimum), as well as the DOJ’s investigations, as well as The Schiff and Pelosi Impeachment Report, written by and for the truest friends of the Deep State, that even former heads of CIA admittedly identified as real. So far, none of this has shaken loose the price of Silver and Gold, but based on all written economic history, this bullshit should have exploded the prices over the papers long ago. The prices will rise sharply, once the threshold is passed making us wonder if that “Insurance Policy” has an option or two in precious metals.
We wait with our Silver and Gold in hand alongside the knowledge that things are not as rosy as the actors on the cyclops, politics, and banking, tell us. Their entire platform of disinformation has fallen, we’re simply waiting for the better days when all this, matters to the price of our metals. So, keep that smile on your face, and a positive attitude in the head no matter what, and as always …
Stay Strong!
J. Johnson