How much political and monetary pressure is being applied to keep our precious metals riders from riding the bull, already staged, and ready to be released?
Great and Wonderful Friday Folks,
Gold is up $4.30 with the last trade at $1,913.20, close to the London high at $1,917.90 with the low at $1,906.50. Silver is up a percent with the trade at $24.495, gaining 28.6 cents, it too, close to the high at $24.59 with the low not that far away at $24.25. The US Dollar, refuses to do anything, even when our election news and accusations, gets corralled by Google, Twitter, Facebook, and Youtube, with the trade at 93.67, down 19.4 points and close to the low at 93.635 with the high at 93.885. Yes, all this happened overnight, before the Comex open, the London close, and before the liability clause, used to protect the big tech companies, which is now up for review, by the supreme court, is decided upon. It appears that these big tech companies are “hiden” real news from the American voters, including Hillary’s email’s and the Wiener laptop evidence. Yet somehow, the truth is sought and found.
Precious Metals prices have reversed everywhere! In Venezuela, the noble metal gained 131.84 with the last price at 19,108.09 Bolivar, Silver is up as well with the last trade at 244.644 Bolivar, gaining 4.844 in the early morning. Argentina’s Peso price for Gold is now at 148,220.35, a gain of 1,164.09 A-Peso’s with Silver gaining 39.04 A-Peso’s with the last trade at 1,897.52. Over in Europe, the Turkish Lira’s price for Gold last traded at 15,198.81, proving a gain of 118.33 T-Lira’s overnight with Silver adding 4.015 with the last trade at 194.588 T-Lira.
October Silver’s Delivery Demands now has a total of 146 contracts waiting for receipts and with a Volume of 83 already up on the board, during London’s time, with the trading range between $24.26 and $24.23 with the last swap at $24.255, up 6.2 cents so far today. Yesterday’s physical draw had a total of 16 contracts swapping hands with no price again, yet Comex closed the delivery day out at $24.193, a gain of 6.2 cents. This makes 3 days in a row that there was no trading range, yet we see all these no price swaps totaling 132 contracts, and as the count is reduced by 6 from yesterday’s post. Silver’s Overall Open Interest lost 1,254 shorts against the physicals leaving a total of 156,884 Overnighters to hold the prices in place.
October Gold’s Delivery Demands now has a post of 1,736 fully paid for contracts waiting for receipts and with no Volume so far this morning. Yesterday’s full Comex/ICE trades had a total of 254 contracts swapping hands between $1,906.30 and $1,889.60 with the Comex Calculated Close at $1,903.20, a gain of $1.90. Of note, the last 221 Resolute purchases, happened really close to the ICE close, which increased the demand count by 40 contracts after some FIFO receipts were given out. The fear is right here as Gold’s Overall Open Interest proves 7,050 more short contracts had to be re-added in order to keep Gold up just a little, while the Resolute Buyers stepped in, giving this morning’s paper total at 557,589 short contracts to go against the physicals.
Last night was supposed to be the second presidential debate, which many believe, there would be no way Biden could compete, without the help of an earpiece. The Chris Wallace bias made the last show spectacularly obvious, since then Trump and team got the bug and got cured, then Team Biden gets sick and won’t compete because their science says there’s no cure. At least that’s their story, and they are sticking with it.
The presidential debate deciders had picked Steve Scully to direct the next show. Alas, he used to be a 30-year C(rime)-SPAN veteran until recently, then he got caught lying about how his twitter account got hacked, and proves he is another one of those, “anyone else but Trump” supporters. No bias here at all huh? Now the cherry on top happened yesterday, when the news came out about Facebook and Twitter censoring the Biden Bombshells, just weeks after the executives joined the Biden Transition Team.
Of course, counter-news-Q had posted a quote yesterday, from Chanel Rion, Chief White House Correspondent for One America News Network; “Just saw for myself a behind the scenes look at the #HunterBiden hard drive: Drugs, underage obsessions, power deals…Druggie Hunter makes Anthony Weiner’s down-under selfie addiction look normal. #BidenCrimeFamily has a lot of apologizing to do. So does Big Tech.
With all this going on, the US Dollar, and our Treasuries, ain’t bucking their writer’s. How much political and monetary pressure is being applied to keep our precious metals riders from riding the bull, already staged, and ready to be released, from the bulls shoot and that 8 second ride of a lifetime? Even our friends at SGT Report, got shut down by Youtube, which just recently became part of the Biden Transition Team, owned by Google. Why is all this happening during the last weeks of the election, and why are the markets not reacting to all this? Or is it, and we just can’t see it because of all the obstructions going on right now?
Have a great weekend, and get out there and vote, in person. How much longer the prices stay in place is anyone’s guess. Yet, to have and to hold, will be proven once again, to be the life line in your personal economy, while the world’s economy gets bucked. Get more while you can, enjoy every moment and find the humor in everything. It will keep you sane in an insane world, maybe. As always …
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