The fear behind the price finally popped into Gold yesterday…
Great and Wonderful Wednesday Morning Folks,
It’s the final day of the FOMC meetings and Gold is inside a $10 trading range at $1,728.10, up $6.20 and right close to the high at $1,728.40 with the low at $1,718.70. Silver is leading again, in its choppy and sporadic way as it attempts to break free from all that applied calm, with the trade at $17.945, up 15.6 cents with the high – ½ penny away and the low at $17.715. The US Dollar, the topic of today’s FOMC meeting (it’s really about the set calculations against Silver and Gold), is valued at 96.020, down 30.1 points and near its low of 95.975 with the high up at 96.465. Of course, all this happened already, before 5 am pst, the Comex open, the London close, and after the FBI started looking and scooping up the idiots who used social media to brag about the stuff they stole while protesting a wrongful death.
Precious Metals are gaining across the board today. Venezuela’s Bolivar is getting weaker, continuing to make Gold more valuable with the trade at 17,259.40, gaining 110.86 Bolivar since yesterday with Silver now at 179.226 Bolivar finally gaining 1.049 after several days of applied calm. Argentinians are now paying 119,413.93 Peso’s for 1 ounce of Gold proving a gain of 1,164.14 with Silver also showing a 10.87 A-Peso gain with the trade at 1,239.99. The Turkish Lira’s price for Gold now sits at 11,734.46, proving a gain of 53.32 Lira with Silver also gaining 0.49 of a T-Lira with the last trade at 121.854.
June Silver’s Demand Count now sits at 11 fully paid for contracts and with no purchases made in the early morning as we wait for Mr. Resolute to make his mark once again. Hopefully he’ll be here just before the Gods of Print bless their own against the mass of investors they could not beat if they didn’t have control of the print. Yesterday’s delivery activity occurred at one price, $17.83 with a Volume of 1 with that adjusted price settled down at $17.774 as 14 buyers finally got their receipts. The fear is showing up behind the price as the Overall Open Interest continues to climb in order to keep the calm with the short trades adding another 3,788 contracts bringing the count to 175,237 Overnighters.
June Gold’s Delivery Requests now sit at 3,970 fully paid for contracts and with a Volume of 35 already posted up on the board inside a trading range between $1,724.80 and $1,716.10 with the last trade, of course, at the high. Yesterday’s final trading range occurred between $1,720.90 and $1,692 with the last trade (I could see) at $1,712 with the adjusted close higher at $1,714.70 with a final Volume of 690. Only 100 buyers got receipts during all that activity. The fear behind the price finally popped into Gold yesterday as 5,845 short contracts had to be added or Gold would have a much higher value than it is now with the total Short Vs Long reaching 475,987 Overnighters (buyers and sellers holding their positions overnight) on the first day of the FOMC.
As time rolls by, we continue to see the intrusion against truth in reporting as the Chinese Propaganda outlet called “China Watch”, paid millions to the Washington Post and the Wall Street Journal over the years, to run advertisements made to look like news reports. Then we have something very interesting, if true it’s a huge WOW, about ANTIFA management being picked up on the streets as they are walking, leaving the underlings in absolute fear as we once again state, how difficult is it to understand “we have the servers”? It may be time to Q the videos. Those that follow and believe in law and order, may be finally seeing it occur, but don’t expect the media to tell you about it, they are commercially compromised to not be truthful.
More and more people are bypassing all proclaimed media and are going directly to the sources, such as the White House Press meetings to hear the Scorched Earth Tongue of Kayleigh McEnany. It’s amazing to see how the presstitutes act now after trying their best to ask loaded and stupid questions. Many are also going directly to the president’s tweets as well in order to get what our legally elected is trying to do while the press proves it’s been on the side of foreign nations against our country and its people.
We sit with physicals, outside the financial mess called the markets, controlled by a (not really federal) Fed Reserve, that may have been swallowed up by the US Treasury. Then the compromising media, which is advertising pure bias claiming its news when many of us remember what news used to be, just the facts presented without bias. Have a great day! After all it’s all up to you to do so. Keep the faith, and a smile no matter what, because we are still right here, keeping watch, we believe higher prices in Silver and Gold are coming, because it’s a real product that fiat was made to trade against ….
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