The Papers Still Control Our Gold & Silver

Silver’s Overall Open Interest is showing why we have lower prices this morning, as an additional 1,073 contracts had to be added in order to…

by  J. Johnson via JS Mineset

Great and Wonderful Monday Morning Folks,

     December 7th is a day of remembrance, for those Americans that fought a questionable war, which changed the course of history. Today, and because of their strength and valor, we still speak English with Gold down $4.30 with the February trade at $1,835.70 and recovering from the low at $1,824.80 with the high up at $1,846.30. Silver went down to $23.63 before it recovered, with the March contract now at $23.875, down 37.8 cents with the high at $24.365. The US Dollar is getting support this morning with the trades value pegged at 90.97, up 27.6 points after the spike up to 91.24 with the low at 90.68. Of course, all this happened before our Comex opens, London closes, and after Rudy Giuliani tested positive for the CCP19, went to the hospital, got the treatment, and is recovering with no problems. Which happened after the media ignored the fact that most of the Trump team got sick, got cured, and recovered months ago, and after the media recently claims 3 former presidents will take the cure after Trump did. What brave souls they are to not be the first. So, why are there lockdowns still being imposed?

     In Venezuela, Gold is now priced at 18,334.05 Bolivar down 101.88, with Silver getting the worst of it by losing 4.844 Bolivar with the last price at 238.452. Argentina’s currency now has Gold priced at 149,917.03 A-Peso’s pulling back 548.38 over the weekend with Silver getting slammed, with the latest price at 1,949.78, losing 35.91 A-Peso’s. Gold’s price in Turkey is now at 14,388.71, losing only 4.75 T-Lira (less than our Comex pullback?) with Silver’s last price at 187.142 T-Lira, losing 2.68.

      December Silver’s Delivery Demands now has 1,462 fully paid for 5,000-ounce contracts standing for delivery and with a Volume of 21 up on the board with a trading range between $24.285 and $23.715 with the last buy at $23.79, down 41.3 cents from Friday’s Comex close and as we still question all those EFP’s (and various other vehicles used) going to London, and if they are used to push the prices lower by putting them back into the system again, instead of taking delivery? Friday’s full Ice/Comex trading day happened in between $24.495 and $24.08 with the last buy at $24.22, up 13.3 cents with Comex closing the day out at $24.20, a gain of 11.6 cents that had a total Volume of 444 contracts getting swapped, yet the demand count fell by only 33 Contracts, which could mean another Resolute purchase happened. Silver’s Overall Open Interest is showing why we have lower prices this morning, as an additional 1,073 contracts had to be added in order to supply liquidity bringing the total to 152,497 contracts to trade against the physicals.  

      December Gold’s Delivery Count now stands at 11,952 fully paid for 100-ounce contracts waiting for delivery and with a Volume of 629 already up on the board with a trading range between $1,839.90 and $1,820.80 with the last buy at $1,830.90, down $5 while the paper still controls the price. Friday’s full day of delivery happened in between $1,847.60 and $1,828.20 with the last swap at $1,837.70 a gain of 90 cents yet Comex closed the day out at $1,835.50, a loss of 90 cents that had 1,213 completed swaps helping to reduce the demand count by 3,012 contracts that got something between here and London. Gold’s Overall Open Interest lost 964 contracts since Friday mornings count leaving a total of 539,640 contracts to trade against the physicals as the Resolutes keep the pressure on the sellers.

      SCOTUS Alito told officials in Pennsylvania to file briefs by the morning of Dec. 8 in response to the emergency injunction petition filed by Republicans seeking to challenge the claimed results of the Nov. 3 presidential election in the Keystone State. Ironically or not, a state that has had more voter fraud in its past than any other state

Georgia’s Secretary of State Brad Raffensperger’s claim of “No Evidence Of Fraud In Second Recount” has been challenged. How can he claim to not have seen the video evidence of ballot counters still counting after the republican viewers and media were escorted out over a month ago? All this is going to make watching the court cases far more interesting as we follow the accusations up the ladder of control.

      Let it all unfold, regardless of the outcome, and while all that is playing on, get more precious metals while one can at these super discounted prices. Everyone in the community may not support the final electoral outcome, but we do live under laws, and those laws have to be followed by everyone, period, or we failed those that fought and bled before us, like those that died on the “date which will live in infamy”. We are, One Nation, under God, indivisible, with liberty and justice for all. A Deep Bow of Respect for our fallen, and as always …

Stay Strong!

J. Johnson

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