If you trade stocks or commodities, God Bless You and Your Strength! If you hold physicals, give a prayer to those that trade…
Great and Wonderful Monday Morning Folks,
Gold is struggling to go green under Britain’s trading period with the December contract at $1,905.40, up 20 cents and close to the high at $1,907.50 and a low not that far away at $1,892.50. Silver must be super valuable because it’s kept under complete lock and key with its trade at $24.385, down 29 cents after being dipped to $24.145 with the high up at $24.765. The US Dollar is up 17.5 points at 92.94 after it made it up to 93.065 with the low at 92.73. Of course, all this happened before the Comex open, the London close, and after a massive Freudian slip, or a real f-up, by Joe Biden when he said he was assembling the “most extensive voter fraud organization in history”. Come-on-Man, where is your correction, if there is one? Just think what would happen if he made a gaffe like this as a president with a nuclear enemy?
In Venezuela, Gold is now valued at 19,030.18 Bolivar, shaving off 8.19 since Friday morning with Silver’s value now pegged at 243.545, proving a bigger price purge as the metal loses 5.094 in Bolivar value. Argentina’s Peso price for Gold is now at 148,800.05 showing a 429.97 A-Peso reduction with Silver being dragged down to 1,904.00 A-Peso’s reducing its value by 37.48. Turkey’s currency is the only one allowing a price rise with Gold gaining 104.46 T-Lira with the last trade at 15,356.45, yet Silver still “isn’t allowed” a price rise with its last trade at 196.488, down 1.942 T-Lira from Friday’s close.
October Silver’s Delivery Demands have had no additional purchases since last Wednesday with the count now at 2 and once again with no Volume up on the board so far today. This would be an ideal time for Mr. Resolute to pop in a quarter million-ounce order since the delivery boys have nothing else to do but wait, after they delivered 2 contracts leaving 2 orders on hold for at least another day. It must be really hard to pick which set of 1,000-ounce bars, brought in from all those new Comex smelters, to give to those last standing orders. Even though no physical purchases have shown up for Comex Silver, the papers are, as another 649 short contracts got added bringing the Overall Open Interest to 159,440 shorts against the physicals.
October Gold’s Delivery Demands now has 564 fully paid for contracts waiting for receipts and with a Volume of 84 up on the board with a trading range between $1,897.80 and $1,893.50 with the last buy at $1,897.60, down $4.40. Friday’s full day of activity happened in between $1,913.30 and $1,896.20 with the last swap at $1,902, a gain of 90 cents that had a total of 287 swaps, helping to reduce the demand count by 402 that may have gotten receipts somewhere. Gold’s Overall Open Interest lost 3,445 paper contracts, bringing the count to 557,787 Overnighters. How can the OI drop in Gold when the demands continue, with no new orders in Silver, yet it’s paper count rises?
Today Judge Amy Coney Barrett should be elected as the next SCOTUS, after Sunday’s successful procedural vote. We are now seeing the last set of data blockers that need to be removed to get the information out to the people so they can see what has been going on inside and away from prying eyes. These appointed and not elected people, have been intentionally sitting on data that would prove either the hoax was Russian or Democratic but will not release anything. Just like that former NYSD Geoffrey Berman ‘because he refused to drop Prince Andrew from the Epstein Investigation. Now President Trump promises he will ‘immediately’ fire FBI Director Christopher Wray and CIA Director Gina Haspel, along with Defense Secretary Mark Esper for doing nothing but sitting on data that should have been released over a year ago. If Trump was truly guilty, this data would have been used instead of Christopher Steele’s Fake Dossiers four years ago, so what is it they are intentionally sitting on? Could it be another Weiner or Biden laptop full of evidence?
Still we sit with physical precious metals, while all this crap gets played out. Even though margins have been raised 2 times within a month, it will not stop the physical buyers from buying, it will only keep small speculators away from the arena where the biggest profits are to be made because of leverage and control. If you trade stocks or commodities, God Bless You and Your Strength! If you hold physicals, give a prayer to those that trade against the proven central manipulators, keep that smile on your face and enjoy the ride. As always …
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