Great and Wonderful Friday Morning Folks,
The Triple Witch Week is just about over with Gold trading at $1,509.70, up $3.50 after reaching up to $1,514.30 with the low at $1,505.30. Silver isn’t as strong as the Noble Metal but is higher in trade at $17.910 up 2.6 cents after reaching up to $18.040 with the low close by at $17.83. By the way, both lows were in the overnight before the London open. The Almighty and continually upheld US Dollar is now trading at 98.005, up 15.8 points with the high right here at 98.025 with the low we need to see beaten to a pulp in order to compete against other productive nations at 97.735. All of this occurred before 5 am pst, the Comex open, and the London close,
The Venezuela Bolivar now has Gold priced at 15,078.13 Bolivar showing a gain of 5.99 from yesterday morning’s price with Silver now at 178.876 Bolivar showing a loss of 0.15 in value. Argentina’s Peso now has Gold valued at 85,320.50 showing a gain of 127.61 Pesos with Silver now at 1,012.22 gaining 0.19 Pesos. In Turkey, Gold is now trading at 8,606.47, gaining 0.90 T-Lira with Silver at 102.100, losing 0.129 Lira.
September Deliveries in Silver is showing a demand count of 195 fully paid for orders for physical and with a Volume of 2 up on the board so far. There was a bunch of activity in the delivery system yesterday and the Volume was heavy compared to the amount on order, proving the demand count gained 27 more, 5,000 Ounce demands for physical Silver. Today’s trading range for the 2 purchases that are posted up on the board is $17.755 (yes, high and low) as we wait to see what happens next.
Silver’s Overall Open Interest remains elevated and gained some more during yesterday’s attempt to force prices lower with the count now at 211,196 Overnighters proving a gain of 229 more positions as we wait and watch what will happen next as the charade we’ve been covering all these years gets more exposure.
Theodore Butler (I love that first name) posted a great article on Silver that I think should be read a few times because he does have a soft landing approach to the rouge precious metals trading desk at the Morgue, that is after we find out who trained the pet seals to act. The ultimate point we all want is the removal of the control mechanism that has sequestered absolutely all human emotional value from our markets using a computer to outperform the human experience. If this is not done, there is no such thing as a free moving market and no reason for anyone to ever trade again. Rigged is Rigged, it’s clear and concise illegal activity, done by those who feel it is their right to steal using a computer to make sure their positions in trade are never challenged.
Earlier this week, I opined the idea that Trump is channeling Andrew Jackson. At least the situation is exactly the same, with the pit of vipers and those that were already hurt by the charade. I wonder now, how close the Federal Reserve was to JP Morgan’s leadership, after all JPMorgan is a shareholder of the Federal Reserve Bank in NY, which is explained in detail by G Edward Griffin. Another point here is the Working Group on Financial Markets, which was created in 1988. Do we have 2 separate titles for the same group of controllers, where one side “the working group” does not have to keep records of their conversations or activities in the markets? How many times have they crossed over their balance sheets to hide things? Things are starting to get shaky out there in the land of investments. We are finally seeing that the financial world’s stage is being shaken with exposures at the highest levels. The pedophilia and rampant organized criminal elements are being outted, it is truly uncomfortable to see how close these two investigation topics are, could there be links between them? Fīat jūstitia ruat cælum!
We sit on the sidelines with our precious metals in hand. Because of that, we see things in a more comforting manner than those that are stuck like a deer in the headlights with their retirement funds trapped in a system about to change. Keep calm and remain obtuse (annoyingly insensitive), because you are safe, that is if you hold the physical precious metals. Have a great weekend, enjoy the show, keep a smile on your face and a positive attitude in the head no matter what, and as always …