Comexian Antics, Bank Failures, and The Power Of Print Failing!
Great and Wonderful Monday Morning Folks,
Gold is trading higher again as we wait for the “Comexian Antics” to start with the December trade at $1,515.20, up $3.80 with the high close by at $1,516.50 and the low at $1,510.80. Silver is up as well and equally unmoving as Gold with the December contract at $18.15, up 9.8 cents with the high at $18.18 and the low registered at $18.045. The US Dollar, which needs to be printed in order for the banks to keep Silver, Gold, and all commodities at bay, is now valued at 97.11, up 6.9 points and close to the high at 97.155 with the low just below the Maginot line at 96.975. All of this happened after daylight savings time, before 5 am pst, the Comex open, and the London close.
Gold in Venezuela is now priced at 15,133.06 Bolivar, proving a gain of 23.97 in value with Silver now priced at 181.273 it too gaining 0.25 of a Bolivar. In Argentina, the Peso has Gold’s value pegged at 90,384.22, a gain of 284.62 Peso’s since Friday’s early morning quote with Silver at 1,082.68, a gain of 2.99 A-Pesos. In Turkey, their currency, the Lira, now has Gold’s value pegged at 8,619.53 Lira, gaining 40.49 with Silver losing 0.554 in T-Lira value with its early morning price at 103.247 Lira.
Once again the “Comexian Antics” are carried forward as we still question the Comex numbers when it comes to the real factor of deliveries with the November Silver Demand Count now at 16 fully paid for contracts waiting for receipts proving a drop of 60 obligations and with no price given all day Friday and so far today as well. Were these demands for physical Silver delivered here, or in London, or is it one of those Comex things that is no one else’s business?
Even with all these deliveries occurring, Silver’s Overall Open Interest continues to gain more shorts with the total count now at 227,969 Obligations proving an additional 2,990 more contracts had to be added to the fray that challenges the physical deliveries, which is still proving our point here. The more supposed physical deliveries, the more contracts get shorted, as the Resolute Buyer keeps taking on the shorts via physicals (and with the help of options?).
The December Silver Options board now has a total of 86,872 purchased Calls proving a reduction of 1,675 over the week with only 279 of these liquidations occurring under the $18 mark, which brings the total (under the $18 marker) to 20,445 that have to be reckoned with as the prices gain bringing in more Call option profits for the buyers and a problem for the sellers. These liquidated Calls may have been rolled over into the further contracts as the January 2020 Silver Calls gained 1,940 in its total of 12,602 with 169 of that total being added under the $18 price. Then we have February gains which now has a total Call count of 4,505, proving the additions of 928 overall with 203 of that overall gain under the $18 marker. Even March 2020 Silver Calls gained 237 to bring its total to 16,471 with 6,024 of these purchased Calls under $18. In addition, there has yet to be another massive purchase of Calls in Silver going out to 2024. The December 2019 Silver Calls are still the anomaly.
Just how bad is the situation when it comes to the confidence and value of our overly printed fiat Dollar? As far as the printers are concerned, there is nothing to worry about, because they can print when they need the digits. However, the last 2 weeks have given us here in the USA, 3 banks going into bankruptcies bringing the total to 4 so far in 2019, and we still have Deutsche Bank and JPMorgan to deal with under the eyes of the DOJ and it’s RICO act. This is a ticking time bomb for sure and for certain.
With bank failings gaining traction inside the USA, the printers in full print, the DOJ investigating the world’s worst market manipulators (so far only JPMorgan and Deutsche Bank), and none of this printed money showing up in the peoples bank accounts or in Silver and Gold prices, we have to assume things are not as rosy as is being stated in fake stream media. Oh yeah, we have Q testing 8Chan now, as the Congressional hearings really start to stink up the election cycle as Beto was publicly beaten at one of his little gatherings.
So far nothing has stopped the Comex manipulations, but they will be stopped one way or the other, hopefully before the December Options come off the board. In the meantime, we sit with our attitudes in the positive, a smile on our face, and physical precious metals in our hands, and as always …
We Remain Resolute!
J. Johnson