Did the Silver Signal Fail?
Great and Wonderful Wednesday Morning Folks,
Gold is trading higher just after the London Bop with December’s price at $1,484.90, up only $1.90 after reaching $1,489.60 with the low at $1,482.10. Silver is still signaling with its trade at $17.27, down 11.9 cents and recovering from the London low at $17.215 after the high was made at $17.490. The US Dollar, which no longer has any meaning for wealth building anymore, is at 98.085, up 8.2 points after reaching up to 98.145 with the low at 97.865. Of course, all of this was done by those that cannot survive in a fair playing field, before 5 am pst, the Comex open, and the London close.
In the lands of over printed currencies, we see Venezuela’s Gold priced at 14,830.44 Bolivar, losing another 128.84 in the overnight with Silver at 172.484 losing 3.845 Bolivar. In Argentina, Gold is priced at 86,544.26 Pesos dropping 374.68 with Silver at 1,006.11 losing 18.23 A-Pesos. Over in Turkey, where war has no effect on their currency’s value, Gold is now at 8,771.64 losing 32.01 in T-Lira value with Silver at 101.974 showing a loss of 0.782 in T-Lira value.
October Silver Deliveries are still chugging along with the demand count now at 289 fully paid for receipts waiting for their 5,000 ounces of Silver proving a drop of 50 obligations that carried a Volume of 23 before the close in trade yesterday. As of this morning we see a Volume of 13 up on the board with a trading range between a high of $17.22 and a low at $17.175 with the last trade at $17.185. Silver’s Overall Open Interest gained even more shorts helping to prove the Resolutes are refusing to leave as another 1,264 more contracts were added to the mix bringing the total up to 210,983 Overnighters.
Did you watch the debates last night? I watched about an hour of it and found all I needed to hear before I could hear no more. People who have jobs are still being told how important their taxes are to the government’s employees. These deep stated government employees are still trying to make it (or keep it) the largest employer in our nation with the added bonus of health care (death care) for all. If one listened to the Veritas Video’s before the socialist’s stage their campaigns without the American Flag anywhere AGAIN, one would see how this failing television service was directing the questions and who got the most air time. So, it appears that Warren looks to be their pick to go against Trump.
This is their best bet, a woman who claimed for decades she was a Cherokee with the added bonus that she claimed to have been fired for being pregnant over 50 years ago. To add to this mix, Joe Biden clearly lost all hope and may be the hunted (with 1.5 Billion reasons of proof), as well as Bernie who was still cow towing climate change being 100% man’s fault, totally ignoring the UN climate experts over little Greta and her emotions. The Bern party has clearly ignored all the history of damage this planet has gone through over millions of years caused by meteors and solar bursts that burned up everything all at once. Did we destroy the dinosaurs, or cause the last global catastrophe, the great flood? Are we to take credit for the American Buffalo that showed up after the Mammoths disappeared?
We may be at the moment where the Algo created Silver Signal has failed. Gold is now up $9 with Silver following along and up 4 cents, we have the rest of the day to wait to see if its true. Regardless, we’ll keep our precious metals in hand as the world wakes to the over printed currencies that will force inflation. Deep state is not on our side, that is obvious! With that in mind we hold onto what they do not have in their possession, our physical Silver and Gold, in hand. Keep the faith, and keep a positive thought in the head no matter what, because all things that are being supported by over printing, will fade when the time comes, it may be here now.
Stay Strong!
J. Johnson