Next week should be something to behold!
Happy Friday Morning Folks,
Gold starts the morning off higher with the trade at $1,302.10, up $9.70 after reaching up to $1,304.20 with the low at $1,292.50. Silver is still signaling with its trade at $14.485, down .6 of a cent right by the low at $14.46 with the high at $14.54, inside an 8 cent trading range with the reminder that humans should never short a quiet market. The US Dollar is going nowhere as well, with the trade at 97.995, down 5.8 points with its high at 98.085 with the low at 97.86. All of this activity already happened before 5 am pst, the Comex Open, and eventually a London close.
Our emerging markets view of Gold is showing the Nobel metal to be trading at 13,004.72 Bolivar, a gain of 198.75 overnight with Silver under the same conditions at 144.669, showing the continuing gains of .35 Bolivar. Argentina’s Peso now has Gold pegged at 58,018.87, regaining in “spike fashion” an additional 1,044.390 in Peso value. Silver under the Peso, is now priced at 645.366, gaining 3.332 in value, giving us hope this may be another turning point indicator to ponder that may help us out on the next rush up in price under the strained effects of the US Dollar. Turkey’s ties with the Dissolving European Union now shows Gold priced at 7,626.60 Lira gaining 79.79 in value with Silver pegged at 84.8224, still losing .2228 in T-Lira value.
May deliveries closed out 2 days ago with some of our data being delayed. Once given, it helped clear some of the questions we had as COMEX delivered 216 receipts proving the buy was real, and at the last moments in the scheduling. Now we wonder about those EFP’s to London and what the purpose is there? June Silver’s Delivery demands now show a count of 253 contracts, fully paid for and waiting for receipts and with a Volume of 10 up on the board so far this morning, proving a drop of some 53 obligations during yesterday’s trades. Silver’s Overall Open Interest fell some more during the previous trade with the count now at 212,851, proving a loss of 772 more shorts in order to stay the price.
Apparently the leader of North Korea wants to make everything good with Trump, no matter what. If anyone of Kim Jong Un administration attempts to block anything, that president will remove them from office, by firing squad. We’ll also use a disclaimer here, because we all know the media couldn't tell the truth even if it had all the data. In short, this could be another bullshit story to use Trump’s name instead of someone else’s who was photograph in North Korea (without Trumps permission and from the last administration after Trump was already in office). With Q’s data in mind, I wonder if those that were executed, were part of the global deep state cabal that employed as many deep state employees in every nation they could circumvent. Britain allowed a few GCHQ heads to quit, after they were exposed by Team Trump and the Truth Squads as they prove the links that bind all deep staters together. Theresa May will be next to be trumped next week.
As of this morning, all eyes will be on the global markets washout as a Stunned Wall Street Responds To Trump's Shock Tariff Announcement. Why should they be shocked? Did not Trump openly and publicly say he was going to impose tariffs if the other side played games? Apparently those that write still cannot fathom the fact that Trump is not a lying politician and uses common words instead of the weasel words we've all been forced to digest most of our lives. Today, the Algos have the field as the Global Markets Routed After Trump Tariff Bombshell, Bund Yields Crater To Record Low.
Next week should be something to behold! The Queen, Theresa May, and our president, will be making more history as we wait to see what questions that are asked and who else will be fingered as the game unfolds right before our eyes. All this drama should have moved the currencies sharply lower and commodities sharply higher already, but alas, the Algos have it all under control for now, but it does seem they are losing more and more strength, by the day as the stress of deliveries remove their dried and stored gun powder.
Have a great and wonderful weekend. Stay positive, no matter what is placed in front of you and as always …
Stay Strong!
J. Johnson