Great and Wonderful Tuesday Morning Folks,
Gold starts off lower with the price at $1,424.10, down $2.80 after being pushed down to $1,414.60 just after the reopening in the night session with the high close by at $1,426.30. Silver is leading again with its trade at $16.445, up 3.4 cents after being knocked down to $16.205 in the night session, with the trade close to the high of $16.485. The US Dollar is also trading higher with the current value pegged at 97.18, up 24 points after reaching 97.265 with the low at 96.985, all this was done sometime before 5 am pst, The Boris win, the Comex open, and the London close.
Our emerging markets currency overview shows Gold losing in all 3 watched currencies with Silver gaining ground. Venezuela’s currency now has Gold trading at 14,223.20 Bolivar, losing 24.97 in value with Silver proving a gain of .349 with its price at 164.244 Bolivar, all this happened even when the lights went out. Gold in Argentina is now priced at 60,385.26 proving a drop in value of 49.67 Pesos with Silver showing a 2.015 Peso gain with the price at 697.362. Over in Turkey, the Lira has Gold pegged at 8,098.83, losing 24.74 Lira with Silver’s price at 93.5341, proving a gain of .364 in T-Lira value.
July Silver Deliveries is the issue and boy what a day yesterday proved to be when it comes to unanswerable or questionable data. Yesterday we witnessed a gain in demands proving 77 more requests for physicals were added totaling 399 fully paid for demands (5,000 ounces each). There are no purchases as of yet in the July Contracts this morning giving us no trading range to talk about yet. However, yesterday’s activities and the numbers, is where it got really confusing; Monday’s Volume totals at the close for July Silver was 161. But the trading range for the whole day in July Silver was a whopping ½ penny. That’s right! All those Volumes traded between $16.295 and $16.290. How’s that for wild eyed commodity trading you’ve all been warned about? Silver’s Overall Open Interest gained 2,029 more Overnighters giving us a total of 233,192 Obligations to keep Silver from doing more than it already has. In time this control will be blown out, which is why we watch so closely.
Needless to say, a lot is going on everywhere. Boris now leads the British government after Teresa May gave a parting shot to the old Russia Russia Russia story, giving us another question; she’s joking right? Tomorrow is Mueller’s testimony and Q has helped Mueller by giving him some guidelines to consider in post 3458;
If AG Barr has access to all classified material, how does [MUELLER] navigate?
If [MUELLER] provides FALSE and/or MISLEADING testimony, will AG Barr be forced to DECLAS all documentation to ensure full public awareness of the TRUTH?
If [MUELLER] defers to the original report but D's / FAKE NEWS push a false narrative 'knowing majority of the public did not watch the actual hearing' will AG Barr be forced to DECLAS all documentation to ensure full public awareness of the TRUTH?
[Be Ready], [MUELLER].
[Be Ready], [JC].
[Be Ready], [Traitors one & ALL].
Thank you for playing.
FISA goes both ways.
There is no telling how all this ends but one thing for sure, precious metals hold value, even when the world is flush with fiat and in transition. If Au/Ag were not so valuable, the data would be far easier to obtain, instead we are forced to deal with the opaque, which tells us precious metals are worth far more than even the banks can say. So hang on tight to the real stuff, keep a positive attitude no matter what, and as always …