Silver Has A Very Nice Set Up Indeed!

in #investing5 months ago (edited)

  Great and Wonderful Thursday Morning Folks,    

      Gold is higher in the early morning with the trade at $1,469.80 up $6.50 with the high at $1,471.20 and the low at $1,461.70. Silver is following with its trade at $17.015, up 10.2 cents after hitting $17.08 with the low at $16.860. The US Dollar, a fiat with a correction that is due in its future, is trading at 98.240 up 1 point inside s super tight trading range between 98.29 and 98.155. All this activity occurred before 5 am pst, the Comex open, and the London close.    

      In Venezuela, Gold’s price now rests at 14,679.63 Bolivar, proving a gain of 29.96 in the overnight with Silver at 169.94 Bolivar adding another 0.252 to its value. In Argentina, the Peso now has Gold valued at 87,617.20 adding a gain of 156.06 in A-Peso value with Silver now at 1,015.70 Pesos, adding an additional 2.66 gain from yesterday’s price. In Turkey, where the currency is the Lira, and their president is at our White House with our President, their currency now has Gold valued at 8,469.36 showing the nobel metal gained 25.84 Liras with Silver gaining 0.2383 with its price now at 98.04 Lira.     

      The deliveries of Silver within the cereal month of November are doing an outstanding job of confusing the issues with the Physical Demand count now at 7 and with Zero Volume up on the board so far this morning. This proves a 20-count drop in demand which is supposed to mean a delivery of 100,000 ounces of Silver occurred either here or in London, with real physicals or paper transfers, apparently whichever they want, with as little information available for anyone else not part of their club.     

      Silver’s Overall Open Interest is still super elevated but did show a slight reduction with 388 positions leaving the field of play giving us 222,242 Overnighters still willing to play. So very few positions left during yesterday’s 22 cent rally with the rest of the shorts on the wrong side of the equation. A Very Nice set up Indeed!    Yesterday was the start of the “Impeachment Parody”! A totally made up storyline of “this is what he meant even though it is not what he said” in the heads of a “failing to communicate” leadership that still does not grasp how few are listening to their ideas anymore. I watched most of it as Mr. Jordan got Adam Schiff to say he doesn’t know who the whistleblower was after all those leaks that came from one side because the other side was not allowed to interview or question the leaker. Not only that, a “star” witness “heard it from a friend who, heard it from a friend who, heard from another you were messing around”. All this is being displayed for everyone, and just before the 2020 election too!     

      What we really have here is a past presidential group of deep state actors doing everything they can to keep the old dying system in place while the people, who voted in a proper election, see their votes being forcefully removed by deep state actors not doing the will of the people. All the people have to do is “read the transcripts” and ignore the actor reading a script from a teleprompter on the cyclops telling you their programmed opinions.    

      Politics is everything, especially when it comes to the confidence of a currency. Deep State is here doing everything the voters are against. Schiff’s Parody, the Federal Reserve Chairman answering questions, basically saying our economy is more awesome than anyone else’s, with no more rate cuts “unless”, then there’s the no information coming from the CFTC when “U.S. representative, Alex W. Mooney, Republican of West Virginia … calls attention to the explosion in use of a mechanism called "exchange for physicals" for settling metals futures contracts in the United States, a mechanism that, Mooney contends, may pose "some danger of a systemic issue" if, as seems to be the case, those settlements are being transferred to European markets."     

      Seems like Deep State is refusing to allow information to flow freely like it should. One day, all of this control will break. That break will appear in precious metals as a major market rally. This is why we continue to strongly suggest one buys and holds physical precious metals, and outside the system due to screw everyone it can. So, keep your metals close, have a smile on your face and a positive attitude in your head no matter what! Remember, Attitude is a Little Thing That Makes a Big Difference. – Winston Churchill …   

Stay Strong! 

J. Johnson