Great and Wonderful Thursday Morning Folks,
Gold is down this morning with the trade doing exactly the opposite of what it should, with the price now at $1,298, once again below that ($1,300) Maginot line with the London Low right there at $1,295.70 with the high to beat (and it will in time) at $1,310.30. Silver is equally punished for being part of the global economic barometer that works regardless of the game with its trade at $15.24, down 21.6 cents and, of course, right beside the low of $15.21 and the high at $15.47. None of this activity is about the US Dollar or our nation’s weakness within the arena of economics and finance, the Dollar’s value is up 25.3 points, just because of Britain, with the value pegged at 96.765, close to the high at 96.805 with the low that needs to drop a hell of a lot more at 96.475. Of course, all this had to be done while we sleep and while Britain ignores its voters.
Our Venezuelan example of too much printed fiat is showing Gold’s conversion price at 12,963.78 Bolivar, taking back about 87.89 Bolivar from yesterday’s huge gains with Silver now at 152.210 losing even more than it gained yesterday now totaling a loss of 2.546 Bolivar overnight. No matter what currency Silver is calculated under, it is equally as hated by the Empire as much as the Millennial Falcon has been in the Star Wars movies over all these decades. One thing for certain, Silver and Gold will never go away because they are real and the biggest pain in the ass for the failing fiat empire.
We had some huge “going ons” during yesterday’s trade with the March Silver Delivery demands now standing at 197 Obligations waiting for physical proving a drop of 220 contracts being settled either here or in the City of Chaos with a Volume of 4 up on the board so far this morning. The Overall Open Interest in Silver continues to fall, at least during yesterday’s activities, with the total count now at 188,411 Overnighters showing a drop of 1,467 positions with a strong possibility that these same contracts are being dumped back onto the market as the pump and dumps continue till there is no more product to deliver, then game on!
There’s no way to stop the motion that has taken over the markets these past several years as more and more of the game gets exposed with Teresa May doing the only thing she can, obstruct and delay the vote, in order to stay in place. Everything British is now being looked at more and more as the allegations of wrong doing seems to lead directly to a certain banker group that helped create the European Banking System a few hundred years ago, and has helped immensely with the creation of our Federal Reserve Banking System as they now seem to be ready to start consolidating their holdings.
Facebook went down harder than a DotCom yesterday, Venezuelan’s are still without power, currencies and markets are all under the control of a system in challenge, plus it seems Obama was directly involved with spying on a presidential candidate proving a massive fraud that was perpetrated, and we’re to believe Silver and Gold are Bad and the Markets Good? Riiight!! This is why we feel very comfortable staying in place with physical Silver and Gold in hand, a smile on our face, and a positive attitude no matter what is going on. The charts and the knowledge, allows us to ….