These “Resolute Longs” (in Ag) is the hidden issue here
Great and Wonderful Tuesday Morning Folks,
We start our pre-Comex Opening report with Gold continuing to be hit with more short trades with the current price at $1,323.70, down $5.60 and as usual at the low so far at $1,323.60 with the high made before London came in at $1,333.80. Silver is flat, or at the very least, only Sept is trading lower while all the other months are higher with July’s contract at $14.64, up 1/10th of a penny with the low right at the now, at $14.63, with the high at $14.72. The US Dollar is barely moving as well with the trade at 96.775, up 6.4 points and at the high of 97.795 with the low at 97.64. All of this activity was done before 5 am pst, The Comex Open, and the London close.
Our Venezuelan view of Gold under the Bolivar shows another currency attacking real money with its value at 13,220.45, losing another 58.93 Bolivar in the overnight with Silver now pegged at 146.217 dropping another 3.649 in paper value. Argentina’s Peso now has Gold priced at 59,396.27 as another currency is attacking, causing a loss of 233.21 A-Pesos with Silver losing another 2.546 with its price at 656.904 A-Pesos. Even the Turkish Lira is still attacking the real with Gold continuing to lose another 22.14 in Lira value with the price at 7,695.83. Silver under the Lira is pegged at 85.1283, losing .7844 in T-Lira Value.
As mentioned in yesterday’s missive, there were no sales of June Silver or Gold before the early morning report and that continued on all the way thru the end of the Comex trading period with Silver delivery demands now at 3 showing a reduction of one but proving once again, no purchases were done in the Cash markets, which begs another question; if there is no physical trading going on, what is Kitco using to price? Silver’s Overall Open Interest is where our focus has been, (along with the Call options) and for years now, as we see the continuing of a failed strategy moving forward with the Algos adding more short trades with the total count now at 221,880 Overnighters proving an additional 200 more short positions were added during yesterday’s organized attack. AND also proving the Longs are refusing to exit at these prices, even with these added organized price drops. These “Resolute Longs” are the hidden issue here, if they do not exit first, the shorts will have to, and then, fireworks!
It appears our DOJ is now finally looking at the “NGO’s” and “I”s, as it is investigating several "non-governmental organizations and individuals" in its "multifaceted" and "broad" probe into alleged misconduct by US intelligence agencies surrounding the 2016 US election. This sounds to me like the Judicial Watch group, along with those forensic auditors, got Congress to review its 501C filings, with the Clinton Foundation’s only request, being the building of the Clinton Library. Everything else is considered illegal under the eyes of the law because the Clinton Foundation arrogantly refused to apply for any required filings in order to do anything else, including helping out the very few they selected in Puerto Rico and paying for Fusion GPS’s Christopher Steele report. 501C’s are the start of the Clinton Collapse and will be looked at as more and more of these Non Profit People get reviewed for profiting when they shouldn't be under the 501C exemption.
We still have border discussions with Mexico as they are withholding the evidence our country men want when it comes to who is sponsoring these planned and organized invasion of illegals with the Mexican government refusing to name the international figures bankrolling migrant caravans. All they are really doing is stalling. We are accumulating all the data from a bunch of other sources, blockchaining the process by finding and locking in all the data points, even with the refusal of a government to help. Who can hide with all the computerized figures that can be located anywhere and everywhere in a world where secrets are being revealed? There is a link to these NGO’s, their individuals, and the caravans, along with a government with a wild card in their deck of cards.
Still, the attacks are only proving how right we really are here. These short traders are not getting any of the Resolute Longs out of their positions, even when the precious metals are attacked using multiple currencies at the same time. Nothing is shaking them loose (so far). So we watch, with certainty that our time is coming, where higher prices dictate the issue that there is a real problem with the currencies of the world, and with that, a collapse in fiat. So hang on tight to what is real, keep it real, and as always …
Stay Strong!
J. Johnson