Trump, Silver, and No More American Soldiers Fighting Other Nations Border Wars
Great and Wonderful Friday Morning Folks,
We start the day with London’s usual Gold bop with the price at $1,492.90, down $5.40 after being pushed lower to $1,488.30 and after the high of $1,497.90 was registered. Silver is doing its usual London “thing” too with its trade at $17.525, down 8.7 cents and recovering from its bop at $17.42, this of course occurred only after the high of $17.60 was priced in at the opening of the night session. The US Dollar is dropping as well with the trade at 97.185, down 15 points and right at the low at 97.175 with the high at 97.395. All this was done before 5 am pst, the Comex open, and the London controlled close.
Venezuela’s currency now has the price of Gold at 14,910.34 Bolivar, a gain of 7.99 with Silver at 175.031 also showing a 1.10 Bolivar gain. Argentina’s Peso now has Gold’s value pegged at 86,960.41 A-Peso’s proving a gain of 794.43 Pesos with Silver’s price at 1,020.59 it showing a good 9.21 A-Peso gain. Turkey, a country that finally realized it doesn’t want to fight its neighbors after all, now has Gold priced at 8,633.51 showing a 150.01 loss in T-Lira value with Silver’s trade at 101.354, it too losing 1.759 in T-Lira value.
Our Physical Silver Demand count now stands at 276 fully paid for requests for receipts proving a 41-count drop from yesterday’s activities and with a Volume of 30 up on the board so far this morning with a trading range between $17.47 and $17.465. As mentioned yesterday, there was an order to buy at a 20-cent premium but the seller didn’t take it. Did the Buyer get a better price a day later or is there something else going on here? Silver’s Overall Open Interest gained more shorts yesterday proving an increase of 1,192 more sellers in order to keep Silver from rising even more after that strong buy order came in giving us an overall total of 211,426 Overnighters still in play. Still we wonder, if our Resolute Buyer needs any more product, and if this is for manufacturing purposes, or monetary, or both? Regardless, the elevated Open Interest and the Options Count, is still out there to consider.
No need to add anything more to this week’s data points, Trump is still killing it by filling stadiums with Patriots, declaring No More American Soldiers in constant foreign wars, with a sharp contrast being, the entire Democratic Party of 20 Deep State Candidates, with no flags on stage, who can’t even bus in a crowd. So, enjoy your weekend, keep that smile on your face and a positive attitude in your head no matter what, because your precious metals are out of the markets and in your hands. As always …
Stay Strong!
J. Johnson