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Time And Volatility Will Pop The Price Of Silver And Gold
April 4, 2019

Great and Wonderful Thursday Morning Folks,  

     The Algomated Shorts in Gold continue to restrict all upward movements with the trade now at $1,293.90 down $1.50 and as usual close to the low of London at $1,293.50 with the high at $1,297.90. Silver is worse off because it needs more pressure to control with its price at $15.01, down 9.2 cents and right at the Maginot Low of $15. The US Dollar is seeing more support from all the activities in Europe with the value pegged at 96.77 up 10.8 points inside a 20 point trading range between the low at 96.605 and the high at 96.805. All of this non-volatility of course happened before 5 am pst and the Comex open. The Venezuelan Bolivar now has Gold priced at 12,922.83 taking back some of the gains it attempted during yesterday’s trade with Silver now at 149.912 losing .899 Bolivar in value.    

     April Silver Deliveries are pressing forward with the demands for physical now at 77 obligations waiting for receipts with Zero Volume up on the board so far this morning. This means 20 contracts were settled out yesterday, somewhere between the Comex and the City of London, where we still have no idea if these receipts that are sent over there actually get settled out in physical, cash, or at all. Silvers Overall Open Interest continues to climb, proving a gain of 1,915 more shorts to stay the price now totaling 201,579 Overnighters as we head towards breaking 245,000 held overnight contracts that were required when Trump won, when he entered office, and when the population of Britain did it’s Brexit vote. In our opinion, this is where it all breaks down, which is why we focus on the numbers behind the price.    

     Italy’s economy is not doing so well these days as the not so united Europeanization populations continue to complain about the EU’s burden placed upon all employment and purchases (income and taxes) as the … Italian stocks tumbled on Thursday after the Italian Treasury once again slashed its forecast for economic growth for 2019.” Then more reasons get added for holding precious metals.. This debt mountain threatens the financial stability of Italy and the future of the euro: Any plans to strengthen the single currency must solve the question of who will bear this burden.” The Euro Leaders of course feel the people should bear their entire burden, but the people no longer want this political union anymore, which is why we hold physicals.    

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