All Currencies Are Tied Together Within the Central Banking System
April 26, 2019
Good Friday Morning Folks!
Gold is trading higher this morning and is right now at $1,282.90, up $3.20 and right in the middle of its London created trading range between $1,285.40 and $1,278.90. Silver is leading the charge higher with its trade at $15.035, up 7.5 cents with the high at $15.09 and the low at $14.955. The US Dollar has some profit taking going on, by the longs, sending the cleanest turd in the fiat toilet down 5.9 points at 97.86, up from the lowest point at 97.80 with the starting point at 97.95. All this of course was done before 5 am pst, before the Comex open, and the closing in London.
The emerging markets are starting to bubble, a lot, and just under the surface of the primaries, with Venezuela’s new price for Gold at 12,812.96 gaining another 46.94 Bolivar overnight with Silver now at 150.162, a gain of 1.398 Bolivar. Argentina’s Peso price for Gold now stands at 57,807.37, gaining 1,790.71 Peso’s overnight in what can only be labeled as shocking! Especially if one just so happens to be long a precious metals futures contract in the country under that currency. Silver under the A-Peso trade is now priced at 677.464, gaining another 22.759 overnight.
April Comex Silver Deliveries are coming to an end with a show of 1 still up on the board and with zero Volume posted so far this morning. We did have another buyer step into the fray yesterday and was settled out already making us wonder if this one lone buyer (who maybe waiting for his receipt) got stepped over in the FIFO (First In – First Out) of fairness. Also of note, there was a buy order out there totaling 27 demands for physical at $14.875 during yesterday’s Comex trading period and apparently he’s still trying to get something going with a buy order now at $14.925 with a 24 count “Bid” still waiting for a fill. Silver’s Overall Open Interest remains elevated with 214,818 Overnighters still in play proving another 435 positions left during yesterday’s trade.
Bill Holter’s Commentary
Mind blowing when you compare current day to the “heights” of debt at the end of WWII!
— Jesse Felder (@jessefelder) April 26, 2019