Everything is Literally Backwards “1984” Style
May 2, 2019
Good Thursday Morning Folks,
The beatings in Gold carry on, but only because of the centrally planned manipulations ordained by those governing bodies that are supposed to protect us from market monopolies (not of their own creation) as the BS continues, with Gold down $11 at $1,273.20 with the low at $1,271.30 after starting at the high at $1,279.40. A big thank you is coming from the few COMEX buyers who see the only answer to the short game is to take away the manipulators ball during the COMEX play time (physical deliveries). Silver is faring better (for now) with the trade down only 4.4 cents at $14.685 with the low at $14.625 after the late night high of $14.72 started everything off. The US Dollar is barely moving even after yesterday’s wait and see report from the FOMC with the Dollars trade at 97.37, down 4 points with the low at 97.255 and the high at 97.435. Of course all this is done by foreign entities until our trading system kicks in and does nothing the rest of the day.
Venezuela’s violence between factions and the markets reactions are not working like they used to, or should, with Gold now priced at 12,716.09 dropping 109.86 in Bolivar value with Silver losing 2.248 Bolivar overnight with the price at 146.666. The Argentine Peso now has gold priced at 56,321.46, a 537.99 A-Peso loss with Silver being pushed down to 649.662, losing 10.425 Pesos overnight taking back some of those huge gains made last week when Silver went to 692.13. It seems the markets are saying Riots and Violence are bad for Silver and Gold pricings. WTF are Algos doing? Everything is literally backwards 1984 style.