The Silver “Sell” Signal Is Up Again
May 5, 2019
Good Thursday Morning Folks,
The Silver “Sell” Signal is up again and with Gold trading higher at $1,282.50, up $1.20 and close to the low at $1,280.40 than the high at $1,286.40. Silver is down 9.7 cents at $14.765 with the low at $14.755 and the high at $14.875. The US Dollar is trading at 97.415, up 2.7 points with the low at 97.31 and the high, close by, at 97.49. All of this was done at 5 am pst, before the Comex open, and the London Close.
The Venezuelan Currency now has Gold priced at 12,808.97 losing 78.91 Bolivar overnight with Silver now at 147.465 losing 1.499 Bolivar. The Argentinian Peso now has Gold priced at 57,806.24 taking back a large portion of the previous day’s activity, 600.67 A-Pesos to be exact, with Silver now pegged at 665.422, taking back 10.024 A-Pesos.
The May Silver Delivery requests are now at 366 Obligations waiting with money for the paper receipts to be dished out and with Zero Volume up on the board so far this morning. This is a drop of 133 contracts in the May Silver Delivery system. Silver’s Overall Open Interest continues to wane with the total now at 199,017 proving a drop of 574 Overnighters as we continue to hold onto our manipulated priced physical holdings and the knowledge that things will change in the future.