Trust And Follow Your Guts! (TFG)
May 10, 2019
Great and Wonderful Friday Morning Folks,
We start the last day of the week off with Gold trading slightly higher with the price at $1,285.90, up 70 cents as I watched London’s Algos force the natural price movement lower from the high of $1,287.60, as they attempt to push Gold below the low created so far at $1,283.90. Silver was not giving us the sell signal, till just now, with its trade at $14.755, down 1.8 cents at its low of $14.75 with the high at $14.83. These very low price movements are not doing anything to the currency trade as we observe our US Dollar not moving either with the price at 97.135, down 2.9 points inside another tight range between the high at 97.245 and the low at 97.095. Of course all of this was done before the Comex Open, at 5 am, and a few hours before the London close.
The Venezuelan Bolivar now has Gold priced at 12,842.93 proving a gain of 33.96 Bolivar with Silver’s trade now at 147.366 Bolivar, losing only .09 Bolivar cents during the overnight swing. Argentina’s Peso now has Gold valued at 58,187.51 A-Peso’s, gaining back 381.27 with Silver now pegged at 667.655 regaining 2.233 A-Pesos. We post these prices swings in order to keep the traders eyes on point. One day these huge swings WILL occur in the primary currencies, and that day is getting closer and closer.
May Silver’s Delivery demand count now stands at 328 contracts, with 100% of the funds already allocated and in position for the physical purchases with a Volume of 3 up on the board so far this morning. This proves a drop of only 38 receipts from yesterday’s count as the wait continues until there is no more physical to be had at these prices. There is a ton of non-movement everywhere in precious metals prices with the Overall Open Interest being stagnated with the count at 200,651 Overnighters proving 1,634 more shorts had to be added in order to “fake the price” as these Algos restrict virtually all movements in the “first currencies of the world” (Silver and Gold). It’s the Volume and Open Interest counts in the commodity sector that are controlling the prices, not supply and demand. This will change in time and most likely will be the last thing to be reversed. Then the Boom in price will happen.
Bill Holter’s Commentary
If your knees are weak on silver, read this…it is factual!
Silver In Charts: Supply/Demand Crunch After Years Of The Opposite
May 9, 2019
The data is in: based on a review of reports from multiple consultancies, the silver market has officially entered a supply/demand imbalance. The structure now in place sets up a scenario where a genuine crunch could occur.
The silver price has been stuck in a trading range for five years now. But behind the scenes, an imbalance has been forming that could potentially lead to price spikes based solely on the inability of supply to meet demand.
That statement isn’t based on some far-out projection or end-of-world scenario. It comes solely from the latest supply and demand data. As you’ll see, it demonstrates just how precarious the state of the silver market is. And as a result, how easily the price could ignite.
Here’s a pictorial that summarizes the current state of supply and demand for the silver market. See what conclusion you draw…
Bill Holter’s Commentary
My Cousin Vinny would call this “aidn’ and abettin'”, others might say accomplice?
Pope Issues New Law Requiring All Catholic Priests, Nuns To Report Clergy Sexual Abuse
May 9 2019
VATICAN CITY – Pope Francis has issued a new law requiring all Catholic priests and nuns around the world to report clergy sexual abuse and cover-ups by their superiors to church authorities, in a groundbreaking new effort to hold the Catholic hierarchy accountable for failing to protect their flocks.
The church law published Thursday provides whistle-blower protections for anyone making a report and requires all dioceses around the world to have a system in place to receive the claims confidentially. And it outlines procedures for conducting preliminary investigations when the accused is a bishop, cardinal or religious superior.
It’s the latest effort by Francis to respond to the global eruption of the sex abuse and cover-up scandal that has devastated the credibility of the Catholic hierarchy and his own papacy.