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J. Johnson’s Latest – Deep Resolute Pockets Are Refusing To Let Go Of Their Future Profit Potentials!
July 3, 2019

Great and Wonderful Wednesday Morning Folks,   

      We start the morning off with a slight pullback from the high in Gold which just so happened to hit $1,441 (August) before the sellers came in with the trade now at $1,422.50, up $14.50 and close to the low at $1,420.50. Silver is doing the same (being controlled) with its trade at $15.27 (Sept), up 2.7 cents and close to the low at $15.25 with the high at $15.51. The US Dollar is Steady Eddie this morning with its trade at 96.275, up 1/100th of a point and it too, close to the low at 96.22 with the high at 96.435. Of course all of this was done while we slept, before 5 am pst, the Comex open, and the London close.   

      Venezuela’s Bolivar now has Gold priced at 14,207.22 giving us a gain of 263.67 Bolivar in the overnight with Silver at 152.509 showing a gain of .749 in Bolivar value. In Argentina, the Peso has Gold priced at 59,965.56 giving us a gain of 852.12 A-Pesos with Silver now at 643.755 proving a gain of .332. The Turkish Lira now has Gold valued at 59,967.61 adding an additional 118.21 T-Lira with Silver pegged at 86.1183 giving us a .1003 in additional T-Lira value as well. All emerging market currencies in overprint are still adding value to our sector, giving the primaries the stomach ache they so deserve. One day these leading currencies will throw up all those “over-shorted shorts” that have piled on these past few years.    

      July Silver’s Delivery Demands now show a posting of 742 requests waiting for receipts and with the number 4 posted up in the Volume column so far this morning, proving a reduction of 207 receipts as we wait for the actual numbers to be confirmed along with all those papered EFP’s going to London. Silver’s Overall Open Interest only added an additional gain of 247 more shorts in order to sustain the price showing us once again how resolute these buyers really are. What we have here is a set of Very Very Deep Resolute Pockets refusing to let go of their future profit potentials!   

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