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J. Johnson’s Latest – We Now Think the Lone Ranger’s Horse IS On The Run
July 17, 2019

Great and Wonderful Wednesday Morning Folks   

      Gold got the monkey hammer during yesterday’s Comex trade and the punch in the gut is still being felt but the Nobel metal remains steady, took a big breath, and is ready to fight with the trade at $1,406.00 down $5.20 after dipping down to $1,401.30 with the high at $1,408.90. Silver is the Lone Ranger’s horse and the back of the barn has been kicked out as it leads in the early morning with the trading price now at $15.685, up 7/10th’s of a penny and close to the high at $15.70 with the low at $15.55. The US Dollar is flat this morning with its trade at 96.965, down 7.6 points and right beside its low at 96.955 with the high at 97.10. All of this was done while we slept, before 5 am pst, the Comex open, and the London close.   

      The Venezuelan Bolivar now has Gold priced at 14,042.43 showing us a loss of 92.88 Bolivar with Silver at 156.654 proving a gain of 2.397 in Bolivar value. Argentina’s Peso now shows Gold priced at 59,980.84 A-Pesos only losing 3.42 with Silver at 669.119 giving the “money of the people” a 14.498 A-Peso swing to the positive. Turkey’s Lira has Gold trading lower at 7,998.46 proving a loss of 75.93 with Silver under the fiat at 89.2215 T-Lira proving a gain of 11.142 in T-Lira value, showing us all 3 emerging market currencies couldn’t keep Silver under control (this horse is pissed).    

      July Silver had some excitement during yesterday’s trade as the Volume in the trade continued to climb all day with the Demands for Physical Silver posting a count of 414 contracts waiting for product proving a drop of 106 in count and with zero Volume up on the board so far this morning. Inside the 106 contract drop, an additional 41 contracts traded yesterday, so these may have been added to yesterday’s delivery already. This is why it is important to pay attention to Harvey Organ’s consistent and accurate posts. So far this morning there have been no trades in July so there is no trading range to report. With this in mind and the observances these past few days showing the quotes in parenthesis, the counts between the July and Sept contracts are no longer consistent or equal, so, we’ll wait for a trade to pop up in the delivery month and we may see these non-spoof spoofs, spoofing again.