J. Johnson’s Latest – The Paper Vs. Real Rock Battle Goes On!
August 5, 2019
Great and Wonderful Monday Morning Folks,
I sure missed a day to remark on last Friday but today makes up for it all, with Gold breaking thru to newer highs with the trade now at $1,471.00, up $13.50 after traveling to $1,473.90 with the low starting point at $1,448.80. The Tag A Long Kid is doing fine as well with Silver’s trade at $16.465, up 19.5 cents after hitting $16.59 before all that calming paper was applied with the low at $16.135. The US Dollar is now trading at 97.435, down 41.7 points and right at the low of 97.425 with the high at 97.93. All of this was done before 5am PST, the Comex open, and the London close.
The Emerging Markets Currency watch now has Gold trading under the Venezuelan Bolivar at 14,691.61, showing a gain of 526.34 Bolivar since Thursday’s write up with Silver at 164.444 giving us a gain of 4.544 in Bolivar value. Argentina’s Peso now has Gold pegged at 65,592.61 proving a gain of 3,443.41 Peso’s with Silver now at 734.123 Peso’s showing a gain of 32.535. Over in the lands of Turkey, Gold is now priced at 8,161.25 T-Lira, it too proving a gain of 252.27 with Silver gaining 2.0474 with its price at 91.3415 Lira. We still think these prices moves are the future moves under the primary currencies, as the paper vs. real rock battle goes on.