J. Johnson’s Latest – The Resolute Longs in Silver Are BTFD!
August 14, 2019
Great and Wonderful Wednesday Morning Folks,
Gold has returned to the green zone after yesterday’s paper attack with the price for December Gold now at $1,528.00 up $13.90 with the high at $1,529.10 and the low at $1,504.50. Silver is higher as well with the September trade at $17.145, up 16 cents with the high right here at $17.18 and the low down at $16.855. The US Dollar did get a boost during yesterday’s activities with the Dollar now at 97.54, down 9.1 points and close to its low at 97.505 with the high not that far away at 97.68. All of this happened before 5 am pst, the Comex open, and the London close.
The emerging markets currency watch is wishy washy this morning with Venezuela’s gold price now at 15,260.90 Bolivar taking back about 50% of yesterday’s gains with Silver now at 171.236, it too losing 2.746 Bolivar. Argentina’s Peso now has Gold priced at 85,039.92 proving a gain of another 3,645.04 A-Pesos with Silver pegged at 954.207 Pesos proving a gain of 32.239, giving the nation another Whooper day for metals and a very bad for the currency’s value. Turkey’s Lira now has Gold priced at 8,566.04 showing a loss of 67.36 in T-Lira value with Silver at 96.1051 losing 1.7086