J. Johnson’s Latest – Silver’s Resolute Buyers Have Taken The Stage!
September 3, 2019
Great and Wonderful Tuesday Morning Folks,
Gold started off on a tear Sunday night and has been put to sleep almost immediately after the first rally with the high to beat at $1,544.50 with the right now price at $1,538.90, up $9.50 with the low at $1,528. Silver did the same thing with its high still at the Sunday night point at $18.685 with the low at $18.365 and the right now price at $18.575, up 23.3 cents. The US Dollar’s trade has been supported (like the metals were stymied) with its trade at 98.26, up 40 points with the high at 98.33 and a low to beat at 98.01. All of this was done sometime before 5 am pst, the Tuesday Morning Comex open, and the London close.
The Venezuelan Bolivar now has Gold priced at 15,369.76, adding another 45.94 in Bolivar value with Silver now at 185.518 it too adding 1.049 Bolivar to the price. Argentina’s Peso now has Gold valued at 89,644.57, showing an additional 835.61 Peso’s in value. Silver’s price also jumped with the trade at 1,081.97 Peso’s adding 13.27 Peso’s to the price since the nation decided to control its currency value on our holiday. In this article’s last sentence it talked about the Argentine Peso’s black market making me wonder if this “black market” IS the Argentine Peso’s “Eurodollar” market? Supposedly each currency has one of these. I’m still digesting that one after the weekend’s Big Can of Worms non-report. Over in Turkey, the Lira now has Gold valued at 8,864.88 proving a drop in value of 88.96 T-Lira with Silver at 106.983 showing a loss of .815 in T-Lira value.