J. Johnson’s Latest – The Criminal Element Has Done Everything It Could To Opaque The Data
September 25, 2019
Great and Wonderful Hump Day Morning Folks,
Gold is trading lower in the early morning with the December price at $1,535.70, down $4.50 and close to the low at $1,535 with the high to beat at $1,542.80. Silver is trading lower in December’s contract and higher in the Sept with December’s trade at $18.585, down 4.3 cents after hitting as low as $18.53 with the high to beat at $18.75. The US Dollar is the reason why the metals are not trading higher under our currency but it will (soon enough) with the value pegged at 98.33, up 40.3 points and near the high at 98.34 with a low we need to see get clocked at 97.965. All of this “Strong Dollar Policy” activity that is still in play, was done before 5 am pst, the Comex open, and the London close.
We have a mish mash mix up in the emerging markets today with the currency calculators being in a “whack” mode this morning. In Venezuela, Gold is now priced at 15,337.80 Bolivar adding an additional 75.9 Bolivar to the price with Silver now at 185.62 Bolivar showing the metal of the people lost 0.20 in its Bolivar value. Argentina’s Peso now has Gold priced at 86,842.75 Pesos showing a loss of 138.09 Pesos with Silver now at 1,050.98 Pesos showing a loss of 8.08 in A-Peso value. In Turkey the Lira now has Gold priced at 8,705.12 Lira, showing a gain of 14.29 with Silver at 105.33 showing a loss of 0.45 in T-Lira value.
J. Johnson Update
The October Calls in Silver are now expired as of 2 minutes ago. The Open Interest Totals in Oct 2019, at $18.05 and below, total 9,175 In the money Calls…With the Open Interest in October Silver at 1,431 … Maybe we will see something of a bump in Open Interest in Oct tomorrow. Regardless, the Criminal Element is still working because it’s allowed to….(for now).