Bill Holter’s Commentary
Even when there is video proof and admission of bribery while in office, these people still slide…We either have a rule of law for everyone equally or we do not even have a country!
J. Johnson’s Latest – These Silver Buyers Are Staying Resolute!
September 26, 2019
Great and Wonderful Thursday Morning Folks,
Gold is higher at the moment with the trade at $1,513.20, up $1.20 after reaching up to $1,518 before being pulled back during London’s trading period with the low close by at $1,510. Silver is still being pressured with the trade at $17.92, down 15.3 cents and right at the low (17.910) with the high at $18.105. As we’ve mentioned over the years, the strength of the US Dollar will be challenged, but for now, the support is still holding strong with its value at 98.72, up 6.2 points with its high close by at 98.76 with the low at 98.495. All of this activity, which is going against our national interests, happened before 5 am pst, the Comex open, and the London close.
The international banking pressures are still controlling the prices of precious metals. In Venezuela the Bolivar is pricing Gold at 15,113.09, dropping 224.71 Bolivar with Silver losing 6.62 Bolivar with its price at 178.98. In Argentina, the Peso has Gold priced at 86,257.92 proving a 584.83 Peso drop in value with Silver doing the same losing 29.68 Pesos with the price at 1,021.30 Pesos. In Turkey, Gold is now getting 8,566.82 Lira for one ounce losing 13.83 Lira with Silver at 101.42 showing it too lost 3.91 in T-Lira value.
September Silver Deliveries continues with the demand count now at 18 fully paid for contracts waiting for receipts and with Zero Volume up on the board so far in the early morning. This proves that only 2 contracts where delivered during yesterday’s heavy drop in price.
A J. Johnson Update
Good Afternoon Folks,
It is 11:30 PST and I am now looking at the numbers for September Silver and it’s deliveries. The final day for physical purchases is Monday, before the Comex close (10:25 am pst). Today’s Volume is now at 94 with the Open Interest still at 18. The trading range for these purchases (even though some of these might be spread exits) is $17.91 and $17.85 with the last trade at $17.90 on a 3 lot purchase. Is someone buying because there is a reason or purpose? Is this a response to the exercised Call Options in October? Wish I had answers too, regardless I’m still curious about the tomorrows, how about you?