J. Johnson’s Latest – Ag – Huge Purchases Means Lower Prices!!
September 27, 2019
Great and Wonderful Friday Morning Folks,
They just keep beating the metals lower and lower with Gold’s trade now at $1,501.50, down $13.70 after they forced to price down to $1,497.20 with the high starting point at $1,514.40. Silver is down 33.2 cents with the price at $17.715 after it was pushed to $17.62 with the high to beat at $18.065. One would expect the Dollar to be rallied in heavy fashion but it’s not, as the trade will prove, with its value stuck at 98.815, up 5 points after being pushed to 98.955 with the low to beat at 98.79. All of this was done by Algo’s, while we slept, before 5 am pst, the Comex open, and the London close.
In Venezuela, Gold is now trading at 14,996.23 Bolivar proving a reduction in price of 117.67 in Bolivar value (here is the current “old” price before they reduced all the zeros = 31,210,215.78 VES). Silver is now trading at 176.93 Bolivar showing a reduction of 2.05 Bolivar (its new “old” price = 366,607.33VES before the zeros were removed). In Argentina, where the zeros haven’t been dropped yet (the Peso used to be tied to the Dollar 1 to 1) shows Gold trading at 85,836.14 Pesos, a loss of 421.78 with Silver now at 1,012.75 Pesos, proving a loss of 8.55 in A-Peso value. In Turkey, Gold’s price is now pegged at 8,496.20 T-Lira, down another 70.62 with Silver losing 1.18 Lira with it price at 100.24.