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J. Johnson’s Latest – Spells Cast, The Vote is On, and The Precious Metals Trade Higher Muhahahaha!!
October 31, 2019

Great and Wonderful Hallo’s Eve Morning Folks,  

     The day the witches promised to cast a spell against Trump now has Gold trading higher with the price at $1,508.30, up $11.60 and right by the high at $1,510.30 with the low at $1,496.00. Silver is up as well, Muhahahaha, with its trade at $18.035, up 16.8 cents with the high up at $18.13 and the low at $17.795. The interest rate reduced currency called the US Dollar, is now trading at 97.085, down 35.9 points, bouncing off it’s low at 97.015 with the high at 97.255. All of this occurred before 5 am pst, the Comex open, and the London close.    

     It seems the emerging markets currency watch we do, proves how powerful the US Dollar really is when it comes to the international currency churn. In Venezuela, Gold is valued at 15,064.15 Bolivar, adding another 130.84 in value with Silver at 180.125 Bolivar, gaining 1.349. In Argentina, Gold is now priced at 89,931.37 Peso’s, giving those that hold a 1,118.57 A-Peso jump in value with Silver now at 1,075.33 proving a gain of 12.37 A-Pesos. In Turkey, the Lira now has Gold valued at 8,629.29 giving the metal holder a 71.56 T-Lira jump in value with Silver at 103.189 proving a 0.734 T-Lira gain overnight.  

     Today is the First Notice Day for the November Silver Delivery Demands with the Open Interest now at 304, proving a gain of 11 contracts since yesterday’s tally. So far this morning, we have a Volume of 1 up on the board with no price to offer (spread exit/entry/something else?). Silver’s Overall Open Interest is still elevated, even after yesterday’s attempts to scare out a few longs when the shorts added 1,187 more positions to the fray making the total count 222,682 Overnighters keeping the price of Silver Resolute.    

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