J. Johnson’s Latest – Silver Is On Sale And The Resolutes Know It!
Great and Wonderful Friday Morning Folks,
Sales abound in the paper contracts of the precious metals arena with Gold’s “On Sale” price now at $1,458.50 down $7.90 and close to the low at $1,457.00 with the high at $1,473.90. Silver seems to be getting the worst of it with its trade at $16.755, down 25.5 cents after hitting $16.66 with the high to beat at $17.095. Even all the madness of the political crowds can’t budge the US Dollar from its lofty heights with the trade at 98.155, up 16.6 points, it too close to the ridiculous, I mean, its high at 98.17 with the low at 97.945. All this paper being thrown around way before 5 am pst, the Comex open, and the London close.
The holders of precious metals may not be happy with the price drops, but the buyers are thinking just the opposite with Venezuela’s Bolivar now pricing Gold’s value at 14,566.77, dropping 265.67 Bolivar overnight with Silver now trading at 167.34 losing 7.69 Bolivar. In Argentina Gold is now valued at 86,920.16 dropping 1,685 Pesos with Silver at 998.52 Peso’s dropping 47.05 overnight. In Turkey, Gold is now priced at 8,397.24 losing 134.81 T-Liras with Silver now priced at 96.46 T-Lira, a loss of 4.20.
November Silver Deliveries proved Comex had the receipts to deliver 215,000 ounces of Silver (43 fully paid for contracts) yesterday, leaving the Open Interest at 3 and with zero Volume and no trading range so far today. We await our Resolute Silver buyer. The more the Resolutes buy the cheaper the Comex prices, Heads he Wins Tails he Wins – Eventually! Remember this is a game against the biggest criminal element in history, it’s not supposed to be easy.