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J. Johnson’s Latest – The Silver “Manipulators” Are on the Wrong Side of the Futures Price!
November 13, 2019

  Great and Wonderful Wednesday Morning Folks,    

     We start the early morning with a positive price in Gold with the trade at $1,466.80, up $13.20 and close to the high at $1,467.60 with the low at $1,456.40. Silver is leading the charge this morning with the trade at $16.99, up 29.8 cents and right at the high’s double 00’s with the low at $16.720. The US Dollar isn’t doing anything in comparison with its trade at 98.225, up 7.4 points with the high at 98.300 and the low at 98.140. Of course, all this was done in preparation, before 5 am pst, the Comex open, and the London close.   

       Our emerging markets currency watch is quite explosive this morning with the Venezuelan Bolivar pricing Gold at 14,649.67, adding 124.85 to its value with Silver at 169.688 Bolivar, showing a 2.198 addition to its value. In Argentina, the Peso now has Gold’s price at 87,461.14 popping in an additional 579.29 Pesos to its value with Silver adding 11.21 A-Pesos bringing its value to 1,013.04 Pesos. In Turkey, Gold is valued at 8,443.52, showing an addition of 51.85 T-Lira in value with Silver at 97.8017 adding 1.0262 in T-Lira value. One day folks, we’re going to see these heavy fashioned additions added to the price of precious metals but under the US Dollar. They’ll Print it and We’ll prove it!   

       Our November Silver Delivery watch is proving to be a wonderful mess with the total demand count now at 27 fully paid for requests (for 5,000 ounces of Silver each) proving the Resolute Buyer stepped in again adding 22 (110,000 ounces) more buy orders to the mix with a trading range between $16.805 and $16.675 with the last trade of course being at the low end at $16.677, most likely being a 2 lot buy order only! This is where we have the issues, if there are 20 more purchases done during the day, why is the last trade always leading the price when it should be the bulk of the day’s trade? This is price fixing at the register folks! So far this morning we see a Volume of 7 up on the delivery board and with a trading range, ok, a single price for the high, low, and last, at $16.765. Is this price for 1, or 2, or all 7? That apparently is none of our business as far as COMEX is concerned.     Silver’s Overall Open Interest is still super elevated with the total count now at 222,630 Overnighters showing us an additional 251 more shorts had to be added in order to keep Silver from blowing thru $17.00 but it will when the last bar has left the controllers of print.