Great and Wonderful Thursday Morning Folks,
We’re in a 4 Day Rally in precious metals and just before the Triple Witch Week with Gold at $1,479.40, up $4.40 with the high at $1,480.40, and the low at $1,476.30, and with zero trades in the (Dec. Au) delivery month, hmmm. Silver is following along with its trade at $16.930, up 8.1 cents with its high at $16.970 and the low 10 cents below at $16.870. Even though we show higher prices these past few days, both metals are still sideways in trade. The US Dollar is still under support with the trade at 97.16, up 10.4 points after reaching 97.20 with the low at 97.030. All of this was already done, before 5 am pst, the Comex open, and the London close.
Our Emerging Markets Currency Watch is proving the currencies are stressed. In Venezuela, the Bolivars price for Gold now stands at 14,775.51 popping in a gain of 73.91 Bolivar with Silver gaining 2.247 Bolivar with the trade at 169.088. Argentina’s Peso has Gold valued at 88,353.70 A-Pesos proving an addition of 404.81 in value with Silver at 1,011.23 Peso’s adding 13.229 in the overnight. What a way to wake up eh? In Turkey, their currency now has Gold valued at 8,562.19 Lira, showing a gain of 10.60 with Silver at 97.9842 adding 0.9335 T-Lira’s to its price.
December Silver’s Delivery Demands show a request count of 656 fully paid for contracts waiting to take delivery proving a drop of 155 contracts with the hope that this is for physical deliveries and not the paper the banks have an addiction to, with this morning’s Volume at 12 so far with a trading range between $16.845 and $16.830 with the last trade at the high and, with a posting of a 5 lot purchase at that price. Ironically the “Bid” is right at the current price this time. It kinda makes one wonder if Comex is paying attention to those that are paying attention to this?
Silver’s Overall Open Interest shows how precarious things really are as the count increased and as the prices rose, with the total count now at 203,919 Overnighters proving an additional 1,006 more shorts had to be added in order to keep the prices range bound in what can only be called “the extend and pretend until the end”.
The FISA report came out right on Q Monday as promised. Many reports came out immediately saying how disappointed everyone was even and without reading any of the 476-page report. Even James C-O-R-N-E-Y was shown to have posted his own shallow vindication on twitter with this article; James Comey: The truth is finally out. The FBI fulfilled its mission. So, Deep State got punked again, and so did all those first responders in True Rope-A-Dope Fashion, here’s what I mean.
There are 3 past Q posts giving us warnings of the morphing of clues as things moved forward, showing the change-up as if in a war like setting, proving when the Deep State moves, so does Q! Remember, this is war! Each one of these warnings were at the very bottom of each post;
Jun 20 2018
Feb 12 2019
Then Once again the repeat
Feb 14 2019
What did Team Q do? They misspelled “Comey” in every mention within the FISA report. Could this be why Comey hasn’t posted anything on his twitter page since Monday after he walked into the rope? If one does a word search for the name “Comey” in the FISA report, there will be nothing to report, but if one types in C-o-r-n-e-y instead … BOOM! Nice play Q, very nice …
Let us see what happens next, because there’s a lot going on in true Rope-A-Dope Fashion. I think I can safely say that Q team truly has a sense of humor, and so should you, because we are winning in many ways… Stay smiling and as always …