Silver’s Open Interest Continues To Rally Just Like The Price!!

Posted at 1:32 PM (CST) by & filed under General Editorial.

Great and Wonderful Thursday Morning Folks,

       Gold is still climbing the walls of worry with the February contract now trading at $1,511.20, up $6.40 with the high nearby at $1,512.00 with the low at $1,502.10. Silver is also scaling the wall with the March contract at $18.055, up 20.2 cents after reaching a high of $18.100 with the low at $17.810. The US Dollar is still stagnated by the currencies that control it (the basket of currencies inside the index) with the value pegged at 97.275, up 2.4 points and right by the high at 97.295 with the low not that far away at all at 97.19. All of this has already happened before 5 am pst, the Comex open, the London close, and please, will somebody in the House of Representatives, simply just turn in the Quid Quo Pro Impeachment Documents for Nancy already? 

      We have some very big precious metal pops in the Emerging Markets since Tuesday’s write up. For instance, in Venezuela, Gold is now packing a price of 15,093.11 Bolivar, a gain 172.78 over the holiday with Silver at 180.324, adding 40.45 Bolivar. Argentina’s currency is doing the same as the first, going lower as the precious metals go higher, with Gold’s trade at 90,289.36 Peso’s proving a whopper of an increase of 737.34 (x100 ounces a contract) with Silver gaining 21.72 Pesos (x5,000 ounces a contract) with the price at 1,079.02 A-Peso’s. The Turkish Lira now has Gold valued at 8,976.62 proving an increase of 85.38 in one day’s trade with Silver gaining 2.198 with the trade price at 107.243 Lira.

      December Silver’s Delivery Demands now show a count of 56 requests up on the board and with a trading range between $17.92 and $17.91 with the last trade at the high and with a Volume of 5 posted up on the board so far this morning. This proves a reduction of 141 physical demands from Tuesdays count, with the Resolute Buyer(s) getting their receipts either here or maybe in London. We’re still not sure because we’re not the “clean members of the exchange” who have criminal elements they are working with/for; we are members of the unclean masses, the group that gets their trades manipulated against by the printing of the “money makers”.

      Silver’s Overall Open Interest is doing the exact opposite of the delivery count with our calculations gaining 6,041 more short contracts in order to “stay” the price giving us a total of 223,172 Overnighters since Tuesday morning’s tally. Nope, there’s no problem’s here at all! After all the criminal element has been doing the same thing for years now, forcing the Open Interest higher in order to push the values of the Call Options lower and simply by coincidence, culminating on the precious metals Options Expiration Day which just so happens to be today with tomorrow being the Last Trading Day for the December Deliveries.

      With the last 4+ years of Silver Call Option Study’s under our belt, we are still stuck with the question of what it all means? Over the years we witnessed a long-term trade or insurance policy with July, September, and December’s 2019 Call Options being like the Tower of Babel. A huge rising man-made monstrosity built against the flat surface of the surrounding plains, sticking out for everyone to see, at a distance, and since 2015. Nowadays, we see there are no other large purchases to be gleaned unless one considers the upfront cereal months in precious metals and how this might be pointing to a short-term move and right now (maybe). There are 67,591 Purchased Call Options within the next 5 months trade (up to the May contract) with 18,793 of these Calls coming off the board today. Will some of these January options be moved into December’s deliveries today and tomorrow? Stay tooned!

      If we are seeing this right, that Resolute Buyer has really mucked up the works for those clean criminal elements at the Comex. Our most recent Call Options report proved 6,543 “Deep In The Money Calls” at and below $18. Does it mean something? Maybe, one thing for sure, things are getting very interesting at the Comex.

      Enjoy your day, keep that smile on your face and a positive thought in the head no matter what! As always …

Stay Strong!

J. Johnson