What Happening to Silver’s Volume?

Posted at 9:59 AM (CST) by & filed under General Editorial.

Great and Wonderful Tuesday Morning Folks,

      Gold is trading lower in our early morning (USA based) report with the price at $1,573.20, down $6.30 inside another tight trading range between $1,576.40 and $1,569.10. Silver is exactly like Gold, hardly moving, and with almost no trading volume at all, with its trade at $17.71, down 7.1 cents and close to the low of $17.680 with the high at $17.800. The US Dollar is still the go-to currency during our most recent crisis with its value now pegged at 98.705, down 0.009 of a point inside a trading range between 98.805 and 98.685. Of course, all of this happened while we slept, before 5 am pst, the Comex open, the London close, and after another central banker jumped the ship of rats.

      Our Emerging Markets Currency watch is proving a “mix in movements” so far this morning. In Venezuela, Gold is now priced at 15,712.34 Bolivar, shaving 20.97 off the top with Silver at 176.879 reducing its value by 0.449 of a Bolivar. In Argentina, the Peso now has Gold gauged at 95,812.62 Peso’s adding more value as another 196.01 Peso’s was put into its price with Silver at 1,078.54 Peso’s, it too gaining 1.28 in value. The Turkish Lira’s price for Gold now rests at 9,487.91 proving an additional 2.84 in value with Silver at 106.795 Lira, shaving off 0.109 of a T-Lira.

       February Silver’s Delivery Demands are showing a count of 1 proving that single lot order added yesterday was a new trade and showing that yesterday’s 7 count demand for physicals, might have been delivered, here or in London, or that it may have been used as a spread entry/exit. As of this morning, we have another 1 added to the mix under the Volume column and with a price at $17.695. The Overall Open Interest in Comex Silver is now at 223,969 Overnighters, showing only 36 contracts being added during yesterday’s slow trade day. The Open Interest Column has been our focus for years and with that, the Volume as well. Things have sure turn silent within Comex Silver’s trading arena (if we can call it that anymore). The Volume Column is all about the contracts that are traded throughout the day, showing us the control the Algo’s have over the price. Volume is also another way to gauge how the governing bodies get paid as well. They get fees (commissions) when a trade is entered into or exited out of and the Volume is their tally, or said another way, it’s how we can gauge the profits they make watching over all the illegal activities. Now, consider all the commodities that are traded and see the things we do, this system pays them well, to look the other way, as the Algo’s swing against the real trader. As of right now the Volume in the most “liquid” month (March) in Silver is at 18,482 with the OI at 135,533. What happened? Are the algo’s leaving this side of the precious metal’s ratio keeping only Gold controlled?

      February Gold’s Demand Count now has a total of 1,583 fully paid for contracts waiting for receipts and with a Volume of 52 posted up on the board with a trading range between $1,570.90 and $1,565.20 with the last buy at $1,568.30. This proves a reduction of 146 receipts for physicals from yesterday’s numbers and with the yesterday’s closing Volume at 122 replacing all but 24 contracts from Monday’s OI tally. Gold’s Overall Open Interest now rests at 658,783 Overnighters, proving the shorts had to add 3,635 more pieces of paper in order to stay the price. April Gold is the primary traded contract at the Comex, its Open Interest is at 483,687 with a Volume of 94,335 so far this morning. This is slightly lower than the Algo norm yet it helps to show the differences between the 2 manipulated metals and how one is presently not trading like the other.

      The international banking sector has been culling its brokers for years now. As of this morning, another cull occurred this time Italy’s largest bank, UniCredit announced today, it expects to cut 6,000 jobs and close 450 branches in Italy. They expect to reduce their body count by 8,000 position by 2023, those that wish to stay are told to “learn to code”, which means blockchaining everything (by 2023?) is in our future.

      The Diamond Princess Cruise ship has no news updates whatsoever after yesterday missive. The idea of having over 5% infected within 2 weeks helps prove our issue that the Chinese governments tallies are off (way off). Another concerning point is this viral epidemic maybe have started in the beginning of December with some noting a Dec 3rd start date. We’ll wait for more data, but also warn that the prepared mind is a steady one, and a good thing to have, in a crisis.

      Keep the attitudes positive no matter what, have a smile on your face and a prayer for all, and as always …

Stay Strong!

J. Johnson