Great and Wonderful Monday Morning Folks,
Gold is trading higher, but no where near the opening rally, with the trade at $1,986.40, up 50 cents after hitting another N-LoCH (New Life of Contract High) at $2,009.50 with the low nearby at $1,982. Silver is still leading the rally, after hitting the early-trade-high at $25.275, with the price right now at $24.37, up 15.4 cents after being knocked down to $24.16. The US Dollar is getting that overseas support, even while we are printing it (to cause that eventual drop), with the current value pegged at 93.725, up 40.4 points and close to the high at 93.815 with the low down at 93.295. Of course, all this happened before 5 am pst, the Comex open, the London close, and after a weekend of no news by the Leftist Media who chose to ignore all the Court Docs alleging Bill Clinton visited Epstein Island. Maybe this explains why fewer and fewer are getting the news from the media.
In Venezuela, Gold is now priced at 19,839.17 Bolivar, pulling back 54.93 from Friday’s quote with Silver at 243.395, it too getting a 1.049 Bolivar pullback. Argentina’s currency is now pricing Gold at 143,642.95 dropping 170.70 Peso’s with Silver losing 4.91 with the last trade at 1,762.27 A-Peso’s. The Turkish Lira’s price for Gold last traded at 13,871.83 Lira, dropping 14.28 from Friday’s value with Silver losing 0.416 of a T-Lira with the price now at 170.190.
August Silver’s Delivery Demands now has a post of 914 fully paid for contracts up on the board, unchanged from Friday’s count, waiting for receipts and with a Volume of 1 and with no price attached to it. Friday’s delivery activities happened in between $24.385 and $23.565 with the last buy at $24.189 up 84.9 cents with a Volume of 220 (swaps) that were completed by the end of the day. This proves NO drop in the demand count at all! So, did 220 contracts get a jump in deliveries ahead of the supposed FIFO (First In-First Out) claims of engagement? Silver’s Overall Open Interest now sits at 187,741 Overnighters going against the physicals proving a drop of 76 after the Sunday night drop, from the high.
August Gold’s Delivery Demands now sit at 47,211 fully paid for contracts waiting for receipts. Ironically the delivery count is also unchanged from Friday’s numbers with a Volume of 310 already up on the board with a trading range between $1,984.30 and $1,963.10 with the last buy at $1,967 up $4.20 so far today. Friday’s full trading day had a Volume of 2,914 up on the board with a trading range between $1,981.10 and $1,948 with the last buy at $1,962.80, settling the day out with a $20.50 gain. Gold’s Overall Open Interest declined by 1,076 short contracts leaving 586,484 Overnighters going against the price.
Australia got the bio-bug! The premier of Victoria plunged the region into a “state of disaster” on Sunday, announcing even stricter lockdown measures, introducing a nightly curfew and banning virtually all trips outdoors after Australia’s second largest state recorded 671 new infections in a single day. We’re 6 months into a bug release from a level 4 bio-lab and still no confirmation on anything except all the masksperts making idiots out of both sides as we all learn about this together.
Real or not, the Bio has caused immeasurable amounts of damage to the controllers of debt all over the world with the latest claim that more than 60% of Global Debt now yields less than 1% ROI. Also of note; HSBC crashed to an 11 Year low as their profits plunged and as the loss of reserves expands, with low export trades, now and in the future, causing a drop of 6.4% in share value already today. This bank seems to have a trust problem lately. Trust is everything in the game of confidence and that confidence is gone. That should lead to the debt of a nation being untrustworthy too. Then today, our VOM2 Money Stock came in and it ain’t good at all, yet the price of our currency stays in place (for now).
Got Silver and Gold? Have a great day no matter what! Keep that smile going for all you may see, as you keep safe distance and as we make it thru another month of debt issues and precious metals risings. As always …
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