Precious Metals Are Recovering from The Failures of The Shorts

Posted at 9:20 AM (CST) by & filed under General Editorial.

Great and Wonderful Monday Morning Folks,

      The turns have become fast and furious in our precious metals arenas with Gold adding value with the trade at $1,962.20 up $12.40 and close to the high at $1,968.50 with the low at $1,939.10. Silver leads the volatility with its trade at $27.20 up 94.2 cents with its high so far at $27.305 with the low down at $26.10. The US Dollar is barely above another set of double zeros with the value pegged at 93.055 down 3 points yet recovering from the low at 92.88 with the high nearby at 93.115. Of course, all this happened before 5 am pst, the Comex open, the London close, and after reporter Millie Weaver and her husband were arrested by the deep state lackey’s just before her ShadowGate movie came out. This report is truly worthy of the 1 hour and 22 minutes of time to review.

      Gold in Venezuela now sits at 19,597.47 Bolivar, providing no pullback at all, and gaining 61.92 since Friday’s quote with Silver gaining 1.149 Bolivar with its price at 271.660. Argentina’s Peso price for Gold is now registered at 143,442.30 giving the holders an additional 585.11 Peso’s in value with Silver now priced at 1,988.24, upping the holders value by 10.34 A-Peso’s. The entire population in Turkey is now involved in a Bank Run and Gold Rush, with Gold’s trade now at 14,511.39 Lira’s providing the holder a 73.72 Lira gain with Silver up 1.24 T-Lira’s with the last trade at 201.160.

      August Silver’s Delivery Demands now sit at 19 fully paid for 5,000-ounce contracts and with a Volume of 12 already up on the board with a trading range between $26.795 and $26.57 with the last buy at $26.77, up 70.5 cents so far today and reducing the demand count by 3, and as the paper’s push the futures further in both directions. Friday’s full day of deliveries happened in between $27.685 and $25.905 with the last registered buy at $26.065, down $1.629 which registered a Volume of 17 swaps. Silver’s Overall Open Interest also fell by 2,591 contracts, leaving 193,452 Overnighters to go against the physicals.

      August Gold’s Delivery Demands gained 10 contracts during Friday’s trades with the count now at 623 fully paid for 100-ounce contracts and with a Volume of 3 up on the board with a $5.30 trading range between $1,954.90 and $1,949.60 with the last trade at the high, up $17.90 so far today. Friday’s completed trading day inside the delivery system happened in between $1,947.40 and $1,937.70 with the closing price at $1,937, down $19.70. Good job buying on the dip, Mr. Resolute! Gold’s Overall Open Interest lost another round of shorts as well, as 1,538 contracts left the field of play in order to get out of the way, leaving 542,380 short contracts to go against all buyers.

      Saturday had some antifa activity up in Sturgis, where the 80th Annual Motorcycle Rally occurred. What is not talked about much is that antifa was protected and escorted out, by the police they claim to hate, as the crowds all shouted them down. What antifa wanted didn’t happen, no violence from all those armed citizens at all. That must’ve completely pissed off the financial supporters of the fairytale group and has me laughing hard. Look at all those armed citizens being responsible and law abiding. I think the Democrats idea of removing guns from law abiding citizens and the NRA, are failing in epic fashion, what say you?

     Also of note, and not reported much because it proves America is not warring like it used to, is Trump has secured a historic deal between Israel and the United Arab Emirates, and immediately after, Joe Hiden claimed he and Obama helped but that story was shut down immediately! So here we are, at the beginning of the week, with precious metals recovering from the failures of the shorts to scare out the buyers, as debt instruments continue to stink up the centrals balance sheets and as the physical shortages in precious metals continue. So, keep the faith, have a prayer for all, and keep the attitudes positive no matter what, and you too will …

Stay Strong!

Jeremiah Johnson

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