Triple Witch Week And The Continuing Story Of The US Dollar Anomaly

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

Great and Wonderful Monday Morning Folks,

      The Triple Witch is here with Gold trading $2.10 higher at $1,950 after reaching as high at $1,960.50 with the low at $1,945.20. Silver is still holding onto most of its Sunday Night gains with the trade at $27.025 up 16.8 cents with the high at $27.15 and the low at $26.85. The US Dollar is still doing its “thing” on the last trading day of the September contract with the value now pegged at 93.01, down 31 points, oops, now down 2 points at 93.32 with the low at 92.99. Of course, all this happened already, before 5 am pst, the Comex open, the London close, and after Terry Branstad suddenly quits being US Ambassador to Beijing. Could there be something else going on with his 35-year, long-term relationship with China?

      Gold under the Venezuelan Bolivar is now trading at 19,475.63 showing a 39.95 Bolivar reduction over the weekend with Silver at 269.912 Bolivar providing a gain of 0.349. Argentina’s Peso price for Gold is now calculated at 145,933.41 showing a 176.37 A-Peso pullback with Silver now priced at 2,022.58, gaining 4.41 A-Peso’s. The Turkish Lira, the last currency to lower itself against the first money of man, now has Gold’s trade at 14,612.36 Lira providing the only increase in the emerging markets, with a gain of 14.08 over the weekend with Silver at 202.338, it too gaining 0.70 of a T-Lira.

      September Silver’s Delivery Requests now shows a demand count of 1,296 fully paid for 5,000-ounce contracts waiting for receipts and with a Volume of 2 already up on the board with 2 prices; one at $26.92, the other at $26.91 with the last buy at the high proving a gain of 18.1 cents so far today. Friday’s full day of deliveries happened in between $27.095 and $26.98 with the last buy at $17.02 yet the Comex Calculated Closing price was decided upon down at $26.739, reducing the value of Silver by 42.4 cents as a total of 198 purchases occurred, reducing the receipt requests by only 20 contracts. So far this morning, we see an additional gain of 41 short contracts going against the physicals, bringing the total to 161,218 in Open Interest which proves the seriousness of it all, as those that normally would be applying more Open Interest, can’t or won’t. Maybe they’re saving themselves for the Thursday norm.

      September Gold’s Delivery Demands now shows a post of 203 fully paid for 100-ounce contracts waiting for receipts and with a Volume of 12 up on the board with a trading range between $1,946.50 and $1943, with the last trade at the low, up $5.20. Friday’s activity in deliveries happened in between $1,949.50 and $1,939.80 with the last buy at $1,938.70, showing a loss of $16.40 and as 73 contracts were swapping hands reducing the demands by 161 contracts that got receipts, and just before the starting of this week. Gold’s early morning count in the Overall Open Interest lost 1,926 short contracts from Friday’s count bringing the shorts against the physicals to 568,578 in Open Interest.

      The US Dollar anomaly continues. Friday’s activities offered a guaranteed fill at 93.32, no matter if the market traded higher or lower.

Friday's Dollar Trade

      Today it appears nothing has changed at all, as the special treatment continues.

EDXU20_-_1_Minute

      This stinks to high heaven as this mornings total Open Interest in September US Dollar’s is still at 7,485 contracts (that will be settled in cash today) with a Volume of 2,782 already posted, which tells me that all these contracts got some sort of special treatment, and as it appears to be totally ignored or not talked about by the financial media representatives that tell us “news”. December’s US Dollar’s Open Interest is already at 23,818 and its Volume is 13,262, so why is there so much value swing in the minute chart and for an entire week and why is the same 1-minute swings happening in December as well? Ain’t that special?

December US Dollar    

     Going back the entire year, we witnessed the last Sept Treasuries go nuts, then last April we witnessed Crude Oil going negative $40. Then Gold made a new life of contract high in August, and now a cash settled US Dollar market goes guaranteed. What is this we are seeing here? International intrigue yes, but who benefited and who didn’t, and why is Silver and Gold not really taking off yet? The answers will all be out in the not to distant future as we enter into the biggest game of all; an election that will give us either Freedom or Fascism.

      So, keep you metals close, with a prayer for all and a song in the heart. There is no better place in the world to be, than right here and right now and with Silver and Gold in hand! Stay close and …

Stay Strong!

Jeremiah Johnson

JeremiahJohnson@cableone.net

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