J. Johnson’s latest. Courtesy of JB.
The case of the Perplexing Call Options
Silver and Gold are still under pressure as we make it to the end of another frustrating week of manipulation with Gold at $1,287.60 down $1.80 with the usual “close to the low” in London’s price of $1,285.40. The high reached during our early morning is $1,290.50. Silver’s trade is at $16.445, down 3.6 cents with its low at $16.39 and currently 3.5 cents off the high. The US Dollar is what all this is about and its trade is at 93.49, up 11.5 points just off its London high of 93.545. This market wants to drop and hard but as long as we have our Working Group, they should be able to keep it going (until?).
The Open Interest in the delivery month for Silver (May contract) jumped to 176, this is an increase of 82 contracts totaling an additional 410,000 troy ounces added on top of the waiting list now making a total demand of 880,000 troy ounces, this does not include all the settled delivery notices from earlier. No need to worry about supply and demand issues forcing prices higher, that’s all been taken care of (very sick joke). Don’t be fooled, one day this will matter so much so, if one blinks, they may miss the first $30 of the rally. Open Interest in Comex Silver now stands at 199,453 contracts sometime in the early morning before 6am PST. This is a 705 contract drop from yesterday’s early quote as we see the entire week was a waste for any Silver and Gold Bull Market Rider.
When I look at the Silver options board I’m still perplexed as to why there are so many purchased Calls options out in July of next year. Sept 2018 Call options total 5,589, Dec 2018 has 26,406 Calls, March 2019 has 1,263, May 2019 has Zero (0), yet July has a total of 34,511 Call Options. This imbalance is something new to me and I still don’t see why it is this way unless these July 2019 Call options are “a way” out when Silvers price does explode (imo). The July 2019 Silver Call Options exceeds all main delivery month(s) Call Options by roughly 1,253 contracts and I am excluding July 2018 because they come off the board next month. If a group on “large” traders needed a way out of their “Short Calls”, this could be a sort of Calendar Spread approach towards an exit. All one would need to know is what price target would be set along with “when they decide to let it go” and the seller of these options (before 7/19) would be off the hook. Of course this is only 1 of a million different ways to see this, but at the same time, we’re dealing with a full blown manipulation in all things financial so, this too should be considered as a possible end game approach.
Bitcoin is trading at $8,106, down $196, Ethereum is trading at $683.54 down $23.55, and Litecoin is at $133.12 down $5.77. It seems everyone wants a chunk of crypto system with a couple of news articles being sent out like the Federal Reserve’s new name for their experiment by calling it the FedCoin (cashless dollar?). https://www.nytimes.com/2018/05/04/upshot/should-the-fed-create-fedcoin-to-rival-bitcoin-a-former-top-official-says-maybe.html .Of course this will be supported by the full faith and trust of the policy makers, so when they run into trouble, they can digitize more and more. The there’s Goldman’s idea called the Circle USD https://futurism.com/goldman-sachs-launched-new-cryptocurrency/. Nothing to worry about here LOLOLOL.
As if that all this wasn’t enough, we have this to chew on over the weekend;
IG Horowitz Finds FBI, DOJ Broke Law In Clinton Probe, Refers To Prosecutor For Criminal Charges
Yet nothing can weaken the strength of the US Dollar, not even 15 months of criminal investigation into the highest levels of US politics can shake the Dollar from its lofty price, for now that is. One day all the politics and illegal actions will catch up to the value of the dollar regardless of all the support and when that happens, those of us that hold most of our wealth in physical precious metals will be rewarded in kind. Have a great day and weekend and as always … Stay Strong!
…here we are again! Courtesy of CIGA Werner.
CIGA Tom with an excellent point!
Less recycling if no surplus, right? If they need to sell bonds and we need to sell bonds, who’s going to buy the bonds? Venezuela? 🙂
Werner checks in with a picture of how undervalued gold is currently.
The smoking gun of who is backing Trump?
How Rothschild Inc. Saved Donald Trump
June 21, 2016
In the early 1980’s Donald Trump was an up and coming real estate developer in New York. There was no connection between the Trump name and casinos or gambling. The obvious nature of the name Trump and its definition related to gambling and card games foretold of the massive empire which would develop in the coming years.
In 1987 Donald Trump purchased his first casino interests when he acquired 93% of the shares in Resorts International. Resorts International has a sordid history which began in the early 1950’s when it evolved from a CIA and Mossad front company which had been established for the purpose of money laundering the profits from drug trafficking, gambling, and other illegal activities.
The socioeconomic engineering benefits of mass population manipulation through means of drug addiction, gambling, and other vices, far outweigh those provided by money laundering alone. It can be assumed that money laundering acted as a secondary advantage in much the same way that the subjugation of the Chinese population through the spread of opium financially benefited the East India Trading Company centuries before.
On October 30, 1978, The Spotlight newspaper reported that the principle investors of Resorts International were Meyer Lansky, Tibor Rosenbaum, William Mellon Hitchcock, David Rockefeller, and one Baron Edmond de Rothschild.
Michael Collins Piper, in his book The New Jerusalem: Zionist Power in America has done an excellent job of describing the relationship between Donald Trump and Resorts International. The following excerpt sums up the relationship: