Great and Wonderful Monday Morning Folks,
August Gold is trading higher with the current price at $1,814.90, up $4.90 with the high nearby at $1,814.90 with the low at $1,806.60. September Silver is adding value as well with its trade at $19.88, up 11.8 cents with the high right there at $19.895 with the low down at $19.655. Another Maginot Line has been crossed in the US-Dollar Index with the pegged value at 95.72, down 16.9 with the low right there at 95.695 along with the high at 96.145. All this, of course happened before 5 am pst, the Comex open, the London close, and after another fine example, over the weekend, of “Stupid is as Stupid does”, as we all get to look at Portland’s left coast elected.
Venezuela’s Bolivar drop caused Gold to gain 92.88 over the weekend with the last trade at 18,126.31 Bolivar with Silver’s gaining 3.047 with its price at 198.552 Bolivar. Argentina’s Peso price for Gold is now at 129,639.31 proving an 804.33 A-Peso gain with Silver’s price at 1,420.10 providing a 23.37 A-Peso’s gain. The Turkish Lira’s price for Gold also gained 56.51 over the weekend with the last recorded price at 12,447.04 Lira with Silver gaining 2.011 T-Lira’s with the last trade at 136.340.
July Silver’s Delivery Demands are now at 1,594 fully paid for 5,000-ounce contracts and with no Volume or Price to offer so far this morning. Friday’s full trading day within the delivery system happened in between $19.71 and $19.35 with the last recorded trade at the high with the adjusted close at $19.685 as 31 contracts swapped hands and as the delivery system served up 47 receipts somewhere between here and London. The shorts have no choice but to keep shorting. If they leave the field of play, Silver would be sharply higher with today’s Overall Open Interest now at 180,111 Overnighters as another 1,357 short contracts had to be added or things would be more in our favor. Muhahahaha!
July Gold’s Delivery Demands are now at 66 fully paid for 100-ounce contracts and with a Volume of 12 already up on the board with a trading range between $1,812.60 and $1,807 with the last buy at the high, up $4.30. This proves 113 receipts got settled out during Friday’s trades which had a price range between $1,810.10 and $1,798.50 with the last trade at the high, yet Comex settled the closing price at $1,808.30, with 24 contracts getting settled out on the last day of the week. The fear trade is really showing up behind Gold’s price as another 8,508 short contracts had to be added with the Overall Open Interest now at 587,837 Overnighter’s going against the physicals.
We have some really big things happening in the early morning as Nine Chinese financial institutions got nationalized in a single day as 1 Trillion Yuan in assets got support, as we ask; is this a new world record in taking over financial institutions for a single country in a single day? I think it is, we’ll wait for more confirmation from others as things start to get really wobbly, not only in the currencies, global politics, but as team Obama become more and more panicky as Q posts continue to expose what the media refuses to reveal in any “news” as post 4599 exposes the Trilogy, and as Post 4605 and 4606 revealing the final goodbyes (you’re fired sign) to Christopher Wray, with General Flynn gets relabeled A Real American Hero!
Cast aside all doubt, it’s all coming together now. Things are changing and it looks like stuff is getting better by the moment, that is for law abiding citizens, not the criminally elected. Keep your metals close, have a smile on your face and a prayer for all, and as always …
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