J. Johnson’s Latest – Will Silver’s Resolute Buyer Step In Again?
October 29, 2019
Great and Wonderful Tuesday Morning Folks,
Gold is continuing it’s forced price adjustment, even though the US Dollar’s digital printing can’t be hidden anymore with December’s price at $1,488.30, down $7.60 and right beside the usual London low at $1,486.50 with the high at $1,497.10. Silver has no choice but to follow along with its trade at $17.69, down 18.6 cents with the low at $17.675 and the high at $17.875. The over printed US Dollar is still the reason why our precious metals have yet to produce any new highs (for now) with its value pegged at 97.60, up 7.6 points after reaching up to 97.70 with the low close by at 97.51. All this was done before 5 am pst, the start of the FOMC 2-day meeting, the Comex open, and the London close.
Apparently, all international banker eyes are on the FOMC meetings (and subsequent ¼% rate cut) with Gold, under the Venezuelan Bolivar, now trading at 14,864.40 proving a loss of 179.77 Bolivars with Silver at 176.679 Bolivar down 3.446 in the overnight. In Argentina, Gold is now trading at 88,435.73 Pesos losing 1,818.01 with Silver at 1,051.13 taking out 29.55 in A-Peso value. The Turkish Lira’s value for Gold now stands at 8,533.56 Lira’s showing a loss of 101.35 with Silver now at 101.441 Lira’s showing a reduction of 1.945 in value.
Yesterday Silver’s trade was a disappointment price wise, but the amazing point was the Volume in trade that happened before the Comex close. We reported the Open Interest in the October Silver Delivery system to be at 20 and with a Volume of 5 up on the board with no prices. After our report, we got a trading range between $17.89 and $17.77 and with a Volume of 60 posted up on the board. This is three times the amount of Open Interest and before the Options expired. As of right now, the standing demanding Open Interest in the October Silver Delivery system is at 61, and with no Volume posted so far. Today at 10:25 am pst, the October Silver Delivery process will close then we start Novembers. As a side note, I do not recall this type of activity happening within a cereal month’s trading period. Will our Resolute Buyer step in again today? Stay Tooned!
Bill Holter’s Commentary
This is just more packing for the powder keg. Can you imagine what any meeting like this will look like after the markets collapse? So you think the country is unrecognizable now…?
Where Hate Has A Home: Oak Park, Illinois – Videos
October 27, 2019
Despite national embarrassment from an initial incident earlier this month, many Oak Parkers are doubling down. They seem intent on making their town a national showcase for the manic intolerance of diversity of opinion into which identity politics have devolved.
It started at an early October Village Board meeting debating a statement on inclusion, particularly the term “system of oppression,” which some members thought might be interpreted as an unfair smear of the town’s police department.
That’s when Trustee Susan Buchanan let loose, telling the white males on the board to “shut up,” and much more. If you haven’t seen the video, watch it. Keep in mind that one of the targets of Buchanan’s comments was the mayor, Anan Abu-Taleb. He’s a Palestinian immigrant born in the Gaza Strip as the second oldest of 13 children and came to the Chicago area at the age of 18 to attend college. Among her comments:
You shouldn’t have an opinion on that. That is the point. Why do you have an opinion on equity? You’ve never experienced oppression so shut up…. Just stop… You are not oppressed…. Enough… You stop it! You are a white male. Your skin is light enough. Stop it.”