Silver The Signal!

Great and Wonderful Tuesday Morning Folks,    

      Gold is still trading higher but that Silver Signal, the one that everyone is supposed to ignore yet has proven to be factual, is still signaling, with Gold at $1,497.80, up 20 cents after being pushed down from the high at $1,503 to the low at $1,492.70, which happened only a few minutes ago. Silver the signal, is down 5.5 cents with its price at $17.655, up from the low (minutes ago) during London’s churn at $17.590 with the high to beat at $17.765. The US Dollars basket of currencies, is still being supported by those that print with the trade at 98.25 up 8 points and close to the high at 98.28 with the low at 98.005. All this was done before 5am pst, the Comex open, and the London close.    

      Venezuela’s Bolivar now has Gold valued at 14,959.28 showing a loss of 24.97 Bolivar from yesterday’s early morning quote with Silver at 176.329 virtually unchanged from yesterday. In Argentina, the Peso has Gold valued at 86,918.94, losing 163.96 Pesos in the overnight with Silver at 1,024.34 showing a loss of 0.460 in A-Peso value. In Turkey, Gold is now down 98.86 in T-Lira value, after all, a nation warring with its neighbor’s is nothing these days with Golds value now at 8,803.65 T-Lira. Silver under the same craziness is now trading at 103.756 Lira’s, losing 1.005 Lira’s.       

      October Silver Deliveries gained again during yesterday’s semi-holiday with the total demand count now at 339 fully paid for contracts waiting for receipts and with a Volume of 6 up on the board so far today but with zero trading range. We have to assume so much here; is this an entry into, or an exit out of, a spread trade? If these answers are yes, what is the damn price? Silver’s Overall Open Interest gained since yesterday’s early morning count with this morning’s total at 209,719 showing the shorts added 764 more contracts to stay the price or maybe even to push Silver into “the signal”.    

      China is proving to be the issue when it comes all agreements. It wants everyone to do what they demand before they consider what anyone else wants, then after they get what they want, they do a lot less than promised, that is, until Trump! Apparently, China thinks it can make a demand before we give them our food products. Let’s see how long this lasts, especially after the Trump administration forced China to sell the Port of Long Beach which the past administration bent over forward to give away, look how rich Obama is, and only while in office? Now China wants us to give up the tariffs in exchange for nothing, but they promise to buy some food products from us after! Riiight! Now we see something else about China. Apparently, it controls the NBA, via shoes and items they manufacture for sale in order to support the incomes in sports. Kinda makes one wonder if the kneeler, or the NFL, speak Chinese too?     

      This is only the second day of the week, yet what is missing from all news services, is any story about the printing of money in order to keep the system liquid. We don’t forget these things, because it’s the true heart of the problem. That, and the fact that fake news is a real issue as well, now that CNN is caught with pants down proving to have a very small set of (laughable) standards towards factualism. Hearing it directly from Zucker’s mouth means a lot. How far back does this go? Donna Brazille, Don Lemon, Wolf Blitzer, and the entire crew are now sitting in conference rooms asking who said what and when to this administration member who wore a camera to report what is really going on in our news services.     

      Why do we hold precious metals? Because all the Tele-Liars scream at us that precious metals have no value! They do this by printing then saying “look over there”. The charade is ending. Slower than we want, but it is ending. So hang on tight to that which the liars say have no value, keep a positive thought in the head no matter what, and a smile on your face, and as always …   

Stay Strong! 

J. Johnson