Great and Wonderful Friday Morning Folks,
It’s the end of the fiscal year and the third quarter with Gold now trading at $1,672.10, up $3.50 after hitting a high of $1,682.90 with the low at $1,667.50. Silver is up 25.8 cents at $18.97 after reaching up to $19.185 with the low at $18.745. The almighty US Dollar is still getting international support with its last calculation set at 112.550, up 34.8 points with its high right there at 112.262 with the low, so far today, at 111.54. Of course, all this happened once ICE re-opened, before Comex starts, London stops, after Putin responds to the sabotage, and after resident Biden says ‘democracy is at stake’ after the Italians democratically elected a “right-wing” government. Which makes me wonder how that phone call will go “if” Joe calls to congratulate the new Italian-Lady-Trump-PM?
In Venezuela, Gold last traded at 13,598.10 Bolivares, proving a 126.39 gain with Silver’s price adding 2.54 with its last trade at 154.27 Bolivares. Under Argentina’s fiat, Gold reached 245,909 Pesos, a 2,444.80 overnight gain with Silver’s last buy at 2,789.77, a 47.68 A-Peso gain. Under Turkey’s currency, Gold’s price gained 256.74 Liras at 31,027.09 with Silver’s last trade at 352.02, a 5.45 T-Lira gain. Under Russia’s Ruble, Gold’s price gained 639.67 at 96,785.02 with Silver’s last buy at 1,096.58 Rubles, a 13.74 gain.
It’s First Notice Day for October Deliveries with the demand count for Silver at 316 fully margin contracts still in trade with a 4-Lot Volume up on the board that traded in between $18.965 and $18.845 with the last buy at $18.96, for a 34.9 cents gain, so far today. Silver’s Overall Open Interest proves 63 contracts got added overnight giving us an early morning total of 129,810 Overnighters that represent what is left in all Comex warehouses, helping to prove that Comex is no longer leading jack, and is at the mercy of all buyers from here on out.
October Gold’s Delivery Demands now stand at 21,252 fully margined contracts standing for delivery with a 174-lot Volume, up on the board that traded in between $1,671.40 and $1,658 with the last buy at $1,661.50, a $3 gain so far today. Gold’s Overall Open Interest dropped 3,318 contracts overnight giving us an early morning total of 454,064 contracts to trade against the physical demands.
In Michigan, the voting frauds continue as an election worker is charged with two felonies over alleged ‘Extremely Egregious’ Voting Equipment Tampering during last August’s 2nd primary.
The State Election Board in Georgia has asked for the help of the FBI in a criminal investigation into a breach of its systems in Coffee County. Apparently “The conduct in Coffee County is similar to the conduct in Antrim County, Michigan, and Clark County, Nevada,” elections board Chairman William Duffey Jr. said. It’s too bad the legacy media ignores this multi-year spread of evidence, which is why they continue to witness a collapse in their revenue streams and viewership’s.
A thought came to mind in regards to the global play on precious metals. Comex has truly weakened, the collapse in Volumes (once, more than triple the daily OI) and Open Interest are proof of that. It’s also quite obvious someone wants a war and with that, their could be ways to weaken an enemy before it starts. G. Edward Griffin’s book; “The Creature From Jekyll Island” tells the tale of Napoléon Bonaparte’s war expansions. The Rothschild family organized the theft of Napoleon’s gold making them unable to proceed with any success. My point being, a broke country cannot war.
With the weakening of positions at the Comex in both Silver (its OI high was 246,078) and Gold (698,541), the same type of theft could be done at the exchange levels. China and Russia together, can simply “ask” for sharply higher prices for all physicals, blowing out all “offers” at the LBMA and Comex, draining everything or, the LBMA and Comex will be forced to match these sharply higher prices. What if Comex and LBMA did the reverse to Russia and China? Just a thought.
Let the volatility in the global currencies and bonds point the way. How many more 200+ point daily swings in the Dollar Index will it take before an Algo breaks or causes a nation to go broke and restart their QE again like Britain. Holding precious metals, shares, and positions in time, will prove it all. Have a great weekend and keep stacking the shiny.