January Silver Deliveries continue to make anyone who watches these antics frustrated because the cloud of secrecy continues...
submitted by J. Johnson via JS Mineset
Great and Wonderful Thursday Morning Folks,
Gold is lower in the early morning with the trade at $1,560.00 (April Contract) down $3 and recovering from the London Bop at $1,557.50 with the high to beat at $1,569.40. March Silver's trade is at $17.65 down 17.8 cents after being knocked down to $17.590 with the high to beat at $17.910. If all this is to support the US Dollar, it's not showing in its value with the trade at 97.305, up 1 point inside a 9.5-point trading range between 97.365 and 97.270. Of course all this happened already before 5 am pst, the Comex open, the London close, and after 2 days of Russia, Russia, Russia, being chanted in the Senate, by a group that still believes they know what facts are, especially the facts they choose to ignore. Everyone has the choice of reading the transcript themselves, or wait for their favorite TV show host to tell them everything except to "read the transcript". Btw, we believe most have read the "perfect phone call" and read what the Ukrainian leader said about it too.
Pullbacks seems to be the name of the game these past few days with Gold in Venezuelan, now trading at 15,580.50 Bolivar as the rollovers (Feb to Apr) start to muck up our price changes with Silver trading at 176.279 Bolivar dropping another 1.199 in value. In Argentina, Gold's value is now at 93,578.87 Peso's with Silver losing 7.80 with its price now at 1,058.76 Peso's. The Turkish Lira now values Gold at 9,254.45 Lira with Silver now at 104.706 T-Lira, proving a 0.552 T-Lira reduction in its value.
January Silver Deliveries continue to make anyone who watches these antics frustrated because the cloud of secrecy continues as apparently a purchase and delivery, over the past few trading days of over 1 million ounces in total, went thru without prices being posted and that apparently is ok with Comex proving to us, why they cannot be trusted as we wait for a separate outside auditor (friends of the DOJ?) to confirm what the criminal element and its governing friends claim is not worthy of a price. Today's Physical Silver Demand count is now back to 3 proving a reduction of 152 and again, without any prices posted during yesterday's trades. So far this morning we have a Volume of 2 and again with no price.
Silver's Overall Open Interest increased during yesterday's activity with the total count now at 234,188 Overnighters, proving 228 more shorts had to be added in order to stay the price, as we wonder how many more shorts had to be added during the early morning London Bop to get the price as low as it is now? Gold's Open Interest current sits at 790,354 proving the rollover reduction of 4,374 Overnighters and with 5 more days before the Options come off the board, then making February the point of delivery.
Nothing yet seems to shake the precious metals price free from control. The Open Interest is still highly elevated proving the over assigned paper contracts, "IS" the price control mechanism as the deliveries, which seem to get ignored by everyone but us (JSMineSet and the GATA Team), are brushed aside and as the Repo-Printing continues since Sept 17th. Someone posted a good question which we will repeat; "Was the REPO emergency caused by the spike in Silver's price that started in the last days of May"? It is within this time period that ended our 100-million-dollar Silver Call Options insurance policy that someone placed over 4 years ago at the same time the Open Interest found more paper.
We stand guard and bring forth everything we can regarding the elements of criminal activity within the markets that are manipulating the prices of real money. In short, All Comex Deliveries Matter! Especially a million-ounce purchase within the Comex that got no posted price. None of this can last without physicals.
So, keep that smile on your face, a positive attitude in the head no matter what, and as always ...
Stay Strong!
J. Johnson