If there is a delivery problem, it will be too late to get more at these cheap prices. Who's gonna blink first, Comex or the Silver-Apes?
by J. Johnson via JS Mineset
Great and Wonderful Friday Morning Folks,
Gold is up $7.40 with the June Contract trading at $1,742 with the high at $1,746.70 with a low at $1,729.30. May Silver is down 11.1 cents with the trade at $26.24 after the dip to $25.925 with a high to beat at $26.29. The US Dollar's value is pegged at 91.92, up 5 points with the high of London at 91.98 and a low at 91.665. Of course, all of this happened before the Comex open, the London close, during the Triple Witch Week, and while precious metals sales continue to skyrocket, more now than ever before, and thanks to a bunch of primates as well as other species who see and understand what is happening right now.
Gold in Venezuela is worth 17,398.23 Bolivar proving a gain of 132.84 overnight with Silver gaining 0.40 of a Bolivar with its last buy at 262.07. Argentina's latest price for Gold now registers an 1,187.95 increase, with the last trade at 158,858.08 Peso's with Silver adding 4.08 to its value with the last buy at 2,393.62 A-Peso's. Turkey's Lira has Gold valued at 12,647.81 showing a reduction of 266.54 Lira with Silver doing the same losing 2.05 with its last price at 190.60 T-Lira's.
March Silver's Delivery Demands remain constant with 1,048 fully paid for 5,000-ounce contracts still waiting for receipts with a Volume of 12 up on the board and a single price, $26.055, down 26.6 cents so far today. Yesterday's full day of ICE deliveries happened in between $26.435 and $25.90 with the last purchase at $26.05 and a Comex Calculated Close tallied at $26.321, a gain of 29.1 cents on the day that had a total of 81 swaps that only reduced the demands by 18 contracts. Silver's Overall Open Interest lost only 8 pieces of paper over the last 24 hours leaving a total of 160,876 Overnighters willing to monkey around the Comex while Silver is being removed at every level. Who's gonna blink first, Comex or the Silver-Apes?
March Gold's Delivery Demands are also constant with the count now at 1,181 fully paid for contracts waiting for receipts with a Volume of 11 up on the board and a singular purchase price of $1,742.20, a gain of $10 over yesterday's close. Thursday's full day of delivery trade happened in between $1,750.30 and $1,721.80 with the last buy at $1,727.40, after the CCC at $1,732.20, a gain of $5.40 that had a total of 138 new swaps that only reduced the demands by 85 contracts. Gold's Overall Open Interest lost 3,400 contracts to short against the demands leaving a total of 476,616 Overnighters to trade against the physicals, until there is no more.
WallStreetSilver's primates are making enough noise to cause Jeffrey Christian to come out and tell them how misguided they are. This should go over well since we all witnessed how off Christian was, when he challenged GATA's stance, in front of the CFTC hearing, claiming that there is no manipulation. 10 years later, we have JP Morgan paying almost a billion dollars in penalties for manipulating many markets, including Silver.
Here is the look we have regarding anything this apologist says, from Reddit's WallStreetSilver group.
We will continue to teach others to hold physical Silver and Gold. With most people stuck at home for over a year, our kids may be picking up these reasons, early!
Find that smiles, and keep packing and stacking. If there is a delivery problem, it will be too late to get more at these cheap prices. Enjoy your weekend and have a prayer for all, and as always ...
Stay Strong!
J. Johnson
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