Great and Wonderful First Day of February Folks,
Gold is trading in the green with the April contract now at $1,867.40, up $17.10 after the rally to $1,876 with the low down at $1,851.70. Short squeezed Silver is up $3.026 with the March contract at $29.94 after it reached $30.35 with the low down at $28.155. The internationally accepted US Dollar now has its index valued at 90.795, up 22.6 points after it reached 90.92 with the low at 90.49. Of course, all this happened already, before 5 am pst, the Comex open, London close, and after Veritas exposed the fact that Zuckerberg and his facebook team have been isolating “hate speech” for 4 years now, utilizing other governments ideas on what hate speech is. They are in the midst of killing our First Amendment, their next trick will be our right to defend ourselves. Wait! That’s happening too, if one lives in
Antifa-land; Portland and Seattle.
Venezuela, one of the places that might be determining our hate speech and (Dominion) voting, now has Gold valued at 18,650.66 Bolivar, losing 7.99 from Friday’s gains with Silver gaining 24.569 with the last buy at 299.026 Bolivar. Argentina now has Gold valued at 163,036.58 Peso’s proving a gain of 213.08 with Silver’s last price at 2,614.20 a gain of 219.09 A-Peso’s. Turkey’s Lira price for Gold is at 13,400.11, showing a loss of 225.98 Lira with Silver adding 14.353 T-Lira with the last trade at 214.830.
February Silver Delivery Demands now has a total of 691 fully paid for contracts waiting for receipts and with a Volume of 354 already up on the board with a trading range between $30.16 and $28.30 with the last buy at $29.97, up $3.07 so far today. Friday’s full day of delivery trade happened in between $27.575 and $26.37 with the last buy at the low with the Calculated Comex Close tallied at $26.90, a gain of 99.1 cents that had a total of 32 new swaps to deal with, helping to reduce the demand count by 985 contracts that got receipts, maybe. The paper contracts keep piling up in order to keep Silver liquid as an additional 1,370 contracts got added to the Overall Open Interest giving us an early morning total of 178,897 contracts to trade against the physicals.
February Gold’s Delivery Demands “is still a biggie” with the count at 16,853 fully paid for contracts waiting for receipts and with a Volume of 519 already up on the board with a trading range between $1,871.90 and $1,850 with the last swap at $1,864.10, a gain of $17.80 so far today. Friday’s full day of activity happened in between $1,876 and $1,838.70 with the last buy at $1,847.30, a gain of $9.40 that had a total of 1,534 swaps helping to reduce the demand count by 16,470 contracts, that got something, maybe. Gold’s Overall Open Interest lost 15,789 contracts, mostly inside the deliveries, leaving us an early morning total of 520,802 paper obligations to trade against what’s left in physicals.
The Great Silver Squeeze is on, after WallStreetBets introduced to the world, what we’ve been talking about for a generation. The bigger issue for the central shorts now, is an entirely new age group with money, which just might have a few of those “Occupy Wall Streeters” adding to the story. This new group of investors just found out that the players on Wall Street have been manipulating Silver more than any other commodity or share(s). Their idea is not only to accumulate wealth, but to bust the system wide open. Which they just might have done, stay tooned!
With the way the politicos and certain branches of government have responded, it makes me wonder if a few of them have their accounts at a certain hedge fund that was short certain shares just before their game got stopped. Are these new kids on the block going into the precious metal shops and buying physicals as well as SLV? Will it lead to other exposures which in turn will cause more people to follow “the trend is your friend” to the end? Robinhood has a liquidity issue for sure and for certain as they now are limiting withdrawals, with that signpost up ahead that we have witnessed in the past.
Enjoy the day, get more Silver, if you can, and watch from the sidelines. Give those that do trade, in the shares and commodities, the respect they deserve, as everything unwinds like we knew it would. We welcome the new kids on the block for their ideas; getting back at the gang of centrals, and taking physicals as well … Keep the faith, have a prayer for all, and as always ….
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