Now if this was a legitimate election, one would figure both sides would demand and allow the full legal process, aka the game…
Great and Wonderful Friday Morning Folks,
Gold is up $11.50 with the December contract at $1,884.80 after hitting a high at $1,886.40 with the low at $1,872.10. Red Silver is up 14.9 cents with the last trade at $24.455 after it too, just hit a high at $24.47 with the low at $24.215. The never wavering US Dollar is still at 92.895, down 6.1 points with the high at 93.005 and the low at 92.75. Of course, all this happened before 5 am pst, the Comex open, the London close, and after NBC, CBS, CNN, MSNBC, and the rest of the deciding media, have already made the decision who this year’s Super Bowl Champions should be. You jest? Well, the same exact idea is being given right now from Team Biden and the media who will not allow the rest of the game to be played, which should be legal, with referee’s, the challenge and review of certain plays, and observable for all.
Gold in Venezuela is now priced at 18,824.44 Bolivar regaining 16.08 overnight with Silver’s last price at 244.244, it too adding back 1.747 in Bolivar value. Argentina’s issuance now has Gold’s price at 149,850.24 A-Peso’s adding 1,379.79 with Silver adding back 15.41 with the last price at 1,944.28 A-Peso’s. Turkey’s Lira now has Gold gaining back 142.53 with the last trade of the day at 14,510.81 T-Lira with Silver’s last trade at 188.403 T-Lira, increasing the value by 1.733.
November Silver’s Delivery Demand Count now sits at 276 fully paid for 5,000-ounce contracts waiting for receipts, and again, with no further trades or Volume to post up on the board. Yesterday’s trades were blank, with no Price or Volume at all, but 5 receipts may have been given out, reducing the demand count a little and with that Comex Calculated Close at $24.29, providing the hard to find metal a 3.9 cent gain. With no additional physicals being swapped, one has to ask why the Open Interest in Silver had a gain as we see 2,951 more contracts being added bringing this morning’s tally to 159,327 contracts to go against the physicals? Could it be the largest delivery orders are inside the December Contracts?
November Gold’s Delivery Demands now has a total of 261 fully paid for 100-ounce contracts waiting for receipts and with a Volume of 5 up on the board with a trading range between $1,877.20 and $1,876.80 with the last trade at the high, a gain of $4.40 so far today. Yesterday’s Delivery activity happened in between $1,878.50 and $1,866.60 with the last swap at the high, a gain of $17.80, yet the CCC was tallied at $1,872.60, a gain of only $11.90 that had a total of 220 swaps, helping to reduce the count by 88 contracts that may have gotten receipts. Gold’s Overall Open Interest, is once again, showing a fear inside the market as another 5,871 contracts had to be added, at the same time the roll-over out of December into February, is clearly happening, and early.
Bill Russo, deputy communications director for the Biden campaign, is demanding further censorship of Trump, and his violent supporters viewpoints. Yup, these past 4 years of peaceful protests, were Trumps fault, so claims Team Biden’s “Defund the Police” Campaign Communicator. The ones they blamed, just so happen to be the same ones that Support the Police.
We’ve witnessed the election game over the decades. The tallies need time and the arguments need to be heard from both sides. One side seems to not want that to happen. Now if this was a legitimate election, one would figure both sides would demand and allow the full legal process, aka the game. I do understand the one side too. If they can simply say they won, they will never lose another game, nice and fair huh?
Enjoy the entire game, and find a way to smile. Law and Order must prevail no matter what, and I do believe we are seeing that still. Have a great weekend and keep your metals close, and as always ….
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