Silver Options Anomaly, May Still Be An Anomaly!
Great and Wonderful Friday Morning Folks,
Gold is trading higher with the February Contract at $1,476.50, up $6 after reaching up to $1,480.30 with the low at $1,470.40. March Silver is following along with its trade at $17.27 up 5.9 cents after a high was reached at $17.355 and a low at $17.18. The US Dollar, which is under the questionable control of a middle of the night Congressionally approved rouge element, is trading at 97.940, up 4.1 points after hitting a high of 97.96 with the low at 97.70. All of this was done before anymore physical Silver was purchased at the Comex, 5 am pst, the Comex open, and the London close.
In Venezuela, Gold is now valued at 14,746.54 Bolivar, showing a drop of 9.99 in Bolivar value with Silver at 172.484 proving a gain of 0.499 Bolivars. Argentina’s Peso now has Gold valued at 88,191.11 Pesos proving a gain of 129.60 Pesos per ounce with Silver at 1,031.63, it too gaining 5.30 Pesos in the overnight. The Turkish Lira now has Gold’s value set at 8,425.04 giving those that hold a 15.62 T-Lira gain with Silver at 98.5442 giving the holder a 0.5504 T-Lira gain.
November Silver Deliveries have virtually stopped with no additional purchases made all week long, that is if one can believe the numbers Comex spews, I mean posts, with the demand count still stuck at 6 fully paid for contracts waiting for receipts and with no price or trading range to offer so far today. Those Bid and Ask prices in the November Contract sure are something to observe since they get posted and change, all day long, and yet no activity is ever posted in price.
Silver’s Overall Open Interest is still gaining more shorts with the count now at 223,661 Overnighters, proving another 998 more short contracts where added during the rollover period and just before the Options Expiration Day, this coming Monday. The December Silver Contracts now show an Open Interest tally of 58,021 still in the trade. This count MUST be reduced significantly, because it totals 290,105,000 ounces of Silver, and within the next 3 days of trading. If that number remains consistent, Comex and its warehouses have a problem. Admittedly, these numbers always get reduced, in “Just In Time” fashion, that is until? With the Options Count below the $18 strike close to being 40% of the December Futures Open Interest, the Silver Options Anomaly, may still be an anomaly! I sure hope it means something, for the history books (and my account).
Monday will come and go. The anomaly however, will either add to, or take away, what we already know is a criminal element involved in our precious metals market. In addition, the idea that a foreign entity (HSBC) can add another layer of paper to the first currency of mankind, and in our market, should be looked at by all, not just a small group of “willing to paper over everything” bankers. They are still playing the John Law approach, forcing the price of real money lower (using laws and edicts) in order to keep the uncontrollably printed currency higher than the original. With the Biden story finally coming out with an the rumored arrest warrant issued for Hunter by the Ukrainian government, it may expose the money laundering the past administration did with Ukraine during the time when an airplane was shot down, under our past administrations watch.
So much intrigue is happening around the world with many nations loyalties being realigned at the same time a criminal element is being exposed, along with other major banking institutions acquiring US Dollar’s at a pace that is mind boggling, one has to wonder where the past administration got all this money to give to Ukraine and Iran, and what obligations were required to receive that money? Is there a direct link to the Federal Reserve and these questionable and hidden from the public view events? I sure think so, but I will allow time to prove it all. Have a great weekend. Keep your precious metals in hand and out of the system in collapse. Keep a smile on your face and a positive thought in the head no matter what, and as always ….
Stay Strong!
J. Johnson