Happy First Day of Winter and the shutting down of the US Federal Government!

in #investing6 years ago (edited)

   

           We start our day of threats off with Gold trading lower with the February contract priced at $1,263.40, down $4.60 with a low at $1,259.30 and a high to beat at $1,266.20. Silver is down as well with the March contract at $14.75, down 11.9 cents with the low at $14.68 and the high at $14.86. Overseas traders are buying into our US Dollar (and with a government shutdown we have to ask why when there’s silver and gold?) with the March contract at 96.12, up 39.2 points with the high at 96.195 and the low at 95.73, all this done sometime way before 5 am pst. The Venezuelan view of Gold’s price is now at 12,577.26, gaining 5.99 Bolivar with Silver’s price at 147.316 losing .599 Bolivar over the past 24 hours.     


       The December delivery count continues to contract with the number on the board at 111 demands for receipts, somewhere between here and London, with zero Volume on the board so far. Silver’s overall Open Interest jumped some 1,860 overnighters adding themselves to the mix with the total count now at 174,588 obligations helping us prove, once again, that fiat printers cannot allow the real money of mankind to fly against their folly.    


      US Federal Government shut down starts today! We approach this as a real shut down because Trump has been steadfast in the demands of the people as he monkey hammers the weak thinking Republicans who are still part of the old crowd getting pushed out as they thought they could sway the president with this so called bipartisan agreement. To their surprise, Trump has a good memory and he reminded Ryan and the old school they promised the country’s citizens a wall, and they lied! So the blame game is on, but don’t worry! America will get its wall, even if the Dems are able to find a way to delay against the wishes of the population. This is not a Dem vs. Rep thing. This is the WILL OF THE MAJORITY OF THE PEOPLE IN OUR COUNTRY! The voters made their decisions and their reps are going against it.    


        Today is the last day of the Triple Witch Week, in which all quarterly paper options are settled out as well as (during the entire week) all US Bonds/Notes/Treasuries are rebalanced as the currencies get rolled over with the paper markets taking away all gains for the year as the Federal Reserve continues to remove any additional money being made by those that are forced to pay interest on cash, that the fed prints at will, sucking dry whatever additional income that may be in the wallets of the blue collar worker who uses credit for anything. In our opinion, Trump’s criticisms of the Fed is well received and fits right in line with Ron Paul’s views as well. If there was ever a chance to take out the Federal Reserve completely, this guy may be the one. Q, the mouthpiece of the administration, that helps bypass the media, warned us on Dec 12th that Gold shall destroy FED.   


       France seems to be missing from the news and we’re beginning to wonder if there is a government of France at all anymore. Where the hell is Macron? Google and DuckDuckGo his name for today’s news search and you’ll see what I see … nothing! Maybe it’ll show later. So we ask, is it too early to make the no more government guess? Brexit is another missing story to wonder about too, if the media doesn't report things like this is it because it is a “somethingburger”? We’ll see in time  


      With all the commotions going on out there, we still see no reason to be worried if we are holding our wealth in physical silver and gold. Things are changing as other things don’t. We decipher what we can but none of this gives us a good feeling about the future of cash and money valuations, which is why we strongly suggest you keep your wealth in hand and away from the central system failing right before our eyes. Have a wonderful weekend, keep a positive attitude no matter what, and as always …   


Stay Strong! 

J. Johnson