The pool of money at the top is losing volume
investing·@webbotreader·
0.000 HBDThe pool of money at the top is losing volume
<html> <p> Great and Wonderful Tuesday Morning Folks, </p> <p> Gold is trading lower at $1,274.40, down $3.20 and right by its bottom at $1,273.20, with the high to beat at $1,278.50. The Tag-A-Long Kid (Silver) is following its name with the trade at $15.00 (July), it too is right beside the low of $14.98 with the high at $15.08. The US Dollar is doing nothing as well with its trade at 97.025, up 7 points with the high at 97.075 and the low so far at 96.955. All this non-activity was done while we sleep, before Comex opens, and all the while the City trades without any rumored physicals involved. </p> <p> The exact opposite of calm trading is happening in the emerging markets with the Venezuela currency moving the price swings of Gold higher and harder in each direction with the price now down 55.93 Bolivar at 12,728.07. Silver is doing the same thing, losing .799 Bolivar taking back some of the previous day’s gain as we can only imagine how tired the traders must be after 2 years of price swing insanity (God I Miss Those Days). Another emerging market currency, the Argentinian Peso, shows Gold now at 54,120.41, gaining another 669.65 overnight with Silver now at 637.036, adding a whopping 6.498 Argentinian Pesos. </p> <p> April Silvers physical demands have done nothing since last week as the count remains at 1 and with zero Volume up on the board so far this morning. The buyer that was attempting to accumulate seems to have given up or has not placed his order as of yet, so the wait game continues to prove supplies are still keeping things going (for now). Ag’s Overall Open Interest lost 3,007 Overnighters bringing the count to 218,033 obligations in trade, with 2 days left before the options expire and the rollovers are complete. </p> <p> Americans are finding it harder and harder to remain in place financially. It seems we keep accumulating more and more debt. As long as we continue to do so, the system remains working even though <a href="https://www.zerohedge.com/news/2019-04-22/americans-are-deep-trouble-23-save-nothing-paychecks">23% (nearly one in four) of Americans are saving not even (or cannot save) one penny from their paychecks</a>. Another stat to consider here is that “<a href="https://www.zerohedge.com/news/2019-04-22/americans-are-deep-trouble-23-save-nothing-paychecks">almost half (49%) said they only have enough liquid funds to cover living expenses for 0-3 months and 26% attribute high costs of living as to why they don’t have as much in savings as they would like</a>”. It’s even harder to be an investor trying to find a good and profitable trade when algos have stolen all volatility and emotions. </p> <p> There are extreme movements happening within the currencies yet the primaries are only showing the lie, with their algos enforcing “calmness” no matter what goes on. The canopy at the top of it all is where the real problems are. The pillars that support this high rise structure has lost support at the base proving a lack of integrity. Even though things are remaining in place, the shaking at the bottom is showing something different, all we have to do is observe the facts and the oddities that GATA and the crew have been pointing out for years. <a href="https://www.abc.net.au/news/2019-04-23/philippines-earthquake-waterfall-skyscraper-rooftop-pool/11036414">The banker’s swimming pool of money at the top of a high rise building, holding up all the primary currencies, has lost tons of volume, and the dumping may already be visible.</a> </p> <p> Doing what Jim and the Bills (Holter and Murphy) have suggested, keeping your assets in hand and in physical, is all one needs to do in order to withstand the flush of inflation we know to be right around the corner. We are secured without the concerns the bankers and politicians have. What better place is there? Have a great day no matter what, and as always … </p> <p>Stay Strong!!! </p> <p>J. Johnson </p> </html>