Great and Wonderful Monday Morning Folks,

Gold is higher in the early morning with the trade at $1,464.40 up $1.50 after reaching $1,467.40 with the low at $1,459.50. Silver is tagging along with its price at $16.840 up 1.7 cents after reaching up to $16.91 with the low at $16.755. The US Dollar seems to be weaker in the early morning with its value pegged at 98.025, down 17.6 points and close to the low at 97.975 with the high up at 98.235. All of this happened before 5 am pst, the Comex open, the London close, and before the Resolute Silver buyers’ steps in again.

Venezuela’s Bolivar now has Gold priced at 14,625.70 giving the noble metal a 58.93 Bolivar gain with Silver at 168.190 Bolivars giving the holder a 0.85 Bolivar gain over the weekend. In Argentina, the Peso now has Gold priced at 87,312.37 A-Pesos giving the holder a 392.21 gain with Silver at 1,002.01 increasing it’s value by 3.49 A-Pesos. In Turkey, the Lira now has Gold valued at 8,457.62, increasing its value by 60.38 T-Lira with Silver now at 97.2432 T-Lira, giving the holder a slight 0.7832 T-Lira gain.

November Silver deliveries are confounding the sellers for sure and for certain with the demands for physicals now at 30 fully paid for contracts waiting for receipts proving an increase of 27 during Friday’s knock down day in price. Just to keep everyone up to date here, last Friday did have Volume of 31 up on the board, but the Comex doesn’t think a price was necessary to post this purchase(s), which is why we constantly look and criticize. Comex has bad math skills, and they are using it to hide the transgressions we’ve claimed for years now. So far this morning, there is No Volume and No Price to post yet as we wait for Silver to be knocked down so the buyer can step in again. Something must have scared out some traders during Friday’s raid as the Overall Open Interest in Silver waned by 3,992 reducing the count to 225,261 Overnighters still in the trade. Remember these tallies are live and are not to be used against the closing totals given at the end of each day.

December Silvers Overall Call Options count fell by 666 contracts, bringing the fully paid for “rights to buy” down to 87,000 purchased Calls, yet there seems to be an increase in the Call option count at and below $18. This part of the overall total increased by 570 bringing that part of the tally to 21,015 “rights to buy” at and below $18. The Silver Overall Call Options Counts for January, February, March, and April have all gained as well. January has a total Call Options Count of 13,484, an increase of 882 with 287 of those under $18 (bringing the $18 and under total to 2,615). February Silver Call totals are now at 5,676, an increase of 1,171 overall with 123 at and under $18.00 (the $18 and under total is now at 1,334). March Silver Calls now tally 20,150 proving an increase of 3,679 overall with 110 more at $18 and under, bringing that total to 6,134. The Overall Total for “at and below” $18 Calls for December, January, February, and March is now at 31,098. Does it mean something? Maybe, which is why we keep watch, because Silvers Resolute resolution(s) is at hand! Insurance or not, these numbers stick out like a sore thumb and for years past and forward (out to 2024).

Apparently $18 in Silver is a big thing, and is ignored on the Options board, so are the physical purchases in the cereal months of Silver, as the Resolute Buyers continue to add more and more positions in the weirdest of ways. Let us not forget a plethora of these Call Options were purchased years ago, as if it was an insurance policy. Up to $100 million was spent on these purchases with the last of these “rights to buy” expiring in 14 days. What could go wrong or what is this planned insurance policy all about?

The answers will come in time. All we have to do is wait it out, because cheap prices are the truest cure for cheap prices. So, keep your precious metals purchases out of the system and in hand. Keep a smile on your face and a positive attitude in the head no matter what and as always …

Stay Strong!

J. Johnson

PS; A Very Deep Bow of Respect to all our Veterans!