Nationalism vs. Socialism, guess who wins? Ag/Au
Good Tuesday Morning Folks,
We start our day off with a mixed bag of goodies with Gold down $1.60 at $1,285.90 but only after it rallied to $1,290.60 before the brakes where applied with the low right where we are now at $1,284.30 and inside a tight $7 trading range. Silver is showing the positive signs of life with its trade at $15.12, up 1.5 cents after it reached $15.175 with the low at $15.08 and just inside its tight 9.5 cent trading range. The Dollar is barely moving as well with its trade at 96.675, up 6.5 points inside a trading range between 96.735 and 96.585. Of course all of this being done way before 5 am pst and the Comex Open. In Venezuela, Gold is now priced at 12,842.93 Bolivar losing 13.98 overnight with Silver at 151.011 losing .449 Bolivar as the gyrations seem to be slowing down in order to see what will happen next.
It looks like the March Silver Deliveries have started off with a bang and a large drop in Open Interest with the count now at 845 demands for physical, dropping a total of 590 contracts into delivery system somewhere between here and London with the Volume of 34 up on the board so far this morning. The Silver shorts have lightened their load a bit with the total Open Interest Count now at 190,122 Overnighters proving a drop of 6,419 obligations leaving the trading scene over Monday and the weekend.
European Socialism is failing! The battle between the Nationalists and Socialists is reaching a fevered pitch as the Yellow Jackets continue to rise up against the socialists already in place and as the socialists continue to attempt to appease their minions but the hatred for Macron and the EU leadership is much deeper than the politicians seem to understand as now the British people see more reasons to never get involved in this ruling from above scheme, but they too have been caught up in the socialists trappings created by their elected officials. The Brexit vote is not that far away again, Guess who wins in the end?
The nation of Italy seems to be the head of the Nationalist Leaders of Europe as they continue to add more and more pressure against the EU socialists with their attempts to control from outside the nation as we see the winners eventually being the workers who pay for everything in sweat, labor, and taxes. These two ideologies have been duking it out for a while now but the socialists view has been proven to be lacking any integrity. If it had integrity, the nation’s people would be allowed to vote for it, but since the people are not allowed to vote for it, this alone proves it would fail. The voters are now damning the politicians at every step. The issues will only worsen the value of their currency and debt system they live under, and will eventually prove why it is important to be out of the system while their currency and debt get restructured.
Holding onto precious metals while all this stuff gets shaken out, is still the best way to make it thru the transition. The people of Venezuela, who held onto Silver and Gold as their savings instead of Bolivar, are proof positive that this idea of being your own bank is better than being the central banks sucker. So hold on to the real, watch the markets do what it has to do to get right, and keep that attitude positive no matter what is placed in front of you, if you do, you will always …
Stay Strong!
J. Johnson