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Great and Wonderful Tuesday Morning Folks,
Late last night, I observed the hammer coming back to nail the precious metals lower. To me, the desperation is becoming more obvious by the day, as Gold reversed with the April contract at $1,725.50, up $2.50 after being dipped to $1,704.60 with the high to beat at $1,731.40. Silver has yet to recover, but it will soon, with the May trade at $26.35, down 32.8 cents and recovering from the low of $25.82 with the high starting point at $26.745. On the other side of all this is the US Dollar, the continually printed currency of the world, now valued at 91.135, up 9.9 points after going all the way up to 91.405 before the drop with the low at 91.07. Of course, all this happened before 5 am pst, the Comex open, the London close, and after a Texas judge got arrested for, you know, that thing called voter fraud the SCOTUS can’t, won’t, or refuses to hear, in its compromised court.
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Great and Wonderful Friday Morning Folks,
February Gold is trading flat to lower with the last price at $1,834.60, down $2.80 after the dip to $1,826.80 with the high to beat at $1,844.40. March Silver is down 16.4 cents with the last price at $23.90, recovering from the low at $23.69 with the high at $24.195. At this second, the US Dollar is virtually flat at 90.82, oops, now it’s up 18.8 at 91.005, as this trade (game) continues to play out with the high at 91.05 and the low at 90.63. Of course, all this happened, while few are watching, before 5 am pst, the Comex open, the London close, and about an hour and fifteen minutes after this currency swap agreement started again before Monday’s Comex Currency rollover.