Great and Wonderful Monday Morning Folks,

Gold is trading down $6.30 with the price at $1,860, right smack in the middle of the range between $1,869.10 and $1,851.10. Silver is flat to lower with the last trade at $23.02, down 7.3 cents after the dip down to $22.61 with the high to beat at $23.19. The US Dollar is not as flat as the metals with its value losing 42.2 points with the calculated value at 94.25, one point off the low with the high at 94.67. Of course, all this happened before 5 am pst, the Comex open, the London close, and after Project Veritas, a real news service, totally exposes the frauds that are called Ilhan Omar and her connection to a “car full” of already filled out – absentee ballots.

Gold in Venezuela now has an 18,576.75 Bolivar price attached to it showing a 12.98 pullback from Friday’s price with Silver now at 229.912 providing the holder a 1.797 Bolivar gain. In Argentina, Gold’s value is now at 140,933.73 A-Peso’s providing the holder a gain of 195.53 with Silver now at 1,744.24, already giving Friday’s buyer a 16.47 A-Peso profit. Turkey’s Lira popped in a gain of 306.76 for the Friday buyer with the price for Gold now at 14,496.99 T-Lira’s with Silver’s last trade at 179.504 T-Lira, a gain of 5.341.

September Silver’s last day of delivery now has a Demand Count of 12 fully paid for 5,000-ounce contracts waiting for delivery with a Volume of 41 already up on the board with a trading range between $22.74 and $22.695 with the last swap at the low, down 32.2 cents. That’s only an addition of 205,000 ounces of the real stuff, Hello Mr. Resolute! Friday’s delivery activity happened in between $22.98 and $22.73 with the last swap at the high, that also had a Volume of 21, which in turn, reduced the delivery demands by the same quantity (FIFO?), with that Calculated Close at $23.07, where no trade was made. Silver’s Overall Open Interest continues to wane with the count now at 153,396 short contracts, that go against the physicals, proving a reduction of 1,611 Overnighters since Friday mornings tally.

This morning’s September Delivery Demands in Gold, now has a total of 48 fully paid for 100-ounce contracts waiting for receipts, with a Volume of 19 already up on the board, yet with no trading range or price. Friday’s delivery activity happened with one price, at $1,856.30, and still a CCC had to be applied at $1,857.70, giving the noble metal a loss of $10.60 and only because of the papers, also reducing the delivery count by 180 contracts that might have gotten their receipts between here and London. Gold’s Overall Open Interest now has a total of 559,438 Overnighters, showing the continuing paper reduction with today’s early morning count taking away 2,479 short contracts that go against the physicals.

Friday evening, after all the markets closed, the DOJ reported that two former Deutsche Bank traders were convicted of engaging in deceptive and manipulative trading practices in our U.S. Commodities Markets. Towards the end of the article, it claims that “Individuals who believe that they may be a victim in this case should visit the Fraud Section’s Victim Witness website for more information”. If one is crazy enough to trade the markets, they may consider adding their names to the list. There may never be a return from these organized thefts from all the banks, but at the very least, it may provide a number of people and entities that were robbed daily by the central banks and friends, with their practices, helping to prove how bad the system really is, when the convicted NEVER have to give back money to those they stole from, and how the CFTC takes what it needs via their penalties, and allows the thieves, under their watch, to thrive.

The first 2020 presidential debate will be held tomorrow, at 5:00 pm pst with Trump asking for a Pre and Post Debate – drug test for himself and sleepy Joe. Now that we have several, factual, and “live”, evidence of ballot harvesting, I expect another category to be brought up during the debates. I really do believe the debates are absolutely necessary for both sides, and fun to watch, seriously. After all, it’s “Politics American Style”! I also think there should be an open forum, not just a list of topics. The best part will be those witty comebacks, that add so much to it all.

So smile, and hang on tight to the physicals, while we make it thru the last delivery day of September, the presidential debates, and the end of the 2020 fiscal year. What can go wrong, if one holds physical Silver and Gold? As always …

Stay Strong!

Jeremiah Johnson

JeremiahJohnson@cableone.net

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