It’s the FedBugs Day in the Spotlight

by J. Johnson

Great and Wonderful Thursday Morning Folks,

Gold is trekking lower in the early morning with the December Contract at $1,949 down $3.50 and recovering from the low at $1,944.20 with the high to beat at $1,963.30. Silver is down 3.9 cents with the December Contract at $27.565 after hitting a low of $27.23 with the high to beat at $27.81. Our US Dollar is trading higher with the value pegged at 93.12, a gain of 12.4 points after recovering from a drop down at 92.775 with the high nearby at 93.15. Of course, all this happened already, before 5 am pst, the Comex open, the London close, and just before the Virtual FedBugs day in Jackson Hole, Wyoming. Knock, Knock, Knock, Gold is Money!

Gold in Venezuela is now priced at 19,465.64, more than doubling yesterday’s drop, gaining 251.69 Bolivar with Silver’s trade at 275.305 Bolivar, adding 9.438, more the quadrupling yesterday’s pull. Argentina’s Peso now has Gold valued at 143,851.60 providing the holder a 1,958.12 A-Peso gain with Silver adding 70.98 A-Pesos overnight with the last trade at 2,034.54. Turkey’s Lira now prices Gold at 14,312.98 proving a gain, just under yesterday’s drop, of 149.47 T-Lira with Silver now at 202.323 T-Lira almost tripling yesterday’s pull by gaining 6.346 overnight.

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