by J. Johnson
Great and Wonderful Monday Morning Folks,
February Gold is down $14.80 with the last quote at $1,828.80 after hitting the low of London at $1,820 with the high to beat at $1,845.60. I had to hit the side of my screen this morning because Silver is only down 14.2 cents (I thought the price got stuck) with its trade at $23.95, recovering from its low at $23.755 with the high at $24.175. This is one of a few times for me to see Silver not leading the beatings. Today is the start of our Triple Witch Week, with all currencies expiring at high noon (except the Loonie), with our US Dollar down 44.5 points and at the low of 90.525, with the high at 90.900 so far today. It also seems apparent that the agreed upon trades over the past 3 days are over. Of course, all this happened before 5am pst, the Comex open, the London close, and after the world’s 4th largest shipping line, suspends its cargos bound for South China Ports in early 2021, could it be a problem with international sales after a plandemic?