Precious Metals Prices Rise as the Open Interest Falls

by J. Johnson

Great and Wonderful Friday Morning Folks,

Gold is positive in the early morning with the trade at $1,558.80, up $8.30 and right by the high at $1,559.30 with the low at $1,549.30. Silver, our red headed step child, is still being dragging along with its trade at $18.095, up 15.6 cents after hitting $18.105 with the low at $17.905. The US Dollar trade is still under support (for now) with its value pegged at 97.215, up 15.30 points after hitting 97.25 with the low at 97.010. Of course, all of this happened already before 5 am pst, the Comex open, the London close, and after Trump nominates Chris Waller and “Gold Bug” Judy Shelton to fill the Fed vacancies, Q the BOOM! (Fed Res absorbed back into the US Treasuries control?)

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