Posted at 6:25 PM (CST) by & filed under General Editorial.

If one offered investors a fat tail put option that never decays or expires, costs about -1% pa to carry, has no counter party risk & no chance of ever becoming worthless, there would be a line out the door. But when one explains that this option is physical gold… no interest.

          S. Mikhailovich

Posted at 2:21 PM (CST) by & filed under

By Greg Hunter’s (Early Sunday Release)

Four time, best-selling author Jonathan Cahn says President Trump was put into power by divine intervention. This has happened many times before according to the Bible. Cahn contends, “Trump is following this pattern where a nation, as in ancient Israel, was about to really fall and falling away from God, he raises up an unlikely figure who is providing a window of time and holding back the flood. Trump is that person. It’s not about Trump . . . but he is now holding back, his Presidency is a window of time right now. At the same time, if he doesn’t get re-elected and Democrats get, in it’s a whole different ball game. Then that wall is going to come down and there is going to be a flood. In the time of the Trump presidency, we are watching a continual apostasy, a continual move away from God in every possible way. So, we are at a time of great polarization. The country is very divided, and Trump is a lightning rod of that division. One side will do anything they can do to get him out, and the other side is praying that he stays in.”

“Nothing is an accident,” says Cahn.   His newest, soon-to-be-released book called “The Oracle” proves the existence of God through Bible prophecy and math. Cahn goes on to say, “One of the mysteries of ‘The Oracle’ is when God does something, it is exact times, and it even involves the birth of people. So, when the first American Cyrus is in power, President Truman, God brings forth the second American Cyrus. Donald Trump was born in the reign of Truman, the first American Cyrus, and his whole life is going to be linked to it. . . .Donald Trump follows this mystery in amazing ways. . . . Trump even quoted a quote from Cyrus (of ancient Persia). Truman never recognized Jerusalem, but Cyrus did (in the ancient world), and Trump is the one who did it. So, now, Trump is the only other one just like Cyrus did. He recognizes Jerusalem just like Cyrus did. He speaks about building a house in Jerusalem, an embassy, just like Cyrus did. Cyrus spoke about building a house in Jerusalem. And to put it all together, about the hand of God in our lifetime, here’s what happens. With Cyrus, there is this 70 year mystery. . . . The Bible says, and this is about Cyrus, a king rose up and allowed the Jewish people to return from exile after 70 years. Trump gave the Declaration of Jerusalem in 2017. . . . You go back 70 years and you get to 1947, the year Israel is voted into existence, the beginning of Israel. . . . Where does the 70 year period fall to the day? It falls on December 6, 2017, which is the exact day Donald Trump issues the Declaration after 70 years, according to the mystery to the very day.”


Posted at 8:33 AM (CST) by & filed under In The News.

J. Johnson’s Latest – The Resolute Longs in Silver Still Refuse To Leave
August 23, 2019

 Great and Wonderful Friday Morning Folks,   

      Gold still has some pressures to deal with in the early morning with the trade at $1,505.80, down $2.70 inside a real tight trading range between $1,508.80 and $1,503.00. Silver is trading in the green with December’s price at $17.20 up 2.2 cents and being the high so far with the low at $17.105. The volatility is the exact opposite in the US Dollar with its value pegged at 98.32, up 25.6 points and close to the high at 98.35 with the low at 98.085. All of this happened before 5 am pst, the Comex open, the London close, and (the soon to be fired?) Jay Powell’s speech in Jackson Hole.     

      We show nothing but gains today in the emerging markets watch with the Venezuelan Bolivar adding 23.97 to the value of Gold with the current price at 15,039.18 Bolivar with Silver trading at 171.785 Bolivar, putting back 1.298 into yesterday’s price. Argentina’s Peso added 1,225.42 to Gold’s value with its price now at 83,673.90 Peso’s with Silver at 955.837 Peso’s showing 19.697 being added as well. Over in Europe, the Turkish Lira now has Gold valued at 8,679.27 it too showing a gain of 13.67 in Lira value with Silver adding 0.7687 to its price at 99.1382 Lira.     

      We are getting closer and closer to the Sept Delivery cycle with its count still highly elevated at 72,183, but we still have to deal with August’s final days with its count still at 1 lone buyer with his demand for 5,000 troy ounces and with no Volume or trading range to offer once again. Apparently the Resolute Longs are refusing to leave the field of play as the Open Interest count increased by 765 Overnighters giving us a total of 235,591 Obligations still in play. WTH are we looking at during this rollover period? It appears the Resolutes are still buying the dip and the shorts are still trying their “don’t flinch” approach. Is this the edge of your seat, get the popcorn out, and let’s see what happens part of the show? It sure could be (this batch of popcorn needs more butter)!   

      September Silver’s options come off the board this coming Tuesday, with the obvious move being to sell off the profitable positions before the rollover, and that may still occur. But that hasn’t happened yet with last night’s count of “Deep In The Money Options” still totaling 15,124 “Rights to Buy” at and below the $17 strike. The reduction in count from last Friday to now is only 126 in total. To add to this anomaly the Open Interest count in the $17 Call was 1,426 “Rights to Buy” held 2 days ago, now we have a count of 1,503 proving someone is adding positions not subtracting.    


Posted at 8:51 AM (CST) by & filed under In The News.

J. Johnson’s Latest – The Resolutes Remain Strong! That IS Impressive!
August 22, 2019

Great and Wonderful Thursday Morning Folks,   

      Gold is getting hit after the gagged J-Hole event with December’s trade at $1,503.40, down $12.20 and right beside the usual London low at $1,502.10 with the high at $1,514.60. Silver is correcting as well with its December trade at $17.07, down 22 cents with the London low right here at $17.055 with the high to beat at $17.265. The US Dollar is still not responding to any of the precious metals activity with its’ value still stuck at 98.21, up 3.1 points after reaching 98.29 with the low at 98.005. All this happened before 5 am pst, the Comex open and the London close.    

      We have mixed signals in the emerging currencies this morning with Venezuela showing Gold’s trade at 15,015.21, losing 68.89 in Bolivar value with Silver at 170.487, losing 1.298 Bolivar. In Argentina, the Peso has Gold priced at 82,448.48, proving a drop of 198.50 A-Pesos with Silver now valued at 936.140 A-Pesos showing a drop in value of 5.165. These corrections don’t seem like much movement compared to the past ones, do they? In Turkey Gold has gained value with the trade now at 8,665.60 T-Lira proving the increase of 40.32 with Silver at 98.3695 T-Lira’s it too proving a gain of 0.1477 in value.    

      The August Silver deliveries now total 1 lone demand for physical and with Zero Volume up on the board so far this morning proving 4 receipts where settled out during yesterday’s trade either here or in London with the odds of delivery here being lower than the count (based on %’s). This is where Le Metro Pole’s Harvey Organ and Nick B’s stats matter the most. Silver’s Overall Open Interest shows a slight drop in count with the total at 234,826 Overnighter’s still in play and only taking out about ½ of what was piled on before the FOMC meeting proving 3,838 Obligations leaving the field of play. Regardless of the price swings, the Resolutes Remain Strong, and that IS impressive!    


Posted at 6:21 PM (CST) by & filed under

By Greg Hunter’s 

Journalist Alex Newman says President Trump is at war with the Deep State, New World Order globalists that want to destroy America. Are the forces of good making headway against the forces of evil? Newman explains, “I think we are. I think the election of Donald Trump shows how much headway we have made in this battle. Donald Trump ran on an anti-globalist platform. He made fun of the UN and said it was no friend of freedom. He talked about it as if it was a dictators’ club, and it is. He talked about the man-made global warming hoax being a hoax by the communist Chinese. He talked about the need to shrink government. He talked about the need to secure the border. These are all policy positions that are abhorrent to the New World Order crowd. Those are the ones who want to abolish nations and get rid of private property rights, at least for us and not for themselves. They want to undermine the family unit. The want to undermine marriage. So, Trump really ran on a pro-America and a pro-freedom platform, and despite all of the media being opposed to him, he won! . . . I think the globalists are a little bit nervous, in fact, maybe a lot nervous. . . . They realize that the American people have the will and the means to resist this totalitarian agenda. I think that frightens them.”

The Deep State has had help from big tech from the beginning. Newman contends, “A lot of these big technology companies, and people don’t realize this, they have been tied to the Deep State and the establishment from day one. DARPA has been involved in financing some of these companies. . . . Now we know that Google has been trying to interfere with our elections. Google has been manipulating our search engine results. We know this from documents that have come out. If you go to Project Veritas, you can read these documents for yourself. You can hear the testimony of people who have come out of these corrupt companies. We have a very serious problem on our hands, and I am delighted to know that Donald Trump is looking into this.”


Posted at 10:13 AM (CST) by & filed under In The News.

J. Johnson’s Latest – The Resolute Buyer(s) Vs. Overwhelmed Silver Shorts
August 21, 2019

 Great and Wonderful Wednesday Morning Folks,    

      Gold is trading lower this FOMC morning with December’s trade at $1,510.30, down $5.40 after dipping down to $1,506.50 with the early morning high to beat at $1,518.40. Silver is held back as well with Decembers price now at $17.20, down 8.6 cents after it was pushed to $17.115 with the high close by at $17.265. The US Dollar doesn’t seem to be moving at all compared to the metals with the value pegged at 98.03, down 3.3 points and very close to the low at 98.02 with the high up at 98.18. All of this occurred before 5 am pst, the Comex open, and the London close.    

      The emerging markets currency watch is showing price reductions with the Venezuelan Bolivar now valuing Gold at 15,084.12 showing a 63.92 Bolivar drop in value with Silver now priced at 171.785 showing a gain (only due to the Sept/Dec rollout) of 1.997 Bolivar. In Argentina, the Peso now has Gold valued at 82,646.98 showing a loss of 533.01 A-Pesos with Silver now at 941.305 A-Pesos. The Turkish Lira now has Gold trading at 8,625.28 proving a loss of 52.36 T-Lira with Silver now gauged at 98.2218 Lira.    

      The Delivery Count for August Silver proves a purchase was made during yesterday’s trades as the buyer came in and added 4 more fully paid for contracts to the mix leaving the Open Interest at 5, also proving 1 buyer got his receipt for physicals as well. So far this morning we have Zero Volume and no trading range to offer as we wind down the physical deliveries for the month.


Bill Holter’s Commentary

Helicopter money? Ya’ think!

PIMCO Starts Dumping Bonds, Fears “Helicopter Money” Around The Corner
August 20, 2019

Amid a collapse in global bond yields (to record lows) and soaring aggregate volumes of central-bank-created negative-yielding debt, at least one big bond shop is dumping sovereigns.










Source: Bloomberg

“We’re a lot more defensive,” warned PIMCO’s Daniel Ivascyn, group CIO at the massive bond manager, noting that after the best year-to-date performance since 2003, the fund is paring its positions in government debt on fears that a breakthrough in US-China trade talks could trigger a violent sell-off.

“Even if we get a narrow trade agreement [between the US and China] we could see a pretty powerful snapback in yields.

However, as The FT reports, while PIMCO is lightening up on their positions in the UK and European bond markets, it is reducing exposure to the US government bond markets less.


Bill Holter’s Commentary

Mark Mobius is pretty mainstream…is common sense making a comeback?

Mark Mobius: Buy Gold At Any Price

August 20, 2019


Last week we reported that the mainstream is turning bullish on gold, and in recent months, a number of prominent investors including Paul Tudor JonesThomas Kaplan and David Roche have all talked up the yellow metal. This week, we have another well-known veteran investor saying buy gold.









During an interview with Bloomberg, Mark Mobius said that at this point investors should buy gold “at any level.”


Bill Holter’s Commentary

This in front of Congress…where is the press?

Jim Sinclair’s Commentary

Why FISCAL STIMULATION MUST OCCUR in the USA WELL BEFORE 2020 JUNE. There is no other alternative. Fiscal Stimation demands monetary expansion, as that is simply axiomatic. Since the tool of Monetary Stimulation is worn-out globally, these above facts are going to provide a currency event resulting in inflation.

Truckers And Farmers Who Voted For Trump Are Starting To Blame His Policies For Their Economic Woes
August 21, 2019

The right-leaning laborers who helped elect Donald Trump to the presidency in 2016 are starting to sour on the real estate scion — truck drivers and farmers.

“He has not affected our business in a positive way,” one truck driver, who asked for anonymity to protect their small business, told Business Insider. “He’s killing our business. If consumers aren’t buying, then there is no demand. This really isn’t about my political leanings — it’s pure business.”

On Monday, Trump reportedly had to have a two-hour Cabinet meeting about increasing blowback from farmers. Trump campaigned in Iowa with the promise to support ethanol, which helped secured the vote from the state’s 140,000 farmers, who are largely involved in corn.


Posted at 9:58 AM (CST) by & filed under In The News.

J. Johnson’s Latest – The Silver Options Board Is In Play!
August 20, 2019

Great and Wonderful Turnaround Tuesday Folks,    

      So it looks like, at this early stage in the morning, that there was only a 2 day (Friday/Monday) pullback in precious metals with green showing up on the monitors with Gold leading at $1,516.70, up $5.10 after being pushed down to $1,503 with the high close by at $1,518.80. Silver is trading in the positive as well and with another change upcoming most likely by tomorrow as the Open Interest in December Silver is about to surpass September in rather early fashion (before the options expiration) with September Silver now at $17.00, up 6 cents and close by it’s high at $17.03 with the low just 1 penny above yesterday’s low at $17.83. The US Dollar has remained Steady Eddie during this change up with the trade at 98.27, up 4.9 points and right close to the high at 98.30 with the low close by at 98.165. All of this activity occurred before 5 am pst, the Comex Open, and London’s EFP closing.    


      We have green lights in all emerging currency markets that we watch with the Venezuelan Bolivar showing Gold trading at 15,148.04 Bolivar showing a 123.84 gain in value with Silver adding 1.698 Bolivar with the price at 169.788. Argentina’s Peso now has Gold valued at 83,179.99 adding 695.07 A-Pesos with Silver at 932.327 proving an additional 9.50 A-Pesos being added to the price as the trade heads to and above the 1,000 Peso mark again. Over in Turkey, Gold is now at 8,677.64 proving the addition of 254.62 in T-Lira value with Silver now at 97.2593, it too adding 3.0324 T-Lira’s.   

      August Silvers Deliveries are still stuck at 2 fully paid for contracts, as we observed during yesterday’s trade a Volume of 1. We think this wound up being a spread trade that turned into a delivery as we observe this morning Zero Volume, but those trades in parenthesis are still there showing a bunch of numbers with no additional activity. It appears that yesterday was nothing but another attempt by the shorts to scare out a few longs which failed, with the Overall Open Interest now at 230,789 proving the addition and failure of 3,426 more shorts being added to the game that now needs to be extracted, and by the end of the month too!  


Posted at 10:50 AM (CST) by & filed under In The News.

J. Johnson’s Latest – Welcoming a Week of Total Uncertainty
August 19, 2019

Great and Wonderful Monday Morning Folks,     

      We start the day off with lower prices in the precious metals with Gold taking most of its reduction within (literally) the last hour of trade with the December price now at $1,504.30, down $19.30 and as usual right beside the low at $1,503.30 with the high to beat at $1,523.60. Silver is following with the trade at $16.83 down 29.2 cents and it too right beside the low at $16.82 with the high at $17.175 (Sept). The Volume for the Silver punch totaled 29,895 out of 104,065 (Sept totals) as of this write up with December Gold’s volume at 151,794 with its OI at 447,065. IOO (in our opinion) this amount of pump and dump wreaks of desperation. The US Dollar’s trade is nothing like the precious metals volatility with its value now at 98.10, up 9.3 points close to the high at 98.13 with the low just as close at 98.005, all of this was done pretty much during Honest London’s trading period, before 5 am pst, the Comex open, and the end of London ETF settlements for the day. 
      One would expect a much harsher treatment under our 3 emerging currencies watch, especially after last week’s stellar rise in all with the Venezuelan Bolivar pricing Gold at 15,024.20, proving a loss of 202.74 Bolivar with Silver now trading at 168.090 Bolivar, showing a loss of only 3.495 over the weekend. Argentina’s Peso now has Gold trading at 82,484.92 taking back 4,729.25 A-Pesos with Silver taking back 60.073 with the price now at 922.827 A-Pesos. Over in Turkey, the Lira now has Gold pegged at 8,423.02, dropping 52.11 in T-Lira value with Silver at 94.2269 losing 1.2827 in T-Lira value.