Posted at 1:04 PM (CST) by & filed under General Editorial.

Quote from Eddie George, Governor Bank of England in 1999, when BoE dropped 400 tones of Gold, 50% of the BoE’s gold on the market:

“We looked into the abyss if the gold price rose further. A further rise would have taken down one or several trading houses, which might have taken down all the rest in their wake. Therefore at any price, at any cost, the central banks had to quell the gold price, manage it. It was very difficult to get the gold price under control but we have now succeeded. The US Fed was very active in getting the gold price down. So was the U.K.”

Posted at 4:36 PM (CST) by & filed under General Editorial.

I warn you that politicians of both parties will oppose the restoration of gold, although they may outwardly seemingly favor it. Unless you are willing to surrender your children and your country to galloping inflation, war and slavery, then this cause demands your support. For if human liberty is to survive in America, we must win the battle to restore honest money.

Howard Buffett, 1948

Posted at 1:06 PM (CST) by & filed under Jim's Mailbox.


See my 10y treasury yield chart over the last 20 years and look at the MACD, which has sharply turned upwards. Higher rates? Inflation?


GG with a very interesting long-term chart for us. He is correct re the MACD turning up and crossing over. I guess a simple way to look at it is that rates in any “real” world cannot go below zero, so what cannot decline must increase. Lastly, can the current debt hog really sustain under any sort of higher rate structure? We think definitely not, or at least not for any sustained length of time…



Posted at 1:09 PM (CST) by & filed under In The News.

Bill Holter’s Commentary

As I asked a week or so back, which would you rather own in a “system down” scenario?

The Engravers Have Died But The Printers Are Busy We Need To Protect Our Personal Wealth _001

The Engravers Have Died But The Printers Are Busy We Need To Protect Our Personal Wealth _002

Bill Holter’s Commentary

Get woke…go broke?

Nasdaq Wants The Government To Force Woke LGBT Diversity On Corporate Boards
December 1, 2020

Nasdaq, the company that runs the NASDAQ stock exchange, is petitioning the federal government to change the rules that allow some companies to list their shares on the NASDAQ stock exchange. Specifically, the company is asking the Securities and Exchange Commission (SEC) to require that a company’s board of directors include two “diverse” members — one woman and one member of either an unrepresented minority or an LGBT identity. This would mandate a certain level of “woke” diversity for companies on the stock exchange.

The new rules “would require most Nasdaq-listed companies to have, or explain why they do not have, at least two diverse directors, including one who self-identifies as female and one who self-identifies as either an underrepresented minority or LGBTQ+,” Nasdaq announced in a press release. “Foreign companies and smaller reporting companies would have additional flexibility in satisfying this requirement with two female directors.”

“Nasdaq’s purpose is to champion inclusive growth and prosperity to power stronger economies,” Nasdaq’s President and CEO Adena Friedman said in the statement. “Our goal with this proposal is to provide a transparent framework for Nasdaq-listed companies to present their board composition and diversity philosophy effectively to all stakeholders; we believe this listing rule is one step in a broader journey to achieve inclusive representation across corporate America.”


Posted at 8:47 AM (CST) by & filed under General Editorial.

Great and Wonderful Last day of November Folks,

      The paper beatings continue (as long as they have physicals) with February Gold down $16.20 with the last trade at $1,771.90 which happened just after the low of $1,767.20 happened, with the high that will be beat in time at $1,793.30. March Silver leads all beatings with its trade at $22.23, down 40.9 cents and recovering from the Low of London at $21.96 with the high at $22.83. The US Dollar continues it’s slow-crawl loss of purchasing power with it’s Index valued at 91.61, down 19.1 points after hitting a low of 91.535 with the high at 91.77. Of course, all this happened before 5 am pst, the Comex open, the London close, and after a long living Rothschild’s bank in France, was burned down by protestors.

      Venezuelans now have a 17,696.85 Bolivar price for an ounce of Gold proving a 364.55 discount from Friday’s trade with Silver losing 9.988 Bolivar with its last trade at 222.022. Gold in Argentina, now costs 143,498.65 A-Peso’s providing the patient buyer a 2,767.63 discount with Silver buyers getting a 78.40 A-Peso savings   with todays price at 1,800.62. It really doesn’t matter how expensive or cheap the price of precious metals is for the Turkish buyers; they’re soaking it up as fast as they can, with Gold’s last price at 13,730.64, a reduction of 428.18 T-Lira’s since Friday with Silver’s last price at 172.269 T-Lira, a reduction of 9.608.

      Today is the First Notice Day of Decembers precious metals Deliveries with Silver’s Demand Count at 9,447 contracts standing and with a Volume of 571 already up on the board with a trading range between $22.74 and $22.01 with the last buy at $21.16, down 39.3 cents. Friday’s partial trading day for the Christmas Contract had an Open Interest of 16,420 with a Volume of 18,793 with a trading range between $23.505 and $22.325 with the last swap at $22.68, a loss of 68.2 cents. The Algo-mated paper churns inside the December contract caused the OI to drop by only 6,973 contracts, which is almost 3 times the amount of paper swaps vs contracts standing for physical. The Paper Shorts are continuing to leave as another 2,330 contracts left the field of play with this morning tally calculated at 153,413 in Open Interest. Reminder, this OI count is “right now”, not the Comex closing tally.

      December Gold’s First Notice Day Count has a total of 31,861 contracts standing for delivery with a Volume of 1,531 up on the board and a trading range between $1,787.20 and $1,762.30 with the last swap at $1,764.90, down $17 so far today. Friday’s activity inside the December trade, had a total of 69,566 in the Volume column with a trading range between $1,817 and $1,777.70 with the last swap at $1,788.10, a loss of $22.40 that reduced the demand count by 15,182. This is 4 times the Algomated churn to get rid of just over 15k in paper. Gold’s Overall Open Interest is now calculated at 546,097 Overnighter’s willing to go against the physicals proving no “longs” left, as 253 more pieces of paper had to be added in order to provide liquidity during Friday’s partial day.

     The rightful and legal challenges of the election continue, with issues proving there is some hogwash going on in Georgia, as the Judge blocks, then unblocks Georgia from wiping or resetting election machines. Military Attorney Sidney Powell claims to have evidence to support that the Dominion and Smartmatic voting machines, had compromised the election in a 104-page complaint filed into the courts. Then Twitter comes out to save us all after they instantly shut down the posting of this legal claim for others who wish to share the report. Now why would they do that and not allow the story to float until it’s proven or disproved by the facts in court?

      Today’s election dispute activity will be found in Arizona, where Trump lawyers Jenna Ellis and Rudy Giuliani will be gathering with Arizonians, to discuss the video evidence of sharpies being passed out by ballot employees, with others removing those sharpie filled ballots because they were illegally filled out, with sharpies, and the unbelievable amount of illegal voting that just showed up in the last hours on Nov 3rd. If one didn’t watch the Pennsylvania hearing and instead believe their favorite TV show host, on a program called “News”, then they may not know the legal arguments being brought up. I have time, and I have watched all the hearings, including the dynamic dual Twitter/Facebook, as they verbally confirmed they were blocking far more conservative voices than their liberal friends, and they willfully admit they share their restrictions with one another. Writing, then imposing algo’s, that block communication, is not a mistake (like they claim) it’s intentional.

      While we wait for these accusations, with written affidavits and in a court of law get played out, the one for real money is still churning in the markets. As mentioned last Friday, there was 4-days of heavy purchasing, close to a Billion Dollars’ worth of buying inside November Gold physicals, while the markets churned the December contracts. One day we’ll see the “why” to all this activity. In the meantime, we acquire more physicals, and hold our Silver and Gold close, and let the markets sweat it out. Have a great day and as always …

Stay Strong!

Jeremiah Johnson

More J.Johnson content is available with purchase of a JSMineset subscription.

Posted at 5:49 PM (CST) by & filed under

By Greg Hunter’s (Saturday Night Post)

Biblical cycle expert and financial analyst Bo Polny says believe it or not, we are living in the “End Times” talked about in the Bible.  Polny explains, “We are living in Biblical times, and we are about to see Biblical things go down.  God is in control of this. . . .This is like the time of the Red Sea and Moses.  Everything looked bleak and horrible.  You had Pharaoh’s army charging Moses, and the Israelites were pinned up against the Red Sea.  All of a sudden, God gets involved, and what happens?  Within a short period of time, the Red Sea opens.  They cross, and then God closes the Sea and Pharaoh’s army is no more.  That’s what’s coming.  I don’t care about these mini lawsuits because, ultimately, this is going to the Supreme Court, and it’s going to be the Supreme Court that is going to make the final ruling on this.  It is going to be devastating, absolutely devastating to the Democrat party and even some Republicans.  It is going to be horrible.  The system as you know it . . . everything is about to blow up, and it’s going to be awesome.  God is in charge and he is in control, and he is not going to let the United States fall to the evil ones.”


Posted at 2:44 PM (CST) by & filed under General Editorial.

Bill Holter’s Commentary

A truthful history lesson from Erik.

Both Bitcoin and Precious Metals are Guerrilla Tactics_001

Both Bitcoin and Precious Metals are Guerrilla Tactics_002

Bill Holter’s Commentary

The poor student who wrote this will now probably not graduate due to political incorrectness! Seriously, we were told this flu was a pandemic where millions were going to die. People’s lives have been drastically altered and in some cases destroyed while “staying safe”. How is it that total deaths are still the same as they have been over the last few years? Because we were lied to in order to corral the sheep. Piss on them all!

A Closer Look At U.S. Deaths Due To COVID-19
November 22, 2020

According to new data, the U.S. currently ranks first in total COVID-19 cases, new cases per day and deaths. Genevieve Briand, assistant program director of the Applied Economics master’s degree program at Hopkins, critically analyzed the effect of COVID-19 on U.S. deaths using data from the Centers for Disease Control and Prevention (CDC) in her webinar titled “COVID-19 Deaths: A Look at U.S. Data.”

From mid-March to mid-September, U.S. total deaths have reached 1.7 million, of which 200,000, or 12% of total deaths, are COVID-19-related. Instead of looking directly at COVID-19 deaths, Briand focused on total deaths per age group and per cause of death in the U.S. and used this information to shed light on the effects of COVID-19.

She explained that the significance of COVID-19 on U.S. deaths can be fully understood only through comparison to the number of total deaths in the United States.

After retrieving data on the CDC website, Briand compiled a graph representing percentages of total deaths per age category from early February to early September, which includes the period from before COVID-19 was detected in the U.S. to after infection rates soared.

Surprisingly, the deaths of older people stayed the same before and after COVID-19. Since COVID-19 mainly affects the elderly, experts expected an increase in the percentage of deaths in older age groups. However, this increase is not seen from the CDC data. In fact, the percentages of deaths among all age groups remain relatively the same.

“The reason we have a higher number of reported COVID-19 deaths among older individuals than younger individuals is simply because every day in the U.S. older individuals die in higher numbers than younger individuals,” Briand said.


Bill Holter’s Commentary

ALL fiats are melting…!

Global Inflation Watch
November 27, 2020

This article posits that fiat currencies are on the path to hyperinflation and looks at the evidence in the prices of financial assets and commodities. So far, gold has notably underperformed, which indicates that the early signals of hyperinflation are confined to the cryptocurrencies, whose participants broadly understand fiat debasement, to equities reflecting the desire not to maintain cash and deposit balances, and in international trade, where commodity prices of all stripes have risen in price.

Given that the early warnings of hyperinflation of money supply are here, the article then looks at the qualities required of a sound money to replace fiat currencies.


Figure 1 shows how prices have moved from the Friday before the Fed’s announcement on 23 March that it would go all-in on its support for the US economy with unlimited quantitative easing. It amounted to a commitment to hyperinflate the money supply if needed. Before the Fed cut its funds rate to zero on 16 March nearly all these prices were falling.


Bill Holter’s Commentary

Who ever said you can’t make this crap up?

Posted at 8:38 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

The new toilet paper…?

Propane Supplies Fly Off Store Shelves As COVID Drives Outdoor Dining
November 25, 2020

Since the start of the virus pandemic, various consumer services such as restaurants, bars, and clubs have moved outdoors to reduce the risk of virus spread.

As a result, supplies of propane tanks have been depleted across the country as demand for small cylinder tanks jumps 75% year on year.

FT notes that hardware stores, such as Ace Hardware, Lowe’s, and Home Depot, are having extreme difficulty keeping up with the demand for portable steel tanks as demand is off the charts.

Propane Education & Research Council said demand for propane retail-size cylinders would be around 500 million gallons this year, up from 284 million in 2019.

At the start of fall, we cited a Goldman Sachs report detailing how restaurants approved for outdoor dining in public areas in NYC have risen from 10% to more than 40% in just a few months. Similar outdoor dining trends have been seen in nearly all US metro areas as state and local governments limit indoor dining.


Posted at 8:42 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

Erik on Bitcoin versus gold. I would simply ask, which one would you rather have in a failed society?

Bitcoin On the Rise as Gold Flounders—An Analysis_001

Bitcoin On the Rise as Gold Flounders—An Analysis_002

Posted at 8:33 AM (CST) by & filed under General Editorial.

Great and Wonderful Wednesday Morning Folks,

     The day after the December Options expired, Gold is starting its price recovery with the February contract trading at $1,815.10, up $4.20 after hitting a low of $1,804.70 with the high to beat at $1,819.10. Silver is up 6 cents with the March contract at $23.47, recovering from the low at $23.21 with the high to beat at $26.64. The US Dollar refuses to budge, even with all the election fraud allegations that will not go away, with its calculated value at 92.22, unchanged after hitting a low of 91.935 with the high at 92.255. Of course, all this happened before 5 am pst, the Comex open, the London close, and after another Senate Report reconfirming the Biden Family deal with the CCP.

      Gold under the Venezuelan Bolivar continues to trek lower with the trade at 18,128.31 Bolivar, a loss of 8.99 overnight with Silver’s last price at 234.407, a gain of 0.899 Bolivar. Argentina’s Peso price for Gold is now at 146,335.73 showing a gain of 549.26 A-Pesos with Silver’s last trade at 1,892.04 A-Peso’s, showing a gain of 14.94. Gold under the Turkish Lira is now priced at 14,466.26, a gain of 52.40 T-Lira with Silver adding 1.497 T-Lira’s with the last trade at 187.061.

      Today is the last day to buy a November contract to stand for delivery before we roll into the December Contract (Monday) with this morning’s Delivery Demand Count at 2 and with a Volume of 1 up on the board with no price posted, proving a spread trade entry into the buy side. Yesterday’s full day of delivery activity had a 3 lot Volume posted up on the board, with a $23.33 agreed upon price, with that 2 lot, that was already standing, plus one more of yesterday’s purchases, getting their receipts that had a closing price Calculated at $23.292, losing 33.2 cents because Comex says so. Silver’s Overall Open Interest dropped 1,061 shorts, which exited the field of play leaving 162,485 paper contracts to go against the physicals.

      November Gold’s Delivery Demands now sit at 1,046 fully paid for contracts waiting for receipts and with a Volume of 2 up on the board and with 2 prices. The high at $1,803.80 and the low at $1,801.40 with the high being the last trade so far today. Yesterday’s full day of activity had another one of those spread trades going into delivery as we witnessed 1,041 contracts being bought under the Volume Column, as a spread trade exit into the delivery. As a reminder this is what the Comex Delivery dealers told me happens when no prices are given, either a spread entry, or exit, would have happened. If the Open Interest gains, it was a spread entry into the buy, the opposite when the OI drops, maybe. Yesterdays full day of activity raised the Demand Count by 226 fully paid for contracts with a trading range for the day between $1,829.30 and $1,799.30 with the last purchase price at $1,801.30 (when 1,037 contracts were purchased) with that CCC at $1,804.80, down $33 at the Comex close. This leaves one questioning the 1,900-lot purchase made last Friday, going into the Comex Options Expirations; was there another purpose or was it simply another massive Resolute buy? The last 3 days of physical purchases totaled 3,788 physical buys, or around $687,522,000 worth of product. Gold’s Overall Open Interest lost 7,510 shorts to go against the physicals, proving that their paper contracts still control the physicals until there is no more to sell.

Lin Wood has subpoenaed Ga. officials for video evidence….The veteran attorney is specifically interested in videos from room 604 and the elevators around it. He believes ballot dumps and tampering took place at the State Farm Arena when officials stopped the count due to a “burst water pipe,” which actually never happened. What are the odds those videos were mistakenly destroyed by water?

      This election ain’t over yet, and I am enjoying who the claimed winner (ignoring the contesting challenges) has picked so far, for the Biden transition team, as their resurrection continues. Honest Gary Gensler, who helped John Corzine out with phone conversations over the weekend before MFGlobal went bankrupt, then quit his job to dodge the Senate hearing, is mentioned to be chairing the financial policy transition team. Then they have John Kerry, to lead us back into the Paris Accord guided by those that think all climate change (which includes Winter, Spring, Summer, and Fall) is 100% man’s fault, and will lead us into the “How Dare You challenge our political views over real science” accord. Then we have the wonderful rumor of Hillary Clinton being considered as a high profile representative somewhere in the Biden team. I’d wager Russia is looking forward to having her foundation resurrected again, so they can buy more of our Uranium, without us knowing. Ahh yes, the status quo is here again, maybe. That is, after the court challenges have been settled out, like Al Gores and the “Chad” Challenge in Florida, where a single county held up the nation’s election.

      Happy Thanksgiving to all. Keep your family and precious metals close, and as always …

Stay Strong!

Jeremiah Johnson

More J.Johnson content is available with purchase of a JSMineset subscription.