Posted at 3:57 PM (CST) by & filed under General Editorial.

If any of what we are seeing within our markets is factual and true, then why can no one find and buy real physicals at the Comex prices? As far as getting bars from the Comex Warehouses, we are told it’s still happening but that has to be questionable, at best. Yet the disparities between what is called Comex, the last place on the planet to buy anything in size, is suppose to be the real, then why is there no place here in the USA with product in stock?  

     Buyers across our country cannot find physicals period! If there is an ounce sold, sellers are refusing to accept any deal without a substantial premium to Comex. Both Coasts are showing a $10 spread for Silver. As far as Gold, just add $200 to Comex’s price anywhere and you’ll be close enough to getting that ounce, maybe. Check yourself, most suppliers are out of everything.

      If everywhere one looks to buy physicals yet cannot get it at or near the quoted Comex price, then the lie is at the exchange because they trade the paper, not the physical (ok, the exception maybe 1/10th of 1% of all trades). There are reasons to watch as the Comex corrects; Look at the spreads the arbitragers are going to make money on, when they buy from the Comex. They take the big bars, and have them melted into 1- and 10-ounce bars, then sell them to the retailors because people want the products! The arbitragers maybe about to settle out the differences between the real price and the Comex price, but by then, the prices could be substantially higher. Said another way, Comex is about to correct itself much higher, because that spread between the real price and the Comex is at 43% in Silver and Gold has a 12%+ spread!

      I’ve spoken with Bill to see if he can access anything. The answer in two words, “very limited”. If you cannot locate physical, while this dip is in, you may not be able to get any going forward (until?). All dynamics have changed since the virus. Our economic system is in trouble and so is our debt markets. The point is, this war in price has gone asymmetric, and has made the cash market (street price), The Real Market! COMEX prices have become totally irrelevant. In the absolute extreme, COMEX contracts could go to zero and physical metals could be unobtainable. A reminder of the most recent audios with the boys in the subscriber’s side is a comment Jim had made; “what is a contract worth that cannot perform”?  His answer was zero!

Contact Bill Holter to get a real quote on the real product, and get it in your hands while there is still product to be had.

Stay Strong!

J. Johnson

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

Posted at 11:17 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

A very good piece written by Erik. As we counseled for years, it is all about credit…TOO MUCH! And remember, everything runs on credit including distribution.

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Bill Holter’s Commentary

Erik does excellent work.  If you would like any of his books, please at least pay for shipping as the man should not have to pay from his own pocket to enlighten you.

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Bill Holter’s Commentary

Foreigners are selling Treasuries at a record pace? Watch interest rates. If they don’t go higher, or actually drop…watch the Fed’s balance sheet. The end.

Fed Panics As Foreigners Dump A Record $109 Billion In US Treasuries
April 1, 2020

Exactly one week ago, when we highlighted the unprecedented surge in Fed Treasury purchases which since March 19 has amounted to $75BN per day until tomorrow when it tapers modestly to $60BN, we said that the Fed’s record ramp in debt monetization “is hardly an accident: one look at the Treasury securities held in custody at the Fed shows that the past two weeks have seen a whopping $50BN in foreign central bank sales, a 1.7% drop which was the highest in six years.”

As we also noted, “the selling may have contributed to record volatility in the Treasury market and prompted the Fed’s intervention. More importantly, it also means that the biggest buyer of US Treasurys in the past decade, foreign official institutions (i.e., central banks and reserve managers) are now sellers, so now the U.S. government needs private investors to soak up the ever increasing debt issuance.”

But since private investors are busy, trying to avoid getting killed by a deadly Chinese virus, it means that only the Fed now can fund the exploding US budget deficit… which is precisely what it has been doing, having purchased a record $912 billion in US Treasuries since the relaunch of official QE (hence expanded to unlimited QE) on March 13.

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Posted at 11:04 AM (CST) by & filed under Bill Holter.

I wrote this hypothetical article December 29, 2014.  One of our readers wrote me this morning and thanked me for writing it because he did take heed and began preparing with his family back then.  Was it all correct?  Not yet, but one can certainly imagine where we go from here.  There is not much time left to make preparations but get moving and do the best you can do, that’s all one can do!

Bill

Fact or Fiction?

This past year was jam packed with news of all sorts.  Some was surprising, some of it was expected, while other news seemed to either be another dot to connect or an outlier dot to be connected later.  We even got news from time to time which even in today’s world could be considered bizarre or surreal.  Suffice it to say, were we receiving the current news of today just 15 years back, the financial and social worlds would have been in outright panic.  Not so today, the sheep are sound asleep even while a few well intending herders are sounding the alarm.  The populace in general have become dumbed down, beaten down and barely able to read past whatever headline it happens to be for the day.  Let’s call the condition “comfortably numb”…

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Posted at 3:30 PM (CST) by & filed under In The News.

Bill Holter’s Commentary

Do you remember the post by Dr. Dave Janda last week…?

Michigan Democrat Governor Begs Feds For Hydroxychloroquine Just Days After Threatening Doctors For Prescribing It
April 1, 2020

Authored by Paul Joseph Watson via Summit News,

Democratic Michigan Governor Gretchen Whitmer is now asking the federal government to send her hydroxychloroquine just four days after she threatened to revoke the medical licenses of doctors who prescribed it.

Last week, Whitmer sent a letter warning physicians and pharmacists of punishments for the prescribing of hydroxychloroquine and chloroquine despite a major study recommending “COVID-19 patients be treated with hydroxychloroquine and azithromycin to cure their infection and to limit the transmission of the virus to other people in order to curb the spread of COVID-19 in the world.”

Medical professionals were threatened with “administrative action,” with Whitmer claiming that hydroxychloroquine had not met the benchmark for “proof of efficacy.”

How quickly things change.

Four days later, Whitmer is now begging the feds to send her hydroxychloroquine.

More…

Posted at 8:48 AM (CST) by & filed under USAWatchdog.com.

By Greg Hunter’s USAWatchdog.com

Money manager Michael Pento has long warned the global financial system was “not sustainable or viable” because of record debt creation. Pento has also long said, “This was the biggest debt bubble in history, and it is going to pop someday.” That day has arrived. Now, Pento says, “This is a global depression just like we had in the 1930’s combined with a 2008 style credit crisis. That’s what it is. I was on your program about three months ago, and I predicted a global recession. That was wrong. It is a global depression. . . . We have learned that the S&P 500 earnings will decrease by 10% in the second quarter. We also know that GDP (Gross Domestic Product) for the second quarter is projected to decline by 35%. . . . We also know, according to the St. Louis Federal Reserve President James Bullard, that the unemployment rate in the United States could surge to 42%. . . . April is going to be a disaster. We are not in a recession, we are in a depression, and it is global in nature.”

Pento also cautions, “So, what do you have left for the month of April? The lockdown is going to continue, and then you are facing a plethora of earnings warnings and economic data that is going to be absolutely horrific. . . . I think the stock market has to go lower for the month of April, and then I think we start to find our legs probably in the summer. . . .We have to get through this lock down, and the news is going to be the likes of which none of us have ever seen before–bad, horrific, rancid . . . It will be the worst economic data ever reported. . . . You are going to see GDP plunge at a 35% annualized rate. That has never happened before.”

More…

Posted at 11:48 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

CIGA Werner with a chart worth “trillions” of words. Paper has never been more over valued versus commodities (real stuff) EVER! We would suggest this anomaly will be cured with hyperinflation but what do we know?

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Posted at 10:49 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

More good stuff from Erik!

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Bill Holter’s Commentary

Crescat capital shows us in pictures…someone who knows nothing can spot the outliers here. Just wait a week or two to see the giant coming spike in the second chart!

1.Otavio (Tavi) Costa‏

Unprecedented. Commercial & Industrial loans just surged at the highest rate in 73 years. This level of government intervention is unparalleled with anything we’ve seen in history. Not to mention: Every previous spike in loans also preceded a recession.

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M2 money supply only surged like this one other time in history. October 2008. We’ve yet to hear of institutions failing.

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1.    The big question: Who is going to bail out whom? -Plunging corporate earnings & household consumption -Government spending skyrocketing -Economy falling to pieces The US government is broke. Increasing money supply won’t fix anything. It’s time to buy gold & sell stocks.

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