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 8:25 AM (CST) by & filed under General Editorial.

Great and Wonderful Tuesday Morning Folks,

     Late last night, I observed the hammer coming back to nail the precious metals lower. To me, the desperation is becoming more obvious by the day, as Gold reversed with the April contract at $1,725.50, up $2.50 after being dipped to $1,704.60 with the high to beat at $1,731.40. Silver has yet to recover, but it will soon, with the May trade at $26.35, down 32.8 cents and recovering from the low of $25.82 with the high starting point at $26.745. On the other side of all this is the US Dollar, the continually printed currency of the world, now valued at 91.135, up 9.9 points after going all the way up to 91.405 before the drop with the low at 91.07. Of course, all this happened before 5 am pst, the Comex open, the London close, and after a Texas judge got arrested for, you know, that thing called voter fraud the SCOTUS can’t, won’t, or refuses to hear, in its compromised court.

      The Venezuelan Bolivars latest price for Gold is now at 17,233.43 showing another drop of 172.79 Bolivar overnight with Silver losing 6.19 with the last buy price at 263.17 Bolivar. Further south the Argentine’s are paying 1,007.52 less for an ounce of Gold with the last price at 155,435.30 Peso’s with Silver pulling back 46.49 with the last price at 2,373.85 A-Peso’s. The Turkish Lira’s value took away 10.02 from Gold with the last price posted at 12,643.19 Lira with Silver’s last trade at 193.11, down 2.41 T-Lira’s.

      March Silver’s Delivery Demands now stands at 3,872 fully paid for 5,000-ounce contracts and with a Volume of 83 already up on the board with a trading range between $26.385 and $25.86 with the last buy at the high, yet the price is down 36.2 cents from Monday’s Comex close. Yesterday’s full day of delivery trade happened in between $26.99 and $26.49 with the last purchase price at $26.52, up 11.8 cents with the Comex Calculated Close at $26.647, a gain of 24.5 cents that had a total of 519 swaps. Of note during yesterday’s Comex delivery activity, the Demand Count was increased by 4 contracts bringing the total to 4,781 contracts with the reduction of 909 to bring us to todays count. Silver’s Overall Open Interest continues to pull back as another 2,440 contracts left the field of play leaving 158,706 Overnighters to trade against what is left in a warehouse that promises it has the metals but never allows a 3rd source to verify.

      March Gold’s Delivery Demands now stand at 919 fully paid for contracts waiting for receipts and a Volume of 444 already up on the board with a trading range between $1,728.50 and $1,708.70 with the last buy at the high, a gain of $6 so far today. Yesterday’s full day of delivery happened in between $1,747 and $1,720.30 with the last swap at $1,720.40, a loss of $7.70 before the CCC was done at $1,722.50, down $5.60 that had a total of 407 swaps that helped reduce the demands by 648 contracts that got receipts, maybe. Gold’s Overall Open Interest is also losing support as another 1,070 contracts left the game leaving 468,198 contracts at the Comex to trade against the physicals helping to prove that most of the activity is happening inside the deliveries.

      A type of panic and response can be seen in the commodities. Over the past 3 days, we’ve witnessed the “cleansing of the longs” in Petroleum, Silver, Gold, and the “changing of the shorts” in the US Dollar and all Treasuries with the exception being the short-term Eurodollar. This happened just after Fed Chair Powell, and Treasury Sec Yellen made claims that everything is “old school good” for the Petrodollar. Yet, those discussions didn’t help the 30 year US-T at all with loan rates now above 3%.

      The Reddit Apes are taking on the Comex. This time they are asking for, and getting support, under a GoFundMe page for the big “SILVER SQUEEZE” – Billboard Signs. Is that brother Andy Schectman, JM Bullion, SD Bullion, and First Majestic making “TOP” donations? Will there be more funds of support? Stay Tooned! Comex has an obvious problem, and in the famous words of Bill Engvall, Here’s Your Sign!

      Make it a great day no matter what, because attitude is everything. So, keep the faith, hold on tight, and look for those sign posts just ahead. As always …      

Stay Strong!

Jeremiah Johnson

JeremiahJohnson@cableone.net

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

Posted at 8:40 AM (CST) by & filed under Jim's Mailbox.

Dismal Dave with some “hockey stick” looking charts!

Bill

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JB sent us a “funny”. I often think of this when paying for a meal, they actually gave me food in exchange for paper!

Bill

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Posted at 7:03 PM (CST) by & filed under USAWatchdog.com.

By Greg Hunter’s USAWatchdog.com (Saturday Night Post)

Climate engineering researcher Dane Wigington says the big snow storm that hit Texas and much of the south is nothing short of weather warfare.  Look at the snow that won’t burn in video after video. It’s synthetic, but the mainstream media (MSM) is telling you this is a “hoax”.  This is anything but normal.  Wigington says, “The bottom line in regard to the flash freeze that Texas was just hit with, we can debate the agenda behind these operations, but the fact that this was not an act of nature is beyond scientific question. . . .Those neck deep in the weather modification program are dictating what the scheduled weather will be.  Because of the illegal federal gag order on the National Weather Service and NOAA, our nation’s weather people are actually reading scripts given to them by the geo-engineers themselves.  We announced on February 6, almost two weeks before this event happened, that this was coming.  So, there is no question this was a massive act of weather warfare.  This is only a mere extreme example of what’s been occurring all over the globe for decades.  It’s getting worse all the time because the unfolding climate collapse is getting worse all the time.  It’s being further fueled by climate engineering.  Expect such events to continue and worsen rapidly.”

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Posted at 6:52 PM (CST) by & filed under Jim's Mailbox.

More charts from Dismal Dave.

Bill

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This is the starting date for gold’s final position as the “Last Man Standing”.

Jim

Wall Street Sends a Message to the Fed: We Have Run Out of Places to Stuff Your Treasuries
February 26, 2021

The action in the U.S. Treasury market yesterday reminded us of the classic “I Love Lucy” episode at the chocolate factory. As the conveyor belt churns out chocolate balls faster than Lucy and Ethel can handle them, they resort to stuffing them in their mouths, their hats, and their shirts. Lucy remarks: “I think we’re fighting a losing game.”

That was the scene in the Treasury market yesterday – too much supply and no where to stuff it, causing a sharp spike in yields which set off a stock market selloff that left the Dow down 559.8 points or 1.75 percent on the day, while the tech-heavy Nasdaq fared far worse, losing 478.5 points or 3.52 percent.

That the Treasury market is now projectile vomiting T-notes should come as a surprise to no one. As the chart above indicates, yields on the 10-year note have been rising sharply since early August, with the yield more than tripling from 0.50 percent to an intraday spike yesterday of 1.61 percent. The 10-year note opened this morning at 1.52 percent.

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Posted at 9:26 AM (CST) by & filed under USAWatchdog.com.

By Greg Hunter’s USAWatchdog.com (Replaces WNW for 2.26.2021)

Legendary financial and geopolitical cycle analyst Martin Armstrong says now that the stolen election is over, get ready for lawlessness to reign.  We start with the Supreme Court that refused to hear the Trump case on Pennsylvania voting fraud.  There are three more 2020 Election voter fraud cases pending at the nation’s highest court.  Armstrong says, “I don’t think they are going to take any of them.  Look, the rule of law has absolutely collapsed in the United States.  It’s just a joke at this point. . . . You swear an oath to uphold the Constitution.  It’s not whenever you feel like it. . . . This is not only a denial of due process, but the civil rights of everybody in the country.  They effectively said Pennsylvania changed the rules against the (state) legislature in the middle of an election, and we are not going to hear the case.  So, they are effectively saying politicians can change the rules of an election at any time, and it doesn’t have to be constitutional.  Refusing to take this case is a disaster because next election they can choose to do the same thing at any time.”

Armstrong says the trend he is seeing is anti-establishment.  Armstrong explains, “This is part of a trend coming into our model until the end of 2032.  This trend is an anti-establishment trend.  We’re fed up with politicians and corruption.  The Supreme Court is an example.  Forget it.  The Constitution is discretionary now?  That’s what they are really saying.  It has no validity anymore.  The mainstream press says that Trump is the person who led this, and he’s not.  He just happened to be the guy at the right time at the right place.  This trend has been going on for quite some time, and it’s only going to get worse.”

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Posted at 8:32 AM (CST) by & filed under General Editorial.

Great and Wonderful Thursday Morning Folks,

      The February Deliveries are over, with a day’s rest before the next, with Gold down $13.10 with the trade at $1,784.80, near the London low of $1,779.70 with the high at $1,805 so far today. Silver is trading in the green with the May contract at $27.995, up 6.7 cents with the low at $27.855 and the high at $28.345. The US Dollar is now at 89.80, down 37 points, recovering from the low of 89.685 with the high starting point at 90.145. Of course, all this happened before 5 am pst, the Comex open, the London close, and after the Entire Federal Reserve’s Swift System (payment systems) had an “operational error” (was it hacked or was it done to stop a large liquidation?) while the Treasuries point to higher rates.

      Gold under the Venezuelan currency lost 231.71 overnight with the most recent buy at 17,825.69 Bolivar with Silver still holding on to its gains and adding 1.1 more with the last trade at 279.65 Bolivar. Argentina’s latest price for Gold is at 159,998.34, pulling back 1,756.28 Peso’s with Silver adding 14.76 overnight with the trade at 2,510 A-Peso’s. Over in Turkey, Gold lost some of yesterday’s gains with the trade at 12,916.37 Lira, off by 29.69 with Silver’s last buy at 202.61 T-Lira, a gain of 2.95.

     The last day of February Silver’s Delivery Demands had a total of 3 swaps with no price posted with the Comex Calculated Close tallied at $27.857, a gain of 17.1 cents. March Silver’s Open Interest, which will change into Delivery Demands tomorrow, is now at 17,073 with a Volume of 4,207 so far today. This OI count represents 85,365,000-ounces of product that has one more day before the margin is raised from 8.5% to 100%. Silver’s Overall Open Interest proves another round of liquidity had to be added with the count now at 174,521 Overnighters, a gain of 1,880 contracts as we wait, till their game of “low price and no product” reaches its peak.

      February Gold’s last day of deliveries had a total of 17 swaps that happened in between $1,805.80 and $1,799 with the last buy at the low, yet the CCC was tallied lower at $1,796.40 where no “visible” trade was made. March Gold’s Open Interest is now at 2,370 with a Volume of 333 already up on the board with a trading range between $1,802 and $1,778.90 with the last buy at $1,786, down $10.60 from yesterday’s close. Gold’s Overall Open Interest only gained 67 contracts giving us an early morning count of 481,709 Overnighters, to add liquidity to the price, but not the product.

It’s now apparent the Apes at GameStop got an accurate education in Comex Deliveries. Where this goes from here is still up in the air, but some of their profit pictures of their high-end purchases, leaves one encouraged. More important is the rest of the education, they are getting with this article that was removed by a Bot in Reddit, but was so accurate that Zerohedge, was able to retrieve it and post it for all to see. Even if you’ve been around a while, it’s a refreshing view to see the way this group looks at our situation.

Fed Res Jay Powell “Keeps it Easy” to borrow. But that was yesterday and before the SWIFT Move. What happens next is anyone’s guess, but the math behind this façade points to one outcome, regardless of who gets the blame. Of note, March is a cereal month for Gold, like February was for Silver. If there was ever a time to force an issue in the GameStop fashion, it would be at intervals of short weakness. Is this it, or will it take a little longer?

      Moving forward, more and more people are feeling the comfort of holding precious metals in hand, while everything surrounding the US Dollar’s Empire, starts to crack or get hacked. Hopefully you’re prepared like a Boy Scout. If not, you still have a little more time, maybe. After hearing Bill Holter’s story in the last audio report with Jim, Dave, Denny, as well as other friends in Texas, I went out an bought a 9,000-watt peak, 7250 running watts generator, even though I don’t need it (until we get surprised). This monster is far more than I need. But the Boy Scout in me, says others may need the energy too. This Arctic Blast, was a true Boy Scouts moment with the words they make the young say at each gathering; Always Be Prepared!

      So, keep the faith, hold your metals close, Boy Scout Up More, and as always … 

Stay Strong!

Jeremiah Johnson

JeremiahJohnson@cableone.net

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