Posted at 9:40 AM (CST) by & filed under General Editorial.

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?)

      We see nothing but positive across the Emerging Markets Currency watch today. In Venezuela, Gold is now priced at 15,568.52 Bolivar proving a gain of 25.97 overnight with Silver at 180.724 Bolivar giving the holders a 0.799 gain in value. In Argentina, Gold has a price of 93,356.93 Peso’s giving the holder a 209.77 pop in price with Silver gaining 5.10 A-Peso’s with its price at 1,083.67.  In Turkey, the Lira’s price for Gold stands at 9,165.49 proving a gain of 55.67 T-Lira after their negative rate cut with Silver at 106.412, proving a gain of 0.948 of a T-Lira.

      The January Silver Delivery Demands increased overnight with the count now at 52, which just so happens to be the exact amount of Volume traded by the end of the day yesterday, and inside a 2-penny price swing between $17.95 and $17.94 yet the Comex and its “Element” were able to close the spot price at $17.875. Did you notice how yesterday’s paper side of the trade stayed in place around the $17.95 price? So, the Demand Count jumped from 3 to 52 proving 3 buyers got receipts and these 52 new “buys” could be the exit of a spread trade, being turned into a delivery order. If so, Nice Move Resolute! Sneaking in a 260,000-ounce “order to fill” with less than 8 trading days to go! So far this morning the Volume count is at 6 and with no prices to offer once again. Maybe later today the Comex will find the time to put a price up on the board.

      Silver’s Overall Open Interest, fell a little with the count now at 235,427 Overnighters showing a reduction of 1,069 short contracts. Gold’s Open Interest now shows a 794,091 post, proving 6,384-paper contracts came off the board. Our point is proving itself here, as the Open Interest drops from these lofty heights of imaginary paper, the prices of our precious metals will rise. What we don’t know yet, is where the prices of the real money will be, once the paper contracts, that has been built up to unreasonable levels, collapses?

      The news services are still being fully exposed as biased with Veritas making major headways in exposing what is going on in the presidential race within the DNC groupings. (Feel the) Bernie still has not said a thing about his employees who are questionable under the eyes of law enforcement. The bigger question now is who was it that set his bail and allowed him to go free after making claims of burning cities to the ground if the voters don’t vote the way he feels is right? Hate the living voters much?

     The secret Russian plot called “Let Them Speak” is still working. Or maybe better said, “never interfere with an enemy while he’s in the process of destroying himself”, and we won’t! We’ll just watch the self-made meltdown as it happens live! So, have a great weekend and a wonderful holiday. Keep your precious metals away from all third parties, a positive thought in the head, and a smile on your face, no matter what! And as always …

Stay Strong!

J. Johnson

JeremiahJohnson@cableone.net

Posted at 12:29 PM (CST) by & filed under Jim's Mailbox.

Jim/Bill,

Could Monday be the start of the 2nd American Revolution?

If other states stand up and take notice of what’s going on in Virginia, it could turn quite ugly.

The abuse of power to take away our Constitutional rights (and misappropriate the taxpayer money) is something that has been festering a long time.  Increasingly greater numbers of articles are highlighting this in recent years.

In Virginia, it all began about taking away peoples’ 2nd Amendment rights.  Your right to bear arms.

Criminals are already banned from owning guns….and how’s that working for you?

Now the citizens of Virginia are looking to remove the Governor and his cronies by petition. They will NOT wait till election time to vote them out.   The law states that 10% of the voters (240 thousand signatures) petition to remove the lawmakers, they’ll have to leave office immediately.

So what do the Governor and lawmakers do?  They change the law to make it 25%.

“Virginia says we’re not going to wait, we’ll petition your removal from office and gets almost a 3rd of the 240K signatures to remove the governor and starts petitions to remove deligates.

Virginia govornment responds by introducing a bill to raise the amount of signatures from 10% of the prevailing vote, to 25%.”

As the article states,  this is the very definition of TYRANNY.

Changing the laws to circumvent the wishes of citizens and keep yourself in power.

Watch closely how this evolves.  People are getting tired of politicians.

CIGA Wolfgang Rech

W,

They may have underestimated how many true Americans there are left?

Best,

Bill

Northam Declares State Of Emergency In Virginia Because “Armed Militia Groups Plan To Storm The Capitol”
January 16, 2020

Authored by Daisy Luther via The Organic Prepper blog,

The drama in Virginia has escalated again as Governor Ralph Northam declares an official State of Emergency before January 20th’s “Lobby Day” protests.

Citing violence that erupted in Charlottesville during a Unite the Right rally in 2017, Northam said that there are credible threats that “armed militia groups plan to storm the Capitol” during Monday’s rally. In an executive order, he announced he is banning all weapons from Capitol Square for the day.

redible intelligence gathered by Virginia’s law enforcement agencies indicates that tens of thousands of advocates plan to converge on Capitol Square for events culminating on January 20, 2020. Available information suggests that a substantial number of these demonstrators are expected to come from outside the Commonwealth, may be armed, and have as their purpose not peaceful assembly but violence, rioting, and insurrection. Assuring that Virginia’s Capitol Square and surrounding public areas are sheltered safe places for those who come to participate in the democratic process, as well as those who work on or near Capitol Square, is my greatest priority.

More…


The wheels of justice turn very slowly, but they are apparently turning! Courtesy of JB.

Bill

Judicial Watch: Federal Court Orders Snap Hearing on Awan Brothers, Congressional Democrat IT Scandal After DOJ Files Document Under Seal
January 14, 2020

(Washington, DC) – Judicial Watch announced today that a federal court yesterday ordered a snap hearing after the Justice Department submitted information under seal on Friday following the court’s demand for an explanation of why no records have been produced in the ongoing legal battle for documents about the Congressional Democrat IT (information technology) scandal involving the Awan brothers. The hearing is set for tomorrow, January 15, at 10 am.

In November 2018, Judicial Watch filed a Freedom of Information Act (FOIA) lawsuit against the FBI over two FOIA requests for records related to the Awan brothers (Judicial Watch v. U.S. Department of Justice (No. 1:18-cv-02563)).

In August 2019, the Justice Department told the court that it would begin producing records by November 5, 2019. After producing no records, on November 13, 2019, the agency told Judicial Watch that it was having “technical difficulties,” and in a recent email claimed that “difficulties with the production remain.”

More…

Posted at 10:08 AM (CST) by & filed under General Editorial.

Great and Wonderful Thursday Morning Folks,

       Gold is positive in the early morning with the trade at $1,556.20, up $2.20 after reaching $1,558.20 with the low at $1,551.50. Silver is following, with some irony, as we see the increase equaled in the numeric, with the trade up 2.2 cents at $18.015 after reaching $18.055 early last night with the low at $17.875. The US Dollar is still nose-bleeding from its lofty height with the trade at 96.83 down 13 points and close to the low at 96.815 with the high at 97.015. Of course all of this happening already, before 5 am pst, the Comex open, the London close, and still 2 days after Veritas released Bernie Sander’s employment of insane people, with zero response from the self-declared socialist.

      We have a changeup that occurred in one of our Emerging Markets Currencies we watch, which should be observed, for the future events in the primaries. Venezuela’s currency now holds Gold’s value at 15,542.55 Bolivar proving a gain of 38.95 overnight with Silver at 179.925 Bolivar showing a gain of 1.748. In Argentina, the Peso has Gold priced at 93,147.16 gaining 10.85 over the past 24 hours with Silver at 1,078.57 A-Peso’s proving a gain of 8.18. In Turkey, where they lowered interest rates to below zero, Gold is now trading at 9,109.82 T-Lira, showing a loss of 28.13 overnight with Silver at 105.464 T-Lira showing a gain of 0.447.

      January Silver’s Delivery Demands now show a count of 3 fully paid for contracts still up on the board telling us very little except that 20 contracts got settled out with receipts given here or sent over the London. Yesterday’s trading range still posted a “zero” at the close yet, by the end of the day, 4 contracts traded. If I am to use Comex logic, these trades were spreads (into/out?) in which no prices are needed to be given, which to me is absolute bullshit but it falls on the deaf ears of the defenders of the exchange. We hope the DOJ is looking into the entire aspect of the criminal element; warehouse numbers, receipts, spreads, Algo controls (of these spreads), or the fact that a number of these employees of the element were not NFA registered brokers. So far today, a Volume of 6 is posted up on the Comex with a trading range of $17.95 and $17.94. Let us observe the entire day’s futures trade stay below the spot price! Please keep those purchases coming oh honored Resolutes!

     Silver and Gold’s Overall Open Interest is the “Tell” we have been talking about for years as the Open Interest IS the “paper in the markets” that are only backed by the exchange’s good faith but not the physicals. When the physicals run dry, the price will break free as the demands for physicals get forced upon the COMEX, as manufacturers will demand the product, by purchasing the physicals at any cost in order to stay in business. It is the exchanges duty to make good on the trade. My hope is that one of these buyers of physical takes the exchange to court this time, that is “if” they try to make it illegal the buying of physicals. Jim Sinclair brought this subject up in one of the weekend audio reports, when he stated he was surprised the Hunts didn’t do it, when they could have.

      Silver’s Overall Open Interest gained more with the count now at 236,496 Overnighters proving a gain of 945 more shorts in order to stay the price. That’s nothing compared to the Open Interest in Gold which is now at a “New Life of Contract Paper High” of 800,475 Overnighter’s proving an additional 2,344 more shorts had to be added in order to stay the price. And they’re doing this while the German population is still standing in line buying Precious Metals with both hands!

      So, the game goes on with the socialists vs. patriots here, interest rates going negative in another country (we’re heading there too), people standing in line to buy physicals, with the criminal element under glass, and the Open Interest in precious metals, telling us the shorts are worried. What can go wrong?

       Please Please Please! Keep the attitude positive, keep that smile on your face and a positive attitude in the head no matter what, as always…

Stay Strong!

J. Johnson

Posted at 11:31 AM (CST) by & filed under Jim's Mailbox.

Bill,

Looks like Christmas sales sucked after all, wait for online sales to fail.

JB

JB,

Sales are going to be great! They’re going to be great…never mind.

Bill

Target Shares Plunge After Holiday Sales Missed Forecasts
January 15, 2020

Target shares plunged as much as 8.8% on Wednesday morning after it cut its fourth-quarter comparable sales view due to a rather depressing holiday sales season, missing the average Wall Street estimates.

2020-01-15_07-25-12

More…


Jim/Bill,

The title should read “He Knows When You’ve Been Sleeping”

The fix is in against the populace.

Banks benefit and the upper 10% benefit.

The bottom 90%……let them eat cake.

The pickle the FED is in:

Higher rates, which will definitely come, will decimate every financial institution!

He (Fed Chair Powell) continues:

“Meanwhile, we look like we are blowing a fixed-income duration bubble right across the credit spectrum that will result in big losses when rates come up down the road. You can almost say that that is our strategy”.

You think?

“Spurred by low interest rates and loose financial conditions, we estimate that total global debt will exceed $257 trillion in Q1 2020.
A total of more than $19 trillion of syndicated loans and
bonds will mature in 2020
.

edition.cnn.com/2020/01/13/economy/global-debt-record/index.html?utm_content=2020-01-13T20%3A30%3A57&utm_term=link&utm_medium=social&utm_source=twbusiness …

If rates begin moving higher sooner rather than later, the $19 trillion could trigger the collapse of the $257 trillion global debt, which in turn could trigger the quadrillions in derivatives.

The choices are clear…….either continue printing money and welcome hyperinflation or reverse the process to normalcy and welcome massive depression.

Now stop and think for a moment…where do you put your money to safeguard it?

Here’s a another pickle…….who benefits from QE?

Why do you think the major money center banks are reporting great earnings?

    -The Fed buying back prearranged auction sales at     enormous monetary benefit to the dealer community.

    -Guaranties to keep rates low and have the money     coming in from the Fed, goes right to the markets to     keep them afloat

    -Usury levels of interest rates on credit     cards…anywhere from 25% to 35% per annum

Simply look at the analysts’ breakdown of the banks’ earnings releases.

As Jim Rogers says:  “This will end badly”.

CIGA Wolfgang Rech

Sadly Wolfgang, they knew the day the current system was set up…!

Bill

He Knows You Know That They Know…
January 15, 2019

Authored by Sven Henrich via NorthmanTrader.com,

Last week we found out that Dallas Fed president Kaplan knows that the Fed is creating excess and imbalances in stocks. Yes, bloating the Fed’s balance sheet by over $400B in four months has a massive impact on stock markets. And billions of repo liquidity unleashed each day can be seen impacting the daily action as well (see: Repo Lightning).

So what’s Jerome Powell have to say about all this? Silence. Not a word.

More…


Jim/Bill,

Nice article. Yet Simon fails to mention the momentum gaining traction as an alternative form of transactional payments….GOLD.

This is very important as it cuts the time of dependency withdrawal, from the Dollar, from years…to a very short timeframe. No new alternative fiat currency need be developed. Gold will rule.

CIGA Wolfgang Rech

Uncle Sam Just Used Its Financial Nuclear Weapon Again
January 15, 2019

In August of 1945, the United States became the only country to drop nuclear bombs on an enemy.

Hiroshima and Nagasaki were largely destroyed in the blink of an eye. And the Japanese had no choice but to surrender to the Allies, finally ending World War II.

Ever since, world superpowers have been rapidly advancing weapons technology, constantly raising the bar for destructive power.

It won’t surprise you to find out that the most powerful and destructive weapon in the world, though, by far, is claimed by the United States.

More…

Posted at 11:17 AM (CST) by & filed under USAWatchdog.com.

By Greg Hunter’s USAWatchdog.com

On the surface, everything looks to be going swimmingly for the U.S. economy. The rest of the world may not be doing as well as the U.S., but according to the legacy financial media, there is no real trouble being reported. Below the surface, warning signs abound that the economy is in trouble now. One of the biggest warning signs is coming from the repo market that provides lending to financial institutions. Since mid-September, the Fed has been getting increasingly involved with providing funding as the banks that provided it in the past simply do not trust the other banks.

On Friday, the Fed pumped an eye popping $258.9 billion into the repo market. We find out now the Fed’s balance sheet has abruptly reversed, and added $500 billion in the last three months of 2019. Other reporting from the Fed’s own records reveals loans that amount to “roughly $215 billion per day flowing into the trading houses on Wall Street. . .”

More…

Posted at 10:56 AM (CST) by & filed under General Editorial.

Great and Wonderful Wednesday Morning Folks,

    Gold is higher in our earliest morning report with the trade at $1,552.30, up $7.70 after starting from a low at $1,546.50 with the high near by at $1,554.70. Silver is following along with the trade at $17.840 up 9.8 cents with its starting point at $17.770 with the high at $17.920. The US Dollar may be getting a nose bleed from its lofty height with the trade at 96.985, down 10.9 points with the high at 97.180 and the low nearby at 96.955. Of course all this was done before 5 am pst, the Comex open, the London close, and after another not so convincing Democratic debate occurred where a socialist is claiming “rigged” who also ignored the Veritas exposure.

     Venezuela’s Bolivar now has Gold valued at 15,503.60 Bolivar showing a much steeper climb than the last 2 day’s pullback recovering 85.90 overnight with Silver gaining 0.849 Bolivar, recovering very little from yesterday’s price drop. In Argentina, Gold is now valued at 93,136.31 proving the recovery of 695.03 A-Peso’s regaining all this past week loses and then some, with Silver only gaining back 7.07 A-Peso’s with the trade at 1,070.39. The Turkish Lira has Gold priced at 9,137.95 Lira recovering 41.52 T-Lira which was more than yesterday’s pullback but nowhere near Monday’s drop off with Silver at 105.017 regaining only 0.403 of a T-Lira. Gold’s recovering price swings may be predictive, stay tooned!

      January Silver Delivery Demands now show a count of 23 fully paid for contracts waiting for receipts and with 0 Volume posted so far this morning proving an increase of 13 more purchases during Tuesday’s trade. Yesterday’s Delivery Month trading range didn’t budge one inch as the Volume jumped from 2 to 17. So, the delivery month had a 2-cent swing ($17.875 – $17.855) with 15 additional purchases, all the while the (February and) March Contract(s) traded well below the delivery months prices, yet the Comex closed the Delivery price at $17.674, hmmm. Said another way, the delivery month has been trading higher than the futures contracts, and it has been going on for a while. In the old days (and maybe just ahead?), this type of action would stress a “shortage” of product to deliver. Of note, that was before Algo’s took over and this giant amount of “new paper” that has been applied to the price.

      Silver’s Overall Open Interest is proving the Resolutes are still on the field of play with this morning OI count at 235,551 Overnighters showing a gain of 454 since Tuesday’s early morning post. Gold, as expected, did make another New Life of Contract “Paper” High of 798,131 proving a gain of 1,043 ( in Open Interest) and at this price. This is proving our point that if there was a limit to how much paper is used on the exchanges, like the miner’s restrictions on hedge’s, prices would be different, sharply different, and most likely at new life of contract highs!

      The game goes on, as the Resolute Buyers step in with deliveries making a mess of things for the short traders. The prices will be ironed out in time, without a doubt, all one has to do is wait it out. So, keep your physical precious metals in hand and away from any third party, have that smile on your face, and no matter what, have a positive attitude in the head. As always …

Stay Strong!

J. Johnson

Posted at 11:19 AM (CST) by & filed under General Editorial.

Great and Wonderful Tuesday Morning Folks,

        Gold is trading at $1,543.70, down $6.90 and recovering from the Asian low at $1,536.40 with the high to beat at $1,549.50. Silver is leading the dip, with its price now at $17.755, off by 24.1 cents and trading close to its low at $17.690 with the high to beat at $17.985. The US Dollar, which has to be printed in heavy fashion, is now trading at 97.180, up 12 points and trading right by its high of 97.195 with the low at 97.060. Of course, all this was done already before 5 am pst, the Comex open, the London close, and after JPMorgan posted another profitable year in trade.

      The emerging markets currency watch continues to show the pressure applied to the precious metals (w/1 exception) as the Venezuelan Bolivar now shows Gold trading at 15,417.70 showing a reduction of 32.96 in value with Silver now at 177.328 Bolivars reducing its value by 2.697. In Argentina, Gold is now priced at 92,441.28 proving a loss of 32.71 A-Peso’s with Silver now valued at 1,063.32 showing a 13.39 A-Peso reduction in value. The Turkish Lira now has Gold priced at 9,096.43 Lira’s proving a gain of 29.71 in value with Silver at 104.614 a loss of 1.031 Liras.

      January’s Silver Delivery Requests are unchanged from yesterday’s early morning post with the count at 10 and with a Volume of 2 put up on the board late last night. So far, these 2 contracts have a trading range of $17.875 and $17.855 with the last trade at the high. Yesterday’s Volume gained 1 more buy before the end of the day as we now wait again for the Resolute Buyer to step in to buy more big bars.

      Open Interest says it all in the commodities arena. Those that continue to ignore this will find out in time what a commercial signal failure is all about and how it starts (and ends). Silver’s Overall Open Interest now stands at 235,097 Overnighters proving the paper contracts increased by 637. We’re only 9,099 contracts away from breaking new ground again as we get close and closer to the old high at 244,196 Obligations.

      Then we have Gold’s Open Interest, and it too continues to gain more paper promises, with last night’s Comex closing numbers showing an increase of 9,456 more short contracts being added in order to tell us “holders” how wrong we are about the price, bringing the total count to 797,088 Overnighters. Gold’s OI is now only 22 contracts away from making another new all time high in paper, not price!

      Even though the prices are lower, the stage is still set for a move to sharply higher prices. This will happen when the short contracts get forced out, as the precious metals become harder to find at these low prices. That will happen in time as the Resolute Longs still refuse to leave making things very uncomfortable for the shorts. The Resolutes have lots of gumption, far more than the armchair warriors in a criminal element still sitting in short contracts, as our “It’s Not Called QE – QE” continues, in order to keep the system liquid, and against the Resolutes!

      Regardless of the shorts and their paper game, keep that contagious smile on your face, and a positive thought in the head, and as always …

Stay Strong!

J. Johnson