In The News Today

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Bill Holter’s Commentary

Grab the popcorn!

Mystery Parties Seek Secrecy In Jeffrey Epstein-Related Suit
March 20, 2019

Two mystery litigants citing privacy concerns are making a last-ditch bid to keep secret some details in a lawsuit stemming from wealthy financier Jeffrey Epstein’s history of paying underage girls for sex.

Just prior to a court-imposed deadline Tuesday, two anonymous individuals surfaced to object to the unsealing of a key lower-court ruling in the case, as well as various submissions by the parties.

Both people filed their complaints in the New York-based 2nd Circuit Court of Appeals, which is overseeing the case. The two people said they could face unwarranted speculation and embarrassment if the court makes public records from the suit, in which Virginia Giuffre, an alleged Epstein victim, accused longtime Epstein friend Ghislaine Maxwell of engaging in sex trafficking by facilitating his sexual encounters with teenage girls. Maxwell has denied the charges.

“Wholesale unsealing of the Summary Judgment Materials will almost certainly disclose unadjudicated allegations against third persons — allegations that may be the product of false statements or, perhaps, simply mistake, confusion, or failing memories of events alleged to have occurred over a decade and half ago,” former federal prosecutor Nick Lewin wrote in an amicus brief filed Tuesday.

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Bill Holter’s Commentary

If this is true, I would say it is quite the “derivative”…!

US Customs Just Seized A Ship Owned By Jpmorgan After Authorities Found $1 Billion Worth Of Drugs On It
July 9, 2019

Federal prosecutors in Philadelphia have seized a container ship operated by the Mediterranean Shipping Co., weeks after authorities found more than $1 billion worth of cocaine on the vessel in what was one of the largest drug busts in American history.

US Customs and Border Protection seized the ship on July 4, a statement out Monday said. The ship is owned by client assets in a maritime strategy offered by JPMorgan Asset Management, according to a person familiar with the matter. It is operated by the Switzerland-based MSC.

On June 17, border agents found 39,525 pounds of cocaine stashed in several containers on the MSC Gayane at the Philadelphia seaport. The street value of the drugs was estimated at about $1.3 billion, making it the largest cocaine seizure by the agency.

“A seizure of a vessel this massive is complicated and unprecedented — but it is appropriate because the circumstances here are also unprecedented,” US Attorney William McSwain said. “We found nearly 20 tons of cocaine hidden on this ship.”

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J. Johnson’s Latest – The Point of Contention is Right Here!
July 10, 2019

Great and Wonderful Hump Day Morning Folks,     

      Gold is trading lower this morning with the going price at $1,396.90, down $3.60 after being pushed down to $1,391.80 with the high 30 cents above the ($1,400) Maginot Line). Silver is down 3.2 cents at $15.115 with its low at $15.07 and the high at $15.165. The US Dollar is equally as flat as the precious metals prices with its trade at 97.075, down 2 points with the high at 97.165 and a low at 96.965. All of this non-activity happened before 5 am pst, the Comex open, and the closing in London.    

      Our emerging markets currency watch now has Venezuela’s Gold priced at 13,951.54, adding 37.95 in Bolivar value with Silver pegged at 150.961 gaining .649 Bolivar. Argentina’s Peso now has Gold priced at 58,398.06 it too adding 168.27 A-Pesos with Silver pegged at 631.885 adding 2.755 Pesos. Turkey’s Lira has Gold priced at 8,026.83 adding 93.65 Lira with Silver now at 86.8568 adding 1.1516 T-Lira. We are finally seeing all 3 currencies in massive print pushing the precious metals prices higher, hopefully this will lead right into the primary currencies.     

      July Silver Delivery demands now show a total of 554 requests for physical proving a drop of 175 obligations with the EFP’s going to London or getting the physicals here. So far this morning the Volume in the delivery month is showing 3 contracts traded inside a trading range between $15.055 and $15.00 with a buy order posted at $15.035 with a 24 lot Bid. Silver’s Overall Open Interest is now at 217,448 Overnighters proving 1,279 positions exited the playing field as the shorts start to worry about todays’ prepared remarks from our Federal Reserve Chairman (who has been warned he can be fired) in front of the House of Representatives.   

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