In The News Today

Posted at 10:13 AM (CST) by & filed under In The News.

J. Johnson’s Latest – The Resolute Buyer(s) Vs. Overwhelmed Silver Shorts
August 21, 2019

 Great and Wonderful Wednesday Morning Folks,    

      Gold is trading lower this FOMC morning with December’s trade at $1,510.30, down $5.40 after dipping down to $1,506.50 with the early morning high to beat at $1,518.40. Silver is held back as well with Decembers price now at $17.20, down 8.6 cents after it was pushed to $17.115 with the high close by at $17.265. The US Dollar doesn’t seem to be moving at all compared to the metals with the value pegged at 98.03, down 3.3 points and very close to the low at 98.02 with the high up at 98.18. All of this occurred before 5 am pst, the Comex open, and the London close.    

      The emerging markets currency watch is showing price reductions with the Venezuelan Bolivar now valuing Gold at 15,084.12 showing a 63.92 Bolivar drop in value with Silver now priced at 171.785 showing a gain (only due to the Sept/Dec rollout) of 1.997 Bolivar. In Argentina, the Peso now has Gold valued at 82,646.98 showing a loss of 533.01 A-Pesos with Silver now at 941.305 A-Pesos. The Turkish Lira now has Gold trading at 8,625.28 proving a loss of 52.36 T-Lira with Silver now gauged at 98.2218 Lira.    

      The Delivery Count for August Silver proves a purchase was made during yesterday’s trades as the buyer came in and added 4 more fully paid for contracts to the mix leaving the Open Interest at 5, also proving 1 buyer got his receipt for physicals as well. So far this morning we have Zero Volume and no trading range to offer as we wind down the physical deliveries for the month.


Bill Holter’s Commentary

Helicopter money? Ya’ think!

PIMCO Starts Dumping Bonds, Fears “Helicopter Money” Around The Corner
August 20, 2019

Amid a collapse in global bond yields (to record lows) and soaring aggregate volumes of central-bank-created negative-yielding debt, at least one big bond shop is dumping sovereigns.










Source: Bloomberg

“We’re a lot more defensive,” warned PIMCO’s Daniel Ivascyn, group CIO at the massive bond manager, noting that after the best year-to-date performance since 2003, the fund is paring its positions in government debt on fears that a breakthrough in US-China trade talks could trigger a violent sell-off.

“Even if we get a narrow trade agreement [between the US and China] we could see a pretty powerful snapback in yields.

However, as The FT reports, while PIMCO is lightening up on their positions in the UK and European bond markets, it is reducing exposure to the US government bond markets less.


Bill Holter’s Commentary

Mark Mobius is pretty mainstream…is common sense making a comeback?

Mark Mobius: Buy Gold At Any Price

August 20, 2019


Last week we reported that the mainstream is turning bullish on gold, and in recent months, a number of prominent investors including Paul Tudor JonesThomas Kaplan and David Roche have all talked up the yellow metal. This week, we have another well-known veteran investor saying buy gold.









During an interview with Bloomberg, Mark Mobius said that at this point investors should buy gold “at any level.”


Bill Holter’s Commentary

This in front of Congress…where is the press?

Jim Sinclair’s Commentary

Why FISCAL STIMULATION MUST OCCUR in the USA WELL BEFORE 2020 JUNE. There is no other alternative. Fiscal Stimation demands monetary expansion, as that is simply axiomatic. Since the tool of Monetary Stimulation is worn-out globally, these above facts are going to provide a currency event resulting in inflation.

Truckers And Farmers Who Voted For Trump Are Starting To Blame His Policies For Their Economic Woes
August 21, 2019

The right-leaning laborers who helped elect Donald Trump to the presidency in 2016 are starting to sour on the real estate scion — truck drivers and farmers.

“He has not affected our business in a positive way,” one truck driver, who asked for anonymity to protect their small business, told Business Insider. “He’s killing our business. If consumers aren’t buying, then there is no demand. This really isn’t about my political leanings — it’s pure business.”

On Monday, Trump reportedly had to have a two-hour Cabinet meeting about increasing blowback from farmers. Trump campaigned in Iowa with the promise to support ethanol, which helped secured the vote from the state’s 140,000 farmers, who are largely involved in corn.