In The News Today

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J. Johnson’s Latest – Silver’s Resolutes Ain’t Budgin’
September 9, 2019

Great and Wonderful Monday Morning Folks,    

      We’re glad to see our precious metals are returning to higher prices, we remain optimistic regardless of the price swings, because of all the shorting activities behind the price are failing, with Gold at $1,520.10, up $4.70 and close to its high of $1,522.20 with the low at $1,511.50. Silver is leading the charge with the trade at $18.315, up 19.6 cents after getting up to $18.40 with the low at $18.015. The US Dollar’s trade remains Steady Eddie for now with its value at 98.295, close to the low at 98.27 with the high of 98.475. All this activity happened before 5 am pst, the Comex Open, the London close, and the suspension of Parliament.     

      Our emerging market currency watch is showing nothing but positive with the Venezuelan Bolivar pricing Gold at 15,182.00 offering up a 69.91 Bolivar gain with Silver at 182.921, showing a gain of 1.049 in Bolivar value. Argentina’s Peso now prices Gold at 84,772.07 Pesos, showing a slight gain of 4.34 with Silver now at 1,021.19 Pesos, it too gaining 1.04 since Friday’s quote. The Turkish Lira now has Gold pegged at 8,707.56, showing a gain of 74.19 T-Lira with Silver at 104.915, proving a gain of 1.016 in T-Lira value.    

      September Silver Deliveries are not disappointing with the Demand count now at 885, showing a reduction of 215 from Friday’s numbers and with a volume of 237 up on the board so far with a trading range between $18.205 and $17.96 with the last trade at $17.99. We offer another curious note on the trading range numbers for September Silver. The closing price on Friday was below the trading range in Silver. Yes I wrote the right! The trading range was $18.685 and $17.97, but the closing price was $17.968, go figure!       


Bill Holter’s Commentary

$400 trillion, give or take a few trillion? Is this real? Yes probably close. The real shocker is that the cheerleaders at CNBS posted it!…But don’t buy gold or silver because they are too “scary scary”…Gold and silver are your ONLY protection!

Real US Debt Levels Could Be 2,000% Of Economy, A Wall Street Report Suggests
September 9, 2019

Total potential debt for the U.S. by one all-encompassing measure is running close to 2,000% of GDP, according to an analysis that suggests danger but also cautions against reading too much into the level.

AB Bernstein came up with the calculation — 1,832%, to be exact — by including not only traditional levels of public debt like bonds but also financial debt and all its complexities as well as future obligations for so-called entitlement programs like Social Security, Medicare and public pensions.

Putting all that together paints a daunting picture but one that requires nuance to understand. Paramount is realizing that not all of the debt obligations are set in stone, and it’s important to know where the leeway is, particularly in the government programs that can be changed either by legislation or accounting.