In The News Today

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J. Johnson’s Latest – We May Be Getting Into The Nitty And Gritty Of It All – Ag!
October 22, 2019

Great and Wonderful Tuesday Morning Folks,  

     Gold is trading higher this morning after yesterday’s very brief lead by Silver with Au’s trade at $1,490.30, up $2.20 after reaching $1,492.10 with the low at $1,484.00. Silver is following at $17.645, up 4.3 cents and close to its high at $17.68 with the low down at $17.455. The only thing that’s keeping the precious metals from moving higher without the controllers, is the US Dollar. We all know one day this turd will flush but until then, its value is pegged at 97.16, up 11 points and at it’s high (97.165) with the low at 96.99. Or course all of this was done before 5am pst, the Comex open, and the London close.  

     The corrections in the emerging markets are real encouraging since yesterday’s rally. In Venezuela, Gold is now valued at 14,884.37 Bolivar down 42.95, taking back most of yesterday’s gains but not all with Silver’s price under the Bolivar at 176.229 down 0.899 Bolivar, taking back less than half of yesterday’s gains. In Argentina, Gold’s price now stands at 87,041.33 proving it too lost 63.14 which is by far less than half of yesterday’s gains with Silver 1,030.59 A-Pesos, losing only 3.02 from yesterday’s 13.02 Peso gain. Over in Turkey, the T-Lira now has Gold valued at 8,695.28 showing a loss of 22.62 from yesterday’s gains with Silver losing only 0.303 in T-Lira value with its price at 102.937 Lira.    

     October Silver Deliveries now show a demand count of 112 fully paid for receipts waiting to take delivery, proving a reduction of 18 – 5,000-ounce contracts of Silver during yesterday trades. We also have a Volume of 8 up on the board this morning with a trading range between $17.49 and $17.485. I also see a buyer trying to get some product with a requested price of $17.55, 6.5 cents higher and with a buy order total of 11 with no sellers around. Hmmm. We may be getting into the nitty gritty of it all and real soon too. Yesterday, we were on the verge of a far more powerful upward move in Silver, that is until the shorts came in to “not control” but to add “liquidity” to the system by adding 2,426 more positions into the Overall Open Interest giving us a total of 213,801 Overnighters. This game will carry on till there is no more physical at these prices. With the way the sellers fill only the dip prices and not the higher buys, we may be seeing the stress in reverse.    


Bill Holter’s Commentary

How does the saying go…out of my cold dead hands?

National Police Unions Refuse To Enforce Beto’s Gun Confiscation Plan If Elected
October 21, 2019

While Robert “Beto” O’Rourke’s plan for a mandatory buyback of “assault weapons” remains conceptual, many law enforcement officials have already assailed the proposed measure as “unconstitutional” and one they would not enforce.

Last week O’Rourke proposed a “visit by law enforcement” to collect banned firearms from holdouts of his proposed mandatory buyback of “assault weapons,’” such as AR-15s. O’Rourke appeared to reach that law enforcement conclusion after being pressed for details on how his plan would counter mass noncompliance by gun owners; however members of the National Fraternal Order of Police (FOP) and other law enforcement officials are already undermining that proposal, according to the Washington Free Beacon.

Several law enforcement officials reportedly called the gun control plan “ridiculous” and “asinine” and raised questions about its constitutionality.

A leader of the National Fraternal Order of Police—the nation’s largest police union, representing more than 330,000 sworn law-enforcement officers—said that not only was Beto’s plan unlikely to be constitutional but that Beto himself was unlikely to ever be elected.