In The News Today

Posted at 8:33 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

So…what do they do? Do they shut the President of The United States down because he is fake news? Or hate speech? Or because “we just don’t like him”? This is not sarcasm, we honestly ask!

Twitter Censorship Confirmed: “Shadow Banning” Is Now Written Into The Platform’s New Terms
December 5, 2019

Twitter has written “shadow banning” aka, censorship, into their new terms. The platform will now intentionally “limit the visibility” of some users. Expect those who dissent from the official narrative to be the ones censored.

Critics have accused Twitter of censorship for quite some time now. But this time, it’s official. The company has admitted they will attempt to silence those critical of the ruling class. According to RT, the news terms will be taking effect in January of 2020. While the new terms don’t look like much to write home about, some tweaks to the language could have larger repercussions for users, limiting their reach behind the scenes without their knowledge.


Bill Holter’s Commentary

So let me get this straight, we have an industry with vastly negative cash flows and a huge debt load to boot? And you wonder about supply and demand? Too much demand will push prices higher, not enough supply will send prices to the moon…!

Shale’s Debt-Fueled Drilling Boom Is Coming To An End
December 4, 2019

The financial struggles of the U.S. shale industry are becoming increasingly hard to ignore, but drillers in Appalachia are in particularly bad shape.

The Permian has recently seen job losses, and for the first time since 2016, the hottest shale basin in the world has seen job growth lag the broader Texas economy. The industry is cutting back amid heightened financial scrutiny from investors, as debt-fueled drilling has become increasingly hard to justify.

But E&P companies focused almost exclusively on gas, such as those in the Marcellus and Utica shales, are in even worse shape. An IEEFA analysis found that seven of the largest producers in Appalachia burned through about a half billion dollars in the third quarter.

Gas production continues to rise, but profits remain elusive. “Despite booming gas output, Appalachian oil and gas companies consistently failed to produce positive cash flow over the past five quarters,” the authors of the IEEFA report said.


J. Johnson’s Latest – Silver’s Criminal Element may be in Dire Straits at the Exchange
December 6, 2019

Great and Wonderful Friday Morning Folks,  

     Precious metals are recovering from the typical “before the Comex Open” hit with Gold being knocked down to a low of $1,476.30 before recovering to $1,480.90, down $2.20 with the high to beat at $1,481.80. Silver was knocked down to $16.92 before the bounce with the trade now above the Maginot line at $17.01 with the high near by at $17.03. The US Dollar is not doing anything inside a 10.5-point trading range between 97.43 and 97.325 with the last quote at 97.390. All of this happened before 5 am pst, the Comex open, and the London close.    

     We have a mish mash of price swings in our emerging markets with Venezuela’s Bolivar now gauging Gold’s value at 14,790.49 Bolivar losing 8.99 in the overnight with Silver now at 169.887 Bolivar proving a gain of 0.549. Argentina’s Peso now has Gold valued at 88,684.62 Peso’s showing the noble metal recovered 59.31 with Silver at 1,018.84 Peso’s it too regaining 4.84. Over in Turkey, the Lira has Gold’s value at 8,529.33 Lira, taking back 4.32 with Silver at 97.9701 showing a gain of 0.3272 in T-Lira value.  

Our December Silver Delivery Demands now show a contract count of 914 fully paid for contracts waiting for receipts, or to day trade, inside the delivery month proving an 88-count drop from yesterday’s numbers that just so happened to have 248 contracts traded (yesterday) during the 14.5 cent climb. So far this morning the deliveries in Comex are posting a 19 count Volume inside a half penny price swing between $16.825 and $16.820. How can anyone be trading and profiting off a $25 swing per contract? Algo’s maybe, but they would have to control the entire 19 lot Volume, this minor move in price should make one wonder if there’s an element of criminal here. All day yesterday (and everyday), I observe multiple lot quantities of buy/sell orders 3 to 4 cents higher than the last trade but no takers, yet the Bid and Ask columns continually post ever changing quantities inside the “bracketed” throughout the months traded but no action at the higher prices. In our opinion, this is counter intuitive trading, in order to keep the prices stable, there must be a reason for this and in time it will be outted.