Posts Categorized: General Editorial

Posted by & filed under General Editorial.

CFTC Commissioner Behnam: will you explain your comments about the silver price being tamped down and controlled.

JSMineset interviews Chris Marcus regarding silver manipulation.

Chris Marcus of www.Arcadiaeconomics.com joined us to give an update on his detective work into the silver manipulation and his letters to the CFTC.  Chris is a true soldier of truth and should be commended for his diligence and bravery!

Letter to CFTC’s Behnam PDF

Posted by & filed under General Editorial.

Great and Wonderful Monday Morning Folks,

      Here we are, inside the last days of the April Deliveries, with June Gold trading flat to lower at $1,776.30, down $1.50 and close to the low of $1,773.60 with the high at $1,783.10. Silver is in the green, with the July contract up 4.1 cents at $26.155 after hitting a low of $25.935 with the high at $26.235. The US Dollar is as flat as can be with the trade at 90.845, up 0.006 and close to the high of 90.87 with the low down at 90.655. Of course, all this happened before 5 am pst, the Comex open, the London close, and after the best gathering ever for this sporting event happened in Florida, as the unwoke UFC 261 returned “a sense of normalcy to the sports world” last Saturday night.

       Gold under the Venezuelan Bolivares is now worth 4,442,906,246 proving a pullback of 52,176,454 Bolivares since Friday morning with Silver losing 589,615 with its last trade at 65,431,755 Bolivares. In Argentina, Gold is trading at 165,417.26 Peso’s showing a pull of 1,056.98 with Silver showing a reduction of 9.06 with its last buy price at 2,436.14 A-Peso’s. Even in Turkey, the pullback in the price of Gold stands against the crypto news surrounding the nations freefalling economy with the last trade at 14,781.80 Lira’s showing a drop of 137.23 with Silver losing 1.61 T-Lira’s with its last buy at 217.46.

      April Silver’s Delivery Demands now shows a count of 52 fully paid for 5,000-ounce contracts waiting for delivery and with a Volume of 34 already up on the board with a single price at $26.06, down 1.7 cents, so far today. Hello Mr. Resolute! Friday’s activity, before this past weekends “John Adams interview with Jim and the Boys”, had a total swap of 36 contracts posted up on the board between $26.24 and $26.025 with the very last buy at $26.06, a loss of 11.4 cents on the day, with Comex Calculating the Close at $26.07, a loss of 9.7 cents which only reduced the demands by 3 contracts. Is someone jumping into the April deliveries before the closing of the contract? Stay tooned! Silver’s Overall Open Interest lost only 50 contracts, since Friday morning, with the total count at 172,975 Overnighters doing the dirty against the shortages in the real product. As an added caveat, the May contracts now total 56,381 contracts, which equals 281,905,000 ounces, or over $7billion in paper with only 4 more trading days to go. The shorts are going to have to scare out some very strong Resolutes for this next delivery month to be considered “normal”.

      April Gold’s Delivery Demands are Super Resolute with the count now at 2,319 fully paid for 100-ounce contracts waiting for receipts with a Volume of 350 already trading in between $1,779.70 and $1,770.80 with the last swap at $1,771.10 a loss of $5.90 so far today. This Delivery count represents 231,900 ounces of delayed physical, or $410,718,090 in paper with 2 more days for the banks to deliver, and that doesn’t include the swaps that have already occurred. Tick Tock! Friday’s full day of Delivery activity happened in between $1,794.50 and $1,772 with the last swap, priced at $1,777.10, a loss of $4.10 with the CCC at $1,777, down $4.20 that had a total of 332 swaps which raised the demand count by 196 additional contracts. The physical demands are not the only ones showing an increase, so is the Overall Open Interest, as another 795 contracts got added bringing the total count to 477,495 paper contracts to trade against the physicals.

      This weekends interview seemed to bring it all together. John Adams, the Aussie Economist delivered some well needed hard facts from Down Under, with Jim laying it all out as the global game against the physicals may be coming to an end! This game of deliveries has an overwhelming issue with international warehouses. With Perth, and Kitco, delaying deliveries and not calling their actions a default, it’s only a matter of time before other international warehouses start to come up with excuses for not delivering what is allocated. There was so much talked-about in this interview, one could go many different ways towards the conclusion that the paper game of control is just about over, and as the physical deliveries prove it!

Enjoy this interview, consider listening to it a couple of times, and buy more physicals at these cheap prices while you can. The premiums won’t matter much, once the prices exceed their LOCH’s, while the excuses fly as well as the prices, as the world goes into digital overprint, to keep the fiat system on live support. As always …

Buy Physicals!

Jeremiah Johnson

JeremiahJohnson@cableone.net

More J.Johnson content is available with purchase of a JSMineset subscription.

Posted by & filed under General Editorial.

Great and Wonderful Wednesday Morning Folks,

      June Gold is up $5.80 with the trade at $1,784.20 with the high at $1,788.70 and the low at $1,776.60. Silver leads the percentages with the May contract at $26.07, a gain of 23 cents after hitting a high of $26.205 with the low at $25.795. The US Dollar, continues to find international support with the value pegged at 91.335, up 10.8 points inside a trading range between 91.37 and 91.10. Of course, all this happened already before 5am pst, the Comex open, the London close, and after yesterday’s events unfolded into a mob rule win.

      Gold under the Venezuelan Bolivar is now priced at 4,208,617,205, providing the holder a gain of 21,701,049 Bolivares with Silver priced at 61,494,591 Bolivares, a gain of 94,351. In Argentina, Gold gained 949.74 Peso’s with the trade at 165,747.85 with Silver gaining 5.12 A-Peso’s with its last buy at 2,421.22. The Turkish Lira now has Gold valued at 14,558.42 proving a gain of 145.92 Lira’s with Silver’s last buy price at 212.77 T-Lira’s, an overnight gain of 1.43.

      April Silver’s Delivery Demands now stand at 175 fully paid for 5,000-ounce contracts waiting for delivery with another zero in the Volume column, so far today. Yesterday’s activity had a total Volume of 1 up on the board with a $25.855 price before Comex opened, and it stayed that way all day long with the CCC at $25.835, a gain of 4 tenths of a penny which helped reduce the physical demand count by 10 contracts. Silver’s Overall Open Interest is hardly moving at all with this morning’s count at 169,699 Overnighters willing to do the dirty against real price discovery as another 281 contracts got added, or Silver would have gained even more value. Another thing is the trading Volumes have dropped off, leaving one the idea that May’s open interest has something inside it that may impose a change.

      April Gold’s Delivery Demands now stand at 2,969 fully paid for 100-ounce contracts still waiting for receipts and a Volume of 126 up on the board with a trading range between $1,783.10 and $1,777.70 with the last swap at $1,782.80, a gain of $5.50 so far today. Tuesday’s delivery activity happened in between $1,774.90 and $1,765.50 with the last buy at $1,776.30, a gain of $6.90 which happened after the CCC at $1,777.30, a gain of $7.70 on the day that had a total of 1,458 swaps helping to reduce the demand count by 832 contracts that may have received receipts, maybe. Gold’s Overall Open Interest lost 1,241 paper contracts since yesterday morning giving us an early morning total of 473,448 Overnighters willing to trade against what is not there, and proving once again, all the activity was inside the delivery system.

     May Silver’s Open Interest is still ahead of any other month’s, which is why I am still using it for the quoting price. July’s OI is 300 contracts away from leading all, which will become the new futures quote moving forward. There is only 5 trading days to go before the April Contract ends and 7 days before the May Contracts become the delivery month, which still has 370,150,000 ounces worth of contracts to be removed or the price becomes their problem. We have the added bonus of not seeing any movement, in size whatsoever, in the delivery system. The total “newly added” delivery swaps in April only reached 212 contracts so far. Inside this count, a total of 95 swaps occurred up to April 14th, and on the 15th, a swap of 95 occurred with no price. Did these purchases come back via EFP’s back into the Comex because London already emptied their warehouses? Or is there something else we cannot see yet?

      Even April Gold’s pending delivery demands are still way the heck up there at 296,900 ounces, still waiting for receipts, and with only a few days to go. We have this idea, for a while now, that these foreign warehouses are using each other’s trading systems to hedge their physical shortages, one has to wonder how deep the paper over physicals really is? One day, we will all find out, all-at-once, when the real prices start to move in order to find real product.

      In the meantime, we have an important guest for this Saturday’s audio. John Adams; the Aussie Economist, who has been successfully hammering the Perth Mint and Kitco, will be with us in a special discussion. We will all be able to glean more data and as the WallStreetSilverApes continue to find every excuse in the world, to buy more and more physical Silver. It just may be, all this activity, from the ground up, and in other nations, has finally reached a pinnacle that the Comex and LBMA warehouses have to deal with.

The Match is On!

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      Enjoy the day, gather more physicals while the prices are cheap and the exchanges still work. Have a smile on your face and a prayer for all, and as always …    

Stay Strong!

Jeremiah Johnson

JeremiahJohnson@cableone.net

Posted by & filed under General Editorial.

Great and Wonderful Monday Morning Folks

      We start the first trading day of Spring with June Gold down $4.30 with the trade at $1,739.70 after the dip down to $1,728.60 with the high at $1,749.20. Silver is still their big problem with the trade at $25.82, down 50.1 cents after the algos dipped it to $25.45 with the high at $26.35. The US Dollar’s value is following the metals with the peg at 91.775, down 15 points, near the low at 91.755 with the high at 92.175. Of course, all of this happened before 5 am pst, the Comex open, London close, and after another eventful exchange regarding WallStreetBetz, the exchange that protect the illegal short selling of shares above and beyond the real numbers, and those doing the questioning in congress. I especially loved it when one of the critters of congress said a website, where uneducated people go to talk about stock markets, could actually damage the markets integrity. Really?

      In Venezuela, there may be an issue with my currency calculations, with Gold either trading at 3,134,297,246.46 Bolivars, or 17,375.25 Bolivars. See the issue here, if you type in the word “Bolivar”, you’ll see 3 different currencies with 1 considered obsolete. Silver, under the same currency is either trading at 257.88 Bolivars or 46,518,109.39 Bolivars, don’t know about you, but I prefer the higher prices. In Argentina, Gold is now valued at 158,842.45 Peso’s, a loss of 15.63 since Friday morning with Silver at 2,357.45, a loss of 36.17 A-Peso’s. Turkey latest price for Gold traded at 13,800.33 Lira proving an increase of 1,146.32, after Erdogan fires central bank head over the weekend, with Silver last price at 204.68 T-Lira, proving a gain of 14.08.  

      March Silver’s Delivery Demands now stand at 941 contracts waiting for receipts with a Volume of 82 already up on the board with a trading range between $25.955 and $25.54 with the last purchase at $25.69, down 60.2 cents so far today. Friday’s full day of trade happened with only one price posted, at $26.055 which had a total of 194 swaps, yet Comex calculated its close at $26.292, a loss of 2.9 cents that helped reduce the demands by 107 contracts. What do you think, did the centrals know that banker in Turkey was fired before we got word? Silver’s Overall Open Interest gained 655 more short contracts bringing today’s early morning total to 161,531 Overnighters to trade against the shortages in the warehouses that will never be confirmed by any third party, or their gig would be up.

      March Gold’s Delivery Demands are way the heck up there at 1,179 fully paid for contracts waiting for receipts with no Volume, so far today. Friday’s full day of ICE deliveries happened in between $1,742.20 and $1,733.60 with the CCC at $1,741 which had a total of 13 contracts being swapped. The first 11 swaps were done early Friday morning at the high, the last two were at the bottom, with these trades helping to raise the demand count by 1. Gold’s Overall Open Interest proves a gain of 5,266 paper contracts to trade against the physicals bring the early morning count to 472,882 Overnighters.

WallStreetSilverBacks are claiming their ape-ry has buried the Perth Mint. We’ll see in the future, in the meantime, their meme’s are truly inspirational as we enter the Planet of the Silver Back Apes.

      John Adams did have a twitter page, not anymore (maybe) …

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    Enjoy the day, get more precious metals at these super cheap prices, Boy Scout Up, and as always …

Stay Strong!

Jeremiah Johnson

JeremiahJohnson@cableone.net

More J.Johnson content is available with purchase of a JSMineset subscription.

Posted by & filed under General Editorial.

Great and Wonderful Friday Morning Folks,

Gold is up $7.40 with the June Contract trading at $1,742 with the high at $1,746.70 with a low at $1,729.30. May Silver is down 11.1 cents with the trade at $26.24 after the dip to $25.925 with a high to beat at $26.29. The US Dollar’s value is pegged at 91.92, up 5 points with the high of London at 91.98 and a low at 91.665. Of course, all of this happened before the Comex open, the London close, during the Triple Witch Week, and while precious metals sales continue to skyrocket, more now than ever before, and thanks to a bunch of primates as well as other species who see and understand what is happening right now.

Gold in Venezuela is worth 17,398.23 Bolivar proving a gain of 132.84 overnight with Silver gaining 0.40 of a Bolivar with its last buy at 262.07. Argentina’s latest price for Gold now registers an 1,187.95 increase, with the last trade at 158,858.08 Peso’s with Silver adding 4.08 to its value with the last buy at 2,393.62 A-Peso’s. Turkey’s Lira has Gold valued at 12,647.81 showing a reduction of 266.54 Lira with Silver doing the same losing 2.05 with its last price at 190.60 T-Lira’s.

March Silver’s Delivery Demands remain constant with 1,048 fully paid for 5,000-ounce contracts still waiting for receipts with a Volume of 12 up on the board and a single price, $26.055, down 26.6 cents so far today. Yesterday’s full day of ICE deliveries happened in between $26.435 and $25.90 with the last purchase at $26.05 and a Comex Calculated Close tallied at $26.321, a gain of 29.1 cents on the day that had a total of 81 swaps that only reduced the demands by 18 contracts. Silver’s Overall Open Interest lost only 8 pieces of paper over the last 24 hours leaving a total of 160,876 Overnighters willing to monkey around the Comex while Silver is being removed at every level. Who’s gonna blink first, Comex or the Silver-Apes?

March Gold’s Delivery Demands are also constant with the count now at 1,181 fully paid for contracts waiting for receipts with a Volume of 11 up on the board and a singular purchase price of $1,742.20, a gain of $10 over yesterday’s close. Thursday’s full day of delivery trade happened in between $1,750.30 and $1,721.80 with the last buy at $1,727.40, after the CCC at $1,732.20, a gain of $5.40 that had a total of 138 new swaps that only reduced the demands by 85 contracts. Gold’s Overall Open Interest lost 3,400 contracts to short against the demands leaving a total of 476,616 Overnighters to trade against the physicals, until there is no more.

WallStreetSilver’s primates are making enough noise to cause Jeffrey Christian to come out and tell them how misguided they are. This should go over well since we all witnessed how off Christian was, when he challenged GATA’s stance, in front of the CFTC hearing, claiming that there is no manipulation. 10 years later, we have JP Morgan paying almost a billion dollars in penalties for manipulating many markets, including Silver.

Here is the look we have regarding anything this apologist says. All these are from Reddit’s WallStreetSilver group;

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This is what the centrals think will work;

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With Triple Witch Week ending after today’s trades, we keep ourselves mentally active;

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Perth Mint seems to be a focus lately for the primates and others, because they have run out of some Silver stuff.

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We will continue to teach others to hold physical Silver and Gold. With most people stuck at home for over a year, our kids may be picking up these reasons, early!

Find that smiles, and keep packing and stacking. If there is a delivery problem, it will be too late to get more at these cheap prices. Enjoy your weekend and have a prayer for all, and as always …

Stay Strong!

Jeremiah Johnson

JeremiahJohnson@cableone.net

More J.Johnson content is available with purchase of a JSMineset subscription.

Posted by & filed under General Editorial.

Great and Wonderful Tuesday Morning Folks,

      Gold is still in the green with the April contract at $1,732.20, up $3 and close to the high of $1,736 with the low at $1,724.40. Silver is giving the sell signal, with the trade at $26.155, down 13.3 cents and trading right by the low at $26.065 with the high at $26.405. The US Dollar’s new trading month is now June with the trade pegged at 91.71, down 12.2 points with the low at 91.69 and the high at 92.00. Of course, all of this happened before 5 am pst, the Comex open, the London close, and as we still wait for an official date for Biden to address the joint session of congress, which most likely would be the lowest viewed address since the start of radio or television.

    Gold, under the Venezuelan Bolivar is now worth 17,300.35 Bolivar proving a gain of 29.96 overnight with Silver losing 0.30 with its last trade at 261.27 Bolivar. Further south in Argentina, Gold gained 743.39 Peso’s with the last price at 157,741.89 with Silver gaining 4.72 with its last price at 2,382.21 A-Peso’s. Turkey’s last trade in Gold occurred at 12,944.85 Lira showing a loss of 70.40 with Silver at 195.50, down 1.68 T-Lira’s.

      March Silver’s Delivery Demands now stand at 1,209 fully paid for contracts waiting for receipts and with 170 new swaps already up on the board between $26.145 and $26.13 with the last trade at $26.145 so far today. Monday’s delivery activity happened in between $26.335 and $25.925 with the last purchase at $26.30, after the Comex closed its day out at $26.253 which had a total of 143 buys raising today’s count by 93 contracts. Was this a Resolute Purchase or a Bunch of Apes from WallStreetSilver? We hope it’s both! Silver’s Overall Open Interest gained as well as another 1,236 contracts had to be added for liquidity bringing the early morning total to 156,978 Overnighters to go against real price discovery, for now.

       March Gold’s Delivery Demands now has a total of 192 fully paid for contracts waiting for receipts and a Volume of 78 already up on the board with a trading range between $1,732.20 and $1,729.50 with the last buy at 1,730.30, a gain of $1.40 so far today. Yesterday’s Ides of March trade happened in between $1,731.90 and $1,722.80 with the last buy at $1,727.70, a gain of $8.20 after Comex Calculated its close at $1,731.70 which had a total of 147 new swaps that helped raise the demands by 9 contracts. Also, of note was the reduction in the standing delivery count from 70 to 69 during Comex trading yesterday. Minor yes, yet it helps prove the lack of accuracy at the Comex, which is still a common core problem even after all those algo’s took over. Gold’s Overall Open Interest shows a gain of 6,028 more short contracts having to be added bringing the early mornings total to 472,427 contracts to trade against the physicals.

      The rumors continue in Silver as one of the Apes at Wall-Street-Silver put out a claim; Breaking news Perth mint out of physical silver bullion for the next minimum 6 months. Hi Everyone in addition to my recent post. My friend just called Perth mint asking to claim his $300k of unlocated silver that he bought last year. They told him that they will put him on the waiting list and couldn’t give him any specific date for delivery. They told him for big orders could be over a year. Let’s see if there is a confirmation from another source.

      These new buyers have an attitude I truly love, regardless of how little is purchased. Each and every one receives notes of encouragement after they post their purchases with a few adding comic relief. 

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      Every purchase matters! Consider what Andy Schectman said during one of the Silver gathering videos over a weekend a few weeks past. He had to buy spot futures contracts to cover his demands after selling out everything. Each major supplier does the same thing in order to protect their businesses. Even the smallest purchase adds up to a level that needs coverage eventually. With the WSS (Wall Street Silver) group doing what they are doing, it makes sense that the demands would pick up like they did yesterday. One day, it’s all going to matter, which is why we continue to support the buying of physicals anywhere and in turn, it drains the Comex’s paper strength.

      We’re in the Triple Witch Week, with the usual pressure being applied for now. Regardless of the precious metals price actions, the US Treasuries have a problem, which is the core issue. So, keep buying up physicals and get out of the system while you can and …

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Stay Strong!

Jeremiah Johnson

JeremiahJohnson@cableone.net

More J.Johnson content is available with purchase of a JSMineset subscription.

Posted by & filed under General Editorial.

Great and Wonderful Friday Morning Folks,

      Gold is trading at $1,701.30 down $21.30 and right close to the usual low of London at $1,696.60 with the high to beat at $1,726.10. Silver is leading the beatings, even though the inventory arguments persist, with the trade at $25.595, down 59.8 cents after the dip down to $25.48 with the high at $26.235. The US Dollar continues to see support, for now, with the trade at 91.875, up 45.7 points with the high right there at 91.96 and a low at 91.405. Of course, all this happened before 5 am pst, the Comex open, the London close, after more money is being passed out by Team Biden, and after the governing body in commodities did its homework on the WallStreetBetz – SilverBackApes.

      Gold, under the Venezuelan Bolivar, is now priced at 16,991.73, a savings of 284.65 with Silver trading at 255.68, a 7.19 Bolivar discount over yesterday morning. In Argentina, Gold lost 2,494.97 Peso’s overnight with the current buy price at 154,447.29 with Silver buyers seeing a 63.76 discount over yesterday’s gains with its last trade at 2,324.16 A-Peso’s. Lastly, Gold under the Turkish Lira, didn’t even lose half of yesterday’s gains, with the last trade of the day at 12,906.14 Lira down 16.71 with Silver losing 2.36 (more than yesterday’s gains) with its last buy at 194.20 T-Lira.

      March Silver’s Delivery Demands now has a count of 1,148 fully paid for 5,000-ounce contracts waiting for delivery with a Volume of 16 already up on the board with a trading range between $26.20 and $25.705 with the last buy at $26.725, down 43.7 cents, so far today. Thursday’s full day of ICE Deliveries happened in between $26.41 and $26.04 with the last buy at $26.17, with Comex Calculating its Close at $26.162, a gain of 6 cents which had a total of 37 new swaps that helped increase the demand count by 12 contracts. Silver’s Overall Open Interest proves a gain of 543 Overnighters bringing our early morning total to 156,662 “shorts over physicals” as the draining continues, unabated.

      March Gold’s Delivery Demands now has a count of 309 fully paid for 100-ounce contracts waiting for receipts with a Volume of 58 already up on the board and a trading range between $1,715.90 and $1,699 with the last swap of London at $1,699.20 down $23.10 so far today. Yesterday’s full day of ICE Delivery demands had a total of 18 swaps that happened in between $1,737.50 and $1,720.20 with the last buy at $1,721, and a CCC at $1,722.30, gaining 80 cents on the day, which helped reduce the delivery demands by a whopping 1,726 contracts, that got something, like a receipt, or was sent to London via EFP, so they can take delivery over there, or to short a delivery contract into the Comex open, maybe. Not only did the Demand Count fall quite a bit, so did the Overall Open Interest, as 7,840 “papers over physicals” left the field of play leaving 468,453 Overnighters to keep things in control.

      I listened to yesterday’s CFTC hearing (last month’s congressional one too) and am grateful they addressed the WallStreetBetz-Silver-Back-Apes and their want for physical Silver. This had to be done after the Congressional Hearing over GameStop, a failing mall-queen, which just so happened to have certain hedge funds shorting a combined total of 140% “short over actual shares” (an accusation from WSB), which these “low IQ crayon eating retards” traded against, and buried! When these reddit site members mentioned they wanted to go after the Silver Shorts in Comex, the governing bodies perked up. The CFTC employee, claimed during the audio hearing, that their investigation into the WSBz-Apes proved to be mute, or not even noticeable. Another person in the hearing mentioned they are reading the sites and are making adjustments accordingly (algo?). 

      I thought they would gloss over the issue, and they did, imo, the had no choice. How can a regulator determine from the names used in Reddit, and match those with real accounts that are buying physicals in stores or at the Comex? For example, is there a real person named “FlamingKitty”, “Physical_Farmer_4222”, “FartInACrowdedElevator”, or “JakeFromStateFarm” that have checking accounts and all proper verifications needed in order to trade in commodities? The Reddit site is all about privacy, so these people make up names, then gain followers based on their points of view and humor. My thoughts, in all things investing; was/is real names, matching SS numbers, addresses, et al, have to be used period, at least I thought so, I best leave room to be wrong here since the CFTC has done its homework.

      In the meantime, the deliveries continue, Comex claims to have deliverable metals, our electronic manufacturers still have needs, and the premiums are still high! Now there is another group, that wants physicals at any price. This group has more pictures from the “Low-IQ-Apes” that are truly inspirational!

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      We haven’t even seen their Billboard Signs yet, so Stay Tooned, keep buying up physicals, and welcome any and every one including fake names, into the purchases of physicals while the printing of dollars continues, weakening everyone’s purchasing power and retirement accounts. Enjoy your weekend, find a smile no matter what, and as always …    

Ape Up!

Jeremiah Johnson

JeremiahJohnson@cableone.net

More J.Johnson content is available with purchase of a JSMineset subscription.