Posts Categorized: General Editorial

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Great and Wonderful Monday Morning Folks,

       Gold is trading higher after the weekend, but not as high as the opening minutes, with the trade at $1,679.40, up $7 after reaching $1,704.30 (up $31.90) before all the calm was put into place, with the low at $1,658.00 right around the time of the London Open. Silver should be have had the police called out for the beating it’s taking right now, because a certain element can’t let it go, with the trade at $16.960, down 30.3 cents and after the first shot out of the gate put the price at $17.615 (+35.2 cents), with the starting London low at $16.570. The US Dollar, continues to collapse with the trade at 95.145, down another 78.9 points, yet it too has recovered from the fear, with all this “calm” being added after the trade dipped down to 94.665 with the Sunday night starting point at 95.780, Man oh Man What a Night For a Fright! Of course, all this happened already, before 5 am pst, the Comex open, the London close, and after the S&P500 went “Lock Limit Down”, Crude Oil traded $10 lower, and after the spot month in the 30 Year Treasury went 13 full basis points higher! Something I’ve never seen before in over 25 years!

      The Emerging Markets Currency Watch is showing the Calming Algo Machine is still working and in control. In Venezuela, Gold is under attack, as expected after last week’s IMF warning, with the price at 16,773.01 Bolivar, a lose of 77.90 with Silver at 169.388 showing a gut punch loss of 7.894 Bolivar over the weekend. The Argentine Peso is gaining value and pushing Gold lower with the trade at 104,842.09 showing a weekend loss of 305.27 A-Pesos with Silver losing 28.31 Peso’s with the super sale price of 1,058.94. Over in Turkey, the Lira has Gold beaten down to 10,272.30 showing a loss of 24.43 T-Lira with Silver losing 2.795 T-Lira’s with the price at 103.740.

      March Silver’s Delivery Demands shows a count of 749 contracts up on the board, proving a drop of 21 fully paid for 5,000 ounce obligations waiting for receipts and with a trading range between $17.435 and $16.570 with the last buy/sell at $16.960, showing us how those, that have the metals to sell, would rather sell at the lower prices than what used to be called normal, selling at the higher prices. Silver’s Overall Open Interest shows a small decline in count, since Friday mornings write up, with the total now at 196,042 Overnighters, proving a loss of 1,362 short contracts as of right now, with the idea that tomorrow morning, the shorts will have proven it piled on more than can be seen now. This activity can’t last much longer as our Resolute Buyers are soaking up their sells.

      March Gold’s Delivery Demands now shows a count of 97 fully paid for contracts waiting for receipts and with a Bigger Volume of 118 already posted up on the board with a trading range between $1,701.60 and $1,657.70 with the last buy/sell price at $1,675.30 proving the same point that the holders would rather lose value before they liquidated than sell at the higher price, this is done even after the fear trade was put into place, around the world. Gold’s Overall Open Interest proves the shorts are getting out while they can and during their manipulations with the count now at 668,692 Overnighters, proving a strong reduction of 21,318 Obligations during Friday’s trades. We expect the shorts to have piled on their game one more time as they attempt to tell everyone they remain calm even though we have a lock limit down in the Stock Market. You see, these Algos are not afraid of the Coronavirus, they fear being unplugged.

      “Lock Limit” is a term we use in the Commodity Sector. Reaching a “limit” is one thing which means a single trading month’s transaction reached the maximum move allowed, but is still trading. A “Lock Limit” is when the 3 first (front) months of the same Commodity hits the limit at the same time, then all trading stops. The S&P and the Dow Jones have “Lock Limited Down” in the overnight, meaning no more trades until later today. This is a “very scary moment” for anyone who is long a contract in either market because there are no buyers for their sell orders. “Lock Limit Down” is the exact opposite of what we expect in precious metals when they finally go exponential, when it is declared a “Lock Limit Up” or a “Time Out” since the rules were changed over a decade ago and for no reason.

      A quick lesson here is in the Commodities Sector’s Options Board. When a market goes lock limit, many are stuck in place, some winning and other losing equally, that’s when we look into the options to see how much more the markets might have traded “if” there was no limit move. The March S&P closed Friday at 2964.00 and is now at 2819.00 down 145 points. The March S&P 2970 “Put” closed on Friday at 96.25 with the last trade/post in the early morning at 170. The Option was “just in the money” at the Friday close and is now 170 points higher in value yet the market this derivative is made from is down 145 telling us another 25 points would have kept this market from locking limit.

China again, has cancelled most of their flights to Beijing, Shanghai, and Hangzhou, drawing public speculation that the changes were precautions “related to the novel coronavirus outbreak…. According to flight-tracking websites, almost all flights from Shenzhen and Guangzhou to Beijing, Shanghai and Hangzhou were cancelled after 5:15 p.m. local time on March 5. Some of the flights to Tianjin, Nanjing, Shenyang, and other top Chinese cities were cancelled as well. On March 6, flights resumed but were delayed.…with all passenger trains departing from Hangzhou, Shanghai, Beijing, Chongqing city, Chengdu in Sichuan province, Zhongshan in Guangdong province, and many other major Chinese cities also stopped operations on March 6.”

      Hopefully you are prepared for a staycation, while the world sorts out the lies from the truths in all media and governments, as we observe the rising global death tolls. Keeping Calm is a must, it allows those that can a chance to make decision’s not based in fear while those that do panic, prove why it’s safer to Keep Calm. Have a smile on your face and a kind thought in your heart, no matter what, and as always …

Stay Strong!

Jeremiah Johnson

JeremiahJohnson@cableone.net

More JJ reports can be observed on the subscriber side of the site.

Posted by & filed under General Editorial.

This is a public article, the majority of my work is now posted for JSMineset subscribers.

Great and Wonderful Monday Morning Folks,

      A violent reversal has occurred in Gold with Sunday’s 3pm pst opening price for April Gold at $1,592.80 up $26.10 then raced to $1,612.10 (the high so far) with the right now price at $1,597.10 with the low at $1,576.30. The Red Headed Step Child – Silver is still taking the beatings (and is getting stronger because of it) with its opening price at $16.50, up only 11.3 cents from Friday’s closing price with the rally sending it to $17.06 before they settled it down with the low at $16.445 and the right now price at $16.80 up 33.7 cents. The US Dollar is finally losing some altitude with the trade at 97.605, down 47.6 points and recovering from the low of 97.460 with the high at 98.045. Of course, all this happened already, while we slept, before 5 am pst, the Comex open, the London close, and after 2 days of spike trades occurring in all US treasuries.

      Gold’s price under the Venezuelan Bolivar is still being sent lower with the trade at 15,951.04 Bolivar showing a loss of 239.70 over the weekend with Silver at 167.790 Bolivar, taking away another 3.396 in value. Argentina’s Peso has Gold’s value pegged at 99,227.88 showing a reduction of 1,365.08 Peso’s with Silver at 1,043.70 Peso’s as the currency took away another 19.90 A-Pesos off of Friday’s price. The Turkish Lira’s price for Gold now sits at 9,954.15 showing a 123.57 T-Lira takeaway from Friday with Silver also losing 1.85 T-Lira with today’s price pegged at 104.710. With the emerging markets still sinking the precious metals, one may wonder if we’re finally going to see the primary currencies rally the precious metals now like they did under these 3 currencies a few years ago? The “Sit tight and be right” mindset may all of a sudden have a much bigger meaning under the US Dollar.

      March Silver’s Delivery Count now sits at 1,104 fully paid for 5,000-ounce contracts waiting for receipts and with the Volume at 305 up on the board with a trading range between $16.975 and $16.390 with the last price at $16.74. Our starting count for the month in deliveries totals 5,520,000 Ounces of Silver standing the chance of being removed somewhere in between the real and the fake (real honest to God Comex take-out at the delivery window or the EFP’s going to London). Silver’s Overall Open Interest fell by 17,329 Overnighters from Friday mornings quote with the count now at 201,349 Obligations showing a huge removal as we witnessed a panic during last week’s beatings. The loss in Silver’s Open Interest count from Tuesday’s Option Expiration Day to Friday’s tally was 44,729 Overnighters, one of the biggest drops I’ve witnessed in a very short period of time.

      March Gold’s Delivery Count stands at 252 fully paid for 100 Ounce Contracts and with a Volume of 431 up on the board this morning with a trading range between $1,608.30 and $1,574.30 with the last Buy/Sell 5-lot at $1,601.00. Gold’s Overall Open Interest is now calculated at 701,001 Overnighters proving a reduction of 28,812 Obligations leaving the impression that only the Longs excited both precious metals on Friday. Btw, “leaving the impression” has many meanings and not necessarily just a “Long” exit. Keeping Watch!

The Organization for Economic Co-operation and Development has sounded its alarm of concern after the US Treasuries started reversing slowly at first, then all of a sudden (Friday and today) as the Chinese import/export calamity starts to affect the global growth of the world’s economies. Then Goldman Sachs makes its statement claiming the possibility of 2 rate cuts in the next 2 weeks, with the expectations that a “coordinated” central bankers print-a-palooza may have to happen in order to keep things steady (but for who?).

      We’ve prepared to stay in place, hopefully you are too. That also means staying in our positions as well even though last weeks fight against the price proved even more so that the manipulations are real and are failing. The outcome of all of this will be a real price discovery in all things under fiat. So, keep the attitudes positive no matter what, have a smile on your face and a prayer in your heart, and as always …

Stay Strong!

J. Johnson

Posted by & filed under General Editorial.

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www.georgesellas.com

What is it that we’re seeing here in plain sight yet obstructed by separating storylines with misdirection’s popping up everywhere? Is it possible that “Quantitative Easing” has been hidden behind the term “Repo Market” yet, ultimately benefitting the same players with this newly printed cash being used to bury the bodies, like those of Deutsche Bank and HSBC? Both of these entities are reducing employment and exiting markets after taking hard hits in their ROI’s and yet, the markets keep rising.

Deutsche Bank is quoted as saying they are shedding “… $100 billion in assets, and taking a massive $7.3 billion hit … part of a major overhaul” with the other central banker’s problem child, HSBC admitting “…Around 30% of our capital is currently allocated to businesses that are delivering returns below their cost of equity, largely in global banking and markets in Europe and the U.S.,”

     These two banks are not getting healthier at all, in fact, they seem to be dying a slow death and their declines should be hurting other major institution’s as well. The point maybe that western central bankers and friends, control (almost all) derivatives and in size. These deciders of print have the right to bail out whoever they want and when they want. They literally have a wide selection of problems to choose from when more cash is needed and yet, no one can find any report of these newly created debt instruments ever being paid off. These same Repurchasing Agreements just keep getting bigger and bigger and bigger (Just like QE … until?).  

     We in essence, have a self-assigned organization called the “International Swaps and Derivatives Association” made up of central bankers, with others, associated by trades, and agreements, created to protect and support these over-leveraged sovereign debt assets “by any means possible”. The ISDA committees are the same ones that decide when it can bail itself out, and who else survives by throwing this hot money wherever its needed. They are the “tool” that must declare a default or there is no default – no matter what occurs!

     The idea of hiding this new QE title by calling it a Repo is doing what it was intended to do, hide the events in plain sight. The expectations of QE to Infinity will proceed, as a Repurchasing Agreements of Infinite Print! That is, until something not calculated by the algos surfaces, and with consequences …

Got Silver and Gold?

Stay Strong!

J. Johnson

Posted by & filed under General Editorial.

Great and Wonderful Tuesday Morning Folks,

      Gold is in the green in the early morning with the April trade at $1,589.80, up only $3.40 after reaching $1,592.40 before “the calm” was put into place with the low at $1,581.80. Silver is up as well with the March contract at $17.845, up 11.1 cents after hitting $17.895 with the low at $17.670. The US Dollar’s rate continues to move higher with the value pegged at 99.135 up 13.2 points and right by the high at 99.160 with the low down at 99.030. Of course, all of this happened already while we slept, before 5 am pst, the Comex open, the London close, and after Japan (or the US?) allowed the passengers on the Diamond Princess cruise ship to go free a day before their incubation period ended

      The Emerging Markets Currency Watch continues to show the value of currencies failing as the precious metals rise with Venezuela’s Bolivar holding Gold’s value at 15,878.13 providing the holder an additional 55.93 in Bolivar value with Silver adding another 0.749 with its price now at 178.227 Bolivar. Argentina’s Peso has Gold valued at 97,767.33 it too adding more to yesterdays price to the tune of 521.24 Peso’s with Silver at 1,096.83 Peso’s popping in an additional 6.06. The Turkish Lira’s value for Gold now sits at 9,649.74 showing a 66.51 T-Lira increase in value with Silver increasing by 0.816 of a Lira with the price at 108.314.

      February Silver’s Delivery requests have stagnated with no trades or swaps done since last Thursday leaving that lonely number 1 up on the board and with no Volume. So, how come it’s taking Comex so long to settle this one lot order that’s been out there since last Thursday? Can’t be because they don’t have any Silver can it? After all, a certain element supposedly has a bunch of Silver sitting in its folds, unconfirmed by any outside auditing source and with that famous disclaimer at the bottom of the COMEX inventory count that says ““The information in this report is taken from sources believed to be reliable; however, the Commodity Exchange, Inc. disclaims all liability whatsoever with regard to its accuracy or completeness. This report is produced for information purposes only” and since, June 3, 2013. Their post should also include; “this information, in no way should be used for trading purposes, it is only for entertainment.” Silver’s Overall Open Interest sits at 231,131 Obligations, virtually unchanged from yesterday even though the Commodities did trade during most of the holiday, showing how the rest of the world moves money around while our numbers are artificially “stayed in place”.

      February Gold’s Delivery Demands are also stuck at 699 fully paid for contracts with this morning’s Volume at 72 when yesterday’s “holiday” Volume was at 27, helping to proving once again the holes in the Comex accounting procedures. If all this activity is traceable within the computerized systems, the updates should show up as they occur, so why are the deliveries, swaps, buys/sells, not posted even if there was a federal holiday? Yesterday’s “Delivery” low just so happens to be same price as today at $1,579.80 with a new high at $1,588.30 as the purchasing carries on with the last trade at $1,586.10. Comex Gold’s Open Interest is also unchanged from yesterday’s numbers with the count at 687,921. At the very least, the Comex is consistent in “not reporting”. Billions of dollars trade in the precious metals with people going against the computer algos, so this updated information, inside these computer-generated trades, is imo, intentionally not being posted for a reason.

      Yesterday’s “later in the day” reports on the Diamond Princess Cruise ship was quite unsettling. The last confirmed tally before my write up brought the infected count to 355. After our post, Japan gave out another infection count totaling 542 showing the acceleration as we watched the passengers leave the petri dish. Admittedly, I do not have the knowledge to say this is right or wrong, but the infections acceleration in body count, makes me wonder wtf is going on? Within an 8-day period, we watched the infection count go from 135 to 542 more than quadrupling last week’s Monday tally. We have to allow those who have the knowledge, to make the right decisions based on what is known, so we have to trust “those on the ground” with making good decisions. Bringing back our people to be sequestered here instead of an encapsulated cruise ship, imo, may not be a good idea at all. Alas, our American brothers and sisters are home, to be cared for by our specialists. I hope these people know what they are doing, because I sure don’t understand who/what/why this was done?

     Things are changing daily, and with that, my posts are being brought into the paid for side. I hope you have gleaned value from my missives. There will be more information brought in as we move forward in the ever-changing world of precious metals and the declines in all fiat. So, keep that smile on your face and a prayer for all in the heart, and as always…

Stay Strong!

J. Johnson

Posted by & filed under General Editorial.

Great and Wonderful Monday Morning Folks,

      Gold is starting the week off in the red with April Gold at $1,584.20, down $2.20 after hardly dipping down to $1,581.80, with the “hardly a high” at $1,586.80. Silver is aiming at the opposite direction, trading in the green with the March contract at $17.77 up 3.6 cents with its high at $17.865 and the low at $17.670. Even our Dollar is in holiday trade mode with the trade held at 99.035, up 3.2 points and close to the high at 99.045 with the low at 98.935. Of course all of this happened already, before 5 am pst, the Comex open, the London close, and after Bloomberg suggested Hillary as a VP runner on the Democratic ticket, which was immediately met with State Farm Cancels Bloomberg’s Life Insurance After Hillary’s VP Announcement. PS, before you send in your rhetorical emails, read the whole thing.

      Even the Emerging Market Currencies are showing the trouble the shorts are in. In Venezuela, their currency now has Gold price at 15,822.20 Bolivar, giving those that bought already a 46.94 gain with Silver at 177.478, showing a gain of 0.899 Bolivar. In Argentina, their Peso price for Gold now sits at 97,246.09 popping in an additional 400.065 A-Peso’s since our Friday report with Silver at 1,090.77 Peso’s showing an additional gain of 6.78. Over in Turkey, Gold’s price is now trading at 9,583.23, showing a gain of 9.26 T-Lira with Silver gaining 0.338 of a Lira with the last trade at 107.498.

      February Silver’s Delivery Demands have not budged since last Thursday with the Open Interest still stuck at 1 and with zero Volume once again up on the board. The Overall Open Interest, however, jumped by 5,406 controlling contracts, proving the shorts are up against the trade bringing the total to 231,131 Overnighters during Friday’s 11+ cent rally. This proves to us the idea of how stuck the shorts are with the count only 13,065 contracts away from making a new all-time paper high. As long as the price is used as a measure and not the papers behind it, people who watch the financial news services will believe things are static, while we (and the DOJ?) watch the movements behind the price.

      February Gold’s Delivery Demands is doing just the opposite of Silver’s with the Demand Count now at 699 fully paid for contracts, proving a reduction of 27 receipts from Friday’s quote and with a Volume of 10 posted up on the board with a trading range between $1,580.00 and $1,579.80, with the last trade at the high. As a side note here, February Deliveries for Gold is a primary delivery month, unlike Silver (March is Ag’s pdm). Gold’s Overall Open Interest gained 13,657 more short contracts on Friday’s gains proving the Overall Count to be at 687,921 Obligations, bringing the score closer to making another HSBC all time “paper contract” high once it passes 798,541 Overnighters.

      It seems Hong Kong is having a “Just In Time” supply issue as basic needs are becoming harder and harder to find with one instance showing a truckload of toilet paper being stolen right off the truck. The entire JIT system is proving to be an issue, and now for all nations, because China is pretty much in a complete shutdown with over 80 cities locked up one way or another. Yesterday’s NYP pointed out a very scary issue with the Diamond Princess cruise ship infection count reaching up to 355 souls. So, from last Monday’s Petri dish thesis to now, the count increased by 220 (above the starting point at 135), more than doubling the count in under a weeks’ time. We feel that this Wednesday release date given by the Japan’s authorities, will be extended, maybe up to and beyond the 24 days China has imposed. Now we see a Supposed 760 million (+/-) people in China are under some type of restriction, and with no real trustworthy data coming from the nation as their system of population control, may prove to be under a complete change, that is if they don’t start immediately saving the lives of their minions.

      We have prepared by becoming our very own warehouse since JIT is failing. We have accumulated over 6 months of foods that we eat normally, in addition all types of hygiene products, along with an additional “bleach in a spray bottle” to squirt down any incoming packages coming from anywhere, and the medicines we need to sit tight for up to a year. Also of note, inside our own personal petri dish, we have not received any of our purchases from China in over 1-1/2 months, that won’t bother us too much since it’s only fishing equipment. I even asked our mail carrier if she knew if packages from China were being shuttered. She said her orders haven’t even shown up either, and it seemed to me she was not telling me all she knew too (they must have discussed this at higher levels). We hope there is a solution, yet we feel it best to be overprepared.

      Keep the attitudes positive, because it really does keep sickness away. Have a smile on your face for all you see, and a prayer in the heart for those infected. Now is not the time to blame, now is the time to prepare and to stay away from traveling and the crowds, until we’re given the “All Clear”. Enjoy President’s Day, and as always …

Stay Strong!

J. Johnson

Posted by & filed under General Editorial.

Great and Wonderful Friday Morning Folks,

      Gold is barely trading higher than it’s close with the price at $1,579.50 up 70 cents and inside a $5 trading range between $1,581.20 and $1,576.00. Silver is leading the rally (barely) with its trade at $17.68 up 6.1 cents after hitting $17.69 with the low at $17.595. The US Dollar finally broke thru and is now at 99.02 up 6.2 points after it reached up to 99.045 with the low at 98.950. Of course, all of this “hardly a trade” happened before 5 am pst, the Comex open, the London close, and after Harvard and Yale, are put under investigation, for not reporting their incoming foreign funds as we wonder what that money was truly sponsoring? Did they too, think she could not lose?

      Gold under the Venezuelan Bolivar is now priced at 15,775.26 proving an increase of 23.97 Bolivar with Silver at 176.579, it too gaining 0.749 of a Bolivar. In Argentina, Gold values sits at 96,845.44 Peso’s proving a gain of 382.90 overnight with Silver adding 7.25 to its value at 1,083.99 A-Peso’s. The Turkish Lira, which we feel is more closely tied to the Euro because of its proximity to that monster print machine, now has Gold valued at 9,573.97 Lira adding 19.27 with Silver at 107.160 it too, adding another 0.499 of a T-Lira.

     February Silver Delivery Demands has dropped from a 10 count to 1 during yesterday’s trades and with no price to offer what so ever, and even after a Volume of 3 was posted up on the board at the end of the trading day. Spread entry or exit, who really knows, with the exception of those that feel bad math is good for investing. The numbers behind the price is proving far more of the problem for the shorts than anything else. In fact, the Open Interest gained another 1,914 more shorts while the price went up 12.2 cents with the total count now at 225,725 Overnighters. The count is still highly elevated and only 18,471 pieces of paper off the all-time Brexit/Trump/Win high.

      February Gold’s Delivery Count now sits at 726 fully paid for contracts waiting for their 100-ounce receipts proving a drop of 150 obligations inside a trading range between $1,574.10 and $1,570.20 with the closing price adjusted higher at $1,575.10. Even though we like the higher close, this still points to the idea that the paper controls the price and not the real purchases. Gold’s Overall Open Interest now sits at 674,264 Overnighters showing an increase of 17,365 more shorts being added, proving our point, that if there really was a limit to how many contracts, in total can be used verses an outside, audited, and confirmed warehoused numbers, prices would be different than they are now, and more than likely, sharply higher. Gold’s Open interest is off the top by 124,277 Obligations.

      Our Petri Dish observation of the infected passengers sequestered on the cruise ship in Yokohama, Japan, has continued to rise. 44 more cases of the illness have been added since the last count bringing the total to 218. The affect of this event has caused the cruise line to cancels 18 future cruises because 30 countries and territories now have the virus and with the way people are stuck in place, most likely future passengers will cancel their plans and simply stay at home. There should be more cancelations coming if this spread continues. Also, of note and inside this report, Sydney, Australia, now has an infected ship to deal with, bringing the infected ship count to 5.

Vietnam is now following China’s lead as “villages” (plural) with 10,000 people or more, close to the nation’s capital, were placed under quarantine on Thursday after six cases of the deadly coronavirus were discovered there. It seems the virus is not slowing down one bit, instead, we see the spread gaining traction. It is truly unfortunate that governments can never be truthful about anything, it would really help here. We expect next week’s “end of the quarantine” which is scheduled for the 19th, to be extended until there really is a count drop.

      We pray to be wrong here, horribly wrong! At the same time, we are not taking things lightly. If the spread does not drop it will increase and with it, more and more travel, shipping, and international trade will be affected, period! What you have is what you are stuck with, we strongly suggest stocking up on things you will need, in order to stay in place. Please offer up a kind thought or prayer to all infected. Have a Happy Valentine’s Day, a wonderful weekend, and a good President’s Day on Monday, keep that smile on your face, and a positive thought in the head no matter what, and as always …

Stay Strong!

Jeremiah Johnson

JeremiahJohnson@cableone.net

Posted by & filed under General Editorial.

Great and Wonderful Thursday Morning Folks,

      Gold is higher in the early morning trade; in fact, it made a new high for the week with the trade at $1,577.10 up $5.50 after reaching $1,581.10 with the low at $1,568.50. Silver is higher as well, yet never allowed to do much more than trade slightly higher, with the price at $17.605 up 10.8 cents after reaching $17.665 with the low at $17.440. The US Dollar keeps being rallied during the day sessions and is now valued at 98.890 down 0.032 points after hitting 98.945 with the low at 98.745. With all the Repo printing going on with the dollar pricings going higher, one would think the Fed Res is signaling us that when this game of print is stopped, so will this fiat rally. All of this of course has happened already, before 5 am pst, the Comex open, the London close, and after a gallop poll claims the Democrats worst nightmare (which they’ve chosen to ignore all this time), that a majority of Americans are saying they’re better off now than in the past elections. My message to the party is, don’t stop spreading your ideas of love for higher taxes and more control over everything. I really think it’s catching on .

      Our emerging markets currency watch is flat to higher in the overnight. In Venezuela, Gold is now priced at 15,751.29 Bolivar, adding back 81.9 with Silver now trading at 175.830 completely unchanged from yesterday. In Argentina, Gold is now valued at 96,462.54 Peso’s proving a gain of 722.08 in the overnight with Silver at 1,076.75 Peso’s regaining 2.14. In Turkey, the Lira has Gold pegged at 9,554.70 providing the holder a gain of 74.11 T-Lira’s with Silver up 0.306 of a Lira at 106.661.

      The February Silver Deliveries doubled in demand during yesterday’s activity with the count now at 10 and with a 1 lot Volume up on the board with another one of those “no price trades” so far today. Silver’s Overall Open Interest is now at 223,811 Overnighters, proving a gain of 1,828 more shorts in order to stay the price, yet barely able to keep the money of the people down 10 cents. The early morning Volume in the March contract is still super low at 25,536 with the OI at 119,613 with a reminder that the March options are coming off the board in 12 more days.

      February Gold’s Delivery Demands now has a post of 876 up on the board and (unlike Silver) it has a trading range for its Volume of 27 between $1,574.10 and $1,570.20 with the last buy/sell at $1,573.40. This proves 102 demands for physicals got a receipt from somewhere, if you’ve been reading me for a while you know no one has any idea what the receipts really mean. In short, your guess is as good as mine. Gold’s Overall Open Interest is now at 656,899 Overnighters showing a “short” exit of 1,057 pieces of paper since yesterday’s early morning count.

      While we wait for more data regarding the airborne Coronavirus, China continues to clamp down hard on the people of Wuhan and it’s mid-level party members controlling the providence; Sudden Militarization Of Wuhan’s P4 Lab Raises New Questions About The Origin Of The Deadly Covid-19 Virus. Inside this report they claim senior Chinese officials were ‘removed’ for “dereliction of duty”. As the media continues to tell us what the officials are saying and doing, other audio is coming out from below giving more details on who/what/why, things have gotten out of control. Like we’ve mentioned in the past, the truth is somewhere in the middle. It may be best to be more concerned now than not, as their idea of telling people to stay in place and away from gatherings, might be a good idea for concerned individuals. Remember, panic does no one any good, remaining calm and using logic helps everyone, including the panicked.

     The markets for now are totally ignoring the idea of a “ Global Just In Time Inventory Challenge”. That may be because the algos are built to remove this natural human emotion, of people moving money around to protect their retirements when events like this occur. That can only be temporary until products are no longer found on the shelves. Until then we wait, being positive no matter what, with a smile on our face, and a prayer for all. Make it a great day no matter what, and as always …

Stay Strong!

J. Johnson

Posted by & filed under General Editorial.

Great and Wonderful Wednesday Morning Folks,

       Gold is not being allowed to rise with the trade at $1,568.90 down $1.20 after hitting a low at $1,564.40 with a high to beat at $1,571.80. Silver is also not allowed to rally and is trading at $17.605 down 7.2 cents yet recovering from a middle of the night low at $17.525 with the high to beat not that far away at $17.650. The US Dollar continues its stratospheric rise with its value pegged at 98.635, up 4.1 points after being pushed up to 98.725 with the low at 98.580. All of this happened already, before 5 am pst, the Comex open, the London close, and after Bill Holter posted last night’s finale “and so it begins”.

      The Emerging Markets Currency Watch should really be showing us some things in the very near future but for now we see the Venezuelan Currency holding Gold’s value at 15,669.39 Bolivar taking another 42.95 away from the price with Silver at 175.830 Bolivar showing another 1.049 in value being removed. In Argentina, the Peso’s price for Gold is now gauged at 95,740.46, proving how strong the push lower is, this time around, with Silver doing the same taking away 3.93 A-Pesos with the price at 1,074.61. In Turkey, Gold’s value is now pegged at 9,480.59 proving a reduction of 7.32 Lira with Silver losing 0.440 with its price now at 106.355 T-Lira.

      February Silver’s Delivery Demands is proving an increase in purchases with the Demand Count now at 5 posted up on the board with no trades done so far since the ICE reopened. This proves an increase of 4 more additional buy orders after a Volume of 7 was posted on the board yesterday that had a trading range between $17.715 and $17.695 with the Comex paper contracts forcing the delivery price to close sharply lower (than any real purchases) at $17.573. A nice and fair close, in the eyes of the commissioned regulators, as we wait to see what the DOJ’s criminal element oversight committee tells us what they think. The Overall Open Interest in Silver still remains elevated but is showing a reduction in count of 1,986 Overnighters leaving the total at 221,983 Obligations and after the entire day of trade only showed a Volume of 67,395 inside the March contracts end of trade quote. As of this morning, and during the ICE session, March Silver’s Volume is at 33,681 showing how low yesterday’s activity was compared to right now. James Mc from LeMetroPoleCafé has shown us over the years that these Volumes have exceeded the Open Interest many many times, as we slowly watch this part of the equation slow to a crawl. This should be considered a “tell” for our future price moves.

      February Gold’s Delivery Demands now offers a count of 978 fully paid for contracts waiting for receipts proving a reduction of 605 contracts that either got receipts here, in London, or was an entry or exit of some sort of spread trade. Who the hell knows what’s going on with these Crap Numbers that Comex gives? This morning’s Volume inside the delivery contract has a post of 17 and with a trading range between $1,565.20 and $1,561.00 with the last purchase at $1,564.20. Gold’s Overall Open Interest now sits at 657,956 Overnighters proving the reduction of 827 paper contracts. 

      And So It Begins, Force Majeure is being applied to the manufacturing sector and to the buyers of commodities over in China. The reason of course, is this Coronavirus, that is being investigated as a manmade concoction, with Harvard Professor Charles Lieber under arrest. What Is Force Majeure? “Force majeure refers to a clause that is included in contracts to remove liability for natural and unavoidable catastrophes that interrupt the expected course of events and restrict participants from fulfilling obligations”. You can obtain more understanding here.

      What we wonder about most is the timeline of events outside the Virus Infection/Death rate, and its spread, which is rumored to have started very early in December and the way HSBC (Hongkong and Shanghai Banking Corporation) came in and added all those additional short contracts in Gold, that flooded the Comex just before the outbreak occurred. GATA confidant Dave Kranzler from Investment Research Dynamics wrote about the issue last November. Timing is everything and the word “coincidence” is sickening to investors, especially when many of us say and think, “there are no coincidences.” The Diamond Princess Cruise Ship is proving an infection count of 174 showing an increase of 39 in count as the NYP plays with the number of people onboard (3,700 from 2,500??). Let us also recall the incubation guessing’s that increased from 2, to 6, to 14, to 24, over the past few weeks, helping to prove the news is still not the news and we are not getting trustworthy data, unless the governments and their mouthpieces are learning the curve as we do.

      It’s hard to remain positive in this environment, but it is healthy to do so, and it makes the smile on our face easy to keep. So, please stay positive and know, that “Chance Prefers The Prepared”, in all things, as we wait for more cancellations via Forced Majeure and the eventual removal of the manipulated shorts from Comex, as always …

Stay Strong!

J. Johnson