Posts Categorized: General Editorial

Posted by & filed under General Editorial.

Great and Wonderful Monday Morning Folks,

      Gold started the Sunday session in the positive, now that’s not the case because of the London Bop with Gold at $1,974, down 90 cents after reaching as low as $1,964.30 with the high to beat at $1,985.80. Silver is staying strong with the trade up 45.5 cents at $28.245 after the low was made at $27.79 with the high to beat at $28.465. The US Dollar’s value is now pegged at 92.23, down 14.9 points in between a high at 92.49 and the 92.135 low. Of course, all this happened before 5 am pst, the Comex open, the London close, and after a weekend of media induced hype trying to stir attention away from future Federal Reserve appointee Judy Shelton, after the Fed did it’s hole-thing, and after Judy posted this on her Twitter Feed last night.

      We see nothing but positive in our precious metals verses all fiats, with the Venezuelan Bolivar adding 49.94 more value to Gold’s price with the last quote at 19,715.33, with Silver’s price now pegged at 282.097 Bolivar, it too gaining 4.145. Argentina’s Peso price for Gold is now at 145,951.39 providing a gain of 439.43 A-Peso’s with Silver gaining 32.04 with the last quote at 2,088.69 Peso’s. Turkey’s Lira price for Gold is now at 14,508.44 giving the holder an additional 119.96 Lira’s per ounce with Silver gaining another 4.286 T-Lira with the last price at 28.245.

      Today is First Notice Day for the September Deliveries with the starting count for Silver at 10,548. These positions now require 100% margin for those that need product in size with this morning’s Volume at 346 and with a trading range between $28.27 and $27.72 with the last buy at $28.115, up 50.5 cents. Silver’s Overall Open Interest continues to prove the unwillingness to stay short as another 1,792 positions jumped the sinking ship leaving 168,619 Overnighters to go against the physicals. After all, 10,548 contracts only stand for 52,740,000-ounces of the real stuff. That shouldn’t be too bothersome for the Comex with their additional smelters, should it?

      September Gold’s Delivery requests now has a post of 3,070 fully paid for 100-ounce contracts that now have the required 100% margin with a trading range between $1,970 and 1,953.30 with the last swap at 1,960.70 down $3.90 and with a Volume of 20 already up on the board. The shorts in Gold are still floundering around with the count losing 684 positions over the weekend, leaving 548,384 Overnighters to trade against the physicals as we wait for more cash to be printed and more articles to be posted by Judy as the Federal Reserve attempts to keep her away from their data, and the microphone. Will these deliveries cause another price quiver at the Comex? Let us wait, because it shouldn’t take too long at all to see it again!

     The Ohio Police & Fire Pension Fund is now allocating an additional 5% of their cash to Gold, adding to their 20% holdings, and since last month’s new life of contract high, as we expect much higher prices in the future, as things unwind because of what China did, and what a certain party is doing by blaming the president instead of taking the responsibility and protecting those that abide by laws in their own areas they tax and govern.

      Also, up on the news board is the claim that more data is about to be released going into the faked Steele dossier story and those who intentionally leaked false data to the press, so they too can get in on the lie. It was mentioned in a Sunday Night interview with John Ratcliffe, the Director of National Intelligence; “When I become aware of intelligence community information that is disclosed unlawfully, I do what’s called a crimes report. I’ve done that now on a number of occasions, and so those investigations are moving forward.” The leaks were “for political purposes” to create what he said is a false narrative “that somehow Russia is a greater national security threat than China.”

      The new life of contract high in Gold means that things are starting to unwind again. Leaving Silver behind, helps prove that the great unwind has yet to be started, and the great reset may be just ahead. When we start to see new life of contract highs, in both precious metals, at the same time, maybe then, we’ll start to see some real fall-out caused by the printers who cannot do anything else but print and give to their friends, and lie to everyone else, with Judy Shelton being the biggest threat the printers have. So, keep things real, in hand, buy more physicals if you can, 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.

I warn you that politicians of both parties will oppose the restoration of gold, although they may outwardly seemingly favor it. Unless you are willing to surrender your children and your country to galloping inflation, war and slavery, then this cause demands your support. For if human liberty is to survive in America, we must win the battle to restore honest money.

Howard Buffett, 1948

Posted by & filed under General Editorial.

Great and Wonderful Thursday Morning Folks,

       Gold is trekking lower in the early morning with the December Contract at $1,949 down $3.50 and recovering from the low at $1,944.20 with the high to beat at $1,963.30. Silver is down 3.9 cents with the December Contract at $27.565 after hitting a low of $27.23 with the high to beat at $27.81. Our US Dollar is trading higher with the value pegged at 93.12, a gain of 12.4 points after recovering from a drop down at 92.775 with the high nearby at 93.15. Of course, all this happened already, before 5 am pst, the Comex open, the London close, and just before the Virtual FedBugs day in Jackson Hole, Wyoming. Knock, Knock, Knock, Gold is Money!

      Gold in Venezuela is now priced at 19,465.64, more than doubling yesterday’s drop, gaining 251.69 Bolivar with Silver’s trade at 275.305 Bolivar, adding 9.438, more the quadrupling yesterday’s pull. Argentina’s Peso now has Gold valued at 143,851.60 providing the holder a 1,958.12 A-Peso gain with Silver adding 70.98 A-Pesos overnight with the last trade at 2,034.54. Turkey’s Lira now prices Gold at 14,312.98 proving a gain, just under yesterday’s drop, of 149.47 T-Lira with Silver now at 202.323 T-Lira almost tripling yesterday’s pull by gaining 6.346 overnight.

      August Silver’s Deliver Demands now shows a post of 13 fully paid for 5,000-ounce contracts waiting for receipts, and with no Volume or Price to post so far today. Yesterday’s delivery activity happened in between $27.02 and $26.955, with a closing price above any trade made at $27.43, a gain of $1.175 caused by all the Futures paper. Yesterday’s activity involved 13 more swaps and reducing the delivery count by 3. Of note; today is the last day to buy an August receipt before the Comex close which forces the sellers to deliver that receipt before the next month’s start. Silver’s Overall Open Interest is now at 183,575 Overnighters proving a reduction of 4,861 short contracts during yesterday’s stellar rally, leaving many to wonder what will happen next week when September’s Deliveries start up in earnest?

      August Gold’s Delivery Demands are still proving many want physical now with the count at 167 fully paid for 100-ounce contracts waiting for receipts and with a Volume of 2 up on the board with No Price offered yet. The count proves yesterday’s trades added another 6 contracts with the days physical trading range between $1,950.80 and $1,909.70 with a calculated close at $1,940.70, proving a gain of $28.90. I watched the last trade occur at the high. Before that last purchase the previous buy was at $1,926.60. It makes me wonder if the last trade was a “buy at market” order? In the old days, when there where floor brokers and trading tickets, we used to always hear them say “Never Give New York a Market Order”, this was the reason for that statement back then, and maybe now as well. Apparently, we still can’t trust the NY algos. Yesterday’s rally may have been a surprise for the sellers after they started to reduce their short papers the previous day, as another 903 contracts had to be added in order to provide cover bringing the Overall Open Interest to 550,512 Overnighters going against the physicals.

      Yesterday was something to behold as we watched the prices rally instead of getting the normal beatdown we almost always see on Options Expiration Day. In Silver, the $1.17 gain in price caused another 2,870 Call options to go ITM, bringing the total “In The Money” Call count to 25,141 purchased Call Options that may have required a futures trade to offset the loses, at or just before the respective strike price was breeched. Yesterday’s September Count was at 44,084 contracts in trade with the Volume, way up there above double. Today’s September Count now sits at 29,818 contracts proving a reduction of 14,266 contracts overnight. This may mean more than half of theses Call Purchases required the Call option sellers, to purchase those additional futures contracts, in order to offset the loses they were achieving as the prices rallied as the month progressed. As these options got cleared, so did the Open Interest on the futures side. Many may still think, options don’t matter, but we think otherwise, since it is major part of the Comex money game.

      Here’s a continuing anomaly; remember that December Silver $50 Call I wrote about earlier this month, that was purchased at 4.5 cents in the beginning of the year? Well, back on August 7th, the high spike in futures occurred at $29.915 (Sept), that very same Call option closed that day at 62 cents ($3,100). On August 12th, the lowest price in the September trade happened at $23.58, that very same $50 Call option settled that day at 45 cents ($2,250). With September Silver’s price now at $27.29, in between the high and the low for the month, that same Call options is now priced at 16.5 cents ($825). Go figure! Let us simply say, there is something of interest still happening at the Comex, with our precious metals.

      Will it mean anything after the Fedbugs day in the spotlight? Let us wait, with our physicals in hand, and a positive thought in the head, and a prayer for all. 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 flat to lower with the December contract at $1,937.10, down $2.10 after the London low at $1,927.10 with the high to beat at $1,944.10. Silver is positive with December trade at $26.835, up 6.7 cents after its recovery from London’s low at $26.575 with the high to beat at $27.015. The US Dollar’s float now rests at 93.07, down 21.9 points after the centrals pushed its value up during Monday’s activity with today’s low at 93.02 and the high at 93.35. Of course, all this happened already before 5am pst, the Comex open, the London close, and after Chinese officials, Ambassador Lighthizer, and Secretary Mnuchin, talked again about the agreement that China made and reneged on many times already.

      Venezuela’s Bolivar now has Golds value at 19,346.79, showing a 208.74 Bolivar pullback with Silver’s trade at 268.015 Bolivar, taking back 2.746 from yesterday’s activities. Argentina’s Peso price for Gold is now at 142,698.22 showing a 1,388.55 A-Peso reduction with Silver at 1,976.99 A-Peso’s pulling back 17.89, which was far more than yesterday’s gains. The Turkish Lira’s price for Gold is now at 14,317.38 T-Lira’s showing a 126.83 pullback which is just over 25% of yesterday’s gains with Silver doing the same, pulling back about 25% with the last trade at 198.339 T-Lira’s.

      We’re getting down to the wire here in the August Deliveries with this mornings Demand Count at 14 and with a Volume of 2 up on the board with 2 prices posted, $26.785 and $26.70 with the last trade at the low, providing a gain of 11.2 cents so far today, even while the papers play the price lower. Yesterday’s delivery activity happened in between $26.78 and $26.695 with only 3 contracts swapping hands, and reducing the demand count by 2. The Overall Open Interest in Silver continues to lose its shorts as another 2,241 contracts jumped ship, leaving the overall count at 189,203 Overnighter’s still in trade, as we get closer and closer to the Jackson Hole gathering, the day after the September options expire. So far this month, we have 1,292 contracts delivered, which breaks down to 6,460,000 ounces of Silver. Not bad at all for a cereal month!

      August Gold’s Delivery Demand Count now sits at 138 fully paid for contracts with a Volume of 29 up on the board and a trading range between $1,928.50 and $1,920.90. Oops! Make that last trade at $1,915, down $12.70 as another single lot sell order came in reducing the price by another $5.90. Thank you, London! Yesterday’s delivery activity happened in between $1,940 and $1,922.20 with the last trade done at $1,923 with its calculated Comex close at $1,927.70 that had a total Volume of 85, reducing the delivery count by 72. Gold’s Overall Open Interest added more shorts, as another 1,768 Overnighters came in leaving a grand total of 552,334 contracts in trade. So far, for the month of August, 48,809 contracts got receipts, or said another way 4,880,900-ounces were taken out of Comex, one way or another.

Jackson Hole’s Virtual Reality is going to take over the entire week, so we will wait it out to see what is said. I’m hoping that Judy “Shelton” knocks on that Jackson Hole Fed door, like Sheldon does in the Bigger Bang Theory. That would be great; Knock Knock Knock “Gold is money”, Knock Knock Knock “Gold is money”, Knock Knock Knock “Gold is money”! Maybe that would get the point across. Enjoy your day, have a smile on your face and 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 Friday Morning Folks,

      20 minutes before I started writing, Gold began the London Dip to $1,932.70 with the trade now at $1,934.60, down $12 with the high to beat at $1,963.10. Silver is doing the London thing as well with its trade at $27.035, down 26.6 cents after hitting the nearby low at $27.01 with the high to beat at $27.75. The US Dollar, is still getting support with its value pegged at 93.17 up 39.2 points, recovering from yesterday’s 10.2-point drop, and after hitting the London high of 93.24 with the low we expect to eventually be blown out at 92.565. Of course, all this happened before 5 am pst, the Comex open, the London close, and after the Chicago Mayor Lightfoot, tells protestors they are welcome to peacefully burn, loot, and riot, in the city, where taxes are made and drawn, by businesses that are supposed to be protected by the defunded police, that are paid with tax dollars, but not allowed to riot, burn, or loot, on her own homes block. Oh Yeah! and its Trumps fault.

      Venezuela’s price for Gold now sits at 19,321.82 Bolivar, down 91.88 since yesterday with Silver price at 270.012 losing 2.197 Bolivars. Gold in Argentina is now valued at 142,143.31 Peso’s dropping 561.21 A-Peso’s with Silver price getting another 14.35 A-Peso shave with the trade at 1,986.55. Turkey’s Lira now has Gold’s value pegged at 13,958.50 showing another 322.54 T-Lira reduction with Silver’s price at 195.103 T-Lira, pulling back another 5.165.

       August Silver’s Delivery Demands now sit at 15 contracts and with a Volume of 22 already up on the board (Mr. Resolute, is that you?) and there’s a trading range to boot! Between $27.475 and $27.055 with the last swap at $27.125, up 3/10th’s of a penny so far while the London paper swing – does its thing. Yesterday’s Comex deliveries had zero trades but did have 4 contracts finally getting their receipts, reducing the count from 19. Silver’s Overall Open Interest continues to shave the shorts as another 916 pieces of paper exited the scene leaving 192,422 in Open Interest to go against the physicals.

      August Gold’s Delivery Demands now show 290 fully paid for contracts waiting for receipts and with a Volume of 25 up on the board with a trading range between $1,945 and $1,940, until the last London swap “hit the tape” at $1,908.90, now down $24.90, so far today. London’s pull has to be noted here! Just before these 2 sell trades hit the tape, the last Delivered Gold price was at $1,943.40. A positive price proving a gain of $9.40 before the 2 lot sell order hit and after the 23 contracts traded in the positive. The game London plays is taking away their marbles and in time, they will have no choice but to allow the markets to trade freely, in order to find the physicals. Gold’s shorts are continuing to drop out as well as another 892 pieces of paper left the playground leaving a total of 547,112 Overnighters still in play to go against the physicals.

Our Federal Reserve has now decided to go on the attack during the 2020 presidential campaign, many months after Trump nominated Judy Sheldon to chair one of the open spots on the “reserve”. Of note; whenever our beloved former Congressman Ron Paul brought up a US Silver and Gold backed currency (like we had before the Federal Reserve was created, 12/23/1913) during the many many of the televised hearings over the decades he was on the committee, we would see our socialist media services go to commercial, or pop in with a “just in news story” about a cow that crossed the road in an Amish village. We have witnessed the Fed game for too long to believe anything they say because they cannot compete against anyone who understands what came out of that middle of the night illegal act by Congress. IMO, now it appears the Federal Reserve “specialists” are fighting for their jobs (control), by any means possible, as we see the Sheldon nomination aiming to remove the Reserve and place the responsibilities back into the hands of the US Treasury, where it belongs!

       The present story is no different than Andrew Jackson’s, when he too was running for his second term when London’s own Nicholas Biddle, head of the Second Bank of the United States, did anything and everything possible to get Jackson out of office, including threatening to destroy the economy. G. Edward Griffin, who authored the book, The Creature From Jekyll Island, and was interviewed here on JSMineSet, last October, after the September Bond Event, helps clarify what happened back then and it is ironically the same now. After her nomination, Judy Sheldon was called a GoldBug. All she did was laugh hard after being labeled that, and said those that support the Federal Reserve are FedBugs. So now we have a great labeled clarification; FedBugs Vs. GoldBugs, and once again we’re in the fight for control of our countries money that has been taken away from the US Treasury. 

      History proves; Paper loses to Rock, Always! So, get as many precious metals rocks in hand and hold them close. We haven’t seen volatility like those in the emerging markets yet, but we will, and when that happens, you will be thankful to be well rocked. So have a great weekend, have a smile on your face and 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 Monday Morning Folks,

      The turns have become fast and furious in our precious metals arenas with Gold adding value with the trade at $1,962.20 up $12.40 and close to the high at $1,968.50 with the low at $1,939.10. Silver leads the volatility with its trade at $27.20 up 94.2 cents with its high so far at $27.305 with the low down at $26.10. The US Dollar is barely above another set of double zeros with the value pegged at 93.055 down 3 points yet recovering from the low at 92.88 with the high nearby at 93.115. Of course, all this happened before 5 am pst, the Comex open, the London close, and after reporter Millie Weaver and her husband were arrested by the deep state lackey’s just before her ShadowGate movie came out. This report is truly worthy of the 1 hour and 22 minutes of time to review.

      Gold in Venezuela now sits at 19,597.47 Bolivar, providing no pullback at all, and gaining 61.92 since Friday’s quote with Silver gaining 1.149 Bolivar with its price at 271.660. Argentina’s Peso price for Gold is now registered at 143,442.30 giving the holders an additional 585.11 Peso’s in value with Silver now priced at 1,988.24, upping the holders value by 10.34 A-Peso’s. The entire population in Turkey is now involved in a Bank Run and Gold Rush, with Gold’s trade now at 14,511.39 Lira’s providing the holder a 73.72 Lira gain with Silver up 1.24 T-Lira’s with the last trade at 201.160.

      August Silver’s Delivery Demands now sit at 19 fully paid for 5,000-ounce contracts and with a Volume of 12 already up on the board with a trading range between $26.795 and $26.57 with the last buy at $26.77, up 70.5 cents so far today and reducing the demand count by 3, and as the paper’s push the futures further in both directions. Friday’s full day of deliveries happened in between $27.685 and $25.905 with the last registered buy at $26.065, down $1.629 which registered a Volume of 17 swaps. Silver’s Overall Open Interest also fell by 2,591 contracts, leaving 193,452 Overnighters to go against the physicals.

      August Gold’s Delivery Demands gained 10 contracts during Friday’s trades with the count now at 623 fully paid for 100-ounce contracts and with a Volume of 3 up on the board with a $5.30 trading range between $1,954.90 and $1,949.60 with the last trade at the high, up $17.90 so far today. Friday’s completed trading day inside the delivery system happened in between $1,947.40 and $1,937.70 with the closing price at $1,937, down $19.70. Good job buying on the dip, Mr. Resolute! Gold’s Overall Open Interest lost another round of shorts as well, as 1,538 contracts left the field of play in order to get out of the way, leaving 542,380 short contracts to go against all buyers.

      Saturday had some antifa activity up in Sturgis, where the 80th Annual Motorcycle Rally occurred. What is not talked about much is that antifa was protected and escorted out, by the police they claim to hate, as the crowds all shouted them down. What antifa wanted didn’t happen, no violence from all those armed citizens at all. That must’ve completely pissed off the financial supporters of the fairytale group and has me laughing hard. Look at all those armed citizens being responsible and law abiding. I think the Democrats idea of removing guns from law abiding citizens and the NRA, are failing in epic fashion, what say you?

     Also of note, and not reported much because it proves America is not warring like it used to, is Trump has secured a historic deal between Israel and the United Arab Emirates, and immediately after, Joe Hiden claimed he and Obama helped but that story was shut down immediately! So here we are, at the beginning of the week, with precious metals recovering from the failures of the shorts to scare out the buyers, as debt instruments continue to stink up the centrals balance sheets and as the physical shortages in precious metals continue. So, keep the faith, have a prayer for all, and keep the attitudes positive no matter what, and you too will …

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,

      The Precious Metals are trading lower this morning, after another surprise hike in margins was applied, with Gold now at $1,956, down only $14.40 and recovering from the low at $1,945.30 with the high at $1,970. December Silver is trading at $27.085 down 84.4 cents and is recovering from the low at $26.59 with the high so far at $28.03. We’ll be quoting the December Contract from now on because the Open Interest blew past Septembers as the roll overs are occurring faster than normal. The US Dollar is still flat as can be with the trade at 93.19, down 12.7 points after hitting a low of 93.135 with the high at 93.41. Of course, all this happened before 5 am pst, the Comex open, the London close, and after the DOJ found out that Yale illegally and intentionally discriminated against Whites and Asians. What part of Equal Rights requires pigment?

      Even though the margins were raised at the Comex, the precious metals inside the emerging markets continue to trek higher as their currencies increase in quantity, not quality. In Venezuela, Gold is now priced at 19,535.55, showing an increase of 134.83 Bolivars with Silver gaining 5.393 with the current priced at 270.511 Bolivars. Argentina’s currency now has Gold’s value at 142,857.19 Peso’s providing the holder a 1,045.09 gain with Silver now priced at 1,977.90 A-Peso’s, popping in an additional 40.18 overnight. The Turkish Lira’s price for Gold now rests at 14,437.67, showing a gain of 188.58 Lira’s with Silver’s last trade adding 5.211 with the price at 199.920 T-Lira’s.

      August Silver’s Delivery Demands now shows a post of 22 fully paid for contracts waiting for receipts with a Volume of 12 already up on the board with a trading range between $27.685 and $27.205 with the last trade at $27.23, down 45.4 cents while the futures markets, attempt to pump and dump, the prices lower. Yesterday’s delivery activity happened in between $27.525 and $26.38 with the last purchase at $27.38 with the calculated close at $27.694, a gain of $1.739 that included a Volume of 30, reducing the previous days count by 85 contracts that supposedly got receipts somewhere. Silver’s Overall Open Interest lost another round of shorts as 1,289 contracts jumped ship during yesterday’s rally leaving a total of 196,043 Overnighters to go against the physicals. To me, the raising of the margins within 7 trading days, pumping up the Option values, and the adjustments in the delivery price close’s, are all proving to be markers of desperation at the Comex, as the physicals become harder and harder to find everywhere.

      August Gold’s Delivery Demands now shows 613 fully paid for contracts waiting for receipts and with a Volume of 53 up on the board with a trading range between $1,934.40 and $1,938.70 with the last trade at $1,941.90, down $14.80 so far today. Yesterday’s physical trades happened in between $1,957.40 and $1,916.90 with the last registered trade at $1,947 with the higher close at $1,956.70, providing a gain of $21.80 which also reduced the demand count by 251 contracts that got receipts. Adding more to the above paragraphs point, it seems the closing delivery prices are adjusted higher in order to make the next day’s dip look bigger, but if one simply focuses on the purchases and ignoring the closing prices, things really don’t seem to be moving as much as the papers. Gold’s Overall Open Interest is really showing the fear in deliveries as the count dropped 7,682 short contracts leaving 543,918 Overnighters going against a product in heavy demand.

      Things have already been interesting inside the Comex Precious Metals and it appears to be increasing. Comex already replaced those Time Outs (circuit breakers) with a percentage limit (in March, 2020), and that too was totally removed before it could be used. Now they are raising margins quickly, and we expect many more increases (and decreases to create the illusion) to come, as the margins eventually go to 100%. Basically, it’s a wide-open infestation of activity in order to find physicals at all costs to meet the demands. First, they have to reduce the investors count from profitting off the demands. Second, they have to get out of their shorts, and third, Comex is required to find product no matter what the price. It is the last place to get product and many are certain the Comex will default. Will they? Imo, nowhere near these prices, maybe 100’s or 1,000’s of percentage points from here. Reminder; Jim said in one of the weekly interviews, that he was surprised that the Hunt Brothers didn’t sue the Comex back at the Life of Contract High when they no longer allowed the buying of physical! He felt they had a big chance of winning. Will they attempt to do it again and if so, how will the Comex defend their actions when they claim to be physical deliverers of the last resort? How about those inside the governing bodies that support the system?

      Regardless of the future responses coming from Comex, sitting tight with physicals, trumps all the papers. So, keep things real and in hand, have a smile on your face and a prayer for all. Have a Great and Wonderful Weekend 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 Monday Morning Folks,

       Nothing starts a Monday off better than a strong-precious-metals move higher with December Gold at $2,038.70, up $10.70 after reaching $2,047.50 with the low at $2,018.90. Silver leads the percentages with the September trade at $28.31 up 77 cents after reaching up to $28.845 with the low down at $27.96. The Continually Overprinted US Dollar is still the lynch pin to it all with the trade at 93.64, up 22.8 points after Friday’s rally with the high at 93.685 with the low that will eventually be blown out at 93.28. Of course, all this happened before 5 am pst, the Comex open, the London close, and after Trump removed the Bickering Party’s say in the negotiations, when he signed the executive order giving the additional cash created by the US Treasury to Americans, in what one professor called “smart politics.” In short, Nancy, Chuckie, Schiff, and the Myth, got sidestepped, LOLOLOLOL!

       Gold’s value under the Venezuelan Bolivar is now priced at 20,361.52 Bolivar, showing a pullback of 271.66 since Friday with Silver gaining 5.642 Bolivar with the last trade at 288.089. Argentina’s currency now has Gold valued at 148,211.93, it too losing about 1,051.06 Peso’s since Friday with Silver doing the opposite with its trade at 2,097.02 A-Peso’s providing the holder a 42.76 rise in price. Turkey’s Lira is standing out all by itself (or is it Au’s price?) with Gold gaining 95.87 Lira’s with the last price at 14,923.25. Silver under the Lira also gained 7.885 T-Lira’s with the last quote at 211.191. Please get used to these price swings, they are expected in the primaries when the exchanges run out of what has already been extracted.

      August Silver Delivery Demands now sit at 174 fully paid for contracts and with a Volume of 4 already up on the board, with a trading range between $28.20 and $28.115 with the last buy at $28.13, up 59.7 cents. Friday’s full day of delivery trades occurred in between a high of $29.53 and the low at $27.525 with the last swap at $27.533, down 85.4 cents yet increasing the demand count by 19 contracts waiting for delivery. Thank you, Mr. Resolute! The shorts continue to pile on, and it does seem they are stressed, as the count increased by only 432 Overnighters, bringing this morning’s total Open Interest to 208,451.

      August Gold’s Delivery Count now sits at 4,590 fully paid for contracts with a trading range between $2,028.30 and $2,022.20 with the last swap at $2,024.40, up $14.30 so far today. Friday’s delivery trades occurred between $2,055 and $2,009.60 with the last buy at $2,010.10 ultimately losing $41.40 by the end of the day and as we witnessed a 532-count reduction as those who wanted receipts, finally got them, maybe. Gold’s Overall Open Interest continues to do the opposite of Silver’s as another 2,041 short contracts got out while they could, leaving 551,632 Overnighters still going against the physicals that the Resolutes are demanding.

      We’re getting into the “mail-in-ballot season” one party thinks will get them respect, with some discomforting news coming from the Customs and Border Protection (CBP) officers working at Chicago O’Hare International Airport having intercepted close to 20,000 counterfeit U.S. driver’s licenses shipped from China, and just ahead of the elections. I wonder who these new voters would be voting for? This event was totally ignored yesterday as Nancy said “China would prefer Joe Biden. Whether they do – that’s their [the IC’s] conclusion, that [China] would prefer Joe Biden.” I still remember 2015’s election run with those people that said “By Any Means Possible” which also meant illegally. What are they afraid of; more disclosures? Are they afraid of that Big Red Disclosure Button on the President’s desk that has been pushed many times already?

     I got a perfectly timed question, regarding the international currency paragraph that might be helpful for all interested, posted this Saturday;

     A query from CIGA Mike.

            Subject: Bolivar, A-Peso & Lira

      Jeremiah:

            I’m sure there is some significance for you posting the gold and silver equivalents of the Bolivar, A-Peso and Lira. However, since I don’t know what this is, I would appreciate (along with others, I’m sure) you explaining this at some point in a future post.

      I read your posts every day, and this is the only paragraph that has me somewhat stumped.

      Be well and stay safe,

      CIGA Mike

      Hello CIGA Mike,

            Thank you for reading and sharing your frustration. I have posted a few times how these currencies were once linked to the US Dollar, one to one, or in variations, before they revalued themselves from their original peg to the US$. I post the precious metals prices, under these already devalued currencies, so people are aware of the international changes in price, and by extension, hoping readers will get used to the price swings we may see in the future, and under our Dollar. In a way, it is preparing one for what may happen in the primary currencies once debt fails, causing the skyrocketing inflation these failed currency nations have lived thru already.

      Take a look at Wikipedia’s storyline of the Argentine Peso for instance, from 1992 to present. The Peso was tied to the Dollar 1 to 1. Now consider where Gold’s price is under that currency and how your purchasing power held, if one had Gold already in possession. What will the price of Gold be in the US when we see our currency value being revalued against the others like Argentina did a few years ago? This can’t be answered yet, but these currencies do give us a path in price projection.

      Admittedly, the little slipped in reminders I put in there, may not be enough. We’re involved in a currency issue, and most don’t want to know how fragile currencies really are. I was hoping this would help those who do not “currency”, learn by reading along to develop the understanding. “Currency” talk is a subject not spoken in kind by most. It is a lonely subject.

     How about this? When Jim and Bill talk about Gold going to $50,000, $80,000, or higher under the US Dollar, is there any form of proof those prices can be reached? All we need to do is look at what happened already in Argentina, and all of a sudden $80,000 is more than possible.

    I deeply appreciate your email, and I hope this helped.

    Keep the faith, smile, positive attitudes and your precious metals close, by any means legally possible! And as always ….

Stay Strong!

Jeremiah Johnson

JeremiahJohnson@cableone.net

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