Posts Categorized: General Editorial

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

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 were doing well until 9pm est, when the calm got applied all at once, with Gold now trading at $2,065.90, down $3.50 after hitting a low of $2,055.50 with the high up at $2,089.20. Silver of course, owns the sell side with the trade down 12 cents at $28.28, after reaching down to $27.935 with the high way up at $29.915. The US Dollar is going higher in anticipation of the Unemployment and Wholesale Trade Reports with the trade valued at 93.16, up 39.2 points and close to the high at 93.215 with the low to beat down at 92.74. Of course, all this happened already, before 5am pst, the Comex open, the London close, and after the “SEC Enforcement Co-Director Steven Peikin decided to leave the agency on August 14 in hurry up fashion (2 weeks notice), … during his tenure, the agency says over $13.5 billion in disgorgement and penalties was obtained by the agency.” This stolen money of course, will never be given back to those it was stolen from in the first place. What a racket!

      In Venezuela, Gold is now trading at 20,633.18, giving the holder a 4 Bolivar gain with Silver’s price at 282.447 Bolivar, providing a gain of 0.951. Argentina’s Peso now has Gold’s price at 150,062.99 Peso’s producing a 175.43 gain with Silver’s price at 2,054.26, giving the holder an additional 8.89 A-Peso gain. Over in Turkey, Gold’s price now sits at 14,827.38 Lira, proving a reduction of 140.77 with Silver losing 0.736 of a T-Lira with the last trade at 203.306.

      August Silver’s Delivery Demands now has a posting of 155 fully paid for contracts waiting for receipts and with a Volume of 8 up on the board with a trading range between $29.53 and $28.29 with the last swap at $28.325, down by 6.2 cents so far today. This proves a reduction of 8 in count after yesterday’s trades that had a total Volume of 76 hitting the board in between $28.85 and $27.535 with the settled price calculated at $28.387. The Overall Open Interest, one of our “tells”, continues to prove the power of the climb, as another 2,457 more short contracts had to be added or the prices would have increased even more than they did with the total count now at 208,019 Overnighters going against the physical Resolutes.

      August Gold’s Delivery Demands now shows a post of 5,122 fully paid for contracts and with a Volume of 216 already up on the board with an early morning trading range between $2,055 and $2,040.10 with the last swap at $2,045.90, down $5.60 so far today. This proves that 1,743 contracts got papers, somewhere between the Comex and London, during yesterday’s trades that had a Volume of 294 inside a trading range between $2,063 and $2,040 with the last buy at $2,058.30. Gold’s Overall Open Interest, which is all the paper that can legally be excused into the markets, shows a reduction of 1,375 pieces of paper leaving 553,673 short contracts going against the physicals.

      Europe is also suffering from the sudden shock of a bio weapon release with some European funds posting a stunning $835 Billion trading loss within the first half of 2020. Over here, we see Freddie Mac warning us that as much as a 40% drop in Multi-family loan originations is possible in 2020 compared with 2019. None of this points to a recovery, it seems to be suggesting a continuation of trend.

      First and Foremost; this is not trading advice! It is a simple observation, in time value inflation, which in turn, either points to a real fear out there, or that time value is about to be reduced hard and fast. I am using last nights numbers for this inflated example;

September Silver closed at $28.40 up $1.51

September Comex Silver Call Options; $26 Calls closed at $3.121

   $27 Calls closed at $2.501

                                 $28 Calls closed at $1.990

      Let’s do some math; The $26 Calls are “In The Money” $2.40 (Strike Price – Closing Price). The difference between the “In The Money” (ITM) value and the “Closing Price” is what is called “Time Value” (TV), that equals 72.1 cents with every penny in Silver worth $50, which equals $3,605 in this example and for the next 19 days before these options expire.

$27 Calls closed at $2.501; $2.501 – $1.40 (ITM) = $1.101 or $5,505 of Time Value (and for the next 20 days)

$28 Calls closed at $1.990; $1.99 – 40 cents(ITM) = $1.59 or $7,950 of Time Value (and for the next 20 days)

      These examples are not the only ones, in fact, this increased Time Value insanity goes way out across all months offered. Also, of note the deeper the Calls are In The Money, the less Time Value there is. These Option sellers offer the Calls to the buyers at much higher prices, this is how they keep from “melting up” the losses, as the prices rise. If the Comex price rises $1, the sellers of the Calls, may only lose 80 cents, as time goes by, and the prices rise, eventually the Calls become pure In The Money Valued as the Time Value slowly erodes to zero.

       Buying cheap options used to be a thing, and now, no more. An example of a formerly cheap option is a December Silver $50 Call that was purchased for 4.5 cents ($225 for almost a years’ time) which was bought towards the first of the year before that dip to $11. That option closed at 65 cents yesterday and it’s $21.60 away from the Comex price and 110 days away from expiring. Of note, we have a new option strike price I haven’t seen since 2011, a December Silver $70 Call, which closed at 20.2 cents, yes that means $1,010 US$. This possibly means someone believes the price will exceed the 1980 price like Gold did in 2011, could this be another “tell”? In short, everything has changed, even the margins were raised a few weeks ago, and I think it may be possible to see a 100% margin at the Comex. That is, if things get real crazy. The reasons will only be found out in time, but from now on, it appears one will have to pay up in order to get in any trade regarding Silver and by natural extension, the money of countries and kings; Gold.

     Let the insanity show that the changes in attitudes, towards the claimed relics of the barbarians, are now being sought by those who consider themselves more civilized (debt holders). Have a great weekend, keep your metals close, have a song in the heart, and as always ….

Stay Long!

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,

      Gold is trading higher, but no where near the opening rally, with the trade at $1,986.40, up 50 cents after hitting another N-LoCH (New Life of Contract High) at $2,009.50 with the low nearby at $1,982. Silver is still leading the rally, after hitting the early-trade-high at $25.275, with the price right now at $24.37, up 15.4 cents after being knocked down to $24.16. The US Dollar is getting that overseas support, even while we are printing it (to cause that eventual drop), with the current value pegged at 93.725, up 40.4 points and close to the high at 93.815 with the low down at 93.295. Of course, all this happened before 5 am pst, the Comex open, the London close, and after a weekend of no news by the Leftist Media who chose to ignore all the Court Docs alleging Bill Clinton visited Epstein Island. Maybe this explains why fewer and fewer are getting the news from the media.

      In Venezuela, Gold is now priced at 19,839.17 Bolivar, pulling back 54.93 from Friday’s quote with Silver at 243.395, it too getting a 1.049 Bolivar pullback. Argentina’s currency is now pricing Gold at 143,642.95 dropping 170.70 Peso’s with Silver losing 4.91 with the last trade at 1,762.27 A-Peso’s. The Turkish Lira’s price for Gold last traded at 13,871.83 Lira, dropping 14.28 from Friday’s value with Silver losing 0.416 of a T-Lira with the price now at 170.190.

      August Silver’s Delivery Demands now has a post of 914 fully paid for contracts up on the board, unchanged from Friday’s count, waiting for receipts and with a Volume of 1 and with no price attached to it. Friday’s delivery activities happened in between $24.385 and $23.565 with the last buy at $24.189 up 84.9 cents with a Volume of 220 (swaps) that were completed by the end of the day. This proves NO drop in the demand count at all! So, did 220 contracts get a jump in deliveries ahead of the supposed FIFO (First In-First Out) claims of engagement? Silver’s Overall Open Interest now sits at 187,741 Overnighters going against the physicals proving a drop of 76 after the Sunday night drop, from the high.

      August Gold’s Delivery Demands now sit at 47,211 fully paid for contracts waiting for receipts. Ironically the delivery count is also unchanged from Friday’s numbers with a Volume of 310 already up on the board with a trading range between $1,984.30 and $1,963.10 with the last buy at $1,967 up $4.20 so far today. Friday’s full trading day had a Volume of 2,914 up on the board with a trading range between $1,981.10 and $1,948 with the last buy at $1,962.80, settling the day out with a $20.50 gain. Gold’s Overall Open Interest declined by 1,076 short contracts leaving 586,484 Overnighters going against the price.

      Australia got the bio-bug! The premier of Victoria plunged the region into a “state of disaster” on Sunday, announcing even stricter lockdown measures, introducing a nightly curfew and banning virtually all trips outdoors after Australia’s second largest state recorded 671 new infections in a single day. We’re 6 months into a bug release from a level 4 bio-lab and still no confirmation on anything except all the masksperts making idiots out of both sides as we all learn about this together.

      Real or not, the Bio has caused immeasurable amounts of damage to the controllers of debt all over the world with the latest claim that more than 60% of Global Debt now yields less than 1% ROI. Also of note; HSBC crashed to an 11 Year low as their profits plunged and as the loss of reserves expands, with low export trades, now and in the future, causing a drop of 6.4% in share value already today. This bank seems to have a trust problem lately. Trust is everything in the game of confidence and that confidence is gone. That should lead to the debt of a nation being untrustworthy too. Then today, our VOM2 Money Stock came in and it ain’t good at all, yet the price of our currency stays in place (for now).

      Got Silver and Gold? Have a great day no matter what! Keep that smile going for all you may see, as you keep safe distance and as we make it thru another month of debt issues and precious metals risings. 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,

      We start the last day of July off in the positive with December Gold up $25.10 with the trade at $1,991.90, after it made another New Life of Contract High at $2,005.40 with the low at $1,971.40. Silver is leading the rise today with the September contract now at $24.475, up 84.9 cents after hitting $24.685 with the low wayyy down there at $23.67. It’s been over 40 years since Silver made a N-LoCH, maybe it’s time for it to catch up, stay tooned! The US Dollar did get a little jiggy during the FOMC, with the trade now heading lower at 92.94, down 6.9 points and close to the high at 92.965 after it recovered from the low at 92.51. Of course, all this happened before 5 am pst, the Comex open, the London close, and after Ghislaine Maxwell’s unsealed court records were released.

      The precious metals gains are also rolling along against the emerging fiats, as the Venezuelan Bolivar will prove Gold gaining 222.72 overnight with the last trade at 19,894.10 Bolivar. Silver under the same currency is now at 244.444 Bolivar, providing the holder at 10.294 Bolivar gain per ounce. Argentina’s Peso now has Gold’s value pegged at 143,813.65, a gain of 1,746.20 A-Peso’s with Silver at 1,767.18 giving the most manipulated metal in the markets a 76.09 A-Peso gain. Turkey’s Lira has given Gold a 152 T-Lira gain with the last trade at 13,886.11 with Silver gaining 7.12 with the last trade at 170.606 T-Lira.  

      August Silver Delivery Demands have officially begun, with the demand count now at 914 fully paid for contracts and with a trading range for the 3 lot Volume, between $23.59 and $23.565 with the last trade at the low. We need to leave some room for the unaware trader, he/she/they may have one or two positions to clear, but all in all we have a $107,692,050 order now standing for delivery. If the deliveries are as strong as the last several months, there’s gonna be a big problem at the Comex! Silver’s Overall Open Interest is now calculated at 187,817 Overnighters, more than doubling yesterday’s reductions, which may prove the FOMC meeting was simply a 2-day stall, as 3,931 more shorts had to be added into the markets.

     August Gold has to be scaring the shit out of the shorts with the Resolutes Delivery Demand count at 47,236 and with a Volume of 1,100 already up on the board with a trading range between $1,981.10 and $1,948 with the last swap at $1,965.90, up $23.90. Let’s see how the rest of Augusts deliveries go, as the first day’s buy orders equal $9,286,124,240. Gold’s Overall Open Interest is proving someone is getting out of the way of the next rally with the Overall count dropping 12,524 leaving 587,560 contracts to go against the physicals.

      I have no kind words for what we all have been forced to deal with over the decades as one who represented us as a leader, got continual protection from the Deep State. This one raped many women (and paid to shut them up) and (is accused of having sex with) young girls over his professional years as a government elected. A party was even willing to allow his wife to represent our nation too, and chose to ignore all the wiener laptop evidence and the death of Seth Rich! This same group also attacked anyone who accused both Clintons of wrong doing and that body count of the dead from way back when he represented Arkansas going forward, needs to be reviewed without the FBI/CIA/NSA interferences. All those involved with the Entire Pedo Machine need to be brought into court to answer questions. That is, if they survive their assisted suicides. I believe the promise, that has to be one of the hardest promises any president has ever attempted to do! Root out pedophilia and child trafficking rings, no matter who gets caught or the costs, and that includes the Republican Party!

      The future promises to bring out many more stories that link this Pedo-Protect-Group to many others, not only in our country’s government, but many other countries as well! This revelation is either going to be swept under the rug by a bigger story, or it’s going to come out in full blossom. I don’t expect the media to reveal any of these stories because they too are all caught up in the mess with the Weinstein links, however, I do expect the court cases will reveal it all! Need we say, the best place to have one’s retirement while all this comes out, is still Physical Silver and Gold? Probably not, so have a great weekend, keep 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,

        August Gold has made a new Life of Contract high in the early morning with the trade at $1,938.20, up $40.70 with the high nearby at $1,941.90 and the low at $1,899. September Silver seems to be leading the charge with its trade at $24.56, up $1.71 with the high up at $24.82 and the low at $22.94. The US Dollar is finally heading in the right direction as well. After all, a trillion here and a trillion there, makes for a damn good anchor with the value now pegged at 93.76, down 62.5 points, with the low right here at 93.705 and a high way up at 94.375. Of course, all this happened while we slept, before 5 am pst, the Comex open, the London close, and after another professor from the English Dept at Rutgers University declares that proper use of grammar is a hidden form of racism because it disadvantages students of “multilingual, non-standard ‘academic’ English backgrounds.” I say, don’t worry, we have apps to fix that with no “feelings” to hurt or convey and it’s cheaper to boot, and they can be used for home schooling too.

      Since the Dollar is finally making the plunge, the emerging markets currency activity should really start to pop with Gold’s price under the Venezuelan Bolivar now at 19,357.77 proving a 477.40 Bolivar gain with Silver at 245.293 Bolivar giving the holder an additional 17.977 Bolivar gain in value. Argentina’s Peso now prices Gold at 139,233.37 Peso’s giving the noble metal a 3,574.96 gain over the weekend with Silver adding 130.55 A-Peso’s with the last price at 1,764.34. Gold under the Turkish Lira, is now priced at 13,276.55 Lira giving the holder a 330.25 gain with Silver’s last trade at 168.235 T-Lira adding an additional 12.365.

      July Silver’s Delivery Demands, one of the most ignored plights (Comex-deliveries) in the overall topic called precious metals, now has an Open Interest tally at 1,031 fully paid for 5,000 ounce contracts and with a Volume of 35 already up on the board with a trading range between $24.37 and $24.195 with the last trade at $24.355 up $1.547 so far today. Last night, when trading started, Silver’s Volume hit 14 contracts with no price posted. What is more striking about this, is Friday’s trades within the delivery system. July Silver’s Delivery Demands dropped by 239 contracts with the full day’s trading range between $23.07 and $23.065. That’s a ½ penny trading range that had a Volume of 189, yet the Comex price fixers decided to allow the settling price to be much lower than any trade occurred at $22.808, dropping the value by 13.7 cents by the end of the day. I wonder if the version of “law” within the CFTC books is equal to the version of law under the eyes of the DOJ? That may be answered soon enough (JPM) as we pile on the questions as to how 189 contracts can trade in a ½ penny range but 35 has much more of a spread? Today’s buyers must not be part of the club. Silver’s Overall Open Interest now sits at 186,346 Overnighters going against the physicals proving a gain of 474 since Friday’s tally.

      July Gold’s Delivery Demands now has 524 fully paid for contracts posted and with a Volume of 165 already up on the board providing a trading range between $1,938 and $1,901.50 with the last trade at the high, up $40.70 so far today. The physical demand count has increased by 388 contracts from Friday’s tally that had a Volume of 474 with a single price for a trading range at $1,884.30. Yet the Comex Price Fixers settled the trade at $1,897.30, a gain of $8.20 (from Thursday’s close) even though there were no trades near that price. Gold’s Overall Open Interest also gained 1,088 more shorts going against the physicals bringing the tally to 610,362 Overnighters. Tomorrow is the July Options expiration day with Wednesday being the last day for July buyers, who need physicals immediately. Not only that, August Gold, a primary delivery month for the noble metal, has an Open Interest of 197,548 contracts. This tally has to drop or we may see $38,284,802,400 in purchases. What can go wrong? Nothing! That is if you have your metal already.

      The events of the year, have really taken a toll on just about everything in finance and economics. Everything has changed! What had value, no longer has it. What didn’t have value and was considered a barbarous relic, is all of a sudden, the must have. That’s why we are here, sticking to the topic that has been ignored by the fake media and the fake financial system that supported the media Creature Style. Their game is over, and ours has just begun.

      So, sit tight – you are right! Holding precious metals while the world hated it is proving to be one of the best decision’s one could have made. Most of those, that are trading in the various sectors of precious metals, have been beaten to a pulp, lying in pools of blood, with cuts and bruises, missing teeth, and with broken bones to boot. How could they have survived all this and still be right here and in place? Determination! I don’t know about you, but I think the central banks bullies, in the playgrounds of our sector, are getting tired. We may be a bloody mess, but we’re outlasting the bullies, like Steve Rogers, We Can Do This All Day Long! Prayers for all, and as always …

Stay Strong!

Jeremiah Johnson

JeremiahJohnson@cableone.net

Posted by & filed under General Editorial.

Great and Wonderful Friday Morning Folks,

     August Gold is staying in the green with the trade now at $1,890.40, up 60 cents and closer to the high at $1,896.70 than the low at $1,880.50. Silver is signaling, which may no longer be an indicator, with the trade at $22.76, down 22.8 cents after hitting a low of $22.58 with the high up at $22.985. The well printed US Dollar continues to find support with the value pegged at 94.71, up 6.1 points after reaching up to 94.78 with the low so far at 94.515. Of course, all this happened already, before 5 am pst, the Comex open, the London close, and after Goldman Sachs pays $3.9 Billion in penalty’s to the Malaysian government.

       Gold’s gains are everywhere these days! In Venezuela, Gold’s value now sits at 18,880.37 Bolivar, proving a gain of 138.82 overnight with Silver now priced at 227.316, showing a 1.098 Bolivar reduction. Argentina’s Peso price for Gold is now gauged at 135,658.41 giving the holder an additional 1,094.49 in A-Peso value with Silver losing 6.16 A-Peso’s with the last price at 1,633.79. Gold’s value under the Turkish Lira, is now gauged at 12,946.30 showing an additional gain of 96.16 Lira’s with Silver at 155.870, proving a slight reduction of 0.747 of a T-Lira.

      July Silver’s Delivery Demands are to end soon, yet the physical demands remain so strong we can hardly contain ourselves, with today’s starting count at 1,270 fully paid for 5,000-ounce contracts and with No Volume up on the board so far today, reducing the demand count by 106 from yesterday’s tally. Yesterday’s delivery activity happened in between $23.325 and $22.665 with the last buy at $22.91 with the closing price at $22.945. A total of 200 contracts swapped hands throughout yesterday’s pullback, as the trade took away only 13.8 cents. There was a ton of activity these past 2 days inside the Volumes in all the Ag contracts, yet the Overall Open Interest is not showing much of a change with the count adding another 511 short contracts bringing the total to 185,872 Overnighters going against the physicals. So far for the month of July, 15,678 purchases have been completed at the Comex (78,400,000 ounces) and that was before a certain Resolute made a statement.

      July Gold’s Delivery Demands now show a post of 136 fully paid for contracts waiting for receipts and with a Volume of 1 up on the board with a $1,884.30 price attached to it, down $4.80 so far today. Yesterday’s all-day-activity inside the delivery system happened between $1,890 and $1,868.50 with the last buy price at $1,882 with the adjusted close at $1,889.10 that brought a Volume of 133 with it. These newer purchases caused the delivery count to increase by 17. Gold’s Overall Open Interest is now gauged at 609,274 Overnighters proving a 5,676 reduction in count during yesterday’s rally as we watched closely as the Christmas Contract hit $1,927.10 before the calm was applied to the price. We’re not that far away from a new “Life of Contract High” in Gold, maybe today those that hold will feel better than they have these past 9 years.

      Next Tuesday is the August Options Expiration Day for Silver and Gold. The very next day, is the Last Trading Day for the July Contracts with next Friday being the First Notice Day for the August contracts. Yesterday’s activity in Gold was all about the rollover, out of the August contract and into December’s. Decembers Open Interest is now leading all contracts. August is another primary delivery month for Gold, and maybe it will be another stellar month for Silver too. August Gold’s Open Interest is now at 227,778 which represents 22,777,800 ounces. Is that too much for Comex? Let’s wait it out and see.

      Everything has changed for the positive in precious metals! The demands are overwhelming everywhere, including the already collapsed currencies called the emerging markets. Many nations are now vying for physicals, even after Venezuela was denied their gold held under British authority.

What we’ve been talking about can now be visualized, as the impact of the CCP-19 shutdowns on the Gold supply chain becomes more apparent everywhere. With Gold being only a few dollars away from making a new life of contract high, Silver is lagging, and under tremendous pressure, as we wait for that lid to blow! Could it be today, or will next week be it, or? Stay Tooned, and keep smiling! Have a great and wonderful weekend, have a prayer for all and keep your metals close, and as always …

Stay Strong!

Jeremiah Johnson

JeremiahJohnson@cableone.net

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Posted by & filed under General Editorial.

As silver has exploded higher, the gold/silver ratio has dropped back to near 80-1. Premiums have turned and moved higher each day for about a week. While we do have inventory, there are again some wait times on delivery. Nothing like 6-8 weeks in some instances back in April but wait times nonetheless. If you have pondered making purchase and held off, now would be a good time to pull the trigger as metal is available. We went from a Thursday to a Monday back in late March where dealer inventory was essentially wiped clean. As Jim says, the time to purchase metal is when you have the cash available. I would add, the time to purchase metal is when the metal is available. Whether it is caused by an event or just a plain stampede, I have maintained and still do that metal will go in to hiding. Do not try to time your purchase as the train is pulling away from the station and picking up steam with gold and silver on it. Do not be left behind because you believed you could time the move. Being left behind this time will be a lifelong error!

Bill

Posted by & filed under General Editorial.

Great and Wonderful Monday Morning Folks,

      August Gold is trading higher with the current price at $1,814.90, up $4.90 with the high nearby at $1,814.90 with the low at $1,806.60. September Silver is adding value as well with its trade at $19.88, up 11.8 cents with the high right there at $19.895 with the low down at $19.655. Another Maginot Line has been crossed in the US-Dollar Index with the pegged value at 95.72, down 16.9 with the low right there at 95.695 along with the high at 96.145. All this, of course happened before 5 am pst, the Comex open, the London close, and after another fine example, over the weekend, of “Stupid is as Stupid does”, as we all get to look at Portland’s left coast elected

      Venezuela’s Bolivar drop caused Gold to gain 92.88 over the weekend with the last trade at 18,126.31 Bolivar with Silver’s gaining 3.047 with its price at 198.552 Bolivar. Argentina’s Peso price for Gold is now at 129,639.31 proving an 804.33 A-Peso gain with Silver’s price at 1,420.10 providing a 23.37 A-Peso’s gain. The Turkish Lira’s price for Gold also gained 56.51 over the weekend with the last recorded price at 12,447.04 Lira with Silver gaining 2.011 T-Lira’s with the last trade at 136.340.

      July Silver’s Delivery Demands are now at 1,594 fully paid for 5,000-ounce contracts and with no Volume or Price to offer so far this morning. Friday’s full trading day within the delivery system happened in between $19.71 and $19.35 with the last recorded trade at the high with the adjusted close at $19.685 as 31 contracts swapped hands and as the delivery system served up 47 receipts somewhere between here and London. The shorts have no choice but to keep shorting. If they leave the field of play, Silver would be sharply higher with today’s Overall Open Interest now at 180,111 Overnighters as another 1,357 short contracts had to be added or things would be more in our favor. Muhahahaha!

      July Gold’s Delivery Demands are now at 66 fully paid for 100-ounce contracts and with a Volume of 12 already up on the board with a trading range between $1,812.60 and $1,807 with the last buy at the high, up $4.30. This proves 113 receipts got settled out during Friday’s trades which had a price range between $1,810.10 and $1,798.50 with the last trade at the high, yet Comex settled the closing price at $1,808.30, with 24 contracts getting settled out on the last day of the week. The fear trade is really showing up behind Gold’s price as another 8,508 short contracts had to be added with the Overall Open Interest now at 587,837 Overnighter’s going against the physicals.

      We have some really big things happening in the early morning as Nine Chinese financial institutions got nationalized in a single day as 1 Trillion Yuan in assets got support, as we ask; is this a new world record in taking over financial institutions for a single country in a single day? I think it is, we’ll wait for more confirmation from others as things start to get really wobbly, not only in the currencies, global politics, but as team Obama become more and more panicky as Q posts continue to expose what the media refuses to reveal in any “news” as post 4599 exposes the Trilogy, and as Post 4605 and 4606 revealing the final goodbyes (you’re fired sign) to Christopher Wray, with General Flynn gets relabeled A Real American Hero!

      Cast aside all doubt, it’s all coming together now. Things are changing and it looks like stuff is getting better by the moment, that is for law abiding citizens, not the criminally elected. Keep your metals close, 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.