Posts Categorized: General Editorial

Posted by & filed under General Editorial.

Great and Wonderful Wednesday Morning Folks,

     Gold is trading in the positive with the April contract at $1,575.90, up 10 cents after hitting $1,577.40 with the low at $1,567.90. Silver is in the green as well with the March contract at $17.475 up 1.7 cents after hitting $17.515 with the low at $17.280. The US Dollar is also trading in the green with its value pegged at 97.915, up 8 points after hitting 97.955 with the low at 97.760. Of course, all of this already happened before 5 am pst, the Comex open, the London close, and just days away from the Brexit.

      Venezuela’s currency now has Gold’s valued pegged at 15,739.30 Bolivar showing a loss of 21.97 with Silver at 174.532 Bolivar a loss of 4.244 during the overnight. Argentina’s Peso now has Gold priced at 94,696.52 Peso’s proving a pullback of 117.77 with Silver losing 25.42 with its price at 1,050.10 A-Pesos. The Turkish Lira, oddly enough, is showing a gain of 6.42 in Gold’s value with the price at 9,390.13 Lira with Silver at 104.114 Lira pulling back 2.32 more from the previous quote.

      The end of January Silver’s Delivery’s is today with the Demand Count (also known as Open Interest) at 10 posted up on the board after another purchase was made and without price during yesterday’s trade. As of our write up, there is no Volume posted yet as we await the Resolute to step in again (purdy please).

      Silver’s Overall Open Interest now sits at 231,884 Overnighters proving 6,204 short contracts exited the trade after crushing the price in order to take away the “in the money” profits from the Buyers of Calls and after the Silver Signal was given via the Algo System, which was created to make things more efficient (and more hidden) as the emails and phone calls were replaced, as evidenced, given to the CFTC during its 5 year Silver investigation, proving who’s side the governing body is truly on. How much control a criminal element has, should be the focus of the governing bodies, but their ideas of more control over more issues makes the point mute for now.

      Gold’s Overall Open Interest fell by 33,065 Overnighters after yesterday’s options expiration and price crush which brought the new total down to 718,916 Obligations, for the last day of January’s Deliveries. The issue today (besides the final purchases for Jan) and tomorrow, is what is left of the Open Interest in February’s contracts. The total this morning is 102,127 contracts that have to be out by Friday, that is if they do not want to take physical delivery. At present the February OI points to a very heavy demand over 10 million ounces. What we’ve witnessed so far this week is a heavy hand of shorts, forcing the coronavirus fear trade out of the market, to facilitate a theft in value in order to keep the system static.

      The game of paper over physical is still showing itself to be in control. We stand right in the front lines at the Comex, knowing the deliveries will take over the control of paper, when the controllers lose sight of sellers, stupid enough to sell at prices below refining. If there is any doubt in your mind about this, let this interview Chris Marcus had with Keith Neumeyer help remove it: Silver Supply and Demand Positions First Majestic For Great Success.

      Enjoy the day, keep that smile on your face and a positive attitude in the head, no matter what is going on around you, and as always …

Stay Strong! 

J. Johnson

Posted by & filed under General Editorial.

Great and Wonderful Tuesday Morning Folks,

       The money-maker called Options Expiration Day is here with Gold doing what it almost always does on this day, trade lower with the April contract at $1,578.10 down $5.60 and at the low with the high to beat at $1,588.50. Silver has been leading the charge lower, ever since yesterday, giving us “the signal” with its trade at $17.90, down 16.1 cents with the low at $17.87 and the high at $18.115. The US Dollar is still king of the currencies with the trade currently at 97.90, up 13.3 points and the high so far with the low at 97.715. Of course, all this happened already before 5 am pst, the Comex open, the London close, the start of the FOMC meeting, and a whole list of stories surrounding the coronavirus and quite possibly the largest quarantine ever in mankind’s history.

      In Venezuela, Gold’s value dropped a bit with the current price at 15,761.27 Bolivar showing a loss of 118.86 with Silver at 178.776 Bolivar producing a 34.96 loss in value. In Argentina, Gold’s value is at 94,814.29 Peso’s, taking back 556.68 which is only a portion of yesterday’s gains with Silver at 1,075.52 Peso’s taking away 19.92 in value. The Turkish Lira has Gold priced at 9,383.71 Lira, a loss of 72.38 from yesterday’s gains with Silver at 106.434 T-Lira taking back 2.095.

      January Silver Deliveries have all been settled out with absolutely all of the pending orders that were waiting for receipts, getting them and have left the arena of play leaving the Demand Count at Zero this morning and with no Volume either. Not sure if this is an oddity or not, I simply do not recall seeing zeros on Options Expiration Day before. Also, of note, we now have 1 more day of trade before the closeout of the January Cycle with this Friday being the first notice day for the February Deliveries. Will Mr. Resolute show up again today? Let’s face it, the past 4 days of trade brought in over 3 million ounces of demand making things uncomfortable for the shorts who have no choice but to deliver.

      Silver’s Open Interest is still proving our point and at every turn. Where would the price be if it wasn’t for all this paper controlling the price? As of this moment, the Open Interest in Silver is at 238,088 Overnighters proving a gain of 4,652 more short contracts having to be added into the Comex in order to “stay the climb” during Sunday night and yesterday’s viral panic. This leaves the criminal element 6,111 more short contracts before breaking new ground in order to keep things static.

      Gold’s Open Interest is also proving how precarious things are as its Overall Count dropped 36,281 Overnighters during yesterday’s fear trade leaving a total now at 751,981 Obligations proving what can happen when the rats jump ship as the ratio spread starts to wobble and the idea of a supposed unexpected fear surfaces right on time.

      Coronavirus may be a worthy reason for worry, not only health wise, but supply chain wise as well. The viral airborne virus spread supposedly takes 2 weeks before the symptoms become noticeable. The “spread” has already happened several weeks ago with the chance of the virus widening the infected area and all over the world because of the way we travel. What needs to happen now is to see a slowing of the spread and absolute containment. Also, of note, when has anyone trusted what any government has to say, when what comes out of their mouth is “remain calm”? Especially China, and its truth ministry. A Global economic reversal could be around the corner, with frightening results for those who have no preparations.

      We’ll pray for no more deaths, as the markets have no choice but to obey all supply and demand numbers, which have not been doing well at all even with all that Repo-Printing, and as the M2 money supply heads to new low territory.

      Regardless of the events of the day, we remain vigilant and confident. We’ll keep a smile on our face and a positive attitude in our heads no matter what, because we are prepared, hopefully you are too. Stay Resolute and …

Stay Strong

J. Johnson

Posted by & filed under General Editorial.

Great and Wonderful Monday Morning Folks,

      April Gold gapped higher right at the opening, but is now trading at $1,590.00, up $11.80 after hitting $1,594.70 with the low that filled the gap at $1,581.60. Silver gapped and filled as well with the trade now at $18.25 up 13.7 cents (a penny above the open) with its “right at the open” high at $18.375 with the low at $18.145. If there was a currency scare, it would have shown up in the Dollar, and it’s not, with the currency value pegged at 97.720, up 7 points and right by its high at 97.74 with the low to beat at 97.590. Of course, all this already happened, before 5 am pst, the Comex open, the London close, before the end of the months position squaring, the options expiration, and the final days of Brexit (at last).

      Our emerging markets currency watch continues to lead with Gold under the Venezuelan Bolivar now at 15,880.13 proving a gain of 256.63 Bolivar with Silver at 182.272 Bolivar giving those that hold another 4.295 gain in value. In Argentina, Gold is now priced at 95,370.97 A-Pesos showing a gain of 1,511.44 over the weekend with Silver now at 1,095.44 Peso’s adding 26.14 to its value. The Turkish Lira now values Gold at 9,456.09 showing a weekend gain of 163.78 Lira with Silver at 108.529 Lira proving the addition of 2.656 in value.

      January Silver’s Delivery requests jumped quite a bit during Friday’s Comex trading period as the Volume increased from the posted 100 in the early morning write up to 280 confirming how strong the demands for physical are, proving 1,400,000 ounces of physical traded on Friday alone, with a trading range for the last batch between $17.870 and $18.050 with the adjusted closing price at $18.057. As of this morning, January Silver’s Volume is at 2 with no price once again and with a Demand Count of 228 proving that 52 contracts might have gotten settled somewhere in between the open and closing of Comex, then there’s the 103 contracts that were on the board Friday morning that got settled, or traded, or whatever?

      This morning’s Overall Open Interest in Silver is now calculated at 233,436 Overnighters proving the point that Silver would be substantially higher in price, if there were restrictions placed on the Bankers Paper. This proves 2,517 more shorts had to be added in order to stay the price. Silver’s short traders are now only 7,760 positions away from breaking new ground in paper over price.

      Gold’s Overall Open Interest is now calculated at 788,262 Overnighters, proving 11,842 sellers, jumped the rat-infested ship of shorts since Friday’s write up, and just before tomorrow’s Options Expiration Day, then Wednesday’s Last Trading Day for January, ending with Friday’s First Notice Day for February Deliveries. There may be one hell of a punch coming this week to the precious metal’s prices, we’ll sit right here and report it.

      This last week, of the first month of the new year, may be quite telling. We pray the virus scare is contained at the same time the containing of precious metals prices gets removed. Let us keep a positive thought no matter what is going on around us, have that smile ready for everyone you meet, and no matter what, have the convictions of JOB and stay the course, as always…

Stay Strong!

J. Johnson

Posted by & filed under General Editorial.

Great and Wonderful Friday Morning Folks,

      Gold is never allowed to trade higher during the contract rollovers, with April Gold now at $1,564.30, down $7.30 and close to the low at $1,562.90 with the high to beat at $1,568.90. Unlike other precious metals posts out there, when the Open Interest in the front month (February) falls, and the next month’s OI exceeds the front, we start quoting the higher OI prices (now April). March Silver’s trade is now at $17.820 down 9/10ths of a penny after the dip to $17.74 with the high to beat at $17.865. The US Dollar found more strength with its trade now at 97.640, up 15.6 points and right beside the high at 97.675 with the low at 97.450. Of course, all this happened already, before 5 am pst, the Comex open, the London close, and after the DOJ released this report last night after the hearings; Surveillance Of Carter Page Based On Insufficient Evidence, No Probable Cause.

     Our Emerging Markets Currency Watch is leading the way today. In Venezuela, Gold is now valued at 15,623.45 Bolivar proving a gain of 42.95 overnight with Silver at 177.977 Bolivar gaining 16.98 which is far more than what was taken yesterday. In Argentina, Gold’s value under the Peso now sits at 93,859.53 showing a gain of 280.66 Peso’s with Silver gaining 10.54 with its final quote for the week at 1,069.30 Peso’s. Over in Turkey, Gold has a value of 9,292.34 Lira proving a gain of 37.89 with Silver gaining almost double yesterdays loses at 105.876 Lira, a gain of 1.17 overnight.

      January Silver Deliveries inside the Comex now shows a Demand Count of 103, an increase of 100 (500,000 ounces) Contracts after the final Volume of 110 was posted up on the board yesterday with a trading range between 17.755 and 17.730 with an adjusted closing price at $17.773. I had observed during yesterday’s activities the first 37 purchases (in Volume) had no posted prices to go with the trade. It was the last batch of purchases that finally posted the prices, which may be a no spread “Buy” order added in after the spreads were unwound (or wound up?). So far this morning we have a new Volume of 100 up on the board and once again, no price! Regardless, our Resolute Buyer theory is still workin in our favor, please keep it up until the Comex is drained!

      Silver’s Overall Open Interest fell by 269 Obligations leaving the total count at 233,919, helping to prove our point that the shorts are going against a set of buyers that are continuing to make their purchases at the exchange. Is there a problem with their normal supply route? This is why we think this Resolute Long may be a manufacturer with needs, not only in paper but physicals. Gold has a brand new all-time high in paper (Thank You Harvey O)! Gold’s Open Interest now sits at 800,104 Obligations proving an additional 9,750 more short contracts had to be added when normally a drop in count during the rollover would be occurring. Not Today! Apparently, the Resolute Longs Vs. the Reluctant Shorts have entered into a new level of challenge. This should be entertaining, and maybe it will be an entertaining price jump, that follows instead of the normal hard dump.

      Oops! Spoke too early! Gold’s trade after the Comex open is now at $1,567.70 still down $3.90 yet recovering from the earlier quote. Silver’s price jumped up 18.1 cents at $18.01, nice! So far this week, and including the Volume added during today’s write up, our Resolute Long has taken over 2 million ounces of Silver away from the Comex. Some will say it doesn’t matter, but others who have listened to Bart Chilton’s last recorded words during the Chris Marcus Interview see things differently, as we do! Bart Chilton last words are all about the manipulation of Silver and a certain criminal element.

      Enjoy the day and the weekend! Keep that smile on your face and a positive attitude in the head no matter what! and as always …

Stay Strong!

J. Johnson

JeremiahJohnson@cableone.net

Posted by & filed under General Editorial.

Great and Wonderful Thursday Morning Folks,

     Gold is lower in the early morning with the trade at $1,560.00 (April Contract) down $3 and recovering from the London Bop at $1,557.50 with the high to beat at $1,569.40. March Silver’s trade is at $17.65 down 17.8 cents after being knocked down to $17.590 with the high to beat at $17.910. If all this is to support the US Dollar, it’s not showing in its value with the trade at 97.305, up 1 point inside a 9.5-point trading range between 97.365 and 97.270. Of course all this happened already before 5 am pst, the Comex open, the London close, and after 2 days of Russia, Russia, Russia, being chanted in the Senate, by a group that still believes they know what facts are, especially the facts they choose to ignore. Everyone has the choice of reading the transcript themselves, or wait for their favorite TV show host to tell them everything except to “read the transcript”. Btw, we believe most have read the “perfect phone call” and read what the Ukrainian leader said about it too.

      Pullbacks seems to be the name of the game these past few days with Gold in Venezuelan, now trading at 15,580.50 Bolivar as the rollovers (Feb to Apr) start to muck up our price changes with Silver trading at 176.279 Bolivar dropping another 1.199 in value. In Argentina, Gold’s value is now at 93,578.87 Peso’s with Silver losing 7.80 with its price now at 1,058.76 Peso’s. The Turkish Lira now values Gold at 9,254.45 Lira with Silver now at 104.706 T-Lira, proving a 0.552 T-Lira reduction in its value.  

      January Silver Deliveries continue to make anyone who watches these antics frustrated because the cloud of secrecy continues as apparently a purchase and delivery, over the past few trading days of over 1 million ounces in total, went thru without prices being posted and that apparently is ok with Comex proving to us, why they cannot be trusted as we wait for a separate outside auditor (friends of the DOJ?) to confirm what the criminal element and its governing friends claim is not worthy of a price. Today’s Physical Silver Demand count is now back to 3 proving a reduction of 152 and again, without any prices posted during yesterday’s trades. So far this morning we have a Volume of 2 and again with no price.

      Silver’s Overall Open Interest increased during yesterday’s activity with the total count now at 234,188 Overnighters, proving 228 more shorts had to be added in order to stay the price, as we wonder how many more shorts had to be added during the early morning London Bop to get the price as low as it is now? Gold’s Open Interest current sits at 790,354 proving the rollover reduction of 4,374 Overnighters and with 5 more days before the Options come off the board, then making February the point of delivery.

     Nothing yet seems to shake the precious metals price free from control. The Open Interest is still highly elevated proving the over assigned paper contracts, “IS” the price control mechanism as the deliveries, which seem to get ignored by everyone but us (JSMineSet and the GATA Team), are brushed aside and as the Repo-Printing continues since Sept 17th. Someone posted a good question which we will repeat; “Was the REPO emergency caused by the spike in Silver’s price that started in the last days of May”?  It is within this time period that ended our 100-million-dollar Silver Call Options insurance policy that someone placed over 4 years ago at the same time the Open Interest found more paper.  

      We stand guard and bring forth everything we can regarding the elements of criminal activity within the markets that are manipulating the prices of real money. In short, All Comex Deliveries Matter! Especially a million-ounce purchase within the Comex that got no posted price. None of this can last without physicals.

     So, keep that smile on your face, a positive attitude in the head no matter what, and as always …

Stay Strong! 

J. Johnson

Posted by & filed under General Editorial.

Great and Wonderful Wednesday Morning Folks,

      Gold is trading lower, with the price now at $1,555.70, down $2.20 and after the low of $1,550.00 was hit with the high at $1,559.80. Silver is following with its trade at $17.77, down 3.8 cents and recovering from its low at $17.675 with the high to beat at $17.86. The US Dollar still won’t budge at all, regardless of the actions within the political arena, with the trade at 97.355, up 6.1 points after hitting 97.460 with the low at 97.315. Of course all this happened already, before 5 am pst, the Comex open, the London close, and after another Veritas Video came out showing more of what children think just after the education they received from hard core socialists.

      Gold under the Venezuelan Bolivar, is now worth 15,537.55 Bolivar proving a loss of 14.99 with Silver at 177.478 Bolivar shaving off 2.297 since yesterday’s early morning report. Argentina’s Peso now has Gold valued at 93,374.74 Peso’s reducing its value by 6.23 with Silver trading at 1,066.56 taking out 13.42 A-Peso’s. The Turkish Lira’s value now shows Gold worth 9,213.60 Lira showing a reduction of 26.92 with Silver also getting hit losing 1.555 T-Lira’s with its last price at 105.258.

      January Silver’s Delivery Demands are in direct contrast to the Comex price as the Demand Count now stands at 155 fully paid for contracts waiting for receipts after yesterday’s 175 count increase in Volume that still wasn’t important enough to post a price. That’s right, another unwinding or winding into a spread trade, yet 875,000 more ounces of Silver were added for delivery and no price! So, was this added to the “73” that was waiting for their receipts or was it something in between? So far this morning, the Comex has no addition purchases or spread activities posted and we are forced to assume they are telling us the truth (cough).

       Silver’s Overall Open Interest dropped during yesterday’s punch lower with the count now at 233,960 Obligations still in the trade, showing a reduction of 2,250 since yesterday’s quote. Gold’s Open Interest, however, gained with the count total now at 794,728 Overnighters proving an addition of 29 Obligations were added during the (Feb) contract rollover. With all the unverifiable numbers within the Comex Delivery System, one would have to question all the other exchanges that sell precious metals along with this huge amount of paper (LBMA is one, but there are far more to add). Are they all doing the same thing and if so, what is the overall “real” vs. “paper” count? Maybe we’ll get there (as a way of measuring the entire manipulation) as time rolls on as the paper stays and as the physical precious metals go away.

      Here we are again, forced to watch a much small group of tax wasters, after 4 years of bullshit that no president should have to go thru, that still can’t get over the fact that the population voted for someone the Deep State doesn’t want. At the same time, nothing has happened to currencies or precious metals prices. We’ve no choice but to move forward, the great unwinding of paper will occur, as the prices are forced higher and higher. While we wait, it allows us the time to consider; is this group of Deep State despots directly linked to the Federal Reserve’s money creation system? And if so, will the next election help prove it all or will it bust out during this joke of a hearing?

     Let us wait it out, with physical precious metals in our possession, as the paper flays against the winds of trade. Keep the attitude positive, have a smile on your face no matter what, and as always…

Stay Strong!

J. Johnson

Posted by & filed under General Editorial.

Great and Wonderful Tuesday Morning Folks,

      Gold is trading at $1,557.20, down $3.10 after dipping down to $1,551.80 with the high at $1,568.80. Silver is following along with its trade down 7.3 cents at $18.00 recovering from a low of $17.92 with the high to beat at $18.155. The US Dollar is also trading lower with its value pegged at 97.26 down 9.9 points after hitting a low of 97.225 with the high way up at 97.42. Of course, all of this already happened before 5 am pst, the Comex open, the London close, and after another weekend of peace and quiet regardless of the media’s attempt to stir up hate against law abiding gun owners.            

      Our emerging markets currency watch is all over the place today since we had a holiday and nobody else did. For instance, Gold under the Venezuelan Bolivar is showing a loss of 15.98 with the current trade at 15,552.54 Bolivar with Silver 179.775 Bolivar showing a reduction of 0.949. Gold, under the Argentine Peso, now has a price of 93,437.04 Peso’s proving a gain of 80.11 with Silver at 1,079.98 A-Peso’s showing a loss of 3.69. In Turkey, Gold’s value is now priced at 9,240.52 Lira showing a gain of 75.03 with Silver at 106.813 showing a 0.401 T-Lira gain.

      January Silver Delivery Demands are showing some intrigue as the count increased from 52 to 73 fully paid for 5,000-ounce contracts last Friday and with zero trading range and volume up on the board so far this morning. Friday’s additions had no prices posted on the board as well, so if we’re to use Comex Logic, a spread trade was either entered into or exited out of to create this No-Price-Demand, because (as Comex reps claims) trades with no price are spreads and spread prices are not necessary. This is where we have the biggest problem at the Comex, were these no-price-trades an additional 73 to be added or?

      Silver’s Overall Open Interest is now at 236,210 Overnighters showing an additional 783 Obligations had to be added in order to stay the price with only 7,986 more pieces of paper away from making a new life of contract high in paper, not price. Gold’s Open Interest is now at 794,699 Overnighters proving a gain of 608 since Friday’s numbers showing what paper can do to the fair price mechanism that used to be in our markets.

      Our Resolute Buyer came in and did his thing over the last 2 trading days. We’re still at odds with the Open Interest in both precious metals, at the same time the Federal Reserve is pumping out cash because there seems to be none in liquid form, unless they start clearing Treasuries. How much longer we have to go, will be defined by those that are required to locate product at these prices, as they find it more and more difficult to do so. Especially if the Resolute is a manufacturer with a constant and continual demand so they too, can stay in business.

      Bill Holter’s latest article points to the issues everyone, under the US Dollar, has right now even though they don’t know it. Everything but Commodities is in a bubble! When that corner turns, it won’t be pretty at all. In fact, food, energy, and clothing prices, are all super cheap compared to the things one doesn’t need to survive. This turn will occur when the Dollar goes south.

      We hope you are prepared. Hang on tight to the real and fear not. Paper is worthless, precious metals are the opposite. Enjoy the day, keep a positive thought in the head and a smile on your face, and as always …

Stay Strong!

J. Johnson