Posts Categorized: General Editorial

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Great and wonderful Tuesday Morning Folks,

     Precious Metals are rarely allowed a follow thru day after a nice and positive move up is made like yesterday, with Gold now at $1,784.20, down $9.20 after hitting a low of $1,781.20 with the high so far today at $1,797.60. Silver is leading us lower, as usual, with the trade at $18.31 down 27.2 cents after hitting the London low of $18.235 with the high up at $18.68. The US Dollar finally did get overseas support with its value now at 96.90, up 21.9 points after hitting a high of 97.105 with the low at 96.555. Of course, all this happened already, before 5 am pst, the Comex open, the London close, and after Sven the trader, claims “Markets are basically just a liquidity meth lab”… with no earnings growth during the last few years, “it is folly to pretend markets are about anything else but the Fed”. One thing for certain, meth labs and currencies do blow up, as witnessed in our next few paragraphs.

     In Venezuela, Gold value is now priced at 17,819.70 Bolivar taking back 26.96 overnight with Silver at 182.871 showing a drop of 2.247 Bolivar. In Argentina, the Peso has Gold valued at 126,242.61 showing a gain of 134.27 with Silver down 12.22 A-Peso’s with the price at 1,295.51. Gold’s price in Turkey now sits at 12,251.21 Lira, showing a reduction of 19.81 with Silver losing 1.559 T-Lira with the last trade at 125.725.

      Here are some charts to ponder upon, Gold’s price under the Venezuela’s Bolivar rallied 502,617.91% in 3 years’ time. It’s unfortunate this same site removed the other currencies vs. Gold’s past multiyear rally, because they were substantially huger, much huger, in fact ginormous! Pardon my Trump-ette.  Argentina’s Peso only shows a 115.52% gain since last year, here is a chart between the Argentine Peso and US Dollar where the currency values are many % points higher past that 1 year period. Btw, the Argentine Peso is our highest printed blow up currency to date. Turkey’s Lira has also fallen against the US Dollar which also means Gold price rise was substantial as well. This is why we believe the prices of precious metals, under our dollar, just may meet, or exceed, these past facts as everything unwinds.

      July Silver Delivery Demands now stand at 3,401 fully paid for 5,000-ounce contracts and with a price range between $18.26 and $18.22 with the last buy at the high, proving a drop of 132 in the demand count since yesterday’s posts and with a Volume of 78 already up on the board. Yesterday’s activity happened between $18.64 and $18.21 with the last buy at $18.53 with the close lower at $18.504. The fear is rising and so is the Open Interest in Silver as another 2,117 more shorts had to be added yesterday or today the price would be higher with the total count now at 169,735 Overnighters going against the physicals.

      July Gold’s Delivery Demands now totals 861 fully paid for 100-ounce contracts proving a drop of 409 receipts either getting filled here at the Comex or EFP’d over to London, with this mornings trading range between $1,789.30 and $1,784.90 with the last buy at the low and with a Volume of 178 already up on the board. The fear is also showing up behind the price in Gold as well, as the Open Interest gained another 3,079 more short contracts in order to supply liquidity, bringing the early morning total to 559,945 Overnighters.

      To add more reasons to the fear trading in the markets, the U.S. Mint is upping its coin production, after shortages of stamped coins have been reported in the U.S., and after purchases dropped off until the CCP19 bio got out. The second half of 2020, the Mint estimates an increase production to 1.2 billion coins in June and 1.35 billion coins per month for the rest of the year– which would add up to a projected total of 14.2 billion coins produced in 2020. This helps point out the idea that people are leaving the crime ridden investment arenas where the regulatory bodies are equally as guilty as the perpetrators, and as things start to heat up in the failed debt markets, which leads right to Currency Devaluations, which leads right to Precious Metals Rising, like they did in our emerging markets currency watch. 

      Here’s a good thread of closing thoughts that can only be answered in time; Is it possible the Ginormous Precious Metals Deliveries inside our July demand count, is the US mint itself? Is this proof their normal supply chain got disrupted because of a lab-designed-bio that shut down a world for 60 days? Demand is Demand, and the US Mint is required to meet the physical demands, and here we are.

      Nothing can stop this derailing train of debt vs. currencies vs. precious metals. Yet those that hold the physicals, have a much better chance of retaining their purchasing power, while the world observes how much has to be printed in order to pay off a debt, that has been piled high to a level of uncollectable.

      Stay positive no matter what, it’s food for the soul in times like these. Have a smile on your face and a prayer for all, and as always …

Stay Strong!

Jeremiah Johnson

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

Posted by & filed under General Editorial.

Great and Wonderful First Day of July Folks,

     They can’t let the markets show the fear after it was discovered Shanghai had far more Copper than Gold in their Gold bars with Gold now down $4.80 at $1,795.70 after a new high was made at $1,807.70 with the London low right here at $1,792. Silver is also “not allowed” to rally like it did yesterday with its trade at $18.52, down 11.7 cents after it made a new high at $18.85 with the London low at $18.46. Our forever printed US Dollar still seems to have universal support from the central banks with its value pegged at 97.515, up 16.6 points with the London high nearby at 97.56 with the low at 97.205. Of course, all this happened already before 5 am pst, the Comex open, the London close, and after the Seattle mayor slammed protesters for showing no ‘regard for’ her ‘safety’ as demonstrators circle her home. We say to her, “if you like ANTIFA invading your city, you can keep them!” In fact, you should really enjoy feeding them and taking care of them at your home too. Btw, if you arrest them, they’re “get out of jail free credit cards” will allow them the chance to go back to your door, again, and again, and again. You, Ms. Mayor, own all of this, and it is your responsibility to protect everyone in your city, not just your voters, all of them!

      Venezuela’s price for Gold gained 143.82 Bolivar with the trade at 17,934.55, Silver’s value also gained 4.245 with the trade at 184.969 Bolivar. Argentina’s currency has Gold priced at 126,513.39 Peso’s proving a gain of 1,231.98 overnight with Silver gaining 40.84 A-Peso’s with the last price at 1,305.12. Turkey’s Lira now has Gold valued at 12,310.44, giving the noble metal a 98.41 T-Lira gain with Silver now worth 126.970 T-Lira, showing a gain of 2.911.   

      July Silver’s Delivery Demands now sit at 5,209 fully paid for contracts with a Volume of 284 already up on the board with a trading range between $18.705 and $18.405 with the last trade at $18.48, down 6.1 cents so far today. Yesterday’s activities inside the delivery month happened between $18.53 and $17.94 with the last buy at $18.465 with the Common Core Calculated Close up at $18.541, above all “buys”. A total Volume of 1,718 contracts swapped hands yesterday as 11,625 contracts somehow got lifted making yesterday’s comment “don’t expect much” looking weak. Yet how can 11,625 contracts fit inside a Volume that low? It is possible that this reduction is Mr. Resolute getting his receipts in immediate fashion? Even Harvey’s EFP data doesn’t jive with this drop either. Silver’s Overall Open Interest fell by 2,237 leaving a total of 169,476 Overnighters going against the buy. The reduction in the deliveries is far more than the Overall Open Interest, let’s see what happens from here.

     July Gold’s Delivery Demands now total 2,013 fully paid for contracts with a Volume of 237 already up on the board inside a trading range between $1,798 and $1,784.20 with the last trade at the London low, so far today. Yesterday’s trading activity inside the delivery month happened in between $1,793.20 and $1,774.40 with the last buy at $1,791.30 with a total Volume of 986, reducing the demand count by 2,479. The Shorts have to be in a panic now, as witnessed by the activity behind the price, as Gold’s Overall Open Interest jumped to 562,737 Overnighters as another 14,863 pieces of liquidity got added into the mix after the Shanghai Gold Bar Scandal.

     Remember when HSBC put into our markets a new level of CFTC preapproved paper right into Comex Gold without explanation? That approval caused Gold’s Open Interest to rise to a life of paper contract high of 794,541. That event just so happened to occur around the time when Silver was at peak paper, when the March Options came off the board, and sending the OI count from 246,078 down to 135,000 +/- with in a months’ time. Are they connected? Did the governing bodies help out? Is there hanky panky still going on even after Bart Chilton’s last interview with Chris Marcus where Bart stated the CFTC approved JPMorgan’s overleveraged Silver contracts? Did their “hidden from public view” agreement include Copper? Is this part of what the DOJ is looking into?

      We may never get all the answers we need, but one thing for sure; cheap prices cure cheap prices, and too high a price, cures too high a price. This describes the battle we’re in, on a global playing field, between Precious Metals and Uncollectable International Debt, as the world churns over a bio, and as our nation head towards an election where a foreign nation has accused one candidate, evidenced in a phone recording, explicitly detailing the quid-pro-quo arrangement, running against a president, who has withstood every single impeachment accusation, that can be made up out of thin air, comes to a head. Please God let there be a debate!

     Stay Positive, no matter what! It is my believe that Positive People live longer. Keep the faith and a Prayer for all, and as always …

Stay Strong!

Jeremiah Johnson

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

Posted by & filed under General Editorial.

We had the privilege to interview Ted Butler this weekend. For those interested in the history of the ongoing silver scam, Ted Butler brings us all the way back to the 1980’s up to present day. The unwind will be spectacular!

Posted by & filed under General Editorial.

Great and Wonderful Monday Morning Folks,

      The real stuff is in demand with Gold trading at $1,757.80 up $4.80 after hitting $1,776.70 before London did it’s usual, with the low at $1,753.50. Silver is still leading with the trade at $18.165, up 14.3 cents after it reached $18.36 with the low at $18.05. The US Dollar’s value is now pegged at 97.415, down 16.2 points and is once again in the middle of the trade with the high at 97.70 and the low at 97.25. Of course, all this happened before 5 am pst, the Comex open, the London close, and after AOC, stated that tricks where made to keep Trump supporters from coming into the Tulsa gathering. No matter what she says, her lasts days as a political waitress is here, apparently, she got a bad review and won’t be serving another round.

      In Venezuela, Gold’s price now sits at 17,556.03 Bolivar, proving a gain of 170.78 so far with Silver at 181.423 Bolivar, gaining 2.846 since Friday’s trades. Gold under the Argentine Peso is now at 122,572.52, a gain of 1,353.10 Peso’s with Silver gaining 20.88 A-Peso’s with the last trade at 1,266.78. Gold is also gaining strength under the Turkish Lira with the latest value priced at 12,054.65 proving a gain of 123.15 with Silver also trading in the positive at 124.573, gaining 1.943 T-Lira since Friday mornings last quote.

      June Silver’s Delivery Demands are just about done with this coming Friday being the last day for Mr. Resolute to step in like he did with Gold last Friday, with Ag’s demand count at 8 and once again, with no Volume or trades to report. Friday’s end of day delivery activities also had nothing to report but we did confirm 1 purchaser got his receipt as the count dropped by that one lone number. Silver’s Overall Open Interest elevated even more on Friday’s rally as another 4,747 short contracts had to be added in order to keep the price from really jumping. This brings the total count to 181,870 Overnighters willing to take on the physical buyers, as we get closer to proving these additions, are the only things they can do, to control the situation as they attempt to take out all the Deep In The Money Call Options, which expire this Thursday. One day these massive short trades, will be forced out. We believe we are getting closer and closer to seeing that day!

      June Gold’s Delivery demands gained 784 more requests for physicals inside Friday’s trades, with today’s Volume at 110 with the demand count at 927 inside a trading range between $1,764 and $1,750.50 with the last trade at $1,751.10 raising the price by $5.20, so far today. Friday’s Volume proved 1,329 contracts swapped hands with the full day’s trading range between $1,750.70 and $1,723.50 with the last buy at $1,745.90. The numbers don’t jive as usual, so we have to assume someone got their receipts the day they bought. Thank you, Mr. Resolute for stepping in like you did. Not only did Mr. Resolute stroll into the physicals like a king, the shorts had to add another 23,646 more contracts into the mix in order to keep things steady. At the end of the day we also got a notice that the margins for Gold were lowered as well. All this activity behind the price is what we call our “Tell”, and it’s telling us things are not normal.

      This weekends Trump gathering in Tulsa overshadowed something we think may have a bearing on the future of just about everything, as Geffrey Berman refused to step down as US Attorney for the Southern District of New York after Attorney General William Barr legally and properly replaced him … “I have not resigned, and have no intention of resigning, my position, to which I was appointed by the judges of the United States District Court for the Southern District of New York.” .. In a Saturday evening statement, Berman admitted he will be leaving his post “effective immediately“. Did he fail to realize he was fired? This individual has been sitting on Wiener’s laptop, Bill and Hillary Clinton’s Foundation investigation, all those missing emails, and a few more juicy tidbits of importance. What we don’t know yet is if this same individual is also involved with JP Morgan’s investigations, or if Brian Benczkowski’s immediate retirement, as head of DOJ’s Criminal Division is part of this story? On another note Brian Benczkowski was a defense attorney, not a prosecutor, maybe that means something as well. What we do know for sure and for certain is Jay Clayton, currently the Chairman of the Securities and Exchange Commission, will be serving as the next United States Attorney for the Southern District of New York. Q Post 4484, is stating there is much much more going on here;
Importance of SDNY control?
Jurisdiction:
Weiner evidence collection
Clinton Foundation
Epstein evidence collection
Ukraine
(focus on above [for now])
[Watch NYC]

      Things are not only heating up in US politics and our markets, this first trading day of Summer; China and India’s border dispute, is adding some heat to the mix as well as India’s troops are given ‘Fire At Will’ orders against their antagonists, the Chinese troops. Lots of activity is already up on the screen so far to start this week. All we need to do is hold on to what is real, and let the markets fly. So, keep the faith, hold on tight to your metals, have a positive attitude no matter what, and as always … 

Stay Strong!

Jeremiah Johnson

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 started off higher, at the Sunday night open, only to see the same ol’ same ol’ for the starting of the Triple Witch Week with August Gold down $22.80 with the price at $1,714.50 and right close to that London low of $1,711 with the high starting point at $1,743.80. Silver of course, leads all declines, with its trade at $17.24, down 24.2 cents with the low down at $17.105 with the high to beat at $17.63. The US Dollar is also trading lower with its calculated value now at 97.16, down 14.5 points after dipping down to 97.035 with the high, not that far away, at 97.385. Of course, all this happened, before 5 am pst, the Comex open, the London pull, and after the Federal Reserve has monetized all Treasury Issuances in 2020, including all the tomorrow’s, all the way out to Christmas.

      Venezuela’s price for Gold now sits at 17,123.57 Bolivar, showing a drop of 286.64 since Friday morning with Silver at 172.184 showing a loss of 5.344 Bolivar. Argentina’s Peso now has Gold valued at 118,812.07 Peso’s dropping the value by 2,002.63 with Silver at 1,194.67 showing a sharp drop of 37.35 A-Peso’s. Turkey’s Lira has Gold valued at 11,727.71 Lira showing a bigger pullback of 180.99 than Friday’s gains with Silver at 117.916 T-Lira, losing an additional 3.505 since Friday’s tally.

      June Silver’s Physical Demand Count now sits at 13 fully paid for 5,000-ounce contracts waiting for receipts and with no Volume or Price up on the board so far this morning. Friday’s Delivery activities showed a Volume of 13 inside a trading range between $17.75 and $17.62 with that wonderfully adjusted paper over product close at $17.462, causing the price to drop by 40.7 cents, proving what we’ve been talking about for years now, paper controls the price. Yet these purchases, raised the Demand count by 2. So, are we to believe that those 11 contracts that were up on the board Friday morning, got delivered, and this is a new set of purchases, or is there something else that makes the stench unbearable? Silver’s total paper count now sits at 175,996 contracts (Open Interest) showing 2,968 Overnighters left the field of play since Friday’s tally and on a negative trading day.

      June Gold’s Delivery Demands now sit at 1,775 fully paid for contracts and with a Volume of 68 up on the board inside an early morning trading range between $1,730 and $1,706.30 with the last purchase being a special gift called “the London Low”, down $23 from Friday’s close, and reducing the delivery count by 19. Friday’s trades inside the delivery month occurred between $1,743 and $1,724.90 with the last trade at $1,729.30 with the calculated closing price of $1,730 as 318 contracts, swapped hands by the end of the day. Gold’s Overall Open Interest is now at 485,939 Overnighters as another 1,199 paper shorts had to be added in order to overwhelm the longs as we enter the Triple Witch Week.

      Something broke the June US Dollar Index on Friday. Or maybe it would/could be better said that, I have not seen this before in over 25 years of staring at monitors. From 10:41:10 am est. to 3:02:01 pm est., the US Dollar had a set of trades that should have caused a huge stir of news-worthy-talk, yet here I sit all by myself (something I’m very used to). I watched the Dollar trade between 96.73 (+/- 7 points) with the next tick at 97.25 (+/- 7 points, close enough to get my point across). I watched for hours as I witnessed these 55-point (+/-) swaps in the currency trade. Not once, not twice, not 100 times, but a total of 316 within that time period. I couldn’t believe what I was witnessing, in fact I was figuring it had to be an error. So, I looked at the June Dollar tick chart, which only confirmed what I witnessed. Then I looked at the Time and Sales stats, which also confirmed what I saw was real.

      Then I contacted the manager at the trade desk/risk department of the FCM (futures commission merchant) I deal through. He didn’t notice these price swings, till I asked him to look at his stats. He confirmed my Tick Chart view, he confirmed the accuracy of the Time and Sales data, and that the price swings that I witnessed, he too confirmed with his own eyes, they are/were real. I still have the printed-out Time and Sales data from Friday which I used to count the total movements inside these huge swaps.

       Two things are certain; my monitors and computers are not broken, and I still have the printed stats from Friday’s trades. Whether these are real trades or something else, we’ll have to wait to find out; if anyone else witnessed this, and if it’s real or an error (a big huge stinking error)? Today, just so happens to be the last trading day for All June Currencies. Which also adds some intrigue to the fakery of it all as we roll out to the September quarter. The rest of the week is a giant inventory check for all the centrals, as everything in the global economy has gone asymmetric already.

       Hang on tight to the real, there is no solution to what we are witnessing except holding precious metals. Everything seems to be a giant screen saver gone wonky. Keeping watch is what we do, and with the minds of Jim Sinclair, Bill Holter, Dave, Denny, and the GATA team, we have proven to be the ones standing against the centrals, on the verge of losing it all!

Stay Strong!

Jeremiah Johnson

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

Posted by & filed under General Editorial.

Great and Wonderful Wednesday Morning Folks,

      It’s the final day of the FOMC meetings and Gold is inside a $10 trading range at $1,728.10, up $6.20 and right close to the high at $1,728.40 with the low at $1,718.70. Silver is leading again, in its choppy and sporadic way as it attempts to break free from all that applied calm, with the trade at $17.945, up 15.6 cents with the high – ½ penny away and the low at $17.715. The US Dollar, the topic of today’s FOMC meeting (it’s really about the set calculations against Silver and Gold), is valued at 96.020, down 30.1 points and near its low of 95.975 with the high up at 96.465. Of course, all this happened already, before 5 am pst, the Comex open, the London close, and after the FBI started looking and scooping up the idiots who used social media to brag about the stuff they stole while protesting a wrongful death.

      Precious Metals are gaining across the board today. Venezuela’s Bolivar is getting weaker, continuing to make Gold more valuable with the trade at 17,259.40, gaining 110.86 Bolivar since yesterday with Silver now at 179.226 Bolivar finally gaining 1.049 after several days of applied calm. Argentinians are now paying 119,413.93 Peso’s for 1 ounce of Gold proving a gain of 1,164.14 with Silver also showing a 10.87 A-Peso gain with the trade at 1,239.99. The Turkish Lira’s price for Gold now sits at 11,734.46, proving a gain of 53.32 Lira with Silver also gaining 0.49 of a T-Lira with the last trade at 121.854. 

      June Silver’s Demand Count now sits at 11 fully paid for contracts and with no purchases made in the early morning as we wait for Mr. Resolute to make his mark once again. Hopefully he’ll be here just before the Gods of Print bless their own against the mass of investors they could not beat if they didn’t have control of the print. Yesterday’s delivery activity occurred at one price, $17.83 with a Volume of 1 with that adjusted price settled down at $17.774 as 14 buyers finally got their receipts. The fear is showing up behind the price as the Overall Open Interest continues to climb in order to keep the calm with the short trades adding another 3,788 contracts bringing the count to 175,237 Overnighters.

      June Gold’s Delivery Requests now sit at 3,970 fully paid for contracts and with a Volume of 35 already posted up on the board inside a trading range between $1,724.80 and $1,716.10 with the last trade, of course, at the high. Yesterday’s final trading range occurred between $1,720.90 and $1,692 with the last trade (I could see) at $1,712 with the adjusted close higher at $1,714.70 with a final Volume of 690. Only 100 buyers got receipts during all that activity. The fear behind the price finally popped into Gold yesterday as 5,845 short contracts had to be added or Gold would have a much higher value than it is now with the total Short Vs Long reaching 475,987 Overnighters (buyers and sellers holding their positions overnight) on the first day of the FOMC.

      As time rolls by, we continue to see the intrusion against truth in reporting as the Chinese Propaganda outlet called “China Watch”, paid millions to the Washington Post and the Wall Street Journal over the years, to run advertisements made to look like news reports. Then we have something very interesting, if true it’s a huge WOW, about ANTIFA management being picked up on the streets as they are walking, leaving the underlings in absolute fear as we once again state, how difficult is it to understand “we have the servers”? It may be time to Q the videos. Those that follow and believe in law and order, may be finally seeing it occur, but don’t expect the media to tell you about it, they are commercially compromised to not be truthful.

      More and more people are bypassing all proclaimed media and are going directly to the sources, such as the White House Press meetings to hear the Scorched Earth Tongue of Kayleigh McEnany. It’s amazing to see how the presstitutes act now after trying their best to ask loaded and stupid questions. Many are also going directly to the president’s tweets as well in order to get what our legally elected is trying to do while the press proves its been on the side of foreign nations against our country and its people.

      We sit with physicals, outside the financial mess called the markets, controlled by a (not really federal) Fed Reserve, that may have been swallowed up by the US Treasury. Then the compromising media, which is advertising pure bias claiming its news when many of us remember what news used to be, just the facts presented without bias. Have a great day! After all it’s all up to you to do so. Keep the faith, and a smile no matter what, because we are still right here, keeping watch, we believe higher prices in Silver and Gold are coming, because it’s a real product that fiat was made to trade against ….

Stay Strong!

Jeremiah Johnson

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 first day of June shows Gold started off much higher before all that central calm was applied with the trade now at $1,742.90 down $8.80 and right beside that organized low at $1,741.50 with the high at $1,761. Silver is still in the green with its trade at $18.545, up 4 cents after hitting $18.95 with the London Low right here at $18.54. The US Dollar is still barely moving, proving the controllers are still in play, with the trade at 98.145 down 19.6 points after dipping down to 97.84 with the high up at 98.335. Of course, all this happened while we slept, before 5 am pst, the Comex open, the London close, and after AOC found out she wasn’t so popular with the legal and living after all. LOLOLOLOLOLOL

      Golds trade under the Venezuelan Bolivar is still showing gains with the trade at 17,407.21 with the currency adding another 7.99 to the value with Silver seeing an additional 2.849 added on with the early morning registered price at 185.218 Bolivar. Argentina’s Peso now has Gold priced at 119,192.91 proving a gain of 106.33 Peso’s over the weekend with Silver now at 1,268.32 Peso’s showing a 20.07 A-Peso gain. The Turkish Lira seems to be pushing the real money lower with Gold losing 26.3 Lira with the price at 11,874.99. Silver however, is gaining under the Lira with the trade at 126.386 proving a gain of 1.648 T-Lira.

      June Silver’s delivery demands dropped a bit with the count now at 126 fully paid for 5,000-ounce contracts waiting for receipts with a Volume of 5 up on the board and with a trading range between $18.815 and $18.75 with the last trade at the high, up 31 cents so far today. Friday’s final trading range inside the delivery month was between $17.885 and $17.865 and with the adjusted close way up above the day’s trades at $18.44 with a total Volume of 25 proving 239 contracts either got settled out in receipts or EFP’d under some sort of yearlong emergency plan no one else is allowed to know but those inside the trade or the governing body that approved it. The inter commodity spread is still being played with Silver’s Overall Open Interest gaining more shorts with the count now at 166,373 Overnighters proving a gain of 3,305 during Friday’s rally. Just think what the price would be, if there was a legal limit to how many shorts can be applied by linking the count to the physicals for sale without all those synthetic hedges they created or allowing those EFP’s to London, the city of truth?

      June Gold’s Delivery Demands now show a demand count of 19,205 fully paid for 100-ounce contracts waiting for receipts with this morning’s trading range between $1,747 and $1,732 with the last organized trade at $1,732.30, down $4.60 from Fridays close and with a Volume so far at 147. This proves a reduction in count of 27,927 from Friday’s trade that had a completed trading range between $1,738.30 and $1,715.10 with the closing price at $1,736.90 with a total Volume of 1,406. What we are being led to believe here; is that drop in count must have been deliveries because the OI drop doesn’t equal Friday’s Volumes. Which is why we feel the focus on the deliveries is paramount to understanding the game being played against the first money of mankind. These numbers do not jive and it is fully meant to be that way! Gold’s Overall Open Interest proves the drop in count is close to that of the delivery months plunge, as 23,254 Obligations jumped ship leaving a grand total of 487,654 Overnighters, as we enter a major delivery month for Gold. So, where these trades that are not part of the Volume, part of a spread entry, exit, EFP’s, or real deliveries? This should be an interesting month as we see more reasons to be in physicals.

      This weekend proved to be an eye opener for many as these organized riots continued after a few days of Fake News “promoting” racial tensions when there is a completely different story not being reported by those that claim to be reporting. Derek Chauvin and George Floyd both worked as security guards at the El Nuevo Rodeo club and restaurant in the city. Why has this been ignored by the press?

      Moving forward, Q’s posts are telling those that view them, a story the press is complicit in. In short, the media cannot tell the truth because it would expose all the links that involve a past president and the media. Including the relationships between Soros and ANTIFA. Veritas Video also exposed these assholes with their own words as they express how much they hate our country because we didn’t vote for their candidate. ANTIFA was even attempting to use acid on a group that supports the legally elected president. Now Trump has made ANTIFA a terrorist organization after Q posted this; Antifa ‘mapping’ started a long time ago. Imo, this was done in order to follow the money, and those that have those wonderful cell phones that had tracking hardware and software. What part of “We have the Servers” do they not get? Maybe translated they might understand it, Fully Bugged! We’re finding out from Q, the money trail that the media refuses to follow because it most likely leads right into the heart of the news and the government connections, and news services hate to be the news. Now we have “Former Acting Inspector General for the U.S. Department of Homeland Security Indicted on Theft of Government Property and Scheme to Defraud the United States Government”.

      The rioters may have been bused in, that will be proven in time and not by the press whores. In the meantime, the misdirection’s continue as more fiat is needed in order to keep a system that was built to fail basic math, continues towards its end. Holding onto what is real is by far more valuable then a quarterly report, that most likely has a bunch of that AAA+ rated MBS in it, which is artificially being held higher as the price of metal is artificially kept lower. Keep the faith, have a smile on the face and a prayer in the heart for all. Hold on tight to the real, and as always ….

Stay Strong!

Jeremiah Johnson

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

Posted by & filed under General Editorial.

Great and Wonderful Friday Morning Folks,

       Gold is higher again in the early morning with the trade at $1,742.10, up $13.10 and right close to the high at $1,742.90 with the low at $1,725.30. Silver is leading percentage wise with its trade at $18.26, up 29.3 cents with the high at $18.34 and the low at $17.81. The US Dollar seems to be losing its gravitational pull to par with the trade at 98.035, down 33.7 points and right by it’s low at 98.015 with the high at 98.55. Of course, all this was done while we slept, by Algo’s, before 5 am pst, the Comex open, the London close, and after one heck of a great week for precious metals.

      We see nothing but gains in the emerging markets this Friday. In Venezuela, Gold is now priced at 17,399.22 Bolivar proving a gain of 32.95 with Silver gaining 3.496 Bolivar with its price at 182.372. Argentina’s currency now has Gold valued at 119,086.58 Peso’s giving the noble metal an additional 346.03 Peso’s gain with Silver gaining 25.10 A-Peso’s with its price at 1,248.25. The Turkish Lira’s price for Gold now rests at 11,901.29 showing a gain of 50.03 Lira’s from yesterday’s price with Silver at 124.738, gaining 2.665 T-Lira.

      Today is First Notice Day in June’s precious metals deliveries. This means 100% margins are applied to all trades inside the delivery months (with the exception of spread traders who get a special manipulating discount) with today’s starting count for Silver at 365 and with a Volume of 4 posted up on the board with a single price at $17.865. The Delivery months Open Interest dropped by 9 leaving a request for 1,825,000 ounces standing for delivery. While the prices climb, so does the Open Interest as another 4,018 more short contracts had to be added into the mix or Silver would be substantially higher than it is now, bringing the total to 163,068 positions, against the price and as the deliveries continue.

      June Gold’s Delivery Demands now stand at 47,319 contracts proving 13,949 positions jumped the delivery boat from yesterday, with today’s early morning trading range between $1,728.50 and $1,715.10 with the last trade at the high. That’s still a real high number that Comex has to deal with as we watch the world continuing to see the demands for protection gain, as the world’s printer’s fiddle to the flames. We got a lot of strange going on between the 2 precious metals as Gold’s Open Interest continues to decline as another 2,565 left the trade leaving a total of 510,908 Overnighters still in the trade.

     Here’s more on “the strange in the game”. Gold’s Overall Open Interest since last Friday fell by 19,235 Contracts. Silver’s OI gained 7,707 within the same time period. It maybe the Resolutes are stretching this inter-commodity-spread between the two to see where the weaknesses really are. Regardless, the buys are solid and the miners maybe starting to refine again (maybe). It will take a long time to see the flow rise up to what it was before the shutdown. Nothing will stop the collapse of the economic system, all we have to do is wait it out as the anger rises, and as the media misdirects once again.

     We need to pray for calm, the rush to anger winds up never being a good thing. Rioters do no one any good, but for now they have the stage and it’s all being recorded. All the video cameras and drones, will highlight those that rob, burn, and beat others, who had nothing to do with the event that caused this. In the meantime, make the weekend outstanding! Stay away from the crowds, keep your second Amendment right at arm’s length, and stay calm. We’ll make it through the mess the media is using to inflate the hate. Stay safe, keep calm, and as always

Stay Strong!

Jeremiah Johnson