Posts Categorized: General Editorial

Posted by & filed under General Editorial.

Great and Wonderful Wednesday Morning Folks,

    Gold is higher in our earliest morning report with the trade at $1,552.30, up $7.70 after starting from a low at $1,546.50 with the high near by at $1,554.70. Silver is following along with the trade at $17.840 up 9.8 cents with its starting point at $17.770 with the high at $17.920. The US Dollar may be getting a nose bleed from its lofty height with the trade at 96.985, down 10.9 points with the high at 97.180 and the low nearby at 96.955. Of course all this was done before 5 am pst, the Comex open, the London close, and after another not so convincing Democratic debate occurred where a socialist is claiming “rigged” who also ignored the Veritas exposure.

     Venezuela’s Bolivar now has Gold valued at 15,503.60 Bolivar showing a much steeper climb than the last 2 day’s pullback recovering 85.90 overnight with Silver gaining 0.849 Bolivar, recovering very little from yesterday’s price drop. In Argentina, Gold is now valued at 93,136.31 proving the recovery of 695.03 A-Peso’s regaining all this past week loses and then some, with Silver only gaining back 7.07 A-Peso’s with the trade at 1,070.39. The Turkish Lira has Gold priced at 9,137.95 Lira recovering 41.52 T-Lira which was more than yesterday’s pullback but nowhere near Monday’s drop off with Silver at 105.017 regaining only 0.403 of a T-Lira. Gold’s recovering price swings may be predictive, stay tooned!

      January Silver Delivery Demands now show a count of 23 fully paid for contracts waiting for receipts and with 0 Volume posted so far this morning proving an increase of 13 more purchases during Tuesday’s trade. Yesterday’s Delivery Month trading range didn’t budge one inch as the Volume jumped from 2 to 17. So, the delivery month had a 2-cent swing ($17.875 – $17.855) with 15 additional purchases, all the while the (February and) March Contract(s) traded well below the delivery months prices, yet the Comex closed the Delivery price at $17.674, hmmm. Said another way, the delivery month has been trading higher than the futures contracts, and it has been going on for a while. In the old days (and maybe just ahead?), this type of action would stress a “shortage” of product to deliver. Of note, that was before Algo’s took over and this giant amount of “new paper” that has been applied to the price.

      Silver’s Overall Open Interest is proving the Resolutes are still on the field of play with this morning OI count at 235,551 Overnighters showing a gain of 454 since Tuesday’s early morning post. Gold, as expected, did make another New Life of Contract “Paper” High of 798,131 proving a gain of 1,043 ( in Open Interest) and at this price. This is proving our point that if there was a limit to how much paper is used on the exchanges, like the miner’s restrictions on hedge’s, prices would be different, sharply different, and most likely at new life of contract highs!

      The game goes on, as the Resolute Buyers step in with deliveries making a mess of things for the short traders. The prices will be ironed out in time, without a doubt, all one has to do is wait it out. So, keep your physical precious metals in hand and away from any third party, have that smile on your face, and no matter what, have a positive attitude in the head. As always …

Stay Strong!

J. Johnson

Posted by & filed under General Editorial.

Great and Wonderful Tuesday Morning Folks,

        Gold is trading at $1,543.70, down $6.90 and recovering from the Asian low at $1,536.40 with the high to beat at $1,549.50. Silver is leading the dip, with its price now at $17.755, off by 24.1 cents and trading close to its low at $17.690 with the high to beat at $17.985. The US Dollar, which has to be printed in heavy fashion, is now trading at 97.180, up 12 points and trading right by its high of 97.195 with the low at 97.060. Of course, all this was done already before 5 am pst, the Comex open, the London close, and after JPMorgan posted another profitable year in trade.

      The emerging markets currency watch continues to show the pressure applied to the precious metals (w/1 exception) as the Venezuelan Bolivar now shows Gold trading at 15,417.70 showing a reduction of 32.96 in value with Silver now at 177.328 Bolivars reducing its value by 2.697. In Argentina, Gold is now priced at 92,441.28 proving a loss of 32.71 A-Peso’s with Silver now valued at 1,063.32 showing a 13.39 A-Peso reduction in value. The Turkish Lira now has Gold priced at 9,096.43 Lira’s proving a gain of 29.71 in value with Silver at 104.614 a loss of 1.031 Liras.

      January’s Silver Delivery Requests are unchanged from yesterday’s early morning post with the count at 10 and with a Volume of 2 put up on the board late last night. So far, these 2 contracts have a trading range of $17.875 and $17.855 with the last trade at the high. Yesterday’s Volume gained 1 more buy before the end of the day as we now wait again for the Resolute Buyer to step in to buy more big bars.

      Open Interest says it all in the commodities arena. Those that continue to ignore this will find out in time what a commercial signal failure is all about and how it starts (and ends). Silver’s Overall Open Interest now stands at 235,097 Overnighters proving the paper contracts increased by 637. We’re only 9,099 contracts away from breaking new ground again as we get close and closer to the old high at 244,196 Obligations.

      Then we have Gold’s Open Interest, and it too continues to gain more paper promises, with last night’s Comex closing numbers showing an increase of 9,456 more short contracts being added in order to tell us “holders” how wrong we are about the price, bringing the total count to 797,088 Overnighters. Gold’s OI is now only 22 contracts away from making another new all time high in paper, not price!

      Even though the prices are lower, the stage is still set for a move to sharply higher prices. This will happen when the short contracts get forced out, as the precious metals become harder to find at these low prices. That will happen in time as the Resolute Longs still refuse to leave making things very uncomfortable for the shorts. The Resolutes have lots of gumption, far more than the armchair warriors in a criminal element still sitting in short contracts, as our “It’s Not Called QE – QE” continues, in order to keep the system liquid, and against the Resolutes!

      Regardless of the shorts and their paper game, keep that contagious smile on your face, and a positive thought in the head, and as always …

Stay Strong!

J. Johnson

Posted by & filed under General Editorial.

Great and Wonderful Monday Morning Folks,

      Gold is trading at $1,554.40, down $5.70 after being dipped to $1,547.00 with the starting point high at $1,563.10. Silver is down 8 cents at $18.025 after going below the Maginot line again hitting $17.940 before it recovered with the high at $18.130 which of course is the Sunday night opening price. The US Dollar, a continually printed product of bad math, is now valued at 97.165 up 8.7 points after being supported all the way up to 97.245 before losing steam with the low at 97.050. Of course, all of this occurred already during Asia and London’s trading times, before 5 am pst, the Comex open, and the London close, and after “death to liars” is being chanted in one nation specifically, which can be heard in many others as well, if one has the ears to hear and the eyes to see.

      Our Emerging Markets Currency Watch continues to show the control the primaries have over almost all other currencies with Venezuela’s Bolivar now pricing Gold at 15,450.66 showing a pullback of 32.96 from Friday’s trades with Silver at 180.025 Bolivar, giving back the exact amount taken during the previous days move. Argentina’s Peso now has Gold valued at 92,408.57, it too losing 165.12 in A-Peso value with Silver at 1,076.71 proving a 0.10 A-Peso gain. The Turkish Lira now has Gold priced at 9,066.72 showing a reduction of 42.57 in paper printed value as Silver holds on to its value with the price at 105.645, showing a gain of 0.326 in T-Lira Value.

       Comex Silver Delivery Demands now show 10 fully paid for contracts waiting for receipts and with a Volume on 4 up on the board so far this morning, with a trading range of $18.02 and $17.97 with the last 2 of the 4 purchases at $18.02. Even though the count is small compared to the paper used to control the price flow, it shows the constant need for large bar supply. It also shows how little value Comex considers the delivery issue we have as last Friday’s Volume of 2 still shows no price. Also, of note Friday’s Demand Count was at 41 proving 31 contracts got settled out here or in London during Friday’s “no need to price a delivery purchase” day.  

      Silver’s Overall Open Interest now posts a total of 234,460 Overnighters showing the short traders had to add another 218 more contracts into the market in order to keep the liquidity level, at a price the centrals demand against the buyers of physicals. Silver’s level of paper against the physicals remains elevated and consistent, and for years now. We’re not surprised that Gold’s Open Interest caught up as now both commodities are trading just below their life of paper contract highs. Silver’s All Time High in Paper is at 244,196 with Gold’s All Time High is at 797,110.

      This weekends weekly discussion with Jim and his team, inside the paid for side, added much more understanding to the events of the week. The team is discussing our present history in the making. Maybe even being the precursor to the greatest transfer of wealth in history. If one does not have the time to read or study over the week, the “paid for side” is one of the best purchases one can make. One can listen at any time on Sunday and at one’s leisure, or the discussion can be saved into a MP3 format to be listened to on the road on the way to work.

      REPO-mania is the event that was discussed and the question of why the western nations seem to hate Russia and China so much? “Because they are evil” doesn’t cut it anymore. That statement has been used for centuries now and still the questions surrounding their history have yet to be discussed. I think it would take an entire multi years long television series to go thru all of Russia’s written history, written by their own countrymen over the centuries allowed for everyone to read after their communism collapsed, and to compare their writings to those that wrote about them from western civilizations viewpoint. What else can be discovered that was not there before? It is apparent that Russia and China have an obsession with Silver and Gold, and it may have been always that way.

      Moving forward, first we witnessed Silver being pummeled with paper liquidity, then most recently Gold. However, since 2008 the Federal Reserve had to print, and continually do so ever since, Why? This is what is being discussed as it’s happening, live! Want to know more, consider getting into the paid side and be amazed!

     Keep your precious metals in hand, keep a smile on your face and a positive thought in the head no matter what, and as always …

Stay Strong!

J. Johnson

Posted by & filed under General Editorial.

Great and Wonderful Friday Morning Folks,

     Gold continues to show what pressure can do when more paper is applied to the “buy” with Gold at $1,550.30, down $4 after hitting a low of $1,546.70 with the high at $1,555.00. Of note, none of this activity created a new low so far with the trading range remaining inside yesterday’s attempt to scare out the Resolutes. Silver is actually doing better than Gold with its trade at $17.925, down 1.1 cents after hitting a low of $17.860 with the high nearby at $17.975. Yesterday’s early morning low was beaten out by 1 penny before the trade went dormant with the yesterday’s low still intact. The US Dollar still has the “support of print” with its trade at 97.22, up 5.8 points with the high at 97.30 and the low to beat at 97.095. Of course, all of this happened already, before 5 am pst, the Comex open, the London close, the US Unemployment report, and before China pulls another “we won’t sign” this deal (until?), a very easy thing to see if one simply applies pattern recognition to the subject.

      In Venezuela, Gold’s price is now set at 15,483.62 Bolivar discounting the value by 24.95 Bolivar with Silver now trading at 179.026 Bolivar showing a loss of 0.999 in the overnight. In Argentina, the Peso now has Gold valued at 92,573.69 Peso’s proving a drop of 272.63 overnight with Silver at 1,070.61, subtracting another 5.53 in A-Peso value. In Turkey, Gold’s value is pegged at 9,109.29 Lira proving a loss of 29.47 with Silver still being held down as well with the trade at 105.319 T-Lira, showing a loss of 0.653.

      January Silver Deliveries proved the Resolute(s) needs are still being met with the demand count now at 41 fully paid for contracts waiting for receipts to be filled here, or EFP’d over to London, and with zero Volume posted up on the board so far this morning. In yesterday’s early morning report, we had a Volume of 13 posted, but by the end of the day that Volume jumped to 38, yet the trading range remained so constant it boggles the mind. January 9th Delivery month purchases, and sells, only had one price posted at $17.76, and still they adjusted the closing price at $17.860. The Demand Count increased by 9 proving once again the reasons why we distrust Comex math and its regulatory body which only seems to rubber stamp central bank needs. So, we’re to believe that the entire day’s negative trade activity, kept the continued purchases at one price, all day long? Riiiight!

      Silver’s Overall Open Interest only lost 134 paper contracts during yesterday’s trades (right up to right now) proving the Resolutes are not buying the storyline the media induced as they attempted to gaslight the lie of a starting nuclear war, which failed in spectacular fashion leaving the Overall Open Interest at 234,242 Overnighters in order to keep Silver subdued. Silvers Open Interest is so elevated that we are less than 10,000 more pieces of paper away from making another paper contract high that was made when Trump killed it in 2016. Even Gold’s Open Interest continues to climb with last nights Comex closing tally at 786,392 Overnighters proving the addition of 1,269 more contracts were needed but failed as the Resolutes stay in the trade.

      Comex can add the paper but not the physicals. We support those that are Resoluting against the shorts, who buy the physicals from the supposed last resort, the Comex. Everyone who buys and holds physicals, has a stake in the trade that goes against this papered lie called the Comex Price. This is why we are as constant as the Resolutes, in fact we believe they already won it all. Of course this will be proven when the Open Interest starts to collapse, as the prices spike higher, when the Comex is be forced by law, to supply the physicals, they claim has this fixed value (that Comex created by oversupplying the paper contracts), while the mining sector proves they have slowed their extractions because of this artificial value created by paper and not the physical supply and demands.

      Have a great weekend, hold on tight to the facts, as well as the physicals. Keep the attitudes positive and the smile on your face, as we roll forward into the weekend. As always …

Stay Resolute!

J. Johnson

JeremiahJohnson@cableone.net

Posted by & filed under General Editorial.

Great and Wonderful Thursday Morning Folks,

      Gold got hammered yesterday and last night, after the word “Peace” was used with the trade now at $1,554.60, down $5.80 and recovering from the low at $1,541.00 with the high to beat at $1,562.40. Silver took the bigger hit, because it’s Silver, with the trade at $18.025, down 14.2 cents with its starting recovery at $17.825 with the high to beat at $18.225. The US Dollar, which is still getting support from the federal reserve “repo printing act” is now trading at 97.100, up 10.4 points after reaching up to 97.200 with the low at 96.955. Of course all this was done before 5 am pst, the Comex open, the London close, and only after Gold spiked to new life of contract highs in the EuroCurrency.

      In Venezuela, Gold’s new and temporary buying price is now at 15,526.57 Bolivar showing a drop of 241.70 overnight with Silver now at 180.025 Bolivar, losing 3.895. In Argentina, the Peso now has Gold priced at 92,846.32 proving a 1,503.87 A-Peso reduction with Silver now trading at 1,076.14 giving the buyer a 24.41 A-Peso discount, in what I think may last for a very short period of time. In Turkey, where the Lira controls the trade, Gold is now priced at 9,138.76 showing the reductions at 259.94 T-Lira with Silver dropping 3.645 in T-Lira value with the price at 105.972.

      January Silver’s Delivery Requests are now at 32 fully paid for contracts waiting for receipts and with a Volume of 13 up on the board with a trading range of $17.760 (high/low/last) showing a 32.8 cent loss for the seller but a huge gain for the holder as our Resolute Buyer may still be in need. This proves the Delivery Count increased by 16 contracts during yesterday’s trades. 

      Silver’s Overall Open Interest is where the paper meets the physicals, in a free for all fashion (inside a criminal element arena of play as the DOJ observes) with the total count right now at 234,376 Overnighters proving only a 20-count drop in all paper that controls Silver. In short, yesterday and last night’s activity did very little in attempting to scare out buyers, in fact it seems they didn’t scare anybody, as the Resolute Longs remain. Gold’s Overall Open Interest has leveled off but at the extreme count of 787,584 Overnighters with the new Life of Contract Paper High of 797,110, which was established this past Monday. So, if the price fell but very few Resolutes left the field of play, does that mean a short-term drop?

      We think so and this is the reason why we suggest chartists, who ignore the paper behind the price, may be missing the reason how the market gets controlled. Strict chartist will never know the Open Interest has more “tell” than the price. 

      In the meantime, we wait, as nothing has changed. The repo markets continue to require newly printed cash in order for the centrals to stay in place, at the same time all this paper is being applied behind the price which has remained super-elevated. We’ll continue to support the Resolutes, and the buyers of physical, while the centrals continue to need more printed cash. Enjoy your day, keep the attitudes positive and a smile on your face 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 higher again with the last quote at $1,578.80, up $4.50 after racing to $1,613.30 when the markets reopened last night with the low at $1,575.50. Silver followed a bit, but was the-first-to-not-move, with its last trade at $18.415, up 2.2 cents after reaching $18.895 with the low right here at $18.375. The US Dollar, where most large algos run to when the war drums sound, is barely moving as well yet is trading at 96.89, up 18.02 points and at the high with the low at 96.525. Of course, all this was done before 5 am pst, the Comex open, and the London close, and after Nancy saved us all from a quick Senate acquittal (so says Schumer).

      In Venezuela, Gold is now trading at 15,768.27 Bolivar, giving back the exact amount (114.86) taken during yesterday’s missive with Silver 183.920 Bolivar, gaining 2.996 in value, almost catching up to yesterday’s take. Argentina’s currency now has Gold priced at 94,350.19 A-Peso’s gaining 749.86, slightly more than what was taken previously with Silver at 1,100.55 A-Peso’s, capturing back almost all of that which was removed. Turkey’s Lira, which should be showing much larger upward swings because of its proximity to the staged events of the day, now has Gold priced at 9,398.70 T-Lira, showing a gain of 34.95, which is only half of what was taken with Silver at 109.617 Lira, regaining 1.404 T-Lira, as we wait for it’s value to recover all that was taken since Monday. So, why is Turkey’s currency not showing concern, like the others, after the Iran’s missile launches and that downed airplane in their airspace?

       January Silver Delivery Requests proved a gain during yesterday’s trade regardless of the change they made, during the Comex trading period, adjusting the demand count from 6 to 5. Then our Resolute Buyer came in with a Volume of 33 inside a trading range between $18.29 and $18.015 (opening) with the last trade priced at $18.316 ending with the adjusted close at $18.345. 

      Today’s January Silver Delivery Count sits at 16 fully paid for contracts proving either 17 of these purchases (made yesterday) were given receipts here at the Comex, or sent to London, so they can be sent back here again(?), or 27 contracts were settled and this is what is left to deliver. So far this morning we have a Volume of 5 up on the board with a trading range between $18.505 and $18.245 with the last single lot order at the low price (of course). That 1 lot order is far more valuable than the previous 4 (to those that set the price, not the buyer).

      Silver’s Overall Open Interest now sits at 234,396 Overnighters proving a gain of 115 Obligations inside yesterday’s 21.4 cent move. Commercial Signal Failure signs are here, but so is the idea of a pullback. Apparently, the shorts still refuse to leave their most uncomfortable positions as the market continues to climb. Now that’s confidence oozing out of every pore, since they have a federal reserve back up system in play installing liquidity and during a non-liquidity crisis in Repos. Nope, nothing to worry about here (yet).

      We need common sense to prevail in all things. Prayers are now needed for our soldiers, who are once again in harm’s way, and for peace to prevail. Have your precious metals in hand, keep a positive attitude no matter what, and as always …

Stay Strong!

J. Johnson

JeremiahJohnson@cableone.net

Posted by & filed under General Editorial.

Great and Wonderful Tuesday Morning Folks,

      Struggle as they may, precious metals are here to stay. Why? Because money is not earned by the banks, they simply print it to keep control of everything (for now) with Gold being held in check after yesterday’s little wake up with the trade at $1,567.30, down $1.60 after being knocked down to $1,557.00 with the high so far at $1,572.70. Silver is doing the same, held in place by the Papier-mâché of the markets with its price at $18.115, down 6.4 cents and recovering from the low at $17.975 with the high at $18.255. The US Dollar’s trade now sits at 96.475, up 12.5 points and right by the high at 96.520 with the low at 96.310. Of course, all of this was done while we slept, before 5 am pst, the Comex open, the London close, and still no impeachment papers by Nancy.

      The fiat issues may really be percolating and showing up first in the emerging markets as Silver lost more value in all 3 currencies we watch, than what was gained during yesterday’s rally which set off the algo emergency control mechanism. Maybe the volatility from yesterday has a far broader meaning for those involved in the global currency swaps. Imo, a war with Iran simply isn’t a big enough issue to cause all the (real and fiat) currency swings. Could it be the Iran issue is a head fake? For instance, in Venezuela, Gold’s price now rests at 15,653.41 Bolivar showing a pullback of 114.86 with Silver at 180.924 Bolivar proving a loss of 3.495 (when it gained 2.447 yesterday). In Argentina, Gold’s price is now at 93,600.33, proving a loss of 707.39 A-Peso’s as Silver loses 20.81 (yesterday’s gain was 14.72), with the price now at 1,081.38 A-Pesos. In Turkey, the Lira has Gold’s value at 9,363.75 showing a 71.40 T-Lira drop in value with Silver now at 108.213, it too, losing 2.143 T-Lira (yesterday’s trade was a 1.515 gain). Silver is and will, become more volatile, stay tooned!

      January Silver Delivery Demands now show a count of 6 fully paid for contracts waiting for receipts proving a drop of 78 obligations from yesterday’s trade with the receipts either being given here at the Comex, or sent over to EFP-Island and with a single trade done so far at $18.015 today. Yesterday’s activity in the delivery month was pathetic as only a Volume of 3 was posted with a trading range between $18.105 and $18.025 with an adjusted closing price at $18.097.

      Silver’s Overall Open Interest, which is totally ignored by those that have no clue how it controls the price, continues to tell the story with the total count now at 234,281 Overnighters, proving the short traders added another 498 more positions in order to tell all of us holders how wrong we are about their claimed price value. At the same time Silver’s OI gained, Gold lost a few shorts after Sunday nights little blast into a 7 year high most likely burying a few unprepared firms.

      As of this morning, Iran seems to be nowhere in the news (except Breitbart), but Weinstein is, not only on the west cost but also the east with some very uncomfortable actors waiting to be outted. Then there’s the recently fired war monger Little Johnny Bolton, who claims to have something to tell as the game of obstruct, delay, f**k sh*t up, moves forward by those that are called deep state. This is the time to look for our Resolute Buyer to step in again. If the price takes a hit, he may be right there, ready to buy more as Deutsche Bank, the criminal element, and other issues that surround the Comex crimes, get ignored by media but not the DOJ.

      Enjoy the day, hold on to the real and buy more physical on the dips. As a cavate, none of this is trading advice what so ever, this is all about holding real money, while the fake gets destroyed inside the control mechanism of the criminal element. Keep the attitudes positive, enjoy the day, and as always …

Stay Strong!

J. Johnson

JeremiahJohnson@cableone.net