Posts Categorized: General Editorial

Posted by & filed under General Editorial.

Great and Wonderful Monday Morning Folks,

      Gold is recovering from a British hangover but only after a high of $1,745.80 was reached with the London low at $1,728.80 with the “now” price at $1,734.40, down $1.20. Silver is still trading in the positive, even after hitting the side of my screen to see if the price was stuck, with the trade at $15.50, up 5.5 cents after reaching a high of $15.635 with the London low at $15.410. The US Dollar broke below par with the trade at 99.970, down 46.4 points, recovering from a low at 99.84 with the high start at 100.370. Of course all this happened already, before 5 am pst, the Comex open, the London lows, and after 21+ years of absolute proof that the EuroCurrency has retained only 15% of what it was worth when it was conceived against the price of Gold. I’m quite certain the Euro-leaders are patting themselves on the back for this too.

      In Venezuela, Gold’s price now sits at 17,322.32, showing a 233.7 Bolivar pullback with Silver’s price reduced by 1.249 with its current value at 154.806 Bolivar. Argentina’s Peso now has Gold valued at 115,096.11 Pesos, offering those that delayed their buying a 1,411.80 discount from Friday’s quote with Silver at 1,028.78 Peso’s, a reduction of only 6.64. Turkey’s Lira price for Gold is trading at 12,114.65 showing a 138.56 T-Lira pullback with Silver losing 0.657 Lira with the price set at 108.261.

      April Silver Delivery Demands now sit at 6 fully paid for contracts waiting for receipts and with No Volume up on the board so far this morning. This proves 15 out of 21 demands for physical, were finally fulfilled on Friday even after the Comex Lords of Math posted a Volume of 10 on Friday but gave no price for that 10-lot trade. We are forced to believe this is an exit/entry spread trade because that is what the CME-people tell us it is. As a reminder, we have spoken at length to these people, including real former licensed pit brokers. They all tell us the prices of spread trades are not necessary to post because they only profit off the differences, with my query, “how can anyone have a profit or loss if there is no price to post?” How can I do that in my account?  We always get nothing but crickets from the CME Lords of Common Core. Silver’s Overall Open Interest gained another 805 more short contracts in order to control the price with the count now at 143,893 Overnighters. What a coincidence it is to see the Open Interest always gain on the day the Sellers of Calls need a lower price in order to not pay. Especially since today is that day the sellers of these derivatives, settle out by buying back their sold May Call Options. The day this turns, will be a day to remember.

      April Gold’s Delivery Demands now sit at 203 fully paid for contracts waiting for receipts and with a Volume of 66 up on the board with a trading range between $1,731.90 and $1,720.00 with the last single lot sell order, so far today, at the low. Friday’s final trading range for the delivery month was between $1,744.00 and $1,714.40 with the last registered trade at $1,723.50 yet that famous “adjusted close” was done at the low, as usual, and with a total Volume count at 221. Gold’s Overall Open Interest also gained more shorts in order to keep things under control with the count now at 499,428 Overnighters showing a gain of 472 more shorts, as we wait for tomorrows count to “not show” any manipulations on the Precious Metals Options Expiration Day. Maybe more concerning is the spread between the COMEX spot price and the next few month’s trades, which should be looked at and with suspicion, with April’s discounted price being $1,720.00 with May’s price at $1,724.30, with June’s price way up at $1,735.80 showing a huge spread of $15.80, between the 2 big delivery months. We are now being led to believe that these past 2 months of staying in place, with a large portion of the mining industry being shuttered because of the airborne CCP19, is giving everyone a better deal as the supplies are being dried up. Only in an Algo trading world can this occur, because it goes against all common sense!

     Not only are the precious metals numbers way off kilter, so is the rest of the central banking system, as their print promoters tell everyone they need more cash as the BOJ Launches another round of Unlimited QE, as we see more supertankers off our California coast and as our nations real estate market has had nothing to show with everyone staying in place. Tom Barrack, whose Colony Capital owns $50 billion in a real estate portfolio, used the word “chaos”, but we think the better term would be “Funny you Ask, there’s No Bid”.

     Tomorrow is the last day to buy into the April Delivery system for both Silver and Gold. I’ve always thought that when Mr. Resolute wanted to make a real hard statement, it would be on the last day of delivery of any given month. Yeah, I’m waiting for it, and I would wager the shorts in $40k suites are phinkstering about it too. Alas, Mr. Resolute(s) may want to survive this too, so I guess it depends on your level of continence or is it confidence? Let’s find out what the future holds, so in the meantime, hold on tight to the real. Lose no sleep over being away from the markets while the world rushes into bankruptcy. Keep that smile on your face and a positive attitude in your head no matter what, and as always…

Stay Strong!

Jeremiah Johnson

Posted by & filed under General Editorial.

Great and Wonderful Friday Morning Folks,

      Gold is doing it again, going higher 3 days in a row with June Gold at $1,757.80 up $12.60 and right close to the high at $1,760.20 with the low at $1,742.20. Silver, the red headed step child, is still being dragged along with the July contract at $15.625, up 9.9 cents with the high nearby at $15.655 and the low at $15.440. The US Dollar is still stuck under the support of the algos (not real trading) with the value pegged at 100.430, down 10.5 points after it rallied to 100.975 with the low nearby at 100.375. Of course all this was done, while we slept, before 5 am pst, the Comex open, the London close, and after one of the last surviving Mall Queens prepares for bankruptcy. These closures remind me of the days of Montgomery Wards and Zody’s which were around before the malls showed up, now it’s the malls turn, as we watch online shopping take over everything.

      Venezuelans are now paying 40.95 more Bolivars per ounce for Gold with today’s price at 17,556.03 with Silver buyers being charged less with the price at 156.055 Bolivar as 1.698 got shaved off its value. In Argentina, Golds price gained another 410.18 Peso’s with the trade at 116,507.91 with Silver losing 10.4 in A-Peso value with the price at 1,035.42. The Turks had to add another 60.71 Lira’s to yesterday’s price for Gold in order to buy an ounce with today’s price at 12,253.21 with Silver buyers getting an 0.896 T-Lira discount with the price at 108.918.

      April Silver Delivery Demands now show a post of 21 fully paid for contracts after yesterday’s total Volume reached 21 inside a trading range between $15.665 and $15.43 for the first 20 contracts, with the last single lot buy/sell at $15.36 with the Comex adjusted close at $15.348. So, what are we to believe here? Did those Resolute 23s magically get filled all at once after 5 days of waiting, as this new order got added, or is there more hanky panky behind the numbers and price? As of right now, there is no volume and no price to offer within the delivery system as we wait out the closing of the April Options this coming Monday, then the last trading day for the April delivery cycle hits Tuesday, with the First Notice day for the May contracts arriving on Thursday. The Shorts in Silver had to add another 1,329 more contracts in order to keep Silver from rising any higher yesterday, and in order to set up the futures price crush, once again, for Monday’s Options Expiration. Don’t you worry, just like negative Crude Oil, it’s all about the largest holders of positions and not the masses of traders the regulators cater to. The governing bodies are making sure this theft is legal as they look the other way till their paychecks get stopped, with the total count now at 143,088 Overnighters.

      April Gold Delivery demands now shows a count of 406 fully paid for contracts, proving 140 buy orders finally got receipts after yesterday’s trading range between $1,745.10 and $1,734.00 with the last buy order price at $1,741.40 yet the closing price was adjusted down to $1,733.30. As of right now, today’s Volume shows 67 more contracts got traded out with a singular price of $1,744.00. Gold’s Overall Open Interest gained another 743 short contracts in order to surprise us with Monday’s declines into the Options Expiration with the total count now at 498,956 Overnighter’s still in the trade. After watching this game as long as we have, I’m sure we all hope that one day, Mr. Resolute will step in on Options Expiration Day, and simply load up on the physical buys and bury or blow out the shorts. Wouldn’t that be a hoot?

      This game we are all forced to deal with, has been a challenge to say the very least. We have observed institutional manipulations using Algo’s to control the prices, as the thefts occur in all sectors of commodities and stocks. The game is coming to an end because the Algos and their government employed bodies can no longer hide behind anything, as they allowed physical products to trade into the negative by all the fake products, they claim have value. Nobody with a working brain is going to hold a debt instrument in conditions like these, with no one working, and in fear of not having a job going into the rest of the year. What about the Cattle Rancher or Pig Farmer, or the Soybean, Wheat, Corn farmers after they witnessed Crude Oil going negative? If they are on the wrong side of a futures hedge, they could seriously lose everything because an Invisible Enemy is inside the regulators who are suppose to make sure everything is fair. Not for one side of the trade but for everybody. Imo, it is right here that they have failed our nations investors, but not the companies these regulators came from.

      We even have a guy who claims to have the only computer program, that thinks his computers knows everything about the markets and thinks only he can save the world, and that the elected president should be listening to him because he has a stellar track record with many governments asking for his direction. Of course, his resume is lacking about 10 years of not working, when he was governed into an 8 by 10.

      Holding physical precious metals, with a nice supply of food, toilet paper, and ammo, is still the most comforting. We’re still waiting for the Market Makers to come up with all those negative options below Zero for petroleum, when all they really have to do is sell a Call or sell a Put and get the same outcome if the market goes below zero again, but don’t let that get in the way of their story. In the meantime, have a great weekend, keep that smile on your face with the knowledge that physical Silver and Gold is a hell of a lot safer than leaving your money in the hands of those that have computers that know better than you. Keep that smile on your face and a prayer in the heart and as always ….

Stay Strong!

Jeremiah Johnson

Posted by & filed under General Editorial.

Please note, this article was posted for subscribers Monday morning after suggesting “negative oil” on Saturday’s weekly call.

I made the comment on Saturday’s call, “we had negative interest rates, now we wait for negative oil prices”. I received a few questions because the negative price of anything makes no sense right? Well actually it does. Because demand has dropped so precipitously and production has continued unabated, supply is piling up. In the real world this is a huge problem because the oversupply must be stored somewhere. Oil is now being stored on previously empty tankers because land based storage facilities are overflowing.

It is now estimated that in roughly 30 days there will be no more spare capacity for storage. It will be at this point producers will need to “pay” (as in accept a negative price) for produced oil. Crazy yes but also reality. Beyond the obvious that low (or negative) oil prices will destroy individual companies and thus the entire industry, there are other ramifications more nuclear to the financial and real economic systems.

First, think of the unemployed. The oil patch will be forced to let several hundred thousand workers go…and then of course the ripple effects. But the bigger hit will be the ripples financially. Think of all the debt that will default? The producers themselves will struggle and many will fail. When they fail, payments will also to various areas including and specifically on their debt. Who owns the debt? It is spread far and wide but these bondholders who previously believed they sat on secure assets will find out they are also the big losers.

Another death will be the “petro” dollar. The dollar has been supported from oil revenues being reinvested into Treasuries since 1973. Yes the Fed will step in to replace the demand but this is outright monetization and anyone with half a brain knows where this will end up. In fact, oil nations who previously supported the petrodollar will likely be seen as sellers of US Treasuries just to stay afloat adding more pressure to bond prices and thus interest rates!

$11 oil is not sustainable and will destroy the entire industry if not the entire financial system … but we very well may see negative prices before the anomaly ceases. Negative interest rates and negative oil prices make no sense whatsoever, negative rates have already occurred, negative oil prices are the other shoe to drop.

For those who believe the ESF and PPT can rig all prices all the time, what is happening in oil should show you there are loose ends or unintended consequences not previously thought of. “They” have lost control of the car and have only the gas pedal left as the brakes failed and the steering wheel is unattached. Not that you should forget about everything else but just oil prices alone guarantee massive widespread debt failures/bankruptcies. “Someone” loses and loses huge which spills over in a massive ripple effect. The problem now is that ripples are coming from all directions like a kid just who threw a handful of stones into a pond….Oil is certainly one of the larger more important stones!

Standing watch,

Bill Holter

Holter-Sinclair collaboration

Posted by & filed under General Editorial.

The team discusses May oil closing at NEGATIVE $37.56 per barrel.  Many consequences and ripple effects discussed.  The world has changed, oil action today should have opened your eyes to the fact that anything can happen no matter how unexpected it may “have” seemed.

Posted by & filed under General Editorial.

Great and Wonderful Monday Morning Folks,

         The precious metals are barely moving with June Gold at $1,697.00 down $1.70 after the dip hit a low at $1,685.00 with the high nearby at $1,699.70. Silver, the tag a long kid, continues to be dragged along with its July trade at $15.440, down ½ a penny after hitting a low of $15.325 with the high up at $15.585. The amazing Dollar, that had 2 trillion reasons to drop in value, is still above par with the trade at 100.085, up 24.9 points after its recovery from 99.750 with the high at 100.185. All of this of course, was done before 5 am pst, the Comex open, the London close, and after May Crude Oil dropped another $5.84 with the price at $12.44 per barrel.

      Silver, under the Emerging Markets, seems to be pointing the way again with the Venezuelan Bolivar pricing Gold at 16,948.79, showing a reduction of 82.89 Bolivar since Friday mornings quote, with Silver gaining 0.649 Bolivar with its value pegged at 154.207. Argentina’s Peso now has Gold valued at 111,668.88, showing a 337.61 A-Peso reduction with Silver gaining 6.24 with its price at 1,016.07 Peso’s. Gold, under the Turkish Lira, is bucking the trend with the noble metal gaining 26.10 Lira with its new price at 11,768.06 with Silver gaining 1.180 T-Lira with its price pegged at 107.081.

      April Silver’s Delivery Demands have been completely stagnated with last weeks total Volume reaching 6 with the receipt count still at 23, unchanged from last Wednesday’s total, and still with no Volume up on the board today, leaving us with the adjusted Friday close at $15.237. Silver’s Overall Open Interest, gained another 51 contracts to start off this week’s tally at 141,200 Overnighters waiting for the inevitable increase in price because there is a minimum of 2 trillion reasons for the predicted rise.

      April Gold’s Delivery Demands are doing the exact opposite of Silvers. The receipt requests have been stellar and continues to show more and more Resolute Buyers coming in, even at these prices, with the Demand Count now at 851 fully paid for contracts and with a Volume of 77 up on the board today with a trading range between $1,688.60 and $1,680.00 with the last buy at $1,683.40 down $5.80 from Friday’s close. Last Friday’s trading range was between $1,725.00 and $1,684.90 with the adjusted close at $1,689.20. This proves the increase in receipt requests being too much for the sellers to settle out (on Friday) which caused the demand count to rise by 23 more requests for physicals. I wonder what would happen to the price discoveries, if these requests were forced into receipts the day the buyer puts in his order, instead of allowing the shorts to hold back on the fill like they do? The Overall Open Interest gained another 2,523 giving us a total of 494,030 Overnighters willing to sell with the hopes that these buyers will exit their purchase orders. Good Luck there shorties!

“Volume Liquidity is in tatters. There is no depth to this market”, so says BOA and the market liquidity issues are everywhere! Especially within the commodities as it seems, the algos are looking for the blinking eyes of a trader in fear, but can’t seem to see one because everything is controlled by an algo with no eyes to see. Most will point at Silver and Gold and say “see? … there’s nothing to worry about”. If that was true, then why is China cutting the one and five-year prime rate loans, despite its story claiming a “V-Shaped Recovery”? The other “why” question we have is what will the M2 Velocity of Money look like when they finally add 2 trillion plus reasons, is put into the chart?

      We’ll know more enough, as more and more data comes out and as we all hope and pray, that the world is done with the CCP-19 that has devastated the world’s economy in “one fell swoop”. The worlds governments have regained the religion of borders, and protecting its own. That includes everything we grow and produce, as we are all forced to regroup as we recreate our economies as we reshape the future once again. So, keep the faith, hold Silver and Gold like the Resolutes, and hold on tight to the idea that mankind, regardless of its own stupidity, always seems to find a way out. It is this reason why we …

Stay Strong!

Jeremiah Johnson

Posted by & filed under General Editorial.

Great and Wonderful Sunday Morning Folks,

      Over the past few years, part of my daily writeups have been on 3 emerging market currencies that went into supersonic-print which created the inflated prices of Silver and Gold under those currencies. Friday, after my early morning write up, I started to wonder how bad things have really gotten when it came to the Virus Vs. Print and decided to visit Egon von Greyerz’s website to look over all the currencies that are posted.

     Under my normal watch, I observed the Venezuelan Bolivar had Gold rising 62.34% over the past 30 days and over 4,182.76% in 1 years’ time. The Argentine Peso’s price for Gold rose 17.8% over the last 30 days and 88.96% over the past 18 months, or since July 2019. The Turkish Lira’s value sent Gold up 21.02% over the past 30 days and 49.23% since July 2019. But wait! There’s More!

      The situation here is Gold’s value has risen under ALL the currencies over the past 30 days! Even against the Euro and the US Dollar which are supposed to go against each other … Gold has risen against the print! Whether this is “the print against the product” or “the people of every single nation” are buying, or both at the same time, may no longer matter. The point is, Gold is starting to break free under all the fiats posted. With the markets in absolute turmoil because of this viral strain, gold’s overall performance over these past 30 days, may prove we are about to enter into the run of a lifetime. On average, the currencies show a median of 13 to 15% gains, with very few UNDER these percentages, and the world’s people, under their overprinted fiat economies, are not even working anymore. What happens next is anyone’s guess, but it sure does seem to be the people are starting to catch on.

       Our day may be here, after all these years, as the news moves faster than we can report on it. So, enjoy the rest of your Sunday, and keep the faith. …

Stay Strong!

Jeremiah Johnson

JeremiahJohnson@cableone.net

Posted by & filed under General Editorial.

Great and Wonderful Monday Morning Folks,

     Gold is trading at $1,743.00, down $9.80 after being forced to $1,724.20 with the high nearby at $1,747.70. Silver is leading the decline, like always, with its trade at $15.685 down 36.8 cents after hitting a low of $15.510 with the high up at $15.975. The US Dollar, the most printed and used currency on the planet, refuses to move lower, not because of the print, but because the centrals are supporting the currency in the only way possible, by buying it up on the exchanges (until?), with the trade at 99.455, down 4.9 points after dipping down to 99.110 with the high at 99.615. Of course all this happened already before 5 am pst, the Comex open, the London close, and just before all those stimulus checks hit more American accounts this week.

      In Venezuela, Gold’s value sits at 17,220.45 Bolivar, showing a gain of 206.74 over the extended weekend with Silver at 156.654 proving an increase of 2.447 Bolivar. Argentina’s currency now has Gold’s value pegged at 111,626.97 Peso’s showing a 785.47 gain with Silver adding 10.89 with its value now pegged at 1,015.47 A-Peso’s. The Turkish Lira’s price for Gold continues to gain as well with the value now priced at 11,690.15 Lira showing a gain of 215.71 with Silver gaining 2.38 T-Lira’s with its early morning quote at 106.381.

      April Silver’s Delivery Demands gained 7 more purchases during Thursday’s trade with the count now at 36 fully paid for contracts and with no trades up on the board so far today. Thursday’s Volume reached 15 with a trading range between $15.865 and $15.140 with the last 5 lot purchase at $15.865 along with the adjusted close at $15.995. Thursday proved to be more than the writers could control as the Open Interest proved a gain of 1,301 more sold contracts, which had to be added in order to keep Silver from breaking $16 with the total count now at 140,139 Overnighters still in the trade as we wait for what we know will happen when that last bar leaves the Comex.

      April Gold’s Delivery Demands now sit at 1,237 fully paid for contracts and with a Volume of 54 up on the board so far this morning with a trading range between $1,722.00 and $1,710.70 with the last trade at $1,713.90. Thursday, we witnessed a final count in the Volume column at 825 with a trading range between $1,732.50 and $1,662.70 with the last purchase at $1,715.50 with a much higher adjusted close at $1,736.20. Thursday’s trades raised the April physical demand count by 426 contracts. This is an amazing level of purchase and while the markets remain controlled. Gold’s deliveries were so strong that another 11,503 short contracts had to be added in order to control the price making our Overall Open Interest count now at 491,133 Overnighters as we wait for Mr. Resolute to step in again while the prices are consistently maintained.

      Deutsche Bank macro head, George Saravelos, is now complaining about the markets with the same old “there is no such thing as a free market anymore” after years of manipulating our precious metals, and our Treasuries, and as we witness more and more nefarious activity coming out as we wait for 2 trillion reasons (plus a lot more) to come into play, and as the G20 group is nearing a critical “action plan” to freeze debt servicing payments. Delaying the emerging markets won’t do a damn thing but cause more disruptions as those that only see more printing as the cure, continue to follow what they were taught totally missing our arguments that more print solves nothing. Virus Hysteria has already added $10 Trillion to our National Debt now making us the 21st century Weimar, as we wait for the hyperinflation to come next.

      We remain focused, because the world’s central players are mucking up everything in order to stay in place. The demands for physicals are picking up and will in time cause the breakout as more and more information becomes confirmable and as the centrals lose out because the debt is totally uncollectable, which in turn should bankrupt many centrals. So, hang in there, keep the faith, and hold on tight to the real. It is what keeps us grounded while everything else is in a whirlwind! As Always …

Stay Strong!

Jeremiah Johnson

JeremiahJohnson@cableone.net