Posts Categorized: General Editorial

Posted by & filed under General Editorial.

Great and Wonderful Monday Morning Folks,

      Gold is starting the week off in the red with April Gold at $1,584.20, down $2.20 after hardly dipping down to $1,581.80, with the “hardly a high” at $1,586.80. Silver is aiming at the opposite direction, trading in the green with the March contract at $17.77 up 3.6 cents with its high at $17.865 and the low at $17.670. Even our Dollar is in holiday trade mode with the trade held at 99.035, up 3.2 points and close to the high at 99.045 with the low at 98.935. Of course all of this happened already, before 5 am pst, the Comex open, the London close, and after Bloomberg suggested Hillary as a VP runner on the Democratic ticket, which was immediately met with State Farm Cancels Bloomberg’s Life Insurance After Hillary’s VP Announcement. PS, before you send in your rhetorical emails, read the whole thing.

      Even the Emerging Market Currencies are showing the trouble the shorts are in. In Venezuela, their currency now has Gold price at 15,822.20 Bolivar, giving those that bought already a 46.94 gain with Silver at 177.478, showing a gain of 0.899 Bolivar. In Argentina, their Peso price for Gold now sits at 97,246.09 popping in an additional 400.065 A-Peso’s since our Friday report with Silver at 1,090.77 Peso’s showing an additional gain of 6.78. Over in Turkey, Gold’s price is now trading at 9,583.23, showing a gain of 9.26 T-Lira with Silver gaining 0.338 of a Lira with the last trade at 107.498.

      February Silver’s Delivery Demands have not budged since last Thursday with the Open Interest still stuck at 1 and with zero Volume once again up on the board. The Overall Open Interest, however, jumped by 5,406 controlling contracts, proving the shorts are up against the trade bringing the total to 231,131 Overnighters during Friday’s 11+ cent rally. This proves to us the idea of how stuck the shorts are with the count only 13,065 contracts away from making a new all-time paper high. As long as the price is used as a measure and not the papers behind it, people who watch the financial news services will believe things are static, while we (and the DOJ?) watch the movements behind the price.

      February Gold’s Delivery Demands is doing just the opposite of Silver’s with the Demand Count now at 699 fully paid for contracts, proving a reduction of 27 receipts from Friday’s quote and with a Volume of 10 posted up on the board with a trading range between $1,580.00 and $1,579.80, with the last trade at the high. As a side note here, February Deliveries for Gold is a primary delivery month, unlike Silver (March is Ag’s pdm). Gold’s Overall Open Interest gained 13,657 more short contracts on Friday’s gains proving the Overall Count to be at 687,921 Obligations, bringing the score closer to making another HSBC all time “paper contract” high once it passes 798,541 Overnighters.

      It seems Hong Kong is having a “Just In Time” supply issue as basic needs are becoming harder and harder to find with one instance showing a truckload of toilet paper being stolen right off the truck. The entire JIT system is proving to be an issue, and now for all nations, because China is pretty much in a complete shutdown with over 80 cities locked up one way or another. Yesterday’s NYP pointed out a very scary issue with the Diamond Princess cruise ship infection count reaching up to 355 souls. So, from last Monday’s Petri dish thesis to now, the count increased by 220 (above the starting point at 135), more than doubling the count in under a weeks’ time. We feel that this Wednesday release date given by the Japan’s authorities, will be extended, maybe up to and beyond the 24 days China has imposed. Now we see a Supposed 760 million (+/-) people in China are under some type of restriction, and with no real trustworthy data coming from the nation as their system of population control, may prove to be under a complete change, that is if they don’t start immediately saving the lives of their minions.

      We have prepared by becoming our very own warehouse since JIT is failing. We have accumulated over 6 months of foods that we eat normally, in addition all types of hygiene products, along with an additional “bleach in a spray bottle” to squirt down any incoming packages coming from anywhere, and the medicines we need to sit tight for up to a year. Also of note, inside our own personal petri dish, we have not received any of our purchases from China in over 1-1/2 months, that won’t bother us too much since it’s only fishing equipment. I even asked our mail carrier if she knew if packages from China were being shuttered. She said her orders haven’t even shown up either, and it seemed to me she was not telling me all she knew too (they must have discussed this at higher levels). We hope there is a solution, yet we feel it best to be overprepared.

      Keep the attitudes positive, because it really does keep sickness away. Have a smile on your face for all you see, and a prayer in the heart for those infected. Now is not the time to blame, now is the time to prepare and to stay away from traveling and the crowds, until we’re given the “All Clear”. Enjoy President’s Day, and as always …

Stay Strong!

J. Johnson

Posted by & filed under General Editorial.

Great and Wonderful Friday Morning Folks,

      Gold is barely trading higher than it’s close with the price at $1,579.50 up 70 cents and inside a $5 trading range between $1,581.20 and $1,576.00. Silver is leading the rally (barely) with its trade at $17.68 up 6.1 cents after hitting $17.69 with the low at $17.595. The US Dollar finally broke thru and is now at 99.02 up 6.2 points after it reached up to 99.045 with the low at 98.950. Of course, all of this “hardly a trade” happened before 5 am pst, the Comex open, the London close, and after Harvard and Yale, are put under investigation, for not reporting their incoming foreign funds as we wonder what that money was truly sponsoring? Did they too, think she could not lose?

      Gold under the Venezuelan Bolivar is now priced at 15,775.26 proving an increase of 23.97 Bolivar with Silver at 176.579, it too gaining 0.749 of a Bolivar. In Argentina, Gold values sits at 96,845.44 Peso’s proving a gain of 382.90 overnight with Silver adding 7.25 to its value at 1,083.99 A-Peso’s. The Turkish Lira, which we feel is more closely tied to the Euro because of its proximity to that monster print machine, now has Gold valued at 9,573.97 Lira adding 19.27 with Silver at 107.160 it too, adding another 0.499 of a T-Lira.

     February Silver Delivery Demands has dropped from a 10 count to 1 during yesterday’s trades and with no price to offer what so ever, and even after a Volume of 3 was posted up on the board at the end of the trading day. Spread entry or exit, who really knows, with the exception of those that feel bad math is good for investing. The numbers behind the price is proving far more of the problem for the shorts than anything else. In fact, the Open Interest gained another 1,914 more shorts while the price went up 12.2 cents with the total count now at 225,725 Overnighters. The count is still highly elevated and only 18,471 pieces of paper off the all-time Brexit/Trump/Win high.

      February Gold’s Delivery Count now sits at 726 fully paid for contracts waiting for their 100-ounce receipts proving a drop of 150 obligations inside a trading range between $1,574.10 and $1,570.20 with the closing price adjusted higher at $1,575.10. Even though we like the higher close, this still points to the idea that the paper controls the price and not the real purchases. Gold’s Overall Open Interest now sits at 674,264 Overnighters showing an increase of 17,365 more shorts being added, proving our point, that if there really was a limit to how many contracts, in total can be used verses an outside, audited, and confirmed warehoused numbers, prices would be different than they are now, and more than likely, sharply higher. Gold’s Open interest is off the top by 124,277 Obligations.

      Our Petri Dish observation of the infected passengers sequestered on the cruise ship in Yokohama, Japan, has continued to rise. 44 more cases of the illness have been added since the last count bringing the total to 218. The affect of this event has caused the cruise line to cancels 18 future cruises because 30 countries and territories now have the virus and with the way people are stuck in place, most likely future passengers will cancel their plans and simply stay at home. There should be more cancelations coming if this spread continues. Also, of note and inside this report, Sydney, Australia, now has an infected ship to deal with, bringing the infected ship count to 5.

Vietnam is now following China’s lead as “villages” (plural) with 10,000 people or more, close to the nation’s capital, were placed under quarantine on Thursday after six cases of the deadly coronavirus were discovered there. It seems the virus is not slowing down one bit, instead, we see the spread gaining traction. It is truly unfortunate that governments can never be truthful about anything, it would really help here. We expect next week’s “end of the quarantine” which is scheduled for the 19th, to be extended until there really is a count drop.

      We pray to be wrong here, horribly wrong! At the same time, we are not taking things lightly. If the spread does not drop it will increase and with it, more and more travel, shipping, and international trade will be affected, period! What you have is what you are stuck with, we strongly suggest stocking up on things you will need, in order to stay in place. Please offer up a kind thought or prayer to all infected. Have a Happy Valentine’s Day, a wonderful weekend, and a good President’s Day on Monday, keep that smile on your face, and a positive thought in the head no matter what, and as always …

Stay Strong!

Jeremiah Johnson

JeremiahJohnson@cableone.net

Posted by & filed under General Editorial.

Great and Wonderful Thursday Morning Folks,

      Gold is higher in the early morning trade; in fact, it made a new high for the week with the trade at $1,577.10 up $5.50 after reaching $1,581.10 with the low at $1,568.50. Silver is higher as well, yet never allowed to do much more than trade slightly higher, with the price at $17.605 up 10.8 cents after reaching $17.665 with the low at $17.440. The US Dollar keeps being rallied during the day sessions and is now valued at 98.890 down 0.032 points after hitting 98.945 with the low at 98.745. With all the Repo printing going on with the dollar pricings going higher, one would think the Fed Res is signaling us that when this game of print is stopped, so will this fiat rally. All of this of course has happened already, before 5 am pst, the Comex open, the London close, and after a gallop poll claims the Democrats worst nightmare (which they’ve chosen to ignore all this time), that a majority of Americans are saying they’re better off now than in the past elections. My message to the party is, don’t stop spreading your ideas of love for higher taxes and more control over everything. I really think it’s catching on .

      Our emerging markets currency watch is flat to higher in the overnight. In Venezuela, Gold is now priced at 15,751.29 Bolivar, adding back 81.9 with Silver now trading at 175.830 completely unchanged from yesterday. In Argentina, Gold is now valued at 96,462.54 Peso’s proving a gain of 722.08 in the overnight with Silver at 1,076.75 Peso’s regaining 2.14. In Turkey, the Lira has Gold pegged at 9,554.70 providing the holder a gain of 74.11 T-Lira’s with Silver up 0.306 of a Lira at 106.661.

      The February Silver Deliveries doubled in demand during yesterday’s activity with the count now at 10 and with a 1 lot Volume up on the board with another one of those “no price trades” so far today. Silver’s Overall Open Interest is now at 223,811 Overnighters, proving a gain of 1,828 more shorts in order to stay the price, yet barely able to keep the money of the people down 10 cents. The early morning Volume in the March contract is still super low at 25,536 with the OI at 119,613 with a reminder that the March options are coming off the board in 12 more days.

      February Gold’s Delivery Demands now has a post of 876 up on the board and (unlike Silver) it has a trading range for its Volume of 27 between $1,574.10 and $1,570.20 with the last buy/sell at $1,573.40. This proves 102 demands for physicals got a receipt from somewhere, if you’ve been reading me for a while you know no one has any idea what the receipts really mean. In short, your guess is as good as mine. Gold’s Overall Open Interest is now at 656,899 Overnighters showing a “short” exit of 1,057 pieces of paper since yesterday’s early morning count.

      While we wait for more data regarding the airborne Coronavirus, China continues to clamp down hard on the people of Wuhan and it’s mid-level party members controlling the providence; Sudden Militarization Of Wuhan’s P4 Lab Raises New Questions About The Origin Of The Deadly Covid-19 Virus. Inside this report they claim senior Chinese officials were ‘removed’ for “dereliction of duty”. As the media continues to tell us what the officials are saying and doing, other audio is coming out from below giving more details on who/what/why, things have gotten out of control. Like we’ve mentioned in the past, the truth is somewhere in the middle. It may be best to be more concerned now than not, as their idea of telling people to stay in place and away from gatherings, might be a good idea for concerned individuals. Remember, panic does no one any good, remaining calm and using logic helps everyone, including the panicked.

     The markets for now are totally ignoring the idea of a “ Global Just In Time Inventory Challenge”. That may be because the algos are built to remove this natural human emotion, of people moving money around to protect their retirements when events like this occur. That can only be temporary until products are no longer found on the shelves. Until then we wait, being positive no matter what, with a smile on our face, and a prayer for all. Make it a great day no matter what, and as always …

Stay Strong!

J. Johnson

Posted by & filed under General Editorial.

Great and Wonderful Wednesday Morning Folks,

       Gold is not being allowed to rise with the trade at $1,568.90 down $1.20 after hitting a low at $1,564.40 with a high to beat at $1,571.80. Silver is also not allowed to rally and is trading at $17.605 down 7.2 cents yet recovering from a middle of the night low at $17.525 with the high to beat not that far away at $17.650. The US Dollar continues its stratospheric rise with its value pegged at 98.635, up 4.1 points after being pushed up to 98.725 with the low at 98.580. All of this happened already, before 5 am pst, the Comex open, the London close, and after Bill Holter posted last night’s finale “and so it begins”.

      The Emerging Markets Currency Watch should really be showing us some things in the very near future but for now we see the Venezuelan Currency holding Gold’s value at 15,669.39 Bolivar taking another 42.95 away from the price with Silver at 175.830 Bolivar showing another 1.049 in value being removed. In Argentina, the Peso’s price for Gold is now gauged at 95,740.46, proving how strong the push lower is, this time around, with Silver doing the same taking away 3.93 A-Pesos with the price at 1,074.61. In Turkey, Gold’s value is now pegged at 9,480.59 proving a reduction of 7.32 Lira with Silver losing 0.440 with its price now at 106.355 T-Lira.

      February Silver’s Delivery Demands is proving an increase in purchases with the Demand Count now at 5 posted up on the board with no trades done so far since the ICE reopened. This proves an increase of 4 more additional buy orders after a Volume of 7 was posted on the board yesterday that had a trading range between $17.715 and $17.695 with the Comex paper contracts forcing the delivery price to close sharply lower (than any real purchases) at $17.573. A nice and fair close, in the eyes of the commissioned regulators, as we wait to see what the DOJ’s criminal element oversight committee tells us what they think. The Overall Open Interest in Silver still remains elevated but is showing a reduction in count of 1,986 Overnighters leaving the total at 221,983 Obligations and after the entire day of trade only showed a Volume of 67,395 inside the March contracts end of trade quote. As of this morning, and during the ICE session, March Silver’s Volume is at 33,681 showing how low yesterday’s activity was compared to right now. James Mc from LeMetroPoleCafé has shown us over the years that these Volumes have exceeded the Open Interest many many times, as we slowly watch this part of the equation slow to a crawl. This should be considered a “tell” for our future price moves.

      February Gold’s Delivery Demands now offers a count of 978 fully paid for contracts waiting for receipts proving a reduction of 605 contracts that either got receipts here, in London, or was an entry or exit of some sort of spread trade. Who the hell knows what’s going on with these Crap Numbers that Comex gives? This morning’s Volume inside the delivery contract has a post of 17 and with a trading range between $1,565.20 and $1,561.00 with the last purchase at $1,564.20. Gold’s Overall Open Interest now sits at 657,956 Overnighters proving the reduction of 827 paper contracts. 

      And So It Begins, Force Majeure is being applied to the manufacturing sector and to the buyers of commodities over in China. The reason of course, is this Coronavirus, that is being investigated as a manmade concoction, with Harvard Professor Charles Lieber under arrest. What Is Force Majeure? “Force majeure refers to a clause that is included in contracts to remove liability for natural and unavoidable catastrophes that interrupt the expected course of events and restrict participants from fulfilling obligations”. You can obtain more understanding here.

      What we wonder about most is the timeline of events outside the Virus Infection/Death rate, and its spread, which is rumored to have started very early in December and the way HSBC (Hongkong and Shanghai Banking Corporation) came in and added all those additional short contracts in Gold, that flooded the Comex just before the outbreak occurred. GATA confidant Dave Kranzler from Investment Research Dynamics wrote about the issue last November. Timing is everything and the word “coincidence” is sickening to investors, especially when many of us say and think, “there are no coincidences.” The Diamond Princess Cruise Ship is proving an infection count of 174 showing an increase of 39 in count as the NYP plays with the number of people onboard (3,700 from 2,500??). Let us also recall the incubation guessing’s that increased from 2, to 6, to 14, to 24, over the past few weeks, helping to prove the news is still not the news and we are not getting trustworthy data, unless the governments and their mouthpieces are learning the curve as we do.

      It’s hard to remain positive in this environment, but it is healthy to do so, and it makes the smile on our face easy to keep. So, please stay positive and know, that “Chance Prefers The Prepared”, in all things, as we wait for more cancellations via Forced Majeure and the eventual removal of the manipulated shorts from Comex, as always …

Stay Strong!

J. Johnson

Posted by & filed under General Editorial.

Great and Wonderful Tuesday Morning Folks,

      Gold is trading lower in our early morning (USA based) report with the price at $1,573.20, down $6.30 inside another tight trading range between $1,576.40 and $1,569.10. Silver is exactly like Gold, hardly moving, and with almost no trading volume at all, with its trade at $17.71, down 7.1 cents and close to the low of $17.680 with the high at $17.800. The US Dollar is still the go-to currency during our most recent crisis with its value now pegged at 98.705, down 0.009 of a point inside a trading range between 98.805 and 98.685. Of course, all of this happened while we slept, before 5 am pst, the Comex open, the London close, and after another central banker jumped the ship of rats.

      Our Emerging Markets Currency watch is proving a “mix in movements” so far this morning. In Venezuela, Gold is now priced at 15,712.34 Bolivar, shaving 20.97 off the top with Silver at 176.879 reducing its value by 0.449 of a Bolivar. In Argentina, the Peso now has Gold gauged at 95,812.62 Peso’s adding more value as another 196.01 Peso’s was put into its price with Silver at 1,078.54 Peso’s, it too gaining 1.28 in value. The Turkish Lira’s price for Gold now rests at 9,487.91 proving an additional 2.84 in value with Silver at 106.795 Lira, shaving off 0.109 of a T-Lira.

       February Silver’s Delivery Demands are showing a count of 1 proving that single lot order added yesterday was a new trade and showing that yesterday’s 7 count demand for physicals, might have been delivered, here or in London, or that it may have been used as a spread entry/exit. As of this morning, we have another 1 added to the mix under the Volume column and with a price at $17.695. The Overall Open Interest in Comex Silver is now at 223,969 Overnighters, showing only 36 contracts being added during yesterday’s slow trade day. The Open Interest Column has been our focus for years and with that, the Volume as well. Things have sure turn silent within Comex Silver’s trading arena (if we can call it that anymore). The Volume Column is all about the contracts that are traded throughout the day, showing us the control the Algo’s have over the price. Volume is also another way to gauge how the governing bodies get paid as well. They get fees (commissions) when a trade is entered into or exited out of and the Volume is their tally, or said another way, it’s how we can gauge the profits they make watching over all the illegal activities. Now, consider all the commodities that are traded and see the things we do, this system pays them well, to look the other way, as the Algo’s swing against the real trader. As of right now the Volume in the most “liquid” month (March) in Silver is at 18,482 with the OI at 135,533. What happened? Are the algo’s leaving this side of the precious metal’s ratio keeping only Gold controlled?

      February Gold’s Demand Count now has a total of 1,583 fully paid for contracts waiting for receipts and with a Volume of 52 posted up on the board with a trading range between $1,570.90 and $1,565.20 with the last buy at $1,568.30. This proves a reduction of 146 receipts for physicals from yesterday’s numbers and with the yesterday’s closing Volume at 122 replacing all but 24 contracts from Monday’s OI tally. Gold’s Overall Open Interest now rests at 658,783 Overnighters, proving the shorts had to add 3,635 more pieces of paper in order to stay the price. April Gold is the primary traded contract at the Comex, its Open Interest is at 483,687 with a Volume of 94,335 so far this morning. This is slightly lower than the Algo norm yet it helps to show the differences between the 2 manipulated metals and how one is presently not trading like the other.

      The international banking sector has been culling its brokers for years now. As of this morning, another cull occurred this time Italy’s largest bank, UniCredit announced today, it expects to cut 6,000 jobs and close 450 branches in Italy. They expect to reduce their body count by 8,000 position by 2023, those that wish to stay are told to “learn to code”, which means blockchaining everything (by 2023?) is in our future.

      The Diamond Princess Cruise ship has no news updates whatsoever after yesterday missive. The idea of having over 5% infected within 2 weeks helps prove our issue that the Chinese governments tallies are off (way off). Another concerning point is this viral epidemic maybe have started in the beginning of December with some noting a Dec 3rd start date. We’ll wait for more data, but also warn that the prepared mind is a steady one, and a good thing to have, in a crisis.

      Keep the attitudes positive no matter what, have a smile on your face and a prayer for all, and as always …

Stay Strong!

J. Johnson

Posted by & filed under General Editorial.

Great and Wonderful Monday Morning Folks,

        Gold is moving higher in the early morning with the trade at $1,575.30, up $1.90 after reaching $1,580.20 before the control was put in with the low at $1,571.50. Silver is following along with the trade at $17.755 up 6.3 cents after it reached $17.805 with the low at $17.665. The US Dollar is still way elevated with the last quote at 98.510, down 6.1 points and close to the low at 98.49 with the high up at 98.610. Of course, all of this happened already, after the ICE opening (Sunday 3pm pst), before the Comex open, the London close, and after Kyle Bass (imo) unleashed a proper twitter response towards China’s so called “Face Saving Love” it shows towards its own.

      We have nothing but green showing up in the Emerging Markets Currency Watch for the first currencies of mankind. For instance, in Venezuela, Gold is now valued at 15,733.31 Bolivar giving the holder a 57.93 gain over the weekend with Silver at 177.328 Bolivar, showing an increase of 0.399. Argentina’s currency now has Gold trading at 95,616.61 Peso’s, an increase of 523.53 with Silver gaining 3.63 Peso’s with its current price at 1,077.26. In Turkey, Gold’s value is now at 9,485.07 Lira, proving a strong gain of 88.76 with Silver proving a gain of 0.849 T-Lira with the early morning price at 106.904.

      February Silver’s Delivery Demands remain low and steady, that is if you believe what you are seeing, with the demand count now at 7, unchanged from Friday and after a Volume of 6 was posted up on the board Friday without any price. So far this morning there is no activity at all within the delivery system. Silver’s Overall Open Interest now sits at 223,933 Overnighters proving things may not be so comfortable for the shorts as 1,182 pieces of paper Silver left The Comex.

      February Gold’s Delivery requests now sits at 1,729 demands for physical and with a Volume of 44 up on the board with a trading range between $1,573.40 and $1,568.60 with the last trade at $1,571.60. This proves a drop in demand of 333 fully paid for contracts that either got receipts for physicals here, or in London, via the EFP express. Gold’s Overall Open Interest is now at 655,148 Overnighters proving the shorts had to add 2,658 more contracts to steady the trade like it did.

      China’s issues are many. At present they are the largest manufacturer on the planet and the largest in population. The Coronavirus, regardless of where it came from or who’s to blame for its release, now has a supposed total of 80 cities in lockdown and they’re starting to add China’s capital city Beijing to the shutdown mix with outside vehicles and personnel no longer allowed to enter “parts” of the city. There is no question in my mind that the official numbers are highly suspicious, and should be considered untrustworthy. We look for different ways to gauge what the true infection numbers are and with that there seems to be an experiment going on with a cruise ship that is sequestered, and in lockdown. 

The Diamond Princess cruise ship, which is quarantined off the coast of Yokohama, has a total count of 2,500 (?) people onboard with a supposed infection count of 136 after being out and about for 2 weeks. Those onboard are not allowed to leave, as the infection count went from 70 to 136 since they last reported the count proving an increase of 66, almost doubling the last count. The odds of Japan allowing those without the infection to leave the cruise ship is slipping day by day as the infections reached over 5%. The situation for those on board, and for the family members of those stuck in harm’s way, have to be trying to say the least and our prayers go out to all. Those of us who distrust any government stats can view the ships information as the infection unfolds. The cruise ship, in short, has become a petri dish. An enclosed and isolated situation that bears watching as the rest of the planet observes.

      We remain certain, that the creativity of mankind can find ways to contain the situation. At present, the supply system we are all used to, will start to go wonky in short order. Who now is willing to receive any package from China, let alone a cargo ship loaded with containers? Even though this issue is with us, we remain positive and steadfast. The first currencies of mankind should help keep ones purchasing power in order as we expect investors everywhere to start looking for ways to protect the retirements from the onslaught of supply disruptions and the possible wild currency swings. Keep the attitudes positive, a smile on your face, no matter what, and as always …

Stay Strong!

J. Johnson

Posted by & filed under General Editorial.

Great and Wonderful Friday Morning Folks,

What we call the “norm” in precious metals is the idea that both products are not allowed to have any form of follow thru to the upside, only the down, with this morning being no different after yesterday’s low volume and higher price moves with Gold now at $1,569.50, down 50 cents after the trade reached $1,573.60 with the low not as far away as the high at $1,566.20. There cannot be a free moving market without Silver leading the way lower (almost every time) with its trade at $17.715, down 10.3 cents and close to the low at $17.695 with the high up at $17.855. The US Dollar is still being supported in value, even though we and a few other nations, are printing insane amounts money in order to stay in place with its value pegged at 98.48, up 10.4 points and right beside its high of 98.515 with the low at 98.300. Of course all of this was done before 5 am pst, the Comex open, the London close, and after the Treasury responded to the GOP requests for Hunter Biden, Burisma info.

Today’s emerging markets currency watch is flat as can be and on both sides of yesterday’s pricings. In Venezuela, Golds value is now at 15,675.38 adding back 8.99 in Bolivar value with Silver at 176.929 losing 0.399 of a Bolivar. In Argentina, Gold’s value now rests at 95,093.08 Peso’s showing a gain of 96.62 overnight with Silver at 1,073.63 Peso’s a reduction of 0.90 of a Peso. The Turkish Lira’s value for Gold now sits at 9,396.31 showing a gain of 1.3 Lira with Silver at 106.059 proving a loss of 0.282 of a Lira.

February Silver Delivery Demands now has a count of 6 posted up on the board proving a reduction of 5 with no additional purchases done during yesterday’s activity. So far this morning we still see no activity in the delivery system at all. Yesterday’s activity proved an increase in Open Interest showing how Silver would have been priced higher had the paper shorts not been allowed to pile on more control above as the +25% paper over physical target the CFTC has been discussing with the count now at 225,115 Overnighters, proving an increase of 1,373 pieces of paper with questionable backing. Now our next question in regards to the physical warehouse count and the CFTC approved paper supply for Silver; Are the registered and eligible inventory’s combined, or are they separated, when it comes to the +25% allowance of paper? If the answer is combined, they shouldn’t be, and if they are, Hello! Get your physicals out while you can.

February Gold’s Delivery count is now at 2,063 fully paid for contracts waiting for receipts and with a Volume of 105 up on the board with a trading range between $1,567.70 and $1,563.60 with the last trade of course at the low. Gold’s Overall Open Interest now sits at 652,490 Overnighters proving a very slight short paper exodus tallying 338 Obligations.

We keep hearing more and more “restrictions on travel” almost everywhere on the planet due to the Coronavirus. Cruise ships are kept away from the docks as some people onboard have contracted the virus and have already spread the contagion to everyone else onboard. Now we are hearing the rumor; … “For those patients who have been cured, there is a likelihood of a relapse,” Zhan Qingyuan, the director of pneumonia prevention and treatment at the China-Japan Friendship Hospital… Most of China is in a state of dismay because one side says “panic” and the other side (government officials) says “remain calm”, yet the side that says remain calm is now claiming the Whistleblower Dr. that gave the world the warning is not dead from the virus and is sequestering the story. If the good Dr. is alive, why not have him in front of a camera saying so? While the world waits for the “truth in numbers”, we are still seeing the reasons for Boy Scouting in preparation.

Prayers are indeed in order for the world’s population. If the virus is bad enough to cause dock workers in So. Africa to refuse to unload ships from China then one has to question “is this virus airborne alone, or can surfaces also contain and spread the weaponized virus? Then this story came out supporting the very idea of a surface spread. Let’s face it, the Just In Time Delivery System has already taken a hit, supplies will dry up as more and more fears spread action across the globe. Staying in place may be what the world has to deal with.

Also of note, I had forgotten to post the Velocity of Money chart during yesterday’s missive when I wrote … “What’s worse (maybe) is the Velocity of Money, which has made a New All Time Low (since the first quarter of 1959) and while we’re observing the Federal Reserve print machines churning in overdrive at the same time the 2 other most populated nations are doing the same….”

Regardless of all the issues (real or not), have a great weekend, keep that smile on your face and a positive attitude in the head no matter what … and as always …

Stay Strong!

Jeremiah Johnson

JeremiahJohnson@cableone.net

Posted by & filed under General Editorial.

Great and Wonderful Thursday Morning Folks,

      Gold is in the green with the trade at $1,568.60 up $5.80 after hitting a high of $1,571.30 with the low at $1,556.00. Silver is leading the early morning charge with its trade at $17.755 up 15.3 cents with the high at $17.820 and a low at $17.575. The US Dollar’s rally seems to have stalled, for now, with its value pegged at 98.16 up 0.002 after reaching 98.21 with the low, that needs to go, at 98.075. Of course, all of this happened while we slept, before 5 am pst, the Comex open, the London close, and after the predicted minority split in the acquittal of President Trump on 2 counts, and as we proceed to look into the Biden Ukrainian link of deceits involving Deep State actors appointed by a past president.     

      The Emerging markets currency watch is “all in the green” with the Venezuelan Bolivar now pricing Gold at 15,666.39 regaining 108.86 Bolivar with Silver at 177.328 Bolivar putting back 1.748 into the price. Argentina’s Peso now has Gold valued at 94,996.46 putting back more Peso’s into the price than was taken during the previous days write up with Silver now trading at 1,074.53 Peso’s more than doubling the take away from yesterday. Over in Turkey, Gold is valued at 9,395.01 Lira adding back 69.85 with Silver regaining

1.099 T-Lira’s with the price at 106.341. It seems that the uptrend is stronger than the pullbacks, maybe this will lead into the primaries soon enough.

      February Silver Delivery Demands now shows a post of 11 fully paid for contracts with no trades yet suggesting a drop in count of 73 proving nothing. Once again, because Comex math decided to use Common Core Logic as we are lead to believe receipts might have been given here, or sent to London, or it’s simply another ledgering trick inside a criminal element still allowed to steal, even though the banks management is now being looked at as the investigations are expanded. Silver’s Overall Open Interest remains over weighted in paper but that too is starting to show lack of enthusiasm for the shorts with the count at 223,742 Overnighters proving a reduction of 1,538 Obligations offering up the idea that the shorts see more upside pricings instead of returns.

      February Gold’s Delivery Demands now stand at 2,380 fully paid for contracts waiting for receipts and with a Volume of 66 posted up on the board with a trading range between $1,565.50 and $1,551.60 with the last trade at $1,565.30. The delivery count has been reduced by 402 contracts as we undoubtably know these numbers won’t jive either with any other numbers given by Comex. Gold’s Overall Open Interest is now calculated at 653,828 Overnighters showing the shorts removing 1,483 contracts as we wait for more unsettling news from China and its weaponized coronavirus outbreak devastating its population and quite possibly many other nations as well. If this outbreak gets worse, we expect China may shut down its international stock and commodity trading hubs, and as of our early morning report, these exchanges are still producing numbers (Thank God).      

      Accounting practices have been destroyed by computer algos and bad actors to the point that no one below the canopy of criminals in government and banking, knows what the real numbers are. Even the Baltic Dry Index is trying to reach a new low. What’s worse (maybe) is the Velocity of Money, which has made a New All Time Low (since the first quarter of 1959) and while we’re observing the Federal Reserve print machines churning in overdrive at the same time the 2 other most populated nations are doing the same.

      This will end badly for those not prepared for the currency correction of our lifetime. We remain diligent and strong because we think we are prepared as we hold on tight to our beliefs with Silver and Gold in our possession, a smile on our face and a positive attitude in our heads no matter what. We hope you too, are prepared for tomorrow. Hang in there and keep the faith, and as always …

Stay Strong!

J. Johnson