Posts Categorized: General Editorial

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

Posted by & filed under General Editorial.


TORONTO, April 7, 2020, (GLOBE NEWSWIRE) – Tanzanian Gold Corporation’s, (TSX:TNX) (NYSE American:TRX) (the “Company’s”) Board of Directors is pleased to provide an update on its Buckreef Project following the press release of March 17, 2020 that announced the results of the 2019 drilling campaign which more than doubled the estimated Mineral Resource in the Measured + Indicated categories for the Buckreef Shear Zone to 2.3 million contained ounces of gold.

Drilling continues in the Company’s Phase III (Ultra-deep) program that was announced on February 26, 2020.

The Company is today announcing the following additional updates on the Buckreef Project:

1. First Bucket; On April 6 2020 the first bucket was excavated from the Buckreef Open pit, signaling the beginning of mining for ores to be processed by the Company’s new Oxide Plant. Initially topsoil will be removed from the oxide open pit and stored on a sperate topsoil pad. Following removal of the topsoil, oxide ore will be placed in several stockpiles on a separate Run-Of-Mine pad for blending as feed to the Oxide Plant.

2. Cold Commissioning; The Company’s contractor has announced that before the end of the month they plan to initiate cold commissioning of the Oxide Plant. In a cold commissioning test, all the parts of the plant will run but there will not be any ore processed.

3. Conceptual Underground Stope: The Company’s Advisor, SGS Canada Inc., has completed a geotechnical assessment of the Buckreef Deposit at depths below the proposed open pit. The report provides recommendations to guide stope, underground infrastructure, and crown pillar designs. Key recommendations are:

a. A crown pillar with a minimum thickness of 15 m between the open pit and underground workings

b. Unsupported long hole longitudinal stopes have been assessed for widths of 7.5, 10, and 12.5 m for both single and double, 25 m sub-level intervals heights, using Q’ median values. These conceptual or Level 1 underground stope designs will now be advanced to the next level of mine design as the basis for a possible underground operation below the planned Buckreef open pit. This open pit is the basis for the June 26, 2018 43-101 Pre-Feasibility Report.

4. Metallurgical Testing Started on Primary Ore: The Company’s Advisor, SGS Canada Inc, has started testing several large samples at its Lakefield, Ontario, Canada facilities. These samples were collected from holes recently drilled in the area of the Pre-Feasibility Study open pit to collect critical flow sheet and design information for a large plant that will process the primary ore that lies below the oxide ore currently being mined. This large plant will be the basis for the Company’s Final Feasibility 43-101 Report.

States Mr. James E. Sinclair, Executive Chairman of the Company “Following the announcement of a doubling of our highest quality resources we are now well placed to complete our oxide ore project and then proceed to Final Feasibility study as evidenced by today’s updates.” Mr. Sinclair goes on to state that “we still have several drills on the property as our testing of the ultra-deep potential and the possible extension of the Buckreef Shear Zone continues.”

Qualified Person

The Company’s Qualified Person, Mr. Peter Zizhou, has reviewed and approved the contents of this news release. Mr. Zizhou has a Master of Science (Exploration Geology) degree from the University of Zimbabwe (2000) and is a registered professional natural scientist with SACNASP (Reg. No. 400028/08).

Respectfully Submitted,

“James E. Sinclair”

James E. Sinclair

Executive Chairman

For further information, please contact Michael Martin, Investor Relations, via email at, direct line 860-248-0999, or visit the Company website at

The Toronto Stock Exchange and NYSE MKT LLC have not reviewed and do not accept responsibility for the adequacy or accuracy of this release

Cautionary Note to U.S. Investors – The United States Securities and Exchange Commission limits disclosure for U.S. reporting purposes to mineral deposits that a company can economically and legally extract or produce. We use certain terms on this news release, such as “reserves”, “resources”, “geologic resources”, “proven”, “probable”, “measured”, “indicated”, or “inferred” which may not be consistent with the reserve definitions established by the SEC. U.S. Investors are urged to consider closely the disclosure in our SEC filings. You can review and obtain copies of these filings from the SEC’s website at

This news release contains certain forward-looking statements and forward-looking information. All statements, other than statements of historical fact, included herein are forward-looking statements and forward-looking information that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time-to-time with the British Columbia, Alberta and Ontario provincial securities regulatory authorities.

Certain information presented in this release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on numerous assumptions, and involve known and unknown risks, uncertainties and other factors, including risks inherent in mineral exploration and development, which may cause the actual results, performance, or achievements of the Company to be materially different from any projected future results, performance, or achievements expressed or implied by such forward-looking statements. Investors are referred to our description of the risk factors affecting the Company, as contained in our SEC filings, including our annual report on Form 20-F and Registration Statement on Form F-10, as amended, for more information concerning these risks, uncertainties, and other factors.


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Posted by & filed under General Editorial.

Great and Wonderful Monday Morning Folks,

      The week starts off with a positive gain in Gold with the trade at $1,667.60, up $21.10 after reaching $1,673.00 with the low at $1,638.20. The Tag a Long Kid – Silver, is up as well with its trade at $14.790 up 29.6 cents after reaching $14.86 with the low at $14.355. The US Dollar is still above par with the trade at 100.715, registering a gain of 0.038 after hitting a high of 100.945 with the low at 100.535. Of course, all of this happened before 5 am pst, the Comex open, the London close, and after Boris went to the hospital, and just before Japan declares a State of Emergency.

      Everything precious metals is green in the Emerging Markets this morning. In Venezuela, the price for Gold gained 340.57 Bolivar over the weekend with the trade at 16,655.15 with Silver doing the same, adding 1.598 with the trade at 147.715 Bolivar. Argentina’s Peso added 2,583.51 A-Peso’s to the price with the last registered trade at 108,086.37 with Silver now at 958.318 A-Peso’s showing an additional gain of 13.738 since the Friday morning count. Turkey’s Lira is also dropping in value and pushing the prices higher with Gold now at 11,297.62 Lira showing the additional gains of 327.96 with Silver adding 1.8755 T-Lira with the last trade at 100.111.

      April Silver’s Delivery Demands now shows a count of 54 fully paid for contracts proving a drop of 7 from Friday’s count which had a trading range between $14.59 and $14.436 with the last trade showing at $14.55 with the adjusted and fixed close at the low price when no real trades registered below $14.55. So far this morning, we have 1 trade in the Volume column at $14.550 making Friday’s low close nothing but a manipulation of price, not related to any purchase. Silver’s Overall Open Interest fell by 1,430 contracts from Friday’s early morning report, giving us the starting tally of 138,754 Overnighters now in play, as we wait to see what the markets will do without all that controlling paper made to keep the price low when we should already be in 3 digits from the left of the decimal.

      April Gold’s Delivery Demands now stands at 1,905 fully paid for contracts proving 2,182 obligations got settled out on Friday with that day’s trading range between $1,636.00 and $1,619.80 with the last trade at $1,634.20 and the adjusted close at $1,633.70. So far this morning we have a Volume of 393 up on the board with a trading range between $1,655.60 and $1,625.90 with the last trade at the high showing a $21.90 gain so far. Gold’s Overall Open Interest continues to fall as another 6,138 pieces of paper exited the trade, since Friday morning, leaving 484,056 still in play.

      Supposedly the next 2 weeks will be brutal, as warned by the USA Viral Team weeks ago, and as mentioned above, Boris is in the hospital with this life taking biological and after China sold four billion masks to foreign countries since March. Britain purchased millions of masks and test kits making us wonder, are these newly made products, created by someone who just so happens to be a carrier of this virus? Can anything from the CCP be safe or trusted going forward? Let’s face it, this event in our lives is a true financial depression maker, no one can deny this at all.

      Now that we are here, the idea of cash at home is still good, but having stored foods, to carry a family over the time it takes to reboot the global system, may be more important. Leaving everyone with the question, how long will a reboot take, and will it succeed? Food wealth may take the place of immediate cash, with physical Silver and Gold set aside, and away from any third party, till for after the devaluation happens. Which may be in play now, remember Trump knows bankruptcy very well, and at the same time, the Open Interest in precious metals is dropping hard and fast.

      So Keep Positive No Matter What! That smile is by far more contagious, than the bug, because a happy face can be seen at a distance and thru masks and windows. As Always …

Stay Strong!

J. Johnson

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

Posted by & filed under General Editorial.

If any of what we are seeing within our markets is factual and true, then why can no one find and buy real physicals at the Comex prices? As far as getting bars from the Comex Warehouses, we are told it’s still happening but that has to be questionable, at best. Yet the disparities between what is called Comex, the last place on the planet to buy anything in size, is suppose to be the real, then why is there no place here in the USA with product in stock?  

     Buyers across our country cannot find physicals period! If there is an ounce sold, sellers are refusing to accept any deal without a substantial premium to Comex. Both Coasts are showing a $10 spread for Silver. As far as Gold, just add $200 to Comex’s price anywhere and you’ll be close enough to getting that ounce, maybe. Check yourself, most suppliers are out of everything.

      If everywhere one looks to buy physicals yet cannot get it at or near the quoted Comex price, then the lie is at the exchange because they trade the paper, not the physical (ok, the exception maybe 1/10th of 1% of all trades). There are reasons to watch as the Comex corrects; Look at the spreads the arbitragers are going to make money on, when they buy from the Comex. They take the big bars, and have them melted into 1- and 10-ounce bars, then sell them to the retailors because people want the products! The arbitragers maybe about to settle out the differences between the real price and the Comex price, but by then, the prices could be substantially higher. Said another way, Comex is about to correct itself much higher, because that spread between the real price and the Comex is at 43% in Silver and Gold has a 12%+ spread!

      I’ve spoken with Bill to see if he can access anything. The answer in two words, “very limited”. If you cannot locate physical, while this dip is in, you may not be able to get any going forward (until?). All dynamics have changed since the virus. Our economic system is in trouble and so is our debt markets. The point is, this war in price has gone asymmetric, and has made the cash market (street price), The Real Market! COMEX prices have become totally irrelevant. In the absolute extreme, COMEX contracts could go to zero and physical metals could be unobtainable. A reminder of the most recent audios with the boys in the subscriber’s side is a comment Jim had made; “what is a contract worth that cannot perform”?  His answer was zero!

Contact Bill Holter to get a real quote on the real product, and get it in your hands while there is still product to be had.

Stay Strong!

J. Johnson

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

Posted by & filed under General Editorial.

This week’s discussion will be held for subscribers for 24 hours and then released to the public as so many now have questions as to what has happened.      

Posted by & filed under General Editorial.

Great and Wonderful Monday Morning Folks,

      June Gold is still being held in check after the Sunday night rally sent the noble metal to $1,673.60 with the trade now at $1,644.50 down $9.60 after being dipped to $1,635.70 at the start of London’s time. Silver is leading the decline with the May contract at $14.16 down 37.4 cents after being forced down to $13.945 but only after the price rallied to $14.71. The US Dollar is up 55.8 points at 99.095 and close to the high at 99.165 with the low point at 98.395. Of course, all of this happened already before 5 am pst, the Comex open, the London close, and after everything possible was used, in their wallets, to set price against real “In Hand” value.

      In Venezuela, Gold gained 18.97 Bolivar with the trade at 16,424.44, yet Silver is losing with the trade at 141.423 showing a loss of 5.243 Bolivar. Argentina’s Peso has Gold valued at 105,852.00 proving a gain of 532.48 over the weekend with Silver losing 30.21 A-Peso’s with the trade at 911.547. The Turkish Lira has Gold trading at 10,781.64, it too showing the first money gaining 189.57 Lira’s yet taking 1.8385 Lira value from the second with Silver’s last trade at 92.8552 T-Lira.

      April Silver Deliveries will start in earnest on Wednesday with the demand count now at 900 contracts as we wait for the hold outs – to get out – so we can see what numbers will be used to lie the deliveries and with a Volume of 133 up on the board inside a trading range between $14.115 and $13.915 with the last at $14.025. March Silver’s last day of purchasing concluded with a buy total (Volume) of 80, showing the last trade Mr Resolute (what I call the buyers) made as 400,000 ounces swapped hands. Silver’s Overall Open Interest is still dropping and with the noticeable slowing since we are now at the same levels when Silver rallied the last time with the Overall Count losing 434 Overnighters giving the new total of 141,943 Obligations.

      April Gold’s Open Interest is now at 37,408, showing a much larger issue for the sellers of paper, which is obviously not backed with product, as we have to wait for the end of the month to start the deliveries with this mornings Volume at 5,042 happening inside a trading range between $1,652.80 and $1,613.10 with the last price at $1,617.90. Last Friday’s March close-out actually had no buys in Gold at all! That pending order of 3 stood out all day long with no additions, Spooky! Gold’s Overall Open Interest is now at 528,851 showing a slowing down, yet still removing 1,319 Overnighters.

      I ran across this story this morning; the CFTC quietly (allows) the bail out of Capital One as the governing bodies, who authorized the EFP’s of Silver and Gold to London without objections, are now allowing banks to float a loss, instead of liquidating, or forcing them to exit a bad trade, and letting those that are far more responsible the lead. “So what exactly happened? According to a spokesman for the CFTC, the commodities regulator issued a waiver to protect the bank and its energy clients from “undue disruption,” given the unprecedented market conditions over the past month amid the coronavirus outbreak.” It’s remarks like these that should be challenged but no one is allowed to. If everyone in Commodities has the same set of rules, and these overleveraged algo controlled companies cannot react by protecting their own assets with their machines, then why is the CFTC allowing Randolph and Mortimer Duke to stay in their trade and get a bailout? To add to this that same spokesperson claimed; “We have actively encouraged all market participants to identify regulatory relief or other assistance that may be needed to help support robust, orderly and liquid markets in the face of this pandemic…” All this time, I thought the governing bodies where here to assure us all, that the rules that are set, are equal and apply to everyone, NOT to assure liquidity. Liquidity has been the word used for, and by, manipulators as more paper is allowed to cover what is left of the physicals.

      So here we are, with banks getting vouchers instead of clearing losing trades. These are the things we holders of Silver and Gold have been forced to deal with for too long now. In short, we had another Lehman moment that was stopped because a few bad trades would change everything into something out of the controls of Algos. What’s in your Wallet? Has been the subject we’ve been writing and talking about ever since day one. You can’t even find precious metals at these prices anywhere, and we’re to believe a governing body that helped the situation along to where we are right now? Sorry, my wallet doesn’t have the crap they claim is money, I have physicals.

      So, keep that smile on your face and a positive attitude in the head no matter what. We are at the point of change, and it is up to us to move forward. As Always …

Stay Strong!

J. Johnson

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