Posts Categorized: General Editorial

Posted by & filed under General Editorial.

Great and Wonderful Tuesday Morning Folks,

      Gold is being hammered upon with the trade at $1,571.90 down $10.50 after being knocked down to $1,569.10 with the high to beat at $1,584.50. Silver is doing the opposite (ok, not leading Gold lower this time), with the trade up 1 penny at $17.68, recovering from the low at $17.61 with the high to beat at $17.770. The US Dollar may be getting all this support from the printing going on in other nations with the trade now valued at 97.735, up 11 points after it reached 97.81 with the low at 97.635. Of course, all of this happened before 5 am pst, the Comex open, the London close, and as China starts to close down some gambling hubs that do not include the exchanges tied to every other global exchange (keeping watch).

      In Venezuela, Gold’s value now sits at 15,699.35 Bolivar, giving the buyer a 149.85 discount from yesterday’s quote with Silver at 176.579 Bolivar losing 1.248 since yesterday morning. Argentina’s Peso now has Gold’s value pegged at 94,974.24 showing the gains in currency against a 470.76 A-Peso loss in product value with Silver at 1,068.43 Pesos proving a 4.57 loss. The Turkish Lira now has Gold trading at 9,403.36 as it too shaves off 75.23 T-Liras with Silver doing the same, taking away 0.799 in value with the price set at 105.749 Lira.

      February’s Silver Delivery count now sits at 112 contracts waiting for receipts to be delivered between here, the British island, or somewhere in between, and with a Volume of 32 up on the board so far today with no prices or trading range posted. The demand count fell by 9 from yesterday with Monday’s Volume reaching 15 with the trading range unchanged from yesterday’s write up. Silver’s Overall Open Interest continues lower with this mornings count at 228,264 Overnighters proving a reduction of 1,215 Obligations.

      February Gold’s Delivery requests show a count of 3,584 demands proving a reduction of 1,395 receipts during yesterday’s activity with this morning’s trading range between $1,577.70 and $1,563.20 with the last trade, of course, at the low and with a Volume of 56 posted so far this morning. Gold’s Overall Open Interest continues to contract as well with the count now at 675,623 Overnighters proving a reduction of 3,495 paper contracts used to contain the price, as we wait for more data surrounding all things political, financial, airborne, and viral.

Last night’s show didn’t go so well for any of the participants (except Trump) as the computer errors were many, the claims of winning equal to the errors, and now the idea some democrats might want to consider demanding a paper ballot instead of letting computers do the counting with their past few years of accusations that “Russia, Russia, Russia”, is interfering with everything on the internet. Will the party’s friends in media now claim that Russia helped Trump win in Iowa? Waiting for it, or the idea of a total flip, from the “hanging chads” to trusting computers to do the counting because they are accurate “towards” a (de)fault, and now back to paper?. Stay Tooned for more comedy, because the race towards a distant second place during the 2020 election is heating up!

      We’re waiting for more incubation information regarding China’s pandemic and praying they are able to contain it, as the international spread still seems to be gaining momentum. What we want to see is a reduction, which can only occur after a peak. So, keep that smile on your face, a prayer for all, 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 Monday Morning Folks,

     The precious metals algo’s are doing their very best to tell you there is nothing to worry about with Gold trading at $1,583.90 down $4 and recovering after being knocked down to $1,577.70 which occurred only after Gold spiked at the open, reaching $1,598.50, that is before the calming down was applied. Silver is, of course, leading the calming with its trade at $17.805 down 20.7 cents after hitting a low of $17.705 with the opening spiked high at $18.125. The US Dollar is all the rage this morning with its trade up 29.2 points at 97.505, close to the high at 97.550 with the low to beat at 97.230. Of course, all of this happened already before 5 am pst, the Comex open, the London close, the first day of England’s divorce from a very bad union, and the 49ers beating that took place after a rather pathetic Hollywood halftime show with the worst commercials ever.

     Our emerging markets currency watch is producing mostly higher precious metal prices. In Venezuela Gold is trading at 15,819.20 Bolivar proving a gain of 3.99 over the weekend with Silver at 177.827 showing a loss of 0.20 of a Bolivar. In Argentina, the Peso has Gold’s value at 95,445.00 showing the nobel metal gaining 197.47 A-Pesos with Silver trading at 1,073.00 Peso’s, a gain of 0.77. Gold, in Turkey, now costs 9,478.59 Lira showing a gain of 4.78 with Silver at 106.548 Lira, losing 0.099 of a T-Lira since Friday’s early morning post.

      Today is the start of the February Deliveries for precious metals with the demand count for Silver at 121 fully paid for contracts (5,000 ounces each) waiting for receipts and with a Volume of 4 up on the board with a trading range between $17.80 and $17.785 with the last trade, of course, being the lower price giving the Resolute buyer an 18.7 cent discount from Friday’s early morning post. Silver’s Overall Open Interest remains elevated and gained another 228 more shorts to stay the price from Friday with a total count of 229,479 Overnighters, as we wait to find out what else was needed to calm things down at the Comex today.

      February Gold Delivery Demands now stand at 4,979 fully paid for contracts (100 ounces each) waiting for receipts and with a Volume of 770 up on the board with its trading range between $1,593.30 and $1,573.50 with the last trade close to the low at $1,576.50, down $6.40. Gold’s Overall Open Interest now stands at 679,118 Overnighters, down sharply from last month’s life of contract paper high but still highly elevated as we wait for the last bars inside Comex to leave.

China is accusing the US of ‘inciting panic’ over the Coronavirus outbreak that happened in their country, apparently blaming everyone else for exposing how they treat their people, who are posting underground videos that go against the government sanctioned story, and at the same time, supplying more newly printed cash in an Emergency PBOC infusion in “remain calm” fashion. Then its neighbor India, did the same, as it announced a $40 Billion Emergency Fiscal Injection as its economy plunges with the Indian government starting an investigation against China’s Wuhan Institute of Virology. Like we mentioned last week, the truth is somewhere in the middle and hopefully nowhere near the worst-case scenario.

      The Shanghai Exchange did open after the delay and thankfully so too. The “Just In Time Supply System” that the entire planets population is now under, has not been challenged since it was introduced. That is until this virus got out and now, we are hearing two sides of the story and very far apart from each other. One from the leadership, the other from their population stuck in place and forced to live with what is available without the JIT supplies or ways of getting supplies into Wuhan. If it’s really that bad why not do airdrops?

      “Remain Calm” is this morning’s start up story, with both the markets and media pointing the way. Also noted, the global printing never seems to stop. Timing is everything and with that, we’re all given more time to get supplied in case the lie is further from the communist government’s side and not the people forced to stay in place. Keep the attitude’s positive, have smile in place no matter what, and as always …

Stay Strong!

J. Johnson

Posted by & filed under General Editorial.

Great and Wonderful Friday Morning Folks,

       Gold did wonderful during yesterday’s trade, yet before the very restart of the night session, Gold was pushed lower than the Comex close. Comex uses the 10:20 am pst price as a closing number as ICE (International Commodity Exchange) closes much later in the day at 3 pm pst. That being said, Comex’s April Gold CLOSING price was set at $1,589.20, up $13.20 yet ICE’s last trade for yesterday is at $1,578.70 taking the price down $10.50 off the Comex close. So, when the markets reopened for the night trade, people who do not know this trick, would think something negative happened. Now, let’s look at what happened since.

      April Gold is now trading at $1,583.50, down $5.70 from the Comex close yet up from the last trade in the continuing saga of “prices are not manipulated”. The high so far is $1,586.60 with the low at $1,575.00. Silver did the same, closed up strong on Comex, yet brought back down lower after that closing price was posted, when the “after the Comex close” shorts stepped in with March Silver’s price at $17.825, down 16.7 cents from the Comex close yet up ½ penny from the ICE close. All this was done inside a trading range between $17.895 and $17.790. The US Dollar doesn’t seem to suffer like precious metals (since the G7 currencies close at 12pm pst) with its trade down 10.1 points from the close with its high at 97.790 a low of 97.595 with the current price at 97.610. Of course all of this was done already, before 5 am pst, the Comex open, the London close, after Carter Page Sues DNC Over the fake Steele Dossier, the Brexit day of relief, and as we wait to see how many more coronavirus infections were spread out after 5 million Wuhanese flew out to see family before their holiday and, as we wait for more info on their extended market shut down.

      Our emerging markets currency watch on precious metals is split, with Gold’s price in Venezuela now at 15,815.21 Bolivar showing a loss of 19.97 with Silver at 178.027 Bolivar showing a gain of 0.899. In Argentina, Gold’s price is now at 95,257.53 Peso’s proving a loss of 138.39 overnight with Silver at 1,072.23 Peso’s giving those that hold a gain of 5.19. The Turkish Lira has Gold priced at 9,473.81 Lira losing 14.14 over the past 24 hours with Silver at 106.647, a gain of 0.516. 

      February Silver’s First Notice Day is here meaning all speculators have to leave this month’s contract or have 100% of the margin to hold the trade with the count at 221, with a Volume of 1, and no price for that one lot order. Silver’s Overall Open Interest gained 1,118 more shorts to stay the price (were these added after the Comex close?) with the count now at 229,251 Overnighters.

      February Gold’s delivery count is now at 8,191 dropping 25,759 contracts as we wait for Monday’s delivery count and as we consider the changes in Deliveries and Positions Limits recently sent in from above (CFTC). Not surprising, is the example in the letter using all grains and a single sentence regarding precious metals, yet I loved the “silver bullet” descriptor used and, in a way, saying there is more needed to control the manipulation monster within. I would love for this to have a secondary meaning for a certain criminal element currently under investigation.

      The Coronavirus, that came out of nowhere, has issues on many sides, including the reporting of it all. The last time a communist country told the world nothing was wrong, we got Chernobyl. Russia’s Communist party collapsed after that event because everyone in Russia and abroad, all of a sudden, lost absolute faith in their Government and the media reports stating all was well while at the same time a Radioactive Cloud started sweeping across foreign lands. It may not be radioactivity this time, but the leadership is exactly the same. I think it’s safe to consider not only the “official” words, but also the words coming out from below. the people in the mix that are suffering right now because they did not do the Boy Scout Hedge (always be prepared).

      Ironically the Boy Scout Hedge is something we all have discussed in different ways like holding precious metals as the reset may be upon us and to have enough food stored at home to last a few months in case the “Just In Time Delivery System” gets shut down. This is not a gloat post; this is a head’s up for those that are ill prepared and a pat on the back for those that have Boy Scouted their future.

      Please offer up a prayer for those in harms way. It’s proper and human to do so. Please Please Please consider Boy Scouting your future if you haven’t already. Enjoy your weekend, keep a smile on your face and a positive attitude in your 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 has turned sharply higher the day after the January Deliveries closed out with April Gold now at $1,585.50, up $9.50 after reaching $1,588.00 with the low at $1,580.00. To me, Silver is leading this mornings push thru the “fix” with the March contract at $17.735, up 24.8 cents and close to the high at $17.764 with the ridiculous low of $17.52. The US Dollar is still up there in purchasing power with the value pegged at 97.74, down 7.9 points and close to the low at 97.725 with the high at 97.91. Of course, all of this happened already before 5 am pst, the Comex open, the London close, the Brexit exit, and after Russia closes the Great Wall between itself and China, an Italian cruise liner with 6,000 people on board being quarantined, oh yeah, and after the FOMC meeting in which everything they claim, is rosy and wonderful (for those that print and do not earn).

      Our emerging markets currency watch really shows how volatile things get when currency print gets out of hand with Venezuela pricing Gold at 15,835.18 Bolivar, showing a gain of 95.88 overnight with Silver at 177.128 Bolivar regaining 2.596. In Argentina, the Peso has Gold’s value at 95,395.92 proving a gain of 699.40 Peso’s with Silver gaining 16.94 with its new price at 1,067.04 Peso’s. Over in Turkey, Gold’s value now rests at 9,487.95 Lira, gaining back 97.82 with Silver at 106.131 Lira, a regain of 2.017.

      Silver’s Resolute Buyer stepped in on the last day of January Deliveries and added another 13 purchases into the delivery system with the very last single lot order, out of that 13-lot purchase, at the low $17.37 when the other 12 traded higher, up to $17.45. Sure, the order is small, but it adds to the demands that go against the supply. February Silver Deliveries start in earnest on Monday with today’s Open Interest at 235 with a Volume of 16 so far with a trading range at $17.54 (high/low/last) still showing a possible starting order of 1,175,000 ounces of Silver. Not a bad start at all for a cereal month delivery.

      February Gold’s Open Interest is now at 33,950 Obligations proving a reduction of 68,177 Overnighters with another day or two to go in order to remove the trader’s element from the deliveries. The current Gold count leaves a hefty 3,395,000 Ounce starting order in a “delivery” month which is considered the “a dominant” purchase month while cereal months get ignored by most writers (for now).

      Silver’s Overall Open Interest regained 3,751 short positions in order to keep Silver from fully reversing during yesterday’s trade bringing the total now to 228,133 Overnighters willing to stay in the trade. Gold’s Overall Open Interest is now at 697,963 Overnighters showing another reduction of 20,953 Obligations as Gold regained all that was lost in price, amazingly during the Options Expiration and closing out of January’s deliveries.

      This last 3 days have been something else to observe. So much is going on it’s hard to keep up with everything that should have already affected the prices of precious metals, yet here we sit. Waiting, anticipating, and cogitating, on all the manipulating aspects, as the criminal element continues, at the same time it seems the recoveries are shallower, time wise. Maybe it means something this time. The Coronavirus is being touted as “Way Overblown”, then “horribly bad” as the videos are starting to show up that are truly scary! There is truth somewhere in the middle, regardless, right now, it pays to be prepared. As the videos claim, cities with millions of people, are shuttered and without preparations, forcing those that are in harm’s way to stay in harm’s way in order to keep the virus from spreading. Will people be shot at next in order to keep the spread from occurring? I pray for better times, yet am prepared for the worst, as we hope you are prepped as well.

      Prayers are truly in order at the same we keep that smile on our face and a positive attitude in the head, no matter what…Please do the same and as always…

Stay Strong!

Jeremiah Johnson

JeremiahJohnson@cableone.net

Posted by & filed under General Editorial.

Great and Wonderful Wednesday Morning Folks,

     Gold is trading in the positive with the April contract at $1,575.90, up 10 cents after hitting $1,577.40 with the low at $1,567.90. Silver is in the green as well with the March contract at $17.475 up 1.7 cents after hitting $17.515 with the low at $17.280. The US Dollar is also trading in the green with its value pegged at 97.915, up 8 points after hitting 97.955 with the low at 97.760. Of course, all of this already happened before 5 am pst, the Comex open, the London close, and just days away from the Brexit.

      Venezuela’s currency now has Gold’s valued pegged at 15,739.30 Bolivar showing a loss of 21.97 with Silver at 174.532 Bolivar a loss of 4.244 during the overnight. Argentina’s Peso now has Gold priced at 94,696.52 Peso’s proving a pullback of 117.77 with Silver losing 25.42 with its price at 1,050.10 A-Pesos. The Turkish Lira, oddly enough, is showing a gain of 6.42 in Gold’s value with the price at 9,390.13 Lira with Silver at 104.114 Lira pulling back 2.32 more from the previous quote.

      The end of January Silver’s Delivery’s is today with the Demand Count (also known as Open Interest) at 10 posted up on the board after another purchase was made and without price during yesterday’s trade. As of our write up, there is no Volume posted yet as we await the Resolute to step in again (purdy please).

      Silver’s Overall Open Interest now sits at 231,884 Overnighters proving 6,204 short contracts exited the trade after crushing the price in order to take away the “in the money” profits from the Buyers of Calls and after the Silver Signal was given via the Algo System, which was created to make things more efficient (and more hidden) as the emails and phone calls were replaced, as evidenced, given to the CFTC during its 5 year Silver investigation, proving who’s side the governing body is truly on. How much control a criminal element has, should be the focus of the governing bodies, but their ideas of more control over more issues makes the point mute for now.

      Gold’s Overall Open Interest fell by 33,065 Overnighters after yesterday’s options expiration and price crush which brought the new total down to 718,916 Obligations, for the last day of January’s Deliveries. The issue today (besides the final purchases for Jan) and tomorrow, is what is left of the Open Interest in February’s contracts. The total this morning is 102,127 contracts that have to be out by Friday, that is if they do not want to take physical delivery. At present the February OI points to a very heavy demand over 10 million ounces. What we’ve witnessed so far this week is a heavy hand of shorts, forcing the coronavirus fear trade out of the market, to facilitate a theft in value in order to keep the system static.

      The game of paper over physical is still showing itself to be in control. We stand right in the front lines at the Comex, knowing the deliveries will take over the control of paper, when the controllers lose sight of sellers, stupid enough to sell at prices below refining. If there is any doubt in your mind about this, let this interview Chris Marcus had with Keith Neumeyer help remove it: Silver Supply and Demand Positions First Majestic For Great Success.

      Enjoy the day, keep that smile on your face and a positive attitude in the head, no matter what is going on around you, and as always …

Stay Strong! 

J. Johnson

Posted by & filed under General Editorial.

Great and Wonderful Tuesday Morning Folks,

       The money-maker called Options Expiration Day is here with Gold doing what it almost always does on this day, trade lower with the April contract at $1,578.10 down $5.60 and at the low with the high to beat at $1,588.50. Silver has been leading the charge lower, ever since yesterday, giving us “the signal” with its trade at $17.90, down 16.1 cents with the low at $17.87 and the high at $18.115. The US Dollar is still king of the currencies with the trade currently at 97.90, up 13.3 points and the high so far with the low at 97.715. Of course, all this happened already before 5 am pst, the Comex open, the London close, the start of the FOMC meeting, and a whole list of stories surrounding the coronavirus and quite possibly the largest quarantine ever in mankind’s history.

      In Venezuela, Gold’s value dropped a bit with the current price at 15,761.27 Bolivar showing a loss of 118.86 with Silver at 178.776 Bolivar producing a 34.96 loss in value. In Argentina, Gold’s value is at 94,814.29 Peso’s, taking back 556.68 which is only a portion of yesterday’s gains with Silver at 1,075.52 Peso’s taking away 19.92 in value. The Turkish Lira has Gold priced at 9,383.71 Lira, a loss of 72.38 from yesterday’s gains with Silver at 106.434 T-Lira taking back 2.095.

      January Silver Deliveries have all been settled out with absolutely all of the pending orders that were waiting for receipts, getting them and have left the arena of play leaving the Demand Count at Zero this morning and with no Volume either. Not sure if this is an oddity or not, I simply do not recall seeing zeros on Options Expiration Day before. Also, of note, we now have 1 more day of trade before the closeout of the January Cycle with this Friday being the first notice day for the February Deliveries. Will Mr. Resolute show up again today? Let’s face it, the past 4 days of trade brought in over 3 million ounces of demand making things uncomfortable for the shorts who have no choice but to deliver.

      Silver’s Open Interest is still proving our point and at every turn. Where would the price be if it wasn’t for all this paper controlling the price? As of this moment, the Open Interest in Silver is at 238,088 Overnighters proving a gain of 4,652 more short contracts having to be added into the Comex in order to “stay the climb” during Sunday night and yesterday’s viral panic. This leaves the criminal element 6,111 more short contracts before breaking new ground in order to keep things static.

      Gold’s Open Interest is also proving how precarious things are as its Overall Count dropped 36,281 Overnighters during yesterday’s fear trade leaving a total now at 751,981 Obligations proving what can happen when the rats jump ship as the ratio spread starts to wobble and the idea of a supposed unexpected fear surfaces right on time.

      Coronavirus may be a worthy reason for worry, not only health wise, but supply chain wise as well. The viral airborne virus spread supposedly takes 2 weeks before the symptoms become noticeable. The “spread” has already happened several weeks ago with the chance of the virus widening the infected area and all over the world because of the way we travel. What needs to happen now is to see a slowing of the spread and absolute containment. Also, of note, when has anyone trusted what any government has to say, when what comes out of their mouth is “remain calm”? Especially China, and its truth ministry. A Global economic reversal could be around the corner, with frightening results for those who have no preparations.

      We’ll pray for no more deaths, as the markets have no choice but to obey all supply and demand numbers, which have not been doing well at all even with all that Repo-Printing, and as the M2 money supply heads to new low territory.

      Regardless of the events of the day, we remain vigilant and confident. We’ll keep a smile on our face and a positive attitude in our heads no matter what, because we are prepared, hopefully you are too. Stay Resolute and …

Stay Strong

J. Johnson

Posted by & filed under General Editorial.

Great and Wonderful Monday Morning Folks,

      April Gold gapped higher right at the opening, but is now trading at $1,590.00, up $11.80 after hitting $1,594.70 with the low that filled the gap at $1,581.60. Silver gapped and filled as well with the trade now at $18.25 up 13.7 cents (a penny above the open) with its “right at the open” high at $18.375 with the low at $18.145. If there was a currency scare, it would have shown up in the Dollar, and it’s not, with the currency value pegged at 97.720, up 7 points and right by its high at 97.74 with the low to beat at 97.590. Of course, all this already happened, before 5 am pst, the Comex open, the London close, before the end of the months position squaring, the options expiration, and the final days of Brexit (at last).

      Our emerging markets currency watch continues to lead with Gold under the Venezuelan Bolivar now at 15,880.13 proving a gain of 256.63 Bolivar with Silver at 182.272 Bolivar giving those that hold another 4.295 gain in value. In Argentina, Gold is now priced at 95,370.97 A-Pesos showing a gain of 1,511.44 over the weekend with Silver now at 1,095.44 Peso’s adding 26.14 to its value. The Turkish Lira now values Gold at 9,456.09 showing a weekend gain of 163.78 Lira with Silver at 108.529 Lira proving the addition of 2.656 in value.

      January Silver’s Delivery requests jumped quite a bit during Friday’s Comex trading period as the Volume increased from the posted 100 in the early morning write up to 280 confirming how strong the demands for physical are, proving 1,400,000 ounces of physical traded on Friday alone, with a trading range for the last batch between $17.870 and $18.050 with the adjusted closing price at $18.057. As of this morning, January Silver’s Volume is at 2 with no price once again and with a Demand Count of 228 proving that 52 contracts might have gotten settled somewhere in between the open and closing of Comex, then there’s the 103 contracts that were on the board Friday morning that got settled, or traded, or whatever?

      This morning’s Overall Open Interest in Silver is now calculated at 233,436 Overnighters proving the point that Silver would be substantially higher in price, if there were restrictions placed on the Bankers Paper. This proves 2,517 more shorts had to be added in order to stay the price. Silver’s short traders are now only 7,760 positions away from breaking new ground in paper over price.

      Gold’s Overall Open Interest is now calculated at 788,262 Overnighters, proving 11,842 sellers, jumped the rat-infested ship of shorts since Friday’s write up, and just before tomorrow’s Options Expiration Day, then Wednesday’s Last Trading Day for January, ending with Friday’s First Notice Day for February Deliveries. There may be one hell of a punch coming this week to the precious metal’s prices, we’ll sit right here and report it.

      This last week, of the first month of the new year, may be quite telling. We pray the virus scare is contained at the same time the containing of precious metals prices gets removed. Let us keep a positive thought no matter what is going on around us, have that smile ready for everyone you meet, and no matter what, have the convictions of JOB and stay the course, as always…

Stay Strong!

J. Johnson