Posts Categorized: In The News

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Bill Holter’s Commentary

Say it isn’t so?

CROWDSTRIKEGATE: A Massive Deep State Scandal That Will Collapse The Democrat Party
October 17, 2019

“The impeachment hoax was initiated because of Trump’s determination to fully expose CROWDSTRIKEgate.

That radioactive scandal perpetrated by CrowdStrike and the DNC leadership is so dangerous to the Democrat Party they desperately started the impeachment inquiry. Now Trump really wants that epic fraud investigated because his presidency depends upon it.”

— Intelligence Analyst & Former U.S. Military Officer

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Bill Holter’s Commentary

COMEX competition…

China, Russia, BRICS And Now UAE: Everybody Wants A Gold Trading Platform!
October 15, 2019

This article was written by Rory Hall and originally published at The Daily Coin

China started something when they opened the Shanghai Gold Exchange where physical gold is traded to a global market. Russia began trading gold futures on the Moscow Exchange which was followed by China and Russia announcing they would open the BRICS Gold Exchange to assist the other members of the BRICS alliance to acquire more gold. This was followed by India stating they would be pursuing a gold spot exchange market and next up is the United Arab Emirates (UAE) announcing they, too, are going to open a physical gold trading platform. WOW! That’s a lot of physical gold changing hands on a daily, weekly, monthly and yearly basis.

This is all pointing towards what seems to be a likely conclusion – a new gold pricing mechanism that is operated by the Shanghai Gold Exchange instead of COMEX in Chicago and New York or the LBMA in London.

    It seems that slowly and surely, the major gold producing nations of Russia, China and other BRICS nations are becoming tired of the dominance of an international gold price which is determined in a synthetic trading environment which has very little to do with the physical gold market.

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Bill Holter’s Commentary

Detour is gobbled up.

Kirkland Lake Gold To Buy Detour Gold Corp. For $4.9 Billion
November 25, 2019

Nov 25, 2019 (Baystreet.ca via COMTEX) — A big deal has been announced in the gold mining industry.

Canada’s Kirkland Lake Gold Ltd. (KL) as agreed to buy Detour Gold Corp. (DGC) for $4.9 billion, furthering a mergers and acquisition trend in the gold mining sector.

With an all-share deal, Kirkland will take advantage of a record stock price to acquire the company, which operates the Detour Lake mine in northeastern Ontario. The agreement values Detour at $27.50 a share, a 24% premium to the closing price last Friday.

Other big deals to take place in the gold mining sector over the last year include Newmont Mining Corp.’s acquisition of Goldcorp Inc. (NEM) and Barrick Gold Corp.’s (ABX) takeover of Randgold Resources Ltd.

Detour shareholders will receive 0.43 share of Kirkland, according to the statement. After the deal is completed, existing Kirkland shareholders will own 73% of the new company. Kirkland’s stock price has surged in the past three years, climbing more than 800% on soaring profits.

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Bill Holter’s Commentary

Um, we think a gold backed yuan might go a long way to create confidence…but not with gold at current prices?

Second Bank Run In Two Weeks As China’s Banks Are Caught In A Self-Destructive “Doom Loop”
November 26, 2019

Three weeks ago we reported that China’s Henan Yichuan Rural Commercial Bank, just outside the central Chinese city of Luoyang, was the latest small-to-medium Chinese bank to suffer a vicious bank run as long lines of depositors filled out its branches demanding their money, amid a rumor that the bank was going under. The bank was at least the fourth to be on the verge of collapse after recent prior nationalizations of Baoshang Bank ,Bank of Jinzhou, and most recently, China’s Heng Feng Bank.

Now yet another Chinese bank has found itself scrambling to prevent a collapse: Yingkou Coastal Bank was forced to stack bundles of yuan notes high behind the counters of its branches earlier this month, as the northeast China lender fought off a run on deposits while onsite government officials battled rumors of a funding crunch.

As Reuters reports, Yingkou was the latest small bank to have its deposit-reliant funding base undermined by a flash mob of “running” depositors, spooked by the funding crunch that led to the shock state-led rescue of regional lender Baoshang Bank first which in turn prompted a cascade of small bank bailouts.

To avoid an almost instant death, Yingkou had no choice but to engage in what we have hence dubbed a self-destructive “doom loop: to help repair the damage and to keep the deposits from being pulled, the bank hiked its already high deposit interest rates to entice depositors. Alas by doing so, the bank – which can not possibly find investing opportunities to offset the higher deposit rates – has just accelerated its eventual insolvency.

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J. Johnson’s Latest – Silver Trades Lower As We Enter Red Silver Deliveries
November 25, 2019

Great and Wonderful Monday Morning Folks,   

      We start the day off in the usual with Gold being hit in order to take profits from the options and to prove there is no demand (as if the price is the reason) with the trade now at $1,463.90 down $6.60 and right there at the low of $1,463.30 with the high to beat at $1,468.90. Nothing says a free moving market like a super tight trading range inside a commodity where an identified criminal element is allowed to do whatever, huh? Silver is doing the same, but leading this time, as the Silver Signal continues to prove it is a real thing with the trade at $17.00 (March), down 14.7 cents with the low right here at $16.965 and the high at $17.105 done much earlier in the nights trade. The US Dollar is now valued at 98.225, up 4.9 points with the high right there at 98.245 and the low at 98.080. All of this was done before 5 am pst, the Comex open, and the London close.   

      Venezuela’s currency now has Gold priced at 14,620.70 Bolivar, starting the week off with a 125.94 Bolivar loss with Silver at 169.788 down 2.696 in Bolivar value. Argentina’s Peso now has Gold priced at 87,533.91 showing a drop of 657.20 Peso’s over the weekend with Silver at 1,016.52 losing 15.11 Pesos. Over in Europe, the Turkish Lira has Gold valued at 8,401.19 showing a reduction of 23.85 T-Liras with Silver at 97.5615 dropping 0.9827 in T-Lira value.   

      November Silver’s Delivery Demand Count remains stagnated at 6. We also have Zero Volume again and no price range to dictate in this game of paper. The fact is, all of this non activity in deliveries goes back to last Monday as well. Silver’s Overall Open Interest gained more on Friday proving that the paper is the only thing keeping the price in check as 633 more shorts had to be applied to the lie in order to keep Silver at bay with the total count now at 224,294 Overnighters still willing to play and as we roll out of the November deliveries into the biggest delivery month of all – Red Silver!    

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Bill Holter’s Commentary

Why would they do this you ask? Simple, because ANYTHING even resembling the truth “hurts” and snowflakes are so entitled they should be spared ANY such pain called truth!

The Daily Northwestern Apologizes to Students for Reporting News That Triggered Them
November 11, 2019

The Daily Northwestern is the student newspaper of Northwestern University, which is home to the Medill School of Journalism, one of the best regarded journalism schools in the country. Many Medill students work at the paper, reporting on the news.

At least that’s what they used to do. If a recent editorial co-signed by the paper’s top editors is to be believed, The Daily Northwestern will no longer fully report on campus events if the reporting runs the risk of making marginalized students feel unsafe or upset.

This is no exaggeration: Read the editorial if you don’t believe me.

The incident that generated this sniveling, embarrassing apology was a recent visit to campus by former Attorney General Jeff Sessions. Sessions addressed the College Republicans while student activists protested the speech, objecting to the Trump administration’s treatment of immigrants.

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Bill Holter’s Commentary

Why…don’t trust the Brits?

Poland Repatriates 100 Tons Of Gold From Bank Of England Storage

November 25, 2019

Poland brought about 100 tons of gold home from the Bank of England in a bid to demonstrate the strength of nation’s $586 billion economy, central bank Governor Adam Glapinski said.

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Bill Holter’s Commentary

Somehow I don’t think China will be pleased?

U.S. Agency Votes 5-0 To Bar China’s Huawei, ZTE From Government Subsidy Program
November 22, 2019

WASHINGTON (Reuters) – The U.S. Federal Communications Commission (FCC) voted 5-0 Friday to designate China’s Huawei and ZTE as national security risks, barring their U.S. rural carrier customers from tapping an $8.5 billion government fund to purchase equipment.

The U.S. telecommunications regulator also voted to propose requiring those carriers to remove and replace equipment from Huawei Technologies Co Ltd and ZTE Corp (000063.SZ) from existing networks. The move could eliminate a key source of funding for Huawei’s biggest U.S. business – telecoms equipment.

This is the latest in a series of actions by the U.S. government aimed at barring American companies from purchasing Huawei and ZTE equipment. Huawei and ZTE will have 30 days to contest the designation and a final order compelling removal of equipment is not expected until next year at the earliest.

Huawei called the order “unlawful” and asked the FCC “to rethink its profoundly mistaken order.” It argued the FCC’s decision was based “on nothing more than irrational speculation and innuendo.”

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Bill Holter’s Commentary

These goat heads would not have to whine if they reported real news with a non biased delivery for the public to assess and make up their own minds. Instead, they report complete bullshit and “TELL” you what you are supposed to think…!

Shepard Smith Decries ‘Press Vilification’ In First Speech Since Leaving Fox News
November 21, 2019

Former Fox News anchor Shepard Smith railed against authoritarian governments who are making it difficult and dangerous for a free press in his first public words since leaving the network last month.

Smith, a frequent on-air Trump critic during his Fox tenure, urged for press protection in his passionate speech as host of the 2019 International Press Freedom Awards on Thursday in New York City.

“Intimidation and vilification of the press is now a global phenomena,” said Smith, alluding to, but never mentioning, President Donald Trump in his speech. “We don’t have to look far for evidence of that.”

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Bill Holter’s Commentary

Wow! What a concept…investigate the obvious?

Graham Launches Probe Of Bidens, Burisma And Ukraine
November 21, 2019

Senate Judiciary Committee Chairman Lindsey O. Graham sent a letter to Secretary of State Mike Pompeo on Thursday requesting documents related to former vice president Joe Biden and his communications with Ukrainian officials, a step seen as a GOP effort to counter the House impeachment investigation of President Trump.

The inquiry by Graham (R-S.C.) is focused on any calls Biden may have had with Petro Poroshenko, then the Ukrainian president, regarding the firing of the country’s top prosecutor, as well as any that referenced an investigation of Burisma, the Ukrainian natural-gas company that employed Biden’s son Hunter Biden.

Graham’s document request suggests he is seeking to legitimize Trump’s accusations that Biden, then vice president, put pressure on Ukraine to fire its lead prosecutor to protect his son, a claim without evidence that has been disputed by officials familiar with the investigation.

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J. Johnson’s Latest – Silver Options Anomaly, May Still Be An Anomaly!
November 22, 2019

 Great and Wonderful Friday Morning Folks,   

       Gold is trading higher with the February Contract at $1,476.50, up $6 after reaching up to $1,480.30 with the low at $1,470.40. March Silver is following along with its trade at $17.27 up 5.9 cents after a high was reached at $17.355 and a low at $17.18. The US Dollar, which is under the questionable control of a middle of the night Congressionally approved rouge element, is trading at 97.940, up 4.1 points after hitting a high of 97.96 with the low at 97.70. All of this was done before anymore physical Silver was purchased at the Comex, 5 am pst, the Comex open, and the London close.    

       In Venezuela, Gold is now valued at 14,746.54 Bolivar, showing a drop of 9.99 in Bolivar value with Silver at 172.484 proving a gain of 0.499 Bolivars. Argentina’s Peso now has Gold valued at 88,191.11 Pesos proving a gain of 129.60 Pesos per ounce with Silver at 1,031.63, it too gaining 5.30 Pesos in the overnight. The Turkish Lira now has Gold’s value set at 8,425.04 giving those that hold a 15.62 T-Lira gain with Silver at 98.5442 giving the holder a 0.5504 T-Lira gain.   

      November Silver Deliveries have virtually stopped with no additional purchases made all week long, that is if one can believe the numbers Comex spews, I mean posts, with the demand count still stuck at 6 fully paid for contracts waiting for receipts and with no price or trading range to offer so far today. Those Bid and Ask prices in the November Contract sure are something to observe since they get posted and change, all day long, and yet no activity is ever posted in price.    

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Bill Holter’s Commentary

Wow! Even Huffpo was amazed in September! Over 150 federal judges (now 162) appointed to lifetime posts…does the true rule of law have a chance at a comeback? A campaign promise? Is the list of indictments real?

Trump Has Confirmed 150 Lifetime Federal Judges. That’s A Lot.
September 17, 2019

WASHINGTON ― President Donald Trump has been bragging about all the lifetime federal judges he’s gotten confirmed so far. He should! It’s a lot.

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J. Johnson’s Latest – Silver, Gold, And The Dollar Stagnate, As China Plays Delay Game Again!
Great and Wonderful Thursday Morning Folks,

         Gold is lower again, not because of the demands for physical, it’s the increase in paper (Open Interest), with the trade at $1,477.50 (February 2020), down $3.50 with the low at $1,474.70 with the high at $1,482.70. Silver is down 4.1 cents with the March price at $17.22 after dipping down to $17.165 with the high at $17.310. The US Dollar is doing the same, nothing! Its trade sits at 97.685, down 12.9 points and at the low of 97.675 with the high not that far away at 97.825. All of this non-activity happened, after the house and senate sanctioned China, before 5 am pst, the Comex open, and the London close, and maybe just before Trump signs into law, the China Sanctions.

      In Venezuela, Gold’s value sits at 14,756.53 Bolivar, gaining 31.96 in the overnight, and with the monthly rollover (into February) completed with Silver now at 171.985 gaining only 0.05 of a Bolivar. In Argentina, the Peso now has Gold’s price at 88,061.35 showing a gain of 75.22 Pesos with Silver at 1,026.33 down by 1.01 Pesos. In Turkey, February Gold is now trading at 8,409.42 T-Lira showing a gain of 3.69 with Silver now gauged at 97.9938 losing 0.1497 T-Lira’s.

      November Silver Deliveries have virtually stopped! With the demand count still stuck at 6 and with no Volume posted as of yet. With all the daily activities going on and into this week we find it curious and wonder what stopped it all? Silver’s Overall Open Interest is just as stalled as the Demand count with the total now at 222,663 Overnighters proving a gain of 770 more shorts in order to “stay” the price. The Open Interests in both precious metals have gained sharply, one over the past several years and for no reason (except Trump and Brexit), the other happened because a foreign entity found a way to pile on more papered shorts exactly in this period of time in which our options count comes to its end date. Makes one wonder don’t it?

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J. Johnson’s Latest – The Silencing of the Precious Metal Buyers
November 20, 2019

Great and Wonderful Wednesday Morning Folks,   

      Gold is confused at the moment as I observed the quotes before the write up with buyers and sellers pushing their opinions in price with December Gold now unchanged at $1,474.30, after reaching a high of $1,479.20 with a low at $1,472.30. Silver is attempting to signal the short attack, the one the criminal element might be using to trigger an Algomated stampede, with March Silver now trading at $17.215, down 5 cents after reaching up to $17.325 with the low at $17.205. Of note here, we now use the March Silver Contract because the amount of Open Interest leads the futures trade, at least it used to. The US Dollar, the one the President is saying is too high with J. Powell stating the opposite, is trading at 79.895, up 15.3 points and close to its high at 97.925 with the low at 97.730. All of this was done before 5 am pst, the Comex open, and the London close.   

      In Venezuela, Gold is now priced at 14,724.57 Bolivar gaining another 57.93 with Silver at 171.935 showing a gain (which includes the rollover increase) of 1.348 in Bolivar value. In Argentina, Gold is now priced at 87,986.13, proving a gain of 692.65 A-Pesos with Silver at 1,027.34 showing a gain of 12.12 A-Pesos. In Turkey, the Lira has Gold valued at 8,405.77 proving a gain of 9.78 T-Liras with Silver gaining 0.491 with its price at 98.1435 T-Lira.   

      Today’s story line seems to be “The Silencing of the Resolute” buyers in Silver (and by extension Gold) as the Open Interest in the delivery month stagnated at 6 yesterday regardless of all the higher prices being offered. So far today the numbers have yet to change as well. One notable thing here is the Silver and Gold contract rollovers. December Silvers Open Interest fell sharply and the March OI increased. But December Gold’s Open Interest still remains above the February Contract, which will most likely roll over by the close of today. My guess is the algos needed more time to adjust to all those newly created pieces of paper that had to be applied in order to steer Gold’s price lower, but that should clear up today.   

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J. Johnson’s Latest – Silver And Gold Is Controlled Daily With Nothing But Paper Paper Paper!
November 19, 2019

Great and Wonderful Tuesday Morning Folks,   

      We’re continuing to see the effects of the new level of paper controlling rock when it comes to Gold’s price with the trade at $1,468.50, down $3.40 but only after it rallied to $1,475.80 with the low of London at $1,465.10. This can only happen because a new world record high in paper contracts had to be applied to the price in order to control the value with Harvey Organ’s Open Interest watch now at 718,436 Overnighters shorting the market. Silver, who’s paper contracts have done so much damage over the years already, is up 8 cents with the trade at $17.08 but only after it reached $17.16 before the London Paper machine went into overdrive with the low at $16.980. The US Dollar, which has a private group controlling it’s flow, is now trading at 97.695, up 3.2 points and inside another tight trading range between 97.770 and 97.635, All of this happened before 5 am pst, the Comex open, and the end of the London trade.   

      We have nothing but gains in our emerging markets currency watch with Gold, under the Venezuelan Bolivar gaining 114.85 overnight with its price now at 14,666.64 Bolivar with Silver gaining 3.196 with its price at 170.587 Bolivar. In Argentina, Gold is now priced at 87,293.48 Pesos, proving a gain of 498.30 in one night with Silver gaining 16.512 Pesos with its price now at 1,015.22 Pesos. Over in Turkey, where the birds are running scared because of next week, Gold is now priced at 8,395.99 T-Lira proving a gain of 53.13 overnight with Silver gaining 1.6878 Liras with its price at 97.6525 Lira.    

      November Silver’s Delivery Demand Count remains unchanged from yesterday with the total demands for physical still at 6 (5,000-ounce contracts) and once again with no Volume or price to offer as we wait for Mr. Resolute to step in again and mess up a certain Working Groups preset plans for the future. Silver’s Overall Open Interest is still highly elevated (ever since early 2016) and now has an Overall count at 221,272 Obligations proving a drop of 482 positions since yesterday morning’s quote and as Silver reversed and closed up 5 cents. Makes one wonder what the price will be when 20,000 come off the table from the short side? Where will the price of Silver be when the Open Interest is back down to 139,000 …Hmmm?     

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Bill Holter’s Commentary

The ends justify the means? What a shock!

REPORT: 8 States Have More Voters than Residents

November 18, 2019

‘Although the issue has become politicized, the counties and states where voter registrations exceed 100% represent a wide cross-section…’

(Ben Sellers, Liberty Headlines) Concerns of voter fraud, already rampant following recent elections, are likely to become even more prevalent as the 2020 election approaches.

According to pollster and political analyst Scott Rasmussen, eight states currently have more registered voters than voting-age citizens.

The problem may be less nefarious than it seems—many come as the result of voters having died or moved away—paired with negligence on the part of voter registrars to regularly update and maintain their active voter lists.

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J. Johnson’s Latest – Silver’s Option Anomaly, One Week To Go!
November 18, 2019

  Great and Wonderful Monday Morning Folks,   

      The only way the bankers can keep precious metals cheaper is by adding more paper to the game instead of the product with Gold now trading at $1,457.00 down $11.50 and right by that London low of $1,456.60 with the high at $1,470.20. Silver is equal in that there is far more paper to trade than product to deliver with the trade at $16.76 down 18.8 cents with the low, right in the London, at $16.705 and a high to beat at $16.970. The created trade against precious metals called fiat always has a leader in print. At present, it’s called the US Dollar and its trade is also weakened but barely with the current value at 97.825, down 4.6 points after being dipped to 97.74 with the high near by at 97.87. All of this paper trading occurred before 5 am pst, the Comex open, and the London close.   

      Since the Dollar is the primary currency, that has tons of debt instruments with tons more of print to sell against everything physical, it’s influence abroad has kept things static and unwavering in all physical things including precious metals (for now) with the Venezuelan Bolivar pricing Gold at 14,551.79 Bolivar, taking back 79.90 with Silver now at 167.391 losing only 0.549 of a Bolivar. In Argentina, Gold is now priced at 86,795.18 Peso’s showing a loss of 528.06 with Silver now at 998.708 proving another drop of 35.52 in A Peso value, which we consider temporarily removed. In Turkey, Gold is now priced at 8,342.86, as another 76.80 is taken away with Silver now offered at 95.9647 taking a 0.6853 T-Lira hit.    

      The November Silver Deliveries have nothing to offer so far this morning with the Open Interest in the November contract is stuck at 6 fully paid for demands for physical with no Volume to offer so far today, but that sure doesn’t stop the bracketed prices from triggering nothing on my screen. Still our question, why are these spoofing prices still showing up when they are supposed to be illegal, or if they are valid and legal in something, where is the final math equation to settle? The Delivery Months OI number does prove a reduction of 3 in the demand count from Friday as we wait for the buyer(s) to step in again as I still wonder why the sellers of physical NEVER take the higher bids when offered? Is that not what a seller is supposed to do?

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