Posts Categorized: In The News

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When This Change Occurs, Watch Out Above!
May 7, 2019

Great and Wonderful Tuesday Morning Folks,   

      Our Tuesday morning start up shows us Britain’s complete disdain for the precious metals with Gold trading at $1,281.40, down $2.40 and as usual, right there were the low is at $1,281 with the high at $1,284.90 in what can only be called a super tight trading range for the oldest currency in the world. Silver, the money of the masses, is trading at its low at $14.82, down 10.7 cents with the high at $14.955. If it’s all about our Dollar boy are we in trouble with the value pegged at 97.325 up only 5.7 points with its high at 97.345 and the low of 97.135, all of this is done way before 5 am pst and our Comex open.     

      The Emerging market crisis that has fully engulfed a few nations now shows Gold priced under the Venezuelan Bolivar at 12,797.98, losing 6 Bolivar overnight with Silver at 148.015 Bolivar down .399. Argentina’s Peso Crisis now has the Nobel metal at 57,224.13, a gain of some 193.57 A-Peso overnight with Silver now at 661.830, gaining another .84 A-Peso’s from the previous days quote.     

      The May Silver delivery count carries on with the total demands now at 621 waiting for receipts and with a Volume of 34 up on the board so far this morning. Yesterday’s total volume reached 79 inside the 19.5 cent price swing between the high and the low helping to prove the point that everything after the spot month is used to circumvent real price discovery which is now reversed and controlled by the back months instead of the front months dictations. Suppression proof is all in the Open Interest with the totals now at 200,248 Overnighters as 2,054 obligations exited the trade. We believe the day will come when the central bank system will be forced to reduce the amount of paper it uses inside the entire Commodity Sector. Paper should never be allowed to direct the prices, buyers and sellers of the physicals should lead, not follow. When this change occurs … Watch Out Above!   

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Bill Holter’s Commentary

SURPRISE!!! Only an idiot didn’t figure this out the first day Alexa hit the market…suckers!

Alexa Has Been Eavesdropping On You This Whole Time

May 6, 2019

Would you let a stranger eavesdrop in your home and keep the recordings? For most people, the answer is, “Are you crazy?”

Yet that’s essentially what Amazon has been doing to millions of us with its assistant Alexa in microphone-equipped Echo speakers. And it’s hardly alone: Bugging our homes is Silicon Valley’s next frontier.

Many smart-speaker owners don’t realize it, but Amazon keeps a copy of everything Alexa records after it hears its name. Apple’s Siri, and until recently Google’s Assistant, by default also keep recordings to help train their artificial intelligences.

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Bill Holter’s Commentary

Quite funny but really unimportant because they won’t be able to take their money “where” they are going, nor to the stops along the way to their final destination!

Tickets To See The Clintons Offered For Less Than $10
May 6, 2019


Tickets for the last stop on Bill and Hillary Clinton’s 13-city speaking tour are selling for less than $10 on the secondary market.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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Apparently Steemit is refusing to post JJ’s article today, it may continue …

Red Across The Board With Paper Over Rock (Ag/Au)

Good Monday Morning Folks,

    We start our week off with a mixing of numbers with Gold still trading higher but barely with the price at $1,282 up 70 cents and close to the low of $1,281.30 with the high at $1,287.40. July Silver has been kept down ever since it opened with the trade now at $14.86 down 11.8 cents with the low right there at $14.85 with the high at $14.99, once again the Maginot Line in price is kept in place as we see physical deliveries continue to drain supplies but not in paper. The US Dollar is simply there today with the trade’s value at 97.335, up 7.5 points with the high at 97.38 and the low at 97.225. Of course all this happened while the US was not trading, before 5 am pst, and a few hours before the London close.

    Gold’s price under the volatility of the Venezuelan Bolivar is now priced at 12,803.98, gaining another 48.94 Bolivar over the weekend with Silver at 148.414 Bolivar, gaining 1.897. Argentina’s Peso has Gold price at 57,030.56, losing some 128.93 A-Pesos from that monstrous gain on Friday with Silver now at 660.983.

     The Physical Deliveries in May Silver still show 1,011 demands for product with a Volume of 21 posted up on the board so far this morning. The very first purchase of the week in the May contract was done almost immediately when the markets opened on Sunday night with that price filled at $14.92 with only 2 prices showing up on May’s order board, the last price is at $14.81 (proven in the tick chart). With the demands still showing up at COMEX and the physicals continuing to dry up (in Mexico) things couldn’t be more interesting than they are right now. As of this morning, Silver’s Overall Paper Count now stands at 202,302 Overnighters holding on as the shorts had to add more positions in order to keep Silver from breaking thru that Maginot Line and closing higher than it did on Friday.

   Mexico has one of the largest deposits of Silver anywhere on the planet and less of it is coming out after Newmont-Goldcorp merger was finalized, “The Penasquito Mine, which produced more than a 500,000 ounces of gold and 25 million ounces of silver in a single year, has been dealing with a blockade of its operations since March 27th”. It’s all about the water as Steve St. Angelo points out “the real problem at Penasquito comes down the massive amount of water it consumes to process the enormous amount of ore it mines”. How much longer will the shutdown last and what is the damage to the central banks delivery system with their manipulated prices vs. the demands of life, when both need water which is in limited supply?

    Sunday night’s starting trades has put some “red across the global boards” as the media talks about Trump Tweets being the cause (blaming the messenger and not the message) as Trump keeps his promise about the delay game in negotiations between the 2 largest economies. If the delay game is being played, it will hurt the delayer with more Tariffs being added and that is exactly what Trump Tweeted and exactly what China attempted. China delayed and now will pay, it is as simple as that. The next level of Tariffs is on at the same time a shortage of physicals in precious metals is weakening the stance of paper over rock as the central planners claimed they were not prepared, bullshit! They knew all this, which is why we have so much paper covering rock.

    Nothing has changed our views about anything these days, which is why we still hold on to the physicals as the paper game continues to its end. So hang on tight, keep a positive thought in the brain basket, and a smile on the face, and as always …

Stay Strong!

Jeremiah J.

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Bill Holter’s Commentary

In case Warren wants to know, his “weapons of financial mass destruction” (derivatives) are the smoke and mirrors behind it all!

Warren Buffett Says No Textbook Could Have Predicted The Strange Economy We Have Today
May 3, 2019

OMAHA, Neb. — The current economic environment is one that no one could have seen coming, Warren Buffett said.

In an CNBC interview that aired Friday, Buffett noted that unemployment is at generation lows, yet inflation and interest rates are not rising. While at the same time the U.S. government continues to spend more money than it takes in.

“No economics textbook I know that was written in the first couple of thousand years that discussed even the possibility that you could have this sort of situation continue and have all variables stay more or less the same,” Buffett told CNBC’s Becky Quick on Thursday ahead of the annual Berkshire Hathaway shareholders meeting in Omaha on Saturday.

The Labor Department said Friday the unemployment rate fell to 3.6% in April, the lowest since 1969. However, inflation was up just 1.6% on a year-over-year basis in March. That’s well below the Federal Reserve’s 2% inflation target. The overnight interest rate is also below historical levels despite four rate hikes in 2018. The central bank, at its meeting this week, kept rates unchanged at a target range of 2.25% to 2.50%

These conditions are not sustainable for the long term, Buffett said.

“I don’t think our present conditions can exist in terms of fiscal and monetary policy and various other elements across the political landscape,” he said. “I think it will change, I don’t know when, or to what degree. But I don’t think this can be done without leading to other things.”

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Euro Elections, The Yellow Jacket Memories, + A Dead Deutsche
May 3, 2019

 Good Friday Morning Folks,   

        We start the early morning precious metals report with Gold flat at $1,277.10, down 70 cents inside a $3.50 trading range between the high at $1,279.60 and the low at $1,276.10. Silver is leading so far with its value at $14.67, up 5.3 cents inside another super tight range between $14.68 and $14.60. The US Dollar is trading higher at 97.755, up 16.9 points and closer to the high at 97.79 with the low down at 97.54. As usual, all of this non-activity is done way before America wakes and the Comex Open.   

       Our Emerging Market Currency watch shows the Venezuelan Bolivar pricing Gold at 12,755.04 regaining some 38.95 in Bolivar value with Silver now at 146.517 Bolivar, losing another .149 in value, but should start to rise in the very near future. Argentina’s Peso now has Gold priced at 57,159.49 making this an 838.03 Peso regain as we await the days we see this type of activity to arise in all the primary currencies. Please remember the Venezuelan Bolivar has had a huge collapse in value, then 4 zeros were lopped off, left of the decimal, supposedly adding more value to their paper contracts called fiat. Argentina has yet to do this but it is well within their abilities to do so since Venezuela did it first.   

        The May Silver Comex Deliveries are really adding some intrigue with the demands for physical still at 1,011 obligations waiting for receipts and with a Volume of 13 up on the board so far this morning. We don’t have the totals for yesterday’s delivery receipt count yet, so we can’t really say how many of those contracts actually stood for delivery until Harvey gets his stats (we trust his abilities period!). What we do know so far is only 112 obligations dropped off the May Count during yesterday’s large volume movement with very little change on the OI count. Silvers Overall Open Interest continues to gain with the total now at 202,504 Overnighters proving another 898 contracts had to be added into the mix in order to stay the price.  

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Everything is Literally Backwards “1984” Style
May 2, 2019

Good Thursday Morning Folks,  

     The beatings in Gold carry on, but only because of the centrally planned manipulations ordained by those governing bodies that are supposed to protect us from market monopolies (not of their own creation) as the BS continues, with Gold down $11 at $1,273.20 with the low at $1,271.30 after starting at the high at $1,279.40. A big thank you is coming from the few COMEX buyers who see the only answer to the short game is to take away the manipulators ball during the COMEX play time (physical deliveries). Silver is faring better (for now) with the trade down only 4.4 cents at $14.685 with the low at $14.625 after the late night high of $14.72 started everything off. The US Dollar is barely moving even after yesterday’s wait and see report from the FOMC with the Dollars trade at 97.37, down 4 points with the low at 97.255 and the high at 97.435. Of course all this is done by foreign entities until our trading system kicks in and does nothing the rest of the day.    

     Venezuela’s violence between factions and the markets reactions are not working like they used to, or should, with Gold now priced at 12,716.09 dropping 109.86 in Bolivar value with Silver losing 2.248 Bolivar overnight with the price at 146.666. The Argentine Peso now has gold priced at 56,321.46, a 537.99 A-Peso loss with Silver being pushed down to 649.662, losing 10.425 Pesos overnight taking back some of those huge gains made last week when Silver went to 692.13. It seems the markets are saying Riots and Violence are bad for Silver and Gold pricings. WTF are Algos doing? Everything is literally backwards 1984 style.    

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The Working Western Nations Currency Screen Saver, And The Mouse (Of Life)
May 1, 2019

Good Hump Day Morning Folks,    

     With the FOMC data coming out today, one has to expect the precious metals to trade lower, and they are with Gold at $1,284.20 down $1.50 with the low at $1,279.20 and a high at $1,285.50. The Tag-A-Long Kid (Ag) is trading at $14.91 down 7.1 cents with the low at $14.875 and the high to beat at $14.985. The US Dollar is barely moving with the value pegged at 97.105, down 9.6 points and close to the low at 97.065 with the high at 97.27. All this non activity was done way before 5 am pst, and the Comex Open.    

     The violence in Venezuela seems to be having the opposite effect on Gold (for now) with the Bolivar pricing Gold at 12,825.95 losing 34.95 Bolivar with Silver’s trade at 148.914 losing 1.198 Bolivar overnight. Argentina’s Peso now has Gold priced at 56,859.45 losing 242.68 Peso’s with Silver losing 6.373 A-Pesos with the price at 660.087. Apparently a coup attempt is not as important as our FOMC data.  

     The Silver Deliveries for the month of May are on with the early morning count now at 2,224 demands for physical still up on the board. That totals 11,220,000 Troy Ounces with a Volume of 104 posted on the board so far this morning. The Overall Open Interest in Silver continues to lighten up with the count now at 197,060 Overnighters losing another 1,291 obligations during yesterday’s trade. One day these Algos will break. Why? Because they all are based on preset rules made by people. Clif High posted this one sentence in response to the shutdown of people like James Wood on Twitter, but it matters far more (imo) when it comes to the fixed prices of Comex; “All algos operate from a rule base. Step outside the rules & algo breaks. Secret = no rules in (real) life”.  

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Bill Holter’s Commentary

Here is some stark math for you!

Endgame: Starting In 2024, All US Debt Issuance Will Be Used To Pay For Interest On Debt
May 1, 2019

While it is common knowledge that the US budget deficit is soaring even though the US economy is allegedly growing at a brisk, mid-2% pace, resulting in recurring bond trader nightmares about funding the growing twin US deficits (Budget and Current Account), what few people know is the increasingly ominous composition of this budget deficit.

As we first pointed out one month ago, when looking at the US ‘income statement’, most concerning by far is that for the first four months of fiscal year 2019, interest payments on the U.S. national debt hit $221 billion, 9% more than in the same five-month period last year, with the rate of increase breathtaking (see chart below). As a reminder, according to the Treasury’s conservative budget estimates, interest on the U.S. public debt is on track to reach a record $591 billion this fiscal year, more than the entire budget deficit in FY 2014 ($483 BN) or FY 2015 ($439 BN), and equates to almost 3% of estimated GDP, the highest percentage since 2011.

 

 

 

 

 

 

 

 

 

 

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Bart Chilton, The Silver Martyr, Spelled Out In Detail The Criminality Within The CFTC
April 30, 2019

Great and Wonderful Tuesday Morning Folks,  

     Turn around Tuesday has started off right with Gold at $1,287.70, up $6.30 and close to the high at $1,288.20 with a low at $1,281.50. Silver is still following with its value pegged at $15.03 (July) up 9.7 cents with the high only ½ a penny away and a low at $14.94. The US Dollar seems to be dropping more than the metals are rising with the global currency of choice now at 97.29, down 29.1 points with the low right there at 97.28 and the high at 97.625. All this of course is done without the view of the American public, way before 5 am pst, the Comex open, and the London close.  

     Our emerging market currency watch continues to show the volatility we expect in the majors with the Venezuelan Bolivar now pricing Gold at 12,860.90 gaining 46.94 Bolivar with Silver at 150.112 gaining only .299 in the last day’s moves. In Argentina, the Peso’s wild swings now has Gold pegged at 57,102.13, losing 1,777.09 A-Pesos with Silver at 666.460 dropping off 21.849 in value. Get used to these price swings, that’s why we post them.  

     The May Deliveries in Silver start today with the first count posting 4,203 Demands for Physical, as 29,023 positions were removed yesterday and at the very last moments. The Volume posted this morning shows 185 contracts traded so far with a 32 lot buy order at 14.93 waiting to get filled as we wait and watch for the physical draining to force the prices higher. Silver’s Overall Open Interest took a big hit with the total count now at 198,351 Obligations as 14,592 overnighters jumped ship while the price refused to move during yesterday’s Comex sleep.  

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Standing Against The Machine, and now RIP, Mr. Bart Chilton
April 29, 2019

Good Monday Morning Folks,   

      Gold continues to trade lower under the control of the banking system with the price now at $1,283, down $5.80 and of course at the low of $1,281.80 with the high at $1,289.10. Silver is following with the trade at $15, down 8.3 cents with the low right there at $14.99 and the high at $15.115. The US Dollar is flat to higher with the value pegged at 97.78, up 5.4 points with the high right there as usual at 97.80 and the low down at 97.665. All this of course was done while we sleep, way before the 5 am PST, and the London close.    

      Venezuela’s Bolivar now has Gold pegged at 12,813.96, a 1 Bolivar gain with Silver’s price at 149.813, down .349 Bolivar in what seems to be the quietest of trading periods under the beaten down emerging currency. Another (so called) emerging currency under stress now has Gold priced at 58,879.22 Argentine Pesos, a gain of 1,071.85 over the weekend. This is Ginormous as one calculates a single 100 ounce contract trade!! Silver under the same conditions is now at 688.309, gaining 10.845 A-Pesos (have fun calculating the return under a 5,000 ounce contract) in another big price jump.    

      April deliveries have already been completed with today being a day of position squaring as we wait for tomorrow’s delivery numbers to start off the demand cycle for one of the leading delivery months out there with its count now at 33,226 contracts still in play with a volume of 6,195 up on the board so far this morning. Even if we reduce the count by the full Volume number, we still have a 135,155,000 ounces standing for delivery. This will not do as far as the banks are concerned, but for those that hold the physical? Let us see what happens next? It seems the Overall Open Interest is continuing to trek lower with the early morning and unverifiable count now at 212,943, proving a loss of 1,175 Overnighters as we wait for what we all know will happen soon enough.   

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