Posts Categorized: In The News

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J. Johnson’s Latest – Have The Resolute Longs Taken Over?
July 5, 2019

 Great and Wonderful Friday Morning Folks,   

     The day after our Independence Celebration shows Gold to be trading at $1,416.20, down $4.70 after being forced down to $1,412.70 and with a high to beat so far at $1,426.80. Silver is doing the usual, following along as if it had no importance whatsoever with its trade at $15.265, down 7.1 cents with its low at $15.22 and the high to beat at $15.37. The US Dollar is still benefiting from all the overseas investors, maybe they like Trump as much as our population, regardless the Dollar continues higher at 96.54, up 20.54 points and close to the high at 96.575 with the low we need to see get crushed at 96.315. All of this was done way before 5 am pst, the Comex open, and the London close.    

     Our Emerging Markets Currency watch is showing 14,144.30 Venezuelan Bolivars are needed to buy 1 ounce of Gold, taking back 62.92 in Bolivar value with Silver at 152.459 losing .05 of a Bolivar. In Argentina, Gold requires 59,123.10 Pesos for 1 ounce, proving a loss of 842.46 Pesos with Silver at 637.279 Peso’s, as the lagging metal was sent, sharply lower losing 6.476 Pesos, both metals getting hit in OUCH type fashion. Turkey’s issuance, the Lira has Gold’s requirements at 7,940.63 with Silver now pegged at 85.5939 T-Lira, losing .4241 in T-Lira value.    

      July Silver Deliveries are now showing a demand count of 727 requests for physical and with a Volume of 10 up on the board so far this morning, in between a trading range between $15.25 and $15.175 with the last trade only showing 2 contracts being swapped out at the lowest price before the Comex open. This demand drop proves 15 obligations got their receipts and have come off the board since Wednesday’s early report. Silvers Overall Open Interest lost only 1,017 Overnighters with the total count now at 221,273 Obligations still proving the longs may have the upper hand against all these papered shorts.    

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J. Johnson’s Latest – Deep Resolute Pockets Are Refusing To Let Go Of Their Future Profit Potentials!
July 3, 2019

Great and Wonderful Wednesday Morning Folks,   

      We start the morning off with a slight pullback from the high in Gold which just so happened to hit $1,441 (August) before the sellers came in with the trade now at $1,422.50, up $14.50 and close to the low at $1,420.50. Silver is doing the same (being controlled) with its trade at $15.27 (Sept), up 2.7 cents and close to the low at $15.25 with the high at $15.51. The US Dollar is Steady Eddie this morning with its trade at 96.275, up 1/100th of a point and it too, close to the low at 96.22 with the high at 96.435. Of course all of this was done while we slept, before 5 am pst, the Comex open, and the London close.   

      Venezuela’s Bolivar now has Gold priced at 14,207.22 giving us a gain of 263.67 Bolivar in the overnight with Silver at 152.509 showing a gain of .749 in Bolivar value. In Argentina, the Peso has Gold priced at 59,965.56 giving us a gain of 852.12 A-Pesos with Silver now at 643.755 proving a gain of .332. The Turkish Lira now has Gold valued at 59,967.61 adding an additional 118.21 T-Lira with Silver pegged at 86.1183 giving us a .1003 in additional T-Lira value as well. All emerging market currencies in overprint are still adding value to our sector, giving the primaries the stomach ache they so deserve. One day these leading currencies will throw up all those “over-shorted shorts” that have piled on these past few years.    

      July Silver’s Delivery Demands now show a posting of 742 requests waiting for receipts and with the number 4 posted up in the Volume column so far this morning, proving a reduction of 207 receipts as we wait for the actual numbers to be confirmed along with all those papered EFP’s going to London. Silver’s Overall Open Interest only added an additional gain of 247 more shorts in order to sustain the price showing us once again how resolute these buyers really are. What we have here is a set of Very Very Deep Resolute Pockets refusing to let go of their future profit potentials!   

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J. Johnson’s Latest – The CFTC is Major Rat Member!
July 2, 2019

 Great and Wonderful Tuesday Morning Folks     

      The pullback in Gold seems to be a “failed one day wonder” as the Nobel metal has completely reversed and is now $6.70 higher than the Comex close, at $1,396.10 and close to the high of $1,397.30 with the low at $1,386.20. Silver is flat at $15.195, up 2/10ths of a penny after reaching as high as $15.24 with the low at $15.16, barely an 8 cent move after the attempted beating applied since Sunday nights starting trade. The US Dollar, which all banks seem to be supporting in order to weaken their currencies, is now trading at 96.30, down 10.9 points after dipping down to 96.185 and after the high of 96.455 was reached as well. This was done after yesterday’s US Dollar’s rally which sent the Dollar up 74.3 points, and for no reason.  All of this was done while we slept, before 5 am pst, the Comex open, and the closing bell in London.     

      Venezuela’s Currency, the Bolivar, has been beaten to a pulp these past few years but is still in use and now has Gold priced 13,943.55 Bolivar, proving a gain of 8.99 in the overnight with Silver now trading at 151.760 Bolivar, losing 1.348 taking away all of Monday’s gains and a bit more as well. Argentina’s Peso has Gold priced at 59,113.44 showing an additional loss of 413.65 A-Pesos with Silver at 643.423 dropping off a whopping 7.721 A-Pesos in the overnight. Turkey’s Lira, now has Gold gamed at 7,904.22 Lira, showing an increase of 4.90 in the overnight with Silver at 86.0180, proving a loss of 0.781 T-Liras, as the emerging market currencies continue the attempt to pound out a weaker value in precious metals, a game these short traders know will be lost soon enough.      

      The July Deliveries in Silver are now showing a demand count of 951 fully paid for contracts seeking physical and with a Volume of 71 up on the board so far today inside a 4 cent trading range between $15.14 and $15.10. This proves a receipt count drop of 459 demands for physical either getting delivered or were dropped off during yesterday’s attempt to weaken those Resolute Longs. Silver’s Overall Open Interest is where we see the most glaring issue out there, the additional shorts that had to be added in order to attempt to scare these Resolutes, but they (our strong buyers) refuse all attempts to date with the total count now at 220,009 proving the addition of 2,509 more shorts in order to stay this price.     

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J. Johnson’s Latest – Ag/Au Get Attacked…Then the OOPS Shows Up IMMEDIATELY!
July 1, 2019

Great and Wonderful First Day of July Folks,  

     Right out of the gate last night the precious metals got attacked with Gold being pushed all the way down to $1,384.70 (the low) after the gapped opening from Friday’s close out at $1,413.70 with the first price quoted at $1,401.80, then dropping immediately to the low with the “right now” price at $1,395.20, down $18.50 and closer to the high than the low. September Silver is where the OOPS showed up with its opening price at $15.315 (barely) gapping down from the $15.341 Friday closing, then being sent down to $15.155 before the immediate recovery with the trade now higher than the opening at $15.33, down 1.1 cent and right beside the high of $15.34. The US Dollar hardly did anything as the precious metals kept the currency violence under control so the currencies look better with the Dollar now at 95.955, up 28.9 points after reaching up to 96.16 with the low at 95.775. Of course all of this was done starting Sunday night at 6pm est, before Monday’s 8am est, the Comex open, and the London close.    

     The full force of currency debasement was applied within the emerging markets with the Venezuelan Bolivar pricing Gold at 13,934.56 causing a drop in value of 216.73 in Bolivar terms with Silver gaining .449 at 153.108 Bolivar. Argentina’s Peso now has Gold priced under it at 59,257.09, shaving off 1,242.92 A-Pesos with Silver priced at 651.144, losing 1.504 in A-Peso value. Turkey’s Lira has Gold priced at 7,899.32 temporally taking away 280.51 in T-Lira value with Silver now at 86.7990 taking away 1.4496 in value as the predicted squeeze is now on.

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Bill Holter’s Commentary

The BIS warns you again.

BIS Warns “Slowdown Is Worsening And Spreading” As Central Banks Run Out Of Ammo
June 30, 2019

Every six month or so, the Bank of International Settlements, also known as the central banks’ central bank, publishes some dire warning about the increasingly precarious state of the global financial system – largely as a result of an unprecedented monetary experiment that is now pushing on a string – and every six months or so the world’s most important central bankers congregate on 18th floor of the circular BIS tower in Basel where they decide to ignore all the warnings and double-down on policies that haven’t worked in a decade, with the expectation that they will work this time (or at least make the world’s richest even richer, while destroying the middle class).

Well, today is one of those days, because at midnight on June 30, the BIS published it Annual Economic Report for the year 2019, and of course, this report too and the speech delivered alongside the Annual General Meeting in Basel by Agustin Carstens, will be summarily ignored by those who matter, until the next financial crisis strikes and everyone is shocked how there were no signals indicating the arrival of what will soon be the greatest financial catastrophe in world history.

Of course, the BIS won’t make any such dire predictions – the last thing it needs is to be accused of sowing the panic that unleashes a crisis – it will however warn that after a failed attempt by central banks to renormalize monetary policy, governments must step in to stimulate their economies and fix policy imbalances that have forced central banks to use up most of their firepower: “The continuation of easy monetary conditions can support the economy, but make normalization more difficult, in particular through the impact on debt and the financial system,” the BIS warned.

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J. Johnson’s Latest – Ag/Au Are Screaming Calmness As The G20 Meets
June 28, 2019

Great and Wonderful last day of June Folks,   

      They can’t keep a good precious metal down with Gold continuing to be purchased with the trade now at $1,416.90, up $4.80 after going as far as $1,427.80 before the shorts added their positions with the low at $1,411.30. Silver is still “red heading” all the punishment they can dish with the trade at $15.285, down 9/10ths of a penny and at the low of $15.26 with the high to beat at $15.385. The US Dollar has stabilized these past few days with its value pegged at 95.685, down 5.7 points right smack in the middle of its range between 95.795 and 95.585. All of this was done while we sleep, before 5 am pst, the Comex open, and the London close.

      Venezuela’s Bolivar now has Gold priced at 14,151.29 showing a gain of 83.90 Bolivar, an 8.47% return so far this year with Silver at 152.659 proving a gain of 1.049 in the overnight and only a 3.63% return so far this year as well. Argentina’s currency, the Peso, now has Gold priced at 60,500.01, gaining 387.81 A-Peso’s, a 25.20% return so far this year with Silver now priced at 652.648 giving them a 4.827 A-Peso rise, and only an 11.34% return so far this year as well. Turkey’s Lira, another currency that went into overprint this year, now has Gold pegged at 8,179.83, giving the people a 48.93 T-Lira gain plus giving the noble metal a 19.25% climb this year with Silver now at 88.2486 gaining .6242 and giving us a 4.39% return so far this year. All the pressure that can be applied to Silver is being done, how much longer is the only question left unanswered.   

      Today is the First Notice Day for the July deliveries and Silver’s Physical Demands are showing a post of 3,873 demands for physical proving a drop in count of 11,024 and with a Volume of 482 up on the board so far this morning. Monday will have the real deliverable count as the jostling goes on between the buyers and the sellers with Silver’s Overall Open Interest continuing to lose the “short” weight with the count now at 219,892 Overnighters proving a loss of 3,619 during the entire day when we saw the markets not move at all. Case in point, after yesterday’s write up, Silver traded around 2 cents above the quote with Gold trading around $4 higher, screaming calmness as the G20 gets ready meet this weekend.   

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J. Johnson’s Latest – Googles Revolving Door Into The CIA/FBI Is Like The CFTC’s And The Central Banks
June 27, 2019

Great and Wonderful Thursday Morning Folks,   

      Our Thursday starts off with another reduction in price with Gold at $1,408.50, down $6.90 after dipping down to $1,404.10 with the high so far at $1,415.30. Silver is attempting to lead the decline with its trade at $15.18, down 11.4 cents and close to the low at $15.15 with the high not that far away at $15.275. The US Dollar is in a patterned trade that looks to climb higher but for now we’re at 95.70, down 2.8 points and it too close to the low at 95.67 with the high at 95.92. All of this was done mostly during the overnight in London, before 5 am pst and the Comex open.   

      Our emerging markets currency watch shows the Venezuelan Bolivar to be holding Gold at 14,067.39 losing only 5 Bolivar with Silvers price at 151.610 losing 1.548 Bolivar in the overnight. Argentina’s Peso has Gold pegged at 60,112.20 gaining 414.12 Peso’s with Silver now at 647.821 losing 1.913 A-Peso’s. Turkey’s Lira now has Gold under its trade at 8,130.90, proving a gain of 5.62 Lira with Silver showing a price of 87.6244 showing a loss of .795 T-Lira as well. It appears Gold is getting harder to control within these emerging currencies than Silver is for now, but that too will change in time.     

      The June Silver Delivery period has passed bringing in the July Deliveries with tomorrow being the First Notice Day, giving the investor one more day to get out of the delivery contract with the Open Interest Count right now at 14,897 demands for physical and with a Volume of 12,648 so far this morning. If the trade is anything like yesterday or the day before, the pump and dump numbers in the Volume column (in July) will triple the OI numbers as the Algo’s continue to pump and dump all the while the prices barely move.      

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J. Johnson’s Latest – How Much Criminal Activity had to be Applied in Order to “Stay” the Precious Metals?
June 26, 2019

Great and Wonderful Hump Day Morning Folks,   

      Well they finally got Gold to trade lower with the price, under the US Dollar, now at $1,409.00, down $9.80 after they punched the price down to $1,405 with the high to beat at $1,427.90. Silver is down as well, but not leading the decline this time, with its price at $15.335, down 4.8 cents after getting knocked down to $15.24 with the high to beat at $15.435. The US Dollar is by far less volatile today with the value now at 95.76, up 11.2 points after being pushed up to 95.835 with the low at 95.655. All of this was done well before the Comex open and the London close.    

      The emerging markets currency watch is now showing the Venezuelan Bolivar’s Gold price at 14,072.39 proving a drop in value of 225.71 in the overnight with Silver now priced at 153.158, losing 1.399 in value. Argentina’s Peso has Gold priced at 59,698.08 losing 1,054.88 in value with Silver now priced at 649.734 losing 6.89 in A-Peso value. Over in the Euro arena we have Turkey’s Lira holding Gold’s price at 8,125.28 showing a loss of 152.46 with Silver losing 1.0207 with its price now at 88.4339 T-Lira’s, showing us how much international currency pressure had to be applied in order to get the metals to trade lower under the primaries. Let’s see how long this will last.    

      It’s the final day of delivery for the June Silver contract with the count still at 4 and with Zero Volume up on the board. Next up on the delivery board is our July Contract which has a total OI count at 35,837 positions in trade showing a substantial drop in Open Interest since the Quadruple Witch Week but not enough of a drop yet (to calm the shorts) with the First Notice Day for July set for this Friday. The First Notice Day is defined as the last day speculators can margin the trade in the July Contract. Starting on Monday, all contracts are supposed to be 100% of the value of the contract size. Case in point; Margins right now for July Silver is $3,630 per contract. Come Monday, the required amount to hold a July Contract jumps to $76,675 (at $15.335 an ounce x the 5,000 ounce contract). Why trade here in the delivery month? Either to buy the real product, or to help gauge the control of price via calendar spreads with other months within the same commodity. This is where the tires meet the road and where we will see the real price reality come into play when a commercial signal failure occurs, which is why we focus on the demands for physical. This is the link between the physical reality and the game of paper.   

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J. Johnson’s Latest – Cloaking the Comex vs. The Resolute Longs!
June 25, 2019

Great and Wonderful Tuesday Morning Folks,    

      Gold continues to lead the charge with the trade right now at $1,431.90, up $13.70 and after it spiked to $1,442.90 from the low down at $1,421.40. Silver, is still screaming in the grocery store as momma Gold is forced to deal with the anchor that will soon lead the precious metals rally with AG’s trade at $15.475, up 1.4 cents as I watched the Algo’s make the signal that has failed these past few days with the trade right by the low of $15.42 with the high I want to see beat at $15.59. The US Dollar is barely moving with its value pegged at 95.56 up 7.3 points and close to its high at 95.585 with the low at 95.365. All of this was done while we sleep before 5 am pst, the Comex open, and the London close.    

      Gold gained 178.77 in Bolivar value in Venezuelan with Silver now priced at 154.557, a gain of only .10 of a Bolivar. Argentina’s Peso now has Gold priced under it at 60,752.96 A-Pesos, a gain of 247.96 with Silver at 656.624 losing 7.288 in Peso value. Turkey now has Gold trading at 8,277.74, showing a gain of 78.55 in T-Lira value with Silver pegged at 89.4546 showing a loss of .2041 in T-Lira value, and all done in the overnight.    

      The key to it all is in the delivery system within the Commodity Sector with June Silver’s delivery demands now positing a 4 lot with zero volume up on the board so far this morning, proving a drop of some number I’m no longer sure about (94) since the math doesn’t jive again. Yesterday we had an OI number of 102 demands for physical (5,000 ounce contracts each). But during the day (yesterday) a Volume of 24 was posted and with no sales price displayed on my trading screens. Apparently Silver’s Overall Open Interest is showing the “fear of the shorts” as a number of contracts were added in order to give us the Silver Signal we have now and during the cloaking of the deliveries to the tune of 2,777 more positions in trade bringing the Overall count back up to 231,366 Overnighters in order to keep Silver from doing the move Gold is doing now.  Will the signal work like it always has in the past, or are we in the change of a lifetime? Pay attention to the deliveries! They matter the most.

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