Posts Categorized: In The News

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J. Johnson’s Latest – The Future Pop in Silver’s Price Will Be Loud and Clear!
June 24, 2019

Great and Wonderful Monday Morning Folks,   

      After a nice weekend of wonder, we wake to see that the precious metals are still trading higher with Gold now priced at $1,414, up $13.90 after reaching up to $1,414.80 with the low at $1,403.60. Silver is still being dragged along like the spoiled and tired child we see at the grocery store with its trade at $15.465, up 9.5 cents after reaching up to $15.515 before being calmed down with the low at $15.385. The US Dollar is on its way to losing 200 points since last Tuesday with the trade now at 95.505, down 21.3 points and at the low of 95.500 with the high at 95.715. All of this of course was done after Sunday’s opening at 6 pm Est and right now, before 8 am Est, the Comex open, and the London close.    

      Venezuela’s Bolivar now has Gold priced at 14,122.33, gaining 136.83 since Friday’s quote with Silver adding .649 in Bolivar value priced at 154.457. Argentina’s Peso now has Gold priced at 60,505.00 taking back 171.53 from Friday with Silver now at 663.912 taking back 3.373 A-Pesos. Over in Europe, the Turkish Lira now has the noble metal gaining 66.93 with the price at 8,199.15 T-Lira with Silver pegged at 89.6587, losing 1.3828 in T-Lira value.   

The June Silver’s Delivery period is just about over (this Wednesday) with tomorrow being the July Options expiration day with the June Count in Silver still at 102 obligations waiting for receipts and with Zero Volume up on the board so far this morning. The Overall Open Interest in Silver fell a bit on Friday proving a drop of 10,469 shorts getting out of the way with the total now at 228,589 Overnighters staying in play in order to keep Silver from doing far less than what Gold is doing. The buying pressure is building under Silver with the SGR (Silver/Gold Ratio) over 91 to 1. The future pop in Silver’s price will be loud and clear, after that last bar is confirmed to be removed.     

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J. Johnson’s Latest – Are the Resolutes Longs winning? Stay Tooned!
June 21, 2019

Happy Quad Witch Friday Folks,

Gold continues to lead the charge with the trade at $1,400.30, up $3.40 after reaching as high as $1,415.40 before the London Bop was applied just over 3 hours ago and after the high was reached with the low we’re recovering from at $1,386.10. September Silver is now the lead contract because the Open Interest is now the highest. I’ll be using that months pricings from this point forward, with the trade recovering after the shake out with the price now at $15.40, down 16.8 cents after being knocked down to $15.235 with the high to beat at $15.625. The US Dollar is not doing anything with the trade at 96.10, down 3.8 points with the high at 96.235 and the low at 95.995. All of this activity happened before 5 am pst, the Comex open, and the London close.

The Venezuelan Bolivar now has Gold priced at 13,985.50, adding an additional 142.82 Bolivar to its value with Silver now trading at 153.808 adding .649 Bolivar. Argentina’s Peso has Gold priced at 60,676.53 adding 608.66 A-Pesos with Silver trading at 667.285 Pesos, losing 2.963 A-Pesos during the overnight. Turkey’s Lira now has Gold priced at 8,132.22, adding an additional 251.52 in value with Silver gaining another 2.1329 in T-Lira value. A damn good week considering all we’ve been thru.

June Deliveries continue to confound as that Resolute Buyer (or whatever we can call this guy who can simply place receipts up without a price) added an additional 103 MORE demands for physical to the mix during yesterday’s trade bringing the total to 136 and with Zero Volume up on the board so far this morning. It looks like yesterday’s overall trade was about a few shorts exiting their positions of risk, with the total count now at 236,428 Overnighters proving a drop of 2,630 Obligations. Are the Resolutes Longs winning? Stay tooned!

Today is the Quad Witch, chock a block full of position squaring, as the central planners try to keep the ship from listing as the demands for physical start to really shake the system created to make people think “Silver and Gold – Bad”, “Paper and Debt – Good”! In fact, if we consider the entire global banking position as a single entity, every single nation has a fiat currency, and all these fiats trades against the real money. All of them trade against Silver and Gold. No wonder precious metals are considered the most manipulated market of the world. Silver and Gold are the links to the entire system. This Algo system sets the prices in support of the fake currency values and now the deliveries are destroying this practice, and right before our very eyes!

Addendum:

Hey!

We actually have a real price in June Silver today. A trading range between $15.295 and $15.26 was created as a 3 lot traded in today’s activities. The last time we had a “real” price in June Silver was the purchase at $15 a few weeks ago…Tick Tock, shorts got clocked!

Stay Strong!

J. Johnson

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Bill Holter’s Commentary

You want real news? THIS is real news!

They’re Calling It A “Bloodbath” For The $800 Billion Trucking Industry As US Economy Collapses
June 19, 2019

Authored by Michael Snyder via The Economic Collapse blog,

The U.S. trucking industry has not experienced a downturn of this magnitude since the last financial crisis, and this is one of the clearest signs yet that the U.S. economy is steamrolling into a severe economic downturn

 

 

 

 

 

 

 

 

 

 

 

When economic activity is increasing, the trucking industry sees rising demand for their services and freight rates tend to go up.  That is precisely what we witnessed in 2018, and truckers were hoping for more of the same in 2019.  But when economic activity is on the decline, the trucking industry sees decreasing demand for their services and freight rates tend to go down.  Unfortunately, the numbers that the U.S. trucking industry is reporting right now are absolutely abysmal.  Freight rates have now fallen for six months in a row on a year-over-year basis, and according to Business Insider during the month of May loads on the spot market fell “by a chilling 62.6%” compared to last year…

This year has been rocky for the $800 billion trucking industry.

After a raucous 2018, 2019 has seen retailers and manufacturers moving less, according to the Cass Freight Index. Freight rates have dipped year-over-year for six months straight. Loads on the spot market, in which retailers and manufacturers buy trucking capacity as they need it rather than through a contract, have fallen by a chilling 62.6% in May year-over-year.

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J. Johnson’s Latest – The Battle Of The Resolute Longs And The Paper Shorts Is On!
June 20, 2019

Great and Wonderful Thursday Morning Folks,   

      Gold is trading slightly higher with the current price at $1,386, up $37.20 but only after it reached $1,397.70 before being calmed down with the low and starting point at $1,361.30. Silver is up as well and not really sure who is leading with its trade at $15.465, up 43.30 cents and close to the high at $15.47 with the low starting at $15.19. The US Dollar finally lost some of that foreign buying support with its trade now at 96.165, down another 41.7 points after losing 57 points yesterday just after the FOMC report came out. Of course, all of this has already happened while we slept, before 5 am pst, and before the London close.   

      As can be imagined, Gold trading under the emerging markets is like watching a rocket launch with all that force pushing the real money payload sharply higher with Gold under the Venezuelan Bolivar at 13,842.68, gaining 400.5 since yesterday’s report with Silver now priced at 154.457 Bolivar, gaining 5.593 as well. The Argentinian Peso, which has not lost any zeros (yet) now has Gold pegged at 60,067.87 gaining 1,528.26 (X 100 ounce contract) in the overnight with Silver gaining a gob smacking 21.878 (x 5,000 troy ounces per contract). In Europe, the Turkish Lira now has Gold priced at 7,966.70 T-Lira, a gain of 86 Lira with Silver gaining 1.6107 at 88.9086 T-Lira.   

      As we’ve continued to repeat, the Commodity Sector has a great equalizer called physical deliveries. When demand exceeds supply, it becomes a buy. With the mining sector being gauged with debt instruments and supply demands to the exchanges being part of the control, we have to observe the levels of demand in order to prove there is an issue. Especially when almost everything else about precious metals is a secret not to be revealed. June Silver’s deliveries had a huge jump in OI last week, and with no sales all week so far, with today’s early morning count showing 33 orders waiting for physicals and again, with Zero Volume or Price posted up on the board, proving 206 contracts got receipts for physical. The Resolute Longs are still holding strong as the Over All Count for Silver added another 73 obligations to the mix with the total now at 239,058 Overnighters still in play. We’re only 4,353 contracts away from making a new paper high and at the cheapest of prices for any product.   

Addendum:

We now have a Volume in June Silver of 94 with an Open Interest of 33 as of right now. What I cannot confirm is if this is an additional 99 or if its 67 to the 33 that all got receipted today, all this still with no prices offered. Regardless, they buyer is still sticking it to them where it counts the most! Right in the Deliveries!

Stay Strong
JJ

Update:

Looks like out buyer keeps adding one at a time, we’re now at 95 Volume with 33 Open Interest and no price.

JJ

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And he’s back in his comfort zone of privacy at steemit (for now…).

J. Johnson

J. Johnson’s Latest – FOMC Day as Silver’s Resolute Longs, Carry On!
June 19, 2019

  Great and Wonderful FOMC Day Folks,   

      Gold is trading lower this morning with the current price at $1,345.90, down $4.80 after a few hours of pump and dump were applied once the market reopened with the high at $1,351.10 with the low close to where we are now at $1,344.80. Silver is leading the decline with the trade at $14.905, off by 8.8 cents and at the low with the high at $15.015.  With the currency rollover being completed, September US Dollar is now at 97.055, it too trading down 9.8 points with the low at 97.045 and the high at 97.205. All this of course was done way before 5 am pst, the Comex open, and the London close.   

      The volatility is rising as the So American emerging markets will prove, with Gold under the Venezuelan Bolivar now at 13,442.18, showing a loss of 77.90 Bolivar with Silver at 148.864 showing a reduction of .349 Bolivar. Argentina’s Peso now has Gold priced at 58,539.61 chopping off some 993.31 Peso’s with Silver doing the same with its price now at 648.370 proving a loss of 8.647 A-Pesos. Over in the Euro-mess, Turkey’s Lira now has Gold trading at 7,880.70, losing only 19.3 in T-Lira value with Silver at  87.2979, losing .1016 (barely registering).

      The June Silver Delivery demands is where it all matters with the total count posting 239 receipts waiting for physical, showing a loss of 1 from the previous day and with Zero Volume up on the board so far this morning. In fact, so far this week, we still do not have a “price traded” in the deliverable Silver month with today being all about the J. Powell FOMC “play of the day”. When it comes to the Overall Open Interest in Silver, the centrals are exposing themselves even more as the count needed another 6,700 more short positions in order to keep Silver just under that $15 handle with the total now at 238,985 Overnighters, proving we are just about at the point of contention as the Resolute Longs keep things real against the overwhelmingly large paper trade that will fail when the last bar is delivered. Still to date, the only question left is when is that last bar going to trade? We only need another Open Interest gain like yesterday to exceed the old paper count against the physical to break new ground. One day, the paper will fail, and we’re getting closer to that moment as the Resolute Longs, Carry on!   

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Jim Sinclair’s Commentary

The latest from John Williams’ www.shadowstats.com

– U.S. Economy and Markets Are Transitioning, and It Is Not Good News
– Excessive FOMC Rate Hikes and Tightening of the Last Year Have Pushed the Economy to the Brink of a New Recession, Exacerbated by the Shutdown
– Headline Back-to-Back First- and Second-Quarter 2019 GDP Contractions Likely Follow Still-Pending Reporting of Sharply Slowing Fourth-Quarter 2018 GDP; Consider Plunging Retail Sales, Production, Manufacturing and Freight Activity
– Unprecedented in 100 Years of Reported U.S. Manufacturing Activity, December 2018 Marked a Record Eleven Full Years of Economic Non-Expansion
– January 2019 Monetary Base Suffered Its Steepest Annual Decline Since Triggering the Second Down-Leg of the Great Depression
– Income Dispersion Worst Since Before the 1929 Stock Crash and Great Depression
– With a Tanking Economy, the Stock-Market Sell-Off Is Far from Finished; Political Discord in Washington Should Exacerbate and Intensify Market Instabilities
– Does This Concern the FOMC and Government Policy Makers? It Should!
– Driven by Energy Prices, 2018 Annual Inflation Measures Hit Multi-Year Highs, Not Driven by the FOMC Rate-Hike Canard of an Overheating Economy
– Time for Congress to Revisit the Concept of the Federal Reserve?
– U.S. Treasury Fiscal Operations Are Not Sustainable, Threatening Ultimate Financial-Market and U.S. Dollar Turmoil 

“No. 983a: Updated ALERT, Advance Economic and Financial-Market 2018-2019 Review and Preview” 

www.shadowstats.com

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J. Johnson’s Latest – The Resolute Longs Own “The Play of The Day”
June 18, 2019

Great and Wonderful Tuesday Morning Folks,

    It’s happening! We have a good rally starting in Precious Metals and ironically during the Triple Witch Week with Gold at $1,353.70, up $10.80 and right beside the high at $1,354 with the low at $1,342.10. Silver is tagging along with the trade at $14.94 up 11.6 cents and at the high with the low at $14.80 with the US Dollar, now at 97.20 in the September contract with its high at 97.26 and the low at 96.885. All of this was done because of Mario Draghi, before 5 am pst, the Comex Open, and the London close.

    Gold, under the Venezuelan Bolivar, is now showing a price at 13,520.08, gaining 138.83 in Bolivar value with Silver at 149.213 Bolivar, up by 1.398 in the overnight. Gold under the Argentinian Peso is now trading at 59,532.92, gaining 608.006 A-Pesos with Silver gaining 6.112 Pesos with its price at 657.017. The Turkish Lira is pricing Gold at 7,900.00, gaining 33.14 with Silver gaining only .2864 in T-Lira value. All 3 of these emerging market currencies, in crisis, are helping to push the values towards a re-pricing within the majors, as they should.

    June Silver Deliveries are as clouded as they can be with last Friday’s “simply added” Demands for Physical, fogging up the issues with the deliverable count dropping 37 contracts during yesterday’s trade leaving a balance of 204 Receipts waiting for physical and with Zero Volume up on the board so far this morning. Harvey Organ’s count last night didn’t show a reversal of EFP’s and I’m not sure how we would be able to see such an event if it were to occur, so we wait for more data to come out or be figured out in the days and weeks ahead. Silver’s Overall Open Interest dropped only 193 obligations in the overnight with the count now at 232,285 Overnighters, as we see the shorts continuing to attempt to scare away deliveries by continuing to add more and more paper to the trade till they pass that all time paper contract high of 243,411 Open Interest put into place April 9th, 2018 in order to keep Silver prices in check. We’re only 11,126 more contracts away from making a new record and the “shorts” may have to do this before the end of this month. That is, if all those “Deep in the Money Calls” in July Silver get exercised into future contracts. Wouldn’t that be a kick in the head to the short trades?

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Steemit is once again, restricting J.J’s posts

J. Johnson’s Latest – Is this Resolute Buyer of Physical Ag the Same As the Resolute Holder of Calls?
June 17, 2019

Great and Wonderful Monday Morning Folks,

      We start our Triple Witch Monday off with Gold not being allowed to trade higher with the price at $1,339.80, down $4.70 after hitting a low of $1,336.60 with the high mark at $1,347.10. Silver is flat with the trade at $14.80, down 3/10ths of a penny inside an 11 cent trading range between $14.865 and the low at $14.755. The last day of trade for the June US Dollar contract is showing our currency trading at 97.455, down 11.5 points after Friday’s stellar climb, with today’s Triple Witch activity being the complete rolling over of all currencies from the June Contracts into Sept’s. Of course all this price movement occurred before 5 am pst, the Comex Open, and the London close.

    Our emerging markets watch now shows the Venezuelan Bolivar price for Gold to be trading at 13,381.25 Bolivar, taking back more than Friday’s gains with Silver now priced at 147.815 it too losing all gains. Argentina’s Peso now prices Gold at 58,924.86, dropping 183.62 Pesos (nothing to Friday’s gains) with Silver priced at 650.905 Pesos losing about half of the last days additions. The Turkish Lira’s price for Gold is at 7,866.86 taking back most but not all of Friday’s gains with Silver pegged at 86.8924, losing most of the gains as well.

     As mentioned before, the deliveries is where it all matters in the commodity sector as Friday became an anomaly when the COMEX simply posted a volume of 40 on the delivery board for June Silver but with NO PRICE! We started the day off with a lonely 1 posted in Open Interest (a single 5,000 ounce contract was waiting for a receipt) and then this 40 lot popped up in the Volume without a posted price, wtf? I have only been trading most things (stocks and commodities) since the early 1990’s and I have never witnessed the additions without a price quote before. Today, I have another “Never Seen Before” observance; the Open Interest in June Silver is now posting 241 deliverable demands for Silver. It is my supposition that this Resolute Buyer, came in somehow, and added 240 more contracts for delivery totaling 1,200,000 ounces the Friday before Triple Witch Week and with Zero Volume up on the board so far this morning. Silver’s Overall Open Interest only dropped some 497 Overnighters since Friday, giving the day, once again, to those Resolute Longs with the count now at 232,478 Total Open Interest. Whoever this guy is, he has their Algo’s gamed. An additional thought, is this some EFP’s coming back from London? Who knows?

   Another ongoing thought here is about the July Silver Options Board and those 10’s of millions of dollars spent on “upside risk” when Trump walked into office. Is this Resolute Buyer of Physical the same as the Resolute Holder of the July, Sept, and December 2019 Call Options? We’re at our point of contention for sure and for certain, as we close out our early morning Precious Metals Report, we are witnessing Silver (and Gold) trading higher with July now at $14.855 after making a new high at $14.885 and with another buy order in the June Delivery Contract for Silver at $14.835 with a count at 28 (140,000 more ounces). We have 8 days of left before the July Options expire and we roll into one of the biggest delivery months out there for Silver, July! So keep your precious metals out of harm’s way, have the attitude pointing towards the positive and as always ….

Stay Resolute!

J. Johnson

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J. Johnson’s Latest – The Resolute’s Pinnacle during the Triple Witch Week
June 14, 2019

Great and Wonderful Friday Morning Folks   

      We start our Friday off in a good tone hoping that by the end of Comex trading, things get even better with Gold now trading at $1,358.40, up $14.70 after reaching up to $1,362.20 with the low starting point of $1,345.70. Silver is still following with its trade at $15.05, up 15.8 cents and right beside its high of $15.065 with the low at $14.885, the start of last night’s reopening. The US Dollar is up as well trading at 97.12, adding 12.1 points of value with the high at 97.19 and the low at 96.94. All of this activity happened way before 5 am pst, the Comex open, the closing of trade in London, and the last day before we start the Triple Witch Week Watch.

     Our Emerging Markets Currency watch now shows Gold trading under the Venezuelan Bolivar to be at 13,567.02, a whopper of a gain at 179.77 Bolivar with Silver now at 150.312, gaining 2.497 Bolivar in the overnight. Argentina’s Peso now has Gold priced at 59,108.48, dig this, a gain of 588.83 Pesos with Silver gaining 8.862 Pesos in the overnight with the price at 654.948. Turkey’s currency, the Lira, now has Gold priced at 8,008.59, gaining 152.69 with Silver gaining 1.9505 T-Lira showing all three emerging market currencies to be pushing precious metals higher and higher, until they hit the primaries, which in turn will be sending precious metals into movements under our currency. This is what I live for!   

       June Silver’s delivery demands are still stymied with the count stuck at a lonely 1 and with zero volume on the board so far this morning. The last time any physical Silver was purchased was at $15 two Monday’s ago with no other purchases of physical afterwards, showing us this last dip in price was all paper giving a better deal but with no takers. That is something else! Silver’s Overall Open Interest is still showing gains as the Overall Count added another 2,784 more shorts to the trade in order to keep Silver from exploding any higher with the total count now at 232,975 Overnighters, as not only the Shorts keep adding to their almost “never failed before” trading strategy, the Resolute Longs are doing the same. This is truly a Resolute Pinnacle, the day before the Triple Witch Week and Currency Rollover (this Monday).     

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J. Johnson’s Latest – Resolute Longs Keep The Precious Metals Strong!
June 13, 2019

  Great and Wonderful Thursday Morning Folks,   

      Even though the shorts tried to keep Gold from rising it continues to gain ground with August Gold at $1,340.40, up $3.60 after reaching $1,342.70 with the low at $1,335.90. Silver is higher as well with the trade at $14.80, 4.7 cents above yesterday’s Comex close after reaching up to $14.835 with a low we wish to never see again at $14.72. The US Dollar is trading at 96.925, down 4.5 points after dipping to 96.86 with a high at 96.985. All of this was done sometime before 5 am pst, the Comex open, and the London close.   

      Gold, under the Venezuelan Bolivar, is now at 13,387.25, rising 9.99 Bolivar with Silver at 147.815, continuing its gain by adding another 1.25 Bolivar in the overnight. In Argentina, the Peso has Gold priced at 58,519.65 taking back some of gains to the tune of 1,330.33 Pesos with Silver trading at 646.086 pulling back 14.166 Pesos. Over in Turkey, and under the Lira, Gold is priced at 7,855.90 adding 97.47 of value with Silver adding 1.194 of T-Lira value with its price at 86.7713, showing us 2 out of 3 emerging market currencies approve the holding of physical Silver and Gold. Ask your broker or pharmacist, if real physical Silver and Gold is right for you.   

      The June Silver Delivery System has been stymied since the last purchase was made over a week ago with the count stuck at 2 and with Zero Volume up on the board so far today. Commercial Signal Failure is what we’re looking for here in our Comex Silver market, and the only way that can happen is when the buyers take on the organized and algo control currency systems put in place in order to make currencies look better, but only on paper. Silver’s Overall Count continues to gain more shorts in order to stay the price with the count now at 230,191 Overnighters adding an additional 4,013 more shorts to the mix. What counts the most is who blinks first here, if that physical buyer comes in, it could be our boon, if so, these Resolute Longs will own the field of play and we’re off to newer highs. What could go wrong? The longs could panic first and we start again, rinse, wash, and repeat, until someone runs out of physical at these below all mining costs prices.

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Bill Holter’s Commentary

If you repeatedly lie and spread fake news, would you expect your ratings to go up? Maybe CNN should go back to basics and re learn what the definition of “journalism” is?

Nolte: Death Spiral Continues as CNN Loses One-Third of Primetime Audience
June 12, 2019

The far-left CNN’s ratings death spiral marched into last week as the fake news network lost one-third of its primetime audience and a breathtaking 55 percent of its demo viewers.

When compared to this same week last year,  CNN also lost 21 percent of its total day viewers.

How bad is this?

Well, you can’t blame a slow news week because not only was President Trump on an overseas trip, but as you will see, CNN stands completely alone with this massive audience implosion.

By comparison, in primetime, MSNBC and Fox News only lost four percent of their viewers compared to last year and seven and five percent of their total day viewers, respectively.

Let me lay this out for you as starkly as I can.

Primetime Viewership Compared to Same Week Last Year

Fox News: -4 percent

MSNBC: -4 percent

CNNLOL: -33 percent

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