Posts Categorized: In The News

Posted by & filed under In The News.

Bill Holter’s Commentary

This is extremely important if you understand 5G capabilities.

SOTN: Alternative News, Analysis & Commentary
June 5, 2019

 

 

 

 

 

 

 

 

 

 

State of the Nation

The preceding screenshot was taken from a class action lawsuit aimed at first slowing down and then vacating the FCC “order and declaratory ruling purporting to streamline the deployment of wireless facilities by pre-empting local government authority”.

It is critical for every U.S. citizen to understand that this illicit and highly consequential order by the FCC is wholly unprecedented.  It is also reckless to the extreme.  Much more significantly, however, this FCC ruling represents a massive and complex criminal conspiracy that will seriously injure the American people.

That the FCC would blatantly attempt to unlawfully arrogate power unto itself to foist 5G on the entire nation represents the height of federal overreach and governmental hubris.  Such an illegal order is clearly a tyrannical move by the U.S. Federal Government to improperly impose the deployment of 5G on every city and county in the 50 states.

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Bill Holter’s Commentary

This is also very important.  YouTube, Facebook, Twitter etc. were supposed to be “platforms” much like ATT was for telephone lines.  Instead, these mush for brains, disingenuous liberals, are censoring and silencing conservative and truthful commentary. Do you think the country might be a bit divided?

When Whining Becomes A Weapon: The Latest Youtube Ad-Pocalypse
June 7, 2019

Authored by Tom Luongo,

Google and YouTube’s war on free speech has just escalated again. And it won’t stop, folks. The latest incident involving hard-left Vox writer Carlos Maza whining to YouTube about Steven Crowder making fun of him is not only chilling but pathetic.

 

 

 

 

 

 

 

 

 

Carlos Maza is an activist who makes a living in the public forum. He is openly gay. Uses the twitter handle @gaywonk and regularly spews nothing but thinly-veiled violent rhetoric at anyone slightly to the right of Berthold Brecht.

Crowder’s crime is describing Maza in terms that Maza uses himself but does so derisively. And for that Maza believes Crowder shouldn’t have a platform on which to make a living.

This is now considered harrassment by emotionally-stunted man-babies.

And I’m not talking about Maza, here.

I’m talking about YouTube.

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J. Johnson’s Latest – Mexico has a Wild Card in the Tariff Game – Silver
June 7, 2019

Good Friday Morning Folks,   

      Gold is trading lower this morning after a pretty good run with the price at $1,339.50, down $3.20 after it was pushed down to $1,334.30 with the high just above the now at $1,340.40. Silver is slightly lower as well with the price at $14.89, down 1.5 cents and right smack in the middle of its trading range between $14.94 and $14.84. The US Dollar is equally as flat, almost as if the Algos had no idea what today’s Unemployment report will say, with the trade at 97.035, up 3.8 points after reaching to 97.13 with the low at 96.96. All of this was done sometime before 5 am pst, the Comex Open, and the London Close.      

      Venezuela’s Bolivar price for Gold is now pegged at 13,378.26, taking off 16.98 Bolivar from yesterday’s price with Silver at 148.714, losing .599 of a Bolivar. Argentina’s Peso has Gold priced at 60,137.35, removing 77.06 of value with Silver losing 2.766 at 668.469 Pesos. The Turkish Lira is pricing Gold at 7,827.89 proving a gain of 81.38 T-Lira with Silver’s price at 87.0117 gaining .6743 in value.    

      June Silver’s Open Interest now shows a post of 5 with no evidence of a trade done during yesterday’s watch but somehow removing 45 contracts. So far today the Volume is still saying Zero, but with no trades reported during Comex, it’s hard to say what is going on. I was watching to see if another sizeable purchase would be agreed upon and did witness an order to purchase 78 more June Contracts at $14.885 but nothing shook the seller’s interest. Silver’s Overall Open Interest continues to grow proving the shorts have a problem and are the issue with the count now at 219,380 Overnighters, gaining another 2,953 more shorts in order to add liquidity against the physicals.    

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Bill Holter’s Commentary

Wow, doesn’t this chart remind you of the monetary base…in the US?

 

 

 

 

 

 

 

 

 

J. Johnson’s Latest – Will the Mexican Border Crisis affect Comex Silver?
June 6, 2019

 Great and Wonderful Thursday Morning Folks,   

      We start our morning off with another rise in precious metals pricings with Gold at $1,341.20, up $7.60 and right beside the high at $1,341.70 with the low at $1,331.30. Silver is still tagging along with its price at $14.95, up .159 cents and is literally at its high with the low at $14.73. The US Dollar is showing some selling with the trade at 97.080, down 17.1 and 2 points off the low with the high at 97.39. Of course all of this happened before 5 am pst, the US Market open, and the close of London.   

      Venezuela’s Bolivar now shows Gold priced at 13,395.24 adding another 11.99 to the weeks tally with Silver at 149.313, it too adding another 1.049 Bolivar. As a reminder here, Venezuela loped off a few decimals from its old currency value. If we were to observe Gold in the old Bolivar value, Au would be at 13,395,235.00 Bolivar and Ag would be at 149,313.13 Bolivar (in a 100 ounce Au contract and a 5,000 ounce Ag contract). Argentina’s Peso, which still has all its numbers, has Gold trading at 60,214.44 Peso’s, proving a whoppingly large increase of 1,326.02 A-Pesos with Silver doing the same, gaining 7.778 Peso’s proving a price of 671.235 A-Peso’s. Turkey’s currency is now showing Gold’s price at 7,746.51, proving a gain this time of 8.764 Lira with Silver now at 86.3374, a gain of 1.4782 T-Lira in the overnight.   

      Our June Deliveries in Comex Silver had a good jump in purchasing during yesterday’s game play as the buyer found a price the seller was willing to give away physical, with the count now showing a 50 lot on the board and with Zero Volume again. This is a gain of 46 additional purchases with most of the buying happening at $15 with a few sells later in the day pushing the real cash price lower than the futures prices. The rest of the day’s trade was all about reducing the spot price below the futures value because that buy order pushed all the months’ prices higher. If those lone sell orders didn’t show, the spot (cash) price would have closed above the further months which would have caused another inversion. In the old days, this was a close your eyes and buy moment because that literally meant a shortage of product to deliver. Ironically the Overall Open Interest in Silver only gained 57 additional contracts proving the total to be 216,427 Overnighters with almost all of this being added into the Delivery Month, a first for me, not sure about anyone else.    

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J. Johnson’s Latest – The Sellers of Silver Continue on Suiciding Themselves
June 5, 2019

 Happy Hump Day Morning Folks,   

      Gold did a fine job of recovering from yesterday’s attempted smash and with some more follow thru with Gold now at $1,340, up $11.30 after reaching as high as $1,344.80 with a low down at $1,329.30. Silver is still being dragged along with its trade up 7.6 cents at $14.845 after it too reached higher at $14.895 with the low at $14.775. Looking at the US Dollar, we see the buyers are still buying, as if to escape the failings of another currency, with its value pegged at 97.030, up 3.1 points after reaching up to 97.075 with the low recovery happening after it dipped to 96.845, all of this was done while we sleep, before the Comex Open, and the close of London.    

      The Venezuelan Bolivar now has Gold priced at 13,383.25 Bolivar, gaining 103.87 overnight with Silver at 148.264 adding back 1.398 in Bolivar value. In Argentina, the Peso has Gold priced at 59,888.42 Pesos, jumping up 229.52 in the overnight with Silver now pegged at 663.466, a regain of 3.621 A-Pesos overnight.  The Turkish Lira now has Gold pegged at 7,658.87, losing another 62.07 in T-Lira value with Silver at 84.8592, it too losing .5346 in value. This is what keeps me charged up every single time I write. These movements are not for the faint of heart, and I for one, truly look forward to seeing these rises under the primaries. Oh Boy!!   

      June Silver deliveries are trying to show a slow start for the summer, but like the weather, that too may change as we observe the June Silver Delivery demands at 4 fully paid for contracts and with Zero Volume up on the board so far this morning. What I have been observing these past few days is an order out there to buy up to 94 more contracts at a specified price but not taken. This buyer may be trying to trigger moves in one direction or another than remove the order only to replace it again. If this is one person, this act is illegal, if it’s an Algo, it may not be illegal, who the hell knows anymore? One thing for sure the CFTC is quiet on the subject. Even with yesterdays attempted smash the Sellers of Silver continue on suiciding themselves by adding more shorts and refusing to get out while the prices move higher with the Overall Count now at 216,370 Overnighters after another 2,079 more shorts entered the trade in order to stay the price. Good luck with that!   

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J.Johnson’s Latest – Silver’s Overall Open Interest Points the Way of the Criminals
June 4, 2019

Good Tuesday Morning Folks,   

      Gold is higher again in the early morning but way off its high at $1,334.10 with the trade right now at $1,329.60 up $1.70 with the low at $1,326.60. Silver started giving its sell-signal during yesterday’s Asian trading period with the price now at $14.705, down 3.5 cents after reaching a high of $14.805 before the signal was applied with the low right close to the now at $14.695. The US Dollar took a late hit during yesterday’s trade with the value now pegged at 97.030, down 3 points after reaching as low as 96.90 with the high at 97.185. All of this was done while we sleep, with President Trump MAGA-ing in London, and before the Comex Open.    

      Venezuela’s Bolivar, the first emerging market currency to go nuts, now has Gold priced at 13,279.38, gaining another 73.91 Bolivar overnight with Silver now at 146.866 giving back some .799 of Bolivar value. Argentina, the second emerging market currency to go sharply lower and before some zeros get knocked off, now has Gold pegged at 59,658.90 adding another 465.29 Pesos since yesterday’s count with Silver at 659.845 taking back 2.066 A-Pesos of value from yesterday’s massive move. The Turkish Lira now has Gold pegged at 7,720.94, a loss of 50.72 from yesterday’s gains with Silver losing 1.6292 overnight with the going price now at 85.3938 T-Lira.    

      Yesterday’s mornings count for June Silver deliveries had a 50 marked up on the board and with zero Volume. I did not see any trades in size being applied at all during yesterday’s rally, in fact, the Volume was only at 2 most of the day but now the Open Interest in June Silver stands at 5 contracts with a Volume of 1 up on the board so far this morning proving a delivery of (ironically) 45 contracts either here or somewhere between here and the City of London. Silver’s Overall Open Interest points the way of the criminals with the count adding some 4,029 more shorts during yesterday’s trade. Imo, this is the last line of defense for the central planners and now the tally shows a total of 214,291 Overnighters helping to stay the price all the while someone is taking the physicals.  

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Bill Holter’s Commentary

A truly mentally whacked world…does this mean The Olympics are cancelled?

Dodgeball Is “An Unethical Tool Of Oppression”, Say Academics
June 4, 2019

Authored by Sofia Carbone via HumanEvents.com,

The left’s most recent addition to the list of things they find oppressive is: dodgeball.

Yes, the game you played in gym class when you were twelve.

The National Post released an article earlier today by Joseph Brean explaining how “dodgeball isn’t just an unethical tool, it’s a form of oppression.”

This week, three education theorists will present the premise that dodgeball is “miseducative” and teaches athletic privilege to the Canadian Society for the Study of Education at the Congress of the Humanities and Social Sciences in Vancouver, Canada.

The presentation argues that physical education is supposed to empower children via ‘democratic practices’, and dodgeball’s underlying message of athletic hierarchy and reinforcement of oppression undermines this.

Although dodgeball is the focus of the left for the time being, Brean points out fault in many childhood games, proving them to be similarly problematic. He describes capture the flag as ‘militaristic’ and says tag “singles out one poor participant, often the slowest child, as the dehumanized ‘It,’ who runs vainly in pursuit of the quicker ones.”

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Bill Holter’s Commentary

Nothing to see here even if the charts come from the St. Louis Fed themselves?

 

 

 

 

 

 

 

 

 

 

 

 

J. Johnson’s Latest – We Have a Wonderful Weekend of Positive Price Recovery!
June 3, 2019

Great and Wonderful Monday Morning Folks,   

      We start the week off with a higher price in Gold with the trade at $1,322.20, up $11.10 and right beside the high at $1,323.30 with the low at $1,310.90. Silver is up as well with its price at $14.785, up 13.9 cents and right beside its high at $14.79 with the low at $14.64. The US Dollar is trading lower with its value pegged at 97.56, down 10.6 points after dipping to 97.495 before the recovery with the high at 97.72. All of this was done way before 5 am pst, the Comex Open, and the London close.    

      The Venezuelan Bolivar now has Gold priced at 13,205.47, regaining 200.75 Bolivar with Silver now valued at 147.665 regaining 2.996 Bolivar. Gold priced under the Argentine Peso is now trading at 59,193.61, regaining a whopping 1,174.74 A-Pesos in value with Silver whopping out a 16.545 A-Peso gain at 661.911 Pesos. Turkey’s Lira now has Gold priced at 7,771.66 regaining 145.06 Lira with Silver now priced at 87.0230 regaining 2.2006 T-Lira, all in a wonderful weekend of positive price recovery, that is, in the emerging markets for now, soon it to will be hitting the primaries and much harder. Remember Gold contracts are 100 troy ounces, Silver has 5,000 in its contract.   

      June Silver’s Delivery system is in full swing with the demands for physical now at 50 contracts and with Zero Volume up on the board so far this morning. This is a drop of some 203 demands for physical with Harvey’s numbers showing 45 of these orders being delivered receipts so far. Silver’s Overall Open Interest is still showing elevated numbers which IS the only play left the central planners have to control the prices. The reduction is a little more than 1% as we are forced to wait for more data that should be “live” but instead is “delayed” with the Overall Count now at 210,262 Overnighters, losing only 2,589 obligations during Friday’s 12 cent gain. With the Longs sticking to their positions since the Trump presidential win, things should really start to turn higher, especially since we have our 45 in London, asking questions, including Julian Assange’s health, since he (supposedly) won’t be charged over the CIA leak.    

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J. Johnson’s Latest – Next Week Should Be Something To Behold!
May 31, 2019

 Happy Friday Morning Folks,   

      Gold starts the morning off higher with the trade at $1,302.10, up $9.70 after reaching up to $1,304.20 with the low at $1,292.50. Silver is still signaling with its trade at $14.485, down .6 of a cent right by the low at $14.46 with the high at $14.54, inside an 8 cent trading range with the reminder that humans should never short a quiet market. The US Dollar is going nowhere as well, with the trade at 97.995, down 5.8 points with its high at 98.085 with the low at 97.86. All of this activity already happened before 5 am pst, the Comex Open, and eventually a London close.   

      Our emerging markets view of Gold is showing the Nobel metal to be trading at 13,004.72 Bolivar, a gain of 198.75 overnight with Silver under the same conditions at 144.669, showing the continuing gains of .35 Bolivar. Argentina’s Peso now has Gold pegged at 58,018.87, regaining in “spike fashion” an additional 1,044.390 in Peso value. Silver under the Peso, is now priced at 645.366, gaining 3.332 in value, giving us hope this may be another turning point indicator to ponder that may help us out on the next rush up in price under the strained effects of the US Dollar. Turkey’s ties with the Dissolving European Union now shows Gold priced at 7,626.60 Lira gaining 79.79 in value with Silver pegged at 84.8224, still losing .2228 in T-Lira value.    

      May deliveries closed out 2 days ago with some of our data being delayed. Once given, it helped clear some of the questions we had as COMEX delivered 216 receipts proving the buy was real, and at the last moments in the scheduling. Now we wonder about those EFP’s to London and what the purpose is there?  June Silver’s Delivery demands now show a count of 253 contracts, fully paid for and waiting for receipts and with a Volume of 10 up on the board so far this morning, proving a drop of some 53 obligations during yesterday’s trades. Silver’s Overall Open Interest fell some more during the previous trade with the count now at 212,851, proving a loss of 772 more shorts in order to stay the price.    

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Someone Seems To Be Working Overtime, In Precious Metals
May 30, 2019

 Great and Wonderful Thursday Morning Folks,  

       Gold is trading lower this morning, that’s because yesterday was a positive day and it seems the rules of the exchange is “No Two Day Rallies Ever” with Gold now at $1,282.20, down $4.20 inside another tight trading range after the trade was pushed down to $1,279.20 with a high at $1,285.10. Silver is still signaling the Algos with its trade down 3.8 cents at $14.45 with the high at $14.485 and the low at $14.42, a trade swing of only 6.5 cents (someone seems to be working overtime). The US Dollar, the global currency lynch pin to it all, is now valued at 98.055, up 2 points after reaching up to 98.145 earlier with the low at 98.00. Of course all this is done way before America trades aka the Comex Open, and before the London Close.    

      The Emerging Currencies Market is showing Gold priced under the Venezuelan Bolivar to be trading at 12,805.97, taking back 62.92 Bolivar from yesterday’s gains with Silver at 144.319 gaining .998 in the overnight. The Argentine Peso now has Gold pegged at 56,971.28, losing another 588.77 of A-Peso value with Silver at 642.034 regaining 1.018 Pesos as the Silver Signal points higher under these 2 South American currencies. Turkey, which is closely aligned to the European mess now has Gold pegged at 7,546.81 proving a loss of 195.49 in T-Lira value with Silver at 85.0452 losing another 1.1704 in value.    

      Yesterday was the close out day for the May deliveries with the final count for physical Silver demands showing 194 fully paid for 5,000 ounce contracts waiting for receipts. Only 1 more purchase was made during the day but Harvey Organ’s count shows a settling of 119 leaving a balance. Hmmm, if we had a CFTC commissioner who was actually able to be reached and respond to our requests, we would ask them how this could be, then ask them about those Emergency EFP’s going to London these past few years and if they are really for physical deliveries or another part of the hidden paper play? But alas, these commissioners are not here to help us understand the play, they’re here to do something else. June Silver is now our delivery focus with the starting count at 306 obligations with a volume of 27 up on the board so far this morning. It is very possible that the 27 volume in June is an agreed upon rollover with more to come, time will tell, maybe.  Apparently, yesterday’s rally was all about the shorts exiting their trades as the Overall Open Interest lost 7,140 overnighters in order to stay the price with a possible measure of how much of a spike Ag would make since the longs are refusing to exit their positions, leaving the shorts in trouble. This is what we want to see, hopefully the longs, that have “stayed the trade”, are as serious about their positions as the physical buyers are, who have been sopping up as much physical at these prices, knowing full well the future will be counting Silver with a much higher US$ value.     

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Bill Holter’s Commentary

This was only a matter of time…

Malaysia Proposes Common Asian Gold-Backed Currency
May 30, 2019

For years, gold bulls had speculated that China has been quietly piling up physical gold, awaiting the moment to unveil a gold-backed currency, either after the dollar’s reserve status falters or before.

Today, the Malaysian Prime Minister Mahathir Mohamad took one large step in that direction when he proposed the launch of an Asian version of the euro: a common trading currency for East Asia that, unlike the euro, would be pegged to gold, describing the existing currency trading in the region as manipulative (perhaps in reference to China’s currency setting framework).

According to the Malaysian PM, the proposed common currency could be used to settle imports and exports, but would not be used for domestic transactions.

“In the Far East, if you want to come together, we should start with a common trading currency, not to be used locally but for the purpose of settling of trade,” he said at the Nikkei Future of Asia conference in Tokyo. “The currency that we propose should be based on gold because gold is much more stable.”

He said under the current foreign exchange system, local currencies were affected by external factors and were manipulated. He did not elaborate on how they were manipulated, and whether his complaint was against the dollar or the yuan. That said, Mahathir has long been a critic of currency trading, and according to Reuters, he once accused George Soros of betting against Asian currencies.

Incidentally, during the Asian financial crisis two decades ago, Mahathir pegged the ringgit currency at 3.8 to the dollar and imposed capital controls. That peg was scrapped in 2005.

Earlier this week, the Trump administration said that no major trading partner met the criteria required to be placed on the U.S. Treasury Department’s list of its currency manipulators, it named Malaysia among nine countries that required close scrutiny. In response, Malaysia’s central bank said on Wednesday its intervention in currency markets was limited to managing excessive volatility.

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