Posted at 11:31 AM (CST) by & filed under Jim's Mailbox.

Bill,

Looks like Christmas sales sucked after all, wait for online sales to fail.

JB

JB,

Sales are going to be great! They’re going to be great…never mind.

Bill

Target Shares Plunge After Holiday Sales Missed Forecasts
January 15, 2020

Target shares plunged as much as 8.8% on Wednesday morning after it cut its fourth-quarter comparable sales view due to a rather depressing holiday sales season, missing the average Wall Street estimates.

2020-01-15_07-25-12

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Jim/Bill,

The title should read “He Knows When You’ve Been Sleeping”

The fix is in against the populace.

Banks benefit and the upper 10% benefit.

The bottom 90%……let them eat cake.

The pickle the FED is in:

Higher rates, which will definitely come, will decimate every financial institution!

He (Fed Chair Powell) continues:

“Meanwhile, we look like we are blowing a fixed-income duration bubble right across the credit spectrum that will result in big losses when rates come up down the road. You can almost say that that is our strategy”.

You think?

“Spurred by low interest rates and loose financial conditions, we estimate that total global debt will exceed $257 trillion in Q1 2020.
A total of more than $19 trillion of syndicated loans and
bonds will mature in 2020
.

edition.cnn.com/2020/01/13/economy/global-debt-record/index.html?utm_content=2020-01-13T20%3A30%3A57&utm_term=link&utm_medium=social&utm_source=twbusiness …

If rates begin moving higher sooner rather than later, the $19 trillion could trigger the collapse of the $257 trillion global debt, which in turn could trigger the quadrillions in derivatives.

The choices are clear…….either continue printing money and welcome hyperinflation or reverse the process to normalcy and welcome massive depression.

Now stop and think for a moment…where do you put your money to safeguard it?

Here’s a another pickle…….who benefits from QE?

Why do you think the major money center banks are reporting great earnings?

    -The Fed buying back prearranged auction sales at     enormous monetary benefit to the dealer community.

    -Guaranties to keep rates low and have the money     coming in from the Fed, goes right to the markets to     keep them afloat

    -Usury levels of interest rates on credit     cards…anywhere from 25% to 35% per annum

Simply look at the analysts’ breakdown of the banks’ earnings releases.

As Jim Rogers says:  “This will end badly”.

CIGA Wolfgang Rech

Sadly Wolfgang, they knew the day the current system was set up…!

Bill

He Knows You Know That They Know…
January 15, 2019

Authored by Sven Henrich via NorthmanTrader.com,

Last week we found out that Dallas Fed president Kaplan knows that the Fed is creating excess and imbalances in stocks. Yes, bloating the Fed’s balance sheet by over $400B in four months has a massive impact on stock markets. And billions of repo liquidity unleashed each day can be seen impacting the daily action as well (see: Repo Lightning).

So what’s Jerome Powell have to say about all this? Silence. Not a word.

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Jim/Bill,

Nice article. Yet Simon fails to mention the momentum gaining traction as an alternative form of transactional payments….GOLD.

This is very important as it cuts the time of dependency withdrawal, from the Dollar, from years…to a very short timeframe. No new alternative fiat currency need be developed. Gold will rule.

CIGA Wolfgang Rech

Uncle Sam Just Used Its Financial Nuclear Weapon Again
January 15, 2019

In August of 1945, the United States became the only country to drop nuclear bombs on an enemy.

Hiroshima and Nagasaki were largely destroyed in the blink of an eye. And the Japanese had no choice but to surrender to the Allies, finally ending World War II.

Ever since, world superpowers have been rapidly advancing weapons technology, constantly raising the bar for destructive power.

It won’t surprise you to find out that the most powerful and destructive weapon in the world, though, by far, is claimed by the United States.

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Posted at 11:17 AM (CST) by & filed under USAWatchdog.com.

By Greg Hunter’s USAWatchdog.com

On the surface, everything looks to be going swimmingly for the U.S. economy. The rest of the world may not be doing as well as the U.S., but according to the legacy financial media, there is no real trouble being reported. Below the surface, warning signs abound that the economy is in trouble now. One of the biggest warning signs is coming from the repo market that provides lending to financial institutions. Since mid-September, the Fed has been getting increasingly involved with providing funding as the banks that provided it in the past simply do not trust the other banks.

On Friday, the Fed pumped an eye popping $258.9 billion into the repo market. We find out now the Fed’s balance sheet has abruptly reversed, and added $500 billion in the last three months of 2019. Other reporting from the Fed’s own records reveals loans that amount to “roughly $215 billion per day flowing into the trading houses on Wall Street. . .”

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Posted at 10:56 AM (CST) by & filed under General Editorial.

Great and Wonderful Wednesday Morning Folks,

    Gold is higher in our earliest morning report with the trade at $1,552.30, up $7.70 after starting from a low at $1,546.50 with the high near by at $1,554.70. Silver is following along with the trade at $17.840 up 9.8 cents with its starting point at $17.770 with the high at $17.920. The US Dollar may be getting a nose bleed from its lofty height with the trade at 96.985, down 10.9 points with the high at 97.180 and the low nearby at 96.955. Of course all this was done before 5 am pst, the Comex open, the London close, and after another not so convincing Democratic debate occurred where a socialist is claiming “rigged” who also ignored the Veritas exposure.

     Venezuela’s Bolivar now has Gold valued at 15,503.60 Bolivar showing a much steeper climb than the last 2 day’s pullback recovering 85.90 overnight with Silver gaining 0.849 Bolivar, recovering very little from yesterday’s price drop. In Argentina, Gold is now valued at 93,136.31 proving the recovery of 695.03 A-Peso’s regaining all this past week loses and then some, with Silver only gaining back 7.07 A-Peso’s with the trade at 1,070.39. The Turkish Lira has Gold priced at 9,137.95 Lira recovering 41.52 T-Lira which was more than yesterday’s pullback but nowhere near Monday’s drop off with Silver at 105.017 regaining only 0.403 of a T-Lira. Gold’s recovering price swings may be predictive, stay tooned!

      January Silver Delivery Demands now show a count of 23 fully paid for contracts waiting for receipts and with 0 Volume posted so far this morning proving an increase of 13 more purchases during Tuesday’s trade. Yesterday’s Delivery Month trading range didn’t budge one inch as the Volume jumped from 2 to 17. So, the delivery month had a 2-cent swing ($17.875 – $17.855) with 15 additional purchases, all the while the (February and) March Contract(s) traded well below the delivery months prices, yet the Comex closed the Delivery price at $17.674, hmmm. Said another way, the delivery month has been trading higher than the futures contracts, and it has been going on for a while. In the old days (and maybe just ahead?), this type of action would stress a “shortage” of product to deliver. Of note, that was before Algo’s took over and this giant amount of “new paper” that has been applied to the price.

      Silver’s Overall Open Interest is proving the Resolutes are still on the field of play with this morning OI count at 235,551 Overnighters showing a gain of 454 since Tuesday’s early morning post. Gold, as expected, did make another New Life of Contract “Paper” High of 798,131 proving a gain of 1,043 ( in Open Interest) and at this price. This is proving our point that if there was a limit to how much paper is used on the exchanges, like the miner’s restrictions on hedge’s, prices would be different, sharply different, and most likely at new life of contract highs!

      The game goes on, as the Resolute Buyers step in with deliveries making a mess of things for the short traders. The prices will be ironed out in time, without a doubt, all one has to do is wait it out. So, keep your physical precious metals in hand and away from any third party, have that smile on your face, and no matter what, have a positive attitude in the head. As always …

Stay Strong!

J. Johnson

Posted at 11:19 AM (CST) by & filed under General Editorial.

Great and Wonderful Tuesday Morning Folks,

        Gold is trading at $1,543.70, down $6.90 and recovering from the Asian low at $1,536.40 with the high to beat at $1,549.50. Silver is leading the dip, with its price now at $17.755, off by 24.1 cents and trading close to its low at $17.690 with the high to beat at $17.985. The US Dollar, which has to be printed in heavy fashion, is now trading at 97.180, up 12 points and trading right by its high of 97.195 with the low at 97.060. Of course, all this was done already before 5 am pst, the Comex open, the London close, and after JPMorgan posted another profitable year in trade.

      The emerging markets currency watch continues to show the pressure applied to the precious metals (w/1 exception) as the Venezuelan Bolivar now shows Gold trading at 15,417.70 showing a reduction of 32.96 in value with Silver now at 177.328 Bolivars reducing its value by 2.697. In Argentina, Gold is now priced at 92,441.28 proving a loss of 32.71 A-Peso’s with Silver now valued at 1,063.32 showing a 13.39 A-Peso reduction in value. The Turkish Lira now has Gold priced at 9,096.43 Lira’s proving a gain of 29.71 in value with Silver at 104.614 a loss of 1.031 Liras.

      January’s Silver Delivery Requests are unchanged from yesterday’s early morning post with the count at 10 and with a Volume of 2 put up on the board late last night. So far, these 2 contracts have a trading range of $17.875 and $17.855 with the last trade at the high. Yesterday’s Volume gained 1 more buy before the end of the day as we now wait again for the Resolute Buyer to step in to buy more big bars.

      Open Interest says it all in the commodities arena. Those that continue to ignore this will find out in time what a commercial signal failure is all about and how it starts (and ends). Silver’s Overall Open Interest now stands at 235,097 Overnighters proving the paper contracts increased by 637. We’re only 9,099 contracts away from breaking new ground again as we get close and closer to the old high at 244,196 Obligations.

      Then we have Gold’s Open Interest, and it too continues to gain more paper promises, with last night’s Comex closing numbers showing an increase of 9,456 more short contracts being added in order to tell us “holders” how wrong we are about the price, bringing the total count to 797,088 Overnighters. Gold’s OI is now only 22 contracts away from making another new all time high in paper, not price!

      Even though the prices are lower, the stage is still set for a move to sharply higher prices. This will happen when the short contracts get forced out, as the precious metals become harder to find at these low prices. That will happen in time as the Resolute Longs still refuse to leave making things very uncomfortable for the shorts. The Resolutes have lots of gumption, far more than the armchair warriors in a criminal element still sitting in short contracts, as our “It’s Not Called QE – QE” continues, in order to keep the system liquid, and against the Resolutes!

      Regardless of the shorts and their paper game, keep that contagious smile on your face, and a positive thought in the head, and as always …

Stay Strong!

J. Johnson

Posted at 9:32 AM (CST) by & filed under General Editorial.

Great and Wonderful Monday Morning Folks,

      Gold is trading at $1,554.40, down $5.70 after being dipped to $1,547.00 with the starting point high at $1,563.10. Silver is down 8 cents at $18.025 after going below the Maginot line again hitting $17.940 before it recovered with the high at $18.130 which of course is the Sunday night opening price. The US Dollar, a continually printed product of bad math, is now valued at 97.165 up 8.7 points after being supported all the way up to 97.245 before losing steam with the low at 97.050. Of course, all of this occurred already during Asia and London’s trading times, before 5 am pst, the Comex open, and the London close, and after “death to liars” is being chanted in one nation specifically, which can be heard in many others as well, if one has the ears to hear and the eyes to see.

      Our Emerging Markets Currency Watch continues to show the control the primaries have over almost all other currencies with Venezuela’s Bolivar now pricing Gold at 15,450.66 showing a pullback of 32.96 from Friday’s trades with Silver at 180.025 Bolivar, giving back the exact amount taken during the previous days move. Argentina’s Peso now has Gold valued at 92,408.57, it too losing 165.12 in A-Peso value with Silver at 1,076.71 proving a 0.10 A-Peso gain. The Turkish Lira now has Gold priced at 9,066.72 showing a reduction of 42.57 in paper printed value as Silver holds on to its value with the price at 105.645, showing a gain of 0.326 in T-Lira Value.

       Comex Silver Delivery Demands now show 10 fully paid for contracts waiting for receipts and with a Volume on 4 up on the board so far this morning, with a trading range of $18.02 and $17.97 with the last 2 of the 4 purchases at $18.02. Even though the count is small compared to the paper used to control the price flow, it shows the constant need for large bar supply. It also shows how little value Comex considers the delivery issue we have as last Friday’s Volume of 2 still shows no price. Also, of note Friday’s Demand Count was at 41 proving 31 contracts got settled out here or in London during Friday’s “no need to price a delivery purchase” day.  

      Silver’s Overall Open Interest now posts a total of 234,460 Overnighters showing the short traders had to add another 218 more contracts into the market in order to keep the liquidity level, at a price the centrals demand against the buyers of physicals. Silver’s level of paper against the physicals remains elevated and consistent, and for years now. We’re not surprised that Gold’s Open Interest caught up as now both commodities are trading just below their life of paper contract highs. Silver’s All Time High in Paper is at 244,196 with Gold’s All Time High is at 797,110.

      This weekends weekly discussion with Jim and his team, inside the paid for side, added much more understanding to the events of the week. The team is discussing our present history in the making. Maybe even being the precursor to the greatest transfer of wealth in history. If one does not have the time to read or study over the week, the “paid for side” is one of the best purchases one can make. One can listen at any time on Sunday and at one’s leisure, or the discussion can be saved into a MP3 format to be listened to on the road on the way to work.

      REPO-mania is the event that was discussed and the question of why the western nations seem to hate Russia and China so much? “Because they are evil” doesn’t cut it anymore. That statement has been used for centuries now and still the questions surrounding their history have yet to be discussed. I think it would take an entire multi years long television series to go thru all of Russia’s written history, written by their own countrymen over the centuries allowed for everyone to read after their communism collapsed, and to compare their writings to those that wrote about them from western civilizations viewpoint. What else can be discovered that was not there before? It is apparent that Russia and China have an obsession with Silver and Gold, and it may have been always that way.

      Moving forward, first we witnessed Silver being pummeled with paper liquidity, then most recently Gold. However, since 2008 the Federal Reserve had to print, and continually do so ever since, Why? This is what is being discussed as it’s happening, live! Want to know more, consider getting into the paid side and be amazed!

     Keep your precious metals in hand, keep a smile on your face and a positive thought in the head no matter what, and as always …

Stay Strong!

J. Johnson

Posted at 10:33 AM (CST) by & filed under Jim's Mailbox.

CIGA Werner sends us a chart that needs no commentary at all except to ask what happened since 2010?
Bill

US Equities v Global Equities (ex US)

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Posted at 9:24 AM (CST) by & filed under USAWatchdog.com.

By Greg Hunter’s USAWatchdog.com (Early Sunday Release)

Former CIA Officer and counter-terrorism expert Kevin Shipp says the threat of outright war with Iran is over—for now. Shipp says Iran will change its strategy from overt conflict to covert conflict against the U.S. Shipp explains, “Iran has backed down. There is no question about that, and even their so-called missile strikes against the U.S. are basically just kicking sand, intentionally missing their target. Iran understands if they entered into a war with the U.S., they would be left with nothing more than a burnt stump. So, Iran is backing down . . . What Iran is going to do is engage in asymmetrical warfare. I think they are going to start activating their sleeper cells in the United States and other countries like Saudi Arabia. We are going to start seeing attacks on easy targets in places like Iraq and activation of cells within the United States.”

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