Posted at 11:16 AM (CST) by & filed under In The News.

J. Johnson’s Latest – Silver Is On Sale And The Resolutes Know It!
Great and Wonderful Friday Morning Folks,   

      Sales abound in the paper contracts of the precious metals arena with Gold’s “On Sale” price now at $1,458.50 down $7.90 and close to the low at $1,457.00 with the high at $1,473.90. Silver seems to be getting the worst of it with its trade at $16.755, down 25.5 cents after hitting $16.66 with the high to beat at $17.095. Even all the madness of the political crowds can’t budge the US Dollar from its lofty heights with the trade at 98.155, up 16.6 points, it too close to the ridiculous, I mean, its high at 98.17 with the low at 97.945. All this paper being thrown around way before 5 am pst, the Comex open, and the London close.    

      The holders of precious metals may not be happy with the price drops, but the buyers are thinking just the opposite with Venezuela’s Bolivar now pricing Gold’s value at 14,566.77, dropping 265.67 Bolivar overnight with Silver now trading at 167.34 losing 7.69 Bolivar. In Argentina Gold is now valued at 86,920.16 dropping 1,685 Pesos with Silver at 998.52 Peso’s dropping 47.05 overnight. In Turkey, Gold is now priced at 8,397.24 losing 134.81 T-Liras with Silver now priced at 96.46 T-Lira, a loss of 4.20.   

      November Silver Deliveries proved Comex had the receipts to deliver 215,000 ounces of Silver (43 fully paid for contracts) yesterday, leaving the Open Interest at 3 and with zero Volume and no trading range so far today. We await our Resolute Silver buyer. The more the Resolutes buy the cheaper the Comex prices, Heads he Wins Tails he Wins – Eventually! Remember this is a game against the biggest criminal element in history, it’s not supposed to be easy.   

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Posted at 9:29 AM (CST) by & filed under In The News.

J. Johnson’s Latest – Regardless of “Who”, Silver’s Resolute Buyers Continue…
November 7, 2019

Great and Wonderful Thursday Morning Folks.   

It looks like the price of Gold can’t shake off the weight of paper (for now) with the trade at $1,485.10, down $8.10 and close to the low of $1,482.00 with the high to pass at $1,493.60. Silver is still being kept within yesterday’s trading range with the trade at $17.525, down 7.3 cents with the low at $17.436 and the high at $17.645. The US Dollar’s trade is flat as can be with its value pegged at 97.805, up 4.1 points with the high right here at 97.85 and the low at 97.66. All of this was done before 5 am pst, the Comex open, and the London close.

      In our emerging markets currency watch we have declines in Gold but increases in Silver values across the board. In Venezuela, the Bolivar now has Gold priced at 14,832.44 showing a loss of 11.98 Bolivar for those that hold with Silver now priced at 175.03 Bolivar proving a gain of 0.748. In Argentina, Gold priced under the Peso is now at 88,605.16, showing a loss of 59.38 in A-Peso value with Silver holders seeing a price of 1,045.57 Peso’s proving a gain of 4.61 in the overnight. Over in Turkey, the Lira now has Gold priced at 8,532.05 proving a loss of 26.97 in T-Lira’s with Silver holders seeing their price under the Lira at 100.66 giving the holder a 0.205 gain in T-Lira value.     

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Posted at 9:27 AM (CST) by & filed under Jim's Mailbox.

From our friend Robert, a set of eyes from outside of the US.

Bill

Democrats’ ‘Star Witness’ Admits He Wasn’t On Trump-Ukraine Call, Sole Source Was NY Times
November 6, 2019

House Democrats have released the latest in the series of heavily-redacted transcripts of the secret hearings they had undertaken in recent weeks – that of Bill Taylor – the top US diplomat in Ukraine – ahead of his public testimony next week.

As The Hill notes, Taylor is viewed as a key witness who previously testified in meticulous detail about what he considered an effort by Trump and his allies to pressure Ukraine into opening investigations that would benefit Trump politically.

In leaked copies of his 15-page opening statement, Taylor voiced concerns that the Trump administration had withheld nearly $400 million in aid as leverage to get Ukrainian President Volodymyr Zelensky to open investigations into interference in the 2016 election and former Vice President Joe Biden, one of his leading 2020 political rivals.

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Bill/Jim,

If what we are seeing moves forward, we may be witnessing the “Unwinding” of the criminal element…

JB

Dangerous Liaisons: New York Fed and JPMorgan’s Incestuous Relationship
November 6, 2019

The Federal Reserve Bank of New York (New York Fed) is just one of the 12 regional Federal Reserve banks around the country. But it has amassed enormous powers for itself since the Federal Reserve was created in 1913. Three of those powers dwarf all others: the ability to create money electronically at the push of a button; the accepted right to meddle in the markets; and the supervision of some of the largest bank holding companies in America.

After Wall Street blew itself up under the indulging and incompetent supervision of the New York Fed in 2008 and it was exposed that the Fed had secretly created $29 trillion in electronic money to bail out zombie banks – most of that funneled out by the New York Fed – most rational folks would have assumed that Congress would have stripped it of supervisory and money-printing powers for bailouts. Insanely, that did not happen and here we are today with the same deeply-conflicted New York Fed creating its own money to dole out $690 billion a week in super-cheap loans to unnamed securities firms while buying up $60 billion a month in the debt of the United States. (The Fed doesn’t want you to call the $60 billion a month QE4 because that would strongly suggest that this is just Stage II of the continuing 2008 bailout of Wall Street and that QE-Infinity is coming.)

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Posted at 1:30 PM (CST) by & filed under Jim's Mailbox.

Jim/Bill,

Will only cryptocurrencies be used?

Dave

Sidewalk Labs Document Reveals Company’s Early Vision For Data Collection, Tax Powers, Criminal Justice
October 30, 2019

A confidential Sidewalk Labs document from 2016 lays out the founding vision of the Google-affiliated development company, which included having the power to levy its own property taxes, track and predict people’s movements and control some public services.

The document, which The Globe and Mail has seen, also describes how people living in a Sidewalk community would interact with and have access to the space around them – an experience based, in part, on how much data they’re willing to share, and which could ultimately be used to reward people for “good behaviour.”

Known internally as the “yellow book,” the document was designed as a pitch book for the company, and predates Sidewalk’s relationship and formal agreements with Toronto by more than a year. Peppered with references to Disney theme parks and noted futurist Buckminster Fuller, it says Sidewalk intended to “overcome cynicism about the future.”

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From our friend Werner.
Bill

Posted at 9:07 AM (CST) by & filed under In The News.

J. Johnson’s Latest – Is Today The Right Side of a V Bottom in Silver?

November 6, 2019

 Great and Wonderful Wednesday Morning Folks,    

      Gold has turned positive even with all that newly added “Never Ever Been Seen Before Life of Contract High in Comex Paper Open Interest” with the trade at $1,486.30, up $2.60 after the punch in the price gut low at $1,483.80 with the high at $1,490.30. Silver is simply not allowed to respond in kind as we observe the continual shorting without product as the paper game is allowed to overrule price discovery, until it can’t any longer, with its trade at $17.450, down 11.8 cents after being dipped to $17.36 with a high at $17.62. The US Dollar, really a basket of currencies set to trade against the precious metals, is down 18 points as well with the value at 97.625 and right beside the low of 97.61 with a high only 16 points from the low at 97.77. All of this activity happened before 5 am pst, the Comex open, and the London close.     

      Maybe observing the emerging markets currencies can prove how little the metals move under the US Dollar with all other currencies supporting the Dollar’s control (for now) with Gold, under the Venezuelan Bolivar now trading at 14,844.42, proving a 154.81 Bolivar drop in value of the first currency, as the government supports its fiat, with Silver now at 174.282 knocking off a hefty 50.94 in Bolivar value. In Argentina, the first currency’s price now stands at 88,664.54 showing a drop of 92.55 Peso’s with Silver at 1,040.96 Peso’s losing 30.38 A-Peso’s overnight. In Turkey, the Lira now has Gold pegged at 8,559.02 showing a loss of 67.12 T-Lira with Silver losing 2.707 with its price at 100.455 T-Lira.   

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Posted at 9:06 AM (CST) by & filed under USAWatchdog.com.

By Greg Hunter’s USAWatchdog.com

Edward Griffin, author of the wildly popular book about the Federal Reserve “The Creature from Jekyll Island,” is holding a conference this weekend called “Red Pill Expo.” It is all about waking people up from the illusions they are being told. Griffin explains, “The illusions are in health, in politics and in education. The illusions are in the media, in money and in banking, which is my specialty. So, people are coming, some of whom are informed, but most respond to the slogan we are using for the “Red Pill Expo,” and the slogan is ‘Because you know something is wrong.’ That sort of spells it out for most people, not just in America, but for people all over the world. People everywhere are being fed propaganda, lies and false stimuli of all kinds, but deep in their hearts, deep in their instincts, they know something is wrong.”

What’s wrong in the financial world with the longest expansion in history and the Fed starting QE (money printing) again? Griffin says, “We are living in a system of the banks, by the banks and for the banks, and that is the reality. . . . They see that the wheels are coming off. . . . The system of inflation in which we live cannot go on forever. . . . All systems of exponential growth always collapse. They come to an end at some point, and it’s hard to tell exactly at what point, but you do know there is a breaking point where it just moves beyond reality. The banks know this better than anybody. So, I am assuming that they feel they are at the end. You can smell it. You can see it. You can touch it almost. So, what do you do? . . . I think their thinking is, hey, we are at the end and let’s just grab all we can so when the system collapses, we will be okay. That is kind of a crude way of putting it, but I think they are going for broke because they know it is broke, and there is not much they can do about it.”

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Posted at 11:06 AM (CST) by & filed under In The News.

J. Johnson’s Latest – Apparently, Physical Silver Is Priceless!
November 5, 2019

 Great and Wonderful Tuesday Morning Folks,   

      Gold is lower in the early morning with the trade at $1,501.80, down $9.50 and right beside its low at $1,500.40 with the high at $1,511.90. Silver is still following with its trade at $17.96, down 9.6 cents and it too right beside its low at $17.94 with the high not that far away at $18.085. With the drop-in precious metals price, one would think the Dollar is in a super rally but alas, the fiat is up only 12.4 points with the trade at 97.48 and right beside its high at 97.50 with the low down at 97.275. All of this was done during London’s trading period, before 5 am pst, the Comex open, and the London close.   

      We apparently have a mishmash occurring in the emerging currency markets with the Venezuelan Bolivar rising causing Gold’s price to drop with the trade at 14,999.23 Bolivar, losing 133.83 in value with Silver at 179.376 down 1.897 Bolivar. In Argentina, where the zeros have yet to be lopped off the currency’s value (like Venezuela did a few years ago), Gold is now trading at 89,590.04 showing a loss of 794.18 A-Pesos with Silver at 1,071.34 it too losing 11.34 A-Pesos. In Turkey, the Lira now has Gold gauged at 8,626.14 Lira giving the holders of Gold a 6.61 T-Lira gain with Silver at 103.162 showing a lose of 0.085 in T-Lira value.    

      The November Silver Deliveries continue to confound me with its Open Interest numbers, which legally requires 100% margin in order to hold a position in the contract. Truly there can’t be someone trying to day trade inside the delivery month, the lack of liquidity is suicide to the day trader, so what are these numbers about? November Silver’s delivery count is now at 23 contracts waiting for receipts and with a Volume of 1 up on the board, and once again with no price. Yesterday, the Open Interest was at 16 which proves a 6 lot “buy”. So, where is the price for this increase in deliveries? Is Silver truly Priceless? Sometime during yesterday’s Comex trading period, the Volume went from Zero to 23 and with No Price once again! Spread trade, exit or entry, new purchases, yada yada yada, all require a price in order to sustain the math, yet even those people that work on the exchange cannot answer what is going on, and we’re supposed to trust the numbers? Not!   

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Bill Holter’s Commentary

Deutsche Bank is a dead man walking and will be far more meaningful than Lehman when they finally do go down. There were rumors last week of their bankruptcy, and now more rumors today. No matter how they paint the tape in precious metals today, the $64 trillion question when DB does go down is …got gold?

The Deutsche Bank Death Watch Has Taken A Very Interesting Turn
November 5, 2019

Authored by Michael Snyder via The Economic Collapse blog,

The biggest bank in Europe is in the process of imploding, and there are persistent rumors that the final collapse could happen sooner rather than later.  Those that follow my work on a regular basis already know that this is a story that I have been following for years.  Deutsche Bank is rapidly bleeding cash, they have been laying off thousands of workers, and the vultures have been circling as company executives desperately try to implement a turnaround plan.  Unfortunately for Deutsche Bank, it may already be too late.  And if Deutsche Bank goes down, it will be even more catastrophic for the global financial system than the collapse of Lehman Brothers was in 2008.  Germany is the glue that is holding the EU together, and so if the bank that is right at the heart of Germany’s financial system collapses, the dominoes will likely start falling very rapidly.

 

 

 

 

 

 

 

 

 

There has been a tremendous amount of speculation about Deutsche Bank over the past several days, and so let’s start with what we know.

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Posted at 9:18 AM (CST) by & filed under In The News.

J. Johnson’s Latest – Comexian Antics, Bank Failures, and The Power Of Print Failing!
November 4, 2019

Great and Wonderful Monday Morning Folks,   

      Gold is trading higher again as we wait for the “Comexian Antics” to start with the December trade at $1,515.20, up $3.80 with the high close by at $1,516.50 and the low at $1,510.80. Silver is up as well and equally unmoving as Gold with the December contract at $18.15, up 9.8 cents with the high at $18.18 and the low registered at $18.045. The US Dollar, which needs to be printed in order for the banks to keep Silver, Gold, and all commodities at bay, is now valued at 97.11, up 6.9 points and close to the high at 97.155 with the low just below the Maginot line at 96.975. All of this happened after daylight savings time, before 5 am pst, the Comex open, and the London close.   

      Gold in Venezuela is now priced at 15,133.06 Bolivar, proving a gain of 23.97 in value with Silver now priced at 181.273 it too gaining 0.25 of a Bolivar. In Argentina, the Peso has Gold’s value pegged at 90,384.22, a gain of 284.62 Peso’s since Friday’s early morning quote with Silver at 1,082.68, a gain of 2.99 A-Pesos. In Turkey, their currency, the Lira, now has Gold’s value pegged at 8,619.53 Lira, gaining 40.49 with Silver losing 0.554 in T-Lira value with its early morning price at 103.247 Lira.    

      Once again the “Comexian Antics” are carried forward as we still question the Comex numbers when it comes to the real factor of deliveries with the November Silver Demand Count now at 16 fully paid for contracts waiting for receipts proving a drop of 60 obligations and with no price given all day Friday and so far today as well. Were these demands for physical Silver delivered here, or in London, or is it one of those Comex things that is no one else’s business?     

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Citi Predicts The Greenback Could Weaken ‘Substantially’ — To As Low As 85 On The Dollar Index
November 1, 2019

The U.S. dollar index could fall to as low as 85 as the Federal Reserve grows its balance sheet again by purchasing more bond assets, a Citi strategist said Thursday.

“Our latest projections are that it would weaken even further — maybe to the high 80s, perhaps even as low as 85,” Mohammed Apabhai, head of Asia Pacific trading strategies group at Citi, told CNBC’s “Street Signs.” Technical analyst Daryl Guppy said last year that 85 is a “historical support level” for the dollar.

The dollar index is a measure of the greenback’s value relative to a basket of currencies, largely made up of the United States’ most significant trading partners.

The Fed increases its balance sheet by buying up bonds and Treasurys as a way of pumping cash into the market. That in turn makes bond yields — which move inversely to prices — drop as the bond prices rise. The dollar usually weakens when bond yields fall.

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