Posted at 8:49 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

A changing of the guard…

Sitrep: The Unipolar Moment Is Over; The Multipolar Moment Is Here
March 22, 2021

By Chris Faure for the Saker Blog

Shortly after Mr.Biden characterising Mr.Putin as a killer and more, Mr.Putin invited Biden for a public and live online discussion, saying that it would be beneficial for both the N.American as well as the Russian people.

This morning we find this bluntly devastating shot across the bows from the Russian Foreign Affairs ministry.

The final sentence, not included in the image, reads as follows: “Responsibility for this lies entirely with the United States.”

Setting this in context, the contrast between Mr.Lavov’s ongoing visit to China, and the so-called ‘strategic’ meeting between the United States and China at the end of last week, cannot be more stark.

More…

Posted at 8:25 AM (CST) by & filed under General Editorial.

Great and Wonderful Monday Morning Folks

      We start the first trading day of Spring with June Gold down $4.30 with the trade at $1,739.70 after the dip down to $1,728.60 with the high at $1,749.20. Silver is still their big problem with the trade at $25.82, down 50.1 cents after the algos dipped it to $25.45 with the high at $26.35. The US Dollar’s value is following the metals with the peg at 91.775, down 15 points, near the low at 91.755 with the high at 92.175. Of course, all of this happened before 5 am pst, the Comex open, London close, and after another eventful exchange regarding WallStreetBetz, the exchange that protect the illegal short selling of shares above and beyond the real numbers, and those doing the questioning in congress. I especially loved it when one of the critters of congress said a website, where uneducated people go to talk about stock markets, could actually damage the markets integrity. Really?

      In Venezuela, there may be an issue with my currency calculations, with Gold either trading at 3,134,297,246.46 Bolivars, or 17,375.25 Bolivars. See the issue here, if you type in the word “Bolivar”, you’ll see 3 different currencies with 1 considered obsolete. Silver, under the same currency is either trading at 257.88 Bolivars or 46,518,109.39 Bolivars, don’t know about you, but I prefer the higher prices. In Argentina, Gold is now valued at 158,842.45 Peso’s, a loss of 15.63 since Friday morning with Silver at 2,357.45, a loss of 36.17 A-Peso’s. Turkey latest price for Gold traded at 13,800.33 Lira proving an increase of 1,146.32, after Erdogan fires central bank head over the weekend, with Silver last price at 204.68 T-Lira, proving a gain of 14.08.  

      March Silver’s Delivery Demands now stand at 941 contracts waiting for receipts with a Volume of 82 already up on the board with a trading range between $25.955 and $25.54 with the last purchase at $25.69, down 60.2 cents so far today. Friday’s full day of trade happened with only one price posted, at $26.055 which had a total of 194 swaps, yet Comex calculated its close at $26.292, a loss of 2.9 cents that helped reduce the demands by 107 contracts. What do you think, did the centrals know that banker in Turkey was fired before we got word? Silver’s Overall Open Interest gained 655 more short contracts bringing today’s early morning total to 161,531 Overnighters to trade against the shortages in the warehouses that will never be confirmed by any third party, or their gig would be up.

      March Gold’s Delivery Demands are way the heck up there at 1,179 fully paid for contracts waiting for receipts with no Volume, so far today. Friday’s full day of ICE deliveries happened in between $1,742.20 and $1,733.60 with the CCC at $1,741 which had a total of 13 contracts being swapped. The first 11 swaps were done early Friday morning at the high, the last two were at the bottom, with these trades helping to raise the demand count by 1. Gold’s Overall Open Interest proves a gain of 5,266 paper contracts to trade against the physicals bring the early morning count to 472,882 Overnighters.

WallStreetSilverBacks are claiming their ape-ry has buried the Perth Mint. We’ll see in the future, in the meantime, their meme’s are truly inspirational as we enter the Planet of the Silver Back Apes.

      John Adams did have a twitter page, not anymore (maybe) …

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    Enjoy the day, get more precious metals at these super cheap prices, Boy Scout Up, and as always …

Stay Strong!

Jeremiah Johnson

JeremiahJohnson@cableone.net

More J.Johnson content is available with purchase of a JSMineset subscription.

Posted at 7:15 PM (CST) by & filed under USAWatchdog.com.

By Greg Hunter’s USAWatchdog.com (Saturday Night Post)

Nick Barisheff, CEO of Bullion Management Group (BMG), is seeing an explosion of money printing in America and around the world.  Barisheff wrote a book in 2013 that predicted “$10,000 Gold” (per ounce).  Back then, the official U.S. federal debt was around $17 trillion.  Now, it’s $30 trillion.  Barisheff says his soon-to-be released follow-up book is going to be called “$50,000 Gold” as the U.S. now has tens of trillions of dollars in commitments, debt and off-book unaccounted for money.  Barisheff says, “Based on the amount of debt that is there, the current gold price should be at $3,000 (per ounce) and not $1,700, and it’s going to keep rising.”

One good reason precious metals are going to keep rising in price is Covid.  Barisheff explains, “Right now, you have massive debt and money printing like never before . . . other than going to Zimbabwe and Germany.  This is what’s happening.  When that happens, the value of the currency declines particularly against gold and silver.  The price goes up, and you end up with runaway inflation.  It can’t be anything else.  When you print too much money, you are going to have the price of goods go up.  Compounded with that, we have the biggest equity bubble ever in the United States.  The bubble is bigger than 1929. . . . All the valuation measures are at or above the 1929 levels already.  Real estate is in a bubble, especially rural and country properties.  On the other hand, commercial real estate such as hotels, retail and office, etc., are facing tremendous pressure because people are finding they can work from home.  The tenants are going bankrupt because of the lock-down measures.  Eventually, the landlords are going to start going bankrupt.  Then, mortgages will go into default, and it will make the 2008 crisis look like a party.”

More…

Posted at 8:40 AM (CST) by & filed under Jim's Mailbox.

Bill/Jim,

This is catastrophic for government finances everywhere. Everybody needs to more competitive to raise money, which will push interest rates higher! Soon the markets will collapse.

CIGA GG

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More dismal visuals from down under.
Bill

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Posted at 8:27 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

But for how long?

What Is The Shipping Container Shortage Telling Us About The Economy?
March 18, 2021

Via SchiffGold.com,

As Peter Schiff pointed out during a recent interview with NTD News, America has never done worse on trade. He called it a sign that we don’t have a recovering economy. In fact, we have a phony economy in danger of collapse.

The annual trade deficit for goods came in at an all-time high in January, increasing $3.4 billion to a record $221.1 billion. In another sign of the massive trade imbalance, there is a shortage of shipping containers to bring things into the US.

In a nutshell, the Federal Reserve is printing money and the US government is giving it to unemployed people who aren’t producing anything. As Peter pointed out, “They’re buying the stuff that people in other countries are employed making.”

So, it’s the productivity of the rest of the world that Americans are living off of, and the trade deficit evidences that and shows you that our whole economy, our whole recovery, is a fraud.”

Economic research assistant Weimin Chen says stresses on the world’s shipping infrastructure uncover additional clues about the economic outlook in the US.

More…

Posted at 8:24 AM (CST) by & filed under General Editorial.

Great and Wonderful Friday Morning Folks,

Gold is up $7.40 with the June Contract trading at $1,742 with the high at $1,746.70 with a low at $1,729.30. May Silver is down 11.1 cents with the trade at $26.24 after the dip to $25.925 with a high to beat at $26.29. The US Dollar’s value is pegged at 91.92, up 5 points with the high of London at 91.98 and a low at 91.665. Of course, all of this happened before the Comex open, the London close, during the Triple Witch Week, and while precious metals sales continue to skyrocket, more now than ever before, and thanks to a bunch of primates as well as other species who see and understand what is happening right now.

Gold in Venezuela is worth 17,398.23 Bolivar proving a gain of 132.84 overnight with Silver gaining 0.40 of a Bolivar with its last buy at 262.07. Argentina’s latest price for Gold now registers an 1,187.95 increase, with the last trade at 158,858.08 Peso’s with Silver adding 4.08 to its value with the last buy at 2,393.62 A-Peso’s. Turkey’s Lira has Gold valued at 12,647.81 showing a reduction of 266.54 Lira with Silver doing the same losing 2.05 with its last price at 190.60 T-Lira’s.

March Silver’s Delivery Demands remain constant with 1,048 fully paid for 5,000-ounce contracts still waiting for receipts with a Volume of 12 up on the board and a single price, $26.055, down 26.6 cents so far today. Yesterday’s full day of ICE deliveries happened in between $26.435 and $25.90 with the last purchase at $26.05 and a Comex Calculated Close tallied at $26.321, a gain of 29.1 cents on the day that had a total of 81 swaps that only reduced the demands by 18 contracts. Silver’s Overall Open Interest lost only 8 pieces of paper over the last 24 hours leaving a total of 160,876 Overnighters willing to monkey around the Comex while Silver is being removed at every level. Who’s gonna blink first, Comex or the Silver-Apes?

March Gold’s Delivery Demands are also constant with the count now at 1,181 fully paid for contracts waiting for receipts with a Volume of 11 up on the board and a singular purchase price of $1,742.20, a gain of $10 over yesterday’s close. Thursday’s full day of delivery trade happened in between $1,750.30 and $1,721.80 with the last buy at $1,727.40, after the CCC at $1,732.20, a gain of $5.40 that had a total of 138 new swaps that only reduced the demands by 85 contracts. Gold’s Overall Open Interest lost 3,400 contracts to short against the demands leaving a total of 476,616 Overnighters to trade against the physicals, until there is no more.

WallStreetSilver’s primates are making enough noise to cause Jeffrey Christian to come out and tell them how misguided they are. This should go over well since we all witnessed how off Christian was, when he challenged GATA’s stance, in front of the CFTC hearing, claiming that there is no manipulation. 10 years later, we have JP Morgan paying almost a billion dollars in penalties for manipulating many markets, including Silver.

Here is the look we have regarding anything this apologist says. All these are from Reddit’s WallStreetSilver group;

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This is what the centrals think will work;

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With Triple Witch Week ending after today’s trades, we keep ourselves mentally active;

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Perth Mint seems to be a focus lately for the primates and others, because they have run out of some Silver stuff.

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We will continue to teach others to hold physical Silver and Gold. With most people stuck at home for over a year, our kids may be picking up these reasons, early!

Find that smiles, and keep packing and stacking. If there is a delivery problem, it will be too late to get more at these cheap prices. Enjoy your weekend and have a prayer for all, and as always …

Stay Strong!

Jeremiah Johnson

JeremiahJohnson@cableone.net

More J.Johnson content is available with purchase of a JSMineset subscription.