Posted at 10:54 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

Every step forward for China is a step backwards for the dollar…

How Chinese Financing is Fueling Megaprojects Around the World
January 7, 2020

How Chinese Financing is Fueling the World’s Megaprojects

On a mountaintop a few miles north of the bustling streets of Harare, Zimbabwe, a curving, modern complex is beginning to take shape. This building, once completed, will be the home of the African country’s parliament, and the centerpiece of a new section of the capital city.

Aside from the striking design, there’s another unique twist to this development — the entire $140 million project is a gift from Beijing. At first glance, gifting a country a new parliament building may seem extravagant, but the project is a tiny portion of China’s $270 billion in “diplomacy spending” since 2000.

AidData, a research lab at the W&M Global Research Institute, has compiled a massive database of Chinese-backed projects spanning from 2000–2017. In aggregate, it creates a comprehensive look at China’s efforts to grow its influence in countries around the world, particularly in Africa and South Asia.


Bill Holter’s Commentary

Again, they will say “you were warned”!

World Bank Warns Of Global Debt Crisis Amid Borrowing Buildup
January 8, 2020

The World Bank has highlighted the risk of a fresh global debt crisis after warning of the biggest buildup in borrowing in the past 50 years.

In its half-yearly Global Economic Prospects (GEP), the Washington-based organisation said of the four waves of debt accumulation since the 1970s, the latest was the largest, fastest and most broad-based.

The World Bank, which provides loans and grants to developing and emerging economies to help tackle poverty, said there could still be a financial crisis even though historically low interest rates were making debts more manageable.


Posted at 10:38 AM (CST) by & filed under General Editorial.

Great and Wonderful Friday Morning Folks,

     Gold continues to show what pressure can do when more paper is applied to the “buy” with Gold at $1,550.30, down $4 after hitting a low of $1,546.70 with the high at $1,555.00. Of note, none of this activity created a new low so far with the trading range remaining inside yesterday’s attempt to scare out the Resolutes. Silver is actually doing better than Gold with its trade at $17.925, down 1.1 cents after hitting a low of $17.860 with the high nearby at $17.975. Yesterday’s early morning low was beaten out by 1 penny before the trade went dormant with the yesterday’s low still intact. The US Dollar still has the “support of print” with its trade at 97.22, up 5.8 points with the high at 97.30 and the low to beat at 97.095. Of course, all of this happened already, before 5 am pst, the Comex open, the London close, the US Unemployment report, and before China pulls another “we won’t sign” this deal (until?), a very easy thing to see if one simply applies pattern recognition to the subject.

      In Venezuela, Gold’s price is now set at 15,483.62 Bolivar discounting the value by 24.95 Bolivar with Silver now trading at 179.026 Bolivar showing a loss of 0.999 in the overnight. In Argentina, the Peso now has Gold valued at 92,573.69 Peso’s proving a drop of 272.63 overnight with Silver at 1,070.61, subtracting another 5.53 in A-Peso value. In Turkey, Gold’s value is pegged at 9,109.29 Lira proving a loss of 29.47 with Silver still being held down as well with the trade at 105.319 T-Lira, showing a loss of 0.653.

      January Silver Deliveries proved the Resolute(s) needs are still being met with the demand count now at 41 fully paid for contracts waiting for receipts to be filled here, or EFP’d over to London, and with zero Volume posted up on the board so far this morning. In yesterday’s early morning report, we had a Volume of 13 posted, but by the end of the day that Volume jumped to 38, yet the trading range remained so constant it boggles the mind. January 9th Delivery month purchases, and sells, only had one price posted at $17.76, and still they adjusted the closing price at $17.860. The Demand Count increased by 9 proving once again the reasons why we distrust Comex math and its regulatory body which only seems to rubber stamp central bank needs. So, we’re to believe that the entire day’s negative trade activity, kept the continued purchases at one price, all day long? Riiiight!

      Silver’s Overall Open Interest only lost 134 paper contracts during yesterday’s trades (right up to right now) proving the Resolutes are not buying the storyline the media induced as they attempted to gaslight the lie of a starting nuclear war, which failed in spectacular fashion leaving the Overall Open Interest at 234,242 Overnighters in order to keep Silver subdued. Silvers Open Interest is so elevated that we are less than 10,000 more pieces of paper away from making another paper contract high that was made when Trump killed it in 2016. Even Gold’s Open Interest continues to climb with last nights Comex closing tally at 786,392 Overnighters proving the addition of 1,269 more contracts were needed but failed as the Resolutes stay in the trade.

      Comex can add the paper but not the physicals. We support those that are Resoluting against the shorts, who buy the physicals from the supposed last resort, the Comex. Everyone who buys and holds physicals, has a stake in the trade that goes against this papered lie called the Comex Price. This is why we are as constant as the Resolutes, in fact we believe they already won it all. Of course this will be proven when the Open Interest starts to collapse, as the prices spike higher, when the Comex is be forced by law, to supply the physicals, they claim has this fixed value (that Comex created by oversupplying the paper contracts), while the mining sector proves they have slowed their extractions because of this artificial value created by paper and not the physical supply and demands.

      Have a great weekend, hold on tight to the facts, as well as the physicals. Keep the attitudes positive and the smile on your face, as we roll forward into the weekend. As always …

Stay Resolute!

J. Johnson

Posted at 8:54 AM (CST) by & filed under General Editorial.

Great and Wonderful Thursday Morning Folks,

      Gold got hammered yesterday and last night, after the word “Peace” was used with the trade now at $1,554.60, down $5.80 and recovering from the low at $1,541.00 with the high to beat at $1,562.40. Silver took the bigger hit, because it’s Silver, with the trade at $18.025, down 14.2 cents with its starting recovery at $17.825 with the high to beat at $18.225. The US Dollar, which is still getting support from the federal reserve “repo printing act” is now trading at 97.100, up 10.4 points after reaching up to 97.200 with the low at 96.955. Of course all this was done before 5 am pst, the Comex open, the London close, and only after Gold spiked to new life of contract highs in the EuroCurrency.

      In Venezuela, Gold’s new and temporary buying price is now at 15,526.57 Bolivar showing a drop of 241.70 overnight with Silver now at 180.025 Bolivar, losing 3.895. In Argentina, the Peso now has Gold priced at 92,846.32 proving a 1,503.87 A-Peso reduction with Silver now trading at 1,076.14 giving the buyer a 24.41 A-Peso discount, in what I think may last for a very short period of time. In Turkey, where the Lira controls the trade, Gold is now priced at 9,138.76 showing the reductions at 259.94 T-Lira with Silver dropping 3.645 in T-Lira value with the price at 105.972.

      January Silver’s Delivery Requests are now at 32 fully paid for contracts waiting for receipts and with a Volume of 13 up on the board with a trading range of $17.760 (high/low/last) showing a 32.8 cent loss for the seller but a huge gain for the holder as our Resolute Buyer may still be in need. This proves the Delivery Count increased by 16 contracts during yesterday’s trades. 

      Silver’s Overall Open Interest is where the paper meets the physicals, in a free for all fashion (inside a criminal element arena of play as the DOJ observes) with the total count right now at 234,376 Overnighters proving only a 20-count drop in all paper that controls Silver. In short, yesterday and last night’s activity did very little in attempting to scare out buyers, in fact it seems they didn’t scare anybody, as the Resolute Longs remain. Gold’s Overall Open Interest has leveled off but at the extreme count of 787,584 Overnighters with the new Life of Contract Paper High of 797,110, which was established this past Monday. So, if the price fell but very few Resolutes left the field of play, does that mean a short-term drop?

      We think so and this is the reason why we suggest chartists, who ignore the paper behind the price, may be missing the reason how the market gets controlled. Strict chartist will never know the Open Interest has more “tell” than the price. 

      In the meantime, we wait, as nothing has changed. The repo markets continue to require newly printed cash in order for the centrals to stay in place, at the same time all this paper is being applied behind the price which has remained super-elevated. We’ll continue to support the Resolutes, and the buyers of physical, while the centrals continue to need more printed cash. Enjoy your day, keep the attitudes positive and a smile on your face no matter what, and as always …

Stay Strong!

J. Johnson

Posted at 9:41 AM (CST) by & filed under General Editorial.

Great and Wonderful Wednesday Morning Folks,

      Gold is trading higher again with the last quote at $1,578.80, up $4.50 after racing to $1,613.30 when the markets reopened last night with the low at $1,575.50. Silver followed a bit, but was the-first-to-not-move, with its last trade at $18.415, up 2.2 cents after reaching $18.895 with the low right here at $18.375. The US Dollar, where most large algos run to when the war drums sound, is barely moving as well yet is trading at 96.89, up 18.02 points and at the high with the low at 96.525. Of course, all this was done before 5 am pst, the Comex open, and the London close, and after Nancy saved us all from a quick Senate acquittal (so says Schumer).

      In Venezuela, Gold is now trading at 15,768.27 Bolivar, giving back the exact amount (114.86) taken during yesterday’s missive with Silver 183.920 Bolivar, gaining 2.996 in value, almost catching up to yesterday’s take. Argentina’s currency now has Gold priced at 94,350.19 A-Peso’s gaining 749.86, slightly more than what was taken previously with Silver at 1,100.55 A-Peso’s, capturing back almost all of that which was removed. Turkey’s Lira, which should be showing much larger upward swings because of its proximity to the staged events of the day, now has Gold priced at 9,398.70 T-Lira, showing a gain of 34.95, which is only half of what was taken with Silver at 109.617 Lira, regaining 1.404 T-Lira, as we wait for it’s value to recover all that was taken since Monday. So, why is Turkey’s currency not showing concern, like the others, after the Iran’s missile launches and that downed airplane in their airspace?

       January Silver Delivery Requests proved a gain during yesterday’s trade regardless of the change they made, during the Comex trading period, adjusting the demand count from 6 to 5. Then our Resolute Buyer came in with a Volume of 33 inside a trading range between $18.29 and $18.015 (opening) with the last trade priced at $18.316 ending with the adjusted close at $18.345. 

      Today’s January Silver Delivery Count sits at 16 fully paid for contracts proving either 17 of these purchases (made yesterday) were given receipts here at the Comex, or sent to London, so they can be sent back here again(?), or 27 contracts were settled and this is what is left to deliver. So far this morning we have a Volume of 5 up on the board with a trading range between $18.505 and $18.245 with the last single lot order at the low price (of course). That 1 lot order is far more valuable than the previous 4 (to those that set the price, not the buyer).

      Silver’s Overall Open Interest now sits at 234,396 Overnighters proving a gain of 115 Obligations inside yesterday’s 21.4 cent move. Commercial Signal Failure signs are here, but so is the idea of a pullback. Apparently, the shorts still refuse to leave their most uncomfortable positions as the market continues to climb. Now that’s confidence oozing out of every pore, since they have a federal reserve back up system in play installing liquidity and during a non-liquidity crisis in Repos. Nope, nothing to worry about here (yet).

      We need common sense to prevail in all things. Prayers are now needed for our soldiers, who are once again in harm’s way, and for peace to prevail. Have your precious metals in hand, keep a positive attitude no matter what, and as always …

Stay Strong!

J. Johnson

Posted at 4:20 AM (CST) by & filed under

By Greg Hunter’s

Financial writer and book author John Rubino sees the world careening toward a debt reset at an increasing pace. Rubino explains, “The coming monetary reset and what that means for gold and what that means for the rest of the global financial system, you don’t need a war to bring that about because we are making enough financial mistakes that will get us there in no time flat now without geopolitical turmoil. If you add a big war in the Middle East into the equation, then anything can happen. A scenario right now that is very, very feasible is we start shooting in the Middle East and Russia and China is on the other side of this in one way or another. They help Iran, and we have our allies helping us, and we start using these next generation weapons that are breathtakingly powerful. Nobody has any idea what’s going to happen when we start throwing these things at each other. . . . Oil spikes to $100 – $150 per barrel, and that tips the already extremely fragile global financial system over the edge. So, we get the ‘Greater Depression’ or the monetary reset or a hyperinflation or whatever we get sooner rather than later. It’s a disaster for everybody when it happens that way.”


Posted at 4:19 AM (CST) by & filed under Jim's Mailbox.


A supposed party with possible knowledge inside IRGC says that since yesterday evening, 56 IRGC commanders have been arrested by the IRGC’s intelligence organization. I have not confirmed this as I have no reason to do so, so take this as plausible rumor.

This would presume IRGC being cleared of spies at the moment so no Iranian response until spy/spies found. This is believable as they did this about a year ago. One imagines they have much dissent within the ranks.

So if missiles have hit Iraq as you said, then they must feel confident in their cleansing.

By way, Putin was in Syria today.

Early today several” B2 Stealth Bombers departed their facilities at Whiteman Air Force Base. Cannot mention the specific takeoff time. The Callsigns for these aircraft were “Death-(#)”

Also earlier today, a “herd” of C-130 Hercules transport aircraft took off together from the US East Coast.

You no doubt saw that the coalition have started to move to Kuwait. I can only imagine that a departure from Iraq will be a reality, regardless of what is being said. And I still think there are chess pieces in play not visible.

I am more concerned about the impact potential hostilities will have on the markets with bank fallout as the liquidity is not there. On the Monday the 6th the Fed offered offered $76.9 billion in the overnight Repo facilities, while their exposure for the 1st of January was $255billion. This is not going away anytime soon.

As I have told you this is a international crisis of liquidity that has been brewing for a long time overseas and clearly has grown to domestic issues where markets tie together. There is simply not enough liquidity in the system at this time to alter the mess to come as the Fed is trying to fix a domestic problem while it is being played internationally, while the Primary Dealers in the US are more than happy to profit from the cheaper rates the Fed is trying to maintain. Meanwhile Main Street is being clobbered and many jobs are risk as liquidity woes tank companies.

Cheers, Robert

Posted at 1:29 PM (CST) by & filed under General Editorial.

Great and Wonderful Tuesday Morning Folks,

      Struggle as they may, precious metals are here to stay. Why? Because money is not earned by the banks, they simply print it to keep control of everything (for now) with Gold being held in check after yesterday’s little wake up with the trade at $1,567.30, down $1.60 after being knocked down to $1,557.00 with the high so far at $1,572.70. Silver is doing the same, held in place by the Papier-mâché of the markets with its price at $18.115, down 6.4 cents and recovering from the low at $17.975 with the high at $18.255. The US Dollar’s trade now sits at 96.475, up 12.5 points and right by the high at 96.520 with the low at 96.310. Of course, all of this was done while we slept, before 5 am pst, the Comex open, the London close, and still no impeachment papers by Nancy.

      The fiat issues may really be percolating and showing up first in the emerging markets as Silver lost more value in all 3 currencies we watch, than what was gained during yesterday’s rally which set off the algo emergency control mechanism. Maybe the volatility from yesterday has a far broader meaning for those involved in the global currency swaps. Imo, a war with Iran simply isn’t a big enough issue to cause all the (real and fiat) currency swings. Could it be the Iran issue is a head fake? For instance, in Venezuela, Gold’s price now rests at 15,653.41 Bolivar showing a pullback of 114.86 with Silver at 180.924 Bolivar proving a loss of 3.495 (when it gained 2.447 yesterday). In Argentina, Gold’s price is now at 93,600.33, proving a loss of 707.39 A-Peso’s as Silver loses 20.81 (yesterday’s gain was 14.72), with the price now at 1,081.38 A-Pesos. In Turkey, the Lira has Gold’s value at 9,363.75 showing a 71.40 T-Lira drop in value with Silver now at 108.213, it too, losing 2.143 T-Lira (yesterday’s trade was a 1.515 gain). Silver is and will, become more volatile, stay tooned!

      January Silver Delivery Demands now show a count of 6 fully paid for contracts waiting for receipts proving a drop of 78 obligations from yesterday’s trade with the receipts either being given here at the Comex, or sent over to EFP-Island and with a single trade done so far at $18.015 today. Yesterday’s activity in the delivery month was pathetic as only a Volume of 3 was posted with a trading range between $18.105 and $18.025 with an adjusted closing price at $18.097.

      Silver’s Overall Open Interest, which is totally ignored by those that have no clue how it controls the price, continues to tell the story with the total count now at 234,281 Overnighters, proving the short traders added another 498 more positions in order to tell all of us holders how wrong we are about their claimed price value. At the same time Silver’s OI gained, Gold lost a few shorts after Sunday nights little blast into a 7 year high most likely burying a few unprepared firms.

      As of this morning, Iran seems to be nowhere in the news (except Breitbart), but Weinstein is, not only on the west cost but also the east with some very uncomfortable actors waiting to be outted. Then there’s the recently fired war monger Little Johnny Bolton, who claims to have something to tell as the game of obstruct, delay, f**k sh*t up, moves forward by those that are called deep state. This is the time to look for our Resolute Buyer to step in again. If the price takes a hit, he may be right there, ready to buy more as Deutsche Bank, the criminal element, and other issues that surround the Comex crimes, get ignored by media but not the DOJ.

      Enjoy the day, hold on to the real and buy more physical on the dips. As a cavate, none of this is trading advice what so ever, this is all about holding real money, while the fake gets destroyed inside the control mechanism of the criminal element. Keep the attitudes positive, enjoy the day, and as always …

Stay Strong!

J. Johnson