Posted at 12:10 PM (CST) by & filed under In The News.

Bill Holter’s Commentary

We would ask, if you sold your gold then what currency exactly would you sell your gold for?

The Markets Always Win Out (On Economics)_001

The Markets Always Win Out (On Economics)_002

Posted at 8:59 AM (CST) by & filed under General Editorial.

Great and Wonderful Friday Morning Folks,

      Gold was more positive than it is right now as the trade reached $1,735.50 before the City put in their “calm” (our synonym for manipulation) with the trade at $1,726.60 up 80 cents with the low at $1,722.10. Silver is once again doing “the oddball” by leading with the trade up 19 cents at $15.78 after reaching up to $15.885 before the synonym was placed and after the low of $15.545 was hit. The US Dollar continues to stay in place by sticking around par with the trade at 99.79, down 11.6 points inside a trading range between 99.905 and 99.650. Of course, all this happened before 5 am pst, the Comex open, the London close, and before the Unemployment and Wholesale Trade reports get posted.

      Our Emerging Market Currency Watch is nothing but positive today. For example, in Venezuela, Gold is now priced at 17,244.42 Bolivar showing a 289.69 gain with Silver adding 6.192 Bolivar to its price at 157.603. Argentina’s currency now has Gold valued at 115,739.08 Peso’s as the currency falters popping in an additional 1,927.37 A-Pesos overnight with Silver adding 41.38 A-Peso’s with the trade at 1,057.63. The Turkish Lira’s price for Gold is now at 12,274.53, as the noble metal gained 152.88 Lira with Silver now at 112.177 T-Lira proving a gain of 3.547. As a side note here, part of the reasoning for posting collapsed foreign currency values for our precious metals is to prepare you for what we think will be the price swings under the US Dollar, when the time comes and as the print continues.

      May Silver Deliveries now sit at 1,996 fully paid for 5,000-ounce contracts, and with a Volume of 14 up on the board so far, with a trading range between $15.75 and $15.53 with the last trade of course, at the high, up 18.8 cents from yesterday’s close, proving 123 receipts were passed out somewhere between here and London. Yesterday’s Delivery Month trading range finalized between $15.435 and $15.215 with the last registered buy at the high and with a close way above any trade at $15.562 with a final Volume count at 9. As mentioned over the years, the paper behind the price will be the “tell” as the levels of manipulation, or fear, show up in the count as 4,237 more short contracts had to be added yesterday in order to provide liquidity with the total Open Interest now at 137,083 contracts traded on an exchange that only controls the price, not allowed to move freely. All this kinda feels like a CCP controlled market, huh? 

      May Gold Deliveries are still amazing to see as the Demands For Physical remain elevated for a cereal month with the count at 3,377 fully paid for 100-ounce contracts waiting for receipts with a Volume of 229 up on the board already inside a trading range between $1,728.90 and $1,721.10 with the last trade so far at $1,722.40, up 60 cents and proving a drop of 273 demands that got receipts and have exited the building Elvis style. If you really want to see the fear trade, look no further than the additional liquidity put into the Futures Market behind the price to control Gold as another 11,632 shorts had to be added to keep the noble metal from making new life of contract highs bringing the count to 504,539 Overnighter’s willing to stay in before our Unemployment Report comes out.

      China’s International Barbarian Management is being seen everywhere as Twitter, Facebook, YouTube, and the various media conglomerates inside our borders, are removing any and all discussions about where this bio came from, as the world places the blame squarely on the socialist (the idiots term for communist) nation. More countries are piling on in the international courts as China’s Truth Squads attack opposing views to their narratives within these claimed free-speech-platforms. Now China’s Truth Squads are being accused of removing sections of many articles written by EU members and as the “E-Union fails to discuss the edits, including the removal of references to the spread of COVID-19, in an op-ed jointly published article by all 27 member states in a Chinese-owned newspaper”. So, WHO really controls the narrative? I say, let’s find out the answer by withholding all the money and grants to these organizations and see who complains the most?

Also, of note is this past week’s huge and really large Q posts. You may not have noticed them being discussed in the media because the management within our media considers the movement as not China Centric, I no longer wonder why? Could it be that some who claim to be ardent Americans are really traitors to our nation and are making hidden agreements with other nations against our nation benefits, and the will of the people? Did you see Flynn’s 3 years of isolation, incarceration, and accusations, fade into oblivion yesterday? There are quite a few that do not like the idea of Q, but the point I see is Q is the voice that is showing the world the media is full of shit at every turn and they need to be exposed. We will observe all the discussions because somewhere in the middle the truth can be found. In the meantime, we continue to see Trump Draining the Swamp in slow, methodical, and in the unrelentingly slow pace of law and order! We’re also keeping an eye on those that claim Trump needs to be investigated more and impeached more, as the Barbarian Comedy shows up again.

     So have a great weekend, keep the faith, and a smile on your face, and Q the moments that makes up one smile, and as always… 

Stay Strong!

Jeremiah Johnson

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

Posted at 3:55 PM (CST) by & filed under In The News.

Bill Holter’s Commentary

Erik on politics. I try to stay away from this topic as much as possible because no matter what you think or say…SOMEONE will be pissed off.

The Conflicted Presidency of Donald Trump_001

The Conflicted Presidency of Donald Trump_002

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

By Greg Hunter’s

Former CIA Officer and counter-terrorism expert Kevin Shipp says America is facing big internal and external foes. One of the biggest external enemies is China, who has taken a huge economic hit over the virus it released globally. Shipp contends, “Trump is finally confronting them (China) with tariffs, so they are hurting there. They are heading for a recession. Huawei is no longer going to be in the United States. That’s a loss of huge revenue. So, my concern is this: China is going to have to escalate to defend itself. In history, we have seen a lot of wars that have been started during an economic crisis where two nations are fighting and there is some sort of economic devastation. That’s where China is right now. I think what is going to happen is China is going to escalate, and we are already seeing that in the South China Sea. They sunk a South Vietnamese fishing boat, and they are rattling their sabers about their own ships in the South China Sea. . . .China is going to escalate using proxies, and then they are going to start saber rattling militarily against the United States. This is NOT good. . . .They are going to have to escalate not just to save their economy, but to also to try to save their position in the world.”


Posted at 10:46 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

All my friends and relatives tell me (I’m an idiot again) not to worry as everything will be normal again in 3 weeks when everything reopens…sorry, but what was considered normal 2 months ago will never return in my lifetime.

Total Loss Of Confidence: The Mega-Collapse Continues
May 4, 2020

There is no question that things are tough all over as the mega-collapse continues.

Things Are Tough All Over

May 4 (King World News) – Chris Williamson, Chief Business Economist at IHS Markit: Manufacturing output in Italy declined at an unprecedented pace as the COVID-19 lockdown continued. The PMI dropped to an all-time low of 31.1 in April (down from 40.3 in March), with new orders also falling at the quickest rate on record. (See below).

Italian Collapse Breaking Records



Bill Holter’s Commentary

Erik discusses the banking system. You might want a stiff drink before reading…but he tells the truth.

Thrown Back On Our Own Resources (On Economics)_001

Thrown Back On Our Own Resources (On Economics)_002

Posted at 9:54 AM (CST) by & filed under General Editorial.

Great and Wonderful Monday Morning Folks,

     We hope you had a great weekend enjoying the sunshine. We sure did, we’re even enjoying this morning’s pre-sunrise movements in the markets with June Gold up $14.80 at $1,715.70 after reaching up to $1,726.00 with the low at $1,700.30. Silver is up as well with the July contract at $15.10 up 16.2 cents after hitting a high of $15.225 with the low at $14.78. The US Dollar is under support as well this morning with its trade, following the precious metals, at 99.52 up 42 points and right beside its high at 99.54 with the low at 99.09. Of course, all this happened already, before 5 am pst, the Comex open, the London close, and after Governor Gavin Newsome attempted to threaten Californians with prison time, for going to the beach, and was almost completely ignored.

        Gold under the Venezuelan Bolivar regained 249.68 over the weekend with the price now at 17,135.55 Bolivar with Silver at 150.811 Bolivar a gain of 0.998. Argentina’s Currency now has Gold valued at 114,272.54 Peso’s showing a 1,452.66 gain with Silver now valued at 1,005.80 Peso’s regaining 4.88 over the weekend. Gold under the Turkish Lira gained 193.54 with the starting price for the week at 12,066.77 Lira with Silver at 106.200 gaining back 0.88 T-Lira’s. The future question we have is; How will these emerging currency’s respond when the Dollar loses its value in the weeks and months to come? Are not all currencies trading against Silver and Gold? Let us find out what the ratios will be like as time unwinds the crimes … Stay Tooned!

      While that question festers, we continue to observe the demands for physical at the Comex with today’s delivery requests for the May trade at 3,845 fully paid for 5,000-ounce contracts waiting for receipts and with a trading range between $15.06 and $14.695 with the last 1 lot swap, at $15.015 and with a Volume of 179 posted up on the board, so far today. This proves a drop of 1,847 in deliveries, after Friday’s trading range between $15.045 and $14.855 with the last registered trade at $15.025 and with that magically adjusted close at $14.863. Silver’s Overall Open Interest continues to drop with the total now at 132,134 Overnighters still in the trade, as another 2,733 Algo controlled short trades leave, giving us old school traders the idea that things are going to actually show a corrected (and much higher) value, sooner than later. All we have to do is wait for it. That shouldn’t be too hard anymore.

      May Gold’s Delivery Demands are now at 5,348 fully paid for contracts waiting for receipts and with the early morning trading range between $1,709.00 and $1,702.60 with the last single lot order at $1,708.30 and with a Volume of 271 up on the board so far today. Friday’s trades had a Volume count of 337 swaps inside a trading range between $1,701.50 and $1,670.50 with the last buy/sell at $1,698.80 with the usual adjusted low close at $1,694.50. Gold’s Overall Open Interest is now at 491,760 Overnighters proving 1,816 Algo controlled short contracts exited the trade as things start to unwind in the world markets.

      The Retail World is going thru more changes as J. Crew files for bankruptcy, with the blame directly placed on the CCP19. The Retail Industry was changing before this bug which reminds me of the time when Zody’s and Montgomery Ward’s lost their foot traffic to the malls back in the early 80’s, and now it’s the malls turn as more and more people buy online and stay away from each other. It will be interesting to see what happens next as it is apparent, everything has changed but the prices of precious metals. Now we are led to believe there is a currency shortage after 2.2 trillion was created out of thin air and pushed into the markets and, it’s still not enough.

      The days, weeks, and months, of sharply higher precious metals prices is upon us. Not even in the central banks fantasy collection, can they hold onto their ill-gotten gains as the buyers of physicals continue to remove what they can from the controller’s hands. At the same time, the controllers try their best to sway nations loyalties by using their levels of held (and uncollectable) debt. They’re doing this even when there is more debt than dollars, and no taxable income to pay off the debt. Oh yeah, let us not forget this is now a global issue too. Now that we’re all used to staying in place, with some of us having to restrict movement for over 2 months, the future banker’s holiday will be a breeze once we get to that point, as the clock keeps ticking and the debt keeps rising, with no way to pay except print.

      We’ll sit right here, as the world continues to turn, even without the issues of debt or a BioBug, as precious metals history proves, those that hold the Gold set the rules. So, keep the faith, have a smile on your face and enjoy the Sun, it’s what the medical industry won’t talk about because it prevents the problem which means no profits. As always …

Stay Strong!

Jeremiah Johnson

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