Posted at 1:54 PM (CST) by & filed under Jim's Mailbox.


I have made this point on many of our Saturday talks about US companies. Lockheed sold out American workers, no one stole the jobs.


“Make India Great Again:” Lockheed Martin Offshores F-16 Production From US To India
September 26, 2019

A breaking report from Reuters indicates that Lockheed Martin is offshoring part of its F-16 combat jet production from the US to India. This completely goes against President Trump’s ‘America First’ policy.

It’s unclear how much of the F-16 production plant in Greenville, South Carolina, will be transferred to India, nevertheless, how many jobs will be lost, in Lockheed Martin’s apparent betrayal of “Making America Great Again.”














Posted at 1:51 PM (CST) by & filed under In The News.

J. Johnson’s Latest – Ag – Huge Purchases Means Lower Prices!!
September 27, 2019

Great and Wonderful Friday Morning Folks,    

      They just keep beating the metals lower and lower with Gold’s trade now at $1,501.50, down $13.70 after they forced to price down to $1,497.20 with the high starting point at $1,514.40. Silver is down 33.2 cents with the price at $17.715 after it was pushed to $17.62 with the high to beat at $18.065. One would expect the Dollar to be rallied in heavy fashion but it’s not, as the trade will prove, with its value stuck at 98.815, up 5 points after being pushed to 98.955 with the low to beat at 98.79. All of this was done by Algo’s, while we slept, before 5 am pst, the Comex open, and the London close.    

      In Venezuela, Gold is now trading at 14,996.23 Bolivar proving a reduction in price of 117.67 in Bolivar value (here is the current “old” price before they reduced all the zeros = 31,210,215.78 VES). Silver is now trading at 176.93 Bolivar showing a reduction of 2.05 Bolivar (its new “old” price = 366,607.33VES before the zeros were removed). In Argentina, where the zeros haven’t been dropped yet (the Peso used to be tied to the Dollar 1 to 1) shows Gold trading at 85,836.14 Pesos, a loss of 421.78 with Silver now at 1,012.75 Pesos, proving a loss of 8.55 in A-Peso value. In Turkey, Gold’s price is now pegged at 8,496.20 T-Lira, down another 70.62 with Silver losing 1.18 Lira with it price at 100.24.    


Posted at 10:09 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

Even when there is video proof and admission of bribery while in office, these people still slide…We either have a rule of law for everyone equally or we do not even have a country!

J. Johnson’s Latest – These Silver Buyers Are Staying Resolute!
September 26, 2019

Great and Wonderful Thursday Morning Folks,    

      Gold is higher at the moment with the trade at $1,513.20, up $1.20 after reaching up to $1,518 before being pulled back during London’s trading period with the low close by at $1,510. Silver is still being pressured with the trade at $17.92, down 15.3 cents and right at the low (17.910) with the high at $18.105. As we’ve mentioned over the years, the strength of the US Dollar will be challenged, but for now, the support is still holding strong with its value at 98.72, up 6.2 points with its high close by at 98.76 with the low at 98.495. All of this activity, which is going against our national interests, happened before 5 am pst, the Comex open, and the London close.   

      The international banking pressures are still controlling the prices of precious metals. In Venezuela the Bolivar is pricing Gold at 15,113.09, dropping 224.71 Bolivar with Silver losing 6.62 Bolivar with its price at 178.98. In Argentina, the Peso has Gold priced at 86,257.92 proving a 584.83 Peso drop in value with Silver doing the same losing 29.68 Pesos with the price at 1,021.30 Pesos. In Turkey, Gold is now getting 8,566.82 Lira for one ounce losing 13.83 Lira with Silver at 101.42 showing it too lost 3.91 in T-Lira value.   

      September Silver Deliveries continues with the demand count now at 18 fully paid for contracts waiting for receipts and with Zero Volume up on the board so far in the early morning. This proves that only 2 contracts where delivered during yesterday’s heavy drop in price.    


A J. Johnson Update

Good Afternoon Folks,

      It is 11:30 PST and I am now looking at the numbers for September Silver and it’s deliveries. The final day for physical purchases is Monday, before the Comex close (10:25 am pst). Today’s Volume is now at 94 with the Open Interest still at 18. The trading range for these purchases (even though some of these might be spread exits) is $17.91 and $17.85 with the last trade at $17.90 on a 3 lot purchase. Is someone buying because there is a reason or purpose? Is this a response to the exercised Call Options in October? Wish I had answers too, regardless I’m still curious about the tomorrows, how about you?

Stay Resolute!

J. Johnson

Posted at 9:11 AM (CST) by & filed under

By Greg Hunter’s 

Financial and precious metals expert Egon von Greyerz (EvG) says the signs abound that we are nearing the end of this global fiat money experiment while central bankers are befuddled. EvG explains, “The central banks are panicking.  They don’t know what to do anymore. They are just starting to print money and with the euro on a daily basis. . . . Europe is starting QE again with $20 billion a month, but that’s nothing compared to what is coming. . . . The panic that started with central banks in the summer in late July and August was, to me, the first step towards total chaos in the world that we will be seeing in the months and years to come.  They (central bankers) see it clearly. They know the banking system is absolutely on the verge of collapse.  They know Deutsche Bank (DB) and CommerzBank, too, are down 95%.  If you show this chart to a child and ask where is that likely to go, it is likely to go to zero. DB, with their $50 trillion in derivatives, there is no chance they will survive. Of course, Germany and the ECB is panicking because that will affect the whole banking system worldwide.  This is why they have started to print money now because there is a massive liquidity problem, and that’s Germany, which is the best country in the EU from the point of economics.  Then you take Italy, Spain, France and Greece and they are in a real mess.  This is why the whole system is on the verge of disappearing into a black hole. . . . With the U.S., there is massive liquidity pressure there too.”

The massive amount of money printing to keep the fiat system afloat is just starting.  EvG contends, “This is just a practice round.  This is just more money at this point.  The balance sheet . . . of the Fed is going to go from around $4 trillion to $40 trillion.  It is going to go to $100 trillion before this is over. So, right now, they are just practicing a bit because they are going to put the pedal down to the bottom very soon. . . . There is no other way to save this system, it has gone too far. I am not a pessimist. I don’t want to see the end of the world, but you can see their actions. You can see that now there is absolutely no way out. The only thing they know is to print money. They have already reduced rates to zero or negative, which is a disaster in and of itself.”


Posted at 9:04 AM (CST) by & filed under In The News.

J. Johnson’s Latest – The Criminal Element Has Done Everything It Could To Opaque The Data
September 25, 2019

Great and Wonderful Hump Day Morning Folks,   

      Gold is trading lower in the early morning with the December price at $1,535.70, down $4.50 and close to the low at $1,535 with the high to beat at $1,542.80. Silver is trading lower in December’s contract and higher in the Sept with December’s trade at $18.585, down 4.3 cents after hitting as low as $18.53 with the high to beat at $18.75. The US Dollar is the reason why the metals are not trading higher under our currency but it will (soon enough) with the value pegged at 98.33, up 40.3 points and near the high at 98.34 with a low we need to see get clocked at 97.965. All of this “Strong Dollar Policy” activity that is still in play, was done before 5 am pst, the Comex open, and the London close.   

      We have a mish mash mix up in the emerging markets today with the currency calculators being in a “whack” mode this morning. In Venezuela, Gold is now priced at 15,337.80 Bolivar adding an additional 75.9 Bolivar to the price with Silver now at 185.62 Bolivar showing the metal of the people lost 0.20 in its Bolivar value. Argentina’s Peso now has Gold priced at 86,842.75 Pesos showing a loss of 138.09 Pesos with Silver now at 1,050.98 Pesos showing a loss of 8.08 in A-Peso value. In Turkey the Lira now has Gold priced at 8,705.12 Lira, showing a gain of 14.29 with Silver at 105.33 showing a loss of 0.45 in T-Lira value.   


J. Johnson Update 

The October Calls in Silver are now expired as of 2 minutes ago. The Open Interest Totals in Oct 2019, at $18.05 and below, total 9,175 In the money Calls…With the Open Interest in October Silver at 1,431 … Maybe we will see something of a bump in Open Interest in Oct tomorrow. Regardless, the Criminal Element is still working because it’s allowed to….(for now).

Stay Strong!

J. Johnson

Posted at 11:15 PM (CST) by & filed under In The News.

J. Johnson’s Latest – Ag – This Criminal Element Is Going To Be Removed!
September 24, 2019

Great and Wonderful Tuesday Morning Folks,   

      We all know in a free moving market prices would continue to move in the direction of its strength. But that’s not our precious metals market with the Morgue all over it (for now) with Gold at $1,528.10, down $3.40 after dipping down to $1,526.60 with the high to beat at $1,531.30. Silver is down 10.6 cents at $18.605 after dipping down to $18.515 with the high to beat at $18.81. Even the US Dollar is held in check with its value pegged at 98.20, down 2.1 points and at the 98.19 low with the high at 98.32. All of this was done before 5 am pst, the Comex open, the London close, and the answer to the question; will they remove Boris?   

      Our emerging markets currency watch is almost all positive with one stinker for Gold in the mix. In Venezuela, Gold is now priced at 15,261.90 Bolivar showing a gain of 15.89 since yesterday’s early quote with Silver at 185.82 Bolivar, gaining 1.35. In Argentina, the Peso has Gold priced at 86,980.84 proving a gain of 480.53 Pesos with Silver at 1,059.06 Pesos showing a gain of 12.27. The Turkish Lira seems to be gaining strength with Gold losing 43.01 Lira with its price at 8,690.83, however, Silver is now at 105.78 Lira, proving a gain of 0.10.    

      September Silver Deliveries are still gaming the trade with the total demands now at 36 fully paid for contracts waiting for receipts and with a Volume of 3 up on the board in the early morning with a price (trading range) of $18.52. During yesterday’s trade the Volume jumped to 79 when the OI was 53. This tells me our Resolute Buyer needed more physical Silver which added 20 contracts (at a minimum) to the count for today. Let’s see if these Algos can push the price lower today so this buyer can step in again. Even with yesterday’s decent rally, prices are still super cheap compared to what most of us think will be the future of Silver’s value.   


Posted at 11:12 PM (CST) by & filed under Jim's Mailbox.


We covered this on this-week’s talk.


JPMorgan Chase Has Billions In CRE Loans Riding On WeWork Surviving
September 23, 2019

WeWork’s business model isn’t workable. Everybody understands that except the Wall Street bank that has the most to lose if WeWork’s initial public offering (IPO) of its stock doesn’t move forward. That bank is JPMorgan Chase, one of the two main underwriters of the IPO, along with Goldman Sachs.

WeWork’s business model is to take long-term leases in commercial office buildings and then sub-lease that space under short leases to small businesses, start-ups and freelancers – none of which are particularly known for their ability to pay rent in a downturn. WeWork is currently on the hook for more than $47 billion in long term leases while it has yet to figure out how to make a dime of profits.

JPMorgan Chase is so interconnected with WeWork that to a number of minds WeWork looks like little more than a strawman for the bank and the bank’s biggest commercial real estate clients in New York City where WeWork is taking vacant space off the market at seismic speed. WeWork is now the largest office tenant in New York City.

The interconnections between WeWork and JPMorgan Chase include the following: JPMorgan Chase Bank, N.A., a federally insured bank, “has made loans and extended credit to Adam Neumann totaling $97.5 million across a variety of lending products, including mortgages secured by personal property and unsecured credit lines and letters of credit,” according to the prospectus filed with the SEC for the recently aborted IPO.


Posted at 9:47 AM (CST) by & filed under In The News.

J. Johnson’s Latest – Ag – We Have Plenty Of Options To Look At
September 23, 2019

Great and Wonderful Monday Morning Folks,  

     The Triple Witch Week is over and now the fun begins with Gold trading slightly higher at $1,526.50, up $11.40 and close to the high at $1,528.70 with the low at $1,517.90. Silver seems to be leading at the moment with its trade at $18.47, up 62.1 cents with its high close by at $18.495 with the low at $17.99, hopefully we’ll never see that low price again. December’s US Dollar is also finding support with its value pegged at 98.335, up 19.9 points after reaching 98.455 with the low down at 98.07. All of this happened between the Sunday night open, the Comex open, and the London close.    

     We see nothing but green prices across the board in our emerging markets currency watch. In Venezuela, Gold’s price is now at 15,245.92 Bolivar showing a gain of 167.79 since Friday mornings report with Silver now at 184.47 Bolivar giving the people stuck under that fiat a 5.594 Bolivar gain. In Argentina Gold is now priced at 86,500.31 Pesos giving “those that know” a 1,179.81 Peso gain with Silver also gaining 34.51 Pesos. This is a 172,550 A-Peso gain in one day inside a single futures contract. In Turkey, the Lira now has Gold pegged at 8,733.84 showing an increase of 127.39 Lira with Silver gaining 3.58 Lira with its price at 105.68.  

     September Silver’s Delivery count has dropped off quite a bit on Friday with this morning’s count now at 53 fully paid for 5,000 Ounce Contracts waiting for receipts and with a Volume of 44 up on the board inside a trading range between $18.265 and $18.21 with the last purchase being the high so far proving a gain of 52.7 cents.    

     Even with our price jump Silver’s Overall Open Interest rose even more with the count now at 211,837 Overnighters proving an additional 641 more contracts had to be added in order to keep Silver from moving higher. Please keep in mind this number is a live count done while we write. The idea here is this early morning count may be a way to gauge the daily game the shorts need in order to keep the price rise from not blowing thru their Algo’s control. Compare the early morning count with the official Friday closing (all nightly Comex closings) count to observe the before/after Comex antics, it may help.