Posted at 10:11 AM (CST) by & filed under In The News.

Basel III Celebrations, Serving Turkey, Brexit, And A Heaping Side Order Of Commotion…
March 29, 2019

Thank God it’s Friday Folks!    

      The Good Morning Report is brought to you by a higher price in Gold with the June contract at $1,298.30, up $2.90 and right beside the high of $1,298.70. Silver seems to be leading at present with its trade at $15.08, up 10.7 cents making the ratio 86 to 1, with the inevitable and positive sign post just ahead. Of course the high is right here at $15.085 with the low below the Maginot line at $14.95. The US Dollar is still the run to fiat with the trade sitting at 96.69, down 7.4 points and close to the low of 96.665 with the high up at 96.91. All this was done while we sleep and before Comex starts with the probability of much higher prices coming down the pipeline soon enough. Venezuela’s economic situation isn’t improving much, but their politics might be, with the price of Gold now pegged at 12,966.77 Bolivar, losing a whopping 105.87 overnight with Silver losing .948 Bolivar with its value pegged at 150.612.    

      Aprils First Notice Day is here with the Physical Demand for Silver at 706 obligations waiting for receipts with a Volume of 9 up on the board so far this morning. It’s seems the best directional indicators so far to trade Silver is the Overall Open Interest and the dropping of dollar requirements in the Margins as the shorts get encouraged to add more positions as the Overnight count for Silver jumped 3,236 contracts so far (this morning) even as the Basel III festivities begin as the unexpected “emerging” main course for their dinner wound up being Turkey with a side order of Pepto-Dismal for those who are short Turkish debt instruments. Of course the dinner guests never talk about who cooked the turkey as JP Morgan remains as quiet as a church mouse during the service.     

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Posted at 9:11 AM (CST) by & filed under In The News.

The Only Thing Silver And Gold Are Waiting For, Is The Shorts To Get Stomped!
March 27, 2019

reat and Wonderful Tuesday Morning Folks,  

     Today we have Gold barely heading higher with the trade at $1,317.30, up $2.30 near the high at $1,318.80 with the low at $1,312.20. Silver is hardly higher with the trade at $15.43, up 1/10th of a penny with its high at $15.475 and the low at $15.345. The sleep time Comex wouldn’t be labeled as such if we saw any form of real movement proving our markets have more traders than algos, but alas, even the US Dollar refuses to move with its trade at 96.21, down 1.5 points and at the low of 96.19 with the high up at 96.47. Of course all of this was done way before 5 am pst and what used to be real live trading at the Comex.    

     The Venezuelan Currency Swap now shows Gold’s inflationary price at 13,156.53 gaining 47.94 Bolivar overnight with “still stuck” Silver at 154.107, unchanged from yesterday’s count. The Argentinian Peso now has Gold priced at 55,575.54, up over 146% from the beginning of 2018 with Silver at 658.14 up 122.72% under the same time period, helping to prove what the values of precious metals can do for the individual as the currency heads to zero. Also of note is the time structure here. This is a longer duration of time allowing us 2 views at the same time. One where the currency collapses quickly (Venezuela) and one under better control (Argentina). Under the US Dollar, our precious metals can go either way, fast or slow. Regardless, the outcome will be the same, much higher prices! Also of note, Argentina has yet to cut off some zeros from its currency’s back side. That’s an unused weapon so far which will be used in the future.      

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Jim Sinclair’s Commentary

Gold and the gold price win because of the unimaginable level of debt.

Countries must seek ECB approval to manage gold reserves: Draghi
March 28, 2019

FRANKFURT, March 28 (Reuters) – The European Central Bank needs to approve any operation in the foreign reserves of euro zone countries, including gold and large foreign currency holdings, the ECB’s President Mario Draghi said on Thursday.

“The ECB shall approve both the operations in foreign reserve assets remaining with the NCBs (national central banks)…and Member States’ transactions with their foreign exchange working balances above a certain threshold,” Draghi told two Italian members of the European Parliament.

“The purpose of this competence is to ensure consistency with the exchange rate and monetary policy of the Union.” (Reporting By Francesco Canepa)

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Posted at 9:09 AM (CST) by & filed under Jim's Mailbox.

Jim,

You have said machines have taken over markets.

Dave

CIA-Backed Startup Builds ‘Bots For The Next Generation Of ETFs
March 26, 2019

The Central Intelligence Agency was one of the early backers of an AI startup company called Kensho Technologies, once focused on analyzing North Korean missile launches, earthquakes and elections – at least, until 2014. That’s when John van Moyland joined the company and its focus pivoted to finance, according to a new Bloomberg article.

S&P Global wound up buying the company last year and is now using it for yet another cause: developing the next generation of index funds. According to van Moyland, who’s title is now “managing director and global head of S&P Kensho Indices”, machines can design better indexes used as underlying products for passive investment vehicles like ETFs, which among other passive investment instruments, manage about $7.3 trillion in the U.S.

van Moyland told Bloomberg:

“We’re doing what a lot of research shops have done with humans in the past — and doing it at scale, in a highly predictable, highly automated, efficient way. Why would you ever limit yourself to aged financial data when there’s a sea of information out there?”

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Posted at 3:21 PM (CST) by & filed under Jim's Mailbox.

Jim,

Now the price will need to increase.

Dave

The Staggering Amount Of Gold & Silver Investment Since The 2008 Financial Crisis
March 26, 2019

By the SRSrocco Report,

While the demand for precious metals is certainly off its highs from prior years, investors would be quite surprised by the astonishing amount of physical gold and silver investment since the 2008 financial crisis. Only by comparing the gold and silver investment demand to the prior decade, can we truly understand how the precious metals market has changed, and probably forever.

Now, before I get into the information, I wanted to say a few things about precious metals sentiment and the disillusionment, and at times, the outright disgust, by a percentage of former gold and silver investors. I am not going to name any names, but rather focus on the inability of these individuals to CONNECT THE DOTS in regards to the disintegrating Global Financial Ponzi Scheme.

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Posted at 10:34 AM (CST) by & filed under In The News.

The Currency’s and the Precious Metals are the Crisis!
March 26, 2019

Great and Wonderful Tuesday Morning Folks,  

     Today Gold is being attacked because it is the barometer of the world’s economy and the money printing cartel is yelling loudly that all is well with the trade now at $1,312.50, down $10.10 and at the low of $1,312.10 with the high at $1,323. Silver is following along with its trade at $15.43, down 13.7 cents and as usual, right beside that London Bop low at $15.42 with the high at $15.56. Today London has another solution excuse, and May be only good for a day, with the US Dollar trading flat to lower with the value now pegged at 96.025. It too is trading down 4.3 points with the high at 96.115 and the low at 95.94. All this was done way before 5 am pst and the Comex Nap Time Open. In Venezuela, Gold is now pegged at 13,108.59 an ounce, losing almost all of yesterday’s gains by dropping 48.94 Bolivar with Silver losing .999 Bolivar (again a perfect measure) overnight helping to prove the point that the currency markets and the precious metals are the crisis.    

     March Silver’s Delivery Cycle is just about over with the total count still stuck at 44 Demands for Physical and with a Volume of 1 up on the board so far this morning, proving a drop of 1 with an actual count of 2 being posted yesterday before the close. Silver’s Overall Open Interest continues to expose the over-leveraging that apparently must be “secretly” legal since it’s always ignored by the regulators with the count now at 193,504 Overnighters, gaining 2,589 more shorts over Friday and Monday to stay the price from the buyers as we wait for more news from the Morgue Report the DOJ investigators have found in the international precious metals manipulations scheme.    

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Posted at 5:01 PM (CST) by & filed under Jim's Mailbox.

Jim,

The country has wasted how much time and energy on this investigation?  Can we now move on to important issues.

Dave

Caitlin Johnstone Rages: “Mock The Russiagaters. Mock Them Ruthlessly”
March 23, 2019

Authored by Caitlin Johnstone via Medium.com,

The Robert Mueller investigation which monopolized political discourse for two years has finally concluded, and his anxiously awaited report has been submitted to Attorney General William Barr. The results are in and the debate is over: those advancing the conspiracy theory that the Kremlin has infiltrated the highest levels of the US government were wrong, and those of us voicing skepticism of this were right.

The contents of the report are still secret, but CNN’s Justice Department reporter Laura Jarrett has told us all we need to know, tweeting, “Special Counsel Mueller is not recommending ANY further indictments am told.” On top of that, William Barr said in a letter to congressional leaders that there has been no obstruction of Mueller’s investigation by Justice Department officials.

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Posted at 4:57 PM (CST) by & filed under Bill Holter.

Today’s writing will be review of something Jim has talked about MANY TIMES going all the way back to 2004-05. Back then (and ever since) he stressed a couple of items pertaining to those of you who own stocks. His advice was centered on “you” and how to protect yourselves. The entire concept was simple, DO NOT let your broker hold your shares of ANY stock you hold unless you are very actively trading.

He suggested this for two separate but connected reasons. First, if your broker holds your shares and the broker goes belly up, good luck in getting access to your shares. You would probably eventually get access but it may take years as your broker goes through the bankruptcy courts. Can you imagine owning shares in a company that explodes in value but you do not have access to selling ANY of the shares?…Not even an odd lot to buy food with! This is no joke nor a crazy hypothetical, you should have learned back in 2008 just how close to this reality we came. Shares either in hand or held at your transfer agent are the best way to “GOTS” (get out of the system).

There is also another reason to not let your broker hold your shares. When you first purchased your stock, you “bought” it which means you were “demand”. In a real world of supply and demand, your purchase acted to push the stock up. If you leave your stock with your broker, especially in a margin account, your broker will lend these shares out to short sellers who will sell the stock and negate your demand. In effect, your broker via lending the shares will negate your purchase and to put it bluntly, TRADE AGAINST YOU!

Legally, your broker cannot lend shares that are not in a margin account, or in a retirement account. We have seen just in the last few days where brokers are requesting clients with retirement account to borrow their shares. THIS IS 100% illegal! The only way to assure your bought and paid for shares are not used against you is to either hold them in physical form or have the transfer agent hold them, end of story.

Now, why do we remind you of this now? Because many of you own TRX and other mining shares. There are some very large short positions broadly across the mining share spectrum. We also believe there is a large “naked” and thus illegal short position that is prevalent. As we told you on this weekend’s call, Jim checked with two separate clearing facilities and found they are offering 72% and 95% to holders of TRX to lend their shares. If you wanted to borrow IBM or Apple, it might cost you 5-6%. There is NO REASON to offer such unbelievable terms unless someone is very short and needs shares to cover the position?

Bluntly, there has been a concerted effort to damage the mining industry via short sales to depress share pricing. Financing has been nonexistent since 2011 and depressing share prices has worked to make it difficult to finance via the equity markets. The good news is that gold and silver have bottomed (along with the mining shares) and these short positions are beginning to hurt. The old saying “he who sold what isn’t his’n, buys it back or goes to prison” truly applies here!

Bottom line? If you own TRX or other mining shares (including physical gold and silver), DO NOT hold these at a broker because as sure as the Sun will rise tomorrow, your broker will lend to short sellers what you fully bought and paid for if you let them. Help yourself and help the industry by not giving them ammo that you paid for to shoot holes in your investments!

I will be travelling for the rest of the week so there will not be a writing from me later in the week. I will be checking in and posting items of interest. I will be spending the day Wednesday with Jim as it is his birthday. He is smiling ear to ear with the action in TRX and eagerly awaiting drill results. He has put his life, heart, soul and net worth into this project, don’t help short sellers impede his efforts…get your SHARES OUT OF THE SYSTEM!

Standing watch,

Bill Holter

Holter-Sinclair collaboration