Posted at 2:05 AM (CST) by & filed under General Editorial.

Great and Wonderful last Monday of the Year Folks,

      Gold is following Silver’s signal, made on Friday, with the trade at $1,515.20, down $2.90 after dipping to $1,513.50 with the high to beat at $1,519.10. Silver is still signaling (like it will continue to work) with the trade at $17.915, down 2.8 cents after hitting a low of $17.83 with the high at $18.005. The US Dollar is flat to lower with the trade at 96.50, down 4.6 points after dipping to 96.385 with the high at 96.630. All of this was done before 5 am pst, the Comex open, the London close, and after Team Nancy figured the only way to beat any conservative or Trump supporters is by removing their party from the California ballot. Tom Fitton is all over it! I Love Q, Judicial Watch, and Veritas Videos!

       Gold in Venezuela is now being priced at 15,133.06 showing a 3 Bolivar drop in value with Silver at 178.926 proving a loss of only 0.005 of a Bolivar over the weekend. Argentina’s Peso has Gold valued at 90,659.37 showing a loss of 111.40 Peso’s with Silver at 1,073.20 proving a 1.590 A-Peso gain. The Turkish Lira now has Gold valued at 9,015.51 Lira showing a loss of 13.22 with Silver at 106.507 T-Lira’s losing only 0.258.

      December Silver’s Delivery count ended Friday with no additional fanfare for our support side with today being a set up for tomorrows First Notice Day for January Silver. Friday’s ending numbers for Red Silver showed a Volume of 9 with a trading range between $17.92 and $17.93 with the last trade for physical at $17.93 with the Comex adjusted closing price at $17.849 proving our point that the paper is leading the trade when the trade should be leading the papers. January Silver’s Demand Count now sits at 257 contracts and with a Volume of 35 up on the board so far with a trading range between $17.90 and $17.855 with the last trade at the low. Some of these contracts will have to clear out by tonight’s close, that is, “if” they decide not to take delivery.

      Silver’s Overall Open Interest remains ridiculously elevated compared to what has been extracted and traded in physicals with the count now at 225,791 Overnighters showing a reduction of 14 contracts since Friday mornings quote (not the Comex closing numbers). This leaves the shorts only 18,405 pieces of paper away from doing what Gold is doing, telling everyone who owns Gold, that the paper is controlling the roll (for now). Gold’s Overall Open Interest continues to break new territory (but only in the papers) with Friday’s closing numbers at 767,077 Overnighters. One day there will be no more Comex Gold or Silver physicals to take delivery of, leaving only the obligated papers, a criminal element in control, and a regulated market, looking for a reason to remain viable.  

      Tomorrow is a partial day; we don’t expect much to occur today or tomorrow but we would love to be wrong. After all, the DNC still controls the accusations on television but not the evidence in a court room or Senate, and the evidence keeps piling higher and higher as the game of politics reveals itself and from what I’m gathering, people are very pissed off. We strongly suggest to everyone to Stay Calm! Nancy and her friends are doing just fine. They are establishing all the reasons for “their” removal from office, legally. In the meantime, we have Q who is telling us what the media and their political ties are doing against the will of the people. If people think removing the majorities party is acceptable, because their feelings were hurt, they’ve felt nothing yet! So, keep searching for the truth, have a positive attitude in the head no matter what, and as always …

Stay Strong!

J. Johnson

JeremiahJohnson@cableone.net

Posted at 4:46 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

Prohibition of anything never works, it only forces the market price higher. The ultimate bank run is in sight!

Germans Rush to Buy Gold as Draft Bill Threatens to Restrict Purchases
December 27, 2019

Reports have emerged depicting long lines in front of a physical gold sales location in Germany, in view of pending legislation which would once again lower the anonymous purchase limit, this time from €10,000 to €2,000. The last drop happened in 2017 when the limit was set at €15,000. A draft bill from the German finance ministry is being pointed to as the reason for the change, which is scheduled to take effect from Jan. 10, 2020.

Germans Rush to Buy Gold

In a tweet posted Wednesday, precious metals consultant and analyst Dan Popescu shared a picture of a long line of people waiting in front of “Degussa store to buy gold in Köln.” Popescu described, “From Jan. 1, 2020, the limit to buy gold anonymously drops from €10,000 down to €2,000. Only two years ago the limit was €15,000.” One user posted his own photo and replied “This is me line at Degussa in 23rd. The employees said they haven’t seen anything like it before.” To give an idea of the relatively small amount of gold €2,000 (~$2,224) can buy, even a 50g gold bar is currently too expensive.

Germans are queuing at Degussa store to buy #gold in Köln. From Jan. 1, 2020, the limit to buy gold anonymously drops from €10,000 down to €2,000. Only two years ago the limit was €15,000. pic.twitter.com/vhuZTBPA0Y

Dan Popescu (@PopescuCo) December 24, 2019

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Bill Holter’s Commentary

Please read and understand this article as John Hathaway is spot on, and David Rosenberg now resembles the ghost of Stan Salivigsen!

Taking The Hard Way Out – Gold & The “Big Bomb Of Debt Monetization”
December 28, 2019

Authored by David Hay via Evergreen Gavekal blog,

“You don’t make mistakes when you don’t have money. When you have too much money, you will make a lot of mistakes.”

– Jack Ma, founder of Alibaba, the Amazon of China

“My view is simple and starts with the observation that gold is a lot like religion. No one can prove that God exists…or that God doesn’t exist…Well, that’s exactly the way I think it is with gold. Either you’re a believer or you’re not.”

– Howard Marks, founder of OakMark, whose newsletter Warren Buffett reads “religiously”

“Because of Paul Volcker, our financial system is safer and stronger. I’ll remember Paul for his consummate wisdom, untethered honesty, and a level of dignity that matched his towering stature.”

– Barack Obama

“Every penny of QE undertaken by the Fed that cannot be unwound is monetized debt.”

– CNBC regular and former senior advisor to the president of the Dallas Fed, Danielle DiMartino Booth

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Posted at 3:38 PM (CST) by & filed under Jim's Mailbox.

Jim/Bill,

Like it or not, the game has changed. And, as Jim has said if you can not catch it, you can not kill it.

Dave

Russian Hypersonic Nuclear Weapon That Can Travel 27 Times The Speed Of Sound Is Now Operational
December 27, 2019

It’s official: exactly one year after Putin oversaw the final test of Russia’s most advanced hypersonic weapon, on Friday a the intercontinental weapon that can fly 27 times the speed of sound became operational, Russia’s defense minister reported to President Vladimir Putin, bolstering the country’s unprecedented nuclear strike capability, one which the US has yet to match.

As AP reports, Russia’s Defense Minister Sergei Shoigu informed Putin that the first missile unit equipped with the Avangard hypersonic glide vehicle entered combat duty.

“I congratulate you on this landmark event for the military and the entire nation,” Shoigu said later during a conference call with top military leaders.

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Jim/Bill,

With all the talk about how bad socialism is, I thought this would be a great time to ask this question. With the FED passing out money at near zero % interest rates to prop up the stock market a market which is mostly owned by the 1% , would this not be socialism for the rich?

Dave

Global Stock Markets Gained $17 Trillion In Value In 2019
December 24, 2019

Global stock markets have been on a torrid run in 2019, adding more than $17 trillion in total value, according to Deutsche Bank calculations.

The value of global equities began the year just under $70 trillion but has now surpassed $85 trillion, according to a chart from Deutsche Bank’s Torsten Slok.

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Posted at 10:25 AM (CST) by & filed under General Editorial.

Great and Wonderful Friday Morning Folks,

       Gold is still adding digits to its value with the trade at $1,515.50, up $1.10 from the Comex close with the high at $1,518.70 and the low close by at $1,512.10. Silver is giving “the signal” that failed the last time with the trade at $17.92, down 7 cents after hitting a low of $17.845 with the high at $18.025. The US Dollar finally got unstuck and is weakened after being supported like it has with the trade at 96.77, down 34.5 points with the low nearby at 96.735 and the high up at 97.160. Of course, all of this was done before 5am pst, the Comex open, the London close, and after Nancy was given the honors of being Trumps number one fund raising “employee of the month”.     

           The Emerging Markets Currency watch is something we do to point out what will happen when the plug of support is pulled from the currency tub when measured against the precious metals. For instance, Venezuela is now proving Gold’s worth in Bolivars with the value pegged at 15,136.06 proving an additional 42.95 more Bolivars are needed to buy an ounce with Silver at 178.976 Bolivar proving a loss of 1.348 overnight. Argentina’s currency, unplugged from the Banker’s Matrix, now has Gold valued at 90,770.77 Peso’s showing a gain of 481.41 with Silver at 1,071.61 Peso’s showing a 7.41 A-Peso drop in value. The Turkish Lira, the most recent currency that’s missing it’s plug, now has Gold valued at 9,028.73 showing an additional 52.11 Lira is needed to buy an ounce with Silver valued at 106.765 showing a loss of 0.478 T-Lira.

      Keep this thought in the back of your mind, at one time the Argentine Peso was linked 1 to 1 to the US Dollar. When Jim and Bill talk about the value of Gold going into the stratosphere, these emerging currencies help prove the point! Wait till the plug of a primary currency is pulled, then compare that move to these emerging market currency moves that increased the value of precious metals in their respected nations. What a time it will be to remember all those people who quickly responded that this is not going to happen and claimed the idea of Gold going to $80,000+ US Dollars, is not possible! I agree with Jim and Bill! Just look at the hundreds of billions of dollars being created this week (and since Sept 17th) out of thin air, that had to be put into the debt-based system to tell us how wrong we are about Silver and Gold.

      How many other emerging market currencies have to be devalued before a primary goes? Will other emerging currencies be used first to keep the system awash in fiat before a primary gets the plug pulled? What will interest rates do to the system, if they are cut, or added to, during this period of time? Do you need any more evidence to hold Silver and Gold? I don’t!

      Yesterday’s activities in the December Silver Delivery contract became more active with a Volume increasing to 53 by the Comex close, and by widening the trading range from a penny to a 10.5 cent range between $17.985 and $17.88 with the last single lot trade at the low with the adjusted close at $17.894. Also, of note from yesterday’s activities is the increase in the demands for physical which now stands at 61 proving an additional 5 lot order was added to the demand count but no showing where the other additional volume landed. Was it EFP’s to London or did more pending orders get filled as we close out the week? At this very moment, there has been no activity in the delivery month at all. Maybe when the Comex opens the Resolute buyer will still be Resoluting.

      One thing for sure, the Comex shorts are still not afraid (when they should be) as the Overall Open Interest gained another 2,633 more short positions putting the total now at 225,805 Overnighters on a 13.5 cent increase in price. The highest Open Interest in Silver Ever (and so far,) is 244,196. Comex Short Traders are only 18,391 positions away from proving once again that the system is failing as more paper is allowed to be used instead of allowing the supply and demand to control the price. Also, Gold made a new “Life of Paper Contract High” as well with its new total at 755,719 Overnighters proving a paper gain of 6,982 more short contracts against the price.

      So much is going on and at the same time so much printing has to happen to keep liquidity high. In the meantime, we still suggest people hold onto the physicals, in their own hands and out of the system. Enjoy the day, have a great weekend, and fear not, because you hold Silver and Gold!

Stay Strong!

J. Johnson

Posted at 10:24 AM (CST) by & filed under In The News.

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Bill Holter’s Commentary

Yes, divide and conquer has always been the goal…even if magic mushrooms are required!

Rachel Maddow Called Out By WaPo Columnist For Shamelessly Peddling Fake News
December 27, 2019

Conspiracy theorist and MSNBC host Rachel Maddow has been called out by Washington Post columnist Erik Wemple for breathlessly peddling the Steele Dossier – becoming a “clearinghouse” for the largely debunked opposition research funded by the Hillary Clinton campaign and the DNC in 2016 (and fed to the MSM six weeks before the 2016 US election by the former British spy who wrote it).

Wemple has been writing about the media’s coverage of the Steele dossier since it was significantly undercut earlier this month by Michael Horowitz, the DOJ Inspector General. Thursday’s feature details how Maddow spewed Russophobic propaganda to the American public based on Steele’s fabricated claims.

Horowitz absolutely shredded the dossier, writing in his report on FBI FISA abuse that “The FBI concluded, among other things, that although consistent with known efforts by Russia to interfere in the 2016 U.S. elections, much of the material in the Steele election reports, including allegations about Donald Trump and members of the Trump campaign relied upon in the Carter Page FISA applications, could not be corroborated; that certain allegations were inaccurate or inconsistent with information gathered by the Crossfire Hurricane team; and that the limited information that was corroborated related to time, location and title information, much of which was publicly available.”

Maddow began using the dossier to smear Trump in March of 2017 – when both CNN and the New Yorker falsely claimed that US authorities had loosely confirmed ‘some of the details’ from the dossier. An emboldened Maddow claimed that while the “baseline” dossier claim that Trump colluded with Russia to win the 2016 election had yet to be proven, “all the supporting details are checking out, even the really outrageous ones. A lot of them are starting to bear out under scrutiny. It seems like a new one each passing day.”

More…

Posted at 1:32 PM (CST) by & filed under General Editorial.

Great and Wonderful Thursday Morning Folks,

       Gold is still climbing the walls of worry with the February contract now trading at $1,511.20, up $6.40 with the high nearby at $1,512.00 with the low at $1,502.10. Silver is also scaling the wall with the March contract at $18.055, up 20.2 cents after reaching a high of $18.100 with the low at $17.810. The US Dollar is still stagnated by the currencies that control it (the basket of currencies inside the index) with the value pegged at 97.275, up 2.4 points and right by the high at 97.295 with the low not that far away at all at 97.19. All of this has already happened before 5 am pst, the Comex open, the London close, and please, will somebody in the House of Representatives, simply just turn in the Quid Quo Pro Impeachment Documents for Nancy already? 

      We have some very big precious metal pops in the Emerging Markets since Tuesday’s write up. For instance, in Venezuela, Gold is now packing a price of 15,093.11 Bolivar, a gain 172.78 over the holiday with Silver at 180.324, adding 40.45 Bolivar. Argentina’s currency is doing the same as the first, going lower as the precious metals go higher, with Gold’s trade at 90,289.36 Peso’s proving a whopper of an increase of 737.34 (x100 ounces a contract) with Silver gaining 21.72 Pesos (x5,000 ounces a contract) with the price at 1,079.02 A-Peso’s. The Turkish Lira now has Gold valued at 8,976.62 proving an increase of 85.38 in one day’s trade with Silver gaining 2.198 with the trade price at 107.243 Lira.

      December Silver’s Delivery Demands now show a count of 56 requests up on the board and with a trading range between $17.92 and $17.91 with the last trade at the high and with a Volume of 5 posted up on the board so far this morning. This proves a reduction of 141 physical demands from Tuesdays count, with the Resolute Buyer(s) getting their receipts either here or maybe in London. We’re still not sure because we’re not the “clean members of the exchange” who have criminal elements they are working with/for; we are members of the unclean masses, the group that gets their trades manipulated against by the printing of the “money makers”.

      Silver’s Overall Open Interest is doing the exact opposite of the delivery count with our calculations gaining 6,041 more short contracts in order to “stay” the price giving us a total of 223,172 Overnighters since Tuesday morning’s tally. Nope, there’s no problem’s here at all! After all the criminal element has been doing the same thing for years now, forcing the Open Interest higher in order to push the values of the Call Options lower and simply by coincidence, culminating on the precious metals Options Expiration Day which just so happens to be today with tomorrow being the Last Trading Day for the December Deliveries.

      With the last 4+ years of Silver Call Option Study’s under our belt, we are still stuck with the question of what it all means? Over the years we witnessed a long-term trade or insurance policy with July, September, and December’s 2019 Call Options being like the Tower of Babel. A huge rising man-made monstrosity built against the flat surface of the surrounding plains, sticking out for everyone to see, at a distance, and since 2015. Nowadays, we see there are no other large purchases to be gleaned unless one considers the upfront cereal months in precious metals and how this might be pointing to a short-term move and right now (maybe). There are 67,591 Purchased Call Options within the next 5 months trade (up to the May contract) with 18,793 of these Calls coming off the board today. Will some of these January options be moved into December’s deliveries today and tomorrow? Stay tooned!

      If we are seeing this right, that Resolute Buyer has really mucked up the works for those clean criminal elements at the Comex. Our most recent Call Options report proved 6,543 “Deep In The Money Calls” at and below $18. Does it mean something? Maybe, one thing for sure, things are getting very interesting at the Comex.

      Enjoy your day, keep that smile on your face and a positive thought in the head no matter what! As always …

Stay Strong!

J. Johnson

JeremiahJohnson@cableone.net

Posted at 1:30 PM (CST) by & filed under Jim's Mailbox.

Jim/Bill,

This is a well written piece, I think, worth our readers’ time.

Dave

PEPE ESCOBAR: You Say You Want A (Russian) Revolution?
December 21, 2019

Once in a blue moon an indispensable book comes out making a clear case for sanity in what is now a post-MAD world. That’s the responsibility carried by “The (Real) Revolution in Military Affairs,” by Andrei Martyanov (Clarity Press), arguably the most important book of 2019.

Martyanov is the total package — and he comes with extra special attributes as a top-flight Russian military analyst, born in Baku in those Back in the U.S.S.R. days, living and working in the U.S., and writing and blogging in English.

Right from the start, Martyanov wastes no time destroying not only Fukuyama’s and Huntington’s ravings but especially Graham Allison’s childish and meaningless Thucydides Trap argument — as if the power equation between the U.S. and China in the 21stcentury could be easily interpreted in parallel to Athens and Sparta slouching towards the Peloponnesian War over 2,400 years ago. What next? Xi Jinping as the new Genghis Khan?

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Jim /Bill,

Readers would be wise to remember it was a gold trader, from Turkey, who worked with Iran, to evade US sanctions.

Dave

Turkish Gold Trader Implicates Erdogan In Iran Money Laundering
November 30, 2017

(Reuters) – A Turkish-Iranian gold trader on Thursday told jurors in a New York federal court that Turkish President Recep Tayyip Erdogan authorized a transaction in a scheme to help Iran evade U.S. sanctions.

Reza Zarrab is cooperating with U.S. prosecutors in the criminal trial of a Turkish bank executive accused of helping to launder money for Iran. At the time of the alleged conspiracy, Erdogan was Turkey’s prime minister.

Zarrab said he had learned from Zafer Caglayan, who was Turkey’s economy minister, that Erdogan and then-treasury minister Ali Babacan had authorized two Turkish banks, Ziraat Bank and VakifBank, to move funds for Iran.

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Posted at 10:17 AM (CST) by & filed under Jim's Mailbox.

Jim/Bill,

We are giving away our privacy.

Dave

It Seemed Like A Popular Chat App. It’s Secretly A Spy Tool.
December 22, 2019

WASHINGTON — It is billed as an easy and secure way to chat by video or text message with friends and family, even in a country that has restricted popular messaging services like WhatsApp and Skype.

But the service, ToTok, is actually a spying tool, according to American officials familiar with a classified intelligence assessment and a New York Times investigation into the app and its developers. It is used by the government of the United Arab Emirates to try to track every conversation, movement, relationship, appointment, sound and image of those who install it on their phones.

ToTok, introduced only months ago, was downloaded millions of times from the Apple and Google app stores by users throughout the Middle East, Europe, Asia, Africa and North America. While the majority of its users are in the Emirates, ToTok surged to become one of the most downloaded social apps in the United States last week, according to app rankings and App Annie, a research firm.

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Jim / Bill,

They say that a picture is worth a thousand words – in this case it’s more like a hundred ounces.

The Germans seem to have woken up…is this what a bank run looks like?

Merry Christmas and a very happy and peaceful new year!

CIGA Rose

Thanks for the intel and a Merry Christmas to you and yours Rose!

Bill

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