Posted at 10:44 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

Do you own gold or silver and want something to chew on? How about this?

Chris Powell: Gold market manipulation update, November 2019
November 1, 2019

Remarks by Chris Powell, Secretary/Treasurer

Gold Anti-Trust Action Committee Inc.

New Orleans Investment Conference

Hilton New Orleans Riverside Hotel

Friday, November 1, 2019

Since we gathered here a year ago the gold and silver markets feel much stronger.

The central bank-instigated smashdowns that used to depress prices for weeks or even months are failing to keep prices down for more than a few days.

The gold futures market of the New York Commodities Exchange is operating very differently. Most contracts seeking delivery are now being converted through a rarely used mechanism called “exchange for physicals” whereby they are settled somewhere off the exchange, apparently in London. Until recently the “exchange for physicals” mechanism was said to be used only in emergencies. Now it seems that everything is an emergency. The implication here is that there is little or no gold available immediately in Comex vaults. Whatever it means, there is a huge change here.

The “exchanges for physicals” seem to be rolled over in London every two weeks to escape ordinary reporting requirements. This implies that the sellers are trying to hide something. Of course that the powers in the gold market are trying to hide things is not new, but that they are using new mechanisms of concealment suggests that they are under greater strain.


Posted at 10:39 AM (CST) by & filed under

By Greg Hunter’s (Early Sunday Release)

Filmmaker, book author and renowned radio host Steve Quayle warns the West Coast of America is sleepwalking into a coming geologic catastrophe. Quayle explains, “While the San Andreas is the most studied fault in the world, it’s like peanuts compared to what’s going to be happening in Cascadia. Cascadia (located in the Pacific Northwest) is the most dangerous with a one in three chance of going off in our time. I am not talking about hundreds of years or thousands of years, I am talking about the back room hush of USGS (United States Geological Service) scientists, and many of them are silent. I am actually getting information from scientists that left the United States because there is a gag order on the true seismic nature of what’s going on in the United States. Our film “Cascadia: The Big One” will be previewed on This is really a critical situation. The question, is there magma movement beneath the surface? Yes. That’s what I am told by people who have access to the data. . . . Everything is moving except the truth, and it’s all a matter of economics. The situation with Cascadia is dire. This is not careless journalism or some scary statement on my part. We have undertaken the most elaborate film project on this subject that has ever been done . . . because it is that critical.”

What’s the worst case scenario if the Cascadia Subduction Zone lets loose and volcanos, earthquakes and tsunamis are unleashed? Quayle says “The amount of damage, and I am going to choose my words carefully, is going to be precedent setting. It’s going to be the combination of volcanos going off that are inland from the subduction zone where the plates meet, coupled with tsunamis. . . . When this happens, you will lose eight million to twenty million people. When it happens, you will lose all productivity in the electronic field, obviously Silicon Valley, and all food production in all of California, Oregon and Washington. When it happens, you will have a State of Emergency unlike any other. How about the refugees? There will be 3.5 million refugees to take care of. When this happens, what happens to the underground aquifers, and where does everybody go for fresh water? There will be years of drought, years of famine and years of water, water where did it all go? It is a very dire situation painted by computer models. This is not a sensational thing. It is a reality based, scientific study with the application of what happens.”


Posted at 11:35 AM (CST) by & filed under Jim's Mailbox.


Deep State is all about removing your vote and your rights.


Wait a minute, people used to call us whack job conspiracy theorists whenever we used the term “deep state”…you mean we were right and the deep state actually does exist?


“Thank God For The Deep State”: Intel Agents Admit They Want To “Take Out” Trump
November 1, 2019

Authored by Steve Watson via Summit News,

“These are people who are doing their duty or responding to a higher call.”










Two former intelligence heads bragged about how the deep state is engaged in a coup to remove President Trump Thursday, with one even praising God for the existence of the deep state.

During an interview with Margaret Brennan of CSPAN, former CIA head John McLaughlin along with his successor John Brennan both basically admitted that there is a secretive cabal of people within US intelligence who are trying to ‘take Trump out’.

“Thank God for the ‘Deep State,’” McLaughlin crowed as liberals in the crowd cheered.


Posted at 8:46 AM (CST) by & filed under In The News.

J. Johnson’s Latest – Did 1,140,000 Ounces Of Silver Really Leave The Comex?
November 1, 2019

Great and Wonderful Friday Morning Folks,   

      Gold is lower to start off the early morning report with the trade at $1,512.80, off $2 after reaching up to $1,517.20 with the low close by at $1,511.00. Silver is leading the trade at $18.125, up 5.8 cents with the high at $18.160 and the low at $18.035 so far this morning. Our US Dollar, the reason why Silver and Gold are kept under control, is trading at 97.060, down 9.4 points and falling from its high at 97.17 with the low close by at 96.970. All of this was done before 5 am pst, the Comex open, and the London close.   

      Today’s early morning emerging markets currency watch shows all positives again!  Venezuela’s Bolivar is now pricing Gold at 15,109.09 proving a gain of 44.94 Bolivar overnight with Silver at 181.023 Bolivar giving those that hold a 0.898 gain. In Argentina, the price of Gold now rests at 90,099.60 Pesos giving the holders a gain of 168.23 with Silver trading at 1,079.69 giving those holders a 4.36 A-Peso overnight gain. The Turkish Lira now has Gold valued at 8,660.02 Lira giving the precious metal holder a 30.73 T-Lira gain with Silver gaining 0.612 T-Liras with the overnight now priced at 103.801.    

      Yesterday we had one hell of a parlor trick done inside Comex’s November Silver Delivery System when we had a Delivery Count at 304 with a posted Volume of 1 and with no trading price. Later, after our early morning report, the Volume jumped to 79 with no trading range to offer. Now, the Open Interest in November deliveries is at 76, proving a drop of 228 and no price offered. This OI reduction is 3 times the amount of the Volume, exactly. Regardless of the bad math we have to work with, that was one hell of a delivery as 1,140,000 ounces got removed somehow on the last day of October.    


Bill Holter’s Commentary

Would be very nice but will never happen…

Legislation Would Force Google and Rivals to Disclose Search Algorithms
October 31, 2019

WASHINGTON—Senate lawmakers proposed bipartisan legislation that would require search engines to disclose the algorithms they use in ranking internet searches and give consumers an option for unfiltered searches.

Search engines such as Alphabet Inc.’s Google unit use a variety of measures to filter results for individual searches, such as the user’s browsing activity, search history and geographical location.


Bill Holter’s Commentary

Here’s some dollar friendly news for you!

India US Officially Suspends Defense Cooperation
October 25, 2019

In a major development brewing for sometime now, India and US have officially suspended Defense Cooperation after Americans refused to give India high-end jet-engine technology. At the heart of the Indo-US Strategic Partnership is what is known as the Defense Technology and Trade Initiative or DTTI. Under the 2012 DTTI, India and the US set up joint working groups (JWGs) for cooperation on aircraft carriers and jet engine technology, all of the 4 pathfinder projects have now been shutdown. The move comes days after former US Secretary of State and National Security Adviser Henry Kissinger’s visit to India.

India and the United States have suspended cooperation on jet engine technology under the Defense Technology and Trade Initiative (DTTI) that seeks to deepen bilateral cooperation and identify opportunities for sharing of high-end defence technologies, a senior Pentagon official revealed on Thursday. The US export controls is one of the reasons for dropping the cooperation on jet engine technology, she said.

“The original project (jet engine technology) we have is suspended right now but we are talking about other potential engine working groups. We could not come to an understanding of what exportable technologies will be useful to India and we did run into a challenge in terms of US export controls,” said Ellen Lord, the US under secretary of defense for acquisition and sustainment.


Jim Sinclair’s Commentary

Russia’s foreign policy takes excellent advantage of any opportunity.

Planeloads of Cash From Russia Have Been Shipped to Venezuela
November 1, 2019

Hundreds of millions of dollars in cash has been shipped from Russia to Venezuela, providing a lifeline to the South American country as U.S. sanctions limit its access to the global financial system.

A total of $315 million of U.S. dollar and euro notes were sent in six separate shipments from Moscow to Caracas from May 2018 to April 2019, according to data reviewed by Bloomberg from ImportGenius, which compiled Russian customs records it obtains through private sources. The cash came from lenders run by the countries’ governments and went to Venezuela’s development bank, the records show.

President Nicolas Maduro Holds Press Conference

While the money could be for any number of things — like Venezuela repatriating cash held overseas or dividends from a stake in a Moscow-based bank or revenue from sales of crude or gold — the complex logistical feat shows one of the ways President Nicolas Maduro’s administration has sought to skirt aggressive U.S. financial sanctions. As a consequence of the scrutiny, the central bank is conducting more transactions in cash, sometimes offering local clients access to euro bills.


Jim Sinclair’s Commentary

The weakness in all algorithms is their incapacity to function in repeated instances of volatility. Here is an example.

Futures Exchange Reins In Runaway Trading Algorithms
October 29, 2019

The Chicago Mercantile Exchange is cracking down on runaway algorithms in one of the world’s biggest futures markets.

Over the past two months, the volume of data generated by activity in CME’s Eurodollar futures soared 10-fold, according to exchange statistics. The torrent of data strained trading systems and prompted complaints to the exchange, traders said. It subsided Monday after CME took emergency measures to halt it.


Jim Sinclair’s Commentary

If you haven’t listened to our interview with the author of Jekyll Island, I strongly recommend that you do.

Why the Fed Is Losing Potency
October 28, 2019

Federal Reserve rate cuts ain’t what they used to be.

Fed officials will almost certainly lower their target range on overnight rates by a quarter point at the conclusion of their two-day meeting Wednesday, marking the third cut this year. They have framed their efforts as insurance moves, aimed at cushioning the economy against the effects of slower global growth and tariff uncertainties rather than rescuing it from recession.


Jim Sinclair’s Commentary

“Squeeze out” means goes broke.

The $4 Trillion ETF Industry Is Creating More ‘Roadkill’
October 28, 2019

Exchange-traded funds have swelled into a $4 trillion juggernaut over the past quarter of a century, but many asset managers say the industry is entering a new phase of competition and oversaturation that threatens to squeeze out smaller funds.

More than 90 funds have closed this year through early October, following a record 139 closures last year. Meanwhile, launches of new exchange-traded products, including funds and notes, peaked in 2011 and have remained relatively flat since dipping from that level, according to FactSet…


Posted at 10:51 AM (CST) by & filed under In The News.

J. Johnson’s Latest – Spells Cast, The Vote is On, and The Precious Metals Trade Higher Muhahahaha!!
October 31, 2019

Great and Wonderful Hallo’s Eve Morning Folks,  

     The day the witches promised to cast a spell against Trump now has Gold trading higher with the price at $1,508.30, up $11.60 and right by the high at $1,510.30 with the low at $1,496.00. Silver is up as well, Muhahahaha, with its trade at $18.035, up 16.8 cents with the high up at $18.13 and the low at $17.795. The interest rate reduced currency called the US Dollar, is now trading at 97.085, down 35.9 points, bouncing off it’s low at 97.015 with the high at 97.255. All of this occurred before 5 am pst, the Comex open, and the London close.    

     It seems the emerging markets currency watch we do, proves how powerful the US Dollar really is when it comes to the international currency churn. In Venezuela, Gold is valued at 15,064.15 Bolivar, adding another 130.84 in value with Silver at 180.125 Bolivar, gaining 1.349. In Argentina, Gold is now priced at 89,931.37 Peso’s, giving those that hold a 1,118.57 A-Peso jump in value with Silver now at 1,075.33 proving a gain of 12.37 A-Pesos. In Turkey, the Lira now has Gold valued at 8,629.29 giving the metal holder a 71.56 T-Lira jump in value with Silver at 103.189 proving a 0.734 T-Lira gain overnight.  

     Today is the First Notice Day for the November Silver Delivery Demands with the Open Interest now at 304, proving a gain of 11 contracts since yesterday’s tally. So far this morning, we have a Volume of 1 up on the board with no price to offer (spread exit/entry/something else?). Silver’s Overall Open Interest is still elevated, even after yesterday’s attempts to scare out a few longs when the shorts added 1,187 more positions to the fray making the total count 222,682 Overnighters keeping the price of Silver Resolute.    


Posted at 10:22 AM (CST) by & filed under

By Greg Hunter’s

Renowned author and journalist James Howard Kunstler thinks what has been happening for the last few years with the mainstream media’s coverage of President Trump borders on criminal activity. Kunstler explains, “What I am waiting for is if and when indictments come down from Mr. Barr and Mr. Durham, I am wondering whether the editors and publishers of the Washington Post and New York Times and the producers at CNN and MSNBC are going to be named as unindicted co-conspirators in this effort to gaslight the country and really stage a coup to remove the President and to nullify the 2016 election. I say this as someone who is not necessarily a Trump supporter. I didn’t vote for the guy. I am not a cheerleader for the guy, but basically I think the behavior of his antagonists has been much worse and much more dangerous for the nation and the American project as a long term matter. I really need to see some action to hold people responsible for the acts they have committed. . . . I am not an attorney, and I have never worked for the Department of Justice, but it seems to me that by naming the publishers and editors of these companies as unindicted co-conspirators that allows you to avoid the appearance of trying to shut down the press because you are not going to put them in jail, but you are going  to put them in disrupt. That may prompt their boards of directors to fire a few people and maybe change the way they do business at these places.”

Kunstler says things look unlike anything we have seen in the past because we are approaching a day of reckoning in our debt based monetary system. Kunstler says, “Yeah, I think you can see it happening now. What seems to be resolving is some movement to some sort of a crack up of the banking system. What we are really stuck in is a situation where we’ve got too many obligations we cannot meet and too many debts that will never be repaid. We have been trying to run the country for the past 15 or 20 years on debt because we can no longer provide the kind of industrial growth that we have been used to . . . and have this massive consumer spending industry. So, we have been borrowing from the future to pay our bills today, and we are running out of our ability to borrow more. . . . I think we are going to lose the ability to support a lot of activities that we have been doing. It starts with energy and its relationship to banking and our ability to generate the kind of growth you need to keep rolling over debt. The reason debt will never be paid and obligations will never be met is we are not generating that sort of growth. Were just generating frauds and swindles. Frauds and swindles are fun while you are doing them and they seem to produce a lot of paper profits, but after a while, they prove to be false. Then you have to do something else. A great deal about our economy and our way of life is false and is going to fail. Then we are going to have to make other arrangements for daily life. . . .It will probably mean we will be organizing our stuff at much more of a local scale.”


Posted at 10:21 AM (CST) by & filed under General Editorial, In The News.

Bill Holter’s Commentary

Yes, free and unfettered markets…!

BOJ To Start Lending ETF Shares To Prevent Market Freeze
October 29, 2019

While most central banks are contemplating how to gently break it to the public that since they are out of ammo with interest rates at all time low, and $15 trillion in global sovereign debt is now yielding negative – a financial abortion which suggests the value of money is negative – the only hope markets have to avoid collapse is for central banks to start buying stocks in the open market, the BOJ has no such problems: after all the Japanese central bank (alongside its Swiss peer) has for years been quite open that it purchases stocks and ETFs directly. Unfortunately, in its efforts to stabilize the market, the BOJ has been purchasing a little too many ETFs and it now owns far too much.

Last May, speaking to Japanese parliamentarians, BOJ Governor Haruhiko Kuroda noted that the central bank now owns nealry 80% of the country’s stock of ETFs, the result of a program begun in 2010 and ramped up in 2013.











J. Johnson’s Latest – This Is Silver’s Time Of Intrigue!
October 30, 2019

Great and Wonderful Wednesday Morning Folks,   

      Gold is trading higher under the US Dollar with the December contract at $1,495.20, up $4.50 with the high close by at $1,496.20 and a low at $1,489.10. Silver is higher as well with the December contract at $17.90, up 6.9 cents with the high at $17.92 and a low at $17.75. The US Dollar, which has had 100’s of billions of newly added print created in order to keep up with the bills it can’t pay, is now trading at 97.445, down 2.4 points with the high at 97.51 and a low at 97.36. All of this slow activity happened before 5am pst, the Comex open, the London close, and the very strong possibility of another 1/4% interest rate cut here in the USA.    

      We have nothing but positive trading in the emerging markets this morning with the Venezuelan Bolivar now giving Gold a price of 14,933.31 offering those that hold a 68.91 Bolivar jump in price with Silver trading at 178.776 giving the holders a 20.97 pop in Bolivar value. In Argentina, the Peso has Gold priced at 88,812.80 giving the holder a 377.07 A-Peso increase with Silver at 1,062.96 showing an additional 11.83 in A-Peso value. The Turkish Lira now has Gold priced at 8,557.73, it too showing an increase of 24.169 T-Lira with Silver at 102.455 offering a 1.014 uptick in T-Lira value.    

      Yesterday was the last trading day for the October Silver deliveries with the last count at 60. Today is simply a time out for Silver deliveries with tomorrow being the First Notice Day for the cereal month of November. A Cereal Month is a nice way to say “hardly any purchase” month. The November Open interest in Silver is now at 293 contracts and with a Volume of 1 up on the board with the price of $17.79 as a purchase and sell. FND is when all holders of long positions must have 100% of the margin in order to play the game. The sellers are supposed to have receipts for physical, with the spread traders owning all the background noise inside the hidden data of Comex (aka the moves without a price). 293 Contracts makes the delivery total 1,465,000 ounces of Silver (5,000 ounces per contract) possibly standing for delivery.