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

Bill Holter’s Commentary

Yes, free and fair markets indeed?

JPMorgan’s Role in Metals Spoofing Is Under U.S. Criminal Probe
February 5, 2020

U.S. authorities that accused six JPMorgan Chase & Co. employees of rigging precious-metals futures are building a criminal case against the bank itself, two people familiar with the situation said.

The previously unreported investigation of the global bank’s parent company, part of a wide-ranging federal clampdown on market manipulation, raises the prospect of criminal charges and significant fines against America’s largest bank.

No formal accusations have been made against JPMorgan. A bank spokeswoman, Jessica Francisco, declined to comment and pointed to company filings from last year disclosing that the Justice Department’s Criminal Division was investigating “trading practices in the…

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Posted at 10:02 AM (CST) by & filed under General Editorial.

Great and Wonderful Thursday Morning Folks,

      Gold is in the green with the trade at $1,568.60 up $5.80 after hitting a high of $1,571.30 with the low at $1,556.00. Silver is leading the early morning charge with its trade at $17.755 up 15.3 cents with the high at $17.820 and a low at $17.575. The US Dollar’s rally seems to have stalled, for now, with its value pegged at 98.16 up 0.002 after reaching 98.21 with the low, that needs to go, at 98.075. Of course, all of this happened while we slept, before 5 am pst, the Comex open, the London close, and after the predicted minority split in the acquittal of President Trump on 2 counts, and as we proceed to look into the Biden Ukrainian link of deceits involving Deep State actors appointed by a past president.     

      The Emerging markets currency watch is “all in the green” with the Venezuelan Bolivar now pricing Gold at 15,666.39 regaining 108.86 Bolivar with Silver at 177.328 Bolivar putting back 1.748 into the price. Argentina’s Peso now has Gold valued at 94,996.46 putting back more Peso’s into the price than was taken during the previous days write up with Silver now trading at 1,074.53 Peso’s more than doubling the take away from yesterday. Over in Turkey, Gold is valued at 9,395.01 Lira adding back 69.85 with Silver regaining

1.099 T-Lira’s with the price at 106.341. It seems that the uptrend is stronger than the pullbacks, maybe this will lead into the primaries soon enough.

      February Silver Delivery Demands now shows a post of 11 fully paid for contracts with no trades yet suggesting a drop in count of 73 proving nothing. Once again, because Comex math decided to use Common Core Logic as we are lead to believe receipts might have been given here, or sent to London, or it’s simply another ledgering trick inside a criminal element still allowed to steal, even though the banks management is now being looked at as the investigations are expanded. Silver’s Overall Open Interest remains over weighted in paper but that too is starting to show lack of enthusiasm for the shorts with the count at 223,742 Overnighters proving a reduction of 1,538 Obligations offering up the idea that the shorts see more upside pricings instead of returns.

      February Gold’s Delivery Demands now stand at 2,380 fully paid for contracts waiting for receipts and with a Volume of 66 posted up on the board with a trading range between $1,565.50 and $1,551.60 with the last trade at $1,565.30. The delivery count has been reduced by 402 contracts as we undoubtably know these numbers won’t jive either with any other numbers given by Comex. Gold’s Overall Open Interest is now calculated at 653,828 Overnighters showing the shorts removing 1,483 contracts as we wait for more unsettling news from China and its weaponized coronavirus outbreak devastating its population and quite possibly many other nations as well. If this outbreak gets worse, we expect China may shut down its international stock and commodity trading hubs, and as of our early morning report, these exchanges are still producing numbers (Thank God).      

      Accounting practices have been destroyed by computer algos and bad actors to the point that no one below the canopy of criminals in government and banking, knows what the real numbers are. Even the Baltic Dry Index is trying to reach a new low. What’s worse (maybe) is the Velocity of Money, which has made a New All Time Low (since the first quarter of 1959) and while we’re observing the Federal Reserve print machines churning in overdrive at the same time the 2 other most populated nations are doing the same.

      This will end badly for those not prepared for the currency correction of our lifetime. We remain diligent and strong because we think we are prepared as we hold on tight to our beliefs with Silver and Gold in our possession, a smile on our face and a positive attitude in our heads no matter what. We hope you too, are prepared for tomorrow. Hang in there and keep the faith, and as always …

Stay Strong!

J. Johnson

Posted at 11:24 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

Mr. Macleod proves out Sir Richard Russell’s “INFLATE OR DIE”!

Irrational Fears Of Deflation
January 23, 2020

The benefits of a deflation of prices brought about by a combination of sound money and markets free from government intervention have been demonstrated to be the best economic environment, the denial of which in favour of inflationary financing has led to repeated monetary and systemic failures.

This article explains how this has come about and puts the record on deflation straight. The development of macroeconomic theory had to deny the benefits of a deflation of prices, unbelievably telling us we need higher prices to stimulate our consumption.

Deflation and investment funded by savings is a far better, natural economic environment than the false gods of easy debt and money printing. There can be no return to the stability of gentle price deflation without seismic shifts in economic thinking and government responsibilities.

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Inflate and Die – Stock Collapse And Gold Surge Imminent
January 30, 2020

“Inflate or die” was coined by the legendary and extremely wise Richard Russell of Dow Theory Letters. He understood the necessity, as well as the curse, of permanent central bank money printing already at the beginning of this century. Richard died in 2015 so sadly he didn’t live to see how right he was.

After three decades of massive money printing and credit expansion, “inflate or die” has artificially kept the world economy going. But we are now in the 2020s moving in to the next stage which will be INFLATE AND DIE. Because, as stock and credit bubbles implode and money printing accelerates, the world will soon realise that not only is the freshly printed money worthless but also most of the manufactured money from the last 20 years.

DAVOS – WEF 2020

But before we look at the consequences of inflate and die, last week 117 billionaires just attended a Weather conference in Davos. They were joined by another 2,900 CEOs, political leaders, climate activists and other self-important people. It is quite surprising that so many “important” people get together to talk about the weather. With Swedish Greta (not Garbo) telling everyone “how dare you, the entire eco-system is collapsing, people are dying” etc., not just every Davos VIP but also all major central bankers must now have a green agenda. For example, Lagarde the ECB Chief has made a strategic review of the bank’s purpose and stated that action on climate is a fundamental component of monetary policy. Climate change action will be a “mission critical” priority for the ECB. Would be better if she realised the EU financial system is a mission critical priority rather than getting involved in controlling temperatures.

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Bill Holter’s Commentary

This only makes sense if you have a short circuit going on between your ears…

House to Vote on Bill Forcing Non-Union Members to Pay Union Dues
February 4, 2020

WASHINGTON—The U.S. House of Representatives will vote this week on a sweeping bill backed by organized labor that would reverse so-called right-to-work laws in 27 states and require non-union workers in unionized professions to pay union dues as a condition of employment.

Labor-related issues have been receiving attention lately as Democratic presidential candidates jockeying for support in primary season join striking workers on picket lines.

Democratic lawmakers say the legislation, which is fiercely opposed by business groups like the U.S. Chamber of Commerce, is needed to help workers.

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Posted at 11:18 AM (CST) by & filed under Jim's Mailbox.

Jim/Bill,

This chart should scare the Bejeezus out of everyone.

unnamed

What if a company like Apple quietly bought back 95% of it’s shares?

What do you think the price would be?

Now just imagine, if after they surreptitiously bought back these shares, they suddenly announced a radical innovation in technology that they developed? Something that would change our lives forever?

But there’s no stock to be had for purchase!!!

That’s the situation we have in silver and gold and the coming currency reset.

The only difference is….gold and silver cannot be replaced or created.

And, unlike gold, once silver is used….it’s gone forever.

CIGA Wolfgang Rech

Wolfgang,

Steve St. Angelo is correct. I particularly enjoyed this quote. “The world basically ATE ITS SEED CORN of MONETARY SILVER so we could have more fancy gadgets and technology.” because it basically will be the supercharger to the coming price action.

Best,

Bill

There’s Just Not That Much Silver Investment Insurance To Go Around
February 5, 2020

By the SRSrocco Report,

As the Fed and Central banks continue propping up the financial markets, many precious metals analysts advise owning gold over silver. They say that gold is the key precious metal that will be used to reintroduce a “Sound Monetary System.” However, I believe the real winner in terms of “future value” in percentage terms will be silver, not gold.

Why? It all comes down to ENERGY. While I have repeated myself many times over about energy being the driver of the economy, there is a large percentage of precious metals analysts and investors that still don’t “GET IT.” And even worse than that, one website that publishes my work, REMOVES the energy content from the article, while only allowing the precious metals subject matter to remain… LOL.

I am going to say this once more… IF YOU DON’T UNDERSTAND ENERGY, you will not understand the real reason to own precious metals. For example, after my last video, Gold & Silver Investing: The Amazing Untold Facts, one commenter stated that after they watched the information, they “WOULDN’T SELL THEIR SILVER.

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Posted at 11:09 AM (CST) by & filed under USAWatchdog.com.

By Greg Hunter’s USAWatchdog.com

A year ago, financial writer and precious metals expert Craig Hemke predicted the Fed would be forced to return to money printing. He was right. Hemke also predicted this would be bullish for gold and silver prices. He was right again. Now, Hemke says, unlike the other times, this time, the Fed will not be able to stop the money printing. Hemke explains, “You’ve got to keep printing cash to service all this accumulated trillions and trillions of dollars of debt. You can’t grow your way out of it. You have to print your way out of it. They can’t let the stock market go down. I think it’s a $20 trillion total market cap. If it went down by 25%, it would be $15 trillion. That would be $5 trillion that would just go poof, and now, your liquidity crisis is that much worse. . . . They can’t afford to let it go down because it will exacerbate the liquidity crisis.”

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Posted at 10:01 AM (CST) by & filed under General Editorial.

Great and Wonderful Wednesday Morning Folks,

      Gold is now trading at $1,557.70, up $2.20 after reaching $1,566.20 before the low was set at $1,551.10 which happened during the London swing. Silver is up as well trading at $17.580, up 1.8 cents and after hitting a high of $17.71 then, after hitting that high price, the low was put into place at $17.465. The US Dollar is also trading higher with the value pegged at 97.92, up 11.1 points and close to the high at 97.965 with the low at 97.760. Of course, all of this happened already, before 5 am pst, The Comex open, the London close, and after one hell of a SOTU speech that the socialists had to sit thru without interrupting and after Nancy found out she can be sued for harboring and protecting illegal aliens that are known killers and rapists.

      The emerging markets currency watch is hard to deal with at times but it clearly shows what fiat can do when controlled by a few with Venezuela’s Bolivar now trading Gold for 15,557.53 Bolivar, as another 141.82 gets taken away from yesterday’s quote with Silver now at 175.580 Bolivar shaving off 0.999. It’s amazing to see how the currency’s support is kept in place after Trump labelled Venezuela’s current leader a socialist dictator yet their currency trades higher (for how much longer?). In Argentina, Gold is now trading at 94,240.52 Peso’s, losing 733.72 overnight with Silver at 1,063.65 Peso’s losing 4.78. Over in Turkey, Gold is now valued at 9,325.16 Lira losing 78.20 with Silver losing 0.502 with the trade at 105.242 T-Lira.

      February Silver Delivery Demands now has a count of 84 posted up on the board proving 37 fully paid for contracts got settled out during yesterday’s trades and with no Volume posted up on the board so far this morning. With the prices slammed as hard as they could go, the stage is set for the Resolute Buyer to swoop in and clean out some more while the gift of printed currency keeps on giving. Silver’s Overall Open Interest continues to contract during this pullback making us wonder if the position limits that were brought up by the CFTC are going to be immediately implemented (proposed commodity position limits of up to 25% of the deliverable supply of each commodity) with the count now at 225,280 Overnighters proving a loss of 2,984 paper contracts that are not backed by real product.

      February Gold’s Delivery count now sits at 2,782 fully paid for contracts waiting for receipts with this morning’s trading range between $1,560.70 and $1,547.70 with the last trade at $1,552.60. Also, of note is the Volume of 219 posted up on the board so far this morning. The delivery months reduction is proving 802 contracts got their receipts either here or in London, as we suspect more than likely only paper is sent to London and no metals whatsoever. Gold’s Overall Open Interest now sits at 655,311 Overnighters as another 20,312 paper shorts exited the trade helping to support of our query regarding position limits.

      The SOTU went over well for most Americans and definitely not for the properly labeled socialists who have attempted to take over our electoral process. More income, more manufacturing jobs coming back into our lands, less taxes, and less government, is truly encouraging and needed, but only for the mass of voters (not the socialists who think they have the right to deny the voters will). The socialist jobs created by the last couple of administrations are slowly being removed because they are opposing the voters will and it’s oh so obvious to see! Especially at the SOTU where President Trump highlighted the proposed legislation that would allow victims to sue sanctuary cities (and states). Which brings up Nancy, who had no choice but to sit there in her chair, getting flustered and bent as Trump made it official.

Here is a starting list of Americans murdered by illegal aliens inside our nation’s borders. Let each and every family member on this list personally sue those elected officials, who willfully allowed the killers, rapists, and thieves, to come in without proper venting, some came back over and over and over again!

      Keep the thoughts positive no matter what, have a smile on your face, and a prayer in the heart, because things are getting better. Getting better each and every day! As always,

Stay Strong!

J. Johnson

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

Great and Wonderful Tuesday Morning Folks,

      Gold is being hammered upon with the trade at $1,571.90 down $10.50 after being knocked down to $1,569.10 with the high to beat at $1,584.50. Silver is doing the opposite (ok, not leading Gold lower this time), with the trade up 1 penny at $17.68, recovering from the low at $17.61 with the high to beat at $17.770. The US Dollar may be getting all this support from the printing going on in other nations with the trade now valued at 97.735, up 11 points after it reached 97.81 with the low at 97.635. Of course, all of this happened before 5 am pst, the Comex open, the London close, and as China starts to close down some gambling hubs that do not include the exchanges tied to every other global exchange (keeping watch).

      In Venezuela, Gold’s value now sits at 15,699.35 Bolivar, giving the buyer a 149.85 discount from yesterday’s quote with Silver at 176.579 Bolivar losing 1.248 since yesterday morning. Argentina’s Peso now has Gold’s value pegged at 94,974.24 showing the gains in currency against a 470.76 A-Peso loss in product value with Silver at 1,068.43 Pesos proving a 4.57 loss. The Turkish Lira now has Gold trading at 9,403.36 as it too shaves off 75.23 T-Liras with Silver doing the same, taking away 0.799 in value with the price set at 105.749 Lira.

      February’s Silver Delivery count now sits at 112 contracts waiting for receipts to be delivered between here, the British island, or somewhere in between, and with a Volume of 32 up on the board so far today with no prices or trading range posted. The demand count fell by 9 from yesterday with Monday’s Volume reaching 15 with the trading range unchanged from yesterday’s write up. Silver’s Overall Open Interest continues lower with this mornings count at 228,264 Overnighters proving a reduction of 1,215 Obligations.

      February Gold’s Delivery requests show a count of 3,584 demands proving a reduction of 1,395 receipts during yesterday’s activity with this morning’s trading range between $1,577.70 and $1,563.20 with the last trade, of course, at the low and with a Volume of 56 posted so far this morning. Gold’s Overall Open Interest continues to contract as well with the count now at 675,623 Overnighters proving a reduction of 3,495 paper contracts used to contain the price, as we wait for more data surrounding all things political, financial, airborne, and viral.

Last night’s show didn’t go so well for any of the participants (except Trump) as the computer errors were many, the claims of winning equal to the errors, and now the idea some democrats might want to consider demanding a paper ballot instead of letting computers do the counting with their past few years of accusations that “Russia, Russia, Russia”, is interfering with everything on the internet. Will the party’s friends in media now claim that Russia helped Trump win in Iowa? Waiting for it, or the idea of a total flip, from the “hanging chads” to trusting computers to do the counting because they are accurate “towards” a (de)fault, and now back to paper?. Stay Tooned for more comedy, because the race towards a distant second place during the 2020 election is heating up!

      We’re waiting for more incubation information regarding China’s pandemic and praying they are able to contain it, as the international spread still seems to be gaining momentum. What we want to see is a reduction, which can only occur after a peak. So, keep that smile on your face, a prayer for all, and a positive thought in the head no matter what, and as always …

Stay Strong!

J. Johnson