Posted at 9:17 AM (CST) by & filed under General Editorial.

Great and Wonderful Friday Morning Folks,

      Gold is flat to lower in the early morning with the trade at $1,914, down $2.30 after dipping down to $1,895.20 with the high so far today up at $1,923.60. Silver is down 16.9 cents with the trade at $24.07 recovering from the low at $23.58 with the high up at $24.285. The US Dollar is up 13.3 points with the value pegged at 93.895, after passing the double zeros again, with the high at 94.09 and the low much closer at 93.76. Of course, all this happened before 5 am pst, the Comex open, the London close, and after Nancy and team decided to give themselves a higher relief package instead of learning how to spend within a budget. Please don’t get me wrong here, funds are definitely needed for those that got their jobs canceled by politics. I’m simply waiting to see the list of added-on benefactors. Will these additional funds go to a group of “woke” colleges and institutions, that are currently being defunded because they teach worst-case socialism instead of teaching our children exceptionalism, which is to stand on their own two feet, live within their abilities, adapt, and to thrive on their own earned incomes?

      Could it be the Emerging Markets Currencies we watch, are leading today’s US$ futures prices? It’s something to consider, maybe, with Venezuela’s Bolivar now pricing Gold at 19,116.08, a gain of 118.87 Bolivar with Silver’s price now at 240.399 it too gaining 3.246 Bolivar. Argentina’s Peso price for Gold is now at 145,812.36, an increase of 973.08 Peso’s with Silver price gaining 26.41 with the last trade at 1,833.26 A-Peso’s. Gold under the Turkish Lira also gained 93.42 T-Lira’s with the last trade at 14,812.32, Silver under the same conditions is now priced at 186.343, gaining 0.314 of a T-Lira. 

      October Silver’s Delivery Demands now has a post of 735 fully paid for contracts with a Volume of 12 up on the board and a trading range between $24.05 and $23.58 with the last swap at the high, down 14.3 cents from yesterday’s fix. Thursday’s activity inside the deliveries happened in between $23.975 and $23.395 with the last buy at the high with the calculated Comex close figured at $24.19, up 76 cents, and where no trade was made, which included a Volume of 214 which also increased today’s demand count by 68 contracts. Silver’s Overall Open Interest also increased by 625 Contracts bringing today’s early morning total to 155,514 Overnighters to go against the physicals. 

      October Gold’s Delivery Demands now has a post of 18,263 fully paid for contracts up on the board with a trading range between $1,913 and $1,893.90 with the last buy at $1,907.20, down $1.20 with a total of 101 contracts swapping hands already. Yesterday’s activity inside the deliveries happened in between $1,909.60 and $1,882.50 with the last buy at $1,903.50 with the cCc at $1,908.40. This is still a 3.483 Billion Dollar order waiting to get real. As of this early morning, Gold’s Overall Open Interest is tallied at 557,424 proving a gain of 768 shorts to trade against the physicals. And just in time too, since we have the Unemployment numbers to deal with in under an hours’ time.

       5 days from today we’ll have another biased debate between the President and all the socialists inside the challengers earpiece and with another clear and pure Joe supporter to ask the fair and balanced questions. I wonder if this debate committee will ever allow the president to pick a narrator, after all Trump did request another Joe to moderate, and it appears the main stream media, cannot let that happen because Joe Rogan is not one of them. Something else that is happening is the NYTimes admits WHO’s decision, not to close our borders at the start of the plandemic, was based on “Politics”, Not Science. We all remember the continued Xenophobic remarks being made with Nancy going to China town to say “Don’t Worry, Be Happy” and how the left was claiming they had science on their side. So, what’s the difference between real science and media promoted (or is it programmed) science? It’s right here being used to support a political side.

      Something else came up last night, our Justice Department sent this …. Proposed Amendments To Address Interest Rate Benchmarks…. “ISDA’s process, including its cooperation with government regulators and its consultation-driven process for obtaining feedback from industry participants, has had the effect of clarifying the practical issues involved in planning for when LIBOR and other IBORs are no longer available and preparing for a smooth transition away from IBORs to other reference rates,” ….. “This is in part because investigations by U.S. and regulators from other jurisdictions uncovered explicit manipulation of the submissions from certain banks to administrators of LIBOR and other interest rate benchmarks. In addition, the United Kingdom’s Financial Conduct Authority, LIBOR’s regulator, has publicly stated that firms cannot rely on LIBOR being published after 2021.”

Is this Brexit or another exit?

      Enjoy your weekend and keep the attitudes positive. If you are in possession of physical Silver and Gold, and it’s in your hand, you have more reasons to Don’t worry Be Happy. As Always …

Stay Strong!

Jeremiah Johnson

More J.Johnson content is available with purchase of a JSMineset subscription.

Posted at 1:29 PM (CST) by & filed under Jim's Mailbox.


Will they now stop calling us “tin foil, hat wearing, conspiracy theorists”?


Bullion Bank Criminal Corruption
September 30, 2020

Written by Craig Hemke, Sprott Money News

The news of convictions and settlements is now coming so fast that it can be hard to keep up. So today, let’s try to list them all for you.

What you first need to know is that Bullion Bank price manipulation in the precious metals has been going on for decades. And don’t think for a second that a few fines and convictions will suddenly bring all of this to an end. There’s too much easy money involved for a Banker to simply walk away. Just today, as I type, we saw this latest action in COMEX silver. No other market was moving at the time, so the only plausible explanation is a massive spoof, no doubt placed by a Bullion Bank trader.


Anyway, back to the matter at hand…

About a year ago, the U.S. Department of Justice brought criminal conspiracy and racketeering charges against several JP Morgan precious metals traders, including the head of the precious metals desk, a man named Michael Nowak. Besides working for JPM, Nowak also served on the Board of Directors of the LBMA. Imagine that! We wrote about it at the time, so if you want to go back and bring yourself up-to-speed, here’s the link:

Case Closed – Craig Hemke (17/09/2019)

In the past few weeks, there has been a flurry of activity on the active cases. First, it was reported that JPM was going to settle with the DoJ and CFTC for a record penalty. This was confirmed earlier today, and the total fine is $920,000,000.


Posted at 10:25 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

I feel your pain Erik! Part of becoming a banana republic includes censorship and silencing of opposing views. We are well on our way sadly…

The View From the Middle—Not the Best Place to Be (Politics)_001

The View From the Middle—Not the Best Place to Be (Politics)_002

Bill Holter’s Commentary

This is food for some serious thought! Is your household prepared? Jim has pounded on “back to basics” over the last 5 yeas or more, what is more basic than food?

Global Food Shortages Are Becoming Very Real, And U.S. Grocery Store Chains Are Preparing For Worst Case Scenarios
September 29, 2020

The head of the UN World Food Program repeatedly warned us that we would soon be facing “famines of biblical proportions”, and his predictions are now starting to become a reality. We have already seen food riots in some parts of Africa, and it isn’t too much of a surprise that certain portions of Asia are really hurting right now. But I have to admit that I was kind of shocked when I came across an article about the “hunger crisis” that has erupted in Latin America. According to Bloomberg, “a resurgence of poverty is bringing a vicious wave of hunger in a region that was supposed to have mostly eradicated that kind of malnutrition decades ago”. We are being told that food shortages are becoming acute from Mexico City all the way down to the southern tip of South America, and those that are the poorest are being hit the hardest.

Let me ask you a question.

What would you do if you didn’t have any food to feed your family?

Fortunately, for the vast majority of my readers that is just a hypothetical question. But for many families in Latin America, the unthinkable is now actually happening…

He couldn’t feed his family. Matilde Alonso knew it was true but couldn’t believe it. The pandemic had just hit Guatemala in full force and Alonso, a 34-year-old construction worker, was suddenly jobless.


Posted at 10:21 AM (CST) by & filed under Jim's Mailbox.

Our pal Dismal Dave sent us some excellent quotes from history. He also adds an incredible list of articles. We have seen most of these articles but so impressive to see them all in one place. We would suggest you start near the bottom of the 600++ articles, and work backwards as you will start at the proven conclusion to start with and then prove it to yourself as you continue. We would also suggest you forward this to any friends or relatives who do not believe what you have tried to explain many times. Thanks DD!


‘When a government is dependent upon bankers for money, they, and not the leaders of the government, control the situation, since the hand that gives is above the hand that takes. Money has no motherland. Financiers are without patriotism and without decency. Their sole object is gain.’ Napoleon Bonaparte. (1769-1821).

‘Some, most, people think the Federal Reserve Banks are U.S. government institutions. They are not; they are private credit monopolies which prey upon the people of the U.S. for the benefit of themselves and their foreign and domestic swindlers, and rich and predatory money lenders. The sack of the United States by the Fed is the greatest crime in history.

‘Every effort has been made by the Fed to conceal its powers, but the truth is, the Fed has usurped the government. It controls everything here and it controls all our foreign relations. It makes and breaks governments at will.’ Congressional Record, 12595-12603. Louis T. McFadden, Chairman of the Committee on Banking and Currency (12 years). June 10, 1932.

‘The real truth of the matter is, as you and I know, that a financial element in the large centers has owned the government ever since the days of Andrew Jackson.’ Franklin D. Roosevelt (1882-1945). in a letter to Colonel House, dated November 21, 1933.

‘The central bank is an institution of the most deadly hostility existing against the Principles and form of our Constitution. I am an Enemy to all banks discounting bills, or notes for anything but Coin. If the American People allow private banks to control the issuance of their currency, first by inflation and then by deflation, the banks and corporations that will grow up around them will deprive the People of all their Property until their Children will wake up homeless on the continent their Fathers conquered.’ Thomas Jefferson. (1743-1826).

‘It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.’ Henry Ford. (1863-1947).

‘Whoever controls the volume of money in any country is absolute master of all industry and commerce, and when you realize that the entire system is very easily controlled, one way or another, by a few powerful men at the top, you will not have to be told how periods of inflation and depression originate.’ James A. Garfield. President of the USA. Two weeks before he was assassinated. (1831-1881).

‘The bold effort the present bank had made to control government (Second National Bank of the U.S.). the distress it has wantonly produced, are but premonitions of the fate that awaits the American people should they be deluded into a perpetuation of this institution, or the establishment of another like it.’ President Andrew Jackson. (1767-1845).

‘That we are overdone with banking institutions which have banished the precious metals and substituted a more fluctuating and unsafe medium, that these have withdrawn capital from useful improvements and employments to nourish idleness, that the wars of the world have swollen our commerce beyond the wholesome limits of exchanging our own productions for our own wants, and that, for the emolument of a small proportion of our society who prefer these demoralizing pursuits to labors useful to the whole, the peace of the whole is endangered and all our present difficulties produced, are evils more easily to be deplored than remedied.’ Thomas Jefferson (1743-1826). letter to Abbe Salimankis, 1810.

‘The issue which has swept down the centuries and which will have to be fought sooner or later, is the people versus the banks.’ Lord Acton. (1834-1902).

‘It is no coincidence that the century of total war coincided with the century of central banking.’ Ron Paul. (1935- ).

‘24 hours in a day and 24 beers in a case. Coincidence? I think not!’ H. L. Mencken. (1880-1956).

Metal Market Manipulation; et al. Links [PDF]

Posted at 9:28 AM (CST) by & filed under

By Greg Hunter’s

Renowned geopolitical and financial cycle expert Charles Nenner called this market just 2% from the top in January.  What does he think now?  He likes gold and says he “made more money in gold than in stocks” in the past few months.  Nenner says, “We are playing the long term gold market.  We went out at $2,100 (per ounce), and the price target was $1,850 (on the downside).  We hit $1,850 a couple of days ago, so we bought back in.  We get in and out for a couple of hundred points, and it’s worthwhile.  So, the gold cycle is up for much longer.  $2,500 is the first target, and it could be we get higher targets.  I do not believe in the stock market, most of the markets we do nicely in are the gold market, silver market, crude oil market, bond market and the dollar.  It’s all very simple and normal, and the stock market is not going to end very well.”


Posted at 9:26 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

Clive Maund on the New World Order.

Welcome to THE GLOBAL GULAG Part 2 – The Fight Back…
September 28, 2020

This article is the sequel to the widely read Welcome to the Global Gulag (Part 1) and aims to address many of the points not covered in Part 1, but whereas Part 1 was written in just one (long) day off the top of my head, Part 2 has been carefully brought together over a period of weeks. It is long, but that is not because I am a rambler – I get to the point. The reason it is long is that there is a lot of ground to cover. So take your time reading it, and you might want to do so in bite sized chunks, and reread parts of it later, and once you have done so, SPREAD IT AROUND, because it may not be possible to get articles like this posted anywhere in the not too distant future.

The Coronavirus / Covid-19 psyop, plandemic, or scamdemic if you prefer, is the greatest con job, hoax and plot in the history of the world.

The year 2020 will surely go down in the annals of history as one of the worst of all time, although the seeding event, the virus, occurred late in 2019. It is hard to comprehend the magnitude of the devastation that has been inflicted this year, all in pursuit of the objective of absolute power by a narrow clique of plutocrats. The global economy, already teetering on the brink due to extremes of debt, has been severely impacted by their gigantic wrecking ball, with countless thousands of businesses destroyed or on the brink of failure, countless millions made unemployed, whole industries leveled, including the airlines, the catering industry, the event and hospitality industry, travel and tourism and restaurants, but even worse has been the damage inflicted on the social fabric. The global population has been duped by the contrived virus hoax into accepting draconian house imprisonment, abandoning normal social interaction and even into accepting wearing masks everywhere they go, whose subliminal message is “Shut up and do as you are told, or else.” This is all part of a comprehensive plan to atomize society so that people are as isolated, vulnerable and afraid as possible, which makes them much more susceptible to being controlled and manipulated into doing things like accepting being vaccinated. Think about the countless millions or rather billions of things that should have happened this year that haven’t, the meetings of friends, meals in cafes and restaurants, visits to art galleries concerts and museums, vacations, the countless billions of photos not taken, children missing school and their school friends, lovers split apart etc. etc. Society has been impoverished on an unprecedented scale and for what? – a massive lie promulgated by a narrow group of evil men who control most of the media and the medical profession.


Bill Holter’s Commentary

Borrow massive amounts of debt to do stock buybacks…and then layoff 28,000 employees? Great business plan except how do you pay the debt back?

Disney To Lay Off 28,000 Employees As Coronavirus Slams Its Theme Park Business
September 29, 2020

Prolonged closures at Disney’s California-based theme parks and limited attendance at its open parks has forced the company to lay off 28,000 employees across its parks, experiences and consumer products division, the company said.

In a memo sent to employees on Tuesday, Josh D’Amaro, head of parks at Disney, detailed several “difficult decisions” the company has had to make in the wake of the coronavirus pandemic, including ending its furlough of thousands of employees.

Shares of the company fell less than 2% after the closing bell on Tuesday.

Around 67% of the 28,000 laid off workers were part-time employees, according to a statement by D’Amaro on Tuesday. The company declined to break down the layoffs by individual park locations.

While Disney’s theme parks in Florida, Paris, Shanghai, Japan and Hong Kong have been able to reopen with limited capacity, both California Adventure and Disneyland have remained shuttered in Anaheim, California.


Posted at 10:59 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

“Keep in mind that government produces no products and no jobs. The private sector creates the jobs and the only thing between a derelict and a man is a job. I leave it to you to ponder out how our government has gotten so out of control.”


Who or What Created the Job You May No Longer Have_001

Who or What Created the Job You May No Longer Have_002

Bill Holter’s Commentary

Well, well, well, “we” were called conspiratorial nutjobs for years and it turns out we were correct all along. The CFTC did their part when they found “nothing actionable”. Blythe Masters skipped town after blatantly lying re manipulation. JPM it turns out has been a criminal enterprise run by someone who loves to remind you “he is richer than you are”! So I have to ask, when do us peon precious metal bulls get restitution for what has been stolen annually from us By the way, it does appear that DOJ finally followed a recommendation we’ve made every single year since 2013…follow the money via “time and sales” to find out who’s done what. Bravo, but a little late? By the way, isn’t a $1 billion fine to them like you dropping a hundred bucks in a wind storm?

Meet The Mastermind Behind JPMorgan’s Gold And Silver Manipulation “Crime Ring”
September 29, 2020

There was a time when the merest mention of gold manipulation in “reputable” media was enough to have one branded a perpetual conspiracy theorist with a tinfoil farm out back. That was roughly coincident with a time when Libor, FX, mortgage, and bond market manipulation was also considered unthinkable, when High Frequency Traders were believed to “provide liquidity”, when the stock market was said to not be manipulated by the Fed, and when the ever-confused media, always eager to take “complicated” financial concepts at the face value set by a self-serving establishment, never dared to question anything.

All that changed in November 2018 when a former JPMorgan precious-metals trader admitted he engaged in a six-year spoofing scheme that defrauded investors in gold, silver, platinum, and palladium futures contracts. John Edmonds, then 36, pled guilty under seal in the District of Connecticut to commodities fraud, conspiracy to commit wire fraud, commodities price manipulation, and spoofing, a trading technique whereby traders flood the market with “fake” bids or asks to push the price of a given futures contract up or down toward a more advantageous price, and to confuse other traders or HFTs which respond to trader intentions by launching momentum in the other direction. As FBI Assistant Director in Charge Sweeney explained at the time, “with his guilty plea, Edmonds admitted he intended to introduce materially false and misleading information into the commodities markets.”

A little more than a year later, former Deutsche Bank precious metals trader David Liew sat in a federal courtroom telling a jury about how he learned to ‘spoof’ markets from his colleagues, and that he considered the behavior to be “OK” because it was “so commonplace.” Unfortunately for him, federal authorities didn’t see it that way, and have aggressively prosecuted the big dealer banks for market manipulation across a variety of markets. His testimony led to convictions for two of his former coworkers. A few days later, JP Morgan agreed to settle similar allegations with a record $1 billion fine, netting another major victory for the government in the nearly decade-long campaign to root out manipulation from the precious metal markets.