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

If There Isn’t A Problem in Comex’s Silver and Gold Markets, Why So Much Paper?

  Great and Wonderful Christmas Eve Everybody!

      Gold is still gaining dollars with the trade at $1,493.90 up $5.20 after touching $1,496.90 before the pullback with the low at $1,488.10. Silver is up as well with the trade at $17.65, up 15.1 cents after hitting a high of $17.715 with the low at $17.425. The US Dollar is as stagnant as can be with the value pegged at 97.31, up 7.5 points, coming off the high of 97.39 with the low at 97.255. Of course, all of this has already happened before 5 am pst, the Comex open, the London close, and still before those 2 articles of impeachment are turned in for review by Pelosi, the outspoken withholder of truth.

      In Venezuela, Gold gained another 75.91 Bolivar with the price now at 14,920.33 Bolivar with Silver gaining another 2.695 with the price at 176.279 Bolivar. In Argentina, Gold is now valued at 89,552.02 Pesos, proving a gain of 741.52 Pesos (x100 Ounce contract) with Silver now at 1,057.30 Pesos proving a gain of 18.80 Pesos (x 5,000 ounces per contract). In Turkey, Golds price is now at 8,891.24 Lira providing a gain of 54.04 T-Lira with Silver gaining 1.707 Lira with the price at 105.045 T-Lira. Not bad at all for a partial trading day.

      The sellers of December Silver still seem reluctant as the delivery price gained another 11.2 cents with the trade at $17.515 and with a Volume of 3 up on the board with a trading range between $17.52 and $17.515. Silver’s delivery count dropped 191 obligations during yesterday’s trade leaving 197 fully paid for contracts waiting to get receipts or to deliver these pieces of EFP paper over to the City of London. Will our Resolute be buying more today? Stay tooned! The reason we ask this is because yesterday the Volume jumped from 2 to 23 with the last price at $17.41, in a way putting an exclamation point directly on the reluctant ones!

      Silver’s Overall Open Interest is still gaining, even though most people are not trading during the holidays the algos are, with the total count now at 217,131 Overnighters proving an additional 6,068 pieces of paper had to be added on Monday in order to stay the price and keep it from exploding sharply higher. We are only 27,065 papered contracts away from breaking another new all-time high in paper over Silver! Maybe we’ll see it break through that paper barrier once again by next Monday, what can go wrong? Still, the question remains the same; if there isn’t a problem at the Comex, why so much paper?

      Take a look at Gold’s All Time High in Paper Contracts at 734,509 Overnighters! This happened yesterday as well while the price traded higher. Where would the real price of Silver and Gold be if the regulators actually regulated the amount of paper used to control the price? We all know the response; the answers will come when the last bars are gone.

      From all of us to all of you … We wish you all a Very Merry Christmas and a Very Happy Hanukkah.

Stay Strong!
J. Johnson

JeremiahJohnson@CableOne.net

Posted at 11:59 AM (CST) by & filed under Jim's Mailbox.

Jim/Bill,

I brought this subject up on Saturdays talk…I think this is a good read.

Dave

Nordstream Sanctions A Sad Coda To U.S. Foreign Policy
December 21, 2019

The U.S. crossed the Rubicon this week. And I’m not talking about the ridiculous impeachment of President Trump for doing his job.

I’m talking about passing the NDAA with provisions to sanction ‘from hell’ anyone associated with completion of the Nordstream 2 pipeline. The U.S. is now openly dismissive as a matter of law any ally or partner who engages in economic activity it disapproves of.

We do this all the time with countries we consider rivals or who have committed ‘human rights abuses’ or contravened international laws or societal norms.

But this is about a simple commercial transaction. Yes, it has geopolitical implications, but those are secondary. No one will be harmed by Nordstream 2, The real harm is to the U.S.’s ability to bring political pressure on European countries to adopt its anti-Russian policies.

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Jim/Bill,

On Saturday, I brought this subject up. The “Military Industrial Complex” is as strong as ever…and James Corbett does an excellent job explaining it!

Dave

Episode 370 – The Afghanistan Papers Are Establishment Whitewash BS
December 20, 2019

The Afghanistan Papers! The Afghanistan Papers! Everyone is talking about the Afghanistan Papers! These “incredible” documents must be full of “explosive revelations” about the US-led NATO invasion and 18-year presence in Afghanistan, right? That’s what everyone is saying, after all. But what if I were to tell you that this “bombshell” report from The Washington Post isn’t just a Nothingburger, but is actually an establishment whitewash? You better brace yourself, because that’s exactly what I’m going to tell you on this week’s edition of The Corbett Report podcast.

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Posted at 11:41 AM (CST) by & filed under General Editorial.

Great and Wonder Monday Morning Folks!

      Comex Gold is giving the holder an early Christmas gift with the trade up $5.40 at $1,486.30 after touching $1,489.10 before the pullback, with the low at $1,481.20. Silver seems to be leading the charge at present with the March contract at $17.380 up 15.1 cents after hitting $17.465 with the low down at $17.230. The US Dollar is the one without movement today with the value pegged at 97.335, up 6.1 points and right there at the high of 97.355 with the low at 97.170. All of this happened already before 5 am pst, the Comex open, the London close, and still, way before Nancy Numbskull turns in those double secret  “you can’t see them because we won’t show them” articles of impeachment.

      Our Emerging Markets Currency Watch is on fire this morning with Venezuela now pricing Gold at 14,844.42 Bolivar adding 33.97 Bolivar since Friday morning with Silver adding 23.47 Bolivar to its value at 173.583. In Argentina, Gold’s value is now at 88,810.50 Peso’s proving a gain of 227.98 with Silver at 1,038.50 showing an additional 14.26 A-Pesos. The Turkish Lira has Gold’s value pegged at 8,837.20 adding 48.85 T-Lira in value with Silver now at 103.338 Lira showing an additional gain of 1.709 in T-Lira value.

      Our December Silver Delivery Demands are leading it all this morning (pricewise) as the count proves an 83 point reduction with the total demand for Physical Silver at 388 fully paid for contracts waiting for receipts and with a Volume of 2 up on the board so far this morning showing how reluctant the seller is with the only price posted (high/low/last) at $17.355, up 22.7 cents from the Friday close. This of course does not take into account all those numbers in parenthesis which are still all over the place looking like an algo spoofer is still spoofing inside the delivery system.

       Silver’s Overall Open interest continues to gain, helping to prove the point that the paper doesn’t have enough real Silver behind it, with the OI adding another 1,962 more short contracts in order to add liquidity with the total count now at 211,063 Overnighters. This count is only 33,133 promissory notes away from breaking the Comex World Record of 244,196 Overnighters that has kept Silver from exploding the price higher during the past 4+ years. These short traders of Silver, have exploded the paper instead of the price, but that is as temporary a fix as can be. All we’re doing now, is waiting for the physical shortages to prove the problem in paper, and then the subsequent price “schwing” higher will occur.   

      Silver’s Option Board is still confounding us as the January Options total proves a reduction in the Overall at 18,793 purchased calls losing 65 over the past weeks’ time. Inside this total count the $18 strike and below was reduced by 66 with that total at 6,543 with the $17 strikes and under, losing 82 with its total at 1,702. Of note here, this is the first reduction we’ve seen as we get closer to the end of the options trade which closes out this Thursday. Over the years, all we recall is the constant climb as they go into expiration. Maybe this means something?

      February Silver Options added 1,256 more purchases bringing the overall total up to 12,070 with the options at and under $18 equaling 4,872, increasing that count by 596 with the $17 and below total now at 1,487 increasing the count by 112. The March Options board now carries a total count of 26,232, proving an increase of 382 overall with the $18 and below gaining 420 bringing that total to 7,986 with the $17 and below at 4,295 proving a reduction of 12 so far. April’s Silvers Call Option Count gained across the spectrum with the total at 3,827 with the $18 and below gauged at 431 showing a gain of 289 with the $17 and below adding 126 of those 289 (at $18 and below) bringing the new amount to 161.

      The previous months Call Options Count (July, Sept, Dec 2019) we’ve watched over, have yet come close to being exceeded. Said another way, there are still no large amounts of purchased Calls anymore in Silver even if we go out to 2024. Whatever was planned is over, what happens next is what we’re waiting for, and as the price swings sharply higher because only 2 – 5,000-ounce purchases were made after that very odd 987 count Volume surprised the trade last week.

       Keeping watch is what we do, hoping it encourages everyone to stay the course and to keep your savings in physical precious metals and in hand. There is nothing safer out there. So, hang on tight and enjoy the ride and as always …

Stay Strong!

J. Johnson

Posted at 1:51 PM (CST) by & filed under Jim's Mailbox.

Jim/Bill,

While the public is distracted by the side show, the real news gets over looked.

Dave

Trump Impeachment… Slapstick Diversion From Reality
December 20, 2019

Fittingly for the jolly season, the House of Representatives’ vote to impeach Trump was more pantomime than serious politics.

“Oh yes, he is!.. Oh no, he isn’t!..” and so it went on for nearly 10 hours of to-and-fro between Democrats and Republicans. Eventually, the finale came when black-clad Speaker of the House Nancy Pelosi hammered the gavel, announcing President had been impeached – only the third-ever in two-and-half centuries of 45 presidents.

It was a foregone conclusion given the Democrat majority in the House. The next step in the impeachment process goes to the Republican controlled Senate next month where Trump will almost certainly be acquitted.

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Jim/Bill,

The media has the public distracted with impeachment so they do not pay attention to what is going on in the real world.

Dave

War is Good for Business and Organized Crime: Afghanistan’s Multibillion Dollar Opium Trade. Rising Heroin Addiction in the US
December 20, 2019

“The Big Reveal for the Washington Post was the release of the Afghanistan Papers. A series of interviews and documents “compiled in secret” and then the subject of a “legal challenge” from the US government. The WaPo baldly calls it: “A secret history of the war”. But there’s nothing here that’s really secret, and very little actual history. What do they tell us? Absolutely nothing, except what we’re supposed to believe.” ( Kit Knightly, December 20, 2019)

What is the unspoken “secret truth” which has not been featured in the Afghanistan Papers?

***

Afghanistan’s opium economy is a multibillion dollar operation which has a direct impact on the surge of heroin addiction in the US.

Despite president Trump’s announced US troop withdrawal, the Afghan opium trade continues to flourish. It is protected by US-NATO occupation forces on behalf of a nexus of powerful financial and criminal interests.

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Jim/Bill,

As we said on Saturday, if this is the best economy ever, why have 15,000 stores closed in the past two years?

Dave

More Than 9,300 Stores Closed Across US in 2019: Report
December 19, 2019

A report found that more than 9,300 stores have closed or are closing across the United States in 2019, including locations operated by Payless, Gymboree, Fred’s, Walgreens, Family Dollar, and many more.

According to a report (pdf) by Coresight Research, which released its year-end report on the closing stores, 5,844 stores closed in 2018. In 2019, 9,302 stores were reported to have been shut down or were going to be shut down, which is a 59 percent increase over 2018.

Payless ShoeSource shut down 2,100 stores, Fred’s shut down 564, Ascena Retail shut down 781, Gymboree shut down 740, Sears closed down 210, and Charlotte Russe shut down 512. Twelve businesses had at least 200 locations shut down in 2019, the research organization said.

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Jim/Bill,

I would recommend all readers watch the short video in this article.

Dave

AT&T Unleashes 5G In 10 More U.S. Cities Despite Warnings, Lawsuits, And Opposition
December 22, 2019

The Federal Communications Commission (FCC) is supposed to protect the public by regulating the telecom industry. Unfortunately, they don’t and haven’t been since long before the Trump administration (see 1, 2).

They’ve become much more dangerous because of the “Race for 5G” which they’re even allowing to be funded with taxpayer dollars (see 1, 2).

Despite lawsuits, opposition, and warnings, they keep forcing its installation. Doctors and scientists insist that 5G is NOT safe and have been requesting a moratorium on installation since 2017.

More…

Posted at 1:22 PM (CST) by & filed under USAWatchdog.com.

By Greg Hunter’s USAWatchdog.com (Early Sunday Release)

Gerald Celente, a top trends researcher and Publisher of The Trends Journal, says his magazine motto is “Tomorrow’s news today.” Celente says, “We are the only magazine in the world that tells you history before it happens.”

Let’s start with what just happened to President Trump with the House of Representatives voting to impeach. Is this going to hurt or help President Trump? Celente says, “It’s going to help Trump. Obviously, the Senate is not going to convict him, and this is just a total waste of time. . . . It was not bi-partisan, and it was totally illegitimate. When it all began, we told our Trends Journal subscribers don’t pay any attention to this because it’s a waste of time and energy. There’s a whole world going on out there, and all you are going to get from the dumb U.S. media is impeachment this and impeachment that. It adds up to zero, and it’s going to help Trump.”

There are many other questions for trends researcher Celente such as will the economy hold up until the November 2020 election? Where are interest rates going, up or down? How long can the economy be propped up my massive global money printing such as what has been going on recently in the repo market? If it breaks down, when will that happen? Civil unrest is going on around the world. Will civil unrest come here to the USA? What about the Middle East? Is there going to be war or peace? A hint from the interview, Celente says, “The world is on fire, and it is heating up.”

More…

Posted at 1:28 PM (CST) by & filed under In The News.

Bill Holter’s Commentary

The left is praying this is not so…On second thought, the left believes we “evolved” and there is no Father God so scratch that. In any case, director Rogers may throw a monkey wrench in the entire scam? And make no mistake, “scam” is not the correct word…COUP is!

Former NSA Director Rogers “Very Cooperative” With Durham Russia Probe
December 20, 2019

The man who some consider the first ‘whistleblower’, after taking what Joe DiGenova called “immense risks” briefing the Trump team on the Obama’s administration’s surveillance, has been cooperating with the Justice Department’s probe into the origins of the counterintelligence investigation of the Trump presidential campaign’s alleged ties to Russia, according to four people familiar with Rogers’s participation.

The Intercept’s Matthew Cole reports that retired Admiral Michael Rogers, the former Director of the National Security Agency, has met with John Durham on multiple occasions, according to two people familiar with Rogers’s cooperation. While the substance of those meetings is not clear, Rogers has cooperated voluntarily, several people with knowledge of the matter said.

While Durham has reportedly recently sought former CIA Director John Brennan’s emails, call logs, and other documents from the C.I.A., Cole notes that Rogers’s voluntary participation, which has not been previously reported, makes him the first former intelligence director known to have been interviewed for the probe.

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Posted at 9:22 AM (CST) by & filed under General Editorial.

    Great and Wonderful Friday before Christmas Folks,

      Gold is trading just below the close at $1,482.90, down $1.50 inside the tightest trading range I’ve seen in a while ($3) with the high at $1,483.60 and the low at $1,480.60. Silver is equally not as “moovy” with its trade at $17.145, down 9/10ths of a penny with the high right there at $17.17 and the low right there at $17.08. The US Dollar is by far more volatile with its value pegged at 97.090 up 13.5 points after reaching 97.160 with the low to beat at 96.975. All of this happened before 5 am pst, the Comex open, the London close, and after very few people even watched the democratic party’s “I hate Trump no matter what” debates.

       Venezuela’s currency now has Gold valued at 14,810.46 Bolivar adding 44.94 more Bolivar than what was taken yesterday with Silver at 171.236 it too gaining 1.45 Bolivar. In Argentina, Gold now has a value of 88,582.52 Peso’s adding 211.20 more, for the holder, with Silver now getting 1,024.24 Peso’s per ounce showing a gain of 8.10 in one day’s trade. The Turkish Lira’s price for Gold now equals 8,788.35 Lira et tu showing a gain of 6.05 Lira with Silver now priced at 101.629 proving a gain of 0.644 in T-Lira Value.

      Red Silver’s Delivery Demands jumped to 471 during yesterday’s trade adding 147 more requests for physical which happened inside a very strange day of trading. Yesterday, the delivery month’s pricing started off at $16.985, with the last “real” trade at $16.975 with a closing price adjusted up to $17.058. Inside yesterday’s trade, the delivery month posted a Volume of 987 and with no prices being posted as I watched the Volume go higher and higher and higher. If I was to use the excuses the Comex has given me in the past, this may have been a spread trade exiting the spread into a delivery.

       This spread trade, would have already been in place, like a “LONG” December contract and SHORT a March contract (example). This spread would have to exit before the last delivery day and if the spreader wanted delivery of physical, he would simply exit the “short” side of the spread and keep the longs. This (Resolute?) trader would also have to have 100% of the margins required per contract in order to stay in the trade. I’m not saying this happened; however, I am using the excuses that Comex representatives, at the delivery desk, gave us in the past. Remember, we are the uncleaned going against a criminal element notarized by the governing bodies. Also, of note, this morning’s activity has seen Zero movement in the delivery month …. What I do not know as of yet is if the entire 987 Volume was a physical “Buy”? Tick Tock!

      Silver’s Overall Open Interest is where the real control of pricing is with today’s added proof that 1,386 more short contracts had to be added into the market in order to keep Silver from adding far more value to the paper already in play with the total now at 209,101 Overnighters. To add to this is Gold’s Overall Open Interest which is now at a New World Record High of 730,040 Overnighters proving 12,506 more short contracts had to be added in order to tell you, Silver and Gold holders, how wrong you are about their price fixes! Nothing Says There’s A Problem in Au/Ag Like Comex Open Interest!

     Normally I would be adding more news info but I’m fighting internet connectivity issues as I try to calculate prices and activities before it goes down again. Have a great weekend, keep the attitudes positive and that smile on your face, as we move into Winter and the longest night of the year. Stay Resolute and …

Stay Strong!

J. Johnson

Posted at 9:22 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

Only $400 billion? I would bet multiples of this, but then again I am a conspiracy theorist because I question no U.S. gold audits since the 1950’s and…I’m pretty sure Epstein didn’t kill himself…? By the way, they do have some pretty cool infrastructure from what they already borrowed…!

China Is Facing A $400 Billion “Liquidity Hole” In January
December 18, 2019

It’s not just the US which is facing an unprecedented liquidity crunch as a result of a shortage of reserves, which threatened to lock up the all-important repo market: China is also facing a potentially destabilizing “liquidity hole” of 2.8 trillion yuan ($400 billion) in January according to Guotai Junan Securities, as people across the nation will withdraw cash for the Lunar New Year holiday. That, according to Bloomberg, means bond traders expect the central bank to unlock funds to avoid the liquidity-driven panic seen in October, when the benchmark 10-year yield spiked the most in six months.

And just like in the US, where the Fed responded by backstopping nearly $500 billion in liquidity in the form of term and overnight repos to help dealers and banks bridge the gap to 2020, some analysts expect the People’s Bank of China to ease aggressively in the coming weeks, by cutting the RRR rate, reducing the amount of cash lenders must hold as reserves. It could also opt to inject funds through its daily open-market operations, according to others. But, as Bloomberg notes, no analyst is calling for a massive net liquidity injection or a benchmark interest-rate cut, as Beijing won’t want to risk inflating prices when the consumer price index is at a seven-year high largely due to soaring pork prices due to China’s ongoing struggle with the consequences of “pig ebola.”

“Bonds will get a short-term boost next month as China may cut reserve ratios to offset the liquidity drainage,” said Overseas-Chinese Banking economist Tommy Xie, adding that just like the Fed’s Not QE is not really QE4 (spoiler alert: it is), this can’t be viewed as the start of a broad easing cycle. “The central bank just wants to tailor the solution to the liquidity problem. The long-term outlook for the debt market will still hinge on China’s economy and the trade negotiations.”

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