Posted at 1:17 PM (CST) by & filed under In The News.

Bill Holter’s Commentary

Always remember, one man’s asset…is someone else’s liability!

Calling The Holdings Of Central Banks “Assets” Is A Travesty
February 17, 2021

Akhlys, the Greek goddess of Misery and Poison, is exerting a major influence on the world currently. And sadly the dosage of misery and poison will increase in coming months and years.

What is now crystal clear is that this excess dose of fake assets and fake liabilities will totally poison the financial system and the world economy.

As Paracelsus, the renowned 16th century Swiss physician said; “all things are poison, it is the dosage that makes it either a poison or a remedy.”

When a world already in trouble was hit by a severe financial crisis in September 2019, the dose of debt was already excessive. But as the Fed and the ECB opened the money spigots fully, they filled the world with poisoned or fake money. The BY team (Biden & Yellen) will now be certain to finish this process with their profligate spending plans.

MAJOR CENTRAL BANKS BALANCE SHEETS UP 6X SINCE 2006

The financial system has been poisoned for decades by governments’ excess spending and central banks’ prodigal printing of toxic and worthless money.

And now, with Covid, they have the perfect excuse to senselessly create trillions of dollars, euros, yuan or yen. The world doesn’t realise that this money, fabricated by pressing a button, is no different from the Monopoly board game money.

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Bill Holter’s Commentary

Alisdair Macleod on Bitcoin versus gold.

The Future Of Money Is Gold
February 18, 2021

This article explains why the successor money to failing fiat is gold, not cryptocurrencies. Cryptos can only act as stores of value so long as fiat exists. I describe how a world transacting with monetary gold and properly constituted gold substitutes works. It explains how and why unbacked bank credit expansion, which in natural Roman law was ruled to be fraudulent 1,800 years ago, can and should be eliminated in a post-fiat world, thereby ending destructive credit cycles.

Gold exchange standards, which are comprised of gold-backed money administered by the state, worked extremely well when properly implemented, and it is the siren songs of inflationism that are at the root of the current crisis. If the transition from worthless fiat back to gold standards is handled properly, an initial recovery to fully functioning economies need not take more than a year or so.

The pressure on future governments to reject inflationism in favour of free markets and sound money should not be underestimated. It is not rocket science. All we need are politicians in whose interests it is to see the light and have the determination to take their electorates with them. It will require them to hand back to individuals the responsibility for their own actions, enabling the requisite cuts in government responsibilities and expenditures to be made.

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Posted at 8:31 AM (CST) by & filed under General Editorial.

Great and Wonderful Friday Morning Folks,

     The February Precious Metals Options expiration happens next week Tuesday. With that in mind Gold goes lower, with the April contract trading at $1,768.50, down $6.50 after the typical London hit down to $1,759 with the high to beat at $1,776.30. Silver is harder to shake loose from the physical buyers grip with the May contract at $27.09, down 2.8 cents after that huge market-makers-middle-of-the-night-slam-dunk down to $26.105 before it recovered with the high to beat at $27.29. The US Dollar is still rangebound with the trade calculated at 90.26, down 34 points and close to the low of 90.215 with the high at 90.66. Of course, all this happened before 5 am pst, the Comex open, the London close, and after the Gamestop Hearing happened, in which one law faker, feels people who discuss the markets on an open free speech platform are a threat to the markets, controlled by Algo’s. “This episode exposes a serious threat to our financial system,” Scott said. “When tweets, social media posts, do more to move the market than material legitimate information(??), the risk is enormous…”

      On Venezuela, Gold is now valued at 17,662.89 Bolivar, proving another reduction of 138.83 overnight with Silver now carrying a 270.56 Bolivar value showing a loss of 1.79. Argentina’s current price for Gold shows another 1,045.88 pull with the last buy at 157,498.18 Peso’s with Silver trading at 2,412.44 A-Peso’s taking back 12.94, or half of yesterday’s gains. Turkey’s last Lira price for Gold is at 12,326.87 showing the currency pulled another 75.76 from yesterday’s value with Silver’s last trade at 188.81, a reduction of 0.92 T-Lira. 

      February Silver’s Delivery Demands now shows a post of 366 fully paid for contracts waiting for receipts and again, with Zero Volume posted during London’s trading period. Yesterday’s full day of activity had 2 new buys at $27.125, down 18.9 cents over the previous Comex close, with Thursday’s calculated close at 27.077, down 23.7 cents where no trade was made, which also witnessed a reduction of 98 contracts that got receipts, maybe. Silver’s Overall Open Interest shows another 2,178 contracts leaving the field of play giving us an early morning total of 181,082 paper promises that trade against a product that can’t be found at these prices.

      February Gold’s Delivery Demands, are still a heavy burden for Comex, with the count now at 3,173 fully paid for contracts waiting for receipts and with a Volume of 21 up on the board with a trading range between $1,771.30 and $1,764.30 with the last “London buy” at $1,769.60, down $3.80 so far today. Yesterday’s full day of trade happened in between $1,784.60 and $1,766 with the last purchase at $1,771.80, up 80 cents with a CCC at $1,773.40, a gain of $2.30 that had a total of 587 new swaps, that increased the standing orders by 291 contracts waiting for receipts. As the physical demands gained, Gold’s Overall Open Interest declined, as another 1,529 contracts left the trade leaving a total of 498,375 paper promises to control this market till the Options come off the board in one of our primary delivery months.

The Gamestop hearing was chock a block full of great stuff. Questions surrounded the funding (bailout?) of Robinhood, the requirements to get that additional funding (ironically from the same companies that own algo trading platforms used to short Gamestop?) in order to keep Robinhood in business. Or the apparent bias towards those evil “dumb money” traders who got together on a freedom of speech platform, to talk about how these innocent hedge funds can “legally” (SEC allowed) oversell shares they don’t have, and of course, how small investors can gang up against an innocent hedge fund, and actually cause financial damage to the entire system. They also talked about the options that were “In The Money” that helped the GameStop price that most likely helped smoked that short squeeze exit. They even spoke about blockchaining the markets!!!

      Here we come to the issue at hand; Apparently, the freedom of speech is a problem for these Algo’s and those that support a system that intentionally keeps the small or individual trader from profitting. Is this why Greg Hunter was punished after his most recent interview with Bill, when they talked about Silver and Gold, which got YouTubed? Or is it because Greg has been reporting and still thinks; Big Tech Censors, 2020 Election Still Stolen, Economy Fragile? What a joke we live in, when freedom of speech at the retail level, is offensive to Algo profitting companies like every major and central bank. Supposedly the SEC and their supporting friends will be at the next show. This should be interesting to hear “live”.

      Algo’s have controlled the prices of everything from stocks, all the way into the commodities, that support all manufacturing and life, with virtually no price discovery being allowed without the algo’s controlling them. That is, until someone figures out the words these Algos respond to, and use those words against the software. Let us not forget that Algo’s have been created to write articles for sports and finance too. What can an Algo hide? Real news, real prices, real everything?

      One thing for sure, the precious metals we hold in hand, cannot be used against us. Which is why, we stress the idea of holding your own and away from the Big Wrek that will happen in the future. Enjoy your weekend, keep that smile on your face and a prayer for all. As always …

Stay Strong!

Jeremiah Johnson

JeremiahJohnson@cableone.net

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

Posted at 8:35 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

Nothing to worry about here?

The Buffett Indicator at All-Time Highs: Is This Cause for Concern?
February 17, 2021

The-Buffett-Indicator

Buffett Indicator at All-Time Highs: A Cause for Concern?

In 2001, Warren Buffett famously described the stock market capitalization-to-GDP ratio as “the best single measure of where valuations stand at any given moment.”

This ratio, now commonly known as the Buffett Indicator, compares the size of the stock market to that of the economy. A high ratio indicates an overvalued market—and as of February 11, 2021, the ratio has reached all-time highs, indicating that the U.S. stock market is currently strongly overvalued.

Today’s graphic by Current Market Valuation (CMV) provides an overview of how the Buffett Indicator has changed since 1950. We’ll also explain how the ratio is calculated, and why things might not be as dire as seem.

The Buffet Indicator, Explained

Before diving into the data, let’s cover the basics—what is the Buffett Indicator, and how is its value calculated?

The Buffett Indicator is a ratio used by investors to gauge whether the market is undervalued, fair valued, or overvalued. The ratio is measured by dividing the collective value of a country’s stock market by the nation’s GDP.

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Posted at 8:30 AM (CST) by & filed under General Editorial.

Great and Wonderful Monday Morning Folks,

     It’s our President’s Day Holiday for most, yet money rarely sleeps, with April Gold down $2.70 with the trade at $1,820.80 recovering from the low of $1,815.50 with the high at $1,827.10. Silver is not following protocol with the trade at $27.69, up 36.2 cents from the starting low at $27.45 and the high to beat at $27.74. The US Dollar Index is still moving slowly, even with all the political commotion going on, with the value pegged at 90.37, down 10 points and right smack in the middle of its London range between 90.46 and 90.25. Of course, all this happened overseas, and in London’s time, while we holiday, and after the Democratic lawyers were caught doctoring evidence in the no-longer-in-office-impeachment-case, and after they already retracted a false statement they tried to use as a fact. When will they be called out for constantly lying to the American Public?

      Since Friday morning, Gold gained 40.95 Bolivar in Venezuela with the last trade at 18,185.24 with Silver’s last price at 276.55, a gain of 5.49 Bolivar. Gold in Argentina also gained 354.99 Peso’s with its last price at 161,022.17 with Silver gaining 48.70 with its last price at 2,449.05 A-Peso’s. The Turkish Lira’s last price for Gold traded at 12,690.85 proving a loss of 63.64 with Silver gaining 2.48 T-Lira’s with the last buy at 192.99.

      February Silver’s Delivery Demands now shows a total of 406 fully paid for 5,000-ounce contracts waiting for receipts and with a Volume of 1 up on the board and a $27.51 price attached to that purchase. Friday’s delivery trades had no swaps at all, but they did Calculate a Comex Closing price of $27.323, a gain of 28.1 cents, dropping the demands by 125 contracts that most likely got efp’d to London because we don’t have the Silver(?). With the rumors everywhere about No Physical Silver in any size, we did get to see an additional gain in Silver’s Overall Open Interest as another 1,901 more shorts got added to keep the markets liquid bringing the early morning total to 182,758 contracts willing to trade against the physicals.

      February Gold’s Delivery Demands are still heavily elevated, especially for this late date in the month, with 3,111 fully paid for 100-ounce contracts still waiting for receipts and with an additional Volume of 306 already up on the board with a trading range between $1,823.40 and $1,815.90 with the last buy at $1,817.30, down $4.30 so far today. Friday’s full day of delivery trade happened in between $1,827.50 and $1,809.20 with the last swap at $1,823.20, a loss of $3.30 on the day, that helped reduce the demand count by 2,143 contracts getting receipts or were sent to London giving us today’s early morning count. Gold’s Overall Open Interest lost 3,813 paper contracts bringing this morning’s early total to 504,518 shorts willing to trade against the physicals.

Ronan continues to keep us abreast of the Silver issues in the City of London, as SLV warns, it can’t find Physical Silver either. They simply have too much demand for the real, supposedly imposed upon SLV’s paper investment, by a group of basement-dwelling kids with free checks to trade with and a cellphone app. This story is only adding to the shortage stories we know are real, here in the states, as the difficulty of finding the real is truly getting discussed daily, regardless of Comex’s Controlling Paper Price, which they are obligated to deliver at. Of note, we’re only 8 days away from the March Options coming off the board (expiring) with the 26th of February being the First Notice Date for the March Deliveries. The third month of the year just so happens to be a primary delivery month in Silver, like February is for Gold. This may be the point to watch as the Open Interest in March needs to drop a lot, in order to keep things steady. What happens next is all up to the physical buyers.

      As mentioned above, money rarely sleeps, or holidays! Treasuries, Currencies, Petroleum (think petrodollar), and Precious Metals, are the only things trading today, which is why we are here keeping watch! Have a wonderful day, keep the faith, and let the markets roll on. None of this matter, that is, if you have Silver and Gold in hand … As always …

Stay Strong!

Jeremiah Johnson

JeremiahJohnson@cableone.net

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

Posted at 7:45 PM (CST) by & filed under USAWatchdog.com.

By Greg Hunter’s USAWatchdog.com (Saturday Night Post)

Gerald Celente, publisher of The Trends Journal and a renowned trends researcher, is back to talk about the recent Bitcoin boom and many other trends coming in 2021. On Bitcoin and its recent price explosion, Celente says, “Why is Bitcoin going back up? It’s going back up because everybody with a brain bigger than a pea knows that the central banks are doing nothing but pumping all this fake money into the economies to artificially prop them up. This is young people’s gold, and they are the ones that began it. . . . One of our top trends for 2021, and we come out with them in December, is the youth revolution. This isn’t going away. . . . Another one of our trends from a year ago is they are going from dirty cash to digital trash. You don’t want to trust that dirty money forever. You can get the virus from that (sarcasm). So, we are going digital. Now, they can know every penny that you spent, where you spent it and how you spent it . . . so they can get their cut. It’s called taxes, but it’s not really taxes. It’s stealing our money so these low-life scum pieces of crap called politicians who have never worked a day in their lives can keep sucking off the public teat. It is also to give all their buddies, imbeciles and morons called bureaucrats jobs.”

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Posted at 8:36 AM (CST) by & filed under USAWatchdog.com.

By Greg Hunter’s USAWatchdog.com

Analyst, professional trader and financial writer Rick Ackerman says buckle up because Bitcoin is going to go much higher in price. Elon Musk is the latest in a line of billionaire investors that have bought the crypto currency that is now in the mid $40,000 range per unit. Ackerman says, “Bitcoin is pure speculation, and we are in a phase right now where the big players absolutely know they can’t lose. Just buy it now and announce in four weeks, six week or two months that they bought it, and it just keeps going up. . . . I don’t think there is an upper limit there really because it’s a pure speculation in a vehicle that is not constrained by earnings, multiples, real products or real service. Bitcoin is a complete abstraction. It’s just a speculation. . . . You might say there is a bit of a mismatch to this big dynamic vertical move in Bitcoin that is happening and whatever time remains to distribute it all to the rubes. In order to allocate all the Bitcoin they are acquiring right now to the rubes, they are going to have to have a way to allocate it fractionally. . . . When Bitcoin gets to a million dollars per coin, who are the buyers going to be?”

The rate on the 10-year Treasury spent most of 2020 stuck around .6%. The 10-year Treasury has now doubled, which is a huge percentage gain for a relatively short amount of time. Ackerman sees the trend for interest rates rising, but he warns it’s not going to take much more of a rise in rates for the Fed to lose control. Ackerman predicts, “Everybody knows the Fed is run by a bunch of charlatans, and they are making it up as they go along. They are in control of nothing really except asset inflation, and that’s going out of control too. Where do interest rates have to be before you can say the Fed is losing control? I can give you an exact number for that. The number on a 10-year note is 1.267%. . . . When the 10-year rate goes above that number, we are going to have what I call an ‘impulsive move’ on a daily chart. What that implies is any move down is going to be corrective, pursuant to another move up. . . . Once that happens . . . the Fed is going to be out of control above that number. . . . The dollar is going to strengthen, and the thing that nobody on planet earth wants is a strong dollar. . . . The last thing that anyone who owes dollars needs is a strong dollar.”

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