Posted at 10:46 AM (CST) by & filed under General Editorial.

Updated Presentation On Tanzanian Gold Corporation Corporate Activities
October 16, 2019
Dear Friends,
The following link contains an updated presentation on our corporate activities. Please review for the most up to date information on Tanzanian Gold Corporation.
Respectfully submitted,
Jim Sinclair
Executive Chairman
For further information, please contact Michael Martin, Investor Relations,, 860-248-0999, or visit the Company website at
The Toronto Stock Exchange and NYSE MKT LLC have not reviewed and do not accept responsibility for the adequacy or accuracy of his release.
Cautionary Note to U.S. Investors – The United States Securities and Exchange Commission limits disclosure for U.S. reporting purposes to mineral deposits that a company can economically and legally extract or produce. We use certain terms on this news release, such as “reserves”, “resources”, “geologic resources”, “proven”, “probable”, “measured”, “indicated”, or “inferred” which may not be consistent with the reserve definitions established by the SEC. U.S. Investors are urged to consider closely the disclosure in our SEC filings. You can review and obtain copies of these filings from the SEC’s website at
This news release contains certain forward-looking statements and forward-looking information. All statements, other than statements of historical fact, included herein are forward-looking statements and forward-looking information that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate, and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations are disclosed in the Company’s documents filed from time-to-time with the British Columbia, Alberta and Ontario provincial securities regulatory authorities.
Certain information presented in this release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements are based on numerous assumptions, and involve known and unknown risks, uncertainties and other factors, including risks inherent in mineral exploration and development, which may cause the actual results, performance, or achievements of the Company to be materially different from any projected future results, performance, or achievements expressed or implied by such forward-looking statements. Investors are referred to our description of the risk factors affecting the Company, as contained in our SEC filings, including our annual report on Form 20-F and Registration Statement on Form F-10, as amended, for more information concerning these risks, uncertainties, and other factors.

Posted at 10:48 AM (CST) by & filed under Jim's Mailbox.


So I go to CNN’s website and type in Veritas Video, and…guess what I found? NOTHING (about yesterday’s bombshell)! This is the news not reporting the news that they themselves are a part of…Trust Nothing – as Dismal Dave would say…methinks he’s mostly right.


Posted at 8:16 AM (CST) by & filed under In The News.

Bill Holter’s Commentary


Forbes Slammed For Encouraging Women to Vacation Alone in Pakistan
October 14, 2019

Forbes faced ridicule and condemnation after the media outlet encouraged women to travel alone to Pakistan, including to areas where the Taliban is active.

“Pakistan. It’s not exactly on every solo female traveler’s bucket list. But that doesn’t mean that it shouldn’t be,” states the article, which serves as promotional material for Vlogger Eva zu Beck, who made a video asserting that Pakistan “could be the world’s #1 tourism destination.”

The article even notes how Beck headed straight into “Taliban Territory” during the trip, which is obviously a fantastic idea for any female traveling alone.


J. Johnson’s Latest – Silver The Signal!
October 15, 2019

Great and Wonderful Tuesday Morning Folks,   

      Gold is still trading higher but that Silver Signal, the one that everyone is supposed to ignore yet has proven to be factual, is still signaling, with Gold at $1,497.80, up 20 cents after being pushed down from the high at $1,503 to the low at $1,492.70, which happened only a few minutes ago. Silver the signal, is down 5.5 cents with its price at $17.655, up from the low (minutes ago) during London’s churn at $17.590 with the high to beat at $17.765. The US Dollars basket of currencies, is still being supported by those that print with the trade at 98.25 up 8 points and close to the high at 98.28 with the low at 98.005. All this was done before 5am pst, the Comex open, and the London close.   

      Venezuela’s Bolivar now has Gold valued at 14,959.28 showing a loss of 24.97 Bolivar from yesterday’s early morning quote with Silver at 176.329 virtually unchanged from yesterday. In Argentina, the Peso has Gold valued at 86,918.94, losing 163.96 Pesos in the overnight with Silver at 1,024.34 showing a loss of 0.460 in A-Peso value. In Turkey, Gold is now down 98.86 in T-Lira value, after all, a nation warring with its neighbor’s is nothing these days with Golds value now at 8,803.65 T-Lira. Silver under the same craziness is now trading at 103.756 Lira’s, losing 1.005 Lira’s.      

      October Silver Deliveries gained again during yesterday’s semi-holiday with the total demand count now at 339 fully paid for contracts waiting for receipts and with a Volume of 6 up on the board so far today but with zero trading range. We have to assume so much here; is this an entry into, or an exit out of, a spread trade? If these answers are yes, what is the damn price? Silver’s Overall Open Interest gained since yesterday’s early morning count with this morning’s total at 209,719 showing the shorts added 764 more contracts to stay the price or maybe even to push Silver into “the signal”.   


Jim Sinclair’s Commentary

True according to the survey parameters, terribly wrong in terms of what was the matrix for levels determined historically. Therefore, same as above.

U.S. Inflation Expectations Slip to Record Low in Fed Survey
October 15, 2019

A gauge of inflation expectations from the Federal Reserve Bank of New York fell in September to the lowest level in data going back to 2013, the latest sign of weakness that could raise concerns among central bankers already fretting over muted price pressures.

The measure of inflation expectations three years from now slipped to 2.4% last month from 2.5% in August, according to the New York Fed’s monthly survey of consumer expectations published Tuesday.


Jim Sinclair’s Commentary

Fidelity Investments eliminated trading commissions on its online brokerage, matching a step some of its biggest rivals unveiled last week.

This is the end of the occupation known as broker.

Fidelity Is Latest to Cut Online Trading Commissions to Zero
October 10, 2019

Fidelity Investments eliminated trading commissions on its online brokerage, matching a step some of its biggest rivals unveiled last week.

Beginning early Thursday, Fidelity stopped charging individual investors commissions on online trades of U.S. stocks, exchange-traded funds and options trades. For investment advisers, commissions will be cut to zero on Nov. 4. Fidelity’s online brokerage has 21.8 million accounts.


Jim Sinclair’s Commentary

What is more important? Text book or on-the-job? I think on-the-job will become more important.

Elite M.B.A. Programs Report Steep Drop in Applications
October 15, 2019

Applications to some of America’s most elite business schools fell at a steeper rate this year, as universities struggled to attract international students amid changes to immigration policies and political tensions between the U.S. and China.

The declines affected some of the nation’s top-rated programs, with Harvard University, Stanford University and the Massachusetts Institute of Technology, among others, all reporting larger year-over-year drops in business-school applications. Some, such as Dartmouth College’s Tuck School…


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

Bill Holter’s Commentary

Just a thought, they tell us they can create “wealth” from nothing…can they also create clean energy from nothing and leave no trace of a footprint?

Electric Cars Could Be Just Another Ecological Disaster
October 9, 2019

As sea levels rise and climate-change protests grow ever louder around the world, the owners of electric cars may feel they are doing their bit to avert a global-warming crisis. If so, they may be deluding themselves. Electric vehicles currently account for less than 0.5% of the world’s cars. That will change soon. Many countries, including France, Canada, the UK and Norway, have set target dates for ending the sale of gasoline or diesel vehicles between 2025 and 2040, and major car manufacturers are racing to dominate this new and lucrative market.

Around the world, consumers have so far been reluctant to embrace electric cars, but a tipping point will come when there are sufficient charging points and drivers realize that a car that runs on fossil fuel has no resale value. And when that happens, whether the electric car is going to save us or destroy us will depend on what type of power we use to charge its batteries.

When the UK announced in 2017 that the sale of new gasoline and diesel vehicles would be banned from 2040, there was a sharp intake of breath from the national grid. With 9 million vehicles being charged daily, the current maximum peak-time demand for electricity could increase by as much as 50%, which is beyond current capacity. As this scenario will be replayed wherever millions of electric cars are plugged in, the most pressing question will be: Where will we get the electricity to charge them?


Bill Holter’s Commentary

No kidding? But this is a central bank saying it…

Central Bank Issues Stunning Warning: “If The Entire System Collapses, Gold Will Be Needed To Start Over”
October 14, 2019

It’s not just “tinfoil blogs” who (for the past 11 years) have been warning that a monetary reset is inevitable and the only viable fallback option once trust and faith in fiat is lost, is a gold standard (something which even Mark Carney hinted at recently): central banks are joining the doom parade now too.

An article published by the De Nederlandsche Bank (DNB), or Dutch Central Bank, has shocked many with its claim that “if the system collapses, the gold stock can serve as a basis to build it up again. Gold bolsters confidence in the stability of the central bank’s balance sheet and creates a sense of security.”


J. Johnson’s Latest – Ag – The Stress Is Still Here!
October 14, 2019

Great and Wonderful Monday Morning Folks,    

      Gold got some strength over the weekend with the trade at $1,500.30, up $11.60, just above the Algo made Maginot line, with the high close by at $1,501.50 and the low at $1,481.30. Silver is the Tag A Long Kid again with its trade up 11.1 cents at $17.655 with its “close by high” at $17.670 with the low at $17.455. The US Dollar is being supported as well, keeping up with that “Dollar supports Gold therefore Gold supports the Dollar” idea with its trade at 98.195, up 19 points with the close by high at 98.25 and the low to beat at 98.040. All this was done while everyone else but us traded, before 5 am pst, the Comex open, and the London close.   

      Over in the lands of heavily printed currencies we have the Venezuelan Bolivar, proving what will happen in the primaries once the algos break with Gold trading at 14,984.25 Bolivar, showing us a slight increase of 142.82 in Bolivar value with Silver at 176.329 Bolivar, gaining 2.147. In Argentina, the Peso now has Gold valued at 87,082.90 showing us a gain of 1,022.01 in A-Peso profit with Silver now at 1,024.80 Pesos showing a 14.90 Peso gain. Over in Turkey, Gold is now priced at 8,902.51 proving a gain of 201.12 in T-Lira value with Silver now at 104.761 gaining back 2.655 T-Lira, recovering almost all of Friday’s beatings. Not even a war can get the algos to break the controls set in precious metals, one day this too will matter.     

      The October Silver Delivery Count shows a 1 order gain during Friday’s trades giving us a total of 338 fully paid for contracts waiting for receipts and with a trading Volume of 2 up on the board so far this morning with a trading range between $17.54 and $17.525 with the high the last price traded. Silver’s Overall Open Interest continues to contract with the trade’s count losing 1,254 Overnighters since Friday mornings tally with the total now at 208,955 Obligations. All that’s needed now, is a continual drop in Ag’s overall Open Interest, as the Options play remains, then things could get really interesting.     


Bill Holter’s Commentary

Journalism is dead…They have called us conspiracy theorists even though much of what we have spoken of has in fact been proven correct and factual.  I think the term used to describe journalists should be “conspiracists” because they create news to support their handlers agendas.  What kind of world do they think they are leaving their children?

Ummm…IS THIS REAL?! ABC News Appears To Have Used Gun Range Footage From 2017 Claiming It’s Current Combat In Syria
October 14, 2019

OK, so we’re not 100% sure this is actually real but wow…it certainly looks like the same footage. But as with all things Twitter, we are sharing with a grain of salt.

Maybe two grains of salt.


It certainly looks like the same footage…and then there’s the alleged source of the alleged video.


Bill Holter’s Commentary

Yes…and if pigs had wings they could fly?

Awkward! Chelsea Clinton Emphatically States A Person With A Beard And A Penis Can ‘Absolutely’ Identify As A Woman, While Mom Hillary Shuffles And Looks Conflicted As She Blames ‘Generational’ Differences For Not Being As Open To Trans Rights
October 13, 2019

It may appear Hillary and Chelsea Clinton always see eye-to-eye, but in a recent interview one topic cracked the facade of the like-minded mother-daughter power duo. 

The one issue Hillary and Chelsea don’t appear to agree on entirely is transgender self-identification.

In an interview with The Sunday Times, journalist Decca Aitkenhead asked the Clintons if someone with a beard and a penis can ever be a woman, to which Chelsea replied emphatically, ‘Yes.’

However, as Aitkenhead describes it, Hillary looked ‘uneasy’, and blamed generational gaps for being less accepting.

‘Errr. I’m just learning about this,’ Hillary responded. ‘It’s a very big generational discussion, because this is not something I grew up with or ever saw. It’s going to take a lot more time and effort to understand what it means to be defining yourself differently.’


Posted at 10:01 AM (CST) by & filed under Jim's Mailbox.


I Love Judicial Watch!


Trump Rids Major U.S. Container Port of Chinese Communist Control
October 8, 2019

Under a long-term deal sealed by the Obama administration, a Chinese Communist company was set to control the second-busiest container port in the United States. In an unreported Trump administration victory, the Communists are out after a drawn-out national security review forced a unit of China-based COSCO Shipping Holdings Co. (Orient Overseas Container Line—OOCL) to sell the cherished container terminal business, which handles among the largest freight of imports into the U.S.

It all started with a 40-year container terminal lease between the Port of Long Beach in southern California and Hong Kong. The Obama administration proudly signed the agreement in 2012 giving China control of America’s second-largest container port behind the nearby Port of Los Angeles. One of the Trump administration’s first big moves was to get the Communists out of the Port of Long Beach. After a national security review and federal intervention, the Long Beach terminal business, which handles millions of containers annually, is finally being sold to an Australian company called Macquarie Infrastructure Partners. That essentially kills China’s decades-long contract with the Obama administration.

The deal never should have been signed in the first place considering the facility’s size, significance and the national security issues associated with a hostile foreign government controlling it. The southern California port is the premier U.S. gateway for trans-Pacific trade, according to its website, and handles trade valued at more than $194 billion annually. It is one of the few ports that can accommodate the world’s largest vessels and serves 140 shipping lines with connections to 217 seaports around the world. The facility encompasses 3,200 acres with 31 miles of waterfront, 10 piers, 62 berths and 68 post-Panamax gantry cranes. In 2018, the Long Beach port handled more than 8 million container units, achieving the busiest year in its history.


Posted at 9:53 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

But whatever you do, don’t call it “QE”…because that denotes monetization?

Fed Looked to Advance Discussion of Reserves Amid Repo Turmoil
October 9, 2019

Federal Reserve policy makers, jolted by last month’s disturbances in short-term funding markets, talked at their most recent meeting about the appropriate level of bank reserves the system needs, paving the way for the likely balance-sheet expansion that Chairman Jerome Powell flagged on Tuesday.

The minutes from the Federal Open Market Committee’s Sept. 17-18 gathering showed that participants noted the possibility of resuming trend growth of the balance sheet to help stabilize reserves. Policy makers also suggested that the committee should consider the merits of introducing a standing repurchase agreement facility — a new tool to control short-term rates.


Bill Holter’s Commentary

So what do you believe? Market based numbers or the BLS propaganda?

Global Air Freight Decline Now Worst Since 2008 Financial Crisis
October 12, 2019

The escalating trade war between the US and China has accelerated the synchronized global downturn. Global exports continue to collapse, and the global Purchasing Managers Index (PMI) remains under 50, stuck in contraction territory. All of these ominous signals indicate a global trade recession could be imminent in 2020.

New data from the International Air Transport Association (IATA) shows global air freight volumes, measured in freight tonne kilometers (FTKs), plunged 3.9% in August YoY, and this was the tenth consecutive month of contraction and the most extended decline since the 2008 financial crisis.

Global trade volumes are quickly slowing, down over 1% from a year ago.

Trade across the world could be at a standstill by 2H20. Air cargo volumes have been hit with tremendous macroeconomic headwinds from a global slowdown that started in late 2017. An intensifying trade war between the US and China has undoubtedly accelerated the global downturn, damaging emerging markets that are highly exposed to exports, like Europe, India, and many countries in Asia.


Bill Holter’s Commentary

This is true for the entire system from top to bottom!

Beware of Funny Financials
October 11, 2019

(Bloomberg Opinion) — However frothy valuations currently seem to be, optimists can always argue they’re justified by strong earnings. In the past four years, S&P 500 operating earnings per share have grown by nearly 40%.

Those numbers, however, may be as airy as the asset prices they support. The U.S. government’s national income and product accounts — which cover a broader number of businesses than the S&P, use tax returns and adjust for certain accounting practices — suggest that corporate profits actually peaked in 2014 and have been stagnant since. The national accounts also show significant downward revisions to corporate profit margins over the previous five years. While one would expect some discrepancies between that data and S&P numbers, which are based on Generally Accepted Accounting Principles (GAAP), the gulf is too wide to be ignored.

What’s going on? In many cases, accounting choices appear to be distorting results. In early 2019, General Electric Co. reported GAAP losses of $2.43 per share; under adjusted figures it earned $0.65 per share. Tesla Inc. reported full-year GAAP losses of $5.72 per share but “non-GAAP” losses were only $1.33 per share. Over 95% of S&P 500 companies regularly use at least one non-GAAP measure, up about 50% over the last 20 years.

One question is how companies choose to recognize income. In the case of long-term, multi-year contracts, such as construction projects, reported revenue can be based on a formula: a portion of the total contract amount, calculated as costs incurred in the relevant period as a percentage of total forecast costs. Understating estimated final costs allows margins to be increased and greater revenue to be recognized up front.

Following the collapse of Carillion PLC, the firm was found to be aggressive in recording income which was sensitive to small changes in assumptions. Given the trend to converting sales of products (such as software) into long-term service contracts, these risks are only going to grow.


Bill Holter’s Commentary

This should prove to be some good stuff!  Keep in mind, this whistleblower will have recorded voices/images as opposed to third hand hearsay.  The left while trying to protect an “anonymous” whistleblower, will somehow find fault and call for this person’s head!

“The CNN Tapes Are Coming”: Project Veritas Teases A Coming “CNN Whistleblower”
October 12, 2019

Having exposed the disturbing realities inside Facebook, Google, The New York Times, and The State Department; Project Veritas’ James O’Keefe just hinted at what could be his biggest exposé yet…

Teasing what appears to be a real whistleblower – and remember, these individuals should be protected, according to Schiff et al. – O’Keefe just told an audience in Washington DC that “our next Project Veritas #BeBrave insider is from within CNN.”









Teasing what appears to be a real whistleblower – and remember, these individuals should be protected, according to Schiff et al. – O’Keefe just told an audience in Washington DC that “our next Project Veritas #BeBrave insider is from within CNN.”


Posted at 9:37 AM (CST) by & filed under In The News.

J. Johnson’s Latest – All This Daily Activity Is Simply A “Show Of Distractions”
October 11, 2019

Great and Wonderful Friday Morning Folks,   

      Gold is still being hammered during London’s trading period; we think it’s to keep everyone’s mind off all the printing that’s going on that’s collapsing the value of the US Dollar (more to come later). Gold is now trading at $1,486.00, down $15 and right by the low at $1,485.30 with the far away high at $1,508.00. Silver is being brought to bear as well with its trade at $17.44, down 16.2 cents and right by its London low of $17.42 with the high at $17.785. Now we look at the US Dollar’s value with the trade at 98.015, down 39.6 points and recovering from a low of 97.92 with the high at 98.450. Of course, all this happened before 5 am pst, the Comex open, and the London close.   

      In Venezuela, Gold is now valued at 14,841.43 Bolivar proving a loss of 272.65 Bolivar with Silver at 174.182 dropping 3.546 in Bolivar value. Argentina’s Peso now has Gold valued at 86,060.89 showing a 1,316.55 A-Peso drop in value with Silver continuing lower at 1,009.90 reducing the money of the people’s value some 17.66 Pesos. Over in Turkey, where the problems are many, Gold’s trade under the Lira is now at 8,701.39 Lira taking out more than double yesterday’s gains proving a loss of 215.12 in value with Silver now at 102.106 T-Lira, showing a reduction of 2.743 Lira overnight.    

      October Silver Deliveries now show a demand count of 337 fully paid for contracts waiting for receipts and for some reason not getting them filled showing a reduction of 2 from yesterday’s tally and with a Volume of 2 up on the board yesterday. So, once again, is this part of a spread exit or where there 2 more purchases and 4 receipts getting delivered? As of this morning, we have another 2 lot on the Volume side of the ledger and with a trading range between $17.595 and $17.40 with the last price being the low so far.    


Posted at 9:28 AM (CST) by & filed under Jim's Mailbox.

From our good friend Robert, I respect him and his opinion immensely!


Italy today launched new debt in US dollars instead of Euro hoping to attract dollar investors as the Euro market continues to show signs of stress. They issued USD2.5bn 5yr, USD2bn 10yr, USD2.5bn 30yr

We are in the end game now as the the EU and the Euro to have Euro members begin issuing debt in US dollars. This is going to create further tensions between the Fed and ECB moving forward. The REPO market is still in crisis and the fears are evident in Europe behind the curtain continue. This all puts the FED and the ECB on a collision course.

It why I have for months been saying the only currency for trade Finance or mezzanine debt or equity is in USD as it is the only practical debt settlement. Even Bitcoin settlement in USD is preferred over Euro and this was not the case 6 months ago. This begs the question of why people are going there as there is a scarcity of dollars.

Today’s  event is not a canary in a coal mine but a eruption of a volcano, particularly as more countries start to turn to USD financing.