Good and Wonderful Thursday Morning Folks,

Gold reversed during yesterday’s trade and the rally continues, at least during the early morning session, sometime way before 5 am pst, with Gold at $1,294.10, up $2.10 after reaching a high at $1,298 as the price sits close to the low at $1,292.30. Silver is following with its trade at $15.75, up 1.5 cents after reaching as high as $15.83 before London came in with the low at $15.74. All eyes should be on the US Dollar after yesterday’s heavy downward move (a 69.8 point drop) with the trade now at 94.89, up 10 points from the Comex close with the low down at 94.635 and the high at 94.98. Venezuela now has Gold priced at 12,924.82 Bolivar, gaining a whopping 125.84 overnight as the US currency reversal sent waves thru ought all mediums of exchange with Silver now at 157.303, gaining 1.049 Bolivar overnight. One day, these moves will be under the US Dollar!

January deliveries in Silver now show a demand for physical at 718 contracts waiting for receipts, losing 18 obligations to either the EFP’s going to London or to physicals during yesterday’s trade with zero volume on the board so far today. As if yesterday’s turn wasn't enough, the Overall Open Interest in Silver gained another 2,220 obligations that had to be applied in order to keep Silver from going Venezuela with the count totaling 188,766 overnighters keeping the rally to only 2.2 cents under the dollars count, which means 1,100 contracts were needed per penny.

The Federal Government shutdown continues after Trump walked out of the Pelosi/Schumer comedy show calling the meeting a total waste of time. Social Media has not been kind to these elected obstructionists as many Americans are doing what the President had suggested the night before by telling all Americans to call into their representatives to let them know they want a wall to protect their loved ones, that is, the entire “legal” American population. P&S get today’s pictorial post, so be kind them please, they've had a very rough 2 years already. What’s really more disconcerting is this meeting was not televised. Why can’t we see and hear this instead of being told about it instead? An Open Society demands audio and video of its leaders 100% of the time No More Closed Doors!!

Teresa May is losing her grip over the British government “as 20 Tory rebels helped pass an amendment to a finance bill that effectively eliminated the possibility of a 'no deal' Brexit. Parliament has taken another step toward wresting power over the Brexit process away from May and her government by passing another amendment that would require May to call another vote on her unpopular Brexit plan should it be defeated during a planned 'meaningful vote' next week.” Don’t you love how the media defines those that demand support for the nation’s people being called “rebels”? We call them “Patriots” and the other party called us “Deplorable and Despicable” which really didn't work the way someone thought it would/should.

In other European news we see “Salvini goes to Poland” as the Italian Deputy Prime Minister attempts to gain support from/for the nations that don’t have the pull of the purse strings the more productive nations do. We still see a complete breakup of the union as the populations everywhere carry on their disagreements with their elected officials who are not supporting their own, like France and it’s European Poodle.

In banking news we see a jump in their appearances and words as Britain’s Bank of England claims China's Renminbi Will Rival The Dollar As the Global Reserve Currency. I guess this has to be called a reminder, we've all been talking about this over the past 5 years now with BRICS and alternative currencies systems already in place. The Swiss, seem to be suffering under the weight of its currency suppression values against the Dollar and may have to liquidate more of its assets, or simply give up this folly and allow the float instead of fighting it. Automation systems are taking a toll on the people in banking as New State Street CEO Fires 15% Of Senior Management As Shares Slump. Robotics, automation, blockchaining, and cryptos, are changing the face finance and are increasing the speed and accuracies of all transactions, but without banker people. Automation has always the great concern but we never really look at it thru history. We don’t miss the horse and buggy, or telephone operators, yet progress removed their careers, so why not the banks or even government systems? The only thing inevitable is change, and that is the only constant in life.

Then we have Deutsche Bank’s little issue as the Prosecutors Seized a Massive Client List During the 'Panama Papers' Raid. So far, 900 DB clients are claimed to be involved, “the seizure contains “.. the “names of individuals and entities mostly located outside Germany, while the raid was focused on the role of a former Deutsche Bank wealth management entity located in the British Virgin Islands.” We’re very curious who is on this list? Are there foundations, foreign dignitaries, royals, and elected officials involved? Probably!

We hold out precious metals in hand, because we see more and more disruptions still festering at the population level and with the banking system. What other reasons are necessary? Things are coming undone still. A quick note, I won’t be posting tomorrow as I have a little surgery due, we’ll see you on Monday. So keep your precious metals close, have a positive attitude no matter what, and as always …

Stay Strong!

J. Johnson