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Bill’s Commentary:
“This should not be controversial. Any time I opened an overseas account, I always had to show a passport to verify citizenship.”
Is The Trump Admin Planning To Use Banks To Enforce Immigration Laws?
President Trump’s administration is ramping up its assault on illegal immigration by eyeing a bold new tactic: enlisting banks to verify the citizenship of every customer.
This potential executive order would mandate financial institutions to collect proof like passports from both new and existing account holders, effectively cutting off undocumented migrants from the banking system they’ve exploited under open-border policies.
It’s a commonsense step to safeguard American resources, but watch as Democrats and their corporate allies howl in protest – the same crowd that fights tooth and nail against voter ID requirements won’t back this either.
Bill’s Commentary:
“Michael Oliver has been spot on! With a breakdown of the dollar, his numbers may be very conservative? This is the rally you do not sell…”
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Bill’s Commentary:
“Pastor Stanley checks in regarding Executive Orders”
Executive Order Now Lets Bankers Empty Their Private Equity Garbage Into the Retirement Accounts of Everyday Americans-The Problem With Blue Owl
Yesterday, Boaz Weinstein of Saba Capital Management, said the weight of the impact of Blue Owl Capital Inc.’s (OWL) private credit funds illiquidity may be an early indicator of vulnerability and weakness in the significant $1.8T market:
…’“All you need is the snowball to start going down the hill and it started. Blue Owl is right in the middle of that,” Weinstein said at an industry conference in Miami Beach, Florida, Bloomberg reported. “I think we are in the super-early innings of the wheels coming off the car.” (Seeking Alpha 2/24/26)
Weinsteins’ comments come after Blue Owl permanently blocked withdrawals from a $1.6 Billion private credit vehicle and sold $1.4B in loans to pension funds. Blue Owl also sold loans to its own insurance company, feeding new worries about risks concerning liquidity in this part of the ‘alternatives’ market.
Bill’s Commentary:
“So, when you lose control of pricing… pull the plug?”
CME Halts All Metals, NatGas Markets Due To “Technical Issues”
At around 1300ET, the Chicago Mercantile Exchange (CME) halted trading of all metals and NatGas contracts (futures and options) due to ‘technical issues’.
Additionally, all day orders and GTDs with today’s date will be cancelled.
All GTCs that have been acknowledged will remain working.
Since the halt, spot prices for gold have declined…
Bill’s Commentary:
“These people don’t even know they don’t know…”
Watch: Dems DOUBLE DOWN On Refusing To Put AMERICANS FIRST After SOTU Meltdown
Democrats’ disdain for American priorities hit new lows during President Trump’s State of the Union, where many refused to stand for victims of illegal alien crime or even basic protections for citizens. Now, they’re doubling down with excuses that expose their true allegiances.
Building on their poe faced refusals to applaud pretty much any commons sense statement during the speech—as we detailed in our previous coverage—top Democrats are now openly trashing the address as ‘divisive’ while justifying their boycott.
According to reports, roughly half of House and Senate Democrats skipped the event altogether, opting for counter-rallies like this clown show:
Bill’s Commentary:
“A good piece on silver from Chris Marcus”
Silver Breaks Back Over $90 AS Metal Continues To Leave The Comex
The gold and silver prices continued their rally on Wednesday, with the gold futures at one point up another $47 to $5,224, while the silver futures were having a really big day, up $3.76 to $91.27.
Today’s column is coming out a little later than normal, and the prices are a little bit lower as of 7:15 p.m. Eastern, although still in very healthy rebound territory.
Bill’s Commentary:
“From Jeremiah Johnson…”
Bill,
Over the past few days, we’ve had some more than extraordinary events happen in Silver. Thousands of March Call Options expired Deep In The Money with no trading posted (they were exercised into long futures?) on expiration day. The very next day (yesterday) the COMEX OI dropped 8,367 contracts leading me to believe these Calls were covering short positions all the way down to the $65 mark.
Also, yesterday the ICE market in Nat Gas and Precious Metals ironically had another glitch in its service shutting down trading and virtually removing all newly placed orders in these very same markets.
Also, posted was a single purchase on the very last day for Fberuary Silver Deliveries (let’s just call this suspect).
Today the Open Interest in Silver is the lowest I can recall at 119,912 contracts in trade.
This is the lowest count I can recall since the very beginning of writing for Jim Sinclair. (Grok can’t find when it was lower either, data hidden??) It was and still is my belief that Silver’s prices would start moving sharply higher when the OI collapses. Will it go lower? Who knows, but at these prices, someone is making bank by arbitraging metals to Shanghai while keeping prices low here. With Silver as a critical metal for our nation’s security, someone or entity is going to have to explain why they’re doing what their doing right now. At this second Shanghai is $10.38 above Comex or a spread of $51,900 per contract.
Have a nice day
Jeremiah Johnson
None of this is trading advice
Bill and David Morgan discuss metals (Also posted under Interviews)
Bill’s Commentary:
“Man has always turned back toward God during bad times… so bad times are not always bad.”
The latest from Erik –
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Bill’s Commentary:
“It comes to a head soon Wolfgang!”
Bill,
Sign of things to come.
Weak hands can take solace in massively dropping inventories in Shanghai. They nosedived 50% from Jan 1 to today...only 7 weeks.
Wolfgang
https://goldsilver.ai/metal-prices/shanghai-silver-price
Bill’s Commentary:
“Because America sucks?”
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The latest from USA Watchdog –
Bill’s Commentary:
“I can still remember going to New York Yankee games for $6…”
The latest from Erik –
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Bill’s Commentary:
“Please notice the “hook” in the bottom right hand corner being formed by the MACD. A crossover from here is to be expected which flips the short term trend back to bullish. 1st notice day for the March Silver COMEX contract is this Friday. Even if the current inventory does satisfy delivery notices, does the registered category become crippled? I rarely make short term bottom calls (the last time was back in April 2024), but I believe the bottom is in and we are about to witness action in the precious metals never seen before. You are watching the end of exactly 50 years of COMEX metals suppression. Put your seat belts on and cinch them tight, the move is up but the volatility will shift into higher gear(s)!”
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Bill’s Commentary:
“We tried to tell you this many times years ago… only to be laughed at.”
“The Plan Was To Kill Off Gold As Money…”
If you think about it, there is a simple reason that derivatives for speculating or hedging gold is fatally flawed. It is because in nearly every nation’s common law, gold is money, and currencies are inferior credit, which is where payment risk actually lies. That the Western financial establishment is ignorant of this fact does not change the facts.
There is a good reason why this matters. Gold has lasted as legal money, and credit has been separately acknowledged to be deferred payment in money since Roman law. Since then, there have been many instances of governments denying these facts and promoting their currencies in the place of gold, which have always ended in their collapse.
In any price relationship involving a medium of exchange, there is an objective value and a subjective one. The objective value is always in the medium of exchange, and the subjective value is in the goods or services being exchanged. Put another way, the buyer and seller will both value money or its substitute the same, but the buyer values the goods or services more highly than the seller: otherwise, the exchange won’t take place. But if gold is the money, where does that leave a fiat currency?
Bill’s Commentary:
“Interesting and certainly plausible.”
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Bill’s Commentary:
“Keith checks in from the north country with a very correct statement!”
“That the Western financial establishment is ignorant of this fact does not change the facts. Gold derivative markets are drifting towards the rocks of a crisis.”
Are We Seeing The End Of Derivatives In The Gold Market
February 17 (King World News) – Alasdair Macleod: For years, bulls of gold and silver have complained about how derivatives have been used to suppress their prices. Their dreams of the practice ending could be coming true.
If you think about it, there is a simple reason that derivatives for speculating or hedging gold is fatally flawed. It is because in nearly every nation’s common law, gold is money, and currencies are inferior credit, which is where payment risk actually lies. That the Western financial establishment is ignorant of this fact does not change the facts.
There is a good reason why this matters. Gold has lasted as legal money, and credit has been separately acknowledged to be deferred payment in money since Roman law. Since then, there have been many instances of governments denying these facts and promoting their currencies in the place of gold, which have always ended in their collapse.
Bill’s Commentary:
“Very early in the grand scheme!”
Proof That Precious Metals Are Just Getting Started
Since the late January pullback in precious metals, which has led to growing investor pessimism, I have focused on demonstrating that this move is only a temporary setback within a much longer-term secular bull market that is still in its early stages.
For example, on Sunday I published a report stating that the best days are still ahead for gold (and silver by extension) because American investors, who are the wealthiest in the world, have participated in the bull market of the past two years in a lukewarm manner. I believe that will soon change as they enter far more aggressively, however, driving gold to $7,000, $8,000, $10,000, and beyond.
In today’s report, I want to discuss another widespread recent phenomenon that clearly indicates the precious metals bull market remains in its very early stages: ordinary individuals are coming out in droves to sell their physical gold and silver, believing they are receiving top dollar they may never see again.
The latest from USA Watchdog –
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Bill’s Commentary:
“A two year old article that is more true now than when it was written…”
The Fed is already insolvent. Here’s how we think this plays out
On Tuesday, September 15, 1992, the two most powerful financial officials in the British government held an urgent meeting that night to review their plan for when the markets opened the next morning.
The tone of the meeting must have felt frantic… even desperate… because the value of the British pound had been falling for weeks.
Investors and speculators were rapidly losing confidence in the UK government, mostly due to the ridiculous “Exchange Rate Mechanism” (ERM) which essentially pegged most European currencies to the German Deutschemark.
Rational investors viewed the ERM as an almost comical impossibility.
Bill’s recent interview with CapitalCosm (Also posted under Interviews)
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The latest from USA Watchdog –
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The latest from USA Watchdog –
Bill’s Commentary:
“Really?”
Brazil Opens Committee to Combat Climate Racism
The Brazilian government has opened applications for the National Committee to Combat Environmental and Climate Racism, marking a significant step toward placing social inclusion and climate justice at the center of national policy.
Created in the context of COP30, the interministerial committee seeks to broaden participation in climate debates and confront the deepening inequalities intensified by global warming.
Civil society organizations have until March 4 to nominate representatives to join the initiative, which brings together the Ministries of Environment and Climate Change (MMA), Racial Equality (MIR), Indigenous Peoples (MPI), and Agrarian Development and Family Farming (MDA).
Bill’s Commentary:
“Anyone who buys a 100 year bond in a fiat system should have their head examined!”
Why Alphabet’s 100-year sterling bond is raising new fears over debt-fuelled AI arms race
Alphabet’s rare 100-year sterling bond is the latest sign of late-cycle exuberance in credit markets, strategists say, as tech hyperscalers ramp up borrowing to historic levels to fund vast data center and AI infrastructure buildouts.
The century bond — the Google-owner’s debut issuance in sterling — is part of a broader multi-tranche, multi-currency borrowing drive totaling some $20 billion. The offering spans maturities across dollars, euros and sterling, and includes a debut bond in Swiss francs.
Bill’s Commentary:
“I can’t imagine why?”
China’s Central Bank Keeps Buying Gold… And Dumping US Debt
China’s ferocious appetite for gold is influencing the global metals market, and that demand is what will keep driving up metal prices, according to Michael Howell, founder of CrossBorder Capital.
The People’s Bank of China’s gold holdings totaled 74.19 million fine troy ounces by the end of January, up from 74.15 million in the previous month, according to recent central bank data.
Beijing’s value of gold reserves also surged to $369.58 billion, from $319.45 billion in December 2025.
Gold accounts for almost 9 percent of China’s total reserves, the World Gold Council estimates.
Bill’s Commentary:
“This is retarded!”
Half of Gen Z brings parents to job interviews: survey
80% said their parents have communicated with their manager at least once
Over 50% of college-age job seekers had their parents sit with them at an in-person interview, a January survey by Resume Templates found. What’s more, over 35% of surveyed individuals reported parents either writing a cover letter or performing a test assignment for them.
Julia Toothacre, a career coach and chief career strategist at the survey group, said she had never seen parents this involved in their child’s job searches in the past.
Bill’s Commentary:
“The highest level ever. Ever?”
Americans With Higher Incomes Are Starting to Fall Behind on Payments
As more Americans fall behind on their mortgage and credit-card payments, a new report sheds light on how financial stress is spreading beyond the lowest-income borrowers.
While credit-counseling agencies typically help low-income people restructure their debt and avoid bankruptcy, now people who earn higher incomes have been walking through their doors, according to the National Foundation for Credit Counseling.
The average client seeking help from credit-counseling agencies across the country now makes about $70,000 a year, with unsecured debt levels approaching $35,000, or half their annual income, according to the NFCC. Before the pandemic, the typical client enrolled in counseling made about $40,000 a year and carried $10,000 in unsecured debt, or roughly 25% of their annual income.
Bill interviewed with Sarah Westall last week during the forced crash. (Also posted under Interviews)
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