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Bill’s Commentary:
“This is exactly what Jim talked about for years. When the big Kahuna comes, the “shorts” would already be LONG!”
The latest from USA Watchdog –
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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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