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 –
BillHolter.com 
Thank you pamelamoves@gmail.com
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