GOLD: $1284.35 DOWN $8.45 (COMEX TO COMEX CLOSINGS)
Silver: $15.71 DOWN 3 CENTS (COMEX TO COMEX CLOSING)
Closing access prices:
Gold : 1285.20
silver: $15.71
TODAY THEY RELEASED THE JOBS REPORT. NOT ONLY ARE THEY USING A PHONY BIRTH DEATH MODEL TO CREATE JOBS OUT OF THIN AIR, THEY HAVE A NEW MODEL USING “BUSINESS INTERESTS” OR CONSULTANTS..A TOTALLY MADE UP NUMBER.
THE REPORT IS A TOTAL JOKE!
For comex gold and silver:
JANUARY
NUMBER OF NOTICES FILED TODAY FOR JAN CONTRACT: 29 NOTICE(S) FOR 2900 OZ (0.0902 tonnes)
TOTAL NUMBER OF NOTICES FILED SO FAR: 94 NOTICES FOR 9400 OZ (.2923 TONNES)
SILVER
FOR JANUARY
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
24 NOTICE(S) FILED TODAY FOR 120,000 OZ/
total number of notices filed so far this month: 180 for 900,000
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
Bitcoin: OPENING MORNING TRADE $3758: DOWN 13
Bitcoin: FINAL EVENING TRADE: $3748 down 18
end
XXXX
JPMorgan or Goldman Sachs are taking a huge issuance (stopping) of gold at the comex.
today 8/94
EXCHANGE: COMEX
CONTRACT: JANUARY 2019 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,291.800000000 USD
INTENT DATE: 01/03/2019 DELIVERY DATE: 01/07/2019
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
624 C MERRILL 7
657 C MORGAN STANLEY 3
657 H MORGAN STANLEY 7
661 C JP MORGAN 8
737 C ADVANTAGE 3
800 C RCG 1
800 H RCG 29
____________________________________________________________________________________________
TOTAL: 29 29
MONTH TO DATE: 94
Let us have a look at the data for today
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In silver, the total OPEN INTEREST FELL BY AN CONSIDERABLE SIZED 3250 CONTRACTS FROM 181,253 DOWN TO 178,003 DESPITE YESTERDAY’S GOOD 22 CENT GAIN IN SILVER PRICING AT THE COMEX. TODAY WE ARRIVED SLIGHTLY CLOSER TO AUGUST’S RECORD SETTING OPEN INTEREST OF 244,196 CONTRACTS.
WE HAVE ALSO WITNESSED A LARGE AMOUNT OF PHYSICAL METAL STAND FOR COMEX DELIVERY AS WE NOW HAVE JUST LESS THAN 22 MILLION OZ STANDING IN DECEMBER. AS WELL WE ARE WITNESSING CONSIDERABLE LONGS PACKING THEIR BAGS AND MIGRATING OVER TO LONDON IN GREATER NUMBERS IN THE FORM OF EFP’S. WE WERE NOTIFIED THAT WE HAD A HUGELY STRONG SIZED NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP:
3306 EFP’S FOR MARCH, 0 FOR APRIL AND ZERO FOR ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE: OF 3306 CONTRACTS. WITH THE TRANSFER OF 3306 CONTRACTS, WHAT THE CME IS STATING IS THAT THERE IS NO SILVER (OR GOLD) TO BE DELIVERED UPON AT THE COMEX AS THEY MUST EXPORT THEIR OBLIGATION TO LONDON. ALSO KEEP IN MIND THAT THERE CAN BE A DELAY OF 24-48 HRS IN THE ISSUING OF EFP’S. THE 3306 EFP CONTRACTS TRANSLATES INTO 16.530 MILLION OZ ACCOMPANYING:
1.THE 22 CENT GAIN IN SILVER PRICE AT THE COMEX AND
2. THE STRONG AMOUNT OF SILVER OUNCES WHICH STOOD FOR DELIVERY IN THE LAST SIX MONTHS:
JUNE/2018. (5.420 MILLION OZ);
FOR JULY: 30.370 MILLION OZ
FOR AUG., 6.065 MILLION OZ
FOR SEPT. 39.505 MILLION OZ S
FOR OCT.2.525 MILLION OZ.
FOR NOV: A HUGE 7.440 MILLION OZ STANDING FOR NOVEMBER AND
21.925 MILLION OZ FINALLY STAND FOR DECEMBER.
AND NOW: INITIALLY 4.965 MILLION OZ STAND IN JANUARY.
ACCUMULATION FOR EFP’S/SILVER/J.P.MORGAN’S HOUSE OF BRIBES, / STARTING FROM FIRST DAY NOTICE/FOR MONTH OF JANUARY: 8775 CONTRACTS (FOR 3 TRADING DAYS TOTAL 8775 CONTRACTS) OR 43.875 MILLION OZ: (AVERAGE PER DAY: 2925 CONTRACTS OR 14.625 MILLION OZ/DAY)
TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER: SO FAR THIS MONTH OF JAN: 43.875 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 6.27% OF ANNUAL GLOBAL PRODUCTION (EX CHINA EX RUSSIA)* JUNE’S 345.43 MILLION OZ IS THE SECOND HIGHEST RECORDED ISSUANCE OF EFP’S AND IT FOLLOWED THE RECORD SET IN APRIL 2018 OF 385.75 MILLION OZ.
ACCUMULATION IN YEAR 2019 TO DATE SILVER EFP’S: 43.875 MILLION OZ.
RESULT: WE HAD A CONSIDERABLE SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 3250 DESPITE THE STRONG 22 CENT GAIN IN SILVER PRICING AT THE COMEX //MONDAY..THE CME NOTIFIED US THAT WE HAD A HUGE SIZED EFP ISSUANCE OF 3306 CONTRACTS WHICH EXITED OUT OF THE SILVER COMEX AND TRANSFERRED THEIR OI TO LONDON AS FORWARDS. SPECULATORS CONTINUED THEIR INTEREST IN ATTACKING THE SILVER COMEX FOR PHYSICAL SILVER (SEE COMEX DATA) .
TODAY WE GAINED A TINY SIZED: 56 TOTAL OI CONTRACTS ON THE TWO EXCHANGES:
i.e 3306 OPEN INTEREST CONTRACTS HEADED FOR LONDON (EFP’s) TOGETHER WITH DECREASE OF 3250 OI COMEX CONTRACTS. AND ALL OF THIS DEMAND HAPPENED WITH A 22 CENT GAIN IN PRICE OF SILVER AND A CLOSING PRICE OF $15.74 WITH RESPECT TO YESTERDAY’S TRADING. YET WE HAD A GIGANTIC AMOUNT OF SILVER STANDING AT THE COMEX FOR DELIVERY
In ounces AT THE COMEX, the OI is still represented by JUST UNDER 1 BILLION oz i.e. .881 BILLION OZ TO BE EXACT or 126% of annual global silver production (ex Russia & ex China).
FOR THE NEW FRONT JANUARY MONTH/ THEY FILED AT THE COMEX: 24 NOTICE(S) FOR 120,000 OZ OF SILVER
IN SILVER,PRIOR TO TODAY, WE SET THE NEW COMEX RECORD OF OPEN INTEREST AT 243,411 CONTRACTS ON APRIL 9.2018. AND AGAIN THIS HAS BEEN SET WITH A LOW PRICE OF $16.51.
AND NOW WE RECORD FOR POSTERITY ANOTHER ALL TIME RECORD OPEN INTEREST AT THE COMEX OF 244,196 CONTRACTS ON AUGUST 22/2018 AND AGAIN WHEN THIS RECORD WAS SET, THE PRICE OF SILVER WAS $14.78 AND LOWER IN PRICE THAN PREVIOUS RECORDS.
ON THE DEMAND SIDE WE HAVE THE FOLLOWING:
- HUGE AMOUNTS OF SILVER STANDING FOR DELIVERY (MARCH/2018: 27 MILLION OZ , APRIL/2018 : 2.485 MILLION OZ MAY: 36.285 MILLION OZ ; JUNE/2018 (5.420 MILLION OZ) , JULY 2018 FINAL AMOUNT STANDING: 30.370 MILLION OZ ) FOR AUGUST 6.065 MILLION OZ. , SEPT: A HUGE 39.505 MILLION OZ./ OCTOBER: 2,520,000 oz NOV AT 7.440 MILLION OZ./ DEC. AT 21.925 MILLION OZ AND NOW JANUARY AT 4.965 MILLION OZ.
- HUGE RECORD OPEN INTEREST IN SILVER 243,411 CONTRACTS (OR 1.217 BILLION OZ/ SET APRIL 9/2018) AND NOW AUGUST 22/2018: 244,196 CONTRACTS, WITH A SILVER PRICE OF $14.78.
- HUGE ANNUAL EFP’S ISSUANCE EQUAL TO 2.9 BILLION OZ OR 400% OF SILVER ANNUAL PRODUCTION/2017
- RECORD SETTING EFP ISSUANCE FOR ANY MONTH IN SILVER; APRIL/2018/ 385.75 MILLION OZ/ AND THE SECOND HIGHEST RECORDED EFP ISSUANCE JUNE 2018 345.43 MILLION OZ
AND YET, WITH THE EXTREMELY HIGH EFP ISSUANCE, WE HAVE A CONTINUAL LOW PRICE OF SILVER DESPITE THE ABOVE HUGE DEMAND. TO ME THE ONLY ANSWER IS THAT WE HAVE SOVEREIGN (CHINA) WHO IS ENDEAVOURING TO GOBBLE UP ALL AVAILABLE PHYSICAL SILVER NO MATTER WHERE, EXACTLY WHAT J.P.MORGAN IS DOING. AND IT IS MY BELIEF THAT J.P.MORGAN IS HOLDING ITS SILVER FOR ITS BENEFICIAL OWNER..THE USA GOVERNMENT WHO IN TURN IS HOLDING THAT SILVER FOR CHINA.(FOR A SILVER LOAN REPAYMENT).
IN GOLD, THE OPEN INTEREST ROSE BY A GOOD 4632 CONTRACTS UP TO 457,208 WITH THE STRONG GAIN IN THE COMEX GOLD PRICE/(A RISE IN PRICE OF $10.65//YESTERDAY’S TRADING)
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A HUGE SIZED 12,530 CONTRACTS:
FEBRUARY HAD AN ISSUANCE OF 12,530 CONTACTS AND ALL OTHER MONTHS ZERO. The NEW COMEX OI for the gold complex rests at 457,208. ALSO REMEMBER THAT THERE WILL BE A DELAY IN THE ISSUANCE OF EFP’S. THE BANKERS REMOVE LONG POSITIONS OF COMEX GOLD IMMEDIATELY. THEN THEY ORCHESTRATE THEIR PRIVATE EFP DEAL WITH THE LONGS AND THAT COULD TAKE AN ADDITIONAL, 48 HRS SO WE GENERALLY DO NOT GET A MATCH WITH RESPECT TO DEPARTING COMEX LONGS AND NEW EFP LONG TRANSFERS. . EVEN THOUGH THE BANKERS ISSUED THESE MONSTROUS EFPS, THE OBLIGATION STILL RESTS WITH THE BANKERS TO SUPPLY METAL BUT IT TRANSFERS THE RISK TO A LONDON BANKER OBLIGATION AND NOT A NEW YORK COMEX OBLIGATION. LONGS RECEIVE A FIAT BONUS TOGETHER WITH A LONG LONDON FORWARD. THUS, BY THESE ACTIONS, THE BANKERS AT THE COMEX HAVE JUST STATED THAT THEY HAVE NO APPRECIABLE METAL!! THIS IS A MASSIVE FRAUD: THEY CANNOT SUPPLY ANY METAL TO OUR COMEX LONGS BUT THEY ARE QUITE WILLING TO SUPPLY MASSIVE NON BACKED GOLD (AND SILVER) PAPER KNOWING THAT THEY HAVE NO METAL TO SATISFY OUR LONGS. LONDON IS NOW SEVERELY BACKWARD IN BOTH GOLD AND SILVER AND WE ARE WITNESSING DELAYS IN ACTUAL DELIVERIES.
IN ESSENCE WE HAVE AN HUGE SIZED GAIN IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 17,162 CONTRACTS: 4,632 OI CONTRACTS INCREASED AT THE COMEX AND 12,530 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN: 17,162 CONTRACTS OR 1,716,200 OZ = 53.38 TONNES. AND ALL OF THIS VERY HUGE DEMAND OCCURRED WITH A STRONG GAIN IN THE PRICE OF GOLD/ YESTERDAY TO THE TUNE OF $10.65
YESTERDAY, WE HAD 10297 EFP’S ISSUED.
ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF JANUARY : 25,326 CONTRACTS OR 2,532,600 OZ OR 78.77 TONNES (3 TRADING DAYS AND THUS AVERAGING: 8442 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE HUGE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 3 TRADING DAYS IN TONNES: 78.77 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2017, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 2555 TONNES
THUS EFP TRANSFERS REPRESENTS 78.77/2550 x 100% TONNES = 3.09% OF GLOBAL ANNUAL PRODUCTION SO FAR IN DECEMBER ALONE.***
ACCUMULATION OF GOLD EFP’S YEAR 2019 TO DATE: 78.77 TONNES
WHAT IS ALARMING TO ME, ACCORDING TO OUR LONDON EXPERT ANDREW MAGUIRE IS THAT THESE EFP’S ARE BEING TRANSFERRED TO WHAT ARE CALLED SERIAL FORWARD CONTRACT OBLIGATIONS AND THESE CONTRACTS ARE LESS THAN 14 DAYS. ANYTHING GREATER THAN 14 DAYS, THESE MUST BE RECORDED AND SENT TO THE COMPTROLLER, GREAT BRITAIN TO MONITOR RISK TO THE BANKING SYSTEM. IF THIS IS INDEED TRUE, THEN THIS IS A MASSIVE CONSPIRACY TO DEFRAUD AS WE NOW WITNESS A MONSTROUS TOTAL EFP’S ISSUANCE AS IT HEADS INTO THE STRATOSPHERE.
Result: A GOOD SIZED INCREASE IN OI AT THE COMEX OF 4632 WITH THE GAIN IN PRICING ($10.65) THAT GOLD UNDERTOOK YESTERDAY) //.WE ALSO HAD A VERY HUGE SIZED NUMBER OF COMEX LONG TRANSFERRING TO LONDON THROUGH THE EFP ROUTE: 12,530 CONTRACTS AS THESE HAVE ALREADY BEEN NEGOTIATED AND CONFIRMED. THERE OBVIOUSLY DOES NOT SEEM TO BE MUCH PHYSICAL GOLD AT THE COMEX. I GUESS IT EXPLAINS THE HUGE ISSUANCE OF EFP’S…THERE IS HARDLY ANY GOLD PRESENT AT THE GOLD COMEX FOR DELIVERY PURPOSES. IF YOU TAKE INTO ACCOUNT THE 12,530 EFP CONTRACTS ISSUED, WE HAD A HUMONGOUS GAIN OF 17,162 CONTRACTS IN TOTAL OPEN INTEREST ON THE TWO EXCHANGES:
12,530 CONTRACTS MOVE TO LONDON AND 4632 CONTRACTS INCREASED AT THE COMEX. (in tonnes, the GAIN in total oi equates to 53.38 TONNES). ..AND ALL OF THIS HUGE DEMAND OCCURRED WITH THE GAIN OF $10.65 IN YESTERDAY’S TRADING AT THE COMEX
we had: 29 notice(s) filed upon for 2900 oz of gold at the comex.
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
With respect to our two criminal funds, the GLD and the SLV:
GLD...
WITH GOLD DOWN $8.45 TODAY
NO CHANGE IN GOLD INVENTORY AT THE GLD
/GLD INVENTORY 795.31 TONNES
Inventory rests tonight: 795.31 tonnes.
TO ALL INVESTORS THINKING OF BUYING GOLD THROUGH THE GLD ROUTE: YOU ARE MAKING A TERRIBLE MISTAKE AS THE CROOKS ARE USING WHATEVER GOLD COMES IN TO ATTACK BY SELLING THAT GOLD. IT SURE SEEMS TO ME THAT THE GOLD OBLIGATIONS AT THE GLD EXCEED THEIR INVENTORY
SLV/
WITH SILVER DOWN 3 CENTS TODAY:
NO CHANGES IN SILVER INVENTORY/
/INVENTORY RESTS AT 317.105 MILLION OZ.
end
First, here is an outline of what will be discussed tonight:
1. Today, we had the open interest in SILVER FELL BY A CONSIDERABLE SIZED 3250 CONTRACTS from 181,253 DOWN TO 178,003 AND MOVING CLOSER TO THE NEW COMEX RECORD SET LAST IN AUG.2018 AT 244,196 WITH A SILVER PRICE OF $14.78/(AUGUST 22/2018)..THE PREVIOUS RECORD WAS SET ON APRIL 9/2018 AT 243,411 OPEN INTEREST CONTRACTS WITH THE SILVER PRICE AT THAT DAY: $16.53). AND PREVIOUS TO THAT, THE RECORD WAS ESTABLISHED AT: 234,787 CONTRACTS, SET ON APRIL 21.2017 OVER 1 1/3 YEARS AGO. THE PRICE OF SILVER ON THAT DAY: $17.89. AS YOU CAN SEE, WE HAVE RECORD HIGH OPEN INTERESTS IN SILVER ACCOMPANIED BY A CONTINUAL LOWER PRICE WHEN THAT RECORD WAS SET…..
.
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
3306 CONTRACTS FOR MARCH. 0 CONTRACTS FOR APRIL AND AND ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 3306 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. IF WE TAKE THE OI LOSS AT THE COMEX OF 3250 CONTRACTS TO THE 3306 OI TRANSFERRED TO LONDON THROUGH EFP’S, WE OBTAIN A TINY GAIN OF 56 OPEN INTEREST CONTRACTS. THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES: 0.280 MILLION OZ!!! AND YET WE ALSO HAVE A STRONG DEMAND FOR PHYSICAL AS WE WITNESSED A FINAL STANDING OF GREATER THAN 30 MILLION OZ FOR JULY, A STRONG 6.065 MILLION OZ FOR AUGUST.. A HUGE 39.505 MILLION OZ STANDING FOR SILVER IN SEPTEMBER… OVER 2 million OZ STANDING FOR THE NON ACTIVE MONTH OF OCTOBER., 7.440 MILLION OZ FINALLY STANDING IN NOVEMBER. 21.925 MILLION OZ STANDING IN DECEMBER AND 4.965 MILLION OZ STANDING IN JANUARY..
RESULT: A CONSIDERABLE SIZED DECREASE IN SILVER OI AT THE COMEX WITH THE 22 CENT PRICING GAIN THAT SILVER UNDERTOOK IN PRICING// YESTERDAY.BUT WE ALSO HAD ANOTHER STRONG SIZE 3306 EFP’S ISSUED TRANSFERRING COMEX LONGS OVER TO LONDON. TOGETHER WITH THE STRONG SIZED AMOUNT OF SILVER OUNCES STANDING FOR SEPTEMBER, DEMAND FOR PHYSICAL SILVER CONTINUES TO INTENSIFY AS WE WITNESS SEVERE BACKWARDATION IN SILVER IN LONDON.
(report Harvey)
.
2.a) The Shanghai and London gold fix report
(Harvey)
2 b) Gold/silver trading overnight Europe, Goldcore
(Mark O’Byrne/zerohedge
and in NY: Bloomberg
3. ASIAN AFFAIRS
i)FRIDAY MORNING/ THURSDAY NIGHT:
SHANGHAI CLOSED UP 50.51 PTS OR 2.05% //Hang Sang CLOSED UP 561.67 POINTS OR 2.24% /The Nikkei closed DOWN 452.81 POINTS OR 2.26% / Australia’s all ordinaires CLOSED DOWN 0.31%
/Chinese yuan (ONSHORE) closed UP at 6.8649 AS TRUCE DECLARED FOR 3 MONTHS /Oil UP to 47.92 dollars per barrel for WTI and 57.03 for Brent. Stocks in Europe OPENED GREEN
//. ONSHORE YUAN CLOSED UP AT 6.8649 AGAINST THE DOLLAR. OFFSHORE YUAN CLOSED UP ON THE DOLLAR AT 6.8775: HUGE DEVALUATION/PAST SEVERAL DAYS RESUMES// TRADE TALKS NOW ON/MAJOR PROBLEMS AT HUAWEI /CFO ARRESTED : /ONSHORE YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING STRONGER AGAINST USA DOLLAR/OFFSHORE YUAN TRADING STRONGER AGAINST THE DOLLAR /CHINA RETALIATES WITH TARIFFS/ TRUMP RESPONDS TO NEW TARIFFS AND IT NOW A FULL TRADE WAR COMMENCED
3A/NORTH KOREA/SOUTH KOREA
i)North Korea/South Korea/USA/
b) REPORT ON JAPAN
3 C/ CHINA
i)CHINA/
China is in deep trouble especially after last weeks’s terrible PMI numbers. Today they announced a RRR cut as liquidity is drying up. However the cuts will occur only on Jan 15 and Jan 25 to offset liquidity concerns prior to its New Year.. It is business as usual for China
( zerohedge)
4/EUROPEAN AFFAIRS
EMU
The European Monetary Zone is generally a good manufacturing producer led by Germany etc. Today the Eurozone PMI slipped to almost contraction, coming in at 51.1 in December, its weakest report in almost 4 years;
(courtesy zerohedge)
5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
IRAN/USA
This no doubt will alarm Mike Pompeo and Trump: Iran to upgrade its speedboats in the Gulf with stealth technology as they want to encounter the uSA Navy in the Gulf.
(courtesy zerohedge)
6. GLOBAL ISSUES
7. OIL ISSUES
8 EMERGING MARKET ISSUES
i)Venezuela
9. PHYSICAL MARKETS
10. USA stories which will influence the price of gold/silver)
MARKET TRADING
a)No doubt about it: a phony jobs report: they state that payrolls rose by 312,000 and that will probably give Powell the signal to continue with his crazy rate hikes
(courtesy zerohedge)
c)Today the hourly rate increased and that is sending a bad signal to the markets namely because profits will be hit
d)I believe that this job report is a big bunch of crap: the December number includes that a huge 181,000 new jobs were created in the 55 yr old and higher bracket..while the younger sector saw a loss of 11,000 jobs…and the hourly rate goes higher//with WalMart greeters?
the report is a phony
(courtesy zerohedge)
e)This causes markets to soar: Powell is listening carefully to markets. It does not matter..he will
ii)Market data/
a)A very important commentary from Jeffrey Snyder. He comments that the global economy is in big trouble and it is led by the USA.
The highlights two very important points:
- the Eurodollar futures curve
- the oil price/contango/glut we are witnessing
- the huge rise in the GC repo rate by an astonishing 300 basis points.
All 3 measures are indicating that the entire global growth is coming to a halt. The Eurodollar curve futures are falling in the next few years out to 2021 This market is 11 trillion dollars and is almost impossible to manipulate. Investors are voting with their money that interest rates will be falling because of lousy growth. The oil price contango indicates an oil glut caused by the very same lousy global growth. The huge rise in the GC repo rate by 300 points indicates a poor lack of collateral as the growth wanes.
a must read..
( Jeffrey Snider/Alhambra Investment Partners)
d)The impact of the government shutdown is already beginning to hit the economy
iv)SWAMP STORIES
a)Mike Pence on Tucker Carlson: shutdown will continue until the USA gets its wall funding
( zerohedge)
b)The newly elected House defies Trump by voting to reopen government. It has no wall funding so this was a total waste of time
( zerohedge)
c)The newly elected House defies Trump by voting to reopen government. It has no wall funding so this was a total waste of time
( zerohedge)
d)That did not take long: two members of the House are already demanding the impeachment of Trump. Brad Sherman re introduced his bill to impeach him
( zerohedge)
Let us head over to the comex:
THE NEXT NON ACTIVE DELIVERY MONTH IS FEBRUARY AND HERE THE OI ROSE BY 5 CONTRACTS UP TO 486. AFTER FEBRUARY IS THE VERY BIG AND ACTIVE DELIVERY MONTH OF MARCH AND HERE THE OI FELL BY 4004 CONTRACTS DOWN TO 143,455 CONTRACTS.
FOR COMPARISON TO THE COMEX 2017 CONTRACT MONTH AND JANUARY 2018 CONTRACT MONTH
ON FIRST DAY NOTICE JAN 1/2018 CONTRACT MONTH WE HAD A GOOD 2.695 MILLION OZ STAND FOR DELIVERY’
AT THE CONCLUSION OF JAN/2018 WE HAD 3.650 MILLION OZ STAND AS QUEUE JUMPING WAS THE NORM FOR SILVER
.
i) out of Scotia: 2000.083 oz
-END-
Nicholas B on the huge amount of EFP issuance over the past year:
(courtesy Nicholas B.
Good Afternoon Bill, Harvey
After spending hundreds of hours following the fate of the world last year, I believe that nothing is more catastrophic than the destruction of the eco system as deliberately manufactured by the climate engineers. Dane Wigington believes that humanity has far less than a score of years, at the current rate of deliberate climate destruction, before life on earth dives into a terminal decline. In joint second place (but a long way behind in terms of relative importance) would be the horrendous consequences of 5G and the impact of vaccinations aimed at implementing Agenda 21-an American child apparently has 36 vaccinations before the age of 6. In second place is the UK with 24 vaccinations and both countries exhibit abysmal overall health profiles of their populations,
Now that the final EFP figures for 2018 are completed, it is noteworthy that about three times annual global mine supply (excluding Russia and China) was required in the case of these manipulative paper contracts to subdue the headline price of paper gold, and about four times global mine supply in the case of silver. If you are one of the plethora of commentators who believe that the paper price of the precious metals may rise a little bit in 2019, what is the premise underwriting such forecasts? Naked short, undeliverable paper contracts, in an infinite abundance, dominate the price setting mechanism of the precious metals in the hopelessly corrupt and unregulated futures markets. Why would the price be allowed to rise just a tiny little bit in such circumstances? The only reason would be that the central planners are taking too much strain in suppressing the physical markets, and believe that marginally higher headline paper prices of precious metals might alleviate some of this pressure in the physical markets, where there are copious reports of the unavailability of deliverable metal in any kind of reasonable volume. Fractional reserving in these opaque and hopelessly corrupt markets is reported to be contained within the ‘’narrow’’ parameters of 100 to 500 to one-take your pick .Is it not probable that any indication of unsustainable pressure on physical precious metal price suppression leading to marginal upward pricing adjustments is merely a precursor to the advent of the hegemony of physical metal over vaporous paper contracts and then its ‘rocket time’’.
The collapse of Tower 7 and the consequent conspiracy of silence has been one of many melanomas (or should that be melanomata?) dominating recent USA history. Now at last I hear that these 9/11 crimes will be the subject of a Grand Jury hearing (is that the news that visibly upset the Bush family so much during the funeral?). Who knows! Maybe the criminal conspiracy to suppress physical precious metal will also have its ‘day in the sun’. Just because only one man (Harvey) monitors EFP contracts and otherwise there is a (universal conspiracy of) silence, does not mean that this status quo will continue for ever.
Regards
Nicholas
end
Gold trading today:
Pence: No Shutdown Deal Without Border Wall Funding
Vice President Mike Pence told Fox News‘ Tucker Carlson on Thursday that there will be absolutely no deal to end the government shutdown without funding for a border wall.
“Our focus is on border security. What we’ve completely focused on is keeping the President’s promise, to build a wall and to pass legislation that provides other support for border security,” said Pence.
Pence also said that Trump wants to negotiate, noting that “the better part of a year ago the President expressed a willingness to deal with the issue of dreamers in a compassionate way.”
That said, the bottom line is this according to the Vice President: “We will have no deal without a wall”
end
The newly elected House defies Trump by voting to reopen government. It has no wall funding so this was a total waste of time
(courtesy zerohedge)
House Defies Trump; Votes To Reopen Government With No Wall Funding
In what what can only be described as theatre, the Democrat-controlled House of Representatives voted late Thursday to pass two bills that would reopen parts of the government affected by the partial shutdown.
The only problem is that neither of the bills contain funding for what House Speaker Nancy Pelosi (D-CA) called an “inhumane” border wall – leaving Republicans and Democrats without any possible way forward during a Friday meeting at the White House following President Trump’s vow to veto any legislation that does not include money for perhaps his greatest election promise.
Trump will meet at 11:30 a.m. with Pelosi and House Majority Whip Steny Hoyer (D-MD) along with other congressional leaders, according to the Washington Examiner.
“We’ll go down there, we’ll talk,” said Hoyer on Thursday. “We’ll try to come to an agreement.”
That said, House Democrats held a Thursday afternoon hallway press conference where they took turns proclaiming how they would stand their ground against Trump’s wall.
“We are not doing a wall,” said Pelosi – calling it “an immorality.”
Pelosi said the $5 billion Trump is requesting for the wall diverts money from other critical needs, although it is a tiny fraction of all federal spending. Still, she said the wall was a distraction put forward by President Trump who wants to shield his base from the negative impact of his agenda.
“It’s a wall between reality and his constituents, his supporters,” Pelosi said.
Shortly after Christmas, White House officials said they told Democratic leaders they would accept about half of their initial $5 billion request. But when asked about the offer, Pelosi suggested the Trump administration backed away from that idea.
“You can’t have an agreement that people walk away from,” she said. “Go to them and say, ‘Why don’t you stick to what you offered?'” –Washington Examiner
So at this point, tomorrow’s White House meeting looks like it will be a massive waste of everybody’s time – especially considering that Senate Majority Leader Mitch McConnell (R-KY) said on Thursday that he will not consider any House-passed bills that Trump won’t sign.
The two House bills would fund several agencies through September 30, and the Department of Homeland Security through Feb. 8. The DHS funding would give the agency $1.3 billion for border security which could not be used for Trump’s wall. Just five Republicans voted for the bill, while sevel GOP lawmakers supported the other bill funding the other agencies until the end of September.
Approximately 800,000 federal employees have been affected by the partial shutdown which began on December 23, representing around 25 percent of the federal government.
end
Trump threatens months sor years on keeping government closed unless he gets his wall;
(courtesy zerohedge)
Schumer: Trump Threatens To Keep Government Closed For “Months Or Years”
Following an 11:30 a.m. meeting in the White House with House Speaker Nancy Pelosi (D-CA), House Majority Whip Steny Hoyer (D-MD) and other congressional leaders, Pelosi and Schumer spoke outside the White House.
Speaking first, Pelosi said that the meeting with President Trump was lengthy and sometimes contentious. Senate Minority Leader Chuck Schumer (D-NY) meanwhile says Trump threatened to keep government closed for months or years.
President Trump is expected to speak next.
Watch (viewers can rewind to desired segment):
Trump Says He May Declare National Emergency To Build Wall
Mere minutes after ABC News published a report claiming that the Trump Administration had considered declaring a national emergency to circumvent Congress and start construction on the rest of President Trump’s border wall, President Trump confirmed as much during a raucous White House press conference on Friday.
After saying that the federal government could use eminent domain to secure the land for the wall, Trump responded to a question about using his emergency powers to build the wall with a definitive “yes.”
“We can call a national emergency and build it very quickly,” Trump said.
According to the ABC News report, discussions about declaring a national emergency have been happening at “a working level” and that discussions have intensified as Democrats have continued to insist that they won’t approve any funding for a border wall, and Trump has insisted that he has no intention of capitulating. On Friday, Trump rattled anxious furloughed federal workers by saying the shutdown could persist for “months or years”.
The administration will reportedly hold meetings on Friday and over the weekend to discuss “next steps” for getting the wall built, despite Trump acknowledging that he had a “productive” and “very good” meeting with Democratic leaders on Friday.
Still, one of ABC’s sources said using the emergency powers would only be a partial solution.
One administration official described the current executive action under consideration as clearing the way for the construction of roughly 115 miles of new border wall strictly on land owned by DoD, which would make up roughly 5 percent of the more than 2,000-mile border.
[…]
“The President has some limited authority to direct the Department of Defense to build portions of the barrier along the southern border,” Tom Bossert, Trump’s former Homeland Security adviser and current ABC News contributor said. “Depending on what approach he takes, every option available to him comes with some structural constraints and will be met with congressional opposition and legal action — even the very rare emergency authority that has garnered debate this week. Unless Congress acts, there is seemingly a significant limit to the amount of wall Department of Defense could build.”
On another note, when asked about what furloughed government employees should do if the shutdown persists, Trump said those workers are “good for the money” and that many of those going without pay want him “to keep going” for the good of the country.
Trump tweeted last month that he could order the military to build the wall if Democrats wouldn’t cave, affirming that the wall would get built one way or another.
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That did not take long: two members of the House are already demanding the impeachment of Trump. Brad Sherman re introduced his bill to impeach him
(courtesy zerohedge)
“Impeach The Mother-F**ker” – On First Day In Office, Muslim Congresswoman Slams Trump
One of America’s first two Muslim congresswomen has explained in succinct and direct words exactly what the new “most diverse ever” Congress’ goals are in the next session.
Just hours after being sworn in, Democratic Michigan Rep. Rashida Tlaib promised to go after President Trump, telling a group of left-wing supporters at a rally held by MoveOn near Capitol Hill, she would help Democrats “impeach the motherfucker.”
Interestingly, as The Daily Caller reported, new speaker Pelosi said in an interview on Thursday that she will withhold a decision on impeachment plans until special counsel Robert Mueller issues his report in the Russia investigation:
“Well we have to wait and see what happens with the Mueller report. We shouldn’t be impeaching for a political reason, and we shouldn’t avoid impeachment for a political reason. We just have to see how it comes.”
But, that did not stop her underlings from starting to ramp up the rhetoric, as Tlaib’s remarks came just after Democrats officially took over the House with Democratic California Rep. Brad Sherman already reintroducing articles of impeachment against Trump.
Democrat Rep. Reintroduces Articles of Impeachment against President Trump on First Day of 116th Congress [For firing Comey, even though Trump has every Constitutional Right to do so.]
Confused Pelosi botches Speaker speech: ‘I think I skipped a couple of pages. I’m not sure.’
WaPo: Russia has formally charged Paul Whelan, an American citizen, with espionage…
Russian Lawyer for Alleged U.S. Spy Says, Let’s Make a Deal But Not Too Soon
Zherebenkov’s stated goal is to arrange a trade: Whelan for someone being held in the United States. It’s widely assumed that that someone would be Maria Butina, who recently pleaded guilty to conspiring to act as an unregistered agent for Moscow and signed a broad cooperation agreement with the U.S. Justice Department… https://www.thedailybeast.com/russian-lawyer-for-alleged-us-spy-says-lets-make-a-deal-but-not-too-soon?via=desktop&source=Reddit
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