NOV 9//THEY ANNOINTED THE WRONG, ILLEGITIMATE “KING”//

GOLD:$1857.00 DOWN  $88.45   The quote is London spot price

Silver:$23.69 DOWN $1.76   London spot price ( cash market)

Closing access prices:  London spot

i)Gold : $1863.00  LONDON SPOT  4:30 pm

ii)SILVER:  $24.18//LONDON SPOT  4:30 pm

these people voted for Biden/Harris ticket!

Image

Today’s raid was orchestrated by the BIS.  They are desperately trying to prevent European banks from buying physical comex/gold silver

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CLOSING FUTURES PRICES:  KEY MONTHS

DEC. GOLD  $1855.50   CLOSE 1.30 PM      SPREAD SPOT/FUTURE DEC   $1.50/ BACKWARD   // GOOD FOR EFP ISSUANCE

CLOSING SILVER FUTURE MONTH

SILVER DECEMBER  CLOSE:     $23.80  1:30  PM SPREAD SPOT/FUTURE DEC.       :   11  CENTS PER OZ  CONTANGO (   8 CENTS ABOVE NORMAL CONTANGO//NOT GOOD FOR EFP ISSUANCE

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COMEX DATA

JPMorgan has been receiving gold with reckless abandon and sometimes supplying (stopping)

receiving today: 38/263

EXCHANGE: COMEX
CONTRACT: NOVEMBER 2020 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,950.300000000 USD
INTENT DATE: 11/06/2020 DELIVERY DATE: 11/10/2020
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
167 C MAREX 93
332 H STANDARD CHARTE 146
435 H SCOTIA CAPITAL 50
657 C MORGAN STANLEY 9
657 H MORGAN STANLEY 141
661 C JP MORGAN 38
690 C ABN AMRO 4
737 C ADVANTAGE 22 11
800 C MAREX SPEC 3 7
905 C ADM 2
____________________________________________________________________________________________

TOTAL: 263 263
MONTH TO DATE: 4,051

issued:0

GOLDMAN SACHS STOPPED 0 CONTRACTS.

NUMBER OF NOTICES FILED TODAY FOR  NOV. CONTRACT: 263 NOTICE(S) FOR 26300 OZ  (0.8180 tonnes)

TOTAL NUMBER OF NOTICES FILED SO FAR:  4051 NOTICES FOR 405,100 OZ  (12.600 tonnes) 

SILVER//NOV CONTRACT

4 NOTICE(S) FILED TODAY FOR 20,000  OZ/

total number of notices filed so far this month: 486 for 2,430,000  oz

BITCOIN MORNING QUOTE  $15,650   UP 103

BITCOIN AFTERNOON QUOTE.  :$15,156  UP 1020 DOLLARS .

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GLD AND SLV INVENTORIES:

WITH GOLD DOWN $88.45  AND NO PHYSICAL TO BE FOUND ANYWHERE:

WITH ALL REFINERS CLOSED//MEXICO ORDERING ALL MINES SHUT:   WHERE ARE THEY GETTING THE “PHYSICAL?

A HUGE CHANGE IN GOLD INVENTORY AT THE GLD//

A MASSIVE DEPOSIT OF 7.88 TONNES INTO THE GLD

INVENTORY RESTS AT:

GLD: 1,260.30 TONNES OF GOLD//

WITH SILVER DOWN  $1.76  TODAY: AND WITH NO SILVER AROUND:

A HUGE CHANGES IN SILVER INVENTORY AT THE SLV:

A PAPER DEPOSIT OF 10.324 MILLION OZ INTO THE SLV..

SLV: 571.742  MILLION OZ./

WHAT A FRAUD!!

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Let us have a look at the data for today

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IN SILVER THE COMEX OI ROSE BY A STRONG SIZED 1570 CONTRACTS FROM 157,951 UP TO 159,521, AND CLOSER TO  OUR NEW RECORD OF 244,710, (FEB 25/2020. THE GAIN IN OI OCCURRED WITH OUR STRONG $0.47 ADVANCE IN SILVER PRICING AT THE COMEX.IT SEEMS THAT THE GAIN IN COMEX OI IS  DUE TO CONSIDERABLE BANKER AND SOME ALGO SHORT COVERING, COUPLED AGAINST A STRONG EXCHANGE FOR PHYSICAL. WE  HAD ZERO LONG LIQUIDATION, AND A STRONG INCREASE IN  STANDING AT THE COMEX FOR NOV.  WE HAD AN VERY STRONG NET GAIN IN OUR TWO EXCHANGES OF 3065 CONTRACTS  (SEE CALCULATIONS BELOW).

WE WERE  NOTIFIED  THAT WE HAD A STRONG  NUMBER OF  COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE:  1495, AS WE HAD THE FOLLOWING ISSUANCE:   DEC:  1495, MARCH 0 FOR ZERO ALL  OTHER MONTHS  AND THEREFORE TOTAL ISSUANCE  1495 CONTRACTS. THE BANKERS ARE NOW BEING BITTEN BY THOSE SERIAL FORWARDS (EFP’S CIRCULATING IN LONDON)AS THEY ARE NOW BEING EXERCISED AND COMING BACK TO NEW YORK FOR REDEMPTION OF METAL.  THE COST TO SERVICE THESE SERIAL FORWARDS IS HIGH TO OUR BANKERS  BUT THEY HAVE NO CHOICE BUT TO ISSUE AS MANY AS THEY CAN!

HISTORY OF SILVER OZ STANDING AT THE COMEX FOR THE PAST 26 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  AND

21.925 MILLION OZ FINALLY STAND FOR DECEMBER.

5.845 MILLION OZ STAND IN JANUARY.

2.955 MILLION OZ STANDING FOR FEBRUARY.:

27.120 MILLION OZ STANDING IN MARCH.

3.875 MILLION OZ STANDING FOR SILVER IN APRIL.

18.845 MILLION OZ STANDING FOR SILVER IN MAY.

2.660 MILLION OZ STANDING FOR SILVER IN JUNE//

22.605 MILLION OZ  STANDING FOR JULY

10.025   MILLION OZ INITIAL STANDING IN AUGUST.

43.030   MILLION OZ INITIALLY STANDING IN SEPT. (HUGE)

7.32     MILLION OZ INITIALLY STANDING IN OCT

2.630     MILLION OZ STANDING FOR NOV.

20.970   MILLION OZ  FINAL STANDING IN DEC

5.075     MILLION OZ FINAL STANDING IN JAN

1.480    MILLION OZ FINAL STANDING IN FEB

23.005  MILLION OZ FINAL STANDING FOR MAR

4.660  MILLION OZ FINAL STANDING FOR APRIL

45.220 MILLION OZ FINAL STANDING FOR MAY

2.205  MILLION OF FINAL STANDING FOR JUNE

86.470 MILLION OZ FINAL STANDING IN JULY.

6.475 MILLION OZ FINAL STANDING IN AUGUST

55.400 MILLION OZ FINAL STANDING IN SEPT

11.400 MILLION OZ FINAL STANDING IN OCT.

3.780 MILLION OZ INITIAL STANDING IN NOV.

FRIDAY, AGAIN OUR CROOKS USED COPIOUS PAPER IN ORDER TO LIQUIDATE SILVER’S PRICE…AND THEY WERE UNSUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT ROSE $0.47) ).. AND, OUR OFFICIAL SECTOR/BANKERS WERE  UNSUCCESSFUL IN THEIR ATTEMPT TO FLEECE ANY SILVER LONGS AS WE HAD A VERY STRONG NET GAIN IN OUR TWO EXCHANGES (3065 CONTRACTS). NO DOUBT THE STRONG GAIN IN OI WAS DUE TO i)BANKER/ALGO SHORT COVERING.  WE ALSO HAD  ii)  A STRONG ISSUANCE OF EXCHANGE FOR PHYSICALS 2) A STRONG GAIN  IN SILVER OZ STANDING  FOR NOV, iii) STRONG COMEX GAIN  AND  iv) ZERO  LONG LIQUIDATION. YOU CAN BET THE FARM THAT OUR BANKERS  ARE DESPERATE TO LIQUIDATE THEIR HUGE SHORT POSITIONS IN SILVER..

HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS

ACCUMULATION FOR EFP’S/SILVER/J.P.MORGAN’S HOUSE OF BRIBES, / STARTING FROM FIRST DAY /FOR MONTH OF NOV:

5056 CONTRACTS (FOR 6 TRADING DAY(S) TOTAL 5056 CONTRACTS) OR 25.280 MILLION OZ: (AVERAGE PER DAY: 842 CONTRACTS OR 4.213 MILLION OZ/DAY)

TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER:  SO FAR THIS MONTH OF NOV: 25.280 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 3.61% OF ANNUAL GLOBAL PRODUCTION (EX CHINA EX RUSSIA)*

ACCUMULATION IN YEAR 2020 TO DATE SILVER EFP’S:          1,554.57 MILLION OZ.

JANUARY 2020 EFP TOTALS SO FAR: 181.61 MILLION OZ

FEB 2020 EFP’S TOTAL :  ……     259.600 MILLION OZ

MARCH EFP’S …..                     452.280 MILLION OZ  //TOTALS//AND A NEW RECORD FOR THE MONTH)

APRIL EFP                               95.355 MILLION OZ.  (EX. FOR PHYSICALS BECOMING A LOT LESS)

MAY EFP FINAL:                     77.27 MILLION OZ

JUNE EFP                              71.15 MILLION OZ.

JULY EFP                               133.95 MILLION OZ/ (EXCHANGE FOR PHYSICALS STARTING TO RISE EXPONENTIALLY AGAIN)

AUGUST EFP                         127.46 MILLION OZ (EXCHANGE FOR PHYSICALS STARTING TO DECREASE AGAIN)

SEPT EFP                                78.360 MILLION OZ (EXCHANGE FOR PHYSICALS DRAMATICALLY FALLING OFF A CLIFF)

OCT EFP                                 69.73   MILLION OZ (STILL FALLING IN NUMBERS)

NOVEMBER EFP                    25.280 MILLION OZ (STARTING TO INCREASE AGAIN)

RESULT: WE HAD A STRONG SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 1570, WITH OUR HUGE $0.47 GAIN IN SILVER PRICING AT THE COMEX ///FRIDAY.THE CME NOTIFIED US THAT WE HAD A STRONG SIZED EFP ISSUANCE OF 1495 CONTRACTS WHICH  EXITED OUT OF THE SILVER COMEX  TO LONDON  AS FORWARDS.

TODAY WE GAINED A STRONG SIZED 3065 OI CONTRACTS ON THE TWO EXCHANGES (WITH OUR  $0.47 GAIN IN PRICE)//

THE TALLY//EXCHANGE FOR PHYSICALS

i.e 1495 OPEN INTEREST CONTRACTS HEADED FOR LONDON  (EFP’s) TOGETHER WITH A STRONG SIZED INCREASE OF 1570 OI COMEX CONTRACTS. AND ALL OF THIS DEMAND HAPPENED WITH OUR $0.47 GAIN IN PRICE OF SILVER/AND A CLOSING PRICE OF $25.05 // FRIDAY’S TRADING. YET WE STILL HAVE A STRONG 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. 0.794 BILLION OZ TO BE EXACT or 113% of annual global silver production (ex Russia & ex China).

FOR THE NEW NOV  DELIVERY MONTH/ THEY FILED AT THE COMEX: 4 NOTICE(S) FOR 20,000 OZ OF SILVER.

IN SILVER,PRIOR TO TODAY, WE  SET THE NEW COMEX RECORD OF OPEN INTEREST AT 244,196 CONTRACTS ON AUG 22.2018. AND AGAIN THIS HAS BEEN SET WITH A LOW PRICE OF $14.70//TODAY’S RECORD OF 244,705 WAS SET WITH A PRICE OF: 18.91 (FEB 25/2020)

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)

GOLD

IN GOLD, THE COMEX OPEN INTEREST ROSE BY A SMALL SIZED 2556 CONTRACTS TO 570,926 AND CLOSER TO OUR NEW RECORD (SET JAN 24/2020) AT 799,541 AND  PREVIOUS TO THAT: (SET JAN 6/2020) AT 797,110.

THE SMALL SIZED GAIN IN COMEX OI OCCURRED WITH OUR STRONG GAIN IN PRICE  OF $5.30 /// COMEX GOLD TRADING// FRIDAY. WE  HAD STRONG BANKER/ALGO SHORT COVERING ACCOMPANYING OUR SMALL SIZED EXCHANGE FOR  PHYSICAL ISSUANCE. WE HAD ZERO LONG LIQUIDATION AND A HUGE GAIN IN GOLD OUNCES STANDING AT THE COMEX….THIS ALL HAPPENED WITH OUR GAIN IN PRICE OF $5.30. 

WE HAD A VOLUME OF 0    4 -GC CONTRACTS//OPEN INTEREST  74//

WE HAD A CONSIDERABLE SIZED GAIN OF 5433 CONTRACTS  (20.87 TONNES) ON OUR TWO EXCHANGES..

E.F.P. ISSUANCE

THE CME RELEASED THE DATA FOR EFP ISSUANCAND IT TOTALED A SMALL SIZED 2897 CONTRACTS:

CONTRACT .  DEC: 2897; FEB: 0  ALL OTHER MONTHS ZERO//TOTAL: 2897.  The NEW COMEX OI for the gold complex rests at 570,926. 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 EXCHANGE 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 A CONSIDERABLE SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 5433 CONTRACTS: 2556 CONTRACTS INCREASED AT THE COMEX AND 2897 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS  TOTAL OI GAIN OF 5433 CONTRACTS OR 16.96 TONNES.

CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES:

WE HAD A SMALL SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (2987) ACCOMPANYING THE SMALL SIZED GAIN IN COMEX OI  (2556 OI): TOTAL GAIN IN THE TWO EXCHANGES:  5433 CONTRACTS. WE NO DOUBT HAD 1 ) SOME BANKER SHORT COVERING AND CONSIDERABLE ALGO SHORT COVERING ,2.)A HUMONGOUS INCREASE IN OUNCES  STANDING AT THE GOLD COMEX FOR THE FRONT NOV. MONTH TO 12.8211 TONNES3)  ZERO LONG LIQUIDATION ;4) SMALL COMEX OI GAIN AND 5) SMALL SIZED ISSUANCE OF EXCHANGE FOR PHYSICAL  ...ALL OF THIS OCCURRED WITH  OUR  GAIN IN GOLD PRICE TRADING//FRIDAY//$5.30.

WE ARE BEGINNING TO WITNESS A LACK OF EXCHANGE FOR GOLD PHYSICALS UNDERWRITTEN DUE TO PREMIUMS STARTING TO REAPPEAR IN THE FUTURE PRICE OF GOLD VS LONDON SPOT. THE COST TO THE BANKERS IS JUST TOO GREAT TO ENGAGE IN THESE VEHICLES ONCE THIS OCCURS.

We have now switched to GOLD for our spreaders!!

FOR DETAILS ON THE SPREADING EXERCISE HERE IS A BRIEF OUTLINE:

SPREADING OPERATIONS/NOW SWITCHING TO GOLD  (WE SWITCH OVER TO SILVER ON DEC  1)

SPREADING OPERATION FOR OUR NEWCOMERS:

FOR NEWCOMERS, HERE ARE THE DETAILS:

SPREADING LIQUIDATION HAS NOW COMMENCED IN GOLD AS WE HEAD TOWARDS THE NEW ACTIVE FRONT MONTH OF DEC.

FOR THOSE OF YOU WHO ARE NEW, HERE IS THE MODUS OPERANDI OF THE SPREADERS AND THE CRIMINAL ELEMENT BEHIND IT:

 HERE IS A BRIEF SYNOPSIS OF HOW THE CROOKS FLEECE UNSUSPECTING LONGS IN THE SPREADING ENDEAVOUR;

THE SPREADING LIQUIDATION OPERATION IS NOW OVER FOR SILVER..AND WE WILL NOW MORPH INTO AN ACCUMULATION PHASE OF SPREADING CONTRACTS FOR GOLD.  THEY WILL ACCUMULATE CONSIDERABLE AMOUNT OF THE CONTRACTS AND THEN LIQUIDATE ONE WEEK PRIOR TO FIRST DAY NOTICE

MODUS OPERANDI OF THE CORRUPT BANKERS AS TO HOW THEY HANDLE THEIR SPREAD OPEN INTERESTS:

.

AS I HAVE MENTIONED IN PREVIOUS COMMENTARIES:

“AS YOU WILL SEE, THE CROOKS WILL NOW SWITCH TO GOLD AS THEY INCREASE THE OPEN INTEREST FOR THE SPREADERS. THE TOTAL COMEX GOLD OPEN INTEREST WILL RISE FROM NOW ON UNTIL ONE WEEK PRIOR TO FIRST DAY NOTICE AND THAT IS WHEN THEY START THEIR CRIMINAL LIQUIDATION.

HERE IS HOW THE CROOKS USED SPREADING AS WE ARE NOW INTO THE NON  ACTIVE DELIVERY MONTH OF OCT. HEADING TOWARDS THE NON ACTIVE DELIVERY MONTH OF NOV FOR GOLD:

YOU WILL ALSO NOTICE THAT THE COMEX OPEN INTEREST  STARTS TO RISE IN THIS NON ACTIVE MONTH OF NOV. BUT SO IS THE OPEN INTEREST OF SPREADERS. THE OPEN INTEREST INGOLD WILL CONTINUE TO RISE UNTIL ONE WEEK BEFORE FIRST DAY NOTICE OF AN UPCOMING  ACTIVE DELIVERY MONTH (DEC), AND THAT IS WHEN THE CROOKS SELL THEIR SPREAD POSITIONS BUT NOT AT THE SAME TIME OF THE DAY.  THEY WILL USE THE SELL SIDE OF THE EQUATION TO CREATE THE CASCADE (ALONG WITH THEIR COLLUSIVE FRIENDS) AND THEN COVER ON THE BUY SIDE OF THE SPREAD SITUATION AT THE END  OF THE DAY. THEY DO THIS TO AVOID POSITION LIMIT DETECTION. THE LIQUIDATION OF THE SPREADING FORMATION CONTINUES FOR EXACTLY ONE WEEK AND ENDS ON FIRST DAY NOTICE.”

HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS IN 2020 INCLUDING TODAY

Nov.

ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF NOV : 16,102 CONTRACTS OR 1,610,200 oz OR 50.08 TONNES (6 TRADING DAY(S) AND THUS AVERAGING: 2683 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE  SIZE OF THESE EFP TRANSFERS :  THIS MONTH IN 6 TRADING DAY(S) IN  TONNES: 50.08  TONNES

TOTAL ANNUAL GOLD PRODUCTION, 2019, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES

THUS EFP TRANSFERS REPRESENTS 50.08/3550 x 100% TONNES =1.41% OF GLOBAL ANNUAL PRODUCTION

ACCUMULATION OF GOLD EFP’S YEAR 2020 TO DATE:  3,727.81 TONNES

JANUARY 2220 TOTAL EFP ISSUANCE; : 571.19 TONNES

FEB 2020 TOTAL EFP ISSUANCE :            653.78 TONNES

MARCH TOTAL EFP ISSUANCE                1,098.93  TONNES  (*AND A NEW ALL TIME RECORD ISSUANCE//22 DAYS)

APRIL TOTAL EFP. ISSUANCE:               243.45  TONNES  (EFP ISSUANCE BECOMING A LOT LESS)

MAY TOTAL EFP ISSUANCE:                     248.68 TONNES (EFP ISSUANCE STILL LOW// PREMIUM COST TO THE BANKERS IS HUGE..SO ISSUANCE IS LESS)

JUNE TOTAL EFP ISSUANCE:                     192.06 TONNES (EFP ISSUANCE EXTREMELY LOW)

JULY TOTAL EFP ISSUANCE;                       313.09 TONNES ..(EXCHANGE FOR PHYSICALS REVERSE COURSE AND ARE NOW INCREASING!)

AUGUST TOTAL EFP ISSUANCE;                 150.78 TONNES  FINAL (AGAIN: RETREATING IN NUMBERS)

SEPT TOTAL EFP ISSUANCE:                       178.49 TONNES (EFP’s AGAIN RISING DUE TO BACKWARDATION/LOWER FUTURE PREMIUMS//THUS LESS COST TO CARRY)

OCT TOTAL EFP ISSUANCE.                        158.78 TONNES (AGAIN DROPPING)

NOV  TOTAL EFP ISSUANCE:                        50.08 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

First, here is an outline of what will be discussed tonight:

1.Today, we had the open interest at the comex, in SILVER, ROSE BY A STRONG SIZED 1570 CONTRACTS FROM 157,951 UP TO 159,521 AND CLOSER TO OUR COMEX RECORD //244,710(SET FEB 25/2020).  THE LAST RECORDS WERE SET  IN AUG.2018 AT 244,196 WITH A SILVER PRICE OF $14.78/(AUGUST 22/2018)..THE PREVIOUS RECORD TO THAT 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  2 3/4 YEARS AGO.  THE PRICE OF SILVER ON THAT DAY: $17.89.

THE STRONG SIZED GAIN IN OI SILVER COMEX WAS PRIMARILY DUE TO; 1) SOME BANKER SHORT COVERING//ALGO SHORT COVERING//// , 2) A STRONG ISSUANCE OF EXCHANGE FOR PHYSICALS (SEE BELOW), 3) A STRONG INCREASE IN  STANDING  FOR SILVER AT THE COMEX FOR NOV., AND 4) ZERO LONG LIQUIDATION 

EFP ISSUANCE 1495 CONTRACTS

OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS  AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE: DEC. 1495 AND MARCH:  0  ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 1495 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON.  IF WE TAKE THE  COMEX OI GAIN OF 1570 CONTRACTS TO THE 1495 OI TRANSFERRED TO LONDON THROUGH EFP’S,  WE OBTAIN A VERY STRONG SIZED GAIN OF 3065 OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES. THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES 15.33 MILLION  OZ, OCCURRED WITH OUR $0.47 RISE IN PRICE///

BOTH THE SILVER COMEX AND THE GOLD COMEX ARE IN STRESS AS THE BANKERS SCOUR THE BOWELS OF THE EXCHANGE FOR METAL..THE EVIDENCE IS CLEAR: HUGE AMOUNTS OF PHYSICAL STANDING FOR BOTH  SILVER AND GOLD .

(report Harvey)

2 ) Gold/silver trading overnight Europe, Goldcore

(Mark O’Byrne/zerohedge

and in NY: Bloomberg

3. ASIAN AFFAIRS

i)MONDAY MORNING/ FRIDAY NIGHT: 

SHANGHAI CLOSED UP 61.58 PTS OR 1.86%   //Hang Sang CLOSED UP 303.20 PTS OR 1.18%    /The Nikkei closed UP 514.61 POINTS OR 2.12%//Australia’s all ordinaires CLOSED UP 1.89%

/Chinese yuan (ONSHORE) closed UP AT 6.5895 /Oil UP TO 40.57 dollars per barrel for WTI and 42.41 for Brent. Stocks in Europe OPENED ALL GREEN//  ONSHORE YUAN CLOSED UP AGAINST THE DOLLAR AT 6.5895. OFFSHORE YUAN CLOSED UP ON THE DOLLAR AT 6.5665 TRADE TALKS STALL//YUAN LEVELS //TRUMP INITIATES A NEW 25% TARIFFS FRIDAY/MAY 10/MAJOR PROBLEMS AT HUAWEI /CFO ARRESTED//CORONAVIRUS/PANDEMIC/TRUMP TESTS POSITIVE FOR COVID 19  : /ONSHORE YUAN TRADING BELOW LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING STRONGER AGAINST USA DOLLAR/OFFSHORE YUAN TRADING STRONGER AGAINST THE DOLLAR /TRADE DEAL NOW DEAD..TRUMP  RAISED RATES TO 25%

COMEX DATA//AMOUNTS STANDING//VOLUME OF TRADING/INVENTORY MOVEMENTS

GOLD

LET US BEGIN:

THE TOTAL COMEX GOLD OPEN INTEREST  ROSE BY BY A SMALL SIZED 2897 CONTRACTS TO 570,926 MOVING CLOSER TO   RECORD THAT WAS SET IN JANUARY/2020: {799,541  OI(SET JAN 16/2020)} AND  PREVIOUS TO THAT: 797,110 (SET JAN 7/2020).  AND THIS  COMEX INCREASE OCCURRED WITH OUR STRONG RISE OF $5.30 IN GOLD PRICING FRIDAY’S COMEX TRADING/). WE ALSO HAD A SMALL EFP ISSUANCE (2897 CONTRACTS).   WE ALSO HAD  1)  SOME BANKER SHORT COVERING,  2)   ZERO  LONG LIQUIDATION  AND 3)  A MONSTER GAIN  IN GOLD STANDING AT THE  COMEX  ( NOW STANDING AT 12.8304 TONNES)//NOV. DELIVERY MONTH (SEE BELOW) …  AS WE ENGINEERED AN GOOD SIZED GAIN ON OUR TWO EXCHANGES OF 6710 CONTRACTS. WE HAVE LATELY WITNESSED THE EXCHANGE FOR PHYSICALS ISSUED BEING SMALL….. AS IT JUST TOO COSTLY FOR THEM TO CONTINUE SERVICING THE COSTS OF SERIAL FORWARDS CIRCULATING IN LONDON. HOWEVER, MUCH TO THE ANNOYANCE OF OUR BANKERS, THE COMEX IS THE SCENE OF AN ASSAULT ON GOLD AS LONDONERS, NOT BEING ABLE TO FIND ANY PHYSICAL ON THAT SIDE OF THE POND, EXERCISE THESE CIRCULATING EXCHANGE FOR PHYSICALS IN LONDON AND FORCING DELIVERY OF REAL METAL OVER HERE AS THE OBLIGATION STILL RESTS WITH NEW YORK BANKERS. WE CAN NOW VISUALLY SEE THAT SHORTS ARE TRYING TO EXTRICATE THEMSELVES FROM THEIR MESS (“TRYING TO GET OUT OF DODGE”) AS LONGS DEPART THE COMEX FOR THE SAFER CONFINES OF LONDON.

(SEE BELOW)

WE  HAD 0    4 -GC VOLUME//open interest REMAINS AT 74

EXCHANGE FOR PHYSICAL ISSUANCE

WE ARE NOW IN THE  ACTIVE DELIVERY MONTH OF NOV..  THE CME REPORTS THAT THE BANKERS ISSUED A SMALL SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS., THAT IS 2897 EFP CONTRACTS WERE ISSUED:     DEC 2897; FEB// ’21 0 AND  ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE: 2897  CONTRACTS.

YOU WILL FIND THAT WHEN WE HAVE A GOOD PREMIUM IN THE FUTURES/SPOT, THEN THE NUMBER OF EXCHANGE FOR PHYSICALS DECLINE IN NUMBERS.  THE COST IS JUST TOO MUCH FOR THEM TO ISSUE.

IT SEEMS THAT OUR BANKER FRIENDS ARE LOATHE TO ISSUE EFPS DESPITE THE LOW PREMIUM ON FUTURE GOLD CONTRACTS.

ON A NET BASIS IN OPEN INTEREST WE GAINED THE FOLLOWING TODAY ON OUR TWO EXCHANGES: 5433 TOTAL CONTRACTS IN THAT 2897 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE GAINED A SMALL SIZED 2897 COMEX CONTRACTS.. THE BIG NEWS IS THE STRONG LEVEL OF NOV 2020 GOLD CONTRACTS STANDING FOR DELIVERY. ( 12.8304 TONNE) AS NOVEMBER IS A NON ACTIVE AND GENERALLY A VERY POOR DELIVERY MONTH

THE BANKERS WERE UNSUCCESSFUL IN LOWERING GOLD’S PRICE  //// (IT ROSE $5.30).  AND, THEY WERE  UNSUCCESSFUL IN FLEECING ANY LONGS. AS MENTIONED ABOVE THE TOTAL GAIN ON THE TWO EXCHANGES REGISTERED   16.96 TONNES,

NET GAIN ON THE TWO EXCHANGES :: 5433 CONTRACTS OR 543,300 OZ OR 16.96 TONNES.

COMMODITY LAW SUGGESTS THAT COMMODITY FUTURES OPEN INTEREST SHOULD APPROXIMATE 3% OF TOTAL PRODUCTION.  IN GOLD THE WORLD PRODUCES AROUND 3500 TONNES PER YEAR BUT ONLY 2200 TONNES ARE AVAILABLE FROM THE WEST (THUS EXCLUDING RUSSIA, CHINA ETC..WHO KEEP 100% OF THEIR PRODUCTION)

THUS IN GOLD WE HAVE THE FOLLOWING:  570,926 TOTAL OI CONTRACTS X 100 OZ PER CONTRACT = 57.09 MILLION OZ/32,150 OZ PER TONNE =  1775 TONNES

THE COMEX OPEN INTEREST REPRESENTS 1775/2200 OR 80.71% OF ANNUAL GLOBAL PRODUCTION OF GOLD.

Trading Volumes on the COMEX TODAY: 586,375 contracts// volume huge/BIS intervention////

CONFIRMED COMEX VOL. FOR YESTERDAY:  310,203 contracts//  volume: ok //most of our traders have left for London

NOV 9 /2020

NOV. GOLD CONTRACT MONTH

INITIAL STANDING FOR NOV GOLD
Gold Ounces
Withdrawals from Dealers Inventory in oz nil oz
Withdrawals from Customer Inventory in oz
4834.15 oz
HSBC
Int Delaware
incl. 87 kilobars
Int. Del
Deposits to the Dealer Inventory in oz 64,237.698 oz

BRINKS

Deposits to the Customer Inventory, in oz 0
OZ
No of oz served (contracts) today
263 notice(s)
 26,300 OZ
(0.8180 TONNES)
No of oz to be served (notices)
104 contracts
(10,400 oz)
.323 TONNES
Total monthly oz gold served (contracts) so far this month
4051 notices
405,100 OZ
12.600 TONNES
Total accumulative withdrawals of gold from the Dealers inventory this month NIL oz
Total accumulative withdrawal of gold from the Customer inventory this month xxx oz

We had 0 deposit into the dealer

total deposit: nil oz

total dealer withdrawals: nil oz

we had 0 deposit into the customer account

total customer deposit:  NIL  oz

we had 1 gold withdrawals from the customer account:

i) Out of Int. Delaware: 2797.065 oz (87 kilobars)

ii) Out of  HSBC:  2037.25 oz

total withdrawals:  4834.315 oz

We had 1  kilobar transactions  +

ADJUSTMENTS: 0 // 

The front month of NOV registered a total of 367 contracts for a GAIN of 144 contracts.  We had 116 notices filed on Friday so we gained a whopping 260 contracts or 26,000 additional oz of gold will stand in this non active month of November.  There is now no question that we are experiencing a massive onslaught at the gold comex.  This is a new record(gold deliveries) for a November month. If you think that this is high, you can just imagine what will stand in December. 

The big December contract lost a normal 13,724 contracts down to 396,991 contracts.  We will be watching December closely from this day forth. December oi is highly elevated at this time in the delivery cycle. January gained 25 contracts to stand at 80 contracts.

THE BIG STORY AGAIN TODAY IS THE HIGH INITIAL OI STANDING FOR NOVEMBER (12.8211 tonnes). GENERALLY  NOVEMBER IS A VERY POOR DELIVERY MONTH AS MOST INVESTORS PREFER TO SKIP THIS MONTH AND MOVE STRAIGHT TO DECEMBER.  IT LOOKS LIKE SOME MAJOR ENTITY(GOLDMAN SACHS) JUST CANNOT WAIT FOR DECEMBER AS THEY ALONG WITH OTHERS) ARE MAKING THEIR MOVE  FOR PHYSICAL METAL. GOLDMAN SACHS ONE OF THE LEADERS OF THE NEW LONDON LME EXCHANGE NEEDS THE GOLD INVENTORY FOR LIQUIDITY AND INITIAL CONTRIBUTION WITH OTHER MAJOR PLAYERS. AS MENTIONED ABOVE THE GOLD COMEX IS EXPERIENCING A MASSIVE ONSLAUGHT FOR METAL

We had  263 notices filed today for  26300 oz OR 0.8180 TONNES.

FOR THE NOV 2020 CONTRACT MONTH)Today, 0 notice(s) were issued from
JPMorgan dealer account and  0 notices were issued from their client or customer account. The total of all issuance by all participants equates to 263  contract(s) of which 0  notices were stopped (received) by j.P. Morgan dealer and 38 notice(s) was (were) stopped/ Received) by J.P.Morgan//customer account and 0 notices received (stopped) by the squid  (Goldman Sachs)

To calculate the INITIAL total number of gold ounces standing for the NOV /2020. contract month, we take the total number of notices filed so far for the month (4051) x 100 oz , to which we add the difference between the open interest for the front month of  NOV (367 CONTRACTS ) minus the number of notices served upon today (263 x 100 oz per contract) equals 412,500 OZ OR 12.8304 TONNES) the number of ounces standing in this active month of NOV

thus the INITIAL standings for gold for the NOV/2020 contract month:

No of notices filed so far (4051, x 100 oz +367 OI) for the front month minus the number of notices served upon today (263) x 100 oz which equals 412,500 oz standing OR 12.8304 TONNES in this  active delivery month. This is a HUGE amount for gold standing for a NOV delivery month (a very poor non active delivery month). THE COMEX IS UNDER A HUGE FRONTAL ATTACK FROM EUROPEAN BANKS SEEKING PHYSICAL METAL!

We gained 260 contracts or an additional 26,000 oz will search out metal on this side of the pond.

NEW PLEDGED GOLD:  BRINKS

600,054.816, oz NOW PLEDGED  SEPT 15.2020/HSBC  18.644 TONNES ( A HUGE INCREASE FROM 10.6)

60,784.803 PLEDGED  APRIL 3/2020: SCOTIA:            1.3234 tonnes

deleted Int. Delaware pledge July 7  (600 tonnes)

268,020.745 oz  JPM  8.336 TONNES

610,238.285 oz pledged June 12/2020 Brinks/   july 2/july 21               19.017 tonnes

67,289.041 oz Pledged August 21/regular account 1.588 tonnes jpm

total pledged gold:  1,606,387.740 oz                                     49.96 tonnes

SURPRISINGLY WE HAVE BEEN WITNESSING NO REAL PHYSICAL GOLD ENTERING THE COMEX VAULTS FOR THE PAST YEAR!! ..ONLY PHONY KILOBAR ENTRIES…. WE HAVE 489.57 TONNES OF REGISTERED GOLD WHICH CAN SETTLE UPON LONGS i.e. 12.8304 tonnes

CALCULATION OF REGISTERED GOLD THAT CAN BE SETTLED UPON:

total registered or dealer  17,346,319.821 oz or 539.85tonnes
total weight of pledged:  1,606,387.740 oz or 49.96 tonnes
thus:
registered gold that can be used to settle upon: 15,739,932..0  (489,57 tonnes)
true registered gold  (total registered – pledged tonnes  15,739932.0 (489.57 tonnes)
total eligible gold:  20,185,910.659 oz (627.86 tonnes)

total registered, pledged  and eligible (customer) gold  37,552,230.480 oz 1,168.03 tonnes (INCLUDES 4 GC GOLD)

total 4 GC gold:   126.34 tonnes

total gold net of 4 GC:  1041.69 tonnes

end

I have compiled  data with respect to registered (or dealer) gold taken on first day notice for each of the past 24 months

The data begins on first day notice for the May month taken on the last day of July 2018. and it continues to present day.

I then took, how many deliveries were recorded by the CME for each and every month.  I also included for reference the price of gold on first day notice.

The first graph is a logarithmic  graph and the second graph, linear.

You can see the huge explosion of registered gold at the comex along with deliveries.

THE DATA AND GRAPHS:

THE GOLD COMEX SEEMS TO BE  UNDER SEVERE ASSAULT FOR PHYSICAL

END

NOV 9/2020

And now for the wild silver comex results

And now for the wild silver comex results

INITIAL STANDINGS

NOV. SILVER COMEX CONTRACT MONTH//INITIAL STANDING

Silver Ounces
Withdrawals from Dealers Inventory NIL oz
Withdrawals from Customer Inventory
784,593.604 oz
Int. Delaware
Delaware
HSBC
JPMorgan
Deposits to the Dealer Inventory
nil oz
Deposits to the Customer Inventory
nil oz
No of oz served today (contracts)
4
CONTRACT(S)
(20,000 OZ)
No of oz to be served (notices)
270 contracts
 1,350,000 oz)
Total monthly oz silver served (contracts)  486 contracts

2,430,000 oz)

Total accumulative withdrawal of silver from the Dealers inventory this month NIL oz
Total accumulative withdrawal of silver from the Customer inventory this month
We had 0 deposits into the dealer:

total dealer deposits: nil      oz

i) We had 0 dealer withdrawal

total dealer withdrawals: nil oz

we had 0 deposits into the customer account (ELIGIBLE ACCOUNT)

i)into JPMorgan:  nil oz

ii) Into everybody else: 0

JPMorgan now has 190.187 million oz of  total silver inventory or 49.623% of all official comex silver. (190.787 million/382.963 million

total customer deposits today:  nil   oz

we had 3 withdrawals:

i) Out of Delaware:  925.50 oz
ii)Int Delaware;  48,439.048 oz
iii) Out of HSBC:  135,560.669  oz
iv) out JPMorgan: 599,668.587 oz

total withdrawals; 784,593.604    oz

We had 0 adjustment

Total dealer(registered) silver: 134.855 million oz

total registered and eligible silver:  382.963 million oz

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

November saw a GAIN OF 47 notices UP to 274 contracts. We had 2 notices filed on THURSDAY so we gained 49 contracts or 245,000 additional silver oz will stand in this non active delivery month of November.

December saw a LOSS of 5210 contracts DOWN to 107,497 contracts. January saw a GAIN of 7 contracts UP to 141.

The total number of notices filed today for the NOV 2020. contract month is represented by 4 contract(s) FOR 20,000 oz

To calculate the number of silver ounces that will stand for delivery in NOV we take the total number of notices filed for the month so far at 486 x 5,000 oz = 2,430,000 oz to which we add the difference between the open interest for the front month of OCT( 274) and the number of notices served upon today 4x (5000 oz) equals the number of ounces standing.

Thus the NOV standings for silver for the NOV/2019 contract month: 486 (notices served so far) x 5000 oz + OI for front month of NOV  (274)- number of notices served upon today (4) x 5000 oz of silver standing for the NOV contract month .equals 3,535,000 oz. ..VERY STRONG FOR A NON ACTIVE  NOV MONTH.

WE GAINED A STRONG 49 CONTRACTS OR AN ADDITIONAL 245,000 OZ WILL STAND FOR DELIVERY AT THE COMEX AND FORGO ANY FIAT BONUS AS THEY SEARCH FOR METAL ON THIS SIDE OF THE POND VS LONDON. SEEMS THAT WE HAVE A WHALE COMING AFTER COMEX SILVER 

TODAY’S ESTIMATED SILVER VOLUME :186,985 CONTRACTS // volume  huge/BIS intervention////

FOR YESTERDAY  142,833  ,CONFIRMED VOLUME//  very strong//

YESTERDAY’S CONFIRMED VOLUME OF 142,833 CONTRACTS EQUATES to 0.714 billion  OZ 102.0% OF ANNUAL GLOBAL PRODUCTION OF SILVER..

COMMODITY LAW SUGGESTS THAT OPEN INTEREST SHOULD NOT BE MORE THAN 3% OF ANNUAL GLOBAL PRODUCTION. THE CROOKS ARE SUPPLYING MASSIVE PAPER TRYING TO KEEP SILVER IN CHECK.

The record level of silver open interest is 234,787 contracts set on April 21./2017 with the price at that day at $18.42. The previous record was 224,540 contracts with the price at that time of $20.44

end

NPV for Sprott

1. Sprott silver fund (PSLV): NAV  RISES TO- 2.55% ((Nov 9/2020)

2. Sprott gold fund (PHYS): premium to NAV  RISES TO -0.96% to NAV:   (NOV 9/2020 )

Note: Sprott silver trust back into NEGATIVE territory at +%-/Sprott physical gold trust is back into NEGATIVE/2.55%

(courtesy Sprott/GATA

3. SPROTT CEF .A   FUND (FORMERLY CENTRAL FUND OF CANADA):

NAV19.10 TRADING 18.56///NEGATIVE 2.84

END

And now the Gold inventory at the GLD/

NOV 9/WITH GOLD DOWN $88.45 TODAY: A HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIST OF 7.88 TONNES INTO THE GLD///INVENTORY RESTS AT 1260.30 TONNES

NOV 6/WITH GOLD UP $5.30 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1252.42 TONNES

NOV 5/WITH GOLD UP $51.45 TODAY: STRANGELY A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 3.5 TONNES FROM THE GLD////INVENTORY RESTS AT 1252.42 TONNES

NOV 4/WITH GOLD DOWN $9.35 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 1255.92 TONNES

NOV 3//WITH GOLD UP $16.85 TODAY:  STRANGE!!! A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A PAPER WITHDRAWAL OF 1.75 TONNES FROM THE GLD////INVENTORY RESTS AT 1255.92 TONNES

NOV 2/WITH GOLD UP $13.60 TODAY: A SMALL CHANGE IN GOLD INVENTORY AT THE GLD:A WITHDRAWAL OF .58 TONNES AND THIS IS GENERALLY TO PAY FOR FEES (STORAGE/INSURANCE)//INVENTORY RESTS AT 1257.67 TONNES

OCT 30/WITH GOLD UP $11 TODAY: NO CHANGE IN GOLD INVENTORYAT THE GLD//INVENTORY RESTS AT 1258.25 TONNES

OCT 29/WITH GOLD DOWN $11.80 DOLLARS TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A PAPER WITHDRAWAL OF 8.47 TONNES FROM THE GLD////INVENTORY RESTS AT 1258.25 TONNES

OCT 28/STRANGE!WITH GOLD DOWN $30.50 TODAY, A HUGE CHANGE IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1266.72 TONNES

OCT 27/WITH GOLD UP $6.20 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1263.80 TONNES

OCT 26/WITH GOLD UP $1.50 TODAY; A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.77 TONNES FROM THE GLD//INVENTORY RESTS AT 1263.80 TONNES

OCT 23/WITH GOLD  DOWN 80 CENTS TODAY: A HUGE CHANGES IN GOLD INVENTORY AT THE GLD A WITHDRAWL OF 3.8 TONNES FROM THE GLD////INVENTORY RESTS AT 1265.55 TONNES

OCT 22/WITH GOLD DOWN $22.80 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1269.35 TONNES

OCT 21//WITH GOLD UP $17.50 DOLLARS TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 1269.93 TONNES

OCT 20/WITH GOLD UP $3.30 TODAY: A BIG CHANGE IN GOLD INVENTORY AT THE GLD: ANOTHER PAPER WITHDRAWAL OF 2.92 TONNES//INVENTORY RESTS AT 1269.93 TONNES

OCT 19WITH GOLD UP $5.15 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 4.5 TONNES FROM THE GLD///INVENTORY RESTS AT 1272.56 MILLION OZ//

OCT 16//WITH GOLD DOWN 10 CENTS TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.59 TONNES FROM THE GLD//INVENTORY RESTS AT 1276.06 MILLION OZ

OCT 15//WITH GOLD UP $1.10 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1277.65 TONNES

OCT 14/WITH GOLD UP $12.00 : NO CHANGE IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1277.65 TONNES

OCT 13/WITH GOLD DOWN $31.70 DOLLARS: NO CHANGE IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1277.65 TONNES.

OCT 12/WITH GOLD UP $2.00 TODAY: A HUGE  CHANGE IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 6.13 TONNES INTO THE GLD////INVENTORY RESTS AT 1277.65 TONNES

OCT 12/WITH GOLD UP $2.00 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1271.52 TONNES

OCT 9/WITH GOLD UP $31.10 TODAY/NO CHANGE IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1271.52 TONNES

OCT 8/WITH GOLD UP $2.00 TODAY, NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 1271.52 TONNES

OCT 7/WITH GOLD DOWN $16.00 DOLLARS TODAY: A BIG CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 3.88 TONNES FROM THE GLD////INVENTORY RESTS AT 1271.52 TONNES

OCT 6/WITH GOLD DOWN $10.70 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1275.60 TONNES

OCT 5/WITH GOLD UP $12.00 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 2.59 TONNES//INVENTORY RESTS AT 1275.60 TONNES

OCT 2/WITH GOLD DOWN $7.30 TODAY, A HUGE CHANGE IN GOLD INVENTORY AT THE GLD A DEPOSIT OF 9.3 TONNES INTO THE GLD//INVENTORY RESTS AT 1278.19 TONNES

OCT 1/WITH GOLD UP $19.70 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1268.89 TONNES

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Inventory rests tonight at

NOV9/ GLD INVENTORY 1260.30 tonnes

LAST;  942 TRADING DAYS:   +319.75 NET TONNES HAVE BEEN ADDED THE GLD

LAST 842 TRADING DAYS// +497.33  TONNES HAVE NOW BEEN ADDED INTO  THE GLD INVENTORY

end

Now the SLV Inventory

NOV 9/WITH SILVER  DOWN $1.76 TODAY: A HUGE CHANGES IN SILVER INVENTORY AT THE  SLV: A DEPOSIT OF 10.324 MILLION OZ ADDED INTO THE SLV INVENTORY////INVENTORY RESTS AT 571.742 MILLION OZ

NOV 6/WITH SILVER UP 47 CENTS TODAY; NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 561.418 MILLION OZ//

NOV 5/WITH SILVER UP $1.21 TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 561.418 MILLION OZ..

NOV 4/WITH SILVER DOWN 43 CENTS TODAY: TWO HUGE CHANGE IN SILVER INVENTORY AT THE SLV:  A) WITHDRAWAL OF 240,000 OZ FROM SLV//// AND THEN B) A DEPOSIT OF 1.83 MILLION OZ INTO THE SLV//INVENTORY RESTS AT 561.418 MILLION OZ

NOV 4/WITH SILVER DOWN 43 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV:  A WIHDRAWAL OF 240,000 OZ FROM SLV////INVENTORY RESTS AT 559.558 MILLION OZ

NOV 3/WITH SILVER UP 29 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV//INVENTORY REST AT 559.798 MILLION OZ///

NOV 2/WITH SILVER UP 40 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 559.798 MILLION OZ//

OCT 30/WITH SILVER UP 23 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 931,000 FROM THE SLV////INVENTORY RESTS AT 559.798 MILLION OZ..

OCT 29/WITH SILVER DOWN 4 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A PAPER DEPOSIT OF 2.326 MILLION OZ//INVENTORY RESTS A 560.729 MILLION OZ..

OCT 28/WITH SILVER DOWN $1.09 TODAY: A HUGE WITHDRAWAL OF 2.791 MILLION OZ FROM THE SLV//INVENTORY RESTS AT 558.403 MILLION OZ..

OCT 27/WITH SILVER UP 18 CENTS TODAY; NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 561.194 MILLION OZ//

OCT 26/WITH SILVER DOWN 18 CENTS TODAY; NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 561.194 MILLION OZ

OCT 23/WITH SILVER DOWN 9 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 561.194 MILLION OZ

OCT 22/WITH SILVER DOWN 46 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 561.194 MILLION OZ

OCT 21/WITH SILVER UP 26 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 2.977 MILLION OZ FROM THE SLV..//INVENTORY RESTS AT 561.194 MILLION OZ.

OCT 20/WITH SILVER UP 31 CENTS TODAY: A BIG CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 652,000 OZ INTO THE SLV////INVENTORY RESTS AT 564.171 MILLION OZ//

OCT 19/WITH SILVER UP 27 CENTS TODAY: NO CHANGES IN SLV INVENTORY AT THE SLV//INVENTOR RESTS AT 563.519 MILLION OZ/

OCT 16/WITH SILVER UP 15 CENTS TODAY: NO CHANGES IN SLV INVENTORY//INVENTORY RESTS AT 563.519 MILLION OZ.

OCT  15/WITH SILVER DOWN 16 CENTS TODAY:NO CHANGES IN SLV INVENTORY//INVENTORY RESTS AT 563.519 MILLION OZ//

OCT 14/WITH SILVER UP 24 CENTS TODAY; A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 4.652 MILLION OZ//INVENTORY RESTS AT 563.519 MILLION OZ/

OCT 13/WITH SILVER DOWN 105 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 558.867 MILLION OZ..

OCT 12/WITH SILVER UP 28 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV; A WITHDRAWAL 0F 1.396 MILLION OZ//INVENTORY RESTS AT 558.867MILLION OZ/

OCT 9/WITH SILVER UP $1.00 TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 560.263

OCT 8/WITH SILVER UP 2 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV:A WITHDRAWAL OF 1.303 MILLION OF FROM THE SLV////INVENTORY RESTS AT 560.263 MILLION OZ//

OCT 7/WITH SILVER DOWN 9 CENTS TODAY: A BIG CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 466,000 OZ INTO THE SLV////INVENTORY RESTS AT 561.566 MILLION OZ/

OCT 6/WITH SILVER DOWN 51 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 561.100 MILLION OZ//

OCT 5/WITH SILVER UP 53 CENTS TODAY: A MONSTROUS CHANGE IN SILVER INVENTORY AT THE SLV:A  DEPOSIT OF 11.984 MILLION OZ INTO THE SLV //INVENTORY RESTS AT 561.100 MILLION OZ//

OCT 2/WITH SILVER DOWN 17 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 549.116 MILLION OZ//

OCT 1/WITH SILVER UP 66 CENTS TODAY, A BIG CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1.489 MILLION OZ FROM THE SLV////INVENTORY RESTS AT 549.116 MILLION OZ//

NOV 9.2020:

SLV INVENTORY RESTS TONIGHT AT

571.324 MILLION OZ

PHYSICAL GOLD/SILVER STORIES
i) GOLDCORE BLOG/Mark O’Byrne

ii) Important gold commentaries courtesy of GATA/Chris Powell

Failed journalism..

(GATA/Chris Powell./Wall Street Journal)

Another attempt to help The Wall Street Journal solve the supposed mystery of gold

 Section: 

7:42p ET Friday, November 6, 2020

Dear Friend of GATA and Gold:

Today’s edition of The Wall Street Journal published another clueless report about what it called gold’s failure to function as a safe haven amid financial turmoil.

… 

Your secretary/treasurer replied to the reporter as shown below, not because of any expectation that actual journalism about gold will ever be undertaken by any mainstream financial news organization but because … well, because it’s your secretary/treasurer’s job.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

* * *

Will Horner, Reporter
The Wall Street Journal
New York, New York

Friday, November 6, 2020

Dear Mr. Horner:

Your report today, “Gold Hasn’t Behaved Like a Haven Recently” —

https://www.wsj.com/articles/gold-hasnt-behaved-like-a-haven-recently-11…

— might have been more illuminating if it had taken into account the daily intervention of central banks in the gold market.

My organization, the Gold Anti-Trust Action Committee Inc., has been documenting this intervention for 20 years. A summary of that intervention, including links to much documentation, can be found here:

http://gata.org/node/14839

A recent update can be found here:

http://gata.org/node/19556

A recent report on the record-high level of gold market intervention by the Bank for International Settlements is here:

http://gata.org/node/19556

What you pose as the mystery of gold’s poor performance can be solved by putting a few critical questions to the BIS, Federal Reserve, Treasury Department, and Commodity Futures Trading Commission.

The Wall Street Journal very tentatively approached this issue via a report on its front page in 2017, with which I assisted the newspaper’s reporter, Katy Burne:

http://gata.org/node/17562

But remarkably Burne never asked the Federal Reserve Bank of New York for comment about what it was being accused of. This may not have been her fault. Her editors may have directed her to violate the first rule of journalism. But the key questions seem to remain unasked of the government officials who know the answers.

I understand that you probably would not be allowed by your editors to get any closer to the gold story than Burne did. But I would be glad to provide more information to you if the Journal’s policy on the gold question has changed.

At least I will be glad to have gotten on the record that all this documentation has been provided to the Journal once again.

With good wishes.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.

END

A very important read from Macleod.  He states that budget deficits will rise no matter who is President.  The world is saturated in dollars and these dollars will now start to come back to USA soil and thus the reason you see the dollar falling and rates rising

(Alasdair Macleod)

Alasdair Macleod: The consequences of budget deficits for international trade

 Section: 

By Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Thursday, November 5, 2020

In all the economic mayhem ahead, no one is yet thinking of the consequences for trade imbalances. The twin deficit hypothesis informs us that skyrocketing U.S. budget deficits will lead to increasing trade deficits, a situation with serious political consequences.

Furthermore, with foreign interests already saturated with dollars and financial assets denominated in them, far from investing their growing surpluses in yet more dollars and dollar-denominated investments, they will become increasingly aggressive sellers.

This article walks the reader through the main issues of international trade in a developing slump and finds worrying parallels with the Wall Street crash and subsequent events. While the parallels are worrying, the major differences between then and now suggest that this time outcomes could be even more economically challenging.

… For the remainder of the analysis:

https://www.goldmoney.com/research/goldmoney-insights/the-consequences-o…

end

For your interest…

Brutus’ coin marking Julius Caesar’s assassination sets auction record

 Section: 

By Billy Cox
Sarasota (Florida) Herald-Tribune
Friday, October 30, 3030

A prediction by a local numismatics expert made big headlines Thursday when a Roman artifact exceeded expectations to become the world’s most expensive ancient coin.

The 8.06 gram-sized gold coin, commemorating one of history’s most notorious regicides and minted in 42 B.C., went for $4.188 million to an unnamed bid

endder, according to Roma Numismatics Limited, which sponsored the auction in London.

The coin had once been in the collection of 18th-century Baron Dominique de Chambrier of Switzerland and was so coveted that England’s King George III was duped into purchasing a fake, the forgery now on display at the British Museum.

Roma Numismatics offered a summary of the genuine item’s appeal:

“Foremost of the reasons for the exalted position of the type in the collective consciousness is its naked and shameless celebration of the murder of Julius Caesar two years earlier, in 44 B.C. This brutal and bloody assassination had been prompted by the well-founded belief among the Senate that Caesar intended to make himself king. …”

… For the remainder of the report:

https://www.heraldtribune.com/story/news/2020/10/30/roman-coin-authentic…

end

As in today, the BIS is strictly the entity that causes the raid, period..

(Robert Labourne)

GATA) Robert Lambourne: BIS use of gold swaps remains near record high

Submitted by cpowell on 06:22PM ET Monday, November 9, 2020. Section: Daily Dispatches
By Robert Lambourne
Monday, November 9, 2020

The recently reported October statement of account of the Bank for International Settlements —

https://www.bis.org/banking/balsheet/statofacc201031.pd f

— discloses that the bank’s use of gold swaps decreased by 1 tonne from September to an estimated 519 tonnes, remaining near the bank’s record use of such swaps.

To put this into context, the bank’s volume of gold swaps remains larger than the 504 tonnes of gold held by the European Central Bank. No explanation for this continuing high level of swaps has been published by the BIS. Indeed, no comment on its use of gold swaps has been offered since 2010. (See below.)

The gold involved in the swap is supplied to the BIS by bullion banks and then deposited in BIS-member central banks, like the Federal Reserve.

Table A

March 2010: 346 tonnes.
March 2011: 409 tonnes.
March 2012: 355 tonnes.
March 2013: 404 tonnes.
March 2014: 236 tonnes.
March 2015: 47 tonnes.
March 2016: 0 tonnes.
March 2017: 438 tonnes.
March 2018: 361 tonnes.

—–

The BIS rarely comments publicly on its banking activities, but its first use of gold swaps was considered important enough to cause the bank to give some background information to the Financial Times for an article published July 29, 2010, coinciding with publication of the bank’s 2009-10 annual report.

The general manager of the BIS at the time, Jaime Caruana, said the gold swaps were “regular commercial activities” for the bank, and he confirmed that they were all carried out with commercial banks and so did not involve other central banks.

Hence it is reasonably likely that the current level of gold swaps is the highest use of them by the BIS for at least 20 years.

The swap transactions create a mismatch at the BIS, which ends up being long unallocated gold (the gold held in BIS sight accounts at major central banks) and short allocated gold (gold required to be returned to swap counterparties).

This mismatch has not yet been reported as such in the bank’s annual reports.

The table below reports the estimated swap levels since August 2018. It can be seen that the BIS is actively trading gold swaps and other gold derivatives with changes from month to month reported in excess of 100 tonnes in this period.

—–

Table B

Month ….. Swaps
& year .. in tonnes
Oct-20 ….. / 519
Sep-20…../ 520
Aug-20…../ 484
Jul-20 ….. / 474
Jun-20 …. / 391
May-20 …. / 412
Apr-20 …. / 328
Mar-20 …. / 326*
Feb-20 …. / 326
Jan-20 …. / 320
Dec-19 …. / 313
Nov-19 …. / 250
Oct-19 …. / 186
Sep-19 …. / 128
Aug-19 …. / 162
Jul-19 ….. / 95
Jun-19 …. / 126
May-19 …. / 78
Apr-19 ….. / 88
Mar-19 …. / 175
Feb-19 …. / 303
Jan-19 …. / 247
Dec-18 …. / 275
Nov-18 …. / 308
Oct-18 …. / 372
Sep-18 …. / 238
Aug-18 …. / 370

* The estimate originally reported by GATA was 332 tonnes, but the BIS Annual Report states 326 tonnes. It is believed that this difference arose because the gold price used to calculate the GATA estimate was lower than the price used by the BIS. GATA uses gold prices quoted by USAGold.com to estimate the level of gold swaps held by the BIS at month-ends.

—–

As noted already, in recent times the BIS has refused to explain its activities in the gold market, nor for whom the bank is acting:

http://www.gata.org/node/17793

But the BIS is almost certainly acting for central banks, as they are the bank’s owners and control its Board of Directors.

This refusal to explain prompts some observers to believe that the BIS acts as an agent for central banks intervening surreptitiously in the gold and currency markets, providing those central banks with access to gold as well as protection from exposure of their interventions.

—–

Robert Lambourne is a retired business executive in the United Kingdom who consults with GATA about the involvement of the Bank for International Settlements in the gold market.

iii) Other physical stories:

The algos are getting scared that European banks will stand for a massive amount of Gold in December.  They are trying to shake some weak longs.

(zerohedge)

Bonds & Bullion Are Getting Battered

While all eyes are on the almost unprecedented surge in equity futures (except Nasdaq as stay-at-home stocks are hammered), there is some serious swings occurring in the bond and precious metals markets also as vaccine hope has – apparently – removed all fears.

Gold futures tumbled back below $1900 (despite Biden comments about a large stimulus package even with the vaccine)…

Silver futures are back below $25…

And bond yields are spiking (notably back to election night highs for now)…

Source: Bloomberg

The question is – will this press-release-based medical data bounce last? …do you believe in miracles?

Additionally, as Bloomberg notes, the simple truth of the matter is that Pfizer will only be able to treat 25 million people this year, and maybe 650 million next year. Is that enough, assuming some areas reach a level of immunity to keep the virus in check? The answer is not clear at the moment. What is certainly known is that normalcy still remains out over the horizon and it will take quite a bit of time to realize the value embedded in this morning’s surge in travel stocks.

Due to the criminal conviction of trader Edmonds, the USA prosecution is seeking to halt the civil lawsuit. I was misinformed: all discoveries in a civil suit are public and because of that, the prosecution gives the defendants the right to plead the 5th if their testimony incriminates them
(courtesy zerohedge/Chris Powell)

US seeks halt in civil lawsuit accusing JP Morgan of manipulating metals market, citing criminal case

  • The U.S. wants a federal judge to halt a civil lawsuit accusing J. P. Morgan of manipulating precious metals markets. The Justice Department cited an ongoing criminal case as its reason for the request.
  • A former J. P. Morgan trader pleaded guilty in Connecticut last month to manipulation charges.
  • In the guilty plea, the trader said he had learned to make bogus trade orders from senior traders at the bank and that he used the strategy hundreds of times with the knowledge and consent of his immediate supervisors.

A sign of JP Morgan Chase Bank is seen in front of their headquarters tower in New York.

Amr Alfiky | Reuters
A sign of JP Morgan Chase Bank is seen in front of their headquarters tower in New York.

The Justice Department is asking a judge to put the brakes on a civil lawsuit against J. P. Morgan Chase, citing an ongoing probe into a “related criminal case” that involves alleged manipulation of precious metals markets.

The department wants a six-month postponement in the proceedings of the civil lawsuit, which was filed in 2015 by hedge fund manager Daniel Shak and two commodity traders. The government also says it could ask for a longer delay in the case, according to a court filing on Monday.

The move comes days after Shak’s lawyer, David Kovel, sought permission to reopen questioning of two former J. P. Morgan traders and the bank’s current global head of base and precious metals trading.

Kovel, in making the request with the Manhattan federal judge in the civil case, cited last month’s guilty plea by one of those former traders, John Edmonds, in federal court in Connecticut.

Edmonds admitted making bogus bids on precious metals contracts while working at the bank from 2009 to 2015.

Neither J. P. Morgan Chase nor Kovel’s clients have opposed the Justice Department’s request.

In arguing for a delay, the Justice Department said Shak’s lawsuit is “related” to Edmonds’ criminal case and that Edmonds has “pleaded guilty and acknowledged his own participation in such conduct, as well as that of other traders.”

“Edmonds awaits sentencing, but the broader investigation is ongoing,” the Justice Department said. The U.S. wants to delay the civil case “to protect the integrity of its ongoing criminal investigation,” it said.

J. P. Morgan did not respond to a request for comment by CNBC. Kovel declined to comment.

Tuesday night, after this story first was published, Judge Paul Engelmayer ordered the federal prosecutors to explain in detail by Monday why postponing proceedings in the civil lawsuit would not harm those involved, and why reopening questioning “would be detrimental to the Government’s ongoing criminal investigation.”

Englemayer also wrote that he regards Edmonds’ guilty plea “as potentially highly consequential” to the civil case.

In his guilty plea, the 36-year-old Edmonds said he had learned to make bogus trade orders from senior traders at the bank and that he used the strategy hundreds of times with the knowledge and consent of his immediate supervisors. He admitted to working with “unnamed co-conspirators” at J. P. Morgan, according to the Justice Department.

Kovel wants to question Edmonds again as well as Michael Nowak, the bank’s global head of base and precious metal trading, and former J. P. Morgan Chase Managing Director Robert Gottlieb. The three had previously answered questions under oath in the civil case.

Kovel said in court filings that Nowak was the immediate supervisor of Edmonds, while Gottlieb was Edmonds’ mentor.

In his prior deposition, Edmonds said that Gottlieb sat only a “couple feet” away from him for about five years, and that he was “somebody [he] looked up to in the business,” who helped guide and train him.

Nowak is described by Edmonds as his direct supervisor, with whom he would sometimes discuss trading strategies. Nowak was also the person responsible for overseeing the performance and risk of Edmonds’ portfolio, according to the deposition.

Edmonds also stated in his prior deposition that he would enter precious metals trades for both Nowak and Gottlieb, among others.

The civil lawsuit claims Shak and his fellow plaintiffs lost tens of millions of dollars as a result of actions by J. P. Morgan’s traders.

A federal judge tells traders that they can combine cases (with the other 6 banks) as they accused JPMorgan of rigging the precious metals market
(courtesy CNBC)

Federal judge tells traders they can combine cases accusing JP Morgan of rigging metals market

  • Litigation in a separate civil case has been put on hold until at least May at the behest of the Justice Department, which is investigating a “related criminal case” that involves alleged market manipulation by precious metals traders at J. P. Morgan.
  • Judge John Koeltl of the Southern District of New York appointed the White Plains, N.Y., law firm Lowey Dannenberg as interim lead counsel for the proposed class action.

71671201

Spencer Platt | Getty Images

A group of traders from across the U.S. who allege that J. P. Morgan Chase manipulated precious metals markets for years are one step closer to bringing a class action suit against the nation’s largest bank.

Earlier this month, a federal judge said five separate lawsuits making similar allegations against the bank could be combined, potentially including thousands of people who traded in the precious metals market from Jan. 2009 through Dec. 2015.

Litigation in a separate civil case has been put on hold until at least May at the behest of the Justice Department, which is investigating a “related criminal case” that involves alleged market manipulation by precious metals traders at J. P. Morgan.

J. P. Morgan declined to comment on this story.

Judge John Koeltl of the Southern District of New York appointed the White Plains, N.Y., law firm Lowey Dannenberg as interim lead counsel for the proposed class action.

Vincent Briganti, a partner at the firm, filed the first suit seeking class action status in November on behalf of Dominick Cognata, a trader who alleges he suffered losses due to J.P. Morgan’s illegal trading conduct in the silver and gold futures and options markets.

That was after the federal court in Connecticut unsealed a criminal plea agreement by John Edmonds, a former J.P. Morgan metals trader. In his guilty plea, Edmonds, who is 36-years old, admitted that he and other “unnamed co-conspirators” fraudulently manipulated the precious metals markets while they were employed at J. P. Morgan from 2009 to 2015.

Edmonds said he had learned the illegal trading tactics from senior traders, and then used them hundreds of times with the knowledge of and consent of his immediate supervisors.

Briganti’s lawsuit also names John Edmonds and a group of yet-to-be-identified precious metals traders and the bank as defendants.

On Wednesday, the lawyers sent a letter to Judge Koeltl saying they were having difficulty locating Edmonds to serve him legal papers and requested a 30-day extension to do so, which the judge granted on Thursday. Briganti noted that they have been in contact with Edmonds’ attorney in the criminal case. Edmonds’ attorney and Briganti could not be reached for comment.

“We are hopeful that this extension will result in completing service on Mr. Edmonds without formal motion practice and a request for alternative means of service,” Briganti said in the letter.

The next step in the civil case is for the plaintiffs to file an amended class action complaint and set a schedule for defendants to respond.

In addition to the proposed class action, J. P. Morgan also faces a separate civil suit which also accuses the bank of rigging precious metals markets.

end

March 4.2019

Parker City News

JP Morgan faces potential class action lawsuit after guilty pleas by a former metals trader

Traders from across the U.S. are banding together to accuse J. P. Morgan Chase of manipulating precious metals markets for years.

At least six lawsuits, all making similar allegations against the nation‘s largest bank, have been filed in New York federal court in the past month, since federal prosecutors in Connecticut with a former J. P. Morgan Chase metals trader.

The cases could potentially include thousands of people who traded in the precious metals market. The White Plains, N.Y., law firm Lowey Dannenberg is asking the court to combine the cases and name it as the lead.

The law firm‘s commodities group is led by Vincent Briganti, the attorney who filed the first lawsuit on behalf of Dominick Cognata, a New York resident who alleges he suffered losses due to J. P. Morgan‘s trading conduct in the silver and gold futures and options markets.

A combined case, seeking class action status, would include anyone who purchased or sold futures contracts or an option on NYMEX platinum or palladium or COMEX silver or gold between at least Jan. 1, 2009, and Dec. 31, 2015. The lawyers believe that “at least hundreds, if not thousands” of traders would be eligible to join the case.

Named as defendants in all of the lawsuits are John Edmonds, a 36-year old former metals trader at J. P. Morgan, a group of yet-to-be-identified precious metals traders and the bank.

Edmonds, a New York resident, pleaded guilty in October to one count of conspiracy to defraud the market and manipulate prices of precious metals futures contracts and one count of commodities fraud. In the criminal plea, Edmonds admitted that he and other “unnamed co- conspirators” at J. P. Morgan, fraudulently manipulated precious metals markets from 2009 to 2015, the same time frame covered in the class action suits.

Briganti filed the initial class action on Nov. 7, just one day after the Justice Department unsealed Edmonds‘ plea in the U.S. District Court of Connecticut.

Edmonds admitted in his guilty plea that he deployed the illegal trading scheme hundreds of times with the direct knowledge and consent of his immediate supervisors. Plaintiffs say they have suffered economic injury, including monetary losses, as a direct result of actions by Edmonds and the other unnamed J. P. Morgan metals traders in the futures and options contracts.

One of the suits alleges that “the number of unlawful trades that JP Morgan traders executed in precious metals futures markets is at least in the thousands.”

J. P. Morgan declined to comment. Lowey Dannenberg did not respond to a request for comment by CNBC.

The Justice Department‘s criminal investigation is still ongoing and recently caused a separate related civil case to be put on hold for at least six months while the government continues its investigation. That civil lawsuit, which also accuses J. P. Morgan of rigging the precious metals market, was filed in 2015 by hedge fund manager Daniel Shak and two commodity traders.

After reviewing the details of the plea agreement, David Kovel, the attorney for Shak‘s suit, sought to re- interview Edmonds, along with two other current and former senior traders at the bank. However, the government argued that reopening questioning would be detrimental to the ongoing criminal investigation. The federal judge overseeing the proceedings ordered a six-month stay in the civil case.

Kovel declined to comment.

Edmonds was originally scheduled to be sentenced in Hartford, Conn., on Wednesday, Dec. 19, but a court filing on Nov. 27 shows the sentencing has been postponed until June. A spokesman for the U.S. Attorney for Connecticut could not elaborate on why the sentencing was postponed since the court filing is under seal.

-END-

Justice Department stalls another class action in gold market rigging, this one against JPM

 Section: 

9:47a ET Tuesday, March 5, 2019

Dear Friend of GATA and Gold:

Proceedings in the federal class-action anti-trust lawsuit against JPMorganChase charging the investment bank with manipulating the gold and silver futures markets —

http://www.gata.org/node/18844

— have been suspended for three months at the request of the U.S. Justice Department, just as the department has arranged suspension of proceedings in the class-action anti-trust lawsuit against Deutsche Bank charging similar market manipulation.

… 

In both cases the Justice Department has told U.S. District Court for the Southern District of New York that proceedings would jeopardize its criminal investigation into market rigging, which has been admitted by a former JPMorganChase trader, John Edmonds, who awaits sentencing.

According to court filings, the White Plains, New York, law firm representing the plaintiffs against JPMorganChase, Lowey Dannenberg, concurred in the government’s request to suspend proceedings. The stay is to continue for three months and may be extended.

The Justice Department’s motion, granted by the court on February 26 —

http://www.gata.org/files/JPMorganChaseClassActionStay.pdf

— said “the government is not seeking an open-ended stay that could indefinitely postpone this matter and thus jeopardize the parties’ interests in a timely resolution.” The motion added, “Any developments in the criminal case during the period the consolidated action is stayed may reduce or completely resolve the need to litigate certain issues in the consolidated action.”

Much of the Justice Department’s motion is redacted to conceal from the public evidence still under investigation. Edmonds has said he and other traders manipulated the gold and silver markets for years with the knowledge of their supervisors at JPMorganChase. In its motion to conceal that evidence, also granted by the court on February 26, the Justice Department said disclosure “could lead to destruction of evidence, flight from prosecution, and otherwise interfere with the government’s ability to conduct its investigation”:

http://www.gata.org/files/JPMorganChaseClassActionStaySeal.pdf

Monetary metals investors may be skeptical of the Justice Department’s stalling the Deutsche Bank and JPMorganChase cases, since the department and the U.S. Commodity Futures Trading Commission do not seem ever to have responded conscientiously to complaints of gold and silver market rigging until the class actions commenced.

How much time will the court give the Justice Department to delay getting to the bottom of the issue? The court might hasten matters if enough monetary metals mining companies protested the harm done to them and their shareholders by market rigging, but of course most monetary metals mining companies don’t mind at all.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

* * *

Your early MONDAY morning currency, Asian stock market results,  important USA/Asian currency crosses, gold/silver pricing overnight along with the price of oil Major stories overnight/7 AM EST

i) Chinese yuan vs USA dollar/CLOSED UP AT 6.5895 /

//OFFSHORE YUAN:  6.5665   /shanghai bourse CLOSED UP  61.58 PTS OR 1.86%

HANG SANG CLOSED UP 303.20 PTS OR 1.18%

2. Nikkei closed UP 303.20 POINTS OR 1.18%

3. Europe stocks OPENED ALL GREEN/

USA dollar index DOWN TO 92.34/Euro RISES TO 1.1889

3b Japan 10 year bond yield: RISES TO. +.02/ !!!!(Japan buying 100% of bond issuance)/Japanese yen vs usa cross now at 107.85/ THIS IS TROUBLESOME AS BANK OF JAPAN IS RUNNING OUT OF BONDS TO BUY./JAPAN 10 YR YIELD IS NOW TARGETED AT .11%/JAPAN LOSING CONTROL OF THEIR BOND MARKET//CARRY TRADERS GETTING KILLED

3c Nikkei now JUST BELOW 17,000

3d USA/Yen rate now well below the important 120 barrier this morning

3e WTI:: 40.57 and Brent: 42.41

3f Gold DOWN/JAPANESE Yen DOWN CHINESE YUAN:   ON -SHORE CLOSED UP/OFF- SHORE: UP

3g Japan is to buy the equivalent of 108 billion uSA dollars worth of bond per month or $1.3 trillion. Japan’s GDP equals 5 trillion usa./“HELICOPTER MONEY” OFF THE TABLE FOR NOW /REVERSE OPERATION TWIST ON THE BONDS: PURCHASE OF LONG BONDS AND SELLING THE SHORT END

Japan to buy 100% of all new Japanese debt and by 2018 they will have 25% of all Japanese debt. Fifty percent of Japanese budget financed with debt.

3h Oil UP for WTI and UP FOR Brent this morning

3i European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund RISES TO -.56%/Italian 10 yr bond yield UP to 0.67% /SPAIN 10 YR BOND YIELD UP TO 0.14%…ITALIAN 10 YR BOND YIELD/GERMAN BUND: 1.23: DANGEROUS FOR THE ITALIAN BANKING SYSTEM

3j Greek 10 year bond yield FALLS TO : 0.77

3k Gold at $1911.70 silver at: 24.74   7 am est) SILVER NEXT RESISTANCE LEVEL AT $30.00

3l USA vs Russian rouble; (Russian rouble UP 120/100 in roubles/dollar) 78.47

3m oil into the 40 dollar handle for WTI and 42 handle for Brent/

3n Higher foreign deposits out of China sees huge risk of outflows and a currency depreciation. This can spell financial disaster for the rest of the world/

JAPAN ON JAN 29.2016 INITIATES NIRP. THIS MORNING THEY SIGNAL THEY MAY END NIRP. TODAY THE USA/YEN TRADES TO 104.41 DESTROYING JAPANESE CITIZENS WITH HIGHER FOOD INFLATION

30 SNB (Swiss National Bank) still intervening again in the markets driving down the SF. It is not working: USA/SF this morning .9017 as the Swiss Franc is still rising against most currencies. Euro vs SF is 1.0722 well above the floor set by the Swiss Finance Minister. Thomas Jordan, chief of the Swiss National Bank continues to purchase euros trying to lower value of the Swiss Franc.

3p BRITAIN VOTES AFFIRMATIVE BREXIT/LOWER PARLIAMENT APPROVES BREXIT COMMENCEMENT/ARTICLE 50 COMMENCES MARCH 29/2017

3r the 10 Year German bund now NEGATIVE territory with the 10 year RISING to 0.56%

The bank withdrawals were causing massive hardship to the Greek bank. the Greek referendum voted overwhelming “NO”. Next step for Greece will be the recapitalization of the banks and that will be difficult.

4. USA 10 year treasury bond at 0.908% early this morning. Thirty year rate at 1.698%

5. Details Ransquawk, Bloomberg, Deutsche bank/Jim Reid.

6.  TURKISH LIRA:  UP  TO 8.07..

S&P Futures, Global Stocks Soar To All Time High, Russell Limit Up On Covid Vaccine News

Biden in, COVID out.

Global stocks and S&P futures exploded higher, hitting all time highs, following this morning’s news that a Pfizer covid vaccine is more than 90% effective, which came at a time when stocks were already euphoric in the overnight session following the weekend’s political news that Biden was in.

The result, in a nutshell, was an explosion in small caps, a surge in the Dow, a spike in the S&P and a slump in the Nasdaq (more below).

“This is about the best the news could possibly be for the world and for the United States and for public health,” said William Gruber, Pfizer senior vice president for vaccine clinical research and development. It was better than even the best result he had hoped for, he said.

The news, which conveniently came just days after Biden was declared president elect by the media, sent Emini S&P futures up as much as 4%, last seen up 124 points to 3,634 or up 3.8%…

… and hitting new all time highs, surpassing the early September closing record of 3,568.

… pushing European stocks up 3.9%, led by travel, banks, energy and auto sectors…

… and Dow futures up 5%, or more than 1,400 points, to 29,650…

… the ETF of Russell 2000 ETF small-caps, the RTY, just hit the 7% limit up.

With the Pfizer news unleashing an epic reflation trade, the Nasdaq initially rose but then tumbled on the back of the sharply higher yields which are hitting deflation names such as the FAAMGs…

… triggering an impressive reversal in the S&P/Nasdaq relationship:

“For stocks, this is likely the best of both worlds,” said Joyce Chang, head of global research at JPMorgan Securities. “A GOP senate majority should ensure that Trump’s pro-business policies stay intact. Under Biden, additional tariffs that fueled the trade war are unlikely to materialize.”

Stocks that had struggled due to lock-down/restrictive measures related to the virus soared; cruise operators, airlines, hotels, amusement park/movie theater operators and casinos were among the early session’s top “lock- down” performers.

Airline stocks surged, with the Stoxx 600 Travel & Leisure Index up as much as 7%, the most intraday since May 26, with the index reaching the highest since Match 9; British Airways parent IAG jumped 25%, cruise operator Carnival surged 18%, Ryanair gained 18% and hotel company Accor jumps 12%. U.S. airlines also jumped premarket, with American Airlines up 15% and Delta up 12%.

Catering companies like Sodexo and Compass, travel booking software firm Amadeus also surging, as are airports concession operators like WH Smith, SSP Group and Autogrill. Aerospace stocks are also surging, with Airbus, Safran and Rolls-Royce among the biggest gainers in the industrial goods index, along with airports operators like ADP and Aena.

Bank stocks also jumped in premarket trading: BofA, Citigroup and JPMorgan climbed about 7% while Wells Fargo jumped more than 8%; Morgan Stanley and Goldman Sachs rose more than 5% as the yield curve sharply steepened.  Regional banks rallied, too with KeyCorp, Huntington, Regions and Truist rising more than 5%.

Banks had been hard hit this year by pandemic-induced economic woes and low interest rates; the KBW Bank Index (BKX) has tumbled 31% versus an 8.6% gain for the S&P 500. Card stocks gained as well, with Visa and Mastercard adding more than 5%, and American Express and Capital One up more than 8%.

At the same time, stay at home stocks such as Peloton, Netflix and Zoom sank: PTON is down 5.2%, NFLX -3.3% and ZM -5%; Nautilus, Etsy and Wayfair also fell. The news also hammered companies that had boomed amid an insatiable need for Covid-19 tests: QDEL sank 14% as QGEN tumbled 12%; among smaller companies trading on lighter volumer were GNMK -6.1%, FLDM -2.8%.

Looking ahead, Bloomberg notes that there’s precedence for the market’s gains to continue. Since 2000, every time the S&P 500 was higher heading into Election Day, November and December came in green, too. The first years of presidential terms have also been good ones of late. Since 1986, according to Leuthold Group data, they’ve seen average gains of 18.6%.

The news also helped crude oil explode 8% higher…

… while such flight to safety trades as Treasury yields, reversed amid expectations the reflation trade may finally be unleashed should covid be vanquished, and the 10Y yield soared as much as 14bps higher, rising to a session high of 0.9338% before easing back to 0.91%. Supply is also a factor as this week’s Treasury refunding begins with 3-year note sale at 1pm ET and a heavy IG corporate issuance slate is expected.

Others safety trades such as gold and silver, were also hammered, tumbling over 2%.

In FX, the USD was little changed overall, though the underlying bias was negative according to BMO’s Stephen Gallo; in BBDXY terms the currency is down 2.4% in Q4 to-date. Within the FX space, the bulk of the weakness in the USD was shouldered by the currencies of commodity exporters (NZD, AUD, NOK, CAD, IDR and MXN). Risk assets fed off the strength in commodity prices and weaker USD (Hang Seng +1.2%, Stoxx-50 +6.0%), and the rally gained momentum after reports of an effective vaccine circulated.

Elsewhere in FX, the TRY rallied 6.1% vs the USD after leadership changes were announced for Turkey’s MoF and central bank over the weekend. The majority of FX investors probably expect CBRT to tighten its monetary policy stance further to rein in credit growth, although that is clearly at odds with Erdogan’s ideological preference for rate cuts. Despite that sentiment, the yield on the local currency 2-year government debt dropped (probably because financial markets had already been applying the tightening for the central bank). The next scheduled rate decision is on November 19.

Looking ahead, here are some of the week’s key events:

  • Brexit trade-deal talks between the U.K. and EU continue in London Monday
  • Tuesday is the EU’s target date for triggering tariffs on as much as $4 billion of U.S. goods in retaliation over illegal aid to Boeing Co.
  • Alibaba holds its annual Singles’ Day on Wednesday, an online global shopping phenomenon that had $38 billion of sales last year
  • ECB President Christine Lagarde, BOE Governor Andrew Bailey and Fed Chair Jerome Powell are among the speakers Thursday at an online ECB Forum entitled “Central Banks in a Shifting World”
  • Finance ministers and central bankers from the Group of 20 hold an extraordinary meeting Friday to discuss bolder action to help poor nations struggling to repay their debts.

Aside for the Pfizer covid vaccine, here are some of the other top overnight news from Bloomberg:

  • Biden is largely ignoring Trump’s efforts to undermine his victory. The president-elect plans to unveil on Monday his transition team’s coronavirus task force, a step toward fulfilling his central campaign promise: He will make containing the pandemic his first priority
  • Republican congressional leaders still wary of crossing President Donald Trump are holding back from acknowledging Democrat Joe Biden’s victory in the 2020 presidential race
  • Joe Biden won the presidency promising to bring Americans together. But now his administration is sure to come under pressure from some Democrats to risk exacerbating divisions by investigating and prosecuting Donald Trump
  • Germany is seeking to mend transatlantic trade relations and is mulling a more conciliatory approach that would see the European Union delay tariffs set to hit $4 billion of American products as soon as Tuesday, according to a senior official familiar with the government’s thinking
  • Unlike Donald Trump, whom Chinese officials had little knowledge of before he took office, Joe Biden is well known in Beijing. But that history is unlikely to quickly repair a relationship between the global powers that has fundamentally changed over the past four years
  • France’s economy will take a smaller hit from the new lockdown to contain the spread of Covid-19 than it did during the tighter restrictions on activity earlier this year, according to the country’s central bank
  • Over the course of the next seven days, the U.K. premier needs to deliver a trade deal with the EU or risk a chaotic and economically damaging rupture, and avoid a rift with U.S. President-elect Joe Biden over the U.K.’s controversial Brexit laws

While it’s already somewhat dated, here is DB’s Jim Reid with a recap of the weekend’s firehose of news:

So barring an extraordinary series of events Joe Biden will be the next President of the US. Not that it matters in the great scheme of things but we’ve been debating whether this was a close election or not. It really depends on how you look at it. In terms of the popular vote, Joe Biden won more votes than any candidate in history and will likely win by the second most decisive result since 2000. He leads by 3pp currently with this likely to grow in the coming days, with Nate Silver predicting 4.3pp over the weekend. However in the end the election could have been tied at 269 (and a Congress likely to be weighted towards anointing Trump) without a combined c.55,000 votes in Arizona, Wisconsin and Georgia. It’s largely irrelevant but interesting nevertheless.

Attention will still remain on the remaining Senate races. The Democrats have gained a net of one seat so far, and it looks likely that a pair of run-off elections in Georgia on January 5th will determine which party controls the Senate over the next two years. The most likely outcome though is a divided government as the Dems would need to win both against current expectations.

The market last week stuck to the normal script post a close election where the market rallies regardless of who wins rather than one where micro analysis of post election policies are used to predict what happens next. Who needs us analysts?

The S&P 500 rallied +7.32% last week (-0.03% Friday), while the VIX fell -13.2pts to 24.9, its lowest level since August. It was the S&P’s best week since early April when the index was coming back from the pandemic lows. Indeed it was the best post election 2-day performance since 1900 according to DB’s Binky Chadha.

Binky also noted that going into the election, near term implied vol across asset classes had risen sharply and vol curves were steeply inverted. As the election unfolded in a largely orderly fashion, vol collapsed, with vol curves now significantly flatter across the board. The drop in implied vol has been entirely driven by a fall in risk premiums, with realised vol in fact rising. The equity vol premium is now in the middle of its historical range, according to Binky suggesting the unwinding of protection positions is done.

In terms of the economic outlook post election our US economists updated their view on Friday. Since Election Day, Senate Majority Leader McConnell has sounded more open to a stimulus deal. This shift in tone increases the chances for a lame duck package and could hint at the potential for a somewhat larger stimulus deal than they originally thought without a “Blue Wave”. So they keep their current baseline assumption of a roughly $750bn fiscal package legislated by Q1 even though they previously worried about this in a split government scenario.

Although the pace of the economic recovery entering Q4 has exceeded their prior expectations, worsening covid trends continue to be a source of downside risk in the coming months. Balancing out these risks, they have upgraded their Q4 real GDP growth projection by 120bps to 2.3% (annualised). This is mainly due to a 170bps upward revision to consumer spending, which we now see expanding by 1.6% in the current quarter. The upshot is that 2020 growth has been revised up by 30bps to -2.9% on a Q4/Q4 basis. They have not made any material changes to their 2021 and 2022 growth projections. However, given the importance of the Senate outcome, they plan to reassess their view pending the results of those elections in early January. See their note here for more.

Asian markets have started the week on a front foot with the Nikkei (+2.41%), Hang Seng ( +1.77%), Shanghai Comp (+1.95% ) and Kospi ( +1.41%) all advancing. Futures on the S&P 500 and Nasdaq are also up as much as +1.70% and +2.60% respectively on the news of a Biden Presidency. In FX, the onshore Chinese yuan is up +0.54% to 6.5771. The Turkish lira is also up +1.56% this morning after a new central bank chief was appointed over the weekend and the subsequent resignation of the country’s finance and treasury minister, Berat Albayrak. Elsewhere, crude oil prices are up c. +2.50% while spot gold prices are up +0.70%. In terms of weekend data releases, we saw China’s October exports at 11.4% yoy (vs. 9.2% yoy expected), the highest growth since March 2019 while, imports stood at +4.7% yoy (vs. +8.6% yoy expected).

Onto the latest on the virus and the US reported another 102,342 cases over the past 24 hours, marking the 5th continuous day over 100k. The state of Utah is now facing an overcrowding of hospitals and has declared a state of emergency and ordered a mask mandate. The state has also ordered 2-week restrictions on casual social gatherings and extracurricular activities. Meanwhile in Oklahoma, more than 90% of ICU beds are now occupied and the state’s health commissioner has asked residents to wear masks and observe other precautions. President Elect Joe Biden will speak later today on his plan to “beat Covid 19,” under which he is expected to appoint a 12-member coronavirus task force. In Europe, Italy reported over 30k for the 5th consecutive day yesterday. For more on how the virus is spreading see the table below.

Maybe as US election noise begins to fade we’ll return back to the virus and to what promises to be a crucial week for Brexit trade negotiations although one can be accused of crying wolf so many times before on this sort of statement that markets won’t really pay it too much attention. However to ratify any deal across Europe before December 31st, mid-November has often been cited as the last point where a deal can be struck. Deadlines have been extended before but the next week takes us to that point. A call between PM Johnson and the EU’s Ursula von der Leyen on Saturday suggested progress had been made but that there were still issues around the level playing field and fishing. The PM noting “significant differences” remain and von der Leyen suggesting “large differences”. Talks will continue this week.

On the data front, this week is a quieter one, with the highlights including the US CPI reading for October on Thursday, along with the preliminary consumer sentiment index from the University of Michigan for November. The UK will also be releasing its Q3 GDP reading, although for Q4 the Bank of England is now predicting another contraction with England now experiencing a second lockdown.

Finally, earnings season is winding down now, with 438 of the S&P 500 companies having now reported. We will only see a further 16 S&P 500 companies report this week, along with a further 65 from the STOXX 600. In terms of the highlights, today we’ll hear from McDonald’s, before tomorrow sees reports from Adidas and Deutsche Post. Then on Wednesday we’ll hear from Air Products and Continental, before Thursday sees reports from Walt Disney, Cisco Systems, Siemens, Deutsche Telekom, Merck, Applied Materials, Tencent and Nissan Motor.

Though the main central bank decisions are now out of the way, there’ll be a number of speakers over the week ahead, particularly given an ECB forum on central banking this week. The expected highlight will be a policy panel on Thursday featuring ECB President Lagarde, Federal Reserve Chair Powell and Bank of England Governor Bailey, so that’ll definitely be one to keep an eye on, not least given the potential for further stimulus as coronavirus cases continue to rise on both sides of the Atlantic.

Looking back at more of last week now, with the Senate looking likely to remain with the Republicans at this point, markets viewed a divided government as bullish for Treasuries. US 10yr Treasury yields fell -5.5bps (+5.6bps Friday) to finish the week at 0.819%. In Europe core sovereign debt went the other way and the risk on dominated rather than the micro of US fiscal policy as 10yr Gilt yields rose +1.2bps (+4.0bps Friday) to 0.27%, while 10yr Bund yields were up +0.6bps (+1.6bps Friday) to -0.62%. Peripheral sovereign debt spreads to bunds tightened as risk sentiment rose. Italian (-12.5bps), Spanish (-4.4bps), Portuguese (-3.1bps) and Greek (-14.0bps) 10yr bond yields all tightened to bunds. Credit spreads in the US and Europe also tightened on the week, particularly high yield debt. US HY cash spreads were -56bps tighter, while Europe HY cash spreads tightened -40bps. IG US cash spreads were -9bps tighter and -3bps in Europe.

The US dollar also reacted to the election news as the greenback fell -1.92% (-0.32% Friday) on the week, the largest one week fall since late March and is now at its lowest level since late August. This drop in the dollar supported commodity prices as WTI (+3.77%) and Brent crude (+5.31%) rose sharply. Metals also gained with a +3.49% rise in copper prices and gold gaining +3.86%, its best week in just over three months. Bitcoin was interestingly up +14.03% (+2.03% Friday)

In terms of data released on Friday, US payrolls were the big highlight. The US labour market unexpectedly strengthened last month, having added +638k jobs (vs 580k expected) which dropped the unemployment rate to 6.9% (vs 7.6% expected). Underneath the headline numbers there were some worrying trends, as the number of long-term unemployed (jobless for 27 weeks or more) increased by 1.15 million to 3.56 million, the highest level since early 2014. In Europe, German industrial production came in under expectations at +1.6% (vs. +2.5 expected), though this was an improvement from last month’s revised +0.5% gain. Italian retail sales for September fell less than expected at -0.8% (vs -1.5% expected), but this was a sharp reduction from last month’s +8.2%.

3A/ASIAN AFFAIRS

i)MONDAY MORNING/ FRIDAY NIGHT: 

SHANGHAI CLOSED UP 61.58 PTS OR 1.86%   //Hang Sang CLOSED UP 303.20 PTS OR 1.18%    /The Nikkei closed UP 514.61 POINTS OR 2.12%//Australia’s all ordinaires CLOSED UP 1.89%

/Chinese yuan (ONSHORE) closed UP AT 6.5895 /Oil UP TO 40.57 dollars per barrel for WTI and 42.41 for Brent. Stocks in Europe OPENED ALL GREEN//  ONSHORE YUAN CLOSED UP AGAINST THE DOLLAR AT 6.5895. OFFSHORE YUAN CLOSED UP ON THE DOLLAR AT 6.5665 TRADE TALKS STALL//YUAN LEVELS //TRUMP INITIATES A NEW 25% TARIFFS FRIDAY/MAY 10/MAJOR PROBLEMS AT HUAWEI /CFO ARRESTED//CORONAVIRUS/PANDEMIC/TRUMP TESTS POSITIVE FOR COVID 19  : /ONSHORE YUAN TRADING BELOW LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING STRONGER AGAINST USA DOLLAR/OFFSHORE YUAN TRADING STRONGER AGAINST THE DOLLAR /TRADE DEAL NOW DEAD..TRUMP  RAISED RATES TO 25%

3 a./NORTH KOREA/ SOUTH KOREA

South Korea

b) REPORT ON JAPAN

3 C CHINA

CHINA/USA

China forgets its own proverb:

“he who laughs last, laughs best”

Largest State-Run Chinese Newspaper Laughs At Trump In First Reaction To Biden ‘Win’

Within mere minutes of major US networks in what appeared a coordinated effort declared Joe Biden President-Elect the official newspaper of the Central Committee of the Chinese Communist Party issued it’s first reaction which took the form of gleeful mockery.

“HaHa,” tweeted the People’s Daily, the largest state-owned newspaper in China. Two laughing emoji were also included in the message.

Clearly gloating as well as trolling President Trump who has waged a trade war and pressure campaign against Beijing that has plunged Sino-US relations to the lowest state since the Cold War, state-run People’s Daily retweeted Trump’s Saturday morning declaration asserting he had won “by a lot” – but with the following:

The tweet was issued just as the wires, including AP, projected Biden as winner of the 2020 presidential election.

Clearly Beijing is eager to not only have the “last laugh” but to rub it in as much as possible.

The Associated Press along with others had previously reported the unsurprising view of leaders in China – that they were outright rooting for a Biden victory, pinning hopes on a change of administrations greatly easing tensions centered on trade, security, and technology.

The AP wrote last month that “a Biden presidency might restore a more predictable relationship after the shocks of Trump’s tariff war and his outreach to India, seen as a strategic rival, and Southeast Asian countries, with which Beijing has a series of territorial disputes, Chinese analysts say.”

Citing one of these analysts who hopes for a ‘more stable’ situation to emerge under a Biden White House, the report said:

At the least, Biden’s policy “won’t be as emotional and ridiculous as Trump’s,” said Yu Wanli, a professor of international relations at Beijing Language and Culture University.

Democrats appear less militant, so they may take more care to prevent even limited military conflicts and pay more attention to crisis management communication with China,” said Shi Yinhong of Renmin University in Beijing, one of the country’s most prominent scholars of international relations.

Given that public opinion polls in China revealed that more of the population expected a Trump victory, it appears they are breathing a sigh of relief today in Beijing.

END

4/EUROPEAN AFFAIRS

AUSTRIA

Austria shuts down two radical mosques .  All of Europe must shut down all of these radical venues.

(zerohedge)

Austria Shuts Down Two Radical Mosques Attended By Vienna Attacker & Eyes More

It appears that in the wake of the uptick in terrorist attacks on European cities, the latest being the Nov. 2nd Vienna shootings by Islamist terrorists that took place in a heavily Jewish neighborhood and near a synagogue, some European countries are no longer messing around. But it appears much too late.

Austrian authorities have moved to close down two mosques attended by one of the killers which left four people dead and over 20 wounded. One gunman had been killed by police at the scene. The religious centers were believed to have contributed to the radicalization of the main culprit, 20-year-old Austrian citizen Kujtim Fejzulai.

Illustrative image via Reuters

In addition to two mosque closures authorities are reportedly eyeing more that are known locally as preaching extremist and separationist Islamic messages calling for jihad.

According to Al Jazeera, “Austria will order the closure of mosques that it deems a threat to national security in the wake of a deadly shooting in the capital Vienna earlier this week, the Ministry of the Interior said on Friday.”

In recent history the Saudis have been well-known for sending hardline Wahhabi preachers to mosques in the West. Often governments whether in Western Europe, the UK, Canada or even the United States have looked the other way at the radicalism in their midst given the closeness of the Saudis with Western leaders, also has massive amounts of Saudi money flows through lobbying groups.

The primary suspect also had previously tried to travel to Syria to join ISIS, but he was inexplicably released from police custody early as he was no longer deemed a threat. His detention related to intent to travel abroad for terrorism was reduced for mere “good behavior” and he was released last December.

Austrian police are still investigating other potential gunmen or plotters related to the Nov.2 attack. On Friday police have reportedly carried out more raids on homes where individuals that were communicating with Fejzulai had been holed up. According to AP reporting from the day after the attack:

Police searched 18 properties as well as the suspect’s apartment, detaining 14 people associated with the assailant who are being questioned, Interior Minister Karl Nehammer said.

“Yesterday’s attack was clearly an Islamist terror attack,” Chancellor Sebastian Kurz said. “It was an attack out of hatred — hatred for our fundamental values, hatred for our way of life, hatred for our democracy in which all people have equal rights and dignity.”

The attacker, identified as Kujtim Fejzulai, was armed with a fake explosive vest, an automatic rifle, a handgun and a machete, according to Nehammer. Before the attack he posted a photograph on a social media account showing him posing with the rifle and machete, Nehammer said.

Some Vienna politicians as well as much of the public has expressed outrage that security and intelligence services so obviously overlooked an ISIS-sympathizer in their midst who later acted on their terror ideology. The country’s counter-terrorism chief has since been suspended due to “intolerable intelligence failures”.

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

ISRAEL/MIDDLE EAST/IRAN

Israeli Minister warns of a middle east war if Biden is eventually declared the winner on Dec 12

Israeli Minister Warns Of War In Middle East If Biden Wins

Authored by Paul Joseph Watson via Summit News,

Israeli Settlements Minister Tzachi Hanegbi warns that a Biden presidency could ignite war in the Middle East, while Egypt fears Biden would aid the resurgence of Islamists in the region.

Hanegbi pointed out that Biden has indicated he will resurrect America’s nuclear agreement with Iran which was cancelled by the Trump administration.

For Israel, this would represent an existential threat to national security and drastically increase the chances of war with Tehran.

“If Biden stays with that policy, there will, in the end, be a violent confrontation between Israel and Iran,” said Hanegbi.

Meanwhile, other Middle Eastern countries such as Egypt are concerned that a Biden administration would mirror Barack Obama’s policies, which led to Islamists being empowered in the region.

Obama spearheaded the disastrous interventions in Syria and Libya which led to the rise of ISIS and the international migrant crisis.

Obama also suspended aid to Egypt after popular protests ousted Islamist President Muhammad Morsi in 2013.

“Egyptians are likely to be concerned about a revival of Obama’s democracy agenda which meant actively encouraging political participation of Islamists,” reports Arab Weekly.

So in other words, if Biden wins, Americans have at least four more years of disastrous foreign interventions to look forward to.

*  *  *

END

TURKEY

Turkey now fires its Central bank governor launching a full blown currency crisis

(zerohedge)

Erdogan Fires Turkish Central Bank Governor, Launching Full-Blown Currency Crisis

Back in July 2019, when Turkey’s economy was in freefall and its inflation was soaring following a historic currency crash in mid-2018, and shortly after Erdogan became a de facto executive and unopposed ruler of Turkey, the Turkish president had a brilliant idea: take decades of monetary orthodoxy and flip them on their head. Faced with a lose-lose situation of slowing growth, runaway prices and a slumping lira, Erdogan conceived of what is now known as “Erdoganomics” or the bizarre epiphany that in order to fight inflation and keep the currency from plunging, all Turkey had to do was the polar opposite of what any other country in its position would do and cut rates, or as he put it, totally obliterating cause and effect, high interest rates cause inflation.

To implement this truly “unique” vision, Erdogan fired the then-governor of the Turkish Central Bank, Murat Cetinkaya, who inexplicably refused to cut rates at a time when Turkish inflation was surging, and replaced him with an obedient lapdog, Murat Uysal.

“We fired the previous central bank governor because he wouldn’t listen and we have decided to move on with our new friend,” Erdogan said in a speech at parliament in Ankara Tuesday. Erdogan said he told the new governor that “we are going to lower interest rates.”

It worked for a while: Uysal delivered a bigger-than-forecast cut on almost all occasions, that he’s reduced rates since Erdogan appointed him in July, bringing the cumulative easing under his watch to 16 percentage points – including a record move in his first month on the job.

For a while it worked: having cut rates by 16% in under a year, the Turkish economy had staged a modest rebound, but most importantly, inflation did in fact collapse, sparking quiet but agitated discussions across various corners of monetary academia, if Erdoganomics was not in fact right, and everything accepted as conventional by central banks was not upside down.

In the end, of course, it failed, and with the Turkish economy crippled by the global pandemic, with much needed tourism in freefall and accelerating a capital account crisis, the Turkish lira started to slide, and slide, and slide some more…

… until it eventually surpassed the Brazilian Real as the worst performing currency in the world, losing 30% of its value in 2020

But worst of all, instead of further cutting rates in line with Erdogan’s visions, the central bank ended its easing cycle and back in September, it resumed hiking, rising rates from 8.25% to 10.25%.

While that rate hike was the only thing that prevented the lira from a far greater collapse, it also turned out to be one more rate hikes than Erdogan could handle, and late on Friday, Erdogan unexpectedly fired the governor of the country’s central bank – less than a year and a half after he did the exact same thing – and replaced him with a former finance minister.

Murat Uysal was just 16 months into his four-year term at the helm of the central bank when he was dismissed by presidential decree in the early hours of Saturday, with no reason given although the reason was clear: instead of cutting rates to “stimulate” the economy and fight rising inflation, he hiked.

That was all the Turkish president needed to know, and so he replaced one central bank figurehead with another, even more obedient figurehead, when he appointed Naci Agbal, who served as Erdogan’s finance minister between 2015 and 2018 and is now the head of the presidential budget office.

So what happens next?

Well, for one, the latest firing will cement the reality that the Turkish central bank is now merely a branch of Erdogan’s executive presidency, one where the higher the inflation the lower the interest rates. More importantly for Turkey and its residents, Erdogan’s action will trigger a new and even more acute crisis for the Turkish lira, now that it is clear that Erdogan will resume another aggressive rate cut cycle. Only instead of sparking growth, the imminent rate cuts will end up destroying any “carry” currency value the Turkish lira may have had to western investors, leading to what will be a historic dump, perhaps as soon as Monday.

And once those are gone, the Turkish lira will promptly go bidless and will follow in the footsteps of the Venezuela bolivar.

END

TURKEY/SUNDAY

Now the Finance minister resigns.  He is Erdogan’s son in law

(zerohedge)

Turkey In Turmoil: Finance Minister Resigns Days After Central Bank Head Fired

Turkey is bracing for a full-blown financial and economic crisis, after the country Treasury and Finance Minister Berat Albayrak, who is also Erdogan’s son-in-law, unexpectedly resigned on Sunday citing health reasons, according to a statement on his  Instagram account in which he said he would devote time to his family after stepping down.

“I decided not to continue my duty as a minister after five years in office due to health reasons,” Albayrak’s statement read. “I’ll spend my time with my mother, father, wife and kids, whom I have neglected for many years out of necessity.”

Moments later, Albayrak deleted his twitter account.

According to Bloomberg, Turkey’s treasury ministry confirmed Albayrak’s bizarre resignation.

Albayrak has been in cabinet since 2015, when he served as the minister of energy (covering the period when Turkey was allegedly importing oil from ISIS in Syria) until he took over the government’s top economy position in 2018.

The resignation of Turkey’s top finance professional follows just a day after late on Friday president Erdgoan unexpectedly fired the country’s central bank head, Murat Uysal, who was appointed by Erdogan in July 2019 with a clear mandate to cut rates despite the country’s soaring inflation. And cut rates he did, slashing the official rate by 16 points from 24% to 8%, before having no option but to hike rates in September…

… to slow down the collapse in the Turkish lira…

… which had lost more than 30% YTD, making it the world’s worst performing currency.

The question now is just how bad will the investing community take the weekend’s one-two punch which hints that a major financial and economic crisis is imminent in Turkey, and in just a few hours they will get to cast their verdict by either selling the Turkish lira by a lot… or a whole lot.

As Bloomberg notes, for most traders, Uysal’s sudden replacement by former Finance Minister Naci Agbal “is unlikely to stem the lira’s losses unless monetary policy takes a more hawkish turn. Inflation is in double digits, the country is running a current-account deficit and foreign reserves are being eroded.”

However, the main reason Erdogan fired Uysal’s predecessor is because he refused to cut rates when all indicators said he should hike. “We fired the previous central bank governor because he wouldn’t listen and we have decided to move on with our new friend,” Erdogan said last year, and told the new governor that “we are going to lower interest rates.”

Well, the new governor hiked rates just once and is now history, which is why we said on Friday that “Erdogan’s action will trigger a new and even more acute crisis for the Turkish lira, now that it is clear that Erdogan will resume another aggressive rate cut cycle. Only instead of sparking growth, the imminent rate cuts will end up destroying any “carry” currency value the Turkish lira may have had to western investors, leading to what will be a historic dump, perhaps as soon as Monday.”

Others agree: according to Hasnain Malik, the head of equity strategy at Tellimer, a Dubai-bsaed EM research firm, “The lira likely has more to fall.” He added that “the stealth tightening already under way is an admission that inflation has to be addressed” which “means sizable rate hikes sooner or later, regardless of which personality heads the central bank.”

In theory yes, but there is the very clear possibility that Uysal was fired precisely because of his hawkish bias. As a reminder, Erdoganomic is based entirely on the premise that high interest rates cause inflation, which is why it is our view that what is about to happen is far greater devaluation in the lira.

Goldman also agrees that there is more downside, writing that the appointment of a new central banker is unlikely to alter trends in the currency, inflation and reserves “if they are not followed by significant changes in policy” to wit:

Judging from the comments of the Treasury and Finance Minister Albayrak, there appears little appetite to rein in TRY depreciation for reasons other than financial stability concerns. Instead, a weaker TRY is seen as supporting the rebalancing of the economy towards less dependence on foreign financing. In our view, this strategy comes with risks that domestic confidence is undermined in a way that would be costly to reverse, and result in a hard landing for the economy. We think these appointments are unlikely to alter the current trends of inflation, reserves and the TRY by themselves, if they are not followed by significant changes in policy.

On Friday, when discussing the termination of the central bank head, we said that “we expect this to be the first salvo in what ultimately culminates as a full-blown currency crisis for the Turkish nation, and while Erdogan may try to impose capital controls, it won’t last for one simple reason: the Turkish central bank is almost out of FX reserves.”

The second salvo came moments ago with the unexpected resignation of Albayrak, who was one of the few anchors of foreign investor confidence in the country. With him gone, all the worst fears about the Turkish economy are about to come true.

Our only question is on which side of 10.00 does the USDTRY – which on Friday closed at 8.50 – open for trading in just a few hours.

end
RUSSIA/ARMENIA/AZERBAIJAN
Russia not happy campers tonight as one of their M1 24 helicopters was
shot down over Armenia. Remember Russia is allied with Armenia whereas Azerbaijan is allied with Turkey
(zerohedge)

Russian Mi-24 Helicopter Shot Down Over Armenia Near Azerbaijan Border, 2 Pilots Killed

There are breaking reports out of Interfax and Sputnik Armenia that a Russian helicopter has been shot down over Armenian territory related to intense fighting in the Nagorno-Karabakh contested border region.

Interfax is reporting that two Russian pilots were killed in the fiery crash and at least one other injured. Rescue operations and an investigation are underway.

Russian Mi-24 gunships have reportedly been active over Armenian territory.

The largest public radio broadcaster of Armenia has aired the following early details:

A Russian helicopter has crashed in Armenia’s Ararat Province, the Ministry of Emergency Situations reports. The Ministry says it received an alarm from Ararat Regional Crisis Management Center at 6:39 pm today.

The helicopter crashed in the gorge between the villages of Yeraskh and Paruyr Syak. Fire and rescue brigades have been dispatched to the scene.

Armenian military news sites are circulating nighttime footage of what appears to be a helicopter going down, but the video is unverified.

Early reports also suggest the downing may have been from a MANPAD fired from the ground or possibly other type of portable air-defense system.

The Russian Ministry of Defense appears to have confirmed that it’s lost one of its Mi-24 gunships over Armenian territory near the border.  “The Russian Mi-24 helicopter crashed in Armenia after being subjected to fire from the ground, the Russian Defense Ministry reports,” according to Russia’s RT.

Russia’s military has thus far been monitoring the fighting in Nagorno-Karabakh, warning Azerbaijan not to extend the battle into Armenian sovereign territory.

While Moscow has a defense pact with Yerevan, it’s thus far sought to not get involved. However this may immediately change things. Russia’s Sputnik details further that the Russian gunship had been escorting a convoy which departed from Russia’s lone military base on Armenian soil in Gyumri:

A Russian Mi-24 (NATO reporting name: Hind) military helicopter has crashed on the territory of Armenia near the village of Yeraskh after it was shot from the ground by unknown forces using a man-portable air-defence system (SAM), Russia’s Defence Ministry has stated. The crash was caused by a loss of control after a missile hit the aircraft, the ministry added.

The report notes further: “At the time of the time of the attack, the helicopter was escorting a convoy from Russia’s 102nd military base, which is located in Armenia, as it was moving past Yeraskh, near the border with Azerbaijan’s Nakhichevan Autonomous Republic.”

END

Hamas leader calls on Biden to abandon Trump’s “deal of the Century”

Jews around the world are frightened of this development

and many Jews supported the illegitimiate “king” (Biden)

(AlmasdarNews)

Hamas Leader Calls On Biden To Abandon Trump’s “Deal Of The Century”

Via AlMasdarNews.com,

The head of the Political Bureau of the Hamas Movement, Ismail Haniyeh, said that new president-elect Joe Biden, should change the course of the Palestine-Israeli conflict and abandon the policies of Donald Trump.

Haniyeh said in a press statement on Saturday: “The unjust policies against our people have made the United States a partner in injustice and aggression, and damaged the state of stability in the region and the world, and prevented the American ability to be a central party in resolving conflicts.”

The Trump administration previously gave formal US recognition of Jerusalem as capital of Israel in 2017.

Haniyeh called on the elected administration to “retreat from the so-called deal of the century and cancel the decision to consider Jerusalem as the capital of the occupation and to transfer the American embassy to it in a manner that contradicts all international positions and decisions.”

He also called for ending all decisions related to “attempts to liquidate the refugee issue, particularly reducing support for the U.N. Relief and Works Agency for Palestinian Refugees in an attempt to end it.”

Haniyeh stressed that “the Palestinian people will continue their struggle with all legitimate means to end the occupation and achieve independence and return.”

He added, “We will continue to move aggressively to strengthen the path of national unity and internal Palestinian rapprochement to meet all challenges that seek to liquidate the Palestinian issue and work to achieve the goals of our people and their national aspirations.”

6.Global Issues

CORONAVIRUS UPDATE/SUNDAY

Global COVID-19 Cases Top 50 Million, US Deaths Top 1k For 5th Day: Live Updates

Summary:

  • World tops 50 million COVID cases
  • US tops 1k deaths for 5th day
  • Dr. Gottlieb says Joe Biden needs to release COVID strategy
  • Italy reports another 30k+ new cases
  • Greece reports another 35 deaths

* * *

With most of the world focused on political developments in the US, the number of confirmed COVID-19 cases has surpassed the 50 million mark, almost exactly a year after the first cases were supposedly discovered in Wuhan, China.

Meanwhile, US deaths remained at more than 1,000 for a 5th day, a streak that we last saw in August, according to data from Johns Hopkins. On Sunday, the US reported more than 126,000 new infections for the third day. Globally, the world reported more than half-a-million new cases for at least a fourth day.

As the world waits to see how President-elect Joe Biden is going to handle the virus, or whether there is going to be another national lockdown in the US, former Food and Drug Administration Commissioner Dr. Scott Gottlieb said that Biden needs to launch a national strategy.

“If you’re not going to have a federally led national strategy in the next couple of months, and it’s going to be led at the state level, you at least want to coordinate across different states so it starts to have the semblance of a more cohesive plan,” Dr. Gottlieb said on “Face The Nation”.

Here’s some more COVID-19 news from Sunday:

Greece reported 35 additional deaths from COVID-19 on Sunday, a record number for the second straight day. With patients swamping intensive-care units, Greece began a nationwide lockdown on Saturday that’s scheduled to stay in place through November. Cases increased by 1,914 on the day to 56,698 (Source: Bloomberg).

The UK reported more than 20,000 cases for the sixth straight day, though the 20,572 reported Sunday were below the seven-day average of 22,826. With 156 new deaths, the toll was less than half of the weekly average. Reporting has lagged on weekends (Source: Bloomberg).

END
AUSTRALIA VS CHINA

The war between China and Australia escalates as China will have an import ban on 7 commodities from Australia
(zerohedge)

Australia On Edge Over “Deeply Troubling” Reports China Placed Import Bans On 7 Commodities

Australia says it’s continuing to monitor what top officials have said are deeply troubling” signs that China is actively initiating trade disruptions as retaliation amid downward spiraling relations between the two major trade partners.

Since last week regional reports have said Chinese buyers were warned by Beijing not to purchase seven categories of Australian goods, which has set Canberra and firms across the continent on edge given China is recipient of nearly one-third of all Australian exports.

Via Reuters

Australia’s Trade Ministry last month began protesting the delays and significant rumors of further import bans, with Trade Minister Simon Birmingham last Monday charging that Chinese authorities were implementing targeted “discriminatory actions”.

Starting Friday Australian media reported the following commodities will be subject to increased inspections upon reaching port in China:

  • copper ore
  • barley
  • sugar
  • timber
  • lobster
  • coal
  • wine

This after last month a ban was placed on some timber and barely shipments, commonly used in animal fodder and beer production. Beijing subsequently vehemently denied the charge of discriminatory actions. As Reuters summarizes of where things stand, there’s little that can be “confirmed” of the rumors and allegations:

Trade minister Simon Birmingham said Chinese officials had publicly and privately denied any coordinated effort was being taken against Australia, and said he hoped Beijing “is true to its word”.

“They deny any discriminatory actions that are being taken. But that doesn’t seem to be what industry is seeing and hearing at present,” he said on radio station 5AA.

A Chinese source briefed on the matter said that trade in the goods was effectively halted for now, and other products such as beef could be affected in future.

“It was not an absolute order, but a suggestion,” the person said, declining to be identified due to the sensitivity of the matter.

It appears for now that China is leveraging the ability to blame nebulous ‘delays’ on mere bureaucratic inspections procedures.

The Morrison government has urged China to “play by the rules” as billions of dollars are on the line. However, Beijing is clearly in the driver’s seat.

For example over a week ago Australian media documented at least one instance of tons of premium shellfish apparently left on a Chinese airport tarmac to spoil.

And in another more recent example:

A Beijing-based wine importer and distributor told Reuters his customs agent in Shanghai was called to a meeting last week and warned that Australian wine would no longer be processed by customs after Nov. 6.

An employee at the company was also called to a meeting in Beijing on Monday and told that Australian wine would not be processed “until other issues were addressed,” he said.

It remains unclear as to what the “other issues” were, according to the report.

Via Trading EconomicsAustralia exports to China was US$103 Billion during 2019, according to the United Nations COMTRADE database on international trade. 

Prime Minister Scott Morrison has recently slammed Australia’s biggest trading partner as practicing blatant “economic coercion” with regard to an increasing array of its exports.

Things took a more intense turn when Beijing recently began discouraging tourists and students from visiting Australia, also as China detained some high profile Aussie media figures working in the country.

Prior to the pandemic, Chinese travelers made up by far the largest source of tourism for Australia, according to one industry report accounting for $12.4 billion of the $45.4 billion tourism brought into to the country each year.

end
CORONAVIRUS/UPDATE/MONDAY
(ZEROHEDGE)

NJ Orders Indoor-Dining Halt, Other Restrictions, NYC On Cusp Of 2nd COVID-19 Wave, Mayor Says: Live Updates

Summary:

  • NJ imposes new restrictions
  • NYC on verge of 2nd wave, mayor says
  • Shanghai reports first case in months
  • US hospitalizations back to July highs
  • Ukrainian president tests positive
  • Dr. Fauci hails Pfizer-BioNTech news

* * *

Update (1110ET): Phil Murphy just announced that among the latest  batch of restrictions to slow the spread of COVID-19 in the Garden State, will be an order barring indoor dining between 2200 and 0500, a strategy that has also been implemented in Asia and Europe.

Importantly, the halt comes just after the FDA approved more rapid antigen tests for COVID-19. Manufacturers and many scientists argue the tests could be used by restaurants to safely serve customers, since they’re cheap (only a few dollars per customer).

It’s notable in that the bounce-back in restaurant spending was a major contributor to last quarter’s GDP print. NJ is officially back ahead of the pack in its efforts to curb the latest round of the virus.

* * *

Monday’s torrent of optimistic vaccine-related news, sparked early this morning by a WSJ report previewing the first batch of results from the Pfizer-BioNTech COVID vaccine candidate, has, predictably, been followed by a statement from the Biden campaign (which, curiously, got a preview of the results around the same time as Pfizer’s own top executives, and possibly even before the sitting president himself) warning Americans that masks remain the best tool to prevent spread of the virus.

It began Sunday evening, when Utah Gov. Gary Herbert declared a state of emergency and ordered a statewide mask mandate, blaming a surge in coronavirus hospitalizations that he said was threatening hospital capacity, CBS News reported.

Herbert and the Utah Department of Health issued executive and public health orders requiring residents to wear face coverings in public, at work and when they are within 6 feet of people who don’t live in their households. Herbert, a Republican, had resisted a statewide mandate, even as several counties in the state went ahead with more restrictive mask rules. But apparently the election results, combined with the latest data, have been convincing enough to sway them.

Across the US, hospitalizations have returned to their highs from late July, with 56,768 patients in the hospital, 11,108 of those in the ICU and 2,959 on ventilators.

On Monday morning, New Jersey Governor Phil Murphy suggested that he would revive some restrictions in the wake of the state reporting about 5,000 new COVID-19 cases in two days.

New restrictions might impact the state’s bars, restaurants and indoor youth sports may be reined in, Murphy said on CNBC’s “Squawk Box.” Though notably the limits wouldn’t be extended to include college sports as part of measures he said would likely be announced Monday.

“If you sit at a bar there’s a much higher likelihood of a transmission,” he said.

Across the river in NYC, Mayor Bill de Blasio warned that the city was coming “dangerously close” to a second wave. His warning comes as cases and hospitalizations rise, and the city health department, which has caught a lot of flack for its dysfunctional relationship with city hall (or rather, city hall has caught flack for its dysfunctional relationship with the health department, and decisions to delegate tasks like organizing the city’s contact tracing effort to others outside the department) releases a “real time” breakdown of zip-code by zip-code data.

While daily case numbers remain uncomfortably elevated, and deaths and hospitalizations continue to climb, the number of confirmed cases is currently at 50,550,062, while 1,258,321 deaths have been recorded.

Here’s some more COVID-19 news from Monday morning and overnight:

Ukrainian President Volodymyr Zelenskiy says he tested positive for Covid-19 and is self-isolating. Zelenskiy is feeling fine and will continue to work remotely, according to a statement from his office (Source: Bloomberg).

Anthony Fauci, the U.S. government’s top infectious-disease expert, said the Covid-19 vaccine being developed by Pfizer will have a “major impact” on the battle against the coronavirus. The efficacy of the Pfizer drug candidate being over 90% “is just extraordinary,” Fauci said Monday on a call with reporters. Separately, he said Moderna may have similar results to the Pfizer vaccine because it is also based on mRNA technology (Source: Bloomberg).

Shanghai reported a single domestic case of Covid-19 on Monday, according to the municipal government. The confirmed case works as a porter at Shanghai Pudong International Airport. The Chinese financial hub hasn’t reported any local cases in months, although it has seen a steady stream of imported cases (Source: Bloomberg).

END

7. OIL ISSUES

end

8 EMERGING MARKET ISSUES

Your early morning currency/gold and silver pricing/Asian and European bourse movements/ and interest rate settings MONDAY morning 7:00 AM….

Euro/USA 1.1889 UP .0022 REACTING TO MERKEL’S FAILED COALITION/ REACTING TO +GERMAN ELECTION WHERE ALT RIGHT PARTY ENTERS THE BUNDESTAG/ huge Deutsche bank problems ///ITALIAN CHAOS//CORONAVIRUS/PANDEMIC/TRUMP POSITIVE WITH VIRUS /AND NOW ECB TAPERING BOND PURCHASES/JAPAN TAPERING BOND PURCHASES /USA RISING INTEREST RATES /FLOODING/EUROPE BOURSES /GREEN

USA/JAPAN YEN 104.41 UP 1.115 (Abe’s new negative interest rate (NIRP), a total DISASTER/NOW TARGETS INTEREST RATE AT .11% AS IT WILL BUY UNLIMITED BONDS TO GETS TO THAT LEVEL…

GBP/USA 1.3178   UP   0.0040  (Brexit March 29/ 2019/ARTICLE 50 SIGNED/BREXIT FEES WILL BE CAPPED/

USA/CAN 1.2974 DOWN .0028 CANADA WORRIED ABOUT TRADE WITH THE USA WITH TRUMP ELECTION/ITALIAN EXIT AND GREXIT FROM EU/(TRUMP INITIATES LUMBER TARIFFS ON CANADA/CANADA HAS A HUGE HOUSEHOLD DEBT/GDP PROBLEM)

Early THIS  MONDAY morning in Europe, the Euro ROSE BY 22 basis points, trading now ABOVE the important 1.08 level RISING to 1.1889 Last night Shanghai COMPOSITE UP  61.58  OR 1.86% 

//Hang Sang CLOSED UP 303.20 POINTS OR 1.18% 

/AUSTRALIA CLOSED UP 1,89%// EUROPEAN BOURSES ALL GREEN

Trading from Europe and Asia

EUROPEAN BOURSES ALL GREEN

2/ CHINESE BOURSES / :Hang Sang CLOSED UP 303.20 POINTS OR 1.18% 

/SHANGHAI CLOSED UP 61.58 PTS OR 1.86$ 

Australia BOURSE CLOSED UP 1.89% 

Nikkei (Japan) CLOSED UP 514.61  POINTS OR 2.12%

INDIA’S SENSEX  IN THE GREEN

Gold very early morning trading: 1917.00

silver:$24.88-

Early MONDAY morning USA 10 year bond yield: 0.908% !!! UP 9 IN POINTS from FRIDAY’S night in basis points and it is trading WELL BELOW resistance at 2.27-2.32%.

The 30 yr bond yield 1.698 UP 9  IN BASIS POINTS from FRIDAY night.

USA dollar index early MONDAY morning: 92.34 UP 11 CENT(S) from  THURSDAY’s close.

This ends early morning numbers MONDAY MORNING

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx6

And now your closing  MONDAY NUMBERS \1: 00 PM

Portuguese 10 year bond yield: 0.15% UP 7 in basis point(s) yield from YESTERDAY/

JAPANESE BOND YIELD: +.02.%  DOWN 0   BASIS POINTS from YESTERDAY/JAPAN losing control of its yield curve/56

SPANISH 10 YR BOND YIELD: 0.19%//UP 8 in basis point yield from yesterday.

ITALIAN 10 YR BOND YIELD:0.76 UP 10 points in basis points yield from yesterday./

the Italian 10 yr bond yield is trading 56 points higher than Spain.

GERMAN 10 YR BOND YIELD: FALLS TO –.51% IN BASIS POINTS ON THE DAY//

THE IMPORTANT SPREAD BETWEEN ITALIAN 10 YR BOND AND GERMAN 10 YEAR BOND IS 1.27% AND NOW ABOVE THE  THE 3.00% LEVEL WHICH WILL IMPLODE THE ENTIRE ITALIAN BANKING SYSTEM. AT 4% SPREAD THERE WILL BE A HUGE BANK RUN…

END

IMPORTANT CURRENCY CLOSES FOR MONDAY

Closing currency crosses for FRIDAY night/USA DOLLAR INDEX/USA 10 YR BOND YIELD/1:00 PM

Euro/USA 1.1814  DOWN     .0054 or 54 basis points

USA/Japan: 105.49 UP 2.204 OR YEN DOWN 220  basis points/

Great Britain/USA 1.3401 UP .0054 POUND UP 1  BASIS POINTS)

Canadian dollar DOWN 13 basis points to 1.2970

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

The USA/Yuan, CNY: closed UP AT 6.6296    ON SHORE  (UP)..

THE USA/YUAN OFFSHORE:  6.6308  (YUAN up)..

TURKISH LIRA:  8.17  EXTREMELY DANGEROUS LEVEL/DEATH WISH.

the 10 yr Japanese bond yield  at +0.02%

Your closing 10 yr US bond yield UP 3 IN basis points from FRIDAY at 0.703 % //trading well ABOVE the resistance level of 2.27-2.32%) very problematic USA 30 yr bond yield: 1.489 UP 3 in basis points on the day

Your closing USA dollar index, 93.87 down 6  CENT(S) ON THE DAY/1.00 PM/

Your closing bourses for Europe and the Dow along with the USA dollar index closing and interest rates for MONDAY: 12:00 PM

London: CLOSED UP 158.62  4.77%

German Dax :  CLOSED UP 615.95 POINTS OR 4.94%

Paris Cac CLOSED UP 375.44 POINTS 7.57%

Spain IBEX CLOSED UP 589.00 POINTS OR 8.57%

Italian MIB: CLOSED UP1068.50 POINTS or 5.43%

WTI Oil price; 37.40 12:00  PM  EST

Brent Oil: 39.75 12:00 EST

USA /RUSSIAN /   RUBLE RISES:    76.32  THE CROSS LOWER BY 1.11 RUBLES/DOLLAR (RUBLE HIGHER BY 111 BASIS PTS)

TODAY THE GERMAN YIELD FALLS  TO –.51 FOR THE 10 YR BOND 1.00 PM EST EST

END

This ends the stock indices, oil price, currency crosses and interest rate closes for today 4:30 PM

Closing Price f0r Oil, 4:00 pm/and 10 year USA interest rate:

WTI CRUDE OILPRICE 4:30 PM :  40.05//

BRENT :  42.11

USA 10 YR BOND YIELD: … 0.931..up 12 basis points…

USA 30 YR BOND YIELD: 1.717 up11 basis points..

EURO/USA 1.1820 ( DOWN 47   BASIS POINTS)

USA/JAPANESE YEN:105.35 UP 2.058 (YEN DOWN 205 BASIS POINTS/..

USA DOLLAR INDEX: 92.83 UP 58 cent(s)/

The British pound at 4 pm   Britain Pound/USA:1.3164 UP 26  POINTS

the Turkish lira close: 8.07

the Russian rouble 77.34   UP 1.10 Roubles against the uSA dollar. UP 102 BASIS POINTS)

Canadian dollar:  1.3010 DOWN 7 BASIS pts

German 10 yr bond yield at 5 pm: ,-0.51%

The Dow closed DOWN 834.57 POINTS OR 2.95%

NASDAQ closed DOWN 181.45 POINTS OR 1.53%


VOLATILITY INDEX:  25.64 CLOSED UP .78

LIBOR 3 MONTH DURATION: 0.205%//libor dropping like a stone

USA trading today in Graph Form

COVID ‘Cure’ Creates Chaos: Tech Wrecks, Bonds Bloodbath, Momo Massacred

Monetary stimulus, election certainty, and now a vaccine – Buy, Mortimer, Buy!!!! Small Caps were limit up in the pre-market as everything exploded on Pfizer’s headlines… Nasdaq ended red, with markets tumbling late on as Trump challenge concerns picked up

That is an all-time record high for the Russell 2000, Dow, and S&P 500.

Dow Futures perfectly tagged 30,000 at their highs today…

Reuters reported that a spokesman for one exchange said “unprecedented” trading volumes in the 30 minutes after the Pfizer announcement were up to 10 times the level seen earlier in the day and broke a previous record set in March when markets recorded sharp falls at the peak of virus-related restrictions.

But it wasn’t all shits and giggles.

Momentum collapsed…

Source: Bloomberg

…suffering its biggest one-day drop in history…

Source: Bloomberg

All those momentum traders might be sounding a little ungrateful at Pfizer’s “cure” for the COVID plague…

A massive reversal in the Small Caps/Nasdaq RV trade…

Pfizer had a big day, but could not hold its best gains…

The COVID Fear trade crashed to its lowest since early March..

Source: Bloomberg

FANG Stocks were also whacked as the ‘stay-at-home’ trade unwound…

Source: Bloomberg

Relative to the average stock (represented by the S&P 500 equal-weighted index), FANG Stocks had their worst day since inception in 2015 (in other words, since people have used the acronym)…

Source: Bloomberg

Banks soared (on higher rates)…

Source: Bloomberg

Airlines (and cruise lines) all exploded higher…

Source: Bloomberg

VIX crashed to a 22 handle (its lowest since August) before rallying back to close green as Trump challenges hit…

Bonds were a bloodbath today with the long-end spiking over 13bps and the curve steepening dramatically…

Source: Bloomberg

However, note where yields stalled for the day and rolled over… right at the peak of election night, running those stops and unable to push through…

Source: Bloomberg

The yield curve (2s30s) pushed to its steepest since May 2017

Source: Bloomberg

Fed rate expectations rose (hawkishly) on the day…

Source: Bloomberg

As rate-hike expectations lifted, the dollar strengthened…

Source: Bloomberg

Interestingly, copper ended unch…

Gold was clubbed like a baby seal, back below $1900 to its lowest since September…

Silver futures tumbled back below $24 intraday before finding support…

Finally, we wonder what happens next as the S&P 500 has tagged its megaphone high trendline…

a)Market trading/LAST NIGHT/USA

b)MARKET TRADING/USA//This morning

Stocks Are Sliding After Opening At Record Highs

The S&P 500 surge to a new record high at the cash open this morning amid vaccine exuberance, but there has been selling pressure since the open that has pushed Nasdaq back to unchanged…

Notably the uptick-downtick spike at the open was disappointing – below last week’s highest opening panic-bid levels – and is fading fast…

And even Pfizer is sliding…

So, is this a dip to buy?

end

ii)Market data/USA

iii) Important USA Economic Stories

I am going to provide to you all of the major stories which indicate beyond a reasonable doubt that the election of Trump was stolen from him

Please follow the chronological events

The first one begins Saturday

1. The USA Supreme Court (Sam Alito) orders late arriving Pennsylvania votes to be segregated.  Here Alito is basically stating that the Pennsylvania Supreme Court violated the uSA constitution.  It is the legislators who provide the rules for election..not the govenror nor their Supreme Court.

(Epoch Times)

Supreme Court Orders Pennsylvania To Separate Out Late-Arriving Ballots

by Epoch Times

U.S. Supreme Court Justice Samuel Alito late Friday ordered Pennsylvania election officials to segregate and separately count ballots that arrived after Election Day.

Alito granted a request by the state’s Republican party to separate mail-in ballots received between 8 p.m. Nov. 3 and 5 p.m. Nov. 6 from those that arrived by Election Day, in accordance with state guidance. He ordered (pdf) that those segregated ballots must be kept “in a secure, safe and sealed container separate from other voted ballots.”

The justice, however, did not order the counties to stop counting but instead ordered those ballots to be counted separately.

The Republican Party of Pennsylvania had filed a request (pdf) earlier on Friday asking the court for an order to log, segregate, and not take any actions over mail-in ballots received after Election Day.

The Republicans argued that the order was necessary because it was unclear whether all 67 county boards of elections were following Boockvar’s guidance issued on Oct. 28 (pdf) on ballot segregation. The filing stated that while 42 counties confirmed that they would follow the guidance, the 25 remaining counties had not responded to whether they were segregating late-arriving ballots.

Moreover, Boockvar’s guidances are not legally binding on the county boards of elections, which means the counties may choose not to follow the guidance, the party added.

The Republicans also raised concerns that Boockvar had reserved the right to change her guidance or to provide further direction over the ballots. They said that the secretary had done so when it issued new guidance on Nov. 1 (pdf) directing county boards to count late-arriving ballots.

“In short, an order from the Court is badly needed. But given some county boards’ refusal to confirm that they are segregating ballots and the Secretary’s changing guidance, an order requiring segregation of ballots may not suffice to preserve RPP’s appellate rights,” the Republicans wrote.

“An order at this juncture is necessary to preserve this Court’s jurisdiction to resolve this matter on the merits, as well as its ability to enter an appropriate remedy for this general election,” they added.

The Supreme Court has yet to decide on whether to review the case at hand.

He also directed any responses to the application by 2 p.m. Nov. 7.

END
2.  Saturday
Ladies and Gentlemen: this is a biggy!! The crooks used a computer system known to be defective in tallying votes  (Dominion Computer System). You will eventually see that Dominion Computer Systems is owned by Pelosi’s husband and Diane Feinstein’s husband. It is used in 29 states of which 25 are democratic states
(Andrea Widburg/American Thinker)

In 30 States, A Computer System Known To Be Defective Is Tallying Votes

Update (1100ET): Further down the ‘Dominion Voting System’ rabbit-hole, Politico reports that a technology glitch that halted voting in two Georgia counties on Tuesday morning was caused by a vendor uploading an update to their election machines the night before, a county election supervisor said.

Voters were unable to cast machine ballots for a couple of hours in Morgan and Spalding counties after the electronic devices crashed, state officials said. In response to the delays, Superior Court Judge W. Fletcher Sams extended voting until 11 p.m.

The counties use voting machines made by Dominion Voting Systems and electronic poll books — used to sign in voters — made by KnowInk.

Neither Dominion nor KnowInk responded to a request to comment. A spokesperson for the secretary of state’s office also did not respond to follow-up questions about who uploaded the dataset and whether it had been reviewed and tested by anyone beforehand.

*  *  *

Update (1045ET): Probably nothing…

*  *  *

As American Thinker’s Andrea Widburg detailed earlier, when Kyle Becker heard about the “glitchy” computer program in Antrim County, Michigan, the one that tried to give 6,000 Trump votes to Biden, he starting doing research into the system. He ended up finding an amazing amount of highly disturbing information. The Dominion system has been known for some time to be defective, yet 28 states use it. This post is a compilation of Becker’s information, both in his own tweets and in one other person’s tweet, about what’s going on with that system:

This next tweet is censored because, even though Becker states only facts, Twitter wants you to know the facts don’t matter. Be sure to click through to read his tweet. Twitter is evil, but it effectively owns the public square:

I generally recommend Becker’s Twitter feed. He has some interesting observations about the weird anomalies in the election. Here are just two examples:

What I find most disturbing is the impunity with which Democrats are gaming the system. They’re not even trying to cover their tracks. They are 100% certain that there will be no consequences for their actions. They know that the media, which should be a watchdog on behalf of American citizens, is actually an arm of the Democrat party that will do everything necessary to cover for Democrat election crimes.

end

SATURDAY

Now we know the two softwares used in the hijacking of the election:

1. Hammer program

2 Scorecard

all derived from the Dominion System

My understanding is that the FBI are now on the case. Three million votes were changed.

The following Fox news story with Lou Dobbs interviewing Sidney Powell

tells the story

I will put my money on Trump right now

end
STORY NO. 4//the big story!!
Dave Janda interviews Lt. General McInerney who describes that the Dems have inserted a program called Dominion and this program has back doors which will allow the crooks to change votes. This is the story that introduces Scorecard and Hammer. The interview was done prior to the Nov 3 vote
(Dave Janda)

This covert technology is called Operation Scorecard, and it was built by the CIA to surreptitiously steal elections in targeted countries. — This could be very interesting !!

Dave Janda of Operation Freedom (www.DaveJanda.com) has unleashed a bombshell story with huge implications for Tuesday’s elections. Janda’s guest in his latest broadcast is a former high-level intelligence official (Lt. Gen. Tom McInerney) who warns that the Dems and the CIA have put in place a mechanism which can alter the voting results of electronic voting machines in key swing states (like Pennsylvania) that will determine the outcome of the election.

This covert technology is called Operation Scorecard, and it was built by the CIA to surreptitiously steal elections in targeted countries. Now, that technology is being turned against the United States of America and is about to be activated on Tuesday to steal the election for Biden, explains Janda’s guest.

YouTube banned the interview, but others uploaded it to Brighteon.com, so you can watch it here:

Brighteon.com/37f33814-f323-4c7a-9f19-90588161b4fd

As we reported earlier, the Dominion software intercepts voting machines and alters votes to make sure Joe Biden always has roughly a 3% victory margin, no matter what the original votes.

end

Saturday//the big story/\Breitbart 

This interview with Lt Gen McInerney was done three days before the election. Here he warns of the Dominion software operation in 29 states that will steal votes from Trump and put them in Biden’s favour.  Please keep in mind that the hard copy of the votes will still show Trump

(JD Rucker/Gateway)

‘Hammer’ and ‘Scorecard’: Lt. Gen. McInerney explains the election hack by Democrats

It’s one of those blockbuster accusations that almost seem to crazy to believe. But we’re seeing it happening right before our eyes in Michigan and Wisconsin. The President must act.

What’s happening with the election? As one might normally say, “it’s anyone’s guess.” Except, it isn’t. We have a very good idea of exactly what’s happening. The Democrats are either cheating or powers above them are cheating on their behalf. Either way, the election is in the process of being stolen if we’re to believe Lt. Gen. Thomas McInerney during his most recent interview with Two Mikes.

The General described “Hammer” and “Scorecard,” a pair of programs initially designed for the CIA before being privatized by Deep State players from the Obama administration. We explained how they work in an article last week, but the gist is this: “Hammer” or “THE HAMMER” is a counter-intelligence surveillance program used to spy on activities on protected networks (like voting machines) without detection while “Scorecard” is a vote-manipulation application that changes votes during transfer. It’s the least detectable form of election manipulation because it works during data transfer between voting stations and data storage hubs. Unless both sides are looking for irregularities, it’s impossible to catch. If nefarious forces had people on one side or the other (or both) during data transfer, it cannot be exposed.

The day before the election, General McInerney spoke to Two Mikes about the details surrounding “Scorecard” and called on the White House and the Trump campaign to take action before voting started.

What we’re seeing happening in Michigan and Wisconsin have all of the trademarks of a “Hammer” and “Scorecard” operation. As I noted earlier, the fix is in. The General talked today with Two Mikes once again to give an update and to call on the White House to act immediately before the election is fully stolen.

This is the type of blockbuster information the left and even many on the right refuse to report. We see with our own eyes how “Hammer” and “Scorecard” are being used in Wisconsin and Michigan. Will the President let it fly?

end

Story NO 5

important:

Hammer and Scorecard explained

Attachments area
Story no 6/Sunday
News starting to get out:  Sidney Powell hired by Trump.  He now states that they have identified 450,00 ballots that miraculously only have a vote for Biden.  She will eventually state that 5 million votes have been altered.
(Sidney Powell/Maria Bartiromo fox news/Tom Fitton/Hoft/Gateway)

“We’ve Identified 450,000 Ballots that Miraculously ONLY have a Vote for Joe Biden” – Sidney Powell Drops a BOMB on Sunday Morning Futures (Video)

https://www.thegatewaypundit.com/2020/11/identified-450000-ballots-miraculously-vote-joe-biden-sidney-powell-drops-bomb-sunday-morning-futures-video/

Attorney Sidney Powell joined Maria Bartiromo on Sunday Morning Futures this morning to discuss the latest legal battles by the Trump campaign focusing on Democrat fraud and corruption.

During her interview Sidney dropped several bombs including this: That Democrats manufactured 450,000 votes in battleground states that miraculously ONLY have a vote for Joe Biden.

Sidney Powell: There has been a massive and coordinated effort to steal this election from We The People of the United States of America to delegitimize and destroy votes for Donald Trump. To manufacture votes for Joe Biden. They’ve done it in every way imaginable, from having dead people vote in record numbers, to absolutely fraudulently creating ballots that exist only for voting for Biden. We’ve identified over 450,000 ballots that miraculously only have a vote for Joe Biden on them and no other candidate. If you look at Florida where things were done right you can see that that is how the rest of the country should have gone. But they also used an algorithm to calculate the number of votes they would need to flip. And they used computers to flip those votes from Trump to Biden and from other Republican candidates to their competitors also.

We reported earlier on the missing down votes in the battleground states.

TRENDING: “This Felt Like a Drug Deal!” – Asian-American Ballot Observer in Detroit Describes Mysterious Van Dropping Off 61 Boxes of Ballots at 4 AM (VIDEO)

Via Sunday Morning Futures:

end
Story No 7
A  must see.  The Lt General now outlines live how the votes were altered and thus,..
how the fraud occurred!!
end
Sunday Story no 8
Tom Luongo lashes out at the Democrats for stealing the election
(zerohedge)

Livid Luongo Lashes Out At Democrat “Depravity” Playing Out In Real-Time

Authored by Tom Luongo via Gold, Goats, ‘n Guns blog,

It is one thing to know your opponents have no soul. It is quite another to watch in real time their depravity play out with gleeful disdain.

Anyone saying that what is happening right now in Georgia, Pennsylvania, Michigan etc. is not a conscious effort to rig an election is either a victim of propaganda or being willfully obtuse.

Because they told us this is what would happen. Through the Transition Integrity Project and bread crumbs left throughout the campaign, we knew it would come to this.

For weeks I’ve been saying I hope Trump’s performance is strong enough and his coattails long enough to preclude the Democrats and The Davos Crowd from trying to pull off the theft of the election.

That they would see the magnitude of the problem in front of them and be stopped short by little things like math.

And then realize that even if they did try and cheat it would be so transparent that nothing good for them would be gained by it. But they didn’t listen.

Trump almost pulled it off. His numbers across the board were excellent, stunning even given everything that’s happened.

He may yet pull this out and I support any and all efforts to do so, but it is looking quite grim today.

The potential is there for the Republicans to pick up as many as twelve seats in the House while holding the Senate if not picking up a seat, depending on how the courts rule on the already well-documented fraud.

Coattails that long are prima facia evidence that what’s happening with the presidential election is fraud. I won’t go into the list of red flags here, others have done a far better job (and are, frankly, more entertaining), but they are big enough and red enough to get even the laziest, porn-besotted bull in the world angry.

And that’s what should be scaring the crap out of everyone on ‘the Left’ today. Because as we heard yesterday, with coattails that long and the amount of obscene behavior on display, the remaining members of the Democratic caucus in the House are scared… and not just for their political lives.

Speaker Nancy Pelosi was in damage-control mode, saying “but we held the House” — which they were supposed to expand their majority in — and are “on track to win the presidency,” which no one will take even remotely seriously.

I’ve had visions of seeing Pelosi dragged out of the Capitol by her expensive dyed hair choking on her dentures while being arraigned for sedition, but her getting beaten with the ‘awesome power of the Speaker’s gavel’ and lynched by her own caucus for incompetence will be even more delicious.

At around 2am Tuesday evening I realized that they were actually going to do this and I texted a friend the next morning. His response?

“Civil war it is then.”

There can be no other response to this from men and women of character. Exhaust every legal means possible, certainly, but remember that the courts are as corrupt as the county governments. Fear of reprisal makes men weak.

The one thing Trump said in his post-election remarks that rang so true and with me and should ring true with every libertarian-leaning person (left or right) alive, that the process itself is corrupting. It corrupts everything it touches.

Four years of the Democrats and the Media screaming about Russian collusion and undermining the legitimacy of Donald Trump inspired thousands of people to become corrupt poll workers, mailmen, supervisors of elections, party operatives and the like.

And they obviously feel justified in this. They are, after all, the heroes of their own stories whose motives are pure and whose hearts are in the right place.

If we just get rid of Orange Man Bad, everything wrong with America will be gone. Scapegoating is as old as mankind but it doesn’t work anymore now that we’ve internalized the story from the scapegoat’s point of view, Christ.

So, all they have now is the unquenchable envy of Marxism which burns until it consumes everyone in retribution or they are put down like rabid dogs. That’s what is on display in these counting centers.

On the other hand, even Trump’s detractors had to admit the guy did inspired work to try and bring as many people under his tent as possible. To right the wrongs they see in the most non-violent way possible, voting.

But if that’s not good enough, if the message sent wasn’t strong enough through the ballot box, then that lesson will be taught in a far uglier way.

This is why I excoriated the libertarians the other day. I could see this coming. Either cooler heads prevail or the grievances get settled with violence. It’s our job to be the voice in between, not sit on the sidelines like high school band nerds sitting through a football game.

From a market perspective the threat of a marginally-empowered Harris presidency with he slimmest House majority any party has held in decades and a divided Senate means nothing gets done until the mid-terms.

And any attempt by Harris and Obama to legislate through Executive Order will result in even more dramatic events than we’ve seen to date, including secession.

This is why Bitcoin, gold, silver and U.S. Treasuries exploded to the upside. Big money moved into the most liquid assets, UST’s, while the marginal flow piled into safe havens and those worried about cross-border capital controls are running into Bitcoin and cryptos.

Everyone is holding their collective breath while we grind towards the Great Reset with most of the first world either under lockdown over last year’s flu or paralyzed by political shenanigans which makes the U.S. look like Venezuela.

The rising euro is a function of the lockdowns and the local need for liquidity. The spasming bonds markets blew out a lot of carry and interest rate trades this week. While the dollar looks like it’s getting killed, what’s really happening is trades betting on Harris destroying capital have reversed.

And the focus now turns to the wholesale destruction of European economies. Oh well, Europe was a good thing while it lasted. Enjoy the return of feudalism, folks, maybe there will be something left for me to visit before I die.

We still have our guns, FYI.

And this is why Trump isn’t going anywhere. The Deplorables now have to become The Ungovernables. No more negotiations, discussions, turning the other cheek, etc.

Ungovernable. Just say no to Commies.

Hey man, don’t let the midwit, white women off the hook there… in this Civil War race has nothin’ to do with it.

Because no matter what vote totals you manufacture or political/judicial arms you twist no one can rule for long without the consent of the governed.

This is not a LARP nor a drill. It is a simple statement of fact.

If the men who keep the engine of the world running refuse to show up one day, the God of Power the Marxists all worship will vanish like Hillary’s emails.

Ayn Rand wasn’t wrong about everything, folks.

The legal case is being built now to go to the State Legislatures, who are the ones who actually decide whose electors go to the Electoral College, and invalidate the votes in Pennsylvania, Georgia, Wisconsin and Michigan, at a minimum.

Getting those Republican-controlled legislatures to throw out the suggested results of a tainted election is exactly why the Electoral College exists. It is the last defense against mob rule and the corrupting nature of politics. The commies in the DNC and The Davos Crowd don’t like to hear that and frankly don’t care but that is the reality of it.

That’s Trump’s path to the presidency at this point, because the votes will be tallied to ensure that he not only loses but lose by a large enough ‘electoral vote’ majority to nullify any rulings by the Supreme Court.

Pelosi is prepared to invoke the 20th Amendment if there is no resolution on Inauguration day, January 20th through an act of Congress. This is why many House seats have not been called even though they are over.

She made her choice. So did the all the people currently engaged in this theft. Now the nature of the State is clear for a majority of people to see.

Civil War it is, then. Molon Labe.

*  *  *

Join My Patreon, you know the drill. Install Brave, ditto

end

STORY NO 9/SUNDAY

Wisconsin poll workers allegedly altered thousands of invalid ballots

(zerohedge)

Wisconsin Poll Workers Allegedly Altered Thousands Of Invalid Ballots: Report

Poll workers in Wisconsin – a state Joe Biden won by just over 20,000 votes – illegally filled out witness information on thousands of otherwise-invalid mail-in ballots from across the state,according to to WISN, citing multiple sources to the “Dan O’Donnell Show.”

Absentee ballots are required to be signed by a witness, who must also list their address – or the ballot is considered invalid.

According to the report, the Wisconsin Elections Commission (WEC)told poll workers to ‘add a missing witness address’ to a ballot – while some poll workers allegedly took it one step further by signing for non-existent witnesses. In doing so, the workers may have invalidated thousands of ballots.

County and municipal clerks and poll workers across Wisconsin may have unlawfully altered witness statements on thousands of mail-in ballots across the state, “The Dan O’Donnell Show” has learned.

Wisconsin Statute 6.86 provides that an absentee ballot must be signed by a witness, who is also required to list his or her address. If a witness address is not listed, then the ballot is considered invalid and must be returned to the voter to have the witness correct.

Instead, multiple sources tell “The Dan O’Donnell Show,” municipal clerks and vote counters across the state simply filled out witness signatures themselvesActing on false and unlawful advice from the Wisconsin Elections Commission (WEC), these clerks may have inadvertently invalidated thousands of absentee votes. –WISN

“The statute is very, very clear,” said retired Wisconsin Supreme Court Justice Michael Gableman – who served as a Milwaukee poll watcher on Election Day. “If an absentee ballot does not have a witness address on it, it’s not valid. That ballot is not valid.”

“In defiance of and direct contradiction to the statute, the Wisconsin Elections Commission gave guidance–that is, cover–to all 72 county clerks and turned the statute on his head,” Gableman added. “They said, ‘Gee, we know the law says an absentee ballot without the witness address is not valid, but county clerk, you have a duty to go ahead and look up on your own the witness’ address if there’s no address on the absentee ballot.”

According to the report, the WEC informed voters that “your witness must sign and provide their full address (street number, street name, city) in the Certification of Witness section,” adding “if any of the required information above is missing, your ballot will not be counted.”

On October 19, the WEC instructed clerks to ‘simply fill in the witness address themselves so that the ballot would not be invalidated.’

“Please note that the clerk should attempt to resolve any missing witness address information prior to Election Day if possible, and this can be done through reliable information (personal knowledge, voter registration information, through a phone call with the voter or witness),” wrote the WEC, adding “The witness does not need to appear to add a missing address.”

White House Chief Of Staff Mark Meadows Tests Positive For COVID-19 As Battle Over Vote Count Rages

Update (0930ET): NYT’s Maggie Haberman has just reported that the number of people infected in White House round two has climbed to 7.

* * *

As President Trump’s chances of winning Pennsylvania appeared to slip away after the strategy of leveraging the courts failed to work out, the president’s chief of staff, Mark Meadows, has tested positive for COVID-19, putting him out of action at the worst possible time.

Bloomberg and a handful of media outlets broke the news, citing unnamed sources familiar with the matter.

Despite having only just recovered from the sometimes deadly virus, President Trump embarked on an intense schedule of 4 or sometimes even more rallies, meetings, interviews and events. Though Meadows is technically West Wing staff chief, and isn’t really involved with the campaign, the overlap between campaign and West Wing personnel can be substantial.

Per BBG, Meadows has remained “involved” with the campaign via the effort to challenge vote totals in certain states.

Also, at least four other White House officials have been infected recently, including Cassidy Hutchinson, one of Meadows’s closest aides. Senior Trump campaign aide Nick Trainer is also presently infected, according to Bloomberg’s sources.

END

AOC at war with the DNC

(zerohedge)

AOC vs. DNC: Ocasio-Cortez Threatens To Quit Politics, Slams “Hostile” Dems For Not Being Progressive Enough

Just hours after the mainstream media has anointed Joe Biden as President-Elect, Rep. Alexandria Ocasio-Cortez seems to be having some type of meltdown. With Trump on his way out of office, AOC has turned her ire against a new cause: Democrats that aren’t moving far enough to the left.

Perhaps indifferent about the fact that the Presidential election seems to have swung in her favor since there was no “blue wave”, AOC said this weekend that Democrats who lost House seats “relied too heavily on outdated Democratic National Committee campaign tactics,” according to Fox News.

She called those who lost seats “sitting ducks” and refuted the claim that some Democrats thought the ideas of defunding the police and the Green New Deal cost moderates their seats; and made the Presidential race extremely close.

AOC told the New York Times in an interview: “Our party isn’t even online, not in a real way that exhibits competence. And so, yeah, they were vulnerable to these messages, because they weren’t even on the mediums where these messages were most potent. Sure, you can point to the message, but they were also sitting ducks. They were sitting ducks.”

She continued: “There’s a reason Barack Obama built an entire national campaign apparatus outside of the Democratic National Committee. And there’s a reason that when he didn’t activate or continue that, we lost House majorities. Because the party — in and of itself — does not have the core competencies, and no amount of money is going to fix that.”

She also lashed out at the Democratic Congressional Campaign Committee: “If you are the DCCC, and you’re hemorrhaging incumbent candidates to progressive insurgents, you would think that you may want to use some of those firms. But instead, we banned them. So the DCCC banned every single firm that is the best in the country at digital organizing.”

And she also took at shot at the leadership of her party: “The leadership and elements of the party — frankly, people in some of the most important decision-making positions in the party — are becoming so blinded to this anti-activist sentiment that they are blinding themselves to the very assets that they offer.”

“I need my colleagues to understand that we are not the enemy. And that their base is not the enemy. That the Movement for Black Lives is not the enemy, that “Medicare-for-all” is not the enemy. This isn’t even just about winning an argument. It’s that if they keep going after the wrong thing, I mean, they’re just setting up their own obsolescence,” she said.

AOC also told the New York Times she could consider quitting politics if Democrats continue to be “hostile” toward progressive causes. And, by that, we’re sure she means Marxist causes.

She also “might quit politics,” according to The Independent. She stated: “I genuinely don’t know. I don’t even know if I want to be in politics. You know, for real, in the first six months of my term, I didn’t even know if I was going to run for re-election this year.”

But, ultimately, we all know she did: “I chose to run for re-election because I felt like I had to prove that this is real. That this movement was real. That I wasn’t a fluke.”

“Externally, there’s been a ton of support, but internally, it’s been extremely hostile to anything that even smells progressive,” concluded, apparently bereft of the idea that perhaps even establishment Democrats don’t find full-on socialism appealing. 

end

Jay Valentine of American Thinker voices his concern on the election

(Jay Valentine)

This Election Is Not Over… And The Media Knows It

Authored by Jay Valentine via AmericanThinker.com,

Like many, I spent the last few nights waking up at 2:03 A.M., no reason, then looking at my phone for news, any news, that might be positive for President Trump.  I survived on Rush, Bongino, Mark Levin.  When the news continued to be ugly, I even checked in on ridiculous bloggers promising that ballots were watermarked and D.J. (our household name for a president we love) was actually launching a sting on the Deep State.

Enough already.  Stop the madness.  

Hey, I have a degree in statistics, and I have some level of critical thought.  If there is such pessimism in my tribe, I am not going along.

So today, I started to dig into the numbers, and as I did, I fought my confirmation bias at every step.  

I realized that I, like millions of others, had been numbed into despondency by the overwhelming press, media, social media push to certify President-Elect Biden.  (I put that in there so you can see how repellent it is.)

Hey guys, this thing is not only not over; it is scary for Biden.  I mean really scary, and most of all, the media know it.  Thus, the rush to get everyone in line with the narrative that a 78-year-old, early-dementia former V.P., who could not draw a crowd larger than a dozen, just beat D.J. in a fair election.

Process that for a moment.

Start with Pennsylvania.  Biden, as of this writing, is at 290 electoral votes.  Pennsylvania is 20.

I read the Justice Alito opinion, and it is pretty clear that he wants the after election night at 8:00 P.M. votes separated for a reason.  Biden is going to lose at the Supreme Court, and they know it.  Four justices already said the Pennsylvania Supreme Court cannot adjust voting rules.   A new arrival, Justice Barrett, says she is there to apply the rules in the Constitution.  OK, wanna bet she does?

Remove the after 8:00 P.M. ballots, and Biden loses Pennsylvania.  Biden 270.

Let’s visit Nevada.  I have lots of friends in California who have condos in Nevada to evade state taxes.  There are not a couple of people doing this; there are tens of thousands.  Everyone knows it, and California seeks them out.

Our old pal Harry Reid knows it as well, and he apparently has them voting in droves in this election.  Probably not a big D.J. constituency.  Within 72 hours of the election, the Trump team found, validated over 3,500 of them.  I do not suspect that Trump’s people stopped counting.

Every one of these is a ballot reduction for Biden

Nevada, as of now, is well within reach for DJ and the Trump team — particularly when the California crowd is reduced.  And a few of them may testify since a false vote is a very bad thing, with jail time if convicted.  Maybe a bigger story here.

Remember where we are, people.  Biden is at 270 after a highly probable Supreme Court decision (read Alito and concurring opinions).

Lose Nevada, lose the election.

But wait: it gets better.

Let’s visit Wisconsin.  Right now, it is 20,000 votes in Uncle Joe’s direction.  Lots of stories out there, well below the Google fold, that there are way more Wisconsin votes than there are registered voters.  OK, maybe the dead can vote up there — probably a Midwest thing.

Well, last night, we found that Wisconsin election clerks were told, and followed the direction, to modify mail-in ballots and fill in the blanks where witnesses left out critical info.

I am sure it was just a good customer service thing and they meant no harm.  The problem is every such ballot is now toast.

There were “thousands” of such prima facie wrongful votes.  Oops.  Biden up 20,000 — now that number is in question.  No more truckloads of votes coming in, so every ballot D.J.’s team eliminates gets President-Elect Biden on step closer to former V.P. Biden who lives in a basement.  Not good here.

North Carolina.  That one pretty much looks like as though it is over and D.J. won it.  Fox News is rumored to call it for Trump around April 2021.

Remember where we are here.  Biden is probably going to lose Pennsylvania, so if he loses even one state, even one Electoral College vote, ouch!

Either D.J. wins outright, or it goes to the House, which means that D.J. has four more years.

We’re not done yet.

Michigan.  Oh, yes, the land of the “glitches” in the voting machines.  Six thousand votes for Trump given to Biden in one of 47 counties where that software is used.  About 150,000 votes in Biden’s favor right now.

Google the 130,000 Biden votes that showed up in the middle of the night, and you can see how the wonderful people at Google are fact-checking this “debunked” story.  In fact, for fun, Google “Michigan voter fraud,” and you get literally three pages of “this was fact checked and proven to be false.”  Why would Google be so assiduous?

They too see that if Amy votes with the four, Biden is one vote away from the basement.

Lawsuits in Michigan and the other states are being launched, and discovery will take place.  Google will not be there.

Voter fraud is kind of like larceny.  A little is OK.  It is even kind of entertaining.

Dead people have been voting for a hundred years in Democratic cities.  It is such a constant that one would think the Republican Party would consider a Dead Voter Outreach program to get their share.

But voter fraud on this scale is just not sustainable.  It does not pass the common sense test. 

We have bloggers with lots of time on their hands going through voter rolls and showing that person after person who voted in a swing state also fought in the Civil War or maybe the War of 1812.  It was funny at first, but the overwhelming number now goes beyond humor and rubs our faces in it.

I think D.J. has to swing one state.  Actually, one electoral vote.  Not only is this thing not over, but the Biden team must be sweating bullets.

Voter fraud at scale seemed like a really cool idea until D.J. went to the mattresses.  Now that he is fighting it out one voter at a time, with the Supreme Court likely to create the starting point at Biden 270, Biden has everything to lose.

Perk up!

end

McConnell backs Trump for recounts as he raised questions on irregularities

(zerohedge)

McConnell Backs Trump In Push For Recounts, Says Shouldn’t Accept Election Results “From The Media”

Although you probably won’t read much about it in the New York Times or Washington Post, support for President Trump pressing ahead with demands for recounts, or otherwise contesting the outcome of last week’s election, appears to be growing among top-ranking Republicans.

Lindsey Graham, Ted Cruz and others raised questions about various irregularities (which actually aren’t all that uncommon in American elections) earlier, and the GSA, the component of the federal government bureaucracy that oversees transfer of power and all that comes with it (moves in and out of the White House etc), said earlier that there would be no transfer of power until a “clear winner is clear based on the process laid out in the Constitution.”

Now, Sen Majority Leader Mitch McConnell, arguably the most powerful Republican in Washington (perhaps even moreso than President Trump), has finally spoken up, and he’s backing President Trump.

Sen. McConnell said Monday that Trump has every right not to accept the final results based on little more than media reports, and that President Trump is within his right to request vote recounts and file legal challenges to address irregularities, he said in opening floor comments.

The Kentucky Republican, who fended off a well-financed Democratic challenger, added, with perhaps a touch of sarcasm, that last week’s election “appears to have been free from meaningful foreign interference”.

Earlier, McConnell said before the vote that “all legal ballots must be counted, all illegal ballots should not be counted,” and McConnell said again Monday on the Senate floor that “the process must be transparent.”

The implications of these comments are momentous, and they drive home the fact that, as we wait to hear more from President Trump and the rest of the GOP establishment, this happy-go-lucky straightforward transition being priced in by the market hasn’t been finalized quite yet. The markets now appear to agree, as US equities slipping headed into the close after what has been a wild ride higher since this morning’s vaccine news. With minutes to go, the VIX is green for the day, and small caps might be headed for one of their biggest intraday reversals ever.

Meanwhile, the MSM is already explaining away McConnell’s comments as more aggressive rhetoric meant to fire up the base in Georgia ahead of the Jan. 5 runoffs, where two GOP stalwarts will again defend their seats.

McConnell needs those seats to preserve his majority, and President Trump’s legacy. All the more reason to put up a fight.

After all, with more Republicans stepping up with criticisms and complaints, perhaps there’s more “‘there’, there” than the American people were led to believe.

end

Pennsylvania and Nevada

This ought to be fun:  the extremely democratic partisan PA Supreme court is to hear the case over 800,000 invalid votes.  Trump will lose in this court and then challenge their decision to the USA Supreme court.

PA Supreme Court To Hear Challenge Over 800K ‘Invalid’ Votes; Nevada Poll Worker Attests To Outright Fraud

The Pennsylvania Supreme Court has agreed to consider a GOP challenge claiming that Republican observers were unable to oversee ballot counting, thereby invalidating hundreds of thousands of votes, according to Reuters.

The decision to hear the case is separate from a challenge to the PA Supreme Court’s ruling regarding ballots received after election day.

The news comes as Rudy Giuliani says at least 50 GOP witnesses say they were ‘corralled’ by Philadelphia election officials on election day and ‘weren’t able to see a single ballot’ counted behind closed doors. He claims that the roughly 800,000 votes counted after that ‘are invalid.’

Giuliani detailed the claims in an interview with Newsmax – where he announced that the first of five lawsuits will be filed on Monday in Pennsylvania ‘challenging the entire vote on a number of grounds.

“In this lawsuit we have over 50 witnesses who will say that the vote count, particularly once the election ended that night and President Trump was ahead by 800,000 votes in Pennsylvania, the count thereafter was unlawful,” said Giuliani, adding: “It was counted behind closed doors. Republicans were not given an opportunity to see any of the mail-in ballots as required by Pennsylvania law. Pennsylvania law requires that for a ballot to be valid, a mail ballot to be valid, it has to be observed by both sides.”

“We have 55 Republicans ready to testify that they were uniformly corralled and weren’t able to see a single ballot. They saw a lot of activity, but no ballot. Every one of those ballots that was cast that was not examined, is now an illegal ballot – an unlawful vote. -Rudy Giuliani

Giuliani continued: “Not just in Philadelphia, however, precisely the same thing was done in Pittsburgh. The only difference is – when a court intervened in Philadelphia they didn’t follow the court order, and our people were threatened with arrest if we tried to look at the ballots. Whereas in Pittsburgh, halfway through, they allowed some observation. So the numbers of unlawful ballots in Philadelphia are about twice the number in Pittsburgh.”

Over the weekend, Giuliani told Fox News host Maria Bartiromo “This is documented on videotape. There are upwards of 50 witnesses. And this will be the subject of a lawsuit that we file tomorrow for violating civil rights, for conducting an unfair election, for violating the law of the state, for treating Pittsburgh and Philadelphia different than the rest of the state, which is an equal protection violation, which goes under Bush vs. Gore.

Meanwhile in Nevada, a Clark County poll worker has claimed in a sworn affidavit that proof of residence data was fabricated for illegal voters, among other claims.

The whistleblower claims that they worked 13 out of 14 days during early voting ‘from October 17th – 30th,’ where they ‘had concerns over election polling place intimidation and voter fraud.’

Among the whistleblower’s claims:

  • Voters without valid ID were told to go to the parking lot and simply ‘make an appointment with the DMV’ – after which they were allowed to vote.

We were told by [redacted] (my team leader), and two other assistants to advise people who wanted to register to vote and did not have the proper Nevada ID/Driver’s license that they could go out in the parking lot and make an appointment with the DMV to get a Nevada ID/Driver’s License, and then bring in proof of their appointment confirmation (either a paper copy or show it on their phone to us) and then they would be registered.”

“We were told to add two zeroes (“00″) to the DMV confirmation number and put it where the Driver’s License/ID number was supposed to go when we filled in the registration form on line.”

  • A ‘Biden/Harris bus, tent, or table was in the parking lot’ with ‘speakers, dancers, music and other festivities’ and were offering ‘food, drink, and political memorabilia to voters.’

“Our team leader [redacted] had to go out several times a day to tell the Biden/Harris team they had to stay 100 feet from the location doors. As they would give folks signs to carry up to the door coming to vote. The Biden/Harris bus and/or van was there 7-8 days out of the 14 days.”

  • Unopened ballot envelopes were opened and filled out against the side of the Biden/Harris van.

“I personally witnessed two people handing multiple unopened mail in ballot envelopes to two other people who then opened and filled out the ballots against the side of the Biden/Harris van. The same two people who marked the ballots then put the marked ballots in official pink and white envelopes. These individuals were not poll workers.”

“By my final walking lap, there were 5 or 6 additional people who formed a human wall, which moved as I walked by, apparently in an attempt to block my view of the four people who were opening envelopes, marking ballots, and placing those ballots in the pink and white return envelopes.”

On Saturday, the Clark County Registrar of Voters, Joe Gloria, acknowledged that his office had received reports of potential voter fraud, but that they wouldn’t investigate them until after the election is completed.

“We do have some reports that have come in that we’re logging for reporting. But we’re definitely going to do an investigation, and we’ll deal with them once the canvass is finished,” said Gloria. “The votes are in the system at this point, so we’ll have to after the election, post-election, go after anything that’s been reported at this time.”

 end

iv) Swamp commentaries

TED CRUZ is correct:  If Dems win the Senate and if Trump cannot stop the illegitimate king from taking the throne, the USA will enter a socialist abyss.

(Steve Watson/Summit news)

Cruz: Prepare For “Socialist Abyss” If Dems Win Senate

Authored by Steve Watson via Summit News,

With a Senate runoff in Georgia potentially determining which party takes control, GOP Senator Ted Cruz warned that if the state falls to Democrats, along with the Presidency, Americans will face a “socialist abyss”.

In an appearance on Fox News, which has already called the presidency for Joe Biden much to the disgust of many Republicans, Cruz demanded that the rule of law be followed.

“At this point, we do not know who has prevailed in the election,” the Senator said, emphasising that “The media is desperately trying to get everyone to coronate Joe Biden as the next president, but that’s not how it works.”

“The media does not get to select our president. The American people get to elect our president,” Cruz urged.

“We’ve got numerous states that are very closely and vigorously contested — from Pennsylvania to Georgia to Arizona to New Mexico to Michigan to Wisconsin. In all of those states, there are serious disputes about the vote totals, and there’s a legal process to resolve those disputes,” Cruz declared.

“So at this point, we should allow the rule of law to operate. We should allow the legal process to move forward. And when that process is concluded, which it will be in a matter of weeks, we will know who prevailed in the elections,” Cruz added.

The Senator then warned of a scenario in which the Senate and the Presidency could fall to the Democratic Party.

“If we have a Chuck Schumer Senate and a Joe Biden presidency, they will pack the U.S. Supreme Court; they will end the filibuster; they will pass massive tax increases; they will pass the Green New Deal, destroying millions of jobs,” Cruz warned.

“If we have a Republican Senate, none of that happens,” he noted.

“If you want a check on Joe Biden, if you don’t want to go over the edge to the socialist abyss, Georgia is the big enchilada,” Cruz proclaimed.

Both Senate seats in Georgia will be contested in a run-off in early January.

The GOP currently holds 48 Senate seats, with Democrats on 46, in addition to two independents who are aligned with Democrats. The GOP leads in two states that are still counting votes, in North Carolina and Alaska.

With a majority of 51 seats needed to control the Senate, this means that Georgia is the key, with strategists estimating that $500 million could be spent on the two races there.

There has not been a Democratic Senator in the state for 20 years.

Senate Democratic leader Chuck Schumer told a crowd in New York over that weekend “Now we take Georgia, and then we change America”:

end
Trump fires Neo-Con//Deep Stater Esper
(zerohedge)

Trump Fires Defense Secretary Mark Esper

President Trump on Monday announced that Defense Secretary Mark Esper has been ‘terminated’ – and that the “highly respected Director of the National Counterterrorism Center,” Christopher C. Miller, will serve as Acting Secretary of Defense,” effective immediately.

Esper’s departure had been telegraphed for some time, with the Pentagon Chief going so far as to draft a resignation letter (albeit a common practice ahead of a potential presidential transition).

As we noted last Thursday, Esper was expected to be pushed out following the election. This also after protests and riots broke out on American streets through the summer. Esper reportedly strongly opposed Trump efforts to send active duty troops to hot spots that had seen widespread rioting and looting.

Esper had also been attempting to rename all US military bases bearing the names of Confederate leaders – such as Fort Bragg, Fort Hood and eight other Army posts – a move opposed by President Trump.

“As his tenure may be coming to an end, Esper is helping members of Congress draft legislation that will strip names of Confederate leaders from military bases in a move that could put him further at odds with President Donald Trump,” NBC wrote last week.

Trump supporters have welcomed the move.

v) King report/Courtesy of Chris Powell of GATA which includes the major swamp stories.

The BLS (October Employment Report): Total nonfarm payroll employment rose by 638,000 in October [580k expected], and the unemployment rate declined to 6.9 percent [7.6% expected]…the number of

unemployed persons fell by 1.5 million to 11.1 million… The labor force participation rate increased by 0.3 percentage point to 61.7 percent… The employment-population ratio increased by 0.8 percentage point to 57.4 percent he number of persons who usually work full time rose by 1.2 million to 123.6 million, and the number who usually work part time increased by 1.0 million to 26.2 million… The number of persons not in the labor force who currently want a job decreased by 539,000 to 6.7

million… 15.1 million persons reported that they had been unable to work because their employer closed or lost business due to the pandemic

    Employment in leisure and hospitality increased by 271,000… Professional and business services added 208,000… retail trade added 104,000… Construction added 84,000… Employment in health care and social assistance rose by 79,000… Employment in transportation and warehousing increased by 63,000… Manufacturing employment rose by 38,000… government employment fell by 268,000 The change in total nonfarm payroll employment for August was revised up by 4,000 from +1,489,000 to +1,493,000, and the change for September was revised up by 11,000 from +661,000 to +672,000… [Wages +0.1% m/m, +0.2% exp; Workweek 34.8 hours, 34.7 exp) https://www.bls.gov/news.release/pdf/empsit.pdf

 

Here’s where the jobs are — in one chart

https://www.cnbc.com/2020/11/06/heres-where-the-jobs-are-for-october-2020-in-one-chart.html

Liberal media applauded Stacey Abrams for challenging election results, condemns Trump for same thing – Abrams was praised by the mainstream media for refusing to concede after her 2018 loss

https://www.foxnews.com/media/liberal-media-applauded-stacey-abrams-for-challenging-election-results-condemns-trump-for-same-thing

The gas lighting of Americans on the election is of Biblical proportions.  The rush to declare Biden the president is attempt to preempt the potential news of court and state rulings that could change results due to massive vote fraud, voting system malfeasance and poll worker misconduct. The scheme is a psych op designed to get people to submit and relent.

Networks don’t get to decide elections!” – Rudy Giuliani    Until states confirm their vote and the Electoral College votes, the US Presidency is undecided or not official.

NPR’s @ckahn: Mexico’s President says he can’t congratulate any of the “candidates” yet in the U.S. election…. he was robbed once of an election … and he’ll wait for the entire process to finish

Here is solid summary of where we are and what’s ahead for the election process (A lot more is ahead!)

https://threadreaderapp.com/thread/1325135291791839232.html

@DavidJohnWeave: Lawsuits have been filed in the following States, SO THEY CANNOT CERTIFY Biden or Trump. The following Electoral Map includes ALL disputed States. 94 Electoral Votes are still in PLAY!   https://twitter.com/DavidJohnWeave/status/1325144088753041409

On Friday night, SCOTUS Associate Justice Alito ordered the State of Pennsylvania to segregate and separately count ballots that arrived after 8 PM on Election Day.  Pennsylvania ignored a previous SCOTUS order to segregate such ballots.  Pennsylvania Election Law Act 77 states that postal votes are valid only if received before 8:00 PM on Election Day.

Probably because Alito raised the odds that Trump wins PA and evidence of voter fraud in swing states is increasing, the MSM anointed Biden as president on Saturday.  This was done to try to force Trump to concede.  Of course, DJT stated he will continue to fight.  Last week, the NY Times tweeted that the media declares the president.  They had to withdraw the tweet after people excoriated them for the megalomaniacal and unconstitutional pronouncement (Harbinger of the scheme?).

@realDonaldTrump: “This is what we know. We have to go back to the state level and how this morass came to be in the first instance. The Governor, Wolf, and the State Supreme Court, flagrantly violated the Constitution of the U.S. The power to set these rules and regulations is vested in the Legislature. They just ignored that, ignored the Constitution. Now we bring it down to the counting houses, and outrageously, observers, who are the sentinels of integrity & transparency, were excluded. Pennsylvania has conducted itself in a horrible lawless way, and hopefully this will be corrected at the Supreme Court of the United States. Also, these late ballots past Election Day are illegal, exactly what the President has been saying. The Supreme Court, in extraordinary circumstances, has been able to render decisions in a matter of days.” Ken Starr, former Independent Counsel

 

@DineshDSouza: If the Supreme Court doesn’t fix this process, all future elections are corrupted and it’s hard to see how we have a democracy or even a country

@JamesOKeefeIII: Pennsylvania @USPS Whistleblower Richard Hopkins Goes Public; Confirms Federal Investigators Have Spoken With Him about Postmaster Rob Weisenbach’s Order to Backdate Ballots to November 3rd, 2020  https://twitter.com/JamesOKeefeIII/status/1324845160358940673

USPS postmaster accused of backdating ballots in PA shared video of Robert De Niro saying he wanted to ‘punch Trump in the face’   https://theiowastandard.com/usps-postmaster-accused-of-backdating-ballots-in-pa-shared-video-of-robert-de-niro-saying-he-wanted-to-punch-trump-in-the-face/

@PhillyGOP: Some 98,000 Pennsylvanians apparently “voted” for Biden but *no one else down the ballot*.  You tell us: are these real votes or fraudulent ballots desperately manufactured in the middle of the night to put Biden over the top?

Ex-DoJ official and current Gen’l Flynn attorney Sidney Powell, speaking on Fox’s “Lou Dobbs” on Friday night, said 3% of pre-election votes might have been altered by using the computer programs Scorecard.  Powell also alleges that Dems ran algorithms as the vote counts arrived to see how many votes they needed to manufacture to win and what states to utilize. (Video of Sidney at link)

https://twitter.com/Wizard_Predicts/status/1324859867430080513

On Sunday, Sidney Powell explained the alleged voting scam that utilized computer vote switching to Maria Bartiromo.  https://twitter.com/intheMatrixxx/status/1325469484128346112

Sidney Powell told Maria Bartiromo her legal team has discovered that “at least” 450k ballots in “key states” show a vote only for Biden and no other candidates.

Ex-NYPD Commissioner @BernardKerik: “Operation Scorecard” CIA-run vote theft software was running in EVERY swing state… “glitches” switched votes from Trump to Biden

‘Hammer’ and ‘Scorecard’: Lt. Gen. McInerney explains the election hack by Democrats

The General described “Hammer” and “Scorecard,” a pair of programs initially designed for the CIA before being privatized by Deep State players from the Obama administration…“Hammer” or “THE HAMMER” is a counter-intelligence surveillance program used to spy on activities on protected networks (like voting machines) without detection while Scorecard” is a vote-manipulation application that changes votes during transfer. It’s the least detectable form of election manipulation because it works during data transfer between voting stations and data storage hubs. Unless both sides are looking for irregularities, it’s impossible to catch. If nefarious forces had people on one side or the other (or both) during data transfer, it cannot be exposed…

https://noqreport.com/2020/11/04/hammer-and-scorecard-lt-gen-mcinerney-explains-the-election-hack-by-democrats/

Fox’s @kylenabecker: The election software system in Michigan that switched 6,000 votes from Trump to Biden is called “Dominion.” (Dominion Voting Systems) It is used in 30 states including: Nevada, Arizona, Minnesota, Michigan, Wisconsin, Georgia, Pennsylvania

Michigan county flips back to Trump, following repair of voting software glitch

Reliably GOP county had originally swung to Biden

https://justthenews.com/politics-policy/elections/following-repair-technical-glitch-michigan-county-flips-back-trump

 

@TrumpWarRoom: Michigan GOP Chair: Dozens of Michigan counties used the same software that caused 6,000 votes in one county to switch from Trump to Biden. “These counties that used this software need to closely examine their result for similar discrepancies.”

‘Computer Glitch’ Identified and Corrected in Oakland Cty, Michigan Led to Republican Winning His Race  https://www.thegatewaypundit.com/2020/11/another-computer-glitch-identified-corrected-california-led-republican-winning-race/?s=02

Corrupted Software that Stole 6,000 Votes from Trump in Michigan County — Shut Down for TWO HOURS in Red Counties in Georgia on Election Day   https://www.thegatewaypundit.com/2020/11/update-corrupted-software-stole-6000-votes-trump-michigan-county-shut-two-hours-red-counties-georgia-election-day/

Georgia election official: Machine glitch caused by last-minute vendor upload

Voting was delayed in two counties for two hours while the problem was fixed.

A technology glitch that halted voting in two Georgia counties on Tuesday morning was caused by a vendor uploading an update to their election machines the night before

    Voters were unable to cast machine ballots for a couple of hours in Morgan and Spalding counties after the electronic devices crashed, state officials said. In response to the delays, Superior Court Judge W. Fletcher Sams extended voting until 11 p.m.

        The counties use voting machines made by Dominion Voting Systems and electronic poll books — used to sign in voters — made by KnowInk… Ridley said that a representative from the two companies called her after poll workers began having problems with the equipment Tuesday morning and said the problem was due to an upload to the machines by one of their technicians overnight.

    “That is something that they don’t ever do. I’ve never seen them update anything the day before the election,” Ridley said. Ridley said she did not know what the upload contained… It’s not clear why other Georgia counties did not have the problems Morgan and Spalding had.

https://www.politico.com/news/2020/11/04/georgia-election-machine-glitch-434065

GA Secretary of State Brad Raffensperger @GaSecofState: Fulto[County, Atlanta] has discovered an issue involving reporting from their work on Fri. Officials are at State Farm Arena to rescan that work. I have a monitor & investigators onsite. Also sent Dep. SOS as well to oversee the process to make sure to secure the vote and protect all legal votes

@GretaLWall: Georgia Secretary of State Brad Raffensperger calls for a recount in the state.  Georgia Voting System Implementation Manager Gabriel Sterling says that recount is being conducting following “accidental” process anomalies.

Investigators Dispatched After Fulton County [Atlanta, GA] Discovers ‘Issue’ with Ballot Reporting

Brendan Keefe, chief investigator at Atlanta’s WXIA, says that the issue “*may* significantly affect the current Biden lead in Georgia.”…

https://www.breitbart.com/2020-election/2020/11/08/investigators-dispatched-after-fulton-county-discovers-issue-ballot-reporting/amp/

Nancy Pelosi’s [Ex] Chief of Staff Is Key Executive and Feinstein’s Husband a Major Shareholder at Dominion Ballot Counting Systems  https://www.thegatewaypundit.com/2020/11/developing-nancy-pelosis-chief-staff-chief-executive-feinsteins-husband-major-shareholder-dominion-ballot-counting-systems/

Dominion Voting System, under DELIAN Project, is a Clinton Foundation donor.

https://twitter.com/anzules_gomez/status/1324959254864941056/photo/1

The Clinton Global Initiative – The DELIAN Project: Democracy through Technology

In 2014, Dominion Voting committed to providing emerging and post-conflict democracies with access to voting technology… as many emerging democracies suffer from post-electoral violence due to the delay in the publishing of election results… Dominion Voting will support election technology pilots with donated Automated Voting Machines, providing an improved electoral process, and therefore safer elections… https://www.clintonfoundation.org/clinton-global-initiative/commitments/delian-project-democracy-through-technology

CBS Philly September 30, 2020 Laptop, Encrypted USB Drives Stolen from Philadelphia Election Machine Warehouse: Officials   https://philadelphia.cbslocal.com/2020/09/30/laptop-encrypted-usb-drives-stolen-from-philadelphia-election-machine-warehouse-officials/

Detroit city worker blows whistle, claims ballots were ordered backdated. FBI probing.

First specific allegation in Michigan of systemic acts of voting fraud.

https://justthenews.com/politics-policy/elections/detroit-city-worker-blows-whistle-claims-ballots-were-ordered-backdated

FINALLY: AG Barr Makes His Move

Attorney General William Barr finally made a decisive move on Thursday, to do something about the alleged election fraud, sending federal investigators to Michigan [Grand Rapids] to follow up on a startling admission from a Post Office whistleblower. The furious mail handler demands to know, “How are we going to have any integrity in this country if we are just going to let things slide?” The AG agreed and sent in the troops…  https://thegoptimes.com/finally-ag-barr-makes-his-move/

@mikeroman: In Philly suburbs “volunteers” are handling absentee ballots in the basement lunchroom of the counting center. The “election supervisor” LEFT! They don’t know his name? Are you kidding me?

https://twitter.com/mikeroman/status/1324858704722792448

Wisconsin State Assembly Speaker Robin Vos (GOP) has launched an Assembly Committee on Campaigns and Elections investigation into “mail-in ballot dumps and voter fraud.

Robin Vos directs Assembly committee with subpoena power to review election administration

“With concerns surfacing about mail-in ballot dumps and voter fraud, Wisconsin citizens deserve to know their vote counted. There should be no question as to whether the vote was fair and legitimate, and there must be absolute certainty that the impending recount finds any and all irregularities.”…

https://madison.com/wsj/news/local/govt-and-politics/robin-vos-directs-assembly-committee-with-subpoena-power-to-review-election-administration/article_d3d6594b-a180-56f9-a09d-dc633dc0a415.html

Milwaukee’s sky-high voter turnout raises questions, prompts lawsuit seeking explanation

City had many wards with 90% turnout on Tuesday; nationwide the rate has averaged 55%.

https://justthenews.com/politics-policy/elections/milwaukees-sky-high-voter-turnout-prompts-lawsuit-seeking-explanation

@NickAdamsinUSA: Poll workers in Wisconsin may have unlawfully altered thousands of mail-in ballots!

 

Administrative changes in Wisconsin election put tens of thousands of votes in question

From allowing clerks to fix spoiled ballots to permitting voters to escape ID rules, Wisconsin election officials took actions that were not authorized by legislature.

  • permitted local county election clerks to cure spoiled ballots by filling in missing addresses for witnesses even though state law invalidates any ballot without a witness address.
  • exempted as many as 200,000 citizens from voter ID rules by allowing them to claim the COVID-19 pandemic caused them to be “indefinitely confined.”
  • failed to purge 130,000 names from outdated voter rolls as required by law..

https://justthenews.com/politics-policy/elections/many-200000-wisconsin-residents-may-have-voted-absentee-without-having

 

There is Undeniable Mathematical Evidence the Election is Being Stolen

Statistical Impossibilities in Wisconsin and Michigan: In both Michigan and Wisconsin, vote dumps occurred at approximately 4am on Wednesday morning, which showed that Joe Biden received almost 100 percent of the votes, while zero percent went to President Trump… With absentee ballots, former vice-president Joe Biden was also 60 points [differential with DJT] in Pennsylvania and almost 40 points in Michigan According to the New York Times.  Comparably, Biden was only up single digits in absentee voting in most other battleground states. Wisconsin has not yet been reported…

    Biden’s Vote Tallies Violate Benford’s Law: According to some analysts, Biden’s Vote Tallies Violate Benford’s Law, as all of the other candidates’ tallies follow Benford’s law across the country, except for Biden’s when he gets in a tight race. Biden pretty clearly fails an accepted test for catching election fraud, used by the State Department and forensic accountants…

https://theredelephants.com/there-is-undeniable-mathematical-evidence-the-election-is-being-stolen/

In some Georgia counties, Biden had statistically improbable vote increases from 2016 (21%, 24%, 38%, 42%, 46%!). https://twitter.com/JackBeTrader/status/1324837144389705731

@realDonaldTrump: “We believe these people are thieves. The big city machines are corrupt. This was a stolen election. Best pollster in Britain wrote this morning that this clearly was a stolen election, that it’s impossible to imagine that Biden outran Obama in some of these states. [If you look at places like Cleveland or Chicago or New York none of this happenedWhere it mattered, they stole what they had to steal. ” @newtgingrich    https://twitter.com/LizRNC/status/1325490630676635652

@BrennaSpencer: Obvious why Biden didn’t campaign now… he already had the “votes”

@KelemenCari: Biden got fewer votes than Obama or Hillary in every state except: MI, PA, GA and WI

@EricTrump: Does anyone believe that Biden, a candidate who had a tough time filing a room, got 8.89 million more votes than Obama 2012? This while @realDonaldTrump set vote records never seen before in the Republican Party (achieved 7.5 million more votes 2016) and is “down”?

Georgia election officials say there are still 8,410 military and overseas ballots that could be counted if they arrive on time.  @Mareq16: Military Ballots Found In Dumpster in Georgia

https://twitter.com/Mareq16/status/1324840335768510464

Why Does Biden Have So Many More Votes Than Democrat Senators In Swing States?

In Michigan, for example, there was a difference of just 7,131 votes between Trump and GOP candidate John James, yet the difference between Joe Biden and Democratic candidate Gary Peters was a staggering 69,093.  In Georgia, there was an 818 vote difference between Trump and the GOP Senator, vs. a 95,000 difference between Biden and the Democratic candidate for Senator…

https://www.zerohedge.com/political/why-does-biden-have-so-many-more-votes-democrat-senators-swing-states

 

@ClimateAudit: there’s a pastebin list of 1361 people in MI over 100 who voted in election. Most appear to be dead. I did random check on one voter born in 1912.  “She” applied for absentee ballot on Jul 20, ballot sent on Sep 25, ballot received on Oct 21. She died in 1992.

https://twitter.com/ClimateAudit/status/1324586090897018880

 

Heed Jimmy Carter on the Danger of Mail-In Voting

‘Absentee ballots remain the largest source of potential voter fraud.’

https://www.wsj.com/articles/heed-jimmy-carter-on-the-danger-of-mail-in-voting-11586557667

Gov. @GregAbbott_TX: Texas swiftly processed more than 11 million votes & quickly announced winners across 2 time zones.  To ensure transparency we allow poll watchers from each party to participate in the voting & tally… What is happening in some states undermines trust in elections.

Cheater Caught on Camera? It Looks Like it But There’s an Explanation

This is a ballot that can’t be read by the machine so someone reads the votes to a second person fills in the ballot… [Who checks to ensure ballots are accurately transcribed and why is this even allowed?]

https://www.thegatewaypundit.com/2020/11/huge-cheater-caught-camera-pennsylvania-election-worker-caught-filling-ballots-half-hour-video/

@realannapaulina: Here’s video pulled from the Delaware County, PA live stream of a ballot worker filling out ballots.  https://twitter.com/realannapaulina/status/1324561809274265601

@SueMc473: Delaware County, PA – Is this legal? [Poll worker filing out or marking on ballots?]

https://twitter.com/SueMc473/status/1324498512793489409

@Harlan: Delaware County, PA. Two workers literally filling out ballots.  This thing is so crooked.

https://twitter.com/Harlan/status/1324667667299606529

@theca13: This woman has been doing this [filling out ballots] for an hour.  I filmed it and another 3 minutes on my Facebook account.  https://twitter.com/thejtlewis/status/1324557074349608962

@aubrey_huff: I can’t sign my sons up for little league without a birth certificate, or proper ID. But we can vote without one.

Real Clear Politics: The constitutional solution… under Article II of the U.S. Constitution, the state legislatures are solely responsible for determining how each state’s electors are appointed. If a legislature were convinced that the presidential election in that state was tainted, it could convene and pass an emergency resolution declaring the election null and void and then choose to appoint a slate of electors by fiat… Fortuitously, Republicans do control both houses of the legislature in Michigan, Pennsylvania, Wisconsin, Georgia and Arizona. Nevada alone among the contested states has a Democratic legislature. If legislators are convinced that the presidency has been wrested out of Republican hands through chicanery or corruption, they could set the matter right by exercising their constitutional prerogative… The republic is at stake, and that’s not just a nightmare. It’s reality.

https://www.realclearpolitics.com/articles/2020/11/06/the_kafka_election_finding_a_way_out_of_the_maze__144618.html

GOP Governor Kristi Noem @govkristinoem: If Joe Biden really wants to unify this country, he should wait until we can ensure that we had a fair election.

Ex-W Bush WH Press Sec @AriFleischer: Resist. Overturn. Boycott. Surveil. Leak. Impeach. And now they tell us it’s time to heal.  Where were they for the last four years?

Is The Pandemic Over? Liberals Rally to Celebrate Media Projecting Biden’s Victory

https://www.zerohedge.com/political/pandemic-over-liberals-rally-celebrate-media-projecting-bidens-victory

 

Centrist House Dems lash out at liberal colleagues, blame far-left views for costing the party seats

https://www.washingtonpost.com/politics/house-democrats-pelosi-election/2020/11/05/1ddae5ca-1f6e-11eb-90dd-abd0f7086a91_story.html

 

AOC vs. DNC: Ocasio-Cortez Threatens To Quit Politics, Slams “Hostile” Dems for Not Being Progressive Enough [House Dems have a Hobson’s choice: Cater to leftists or move to middle?]

https://www.zerohedge.com/political/aoc-vs-dnc-ocasio-cortez-threatens-quit-politics-slams-hostile-dems-not-being-progressive

 

Well that is all for today

I will see you TUESDAY night.

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