NOV 11/GOLD DOWN ANOTHER $13.10 TO $1864.10//SILVER DOWN 8 CENTS TO $24.26// GOLD TONNAGE STANDING AT THE COMEX INCREASES TO 15.922 TONNES//CORONAVIRUS UPDATE//ALL HONG KONG LAWMAKERS QUIT EN MASSE DUE TO MAINLAND CHINA STOPS ALL DEMOCRACY DISSENTS/// STATE OF GEORGIA BEGINS HAND COUNTS//TRUMP FILES COURT ACTION IN MICHIGAN//PLETHORA OF STORIES INDICATING FRAUD DURING THE ELECTION//SEEMS THAT THERE WAS NO WATER MAIN BURST IN ATLANTA//SWAMP STORIES FOR YOU TONIGHT AS WELL

GOLD:$1864.10 DOWN  $13.10   The quote is London spot price

Silver:$24.26  DOWN $0.08   London spot price ( cash market)

your data…

Closing access prices:  London spot

i)Gold : $1865.20  LONDON SPOT  4:30 pm

ii)SILVER:  $24.26//LONDON SPOT  4:30 pm

these people voted for Biden/Harris ticket!

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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  $1862.70   CLOSE 1.30 PM      SPREAD SPOT/FUTURE DEC   $1.30/ BACKWARD   // GOOD FOR EFP ISSUANCE

FEB GOLD:  1869.10 CLOSE 1:30 PM  SPREAD SPOT/FUTURE:  $.90 BACKWARD//

CLOSING SILVER FUTURE MONTH

SILVER DECEMBER  CLOSE:     $24.29  1:30  PM SPREAD SPOT/FUTURE DEC.       :   3  CENTS PER OZ  CONTANGO (   — NORMAL CONTANGO

SILVER MARCH CLOSE:  24.42/SPREAD SPOT/FUTURE:  16 CENTS

7 CENTS ABOVE NORMAL CONTANGO

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COMEX DATA

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

receiving today: 43/176

EXCHANGE: COMEX
CONTRACT: NOVEMBER 2020 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,875.400000000 USD
INTENT DATE: 11/10/2020 DELIVERY DATE: 11/12/2020
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
167 C MAREX 8
332 H STANDARD CHARTE 125
657 C MORGAN STANLEY 4
657 H MORGAN STANLEY 110
661 C JP MORGAN 6
661 H JP MORGAN 37
690 C ABN AMRO 42
737 C ADVANTAGE 5
800 C MAREX SPEC 15
____________________________________________________________________________________________

TOTAL: 176 176
MONTH TO DATE: 4,932

issued:0

GOLDMAN SACHS STOPPED 0 CONTRACTS.

NUMBER OF NOTICES FILED TODAY FOR  NOV. CONTRACT: 176 NOTICE(S) FOR 17,600 OZ  (0.5474 tonnes)

TOTAL NUMBER OF NOTICES FILED SO FAR:  4932 NOTICES FOR 493,200 OZ  (15.340 tonnes) 

SILVER//NOV CONTRACT

0 NOTICE(S) FILED TODAY FOR nil  OZ/

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

BITCOIN MORNING QUOTE  $15,613   UP 313

BITCOIN AFTERNOON QUOTE.  :$15,669  UP 407 DOLLARS .

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GLD AND SLV INVENTORIES:

WITH GOLD DOWN 13.10  AND NO PHYSICAL TO BE FOUND ANYWHERE:

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

NO CHANGES IN GOLD INVENTORY AT THE GLD

INVENTORY RESTS AT:

GLD: 1,249.79 TONNES OF GOLD//

WITH SILVER DOWN  $0.08  TODAY: AND WITH NO SILVER AROUND:

A HUGE CHANGE IN SILVER INVENTORY AT THE SLV//: A WITHDRAWAL OF 3.627 MILLION OZ INTO THE SLV//

INVENTORY RESTS AT

SLV: 572.254  MILLION OZ./

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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 1620 CONTRACTS FROM 153,391 UP TO 155,011, AND FURTHER FROM  OUR NEW RECORD OF 244,710, (FEB 25/2020. THE GAIN IN OI OCCURRED WITH OUR HUGE $0.65 RISE IN SILVER PRICING AT THE COMEX.IT SEEMS THAT THE GAIN IN COMEX OI IS  DUE TO CONSIDERABLE BANKER AND ALGO SHORT COVERING, COUPLED AGAINST A SMALL EXCHANGE FOR PHYSICAL. WE  HAD ZERO LONG LIQUIDATION, AND A GOOD INCREASE IN  STANDING AT THE COMEX FOR NOV.  WE HAD AN VERY STRONG NET GAIN IN OUR TWO EXCHANGES OF 2280 CONTRACTS  (SEE CALCULATIONS BELOW).

WE WERE  NOTIFIED  THAT WE HAD A SMALL  NUMBER OF  COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE:  502, AS WE HAD THE FOLLOWING ISSUANCE:   DEC:  502, MARCH 0 FOR ZERO ALL  OTHER MONTHS  AND THEREFORE TOTAL ISSUANCE  502 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.

3.810 MILLION OZ INITIAL STANDING IN NOV.

TUESDAY, 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 $0.65) ).. 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 (2122 CONTRACTS). NO DOUBT THE STRONG GAIN IN OI ON THE TWO EXCHANGES WAS DUE TO i)BANKER/ALGO SHORT COVERING.  WE ALSO HAD  ii)  A SMALL ISSUANCE OF EXCHANGE FOR PHYSICALS 2) A GOOD 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:

6592 CONTRACTS (FOR 8 TRADING DAY(S) TOTAL 6592 CONTRACTS) OR 32.960 MILLION OZ: (AVERAGE PER DAY: 824 CONTRACTS OR 4.120 MILLION OZ/DAY)

TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER:  SO FAR THIS MONTH OF NOV: 32.960 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 4.70% OF ANNUAL GLOBAL PRODUCTION (EX CHINA EX RUSSIA)*

ACCUMULATION IN YEAR 2020 TO DATE SILVER EFP’S:          1,562.25 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                    32.960 MILLION OZ (STARTING TO INCREASE AGAIN)

RESULT: WE HAD A STRONG SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 1620, WITH OUR HUGE $0.65 RISE IN SILVER PRICING AT THE COMEX ///TUESDAY.THE CME NOTIFIED US THAT WE HAD A SMALL SIZED EFP ISSUANCE OF 502 CONTRACTS WHICH  EXITED OUT OF THE SILVER COMEX  TO LONDON  AS FORWARDS.

TODAY WE GAINED A STRONG SIZED 2280 OI CONTRACTS ON THE TWO EXCHANGES (WITH OUR  $0.65 RISE IN PRICE)//

THE TALLY//EXCHANGE FOR PHYSICALS

i.e 502 OPEN INTEREST CONTRACTS HEADED FOR LONDON  (EFP’s) TOGETHER WITH A STRONG SIZED INCREASE OF 1620 OI COMEX CONTRACTS. AND ALL OF THIS DEMAND HAPPENED WITH OUR $0.65 RISE IN PRICE OF SILVER/AND A CLOSING PRICE OF $24.34 // MONDAY’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. 0.769 BILLION OZ TO BE EXACT or 110% of annual global silver production (ex Russia & ex China).

FOR THE NEW NOV  DELIVERY MONTH/ THEY FILED AT THE COMEX:NOTICE(S) FOR nil 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 FELL BY A STRONG SIZED 8,750 CONTRACTS TO 547,449 AND FURTHER FROM  NEW RECORD (SET JAN 24/2020) AT 799,541 AND  PREVIOUS TO THAT: (SET JAN 6/2020) AT 797,110.

THE STRONG SIZED LOSS IN COMEX OI OCCURRED WITH OUR HUGE GAIN IN PRICE  OF $20.10 /// COMEX GOLD TRADING// TUESDAY. WE  HAD STRONG BANKER/ALGO SHORT COVERING ACCOMPANYING OUR SMALL SIZED EXCHANGE FOR  PHYSICAL ISSUANCE. WE HAD CONSIDERABLE LONG LIQUIDATION AND ANOTHER HUMONGOUS GAIN IN GOLD OUNCES STANDING AT THE COMEX….THIS ALL HAPPENED WITH OUR GAIN IN PRICE OF $20.10. 

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

WE HAD A GOOD SIZED LOSS OF 5103 CONTRACTS  (15.87 TONNES) ON OUR TWO EXCHANGES..IF YOU ADD IN THE INCREASE IN GOLD TONNAGE STANDING (267) OUR NET LOSS IS  4836 CONTRACTS WHICH IS CONSIDERABLE..SOMETHING IS SCARING TRADERS AS THEY ARE LEAVING THE COMEX WITH RECKLESS ABANDON. 

E.F.P. ISSUANCE

THE CME RELEASED THE DATA FOR EFP ISSUANCAND IT TOTALED A SMALL SIZED 3647 CONTRACTS:

CONTRACT .  DEC: 3147; FEB: 500  ALL OTHER MONTHS ZERO//TOTAL: 3647.  The NEW COMEX OI for the gold complex rests at 547,449. 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 GOOD SIZED DECREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 5103 CONTRACTS: 8,750 CONTRACTS INCREASED AT THE COMEX AND 3647 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS  TOTAL OI LOSS OF 5103 CONTRACTS OR 14.23 TONNES.

CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES:

WE HAD A SMALL SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (3647) ACCOMPANYING THE STRONG SIZED LOSS IN COMEX OI  (8,750 OI): TOTAL LOSS IN THE TWO EXCHANGES:  5103 CONTRACTS. WE NO DOUBT HAD 1 ) SOME BANKER SHORT COVERING AND CONSIDERABLE ALGO SHORT COVERING ,2.)ANOTHER HUMONGOUS INCREASE IN OUNCES  STANDING AT THE GOLD COMEX FOR THE FRONT NOV. MONTH TO 15.922 TONNES3)  SOME LONG LIQUIDATION ;4) STRONG COMEX OI LOSS AND 5) SMALL SIZED ISSUANCE OF EXCHANGE FOR PHYSICAL  ...ALL OF THIS OCCURRED WITH  OUR STRONG GAIN IN GOLD PRICE TRADING//TUESDAY//$20.10.

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 : 27,646 CONTRACTS OR 2,764,600 oz OR 85.99 TONNES (8 TRADING DAY(S) AND THUS AVERAGING: 3428 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE  SIZE OF THESE EFP TRANSFERS :  THIS MONTH IN 8 TRADING DAY(S) IN  TONNES: 85.99  TONNES

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

THUS EFP TRANSFERS REPRESENTS 85.99/3550 x 100% TONNES =2.42% OF GLOBAL ANNUAL PRODUCTION

ACCUMULATION OF GOLD EFP’S YEAR 2020 TO DATE:  3,763.71 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:                        85.99 TONNES (INCREASING AGAIN) 

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 1620 CONTRACTS FROM 153,391 UP TO 155,011 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 SMALL ISSUANCE OF EXCHANGE FOR PHYSICALS (SEE BELOW), 3) A GOOD INCREASE IN  STANDING  FOR SILVER AT THE COMEX FOR NOV., AND 4) ZERO LONG LIQUIDATION 

EFP ISSUANCE 1502 CONTRACTS

OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS  AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE: DEC. 502 AND MARCH:  0  ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 502 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 1620 CONTRACTS TO THE 502 OI TRANSFERRED TO LONDON THROUGH EFP’S,  WE OBTAIN A VERY STRONG SIZED GAIN OF 2122 OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES. THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES 10.61 MILLION  OZ, OCCURRED WITH OUR $0.65 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)WEDNESDAY MORNING/ TUESDAY NIGHT: 

SHANGHAI CLOSED DOWN 17.95 PTS OR .53%   //Hang Sang CLOSED DOWN 74.50 PTS OR .28%    /The Nikkei closed UP 444.01 POINTS OR 1.78%//Australia’s all ordinaires CLOSED UP 1.64%

/Chinese yuan (ONSHORE) closed DOWN  AT 6.6245 /Oil UP TO 42.66 dollars per barrel for WTI and 44.77 for Brent. Stocks in Europe OPENED ALL RED//  ONSHORE YUAN CLOSED DOWN AGAINST THE DOLLAR AT 6.6245. OFFSHORE YUAN CLOSED DOWN ON THE DOLLAR AT 6.6296 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 ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING WEAKER AGAINST USA DOLLAR/OFFSHORE YUAN TRADING WEAKER 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  FELL BY BY A STRONG SIZED 8750 CONTRACTS TO 547,449 MOVING FURTHER FROM OUR   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 DECREASE OCCURRED DESPITE OUR STRONG RISE OF $20.10 IN GOLD PRICING TUESDAY’S COMEX TRADING/). WE ALSO HAD A SMALL EFP ISSUANCE (3647 CONTRACTS).   WE ALSO HAD  1)  CONSIDERABLE BANKER SHORT COVERING//CONSIDERABLE ALGO SHORT COVERING//,  2)  SOME  LONG LIQUIDATION  AND 3)  A MONSTER GAIN  IN GOLD STANDING AT THE  COMEX  ( NOW STANDING AT 15.922 TONNES)//NOV. DELIVERY MONTH (SEE BELOW) …  AS WE ENGINEERED AN GOOD SIZED LOSS ON OUR TWO EXCHANGES OF 5103 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 3647 EFP CONTRACTS WERE ISSUED:     DEC 3647; APRIL// ’21 500 AND  ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE: 3647  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 LOST THE FOLLOWING TODAY ON OUR TWO EXCHANGES: 5103 TOTAL CONTRACTS IN THAT 3647 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE LOST A STRONG SIZED 8750 COMEX CONTRACTS.. THE BIG NEWS IS THE STRONG LEVEL OF NOV 2020 GOLD CONTRACTS STANDING FOR DELIVERY. ((15.922 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 $20.10).  AND, THEY WERE SOMEWHAT  SUCCESSFUL IN FLEECING SOME LONGS. AS MENTIONED ABOVE THE TOTAL LOSS ON THE TWO EXCHANGES REGISTERED   15.87 TONNES,

NET LOSS ON THE TWO EXCHANGES :: 5103 CONTRACTS OR 510,300 OZ OR 15.87 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:  547,449 TOTAL OI CONTRACTS X 100 OZ PER CONTRACT = 54.74 MILLION OZ/32,150 OZ PER TONNE =  1702 TONNES

THE COMEX OPEN INTEREST REPRESENTS 1702/2200 OR 77.36% OF ANNUAL GLOBAL PRODUCTION OF GOLD.

Trading Volumes on the COMEX TODAY: 251,487 contracts// volume poor////

CONFIRMED COMEX VOL. FOR YESTERDAY:  349,861 contracts//  volume:  fair

/most of our traders have left for London

NOV 11 /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
139,343.440 oz
Brinks
Deposits to the Dealer Inventory in oz 64,237.698 oz

BRINKS

Deposits to the Customer Inventory, in oz 2797.137
OZ

Delaware

No of oz served (contracts) today
176 notice(s)
 17600 OZ
(0.5474 TONNES
No of oz to be served (notices)
187 contracts
(18700 oz)
.5816 TONNES
Total monthly oz gold served (contracts) so far this month
4932 notices
493,200 OZ
15.340 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 1 deposit into the customer account

i) Into Delaware:  2797.137 oz

total customer deposit:  2797.137  oz

we had 1 gold withdrawals from the customer account:

i) a huge:  139,342.440 Brinks  (4.33 tonnes)

total withdrawals:  139,342.440 oz

We had 0  kilobar transactions  +

ADJUSTMENTS: 0 // 

The front month of NOV registered a total of 363 contracts for a LOSS of 438 contracts.  We had 705 notices filed on Tuesday so we gained a whopping 267 contracts or 26,700 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 HUGE 29,189 contracts down to 313,639 contracts.  We will be watching December closely from this day forth. January lost 5 contracts to stand at 3001 contracts. FEBRUARY gained a whopping 17,612 contracts. (why the early rush to roll?)

THE BIG STORY AGAIN TODAY IS THE HIGH INITIAL OI STANDING FOR NOVEMBER (15.922 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  176 notices filed today for  17600 oz OR 0.5474 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 176  contract(s) of which 6  notices were stopped (received) by j.P. Morgan dealer and  37 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 (4932) x 100 oz , to which we add the difference between the open interest for the front month of  NOV (363 CONTRACTS ) minus the number of notices served upon today (176 x 100 oz per contract) equals 511,900 OZ OR 15.922 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 (4932, x 100 oz +364 OI) for the front month minus the number of notices served upon today (176) x 100 oz which equals 511,900 oz standing OR 15.922 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 267 contracts or an additional 26,700 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

602,840.325 oz pledged June 12/2020 Brinks/   july 2/july 21               18.75 tonnes

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

total pledged gold:  1,598,591.300 oz                                     49.722 tonnes

SURPRISINGLY WE HAVE BEEN WITNESSING NO REAL PHYSICAL GOLD ENTERING THE COMEX VAULTS FOR THE PAST YEAR!! ..ONLY PHONY KILOBAR ENTRIES…. WE HAVE 489.82 TONNES OF REGISTERED GOLD WHICH CAN SETTLE UPON LONGS i.e. 15.922 tonnes

CALCULATION OF REGISTERED GOLD THAT CAN BE SETTLED UPON:

total registered or dealer  17,346,416.274 oz or 539.54tonnes
total weight of pledged:  1,598,591.300 oz or 49.722 tonnes
thus:
registered gold that can be used to settle upon: 15,747,825..0  (489,82 tonnes)
true registered gold  (total registered – pledged tonnes  15,747,825.0 (489.82 tonnes)
total eligible gold:  20,054,573.818 oz (6237.81 tonnes)

total registered, pledged  and eligible (customer) gold  37,400,990.092 oz 1,163.33 tonnes (INCLUDES 4 GC GOLD)

total 4 GC gold:   126.34 tonnes

total gold net of 4 GC:  1036.99 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 11/2020

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
654,885.595 oz
CNT
Delaware
Deposits to the Dealer Inventory
nil oz
Deposits to the Customer Inventory
654,885.595 oz
Brinks
Delaware
No of oz served today (contracts)
0
CONTRACT(S)
(nil OZ)
No of oz to be served (notices)
276 contracts
 1,380,000 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 2 deposits into the customer account (ELIGIBLE ACCOUNT)

i)into JPMorgan:  nil oz

ii) Into Brinks: 606,446.55 oz

iii) Into Delaware:  48,439.045 oz

JPMorgan now has 190.72 million oz of  total silver inventory or 49.67% of all official comex silver. (190.72 million/383.903 million

total customer deposits today:  1,192,796.564   oz

we had 2 withdrawals:

i)Out of CNT:  298,765.530 oz
ii) Out of Delaware:  8965.600  oz

total withdrawals; 307,731.13    oz

We had 0 adjustment

Total dealer(registered) silver: 134.855 million oz

total registered and eligible silver:  383.903 million oz

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November saw a GAIN OF 6 notices UP to 276 contracts. We had 0 notices filed on TUESDAY so we gained 6 contracts or 30, 000 additional silver oz will stand in this non active delivery month of November.

December saw a LOSS of 5631 contracts DOWN to 90,152 contracts. January saw a GAIN of 3 contracts UP to 156. MARCH  gained 6740 contracts up to 52,044

The total number of notices filed today for the NOV 2020. contract month is represented by 0 contract(s) FOR nil 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( 276) and the number of notices served upon today 0x (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  276)- number of notices served upon today (0) x 5000 oz of silver standing for the NOV contract month .equals 3,810,000 oz. ..VERY STRONG FOR A NON ACTIVE  NOV MONTH.

WE GAINED 6 CONTRACTS OR AN ADDITIONAL 30,000 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 :89,447 CONTRACTS // volume   strong////

FOR YESTERDAY  116,167  ,CONFIRMED VOLUME//  very strong//

YESTERDAY’S CONFIRMED VOLUME OF 116,167 CONTRACTS EQUATES to 0.580 billion  OZ 82.9% 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  FALLS TO- 3.69% ((Nov 11/2020)

2. Sprott gold fund (PHYS): premium to NAV  FALLS TO -1.02% to NAV:   (NOV11/2020 )

Note: Sprott silver trust back into NEGATIVE territory at +%-/Sprott physical gold trust is back into NEGATIVE/3.69%

(courtesy Sprott/GATA

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

NAV 19.17 TRADING 18.55///NEGATIVE 3.67

END

And now the Gold inventory at the GLD

NOV 11/WITH GOLD DOWN $13.10 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1249.79 TONNES/

NOV 10/WITH GOLD UP $20.10 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 10.51 TONNES/INVENTORY RESTS AT 1249.79 TONNES

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

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Inventory rests tonight at

NOV11/ GLD INVENTORY 1249.79 tonnes

LAST;  943 TRADING DAYS:   +309.24 NET TONNES HAVE BEEN ADDED THE GLD

LAST 843 TRADING DAYS// +486.82  TONNES HAVE NOW BEEN ADDED INTO  THE GLD INVENTORY

end

Now the SLV Inventory

NOV 11/WITH SILVER DOWN 8 CENTS TODAY: A HUGE 3.627 MILLION OZ WITHDRAWAL FROM THE SLV/ INVENTORY RESTS AT 572.254 MILLION OZ

NOV 10/WITH SILVER UP $.65 TODAY; A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: STRANGE ANOTHER HUGE DEPOSIT OF 4.739 MILLION OZ INTO THE SLV//INVENTORY RESTS AT 575.881 MILLION OZ

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 11.2020:

SLV INVENTORY RESTS TONIGHT AT

572.254 MILLION OZ

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

ii) Important gold commentaries courtesy of GATA/Chris Powell

* * *

iii) Other physical stories:

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 WEDNESDAY 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 DOWN AT 6.6245 /

//OFFSHORE YUAN:  6.6296   /shanghai bourse CLOSED DOWN 17.95PTS OR .53%

HANG SANG CLOSED DOWN AT 74.50 PTS OR .28%

2. Nikkei closed UP 444.01 POINTS OR 1.78%

3. Europe stocks OPENED ALL GREEN/

USA dollar index UP TO 93.09/Euro FALLS TO 1.1718

3b Japan 10 year bond yield: RISES TO. +.04/ !!!!(Japan buying 100% of bond issuance)/Japanese yen vs usa cross now at 105.525/ 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:: 42.46 and Brent: 44.77

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

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 FALLS TO -.50%/Italian 10 yr bond yield DOWN to 0.74% /SPAIN 10 YR BOND YIELD DOWN TO 0.17%…ITALIAN 10 YR BOND YIELD/GERMAN BUND: 1.24: DANGEROUS FOR THE ITALIAN BANKING SYSTEM

3j Greek 10 year bond yield FALLS TO : 0.80

3k Gold at $1873.30 silver at: 24.22   7 am est) SILVER NEXT RESISTANCE LEVEL AT $30.00

3l USA vs Russian rouble; (Russian rouble DOWN 17/100 in roubles/dollar) 76.69

3m oil into the 42 dollar handle for WTI and 44 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 105.52 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 .9173 as the Swiss Franc is still rising against most currencies. Euro vs SF is 1.0794 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 FALLING to 0.50%

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 0.979% early this morning. Thirty year rate at 1.745%

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

6.  TURKISH LIRA:  UP  TO 7.91..

Futures Jump And This Time Tech Stocks Join The Party

Stocks gained, bonds dropped and the dollar rose on Wednesday as prospects of an effective COVID-19 vaccine outweighed nagging worries over surging infections, while the rotation out of tech reversed. Oil rose for a third day amid prospects for a global economic rebound in 2021.

S&P futures jumped on Wednesday, rising 0.8% or 27 points to 3,567 as covid vaccine hopes eclipsed pandemic concerns even as some states braced for new business restrictions to combat surging infections. A wide universe of shares rose in pre-market trading, from General Motors to PayPal Holdings to oil producers Exxon and ConocoPhillips.

However, unlike Tuesday when tech stocks were hammered, Nasdaq 100 futures also rose more than 1% after underperforming this week, with technology mega-cap Stay At Home stocks including Netflix, Amazon.com and Facebook Inc, gaining about 1% in premarket trading. Lyft jumped 5.5% after the ride-hailing app said it was working on a new service to take a slice of the growing food-delivery market, as it works to make up for a drop in quarterly revenue.

Despite continued chatter about a successful vaccine, the top U.S. infectious disease specialist urged caution until a vaccine can be approved and distributed, as California and several states across the U.S. Midwest tightened restrictions for residents.

Investors have pivoted to riskier plays in equities, foreign exchange and bonds after Pfizer Inc said on Monday its COVID-19 vaccine candidate, developed with BioNTech, showed a 90% success rate in preventing infection during trials. Nearly $2 trillion changed hands on Monday alone, one of the heaviest trading days since the height of the pandemic crisis. Tech stocks, among the major winners in the pandemic, have lost out, as have safe-haven currencies like the Japanese yen.

“The market is not wrong – we know who benefited during COVID, and it was almost inevitable that if COVID comes to an end, you would have a reversal on that,” said Luca Paolini, chief strategist at Pictet Asset Management.

“We have really liked what we’ve been calling the have-nots – those sectors that were left behind, whether it’s small caps, whether it’s value, whether it’s financials,” Peter Tchir, head of macro strategy at Academy Securities, said on Bloomberg TV. “Those are going to do very well and I think big tech is going to be challenged a little bit.”

“You have seen a big rotation which highlighted how skewed positioning was, as people sheltered in the work-from-home plays,” said Richard Saldanha, a portfolio manager at Aviva Investors. “For names geared towards so-called normalisation of activity, (the rally) could continue to play out in coming days.”

Further cementing the bullish mood, this morning Goldman followed in the footsteps of JPMorgan, and lifted its 2020 S&P 500 target to 3,700 points as the vaccine news added momentum to a stock market rally sparked by Joe Biden’s U.S. election win. It sees the S&P 500 hitting 4,300 at year-end 2021, a fifth higher than Tuesday’s closing levels. This is comparable to JPM’s 4,500 price target.

The MSCI world equity index, which tracks shares in almost 50 countries, gained 0.2% to move close to its record high touched on Monday. The European Stoxx 600 index climbed 0.9%, led by defensive shares including healthcare stocks, and gaining steam through the morning and building on a 5% rally this week to hit its highest since early March. Beaten-down equities were in demand, with travel-related stocks gaining 1.2%. Tech companies turned positive after opening in the red.

Earlier in the session, Asia-Pacific shares ex-Japan nudged up 0.2%, even as Chinese tech stocks fell sharply over concerns about tighter regulation after Beijing escalated it crackdown on Internet and fintech firms.  Chinese technology giants from Alibaba Group Holding to Tencent shed almost $290 billion of market value over two days of frantic selling, as investors scrambled to assess the fallout from Beijing’s broadest attempt to rein in its most powerful private-sector firms.

Markets in Asia were mixed, with Australia’s S&P/ASX 200 and Japan’s Topix gaining, while China’s Shanghai Composite and Thailand’s SET slid. Trading volume for MSCI Asia Pacific Index members was 48% above the monthly average for this time of the day. The Topix added 1.7%, with Toyota and Daikin contributing the most to the move. The Shanghai Composite Index retreated 0.5%, driven by Will Semiconductor and Kweichow Moutai.

Meanwhile, the coronavirus is roaring back in U.S. cities, with hospitalizations in the country reaching a record and cases topping 1 million in the first 10 days of November. A public vaccination campaign could begin by spring, Health and Human Services Secretary Alex Azar said.

Bonds also adjusted to the prospect of a post-pandemic world, with the yield on German Bunds, a benchmark for euro zone sovereign debt, rising to their highest for two months at -0.456%, while the yield on benchmark 10-year U.S. Treasuries posted on Tuesday its highest close since March, though U.S. bond cash markets are shut on Wednesday for Veteran’s Day. Treasury 10-year note futures off session lows, following bunds higher after sale of Germany’s EU1b 0% 2050 bond. Early futures drop saw ultra 10-year contracts approach an implied 1% yield level before retreating. Global bonds sharply sold off in Asia which weighed on Treasury futures; N.Z. 10-year yield closed 14bps higher while Aussie 10- year yields touched 1%, highest since September. U.S. auctions resume Thursday with record size $27 billion for 30-year; there has been added focus on low indirect bids at this week’s auctions despite aggressive stop-out yields, which may increase the error band for Thursday’s supply.

A rotation of sorts is also underway in fixed income markets, as bonds in Japan, South Korea, Singapore and Thailand fell while higher-yielding, riskier debt of countries like Indonesia held gains.

In FX, the dollar steadied against a basket of six major currencies and by late morning was up 0.2% at 92.927. Turkey’s lira gained 3% to pass 7.9 to the dollar as President Tayyip Erdogan said his government was forming a new growth strategy, financed in part by international investment. Sterling hit its highest level in more than two months versus the euro as traders bet a vaccine would boost the UK economy. It was last flat at $1.3265. The euro fell 0.3% to $1.1786 ahead of a speech from European Central Bank President Christine Lagarde at 1300 GMT.

In commodities, Brent oil rose to a more than two-month high above $45 a barrel, fuelled by vaccine prospects and an industry report showing U.S. crude inventories fell more than expected. Brent futures were up $1.41, or 3.2%, at $45.02 — the first time they have cleared the $45 threshold since early September.

Looking at the day ahead now, attention will be on the ECB’s Forum on Central Banking, which includes an introductory speech from ECB President Lagarde.

Market Snapshot

  • S&P 500 futures up 0.8% to 3,567
  • STOXX Europe 600 up 0.4% to 386.13
  • MXAP up 0.7% to 184.54
  • MXAPJ up 0.2% to 608.73
  • Nikkei up 1.8% to 25,349.60
  • Topix up 1.7% to 1,729.07
  • Hang Seng Index down 0.3% to 26,226.98
  • Shanghai Composite down 0.5% to 3,342.20
  • Sensex up 0.6% to 43,549.50
  • Australia S&P/ASX 200 up 1.7% to 6,449.68
  • Kospi up 1.4% to 2,485.87
  • Brent futures up 2.9% to $44.86/bbl
  • Gold spot up 0.1% to $1,878.58
  • U.S. Dollar Index up 0.2% to 92.90
  • German 10Y yield rose 0.6 bps to -0.479%
  • Euro down 0.1% to $1.1799
  • Italian 10Y yield rose 0.5 bps to 0.65%
  • Spanish 10Y yield rose 1.3 bps to 0.199%

Top Overnight News

  • Trade talks between the U.K. and European Union are set to be extended beyond this weekend’s informal deadline and continue in Brussels next week, according to two people familiar with the matter
  • Joe Biden used his first phone call with Boris Johnson as U.S. president-elect to warn the British leader not to compromise peace in Northern Ireland in his pursuit of Brexit
  • The European Central Bank must introduce additional monetary policy stimulus in December to stave off the risk of deflation in the euro zone, the Bank of Spain’s chief economist said
  • European Union negotiators reached a deal on the bloc’s long-term spending plans, moving a step closer to finalizing its landmark 1.8 trillion-euro ($2 trillion) budget and stimulus accord
  • The U.K. plans sweeping powers to intervene in foreign takeovers of British assets if deemed a threat to national security
  • President-elect Joe Biden said Donald Trump’s refusal to accept the result of the election was an “embarrassment” that will stain his White House legacy. Biden warns Johnson of Brexit upset to Northern Irish peace
  • New Zealand’s central bank will begin offering cheap loans to lenders within weeks to further reduce borrowing costs and stimulate the economy as it recovers from the coronavirus pandemic
  • Oil extended gains toward $42 a barrel in New York after an industry reported pointed to a bigger-than-expected decline in U.S. crude stockpiles, adding to bullish momentum after a vaccine breakthrough

A quick look at global markets courtesy of NewsSquawk

Asian equity markets traded mostly higher as the region continued to benefit from the recent vaccine hopes which helped bourses shrug off the mixed performance on Wall Street where there was a negative bias as tech stocks suffered again from the rotation out of growth and into value and cyclicals. ASX 200 (+1.7%) extended on recent gains with the energy sector spearheading the broad advances and financials were also boosted with shares in Australia’s largest lender CBA unfazed despite a 16% Y/Y decline in Q1 cash profit, as there were also reports that the RBNZ further delayed the start of bank capital increases until 2022 which eases the burden on the Big 4’s New Zealand operations. Nikkei 225 (+1.8%) was also lifted amid a slew of earnings and with financials underpinned after the BoJ’s introduction of a Special Deposit Facility to support regional banks and bolster the resilience of the sector. Hang Seng (-0.2%) and Shanghai Comp. (-0.5%) were indecisive amid lingering US-China tensions and a tepid liquidity injection by the PBoC, while the tech names continued to suffer after China recently drafted new antitrust regulations to rein in tech giants which pressured Tencent and Alibaba, despite the latter posting strong early numbers for Singles Day sales which reached CNY 6bln in the first minute and CNY 372bln of sales in the first 30 minutes. Finally, 10yr JGBs were softer amid similar weakness in T-notes following a soft US 10yr auction and with prices also pressured by the gains in Japanese stocks, although losses in JGBs were cushioned by the BoJ’s presence in the market for nearly JPY 1.4tln of JGBs in mostly 1yr-10yr maturities

Top Asian News

  • Thailand Asks Central Bank to Manage Currency to Aid Exports
  • Philippine Central Bank Sees Room to Cut Reserve Ratio
  • Honda Wins Approval to Offer Automated Driving in Japan
  • China Credit Growth Slows on Holidays, Drop in Bond Sales

European cash equities kicked-off the mid-week session with modest gains (Euro Stoxx 50 +0.4%) following on from a mixed APAC session, however the growth to value rotation theme that has dominated the market this week is showing signs of a pause. In Europe, the sectoral performance at the open has recalibrated from the value/cyclical outperformance to a more growth/momentum led session. Meanwhile, this shift is also reflected in US equity futures, as the NQ (+0.9%) erased all earlier losses and now stands as the outperformer. Delving deeper into European sectors, the session kicked off with Oil & Gas and Travel names as the top gainers whilst Healthcare and Tech stood as laggards, but since then the environment has somewhat flipped with Healthcare and Travel topping the charts. That being said, Oil & Gas has now staged a recovery on the back of rising crude prices, however value/cyclical peers remain on the other end of the spectrum with Auto & Parts alongside Banks not faring well – with the latter also pressured by ABN AMRO (-3.8%) post-earnings despite reporting better-than-expected numbers, as the Dutch bank remains wary of the pandemic’s impact. Elsewhere, following Monday’s PFE/BNTX vaccine update, Goldman Sachs has raised its 2020 S&P 500 target to 3,700 from 3,600, and sees it reaching 4,200 end-2021 and 4,600 by end-2022. The bank has also raised their 12-month Stoxx 600 target to 430 from 395 and FTSE 100 target to 7,200 from 6,300. It is also worth noting that Chinese stocks were pressured overnight amid developments in Hong Kong, whereby under a new NPCSC resolution, lawmakers immediately lose their seats if they are ruled to have promoted or supported the notion of Hong Kong independence, which has also resulted in reports that all Hong Kong pro-Democracy lawmakers are to resign in protest against the ousting of four legislators. Thus, giants Alibaba and JD.com closed HK trade lower by almost 10% apiece, whilst US listed Chinese ADRs are also pressured in the pre-market.

Top European News

  • Israeli Startup That Fights Online Fraud to List in London
  • Russia Says Tests Prove Its Covid-19 Vaccine Over 90% Effective
  • Italy Police Arrest Autostrade Managers in Genoa Probe
  • ABN Amro Falls on Weak Lending Income, Cautious Outlook

In FX, it remains to be seen whether the Kiwi can extend gains convincingly beyond 0.6900 and 1.0600 vs its US and Aussie counterparts, but for now the former is proving a bit more resistant than the latter in wake of the RBNZ maintaining rates and QE in contrast to the RBA last week. Moreover, the RBNZ rolled back on negative rates by retaining guidance for an unchanged OCR until the end of Q1 next year having confirmed the provision of additional policy stimulus via the FLP in December. Meanwhile, Aud/Usd has revisited 0.7300+ territory, but not quite the heady heights reached on Monday when risk appetite was more pronounced on the Pfizer vaccine and Biden bandwagon.

  • GBP – More whip-saw moves in Sterling with Cable breaching a Fib level at 1.3291 after a few attempts, but not tripping as many stops through 1.3300 as one might imagine amidst mixed Brexit reports, while Eur/Gbp has seen more LHS interest, but the cross is holding just above early September lows (0.8866) having made a more decisive break below the 200 DMA (circa 0.8922) yesterday. In short, some concessions are said to have been made on both sides, but yet again not on the really crucial issues and the UK-EU teams are likely to miss the mid-month ‘deadline’ – see 9.32GMT and 8.45GMT updates on the headline feed for more. Cable has subsequently pulled back to test bids/support around 1.3250 and Eur/Gbp offers ahead of 0.8900, with little reaction to latest pro-NIRP remarks from BoE’s Tenreyro.
  • USD – Aside from all the above, rangebound trade on US Veteran’s Day is keeping the Dollar in check vs most majors as the DXY hovers below 93.000 within a 92.969-607 band eyeing broad risk sentiment and further post-US Presidential election developments.
  • CHF/EUR/JPY/CAD – The Franc is marginally underperforming towards the bottom end of 0.9183-40 parameters and the Euro has lost grip of the 1.1800 handle after fading around decent option expiry interest between 1.1830-35 (1.1 bn) and the post-weekend peak circa 1.1920 awaiting comments from the annual ECB Sintra gathering in the hope of something more specific about what might be in store for December in terms of the policy ‘recalibration’. Elsewhere, the Yen has retreated from 105.00, but keeping its head above this week’s 105.65 lows and the Loonie deriving some traction from buoyant oil prices around the middle of 1.3008-57 extremes.
  • SCANDI/EM – Crude’s ongoing revival to almost Usd 43/brl and a few cents above Usd 45 in WTI and Brent respectively, is also helping to underpin the Nok, Rub and Mxn, but the Try is back on the recovery path following recent CBRT and Turkish Finance Minister revelations on the prospect of more aggressive action to arrest the Lira’s sharp depreciation rather than a fractionally narrower than expected current account deficit.

In commodities, WTI and Brent front month futures continue on their upward trajectory with WTI Dec eyeing USD 43/bbl to the upside (vs low 41.45/bbl) and Brent Jan extending gains above USD 45/bbl (vs low 43.60). The complex remains underpinned on hopes that effective vaccines will provide a rosier demand outlook, whilst on the supply side, the latest Private Inventory report printed a significantly larger than expected draw of 5.1mln bbls vs Exp. -0.9mln bbls, with the DoE due to release their weekly report tomorrow on account of today’s Veterans’ Day holiday. Sticking with the supply-side, sources note that Libya’s oil production has reportedly exceeded 1.1mln BPD as it continues to pose a headache for OPEC and allies, whilst NOC’s head earlier in the week stated that Libya will not join OPEC quotas until its production reaches 1.7mln BPD. Looking ahead, the OPEC MOMR is to be release later today following the EIA’s STEO yesterday which raised its 2020 global demand growth forecast by 10k BPD, however the release may prove to be stale given the vaccine developments earlier in the week. Elsewhere, spot gold and silver have largely moved in lockstep with the Dollar, with the precious metals flat intraday but experiencing a choppy session. Spot gold remains sub-USD 1900/oz around 1880/oz having had found an interim base at 1874/oz, whilst spot silver staddles just above the USD 24/oz mark. Finally, LME copper ekes mild gains amid the performance in stock markets, but with gains capped by a firmer Dollar.

US Event Calendar

  • Nothing major scheduled due to veteran’s day

DB’s Jim Reid concludes the overnight wrap

The vaccine news could do with being even more accelerated than the tantalising prospect dangled in front of us this week by Pfizer, as yesterday our household entered our fifth period of isolation/quarantine since March. The first three were for two painful weeks, the fourth luckily for only three days due to a negative covid test and now we wait more covid test results as both twins had really bad continuous coughs yesterday morning thus grounding all three from school/nursery. Given they usually have multiple episodes of these coughs each winter how on earth do you break the cycle? What are other parents doing with children that have probably got colds? Any answers gratefully received. Ironically they were much better after my wife got them tested but she didn’t want to hold off at the time as if they didn’t get better it wastes a day waiting for test results. It’s horrible for my wife as the only time the twins don’t fight is at school where they are sweetness and light. At home they tear up the place and each other!! I hide upstairs in my study as much as I can.

Staying with all things vaccine related, yesterday we heard from Dr Fauci, the top U.S. infectious-disease expert, that lower-risk Americans could have access to a vaccine by April 2021 while healthcare workers and high-risk groups could see vaccinations by the end of 2020. So things are moving behind the scenes. While a vaccine can’t come quickly enough for me, even the accelerated hope of it will allow us to start speculating as to how we can start to rebuild better after covid has gone. On that note yesterday we released the latest edition of our flagship Konzept magazine, looking specifically at how economies, businesses and societies should rebuild from the Covid-19 pandemic. The articles include ones on ensuring we redistribute to the young to save capitalism, how to build a better European economy, at changing the way we stimulate labour markets, implementing digital currencies, and even taxing those who work from home. Some of our ideas may seem radical, but we hope they’ll inspire decision makers as we rebuild from this bracing and tragic period. You can read all of them here , and if you want to forward on to your friends and family, we also have a link on our public website that’s available to a wider audience here .

Though Monday saw the vaccine news propel some markets to intra-day all time highs, US equities have struggled to push on beyond the initial surge with rotation being the main story which makes some sense given there are so many mega stay-at-home stocks. By the close, the S&P 500 had slipped -0.14% thanks to a decline among big tech stocks, with Amazon (-3.46%), Microsoft (-3.38%) and Facebook (-2.27%) all losing ground, not helped by the European Commission informing Amazon that its preliminary view was that the company had breached EU antitrust rules. Unsurprisingly, the NASDAQ also ended the session -1.37% lower, though the Dow Jones rose +0.90%. Interestingly the equal weight S&P 500 was +0.55%. Yesterday it rose +4.21% to the main market weighted index +1.17% gain. That was the biggest gap since October 2000 and highlights the mega cap tech bias in US markets. Pandemic lagging cyclicals tried to play catchup with Autos (+3.48%) and Energy (+2.52%) leading the S&P at the expense of Semiconductors (-3.43%) and Software (-2.36%). However even with a steeper curve and higher rates, US Banks (-0.15%) could only consolidate after Monday’s big move.

The more cyclically exposed STOXX 600 was up a further +0.90% and at a fresh post-pandemic high, as other indices across the continent also gained ground. While bank stocks were flat in the US, European Banks led the STOXX 600 yesterday, gaining +4.39%. Much like the US, Energy (+3.92%) and Autos (+3.16%) also gained strongly at the expense of Technology (-2.27%). The news-flow has become a little more positive on the pandemic case numbers in Europe over recent days, not something we can say for the US at the moment. Also supporting Europe was the news that there had been agreement between the European Parliament and EU member states in the Council on the recovery fund and the next long-term budget.

Sovereign bonds continued to lose ground on both sides of the Atlantic, with yields on 10yr US Treasuries up a further +3.6bps to 0.960%, their highest level since March, and there was a further steepening in the Treasury yield curve, as the 2s10s curve steepened +2.6bps to its steepest level in nearly 3 years. In Europe, yields on 10yr bunds were up +2.4bps, as those on gilts (+2.9bps) and OATs (+1.5bps) also climbed. The Greek 10yr spread to bunds (132.7bps) hit its tightest for almost exactly 11 years.

Asian markets are largely trading higher this morning with the Nikkei (+1.79%), Hang Seng (+0.38%), Kospi (+1.32%), Asx ( +1.72%) and India’s Nifty (+0.79%) all up along with futures on the S&P 500 (+0.25%). Meanwhile, the Hang Seng Tech index (-4.92%), the Shanghai Comp (-0.10%) and the more tech oriented Shenzhen Comp (-1.13%) are all down on a continued selloff in China’s technology sector after the country unveiled regulations to root out monopolistic practices in the internet industry. According to Bloomberg, the move has led to Chinese technology giants shedding c. $260bn of markets value over the last 2 days selling. In FX, the New Zealand dollar is up +0.89% after the RBNZ projected a more upbeat view of the economic recovery at today monetary policy meeting which in turn lowered the probability of the central bank going for negative rates next year. Yields on 10y USTs are up a further +1.7bps this morning to 0.978%.

Moving on to geopolitics, the SCMP reported overnight that China has passed a measure requiring Hong Kong lawmakers to be “patriots.” This resolution gives the Hong Kong government power to disqualify lawmakers without going through the courts and this morning the HK government has immediately moved to oust four opposition politicians. Earlier, Hong Kong’s 20 opposition lawmakers had said that the complete block would resign if the above resolution was used to disqualify any of them.

On the US election, there were still no signs that any concession would be forthcoming from President Trump, who issued further tweets yesterday about ballot counting abuse. This was in spite of the fact that world leaders have continued to move to congratulate Joe Biden, including UK Prime Minister Boris Johnson in a call yesterday. Mitch McConnell indicated that this could go on for another month, when he said “anyone who is running for office can exhaust concerns about counting” until the Electoral College casts their ballots on December 14. We also learned yesterday that the Democratic Party will officially control the House of Representatives for the next two years, having won 218 seats, though they are still set to have lost a portion of their majority coming into the election. Currently, Republicans have flipped a net 6 seats with 16 contests still to be decided.

Staying on the US election, our CEEMEA research colleagues are hosting a Zoom seminar tomorrow looking at how the region might be affected by the new Biden administration. It’s an important question for the region, considering how US foreign and economic policy has played a key role in CEEMEA local markets over the last four years, from sanctions on Russia and Turkey which caused severe pressure on local assets in 2018, to the Iran nuclear and Israel/GCC deals, and finally disputes over auto tariffs with the EU. Please join them on Thursday, 12 November 2020 at 3pm GMT/10am ET for a Zoom seminar with Ben Judah, outside informal counsel to the Biden campaign on the region and former fellow at the Hudson Institute, and European Council for Foreign Relations to chart the path ahead. Click here for the registration details.

Before the day ahead a quick recap of the data. In the UK, the unemployment rate for the 3 months to September rose to 4.8% as expected, while redundancies rose to a record high of 314k over the same period. Over in France, industrial production in September rose by a stronger-than-expected +1.4%, though the German ZEW survey for November showed the expectations reading falling to 39.0 (vs. 44.3 expected). In the US, the NFIB small business optimism index for October remained at 104.0, while the number of job openings in October rose to 6.436m in September (vs. 6.5m expected).

To the day ahead now, attention will be on the ECB’s Forum on Central Banking, which includes an introductory speech from ECB President Lagarde.

3A/ASIAN AFFAIRS

i)WEDNESDAY MORNING/ TUESDAY NIGHT: 

SHANGHAI CLOSED DOWN 17.95 PTS OR .53%   //Hang Sang CLOSED DOWN 74.50 PTS OR .28%    /The Nikkei closed UP 444.01 POINTS OR 1.78%//Australia’s all ordinaires CLOSED UP 1.64%

/Chinese yuan (ONSHORE) closed DOWN  AT 6.6245 /Oil UP TO 42.66 dollars per barrel for WTI and 44.77 for Brent. Stocks in Europe OPENED ALL RED//  ONSHORE YUAN CLOSED DOWN AGAINST THE DOLLAR AT 6.6245. OFFSHORE YUAN CLOSED DOWN ON THE DOLLAR AT 6.6296 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 ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING WEAKER AGAINST USA DOLLAR/OFFSHORE YUAN TRADING WEAKER 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/HONG KONG

Check to ‘King” Biden…your move!! Pro democracy lawmakers quit en masse after Beijing moves to stamp out political discent.

(zerohedge)

Hong Kong Pro-Democracy Lawmakers Quit En Masse After Beijing Moves To Stamp Out Last Bastion Of Political Dissent

Just like that, Hong Kong’s last remaining bastion of political dissent has been crushed by a swift stomp of the CCP jackboot.

Hong Kong’s pro-democracy lawmakers, many of whom have been pepper-sprayed, beaten and arrested with their sympathizers in the streets of what was formerly Asia’s gateway to the West, have resigned en masse Wednesday from Hong Kong’s legislative council (commonly referred to simply as the LegCo), the city’s top legislative body,

It all started early Wednesday, with reports that Beijing was weighing new measures to try and exclude many of the council’s 19 (soon-to-be former) Democratic lawmakers in the opposition by imposing a new ‘loyalty test’. The report, initially carried in Chinese state media, sparked an uproar, with all 19 legislators threatening to resign if any of them were targeted. Sure enough, the HK government responded by immediately disqualifying four opposition leaders:

And just like that, Hong Kong’s last remaining bastion of political dissent has been crushed by a swift stomp of the CCP jackboot.

Hong Kong’s pro-democracy lawmakers, many of whom have been pepper-sprayed, beaten and arrested with their sympathizers in the streets of what was formerly Asia’s gateway to the West, have resigned en masse Wednesday from Hong Kong’s legislative council (commonly referred to simply as the LegCo), the city’s top legislative body,

It all started early Wednesday, with reports that Beijing was weighing new measures to try and exclude many of the council’s 19 (soon-to-be former) Democratic lawmakers in the opposition by imposing a new ‘loyalty test’. The report, initially carried in Chinese state media, sparked an uproar, with all 19 legislators threatening to resign if any of them were targeted. Sure enough, the HK government responded by immediately disqualifying four opposition leaders: Alvin Yeung, Dennis Kwok, Kwok Ka-ki and Kenneth Leung.

Their 15 allies immediately confirmed that they would be resigning in protest.

The departure of the opposition lawmakers from HK’s LegCo represents the capstone of the rapid transition of Hong Kong from a bastion of Democratic freedoms to effectively just another Chinese city following the passage of a national security law that critics say runs roughshod over HK’s constitution, the Basic Law, a vestige of the British colonial era. According to the terms of the handover agreement, the Basic Law was supposed to be the supreme law of the land until Hong Kong’s transition is completed in 2047.

Barely six months later, the NatSec law is the law of the land, Democratic activists, including Joshua Wong, an internationally known figure, and Jimmy Lai, an HK media tycoon, have been arrested and are in the process of being prosecuted for their violations. Beijing had already moved to disqualify Wong and other Democratic candidates from running for seats in the LegCo. In fact, all four of the lawmakers who were expelled by the HK government Wednesday had already been barred from running again for their seats.

The resignations were announced during a chaotic press conference from the conference room of the LegCo building, where all the lawmakers held hands and chanted “Together we stand!”.

“Many people will consider today a dark day. It is hard for me to say it isn’t,” said Kwok Ka-ki, one of the four lawmakers removed by the government. “As long as our resolve to fight for freedom, equality and justice remains unchanged, one day we will see the return of the core values we cherish.”

Of course, Carrie Lam, HK’s chief executive, told reporters after the press conference that the LegCo would continue to function regardless of whether the pro-democracy lawmakers are present. She rejected the notion that the departure of the opposition would tarnish the legislature’s legitimacy in the eyes of the people.

“Of course we want the Legislative Council to pass the bills that we propose. We feel all the more excited when they can be passed in an efficient manner,” she said. “As the executive branch, we work in the hopes that the council will support and pass our bills,” she said.

Following the Wednesday decision by the Standing Committee of China’s National People’s Congress, Hong Kong now has the power to remove lawmakers from the legislature who don’t meet vague ‘loyalty’ requirements. All lawmakers will now be required to “swear allegiance” to the Hong Kong Special Administrative Region of the People’s Republic of China”.

Lam denied that the ousters were in reaction to recent filibustering, saying that while she doesn’t want to see “these sort of tactics being deployed very extensively.” She said she welcomed “diverse opinions” in the LegCo, so long as they are expressed in a “responsible manner”.

end

4/EUROPEAN AFFAIRS

UK

They think?  No question about it;  it was a mistake to close schools so says a uK study.  They did not believe the science.

(Tucker/American Institute for Economic research)

It Was A Mistake To Close Schools, UK Study Concedes

Authored by Jeffrey Tucker via The American Institute for Economic Research,

On March 12, 2020, the memo went out from the pen of Carter Mecher, bioterrorism expert at advising the Veterans Administration. It went out to public health officials and others from around the nation. Close the schools. Pull the trigger now. And it happened, and with it, civic freedoms we have long taken for granted – freedom to travel, operate businesses, go to the movies, even leave our homes – were taken away.

They shut the schools. Then it was like dominos falling, one by one. The businesses had to close so that people could watch the kids at home. The shopping centers had to close because otherwise the kids would just gather there. The churches too. Entertainment venues were shut. Even parks closed. The stay-at-home orders followed from the school closures. In many ways, the whole legitimacy of lockdown hinged on the merit of the school closure.

A small group of pro-lockdown scientists cheered, as their decade-and-a-half-old dream of conducting such a social experiment was finally becoming a reality.

The school closures had a disproportionate effect on working women. They left their jobs to care for the kids, attempting to help them navigate the strange new world of Zoom classrooms and do assignments via email. Men stayed working in jobs as the primary breadwinners.

As the Washington Post reports:

The pandemic recession [lockdowns] has been dubbed a “she-session” because it has hurt women far worse than men. The share of women working or looking for work has fallen to the lowest level since 1988, wiping out decades of hard-fought gains in the workplace.

On Friday, the Labor Department’s jobs report showed that the economy has gained back just over half of the jobs lost in March and April, but the situation remains dire for women. There are 2.2 million fewer women working or looking for work now than in January, vs. 1.5 million fewer men, according to the Labor Department data.

In nine months of this hell, one might suppose there would have been a clear test of whether and to what extent severe outcomes from catching the virus were really associated with school attendance. It has finally arrived, and the news is not good for the lockdowners. 

It is by now obvious (and has been since February) that almost no children are in danger from the virus. The age/health gradient of the virus affects almost exclusively the elderly with comorbidities. The children might have been helpful in achieving good public health goals and burning out the virus, rather than losing almost a full year of quality schooling thus far, to say nothing of the trauma of mandatory masks and being taught that their friends are potentially pathogen-carrying enemies.

The kids would have been fine but what about the staff and adults? Does locking up the kids in homes really keep people safe and dial back the infectiousness and mortality associated with SARS-CoV-2? How might one test this? One simple way could examine the difference in disease outcomes between domestic environments in which kids are present versus those where they are not.

This seems like an obvious test. Finally just such a study has appeared, as released by the prestigious medical journal Medxriv: “Association between living with children and outcomes from COVID-19: an OpenSAFELY cohort study of 12 million adults in England.”

It is the largest study yet conducted (35 authors) of Covid risk to adults from contact with children, and it has a not-so-surprising conclusion, at least for those who have followed the science so far.

It discovered no increase in severe Covid-related outcomes for adults living with children. It demonstrated a small increase in infections but without bad outcomes. In fact, the study demonstrated fewer deaths associated with adults living with children at home than home without children. 

To quote from the study directly:

This is the first population-based study to investigate whether the risk of recorded SARS-CoV-2 infection and severe outcomes from COVID-19 differ between adults living in households with and without school-aged children during the UK pandemic. Our findings show that for adults living with children there is no evidence of an increased risk of severe COVID-19 outcomes although there may be a slightly increased risk of recorded SARS-CoV-2 infection for working-age adults living with children aged 12 to 18 years. Working-age adults living with children 0 to 11 years have a lower risk of death from COVID-19 compared to adults living without children, with the effect size being comparable to their lower risk of death from any cause. We observed no consistent changes in risk of recorded SARS-CoV-2 infection and severe outcomes from COVID-19 comparing periods before and after school closure.

What does this imply?

Our results demonstrate no evidence of serious harms from COVID-19 to adults in close contact with children, compared to those living in households without children. This has implications for determining the benefit-harm balance of children attending school in the COVID-19 pandemic.

AIER has in general agreed with John Ioannidis’s claim from mid-March. These policies were put into place with no solid evidence that they would mitigate the virus or improve on medical outcomes.

From the beginning, the lockdowns were a policy in search of a rationale. In all these intervening months, none has been forthcoming. And we are only now seeing the solid research proving that the skeptics were correct from the beginning. The only question now is whether and when the “experts” that produced this astonishing failure will admit their error. Perhaps the answer is: when the media start reporting on it.

end

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

6.Global Issues

CORONAVIRUS UPDATE/GLOBE

Russia Says ‘Sputnik 5’ COVID-19 Vaccine “92% Effective”, US Sees Record Jump In New Cases: Live Updates

Summary:

  • US reports another daily record in cases
  • Russia says Sputnik 5 92% effective
  • Tokyo reports another 300+ new cases, most since August
  • Iran reports new record jump in deaths
  • Hungary makes masks mandatory in public spaces
  • Germany reports most new deaths since mid-April
  • Bulgaria reports daily record

* * *

In the US, yesterday’s string of record numbers out of Illinois and certain other western states remains the biggest story, as more governors move to tighten restrictions (Maryland’s GOP Gov Larry Hogan and California Gov Gavin Newsom, to name a couple), in the face of rising hospitalizations and deaths.

Meanwhile, in Europe, Germany reported the most new deaths in a single day since mid-April, while Bulgaria reported a record jump as an outbreak flares in the southern European state. Hungary, meanwhile, just made mask wearing mandatory in public spaces, part of new restrictions to curb a spike in deaths.

The US reported another record jump in new cases on Tuesday, according to data collected by Johns Hopkins and the COVID Tracking Project.

In total, the states reported 1.2 million tests and 131k confirmed new cases, the latest in what has become a string of new daily national records this week. What’s more, there are 62k people currently hospitalized with COVID-19, a new record high, surpassing the numbers from April. Deaths came in at 1,347, topping the 1,000/day mark yet again, and bringing the 7-day average for deaths to its highest level since the summer.

Meanwhile, two days after Pfizer announced the initial headline number from its Phase 3 study purporting to show the vaccine is 90% effective at reducing infection, Russia’s sovereign wealth fund, which essentially financed the development of Sputnik 5, Russia’s first-in-the-world vaccine, has just confirmed that its preliminary Phase 3 trial data show Sputnik 5 (which relies on a different technology than the Pfizer-BioNTech vaccine) is 92% effective. That’s two whole percentage points more effective than its western rival.

Russia’s Sputnik V vaccine is 92% effective at protecting people from COVID-19 according to interim trial results, the country’s sovereign wealth fund said on Wednesday, as Moscow tries to keep pace with Western drugmakers in the race for a shot. The initial results are only the second to be published from a late-stage human trial in the global effort to produce vaccines that could halt a pandemic that has killed more than 1.2 million people and ravaged the world economy. Russia registered its COVID-19 vaccine for public use in August, the first country to do so, though the approval came before the start of the large-scale trial in September.

Notably, the Russian vaccine is 2 percentage points more effective than the American vaccine.

Post-registration trials for Russia’s second vaccine are set to begin Nov. 15.

Here’s a roundup of other COVID-19 headlines from overnight and Wednesday morning:

Tokyo confirmed 317 cases of coronavirus Wednesday, the biggest daily total since Aug. 20, pushing the total number of cases in the capital city to 33,377 (Source: Bloomberg).

Malaysia reports 822 new coronavirus cases, raising the total to 42,872, as the Southeast Asian country also recorded two new deaths, taking its total official death toll to 302 (Source: Nikkei).

A total of 462 people, a daily record, die from the new coronavirus over the past 24 hours, Iran’s health ministry’s spokeswoman tells state TV. The number of cases rose by 11,780, also a daily high (Source: Bloomberg).

The Philippine health ministry on Wednesday recorded 1,672 new coronavirus infections and 49 additional deaths. In a bulletin, the ministry said total confirmed cases have increased to 401,416 while deaths have reached 7,710 (Source: Nikkei).

Germany recorded 26,547 new cases in 24 hours, up from 6,522 the previous day, according to data from Johns Hopkins University. That brought the total to 715,693. While it’s a large daily jump, new infections have fluctuated significantly in recent weeks. Fatalities rose by 373 to 11,781, the biggest daily increase since mid-April (Source: Bloomberg).

In Bulgaria, a record-high 4,390 daily cases were reported, with the numbers of hospitalized and patients in intensive care units also at their highest. The total number of positive cases in the Balkan country doubled in the past two weeks. Prime Minister Boyko Borissov, who was treated at home for two weeks and tested negative on Tuesday, has repeatedly rejected the option of a complete lockdown (Source: Bloomberg).

Hungary is making masks mandatory in many public spaces in bigger cities as of Wednesday as part of fresh restrictions designed to curb a spike in virus deaths. Further rules were needed to avoid hospitals being overwhelmed, Prime Minister Viktor Orban said in an interview on state television late Tuesday. The government will review the impact of the measures in two weeks, he said (Source: Bloomberg).

Indonesia reports 3,770 new coronavirus infections on Wednesday, taking its total number of cases to 448,118, according to the country’s COVID-19 task force. It also reports 75 more deaths, taking total fatalities to 14,836 (Source: Nikkei).

end

New Study:  83% of passengers will not return to old travel habits

(Mish Shedlock)

83% Of Passengers Will Not Return To Old Travel Habits

Authored by Mike Shedlock via MishTalk,

An Inmarsat study shows how Covid has impacted travel plans.

Bad News for Airlines

A study by Inmarsat suggests Travel Habits are Changed Forever.

Flying habits are set to change drastically for the long-term, with eight in ten airline passengers (83%) not expecting to return to their previous travel routines once the COVID-19 pandemic is over.

Only a third (34%) of passengers surveyed have taken a commercial flight since the pandemic began, and this appears to have sparked a shift in attitudes to flying. Four in ten passengers (41%) expect to travel less by any means and a third (31%) plan to fly less. This sentiment is even higher among Asian passengers, with 58 per cent in India and 55 per cent in South Korea planning to travel less in the future.

Despite this change, there are early signs that travellers are beginning to feel confident about flying again; almost half (47%) of passengers surveyed expect to feel ready to fly within the next six months.

The ‘Passenger Confidence Tracker’ is the world’s largest survey of airline passengers since the pandemic began. It reflects the views and attitudes of 9,500 respondents from 12 countries across the globe about the future of flying.

Passenger Confidence Tracker

US Passenger Confidence 

  • Within the US, only 14% are ready to fly today
  • Another 14% will be ready next month.
  • 5% think it will take longer than a year.
  • 10% will wait for the end of Covid.
  • 8% will wait for a vaccine.
END
 NeoCon globalist Klaus Schwab warns that the world will never return to normal even after COVID disappears
(zerohedge)

Globalist Klaus Schwab: World Will “Never” Return To Normal After COVID

Authored by Paul Joseph Watson via Summit News,

In his book Covid-19: The Great Reset, World Economic Forum globalist Klaus Schwab asserts that the world will “never” return to normal, despite him admitting that coronavirus “doesn’t pose a new existential threat.”

Breitbart’s James Delingpole unveils how Schwab is even more explicit in his book about the elite’s plan for exploiting the COVID pandemic than in his public statements.

Schwab has continually pushed for COVID to be exploited to push for a new world order, claiming, “Now is the historical moment of time not only to fight the… virus but to shape the system… for the post-corona era.”

However, he goes further in the book, making it clear that the financial elite will never allow life to return to normal, suggesting that rolling lockdowns and other restrictions will become permanent.

“Many of us are pondering when things will return to normal,” writes Schwab.

The short response is: never. Nothing will ever return to the ‘broken’ sense of normalcy that prevailed prior to the crisis because the coronavirus pandemic marks a fundamental inflection point in our global trajectory.”

The globalist makes this assertion despite admitting that the threat posed by COVID pales in comparison to previous pandemics.

“Unlike certain past epidemics, COVID-19 doesn’t pose a new existential threat,” he writes.

Schwab makes clear that the ‘Fourth Industrial Revolution’ or ‘The Great Reset’ will fundamentally change how the world operates.

“Radical changes of such consequence are coming that some pundits have referred to as ‘before coronavirus’ (BC) and ‘after coronavirus’ (AC) era. We will continue to be surprised by both the rapidity and unexpected nature of these changes – as they conflate with each other, they will provoke second-, third-, fourth- and more-order consequences, cascading effects and unforeseen outcomes,” he writes.

As Delingpole explains in his column, “The Great Reset” merely represents a re-packaging of the old globalist agenda which has been stuttering over the last decade.

Namely, technocratic dictatorial rule by a tiny elite, the “green new deal,” the gradual abolition of private property, a guaranteed minimum wage that will see jobs replaced by robots, a crackdown on personal liberties and curtailing freedom of movement.

As we previously highlighted, the idea that the world will never return to normal post-COVID is being pushed by the establishment across the board.

A senior U.S. Army official said that mask wearing and social distancing will become permanent, while CNN’s international security editor Nick Paton Walsh asserted that the mandatory wearing of masks will become “permanent,” “just part of life,” and that the public would need to “come to terms with it.”

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 WEDNESDAY morning 7:00 AM….

Euro/USA 1.1758 DOWN .0081 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 105.52 UP 0.263 (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 1.3229   DOWN   0.0033  (Brexit March 29/ 2019/ARTICLE 50 SIGNED/BREXIT FEES WILL BE CAPPED/

USA/CAN 1.3068 UP .0037 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  WEDNESDAY morning in Europe, the Euro FELL BY 61 basis points, trading now ABOVE the important 1.08 level FALLING to 1.1758 Last night Shanghai COMPOSITE  CLOSED DOWN 17.95 PTS OR .53%

//Hang Sang CLOSED DOWN 74.50 PTS OR .28% 

/AUSTRALIA CLOSED UP 1,64%// EUROPEAN BOURSES OPENED ALL GREEN

Trading from Europe and Asia

EUROPEAN BOURSE OPENED ALL GREEN

2/ CHINESE BOURSES / :Hang Sang CLOSED DOWN 74.50 PTS OR .28% 

/SHANGHAI CLOSED DOWN 17.95 PTS OR .53% 

Australia BOURSE CLOSED UP 1.64% 

Nikkei (Japan) CLOSED UP 444.01  POINTS OR 1.78%

INDIA’S SENSEX  IN THE GREEN

Gold very early morning trading: 1873.30

silver:$24.19-

Early WEDNESDAY morning USA 10 year bond yield: 0.979% !!! UP 2 IN POINTS from TUESDAY’S night in basis points and it is trading WELL BELOW resistance at 2.27-2.32%.

The 30 yr bond yield 1.745 UP 0  IN BASIS POINTS from TUESDAY night.

USA dollar index early WEDNESDAY morning: 93.09 UP 34 CENT(S) from  TUESDAY’s close.

This ends early morning numbers WEDNESDAY MORNING

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx6

And now your closing  WEDNESDAY NUMBERS \1: 00 PM

Portuguese 10 year bond yield: 0.13% DOWN 2 in basis point(s) yield from YESTERDAY/

JAPANESE BOND YIELD: +.04.%  UP  1   BASIS POINTS from YESTERDAY/JAPAN losing control of its yield curve/56

SPANISH 10 YR BOND YIELD: 0.16%//DOWN 4 in basis point yield from yesterday.

ITALIAN 10 YR BOND YIELD:0.74 DOWN 3 points in basis points yield from yesterday./

the Italian 10 yr bond yield is trading 58 points higher than Spain.

GERMAN 10 YR BOND YIELD: FALLS TO –.50% IN BASIS POINTS ON THE DAY//

THE IMPORTANT SPREAD BETWEEN ITALIAN 10 YR BOND AND GERMAN 10 YEAR BOND IS 1.24% 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 WEDNESDAY

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

Euro/USA 1.1763  DOWN     .0056 or 56 basis points

USA/Japan: 105.57 UP .312 OR YEN DOWN 31  basis points/

Great Britain/USA 1.3205 DOWN .0055 POUND DOWN 55  BASIS POINTS)

Canadian dollar DOWN 34 basis points to 1.3059

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

The USA/Yuan,CNY: closed DOWN AT 6.6311    ON SHORE  (DOWN)..

THE USA/YUAN OFFSHORE:  6.6178  (YUAN up)..

TURKISH LIRA:  7.85  EXTREMELY DANGEROUS LEVEL/DEATH WISH.

the 10 yr Japanese bond yield  at +0.04%

Your closing 10 yr US bond yield UP 2 IN basis points from TUESDAY at 0.979 % //trading well ABOVE the resistance level of 2.27-2.32%) very problematic USA 30 yr bond yield: 1.745 UP 0 in basis points on the day

Your closing USA dollar index, 93.14 UP 39  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 WEDNESDAY: 12:00 PM

London: CLOSED UP 85.25  1.35%

German Dax :  CLOSED UP 53.07 POINTS OR .40%

Paris Cac CLOSED UP 26.24 POINTS 0.48%

Spain IBEX CLOSED UP 82.30 POINTS or 1.07%

Italian MIB: CLOSED UP 141.44 POINTS OR 0.68%

WTI Oil price; 42.07 12:00  PM  EST

Brent Oil: 44.40 12:00 EST

USA /RUSSIAN /   RUBLE FALLS:    76.89  THE CROSS HIGHER BY 0.36 RUBLES/DOLLAR (RUBLE LOWER BY 36 BASIS PTS)

TODAY THE GERMAN YIELD FALLS  TO –.50 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 :  41.52//

BRENT :  43.88

USA 10 YR BOND YIELD: … 0.979..up 2 basis points…

USA 30 YR BOND YIELD: 1.745 up 0 basis points..

EURO/USA 1.1781 ( DOWN 38   BASIS POINTS)

USA/JAPANESE YEN:105.41 UP .146 (YEN DOWN 15 BASIS POINTS/..

USA DOLLAR INDEX: 92.99 UP 24 cent(s)/

The British pound at 4 pm   Britain Pound/USA:1.3219 down 41  POINTS

the Turkish lira close: 7.80

the Russian rouble 76.97   DOWN 0.45 Roubles against the uSA dollar. (DOWN 45 BASIS POINTS)

Canadian dollar:  1.3067 DOWN 35 BASIS pts

German 10 yr bond yield at 5 pm: ,-0.50%

The Dow closed DOWN 23.29 POINTS OR 0.08%

NASDAQ closed UP 232.18 POINTS OR 2.01%


VOLATILITY INDEX:  23.45 CLOSED down 1.35

LIBOR 3 MONTH DURATION: 0.213%//libor dropping like a stone

USA trading today in Graph Form

a)Market trading/LAST NIGHT/USA

b)MARKET TRADING/USA//Non farm payrolls

ii)Market data/USA

iii) Important USA Economic Stories

Tuesday night

From Robert to me:

See how a dog voted in the 2020 election

they registered the dog to vote through a mail in

end
Tuesday night Pennsylvania
This is interesting: tens of thousands of ballots returned to the voting desk with stamps earlier than originally sent!!
Huge backdating!
(courtesy Peter Svab)

Tens of Thousands of Pennsylvania Ballots Returned Earlier Than Sent Date: Researcher

November 10, 2020 Updated: November 10, 2020

More than 20,000 absentee ballots in Pennsylvania have impossible return dates and another more than 80,000 have return dates that raise questions, according to a researcher’s analysis of the state’s voter database.

Over 51,000 ballots were marked as returned just a day after they were sent out—an extraordinary speed, given U.S. Postal Service (USPS) delivery times, while nearly 35,000 were returned on the same day they were mailed out. Another more than 23,000 have a return date earlier than the sent date. More than 9,000 have no sent date.

The state’s voter records are being scrutinized as President Donald Trump is challenging the results of the presidential election in Pennsylvania and other states where his opponent, former Vice President Joe Biden, holds a tight lead. The Trump campaign is alleging that invalid ballots have been counted for Democrats and valid ballots for Republicans were thrown away.

The analysis of the publicly available data was conducted by a data researcher who submitted it first to the Chinese-language edition of The Epoch Times. The researcher, who spoke on condition of anonymity, said he consulted about the matter with several USPS field engineers, who said the return dates shown in the database are “impossible.”

The dataset made public by Pennsylvania’s secretary of state was last updated on Nov. 10, and “describes a current state of mail ballot requests for the 2020 General Election.” The data includes the mailed-out and return dates.

In Pennsylvania, voters must request a ballot, which is sent to them via USPS. The voter then fills out the document and sends it back via mail or returns it in person. The process usually takes several days or even weeks, depending on the speed of delivery and response by the voter.

This year, Pennsylvania also allowed voters to “request, receive, mark and cast your mail-in or absentee ballot all in one visit to your county election office or other designated location.” That may explain the ballots with no sent date—they may have been received and cast in person.

While it could also explain the ballots with the same sent and returned date, that appears to clash with the description of the database, which says the sent date is “the date the county confirmed the application to queue a ballot label to mail the ballot materials to the voter.”

If the ballot was received by the voter in person, there would have been no need for a mailing label.

Epoch Times Photo
A screenshot of publicly available mail ballot data in Pennsylvania showing the date when ballots were sent out (3rd column from right) and received (2nd column from right) only one day apart. (Data source: Pennsylvania Secretary of State)
Epoch Times Photo
A screenshot of publicly available mail ballot data in Pennsylvania showing the date when ballots were sent out (3rd column from right) and received (2nd column from right) on the same day. (Data source: Pennsylvania Secretary of State)
Epoch Times Photo
A screenshot of publicly available mail ballot data in Pennsylvania showing the date when ballots were sent out (3rd column from right) and received (2nd column from right) a day before the sent date. (Data source: Pennsylvania Secretary of State)

“Since October 1, the average time of delivery for First-Class Mail, including ballots, was 2.5 days,” USPS said in an Oct. 29 release.

Impossible and improbable return dates indicate there’s something wrong with either the database or the ballots.

The Office of Pennsylvania’s Secretary of State didn’t immediately respond to requests by The Epoch Times for comment.

In addition to the ballots described above, there were more than 43,000 ballots returned two days after being sent out, which is still remarkably fast, although still possible if the voter quickly delivered the ballot to an election office or a ballot drop box in person. The flagged ballots comprise almost 4 percent of all those issued by the state.

According to the data analyzed by the researcher, at least 31 people who appear to be older than the oldest known person in the state returned ballots. They were all born between 1900 and 1907, based on the state’s data. The oldest known person in the state is 113-year-old Ardith Grose.

About 20 of the voters shared the birth date of Jan. 1, 1900. The date corresponds to an allegation in Michigan, where a poll watcher said he saw operators adding people to the poll book while they were counting their mail-in ballots, raising concern that these voters weren’t properly registered and thus were eligible to vote. The operators input the names with fabricated birth dates, such as Jan. 1, 1900, according to a sworn affidavit by the poll watcher.

Another analysis of the Pennsylvania data showed that the extremely old voters were mostly registered Democrats.

Update: The article was updated with a source of the Michigan mail ballot data, additional information about the data and mail-in voting in the state, and ballot delivery time information from the Postal Service. The article and its headline were edited to reflect the updated information.

Follow Petr on Twitter: @petrsvab
end
THE SAGA ON THE 138,000 VOTES IN MICHIGAN CONTINUE//Tuesday night
Evidence is provided that over 500,000 ballots were switched from Trump to Biden in 3 states and another 2.5 million votes just disappeared from Trump. From other sites it looks like 4 million votes have been compromised.
The switch from Trump to Biden is not a glitch.  Democrats used a backdoor opening on Dominion software( used in 29 states, 25 of them being Democrat controlled). Crooks used the software called Hammer and SCORECARD  to enter the Dominion software backdoor and change the computer tally. The problem for the democrats is the fact that the hard copy will all show Trump on the ballot as voted upon by the voters.  It is fascinating that all 138,000 ballot votes that were altered on the Dominion software were for Biden and zero for Trump
(courtesy Gateway Pundit/ Jim Hoft)

MIT PhD Analysis Reveals 138,000 Votes Switched from Trump to Biden in Michigan — MUST SEE VIDEO

By Jim Hoft
Published November 10, 2020 at 9:29pm

The Gateway Pundit has reported on numerous events in the 2020 election which are being referred to as system ‘glitches’ in the media. 

Last night we provided another ‘glitch’, this time in Wisconsin, which if reversed would eliminate Biden’s reported vote lead in the state. 

Tonight we have obtained an unaudited analysis of data available for all the states looking for system glitches and other oddities in vote counts related to the Presidential race only.

Last night we reported on another so called system ‘glitch’, this time in a county in Wisconsin.  Evidence was provided to us that showed that the vote totals for Rock County appeared to be switched between President Trump and Joe Biden.  9,516 votes were eliminated from President Trump and moved to Joe Biden. This 19,032 vote difference when corrected would eliminate Biden’s lead in Wisconsin.

TRENDING: BREAKING EXCLUSIVE: Analysis of Election Night Data from All States Shows MILLIONS OF VOTES Either Switched from President Trump to Biden or Were Lost — Using Dominion and Other Systems

In the post last night we also identified issues we’ve reported on in Michigan, Pennsylvania and Georgiawhere similar ‘glitches’ occurred.

We next attempted to obtain more data on this issue so we could determine how widespread this issue may be and/or if there are reasonable explanations for what is occurring.

Then tonight we were led to a site on the Internet

(https://thedonald.win/p/11Q8O2wesk/happening-calling-every-pede-to-/)

where someone who had seen our posts decided to do an analysis himself.

In the piece the author claims his work is a full list of votes switched from Trump to Biden or votes erased by Dominion (the vote machines used in many states across the US).

(The author claims that his work has been verified but we have not verified the results so we currently are labeling his results “unaudited.”)

The author decided to obtain the data himself and perform an analysis of national votes switched from Trump to Biden and votes erased (the total amount of votes counted decreased by that amount throughout the counting).

Based on this initial analysis over 500,000 votes were identified that were switched from President Trump to Joe Biden. 

In addition to this another 2,865,757 votes were deleted.

Note that these numbers have not yet been audited by us. 

On Tuesday Dr. Shiva Ayyadurai, MIT PhD, the Inventor of Email, Scientist, Engineer, shares the results of his team’s mathematical analysis of four major counties votes in Michigan in the Trump-Biden election that reveals an unfortunate truth of U.S. voting systems.

Dr. Shiva and his staff found evidence of Trump-to-Biden vote-switching of 138,000 VOTES in Michigan.

Dr. Shiva also found that the more solid Republican precincts saw more Trump votes switched to Joe Biden.

END

WEDNESDAY MORNING/UPSP WHISTLEBLOWER

Fascinating:  The Washington Post Tuesday evening has written a story that our famous UPSP whistleblower, Hopkins< on the backdating issue has recanted.

He claims that he did not recant and in another post Project Veritas has the tapes showing authorities grilling him to recant

(ZEROHEDGE)

“I Did Not Recant”: USPS Whistleblower Stands By Backdated Ballot Claim

On Tuesday evening, the Washington Post wrote that USPS whistleblower Richard Hopkins ‘admitted to fabricating’ allegations of voter fraud, when he claimed in a Project Veritas video that he overheard a postmaster in Erie, Pennsylvania instructing postal workers to collect and backdate ballots received after election day.

Citing “people who spoke on the condition of anonymity,” the Post now says that Hopkins – a Marine combat veteran – “signed an affidavit recanting his claims.

Hopkins, however, says he did not recant.

In a Tuesday night interview with Project Veritas founder James O’Keefe, Hopkins says he was intimidated and coerced by federal investigators with the USPS Inspector General’s office.

“They were grilling the hell out of me,” says Hopkins, adding “I feel like I just got played.”

Hours after the Post‘s claim, O’Keefe tweeted a recording of Hopkins’ interview with IG employee Russel Strasser.

“I am trying to twist you a little bit, believe it or not, because in that – your mind will kick in,” said Strasser.

“Okay,” says Hopkins.

We like to control our mind,” Strasser continues. “And when we do that, we can convince ourselves of a memory. But when you’re under a little bit of stress, which is what I’m doing to you purposely, your mind can be a little bit clearer and we’re going to do a different exerciser too, to make your mind a little bit clearer. So, but this is all on purpose.”

“Roger,” replies Hopkins.

“I am not scaring you. But I am scaring you,” he continued.

At the end of the interview with O’Keefe, Hopkins says that he stands by his original claim. Meanwhile, O’Keefe says there is more coming tomorrow on this.

Watch: (removed by the crooks)

Attorney and conservative commentator Mike Cernovich suggested the Strasser was employing ‘an interrogation technique where the federal agent tries to use stress tactics to implant a false memory into the interview subject.’

Earlier in the evening, Veritas posted a video of Hopkins explicitly saying “I do not recant.”

O’Keefe said in a Tuesday night email “We are going to release such concrete evidence exposing your lies that you will all have eggs on your faces,” adding “Stay tuned, these people have no clue what’s coming their way.”

end
Here is the proof for the intimidation of postal worker, Hopkins
(Project Veritas/Fairbanks/Gateway Pundit)

Project Veritas Has Recordings of Fed Agents Interrogating and Intimidating PA USPS Whistleblower Who Exposed the Backdating Ballots Scheme

\’

UPDATE: PROJECT VERITAS HAS RELEASED SOME OF THE RECORDING.

Project Veritas founder James O’Keefe has put out a video stating that his organization has obtained recordings of federal agents interrogating the USPS whistleblower who exposed a scheme in Pennsylvania to backdate late ballots.

O’Keefe said that some of the recordings will be released as soon as this evening.

“The recordings are explosive evidence of retaliation, ‘scaring’ him,” O’Keefe wrote. “Whistleblower has received a letter putting him on suspension without pay.”

00:0001:30

This Day in History

TRENDING: BREAKING EXCLUSIVE: Analysis of Election Night Data from All States Shows MILLIONS OF VOTES Either Switched from President Trump to Biden or Were Lost — Using Dominion and Other Systems

The whistleblower, Richard Hopkins, previously revealed, through Project Veritas, that an Erie, Pennsylvania postmaster ordered mail-in ballots that came in after Election Day to be backdated to November 3. He stated that he specifically overheard Postmaster Robert Weisenbach Jr. speaking to another employee about the scheme.

Mail-in ballots must be postmarked by Election Day to be considered valid and counted, per US law.

MICHIGAN
It begins!! Trump files emergency injunction in Michigan alleging fraud and he also demands a hand re -count over “malfunctioning” dominion machines
(zerohedge)

Trump Files Emergency Injunction In Michigan Alleging Fraud; Demands Recounts Over ‘Malfunctioning’ Dominion Machines

The Trump campaign has requested anemergency injunctionin a federal lawsuitaimed at preventing the State of Michigan from certifying the results of last week’s election until election officials can certify that only legally cast, on time, and legally observed ballots are included in the count. The campaign is alleging several types of fraud, misconduct, and invalidated ballots based on a number of reasons – including ‘malfunctioning’ vote counting machines made by Dominion Voting Systems.

The Tuesday night filing in the US District Court for the Western District of Michigan alleges, among other things, that officials prevented GOP challengers from observing the count, scanned “batches of the same ballots multiple times,” illegally accepted and pre-dated late ballots, including from unmonitored drop boxes, and that election workers illegally duplicated ballots,” according to a statement from the campaign. The lawsuit requeusts that the court toss all ballots not observed by a GOP election challenger who has been “allowed to meaningfully observe the process and the handling and counting of the ballot.”

Absentee ballot removed for counting at TCF Center in Detroit, Nov. 4 2020 (photo: Kimberly P. Mitchell, Detroit Free Press)

The complaint includes “more than one hundred credentialed election challengers” who have provided “sworn affidavits” that they were prevented from reviewing the ballot count, or validate the legitimacy of absentee ballots. Michigan Secretary of State Jocelyn Benson is accused in the suit of failing to follow state election code, which allowed “fraud and incompetence to corrupt the conduct of the 2020 general election.”

GOP challengers allegedly blocked and intimidated: 

  • Many challengers testified that their ability to view the handling, processing, and  counting of ballots was physically and intentionally blocked by election officials.
  • At least three challengers said they were physically pushed away from counting tables by election officials to a distance that was too far to observe the counting.
  • Republican challengers who left the TCF Center were not allowed to return, while Democrats were, resulting in “many more Democratic challengers allowed to observe the processing and counting of absent voter ballots.”
  • Many challengers testified that they were intimidated, threatened, and harassed by election officials during the ballot processing and counting process.
GOP election challengers demand to be let into the TCF Center in Detroit on Wednesday, Nov 4 2020

For reference, here’s a video of people cheering as GOP poll watchers were thrown out of the TCF Center in Detroit as absentee ballots were counted.

Batches of ballots run through multiple times:

Multiple GOP challengers attested that “batches of ballots were repeatedly run through the vote tabulation machines,” with one challenger saying she observed “a stack of about fifty ballots being fed multiple times into a ballot scanner counting machine.” Another challenger claims they “observed a station where election workers were working on scanned ballots that had issues that needed to be manually corrected,” adding “I believe some of these workers were changing votes that had been cast for Donald Trump and other Republican candidates.”

When challengers did bring up issues with ballots, they were “ignored and disregarded,” according to the complaint, with one claiming that “ballots with votes for Trump were separated from other ballots,” and that when they raised challenges over ballot numbers which didn’t match their envelopes, they were “disregarded and ignored by election officials,” and the “ballots were processed and counted.”

The filing also claims that ballots which could not be read by a machine were unlawfully duplicated out of the view of challengers, and weren’t conducted by a bipartisan pair of election inspectors.

Faulty tabulation software:

The suit notes that in Antrim County, Michigan, voting machines manufactured by Dominion Voting Systems “were at fault” when they erroneously gave over 6,000 Trump votes to former Vice President Joe Biden. The ‘error’ – potentially affecting the same machines used in Wayne County – was blamed by Secretary of State Benson on a county clerk who failed to update certain “media drives.”

Also noted were Dominion machine errors in Oakland County Michigan, which resulted in a Democrat being wrongly declared the winner of a commissioner’s race by 104 votes – only to have their seat flip back to the rightful Republican candidate after the error was caught.

“These vote tabulator failures are a mechanical malfunction that, under MCL 168.831-168.839, requires a “special election” in the precincts affected,” reads the filing.

Back-dated absentee ballots:

The filing also alleges backdating of ballots, after attorney and GOP challenger Jessica Connarn says she was told by a poll worker told her they were “being told to change the date on ballots to reflect that the ballots were received on an earlier date.”

Connarn has provided a photograph of a note handed to her by the poll worker as evidence they were instructed to change the date so that absentee ballots received after 8:00 p.m. on Election Day would be counted.

Poll workers count absentee ballots for the city of Detroit at the TCF Center in downtown Detroit on Tuesday, November 3, 2020. (Photo: Ryan Garza, Detroit Free Press)

The Trump campaign also says that ballots were deposited in remote, unattended drop boxes which are “essentially equivalent to a polling place where a person can deposit a ballot,” but “there is no validation that the individual deposing a ballot in the box is an individual who is qualified to cast a vote or to lawfully deliver a ballot cast by a lawful voter.” The filing says that according to Michigan law, a remote ballot drop box “must use video monitoring of that drop box to ensure effective monitoring…

Now we wait to see if over 100 affidavits and Trump Campaign attorney Thor Hearne are able to persuade a Michigan judge to halt certifying Joe Biden winner the state.

Meanwhile in Philadelphia…

END
We will know one way or another as they begin to hand count the ballots. The hard copy will tell all!
(zerohedge)
GEORGIA

Georgia Announces Hand Recount As Razor-Thin Margins Persist

As President Trump and his campaign file lawsuits in Michigan giving the “false narrative” that President Trump may have won (or at the very least hasn’t yet conclusively lost) the Nov. 3 vote after all, the Secretary of State in Georgia has just announced that there will be a hand recount of all votes.

The decision isn’t unexpected,Georgia Secretary of State Brad Raffensperger warned reporters last week that the state would likely conduct a recount given the razor-thin margin between former Vice President Joe Biden and President Trump.

At last check, Joe Biden has only just edged ahead of President Trump in the Peach state.

It’s just the latest reminder that the MSM may have jumped the gun in declaring GOP questions about the count to be completely baseless, like the NYT reported on its front page.

Maybe it is, in fact, the other way around?

Whatever the result may be, it’s still worth noting if only to point out that America’s fuzzy feelings of certitude, which have been credited to a degree for helping propel markets higher in the wake of the election, might be misplaced.

END 
 
Email from powerful defense attorney Lin Wood to us.  Lin Wood handles the Atlanta bomber case where his client, a security guard was wrongly accused.  He is handling right now Nick Sandman and the 17 year old that is involved in the killing of thugs.  He acted in self defense.
(LinWood)

Fwd: Lin Wood on Twitter: “Time now to rest, comfortable in my belief that @realDonaldTrump won a historic landslide victory across nation on November 3. Be patient. Biden will never be President of our nation. To the contrary, Biden, along with many others, will be an inmate. Be patient. Trust Trump.” / Twitter

>
> We wait to see. ..; affidavits will be out tomorrow and should be shocking.
>
https://twitter.com/llinwood/status/1326428322503462913
end

In case you missed some of the more important posts
this author provides in chronological order the electronic fraud committed by the Democrats
 
(Dr Piazza/Frontsite.com) 

courtesy Dr. Ignatius Piazza
Founder and Director front site.com

special thanks to Robert H for sending this to us!

More (video) evidence of widespread electronic FRAUD by Democrats. STAND FIRM WITH TRUMP…

November 9th, 2020

The evidence of systemic, electronic voter fraud by the Democrats will sink Biden’s attempt to steal the election.

The News Media announced Joe Biden as the 46th President. This does not mean he has won. Votes need to be certified by the states. Elections are certified once every vote is counted and all outstanding legal issues are sorted. As you know there are MANY outstanding legal issues in this election.

The Republicans have discovered what happened. It is just a matter of time now to prosecute their case in the courts. Watch these videos for the truth about what happened on election night and beyond. It is corrupt. It is criminal. It is treasonous. Heads should roll over what they did to you.

And here is more explanation how the Hammer/Scorecard fraud occurred, BUT MORE IMPORTANTLY, the TRUTH that the Republican controlled legislatures in these swing states involved CAN ACTUALLY DECIDE THIS ELECTION FOR TRUMP BY APPOINTING ELECTORS TO THE ELECTORAL COLLEGE WHO WILL APPLY THEIR ELECTORAL COLLEGE VOTES FOR TRUMP!

We are living in a time of history that will be talked about for generations to come. We either stand with President Trump to save our Republic or we turn a blind eye to the criminal fraud and corruption of the Democratic party, and forever live in a country controlled by Big Tech, Bias Media, and Criminally Corrupt Political Operatives!

Want to see the electronic fraud in real time? Watch this…

And watch this to learn the executive who runs the software company committing the fraud and who is a major shareholder in the software company committing the fraud…

STAND FIRM WITH TRUMP NO MATTER HOW LONG IT TAKES.

There is a deadline for certifying the results of the election, and it varies by state. Most states must be done by the end of November, but temporary restraining orders (TRO’s) and injunctions can be issued by judges to override deadlines when there are issues of fact in legal claims and evidence supporting extending the election certification deadlines.

So today, President Trump is going to start filing litigation over numerous issues of voter irregularities, fraud, illegal changes in the voter rules, etc.

I believe the Trump legal team should demand a FORENSIC BALLOT AUDIT. Much like a forensic financial audit, where every financial item is not only verified, but the authenticity and paper trail of the item is also determined, so must EACH AND EVERY VOTE in a forensic ballot audit.

Starting with every vote in Pennsylvania, each vote should be forensically investigated, at a minimum, to determine the following:

  1. Is the vote from a LIVE, IN STATE, REGISTERED VOTER? If not, throw it out.
  2. Does the ballot have a signature that matches the voter registration card? If not, throw it out.
  3. Is the vote the ONLY vote from an IN STATE, REGISTERED VOTER? If not, throw out ALL votes from that voter as the voter violated Federal Election Laws. Then arrest that voter and prosecute him or her for voter fraud.
  4. Was the vote received or postmarked by November 3, 2020. If not, throw it out.
  5. Was the vote received at the voter polling station by 8pm on November 3, postmarked or not? If not, throw it out.
  6. Was the vote tampered with, illegible, or marked in any manner that does not demonstrate a clear vote for either candidate? If so, throw it out.
  7. Did the vote as marked, actually record for the proper candidate when entered in the electronic scanner? If not, take a vote away from the candidate who received the improper credit and credit the proper candidate.
  8. ALL votes received AFTER 8pm on November 3 in “dumps” must be sourced back to the original location that they came from and individuals involved in delivering the “dumps” must be questioned intensely to determine who was behind the dumping of votes in the wee hours of the morning on November 4 and beyond. Anyone involved in the fraudulent dumping should be arrested and prosecuted.
  9. EVERY polling worker in every voter precinct of the key states in this election should be interviewed under immunity to give them an opportunity to come forward and disclose any voter fraud they witnessed or were instructed to perform by their supervisors or Democratic operatives.
  10. EVERY postal worker in the state, should be given the opportunity under immunity to come forward and disclose any voter fraud they witnessed or were instructed to perform by their supervisors or Democratic operatives.

After Pennsylvania, the rest of the states that Trump was winning before the vote count was halted on November 3 must also undergo a forensic ballot audit.

YES, this will be TIME CONSUMING, EXPENSIVE, and POLITICALLY BLOODY, but NOW is the time that we MUST DEMAND a forensic ballot audit and smoke out all the fraud the Democrats perpetrated on the American people in this election.

If we do not make a stand NOW and fight for fair and transparent elections, we will never have a fair election again.

WE MUST EXPOSE the CORRUPTION and FRAUD of the 2020 Presidential Election or we will never have a fair election again.

If the Democrats get away with what they did this time, you will never see anyone other than a Democrat win an election again. And the midterms elections are coming up in two years!

The Democrats, if allowed to get away with what they did to Donald Trump, will do to the Senate race in two years, what they just did to the presidential race.

As we saw starting on the evening of November 3, when the count was halted with Trump winning big, through today where the Biden Vote Dumps keep showing up, no RED WAVE, no matter how big, can overcome systemic voter fraud and corruption by the Democrats.

Donald Trump SHOULD NOT and WILL NOT concede the election. I will give you all the ammunition you need to defend the President’s actions in a moment, but first let me warn you…

It is going to get ugly for Donald Trump and people like us, his supporters. RINO Republicans (Republicans In Name Only) like Presidential-Loser-Without-a-Fight, Mitt Romney are going to start imploring Trump to concede “for the unity for the country.”

As we get into December, the left wing radical mobs will start filling the streets of every major city demanding that President Trump step down. Rioting and looting and burning down these cities will occur in greater frequency than we have ever seen. The violence will spill into the suburbs. The White House will be surrounded 24 hours a day with protests and violence, demanding President Trump step down.

The media will castigate Trump and people like you and me for not stepping aside for Biden, and blame us for the violence.

YES, this will get ugly. Yes it will be politically bloody. But NOW is the time that we MUST FIGHT FOR WHAT IS RIGHT. If we do not make a stand NOW and fight for fair and transparent elections, we will never have a fair election again. WE MUST EXPOSE the CORRUPTION and FRAUD of the 2020 Presidential Election to save America.

Donald Trump SHOULD NOT and WILL NOT concede the election.

Just remember, what we must overcome in the next weeks or months is NOTHING compared to what our Founding Fathers overcame to give us our freedom. We can do this and we MUST do this. The future of America is in our hands. We must do what our Founding Fathers would do, if they were here today.

This election was fraudulent from the start with all the voting rule changes that were made without proper legal authority.

This election was fraudulent from the start with all the ballots that were mailed out unsolicited.

This election was fraudulent from the start with the voting software that was used.

Here is just SOME of the proof for you to STAND FIRM with President Trump in his unwillingness to concede an election that was rigged from the start to be stolen for you.

From CBS News, TWO months BEFORE the election as Democrats filed lawsuits to allow massive, unsolicited mail in ballots and remove matching signature requirements. This was premeditated fraud…

CBS News

Washington — With Election Day 50 days away, the 2020 election battle is being waged not only on the campaign trail, but also in courtrooms around the country, as efforts to alter voting procedures during the coronavirus pandemic have spawned a barrage of legal challenges and left the presidential campaigns amassing armies of lawyers ready to fight after the ballots are cast.

As of August 31, there have been at least 245 coronavirus election cases filed in 45 states, the District of Columbia and Puerto Rico, according to Justin Levitt, a professor at Loyola Law School, who has been tracking the disputes that seek to shape the election rules. He says he started counting the cases a few months ago. Now, he writes, “I’ve tracked quite a lot of them. (And I’m 100% sure I’m missing some.)”

Election law experts say each cycle tends to bring with it an uptick in new lawsuits, but this year is unique.

One of the biggest and most recognized illegal and fraudulent change in the voting rules is in Pennsylvania, where Democrats, who could not get the legislature to change the rules, went to the Pennsylvania courts to illegally change the voting rules. Only the Pennsylvania legislature can make changes to voting rules. This was already in front of the US Supreme Court to decide the merits of the case, but Justice Roberts with only 8 justices on the Court, kicked the can down the road, hoping it would not be an issue that the Supreme Court would need to decide. Well NOW, they will need to decide it with a 6-3 conservative Court. The Supreme Court will be deciding MANY other cases related to this fraudulent election as well.

And here is the an example of what happens when Democrats fraudulently mail out TONS of unsolicited ballots and remove signature matching requirements. People who have died but are still on registration rolls receive ballots mailed to their last known address. People who have moved out of state, but a ballot is sent to their last known address. MULTIPLE ballots being sent to the same person. What happens in this fraudulent situation? This is what happens…

turnout

In past presidential elections a GREAT turnout is 60% of registered voters. HOW IN THE HELL can these Democratically controlled swing states have 96 to 125% turn out WITHOUT VOTER FRAUD? How can we accept and count ballots from more voters than those registered to vote? PROOF OF FRAUD? THERE IT IS!

And then there is the Technology Fraud of this election. Think this was an accident? Read this…

HUGE! Corrupted Software Used in Michigan County that Stole 6,000 Votes from Trump — Is Also Used in ALL SWING STATES — PA, GA, NV, MI, WI, AZ, MN!

By Jim Hoft
Published November 6, 2020 at 8:35pm
1129 Comments

GOP Chair

A so-called computer “glitch” fix in one of Michigan’s counties has led to 6,000 votes switching from Joe Biden to President Trump. The Head of the Republican Party has asked for an additional 47 counties be recounted after the fix since these 47 counties also use the same Dominion software.

A so-called computer glitch has been uncovered in Michigan today and it resulted in swapping 6,000 votes from Joe Biden to President Trump.

Dominion Software is used in 28 US states including ALL OF THE BATTLEGROUND STATES.

The Dominion software “glitch” ONLY took votes from President Trump and Republicans.

Dominion is used in 30 different states.

FS Image

Dominion is used in EVERY SWING STATE!

  • Nevada
  • Arizona
  • Minnesota
  • Michigan
  • Wisconsin
  • Georgia
  • Pennsylvania

And NUMEROUS COUNTIES in Georgia also used the software!!

This is turning into a MASSIVE scandal!

Democrats thought this “glitch” would be enough to beat Donald Trump.
They had no idea he would have the greatest landslide and vote totals in US history!

So then they had to dump Hundreds of Thousands of ballots in to the swing states they lost!

The fraud of the ballot dumping is best demonstrated by the statistical IMPOSSIBILITY of 100% of the votes in the late night, after election day has passed ballot dumps going to Joe Biden. Read this…

What Are the Impossible Odds of 139,339 Ballots all Going to Biden?

Ammoland Inc. Posted on November 5, 2020 by Don McDougall

So let me start; my BA is in applied mathematics out of UCLA. Besides writing occasional gun articles, I use these skills every day for Green Energy Consulting.

When I saw reports that a block of 2020 Presidential absentee ballots turned up all 100% for Biden, a so-called “error” that was later corrected when called out by conservative reporters; I asked the question, is that likely or even mathematically possible?

The answer is simple NO; it is not. So here’s why and how you calculated the estimates.

Consider a coin; you flip it, what are the odds that it would come up heads. Well, 50/50, right? The chance of two heads in a row is 25% Three heads in a row 1 in 8. The possible patterns look like this. (H stands for heads, T for tails)

  1. HHH
  2. HHT
  3. HTT
  4. HTH
  5. THH
  6. THT
  7. TTH
  8. TTT

Only one of the eight possible options is all heads. Try it for yourself.

Assuming 139,339 “found” ballots, what are the odds that they are all for Biden, one of the worst candidates for President in our history?

First off, we have to weigh the chances of a Biden ballot. All early ballots mailed a week ago from a democratic stronghold. Let’s be generous and say 90% of those ballots are for Biden. (.80)139,339

Now let’s make the math easy, how many times out of 100 ballots being pulled, given 90% of the ballets would be for Biden, would you get all Biden Ballots?

2.65 times out of 100,000. Or 1 out of every 38,000 times. Now, this is just for 100 ballots. For 139,339 ballots, the odds are just about infinitesimal. So close to zero that the calculation has 1000+ zeros.

If I use 1,000 ballots, the odds are 0.000000000000000000000000000000000000000000000174787125172274 to 1.

Printing out the odds number for 139.339 ballots would fill the page with zeros.

Now consider this, we see lots of 10,000’s ballots bunches turn up, all for Biden in every democratically controlled state. The odds of 1,000 ballots all-for-one candidate are so close to zero as statistically impossible. (The increases in the odds are geometric, not linear, by the way.) The odds of 10,000 ballots, let alone 139,339 ballots are even worse.

We are witness to the most incredible national effort at voter fraud in American History, and the people involved have no shame or remorse. The media is complicit in not covering these issues.

“There’s more to an election than mere votin’, my boy, for as an eminent American once said: ‘I care not who casts the votes of a nation if they’ll let me make the count. ‘” — from Uncle Henry, a novel by George Creel, 1922.

And of course, there is the video where Biden actually tells the truth. Of course, he is going to claim this was just a slip of the tongue. REALLY? This is the definition of Freudian Slip (of the tongue)

A Freudian slip, also called parapraxis, is an error in speech, memory, or physical action that occurs due to the interference of an unconscious subdued wish or internal train of thought.

Here is Joe Biden, admitting what he has REALLY done…

So NO, President Trump WILL NOT and SHOULD NOT concede his election. This was a fraudulent election from BEFORE November 3, THROUGHOUT November 3, and WELL AFTER November 3.

Thank God that Trump is a fighter and he is willing to fight for Truth, Justice, and the American Way.

The BIG QUESTION is WHAT TO DO ABOUT IT and HOW TO BEST FIGHT?

THERE ARE MANY SOLUTIONS and THEY ALL MUST BE USED. This will be TIME CONSUMING and EXPENSIVE, BUT MUST BE DONE TO SAVE FREEDOM AND FAIR ELECTIONS

Here is one of the many solutions I will share with you as we move through the months or even years that TRUMP fights for us.

Trump is going to expose the Democratic Party’s corruption and voter fraud that Republicans have complained about for years, through all the lawsuits and investigations needed to prove voter fraud.

Donald Trump has the Combat Mindset we teach students to demonstrate, when confronted with a lethal encounter: focused, overwhelming, controlled aggression. In Trump’s case it is a “legal” encounter involving what he believes is voter fraud. He will attack the Democrats with focused, overwhelming, controlled, legal aggression.

We have never had a candidate like Trump who is willing to take the fight to the Democrats with focused, overwhelming, aggressive, legal force.

He will defeat the Democrats and the Liberal Media, through the Supreme Court if he must, to claim his rightful victory in a FAIR election we all voted for…

Donald J Trump

This could get ugly before it is resolved.

There could be civil unrest and violence by the radical left like we have never seen before in this country.

It is time to get YOUR ENTIRE FAMILY trained.

If you have not already done so, simply take advantage of my offer BELOW to train you in a $2,000 Four Day Defensive Handgun Course absolutely FREE OF CHARGE, with no hidden surprises, catches or obligations that you can use at any time in the future, with no expiration date, or transfer to anyone who has not yet attended a course at Front Sight.

Forward this email to EVERYONE YOU KNOW AND CARE ABOUT and encourage them to get trained and prepared for the future, should this fraud on the American people escalate into a situation where we must protect and defend ourselves and families.

It all starts with you becoming a walking, talking representative of safe, responsible, proficient and expertly-trained gun ownership, by grabbing your free course! Get it here:

Front Sight Video

And remember, once you secure your course to use at any time in the future, I can give you even more amazing benefits and bonuses, including placing $100 in the Front Sight account you establish when you secure your free handgun course and give you the opportunity to get free guns… LOTS of free guns.

There is a reason why my hundreds of thousands of students and members call me the Millionaire Patriot. It’s time for you to find out why too!

Sincerely,

Dr. Ignatius Piazza
Founder and Director
Front Sight Firearms Training Institute
7975 Cameron Drive, #900
Windsor, CA 95492
http://www.frontsight.com
info@frontsight.com
1.800.987.7719

Entry Filed under: Dr. Ignatius Piazza,Monday Blog Posts,Newsletter.

END

Trump tams files 234 pages of affidavits alleging election irregularities

in Michigan

Ly (Epoch Times)

McEnany Unveils 234 Pages Of Affidavits Alleging Election Irregularities In Michigan

Authored by Mimi Nguyen Ly via The Epoch Times,

White House press secretary Kayleigh McEnany late Tuesday announced 234 pages of what she said were sworn affidavits alleging election irregularities in a county in Michigan.

McEnany appeared alongside Republican National Committee Chair Ronna McDaniel on Fox News’ “Hannity,” where she shared several allegations listed in the affidavits—statements made under penalty of perjury – from Wayne County.

“We keep hearing the drumbeat of ‘where is the evidence?’ Right here, Sean, 234 pages of sworn affidavits, these are real people, real allegations, signed with notaries,” McEnany said.

“They’re alleging – this is one county, Wayne County, Michigan – they are saying that there was a batch of ballots where 60 percent had the same signature,” she told host Sean Hannity.

“They’re saying that 35 ballots had no voter record but they were counted anyway, that 50 ballots were run multiple times through a tabulation machine.”

McEnany also shared details of another affidavit where a woman alleged that “her son was deceased but nevertheless somehow voted.”

“These are one of many many allegations in one county, and a county no less, where poll watchers were in many cases threatened with racial harassment, they were pushed out of the way, and Democrat challengers were handing out documents, how to distract GOP challengers,” she continued.

“These are real, and anyone who cares about transparency and the integrity of the system should want this to pursue to the discovery phase.”

On Monday, President Donald Trump’s reelection campaign filed a suit in Wayne County Circuit Court alleging voter fraud in ballot-counting procedures. The suit alleges county election officials allowed various fraudulent processing of votes, including telling poll workers to backdate ballots and not verify signatures on absentee ballots. Several witnesses have filed sworn affidavits attesting to alleged election fraud. The plaintiffs, two poll challengers, are seeking a temporary restraining order on ballot counting. The case is pending.

Late Tuesday, the Trump campaign announced the filing of a lawsuit in the U.S. District Court in the Western District of Michigan that alleges pervasive election irregularities and violations in Wayne County and seeks a review of the Dominion Voting software which caused glitches in several states.

A number of media outlets declared Democratic nominee Joe Biden president-elect on Nov. 7 after they projected victories for him in Pennsylvania and Nevada, putting him over the 270 electoral vote threshold, although the vote counts have not been completed in those states. Vote counts also continue in Georgia and Arizona. Georgia and Wisconsin will have recounts of the votes, where results initially yielded a Biden lead.

Trump has alleged voter fraud and said any declarations of victory are premature, with his campaign having launched multiple legal challenges in Pennsylvania, Wisconsin, Georgia, Arizona, Nevada, and Michigan. The president said on Tuesday that his campaign is making progress and said that he will ultimately be declared the winner of the 2020 election.

RNC Chairwoman Ronna McDaniel speaks during a press conference at the Republican National Committee headquarters in Washington on Nov. 9, 2020. (Samuel Corum/Getty Images)

McDaniel told Hannity that the Trump campaign has received 11,000 incident reports and has compiled at least 500 affidavits from witnesses across various states.

“It is a long process and people need to be patient. The media keeps saying ‘where’s the evidence, where’s the evidence,’ because they’re not giving us time to show it,” she said.

“But even the evidence we’re putting forward they’re deciding ‘oh we’re not going to report it’ or ‘we’re going to break away from press conferences’ and we don’t want to hear from these 500 people who have signed affidavits talking about what they saw with this election.”

McDaniel’s comments come after Fox News late Monday swiftly cut away from airing a briefing by the Trump campaign, after McEnany appeared to allege that the Democrat Party had been involved in election fraud. The outlet claimed that McEnany did not have details to back up her allegations.

The Epoch Times isn’t calling the race until the legal battles are resolved, all results are certified, and the Electoral College votes are cast.

END

Maryland
Maryland utilities could begin shutting off power to delinquent customers even with COVID hardships
(zerohedge)

Maryland Utilities Could Begin Shutting Off Power To Delinquent Customers With COVID Hardships  

With millions of Americans out of work and a national eviction crisis that could erupt in 2021 when the eviction moratorium ends on Dec. 31, those, who are already facing eviction and behind on their utility bills, could have their water, gas, and electricity turned off as soon as this weekend, according to FOX 5 DC.

As soon as Sunday, Nov. 15, Maryland utility companies will be permitted by the state to start terminating customers with overdue bills, many of which were unable to pay because of job loss due to the coronavirus downturn.

According to Maryland’s Department of Human Services, affected customers will have 45 days from the date of a termination notice to seek a payment plan or energy assistance.

FOX 5 DC says, “the number of people behind on utility bills is staggering.” 

More than 20,000 have not paid their water bills in Anne Arundel County, up from 1,000 this time last year. WSSC Water, which provides water for Montgomery and Prince George’s counties, said as many as 100,000 past due accounts totaling $60 million was recorded last month.

Tonya Hughes, who lives in the Montgomery area, said she’s been financially crushed by the virus pandemic and is struggling to pay utility bills.

“Right now with my water and utility bills, it’s basically trying to pay between both of them-calling both utility companies and asking them for an extension,” said Hughes.

While FOX 5 DC only focused on a few Maryland counties – we suspect there are more delinquent customers across the Baltimore metro area. Take, for example, food bank lines (see: here & here) were spotted in the Baltimore area late summer – which was around the time the federal stimulus program was expiring.

Watch FOX 5 DC’s Report Of Maryland Utility Shutoffs Could Begin Next Week

Imminent utility shutoffs in Maryland is not an isolated event – a new report via energy efficiency startup Carbon Switch warns that many emergency orders by state and local governments to prevent utility companies from shutting off services during the virus pandemic are ending this fall.

Carbon Switch claims as many as 34.5 million households will be left without protections – with the risk that some of these households – like the ones in Maryland will experience shutoffs in the near term.

“There’s going to be a tidal wave of utility shutoffs,” Michael Thomas, founder and head researcher of Carbon Switch, told CNBC.

“That’s because in some states, as many as a third of households are behind on payments. Typically, only about 7% to 9% of Americans are delinquent on their payments, he said. “It’s just crazy by any measure,” Thomas said.

The economic crisis battering working-class families is far from over. Internet searches for “help paying electric bill” on a national level hit a new record high this month according to Google Trends.

We suspect these desperate internet searches of the working-poor Americans, seeking assistance to pay for electricity, will continue to surge as gridlock in Washington has delayed the next round of stimulus checks

end

iv) Swamp commentaries

Wow!!  John Brennan the architect of the Russian hoax is screaming mad that Trump will declassify everything!.  Brennan is now calling for a “palace coup” to replace Trump with Pence.  Brennan is scared out of his mind that the documents will point the figure at him, the architect of this hoax!

(zerohedge)

Ex-CIA Chief Under Obama Urges Palace Coup Against Trump So He Doesn’t “Declassify Everything”

Days ago amid the Trump administration’s election challenge turmoil which has resulted in over a dozen lawsuits filed in several battleground states, Donald Trump Jr. urged the president to unleash the nuclear option“DECLASSIFY EVERYTHING!!!” he wrote in all caps on Twitter. “We can’t let the bad actors get away with it.”

Others also picked up on the idea: “Here’s something constructive Trump could do before leaving office at noon on January 20: he could order — demand, insist — that all classified intel and other documents related to the origin of the Russia/election investigation be declassified and released to the public forthwith — unredacted,” columnist Sheldon Richman wrote.

It didn’t take long for this distinct possibility to attract the attention of both the mainstream media and the intelligence establishment which has so long been at odds (or even at ‘war’) with the president. Reacting specifically to the ouster of Defense Secretary Mark Esper on Monday, ex-CIA spy chief under the Obama administration John Brennan essentially urged a palace coup against Trump prior to January 20th to ensure he doesn’t declassify anything sensitive or too revealing:

In the incredible Monday evening CNN interview, Brennan – himself responsible for stoking the now widely debunked Russiagate claims from the start of the Trump presidency – brazenly urged Vice President Mike Pence to seize power.

He asserted that despite Biden preparing to transition into the White House on inauguration day, still two months away, at this point Trump is a threat to national security:

“I’m very concerned what he might do in his remaining 70 days in office,” said Brennan on Monday’s edition of Cuomo Prime Time. “Is he going to take some type of military action? Is he going to release some type of information that could, in fact, threaten our national security interests?”

Brennan took things even further and added specifics in terms of what the former longtime spy chief wants to see happen: “If Vice President Pence and the cabinet had an ounce of fortitude and spine and patriotism, I think they would seriously consider invoking the 25th Amendment and pushing Donald Trump out because he is just very unpredictable now,” he added.

And referencing what appears to be a post-election purge and exodus following multiple federal agency top officials either being pushed out or resigning since last Thursday even as votes were being tallied, Brennan suggested this is part of a Trump conspiracy to compromise national security.

“If Mark Esper has been pushed aside because he is not listening to Donald Trump, carrying out these orders, who knows what his successor, this acting secretary Chris Miller’s going to do if Donald Trump does give some type of order that really is counter to what I think our national security interests need to be,” Brennan said.

But thankfully few actually in power are likely to listen to John Brennan, given his sour grapes and anger at Trump has clearly long been personal.

After all, who can forget this episode?

John O. Brennan, the C.I.A. director under President Barack Obama, struck back at President Trump on Thursday for revoking his security clearance, calling the president’s claims of “no collusion” with Russia to influence the 2016 election “hogwash” and arguing that the commander in chief was trying to silence anyone who would dare challenge him.

So given Brennan is now openly and literally calling for an illegal overthrow of the sitting president of the United States, Trump now appears fully vindicated in having revoked his security clearance in the first place.

end
MINNEAPOLIS/MINNESOTA
Seems that everybody in Minneapolis is sorry that they defunded the police as crime rates soar.
(Preston/PJMedia.com)

Remember When Minneapolis Defunded Its Police? They’re Regretting That Now

Authored by Bryan Preston via PJMedia.com,

The latest news from Minneapolis is… totally predictable, actually.

Minneapolis officials are considering bringing in officers from other jurisdictions to help the city’s Police Department as they face a wave of violent crime and an officer shortage.

If the mayor and City Council approve the plan, officers from the Hennepin County Sheriff’s Office and Metro Transit Police would temporarily work with the city, primarily helping to respond to violent 911 calls.

So they’re not just going to draft and send social workers?

The proposal comes about five months after a majority of council members promised to work toward “ending” the Police Department following George Floyd’s death.

The city has struggled to combat a wave of violent crime, recording 74 homicides so far this year.

At the same time, an abnormally large number of officer departures following Floyd’s death and the subsequent unrest has strained the department’s resources. Some officers have filed PTSD claims.

According to KSTP there were 48 homicides in Minneapolis in all of 2019. There are still nearly two months to go in 2020. Doubling last year’s homicide number is not out of the question. Minneapolis also faces a lawsuit from residents who say the city is violating its own charter by operating its police department below mandatory staffing levels.

The crime wave many cities including Minneapolis are suffering was completely predictable and totally avoidable. City councils acted rashly to appease activist mobs. In every single case, it was Democrats who made the terrible choice to gut their police departments and turn their cities over to chaos and violence.

It’s going to cost a fortune to get cities that defunded their police to become stable and safe again. They threw away 20 years of progress against violent crime in a few days. Recovery will be long and uncertain.

end

Figures!!

Pfizer’s CEO Dumps 62% Of His Stock On COVID Vaccine Announcement 

On Monday, Pfizer shares soared 16% following a bullish statement on the company’s experimental COVID-19 vaccine showed 90% effectiveness in preliminary results. Then on Tuesday, according to a Securities and Exchange Commission filing, Pfizer CEO Albert Bourla sold 62% of his stock.

The SEC Form 4 filing showed Bourla sold 132,508 shares at an average price of $41.94 per share, equivalent to $5.6 million – nearly top-ticking the 52-week-high.

Bourla’s sale was conducted under Rule 10b5-1, established by the SEC, allowing the corporate insider to sell a predetermined number of shares at a predetermined time. A Pfizer spokesperson told Axios that the CEO’s predetermined trading plan was formed in August.

Despite the sale being perfectly legal under Rule 10b5-1 to avoid accusations of insider trading, the optics aren’t great for Bourla, who still managed to top-tick the 52-week-high on the sale on news day. One can argue that he couldn’t have known the results of the vaccine trial months ahead of time. And while all this is coming out just days after a critical US election, though it’s not clear if that was a trigger.

Other pharmaceutical companies such as Moderna, also producing a COVID-19 vaccine, experienced similar insider selling over the summer around vaccine news – where insiders dumped tens of millions of dollars of stock.

Under the cover of Rule 10b5-1, corporate insiders at some pharmaceutical companies are already running for the exits by dumping their stock, of course, it’s easier to commit to pre-plan sales of stock when you know you can pump the price by simply publishing a press release.

Oh this one is good:  the supposed main water break in Atlanta was no such thing:  maybe just a tiny leak that was contained immeditely

(Hoft/Gateway Pundit)

Amid Calls For Unity & Civility, Lincoln Project Doxxes Lawyers Representing Trump In Election Battles

Authored by Jonathan Turley,

The Lincoln Project is airing a commercial today celebrating the end of the politics of division and personal attacks as Twitter removed a tweet (with a skull-and-crossbones emoji) from The Lincoln Project that sought to target lawyers simply because they represent the Trump campaign.

The crushing irony is magnified by the fact that Rep. Alexandria Ocasio-Cortez (D-NY) has called for liberals to start to assemble enemy lists of people who were “complicit” in the Trump Administration and the first entry was . . . you guessed it … the Republicans who founded the Lincoln Project. It is the reality of our doublespeak politics. Call it skull-and-crossbones civility.

The Lincoln Project called on its almost 3 million followers to hound and harass attorneys Carolyn McGee and Ronald Hicks for assisting the Trump team in its legal battle over mail-in ballots in Pennsylvania.

Lincoln Project tweet (FNC screenshot)

The Lincoln Project tweeted, “Make them famous,” to its 2.7 million followers along with an emoji depicting a skull-and-crossbones.  This is the targeting of lawyers who are doing their professional jobs in representing a client and raising allegations of voter irregularities. The Lincoln Project is clearly trying to unleash a campaign of harassment to deter them or other lawyers from taking such cases. Rather than allow the courts to simply rule on such legal challenges, the Lincoln Project is trying to scare off the lawyers.

Twitter stated:

“The Tweet referenced is in violation of the Twitter Rules on abusive behavior. The account owner will be required to delete the violative Tweet before regaining access to their account.”

At the same time, the Lincoln Project is airing a commercial of how we can finally “put people before politics” as they pursue people who are supporting Trump in court.

In the meantime, the members of Lincoln Project are being moved from the resistance to the reactionary category in the aftermath of the election. When asked about AOC’s call for a black list, Sanders surrogate Nomiki Konst helpfully noted that the first on the list would be people like the former Republicans in the Lincoln Project. She said that those people like George Conway are the “perfect examples” of people to be cancelled despite their work against Trump. That did not take long. After spending millions in support of Biden, Knost and AOC are calling for all such figures to be listed and held “accountable.”

The contrast is evident across the political spectrum as leaders herald Biden as the “healer” while denouncing Trump supporters. Former first lady Michelle Obama denounced “tens of millions of people voted for the status quo, even when it meant supporting lies, hate, chaos, and division.” Media figures have called Trump supporters racists and compared them to Nazis after the election while rejoicing that the era of personal division is over.

Lists are being compiled. The Trump Accountability Project, led by staffers who worked for former Mayor Pete Buttigieg and President Barack Obamais making lists of Trump administration officials to hound them out of any employment opportunities.   Former Obama spokesman Hari Sevugan proudly tweeted “WH staff are starting to look for jobs. Employers considering them should know there are consequences for hiring anyone who helped Trump attack American values.

For those members of the Lincoln Project, it may be useful to remember the holds of our 16th President: “With malice toward none; with charity for all; … let us strive on to finish the work we are in; to bind up the nation’s wounds…”

Jones Day has issued a statement regarding election litigation (emphasis ours)

Jones Day is not representing President Trump, his campaign, or any affiliated party in any litigation alleging voter fraud. Jones Day also is not representing any entity in any litigation challenging or contesting the results of the 2020 general election. Media reports to the contrary are false.

Jones Day is representing the Pennsylvania GOP in pending litigation brought by private parties in April 2020 and the Pennsylvania Democratic Party in August 2020. In that litigation, the Pennsylvania Supreme Court issued an order extending the statutory deadline to return mail-in ballots established by the Pennsylvania General Assembly.

The Republican Party of Pennsylvania, through Jones Day, has sought review in the United States Supreme Court on the ground that the order is unconstitutional because it usurped the Pennsylvania General Assembly’s plenary authority to determine election procedures including the deadline for absentee ballots. The United States Supreme Court is currently deciding whether to grant certiorari. Four justices agreed with our client’s position, and voted to grant a stay, indicating that they believed there was a fair prospect of review and reversal by the Court. Three justices have issued a statement that there is “a strong likelihood that the Pennsylvania Supreme Court’s order violates the U.S. Constitution.” On November 6, Justice Alito ordered Pennsylvania election officials to segregate ballots arriving after the statutory deadline to preserve the issue and to have a record of the vote with and without the segregated ballots.

This case presents an important and recurring rule-of-law question under the U.S. Constitution. Indeed, on November 9, seventeen (17) States filed amicus briefs supporting this cert petition and asking the U.S. Supreme Court to grant review.

Jones Day will not withdraw from that representation.

Jones Day expects that the media will correct the numerous false reports given the facts set forth above, all of which were readily verifiable in the public record.

end

end

REAKING EXCLUSIVE: Open Records Request Finds NO INVOICES OR WORK ORDERS on Reported Election Day Water Main Break in Atlanta — Here’s What We Found…

What really happened in Georgia when the water main reportedly broke causing a delay the election counting in the state?

On election night in Georgia President Trump was running away with the Presidential election, then suddenly it was reported that vote counting had stopped in Fulton County due to a water main break in Atlanta.

According to CBS WVLT8 ballots in Georgia would not be counted due to a water main break:

TRENDING: BREAKING EXCLUSIVE: Open Records Request Finds NO INVOICES OR WORK ORDERS on Reported Election Day Water Main Break in Atlanta — Here’s What We Found…

Nearly 40,000 absentee ballots will not be counted for the state of Georgia until at least Wednesday after a water main break, Fulton County officials said.

According to officials, a water main break at State Farm Arena caused a pipe to burst. The burst pipe was discovered around 6 a.m. Counting of the ballots began at 11 a.m.

WVLT8 also released a statement from the Secretary of State related to the incident:

Tonight Fulton County will report results for approximately 86,000 absentee ballots, as well as Election Day and Early Voting results. These represent the vast majority of ballots cast within Fulton County.

Did Democrats cheat in Georgia?
99% (814 Votes)
1% (7 Votes)

As planned, Fulton County will continue to tabulate the remainder of absentee ballots over the next two days. Absentee ballot processing requires that each ballots is opened, signatures verified, and ballots scanned. This is a labor intensive process that takes longer to tabulate than other forms of voting. Fulton County did not anticipate having all absentee ballots processed on Election Day.

(States like Florida count these ballots before the election and provide up to date results which enables them to provide final results on election night.  Any state that doesn’t count ballots before the election when received so winners can be announced on election night appears to place ulterior motives ahead of transparency and timeliness.)

One Georgia resident, attorney Paul J. Dzikowski, attempted to obtain more information on the reported water main break in Atlanta.  He sent a letter to and requested any information related to the water main break under the Georgia Open Records Act.  This is what he wrote in his request:

Please accept this correspondence (and the attached letter) as a request for production and inspection of records under the Georgia Open Records Act, O.C.G.A. § 50-18-70, et seq. (the “Act”). Please produce, for inspection and copying, the following records:

• ALL “Public records” related to the burst pipe at State Farm Arena that occurred on or about November 3, 2020, which impacted the counting of ballots by Fulton County authorities, including and not limited to internal and external communications with any person(s), communications with Fulton Co. Board of Registrations and Elections, memoranda, notes, work orders, requisitions, invoices, repair records, and all other public records.

This request is intended to be as comprehensive as possible and should be interpreted as broadly as the law allows, in accordance with the Act, and shall encompass records in paper form and any electronic and digital format. I look forward to your prompt response as soon as the records are available for inspection and copying but in no event more than three (3) business days following your receipt of this request, as required by the Act.

In response the only public records generated as a result of the alleged “burst pipe” that halted the counting of ballots in Atlanta (Fulton Co.) were a few text messages.  These messages were with the Sr. Vice President of the Atlanta Hawks, Geoffrey Stiles, who called it a “slow leak” that was “contained quickly,” and he said the entire thing was “highly exaggerated.”

No repair orders or work orders or invoices from a plumber associated with this “burst pipe” were provided.  Nothing.

Dzikowski also filed a similar request with the Fulton County Board of Registrations and Elections which resulted in no records being located per their response.

What really happened on election night in Atlanta and what was the real reason they stopped counting tens of thousands of absentee votes until the next day?

Submit a Correction

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

Pfizer Vaccine Results Leave Questions about Safety, Longevity [After close on Monday]

  • More data coming from studies; distribution issues remain
  • Effectiveness of 80% possible in older people: BioNTech CEO

Questions about production, distribution and, most importantly, the performance and capability of the shot itself still need to be answered, even if the numbers look highly promising, according to vaccine specialists…  https://www.bloomberg.com/news/articles/2020-11-09/pfizer-vaccine-results-leave-questions-about-safety-longevity

 

Bloomberg: Eli Lilly’s Covid-19 antibody therapy gets emergency FDA clearance, widening access to a treatment that early data show can keep some patients out of hospital. The drug is called bamlanivimab. https://trib.al/MkXImdn

With Trump capturing North Carolina and evidence of voting irregularities mounting, the betting odds on Trump retaining the presidency are rising.  This could inject uncertainty into the markets in coming days.

Furthermore, the GOP picked up a Senate seat (NC) and two more House seats.  With a dozen or so House races still pending, it appears Dems will keep the House with a slim majority.  Yesterday, House Minority Leader McCarthy said Nancy Pelosi does not have the votes to remain as speaker.  This is more uncertainty as to the disposition of the House.  If the GOP captures enough of the remaining seats, could they induce a handful of Dems to vote for a GOP Speaker or switch to the GOP so that they don’t lose their seats in 2022 when a GOP tsunami, based on history of administration change, could appear?

Nancy Pelosi refuses to denounce socialism as she seeks another term as speaker

The leftwing ideology has become a growing wedge issue within the Democratic Party

https://www.foxnews.com/politics/nancy-pelosi-refuses-to-denounce-socialism

Ex-Nevada AG @AdamLaxalt: The Registrar unilaterally lowered the signature-matching accuracy standard on the machine used to count ballots to 40 percent — below the recommended settingAI and computer-vision experts have said that once the factory setting on the machine is removed, it takes months of effort from a massive team with the appropriate expertise to get it back to a reliable standard.  AI and Computer Vision experts are telling us that after manually lowering the signature setting that the machine they used for signature verification in Nevada is not reliable. Over 200K votes counted with it. The next 400K plus signatures were matched without real observation.    https://twitter.com/TrumpWarRoom/status/1326212982083293185

 

@molmccann: I know this is deadly serious, but I can’t help laughing. @Peoples_Pundit reported today that “we are now approaching, and in some metros will exceed, turnout levels that are comparable to nations where mandatory voting is the law.” You just can’t make this up.

Detroit City Elections Employee: Workers Coached Voters for Biden, Changed Dates on Ballots

https://www.breitbart.com/politics/2020/11/09/detroit-city-elections-employee-workers-coached-voters-for-joe-biden-changed-dates-on-ballots/

Michigan AG Dana Nessel Sends Cease and Desist Order to Journalist Demanding He Erase His #DetroitLeaks Video Showing Voter Fraud Training — OR FACE CRIMINAL PROSECUTION

https://www.thegatewaypundit.com/2020/11/huge-exclusive-michigan-ag-dana-nessel-sends-cease-desist-order-journalist-demanding-erase-detroitleaks-video-showing-voter-fraud-training-face-criminal-prosecution/

 

Stunning Sworn Affidavit from Former MI Asst. AG: Election Worker Assigned New Names to Voters When It Appeared Absentee Ballot Was From Person Who Already Voted

https://www.thegatewaypundit.com/2020/11/stunning-sworn-affidavit-former-mi-asst-ag-election-worker-assigned-new-names-voters-appeared-absentee-ballot-person-already-voted/

Texas assisted living employee charged with 134 counts of alleged election fraud, report

The social worker allegedly registered 67 residents without their consent.

https://justthenews.com/politics-policy/elections/texas-assisted-living-employee-charged-134-counts-alleged-election-fraud

@Lrihendry:  In Wisconsin, between 2 AM and 3:30 AM, the total number of votes increased by 125,000.

Of these 125,000 votes, 100% were for Biden, without a single vote for President Trump recorded.

 

Woman Alleged to Have Intimidated Seniors to Vote for Biden, Criminal Investigation Opened

The allegation, which was made by the son of a senior resident and was first reported by local Korean language news channel SBS International, claims that the woman went door-to-door at the senior living complex and steered the seniors to vote for and attempted to convince them to vote for Democratic presidential candidate Joe Biden.  She is then reported to have collected their ballots saying she would “fill in the rest,” ABC7 reports…  https://www.newsweek.com/woman-alleged-intimidated-seniors-vote-biden-investigation-1544337

 

GOP Sen. Lindsay Graham: [In Pennsylvania] 25,000 nursing home residents in different nursing homes requested mail-in ballots at the exact same time. You can’t ballot harvest in Pennsylvania. What are the odds that 25,000 people in different locations of the same age group requested at the same time a ballot? Somebody is up to no good in these nursing homes.”…  https://www.thegatewaypundit.com/2020/11/lindsey-graham-potentially-25000-nursing-home-residents-different-nursing-homes-requested-mail-ballots-exact-time-video/

 

Why Did Six Battleground States with Democrat Governors ALL Pause Counting on Election Night? And How Was This Coordinated?   Wisconsin, Michigan, Pennsylvania, North Carolina, Georgia and Nevada mysteriously quit counting after midnight…

https://www.thegatewaypundit.com/2020/11/six-battleground-states-democrat-governors-pause-counting-election-night-coordinated/

 

@larryelder: How come dead people never vote republican?

 

Less than half in new poll believe Biden is legitimate winner of election; a third say Trump won

Among Democrats, 87% think that Biden is the winner. Of Republican respondents, 77% said they think Trump is the legitimate winner… https://t.co/WrObLIQtRP

@NCGOP: We have put together…the most extensive and inclusive voter fraud organization.” – @JoeBiden    https://twitter.com/NCGOP/status/1326162999514640385

Dominion Vote System that Flipped Trump Votes to Biden Was Flagged as ‘Fragile and Error Prone’ in 2019 – the Texas Secretary of State refused to adopt the voting system twice – in 2013 and 2019… https://thenationalpulse.com/news/dominion-voting-system-flag/

@tomselliott: @brhodes: Biden is already “having phone calls” with foreign leaders about “the agenda they’re going to pursue January 20th”  https://twitter.com/omriceren/status/1325934734015393792?s=02

@TomFitton: According to Biden, Biden’s talking to foreign leaders about U.S. policy is a violation of the Logan Act. At least that is what he and the Obama gang said in 2016-17 as they were pursuing their seditious conspiracy against @RealDonaldTrump and @GenFlynn.

 

@thehill: Sen. @TedCru to [Ex-FBI Deputy Dir] McCabe: “Biden… is talking with foreign leaders and it doesn’t violate the Logan Act bc the Logan Act is un-Constitutional which is why it’s never been used to prosecute anyone. You authorized using it to go after Gen. Flynn as part of a political persecution.”

https://twitter.com/thehill/status/1326249487531171841

Why election polls were so wrong again in 2020

“This industry is dominated by left-wingers. And a big, big problem is they’re trying to profile the voting behavior of people they don’t understand and may even despise.”… [People’s Pundit] Baris’ Big Data Poll, along with conservative-leaning pollsters like Trafalgar and Susquehanna, managed to come closer to the Election Day results than the leading media outfits did…

    “The way they’re polling, they are reaching voters that skew too urban,” he said. “In that case, your Republican sample will be stacked with the John Kasich Republicans, the Bill Kristol Republicans — and that’s not the Republican Party that gave the presidency to Donald Trump.” Highly educated voters are often eager to answer a pollster’s call, Baris finds, so it’s easy for time-pressed pollsters to oversample them.  “They are dying to tell you what they think. They want to enlighten you,” he said. “The other people just want to have their dinner and go to bed. It takes more finesse and more time to get to them.”

    “You would be shocked at how uncomfortable people said they feel about talking to a pollster,” he said. In Florida, for example, it came to 33 percent of all respondents. “The most uncomfortable groups were suburban women and black men aged 30 to 65,” Baris said. “Those are the shy Trump voters. And in the exit polls, Trump did unexpectedly well with those groups.”

https://nypost.com/article/the-real-reason-election-polls-were-so-wrong-again-in-2020/

Top DoJ Voter Fraud Investigator Quits After AG William Barr Authorizes Probe

Does it not seem odd that when asked to investigate voter fraud, the gentleman who is in charge of investigating voter fraud chooses to resign rather than do his… job? Perhaps it was his alleged involvement in the Lois Lerner IRS targeting Tea Party groups debacle that triggered this resignation?…  https://www.zerohedge.com/political/ag-william-barr-authorizes-justice-department-probe-voter-fraud

Results For CA21 Come to a Halt as GOP Candidate Pulls Ahead! Elections Dept Suspends Canvassing Operations Until Nov. 21 Due to Covid   https://www.thegatewaypundit.com/2020/11/results-ca21-come-halt-gop-candidate-pulls-ahead-elections-dept-suspends-canvassing-operations-nov-21-due-covid/

Well that is all for today

I will see you THURSDAY night.

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