GOLD:$1862.15 UP $29.55 The quote is London spot price

Silver:$24.64 UP 51 CENTS London spot price ( cash market)

ACCESS MARKET

i)Gold : $1865.00 LONDON SPOT 4:30 pm

ii)SILVER: $24.56//LONDON SPOT 4:30 pm

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Today, gold broke through the huge resistance of $1850.00, There is no question that the demand for physical gold coming from our Europeans is having a big effect on the price.

Silver also reversed course after being down early in the session.

CLOSING FUTURES PRICES: KEY MONTHS

DEC. GOLD $1861.30. CLOSE 1.30 PM SPREAD SPOT/FUTURE DEC $2.70/ BACKWARD // GOOD FOR EFP ISSUANCE//GOOD FOR EUROPEANS TO BUY COMEX GOLD///

FEB GOLD: 1865.60 CLOSE 1:30 PM SPREAD SPOT/FUTURE: $1.60 CONTANGO//$4.40 BELOW NORMAL CONTANGO//GOOD FOR EFP ISSUANCE

CLOSING SILVER FUTURE MONTH

SILVER DECEMBER CLOSE: $24.72 1:30 PM SPREAD SPOT/FUTURE DEC. : 8 CENTS PER OZ CONTANGO ( 8 CENTS ABOVE NORMAL CONTANGO

SILVER MARCH CLOSE: 24.62/SPREAD SPOT/FUTURE: 2 CENTS BACKWARD//GOOD FOR ISSUANCE OF EFP

COMEX DATA

wow!!looks like the Fed through JPMorgan is bailing out the comex:

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

receiving today: 554/1252

EXCHANGE: COMEX
CONTRACT: DECEMBER 2020 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,835.900000000 USD
INTENT DATE: 12/04/2020 DELIVERY DATE: 12/08/2020
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
072 C GOLDMAN 666 2
323 C HSBC 1
332 H STANDARD CHARTE 27
435 H SCOTIA CAPITAL 65
624 C BOFA SECURITIES 24
624 H BOFA SECURITIES 63
657 C MORGAN STANLEY 132
657 H MORGAN STANLEY 77
661 C JP MORGAN 554
686 C STONEX FINANCIA 2 1
690 C ABN AMRO 200 19
709 C BARCLAYS 364 151
732 C RBC CAP MARKETS 116
800 C MAREX SPEC 18 6
880 C CITIGROUP 14
905 C ADM 2
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TOTAL: 1,252 1,252
MONTH TO DATE: 18,565

ISSUED: 71

GOLDMAN SACHS STOPPED 7 CONTRACTS.

NUMBER OF NOTICES FILED TODAY FOR DEC. CONTRACT: 1252 NOTICE(S) FOR 125,200 OZ (3.894 tonnes)

TOTAL NUMBER OF NOTICES FILED SO FAR: 18,565 NOTICES FOR 1,856,500 OZ (57.74 tonnes)

SILVER//DEC CONTRACT

237 NOTICE(S) FILED TODAY FOR 1,185,000 OZ/

total number of notices filed so far this month: 7889 for 39,445,000 oz

BITCOIN MORNING QUOTE $19312 DOWN 149

BITCOIN AFTERNOON QUOTE. :$19,312 DOWN 310 DOLLARS .

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THESE TWO VEHICLES//GLD/AND SLV ARE ABSOLUTE FRAUDS AND HAVE NOWHERE NEAR THE METAL THEY CLAIM THEY HAVE!

GLD AND SLV INVENTORIES:

WITH GOLD UP $29.55 AND NO PHYSICAL TO BE FOUND ANYWHERE:

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

THIS REALLY MAKES A LOT OF SENSE!!

A MASSIVE WITHDRAWAL OF 7.12 TONNES OF GOLD WITH GOLD UP DRAMATICALLY TODAY???

INVENTORY RESTS AT:

GLD: 1,182.70 TONNES OF GOLD//

WITH SILVER UP 51 CENTS TODAY: AND WITH NO SILVER AROUND:

NO CHANGE IN SILVER INVENTORY AT THE SLV///

INVENTORY RESTS AT:

SLV: 548.259 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 898 CONTRACTS FROM 151,397 UP TO 152,295, AND CLOSER TO OUR NEW RECORD OF 244,710, (FEB 25/2020. THE GAIN IN OI OCCURRED WITH OUR GAIN OF $.11 IN SILVER PRICING AT THE COMEX. IT SEEMS THAT THE GAIN IN COMEX OI IS DUE TO HUGE BANKER AND ALGO SHORT COVERING, COUPLED AGAINST A GOOD EXCHANGE FOR PHYSICAL. WE HAD ZERO LONG LIQUIDATION, AND A STRONG INCREASE IN SILVER OUNCES STANDING AT THE COMEX FOR DEC. WE HAD A STRONG GAIN IN OUR TWO EXCHANGES OF 1931 CONTRACTS (SEE CALCULATIONS BELOW).

WE WERE NOTIFIED THAT WE HAD A GOOD NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE: 832, AS WE HAD THE FOLLOWING ISSUANCE: DEC: 0, MARCH 832 FOR ZERO ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE 832 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.

3.950 MILLION OZ FINAL STANDING IN NOV.

45.570 MILLION OZ INITIAL STANDING FOR DEC.

FRIDAY, AGAIN OUR CROOKS USED COPIOUS PAPER IN ORDER TO LIQUIDATE SILVER’S PRICE…AND THEY WERE UNSUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT ROSE $0.11) ).. AND, OUR OFFICIAL SECTOR/BANKERS WERE UNSUCCESSFUL IN THEIR ATTEMPT TO FLEECE ANY SILVER LONGS AS WE HAD A STRONG GAIN IN OUR TWO EXCHANGES 1931 CONTRACTS). NO DOUBT THE STRONG GAIN IN OI ON THE TWO EXCHANGES WAS DUE TO i) HUGE BANKER/ STRONG ALGO SHORT COVERING. WE ALSO HAD ii) A GOOD ISSUANCE OF EXCHANGE FOR PHYSICALS 2) A STRONG INCREASE IN SILVER OZ STANDING FOR DEC, 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..

We have now switched to SILVER for our spreaders!!

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

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

SPREADING OPERATION FOR OUR NEWCOMERS:

FOR NEWCOMERS, HERE ARE THE DETAILS:

SPREADING LIQUIDATION HAS NOW COMMENCED IN SILVER AS WE HEAD TOWARDS THE NEW NON ACTIVE FRONT MONTH OF JAN.

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 GOLD..AND WE WILL NOW MORPH INTO AN ACCUMULATION PHASE OF SPREADING CONTRACTS FOR SILVER. 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 SILVER 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 ACTIVE DELIVERY MONTH OF DEC. HEADING TOWARDS THE NON ACTIVE DELIVERY MONTH OF JAN FOR SILVER:

YOU WILL ALSO NOTICE THAT THE COMEX OPEN INTEREST STARTS TO RISE IN THIS ACTIVE MONTH OF DEC. BUT SO IS THE OPEN INTEREST OF SPREADERS. THE OPEN INTEREST IN SILVER WILL CONTINUE TO RISE UNTIL ONE WEEK BEFORE FIRST DAY NOTICE OF AN UPCOMING NON ACTIVE DELIVERY MONTH (JAN), 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

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

4020 CONTRACTS (FOR 5 TRADING DAY(S) TOTAL 4020 CONTRACTS) OR 20.10 MILLION OZ: (AVERAGE PER DAY: 804 CONTRACTS OR 4.020 MILLION OZ/DAY)

TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER: SO FAR THIS MONTH OF DEC: 20.10 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 1.96% OF ANNUAL GLOBAL PRODUCTION (EX CHINA EX RUSSIA)*

ACCUMULATION IN YEAR 2020 TO DATE SILVER EFP’S: 1,610.90 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 63.77 MILLION OZ ( SLOWED DOWN CONSIDERABLY AGAIN)

DECEMBER EFP: 20.10 MILLION OZ

RESULT: WE HAD A STRONG SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 898, WITH OUR TINY $0.11 GAIN IN SILVER PRICING AT THE COMEX ///FRIDAY.…THE CME NOTIFIED US THAT WE HAD A STRONG SIZED EFP ISSUANCE OF 832 CONTRACTS WHICH EXITED OUT OF THE SILVER COMEX TO LONDON AS FORWARDS.

TODAY WE GAINED A VERY STRONG 1730 OI CONTRACTS ON THE TWO EXCHANGES (WITH OUR $0.11 GAIN IN PRICE)//

THE TALLY//EXCHANGE FOR PHYSICALS

i.e 832 OPEN INTEREST CONTRACTS HEADED FOR LONDON (EFP’s) TOGETHER WITH A STRONG SIZED INCREASE OF 898 OI COMEX CONTRACTS. AND ALL OF THIS DEMAND HAPPENED WITH OUR SMALLISH $0.11 RISE IN PRICE OF SILVER/AND A CLOSING PRICE OF $24.13 // FRIDAY’S TRADING. YET WE STILL HAVE A STRONG AMOUNT OF SILVER STANDING AT THE COMEX FOR DELIVERY.

In ounces AT THE COMEX, the OI is still represented by JUST UNDER 1 BILLION oz i.e. 0.7640 BILLION OZ TO BE EXACT or 109% of annual global silver production (ex Russia & ex China).

FOR THE NEW DEC DELIVERY MONTH/ THEY FILED AT THE COMEX: 237 NOTICE(S) FOR 1,185,000 OZ OF SILVER.

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

AND YET, WITH THE EXTREMELY HIGH EFP ISSUANCE, WE HAVE A CONTINUAL LOW PRICE OF SILVER DESPITE THE ABOVE HUGE DEMAND. TO ME THE ONLY ANSWER IS THAT WE HAVE SOVEREIGN (CHINA) WHO IS ENDEAVOURING TO GOBBLE UP ALL AVAILABLE PHYSICAL SILVER NO MATTER WHERE, EXACTLY WHAT J.P.MORGAN IS DOING. AND IT IS MY BELIEF THAT J.P.MORGAN IS HOLDING ITS SILVER FOR ITS BENEFICIAL OWNER..THE USA GOVERNMENT WHO IN TURN IS HOLDING THAT SILVER FOR CHINA.(FOR A SILVER LOAN REPAYMENT)

GOLD

IN GOLD, THE COMEX OPEN INTEREST FELL BY A SMALL SIZED 995 CONTRACTS TO 539,242 AND FURTHER FROM OUR NEW RECORD (SET JAN 24/2020) AT 799,541 AND PREVIOUS TO THAT: (SET JAN 6/2020) AT 797,110.

THE SMALL LOSS IN COMEX OI OCCURRED WITH OUR LOSS IN PRICE OF $1.00 /// COMEX GOLD TRADING//FRIDAY.WE HAD HUGE BANKER/ALGO SHORT COVERING ACCOMPANYING OUR SMALL SIZED EXCHANGE FOR PHYSICAL ISSUANCE. WE HAD ZERO LONG LIQUIDATION AS WE HAD A SMALL LOSS ON OUR TWO EXCHANGES (40 CONTRACTS). WE HAVE A STRONG INCREASE IN AMOUNT OF GOLD STANDING FOR DELIVERY IN DECEMBER (GOLD STANDING UP TO 91.026 TONNES).…THIS ALL HAPPENED WITH OUR LOSS IN PRICE OF $1.00. HOWEVER, DURING THE FIRST 4 TRADING DAYS OF THIS MONTH, WE DID HAVE QUITE A FEW CONTRACTS CONVERTED FROM THOSE STANDING IN NEW YORK IN FAVOUR OF LONDON BASED FORWARDS. THIS HAS STOPPED AND BANKER QUEUE JUMPING HAS COMMENCED AS THESE BANKERS NEED TO FIND BADLY NEEDED PHYSICAL TO PUT OUT GOLD-FIRES ELSEWHERE.

WE HAD A VOLUME OF 0 4 -GC CONTRACTS//OPEN INTEREST 10//

WE HAD A SMALL SIZED LOSS OF 40 CONTRACTS (0.1244 TONNES) ON OUR TWO EXCHANGES..

E.F.P. ISSUANCE

THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A SMALL//SMALL SIZED 955 CONTRACTS:

CONTRACT .; DEC: 0; FEB: 955 ALL OTHER MONTHS ZERO//TOTAL: 955. The NEW COMEX OI for the gold complex rests at 539,242. 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 SMALL SIZED DECREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 40 CONTRACTS: 995 CONTRACTS DECREASED AT THE COMEX AND 955 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI LOSS//TWO EXCHANGES OF 40 CONTRACTS OR 0.1244 TONNES.

CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES:

WE HAD A SMALL SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (955) ACCOMPANYING THE SMALL SIZED LOSS IN COMEX OI 995 OI): TOTAL LOSS IN THE TWO EXCHANGES: 40 CONTRACTS. WE NO DOUBT HAD 1) HUGE BANKER SHORT COVERING AND SOME ALGO SHORT COVERING ,2 STRONG GAIN IN GOLD OUNCES STANDING AT THE GOLD COMEX FOR THE FRONT DEC. MONTH TO 91.026 TONNES) 3) ZERO LONG LIQUIDATION ;4) SMALL COMEX OI LOSS, 5) SMALL SIZED ISSUANCE OF EXCHANGE FOR PHYSICAL….ALL OF THIS OCCURRED WITH OUR LOSS IN GOLD PRICE TRADING/FRIDAY//$1.00.

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.

HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS IN 2020 INCLUDING TODAY

DEC.

ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF DEC : 14,217 CONTRACTS OR 1,421,700 oz OR 44.22 TONNES (5 TRADING DAY(S) AND THUS AVERAGING: 2284 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 5 TRADING DAY(S) IN TONNES: 44.22 TONNES

TOTAL ANNUAL GOLD PRODUCTION, 2019/2020, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES

THUS EFP TRANSFERS REPRESENTS 44.22/3550 x 100% TONNES =.1.24% OF GLOBAL ANNUAL PRODUCTION

ACCUMULATION OF GOLD EFP’S YEAR 2020 TO DATE: 3,883.16 TONNES

JANUARY 2220 TOTAL EFP ISSUANCE; : 571.19 TONNES

FEB 2020 TOTAL EFP ISSUANCE : 653.78 TONNES

MARCH TOTAL EFP ISSUANCE 1,113.77 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: 201.08 TONNES ( INCREASING AGAIN)

DEC. TOTAL EFP ISSUANCE: 44.22 TONNES

WHAT IS ALARMING TO ME, ACCORDING TO OUR LONDON EXPERT ANDREW MAGUIRE IS THAT THESE EFP’S ARE BEING TRANSFERRED TO WHAT ARE CALLED SERIAL FORWARD CONTRACT OBLIGATIONS AND THESE CONTRACTS ARE LESS THAN 14 DAYS. ANYTHING GREATER THAN 14 DAYS, THESE MUST BE RECORDED AND SENT TO THE COMPTROLLER, GREAT BRITAIN TO MONITOR RISK TO THE BANKING SYSTEM. IF THIS IS INDEED TRUE, THEN THIS IS A MASSIVE CONSPIRACY TO DEFRAUD AS WE NOW WITNESS A MONSTROUS TOTAL EFP’S ISSUANCE AS IT HEADS INTO THE STRATOSPHERE.

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

1.Today, we had the open interest at the comex, in SILVER, ROSE BY A STRONG 898 CONTRACTS FROM 151,397 UP TO 152,496 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) HUGE BANKER SHORT COVERING//ALGO SHORT COVERING//// , 2) A STRONG ISSUANCE OF EXCHANGE FOR PHYSICALS (SEE BELOW), 3) AN INCREASE IN SILVER OUNCES STANDING AT THE COMEX FOR DEC., AND 4) ZERO LONG LIQUIDATION

EFP ISSUANCE 832 CONTRACTS

OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE: DEC. 0 AND MARCH: 832 ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 832 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 898 CONTRACTS TO THE 832 OI TRANSFERRED TO LONDON THROUGH EFP’S, WE OBTAIN A VERY STRONG GAIN OF 1730 OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES. THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES 8.650 MILLION OZ, OCCURRED WITH OUR $0.11 GAIN IN PRICE///

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

(report Harvey)

2 ) Gold/silver trading overnight Europe, Goldcore

(Mark O’Byrne/zerohedge

and in NY: Bloomberg

3. ASIAN AFFAIRS

i)MONDAY MORNING/ SUNDAY NIGHT:

SHANGHAI CLOSED DOWN 27.98 PTS OR .81% //Hang Sang CLOSED DOWN 329.07 PTS OR 1.24% /The Nikkei closed DOWN 203.80 POINTS OR 0.76%//Australia’s all ordinaires CLOSED UP 0.64%

/Chinese yuan (ONSHORE) closed DOWN AT 6.5394 /Oil UP TO 45.83 dollars per barrel for WTI and 48.89 for Brent. Stocks in Europe OPENED MOSTLY RED// ONSHORE YUAN CLOSED DOWN AGAINST THE DOLLAR AT 6.5394. OFFSHORE YUAN CLOSED DOWN ON THE DOLLAR AT 6.5272 TRADE TALKS STALL//YUAN LEVELS //TRUMP INITIATES A NEW 25% TARIFFS FRIDAY/MAY 10/MAJOR PROBLEMS AT HUAWEI /CFO ARRESTED//CORONAVIRUS/PANDEMIC/TRUMP TESTS POSITIVE FOR COVID 19 : /ONSHORE YUAN TRADING BELOW LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING WEALER 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 SMALL SIZED 955 CONTRACTS TO 539,640 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 SMALL COMEX DECREASE OCCURRED WITH OUR LOSS OF $1.00 IN GOLD PRICING FRIDAY’S COMEX TRADING/).

WE HAD A SMALL EFP ISSUANCE (955 CONTRACTS). WE THUS HAD 1) HUGE BANKER SHORT COVERING// ALGO SHORT COVERING//, 2) ZERO LONG LIQUIDATION AND 3) STRONG GAIN IN GOLD OUNCES STANDING AT THE COMEX FOR DECEMBER AS LONGS MORPHING INTO LONDON BASED FORWARDS STOPS AND BANKING QUEUE JUMPING COMMENCES!! (COMEX GOLD NOW STANDING AT 91.026 TONNES)//DEC. DELIVERY MONTH (SEE BELOW) 4) AS WE ENGINEERED A TINY SIZED LOSS ON OUR TWO EXCHANGES OF 995 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 10

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 955 EFP CONTRACTS WERE ISSUED: DEC 0; FEB// ’21 955 AND ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE: 955 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: 40 TOTAL CONTRACTS IN THAT 955 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE LOST A SMALL SIZED 995 COMEX CONTRACTS.. THE BIG NEWS IS THE GIGANTIC LEVEL OF DEC 2020 GOLD CONTRACTS STANDING FOR DELIVERY. ((91.026 TONNE). IF YOU INCLUDE NOVEMBER’S HUGE 34.7 TONNES, OUR COMEX IS OFFICIALLY UNDER ASSAULT. BUT THIS TIME THE GOLD WILL LEAVE FOR EUROPE!!

THE BANKERS WERE SUCCESSFUL IN LOWERING GOLD’S PRICE //// (IT FELL $1.00). AND, THEY WERE UNSUCCESSFUL IN FLEECING ANY LONGS AS THE TOTAL GAIN ON THE TWO EXCHANGES REGISTERED 0.1244 TONNES, ACCOMPANYING OUR STRONG GOLD TONNAGE STANDING FOR DECEMBER (91.026 TONNES)

NET LOSS ON THE TWO EXCHANGES :: 40 CONTRACTS OR 4,000 OZ OR 0.1244 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: 539,242 TOTAL OI CONTRACTS X 100 OZ PER CONTRACT = 53.92 MILLION OZ/32,150 OZ PER TONNE = 1677 TONNES

THE COMEX OPEN INTEREST REPRESENTS 1677/2200 OR 76.23% OF ANNUAL GLOBAL PRODUCTION OF GOLD.

INITIAL STANDING FOR DEC GOLD

Gold	Ounces
Withdrawals from Dealers* Inventory in oz*	nil oz
Withdrawals from Customer* Inventory in oz*	23,993.95 oz Brinks
Deposits to the Dealer* Inventory in oz*	64,237.698 oz BRINKS
Deposits to the Customer* Inventory, in oz*	19,413.075 OZ HSBC and 9645.000 oz Loomis 300 kilobars.
No of oz served (contracts) today	1252 notice(s) 125,200 OZ (3.894 TONNES)
No of oz to be served (notices)	10,700 contracts (1,070,000 oz) 33.28 TONNES
Total monthly oz gold served (contracts) so far this month	18,565 notices 1,856,500 OZ 57.74 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 1 kilobar transactions

ADJUSTMENTS: 2 // customer to bealer

i)Brinks 96.453 160,787.151 oz

ii) Out of JPMorgan: 88,586.588 oz

The front month of DEC registered a total of 11,952 contracts for a loss of 3012. We had 3122 notices filed upon yesterday so we GAINED 112 contacts or 11200 additional oz will stand in this very active delivery month of December as now our remaining longs refuse to morph into London based forwards and thus negate a fiat bonus. Those longs that have left for London during the previous 4 sessions received a hefty bonus for not taking delivery.

January gained 113 contracts to stand at 2363 contracts. FEBRUARY LOST a STRONG 1823 contracts UP TO 396,424.

THE BIG STORY AGAIN TODAY IS THE HIGH INITIAL OI STANDING FOR DECEMBER (91.026 tonnes). AND OUR 4 CONSECUTIVE MOVEMENTS TO LONDON FORWARDS STOPS AND BANKER QUEUE JUMPING COMMENCES.

As i stated on Friday:

“Once our paper players are finished, then we will see the bankers queue jump longs as they attempt to put out gold fires around the world.”

From this day forth, gold tonnage standing will increase.

We had 1252 notice(s) filed today for 125,200 oz OR 3.894 TONNES.

To calculate the INITIAL total number of gold ounces standing for the DEC /2020. contract month, we take the total number of notices filed so far for the month (18,565) x 100 oz , to which we add the difference between the open interest for the front month of (DEC 11,952 CONTRACTS ) minus the number of notices served upon today (1252 x 100 oz per contract) equals 2,926,500 OZ OR 91.026 TONNES) the number of ounces standing in this active month of DEC

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

No of notices filed so far (18,565, x 100 oz +11,952 OI) for the front month minus the number of notices served upon today (1252) x 100 oz which equals 2,926,500 oz standing OR 91.026 TONNES in this active delivery month of December. This is a HUGE amount for gold standing for DEC delivery month (generally the strongest delivery month of the year). THE COMEX IS UNDER A HUGE FRONTAL ATTACK FROM EUROPEAN BANKS SEEKING PHYSICAL METAL! JUDGING FROM THE INITIAL NOTICES FILED VS THE NUMBER OF NOTICES STANDING, IT WILL BE EXTREMELY DIFFICULT FOR OUR BANKERS TO FIND THE NECESSARY GOLD TO SATISFY OUR EUROPEANS.

We gained 112 contracts or an additional 11,200 oz will stand in this active delivery month of December.

NEW PLEDGED GOLD: BRINKS

466,240.074, oz NOW PLEDGED SEPT 15.2020/HSBC 14.51 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)

280,010.045 oz JPM 8.70 TONNES

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

88,796.123 oz Pledged August 21/regular account 1.588 tonnes jpm

98,804.139 oz Pledged Nov 27.2021 MANFRA 3.07 tonnes

total pledged gold: 1,597,479.579 oz 49.69 tonnes

registered gold that can be used to settle upon: 17,018,129.0 (529,33 tonnes)

true registered gold (total registered – pledged tonnes 17,018,129.0 (529.33 tonnes)

total registered, pledged and eligible (customer) gold 37,400,749.390 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

Dec 7/2020

And now for the wild silver comex results

INITIAL STANDINGS

DEC. SILVER COMEX CONTRACT MONTH//INITIAL STANDING

Silver	Ounces
Withdrawals from Dealers* Inventory*	NIL oz
Withdrawals from Customer Inventory	613,193.160 oz HSBC JPM Manfra
Deposits to the Dealer* Inventory*	254,801.598 oz Brinks
Deposits to the Customer Inventory	1,089,173.86- oz Brinks CNT
No of oz served today (contracts)	237 CONTRACT(S) (1,185,000 OZ)
No of oz to be served (notices)	1125 contracts 5,625,000 oz)
Total monthly oz silver served (contracts)	7889 contracts 39,445,000 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 1 deposits into the dealer:

i) Into Brinks: 254,801.598 oz

total dealer deposits: 254,801.598 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

JPMorgan now has 192.2 million oz of total silver inventory or 49.10% of all official comex silver. (192.2 million/391.400 million

ii) Into Brinks: 1,087,139.060 oz

iii) Into CNT: 2034.800 oz

total customer deposits today: 1,089.173.86 oz

we had 3 withdrawals:

i ) Out of HSBC 24,203.860

ii) Out of JPMorgan 602,049.500 oz
iii) Out of Manfra. 4939.800

total withdrawals 631,193.160 oz

We had 2 adjustments / customer (eligible) to dealer (registered)

Int Delaware 696,317.360

dealer silver removed accting error: 151,210.63 oz (Manfra)

Total dealer(registered) silver: 149.997million oz

total registered and eligible silver: 391.474 million oz

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

December saw a LOSS of 33 contracts DOWN to 1462 contracts. We had 57 notices served upon yesterday so we GAINED 24 contracts or 120,000 additional oz will stand in this very active delivery month of December. So we witness that remaining longs no longer wish to morph into London forwards.

January saw a GAIN of 100 contracts UP to 1204. FEBRUARY saw another gain of 28 contracts to stand at 83. MARCH gained 639 contracts up to 128,961.

The total number of notices filed today for DEC 2020. contract month is represented by 237 contract(s) FOR 1,185,000 oz

To calculate the number of silver ounces that will stand for delivery in DEC we take the total number of notices filed for the month so far at 7889 x 5,000 oz = 39,445,000 oz to which we add the difference between the open interest for the front month of DEC ( 1462) and the number of notices served upon today 237x (5000 oz) equals the number of ounces standing.

Thus the DEC standings for silver for the DEC/2019 contract month: 7889 (notices served so far) x 5000 oz + OI for front month of DEC(1462)- number of notices served upon today (237) x 5000 oz of silver standing for the NOV contract month .equals 45,570,000 oz. ..VERY STRONG FOR AN ACTIVE DEC MONTH.

We gained 24 contracts or 120,000 oz will not stand as they morphed into London based forwards

TODAY’S ESTIMATED SILVER VOLUME 81,891 CONTRACTS // volume large//

FOR YESTERDAY 72,197 ,CONFIRMED VOLUME// huge

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

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

end

NPV for Sprott

1. Sprott silver fund (PSLV): NAV RISES TO- 3.57% ((DEC 7/2020)

2. Sprott gold fund (PHYS): premium to NAV RISES TO 2.11% to NAV: (DEC 7/2020 )

Note: Sprott silver trust back into NEGATIVE territory at +%-/Sprott physical gold trust is back into NEGATIVE/3.57% (DEC 7)

(courtesy Sprott/GATA

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

NAV 19.20 TRADING 18.40///NEGATIVE 4.18

END

And now the Gold inventory at the GLD

DEC 7/WITH GOLD UP $29.55 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD//: A WITHDRAWAL OF 7.12 TONES OF GOLD FROM THE GLD///INVENTORY RESTS TONIGHT AT 1182.70 TONNES

DEC4//WITH GOLD DOWN $1.00 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY: A WITHDRAWAL OF 1.46 TONNES FROM THE GLD// RESTS AT 1189.82 TONNES.

DEC 3/WITH GOLD UP $10.60 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS TONIGHT AT 1191.28 TONNES

DEC 2/WITH GOLD UP $12,00 TODAY: A HUGE CHANGES IN GOLD INVENTORY AT THE GLD//: A WITHDRAWAL OF 3.51 TONNES FROM THE GLD//INVENTORY RESTS AT 1191.28 TONNES

DEC 1//WITH GOLD UP $38.55 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLDE//INVENTORY RESTS AT 1194.78 TONNES

NOV 30/WITH GOLD DOWN $11.85 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1194.78 TONNES

NOV 27/WITH GOLD DOWN $18.90 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 4.96 TONNES OF GOLD FROM THE GLD…//INVENTORY RESTS AT 1194.78 TONNES

NOV 25//WITH GOLD UP $0.05 TODAY: HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A MASSIVE PAPER WITHDRAWAL OF 13.43 TONNES FROM THE GLD..IS THE GLD MAKING GOLD VAPOUR DELIVERIES FOR THE COMEX?//INVENTORY REST AT 1199.74 TONNES

NOV 24/WITH GOLD DOWN $33.00 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 7.00 TONNES FROM THE GLD//INVENTORY RESTS AT 1213.17 TONNES

NOV 23/WITH GOLD DOWN $33.95 TODAY: A HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 2.9 TONNES OF GOLD INTO THE GLD//INVENTORY RESTS AT 1220.17 TONNES

NOV 20/WITH GOLD UP $11.10 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD// A WITHDRAWAL (ROBBERY) OF 1.74 TONNES FROM THE GLD//INVENTORY RESTS AT 1217.26 TONNES

NOV 19/WITH GOLD DOWN $9.80 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 7.30 TONES FROM THE GLD////INVENTORY REST AT 1219.00 TONNES

NOV 18/WITH GOLD DOWN $13.50 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 5.10 TONNES FROM THE GLD INVENTORY//INVENTORY RESTS AT 1226.30 TONNES

NOV 17/WITH GOLD DOWN 3 DOLLARS TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 2.92 TONNES FROM THE GLD////INVENTORY RESTS AT 1231.40 TONNES

NOV 16/WITH GOLD UP $2.20 TODAY/A HUGE CHANGES IN GOLD INVENTORY AT THE GLD A WITHDRAWAL OF 5.25 TONNES FROM THE GLD////INVENTORY RESTS AT 1234.32 TONNES

NOV 13/WITH GOLD UP $11.90 TODAY//A HUGE CHANGE IN GOLDINVENTORY AT THE GLD; A WITHDRAWAL OF 1.17 TONNES FROM THE GLD////INVENTORY RESTS AT 1239.57 TONNES

Nov 12/WITH GOLD UP $11.00 TODAY: A HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A PAPERWITHDRAWAL OF 9.02 TONNES FROM THE GLD///INVENTORY RESTS AT 1240.74 TONNES

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

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Inventory rests tonight at

DEC 7/ GLD INVENTORY 1182.70 tonnes

LAST; 963 TRADING DAYS: +239.23 TONNES HAVE BEEN ADDED THE GLD

LAST 863 TRADING DAYS// +416.72 TONNES HAVE NOW BEEN ADDED INTO THE GLD INVENTORY

Now the SLV Inventory

DEC 7/WITH SILVER UP 51 CENTS TODAY: NO CHANGES IN GOLD INVENTORY AT THE SLV//INVENTORY RESTS AT 548.259 MILLION OZ//

DEC4// WITH SILVER UP 11 CENTS TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE SLV: A DEPOSIT OF 1.953 MILLION OZ INTO THE SLV///INVENTORY RESTS AT 548.259 MILLION OZ//

DEC 3//WITH SILVER UP 4 CENTS TODAY: A SMALL CHANGE IN SILVER INVENTORY AT THE SLV/ A WITHDRAWAL OF 236,000 OZ/INVENTORY RESTS AT 546.306 OZ

DEC 2/WITH SILVER UP ONE CENT TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 2.231 MILLIONOZ INTO THE SLV//INVENTORY RESTS AT 546.542 MILLION OZ//

DEC 1/WITH SILVER UP $1.46 TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 544.311 MILLION OZ/

NOV 30/WITH SILVER DOWN 15 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 544.311 MILLION OZ.

NOV 27/WITH SILVER DOWN $0.69 TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV/: A WITHDRAWAL OF 1.813 MILLION OZ FROM THE SLV///INVENTORY RESTS AT 544.311 MILLION OZ.

NOV 25/WITH SILVER UP $0.05 TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 4.091 MILLION PAPER OZ FROM THE SLV //// IS THE SLV MAKING SILVER VAPOUR DELIVERIES FOR THE COMEX?//INVENTORY RESTS AT 550.215 MILLION OZ..

NOV 24/WITH SILVER DOWN 33 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 10.322 MILLION OZ FROM THE SLV..//INVENTORY REST AT 550.215 MILLION OZ

AND IF ANYBODY BELIEVES THIS GARBAGE, WE HAVE A GREAT PROPERTY TO SELL YOU (FLORIDA SWAMP LANDS).

NOV 23/WITH SILVER DOWN $.70 TODAY: A HUGE CHANGE IN SILVER AT THE SLV; A WITHDRAWAL OF 2.046 MILLION OZ FROM//INVENTORY RESTS AT 562.583 MILLION OZ

NOV 20//WITH SILVER UP $0.32 TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 52.583 MILLION OZ//

NOV 19/WITH SILVER DOWN 35 CENTS TODAY; A HUGE CHANGE IN SILVER INVENTORY AT THE SLV:2 TRANSACTIONS:1) A WITHDRAWAL OF 1.396 MILLION OZ AND 2). 2.602 MILLION OZ FROM THE SLV////INVENTORY RESTS AT 562.583 MILLION OZ

NOV 18/WITH SILVER DOWN 23 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1581 MILLION OZ FROM THE SLV…//INVENTORY RESTS AT 566.581 MILLION O

NOV 17/WITH SILVER DOWN 14 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 568.162 MILLION OZ//

NOV 16/WITH SILVER UP $.05 TODAY//A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDDRAWAL OF 1.209 MILLION OZ FROM THE SLV///INVENTORY RESTS AT 568.162 MILLION OZ//

NOV 13/WITH SILVER UP 43 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV” A WITHDRAWAL OF 2.88 MILLION OZ FROM THE SLV////INVENTORY RESTS AT 569.371 MILLION OZ.

NOV 12/WITH SILVER DOWN 2 CENTS TODAY: NO CHANGES IN SILVER INVENTORY FROM THE SLV//INVENTORY RESTS AT 572.254 MILLION OZ

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//

DEC 7.2020:

SLV INVENTORY RESTS TONIGHT AT 548.259 MILLION OZ/

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

ii) Important gold commentaries courtesy of GATA/Chris Powell

BMG’s Barisheff explains why manipulation shouldn’t discourage investing in gold

Submitted by cpowell on Sun, 2020-12-06 20:24. Section: Daily Dispatches

3:23p ET Sunday, December 6, 2020

Dear Friend of GATA and Gold:

In an interview this week with Chris Marcus of Arcadia Economics, Nick Barisheff of bullion dealer and fund manager BMG Group reviews gold leasing by central banks and says they do not have the gold they claim to own. Neither do gold exchange-traded funds own the gold they claim to have, Barisheff adds

Barisheff can’t predict when the longstanding manipulation of the gold price will end, but he says it should not discourage investing in gold, since over the longer term gold has been outperforming all assets and since U.S. treasury bonds can’t provide a safe haven when the U.S. dollar is steadily depreciating.

The manipulation will break down eventually, Barisheff says, and when it does gold investors will get a bonus.

The interview is 28 minutes long and can be seen at YouTube here:

https://www.youtube.com/watch?v=_tUnNjjJarM

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

END

Central banks keep scheming to pre-empt independent cryptocurrencies

Submitted by cpowell on Sun, 2020-12-06 21:03. Section: Daily Dispatches

Swiss Say They Were Successful With Digital Currency Experiment

By Catherine Bosley
Bloomberg News
Friday, December 3, 2020

The Swiss National Bank and partner organizations said they successfully conducted experiments to push forward understanding of how digital currencies could work within the country’s financial system.

In “Project Helvetia” the SNB, the Bank for International Settlements, and the financial infrastructure operator SIX linked the existing interbank payment system to a distributed ledger, according to a joint press release Thursday. They also tested issuing digital currency onto a blockchain-like platform.

Both approaches had pros and cons, and more research is needed, officials said Thursday. While using a digital currency for payments within the financial system has benefits, it would raise “major policy and governance hurdles,” they said.

Central banks around the world are increasingly testing the use of digital currencies, spurred by advances in technology and the shift to electronic payments that has been accelerated by the pandemic. The People’s Bank of China has already tested use of a digital yuan with members of the public. …

… For the remainder of the report:

https://www.bloomberg.com/news/articles/2020-12-03/swiss-say-they-were-s…

END

Jim is perfectly correct: only a devaluation against gold can reive economies.
(Jim Rickards)

Only devaluation against gold can revive economies, Rickards tells Australian conference

Submitted by cpowell on Mon, 2020-12-07 00:10. Section: Daily Dispatches

7:14p ET Sunday, December 6, 2020

Dear Friend of GATA and Gold:

At Australia’s Gold and Alternative Investments Conference on Nov. 25, where he was interviewed by conference chief executive Kerry Stevenson, market analyst and author James G. Rickards said the world is falling into deflation and that only devaluation of the U.S. dollar against gold can defeat it, increase the velocity of the money that lately has been created by governments, and revive economies.

Such a devaluation, Rickards added, also would solve the problem of the world’s excessive debt.

The Federal Reserve, Rickards said, could accomplish this simply but only by publicly buying and selling gold at a much higher price than the monetary metal’s current price. “It’s just another open-market operation” for the Fed, Rickards said.

It won’t happen soon, Rickards said, but it will happen and investors should front-run central banks, which will turn to such a policy eventually.

Rickards was pretty much echoing the prescription provided in 2006 by the Scottish economist Peter Millar, whose study, “The Relevance and Importance of Gold in the World Monetary System,” was published by GATA a year later here:

http://gata.org/node/4843

Rickards’ conversation with Stevenson is 68 minutes long and can be viewed at YouTube here:

https://www.youtube.com/watch?v=0XNoffpm56E&feature=youtu.be

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

end

Gold trading late this morning:

Gold & Silver Surge Off Critical Technical Support

As the dollar roller-coasters once again today, tumbling back down after surging in the pre-European overnight session…

Source: Bloomberg

Precious metals are strongly bid, with gold futs at $1870…

And silver futs back above $24.50…

As both gold and silver bounce off critical technical support levels…

200DMA for gold…

Source: Bloomberg

And 50DMA for silver…

Source: Bloomberg

And, as Bitch Gold Group reports, although gold has pulled back from its all-time high of $2,070 that was seen in August, many top banks and forecasters are calling for much higher prices as we move into 2021.

Citi’s analysts are among those comparing gold’s price action to the start of the 1970-1980 bull market that saw the metal re-establish itself far above its previous levels.

Like Citi’s team, GraniteShares CEO Will Rhind believes that the catalysts for another massive surge in gold are not only numerous, but also ready to rocket the metal higher.

“The stimulus… would be probably the most obvious one, the one that’s certainly driven gold prices for the majority of this year in 2020,” said Rhind.

He added a weakening greenback, rising inflation expectations, a bond market in dire straits and pervasive volatility to the list of reasons why gold should continue its steady move up for at least another 12 to 15 months.

end

iii) Other physical stories:

URANIUM/saturday

Uranium Stocks Soar: Is This The Beginning Of The Next ESG Craze

Uranium stocks soared on Friday after House and Senate lawmakers revealed a compromise version of the annual National Defense Authorization Act. According to S&P Global, the bill effectively provides for the military to continue a policy under President-elect Joe Biden that classifies the domestic supplies of certain minerals such as uranium, graphite and lithium as vital to national security.

Uranium companies such as Cameco rose 9.7%, Uranium Energy +10%, Energy Fuels +17%, North Short GLobal Uranium Mining +6%.

Even ahead of today’s NDAA announcement, the URA Uranium ETF was breaking out of an elongated bear market and downtrending channel to the upside as Larry McDonald’s latest Bear Traps report showed.

Even ahead of today’s announcement, Bear Traps noted that “CCJ and uranium have been fading sideways since June while the rest of the commodity space has rallied” and added that it expects uranium names “to play catch-up in the months ahead.”

Reminding readers that uranium has historically been a high-flying sector, the report predicts that “if the mad-mob trading FCEL and other ESG names gets ahold of uranium… Watch out.”

As McDonald concludes “we find it more than bizarre that every commodity is ripping and uranium miners are dead in the water. Seasonally and politically, upside CCJ vol looks extremely cheap.”

So besides a convenient way to profit from the wave of virtue-signaling sweeping passive investors (and, potentially, World War III), here is why if uranium is indeed stirring to the upside it has a long way to go:

Finally, for those unconvinced, below we repost McDonald’s Uranium bull case:

* * *

When are people going to figure out how GREEN Cameco CCJ equity is?!

CCJ Seasonal Returns

Notice how when energy commodities were still rising (2011-2014) CCJ’s December and January returns were very strong. Meanwhile, every commodity stock is the metal space is up 40% in the past month, futures are ripping too yet CCJ and UXA1 are at April levels. CCJ calls are cheap, seasonality looks good, and with all these hot stocks jumping around (FCEL traded 1/2 of its market cap today) I think its only a matter of time before the mad mob finds Uranium equities… Buy the March $11 calls, put them in the drawer.

PM on CCJ Cameco Corp

Industry Expert on the Uranium Fundamentals – BULLISH CCJ Equity

The consensus seems to be that Biden will be far more bullish for uranium than Trump has ever been in his 4 years. Biden’s $2T Infrastructure plan embraces the current nuclear reactor industry and creates a new ARPA Agency for Climate that has put the development and deployment of advanced nuclear reactors as a priority, seeking to build them cheaper and faster through technical innovation. Biden’s push for clean energy will also serve to reduce competition from coal powered plants that will be phased out sooner, and carbon-emitting gas plants as well given power grids will become more carbon sensitive, rewarding carbon-free nuclear and hydro for their climate change mitigation. Today the bipartisan US Senate Committee on Environment and Public Works approved the American Nuclear Infrastructure Act designed to boost the US nuclear industry, establish a strategic Uranium Reserve, support enhancing the US nuclear fuel cycle and encourage US reactor exports worldwide. All signs are pointing towards a US nuclear renaissance if Biden Administration is to achieve its Net Zero emissions goals, as all evidence shows that intermittent renewables, solar and wind, are not able to provide the continuous 24/7 baseload carbon-free electricity needed by industry and the transition to electric transportation from cars to buses to truck transport. California has been the poster child for the failure of renewables to deliver on their early promise. The outlook for US nuclear has never been better in the past few decades as Democrats now flip to be nuclear advocates, and with pro-nuclear Kerry nominated as Biden’s Climate Envoy, that renaissance could spread throughout the west as US rejoins Paris Climate Accord.

Both US and Russia are also now looking to leverage their nuclear power generation capacity to produce clean hydrogen fuel, adding more value to reactors in the clean energy transition while creating a new revenue stream that will support maintaining the US fleet where already a number of utilities have applied to extend reactor operating lives to 80 years from the previous limit of 60.

On the supply side, 2020 has seen a record uranium supply deficit due to previous mine shutdowns, flexing down by Kazakhstan, and 5-month mining suspensions at Cameco’s Cigar Lake and all of Kazakhstan’s ISR uranium mines. Total mined supply this year will come in under 120M lbs, a level not seen since 2008. The 5-month cessation of ISR wellfield development, during what is usually Kazakhstan’s peak seasonal period for drilling and expanding wells to maintain production levels, is only now beginning to impact uranium production, and there is a high expectation that 2021 will see that supply destruction continue into Q2. For the first time ever both Cameco and Kazatomprom have depleted their held inventory, forcing both to be active buyers in the Spot market in order to fulfill their contract delivery commitments. With COVID-19 case numbers continuing to spike higher in Northern Saskatchewan, chances of another temporary shutdown of Cigar Lake are increasing daily. Spot U3O8 price has responded, jumping above $34/lb in March/April then backing off to level off near $30/lb at present to create a new floor at 25% above its March low.

Further fueling the bullish outlook for uranium was the decision by BHP to scrap its Olympic Dam mine expansion plan. Uranium is an 8M lbs/yr by-product of that mine, which BHP simply sells primarily to traders in the Spot market. The expansion plan was expected to add another 7-8M lbs/yr supply to Spot market. ERA’s Ranger Mine in Australia closes permanently next month, and Orano’s COMINAK mine in Niger, West Africa, will close permanently in March of next year. Together they will reduce 2021 supply by somewhere around 7M lbs/yr. The only major new mine actively trying to get into production is Berkeley Energia’s Salamanca mine in Spain. It had received all but 1 of the dozens of permits needed to begin construction before being potentially shelved due to a policy change in government. Brazil has just begun building a small new open pit mine which is expected to produce just over 500,000 lbs per year starting in 2022. All other mine projects remain on hold, as are all mine restarts as operators wait for uranium prices to move significantly higher into the $40-$50/lb range.

On the nuclear demand side, nuclear utilities have seen almost all of the political and trade overhangs removed that have been keeping them on the sidelines since the Section 232 Uranium Petition was served in January 2018. They withdrew their RFP’s nearly 3 years ago, preferring to delay contracting until a long list of uncertainties were dealt with. The Section 232 morphed into the Nuclear Fuel Working Group but many of the recommendations were not actioned. Uncertainty over the Iran nuclear waivers became a major issue but that too has been resolved. The most significant uranium trade issue this year was negotiating an extension to the Russian Suspension Agreement, which Commerce and Rosatom eventually concluded successfully. The RSA was extended to at least 2040 with limits on Russian uranium imports being reduced from 20% to 15% of US nuclear fuel requirements by 2040. The last remaining political overhang is the US election outcome, as nuclear utilities do not want to enter into long term contracts until certain that they will get the support they need to keep them running under a new administration.

While COVID-19 has had a severe impact on uranium supply, it has had an opposite effect on demand. Continuous baseload power has been in high demand throughout the pandemic, and many nations are targeting COVID recovery infrastructure funds to rebuild their power grids with carbon-free energy to achieve their net zero emissions goals. In just the past few months there has been a strong shift to expand nuclear power generating capacity in China, India, and most recently in Britain where PM Boris Johnson is pushing for construction of a new 3200MW Sizewell-C power plant, and the 16 x 440MW UKSMR advanced reactors that the Rolls-Royce consortium is planning to build across the UK, hoping to expand into the global market. Advanced reactor projects have found new legs in Canada and the US. In all there are now 72 new advanced reactor designs under development in 18 countries. Many had thought that COVID-19 would hurt the nuclear industry by reducing demand, but the outlook now seems to be that it has instead fueled a new global nuclear renaissance, just as global uranium supply is in a record deficit. Demand this year is in the order of 187M lbs (vs 120M lbs of primary mined supply) and TradeTech expects demand to rise to 220M lbs over the next 10 years. Where the supply will come from to bring the market back into balance is the big unknown. All the major new mines are many years away from construction, and those looking to restart, like Paladin’s Langer Heinrich and Cameco’s McArthur River, are also 2 years or more away. Kazatomprom has extended their production flex-down through to the end of 2022. In the 11 years I’ve been following the uranium sector, never have the fundamentals been so strong for a major uranium price recovery like what was seen in 2004-2007. “If” is no longer the question… only “When” remains open.

COVID-19 has been sidelining nuclear fuel buyers as well, given the folks who have been engaged in a record number of reactor refuelings in 2020, under the added pressure of operating through a pandemic, are the same folks tasked with negotiating for new long term contracts with producers. Term contracting has been very slow as utilities choose to draw down inventories, buying small quantities on Spot, deferring contracting into next year. With Cameco, Kazatomprom and some utilities buying pounds in a depleted Spot market, the Spot price has found its floor near $30. Once COVID begins to wane we are expecting to see a strong re-stocking cycle where utilities will over-buy to replace their cushions and acquire the new fuel needed in 2-3 years’ time. As the waiting game continues we are seeing new interest emerging in the uranium space, with some significant gains in quite a few developers and explorers over the past few weeks. I expect that to continue in what is usually a strong seasonal period from now until April/May.

end

Uranium/today:

Uranium Stock Surge Accelerates After 2nd Covid Case At World’s Highest-Grade Uranium Mine

On Friday we discussed the surge in Uranium stocks, asking if “this is the beginning of the next ESG craze.” As a reminder, Friday’s sharp move higher took place after House and Senate lawmakers revealed a compromise version of the annual National Defense Authorization Act. According to S&P Global, the bill effectively provides for the military to continue a policy under Joe Biden that classifies the domestic supplies of certain minerals such as uranium, graphite and lithium as vital to national security. This sent most uranium companies sharply higher, with names such as Cameco rising 9.7%, Uranium Energy +10%, Energy Fuels +17%, North Short GLobal Uranium Mining +6%.

On Monday, this dramatic move higher accelerated further, with most names rising double digits if fading modestly in afternoon trading as shown below:

While there was no incremental catalyst behind today’s move besides traders digesting our note from Friday, Cameco, which controls the world’s largest high-grade uranium reserves and low-cost operations and is one of the largest global providers of the uranium fuel, reported yesterday that an individual at its Cigar Lake uranium mine in Saskatchewan has tested positive for COVID-19. This individual has been in isolation since December 4, according to Kitco.

This was the second confirmed COVID-19 case at Cigar Lake which is the world’s highest-grade uranium mine and is located in northern Saskatchewan, Canada. Since commissioning in 2014, the site has produced a total of 82.9 million pounds (100% basis). Commercial operation began in May 2015.

Cameco, which soared as much as 15% today, is working with the Northern Population Health Unit and will follow their guidance with contact tracing already started.

The reaction appears to be a kneejerk response to a similar development this spring: on April 14, 2020, uranium stocks surged after Cameco suspended operations at Cigar Lake due to Covid-19, resulting in a five month shutdown and supply concerns.

*Cigar Lake uranium mine, Canada. Image credit: Cameco.*

Cameco restarted the Cigar Lake mine in September 2020 after the temporary suspension as a precaution due to the COVID-19 pandemic.

Meanwhile, as we discussed on Friday, and as judging by the recent surge in uranium stocks, it is a growing a possibility that the rabid ESG crowd will start rotating into the Uranium sector which as one look at the Global X Uranium ETF shows, has lots of potential upside. As Bear Traps report author Larry McDonald wrote, “if the mad-mob trading FCEL and other ESG names gets ahold of uranium… Watch out” adding that “we find it more than bizarre that every commodity is ripping and uranium miners are dead in the water. Seasonally and politically, upside CCJ vol looks extremely cheap.”

Below we repost McDonald’s Uranium bull case:

* * *

When are people going to figure out how GREEN Cameco CCJ equity is?!

CCJ Seasonal Returns

PM on CCJ Cameco Corp

That’s a synopsis of where things stand today with respect to the Uranium bull case. A major move in uranium and related equities seems closer than ever… things move slowly in this sector… until they don’t.

END

This is obvious!!

https://goldsilverpros.com/2020/12/07/cftc-failures-lead-to-massive-market-manipulation/

CFTC Failures Lead to Massive Market Manipulation

We discuss the history of where CFTC got its powers to regulate the precious metals markets including gold and silver, along with all other commodities exchanges.

We discuss how despite Congress passing appropriate laws, the CFTC’s ability to set position limits on trades has failed repeatedly.

The opposition to the CFTC boils down to huge commercial and financial interests, an activist district court, and a weak Commissioner who openly subverted CFTC authority on the markets.

We show many studies, available on the CFTC’s website, that show failure to enforce position limits has led to increased price volatility in food, agriculture, and metals markets.

And we show further how the swap dealers and financial firms use the spot market to control prices for up to two years with relative ease.

We discuss why the most recent rules promulgated by the CFTC on October 15, 2020, are toothless and work in the favor of the commercial firms, especially the swap dealers.

This video provides irrefutable evidence that market manipulation occurs, who is likely doing it, and why it has been allowed to occur.

To secure your gold now, visit https://glintpay.com/goldsilverpros

If you enjoy this content, press this button to subscribe for free

END

J Johnson”s commodity report:

https://www.jsmineset.com/2020/12/07/the-papers-still-control-our-precious-metals/

The Papers Still Control our Precious Metals

Posted December 7th, 2020 at 8:35 AM (CST) by J. Johnson & filed under General Editorial.

Great and Wonderful Monday Morning Folks,

December 7^th is a day of remembrance, for those Americans that fought a questionable war, which changed the course of history. Today, and because of their strength and valor, we still speak English with Gold down $4.30 with the February trade at $1,835.70 and recovering from the low at $1,824.80 with the high up at $1,846.30. Silver went down to $23.63 before it recovered, with the March contract now at $23.875, down 37.8 cents with the high at $24.365. The US Dollar is getting support this morning with the trades value pegged at 90.97, up 27.6 points after the spike up to 91.24 with the low at 90.68. Of course, all this happened before our Comex opens, London closes, and after Rudy Giuliani tested positive for the CCP19, went to the hospital, got the treatment, and is recovering with no problems. Which happened after the media ignored the fact that most of the Trump team got sick, got cured, and recovered months ago, and after the media recently claims 3 former presidents will take the cure after Trump did. What brave souls they are to not be the first. So, why are there lockdowns still being imposed?

In Venezuela, Gold is now priced at 18,334.05 Bolivar down 101.88, with Silver getting the worst of it by losing 4.844 Bolivar with the last price at 238.452. Argentina’s currency now has Gold priced at 149,917.03 A-Peso’s pulling back 548.38 over the weekend with Silver getting slammed, with the latest price at 1,949.78, losing 35.91 A-Peso’s. Gold’s price in Turkey is now at 14,388.71, losing only 4.75 T-Lira (less than our Comex pullback?) with Silver’s last price at 187.142 T-Lira, losing 2.68.

December Silver’s Delivery Demands now has 1,462 fully paid for 5,000-ounce contracts standing for delivery and with a Volume of 21 up on the board with a trading range between $24.285 and $23.715 with the last buy at $23.79, down 41.3 cents from Friday’s Comex close and as we still question all those EFP’s (and various other vehicles used) going to London, and if they are used to push the prices lower by putting them back into the system again, instead of taking delivery? Friday’s full Ice/Comex trading day happened in between $24.495 and $24.08 with the last buy at $24.22, up 13.3 cents with Comex closing the day out at $24.20, a gain of 11.6 cents that had a total Volume of 444 contracts getting swapped, yet the demand count fell by only 33 Contracts, which could mean another Resolute purchase happened. Silver’s Overall Open Interest is showing why we have lower prices this morning, as an additional 1,073 contracts had to be added in order to supply liquidity bringing the total to 152,497 contracts to trade against the physicals.

December Gold’s Delivery Count now stands at 11,952 fully paid for 100-ounce contracts waiting for delivery and with a Volume of 629 already up on the board with a trading range between $1,839.90 and $1,820.80 with the last buy at $1,830.90, down $5 while the paper still controls the price. Friday’s full day of delivery happened in between $1,847.60 and $1,828.20 with the last swap at $1,837.70 a gain of 90 cents yet Comex closed the day out at $1,835.50, a loss of 90 cents that had 1,213 completed swaps helping to reduce the demand count by 3,012 contracts that got something between here and London. Gold’s Overall Open Interest lost 964 contracts since Friday mornings count leaving a total of 539,640 contracts to trade against the physicals as the Resolutes keep the pressure on the sellers.

SCOTUS Alito told officials in Pennsylvania to file briefs by the morning of Dec. 8 in response to the emergency injunction petition filed by Republicans seeking to challenge the claimed results of the Nov. 3 presidential election in the Keystone State. Ironically or not, a state that has had more voter fraud in its past than any other state

Georgia’s Secretary of State Brad Raffensperger’s claim of “No Evidence Of Fraud In Second Recount” has been challenged. How can he claim to not have seen the video evidence of ballot counters still counting after the republican viewers and media were escorted out over a month ago? All this is going to make watching the court cases far more interesting as we follow the accusations up the ladder of control.

Let it all unfold, regardless of the outcome, and while all that is playing on, get more precious metals while one can at these super discounted prices. Everyone in the community may not support the final electoral outcome, but we do live under laws, and those laws have to be followed by everyone, period, or we failed those that fought and bled before us, like those that died on the “date which will live in infamy”. We are, One Nation, under God, indivisible, with liberty and justice for all. A Deep Bow of Respect for our fallen, and as always …

Stay Strong!

Jeremiah Johnson

JeremiahJohnson@cableone.net

More J.Johnson content is available with purchase of a JSMineset subscription.

.

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.

Dawn Giel | Dan Mangan

Published 3:33 PM ET Tue, 20 Nov 2018 Updated 10:32 AM ET Wed, 21 Nov 2018CNBC.com

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.

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

Submitted by cpowell on Tue, 2019-03-05 14:40. Section: Daily Dispatches

9:47a ET Tuesday, March 5, 2019

Dear Friend of GATA and Gold:

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

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

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

…

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

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

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

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

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

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

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

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

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

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

* * *

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

i) Chinese yuan vs USA dollar/CLOSED DOWN AT 6.5394 / /

//OFFSHORE YUAN: 6.5272 /shanghai bourse CLOSED DOWN AT 27.98 PTS OR .81%

HANG SANG CLOSED DOWN 329.07 PTS OR 1.23%

2. Nikkei closed DOWN 155.22 POINTS OR 0.67%

3. Europe stocks OPENED MOSTLY RED/

USA dollar index UP TO 90.95/Euro FALLS TO 1.2126

3b Japan 10 year bond yield: RISES TO. +.03/ !!!!(Japan buying 100% of bond issuance)/Japanese yen vs usa cross now at 104.14/ 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:: 45.83 and Brent: 48.84

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 DOWN for WTI and DOWN FOR Brent this morning

3i European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund FALLS TO -.57%/Italian 10 yr bond yield DOWN to 0.62% /SPAIN 10 YR BOND YIELD DOWN TO 0.06%…ITALIAN 10 YR BOND YIELD/GERMAN BUND: 1.19: DANGEROUS FOR THE ITALIAN BANKING SYSTEM

3j Greek 10 year bond yield FALLS TO : 0.63

3k Gold at $1834.60.80 silver at: 23.77 7 am est) SILVER NEXT RESISTANCE LEVEL AT $30.00

3l USA vs Russian rouble; (Russian rouble UP 9/100 in roubles/dollar) 74.03

3m oil into the 45 dollar handle for WTI and 48 handle for Brent/

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

JAPAN ON JAN 29.2016 INITIATES NIRP. THIS MORNING THEY SIGNAL THEY MAY END NIRP. TODAY THE USA/YEN TRADES TO 104.14 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 .8907 as the Swiss Franc is still rising against most currencies. Euro vs SF is 1.0800 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 –0.57%

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 0.945% early this morning. Thirty year rate at 1.705%

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

6. TURKISH LIRA: UP TO 7.84..

Futures Slide On Fresh Brexit Turmoil, US-China Tensions

After opening at a new all time high on Sunday evening following Friday’s record close, S&P futures drifted lower as fresh Sino-U.S. tensions over Hong Kong dented sentiment and renewed last minute disagreements threatened to torpedo Brexit negotiations, while investors also awaited concrete signs of progress on a coronavirus relief bill. Oil fell while the dollar rose.

Shares of U.S. banks including Morgan Stanley, Wells Fargo & Co, JPMorgan & Chase, Citigroup and Goldman Sachs fell between 0.4% and 1% in premarket trading. Intel dropped on a report that Apple Inc. is planning a series of new Mac processors aimed at outperforming Intel’s fastest chips.

Risk aversion hit global markets after Reuters reported late on Sunday that Washington was preparing to impose sanctions on some Chinese officials over their alleged role in Beijing’s disqualification of elected opposition legislators in Hong Kong. China said it firmly opposed U.S. interference in its domestic affairs, in response to the report.

The news hit Hang Seng shares and pulled Asian equities lower, weakening the Yuan and pushing the Shanghai Composite down 0.8% even after 21.1% jump in China exports – the most since early 2018 – pushing its trade surplus to a monthly record high and underlining how global demand for pandemic-related goods is supporting a growth rebound in the economy.

Nominal exports to the US surged 46.2% in USD terms, putting the monthly bilateral surplus ($32.8bn) above levels observed at the end of 2019 (just as the US/China Phase 1 deal was being finalized). From the perspective of that agreement, the US/China bilateral balance has been trending in the wrong direction (helped by the effects of COVID-19). Merchandise exports to the US, as a share of total exports, ended 2019 at 13.6%, but they were back to 17.6% as of November 2020. Elsewhere, Equities in Japan also dropped while Taiwan and South Korea climbed.

Sentiment soured further after the pound tumbled 1.3% against the dollar, dropping as low as 1.3225 after hitting a high of 1.539 on Friday, its biggest drop in three months with gilts rallying, amid concern that trade negotiations between the U.K. and the European Union could collapse. The selloff catalyst was a report from The Sun according to which Prime Minister Boris Johnson is ready to pull out of talks within hours, coupled with a warning from a British official who said that Brexit talks could fail on Monday unless negotiators make progress in the next few hours as 11th hour negotiation posturing and jawboning peaks. Prime Minister Boris Johnson is due to speak to European Commission President Ursula von der Leyen on Monday evening and that conversation will be a make-or-break moment, another U.K. official said.

In Europe, the Stoxx Europe 600 declined 0.4%, led by autos, travel and energy sectors also underperforming while the export-heavy FTSE 100 Index climbed 0.5%. The Stoxx 600 Banks Index dropped 2%, the biggest decliner on the European sector leaderboard amid a wider underperformance of cyclical stocks. HSBC shares were the biggest drag on the index, falling 2.1%, as the lender is once again swept into Hong Kong’s turmoil. A former pro-democracy lawmaker, who has fled into self-imposed exile, accused the bank of freezing accounts he and his family held. Other U.K. banks Lloyds -4%, Barclays -2.2% among weakest in banks sector as talks on post-Brexit trade deal continue.

European stocks slumped even tough German industrial production expanded by 3.2% in October, double the 1.6% expectations as a 5.2% gain in capital goods production, and a 4.0% gain in intermediate goods production, pushed growth in overall manufacturing meaning the start of Q4 was positive for both output and forward-looking orders. The overall increase reflected strong growth across all types of goods except non-durable consumer goods. Across subsectors, the composition was strong, with the auto sector experiencing a second month of strong growth. However, Goldman notes the notable decline of food, beverages and tobacco likely which reflects the gradual tightening of containment measures in October and foreshadows larger drops through Q4. That said, the continued resilience of German industrial activity is consistent with manufacturing surveys and should be supported in the coming months by a slowdown of the inventory drawdown and stronger extra-Euro area industrial activity, while intra-Euro area demand is set to remain a weak spot.

Meanwhile, talks aimed at delivering fresh coronavirus aid gathered momentum in the U.S. Congress on Friday, as a bipartisan group of lawmakers worked to put the finishing touches on a new $908 billion bill. After months of deadlocked negotiations between Republicans and Democrats, pressure has mounted on policymakers to help people and businesses hit hard by the surging pandemic, especially after a set of weak labor market indicators.

“There are uncertainties that weigh on sentiment — the U.S. sanction on China, the U.S. fiscal plan that’s yet to be endorsed, and a Brexit deal that didn’t happen over the weekend,” said Mohit Kumar, a strategist at Jefferies International. “Any pullback from last week may be shallow though as overall, I think the market remains optimistic that we will get a fiscal deal and a Brexit deal this week.

In rates, Treasuries were higher following bigger gains for gilts facing increased chance of a hard Brexit. Demand emerged in Asian session to buy Friday’s back-up in yields before gains were extended during London morning. Yields were lower by more than 3bp across long end, with 10-year around 0.94%, 2.5bp richer on the day; curve is flatter with 2s10s, 5s30s spreads each tighter by ~2bp. Gilts outperform Treasuries by 3bp, bunds by 1bp. A new Treasury auction cycle starts Tuesday with record $56BN in 3-year note, followed by 10- and 30-year reopenings for $38BN and $24BN over next two days.

In FX, as noted above the biggest mover was the sharp slide in the pound which weakened the most in three months on concern that trade negotiations between the U.K. and the European Union could collapse. At the same time, the dollar was set for its biggest advance in more than a month and Treasuries advanced as efforts to deploy a coronavirus vaccine were outweighed by renewed U.S.-China tensions. The Bloomberg Dollar Spot Index snapped a four-day loosing streak, to rise by as much as 0.6% as the greenback advanced versus almost all of its Group-of-10 peers. The euro fell below $1.21 and bunds advanced after the German state of Bavaria tightened coronavirus lockdown measures; Germany is looking to impose tougher restrictions on movement after a nationwide partial shutdown failed to bring contagion rates down to manageable levels. The Swiss franc and the yen were the best performers as investors sought havens amid a report that the U.S. is preparing to sanction at least a dozen more Chinese officials over their role in the recent disqualification of Hong Kong legislators.

In commodities, oil fell from its strongest close in nine months, hampered by weaker risk sentiment in global markets despite Asia hiking its prices to Asian customers. Gold dropped on a stronger dollar.

On the calendar, we get earnings from Coupa Software, Smartsheet, Casey’s, while the latest consumer credit data hits at 3pm.

Market Snapshot

S&P 500 futures down 0.5% to 3,680.50
STOXX Europe 600 down 0.5% to 392.19
MXAP down 0.3% to 193.35
MXAPJ down 0.07% to 641.34
Nikkei down 0.8% to 26,547.44
Topix down 0.9% to 1,760.75
Hang Seng Index down 1.2% to 26,506.85
Shanghai Composite down 0.8% to 3,416.60
Sensex up 0.8% to 45,433.20
Australia S&P/ASX 200 up 0.6% to 6,675.02
Kospi up 0.5% to 2,745.44
German 10Y yield fell 3.5 bps to -0.582%
Euro down 0.3% to $1.2089
Brent Futures down 1.2% to $48.68/bbl
Italian 10Y yield rose 2.2 bps to 0.513%
Spanish 10Y yield fell 3.0 bps to 0.051%
Brent Futures down 1.2% to $48.68/bbl
Gold spot down 0.5% to $1,830.49
U.S. Dollar Index up 0.5% to 91.17

Top Overnight news from Bloomberg

President Donald Trump and Senate Majority Leader Mitch McConnell will come “on board” with a $908 billion package to provide pandemic relief, according to a member of a bipartisan group that’s seeking legislation before the end of the year
President Donald Trump said his attorney Rudy Giuliani, who has been leading efforts to overturn the results of the Nov. 3 general election, has tested positive for the coronavirus
China’s exports jumped in November by the most since early 2018, pushing its trade surplus to a monthly record high and underlining how global demand for pandemic-related goods is supporting a growth rebound in the world’s second-largest economy
Sales of the U.K.’s safest residential mortgage-backed securities, or prime RMBS, have collapsed this year and they are unlikely to pick up significantly in 2021 as banks instead utilize central-bank stimulus programs. That has left riskier deals from non-bank lenders dominating issuance amid a government-stoked housing- market boom
Riksbank Deputy Governor Anna Breman says she wouldn’t hesitate to expand purchases further and consider other measures such as a rate cut, if conditions in the economy should worsen, according to minutes of the November meeting; Deputy Governor Martin Floden presented a “long list of objections to the proposed decision” to expand QE through to the end of 2021

A quick look at global markets courtesy of NewsSquawk

Asian equity markets were mixed despite the region initially taking its cue from the fresh record levels last Friday on Wall Street in which all major indices posted all-time highs. ASX 200 (+0.6%) was positive with strength in mining names and tech more than compensating for the early sluggishness in the financials sector after the RBA announced the Payments System Board began periodic review of retail payments and noted that the cap on what banks can charge merchants was too high and needs to come down. Nikkei 225 (-0.8%) initially gained but then faltered on the pressure of the recent currency strength and KOSPI (+0.5%) swung between gains and losses in a retreat from its record highs. Hang Seng (-1.2%) and Shanghai Comp. (-0.8%) gave up opening gains with sentiment dampened by several factors including another substantial PBoC liquidity drain and continued tensions between the world’s top two economies as President Trump’s administration is preparing sanctions on at least a dozen Chinese officials over Beijing’s move to disqualify elected legislators in Hong Kong, while FTSE Russell announced it is to remove 8 Chinese companies including Hangzhou Hikvision, China Railway Construction Corp. and China Spacesat from several products following the US blacklisting announcement. Participants also digested mixed Chinese trade data and Hong Kong underperformed as the rejig of its main index took effect in which the total number of constituents was increased to 52 from 50 with the inclusion of Anta Sports (2020 HK), Budweiser APAC (1876 HK) and Meituan Dianping (3690 HK), while the benchmark’s founding member Swire Pacific (87 HK) was removed. Finally, 10yr JGBs began softer after the recent retreat beneath 152.00 amid the bear-steepening in USTs post-jobs data, although prices have rebounded off their lows with some support from the soured risk appetite and with the BoJ present in the market for JPY 580bln of JGBs predominantly concentrated in 1yr-3yr maturities, while it also offered to purchase JPY 300bln of corporate bonds from Thursday.

Top Asian News

U.S. Poised to Sanction More China Officials Over Hong Kong
China Official Reserves Rise to Highest Since April 2016
Hong Kong’s Top Chinese Stocks Drop on Sanction Risk Concerns
Chevron Shuts Offshore Separator at Wheatstone LNG Plant
JD Health Shares Trade 28% Higher in Hong Kong’s Gray Market

European equities trade mostly lower as the region took its cue from a similar APAC handover, with Eurozone bourses all in the red (Euro Stoxx 50 -0.5%) whilst UK’s FTSE 100 (+0.4%) bucks the trend. Meanwhile, US equity futures experienced some losses in lockstep with European counterparts but have since trimmed some of this downside. The sectoral performance in Europe sees a more defensive bias, with Healthcare and Staples outpacing peers, the former also aided by gains in AstraZeneca (+2.5%) following a broker upgrade at Morgan Stanley, and in turn providing the FTSE 100 with impetus as its largest weighted stock. Delving deeper into sectors, Oil & Gas and Financials reside as the straddlers amid lower oil prices and yields respectively. Meanwhile, Travel & Leisure retraces some of the recent gains seen in wake of the flurry of optimistic vaccine updates in recent sessions. Elsewhere, UK housing names reside at the foot of the Stoxx 600 amid Brexit jitters, which sees Berkeley Group (-7%), Persimmon (-5.8%), Barratt Developments (-5.0%), Taylor Wimpey (-4.0%) in deep negative territory. In terms of other individual movers, Micro Focus (+16%) catches a tailwind on a broker upgrade at Goldman Sachs. Deutsche Lufthansa (-0.7%) is modestly softer as the group is is expected to cut an additional 10k jobs in Germany next year alongside 20k jobs outside of Germany, according to sources. Finally, Pandora (+5.0%) is firmer after it stated that November had positive sell-out growth and organic growth, whilst reaffirming guidance assuming no lockdowns are imposed.

Top European News

Elliott Is Said to Make Binding Offer for Swiss Baker Aryzta
Vaccine Intensifies European High-Grade Managers’ Taste for Junk
UBS’s Weber Sees No Deal With Credit Suisse in the Near Term
Zero-Carbon Shipping Race Lures Yara to Upgrade Ammonia Plant

In FX, there has been a plethora of Brexit newsflow has seen renewed weakness in the British currency with the crux of headlines pointing to the remaining outstanding issues, with EU’s Chief Brexit Negotiator Barnier’s early-morning briefing to ambassadors seeing a mixed reception – with some pointing to a neutral briefing and other interpretations pointed to a gloomy prospect regarding an imminent trade deal, whilst he rebuffed weekend reports that a breakthrough has been made on fishing. On the domestic front, the Internal Market Bill (allowing ministers to override the WA) is poised to return to the House of Commons today – which could prove to be a sideshow given today’s crunch talks but seen in Brussels as an aggressive move heading into last-minute talks. Eyes will be on the phone call between UK PM Johnson and European Commission President von der Leyen, with the latest guidance pointing to a call in the afternoon (time TBC). In light of the developments above, and amid the UK PM ‘s threat of pulling out from talks within hours over EU demands, Cable retreated from best levels just shy of 1.3450, through the 1.3400 and 1.3300 psychological marks and below its 21 DMA (1.3294) to a current base sub-1.3250 ahead of 1.3200. The Sterling demise and lacklustre risk tone has fed into Dollar strength with DXY rebounding from its overnight base at 90.686 to a current peak at 91.241 – and with clean air seen ahead of the 91.500 psychological mark coinciding with the 2nd Dec high. As such, the Single Currency yielded its 1.2100 status (vs. 1.2140 at best), but with losses cushioned via the EUR/GBP cross which reclaimed a 0.9100 handle, with the current intraday band at 0.9021-9137.

NZD, AUD, CAD, SEK NOK – The Dollar’s revival has pressured other G10s to varying degrees, with non-US Dollars the laggards notwithstanding the Sterling’s performances. The overall risk tone and lower Chinese import figures sees AUD/USD back under 0.7400 (vs. 0.7436 at best) and losing ground below the figure as the pair eyes its 21 DMA at 0.7332. NZD/USD threatens a break below 0.7000 having had fallen from 0.7050. The Loonie has trimmed some gains against the Buck seen in wake of last Friday’s jobs numbers, with softer oil prices also proving to be headwinds – and with clean air up to 1.2900. Similarly, EUR/NOK eclipsed last week’s ~8.900 high whilst the SEK side-lined the Riksbank minutes which largely consisted of reiterations and no new information. EUR/SEK makes headway above 10.2500 having had tested 1.3000 to the upside earlier.
JPY/CHF – The traditional safe-havens have seen resilience despite the firmer DXY with losses seemingly cushioned by haven inflows. USD/JPY sees modest gains as the pair attempts to recoup some recent lost ground, with eyes from a technical standpoint on the 21 and 50 DMAs at 104.42 and 104.77 respectively. USD/CHF meanwhile focuses on Thursday’s 0.8954 high as the pair errs higher from its 0.8896 base.

In commodities, WTI and Brent front month futures kicked the week off on a softer footing following the rally seen last week on the back of OPEC+ expressing unanimity and flexibility with regards to future oil policy, with the next ministerial meeting planned for the 4th of January. Fresh catalysts for the complex have been light in early European trade with prices influenced by overall risk sentiment and Dollar action. Meanwhile, over the weekend Saudi Aramco released its OSPs for January whereby Saudi Arabia set January OSP to Asia at a premium of USD 0.30/bbl over Oman/Dubai which is an increase of USD 0.80/bbl from December and it set OSP to US at a premium of USD 0.55/bbl over ASCI which is lower by USD 0.30/bbl from December. Further, Friday saw the release of the Baker Hughes rig count which showed active oil rigs increasing by five whilst active natgas rigs fell by two. WTI Jan resides around USD 45.50/bbl having earlier fallen to a base around USD 45.40/bbl from best levels at USD 46.25/bbl. Brent Feb 21 briefly dipped below USD 48.50/bbl (vs. high 49.25/bbl). Elsewhere, precious metals were uneventful overnight before succumbing to the Buck, with spot gold meandering around USD 1830/oz after a short-lived dip below 1825/oz (vs. USD 1842/oz) whilst spot silver loses ground below USD 24/oz (vs. high 24.23.oz). In terms of base metals, LME copper prices dipped from eight-year highs amid the overall tone in markets alongside a decline of the red metal imports by China, whilst iron ore imports fell for a second consecutive month, dropping some 8.1% MM.

US Event Calendar

3pm: Consumer Credit, est. $16.1b, prior $16.2b

DB’s Jim Reid concludes the overnight wrap

I hope you had a good weekend. We spent a disproportionate amount of time playing with an app called “Elf Yourself” where you can superimpose photos of family or friends onto dancing characters and make a video. The kids loved it so if you have bored children to attend to over Xmas please download this app. You can see our clip if you look at my Bloomberg message header. It’s ridiculous!

Back to more sober matters and there’s lots of European events for us this week although a US fiscal deal could steal the limelight with the weak payrolls number on Friday perhaps focusing minds. It certainly helped encourage the market on Friday as both yields and equities rose following the disappointing data. On matters European, Brexit talks are reaching a denouement (famous last words), the disputes over the EU’s long-term budget and recovery fund continue, a summit of EU leaders is scheduled for Thursday and we’ll see the final ECB meeting of the year on the same day with the central bank expected to recalibrate its policy stance. Over in the US, the aforementioned stimulus talks, as well as the FDA meeting on Thursday when they’ll discuss an Emergency Use Authorization for the Pfizer/BioNTech vaccine will be the highlights. Elsewhere the U.K. will become the first major economy to roll out a Covid vaccine (Pfizer/BioNTech) from tomorrow. So all eyes on how the logistics of that goes.

Starting with the U.K., Brexit will be back squarely in the global headlines today as negotiations continue in Brussels over a trade deal with the EU, with less than 4 weeks remaining until the end of the transition period. Over the weekend there’ve been a number of developments, with a Saturday call between Prime Minister Johnson and European Commission President von der Leyen acknowledging “significant differences” on the three main outstanding issues, but agreeing to continue talks. Last night there were media reports that there’d been a breakthrough on fish, but on the UK side a government source told journalists that this wasn’t the case, saying that “There’s been no breakthrough on fish. Nothing new has been achieved on this today”. Furthermore, Bloomberg and others are still reporting that it’s the level-playing field that’s the biggest issue, with the EU wanting guarantees that the UK will commit not to undercut EU standards in a range of areas, but the UK seeing that as an unacceptable infringement on its sovereignty. All eyes will be on news reports today, with another call between Johnson and von der Leyen scheduled for this evening. In terms of the market reaction, sterling has moved slightly lower this morning, down -0.16% against the US dollar.

Running parallel to this, today also sees the UK government’s controversial Internal Market Bill arrive back in the House of Commons. As a reminder, this is the bill which sought to break parts of the already-reached Withdrawal Agreement with the EU, with the EU reacting very negatively to its publication. After it passed the House of Commons, the House of Lords amended the bill to take out the controversial sections, but the government have said they intend to reinstate them back in the Commons today. This will not be taken well by the EU so a Brexit deal beforehand would suit everyone. If not the relationship between the two could sour at a very bad time.

Over in Asia, equity markets are trading lower this morning for the most part, with the Nikkei (-0.59%), the Hang Seng (-1.69%) and the Shanghai Comp (-0.66%) all losing ground. The exception is the KOSPI, which has managed to gain +0.20%, but S&P 500 futures (-0.23%) are also pointing lower following the record high for the index on Friday. The declines have come as Reuters reported overnight that the US was preparing new sanctions on at least a dozen Chinese officials over the moves to disqualify opposition legislators in Hong Kong, with the report saying that this could come as soon as today. Meanwhile on the data front, China reported a +21.1% increase in exports year-on-year in dollar terms, stronger than the +12.0% increase estimated. Imports rose by a weaker-than-expected +4.5% yoy however (vs. +7.0% expected).

Moving back to EU negotiations, the other dispute to watch out for will be that with Poland and Hungary over rule-of-law conditions that have been proposed for the disbursement of funds, which both countries see as unacceptable interference in their domestic affairs. This issue is likely to be discussed at the EU leaders’ summit on Thursday and Friday, which is the last scheduled European Council meeting this year. It’s hard to believe this will be a stumbling block for the fund but it isn’t great for the smooth path of future integration.

Staying on Europe, the ECB will be announcing their latest monetary policy decision on Thursday. They’ve already preannounced a recalibration of the policy stance at this meeting at a point where inflation is running at -0.3% over the last year and the Euro is hitting two-year highs against the dollar last week. DB’s Mark Wall has suggested the recalibration will most likely focus on PEPP and TLTRO; and the intention of the recalibration is to maintain favourable financial conditions for longer, not to reduce the level of rates or yields further. DB expect an extension by 6 months of the PEPP net asset purchase period and the TLTRO3 discounted interest rate period beyond their current expiry in June 2021. DB also expect an increase in the PEPP envelope (EUR400bn) and other moves on TLTRO3 (e.g., additional tenders, possibly an adjustment to the lending benchmark, etc). No discount rate cuts are expected but the ECB will likely communicate very strongly its willingness and capacity to extend support even further and to ease the policy stance if needed to achieve its objectives. In effect, stronger informal forward guidance. Communications will likely be a key line of defence against a rising exchange rate. See here for their full preview.

Moving across the Atlantic to the US, the stimulus talks will remain in focus with a bipartisan group of senators today expected to table legislation for a stimulus bill amounting to around $908bn according to reports. There’s still tension on both sides so it won’t be an easy sell but things seem to be more positive than they were. On the monetary side, there won’t be much in the way of Fed speakers this week with FOMC members now in a blackout period ahead of meeting next week.

On the coronavirus, one of the main developments this week will be the US FDA’s meeting on Thursday to discuss an Emergency Use Authorization of the Pfizer/ BioNTech vaccine. Vice President Pence has told governors that the vaccine’s distribution could begin next week and then on December 17 we will see another FDA meeting to discuss an Emergency Use Authorization for the Moderna vaccine so there are some key events coming up.

Finally on the data front, the highlights will include the US CPI reading for November on Thursday, before we get the University of Michigan’s preliminary consumer sentiment index for December the following day. Elsewhere, we’ll get the UK’s GDP release for October on Thursday.

Recapping last week now and it was a story of three different deals: US fiscal stimulus, UK-EU Brexit negotiations and OPEC+’s meeting on production hikes. US stocks rose on the week as both Democratic and Republican politicians both sounded more bullish on getting a fiscal deal done in the near-term. The S&P 500 rallied +1.49% on the week (+0.70% Friday), while the NASDAQ composite rose +2.01% (+0.60% Friday) as both indices finished the week at record highs.

The cyclical trade remained strong as bank stocks on both sides of the Atlantic rallied with US banks up +1.62% while European Banks were up a larger +4.39%. European equities underperformed US stocks in general though as the STOXX 600 ended the week +0.21% higher (+0.59% Friday) while the FTSE (+2.87%) and IBEX (+1.61%) notably outperformed on the week.

Speaking of cyclicals, energy stocks rose with oil prices after OPEC+ members came to a consensus on delaying the productions hikes in Q1 2021. Both Brent Crude ($49.01/bbl) and WTI Oil ($46.01/bbl) closed at their highest levels since the pandemic started after rising +1.72% and +1.05% respectively.

Sovereign bonds sold off sharply as equity indices rose to post-pandemic highs in Europe and all-time highs in the US. US 10yr Treasury yields rose +13.5bps (+6.6bps Friday) to finish at 0.973%, which is the highest level since March. 10yr Gilt yields rose +6.7bps (+2.9bps Friday) to 0.35%, while 10yr Bund yields were up +4.1bps (+0.9bps Friday) to -0.55%. Inflation expectations rose notably, with US 5y5y swaps moving up +11bps bps on the week to 2.30% and EUR 5y5y swaps rising +5.1bps to 1.27%. Elsewhere in fixed income, the improving sentiment saw credit spreads in the US and Europe tighten on the week. US HY cash spreads were -27bps tighter, while Europe HY cash spreads tightened -19bps. US IG was -7bps tighter and -2bps narrower in Europe.

The release of US payroll data was the data highlight from Friday, where we learned that the labour market rebound lost significant momentum last month. The US added +245k jobs (+460k expected), though the unemployment rate fell to 6.7%. The weaker numbers seemed to give the market hope that it would spur Congress and/or the Federal Reserve to enact further measures. Other data highlights included the November construction PMIs from Germany and the UK which were at 45.6 (45.2 prior) and 54.7 (53.1 prior) respectively.

3A/ASIAN AFFAIRS

i)MONDAY MORNING/ SUNDAY NIGHT:

SHANGHAI CLOSED DOWN 27.98 PTS OR .81% //Hang Sang CLOSED DOWN 329.07 PTS OR 1.24% /The Nikkei closed DOWN 203.80 POINTS OR 0.76%//Australia’s all ordinaires CLOSED UP 0.64%

3 a./NORTH KOREA/ SOUTH KOREA

South Korea

b) REPORT ON JAPAN

3 C CHINA

CHINA/USA/HSBC

What on earth is going on here? HSBC, British based, freezes exiled Hong Kong Legislator Hui

Who is giving orders to whom?

(zerohedge)

HSBC Slides Amid Outrage Bank Froze Accounts Of Exiled Hong Kong Legislator

European banks were hits on monday, with the Stoxx 600 Bank Index dropping 2% on Monday, the biggest decliner on the European sector leaderboard, dragged by banking giant HSBC whose shares fell 2.1%, the biggest drag on the index, as the UK-based bank was once again swept into Hong Kong’s turmoil after a former pro-democracy lawmaker, who fled into self-imposed exile in Europe, accused the bank of freezing accounts held by his wife and parents.

Ted Hui is the latest pro-democracy figure to flee Hong Kong and the escalating crackdown on dissent which last week saw Jimmy Lai denied bail, and Joshua Wong, Agnes Chow, and Ivan Lam jailed. On Monday eight people were reportedly arrested by the national security police over a small and peaceful student rally at the Chinese University of Hong Kong last month, including three accused of breaching the national security law.

*Former Democratic Party lawmaker, Ted Hui, is in England after announcing a self-imposed exile*

Hui fled Hong Kong for Denmark last week, before announcing that he and his family would not return. The family are now in the UK where they plan to live in exile.

Over the weekend, Hui alleged that bank accounts belonging to him and his family had been frozen by HSBC, which he labelled “political retaliation through economic oppression.”

Hui told Danish media he faced serious “consequences” including lengthy prison terms if he returned to Hong Kong and was convicted under the national security law. Following an outcry, Hui said his family accounts were partially unfrozen late on Sunday. He said the family were moving funds to other institutions “because of their complete distrust in HSBC”, and he called on regulators to investigate and punish law enforcement officers and banking management who he accused of abusing the law.

According to Reuters and Guardian, HSBC has been contacted with questions, although a spokesman earlier told other media the bank would not comment on individual cases but that the circumstances had been “misrepresented.”

On Monday, after local media reported the accounts were frozen again, under police orders Hui called on HSBC to clarify its comments about misrepresentation, saying his family had made complaints and kept records of dealings with the bank.

“Under the National Security Law, how much are the banks and the business sector willing to sacrifice for the service of the regime?” he said.

Hui earlier said the alleged asset freezings reflected what banks could do “as a result of political pressure”, and this affected the credibility of Hong Kong as an international banking and finance hub. On Monday finance secretary, Paul Chan, rejected the assertion, saying Hong Kong remained “robust”. The Hang Sen Index dropped more than 2% on open on Monday.

Johnny Patterson, policy director at UK-based Hong Kong Watch, said the alleged freezing of Hui’s accounts was “utterly unacceptable” and he accused HSBC of bowing to Beijing’s strategy of economic coercion. “It forms part of the Chinese Communist party’s alarming strategy to eradicate dissent in Hong Kong using every lever available from asset freezes to trumped up lawsuits. The British government should seriously consider applying sanctions in response.”

Late on Sunday Hong Kong police said they were investigating suspected violations of the national security law and money laundering related to a crowdfunding exercise, which Hui denies. The funds were raised for Hui to launch private prosecutions including against the police, but the justice department intervened to stop the prosecutions.

Police also said Hui was also suspected of “foreign collusion”, an accusation levelled against several pro-democracy activists but so far without charge.

Hui is among the dozens of pro-democracy legislators who resigned en masse last month in response to the Beijing-led disqualification of four colleagues. He was facing multiple charges related to the pro-democracy protests and incidents during parliamentary debates. He was on bail when he left Hong Kong and had been granted permission to leave for Denmark.

In response to the news, noted China hawk Kyle Bass slammed HSBC and tweeted “it’s time the United States Flag of United States sanctions HSBC once and for all. HSBC is doing the bidding of the Communist Party of China by freezing accounts of democratic lawmakers in Hong Kong.Account holders will flee in droves now that their deposits are at risk of seizure.”

“We accept responsibility for our past mistakes. We have said we are profoundly sorry for them, and we do so again. The HSBC of today is a fundamentally different organization from the one that made those mistakes,” former HSBC Chief Executive Stuart Gulliver said at the time.

The news sent HSBC shares down as much as 3% before rebounding modestly.

end

CHINA VS USA

14 more Chinese officials on the last Chinese Congresss issued sanctions

(zerohedge)

US Designates 14 More Chinese Officials In Latest Hong Kong Sanctions

The United States has sanctioned over a dozen more top Chinese officials related to interference in Hong Kong.

On Monday the Department of the Treasury announced it has designated 14 individuals who are all members of China’s National People’s Congress, after last month Hong Kong’s Beijing-backed government expelled four opposition member’s from its legislature. This immediately put pressure on other oppositionists to resign.

Most prominent among the 14 newly designated include Vice-Chairpersons of 13th National People’s Congress Standing Committee Dafeng Cai, Jianming Cao, Zhu Chen, Padma Choling and Weihua Wu among others, according to the Treasury Department statement.

But the new US sanctions have stopped short of taking aim at one of the most senior officials. “There had been some anticipation that the U.S. might target one of China’s most senior officials – Politburo Standing Committee member Li Zhanshu – but he wasn’t among Monday’s targets,” according to Bloomberg.

News of Monday’s sanctions were leaked a half-day ahead of the official Treasury announcement, upon which Asian stocks slipped overnight, notably Hong Kong’s Hang Seng dropped 1.2%, with stocks in Shanghai sinking 0.8%, and Japan’s Nikkei 225 falling slightly, 0.8%.

Amid Trump’s continuing pressure campaign, which he’s promised to take right up to Biden’s inauguration on January 20, China’s Foreign Ministry has slammed the move as continuing to spiral relations down the “wrong path”.

“If the reports are true, I believe you can imagine China’s position,“ said spokeswoman Hua Chunying. “We firmly oppose and strongly condemn U.S. interference in China’s internal affairs and sanctions on Chinese personnel under the pretext of Hong Kong. We have expressed our positions to the U.S. side many times and made legitimate and necessary responses,” she added.

Punitive anti-China actions out of the Trump administration are now effectively a daily occurrence, but it appears Beijing plans to simply endure it while counting down the days until Biden enters the Oval. However, by then the incoming Democratic president could be “boxed in” on China.

end

4/EUROPEAN AFFAIRS

PARIS FRANCE

Chaos supreme in France over the weekend

(zerohedge)

Paris Plunges Into Chaos As Protesters Denounce New Security Law

Soaring coronavirus cases, a slumping economy, and continued social unrest plague France at the moment.

According to RT News, thousands of protesters flooded the street of Paris Saturday to denounce President Emmanuel Macron’s “Global Security” bill.

On Nov. 27, the French National Assembly approved the Global Security bill’s Article 24, which makes it illegal to distribute images or videos of police officers that can easily be identified.

The security bill has been criticized by activists and journalists, who warn the government is set to increase its surveillance tools and restrict rights of posting images and videos of police officers online. Journalists say this violates freedom of the press.

According to Reuters, the demonstration began peacefully in Paris then quickly spiraled out of control as protesters and police clashed on city streets.

Protesters were seen torching multiple cars.

Riot police pushed back as protesters advanced.

Protesters were throwing fireworks at the police.

A chaotic scene is unfolding across Paris today.

Some of the protests were peaceful.

Police are holding the line.

Possible looting.

More vehicles on fire.

Protesters are starting fires.

No official totals on how many protesters – but judging by pictures and video on Twitter – perhaps thousands are in attendance.

It was noted by AFP that the recent policing beating of a Black man, music producer Michel Zecler, also intensified anger among protesters.

France has been hit by a tsunami of social unrest this year, from the Yellow vests movement to anti-lockdown demonstrations to now the security bill.

END

UK/MONDAY

No progress seen in Brexit talks. As I have stated, a hard Brexit will be upon the uK on Jan 1

(zerohedge)

Pound Slides As No Progress Seen In Brexit Deal Talks, ‘Transition Period’ Won’t Be Extended

Despite this weekend’s political intervention, which saw Boris Johnson hop on the horn with EU Commission bureaucrat-in-chief Ursula von der Leyen to try and soften the two sides’ ‘red lines’, EU chief negotiator Michel Barnier told a group of leading EU27 bureaucrats Monday morning that no progress had been made on Sunday, sending cable tumbling even lower.

Meanwhile, a spokesman for PM Boris Johnson promised the UK won’t continue EU trade talks next year if the two sides fail to secure a deal, while insisting that the Brexit transition period would not be extended beyond Dec. 31, after ‘Brexit Party’ leader Nigel Farage raised questions about the possibility of another extension.

The situation wasn’t helped by reports in British tabloids like the Sun which claimed Johnson and his government were preparing to withdraw from talks ‘within hours’.

As Barnier dismissed rumors about progress on the issue of fisheries, sentiment soured further after the pound tumbled 1.3% against the dollar, dropping as low as 1.3225 after hitting a high of 1.539 on Friday – the pound’s biggest drop in three months. Gilts are rallying, amid concern that trade negotiations could collapse on Monday when BoJo and von der Leyen hold a ‘check-in’ call in roughly three hours.

While the British will continue to negotiate for “as long as we believe a deal is still possible”, ruling out a continuation of talks next year could put pressure on the EU’s new reported strategy: wait for the UK to suffer the consequences of a ‘hard’ Brexit, which just might force UK leaders to come crawling back to Brussels.

Heading into what’s expected to be an intense week of negotiations as the US Congress tries to pass a new stimulus plan, Wall Street analysts have added the risk of Brexit talks collapsing to their list of “uncertainties” that could potentially dampen sentiment.

“There are uncertainties that weigh on sentiment – the US sanction on China, the US fiscal plan that’s yet to be endorsed, and a Brexit deal that didn’t happen over the weekend,” said Mohit Kumar, a strategist at Jefferies International. “Any pullback from last week may be shallow though as overall, I think the market remains optimistic that we will get a fiscal deal and a Brexit deal this week.”

According to the FT, Barnier told diplomats that talks are in the ‘final days’, with Wednesday serving as the new de facto deadline. Diplomats on both sides gamely insisted that a deal could still be reached. Other reports claimed talks rested “on a knife’s edge”

“The outcome is still uncertain, it can still go both ways,” said one diplomat following Mr Barnier’s briefings. “The EU is ready to go the extra mile to agree on a fair, sustainable and balanced deal…it is for the UK to choose between such a positive outcome or a no-deal outcome.”

As we wait for today’s call between BoJo and von der Leyen, here’s a quick rundown of the main sticking points, courtesy of the FT.

On the question of fisheries the UK is resisting EU demands for countries such as France and Belgium to retain their historic fishing rights in the area six to 12 nautical miles off the British coast.
The two sides are also still negotiating over the length of a multi-year transition period during which access for EU fishing boats to UK waters would be safeguarded. EU diplomats said that a new complication had arisen because of British demands relating to the ownership of UK-registered fishing vessels.
Barnier told MEPs that the UK was still resisting Brussels’ demands that European companies be able to challenge the British government before UK courts if London broke its commitments to a “level playing field” for EU and UK companies.
The EU is continuing to ask for clear guarantees from Britain that the treaty’s restrictions on the use of state aid can be enforced, including by making sure illegal subsidies are reimbursed. Barnier said this was a problem for sectors such as energy and aviation.
Brussels also wants the right to take unilateral action to restrict UK access to the EU market in response to level playing field violations.

Meanwhile, both sides are ramping up preparations for what might happen if the talks fail, as new trade barriers might be joined by onerous restrictions on British financial markets, long seen as the financial epicenter of Europe.

end

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

TURKEY VS FRANCE//MACRON’S ANTI ISLAM STANCE

France has every right to be angry with continual Muslim attacks on its citizenry. Macron then stated he was going to crack down on radical Imams in their mosques. The belligerent Erdogan who wants Islam to permeate across the globe wants Macron gone.

(zerohedge)

Erdogan Says ‘Macron Must Go’ – Hopes France Will Rid “Burden” Soon

Recall that in October Turkey’s President Recep Tayyip Erdogan said his French counterpart “needs mental help” over politically controversial remarks on the spate of “Islamist terrorist attacks” that rocked France.

On Friday Erdogan is at it again, making statements to Turkish press following an Islamic prayer service essentially saying ‘Macron must go’.

“Macron is a burden on France. Macron and France are going through a very dangerous period actually. My hope is that France gets rid of the Macron trouble as soon as possible,” Erdogan told reporters in Istanbul.

France and Turkey have clashed on a multitude of fronts, including the energy exploration issue impacting EU members Greece and Cyprus, as well as terrorism targeting Europe, policy in Libya, and even lately over the war between Armenia and Azerbaijan.

Here’s his comments in context as related by Turkey’s Daily Sabah:

“Macron is trouble for France. My wish for France is to get rid of Macron as soon as possible. Otherwise, they will have to deal with the yellow vest protesters for longer, or ‘red vests’ may appear as well,” Erdoğan told reporters in front of the Hagia Sophia Grand Mosque in Istanbul following Friday prayers.

Erdoğan said that he agrees with the suggestion of his Azerbaijani counterpart, President Ilham Aliyev, who called on France to give Marseille to the Armenians if they are so eager for the latter to have sovereignty.

Last week, the French Senate adopted a resolution urging the government to recognize Nagorno-Karabakh as an independent republic.

The earlier spat in October included Erdogan saying Macron needed “mental health checks” after the French leader’s criticism of global Islamic radicalism.

Erdogan said a that time according to Turkish media:

“What is Macron’s problem with Islam and Muslims? He needs mental health treatment,” Erdogan lashed out. He “does not understand freedom of belief.”

“What can be said to a head of state that treats millions of members of a religious minority in his country this way? First of all, (he needs) mental check,” Erdoğan added.

It all started with President Erdogan taking exception to how Emmanuel Macron characterized the brutal murder of middle school teacher Samuel Paty, beheaded outside Paris on October 16 by a young Chechen refugee angry the teacher had shown cartoon images of Muhammad.

President Macron had clearly defined it as an “Islamist terrorist attack” while urging France to resist such extremism “This is our battle and it is existential. They [terrorists] will not succeed … They will not divide us,” Macron had said in the days after the attack. “One of our compatriots was murdered today because he taught… the freedom of expression, the freedom to believe or not believe,” he added. Macron further vowed to root out the radicals from French society.

This week French authorities have begun a major, unprecedented crackdown and investigation of up to 76 mosques believed to advance anti-French, hardline Islamic teaching and activities. Many are expected to be closed down.

END

6.Global Issues

CORONAVIRUS UPDATE SUNDAY

California Sees Record 25K COVID Cases; NYC Hospitalizations Climb: Live Updates

Summary:

California sees record 25K COVID cases
North Carolina reported 6K cases
US reports record COVID cases
US 7-day average cases at record high
2.6K deaths confirmed Friday in US
UK to start vaccinations Dec. 14
Labour leader enters quarantine after staffer tests positive
Moscow begins COVID vaccinations Saturday
Cases in the Netherlands rise for 2nd straight day
Saudi Arabia reports fewer than 200 cases for first time in months
Iran 8th country to see deaths top 50K
Russian cases top 2.4MM, 4th highest in the world
More Danes infected by Mink farm mutations
Hong Kong to test taxi drivers as cases rise
Hungary sets another record for deaths

* * *

Update (1440ET): Saturday is shaping up to be another tough day with record numbers recorded in states across the country, while infections and hospitalizations climbed in NYC.

Less than a day after San Francisco joined LA in ordering a new lockdown, the state of California has reported more than 25K new cases, notching a new record (that’s a +1.9%).

Maine reported a record daily average number of cases, 265 over the last week, the state’s Center for Disease Control reported Saturday.

North Carolina reported 6K new cases, another record at the end of week in which daily cases topped 5K on three days/. Hospitalizations also climbed to a record 2,171.

Arizona reported 6,799 new cases on Saturday, the fourth time this week that the state recorded more than 5,000 daily Covid-19 infections. During the state’s earlier surge last summer, Arizona never hit the 5,000-a-day mark.

* * *

Capping off another brutal week of COVID-19 infections in the US that saw LA and SF order up new lockdowns, health authorities from across the country reported a total of 224.8K new cases on Friday, a new single-day record.

According to the COVID Tracking Project, the US is still reported more than 1.8MM daily COVID-19 tests, while the number of currently-hospitalized patients has climbed to 101K.

Daily deaths eclipsed 2K yet again on Friday, though the 2.6K new deaths was just below post-springtime highs reached earlier in the week. All told, the US has confirmed 269.8K COVID-19 deaths.

The 7-day average for daily cases is also at record highs.

As far as individual states are concerned, 35 are seeing hospitalizations continue to climb, even as governors and mayors tighten restrictions in some hard hit areas (though some governors have been less willing to impose tough mandatory restrictions, arguing compliance with all social distancing rules should be voluntary).

Notably, some of the hard-hit midwestern and plain states like ND, SD, IL & WI are seeing hospitalizations fall, though those declines are being more than compensated for by rising numbers elsewhere.

Regionally speaking, the South has taken over from the Midwest as the worst hit part of the US.

Globally, cases have exceeded 66 million, while deaths have topped 1.52 million.

In the UK, officials have set a date – Dec. 14 – on which the first doses of the Pfizer coronavirus vaccine will be dispensed to the highest-priority patients (a group that includes health-care workers, nursing home residents and certain ‘essential’ workers). The NHS has a goal of delivering 975 doses per site to priority patients during that week, according to a copy of a letter sent to doctors on Friday. As cases continue to recede thanks to the BoJo’s tougher restrictions, Kier Starmer, the man who replaced Jeremy Corbyn as leader of the UK’s opposition Labour Party, has entered self-isolation after a member of his staff tested positive.

As daily new cases reach record highs with Russian health officials reported 28.8K new cases over the last 24 hours, Moscow kicked off widespread vaccinations of frontline workers and other high-risk people on Saturday, following a Wednesday order from Russian President Vladimir Putin. The Mayor of Moscow claimed that more than 5,000 people signed up in the first five hours of registration on Friday.

The Kremlin has resisted a broad lockdown, putting the responsibility for imposing restrictions on regional governments.

Russia now has reported a total of more than 2.4MM cases, the fourth-most in the world, behind India (No. 3) and ahead of France (No. 5).

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

The number of new cases in the Netherlands increased for the second day in a row. There were 6,577 new reported infections on Saturday, up from 5,921 on Friday and 5,634 on Thursday, ANP said. Measures by the Dutch government had previously lowered the daily number of cases to below 5,000 from 10,000 or more.

Saudi Arabia’s health ministry reported 190 new cases, the first daily count below 200 in eight months (Source: Saudi Arabia).

Iran’s confirmed virus fatalities since the start of the pandemic have topped 50K, making Iran the 8th country to pass that milestone (Source: Bloomberg).

The nation had 321 deaths overnight, down from 347 a day earlier, while the number of new infections fell 9% in the last 24 hours to 12.15K, bringing total known cases to 1.03MM (Source: Bloomberg).

Germany will probably start mass vaccinations by summer and conclude the majority of its immunization efforts by the fall, according to Health Minister Jens Spahn (Source: Bloomberg).

There has been a marked increase in the number of Danes infected by a form of the coronavirus with mutations that originated in mink farms, Berlingske reported, citing SSI, the Danish government agency for fighting infectious diseases. The estimated number of cases is approaching 2,700 (Source: Bloomberg).

Hong Kong announced a one-time mandatory test for taxi drivers beginning Dec. 9. The city has seen 100+ new cases for 2 days in a row (Source: Bloomberg).

Hungary set another daily record for COVID related deaths, as Prime Minister Viktor Orban prepares to announce whether virus curbs will be relaxed for the holiday period (Source: Bloomberg).

There were 36,652 new confirmed Covid-19 cases in India, taking the official case tally to 9,608,211, the Press Trust of India reports (Source: Bloomberg).

end

CORONAVIRUS UPDATE/MONDAY THE GLOBE

UK Plans Historic COVID Vaccination Rollout; Global Cases Top 67MM: Live Updates

Summary:

UK COVID vaccinations to begin Tuesday
US 7-day cases hit new record
38 states seeing rising daily case numbers
Global cases top 67MM
Biden announces top public health appointees
India reports less than 33K cases
Japan sends military nurses to help out in Osaka
South Korea confirms 615 cases
Germany should tighten measures in hot spots

* * *

Britain’s big day is almost here. After the first shipments of the Pfizer COVID-19 vaccine doses arrived in the UK on Sunday (stored in their specialty temperature-sealed containers, of course), the country’s health-care system is preparing to start doling out the first jabs on Tuesday.

In an attempt to underscore the importance of this day, Health Secretary Matt Hancock has branded it “V-Day,” a reference to Britain’s triumph in WWII. An NHS pharmacist who was among the first to receive supplies of the vaccine told the AP that the situation was “just amazing”.

“To know that they are here, and we are amongst the first in the country to actually receive the vaccine and therefore the first in the world, is just amazing,” said Louise Coughlan, joint chief pharmacist at Croydon Health Services NHS Trust, just south of London. “I’m so proud,” she added. Vaccinations will be administered starting Tuesday at around 50 hospital hubs in England. Scotland, Wales and Northern Ireland will also begin their vaccination rollouts the same day.

According to the AP, health agencies and governments around the world will be closely monitoring the British vaccination programs, which will take months to finish. They will be closely noting any successes or failures, as the British people essentially become a type of guinea pig for new mRNA vaccines.

Britain is planning to continue researching the efficacy of several alternative COVID vaccines as the WHO on Monday weighs the ethics of proposed “human challenge” trials that involve deliberately infecting young health patients with the virus to directly test the efficacy of various products, and compare them to one another.

Russia on Saturday began vaccinating thousands of doctors, teachers and others at dozens of centers in Moscow with its Russian-made Sputnik V vaccine, which was approved over the summer after being tested in only a few dozen people.

The excitement in Britain, which has Europe’s highest virus-related death toll at more than 61,000, was palpable.

“Despite the huge complexities, hospitals will kickstart the first phase of the largest scale vaccination campaign in our country’s history from Tuesday,” said Professor Stephen Powis, the national medical director of NHS England.

Meanwhile, in the US, DHHS head Alex Azar said Sunday that the FDA could grant its emergency approval to the Pfizer vaccine as soon as Thursday, allowing the first vaccinations to begin in a matter of hours. Azar added that he believes any American who wants a vaccine should have access to one by the end of Q1. In Germany, which has been slightly more cautious with its approvals, said Monday that it aims to vaccinate 10 million people by the end of the first quarter.

Global confirmed COVID cases topped 67MM on Monday, driven by more record numbers out of the US. In the US, confirmed cases surpassed 14.5MM late Sunday, while confirmed COVID deaths near the 275K mark. The 7-day average for new cases in the US climbed to a new record Sunday as the US reported another 176.8K new cases, breaking below 200K for the first time in five days. Still, the 7-day average climbed to 191K.

Daily deaths topped 2K once again, while hospitalizations hit 101.5K, yet another record.

As temperatures drop in the northeast and frigid midwest and plain states, hospitalizations per capita in the Northeast have outpaced the peak from the worst of the Sun Belt’s outbreak over the summer.

38 states are reporting rising daily case numbers, though badly hit states like ND, SD, IL, WI & IA.

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

US President-elect Biden is expected to nominate Massachusetts General Hospital Chief of Infectious Diseases Rochelle Walensky to run the CDC, while he is also to nominate California Attorney General Becerra as HHS Secretary (Source: Newswires).

China’s Sinovac said it secured approximately USD 500mln in funding for COVID-19 vaccine development and expects to be able to manufacture 300mln COVID-19 vaccine doses annually, while it seeks to complete the construction of a 2nd facility by year-end which its targets to double its capacity (Source: Newswires).

India reports 32,981 cases in the last 24 hours, down from 36,011 the previous day, bringing the country total to 9.68 million. Deaths jumped by 391 to 140,573 (Source: Nikkei).

Osaka Gov. Hirofumi Yoshimura tells reporters he has asked the central government to send nurses from the Self Defense Forces to help operate the prefecture’s new COVID-19 treatment facility for seriously ill patients. Chief government spokesman Katsunobu Kato had said Monday morning that Japan was prepared to send SDF nurses to Osaka and Hokkaido (Source: Nikkei).

Two leading coronavirus vaccine developers – Pfizer Inc. and AstraZeneca Plc – have applied for emergency use authorization in India, according to the Press Trust of India (Source: Bloomberg).

South Korea confirms 615 cases, down from 631 a day ago, bringing the country’s total to 38,161 with 549 deaths. The government will tighten social distancing rules in greater Seoul from Tuesday, closing karaoke bars, gyms and indoor sports centers (Source: Nikkei).

Germany should tighten measures in hot spots, Helge Braun, Chancellor Angela Merkel’s chief of staff, said in an online talk with Bild newspaper (Source: Bloomberg).

Oh OH this is good: Ex Pfizer Executive demands an EU halt on its COVID 19 vaccines with studies of

indefinite infertility on those vaccines

(courtesy Yeadon/Pfizer executive)

Ex-Pfizer Exec Demands EU Halt COVID-19 Vaccine Studies Over ‘Indefinite Infertility’ And Other Health Concerns

Former Pfizer vice president and scientific director Dr. Michael Yeadon and German lung specialist and parliamentarian Dr. Wolfgang Wodarg have filed an urgent application with the European Medicine Agency calling for the immediate suspension of all SARS-CoV-2 vaccine studies – particularly the BioNtech/Pfizer study on BNT162b (EudraCT number 2020-002641-42).

Yeadon and Wodarg say the studies should be halted until a design study is available which addresses a host of serious safety concerns expressed by a growing body of renowned scientists who are skeptical of how quickly the vaccines are being developed, according to Germany’s 2020 News.

On the one hand, the petitioners demand that, due to the known lack of accuracy of the PCR test in a serious study, a so-called Sanger sequencing must be used. This is the only way to make reliable statements on the effectiveness of a vaccine against Covid-19. On the basis of the many different PCR tests of highly varying quality, neither the risk of disease nor a possible vaccine benefit can be determined with the necessary certainty, which is why testing the vaccine on humans is unethical per se. –2020 News

The pair also point to concerns raised in previous studies involving other coronaviruses – including (via 2020 News):

The formation of so-called “non-neutralizing antibodies” can lead to an exaggerated immune reaction, especially when the test person is confronted with the real, “wild” virus after vaccination. This so-called antibody-dependent amplification, ADE, has long been known from experiments with corona vaccines in cats, for example. In the course of these studies all cats that initially tolerated the vaccination well died after catching the wild virus.

The vaccinations are expected to produce antibodies against spike proteins of SARS-CoV-2. However, spike proteins also contain syncytin-homologous proteins, which are essential for the formation of the placenta in mammals such as humans. It must be absolutely ruled out that a vaccine against SARS-CoV-2 could trigger an immune reaction against syncytin-1, as otherwise infertility of indefinite duration could result in vaccinated women.

The mRNA vaccines from BioNTech/Pfizer contain polyethylene glycol (PEG). 70% of people develop antibodies against this substance – this means that many people can develop allergic, potentially fatal reactions to the vaccination.

The much too short duration of the study does not allow a realistic estimation of the late effects. As in the narcolepsy cases after the swine flu vaccination, millions of healthy people would be exposed to an unacceptable risk if an emergency approval were to be granted and the possibility of observing the late effects of the vaccination were to follow. Nevertheless, BioNTech/Pfizer apparently submitted an application for emergency approval on December 1, 2020.

Wodarg Yeadon EMA Petition Pfizer Trial FINAL 01DEC2020 en Unsigned With Exhibits by Zerohedge Janitor on Scribd

Dr. Yeadon made headlines last month when he said “There is no science to suggest a second wave should happen,” and that false positive results from inherently flawed COVID-19 tests are being used to ‘manufacture’ a second wave.

As Ralph Lopez write at HubPages, Yeadon warns that half or even “almost all” of tests for COVID are false positives. Dr. Yeadon also argues that the threshold for herd immunity may be much lower than previously thought, and may have been reached in many countries already.

In an interview last month (see below) Dr. Yeadon was asked:

“we are basing a government policy, an economic policy, a civil liberties policy, in terms of limiting people to six people in a meeting…all based on, what may well be, completely fake data on this coronavirus?”

Dr. Yeadon answered with a simple “yes.”

He then lamented the lives lost as a result of lockdown policies, and of the “savable” countless lives which will be further lost, from important surgeries and other healthcare deferred, should lockdowns be reimposed.

Watch the full discussion below:

Canada warns that conspiratory theorists could burn 5G towers as they link the towers to the virus

(zerohedge)

Canada Warns Conspiracy Theorists Could Burn 5G Towers, Claiming Link To Virus

A conspiracy theory linking 5G to the coronavirus has spread like wildfire this year. In April, numerous 5G towers were set on fire by folks in Britain who believed that radiation from the towers was contributing to the spread of COVID-19.

Now Canada’s intelligence service has warned in a new confidential report, seen by Global News, that violent extremists could be ready to attack 5G wireless communication towers.

“As companies begin 5G infrastructure construction in earnest, extremists from across the IMV extremist landscape could engage in acts of arson and vandalism against that infrastructure,” Canadian Security Intelligence Service (CSIS) wrote in the report.

The confidential report comes amid a wave of COVID-19 disinformation swirling around internet forums that suggest 5G technology could spread the virus.

“Given the extraordinary effect the COVID-19 pandemic has created on the lives of individuals across the world, CSIS is mindful that certain threat actors, across multiple threat landscapes, may seek to take advantage to advance their own interests,” CSIS spokesperson John Townsend said.

Global News lists some of the most most popular COVID-19/5G conspiracy theories:

Perhaps the most elaborate asserts that 5G was designed by governments to depopulate the world, and is part of a broader conspiracy theory called Agenda 21 that imagines the United Nations is trying to establish a new world order.

None have any scientific validity, but white supremacists, neo-Nazis and anarchists have all adopted COVID-19 conspiracy theories to varying degrees, while the anti-vaxxer movement has promoted the notion that 5G is responsible for spreading COVID-19.

CSIS said physical opposition to 5G wireless communication towers is significantly less when compared to other countries in Europe.

However, it said “Canadian-based online communities” were pumping 5G conspiracy and far-right extremist groups were attempting to “capitalize on ‘5G hysteria.'”

end

Michael Every..

Rabobank: Things Might Get Stormy In The Next 48 Hours In The US Election

By Michael Every of Rabobank

Markets are generally trading as if we are all sailing fine seas on finer luxury yachts, basking in the sunshine and drinking gold-flecked cocktails. Guess what? We aren’t. In fact, there may potentially soon be an urgent need to find a safe harbour – if one can.

First, the US election (*again*). Sensible media say this is all over, and are focusing on Joe Biden’s socks. However, things might suddenly get stormy in the next 48 hours. Tuesday December 8 is so-called “safe harbor” day. Any state’s election outcome that is undisputed by that date is ‘locked’ into the Electoral College ahead of their actual vote on 14 December, which are sealed until read out and then approved by Congress on 6 January. (The figure who reads out those votes —and choses which electors to select, if necessary— is the Vice-President: worth remembering). Some constitutional scholars contend only 6 January matters, and some say only 20 January, presidential inauguration day. Regardless, there is a strong under-current of activity ahead of tomorrow’s “safe harbor”.

Supreme Court Justice Alito has moved forward the deadline from 4pm on Wednesday to 9am tomorrow for Pennsylvania to respond over appeals over the constitutionality of its vote-by-mail legislation. This could still mean Alito does nothing. However, having acted twice, and to within the “safe harbour”, there would appear a chance the Supreme Court acts. The question is how if so. Again, it may mean nothing; or it might invalidate some or all mail-in-votes, effectively flipping the state to Trump; or it saying that the election needs to be sent back to where the US constitution says power to appoint electors actually lies – the state legislature.

On which, there is a constitutional battle raging in at least three states: Georgia, Arizona, and Pennsylvania. State Republican leadership is refusing to call special legislative sessions to discuss the election results, yet some state legislators appear close to claiming “plenary” constitutional authority over elections to recall themselves unilaterally. All they would technically need, it appears, is a simple majority. If so, they could *potentially* flip their Electoral College votes, or send competing electors, or not send any at all. This actually has historical precedent. It is unlikely, but far from impossible in the current heated political atmosphere in the US.

Further, with key election court cases still being held in the Arizona, Wisconsin, Nevada, and Georgia state supreme courts, as well as in other courts in those states and in Michigan, it is not unthinkable –if still unlikely– that the Supreme Court opts to roll several or all of them into one ruling –**if** it acts– to try to find a clear resolution, either tomorrow or at least ahead of 14 December. In short, keep enjoying your gold-flecked cocktails – and maybe rightly so. Yet seasoned sailors know that sudden surprises do sometimes happen at sea.

Brexit presents a salient (and saline?) comparison. Since the day in 2016 when markets first choked on their gold-flecked cocktails at the UK referendum result, the assumption has consistently remained “there will be a deal”. With a timetable not much different from that in the US, the outcome is on even more on a knife’s edge. Access to fishing *may* be sorted, but the core issues of ‘level playing fields’ and ‘UK sovereignty’ certainly are not. Trade talks will continue today, and tonight PM Johnson will have to make a final call…and *potentially* then a statement to the nation that there will be no deal. (The only alternative will be to say talks continue until the EU summit on Thursday, the final deadline.)

In that case, as UK government analysis leaked yesterday makes clear, we end up with the ‘break-up of the USSR’ style border and supply-chain chaos nobody wants, and some food and medicines will be in short supply as soon as 1 January. At least we had a lot of practice during Covid-19.

These are two market-shocking events we have been flagging for some time: but there are more.

The US is pressing ahead with more sanctions against Chinese officials. This time there are suggestions that even more important figures within China may be targets. Note already-sanctioned Hong Kong CEO Carrie Lam is now reportedly paid in cash, and has to sit on literal piles of cash at home. Meanwhile, a former Hong Kong pro-democracy lawmaker currently in Denmark has seen his and his family’s Hong Kong-based bank accounts frozen under charges related to the territory’s new national security law. In short, on either side of this geopolitical argument —and for those caught unhappily in the middle– where, and what, one thinks is a true ‘safe harbor’ for one’s funds may need to be rapidly revised. (Also note the US Congress will also vote this week on legislation to help Hong Kongers wishing to leave for the States; that as applications for the path to British citizenship from Hong Kong have reportedly skyrocketed.)

Moreover, as some lick gold from the sides of their crystal glasses and ask for another round from compliant central banks, the head of the World Food Programme on Friday warned 270m people are “marching toward starvation” and that, in some countries, famine is “around the horizon” while “2021 is literally going to be catastrophic.” In short, as commodity prices soar on the back of supply shocks, demand shocks, and a market view of a Great Reflation (for those with lots and those with yachts), food prices in countries already smashed by Covid-19 are about to soar. You want a recipe for real instability? That is what it looks like.

In terms of key data seen today, China just reported its largest trade surplus in decades at over USD75bn, as all things Covid-related continue to fly out the door. Yet the only positive in the data from a global growth perspective was that imports were up 4.5% y/y, a welcome change from the contraction we have been seeing until now. Even then, consider how many of those imports were of soft commodities vs. higher value-added goods.

Meanwhile, the market continues to push key US 10-year yields higher “because gold-flecked cocktails”. Even the US payrolls report on Friday, which came in at 245K vs. 460K expected, still ended up seeing 10-year yields well up. The backdrop we describe above means we were trading around slightly better at 0.95% at time of writing, but expectations are continuing to build of a move above 1%, potentially triggering further Treasury selling. No safe haven there if so. Given the problems the trend of higher US borrowing rates will then cause for many, the market might secretly be happy for a risk-off political event to appear, like a kraken, to keep yields in check.

The renowned William Engdahl…

special thanks to Robert H for sending this to us:

The Warp Speed Push for Coronavirus Vaccines

By F. William Engdahl 18 May 2020

The US White House has appointed a coronavirus “Vaccine Czar” from Big Pharma to oversee something dubbed Operation Warp Speed. The goal is to create and produce 300 million doses of a new vaccine to supposedly immunize the entire US population by year-end against COVID19. To be sure that Big Pharma companies give their all to the medical Manhattan Project, they have been fully indemnified by the US government against liabilities should vaccine recipients die or develop serious disease as a result of the rushed vaccine. The FDA and NIH have waived standard pre-testing on animals in the situation. The US military, according to recent remarks by the US President, is being trained to administer the yet-to-be unveiled vaccine in record time. Surely nothing could go wrong here?

Warp speed is a term out of the sci-fi Star Trek media, defined as a speed faster than the speed of light. In recent weeks billions of dollars have been pledged from governments, from the Bill and Melinda Gates Foundation and others to fast-track a vaccine as well as test medical treatments to combat the VODIV19 illness said to originate from a novel coronavirus first discovered late 2019 in Wuhan China. This rush to create a “miracle” vaccine is ominous and suggests some hidden agenda.

The Conflicted Czar

Washington’s Operation Warp Speed is reportedly the brainchild of Presidential Adviser and son-in-law Jared Kushner. It is being formally run by the Health and Human Services Secretary Alex Azar and Defense Secretary Mark Esper(NOW FIRED) who will work with a new Vaccine Czar. The Vaccine Czar selected for Kushner’s Operation Warp Speed is former GlaxoSmithKline Chairman of its Vaccines Division, Morrocan-born US citizen, Dr. Moncef Slaoui. From 2006 through 2017 Slaoui was Chairman of Global R&D and Vaccines at GlaxoSmithKline and sat on the company’s Executive team and Board of Directors.

While at GSK Slaoui headed the development of Cervarix. Its Cervarix HPV cervical cancer vaccine was reported tied to multiple deaths or severe crippling effects in many recipients. A 2017 WHO monitoring report revealed that serious adverse effects from Moncef Slaoui’s HPV vaccine included complex regional pain syndrome (CRPS), postural orthostatic tachycardia syndrome (POTS) and chronic fatigue syndrome (CFS) that “exceeds any other vaccine.” ^[i] That is not reassuring in terms of the new Czar of a rushed coronavirus vaccine.

In 2015 the Indian Supreme Court investigated charges that young Indian village girls died after being given Cervarix from Slaoui’s GSK. It was done in illegal vaccine “human guinea pig” tests of the HPV vaccine where neither the girls nor their parents were told what it was. The study was reportedly funded by the Bill and Melinda Gates Foundation. ^[ii]

In 2012 while Slaoui headed GSK global R&D and vaccine development, and sat on the GSK board, the company was fined $3 billion by the US Department of Justice, the largest ever fine against a pharmaceutical company. Among the charges was that GlaxoSmithKline deliberately withheld alarming safety data for its major-selling diabetes drug, Advandia, from the US FDA. ^[iii] After Advandia quietly vanished from the product list of GSK.

Slaoui also has ties to the projects of the Bill & Melinda Gates Foundation. He sat on the board of the Gates-funded International AIDS Vaccine Initiative. The IAVI was initiated in 1994 at a Rockefeller Foundation conference and is backed among others by the Gates Foundation, by the US Department of Defense and by Tony Fauci’s National Institute of Allergy and Infectious Diseases. ^[iv]

At a May 15 White House press conference where the President introduced Slaoui as the head of the crash vaccine project, Slaoui stated, “Mr. President, I have very recently seen early data from a clinical trial with a coronavirus vaccine. These data make me feel even more confident that we will be able to deliver a few hundred million doses of vaccine by the end of 2020.”

Though he did not say, he was clearly referring to Moderna and its mRNA gene-edited vaccine, the first US vaccine authorized to enter Phase I human trials after the US government gave the company a staggering $483 million of funding to fast-track the COVID19 vaccine.

Vaccine Czar Slaoui is well-placed with regard to Moderna. After leaving GSK from 2017 until he joined the Trump Operation Warp Speed, Slaoui was on the Moderna Board of Directors. He also still holds $10 million worth of Moderna stock options, options likely to soar in value as the Warp Speed zooms forward. ^[v] This would suggest a glaring conflict of interest with Czar Slaoui, but that’s only the start of this saga, where millions of lives are potentially at threat from a novel inadequately-tested or proven genetically edited vaccine.

Moderna and Slaoui

At this point the leading US Government candidate for winning the “warp speed” race to roll out a Covid19 vaccine is Slaoui’s Moderna Inc. in Cambridge, Massachusetts. That’s surely a coincidence?

Moderna claims that between January 11, when they got the DNA sequence of the virus from China, and January 13–in just two days–working together with Anthony Fauci’s National Institute of Allergies and Infectious Diseases (NIAID) of NIH, they managed to finalize the sequence for mRNA1273 vaccine against the novel coronavirus. At that point Fauci announced unprecedented plans to run human Phase I trials of the vaccine without prior animal studies. The FDA waived animal pretest requirements. The Moderna mRNA1273 tests were funded by the Gates Foundation-funded Coalition for Epidemic Preparedness Innovations (CEPI). ^[vi]

The focus by Fauci on Moderna’s mRNA experimental Covid19 vaccine while Slaoui was heading its development at Moderna is impressive to say the least. The company states that on April 16, Moderna got an award from US government agency BARDA for $483 million to accelerate development of mRNA-1273. This award will fund the development of mRNA-1273 to FDA licensure and manufacturing process scale-up to enable large-scale production in 2020 for pandemic response. At that point the stock value of Slaoui’s Moderna stock options jumped 184%. Then, on May 1, Moderna and Lonza Group announced a worldwide strategic collaboration to manufacture mRNA-1273 at a planned 1 billion doses per year. ^[vii] This is no small deal.

On May 6, Moderna filed a Current Report on Form 8-K with the SEC, which included an interview published by National Geographic with Anthony S. Fauci, Director of NIAID, which described his assessment of the results of testing related to the ongoing Phase 1 clinical study of mRNA-1273. ^[viii] It was quite positive.

So, between January 13 and March 25, Slaoui and his team at Moderna were able to design the vaccine, and to produce it in such a way that it can be injected in humans, Slaoui told a Moroccan magazine, L’Economiste. While with Moderna, Slaoui was fully involved in the development of the mRNA covid19 vaccine.

On May 7 just days before Slaoui became the Trump Vaccine Czar, the US Food and Drug Administration (FDA) approved the gene-edited messenger RNA (mRNA) vaccine, mRNA1273, to go into a Phase II human trial in the summer. On May 12, the FDA gave Fast Track Designation for Moderna’s mRNA Vaccine. Warp Speed, you know.

The FDA with the backing of Tony Fauci’s NIAID in the NIH, granted unprecedented Phase I human trials of the never-before approved mRNA vaccine on April 27. They skipped normal animal, usually rat, testing, to go directly to human guinea pig tests. Moderna says Phase II trial will assess the safety, reactogenicity, and immunogenicity of two vaccinations of mRNA-1273 given 28 days apart. They will enroll 600 healthy adults for the experiment and supposedly follow their health for 12 months after the second vaccination. ^[ix] The plan is to begin human vaccinations by year end.

Dangers of mRNA?

All this, despite the evidence of extreme conflicts of interest between NIAID and other agencies of the US Government with Moderna and now-Vaccine Czar and former Moderna director Slaoui, might be treated more lightly, were it not for the fact that Moderna’s mRNA gene-edited vaccine technology is entirely experimental and never before approved for use as a vaccine. The company itself admits as much. It says, “mRNA is an emerging platform… we are still early in the story. Our most advanced vaccine program (CMV) is in Phase 2 clinical testing and we have no approved drugs to date.” ^[x]

Moderna and others working with the experimental gene-edited mRNA vaccines claim they are safer than the admittedly unpredictable gene-edited DNA vaccines. DNA vaccine research is thirty years old but to date, has failed to produce a single licensed DNA vaccine. Moderna is only 11 years old and the CRISPR gene-editing technology it uses is barely 5 years old. We are told mRNA is completely different and safe.

However, numerous scientists warn that once inside the cell nucleus, mRNA vaccines have a risk of permanently changing a person’s DNA in unpredictable ways. Tony Faudi’s own NIH published a scientific paper regarding the new mRNA vaccine prospects. It read in part, “innate immune sensing of mRNA has also been associated with the inhibition of antigen expression and may negatively affect the immune response. Although the paradoxical effects of innate immune sensing on different formats of mRNA vaccines are incompletely understood, some progress has been made in recent years in elucidating these phenomena.” This is highly experimental science. ^[xi]

Another scientific paper funded by several Chinese universities and republished by the NIH in 2019, reviewing the development of the new messenger RNA technique for vaccines sounded some sober warnings. It noted that there were “Concerns with instability and low immunogenicity.” Further that, “mRNA vaccines are efficient at antigen expression, but sequence and secondary structures formed by mRNAs are recognized by a number of innate immune receptors, and this recognition can inhibit protein translation.” Not only that, but “…several of these delivery vehicles demonstrated toxicity in vivo, which may limit their use in humans.”(emphasis added). The authors concluded that “The immune response mechanism instigated by mRNA remains to be elucidated. The process of mRNA vaccine recognition by cellular sensors and the mechanism of sensor activation are still not clear.” ^[xii]

The US government, in a tight-knit circle all tied to Tony Fauci’s NIAID, the Gates Foundation, WHO are moving with not warp, but rather warped human priorities to deliver us a vaccine that no one can assure is in any way safe. Were Moderna so certain it is safe, they should offer to be legally liable for any mRNA damage. They don’t, nor do any vaccine companies. We need to decide if the scale of the worldwide deaths, inflated or not, alleged to be of covid19, warrant such a human experiment that could alter our genetics in unpredictable and possibly toxic ways.

7. OIL ISSUES

This is going to be good; a huge flotilla of Iranian tankers are heading to Venezuela with fue. Trump wil no doubt block this

(zerohedge)

The ‘Biggest Ever’ Flotilla Of Iranian Tankers Is En Route To Venezuela With Fuel

It appears both Iran and Venezuela are ready and willing to test the outgoing Trump administration in a major gambit to skirt sanctions in a crude and fuel export scheme.

The daily American military newspaper Stars & Stripes alongside Bloomberg reports this weekend that Iran “is sending its biggest fleet yet of tankers to Venezuela in defiance of U.S. sanctions to help the isolated nation weather a crippling fuel shortage,” based on sources familiar with their movements.

“Some of the flotilla of about 10 Iranian vessels will also help export Venezuelan crude after discharging fuel, the people said, asking not to be named because the transaction is not public,” the report continues.

This appears to be the first instance Iran has sent such a large fleet, which may potentially include smaller military escorts or patrols, or possibly armed commandos on board. Things could get interesting especially when the flotilla crosses the Caribbean Sea, given the concentrated presence of US Navy warships there.

While Maduro’s Venezuela is rich in crude, it’s actually for over the past year suffered a nationwide fuel shortage, given state-run processing plans which turn crude into usable gasoline have long fallen derelict and suffered mechanical failures. Caracas has sought outside help, including from the Iranians and Russians, in not only importing the necessary mechanical parts and operational products, but in bringing in teams of technicians that can bring the facilities online.

In the meantime Iran has launched several rounds of fuel deliveries since last summer. At least one major attempt to get Iranian fuel to Venezuela saw four tankers intercepted by the US military in August. The US federal government seized the over 1.1 million barrels of petroleum and later auctioned it off.

The last batch of Iranian petrol to make it through was reportedly in October. Tankers carrying Iranian fuel typically switch off their transponders to avoid attention for their sanctions-busting activities.

But given the size of this current flotilla, it’ll be hard to miss, as Stripes reports further:

The current fleet under sail is about double the size of the one that first startled international observers in May, crossing a Caribbean Sea patrolled by the U.S. Navy, to be greeted by Maduro himself upon arrival.

“We’re watching what Iran is doing and making sure that other shippers, insurers, ship owners, ship captains realize they must stay away from that trade,” Elliott Abrams, the U.S. special representative for Iran and Venezuela, said in September.

end

8 EMERGING MARKET ISSUES

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

Euro/USA 1.2125 UP .0012 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 /MOSTLY RED

USA/JAPAN YEN 104.14 UP 0.091 (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 1.3288 DOWN 0.01346 (Brexit March 29/ 2019/ARTICLE 50 SIGNED/BREXIT FEES WILL BE CAPPED/

USA/CAN 1.2807 UP .0030 CANADA WORRIED ABOUT TRADE WITH THE USA WITH TRUMP ELECTION/ITALIAN EXIT AND GREXIT FROM EU/(TRUMP INITIATES LUMBER TARIFFS ON CANADA/CANADA HAS A HUGE HOUSEHOLD DEBT/GDP PROBLEM)

Early THIS MONDAY morning in Europe, the Euro FELL BY 14 basis points, trading now ABOVE the important 1.08 level FALLING to 1.12160 Last night Shanghai COMPOSIT DOWN 27.98 POINTS OR .81%

//Hang Sang CLOSED DOWN 329.07 POINTS OR 1.23%

/AUSTRALIA CLOSED UP 0,64%// EUROPEAN BOURSES MOSTLY RED

Trading from Europe and Asia

EUROPEAN BOURSES MOSTLY RED

2/ CHINESE BOURSES / :Hang Sang CLOSED DOWN 329.07 PTS OR 1.23%

/SHANGHAI CLOSED DOWN 27.98 PTS OR .81%

Australia BOURSE CLOSED UP .64%

Nikkei (Japan) CLOSED DOWN 203.80 POINTS OR 0.76%

INDIA’S SENSEX IN THE GREEN

Gold very early morning trading: 1833.70

silver:$23.69-

Early MONDAY morning USA 10 year bond yield: 0.945% !!! DOWN 3 IN POINTS from FRIDAY’S night in basis points and it is trading WELL BELOW resistance at 2.27-2.32%.

The 30 yr bond yield 1.705 DOWN 4 IN BASIS POINTS from FRIDAY night.

USA dollar index early MONDAY morning: 90.95 UP 25 CENT(S) from FRIDAY’s close.

This ends early morning numbers MONDAY MORNING

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx6

And now your closing MONDAY NUMBERS \1: 00 PM

Portuguese 10 year bond yield: 0.23% DOWN 3 in basis point(s) yield from YESTERDAY/

JAPANESE BOND YIELD: +.01.% DOWN 1 BASIS POINTS from YESTERDAY/JAPAN losing control of its yield curve/56

SPANISH 10 YR BOND YIELD: 0.22%//DOWN 2 in basis point yield from yesterday.

ITALIAN 10 YR BOND YIELD:0.79 DOWN 3 points in basis points yield from yesterday./

the Italian 10 yr bond yield is trading 57 points higher than Spain.

GERMAN 10 YR BOND YIELD: FALLS TO –.54% IN BASIS POINTS ON THE DAY//

THE IMPORTANT SPREAD BETWEEN ITALIAN 10 YR BOND AND GERMAN 10 YEAR BOND IS 1.87% AND NOW ABOVE THE THE 3.00% LEVEL WHICH WILL IMPLODE THE ENTIRE ITALIAN BANKING SYSTEM. AT 4% SPREAD THERE WILL BE A HUGE BANK RUN…

END

IMPORTANT CURRENCY CLOSES FOR MONDAY

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

Euro/USA 1.1711 DOWN .0033 or 33 basis points

USA/Japan: 105.35 DOWN .203 OR YEN UP 20 basis points/

Great Britain/USA 1.2940 UP .0054 POUND UP 54 BASIS POINTS)

Canadian dollar DOWN 13 basis points to 1.3300

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The USA/Yuan,CNY: closed ON SHORE (x)..GETTING DANGEROUS

THE USA/YUAN OFFSHORE: 6.750 (YUAN up)..GETTING REALLY DANGEROUS

TURKISH LIRA: 7.77 EXTREMELY DANGEROUS LEVEL/DEATH WISH.

the 10 yr Japanese bond yield at +0.01%

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

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

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

London: CLOSED UP 22.67 0.39%

German Dax : CLOSED DOWN 41.73 POINTS OR .33%

Paris Cac CLOSED UP 0.84 POINTS 0.02%

Spain IBEX CLOSED UP 23.80 POINTS or 0.35%

Italian MIB: CLOSED UP 2.81 POINTS OR 0.01%

WTI Oil price; 37.40 12:00 PM EST

Brent Oil: 39.75 12:00 EST

USA /RUSSIAN / RUBLE FALLS: 78.15 THE CROSS HIGHER BY 0.90 RUBLES/DOLLAR (RUBLE LOWER BY 90 BASIS PTS)

TODAY THE GERMAN YIELD FALLS TO –.54 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 : 45.73//

BRENT : 48.72

USA 10 YR BOND YIELD: … 0.931..down 4 basis points…

USA 30 YR BOND YIELD: 1.689 down 5 basis points..

EURO/USA 1.2113 ( DOWN 5 BASIS POINTS)

USA/JAPANESE YEN:104.37 UP .179 (YEN DOWN 18 BASIS POINTS/..

USA DOLLAR INDEX: 90.86 UP 16 cent(s)/

The British pound at 4 pm Britain Pound/USA:1.3380 DOWN 42 POINTS

the Turkish lira close: 7.81

the Russian rouble 73.65 UP 0.47 Roubles against the uSA dollar. (UP 47 BASIS POINTS)

Canadian dollar: 1.2798 DOWN 20 BASIS pts

German 10 yr bond yield at 5 pm: ,-0.54%

The Dow closed DOWN 149.47 POINTS OR 0.49%

NASDAQ closed UP 55.71 POINTS OR 0.45%

VOLATILITY INDEX: 21.86 CLOSED UP .47

LIBOR 3 MONTH DURATION: 0.234%//libor dropping like a stone

USA trading today in Graph Form

Bonds & Bullion Bid As Stocks Skid On Stimulus/Vaccine Stumble

For a few brief moments today, stocks rallied to record highs and all was fixed in the world as leaked “scoops” suggested Mitch McConnell was readying a $900bn COVID Relief Bill that might just work… but then that was dismissed and algos refocused on disappointing vaccine headlines once again…

1154ET SOME STATES’ COVID VACCINE ESTIMATES USED OUTDATED FIGURES, STATE FIGURES ASSUMED MORE PFIZER SHOTS WOULD BE AVAILABLE” HHS
1200ET McConnell re-evaluating liability protection, to announce $900bn bill at 3pm
1215ET McConnell will not be announcing bill at 3pm

“You shall not pass” the bill…

Here’s what that looked like in markets. Nasdaq held gains while Dow and S&P were red with Small Caps trying hard to eke out some gains…

The Dow battled for 30k in the afternoon before the late-day buying-panic hit…

After their recent magnificent squeeze higher, Energy stocks were clubbed like a baby seal today as health officials warned of the darkest winter in the history of dark winters (or some such scary bullshit)…

Source: Bloomberg

Bonds were bid on the day…

Source: Bloomberg

With 10Y yields erasing the post-Payrolls spike from Friday…

Source: Bloomberg

And 30Y Yields appear to have topped out at a key level once again…

Source: Bloomberg

The dollar ended the day modestly higher but well off its overnight highs (seemingly seeing a bid during the Asian market session and offered during Europe’s)…

Source: Bloomberg

Cable was active all day on Brexit deal headlines but ended near the highs of the day…

Source: Bloomberg

Bitcoin dipped back below $19,000 today…

Source: Bloomberg

Oil prices saw two big moves intraday but ended lower with WTI back below $46…

Gold and Silver outperformed today…

Bouncing off their 200DMA and 50DMA respectively…

Source: Bloomberg

Finally, this is probably nothing…

Source: Bloomberg

As Bloomberg’s Jan-Patrick Barnert writes, with an eye-watering 43% rally this year, the Nasdaq 100 Index is among the world’s best-performing gauges amid the pandemic. During the period, investors have poured more money into the largest exchange-traded fund tracking the index than in any year since the height of the dotcom era. The Invesco QQQ Trust Series 1 ETF has logged $17.2 billion of net inflows to date, not far off the $19.7 billion record set in 2000.

Still, at least they are buying some protection after those massive gains… oh wait!?

Source: Bloomberg

What could go wrong?

a)Market trading/this morning/.usa

Stocks Dump ‘N’ Pump: McConnell Said To Unveil $900BN Stimulus At 3PM, Undoing Vaccine News Dip

Last week’s confusing headlines about vaccine availability sparked selling in stocks and it appears the same is happening today as Bloomberg reports:

States including New York and Nevada used outdated federal estimates showing many more doses of Pfizer Inc.’s vaccine would be available as they planned for the initial inflow of shots, said a spokesperson for the U.S. Department of Health and Human Services.

The outdated estimates given to states in October for planning scenarios suggested there would be 20 million doses of the Pfizer-BioNTech SE vaccine available along with 15 million doses of Moderna Inc.’s shot, said the spokesperson, who asked not to be identified by name in an emailed response to questions.

And that sent stocks lower…

Notably, HHS Secretary Azar said yesterday that any American who wants one could get vaccinated by the start of the second quarter.

But this drop did not last long as reports broke that Mitch McConnell was re-evaluating liability protections in order to ease a quick passage of a relief bill… which he is reportedly going to unveil as part of a $900 billion deal at 3pmET…

And stocks bounced back…

Bear in mind that just a few minutes ago, we heard there were still majot sticking points:

Will the GOP fold on state/local bailouts after all this?

Still along time yet before 3pm for algos to play.

b)MARKET TRADING/USA//Afternoon

ii)Market data/USA

iii) Important USA Economic Stories

THIS EMERGENCY DECLARATION IS STILL IN EFFECT!!!!

Sept 12.2018

“I, DONALD J. TRUMP, President of the United States of America, find that the ability of persons located, in whole or in substantial part, outside the United States to interfere in or undermine public confidence in United States elections, including through the unauthorized accessing of election and campaign infrastructure or the covert distribution of propaganda and disinformation, constitutes an unusual and extraordinary threat to the national security and foreign policy of the United States. Although there has been no evidence of a foreign power altering the outcome or vote tabulation in any United States election, foreign powers have historically sought to exploit America’s free and open political system. In recent years, the proliferation of digital devices and internet-based communications has created significant vulnerabilities and magnified the scope and intensity of the threat of foreign interference, as illustrated in the 2017 Intelligence Community Assessment. I hereby declare a national emergency to deal with this threat.”

https://www.whitehouse.gov/presidential-actions/executive-order-imposing-certain-sanctions-event-foreign-interference-united-states-election/

these people voted for Biden/Harris ticket!

Election stories and they are big:

1.EPOCH TIMES/JACK PHILLIPS

Saturday

Arizona legislature calls for an immediate forensic audit of Dominion Voting machines. They probably have all the data form the German servers but this will be good

(Jack Philips/Epoch Times)

Arizona Legislature Calls for Immediate ‘Forensic Audit’ of Dominion Voting Machines

BY JACK PHILLIPS

December 4, 2020 Updated: December 4, 2020

The Arizona House and Senate have called for an audit of the Maricopa County election software and equipment following allegations of fraud and other irregularities presented by President Donald Trump’s team earlier this week.

In a news release Friday, GOP leaders of the Republican-controlled legislature sought an independent audit of Dominion Voting Systems software—used in Maricopa County—called for the audit.

State Sen. Michelle Ugenti-Rita, a Republican said that Maricopa County’s Board of Supervisors “is supportive of conducting an independent audit of their voting software and equipment,” adding: “It is important we maintain all of the voting public’s confidence in our elections, and this is a positive step.”

House Majority Leader Warren Petersen, a Republican, said that “a significant number of voters believe that fraud occurred,” citing “the number of irregularities” that allegedly occurred in Maricopa County and elsewhere in the state.

“Especially concerning,” he said, “are the allegations made surrounding the vendor Dominion,” adding that the county needs to carry out a “forensic audit on the Dominion software to make sure the results were accurate.”

The Epoch Times has reached out to Dominion for comment following Petersen’s statement. Maricopa County has not immediately responded to a request for comment.

Previously, Dominion’s CEO and a spokesman have said it’s not possible to change votes from one candidate to another, as some witnesses claimed in affidavits and in legislature hearings across the United States. They also denied being able to monitor, in real-time, the tabulation of votes and have also denied that Dominion employees have access to the tabulation efforts, saying only county employees do.

In the letter, Petersen was joined by Senate President Karen Fann, a Republican, in calling on the county to audit the results.

Their statement said that Maricopa supervisors have to “move expeditiously” on the forensic audit. The Electoral College will vote to certify the election on Dec. 14.

On Monday, Maricopa GOP Chairwoman Linda Brickman, for example, told the Legislature in an event hosted by President Donald Trump’s lawyers, saying that she and her Democratic partner saw “more than once” Trump votes default and shift to Joe Biden as they were entering votes into Dominion machines from ballots that the machines couldn’t read.

“I observed, with my Democratic partner, the preparation of a new ballot, since the original one was soiled, or wouldn’t go through the tabulators. I read her a Trump Republican ballot, and as soon as she entered it into the system, the ballot defaulted on the screen to a Biden Democratic ballot,” Brickman told lawmakers on Monday. She said that her testimony was submitted in a sworn affidavit under perjury.

“We were never told what, if any corrective action was taken,” Brickman asserted. “All I know is the next day, I was called outside the room that I was working in for signature verification by a supervisor who said, ‘I understand you caused some problems this week and you thought our machines were not working correctly.”

Previously, Trump’s legal team and other lawyers have alleged that Dominion systems are compromised, which triggered a bevy of counter-statements from Dominion that they’re false.

END

2.RED NATION STATE/PEARSON

ONE MACHINE CONFISCATED/FOUND EVIDENCE OF VOTE SWITCHING

(RED NATION STATE/Pearson)

BREAKING: Trump Team Alleges That A Forensics Examination Of Dominion Machine From Ware County, Georgia Found EVIDENCE Of Trump Votes Being Switched To Biden

Ray Pearson

–

December 4, 2020

President Donald Trump’s legal team on Dec. 3 presented surveillance footage at a Georgia state legislature hearing that appears to show ballot-counting workers telling poll observers late at night on Election Day to leave before continuing to count and pulling out what appears to be boxes filled with ballots.

Today more allegations came from Jody Brownlow Hice who serves as a U.S. Representative for Georgia’s 10th congressional district since 2015 as he made another huge announcement.

He says that yesterday they learned that a forensics examination of a Ware County, GA Dominion Voting Systems machine found votes were switched from President Donald Trump to Joe Biden!

Jody Hice appeared at a recent press conference hosted by Trump’s attorney Rudy Giuliani.
He also gave a fierce statement defending our Republic on Newsmax earlier this week:

First, of hundreds, if not thousands, I will assume. Yet, the Propagandogs will go down in a frothing rage barking that there is no evidence.

At the 52:30 mark in the video below, John Fredericks shared the news on the War Room with Steve Bannon:

Just a few hours earlier this morning attorney Lin Wood also confirmed the same news, he said that the Dominion voting machines were “updated” with the algorithms developed to steal votes from President Donald Trump.
He said that Governor Brian Kemp Georgia Secretary of State Brad Raffensperger knew about this.

He later alleged that Kemp is only now calling for a signature audit because he thinks it will placate the masses & silence the angry voters.

Gov. Brian Kemp, the Georgia Republican who has been fiercely criticized by President Trump over his approach to allegations of voter fraud in his state, said Thursday that new testimony has raised additional questions and a signature audit should be performed.

Kemp, who was interviewed on “The Ingraham Angle,” was referring to surveillance video that allegedly showed poll watchers being led out of a room at State Farm Arena, the state’s largest vote-counting center, after being told that the vote count was complete for the night. Once they left, a woman could be seen pulling out suitcases from underneath a table that allegedly contained ballots. The votes were allegedly counted for hours, with no election supervisors present, CBS46.com reported.

Kemp told Ingraham that he has called for a signature audit, but the power in the state to make the order lies with the secretary of state’s office.

“I think it should be done. I think especially [given] what we saw today… it raises more questions,” he said.

Jenna Ellis, one of the lawyers on the Trump campaign’s legal team, responded to the Kemp interview on Twitter, “@TrumpTeam requested signature verification FIVE TIMES.

The state of Georgia announced last month that an official audit of its voting machines found no evidence of fraud or foul play during the 2020 elections, but will this change something?

Secretary of State Brad Raffensperger, who had ordered a certified testing laboratory to conduct an audit of a random sample of Georgia’s machines, said that the probe was both complete and successful in ensuring that the machines hadn’t been manipulated.

“We are glad but not surprised that the audit of the state’s voting machines was an unqualified success,” Raffensperger, a Republican, said in a press release. “Election security has been a top priority since day one of my administration.”

“We have partnered with the Department of Homeland Security, the Georgia Cyber Center, Georgia Tech security experts, and wide range of other election security experts around the state and country so Georgia voters can be confident that their vote is safe and secure,” he added.

The latest allegations about the forensic evidence are breaking news, we still don’t know How many votes were switched, and was it by hand or through inserted malware?

We will update the article as soon as we have more news.

end

3. Pennsylvania

In this state, we have 76/141 Republican state representatives have sent a letter to USA Congress asking them to reject the states 20 electors. And yes the constitution states that it is their right to select their own electors if they believe that the election was fraudulent

(Fairbanks/Gateway pundit)

BREAKING: 76 of 141 Republican Representatives in PA Send Letter to Congress Asking Them to Reject State’s 20 Electors

By Cassandra Fairbanks
Published December 4, 2020 at 6:23pm

On Friday, 76 of 141 Republican representatives in Pennsylvania sent a letter asking Congress asking them to reject the state’s 20 electors, appointed by Democratic Gov. Tom Wolf, who would be voting for Joe Biden.

The representatives also asked for an independent prosecutor and a review of the agency that oversees elections.

The letter pointed to the fact that Governor Wolf has repeatedly undermined election protections in the state.

“For these reasons,” they wrote to the state’s Congressional delegation. “We the undersigned members of the Pennsylvania General Assembly urge you to object … to the Electoral College votes received from the Commonwealth of Pennsylvania.”

The letter came after a memo was signed by members of the GOP establishment saying that “that state legislators had no authority to ignore certified election results and appoint Pennsylvania’s delegates to the Electoral College themselves.”

“Their statement drew a swift rebuke from some of Trump’s top advisers on Friday. Lawyer Rudy Giuliani accused them of in a tweet of ‘covering up for Dem crimes’ and misleading the president. He said he was ashamed of them for ‘letting America down,’” the Philadelphia Inquirer reports.

end

4.THE DEATH OF HARRISON DEAL/STAFFER TO KELLY LOEFFLER

(JULIAN’RUM)

Julian’s Rum

@JuliansRum

So Loeffler’s staffer, Harrison Deal, was dating Gov Kemp’s daughter. Today he dies in a yet-to-be explained “accident” as damning evidence of fraud emerges in GA, and the day before Trump visits GA. 1. How did Deal die? 2. What did he know? 3. Was he going to talk?

Quote Tweet

Lin Wood

@LLinWood

· 16h

Doug Collins @RepDougCollins won over 50% & @KLoeffler lost. She & her husband are in over their heads in Communist China money. That is why she does not demand GA legislature be ordered into special session. Wake up, GA & America! We must #FightBack against the Communist Wave. twitter.com/eternallifepla…

END

A good one!! Dominion tabulating machines have altered vote totals in 28 states and this should void the election in those states.

HARD PROOF: Dominion Vote Tabulating Machines ALTER Vote Totals – May VOID Election in 28 States!

NATIONHAL TURNER06 DECEMBER 2020 HITS: 14856

Ware County, Ga has broken the Dominion algorithm: Using sequestered Dominion Equipment, Ware County ran a equal number of Trump votes and Biden votes through the Tabulator and the Tabulator reported a 26% lead for Biden.

37 Trump votes used in the equal sample run had been “Switched” from Trump to Biden.

In actual algorithmic terms this means that a vote for Trump was counted as 87% of a vote and a vote for Biden was counted as 113% of a vote.

Those conducting the test were so shocked that they ran the same ballots again. The same results appeared. ONE PIECE OF THE PUZZLE SOLVED. (It is worth noting that this was one County, and on one Tabulator alone.

Dominion Tabulators could have been configured with different algorithms in different Counties or States. The point is there is now hard evidence of electronic manipulation of the Election.

The use of illegal and/or fabricated ballots is an additional issue altogether, but this is sufficient evidence to question the validity of the ENTIRE Election in the 28 states that used Dominion software. In fact, it may actually serve to VOID the election in all 28 states!

Source: Debbie Browning Tift Co Republican Party.

end

Special thanks to G. for sending this to us;

VOX populi

Now that the Dominion servers are in the possession of the Trump team and the algorithm has been broken and is being analyzed,

Vox Popoli

#Arkhaven INFOGALACTIC #Castalia House

Home ▼

Sunday, December 06, 2020

Biden delta = +26 percent

Now that the Dominion servers are in the possession of the Trump team and the algorithm has been broken and is being analyzed, it’s beginning to appear that Biden didn’t just lose, he was absolutely destroyed by the Trumpslide.

37 Trump votes used in the equal sample run had been “Switched” from Trump to Biden. In actual algorithmic terms this means that a vote for Trump was counted as 87% of a vote and a vote for Biden was counted as 113% of a vote.

Those conducting the test were so shocked that they ran the same ballots again. The same results appeared. ONE PIECE OF THE PUZZLE SOLVED. (It is worth noting that this was one County, and on one Tabulator alone. Dominion Tabulators could have been configured with different algorithms in different Counties or States.) The point is there is now hard evidence of electronic manipulation of the Election.

The use of illegal and/or fabricated ballots is an additional issue altogether, but this is sufficient evidence to question the validity of the ENTIRE Election in the 28 states that used Dominion software.

If this ratio holds up on a nationwide basis, that would mean that Trump won the popular vote 54-46, with a margin of more than 13 million votes.

Trump: 74,221,816 x 1.149425287356322 = 85,312,432
Biden: 81,284,158 x 0.8849557522123894 = 71,932,883

That put the results almost precisely where I predicted they would be before the election, the second-largest landslide since Reagan-Mondale, which was 59-41. Of course, it’s not only possible, it is likely that the Ware County algorithm was less extreme than the algorithms used in the more populous Democratic strongholds like Philadelphia, Wayne, and Fulton Counties.

Also, the fact that Dominion was only used in 28 states is relevant, but I’m not inclined to bother working all of that out at this point because there could be different algorithms utilized in every county in those states. Once we get some idea what the algorithmic range is, we can see about doing a more accurate estimate.

VD at 12/06/2020 01:00:00 PM

end

7 Michigan

Another win for Trump: Judge allows forensic audit of the Dominion Voting machines in Michigan

(Phillips/Epoch Times

“Big Win For Honest Elections” – Judge Allows Forensic Audit Of Dominion Voting Machines In Michigan

Authored by Jack Phillips via The Epoch Times,

President Donald Trump’s legal team began a forensic analysis of Dominion voting machines in Michigan after a judge on Friday permitted the examination.

“Our team is going to be able to go in this morning at about 8:30 [a.m.] and will be there for about eight hours to conduct that forensic examination and we’ll have the results in about 48 hours, and that’ll tell us a lot about these machines,” attorney Jenna Ellis told Fox News on Sunday.

“A judge actually granted our team access … to conduct a forensic audit,” Ellis added.

Ellis was referring to a ruling from a judge in Antrim County, Michigan, who authorized the audit of 22 Dominion Voting Systems machines, said Trump lawyer Rudy Giuliani.

“BIG WIN FOR HONEST ELECTIONS,” Giuliani wrote in part of a tweet.

“Antrim County Judge in Michigan orders forensic examination of 22 Dominion voting machines.”

It’s not clear which of the several election lawsuits the order originated from.

Later, Antrim County spokesperson Jeremy Scott told the Detroit Free Press that forensic images will be taken from voting machines used during the Nov. 3 election. Judge Kevin Elsenheimer issued the order regarding a challenge from voter William Bailey, who filed a lawsuit alleging that ballots were damaged in a recounting of ballots in a marijuana proposal that narrowly passed, reported Fox News. Elsenheimer’s order doesn’t mention the presidential race, and it’s not yet clear if the order allows Trump’s team to examine the machines.The Michigan GOP last month noted that voting machines in Antrim County incorrectly switched 6,000 votes from Trump to Joe Biden. The Secretary of State’s office said it was due to a technical error and non-updated software, adding that the issue was later corrected.

Ellis, in the Fox News interview on Sunday, cast doubt on the Secretary of State’s claims, saying that it was “an unexplained and so-called ‘glitch.”

(L-R) President and CEO of Election Systems & Software Tom Burt, President and CEO of Dominion Voting Systems John Poulos, President and CEO of Hart InterCivic Julie Mathis testify during a hearing before the House Administration Committee on Capitol Hill in Washington, DC, Jan. 9, 2020. (Alex Wong/Getty Images)

Elsenheimer’s order said that Antrim County needs to “maintain, preserve and protect all records in its possession used to tabulate votes in Antrim County, to not turn on the Dominion tabulator in its possession and to not connect the Dominion tabulator in its possession to the internet,” as reported by the Detroit News.

Jake Rollow, a spokesman for Secretary of State Jocelyn Benson, told the Detroit News that the judge’s order is not clear.

“Reporting errors are common, have no impact on tabulation, and are always caught and corrected in the county canvass if not before, as was the case in Antrim County.”

Dominion Voting Machines, in numerous statements, has vigorously denied that its machines can switch votes from one candidate to another and has also denied ties to other vote-tabulation software companies or foreign governments.

The Epoch Times has reached out to the Michigan Secretary of State’s office and Antrim County after Ellis’s Fox News interview.

END

As I have outlined to you before this is exactly what will happen; the Supreme Court will rule that the 6

rogue states were involved in mail in ballot fraud will then order the State legislators to pick the President. The Governors and State Secretaries violated the US constitution

(zerohedge)

Dershowitz Says Supreme Court May Rule To Let Legislators Pick Alternate Electors

Authored by Tom Ozimek via The Epoch Times,

Attorney Alan Dershowitz said on Sunday that he believes the Supreme Court may get involved in adjudicating on whether state legislators have the power to pick alternate Electoral College electors who would vote for President Donald Trump if legislatures determine there was voter fraud, even after an initial slate of electors has cast its votes on Dec. 14.

Dershowitz made the remarks in an interview with Fox News in which he was first asked about what he thought of claims made by Trump attorney Rudy Giuliani, who said there was a pattern of fraudulent activity that swayed the election in favor of Democrat Joe Biden.

“There certainly is probably cause for investigating and looking further. Giuliani has made very serious accusations. The question is which institution is designed constitutionally to look into it? Is it the state legislature? Is it the courts? Is the clock running in such a way that there won’t be time to look into this?” Dershowitz replied.

His reference to time running out presumably refers to the Electoral College Dec. 14 meeting, at which electors cast their presidential votes.

Congressional clerks handle an Electoral College certificate in the House of Representatives in Washington on Jan. 4, 2013. (Chip Somodevilla/Getty Images)

“The American public wants to know, is Giuliani correct or isn’t he correct. I don’t know whether we’ll find that out in time for the meeting of the Electoral College votes,” Dershowitz said.

Attorney Ken Starr, who also took part in the interview, said that a “bit of a nightmare” scenario has taken place in the form of claims of voter fraud relating to absentee and mail-in ballots and other irregularities.

“So what do we now do about it?” Starr said. “I think, to be honest, we’re running out of time, because the Electoral College meets on Dec. 14, so it’s going to take an extraordinary action by legislatures and so forth. And Rudy has rightly pointed to legislatures because therein lies the ultimate—other than the Supreme Court of the United States—ability to have an effect on the just-concluded election.”

Former independent counsel Ken Starr on May 8, 2014. (Win McNamee/Getty Images)

In the interview, Dershowitz was asked about evidence Giuliani has presented, including surveillance footage and around 1,000 affidavits alleging various election-related irregularities and malfeasance.

“These are retail evidence that have to be determined to be true by cross-examination and witnesses,” Dershowitz replied.

Elections officials in states facing allegations of voter fraud and other election-related legal challenges brought by the Trump legal team and others, have insisted there is no widespread voter fraud. Attorney General William Barr said last week that the Justice Department has, to date, “not seen fraud on a scale that could have effected a different outcome in the election.”

Attorney General William Barr speaks in St. Louis, Mo., on Oct. 15, 2020. (Jeff Roberson/AP Photo)

Dershowitz said that the key question would be whether state legislatures, if they determine that significant voter fraud has indeed taken place, have the power to pick an alternate slate of Electoral College electors even after they have cast their presidential votes.

“The core constitutional question that Ken correctly pointed to is clearly state legislatures have the power before the voters vote to pick the electors.” he said.

“The unanswered constitutional question is do they have the powers—state legislatures—to pick electors after the voters vote if they conclude that the voters’ count has been in some way been fraudulent or wrong?”

“That is a constitutional question we don’t know the answer to, and the Supreme Court may get to decide that question if a state legislature decides to determine who the electors should be and changes the electors from Biden to Trump – that will be the key constitutional question,” Dershowitz said.

Asked if he thinks that, if it decides to take up the case, the U.S. Supreme Court would be likely to rule that it was unconstitutional for Pennsylvania to extend the deadline past Election Day for receiving mail-in ballots, Dershowitz replied, “I think so.”

“I think that there’s a 5-4 vote now in the Supreme Court and Justice Alito seemed to suggest that that would cancel out the votes in Pennsylvania that were received after the close of Election Day,” Dershowitz said. “Whether that’s right or wrong, that’s the way I predict the Supreme Court would decide the case if it decided to take the case.”

Meanwhile, an election integrity watchdog said the current Electoral College deadlines not only have “zero constitutional basis,” but are preventing states from fulfilling their legal and ethical obligations to ensure free and fair elections.

The Amistad Project of the nonpartisan Thomas More Society released a study (pdf) on Dec. 4, making the case that the only constitutionally set date in the election process is Jan. 20, when the next president of the United States will be sworn in. All other dates, including the “safe harbor” deadline, the Electoral College vote on Dec. 14, and even the congressional vote count on Jan. 6, are dates set by federal law, which the document argues are “arbitrary” and founded on obsolete concerns.

The study also argued that there is “significant flexibility and precedent in U.S. law for changing the date that electors are appointed, changing the date electors convene to vote, and changing the date electors have their vote certified by Congress,” which, if acted upon, could provide more leeway than the current deadlines for Trump to prove his case of election fraud.

end

Mike Adams

https://www.brighteon.com/caec7189-20c3-42eb-a175-f257dd1ec0f2

end

Giuliani test positive for COVID 19 and is now in the hospital

(zerohedge)

Rudy Giuliani Tests Positive For COVID-19

In a brief tweet this afternoon, President Trump says that his attorney Rudy Giuliani has tested positive for COVID-19:

Many offered positive remarks, wishing him well…

Get better soon Rudy!! We love you!

— Denny Bags (@BagsDenny) December 6, 2020

But, as we have become accustomed to, the tolerant, caring, benevolent liberalati on Twitter is quick to gloat…

pic.twitter.com/iHidB4UVlG

— WeirdIsGood (@JaneVal45317286) December 6, 2020

Sad! Or disgusting!

end

10.

Judge Batten in Georgia dismissed the lawsuit of Sydney Powell as well as the Judge in Michigan.

The Judges are compromised.

ATLANTA — UPDATE: Judge Timothy Batten in the U.S. District Court for the Northern District of Georgia has dismissed the lawsuit.

A similar suit in Michigan was also dismissed this morning.

It’s likely Powell will appeal to the 11th Circuit Court of Appeals in Atlanta, which itself over the weekend dismissed a similar suit brought by the attorney Lin Wood.

Original story below

A hearing will be held Monday morning in Atlanta for the Sidney Powell “Kraken” lawsuit, challenging Georgia’s election results.

The hearing will begin at 10 a.m. in the U.S. District Court for the Northern District of Georgia. The presiding judge is Judge Timothy Batten.

News organizations are not permitted to stream footage of proceedings within the Northern District of Georgia courtroom.

UPDATE: Audio proceedings of this hearing are available via YouTube below:

The sprawling suit at its core alleges a wide-ranging conspiracy perpetrated by international and domestic actors to use Dominion Voting Systems, the company that makes the voting machines for Georgia and a number of other states, to rig the election for Joe Biden, in large part by switching votes from President Trump to Biden.

Georgia’s hand-count audit of all 5 million of Georgia’s paper votes (both those printed out by the Dominion machines, which were reviewed by voters, and those submitted by mail) confirmed the original machine count, and a machine recount has so far confirmed those two previous counts, making it highly implausible the results were manipulated at any point.

Powell and those who have given testimony for her have instead argued that in Georgia, fraudulent ballots were inserted into the system and the hand-count was conducted in a manner to deliberately overlook them. They have not offered direct material evidence of this, instead at a Georgia Senate hearing last week presenting data analysis and accounts of various individuals who served as poll workers or observers during the election and audit.

They also presented surveillance video from State Farm Arena on election night of counting occurring late into the night, after observers and media left. State officials have long acknowledged that counting occurred, and said it was done legally. You can read more about the Fulton County surveillance video episode here: Fact-checking claims about Fulton County’s election | These ‘suitcases’ are actually ballot containers

In a filing over the weekend, the state’s lawyers motioned to bar the admission of testimony from nearly all of the lawsuit’s expert witnesses who would present the analyses that are core to the suit’s contention that Biden’s vote total in Georgia is not legitimate. The state argued these witnesses are both not qualified to present themselves as experts and have not sufficiently disclosed the methodologies by which they present their analyses.

The Powell suit is seeking, among a number of extraordinary forms of relief, the dismissal of all mail-in ballots used in Georgia in this election and an order that Gov. Kemp “transmit certified election results that state that President Donald Trump is the winner of the election.”

end

11.

The major newspaper, the Washington Federalist destroys the Mass Media’s debunking of late night malarkey

in Georgia

(the Federalist/zerohedge)

The Federalist Destroys Attempted Debunking Of Late-Night Ballot Malarkey In Georgia

After explosive video was presented during a Georgia state Senate hearing which clearly shows a handful of election workers in Atlanta waiting for observers and the press to leave, before producing several containers of ballots for a late-night vote-counting party, a group called Lead Stories published a “hoax alert” which falsely claims to have debunked the footage.

The “hoax alert” was peddled by the Washington Post, Newsweek and others – and among other things states that government officials told them that the ballots were in “containers — not suitcases,” and that “party observers were never told to leave because counting was over for the night.”

Nevermind the fact that Lead Stories breathlessly believes claims made by government officials – The Federalist‘s Mollie Hemingway just obliterated the entire ‘fact check,’ proving that the video hasn’t been debunked whatsoever.

First – Party officials claim observers were never told that counting was over for the night.

False: Georgia GOP Chairman David Shafer “has consistently said that’s what happened at State Farm Arena, beginning hours after the election.”

That claim, which he has repeated consistently, is backed by sworn affidavits from two Republican observers, who further allege they were kept an unreasonable distance from the ballots even while they were at State Farm Arena, making it completely impossible to meaningfully do their jobs. (The video, which shows the room from four different angles, fully supports the claim that poll watchers were kept away from meaningful observation of ballot handling.)

The observers say that they arrived for their observation jobs around 8 p.m. They say in the first half of the 10 o’clock hour, a woman with blonde braids who appeared to be a supervisor “yelled out” to those present in the room that they would stop working for the night and would resume in the morning. The Republican poll watchers said they asked Fulton County Elections Spokesperson Regina Waller questions about the status of the ballot count multiples times but that she refused to answer. –The Federalist

According to Lead Stories, however, “There was never an announcement made to the media and other observers about the counting being over for the night and them needing to leave, according to [Frances Watson, chief investigator for the Georgia Secretary of State], who was provided information by the media liaison, who was present.” Lead Stories doesn’t name this “media liaison,” however according to the affidavits, it was Regina Waller – the Fulton County public affairs manager for elections.

As The Federalist‘s Hemingway notes:

OK, so on the one hand you have sworn affidavits from observers saying that supervisors told ballot counters to go home for the evening shortly after 10 p.m. and a video showing everyone leaving en masse at that time. And on the other hand, you have two government officials promising that no one was told that counting was over.

Hemingway further points out that ABC News reported ballot counters were sent home at the same time GOP observers say everyone was told counting had stopped.

So, GOP poll watchers and the MSM reported that counting was delayed.

And it wasn’t just ABC that reported counting was being delayed. Many media outlets reported on counting delays. See, for example, “Fulton County stopped counting absentee ballots for the night.”

Local NBC journalists on site that night independently confirmed “they were told counting was done for the night” and given no indication it would continue before the next morning. The Atlanta Journal-Constitution even reported of a “plan” to stop scanning ballots at the same time the poll watchers said things were shut down… –The Federalist

Second claim – A designated election observer was sent by Secretary of State Brad Raffensperger’s office

Misleading: While Newsweek – and later Lead Stories – claim that while partisan observers may not have been present for the vote count, an “unnamed state election board monitor was present.”

A state election board monitor, who asked for his name not to be used due to safety concerns, told Lead Stories on the phone on December 3, 2020, that he was present at the vote counting location beginning at 11:52 p.m., after leaving briefly at earlier in the evening. He then stayed until about 12:45 a.m., when the work that night was completed.

The deputy chief investigator for the secretary of state’s office was present beginning at 12:15 a.m. November 4, he said. –Newsweek

Yet, the monitor was there for less than an hour – from 11:52 p.m. on election night to 12:45 a.m. – which means that nobody was observing the count for over an hour after the ballots began being scanned at 10:35 p.m.

So, the Lead Stories ‘fact check’ actually reveals that the monitor wasn’t present for much of the time in question. Meanwhile, the Secretary of State’s monitor “is the subject of an affidavit from another witness, devoted exclusively to concerns about the monitor’s conduct prior to the late hours on election day, according to a member of the Trump team. The claims include that he was sleeping on the job and staring at his phone.”

Read the rest of the report here.

end

12.

This is what happens to you if you are a Trump supporter.

(zerohedge)

Dramatic Video Shows Bomb Attack On Michigan Trump Supporter’s House

A Michigan homeowner says he was targeted in a middle of the night bomb attack which left a hole in his living room likely because he is a well-known Trump supporter. He also has multiple pro-Trump signs and banners on his front yard.

Police and media have interviewed the St. Clair Shores resident, just outside of Detroit, after the bombing was caught on tape. He wishes to remain anonymous for fear of further reprisal as police investigate.

*Stillframe of neighbor’s surveillance footage aired by WDIV Detroit Channel 4 news.*

It happened just after midnight early Saturday morning and shook the house in what was initially thought to be a massive transformer explosion.

After hearing two loud booms his neighbors also “thought a bomb went off” according to a local FOX affiliate:

Surveillance video of the incident showed a man running up to his house and throwing an explosive through a front window, according to the station. Another recording captured a man running out of a pick-up truck and throwing a second explosive.

“We came out and there was a big mess here,” the homeowner told reporters. “Everything was smoking and I got on the phone and called 911 and they showed up pretty quick.”

Watch: surveillance footage & local news coverage showing the two explosions:

Thankfully no one was hurt, but media footage showed significant damage to the front of the house, clearly suggesting a powerful detonation, perhaps one or more pipe bombs.

“We’re thinking maybe because I’m a big Trump supporter,” the man underscored. “I mean everyone has people that don’t like them… but not to the extent of trying to blow my house up.”

Watch below: FOX 2 obtained security footage of a man running up to the lawn and throwing a device through the front window, after which there’s a massive blast and debris flying into the street:

Here’s more of his eyewitness testimony via WDIV Detroit Channel 4 news:

“Smoke was filling the house,” the homeowner said. “I went up told her to get out the house, ‘Grab the dog and get out of the house.'”

That’s what the homeowner said he experienced early Saturday morning after hearing not one, but two loud booms. We’re not identifying him, due to safety reasons.

“The explosion went off and it kind of sounded like a transformer, I guess, from a powerline,” the homeowner said. “And then another explosion went off and it shook the house.”

“We were really scared. I mean when you feel your house shake and explode and smoke, you don’t know what’s going on,” he added.

He further described that someone tried to kill him that night as the bombing was meant to set his house on fire with him in it.

The second device was placed in an apparent attempt to blow up a car parked in the driveway, based on surveillance footage:

Currently what’s very likely a politically-motivated terror attack has been ignored by the vast majority of the major mainstream networks and large media outlets, with the exception of Fox News.

“This sure looks like domestic terrorism,” one prominent media commentator and radio host said.

Local media coverage shows the resident has a large Trump 2020 “F*ck Your Feelings” banner attached to a front fence.

However, given the victim is a self-described avid Trump supporter, we don’t expect mainstream media and political leaders to treat it as such. Certainly if the story were flipped it would be receiving wall-to-wall national coverage.

end

13, A Compendium of fraud charges in the USA 2020 election

(RealClearInvestigations)

A Running Compendium Of Fraud Charges In Election 2020

Via RealClearInvestigations.com,

In one corner, President Trump and his allies claim massive fraud cost him the 2020 election.

In the other, Democrats and sympathetic media allies argue that the vote was free and fair and that the charges of fraud amount to sour-grapes conspiracy mongering.

President Trump and first lady Melania Trump at a weekend rally in Valdosta, Ga., in advance of Georgia’s U.S. Senate runoffs on Jan. 5. (AP Photo/Ben Gray)

Many allegations advanced by the president, his surrogates and supporters have been challenged and some have been dismissed by courts or debunked.

Still, in numerous instances, media fact checkers have not been diligent. They have simply run the allegations past state authorities and other officials who would have orchestrated the alleged fraud or had an interest in minimizing irregularities.

It was thus hardly surprising when the New York Times reported that it had called officials in every state and was told, as the headline said, that there was “No Evidence of Voter Fraud.” That’s the kind of statement that inspires skepticism because fraud is inevitable in any big election. The Times itself seemed to acknowledge just that in the article’s sub-headline, which said, without presenting evidence, that there were “no irregularities that affected the outcome.”

Of course, “irregularities” in a basic function of American democracy, even if they did not affect the outcome, remain a significant part of the 2020 election story as court cases and controversies continue.

Below is a running, selective collection of hyperlinked articles detailing charges of ballot irregularities or electronic fraud being made in various states, especially key battlegrounds such as Arizona, Georgia, Michigan and Pennsylvania.

The Latest

Arizona

FBI investigating voter data theft – Forbes
Data expert: between 120,000 and 306,000 fake people cast ballots – NTD Television
Maricopa GOP chairwoman: Trump votes credited to Biden – Capitol Times
Anonymous: 35,000 illegal votes for Democratic candidates – Daily Signal

Georgia

Trump campaign files suit seeking new statewide election – Reuters
House Republicans seek mail-ballot process review before Jan. 5 runoff – Epoch Times
Dekalb County can’t find chain of custody records for absentee ballots – Epoch Times
Trump campaign: Video shows ballot-counting from suitcases after poll workers sent home – Townhall, Twitter
Chief investigator: No ‘mystery ballots’ seen in security video – Washington Examiner
Attorney L. Lin Wood: All 900 Fulton Co. military ballots for Biden – sdfish.com
Wood: Video shows ballots shredded – Cobb County Courier
Data analyst: 40,000 ballots illegally cast by people who had moved – NTD video
Ex-gubernatorial candidate Stacey Abrams group investigated for seeking to “register “ineligible, out-of-state, or deceased voters” before Jan. 5 Senate runoffs – Fox News

Michigan

Judge allows probe of Dominion machines in Antrim County – Fox News
Four takeaways from the state Senate’s vote fraud hearing – Daily Signal

Nevada

Nevada GOP to appeal judge’s refusal to nullify Biden win – Associated Press
Native American voter advocacy group “handed out gift cards, electronics, clothing” in tribal areas, and on Facebook some recipients documented the exchanges for votes while wearing Biden campaign gear – The Federalist
Trump legal team: Audit finds 2 percent of ballots cast in the name of people who said they never received a ballot and 1 percent by those who said they never filled one out – PJ Media
Mail ballots were sent to abandoned businesses – Public Interest Legal Foundation
Trump representatives said more than 1,500 ballots may have been cast by dead voters and that 42,248 people voted “multiple times” – Washington Examiner
Witness: Early voting tallies in Carson County were inexplicably changed on election night – Hearing transcript
Whistleblower affidavit: Clark County supervisors accepted ballots despite concerns regarding required signatures – Washington Examiner

Pennsylvania

Justice Samuel Alito moves up U.S. Supreme Court deadline in mail ballot case – Epoch Times
Lawsuit: Up to 280,000 ballots ‘disappeared’ after postal contractor’s trip from New York – Epoch Times
Tens of thousands of ballots returned earlier than sent date, researcher says – Epoch Times
Mail carrier says he was ordered to collect late ballots for backdating. – Washington Times
Pittsburgh ballots sent to vacant lots – Public Interest Legal Foundation

Wisconsin

State Supreme Court deals Trump challenges third defeat in 30 hours – Milwaukee Journal Sentinel

Sidney Powell

A former member of Trump’s legal team, Powell has filed lawsuits in Arizona, Georgia and Michigan alleging, as ABC News put it, “a complex plot involving shadowy foreign interests” (including Venezuela, China and Iran) as well as Dominion Voting Systems; Republican elected officials, and Democratic poll workers – “all allegedly in cahoots to steal the election from Trump.” This graphic details other claims made by Powell.

The U.S. Attorney General

Barr: No evidence of fraud that would change vote outcome – Associated Press

Earlier: Week of Nov. 22-28

California

Los Angeles prosecutors uncover scheme in which thousands of fraudulent ballots were cast – Just the News

Michigan

Detroit worker swears she witnessed thousands of ballots being falsified – Just the News

Pennsylvania

Large numbers of voters say their absentee votes weren’t counted or someone else requested their mail-in ballot – Just the News
Abnormally low number of rejected ballots – Just the News

Also

Whatever happened to the deepfake threat to the election? – Wired

Nov. 8-21

Georgia

A sudden surge of some 20,000 mail-in votes for Joe Biden in the greater Atlanta area while some 1,000 votes for President Trump mysteriously disappeared – Paul Sperry, RealClearInvestigations

Nevada

Election supervisors in Clark County counted mail-in ballots despite concerns that the signatures were invalid, according to a whistleblower’s affidavit – Washington Examiner
People inside a Biden-Harris van were witnessed opening, filling out, and resealing mail ballots, a whistleblower alleged – Epoch Times

Pennsylvania

Researcher: Tens of thousands of ballots returned earlier than sent date – Epoch Times

Texas

Social worker accused of 134 counts of fraudulently casting ballots for intellectually challenged clients – Attorney General’s Office

Wisconsin

Election officials used potentially illegal administrative policies that could disqualify tens of thousands of ballots – Just the News

Nov. 1-7

Pennsylvania

Supervisors ordered a mail carrier to collect and submit late ballots, the carrier alleged, which supervisors then backdated so that they appeared to have been mailed in time – Washington Times

Texas

Bid to toss nearly 127,000 votes cast via drive-through voting during early voting period in Harris County – SCOTUS Blog

Coverage of election irregularities and challenges – Epoch Times
2020 Election Litigation Tracker – SCOTUSblog, Election Law at Ohio State
A Guide to 2020 Election Laws and Lawsuits – ProPublica

END

14.

My goodness: how brazen!!

OAN

Chairman Of Smartmatic’s Parent Company To Become President Of George Soros’s ‘Open Society Foundations’

FILE – In this June 21, 2019 file photo, George Soros, founder and chairman of the Open Society Foundations, looks before the Joseph A. Schumpeter award ceremony in Vienna, Austria. (AP Photo/Ronald Zak, File)

OAN Newsroom
UPDATED 7:14 AM PT – Monday, December 7, 2020

Billionaire George Soros has appointed the chairman of Smartmatic voting system’s parent company as president of his far-left global organization.

Over the weekend, Open Society Foundations announced Lord Mark Malloch-Brown is set to take over the position next month.

The move comes after Smartmatic sold voting technology to foreign-owned Dominion, which is the controversial software used to count votes in 24 U.S. states for the 2020 election.

Meanwhile, Smartmatic-tied Dominion voting service is facing backlash over what President Trump has described as instances of fraud in the 2020 elections.

“In one Michigan County as an example, that used Dominion Systems, they found that nearly 6,000 votes had been wrongly switched from Trump to Biden,” stated the President. “And this is just the tip of the iceberg, this is what we caught.”

Smartmatic has faced controversy in the past with allegations of rigging the 2013 election in Venezuela to favor socialist President Nicolas Maduro.

END

15.

The correct view as to why Justice Alito advanced by one day his hearing

(Red State)

Justice Alito Advances by One Day and Several Hours the Deadline for Pennsylvania to Respond — My Speculation as to Why

By Shipwreckedcrew | Dec 06, 2020 5:48 PM ET

FILE- In this Feb. 11, 2017, file photo, Supreme Court Justice Samuel Alito smiles as he delivers a keynote speech at the Claremont Institute’s annual dinner in Newport Beach, Calif. Alito said Wednesday, March 15, during a speech sponsored by a Catholic organization in New Jersey that the U.S. is entering a period when its commitment to religious liberty is being tested. (AP Photo/Jae C. Hong, File)

I’ve written twice thus far on the setting by Justice Alito of a deadline for the Pennsylvania state defendants to file their response to the Emergency Application for Injunctive Relief filed by GOP Congressman Mike Kelly and other Plaintiffs. The Plaintiffs are seeking Supreme Court review of the dismissal of their complaint by the Penn. Supreme Court seeking to declare all “no excuse” mailed in ballots for the November 3 election to be invalid based on the claim that the Pennsylvania statute adopting that voting scheme violated a provision of the Pennsylvania State Constitution.

This type of application, because the case is not yet pending before the full Court, is directed initially to the individual Justice who is assigned to receive these types of emergency motions and applications from particular lower Circuit Courts and State Courts. Justice Samuel Alito receives such motions and applications from decisions out of the Supreme Court of Pennsylvania. On December 3 he set December 9 at 5:00 pm as the deadline for the state defendants to file their opposition. As noted, I have written about the possible implications of that date twice previously.

No Home Coming From Justice Alito With December 9 Filing Deadline

An Alternative Scenario Regarding the Reasons for the December 9 Filing Deadline.

Early Sunday morning the Supreme Court docket for this case was updated, and the deadline for the response from the state defendants was moved up to 9:00 am on December 8. No explanation was provided.

As my two prior articles explain, December 8 is a noteworthy date as that is six days prior to the meeting of the Electoral College. A statute passed by Congress states that if a State has resolved all disputes over its elections, certifies the results, and names Electors on or before that day, that determination “shall be conclusive, and shall govern in the counting of the electoral votes as provided in the Constitution, and as hereinafter regulated, so far as the ascertainment of the electors appointed by such State is concerned.” Title 3, USC, Sec. 5.

What can be made of the fact that Justice Alito now wants the state defendants’ response into the Court with a full day remaining for the Court to take action?

On the one had it could be rationalized that Justice Alito — and likely other members of the Court — want the views of both parties to be reflected in the record before it takes action, whatever that action may be.

Keep in mind that Justice Alito could simply deny the injunctive relief on his own, without seeking the response of the state defendants. That is an option he seems to have rejected. If he were persuaded that the application of the doctrine of “laches” by the Penn. Supreme Court was appropriate, or that only issues of state law were presented in the matter, the correct action for him to have taken would have been to simply deny the Emergency Application.

He has not done so.

As I surmised yesterday in my alternative theory, I suspect most/all Justices are already at work drafting legal memoranda and/or draft opinions with regard to their views as to what the outcome should be on at least the Emergency Application, if not the actual merits of the underlying matter itself.

What I suspect has prompted the change in the response deadline is that one or more other Justices sees a point of significance with regard to what day the Court acts, whether that be on December 8 or December 9.

At this point I have not had a chance to look closely enough at the interplay of the dates with the legal issues involving the election in general and the allegations of the Kelly complaint in particular. But I’m confident that the issue of what remedy might be afforded to a prevailing plaintiff in a post-election challenge to the validity of ballots cast in Pennsylvania has been studied in one or more Justices’ Chambers.

Justice Alito was certainly concerned about available “remedies” when he ordered that any “late” mailed-in ballots be segregated from other ballots while the Court considers the Penn. Supreme Court’s extension of the statutory deadline for receipt of mailed-in ballots.

The alteration of the response date seems to suggest that the Court will take whatever action it is going to take on December 8, and doing so on December 8 is important to the determination of the matter by at least one Justice. Accommodating that Justice’s anticipated vote would explain why Justice Alito felt compelled to make the change on a Sunday morning.

Who that Justice could be or why resolving the case on December 8 might be important remain mysteries to me.

END

DNI Ratcliff states that election issues must be resolved before a winner is declared.

(COURTESY Jack Phillips/Epoch Times)

DNI Ratcliffe Says Election ‘Issues’ Must Be Resolved Before Winner Declared

Authored by Jack Phillips via The Epoch Times,

The top U.S. intelligence official suggested on Sunday that election lawsuits and other issues need to be resolved first before the winner of the Nov. 3 presidential election is declared.

Director of National Intelligence John Ratcliffe told Fox Business that issues brought up by President Donald Trump’s legal team have to be heard in court.

“These election issues, we’ll see who is in what seats and whether there is a Biden administration,” he told the broadcaster.

Ratcliffe said that due to the unprecedented expansion of mail-in voting, many questions remain about the results.

“Essentially we had universal mail-in balloting across this country in a way we hadn’t seen before, and to that point, almost 73 percent of the American people this year voted before Election Day, a good percentage of those by mail,” he said.

“That’s about an 80 percent increase over anything we’ve ever seen before, so it’s little wonder that we see what’s happening around the country as a result of that, with mail-in balloting and all of the questions—and the questions that are being raised in lawsuits and by everyday Americans about what happened in the election,” Ratcliffe said.

In the interview Sunday, Ratcliffe made note of allegations that were brought up in recent days, including a truck driver who claimed to have transported hundreds of thousands of apparently completed mail-in ballots from a town in Long Island, New York, to Pennsylvania. He also referred to recent footage obtained by Trump’s team that shows election workers pulling out black, suitcase-like ballot containers from beneath a table after poll observers and other election workers were apparently told to go home for the night at the State Farm Arena in Atlanta.

“But people need to understand that’s different than election fraud issues—things like postal drivers saying they took 200,000-plus ballots from New York to Pennsylvania. Tens of thousands of ballots supposedly mailed in, but no folds or creases in them. More votes than ballots issued in places,” the intelligence chief said.

“People pulling out suitcases and video evidence of that with questionable explanations for that. Those are issues of election fraud that need to be investigated and there’s a lot of them and it’s not just one person or one group of people. It’s across the country.”

Georgia election officials said the video showing containers being pulled from the table is not unusual, while Trump’s team said it is evidence of fraud. Officials in Fulton County, Georgia, and election officials have provided conflicting accounts of what happened on the night of Nov. 3, with one Fulton County spokesperson, Regina Waller, telling ABC News and other outlets at 11:30 p.m. on Election Night that vote counting was done for the night.

Later that week, other Fulton County officials confirmed that counting had continued for several hours longer. Georgia’s Republican Party chief, David Shafer, has said that poll observers were not present during this time period.

As a result, Ratcliffe said numerous Americans don’t believe “the votes were counted fairly, that the processes at the state and local level weren’t administered fairly.”

Arizona Legislature Shuts Down After Giuliani Diagnosis; Trump Says “No Temperature, Doing Very Well”

Arizona officials are scrambling to enact coronavirus health and tracing measures out of abundance of caution following the late Sunday announcement that Rudy Giuliani tested positive for COVID-19 and was hospitalized.

Arizona’s state House and Senate have closed down for a week “out of an abundance of caution” after Giuliani visited and met with top state Republican officials,The Arizona Republic reports.

Giuliani held a series of indoor events lobbying to overturn election results in key states, including in Arizona, Michigan, Georgia and Pennsylvania. He visited these within the two weeks prior to his COVID-19 confirmation. It was reportedly 48 hours after he returned to D.C. that he learned of his diagnosis.

Giuliani was in Arizona last Monday (Nov.30) at the Pheonix hotel for nearly ten hours at an event in which Republican lawmakers for the state heard testimony of alleged widespread election fraud.

On Monday afternoon President Trump gave a briefing to reporters on Giulliani’s condition, saying his personal attorney is doing “very well” and does not have a fever.

“Rudy’s doing well. I just spoke to him. He’s doing very well,” Trump told reporters at a White House event where he presented the Presidential Medal of Freedom to wrestler Dan Gable. “No temperature, and he actually called me early this morning. He was the first call I got. No, he’s doing very well.”

The 76-year-old former New York mayor is currently in Georgetown University Hospital after personally confirming the diagnosis on Twitter, saying he’s “recovering quickly and keeping up with everything,” but without elaborating.

At various times in Arizona a week ago Giulliani appeared to be in close quarters with members of the Arizona Legislature, including for a photo op.

Predictably, Giuliani is coming under fire for appearing to not wear a mask at most or all the events he attended in various states of the past two weeks.

end

House Expected To Vote Wednesday On Stopgap Bill To Avoid Govt Shutdown

While some had hoped for a ‘combo’ stimulus/government-funding bill, it appears that will not be the case – at least in the very short-term – as The Hill reports that The House is expected to vote Wednesday on a stopgap measure to avert a government shutdown after current funding expires this Friday.

While House Democratic leadership had expressed hope for an all-encompassing bill, Democratic aides confirmed Monday that the stopgap ‘continuing resolution’ is expected to last through Dec. 18, and implicitly recognizing the fact that any COVID Relief is not imminent.

On the bright side, if this CR is passed, it will give lawmakers one more week to come to some agreement over the stimulus (and for that matter the omnibus spending bill which remains rife with bigger picture disagreements) before they leave for the holiday break.

Additionally, in yet another disagreement, The House will return over the holidays for a vote to override President Trump’s threatened veto of the defense authorization bill, according to Rep. Adam Smith, the House Armed Services Committee Chairman.

“If the president vetoes it, we will come back and override,” Smith (D-Wash.) told reporters today.

Trump said he would veto the bill if it didn’t repeal the Section 230 liability shield for tech companies (he has also threatened to veto it over requirement to rename bases honoring Confederate generals).

end

Both Kevin O’Leary and Rick Santelli lash out at the stupidness of state lockdowns

a must see

(zerohedge)

“There’s No Science Claim On This” – O’Leary Lashes Out At State Lockdowns As CNBC’s Sorkin Does Damage Control

CNBC’s Andrew Ross Sorkin appears to be doing a bit of damage control, when after a heated Friday debate about lockdowns in which he justified small businesses being shuttered by claiming it was “science” that people were safer at big box stores than at churches and restaurants because of masks, a photo of Sorkin from 6 weeks ago eating “outside” at a restaurant, maskless, surfaced on Twitter.

Sorkin claimed on Friday he was offering a “public health and public service announcement” for the audience when he took on fellow anchor Rick Santelli’s claims that there was a negligible difference between going out to establishments like churches, versus going to stores like Wal-Mart.

Sorkin spent time over the weekend sparring with various Twitter trolls and trying to defend his line of reasoning, but that didn’t seem to be enough. On Monday morning, Sorkin still needed to have his say on the issue. He brought on Dr. Scott Gottlieb to “end the debate” and then, after Gottlieb appeared to agree with him, Sorkin put out a Tweet to tell people to “stay healthy out there” and to quietly suggest that he was right and Santelli was wrong:

But it was hardly the KO that Sorkin made it out to be. Even Gottlieb admitted during his own PSA that indoor restaurant settings could be optimized and safe, stating:

“Could there be indoor restaurant settings that are optimized? Where they have taken steps to reduce the risk? Possibly.”

More like, of course.

Shortly after the exchange, Kevin O’Leary railed against the lockdowns, asking the one key question that seems to be eluding Sorkin: why do the big box retailers get priority over small businesses?

“How is it possible when I’ve spent 60 or 80 thousand dollars on the back of the restaurant and the front of the restaurant to provide seats and heaters – and complied with city ordinances – and was just about to re-open – no tents, this is not tented, this is outside – I’m shut down. And right across the street there’s a big box retailer across the street that has people inside that’s open?” he asked.

O’Leary added:

“There’s no science claim on this… people are making ‘calmative’ science statements… how can ‘outside’ be less safe than ‘inside’…”

and… “All my employees have to be laid off – a third time!”

“I’m not even saying open them inside! I’m only asking ‘How can it be fair?’ and ‘How can it be right’?” O’Leary claims.

Andrew Ross Sorkin eventually chimes in by telling O’Leary:

“I very much agree with you,” before saying “the rules should be applied across the board”.

But O’Leary wasn’t done:

“There’s something really wrong here. You’re picking winners and losers,” he added.

“It’s total chaos out there.”

Recall, it was Friday morning when Sorkin tangled with Rick Santelli about Covid lockdown rules in a clip that has now gone viral across most of FinTwit. The argument began when Santelli took exception with Democratic leaders who have been found breaking their own lockdown rules while forcing their respective local businesses to bear the brunt of increasingly draconian and complex lockdown rules.

Santelli raised the question of why big box retailers were allowed to stay open, but small businesses weren’t:

“Therefore, there is actually and should be an ongoing debate as to why a parking lot for a big-box store like by my house is jam-packed, not one parking spot open. Why are those people any safer than a restaurant with plexiglass? I just don’t get it. I think it’s really sad that when we look at the service sector in all of the discussions we’ve had about job losses that that particular dynamic isn’t studied more, isn’t worked more, we don’t put more people in a room and try to figure out ways so that these service sector employees and employers could all come back in a safer way.”

A clearly galled Sorkin then launched into a patronizing diatribe about the differences between big box retailers, restaurants and churches, and why Santelli was doing viewers a “disservice” by disregarding the science”

“The difference between a big box retailer, and a restaurant – or frankly, a church – are so different it’s unbelievable,” Sorkin insisted.

Santelli shot back: “500 people in a Lowes aren’t any safer than 150 people in a restaurant that holds 600…and I live in an area with a lot of restaurants that have fought back…and they’re open.”

After some more jawing, Santelli concluded:

“I think our viewers are smart enough to make those decisions on their own! I don’t think I am much smarter than all the viewers… like some people do.”

“I don’ think I am much smarter than all the viewers… like some people do.”

Which was repeated this morning by O’Leary, who exclaimed:

“we are restricting poeple from making their own choices…”

Sorkin continued to insist that he was merely trying to educate viewers about “the science” of COVID-19.

As we said Friday, we’d really enjoy hearing Sorkin explain “the science” of how Big Box stores are “completely different” from restaurants and churches. All three can be found in interchangeable strip malls across the country.

The solution offered by the great and the good statists on CNBC was simple – “we need a policy of masks for all… and that will give people confidence to make a come back in the economy.”

The only problem with that utter falsehood is that most of California has been wearing masks outside for months… as have numerous other states with mask mandates… and it’s not helping!

And at least as far as masks are concerned, research has painted what is in reality a pretty fraught picture, as one recent study out of Denmark showed.

The same goes for lockdowns, as the balance between the high cost and time-limited efficacy are still not well understood.

All of which does make one wonder if HumanEvents’ Ash Staub had a point last week when he questioned: if one were to consider the upward transfer of wealth and market share to Big Business since the start of the COVID-19 pandemic, one would think such economic changes were intended. After all, it’s no secret that the interests of politicians and the corporate elite align more often than not.

As we near a year of lockdowns and sheltering in place, the long-term effects of pandemic policy on the economy are becoming clearer. Almost every piece of legislation ostensibly designed to curb the spread of the coronavirus and protect workers has wreaked devastation on small businesses—while benefiting the largest corporations. Roughly 100,000 small businesses have permanently closed due to COVID-19, while big-box retailers, tech giants, and pharmaceutical manufacturers have seen record profits.

America’s small businesses currently face an attack on all fronts.

First, there are the more visible policies (e.g., lockdowns, mask mandates, and social distancing requirements) that strongly discourage people from patronizing brick-and-mortar retailers and restaurants. These policies impact small businesses more than large chains and corporations. Small retailers, for example, may not have the space to effectively implement social distancing policies, and often lack an online infrastructure to support curbside pickups of retail goods.
Second, the cost of complying with health and safety guidelines, and the corresponding fines if businesses don’t comply, have forced businesses to incur additional expenses while their revenue declines. According to the Small Business Administration, the cost of compliance disproportionately impacts small businesses, who lack the funds and infrastructure of large corporations to adapt to new regulation. Overhauling a business to accommodate remote work, for example, requires a flexibility and an investment of resources that many small businesses simply do not have. For dine-in restaurants, the vast majority of which are small businesses, switching to outdoor dining is often not even possible given the business’s location.
Lastly, there are ever-evolving COVID-19 employment regulations that disproportionately expose small businesses to lawsuits and the subsequent legal expenses and damages that may result. The conspicuous absence of liability protection also disadvantages small businesses, as the largest corporations can spare the capital required to fight lawsuits and painlessly pay out any damages. For example, Publix, a large supermarket chain, has so far managed to avoid paying damages to the family of an employee who died of COVID-19 due to the fact that he wasn’t allowed to wear a mask at work.

Despite the fact that these policies are explicitly harmful to small businesses, they can be justified on the basis of “public health” and thereby shielded from criticism. Practically unlimited regulation (that always seems to benefit the corporate elite) can be defended, because such policies are said to be designed to ensure the health and safety of the public. Opposition to these onerous restrictions can therefore be conveniently characterized as “anti-science,” or worse, reckless and/or malicious endangerment of one’s community. As a consequence, policies that explicitly disadvantage small businesses, such as the Families First Coronavirus Response Act (FFCRA), can be passed under the guise of public health and worker protection without raising any alarm bells.

END

iv) Swamp commentaries)

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

November Nonfarm Payrolls fell to 245k from 610k (revised from 638k). 460k was consensus. Total Private Sector payrolls grew 344k. Government lost 99k jobs. The Unemployment Rate declined, as expected, to 6.7% from 6.9%. Household Survey ‘employed’ increased 149,732.

The BLS: The household survey measures labor force status, including unemployment, by demographic characteristics. The establishment survey measures nonfarm employment, hours, and earnings by industry… In November, the number of long-term unemployed (those jobless for 27 weeks or more)

increased by 385,000 to 3.9 million, accounting for 36.9 percent of the total unemployed, while the number of persons jobless 15 to 26 weeks declined by 760,000 to 1.9 million. The number of persons jobless 5 to 14 weeks and persons jobless less than 5 weeks showed little change in November at 2.4 million and 2.5 million, respectively. (See table A-12.)

The labor force participation rate edged down to 61.5 percent in November; this is 1.9 percentage points below its February level. The employment-population ratio, at 57.3 percent, changed little over the month but is 3.8 percentage points lower than in February. (See table A-1.)

In November, the number of persons who usually work full time rose by 752,000 to 124.3 million, while the number of persons who usually work part time decreased by 779,000 to 25.4 million… the number of persons not in the labor force who currently want a job increased by 448,000 to 7.1 million; this measure is 2.2 million higher than in February. These individuals were not counted as unemployed because they were not actively looking for work during the last 4 weeks or were unavailable to take a job…

In November, 21.8 percent of employed persons teleworked because of the coronavirus pandemic, up from 21.2 percent in October… 14.8 million persons reported that they had been unable to work because their employer closed or lost business due to the pandemic… About 3.9 million persons not in the labor force in November were prevented from looking for work due to the pandemic. This measure is up from 3.6 million in October… https://www.bls.gov/news.release/empsit.nr0.htm

BLS: In the establishment survey, workers who are paid by their employer for all or any part of the pay period including the 12th of the month are counted as employed, even if they were not actually at their jobs… In the household survey, individuals are classified as employed, unemployed, or not in the labor force based on their answers to a series of questions about their activities during the survey reference week (November 8th through November 14th)…

Establishment Survey jobs: Transportation & Warehousing +145k, Healthcare & Social Services +59.6k, Professional & Business Services +60k, Leisure & Hospitality +31k, Retail -37.6k; Wages +0.3% m/m, +0.1% was consensus https://www.bls.gov/news.release/empsit.b.htm

ECB May Opt for 12-Month Extension to Emergency Bond Program

Several policy makers said to be relaxed with a run into 2022
Economists mostly predict six-month extension to end of 2021

https://www.bloomberg.com/news/articles/2020-12-04/ecb-could-opt-for-12-month-extension-to-emergency-bond-program

Pelosi Says She, McConnell Hope to Bundle Stimulus, Omnibus – Bloomberg

Pelosi cites momentum on coronavirus relief bill talks – “There is momentum. There is momentum,” Pelosi said at a news briefing. “The tone of ourconversation is one that is indicative of a decision to get the job done.”…https://www.reuters.com/article/us-health-coronavirus-usa-ress-idUSKBN28E2GZ

NBC’s @JakeSherman: PELOSI has held out for a big deal for 6 or so months. She said this morning that now that BIDEN is president, she is willing to do a smaller deal. [Pelosi hurts Americans over politics!]

@charliekirk11: Nancy Pelosi blocked a relief bill for months just to hurt Donald Trump politically and she’s proud of that. Strange—I haven’t heard any activist media outlets accuse her of “playing politics with peoples’ lives.” I wonder why?

Minneapolis Fed President Kashkari comments on Friday per Bloomberg

Jobs Report Shows Many Americans Have ‘Given up Hope’
We are a long way from fully recovered
Hopefully a new fiscal package coming from Congress
We cannot have another 10-year recovery; we need aggressive action from the Fed & Congress
Not seeing evidence of high inflation around corner
Fed has tools to curb too-high inflation (only 2 tools, Neel, hike rates & reduce reserves)
Fed will keep rates near zero for at least a year or two, maybe longer

Pfizer CEO: ‘Not certain’ whether someone can transmit COVID-19 after vaccination

“I think this is something that needs to be examined” – Albert Bourla, chairman and CEO of Pfizer Pharmaceutical https://justthenews.com/politics-policy/health/pfizer-ceo-not-certain-whether-someone-can-transmit-covid-19-after

@drdavidsamadi: Normally this time of the year there would be a huge surge of flu cases in thousands and 60,000 deaths. This year it is all COVID-19. [There is no money in treating the flu.]

@Jkylebass: The Chinese have recently purchased over 180,000 acres of Texas ranch land near the runway of the US’s largest pilot training base for the Air Force… I couldn’t believe we allowed these purchases under CFIUS. This ranch land also sits on the US border with Mexico and boasts a 30,000 sq ft lodge and a private runway which helps the Chinese owners ferry people and cargo in and out of the border region with limited to no oversight by US authorities. This must STOP!

[SCOTUS Justice] Alito Moves Up Deadline for Supreme Court Briefing in Pennsylvania Case, Bringing Within ‘Safe Harbor’ Window to Intervene

https://www.zerohedge.com/political/alito-moves-deadline-supreme-court-briefing-pennsylvania-case-bringing-within-safe-harbor

@Barnes_Law: In 1876, they decided the election contest for Presidential electors less than 48 hours before inauguration day, which was in March back then. Any talk about “have to decide by December 8” is not Constitutionally-rooted. What should matter more: an honest vote or a rushed vote?

@PamelaGeller: Dominion Advisor Met With John Podesta Offering ‘Anything’ That Would Help Defeat Trump, According to Email Released by WikiLeaks… http://dlvr.it/Rn5vFd

@kylenabecker: GA Gov. Kemp is calling on Sec. of State Raffensperger to call for a *SIGNATURE AUDIT* of votes. Kemp appeared on The Ingraham Angle in the wake of damning security cam footage that showed poll workers in Fulton County illegally processing ballots with no observers.

The Georgia Star News: DeKalb County Cannot Find Chain of Custody Records for Absentee Ballots Deposited in Drop Boxes https://georgiastarnews.com/2020/12/05/dekalb-county-cannot-find-chain-of-custody-records-for-absentee-ballots-deposited-in-drop-boxes-it-has-not-been-determined-if-responsive-records-to-your-request-exist/

Pro-Biden Bug Also Suspected in Georgia’s Vote-Counting Software

A curious thing happened as Fulton County, Ga., election officials counted mail-in ballots at Atlanta’s State Farm Arena in the days after the election. In the early hours of Nov. 5, a surge of some 20,000 mail-in votes suddenly appeared for Joe Biden, while approximately 1,000 votes for President Trump mysteriously disappeared from his own totals in the critical swing state, where Biden holds a razor-thin lead… A poll watcher noticed the suspicious shift in votes while monitoring the interim election results on the Georgia secretary of state website. “I concluded from looking at these results that this was an irregularity, since there was no obvious reason for President Trump’s totals to have decreased while former Vice President Biden’s totals increased dramatically,” Voter GA co-founder Garland Favorito swore in an affidavit he filed this week with the secretary of state’s office…

“Fulton County elections officials falsely announced that the counting of ballots would stop at 10:30 p.m.,” Georgia Republican Party Chairman David Shafer complained in a recent Tweet. “Officials unlawfully resumed the counting of ballots after our observers left the center.”…

https://www.thegatewaypundit.com/2020/11/paul-sperry-pro-biden-bug-also-suspected-georgias-vote-counting-software/

@ABCPolitics on Nov. 3, 2020: NEW: The election department sent the ballot counters at the State Farm Arena in Atlanta home at 10:30 p.m., Regina Waller, the Fulton County public affairs manager for elections, tells ABC News. [Video shows some ball counters stayed and pulled ballots out of suitcases]

Unprecedented Fraud Occurred in the 2020 Election – It’s Time for the Courts to Restore Justice in the USA https://www.thegatewaypundit.com/2020/12/unprecedented-fraud-occurred-2020-election-time-courts-bring-justice-back-usa/

Cyber Monday gun background checks spike 65% year-over-year

https://www.foxbusiness.com/lifestyle/cyber-monday-gun-background-checks-spike-65-year-over-year

LA Bar Owner Livid after City Lets Hollywood Studio Set up Dining Tents

While her own outdoor dining has been shut down due to heightened pandemic restrictions, a movie studio was granted permission to set up outdoor dining tents for a production..

https://www.zerohedge.com/medical/slap-my-face-la-bar-owner-livid-after-city-lets-hollywood-studio-set-dining-tents

“When tyranny becomes law, rebellion becomes duty.” – Thomas Jefferson

Biden changes the story of his broken foot; now says he fell after the shower, pulling his dog’s tail

https://www.americanthinker.com/blog/2020/12/biden_changes_his_broken_foot_story_now_says_he_fell_after_the_shower_pulling_his_dogs_tail.html

3,800 People Shot in Chicago through End of November as Violence Spikes 50% From 2019

https://www.nbcchicago.com/news/local/3800-people-shot-in-chicago-through-end-of-november-as-violence-spikes-50-from-2019/2384074/

Well that is all for today

I will see you TUESDAY night.

DONATE

NUMBER OF NOTICES FILED TODAY FOR DEC. CONTRACT: 1252 NOTICE(S) FOR 125,200 OZ (3.894 tonnes)

237 NOTICE(S) FILED TODAY FOR 1,185,000 OZ/

Let us have a look at the data for today

3. ASIAN AFFAIRS

Trading Volumes on the COMEX TODAY:212,481 contracts// volume poor / ////

CONFIRMED COMEX VOL. FOR YESTERDAY: 184,739 contracts// volume: poor//

/most of our traders have left for London

ii) Important gold commentaries courtesy of GATA/Chris Powell

BMG’s Barisheff explains why manipulation shouldn’t discourage investing in gold

Central banks keep scheming to pre-empt independent cryptocurrencies

Only devaluation against gold can revive economies, Rickards tells Australian conference

Gold & Silver Surge Off Critical Technical Support

iii) Other physical stories:

Uranium Stocks Soar: Is This The Beginning Of The Next ESG Craze

Uranium Stock Surge Accelerates After 2nd Covid Case At World’s Highest-Grade Uranium Mine

CFTC Failures Lead to Massive Market Manipulation

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

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

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

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

Futures Slide On Fresh Brexit Turmoil, US-China Tensions

3A/ASIAN AFFAIRS

3 a./NORTH KOREA/ SOUTH KOREA

b) REPORT ON JAPAN

3 C CHINA

HSBC Slides Amid Outrage Bank Froze Accounts Of Exiled Hong Kong Legislator

US Designates 14 More Chinese Officials In Latest Hong Kong Sanctions

4/EUROPEAN AFFAIRS

Paris Plunges Into Chaos As Protesters Denounce New Security Law

Pound Slides As No Progress Seen In Brexit Deal Talks, ‘Transition Period’ Won’t Be Extended

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

Erdogan Says ‘Macron Must Go’ – Hopes France Will Rid “Burden” Soon

6.Global Issues

California Sees Record 25K COVID Cases; NYC Hospitalizations Climb: Live Updates

UK Plans Historic COVID Vaccination Rollout; Global Cases Top 67MM: Live Updates

Ex-Pfizer Exec Demands EU Halt COVID-19 Vaccine Studies Over ‘Indefinite Infertility’ And Other Health Concerns

Canada Warns Conspiracy Theorists Could Burn 5G Towers, Claiming Link To Virus

Rabobank: Things Might Get Stormy In The Next 48 Hours In The US Election

7. OIL ISSUES

8 EMERGING MARKET ISSUES

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

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

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

USA trading today in Graph Form

Bonds & Bullion Bid As Stocks Skid On Stimulus/Vaccine Stumble

Stocks Dump ‘N’ Pump: McConnell Said To Unveil $900BN Stimulus At 3PM, Undoing Vaccine News Dip

Arizona Legislature Calls for Immediate ‘Forensic Audit’ of Dominion Voting Machines

On Friday, 76 of 141 Republican representatives in Pennsylvania sent a letter asking Congress asking them to reject the state’s 20 electors, appointed by Democratic Gov. Tom Wolf, who would be voting for Joe Biden.

5.Nation

HARD PROOF: Dominion Vote Tabulating Machines ALTER Vote Totals – May VOID Election in 28 States!

Now that the Dominion servers are in the possession of the Trump team and the algorithm has been broken and is being analyzed,

Vox Popoli

Sunday, December 06, 2020

Biden delta = +26 percent

“Big Win For Honest Elections” – Judge Allows Forensic Audit Of Dominion Voting Machines In Michigan

Dershowitz Says Supreme Court May Rule To Let Legislators Pick Alternate Electors

Rudy Giuliani Tests Positive For COVID-19

The Federalist Destroys Attempted Debunking Of Late-Night Ballot Malarkey In Georgia

Dramatic Video Shows Bomb Attack On Michigan Trump Supporter’s House

A Running Compendium Of Fraud Charges In Election 2020

The Latest

Arizona

Georgia

Michigan

Nevada

Pennsylvania

Wisconsin

Sidney Powell

The U.S. Attorney General

Earlier: Week of Nov. 22-28

California

Michigan

Pennsylvania

Also

Nov. 8-21

Georgia

Nevada

Pennsylvania

Texas

OAN Newsroom
UPDATED 7:14 AM PT – Monday, December 7, 2020