GOLD:$1890.25 UP $13.30 The quote is London spot price
Silver:$26.43 UP $0.29 London spot price ( cash market)
Closing access prices: London spot
i)Gold : $1893.95 LONDON SPOT 4:30 pm
ii)SILVER: $26.64//LONDON SPOT 4:30 pm
..THIS THURSDAY IS OPTIONS EXPIRY FOR LBMA GOLD/SILVER AND OTC CONTRACTS.
DONATE
EXECUTIVE ORDER 13848
DONATE
COMEX DATA
JPMorgan has been receiving gold with reckless abandon and sometimes supplying (stopping)
receiving today: 0/96
EXCHANGE: COMEX
CONTRACT: DECEMBER 2020 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,879.700000000 USD
INTENT DATE: 12/29/2020 DELIVERY DATE: 12/31/2020
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
118 H MACQUARIE FUT 11
657 C MORGAN STANLEY 2
661 C JP MORGAN 95
685 C RJ OBRIEN 1
905 C ADM 34
991 H CME 49
____________________________________________________________________________________________
TOTAL: 96 96
MONTH TO DATE: 30,089
ISSUED 95
GOLDMAN SACHS STOPPED 0 CONTRACTS.
TOTAL NUMBER OF NOTICES FILED TODAY: 96 NOTICES FOR 9600 OZ (0.2986 TONNES)
TOTAL NUMBER OF NOTICES FILED SO FAR: 30,089 NOTICES FOR 3,008,900 OZ (93.589 tonnes)
SILVER//DEC CONTRACT
11 NOTICE(S) FILED TODAY FOR 55,000 OZ/
total number of notices filed so far this month: 9337 for 46,685,000 oz
BITCOIN MORNING QUOTE $27,840 UP 1281
BITCOIN AFTERNOON QUOTE. :$28,739 UP 1275 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 $13.30 AND NO PHYSICAL TO BE FOUND ANYWHERE:
WITH ALL REFINERS CLOSED//MEXICO ORDERING ALL MINES SHUT: WHERE ARE THEY GETTING THE “PHYSICAL?
NO CHANGE IN GOLD INVENTORY AT THE GLD//
INVENTORY RESTS AT:
GLD: 1,169.86 TONNES OF GOLD//
WITH SILVER UP 29 CENTS TODAY: AND WITH NO SILVER AROUND:
NO CHANGE IN SILVER INVENTORY AT THE SLV//
INVENTORY RESTS AT :
SLV: 557.043 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 FELL BY A STRONG SIZED 1426 CONTRACTS FROM 171,483 UP TO 170,057, AND FURTHER FROM OUR NEW RECORD OF 244,710, (FEB 25/2020. THE STRONG LOSS IN COMEX OI OCCURRED WITH OUR FALL OF $0.22 IN SILVER PRICING AT THE COMEX. IT SEEMS THAT THE LOSS IN COMEX OI IS DUE TO CONSIDERABLE BANKER AND ALGO SHORT COVERING, COUPLED AGAINST A TINY EXCHANGE FOR PHYSICAL. WE HAD SOME LONG LIQUIDATION,AND A CONSIDERABLE INCREASE IN SILVER OUNCES STANDING AT THE COMEX FOR DEC. WE HAD A STRONG SIZED GAIN IN OUR TWO EXCHANGES OF 3433 CONTRACTS (SEE CALCULATIONS BELOW).
WE WERE NOTIFIED THAT WE HAD A SMALL NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE: 184, AS WE HAD THE FOLLOWING ISSUANCE: DEC: 0, MARCH 184 FOR ZERO ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE 184 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.
46.685 MILLION OZ INITIAL STANDING FOR DEC.
TUESDAY, AGAIN OUR CROOKS USED COPIOUS PAPER IN ORDER TO LIQUIDATE SILVER’S PRICE…AND THEY WERE SUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT FELL $0.22) ).. AND, OUR OFFICIAL SECTOR/BANKERS WERE SUCCESSFUL IN THEIR ATTEMPT TO FLEECE SOME SILVER LONGS AS WE HAD A STRONG LOSS IN OUR TWO EXCHANGES (1242 CONTRACTS). NO DOUBT THE LOSS IN OI ON THE TWO EXCHANGES WAS DUE TO i) CONSIDERABLE BANKER/ STRONG ALGO SHORT COVERING. WE ALSO HAD ii) A TINY ISSUANCE OF EXCHANGE FOR PHYSICALS 2) A CONSIDERABLE INCREASE IN SILVER OZ STANDING FOR DEC, iii) STRONG COMEX OI LOSS AND iv) SOME 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 SILVERAS 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:
17,119 CONTRACTS (FOR 21 TRADING DAY(S) TOTAL 17,119 CONTRACTS) OR 85.595 MILLION OZ: (AVERAGE PER DAY 815 CONTRACTS OR 4.07 MILLION OZ/DAY)
TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER: SO FAR THIS MONTH OF DEC: 85.595 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 12.09% OF ANNUAL GLOBAL PRODUCTION (EX CHINA EX RUSSIA)*
ACCUMULATION IN YEAR 2020 TO DATE SILVER EFP’S: 1,659.90 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: 85.595 MILLION OZ (ESCALATING IN NUMBERS AGAIN )
RESULT: WE HAD A STRONG SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 1426, WITH OUR $0.22 LOSS IN SILVER PRICING AT THE COMEX //TUESDAY.…THE CME NOTIFIED US THAT WE HAD A TINY SIZED EFP ISSUANCE OF 184 CONTRACTS WHICH EXITED OUT OF THE SILVER COMEX TO LONDON AS FORWARDS.
TODAY WE LOST A STRONG SIZED 1242 OI CONTRACTS ON THE TWO EXCHANGES (WITH OUR $0.22 LOSS IN PRICE)//
THE TALLY//EXCHANGE FOR PHYSICALS
i.e 184 OPEN INTEREST CONTRACTS HEADED FOR LONDON (EFP’s) TOGETHER WITH A STRONG SIZED DECREASE OF 1426 OI COMEX CONTRACTS. AND ALL OF THIS DEMAND HAPPENED WITH OUR $0.22 FALL IN PRICE OF SILVER/AND A CLOSING PRICE OF $26.14 // TUESDAY’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. 0.8435 BILLION OZ TO BE EXACT or 121% of annual global silver production (ex Russia & ex China).
FOR THE NEW DEC DELIVERY MONTH/ THEY FILED AT THE COMEX: 11 NOTICE(S) FOR 55,000 OZ OF SILVER.
IN SILVER,PRIOR TO TODAY, WE SET THE NEW COMEX RECORD OF OPEN INTEREST AT 244,196 CONTRACTS ON AUG 22.2018. AND AGAIN THIS HAS BEEN SET WITH A LOW PRICE OF $14.70//TODAY’S RECORD OF 244,705 WAS SET WITH A PRICE OF: 18.91 (FEB 25/2020)
AND YET, WITH THE EXTREMELY HIGH EFP ISSUANCE, WE HAVE A CONTINUAL LOW PRICE OF SILVER DESPITE THE ABOVE HUGE DEMAND. TO ME THE ONLY ANSWER IS THAT WE HAVE SOVEREIGN (CHINA) WHO IS ENDEAVOURING TO GOBBLE UP ALL AVAILABLE PHYSICAL SILVER NO MATTER WHERE, EXACTLY WHAT J.P.MORGAN IS DOING. AND IT IS MY BELIEF THAT J.P.MORGAN IS HOLDING ITS SILVER FOR ITS BENEFICIAL OWNER..THE USA GOVERNMENT WHO IN TURN IS HOLDING THAT SILVER FOR CHINA.(FOR A SILVER LOAN REPAYMENT)
GOLD
IN GOLD, THE COMEX OPEN INTEREST ROSE BY A FAIR SIZED 3295 CONTRACTS TO 556,414 AND CLOSER TO OUR NEW RECORD (SET JAN 24/2020) AT 799,541 AND PREVIOUS TO THAT: (SET JAN 6/2020) AT 797,110.
THE GAIN IN COMEX OI OCCURRED WITH OUR RISE IN PRICE OF $1.65 /// COMEX GOLD TRADING//TUESDAY.WE HAD SOME BANKER/ALGO SHORT COVERING ACCOMPANYING OUR SMALL/FAIR SIZED EXCHANGE FOR PHYSICAL ISSUANCE. WE HAD ZERO LONG LIQUIDATION AS WE HAD A GOOD GAIN ON OUR TWO EXCHANGES (5528 CONTRACTS). WE HAVE A ZERO SIZED INCREASE IN AMOUNT OF GOLD STANDING FOR DELIVERY IN DECEMBER(GOLD STANDING REMAINS AND FINALIZES AT 93.589 TONNES) .THIS ALL HAPPENED WITH OUR RISE IN PRICE OF $1.65.
.
WE HAD A VOLUME OF 0 4 -GC CONTRACTS//OPEN INTEREST 2//
WE HAD A GOOD SIZED GAIN OF 5528 CONTRACTS ON OUR TWO EXCHANGES..
E.F.P. ISSUANCE
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A SMALL/FAIR SIZED 2233 CONTRACTS:
CONTRACT .; DEC: 0; FEB: 2233 AND DEC ’21: 0 ALL OTHER MONTHS ZERO//TOTAL: 2233. The NEW COMEX OI for the gold complex rests at 556,414. ALSO REMEMBER THAT THERE WILL BE A DELAY IN THE ISSUANCE OF EFP’S. THE BANKERS REMOVE LONG POSITIONS OF COMEX GOLD IMMEDIATELY. THEN THEY ORCHESTRATE THEIR PRIVATE EXCHANGE DEAL WITH THE LONGS AND THAT COULD TAKE AN ADDITIONAL, 48 HRS SO WE GENERALLY DO NOT GET A MATCH WITH RESPECT TO DEPARTING COMEX LONGS AND NEW EFP LONG TRANSFERS. . EVEN THOUGH THE BANKERS ISSUED THESE MONSTROUS EFPS, THE OBLIGATION STILL RESTS WITH THE BANKERS TO SUPPLY METAL BUT IT TRANSFERS THE RISK TO A LONDON BANKER OBLIGATION AND NOT A NEW YORK COMEX OBLIGATION. LONGS RECEIVE A FIAT BONUS TOGETHER WITH A LONG LONDON FORWARD. THUS, BY THESE ACTIONS, THE BANKERS AT THE COMEX HAVE JUST STATED THAT THEY HAVE NO APPRECIABLE METAL!! THIS IS A MASSIVE FRAUD: THEY CANNOT SUPPLY ANY METAL TO OUR COMEX LONGS BUT THEY ARE QUITE WILLING TO SUPPLY MASSIVE NON BACKED GOLD (AND SILVER) PAPER KNOWING THAT THEY HAVE NO METAL TO SATISFY OUR LONGS. LONDON IS NOW SEVERELY BACKWARD IN BOTH GOLD AND SILVER AND WE ARE WITNESSING DELAYS IN ACTUAL DELIVERIES.
IN ESSENCE WE HAVE A GOOD SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 5912 CONTRACTS: 3295 CONTRACTS INCREASED AT THE COMEX AND 2233 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN//TWO EXCHANGES OF 5528 CONTRACTS OR 17.19 TONNES.
CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES:
WE HAD A SMALL/FAIR SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (2233) ACCOMPANYING THE FAIR SIZED GAIN IN COMEX OI (3,295 OI): TOTAL GAIN IN THE TWO EXCHANGES: 5528 CONTRACTS. WE NO DOUBT HAD 1) SOME BANKER SHORT COVERING AND SOME ALGO SHORT COVERING ,2 ZERO GAIN IN GOLD OUNCES STANDING AT THE GOLD COMEX FOR THE FRONT DEC. MONTH FINALIZING AT 93.589 TONNES) 3) ZERO LONG LIQUIDATION ;4) GOOD COMEX OI GAIN, 5) FAIR SIZED ISSUANCE OF EXCHANGE FOR PHYSICAL….ALL OF THIS OCCURRED WITH OUR GAIN IN GOLD PRICE TRADING/TUESDAY//$1.65.
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.
TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 21 TRADING DAY(S) IN TONNES: 139.36 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2019/2020, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 132.41/3550 x 100% TONNES =3.72% OF GLOBAL ANNUAL PRODUCTION
ACCUMULATION OF GOLD EFP’S YEAR 2020 TO DATE: 3,961.72 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: 139.36 TONNES (DECREASING AGAIN)
WHAT IS ALARMING TO ME, ACCORDING TO OUR LONDON EXPERT ANDREW MAGUIRE IS THAT THESE EFP’S ARE BEING TRANSFERRED TO WHAT ARE CALLED SERIAL FORWARD CONTRACT OBLIGATIONS AND THESE CONTRACTS ARE LESS THAN 14 DAYS. ANYTHING GREATER THAN 14 DAYS, THESE MUST BE RECORDED AND SENT TO THE COMPTROLLER, GREAT BRITAIN TO MONITOR RISK TO THE BANKING SYSTEM. IF THIS IS INDEED TRUE, THEN THIS IS A MASSIVE CONSPIRACY TO DEFRAUD AS WE NOW WITNESS A MONSTROUS TOTAL EFP’S ISSUANCE AS IT HEADS INTO THE STRATOSPHERE.
First, here is an outline of what will be discussed tonight:
1.Today, we had the open interest at the comex, in SILVER, FELL BY A STRONG SIZED 1426 CONTRACTS FROM 171,483 DOWN TO 170,129 AND FURTHER FROM 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 LOSS IN OI SILVER COMEX WAS PRIMARILY DUE TO; 1) SOME BANKER SHORT COVERING//ALGO SHORT COVERING//// , 2) A TINY ISSUANCE OF EXCHANGE FOR PHYSICALS (SEE BELOW), 3) A ZERO DECREASE IN SILVER OUNCES STANDING AT THE COMEX FOR DEC., AND 4) SOME LONG LIQUIDATION
EFP ISSUANCE 184 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: 844 ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 184 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. IF WE TAKE THE COMEX OI LOSS OF 1426 CONTRACTS TO THE 184 OI TRANSFERRED TO LONDON THROUGH EFP’S, WE OBTAIN A LOSS OF 1242 OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES. THUS IN OUNCES, THE LOSS ON THE TWO EXCHANGES 5.855 MILLION OZ, OCCURRED WITH OUR $0.22 FALL 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
3. ASIAN AFFAIRS
i)WEDNESDAY MORNING/ TUESDAY NIGHT:
SHANGHAI CLOSED UP 35.42 POINTS OR 1.05% //Hang Sang CLOSED UP 578.62 PTS OR 2.18% /The Nikkei closed DOWN 123.98 POINTS OR 0.45%//Australia’s all ordinaires CLOSED DOWN 0.28%
/Chinese yuan (ONSHORE) closed UP AT 6.5097 /Oil UP TO 48.45 dollars per barrel for WTI and 51.62 for Brent. Stocks in Europe OPENED ALL MIXED// ONSHORE YUAN CLOSED AGAINST THE DOLLAR AT 6.5097. OFFSHORE YUAN CLOSED UP ON THE DOLLAR AT 6.5098 TRADE TALKS STALL//YUAN LEVELS //TRUMP INITIATES A NEW 25% TARIFFS FRIDAY/MAY 10/MAJOR PROBLEMS AT HUAWEI /CFO ARRESTED//CORONAVIRUS/PANDEMIC/TRUMP TESTS POSITIVE FOR COVID 19 : /ONSHORE YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING STRONGER AGAINST USA DOLLAR/OFFSHORE YUAN TRADING STRONGER AGAINST THE DOLLAR /TRADE DEAL NOW DEAD..TRUMP RAISED RATES TO 25%
COMEX DATA//AMOUNTS STANDING//VOLUME OF TRADING/INVENTORY MOVEMENTS
GOLD
LET US BEGIN:
THE TOTAL COMEX GOLD OPEN INTEREST ROSE BY BY A FAIR SIZED 3,295 CONTRACTS TO 556,799 AND CLOSE TO OUR RECORD THAT WAS SET IN JANUARY/2020: {799,541 OI(SET JAN 16/2020)} AND PREVIOUS TO THAT: 797,110 (SET JAN 7/2020). AND THIS COMEX INCREASE OCCURRED WITH OUR SMALL GAIN OF $1.65 IN GOLD PRICING TUESDAY’S COMEX TRADING/).
WE HAD A SMALL EFP ISSUANCE (2233 CONTRACTS). WE THUS HAD 1) SOME BANKER SHORT COVERING// ALGO SHORT COVERING//, 2) ZERO LONG LIQUIDATION AND 3) ZERO GAIN IN GOLD OUNCES STANDING AT THE COMEX FOR DECEMBER. COMEX GOLD NOW STANDING AT 93.589 TONNES IS FINALIZED)/ 4) AS WE ENGINEERED A GOOD SIZED GAIN ON OUR TWO EXCHANGES OF 5528 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 2
EXCHANGE FOR PHYSICAL ISSUANCE
WE ARE NOW IN THE ACTIVE DELIVERY MONTH OF NOV.. THE CME REPORTS THAT THE BANKERS ISSUED A TINY SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS., THAT IS 2233 EFP CONTRACTS WERE ISSUED: DEC 0; FEB// ’21 2233 AND DEC 21: 0 AND ZERO FOR ALL OTHER MONTHS:
TOTAL EFP ISSUANCE: 2233 CONTRACTS.
YOU WILL FIND THAT WHEN WE HAVE A GOOD PREMIUM IN THE FUTURES/SPOT, THEN THE NUMBER OF EXCHANGE FOR PHYSICALS DECLINE IN NUMBERS. THE COST IS JUST TOO MUCH FOR THEM TO ISSUE.
IT SEEMS THAT OUR BANKER FRIENDS ARE LOATHE TO ISSUE EFPS DESPITE THE LOW PREMIUM ON FUTURE GOLD CONTRACTS.
ON A NET BASIS IN OPEN INTEREST WE GAINED THE FOLLOWING TODAY ON OUR TWO EXCHANGES: 5912 TOTAL CONTRACTS IN THAT 2233 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE GAINED A GOOD SIZED 3,679 COMEX CONTRACTS.. THE BIG NEWS IS THE GIGANTIC LEVEL OF DEC 2020 GOLD CONTRACTS STANDING FOR DELIVERY. ((93.589 TONNE). IF YOU INCLUDE NOVEMBER’S HUGE 34.7 TONNES, OUR COMEX IS OFFICIALLY UNDER ASSAULT.
THE BANKERS WERE UNSUCCESSFUL IN LOWERING GOLD’S PRICE //// (IT ROSE $1.65). AND, THEY WERE UNSUCCESSFUL IN FLEECING ANY LONGS AS THE TOTAL GAIN ON THE TWO EXCHANGES REGISTERED 17.19 TONNES, ACCOMPANYING OUR STRONG GOLD TONNAGE STANDING FOR DECEMBER (93.589 TONNES)
NET GAIN ON THE TWO EXCHANGES :: 5912 CONTRACTS OR 591200 OZ OR 18.38 TONNES
THUS IN GOLD WE HAVE THE FOLLOWING: 556,414 TOTAL OI CONTRACTS X 100 OZ PER CONTRACT = 55.64 MILLION OZ/32,150 OZ PER TONNE = 1730 TONNES
THE COMEX OPEN INTEREST REPRESENTS 1730/2200 OR 78.66% OF ANNUAL GLOBAL PRODUCTION OF GOLD.
Trading Volumes on the COMEX TODAY 126,248 contracts// volume extremely poor and falling in numbers
CONFIRMED COMEX VOL. FOR YESTERDAY: 157,737 contracts// volume: poor//
/most of our traders have left for London
DEC 30 /2020
DEC. GOLD CONTRACT MONTH
Gold | Ounces |
Withdrawals from Dealers Inventory in oz | nil oz |
Withdrawals from Customer Inventory in oz |
1768.296 oz
BRINKS 12 KILOBARS
AND MANFRA 43 KILOBARS
|
Deposits to the Dealer Inventory in oz | NIL oz |
Deposits to the Customer Inventory, in oz | 0 OZ |
No of oz served (contracts) today |
96 notice(s)
9600 OZ
(0.2986 TONNES)
|
No of oz to be served (notices) |
0 contracts
(0 oz)
NIL TONNES
|
Total monthly oz gold served (contracts) so far this month |
30089 notices
3,008,900 OZ
93.589 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 |
Withdrawals from Dealers Inventory NIL oz
We had 0 deposit into the dealer
total dealer withdrawals: nil oz
we had 0 deposit into the customer account
total customer deposit: NIL oz
we had 2 gold withdrawals from the customer account:
We had 2 kilobar transactions
ADJUSTMENTS: 0// dealer to customer account
i )of the Brinks: 129,161.164 oz
The front month of DEC registered a total of 96 contracts for a LOSS of 20. We had 20 notices filed upon yesterday so we GAINED 0 contacts or nil additional oz will stand in this very active delivery month of December as we finally witness queue jumping by our bankers searching for gold metal on this side of the pond trying to put out fires on the other side of the Atlantic, and as such this caused the total tonnage standing increase.
January LOST 92 contracts to stand at 1276 contracts. FEBRUARY GAINED 1404 contracts UP TO 405,163.
THE BIG STORY AGAIN TODAY IS THE HIGH INITIAL OI STANDING FOR DECEMBER (93.589 tonnes).
We had 96 notice(s) filed today for 9600 oz OR 0.0870 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 (30,089) x 100 oz , to which we add the difference between the open interest for the front month of (DEC 96 CONTRACTS ) minus the number of notices served upon today (96 x 100 oz per contract) equals 3,008,900 OZ OR 93.589 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 (30,089 x 100 oz 96 OI) for the front month minus the number of notices served upon today (96) x 100 oz which equals 3,008,800 oz standing OR 93.589 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!
NEW PLEDGED GOLD: BRINKS
474,325.020, oz NOW PLEDGED SEPT 15.2020/HSBC 14.7 TONNES
69,076.803 PLEDGED APRIL 3/2020: SCOTIA:2.148 TONNES
282,450.845 oz JPM 8.78 TONNES
970,839.799 oz pledged June 12/2020 Brinks/30.198 TONNES
69,423.136 oz Pledged August 21/regular account 1.96 tonnes JPMORGAN
180,158,329 oz Pledged Nov 27.2021 MANFRA 5.60 TONNES
6308.08 oz International Delaware: .196 tonnes
968,144.854 Malca
total pledged gold: 2,052,582.012. oz 63.84 tonnes
SURPRISINGLY WE HAVE BEEN WITNESSING NO REAL PHYSICAL GOLD ENTERING THE COMEX VAULTS FOR THE PAST YEAR!! ..ONLY PHONY KILOBAR ENTRIES…. WE HAVE 524.36 TONNES OF REGISTERED GOLD WHICH CAN SETTLE UPON LONGS i.e. 93.589 tonnes
CALCULATION OF REGISTERED THAT CAN BE SETTLED UPON:
total registered, pledged and eligible (customer) gold 38,156,811.922 oz 1,186.83 tonnes (INCLUDES 4 GC GOLD)
total 4 GC gold: 126.34 tonnes
total gold net of 4 GC: 1060.49 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.
And now for the wild silver comex results
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 |
1,198,301.632 oz
CNT
|
Deposits to the Dealer Inventory |
nil oz
|
Deposits to the Customer Inventory |
594,561.800 oz
JPMorgan
|
No of oz served today (contracts) |
11
CONTRACT(S)
(55,000 OZ)
|
No of oz to be served (notices) |
0 contracts
NIL oz)
|
Total monthly oz silver served (contracts) | 9337 contracts
46,685,000 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 |
total dealer deposits: nil oz
i) We had 0 dealer withdrawal
total dealer withdrawals: nil oz
we had 1 deposits into the customer account (ELIGIBLE ACCOUNT)
JPMorgan now has 192.179 million oz of total silver inventory or 48.60% of all official comex silver. (192.18 million/395.348 million
total customer deposits today: 594,561.800 oz
we had 1 withdrawals:
i) Out of CNT: 1198,301.632 oz
total withdrawals 1198,301.632 oz
We had 0 adjustments:
Total dealer(registered) silver: 150.023million oz
total registered and eligible silver: 395.348 million oz
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
December saw a LOSS of 42 contracts DOWN to 11 contracts. We had 53 notices served upon yesterday so we gained 11 contracts or AN ADDITIONAL 55,000 oz will stand in this very active delivery month of December as BANKERS TRY THEIR LUCK SEARCHING FOR silver over here
January saw a LOSS of 70 contracts DOWN to 1011. FEBRUARY saw another gain of 1 contract to stand at 445. MARCH LOST 1665 contracts down to 143,430.
The total number of notices filed today for DEC 2020. contract month is represented by 11 contract(s) FOR 55,000 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 9337 x 5,000 oz = 46,685,000 oz to which we add the difference between the open interest for the front month of DEC ( 11) and the number of notices served upon today 11x (5000 oz) equals the number of ounces standing.
Thus the DEC standings for silver for the DEC/2019 contract month: 9337 (notices served so far) x 5000 oz + OI for front month of DEC(11)- number of notices served upon today (11) x 5000 oz of silver standing for the NOV contract month .equals 46,685,000 oz. ..VERY STRONG FOR AN ACTIVE DEC MONTH.
We GAINED 11 contracts or 55,000 additional oz will stand as our banker friends try searching out for metal on this side of the pond.
TODAY’S ESTIMATED SILVER VOLUME 46,337 CONTRACTS // volume poor//
FOR YESTERDAY 67,537 ,CONFIRMED VOLUME// fair
COMMODITY LAW SUGGESTS THAT OPEN INTEREST SHOULD NOT BE MORE THAN 3% OF ANNUAL GLOBAL PRODUCTION. THE CROOKS ARE SUPPLYING MASSIVE PAPER TRYING TO KEEP SILVER IN CHECK.
The record level of silver open interest is 234,787 contracts set on April 21./2017 with the price at that day at $18.42. The previous record was 224,540 contracts with the price at that time of $20.44
end
NPV for Sprott
1. Sprott silver fund (PSLV): NAV FALLS TO- 3.14% ((DEC 30/2020)
2. Sprott gold fund (PHYS): DISCOUNT to NAV RISES TO 1.47% to NAV: (DEC 30/2020 )
Note: Sprott silver trust back into NEGATIVE territory at +%-/Sprott physical gold trust is back into NEGATIVE/3.14% (DEC 30)
(courtesy Sprott/GATA
3. SPROTT CEF .A FUND (FORMERLY CENTRAL FUND OF CANADA):
NAV 20.00 TRADING 19.28///NEGATIVE 3.58
END
And now the Gold inventory at the GLD
DEC//30//WITH GOLD UP $13.30 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1169.86 TONNES
DEC.29//WITH GOLD UP $1.65 TODAY: A DEPOSIT OF 2.53 TONNES CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1169.86 TONNES.
DEC 28WITH GOLD DOWN $3.00 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1167.53 TONNES
DEC 24/WITH GOLD UP $6.15 TODAY; NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1167.53 TONNES
DEC.23/WITH GOLD UP $7.40 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD/: A WITHDRAWAL OF 2.33 TONNES FROM THE GLD//INVENTORY RESTS AT 1167.53 TONNES
DEC 22/WITH GOLD DOWN $12.00 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A DEPSOIT OF 2.04 TONNES INTO THE GLD//INVENTORY RESTS AT 1169.86 TONNES
DEC 21/WITH GOLD DOWN $5.60 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 1167.82 TONNES
DEC 18/WITH GOLD DOWN 90 CENTS TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD////INVENTORY RESTS AT 1167.82 TONNES
DEC 17 WITH GOLD UP $39.35 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 2.33 TONNES FROM THE GLD////INVENTORY RESTS AT 1167.82 TONNES
DEC 16/WITH GOLD UP $2.55 TODAY A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: ANOTHER WITHDRAWAL OF 1.17 TONNES FORM THE GLD..//INVENTORY RESTS AT 1170.15 TONNES
DEC 15/ WITH GOLD UP $23.75 TODAY: A HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 4.67 TONNES FROM THE GLD//INVENTORY RESTS AT 1171.32 TONNES//
DEC 14//WITH GOLD DOWN $10.45 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD:: A WITHDRAWAL OF 3.79 TONNES FROM THE GLD//INVENTORY RESTS AT 1175.99 TONNES
DEC 11/WITH GOLD UP $5.70 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 1179.78 TONNES
DEC 10/WITH GOLD DOWN $2.30 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1179.78 TONNES
DEC9/ WITH GOLD DOWN $35.30 TODAY, NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 1179.78 TONNES
DEC 8//WITH GOLD UP $9.35 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD/: ANOTHER WITHDRAWAL OF 3.52 TONNES FROM THE GLD/INVENTORY RESTS AT 1179.78 TONNES// THIS IS AN ABSOLUTE FRAUD TO THE HIGHEST DEGREE AND SIMILAR TO THE THEFT OF THE USA ELECTION.!!
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
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
Inventory rests tonight at
DEC 30/ GLD INVENTORY 1169.86 tonnes
LAST; 974 TRADING DAYS: +225.99 TONNES HAVE BEEN ADDED THE GLD
LAST 874 TRADING DAYS// +403.615 TONNES HAVE NOW BEEN ADDED INTO THE GLD INVENTORY
Now the SLV Inventory
DEC 30/WITH SILVER UP 29 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 557.043 MILLION OZ//./
DEC 29/WITH SILVER DOWN 22 CENTS TODAY: A HUGE CHANGES IN SILVER INVENTORY AT THE SLV A DEPOSIT OF 2.138 MILLION OZ INTO THE SLV//INVENTORY RESTS AT 557.089 MILLION OZ
DEC 28/WITH SILVER UP 57 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/:
////INVENTORY RESTS AT 554.951 MILLION OZ//
DEC 24/WITH SILVER UP 4 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 2.51 MILLION OZ FROM THE SLV////INVENTORY RESTS AT 554.951 MILLION OZ//
DEC 23/WITH SILVER UP 33 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 557.461 MILLION OZ//
DEC 22/WITH SILVER DOWN 74 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV.INVENTORY RESTS AT 557.461 MILLION OZ/
DEC 21/WITH SILVER UP 30 CENTS TODAY; A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: ADEPOSIT OF 3.253 MILLION OZ INTO THE SLV.//INVENTORY RESTS AT 557.461 MILLION OZ/
DEC 18/WITH SILVER DOWN 10 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 6.228 MILLION OZ INTO THE SLV////INVENTORY RESTS AT 554.208MILLION OZ
DEC 17//WITH SILVER UP $1.06 TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 547.98 MILLION OZ//
DEC 16/WITH SILVER UP 42 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 547.98 MILLION OZ//
DEC 15/WITH SILVER UP 55 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 547.98 MILLION OZ//
DEC 14/WITH SILVER DOWN 5 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 547.98 MILLION OZ//
DEC 11/WITH SILVER UP 1 CENT TODAY: TWO CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1.859 MILLION OZ IN THE MORNING AND A LATE WITHDRAWAL OF 1.394 MILLION OZ FROM THE SLV ////INVENTORY RESTS AT 547.98- MILLION OZ..
DEC 10./WITH SILVER UP 8 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 551.233 MILLION OZ//
DEC 9/ WITH SILVER DOWN 76 CENTS TODAY; A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 2.974 MILLION OZ INTO THE SLV///INVENTORY RESTS AT 551.233 MILLION OZ.
DEC 8/WITH SILVER UP 1 CENT TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESS AT 548.259 MILLION OZ//
DEC 7/WITH SILVER UP 51 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 548.259 MILLION OZ//
DEC4// WITH SILVER UP 11 CENTS TODAY: A HUGE CHANGE IN SILVER 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
DEC 30.2020:
SLV INVENTORY RESTS TONIGHT AT 557.043 MILLION OZ
PHYSICAL GOLD/SILVER STORIES
i) GOLDCORE BLOG/Mark O’Byrne
ii) Important gold commentaries courtesy of GATA/Chris Powell
I certainly agree with Cowen on cryptos
(Tyler Cowen/Bloomberg News)
Tyler Cowen: Cryptocurrency is not necessarily the future
By Tyler Cowen
Bloomberg News
Tuesday, December 29, 2020
As Bitcoin soared to above $28,000 over the weekend, talk resumed about the promising and dramatic future of cryptocurrency. The chief global strategist of Morgan Stanley Investment Management even suggested that Bitcoin could replace the dollar as a global reserve currency.
Cryptocurrency serves some useful purposes. But there are some pretty wild speculations going around. One of the more fundamental problems is that crypto assets can be either useful hedges, or useful forms of payment — but not easily both. …
… For the remainder of the commentary:
https://www.bloomberg.com/opinion/articles/2020-12-29/bitcoin-hits-new-h…
end
iii) Other physical stories:
Bitcoin Surges To New Record High Near $29k Amid “Liquidity Crisis”
Cryptos rallied overnight, faded modestly, and are now pushing higher once again with Bitcoin surging to new record highs near $29,000…
Source: Bloomberg
And Ethereum topped $750…
Source: Bloomberg
While catalysts are manifold and much-discussed, CoinTelegraph’s Joseph Young notes that Bitcoin liquidity is declining, data from Glassnode shows, which could propel BTC price even higher.
image courtesy of CoinTelegraph
Bitcoin is becoming more difficult to buy, according to analysts at Glassnode. The amount of BTC received and spent among entities is decreasing, which means the liquidity is declining.
If Bitcoin liquidity is low, it means there is less BTC available to buy and sell. In the medium term, this could make BTC even more scarce.
Bitcoin liquid and illiquid supply. Source: Glassnode
Bitcoin on track for an explosive 2021
Throughout 2020, institutions have been increasingly accumulating Bitcoin, which has become compelling because of its fixed supply.
In recent months, the concerns about inflation and rising central bank liquidity have intensified. This trend has led high-profile institutional investors, like Paul Tudor Jones, to consider Bitcoin as a potential hedge against inflation.
Meanwhile, a trend that was kickstarted by MicroStrategy’s $425 million Bitcoin purchase in the summer spilled over to other financial giants. Eventually, PayPal, Square and even insurance conglomerates like MassMutual stepped into the fray.
Consequently, the institutional accumulation of Bitcoin has accelerated since. As a result, Glassnode found that only 4.2 million BTC are in constant circulation for buying and selling. The firm wrote:
“Bitcoin liquidity is defined as the average ratio of received and spent BTC across entities. We show that currently 14.5M BTC are classified as illiquid, leaving only 4.2M BTC in constant circulation that are available for buying and selling.”
In the past 12 months, $27.8 billion worth of Bitcoin has become illiquid. More long-term investors are holding onto their BTC, refraining from selling their assets.
If long-time holders continue to move away from selling their BTC, the dominant cryptocurrency would become more scarce and difficult to accumulate.
Such a trend would push up the value of Bitcoin in the longer run, fueling the ongoing bull cycle. The analysts explained:
“Over the course of 2020, a total of 1 million additional BTC have become illiquid — investors are increasingly hodling. This is bullish, and suggests that the current bull run has been (partly) driven by this emerging #Bitcoin liquidity crisis.”
There is a variable in miners
Another factor that could cause the circulating supply of Bitcoin to decrease in the foreseeable future is miners.
Kyle Davies, the co-founder of Three Arrows Capital, said that there is a shortage of ASIC miners. Typically, miners would deploy capital to acquire hardware such as ASIC miners. But given that they are unable to buy, that could potentially drive inflows into BTC. He said:
The combination of multiple factors, such as increased HODLing activity, the likelihood of miners selling less BTC, and the drop in Bitcoin liquidity could further fuel BTC’s momentum in the first quarter of 2021.
end
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.
CNBC.com
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.
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.
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 WEDNESDAY morning currency, Asian stock market results, important USA/Asian currency crosses, gold/silver pricing overnight along with the price of oil Major stories overnight/7 AM EST
i) Chinese yuan vs USA dollar/CLOSED UP AT 6.5097 / /
//OFFSHORE YUAN: 6.5098 /shanghai bourse CLOSED UP 35.42 PTS OR 1.05%
HANG SANG CLOSED UP 578.62 PTS OR 2.18%
2. Nikkei closed DOWN 123.98 POINTS OR 0.45%
3. Europe stocks OPENED ALL MIXED/
USA dollar index DOWN TO 89.72/Euro RISES TO 1.2279
3b Japan 10 year bond yield: FALLS TO. +.025/ !!!!(Japan buying 100% of bond issuance)/Japanese yen vs usa cross now at 107.85/ THIS IS TROUBLESOME AS BANK OF JAPAN IS RUNNING OUT OF BONDS TO BUY./JAPAN 10 YR YIELD IS NOW TARGETED AT .11%/JAPAN LOSING CONTROL OF THEIR BOND MARKET//CARRY TRADERS GETTING KILLED
3c Nikkei now JUST BELOW 17,000
3d USA/Yen rate now well below the important 120 barrier this morning
3e WTI:: 51.62 and Brent: 51.62
3f Gold UP/JAPANESE Yen UP CHINESE YUAN: ON -SHORE CLOSED UP/OFF- SHORE: UP
3g Japan is to buy the equivalent of 108 billion uSA dollars worth of bond per month or $1.3 trillion. Japan’s GDP equals 5 trillion usa./“HELICOPTER MONEY” OFF THE TABLE FOR NOW /REVERSE OPERATION TWIST ON THE BONDS: PURCHASE OF LONG BONDS AND SELLING THE SHORT END
Japan to buy 100% of all new Japanese debt and by 2018 they will have 25% of all Japanese debt. Fifty percent of Japanese budget financed with debt.
3h Oil UP for WTI and UP FOR Brent this morning
3i European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund FALLS TO -.56%/Italian 10 yr bond yield UP to 0.56% /SPAIN 10 YR BOND YIELD DOWN TO 0.05%…ITALIAN 10 YR BOND YIELD/GERMAN BUND: 1.12: DANGEROUS FOR THE ITALIAN BANKING SYSTEM
3j Greek 10 year bond yield FALLS TO : 0.63
3k Gold at $1879.30 silver at: 26.32 7 am est) SILVER NEXT RESISTANCE LEVEL AT $30.00
3l USA vs Russian rouble; (Russian rouble DOWN 53/100 in roubles/dollar) 74.48
3m oil into the 48 dollar handle for WTI and 51 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 103.06 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 .8841 as the Swiss Franc is still rising against most currencies. Euro vs SF is 1.0857 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 –0.56%
The bank withdrawals were causing massive hardship to the Greek bank. the Greek referendum voted overwhelming “NO”. Next step for Greece will be the recapitalization of the banks and that will be difficult.
4. USA 10 year treasury bond at 0.950% early this morning. Thirty year rate at 1.694%
5. Details Ransquawk, Bloomberg, Deutsche bank/Jim Reid.
6. TURKISH LIRA: UP TO 7.53..
Futures Rise, World Stocks At All-Time High On Last Full Day Of 2020
US equity futures and world stocks rose again as the last thrush of the year end rally levitated risk assets, with the S&P inching closer to recent all time highs and Asian shares hitting a record on Wednesday. Futures on the S&P 500 added 0.4%, recouping much of Tuesday’s losses, and emerging-market stocks advanced to the highest levels since 2007 on buoyant inflows. U.S. stocks retreated from an intraday record high on Tuesday after Mitch McConnell put off a vote on President Donald Trump’s call to increase COVID-19 relief checks from $600 to $2,000.
The upbeat mood pushed the dollar to its lowest since April 2018, while its replacement, Bitcoin, extended its frenzied rally, approaching $29,000 before reversing. Speculative bets on USD futures hit the most bearish since 2011.
Predictably, on the last full-day session of the year, volumes were lethargic with Europe’s Stoxx 50 seeing about half of the average activity. That did not stop them from rising, however, and Europe’s stock markets were set for a sixth straight session of gains as AstraZeneca and Oxford University’s coronavirus vaccine became the second to be approved by Britain, helping the FTSE 100 add as much as 0.2% early on. A new, more transmittable variant of the virus is spreading rapidly but European Union countries have also begun rolling out Pfizer and BioNTech’s vaccine this week. The United States also detected its first-known case of the new, highly infectious coronavirus strains already spotted in Britain and South Africa. Away from the virus worries, British lawmakers were set to vote on the UK-European Union trade deal later on Wednesday, a day before a Brexit transition arrangement expires.
“This is an economy that is recovering, policy is going to be accommodative for years to come, it suggest a good backdrop for risk assets – it doesn’t mean there aren’t going to be some challenges as we progress over the next couple of years,” Brian Levitt, Invesco global market strategist, said on Bloomberg TV. “The reality is the markets are going to be focused on a recovery.”
Elsewhere, MSCI’s world stocks index remained upbeat, up 0.2% and within touching distance of the record highs it had set on Tuesday. The index is up 14% this year and nearly 70% from its March lows, boosted by trillions of dollars in central bank liquidity and helicopter money and also hopes that coronavirus vaccines will re-open locked-down economies.
“The prospect of more rapid and widespread inoculation will be a shot of confidence to markets as the COVID-19 struggle intensifies,” said Janet Mui, investment director at wealth manager Brewin Dolphin.
Earlier in the session, Asia-Pacific shares ex-Japan rose 1.4% to a record high, bringing its gains this year to 19% led by Hong Kong and South Korea, as investors continued to chase beaten-down Chinese internet names. That offset the sentiment drag from fading prospects for bigger U.S. stimulus payments. An extended rebound in shares of Tencent and Meituan, which had been falling amid an antitrust probe into rival Alibaba, helped the MSCI Asia Pacific Index gain 0.8% on Wednesday. China’s tech-heavy ChiNext Index climbed 3.4%, putting it in line for its highest close since July 2015. The advance took the index gain in 2020 to 62%, in line for the most in five years. The large-cap CSI 300 Index also on pace for highest finish since 2015, rising 1.1%
Communication services and information technology were Asia’s top-performing sectors while industrials was the only industry group to fall. Hong Kong’s benchmark jumped 2.2% to the highest level since February, led by Alibaba and peers, as mainland money continued to pile in. China’s CSI 300 Index gained 1.4% to its highest close since June 2015. South Korea’s Kospi jumped 1.9% However, equities in Australia retreated after a three-day rally. Japan stocks also fell on their last day of trading for the year, down -0.45%, though the Nikkei 225 Stock Average ended near its highest level in 30 years..
Attention now again turns to the Senate, where although many Republican Senators in the United States remain adamantly opposed to increasing relief payments, support is growing among them, including two from Georgia, who are running in crucial races that will determine who will control the Senate.
In FX, the dollar’s weakness continued. It dropped again on Wednesday, the first day where settlement of trades will be in 2021. The Bloomberg dollar index slid 0.4% to its lowest since April 18, 2018 as traders squared currency positions ahead of the year’s end amid thin liquidity. The euro reached its highest since 2018 against the greenback at close to $1.23, while the pound climbed, with U.K. lawmakers expected to approve a post-Brexit trade deal with the European Union later Wednesday. The risk-sensitive Australian and New Zealand dollars advanced amid portfolio rebalancing flows: the OZ dollar rose 0.6% to $0.7663, a two-and-a-half-year high. The Japanese yen also gained 0.25% to 103.28 per dollar.
“The start of COVID‑19 immunization campaigns in several countries as well as additional U.S. fiscal support reduce downside risk to the global economy and bode well for general financial market sentiment,” analysts at Commonwealth Bank of Australia said in a note.
In rates, yields are slightly cheaper across the curve near session highs as U.S. trading gets under way, facing upside pressure from risk assets. U.S. yields are cheaper by ~2bp at long end of the curve, steepening 5s30s by ~1bp, with 10-year just below 0.95%, higher by ~1bp vs 2.5bp for U.K. 10-year yield; bunds trade broadly in line on final trading day of the year for euro-area government debt. Gilt yields and pound also are higher after U.K. approved another vaccine.
In commodities, oil prices extended their recent climb on hopes stimulus and reopening of economies next year will spur fuel demand. WTI crude futures were up 0.73% at $48.35 a barrel. Gold was steady at $1,878.5 an ounce, while bitcoin hit a record high of $28,600 before reversing.
On today’s calendar, the economic data agenda includes pending home sales, MNI Chicago PMI and wholesale inventories
Market Snapshot
- S&P 500 futures up 0.4% to 3,733.25
- STOXX Europe 600 up 0.2% to 402.52
- MXAP up 0.8% to 199.23
- MXAPJ up 1.4% to 658.71
- Nikkei down 0.5% to 27,444.17
- Topix down 0.8% to 1,804.68
- Hang Seng Index up 2.2% to 27,147.11
- Shanghai Composite up 1.1% to 3,414.45
- Sensex up 0.3% to 47,745.08
- Australia S&P/ASX 200 down 0.3% to 6,682.43
- Kospi up 1.9% to 2,873.47
- German 10Y yield rose 1.3 bps to -0.558%
- Euro up 0.08% to $1.2259
- Brent Futures up 0.6% to $51.39/bbl
- Italian 10Y yield rose 1.8 bps to 0.447%
- Spanish 10Y yield rose 0.7 bps to 0.057%
- Brent Futures up 0.6% to $51.39/bbl
- Gold spot up 0.06% to $1,879.32
- U.S. Dollar Index down 0.2% to 89.86
Top Overnight News from Bloomberg
- AstraZeneca Plc and the University of Oxford’s Covid-19 vaccine won U.K. clearance, marking the first approval worldwide for a shot that’s faced questions but will be key to mass immunizations
- Economic shocks like the coronavirus pandemic of 2020 only arrive once every few generations, and they bring about permanent and far-reaching change
- Boris Johnson urged U.K. lawmakers to approve his Brexit trade deal and complete Britain’s four-year divorce from the European Union. Parliament was recalled from its Christmas break for an emergency session on Wednesday to rush the trade agreement into law in a single day, 24 hours before the U.K. leaves the EU single market and customs union
- Changes to the Federal Reserve’s interest-rate setting panel will make the U.S. central bank even less likely to tighten monetary policy in the new year, no matter how much of a jolt the economy gets from the rollout of Covid-19 vaccines
- More areas of England are set to be placed under lockdown, as the new coronavirus strain puts growing pressure on hospitals. People living in London, Essex and Kent should behave as if they have Covid-19, Health Secretary Matt Hancock said in an interview with LBC radio on Wednesday
- Germany’s daily coronavirus deaths surpassed 1,000 for the first time since the beginning of the pandemic, underscoring the urgency facing Europe’s leaders to slow the spread and roll out vaccines
US Event Calendar
- 8:30am: Advance Goods Trade Balance, est. $81.5b deficit, prior $80.3b deficit
- 8:30am: Retail Inventories MoM, prior 0.8%; Wholesale Inventories MoM, est. 0.6%, prior 1.1%
- 9:45am: MNI Chicago PMI, est. 56, prior 58.2
- 10am: Pending Home Sales MoM, est. 0.0%, prior -1.1%; NSA YoY, est. 21.0%, prior 19.5%
3A/ASIAN AFFAIRS
i)WEDNESDAY MORNING/ TUESDAY NIGHT:
SHANGHAI CLOSED UP 35.42 POINTS OR 1.05% //Hang Sang CLOSED UP 578.62 PTS OR 2.18% /The Nikkei closed DOWN 123.98 POINTS OR 0.45%//Australia’s all ordinaires CLOSED DOWN 0.28%
/Chinese yuan (ONSHORE) closed UP AT 6.5097 /Oil UP TO 48.45 dollars per barrel for WTI and 51.62 for Brent. Stocks in Europe OPENED ALL MIXED// ONSHORE YUAN CLOSED AGAINST THE DOLLAR AT 6.5097. OFFSHORE YUAN CLOSED UP ON THE DOLLAR AT 6.5098 TRADE TALKS STALL//YUAN LEVELS //TRUMP INITIATES A NEW 25% TARIFFS FRIDAY/MAY 10/MAJOR PROBLEMS AT HUAWEI /CFO ARRESTED//CORONAVIRUS/PANDEMIC/TRUMP TESTS POSITIVE FOR COVID 19 : /ONSHORE YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING STRONGER AGAINST USA DOLLAR/OFFSHORE YUAN TRADING STRONGER AGAINST THE DOLLAR /TRADE DEAL NOW DEAD..TRUMP RAISED RATES TO 25%
3 a./NORTH KOREA/ SOUTH KOREA
South Korea
b) REPORT ON JAPAN
CORONAVIRUS UPDATE/JAPAN/GERMANY/THE GLOBE
Tokyo Health-Care System Risks COVID-Induced Collapse; Germany Sees Record Deaths: Live Updates
Summary:
- COVID data delays still plaguing some US states
- Texas reports new daily record cases
- Hospitalizations still at record highs
- 20+ cases of UK COVID mutant discovered in India
- Tokyo Gov warns about possible health-care system collapse
- Germany reports record daily deaths
- China says Sinopharm vaccine 80% effective
- Portugal reports most new cases in 3 weeks
* * *
Yesterday, the state of California extended its lockdown measures for LA County and the San Joaquin Valley as Joe Biden echoed concerns first voiced by Dr. Fauci about the vaccine rollout falling well behind its year-end target (while also warning that the outbreak is expected to worsen in the coming months). Today, Biden followed up by insisting that he will move ahead with ordering Americans to continue to wear masks in public for the first 100 days of his administration.
Not much has changed over the last 24 hours in the US. While Texas reported a new daily record number of new cases yesterday (25K+), a holiday induced lag across states means the COVID Tracking Project still doesn’t have a complete picture of how infections, hospitalizations and even, in some cases, deaths have fared over the last few days.
Current hospitalizations remains the most stable state-reported metric during holiday disruptions, according to the CTP, and it will likely continue to be the best guide to reality until states work through all Christmas/New Year’s backlogs.
In Japan, Tokyo’s governor warned that the capital city could see an explosive increase in virus cases at any time, and that everybody is at risk of infection. Gov. Yuriko Koike added Wednesday after Tokyo reported a near-record 940+ new cases that residents must take precautions as Japan heads into the New Year holidays. Meanwhile, a member of a Tokyo panel monitoring the coronavirus outbreak in the capital megalopolis warned that the medical system there could face “collapse” given the pace at which the virus is spreading.
After the first case of the hyper-infectious COVID strain first discovered in the UK was confirmed in Colorado last night, it’s expected that more cases will be discovered in the US as the days go on. Meanwhile, in India, at least 20 such cases have been isolated, all tied to people who were recently in Britain.
With the UK already winning plaudits for its vaccine rollout (remember, it was the first to approve Pfizer’s vaccine for the EUA), regulators followed up on Wednesday by approving the AstraZeneca-Oxford vaccine. But the UK’s success (it’s expected to ramp up vaccinations to 800K/day) is also drawing more negative attention to the US, which is barely managing to vaccinate an average of only 200K people/day, with many states using only small percentages of their total vaccine store so far.
In other European news, deaths in Germany surpassed 1K in a single day for the first time since the outbreak began on Wednesday. Finally, Chinese state-backed vaccine developer Sinopharm released new data purporting to show its jab to be 80% effective, even as trial data from Brazil has provided some reason for doubts.
Finally, Portugal reported 6.05K new confirmed cases, the highest daily tally in three weeks.
3 C CHINA
CHINA/USA
Pompeo demands China to release Wuhan citizen Zhang Zhan who reported on the coronavirus and the lying by China.
(zerohedge)
Pompeo Demands “Lying” China Release Wuhan Citizen Journalist Locked Up For Virus Reporting
US Secretary of State Mike is demanding that China immediately release a citizen journalist jailed for her earlier social media reporting from Wuhan, the global coronavirus epicenter of the COVID-19 outbreak. The case has sent shockwaves across the globe given it’s such a blatant crackdown on mere speech and reporting in the Communist-run country.
Zhang Zhan, the 37-year old former lawyer who essentially live-blogged widely shared posts describing the chaotic and mismanaged efforts of Chinese authorities to get a handle of the virus during its early spread in Wuhan was on Monday sentenced to four years in prison by a Shanghai court for “picking quarrels and provoking trouble”.
Pompeo said in his Tuesday statement: “We call on the PRC government to release her immediately and unconditionally.” He also charged Beijing with “lying” which he called a “feature” of China’s “authoritarian regime”.
“The Chinese Communist Party has shown once again it will do whatever it takes to silence those who question the party’s official line, even regarding crucial public health information,” he said in the statement.
Zhan had initially been arrested in May, with her Monday court proceedings only taking three hours before the stiff sentence was handed down.
International reports noted the intentional timing of it by authorities who feared it would create an avalanche of international condemnation, which it has. CBS reported the following:
“The pronouncement of sentence in court was quite rare and unexpected,” said defense lawyer Zhang Keke. “It has something to do with the holiday timing in the West.”
China’s communist authorities have a history of putting dissidents on trial in opaque courts between Christmas and New Year’s to minimize Western scrutiny.
The trial comes just weeks before an international team of World Health Organization experts is expected to arrive in China to investigate the origins of COVID-19.
In his statement Pompeo further underscored Zhan’s trial was “hasty” and not in accord with international standards of justice.
“Her hasty trial, to which foreign observers were denied access, shows how fearful the CCP is of Chinese citizens who speak the truth,” Pompeo said.
An EU statement also condemned the proceedings, her sentence, and treatment while in custody. “Ms Zhang has been subject to torture and ill-treatment during her detention and her health condition has seriously deteriorated,” an EU external affairs spokesman said.
4/EUROPEAN AFFAIRS
UK
UK first to approve Astra Zeneca’s viral vector model. We must wait and see how effective this one is
(zerohedge)
UK First To Approve Astra-Zeneca Vaccine As “Tier 4” Lockdowns Expanded
Even as regulators in the EU opt to give the approval process for the adenovirus-vector vaccine just a little more time, the British have, as expected, approved the AstraZeneca-Oxford vaccine for emergency use, becoming the first country to do so.
With 100MM doses of the AZ-Oxford on order, the UK expects to vaccinate its entire population (except for children, who appear to be the least vulnerable) with the doses it has ordered from AZ-Oxford, along with the doses from Pfizer-BioNTech (30MM). Health Secretary Matt Hancock appeared on the BBC Wednesday to declare that “I can now say with confidence that we can vaccinate everyone” including the “over 50s” – who will come first – and “the under 50s”.
Dr. June Raine, head of the UK’s Medicines and Healthcare Regulatory products Agency – better known as the MHRA – said the vaccine would save tens of thousands of lives while promising “no corners have been cut” in assessing the shot’s safety and effectiveness.
PM Boris Johnson declared the vaccine development “a triumph” for British science, adding “[w]e will now move to vaccinate as many people as quickly as possible.” England’s chief medical officer Chris Whitty, meanwhile, praised the “considerable collective effort that has brought us to this point.”
Britain is moving to approve the jab even as questions linger about adverse reactions seen in a small number of trial participants. Safety questions prompted a month-long shutdown of the vaccine’s Phase 3 trial in the US.
But it’s understandable that the Brits are the first out the gate to approve it: Unlike Pfizer and Moderna’s jabs, the AstraZeneca shot is UK-made. The government has promised to start injecting high-risk patients with the jabs as soon as Monday.
Source: Bloomberg
The UK has hedged its bets with orders of enough vaccine orders to vaccinate its population twice over.
Source: Bloomberg
Though Phase 3 trial data suggest it’s less effective, the AZ jab is also cheaper and easier to store than the Pfizer vaccine (Note: data from AZ’s Phase 3 trials suggested that effectiveness can climb to 90% when patients receive a half-dose to start instead of the full dose). Still, the government has said the vaccine will be administered in a two full-dose regimen, because – according to the data – the lower dose of the vaccine that gave a higher efficacy result doesn’t hold up under closer analysis.
However, even with the pace of vaccinations expected to accelerate in the coming weeks, Secretary Hancock is expected to announce another expansion of “Tier 4” lockdown restrictions, per the BBC.
Millions more people in England are to be placed under the toughest tier four coronavirus restrictions as case numbers continue to rise. Health Secretary Matt Hancock will set out the details of which areas will change in a Commons statement later. Infection rates in lower-tier areas of England have risen rapidly in the last seven days, government data shows. Tier four rules include a “stay at home” order, and mean businesses such as hairdressers and gyms must close. Speaking on BBC Breakfast, Mr Hancock said: “It is clear as we have seen from the data in the last few days that the number of infections is going up. “That’s unfortunately not just happening in the London and the South East, as it was in the last few weeks, but it’s starting to happen elsewhere in the country.” The new variant “has made suppressing the virus much harder”, he said, adding the government didn’t “take these tiering decisions lightly”.
All this comes as BoJo deploys military troops to help prepare schools for the return of students after the winter holiday, even as daily infection numbers surge to new records, purportedly driven by the new, more infectious strain of the virus inspiring the expanded lockdowns in the UK. Regardless of where you live, the British government is asking all people to ‘stay in’ this New Year’s.
end
UK
Brexit trade deal easily passes through the House of Commons
(zerohedge)
Brexit Trade Deal Easily Passes House Of Commons
Update (1000ET): After the Brexit deal easily passed its third reading vote, finally clearing the House of Commons, PM Boris Johnson sat down for an interview with BBC Brexit scribe and editor Laura Kuenssberg, where he proclaimed that the deal will allow Britain to “have its cake and eat it.”
Boris Johnson has claimed his post-Brexit trade deal with the EU allows the UK to have its cake and eat it. In an interview BBC Political Editor Laura Kuenssberg, the prime minister refused to acknowledge it will mean new barriers to trade. He conceded that there would be “changes” for business when the UK leaves EU trading rules on Thursday. But he insisted the deal would allow the UK to “go our own way but also have free trade” with the EU.
Once the deal passes the House of Lords, the Queen will need to sign the bill (something known as Royal Assent). Though the Queen may need to stay up quite late, depending on what time debate in the House of Lords finally wraps up.
After that, the process of implementing what the NYT described as “the biggest overnight change in modern commercial relations” will begin.
* * *
The trade agreement negotiated between the UK and EU has, as expected, passed the House of Commons in a vote of 521 to 73, with a few members from a range of parties rejecting the deal for various reasons, even as the Labour leadership backed it.
Before the vote, the leader of the tiny DUP, the conservative unionist party based in Northern Ireland, said they and their party members would oppose the deal. Leaders of the SNP, Lib Dems, Plaid Cymru have all instructed their MPs to vote against the deal, while Green MP Caroline Lucas said she will vote against it too. Meanwhile, the European Research Group, the bastion of Brexiteer dissent that helped bring about the downfall of Theresa May, published a three-page summary yesterday explaining its support for the deal.
Rachel Reeves, who was among the Labour MPs who decided to abstain from the vote, announced she would stand down from her junior shadow ministerial role, presumably due to her refusal to support the deal.
Before the vote, Cabinet Office minister Michael Gove winds up the debate for the government, saying four and a half years after the referendum vote “we can say we have kept faith with the people,” he said. “This bill takes back control of our laws, borders and waters.”
The pound, which had been sliding all morning, jerked higher on the headline.
The vote puts the deal on track to become international law within hours. It’s expected to pass in the House of Lords, as well as the EU Parliament in Brussels.
end
5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
Palestinians Hold First Ever ‘Joint Military Drills’ In Gaza; Israel Says Iran Behind It
After days ago a brief flare-up in fighting saw rockets exchanged between Gaza and the Israeli army, the Palestinian hardline Islamist group Hamas conducted what it called joint military exercises as a show of strength with competing militant factions.
Israeli media for its part said these unprecedented exercises ultimately had Iran’s hand behind them, as Reuters reported, “An array of Palestinian militant groups launched rockets into the Mediterranean Sea off the Gaza Strip on Tuesday at the start of what they called their first-ever joint exercise, which Israeli media described as a show of force organized by Iran.”
Multiple live-fire drills were conducted throughout Tuesday, including infantry simulations, small drone flights, and provocatively the launching of rockets into the Mediterranean, which the Israeli Defense Forces (IDF) monitored closely.
The Palestinian factions further produced videos of the exercises, described as follows:
Eight rockets streaked through a cloudless sky in Gaza towards the Mediterranean after Abu Hamza, spokesman for Islamic Jihad, delivered a speech launching the drill. It will include land and coastal exercises described by the groups as a test of their preparedness for any future confrontation with Israel.
Israel is highlighting the presence of a large portrait of slain Iranian IRGC Quds Force commander Qassem Soleimani on a main coastal road in Gaza ahead of the exercises.
Israel says this and other displays are proof enough that Tehran is also exhibiting its long reach with the drills, some of which included sophisticated weaponry.
One exercise was even staged using old non-functioning Israeli tanks left on the battlefield.
Elaborate military drills were also conducted along Gaza’s beachfront, for which Hamas had banned all fishing for the day.
The rare exercise included Hamas, Islamic Jihad, and what’s called Popular Resistance Committees, as well as smaller factions.
“The exercise comes as part of efforts to boost the joint action and cooperation between the military wings of the Palestinian factions,” Abu Hamza, an Islamic Jihad spokesman had announced. “This exercise aims to simulate expected threats by the Israeli enemy,” the armed group said in Gaza City.
end
Iran sponsored terrorism: Explosion rips through Yemen airport as Saudi officials arrive at the airport
(zerohedge_
Explosion Rips Through Yemen Airport As New Government Arrives, Killing 16 & Wounding 60
A huge explosion has rocked the civilian international airport in the southern Yemeni city of Aden, which killed at least 16 people and wounded over 60 on Wednesday. The death count has continued to soar in the hours after the apparent terror attack’s aftermath.
The source of the blast was immediately unclear but local security sources told Reuters that multiple mortar shells struck the airport’s main terminal just as top government officials belonging to the pro-Saudi and internationally recognized government arrived. It’s also being looked at as a possible direct bombing of the airplane carrying the government delegation.

No government officials were among the injured, but they were the apparent targets of the bombings.
As Fox News summarizes of some of the Iran-focused accusations now flying around:
The members of the Yemeni government’s newly formed Cabinet, including Prime Minister Maeen Abdulmalik Saeed, were greeted with a loud explosion soon after its plane landed Wednesday in the city of Aden, in what an official is calling a “cowardly terrorist attack carried out by the Iranian-backed Houthi militia.”
The government delegation could be seen in video footage disembarking their plane just as an explosion unleased chaos, with people darting for cover.
Since the grinding war began half a decade ago Tehran has been seen as the key external backer to the Shia Houthi rebels, supplying them with weapons including short to mid-range ballistic missiles used to strike neighboring Saudi Arabia.
Since the grinding war began half a decade ago Tehran has been seen as the key external backer to the Shia Houthi rebels, supplying them with weapons including short to mid-range ballistic missiles used to strike neighboring Saudi Arabia.
“It would have been a disaster if the plane was bombed,” Yemeni Communication Minister Naguib al-Awg, who was traveling with the delegation on board the plane said.
The plane full of government ministers did indeed appear to the be target, in order to presumably wipe out top officials. Aden’s health office has in the last hours updated the death toll to at least 16 people killed and 60 wounded by the explosion.
6.Global Issues
This is a must view. Dr Sucharit Bhakdi is a well known virologist/microbilogist from Germany and he explains why we should not take the vaccine.
‘THE BIGGEST EXPERIMENT EVER DONE’
Award-winning virologist, Dr. Sucharit Bhakdi elucidates why the rushed #Covid19 vaccine trials represent the world’s largest medical experiment perpetrated on the globe in human history. Dr. Bhakdi details why the public should not only doubt it’s efficacy, but also be wary of unstudied dangers.
#DrBhakdi #VaccineDangers #GuineaPigs #Moderna #Pfizer #CovidVaccine
end
An ER Nurse who received the vaccine 8 days ago, tests positive for the COVID 19
(zerohedge)
ER Nurse Tests Positive For COVID 8 Days After Being Vaccinated
In the latest reminder that COVID vaccines might not be as protective as the highly publicized Phase 3 trial data suggests, a local ABC News affiliate station in San Diego just reported that a nurse who received the Pfizer-BioNTech COVID-19 vaccine came down with the virus 8 days later.
This isn’t unprecedented. Data from the Phase 3 trials indicated that it could take up to two weeks to develop protections from the virus after receiving the shot.
Still, with so much about the process unknown, the incident deserves more scrutiny. And according to the report, local health experts are weighing in.
In a Facebook message posted on December 18, Matthew W., an ER nurse at two different local hospitals, talked about receiving the Pfizer vaccine that day.
He told ABC 10News his arm was sore for a day but he suffered no other side effects.
Six days later on Christmas Eve — after working a shift in the COVID-19 unit — Matthew, 45, became sick. He got the chills and later came down with muscle aches and fatigue.
The day after Christmas, he went to a drive-up hospital testing site and tested positive for COVID-19.
The report makes a point of emphasizing the fact that this development is “not unexpected at all” and that it’s likely at least some nurses will be infected with the virus either just before, or just after, receiving their first dose of the vaccine, during the post-jab “incubation period”.
“It’s not unexpected at all. If you work through the numbers, this is exactly what we’d expect to happen if someone was exposed,” said Dr. Christian Ramers, an infectious disease specialist with Family Health Centers of San Diego. He serves on the clinical advisory panel for the county’s vaccine rollout.
He points out, it is possible Matthew was infected before receiving the vaccine, as the incubation period may be as much as two weeks. Dr. Ramers says if Matthew did contract it after the vaccine, it’s still in line with what we know.
“We know from the vaccine clinical trials that it’s going to take about 10 to 14 days for you to start to develop protection from the vaccine,” said Dr. Ramers.
The doctor then estimated that the first dose of the Pfizer vaccine could deliver protection that’s somewhere around 50%.
Dr. Ramers says he knows of several other local cases where health care workers became infected around the time they received the vaccine. He says all the cases illustrate the fact that results aren’t immediate. Even after you start receiving some protection, it won’t be full protection.
“That first dose we think gives you somewhere around 50%, and you need that second dose to get up to 95%,” said Dr. Ramers. Dr. Ramers says Matthew’s story also shows that even with vaccines, the pandemic isn’t going to turn around instantly.
“You hear heath practitioners being very optimistic about it being the beginning of the end, but it’s going to be a slow roll, weeks to months as we roll out the vaccine,” said Dr. Ramers. He adds this case is a good reminder of why masks, handwashing, and other COVID protocols are important, even after receiving the vaccine. Matthew says he’s feeling better since his symptoms peaked on Christmas Day but still feels fatigued.
Of course, a top WHO scientist recently warned that people shouldn’t stop social distancing and wearing masks after receiving the vaccine. After all, as she added, the trial data tells us nothing about the vaccines’ impact on viral transmission.
end
After an Israel man died just 2 hrs after receiving his Moderna vaccine, a Swiss patient has died after receiving the Pfizer Covid vaccine
(zerohedge)
Swiss Patient Dies Shortly After Receiving Pfizer COVID Vaccine
After an Israeli man reportedly died just 2 hours after receiving his first dose of the COVID-19 vaccine, authorities in the Swiss Canton of Lucerne said on Wednesday that one of the first people in the country to receive the vaccine has died, though whether his death had anything to do with the inoculation hasn’t yet been determined.
The canton has yet to release any additional details about the exact amount of time that passed between the inoculation and the man’s death.
Lucerne was the site of the first vaccinations in Switzerland beginning last week, with a shot from Pfizer and its German partner BioNTech given primarily to elderly people. Switzerland has received 107K vaccine doses, so far, and expects to get 250K per month starting next year.
“We are aware of the case,” a spokesperson said, before adding that the death had been referred to Swiss drugs regulator Swissmedic. Swissmedic didn’t comment further.
Pfizer and BioNTech’s vaccine is the only vaccine approved, so far, in Switzerland. The EU has just started approving the jabs on an emergency-use basis, with the first injections starting earlier this week.
Swiss Patient Dies Shortly After Receiving Pfizer COVID Vaccine | ZeroHedge
Is this too horrid a thought ? When you see a provincial Finance Minister on vacation in the Caribbean while his Twitter account is set to make look like he is in Ontario, how can anything he says he believed? How can the government he serves with be credible ? The fact the Globe &Mail carried the story this morning is quite telling.
Let’s see if the Ford regime in Ontario has what it takes to fire him for the optics or simply plow ahead. Whatever occurs it will tell us exactly what these clowns are about.
It is really a time for change or let the whole place go down the toilet and start again.
At Least 3 Shipments Of COVID Vaccine Have Spoiled On Their Way To Texas
Despite all the talk about Moderna’s COVID-19 vaccine being more accessible than the Pfizer-BioNTech iteration due to the less-stringent temperature requirements, it appears that several batches of the vaccine shipped out to Texas last week have effectively spoiled due to “straying from their temperature requirements,” according to Bloomberg.
With the US vaccination program lagging far behind Operation Warp Speed year-end targets, at least three shipments of spoiled Moderna vaccines arrived in Texas last week, prompting a delay in future deliveries to the Lone Star state as investigators scramble to figure out what happened.
Several shipments that had been scheduled for delivery before the holiday were held back, said Carrie Kroll, vice president of advocacy, quality and public health for the Texas Hospital Association.
It’s unclear how many doses were affected, or who might be culpable for the mistake. While the affected shipments have been replaced by the federal government, and others were held back by US officials as they looked into issues with temperature sensors, Kroll told reporters that many hospitals in the state were only just now getting doses that were expected a week ago.
“Some of the shipments for week 2 were delayed and were not received by providers until Monday and Tuesday of this week,” Lara Anton, a spokeswoman for the Texas Department of State Health Services, said in an email. The delay contributed to the appearance that Texas has administered a relatively small portion of the vaccine doses allocated to the state.
Kroll, the hospital association official, said hospitals were just now getting some doses that were expected a week ago, but the numbers in the states’ vaccine allocation don’t reflect the delay.
Other reporting problems may make it seem like Texas medical providers are administering fewer shots than they are in reality, she said. Some hospital systems have had trouble with the data system the state uses to track immunizations, she said. Shots they administer aren’t properly logged in the central system, and the discrepancies need to be resolved case-by-case.
“It’ll look like there’s vaccine sitting on the shelf when it’s actually been administered,” Kroll said.
As of Monday, only 2.13MM Americans had received the shots, despite the fact that 11.45MM doses of the vaccines made by Moderna and Pfizer have been distributed to the states.
Many of the larger states like New York and California have lagged, so West Virginia and other smaller states are reporting the highest rates so far.
Source: Bespoke
When asked by the press, officials from the Texas Department of State Health Services confirmed that doses had been delayed but didn’t directly respond to specific questions about what went wrong.
“Some of the shipments for week 2 were delayed and were not received by providers until Monday and Tuesday of this week,” Lara Anton, a spokeswoman for the Texas Department of State Health Services, said..
Though, if nothing else, the delays explain Texas’s conspicuously low vaccination rate…
…While offering another reminder that OWS’s optimistic vaccination timeline seems more grounded in fantasy than reality right now.
END
Lacalle states that today is not different from the last crisis…we have more debt and thus less growth
(Lacalle)
This Time Is Not Different. More Debt, Less Growth
I remember that in 2009 three messages were constantly repeated:
“In this crisis measures are different, because governments are investing in the recovery by increasing public spending,” “the funds from stimulus plans will strengthen the recovery “and “central banks help a stronger recovery by lowering rates and increasing liquidity”.
Then, 2010 arrived and the Eurozone entered a deeper crisis.
In many aspects, this recession is similar.
Many governments are doing the same as they did in 2009. Extend and pretend. Extend structural imbalances and pretend this time will be different.
It is worrying to see the same level of excessive optimism of 2009 these days, and we must prepare for a complex environment and a difficult recovery if we are to emerge from this crisis stronger.
A recent analysis by Ned Davis Research shows that as government debt rises, growth slows, and jobs recovery is weaker. Using a multi-factor mode analysis with data from 1951 to 2020, as government debt to GDP exceeds 100%, real growth per annum falls to 1.6%, non-residential investment falls and non-farm payroll recovery weakens to 0.6% per annum.
Two factors tell us that the recovery in 2021 will likely be disappointing.
- Massive liquidity injections, with $26 trillion injected by central banks, have been used mostly to perpetuate elevated government spending, fundamentally current spending, and fund public debt.
- The second is that corporate balance sheets have been damaged to a level that will make it difficult to see a significant growth in investment above depreciation. SP Global expects global capital expenditure to remain weak in 2021.
Global growth estimates look too optimistic. The consensus assumes a recovery of 4% globally in 2021, returning to the GDP of 2019 at the end of 2022. This assumes an extraordinary and unprecedented fiscal multiplier of debt and liquidity. One of the most important concerns is to see a recovery in GDP led by a bloated public spending and record debt that would not generate enough employment growth. This is what is called a jobless K-shaped recovery, where some sectors rebound rapidly (technology, high added-value sectors) and a majority (Small and medium enterprises, self-employed) either do not recover or worsen.
In this crisis, developed countries have had an enormous fiscal space at their disposal to face the pandemic. An economy doped by high liquidity and low rates. Some countries have used part of this fiscal space to preserve the business fabric and help create jobs. Others, a majority, have taken the crisis opportunity to increase structural imbalances and current spending without real economic return. This means that there is an important risk of a jobless recovery where furloughed jobs are not absorbed entirely.
A solvency crisis cannot be solved with liquidity. All the central bank quantitative easing programs do not prevent the bankruptcy domino from accelerating in 2021, just as we saw in Europe after the 2009 optimism. This financial crisis after an optimist period comes because the challenged of the economy do not come from lack of access to debt or low rates, but working capital rising way above sales.
Expectations regarding the impact of the European Recovery Fund seem exaggerated. Too much hope is being placed on the magic of the Keynesian multiplier effect of these funds, despite the evidence of their low effectiveness, already contrasted after the disappointment of the Growth Plan and Employment 2009 plan and the Juncker Plan. The probability that these funds will be misused and unproductively is high.
When I look at the estimates of GDP growth for 2021-2022, I see that consensus estimates assume a 1.5x to 2x multiplier to the stimulus packages implemented in 2020. This is almost impossible because it has not happened in the past three decades, there is evidence that the multiplier is very low or zero. The study of Ilzetzki et al” How Big (Small?) Are Fiscal Multipliers? “ (Journal of Monetary Economics, Volume 60, Issue 2, March 2013) shows the history of the cumulative impact of public spending in 44 countries, showing the very low effectiveness of fiscal stimuli. Even if we accepted positive fiscal multipliers, the empirical evidence of the last fifteen years shows a range that, when positive, moves barely between 0.5 and 1 at most. However, in most countries has been negative (as reflected in the FT article “Has the IMF proved multipliers are really large?“, and “Growth Forecast Errors and Fiscal Multipliers” IMF study).
What can be expected?
Some relevant downgrades to GDP growth estimates in those countries with the highest indebtedness and where the fiscal space has been used to perpetuate current government spending and finance automatic stabilizers.
We may also see a large increase in debt as GDP growth undershoots expectations and deficits remain elevated, something that will impact 2022 estimates as well. As governments may decide to raise taxes to finance part of the deficit increase, the impact on jobs and growth will likely be larger.
There is also an important factor to consider. Gross Capital formation may likely disappoint as 2020 has seen an unprecedented zombification of the economy which has led to an abnormal rise in overcapacity for such a short crisis with a large bounce in the third quarter of 2020.
Fiscal and monetary space and are not excuses for counter-reforms and wasting money. Countries have the unique opportunity to use these tools to strengthen the productive fabric and create employment, but unfortunately a large part has been squandered.
There is only one way to strengthen the recovery: To reduce structural imbalances by regaining budgetary sanity and implementing serious measures to attract capital. To fall back into propagandistic optimism would be a mistake.
7. OIL ISSUES
8 EMERGING MARKET ISSUES
Your early morning currency/gold and silver pricing/Asian and European bourse movements/ and interest rate settings WEDNESDAY morning 7:00 AM….
Euro/USA 1.2279 UP .0027 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 /MIXED
USA/JAPAN YEN 103.06 DOWN 0.490 (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 1.3595 UP 0.0098 (Brexit March 29/ 2019/ARTICLE 50 SIGNED/BREXIT FEES WILL BE CAPPED/
USA/CAN 1.2778 DOWN .0044 CANADA WORRIED ABOUT TRADE WITH THE USA WITH TRUMP ELECTION/ITALIAN EXIT AND GREXIT FROM EU/(TRUMP INITIATES LUMBER TARIFFS ON CANADA/CANADA HAS A HUGE HOUSEHOLD DEBT/GDP PROBLEM)
Early THIS WEDNESDAY morning in Europe, the Euro ROSE BY 27 basis points, trading now ABOVE the important 1.08 level RISING to 1.2279 Last night Shanghai COMPOSITE UP 35.42 PTS OR 1.05%
//Hang Sang CLOSED UP 578.62 PTS OR 2.18%
/AUSTRALIA CLOSED DOWN 0,28%// EUROPEAN BOURSES ALL MIXED
Trading from Europe and Asia
EUROPEAN BOURSES ALL MIXED
2/ CHINESE BOURSES / :Hang Sang CLOSED UP 578.62 PTS OR 2.18%
/SHANGHAI CLOSED UP 35.42 PTS OR 1.05%
Australia BOURSE CLOSED DOWN 0.28%
Nikkei (Japan) CLOSED DOWN 123.98 POINTS OR 0.45%
INDIA’S SENSEX IN THE GREEN
Gold very early morning trading: 1878.60
silver:$26.28-
Early WEDNESDAY morning USA 10 year bond yield: 0.950% !!! UP 1 IN POINTS from TUESDAY’S night in basis points and it is trading WELL BELOW resistance at 2.27-2.32%.
The 30 yr bond yield 1.694 UP 2 IN BASIS POINTS from TUESDAY night.
USA dollar index early WEDNESDAY morning: 89.72 DOWN 27 CENT(S) from TUESDAY’s close.
This ends early morning numbers WEDNESDAY MORNING
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And now your closing WEDNESDAY NUMBERS \1: 00 PM
Portuguese 10 year bond yield: 0.03% DOWN 1 in basis point(s) yield from YESTERDAY/
JAPANESE BOND YIELD: +.025.% DOWN 1/2 BASIS POINTS from YESTERDAY/JAPAN losing control of its yield curve/56
SPANISH 10 YR BOND YIELD: 0.04%//DOWN 1 in basis point yield from yesterday.
ITALIAN 10 YR BOND YIELD:0.55 DOWN 1 points in basis points yield from yesterday./
the Italian 10 yr bond yield is trading 51 points higher than Spain.
GERMAN 10 YR BOND YIELD: FALLS TO –.57% IN BASIS POINTS ON THE DAY//
THE IMPORTANT SPREAD BETWEEN ITALIAN 10 YR BOND AND GERMAN 10 YEAR BOND IS 1.12% AND NOW ABOVE THE THE 3.00% LEVEL WHICH WILL IMPLODE THE ENTIRE ITALIAN BANKING SYSTEM. AT 4% SPREAD THERE WILL BE A HUGE BANK RUN…
END
IMPORTANT CURRENCY CLOSES FOR WEDNESDAY
Closing currency crosses for WEDNESDAY night/USA DOLLAR INDEX/USA 10 YR BOND YIELD/1:00 PM
Euro/USA 1.2285 UP .0033 or 33 basis points
USA/Japan: 103.28 DOWN .274 OR YEN UP 27 basis points/
Great Britain/USA 1.3604 UP .01070 POUND UP 107 BASIS POINTS)
Canadian dollar UP 57 basis points to 1.2765
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The USA/Yuan, CNY: closed UP AT 6.5233 ON SHORE (UP)..
THE USA/YUAN OFFSHORE: 6.5092 (YUAN up)..
TURKISH LIRA: 7.37 EXTREMELY DANGEROUS LEVEL/DEATH WISH.
the 10 yr Japanese bond yield at +0.025%
Your closing 10 yr US bond yield DOWN 1 IN basis points from TUESDAY at 0.933 % //trading well ABOVE the resistance level of 2.27-2.32%) very problematic USA 30 yr bond yield: 1.670 DOWN 1 in basis points on the day
Your closing USA dollar index, 89.71.87 down 28 CENT(S) ON THE DAY/1.00 PM/
Your closing bourses for Europe and the Dow along with the USA dollar index closing and interest rates for WEDNESDAY: 12:00 PM
London: CLOSED DOWN 46.83 0.71%
German Dax : CLOSED DOWN 42.60 POINTS OR .31%
Paris Cac CLOSED DOWN 12.38 POINTS 0.22%
Spain IBEX CLOSED DOWN 20.40 POINTS or 0.25%
Italian MIB: CLOSED DOWN 26451 POINTS OR 0.12%
WTI Oil price; 47.94 12:00 PM EST
Brent Oil: 51.20 12:00 EST
USA /RUSSIAN / RUBLE FALLS: 74.57 THE CROSS HIGHER BY 0640 RUBLES/DOLLAR (RUBLE LOWER BY 64 BASIS PTS)
TODAY THE GERMAN YIELD FALLS TO –.57 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 : 48.27//
BRENT : 51.47
USA 10 YR BOND YIELD: … 0.927..down 1 basis points…
USA 30 YR BOND YIELD: 1.662 down 2 basis points..
EURO/USA 1.2298 ( UP 47 BASIS POINTS)
USA/JAPANESE YEN:103.28 DOWN .269 (YEN UP 27 BASIS POINTS/..
USA DOLLAR INDEX: 89.66 DOWN 23 cent(s)/
The British pound at 4 pm Britain Pound/USA:1.3619 UP 121 POINTS
the Turkish lira close: 7.38
the Russian rouble 74.43 DOWN 0.49 Roubles against the uSA dollar. (DOWN 49 BASIS POINTS)
Canadian dollar: 1.2757 UP 65 BASIS pts
German 10 yr bond yield at 5 pm: ,-0.57%
The Dow closed UP 73.89 POINTS OR 0.27%
NASDAQ closed UP 19.78 POINTS OR 0.15%
VOLATILITY INDEX: 22.61 CLOSED DOWN .47
LIBOR 3 MONTH DURATION: 0.253%//libor dropping like a stone
USA trading today in Graph Form
Dollar Dumps, Bitcoin Jumps, & Stock Short-Interest Slumps

The dollar continued its race to the bottom today after a brief pop on Monday…
Source: Bloomberg
Pushing the world’s reserve currency to the brink of critical support against its fiat peers…
Source: Bloomberg
And Bitcoin and Gold already know it…
Source: Bloomberg
As does speculative positioning…
Source: Bloomberg
“You have meddled with the primary forces of nature, Mr Powell, and I won’t have it! Is that clear? It is the international system of currency which determines the totality of life on this planet…”
As the dollar puked, Bitcoin soared to new record highs near $29,000…
Source: Bloomberg
And Ethereum topped $750…
Source: Bloomberg
And TSLA too…
As it seems that FOMO on MOMO was rife today ahead of year-end.
Small Caps screamed higher at the open, Nasdaq was dumped. Things slipped gently lower before a very last minute dump into the close…
Small Caps/Big-Tech found support after yesterday’s plunge…
Energy and Materials stocks were best today, Consumer Staples was weakest…
Source: Bloomberg
VIX pushed back above 23 – back into the closing range from quad witch…
Treasury yields ended the day modestly lower (long-end -1bps). NOTE – once again, bond weakness overnight and bid during US session…
Source: Bloomberg
The whole of December has seen a 3bps range around 93bps for the 10Y as it coils ever more tightly…
Source: Bloomberg
Are bonds getting ready to reflect the plunge in macro data…
Source: Bloomberg
Oil prices chopped around like a penny stocks today to end the day higher with $48 apparently the line in the sand…
As the dollar dived, gold gained though futures were unable to reach $1900..
Finally, as the year comes to an end, all that short-squeeze ammo that has sent stocks soaring since March…
Source: Bloomberg
Is now evaporated as short-interest is back at pre-COVID levels…
Source: Bloomberg
a)Market trading/LAST NIGHT/USA
b)MARKET TRADING/USA//Non farm payrolls
ii)Market data/USA
Pending Home Sales Tumble For 3rd Month In A Row As Affordability Plummets
While new- and existing-home sales fell in November, analysts expected pending-home-sales to stabilize unchanged (after falling 1.1% in October) but instead it tumbled 2.6% MoM – its third monthly decline in a row.
This is also the worst MoM drop since April when COVID lockdowns were widespread. This monthly drop also weakened the YoY surge to +16.0%.
Source: Bloomberg
Pending home sales declined in all four major U.S. regions. The gauge of contract signings in the West dropped 4.7% to a four-month low. In the Midwest, pending sales declined 3.1%, while in the South they fell 1.1%.
“The latest monthly decline is largely due to the shortage of inventory and fast-rising home prices,” Lawrence Yun, NAR’s chief economist, said in a statement.
“The market is incredibly swift this winter with the listed homes going under contract on average at less than a month due to a backlog of buyers wanting to take advantage of record-low mortgage rates.”
Having reached an all-time record high in August, it seems the buying-panic has abated…
Source: Bloomberg
Despite rates at record lows – and falling – it seems exuberance in the housing market (mostly felt by homebuilders not homebuyers) is starting to roll over.
U.S. trade deficit in goods jumps 5.5% in November to record high
Dec. 30, 2020 at 8:41 a.m. ET
MarketWatch
Trade gap exacerbated by coronavirus pandemic
The U.S. trade deficit in goods climbed 5.5% in November to a new record of $84.8 billion, reflecting weaker U.S. exports due to the coronavirus pandemic.
The trade gap in goods was revised to $80.4 billion in October.
The government said goods imports rose 2.6% to $212 billion, outpacing a less than 1% increase in U.S. exports. Goods exports totaled $127.2 billion.
The U.S. is actually importing more foreign-made goods than it was one year ago because the economy has recovered more strongly from the pandemic than other countries.
Yet exports have lagged owing largely for the very same reason.
iii) Important USA Economic Stories
WHAT A DISGRACE: Pence Disagreed with Louie Gohmert on Electoral College Vote Before Lawsuit
Published December 29, 2020 at 7:36pm
Before Vice President Mike Pence was sued by Representative Louie Gohmert their lawyers met and the two sides disagreed about how the Electoral College is formally accepted.
After the meeting, Rep. Gohmert sued VP Pence and argued that Mike Pence should pick competing slates from the swing states Arizona, Georgia, Pennsylvania, Michigann, Wisconsin due to the mass amount of fraud in the 2020 stolen election.
More from Emerald Robinson:
Evidently, Mike Pence is no longer interested in politics.
Trump voters WILL NEVER FORGET such a betrayal to this country and president.
Newsmax reported:
Before Vice President Mike Pence was sued by a Republican congressman from Texas in a Hail Mary attempt to reverse the November election, their lawyers held a private meeting in which they disagreed about how the Electoral College vote is formally accepted.
Rep. Louie Gohmert, who claims Pence has the power to hand President Donald Trump a second term by rejecting Democratic electors from swing states, described the failed talks in a Tuesday filing in federal court in Tyler, Texas. Gohmert is seeking a court order requiring the Office of the Counsel for the Vice President and the U.S. Justice Department to respond to the lawsuit by Wednesday evening.
The Senate and House meet jointly on Jan. 6 to open and count certificates of electoral votes. The vice president has the constitutional role of presiding over the Senate, which has traditionally included overseeing the formal acceptance of the Electoral College vote.
Gohmert’s filing Tuesday also asked U.S. District Judge Jeremy Kernodle, a Trump appointee, to expedite the case and rule by Jan. 4, to allow time for a fast appeal.
END
Trump gets the same opportunity as Bush to argue his case
(Hoft/Gateway Pundit)
Trump Attorney Jenna Ellis on Wisconsin Supreme Court Case: Bush v. Gore Is Precedent Here – President Trump Gets Same Opportunity as Bush to Argue His Case (VIDEO)
Published December 29, 2020 at 9:49pm
President Trump’s Senior Legal Advisor Jenna Ellis joined Grant Stinchfield Tuesday night on Newsmax.
Jenna was asked about the latest legal moves to bring justice to the Trump campaign in the stolen 2020 election.
Ellis told Stinchfield that the Trump legal team is going to continue to fight because they care about election integrity and they’re going to push these cases through every legal and viable avenue.
Jenna then added that President Trump’s Wisconsin case is very similar to George Bush’s 2000 case in Florida.
Jenna Ellis: If this election and all of the fraud is not corrected by January 6th, this will have been a failure not of the Trump legal team, not of the failure of evidence of the Supreme Court, the Judicial branch, the entire way down. And, Grant it will be mainly a failure of the state legislatures… Bush v. Gore is precedent here on electoral challenges and they need to recognize that President Trump absolutely gets the same opportunity to argue his case that President George W. Bush did in 2000. And to treat him differently than every other sitting president and every other election is manifestly interfering in the due process in our constitution.
Via Stinchfield on Newsmax:
end
No 3
Trump campaign asks Supreme Court to set aside Wisconsin election
Brugen/EpochTimes)
Trump Campaign Asks Supreme Court To Set Aside Wisconsin’s Election
Authored by Isabel van Brugen via The Epoch Times,
The Trump campaign announced Tuesday that it was asking the Supreme Court to set aside Wisconsin’s presidential election, and to allow the Republican-controlled legislature to choose how to cast its 10 electoral votes.
The campaign asks in its filing (pdf) that the Supreme Court declare the state election “failed.” It also asks justices to allow the Wisconsin Legislature to appoint presidential electors to replace those pledged to Democratic presidential nominee Joe Biden.
Trump lost the battleground state to the former vice president by about 21,000 votes, according to official records.
“This Court is likely the only institution of our government capable of credibly resolving the controversy over this election,”Trump’s legal team said.
Unless the campaign’s request to expedite the cases is granted, it will likely be moot before it is able to be considered by the nation’s highest court.
The president’s campaign filed a lawsuit with the state Supreme Court seeking to invalidate four groups of ballots cast in Dane and Milwaukee counties, two Democrat strongholds.
The groups included some 170,000 absentee ballots cast in person before Election Day with a different application used by those who delivered ballots via mail, and 28,000 ballots cast by voters who said they were “indefinitely confined” so that they could submit an absentee ballot application without providing a photo ID.
That lawsuit was rejected by a narrowly divided Wisconsin Supreme Court on Dec. 14 in a 4-3 ruling, which saw the court’s three liberal justices joined by Supreme Court Justice Brian Hagedorn, a conservative, who said three of Trump’s four claims were filed too late and the other was without merit.
The remaining three conservative justices dissented, saying that they believed some practices in this year’s election were illegal.
Jim Troupis, Trump’s lead Wisconsin attorney, said in a statement that the Wisconsin Supreme Court “refused to address the merits of our claim.”
“This ‘Cert Petition’ asks them to address our claims, which, if allowed, would change the outcome of the election in Wisconsin.” Troupis added. “Three members of the Wisconsin State Supreme Court, including the chief justice, agreed with many of the president’s claims in written dissents from that court’s Dec. 14 order.”
Tuesday’s appeal by the Trump campaign asserts that officials in the state exceeded their authority under state law to make provisions for receiving ballots.
It argues voters who weren’t “indefinitely confined” were allowed by state and local officials to request absentee ballots. Voters in Madison were also allowed to deliver ballots to a “Democracy in the Park” collection event, and clerks were allowed to fill in missing personal information from absentee ballot envelopes, the campaign argues.
Dozens of lawsuits in key battleground states and before the U.S. Supreme Court have so far mostly failed. Trump has asked courts to reject ballots cast under questionable circumstances, including under alleged violations of state election laws and other improprieties like Republican poll watchers being denied “meaningful access.”
In a blow to Trump’s legal efforts, the Supreme Court earlier this month declined to take up two of his cases challenging the election process in key states. Some 120 House Republicans signed on to that failed effort.
No 4
Hawley Becomes First Senator Committed to Challenging Electoral College Results
Sen. Josh Hawley (R-Mo.) said he will object during the counting of the Electoral College vote process on Jan. 6, becoming the first senator to confirm they are joining an effort launched by more than a dozen House Republicans.
“I cannot vote to certify the electoral college results on Jan. 6 without raising the fact that some states, particularly Pennsylvania, failed to follow their own state election laws,” Hawley wrote in a statement on Monday. “And I cannot vote to certify without pointing out the unprecedented effort of mega-corporations, including Facebook and Twitter, to interfere in this election, in support of Joe Biden,” he added.
Hawley said that Congress should investigate voter fraud allegations and make sure that future elections are secure. According to the Missouri Republican, both chambers have failed to act in an appropriate manner.
“For these reasons,” Hawley continued, “I will follow the same practice Democrat members of Congress have in years past and object during the certification process on Jan. 6 to raise these critical issues.”
Hawley noted that Democrats objected during the 2004 and 2016 elections “in order to raise concerns” about election integrity. “They were praised by Democratic leadership and the media when they” objected, Hawley added, saying that they “were entitled to do so” and Republicans concerned about election integrity in the Nov. 3 election “are entitled to do the same.”

For the past several weeks, Rep. Mo Brooks (R-Ala.) and other House GOP lawmakers have pledged to object to the counting of the Electoral College votes during the Joint Session of Congress. Their effort requires a senator and a House member that would trigger a series of debates before a vote on whether to certify a state’s Electoral College votes is held.
Some members of the GOP leadership, including Majority Whip John Thune (R-S.D.), have said their efforts are doomed to fail. And over the past weekend, Rep. Adam Kinzinger (R-Ill.), in comments widely publicized by news outlets, referred to Brooks’s effort as “a scam.”
And, according to anonymously sourced reports, Senate Majority Mitch McConnell (R-Ky.) told GOP senators that they should not take part in the House GOP-led effort on Jan. 6. Another Republican, Sen. John Cornyn (R-Texas), said the attempt to challenge the votes is an improbable one.
“It’s basically going through the motions,” Cornyn said, reported The Hill. “It’s a futile exercise.”
But Brooks, for his part, indicated that “dozens” of House members back the effort. “We’re going to sponsor and co-sponsor objections to the Electoral College vote returns,” Brooks told Fox News on Dec. 28.
In a previous interview with The Epoch Times’ American Thought Leaders program, Brooks said he believes the Electoral College vote can be rejected, and the election can ultimately be decided in the House of Representatives.
Former California Sen. Barbara Boxer “tried to strike Ohio for George Bush back in 2005, so this is not unusual,” Brooks said in an interview with Fox Business on Dec. 15. “The law is very clear, the House of Representatives in combination with the United States Senate has the lawful authority to accept or reject Electoral College vote submissions from states that have such flawed election systems that they’re not worthy of our trust.”
The new Congress is slated to be sworn in on Jan. 3.
end
No 5
Expect delayed results and litigation in the runoff election. What else is new!
(zerohedge_
Georgia Runoff Will Likely See Delayed Results, Litigation, And Other Drama
Georgia’s January 5th runoff for two US Senate Seats will decide whether Republicans keep the chamber, or cede power to Congressional Democrats – allowing the incoming Biden administration to swiftly execute their agenda.

And thanks to a landslide of absentee voting amid near-record turnout, the special election between Democrats Jon Ossoff and Raphael Warnock, and incumbent GOP Senators David Perdue and Kelly Loeffler, will likely drag on for days, if not weeks, according to Bloomberg.
In the Nov. 3 contest, the results were so close that it took 10 days before television networks projected that Democrat Joe Biden won Georgia. The state didn’t certify his victory for another week, and it was certified twice more, lastly on Dec. 7.
With the runoff elections expected to be similarly tight, the results are likely to be slow again, leaving control of the U.S. Senate in doubt well into next month. –Bloomberg
“Almost no chance it’s called on election night,” according to political scientist Kerwin Swint of Kennesaw State University.
Bloomberg also predicts that just like the November 3 election, the initial results will swing in favor of the Republicans, with Democrats gaining ground from mail-in and absentee ballots. Notably, former GA gubernatorial candidate Stacey Abrams has bragged that 1.2 million absentee ballots have already been requested.
Meanwhile, Abrams’ sister, Judge Leslie Abrams Gardner, ordered that two Georgia counties reverse their decision to remove 4,000 likely ineligible voters from the rolls.

“We know from the numbers that we’re in a good place; 1.2 million absentee ballots have been requested thus far,” she told CNN‘s Jake Tapper on “State of the Union” two weeks ago, adding that 85,000 of them were new voters.
According to the latest figures from the Georgia Secretary of State’s office, over 2.3 million votes have already been cast, including over 802,000 returned absentee ballots and over 1.5 million people voting in person.

“And then here comes the lawyers on horseback,” predicts Democratic political consultant Rick Dent, who worked for former Georgia Senator Zell Miller (D).
Vice President-elect Kamala Harris will travel to Savannah on Sunday to campaign on behalf of Ossoff and Warnock, while President-elect Joe Biden will travel to Atlanta on Monday to do the same.
All eyes on the vote
While Democrats gear up for record mail-in and absentee voting, Republicans will be (or at least, should be) keeping a close eye on the contest amid widespread claims of election fraud in Georgia and other states.
“No matter what shenanigans they did in November, we know what they were up to, and now we’re watching,” Perdue said at a Tuesday rally. “And we’re going to do everything we can to make this election in January clear, transparent and fair.”
One official said Tuesday the state hopes counties will have processed all the absentee ballots they receive up to Jan. 5, so that all they need to process on Election Day will be what arrives that day before 7 p.m.
But the official, who asked not to be identified to speak freely, said that most counties had counted all their absentee ballots before the general election on Nov. 3, and it still took days to process the last-minute arrivals.
Swint said that counting process “will probably be at least a few days, and then very likely court challenges after that.” –Bloomberg
“The process will follow whatever course the process must take,” said Ossoff on Tuesday when asked about potential lawsuits surrounding the runoff. “We will see how the process unfolds to make sure every ballot is counted.”
According to Dent, meanwhile, “It’s going to be the election that never ends.”
END
No 6
RAFFENSPERGER GETS CAUGHT: Georgia Ballots Were Printed DIFFERENTLY for GOP Counties vs. DEM Counties — Election Was Rigged!
Published December 30, 2020 at 10:00am
Georgia Secretary of State Brad Raffensperger
Members of Georgia’s Senate Judiciary Subcommittee on Elections and members of the Senate Judiciary Committee held a hearing to study Georgia’s Election Laws, and the numerous voting irregularities in the 2020 presidential election.
The hearing comes after a Senate subcommittee held a hearing last week at the capitol to discuss perceived voting irregularities in November’s presidential election.
During the hearing witness Jovan Pulitzer was invited to testify on the irregularities in the November 3rd election.
Jovan Pulitzer
Jovan Pulitzer is a brilliant inventor and author best known for creating and patenting CRQ and has founded companies that included seed investment rounds ranging from $1.6m to over $250m.
Joe Hoft wrote about this brilliant man first here at The Gateway Pundit.
On Tuesday Jovan Pulitzer revealed the differences between votes printed for Democrat precincts versus Republican precincts.
The Republican precincts had a barcode up in the right-hand corner.
The votes from two different areas are printed differently.
This caused GOP votes to get kicked out by the Dominion machines.
Secretary of State Raffensperger allowed this to take place in a historically red state.
Raffensperger should be brought up on charges immediately.
END
No 7
A must view..
(Gateway Pundit)
THE MAN WHO WILL SAVE AMERICA… “This Isn’t the Beating of a Drum, This Is the Burning of a City!” – Inventor Jovan Pulitzer DESTROYS Georgia’s Corrupted 2020 Election Results
Published December 30, 2020 at 11:53am
Inventor Jovan Hutton Pulitzer was in front of the Georgia Senate today and he totally destroyed Georgia’s 2020 election results and offered a plan where for free, he will determine the accurate results by examining the paper ballots used in the election.
Prior to today we’ve requested that President Donald J. Trump write an Executive Order mandating that the ballots and images in select states be audited and reviewed for fraud by Jovan Pulitzer.
We first learned of Inventor Jovan Pulitzer a few weeks ago and reported that he is able to audit millions of ballots in a day based on his method for reviewing ballots and images. His biography and ideas were provided in our article. He believes there was fraud in the 2020 election and that he can prove it quickly:
Today in Georgia Mr. Pulitzer gave a presentation that all of America should see and hear:
Pulitzer shared:
I have no regard for the smoking mirrors of how the machines work, the hidden stuff in the code, or how this machine is supposed to be programmed. If the machine worked according to programming none of us would be standing here. We’re here because something broke.
So I’m saying ‘I don’t care about the machine’. I don’t even care about the code that was written in the machine. What I care about is that physical artifact. And you know what? That physical artifact has material differences from district to district that should not be there…Why are they there?
He shared the people of the state of Georgia trusted the state to ensure the election was valid and fraud free. The current election results are flawed:
This isn’t the beating of a drum this is the burning of a city.“
Our country was founded on a piece of paper! Pulitzer can look at the paper and determine almost immediately if a ballot is fraudulent or not. Pulitzer notes that he can look at 500,000 ballots in a couple hours.
Please watch this presentation and share it with everyone you know. We need to have Mr. Pulitzer review the ballots from all the swing states.
end
No 8
Brutal
BREAKING: Georgia’s Senate Judiciary Subcommittee on Elections Holds Hearing on Voting Machine Irregularities AND IT’S DEVASTATING! – LIVE-STREAM VIDEO
Published December 30, 2020 at 8:20am
Members of Georgia’s Senate Judiciary Subcommittee on Elections and members of the Senate Judiciary Committee will hold a hearing to study Georgia’s Election Laws, and their past and present impact on the current Election cycle.
They will also consider the committee report from the December 3rd meeting.
The hearing comes after a senate subcommittee held a hearing last week at the capitol to discuss perceived voting irregularities in November’s presidential election.
On election night election officials ran 15,000 ballots five times and got five different answers. They could NEVER duplicate the results from the Dominion voting machines!
The first witness from Coffee County is devastating.
She just blasted the corrupt Secretary of State.
Portland Homicides Reach Highest Level In 3 Decades After Gun Violence Task Force Disbanded
As Antifa and other far-left activists have mounted a national campaign to “abolish the police” – going so far in places like Portland and Seattle as to literally fight the police while declaring so-called autonomous zones – the city that’s become ground zero for the anti-police movement has seen murder rates soar.
Fox News reports based on local crime statistics that murders are surging in Portland, Oregon. “As of Christmas Eve, this year’s shootings had surpassed last year’s by more than 116%, with 393 shootings reported in all of 2019.”
2020 numbers dwarf the prior year’s, having reached over 850 shootings. Among these are more single-year homicides than in any year over the prior nearly three decades.
The city is so desperate that police chief Chuck Lovell is urging the public’s help in doing “everything we can together” to “break the cycle of violence.”
“Gun violence has plagued our city at twice the rate of last year,” he underscored in a public statement. “On average, someone is shot in Portland roughly every two days.”
And almost unbelievably (or actually perhaps very believable given it’s Portland), a frontline special police task force was earlier disbanded because activists claimed it was inherently racist. As homicides and shootings soared, here’s the “action” that far-left activists and woke city officials took, according to local media:
PPB’s [Portland Police Bureau] gun violence reduction team was disbanded in the summer following the criticism of advocates who said that the gun violence reduction team was stopping people of color disproportionately to others.
The dissolution of the 34-person police unit happened in July, and since then shootings across the city have skyrocketed. It was done also in the name of Portland’s “police reform efforts” in the wake of widespread George Floyd and Black Lives Matter protests and unrest earlier in the summer.
A recent headline covering Sunday night violence, for example, has become typical of most weekends in Portland, which is beginning to resemble Chicago levels of violence. Police described “The number of bullets that must have been flying around our neighborhoods, city streets, sidewalks – it’s awful.” The recent headline reads, “Portland police respond to 4 overnight shootings, 2 injured” in which—
The Portland Police Bureau is investigating four different shootings after two victims walked into local hospitals with gunshot wounds overnight and two more reports were made about gunfire.
The shootings happened in different parts of the city on the east side… the third shooting of the night was reported just after 11 p.m. on SE 72nd Ave where officers found “at least nine bullet strikes to a residence and multiple casings.” According to police, bullets went through the living room of an occupied home and into multiple bedrooms. Luckily, no one inside the home was injured in the shooting.
Minutes after the third shooting was reported in Southeast Portland, a fourth was reported in Northeast Portland in the Cully neighborhood.
Chief Lovell this week noted that though the city has taken appropriate extreme measures to curtail the spread of the coronavirus, “Violence is also a disease that kills and our community is suffering the consequences.”
The clearly corelated trend of disbanding police anti-crime units in various cities across the nation leading to spikes in violent crime should be obvious to most Americans, but it is apparently being lost on those city officials allowing themselves to be willing pawns of the woke mob.
Homeless Antifa Group Occupies Tacoma Motel
Authored by Annaliese Levy via SaraACarter.com,
Homeless Antifa activists booked 16 hotel rooms at a Travelodge in Tacoma, Washington on Christmas Eve and are refusing to pay, demanding the local government pay for their accommodations and turn the motel into a shelter.
KOMO News has reported that over 40 homeless people have moved into the hotel, with no plans on paying.
Shawn Randhawa, the motel operator, told KOMO News that if the occupants continue to stay, he will be forced to shut down and lay off his employees. Protests in the parking lot have driven away most of the other paying customers, Randhawa said.
“I’ll have to lock the doors. and if the city won’t kick them out, they can have it,” he said.
“I’ll shut off the water and I’m not fighting with these people. I believe there should be a law.”
A spokesperson for the Antifa group Tacoma Housing argued that they are bringing business to the hotel.
“Like most – or all – hotel owners, he’s struggling right now because of the pandemic, in fact we are bringing business to the hotel. We paid for the first night and now we’re demanding that the city and county pay for the other nights we’ve been here,” the spokesperson said in an interview with Andy Ngo.
“I’m just devastated,” Randhawa told The News Tribune.
“Because of the protest, I have nothing else. I was barely getting through this pandemic, and now this. This Christmas, the Grinch came.”
The city’s police department has said they would like to work with the Tacoma Housing organization, rather than remove the occupants by force.
“We’re trying to see if we can work out a resolution without having to take law enforcement action,” Police Chief Pete Fisher told The News Tribune.
“We’re talking about people with medical issues, cold weather that are homeless. So we are trying to work with our neighboring agencies to see what we can do in the form of relief, relief or temporary shelter.”
Randhawa said he does not feel supported by the police or the city.
Randhawa said he does not feel supported by the police or the city.
“They are keeping me hostage. No one is out to help me,” he said. “It’s complete lawlessness in the city of Fife.”
iv) Swamp commentaries)
v) King report/Courtesy of Chris Powell of GATA which includes the major swamp stories.
McConnell blocks Schumer’s bid to unanimously pass $2,000 stimulus checks
McConnell blocks Senate Democrats’ initial attempt to approve $2,000 stimulus checks amid growing pressure on GOP leader to act
McConnell instead took note of Trump’s Sunday statement that called for not only larger checks, but also new curbs on large tech companies and an investigations into the November election — andsuggested they would be dealt with in tandem. “Those are the three important subjects the President has linked together,” he said. “This week the Senate will begin a process to bring these three priorities into focus.”… https://www.washingtonpost.com/powerpost/stimulus-checks-senate/2020/12/29/344fa850-49d9-11eb-839a-cf4ba7b7c48c_story.html
Apple’s longtime supplier accused of using forced labor in China
New documents show Lens Technology, which makes iPhone glass and is owned by China’s richest woman, received Uighur Muslim laborers transferred from Xinjiang.
Lens also supplies Amazon and Tesla, according to its annual report…Lens Technology is one of at least five companies connected to Apple’s supply chain that have now been linked to alleged forced labor from the Xinjiang region, according to human rights groups…
https://www.washingtonpost.com/technology/2020/12/29/lens-technology-apple-uighur/
New York Bans Most Evictions as Tenants Struggle to Pay Rent
The Legislature, addressing hardship caused by the pandemic, convened an unusual special session between Christmas and New Year’s to pass the measure.
1.2 million New York households are currently at risk of being removed from their homes, according to a database maintained by Stout, a consulting firm. For eviction cases that are already working their way through the courts, the law will halt proceedings for at least 60 days. Landlords would not be allowed to begin new eviction proceedings until at least May 1… [How will landlords pay existing mortgages?]
https://www.nytimes.com/2020/12/28/nyregion/new-york-eviction-ban.html
@WW_NEWS_: Deaths in the USA over the years…
2010: 2.5M
2011: 2.5M
2012: 2.5M
2013:2.6M
2014: 2.6M
2015: 2.7M
2016: 2.7M
2017: 2.8M
2018: 2.8M
2019: 2.9M
2020: 2.5M (as of November)
Where is the massive spike (from all the Covid deaths)?
WSJ: Beijing’s Bigger Honey Trap [How many US pols have China ‘trapped’?]
Eric Swalwell and Hunter Biden are only the tip of the Chinese influence iceberg.
Their cases are only a microcosm of what Secretary of State Mike Pompeo complains is anall-out Chinese Communist Party effort “to make Americans receptive to Beijing’s form of authoritarianism.” China does this on multiple fronts, often masquerading under the banner of “friendship” associations. But the agenda is always the same: to use whatever tools it has to mute opposition to China.
For the business sector, the pitch is simple: Come, there’s money to be made—so long as no one brings up human rights… American campuses are a particularly soft target…
https://www.wsj.com/articles/beijings-bigger-honey-trap-11609196173?reflink=share_mobilewebshare
@RobertCahaly: Our new @trafalgar_group 2020 GASen Runoff poll (12/23-27) shows a lead shift after the week of the stimulus bill: Runoff 50.4% @Ossoff, 47.7% @PerdueSenate,1.9% Und; Runoff (special) 49.6% @ReverendWarnock 48.8%, @KLoeffler,1.6% Und; See Report: https://thetrafalgargroup.org/news/ga-sen-122
@RobertCahaly: Turns out, GOP Senators not immediately backing Trump’s call to raise the payments from $600 to $2k the day before Christmas Eve isn’t something swing voters like very much.
The Trafalgar poll shift for Georgia is circulating around the Street this evening. We have received some emails about it. If Dems win both seats, the Senate will be 50-50 with Kamala Harris casting tiebreaker votes. Hello tax hikes! This development could unleash significant selling over the next few sessions.
DEPRESSING NEWS FROM GEORGIA
There is growing tension among many elected officials over what exactly happened in November, and who, if anyone, is to blame. This continued fighting (Georgia GOP vs Secretary of State, POTUS vs. Governor, etc) has led to a lot of Republicans telling me they are not going to vote in January. It seems to be some sort of righteous protest on their part—wanting to teach Republicans a lesson for either a) not doing enough to change election procedures for the January election or b) not doing enough to “fight for Trump”. In fact, Democrats have placed billboards all over metro Atlanta stating “Loeffler and Perdue didn’t fight for Trump, don’t fight for them.”… https://www.powerlineblog.com/archives/2020/12/depressing-news-from-georgia.php
Top federal prosecutor resigns after Pennsylvania election fraud investigation
@charliekirk11: A federal judge just blocked two Georgia counties from purging their voter rolls of potentially ineligible, out-of-state, or dead voters. The judge’s name? Stacey Abrams’ SISTER—Leslie Abrams Gardner. You can’t make this up!
Ex-W Bush Pres Sec @AriFleischer: This makes no sense. A judge (sister of Stacey Abrams) ruled that when someone tells the US Postal Service they have moved they still can vote from their old address.
Stacey Abrams is the Democrat that lost the Georgia Gubernatorial race in 2018; but insisted that she won. Since then, she has mobilized forces to ‘get out vote’, particularly mail-in votes. She reportedly cut a deal with GOP Governor Kemp to ignore Georgia laws in regard to mail-in voting and other voting standards. Of course the MSM is mum. But where is the GOPe?
Georgia Judge Who Also Is Stacy Abrams’ Sister BLOCKS Elections Officials from Challenging Voters Who Live Outside of Registered District!
McEnany says Georgia’s GOP governor ‘is Stacey Abrams’ in latest attack on Kemp
“She did this consent decree, and by not doing this, Governor Kemp is Stacey Abrams and that is despicable,” she added, referencing a legal settlement that Trump and his allies have falsely claimed prevents the verification of ballot signatures…
@CodeMonkeyZ: Why was Stacy Abrams invited to attend the 2019 Bilderberg meeting in Switzerland?
https://bilderbergmeetings.org/press/press-re
Over three quarters in new poll support mandatory photo ID to vote in person
Majorities in every surveyed demographic feel that way.
Trump ends Obama’s 12-year run as most admired man: Gallup
Eighteen percent of the survey’s respondents named Trump as their most admired man, compared to 15 percent who named Obama and 6 percent who named President-elect Joe Biden… [How did DJT lose the election to Joe?] https://thehill.com/homenews/administration/531906-trump-ends-obamas-12-year-run-as-most-admired-man-gallup
Joe Biden refers to Kamala Harris as ‘president-elect’ [Freudian slip, again] https://trib.al/zzmKYwR
Senate Investigation Finds Obama Admin Knowingly Funded al-Qaeda Affiliate
The investigation was sparked by a July 2018 National Review article in which Sam Westrop, the director of the Middle East Forum’s Islamist Watch, detailed MEF’s findings that the Obama administration had approved a “$200,000 grant of taxpayer money to ISRA.”…
https://www.yahoo.com/news/senate-investigation-finds-obama-admin-201648458.html
“The media’s the most powerful entity on earth. They have the power to make the innocent guilty and to make the guilty innocent, and that’s power. Because they control the minds of the masses.” – Malcom X
“If you’re not careful, the newspapers will have you hating the people that are being oppressed, and loving the people who are doing the oppressing.” — Malcolm X
Well that is all for today
I will see you THURSDAY night.
Happy New Year!
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You choice to force people to listen to politically biased and incorrect medical advice renders todays issue virtually un readable. Stick with financial news and knock off the conspriracy theory bull shit, you are losing readers
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