DEC 31//OTC AND LMBA GOLD OPTION EXPIRED TODAY: GOLD UP $1.45//SILVER DOWN 16 CENTS..INITIAL GOLD TONNAGE FOR JAN 3.651 TONNES/SILVER JAN SILVER STANDING: 4.745 MILLION OZ//CORONAVIRUS UPDATES ACROSS THE GLOBE//BITCOIN HITS 29,000 PER COIN//TRUMP DECLASSIFIES DOCUMENTS (INTELLIGENT REPORTS) ON CHINA’S BOUNTIES TO ATTACK USA INTERESTS IN AFGHANISTAN/USA JOBLESS CLAIMS STILL SHOW UP TO 20 MILION RECEIVEING BENEFITS//ELECTION COMMENTARIES//SWAMP STORIES + A STORY ON SETH RICH//

GOLD::$1891.70 UP   $1.45   The quote is London spot price

Silver:$26.27 DOWN $0.16   London spot price GOLD( cash market)

Closing access prices:  London spot

i)Gold : $1898.00  LONDON SPOT  4:30 pm

ii)SILVER:  $26.34//LONDON SPOT  4:30 pm

.

DONATE

Click here if you wish to send a donation. I sincerely appreciate it as this site takes a lot of preparation.

EXECUTIVE ORDER 13848

THIS EMERGENCY DECLARATION IS STILL IN EFFECT!!!!
Sept 12.2018
“I, DONALD J. TRUMP, President of the United States of America, find that the ability of persons located, in whole or in substantial part, outside the United States to interfere in or undermine public confidence in United States elections, including through the unauthorized accessing of election and campaign infrastructure or the covert distribution of propaganda and disinformation, constitutes an unusual and extraordinary threat to the national security and foreign policy of the United States. Although there has been no evidence of a foreign power altering the outcome or vote tabulation in any United States election, foreign powers have historically sought to exploit America’s free and open political system. In recent years, the proliferation of digital devices and internet-based communications has created significant vulnerabilities and magnified the scope and intensity of the threat of foreign interference, as illustrated in the 2017 Intelligence Community assessment. I hereby declare a national emergency to deal with this threat.”

DONATE

Click here if you wish to send a donation. I sincerely appreciate it as this site takes a lot of preparation.

COMEX DATA

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

receiving today: 43/722

EXCHANGE: COMEX
CONTRACT: JANUARY 2021 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,891.000000000 USD
INTENT DATE: 12/30/2020 DELIVERY DATE: 01/04/2021
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
118 H MACQUARIE FUT 62
159 C ED&F MAN CAP 1
355 C CREDIT SUISSE 2
365 H ED&F MAN CAPITA 17
624 H BOFA SECURITIES 154
657 C MORGAN STANLEY 37 67
657 H MORGAN STANLEY 276
661 C JP MORGAN 292 43
690 C ABN AMRO 337
732 C RBC CAP MARKETS 9
737 C ADVANTAGE 44
800 C MAREX SPEC 5
880 C CITIGROUP 4
905 C ADM 94
____________________________________________________________________________________________

TOTAL: 722 722
MONTH TO DATE: 722

ISSUED 292

GOLDMAN SACHS STOPPED 0 CONTRACTS.

TOTAL NUMBER OF NOTICES FILED TODAY:   722 NOTICES FOR 72,200 OZ  (2.2457 TONNES)

TOTAL NUMBER OF NOTICES FILED SO FAR:  30,089 NOTICES FOR 3,008,900 OZ  (93.589 tonnes) 

SILVER//JAN CONTRACT

461 NOTICE(S) FILED TODAY FOR 2,305,000  OZ/

total number of notices filed so far this month: 461 for 2,305,000  oz

BITCOIN MORNING QUOTE  $29,062   UP 307

BITCOIN AFTERNOON QUOTE.  :$28,744  UP 1275 DOLLARS .

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

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 $1.45 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 DOWN 16 CENTS TODAY: AND WITH NO SILVER AROUND:

NO CHANGE IN SILVER INVENTORY AT THE SLV//

INVENTORY RESTS AT :

SLV: 557.043  MILLION OZ./

XXXXXXXXXXXXXXXXXXXXXXXXX

Let us have a look at the data for today

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

IN SILVER THE COMEX OI ROSE BY A  STRONG SIZED 1738 CONTRACTS FROM 170,057 UP TO 171,795, AND CLOSER TO OUR NEW RECORD OF 244,710, (FEB 25/2020. THE STRONG GAIN IN COMEX OI  OCCURRED WITH OUR RISE  OF $0.29 IN SILVER PRICING AT THE COMEX. IT SEEMS THAT THE GAIN IN COMEX OI IS  DUE TO CONSIDERABLE BANKER AND ALGO SHORT COVERING, COUPLED AGAINST A SMALL EXCHANGE FOR PHYSICAL. WE  HAD ZERO LONG LIQUIDATION,AND A STRONG INITIAL STANDING IN SILVER OUNCES  STANDING AT THE COMEX FOR JAN. WE HAD A STRONG SIZED GAIN IN OUR TWO EXCHANGES OF 2307 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:  519, AS WE HAD THE FOLLOWING ISSUANCE:   DEC:  0, MARCH 519 FOR ZERO ALL  OTHER MONTHS  AND THEREFORE TOTAL ISSUANCE  519 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 FINAL STANDING FOR DEC.

4.745 MILLION INITIAL STANDING FOR JAN 2021

WEDNESDAY, AGAIN OUR CROOKS USED COPIOUS PAPER IN ORDER TO LIQUIDATE SILVER’S PRICE…AND THEY WERE UNSUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT ROSE $0.29) ).. AND, OUR OFFICIAL SECTOR/BANKERS WERE   SUCCESSFUL IN THEIR ATTEMPT TO FLEECE SOME  SILVER LONGS AS WE HAD A STRONG GAIN IN OUR TWO EXCHANGES (2257 CONTRACTS). NO DOUBT THE GAIN IN OI ON THE TWO EXCHANGES WAS DUE TO i) CONSIDERABLE BANKER/ STRONG ALGO SHORT COVERING.  WE ALSO HAD  ii)  A SMALL ISSUANCE OF EXCHANGE FOR PHYSICALS 2) A CONSIDERABLE INITIAL STANDING FOR IN SILVER OZ STANDING FOR JAN, iii) STRONG COMEX OI GAIN AND iv) ZERO  LONG LIQUIDATION. YOU CAN BET THE FARM THAT OUR BANKERS  ARE DESPERATE TO LIQUIDATE THEIR HUGE SHORT POSITIONS IN SILVER..

We have now switched to SILVER for our spreaders!!

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

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

SPREADING OPERATION FOR OUR NEWCOMERS:

FOR NEWCOMERS, HERE ARE THE DETAILS:

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

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

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

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

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

.

AS I HAVE MENTIONED IN PREVIOUS COMMENTARIES:

“AS YOU WILL SEE, THE CROOKS WILL NOW SWITCH TO 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:

17,638 CONTRACTS (FOR 22 TRADING DAY(S) TOTAL 17,638 CONTRACTS) OR 88.190 MILLION OZ: (AVERAGE PER DAY 802 CONTRACTS OR 4.01 MILLION OZ/DAY)

TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER:  SO FAR THIS MONTH OF DEC: 88.190 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:          1,662.50 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:                    88.190 MILLION OZ (ESCALATING IN NUMBERS AGAIN  )

RESULT: WE HAD A STRONG SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 1738, WITH OUR  $0.29 GAIN IN SILVER PRICING AT THE COMEX //WEDNESDAY.…THE CME NOTIFIED US THAT WE HAD A SMALL SIZED EFP ISSUANCE OF 184 CONTRACTS WHICH  EXITED OUT OF THE SILVER COMEX  TO LONDON  AS FORWARDS.

TODAY WE GAINED A STRONG  SIZED 2257 OI CONTRACTS ON THE TWO EXCHANGES  (WITH OUR  $0.29 LOSS IN PRICE)//

THE TALLY//EXCHANGE FOR PHYSICALS

i.e  519 OPEN INTEREST CONTRACTS HEADED FOR LONDON  (EFP’s) TOGETHER WITH A STRONG SIZED INCREASE OF 1738 OI COMEX CONTRACTS. AND ALL OF THIS DEMAND HAPPENED WITH OUR  $0.29 RISE IN PRICE OF SILVER/AND A CLOSING PRICE OF $26.43 // WEDNESDAY’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 JAN  DELIVERY MONTH/ THEY FILED AT THE COMEX: 461 NOTICE(S) FOR 2,305,000 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 GOOD SIZED 4309 CONTRACTS TO 561,052 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 $13.30 /// COMEX GOLD TRADING//WEDNESDAY.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  (7969 CONTRACTS). WE  HAVE A STRONG INITIAL SIZED  AMOUNT OF GOLD STANDING FOR DELIVERY IN JANUARY(GOLD STANDING JAN. AT 3.651 TONNES) .THIS ALL HAPPENED WITH OUR RISE IN PRICE OF $13.30. 

.

WE HAD A VOLUME OF 0    4 -GC CONTRACTS//OPEN INTEREST  2//

WE HAD A GOOD SIZED GAIN OF 7640 CONTRACTS   ON OUR TWO EXCHANGES..

E.F.P. ISSUANCE

THE CME RELEASED THE DATA FOR EFP ISSUANCAND IT TOTALED A SMALL/FAIR SIZED 3331 CONTRACTS:

CONTRACT .  FEB: 3331  AND DEC ’21: 0 ALL OTHER MONTHS ZERO//TOTAL: 3331.  The NEW COMEX OI for the gold complex rests at 560,723. 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 7640 CONTRACTS: 4309 CONTRACTS INCREASED AT THE COMEX AND 3331 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS  TOTAL OI GAIN//TWO EXCHANGES OF 7640 CONTRACTS OR 23.76 TONNES.

CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES:

WE HAD A SMALL/FAIR SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (3331) ACCOMPANYING THE GOOD SIZED GAIN IN COMEX OI  (4,309 OI): TOTAL GAIN IN THE TWO EXCHANGES: 7640 CONTRACTS. WE NO DOUBT HAD  1)  SOME BANKER SHORT COVERING AND SOME ALGO SHORT COVERING ,2 STRONG INITIAL GOLD   STANDING AT THE GOLD COMEX FOR THE FRONT JAN. MONTH AT 3.651 TONNES3)  ZERO LONG LIQUIDATION ;4) GOOD COMEX OI GAIN,  5) FAIR/SMALL SIZED ISSUANCE OF EXCHANGE FOR PHYSICAL….ALL OF THIS OCCURRED WITH  OUR GAIN IN GOLD PRICE TRADING/WEDNESDAY//$13.30.

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

HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS IN 2020 INCLUDING TODAY

DEC.

ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF DEC : 48,137 CONTRACTS OR 4,813,700 oz OR 149.72 TONNES (22 TRADING DAY(S) AND THUS AVERAGING: 2188 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE  SIZE OF THESE EFP TRANSFERS :  THIS MONTH IN 22 TRADING DAY(S) IN  TONNES: 149.72  TONNES

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

THUS EFP TRANSFERS REPRESENTS 149.72/3550 x 100% TONNES =4,21% 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:      FINAL        149.72 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, ROSE BY A STRONG SIZED 1738 CONTRACTS FROM 170,129 UP TO 171,795 AND CLOSER TO OUR COMEX RECORD //244,710(SET FEB 25/2020).  THE LAST RECORDS WERE SET  IN AUG.2018 AT 244,196 WITH A SILVER PRICE OF $14.78/(AUGUST 22/2018)..THE PREVIOUS RECORD TO THAT WAS SET ON APRIL 9/2018 AT 243,411 OPEN INTEREST CONTRACTS WITH THE SILVER PRICE AT THAT DAY: $16.53). AND PREVIOUS TO THAT, THE RECORD  WAS ESTABLISHED AT: 234,787 CONTRACTS, SET ON APRIL 21.2017 OVER  2 3/4 YEARS AGO.  THE PRICE OF SILVER ON THAT DAY: $17.89.

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

EFP ISSUANCE 519 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:  519  ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 519 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON.  IF WE TAKE THE  COMEX OI GAIN OF 1738 CONTRACTS TO THE 519 OI TRANSFERRED TO LONDON THROUGH EFP’S,  WE OBTAIN A  GAIN OF 2257 OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES. THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES 11.285 MILLION  OZ, OCCURRED WITH OUR $0.29 RISE IN PRICE///

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

(report Harvey)

2 ) Gold/silver trading overnight Europe, Goldcore

(Mark O’Byrne/zerohedge

3. ASIAN AFFAIRS

i)THURSDAY MORNING/ WEDNESDAY NIGHT: 

SHANGHAI CLOSED UP 58.62 PTS OR 1.72%   //Hang Sang CLOSED UP 84.02 ;PTS OR .31%    /The Nikkei closed DOWN 123.98 POINTS OR 0.45%//Australia’s all ordinaires CLOSED DOWN 1.33%

/Chinese yuan (ONSHORE) closed DOWN AT 6.5406 /Oil DOWN TO 47.96 dollars per barrel for WTI and 51.02 for Brent. Stocks in Europe OPENED ALL RED//  ONSHORE YUAN CLOSED DOWN AGAINST THE DOLLAR AT 6.5406. OFFSHORE YUAN CLOSED DOWN ON THE DOLLAR AT 6.5043 TRADE TALKS STALL//YUAN LEVELS //TRUMP INITIATES A NEW 25% TARIFFS FRIDAY/MAY 10/MAJOR PROBLEMS AT HUAWEI /CFO ARRESTED//CORONAVIRUS/PANDEMIC/TRUMP TESTS POSITIVE FOR COVID 19  : /ONSHORE YUAN TRADING BELOW LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING WEAKER AGAINST USA DOLLAR/OFFSHORE YUAN TRADING WEAKER AGAINST THE DOLLAR /TRADE DEAL NOW DEAD..TRUMP  RAISED RATES TO 25%

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

GOLD

LET US BEGIN:

THE TOTAL COMEX GOLD OPEN INTEREST ROSE BY BY A GOOD SIZED 4309 CONTRACTS TO 560,723 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  GAIN OF $13.30 IN GOLD PRICING TUESDAY’S COMEX TRADING/).

 WE HAD A SMALL/FAIR EFP ISSUANCE (3331 CONTRACTS).  WE THUS HAD  1)  SOME BANKER SHORT COVERING// ALGO SHORT COVERING//,  2)  ZERO LONG LIQUIDATION  AND 3)  STRONG INITIAL AMOUNT IN GOLD OUNCES  STANDING AT THE  COMEX FOR JANUARY.  COMEX GOLD NOW STANDING AT 3.651 TONNES)/ 4)   AS WE ENGINEERED A GOOD SIZED GAIN ON OUR TWO EXCHANGES OF 7640 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 FAIR/SMALL SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS., THAT IS 3331 EFP CONTRACTS WERE ISSUED:   FEB// ’21 3331 AND DEC 21: 0 AND ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE: 3331  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: 7640 TOTAL CONTRACTS IN THAT 3331 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE GAINED A GOOD SIZED 4,309 COMEX CONTRACTS.. SURPRISINGLY WE HAVE A STRONG LEVEL OF JAN 2020 GOLD CONTRACTS STANDING FOR DELIVERY. ((3.651 TONNE).  IF YOU INCLUDE  NOVEMBER’S HUGE 34.7 TONNES, AND DEC. 93.589 OUR COMEX IS OFFICIALLY UNDER ASSAULT.

THE BANKERS WERE UNSUCCESSFUL IN LOWERING GOLD’S PRICE  //// (IT ROSE $13.30). AND, THEY WERE  UNSUCCESSFUL IN FLEECING ANY LONGS AS THE TOTAL GAIN ON THE TWO EXCHANGES REGISTERED  23.76 TONNES, ACCOMPANYING OUR STRONG GOLD TONNAGE STANDING FOR JAN (3.651 TONNES)

NET GAIN ON THE TWO EXCHANGES :: 7640 CONTRACTS OR 764000 OZ OR 23.76  TONNES

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

THUS IN GOLD WE HAVE THE FOLLOWING:  560,723 TOTAL OI CONTRACTS X 100 OZ PER CONTRACT = 56.07 MILLION OZ/32,150 OZ PER TONNE =  1744 TONNES

THE COMEX OPEN INTEREST REPRESENTS 1744/2200 OR 79.27% OF ANNUAL GLOBAL PRODUCTION OF GOLD.

Trading Volumes on the COMEX TODAY 77,405 contracts// volume extremely poor and falling in numbers

CONFIRMED COMEX VOL. FOR YESTERDAY:  142,326 contracts//  volume: poor//

/most of our traders have left for London

DEC 31 /2020

JAN. GOLD CONTRACT MONTH

INITIAL STANDING FOR JAN GOLD
Gold Ounces
Withdrawals from Dealers Inventory in oz nil oz
Withdrawals from Customer Inventory in oz
nil oz
Deposits to the Dealer Inventory in oz NIL oz
Deposits to the Customer Inventory, in oz 0
OZ
No of oz served (contracts) today
722 notice(s)
 72,200 OZ
(2.2457 TONNES)
No of oz to be served (notices)
452 contracts
(45,200 oz)
1.406 TONNES
Total monthly oz gold served (contracts) so far this month
722 notices
72,200 OZ
2.2457 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 deposit: nil  oz

total dealer withdrawals: nil oz

we had  0 deposit into the customer account

total customer deposit: NIL    oz

we had  0 gold withdrawals from the customer account:

total customer withdrawals:  NIL  oz

We had 0  kilobar transactions

ADJUSTMENTS: 0//

The front month of JAN registered a total of 1174 contracts for a LOSS of ONLY 102.

Thus by definition, the initial amount of gold oz  (tonnes) that will stand for delivery in this non active delivery month of January is as follows

1174 oz x 1000 oz per contract  = 117400 oz or 3.651 tonnes

 FEBRUARY GAINED  2552 contracts UP TO 407,715.

We had  722 notice(s) filed today for  72200 oz OR 2.2457 TONNES.

FOR THE JAN 2020 CONTRACT MONTH)Today, 293 notice(s) were issued from JPMorgan dealer account and  0 notices were issued from their client or customer account. The total of all issuance by all participants equates to 722  contract(s) of which  0  notices were stopped (received) by j.P. Morgan dealer and  43 notice(s) was (were) stopped/ Received) by J.P.Morgan//customer account and 0 notices received (stopped) by the squid  (Goldman Sachs)

To calculate the INITIAL total number of gold ounces standing for the JAN /2020. contract month, we take the total number of notices filed so far for the month (722) x 100 oz , to which we add the difference between the open interest for the front month of  (JAN 1174 CONTRACTS ) minus the number of notices served upon today (722 x 100 oz per contract) equals 117,400 OZ OR 3.651 TONNES) the number of ounces standing in this NON active month of JAN

thus the INITIAL standings for gold for the JAN/2021 contract month:

No of notices filed so far (722 x 100 oz  PLUS {1174 OI) for the front month minus the number of notices served upon today (722} x 100 oz which equals 117,400 oz standing OR 3.651 TONNES in this  active delivery month of December. This is a GOOD amount  standing for GOLD IN  JAN  (generally one of the weakest of all delivery months of the year). 

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. 3.651 tonnes

CALCULATION OF REGISTERED THAT CAN BE SETTLED UPON:

total registered or dealer  18,911,075.971 oz or 588.21 tonnes
total weight of pledged:  2,052,582.012 oz or 63.84 tonnes
thus:
registered gold that can be used to settle upon: 16,858,493.0  (524,36 tonnes)
true registered gold  (total registered – pledged tonnes  16,858.493.0 (524.36 tonnes)
total eligible gold:  19,245,735.951 oz (598.62 tonnes)

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.

THE DATA AND GRAPHS:

THE GOLD COMEX SEEMS TO BE  UNDER SEVERE ASSAULT FOR PHYSICAL

END
Dec 31/2020

And now for the wild silver comex results

And now for the wild silver comex results

INITIAL STANDINGS

JAN. SILVER COMEX CONTRACT MONTH//INITIAL STANDING

Silver Ounces

Withdrawals from Dealers Inventory

NIL oz
Withdrawals from Customer Inventory
602,792.083 oz
CNT
Delaware
Deposits to the Dealer Inventory
596,865.200 oz
SCOTIA
Deposits to the Customer Inventory
1,199,094.510 oz
Scotia
No of oz served today (contracts)
461
CONTRACT(S)
(2,305,000 OZ)
No of oz to be served (notices)
488 contracts
 2,440,000 oz)
Total monthly oz silver served (contracts)  461 contracts

2,305,000 oz)

Total accumulative withdrawal of silver from the Dealers inventory this month NIL oz
Total accumulative withdrawal of silver from the Customer inventory this month
We had 1 deposits into the dealer:
i) Into Scotia:  596,865.200 oz

total dealer deposits: 596,865.200       oz

i) We had 0 dealer withdrawal

total dealer withdrawals: nil oz

we had 1 deposits into the customer account (ELIGIBLE ACCOUNT)

i(Into JPMorgan:  nil )
ii) Into Scotia:  1,199,094.510 oz

JPMorgan now has 192.179 million oz of  total silver inventory or 48.460% of all official comex silver. (192.18 million/396.541 million

total customer deposits today: 1199,094.510    oz

we had 2 withdrawals:

i) Out of CNT:  600,793.947 oz

ii) Out of Delaware: 1998.136 oz

total withdrawals 602,792.083      oz

We had 2 adjustments:

i) Dealer to customer: Loomis   505,211.830 oz

ii) Customer to dealer:  Scotia:  34,944.480 oz

Total dealer(registered) silver: 150.150million oz

total registered and eligible silver:  396,541 million oz

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Jan saw a LOSS of ONLY  62 contracts DOWN to 949 contracts.

Thus by definition, the initial amount of silver that will stand in this non active month of January is as follows:

949 contacts x 5000 oz per contract =  4,745,000 oz

which is excellent for a January delivery month.

. FEBRUARY saw another gain of 23 contracts to stand at 468.  MARCH GAINED 860 contracts UP to 144,290.

The total number of notices filed today for JAN 2020. contract month is represented by 461 contract(s) FOR 2,305,000 oz

To calculate the number of silver ounces that will stand for delivery in JAN we take the total number of notices filed for the month so far at 461 x 5,000 oz = 2,305,000 oz to which we add the difference between the open interest for the front month of JAN ( 949) and the number of notices served upon today 461x (5000 oz) equals the number of ounces standing.

Thus the JAN standings for silver for the JAN/2021 contract month: 461 (notices served so far) x 5000 oz + OI for front month of DEC(949)- number of notices served upon today (461) x 5000 oz of silver standing for the NOV contract month .equals 4,745,000 oz. ..VERY STRONG FOR A NON ACTIVE  JAN MONTH.

TODAY’S ESTIMATED SILVER VOLUME 20,908 CONTRACTS // volume poor//

FOR YESTERDAY  51,236  ,CONFIRMED VOLUME// poor

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

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

end

NPV for Sprott

1. Sprott silver fund (PSLV): NAV  RISES TO- 2.58% ((DEC 31/2020)

2. Sprott gold fund (PHYS): DISCOUNT to NAV  RISES TO 0.82% to NAV:   (DEC 31/2020 )

Note: Sprott silver trust back into NEGATIVE territory at +%-/Sprott physical gold trust is back into NEGATIVE/2.58% (DEC 31)

(courtesy Sprott/GATA

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

NAV 19.95 TRADING 19.35///NEGATIVE 3.01

END

And now the Gold inventory at the GLD

DEC 31/WITH GOLD UP $1.45 TODAY: NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 1169.86 TONNES

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 31/ GLD INVENTORY 1169.86 tonnes

LAST;  975 TRADING DAYS:   +225.99 TONNES HAVE BEEN ADDED THE GLD

LAST 875 TRADING DAYS// +403.615  TONNES HAVE NOW BEEN ADDED INTO  THE GLD INVENTORY

Now the SLV Inventory

DEC 31//WITH SILVER DOWN 16 CENTS TODAY:NO CHANGE IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 557.043 MILLION OZ

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 31.2020:

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

Tyler Cowen, writing for Bloomberg notes that cryptocurrencies are not necessarily the future and he explains why

(Bloomberg/Cowen/GATA)

Tyler Cowen: Cryptocurrency is not necessarily the future

 Section: 

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

This is a very important weekend reads for all: With the dollar collapsing, Alasdair gives his outlook for the new year as the Fed is losing its grip on markets.

(Alasdair Macleod/GATA)

Alasdair Macleod: Monetary and economic outlook for 2021

 Section: 

By Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Wednesday, December 30, 2020

The most important event in the new year is likely to be the Fed losing its iron grip on markets. The dollar’s declining trend is already well established against other currencies and commodities, leading to this outcome.

Events in 2021 will be the consequence of a developing hyperinflation of the dollar. Foreign holders of dollars and dollar assets — currently totaling $27.7 trillion — are sure to increase the pace of reducing their exposure. This is a primal threat to the Fed’s policy of using quantitative easing to continually inflate assets in the name of promoting a wealth effect and continuing to finance a rapidly increasing federal government deficit by suppressing interest rates.

… 

Bubbles will then pop, leaving establishment investors exposed to a combined collapse of fiat currencies, bonds, and equity markets, which could turn out to be very rapid. The question remaining is what will replace collapsing fiat currencies: limited-issue distributed-ledger cryptos, such as bitcoin, or precious metals, such as gold.

Clearly, when the dust settles, it will be gold for no other reason that central banks already own it in their reserves and it has a long track record of success as money in the past.

This article examines the 2020 economic and financial background to likely developments in 2021 before arriving at its conclusions. …

… For the remainder of the analysis:

https://www.goldmoney.com/research/goldmoney-insights/economic-and-monet…

end

Gold and silver had their best year in a decade with the uSA dollar on the ropes

(Bloomberg news/GATA)

Gold heads for best year in a decade with dollar on the ropes

 Section: 

From Bloomberg News

Wednesday, December 30, 2020

Gold is poised to cap the biggest annual advance in a decade after a tumultuous year, with gains this month aided by the dollar’s decline to the lowest level since April 2018. Silver has surged almost 50% in 2020.

Bullion hit a record in August as investors sought haven assets amid the pandemic. The surge was buttressed by unprecedented waves of stimulus, including from the Federal Reserve, which fanned concerns of currency debasement. Holdings in bullion-backed exchange-traded funds set an all-time high in October, although they hae since ebbed with the roll-out of vaccines. …

… For the remainder of the report:

https://www.bloomberg.com/news/articles/2020-12-31/gold-heads-for-best-y…

end

Kranzler: the Fed is going nuclear on money supply and thus they will try and conceal its money supply data

(Dave Kranzler/IRD//GATA)

a must read…

Dave Kranzler: Fed starts obscuring money supply data as it prepares to ‘go Weimar’

 Section: 

11:35p ET Wednesday, December 30, 2020

Dear Friend of GATA and Gold:

The Federal Reserve is setting out to muddle and conceal U.S. money supply data, Dave Kranzler of Investment Research Dynamics writes tonight, probably in anticipation of a vast increase in money creation. Though Federal Reserve Chairman Jay Powell promised more transparency from the central bank, Kranzler writes, the Fed is hastening to reduce it.

Kranzler’s analysis is headlined “The Fed Is About to Go Weimar — Gold And Silver Will Soar” and it’s posted at IRD here:

https://investmentresearchdynamics.com/the-fed-is-about-to-go-weimar-gol…

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

iii) Other physical stories:

Bitcoin at $29,000

(zerohedge)

“Rat Poison Squared” Bitcoin Tops $29k, Surpasses Berkshire Hathaway’s Market Cap

THURSDAY, DEC 31, 2020 – 8:14

Bitcoin surged above $29,000 overnight and, despite a quick dump (that we’ve seen at each big figure break), has stabilized there as mainstream interest and trading activity soars.

Source: Bloomberg

And at $539 billion, the largest cryptocurrency surpassed the market cap yesterday of finance giant Berkshire Hathaway, the CEO of which, Warren Buffett, famously likened Bitcoin to “rat poison squared.”

image courtesy of CoinTelegraph

And while crypto may remain “rat poison” to some, CoinTelegraph’s William Suberg notes that bitcoin has posted its highest transaction volume since early 2018 as data points to more and more investors entering the market.

Figures from on-chain analytics resource Digital Assets Data highlights December 2020 as already sparking Bitcoin’s second-largest transaction volumes.

BTC transaction volume eyes record

At a total of $252.37 billion for the remaining 24 hours of December may yet take the tally further still as it rivals December 2017.

Bitcoin transaction volume 1-month chart. Source: Digital Assets Data

Other indicators, such as the size of unprocessed transactions in Bitcoin’s mempool and network transaction fees, also suggest heightened activity overall.

As Cointelegraph additionally reported, wallets containing both large and small balances also continue to increase to unprecedented levels.

Google Trends, meanwhile, has captured the highest levels of search interest in the term “Bitcoin” worldwide since February 2018.

Google search interest in “Bitcoin.” Source: Google Trends

The reason, one which is attracting attention from mainstream sources as well as seasoned crypto traders, lies in the price bull run that is continuing unabated this week.

Ether continues to outperform

Despite its 290% year-to-date returns, however, Bitcoin still pales in comparison to the performance of the largest altcoin Ether (ETH). As Digital Assets Data confirms, ETH/USD has sealed gains of almost 500% since Jan. 1. Versus the March lows, performance is even stronger.

Bitcoin vs. Ether year-to-date returns chart. Source: Digital Assets Data

In a series of tweets on Wednesday, Bobby Ong, creator of price data site Coingecko, gave his predictions for the crypto market in 2021. Among the major tokens, Ether would see a return to higher transaction fees but pass its existing all-time high from 2018.

“ETH will break past its $1,500 ATH mainly driven by DeFi. Gas fees will skyrocket again and highlight scalability issues,” he wrote.

“Most of the year will be spent coordinating on a Layer 2 scalability solution. My bet will be on ZK Rollup gaining traction towards the end of the year.”

For Bitcoin, Ong forecast a price trajectory towards $100,000, alongside the launch of a long-awaited exchange-traded fund and the first central bank adding Bitcoin to its balance sheet.

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

71671201

Spencer Platt | Getty Images

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

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

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

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

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

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

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

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

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

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

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

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

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

end

March 4.2019

Parker City News

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

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

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

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

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

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

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

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

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

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

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

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

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

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

Kovel declined to comment.

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

-END-

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

 Section: 

9:47a ET Tuesday, March 5, 2019

Dear Friend of GATA and Gold:

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

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

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

… 

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

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

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

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

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

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

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

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

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

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

* * *

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

i) Chinese yuan vs USA dollar/CLOSED DOWN AT 6.5406 /

//OFFSHORE YUAN:  6.5043   /shanghai bourse CLOSED UP AT 58.62 PTS OR 1.72%

HANG SANG CLOSED UP AT 84.02 PTS OR .31%

2. Nikkei closed DOWN 123.98 POINTS OR 0.45%

3. Europe stocks OPENED ALL RED/

USA dollar index DOWN TO 89.69/Euro FALLS TO 1.2269

3b Japan 10 year bond yield: RISES 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:: 47.96 and Brent: 51.02

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

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

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

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

3i European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund FALLS TO -.57%/Italian 10 yr bond yield DOWN to 0.55% /SPAIN 10 YR BOND YIELD DOWN TO 0.04%…ITALIAN 10 YR BOND YIELD/GERMAN BUND: 1.12: DANGEROUS FOR THE ITALIAN BANKING SYSTEM

3j Greek 10 year bond yield FALLS TO : 0.62

3k Gold at $1894.05 silver at: 26.46   7 am est) SILVER NEXT RESISTANCE LEVEL AT $30.00

3l USA vs Russian rouble; (Russian rouble DOWN 22/100 in roubles/dollar) 74.56

3m oil into the 47 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 103.08 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 .8813 as the Swiss Franc is still rising against most currencies. Euro vs SF is 1.0813 well above the floor set by the Swiss Finance Minister. Thomas Jordan, chief of the Swiss National Bank continues to purchase euros trying to lower value of the Swiss Franc.

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

3r the 10 Year German bund now NEGATIVE territory with the 10 year FALLING to 0.57%

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

4. USA 10 year treasury bond at 0.927% early this morning. Thirty year rate at 1.662%

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

6.  TURKISH LIRA:  UP  TO 7.43..

Futures Flat On Final Day Of 2020 As Bitcoin Explodes To Fresh Record

THURSDAY, DEC 31, 2020 – 7:52

US equity futures traded flat in the last trading session of the day, set to end a tumultuous year in muted fashion just shy of all time highs alongside global markets which likewise traded at or near record levels.

While global stock markets were muted on the last trading day of 2020 , Bitcoin’s tremendous rally this year refused to pause and rose another 0.3%, briefly surpassing $29,000, up about 50% for the month of December, its biggest monthly percentage gain since June 2019, bringing its year-to-date advance above 300%.

Stocks exposed to cryptocurrencies rose in pre-market trading on Thursday, suggesting the group will end a year of robust gains on a positive note.  Among notable crypto stocks, Bit Digital rose 14% before the bell, Riot Blockchain added 5.2%, and Marathon Patent added 7.4%. All three stocks have soared alongside Bitcoin’s rally since early Oct.; in the past six months, Riot has risen more than 630% while both Bit Digital and Marathon are up more than 1,000%

Back to equities, where the MSCI World Index was down on the day as gains in Asia gave way to the losses in Europe. Despite today’s weakness, the index is headed for a near 14% rise in 2020 after surging more than 60% from its March lows.

European shares fell on Thursday as lockdowns and rising COVID-19 cases overshadowed the optimism around the rollout of vaccines in the New Year, while the dollar fell to a new two-and-a-half-year low amid accelerating year-end position squaring. Trading volumes were thin, with many traders away on New Year’s Eve and major European markets closed. Where markets were open, they failed to follow their Asian peers higher. UK’s FTSE 100 fell 1.7% and France’s CAC 40 0.4%. U.S. stock futures were 0.15% lower, pointing to a weaker open on Wall Street.

Despite the recent surge, the pan-European STOXX 600, which was closed on Thursday, recorded a 3.8% drop in 2020 as a rapid surge in coronavirus cases and worries about Brexit curbed improving sentiment. Still, despite the rising COVID-19 cases and increasing unemployment, investors were betting the rollout of vaccines in 2021 will unleash an economic rebound spurred by plentiful fiscal and monetary cash.

“We still see growth slowing around the turn of the year and the recovery will still face headwinds in the coming quarters, but 2021 is shaping up to be better still than our already strong global outlook—led by a stronger U.S.,” JP Morgan economists said in a research note.
Asian stock rose on the last day of the year, heading for their fifth-straight gain and reaching a fresh record high. They were fueled by the announcement of a trade deal with the European Union and an extended rebound in Chinese internet giants. Markets were closed in several countries while a few others had abbreviated sessions. Consumer discretionary, IT and communication services were the best-performing sectors in the region, as Chinese tech giants Tencent and Meituan extended rebounds into a third day after a selloff on Monday. Chipmaker TSMC and Chinese automaker Geely were also among companies contributing the most to gains on Thursday.

Chinese stocks were the region’s biggest gainers, buoyed on the back of manufacturing data that showed an economic recovery was still on track. On Thursday, China official NBS reported that the manufacturing PMI dipped to 51.9 in December (vs consensus exp 52.0), from 52.1 in November, while the official non-manufacturing PMI also declined to 55.7 in December (vs consensus exp: 56.3), down 56.4 in November. However, both remained solidly in expansion territory.

Australia’s stocks were the region’s biggest decliner, as a surge in virus clusters in the country’s two largest cities weighed on sentiment. Singapore stocks snapped a two-day gain after two people who came back from the U.K. were found to have the new Covid-19 strain. Markets are shut in Indonesia, Japan, the Philippines, South Korea and Thailand, while Australia, Hong Kong, New Zealand and Singapore are closed.

Of note: markets barely flickered at the news that China had approved its first COVID-19 vaccine for general public use. Natixis economist Gary Ng said the limited impact on the yuan and Chinese equities showed markets had become immune to this sort of news: “For the market to react more strongly in 2021, large-scale (vaccine) rollouts with positive outcomes are needed,” he said.

Emerging-market stocks extended their rally as optimism over global vaccine rollouts put stocks on track for their best quarter since 2009. MSCI index of developing-nation equities rose 0.4%, lifted by gains for health-care and industrial shares. The gauge is up 7.4% in December, taking its yearly advance to about 16%, the best annual performance since 2017.

In rates, US Treasuries were little changed, with benchmark U.S. 10-year yields at 0.9231% and two-year yields at 0.123%, after slight cheapening at the long end during London trading, having been closed in Asia for Japan holiday. Yields were cheaper by less than 1bp at long end with 10-year steady at around 0.925%; futures volume was around 50% of 20-day average up to 7am ET, to be expected ahead of the early 2pm close for the cash market. Month-end flows may support long end into 1pm index rebalancing, however indications are that some has already taken place.

In commodities, oil prices retreated as swelling year-on-year supply led some traders to view any economic recovery ahead to be gradual rather than swift. WTI crude shed 0.48% to trade at $48.17 a barrel, far below about $62 at the start of 2020, and Brent was trading down 0.54%, at $51.35. Gold was little changed at $1,892 an ounce. It has risen 24% this year, its best showing since 2010, as investors looked to safe havens, protection against inflation and as the dollar wilted.

Among the biggest developments in markets in 2020 has been the dramatic drop in the dollar after its harrowing March ascent. On Thursday, it hit its lowest since April 2018 and is now down 7.2% against a basket of currencies, its worst annual performance since 2017. The dollar’s weakness, driven by bets that the Federal Reserve will keep interest rates very low, has helped rival currencies. The euro has been a big beneficiary and is up 10% in 2020 and was above $1.23 on Thursday.

On today’s calendar, no earnings are expected among S&P 500 members, while the only event on the economic calendar, the weekly initial jobless claims due at 8:30am, are forecast to show an increase from last

Market Snapshot

  • S&P 500 futures flat at 3,723.75
  • Brent Futures down 0.3% to $51.48/bbl
  • Gold spot unchanged at $1,894.39
  • U.S. Dollar Index down 0.05% to 89.63
  • STOXX Europe 600 down 0.3% to 398.99
  • MXAP up 0.1% to 200.11
  • MXAPJ up 0.2% to 662.90
  • Nikkei down 0.5% to 27,444.17
  • Topix down 0.8% to 1,804.68
  • Hang Seng Index up 0.3% to 27,231.13
  • Shanghai Composite up 1.7% to 3,473.07
  • Sensex up 0.03% to 47,759.19
  • Australia S&P/ASX 200 down 1.4% to 6,587.10
  • Kospi up 1.9% to 2,873.47
  • German 10Y yield rose 0.2 bps to -0.569%
  • Euro down 0.1% to $1.2284
  • Brent Futures down 0.3% to $51.48/bbl
  • Italian 10Y yield fell 1.4 bps to 0.433%
  • Spanish 10Y yield fell 0.3 bps to 0.047%

Top Overnight News

  • The European Union and China announced the political approval of an agreement to open the Chinese market further to EU investors, marking a major step in talks that began in 2013.
  • Switzerland’s central bank spent 11 billion francs ($12.5 billion) on interventions in the third quarter, adding to an every- increasing tally that got the country labeled a currency manipulator by the U.S.
  • Prime Minister Boris Johnson’s post- Brexit trade deal was approved by the U.K. Parliament less than 24 hours before the country’s final split from the European Union

US Event Calendar

  • 8:30am: U.S. Initial Jobless Claims, Dec. 26, est. 835k, prior 803k
  • 8:30am: U.S. Continuing Claims, Dec. 19, est. 5390k, prior 5337k
  • 9:45am: U.S. Bloomberg Consumer Comfort, Dec. 27, no est., prior 47.0

3A/ASIAN AFFAIRS

i)THURSDAY MORNING/ WEDNESDAY NIGHT: 

SHANGHAI CLOSED UP 58.62 PTS OR 1.72%   //Hang Sang CLOSED UP 84.02 ;PTS OR .31%    /The Nikkei closed DOWN 123.98 POINTS OR 0.45%//Australia’s all ordinaires CLOSED DOWN 1.33%

/Chinese yuan (ONSHORE) closed DOWN AT 6.5406 /Oil DOWN TO 47.96 dollars per barrel for WTI and 51.02 for Brent. Stocks in Europe OPENED ALL RED//  ONSHORE YUAN CLOSED DOWN AGAINST THE DOLLAR AT 6.5406. OFFSHORE YUAN CLOSED DOWN ON THE DOLLAR AT 6.5043 TRADE TALKS STALL//YUAN LEVELS //TRUMP INITIATES A NEW 25% TARIFFS FRIDAY/MAY 10/MAJOR PROBLEMS AT HUAWEI /CFO ARRESTED//CORONAVIRUS/PANDEMIC/TRUMP TESTS POSITIVE FOR COVID 19  : /ONSHORE YUAN TRADING BELOW LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING WEAKER AGAINST USA DOLLAR/OFFSHORE YUAN TRADING WEAKER AGAINST THE DOLLAR /TRADE DEAL NOW DEAD..TRUMP  RAISED RATES TO 25%

3 a./NORTH KOREA/ SOUTH KOREA

South Korea

b) REPORT ON JAPAN

3 C CHINA

CHINA/USA

Not good for China as Trump declassifies Intelligence report on Chinese bounties against Americans in Afghanistan

(zerohedge)

Trump Declassifies Intelligence Report On Chinese Bounties In Afghanistan

WEDNESDAY, DEC 30, 2020 – 21:20

The Trump administration is declassifying a US intelligence report that China offered to pay non-state actors in Afghanistan to attack American forces, according to Axios, citing two senior administration officials.

Amusingly, Axios prominently disclaims the intel as ‘unconfirmed’ in their headline – a word which somehow escaped the MSM’s vocabulary when a nearly identical report came out in June regarding alleged Russian bounties on American soldiers, which remains — unconfirmed.

According to the report, Trump was briefed on the ‘as-yet uncorroborated’ Chinese bounty intelligence on December 17, and discussed it with national security adviser Robert O’Brien the same day according to officials.

The U.S. has evidence that the PRC [People’s Republic of China] attempted to finance attacks on American servicemen by Afghan non-state actors by offering financial incentives or ‘bounties’” and said the National Security Council “is coordinating a whole-of-government investigation,” one official told Axios, who would not say if he was referring to the Taliban or other ‘non-state actors.’

The same person said that the Trump administration received earlier intelligence regarding “PRC weapons illicitly flowing into Afghanistan.”

The British and U.S. governments have previously complained about Chinese-made weapons being used by the Taliban.

  • The interest in Afghanistan stems in part from Beijing’s desire to prevent Chinese Muslim separatist groups from using the country as a base.
  • Afghan security officials recently discovered an alleged Chinese spy ring operating in the country apparently seeking to target Uighurs there, according to a Dec. 25 report from the Hindustan Times. -Axios

It’s unknown if members of Congress or President-elect Joe Biden have been briefed, however Biden currently has access to the President’s Daily Brief (PDB). When contacted for comment, the Chinese embassy in D.C. didn’t respond to the news outlet, while President Trump is not believed to have discussed it with Chinese President Xi Jinping. Also unclear is when the alleged bounties were offered – though the source says it happened sometime after late February after the United States struck a deal with the Taliban.

One senior official involved in the latest China discussions told Axios “Like all first reports, we react with caution to initial reports,” adding “any intel reports relating to the safety of our forces we take very seriously.”

Following up on the briefing, officials conducted a Policy Coordinating Committee (PCC) meeting to discuss the intelligence. The meeting had two objectives; gain more insight from the intelligence community to verify the initial reports, and to consult with the intelligence and defense communities involved in the force protection posture for the remaining US forces in Afghanistan.

More via Axios:

Behind the scenes: The intelligence was included in the president’s briefing on Dec. 17, and Trump was verbally briefed on the matter by National Security Advisor Robert O’Brien, officials said.

  • Administration officials across multiple agencies are currently working to corroborate the initial intelligence reports.
  • Axios was not able to visually inspect any reports detailing the intelligence. A summary was described by phone by the officials.

Why it matters: If this intelligence were to be confirmed, it would represent a dramatic strategic shift for China, and sharply escalate tensions between China and the U.S. If the intelligence does not prove accurate, it raises questions about the motivations of the sources behind it as well as the decision to declassify it.

  • China has long played a quiet diplomatic role in Afghanistan, inviting Afghan Taliban officials to Beijing to discuss plans for a peace deal and encouraging an Afghan-led solution, though Chinese-made weapons and financing have at times also flowed into the conflict there.
  • It seems “incongruous” that China would take such a provocative action in Afghanistan, Andrew Small, a senior fellow at the German Marshall Fund who specializes in China-Afghanistan affairs, told Axios.
  • Pursuing peace in Afghanistan is “one of the extremely rare areas where the US and China still have a willingness to work together on an area of importance,” Small said. “They know the drawdown is taking place. We’re not in the context where anything else needs to happen to US troops in Afghanistan. There is no reason to create additional pressure on US forces.”
END
CHINA
Finally, a main stream media, AP notes that China clamped down on COVID origins.
(zerohedge)

China’s Clampdown On COVID-19 Origins Exposed As AP Journalists Tailed, Samples Seized

THURSDAY, DEC 31, 2020 – 11:40

As the World Health Organization and other China puppets struggle to assemble a ‘natural origin’ theory for COVID-19, the CCP has been going to great lengths to quash non-sanctioned investigations that may instead point to a lab escape from research facilities which made international headlines in 2015 for dangerous ‘gain-of-function‘ research – by which they were manipulating coronaviruses to better infect humans.

‘Batwoman’ Shi Zhengli, known for bioengineering bat coronaviruses, was criticized over dangerous ‘gain-of-function’ experiments

And while mainstream news outlets spent the better part of 2019 flatly rejecting lab-origin evidence as ‘debunked conspiracy theories’ – which earned ZeroHedge a temporary Twitter ban and a plethora of social media warning labels and ‘fact checks’ (including one from a former Wuhan Lab workerthe same mainstream outlets are now finding China’s suppression of COVID-19 origin theories suspicious.

As part of their investigation, AP interviewed dozens of Chinese and foreign scientists and officials, while also reviewing leaked emails, internal data, as well as documents from China’s CDC and cabinet. And what did they find? “A pattern of government secrecy and top-down control that has been evident throughout the pandemic.”

…for scientists and journalists, it has become a black hole of no information because of political sensitivity and secrecy.

A bat research team visiting recently managed to take samples but had them confiscated, two people familiar with the matter said. Specialists in coronaviruses have been ordered not to speak to the press. And a team of Associated Press journalists was tailed by plainclothes police in multiple cars who blocked access to roads and sites in late November.

More than a year since the first known person was infected with the coronavirus, an AP investigation shows the Chinese government is strictly controlling all research into its origins, clamping down on some while actively promoting fringe theories that it could have come from outside China. –Associated Press

Let’s quickly review the world’s easiest game of connect-the-dots:

  • Peng Zhou, Wuhan Institute of Virology’s head of Bat Virus Infection and Immunization, was researching “the molecular mechanism that allows Ebola and SARS-associated coronaviruses to lie dormant for a long time without causing diseases,” while a press release from his lab was titled “How bats carry viruses without getting sick.
  • Zhou’s colleague, Shi Zhengli, has been involved in bioengineering bat coronaviruses – co-authoring a controversial 2015 paper which described the creation of a new virus by combining a coronavirus found in Chinese horseshoe bats with another that causes human-like severe acute respiratory syndrome (SARS) in mice.
  • In 2015, Nature magazine expressed concern over Zhengli’s experiments with bat coronavirus. The same year, the US governmentsuspended funding to the labdue to their concern over risks of experimenting with bat coronavirus.

Add to that China’s active suppression of lab-origin theories while their partners at the World Health Organization continue to hunt for some heretofore non-existent crossover species, and it doesn’t take Matlock to figure out that the official narrative is severely flawed.

The government is handing out hundreds of thousands of dollars in grants to scientists researching the virus’ origins in southern China and affiliated with the military, the AP has found. But it is monitoring their findings and mandating that the publication of any data or research must be approved by a new task force managed by China’s cabinet, under direct orders from President Xi Jinpingaccording to internal documents obtained by the AP. A rare leak from within the government, the dozens of pages of unpublished documents confirm what many have long suspected: The clampdown comes from the top.

As a result, very little has been made public. Authorities are severely limiting information and impeding cooperation with international scientistsAssociated Press

“What did they find?” asks Duke University epidemiologist, Gregory Gray, who oversees a lab in China studying the transmission of infectious diseases from animals to people. “Maybe their data were not conclusive, or maybe they suppressed the data for some political reason. I don’t know … I wish I did.”

Coronavirus found in horseshoe bat feces from a Yunnan cave, collected by the WIV team known for manipulating bat coronaviruses, was found to be 96.2% identical to SARS-CoV-2

Scientists familiar with China’s public health system say the CCP’s standard operating procedure of information control and censorship apply to all aspects of COVID-19 research.

“They only select people they can trust, those that they can control,” said one public health expert who works regularly with China’s CDC. “Military teams and others are working hard on this, but whether it gets published all depends on the outcome.”

According to the report, Beijing worries that investigations will also reveal that they were negligent in the spread of the virus.

Some public health experts warn that China’s refusal to grant further access to international scientists has jeopardized the global collaboration that pinpointed the source of the SARS outbreak nearly two decades ago. Jonna Mazet, a founding executive director of the UC Davis One Health Institute, said the lack of collaboration between Chinese and U.S. scientists was “a disappointment” and the inability of American scientists to work in China “devastating.”

There’s so much speculation around the origins of this virus,” Mazet said. “We need to step back…and let scientists get the real answer without the finger-pointing.” Associated Press

Steering the narrative

Now that AP has caught up and corroborated what we’ve been reporting on ad nauseam – albeit via burning their own hand on the stove – they’re also piecing together the enormous disinformation campaign employed by Beijing to try and control the narrative.

After the initial batch of COVID-19 cases were traced to the Hunan Seafood market in Wuhan, authorities began collecting samples for analysis – finding that 33 out of 585 environmental samples tested positive for the virus.

“This corona(virus) is very close to SARS,” wrote Canadian microbiologist Gary Kobinger, a WHO adviser, according to internal China CDC data obtained by AP. “If we put aside an accident … then I would look at the bats in these markets (sold and ‘wild’).

Then, “As the virus continued spreading rapidly into February, Chinese scientists published a burst of research papers on COVID-19. Then a paper by two Chinese scientists proposed without concrete evidence that the virus could have leaked from a Wuhan laboratory near the market. It was later taken down, but it raised the need for image control.”

Internal documents show that the state soon began requiring all coronavirus studies in China to be approved by high-level government officials — a policy that critics say paralyzed research efforts.

A China CDC lab notice on Feb. 24 put in new approval processes for publication under “important instructions” from Chinese President Xi Jinping. Other notices ordered CDC staff not to share any data, specimens or other information related to the coronavirus with outside institutions or individuals.

Then on March 2, Xi emphasized “coordination” on coronavirus research, state media reported.

The next day, China’s cabinet, the State Council, centralized all COVID-19 publication under a special task forceThe notice, obtained by the AP and marked “not to be made public,” was far more sweeping in scope than the earlier CDC notices, applying to all universities, companies and medical and research institutions.

The order said communication and publication of research had to be orchestrated like “a game of chess” under instructions from Xi, and propaganda and public opinion teams were to “guide publication.” It went on to warn that those who publish without permission, “causing serious adverse social impact, shall be held accountable.” Associated Press

“The regulations are very strict, and they don’t make any sense,” said one former China DCD deputy director on condition of anonymity. “I think it’s political, because people overseas could find things being said there that might contradict what China says, so it’s all being controlled.

And after thousands of samples were taken from the Hunan Seafood market, no findings were ever made public. Yet, on May 25, CDC chief Gao Fu finally broke the silence – telling China’s Phoenix TV that no animal samples from the market had tested positive, ruling out the market as the likely source of the virus despite its link to the majority of new cases in the region.

China’s government-controlled media used the theory to suggest the original outbreak in Wuhan could have started with seafood imported from abroad — a notion international scientists reject. WHO has said it is very unlikely that people can be infected with COVID-19 via packaged food, and that it is “highly speculative” to suggest COVID-19 did not start in China. Bi did not respond to requests for an interview, and China has not provided enough virus samples for a definitive analysis.

We would be remiss if we didn’t note that the now-destroyed Wet Market was located roughly 900 feet from a China CDC aboratory where they were experimenting on bat coronavirus.

Read the rest of AP‘s report here.

4/EUROPEAN AFFAIRS

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

RUSSIA/SYRIA ISRAEL/TURKEY

An outline as to what is going on inside Syria this week

(COURTESY SOUTHFRONT)

Russia Suffers Casualties In Greater Idlib; Israel Pounds Damascus Countryside

THURSDAY, DEC 31, 2020 – 3:30

By South Front,

On the morning of December 30th, warplanes of the Israeli Air Force once again carried out strikes on alleged Iranian targets in the countryside of Damascus. According to reports one person was killed and 3 others injured in the attack.

Earlier, an unidentified, unmanned aerial vehicle struck several oil tanks near the village of al-Hamran, which is located north of the town of Manbij in northern Syria. The village is situated on the contact line between territories controlled by Turkish-backed forces and the Kurdish-dominated Syrian Democratic Forces (SDF).

According to local sources, the oil tankers belonged to SDF-linked oil smugglers, who were selling oil looted from the US-controlled oil fields on the eastern bank of the Euphrates to Turkish-linked entities. This oil smuggling business sheds light on the real face of the Kurdish SDF leadership, which likes to make loud statements about its alleged patriotism and its plans to expel the Turkish Army from northern Syria.

In Idlib, three Russian service members received minor injuries as a result of an ATGM strike on their armoured vehicle, the Russian Defense Ministry reported on December 29. The report said that an armored personnel carrier of the Russian Military Police came under attack from the territory controlled by Turkish-backed militants. Russian forces, in cooperation with the Turkish military and Syrian security forces, are looking for those involved.

These developments came as the Turkish Armed Forces were working to evacuate their observation point near the town of Tell Touqan. This was one of their last remaining points within the territories, which have been liberated by the Syrian Army.

Over the past months, Turkey has withdrawn a group of its posts, which had been besieged by Syrian troops. In light of this, the recent increase in attacks by Turkish proxies along the contact line may be a part of the Turkish game aimed at demonstrating that any decrease of the Turkish military presence in Greater Idlib would lead to the deterioration of the security situation there.

6.Global Issues

A must read///Brandon Smith explains why we should not take the vaccine.  HCQ or Ivermectin will do the job of a vaccine

Brandon Smith/Alt=Mark)

COVID “Mutation” Stories Show That The Lockdowns Are Designed To Last Forever

WEDNESDAY, DEC 30, 2020 – 23:40

Authored by Brandon Smith via Alt-Market.us,

For many months now I have been warning that the design behind the pandemic lockdowns is a perpetual one; meaning, the lockdowns are MEANT to last forever. We can see this in the very commentary of the establishment elites that are pushing for the mandates; their most frequent argument being that the pandemic restrictions are the “new normal”. This assertion is outlined by globalists like Gideon Lichfield of MIT in his article ‘We’re Not Going Back To Normal’. In it he states:

“Ultimately, however, I predict that we’ll restore the ability to socialize safely by developing more sophisticated ways to identify who is a disease risk and who isn’t, and discriminating – legally – against those who are.

…one can imagine a world in which, to get on a flight, perhaps you’ll have to be signed up to a service that tracks your movements via your phone. The airline wouldn’t be able to see where you’d gone, but it would get an alert if you’d been close to known infected people or disease hot spots. There’d be similar requirements at the entrance to large venues, government buildings, or public transport hubs. There would be temperature scanners everywhere, and your workplace might demand you wear a monitor that tracks your temperature or other vital signs. Where nightclubs ask for proof of age, in future they might ask for proof of immunity—an identity card or some kind of digital verification via your phone, showing you’ve already recovered from or been vaccinated against the latest virus strains.”

In my article ‘Waves Of Mutilation: Medical Tyranny And The Cashless Society’, I dismantled Lichfield’s arguments and outlined why the controls the establishment is attempting to put in place have been planned far in advance. The so-called “great reset” and “Fourth Industrial Revolution” has been in development since at least 2014 when the terms were first being injected into the mainstream economic media. The ideas of a cashless society, the “sharing economy”, biometric mass surveillance, social credit scores, etc, have all been part of the globalist agenda for decades. The coronavirus is merely a useful crisis for them to exploit as a rationale for the draconian measures they have always wanted.

The plan was so predictable that I even pointed out at the beginning of the coronavirus outbreak that lockdowns would not end even if a working vaccination was developed because all they have to do is declare that a “new mutation” of the virus has been found which is resistant to existing treatments. Or, they could engineer a whole new virus and release it into the population in order to keep the Reset machine rolling forward.

Not surprisingly, just as news hit the wires that the barely tested and highly suspect Pfizer and Moderna vaccines were being released to the public, reports have begun to trickle in of “more infectious” Covid mutations found in places like the UK, India and South Africa.

I’m not sure how much more transparent the elites can get.

Take the Pfizer vaccine now and you might receive an immunity passport for a few months, and then it will become void with every new mutation of the virus. So, you must then submit to ENDLESS vaccinations, many of then untested and potentially hazardous. As the former VP of Pfizer and other medical professionals have warned, these vaccines are like Russian Roulette and could cause an autoimmune response that leads to sterility or other harmful reactions.

The vaccines themselves are a conveniently short lived solution even if they do work. They require multiple doses over the course of a month, and renewed vaccinations are to take place possibly every few months. Basically, it never ends. With the mutations and limited antibodies from the vaccines, the elites could keep the lockdowns and mandates in place for many years to come.

The World Health Organization is making it clear that vaccination will not necessarily be considered a solution to viral spread. Meaning, even if you are vaccinated you will still be considered a potential carrier and transmitter of Covid, therefore the lockdowns and mask mandates will not stop. This begs the question – What’s the point of the vaccine?

The WHO chief scientist cites the fact that there is not enough evidence to prove that the vaccines prevent transmission. By that logic, we could also argue that there is no evidence that the vaccines are 95% effective, or that they are safe in the slightest.

In the meantime, the WHO and our friendly neighborhood fascist Dr. Anthony Fauci are consistently spreading the narrative that the “worst outbreak” is yet to come. Gotta keep that fear train chugging forward on the track to the “Great Reset”, right?

For the people that actually believe that the covid crisis will end after mass vaccinations, I’m sorry to say, but you have been duped. Every single element of the establishment response and every public statement they make indicates that they plan to violate your civil liberties for a long time to come. Those promises of relief right around the corner? All lies. The claim that if you go along to get along everything will go back to normal? It’s a con. It is hollow rhetoric designed to make you shut up and submit to medical tyranny for just long enough that it becomes irreversible.

I suspect they are hoping they can condition the public over the next few years to simply adapt to the controls until we forget what life was like before the pandemic and the reset. It seems, however, that the globalist reset plan is not going very well.

The vaccines and the mutation news feel rushed, to say the least. Initially, the establishment said that it would take at least 18 months just to develop a vaccine for trials and testing, and that the lockdowns would continue well beyond that time frame until a majority of the population was shown to have immunity. Instead, they tossed out multiple vaccines within 6 months and the mutation narrative is already in the news.

I believe this is because resistance to the pandemic lockdowns is growing and the number of people refusing to take the vaccines appears to be high. As they say, the revolution will not be televised, but it is still impossible to hide completely.

In Europe, a huge percentage of the population (around 50% or more depending on the country) are hesitant to take the vaccine. In the US, polls show that at least 30% of the population will refuse outright, while 60% of people are hesitant about effectiveness.

Even large numbers of health care workers are refusing the vaccineand these are the people with the most pressure to submit or face consequences.

Hilariously, the media is arguing that though there have been “some allergic reactions” to the shot, there is “no evidence of serious long term side effects”. Perhaps that is because there are NO STUDIES of the long term effects and there were minimal trials before the vaccines were released? I mean, is this not basic logic? Do they really think we are that dumb?

So far it seems hundreds of millions of people are not that dumb. Surprisingly, even sheriffs and police across the country are openly refusing to enforce mandates and carry out color-of-law punishments against citizens that do not submit. This is really a huge obstacle for the globalists and their reset.

The virus has produced a 0.26% IFR (Infection Fatality Ratio) among anyone not in a nursing home with preexisting conditions. Over 40% of Covid deaths are attributed to elderly people that were already suffering from numerous ailments. Only around 10% of people that end up hospitalized for covid suffer from long term health concerns (more than three months). And, only around 15% of ICU beds are in use across the US, meaning that the claims of over-capacity and full hospitals were nothing more than fear mongering all along.

Consider the fact that hundreds of thousands of people already die each year from infectious diseases like the flu and pneumonia and Covid starts to seem far less threatening. It is certainly not an excuse for medical lockdowns and Orwellian contact tracing measures.

On top of that, numerous studies are revealing that the lockdowns and the masks are completely ineffective in stopping the spread of the virus. The states and countries with some of the most strictly enforced mandates also tend to be the places with the highest infection spikes.

Because of this, it makes sense that many people are refusing to comply with the mandates. The media claims we are conspiracy theorists that believe the virus “doesn’t exist”; this is not the case. In fact, I have long suspected that the narrative that the virus “doesn’t exist” was a psyop or strawman that would be used against the liberty movement later to discredit our resistance to medical lockdowns.

Most of us are well aware the virus exists. Some of us have already dealt with it and recovered from it. What we are saying is that the CDC, the WHO and the medical community’s OWN STATISTICS show that Covid is not a threat to more than 99% of the population. If we are to accept their stats as even remotely accurate, then Covid becomes a non-issue for most people.

Again, I will ask the question that the mainstream refuses to ask:

Why is 99% of the population being told they must sacrifice their jobs, their businesses and their liberties in the name of making less than 1% of the population feel safer? Why not ask the 0.26% of the people under threat from the virus to volunteer to stay home so that the rest of us can get on with normal life? Why are we doing the opposite of what makes the most sense?

The answer is that the pandemic response is about dominance, not public health. People are starting to recognize this, and they are about to revolt.

So, the next logical step for the establishment if they really want to institute their reset agenda is to introduce a new threat. Meaning, they need a “mutation” of the virus or a completely new virus in order to create the kind of fear that is required to manipulate the public into going along with further control.

Will a new and deadlier virus be found? Maybe. In most cases viruses tend to evolve into less deadly strains of the original. They also tend to balance out their rate of spread versus their rate of mortality. In other words, like any other creature, viruses evolve to survive, and a virus cannot survive if it kills off a majority of its potential hosts. So, they mutate to become more infectious, but invariably less deadly.

If a “mutation” does show up on the scene that is more deadly than the current form of Covid-19, then I would be highly suspicious of its origins. What is most likely is that that the elites are in a panic and they are using the mutation narrative as a propaganda tool to illicit terror and conformity in the public. There may be no mutation at all, or the mutations will have no significant bearing on the death rate.

Ironically, by rushing out the vaccines as well as the mutation stories, the elites have sabotaged themselves. They wanted to blitzkrieg the public with the lockdowns and they met heavier resistance than they expected. So, they put the vaccination program on a bullet train and now the public is wary of being injected with a vaccine model that is barely tested. Now, they are promoting the mutation bogeyman and this only makes people question why they should take any vaccine at all? If the virus is going to continually mutate then why take a questionable vaccine that could be useless in a matter of a months?

All the mutation narrative does is further expose what the true agenda is – What the elites want is never-ending lockdowns. There is no program to save lives or flatten the curve. The entire health argument is utter nonsense. Nothing that has been done so far supports the notion that public health is the priority. Instead, what we are seeing is a mad dash towards totalitarianism using Covid as the excuse, and the effort is failing.

*  *  *

If you would like to support the work that Alt-Market does while also receiving content on advanced tactics for defeating the globalist agenda, subscribe to our exclusive newsletter The Wild Bunch Dispatch.  Learn more about it HERE.

END

7. OIL ISSUES

end

8 EMERGING MARKET ISSUES

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

Euro/USA 1.2269 DOWN .0030 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 /RED

USA/JAPAN YEN 103.08 DOWN 0.047 (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 1.3663   UP   0.0034  (Brexit March 29/ 2019/ARTICLE 50 SIGNED/BREXIT FEES WILL BE CAPPED/

USA/CAN 1.2751 UP .0001 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  THURSDAY morning in Europe, the Euro FELL BY 30 basis points, trading now ABOVE the important 1.08 level FALLING to 1.2269 Last night Shanghai COMPOSITE UP 58.62 PTS OR 1.72% 

//Hang Sang CLOSED UP 84.02 PTS OR .31% 

/AUSTRALIA CLOSED DOWN 1,33%// EUROPEAN BOURSES ALL RED

Trading from Europe and Asia

EUROPEAN BOURSES ALL RED

2/ CHINESE BOURSES / :Hang Sang CLOSED UP 84.02 PTS OR .31% 

/SHANGHAI CLOSED UP 58.62 PTS OR 1.72% 

Australia BOURSE CLOSED DOWN 1.33% 

Nikkei (Japan) CLOSED DOWN 123.98  POINTS OR 0.45%

INDIA’S SENSEX  IN THE RED

Gold very early morning trading: 1893.90

silver:$26.47-

Early THURSDAY morning USA 10 year bond yield: 0.927% !!! DOWN 0 IN POINTS from WEDNESDAY’S night in basis points and it is trading WELL BELOW resistance at 2.27-2.32%.

The 30 yr bond yield 1.662 DOWN 0  IN BASIS POINTS from WEDNESDAY night.

USA dollar index early THURSDAY morning: 89.69 UP 1 CENT(S) from  WEDNESDAY’s close.

This ends early morning numbers FRIDAY MORNING

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx6

And now your closing THURSDAY 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 0   BASIS POINTS from YESTERDAY/JAPAN losing control of its yield curve/56

SPANISH 10 YR BOND YIELD: 0.04%//DOWN 0 in basis point yield from yesterday.

ITALIAN 10 YR BOND YIELD:0.54 DOWN 1 points in basis points yield from yesterday./

the Italian 10 yr bond yield is trading 50 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 1.11% 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 THURSDAY

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

Euro/USA 1.2232  DOWN     .0066 or 66 basis points

USA/Japan: 103.19 UP .064 OR YEN DOWN 7  basis points/

Great Britain/USA 1.3653 UP .0023 POUND UP 23  BASIS POINTS)

Canadian dollar UP 9 basis points to 1.2741

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

The USA/Yuan, CNY: closed UP AT 6.5306    ON SHORE  (UP)..

THE USA/YUAN OFFSHORE:  6.4987  (YUAN up)..

TURKISH LIRA:  7.43  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 WEDNESDAY at 0.917 % //trading well ABOVE the resistance level of 2.27-2.32%) very problematic USA 30 yr bond yield: 1.654 DOWN 1 in basis points on the day

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

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

London: CLOSED DOWN 95.30  1.45%

German Dax :  CLOSED DOWN 42.60 POINTS OR .31%

Paris Cac CLOSED DOWN 48.00 POINTS 0.86%

Spain IBEX CLOSED DOWN 80.70 POINTS or 0.99%

Italian MIB: CLOSED DOWN 26.45 POINTS OR 0.12%

WTI Oil price; 48.23 12:00  PM  EST

Brent Oil: 51.36 12:00 EST

USA /RUSSIAN /   RUBLE RISES:    73.97  THE CROSS LOWER BY 0.38 RUBLES/DOLLAR (RUBLE HIGHER BY 38 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 :  48.23//

BRENT :  51.36

USA 10 YR BOND YIELD: … 0.918..down 1 basis points…

USA 30 YR BOND YIELD: 1.654 down 1 basis points..

EURO/USA 1.2232 ( DOWN 66   BASIS POINTS)

USA/JAPANESE YEN:103.19 UP .064 (YEN DOWN 7 BASIS POINTS/..

USA DOLLAR INDEX: 89.90 UP 22 cent(s)/

The British pound at 4 pm   Britain Pound/USA:1.3653 UP 23  POINTS

the Turkish lira close: 7.43

the Russian rouble 73.97   UP 0.38 Roubles against the uSA dollar. (UP 38 BASIS POINTS)

Canadian dollar:  1.2741 UP 9 BASIS pts

German 10 yr bond yield at 5 pm: ,-0.57%

The Dow closed UP 196.92 POINTS OR 0.65%

NASDAQ closed UP 18.28 POINTS OR 0.14%


VOLATILITY INDEX:  22.75 CLOSED DOWN .02

LIBOR 3 MONTH DURATION: 0.237%//

USA trading today in Graph Form

$15 Trillion Cashnami Crashes Dollar In 2020, Sparks Gold’s Best Year In A Decade

Tyler Durden's Photo

BY TYLER DURDEN
THURSDAY, DEC 31, 2020 – 16:00

Global stocks added around $15 trillion in market cap in 2020 (pushing above $100 trillion for the first time ever)…

Source: Bloomberg

Which is an oddly coincidental number given that global liquidity has soared around $15 trillion in 2020

Source: Bloomberg

That kind of ‘tsunami’ hasn’t historically ended well (in the movies)…

While much of the world grappled with soaring unemployment and plunging growth, Bloomberg notes that the 0.001% benefited from an unprecedented period for wealth creation. The world’s 500 richest people added $1.8 trillion to their combined net worth in 2020 for a total of $7.6 trillion, according to the Bloomberg Billionaires Index. Equivalent to a 31% increase, it’s the biggest annual gain in the eight-year history of the index and a $3 trillion jump from the market’s nadir in March.

The dollar stands out in 2020 across asset classes but bonds and bullion outperformed…

Source: Bloomberg

The US topped China for the year with Europe lagging behind…

Source: Bloomberg

In Europe, only Germany’s DAX managed a positive year with Spain’s IBEX the biggest laggard…

Source: Bloomberg

A huge surge in November and December sent Small Caps above most of their peers in the US (from being the worst), rising over 18% in 2020 (after a 24% gain in 2019). Only Nasdaq beat them with its insane 47% rise (after a 38% rise in 2019). The Dow lagged, rising just 6.5%… NOTE – there has only been 2 down years for the S&P in the last 11 years…

Source: Bloomberg

Notice the machines went wild in the last hour, desperate to get stocks to close the year at record highs…

Tech stocks soared over 40% in 2020, after being down over 20% at the lows in March. Energy stocks suffered the biggest plunge, down over 35% in 2020 (with Financials and Utilities also in the red)…

Source: Bloomberg

Momentum ended higher on the year, but since the vaccine headlines has been a big loser…

Source: Bloomberg

Growth massively outperformed value in 2020…

Source: Bloomberg

The USDollar’s 6% drop in 2010 is the worst year since 2017 (but this misses the fact that the world’s reserve currency has collapsed by 14% from its spike highs in March)…

Source: Bloomberg

Which left the dollar right at  critical support from the 2018 lows…

Source: Bloomberg

Dollar’s collapse helped spark gold’s best year since 2010 (and new record highs above $2000 in the year)…

Source: Bloomberg

And Bitcoin screamed higher (up around 300% on the year – its best since 2017), but Ethereum was 2020’s biggest winner, up over 470%… (and Ripple’s recent collapse was among the biggest in crypto history)…

Source: Bloomberg

ETH remains well below its record high as Bitcoin soars well above its 2017 highs…

Source: Bloomberg

Of course, Cryptos surge this year is ‘definitely‘ a bubble… but TSLA’s 745% spike is ‘fundamentally-backed‘…

Source: Bloomberg

Which helped fuel the biggest short-squeeze in history…

Source: Bloomberg

But we do note that “most shorted” stocks began to retrace notably in the last week…

Source: Bloomberg

Before we move on from equity-land, we note that Tesla utterly dominated 2020, with 6.6 cents of every dollar traded on Wall Street going to the carmaker…

Treasury yields collapsed in 2020 and while the long-end did recover somewhat, it remains down 75bps on the year (the biggest yearly drop in yields since 2014)…

Source: Bloomberg

…as stocks soared higher!?

Source: Bloomberg

All yields hit record lows during the year but for us the two most notable prints of the year were 30Y below 100bps and 10Y below 50bps on March 9th…

Source: Bloomberg

Real yields crashed to record lows in 2020, plunging from a small positive to -110bps (and signaling more gains for gold)…

Source: Bloomberg

The collapse in yields leaves around $18 trillion of global negative yielding debt…

Source: Bloomberg

Silver also had its best year since 2010, rising almost 50% in 2020, while oil fell precipitously on the year, even with its recent hope-filled comeback…

Source: Bloomberg

Oil made headlines numerous times this year but its biggest moment was when the front-month traded down to a stunning -$40.32!!!

Source: Bloomberg

While gold hit new record highs, silver rallied more in 2020 but remains well below its 2011 highs…

Source: Bloomberg

Finally, this must be a sign… Taylor Swift has turned bear-ish…

And who can blame her…

Source: Bloomberg

And it appears the worst is behind us, despite the constant fearmongering…

Source: Bloomberg

a)Market trading/LAST NIGHT/USA

b)MARKET TRADING/USA//Non farm payrolls

ii)Market data/USA

Jobless numbers will remain at around 20 million Americans who are still on jobless benefits

(zerohedge)

2020 Ends With Around 20 Million Americans Still On Jobless Benefits

THURSDAY, DEC 31, 2020 – 8:33

The total number of Americans on government unemployment benefits ended 2020 just below 20 million. 2019 ended with just 2 million on jobless claims…

Source: Bloomberg

Initial claims dropped on the week, back below 800k (787k vs 835k exp and 806k prior)..

Source: Bloomberg

After big drops last week, California (and New York) top the states with the biggest increase in jobless claims (as lockdowns accelerated), while Illinois and Pennsylvania topped the biggest improvers (though Illinois’ plunge seems like a huge outlier)

Continuing claims continue to slide as Pandemic Emergency Claims rise (and thanks to the latest COVID Relief Bill, will be extended)…

Source: Bloomberg

Let’s hope 2021 gets better…

iii) Important USA Economic Stories

ELECTION CHAOS

STORY NO 1

Robert to me:

DOMINION BOMBING

Does anybody find it odd that the Dominion voting machines were moved to Nashville this past week and audited by AT&T, which just so happens to be the place where the bombing happened?

Jeffrey Prather lays out the motives, the means and the actors involved in the election fraud and in the attendant Nashville bombing. Prather is a veteran of the DEA and the 4th Psychological Operations Group in the Army Special Forces and in his judgment, and that of his colleagues, the device used in the Nashville attack was a 250 lbs Small Diameter Bomb (SDB) deployed by the MQ9 Reaper drone preferred by the CIA.

This why the air space was shut down over Nashville after the explosion.

They wouldn’t have had to shut down the air space if the RV was the cause of the explosion.

Prather says the streak seen in CCTV footage of the event comes from the missile leaving Stealth Mode and recalibrating aim and accelerating before impact and detonation.

He says the attack goes back to China, to their Special Forces and to CIA Black Hats, with their Stealth Predators and Stealth missile contractor teams.

The Motive was they wanted to stop the AT&T contract for the forensic audit of the Dominion voting machines.

Investigative journalist, Maryam Henein dug into the building’s history and found that its former owner was Cerebus Capital, a private equity group made up of Carlyle Group veterans, like William Kennard.

He was also Bill Clinton’s FCC Chairman and Obama’s Ambassador to the EU.

In December 2019, Cerebrus Capital Management acquired Dominion Voting Systems.

Cerebrus is run by Staple Street Executives.

Joe Biden’s brother-in-law, Steve Owens is the Co-Founder of Staple Street Executives, along with William Kennard.

Prather reports that the supercomputer in Tennessee was connected to the AT&T internet in Nashville and the cooling system, which uses water from the Cumberland River was compromised due to internet outage and the supercomputer was fried.

So, the explosion just happened to be at the AT&T location of the cooling system, that housed Dominion Voting Systems and hard drives for the forensic audits.

CONFEDERACY OF DUNCES

He says, “It’s a devious plan between domestic traitors in Justice and in Congress and in the Senate. That includes McConnell, whose wife’s sister is married to President Xi.

“And to tie this back to China even further, remember, I talked about Akamai early on and earlier, Sidney Powell had an affidavit from cybersecurity that the election data could be transmitted to China and the testimony pointed out that Dominion’s voting system is cooperating with Akamai, the content delivery network provider, capable of transmitting US election data to Akamai’s servers in Germany (remember the raid in Germany?) and China.”

THE STUPIDITY OF SMART TECHNOLOGY

The latest research shows that a smart device in Georgia sent US Presidential Election information to China. Election security expert, Russell Ramsland made the statement in an interview with the Epoch Times’ Simone Gao on December 24th. According to that report, a smart device in a table-making room in Georgia could communicate with the boarding server and send ballot information to China.

A Microsoft engineer has followed-up and verified this information: A smart thermostat in the room was connected to the Internet of Things, as first reported by Patrick Byrne in a video with Ann Vandersteel which has since been taken down by YouTube.

Byrne said the forensics show that a Dominion machine in a “swing state” connected to a wireless network in the thermostat and voting data was “sent to the Chinese IPs of a corporation already embroiled in scandal involving officials in that same state.”

It can be easily deduced that Byrne was referring to a machine in Georgia connecting to IPs associated with Huawei. Ron Raffensperger, the brother of Georgia Secretary of State, works as the Chief Technical Officer of Huawei Enterprise Storage Solutions, which is based in Shenzhen, China and is owned by the CCP. Byrne said, “That set of IPs and pictures, itself, documents everything we need to document.”

In addition, Jeffrey Prather reports that the Joint Terrorism Task Force (JTTF) has evidence that Georgia Governor, Brian Kemp and Secretary of State Brad Raffensperger received bribes from the Chinese government to manipulate the election result.

Prather finishes by saying, “If I can do this, so can the DOJ, so can the FBI, if they were for real. Prove me wrong, FBI! Because you’re done! You can keep saying that you’re the preeminent law enforcement organization in the world. You can say it. You can say it to each other but nobody believes it. And you guys don’t believe it anymore. You have been destroyed from within.

“CIA, same thing. You’re done. You’re finished. And our institutions are being finished. And for all you politicians that are listening to this, too: You’re destroying yourselves.

“China is not going to reward you for this in the end. They’re going to do what Communists always do. They’re going to kill off all their useful idiots. Look at history, do a country study. Prove me wrong.”

Running Time: 44 mins

https://forbiddenknowledgetv.net/stealth-wars/

end

Story no 2
While hearings were going on in Atlanta Georgia, Jovan Pulitzer breaks into the Dominion machines.
You will recall that it not internet accessible and that has been proven wrong
The vote should be tossed out.

https://www.youtube.com/watch?v=tPmw0PnrvBM

END
No 3
Arizona identify between 160,000 to 400,000 phantom ballots in their state
(Hoft/Gateway Pundit)

BREAKING: Arizona Patriots Identify Between 160,000 to 400,000 ‘Phantom’ Ballots In Their State 2020 Election Results

As we noted earlier, a group of patriots in Arizona held a presentation this evening outside the capitol in Arizona.

Arizona Patriots held the rally at the Arizona state capitol and their accounts were shocking.

An estimate by these patriots in Arizona is that between 160,000 and 400,000 ‘phantom’ ballots are present in Arizona’s 2020 election results:

TRENDING: BREAKING: “I Cannot Vote to Certify the Electoral College Results on January 6th” – MO Senator Josh Hawley Announces He Will Object to Electoral College Certification Process

A number of ordinary Americans gave their stories of what they did and what they found out.  These modern day patriots had numerous stories of voter and election fraud.  One patriot for example, looked up the addresses for individuals who were listed as voting in the election and the name connected to the address in 11 cases was ‘Unknown Voter’:

The ballots in Arizona should be investigated.  Let’s hope they are wise enough to bring in Jevon Pulitzer to perform a review of the paper ballots in Maricopa County like he is now doing in Fulton County Georgia

end

No 4

Georgia’s Senate Judiciary subcommittee unanimously pass a motion to audit  Fulton County’s absentee ballots using the method outlined by Dr Pulitzer.

(Laila/Gateway Pundit)

Georgia Senate Judiciary Subcommittee Unanimously Passes Motion to Audit Fulton County’s Absentee Ballots Using Method Outlined by Jovan Pulitzer

Members of Georgia’s Senate Judiciary Subcommittee on Elections and members of the Senate Judiciary Committee on Wednesday held a hearing to study Georgia’s Election Laws, and their past and present impact on the current Election cycle.

The star of the show on Wednesday was inventor Jovan Pulitzer.

Pulitzer explained how he could quickly audit their results using his technique of identifying fraudulent paper ballots and said he will do it for free.

Mr. Pulitzer said he has “no regard for the smoke and mirrors of how the machines work.” – IT’S ALL ABOUT THE PAPER BALLOTS.

TRENDING: BREAKING: “I Cannot Vote to Certify the Electoral College Results on January 6th” – MO Senator Josh Hawley Announces He Will Object to Electoral College Certification Process

“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 [ballot] and that physical artifact has material differences district to district that should not be there.”

Pulitzer said it would take him two hours to look at 500,000 ballots.

The Georgia State Senate Judiciary Subcomittee unanimously passed a motion to audit Fulton County’s absentee ballots with the process Pulitzer outlined during today’s hearing.

WATCH:

Watch Pulitzer explain his method to audit absentee ballots:

end

No 5

Lara Trump explains what we might see on the 6th of January

(Courtesy Gateway Pundit)

MUST-SEE: Lara Trump Lays Out the Process Next Week to Cast Aside the Fraudulent Electoral Votes Resulting in President Trump’s Victory (VIDEO)

Eric Trump’s wife, Lara Lea Trump, joined Dr. Gina Loudon on America’s Voice this week.

Lara Trump laid out the path for victory for President Donald Trump following the stolen November 3rd election.

This was another excellent interview with the amazing Lara Trump.

Lara Trump: Is there hope? Absolutely there is… The reality is the founders of this country set up a process for a time such as this. So, what will happen on January 6th is a joint session of Congress. And all of the electoral votes have now been sent to Washington DC. They will be opened by Vice President Mike Pence and read aloud for the joint session of congress. And if two House members object to the vote for Joe Biden, just two, then everybody takes a break. They split up then the Senate and the House divide. They go debate and then they ultimately have to vote to decide the outcome of this election. Now, here’s where it gets really interesting. Each senator gets one vote. Now we know, we’ve been talking about what we’ve just been talking about how important it is to hold a majority in the senate but we do right now have the majority in the senate. And don’t forget the vice president also counts as a senate vote. And then as far as the House is concerned it is each delegation. So that doesn’t mean each House member gets a vote. It’s each delegation, so each state ultimately gets a vote. So, what’s really interesting about this Dr. Gina, the Republicans are in control of 30 of those votes. The Democrats are in control of only 20. So if it comes down to a vote and the Republicans in the House and the Senate decide gosh there was so much fraud in this election. We have evidence of it. We have affidavits, thousands of them. So the campaign has gotten, we have evidence that more people voted in the state of Pennsylvania than even were registered to vote. Thousands of dead people voting. And for whatever reason they decide they will not certify this for Joe Biden and they vote for Donald Trump. Then guess what? Donald Trump remains president of the United States for the next four years.

TRENDING: BREAKING: “I Cannot Vote to Certify the Electoral College Results on January 6th” – MO Senator Josh Hawley Announces He Will Object to Electoral College Certification Process

end

no 6

(Gateway Pundit)

Lin Wood accuses John Roberts of illegally adopting two young children from Wales through Jeffrey Epstein

Mark this down in the category of “I’m skeptical but hopeful.” Why? Because I really don’t like John Roberts.

Chief Justice John Roberts has faced many accusations over the years, particularly in the last few weeks as his weak leadership of the Supreme Court has seemed to be the primary roadblock to President Trump correcting the fraudulent 2020 election. He’s been accused of working to block the President’s reelection, of traveling to Epstein Island, and of a few other things. Most of the accusations have been debunked.

A new accusation comes from attorney Lin Wood. The famed lawyer who has filed multiple lawsuits challenging the 2020 election has not been shy about sharing conspiracy theories, and this one definitely falls into the category. But if it can somehow be proven, it’s the type of bombshell that will offer lasting fodder to those who believe Roberts is corrupted by demonic forces.

“My information from reliable source is that Roberts arranged an illegal adoption of two young children from Wales through Jeffrey Epstein. I think we can all agree that Epstein knows pedophilia. If only Jeffrey Epstein was still alive . . . Wouldn’t that be something?” Wood posted on Twitter.

Much of the reason Roberts has been under so much scrutiny started long before the election. As a Bush-43 appointee, there were high hopes that he would lead the Supreme Court for decades from an originalist perspective. But that never materialized as the Chief Justice sided as often with the progressive wing of as he did with originalists. He is the reason we still have Obamacare, and many of his subsequent votes have been clearly aligned with leftist perspectives rather than constitutional ones. Is he compromised? That seems to be what Wood is insinuating.

It may just be fodder against a man who is loathed by those on both the political right and left, but it’s worth watching. If evidence can be brought to light, that truly would be something to shake the foundation of the judiciary.


end

A stunning turn of events:  Pennsylvania reports that 170,000 more votes than voters.  They will no doubt recall their electoral college voters.  The logical answer for Pennsylvania is that they cannot determine who the winner really is so they will abstain from voting.  Probably this will be the resultant action on the other 5 rogue states.

(American Thinker/James Arlandson)

Stunning turn of events in PA may lead to Trump victory

On Dec. 28, Pennsylvania lawmakers concluded that “Numbers Don’t Add Up, Certification Of Presidential Results Premature and In Error.”

President Trump tweeted about it:

Breaking News: In Pennsylvania there were 205,000 more votes than there were voters. This alone flips the state to President Trump.

The key paragraphs from the PA lawmakers’ two-page statement:

A comparison of official county election results to the total number of voters who voted on November 3, 2020 as recorded by the Department of State shows that 6,962,607 total ballots were reported as being cast, while DoS/SURE system records indicate that only 6,760,230 total voters actually voted. Among the 6,962,607 total ballots cast, 6,931,060 total votes were counted in the presidential race, including all three candidates on the ballot and write-in candidates.

The difference of 202,377 more votes cast than voters voting, together with the 31,547 over- and under-votes in the presidential race, adds up to an alarming discrepancy of 170,830 votes, which is more than twice the reported statewide difference between the two major candidates for President of the United States. On November 24, 2020, Boockvar certified election results, and Wolf issued a certificate of ascertainment of presidential electors, stating that Vice President Joe Biden received 80,555 more votes than President Donald Trump.

The PA lawmakers have done their job (so far).  Now what is the next step?  These lawmakers need to recall the slate of electors and tell the House and Senate that the election results cannot be ascertained in their state.  They should probably hold a vote that overturns the certification of the awful election.  The bottom line is that the slate of electors is not permitted to vote on Jan. 6.

This reasonable and fair action may have a domino effect on the other embattled states, whose lawmakers should follow suit.  If this happens, Trump will win in the Electoral College.  (I had erroneously stated that if no one reaches 270 votes, then the House decides.)  Instead, the Twelfth Amendment states: “[T]he votes shall then be counted[.] … The person having the greatest number of votes for President, shall be the President[.]”

But will PA’s Legislature, where the real power resides, do this?  And will the other embattled states do the same?  If so, then Trump (rightly) wins: 232 to 222.  This is the best, constitutionally speaking, and probably the only real option remaining for Trump.

Therefore, the solution is, once again, that we the people need to put maximum pressure on the heroic and truthful PA legislators to send word to the House and Senate, reminding them that the legislatures decide things, not a governor or a secretary of state.  They should even hold a vote, overturning the certification of the election.  And we need to put the same pressure on the legislatures of the other embattled states, where fraud obviously happened, to follow Pennsylvania’s lead.

Please visit James Arlandson’s website, where he has recently posted The Son of Man Claims God’s Authority to Forgive Sins on Earth (noting the Hebrew word salach) and Why Didn’t Jesus Know the Day or the Hour of His Return?

Mike Pompeo is going to put Cuba on its terrorism sponsor list and that will certainly have an effect on Biden’s (if he gets in) rapprochement

(zerohedge)

Pompeo Poised To Put Cuba On Terrorism Sponsor List To Disrupt Biden Rapprochement

WEDNESDAY, DEC 30, 2020 – 22:40

The Trump White House has on multiple foreign policy fronts of late attempted to “box in” the incoming Biden administration – limiting its ability to roll back Trump policies – particularly on Iran and China.

President Trump and Secretary of State Mike Pompeo are now poised to do the same on Cuba. This after it’s been widely reported in the past weeks that Biden’s team will seek for greater ‘normalized’ relations with the communist-run Caribbean country, which would involve rolling back current restrictions on travel, investment, and remittances.

The New York Times has cited two US officials in a report Tuesday who say the US is preparing to once again place Cuba on the state sponsor of terrorism list.

Via Miami Herald

Cuba had been formally delisted under Obama in 2015 during his attempt at rapprochement, which also saw a number of sanctions briefly removed.

A proposal for a return to naming Cuba as a ‘state sponsor’ has reportedly been prepared under the aegis of the State Department’s Bureau of Western Hemisphere Affairs, but for it to actually go through insiders say that the Counterterrorism Bureau would have to sign off.

The other major hurdle would be the timeline, given the Trump admin is now running out of time to push it through, as CNN underscores:

Whether Pompeo will approve the plan remains unknown, but a Biden administration reversal of the move could take months, the Times reported. Designation as a state sponsor of terrorism can trigger sanctions including “restrictions on U.S. foreign assistance; a ban on defense exports and sales; certain controls over exports of dual use items; and miscellaneous financial and other restrictions,” according to the State Department.

But the problem could go the other way too, as The Hill on Wednesday notes of the original NYT report, “While Biden could quickly move to remove Cuba from the list upon taking office, the Times reported that this could require a months-long formal review process.”

But this appears part of the Trump strategy to begin with: create enough massive hurdles for Biden with weeks just left as to disrupt plans to continue Obama’s policy of restored normalized relations.

Previously any positive gains in restoring relations under Obama, which included the US embassy’s reopening in Havana in 2015, were reversed when in 2017 Trump barred Americans from traveling to Cuba and other punitive economic measures.

END

LOS ANGELES

L.A has always been a mess paying civil workers huge salaries.  They now seek a $3.9 billion bailout

(Andrzejewski)

Los Angeles Seeks $3.9 Billion Bailout Despite Paying Its “Tree Surgeons” Up To $207,000

WEDNESDAY, DEC 30, 2020 – 20:20

By Adam Andrzejewski, the CEO/Founder of OpenTheBooks.com. Originally published in Forbes,

The Los Angeles area comprises the Hollywood movie studios, Beverly Hills, Muscle Beach, and a previously booming economy that trailed only New York City and Tokyo. The city is also home to powerful politicians such as U.S. Rep. Adam Schiff, Chairman of House Judiciary Committee; U.S. Rep. Maxine Waters, Chief Deputy Whip; and Mayor Eric Garcetti, the National Co-Chairman of Biden for President.

However, LA itself is in trouble. Whenever we open the books, the city consistently ranks among the worst tax and spend offenders.

Last year, there were 20,000 highly compensated city employees whose average pay exceeded $147,000 and cost taxpayers $3 billion. All of them made more than $100,000 and nearly 2,000 out-earned California Governor Gavin Newsom ($202,000).

Our auditors at OpenTheBooks.com found painters making $113,943; “tree surgeons” trimming $207,058; police officers with an arresting $325,942; legislative analysts earning $399,631; firefighters hosing down $486,674; and “harbor boat pilots” swimming in $515,000.

Mayor’s Office – Mayor Garcetti cost taxpayers $269,375 in salary – $67,000 more than Gov. Newsom. Seven “deputy mayors” earned $1.44 million with individual salaries each exceeding $200,000. Chief of staff, Ann Guerrero, made $232,205– compensation out earning the mayor of Chicago ($216,000).

Garcetti has an executive staff larger than 48 of the 50 state governors. The mayor employed 261 people last year for $20+ million in salary cost.

While permanent staff enjoy handsome salaries, Garcetti also relies on unpaid labor. Although intern positions are available in dozens of departments working on issues such as homelessness, sustainability, and immigration, those internships are not compensated.

The Police Department (LAPD) — Chief Michael Moore pulled down $590,764 last year – double dipping a $350,764 salary and a $240,000 pension. In 2018, Moore “officially” retired, but was rehired 30-days later. The golden handshake helped Moore capture a $1.27 million lump sum payout and another $170,000 check for unused sick and vacation days. Garcetti blessed the scheme.

Last year, LAPD had 14,119 employees on the payroll with cash compensation totaling $1.6 billion. 9,280 employees earned $100,000+ and 451 officers made more than $200,000. The top five police officers, sergeants, and detectives made between $300,000 and $325,000 thanks to generous overtime benefits ranging from $129,256 to $152,807.

Los Angeles Mayor Eric Garcetti (L)

The Fire Department (LAFD) — LAFD employed 3,934 last year and 3,409 made at least $100,000. Almost 30-percent of the payroll (1,128) made over $200,000. Generous overtime benefits spiked the pay: 540 employees made at least $100,000 in overtime alone. Extreme wildfires in the Los Angeles area in 2019, which continue in 2020, certainly contributed to the costs.

The top ten firefighters cost the city $4.3 million—an average of $428,307 each. Firefighter Donn Thompson took home $486,674 in pay with $359,416 in overtime. Fire captain Charles Boswell earned $481,020 in compensation with $329,991 in overtime. Fire Chief Ralph Terrazas took home $332,952—and was still out earned by 67 LAFD colleagues. The total department payroll cost was $654.6 million.

Housing and Community Investment Department—The agency aids people in poverty by administering Section 8 federal grants, rent stabilization policies, the housing code, and services to the homeless population with a 737-employee payroll costing $55 million. In 2020, the director, Rushmore Cervantes, brought home $254,937 and out earned the Secretary of U.S. Housing & Urban Development, Dr. Ben Carson, a cabinet-level position ($199,700). Furthermore, four assistant general managers earned more than $200,000.

Despite the high pay and good intentions, the number of homeless people living in LA continued to escalate. Numbers from the city’s own census show 40,000 homeless persons (2020), up 14.2 percent from last year. A voter-approved $1.2 billion bond issue in 2016 promised 10,000 new apartments for the homeless. However, the actual number of units are now projected to be around 7,600 as construction overruns and consultant fees pushed the cost of some housing units to over $700,000 apiece.

So, the problems seem to be getting much worse. Encampment complaints to city 311 reached nearly 100,000 calls in the 20 months between January 2019 and August 2020.

There are nearly 100,000 homeless encampment complaints in LA 2020

Port of Los Angeles – Last year, chief port pilots John Dwyer ($515,991) and David Flinn ($503,360) out-earned eleven senior pilots whose pay averaged $417,000. Port pilots help incoming ships navigate the harbor and are the most highly compensated public employees in the city. The LA port also has their own police force. Top paid police lieutenant Nathanael Blair made $307,530 including $104,082 in overtime pay. Seven more lieutenants earned between $212,759 and $277,314 last year.

The port authority has a public beach staffed by lifeguards from the county. Last year, 44 LA County lifeguards cost taxpayers $200,000 to $365,000 each – with free sunscreen allowance and other benefits. The agency responded to our comment request saying port pilot salaries are competitive with other ports; it is more costly to hire additional police officers compared to overtime costs; and the port does not pay or have authority over lifeguard staffing.

City Council — There are fifteen city council districts in Los Angeles. Each has an elected member charged with levying taxes, authorizing public improvements, and passing ordinances, among other duties.

Council members earn $207,000 annually – more than every member of the U.S. Congress except Speaker Nancy Pelosi ($223,500). Each office employs 22 to 36 aides. Last year, 58 city council aides took home over $100,000. Andrew Westall of Council District 10 was the top-paid aide ($193,886) and out-earned every state governor except Newsom.

Sharon Tso is the chief legislative analyst to the city council. Appointed in 2014, Tso was paid $283,000. Last year, Tso’s pay spiked to $399,631, making her the 20th top-paid city employee.

Public Works – In 2019, wastewater supervisor, James Pearl was paid-out $2.4 million from his judgement against the city. Pearl, a straight man, alleged sexual harassment from other men on the job at Public Works- Sanitation. The judge awarded Pearl $12 million. The city appealed the verdict; however, the award was affirmed.

In the Street Services division, we found 37 “tree surgeons” and supervisors made between $100,000 and $207,058 last year. Known as tree trimmers in most communities, these surgeons and their supervisors trimmed off a lot of overtime: the top eleven earned overtime pay between $45,206 and $86,306.

Top 10 “Tree Surgeon Supervisors” in LA 2019

Los Angeles’s long-term financial situation looks bleak and the city is asking Congress for a $3.9 billion “coronavirus” bailout. For example, LA has guaranteed $64.3 billion in retirement benefits to public employees.

Unfortunately, $10.7 billion in retirement benefits hasn’t been funded: pensions ($7.9 billion) and retiree healthcare ($2.8 billion). Therefore, each city taxpayer owes $4,000 just to cover the unfunded liability, according to data provided by fiscal accountability organization Truth In Accounting (2019).

Los Angeles is a progressive utopia, so well-meaning fiscal hawks are going to have to cry a lot louder – or they won’t even have a voice at the table.

NOTE: Every agency mentioned in the piece received two requests for comment.

END
The Government has a huge number of documents relating to the murder of Seth Rich including one document where Seymour Hersh admits to a conversation between Rich and Julian Assange. It is alleged THAT Rich provided the DNC documents and it was not a Russian hack
(zerohedge)

Despite Numerous FOIA Requests for Relevant Information, the NSA Is Withholding Government Documents Related to the Life and Death of Seth Rich

The National Security Agency (NSA) is reportedly holding records on Seth Rich that are at the highest level of classification.  What on earth could cause these records to be so highly classified?

Attorney Ty Clevenger reported today on the country’s continued efforts to prevent information regarding Seth Rich from being released:

The National Security Agency is hiding records about murdered Democratic National Committee employee Seth Rich, according to one of my sources, who informed me yesterday that the records are classified as a special access program (the highest level of classification) because they include intercepted communications between Mr. Rich and Wikileaks founder Julian Assange.

Meanwhile, I’ve been authorized to release the transcript of a July 15, 2020 deposition of Pulitzer-Prize-winning journalist Sy Hersh, wherein Mr. Hersh is forced to admit that he did speak with a senior intelligence official about an FBI report about Mr. Rich and Wikileaks. That contradicts much of what Mr. Hersh has said publicly since early 2017 (more on that below).

TRENDING: BREAKING: “I Cannot Vote to Certify the Electoral College Results on January 6th” – MO Senator Josh Hawley Announces He Will Object to Electoral College Certification Process

As my regular readers know, Mr. Rich was murdered in Washington, D.C. on July 10, 2016, and shortly thereafter Wikileaks published thousands of DNC emails that were very embarrassing to then-Presidential candidate Hillary Clinton. On August 9, 2016, Mr. Assange intimated that the DNC emails were obtained from Mr. Rich, not Russian hackers.

If you doubt my source, recall that three weeks ago — after three years of denials — the FBI was finally forced to admit that it had thousands of records about Mr. Rich, as well as his laptop. Meanwhile, virtually no one in official Washington has lifted a finger to help.

After years of doggedly requesting documents from the US government regarding the death of Seth Rich, earlier this month the government decided to release thousands of documents they previously denied were in existence:

Of course there are more documents.  How did  our government get so damned corrupt?

iv) Swamp commentaries)

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

McConnell rules out quick vote on House bill for $2,000 COVID-19 relief checks http://reut.rs/3o36ON5

McConnell moves to combine Trump asks in potential ‘poison pill’ for stimulus checks

The Kentucky Republican, shortly before adjourning the Senate on Tuesday afternoon, introduced a bill that would combine increased direct payments with a repeal of the online liability protections known as Section 230 and the establishment of a commission to study voter fraud…

https://www.cnn.com/2020/12/29/politics/mcconnell-poison-pill-attached-to-bill/index.html

GOP Sen. Josh Hawley @HawleyMO: Millions of voters concerned about election integrity deserve to be heard. I will object on January 6 on their behalf (Congressional Electoral Vote certification) Statement:

https://twitter.com/HawleyMO/status/1344307458085412867/photo/1

Hawley notes that Democrats objected at the Congressional Electoral Vote certification after both the 2004 and 2016 elections.

Democratic New York official allegedly filmed playing hockey after his health department closed ice rink     https://www.foxnews.com/politics/democratic-new-york-official-hockey-hypocrisy

University of Florida researchers find no asymptomatic or presymptomatic spread (of Covid)

The researchers confirmed that SARS-CoV-2 is more contagious than other coronaviruses…

https://rationalground.com/university-of-florida-researchers-find-no-asymptomatic-or-presymptomatic-spread/

People wondering why the Covid Relief Bill is stuffed with billions for foreign nations did not pay attention to the schemes of the Clintons or Bidens, especially in regard to Ukraine.  The money that the US grants to other nations is recycled into US politicians’ greedy hands/foundations as well as their family, friends and donors via contracts, grants, fees, yada, yada, yada.

Several months ago, the NYT reported that Russia paid bounties on US GIs in Afghanistan.  The usual suspects hammered Trump and called for retaliation.  The MSM and Dems believed this was a way to hurt Trump for the election.  US intel, released last night to Axios, shows it is China that offered the bounties on US GIs.  Has China bought enough US politicians, including the Bidens, and media outlets to spike the story?  How will Biden respond to this heinous act?  Will China get away with murder?

Trump administration declassifies unconfirmed intel on Chinese bounties – China offered to pay non-state actors in Afghanistan to attack American soldiers, two senior administration officials tell Axios…

https://www.axios.com/scoop-trump-admin-declassifies-unconfirmed-intel-on-chinese-bounties-84131ec6-c54f-4556-8d0f-547131a343ef.html

Congresswoman-elect @mtgreenee: Word on the Hill is that McConnell and Pelosi could be working together on a rules change “deal” to block our Electoral College Certification objection. The American people deserve to hear about the voter fraud that took place on Nov 3 … NO DEAL, NO COVER-UP!

Aide to Sen. Rand Paul @dougstafford: My wife just got a text thanking her for voting in the Georgia Senate election, and asking her to get her friends to vote. That’s interesting since she’s been a VA registered voters for 15 years and has never lived in GA.

@kylenabecker: *WE ARE IN.* “At this very moment at a polling location in the county, *NOT ONLY* do we now have access through the devices to the POLL PAD, to the system, but *WE ARE IN.*”

Georgia hearing reveals LIVE, real-time hacking of Dominion Voting Systems. *Bombshell.*

https://twitter.com/kylenabecker/status/1344355068137582592

@kylenabecker: GA State Senate Judiciary Subcommittee unanimously pass motion to audit Fulton County’s absentee ballots (see: State Vote Farm Arena).  It follows the bombshell report of the live hack of Dominion by @JovanHPulitzer & would allow him to *audit the ballots.*

Why are the Governor of Georgia and the Secretary of State, both Republicans, inhibiting investigations into vote fraud in Georgia?

Georgia’s 2018 gubernatorial race is noteworthy because it was overseen by Brian Kemp, who was then in charge of Georgia elections as secretary of state. That year, Kemp also ran for governor while overseeing his own election, a conflict of interest that he dismissed.  Kemp won a narrow victory over Democrat Stacey Abrams, but only after his office blocked 53,000 voter registration applications using a “strict” name matching protocol comparing state records to voter registration forms…

      After Kemp won, a federal judge declared that Georgia had to implement a completely new voting system in time for the 2020 elections, replacing what the judge called “unsecure, unreliable and grossly outdated technology.” Kemp tried to keep using the ES&S equipment for future elections, prompting Peach State Democrats to assert cronyism in the Kemp administration… In Georgia, it was Brad Raffensperger, a Republican who succeeded Kemp as the elections overseer, who announced Dominion Voting Systems as the new elections vendor…  https://www.rawstory.com/voting-machine/

What Denying Election Fraud Accomplishes

There is plenty of evidence strongly suggesting that the widely observed election fraud took place during the 2020 presidential elections…

    Reason 1: The election fraud–denier wanted President Trump to be removed from the Oval Office…        Reason 2: The election fraud denier-wanted a Democrat to be elected as the president…

    Reason 3: The election fraud–denier was afraid of violence that investigation of election fraud may lead to…Reason 4: The election fraud–denier wants to be “pragmatic” — that is, to accept whatever happened and go along with whatever comes out of it…Reason 5: The election-fraud denier was concerned that any serious investigation of election fraud might erode public trust in our elections…

   The Constitutional laws and processes that make this Republic have been weaponized to facilitate a grab of sweeping power by the transnational cabal that has long considered the U.S. as an obstacle to imposition of their rule over the world…

    As George Orwell wrote in 1984, “[w]e know that no one ever seizes power with the intention of relinquishing it.”  So will our future rulers not relinquish the power they grabbed with 2020 election fraud, if we let them have their way? https://www.americanthinker.com/articles/2020/12/what_denying_election_fraud_accomplishes.html

COVID-19 bill started a 180-day countdown for UFO disclosures

President Trump’s signature Sunday on the $2.3 trillion COVID-19 relief and government funding bill started a 180 day countdown for the Pentagon and spy agencies to say what they know about UFOs…

The report must address “observed airborne objects that have not been identified” and should include a “detailed analysis of unidentified phenomena data collected by: a. geospatial intelligence; b. signals intelligence; c. human intelligence; and d. measurement and signals intelligence,” the committee said.

  The report must also contain “[a] detailed analysis of data of the FBI, which was derived from investigations of intrusions of unidentified aerial phenomena data over restricted United States airspace … and an assessment of whether this unidentified aerial phenomena activity may be attributed to one or more foreign adversaries.”…

https://nypost.com/2020/12/29/covid-19-bill-started-a-180-day-countdown-for-ufo-disclosures/

WHY NOW with the UFOs?  Why has the government, over the past year or so, openly discussed UFOs and released video of US military encounters with UFOs?

Girlfriend warned Nashville police Anthony Warner was ‘building bombs’ a year ago, report shows

The FBI was notified of the report but told local authorities that “they checked their holdings and found no records on Warner at all.”…

https://www.washingtonexaminer.com/news/girlfriend-anthony-warner-nashville-building-bombs-year-ago-report

What is the point in having the FBI if they keep dropping the ball or are corrupted at the top?

We wish you a safe, healthy and cheerful New Year!

Well that is all for today

I will see you MONDAY night.

3 comments

  1. Hi Harvey,
    I find it sometimes necessary to reload your post in order to display all of it. This usually works fine, but a few minutes ago, after my browser had downloaded nearly all of the January 4 post, I pressed the reload button and was informed that the page was not found. Then I reloaded your index page, and the January 4 entry was gone. I wanted to let you know about this, especially in case something nefarious is going on.

    Best,
    Dave

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: