JAN 8//BIS BOMBING OF GOLD/SILVER

GOLD:$1836.50 DOWN   $76.70   The quote is London spot price

Silver:$24.64 DOWN $2.57   London spot price GOLD( cash market)

Closing access prices:  London spot

i)Gold : $1849.00  LONDON SPOT  4:30 pm

ii)SILVER:  $25.40//LONDON SPOT  4:30 pm

THE BOMBING TODAY WAS COURTESY OF OUR CROOKED BIS AND THEIR FIREINDLY BANKING COHORTS.

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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.”

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COMEX DATA

EXCHANGE: COMEX
CONTRACT: JANUARY 2021 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,912.300000000 USD
INTENT DATE: 01/07/2021 DELIVERY DATE: 01/11/2021
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
118 H MACQUARIE FUT 1
132 C SG AMERICAS 1
332 H STANDARD CHARTE 7
624 H BOFA SECURITIES 6
657 C MORGAN STANLEY 13 7
661 C JP MORGAN 4
661 H JP MORGAN 11
737 C ADVANTAGE 28 4
____________________________________________________________________________________________

TOTAL: 41 41
MONTH TO DATE: 1,101

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

receiving today:  15/41

ISSUED 0

GOLDMAN SACHS STOPPED 0 CONTRACTS.

TOTAL NUMBER OF NOTICES FILED TODAY:   41 NOTICES FOR 4100 OZ  (0.1275 TONNES)

TOTAL NUMBER OF NOTICES FILED SO FAR:  1101 NOTICES FOR 110,100 OZ  (3.424 tonnes) 

SILVER//JAN CONTRACT

0 NOTICE(S) FILED TODAY FOR NIL  OZ/

total number of notices filed so far this month: 611 for 3,055,000  oz

BITCOIN MORNING QUOTE  $41,147   UP  $1537

BITCOIN AFTERNOON QUOTE.  :$41,332  UP $1886 .

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

GLD AND SLV INVENTORIES:

WITH GOLD DOWN $76.70 AND NO PHYSICAL TO BE FOUND ANYWHERE:

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

A HUGE CHANGE IN GOLD INVENTORY AT THE GLD//A WITHDRAWAL OF 4.67 TONNES FROM THE GLD//

INVENTORY RESTS AT:

GLD: 1,182.11 TONNES OF GOLD//

WITH SILVER DOWN $2.57 TODAY: AND WITH NO SILVER AROUND:

NO CHANGE IN SILVER INVENTORY AT THE SLV//

INVENTORY RESTS AT :

SLV: 562.491  MILLION OZ./

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Let us have a look at the data for today

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IN SILVER THE COMEX OI ROSE BY A TINY SIZED 31 CONTRACTS FROM 175,160 UP TO 175,191, AND CLOSER TO OUR NEW RECORD OF 244,710, (FEB 25/2020. THE TINY SIZED GAIN IN COMEX OI  OCCURRED DESPITE OUR GAIN OF $0.26 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 TINY LOSS IN  SILVER OUNCES  STANDING AT THE COMEX FOR JAN. WE ALSO HAD A SMALL SIZED  GAIN IN OUR TWO EXCHANGES OF 460 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:  283, AS WE HAD THE FOLLOWING ISSUANCE:    MARCH 283 FOR ZERO ALL  OTHER MONTHS  AND THEREFORE TOTAL ISSUANCE  283 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.

4.900 MILLION INITIAL STANDING FOR JAN 2021

THURSDAY, 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 $0.26) ).. AND, OUR OFFICIAL SECTOR/BANKERS WERE  UNSUCCESSFUL IN THEIR ATTEMPT TO FLEECE ANY  SILVER LONGS AS WE HAD A SMALL GAIN IN OUR TWO EXCHANGES (234 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 SMALL LOSS STANDING FOR IN SILVER OZ STANDING FOR JAN, iii) SMALL 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..

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 JAN:

4380 CONTRACTS (FOR 5 TRADING DAY(S) TOTAL 4380 CONTRACTS) OR 21.900 MILLION OZ: (AVERAGE PER DAY 876 CONTRACTS OR 4.380 MILLION OZ/DAY)

TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER:  SO FAR THIS MONTH OF JAN: 21.900 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON. THIS REPRESENTS AROUND 0.20% OF ANNUAL GLOBAL PRODUCTION (EX CHINA EX RUSSIA)*

ACCUMULATION IN YEAR 2021 TO DATE SILVER EFP’S:          21.900 MILLION OZ.

JAN EFP ACCUMULATION SO FAR:  21.900 MILLION OZ  (INCREASING AGAIN)

RESULT: WE HAD A SMALL SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 177, WITH OUR  $0.26 GAIN IN SILVER PRICING AT THE COMEX //THURSDAY.…THE CME NOTIFIED US THAT WE HAD A SMALL SIZED EFP ISSUANCE OF 283 CONTRACTS WHICH  EXITED OUT OF THE SILVER COMEX  TO LONDON  AS FORWARDS.

TODAY WE GAINED A SMALL  SIZED 460 OI CONTRACTS ON THE TWO EXCHANGES  (WITH OUR  $0.26 GAIN IN PRICE)//

THE TALLY//EXCHANGE FOR PHYSICALS

i.e  283 OPEN INTEREST CONTRACTS HEADED FOR LONDON  (EFP’s)TOGETHER WITH A SMALL SIZED INCREASE OF 31 OI COMEX CONTRACTS. AND ALL OF THIS DEMAND HAPPENED WITH OUR  $0.26 GAIN IN PRICE OF SILVER/AND A CLOSING PRICE OF $27.42 // THURSDAY’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. 0.8770 BILLION OZ TO BE EXACT or 125% of annual global silver production (ex Russia & ex China).

FOR THE NEW JAN  DELIVERY MONTH/ THEY FILED AT THE COMEX: 0 NOTICE(S) FOR NIL OZ OF SILVER.

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

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

GOLD

IN GOLD, THE COMEX OPEN INTEREST FELL BY A SMALL SIZED 2096 CONTRACTS TO 567,167 AND FURTHER FROM  OUR  NEW RECORD (SET JAN 24/2020) AT 799,541 AND  PREVIOUS TO THAT: (SET JAN 6/2020) AT 797,110.

THE LOSS IN COMEX OI OCCURRED DESPITE OUR RISE IN PRICE  OF $5.70 /// COMEX GOLD TRADING//THURSDAY. WE  HAD CONSIDERABLE BANKER/ALGO SHORT COVERING ACCOMPANYING OUR SMALL/ SIZED EXCHANGE FOR  PHYSICAL ISSUANCE. WE HAD ZERO LONG LIQUIDATION AS WE HAD A SMALL GAIN ON OUR TWO EXCHANGES  (1747 CONTRACTS). WE  HAD A STRONG GAIN IN THE  AMOUNT OF GOLD STANDING FOR DELIVERY IN JANUARY/:(GOLD NOW STANDING JAN. AT 4.824 TONNES) .THIS ALL HAPPENED WITH OUR GAIN IN PRICE OF $5.70. 

THESE LONGS MORPHED INTO LONDON BASED FORWARDS AND RECEIVED A FIAT BONUS FOR THEIR EFFORTS.

.

WE HAD A VOLUME OF 0    4 -GC CONTRACTS//OPEN INTEREST  12//

WE HAD A STRONG SIZED GAIN OF 9825 CONTRACTS   ON OUR TWO EXCHANGES..

E.F.P. ISSUANCE

THE CME RELEASED THE DATA FOR EFP ISSUANCAND IT TOTALED A SMALL SIZED 2825 CONTRACTS:

CONTRACT .;JAN  FEB: 2825  AND APRIL 21: 0 ALL OTHER MONTHS ZERO//TOTAL: 2825.  The NEW COMEX OI for the gold complex rests at 567,167. ALSO REMEMBER THAT THERE WILL BE A DELAY IN THE ISSUANCE OF EFP’S.  THE BANKERS REMOVE LONG POSITIONS OF COMEX GOLD IMMEDIATELY.  THEN THEY ORCHESTRATE THEIR PRIVATE EXCHANGE DEAL WITH THE LONGS AND THAT COULD TAKE AN ADDITIONAL, 48 HRS SO WE GENERALLY DO NOT GET A MATCH WITH RESPECT TO DEPARTING COMEX LONGS AND NEW EFP LONG TRANSFERS. . EVEN THOUGH THE BANKERS ISSUED THESE MONSTROUS EFPS, THE OBLIGATION STILL RESTS WITH THE BANKERS TO SUPPLY METAL BUT IT TRANSFERS THE RISK TO A LONDON BANKER OBLIGATION AND NOT A NEW YORK COMEX OBLIGATION. LONGS RECEIVE A FIAT BONUS TOGETHER WITH A LONG LONDON FORWARD. THUS, BY THESE ACTIONS, THE BANKERS AT THE COMEX HAVE JUST STATED THAT THEY HAVE NO APPRECIABLE METAL!! THIS IS A MASSIVE FRAUD: THEY CANNOT SUPPLY ANY METAL TO OUR COMEX LONGS BUT THEY ARE QUITE WILLING TO SUPPLY MASSIVE NON BACKED GOLD (AND SILVER) PAPER KNOWING THAT THEY HAVE NO METAL TO SATISFY OUR LONGS. LONDON IS NOW SEVERELY BACKWARD IN BOTH GOLD AND SILVER  AND WE ARE WITNESSING DELAYS IN ACTUAL DELIVERIES.

IN ESSENCE WE HAVE A SMALL SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 729 CONTRACTS: 2096 CONTRACTS DECREASED AT THE COMEX AND 2825 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS  TOTAL OI GAIN//TWO EXCHANGES OF 729 CONTRACTS OR 2.267 TONNES.

CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES:

WE HAD A SMALL SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (2825) ACCOMPANYING THE SMALL SIZED LOSS IN COMEX OI  (2096 OI): TOTAL GAIN IN THE TWO EXCHANGES: 729 CONTRACTS. WE NO DOUBT HAD  1)  CONSIDERABLE BANKER SHORT COVERING AND SOME ALGO SHORT COVERING ,2 STRONG GAIN IN GOLD   STANDING AT THE GOLD COMEX FOR THE FRONT JAN. MONTH AT 4.637 TONNES3)  ZERO LONG LIQUIDATION ;4) SMALL COMEX OI LOSS,  5) SMALL SIZED ISSUANCE OF EXCHANGE FOR PHYSICAL….ALL OF THIS OCCURRED WITH  OUR GAIN IN GOLD PRICE TRADING/THURSDAY//$5.70.

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

We have now switched to GOLD for our spreaders!!

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

SPREADING OPERATIONS/NOW SWITCHING TO GOLD  

SPREADING OPERATION FOR OUR NEWCOMERS:

FOR NEWCOMERS, HERE ARE THE DETAILS:

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

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

HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS IN 2020 INCLUDING TODAY

JAN

ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF JAN : 27,522 CONTRACTS OR 2,752,200 oz OR 85.60 TONNES (5 TRADING DAY(S) AND THUS AVERAGING: 5504 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE  SIZE OF THESE EFP TRANSFERS :  THIS MONTH IN 5 TRADING DAY(S) IN  TONNES: 85.60  TONNES

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

THUS EFP TRANSFERS REPRESENTS 85.60/3550 x 100% TONNES =2.41% OF GLOBAL ANNUAL PRODUCTION

ACCUMULATION OF GOLD EFP’S YEAR 2021 TO DATE:  85.60 TONNES (INCREASING AGAIN)

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

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

1.Today, we had the open interest at the comex, in SILVER, ROSE BY A TINYL SIZED 31 CONTRACTS FROM 175,160 UP TO 175,191 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 TINY 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 TINY DECREASE IN  STANDING FOR SILVER  AT THE COMEX FOR JAN DELIVERY MONTH., AND 4) ZER0 LONG LIQUIDATION 

EFP ISSUANCE 283 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:  283  ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 283 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 31 CONTRACTS TO THE 283 OI TRANSFERRED TO LONDON THROUGH EFP’S,  WE OBTAIN A SMALL  GAIN OF 234 OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES. THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES 0.117 MILLION  OZ, OCCURRED WITH OUR $0.26 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)FRIDAY MORNING/ THURSDAY NIGHT: 

SHANGHAI CLOSED down 6.10 pts or .17%   //Hang Sang CLOSED up 329.70 pts or 1.20%    /The Nikkei closed UP 648.90 POINTS OR 2.36%//Australia’s all ordinaires CLOSED UP 0.63%

/Chinese yuan (ONSHORE) closed UP AT 6.4660 /Oil UP TO 51.73 dollars per barrel for WTI and 55.35 for Brent. Stocks in Europe OPENED ALL GREEN//  ONSHORE YUAN CLOSED UP AT 6.4640 AGAINST THE DOLLAR. OFFSHORE YUAN CLOSED DOWN ON THE DOLLAR AT 6.4555 TRADE TALKS STALL//YUAN LEVELS //TRUMP INITIATES A NEW 25% TARIFFS FRIDAY/MAY 10/MAJOR PROBLEMS AT HUAWEI /CFO ARRESTED//CORONAVIRUS/PANDEMIC/TRUMP TESTS POSITIVE FOR COVID 19  : /ONSHORE YUAN TRADING BELOW LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING STRONGER AGAINST USA DOLLAR/OFFSHORE YUAN TRADING STRONGER AGAINST THE DOLLAR /TRADE DEAL NOW DEAD..TRUMP  RAISED RATES TO 25%

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

GOLD

LET US BEGIN:

THE TOTAL COMEX GOLD OPEN INTEREST FELL BY BY A SMALL SIZED 2096 CONTRACTS TO 567,167 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 DECREASE OCCURRED DESPITE OUR  GAIN OF $5.70 IN GOLD PRICING THURSDAY’S COMEX TRADING/).

 WE HAD A SMALL EFP ISSUANCE (2825 CONTRACTS).  WE THUS HAD  1)  SOME BANKER SHORT COVERING// ALGO SHORT COVERING//,  2)  ZERO LONG LIQUIDATION  AND 3)  STRONG GAIN  IN GOLD OUNCES  STANDING AT THE  COMEX FOR JANUARY.  (COMEX GOLD NOW STANDING AT 4.824 TONNES)/ 4)   AS WE ENGINEERED A SMALL SIZED GAIN ON OUR TWO EXCHANGES OF 729 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 RAISES TO   12

EXCHANGE FOR PHYSICAL ISSUANCE

WE ARE NOW IN THE  ACTIVE DELIVERY MONTH OF JAN..  THE CME REPORTS THAT THE BANKERS ISSUED A GOOD SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS., THAT IS 2825 EFP CONTRACTS WERE ISSUED: JAN 0   FEB// ’21 1747 AND APRIL ’21: 0 AND ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE: 1747  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: 729 TOTAL CONTRACTS IN THAT 2825 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE LOST A SMALL SIZED 2096 COMEX CONTRACTS.. WE HAVE A STRONG LEVEL OF JAN 2021 GOLD CONTRACTS STANDING FOR DELIVERY. ((4.824 TONNES).  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 $5.70). AND, THEY WERE  UNSUCCESSFUL IN FLEECING ANY LONGS AS THE TOTAL GAIN ON THE TWO EXCHANGES REGISTERED  2.267 TONNES, ACCOMPANYING OUR STRONG GOLD TONNAGE STANDING FOR JAN (4.824 TONNES)

NET GAIN ON THE TWO EXCHANGES :: 729 CONTRACTS OR 72900 OZ OR  2.267  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:  567,167 TOTAL OI CONTRACTS X 100 OZ PER CONTRACT = 56.72 MILLION OZ/32,150 OZ PER TONNE =  1764 TONNES

THE COMEX OPEN INTEREST REPRESENTS 1764/2200 OR 80.19% OF ANNUAL GLOBAL PRODUCTION OF GOLD.

Trading Volumes on the COMEX TODAY 479,967 contracts// volume strong///huge raid//absolute fraud//bis!! 

CONFIRMED COMEX VOL. FOR YESTERDAY:

226,780 contracts//  volume: poor//

/most of our traders have left for London

JAN 8 /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
803.775 oz
MANFRA
250 KILOBARS
Deposits to the Dealer Inventory in oz 16,075.500 oz

500 KILOBARS

MANFRA

Deposits to the Customer Inventory, in oz 0
OZ
No of oz served (contracts) today
41 notice(s)
 4100 OZ
(0.1275 TONNES)
No of oz to be served (notices)
450 contracts
(45,000 oz)
1.399 TONNES
Total monthly oz gold served (contracts) so far this month
1101 notices
110,100 OZ
3.424 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 1 deposit into the dealer

i) into MANFRA;  16,075.500 oz
(500 kilobars)
total deposit: 16,075.500   oz

total dealer withdrawals: nil oz

we had  0 deposit into the customer account

total customer deposit: NIL    oz

we had  1 gold withdrawals from the customer account:

i) Out of Manfra:  803.775 oz
(250 kilobars)
total customer withdrawals: 803.775  oz

We had 2  kilobar transactions

ADJUSTMENTS: 0//

The front month of JAN registered a total of 491 contracts for a LOSS of  159. We had 249 notices filed on Thursday so we GAINED 90 contracts or AN ADDITIONAL 9,000 oz will stand for delivery in the non active delivery month of January.  LONGS refused to  morph into a London based forward as they will try their luck searching for metal on this side of the pond. This is a strong queue jump

FEBRUARY LOST 10,069 contracts DOWN TO 386,887 CONTRACTS.

MARCH LOST 68 contracts to stand at 395

APRIL added 4198 contracts to stand at 107,094

We had  41 notice(s) filed today for  4100 oz

FOR THE JAN 2020 CONTRACT MONTH)Today, 0 notice(s) were issued from JPMorgan dealer account and  0 notices were issued from their client or customer account. The total of all issuance by all participants equates to 41  contract(s) of which  4  notices were stopped (received) by j.P. Morgan dealer and 11 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 /2021. contract month, we take the total number of notices filed so far for the month (1101) x 100 oz , to which we add the difference between the open interest for the front month of  (JAN 491 CONTRACTS ) minus the number of notices served upon today (41 x 100 oz per contract) equals 155,100 OZ OR 4.824 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 (1101 x 100 oz  PLUS {491 OI) for the front month minus the number of notices served upon today (41} x 100 oz which equals 155,100oz standing OR 4.824 TONNES in this non  active delivery month of January. 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

461,317.475 oz NOW PLEDGED  SEPT 15.2020/HSBC  14.34 TONNES

69,076.803 PLEDGED  APRIL 3/2020: SCOTIA:2.148 TONNES

270,456.695 oz  JPM  8.41 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:  2,027,580.317 oz                                     63.06 tonnes

SURPRISINGLY WE HAVE BEEN WITNESSING NO REAL PHYSICAL GOLD ENTERING THE COMEX VAULTS FOR THE PAST YEAR!! ..ONLY PHONY KILOBAR ENTRIES…. WE HAVE 524.77 TONNES OF REGISTERED GOLD WHICH CAN SETTLE UPON LONGS i.e. 4.824 tonnes

CALCULATION OF REGISTERED THAT CAN BE SETTLED UPON:

total registered or dealer  18,899,181.816 oz or 587.55 tonnes
total weight of pledged:  2,027,580.317 oz or 63.06 tonnes
thus:
registered gold that can be used to settle upon: 16,871,601.0  (524,77 tonnes)
true registered gold  (total registered – pledged tonnes  16,871.601.0 (524.77 tonnes)
total eligible gold: 19,296,366.561 , oz (600.198 tonnes)

total registered, pledged  and eligible (customer) gold  38,195,518.377 oz 1,188.04 tonnes (INCLUDES 4 GC GOLD)

total 4 GC gold:   126.34 tonnes

total gold net of 4 GC:  1061.70 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
JAN 8/2021

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
422,521.310 oz
CNT
DELAWARE
MANFRA
SCOTIA
BRINKS
Deposits to the Dealer Inventory
296,709.400 oz
MANFRA
Deposits to the Customer Inventory
152,473.560. oz
BRINKS
No of oz served today (contracts)
0
CONTRACT(S)
(NIL OZ)
No of oz to be served (notices)
369 contracts
 1,845,000 oz)
Total monthly oz silver served (contracts)  611 contracts

3,055,000 oz)

Total accumulative withdrawal of silver from the Dealers inventory this month NIL oz
Total accumulative withdrawal of silver from the Customer inventory this month
We had 0 deposits into the dealer:
i) Into MANFRA:  296,707.400 oz

total dealer deposits: 296,709/400        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:  0
ii) Into BRINKS: 152,473.560 oz

JPMorgan now has 192.769 million oz of  total silver inventory or 48.61% of all official comex silver. (192.769 million/396.471 million

total customer deposits today: 152,473.560    oz

we had 5 withdrawals:

i) Out of Delaware: 5,174.452 oz
ii) Out of Brinks  101,450.01
iii) Out of CNT: 5174.452
iv) Scotia 262,195.7000 oz
v) Out of Manfra:  50,060.000 oz ???

total withdrawals  422,821.310       oz

We had 0 adjustments:

Total dealer(registered) silver: 150.446million oz

total registered and eligible silver:  396.471 million oz

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Jan saw a LOSS of  72contracts  DOWN to 369 contracts. We had 70 notices filed on WEDNESDAY so we lost 2 contracts or 10,000 oz will not  stand in this non active delivery month of January.  They morphed into London based forwards and received a fiat bonus for their effort.

FEBRUARY saw another gain of 14 contracts to stand at 597.  MARCH gained 168 contracts down to 145,401.

The total number of notices filed today for JAN 2021. contract month is represented by 0 contract(s) FOR NIL 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 611 x 5,000 oz = 3,055,000 oz to which we add the difference between the open interest for the front month of JAN (369) and the number of notices served upon today 0 x (5000 oz) equals the number of ounces standing.

Thus the JAN standings for silver for the JAN/2021 contract month: 611 (notices served so far) x 5000 oz + OI for front month of JAN(369)- number of notices served upon today (0) x 5000 oz of silver standing for the NOV contract month .equals 4,900,000 oz. ..VERY STRONG FOR A NON ACTIVE  JAN MONTH.

WE LOST 2 CONTRACTS OR 10,000 OZ WILL NOT STAND FOR DELIVERY.

TODAY’S ESTIMATED SILVER VOLUME 179,831 CONTRACTS // volume huge//raid//bis///

FOR YESTERDAY  72,821  ,CONFIRMED VOLUME// strong

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- 2.63% ((JAN 8/2021)

2. Sprott gold fund (PHYS): DISCOUNT to NAV  FALLS TO 1.73% to NAV:   (JAN 8/2021 )

Note: Sprott silver trust back into NEGATIVE territory at +%-/Sprott physical gold trust is back into NEGATIVE/2.63% (JAN 8)

(courtesy Sprott/GATA

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

NAV 19.35 TRADING 19.00///NEGATIVE 1.81

END

And now the Gold inventory at the GLD

JAN 8//WITH GOLD DOWN $75.70 : A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 4.57 TONNES FROM THE GLD//INVENTORY RESTS AT 1182.11 TONNES

JAN 7/WITH GOLD UP $5.70 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1186.78 TONNES

JAN 6/WITH GOLD DOWN $44.25 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.17 TONNES//INVENTORY RESTS AT 1186.78 TONNES

JAN 5/WITH GOLD UP $10.05 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD:A DEPOSIT OF 17.21 TONNES OF GOLD INTO THE GLD////INVENTORY RESTS AT 1187.95 TONNES

JAN 4/WITH GOLD UP $49.70 TODAY: A SMALL CHANGE IN GOLD INVENTORY AT THE GLD; A DEPOSIT OF 0.88 TONNES INTO THE GLD/////INVENTORY RESTS AT 1170.74 TONNES

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 TON87S 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

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

Inventory rests tonight at:

JAN 8 / GLD INVENTORY 1182.11 tonnes

LAST;  977 TRADING DAYS:   +238.34 TONNES HAVE BEEN ADDED THE GLD

LAST 877 TRADING DAYS// +415.97  TONNES HAVE NOW BEEN ADDED INTO  THE GLD INVENTORY

Now the SLV Inventory

JAN 8/WITH SILVER DOWN $2.57 TODAY; NO CHANGE IN SILVER INVENTORY AT THE SLV..INVENTORY RESTS AT 562.499 MILLION OZ//

JAN 7/WITH SILVER UP 26 CENTS TODAY: A SMALL CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 392,000 OZ FROM SLV INVENTORY///INVENTORY RESTS AT 562.499 MILLION OZ/

JAN 6/WITH SILVER DOWN 54 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 4.156 MILLION OZ INTO THE SLV///INVENTORY RESTS AT 562.871 MILLION OZ//

JAN 5/WITH SILVER 33 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 558.715 MILLION OZ///

JAN 4/WITH SILVER UP 89 CENTS TODAY: A HUGE  CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 1.672 MILLION OZ INTO THE SLV../INVENTORY RESTS AT 558.715 MILLION OZ//

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/

JAN 8.2021:

SLV INVENTORY RESTS TONIGHT AT  562.499 MILLION OZ

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

ii) Important gold commentaries courtesy of GATA/Chris Powell

A must weekend reading:

Gold and silver has not responded to the fall in fiat currencies (like Bitcoin /oil etc)

(Alasdair Macleod)

Alasdair Macleod: Don’t dismiss gold and silver

 Section: 

By Alasdair Macleod
GoldMoney, St. Helier, Jersey, Channel Islands
Thursday, January 7, 2021

There is worrying evidence that 2021 will see the end of fiat currencies, led by the U.S. dollar. U.S. dollar money supply has accelerated at an extraordinary rate, a process that will continue.

Signals from the markets that a monetary collapse is increasingly likely include a weakening dollar on the foreign exchanges, bitcoin’s price reflecting a growing disparity between the rate of its issue and that of fiat, rapidly rising commodity prices, and a bubble in non-fixed interest financial assets.

Current thinking is yet to link these events with a developing collapse in fiat currencies, but it is only a matter of a relatively short period of time, perhaps spurred on by a banking crisis, before a realisation that a John Law-style financial asset and currency collapse is on the cards.

While gold rose in dollar terms by 25% last year, it has yet to reflect an increasingly likely collapse in fiat currencies, which this article concludes is likely to happen in this new year. …

… For the remainder of the report:

https://www.goldmoney.com/research/goldmoney-insights/don-t-dismiss-gold…

END

Central banks need more market rigging tools? Don’t they have enough

(Reuters/GATA)

Central banks need more market-rigging tools, Bank of England exec says

 Section: 

Bank of England’s Hauser Calls for New Central Bank Tools to Tackle Market Upheavals

By William Schomberg
Reuters
Thursday, January 7, 2021

LONDON — Financial markets are likely to be hit more often by the kind of upheaval unleashed by the COVID-19 pandemic and central banks need new tools to deal with powerful investment firms at the heart of such events, a Bank of England official said today.

Non-bank companies, which include pension managers, money market funds and hedge funds, now account for about half of the world’s financial assets.

“Last year’s COVID ‘dash for cash’ was a wake-up call as to the scale and urgency of this work,” Andrew Hauser, the Bank of England’s executive director for markets, said in a speech hosted by Reuters.

… 

Non-banks have helped savers and businesses as banks were reined in by reforms after their risk-taking brought about the 2007-09 financial crisis. But they failed to withstand the coronavirus shock in March and reforms are needed to prevent future liquidity problems threatening the economy, Hauser said.

Central banks should consider a formal role as “market makers of last resort” — trading securities at times of financial panic — in return for tougher regulation of financial businesses other than banks, he said. …

… For the remainder of the report:

https://www.reuters.com/article/us-britain-boe-hauser-newsmaker/boes-hau…

END

Bullion gold and silver coins had a robust year

(Ronan Manly)

Ronan Manly: 2020 was a stellar year for bullion coin sales by major national mints

 Section: 

By Ronan Manly
Bullion Star, Singapore
Thursday, January 7, 2021

The year 2020 was a very strong one for bullion coins sales by the major national mints with the U.S. Mint, Perth Mint, and Royal Canadian Mint all seeing phenomenally strong sales across both gold bullion coins and silver bullion coins.

Gold sales more than doubled at the Perth Mint and Royal Canadian Mint, while increasing by a massive 500% at the U.S. Mint.

… 

The U.S. Mint also took the lead in sales volume increases in silver, more than doubling its 2019 volumes. During 2020, the Perth Mint boosted silver sales by 42%, while the Royal Canadian Mint (based on the first three quarters of 2020) increased silver sales volumes by 34%.

Together the three mints shipped 87 tonnes of gold and 2,359 tonnes of silver out the door to the market. …

… For the remainder of the report:

https://www.bullionstar.com/blogs/ronan-manly/2020-stellar-year-for-bull…

END

China’s rapid recovery while the USA economy still in the doldrums due to the pandemic is putting the USA dollar hegemony in doubt

(Bloomberg)

China’s rapid recovery puts dollar hegemony in doubt

 Section: 

By Susanne Barton
Bloomberg News
Thursday, January 7, 2021

China’s light-speed recovery from the pandemic has reignited the perennial debate about how long the dollar’s 50-year dominance of global markets can persist.

The U.S.’s struggle to control the coronavirus and revive its economy contrasts sharply with the Asian nation, where growth has roared back. That divergence — which saw the greenback’s worst performance since 2017 as the yuan advanced — has bolstered China’s tilt at dollar hegemony, with investors flocking to onshore assets, trying out the renminbi for trade, and even giving it another look as a reserve currency.

… 

The dollar’s demise as the world’s reserve currency has been idly speculated on and predicted for years, of course. Prior to the yuan, all the hype was about the euro as the dollar’s successor. Nothing, though, ever managed to dent the twin forces underpinning dollar supremacy: the U.S. role as both global growth engine and haven of first choice for investors during crises.

So powerful were these two pillars that they were given a catchy nickname in trading circles years ago — the “dollar smile.”

But recently that smile has looked more like a smirk, with the virus eroding both of the currency’s traditional supports. Instead, it’s the yuan that’s benefiting from demand for economic outperformance, and for assets insulated from the pandemic’s fallout, bringing the currency’s long-term prospects back into focus.

“The center of the world’s economy is shifting from the northern Atlantic, where it’s been for 500 years, to the Pacific,” said Marc Chandler, chief market strategist at Bannockburn Global Forex. “The currency markets are going to reflect that over time.” …

… For the remainder of the report:

https://www.bloomberg.com/news/articles/2021-01-07/china-s-rapid-recover…

END

What happened to the rest of the money:  answer….it is in the ESF and that vehicle along with the BIS is used to rig gold/silver

Pam  and Russ Martens.

(Wall Street on Parade)

After Mnuchin Demanded that Fed Chair Powell Return Hundreds of Billions from Its Emergency Lending Facilities, Fed Sends Back Just $41.3 Billion

By Pam Martens and Russ Martens: January 8, 2021 ~

Fed Chair Powell and Treasury Secretary Mnuchin

Fed Chair Jerome Powell (left) and Treasury Secretary Steve Mnuchin

We have become convinced that the allocation of $454 billion under the CARES Act stimulus legislation to cover any losses incurred in the Fed’s emergency bailout programs was a dog and pony show created by U.S. Treasury Secretary Steve Mnuchin (who has testified to Congress that he helped write the legislation) in order to provide Mnuchin with a slush fund to trade in markets. (See Trump Issued an Executive Memorandum Giving Mnuchin a $50 Billion Slush Fund; Mnuchin Gave Himself $386 Billion More.)

Our suspicions are heightened by the fact that the Fed ran very similar emergency bailout programs from 2007 to 2010 and did not require any funds from the Treasury to backstop losses. The Fed simply relied on collateral from the Wall Street firms borrowing from the Fed. If those firms don’t have the collateral today, then they’re likely insolvent and not legally allowed to borrow from the Fed.

We have carefully reviewed the CARES Act. There is not one word in the legislation that directs Mnuchin to place that $454 billion into the Exchange Stabilization Fund (ESF). But that’s where Mnuchin placed that money. We know this because the ESF’s financial statement says Mnuchin placed not only the $454 billion into the ESF but he also initially placed the additional $46 billion that he was allocated under the CARES Act to help airlines and businesses important to national security (for a total of $500 billion). (See notes to the September 30, 2020 ESF financial statement here.)

Mnuchin has successfully gotten mainstream media to report that the bulk of the $454 billion went to the Fed for its emergency lending facilities but went mostly unused. In reality, the Fed only received $114 billion from Mnuchin. (See Research Arm of Congress Confirms that Mnuchin Never Released Bulk of CARES Act Money Earmarked for Fed’s Emergency Loans.)

Then, on November 19, Mnuchin made a grandstand announcement, issuing a letter to Fed Chairman Jerome Powell demanding that he return any unused funds issued to it by the Treasury for its emergency lending facilities, by December 31, 2020.

Yesterday, the Fed published its H.4.1 weekly financial statement, showing that as of this past Wednesday, January 6, it had returned just $41.3 billion of the paltry $114 billion it had received from the Treasury Secretary. The remaining balance of $72.7 billion from the Treasury is allocated to the following emergency lending facilities: (See footnote 14 to Table 1.)

Commercial Paper Fu

iii) Other physical stories:

American gold eagles sales up a dramatic 455% in 2020

(SchiffGold.com)

American Gold Eagle Sales Up 455% In 2020

THURSDAY, JAN 07, 2021 – 15:40

Via SchiffGold.com,

Demand for physical gold and silver surged last year as smart investors sought safe haven from a record-breaking expansion in the money supplyrecord federal budget deficits, and quantitative easing set to infinity.

Sales of US gold and silver bullion coins at the US Mint hit a 4-year high in 2020.

The Mint sold 884,000 ounces of American Gold Eagle coins last year. (Harvey: 27,5 tonnes)

It was a 455% increase over the 152,000 ounces sold in 2019. It was the highest level of gold coin sales since 2016.

American Silver Eagle sales increased by 101% with 30.01 million ounces sold in 2020.

Coin sales surged despite supply chain issues due to government lockdowns around the globe. The US Mint had to temporarily shut down production at its New York facility in April due to COVID 19. Due to production cuts, there were no half, quarter, or tenth-ounce Gold Eagle coins available several months last year.

With demand high and supply short, premiums on gold and silver coins skyrocketed. When spot silver hit its low of around $12 an ounce in March, premiums shot up as high as $12 a coin.

The busiest month of the year was March. The US Mint sold 151,500 ounces of Gold Eagles and 5,482,500 ounces of Silver Eagle coins in that month alone. In fact, the Mint completely sold out of American Silver Eagle coins in March.

The second-biggest month for gold coin demand was in August when the price of the yellow metal broke its all-time high and briefly pushed above $2,000 an ounce. The US Mint sold 121,000 ounces of Gold Eagles that month.

Demand for physical gold should remain brisk in 2021. There is no end in sight to the borrowing, spending and money printing. Peter Schiff has been predicting inflation pressures will ramp up significantly in the coming year. In fact, we’re already seeing the impacts of a weakening dollar. For instance, import costs have doubled and in some cases tripled. Commodity and agricultural prices are up.

We are really going to reap the whirlwind of the inflation winds that we have been sowing for years, but particularly ever since COVID,” Peter said of 2021.

And the Federal Reserve has made it clear it’s not particularly worried about inflation. In fact, it has moved its policy goalposts to let inflation run hot.

Inflation is bad news for consumers, but it’s good for gold and silver.

end

Bitcoin nears 42,000 dollars per coin

(zerohedge)

Bitcoin Nears $42k, Ethereum Up 70% In 2021

FRIDAY, JAN 08, 2021 – 8:19

After topping $40k yesterday, and immediately plunging over $2,000, buyers have been ebullient since, lifting the largest cryptocurrency up near $42,000 this morning…

Source: Bloomberg

“Seems we only dump to shake out the weak hands these days,” a popular social media trader summarized on the day.

Bitcoin has pushed notably above its ‘stock-to-flow’ fair value in recent days…

Source

“We are seeing a continued demand spike driven largely by sustained and unprecedented institutional interest, showing no sign of abating as we move into 2021,” said Frank Spiteri of digital asset manager CoinShares.

Prompting some to question the short-term performance:

“Fundamentals have gone out the window and irrational exuberance may accelerate bitcoin past the $50k level ahead of the second schedule,” Jehan Chu, CEO at Hong Kong-based trading firm Kenetic Capital, told CoinDesk.

And it’s not just Bitcoin, Ethereum is soaring back towartds its record highs…

Source: Bloomberg

Google Trends reveals that the number of Google searches currently being performed for “Ethereum” is at an all-time high, eclipsing search interest during the height of the last ETH bull run.

And overall, Ethereum is 2021’s best performer…

Source: Bloomberg

Amid the strongest week for Crypto overall since late 2017…

The driving force? Grayscale said pensions and endowments are starting to buy”

“We’ve started to see participation not just from the hedge fund segment, which we’ve long seen participation from, but now it’s recently from other institutions, pensions and endowments,” Michael Sonnenshein, who was named successor to founder Barry Silbert on Thursday, said in an interview.

“The sizes of allocations they are making are growing rapidly as well.”

Bank of America investment strategists on Friday said “violent” inflationary price action in markets helped bitcoin’s rally in the last two months.

But it warned that the cryptocurrency “blows-the-doors-off prior bubbles”, such as the dotcom bubble in the late 1990s, China in the 2000s and gold in the 1970s.

END

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

i) Chinese yuan vs USA dollar/CLOSED UP AT 6.4640 /

//OFFSHORE YUAN:  6.4555   /shanghai bourse CLOSED DOWN 6.10 PTS OR .17%

HANG SANG CLOSED UP 329.70 PTS OR 1.20%

2. Nikkei closed UP 648.90 POINTS OR 2.36%

3. Europe stocks OPENED ALL GREEN/

USA dollar index DOWN TO 89.88/Euro FALLS TO 1.2249

3b Japan 10 year bond yield: RISES TO. +.04/ !!!!(Japan buying 100% of bond issuance)/Japanese yen vs usa cross now at 103.89/ THIS IS TROUBLESOME AS BANK OF JAPAN IS RUNNING OUT OF BONDS TO BUY./JAPAN 10 YR YIELD IS NOW TARGETED AT .11%/JAPAN LOSING CONTROL OF THEIR BOND MARKET//CARRY TRADERS GETTING KILLED

3c Nikkei now JUST BELOW 17,000

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

3e WTI:: 51.73 and Brent: 55.35

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

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

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

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

3i European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund RISES TO -.52%/Italian 10 yr bond yield DOWN to 0.52% /SPAIN 10 YR BOND YIELD DOWN TO 0.03%…ITALIAN 10 YR BOND YIELD/GERMAN BUND: 1.09: DANGEROUS FOR THE ITALIAN BANKING SYSTEM

3j Greek 10 year bond yield FALLS TO : 0.59

3k Gold at $1884.75 silver at: 26.53   7 am est) SILVER NEXT RESISTANCE LEVEL AT $30.00

3l USA vs Russian rouble; (Russian rouble UP 64/100 in roubles/dollar) 74.14

3m oil into the 51 dollar handle for WTI and 55 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 103.89 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 .8839 as the Swiss Franc is still rising against most currencies. Euro vs SF is 1.0826 well above the floor set by the Swiss Finance Minister. Thomas Jordan, chief of the Swiss National Bank continues to purchase euros trying to lower value of the Swiss Franc.

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

3r the 10 Year German bund now NEGATIVE territory with the 10 year RISING to 0.52%

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 1.0900% early this morning. Thirty year rate at 1.856%

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

6.  TURKISH LIRA:  UP  TO 7.358..

S&P Futures Hit Record High Above 3,800 Ahead Of Dismal Payrolls Report

FRIDAY, JAN 08, 2021 – 8:03

While there is broad consensus that today’s payrolls report will be ugly, with economists expecting a sharp slowdown in December job growth in the U.S. due to the second wave of covid lockdowns and a quarter of those surveyed (including Goldman) predicting a negative print when the data is published at 8:30 a.m. ET, that did not dent the euphoric sentiment unleashed with the Democrats’ blue wave victory in Georgia, and as traders walked into their basement offices on Friday the Emini was trading up 13 pts ot 0.3%, to 3,808 having hit a record high of 3,817.75 earlier. The dollar erased gains and 10-year Treasury yields were flat.

Among individual stocks, hedge fund hotel Sarepta sank 46% in premarket trading after a trial for its gene therapy missed investor expectations.  Micron Technology Inc rose 4.5% after the chipmaker forecast second-quarter revenue above estimates as a global shift to remote work and a recent uptick in 5G smartphone adoption drove demand for its chips. U.S.-listed shares of Baidu Inc jumped 5.2% on plans to form a company to make smart electric vehicles, according to two sources familiar with the matter.

Late on Thursday, President Trump finally conceded and pledged to pursue a smooth transition of power and condemned the earlier unrest at the Capitol. Trump is under siege from some Republicans as well as Democrats and from inside his own administration as top officials announce resignations.

The Dow and the Nasdaq are on track for fourth straight weekly gains even as Democrats on Friday weighed impeaching President Donald Trump for a second time. While normally a dismal jobs report would be risk negative, today it is the other way around with investors betting Democrat control of the Senate will give President-elect Joe Biden greater power to battle the economic slowdown spurred by the pandemic, including with stimulus checks.

“A unified government as the result of the ‘blue sweep’ victory will smooth the path to more fiscal stimulus,” said Mark Haefele, chief investment officer of UBS Global Wealth Management. “This points to the reflation trade remaining intact, which we think has further to run.”

The situation is “close to ideal” for stocks, as a lack of a strong majority will also make it difficult for Democrats to implement tax rises, according to Alexandre Tavazzi, global strategist at Pictet Wealth Management.

The euphoria was global with European stocks headed for their best week since November, led higher by tech shares which were boosted by earnings reports from U.S. and Asia chipmakers. Banks slumped, with Credit Suisse Group AG and Commerzbank AG among the biggest laggards. European stocks are on track to start 2021 with their biggest weekly gain for almost two months as investors predict government stimulus and coronavirus vaccination programs will drive an economic rebound. The Stoxx Europe 600 Index added 0.6%, taking the week’s rise to 3%. Technology and consumer discretionary were among the best performers on Friday, with the former boosted by earnings reports from U.S. and Asia chip bellwethers. Consumer staples and communications underperformed, while energy stocks were steady as oil edged up after Saudi Arabia’s unilateral output cut eased over-supply fears.

A gauge of Asia-Pacific equities jumped the most in about two months: Asian stocks climbed to new highs on the familiar hopes for U.S. stimulus and investor demand for shares tied to electric vehicles and semiconductors. Shares of EV-related companies gained after Tesla jumped to a fresh record. Hyundai Motor surged 19% even as it backed away from a statement confirming it’s in talks with Apple Inc. on developing self-driving car. In Hong Kong, Geely Automobile jumped 20% after the company is said to form an EV tie-up with Baidu. South Korea’s Kospi climbed 4%, the most among Asian benchmarks, powered by gains in Hyundai and Samsung Electronics, which rose after reporting results. Key equity gauges rose more than 1% in markets including Japan, Hong Kong, Taiwan, Singapore, Malaysia, the Philippines and Indonesia,

The MSCI gauge of emerging-market stocks headed for its highest ever close, surpassing levels seen before the 2008 global financial crisis. Technology stocks continued to lead the advance even as MSCI said it will remove China’s three major telecommunications companies from its indexes on Friday. The ruble fell most among currencies as traders returned from holidays in Russia with the Turkish lira also paring a fourth straight week of gains. South Africa’s rand rose from recent declines that were fueled by spiraling coronavirus cases.

On the virus front, more U.S. states reported their first cases of the variant that helped trigger a U.K. lockdown amid concern that Covid-19 deaths in the U.S. are likely to maintain a near-record pace at least through January. Mounting hospitalizations are offsetting any positive effect from the halting start to inoculations.

Elsewhere, Brent oil topped $55 a barrel sending energy stocks higher, while gold dipped.

Bitcoin did not follow gold, and again jumped to a record.

In FX, the Bloomberg Dollar Index was little changed at 1120.62; the pound outperformed Group-of-10 peers, rising 0.2% to $1.36.  “The U.S. payrolls report might be viewed as a potential litmus test for U.S. dollar bears,” TD Securities strategists including Jim O’Sullivan wrote in a note on Thursday. “Positioning is stretched and the backup in U.S. yields has some investors nervous.

In rates, the yield on 10-year U.S. Treasuries was steady at 1.08%, after rising as much as 2bps to 1.10%, the highest since March. Yields are within a basis point of Thursday’s closing levels with 10-year around 1.085%, broadly in line with bunds and gilts during European session. Gains for Asia bourses and U.S. stock index futures weighed and regional dip-buyers remained sidelined. Supply will be in sharper focus after 8:30am ET jobs data, with 3-, 10-, 30-year auction cycle starting Monday.

To the day ahead now, the main highlight will likely be the aforementioned US jobs report. Other data releases from Europe include November’s industrial production readings from France and Germany, along with the Euro Area’s unemployment rate in November. Finally from central banks, we’ll hear from Fed Vice Chair Clarida.

Market Snapshot

  • S&P 500 futures up 0.3% to 3,807.25
  • STOXX Europe 600 up 0.5% to 410.48
  • German 10Y yield fell 0.3 bps to -0.525%
  • Euro down 0.3% to $1.2231
  • Italian 10Y yield fell 0.9 bps to 0.447%
  • Spanish 10Y yield fell 1.9 bps to 0.025%
  • MXAP up 1.7% to 207.33
  • MXAPJ up 1.7% to 691.30
  • Nikkei up 2.4% to 28,139.03
  • Topix up 1.6% to 1,854.94
  • Hang Seng Index up 1.2% to 27,878.22
  • Shanghai Composite down 0.2% to 3,570.11
  • Sensex up 1.4% to 48,749.73
  • Australia S&P/ASX 200 up 0.7% to 6,757.87
  • Kospi up 4% to 3,152.18
  • Brent futures up 0.9% to $54.89/bbl
  • Gold spot down 1.2% to $1,890.36
  • U.S. Dollar Index up 0.2% to 89.98

Top Overnight News from Bloomberg

  • President Donald Trump, in a video message on Thursday night, condemned the storming of the U.S. Capitol — which occurred after he urged his angry supporters to take action — and said he would prepare for the administration of President-elect Joe Biden.
  • The rapidly growing calls among Democrats to oust President Donald Trump either by his own cabinet taking action or by another impeachment is running quickly up against the limits of time and Republican Party politics.
  • The vaccine developed by Pfizer Inc. and BioNTech SE may offer some protection against a mutation in the new fast-spreading variants of the coronavirus that have emerged from the U.K. and South Africa, according to a recent study.

A quick look at global markets courtesy of Newsquawk

Asian equity markets traded mostly positive on momentum from the fresh all-time highs on Wall St where the Nasdaq led the advances as large-cap tech names clawed back losses after the dust settled from the blue sweep and with better-than-expected data adding to the constructive mood. ASX 200 (+0.7%) and Nikkei 225 (+2.4%) were higher with outperformance seen in Australia’s tech and financials but with gains in the index capped by weakness in miners and after the Queensland Premier announced a 3-day lockdown in Greater Brisbane due to COVID-19, while Japanese exporters benefitted from favourable currency effects which have offset the headwinds from the State of Emergency declaration for Tokyo and neighbouring prefectures, as well as mixed Household Spending figures. KOSPI (+4.0%) was the biggest gainer with index heavyweight Samsung Electronics underpinned after its preliminary Q4 results in which oper. profit slightly missed expectations at KRW 9.0tln vs exp. KRW 9.1tln but still showed a 25% increase Y/Y and Hyundai Motor shares were in 5th gear with gains of nearly 20% following reports the Co. could partner with Apple for self-driving cars, despite the automaker confirming nothing has been decided yet and that the US tech giant was in discussions with various car manufacturers. Hang Seng (+1.2%) and Shanghai Comp. (-0.2%) were mixed with the mainland faltering after the PBoC’s operations resulted to a net weekly liquidity drain of CNY 505bln and due to ongoing tensions with US after MSCI and FTSE Russell announced to delete the Chinese telco giants from their indexes, while Beijing also warned that Washington will pay a heavy price if it proceeds with an Ambassador visit to Taiwan scheduled for next week. Finally, 10yr JGBs were subdued and languished at the prior day’s lows amid gains in stocks and after continued pressure in USTs, with mixed 30yr JGB auction results also keeping price action drab.

Top Asian News

  • Global Demand for Taiwan Tech Sends Exports to Record High
  • SoftBank Clashes Again With Moody’s Over Credit Rating
  • South Korea ‘Comfort Women’ Compensation Verdict Angers Japan

European bourses trade somewhat mixed (Euro Stoxx 50 +0.6%), after opening with gains across the board following a similarly mixed APAC handover. US future meanwhile trade off best levels but remain in modest positive territory ahead of the US labour market report, although it is worth noting that further fiscal support for Americans was rubber-stamped after the payroll survey period, and will therefore not be reflected in the employment situation report (full preview available in the Newsquawk Research Suite). The narrative across the market seems to remain fixated on stimulus anticipation under the incoming Biden administration coupled with mass vaccine rollouts throughout the year in a bid to return to normality. That being said, downside scenarios for stocks prevail in the form of further COVID mutations (possibly rendering vaccines ineffective) and sooner-than-expected unwind of loose policy. Regarding the former, Pfizer said its COVID-19 vaccine appears to be effective against the UK & South African variants of the virus in lab tests. However, other reports noted that study was conducted on blood taken from people who had been given the vaccine and that its findings are limited because it does not look at the full set of mutations found in either of the new variants. Back to Europe, sectors are mostly higher with underperformance seen in financials amid losses in Credit Suisse (see below) and a pullback in yields – also contributing to the underperformance in the FTSE 100 (Unch) on account of its heavy bank exposure alongside unfavourable Sterling dynamics. On the other side of the spectrum, the Tech sector outpaces peers and notably outperforms amid a number of potential factors. 1) Samsung Electronics said its operating profit for the three months that ended in December likely rose 26% – shares closed higher by over 7%, 2) STMicroelectronics (+1.5%) reported net prelim revenue above the prior guidance due to “significantly better than expected market dynamics throughout the quarter”, 3) Taiwanese chip-maker TSMC reported an improvement in revenue, 4) Micron beating on top and bottom lines which supported shares after the close. As such, regional chip-makers cheer the wave of bullish updates with Infineon (+6.7%) and ASML (+3.1%) among the top gainers in Europe. In terms of other movers, Credit Suisse (-3%) is pressured as it expects to increase provisions for the MBIA case and other RMBS-related cases by a total of USD 850mln vs prior provisions of USD 300mln. This charge will be reflected in 4Q20 financial results and thus the group is expected to report a net loss in the period. Conversely, Sodexo (+6.5%) sees gains after upping its guidance.

Top European News

  • EU Secures an Additional 300 Million Pfizer Vaccine Doses
  • Mercedes Meets CO2 Targets With Year-End Surge in EV Sales
  • Fiscal Policy Key for Czech Interest-Rate Path, Minutes Show

In FX, the USD has bounced further, with the index now eyeing pre-New Year highs having scaled 90.000 to print a new recovery high at 90.132, so far. It may be just symbolic, but the fact that the Greenback has extended its recovery from 89.206 to break a losing streak is encouraging, and if it can end the week without suffering a major set-back then the omens and technical picture will look even brighter. However, NFP looms and could be more of a wildcard than usual given COVID-19 restrictive measures impacting the labour data, and anecdotal evidence carrying a downside bias to consensus, which could spark a retracement in US Treasury yields alongside curve re-flattening on a big payrolls disappointment. On the flip-side, any Buck retreat may be viewed as another opportunity to cover shorts or take profit on bearish Biden Blue sweep bets.

  • XAU/CHF/EUR – As noted above, the main victims of the Dollar revival, as Gold finally folded after fending off multiple attempts to take out Usd 1900/oz and then succumbed to a stop-driven collapse when the 100 DMA around Usd 1893 was breached in what some described as a flash crash. Meanwhile, the Franc only found refuge from support into 0.8900 after mixed Swiss unemployment rates and the Euro is trying to regain composure following a slide through 10 and 21 DMAs (1.2256 and 1.2222 respectively) that only came to a halt circa 1.2214.
  • AUD/NZD/CAD/JPY – All narrowly mixed vs their US counterpart having weathered an early EU storm, with the Aussie gleaning some support from still firm iron ore prices to reclaim 0.7750+ status even though Queensland has been forced into a 3 day lockdown due to a case of the coronavirus. Similarly, the Kiwi has clambered back from the low 0.7200 area, but seems to be facing stronger headwinds via the Aud/Nzd cross that has climbed over 1.0700 again. Elsewhere, the Loonie has rebounded quite firmly from sub-1.2730 levels in the run up to the Canadian-US jobs showdown and the Yen is paring declines from just under 104.00.
  • GBP – Sterling is ‘outperforming’, though marginally and more on the back of retrenchment rather than anything fundamental or a change in fortunes for the Pound that remains hampered by the Brexit hangover and battle to stop the pandemic in its new and increasingly infectious guise. Hence, Cable has not been able to convincingly regain grip of the 1.3600 handle and Eur/Gbp extend beyond 0.9000.
  • SCANDI/EM – Simmering oil prices are still a source of power for the Nok, while the Zar has found some much needed support to unwind some recent heavy losses from vaccine approval in SA.
  • South Africa’s Eskom says it has suspended loadshedding as demand has declined ahead of the weekend. (Newswires)

In commodities, WTI and Brent front month futures eke mild gains but trade at session highs, with the former around USD 51.30/bbl and the latter meandering just under USD 55/bbl after briefly topping the level. Oil-specific newsflow remains light but the complex continues to be supported by Saudi’s voluntary decision to cut 1mln additional barrels of production in February and March. Looking ahead, prices are likely to eye sentiment alongside COVID-related headlines, namely further lockdowns and travel bans. On the flip side, desks not that the cold weather has previously proved to be bullish for the energy complex, with the cold streak seen in North Asia currently helping to reduce middle distillate stocks in the region, according to ING. Elsewhere precious metals saw a bout of downside in during European trade in what seemed to be technically driven amidst a lack of fresh fundamentals at the time. Spot gold slumped below USD 1900/oz after tripping suspected stops and fell to a current low of ~USD 1877/oz (vs. high 1917/oz) while spot silver similarly relinquished the USD 27/oz handle to a low of almost USD 26/oz. In terms of base metals, Shanghai copper hit levels last seen in over nine years on reflationary play, whilst similar omens were felt by Dalian iron ore futures which rose for a sixth consecutive session as it also gains impetus on firmer demand prospects ahead of the Lunar New Year holiday.

US Event Calendar

  • 8:30am: Change in Nonfarm Payrolls, est. 50,000, prior 245,000
  • Change in Private Payrolls, est. 13,000, prior 344,000
  • Unemployment Rate, est. 6.8%, prior 6.7%
  • Average Hourly Earnings MoM, est. 0.2%, prior 0.3%
  • Average Hourly Earnings YoY, est. 4.5%, prior 4.4%; Average Weekly Hours All Employees, est. 34.8, prior 34.8
  • Labor Force Participation Rate, est. 61.5%, prior 61.5%
  • Underemployment Rate, prior 12.0%
  • 10:00am: Wholesale Trade Sales MoM, prior 1.8%; Wholesale Inventories MoM, est. -0.1%, prior -0.1%
  • 3pm: Consumer Credit, est. $9.0b, prior $7.23b

DB’s Jim Reid concludes the overnight wrap

I attended my first school assembly since 1992 yesterday. Back then it was a rowdy affair as a bunch of rebellious leaving 6th formers tried to play a prank on the whole school which for good taste I won’t go into here. This was a zoom assembly for 5 year olds so the tone was slightly different. The headmistress said one of the most important thing to do was to listen to Mummy and Daddy. That fell on deaf ears. Talking of ears I had to cover home schooling for an hour or so yesterday for the first time as one of the twins was having an operation to fit two grommets in his ears. Hopefully if he can hear more clearly now he won’t be so loud. Fingers crossed.

The only noise in markets yesterday was a bullish stampede as markets continued their strong start to 2021 yesterday as investors brushed off the violence in Washington to look forward to the prospect of more stimulus and less political volatility under a new administration in less than two weeks’ time. Ahead of payrolls today, US equities hit fresh highs, with the S&P 500 (+1.48%), the Dow Jones (+0.69%) and the NASDAQ (+2.56%) all reaching new records. The latter was helped by the large rally in tech, with the biggest highlight being Tesla gaining +7.94% on the day. That means the electric car company’s market cap rose by $56.9bn, or nearly the entire market cap of GM ($62bn) on the day! Meanwhile in fixed income, there was a significant bear-steepening in US Treasuries as attention focused on what united Democratic control in Washington will mean for markets and the economy.

Our US economics team, put out an update to their outlook yesterday (link here ) after the Democratic sweep. They see the new administration passing another stimulus bill of approximately $900bn, built around further stimulus checks, funds for state and local governments, and enhancements to unemployment benefits. They have now lifted their growth forecast for 2021 by about 2 percentage points to 6.3% (Q4/Q4) and lowered the year-end forecast for the US unemployment rate to 4.3% from 5% previously. This would mean that real GDP would return to its pre-virus level in Q2 and converge towards the pre-virus path by year-end. This faster pace to the recovery could also affect the Fed, and the US economic team could see the Fed’s QE tapering by the end of this year. The Fed could begin signaling its tapering intentions during the June FOMC meeting if they are convinced that the vaccine rollout is proceeding well and growth is getting back on track before a gradual taper in December. So a far cry from where we were even a few weeks ago.

This change in sentiment is certainly impacting US fixed income and by the close, yields on 10yr Treasuries had risen +4.4bps to 1.08% (and are up a further +1.8bps overnight), with the bulk of that increase coming from rising inflation expectations, as breakevens rose a further +2.6bps to 2.10%, their highest level since late-2018. In fact they are approaching the top of their 6 year range which is remarkable given all the perceived deflationary forces in the system and the fears over permanent Japanification. There is no Japanification coming if you look at breakevens. Meanwhile the steepening in the curve saw the 2s10s slope rise +4.2bps to a fresh 3-year high, as the 5s30s reached a fresh 4-year high.

A couple of hours after we went to press yesterday, President-elect Biden’s victory was officially certified by the Joint Session of Congress, marking the last formal stage of the election process before inauguration day on January 20. Though President Trump has still not conceded defeat in the election, he issued a statement via an aide which said that in spite of his disagreements over the outcome of the election, “there will be an orderly transition on January 20”. However, there were further resignations in the aftermath of Wednesday’s political turmoil, with Trump’s former chief of staff Mick Mulvaney announcing his resignation as the Special Envoy for Northern Ireland. Transportation Secretary Elaine Chao, who is also the wife of Senate Majority Leader McConnell, became the first member of the cabinet to resign following the events at the Capitol and the President’s remarks. Notably, Facebook also announced that they were extending the block on the President’s Facebook and Instagram accounts indefinitely, and at least until after the inauguration. Speaker Pelosi and Senate Democratic Leader Schumer asked Vice President Pence and the cabinet to remove the President under the 25th amendment, indicating that the House could issue articles of impeachment otherwise. Given that there is less than a fortnight left in the President term, this would be mostly signalling, but an impeached and removed president could be barred from seeking the office again in 2024. Late last night the President released a video message pledging to a smooth transition to the Biden administration and condemning the violence at the Capitol the day before.

Asian markets are following Wall Street’s lead this morning with the Nikkei (+1.89%), Hang Seng (+1.32%) and Kospi (+2.92%) all up. The outperformance of the Kopsi is on the back of news that Hyundai Motor Co. is in talks with Apple Inc. over electric vehicles. Bucking the trend, the Shanghai Comp (-0.62%) is down likely due to MSCI saying that it will remove China’s three major telecommunications companies from its benchmark indexes after the close today thereby giving global funds just one day to adjust billions of dollars of passive investments. Shares of China Unicom are down -7.87% today after being down -11.35% yesterday, while China Mobile and China Telecom have declined by -12.8% and -16.5% over the last two days. Meanwhile, futures on the S&P and Nasdaq are up +0.49% and +0.32% respectively.

Risk assets outside the US also performed strongly throughout yesterday’s session, with the STOXX 600 rising +0.51% to hit its own post-pandemic high, while the German DAX (+0.55%) rose to a new all-time high but note it is a total return index. Brent crude (+0.15%) and WTI (+0.40%) oil prices reached their highest levels since the pandemic began, at $54.38/bbl and $50.83/bbl respectively, on the back of rising optimism over future economic demand. They are up similar amounts overnight. Over in sovereign bond markets, yields on ten-year bunds (-0.2bps) saw little movement and are in a different world to Treasuries at the moment, though there was a further narrowing in spreads, with the gap between Italian ten-year yields and bunds tightening to a fresh 4-year low of 1.08%, as the Greek spread fell to its lowest in over a decade, at 1.1%. The European five-year, five-year inflation swap rate rose +1.8bps to 1.32%, which is the highest level since January 20, 2020, just prior to the pandemic. Finally bitcoin rose above $40,000 intraday before settling at $39,733 – a new all-time high. It is trading at $38,340 this morning bringing its YTD gains to +32.22% after just a single week.

On the coronavirus, a state of emergency was declared for the Tokyo area by the Japanese PM as the number of cases continued to rise in the capital. It’ll be in place until February 2, with restaurants having to close by 8pm. Meanwhile in China, the city of Shijiazhuang was locked down, and people and vehicles banned from leaving, after more than 90 confirmed cases of the virus were reported since January 2nd. There was also news that China’s Sinovac vaccine was shown to be 78% effective in a late-stage Brazilian trial, offering more optimism for developing markets. In Europe, France announced that the government plans to extend aid to companies in sectors most affected by the pandemic as the lockdowns in the country are set to continue, but there was no indication of the exact level of fiscal support. Meanwhile, the UK has said overnight that it will require all international passengers to prove they do not have coronavirus and show a negative test result within 72 hours of the start of their journey while travellers arriving from countries that are not on the government’s open travel corridor list will be required to isolate at home for 10 days, regardless of their test results. Elsewhere Portugal’s Prime Minister Costa announced that restrictions may be tightened next week at a press conference yesterday after a record one day rise in cases on Wednesday. In the US, Connecticut, Pennsylvania and Texas all reported cases of the new more virulent strain of the virus – making it eight states so far. Overnight, there was more positive news on the vaccine front as a study by Pfizer and the University of Texas Medical Branch showed that Pfizer/BioNTech’s vaccine possibly works against a key mutation of the highly transmissible variants of the coronavirus discovered in the U.K. and South Africa.

Attention today will remain on the US thanks to the release of the December jobs report, which coincides with further rises in coronavirus cases throughout the country. In terms of what to expect, DB’s US economists are looking for nonfarm payrolls to grow by just +50k, in line with the consensus. That would be the slowest pace of monthly job growth since the massive -20.787m decline back in April, and they think that should see the unemployment rate tick up a tenth to 6.8%, which would be the first time its risen since April, marking an end to the labour market progress there’s been since the recovery from the pandemic began back in May. The jobs report later comes after yesterday’s ISM services index from the US, which rose to 57.2 (vs. 54.5 expected) in December. However, the employment index fell back to 48.2, its lowest since August.

To the day ahead now, and the main highlight will likely be the aforementioned US jobs report. Other data releases from Europe include November’s industrial production readings from France and Germany, along with the Euro Area’s unemployment rate in November. Finally from central banks, we’ll hear from Fed Vice Chair Clarida.dd

3A/ASIAN AFFAIRS

i)FRIDAY MORNING/ THURSDAY NIGHT: 

SHANGHAI CLOSED down 6.10 pts or .17%   //Hang Sang CLOSED up 329.70 pts or 1.20%    /The Nikkei closed UP 648.90 POINTS OR 2.36%//Australia’s all ordinaires CLOSED UP 0.63%

/Chinese yuan (ONSHORE) closed UP AT 6.4660 /Oil UP TO 51.73 dollars per barrel for WTI and 55.35 for Brent. Stocks in Europe OPENED ALL GREEN//  ONSHORE YUAN CLOSED UP AT 6.4640 AGAINST THE DOLLAR. OFFSHORE YUAN CLOSED DOWN ON THE DOLLAR AT 6.4555 TRADE TALKS STALL//YUAN LEVELS //TRUMP INITIATES A NEW 25% TARIFFS FRIDAY/MAY 10/MAJOR PROBLEMS AT HUAWEI /CFO ARRESTED//CORONAVIRUS/PANDEMIC/TRUMP TESTS POSITIVE FOR COVID 19  : /ONSHORE YUAN TRADING BELOW LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING STRONGER AGAINST USA DOLLAR/OFFSHORE YUAN TRADING STRONGER AGAINST THE DOLLAR /TRADE DEAL NOW DEAD..TRUMP  RAISED RATES TO 25%

3 a./NORTH KOREA/ SOUTH KOREA

South Korea

b) REPORT ON JAPAN

3 C CHINA

CHINA/USA

A good read….why the change in discrepancy between USA imports from China and their exports tothe USA.

(zerohedge)

A Bizarre Discrepancy Is Blowing Up The Trade “Data” Between US And China

THURSDAY, JAN 07, 2021 – 19:15

Earlier today, the Census Bureau announced that in December, the US trade deficit jumped to a whopping $68.1 billion, an increase of $5 billion in one month and just inches of the all time biggest trade deficit recorded in the depths of the global financial crisis.

Yet while troubling, and a clear testament that the US is losing the trade war with China or whoever, this wasn’t the big news. The really big news is that when one focuses on just the trade between the US and China, the bilateral balance has been trending in the wrong direction, helped as one would expect by the effects of COVID-19 (yes, this is yet another way that China has benefited from unleashing the covid pandemic on the world). As Stephen Gallo noted, China’s merchandise exports to the US, as a share of total exports, ended 2019 at 13.6%, but they were back to 17.6% as of November 2020.

In short, after the US made some headway in its trade war with Beijing, all that progress and more is now gone as Chinese net exports are steamrolling ahead… thanks to covid!

Yet as we first pointed out last month, while the trade surplus with the US according to China Customs data indeed hit a record high, US Bureau of Economic Analysis data shows something quite different, and this discrepancy is shown the chart below:

This is, to say the least, strange: after all data is data, and when one using the same nominal amount of trade exports and imports between the two countries engaging in trade, one should – in theory at least – end up with the same trade surplus (and respectively deficit) number.

Alas, as the chart above shows, not only has that has not been the case for the past two decades, but curiously, after years of US data showing a larger bilateral deficit with China than the Chinese data shows a surplus with the United States (largely due to the so-called Hong Kong port effect which explains much of the discrepancy), this has reversed in the past few months when China’s reported exports to the United States have significantly exceeded reported U.S. imports (the exact opposite of the established pattern). This can be seen clearly in the chart below which is a zoomed in portion the bilateral trade balances shown above:

This phenomenon which has escalated drastically in recent months, was first pointed out by former Treasury official Brad Setser who pointed out the data discrepancy in an October blog post , writing that “there is no doubt there is a gap. In July 2018, China said it exported $41.6 billion to the United States, and the United States reported importing $47 billion from China. In July 2019, China said it exported $38.9 billion to the United States (down because of the tariffs), and the United States reported importing $41.4 billion from China. And in July 2020, China said it exported $43.7 billion to the United States, while the United States only reported importing $40.7 billion from China.”

As a result, as Setser adds, “the answer to a lot of politically-salient questions—for example, is the bilateral trade deficit with China larger or smaller now than in 2016?—hinges on whether you use the U.S. or the Chinese data. ”

If you look at the Chinese data, its current monthly surplus with the United States is at an all-time high for the months of July and August, topping its pre-trade war peaks by substantial margins

In the U.S. data, the July deficit with China and Hong Kong (adding in Hong Kong reduces the size of the deficit as the United States runs a surplus with HK) is only just above its 2016 levels.

Fast-forwarding two months to the latest December data only shows that this divergence has accelerated with the latest Chinese data showing yet another record surplus for the month of November.

To be sure, and as one can easily see in the charts above, the gap between China’s reported exports to the United States – red line – and reported U.S. imports – blue line – plus the larger deficit when reported from the U.S. side than the surplus on the Chinese side, has been a long-standing pattern. It reflects the previously discussed role of Hong Kong in U.S.-China trade, because as Setser explains, “a lot of what China records in its data as an export to Hong Kong historically has ended up in the U.S. data as an import from China, and a lot of what the United States reports as an export to Hong Kong has historically ended up in the Chinese data as an import from the United States.”

What is novel here is the change in the pattern – the long established and well-understood discrepancy between the import and export side data has gone away.    

The puzzle, as Setser wrote, “is why the sign on the discrepancy looks to be flipping.” There are two possible explanations which immediately come to mind.

Chinese exporters might be overstating their exports, in general and to the United States. Overstating exports is a classic way of getting capital into a country with capital controls.

However, a simpler explanation is that the US tariffs have created a strong incentive for firms importing into the United States to go to some lengths to understate their imports from China. Thus, U.S. imports from China are now likely under-counted (which by implication holds the bilateral trade deficit down).

As Setser concludes, while “mapping one country’s import data to a partner’s export data” is a dull but exercise, “sometimes it yields interesting results. A similar exercise back in 2015—the Chinese current account surplus stopped tracking the goods balance—led me to look at whether the reported increase in tourism imports in the Chinese data was matched by a rise in the number of actual tourists (it wasn’t) and ultimately produced quite a good Fed paper.” We are confident that economists looking at the growing discrepancy in trade data between the US and China will soon be busy coming up with their own theories, even if the real answer why this most critical trade relationship in a world where the US-China trade war has been the overriding theme for much of the past 4 years, will likely remain a mystery.

END

Not so strange:  Beijing orders severe and unusual media censorship of Alibaba’s anti trust probe.  It looks like Jack Ma has outlived his usefulness to China.

(zerohedge)

Beijing Orders “Severe And Unusual” Media Censorship Of Alibaba Anti-Trust Probe

FRIDAY, JAN 08, 2021 – 6:45

Despite claims that China’s richest man is alive and well and merely “laying low” (reminder – Jack Ma has not been seen in public since he made a speech criticizing the country’s state-owned banks and financial regulators in October), speculation about his whereabouts grows as China’s government has told the country’s media to censor reporting on an antitrust probe into tech giant Alibaba.

The FT reports that at the end of December, the Chinese government’s propaganda arm directed media outlets to “strictly invoke” the official line on the antitrust investigation into Alibaba andto “not make changes or engage in extended analysis without permission”.

“If any company announcements oppose the official stance, do not publish, do not re-post, do not quote foreign media,” the directive said, according to two people who read it.

This silencing of the Ma debacle clearly indicates the sensitivity of this topic at the highest levels of Chinese politics and fits with hedge fund billionaire, and noted China hawk, Kyle Bass’ view that Ma had outlived his usefulness, and that Beijing would never tolerate a billionaire with so much power and influence, both at home, and in the West.

Xiao Qiang, a research scientist at the University of California at Berkeley School of Information, noted that “this directive is severe and unusual,” adding more ominously that:

“the language [of the directive] is quite similar to the directives on ‘very important political event’ reports such as the trial of Bo Xilai,” he added, referring to the disgraced former politician jailed for life for corruption.

One state media employee even ventured that:

“I think Beijing is still afraid of Alibaba to a degree… The government thinks it’s being challenged.”

Unofficial media in China, such as online blogs, have continued to speculate on Mr Ma’s whereabouts, although several have been censored, as China’s courts have just offered up the latest example of just how little the Party cares about preserving human dignity and life. In keeping with China’s heavy handed punishments against public corruption, a former chairman of one of the country’s top 4 state-controlled asset managers was sentenced to death on Tuesday over allegations he accepted 1.8BN yuan (roughly $277M).

We suggest Mr. Ma “lay low” a little longer (or call Carlos Ghosn for some tips of escaping government’s clutches).

END

CHINA/USA

Wall Street rejoices that Alibaba and TenCent are not on an updated list of Chinese Military Companies banned from USA trading.

(zerohedge)

Alibaba, Tencent Surge After Treasury Excludes Them From Updated List Of Chinese Military Companies

FRIDAY, JAN 08, 2021 – 11:16

Amid rising market fears that Trump is set to throw a growing number of Chinese companies under the bus and ban US investors from putting money into such Chinese megacap giants as Alibaba and Tencent along with various Chinese telecom companies following a Dow Jones report from Wednesday that both Alibaba and Tencent would be included in the Treasury ban list, moments ago the Treasury released its updated list of Chinese Military Companies.

What is notable is that while the list of 36 companies did include such previously mentioned telecom giants as China Mobile and China Telecom, it did not include Tencent and Alibaba. The news helped spark a surge in ADRs of the two companies and boosted broader risk sentiment, which however also pushed the 10Y to session highs which in turn is now depressing stocks.

The full list of Chinese military companies as tagged by the Treasury is below (pdf link).

Ns Ccmc List by Zerohedge

4/EUROPEAN AFFAIRS

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

6.Global Issues

CORONAVIRUS UPDATE/USA/GLOBE

Why are we seeing cases rise despite the vaccine being out for almost a month?

US Tops 4K Daily COVID Deaths For 1st Time; UK Approves Moderna Jab: Live Updates

FRIDAY, JAN 08, 2021 – 9:15

Summary:

  • US sees record 4K+ new deaths; 266K new cases
  • Global cases are 88.2
  • UK approves Moderna jab for emergency use
  • London mayor warns city in “crisis mode”
  • Alabama, Nevada and Arizona see most hospitalizations per person
  • Queensland, Australia imposes 3 day lockdown on Greater Brisbane
  • EU agrees to buy 300MM more Pfizer jabs
  • Greece orders mandatory 1-week lockdown

* * *

For the first time since SARS-CoV-2 escaped Wuhan roughly 13 months ago, the US reported more than 4K COVID-linked deaths in a single day, a new record. Meanwhile, down in Brazil, authorities saw the national death toll eclipse 200K.

All told, the US is closing in on 21.6MM confirmed cases, while the death toll (still the highest in the world, according to the official number) is closing in on 400K. Cases also saw a record-breaking surge of 266K new cases, as the backlog of cases from the holiday has finally disappeared.

Among the four major regions of the US, the South is now struggling with surging hospitalizations led by Texas and Florida, while California (itself led by LA County) drives hospitalizations higher in the West.

On a per capita basis, Alabama, Nevada and Arizona are leading the country in current hospitalizations.

Europe, meanwhile, is seeing cases surge, presumably driven by the “mutated” strains first isolated in Britain and South Africa. Case in point: daily infections per capita in the UK have surged.

Speaking of the “mutant” COVID variants, new early study data shows the Pfizer-BioNTech vaccine likely is effective against the new COVID “variants” discovered in the UK and South Africa. On the supply side, the European Commission President Ursula von der Leyen struck a new deal with Pfizer to buy another 300MM doses of the COVID vaccine it developed with BioNTech. On the other hand, the UK on Friday authorized the jab developed by Moderna for emergency use.

According to Bloomberg, the trial testing the vaccines against the new COVID strain found that research examined the response to the mutant viruses in blood samples taken from 20 people who had gotten the companies’ mRNA vaccine as part of a previous clinical trial. The research didn’t study other mutations in the spike protein. Still, the antibodies in the vaccinated people’s blood did just as good a job at disarming the mutant virus as they did with the non-mutant version.

As the UK leads the world (aside from Israel) in vaccinations, the country has ordered 7MM doses, which are expected to be delivered later in the year. It has previously approved vaccinations from Pfizer and AstraZeneca. The mayor of London, meanwhile, warned that the city is presently caught up in a COVID induced crisis.

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

  • Australia’s Queensland state Premier announced a 3-day lockdown in Greater Brisbane due to COVID-19, while Australian PM Morrison said the COVID-19 situation in Brisbane is serious and that they will require pre-flight COVID testing on international flights, as well as reduce caps by half on international arrivals to some states through to February 15th (Source ssooo
  • Japan’s Kyoto, Osaka and Hyogo are reportedly to cooperate and request for the government to declare a state of emergency for them. While Tokyo coronavirus cases increase by more the 2,300 today, according to NHK. (Source: Newswires)
  • Greece is introducing a compulsory one-week quarantine for all international air arrivals, including from other European Union countries. Arrivals from the U.K. will additionally face stricter testing under the rules, which run through Jan. 21, the country’s civil aviation authority said Friday (Source: Bloomberg).
  • Croatia extended pandemic-fighting restrictions until Jan. 31, Deputy Prime Minister Davor Bozinovic told reporters in Zagreb. The measures, previously due to end Jan. 10, include the closure of bars, restaurants, gyms and most schools (Source: Bloomberg).

* * *

Finally, Spain’s coronavirus outbreak has worsened as the number of cases continues to rise in the next few weeks, Health Minister Salvador Illa said at a press conference in Madrid. To dig the country out of this mess, it will be critical for the public to follow new restrictions on travel and movement.

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 FRIDAY morning 7:00 AM….

Euro/USA 1.2249 DOWN .0020 REACTING TO MERKEL’S FAILED COALITION/ REACTING TO +GERMAN ELECTION WHERE ALT RIGHT PARTY ENTERS THE BUNDESTAG/ huge Deutsche bank problems ///ITALIAN CHAOS//CORONAVIRUS/PANDEMIC/TRUMP POSITIVE WITH VIRUS /AND NOW ECB TAPERING BOND PURCHASES/JAPAN TAPERING BOND PURCHASES /USA RISING INTEREST RATES /FLOODING/EUROPE BOURSES /GREEN

USA/JAPAN YEN 103.89 UP 0.092 (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 1.3593   UP   0.0024  (Brexit March 29/ 2019/ARTICLE 50 SIGNED/BREXIT FEES WILL BE CAPPED/

USA/CAN 1.2692 UP .0007 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  FRIDAY morning in Europe, the Euro FELL BY 20 basis points, trading now ABOVE the important 1.08 level FALLING to 1.2249 Last night Shanghai COMPOSITE DOWN 6.10 PTS OR .17% 

//Hang Sang CLOSED UP 329.70 PTS OR 1.20% 

/AUSTRALIA CLOSED UP 0.63%// EUROPEAN BOURSES ALL GREEN

Trading from Europe and Asia

EUROPEAN BOURSES ALL GREEN

2/ CHINESE BOURSES / :Hang Sang CLOSED UP 329.70 PTS OR 1.20% 

/SHANGHAI CLOSED DOWN 6.10 PTS OR .17% 

Australia BOURSE CLOSED UP 0.63% 

Nikkei (Japan) CLOSED UP 648.90  POINTS OR 2/63%

INDIA’S SENSEX  IN THE GREEN

Gold very early morning trading: 1882.60

silver:$26.53-

Early FRIDAY morning USA 10 year bond yield: 1.09% !!! UP 1 IN POINTS from THURSDAY’S night in basis points and it is trading WELL BELOW resistance at 2.27-2.32%.

The 30 yr bond yield 1.856 UP 1  IN BASIS POINTS from THURSDAY night.

USA dollar index early FRIDAY morning: 89.88 UP 5 CENT(S) from  THURSDAY’s close.

This ends early morning numbers FRIDAY MORNING

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx6

And now your closing  FRIDAY NUMBERS \1: 00 PM

Portuguese 10 year bond yield: -0.03% DOWN 4 in basis point(s) yield from YESTERDAY/

JAPANESE BOND YIELD: +.04.%  UP 2   BASIS POINTS from YESTERDAY/JAPAN losing control of its yield curve/56

SPANISH 10 YR BOND YIELD: 0.04%//UP 1 in basis point yield from yesterday.

ITALIAN 10 YR BOND YIELD:0.53 DOWN 3 points in basis points yield from yesterday./

the Italian 10 yr bond yield is trading 49 points higher than Spain.

GERMAN 10 YR BOND YIELD: FALLS TO –.52% IN BASIS POINTS ON THE DAY//

THE IMPORTANT SPREAD BETWEEN ITALIAN 10 YR BOND AND GERMAN 10 YEAR BOND IS 1.06% 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…

IMPORTANT CURRENCY CLOSES FOR FRIDAY

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

Euro/USA 1.2261  DOWN     .0008 or 8 basis points

USA/Japan: 103.82 UP .052 OR YEN DOWN 5  basis points/

Great Britain/USA 1.3583 UP .0014 POUND UP 14  BASIS POINTS)

Canadian dollar DOWN 16 basis points to 1.2700

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The USA/Yuan,  CNY: closed DOWN AT 6.4559    ON SHORE  (DOWN).

THE USA/YUAN OFFSHORE:  6.4559  (YUAN DOWN)..

TURKISH LIRA:  7.3619  EXTREMELY DANGEROUS LEVEL/DEATH WISH.

the 10 yr Japanese bond yield  at +0.04%

Your closing 10 yr US bond yield UP 3 IN basis points from THURSDAY at 1.115 % //trading well ABOVE the resistance level of 2.27-2.32%) very problematic USA 30 yr bond yield: 1.8830 UP 3 in basis points on the day

Your closing USA dollar INDEX, 89.94 UP 11  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 FRIDAY: 12:00 PM

London: CLOSED UP 16.67  0.24%

German Dax :  CLOSED UP 81.29 POINTS OR .58%

Paris Cac CLOSED UP 37.03 POINTS 0.65%

Spain IBEX CLOSED DOWN 0.50 POINTS or 0.01%

Italian MIB: CLOSED UP 47.86 POINTS OR 0.21%

WTI Oil price; 51.69 12:00  PM  EST

Brent Oil: 55.39 12:00 EST

USA /RUSSIAN /   RUBLE RISES:    74.00  THE CROSS LOWER BY 0.73 RUBLES/DOLLAR (RUBLE HIGHER BY 73 BASIS PTS)

TODAY THE GERMAN YIELD FALLS  TO –.52 FOR THE 10 YR BOND 1.00 PM EST EST

END

This ends the stock indices, oil, currency crosses, STOCK EXCHANGE NUMBERS, 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 :  52.55

BRENT :  56.09

USA 10 YR BOND YIELD: … 1.113..up 3 basis points…

USA 30 YR BOND YIELD: 1.870 up 2 basis points..

EURO/USA 1.2224 ( DOWN 45   BASIS POINTS)

USA/JAPANESE YEN:103.94 UP .138 (YEN DOWN 14 BASIS POINTS/..

USA DOLLAR INDEX: 90.05 UP 22 cent(s)/

The British pound at 4 pm   Britain Pound/USA:1.3563 down 6  POINTS

the Turkish lira close: 7.38

the Russian rouble 74.22   up 0.52 Roubles against the uSA dollar. (up 52 BASIS POINTS)

Canadian dollar:  1.2698 down 13 BASIS pts

German 10 yr bond yield at 5 pm: ,-0.52%

The Dow closed DOWN 134.09 POINTS OR 0.48%

NASDAQ closed DOWN 251.49 POINTS OR 2.22%


VOLATILITY INDEX:  21.48 CLOSED DOWN .89

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

USA trading today in Graph Form

Stocks, Bond Yields, & Crypto Soar Amid Payrolls Plunge, “Damaged” Democracy, & Biden’s “Trillions”

FRIDAY, JAN 08, 2021 – 16:00

So, the first week of the year brought us – the worst first day for stocks in two decades, the “darkest day in American democracy”, a dismal jobs print (far worse than expected), ISM beats that were almost entirely predicated on model misattribution of global supply chain disruptions, a blue-sweep of government (fiscal-palooza), and the highest levels of COVID “cases” and deaths.

What really mattered? The Fed said “no taper” anytime soon, and promises of more $2000 checks and more and more – both of which sparked ‘reflation’ trades everywhere with cryptos soaring, bond yields spiking and Small-Caps surging relative to Big-Tech.

After the S&P 500’s worst start to a year since the Dot-com mania, markets took off with Small Caps by far the week’s biggest gainers…

Everything was fine today until a) 10Y Yields broke above 1.10% (VaR shock impacts on stocks), and b) Sen. Manchin spoiled the party by saying he would not support $2000 checks)…

But Biden saved the day late-on with promises of lots of money for all…$15 min wage for all… and stimulus in the trillions… stocks went wild! (Small Caps had a down day today)

Small Caps continue to push up towards the key downtrend against Nasdaq…

Source: Bloomberg

The S&P 500 was noisy around the 3800 level, before being panic bid after Biden spoke…

Which, as SpotGamma notes, is a key technical level from the options market…

Banks were bid as yields rose all week but fell today as the velocity of the yield spike spooked some…

Source: Bloomberg

Biotechs soared all week (until this afternoon) with Nasdaq Biotech Index topping 5000 for the first time…

Source: Bloomberg

And then there’s TSLA!!… which surpassed FB in market cap today with its best week since July…

Source: Bloomberg

It’s been quite a wild ride…

Source: Bloomberg

Bond yields surged higher on the week – the biggest spike in 30Y yields since June 2020…

Source: Bloomberg

10Y Yields broke out this week…

Source: Bloomberg

…back to their highest since March…

Source: Bloomberg

Real Yields soared this week (biggest spike since March 2020), after hitting record lows, weighing heavily on gold prices…

Source: Bloomberg

Notably for European and Japanese traders, FX-hedged Treasury yields are the most attractive since 2017…

Source: Bloomberg

Additionally, Japan’s 30-year bond yields have dropped below currency-hedged 10-year Treasury yields for the first time since 2017…

Source: Bloomberg

The dollar rallied on the week with a decent spike yesterday and follow through today…

Source: Bloomberg

Cryptos were the major headline makers on the week, with ETH up over 60% and BTC up 40%…

Source: Bloomberg

With Bitcoin tagging $42,000 intraday at its peak…

Source: Bloomberg

And Ethereum nearing $1300 twice…

Source: Bloomberg

Is Bitcoin tracking 1970s gold?

Source: Bloomberg

Gold was clubbed like a baby-seal this week after a strong start up to pre-vaccine levels…

WTI continued its post-election, post-Fed, post-vaccine (and now post-Saudi fold) surge nearing $52 this week…

Copper closed higher on the week but was weak today…

Finally, there’s Goldman Sachs CEO David Solomon:

“The markets have been quite ebullient as of late. You know, I think there’s some excess in markets.”

“I think there’s a lot of retail participation in markets that’s certainly making markets a little bit more ebullient. I’d be cautious about some of that.”

And then there’s Fed Vice Chair Clarida who said he’s “not worried by stock market values… they’re adjusting to a more positive outlook.”

Very positive indeed.

Source: Bloomberg

Of most note today though was the reaction of stocks to bond yields’ spike – be careful what you wish for…

Source: Bloomberg

a)Market trading/THIS MORNING/USA

Stocks Slammed Again As 10Y Yield Spikes Above CTA Liquidation Trigger

FRIDAY, JAN 08, 2021 – 11:17

The spike in Treasury yields this morning has triggered weakness in stocks once again this morning…

This is the second time this morning that stocks have broken down on a break of that technical level

As we noted previously, if and when CTAs turn from sellers to outright shorters, accelerating the downward momentum in the 10Y price (and spike in yield), it may turn ugly fast, because as Morgan Stanley explained yesterday, while a slow push higher in the 10Y yield won’t affect risk assets materially, “should that adjustment in rates occur more rapidly, all stock prices will adjust lower, perhaps sharply, rather than just go sideways.”

b)MARKET TRADING/USA//Non farm payrolls

Your phony jobs report

(zerohedge)

Huge December Payrolls Miss: 140,000 Jobs Lost, Worst Month Since April

FRIDAY, JAN 08, 2021 – 8:33

As previewed earlier when we said “December Payrolls Preview: Brace For A Very Ugly Number“, as a result of the second wave of covid shutdowns economists expected a sharp slowdown in December job growth in the U.S., with more than a quarter of those surveyed – including Goldman – predicting a negative print. Yet as Bloomberg notes, while the data is “almost certain to show an ongoing loss of labor-market momentum — indeed, it could reveal outright job losses — one could argue that it’s already outdated.” After all, a fresh stimulus package was passed towards the end of last month, and there is every chance of a further one in the months to come. Moreover, the prospect of vaccine-related normalization still hovers in the future, even if the current reality of the pandemic looks fairly grim. Finally, with this the last payroll month under the Trump admin, it is hardly a secret that the BLS would look to have a kitchen sink month where the upward “government massaged data” over the past 4 years catches down to reality.

With all that in mind, it was still a surprise just how ugly the December print was, with the BLS reporting that a whopping 140K jobs were lost last month, the first monthly job loss since April’s record drop...

… on consensus expectations of a 50K print (although Goldman’s -50K forecast was close), resulting in a 190,000 miss to expectations. The -140K print was worse than all but three of 66 forecasts in the Bloomberg survey.

Employment declines were concentrated in leisure and hospitality, private education, and government were partially offset by gains in professional and business services, retail trade, construction, and transportation and warehousing. Also due to the harsh weather in December, workers unable to work due to bad weather was 111K.

It appears that the post-covid recovery is stalling about halfway on the way up to the pre-covid record highs.

In terms of prior month revisions, the change in total payrolls for October was revised up by 44,000, from +610,000 to +654,000, and the change for November was revised up by 91,000, from +245,000 to +336,000. With these revisions, employment in October
and November combined was 135,000 more than previously reported, although that number is largely irrelevant as a result of the late-year lockdowns.

Notably, the job losses were almost entirely concentrated in leisure and hospitality. The sector saw employment decline by 498,000 last month. Three-quarters of the decrease came from food services and drinking places (-372,000). Employment also fell in the amusements, gambling, and recreation industry (-92,000) and in the accommodation industry (-24,000). Since February, employment in leisure and hospitality is down by 3.9 million, or 23.2 percent.

That said, while the Establishment survey was ugly, the Household survey showed a slightly better picture, with the number of employed actually rising by 21K from 149,809K to 149,830K while the number of unemployed was virtually unchanged at 10.7 million.

The unemployment rate was unchanged at 6.7%, on expectations of an increase to 6.8%. Of note: Hispanic Americans saw the biggest monthly increase in unemployment, the rate rising from 8.4% to 9.3%. At the same time, the participation for Black, Hispanic and Asian Americans also declined, while it rose slightly for White workers.

The labor force participation rate was unchanged at 61.5%.

Average hourly earnings for all employees on private nonfarm payrolls increased by 23 cents to $29.81, while average hourly earnings of private-sector production and nonsupervisory employees increased by 20 cents to $25.09. On a Y/Y basis, average hourly earnings increased by 5.1%, up from 4.4% and better than the 4.5% expected, which however was likely due to lower-income jobs being lost.

The average workweek for all employees on private nonfarm payrolls declined by 0.1 hour to 34.7 hours in December. In manufacturing, the workweek was unchanged at 40.2 hours, and overtime increased by 0.1 hour to 3.3 hours. The average workweek for production and nonsupervisory employees on private nonfarm payrolls was unchanged at 34.2 hours.

A closer look at which industries were affected most in December:

  • Employment in leisure and hospitality declined by 498,000, with three- quarters of the decrease in food services and drinking places (-372,000). Employment also fell in the amusements, gambling, and recreation industry (-92,000) and in the accommodation industry (-24,000). Since February, employment in leisure and hospitality is down by 3.9 million, or 23.2 percent.
  • Employment in private education decreased by 63,000. Employment in the industry is down by 450,000 since February.
  • Government employment declined by 45,000. Employment in the component of local government that excludes education declined by 32,000, and state government education lost 20,000 jobs. Federal government employment increased by 6,000.
  • Other services lost 22,000 jobs, with over half of the loss in personal and laundry services (-12,000).
  • Employment in professional and business services increased by 161,000, with a large gain in temporary help services (+68,000). Job growth also occurred in computer systems design and related services (+20,000), other professional and technical services (+11,000), management of companies and enterprises (+11,000), and business support services (+7,000).
  • Retail trade added 121,000 jobs, with nearly half of the growth occurring in the component of general merchandise stores that includes warehouse clubs and supercenters (+59,000). Job gains also occurred in nonstore retailers (+14,000), automobile dealers (+13,000), health and personal care stores (+10,000), and food and beverage stores (+8,000).
  • Construction added 51,000 jobs, but employment in the industry is 226,000 below its February level. In December, employment rose in residential specialty trade contractors (+14,000) and residential building (+9,000), two industries that have gained back the jobs lost in March and April. In December, employment also increased in nonresidential specialty trade contractors (+18,000) and in heavy and civil engineering construction (+15,000).
  • Employment in transportation and warehousing rose by 47,000, largely in couriers and messengers (+37,000). While employment in transportation and warehousing overall is 89,000 lower than in February, employment in couriers and messengers has increased by 222,000 over the same period. In December, employment also grew in warehousing and storage (+8,000) and in truck transportation (+7,000), while transit and ground passenger transportation lost 9,000 jobs.
  • Health care added 39,000 jobs. Employment growth in hospitals (+32,000) and ambulatory health care services (+21,000) was partially offset by declines in nursing care facilities (-6,000) and community care facilities for the elderly (-5,000). Health care employment is 502,000 lower than in February.
  • Manufacturing employment increased by 38,000, with gains in motor vehicles and parts (+7,000), plastics and rubber products (+7,000), and nonmetallic mineral products (+6,000). By contrast, miscellaneous nondurable goods manufacturing lost 11,000 jobs over the month.
  • Wholesale trade employment rose by 25,000 but is down by 251,000 since February. In December, job gains occurred in durable goods (+11,000) and nondurable goods (+11,000).

In retrospect, none of this will matter, because as noted up top, what matter is what happens next and how big the stimulus will be: as Bloomberg’s Jeffrey Rosenberg said, “We’re looking past the near-term weakness towards the policy response, and that means better growth, and higher rates” for Treasuries. “I don’t think this report is going to take us off that trend.”

And once again for the cheap seats, in case it is still unclear why this dismal number is ugly: as Bloomberg concludes, “for any economists who haven’t yet made a forecast for the size of the Covid-19 relief package that’s expected after the Biden administration takes office, this is likely to expand their estimate.” So… $3 trillion… or $5 trillion… or $10 trillion… and will Bitcoin be $1 million next?

END
They are probably right on this: 372,000 waiters and bartenders lost their jobs in December
(zerohedge)

Who’s Hiring And Who’s Firing: 372,000 Waiters And Bartenders Lost Their Jobs In December

FRIDAY, JAN 08, 2021 – 12:16

As we have been warning for quite some time – and again overnight – the (largely irrelevant) December jobs report was a bomb, with nonfarm payrolls tumbling 140k in December, well below consensus and its first decline since April, as a result of the widespread covid lockdowns at the end of 2020.

That said, the composition of the establishment survey was firmer however, with job gains in 61% of industries. Indeed, excluding the 498k drop in the virus-sensitive leisure sector, payrolls rose 358k. As Goldman notes, school closures may have also weighed on the report (public and private education -83k), and the virus-sensitive “other services” category was also soft (-22k). Elsewhere, job growth surprisingly accelerated in professional and business services (+161k), retail (+121k) and construction (+51k). Manufacturing payrolls (+38k) increased for the eighth consecutive month.

A full breakdown of who was hiring in December, and who wasn’t, is shown below.

The biggest reason for the drop – food service and drinking place workers, i.e., waiters and bartenders, tumbled by a whopping 372K in December amid the widespread lockdowns.

Finally, courtesy of Bloomberg, below are the industries with the highest and lowest rates of employment growth for the most recent month. Additionally, monthly growth rates are shown for the prior year.

end

Grim and unlikely to get much better before the spring’: economists react to December employment report

Jan. 8, 2021 at 9:47 a.m. ET

MarketWatch

Economy is ‘chilled but not frozen’

The U.S. December employment report showed a loss of jobs for the first time since last April.

Businesses and government shed 140,000 jobs last month, with the unemployment rate holding steady at 6.7%.

Stocks opened higher Friday, despite the weak employment data, with the S&P 500 and Nasdaq Composite touching all-time highs. The Dow Jones Industrial Average DJIA, 0.17% rose 88 points, or 0.3%, to 31,129, while the S&P 500 SPX, 0.49% gained 18 points, or 0.5%, to 3,822. The Nasdaq Composite COMP, 0.78% advanced 98 points, or 0.8%, to 13,165.

Below are some initial reactions from economists:

*”The report is remarkably weak with leisure and hospitality down almost 500,000 jobs. It’s all about the Covid resurgence,” said Jeffrey Rosenberg, senior portfolio manager at BlackRock, in an interview with Bloomberg.

*”The more reassuring aspect of the report is that employment declines were very concentrated, with most industries outside leisure and hospitality seeing gains. It still looks like GDP expanded in Q4 2020,” said Brian Coulton, Fitch Chief Economist.

*”In one line: Grim and unlikely to get much better before the spring. The details tell a story consistent with the surge in COVID cases in recent months, and the restrictions imposed to try to contain the pandemic,” said Ian Sheperdson, chief economist at Pantheon Macroeconomics. The Nasdaq Composite Index COMP, 0.84% climbed 326.69 points, or 2.6%, to reach a milestone at 13,067.48, a closing high.

*”Employment is chilled but not frozen. While these bleak numbers represent a weak handoff to 2021, the labor market recovery is expected to strengthen over the spring and summer as vaccinations lead to a gradually improving health situation. We foresee monthly job creation averaging about 400k in 2021 with a slow start to the year followed by a mini summer boom, and the economy recovering about 6mn jobs,” Gregory Daco, chief U.S. economist at Oxford Economics.

-END-

ii)Market data/USA

US Consumers Unexpectedly Paid Down Their Credit Cards In November; Have “Uncharged” $115BN In 2020

FRIDAY, JAN 08, 2021 – 15:18

There appears to be a major discrepancy between BofA’s in house debit/credit card data, which showed a remarkable increase in the month of November…

… and the Fed’s own consumer credit data aggregation, because according to the latest Consumer Credit (G.19) report, in November revolving debt, i.e., credit card debt, shrank for a second consecutive month declining by $787MM following the $5.5 billion drop in October.

This means that in the first 11 months of 2020, US consumers have paid down a record $115bn in credit card debt.

The flip side, however, is that as revolving credit dropped, non-revolving credit rose, and in November US consumers increased their student and auto loans – the two largest component of this category – by $16 billion…

… bringing the total November change to $15.3 billion, well above the $9BN increase expected by economists.

This means that even as Americans turned thrifty on their credit cards, they went to town on loans made where either the Federal Government has some implicit backstop, such as student loans which will likely be discharged in part or in whole by the Biden admin, or where they used the cash to buy cars, which is also understandable when one can take out a loan which maturity is well beyond the viable life of the actual (used) car being purchased. The implication in both is that nobody – neither the lender nor the borrower – expects that the loan will ever be repaid, something which can’t be said about credit card debt (at least for now).

iii) Important USA Economic Stories

Before the news:

DNI report delivered to Congress right after certification Jan 7.2021.

Also being filmed Trump supporters disarming Antifa

(Before the News)

DNI Report Delivered to Congress Right After Certification – It’s Not Over Yet – PLUS: Trump Supporters Filmed Disarming ANTIFA & Much More

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ODNI Newsroom

Transparent Timing, Intelligence Community Assessment on Foreign Interference in 2020 Election Submitted to Congress Hours After Electoral Certification.

DNI Report Delivered to Congress Right After Certification, this means a neutral entity found major election fraud, now they really have egg on their faces.

This report was due to be delivered on Dec 18th, then is was set back until January. This is a big deal. Was the date set to allow them to certify Biden as president so there would be no loopholes for these traitors to slither through?

This looks like a strategic chess move.

Next up is the ANTIFA crowd swarming the Capital Building.

Trump supporters wrestle ANTIFA Member to the ground and take away their weapons they were using to break glass out of the doors to gain access, as a women in the back ground screams, ANTIFA< ANTIFA< ANTIFA< ANTIFA… over and over and over… There’s little doubt at this point who is responsible for that episode.

Then how about the capital police inside the building directing the protesters to the desired location for the shooting scene, and notice that there are cops with the protesters, as the shooting happens, then they give a thumbs up to the shooter for some reason, can you figure out why? Then they spin the victim for a better camera angle, minutes later blood appears…

Here’s the full report with supporting links below and actual twitter videos below. Please share this and get the truth out.

United We Stand Patriots!

end
WASHINGTO EXAMINER
(A GOOD NEWSPAPER/UNBIASED)

Intelligence analysts downplayed Chinese election influence to avoid supporting Trump policies, inspector finds

Politicization problems exist in U.S. spy agency assessments on foreign influence in the 2020 U.S. election, including analysts who appeared to hold back information on Chinese meddling efforts because they disagreed with the Trump administration’s policies, according to an intelligence community inspector.

Barry Zulauf, an analytic ombudsman and longtime intelligence official, issued a 14-page report obtained by the Washington Examiner to the Senate Intelligence Committee on Thursday, revealing his investigation was “conducted in response to IC complaints regarding the election threat issue.” In addition, he lamented the “polarized atmosphere has threatened to undermine the foundations of our Republic, penetrating even into the Intelligence Community.”

The intelligence community’s classified assessment on foreign influence in the 2020 election, which will not focus on claims of mail-in fraud or unfounded allegations of voting machines flipping millions of votes, was also submitted to Congress on Thursday. Expected in December, the assessment was delayed as senior intelligence officials clashed over the role played by China, and as director of national intelligence, John Ratcliffe sought to include more viewpoints in the final analysis.

“Given analytic differences in the way Russia and China analysts examined their targets, China analysts appeared hesitant to assess Chinese actions as undue influence or interference. The analysts appeared reluctant to have their analysis on China brought forward because they tend to disagree with the administration’s policies, saying in effect, I don’t want our intelligence used to support those policies,” Zulauf concluded, saying this behavior violated analytic standards requiring independence from political considerations.

The ombudsman shared a number of recommendations he said had been accepted by Ratcliffe, including to “reinforce through direct leadership communications from ODNI to the workforce as a whole, and from agency heads to all IC agencies, the importance of protecting analytic integrity and a renewed commitment to analytic objectivity and avoiding politicization in both policy and practice.”

Ratcliffe, a former Republican congressman from Texas, signed a three-page unclassified letter on Thursday, also obtained by the Washington Examiner, in which he contended that “from my unique vantage point as the individual who consumes all of the U.S. government’s most sensitive intelligence on the People’s Republic of China, I do not believe the majority view expressed by the Intelligence Community analysts fully and accurately reflects the scope of the Chinese government’s efforts to influence the 2020 U.S. federal elections.” The ombudsman report, Ratcliffe added, “includes concerning revelations about the politicization of China election influence reporting and of undue pressure being brought to bear on analysts who offered an alternative view based on the intelligence.”

A senior intelligence official told the Washington Examiner that “inside the IC, we’re going to have to wrestle with the issues outlined in this report and the revelation that our own internal umpire basically said Ratcliffe was right and some of our career people, even CIA management, were politicizing China intelligence.”

This comes four years after an assessment on Russian meddling in the 2016 election, which is still contested by some, and the backdrop of the debate is laden with rising concern about China’s influence over U.S. lawmakers, a massive SolarWinds hack assessed to have been likely conducted by Russia, and the chaos on Wednesday as supporters of President Trump stormed the Capitol and attempted to stop Congress from counting the electoral votes certifying President-elect Joe Biden win.

Congress worked late into the night and the early morning, certifying Biden’s victory just before 4 a.m. on Thursday. Following the decision, Trump said he would commit to an orderly transition of power on Inauguration Day.

A source familiar with the process of creating the 2020 assessment told the Washington Examiner that one reason for the delay in submitting the assessment to Congress, in addition to the internal debate, was a desire to get past Wednesday to ensure the report was not exploited for political reasons during the debate over the Electoral College votes counted by Congress. The source cited concerns about how politicians, such as outspoken Trump critics like House Intelligence Committee Chairman Adam Schiff, might exploit the report, but also sought to avoid allowing conspiracy theorists such as Trump-allied lawyers Sidney Powell and Lin Wood to make misleading claims about it that would make their way to Trump for him to latch on to as he refused to concede.

The ombudsman’s report added: “Russia analysts assessed that there was clear and credible evidence of Russian election influence activities. They said IC management slowing down or not wanting to take their analysis to customers, claiming that it was not well received, frustrated them. Analysts saw this as suppression of intelligence, bordering on politicization of intelligence from above.”

Zulauf said that “due to varying collection and insight into hostile state actors’ leadership intentions on domestic influence campaigns, the definitional use of the terms ‘influence’ and ‘interference’ and associated confidence levels are applied differently by the China and Russia analytic communities.” He pointed out that Russia analysts could rely on a formal definition document, but “there is no parallel document for China,” and so, “the terms were applied inconsistently across the analytic community.”

In his letter, Ratcliffe said that “it is clear to me that different groups of analysts who focus on election threats from different counties are using different terminology to communicate the same malign actions” and “similar actions by Russia and China are assessed and communicated to policymakers differently, potentially leading to the false impress that Russia sought to influence the election but China did not.”

The ombudsman said that “the most egregious example” of attempts to politicize intelligence “is the talking points provided alongside the written introductory statement delivered by, but not written by” National Counterintelligence and Security Center Director Bill Evanina in March 2019. Zulauf also pointed to Evanina’s July and August statements, saying Evanina “said that he assumed they represented coordinated IC views,” but the ombudsman concluded that “they in fact did not represent fully coordinated IC views.”

The ODNI under then-acting Director of National Intelligence Richard Grenell provided an unclassified fact sheet briefed to Congress in March, stating that “the IC has not concluded that the Kremlin is directly aiding any candidate’s reelection. … This is not a Russia-only problem.” In July, Evanina released a statement contending that “we’re primarily concerned with ChinaRussia, and Iran.”

The August assessment warned that Russia was “using a range of measures to primarily denigrate” Biden, noting that Ukrainian lawmaker Andrii Derkach was working to undermine the former vice president. Evanina also said Iran sought to “undermine” Trump and divide the country ahead of 2020. In addition, he said that “we assess that China prefers that President Trump … does not win reelection” and that China “has been expanding its influence efforts ahead of November 2020″ and “recognizes that all of these efforts” could affect the election.

Zulauf said that “analysts claim that NIC leadership consistently watered down conclusions during a drawn out review process, boosting the threat from China and making the threat from Russia sound not too controversial” and that “NIC officials pointed to ODNI senior officials as intervening in the changes.” But the ombudsman said Ratcliffe “just disagreed with the established analytic line on China” and quoted him insisting that “we are missing China’s influence in the U.S. and that Chinese actions ARE intended to affect the election.” The ombudsman said that “ultimately the DNI insisted in putting material on China in, and was aware analysts disagreed,” and “as a result, the final published NICA, analysts felt, was an outrageous misrepresentation of their analysis.” Zulauf said Ratcliffe acknowledged that “many analysts think I am going off script,” but “they don’t realize that I did it based on the intelligence.”

The ombudsman revealed two national intelligence officers wrote an “NIC alternative analysis memo” in October “which expressed alternative views on potential Chinese election influence activities” but stressed that “these alternative views met with considerable organizational counter pressure.”

“ODNI has to ensure that alternative views are expressed, even when they differ from the majority. A healthy challenge culture in the IC can foster differences of analytic views and ensure that they are shared in intelligence products,” Zulauf concluded. “In my discussions with him, DNI Ratcliffe agreed with the concerns expressed in the alternative analysis memo.” The ombudsman emphasized the analytic standard that assessments be based on all available sources of intelligence.

“The analytic ombudsman says Ratcliffe wasn’t being political — he was being honest that China intelligence was being suppressed for political reasons,” the senior intelligence official contended to the Washington Examiner.

“It is evident that what began as a mischaracterization of IC analytic assessment by ODNI officials escalated into an ongoing widespread perception in the workforce about politicization and loss of analytic objectively throughout the community on the topics of Russian and Chinese election influence and interference,” the ombudsman assessed. “No ODNI official has stated that reviews or edits of election threat intelligence were phrased in a way that was explicitly political in nature. Rather, from the ODNI leadership perspective, officials were seeking a way to deliver intelligence in a way that the Trump Administration would consume it.”

Ratcliffe contended that “the majority view expressed in this ICA with regard to China’s actions to influence the election fall short of the mark” and that “alternative viewpoints on China’s election interference efforts have not been appropriately tolerated.” He said the yet-classified ICA “gives the false impression” that the national intelligence officer for cyber “is the only analyst who holds the minority view on China” and that “placing the NIO Cyber on a metaphorical island by attaching his name alone to the minority view is a testament to both his courage and to the effectiveness of the institutional pressures that have been brought to bear on others who agree with him.”

“In 1962, a National Intelligence Estimate stated that the Soviet Union was unlikely to place missiles in Cuba. Then-CIA Director John McCone forcefully disagreed with the analysts, and later ordered the U-2 reconnaissance flights that discovered that missiles had in fact been deployed,” Ratcliffe concluded. “In that same spirit, I am adding my voice in support of the stated minority view — based on all available sources of intelligence, with definitions consistently applied, and reached independent of political considerations or undue pressure — that the People’s Republic of China sought to influence the 2020 U.S. federal elections.”

The Trump spy chief provided a glimpse into the internal intelligence community debate in December during an interview with the Washington Examiner.

“You have analysts that have been here from the Cold War era and are used to it being Russia, or in the last 20 years, it has been about counterterrorism — and again, I’m not minimizing those — but the greatest threat that we face and a greater amount of our focus needs to be on China,” Ratcliffe said.

END
Before the News:
In the Italian newspapers:  Italy played a major part in the election fraud!
(Before the News)

Maria Zack: Italy Did It – Arturo D’Elia Admits to Stealing @lect%on: This May Be The Biggest News Story Of The Year.

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Maria Zack Italy did it - Arturo D'Elia Admits to stealing @lect%on - YouTube

Documents were delivered to people in Congress and the Presidents Chief of Staff.

This May Be The Biggest News Story Of The Year.

President Trump Was Right, There Was Foreign Interference In The Election.

Affidavits are being submitted at 1:30 pm 1-7-2021

Voter Fraud Organization Maria Zack Italy did it – Arturo D’Elia Admits to stealing @lect%on

Click on the image below to listen to another perspective on this issue.

end

From Oct 4 2020

Ex-Italian Prime Minister Renzi threatens to sue George Papadopoulos

Matteo Renzi

Former Italian Prime Minister Matteo Renzi on Friday said he plans to sue President Donald Trump’s ex-campaign aide George Papadopoulos over allegations that Renzi attempted to undermine Trump’s 2016 presidential campaign.

Papadopoulos, in an interview earlier on Friday with Italian publication La Verita, claimed that Renzi was ordered by President Barack Obama to “strike a low blow” against Trump during the 2016 election.

Renzi in a Facebook post called Papadopoulos’ accusation “seriously damaging,” adding “see you in court,” according to Reuters.

Papadopoulos last year pleaded guilty to making a false statement in connection with former special counsel Robert Mueller’s investigation into Russian election meddling. He was sentenced to 14 days behind bars.

He quickly shot back at the former prime minister’s remarks, saying on Twitter: “My response to the failed former Italian Prime Minister who is threatening to sue me: good luck.” He added, “in the meantime, cooperate with the investigations into the direction you took Italy in 2016, which is now under investigation for attempting to interfere in the 2016 election.”

“I believe your hands should be full with John Durham and AG Barr,” he wrote in a follow-up tweet, a reference to the Connecticut U.S. attorney tasked with probing the origins of the counterintelligence investigation into the 2016 presidential election and Attorney General William Barr, who contacted Italian officials about the election probe.

Listen to Bradley Johnson on the scandal of election interference … it is in English .. he is a former CIA fellow.

https://www.lunico.eu/conte-finmeccanica-e-lambasciata-usa-dietro-la-frode-per-far-fuori-trump/

di Riccardo Corsetto

Riccardo Corsetto
Direttore L’UNICO

“Il Governo italiano e Conte sono direttamente coinvolti nella frode elettorale che ha condizionato le elezioni americane portando alla illegale vittoria di Joe Biden.”Dichiarazioni al tritolo quelle che l’ex spia CIA Bradley Johnson ha rilasciato al sito Intelreform.org. Secondo l’ex agente CIA a compiere l’hackeraggio ai danni di Trump sarebbe stata l’ambasciata americana a Roma, con la complicità di Leonardo, azienda partecipata al 30% dal governo italiano.

Leonardo, un tempo meglio nota col nome di Finmeccanica, secondo l’ex 007 U.S.A avrebbe utilizzato uno dei suoi satelliti per l’invio dei voti manipolati a Francoforte e poi inviati negli Stati Uniti per il tramite di Roma, come riporta  il giornalista Cesare SacchettiLeonardo S.p.A. è attiva nei settori della difesa, dell’aerospazio e della sicurezza. Il maggiore azionista è il Ministero dell’economia e delle finanze italiano, che possiede una quota di circa il 30%. In Leonardo-Finmeccanica sono confluite le attività delle società precedentemente controllate come AgustaWestland, Alenia Aermacchi, Selex ES, OTO Melara e Wass.  Leonardo è la decima più grande impresa di difesa del mondo e la terza più grande in Europa con entrate dal settore difesa che rappresentano il 68% del proprio fatturato. La società è quotata nell’indice FTSE MIB della Borsa di Milano. L’azienda è strutturata in 5 divisioni operative: Elicotteri, Velivoli, Aerostrutture, Elettronica e Sistemi per la Sicurezza e le Informazioni.

Conte nei giorni scorsi era stato oggetto di articoli di stampa che narravano di progetti per istituire enti di intelligence privati.

Il coinvolgimento del Governo tramite Leonardo. Le accuse dell’Ex agente CIA, Bradley Johnson

conte
Il Presidente del Consiglio, Giuseppe Conte

Secondo le parole dell’agente CIA Bradley Johnson il Governo Conte potrebbe avere avuto un ruolo fondamentale nel colpo di Stato internazionale che avrebbe compromesso la rielezione del Presidente Donald Trump. Recentemente è la Svizzera ad essersi trovata sotto la pesante accusa di complicità nel presunto colpo di Stato informatico, come sostenuto da Neal Sutz, blogger svizzero-americano, che ha denunciato il ruolo attivo della Svizzera nelle frodi alle Presidenziali USA. Secondo alcune fonti è nel piccolo paese elvetico che sarebbe partito il complotto che avrebbe modificato il voto americano.

Scylt, il software svizzero legato a Dominion

Tutto parte da Scylt, ha denunciato Neal Sutz, un software acquistato dal servizio di poste nazionale svizzero, che è direttamente implementato nei dispositivi elettronici Dominion, il server al centro dello scandalo USA, direttamente collegato al magnate Soros e alla famiglia Clinton, e grazie al quale centinaia di migliaia di voti sarebbero stati spostati da Trump a Biden. Secondo Sutz, la Svizzera non avrebbe mai informato l’amministrazione Trump dei gravi difetti del software Scylt, noto al governo elvetico, e ha aggiunto di avere le prove del complotto che i legali del presidente Trump avrebbero acquisito.

Il blitz delle teste di cuoio USA e la sparatoria con la CIA

Johnson sostiene che anche l’Italia abbia giocato un ruolo determinante nelle operazioni di frode elettorale in America e conferma la veridicità dell’intervento militare delle forze speciali USA per recuperare i server di Dominion a Francoforte. Sul caso si era espresso anche il Generale statunitense McInerney, affermando che durante quel blitz sarebbe avvenuto uno scontro a fuoco tra militari USA e agenti della CIA. Uno scenario degno della migliore letteratura spy, smentita dall’Esercito USA ma avallata da Bradley Johnson.

Secondo l’ex spia, i dati oggetto di hackeraggio sono stati trasmessi da Francoforte a Roma, presso l’Ambasciata USA di via Veneto, dando a Roma un ruolo centrale nel presunto complotto elettorale internazionale.

La notte americana del 3 novembre scorso – otto del mattino ora italiana – lo spoglio dei voti fu interrotto simultaneamente, come dimostrano alcuni video ufficiali tratti dal circuito chiuso del seggio di Atlanta e che su questo giornale abbiamo ampiamente documentato.

A quel punto, sostiene Johnson, mentre i brogli erano già ampiamente avviati, gli hacker si accorgono che “Trump stava sopra a Biden per un numero elevatissimo e imprevisto di voti” tanto da rendere vana e non sufficiente la manipolazione per farlo perdere.

biden
Il Presidente eletto degli Stati Uniti, Joe Biden

Ecco allora che sarebbe entrata in azione l’ambasciata USA in Italia, coordinando l’hackeraggio ed elaborando “nuovi algoritmi”,  sostiene l’ex agente CIA, per far vincere il candidato DEM, Joe Biden.

Il ruolo dell’Ambasciata USA a Roma

L’ambasciatore USA in Italia, Lewis Eisenberg

Fantascienza o realtà? Non vi racconteremmo questa storia se non provenisse da un ex membro del servizio di spionaggio più potente del mondo. L’ambasciatore americano in Italia è Lewis Eisenberg, molto critico del disimpegno militare di Trump nel mondo, e molto vicino ai salotti neocon sionisti collegati al circuito Goldman.

Bradley Johnson mostra anche una fotografia: quella – sostiene – di un uomo del Dipartimento di Stato Americano, sbarcato all’aeroporto Leonardo da Vinci di Fiumicino. Secondo l’ex agente CIA l’uomo fu ospitato presso l’ambasciata USA di via Veneto per coordinare le operazioni di hackeraggio durante le operazioni elettorali.

Johnson torna quindi sul ruolo di ponte giocato da Leonardo Finmeccanica, di cui Alessandro Profumo è amministratore delegato, nominato dal governo Gentiloni e poi  riconfermato da Conte. Lo stesso Profumo che recentemente è stato condannato a 6 anni per aggiotaggio.

Chi è Bradley Johnson

Bradley Johnson si è ritirato da Senior Operations Officer e Capo della stazione presso la Direzione delle operazioni della Central Intelligence Agency. Ha prestato servizio in patria e all’estero con numerosi incarichi spesso durante periodi di conflitto armato. Ha prestato servizio all’estero a diretto sostegno della guerra contro il terrorismo Johnson è un esperto senior certificato in questioni di controspionaggio con una vasta esperienza diretta nel campo. È un esperto in questioni di intelligence e sorveglianza.

Ha esperienza in ambienti operativi pericolosi con il più alto livello di formazione e una vasta esperienza diretta nel settore commerciale per aree pericolose. La sua comprovata esperienza si estende anche ad ambienti operativi negati (i più difficili e restrittivi) con i più alti livelli di formazione offerti ovunque nell’USG o nel mondo e una vasta esperienza diretta.

trump e powell
Il Presidente degli Stati Uniti d’America, Donald Trump, e il Presidente della Banca Centrale USA, Jerome Powell

Johnson ha gestito la parte estera del programma PIFWC (Persons Indicated For War Crimes) e ha prestato servizio all’estero come capo stazione più volte. È un membro iscritto della The Cherokee Nation. Da quando si è ritirato dalla CIA, ha diretto una società di formazione legata all’intelligence.

Nell’estate del 2017, Johnson ha fondato l’organizzazione no-profit Americans for Intelligence Reform per creare consapevolezza per la corruzione politica e le capacità ridotte all’interno della comunità dell’intelligence e per aumentare il sostegno alle famiglie della CIA che hanno perso un membro della famiglia nell’esercizio delle loro funzioni . Il signor Johnson parla spesso in università, chiese ed eventi.

MCFILES INTERVIEW: ELECTION, ROME, LEONARDO CO. – HOW THEY TIE TOGETHER

(L’UNICO)

end

The Italian  affair

McFiles interview: Election, Rome, Leonardo Co. – how they tie together

“On the 6th, Trump released a video that contained a “proclamation to disperse.” This was the video in which he told everybody to “go home in peace.”  Trump’s proclamation to disperse is a necessary legal step before invoking the Insurrection Act.

This statement, it turns out, is a necessary step to invoke the militia or US armed forces to defend the republic.

10 USC Section 254 is called “Proclamation to disperse” and it explains:

Whenever the President considers it necessary to use the militia or the armed forces under this chapter, he shall, by proclamation, immediately order the insurgents to disperse and retire peaceably to their abodes within a limited time.

That is exactly what Trump did.

I am guessing the Democrats get what he did which is why impeachment is being tossed around.
What becomes even more intriguing is whether the DNI report was delivered. Because if it was and lays out the foreign interference laid out in video’s now being censored, there will be another act to be seen.
And if not may God have mercy on us all as war is coming along with great strive and everything will change”
end
\

ou were first to blog this … now Lin has it .. Armstrong is all over it .. but no one has what I sent you this morning

Cuomo’s COVID Vaccination Rollout In NY Is A Total Mess

FRIDAY, JAN 08, 2021 – 6:10

Gov. Andrew Cuomo is handling the Empire State’s vaccination rollout about as well as he protected the state’s nursing home residents during the early days of the pandemic.

When the state’s hospitals, like many other hospitals around the country, fell short of vaccination targets, Cuomo threatened to fine them if they vaccinated anybody who didn’t belong to one of the priority groups. When critics slammed the governor for creating more bureaucratic obstacles, he turned around and issued another order, leaving hospitals liable for hefty fines if they didn’t meet use up all the doses within 7 days of receiving them.

While Cuomo has apparently been too busy peddling his new book to pay much attention to all the criticism, New Yorkers are starting to catch on.

The governor’s latest transgression: Cuomo announced he’s building out a retail network to distribute vaccines at a series of sites around the state.

Even NYC Mayor Bill de Blasio attacked Cuomo over his vaccination plans, which prioritizes drug addicts living in state-run rehab facilities over NYPD officers who interact with the public every day.

Mayor de Blasio spoke out during a press conference earlier this week claiming the city needed “freedom to vaccinate,” while defending his plan to expeditiously vaccinate police officers and others who aren’t on Cuomo’s narrow list (which he expanded amid more criticism). When de Blasio informed Cuomo about his plan, he was “told by the state” that his massive push to vaccinate those people was not allowed, and he could only distribute doses to some NYPD medical core members.

Mayor de Blasio spoke out during a press conference earlier this week claiming the city needed “freedom to vaccinate,” while defending his plan to expeditiously vaccinate police officers and others who aren’t on Cuomo’s narrow list (which he expanded amid more criticism). When de Blasio informed Cuomo about his plan, he was “told by the state” that his massive push to vaccinate those people was not allowed, and he could only distribute doses to some NYPD medical core members.

“Yesterday I told you about new state rules that had come out that we interpreted – we think very clearly, very appropriately, very legally – to mean that we could vaccinate our correction officers. That we could vaccinate our police officers who respond to 9-1-1 calls who have to administer CPR…the folks who in any moment could be in very close, intimate proximity with another person,” de Blasio said.

Under Cuomo’s rules, only a few hundred emergency service officers are eligible to receive vaccine doses in the first distribution phase, vs. the roughly 36K officers on the force.

As of Thursday evening, NY State had reported just 430K vaccination doses administered, out of more than 1MM distributed.

At this rate, NY won’t finish the job for a long, long time.

iv) Swamp commentaries

Ted Cruz vs AOC

“I Ain’t Going Anywhere”: Ted Cruz Fires Back At AOC After She Calls For His Resignation

FRIDAY, JAN 08, 2021 – 9:01

Not ones to ever let a good “crisis” go to waste, liberal politicians including AOC and Ilhan Omar immediately took to social media over the last 48 hours to decry the group of protestors who breached the U.S. Capitol, using it as a crutch to not only justify the billions of dollars in damage done over the summer across U.S. cities during BLM riots, but also to suggest impeaching and/or ousting the current sitting President using the 25th Amendment.

They also hilarious called for the expulsion of several members of congress – an idea that was unfathomable while people like Senator Kamala Harris were stoking the flames of BLM riots over the summer. AOC led the idiocy (as usual) suggesting that Senator Ted Cruz and Senator Hawley “must resign” and, if they don’t, they Senate should move for their expulsion.

The comments from AOC came after Cruz made a Tweet calling the Capitol riots “terrorism”, stating: “The attack at the Capitol was a despicable act of terrorism and a shocking assault on our democratic system. We must come together and put this anger and division behind us. We must, and I am confident we will, have a peaceful and orderly transition of power.”

“Your complete refusal to acknowledge any of the above harm, wrongdoing, or even misjudgement; & your lack of any self-reflection in how these acts contributed to yesterday’s chaos is alarming. It is unbecoming of any elected official and makes you unfit for the office you occupy. Resign,” AOC later wrote.

Here’s a great primer of what the next two years is going to look like:

Cruz then called AOC a “liar” and said “I ain’t going anywhere”.

“When you and your socialist buddies try to massively raise taxes, when you try to pass the green new deal & destroy millions of jobs, when you push for amnesty, when you try to pack the Supreme Court w/ activists to undermine our Constitutional rights… I will fight that every step & stand with the People,” he wrote.

We can’t help but think this is only the beginning of the left using the Capitol protests to try and push their agenda further forward. And it sure this isn’t going to be the last chapter in the Cruz vs. AOC battle that the stage has been set for in the coming years…

end

Miami Doctor Dies After Receiving First Dose Of Pfizer Vaccine

\
FRIDAY, JAN 08, 2021 – 9:50

As the US sees 4K confirmed COVID-19 deaths in a single day, the CDC is reporting another shocking potential reaction to the new mRNA-vector COVID-19 vaccines: A doctor in Miami has died two weeks after receiving his first dose of the Pfizer-BioNTech jab.

Heidi Neckelmann, the widow of Dr. Gregory Michael, said her husband was vaccinated on Dec. 18, and died 16 days later. He was 56 years old, according to Sputnik. Patients typically receive a second dose of the vaccine 3 weeks after the first.

“In my mind his death was 100 percent linked to the vaccine. There is no other explanation,” she said. “He was in very good health. He didn’t smoke, he drank alcohol once in a while but only socially. He worked out, we had kayaks, he was a deep sea fisherman,” she added.

What’s more, the doctor started to experience unusual symptoms, and three days after vaccination, small spots began to appear on Gregory Michael’s feet and hands. In response, he went to the emergency room at Mount Sinai. As his blood count was not in the normal ranges, he was admitted to the ICU, his wife told Sputnik. Shortly after, he suffered a stroke and died.

Three days after vaccination, small spots began to appear on Gregory Michael’s feet and hands. In response, he went to the emergency room at Mount Sinai. As his blood count was not in the normal ranges, he was admitted to the intensive care unit, according to Heidi Neckelmann. Unfortunately, shortly after, he suffered a stroke and died.

According to Darren Caprara, director of operations at the Miami-Dade medical examiner’s office, Gregory Michael’s death is the first that the county medical examiner’s office has seen where a COVID-19 vaccine could have played a role.

Earlier, Carlos Palestino, the brother-in-law of Mexican doctor Karla Cecilia Perez, was paralyzed hours after receiving the Pfizer/BioNTech COVID-19 vaccine, according to reports.

There have been several anecdotal reports about patients dying after receiving the vaccine in Europe, the US and elsewhere, in both trials, and during the emergency phase of the rollout.

end
Sidney Powell sued by Dominion for 1.3Billion dollars
(zerohedge)

Sidney Powell Sued By Dominion For $1.3 Billion

FRIDAY, JAN 08, 2021 – 10:05

Dominion Voting Systems is suing attorney Sidney Powell for $1.3 billion in damages, after the pro-Trump lawyer made wide-ranging accusations against the company in the wake of the 2020 US election.

According to Axios, Dominion alleges that Powell acted “in concert with allies and media outlets determined to promote a false preconceived narrative about the 2020 election—caused unprecedented harm.”

Dominion CEO John Paulos told the outlet last week that he may sue Trump as well.

“As a result of the defamatory falsehoods peddled by Powell … Dominion’s founder, Dominion’s employees, Georgia’s governor, and Georgia’s secretary of state have been harassed and have received death threats, and Dominion has suffered enormous harm,” reads the lawsuit.

More via Axios:

  • “After Dominion sent Powell a letter putting her on formal notice of the facts and the death threats and asking her to retract her false claims, Powell doubled down, tweeting to her 1.2 million Twitter followers that she heard that “#Dominion” had written to her and that, although she had not even seen Dominion’s letter yet, she was “retracting nothing” because “[w]e have #evidence” and “They are #fraud masters!””
  • “Dominion brings this action to set the record straight, to vindicate the company’s rights under civil law, to recover compensatory and punitive damages, to seek a narrowly tailored injunction, and to stand up for itself and its employees.”

Paulos said last week that the Colorado-based company was preparing a lawsuit against Powell, and was considering potential litigation against Fox News, Newsmax and One America News.

“There were things being said about me personally, about the company that I founded that are so demonstrably false,” he told Axios,” adding “The level of falsity just reached a level that I had not previously thought would ever be possible.”

“Our focus right now is on Sidney Powell, and there’s a very good reason for that. She is by far — in our opinion — the most egregious and prolific purveyor of the falsities against Dominion,” Paulos added. “Her statements have caused real damage, they’re demonstrably false.”

Read the filing below:

2

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

We found the subject matter and issues for this missive to be difficult to organize and present equitably without splitting the baby.  So, please grant us some leeway in the presentation and layout. PS – For now, it is impossible to divorce politics from market dynamics.  This is a dispiriting and an unpleasant reality.

Two wrongs don’t make a right.”  Dad drummed this adage into our heads, especially when we tried to rationalize misbehavior.  This adage is very applicable now for all parties.  Unfortunately, Americans have been forced to pick between two wrong for too long – and it is detrimental to America.

Evidence is growing that Antifa/agitators infiltrated DJT’s DC rally.  However, the rally at that time and place and in a very combustible atmosphere was inappropriate and reckless.  The resultant riot from DJT’s ill-conceived event enabled DJT’s foes (from both parties) to excoriate Trump and allowed Dems, the MSM and the GOPe to change the narrative from election fraud to Orangeman Very Bad.

@CBS_Herridge: Statement former AG Barr, “Orchestrating a mob to pressure Congress is inexcusable. The President’s conduct yesterday was a betrayal of his office and supporters.” [Very true, Bill.  But what did you do to stop voter fraud after publically warning for months that it would occur?]

@charliespiering: Sen. Lindsay Graham: “Trump and I, we’ve had a hell of a journey. … I hate it to end this way. Oh my god I hate it. … Count me out. Enough is enough.” [After DJT helped him win in Nov.]

OAN’s @_StephanieMyers: @LindseyGrahamSC says more lethal force should have been used yesterday: “They could’ve killed us all, they could’ve destroyed the government… If this is not a wakeup call I don’t know what is.” [If we recall correctly, Graham didn’t call for more force during spring & summer riots.  But that was just the little people getting harmed or having their businesses destroyed.]

Anti-Trumper Brit Hume @brithume: Do not be surprised if we learn in the days ahead that the Trump rioters were infiltrated by leftist extremists. Note: this is not to excuse any of them. [Hume knows.]

NY Post: Two known Antifa members posed as pro-Trump to infiltrate Capitol riot

https://nypost.com/2021/01/07/known-antifa-members-posed-as-pro-trump-to-infiltrate-capitol-riot-sources/

@RockNPolitics: “I was paid to protest today. I can’t say by who, but it was an organized effort”. [A 10-yr term might loosen his lips. Video]https://twitter.com/RockNPolitics/status/1347305660199927809 [More below]

@tvheidihatch: KUTV has confirmed a Utah man involved in violent protests in Utah this Spring was in D.C & stormed the Capitol amid violent protests. @JimSpiewak spoke to him. The story on 2 News at 10. His most often used hashtags: #blm #antifa…https://twitter.com/tvheidihatch/status/1347025829058936832?s=02

Not Making Headlines – Trump Supporters Pulled Protesters Away from the Capitol Building When They Started Damaging It – Who Were These People? https://t.co/gGardUKfax

Football great @HerschelWalker: Have you noticed we’re not talking about election fraud and election integrity now?Seems like this was well planned to shut everything down and run the clock out.

There can be no healing or unity until voter fraud is investigated and curtailed.  The spiking of this issue is a detrimental consequence of Trump not recognizing that “two wrongs don’t make a right.”

Biden, who claims he wants to unify the country, excoriated Trump for the DC riot, called for his removal and injected the race card into the charged atmosphere.  Biden: “No one can tell me that if that had been a group of Black lives matter protesting yesterday…they wouldn’t have been treated very, very differently than the mob of thugs that stormed the Capitol.”  https://twitter.com/Breaking911/status/1347260762667032578

@RealMattCouch: Biden is now trying to declare all Trump Supporters terrorists… Unbelievable…

“They weren’t protesters. Don’t dare call them protesters. They were a riotous mob, insurrectionists, domestic terrorists,” he said. “We wish we could say we couldn’t see it coming. That isn’t true. We could see it coming. The past four years we’ve had a president who’s made his contempt for our democracy, our Constitution, the rule of law, clear in everything he has done,” Biden said. [A real unifier]

https://nypost.com/2021/01/07/biden-calls-capitol-siege-an-assault-on-our-democracy/

@WatchChad: Joe Biden barking about yesterday’s events when he stayed consistently silent while American cities burned is the height of hypocrisy.

Pelosi and Schumer demanded DJT’s removal.  We were inundated with angry or distressful calls/ emails (three from mom) about current and historic hypocrisy & double standards:  Pols and the MSM calling for peace and unity after spewing political venom that incites anger and division (more below).

Pelosi tried to call VP Mike Pence this morning to urge him to remove President Trump. She was kept on hold for 25 minutes before she was told Pence would not take her call – CNN

@thehill: Speaker Pelosi calls for President Trump’s removal from office, says if VP Pence does not invoke 25th Amendment, House Democrats will pursue impeachment.

Perhaps the calls for invoking the 25th Amendment would have had more gravitas if the Dems and MSM didn’t demand such action weeks after Trump was inaugurated!

WaPo: Democrats are drafting new impeachment articles.  [From the  ‘Heal & Unify’ manual?]

@EmeraldRobinson: Democrats and the Republicans want to “invoke the 25th Amendment” because they don’t want President Trump to declassify any more information.

Our fear has been that Trump could start a war with Iran in order to saddle Biden, Dems and the GOPe with a Herculean mess that would prevent Biden from reinstating Obama’s rapprochement with Iran.

@CNBC: Michelle Obama calls on Facebook and other social media platforms to ban Trump permanently  [Yet another way to heal & unify!]

Kamala Harris Called Riots “A Movement” Last Summer, Said “They Should Not” Stop

https://www.zerohedge.com/political/kamala-harris-called-riots-movement-last-summer-said-they-should-not-stop

The Dems and the MSM are exploiting the DC riot to silence Republicans while they incite their base with divisive and angry rhetoric!  It’s all so obvious and historically repetitive!

@paulsperry_: Washington tonight is crying out for civility, reconciliation and reunification. But that won’t happen until Washington gets to the bottom of the political espionage that took place in 2016 and the mass fraud that took place in 2020.

Fox’s @Kilmeade: “This was a culmination of four years of them denying the President won the election and claiming the Russians flipped votes. This is four years of investigation, and four years of a frustrated electorate who feel they haven’t had their day in court.”  https://twitter.com/TVNewsHQ/status/1346989144006909953

@Autry: Years of shouting down republicans in restaurants, not letting republicans eat, not letting their kids attend schools in peace, getting them fired from their jobyears of media saying we are bigots etc… — There is only so much people will take.

ABC News Political Director [Rick Klein] Calls for Cleansing Of Trump Voters

https://thefederalist.com/2021/01/07/abc-news-political-director-calls-for-cleansing-of-trump-voters/

A veteran reporter for great metropolitan newspapers, who dislikes Trump, told us on Thursday that he is sickened by the double standards in the media coverage of the DC riot versus their coverage of the riots and protests that occurred in the spring and fall.  He mentioned that the double standard is obvious to all and it will induce further distrust in and anger with the MSM for their bias (more below).

Though ‘tis the season of Festivus, the MSM, social media and Establishment won’t allow an equal ‘airing of grievances’.  So, it’s unlikely that ‘civility, reconciliation and reunification’ will return soon.

Fox News: Trump vows ‘orderly transition’ – Trump: “Though I totally disagree with the outcome of the election… nevertheless there will be an orderly transition on January 20th… While this represents the end of the greatest first term in presidential history, it’s only the beginning of our fight to Make America Great Again!”

Trump’s retreat ignited a massive rally, abetted by Street pundits proclaiming that Dems would not pass a $1 trillion+ stimulus package and an infrastructure package that would be denominated in the trillions.

Dem Rep and ex-Prez candidate, Tulsi Gabbard warns that civil war is upon us.

https://www.youtube.com/watch?v=Z8mb66RssxA&list=PLEbhOtC9klbCr0iN2ANJbaV477B0eSpc6&index=1

GOP @RepMoBrooks: “In the past, when citizens of a Republic lose faith in their ability to guide the destiny of their country via the election process, they have been FORCED by that country’s rulers into a box and FORCED to choose from any of 3 bad options: 1. Flee (emigrate). 2. Submit. 3. Fight back with violence. THAT is why we must fight for honest & accurate elections. We don’t ever want citizens in America feeling they have been forced into the aforesaid box, with 3 bad options.”

Intelligence analysts downplayed Chinese election influence to avoid supporting Trump policies, inspector finds – “Given analytic differences in the way Russia and China analysts examined their targets, China analysts appeared hesitant to assess Chinese actions as undue influence or interference. The analysts appeared reluctant to have their analysis on China brought forward because they tend to disagree with the administration’s policies, saying in effect, I don’t want our intelligence used to support those policies,” Zulauf concluded, saying this behavior violated analytic standards requiring independence of political considerations… [Imagine the outrage if this had happened to Obama?]

https://www.washingtonexaminer.com/news/intelligence-analysts-downplayed-election-interference-trump-inspector

How the GOP lost control of Washington, and what comes next

Democrats owned the narrative and rules of the 2020 election. Will Republicans learn from it?

They even told the Republicans and the public what they planned to do. Just read Plouffe’s book, “A Citizen’s Guide to Beating Donald Trump.” They even boastfully predicted days before how the vote count would roll out on election night and for several days later. Trump would lead early, and Biden would surpass late, they said.  They were right. Why?

    First and foremost, they usurped the powers of GOP-controlled state legislatures in the five battleground states and rewrote the rules of how votes would be cast and counted, using the pandemic as an excuse.  Mail ballots could be sent to everyone, even if they didn’t ask for one, and wide swaths of Americans could vote by mail. Voter ID requirements could be suspended for those who felt homebound by COVID’s wrath. Mobile ballot boxes could be deployed. Spoiled ballots that legally were supposed to be discarded could be “cured” by election clerks. Legally required voter roll purges could be skipped. And a single billionaire could donate $350 million directly to the election clerks, judges and vote counters in the states, requiring them in some cases to register voters, and create more poll locations in Democratic strongholds And Republicans… hardly put up a fight

      Secondly, liberals spent two decades building an alliance with the mainstream media, the social giants and the search giants and the permanent government bureaucracy until they could control the narrative, even when it wasn’t true… Those who objected were canceled and shamed. Intelligence and law enforcement and private investigators were misused to create false realities. True facts and legally protected speech were outright censored long enough to create the narrative needed to win…

     The liberal oligarchs club — George Soros, Mark Zuckerberg, Mike Bloomberg et al — spent more than ever to win. But they also transformed the way political donations were spent by imposing corporate governance and specific returns on investment.  Every recipient had to deliver very specific outcomes to keep getting money, governed by lengthy contract-like documents. And the outcomes and deliverables were mapped to the two larger goals of controlling the narrative and the rules of the election…

     Liberal elites have for decades controlled the levers of power in education, media and entertainment and have used that power to indoctrinate generations of Americans against America’s founding values…

https://justthenews.com/politics-policy/elections/how-gop-lost-control-washington-and-what-comes-next

Trump’s remarks before Capitol riot may be investigated, acting U.S. attorney in D.C. says

At a news conference to discuss federal law enforcement’s response to Wednesday’s mayhem, acting D.C. U.S. attorney Michael Sherwin was asked whether President Trump, who had urged the crowd to “fight,” would be investigated. The prosecutor responded, “We are looking at all actors here, and all options are on the table. … Anyone that had a role, if the evidence fits the elements of a crime, they’re going to be charged.”  [The healing & unifying process? No politician has ever asked people to fight for a cause or ‘resist’, have they?  This will increase hatred and division; but it’s to ‘get Trump’, so it’s okay.]

https://www.washingtonpost.com/national-security/federal-investigation-capitol-riot-trump/2021/01/07/178d71ac-512c-11eb-83e3-322644d82356_story.html

Capitol Police officer hit in head by fire extinguisher on life support after DC riots https://trib.al/hThPTNP

Ann Coulter: Election’s Over. Here’s the Truth about Trump.

When we really needed all hands on deck in Georgia, Trump was a wrecking ball. He went down to Georgia and insulted everyone, refusing to talk about anything but himself… Democrats were single-mindedly focused on winning the Georgia runoffs. By contrast, Republicans indulged in their usual circular firing squads, while Trump kept the base distracted with his petulance about the November election. (Yes, the Democrats cheated. They always cheat. Maybe somebody should have done something about it before the election.)

    With Republicans facing these two crucial runoffs, Trump was too narcissistic to care about anything but his personal issues, and he busily set landmine after landmine for the candidates…

The usual problem with Trump is that he’s all talk, no actionHe talked about the massive fraud that would ensue with mail-in ballots … but did nothing. He talked about “LAW & ORDER” as cities burned to the ground … but did nothing… With COVID, it was the reverse. Trump did the right things, but wouldn’t shut up. Worst of all, he talked to Bob Woodward

    Trump could have been a massively popular president and won reelection comfortably, if only he’d kept faith with his voters… Instead — in the greatest bait-and-switch in American history — he promptly turned his presidency over to nimrods Jared and Ivanka, while he watched TV and tweeted. Suddenly, the populist hero was replaced with two idiots, who were all about being friends with the Kardashians and sucking up to Goldman Sachs…The Republican Party’s only hope is to become a populist party, but without a shallow, narcissistic ignoramus as its head… 

https://www.breitbart.com/politics/2021/01/06/ann-coulter-elections-over-heres-the-truth-about-trump/

In their uncontrollable hate for Trump, the MSM, elites and Dems failed to fully understand how an unlikeable candidate WITH NO Political Experience became US President.  This was an absurdly anomalous occurrence.  Yet, ‘they’ still do not realize or want to realize how this happened.

This dynamic also implies that the disaffected will find another person in which they will pour their hope and emotions.  We stated years ago that we don’t fear Trump.  We fear what might come after Trump.  “Après moi Trump le deluge!”

Defense/security analyst @JMichaelWaller: The crowd was fine until the Capitol Police started firing flash grenades and tear gas. Terrible policing.  This was my observation from the West Front of the Capitol. I was not at the East Front where the breaches occurred.

@DGPurser: Capitol Police taking selfies with those “dangerous” protestors.

https://twitter.com/DGPurser/status/1346978155681247234

@thepedalninja: I was there. The initial breach happened about 15 minutes before the speech was over. The cops then OPENED the barricades when the crowd finally got there.  This couldn’t have happened without complicity from congress and DC police.  THIS WAS AN OP!!!!!  Here is where the cops opened the gates for us. [Video at link] Notice the voice that says, “They breached the capitol, AGAIN”Again??

https://twitter.com/thepedalninja/status/1347012251459481600

    Then, they just let the “violent extremists” just walk right out of the door???? Also, did it seem pretty easy for unarmed persons to breach the capitol DURING A JOINT SESSION? Or is that just me? This was a SETUP!!!

We are extremely bothered that there were no reported arrests at the storming of the Capitol.  Charges were filed on Thursday after video review.  Will Kamala & Joe bail them out like they did for others?]

Zuckerberg says Facebook may block Trump ‘indefinitely’

The president will be kept off the platform at least through Inauguration Day

https://justthenews.com/politics-policy/all-things-trump/zuckerberg-says-facebook-may-block-trump-indefinitely

But, celebrities can threaten and foment violence against Trump and his supporters, the media can dox people whose views they despise and Iran can pledge violence against Israel and the US with immunity.  This and other double standards are fueling the rage and despair of many Americans.  This is why they flocked to the extremely unlikeable Trump.

Trafalgar’s @RobertCahaly: Very good discuss with @LouDobbs about how today’s and last year’s unacceptable lawless behavior have been treated very differently by many in the media. Achieving change through peaceful protest should be celebrated but violence universally condemned. https://youtu.be/F7H6uhWx-wc

@EricMMatheny: When the Left rioted from May to Augustwe were forced to overlook the violence and have a “national conversation” about why people felt such rage. Likewise, can we do the same here? Lockdowns, media lies, distrust, government tyranny…people are at their breaking point.

@DineshDSouza: It’s somehow okay for the Left to topple monuments, burn businesses, create “autonomous zones,” drag people out of restaurants & cars, and cause all kinds of violence and mayhem; yet it’s an “unprecedented assault on democracy” when Trumpsters stage their own protest?

@LoopEmma: Sen. Mark Warner, vice chair of the Senate Intelligence Committee, holds up his phone to show a photo that he says appeared in a German newspaper today. He said it shows “thugs” in the halls of Congress, and that “those images are priceless for our adversaries.”

Protestors ‘stormed’ the Capitol and occupied Sen. Grassley’s office to protest Justice Kavanaugh in 2018.  Was this a picture of ‘thugs’ whose “images are priceless for our adversaries”?

Protesters pound the doors of the Supreme Court following Kavanaugh confirmation – U.S. Capitol Police said a total of 164 people were arrested during the protests for “crowding, obstructing, or incommoding.”https://www.nbcnews.com/politics/supreme-court/protests-build-capitol-hill-ahead-brett-kavanaugh-vote-n917351

@DanODonnellShow: Absolutely disgusting behavior by conservatives today. Oh wait, this is a picture of thousands of liberals who took over the Wisconsin Capitol in 2011 and were praised for doing so because they were protesting against Republican Governor @ScottWalker

https://twitter.com/DanODonnellShow/status/1346966906725609479

Rep. Matt Gaetz Destroys Democrats’ Hypocrisy on Contesting Elections and Violence

“Another important point for the country is that this morning, President Trump explicitly called for demonstrations and protests to be peaceful,” Gaetz continued. “He was far more – you can moan and groan – but he was far more explicit about his calls for peace than some of the BLM and left-wing rioters were this summer when we saw violence sweep across this nation…

     “Not since 1985 has a Republican president been sworn in absent some Democrat effort to object to the electors, but when we do it it’s ‘the new violation of all norms.’ And when those things are said people get angry.”… “I’m sure glad that, at least for one day, I didn’t hear my Democrat colleagues calling to defund the police,” Gaetz said to a loud round of applause…

https://pjmedia.com/news-and-politics/matt-margolis/2021/01/07/matt-gaetz-destroys-democrats-hypocrisy-on-contesting-elections-and-violence-n1312232

Remember when a Bernie supporter tried to assassinate over a dozen GOP Congressmen and nearly killed Rep. Steve Scalise?  Did the MSM demand that Dems tone down their hateful rhetoric?

NYT: Simon & Schuster cancels publication of Sen. Josh Hawley’s upcoming book

[Because he objected to the Electoral College Vote; more healing & unifying. What would Stalin do?]

Charles Kushner tells friend that Trump’s behavior is ‘beyond our control.’

[Life-long Dem, father of Trump consiglieri Jared and just-pardoned by Trump, turns on DJT]

https://www.nytimes.com/2021/01/06/us/politics/charles-kushner-tells-friend-that-trumps-behavior-is-beyond-our-control.html

Well that is all for today

I will see you MONDAY night.

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