LADIES AND GENTLEMEN

PLEASE FORGIVE ME BUT I HAD A CRASH

I TRIED TO RETRIEVE MY DATA AS BEST I COULD

THE COMEX DATA IS ACCURATE

ALL CLOSING NUMBERS ARE ACCURATE FROM 1 PM ON

THANKS

YOUR DATA.

GOLD::$1856.40 DOWN $.20 The quote is London spot price

Silver$25.43 DOWN 5 CENTS LONDON SPOT GOLD PRICE

Closing access prices: London spot

i)Gold : 1856.00 LONDON SPOT 4:30 pm

ii)SILVER:25.43 //LONDON SPOT 4:30 pm

COMEX DATA

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

receiving today: 0/2

EXCHANGE: COMEX
CONTRACT: JANUARY 2021 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,855.700000000 USD
INTENT DATE: 01/22/2021 DELIVERY DATE: 01/26/2021
FIRM ORG FIRM NAME ISSUED STOPPED
____________________________________________________________________________________________
072 C GOLDMAN 1
732 C RBC CAP MARKETS 1
737 C ADVANTAGE 2
____________________________________________________________________________________________

TOTAL: 2 2
MONTH TO DATE: 2,010

ISSUED 0

GOLDMAN SACHS STOPPED 0 CONTRACTS.

TOTAL NUMBER OF NOTICES FILED TODAY: 2 NOTICES FOR 200 OZ (0.00622) TONNES)

TOTAL NUMBER OF NOTICES FILED SO FAR: 2010 NOTICES FOR 201,000 OZ (6.2519 tonnes)

SILVER//JAN CONTRACT

2 NOTICE(S) FILED TODAY FOR 10,000 OZ/

total number of notices filed so far this month: 1279 for 6,395,000 oz

SILVER

IN SILVER THE COMEX OI FELL BY A STRONG SIZED 1583 CONTRACTS FROM 169,897 DOWN TO 168,314, AND FURTHER FROM OUR NEW RECORD OF 244,710, (FEB 25/2020. THE STRONG SIZED LOSS IN COMEX OI OCCURRED WITH OUR LOSS OF $0.31 IN SILVER PRICING AT THE COMEX. IT SEEMS THAT THE LOSS IN COMEX OI IS DUE TO HUGE BANKER AND ALGO SHORT COVERING, COUPLED AGAINST A STRONG EXCHANGE FOR PHYSICAL. WE HAD MINOR LONG LIQUIDATION , AND A SMALL LOSS IN SILVER OUNCES STANDING AT THE COMEX FOR JAN. WE ALSO HAD A FAIR LOSS IN OUR TWO EXCHANGES OF 558 CONTRACTS (SEE CALCULATIONS BELOW).

WE WERE NOTIFIED THAT WE HAD A STRONG NUMBER OF COMEX LONGS TRANSFERRING THEIR CONTRACTS TO LONDON THROUGH THE EFP ROUTE: 1025, AS WE HAD THE FOLLOWING ISSUANCE: MARCH 1025 FOR ZERO ALL OTHER MONTHS AND THEREFORE TOTAL ISSUANCE 1025 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.

6.405 MILLION INITIAL STANDING FOR JAN 2021

FRIDAY, AGAIN OUR CROOKED BANKS//BIS USED COPIOUS PAPER IN ORDER TO LIQUIDATE SILVER’S PRICE…AND THEY WERE SUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT FELL $0.31) ).. AND, OUR OFFICIAL SECTOR/BANKERS WERE SOMEWHAT SUCCESSFUL IN THEIR ATTEMPT TO FLEECE SOME SILVER LONGS AS WE HAD A FAIR LOSS IN OUR TWO EXCHANGES (558) CONTRACTS). NO DOUBT THE LOSS IN OI ON THE TWO EXCHANGES WAS DUE TO i) MONSTER BANKER/ STRONG ALGO SHORT COVERING. WE ALSO HAD ii) A STRONG ISSUANCE OF EXCHANGE FOR PHYSICALS 2) A SMALL LOSS IN STANDING FOR SILVER STANDING // JAN, iii) STRONG COMEX OI LOSS AND iv) SOME LONG LIQUIDATION. YOU CAN BET THE FARM THAT OUR BANKERS ARE DESPERATE TO LIQUIDATE THEIR HUGE SHORT POSITIONS IN SILVER..

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:

15,248 CONTRACTS (FOR 15 TRADING DAY(S) TOTAL 15,248 CONTRACTS) OR 76.24 MILLION OZ: (AVERAGE PER DAY 1016 CONTRACTS OR 5.082 MILLION OZ/DAY)

TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER: SO FAR THIS MONTH OF JAN: 76.24 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON.

ACCUMULATION IN YEAR 2021 TO DATE SILVER EFP’S: 76.24 MILLION OZ.

JAN EFP ACCUMULATION SO FAR: 76.24 MILLION OZ (RAPIDLY INCREASING AGAIN)

RESULT: WE HAD A STRONG SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 1583, WITH OUR $0.31 LOSS IN SILVER PRICING AT THE COMEX /FRIDAY.…THE CME NOTIFIED US THAT WE HAD A STRONG SIZED EFP ISSUANCE OF 1025 CONTRACTS WHICH EXITED OUT OF THE SILVER COMEX TO LONDON AS FORWARDS.

TODAY WE LOST A FAIR SIZED 558 OI CONTRACTS ON THE TWO EXCHANGES (WITH OUR $0.31 LOSS IN PRICE)//

THE TALLY//EXCHANGE FOR PHYSICALS

i.e 1025 OPEN INTEREST CONTRACTS HEADED FOR LONDON (EFP’s)TOGETHER WITH A STRONG SIZED DECREASE OF 1583 OI COMEX CONTRACTS. AND ALL OF THIS DEMAND HAPPENED WITH OUR $0.31 LOSS IN PRICE OF SILVER/AND A CLOSING PRICE OF $25.48 // FRIDAY’S TRADING. YET WE STILL HAVE A STRONG AMOUNT OF SILVER STANDING AT THE COMEX FOR DELIVERY.

In ounces AT THE COMEX, the OI is still represented by JUST UNDER 1 BILLION oz i.e. 0.8440- BILLION OZ TO BE EXACT or 120% of annual global silver production (ex Russia & ex China).

FOR THE NEW JAN DELIVERY MONTH/ THEY FILED AT THE COMEX: 2 NOTICE(S) FOR 10,000 OZ OF SILVER.

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

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

we had the open interest at the comex, in SILVER, FELL BY A STRONG SIZED 1583 CONTRACTS FROM 169,897 DOWN TO 168,314 AND CLOSER TO OUR COMEX RECORD //244,710(SET FEB 25/2020). THE LAST RECORDS WERE SET IN AUG.2018 AT 244,196 WITH A SILVER PRICE OF $14.78/(AUGUST 22/2018)..THE PREVIOUS RECORD TO THAT WAS SET ON APRIL 9/2018 AT 243,411 OPEN INTEREST CONTRACTS WITH THE SILVER PRICE AT THAT DAY: $16.53). AND PREVIOUS TO THAT, THE RECORD WAS ESTABLISHED AT: 234,787 CONTRACTS, SET ON APRIL 21.2017 OVER 2 3/4 YEARS AGO. THE PRICE OF SILVER ON THAT DAY: $17.89.

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

EFP ISSUANCE 1025 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: 1025 ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 1025 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. IF WE TAKE THE COMEX OI LOSS OF 1583 CONTRACTS TO THE 1025 OI TRANSFERRED TO LONDON THROUGH EFP’S, WE OBTAIN A FAIR SIZED LOSS OF 558 OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES. THUS IN OUNCES, THE LOSS ON THE TWO EXCHANGES 2.79 MILLION OZ, OCCURRED WITH OUR $0.31 LOSS 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 .

Jan saw a LOSS of 120 contracts DOWN to 4 contracts. We had 115 notices filed on FRIDAY so we LOST 5 contracts or 25,000 oz will NOT stand in this non active delivery month of January. They morphed into London based forwards and as such accepted a fiat bonus for their effort.

FEBRUARY saw another LOSS of 11 contracts to stand at 1065. MARCH LOST 2250 contracts DOWN to 130,735.

The total number of notices filed today for JAN 2021. contract month is represented by 2 contract(s) FOR 10,000 oz

To calculate the number of silver ounces that will stand for delivery in JAN we take the total number of notices filed for the month so far at 1279 x 5,000 oz = 6,395,000 oz to which we add the difference between the open interest for the front month of JAN (4) and the number of notices served upon today 2 x (5000 oz) equals the number of ounces standing.

Thus the JAN standings for silver for the JAN/2021 contract month: 1279 (notices served so far) x 5000 oz + OI for front month of JAN( 4)- number of notices served upon today (2) x 5000 oz of silver standing for the NOV contract month .equals 6,405,000 oz. ..VERY STRONG FOR A NON ACTIVE JAN MONTH.

WE LOST 5 CONTRACTS OR 25,000 ADDITIONAL OZ WILL NOT STAND FOR DELIVERY OVER HERE.

Silver	Ounces
Withdrawals from Dealers* Inventory*	NIL oz
Withdrawals from Customer Inventory	28,002.710 oz CNT
Deposits to the Dealer* Inventory*	nil oz
Deposits to the Customer Inventory	nil
No of oz served today (contracts)	115 CONTRACT(S) (600,000 OZ)
No of oz to be served (notices)	9 contracts 45,000 oz)
Total monthly oz silver served (contracts)	1277 contracts 6,385,000 oz)
Total accumulative withdrawal of silver from the Dealers* inventory this month*	NIL oz
Total accumulative withdrawal of silver from the Customer* inventory this month*

We had 0 deposits into the dealer:

total dealer deposits: nil oz

i) We had 0 dealer withdrawal

total dealer withdrawals: nil oz

we had 0 deposit into the customer account (ELIGIBLE ACCOUNT)

JPMorgan now has 193.906 million oz of total silver inventory or 48.78% of all official comex silver. (193.906 million/397.508 million

total customer deposits today: 610.120.550 oz

we had 1 withdrawals:

ii) Out of CNT 28,002.710 oz

total withdrawals: 38,002.710 o oz

We had 0 adjustments: customer TO DEALER

Total dealer(registered) silver: 150.427million oz

total registered and eligible silver: 398.731 million oz

GOLD

IN GOLD, THE COMEX OPEN INTEREST SURPRISINGLY ROSE BY A FAIR SIZED 5316 CONTRACTS TO 550,417 AND CLOSER TO OUR NEW RECORD (SET JAN 24/2020) AT 799,541 AND PREVIOUS TO THAT: (SET JAN 6/2020) AT 797,110.

THE GAIN IN COMEX OI OCCURRED DESPITE OUR FALL IN PRICE OF $9.50 /// COMEX GOLD TRADING//FRIDAY. WE HAD HUGE BANKER/ALGO SHORT COVERING ACCOMPANYING OUR SMALL SIZED EXCHANGE FOR PHYSICAL ISSUANCE. WE HAD ZERO LONG LIQUIDATION. WE HAD ANOTHER STRONG GAIN IN THE AMOUNT OF GOLD STANDING FOR DELIVERY IN JANUARY/:(GOLD NOW STANDING JAN. (AT 6.2830 TONNES) THIS ALL HAPPENED WITH OUR FALL IN PRICE OF $9.50

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 10//

WE HAD A STRONG GAIN OF 8196 CONTRACTS ON OUR TWO EXCHANGES..

E.F.P. ISSUANCE

THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A SMALL SIZED 2880 CONTRACTS:

CONTRACT .;JAN 0 FEB: 2550 ; APRIL : 380; JUNE: 0 AND ALL OTHER MONTHS ZERO//TOTAL: 3880. The NEW COMEX OI for the gold complex rests at 550,417. 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 AN INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 8196 CONTRACTS: 8196 CONTRACTS INCREASED AT THE COMEX AND 2880 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN//TWO EXCHANGES OF 8196 CONTRACTS OR 25.49 TONNES.

CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES:

WE HAD A SMALL SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (2880) ACCOMPANYING THE FAIR SIZED GAIN IN COMEX OI (5316 OI): TOTAL GAIN IN THE TWO EXCHANGES: 8196 CONTRACTS. WE NO DOUBT HAD 1) HUGE BANKER SHORT COVERING AND SOME ALGO SHORT COVERING ,2 STRONG GAIN IN GOLD STANDING AT THE GOLD COMEX FOR THE FRONT JAN. MONTH AT 6.2830 TONNES) 3) ZERO LONG LIQUIDATION IF ANY ;4) FAIR COMEX OI GAIN, 5) SMALL SIZED ISSUANCE OF EXCHANGE FOR PHYSICAL….ALL OF THIS OCCURRED WITH OUR FALL IN GOLD PRICE TRADING FRIDAY//$9.50.

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 : 71,942 CONTRACTS OR 7,194200 oz OR 223.76 TONNES (15 TRADING DAY(S) AND THUS AVERAGING: 4796 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 15 TRADING DAY(S) IN TONNES: 223.76 TONNES

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

THUS EFP TRANSFERS REPRESENTS 223.76/3550 x 100% TONNES =6.30% OF GLOBAL ANNUAL PRODUCTION

ACCUMULATION OF GOLD EFP’S YEAR 2021 TO DATE: JANUARY: 223.76 TONNES (RAPIDLY 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.

THE COMEX GOLD OPEN INTEREST ROSE BY BY A FAIR SIZED 5316 CONTRACTS TO 550,417 AND CLOSER TO OUR RECORD THAT WAS SET IN JANUARY/2020: {799,541 OI(SET JAN 16/2020)} AND PREVIOUS TO THAT: 797,110 (SET JAN 7/2020). AND THIS COMEX INCREASE OCCURRED DESPITE OUR FALL OF $9.50 IN GOLD PRICING FRIDAY’S COMEX TRADING/).

WE HAD A SMALL SIZED EFP ISSUANCE (2880 CONTRACTS). WE THUS HAD 1) HUGE BANKER SHORT COVERING// ALGO SHORT COVERING//, 2) ZERO LONG LIQUIDATION AND 3) STRONG GAIN IN GOLD OUNCES STANDING AT THE COMEX FOR JANUARY. (COMEX GOLD NOW STANDING AT 6.2830 TONNES)/ 4) AS WE ENGINEERED A STRONG SIZED GAIN ON OUR TWO EXCHANGES OF 8196 CONTRACTS. WE HAVE LATELY WITNESSED THE EXCHANGE FOR PHYSICALS ISSUED BEING SMALL. HOWEVER IN THE PAST FEW DAYS, EFP ISSUANCE HAS BEEN RISING AS I GUESS THERE IS NOWHERE ELSE TO GO. THE BANKERS ARE FORCED TO PAY THEIR HIGHER FEES FOR THEIR ISSUANCE.

(SEE BELOW)

WE HAD 0 4 -GC VOLUME//open interest REMAINS AT 10

EXCHANGE FOR PHYSICAL ISSUANCE

WE ARE NOW IN THE ACTIVE DELIVERY MONTH OF JAN.. THE CME REPORTS THAT THE BANKERS ISSUED A SMALL SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS., THAT IS 2880 EFP CONTRACTS WERE ISSUED: JAN 0 FEB// 2500 AND APRIL : 380 AND JUNE: 0 AND ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE: 2880 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: A STRONG 8196 TOTAL CONTRACTS IN THAT 2880 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE GAINED A FAIR SIZED 5316 COMEX CONTRACTS.. WE HAVE A STRONG LEVEL OF JAN 2021 GOLD CONTRACTS STANDING FOR DELIVERY. ((6.2830 TONNES). IF YOU INCLUDE NOVEMBER’S HUGE 34.7 TONNES, AND DEC. 93.589 OUR COMEX IS OFFICIALLY UNDER ASSAULT.

THE BANKERS WERE SUCCESSFUL IN LOWERING GOLD’S PRICE //// (IT FELL $9.50)., BUT WERE UNSUCCESSFUL IN FLEECING ANY LONGS AS THE TOTAL GAIN ON THE TWO EXCHANGES REGISTERED 25.49 TONNES, ACCOMPANYING OUR STRONG GOLD TONNAGE STANDING FOR JAN (6.2830 TONNES)

NET GAIN ON THE TWO EXCHANGES :: 8196 CONTRACTS OR 819,600 OZ OR 25.49 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: 550,417 TOTAL OI CONTRACTS X 100 OZ PER CONTRACT = 55.04 MILLION OZ/32,150 OZ PER TONNE = 1711 TONNES

THE COMEX OPEN INTEREST REPRESENTS 1711/2200 OR 77.81% OF ANNUAL GLOBAL PRODUCTION OF GOLD.

The front month of JAN registered a total of 12 contracts for a GAIN of 2. We had 3 notices filed on Wednesday so we GAINED 5 contracts or AN ADDITIONAL 500 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 26,796 contracts DOWN TO 153,137 CONTRACTS.

MARCH GAINED 360 contracts to stand at 1528

APRIL added 31,319 contracts to stand at 307,093

We had 2 notice(s) filed today for 200 oz

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 (2010) x 100 oz , to which we add the difference between the open interest for the front month of (JAN 12 CONTRACTS ) minus the number of notices served upon today (2 x 100 oz per contract) equals 202,000 OZ OR 6.2830 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 (2010 x 100 oz PLUS (12 OI) for the front month minus the number of notices served upon today (2} x 100 oz which equals 202,000oz standing OR 6.2830 TONNES in this non active delivery month of January. This is a STRONG amount standing for GOLD IN JAN (generally one of the weakest of all delivery months of the year).

We gained 5 contracts or a queue jump of 500 oz of gold. These longs refused to morph into London based forwards.

Gold	Ounces
Withdrawals from Dealers* Inventory in oz*	nil oz
Withdrawals from Customer* Inventory in oz*	s
Deposits to the Dealer* Inventory in oz*	9645.30 oz Brinks dealer
Deposits to the Customer* Inventory, in oz*	32,139.275 OZ HSBC
No of oz served (contracts) today	3 notice(s) 300 OZ (0.0093 TONNES)
No of oz to be served (notices)	7 contracts (700 oz) 0.0217 TONNES
Total monthly oz gold served (contracts) so far this month	2008 notices 200,800 OZ 6.2457 TONNES
Total accumulative withdrawals of gold from the Dealers* inventory this month*	NIL oz
Total accumulative withdrawal of gold from the Customer* inventory this month*	xxx oz

Withdrawals from Dealers Inventory NIL oz

We had 1 kilobar transactions

ADJUSTMENTS: none

GOLD STORIES:

ANDREW MAGUIRE..

Violation of position limits shows latest metals smash was government operation, Maguire says

Submitted by cpowell on Mon, 2021-01-25 00:45. Section: Daily Dispatches

7:50p ET Sunday, January 24, 2021

Dear Friend of GATA and Gold:

London metals trader Andrew Maguire, interviewed Thursday by Chris Marcus for Arcadia Economics, said bullion banks exceeded position limits in their gold and silver trading during the recent smashdown of metals prices.

… Dispatch continues below …

STEVE BROWN..

The Illegal* Gold and Silver “Fix”

Spot (Paper) Silver: Whose Crooked Con ?

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 / /

//OFFSHORE YUAN: 6.7850 /shanghai bourse CLOSED

HANG SANG CLOSED

2. Nikkei closed DOWN 155.22 POINTS OR 0.67%

3. Europe stocks OPENED ALL RED/

USA dollar index DOWN TO 93.81/Euro FALLS TO 1.1718

3b Japan 10 year bond yield: RISES TO. +.02/ !!!!(Japan buying 100% of bond issuance)/Japanese yen vs usa cross now at 107.85/ THIS IS TROUBLESOME AS BANK OF JAPAN IS RUNNING OUT OF BONDS TO BUY./JAPAN 10 YR YIELD IS NOW TARGETED AT .11%/JAPAN LOSING CONTROL OF THEIR BOND MARKET//CARRY TRADERS GETTING KILLED

3c Nikkei now JUST BELOW 17,000

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

3e WTI:: 37.06 and Brent: 39.51

3f Gold UP/JAPANESE Yen UP CHINESE YUAN: ON -SHORE CLOSED/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 DOWN for WTI and DOWN FOR Brent this morning

3i European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund FALLS TO -.55%/Italian 10 yr bond yield DOWN to 0.80% /SPAIN 10 YR BOND YIELD DOWN TO 0.22%…ITALIAN 10 YR BOND YIELD/GERMAN BUND: 1.35: DANGEROUS FOR THE ITALIAN BANKING SYSTEM

3j Greek 10 year bond yield FALLS TO : 0.99

3k Gold at $1907.80 silver at: 23.93 7 am est) SILVER NEXT RESISTANCE LEVEL AT $30.00

3l USA vs Russian rouble; (Russian rouble DOWN 142/100 in roubles/dollar) 78.47

3m oil into the 37 dollar handle for WTI and 39 handle for Brent/

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

JAPAN ON JAN 29.2016 INITIATES NIRP. THIS MORNING THEY SIGNAL THEY MAY END NIRP. TODAY THE USA/YEN TRADES TO 105.14 DESTROYING JAPANESE CITIZENS WITH HIGHER FOOD INFLATION

30 SNB (Swiss National Bank) still intervening again in the markets driving down the SF. It is not working: USA/SF this morning .9207 as the Swiss Franc is still rising against most currencies. Euro vs SF is 1.0791 well above the floor set by the Swiss Finance Minister. Thomas Jordan, chief of the Swiss National Bank continues to purchase euros trying to lower value of the Swiss Franc.

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

3r the 10 Year German bund now NEGATIVE territory with the 10 year FALLING to –0.55%

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

4. USA 10 year treasury bond at 0.660% early this morning. Thirty year rate at 1.435%

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

6. TURKISH LIRA: UP TO 7.74..

3A/ASIAN AFFAIRS

i)FRIDAY MORNING/ THURSDAY NIGHT:

SHANGHAI CLOSED //Hang Sang CLOSED /The Nikkei closed DOWN 155.22 POINTS OR 0.61%//Australia’s all ordinaires CLOSED DOWN 1.42%

/Chinese yuan (ONSHORE) closed /Oil UP TO 57.21 dollars per barrel for WTI and 64.13 for Brent. Stocks in Europe OPENED ALL RED// ONSHORE YUAN CLOSED AGAINST THE DOLLAR. OFFSHORE YUAN CLOSED DOWN ON THE DOLLAR AT 6.7530 TRADE TALKS STALL//YUAN LEVELS //TRUMP INITIATES A NEW 25% TARIFFS FRIDAY/MAY 10/MAJOR PROBLEMS AT HUAWEI /CFO ARRESTED//CORONAVIRUS/PANDEMIC/TRUMP TESTS POSITIVE FOR COVID 19 : /ONSHORE YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING STRONGER AGAINST USA DOLLAR/OFFSHORE YUAN TRADING STRONGER AGAINST THE DOLLAR /TRADE DEAL NOW DEAD..TRUMP RAISED RATES TO 25%

3 a./NORTH KOREA/ SOUTH KOREA

South Korea

b) REPORT ON JAPAN

3 C CHINA

CHINA/USA

Steve Hilton finds stunning Covid 19 connections: ‘Specific activity that Dr. Fauci funded and it is terrifying’

January 25, 2021 | Tom Tillison | Print Article

Read More

Fox News’ Steve Hilton shared an investigation that breaks down the origins of the coronavirus, and not only links it back to U.S. commissioned research, but also to Dr. Anthony Fauci.

The host of the “The Next Revolution” told his viewers that the evidence uncovered “points to the most likely cause of the pandemic and it’s worse than anything that we have heard so far.”

Highlighting a study 10 years ago in the Netherlands involving ferrets, which have respiratory systems that operate similar to humans, Hilton said researchers “were trying to see if the virus that starts out without the ability to be transmitted through the air can eventually gain that ability.”

“This led to the creation of an entirely new type of scientific research made possible by advances in gene technology,” he said. “It was called gain of function virus research. The idea was to replicate in a lab what had been done with those ferrets — to take the virus and manipulate the genetic code to make it stronger and powerful. The virus would gain new function, hence the name.”

The idea being to engineer the most contagious deadly viruses in lab conditions “to learn about treatments and vaccines about the calamity of an actual outbreak,” Hilton noted.

This research was carried out around the world, with Wuhan, China being home to a leading laboratory, funded in part by the National Institute of Allergy and Infectious Diseases, headed up by Dr. Anthony Fauci.

Report Advertisement

The great risk being if a highly contagious virus managed to escape the lab, it could cause calamity — much like the world is seeing today with COVID-19.

Hilton shared that the Obama administration put a moratorium on the controversial research.

“Despite the controversy surrounding this type of research,” he said, “it always had one steadfast champion, a leading figure in the world of infectious diseases, Anthony Fauci. His institute funded that first ferret study. At the time he cowrote an op-ed in the Washington Post describing the research as “a risk worth taking… important information and insight can come from generating a potentially dangerous virus in the laboratory.”

“Shortly before the Obama Administration’s ban on gain of function research in 2014, Dr. Fauci commissioned … a project to assess the risk of new coronaviruses emerging from wild animals like bats — one of the aims was to see what viruses can infect animals and humans,” Hilton said.

The Fox News host said that while the Obama administration stopped the research, Fauci “continued on by subcontracting it” to the NY based EcoHealth Alliance.

Sharing what he called a “crucial step that have never been reported,” Hilton noted that EcoHealth Alliance then subcontracted the gain of function piece to the Wuhan Institute of Virology.

Citing a paper detailing a progress report on the study from the head of the Wuhan lab, Hilton pointed to a money trail that led back to Fauci.

Report Advertisement

“Until now, the only reporting of Dr. Fauci’s role in all of this has been his funding of the Wuhan lab in general,” Hilton said. “But tonight we can go further thanks to this paper. We can see the specific activity that Dr. Fauci funded and it is terrifying — so terrifying that after we reached out to NIH this paper was mysteriously taken off-line on Friday for a while. But we downloaded it weeks ago.”

He went into painstaking detail of researchers collecting samples of bat feces from a cave in a province in China and finding many novel coronaviruses, and genetically engineering new viruses in the lab.

“They infected human cells with them in the lab. And they then showed that their man-made viruses could replicate as a functional virus,” Hilton said. “Here is the most important part, the genetic changes they made in the lab unlocked a highly specific doorway into the human body. The virus that causes COVID-19 uses that same exact doorway. To be clear, none of the genetically engineered viruses created in 2017 and reported in this paper were the exact ones we’re dealing with now, but what they confirm was it was possible to make the COVID-19 virus using the technique developed in the Fauci project.”

A project that continued for three more years.

Comparing COVID-19 to viruses made in the Wuhan lab, Hilton said the pandemic virus “looks like a combination of two different bat viruses from a completely different species.”

He proceeded to discount claims that this may have been the result of natural origin.

“Multiple different species of bats in south China would have to infect each other, and some other unknown animals, and that either these animals or an infected human will need to have traveled 1000 miles without affecting anyone until they got to Wuhan,” Hilton said.

Report Advertisement

“We’re not suggesting for a second that the coronavirus was created or released as a bio weapon,” he stressed. “But lab accidents happen — that’s literally the reason the Obama administration stopped this research.”

Hilton said Matt Pottinger, who was former President Trump’s deputy national security advisor, privately told a group of British officials that “a growing body of evidence supported the idea that the virus leaked from the Wuhan lab.”

Sir Richard Dearlove, the former head of the British Secret Intelligence Service MI6, was quoted as saying: “It’s an engineered escapee from the Wuhan institute, I’m not saying anything other than the fact that… is was the result of an accident.”

After stressing you’re playing with fire when you modify a bat virus to where it can spread from human to human in the air, Hilton asked, “Why on earth didn’t Dr. Fauci stop it as soon as the Obama moratorium was announced back in 2014?”

“The response from the medical establishment has been shocking,” he added. “Instead of trying to figure out what happened, they have been pushing a cover-up.”

Saying the evidence suggests the U.S., under Fauci, commissioned the research that produced the COVID-19 virus, Hilton called on the infectious disease expert to “step aside.”

“This week President Biden made Dr. Fauci his chief medical advisor with an enhanced role,” Hilton concluded. “In the light of the documents and the evidence we presented tonight, that role is completely untenable. Fauci must step aside until we get to the bottom of this in creating, unintentionally of course, the catastrophic global pandemic.”

Xi Warns Biden & Globe Against ‘New Cold War’ In Davos Opener As Pundits Tout “Great Reset”

Speaking virtually on the first day of Davos’ World Economic Forum on Monday, Chinese President Xi Jinping gave his first major public address since Joe Biden entered the White House, tailoring his message toward calming tensions among global rivals and urging a return to “mutual respond” but also emphasizing Beijing is ready to forge its own path regardless.

Underscoring that nations must “abandon ideological prejudice” and immediately abandon a dangerous “Cold-War mentality” he called on world powers to “stay committed to international law and international rules instead of staying committed to supremacy.”

“Difference in itself is no cause for alarm, what does bring alarm is arrogance, prejudice and hatred,” Xi told the Davos Agenda event, following four years of the Trump administration’s anti-China policies which brought Sino-US relations to their lowest point in decades. “Confrontation will lead us to a dead end.” It should be noted that there’s previously little doubt that Davos attendees pretty much despised Trump, and now this year Xi of China’s Communist Party is opening the Davos agenda.

“To build small circles and start a new Cold War, to reject, threaten or intimate others, to willfully impose decoupling, supply disruptions, or sanctions, or to create isolation or estrangement, will only push the world into division and even confrontation,” he said.

Recall this is similar language to his “warnings” of rising anti-globalization and protectionism during his prior 2017 Davos speech, where he said, “Pursuing protectionism is like locking oneself in a dark room. While wind and rain may be kept outside, that dark room will also block light and air. No one will emerge as a winner in a trade war.”

Except now the world has been ravaged by the continuing slow burn of the global pandemic, which originated in Wuhan, China last year—making the Davos Agenda 2021 a dubiously hoped-for ‘great reset’ year, as Rabobank quips sarcastically:

Today kicks off the annual World Economic Forum, which this time round is online and so can’t charge anyone $43 for a hotdog. Expect various iterations along the theme of “Builders’ Bums Better” from the talking heads as the ‘Great Reset’ slash ‘Great Reflation’ is dangled before markets.

Xi’s main points:

– World should abandon ideological biases, co-exist in peace and stop interfering in others’ domestic affairs

– Sanctions and new cold wars only push the world towards confrontation

– Vows support for WHO, WTO and Paris climate accord pic.twitter.com/JmDPOXsdZk

— Stuart Lau (@StuartKLau) January 25, 2021

“We’re going through the worst recession since the end of World War II. For the first time in history economies of all regions have been hit hard at the same time…” Xi said

“Despite the trillions of dollars in relief packages worldwide, global recovery is rather shaky and the outlook remains uncertain… Macroeconomic policy support should be stepped up to bring the world economy out of the woods as early as possible,” the Chinese president added.

Chinese diplomats along with Western pundits alike have been optimistically touting the “great reset” to be laid out at the World Economic Forum this year…

The 51st #WEF plays as the “Great Reset”, aiming at recovering world economy from #COVID19 pandemic and getting global growth back on track. Looking forward to President Xi and President Ramaphosa’s speeches. https://t.co/63zzOGtkc2

— AmbCHENXiaodong (@AmbCHENXiaodong) January 25, 2021

This is a threat https://t.co/WAR7xdJh7P

— The Great XRP Awakening (@TheGreat_Reset) January 25, 2021

* * *

Here’s the full virtual address below:

China’s President Xi Jinping addresses a virtual @Davos #wef https://t.co/DuUqFEv3ka

— Reuters (@Reuters) January 25, 2021

end

4/EUROPEAN AFFAIRS

Europe Remains In Lockdown Mode

In early 2021, COVID-19 restrictions remain in place across Europe. Yet, as Statista’s Katharina Buchholz notes, reluctance to go into a full-fledged lockdown has some countries applying a hodgepodge of restrictions just short of the real deal.

Spain and France, where a second wave of infections spread from mid-July, led the way by imposing lockdowns as early as October. France has since come out of lockdown and switched to an early national curfew supplemented by restaurant closures – a tactic which is currently also applied in Belgium and Luxembourg.

Spain has stuck to its national curfew and localized lockdown system stubbornly despite case numbers rising swiftly again in what has been called a third wave of infections. Italy, where cases started rising quickly in October, is under the same regiment, while adding early restaurant closures at 6 p.m. into the mix.

More national curfews have been implemented in less-affected parts of Eastern and South Eastern Europe, for example in Hungary, Romania, Turkey and Albania.

You will find more infographics at Statista

Despite rumors, a curfew has not yet been implemented in Germany. The country implemented a national lockdown on Nov. 2, shortly after the spread of the virus accelerated, but failed to close non-essential shops until mid-December. The UK and much of Central Europe followed suit by imposing national lockdowns again, even though places like Scotland, Bulgaria and Denmark were latecomers. Switzerland closed down as late as January 15 and also keeps schools open, as does Portugal. Switzerland, which has developed a reputations for skirting some restrictions, also allows ski resorts to operate. This has led to conflict with neighboring France, where they were ordered shut.

As with the first wave of lockdowns, enforcement varies significantly between countries, with Germany merely urging residents to stay at home, while more stringent checks are customary in Spain and France.

Some more creative solutions have come out of Cyprus and Greece, where the frequency of shopping trips has been restricted majorly with the help text message codes. Scandinavia has not yet imposed major restrictions. Norway, for example, allows indoor gatherings of up to 200 people, but only if distancing measures are adhered to and chairs are bolted to the ground for extra safety. In locked-down Slovakia, a valid reason to leave your home is – like elsewhere – to walk your dog and – surprisingly – also to walk your cat.

ITALY

As promised Conte expected to resign

Italian Premier To Resign As He Plots Latest Political Comeback

Soon, Italy will be leaded toward its its 132nd federal government in roughly 160 years as PM Mario Conte, who led Europe’s third biggest economy through its most recent debt crisis, while also setting Italy on the path toward closer cooperation with China, appears to be finito – at least for now.

Despite barely surviving a handful of confidence votes, 56-year-old leader’s time as premier and leader of Italy’s council of ministers is coming to a close. According to a government statement, Conte will resign next week to avoid a damaging defeat in the Senate, as he maneuvers to try and return for another round of leadership, combating Italians who are maneuvering against him.

On Tuesday, Conte is expected to preside over a cabinet meeting at 0900 in Rome and then head to President Sergio Mattarella’s office where he will formally step down.

The idea is that by preemptively offering his resignation to Mattarella, who oversees the formation of ruling coalitions, Conte will then likely be asked to take another shot at assembling another government, according to officials who asked not to be named discussing confidential deliberations.

The Five Star Movement, the biggest force in the current parliament, along with other lawmakers, are trying to trigger vote in the Italian Senate later this week.

However, the parliamentary math does not add up. The latest gambit for Conte’s political maneuvering stands to benefit from the fact that Five Star will plunge in the polls, and the party stands to lose the most if the government collapses and Mattarella decides early elections are unavoidable.

Earlier this month, Conte stepped down after losing his governing majority in Italy’s Senate, following a fight with a small coalition ally over how to spend massive funds offered by the European Union to help Italy recover from the impact of the pandemic. His resignation has triggered a search for a new governing majority, but if none can be found, then the EU’s third-biggest economy is likely to hold elections in coming months.

The breakdown of Italy’s left-leaning government shows that Europe’s political challenges of recent years, including the fragmentation of the political landscape and the rise of anti-establishment parties haven’t gone away, despite the pressure that the pandemic is putting on European politicians to work together across party lines.

Analysts who spoke with Bloomberg insisted that Conte’s push for a “unity government” is his best option, officials said. Yet, it has long been said that Renzi and Conte have a long-festering dislike of each other and have been ill at ease in a coalition of mutual convenience.

On the other hand, Conte could seek to forge a new coalition centrists – really, center-right politicians including unaffiliated lawmakers and former PM Silvio Berlusconi, who leads the center-right Forza Italia.

Here’s the full list of Italian leaders dating back to the Italian revolution back in the 1860s.

If Conte pulls off this maneuver on Monday and Tuesday, he will kick off his third government as PM. And just like that, the non-career politician pressed into service by a group of ideologically opposed anti-establishment parties will cement his reputation as the only man who could lead Italy, because he’s the only man who doesn’t want the job.

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

6.Global Issues

CORONAVIRUS UPDATE/

California Gov Lifts COVID Stay-At-Home Order; Dr. Fauci Worries Jabs Won’t Stop Mutant Strains: Live Updates

Summary:

California Gov is lifting stay at home orders
Dr. Fauci criticizes US COVID approach, worries vaccines wont’ stop mutations
US cases, deaths, hospitalizations decline
Biden signs COVID travel bans
BoJo approves border crackdown
South Africa approves AZ vaccine for vaccinations
Moderna developing booster shot to fight South African strain
Macron expected to announce 3rd French lockdown
Oxford plans first trial of new COVID drug

* * *

It’s already mid-morning on Monday and it’s already turning out to be an interesting week for COVID-19 news. Following a WEF panel earlier this morning where Dr. Fauci heaped blame for any failures in fighting COVID on President Trump, California Gov Gavin Newsom on Monday said he plans to lift some regional stay at home orders.

Newsom is expected on Monday to lift regional coronavirus stay-at-home orders across California, a change that could allow restaurants and gyms in many counties to reopen outdoor dining and any other services.

All counties would return to the colored tier system that assigns local risk levels based on case numbers and rates of positive COVID cases. Most counties will go into the “widespread” risk tier, which permits hair salons to offer limited services indoors but restricts many other nonessential businesses . The change is expected to take effect immediately after Newsom’s announcement.

It’s not yet clear whether the decision will lead to easing of stay-at-home rules in Los Angeles County, which has become a national hotbed of the coronavirus, with hospitals overwhelmed by patients. In less than one month, more than 5K people have died of COVID-19 in the county alone.

In the US, cases, hospitalizations and new deaths have been falling across the board.

Last week, Dr. Fauci led the US delegation back to the WHO like a conquering hero, announcing that under the Biden Administration, the US would cooperate with the organization’s plan to distribute vaccine doses globally, while halting President Trump’s attempt to leave the UN-funded NGO.

Well, on Monday, Dr. Fauci joined a panel led by Bloomberg News CEO John Micklethwaite and a handful of other experts at the (virtual) WEF to discuss the global response to the COVID pandemic one year after the virus came bursting out of Wuhan, infecting the rest of the world.

Oddly, the WEF decided to name its panel “the Great Reset”, as if the same people weren’t still running the global response to the COVID-19 pandemic. But the subtext was clear: With President Trump gone, the world can get back to the fundamentals of battling COVID-19.

really can’t make this up pic.twitter.com/3sUCb10Qgx

— zerohedge (@zerohedge) January 25, 2021

In the latest attempt to slander President Trump, the good doctor said during Monday’s forum that the US’s response to COVID-19 didn’t have a “science” focus, which “cost it dearly”, Dr. Fauci said, in the latest attempt to insinuate that President Trump – and Trump alone – is responsible for the 400K+ confirmed COVID deaths.

Fauci complained that the Trump administration had “a considerable amount of mixed messaging on what needed to be done from top down.” Like when Dr. Fauci first told people not to wear masks, before changing his mind? Or when he opposed travel bans, before changing his mind on that also?

Or, how about more recently, when he flip-flopped for banning travelers from South Africa?

When it comes to the South African strain, Dr. Fauci warned that the decline in vaccine efficacy could pose serious problems in the future.

He then blamed the fact that these public health issues had become “politically charged”. When public health issues become politically charged, like wearing a mask or not becomes a political statement, “you can’t imagine how destructive it is to any unified health message,” Dr. Fauci said.

The Pandemic “shed a very bright light” on America’s weaknesses, he added, without going into too much details.

Moving on, Dr. Fauci said he was worried about what might happen if people start to delay the second dose of their COVID vaccines, with Dr. Fauci insisting that the vaccines won’t achieve full efficacy without both doses.

Readers can watch the entire panel below:

Looking ahead, Dr. Fauci said the big question looking forward is figuring out whether the vaccines that have been developed in the West will be effective in stopping mutated versions of the virus. But the most important thing is that patients receive both doses of the vaccine, since full efficacy won’t kick in until the booster dose has been delivered.

Here’s some more COVID news for overnight and Monday morning:

US President Biden will sign an order on Monday to ban entry to most non-US citizens who have travelled to UK, Ireland, Brazil and South Africa. It was also reported that the CDC will sign an order requiring mask use on all flights, trains and ride-sharing vehicles, while it will not grant waivers for airlines seeking exemptions from COVID-19 testing requirements for all international flights. (Newswires)

Pfizer (PFE) will ship fewer COVID-19 vaccine vials to account for ‘extra’ doses in each vial and will account a 6th dose in each vial towards its prior commitment of supplying 200mln doses by end-July after it received FDA approval to change the vaccine’s formal authorization language to acknowledge an additional dose for a total 6 doses per vial. (New York Times)

UK PM Johnson is to approve a new border crackdown on Tuesday which could ban entry into the UK for nationals of COVID-19 hotpots, while there are also proposals for those arriving from hotspots including British citizens to be escorted to isolation hotels upon arrival where they will need to quarantine at their own expense.

Oxford University researchers are planning the first, large high-quality trial of ivermectin which is a low-cost drug that claimed to reduce deaths by 80% among patients in hospitals, although other scientists were sceptical of the data which was from a combination of 11 prior trials and said that more results would be required before it could be considered as a treatment. (The Times)

French President Macron may announce a 3rd national lockdown on Wednesday night which could take effect from the end of the week and last at least 3 weeks, amid concerns of a new wave of COVID-19 infections driven by the UK variant. (Journal du Dimanche)

* * *
In other news, while the world frets about the South African COVID variat, the country’s health regulators have just approved AstraZeneca’s vaccine for use in the country, marking the first vaccine approved in South Africa. Meanwhile, Moderna announced earlier that it’s developing a booster shot to battle the South African strain after it found that its vaccine isn’t as effective against the strain.

1. Easy to understand explanation of how ADE works

https://sciencewithdrdoug.com/2020/08/01/is-a-coronavirus-vaccine-a-ticking-time-bomb/amp/?__twitter_impression=true

2. Awesome video which shows the mechanism of 5 types of ADE and also how Ivermectin works. Why Ivermectin is the gold standard, the best anti Covid drug by far.

https://m.youtube.com/watch?v=qOLksb6PMoA

Everybody who takes a vaccine must take Ivermectin at the same time. What I didn’t understand before is not only is Ivermectin anti-Covid, it is anti ADE. That’s how it actually works. Many people who have Covid may actually have ADE from a prior infection.

Attachments area

Preview YouTube video Cytokine Storm with ADE – Antibody-dependent Enhancement of Coronavirus

END

Moderna Vaccine Not Effective Against “Mutant” South African COVID Strain, But Works With UK Variant

Moderna’s latest trial data includes some good news…and some bad news.

The good news is that the biotech company’s original COVID jab is effective against two mutations of SARS-CoV-2 which were first isolated in the UK and South Africa, respectively.

The bad news is that, at least when it comes to the South African variant, Moderna’s jab is much less effective than scientists had expected. That’s a bad sign, because it suggests the vaccines might not perform as well, particularly in elderly patients, or that the immunity they provide might not last as long, as various strains of the virus continue to mutate.

However, perhaps due to the optimistic tone of the press release, investors took the news as a positive and bid Moderna shares higher.

Here’s some more details from the FT:

Laboratory tests show Moderna’s Covid-19 jab still works against the variant named 501.V2, which emerged in South Africa, and B.1.1.7, which was first discovered in the UK, the company said. But it warned that the neutralising antibody response to 501.V2 was sixfold lower than to the original variant, raising concerns that immunity to it may wane significantly, particularly in older people.

Moderna has launched a series of trials intended to test its vaccine’s efficacy against several different mutant strains.

But don’t worry, because even though Moderna’s CEO acknowledges that this is an extremely serious situation and the company is preparing for the worst-case scenario, everything is going to be okay.

Stéphane Bancel, Moderna CEO, said the company was preparing for a “worst-case scenario,” even though he had “zero concerns” about the vaccine’s efficacy in the coming months. “If something needs to be done in the summer, we’ll do something, but we cannot be late,” he told the Financial Times. “We don’t want the virus to win, we want the human race to win.”

That doesn’t exactly sound reassuring. As it turns out, Moderna is the first vaccine maker in the West to announce a trial for a booster against a new variant, after having its initial jab authorised across the world including in the US, the EU and the UK. Its messengerRNA technology can be quickly adapted for new variants.

The company is working with the US National Institutes of Health on the trials. Mr Bancel said a few thousand trial participants would be given a booster shot, divided into two groups: one to receive the original vaccine again, and another to get a new vaccine formulated to target 501.V2. The trial will also test to see what dose is needed for a booster.

Read the full press release below:

CAMBRIDGE, Mass.–(BUSINESS WIRE)–Jan. 25, 2021– Moderna Inc. (Nasdaq: MRNA), a biotechnology company pioneering messenger RNA (mRNA) therapeutics and vaccines, today announced results from in vitro neutralization studies of sera from individuals vaccinated with Moderna COVID-19 Vaccine showing activity against emerging strains of SARS-CoV-2. Vaccination with the Moderna COVID-19 Vaccine produced neutralizing titers against all key emerging variants tested, including B.1.1.7 and B.1.351, first identified in the UK and Republic of South Africa, respectively. The study showed no significant impact on neutralizing titers against the B.1.1.7 variant relative to prior variants. A six-fold reduction in neutralizing titers was observed with the B.1.351 variant relative to prior variants. Despite this reduction, neutralizing titer levels with B.1.351 remain above levels that are expected to be protective. This study was conducted in collaboration with the Vaccine Research Center (VRC) at the National Institute of Allergy and Infectious Diseases (NIAID), part of the National Institutes of Health (NIH). The manuscript has been submitted as a preprint to bioRxiv and will be submitted for peer-reviewed publication.

The two-dose regimen of the Moderna COVID-19 Vaccine at the 100 µg dose is expected to be protective against emerging strains detected to date. Nonetheless, Moderna today announced its clinical strategy to proactively address the pandemic as the virus continues to evolve. First, the Company will test an additional booster dose of its COVID-19 Vaccine (mRNA-1273) to study the ability to further increase neutralizing titers against emerging strains beyond the existing primary vaccination series. Second, the Company is advancing an emerging variant booster candidate (mRNA-1273.351) against the B.1.351 variant first identified in the Republic of South Africa. The Company is advancing mRNA-1273.351 into preclinical studies and a Phase 1 study in the U.S. to evaluate the immunological benefit of boosting with strain-specific spike proteins. Moderna expects that its mRNA-based booster vaccine (whether mRNA-1273 or mRNA-1273.351) will be able to further boost neutralizing titers in combination with all of the leading vaccine candidates.

“As we seek to defeat the COVID-19 virus, which has created a worldwide pandemic, we believe it is imperative to be proactive as the virus evolves. We are encouraged by these new data, which reinforce our confidence that the Moderna COVID-19 Vaccine should be protective against these newly detected variants,” said Stéphane Bancel, Chief Executive Officer of Moderna. “Out of an abundance of caution and leveraging the flexibility of our mRNA platform, we are advancing an emerging variant booster candidate against the variant first identified in the Republic of South Africa into the clinic to determine if it will be more effective to boost titers against this and potentially future variants.”

First detected in September 2020 in the United Kingdom, the SARS-CoV-2 B.1.1.7 variant has seventeen mutations in the viral genome with eight mutations located in the spike (S) protein. The B.1.351 variant, first detected in South Africa, has ten mutations located in the spike (S) protein. Both variants have spread at a rapid rate and are associated with increased transmission and a higher viral burden after infection1,2.

The in vitro study assessed the ability of mRNA-1273 to elicit potently neutralizing antibodies against the new SARS-CoV-2 variants, using sera from eight Phase 1 clinical trial participants (aged 18-55 years) who received two 100 µg doses of mRNA-1273, and separately using sera from non-human primates (NHPs) immunized with two doses of 30 µg or 100 µg of mRNA-1273.

For the B.1.1.7 variant, neutralizing antibody titers remained high and were generally consistent with neutralizing titers relative to prior variants. No significant impact on neutralization was observed from either the full set of mutations found in the B.1.1.7 variant or from specific key mutations of concern. Although these mutations have been reported to lessen neutralization from convalescent sera and to increase infectivity, sera from the Phase 1 participants and NHPs immunized with mRNA-1273 were able to neutralize the B.1.1.7 variant to the same level as prior variants.

For the B.1.351 variant, vaccination with the Moderna COVID-19 Vaccine produces neutralizing antibody titers that remain above the neutralizing titers that were shown to protect NHPs against wildtype viral challenge. While the Company expects these levels of neutralizing antibodies to be protective, pseudovirus neutralizing antibody titers were approximately 6-fold lower relative to prior variants. These lower titers may suggest a potential risk of earlier waning of immunity to the new B.1.351 strains.

Merck First US Pharma Giant To Abandon COVID Vaccine Efforts

New Jersey-based Merck, one of the world’s largest pharmaceutical companies, has just abandoned its two experimental COVID vaccine projects after early data showed they generated little, if any, immune response in patients.

Merck’s shares took a hit on the news, tumbling nearly 2%, as the company – which has a long history of developing vaccines (though typically on a longer timeline) – adopted a different strategy from rivals like Pfizer, Moderna and J&J. Merck used a more traditional approach focusing on weakened viruses. One approach, called V590, used technology from Merck’s Ebola inoculation efforts, while the other, known as V591, was based on a measles vaccine used in Europe.

Merck has lagged peers like Pfizer, JNJ and GSK for pretty much the entire time, while its lab results were “disappointing, and “a bit of a surprise,” said Nick Kartsonis, Merck’s senior vice president of clinical research for infectious diseases and vaccines at Merck Research Laboratories.

Both shots generated fewer neutralizing antibodies than other vaccines and produced inferior immune responses compared with people who had naturally contracted the coronavirus. “We didn’t have what we needed to be able to move forward,” Kartsonis said in an interview Sunday. After evaluating the data, Merck’s leadership team decided to scrap the vax effort and focus resources on COVID treatments instead.

7. OIL ISSUES

end

8 EMERGING MARKET ISSUES

INDIA AND CHINA

they are at it again

Chinese & Indian Troops In New Himalayan Border Brawl, Injuries Reported

Chinese and Indian troops are reported to have once again engaged in a fierce clash along their shared high altitude Himalayan border, resulting in injuries, according to international reports emerging overnight.

Word of the clash which reportedly took place in north Sikkim on Wednesday is only now being revealed, where frontline border patrols tend to be unarmed. “A Chinese patrol tried to enter Indian territory and was forced back, the officials said,” according to BBC, citing regional media. “Some reports said sticks and stones were used, but there were no gunshots.”

*Indian border troops on alert, via AFP*

Typically frontline border patrols on either side are unarmed because of the history of tensions, which each side fears could lead to border war between Indian and China.

According to the latest from The Times of India:

Sources said the brawl at Naku La took place after Indian troops challenged the attempt by the People’s Liberation Army (PLA) to intrude into Indian territory. “Both sides brought in some reinforcements…there were injuries on both sides in the physical clash. But there was no firing. The situation is under control,” said a source.

North Sikkim, site of this latest incident, lies about 1500 miles east of the Ladakh area, the latter being the site where after a nighttime clash over 20 Indian soldiers died last June.

That deadly fight resulted ratcheting tit-for-tat accusations later resolved back to an uneasy status quo after months of military to military de-escalation talks, which are currently in their ninth round of dialogue.

Like the initial aftermath of that prior clash, the Chinese PLA military is keeping mum on this incident, which the Indian Army calling it relatively “minor” and describing it as “resolved”.

Indian has charged the Chinese side with military build-up and expansion in and along disputed border zones which constitutes a violation of status quo agreements, as Times of India alleges further:

China has built new roads and lateral links, surface-to-air missile positions and helipads in different sectors stretching from Ladakh to Arunachal Pradesh, while also establishing civilian settlements in “disputed but occupied areas” in the eastern sector.

China’s Foreign Ministry for its part simply called on India to “refrain from actions that might escalate or complicate the situation along the border”.

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

Euro/USA 1.1718 DOWN .0026 REACTING TO MERKEL’S FAILED COALITION/ REACTING TO +GERMAN ELECTION WHERE ALT RIGHT PARTY ENTERS THE BUNDESTAG/ huge Deutsche bank problems ///ITALIAN CHAOS//CORONAVIRUS/PANDEMIC/TRUMP POSITIVE WITH VIRUS /AND NOW ECB TAPERING BOND PURCHASES/JAPAN TAPERING BOND PURCHASES /USA RISING INTEREST RATES /FLOODING/EUROPE BOURSES /RED

USA/JAPAN YEN 105.14 DOWN 0.406 (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 1.2932 UP 0.0047 (Brexit March 29/ 2019/ARTICLE 50 SIGNED/BREXIT FEES WILL BE CAPPED/

USA/CAN 1.3310 UP .0024 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 24 basis points, trading now ABOVE the important 1.08 level FALLING to 1.1718 Last night Shanghai COMPOSITE

//Hang Sang CLOSED

/AUSTRALIA CLOSED DOWN 1,42%// EUROPEAN BOURSES ALL RED

Trading from Europe and Asia

EUROPEAN BOURSES ALL RED

2/ CHINESE BOURSES / :Hang Sang CLOSED DOWN

/SHANGHAI CLOSED DOWN

Australia BOURSE CLOSED DOWN 1.42%

Nikkei (Japan) CLOSED DOWN 155.22 POINTS OR 0.63%

INDIA’S SENSEX IN THE RED

Gold very early morning trading: 1910.00

silver:$24.00-

Early FRIDAY morning USA 10 year bond yield: 0.66% !!! DOWN 2 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 1.435 DOWN 3 IN BASIS POINTS from THURSDAY night.

USA dollar index early FRIDAY morning: 93.81 DOWN 10 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: 0.02% DOWN 0 in basis point(s) yield from YESTERDAY/

JAPANESE BOND YIELD: +.04.% DOWN 0 BASIS POINTS from YESTERDAY/JAPAN losing control of its yield curve/56

SPANISH 10 YR BOND YIELD: 0.08%//DOWN 0 in basis point yield from yesterday.

ITALIAN 10 YR BOND YIELD:0.68 DOWN 6 points in basis points yield from yesterday./

the Italian 10 yr bond yield is trading 60 points higher than Spain.

GERMAN 10 YR BOND YIELD: FALLS TO –.55% IN BASIS POINTS ON THE DAY//

THE IMPORTANT SPREAD BETWEEN ITALIAN 10 YR BOND AND GERMAN 10 YEAR BOND IS 1.23% AND NOW ABOVE THE THE 3.00% LEVEL WHICH WILL IMPLODE THE ENTIRE ITALIAN BANKING SYSTEM. AT 4% SPREAD THERE WILL BE A HUGE BANK RUN…

END

IMPORTANT CURRENCY CLOSES FOR FRIDAY

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

Euro/USA 1.2128 DOWN .0032 or 23 basis points

USA/Japan: 103.78 UP .091 OR YEN DOWN 9 basis points/

Great Britain/USA 1.3649 DOWN .0023 POUND DOWN 23 BASIS POINTS)

Canadian dollar DOWN 42 basis points to 1.2761

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

The USA/Yuan, CNY: closed UP AT 64798 ON SHORE (UP)..GETTING DANGEROUS

THE USA/YUAN OFFSHORE: 6.5919 (YUAN up)..GETTING REALLY DANGEROUS

TURKISH LIRA: 7.41 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 FRIDAY at 1.047 % //trading well ABOVE the resistance level of 2.27-2.32%) very problematic USA 30 yr bond yield: 1.800 DOWN 5 in basis points on the day

Your closing USA dollar index, 90.46 down 6 CENT(S) ON THE DAY/1.00 PM/

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

London: CLOSED DOWN 34.06 0.39%

German Dax : CLOSED DOWN 230.02 POINTS OR 1.66%

Paris Cac CLOSED DOWN 87.21 POINTS 1.57%

Spain IBEX CLOSED DOWN 139.10 POINTS or 1.73%

Italian MIB: CLOSED DOWN 352.41 POINTS OR 1.61%

WTI Oil price; 52.04 12:00 PM EST

Brent Oil: 55.33 12:00 EST

USA /RUSSIAN / RUBLE FALLS: 73.64 THE CROSS LOW BY 0.38 RUBLES/DOLLAR (RUBLE HIGHER BY 38 BASIS PTS)

TODAY THE GERMAN YIELD FALLS TO –.55 FOR THE 10 YR BOND 1.00 PM EST EST

END

This ends the stock indices, oil price, currency crosses and interest rate closes for today 4:30 PM

Closing Price f0r Oil, 4:00 pm/and 10 year USA interest rate:

WTI CRUDE OILPRICE 4:30 PM : 52.50//

BRENT : 55.87

USA 10 YR BOND YIELD: …1.026..DOWN 6 basis points…

USA 30 YR BOND YIELD: 1.796 DOWN 6 basis points..

EURO/USA 1.2141 ( DOWN 21 BASIS POINTS)

USA/JAPANESE YEN:103.77 UP .074 (YEN DOWN 7 BASIS POINTS/..

USA DOLLAR INDEX: 90.37 UP 13 cent(s)/

The British pound at 4 pm Britain Pound/USA:1.3671 UP 51 POINTS

the Turkish lira close: 7.41

the Russian rouble 73.37 DOWN 0.11 Roubles against the uSA dollar. (DOWN 11 BASIS POINTS)

Canadian dollar: 1.2742 DOWN 23 BASIS pts

German 10 yr bond yield at 5 pm: ,-0.55%

The Dow closed DOWN 36.98 POINTS OR 0.48%

NASDAQ closed UP 82.79 POINTS OR 0.62%

VOLATILITY INDEX: 23.41 CLOSED UP 1.50

LIBOR 3 MONTH DURATION: 0.215%//libor dropping like a stone

USA trading today in Graph Form

“Sell Mortimer”: Short Squeeze Turmoil Triggers Market Rollercoaster

And to think that it started off so well.

Amid media reports of investor “optimism” on the back of more fiscal stimulus and covid vaccine rollouts (when in reality said media was merely goalseeking a narrative to the higher overnight futures), the Emini started off solidly in the green, and at one point were set to make a breakout attempt at the all time high of 3,859.75, getting to within 8 points…. when at exactly 1045am, a trapdoor opened below the market, and the Emini tumbled a whopping 60 points in under minutes…

… a move catalyzed by a rollercoaster move in the most shorted names, the biggest of which – with 140% of its float shorted – was Gamespot, and which exploded as high as $159, a level it hit just minute before said trapdoor opened above, and sent the stock plunging. In fact, after more than doubling shortly after the open, GME at one point dropped as much as $100, turning red on the session before recovering losses…

… when a news report indicated that despite the massive move higher, the Short Interest in GME had barely budged and was still at ~140% of float, where it had been two weeks earlier.

And while GME was the star attraction of the day as the insane short squeeze continued, virtually all most shorted stocks exploded higher, with a bsket of the 11 Russell 3000 companies whose Short Interest is 50%+ of the float (which we listed on Friday)…

… exploding to record highs today.

The tremors as Reddit/WSB/Robinhood took on the established hedge fund crowd led to the first official casualty, when we learned that Mevlin Capital’s Gabe Plotkin, who was heavily betting against some of the most popular short names, get a $2.75 bailout (margin call) from previous investors Citadel and Point72, who were forced to triple down or see their initial investment of $1 billion vaporize.

And while stocks did their thing, the real story of the day is that the Fed has broken the market so much, that a bunch of teenagers armed with “stimmy checks” can take on iconic hedge fund managers and steamroll them with impunity.

A less remarkable, if still notable observation, came from Bespoke, which note that today the market ended a streak of 51 trading days in which over 70% of S&P 500 stocks traded above their 50-DMAs – “the longest such streak since September 2009.”

Elsewhere, the VIX soared as one would expect, surging as high as 26.63 to coincide with the market drop, before fading more than half of the move…

… while 10Y yields – and the curve in general – spooked by the sudden selloff in stocks, slumped in a flight to safety…

… which also pushed the dollar higher

While commodities were relatively boring, there was a notable uptick in soybean futures, which rebounded modestly…

… after last week’s drop which saw a 31 cent plunge on Tuesday last week, the biggest one day drop for the contract. As The Bear Traps report notes, “rain in Brazil has been favorable and the country is on track for a record 4.89B crop. Normally, that would be bearish for U.S. soybeans prices, but supplies are so tight, prices has thus far remained in the uptrend, but are beginning to see signs of weakness.”

And yes, with prices rising across the commodity sector, inflation expectations continue to surge, prompting the question when – not if – the Fed will step in to contain this unprecedented liquidity tsunami.

And speaking of the Bear Traps report, earlier we noted that while it is easy to blame the market turmoil on the massive rolling short squeezes, Larry McDonald had a different take on what may prompt the game of musical chairs to stop abruptly.

Our 21 Lehman Systemic Indicators are screaming higher. The inmates are running the asylum and the probability of the Federal Reserve breaking out their creative “macro prudential” tool box is the highest in years. U.S. central bankers are no longer Trump constrained, the banking system is strong but the equity market has far more in common with Steve Wynn (Vegas) than Warren Buffett (Omaha).

We think the Fed sends a shot over the bow very soon. Our social justice, inequality embarrassed Fed is not happy. The will not taper but they can make serious threats to risk takers. We have an explosion of SPAC / IPO issuance, $850B of margin debt or 75% above 2015 levels, the most shorted equities up 75% vs. 16% for the S&P 500 since October (bulls running over bears), record high call vs. put volume with the little guy leading the charge SELL Mortimer Sell. The risk reward is atrocious from a long perspective in U.S. equities.

Impeachment Threat to Reflation: Moves to the Senate floor next week. Impact; 1 . Pushes out the Fiscal timeline. 2 . Similar to the GOP immediately trying to take down Obamacare, the signature achievement of the previous administration , on day one of the Trump administration. The move was Unwise and Not helpful to the fiscal policy path.

Remember, the tax cuts were sold to us as a certainty in Q1 2017, they didn’t arrive until late Q4 that year. In our view, this speaks to a potential rally in bonds / USD for the next few weeks.

Best case scenario, we have a $1.9T fiscal plan coming in late February early March with the current the bid / offer at $800B to $1.9T. However, any additional variant / mutations Covid risk increase will game the spread in the direction of the offer side if the mpeachment doesn’t blow up the deal altogether.

a)Market trading/LAST NIGHT/USA

b)MARKET TRADING/USA//Non farm payrolls

ii)Market data/USA

iii) Important USA Economic Stories

Cuomo: NY Ready To Ease Pandemic Restrictions After Holiday Spike

In more news that would have been impossible before January 20, New York Governor Andrew Cuomo (D) is now planning to ease coronavirus restrictions in some parts of the state after the ‘holiday spike’ in COVID-19 cases, and will announce changes to the state’s pandemic cluster zones soon, according to Syracuse.com

Cuomo’s anticipated announcement follows the Democratic strongholds of California and Illinois, which announcing similar measures over the last several days.

“I think we’re at a new place now,” said Cuomo. “And we can start to adjust that valve and start to open up more economic activity and reduce some of the restrictions.”

For example, elective surgeries will be able to resume in Erie County. “But, don’t get cocky with Covid,” Cuomo warned.

Hospitalizations, new cases and the statewide percentage of people testing positive for the coronavirus are all improving, Cuomo said during a press conference in Buffalo. The state did indeed see spike during the holiday season, but the surge appears to be slowing.

Cuomo didn’t give further details on what type of restrictions he might loosen or what cluster zones might be eliminated or changed. The state Health Department is reviewing data on the zones now and Cuomo said expects to have announcements in the coming days. –Syracuse.com

New York launched their ‘cluster zone’ strategy in the fall, which mandates lockdown restrictions based on a color-coded guide; yellow, orange and red – much like other ridiculed government threat indicators.

Most New York suburbs have been living under yellow and orange zone restrictions, the latter of which banned gyms, hair salons and barbers from operating. Schools which fell in orange zones were initially required to employ remote learning, while restaurants were barred from indoor dining.

Those rules were predictably written in sand, however, as the state began to allow schools to resume in-person instruction with extra testing – followed by gyms, barbers and salons. Just weeks ago, orange zone restaurants across the state were allowed to resume indoor dining on a temporary basis, while yellow zone restaurants are limited to four people per table.

end

Another brick and mortar operation disappear:

Godiva Closing All US Stores On Plunging Sales

Godiva is riding its company horse out of North America and shutting down or selling all 128 of its brick-and-mortar locations in the U.S. and Canada by the end of March, the chocolatier announced on Sunday. And while the company’s stores in the Middle East, Europe, and China will remain open, Eater.com notes that that’s of little use to America’s last-minute gift-givers who previously could’ve counted on swinging by the mall post-work and treating their loved ones to a gilded box of truffles.

Godiva cited the drop in traffic during the pandemic and changing consumer buying behavior as reasons behind the decision. While people are no longer shopping in person at Godiva stores, the company has seen growth in online sales and purchases through its retail and grocery partners.

CEO Nurtac Afridi, who was appointed to the role last month by Govida’s Turkish parent company Yildiz Holding, said in a written statement that the company has “always been focused on what our consumers need and how they want to experience our brand, which is why we have made this decision.”

Local reports indicated that many of the Godiva stores will remain open through Valentine’s Day, a major sales period for the chocolatier. The Indianapolis Business Journal reported that an Indianapolis Godiva shop would close on Feb. 15, while The Dallas Morning News reported that seven Texas locations would shutter by the end of March.

In 2019, the chocolate maker opened its first-ever U.S. cafe in New York, selling its signature confectionery alongside drinks and food like sandwiches, salads, and something called the “croiffle,” a.k.a. a croissant press into a hot waffle. At the time, Godiva had plans to open 2,000 cafes over the next six years, according to Eater.

Beyond the devastating loss of the croiffle in North America, Godiva’s store shutdowns will also impact an undisclosed number of employees, although the company didn’t immediately say how many employees would be affected.

“Of course, this decision was difficult because of the care we have for our dedicated and hard-working chocolatiers who will be impacted,” Afridi said. “We are grateful for all they have done to make wonderful moments for our consumers and spread happiness through incredible customer service.”

The move comes less than two years after Godiva announced a push to open 2,000 cafes around the world over six years. The cafes offer a menu expanded beyond chocolate, including baked goods, sandwiches and coffee.

iv) Swamp commentaries

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

Amazon Demands In-Person Union Vote after Arguing Mail-In Ballots ‘Raise Risk of Fraud’

https://www.zerohedge.com/covid-19/amazon-demands-person-union-vote-after-arguing-mail-ballots-raise-risk-fraud

@Outkick: Jeff Bezos and Amazon do not want their workers voting by mail on unionization. Amazon says mail-in voting wouldn’t be “valid or fair.” The Washington Post, owned by Bezos, called any claims of mail-in voter fraud by Donald Trump and his supporters dangerous and inexcusable. Amazon even banned Parler from its servers, in part to ensure no one could claim voter fraud occurred from mail-in ballots back in November…Mail-in voting has never been about the health of Americans or ensuring that each voice counts…Hypocritical, but sadly, all too predictable.

https://www.outkick.com/jeff-bezos-amazon-mail-in-votes

Meanwhile, inflationary pressures intensified as supplier delays and shortages pushed input prices higher. The rate of input cost inflation was the fastest on record (since October 2009)… A number of firms were able to partially pass-on greater cost burdens, however, as the pace of charge inflation quickened to a steep rate. The impact was less marked in the service sector as firms sought to boost sales, but manufacturers registered the sharpest rise in selling prices since July2008… The rate of cost inflation was the fastest since April 2018, with firms raising output charges at the sharpest pace since July 2008… the last two months seen supply shortages develop at a pace not previously seen in the survey’s history, but prices have also risen due to the imbalance of supply and demand…

https://www.markiteconomics.com/Public/Home/PressRelease/8112980330a9491c954c4ee22b2db430?hsid=c0a82e44-a36d-4c81-b9ee-de3e163435bd

Biden Seeks Immediate Help for Millions as Big Stimulus at Risk

Biden plans executive action on food provision, U.S. contracts

The president is asking the Labor Department to issue guidance clarifying that workers can refuse employment that jeopardizes their health and still receive unemployment benefits. That could help service-industry and factory workers worried about the spread of the coronavirus at their job to stay home from work… Biden will also ask the Department of Agriculture to issue new guidance that would allow as many as 12 million additional Americans to have access to food-stamp benefits that were enhanced during the pandemic. The president will also ask the department to make it easier for families to access a program providing benefits to children who would normally qualify for free school lunches, and increase the benefit by 15%…

https://news.bloomberglaw.com/daily-tax-report/biden-seeks-immediate-help-for-millions-as-big-stimulus-at-risk

Biden Rescinds Trump Order Banning Chinese Communist Involvement in US Power Grid

https://thenationalpulse.com/news/biden-revokes-trump-energy-eo/

GOP Rep. @laurenboebert: Remember during the campaign when Biden said he would not end fracking? Day One, he confirmed he’s placing a ban on fracking. [On federal properties]

@JackPosobiec: The past 4 years were the only time Biden has spent out of government since the Nixon administration lol @ people just finding out he breaks promises

AP: President Joe Biden’s 60-day moratorium on new oil and natural gas leases and drilling permits is prompting widespread concerns in New Mexico, where spending on education and other government programs hinges on the industry’s success. https://t.co/XOMPSpUURT

Pipefitters’ union supported Biden and lost tens of thousands of jobs – The United Association of Union Plumbers and Pipefitters: “The Biden Administration has chosen to listen to the voices of fringe activists instead of union members… the Biden Administration has now put thousands of union workers out of work…”https://www.independentsentinel.com/pipefitters-union-supported-biden-and-lost-tens-of-thousands-of-jobs/

New tax on number of miles you drive? Incoming Transportation Secretary Buttigieg likes the idea

Buttigieg endorsed moving to a vehicle miles traveled (VMT) system as a presidential candidate.

https://justthenews.com/government/white-house/incoming-transportation-sec-buttigieg-suggests-taxing-americans-amount-miles

‘Release them all, immediately’: Email to ICE officers reveals chaos after Biden halted deportations https://t.co/nZL2JGlpr1

@RupaliChadhaMD: Biden is now reversing the executive order put into place by President Trump to reduce pricing for insulin and epinephrine… This is NOT a partisan issue and will harm Americans.

https://twitter.com/RupaliChadhaMD/status/1352610397979693060

CNBC’s @carlquintanilla: FUNDSTRAT: “COVID-19 is in ‘full blown’ retreat in USA… The 7D delta has turned negative for the past 10 days consecutively. This is impressive and the rate of change is accelerating to the downside… US hospitalization still rolling over … and even US deaths”

https://twitter.com/carlquintanilla/status/1352432759982198785/photo/1

California won’t tell public virus data, says ‘would mislead and create greater uncertainty’ https://t.co/vewEh65N9j

Dr Naomi Wolf @naomirwolf: I’m a Democrat, former political consultant to Clinton and Gore campaigns. Horrible thing is, I know it’s possible that businesses in blue states were closed to tighten screws on Trump, and will open to boost Biden, all justified by (fraudulent) PCR Covid tests that can go up or down from simply by tweaking the ct cycles. I see blue states ‘opening up’ now and my heart is breaking for all those killed off businesses, hungry families, desperate small landlords, bar owners, restaurateurs. Seems impossible to believe anyone can be that cruel but yes it is

NYT: Surge of Student Suicides Pushes Las Vegas Schools to Reopen

https://www.nytimes.com/2021/01/24/us/politics/student-suicides-nevada-coronavirus.html

@DrGiroir: To clarify, the US was without an official WHO Executive Board member when the #COVID19 pandemic erupted globally. I was not confirmed until May 2020, after nearly 18 months of delay in the Senate process & sent back twice to Committee by @SenSchumer https://t.co/QIeIVy3qt9

House Speaker Pelosi to send impeachment article to Senate on Monday, Schumer

https://justthenews.com/government/congress/house-speaker-pelosi-send-impeachment-article-senate-monday-schumer

WaPo: Senate reaches deal to start Trump’s trial Feb. 9

https://www.washingtonpost.com/politics/pelosi-delivers-impeachment-articles-monday/2021/01/22/d858374e-5cd7-11eb-b8bd-ee36b1cd18bf_story.html

Were Pelosi, McConnell warned of potential violence before Capitol riot? Offices remain mum

Representatives of the Speaker of the House and Senate Republican Leader are also silent on whether the leaders weighed in on having National Guard troops bolster security at the Capitol prior to the events of Jan. 6… Security sources told Just the News that Pelosi’s staff was briefed on threats of violence, but it is unclear if Pelosi herself was briefed directly or indirectly on the situation…

https://justthenews.com/government/congress/pelosis-office-wont-say-if-she-was-briefed-potential-violence-ahead-jan-6

Washington DC, Illinois, Michigan and New York last week announced that restaurants would open (25% cap) – despite “The Big Guy” asserting that the darkest days of Covid are upon us. What change occurred last week that induced Democrat governors to start reopening their respective economies?

President Biden on Friday said: “There is nothing we can do to change the trajectory of the pandemic in next several months.” https://twitter.com/disclosetv/status/1352712833511919623

@Reuters: Critics have said the CDC fumbled key decisions on COVID because the Trump administration meddled in the agency’s operations. But @Reuters has found evidence that the response was marred by actions – or inaction – by career scientists and frontline staff https://www.reuters.com/article/us-health-coronavirus-cdc-response-speci/special-report-how-u-s-cdc-missed-chances-to-spot-covids-silent-spread-idUSKBN29R1E7

@JackPosobiec: Assad rapidly becoming the #1 foreign target of the Biden admin. “These guy want to depose him. Syria Syria Syria is all I hear, full on war drums. They talk like they’re Alexander the Great,” remarked one official. The Syria stuff hasn’t even begun yet. Full-on regime change is being discussed again. It’s like the last 10 years of the civil war never happened.

Benghazi was about getting US weaponry into the hands of forces that wanted to remove Assad from power. Hillary and Obama wanted regime change in Syria. If one didn’t know better, they’d think that Obama is really the president now based on The Big Guy’s EOs, directives and initiatives.

WSJ’s Kim Strassel: Joe Biden’s Inaugural Purge

The firing of Peter Robb belies all the happy talk about unifying the country.

https://www.wsj.com/articles/joe-bidens-inaugural-purge-11611270791

Biden reeled in more ‘dark money’ than any other candidate in history…

A report from CNN in late November stated, “More than $320 million of so-called ‘dark money’ helped boost Democrats in the White House and congressional races — more than double the anonymous dollars that aided Republicans in this year’s federal elections, a new analysis shows.”… “The whole point of dark money is to avoid public disclosure while getting private credit.”…

https://www.theblaze.com/news/biden-dark-money-campaign-donations-trump

CNBC: Senate Democrats are taking aim at the IRS in a probe of dark money groups involved with the rally leading up to the deadly riot on Capitol Hill… [Good, go after all dark money!]

https://www.cnbc.com/2021/01/22/capitol-riot-senate-democrats-plan-to-target-irs-in-probe-of-pro-trump-groups.html

Ray Dalio: “We are on the brink of a terrible civil war.” https://www.zerohedge.com/markets/ray-dalio

[When the rule of law, fair elections, access to parts of the economy and free speech depend on your ideology and politics, bad stuff will occur.]

“Liberty is meaningless where the right to utter one’s thought and opinions have ceased to exist. That, of all rights, is the dread of tyrants. It is the right which they first of all strike down. They know its power...” — Frederick Douglass, “Plea for Freedom of Speech in Boston”, December 3, 1860

@ AFP: Police clashed violently with protesters in Moscow and arrested more than 2,500 in cities…in Russia Protests to denounce Kremlin rule and demand the release of opposition leader Alexei Navalny

Reuters: Taiwan reports large incursion by Chinese air force

Eight Chinese bomber planes and four fighter jets entered the southwestern corner of Taiwan’s air defense identification zone on Saturday, and Taiwan’s air force deployed missiles to “monitor” the incursion, the island’s Defense Ministry said… [China acts like it has something on The Big Guy!]

https://www.reuters.com/article/us-taiwan-china-security-idUSKBN29S0BK

@RyanDetrick: Here’s what the S&P 500 does with a new President in office. Weakness after the inauguration and into March is normal. https://twitter.com/RyanDetrick/status/1352344026373115918

National Guard Forced to Evacuate Capitol Grounds after Alleged Mask Complaint by Democrat Congressman – According to a source, Rep. Will Keating (D-MA) reported to the Capitol building authorities earlier in the day that a National Guardsman was seen in a Dunkin Donuts without a mask on.

After Keating commented out loud that masks were required to be worn at all times in a federal building, the National Guard member responded, “I appreciate my freedom,” according to the source…

Other members of Congress — Republicans and Democrats alike — have expressed outrage about the treatment of the National Guard and are demanding answers on what happened…

https://www.breitbart.com/politics/2021/01/21/national-guard-forced-to-evacuate-capitol-grounds-after-alleged-mask-complaint-by-democrat-congressman/

Gov. Greg Abbott @GregAbbott_TX: I have instructed General Norris to order the return of the Texas National Guard to our state.

Governor DeSantis orders Florida National Guard soldiers back home from U.S. Capitol: CBS

Gov. DeSantis: “This is a half-cocked mission and they are not Nancy Pelosi’s servants.”

Gov. Bill Lee @GovBillLee: It’s time to welcome our TN National Guard soldiers & airmen home today after their mission in DC. Very disappointed in the way this mission came to a close & the overall treatment of the National Guard in DC. Tennesseans are proud of our men and women in uniform

National Guard troops allowed back into Capitol after being ‘banished’ to parking garage https://trib.al/Acuwq7o

@chrisbergpov: What does this tell you about @WhiteHouse Press Corps? Today at @PressSec

briefing the WH press corps did not ask a single question about our outstanding National Guard being asked to sleep in Senate garage. How do they not ask a single question about it?

@JackPosobiec: (Biden Press Sec) Psaki: We are launching a very serious government response to the extremists in DC! Reporter: How about Portland and Seattle? Paski: Uh, yeah, uh, we’re very serious monitoring that

@DailyCaller: [Press Sec] Jen Psaki is asked why Joe Biden and members of his family weren’t wearing masks at the Lincoln Memorial last night after signing the mask mandate on federal lands: “He was celebrating a historic day in our country… We have bigger things to worry about.” [Most people have ‘bigger things to worry about’, Jen!] https://twitter.com/DailyCaller/status/1352374482753658880

From “Rules for Radicals”: “Make the enemy live up to its own book of rules.”

@amuse: Sources have revealed that Biden wears an earpiece to get prompts from staff, but I’ve always been skeptical. But here we see Biden getting an instruction over his earpiece and instead of following them he repeats them. “Salute Marines.” https://twitter.com/amuse/status/1352334971848044551

Biden signing what appears to be an EO and stating “I don’t know what I’m signing.”

https://twitter.com/jenamh/status/1352805649613250561

Politico Is No Longer Covering up Biden’s Cognitive Decline

And at times through the various iterations of outlining remarks, Biden could grow downright ornery. “I would never say this,” Biden once snapped at an aide, aghast over the prepared remarks he was reviewing, according to a person in the room during a speech prep session last year. “Where did you get this from?’” The aide explained that Biden had just said it in a public speech a couple of weeks earlier.

https://davidharrisjr.com/steven/wow-politico-is-no-longer-covering-up-bidens-cognitive-decline/?s=02

Joe Biden, B.S. Artist

Biden’s bromides, bombast, B.S., and deeds will escalate and exacerbate our nation’s uncivil war.

My prescient father opined to me that “all politicians are B.S. artists.” He later reinforced this point: “And the worst ones are the ones who believe their own B.S.”… As a Catholic, union-supporting Democrat, no doubt my father would have believed President Donald Trump was a B.S. artist…

Had Biden’s inaugural speech been a clarion call to denounce the cancel culture and censorship, and subsequently turned his words into deeds through executive action and his appointments, Joe Biden would have taken enormous strides in mending the divisions in our nation. Instead, the rhetoric Biden is implementing through executive action and his appointments affirms and advances the federal government’s role in weaponizing, expanding, and foisting cancel culture and censorship upon dissenting voices, be they Republicans, populists, conservatives, or anyone…

https://amgreatness.com/2021/01/22/joe-biden-b-s-artist/

@JordanSchachtel: Biden Admin has cleaned house immediately upon entering office. Anyone with even a hint of loyalty to the past admin has been fired. Trump Admin came to DC without understanding what they were up against. They kept Obama people around, sometimes for 4 years. Personnel is policy.

Trump asks some 50 senior Obama appointees to stay on January 19, 2017

https://apnews.com/article/408c9dc74e9646a89c20d2cf1af7a097

@YossiGestetner: A predicable disaster but @jaredkushner was too ignorant about DC to have a clue.

@EmeraldRobinson: Sen. Mitch McConnell is such a political genius that he’s been formally censured by the Nelson County GOP in his home state of Kentucky after McConnell attacked President Trump in a floor speech in the Senate. The Nelson County GOP vote was unanimous.

Is the “Brady or Belichick” question nearing a definitive answer?

Well that is all for today

I will see you TUESDAY night.

TOTAL NUMBER OF NOTICES FILED TODAY: 2 NOTICES FOR 200 OZ (0.00622) TONNES)

2 NOTICE(S) FILED TODAY FOR 10,000 OZ/

Violation of position limits shows latest metals smash was government operation, Maguire says

The Illegal* Gold and Silver “Fix”

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

3A/ASIAN AFFAIRS

3 a./NORTH KOREA/ SOUTH KOREA

b) REPORT ON JAPAN

3 C CHINA

Steve Hilton finds stunning Covid 19 connections: ‘Specific activity that Dr. Fauci funded and it is terrifying’

Xi Warns Biden & Globe Against ‘New Cold War’ In Davos Opener As Pundits Tout “Great Reset”

4/EUROPEAN AFFAIRS

Europe Remains In Lockdown Mode

Italian Premier To Resign As He Plots Latest Political Comeback

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

6.Global Issues

California Gov Lifts COVID Stay-At-Home Order; Dr. Fauci Worries Jabs Won’t Stop Mutant Strains: Live Updates

Moderna Vaccine Not Effective Against “Mutant” South African COVID Strain, But Works With UK Variant

Merck First US Pharma Giant To Abandon COVID Vaccine Efforts

7. OIL ISSUES

8 EMERGING MARKET ISSUES

Chinese & Indian Troops In New Himalayan Border Brawl, Injuries Reported

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

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

Closing Price f0r Oil, 4:00 pm/and 10 year USA interest rate:

USA trading today in Graph Form

“Sell Mortimer”: Short Squeeze Turmoil Triggers Market Rollercoaster

Cuomo: NY Ready To Ease Pandemic Restrictions After Holiday Spike

Godiva Closing All US Stores On Plunging Sales

2 comments

Leave a reply to FAUCI HUGE CONNECTIONS TO THE WUHAN LAB IN CHINA - Biz Patriot Cancel reply

Donate

Archive

Spot Gold

Spot Silver

TOTAL NUMBER OF NOTICES FILED TODAY: 2 NOTICES FOR 200 OZ (0.00622) TONNES)

2 NOTICE(S) FILED TODAY FOR 10,000 OZ/

Violation of position limits shows latest metals smash was government operation, Maguire says

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

3A/ASIAN AFFAIRS

3 a./NORTH KOREA/ SOUTH KOREA

b) REPORT ON JAPAN

3 C CHINA

Steve Hilton finds stunning Covid 19 connections: ‘Specific activity that Dr. Fauci funded and it is terrifying’

4/EUROPEAN AFFAIRS

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

6.Global Issues

7. OIL ISSUES

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….

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

Closing Price f0r Oil, 4:00 pm/and 10 year USA interest rate:

USA trading today in Graph Form

Share this:

Related

2 comments

Leave a reply to FAUCI HUGE CONNECTIONS TO THE WUHAN LAB IN CHINA - Biz Patriot Cancel reply

Donate

Archive

Spot Gold

Spot Silver