NOV12/GOLD UP $4.65 TO $1865.75//SILVER UP 8 CENTS TO $25.29//GOLD TONNAGE STANDING FOR DELIVERY IN NOVEMBER RISES BY A HUGE QUEUE JUMP OF 22100 OZ TO 5.259 TONNES//SILVER OF STANDING 5.0 MILION OZ//COVID COMMENTARIES//VACCINE UPDATES:BILL GATES ADMITS MRNA DOES NOT STOP TRANSMISSION OF THE VIRUS//EUROPEAN REGULATORS REVIEW REPORTS OF A MAJOR DISORDER FROM MODERNA KNOWN AS A CAPILLARY LEAK WHERE PLASMA LEAKS OUT OF VESSELS AND GOES INTO CAVITIES: THIS COULD BE VERY DEADLY// TAIWAN IMMEDIATELY ORDERS THE STOPPING OF 2ND VACCINATION OF ANYONE BELOW THE AGE OF 17// NINTH PERSON DIES FROM THE ASTROWORLD FIASCO//FLORIDA MAY WITHDRAW FROM OSHA//EVERGRANDE WILL DEFAULT IN THE NEXT TWO DAYS SETTING OFF CONTAGION!!//CHINA DEMANDS ALL CONTACT WITH TAIWAN//UK MOVES TROOPS TO THE BORDER ON POLAND WITH BELARUS//SWAMP STORIES FOR YOU TONIGHT//

5

GOLD:$1865.75 UP $4.45   The quote is London spot price

Silver:$25.29 UP  8  CENTS  London spot price ( cash market)

 
 
4:30 closing price
 
Gold $1864.50
 
silver:  25.30
 
 
 
end
 
I am been informed from Andrew Maguire that sovereign Turkey who has never bought silver, bought the last
 
bastion of silver from refiners.  They paid triple premium to lay their hands on the silver.  The refiners now state that they are out
 
of metal until January.
 
TODAY//IMPORTANT

Comex publishes a list of monthly silver contract ownership deliveries and purchases for the 30 to 40 firms that have brokerage rights with them. It is hard to figure the meaning of monthly changes for the banks like Goldman and JP Morgan, but there are a few non major firms which are historically consistent suppliers of silver. These firms include Macquarie Futures, Scotia Capital, Marex, and Bank of America commercial account. My guess is these firms sold product for refineries or miners. Historically, these 4 firms accounted for about 15 million ounces of monthly supply to Comex. Looking at the Comex data, all 4 of these firms have essentially stopped supplying the Comex with silver for the past 2 to 3 months. https://www.cmegroup.com/delivery_reports/MetalsIssuesA ndStopsYTDReport.pdf

Bryant

 
 

PLATINUM AND PALLADIUM PRICES BY GOLD-EAGLE (MORE ACCURATE)

 

 

PLATINUM  $1086.85 UP  $2.70

PALLADIUM: $2111.35 UP $50.10/OZ 

 

END

Editorial of The New York Sun | February 1, 2021

end

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COMEX DETAILS//NOTICES FILED

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

receiving today  0/0

 

Goldman Sachs stopped: 0

 

NUMBER OF NOTICES FILED TODAY FOR  NOV. CONTRACT: 0 NOTICE(S) FOR nil OZ  (0.000 tonnes)  

 

TOTAL NUMBER OF NOTICES FILED SO FAR THIS MONTH:  580 FOR 58,000 OZ  (1.7804 TONNES) 

 

SILVER//NOV CONTRACT

3 NOTICE(S) FILED TODAY FOR  15,000   OZ/

total number of notices filed so far this month 961  :  for 4,805,000  oz

 

BITCOIN MORNING QUOTE  $63,925  DOLLARS DOWN 1028 DOLLARS 

 

BITCOIN AFTERNOON QUOTE.:$60,325 DOLLARS   DOWN 4628.DOLLARS 

 

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

GLD AND SLV INVENTORIES:

GLD AND SLV INVENTORIES:

Gold

WITH GOLD UP $4.65 AND NO PHYSICAL TO BE FOUND ANYWHERE:

A SMALL CHANGE IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF .58 TONNES INTO THE GLD

 

WITH RESPECT TO GLD WITHDRAWALS:  (OVER THE PAST FEW MONTHS)

 

GOLD IS “RETURNED” TO THE BANK OF ENGLAND WHEN CALLING IN THEIR LEASES: THE GOLD NEVER LEAVES THE BANK OF ENGLAND IN THE FIRST PLACE. THE BANK IS PROTECTING ITSELF IN CASE OF COMMERCIAL FAILURE

ALSO INVESTORS SWITCHING TO SPROTT PHYSICAL  (phys) INSTEAD OF THE FRAUDULENT GLD//

THIS IS A MASSIVE FRAUD!!

GLD  975.99 TONNES OF GOLD//

Silver

AND WITH NO SILVER AROUND  TODAY: WITH SILVER UP 8 CENTS

A HUGE CHANGES  IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 3.933 MILLION OZ INTO THE SLV//

 

INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV

WITH REGARD TO SILVER WITHDRAWALS FROM THE SLV:

THE SILVER WITHRAWALS ARE ACTUALLY “RETURNED” TO JPM, AS JPMORGAN CALLS IN ITS LEASES WITH THE SLV FUND.  (THE STORY IS THE SAME AS THE BANK OF ENGLAND’S GOLD). THE SILVER NEVER LEAVES JPMORGAN’S VAULT. THEY ARE CALLING IN THEIR LEASES FOR FEAR OF SOLVENCY ISSUES.

INVENTORY RESTS AT: 

 

548.233  MILLION OZ./SLV

xxxxx

GLD closing price//NYSE 174.44  UP 0.30 OR 0.18%

XXXXXXXXXXXXX

SLV closing price NYSE 23.42 UP. 0.07 OR  0.30%

XXXXXXXXXXXXXXXXXXXXXXXXX

 
 

 

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

 
 
 

Let us have a look at the data for today

SILVER COMEX OI ROSE BY A HUGE 3829 CONTRACTS TO 154,496, AND CLOSER TO THE NEW RECORD OF 244,710, SET FEB 25/2020. WITH , OUR  $0.51 GAIN IN SILVER PRICING AT THE COMEX ON THURSDAY OUR BANKERS WERE UNSUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN) (IT ROSE BY $0.51 AND WERE  UNSUCCESSFUL IN KNOCKING OUT ANY SILVER LONGS AS WE HAD A GIGANTIC GAIN OF 5,154 CONTRACTS ON OUR TWO EXCHANGES,.WE  ALSO HAD I) HUGE  BANKER SHORT COVERING AS THEY ARE VERY ANXIOUS TO GET OUT OF DODGE!!/WE ALSO HAD  SOME ii) REDDIT RAPTOR BUYING//.   iii)  A SMALL ISSUANCE OF EXCHANGE FOR PHYSICALS iiii) A  GOOD INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 4.34 MILLION OZ FOLLOWING TODAY’S QUEUE JUMP OF 85,000 OZ   / v), VERY STRONG SIZED COMEX OI GAIN
 
I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL:
 
THE DIFFERENTIAL FROM PRELIMINARY OI TO FINAL OI SILVER TODAY: CONTRACTS -52
 
 
 
 
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS
 
 
NOV
 
ACCUMULATION FOR EFP’S SILVER/JPMORGAN’S HOUSE OF BRIBES/STARTING FROM FIRST DAY/MONTH OF NOV:
 
11200 CONTACTS  for 10 days, total 11,200 contracts or 56.000million oz…average per day:  1120 contracts or 5.600 million oz per day.

TO GIVE YOU AN IDEA AS TO THE HUGE SUPPLY THIS MONTH IN SILVER: SO FAR THIS MONTH OF

NOV:  56.00 MILLION PAPER OZ HAVE MORPHED OVER TO LONDON  

 

LAST 6 MONTHS TOTAL EFP CONTRACTS ISSUED  IN MILLIONS OF OZ

MAY 137.83 MILLION

JUNE 149.91 MILLION OZ

JULY 129.445 MILLION OZ

AUGUST: 140.120 MILLION OZ 

SEPT. 28.230 MILLION OZ//

OCT:  94.595 MILLION OZ

 

 
RESULT: , .. , .WE HAD A HUGE SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 3829  CONTRACTS WITH  OUR 51 CENT GAIN SILVER PRICING AT THE COMEX// THURSDAY.
THE CME NOTIFIED US THAT WE HAD A  STRONG SIZED EFP ISSUANCE OF 1325 CONTRACTS( 0 CONTRACTS ISSUED FOR NOV AND 1325 CONTRACTS ISSUED FOR DECEMBER) WHICH  EXITED OUT OF THE SILVER COMEX  TO LONDON  AS FORWARDS
 
 
 
 
THE DOMINANT FEATURE TODAY:/ AS WELL AS TODAY /HUGE BANKER SHORTCOVERING AS THEY GET OUT OF DODGE///WE HAD A GIGANTIC SIZED GAIN OF 5154 OI CONTRACTS ON THE TWO EXCHANGES/ WE HAVE A GOOD INITIAL SILVER OZ STANDING FOR NOV OF 7.35 MILLION OZ FOLLOWED BY TODAY’S 85,000 OZ QUEUE JUMP. 
 
 
 

WE HAD 3 NOTICES FILED TODAY FOR 15,000 OZ

GOLD

IN GOLD, THE COMEX OPEN INTEREST ROSE BY A HUGE 12,979  CONTRACTS TO 593,911 ,,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 DIFFERENTIAL FROM PRELIMINARY OI TO FINAL OI IN GOLD TODAY: 1210  CONTRACTS.

the differential is now increasing!!

THE HUGE SIZED INCREASE IN COMEX OI CAME WITH OUR STRONG GAIN IN PRICE OF $14.45//COMEX GOLD TRADING//THURSDAY.AS IN SILVER WE MUST HAVE HAD HUGE BANKER/ALGO SHORT COVERING ACCOMPANYING OUR GOOD SIZED EXCHANGE FOR  PHYSICAL ISSUANCE. WE HAD ZERO LONG LIQUIDATION  AS THE TOTAL GAIN ON OUR TWO EXCHANGES TOTALED 16,749 CONTRACTS…..  WE ALSO HAD A GOOD INITIAL STANDING IN GOLD TONNAGE FOR OCT AT 1.444 TONNES, FOLLOWED BY TODAY’S QUEUE JUMP  OF 22,100 OZ//NEW STANDING 191,200 OZ (5.847 TONNES) 
 
 
 
 
 

YET ALL OF..THIS HAPPENED WITH OUR STRONG GAIN IN PRICE OF $14.45 WITH RESPECT TO THURSDAY’S TRADING

 

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

WE HAD  A HUGE SIZED GAIN OF 16,749  OI CONTRACTS (52.096 TONNES) ON OUR TWO EXCHANGES

 

E.F.P. ISSUANCETHE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A GOOD SIZED 3770 CONTRACTS:

FORDEC 3770  ALL OTHER MONTHS ZERO//TOTAL: 3770 The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 606,890. ALSO REMEMBER THAT THERE WILL BE A DELAY IN THE ISSUANCE OF EFP’S.  THE BANKERS REMOVE LONG POSITIONS OF COMEX GOLD IMMEDIATELY.  THEN THEY ORCHESTRATE THEIR PRIVATE EXCHANGE DEAL WITH THE LONGS AND THAT COULD TAKE AN ADDITIONAL, 48 HRS SO WE GENERALLY DO NOT GET A MATCH WITH RESPECT TO DEPARTING COMEX LONGS AND NEW EFP LONG TRANSFERS. . EVEN THOUGH THE BANKERS ISSUED THESE MONSTROUS EFPS, THE OBLIGATION STILL RESTS WITH THE BANKERS TO SUPPLY METAL BUT IT TRANSFERS THE RISK TO A LONDON BANKER OBLIGATION AND NOT A NEW YORK COMEX OBLIGATION. LONGS RECEIVE A FIAT BONUS TOGETHER WITH A LONG LONDON FORWARD. THUS, BY THESE ACTIONS, THE BANKERS AT THE COMEX HAVE JUST STATED THAT THEY HAVE NO APPRECIABLE METAL!! THIS IS A MASSIVE FRAUD: THEY CANNOT SUPPLY ANY METAL TO OUR COMEX LONGS BUT THEY ARE QUITE WILLING TO SUPPLY MASSIVE NON BACKED GOLD (AND SILVER) PAPER KNOWING THAT THEY HAVE NO METAL TO SATISFY OUR LONGS. LONDON IS NOW SEVERELY BACKWARD IN BOTH GOLD AND SILVER  AND WE ARE WITNESSING DELAYS IN ACTUAL DELIVERIES.

IN ESSENCE WE HAVE A HUGE  SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 16,749 CONTRACTS: 12,979 CONTRACTS INCREASED AT THE COMEX AND 3770 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS  TOTAL OI GAIN ON THE TWO EXCHANGES OF 16,749 CONTRACTS OR 52.096 TONNES.

CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES

WE HAD A GOOD SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (3770) ACCOMPANYING THE HUGE SIZED GAIN IN COMEX OI (12,979 OI): TOTAL GAIN IN THE TWO EXCHANGES: 16,749 CONTRACTS. WE NO DOUBT HAD 1) HUGE BANKER SHORT COVERING ,2.) GOOD INITIAL STANDING AT THE GOLD COMEX FOR NOV. AT 2.395 TONNES FOLLOWED BY TODAY’S QUEUE JUMP OF 22,100 OZ  3)ZERO LONG LIQUIDATION,4) STRONG SIZED COMEX OI GAIN 5). GOOD ISSUANCE OF EXCHANGE FOR PHYSICAL 

SPREADING OPERATIONS(/NOW SWITCHING TO GOLD)

FOR NEWCOMERS, HERE ARE THE DETAILS:

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

WE ARE NOW INTO THE SPREADING OPERATION OF GOLD

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

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

 

HERE IS HOW THE CROOKS USED SPREADING AS WE ARE NOW INTO THE NON ACTIVE DELIVERY MONTH OF OCT HEADING TOWARDS THE  ACTIVE DELIVERY MONTH OF NOV, FOR GOLD:

YOU WILL ALSO NOTICE THAT THE COMEX OPEN INTEREST  STARTS TO RISE BUT SO IS THE OPEN INTEREST OF SPREADERS. THE OPEN INTEREST IN WILL CONTINUE TO RISE UNTIL ONE WEEK BEFORE FIRST DAY NOTICE OF AN UPCOMING  ACTIVE DELIVERY MONTH (DEC), 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 2021 INCLUDING TODAY

NOV

ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF NOV : 40,269, CONTRACTS OR 4,026,900 oz OR 125.25 TONNES (10 TRADING DAY(S) AND THUS AVERAGING: 4027 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE  SIZE OF THESE EFP TRANSFERS :  THIS MONTH IN 10 TRADING DAY(S) IN  TONNES: 125.25 TONNES

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

THUS EFP TRANSFERS REPRESENTS  125.25/3550 x 100% TONNES  3.52% OF GLOBAL ANNUAL PRODUCTION

 

ACCUMULATION OF GOLD EFP’S YEAR 2021 TO DATE
 
JANUARY: 265.26 TONNES (RAPIDLY INCREASING AGAIN)
 
FEB  :  171.24 TONNES  ( DEFINITELY SLOWING DOWN AGAIN)..
 
MARCH:.   276.50 TONNES (STRONG AGAIN///IT SURPASSED JANUARY!!)

 

APRIL:      189..44 TONNES  ( DRAMATICALLY SLOWING DOWN AGAIN//GOLD IN BACKWARDATION)

MAY:        250.15 TONNES  (NOW DRAMATICALLY INCREASING AGAIN)

JUNE:      247.54 TONNES (FINAL)

JULY:        188.73 TONNES FINAL

AUGUST:   217.89 TONNES FINAL ISSUANCE.

SEPT          142.12 TONNES FINAL ISSUANCE ( LOW ISSUANCE)_

OCT:           141.13 TONNES FINAL ISSUANCE (LOW ISSUANCE)

NOV:           125.25 TONNES INITIAL ISSUANCE (INCREASING DRAMATICALLY)

 

 

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

 

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

1.Today, we had the open interest at the comex, in SILVER, ROSE BY A STRONG SIZED 3829 CONTRACTS TO 154,496 AND  CLOSER TO OUR COMEX RECORD //244,710(SET FEB 25/2020).  THE LAST RECORDS WERE SET  IN AUG.2018 AT 244,196 WITH A SILVER PRICE OF $14.78/(AUGUST 22/2018)..THE PREVIOUS RECORD TO THAT WAS SET ON APRIL 9/2018 AT 243,411 OPEN INTEREST CONTRACTS WITH THE SILVER PRICE AT THAT DAY: $16.53). AND PREVIOUS TO THAT, THE RECORD  WAS ESTABLISHED AT: 234,787 CONTRACTS, SET ON APRIL 21.2017 OVER  4 1/2 YEARS AGO.  

EFP ISSUANCE 1325 CONTRACTS

OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS  AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:

JULY 0  AND SEPT: 0; DEC 1325  ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE:  1325 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON.  IF WE TAKE THE  COMEX OI GAIN OF 3829 CONTRACTS AND ADD TO THE 1325 OI TRANSFERRED TO LONDON THROUGH EFP’S,WE OBTAIN AN ATMPOSPHERIC SIZED GAIN OF 5154 OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES.

 

THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES 25.770 MILLION  OZ, OCCURRED WITH OUR  $0.51 GAIN IN PRICE. 

 

 

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

1/COMEX GOLD AND SILVER REPORT

(report Harvey)

 

2 ) Gold/silver trading overnight Europe, Gold

(Peter Schiff, Egon von Greyerz///Matthew Piepenburg via GoldSwitzerland.com,

 
 
 

3. ASIAN AFFAIRS

i) FRIDAY MORNING/THURSDAY  NIGHT: 

SHANGHAI CLOSED UP 6.31 PTS OR  0.18%     //Hang Sang CLOSED UP 79.98 PTS OR 0.32% /The Nikkei closed UP 332.11 PTS OR 1.13%    //Australia’s all ordinaires CLOSED UP 0.84%

/Chinese yuan (ONSHORE) closed UP  6.3806   /Oil DOWN TO 80.71 dollars per barrel for WTI and UP TO 82.19 for Brent. Stocks in Europe OPENED MOSTLY MIXED   /ONSHORE YUAN CLOSED  UP AT 6.3806 AGAINST THE DOLLAR. OFFSHORE YUAN CLOSED UP ON THE DOLLAR AT 6.3732/ONSHORE YUAN TRADING BELOW LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING STRONGER AGAINST USA DOLLAR/OFFSHORE YUAN TRADING STRONGER AGAINST THE DOLLAR /TRADE DEAL NOW DEAD..TRUMP  RAISED RATES TO 25%/

 
 
 
 
 
3 a./NORTH KOREA/ SOUTH KOREA

NORTH KOREA//USA/OUTLINE

END

b) REPORT ON JAPAN

3 C CHINA

OUTLINE

4/EUROPEAN AFFAIRS

OUTLINE

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

OUTLINE

6.Global Issues

OUTLINE

7. OIL ISSUES

OUTLINE

8 EMERGING MARKET ISSUES

OUTLINE
 

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

GOLD

LET US BEGIN:

 

THE TOTAL COMEX GOLD OPEN INTEREST ROSE BY A VERY STRONG SIZED 12,979 CONTRACTS TO 606,890 MOVING CLOSER TO THE RECORD THAT WAS SET IN JANUARY/2020: {799,541  OI(SET JAN 16/2020)} AND  PREVIOUS TO THAT: 797,110 (SET JAN 7/2020).  AND THIS  COMEX INCREASE OCCURRED WITH OUR STRONG GAIN OF $14.45 IN GOLD PRICING  THURSDAY’S COMEX TRADING.WE ALSO HAD A GOOD EFP ISSUANCE (1325 CONTRACTS). …AS THEY WERE PAID HANDSOMELY  NOT TO TAKE DELIVERY AT THE COMEX AND SETTLE FOR CASH. LOOKS LIKE OUR BANKERS ARE FINALLY BAILING OUT!!

 

WE NORMALLY HAVE WITNESSED  EXCHANGE FOR PHYSICALS ISSUED BEING SMALL AS IT JUST TOO COSTLY FOR THEM TO CONTINUE SERVICING THE COSTS OF SERIAL FORWARDS CIRCULATING IN LONDON. HOWEVER, MUCH TO THE ANNOYANCE OF OUR BANKERS, THE COMEX IS THE SCENE OF AN ASSAULT ON GOLD AS LONDONERS, NOT BEING ABLE TO FIND ANY PHYSICAL ON THAT SIDE OF THE POND, EXERCISE THESE CIRCULATING EXCHANGE FOR PHYSICALS IN LONDON AND FORCING DELIVERY OF REAL METAL OVER HERE AS THE OBLIGATION STILL RESTS WITH NEW YORK BANKERS. IT SEEMS THAT ARE BANKERS FRIENDS ARE EXERCISING EFP’S FROM LONDON AND NOW THEY ARE LOATHE TO ISSUE NEW ONES.  

 

(SEE BELOW)

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

EXCHANGE FOR PHYSICAL ISSUANCE

WE ARE NOW MOVING TO THE NON ACTIVE DELIVERY MONTH OF NOV..  THE CME REPORTS THAT THE BANKERS ISSUED A GOOD SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS., THAT IS 3770 EFP CONTRACTS WERE ISSUED:  ;: ,  NOV  :  & DEC. 5437 & ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE:   3770 CONTRACTS 

 

WHEN WE HAVE BACKWARDATION,  EFP ISSUANCE IS VERY COSTLY BUT THE REAL PROBLEM IS THE SCARCITY OF METAL AND IT IS FAR BETTER FOR OUR BANKERS TO PAY OFF INDIVIDUALS THAN RISK INVESTORS ESPECIALLY FROM LONDON STANDING FOR DELIVERY. THE LOWER PRICES IN THE FUTURES MARKET IS A MAGNET FOR OUR LONDONERS SEEKING PHYSICAL METAL. BACKWARDATION ALWAYS EQUAL SCARCITY OF METAL!

ON A NET BASIS IN OPEN INTEREST WE GAINED THE FOLLOWING TODAY ON OUR TWO EXCHANGES: A HUGE  SIZED 16,749  TOTAL CONTRACTS IN THAT 3770 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE GAINED A VERY STRONG SIZED COMEX OI OF 14,189 CONTRACTS..WE HAVE A GOOD AMOUNT OF GOLD TONNAGE STANDING FOR NOV   (5.947),

 HERE ARE THE AMOUNTS THAT STOOD FOR DELIVERY IN THE PRECEDING 9 MONTHS OF 2021:

OCT.    57.707 TONNES

SEPT: 11.9160 TONNES

AUGUST: 80.489 TONNES

JULY: 7.2814 TONNES

JUNE:  72.289 TONNES

MAY 5.77 TONNES

APRIL  95.331 TONNES

MARCH 30.205 TONNES

FEB. 113.424 TONNES

JAN: 6.500 TONNES.

 

TOTAL SO FAR THIS YEAR (JAN- S0CT): 480.912 TONNNES

 

THE BANKERS WERE UNSUCCESSFUL IN LOWERING GOLD’S PRICE  //// (IT ROSE $14.45)

AND THEY WERE UNSUCCESSFUL IN FLEECING ANY LONGS AS THE TOTAL GAIN ON THE TWO EXCHANGES REGISTERED A POWERFUL OF 52.096 TONNES,ACCOMPANYING OUR GOOD GOLD TONNAGE STANDING FOR NOV (5.947 TONNES)…  I  STRONGLY BELIEVE THAT OUR BANKER FRIENDS ARE GETTING QUITE NERVOUS.   THEY ARE LOOKING OVER THEIR SHOULDERS AND WITNESSING MASSIVE SILVER/GOLD SHORTAGES THAT CANNOT BE COVERED. THEY ARE TRYING TO FLEE IN HASTE “FROM DODGE”.

WE HAD -1210   CONTRACTS FROM COMEX TRADES. THESE WERE REMOVED AFTER TRADING ENDED LAST NIGHT

THE REMOVALS HAVE INCREASED DRAMATICALLY THESE PAST 8 DAYS. 

 

NET GAIN ON THE TWO EXCHANGES :: 16,749 CONTRACTS OR 1,674,900 OZ OR  52.096 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 PRODUCT.
 
THUS IN GOLD WE HAVE THE FOLLOWING:  606,890 TOTAL OI CONTRACTS X 100 OZ PER CONTRACT = 60.68 MILLION OZ/32,150 OZ PER TONNE =  18.87TONNES

THE COMEX OPEN INTEREST REPRESENTS 18.87/2200 OR 85,77% OF ANNUAL GLOBAL PRODUCTION OF GOLD.

 

Trading Volumes on the COMEX GOLD TODAY 193,643 contracts//    / volume//volume poor/

 

CONFIRMED COMEX VOL. FOR YESTERDAY: 263,532 contracts//fair

 

// //most of our traders have left for London

 

NOV 12

 

/2021

 
INITIAL STANDINGS FOR NOV COMEX GOLD
 
 
 
 
 
 
 
 
 
 
 
 
 
Gold Ounces
Withdrawals from Dealers Inventory in oz nil oz
Withdrawals from Customer Inventory in oz
64.30
OZ
BRINKS
 
2 kilobars
brinks
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposit to the Dealer Inventory in oz
nil
OZ
 
 
 
 
 
 

 

Deposits to the Customer Inventory, in oz
 
 
 
 
NIL
 
oz
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
No of oz served (contracts) today
0  notice(s)
0 OZ
0.000 TONNES
No of oz to be served (notices)
1332 contracts
133200 oz
 
4.143 TONNES
 
 
Total monthly oz gold served (contracts) so far this month
580 notices
58,000 OZ
1.804 TONNES
 
 
Total accumulative withdrawals of gold from the Dealers inventory this month NIL oz
Total accumulative withdrawal of gold from the Customer inventory this month xxx oz
 
 
 
We had 0 deposit into the dealer
 
 
 
 
total deposit: nil   oz 
 

total dealer withdrawals: nil oz

we had  0 deposit into the customer account
 
 
TOTAL CUSTOMER DEPOSITS nil oz
 
 
 
We have 1  customer withdrawals
 
i) out of Brinks  64.30 oz
2 kilobars
 
 
 
 
 
 
total customer withdrawal 64.30    oz
     
 
 
 
 
 
 
 
 
 

We had 1  kilobar transactions 1 out of  1 transactions)

ADJUSTMENTS 0

 

 

 
For the front month of November we had an open interest of 1332 contracts having GAINED 201 contracts on the day.
We had  20 notices served on THURSDAY so we GAINED A STRONG 221 contracts or an additional 22,100 oz will  stand for delivery for this very non active delivery month
 
 
 
 
 
 
 
 
 
.
DEC LOST 12,369 CONTRACTS  TO STAND AT 325,081
JANUARY GAINED 22 CONTRACT TO STAND AT 184
 

We had 0 notice(s) filed today for   00  oz

FOR THE NOV 2021 CONTRACT MONTH)Today, 0 notice(s) were issued from JPMorgan dealer account and 0 notices were issued from their client or customer account. The total of all issuance by all participants equates to 0  contract(s) of which 0  notices were stopped (received) by j.P. Morgan dealer and 11 notice(s) was (were) stopped/ Received) by J.P.Morgan//customer account and 0  notices received (stopped) by the squid  (Goldman Sachs)

To calculate the INITIAL total number of gold ounces standing for the NOV /2021. contract month, we take the total number of notices filed so far for the month (580) x 100 oz , to which we add the difference between the open interest for the front month of  (NOV: 1332 CONTRACTS ) minus the number of notices served upon today  0 x 100 oz per contract equals 191,200 OZ OR 5.947 TONNES) the number of ounces standing in this active month of NOV.  

 

thus the INITIAL standings for gold for the NOV contract month:

No of notices filed so far (580) x 100 oz ( 1332)  OI for the front month minus the number of notices served upon today (0} x 100 oz} which equals 191,200 ostanding OR 5.947TONNES in this  active delivery month of NOV.

We GAINED 221 contracts or an additional 22,100 oz will sand for delivery. 

 

TOTAL COMEX GOLD STANDING:  5.947 TONNES

 
 

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

NEW PLEDGED GOLD:

260,725.414, oz NOW PLEDGED  march 5/2021/HSBC  8.10 TONNES

176,742.600 PLEDGED  MANFRA 5.497 TONNES

288,481,604, oz  JPM  8.97 TONNES

1,149,435.368 oz pledged June 12/2020 Brinks/35.75 TONNES

23,862.404 oz International Delaware:  0.7422 tonnes

LOOMIS:  18,615.429   0.57900

total pledged gold:  1,917,862.8211oz                                     59.65 tonnes

 

SURPRISINGLY WE HAVE BEEN WITNESSING NO REAL PHYSICAL GOLD ENTERING THE COMEX VAULTS FOR THE PAST YEAR!! ..ONLY PHONY KILOBAR ENTRIES…. WE HAVE 486.38 TONNES OF REGISTERED GOLD WHICH CAN SETTLE UPON LONGS 5.259 tonnes

CALCULATION OF REGISTERED THAT CAN BE SETTLED UPON:

 

total registered or dealer  17,426,666.855 oz or 542.04 tonnes
 
 
 
total weight of pledged:1,917,862.791oz                                     59.65 tonnes
 
 
 
 
 
registered gold that can be used to settle upon: 15,508,804.0 (482.38 tonnes) 
 
 
 
 
true registered gold  (total registered – pledged tonnes 15,508,804.0 (482.38 tonnes)   
 
 
total eligible gold: 15,708,120.791 oz   (488.59 tonnes)
 
 
 
total registered, pledged  and eligible (customer) gold  33,134,787.640 oz or 1,030.31
tonnes
 (INCLUDES 4 GC GOLD)
 
 

total 4 GC gold:   126.34 tonnes

total gold net of 4 GC:  903.97 tonnes

end

 
 

I have compiled  data with respect to registered (or dealer) gold taken on first day notice for each of the past 24 months

The data begins on first day notice for the May month taken on the last day of July 2018. and it continues to present day.

I then took, how many deliveries were recorded by the CME for each and every month.  I also included for reference the price of gold on first day notice.

The first graph is a logarithmic  graph and the second graph, linear.

You can see the huge explosion of registered gold at the comex along with deliveries.

 
 
THE DATA AND GRAPHS:
 
 
 
 
 
 
 
END

NOV 12/2021

And now for the wild silver comex results

INITIAL STANDING FOR SILVER//NOV

Silver Ounces
Withdrawals from Dealers Inventory NIL oz
Withdrawals from Customer Inventory
173,927.718  oz
Manfra
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits to the Dealer Inventory
nil
OZ
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Deposits to the Customer Inventory
nil oz
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
No of oz served today (contracts)
3
 
CONTRACT(S)
5,000  OZ)
 
No of oz to be served (notices)
39 contracts
 (195,000 oz)
Total monthly oz silver served (contracts)  961 contracts

 

4,805,000 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 deposit into the dealer
 

total dealer deposits:  nil        oz

i) We had 0 dealer withdrawal

total dealer withdrawals: nil oz

we had 0 deposits into customer account (ELIGIBLE ACCOUNT)

 

 
 

JPMorgan now has 179.322 million oz  silver inventory or 50.81% of all official comex silver. (179.322 million/352.845 million

total customer deposits today nil oz

we had 1 withdrawal

i) Out of Manfra: 173,927.718oz

 

total withdrawal 173,927.718       oz

 

adjustments:   0 dealer to customer
 
 
 
 
 

Total dealer(registered) silver: 95.841 million oz

total registered and eligible silver:  352.845 million oz

a net  0.173 million oz  leaves  the comex silver vaults.

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

For the front month of November we have an  amount of silver standing equal to 42 contracts a GAIN of 17 contracts on the day. We had 0 notices filed on WEDNESDAY so we gained 17 contracts or an additional 85,000 oz will stand in this non active delivery month of November.
 

DEC LOST  4971 CONTRACTS DOWN TO 76,826

JANUARY GAINED 70 CONTRACTS TO STAND AT 1231

 
NO. OF NOTICES FILED: 3  FOR 15,000   OZ.

To calculate the number of silver ounces that will stand for delivery in NOV. we take the total number of notices filed for the month so far at  961 x 5,000 oz =4,805,000 oz to which we add the difference between the open interest for the front month of NOV (42) and the number of notices served upon today 3 x (5000 oz) equals the number of ounces standing.

Thus the  standings for silver for the NOV./2021 contract month: 961 (notices served so far) x 5000 oz + OI for front month of NOV(42)  – number of notices served upon today (3) x 5000 oz of silver standing for the NOV contract month .equals 5,000,000 oz. .

We gained 17 contracts or an additional 85,000 oz will stand for silver in this non active delivery month of November.

 

TODAY’S ESTIMATED SILVER VOLUME  69,666 CONTRACTS // volume good 

 

FOR YESTERDAY 104,586 contracts  ,CONFIRMED VOLUME/ huge

 

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

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

end

NPV for Sprott

1. Sprott silver fund (PSLV): NAV  RISES TO -3.06% (NOV12/2021)

SILVER FUND POSITIVE TO NAV

No of oz of physical silver held:  Oct 1/2021   151,927,020 ( a gain of 1.001 MILLION OZ IN TWO MONTHS

no of oz of physical silver held  JULY 8.2021;  150,926,000  (GAIN OF 6.411 MILLION OZ IN 2 MONTHS)

No of oz of physical silver held; MAY 24/2021  144,515,694 OZ

No. of oz of physical silver held:  Sept 20/20: 85,907.3616  Oz

No of oz pf physical silver held: Dec 21/2019:  65,073.570 Oz

During the past 12 months Sprott has added: 66.02 MILLION OZ OCT 4-SEPT 20)

 

2. Sprott gold fund (PHYS): premium to NAV FALLS TO -1.65% nav   (NOV 12)/2021 )

 

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

NAV $17.91 TRADING 17.20//NEGATIVE  3.95

 

END

 

And now the Gold inventory at the GLD/(this vehicle is a fraud as there is no gold behind them

NOV 12/WITH GOLD UP $4.65 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY AT 975.99 TONNES

NOV 11/WITH GOLD UP  $14.45 TODAY: A SMALL CHANGE IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF .58 TONES OF GOLD INTO THE GLD////INVENTORY RESTS AT 975.99 TONNES

NOV 10/WITH GOLD UP $18.00 TODAY NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 975.41 TONNES

NOV 9/WITH GOLD UP $1.85 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 975.41 TONNES

NOV 8/WITH GOLD UP $11.75 TODAY;NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 975.41 TONNES

NOVEMBER 5/WITH GOLD UP $22.30 TODAY: A HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 2.66 TONNES FROM THE GLD////INVENTORY RESTS AT 975.41 TONNES

NOV 4/WITH GOLD UP $29.05 TODAY;//A HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.45 TONNES FROM THE GLD/INVENTORY RESTS AT 978.07 TONNES

NOV 3/WITH GOLD DOWN $ 24.10 TODAY; NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY REST AT 979.52 TONNES

NOV 2/WITH GOLD DOWN $6.80 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 979.52 TONNES

NOV 1/WITH GOLD UP $11.85 TODAY: A HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 2.62 TONNES OF GOLD FROM THE GLD./INVENTORY REST AT 979.52. TONNES

OCT 29/WITH GOLD DOWN $18.30 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS TONIGHT AT 982.14 TONNES

OCT 28/WITH GOLD UP $3.10 TODAY: A BIG CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF .87 TONNES FROM THE GLD////INVENTORY RESTS AT 982.14 TONNES

OCT 27/WITH GOLD UP $7.55 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 3.20 TONNES INTO THE GLD//INVENTORY REST AT 983.01 TONNES.

OCT 26/WITH GOLD DOWN $13.00 TODAY: A  HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 1.74 TONNES OF GOLD INTO THE GLD//INVENTORY RESTS AT 979.81 TONNES

OCT 25/WITH GOLD UP $10.90 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 978.07 TONNES

OCT 22/WITH GOLD UP $13.45 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 2.03 TONNES FROM THE GLD///INVENTORY RESTS AT 978.07 TONNES

OCT 21/ WITH GOLD DOWN $3.20 TODAY NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 980.10 TONNES

OCT 20/WITH GOLD UP $14.95 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 980.10 TONNES

OCT 19//WITH GOLD UP $4.95 TODAY; NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 980.10 TONNES

OCT 18/WITH GOLD DOWN $2.65 TODAY:NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 980.10 TONNES

OCT 15/WITH GOLD DOWN $28.85 TODAY; A HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.62 TONNES FROM THE GLD////INVENTORY RESTS AT 982.72 TONNES.

OCT 14/WITH GOLD UP $3.10 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 982.72 TONNES

 

OCT 13/WITH GOLD UP $35.35 TODAY: A HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 3.82 TONNES FROM LAST FRIDAY/INVENTORY RESTS AT 982.72 TONNES

OCT 7/WITH GOLD DOWN $3.90 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 986.54 TONNES

OCT 6/WITH GOLD UP $.80 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 986.54 TONNES

OCT 5/WITH GOLD DOWN $5.30 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 986.54 TONNES

OCT 4/WITH GOLD UP $5.90 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 3.49 TONNES FROM THE GLD//INVENTORY RESTS AT 986.54 TONNES

OCT 1/WITH GOLD UP $3.70 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 990.03 TONNES

SPET 30.//WITH GOLD UP $32.75 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 990.03 TONNES

SEPT 29/WITH GOLD DOWN $14.70 TODAY: A SMALL CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF .29 TONNES FROM THE GLD//

INVENTORY RESTS AT 990.03 TONNES

SEPT 28/WITH GOLD DOWN $14.40 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD/: A WIHTDRAWAL OF 3.2 TONNES FROM THE GLD////INVENTORY RESTS AT 990.32 TONNES

SEPT 27/WITH GOLD UP $.95 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF .87 TONNES OF GOLD INTO THE GLD////INVENTORY RESTS AT 993.52 TONNES

SEPT 24/WITH GOLD $1.15 DOLLARS TODAY; A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 8.14 TONNES FROM THE GLD///INVENTORY RESTS AT 992.65 TONNES

SEPT 23/WITH GOLD DOWN $28.20 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1000.79 TONNES

SEPT 22/WITH GOLD UP $.55 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 1000.79 TONNES

SEPT 21/WITH GOLD UP $14.20 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 1000.79 TONNES

 

 

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

 

Inventory rests tonight at:

 

 

NOV 12 / GLD INVENTORY 975.99 tonnes

Now the SLV Inventory/( vehicle is a fraud as there is no physical metal behind them!)

NOV 12/WITH SILVER UP 8 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV:A DEPOSIT OF 3.933 MILLION OZ INTO THE SLV////INVENTORY RESTS AT 548.233 MILLION OZ//

NOV 11/WITH SILVER UP 51 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 544.300 MILLION OZ//

NOV 10 WITH SILVER UP 45 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 544.300 MILLION OZ//

NOV 9/WITH SILVER DOWN 21 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 544.300 MILLION OZ.

NOV 8/WITH SILVER UP 38 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 544.300 MILLION OZ//

NOVEMBER 5/WITH SILVER UP 26 CENTS TODAY: A SMALL  CHANGE IN SILVER INVENTORY AT THE SLV/: A WITHDRAWAL OF 507,000 OZ FROM THE SLV///INVENTORY RESTS AT 544.300 MILLION OZ//

NOV 4/WITH SILVER UP 52 CENTS TODAY/ A HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 2.312 MILLION OZ INTO THE SL. //INVENTORY RESTS AT 544.807 MILLION OZ//

NOV 3/WITH SILVER DOWN 29 CENTS TODAY; A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: AWITHDRAWAL OF 2.777 MILLION OZ FROM THE SLV///INVENTORY RESTS AT 542.495 MILLION OZ//

NOV 2/WITH SILVER DOWN 53 CENTS TODAY: A SMALL CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 226,000 OZ FROM THE SLV///INVENTORY RESTS AT 545.272 MILLION OZ//

NOV 1/WITH SILVER UP 12 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1.249 MILLION OZ////INVENTORY RESTS AT 545.498 MILLION OZ//

OCT 29/WITH SILVER DOWN $0.17 TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 546.847 MILLION OZ/

OCT 28 WITH SILVER DOWN 5 CENTS TODAY: A BIG CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 2.2277 MILLION OZ INTO THE SLV////INVENTORY RESTS AT 546.747 MILLION OZ/

OCT 27/WITH SILVER UP 7 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 544.520 MILLION OZ//

OCT 26/WITH SILVER DOWN 47 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY REST AT 544,520 MILLION OZ.

OCT 25/WITH SILVER UP 16 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 2.036 MILLLION OZ//INVENTORY  RESTS AT 546.562 MILLION OZ//

OCT 22/WITH SILVER UP 26 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 546.562 MILLION OZ//

OCT 21/WITH SILVER DOWN 25 CENTS TODAY; A HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 3.055 MILLION OZ FROM THE SLV////INVENTORY RESTS AT 546.562 MILLION OZ

OCT 20/WITH SILVER UP 54 CENTS TODAY; A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 4.166 MILLION OZ FROM THE SLV////INVENTORY RESTS AT 549.617 MILLION OZ//

OCT 19/WITH SILVER UP 52 CENTS TODAY; A SMALL CHANGE IN SILVER INVENTORY AT THE SLV A DEPOSIT OF 232,000 OZ INTO THE SLV////INVENTORY RESTS AT 553.783 MILLION OZ

OCT 18/WITH SILVER DOWN 3 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 553.551 MILLION OZ/

OCT 15/WITH SILVER DOWN 13 CENTS TODAY; NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 553.551 MILLION OZ/

OCT 14/WITH SILVER UP 32 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 7.406 MILLION OZ//INVENTORY RESTS AT 553.551 MILLION OZ//

OCT 13/WITH SILVER UP 64 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A LOSS OF 3.796 MILLION OZ FROM THE SLV SINCE FRIDAY NIGHT///INVENTORY RESTS AT 546.145 MILLION OZ/

OCT 7/WITH SILVER UP 6 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 549.941 MILLION OZ/

OCT 6/WITH SILVER DOWN 3 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 549.941 MILLION OZ 

OCT 5/ WITH SILVER UP 3 CENTS TODAY; A HUGE CHANGE  IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 503,000 OZ INTO THE SLV//INVENTORY RESTS AT 549.941 MILLION OZ

OCT 4/WITH  SILVER UP 1 CENT TODAY: A HUGE CHANGE IN SILVER INVENTORY: A DEPOSIT OF 8.425 MILLION OZ INTO THE SLV// //INVENTORY RESTS AT 549.438 MILLION OZ/

OCT 1/WITH  SILVER UP 52 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 541.013 MILLION OZ//

SEPT 30/WITH SILVER UP 54 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 541.013 MILLION OZ/

SEPT 29/WITH SILVER DOWN 98 CENTS TODAY// A SMALL CHANGES IN SILVER INVENTORY AT THE SLV//A WITHDRAWAL OF .509,000 OZ FROM THE SLV/ INVENTORY RESTS AT 541.013 MILLION OZ

SEPT 28/WITH SILVER DOWN 20 CENTS TODAY: A HUGE CHANGES IN SILVER INVENTORY AT THE SLV/: A WITHDRAWAL OF 3.982 MILLION OZ FROM THE SLV///INVENTORY RESTS AT 541.522 MILLION OZ

SEPT 27/WITH SILVER UP 27 CENTS TODAY: A BIG CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1.204 MILLION OZ FROM THE SLV////INVENTORY RESTS AT 545.504 MILLION OZ

SEPT 24/WITH SILVER DOWN 26 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 546.708 MILLION OZ//

SEPT 23/WITH SILVER DOWN 24 CENTS TODAY: A BIG CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 509,000 OZ FROM THE SLV////INVENTORY RESTS AT 546.708 MILLION OZ///

SEPT 22/WITH SILVER UP 30 CENTS TODAY; NO CHANGES IN SILVER INVENTORY AT THE SLV/

INVENTORY RESTS AT 547.217 MILLION OZ/./

SEPT 21/WITH SILVER UP 39 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV..//INVENTORY RESTS AT 544.624 MILLION OZ.

 
 
 

NOV 12/2021  SLV INVENTORY RESTS TONIGHT AT 548.233 MILLION OZ

 

 

PHYSICAL GOLD/SILVER STORIES

PETER SCHIFF

 

end

LAWRIE WILLIAMS:

ii) Important gold commentaries courtesy of GATA/Chris Powell

For your interest….

Crypto currencies have been ruled forbidden for Muslims according to Indonesia’s national religious council rules

(Bloomberg)

Crypto is forbidden for Muslims, Indonesia’s national religious council rules

 

 

 Section: Daily Dispatches

 

By Arys Aditya 
Bloomberg News
Thursday, November 11, 2021

The use of crypto assets as a currency is forbidden for Muslims, according to Indonesia’s council of religious leaders.

The National Ulema Council has deemed cryptocurrency as haram, or banned, as it has elements of uncertainty, wagering, and harm, Asrorun Niam Sholeh, head of religious decrees, said today after the council held an expert hearing. If cryptocurrency as a commodity or digital asset can abide by Shariah tenets and can show a clear benefit, then it can be traded, he added.

The council holds the authority on Shariah compliance in the country that is home to the world’s largest Muslim population, with the finance ministry and central bank consulting them on Islamic finance issues. 

The government itself has been supportive of crypto assets, allowing it to be traded alongside commodity futures as an investment option and pushing to set up a crypto-focused exchange by the end of the year. Indonesia doesn’t allow the use of crypto assets as a form of currency, as the rupiah is the only legal tender in the country. …

… For the remainder of the report:

https://www.bloomberg.com/news/articles/2021-11-11/crypto-is-forbidden-for-muslims-says-indonesia-s-ulema-council

 

end

Your weekend reading material on central bank policy futility

MacLeod, Alasdair…

Alasdair Macleod: The futility of central bank policy

 

 

 Section: Daily Dispatches

 

By Alasdair Macleod
GoldMoney, Toronto
Thursday, November 11, 2021

It is only now becoming clear to the investing public that the purchasing power of their currencies is declining at an accelerating rate.

There is no doubt that yesterday’s announcement that the U.S. Consumer Price Index rose by 6.2%, compared with the longstanding 2% target, came as a wake-up call to markets.

Along with the other major central banks, the Fed’s reaction is likely to be to double down on interest rate suppression to keep bond yields low and stock valuations intact. The alternative will lead to a major financial, economic and currency shock sooner rather than later.

This article introduces the reader to some of the basic fallacies behind state currencies. It explains the misconceptions policy planners have over interest rates, and how central banks have become contracyclical lenders, replacing commercial banking’s credit creation for non-financial activities.

In effect, narrow money is being used by the major central banks in a vain attempt to shore up government finances and economic activity. The consequences for currency debasement are likely to be more immediate and profound than cyclical bank credit expansion. …

… For the remainder of the analysis:

https://www.goldmoney.com/research/goldmoney-insights/the-futility-of-central-bank-policy?gmrefcode=gata

END

OTHER IMPORTANT GOLD/ECONOMIC COMMENTARIES

 
end

OTHER COMMODITIES/URANIUM

 
 

END

 

 
CRYPTOCURRENCIES/
 
end

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

i) Chinese yuan vs usa dollar/CLOSED UP 6.3806  

 

//OFFSHORE YUAN 6.3732  /shanghai bourse CLOSED UP 6.31 PTS OR 0.18% 

 

HANG SANG CLOSED UP 79.98 PTS OR 0 32% 

 

2. Nikkei closed UP 332.11 PTS OR 1.13% 

 

3. Europe stocks  MOSTLY MIXED

 

USA dollar INDEX DOWN TO  95.12/Euro RISES TO 1.1454-

3b Japan 10 YR bond yield: RISES TO. +.076/ !!!!(Japan buying 100% of bond issuance)/Japanese yen vs usa cross now at 113;96/ 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//

 

3c Nikkei now JUST ABOVE 17,000

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

3e WTI:: 80.07 and Brent: 81.39

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

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

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

3h Oil 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 RISES TO -.0.245%/Italian 10 Yr bond yield RISES to 0.98% /SPAIN 10 YR BOND YIELD FALLS TO 0.47%…ITALIAN 10 YR BOND YIELD/GERMAN BUND: 1.23: DANGEROUS FOR THE ITALIAN BANKING SYSTEM

3j Greek 10 year bond yield RISES TO : 1.23

3k Gold at $1853.25 silver at: 25.00   7 am est) SILVER NEXT RESISTANCE LEVEL AT $30.00

3l USA vs Russian rouble; (Russian rouble DOWN 87/100 in roubles/dollar) 72.48

3m oil into the 80 dollar handle for WTI and  81 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 113.96 DESTROYING JAPANESE CITIZENS WITH HIGHER FOOD INFLATION

30 SNB (Swiss National Bank) still intervening again in the markets driving down the FRANC. It is not working: USA/SF this morning .9233 as the Swiss Franc is still rising against most currencies. Euro vs SF 1.0570 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 0.245%

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

4. USA 10 year treasury bond at 1.570% early this morning. Thirty year rate at 1.917%

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

6.  TURKISH LIRA:  UP  TO 9.93..  VERY DEADLY

Futures Rise Boosted By JNJ Split As Treasuries, Dollar Slide

 
FRIDAY, NOV 12, 2021 – 07:48 AM

U.S. equity index futures were slightly up at the end of a volatile week, trading in a narrow 20 point range for the second day in a row, while Treasuries resumed declines in response to the recent shock inflation data from the world’s largest economies.

Contracts on the three main U.S. gauges were higher, with Johnson & Johnson rising in premarket trading after saying it will split into two companies, while tech stocks again led gains at the end of a week scarred by deepening concerns over prolonged inflation. All the major U.S. indexes were set for a more than 1% weekly drop, their first since the week ended Oct. 1, as hot inflation numbers sapped investor sentiment and halted an earnings-driven streak of record closing highs. At 7:15 a.m. ET, Dow e-minis were up 106 points, or 0.3%, S&P 500 e-minis were up 8.5 points, or 0.18%, and Nasdaq 100 e-minis were up 40.25points, or 0.25%.

The same bullish sentiment that lifted US futures pushed European shares up as luxury shares gained after Cartier owner Richemont posted better-than-forecast earnings, offsetting a drop in travel stocks. Asian shares also climbed, helped by a rally in Japan. At the same time, Treasuries resumed a selloff after a trading holiday Thursday, with this week’s shock US inflation figures still reverberating through the bond market. Five-year notes led losses on concern the price pressure will force the Federal Reserve to raise rates earlier than anticipated. A gauge of the yield curve flattened to the least since March 2020.

While global stocks are set for their first weekly drop since early October, their swings have been muted compared with the gyrations in the bond market. Investor focus on a strong earnings season has tempered worries about higher inflation.

“Inflation could remain elevated in the coming months, and each inflation release that comes in above expectations has the potential to cause volatility in rate and equity markets, but we still don’t expect inflation to derail the equity rally,” Mark Haefele, chief investment officer at UBS Global Wealth Management, wrote in a note.

In US premarket trading, Johnson & Johnson jumped 4.7% in premarket trading after the drugmaker said it is planning to break up into two companies focused on its consumer health division and the large pharmaceuticals unit. Shares of the GAMMA giga techs (fka as FAAMG) also inched up. Tesla’s boss Elon Musk sold even more shares of the electric car maker, regulatory filings showed, after offloading about $5 billion worth of stock following a poll he posted on Twitter. The sale news naturally pushed TSLA stock price higher.  A gauge of U.S.-listed Chinese stocks jumped more than 5%, helped by Alibaba’s blowout Singles’ Day shopping festival and a report that Didi is getting ready to relaunch its apps. Rivian shares gain as much as 5% in U.S. premarket trading, extending the surge for the EV maker seen since its IPO this week which has sent its market value over $100b. Rivian trading at $122.99 in at 5am in New York, compared to IPO price of $78

Rising price pressures across the globe have been a top concern for market participants, with focus now shifting towards how consumer spending would fare as the holiday shopping season approaches.

“The risk-on trading stance remains,” said Pierre Veyret, a technical analyst at ActivTrades in London. “However, markets are likely to remain volatile as investors will need to have more clues on where both the economy and monetary policies are going.”

In Europe, gains for consumer and retail stocks balanced out declines for mining and energy companies. The Stoxx Europe 600 Index fluctuated as Bank of America strategists predicted a fall of at least 10% for the continent’s equities by early next year. Here are some of the biggest European movers today:

  • Richemont shares jump as much as 9.8% to a record high, with analysts seeing scope for earnings estimates to be upgraded after the company reported first-half results that Citigroup described as “stellar.” Peer Swatch also bounced.
  • Renault shares gain as much as 4.6% after Morgan Stanley upgraded the French automaker to overweight, saying it should have a stronger 2022 if it can raise production levels from a currently low base.
  • Deutsche Telekom rises as much as 3% with analysts highlighting a good revenue performance and upgraded earnings and cash flow guidance as key positives from its earnings.
  • Intertrust shares surge as much as 40% after the trust and corporate-services firm entered talks to be acquired by private-equity firm CVC.
  • AstraZeneca falls as much as 5.9% after the drugmaker’s 3Q results missed estimates, with analysts noting a big miss for cancer drug Tagrisso.
  • Wise shares sink as much as 8.8% after the money-transfer company won’t be added to an MSCI index in the latest rejig as some investors had expected. JDE Peet’s, Atos and Investor AB also all moved after the MSCI review.
  • Fortum shares decline as much as 3.6% after the Finnish utility’s 3Q sales missed estimates. Uniper, in which Fortum owns a 75% stake, also slid after Fortum said it stopped share purchases in the German group in July owing to high prices.
  • Avon Protection plummet as much as 44% after it warned of testing failures for some body-armor plates ordered by the U.S. military.
  • SimCorp shares drop as much as 7.1% after the financial software and services company’s 3Q earnings, with Handelsbanken calling the quarter “weak,” and saying it raises doubts for the 2022 outlook

Earlier in the session, Asia’s regional benchmark advanced, on track for a second day of gains, after sales in the Singles’ Day shopping festival boosted optimism. The MSCI Asia Pacific Index rose as much as 0.9%, with materials and communication stocks driving the benchmark. Tencent climbed 1.6%, after it bought a Japanese game studio and sold HengTen Networks shares. JD.com gained 5.2% after it received record Singles’ Day orders. Adding to sentiment were the mandate for China’s President Xi Jinping to potentially rule for life, which may mean policy continuity and fewer regulatory surprises and Goldman Sachs’ upgrade of offshore China stocks. A report that Didi Global is getting ready to relaunch apps in China further fueled optimism. “Investors are hoping that greenshoots of a loosening of reforms are upon us,” said Justin Tang head of Asian research at United First Partners.

It’s clear “tech shares got a little boost from Singles’ Day and the anointing of Xi as forever leader.” JD.com Shines in Muted Singles Day After Sales Beat: Street Wrap South Korea and Japan benchmarks posted the top gains in the region. Australia’s shares also advanced, boosted by mining stocks.

Japanese equities also rose, following gains in U.S. peers, erasing virtually all of their losses from earlier in the week. Electronics makers and telecoms were the biggest boosts to the Topix, which gained 1.3%. All 33 industry groups were in the green except energy products. Tokyo Electron and SoftBank Group were the largest contributors to a 1.1% rise in the Nikkei 225. The yen has weakened more than 1% against the dollar since Tuesday. “It’s a favorable environment for risk-taking thanks to China,” said Shogo Maekawa, a strategist at JP Morgan Asset Management in Tokyo, referring to Evergrande’s latest interest payment. Rising U.S. yields and a weaker yen “may serve as a trigger for foreign investors to re-evaluate Japanese equities and shift their focus to stocks here.”

Indian stocks also rose, snapping three sessions of declines, boosted by gains in software exporter Infosys. The S&P BSE Sensex climbed 1.3% to 60,686.69 to a two-week high and completed a second successive week of gains with a 1% advance. The NSE Nifty 50 Index increased 1.3% on Friday. All 19 sub-indexes compiled by BSE Ltd. rose, led by a measure of technology companies. In earnings, of the 45 Nifty 50 companies that have announced results so far, 29 have either met or exceeded consensus analyst expectations, 15 have missed estimates, while one couldn’t be compared. Oil & Natural Gas Corp. and Coal India are among those scheduled to announce results today.  Expectations of the U.S. Fed raising interest rates earlier than expected after a surge in inflation weighed on most emerging markets this week. In India, consumer prices probably quickened for the first time in five months in October, according to economists in a Bloomberg survey. The data will be released on Friday after market hours.  

In FX, the Bloomberg Dollar Spot Index was little changed, even as the dollar added to gains versus most its Group-of-10 peers, and Treasury yields rose across the curve on concern that rising U.S. inflation would warrant earlier rate hikes. The euro hovered around a more than a one-year low of $1.1450. The pound extended an Asia session advance and was the best performer among G-10 peers; the currency still heads for a third week of losses, having touched its lowest level since Christmas and options suggest the move may have legs to follow. Australian and New Zealand dollars are headed for back-to-back weekly declines as rising Treasury yields stoke further demand for the greenback; A 60% drop in the price of iron ore signals a blow to the Australian government’s efforts to stabilize the fiscal position following massive spending to support the economy through the coronavirus pandemic.Meanwhile, the ruble extended its losses, tracking a decline in Brent crude, as tensions flared up between Russia and Western nations over energy supplies and migrants. The currency tumbled as much as 1.1% to 72.4375 per dollar after the U.S. sounded out its EU allies that Russia may invade Ukraine. That made the ruble the worst performing currency in emerging markets. 

In rates, Treasuries were off session lows, but cheaper by 2bp-3bp across belly of the curve which underperforms as reopened cash market catches up with Thursday’s slide in futures. Treasury 10-year yields around 1.566%, cheaper by 2bp on the day, while 5-year topped at 1.262% in early Asia session; curve is flatter amid belly-led losses, with 5s30s spread tighter by ~1bp on the day after touching 63.7bp, lowest since March 2020. On the 2s5s30s fly, belly cheapened 3.5bp on the day, re-testing 2018 levels that were highest since 2008.

Bunds advanced, led by the front end, while Italian bonds slid across the curve, pushing the 10-year yield above 1% for the first time since Nov. 4, as money markets held on to aggressive ECB rate-hike bets. The Asia session was relatively calm, while during the European morning, Italian bonds lagged as futures continue to price in aggressive ECB policy. Treasury options activity in U.S. session has included downside protection on 5-year sector, where yields reached YTD high.    

In commodities, crude futures dip to lowest levels for the week: WTI drops 1.4% before finding support near $80, Brent dips 1% back onto a $81-handle. Spot gold drifts lower near $1,852/oz. Base metals are mixed: LME aluminum, nickel and tin post modest gains, copper and zinc lag.

Looking at the day ahead, data releases from the US include the University of Michigan’s preliminary consumer sentiment index for November, as well as the JOLTS job openings for September. In the Euro Area, there’ll also be industrial production for September. From central banks, we’ll hear from New York Fed President Williams, ECB Chief Economist Lane, and the BoE’s Haskel.

Market Snapshot

  • S&P 500 futures little changed at 4,646.50
  • STOXX Europe 600 little changed at 485.18
  • MXAP up 0.8% to 199.85
  • MXAPJ up 0.6% to 653.35
  • Nikkei up 1.1% to 29,609.97
  • Topix up 1.3% to 2,040.60
  • Hang Seng Index up 0.3% to 25,327.97
  • Shanghai Composite up 0.2% to 3,539.10
  • Sensex up 1.3% to 60,697.82
  • Australia S&P/ASX 200 up 0.8% to 7,443.05
  • Kospi up 1.5% to 2,968.80
  • Brent Futures down 1.3% to $81.83/bbl
  • Gold spot down 0.5% to $1,853.43
  • U.S. Dollar Index little changed at 95.20
  • German 10Y yield little changed at -0.23%
  • Euro little changed at $1.1441

Top Overnight News From Bloomberg

  • Inflation is soaring across the euro area, but it’s also diverging by the most in years in a further complication for the European Central Bank’s ongoing pandemic stimulus
  • The White House is debating whether to act immediately to try to lower U.S. energy prices or hold off on dramatic measures in the hope markets settle, as President Joe Biden’s concern about inflation runs up against climate, trade and foreign policy considerations
  • Reports U.S. is concerned that Russia may be planning to invade Ukraine are “empty and unfounded efforts to exacerbate tensions,” Kremlin spokesman Dmitry Peskov says on conference call
  • Financial problems faced by institutions like China Evergrande Group are “controllable” and spillovers from the nation’s markets to the rest of the world are limited, a former central bank adviser said
  • Hapag-Lloyd AG warned that a crunch in global container shipments could persist into next year, with labor negotiations, environmental pressures and disruptive weather combining to hamper goods flows
  • Japan’s government plans to compile an economic stimulus package of more than 40 trillion yen ($350 billion) in fiscal spending, according to the Nikkei newspaper
  • President Xi Jinping appeared more certain than ever to rule China well into the current decade, as senior Communist Party officials declared that the country had reached a new “historical starting point” under his leadership
  • Italian President Sergio Mattarella tried to quash speculation that he could stay on for a second term, leaving Prime Minister Mario Draghi as the top contender for the role early next year

A more detailed look at global markets courtesy of Newsquawk

Asian equity markets traded mostly higher heading into the weekend as the region attempted to build on the somewhat mixed performance stateside, where price action was contained amid Veterans Day and with US equity futures also slightly picking up from the quasi-holiday conditions. ASX 200 (+0.8%) was lifted in which mining stocks and the tech industry spearheaded the broad gains across sectors aside from healthcare as Ramsay Health Care remained pressured after it recently announced a near-40% decline in Q1 net profit. Nikkei 225 (+1.1%) was underpinned with Japanese exporters benefitting from recent favourable currency flows and with the biggest stock movers influenced by a deluge of earnings. Hang Seng (+0.3%) and Shanghai Comp. (+0.2%) were indecisive with Hong Kong tech stocks encouraged after e-commerce retailers Alibaba and JD.com posted record Singles Day sales, despite a deceleration in revenue growth from the shopping festival to its slowest annual pace since its conception in 2009 amid a toned-down event due to Beijing’s tech crackdown and emphasis on common prosperity. Conversely, mainland bourses were indecisive following a neutral liquidity operation by the PBoC and after US President Biden recently signed the Secure Equipment Act which prevents companies deemed as security threats from receiving new equipment licences from US regulators, which comes ahead of Monday’s potential Biden-Xi virtual meeting. Finally, 10yr JGBs were lower due to a lack of momentum from US treasuries as cash bond markets were closed for the federal holiday, with demand for JGBs also hampered by the gains in stocks and lack of BoJ purchases in the government debt market.

Top European News

  • Macron and Draghi Have Plans to Fill the Void Left by Merkel
  • Johnson Burns Through Political Capital Built Up With Tory MPs
  • JPMorgan Hires Zahn as Head of DACH Equity Capital Markets
  • Hapag-Lloyd CEO Says Global Shipping Crunch Could Extend in 2022

European equities (Stoxx 600 -0.1%) have seen a relatively directionless start to the session with the Stoxx 600 set to close the week out with modest gains of around 0.4%. Macro updates have been particularly sparse thus far with today’s data docket also relatively light (highlights include US JOLTS and Uni. of Michigan sentiment). The handover from the APAC region was a predominantly positive one as Japanese equities benefited from favourable currency dynamics and Chinese markets focused on the fallout from Singles Day which saw record sales for Alibaba and JD.com. Stateside, futures are also relatively directionless (ES -0.1%) ahead of aforementioned US data points and Fedspeak from NY Fed President Williams (voter), who will be speaking on heterogeneity in macroeconomics. The latest BofA Flow Show revealed USD 7.3bln of inflows for US equities, whilst tech stocks saw outflows of USD 1.6bln; the largest outflow since June. In Europe, equities saw their largest outflows in seven weeks with USD 1.7bln of selling. In a separate note, BofA projects 10+% of downside by early next year for European stocks amid weakening growth momentum and rising bond yields. Sectors in Europe are mixed with outperformance seen in Personal & Household Goods with Richemont (+8.6%) shares boosted following better-than-expected Q3 results. LVMH (+1.4%) also gained at the open following reports that the Co. could consider opening duty-free stores in China. Telecom names are firmer with Deutsche Telekom (+2.6%) one of the best performers in the DAX after posting solid results and raising guidance. To the downside, commodity-exposed names are lagging peers with Basic Resources and Oil & Gas names hampered by price action in their underlying markets. FTSE-100 heavyweight AstraZeneca (-4.4%) sits at the foot of the index after Q3 profits fell short of expectations. Finally, Renault (+4.3%) is the best performer in the CAC after being upgraded to overweight from equalweight at Morgan Stanley with MS expecting the Co. to have a better year next year.

Top Asian News

  • JPMorgan Japan Stocks Downgrade Shows Doubts Before Stimulus
  • Japan Stimulus Package to Top 40 Trillion Yen, Nikkei Reports
  • Hon Hai Warns Chip Shortage Will Outweigh IPhone Boost to Sales
  • AirAsia X Gets Over 95% Support From Creditors for Revamp

In FX, it would be far too premature to suggest that the Buck’s winning streak is over, but having rallied so far in relatively short order some consolidation is hardly surprising, especially on a Friday in between a semi US market holiday and the weekend. Hence, the index is hovering just above 95.000 within a 95.078-266 range after a minor extension from yesterday’s peak to set a new 2021 best, and the Dollar is on a more mixed footing vs basket components plus other G10 and EM counterparts, awaiting the return of those not in on Veteran’s Day, JOLTS, preliminary Michigan sentiment and Fed’s Williams for some fresh or additional impetus and direction.

  • GBP/CAD – The Pound and Loonie are flanking the major ranks even though the latest retreat in Brent and WTI is pretty uniform from a change on the day in Usd terms perspective, so it seems like Sterling is getting a boost from a downturn in the Eur/Gbp cross ahead of the UK-EU showdown on Brexit and Article 16, while Usd/Cad remains bullish on technical impulses before the BoC’s Q3 Senior Loan Officer Survey. Cable has bounced from just over 1.3350 to retest 1.3400 with Eur/Gbp probing 0.8550 to the downside, but Usd/Cad is probing 1.2600 irrespective of the Greenback stalling.
  • AUD/JPY – Both fractionally firmer as the Buck takes another breather, though the Aussie is also deriving some traction from favourable Aud/Nzd tailwinds again. Aud/Usd has pared losses sub-0.7300 as the cross hovers around 1.0400, while Usd/Jpy has retreated from around 114.30 towards 1.9 bn option expiries at the 114.00 strike amidst reports that the Japanese Government’s economic stimulus package will increase to Yen 40+ tn in fiscal spending, according to the Nikkei citing sources.
  • EUR/NZD/CHF – The Euro is still hanging in following its close below a key technical level for a second consecutive session and fall further from the psychological 1.1500 mark, especially as better than forecast Eurozone ip has not prompted any upside, However, option expiry interest at 1.1450 (1.2 bn) may keep Eur/Usd afloat if only until the NY cut. Similarly, the Kiwi has not gleaned anything via a decent pick-up in NZ’s manufacturing PMI as Nzd/Usd clings to 0.7000+ status and the Franc remains under 0.9200 regardless of an acceleration in Swiss import and producer prices.
  • SCANDI/EM – More transitory inflation remarks from Riksbank Governor Ingves are not helping the Sek fend off another dip through 10.0000 vs the Eur. but the Nok is getting protection from weaker oil prices via unusually large option expiries spanning the same big figure given 1.2 bn at 9.7500, 1.7 bn on the round number and 1 bn at 10.2000. Conversely, the Rub is underperforming as tensions rise around the Russian/Ukraine border and the Kremlin aims blame at the feet of the US alongside NATO, while the Try only just survived the latest assault on 10.00000 against the Usd in wake of below forecast Turkish ip and CBRT survey-based CPI projections for year end rising again. Elsewhere, the Mxn is softer following confirmation of a 25 bp Banxico hike on the basis that the verdict was not unanimous and some were looking for +50 bp, but the Zar retains an underlying bid after Thursday’s supportive SA MTBS and with Eskom reporting no load shedding at present, while the Cnh and Cny are holding gains in advance of the virtual Chinese/US Presidential meeting scheduled for Monday.

In commodities, WTI and Brent are pressured in the European morning, experiencing more pronounced downside after a gradual decline occurred in APAC hours. However, the magnitude of today’s performance is comparably minimal when placed against that seen earlier in the week and particularly on Wednesday; in-spite of the earlier pronounced movements, benchmarks are currently set to end the week with losses of less than USD 1.00/bbl – albeit the range is in excess of USD 5.00/bbl. Newsflow this morning has been minimal and thus yesterday’s themes remain in-focus where a firmer USD likely continues to factor but more specifically COVID-19 concerns, with Germany’s Spahn on the wires, and geopolitics via Russia drawing attention. On the latter, tensions are becoming increasingly inflamed as the US said they are concerned that Russia could attack Ukraine and in response Russia said they are not a threat to anyone, but, says US military activity is aggressive and a threat. Moving to metals, spot gold and silver are softer on the session, but remain notably firmer on the week given the CPI-induced move. On this, UBS highlights the risk of additional inflation strength next year which could stoke further gold demand. Elsewhere, base metals are, broadly speaking, marginally softer given tentative APAC performance and the aforementioned COVID concerns, particularly those pertinent for China. In terms of associated bank commentary, SocGen looks for copper to average USD 9.2k/T and USD 8.0k/T in 2021 and 2022 respectively.

US Event Calendar

  • 10am: Sept. JOLTs Job Openings, est. 10.3m, prior 10.4m
  • 10am: Nov. U. of Mich. 1 Yr Inflation, est. 4.9%, prior 4.8%; 5-10 Yr Inflation, prior 2.9%
  • 10am: Nov. U. of Mich. Sentiment, est. 72.5, prior 71.7; Current Conditions, est. 77.2, prior 77.7; Expectations, est. 68.8, prior 67.9

DB’s Henry Allen concludes the overnight wrap

there wasn’t much to speak of in markets yesterday as US bond markets were closed for Veterans Day and investors elsewhere continued to digest the bumper CPI print from the previous session. We did see a bit of residual concern at the prospect of a faster tightening in monetary policy, and implied rates on Eurodollar futures continued to climb, gaining between +4bps and +8bps on contracts maturing through 2023. However, on the whole equities were relatively unfazed on both sides of the Atlantic, and the S&P 500 (+0.06%) stabilised after 2 successive declines thanks to a bounceback among the more cyclical sectors.

Looking at those moves in more depth, interest-sensitive tech stocks were a big outperformer yesterday as both the NASDSAQ (+0.52%) and the FANG+ index (+0.98%) of megacap tech stocks moved higher. Material stocks in the S&P (+0.85%) were another sectoral winner, and the VIX index of volatility (-1.07pts) ticked down from its 4-week high on Wednesday. In Europe, the advance was even more prominent, where the STOXX 600 (+0.32%), the DAX (+0.10%) and the CAC 40 (+0.20%) all reached fresh records. Indeed, for the STOXX 600, that now marks the 13th advance in the last 15 sessions, with the index having risen by over +6% in the space of a month.

As mentioned, it was a quieter day for sovereign bond markets with the US not trading, but the sell-off continued in Europe as yields on 10yr bunds (+1.7bps), OATs (+1.4bps) and BTPs (+2.7bps) all moved higher. We didn’t get any fresh news on the Fed officials either given the US holiday, but a Washington Post article yesterday said that officials from the White House had stayed in touch with Governor Brainard since her meeting with President Biden last week, albeit still emphasising that no final decision had yet been made. Separately, Bloomberg reported that senior Biden advisors did not view the recent trading scandal at the Federal Reserve as disqualifying Chair Powell.

US Treasury markets have reopened overnight, with 10yr yields following their European counterparts higher, moving up +1.4bps to 1.563%. That’s been driven by a +2.4bps rise in the real yield, though 10yr real yields still remain close to their all-time lows since TIPS started trading back in 1997. Otherwise in Asia, markets are mostly trading higher with the KOSPI (+1.48%), Nikkei (+1.07%) and Hang Seng (+0.22%) all advancing, though the Shanghai Composite (-0.01%) is basically unchanged whilst the CSI (-0.31%) is trading lower. Data showed further signs of inflationary pressures in the region, with South Korea’s import price index up +35.8% in October on a year-on-year basis, the highest since 2008. Elsewhere in India, Prime Minister Modi is expected to announce an opening up of the sovereign bond market to retail investors today, which comes amidst rising inflation concerns as well. Looking ahead, futures are indicating a positive start in the US and Europe with those on the S&P 500 (+0.16%) and the DAX (+0.15%) pointing higher.

Turning to the geopolitical scene, it was reported by Bloomberg that US officials had briefed their counterparts in the EU about a potential Russian invasion of Ukraine. It follows a build-up in Russian forces near the Ukrainian border that have been reported more widely, and echoes a similar situation back in the spring. The Russian ruble weakened -0.57% against the US dollar yesterday in response, with the declines occurring after the report came out. This comes amidst a number of broader tensions in the region, and natural gas prices in Europe were up +6.66% yesterday after Belarus’ President Lukashenko threatened to cut the transit of gas if the EU placed additional sanctions on his regime.

Meanwhile on Brexit, there were potential signs of compromise in the dispute over Northern Ireland, with the Telegraph reporting that the EU was prepared to improve its offer when it came to reducing customs checks. However, the report also said that this would be contingent on the UK ending its demands to remove the European Court of Justice’s role in overseeing the agreement. There has been growing speculation in recent days that the UK could be about to trigger Article 16 of the Northern Ireland Protocol, which allows either side to take unilateral safeguard measures if the deal was causing serious issues. This would risk EU retaliation that could in theory even led to a suspension of the entire trade deal agreed last year, which is an option that has been talked up in recent weeks. For those wanting further reading on the issue, DB’s FX strategist Shreyas Gopal put out a note on Tuesday (link here) looking at the issues surrounding Article 16 and its implications for sterling.

Another important thing to keep an eye on over the coming weeks will be any further signs of deterioration in the Covid-19 situation. Cases have been ticking up at the global level for around 4 weeks now, and a number of European countries (including Germany) have seen a major surge over the last few days. In the Netherlands, they actually set a record for the entire pandemic yesterday, and Prime Minister Rutte is due to hold a press conference today where it’s been speculated he’ll announce fresh restrictions. Separately in Austria, Chancellor Schallenberg said that a lockdown for the unvaccinated was “probably unavoidable”, and said that “I don’t see why two-thirds should lose their freedom because one-third is dithering”.

On the data front, the only major release was the UK’s Q3 GDP reading yesterday, which surprised on the downside with growth of +1.3% (vs. +1.5% expected), even though Covid-19 restrictions were much easier in Q3 relative to Q2. To be fair, the monthly reading for September did surprise on the upside, with growth of +0.6% (vs. +0.4% expected), but it came as July and August saw downward revisions. On a monthly basis, the September reading meant the UK economy was just -0.6% beneath its pre-pandemic size in February 2020.

To the day ahead now, and data releases from the US include the University of Michigan’s preliminary consumer sentiment index for November, as well as the JOLTS job openings for September. In the Euro Area, there’ll also be industrial production for September. From central banks, we’ll hear from New York Fed President Williams, ECB Chief Economist Lane, and the BoE’s Haskel.

3A/ASIAN AFFAIRS

i) FRIDAY MORNING/THURSDAY  NIGHT: 

SHANGHAI CLOSED UP 6.31 PTS OR  0.18%     //Hang Sang CLOSED UP 79.98 PTS OR 0.32% /The Nikkei closed UP 332.11 PTS OR 1.13%    //Australia’s all ordinaires CLOSED UP 0.84%

/Chinese yuan (ONSHORE) closed UP  6.3806   /Oil DOWN TO 80.71 dollars per barrel for WTI and UP TO 82.19 for Brent. Stocks in Europe OPENED MOSTLY MIXED   /ONSHORE YUAN CLOSED  UP AT 6.3806 AGAINST THE DOLLAR. OFFSHORE YUAN CLOSED UP ON THE DOLLAR AT 6.3732/ONSHORE YUAN TRADING BELOW LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING STRONGER AGAINST USA DOLLAR/OFFSHORE YUAN TRADING STRONGER AGAINST THE DOLLAR /TRADE DEAL NOW DEAD..TRUMP  RAISED RATES TO 25%/

 

3 a./NORTH KOREA/ SOUTH KOREA

/NORTH KOREA//SOUTH KOREA

 

 
 
end

b) REPORT ON JAPAN

JAPAN/

 

3 C CHINA

CHINA//TAIWAN/USA

China recognizes the weakness of Biden.  They now demand that the USA end all official contacts with Taiwan.

(Dave DeCamp/Antiwar.com)

China Demands US Immediately End All Official Contacts With Taiwan

 
THURSDAY, NOV 11, 2021 – 05:40 PM

Authored by Dave DeCamp via AntiWar.com, 

China’s Foreign Ministry reacted Wednesday to a visit to Taiwan by a group of Senate and House Republicans and called on Washington to end official contacts with Taipei.

“The visit of the relevant members of the US Congress gravely violates the one-China principle,” Chinese Foreign Ministry spokesman Wang Wenbin said at a daily press briefing. “China firmly opposes this and has lodged solemn representation with the US side. We ask the US side to immediately stop all forms of official interactions with Taiwan.

Via Associated Press

According to The South China Morning Post, the 13-member congressional delegation that visited Taiwan aboard a military aircraft on Tuesday included four senators and two members of the House, all of them Republicans.

Not all of the lawmakers who made the trip were identified, but sources told the Post the delegation included Senators John Cornyn (R-TX), Mike Crapo (R-ID), Tommy Tuberville (R-AL), Mike Lee (R-UT), and Rep. Jake Ellzey (R-TX). While in Taiwan, the US delegation visited Taiwan’s Defense Ministry and met with Taiwanese President Tsai ing-Wen.

Republicans in Congress have been introducing legislation to increase military support for Taiwan. A bill introduced in the Senate last week, which Cornyn and Crapo co-sponsored, would give Taiwan $2 billion in military aid each year.

The Republican trip to Taiwan comes as tensions are soaring between the US and China over the island. For the first time since Washington severed diplomatic relations with Taipei in 1979, Taiwan is disclosing the extent of its military cooperation with the US.

On Tuesday, a report from Taiwan’s Defense Ministry revealed over 600 troops have traveled to the island since 2019 for training purposes. The fact that small numbers of US troops have been deployed to Taiwan over the decades is not a secret, but the acknowledgment from Taipei signals a shift in policy and is viewed as a provocation of Beijing.

end

TAIWAN//PFIZER VACCINE

This is fascinating;  Taiwan halts immediately the 2nd dose for Pfizer for all children 12 -17 years old  and no doubt that they will not allow children under 12 to be vaccinated.

(zerohedge)

Taiwan Halts 2nd Dose Of Pfizer Jabs For 12-17 Year Olds

 
THURSDAY, NOV 11, 2021 – 06:40 PM

Taiwan has become the latest country to halt or restrict the use of a Covid-19 vaccine due to concerns over adverse reactions.

On Wednesday, Taiwan’s Central Epidemic Command Center (CECC) announced the suspension of 2nd doses of the Pfizer-BioNTech jab for children aged 12-17 over concerns that it may increase the risk of myocarditis, according to Taiwan News. The CECC also said that it would hold off on its decision for those under 12 years-old until the 2nd dose issue is settled.

Myocarditis is an inflammation of the heart muscle which can reduce the heart’s ability to pump, as well as cause abnormal heart rhythms. The mortality rate from this disease is approximately 20% after one year, and 50% at five years. Of course, it has yet to be seen whether Covid-19 or Vaccine-induced myocarditis follows the same risk profile.

According to US statistics, the risk of the condition following the second Pfizer dose is 10x higher than after the first dose.

Taiwan follows Hong Kong in changing their policies regarding Covid-19 vaccines in adolescents, which went from two doses of Pfizer to a single dose for those aged 12-17, while the UK has recommended just one shot for children between 12-18 years of age.

Chen said that the Ministry of Health and Welfare’s Advisory Committee for Immunization Practices (ACIP) has decided to halt administration of second BNT doses to this age group for two weeks, during which time experts and Centers for Disease Control (CDC) physicians will look at the 16 cases of myocarditis among adolescents after BNT vaccination before making a final decision on whether to go ahead with the second shot.

International data will also be consulted before the final decision is made, the CECC head said, adding that currently, children between the ages of 12-17 are being vaccinated with two doses worldwide except in Hong Kong and the U.K. -Taiwan News

Meanwhile, Moderna on Thursday said that while its vaccine has fewer breakthrough cases than Pfizer’s offering, it carries a higher risk of myocarditis in young men, according to CNBC

Reported cases of the rare heart inflammation in men under age 30 are relatively higher after Moderna’s vaccine compared with those who received the shots made by Pfizer and BioNTech, Moderna Chief Medical Officer Dr. Paul Burton told reporters on a call Thursday.

Burton cited data from France on males ages 12 to 29. It showed there were 13.3 cases of myocarditis per 100,000 people for Moderna’s vaccine compared with 2.7 cases per 100,000 people for the Pfizer vaccine.

When it comes to breakthrough cases resulting in mild or severe disease, Moderna has the fewest at 86 breakthroughs per 100,000 people, vs 135 per 100k with Pfizer’s, according to Burton.

Some scientists have suggested that young men are experiencing higher rates of Myocarditis post-vaccination due to testosterone, as well as the fact that Moderna’s vaccine uses a higher concentration of mRNA than Pfizer’s.

“I do think this hypothesis of testosterone is important,” said Burton. “We know that there is indeed some inflammation associated with testosterone. … We do have in the primary series, as you know, 100 micrograms of mRNA, so we have slightly higher levels of spike protein, and that could be a contributing factor as well.”

Remember folks, the vaccines currently being administered are still under emergency use, and if anything goes wrong you can’t sue.

 

end

CHINA//REAL ESTATE

Evergrande defaults

From Robert H to us:

Global financial crash: China Evergrande defaults on payments and will ‘bankrupt’ | City & Business | Finance | Express.co.uk

 
 
China is a broken corrupt nation indiscriminately feeding off its’ own people that has run out of money and not ambition.
Soon that will end too as certain events unfold to cause China to seek a helping hand that might not be so helping.
Karma is a bitch when it comes calling.

https://www.express.co.uk/finance/city/1519580/Global-financial-crash-china-evergrande-collapse-china-property-market

Financial crash fears erupt: China Evergrande ‘defaults’ on payment – set for ‘bankruptcy’

CHINA Evergrande, one of the largest companies in the world, has defaulted on its vast bond repayments and could be set for bankruptcy, a financial expert has claimed.

China ‘preparing for military engagement’ says expert

 

Such is the dire state of the company, experts now predict the company will announce bankruptcy in a “matter of days”. According to Deutsche Marktscreening Agentur (DMSA), the collapse of the company could now have dire consequences for the financial system. DMSA itself has invested in bonds paid to Evergrande and did not receive interest repayments from the company.

 

The interest repayments were due to be paid on November 10 after it missed the deadline last month.

Due to these missed repayments, DMSA is now preparing bankruptcy proceedings against Evergrande.

Senior analyst Dr. Marco Metzler from DMSA, said: “But while the international financial market has so far met the financial turmoil surrounding the teetering giant Evergrande with a remarkable basic confidence – one can also say: with remarkable naivety – the US central bank Fed confirmed our view yesterday.

“In its latest stability report, it explicitly pointed out the dangers that a collapse of Evergrande could have for the global financial system.

 

Global financial crash

Global financial crash: The company is set for bankruptcy (Image: GETTY)

Global financial crash

Global financial crash: The company is one of the largest in the world (Image: GETTY)

“But so far we have not received any interest on our bonds.

“With banks in Hong Kong closing today, it’s certain that these bonds have defaulted.”

Two payments were missed last month, amounting to $128.7million (£95million).

Three bond repayments were also missed on November 10, which amounted to $148.13million (£109million

END

4/EUROPEAN AFFAIRS

UK//COVID

 

end

GERMANY VACCINE/MODERNA

END

DENMARK/VACCINE

 

END

IRELAND/

 

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

///RUSSIA/BELARUS/USA/NATO

Russia getting a little angry at increased NATO presence. They are sending in paratroopers to Belarus

(zerohedge0

Russia Deploys Paratroopers To Belarus After Blasting Increased NATO Reconnaissance In Region

 
FRIDAY, NOV 12, 2021 – 10:49 AM

On Friday the Kremlin said it’s observed NATO increasing air reconnaissance flights over the Black Sea, according to defense sources cited in Interfax and TASS news agencies. 

“In the past 24 hours, several reconnaissance planes were detected above the Black Sea. There is no more doubt that the United States is exploring the region as a possible theater of war,” TASS cites Russian officials as saying.

And further: “The US and NATO have conducted an aerial operation in the Black Sea region, sources in the Russian Defense Ministry told the newspaper. A refueling aircraft has been deployed to the region, which made it possible for planes to remain in the air almost the entire day.”

The Russian media reports say the US build-up is related to tensions over Belarus and Ukraine. This week has seen a full-blown crisis emerge at EU crossings on the Poland-Belarus border, also as Lithuania and Latvia also send additional troops and police to secure their borders as thousands of Middle East migrants are seeking entry from the Belarus side. 

Currently, US and NATO allies, along with non-NATO forces from Ukraine, are also conducting naval drills in the Black Sea, led by two US warships. “According to the sources, the operation also involved the Ukrainian Armed Forces as Ukraine’s Bayraktar drones were seen in the areas where NATO’s aircraft conducted their flights,” TASS continues, nothing increased US and Western assistance to Ukrainian forces. “The Russian Defense Ministry (MoD) stated earlier that NATO countries had stepped up activities involving their naval forces, aerial and maritime reconnaissance means.”

Not only has Russia within the past couple days sent a pair of long-range bombers over Belarus in a show of support to the Alexander Lukashenko government, but on Friday the Kremlin ordered Russian paratroopers to deploy to Belarus as part of continued joint operations.

“On November 12, a Russian paratrooper unit will land on an unknown site on the territory of the Grodno region in the Republic of Belarus as part of a surprise combat readiness inspection of the Airborne Force and take part in a joint tactical exercise with units of the Belarusian armed forces,” Russia’s defense ministry said in a statement.

Media fresh US media reports have alleged Russia has resumed building up troops near eastern Ukraine…

“Russian Il-76 military transport aircraft took off from airfields in Russia and flew to Belarus to airdrop the paratroopers,” the statement added. The operation is being described as checking the readiness status of “quick reaction forces” of Russia and Belarus, both which cooperate closely. 

The Russian MoD condemned the ongoing US and NATO presence in the Black Sea in fresh statements Friday, saying“We view the US aggressive military activity in the Black Sea region as a threat to regional security and strategic stability.” It underscored that “the true goal of the US actions unprovoked by Russia are to study the theater of military operations in case of the use-of-force scenario in the southeast.”

END

Now uK deploys troops to Poland to fortify the border fence with Belarus

(zerohedge)

ISRAEL/USA

 

end

IRAN/CHINA

 
 

end

 

6.Global Issues

CORONAVIRUS UPDATE

With is quite something:  Bill Gates now admits that the mRNA vaccines do not stop transmission.

(Jordan Schactel/.Dossier substack)

With 7.4 Billion COVID Shots In Arms, Bill Gates Admits The Quiet Part Out Loud

 
THURSDAY, NOV 11, 2021 – 09:00 PM

Authored by Jordan Schachtel via The Dossier substack,

The world’s most influential “public health” advocate has come to seemingly doubt the technology behind mRNA injections, following their deployment into more than 7.34 billion arms worldwide.

A little-noticed interview from last week with a U.K. think tank saw Microsoft founder Bill Gates make some incredible statements about his most prized “solution” to the pandemic.

“We didn’t have vaccines that block transmission,” said Gates, contradicting previous interviews in which he claimed the shots significantly block transmission.

“We got vaccines that help you with your health, but they only slightly reduce the transmission,” he added.

[The vast majority of the interview involves Gates demanding totalitarian solutions to bad weather, which he refers to as climate change. The part about the COVID shots comes at minute 27.]

Gates is correct about the fact that the shots aren’t blocking transmission. With record COVID numbers coming out of Europe, it’s become obvious that the mRNA shots are doing little, if nothing at all, to stop transmission. Moreover, the impact these shots have in preventing a positive COVID test appear to expire after 6-9 months

Gates wasn’t done.

He added a pretty shocking statement to top it off:

“We need a new way of doing the vaccines.”

Just like that, Gates appears to be wiping his hands clean of his involvement in the worldwide mRNA experiment.

It’s a surprising tone from a man whose foundation has accumulated hundreds of millions of dollars (thanks to pre-IPO access to BioNtech, the maker of the “Pfizer shot”)  from the shots, in addition to his fierce advocacy for them. Additionally, Gates has added billions of dollars in income to his personal arsenal during the pandemic. 

To make matters even worse, Gates then endorsed the Police State models for COVID “mitigation” that are currently being implemented by New Zealand and Australia.

“At least Australia and New Zealand showed that competent management could keep the death rate down pretty dramatically,” he said in the interview.

He did not mention that both countries have been under lockdown for significant portions of COVID Mania, with citizens facing massive restrictions of their rights for almost two years. And on top of that, both countries, despite their heinous lockdowns and mRNA deployments, are currently facing massive outbreaks on an unprecedented scale.

Clearly, the man described by Politico as the “world’s most powerful doctor” is doubling down on the totalitarian madness that he is attempting to impose on the world.

At The Dossier, we have reported extensively on the influence the Gates Network wields over the world of “public health.” The Gates network is primarily responsible for seeding America’s COVID policy catastrophes. You can read about it below and listen to my podcast with more detail:

How the Gates Foundation seeded America’s COVID-19 policy catastrophes

The Monopolist: How Bill Gates wields enormous influence over COVID policy

END

Singapore cancels free healthcare for those “unvaccinated by choice”

(zerohedge)

Singapore Cancels Free Healthcare For Those “Unvaccinated By Choice” 

 
FRIDAY, NOV 12, 2021 – 05:45 AM

Singapore’s government announced Monday that it would no longer cover the healthcare costs of unvaccinated COVID patients. 

“Currently, unvaccinated persons make up a sizeable majority of those who require intensive inpatient care, and disproportionately contribute to the strain on our healthcare resources,” the country’s health ministry said in a statement.

“We will begin charging Covid-19 patients who are unvaccinated by choice” on Dec. 8,” the statement continued.

The government has covered medical bills for all Singaporeans, but that stance appears to be changing. 

“This was to avoid financial considerations adding to public uncertainty and concern when COVID-19 was an emergent and unfamiliar disease,” the health ministry explained.

Covering healthcare costs for “the majority who are vaccinated … until the COVID-19 situation is more stable,” it added. 

Singapore has one of the highest vaccination rates in the world, with 85% of its population fully vaccinated and 18% having received booster shots, according to government data. 

The ploy to squeeze unvaccinated people by frightening them with medical bills if they get sick is to scare them into being vaccinated. We exposed this type of ploy by governments in a piece titled “COVID-19: The Weaponization Of Fear & The Loss Of Freedom.”

COVID has been a godsend for governments as a convenient pretext to expand power over the people using fear-based strategies. Politicians have even more leverage and can easily sway people’s behaviors in any which direction they desire. 

Singapore’s exploitation of the virus to punish unvaccinated people is the latest example of how governments worldwide are sliding into authoritarian regimes.

 

END

This is a biggy! European regulators are reviewing reports of a major disorder from the Moderna vaccine, known as capillary leak syndrome.  They have 6 cases.  In these cases, plasma leaks out of blood vessels and settles in cavities.  This could be very deadly.

(Phillips/EpochTimes)

and Robert to us on this important topic

“This is nuts, people have blindly accepted these experimental vaccines in the hope or understanding that they will free them or save themselves grief, and retain employment. What is worse is this concerted effort by government and health officials to push their narrative of punishment and denial of personal freedom to force these jabs. When you see countries like Austria resort to free sex to entice a jab you can be certain that your health is not the 1st priority.
The longer this goes on the less creditability government has. In the end the same conclusions will occur. The socialist model of Europe is dead and years of mindless government spending and non existent interest on government debt will come to an end. And when it does, they will not save themselves with Universal Income to hide the fact the cannot pay their debts and the system will fail and they will lose their standing. And if that is all they lose, they will be lucky because sheer incompetence is breeding a mob response that will come and when it does we will see similar events to what history recorded in the French Revolution. Visit the Left Bank in Paris, remnants of that time still exist. 

Sadly, much of the western world is now trapped in a spiral of debt and coming events that will make climbing out of this pit difficult. Regardless of what politicians say, it will be a decade before a return to yesterday’s memories is possible. And that will not happen as too many other factors are in motion that will collide and thus the next decade will be more turbulent as we adapt to the changes underway bringing the world to a different place. Hopefully these events and changes will bring some peace and prosperity to people across the planet.”
 
The report from Europe:

Regulator Reviewing Reports of ‘Rare’ and Serious Condition Linked to Moderna Vaccine

By Jack Phillips
The Epoch Times, New York
Thursday, November 11, 2021

https://www.theepochtimes.com/mkt_breakingnews/regulator-investigating-moderna-vaccine-over-rare-but-serious-blood-condition_4099180.html

Europe’s drug regulator on Thursday confirmed it is investigating reports of a blood condition in recipients of Moderna’s mRNA COVID-19 vaccine.

According to a bulletin posted by the European Medicines Agency (EMA), it is reviewing six cases of capillary leak syndrome, considered a “very rare disorder,” after they were reported in the EMA’s EudraVigilance database.

“At this stage, it is not yet clear whether there is a causal association between vaccination and the reports of capillary leak syndrome,” the EMA wrote on Thursday, adding that “these reports point to a safety signal … information on new, or changes in, adverse events that may potentially be associated with a medicine or vaccine and that warrant further investigation.”

The review also will address the risk of capillary leak syndrome in groups who have a medical history of the disorder.

As a result, EMA researchers will “evaluate all the available data to decide if a causal relationship is considered likely or not,” the bulletin reads.

It also noted there is “currently insufficient evidence” of a link between Moderna’s vaccine and cases of multisystem inflammatory syndrome.

Capillary leak syndrome, according to the Mayo Clinic, is a rare disorder involving repeated leaks of large amounts of plasma from blood vessels into nearby body cavities and muscles. The condition—known as Clarkson’s disease—can result in a sharp drop in blood pressure that can lead to organ failure or even death.

“Attacks may be triggered by an upper respiratory infection or intense physical exertion. The frequency of attacks can range from several a year to a single instance in a lifetime,” says the clinic.

Symptoms include nausea, fatigue, irritability, muscle aches, more thirst, or a sudden increase in body weight, the clinic’s website says.

Earlier in the year, the EMA’s safety committee concluded that capillary leak syndrome should be added to the product information as a side effect of AstraZeneca’s vaccine, which uses different technology than Moderna’s.

Outside of the European Union, Canada’s health agency earlier this year updated the label for the Oxford-AstraZeneca and Covishield COVID-19 vaccines to add capillary leak syndrome as a possible side-effect. The Canadian agency included a warning for individuals with a history of the ailment to not receive those vaccines.

U.S., European, and Canadian health officials have previously stated that the Moderna COVID-19 vaccine’s benefits outweigh the potential risks.

“Like all medicines,” the EMA said on Thursday, “this vaccine can cause side effects, although not everybody will experience them. The most common side effects known for [Moderna’s vaccine] are usually mild or moderate and get better within a few days after vaccination.”

Moderna this week confirmed it is seeking to expand the conditional license for its COVID-19 vaccine in the European Union to include children between the ages of 6 and 11.

Moderna has not responded to several requests for comment.

COVID-19 is the illness caused by the CCP (Chinese Communist Party) virus.

-END-

We highlighted this story at the beginning of the week.  As a refresher Astroworld held a concert last Saturday night where 8 people died of cardiac arrest and many order suffered injuries and sent to the hospital  Wrongly it was stated that there was a rush but that only occurred during the day time concert.  How could 8 die of cardiac arrest?  Now a 9th person has died and they are still investigating. It is worthy to report that everyone who attended had to be double vaccinated and there was a rush to vaccinate prior to the concert. Is 5g connected to the deaths?

Jack Phillips/EpochTimes

Astroworld Victim Bharti Shahani Dies, Bringing Death Toll to 9

November 11, 2021 Updated: November 11, 2021
 

A 22-year-old woman who attended Houston’s Astroworld Festival in Houston over the past weekend is the ninth person to die due to the incident, an attorney for her family and her family confirmed.

James Lassiter, the lawyer, confirmed to media outlets that Bharti Shahani died on Wednesday night. She was a student at Texas A&M University, attending the concert with her younger sister and cousin, family members have said.

“She was like an angel for us,” Bharti’s father Sunny said, according to KHOU.

“Please make sure that she gets justice,” he told ABC. “I don’t want somebody else’s daughter to go like this. I kept hearing the news and all that, but for the last six days, I’ve not slept.”

For days, Shahani had been on a ventilator after attending the event headlined by rapper Travis Scott.

“There have been a lot of questions, and I think it’s common knowledge, but there was a video going around that most people have seen of a young lady falling from a gurney as they were trying to get her out there … evacuate her. That was Bharti Shahani,” her attorney said.

Her sister, Mohit Bellani, described the concert.

“We were drowning. We were drowning. We were dying. We were screaming for help, screaming for the concert to stop, crying, yelling. No one listened. No one cared,” Bellani said, according to KBTX.

Authorities previously said that the incident was triggered when concertgoers rushed the stage.

Some attendees recalled being pushed into one another from all sides or pushed down to the floor and trampled by others.

 

Some concert attendees recalled being pushed into one another from all sides, pushed down to the floor, and trampled or crushed by other concertgoers. A 9-year-old was reportedly injured during the event.

Scott was only minutes into his headlining show at the Astroworld music festival when at least one Houston officer radioed over a police channel that the main stage had been compromised by a massive crowd surge.

Houston Police Chief Troy Finner said Wednesday that police told organizers to shut down the performance while fans in the crowd were being administered CPR. Authorities gave word around 10:03 p.m. that the concert was in the process of shutting down, but witnesses say Scott and Drake, the superstar rapper who came on toward the end of Scott’s set as a special guest, kept performing.

The Houston Police Department and the FBI are currently investigating the incident.

The Associated Press contributed to this report.

end

GLOBAL ISSUES/GLOBAL INFLATION ISSUES

World’s largest meat company warns of labour shortages  which in turn holds back production

(zerohedge)

World’s Largest Meat Company Warns Labor Shortages “Holding Back Production”  

 
FRIDAY, NOV 12, 2021 – 07:42 AM

The latest CPI figures from the U.S. this week showed meat prices are rocketing higher. Consumers are wondering when will rapid food inflation end. The world’s largest meat processor warned that labor shortages are crimping production growth, pushing prices higher, according to Bloomberg.

Brazilian company JBS S.A. has meat processing plants worldwide. One of its challenges is labor shortages in every developed country, resulting in limited production and increasing costs. 

On Thursday, Andre Nogueira, head of JBS SA’s U.S. division, said the problem is most severe Stateside as labor shortages are expected to persist into the new year. He said the lack of workers also impacts operations in Europe, Canada, and Australia. 

“Labor shortages are holding back production growth,” Nogueira said. “This is a key issue for the industry.” He added the shortages weren’t cutting into current production capacity, but the lack of workers inhibits the company’s ability to expand output if needed. 

“JBS USA has a full team in pork and beef operations, though that doesn’t mean his division is delivering the same level of production using a similar number of employees as in the past,” Nogueira said, adding that workers are opting out of weekend shifts. 

Earlier this week, JBS reported earnings and posted third-quarter net income that topped analysts’ expectations due to the strengthening U.S. meat market and increasing exports to China. However, the company harped on the issue of rising operation costs due to labor woes and higher commodity prices.

Elsewhere, Nogueira said JBS controlled companies in the U.K. faced a shortage of workers and truck drivers. “It’s a structural adjustment in the meat industry,” he explained.

News that meat prices are rising comes as global food inflation hits fresh decade highs. Simultaneously, U.S. Consumer prices increase at the fastest rate in 40 years, partially due to soaring food prices. 

In return, soaring inflation, if that’s food, energy, shelter, and vehicles, fuels a period of discontent among Americans that are showing up in presidential polling data. 

For now, meat prices are likely to stay elevated as the world’s largest processor has no wiggle room to increase output due to labor woes. So much for “transitory” inflation. Expect to pay some of the highest food costs in more than a decade this holiday season.

 

END

A good article by Mark Cudmore on huge inflation ripping our three largest economies, the uSA, China and Japan

He states that regime change will come!

(Mark Cudmore)

Frogs Will Get Boiled As Regime Change Is Coming

By Mark Cudmore, macro strategist and the global managing editor of Bloomberg’s Markets Live team

Inflation angst: we ain’t seen nothing yet.

Within less than 24 hours, the world’s three largest economies — the U.S., China and Japan — each released inflation data that shattered consensus forecasts and showed prices rising at the fastest pace since at least the early 1990s. Actually the highest print in more than 40 years in Japan.

The fourth-largest economy, Germany, also confirmed inflation at the fastest pace since the early ‘90s, but that release didn’t surprise economists as it was the final print and the beat had come with the preliminary estimate. Germany isn’t letting the side down though — it recently confirmed the highest producer price inflation on records that go back to 1977. This from the country where policy makers famously fear inflation more than most!

And yet markets don’t really seem to care too much. Sure, U.S. yields and the dollar both surged, while stocks tumbled. But there’s no panic about the enormity of what we’re seeing. Barely anyone even bothered commenting on Japanese PPI coming in at 8% y/y this morning, versus 7% estimated. And revisions ticked higher too.

The metaphor of frogs in a pot of water has never been a more apt analogy. For those unfamiliar, the idea is that a frog put suddenly into boiling water will instantly jump out, but a frog put in tepid water that is gradually brought to the boil will not perceive the danger and hence be cooked to death.

A year ago, if you had told any investor the inflation prints they would be seeing today, there would have been disbelief and uproar. The median estimate for U.S. 2021 full-year inflation stood at 1.9%. Even before Wednesday’s data, that consensus had climbed to 4.4% — an almost unbelievable shift.

Instead, with the inflation dial gradually turned higher all year, the marginal change now fails to shock and we’re not registering the full ramifications of a return to an inflation regime not seen for decades. We’re still focusing on rate of change when we’ve finally reached a point where levels matter.

What’s bizarre is that we listen to economists on this issue. Today marked the 11th month in a row of Japan PPI beating consensus forecasts! It was the ninth in a row for China PPI. They’ve underestimated seven of the last eight U.S. CPI prints, although NONE of the 70 economists surveyed by Bloomberg anticipated the 0.9% m/m increase in CPI Wednesday — the highest prediction was 0.7%. And yet their “expertise” is still guiding too many people in markets. You almost couldn’t make it up. It’s like the frogs trusting the chef who put them in the pot on whether they will be OK.

What does this mean for markets? Volatility, for a start. We have a dislocation between economic reality and the economic framework that is priced across assets. The problem is that you can’t just sit on inflation plays because there’s a collective denial out there from economists, policy makers and too many in markets.

Bonds will suffer, but we’ll swing from bouts of curve flattening to steepening. The risk-reward ratio of overpriced momentum stocks now has negative appeal, but some other equity sectors can still perform. Currency markets will see some extraordinary dislocations as FX will be a key outlet for economic imbalances.

And I’m not convinced that crypto is the wonderful all-purpose hedge that many would have you believe. How does it fare if real yields move higher, risk-limits get cut amid higher volatility, consumer disposable income gets squeezed and meme/momentum stocks are suffering?
The inflation genie is out of the bottle. The immediate path for markets is difficult because the shifting reaction function of big central banks is still in play. It’s not suddenly going to get easier: the year ahead will see immense asset-price dislocations.

END

 
LA PALMA VOLCANO ERUPTION

La Palma//daily updates

La Palma

 

Michael Every

end

 

7. OIL ISSUES

The White House is desperate to get energy prices down

(zerohedge)

 

8 EMERGING MARKET& AUSTRALIA ISSUES

Australia////  NEW ZEALAND//COVID/VACCINES/LOCKDOWNS

AUSTRALIA

Just the opposite:  people who do not get vaccinated will live for another day.

(Watson/SummitNews)

Aussie Health Chief Says People Who Don’t Get Vaccinated Will Be “Miserable” And “Lonely” For Life

 
THURSDAY, NOV 11, 2021 – 11:00 PM

Authored by Paul Joseph Watson via Summit News,

The Queensland president of the Australian Medical Association said during a television appearance that people still refusing to get the vaccine will be “miserable” and “lonely” for the rest of their lives.

Yes, really.

“Oh, they’re crazy not to get vaccinated, life will be miserable without getting vaccinated,” said Dr. Chris Perry.

“You won’t be able to hide, you won’t be able to get a doctor to sign off that you got an exclusion because there’s quite set rules on that and doctors will be audited, every one of their exclusions will be looked at very carefully,” he added, before threatening doctors with fines and termination.

Perry also threatened people who falsely obtain a vaccine exemption that they will also be hit with fraud charges if they “try and get round the system.”

@mickrowan

 

♬ original sound – Mick M. Rowan

“It’s going to be very hard to maintain your employment if you’re not vaccinated and you won’t be able to go anywhere for any entertainment,” he said.

Perry concluded by saying that those who don’t get double jabbed will have “a very, very lonely life” and wouldn’t be able to maintain a job.

Now tell me again how the vaccine isn’t mandatory?

During subsequent comments, Perry blamed “conspiracy theorists” for making people hesitant to take the vaccine.

“In the age of social media, any potential slight headache or small, serious problem with the vaccines is magnified,” he said.

 

end

Euro/USA 1.1454 UP .0007 /EUROPE BOURSES //ALL MIXED

 

USA/ YEN 113.96  DOWN  0.082 /NOW TARGETS INTEREST RATE AT .11% AS IT WILL BUY UNLIMITED BONDS TO GETS TO THAT LEVEL…

GBP/USA 1.3405  UP   0.0038 

 

USA/CAN 1.2582  DOWN 0.0006  (  CDN DOLLAR  UP 6 BASIS PTS )

 

Early FRIDAY morning in Europe, the Euro IS UP by 7 basis points, trading now ABOVE the important 1.08 level RISING to 1.1454

Last night Shanghai COMPOSITE CLOSED UP 6.31 PTS OR 0.18%

 

//Hang Sang CLOSED UP 79.98 PTS OR 0.32% 

 

/AUSTRALIA CLOSED UP 0.84% // EUROPEAN BOURSES OPENED MOSTLY MIXED

 

Trading from Europe and ASIA

EUROPEAN BOURSES  ALL MIXED 

 

2/ CHINESE BOURSES / :Hang SANG  CLOSED UP 79.98 PTS OR 0.32%

 

/SHANGHAI CLOSED 6.31  PTS OR 0.18%

 

Australia BOURSE CLOSED UP 0.84%

Nikkei (Japan) CLOSED UP 332.11 POINTS OR 1.13% 

 

INDIA’S SENSEX  IN THE RED

Gold very early morning trading: 1852.70

silver:$25.02-

Early FRIDAY morning USA 10 year bond yr: 1.570% !!! UP 2 IN POINTS from THURSDAY night in basis points and it is trading WELL BELOW resistance at 2.27-2.32%.

The 30 yr bond yield 1.917 UP 1  IN BASIS POINTS from THURSDAY night.

USA dollar index early FRIDAY morning: 95,12 DOWN 6  CENT(S) from THURSDAY’s close.

This ends early morning numbers FRIDAY MORNING

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

And now your closing  FRIDAY NUMBERS 1: 00 PM

Portuguese 10 year bond yield: 0.38%  DOWN 1  in basis point(s) yield from YESTERDAY/

JAPANESE BOND YIELD: +0.076% up 6/10   BASIS POINTS from YESTERDAY/JAPAN losing control of its yield curve/

SPANISH 10 YR BOND YIELD: 0.47%// UP 0  in basis points yield from yesterday.

ITALIAN 10 YR BOND YIELD:  0.96  UP 0    points in basis points yield from yesterday./

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

GERMAN 10 YR BOND YIELD: FALLS TO –..254% IN BASIS POINTS ON THE DAY//

THE IMPORTANT SPREAD BETWEEN ITALIAN 10 YR BOND AND GERMAN 10 YEAR BOND IS 1.21% AND NOW ABOVE   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 1.1447  UP .0001    or 1 basis points

USA/Japan: 113.86  DOWN .188 OR YEN UP 19  basis points/

Great Britain/USA 1.3413 UP .0048// UP 48   BASIS POINTS)

Canadian dollar UP 33 basis points to 1.2556

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

The USA/Yuan,  CNY: closed    ON SHORE  (CLOSED UP)..6.3797  

 

THE USA/YUAN OFFSHORE:    (YUAN CLOSED (UP)..6.3732

TURKISH LIRA:  9.73  EXTREMELY DANGEROUS LEVEL/DEATH WISH.

the 10 yr Japanese bond yield  at +0.076%

Your closing 10 yr US bond yield UP 2 IN basis points from THURSDAY at 1.571 % //trading well ABOVE the resistance level of 2.27-2.32%) very problematic USA 30 yr bond yield: 1.939  UP 3 in basis points on the day

Your closing USA dollar index, 95,07 DOWN 10  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  37.40 PTS OR 0.51% 

 

German Dax :  CLOSED UP 10.70 PTS OR 0.07% 

 

Paris CAC CLOSED UP  31.85  PTS OR  0.45% 

 

Spain IBEX CLOSED  DOWN 12.70  PTS OR 0.14%

Italian MIB: CLOSED UP 12.70 PTS OR 0.14% 

 

WTI Oil price; 81.35 12:00  PM  EST

Brent Oil: 82.65 12:00 EST

USA /RUSSIAN /   RUBLE FALLS:    73.04  THE CROSS HIGHER BY 1.43 RUBLES/DOLLAR (RUBLE LOWER BY 143 BASIS PTS)

TODAY THE GERMAN YIELD FALLS  TO –.254 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 for Oil, 4:00 pm/and 10 year USA interest rate:

WTI CRUDE OIL PRICE 4:30 PM : 80.81//

BRENT :  82.05

USA 10 YR BOND YIELD: … 1.576..UP 2  basis points…

USA 30 YR BOND YIELD: 1.947 UP 3  basis points..

EURO/USA 1.1444 DOWN 0.0003   ( 3 BASIS POINTS)

USA/JAPANESE YEN:113.87 UP  0.174 ( YEN UP 17 BASIS POINTS/..

USA DOLLAR INDEX: 95.10 DOWN 8  cent(s)/

The British pound at 4 pm   Britain Pound/USA: 1.3419 UP .0055  

the Turkish lira close: 9.98  DOWN 7 BASIS PTS//

the Russian rouble 72.87  DOWN 1.27  Roubles against the uSA dollar. (DOWN 127 BASIS POINTS)

Canadian dollar:  1.2546 UP 43 BASIS pts

German 10 yr bond yield at 5 pm: ,-0.254%

The Dow closed UP 179.13 POINTS OR 0.50%

NASDAQ closed UP 156,68 POINTS OR 1.00%

VOLATILITY INDEX:  16.41 CLOSE DOWN  1.25

LIBOR 3 MONTH DURATION: 0.1560

%//libor dropping like a stone

USA trading day in Graph Form

Wall Street Reaches Record Highs As Main Street Sentiment Hits 11-Year-Lows

 
FRIDAY, NOV 12, 2021 – 04:00 PM

Since around the year 2000, Wall Street and Main Street have been decoupling. The Lehman crisis events and government response accelerated that divergence, and, most recently, policymakers’ response to the COVID crisis has driven the divided between Wall Street’s success and Main Street’s distress has never been wider…

Source: Bloomberg

Does make one wonder what exactly the world’s central bank liquidity-suppliers are really doing, because it’s not helping ’employment’ or ‘inflation’.

This divergence was highlighted even more so today, when Americans’ sentiment crashed to its lowest in 11 years (UMich) as stocks rebounded back towards record highs. Perhaps most notably is President Biden’s approval rating is tracking Main Street sentiment and not Wall Street euphoria…

Source: Bloomberg

But once again ‘soft’ survey data is leading overall economic surprise data higher and giving asset-gatherers and commission-rakers just enough ammo to urge clients to BTFD…

Source: Bloomberg

Thanks to the now ubiquitous buying-panic today, stocks almost made it back to green on the week. The S&P was the least worst horse in this week’s glue factory while Small Caps and Nasdaq were the laggards (but thanks to the late-day mania, markets ended barely lower)…

After four straight weeks of short-squeezing, “Most Shorted” stocks ended the week lower…

Source: Bloomberg

As it appears the squeezers have run out of short-ammo faces to rip-off…

Source: Bloomberg

TSLA had its worst week since March 2020 (-16%) as Musk dumped billions of dollars of stock…

Before we leave equity-land, there’s this. Since Mark Zuckerberg renamed Facebook to Meta, FB shares have made very modest gains as the market took off, but META (a metaverse ETF) has exploded higher as perhaps once again, those ever-so-smart algos just bid without thinking…

Source: Bloomberg

Though some of the fund’s initial gains may have come from ticker confusion, the switch triggered a “catalyst moment” for the metaverse market with the attention that Mark Zuckerberg brought to the theme, according to Bloomberg Intelligence senior ETF analyst Eric Balchunas.

STIRs shifted notably more hawkish this week with the market now pricing in a full rate-hike by July and over 2.5 hikes by Dec 2022…

Source: Bloomberg

Treasury yields were higher on the week, but the short-end significantly underperformed amid all the inflation chatter (5Y +18bps, 30Y +6bps). This was the biggest spike in 5Y yields since Nov 2019

Source: Bloomberg

That flattened the yield curve dramatically, prompting many to discuss the rising potential for a Fed policy error. This is the 4th weekly flattening in the last 5 weeks, and the flattest curve (5s30s) since March 2020…

Source: Bloomberg

US inflation Breakevens soared to record highs (jumping notably more this week than the rest of the world’s breakevens) …

Source: Bloomberg

And as breakevens surge, real yields crash to new record (negative) lows, providing support for gold…

Source: Bloomberg

The Turkish Lira crashed above 10/USD, a record low…

Source: Bloomberg

Cryptos ended the week higher, but off their record highs reached mid-week…

Source: Bloomberg

Bitcoin topped $68,000 (a new record high) this week, and Ethereum topped $4850 (a new record high) before both fell back. ETH then rebounded more aggressively but fell back ended the week back where they started relative to each other…

Source: Bloomberg

Gold surged to its best week since May but silver had an even bigger gain on the week, while oil ended lower again…

Gold topped $1870 this week, its highest level since mid-June…

“We see risks of further strength in CPI in early 2022, which could stoke even stronger demand for gold,” analysts at UBS Group AG including Wayne Gordon wrote in a note.

“A moderation in inflation expectations alongside higher nominal rates should see U.S. real rates push higher eventually (and weigh on gold), but this likely takes longer.”

Silver 5% gain this week (also best week since May) lifted it above $25 for the first time since August to test its 200DMA

Source: Bloomberg

Oil posted its longest stretch of weekly losses since March with U.S. President Joe Biden keeping investors guessing about whether he’ll act to tame higher energy prices that are driving a surge in inflation.

“Oil is in correction mode and the first key support is the psychologically important $80 per barrel area,” said Phil Flynn, senior market analyst at Price Futures Group Inc.

“The fear is greater than the reality of what the Biden administration can do to bring down oil and gas prices.”

We do note that someone was buying $250/$300 Brent call spreads (in modest size) this week…

Source: Bloomberg

It seems 3.5 ounces of silver is just too much to pay for a barrel of oil…

Source: Bloomberg

Finally, Gas prices – at the pump – are at their highest since 2012 for this time of year…

Source: Bloomberg

But don’t worry because Jen Psaki said The White House has “engaged OPEC on increasing oil supply” and they are “looking at options on gasoline prices.” Because price-controls have always worked so well…

END

i)  MORNING TRADING//

 

end

ii)  USA///DEBT

 

USA DATA

Consumer sentiment survey collapses in number to 11 year lows. Inflation expectations surge!

(zerohedge0

UMich Sentiment Survey Collapses To 11-Year-Lows, Inflation Expectations Surge

 
FRIDAY, NOV 12, 2021 – 10:08 AM

After disappointingly tumbling to COVID crisis lows in October, analysts expected UMich sentiment to rebound modestly in preliminary November data led by a pick-up in ‘expectations’ (or hope). However, analysts were wrong – very wrong!

UMich headline sentiment plunged from 71.7 to 66.8 (way below the 72.5 expected) – that is the lowest since 2011. Both ‘current conditions’ and ‘expectations’ also plunged in preliminary November data…

Source: Bloomberg

As UMich Director Richard Curtin notes, the plunge in sentiment is “due to an escalating inflation rate and the growing belief among consumers that no effective policies have yet been developed to reduce the damage from surging inflation.”

All this despite a stock market that is surging to fresh highs day by day…

Source: Bloomberg

Buying Conditions crashed to new cycle (multi-decade) lows (after a very brief rebound in home-buying conditions in October)…

Source: Bloomberg

As President Biden’s approval rating plumbs new lows, it is not surprising that sentiment is down across all political cohorts, but the big drop was for Republicans…

Source: Bloomberg

The issues underlying the stark partisan divisions are based on stark differences in economic policies.

The stylized difference is that one side favors maximizing economic growth and efficiency, the other side on maximizing distributional equity and fairness. Such legislative challenges are won or lost by extreme partisan support drawn from both sides of the aisle.

Such extremes, however, make achieving their policy goals much more important than providing effective counter measures to ongoing economic hardships.”

Finally, and most importantly, short-term inflation expectations surged to a new cycle high – the highest since 2008…

Source: Bloomberg

The proportion of households who expected to be worse off financially stood at 24% in November, the last time a higher figure was recorded was in June 2008.

end

end

 

iii) a  IMPORTANT USA/CONTAINER LOGJAMS//shortages//inflation

Because of the container backlog, truckers cannot make money as they sit idly by.  Now America is short a whopping 80,000 truck drivers.

(zerohedge)

America Is Short A Whopping 80,000 Truck Drivers 

 
THURSDAY, NOV 11, 2021 – 09:20 PM

America is short tens of thousands of truck drivers as supply chain woes increase at ports, creating shortages and pushing inflation higher. Truckers haul an astonishing 72.5% of all freight in the US and account for 6% of the full-time workforce.

Bob Costello, the Chief Economist for the American Trucking Association (ATA), told 6 News that the US is short a whopping 80,000 truck drivers, up from an estimated shortage of 61,500 drivers before the virus pandemic. He said the industry needs to recruit over a million drivers this decade to replace an aging workforce. 

Costello said several factors contribute to the shortage of drivers, including age demographics, ongoing COVID pandemic, drug testing, trouble recruiting, pay, age restrictions (commercial drivers must be 21), and infrastructure issues. 

He told Fortune that “there is no single cause of the driver shortage, that means there is no single solution, adding that “the solution to the driver shortage will most certainly require increased pay, regulatory changes, and modifications to shippers’, receivers’ and carriers’ business practices to improve conditions for drivers.” 

However, there is some good news as labor markets recover and increasing job transitions are underway, which is an uptick in applications for commercial driver’s licenses.  

Sunny Truck Driving School in Queens, New York, has added new training trucks to keep up with a flood of new applicants, according to BBC. The wait times to take the test have jumped from 4 weeks to 12 weeks. Some of the new applicants are former taxi and uber drivers, seeking higher pay after the pandemic left them jobless. 

In Texas, the state government has expanded truck-driver license testing to six days a week (instead of five) in response to the nationwide shortage that has resulted in supply chain snarls. The pay is so good in The Lone Star State that one transportation company is offering drivers $14k per week

Big trucking companies warn that driver shortages will persist into next year and pressure freight rates higher. An effort is already being made to process new drivers and get them on the road, but it could take years to attract new drivers and clear up the shortage. That’s why companies are pushing towards automation and robot trucks. 

end

b) USA COVID/VACCINE UPDATES//VACCINE MANDATES

It sure took Florida a long time to make this decision.  They might withdraw from federal OSHA oversight from the Vax Mandate.

(zerohedge)

iii) important USA economic stories

Rent is a major factor in determining CPI.  Manhattan apartment rents soar the most on record and we should see another incresein the the CPI next month.

(zerohedge)

Manhattan Apartment Rents Soar The Most On Record 

 
THURSDAY, NOV 11, 2021 – 07:20 PM

We’ve been documenting a massive divergence in Manhattan real estate, one where residential housing is coming back to life in a post-pandemic world, but commercial real estate remains dead. 

The latest data from appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate shows median rent for Manhattan apartments surged 18% in October from a year earlier to $3,382, the most on record, according to Bloomberg

The borough is one of the hottest rental markets in all of the city. Jonathan Miller, president of Miller Samuel, said a shortage of homes in suburban markets had led some people to find better upgrades in the city.

“There are more people understanding the relationship of where they want to live and where their employer wants them to work from,” Miller said.

Demand for luxury apartments pushed overall rents higher. Complexes with door attendants and a front desk saw rents soar 25% to $4,263 compared with non-doorman properties, only rose 7.4%

As for studios, rents surged 17%, one-bedrooms increased 16%, and two-bedroom rents jumped 26%. Miller said each benchmark set a new annual growth record last month. 

Meanwhile, the number of new leases sank 22% from a year ago to 4,395 as the housing market returned to normal levels. 

When it comes to supply, the number of available apartment rentals across the city has become scarce. In the last week of September, real estate firm StreetEasy reported that apartment inventory stood at 15,541, a considerable decline from the 48,753 rentals available in September 2020

People are flocking back to the city or upgrading to more affluent parts as back to office slowly returns for some workers. Kastle Systems, whose electronic access systems secure thousands of office buildings across NYC, shows an increasing number of workers returned to the office at the beginning of November. Since September, the index has risen nearly fourteen percentage points from 20% to about 34%. Overall, the index remains well below pre-pandemic levels. 

With that being said, commercial real estate in the borough remains in turmoil. Rents plunged last month the most in five years—an enormous glut of storefronts and office space line city streets. 

The massive divergence between residential and commercial real estate can easily be explained. As workers remain at home, foot traffic on city streets is muted, and in return, spending at storefronts slumps. People still need a roof over their heads but are more frequently using Amazon to avoid in-person stores. 

end

iv) Swamp commentaries/

This is fascinating: a judge order the FBI to stop extracting data from Veritas.  As a background Biden’s daughter left her diary in Florida after receiving treatment for substance abuse.  The diary was given to Veritas who could not verify the contents so they sent it off to law enforcements.  The diary contained some awful stuff on Biden Sr. The FBI then decided to raid Veritas looking over copies of the diary or any other stuff related to it. The FBI stated that the diary was stolen which makes no sense!

Judge Orders FBI To Stop “Extracting” Data From Veritas Devices Amid Mystery Leaks To NYT

 
THURSDAY, NOV 11, 2021 – 09:10 PM

A federal judge has ordered the FBI to stop “extracting” information from James O’Keefe’s phone following the raids on multiple properties last week, as part of a probe into the alleged theft of President Biden’s daughter’s diary.

The FBI claims the diary was stolen. O’Keefe has vehemently denied that:

“Late last year, we were approached by tipsters claiming they had a copy of Ashley Biden’s diary,” said O’Keefe,” adding “the tipsters indicated that they were negotiating with a different media outlet for the payment of monies for the diary.”

“At the end of the day, we made the ethical decision that because, in part, we could not determine if the diary was real, if the diary in fact belonged to Ashley Biden, or if the contents of the diary occurred, we could not publish the diary and any part thereof.”

O’Keefe said that they turned the diary over to law enforcement after Ashley Biden’s attorney refused to accept or authenticate it.

But that was not enough for ‘the establishment’, especially in light of O’Keefe’s persistent nuisance factor of exposing ugly truths.

Judge Analisa Torres ordered the FBI to stop extracting information contained in O’Keefe’s phone and further ordered verification by Friday.

This is a ‘win’ for O’Keefe and the Project Veritas team, but not before the contents of the documents/phones seized had been leaked to The New York Times.

As Mike Cernovich tweeted:

“Something tells me that the Federal judge who ordered the FBI to stop removing files from Project Veritas devices is going to have some questions as to how attorney-client privileged communications were removed from those devices and sent to the NYT.”

This is the Deep State that Trump has warned about for years.

end

Steve Bannon Indicted For Contempt Of Congress After Ignoring J6 Panel

 
FRIDAY, NOV 12, 2021 – 04:02 PM

The Biden DOJ has indicted former Trump adviser Steve Bannon over his refusal to cooperate with a congressional investigation of the Jan. 6 “Stop the Steal” rally.

Bannon was slapped with two counts – failure to appear to give testimony, and failure to produce “documents and communications,” or “provide a log of any withheld records.”

The move follows an October vote by the House of Representatives to hold Bannon in contempt Congress – alleging that he refused a subpoena to provide documents and testimony to the panel.

It has not gone unnoticed that former Attorney General Eric Holder was held in contempt of Congress over his similar failure to turn over documents related to the Fast and Furious scandal.

As the Epoch Times noted following the House ruling, the contempt resolution argued that Bannon has no legal standing to defy the subpoena.

Trump’s attorney, however, argued that Bannon shouldn’t comply because the requested information is protected by the former president’s executive privilege. Team Trump submitted a memo to Trump’s website announcing a “lawsuit to defend executive privilege.”

“The January 6th Committee is a partisan sham to distract Americans from the Democrats’ policies that are killing and robbing Americans,” the memo alleged.

The committee says it wants Bannon’s documents and testimony because he was in touch with Trump before the Jan. 6 incident, because he tried to get Trump to focus on the congressional certification of the election results, and because he said on Jan. 5 that “all hell is going to break loose” the next day.

In an October statement following the House resolution, former President Trump said: “This is just a continuation of the Witch Hunt which started with the now fully debunked and discredited Russia, Russia, Russia Scam, quickly reverting to a perfect phone call with Ukraine, Ukraine, Ukraine, Impeachment Hoax #1, Impeachment Hoax #2, and now this. The Unselect Committee is composed of absolute political hacks who want to destroy the Republican Party and are decimating America itself,” adding “I am the only thing in their way.”

END

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

The King Report November 12, 2021 Issue 6635 Independent View of the News
  Chinese Property, Tech Stocks Jump on Hope of Softer Regulations
Shares in Chinese property developers booked their best two-day gain in six years, joined by a jump in technology stocks, as investors speculated Beijing may soften regulatory crackdowns on the two industries…Evergrande’s bond interest payment, which looks set to help the firm to again avert a default, also gave investors some reprieve…
    Dow Jones said China’s central bank is considering easing rules to help developers sell assets to avoid defaults, after a similar report by local media Cailian. On Wednesday, the state-run Securities Times reported that rules for developers to issue domestic bonds may be loosened…
https://finance.yahoo.com/news/china-developers-surge-higher-easing-064550376.html
Every Day Like Clockwork, $200 Million Flows into One Growth ETF
Less than a month ago, the Nuveen Growth Opportunities ETF had hardly any assets. Now it’s got a massive $2.7 billion — and the gush of money has a weirdly repetitive rhythm to it.  For 13 out of 18 trading days, at about the 4 p.m. close in New York, someone has poured roughly $200 million into the exchange-traded fund
    “Flow charts that look unified like this tend to be one institution or internal assets. But it’s highly rare to see it come in in perfect increments for days on end.”… it’s big money for a young fund…
https://finance.yahoo.com/news/every-day-clockwork-200-million-144444939.html

 

U.S. Treasury Market Is Most Treacherous Since Pandemic’s Onset
As bond traders around the world try to force central banks to respond to elevated inflation rates, unusually large price swings have taken their toll. Signs have emerged of a vicious cycle in which reluctance to participate in the market impairs liquidity, making large price swings even more likely. As measured by Bloomberg’s U.S. Government Securities Liquidity Index, trading conditions in Treasuries are the worst since March 2020…
    “The Fed’s idea of confronting now 6% inflation is to take their balance sheet higher by another $500b over the next 8 months and still have rates at zero,” Peter Boockvar…wrote…
https://www.bloombergquint.com/onweb/u-s-treasury-market-is-most-treacherous-since-pandemic-s-onset

Biden policies ‘key factor’ in surging energy prices, American Petroleum Institute president says
The API president explained that cutting off the Keystone XL Pipeline, leasing and permitting on federal lands, and access to the Arctic National Wildlife Refuge in Alaska, have been consequential for the price of energy…  https://www.foxnews.com/us/biden-policies-key-factor-surging-energy-american-petroleum-institute-president

NYC rents skyrocket amid record-high inflation rates https://trib.al/Hl8kxbQ
10.1 percent between July and October and 20 percent since January… (CPI has +2.9% y/y!)
NIH knew Wuhan lab enhanced bat coronavirus years earlier than officials testified, grantee says
EcoHealth Alliance spokesperson Robert Kessler shared a screenshot from its account on the NIH eRA Commons website for grantees, showing it submitted its “year four” report April 13, 2018
https://justthenews.com/government/federal-agencies/nih-was-told-wuhan-experiment-enhanced-bat-coronavirus-years-earlier

@cricketwyvern: The latest @UKHSA Vaccine Surveillance shows 78% of infections in working age adults (18-59) occurred in the fully vaccinated…How on earth can Govt continue to claim that sacking unvaccinated carers makes things safer for residents   https://twitter.com/cricketwyvern/status/1458828272943476747

Taiwan halts 2nd-dose BioNTech vaccinations for ages 12-17 amid concerns of myocarditis
https://www.taiwannews.com.tw/en/news/4340862

@Chicago1Ray: Why would [IL Gov] (JB) Pritzker have to sign a new law protecting Dr’s from lawsuits for administering the Vax if it’s as they claim (Safe)

 
WH ‘actively engaged’ with NSBA before ‘domestic terror’ (complaining parents) letter: memo
“In the September 14, 2021 meeting of the OSAED [Organization of State Association Executive Directors] liaison group, they were informed there had been a meeting with White House staff that morning and that NSBA was preparing to send a letter to the President,” the memo reads…
https://nypost.com/2021/11/11/white-house-engaged-with-nsba-before-domestic-terror-letter-memo/

 

Democrats who probed Russian interference and hyped Steele dossier silent after Danchenko indictment – Danchenko, a sub-source for Steele, was charged with five counts of making false statements to FBI   https://www.foxnews.com/politics/democrats-probed-russian-interference-steele-dossier-silent

@GovRonDeSantis says he will send the illegal aliens to Joe Biden’s Delaware.
https://twitter.com/beingrealmac/status/1458545808958230534

DeSantis blames ‘Biden’s lawlessness’ for alleged murder by illegal immigrant https://t.co/WaTUlxzabN

YouTube Hides “Dislikes” Following Mass Downvoting of Biden Administration Videos
https://www.zerohedge.com/technology/youtube-hides-dislikes-following-mass-downvoting-biden-administration-videos

@RNCResearch: BIDEN: “How many times have you driven your kids to the parking lot of McDonald’s and sat there going off the McDonald’s internet so you could hear?” (81m votes my…)
https://twitter.com/RNCResearch/status/1458552014703632385

Hunter Biden leaves NYC as gallery cancels plan to let the public see his paintings https://trib.al/OkUfSle

Scottsdale (AZ) Unified Assures Parents of Privacy in Aftermath of Secret Dossier Discovery, Parents Call for Greenburg Resignation – a group of mothers discovered Governing Board President Jann-Michael Greenburg had access to a Google Drive full of personal information, documents, and photos of about 47 people, including children…  https://azfreenews.com/2021/11/scottsdale-unified-assures-parents-of-privacy-in-aftermath-of-secret-dossier-discovery-parents-call-for-greenburg-resignation/

Rittenhouse Prosecutor Maintains Riot Footage Is “Slanted Against the People Who Are Rioting”
https://rumble.com/vp39sx-rittenhouse-prosecutor-maintains-riot-footage-is-slanted-against-the-people.html

‘Left Winger’ Bill Ackman Says Kyle Rittenhouse Is “A Patriot Who Acted in Self-Defense”, Media Assumes Twitter Account Hacked – Our firsthand impressions of Kyle were materially different from those we had previously formed based on media reports and opinion pieces that we had consumed. I have always been frustrated to read an inaccurate press report about a subject I know well, yet somehow I continue to believe other articles in the same newspaper about subjects I know less well.  Media and political bias are dividing our country and destroying lives…
https://www.zerohedge.com/political/left-winger-bill-ackman-says-kyle-rittenhouse-patriot-who-acted-self-defense-media

 
end
 
Let us wrap up the week as always with this offering courtesy of Greg Hunter
(Courtesy Greg Hunter)
 

https://usawatchdog.com/china-troubles-crash-coming-gold-and-btc-up/China Troubles, Crash Coming, Gold and BTC Up

By Greg Hunter’s USAWatchdog.com (WNW 503 11.12.21)

The Chinese property company called Evergrande has officially gone under and is defaulting on much of its debt.  The legacy financial media lied and told investors that the company was making interest payments when it was clearly not.  What is going to happen now?  It is only a matter of time before the global economy takes a big hit.  The knock-on effect will be stunning for the unprepared.  This event is something you best take notice of.  You have been warned is the take-away here.

The Fed is between a rock and a hard place.  It either stops the bond buying and the market crashes or they keep printing cash and inflation will crash the markets.  Either way, the markets are going to crash if the entire financial system does not implode first.  Again, you have been warned.

One of the few bright spots is gold and Bitcoin prices.  They are up and going higher.  They smell trouble, and people are running for cover.  That move is just getting started.

Join Greg Hunter as he talks about these stories and more in the Weekly News Wrap-Up 11.12.21.

 
 

Financial and geo-political cycle expert Martin Armstrong will be the guest for the Saturday Night Post.  He will tell us what he sees coming, and it’s not going to be pretty.

 
end
 
Well that is all for today
 
 

I will see you MONDAY night.

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