DEC 29//GOLD CLOSED DOWN $5.00 TO $1805.50//SILVER DOWN 22 CENTS TO $22.85//GOLD STANDING FOR DELIVERY AT THE COMEX RISES TO 111.6 TONNES//SILVER OZ STANDING FOR DELIVERY: 45.810 MILLION OZ//COVID COMMENTARIES//VACCINE MANDATE COMMENTARIES//VACCINE IMPACT//OMICROM CASES NOW EXCEED 1 MILLION FOR THE 2ND DAY IN A ROW/CDC NOW ADMITS THAT THE PCR TESTS GIVE FALSE POSITIVES FOR 12 WEEKS AFTER INITIAL EXPOSURE//EUROPE WILL HAVE HIGH NATURAL GAS PRICES UNTIL THE BEGINNING OF 2023/TURKISH LIRA AGAIN COLLAPSES//SWAMP STORIES FOR YOU TONIGHT//

GOLD; DOWN $5.00 to $1805.50

SILVER: $22.85 DOWN 22 CENTS

ACCESS MARKET:

GOLD $1804.00

SILVER: $22.8

2

Today the comex options expired at 1:30 pm..OTC and London expire Dec 31

Bitcoin:  morning price: 46,873 down $1074

Bitcoin: afternoon price: 47,947 DOWN $3169

Platinum price: closing down $7.85 to $972.35

Palladium price; closing down  $9.90  at 1984.10

END

end

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 EXCHANGE: COMEX  8/.65

EXCHANGE: COMEX
CONTRACT: DECEMBER 2021 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,810.200000000 USD
INTENT DATE: 12/28/2021 DELIVERY DATE: 12/30/2021
FIRM ORG FIRM NAME ISSUED STOPPED


365 H ED&F MAN CAPITA 6
435 H SCOTIA CAPITAL 57
624 H BOFA SECURITIES 57
661 C JP MORGAN 8
737 C ADVANTAGE 2


TOTAL: 65 65
MONTH TO DATE: 35,883

NUMBER OF NOTICES FILED TODAY FOR  DEC. CONTRACT: 65 NOTICE(S) FOR 6500 OZ  (0.2021  TONNES)

total notices so far:  35,883 contracts for 3,588,300 oz (111.611 tonnes)

SILVER//DEC CONTRACT

140 NOTICE(S) FILED TODAY FOR  700,000   OZ/

total number of notices filed so far this month 8159  :  for 45,795,000  oz

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

GLD

WITH GOLD DOWN $5.00 TO $1810.50

HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF:2.03 TONNES OF GOLD 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  975,66 TONNES OF GOLD//

Silver//SLV

WITH NO SILVER AROUND AND SILVER DOWN 22 CENTS:

NO CHANGES IN SILVER INVENTORY AT THE SLV/:

INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV

CLOSING INVENTORY SLV/ TONIGHT: 534.999 MILLION OZ

Let us have a look at the data for today

SILVER//OUTLINE


SILVER COMEX OI FELL BY A  TINY 136 CONTRACTS TO 141,246  AND RESTS FURTHER FROM THE NEW RECORD OF 244,710, SET FEB 25/2020.. WITH THE  $0.09 GAIN IN SILVER PRICING AT THE COMEX ON TUESDAY.  OUR BANKERS WERE UNSUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT ROSE BY $0.09) AND WERE  UNSUCCESSFUL IN KNOCKING OUT ANY SILVER LONGS  AS WE HAD A STRONG GAIN OF 697 CONTRACTS ON OUR TWO EXCHANGES .

WE  MUST HAVE HAD: 
I) HUGE BANKER SHORT COVERING AS THEY ARE VERY ANXIOUS TO GET OUT OF DODGE!!/. II)WE ALSO HAD  SOME  REDDIT RAPTOR BUYING//.   iii)  A STRONG ISSUANCE OF EXCHANGE FOR PHYSICALS iiii) A HUGE INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 47.535 MILLION OZ FOLLOWED BY TODAY’S 75,000 OZ E.F.P.. JUMP TO LONDON     V) TINY SIZED COMEX OI LOSS.

 I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL: 


THE DIFFERENTIAL FROM PRELIMINARY OI TO FINAL OI SILVER TODAY: CONTRACTS  -235

HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS  DEC 29 ACCUMULATION FOR EFP’S SILVER/JPMORGAN’S HOUSE OF BRIBES/STARTING FROM FIRST DAY/MONTH OF DEC: 

TOTAL CONTACTS for 21 days, total  contracts: 19,247 or …average per day:  916 contracts or 4.58 million oz per day.

TOTAL NO OF OZ UNDERGOING EFP TO LONDON 19,247 CONTRACTS X 5,000 PER CONTRACT:

EQUATES TO: 96.240 MILLION OZ

.

LAST 7 MONTHS TOTAL EFP CONTRACTS ISSUED  IN MILLIONS OF OZ:

MAY 137.83 MILLION

JUNE 149.91 MILLION OZ

JULY 129.445 MILLION OZ

AUGUST: MILLION OZ 140.120 

SEPT. 28.230 MILLION OZ//

OCT:  94.595 MILLION OZ

NOV: 131.925 MILLION OZ 

RESULT: WE HAD A TINY SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 88 WITH OUR 9 CENT GAIN SILVER PRICING AT THE COMEX// MONDAY  THE CME NOTIFIED US THAT WE HAD A  STRONG SIZED EFP ISSUANCE OF  833 CONTRACTS( 833 CONTRACTS ISSUED FOR MAR AND 0 CONTRACTS ISSUED FOR ALL OTHER MONTHS) WHICH  EXITED OUT OF THE SILVER COMEX  TO LONDON  AS FORWARDS    THE DOMINANT FEATURE TODAY:/ AS WELL AS TODAY /HUGE BANKER SHORT COVERING AS THEY GET OUT OF DODGE//// WE HAVE A GOOD INITIAL SILVER OZ STANDING FOR DEC OF 47.535 MILLION OZ FOLLOWED BY TODAY’S 75,000 EFP JUMP TO LONDON .. WE HAD STRONG SIZED GAIN OF 932 OI CONTRACTS ON THE TWO EXCHANGES FOR 3.435 MILLION OZ//

WE HAD 140 NOTICES FILED TODAY FOR 700.000 OZ

GOLD//OUTLINE

IN GOLD, THE COMEX OPEN INTEREST ROSE BY A FAIR SIZED 2371 TO 509,712 , 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: -800  CONTRACTS

.

THE FAIR SIZED INCREASE IN COMEX OI CAME WITH OUR GAIN IN PRICE OF $2.00//COMEX GOLD TRADING/TUESDAY/.AS IN SILVER WE MUST HAVE HAD HUGE BANKER/ALGO SHORT COVERING ACCOMPANYING OUR FAIR SIZED EXCHANGE FOR PHYSICAL ISSUANCE. WE HAD ZERO LIQUIDATION  AS THE TOTAL GAIN ON OUR TWO EXCHANGES TOTALLED A FAIR SIZED 3997 CONTRACTS… 

WE ALSO HAD A HUGE INITIAL STANDING IN GOLD TONNAGE FOR DEC AT 98.000 TONNES, FOLLOWED BY TODAY’S STRONG QUEUE JUMP OF 2100 OZ//, NEW STANDING 111.642 TONNES      

YET ALL OF..THIS HAPPENED WITH OUR GAIN IN PRICE OF $2.00 WITH RESPECT TO TUESDAY’S TRADING

WE HAD  A FAIR SIZED GAIN OF 3197  OI CONTRACTS (9.949 PAPER TONNES) ON OUR TWO EXCHANGES

E.F.P. ISSUANCE

THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALLED A SMALL SIZED 826 CONTRACTS:

FOR FEB 826  ALL OTHER MONTHS ZERO//TOTAL: 826 

The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 509,712.

IN ESSENCE WE HAVE A  FAIR SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO CONTRACTS OF 3197, WITH 2371 CONTRACTS INCREASED AT THE COMEX AND 826 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS  TOTAL OI GAIN ON THE TWO EXCHANGES OF 3997 CONTRACTS OR 12.432 TONNES.

CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES

WE HAD A SMALL SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (826) ACCOMPANYING THE FAIR SIZED GAIN IN COMEX OI (2371): TOTAL GAIN IN THE TWO EXCHANGES 3197 CONTRACTS. WE NO DOUBT HAD 1) HUGE BANKER SHORT COVERING ,2.) HUGE INITIAL STANDING AT THE GOLD COMEX FOR DEC. AT 98.000 TONNES/FOLLOWED BY TODAY’S QUEUE JUMP OF 13,500  OZ TO LONDON////NEW STANDING OF 111.486TONNES//.  3)ZERO LONG LIQUIDATION,4)  FAIR SIZED COMEX OI GAIN 5) SMALL 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

DEC

ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF DEC : 43,696 CONTRACTS OR 4,369,600 oz OR 135.91 TONNES (21 TRADING DAY(S) AND THUS AVERAGING: 2080 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE  SIZE OF THESE EFP TRANSFERS :  THIS MONTH IN 21 TRADING DAY(S) IN  TONNES: 135.91 TONNES

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

THUS EFP TRANSFERS REPRESENTS  135.91/3550 x 100% TONNES  3.83% 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/

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:           312.46 TONNES FINAL ISSUANCE//NEW RECORD!! (INCREASING DRAMATICALLY)//SIGN OF REAL STRESS//SURPASSING THE MARCH 2021 RECORD OF 276.50 TONNES OF EFP

DEC.           135.91 TONNES//INITIAL ISSUANCE// SMALL

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

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

1.Today, we had the open interest at the comex, in SILVER, FELL BY A TINY SIZED 136 CONTRACTS TO 141,246  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 833 CONTRACTS

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

MAR 833  ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE:  833 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON.  IF WE TAKE THE  COMEX OI LOSS OF 136 CONTRACTS AND ADD TO THE 833 OI TRANSFERRED TO LONDON THROUGH EFP’S,

WE OBTAIN A STRONG SIZED GAIN OF 697 OPEN INTEREST CONTRACT FROM OUR TWO EXCHANGES.

THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES 3.435 MILLION  OZ, 

OCCURRED WITH OUR $0.09 GAIN IN PRICE. 

1/COMEX GOLD AND SILVER REPORT

(report Harvey)

2 ) Gold/silver trading overnight Europe,

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

3. ASIAN AFFAIRS

i)WEDNESDAY MORNING TUESDAY  NIGHT

SHANGHAI CLOSED DOWN 33.11 PTS OR  0.91%     //Hang Sang CLOSED DOWN 194.02 PTS OR 0.83% /The Nikkei closed DOWN 162.28 PTS OR 0.58%%     //Australia’s all ordinaires CLOSED UP 1.23% /Chinese yuan (ONSHORE) closed DOWN  6.3695   /Oil DOWN 75.71 dollars per barrel for WTI and UP TO 78.82 for Brent. Stocks in Europe OPENED  ALL RED EXCEPT LONDON   //  ONSHORE YUAN CLOSED  DOWN AT 6.3695 AGAINST THE DOLLAR. OFFSHORE YUAN CLOSED DOWN ON THE DOLLAR AT 6.3728: /ONSHORE YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING WEAKER AGAINST USA DOLLAR/OFFSHORE YUAN TRADING WEAKER AGAINST THE DOLLAR /TRADE DEAL NOW DEAD..TRUMP  RAISED RATES TO 25%

A)NORTH KOREA//USA/OUTLINE

b) REPORT ON JAPAN

OUTLINE

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 FAIR SIZED 2371 CONTRACTS  AND 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 GAIN OF $2.00 IN GOLD PRICING TUESDAY’S COMEX TRADING. WE ALSO HAD A SMALL EFP ISSUANCE (826 CONTRACTS). . 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.

EXCHANGE FOR PHYSICAL ISSUANCE

WE ARE NOW MOVING TO THE  ACTIVE DELIVERY MONTH OF DEC..  THE CME REPORTS THAT THE BANKERS ISSUED A SMALL SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS.,

THAT IS 826 EFP CONTRACTS WERE ISSUED:  ;: ,  DEC  :  0  & FEB. 826 & ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE:  826 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 FAIR SIZED 3997  TOTAL CONTRACTS IN THAT 826 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE HAD A FAIR GAIN  COMEX OI OF 3171  CONTRACTS..

// WE HAVE A STRONG AMOUNT OF GOLD TONNAGE STANDING FOR DEC   (111.642),

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

NOV.  8.074 TONNES

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- NOV): 488.996 TONNES

THE BANKERS WERE UNSUCCESSFUL IN LOWERING GOLD’S PRICE  //// (IT ROSE $2.00)

AND THEY WERE  UNSUCCESSFUL IN FLEECING ANY  LONGS AS THE TOTAL GAIN ON THE TWO EXCHANGES REGISTERED 12.432 TONNES, ACCOMPANYING OUR HUGE GOLD TONNAGE STANDING FOR DEC (111.642 TONNES)…

WE HAD – 800 CONTRACTS REMOVED FROM COMEX TRADES. THESE WERE REMOVED AFTER TRADING ENDED LAST NIGHT

NET GAIN ON THE TWO EXCHANGES 3197 CONTRACTS OR 319,700 OZ OR 3.435 TONNES

Estimated gold volume today: 136,851 extremely poor

Confirmed volume on Friday: 104,515 contracts extremely poor

INITIAL STANDINGS FOR DEC COMEX GOLD DEC 29

2021 INITIAL STANDINGS FOR DEC COMEX GOLD

GoldOunces
Withdrawals from Dealers Inventory in oznil oz
Withdrawals from Customer Inventory in oz NIL oz
                                                                                                                            
Deposit to the Dealer Inventory in oznilOZ            
Deposits to the Customer Inventory, in oz      nil                                                
No of oz served (contracts) today65  notice(s)6500 OZ.2021 TONNES
No of oz to be served (notices)10 contracts  1000 oz 0.0311 TONNES  
Total monthly oz gold served (contracts) so far this month35883 notices 3,588,300 OZ111.611 TONNES  
Total accumulative withdrawals of gold from the Dealers inventory this monthNIL oz
Total accumulative withdrawal of gold from the Customer inventory this monthxxx oz

DEC 29 COMEX INVENTORY MOVEMENTS//AMOUNTS STANDING

For today:

No dealer deposit 0

No dealer withdrawal 0

No customer deposit 0

zero customer withdrawal

ADJUSTMENTS 2 dealer to customer:

i) from Loomis:  5208.462 oz (162 kilobars)

ii) from Brinks:  64,525.05 oz (2007 kilobars)  

CALCULATIONS FOR THE AMOUNT OF GOLD STANDING FOR DECEMBER.

For the front month of DECEMBER we have an oi of 75 stand for December. for a LOSS  of 51 contracts.  We had 72 notices filed on TUESDAY so we GAINED A STRONG 21  contracts or an additional 2,100 oz will stand for delivery in this very active delivery month of December as our bankers search out for badly needed physical gold over on this side of the pond.    

JANUARY LOST 170 CONTRACTS TO STAND AT 1215

FEBRUARY GAINED 1442 CONTRACTS TO 382,787

We had 65 notice(s) filed today for 6500  oz FOR THE DEC 2021 CONTRACT MONTH


Today, 0 notice(s) were issued from J.P.Morgan dealer account and 0 notices were issued from their client or customer account. The total of all issuance by all participants equates to 65  contract(s) of which 0  notices were stopped (received) by j.P. Morgan dealer and  8 notice(s) was (were) stopped/ Received) by J.P.Morgan//customer account and 0  notice(s) received (stopped) by the squid  (Goldman Sachs)

To calculate the INITIAL total number of gold ounces standing for the DEC /2021. contract month, 

we take the total number of notices filed so far for the month (35,883) x 100 oz , to which we add the difference between the open interest for the front month of  (DEC: 75 CONTRACTS ) minus the number of notices served upon today  65 x 100 oz per contract equals 3,589,300 OZ  OR 111.642 TONNES the number of TONNES standing in this active month of DEC.  

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

No of notices filed so far (35,883) x 100 oz+   (75)  OI for the front month minus the number of notices served upon today (65} x 100 oz} which equals 3,589,300 oz standing OR 111.642 TONNES in this  active delivery month of DEC. 

This is a huge delivery for December.

We GAINED 21 contracts or an additional 2100 oz WILL STAND FOR GOLD OVER HERE 

TOTAL COMEX GOLD STANDING:  111.642 TONNES 

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

COMEX GOLD INVENTORIES/CLASSIFICATION

NEW PLEDGED GOLD:

206,468.649, oz NOW PLEDGED /HSBC  6.42 TONNES

174,041.813 PLEDGED  MANFRA 5.41 TONNES

54,339.114oz PLEDGED JPMorgan no 1  1.690

288,481,604, oz  JPM No 2  8.97 TONNES

698,821.330 oz pledged June 12/2020 Brinks/27,96 TONNES

12,244.444 oz International Delaware:  0..3808 tonne

Loomis: 18,615.429 oz

total pledged gold:  1,653,017.372oz                                     51.42 tonnes

TOTAL REGISTERED AND ELIZ GOLD AT THE COMEX: 33,844.673.974 OZ (1052.711 TONNES)

TOTAL ELIGIBLE GOLD: 16,165,080.270 OZ

TOTAL OF ALL REGISTERED GOLD: 17,679,593.104 OZ  (549.909 tonnes)

REGISTERED GOLD THAT CAN BE SERVED UPON: 16,026,574,0 OZ (REG GOLD- PLEDGED GOLD)  498.49 tonnnes

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

SILVER COMEX DEC 28/2021

And now for the wild silver comex results

And now for the wild silver comex results

INITIAL STANDING FOR SILVER//DEC

SilverOunces
Withdrawals from Dealers InventoryNIL oz
Withdrawals from Customer Inventory547,568.67  oz BrinksDelawareHSBC
                                                                                                                       
Deposits to the Dealer InventorynilOZ                   
Deposits to the Customer Inventorynil oz                                                                                   
No of oz served today (contracts)140 CONTRACT(S)700,000  OZ) 
No of oz to be served (notices)3 contracts (15,000 oz)
Total monthly oz silver served (contracts)9159 contracts 45,795,000 oz)
Total accumulative withdrawal of silver from the Dealers inventory this monthNIL oz
Total accumulative withdrawal of silver from the Customer inventory this month

we had 0 deposits into the dealer

total dealer deposits:  nil       oz

i) We had 0 dealer withdrawal

total dealer withdrawals: nil oz

We had 0 deposit to the customer account:

JPMorgan has a total silver weight: 184.663 million oz/355.754 million =51.89% of comex 

ii) Comex withdrawals:

a) Delaware  1000.900 oz

b) CNT:  991.500 oz

c) HSBC:  545m576.270 oz

total withdrawal  547,568.67 oz

we had one adjustment: customer to dealer CNT:  19,640.200 oz

we had 2 adjustments dealer to customer: Brinks  1,524,800.890

and the 2nd: Loomis:  2,373,654.683 oz

the silver comex is in stress!

TOTAL REGISTERED SILVER: 89.102 MILLION OZ

TOTAL REG + ELIG. 355.714 MILLION OZ

TOTAL NO OF CONTRACTS SERVED UPON THIS MONTH: 9019 CONTRACTS FOR 45,095,000 OZ

CALCULATION OF SILVER OZ STANDING FOR DECEMBER

For the front month of DECEMBER we have an amount of silver standing AT 143 CONTRACTS for a LOSS of 16 contracts. We had 1 notice filed on TUESDAY, so we LOST 15  contracts  or an additional 75,000 oz will NOT  stand for delivery in this very active delivery month of December. There is surely no silver on either side of the pond.   

JANUARY LOST 133 CONTRACTS TO STAND AT 2287

FEBRUARY GAINED 34 CONTRACTS TO STAND AT 210  

NUMBER OF NOTICES FILED TODAY: 140 NOTICES OR 700,000 OZ

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silver open interest data:

Total oi for the silver complex: 141,491 contracts GAINING 99 contracts on the day

FRONT MONTH OF DEC OI: 143 CONTRACTS LOSING 16 contracts on the day.

TOTAL NO OF CONTRACTS SERVED UPON THIS MONTH: 9159 CONTRACTS FOR 45,795,000 OZ

Comex volumes: 39,330 poor (est. today)

Comex volume: confirmed Monday: 44,305 contracts (poor)

To calculate the number of silver ounces that will stand for delivery in DEC. we take the total number of notices filed for the month so far at  9159 x 5,000 oz =. 45,795,000 oz 

to which we add the difference between the open interest for the front month of DEC (143) and the number of notices served upon today 140 x (5000 oz) equals the number of ounces standing.

Thus the  standings for silver for the DEC./2021 contract month: 9159 (notices served so far) x 5000 oz + OI for front month of DEC (143)  – number of notices served upon today (140) x 5000 oz of silver standing for the DEC contract month equates 45,810,000 oz. .

WE LOST 15 CONTRACTS OR AN ADDITIONAL 75,000 OZ WILL NOT  STAND FOR DELIVERY

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

GLD AND SLV INVENTORY LEVELS:

GLD

DEC 29/WITH GOLD DOWN $5.00 TODAY:HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 2.03 TONNES OF GOLD INTO THE GLD////INVENTORY RESTS AT 975.66 TONNES

DEC 28/WITH GOLD UP $2.00 TODAY; NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 973.63 TONNES 

DEC 27/WITH GOLD DOWN $2.05: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 973.63 TONNES.

DEC 23/WITH GOLD UP $9.85 TODAY//A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 4.94 TONNES FROM THE GLD/// INVENTORY RESTS AT 973.63 TONNES

DEC 22/WITH GOLD UP $12.85 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 978.57 TONNES

DEC 21/WITH GOLD DOWN $7.05 TODAY, NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 978.57 TONNES

DEC 20/WITH GOLD DOWN $9.65 TODAY; A BIG CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 1.37 TONNES INTO THE GLD///INVENTORY RESTS AT 977.20 TONNES

DEC 17/WITH GOLD UP $7.05 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 977.20 TONNES

DEC 16/WITH GOLD UP $33.05TODAY; A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 3.4 TONNES FROM THE GLD////INVENTORY REST AT: 977.20 TONNES

DEC15/WITH GOLD DOWN $7.80 TODAY/ A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 2.04 TONNES FROM THE GLD////INVENTORY RESTS AT 980.60 TONNES.

DEC 14/WITH GOLD DOWN $18.00 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 982.64 TONNES

DEC 13/WITH GOLD UP $3.20 TODAY/NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 982.64 TONNES

DEC 10.WITH GOLD UP $7.30 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 982.64 TONNES

DEC 9/WITH GOLD DOWN $9.10 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 982.64.

DEC 8/WITH GOLD UP $5.50 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 984.38 TONNES

DEC 7/WITH GOLD UP $5.15 TODAY; A HUGE  CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.74 TONNES OF GOLD FROM THE GLD////INVENTORY RESTS AT 984.38 TONNES

DEC 6/WITH GOLD DOWN $3.90 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 986.17 TONNES//

DEC 3/WITH GOLD UP $20.35 TODAY; A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 3.85 TONNES FROM THE GLD///INVENTORY RESTS AT 986.17 TONNES

DEC 2/WITH GOLD DOWN $19.80 TODAY; A HUGE  CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 2.83 TONNES FROM THE GLD///INVENTORY RESTS AT 990.82 TONNES

DEC 1/WITH GOLD UP $7.05 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 992.85 TONNES

NOV 30/WITH GOLD DOWN $8.70 TODAY; NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESS AT 992.85 TONNES.

XXXXXXXXXXXXXXXXXXXXXXXXX

Inventory rests tonight at:

DEC 28/ GLD INVENTORY 975.66 tonnes

SLV

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

DEC 29/WITH SILVER DOWN 22 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 537.681 MILLION OZ/

DEC 28/WITH SILVER UP 9 CENTS TODAY; A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 2.682 MILLION OZ FROM THE SLV//INVENTORY RESTS AT 537.681 MILLION OZ//

DEC 27/WITH SILVER UP 6 CENTS TODAY NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 537.681

DEC 23/WITH SILVER UP 19 CENTS TODAY:A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1.202 MILLION OZ FROM THE SLV///INVENTORY RESTS AT 537.681 MILLION OZ//

DEC 22/WITH SILVER UP 29 CENTS TODAY; A HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1.202 MILLION OZ FROM THE SLV////INVENTORY RESTS AT 538.883 MILLION OZ/

DEC 21/WITH SILVER UP 19 CENTS: A BIG CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 2.728 MILLION OZ INTO THE SLV///INVENTORY RESTS AT 540.085 MILLION OZ

DEC 20/WITH SILVER DOWN 22 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 538.282 MILLION OZ

DEC 17/WITH SILVER UP 9 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 538.282 MILLION OZ//

DEC 16/WITH SILVER UP 91 CENTS TODAY; A HUGE CHANGE IN SILVER INVENTORY AT THE SLV// A WITHDRAWAL OF 3.33 MILLION OZ FROM THE SLV//INVENTORY REST AT 538.282 MILLION OZ

DEC  15WITH SILVER DOWN 38 CENTS TODAY; A HUGE CHANGE IN SILVER INVENTORY AT THE SLV/: A WITHDRAWAL OF 2.48 MILLION OZ FROM THE SLV///INVENTORY RESTS AT 541.612 MILLION OZ

DEC 14/WITH SILVER DOWN 38 CENTS TODAY; NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 543.092 MILLION OZ

DEC 13/WITH SILVER UP 11 CENTS TODAY; A HUGE CHANGES IN SILVER INVENTORY AT THE SLV:A WITHDRAWAL OF 3.561 MILLION OZ FROM THE SLV//INVENTORY RESTS AT 543.092 MILLION OZ//

DEC 10.WITH SILVER UP 19 CENTS TODAY; NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 546.653 MILLION OZ..

DEC 9/WITH SILVER DOWN 43 CENTS TODAY; A HUGE CHANGE IN SILVER INVENTORY AT THE SLV// A DEPOSIT OF 2.96 MILLION OZ INTO THE SLV///INVENTORY RESTS AT 546.653 MILLION OZ/

DEC 8/WITH SILVER DOWN 7 CENTS TODAY; NO CHANGE IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 543.693 MILLION OZ///

DEC 7/WITH SILVER UP 24 CENTS TODAY: NO CHANGE IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 543.693 MILLION OZ..

DEC 6/WITH SILVER DOWN 25 CENTS TODAY; A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1.110 MILLION OZ FROM THE SLV///INVENTORY RESTS AT 543.693 MILLION OZ//

DEC 3/WITH SILVER UP 21  CENTS TODAY; A BIG CHANGE IN SILVER INVENTORY AT THE SLV:A WITHDRAWAL OF 3.199 MILLION OZ FROM THE SLV////INVENTORY RESTS AT 544.803 MILLION OZ//

DEC 2/WITH SILVER DOWN 6 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 548.002 MILLION OZ.

DECM 1/WITH SILVER DOWN 44 CENTS TODAY: A SMALL CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 740,000 OZ FROM THE SLV////INVENTORY RESTS AT 548.002 MILLION OZ//

NOV 30/WITH SILVER DOWN 3 CENTS TODAY; A SMALL CHANGES IN SILVER INVENTORY AT THE SLV// A WITHDRAWAL OF .555 MILLION OZ FORM THE SLV//INVENTORY RESTS AT 548.742 MILLION OZ///

CLOSING INVENTORY:  537.681 MILLION OZ//

PHYSICAL GOLD/SILVER STORIES

PETER SCHIFF

Inflation Is Eating Up Your Paycheck: Real Incomes Fall For Fourth Straight Month

WEDNESDAY, DEC 29, 2021 – 02:04 PM

Via SchiffGold.com,

I’ve got good news and bad news.

The good news is you probably put a little more money in your pocket in November.

The bad news is inflation ate up all your income gains and then some.

Real personal incomes fell 0.2% in November despite a healthy gain in nominal income.

Personal income from all sources, including wages, salaries, interest dividends, rental income, unemployment, Social Security, etc. rose by 0.4% in November. Year on year, personal income is up a healthy 7.4%, according to the latest data from the Bureau of Economic Analysis today. (Keep in mind a chunk of this yearly gain came from government stimulus.)

But when you adjust for the worst inflation in 40 years, real income actually fell last month. That means you have more dollars, but you can’t buy as much with them. It was the fourth straight monthly decline in real income. Compared to a year ago, real income from all sources was up by only 1.6%.

Pulling out all of the government money, compensation from wages and salaries in November rose by 0.5% for the month. That’s good, right?

But when adjusted for inflation, total compensation fell by 0.2% in November.

On a household basis, things get even worse. Household wages and salaries were only up 0.1% month-on-month. Inflation-adjusted, household wages and salaries tanked by 0.6%. Year-over-year, household wages and salaries are down 0.2% and they fell by a whopping 1.4% from two years ago.

As WolfStreet explains, “Inflation whittled down the purchasing power of labor; and the rising number of households feeding on this inflation-diminished income pie then whittled down the size of the average slice to where it is now below where it was two years ago, and it’s below where it was nearly three years ago.”

And the reality is even worse. These numbers are based on a government-rigged Consumer Price Index. Using an honest CPI, total real income is down somewhere in the neighborhood of 7.6%.

In a nutshell, Americans can’t seem to outrun the inflation dragon.

Economists and pundits talk about inflation as an academic exercise. They rarely reflect on the fact that rising prices have real impacts on real people. And if you happen to be somebody living on a fixed income or savings, you’re really screwed as inflation is rapidly eating away your purchasing power and your income streams aren’t increasing at all. Inflation always causes the most pain for the poor and elderly.

Many pundits in the mainstream blow off inflation by pointing out that wages rise along with prices. But as this data shows, wages rarely rise at the same pace as prices. That means inflation puts a significant squeeze on the pocketbook, at least in the short term.

end

LAWRIE WILLIAM//,//Egon von Greyerz///Matthew Piepenburg via GoldSwitzerland.com,James  RICKARDS

END

Important gold commentaries courtesy of GATA/Chris Powell

OTHER GOLD COMMENTARIES:

OTHER COMMODITIES/LUMBER

END 

CRYPTOCURRENCIES/

END

Your early  currency/gold and silver pricing/Asian and European bourse movements/ and interest rate settings WEDNESDAY morning 7:30 AM

ONSHORE YUAN: 6.3695

OFFSHORE YUAN: 6.3718

HANG SANG CLOSED DOWN 194.02 PTS OR 0.83%

2. Nikkei closed DOWN 162.28 PTS OR 0.83% 

3. Europe stocks  ALL RED EXCEPT LONDON 

USA dollar INDEX DOWN TO  96;19/Euro FALLS TO 1.1310-

3b Japan 10 YR bond yield: FALLS TO. +.060/ !!!!(Japan buying 100% of bond issuance)/Japanese yen vs usa cross now at 115.00/ 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  ABOVE 17,000

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

3e WTI:: 75.71 and Brent: 78.82-

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

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

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

3h Oil 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 -.0.212%/Italian 10 Yr bond yield RISES to 1.13% /SPAIN 10 YR BOND YIELD RISES TO 0.53%…ITALIAN 10 YR BOND YIELD/GERMAN BUND: 1.34: DANGEROUS FOR THE ITALIAN BANKING SYSTEM

3j Greek 10 year bond yield FALLS TO : 1.33

3k Gold at $1792.65 silver at: 22.68   7 am est) SILVER NEXT RESISTANCE LEVEL AT $30.00

3l USA vs Russian rouble; (Russian rouble DOWN 36/100 in roubles/dollar) 73.96

3m oil into the 75 dollar handle for WTI and 78 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 115.00 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 .9177 as the Swiss Franc is still rising against most currencies. Euro vs SF 1.0381 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.

USA 10 YR BOND YIELD: 1.518 UP 3 BASIS PTS

USA 30 YR BOND YIELD: 1.938 UP 3 BASIS PTS

USA DOLLAR VS TURKISH LIRA: 12.57

Futures Resume Levitation, Push On To New All Time Highs

 WEDNESDAY, DEC 29, 2021 – 08:11 AM

One day after a brief interruption in the Santa rally, as US stocks fell for the first time in five days amid a rotation out of megacap tech shares, futures have resumed their upward climb as investors brushed aside rapidly shifting fears about the economic implications of the omicron coronavirus outbreak. Treasury yields ticked higher along with the dollar. Bitcoin continued its recent tax-loss related selling which pushed it back under $47,000. As of 730am ET, emini S&P futures were up 2 points or 0.04%, fading an earlier gain which pushed ES up to 4,790, while Dow Jones futures were flat and Nasdaq futures were up 0.16%.

Tesla gained more than 2% in pre-market trading after Elon Musk sold a further $1.02 billion off shares, taking him that much closer to his target of reducing his stake in the electric-car maker by 10%. Other notable premarket movers include:

  • Shares in Apple (AAPL US) rise 0.2% in premarket trading after it closed lower on Tuesday after a four-day rally that put it within striking distance of a historic $3 trillion market value
  • Calix (CALX US) climbed 8.9% in extended trading on news the software company will join the S&P Midcap 400 Index before trading opens on Jan. 4
  • Chembio Diagnostics (CEMI US) sank 22% postmarket after saying the FDA declined to review the company’s application for an emergency use authorization (EUA) for its DPP Respiratory Antigen Panel — a test for coronavirus and influenza
  • Cal-Maine Foods Inc. (CALM US) fell 7.1% in after- hours trading as the egg producer posted 2Q profit that missed the average analyst estimate

Shares slipped in Japan, technology stocks drove a retreat in Hong Kong and China slid (more below). Sentiment in China is being sapped by Beijing’s tightening oversight of overseas share sales and economic risks from a property slowdown. Authorities are expected to add stimulus next year to steady expansion.

In the latest Omicron news, two years after reports of the mysterious disease first emerged in Wuhan, the pandemic shows no signs of abating, with the omicron variant pushing worldwide Covid-19 cases above 1 million for a second straight day. The Netherlands will require travelers arriving from the U.S. to self-quarantine for up to ten days. Rapid tests that are widely used to detect infections may miss some omicron cases, according to the U.S. Food and Drug Administration. Covid hospitalizations are spiking from New South Wales to New York state, pressuring health systems. Overall, however, omicron appears to be triggering a lower rate of hospitalizations. In China’s Xi’an, an outbreak eased after residents were asked to stay indoors and driving was banned.

“Although omicron cases in the U.S. and Europe amongst others, continue to surge, it has yet to make its presence felt negatively in economic data,” Jeffrey Halley, a senior market analyst at Oanda, said in a note. “With market activity much reduced for the holiday season, investors continue to tentatively price in a global recovery hitting a minor bump, and not a pothole.”

As Bloomberg notes, investors are rounding out the year by booking profits after a 17% jump in global equities. The coronavirus, Federal Reserve policy tightening and China’s outlook are cited among the key risks for 2022. Omicron fears are easing on growing evidence that the fast-spreading strain leads to milder symptoms. Still volatility remains with the Nasdaq now swinging more than 2.5% per week for 5 consecutive weeks, the longest stretch in a decade.

“We’re sober about potential headwinds that still could be coming, even the rest of this year, but early in 2022 — the Fed is going to be raising rates, that will change things for the markets,” Ann Miletti, head of active equity at Allspring Global Investments, said on Bloomberg Television. “We are also hopeful because as you look at a lot of the economic data, it remains strong.”

In Europe, the Stoxx Europe 600 index hit a new all-time high record before retreating, with retailers outperforming. The FTSE 100 Index climbed to its highest level since February 2020 as U.K. markets reopened after Christmas, catching up to European market gains, with the FTSE 100 Index rising to the highest level since February 2020. The FTSE 100 Index was up as much as 1% with Rolls-Royce the best performer with a 3% gain; the FTSE 250 Index gained as much as 1.3%; Darktrace jumps 5.1%. Technology shares declined, following the sector’s retreat in the U.S. and Asia. Volumes remained thin into the end of the year in some markets.

Earlier in the session, Asian stocks fell, led by losses in Chinese shares, amid an extended global selloff in technology giants. The MSCI Asia Pacific Index slid as much as 0.5%, with Samsung Electronics, Alibaba and Tencent among the biggest drags. China’s CSI 300 was the worst-performing major gauge in the region, losing 1.5%.

“There’s not much news, but the drop in Chinese shares has worsened the mood a bit,” said Tetsuo Seshimo, a fund manager at Saison Asset Management. “It’s almost strange how equity markets have been rising despite this sense of anticipated cutbacks in monetary easing by Europe and the U.S., so you’re seeing stocks correct recent gains.” U.S. stocks fell for the first time in five days amid a rotation out of megacap tech shares. While some traders saw a chance to take profits after the S&P 500 posted its 69th record-high close for 2021 on Monday, the market also remains wary over record numbers of daily Covid-19 cases. “I think the most pressing issue is omicron and whether or not surging case numbers lead to a pick-up in hospitalizations and fatalities in coming weeks,” said Kyle Rodda, a market analyst at IG Markets. “That could pull the rug from under the market, especially as trading conditions return to normal from next week onwards.” 

Japanese equities also slid as investors sold technology shares, mirroring moves in the U.S. market overnight. Electronics makers were the biggest drag on the Topix, which fell 0.3%. Tokyo Electron and Fast Retailing were the largest contributors to a 0.6% loss in the Nikkei 225.

India’s key stock gauges likewise fell after a two-day advance, led by declines in lenders. Dr. Reddy’s Laboratories and Sun Pharmaceutical rose after the government approved more vaccines and treatments to curb the spread of coronavirus.  The S&P BSE Sensex fell 0.2% to 57,806.49 in Mumbai, after swinging between gains and losses ahead of the expiry of monthly derivative contracts on Thursday. The NSE Nifty 50 Index slipped 0.1%. Twelve of the 19 sector sub-gauges compiled by BSE Ltd. fell, led by a measure of metals companies.   The government on Tuesday granted approval for restricted emergency use of two new vaccines and the anti-viral drug Molnupiravir, to be manufactured by local firms including Dr. Reddy’s. India recorded 9,195 new Covid-19 cases, according to the latest data release on Wednesday. The daily count surged from 6,358 on Tuesday. Rising infections have prompted some Indian states to impose curbs on public gatherings, with New Delhi ordering closures of cinemas, schools and gyms.  HDFC Bank contributed the most to the Sensex’s decline, falling 0.5%. Out of 30 shares in the benchmark, 18 fell and 12 rose.

In rates, Treasuries slipped in light trading as equity futures hold near Tuesday’s record high, with the year’s last auction – a sale of $56 billion in 7-year paper due at 1pm ET, in low-volume trading typical of the last week of the year. Yields are higher cheaper by 1bp-2bp in 10- to 30-year sectors with front-end and belly yields little changed; 30-year at 1.917% is above its above its 50-DMA, breached Tuesday for first time since late November. Monday’s 2-year and Tuesday’s 5-year auctions tailed slightly, though both have since improved and sported solid internals. The WI 7Y yield ~1.42% is between last two auction stops and ~16bp richer than last month’s. Euro-area sovereign bonds were mixed, with German bunds fluctuating. Japanese government bonds gained as concern over the coronavirus omicron strain supports demand for haven assets.

In FX, a gauge of the U.S. dollar rose for a third day, sending the Japanese yen sliding past 115/USD for the first time in a month. The Turkish lira resumed its collapse, dropping as much as 5% against the dollar, extending this week’s loss to 15% with the nation’s 10-year government bond yield standing at an all-time high. Turkey’s central bank will prioritize the promotion of lira deposits next year after President Recep Tayyip Erdogan announced controversial new steps to curb the currency’s depreciation. Meanwhile, China’s overnight interbank borrowing rates plummet to the lowest level in 11 months after the central bank injected more liquidity into the financial system.

In commodities, crude oil hovered near a one-month high, partly on bets that the global recovery can ride out omicron. Iron ore futures in Singapore and China declined for a third day. Bitcoin stayed below $48,000 after a tumble that hinted at diminished ardor for the most speculative assets; the cryptocurrency remains on course for its biggest monthly drop since the cryptocurrency rout in May.

Market Snapshot

  • S&P 500 futures up 0.2% to 4,788.25
  • STOXX Europe 600 up 0.2% to 489.63
  • MXAP down 0.4% to 192.40
  • MXAPJ down 0.3% to 625.02
  • Nikkei down 0.6% to 28,906.88
  • Topix down 0.3% to 1,998.99
  • Hang Seng Index down 0.8% to 23,086.54
  • Shanghai Composite down 0.9% to 3,597.00
  • Sensex little changed at 57,920.29
  • Australia S&P/ASX 200 up 1.2% to 7,509.81
  • Kospi down 0.9% to 2,993.29
  • Brent Futures little changed at $78.95/bbl
  • Gold spot down 0.1% to $1,803.78
  • U.S. Dollar Index up 0.17% to 96.37
  • German 10Y yield little changed at -0.23%
  • Euro down 0.3% to $1.1279

Top Overnight News from Bloomberg

  • Investors are primed for the dollar to climb next year. But the juiciest trades may be over even before 2021 ends
  • The Bloomberg Dollar Index is racing toward its best annual gain in six years and hedge funds’ net long bets on the currency have climbed to the highest since June 2019 as traders have been front-running a hawkish Federal Reserve
  • European equities climbed toward a record in thin holiday trading as investors bet that the economic recovery can withstand the impact of the omicron variant
  • Bitcoin edged higher after a steep decline in choppy year-end trading, but it’s still on course for its biggest monthly drop since the cryptocurrency rout in May
  • U.K. households are heading into the “year of the squeeze” as surging energy bills and faster inflation eat into incomes, according to the Resolution Foundation think tank

US Event Calendar

  • 8:30am: Nov. Advance Goods Trade Balance, est. -$88.1b, prior – $82.9b
  • 8:30am: Nov. Retail Inventories MoM, est. 0.5%, prior 0.1%; Wholesale Inventories MoM, est. 1.5%, prior 2.3%
  • 10am: Nov. Pending Home Sales YoY, prior -4.7%; Pending Home Sales (MoM), est. 0.8%, prior 7.5%

3. ASIAN AFFAIRS

i)WEDNESDAY MORNING TUESDAY  NIGHT

SHANGHAI CLOSED DOWN 33.11 PTS OR  0.91%     //Hang Sang CLOSED DOWN 194.02 PTS OR 0.83% /The Nikkei closed DOWN 162.28 PTS OR 0.58%%     //Australia’s all ordinaires CLOSED UP 1.23% /Chinese yuan (ONSHORE) closed DOWN  6.3695   /Oil DOWN 75.71 dollars per barrel for WTI and UP TO 78.82 for Brent. Stocks in Europe OPENED  ALL RED EXCEPT LONDON   //  ONSHORE YUAN CLOSED  DOWN AT 6.3695 AGAINST THE DOLLAR. OFFSHORE YUAN CLOSED DOWN ON THE DOLLAR AT 6.3728: /ONSHORE YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING WEAKER AGAINST USA DOLLAR/OFFSHORE YUAN TRADING WEAKER AGAINST THE DOLLAR /TRADE DEAL NOW DEAD..TRUMP  RAISED RATES TO 25%

3 a./NORTH KOREA/ SOUTH KOREA

///SOUTH KOREA

END

3B JAPAN

end

3c CHINA

China cannot have discontent among its citizens.  This is why they ae panic hoarding half of the world’s grain supply.(zerohedge)

China Panic-Hoards Half Of World’s Grain Supply Amid Threats Of Collapse

TUESDAY, DEC 28, 2021 – 04:44 PM

About two and a half years ago, we told readers China was panic hoarding food, which was several months before the virus pandemic began to spread worldwide; Beijing has managed to stockpile more than half of the world’s maize and other grains that have resulted in rapid food inflation and triggered famine in some countries. 

In August 2019, we asked the question: 

Does China believe that we are on the verge of a major global crisis? The communist Chinese government has always been very big into planning, and it appears that they have decided that now is the time to hoard food, gold and other commodities.

Fast forward today, the answer is most likely “yes.” China maintains “historically high levels” of beans and grains stockpiled at COFCO Group’s (a major Chinese state-owned food processor) 310 storage facilities in the northeastern part of the country, according to Nikkei Asia

Qin Yuyun, head of grain reserves at the National Food and Strategic Reserves Administration, told reporters last month, “our wheat stockpiles can meet the demand for one and a half years. There is no problem whatsoever about the supply of food.”

Data from the U.S. Department of Agriculture shows China has approximately 69% of the globe’s maize reserves in the first half of the crop year 2022, 60% of its rice, and 51% of its wheat.

Since the Chinese plan multiple years out, we’ve pointed out how a series of disasters and weather events have likely led state officials to forecast a troublesome period of food shortages. China has already observed droughts, floods, and pests that have ruined harvests. More than 20 months of snarled supply chains due to COVID and La Nina weather patterns (second consecutive one) have also produced volatile conditions for food production. 

The one thing Beijing cannot have is discontent among its citizens triggered by food shortages and or soaring prices; that’s why central planners spent $98.1 billion importing food in 2020, up 4.6 times from a decade earlier, according to the General Administration of Customs of China. For the first eight months of this year, China imported more food than in 2016. 

“Over the past five years, China’s soybean, maize and wheat imports soared two- to twelvefold on aggressive purchases from the U.S., Brazil and other supplier nations. Imports of beef, pork, dairy and fruit jumped two- to fivefold,” Nikkei Asia said. 

China’s acquisition of the world’s food supply has helped push food prices to decade highs. The U.N. Food and Agriculture Organization estimated the food price index is currently at a ten-year high

The Ministry of Commerce has even told households to stock up on food in case of emergencies, all under the guise of the virus pandemic. 

Meanwhile, Chinese state media has downplayed the notion China is headed for a food crisis. Chinese President Xi Jinping must keep food supply and prices in order to ensure food security; otherwise, discontent among citizens will increase in the world’s second-largest economy. 

Nikkei Asia concludes by saying, “throughout history, food shortages have triggered popular unrest. They served as a contributing factor to uprisings that toppled Chinese dynasties.”

So without a doubt, Beijing has been stockpiling food to avoid a collapse as central bankers have yet to figure out how to print food from thin air. But don’t worry, as the global food situation worsens, we’re all likely going to be forced to eat crickets, worms, and grasshoppers

end

CHINA/UGANDA

This has been part of China’s strategy for quite some time: loan money to third world countries and then seize their critical assets.  Today’s it is Uganda’s main airport

(zerohedge)

Uganda’s Main Airport Becomes Latest Target For China’s “Debt Diplomacy”

 WEDNESDAY, DEC 29, 2021 – 02:45 AM

During the height of the Trump era trade war with China, Vice President Mike Pence accused Beijing of waging “economic warfare” in a stirring speech that broke down how the CCP uses a tactic Pence termed “debt diplomacy” to pressure developing nations to submit to Beijing’s influence, WSJ reports.

One notable example is the Sri Lankan government’s effective surrender of one of its biggest ports to the Chinese government. The takeover drew the attention of American journalists, including reporters for the NYT, who provided extensive coverage of how Beijing used its Belt and Road Initiative to seize control of strategic assets belonging to other developing nations.

If anything, the process has only accelerated in the years since that NYT story was written. Now, Uganda’s only international airport, the Entebbe International Airport, is at risk of being lost to Chinese creditors thanks to a poorly understood clause in a contract approved by the country’s leaders a few years back. It granted a Chinese firm $200M to perform renovations on the airport. But thanks to this fine print that nobody apparently looked at, China might wind up with a major score by gaining effective control of the airport.

Of course, Uganda is hardly alone. Kenya and Ethiopia have also expressed regrets about Chinese-built railroads being extremely overpriced.

Here’s how the deal worked:

Under the plan, Export-Import Bank of China would lend the money to Uganda, which would pay Beijing-based China Communications Construction to build new passenger and cargo complexes, plus fix two runways and associated taxiways.

These renovations are about 75% complete and link the airport to a separate Chinese financed-and-built highway to Uganda’s capital, Kampala. In that era, a proposal for the loan, the project would be split into two phases with borrowing of $200M and $125M at a 2% interest rate and with a 27-year payback period.

It all adds up to a total outlay of $417.91M.

A reference in the 17-page proposal (which isn’t publicly available) shows there’s at least $17M in an escrow arrangement, which is in itself unusual because beu

In response to the torrent of criticism, Beijing insisted that if it had wanted to take the airport, it wouldn’t have suspended debt repayment for various loans in 2020 and 2021 and simply allowed borrowers to default.

The episode has been an imposition for the US on behalf of longtime president, Yoweri Museveni, who had already been criticized as being too cozy with Chinese leaders and for pivoting from $3.5 billion in World Bank debt relief a decade ago to a borrowing spree nearing $11 billion, almost all of it from China.

END

4/EUROPEAN AFFAIRS

UK/COVID

The professor is 100% correct: the COVID 19 will morph into the common cold

(Zhang/EpochTimes)

COVID-19 Will Become “Just Another Cause Of Common Cold”: UK Professor

 WEDNESDAY, DEC 29, 2021 – 06:30 AM

Authored by Alexander Zhang via The Epoch Times,

COVID-19 will become “just another cause of the common cold” and people who test positive will have to be allowed to go about their normal lives as they would do with any other cold, a British medical professor has said.

Paul Hunter, professor in medicine at the University of East Anglia, told BBC Breakfast on Dec. 28:

“COVID is only one virus of a family of coronaviruses, and the other coronaviruses throw off new variants typically every year or so, and that’s almost certainly what’s going to happen with COVID—it will become effectively just another cause of the common cold.

Hunter said that, at some point, the daily reporting of COVID-19 case numbers will no longer be warranted.

“We’re not going to be doing daily reporting on cases of the different causes of the common cold going forward, of which COVID is one,” he said, adding that restrictions could be scaled back once the Omicron variant has been dealt with, possibly after Easter.

Hunter said:

“We’re going to have to let people who are positive go about their normal lives as they would do with any other cold.”

He said the self-isolation rules will have to be relaxed at some point, because “this is a disease that’s not going away.”

UK Health Secretary Sajid Javid confirmed on Dec. 27 that no further CCP (Chinese Communist Party) virus restrictions will be introduced in England, at least before the new year.

Environment Secretary George Eustice said on Dec. 28 that, though infection rates from the new Omicron variant are rising, there was evidence it was not resulting in the same level of hospital admissions as previous waves.

“There is early encouragement from what we know in South Africa that you have fewer hospitalisations and that the number of days that they stay in hospital if they do go into hospital is also lower than in previous variants,” he told the BBC Radio 4 Today programme.

“At the moment we don’t think that the evidence supports any more interventions beyond what we have done,” he said, adding that the government keeps it “under very close review.”

Also talking to the Today programme, Professor Sir John Bell, regius professor of medicine at Oxford University, backed the government’s decision not to impose new restrictions.

“The horrific scenes that we saw a year ago—intensive care units being full, lots of people dying prematurely—that is now history in my view and I think we should be reassured that that’s likely to continue,” he said.

END

EUROPE/UK/LNG

LNG cargo ships enter Europe/UK.  British power bills to remain high until 2023 due to the high cost of LNG

(zerohedge)

LNG Cargoes Enter Europe As British Power Bills To Remain High Until 2023

 WEDNESDAY, DEC 29, 2021 – 09:27 AM

Europe’s energy crunch is far from over, but a flotilla of liquefied natural gas (LNG) tankers from the U.S. are set to resupply the fuel-starved continent. European gas prices fell for the sixth day, the longest decline in more than a year. Even though natural gas prices are retreating from record highs, household power bills, especially in Brittian, are likely to remain high until 2023. 

This year, Dutch TTF natural gas prices surged more than 400% on low supplies ahead of the Northern Hemisphere winter and Russia reducing flows. The news of the flotilla of U.S. LNG tankers headed to the region last week began the decline, nearly halving gas prices. On Wednesday, prices slumped again, down as much as 10%, for the sixth consecutive session but remained five times higher than the five-year average. 

Even though new data shows, the US-EU shipping lane is clogged with LNG tankers headed for Europe, as many as 20 at the moment — there is reason to believe this will only be a temporary relief. 

“Europe’s gas problem may not go away next year,” said Andrew Hill, head of European gas analysis at BloombergNEF, in a report on Wednesday.

Geopolitical issues and acrimony with Russia, particularly around the Nord Stream 2 pipeline, will increase the scope for Russia to limit flows to Europe in the first half of the year, and potentially much longer,” Hill explained. 

The good news is that LNG supplies are entering the grid as current weather outlooks are mild for the time being. 

Also, electricity and gas suppliers are warning the energy crunch will persist through 2023. According to the Financial Times, British households will feel the pain of unprecedented power bills for at least another 18 months. 

 Martin Young, an analyst at Investec, said, “directionally, we could see further upward pressure on household energy bills come October 2022.”

“This has now moved from an energy supplier crisis to a cost of living crisis,” Young added.

Business secretary Kwasi Kwarteng told attendees at a virtual conference on Monday that more relief would be needed for households. 

“This is a train wreck that we’ve seen coming for months.” It was time for the government to “step in and support those who will be battered hardest by an inevitable price storm,” Adam Scorer, chief executive of charity National Energy Action said. 

To sum up, temporary relief will be seen as new supplies from the U.S. enter the European grid. The energy crisis is far from over as it may persist well into late 2022 or even 2023. Perhaps German regulators should stop twiddling their thumbs and certify Russia’s Nord Stream 2 pipeline to resupply Europe’s depleted reserves before summer. 

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

end

RUSSIA VS NATO VS THE WEST/

Pentagon Orders Aircraft Carrier To Stay In Mediterranean Amid Ukraine Crisis

 WEDNESDAY, DEC 29, 2021 – 10:59 AM

The Pentagon has altered the scheduled deployment mission of the aircraft carrier USS Harry S Truman, it’s been revealed this week, amid heightened concerns over a potential Russian incursion into eastern Ukraine, which Kiev officials claim is coming at some point in January. Top US commanders have ordered the carrier to stay in the Mediterranean longer than planned.

“A U.S. carrier strike group is lingering in the Mediterranean Sea rather than journeying to the Middle East on orders from Defense Secretary Lloyd Austin, USNI News learned on Tuesday,” the US Navy monitoring site reports, based on defense official statements.

“The schedule change, blessed by Austin, is to reassure European allies of US commitment to regional security, one official said without mentioning the ongoing Russian military buildup on the eastern border of Ukraine,” the report adds. USS Harry S. Truman file image, US Navy

However, an unnamed defense official indicated that the carrier staying in the Mediterranean is precisely all about the intensifying Ukraine issue, also as US-NATO and Russia talks are set to commence in January. Moscow is seeking legal and security guarantees from Brussels and Washington that there won’t be any further eastward expansion. The Russians are especially concerned over prior promises of a “path to NATO membership” for Ukraine and Georgia.

The USS Truman was supposed to soon transit toward the Persian Gulf via a Suez Canal passage, but has now been ordered to remain in the Ionian Sea between Greece and Italy.

The carrier is being escorted by the guided-missile cruiser USS San Jacinto, as well as the guided-missile destroyers USS Cole, USS Bainbridge, USS Gravely and USS Jason Dunham. Currently a Norwegian Navy frigate is also traversing with the US carrier group. The US group’s presence in the Mediterranean began on December 14, but now looks to have its schedule determinant on if the heated rhetoric over Ukraine cools anytime soon.

It’s since been confirmed that the US and Russia will begin the much anticipated “security talks” on January 10, according to a White House official cited in NBC and Reuters, who said:  “We are unified as an Alliance on the consequences Russia would face if it moves on Ukraine. But we are also unified in our willingness to engage in principled diplomacy with Russia.”

The National Security Council spokesperson told NBC News that Russia “can put its concerns on the table, and we will put our concerns on the table with Russia’s activities as well.”

The Ukrainian government is alleging that some 120,000 Russian troops have mustered near the border in preparation for a coming offensive, which Moscow has repeatedly denied. Within the past week there have been reports the Kremlin has sent at least 10,000 troops back to their main bases, as part of a standard “training” rotation

end.

TURKEY

Turkish lira collapsing again and this time there will be no stopping the plunge

(zerohedge)

Turkish Lira Is Plunging Again, And This Time Erdogan’s “Doom Loop” Guarantees Disaster

WEDNESDAY, DEC 29, 2021 – 09:57 AM

Just over a week after Turkish president Erdogan revealed a stunning (in its stupidity) “whatever it takes” scheme to stabilize the Turkish currency by pledging to make whole losses linked to inflation (shocking Turkey watchers everywhere because the “tactic” was too insane even by Erdogan standards) in hopes of halting the relentless collapse in the Turkish lira, a move which together with billions in illicit dollar sales by the central bank sparked the biggest surge in lira history just as it was about to fall into a hyperinflationary abyss, the honeymoon is now over and Turkey’s lira has fallen for a third day amid renewed demand for dollars even as the central bank continued to take unprecedented, if doomed, steps to support the currency.

The lira traded 7.5% lower at 12.67 per dollar as of 5:26pm in Istanbul, taking its 3-day move to almost 20% higher after enjoying a historic surge just a week ago amid a furious short squeeze. Even with the recent slide, the USDTRY is still down 24% from where it traded early last Monday, ahead of the unprecedented fireworks.

As a reminder, last week Erdogan introduced FX-linked deposit accounts aimed at protecting lira savings from the currency’s decline.  The monetary authority published its annual policy text today, stating that inflation targeting will continue in 2022, while a 5% medium term inflation target is maintained.Of course, real inflation in Turkey is now well over 21%.

There’s more: telegraphing just how little actual FX reserves Turkey has (recall that the country is now exclusively reliant on FX swaps to manage the currency as its net FX reserves are massively negative), the central bank announced a fresh measure today aimed at boosting the currency, saying it would support conversion of saving accounts in banks in gold to holdings in lira.Similar to the insanity spouted last week, the central bank said it would make up for losses incurred by holders of lira deposits should the currency’s decline against gold exceed bank interest rates.

The step comes after the central bank had announced a similar support mechanism on Monday for deposits in foreign exchange converted into liras in an attempt to discourage savers from switching savings into dollars. The idea – to provide a government guarantee against FX losses on lira deposits, which is as ridiculous as it sounds as it merely shifts the risk to the government balance sheet – was also floated in the midst of the last currency crisis in 2018, but it was shelved at the time due to risks. This time the risks – which have already sent Turkey’s CDS blowing out – were seen as acceptable. Meanwhile, we also noted last week that in addition to the psychological “shock and awe” of the Erdogan loss-offset strategy, the central bank sold so much in hard assets, its net foreign assets plunged to negative last week, ensuring that another currency crisis was inevitable.

And sure enough, while the drop in the lira was guaranteed and as we said last week, just a matter of when not if, this time the drop in the Turkish currency is also dragging Turkey’s 10-year government bonds sharply lower… 

… which today are yielding a record 24%, just as we warned would happen now that Erdogan has managed to launch the infamous “Doom loop” which plagued Europe for so long by linking weakness in FX to weakness in bonds, creating a procyclical nightmare for policymakers.

The only difference: the ECB was at least run by a competent former Goldmanite. Turkey, unfortunately, has no such luck.

Which is why when – not if – the lira selloff accelerates, it will immediately lead to higher yields, which in turn will lead to an even lower currency and so on until the entire economy implodes.

END

end

6.Global Issues

Coronavirus update/vaccine mandate

As I have stated now for several weeks: the Omicron is more transmissible but less virulent…less hospitalization rates.

(zerohedge)

Omicron Has Lower Hospitalization Rate, Epidemiologists Confirm

 TUESDAY, DEC 28, 2021 – 08:00 PM

Epidemiologists were anxious as they awaited the next batch of data about the omicron variant, but already it’s pretty clear that the number of hospitalizations from the so-called “omicron wave” is far below the level from earlier waves, including last year’s winter wave.

As Bloomberg reports, the seven-day average of new cases in the US hit 206,577 on Sunday, roughly 18% lower than the all-time high recorded on Jan. 11… Meanwhile, hospitalizations rose to a seven-day average of 8,964, only half their earlier peak.

“We are seeing exponential increases in cases, and a much lower increase in hospitalizations and deaths,” said Albert Ko, chair of the department of epidemiology and microbial diseases at the Yale School of Public Health.

And it’s not just in the US: London has also seen lower hospitalization numbers during its latest wave, as data shared by Dr. Scott Gottlieb show.

This isn’t exactly a shocker: three studies published last week show that hospitalization rates for omicron have been far lower than with previous strains.

Scientists even attempted to determine exactly how much of the decline in hospitalization rates has been due to growing levels of natural immunity; and even when patients do end up in the hospital with omicron, they appear to spend less time there.

On a relative basis, Hospitalizations are well below what was seen in prior Covid waves.

It appears there is less risk of hospitalized disease across the board, but we have to be a little bit careful about interpreting that,”  said Jeffrey Morris, professor and director of the biostatistics division at the University of Pennsylvania’s Perelman School of Medicine.

And that’s not the only new piece of data that might help put the public’s mind at ease:

The most recent spike was purely “technical” in nature.

Still, 2MM Americans have been confirmed infected in recent weeks, sending the effective unemployment rate surging.

But it wouldn’t be Xmas without the Grinch, and unfortunately for those who believe the peak of this latest wave might be right around the corner, Bianco’s research suggests otherwise:

If Europe’s path is followed by US, we still have six more weeks before this exponential wave peaks.

END

Global cases for the Omicron now top 1 million for the 2nd day in a row.  The wave intensifies but no new deaths

(zerohedge)

Global New Cases Top 1 Million For 2nd Day As Omicron Wave Intensifies

 WEDNESDAY, DEC 29, 2021 – 07:33 AM

Since seemingly everybody in the US either knows somebody who is sick, or is sick themselves, millions of Americans are about to start loudly questioning why they bothered to get three shots if it wasn’t enough to stop them from eventually getting sick.

Many assumed this latest wave was all omicron, but as we reported last night, the CDC has lowered its estimate for omicron’s prevalence from 70%+ all the way down to 59%. That’s the percentage of sequenced COVID cases that were confirmed to omicron during the past week.

It looks like Dr. Fauci is going to have a lot more explaining to do.

Globally, the number of newly confirmed COVID cases topped 1M for a second straight day as the hyper-infectious omicron has helped to drive the latest seasonal wave.

As a result, countries are tightening restrictions on international travel targeted at Americans, while Dr. Fauci exhorts Washington to respond with restrictions on domestic travel for all Americans, along with more restrictions on foreigners traveling to the US, per BBG.

The Netherlands will now require travelers arriving from the US to self-quarantine for up to ten days.

Hospitalizations are spiking from New South Wales to New York State (although Australia is still nowhere near the level of virality seen in the US).

As cases surge to record levels down under, the Australian government is scrambling to change its testing rules to clear up congestion at test sites.

Their problem isn’t so different from what’s happening in the UK and the US, per Reuters.

Prime Minister Scott Morrison said on Wednesday Australia needed “a gear change” to manage overburdened laboratories and get people out of isolation. He called a snap meeting of the national cabinet on Thursday.

“We just can’t have everybody just being taken out of circulation because they just happen to be at a particular place at a particular time,” Morrison said during a media briefing.

Morrison’s plan would prioritize urgent cases while relying more on rapid antigen tests, which are being used in the US.

Since cases are surging, omicron has proven it has a lower hospitalization rate than previous variants. The only problem is that with so many new cases, inevitably, there are going to be more hospitalizations as well.

Elsewhere, the government of Tokyo confirmed 76 new coronavirus cases in the capital on Wed., the most since Oct. 9 (although the number of serious cases dropped from 2 to 1).

Here’s some more COVID news:

  • Malaysia has become the latest country to lift a travel ban on the eight south African countries that the US also imposed restrictions upon after the discovery of omicron.
  • Vietnam plans to initially limit the resumption of regular international flights to routes between the Southeast Asian country and Japan and the U.S. in early January.
  • More than 1.2 billion Chinese people, or about 86% of the country’s population, were fully vaccinated as of Dec. 28, an official at the National Health Commission said during a briefing on Wednesday. Some 465M doses were administered to minors aged 3 to 17.
  • India is stepping up defenses against a possible third wave of coronavirus infections caused by omicron by implementing a slew of measures, including approving two more vaccines as well as Merck’s COVID-19 pill, and expanding its inoculation drive to those aged 15 to 18.
  • In the UK, a sharp rise in NHS staff absences due to sickness because of COVID is threatening to hamper patient care, health leaders have warned, as the number of hospitalizations in England hit the highest level in 9 months.

And as we reported yesterday, France has decided to require more people to work from home. As for when the winter wave might peak, scientists are looking to last year’s wave, and estimating that the surge in cases will peak some time between early January and early February.

end

SPECIAL THANKS TO ROBERT H FOR SENDING THIS TO US:

New study finds vaccines make omicron infection MORE likely – WND News Center

Inbox

Robert 3:27 PM (7 minutes ago)
to

END

FROM CHRIS POWELL TO ME AND ALL OF US:

“You were saying this about licorice a long, long time ago”

Inbox

Chris Powell10:19 AM (35 minutes ago)
to me

Licorice Inhibits Replication of Coronavirus

By Joseph Mercola
The Epoch Times, New York
Saturday, December 25, 2021

https://www.theepochtimes.com/licorice-inhibits-replication-of-coronavirus_4177389.html

Glycyrrhizin was valued in ancient Arabia and Greece for treating coughs and in China for relieving irritation of the mucous membranes. In modern times, glycyrrhizin has been shown to be a formidable antiviral, fighting herpes, HIV, hepatitis, influenza, encephalitis and pneumonia as well as less known viruses like respiratory syncytial virus, arboviruses, vaccinia virus and vesicular stomatitis virus.

You may think of licorice as an extract, a sweetener or even a candy, like Good and Plenty, but it’s actually complex biochemically and offers important medical benefits. According to PubChem, a database of chemical molecules maintained by the National Center for Biotechnology Information,

“Glycyrrhizic acid is extracted from the root of the licorice plant; Glycyrrhiza glabra. It is a triterpene glycoside with glycyrrhetinic acid that possesses a wide range of pharmacological and biological activities … potential immunomodulating, anti-inflammatory, hepato- and neuro-protective, and antineoplastic activities.

“Glycyrrhizin modulates certain enzymes involved in inflammation and oxidative stress, and downregulates certain pro-inflammatory mediators, thereby protecting against inflammation- and reactive oxygen species (ROS)-induced damage. Glycerrhizin may also suppress the growth of susceptible tumor cells.”

According to Botanical Medicine, the anti-inflammatory actions of glycyrrhizin (GL) may stem from suppression of cytokines:

“As testimony to its anti-inflammatory properties, glycyrrhizin alleviated allergic asthma in an experimental mouse model, increased the IL-4 and IL-5 levels, decreased eosinophil counts and IgE levels, and upregulated total IgG2a in serum.

“These results indicated that glycyrrhizin interfered with the production of IgE by decreasing the IgE-stimulating cytokines. It also attenuated lung inflammation and mucus production in mice.”

… Glycyrrhizin and SARS

Early SARS-CoV-1 patients were given the viral compound ribavirin, but it showed little benefit. Corticosteroids were also tried in SARS-CoV-1 patients and patients with MERS (Middle East Respiratory Syndrome), which occurred 10 years later, but there was “no evidence showing that the mortality of SARS-CoV-1 and MERS patients was reduced,” as reported in the International Journal of Biological Sciences.

Soon after the SARS-CoV-1 outbreak, the medical journal The Lancet published a research letter suggesting that glycyrrhizin might fight SARS:

“The outbreak of SARS warrants the search for antiviral compounds to treat the disease. At present, no specific treatment has been identified for SARS-associated coronavirus infection. We assessed the antiviral potential of ribavirin, 6-azauridine, pyrazofurin, mycophenolic acid, and glycyrrhizin against two clinical isolates of coronavirus from patients with SARS …

“Of all the compounds, glycyrrhizin was the most active in inhibiting replication of the SARS-associated virus. Our findings suggest that glycyrrhizin should be assessed for treatment of SARS.”

Glycyrrhizin had several positive actions, wrote the researchers:

“In addition to inhibition of virus replication, glycyrrhizin inhibits adsorption and penetration of the virus — early steps of the replicative cycle … Glycyrrhizin was most effective when given both during and after the adsorption period …

… glycyrrhizin and its aglycone metabolite 18β glycyrrhetinic acid upregulate expression of inducible nitrous oxide synthase and production of nitrous oxide in macrophages.

Nitrous oxide inhibits replication of several viruses — eg, Japanese encephalitis virus, which can also be inhibited by glycyrrhizin. Our preliminary results show that glycyrrhizin induces nitrous oxide synthase in Vero cells [cells used in cultures] and that virus replication is inhibited when the nitrous oxide donor is added to the culture medium.”

… Glycyrrhizin May Act Differently From Other Substances

According to the Journal of General Virology, glycyrrhizin’s method of stopping the replication of SARS viruses may differ from other treatments that have been tried:

“Unlike IFN-α and ribavirin, there are few clues to the antiviral mechanism of glycyrrhizin. Our data indicate that, as for ribavirin, glycyrrhizin only moderately affects coronavirus replicase functions.

“However, in contrast to ribavirin, glycyrrhizin has been shown to inhibit SARS-CoV replication in tissue culture. This indicates that glycyrrhizin may not target the coronavirus replication machinery and that antiviral effects may be exerted, for example, during virus adsorption or release.”

Stopping replication is especially challenging because of the peculiarities of the SARS virus. According to General Cell Biology & Physiology:

“These analyses revealed that SARS-CoV-2 reshapes central cellular pathways, such as translation, splicing, carbon metabolism and nucleic acid metabolism. Small molecule inhibitors targeting these pathways were tested in cellular infection assays and prevented viral replication.”

Glycyrrhizin’s upregulation of nitric oxide and nitric oxide synthase in macrophages, which was noted in the International Journal of Infectious Diseases, may explain its ability to stop replication of SARS and hopefully other coronaviruses like SARS-CoV-2.

-END

VACCINE IMPACT


2 Views on Why Trump is Promoting the Experimental COVID-19 Injections – Which View is Correct?

December 28, 2021 1:12 pm

Conservative talk show host Candace Owens continues to deal with controversy from her interview with Donald Trump, and recently published a video of her explaining her views on Trump. She has publicly stated that she is against the COVID-19 shots: “I just will never ever let that vaccine into my body. I believe firmly that Big Pharma is the greatest evil on the face of the planet. I am healthy, young, in shape and simply unafraid of Covid-19.” And yet, she insists that her views on the shots do not conflict with Donald Trump publicly stating how he wants everyone to get the shots, and lying to the public by stating the same lies that are coming out of the mouths of Fauci, Biden, and others that the “unvaccinated” are filling the hospitals and dying from COVID right now. A few days ago, Dr. David Martin, who has been one of the leading voices in the Alternative media exposing the fraud behind Sars COVID for the past two years, was interviewed by Conservative host Seth Holehouse of “Man in America” where the 1-hour interview was titled “Why Does Trump Keep Promoting the Vaccine?” I have created a clip from that interview that I believe best sums up what Dr. David Martin said, and between what Candace Owens published, and the questions from pro-Trump Seth Holehouse that Dr. Martin answers, I think we have in under 10 minutes a succinct summary of the two current views about why Donald Trump is out pushing for everyone to get a COVID-19 injection. Listen to this short video, and then answer this question for yourself: Which view is more credible?Read More…

end

GLOBAL STORIES/COVID

How COVID Lockdown Fanatics Took Over The World

 WEDNESDAY, DEC 29, 2021 – 03:30 AM

Authored by Jeffrey Tucker via The Brownstone Institute,

Early in the pandemic, I had been furiously writing articles about lockdowns. My phone rang with a call from a man named Dr. Rajeev Venkayya. He is the head of a vaccine company but introduced himself as former head of pandemic policy for the Gates Foundation.

Now I was listening.

I did not know it then, but I’ve since learned from Michael Lewis’s (mostly terrible) book The Premonition that Venkayya was, in fact, the founding father of lockdowns. While working for George W. Bush’s White House in 2005, he headed a bioterrorism study group. From his perch of influence – serving an apocalyptic president — he was the driving force for a dramatic change in U.S. policy during pandemics.

He literally unleashed hell.

That was 15 years ago. At the time, I wrote about the changes I was witnessing, worrying that new White House guidelines (never voted on by Congress) allowed the government to put Americans in quarantine while closing their schools, businesses, and churches shuttered, all in the name of disease containment.

I never believed it would happen in real life; surely there would be public revolt. Little did I know, we were in for a wild ride…

Last year, Venkayya and I had a 30-minute conversation; actually, it was mostly an argument. He was convinced that lockdown was the only way to deal with a virus. I countered that it was wrecking rights, destroying businesses, and disturbing public health. He said it was our only choice because we had to wait for a vaccine. I spoke about natural immunity, which he called immoral. So on it went.

The more interesting question I had at the time was why this certified Big Shot was wasting his time trying to convince a poor scribbler like me. What possible reason could there be?

The answer, I now realized, is that from February to April 2020, I was one of the few people (along with a team of researchers) who openly and aggressively opposed what was happening.

There was a hint of insecurity and even fear in Venkayya’s voice. He saw the awesome thing he had unleashed all over the world and was anxious to tamp down any hint of opposition. He was trying to silence me. He and others were determined to crush all dissent.

Fat chance. His greatest fears have been realized. The movement against what he did is now global, ferocious, and insuppressible. It’s not going away. It is only going to grow, despite his best efforts. 

This is how it has been for the better part of the last 21 months, with social media and YouTube deleting videos that dissent from lockdowns. It’s been censorship from the beginning. Now we see what happens: the lockdowns have birthed a new movement plus a new way of communicating plus new platforms that are threatening monopoly control the world over. Not only that: political and economic upheaval seem inevitable.

For all the problems with Lewis’s book, and there are plenty, he gets this whole backstory right. Bush came to his bioterrorism people and demanded some huge plan to deal with some imagined calamity. When Bush saw the conventional plan — make a threat assessment, distribute therapeutics, work toward a vaccine — he was furious.

“This is bulls**t,” the president yelled. 

“We need a whole-of-society plan. What are you going to do about foreign borders? And travel? And commerce?”

Hey, if the president wants a plan, he’ll get a plan.

“We want to use all instruments of national power to confront this threat,” Venkayya reports having told colleagues.

“We were going to invent pandemic planning.”

This was October 2005, the birth of the lockdown idea.

Dr. Venkayya began to fish around for people who could come up with the domestic equivalent of Operation Desert Storm to deal with a new virus. He found no serious epidemiologists to help. They were too smart to buy into it. He eventually bumped into the real lockdown innovator working at Sandia National Laboratories in New Mexico.

His name was Robert Glass, a computer scientist with no medical training, much less knowledge, about viruses. Glass, in turn, was inspired by a science fair project that his 14-year-old daughter was working on.

She theorized (like the cooties game from grade school) that if school kids could space themselves out more or even not be at school at all, they would stop making each other sick. Glass ran with the idea and banged out a model of disease control based on stay-at-home orders, travel restrictions, business closures, and forced human separation.

Crazy right? No one in public health agreed with him but like any classic crank, this convinced Glass even more. 

I asked myself, “Why didn’t these epidemiologists figure it out?”

They didn’t figure it out because they didn’t have tools that were focused on the problem. They had tools to understand the movement of infectious diseases without the purpose of trying to stop them.

Genius, right?

Glass imagined himself to be smarter than 100 years of experience in public health. One guy with a fancy computer would solve everything! Well, he managed to convince some people, including another person hanging around the White House named Carter Mecher, who became Glass’s apostle.

Please consider the following quotation from Dr. Mecher in Lewis’s book:

“If you got everyone and locked each of them in their own room and didn’t let them talk to anyone, you would not have any disease.”

At last, an intellectual has a plan to abolish disease — and human life as we know it too! As preposterous and terrifying as this is — a whole society not only in jail but solitary confinement — it sums up the whole of Mecher’s view of disease. It’s also completely wrong.

Pathogens are part of our world; they are not generated by human contact. We pass them onto each other as the price for civilization, but we also evolved immune systems to deal with them. That’s 9th-grade biology, but Mecher didn’t have a clue.

Jump forward to March 12, 2020. Who exercised the major influence over the decision to close schools, even though it was known at that time that SARS-CoV-2 posed almost no risk to people under the age of 20? There was even evidence that they did not spread COVID-19 to adults in any serious way.

Didn’t matter. Mecher’s models — developed with Glass and others — kept spitting out a conclusion that shutting down schools would drop virus transmission by 80%. I’ve read his memos from this period — some of them still not public — and what you observe is not science but ideological fanaticism in play.

Based on the timestamp and length of the emails, Mecher was clearly not sleeping much. Essentially he was Lenin on the eve of the Bolshevik Revolution. How did he get his way?

There were three key elements: public fear, media and expert acquiescence, and the baked-in reality that school closures had been part of “pandemic planning” for the better part of 15 years. The lockdowners, over the course of 15 years, had worn out the opposition. Lavish funding, attrition of wisdom within public health, and ideological fanaticism prevailed.

Figuring out how our expectations for normal life were so violently foiled, how our happy lives were brutally crushed, will consume serious intellectuals for many years. But at least we now have a first draft of history.

As with almost every revolution in history, a small minority of crazy people with a cause prevailed over the humane rationality of multitudes. When people catch on, the fires of vengeance will burn very hot.

The task now is to rebuild a civilized life that is no longer so fragile as to allow insane people to lay waste to all that humanity has worked so hard to build.
 ENDVvery important:  without natural gas you cannot make fertilizers and thus we enter a whopping food crisis(Chris Macintosh/InternationalMan.com)

Here’s How The Energy Crisis Turns Into Hunger And Then… War?

 WEDNESDAY, DEC 29, 2021 – 05:00 AM

Authored by Chris Macintosh via InternationalMan.com,

We have previously warned about a whopping food crisis and supply problems in the fertilizer market. Well, now is worse because that was BEFORE we had the natural gas crisis. Why is that important?

Natural gas is THE critical input into making fertilizer. Urea is essentially ammonia in solid state, the process of which entails reacting ammonia with CO2. And we all now know — thanks to the climate nazis — that CO2 is currently the devil. The problem of course is that with no natural gas there is no urea, and with no urea there is no fertilizer. And with no fertilizer… well, we will eat each other.

Here are the spot urea prices.

Something else that we had noted some time back (in Korea) but which now seems like a larger problem.

Here is an article about an Australian farmer who warns the urea supply crisis could halt normal life within weeks.

Here’s what he says:

‘Not only will we not be able to grow cattle and we will not be able to grow food and we will not be able to grow grain or anything like that, but even if we could, we can’t move it, because we can’t turn a wheel in a truck because we have no Adblue,’ [AdBlue is needed for diesel vehicles — half of all trucks on Australian roads run on diesel

As of February we might not have a truck on the road in Australia, we might not have a train on the tracks.

‘So quite literally the whole country comes to a standstill as of February.’

The farmer then, goes on to say:

‘Go and have a look in your cupboard and go and have a look in your fridge and I guarantee just about every single item there, at some point, urea has been used to produce that item, whether it’s a steak or a salad or a can of baked beans.

Moving to Europe, we have a full blown energy crisis unfolding there, made worse by increasingly more destructive policies by the pointy shoes (let’s produce more solar and wind when it’s proven to be both inadequate and massively costly) and a supply chain crisis.

Take a look at European energy prices.

So here we’re now witnessing the beginnings of what promises to be a storm. Think cold and hungry and you’ve got the right picture.

That electricity comes largely from natural gas, and that natural gas comes from those peaky Russkies.

European Gas Prices Surge Above 100 Euros With Eyes on Russia.

Europe’s benchmark natural gas price rose above 100 euros, or $190 per barrel of oil equivalent, ahead of a series of auctions for pipeline capacity that are seen as a test of Russia’s willingness to ease a supply crunch.

The day-ahead auctions for space on Ukrainian pipelines and capacity at Germany’s Mallnow compressor station will provide a strong signal for how serious Russia is about increasing flows to the west. While the region’s biggest supplier has said it aims to keep refilling European storage sites until the end of December, it hasn’t used short-term auctions to ship more fuel.

So right now we have this situation which is going to make your head spin. Europe is out of gas. They’ve spent the better part of the last decade getting rid of their own domestic energy, replacing it with baubles and toys, which, while scoring big on the woke scorecard, have proven abysmal at producing… well, electricity.

With Europeans now cold and very shortly hungry we are due for a war. Remember that historically, the spiraling food prices have caused civil unrest, revolutions, and wars. On the plus side, it has been known to also cure obesity, so there’s that.

Back to urea and food. You can’t make fertilizer without urea and natural gas. As the price of either of these goes higher (both are), it significantly impacts the price of fertilizer. The price of fertilizer impacts in turn the price of food. This is because fert is the second largest cost component of most agricultural production. The first being… you guessed it, diesel.

We now have a bull market not just in urea, but in natural gas, and to top it off in diesel too.

To expect food prices to remain stable when the ingredients to producing it are all rocketing higher impresses us as comically stupid.

end

Everything is going up in price: even Champagne offers investors a sparkling return on their money in 2021

(zerohedge)

Champagne Offers Investors Sparkling Performance In 2021

 WEDNESDAY, DEC 29, 2021 – 05:45 AM

Central banks will never admit they’ve sparked the largest asset bubble in history. Stocks, bonds, Bitcoin, real estate, automobiles, artwork, fine wine, and even coveted bottles of champagne have soared in value. 

Online platforms that trade champagne and desirable wines, much like stocks, currencies, and even crypto, have seen surging activity and record upward price moves this year due to asset price hyperinflation spurred by easy-money policies from central banks and the onset of a global shortage of bubbly.

Data from the “Bordeaux Index” showed champagne was one of the hottest investments on the platform this year, accounting for 15 of the 20 top price increases on the platform in 2021.

Blue-chip champagnes such as Salon 2002 vintage jumped more than 80% on the platform and currently trades around $15,700 per bottle. The price-performance on the year outperformed all major global equity indexes, Bitcoin, and even the NYFANG+TM stocks index. 

Taittinger Comtes de Champagne 2006 and Krug 2002 surged more than 70%, while the Krug 2000, Pérignon P2 2002, Bollinger La Grande Année 2007, and Cristal Rosé 2008 rose more than 50%. 

Highly desirable wine, champagne, and spirit vintages are seen as an alternative asset class where consumption creates an increasing natural supply-demand imbalance and a low correlation with other asset classes. There has been a steady upward movement in the space as investors seek physical assets instead of holding onto stocks, bonds and or fiat. 

LiveTrade CEO Matthew O’Connell, who manages the Bordeaux Index, told Reuters several factors fueled the boom into wine, champagne, and spirit investing this year, including “low-interest rates and high levels of savings accumulated by the wealthy during numerous global lockdowns, to a growing focus on hard assets in the face of rising inflationary pressures.” 

Experts believe the prices of champagne as a whole, no matter the vintage, could be moving higher due to a shortage of bubbly. 

“There actually is a shortage of champagne, it’s kind of crazy,” Ray Isle, Food & Wine Magazine executive wine editor, recently told CNBC. 

The dynamics at play is that demand continues to soar as supply remains tight, following adverse weather conditions in France earlier this year.   

“You may see prices rise for champagne,” Isle said. “Where you are seeing shortages are in the big names of the most popular brands,” he said, adding that tight supply will drive up prices. 

So if it’s bubbly from rare vintages and investors want to hoard it as an alternative asset outside the financial system to escape volatility or new vintages that people just want to consume – the theme for champagne is price increases are here. 

end


Michael Every with today’s most important topics

Michael Every.//Jane Foley

end 

7. OIL ISSUES

8 EMERGING MARKET& AUSTRALIA ISSUES

Australia////  NEW ZEALAND/ SOUTH AFRICA/BRAZIL//COVID/VACCINES/LOCKDOWNS

SOUTH AFRICA

end

Your early  currency/gold and silver pricing/Asian and European bourse movements/ and interest rate settings WEDNESDAY morning 7:30 AM

Euro/USA 1.1310 DOWN .0002 /EUROPE BOURSES //MOSTLY RED EXCEPT LONDON 

USA/ YEN 115.00  UP  0.234 /NOW TARGETS INTEREST RATE AT .11% AS IT WILL BUY UNLIMITED BONDS TO GETS TO THAT LEVEL…

GBP/USA 1.3443  UP   0.0010

Last night Shanghai COMPOSITE CLOSED DOWN 33.11 PTS OR 0.91%

//Hang Sang CLOSED DOWN 194,02 PTS OR 0.83%

/AUSTRALIA CLOSED UP 1.23%  // EUROPEAN BOURSES OPENED MOSTLY RED

Trading from Europe and ASIA

I)EUROPEAN BOURSES MOSTLY RED  

2/ CHINESE BOURSES / :Hang SANG  CLOSED DOWN 194.02 PTS OR 0.83%

/SHANGHAI CLOSED DOWN 32.11  PTS OR 0.91%

Australia BOURSE CLOSED UP 1.23%

3(Nikkei (Japan) CLOSED DOWN 162.28 PTS OR 0.58 %

INDIA’S SENSEX  IN THE RED

Gold very early morning trading: 1791.65

silver:$22.66-

USA dollar index early WEDNESDAY morning: 96.19  DOWN 2  CENT(S) from TUESDAY’s close.

This ends early morning numbers WEDNESDAY MORNING

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

And now your closing WEDNESDAY NUMBERS 1: 00 PM

Portuguese 10 year bond yield: 0.46% UP 5  in basis point(s) yield from YESTERDAY/

JAPANESE BOND YIELD: +0.06% DOWN 0 AND 4/10   BASIS POINTS from YESTERDAY/JAPAN losing control of its yield curve/

SPANISH 10 YR BOND YIELD: 0.57%// UP 5  in basis points yield from yesterday.

ITALIAN 10 YR BOND YIELD 1.17 UP 7    points in basis points yield from yesterday./

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

GERMAN 10 YR BOND YIELD: RISES TO -0.247% IN BASIS POINTS ON THE DAY//

THE IMPORTANT SPREAD BETWEEN ITALIAN 10 YR BOND AND GERMAN 10 YEAR BOND IS 1.35% 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 WEDNESDAY

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

Euro/USA 1.1349  UP .0035    or 35 basis points

USA/Japan: 114.91 UP 0.148 OR YEN DOWN 15  basis points/

Great Britain/USA 1.3476  UP 44  BASIS POINTS)

Canadian dollar UP 11 pts to 1.2805

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

The USA/Yuan,  CNY: closed    ON SHORE  (CLOSED UP)..6.3721  

THE USA/YUAN OFFSHORE:    (YUAN CLOSED (UP)..6.3719

TURKISH LIRA:  12.61  EXTREMELY DANGEROUS LEVEL/DEATH WISH/HYPERINFLATION TO BEGIN.

the 10 yr Japanese bond yield  at +0.060

Your closing 10 yr US bond yield UP 6 IN basis points from MONDAY at 1.549% //trading well ABOVE the resistance level of 2.27-2.32%) very problematic

 USA 30 yr bond yield: 1.964  UP 6 in basis points 

Your closing USA dollar index, 95.91  DOWN 29   CENT(S) ON THE DAY/1.00 PM/

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

London: CLOSED UP 52.74 PTS OR .72%

German Dax :  CLOSED DOWN 101.25 PTS OR 0.63% 

Paris CAC CLOSED UP 19.39 PTS OR  0.27% 

Spain IBEX CLOSED UP 9.80  PTS OR 0.11%

Italian MIB: CLOSED UP 93.60 PTS OR 0.34

%

WTI Oil price 75.29 12: EST

Brent Oil:  79.22 12:00 EST

USA /RUSSIAN /   RUBLE FALLS:   74.12 THE CROSS HIGHER BY .52 RUBLES/DOLLAR (RUBLE LOWER BY 52 BASIS PTS)

GERMAN 10 YR BOND YIELD; -.180

CLOSING NUMBERS: 4 PM

Euro vs USA: 1.1344 UP .0031

British Pound: 1.3487 UP .0035

USA dollar vs Japanese Yen: 114.94 up .176

USA dollar vs Canadian dollar: 1.2799 DOWN .0021 (cdn dollar UP 21 basis pts)

West Texas intermediate oil: 76.47

Brent: 79.14

USA 10 yr bond yield: 1.550 UP 6 points

USA 30 yr bond yield: 1.959 up 6 pts.

USA dollar vs Turkish lira: 12.66

usa dollar vs Russian rouble: 74.05 up 45 basis pts.

DOW JONES INDUSTRIAL AVERAGE: UP 90.42 PTS OR 0.25%

NASDAQ 100 UP 2.35 OR 0.01%

VOLATILITY INDEX: 17.04 DOWN 0.50PTS

GLD/NYSE CLOSING PRICE $168.59 DOWN $0.05 OR .03

SLV/NYSE CLOSING PRICE: $21.11// DOWN $.03 OR .11%

USA trading day in Graph Form

Dow Gains For 6th Straight Day As ‘Omicold’-Pivot Erases 30Y Bond Bid

WEDNESDAY, DEC 29, 2021 – 04:01 PM

Cases are soaring and deaths and hospitalizations…refuse to play along with the fearmongering tsunami narrative…

Source: Bloomberg

And so as ‘omicold’ continues to ravage peoples’ nose-blowing tissues, stocks continue to melt-up as optimistic investors dump bonds into year-end.

The Dow managed to keep the dream alive and rallied for the 6th straight day to close at a record high. Thanks to a late-day panic-bid surge, everything ended green (except Nasdaq which lost it in the last seconds)…

…now up 2% post-Omicron (along with the S&P 500). Nasdaq has managed to get back to pre-Omicron levels while Small Caps remain down around 4%…

This is on course to be the first year since 2005 where the S&P 500 will outperform BOTH the Dow and the Nasdaq. Today was the 70th record high close this year for the S&P 500.

Small Caps were unable to get back above the 200DMA…

As rates rise, mega-cap tech has been sloping down…

Source: Bloomberg

Treasury yields were higher on the day with 30Y erasing all the post-Omicron gains. 2Ys also higher post-Omicron (more due to Powell’s pivot) but the belly remains lower in yield (on policy error fears)…

Source: Bloomberg

But we note the 30Y stalled at that level and was unable to push up to 2.00%, ending the day down around 2bps from intraday highs…

Source: Bloomberg

Ugly 7Y auction today sparked weakness and pushed the 10Y back above 1.50%…

Source: Bloomberg

STIRs shifted more hawkishly once again…

Source: Bloomberg

The dollar broke down today to its weakest since before Thanksgiving…

Source: Bloomberg

Bitcoin fell below its 200DMA then hovered there…

Source: Bloomberg

December is on pace to be the worst month for BTC since May.

Basically cryptos are saying inflation is done…

Source: Bloomberg

Oil rallied after the DOE reported a decent crude draw and briefly broke above its 50DMA, before quickly reversing all those gains, before bouncing back up to the 50DMA…

Gold broke down below $1800 intraday but bounced back as the US market opened…

Finally, Santa’s not done giving quite yet…

Or will 2022 mark the beginning of the end?

end

i) Early morning//afternoon trading

Long-Bond Yield Surges Towards 2.00%, Erases Omicron Plunge

 WEDNESDAY, DEC 29, 2021 – 11:36 AM

After collapsing almost 30bps in the first week post-Omicron (and helped by Powell’s uber-hawkish pivot), the long-bond has lifted and chopped its way back to unchanged since Thanksgiving’s unleashing of the highly contagious ‘omicold’…

Source: Bloomberg

The 2Y Yield is up almost 12bps since ‘omicold’, but mainly thanks to the hawkish push since Powell’s speech. The belly of the curve is outperforming notably with 7Y yields -12bps’

Source: Bloomberg

The short-end of the curve is now pricing in a full rate-hike by May 2022 and 3 full hikes by the end of 2022…

Source: Bloomberg

Do anyone really believe that stocks are pricing in this level of hawkishness next year?

II)USA DATA

Looks like the flip flopping of home sales is tumbling

(zerohedge)

US Pending Home Sales Unexpectedly Tumble In November

WEDNESDAY, DEC 29, 2021 – 10:06 AM

After new- and existing-home sales unexpectedly surged in November, analysts expected pending home sales to also rise in November (though far less than the huge jump in October). However, they were notably wrong as pending home sales fell 2.2% MoM in November (vs +0.8% exp and +7.5% prior). This is the 6th month of flip-flopping home sales…

Source: Bloomberg

Interestingly that miss still left pending home sales up year-over-year (albeit just +0.21%).

The pending home sales index fell back from near last year’s highs (and in line with the peak of 2005), even as new-and and existing-home sales rose…

Source: Bloomberg

With the market pricing in a first rate-hike by May next year, we wonder how much longer this buying-panic can continue, especially with homebuyer confidence so decoupled…

Source: Bloomberg

Get back to work Mr.Powell.

END

Not good for the dollar!

U.S. trade deficit in goods soars to record $97.8 billion as businesses stock up for holiday shopping season

Dec. 29, 2021 at 8:40 a.m. ET

MarketWatch

Inventories also rose rapidly as businesses sought to stock up for the holiday shopping season

The numbers: The trade deficit in goods surged by 17.5% in November to set an all-time high, keeping the U.S. on track in 2021 to post its biggest annual shortfall on record.

An early or advanced look at the trade gap in goods showed that it increased to $97.8 billion in November from a revised $83.2 billion in October, according to the U.S. Census Bureau.

The U.S. is poised to surpass a record set in 2006 and incur its biggest international trade deficit ever.

The domestic economy has recovered faster compared to most other countries, largely explaining the surge in imports and slower rebound in American exports.

An advanced estimate of wholesale inventories, meanwhile, revealed a 1.2% increase in November. And retail inventories jumped 2%, according to an early estimate.

Companies sought to stock up ahead of the crucial holiday shopping season, but manufacturing-production bottlenecks, congestion at U.S. ports and other transportations snafus have caused big fluctuations month to month.

What happened: U.S. imports of goods rose 4.7% to $252.4 billion in November. Imports of industrial supplies, autos, consumer goods and food all rose sharply.

Americans have snapped up huge quantities of imports since the U.S. economy fully reopened earlier this year. Federal stimulus money, rising wages and a fast-recovering economy have given consumers the financial means and confidence to spend.

U.S. goods exports slipped 2.1% to $154.7 billion from a record $157.4 in October. Shipments of most goods declined.

Exports took longer than imports to return to precrisis levels because the economies of major U.S. trading partners haven’t recovered as rapidly.

The trade deficit is likely to subside in 2022 as other economies rebound, but U.S. trade deficits have been high for years and are likely to remain that way. A higher deficit subtracts from gross domestic product, the official scorecard for the U.S. economy.

The full trade report for November, which includes services such as tourism and travel, comes out next Thursday.

Big picture: The U.S. economy is still growing steadily and has exceeded pre-pandemic levels despite the background noise of large trade deficits.

The bigger problem for the economy are bottlenecks that are preventing imports and exports from getting to their intended destinations on time. That’s helped spawn the biggest increase in U.S. inflation in almost 40 years and could hurt the economy in 2022 if the supply constraints don’t clear up.

Omicron might also shave off some growth in the end of the fourth quarter and start of 2022.

-END-

IIb) USA COVID/VACCINE MANDATE STORIES

Rand Paul: every month thousands are dying because of Fauci’s obsession with pushing vaccines

(Watson/SummitNews)

Rand Paul: Thousands Dying Every Month Because Of Fauci’s Obsession With Pushing Vaccines

 WEDNESDAY, DEC 29, 2021 – 08:25 AM

Authored by Steve Watson via Summit News,

Senator Rand Paul has warned that thousands of Americans are dying from COVID every month because Anthony Fauci is obsessed with pushing vaccines in place of therapeutic treatments that are effective in treating the virus.

Appearing on his Father Ron Paul’s Liberty Report, the Senator noted that Fauci has displayed a bias toward vaccines since he attempted and failed to produce a vaccine for AIDS and HIV in the 1980s and 90s.

“I would venture to say that thousands of people die in our country every month now because [Fauci] has deemphasized the idea that there are therapeutics,” Paul urged.

“Because he’s made this mistake of de-emphasizing natural immunity, I think thousands of people have lost their lives,” the Senator continued, adding “For instance, I’ve already had it [Covid-19] I should be at the end of the line.”

“Many older people die, and many 35-year-old people are being vaccinated, that makes no scientific sense,” Paul emphasised.

Ron Paul then asked his son if he believes the pandemic was brought about as part of a conspiracy.

“Do you think there was a plan to bring this about, and Fauci was there, and part of the plan with Gates, or do you think something was happening at a more modest rate and they jumped on it and twisted it and made a big deal of it?” the Senior Paul asked.

Rand Paul responded “So the pandemic comes, there’s this natural worry media plays up worry, because it sells,” adding “I would call it less of a conspiracy and more of a philosophy.”

“I think Fauci is of the philosophy that vaccines are incredibly successful and are the way to go versus therapeutics, for example.”

“I blame Dr. Fauci because he was never on TV saying if you get sick there is a treatment,” Paul explained, adding “Because it’s everything about the vaccine, and if you’re not vaccinated you’re unclean. You’re like a leper.”  

Watch the full interview below:

SEE ZEROHEDGE FOR THE VIDEO

*  *  *

end

Omicron spread is creating havoc for the Ghislaine Maxwell case

Paone/EpochTimes

Judge For Ghislaine Maxwell Trial “Trying To Avoid A Mistrial” Over Omicron

 WEDNESDAY, DEC 29, 2021 – 09:05 AM

Authored by Dave Paone via The Epoch Times,

The judge presiding over the Ghislaine Maxwell sex trafficking trial has asked jurors to continue attending court ahead of the New Years period, expressing concern over the speed of spread of the Omicron coronavirus variant.

Noting the “astronomical spike” in COVID-19 cases, Judge Alison Nathan requested that jurors be available to deliberate on Dec. 30 and 31, which were originally scheduled as days off for New Years. Additionally, the days will run from 9 a.m. to 6 p.m., instead of finishing at 5 p.m.

Nathan noted that the jurors can take as much time as they need to deliver their ruling. She also noted that, if they choose, they can stay later than 6 p.m. going forward.

She said specifically she was “trying to avoid a mistrial due to the Omicron variant.”

The jury is now into their fourth full day of deliberations on the innocence or guilt of Maxwell to six federal counts, including sex trafficking of minors, enticing a minor to travel to engage in illegal sex acts, transporting a minor with the intent to engage in criminal sexual activity, and three counts of conspiracy.

Maxwell faces up to 70 years in prison if convicted on all charges.

The jury’s somewhat convoluted question to the court regarding a specific element of a specific charge against Ghislaine Maxwell was answered by Nathan on Dec. 27 in favor of the prosecution. At the time, Maxwell’s defense team voiced its objection.

In the early morning hours of Dec. 28, the defense sent a followup letter to Nathan on the issue, which saw further debate on the topic in the courtroom at about 10 a.m. EST.

When defense attorney Christian Everdell started his discussion of the topic again, Nathan said he was “seeking a third bite of the apple,” but added, “Go ahead,” and heard the latest version of his argument.

Prosecutor Alison Moe had previously said to Nathan, “The jury has been accurately instructed on the law and that’s all that’s required.”

Nathan stood by her original answer to the question, which was for the jury to follow specific directions written out in their instructions.

There was no new activity until 4:45 p.m. when the jury sent its latest note that read, “Our deliberations are moving along and making progress,” and then requested to be dismissed at 5 p.m.

Nathan brought the jury in and granted their request, while noting the changes in scheduling going ahead.

end

My goodness, for once they are making the correct decision

(Van Brugen/EpochTimes)

Vaccine Mandate For Domestic Flights Not Being Considered, Says CDC Director After Fauci’s Proposal

 WEDNESDAY, DEC 29, 2021 – 11:23 AM

Authored by Isabel van Brugen via The Epoch Times,

COVID-19 vaccine mandate for domestic flights is not currently being considered by the Centers for Disease Control and Prevention (CDC), CDC Director Rochelle Walensky confirmed on Tuesday.

“Certainly, domestic flights has been a topic of conversation but that is not something we’re revisiting right now,” Walensky told NPR when pressed on the issue.

Walensky also elaborated on the CDC’s decision to cut its recommended isolation time for infected Americans in half—from 10 days to five if they are asymptomatic.

“We are standing on the shoulders now of two years of science,” Walenksy told NPR of the new rules, explaining that “the vast majority of transmission occurs” around two days prior to the onset of symptoms and three days after.

“So in that five day window is really when that transmission is happening.”

Walensky acknowledged that although transmission can occur after the fifth day of isolation, the CDC made the decision to reduce its recommended isolation time for infected Americans because it anticipates a “really large” number of cases due to the Omicron variant of the novel coronavirus.

“We also want to make sure that we keep the critical functions of society open and operating. We started to see challenges with that, with airline flights and other areas,” the CDC director explained.

Her remarks come a day after infectious disease expert Dr. Anthony Fauci suggested that the Biden administration should “seriously” consider vaccine requirements for domestic air travel.

Proof of vaccination is currently only required for noncitizens entering the United States, as well as a negative COVID-19 test within 24 hours of departure.

“If you’re making a requirement for vaccination for people to get on planes who are coming into the country, that’s understandable,” White House COVID-19 adviser Fauci told MSNBC on Dec. 27.

“You don’t want to bring more cases into the country. But if you’re talking about requiring vaccination to get on a plane domestically, that is just another one of the requirements that I think is reasonable to consider,” he added.

Fauci didn’t elaborate on why he believes a vaccine mandate for domestic flights would be a “reasonable” requirement.

“When you make vaccination a requirement, that’s another incentive to get more people vaccinated. If you want to do that with domestic flights, I think that’s something that seriously should be considered,” Fauci added.

Shortly later, Fauci clarified that he does not expect a mandate for domestic flights would be implemented by the Biden administration “in the reasonably foreseeable future.”

“It’s on the table, and we consider it, but that doesn’t mean it’s going to happen,” he told CNN.

He also appeared to walk back his remarks in a separate interview with MSNBC’s Joy Reid on Monday.

“I did not say I support mandates on domestic flights. I said that is something on the table for consideration,” Fauci said.

Meanwhile, President Joe Biden on Monday declined during a press briefing to comment on whether he favored such a mandate. Biden has previously said he does not consider it necessary to have a vaccine mandate for domestic air travel.

Domestic flights in the United States have taken a hit due to staffing issues amid rising COVID-19 cases, with flight cancellations continuing to cause holiday travel chaos nationwide. More than 1,000 flights were canceled by airlines on Monday amid a surge in cases caused by the Omicron coronavirus variant.

end

What we have been telling you:  the PCR test does not work: “they can remain positive for up to 12 weeks” .  That is: giving a false positive

(zerohedge)

In Bombshell Admission, CDC Drops Post-Isolation PCR Test Because They Can ‘Remain Positive Up To 12 Weeks’

 WEDNESDAY, DEC 29, 2021 – 12:11 PM

Just when you thought things couldn’t get more absurd, the Biden administration is now dropping PCR tests from its Covid end-of-isolation guidelines because they can stay positive for up to 12 weeks.

“So we would have people in isolation for a very long time if we were relying on PCRs,” said CDC Director Rochelle Walensky on a Wednesday appearance on “Good Morning America.”

Some had speculated that the lack of testing requirement is due to a short supply of tests – however Walensky said on Wednesday that’s not the case.

“This really had nothing to do with supply. It had everything to do with knowing what we would do with the information when we got it,” she told “CBS Mornings.”

According to the new CDC guidance, people who test positive for Covid-19, yet have no symptoms, can leave isolation after five days instead of ten, without testing again, and should wear a mask for the next five days.

“What we do know is about 85% to 90% of viral transmission happens in those first five days, which is why we really want people to stay home during that period of time,” said Walensky. “And then mask for the rest of the time to capture that last 10% to 15%.”

“We know it performs really well during that period where you’re initially infected, but the FDA has not at all looked at whether … your positive antigen really does correlate with whether you’re transmissible or not.”

So, even if someone tests negative with an antigen test after five days of isolation, the CDC would still urge them to wear a mask to prevent possible spread.

Since it wasn’t going to make a difference in our recommendations, we did not recommend an antigen at that period of time,” Walensky said.

However, she said antigen tests are “absolutely” recommended for individuals who are exposed to someone who has COVID-19. They should test five days after exposure or if they get symptoms, the CDC advises. –CBS News

 NYU infectious diseases specialist Dr. Celine Gounder slammed the FDA for not doing more due diligence on antigen tests.

“Frankly, the FDA has had two years to do these assessments that Dr. Walensky is referring to: whether they’re as good to make that initial diagnosis to say you’re contagious as they are for saying you are no longer contagious,” said Gounder Wednesday on “CBS Mornings.” “They’ve had two years and have been dragging their feet for two years.”

iii) important USA economic stories for you tonight

Just look what the wealthy are buying; armoured cars, safe rooms etc amid rising violent crime

(zerohedge)

Hollywood Elites Panic-Buy Armored-Cars And Safe-Rooms Amid Rising Violent Crime

 TUESDAY, DEC 28, 2021 – 08:40 PM

After years of rising crime in Los Angeles, elites in wealthy neighborhoods are finally panicking about the recent string of high-profile retail robberies and home burglaries. Experts say wealthy individuals are purchasing bulletproof cars, safe rooms, employing armed guards, and even constructing walls with barbed wire around their properties.

The issue of violent crime is nothing new to Los Angeles, but a spillover to upscale neighborhoods has put elites on edge. The Hollywood Reporter reports agencies who provide private security are seeing increasing demand for private patrols. 

Since August, Rising S Company, a company that builds underground bunkers, has installed 13 safe rooms, nine safe doors, two underground bunker shelters, and two window fortifications across Brentwood Park, Beverly Park, and Paradise Cove. This compares with seven safe rooms in California in the last 2.5 years. 

Estate manager Bryan Peele, president and founder of the L.A.-based Estate Managers Coalition, said his clients have “fully equipped safe rooms that they can live in for a few days, if necessary, that are completely hard-wired with phone cables, Internet, everything.”

One of Peele’s clients has three bulletproof cars and wears fake Rolexes. “This guy will take a $200,000 Rolex and copy it, using stainless steel and other metals, so it looks like the original but costs maybe $2,000-$3,000 per watch. So, in the event that it’s stolen, the client is out a lot less money,” he said. 

Many upscale homes are installing more cameras, constructing fences with barbed wire, and employing 24-7 security details that will protect them from once their private jet touches down to their mansions. 

Some people are even taking firearm and self-defense classes so they will know how to defend their family and or themselves in an emergency. 

Violent crime rises from an alarming cocktail of criminal justice reforms. For instance, thieves can steal up to $950 in goods and receive a slap on the wrist, the equivalent of a traffic ticket. Criminal gangs have taken advantage of relaxed laws and have recently gone on a wave of retailer smash and grab robberies. There have also been high-profile robberies of elites. 

When philanthropist Jacqueline Avant was murdered in her Beverly Hills mansion earlier this month, it was a wake-up call for the community.

“Almost immediately after the Avant shooting, it’s been crazy busy. We have increased operations in that area tremendously,” said Aaron Jones, CEO of International Protective Security. “I have a lot of regular VIPs; when people call, I get on the phone with them. We understand the urgency of what’s going on. It’s nonstop.”

Criminal justice reforms caused all this madness. Law and order needs to be restored or people will start moving out of the area. 

end

Simply awful!! what is wrong with these criminals.  By the way, HHS secretary is nowhere to be found.  He is a no show to all meetings and events.

(Phillip/EpochTimes)

Florida Surgeon General: Biden Admin “Actively Preventing” Monoclonal Antibody Treatments

 WEDNESDAY, DEC 29, 2021 – 01:10 PM

Authored by Jack Phillips via The Epoch Times,

Florida Surgeon General Joseph Ladapo on Tuesday accused the Biden administration of actively blocking the sending of monoclonal antibody treatments for COVID-19 patients to Florida, according to a letter he sent to Secretary of Health and Human Services (HHS) Xavier Becerra.

Both HHS and the Food and Drug Administration (FDA) announced in September the federal government would pause the distribution of antibody therapies manufactured by Regeneron and Eli Lily.

The White House still supplies Sotrovimab, a monoclonal antibody from Glaxosmithkline, which reportedly works against the Omicron variant.

But Ladapo, who was appointed by Florida Gov. Ron DeSantis several months ago, contended that “federal agencies under your control should not limit our state’s access to any available treatment for COVID-19,” according to his letter to Becerra.

“Florida can expand treatment options for patients by distributing therapeutics to providers working in areas with a low prevalence of Omicron or clinics capable of variant screening,” his letter read.

Going a step further, Ladapo accused the administration of “actively preventing the effective distribution of monoclonal antibody treatments in the U.S.” and remarked that the “sudden suspension of multiple monoclonal antibody therapy treatments from distribution to Florida removes a health care provider’s ability to the best treatment options for their patients in this state.”

The White House and HHS did not immediately respond to The Epoch Times’ request for comment.

Ladapo also made references to President Joe Biden’s recent comment about there being “no federal solution” to deal with the two-year-long pandemic. The president suggested that state governments ultimately are in control of their own destinies.

“Florida is a large, diverse state with one of the highest percentages of seniors in the U.S., and we must empower healthcare providers to make decisions that will save the lives of Americans everywhere without the dictates imposed by the federal government,” Ladapo added in the letter.

Earlier this week, Republican Texas Gov. Greg Abbott criticized the federal government for not distributing Sotrovimab after several infusion centers ran out of the treatment therapy.

On Wednesday, Centers for Disease Control and Prevention Director (CDC) Rochelle Walensky, in a round of television interviews, said she was watching the nation’s caseload and its potential impact on health care providers due to the Omicron variant.

“We may have many, many more cases and so we may still very well see a lot of severe disease in the hospitals,” Walensky said.

States showing the highest daily infection numbers on Tuesday included New York, which reported as many as 40,780 cases, and California, which reported over 30,000. Texas reported more than 17,000 cases and Ohio over 15,000.

The Omicron variant was estimated to make up 58.6 percent of the COVID-19 variants circulating in the United States as of Dec. 25, according to data from the CDC.

this could put a big dent in earnings with $400 million in ESPN revenue at risk

end

Mexican government will allow cruise ships to land despite COVID 19. Mexico will probably be flooded with the Omicron

(Roberts/EpochTimes)

Mexican Government Allowing Cruise Ships With COVID-19 To Disembark

WEDNESDAY, DEC 29, 2021 – 03:25 PM

Authored by Katabella Roberts via The Epoch Times,

Mexico will allow cruise ships carrying people infected with COVID-19 to dock, the country’s government announced on Tuesday.

In a news release, the government said it will allow passengers who show symptoms of the virus, also known as SARS-CoV-2, to disembark but they must quarantine. Those who test positive will be provided with medical assistance.

“In accordance with the biosafety protocols established in the national and international spheres, the Government of Mexico will receive in its maritime ports cruise ships that request to dock in our country,” they said in a statement.

Asymptomatic people or those with a mild condition will be kept in preventive quarantine, while individuals who present serious symptoms will be treated in the hospitals of the cities where they disembarked.

Passengers or crew who do not show symptoms of COVID-19 will “enjoy free transit” but must follow preventative measures such as wearing face masks, regularly washing hands with soap and water, or using 70 percent alcohol-gel, and maintain a “healthy” social distance.

The release also said that a cruise ship that was recently denied entry to a Mexican port would be allowed to dock but did not provide further details as to which cruise ship it was referencing.

The Mexican state of Jalisco’s health department confirmed in a statement to media outlets on Dec. 29 that 21 crew members onboard the Koningsdam cruise line tested positive for the virus when it arrived in the tourist resort city of Puerto Vallarta over the weekend.

Holland America confirmed in a statement on Saturday to news outlets that a “small number of fully-vaccinated crew on Koningsdam tested positive for COVID-19.”

“All are showing mild or no symptoms and are in isolation. Close contacts have been quarantined out of an abundance of caution,” the cruise line said.

According to the Jalisco health department, all crew members were tested for COVID-19 prior to departure on Dec. 19 and just one person tested positive for the CCP (Chinese Communist Party) virus, which causes COVID-19.

“Regarding a cruise ship that was denied access in two maritime ports of our country, it is reported that it will be received in the port of Guaymas, Sonora, with the support of the government of that entity,” the Mexican government said on Tuesday.

“The Secretaries of Health and Tourism of the Government of Mexico reiterate the commitment to respect the provisions of the International Health Regulations of the World Health Organization (WHO), for which cruises will be received in ports maritime of the country,” the release continued.

“Our country maintains its policy of solidarity and fraternity, as well as the principle of non-discrimination towards all people, so the health and tourism authorities remain pending to provide necessary medical assistance to those who visit us for recreational, work, commercial reasons, and academics, among other activities, carried out in compliance with national laws,” the release said.

Mexico is one of the few countries in the world that has not implemented travel bans, testing requirements, or mandatory face mask wearing for visitors.

The country’s deputy health secretary, Dr. Hugo López-Gatell Ramírez, said on Nov. 27 that travel restrictions and border closures in response to the recently discovered Omicron variant of the virus are “unhelpful measures” that will affect the economy and well-being of the people.

“It [Omicron variant] has not been shown to be more virulent or to evade the immune response induced by vaccines,” Ramírez said last month.

end

According to data from the World Health Organization (WHO), there have been 298,777 deaths from the CCP virus in Mexico. Some 138,851,637 vaccine doses have been administered.

(zerohedge)

$400 Million In ESPN Ad Revenue At Risk As Bowl Games Risk COVID Cancellations

 WEDNESDAY, DEC 29, 2021 – 01:31 PM

As one headline after another breaks that the new Omicron Covid variant looks more and more like the common cold, businesses still have very serious amounts of money at risk thanks to overbearing “Covid protocols” being forced down everyone’s throat (and up their noses).

The latest example is Disney’s ESPN, which has as much as $400 million in college football playoff advertising at risk hanging in the balance of a series of Covid tests, which will ultimately determine which College Football Bowl Games will be played and which will be cancelled. 

The Hawaii, Military and Fenway bowls have all been cancelled already, Bloomberg reported this week, as a result of surging Covid cases. Playoff organizers are also taking steps to determine whether or not the national championship game can be played this year. 

ESPN told Bloomberg: “We are working closely with the College Football Playoff and other bowl organizers and are confident in the health and safety plans they have in place for the games to be played as scheduled.”

Post-season college football brings in between $350 million and $400 million in ad revenue annually, the report says. Revenue was up about 8% from 2013 to 2018. 

The threat to ad revenue comes at the same time traditional broadcasting names and cable providers are dealing with the threat of streaming services. Last year’s national championship game had 27% less viewers than the year before. 

ESPN is responsible for about $12 billion in annual revenue and $4.3 billion in EBITDA for Disney. 

 iii)b USA inflation commentaries//LOG JAMS//

The real measure of interest rates:

Every Measure Of Real Interest Rates Shows The Fed Is Out Of Control

 WEDNESDAY, DEC 29, 2021 – 12:32 PM

Authored by Mike Shedlock via MishTalk.com,

The Fed is out of control. Here are a few charts that show by how much.

Real Interest Rates

Real interest rates are the difference between measures of inflation and what the interest rate the Fed sets in bank policy. 

Rates are at or near record negative levels.

Three Extreme Measures 

  • CPI: -6.73
  • PCE: -5.65
  • Housing Adjusted CPI: -9.23

Housing Adjusted CPI

Home prices are not in the CPI. In lieu of direct measures of housing prices, the BLS uses Owners’ Equivalent Rent (OER). 

OER is the single largest component in the CPI with a weight of 24.26%.

I calculate a housing-adjusted CPI by substituting the Case-Shiller National Home index for OER.

The latest Case-Shiller data is for October.

CS National , Top 10 Metro, CPI, OER, Percent Change 

Percent Changes Year-Over-Year (October)

  • Case Shiller National: 19.07%
  • Case Shiller 10-City: 17.04%
  • CPI: 6.22%
  • OER: 3.13%
  • Primary Rent: 2.70%

Whereas national home prices are up 19.07% (down from a record 19.96% two months ago), OER is up a mere 3.13%

Case-Shiller Home Price Index 

Huge Disconnect

Economists vs Human Beings

The average person would look at the above home price charts and scream “Inflation”. In contrast, the average economist sees nothing at all. 

The distinction comes about because homes are allegedly not a consumer item. Martians buy them. 

More accurately, the average economist considers homes a capital expense that has nothing at all to do with inflation. 

I understand the economists’ point of view, but I am concerned with “inflation” not alleged “consumer inflation”. 

Do Housing Prices Belong in the CPI?

A housing-adjusted CPI is not a perfect measure of inflation and it may not even be a good one.

However, it’s a better measure of inflation than pretending prices are only going as measured by Personal Consumption Expenditures (PCE) or the CPI.

Bad Things Happen

The Fed’s preferred measure is PCE. For November, PCE is up a mere 5.7% year-over-year.

Bad things happen when the Fed ignores asset bubbles. And the way to ignore asset bubbles is to pretend housing, land prices, speculation in Bitcoin, and insane stock market valuations are not inflation.

It’s difficult to state the inflation effect on stocks or Bitcoin but housing is one most human beings easily see even though the Fed and Martian economists can’t.

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

The King Report for December 29, 2021 Issue 6666Independent View of the News
@P_McCulloughMD: Omicron game-changer, mild brief without major systemic invasion, escapes natural, vaccinated, and monoclonal antibodies.  Explained by heavily mutated RBD on S1.  Will induce additional immunity to new Spike and 26 additional proteins including nucleocapsid“Natural Booster  https://twitter.com/P_McCulloughMD/status/1475856149115293701
 
Striking Antibody Evasion Manifested by the Omicron Variant of SARS-CoV-2
We found B.1.1.529 to be markedly resistant to neutralization by serum not only from convalescent patients, but also from individuals vaccinated with one of the four widely used COVID-19 vaccines. Even serum from persons vaccinated and boosted with mRNA-based vaccines exhibited substantially diminished neutralizing activity against B.1.1.529. By evaluating a panel of monoclonal antibodies to all known epitope clusters on the spike protein, we noted that the activity of 17 of the 19 antibodies tested were either abolished or impaired, including ones currently authorized or approved for use in patients. In addition, we also identified four new spike mutations (S371L, N440K, G446S, and Q493R) that confer greater antibody resistance to B.1.1.529. The Omicron variant presents a serious threat to many existing COVID-19 vaccines and therapiescompelling the development of new interventions that anticipate the evolutionary trajectory of SARS-CoV-2
https://www.biorxiv.org/content/10.1101/2021.12.14.472719v3.abstract
 
The above research implies that Omicron is the end of the line for vaccines (now ineffective) and treatments should be the priority to fight Covid and its variants/mutations.
 
A Brand New Study Suggests The Omicron Variant Will Mean the End of Covid as We Know It
“The increase neutralizing immunity against Omicron was expected – that is the virus these individuals were infected with,” Sigal noted. “However, we also saw that the same people – especially those who were vaccinated – developed enhanced immunity to the Delta variant. If, as it currently looks like from the South African experience, Omicron is less pathogenic, then this will help push Delta out, as it should decrease the likelihood that someone infected with Omicron will get re-infected with Delta.”
    This may be the proverbial “dead end” for Covid that was once promised. However, unlike the ‘vaccines’ touted by the likes of Dr. Anthony Fauci, nature will put an end to the Covid pandemic. Just like all other pandemics in human history… (To the chagrin of big pharma, nature’s vaccine emerges!)
https://beckernews.com/a-brand-new-study-suggests-the-omicron-variant-will-mean-the-end-of-covid-as-we-know-it-43529/
 
Omicron infection enhances neutralizing immunity against the Delta variant
https://secureservercdn.net/50.62.198.70/1mx.c5c.myftpupload.com/wp-content/uploads/2021/12/MEDRXIV-2021-268439v1-Sigal.pdf
 
@MorningAnswer: Plenty of blue states are in denial, but with Omicron, COVID is over. Why?
– Cases have become a meaningless metric as hospitalizations and deaths no longer follow increases in cases. – Vaccines do not stop infection or transmission, so mandates are unnecessary. – If masks worked to stop transmission, why haven’t they? There is no correlation between masking and cases. We have almost 2 years of data on this. End mask mandates. – We have plenty of data showing lockdowns, closures, & remote learning are both ineffective and dangerous. – The virus is clearly seasonal… you can’t mitigate anything… Bottom line — end all mandates and mitigations…
 
@zerohedge: Moderna Shares Extend Slide to 50% from August Record High
Pfizer declined as much as 3.6%.
The Fed’s Doomsday Prophet Has a Dire Warning About Where We’re Headed
Thomas Hoenig knew what quantitative easing and record-low interest rates would bring.
     In 2010, Hoenig was president of the Federal Reserve regional bank in Kansas City… Hoenig’s string of dissents shattered that appearance of unanimity at a critically important time, when the Fed was expanding its interventions in the American economy to an unprecedented degree…
    The historical record shows that Hoenig was worried primarily that the Fed was taking a risky path that would deepen income inequality, stoke dangerous asset bubbles and enrich the biggest banks over everyone else. He also warned that it would suck the Fed into a money-printing quagmire that the central bank would not be able to escape without destabilizing the entire financial system
    As a bank examiner, Hoenig spent the 1970s watching as the Fed’s policies helped pile on the inflationary tinder that would later ignite…
    “The real danger comes from [the Fed] encouraging or inadvertently tolerating rising inflation and its close cousin of extreme speculation and risk taking, in effect standing by while bubbles and excesses threaten financial markets,” Volcker later wrote in his memoir…
    Hoenig, for instance, liked to talk a lot about something called the “allocative effect” of keeping interest rates at zero. The allocative effect wasn’t something that people debated at the barbershop, but it was something that affected everyone. Hoenig was talking about the allocation of money and the ways in which the Fed shifted money from one part of the economy to another. This is what he’d witnessed during the 1970s. The Fed’s policies encouraged or discouraged things like Wall Street speculation that could lead to ruinous financial crashes.  But it also did more than that — encouraging speculation and rising asset prices also shifts money between the rich and the poor because the rich own the vast majority of assets in the United States. Hoenig was worried that a decade of zero-percent interest rates would have the same effect…In May of 2020, Hoenig published a paper that spelled out his grim verdict on the age of easy money, from 2010 until now…The only part of the economy that seemed to benefit under quantitative easing and zero-percent interest rates was the market for assets
     When the financial system benefited only a handful of people, average people started to lose faith in society as a whole… “Do you think that we would have had the political, shall we say turmoil, revolution, we had in 2016, had we not had this great divide created?…
https://www.politico.com/news/magazine/2021/12/28/inflation-interest-rates-thomas-hoenig-federal-reserve-526177
 
Biden Chief of Staff @RonaldKlain 11:34 AM · Jun 24, 2020I’ve been saying since March that we can’t beat COVID with an “Articles of Confederation” response.  We have a national government for a reason.  If Donald Trump won’t use it to beat this killer disease, I know someone who will, starting on 1/20/21.  (Need some sweet sauce to digest this crow?)
 
We’re eight months into this pandemic, and Donald Trump still doesn’t have a plan to get this virus under control. I do.” — @JoeBiden   October 16, 2020.
 
More than 230,000 Americans have died from COVID-19 –– and Donald Trump has given up on trying to get the virus under control. He may have quit on you, but I promise I never will.” – @JoeBiden November 1, 2020
 
GOP Sen. @TomCottonAR: When Joe Biden says “there is no federal solution,” he’s trying to avoid blame for his incompetence.  If he really believes this, he should rescind his unconstitutional federal mandates.  There’s no federal solution, but the fed government can help by securing the border, approving safe treatments & tests, and appointing competent leaders at the FDA & CDC.  Biden opened the border, botched testing, and outsourced CDC’s guidance to the teachers’ unions.
 
@ClayTravis: 95% of NFL players, 97% of NBA players, and nearly 100% of NHL players are vaccinated. Yet all three sports leagues continue to set all time covid case highs. This proves beyond a shadow of a doubt Biden’s claim that if everyone was vaccinated covid would go away is a lie… That’s despite pro athletes being far younger & healthier than general public. If covid shots aren’t stopping covid for them, why would they for general public?
 
@YossiGestetner: Biden gave Trump credit for the vaccines 5 days before Biden said ‘there is no federal solution to COVID’ because things are so out of control. Stockholm-Syndrome suffering Trump ate it up like the moron that he is.  Walked straight into it.
  Thank God Trump isn’t POTUS or else these long lines; shortage of tests; cases breaking records, and vaccines needing second boosters would be a fireball of scandal, outrage, resignations and investigations. Now all calm. COVID is not gonna get solved federally & happy new year.
 
@JackPosobiec: And just like that CNN admits cloth masks do not stop COVID.  We are in the turn.
https://twitter.com/JackPosobiec/status/1475918570588622850
 
WaPo’s Jennifer Rubin roasted over COVID about-face after urging Americans to ‘stop agonizing’ over cases – Rubin’s past tweets come back to haunt her
https://www.foxnews.com/media/rubin-covid-stop-agonizing
 
The FT: Companies raise over $12tn in ‘blockbuster’ year for global capital markets
Central bank stimulus programmes contribute to ‘frantic pace’ of equity and debt fundraising
https://www.ft.com/content/5f4289e9-93c3-42fb-acd9-31e4d8b95d5e @chigrl: There are 5 companies that own all of the MSM. There are 9 companies that own everything you consume. This is global.
 
@ggreenwald: Over the last decade, corporate outlets decided their only profit model was to feed a specific ideological camp a non-stop orgy of validation and flattery. That’s why so many fail: Vice/Gizmodo/HuffPost/Vox = NYT/NewYorker/Atlantic. Same ideology, no dissent: purely insular.
    As their audience, prestige and influence rapidly erodes, the go-to line of attack for old corporate outlets is to claim that their more successful, more independent competitors only speak to a homogenous audience. That’s true of *them*: we speak to a diverse range of readers.
 
Russia Mocks Woke American Snowflakes with Christmas Diversity Guide
The Russian state-sponsored RT has put together a two-minute clip mocking everything that the American left has become with a “Christmas Tolerance-Diversity Guide 2022,” which trolls the US with everything from feminized cuckold husbands to transgender snowmen, to culturally appropriating a reindeer….
https://www.zerohedge.com/geopolitical/russia-mocks-woke-american-snowflakes-christmas-diversity-guide
 
@ThomasSowell: People will forgive you for being wrong, but they will never forgive you for being right—especially if events prove you right while proving them wrong.
 
Ex-Dem Senate Leader Harry Reid (Nevada) has passed away at 82.
 
RIP Jimmy Cayne, former Bear Stearns CEO during its heyday.  He was very gracious to us.
 
James Cayne, Bear Stearns CEO Through Rise and Fall, Dies at 87
https://www.bloomberg.com/news/articles/2021-12-28/james-cayne-bear-stearns-ceo-through-rise-and-fall-dies-at-87
    

.END

SWAMP STORIES //

Medallion Financial Shares Plunge More Than 50% After SEC Alleges Company, CEO Murstein, Committed Fraud

 WEDNESDAY, DEC 29, 2021 – 10:15 AM

Shares of Medallion Financial are plunging on Wednesday morning after the U.S. Securities and Exchange Commission charged the company, and its President and Chief Operating Officer, Andrew Murstein, with fraud.

Shares plunged and were halted at the cash open after the SEC claimed that “Murstein and Medallion allegedly directed two separate schemes to inflate the company’s stock price, in part with the help of California-based media strategy company, Ichabod’s Cranium, Inc., and its owner, Lawrence Meyers, both of whom were also charged by the SEC with fraud,” according to Bloomberg. 

Murstein has also been charged with making false statements to Medallion’s auditor.

The SEC’s press release read:

The complaint, filed in federal district court in Manhattan, alleges that Murstein and Medallion engaged in illegal touting by paying Ichabod’s Cranium and others to place positive stories about the company on various websites, including Huffington Post, Seeking Alpha, and TheStreet.com. With Murstein’s knowledge, Meyers and others created fake identities so their opinion pieces would appear credible to potential investors. The complaint further alleges that Medallion and Murstein fraudulently increased the carrying value of Medallion Bank (the Bank), a wholly owned subsidiary of Medallion, to offset losses relating to the taxicab medallion loans. The complaint alleges that when the existing valuation firm refused to cave to Murstein’s pressure to increase the Bank’s valuation, Murstein fired the firm and hired a new firm to provide an inflated valuation of the Bank.

The company allegedly violated “the antifraud, books and records, internal controls, and anti-touting provisions of the federal securities laws,” the report continued. 

As a result the SEC is seeking an officer and director bar against Murstein, permanent injunctions, disgorgement plus prejudgment interest, and civil penalties.

You can read the full SEC complaint here.

end

Twitter suspends mRNA inventory Dr Robert Malone for commentary on Pfizer’s injuries from vaccine

Insanity!

(zerohedge)

Twitter Suspends mRNA Inventor Dr. Robert Malone

 WEDNESDAY, DEC 29, 2021 – 01:45 PM

After months of providing valuable Covid-19 information that runs counter to the official narrative, Twitter has finally banned Dr. Robert Malone, inventor of mRNA technology.

Malone, who will appear on the Joe Rogan show Thursday according to associate Ed Dowd (one of four contributors to the Malone doctrine), had more than 520,000 followers. He has been an outspoken critic of both mRNA vaccines, as well as the abysmal failures of policymakers worldwide in responding to the pandemic.

He was not warned or provided an opportunity to delete any offending tweets – instead he was “just suspended,” Dowd continued.

Here’s Malone’s last tweet – sharing an article which claims that the Pfizer Covid-19 vaccine does ‘more harm than good.’image.png

Malone can still be followed via his substack page.

end

From G to us:

the-pfizer-inoculations-for-covid-19-more-harm-than-good-2 — Robert Malone the inventor of the mRNA referred to this study what does that tell you !! be careful taking the boost.

Inbox

Gijsbert Groenewegen2:57 PM (4 minutes ago)
to Gijsbert

Watch this video of the Pfizer 6 month data which shows that Pfizer’s COVID-19 inoculations cause more illness than they prevent. Plus, an overview of the Pfizer trial flaws in both design and execution. Just a warning against the recurring boosts!

https://www.canadiancovidcarealliance.org/media-resources/the-pfizer-inoculations-for-covid-19-more-harm-than-good-2/end

Well that is all for today

I will see you tomorrow

h

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