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comex notices//JPMorgan notices filed 230/346

COMEX//NOTICES FILED

EXCHANGE: COMEX
CONTRACT: JANUARY 2022 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,798.400000000 USD
INTENT DATE: 01/10/2022 DELIVERY DATE: 01/12/2022
FIRM ORG FIRM NAME ISSUED STOPPED

132 C SG AMERICAS 162
363 H WELLS FARGO SEC 1
624 H BOFA SECURITIES 115
657 C MORGAN STANLEY 8
661 C JP MORGAN 139 230
905 C ADM 37

TOTAL: 346 346
MONTH TO DATE: 1,521

MONTH TO DATE: 1,175

NUMBER OF NOTICES FILED TODAY FOR JAN. CONTRACT: 346 NOTICE(S) FOR 34600 OZ (1.076 TONNES)

total notices so far: 1521 contracts for 152100 oz (4,731 tonnes)

SILVER NOTICES:

171 NOTICE(S) FILED TODAY FOR 855,000 OZ/

total number of notices filed so far this month 2151 : for 10,755,000 oz

GLD

WITH GOLD UP $19.25

WITH RESPECT TO GLD WITHDRAWALS: (OVER THE PAST FEW MONTHS): A SMALL CHANGE IN GOLD INVENTORY AT THE GLD//A WITHDRAWAL OF .87 TONNES FROM THE GLD//

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//

CLOSING INVENTORY: 976.21 TONNES/

Silver//SLV

WITH NO SILVER AROUND AND SILVER UP 33 CENTS:/:

NO CHANGES IN SILVER INVENTORY:

AT THE SLV//

INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV

CLOSING INVENTORY SLV/ TONIGHT: 530.612 MILLION OZ

Let us have a look at the data for today

SILVER//OUTLINE

SILVER COMEX OI ROSE BY A GOOD 581 CONTRACTS TO 142,517 AND RESTS CLOSER TO THE NEW RECORD OF 244,710, SET FEB 25/2020.. WITH THE $0.09 GAIN IN SILVER PRICING AT THE COMEX ON MONDAY. 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 1594 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 10.505 MILLION OZ FOLLOWED BY TODAY’S 120,000 OZ QUEUE JUMP V) STRONG SIZED COMEX OI GAIN.

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

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

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

TOTAL CONTACTS for 7 days, total contracts: : 4189 contracts or 20.945 million oz OR 2.992 MILLION OZ PER DAY. (598 CONTRACTS PER DAY)

TOTAL NO OF OZ UNDERGOING EFP TO LONDON 3639 CONTRACTS X 5,000 PER CONTRACT:

EQUATES TO: 20.945 MILLION OZ

LAST 8 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

DEC: 100.615 MILLION OZ

RESULT: WE HAD A GOOD SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 581 WITH OUR 9 CENT GAIN SILVER PRICING AT THE COMEX// MONDAY THE CME NOTIFIED US THAT WE HAD A STRONG SIZED EFP ISSUANCE OF 550 CONTRACTS( 550 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 JAN OF 10.505 MILLION OZ FOLLOWED BY TODAY’S 855,000 OZ EFP TO QUEUE JUMP//NEW STANDING 13.120, MILLION OZ// .. WE HAD A STRONG SIZED GAIN OF 1131 OI CONTRACTS ON THE TWO EXCHANGES FOR 7.97 MILLION OZ//

WE HAD171 NOTICES FILED TODAY FOR 855,000 OZ

GOLD//OUTLINE

IN GOLD, THE COMEX OPEN INTEREST ROSE BY A STRONG SIZED 8,641 TO 526,222 , 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: -5531 CONTRACTS

THE STRONG SIZED INCREASE IN COMEX OI CAME DESPITE OUR SMALL GAIN IN PRICE OF $2.00//COMEX GOLD TRADING/MONDAY/.AS IN SILVER WE MUST HAVE HAD HUGE BANKER/ALGO SHORT COVERING ACCOMPANYING OUR FAIR SIZED EXCHANGE FOR PHYSICAL ISSUANCE. WE HAD ZERO LONG LIQUIDATION AS THE TOTAL GAIN ON OUR TWO EXCHANGES TOTALLED A STRONG SIZED 11,041 CONTRACTS…

WE ALSO HAD A HUGE INITIAL STANDING IN GOLD TONNAGE FOR JAN AT 3.5614 TONNES FOLLOWED BY TODAY’S 50,800 OZ EQUEUE. JUMP//NEW STANDING: 5.346 TONNES

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

WE HAD A STRONG SIZED GAIN OF 11,041 OI CONTRACTS (34.32 PAPER TONNES) ON OUR TWO EXCHANGES

E.F.P. ISSUANCE

THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALLED A FAIR SIZED 2400 CONTRACTS:

FOR FEB 2400 ALL OTHER MONTHS ZERO//TOTAL: 2400

The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 526,222.

IN ESSENCE WE HAVE A STRONG SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 11,041, WITH 8,641 CONTRACTS INCREASED AT THE COMEX AND 2400 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN ON THE TWO EXCHANGES OF 11,041 CONTRACTS OR 34.32TONNES.

CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES

WE HAD A FAIR SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (2400) ACCOMPANYING THE STRONG SIZED GAIN IN COMEX OI (8641): TOTAL GAIN IN THE TWO EXCHANGES 11,041 CONTRACTS. WE NO DOUBT HAD 1) HUGE BANKER SHORT COVERING ,2.) HUGE INITIAL STANDING AT THE GOLD COMEX FOR JAN. AT 3.7262 TONNES//FOLLOWED BY TODAY’S 50,800 OZ QUEUE. JUMP.//NEW STANDING 5.346 TONNES 3)ZERO LONG LIQUIDATION,4) STRONG SIZED COMEX OI. GAIN 5) FAIR 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 FEB.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 JAN HEADING TOWARDS THE ACTIVE DELIVERY MONTH OF FEB, 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 (FEB), AND THAT IS WHEN THE CROOKS SELL THEIR SPREAD POSITIONS BUT NOT AT THE SAME TIME OF THE DAY. THEY WILL USE THE SELL SIDE OF THE EQUATION TO CREATE THE CASCADE (ALONG WITH THEIR COLLUSIVE FRIENDS) AND THEN COVER ON THE BUY SIDE OF THE SPREAD SITUATION AT THE END OF THE DAY. THEY DO THIS TO AVOID POSITION LIMIT DETECTION. THE LIQUIDATION OF THE SPREADING FORMATION CONTINUES FOR EXACTLY ONE WEEK AND ENDS ON FIRST DAY NOTICE.”

HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS IN 2021 INCLUDING TODAY

JAN

ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF JAN : 21,395 CONTRACTS OR 2,379,500 oz OR 74.01 TONNES (7 TRADING DAY(S) AND THUS AVERAGING: 3056 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 7 TRADING DAY(S) IN TONNES: 66/55 TONNES

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

THUS EFP TRANSFERS REPRESENTS 74.01/3550 x 100% TONNES 2.08% 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. 145.12 TONNES//INITIAL ISSUANCE//

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

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

1.Today, we had the open interest at the comex, in SILVER, ROSE BY A STRONG SIZED 581 CONTRACTS TO 142,517 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 550 CONTRACTS

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

MAR 550 ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 550 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. IF WE TAKE THE COMEX OI GAIN OF 581 CONTRACTS AND ADD TO THE 550 OI TRANSFERRED TO LONDON THROUGH EFP’S,

WE OBTAIN A STRONG SIZED GAIN OF 1131 OPEN INTEREST CONTRACT FROM OUR TWO EXCHANGES.

THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES 5.655 MILLION OZ,

OCCURRED WITH OUR $0.09 GAIN IN PRICE.

OUTLINE FOR TODAY’S COMMENTARY

1/COMEX GOLD AND SILVER REPORT

(report Harvey)

2 ) Gold/silver trading overnight Europe,

(Peter Schiff,

3. Egon von Greyerz///Matthew Piepenburg via GoldSwitzerland.com,

3. ASIAN AFFAIRS

i)TUESDAY MORNING MONDAY NIGHT

SHANGHAI CLOSED DOWN 26.08 PTS OR 0.72% //Hang Sang CLOSED DOWN 7.48 PTS OR 0.03% /The Nikkei closed DOWN 256.08 PTS OR .90% //Australia’s all ordinaires CLOSED DOWN .71% /Chinese yuan (ONSHORE) closed UP 6.3738 /Oil UP TO 79.47 dollars per barrel for WTI and UP TO 81.99 for Brent. Stocks in Europe OPENED ALL GREEN // ONSHORE YUAN CLOSED UP AGAINST THE DOLLAR AT 6.3738. OFFSHORE YUAN CLOSED UP ON THE DOLLAR AT 6.3806: /ONSHORE YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN AND OFF SHORE TRADING STRONGER AGAINST USA DOLLAR

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

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

GOLD

LET US BEGIN:

THE TOTAL COMEX GOLD OPEN INTEREST ROSE BY A STRONG SIZED 8,641 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 STRONG COMEX INCREASE OCCURRED DESPITE OUR SMALL GAIN OF $2.00 IN GOLD PRICING MONDAY’S COMEX TRADING. WE ALSO HAD A FAIR EFP (2400 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 NON ACTIVE DELIVERY MONTH OF JAN.. THE CME REPORTS THAT THE BANKERS ISSUED A FAIR SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS.,

THAT IS 2400 EFP CONTRACTS WERE ISSUED: ;: , DEC : 0 & FEB. 2400 & ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE: 2400 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 HUMONGOUS SIZED 16,522 TOTAL CONTRACTS IN THAT 2500 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE HAD A GIGANTIC SIZED COMEX OI GAIN OF 14,172 CONTRACTS..

// WE HAVE A STRONG AMOUNT OF GOLD TONNAGE STANDING FOR JAN (5.344),

HERE ARE THE AMOUNTS THAT STOOD FOR DELIVERY IN THE PRECEDING 12 MONTHS OF 2021:

DEC 2021: 112.217 TONNES

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 ’21. 113.424 TONNES

JAN ’21: 6.500 TONNES.

TOTAL SO FAR THIS YEAR (JAN- DEC): 601.213 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 34.32 TONNES, ACCOMPANYING OUR HUGE GOLD TONNAGE STANDING FOR JAN (5.344 TONNES)…

WE HAD – 5531 CONTRACTS REMOVED FROM COMEX TRADES. THESE WERE REMOVED AFTER TRADING ENDED LAST NIGHT

NET GAIN ON THE TWO EXCHANGES 11,041 CONTRACTS OR 1,104,100 OZ OR 34.32 TONNES

Estimated gold volume today: 214,307 poor///

Confirmed volume yesterday: 224,695 contracts poor

INITIAL STANDINGS FOR JAN ’22 COMEX GOLD

JAN 11

Gold	Ounces
Withdrawals from Dealers* Inventory in oz*	nil oz
Withdrawals from Customer* Inventory in oz*	4,822.65 ozJPmorgan 150 kilobars
Deposit to the Dealer* Inventory in oz*	nilOZ
Deposits to the Customer* Inventory, in oz*	nil
No of oz served (contracts) today	346 notice(s)34,600 OZ1.076 TONNES
No of oz to be served (notices)	197 contracts 19,700 oz 0.6155 TONNES
Total monthly oz gold served (contracts) so far this month	1521 notices 152,100 OZ4.7309 TONNES
Total accumulative withdrawals of gold from the Dealers* inventory this month*	NIL oz
Total accumulation of gold from customer account

For today:

No dealer deposit 0

No dealer withdrawal 0

0 customer deposit

1 customer withdrawal

i) Out of JPMorgan: 4822.65 oz (150 kilobars)

ADJUSTMENTS: 0

CALCULATIONS FOR THE AMOUNT OF GOLD STANDING FOR JANUARY.

For the front month of JANUARY we have an oi of 543 stand for JANUARY GAINING 507 contracts. We had 0 notices filed on MONDAY, so we GAINED 507 contracts or an additional 50,700 oz will stand for

gold in this very non active delivery month of January

FEBRUARY LOST 16,058 CONTRACTS TO 305,287

March added 414 contracts to stand at 2241..

We had 346 notice(s) filed today for 34,600 oz FOR THE JAN 2022 CONTRACT MONTH

Today, 0 notice(s) were issued from J.P.Morgan dealer account and 139 notices were issued from their client or customer account. The total of all issuance by all participants equates to 0 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 230 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 JAN /2021. contract month,

we take the total number of notices filed so far for the month (1521) x 100 oz , to which we add the difference between the open interest for the front month of (JAN: 543 CONTRACTS ) minus the number of notices served upon today 346 x 100 oz per contract equals 171800 OZ OR 5.344 TONNES the number of TONNES standing in this NON active month of JAN. (numbers corrected from yesterday)

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

No of notices filed so far (1521) x 100 oz+ (543) OI for the front month minus the number of notices served upon today (346} x 100 oz} which equals 171,800 oz standing OR 5.344 TONNES in this NON active delivery month of JAN.

We GAINED 507 contracts or an additional 50,700 oz of gold will not stand for metal on this side of the pond.

TOTAL COMEX GOLD STANDING: 5.346 TONNES (VERY STRONG FOR A JANUARY DELIVERY MONTH)

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: 33,636,248.801 OZ (1046.22 TONNES)

TOTAL ELIGIBLE GOLD: 16,027,355.260 OZ (498.51 tonnes)

TOTAL OF ALL REGISTERED GOLD: 17,608,893.542 OZ (547.71 tonnes)

REGISTERED GOLD THAT CAN BE SERVED UPON: 15,955,876.0 OZ (REG GOLD- PLEDGED GOLD) 496.29 tonnes

END

JANUARY 2022 CONTRACT MONTH//SILVER

INITIAL STANDING FOR SILVER//JAN 11

Silver	Ounces
Withdrawals from Dealers* Inventory*	NIL oz
Withdrawals from Customer Inventory	1,024,678.430 oz HSBCCNT
Deposits to the Dealer* Inventory*	nilOZ
Deposits to the Customer Inventory	nil oz
No of oz served today (contracts)	171 CONTRACT(S)855,000 OZ)
No of oz to be served (notices)	473 contracts (2,365,000 oz)
Total monthly oz silver served (contracts)	2151 contracts 10,755,000 oz)
Total accumulative withdrawal of silver from the Dealers* inventory this month*	NIL oz
Total accumulative withdrawal of silver from the Customer* inventory this month*

And now for the wild silver comex results

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 deposits

JPMorgan has a total silver weight: 184.635 million oz/353.704 million =52.19% of comex

ii) Comex withdrawals: 2

a) out of CNT: 624,581.390 oz

b) out of HSBC: 500,097.040 oz

total withdrawal 1,024,678.430 oz

we had 0 adjustments

the silver comex is in stress!

TOTAL REGISTERED SILVER: 81.331 MILLION OZ

TOTAL REG + ELIG. 353.704 MILLION OZ

TOTAL NO OF CONTRACTS SERVED UPON THIS MONTH: 1980 CONTRACTS FOR 45,095,000 OZ

CALCULATION OF SILVER OZ STANDING FOR DECEMBER

NUMBER OF NOTICES FILED TODAY: 171 NOTICES OR 855,000 OZ

silver open interest data:

FRONT MONTH OF JAN//2022 OI: 644 CONTRACTS GAINING 171 contracts on the day

We had 0 notices filed for MONDAY so we GAINED 171 contracts or 855,000 additional oz will stand for delivery in this non active delivery month of January.

FOR FEB WE HAD A GAIN OF 56 CONTRACTS UP TO 697

FOR MARCH WE HAD A LOSS OF 947 CONTRACTS DOWN TO 113,840 CONTRACTS.

TOTAL NUMBER OF NOTICES FILED FOR TODAY: 171 for 855,000 oz

Comex volumes: 50,256 poor// est. volume today

Comex volume: confirmed YESTERDAY: 50,467 contracts (poor)

To calculate the number of silver ounces that will stand for delivery in JANUARY. we take the total number of notices filed for the month so far at 2151 x 5,000 oz =. 10,755,000 oz

to which we add the difference between the open interest for the front month of JAN (644) and the number of notices served upon today 171 x (5000 oz) equals the number of ounces standing.

Thus the standings for silver for the JAN./2021 contract month: 2151 (notices served so far) x 5000 oz + OI for front month of JAN (644) – number of notices served upon today (171) x 5000 oz of silver standing for the JAN contract month equates 13,120,000 oz. .

We GAINED 171 contracts or an additional 855,000 oz will stand for delivery on this side of the pond.

the record level of silver open interest is 234,787 contracts set on April 21./2017 with the price on 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

JAN 11/WITH GOLD UP $19.25/A SMALL CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF .87 TONNES FROM THE GLD/INVENTORY RESTS AT 976.21 TONNES

JAN 10/WITH GOLD UP $2.00/NO CHANGE IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 977.08 TONNES

JAN 7/WITH GOLD UP $8.15//A SMALL CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWLA OF 1.16 TONNES FROM THE GLD////INVENTORY RESTS AT 978.83 TONNES

JAN 6/WITH GOLD DOWN $35.30//A SMALL CHANGE IN GOLD INVENTORY AT THE GLD//A WITHDRAWAL OF .32 TONNES/INVENTORY RESTS AT 979.99 TONNES

JAN 5/WITH GOLD UP $10.30: NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 980.31 TONNES

Jan 4/WITH GOLD UP $14.00//A HUGE CHANGE OF 4.65 TONNES OF GOLD INTO THE GLD//INVENTORY RESTS AT 980.31 TONNES

JAN 3/WITH GOLD DOWN $26.70: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 975.66 TONNES

DEC 31/WITH GOLD UP $14.05 : NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 975.66 TONNES

DEC 30/WITH GOLD UP $7.75 NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 975.66 TONNES

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//

CLOSING INVENTORY: 976.21 TONNES

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

SLV.

JAN 11/WITH SILVER UP 33 CENTS TODAY; NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 530.612 MILLION OZ/.

JAN 10/WITH SILVER UP 9 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY RESTS AT 530.612 MILLION OZ//.

JAN 7/WITH SILVER UP 17 CENTS TODAY:NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 530.612 MILLION OZ//.

JAN 6/WITH SILVER DOWN 94 CENTS TODAY: A SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL PF 226,000 OZ FROM THE SLV///INVENTORY RESTS AT 530.612 MILLION OZ?/

JAN 5/WITH SILVER UP 8 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 530.838 MILLION OZ//

JAN 4/WITH SILVER UP 21 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 530.838 MILLION OZ//

JAN 3/WITH SILVER DOWN 45 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 2.219 MILLION OZ FROM THE SLV///INVENTORY RESTS AT 530.838 MILLION OZ//

DEC 31/WITH SILVER UP 29 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 533.057 MILLION OZ//

DEC30/WITH SILVER UP 14 CENTS TODAY; HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A HUGE WITHDRAWAL OF 4.624 MILLILON OZ FROM THE SLV.//INVENTORY RESTS AT 533.057 MILLION OZ//

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//

CLOSING INVENTORY: 530.612 MILLION OZ//

PHYSICAL GOLD/SILVER STORIES

PETER SCHIFF

Peter Schiff: The Fed Can’t Do What It’s Saying It Will Do

TUESDAY, JAN 11, 2022 – 08:23 AM

Via SchiffGold.com,

The Fed FOMC minutes came out last week, signaling tighter monetary policy. Peter Schiff talked about the minutes in his podcast, arguing that the Fed can’t do what it says it’s going to do. If it does, it will crash the markets and the economy. And it won’t lower inflation.

The Fed minutes were widely viewed as even more hawkish than the messaging coming out of the December meeting. Peter said the minutes even surprised him a bit. But he reminded us that when he’s talking about a “hawkish” Fed, he’s not really talking about hawks.

They’re extinct. They may as well be the dodo bird at the Federal Reserve. Everybody is a dove. We’re just talking about degrees of dovishness. And so, the Fed was less dovish than the markets had expected.”

The minutes indicated we could now see four interest rate hikes this year. Three hikes were widely anticipated after the meeting. That would push rates up to about 1% by the end of the year. In the big scheme of things, and against the backdrop of the current economic data, that’s not a lot.

You cannot describe those itsy-bitsy moves in any way ‘hawkish.’”

But comments regarding quantitative tightening – shrinking the balance sheet – really roiled the markets.

In other words, they’re going to go from being a massive buyer in US Treasuries and mortgage-backed securities to a seller of those securities. And that’s what really spooked the markets. Because that sent the bond markets tanking.”

Yields on the 10-year Treasury hit a 52-week high and briefly pushed above 1.8%.

If the Fed is going to shift from buying bonds to selling, clearly, that will put heavy pressure on the bond market. But Peter said there is one thing that the markets don’t seem to comprehend.

If the Fed actually follows through with this plan, if they actually start to shrink their balance sheet, bonds aren’t going to just fall. They’re going to crash. They have a long way to decline.”

Peter said that’s why he doesn’t think the Fed will actually follow through with its tightening plan.

I mean, sure, they can talk about it. But doing it is a whole different thing. But the markets still don’t understand how bad it would be.”

The only reason interest rates have dropped as low as they are is because the Fed has been massively intervening in the bond market and because a lot of people were under the impression there was no inflation. If we have 6.8% inflation, and the Fed is selling bonds, why would you expect yields on the 10-year to stay at 1.8%?

If the Federal Reserve is no longer buying any Treasuries, and in fact, again, selling Treasuries, and the US government is selling Treasuries, and the various trust funds, like the Social Security Trust Fund, are also selling Treasuries, everybody is trying to unload low-yielding Treasuries. What private buyers are going to buy them? Nobody is going to buy a 10-year Treasury yielding 1.8% when there’s a 7% inflation rate.”

Even if inflation comes down to 3 or 4%, why would you want to loan money at 1.8%?

You wouldn’t.

So, the reality is if the Fed actually does what it says it’s going to do, the bond market would crash. Which, again, is why it’s not going to do it. The same thing with all of these rate hikes. If the Fed continues to raise rates, not just in 2022, but in 2023, the way they’re indicating, the economy is going to move into a recession. The stock market is going to move into a bear market. Something is going to happen that is going to cause the Fed to do an about-face.”

Peter said it’s just amazing to him that people can actually call the proposed Fed policy of gradual rate hikes as being hawkish or that it is in any way a tight monetary policy designed to fight inflation.

In 2002, the economy went into a recession that coincided with the bursting of the dot-com bubble and the 9/11 attacks. What did the Fed do in 2002 in order to “stimulate” the economy? It slashed interest rates — to 1%.

At that time, unemployment was 5.4%. The CPI was 1.58%. And GDP grew by 1.7% in 2002. Against that backdrop, the Fed was stimulating.

Today, the unemployment rate is 3.9%. GDP growth is projected to be 5.6% for 2021. And the CPI is at 6.8%.

So, with these economic numbers, the Federal Reserve is proposing that it gradually raise interest rates so that by the end of the year they may be all the way back up to — 1%. The same rate of interest that was considered highly stimulative in 2002. Now, it’s considered tight money?”

When are people going to figure out that even if the Fed does what it claims it’s going to do, it will do nothing to cool inflation?

Inflation is going to keep getting worse even if the Fed follows through with the rate hikes that it is projecting. And it may not even do that based on the weakness in the markets and the economy that will result.”

In this podcast, Peter also talked about the market reaction to the Fed minutes, inflation pressure continuing to build on producers and consumers, the impact of inflation on workers as prices rise faster than wages, Bitcoin, Micheal Saylor talking out of both sides of his mouth about the dollar and NASA agreeing that gold has intrinsic value.

end

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

END

Important gold commentaries courtesy of GATA/Chris Powell

Ed Steer: Dollar index craters but gold and silver do nothing

Submitted by admin on Mon, 2022-01-10 19:45 Section: Daily Dispatches

7:40p ET Monday, January 10, 2022

Dear Friend of GATA and Gold:

GATA board member Ed Steer’s Gold and Silver Digest letter for Saturday, headlined “The DXY Craters: Gold and Silver Do Nothing,” is posted in the clear at GoldSeek’s companion site, SilverSeek, here:

https://silverseek.com/article/dxy-craters-gold-silver-do-nothing-big8

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

END

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

ONSHORE YUAN: CLOSED UP AT 6.3738

OFFSHORE YUAN: 6.3806

HANG SANG CLOSED DOWN 7.48 PTS OR 0.03%

2. Nikkei closed DOWN 256.08 PTS OR.90%

3. Europe stocks ALL RED

USA dollar INDEX DOWN TO 95.92/Euro RISES TO 1.1335-

3b Japan 10 YR bond yield: RISES TO. +.155/ !!!!(Japan buying 100% of bond issuance)/Japanese yen vs usa cross now at 115.47/ 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:: 79.47 and Brent: 81.99-

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

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

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

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

3i European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund RISES TO -.0.042%/Italian 10 Yr bond yield RISES to 1.30% /SPAIN 10 YR BOND YIELD RISES TO 0.65%…ITALIAN 10 YR BOND YIELD/GERMAN BUND: 1.34: DANGEROUS FOR THE ITALIAN BANKING SYSTEM

3j Greek 10 year bond yield RISES TO : 1.57

3k Gold at $1808.20 silver at: 22.65 7 am est) SILVER NEXT RESISTANCE LEVEL AT $30.00

3l USA vs Russian rouble; Russian rouble UP 6/100 in roubles/dollar AT 74.92

3m oil into the 79 dollar handle for WTI and 81 handle for Brent/

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

JAPAN ON JAN 29.2016 INITIATES NIRP. THIS MORNING THEY SIGNAL THEY MAY END NIRP. TODAY THE USA/YEN TRADES TO 115.47 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 .9265– as the Swiss Franc is still rising against most currencies. Euro vs SF 1.0504 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: 1.759 DOWN 1 BASIS PTS

USA 30 YR BOND YIELD: 2.073 DOWN 2 BASIS PTS

USA DOLLAR VS TURKISH LIRA: 13.83

Futures Rebound As Fed-Induced Rout Finally Eases

TUESDAY, JAN 11, 2022 – 08:07 AM

After yesterday’s miraculous tech recovery which saw gigacaps drop as much as 4% before recovering all losses and closing green, Nasdaq futures led gains among U.S. stock-index futures, hinting at further relief for technology stocks as Treasury yields retreated in early trading but have since steadied around 1.75%, unchanged from Monday. Nasdaq futures rose as much as 0.7%, while S&P 500 and Dow Jones contracts were also higher by about 0.4% ahead of Powell’s Senate confirmation hearing for second term as Fed chair which begins at 10am and where the Fed chair is expected to put on a dovish mask and walk back some of the recent hawkish commentary.

Dip-buyers rescued the Nasdaq from a fifth session of declines on Monday after Marko Kolanovic urged JPM clients to buy the dip, writing that yields aren’t too high and the Fed’s won’t derail the economy’s rebound. “We view the recent equity volatility as an adjustment to the Fed’s incrementally more hawkish stance, rather than a sign that the Fed is about to bring the recovery and the equity rally abruptly to an end,” Mark Haefele, chief investment officer at UBS Global Wealth Management, said in a note. “We now expect three Fed rate hikes this year, starting as soon as March.”

“We are looking for opportunities to raise our weighting in stocks in 2022,” according to Luca Paolini, chief strategist at Pictet Asset Management, whose firm has a neutral stance on equities. “The global recovery remains resilient, thanks to a strong labor market, pent-up demand for services and healthy corporate balance sheets.”

In his second term confirmation hearing before the Senate Banking Committee at 10am ET today, Fed Chair Jerome Powell will say the central bank will keep inflation from becoming entrenched, but the post-pandemic economy may look different from previous expansions. Meanwhile, swaps indicate the Fed will implement as many as four interest-rate hikes this year, while the momentum is building for the first increase to take place as soon as March, although any economic slowdown will quickly crash these plans.

In U.S. premarket trading, technology stocks including Apple Inc. and Microsoft Corp. rose. Tesla Inc. gained following positive autos sales data from China and a price target hike at Morgan Stanley. Intel Corp. shares jumped after the chipmaker hired Micron Technology Inc.’s David Zinsner as chief financial officer. Here are some of the other big movers today:

Mega-cap U.S. technology stocks edged higher in premarket trading, hinting at a return of dip-buyers after last week’s selloff wiped $1.1 trillion from the value of the Nasdaq Composite Index. Tesla (TSLA US), Apple (AAPL US), Microsoft (MSFT US) are among the companies moving higher.
Tesla (TSLA US) shares gain 2% in U.S. premarket trading, following positive autos sales data from China and a PT hike at Morgan Stanley. Chinese EV peers also rally.
Intel (INTC US) shares gain 2.3% in U.S. premarket trading after the chipmaker hires Micron’s David Zinsner as CFO. Micron shares decline 1%.
TechnipFMC (FTI US) falls 6.6% in U.S. premarket trading after Technip Energies bought back 1.8m of its shares from TechnipFMC. TechnipFMC announced plan to delist from Euronext Paris and move to a single U.S. listing.
Rivian Automotive (RIVN US) dropped in post- market trading Monday after a Dow Jones report that its chief operating officer left the company last month as it ramped up production. Shares tumbled 5.6% in regular trading to close at a record low.
Wynn Resorts (WYNN US) fell in postmarket trading after Citi downgraded the stock to neutral from buy, citing valuation
Inari Medical Inc. jumped 10% in postmarket trading after the medical device company posted preliminary 4Q revenue that topped expectations.

Tech shares also led gains in Europe, where equities mostly reversed Monday’s sell off with the Euro Stoxx 50 rising ~1.25%. Technology, travel, consumer products and health-care stocks are among Europe’s top performing sectors Tuesday as investors rotate into sectors beaten down in recent sessions. BE Semi shares gain 4.3%, best performing tech stocks, while food delivery stocks gain on Delivery Hero’s outlook and HelloFresh introducing a new share buyback. Meanwhile banking and auto stocks — this year’s top performing sectors – are at the bottom of the leaderboard, with banks falling for the first time this year: Deutsche Bank -1.6% and Commerzbank -2.9%, biggest decliners in Europe as Cerberus cuts stakes. Here are some of the biggest European movers today:

Technology, travel, consumer products and health-care stocks are among Europe’s top performing sectors Tuesday as investors rotate into sectors beaten down in recent sessions.
Delivery Hero +6.2% at noon CET, Sinch +8.6%, BE Semiconductor 7.2%, HelloFresh +4.2%
Pandora shares rise as much as 7.5% after publishing preliminary 4Q sales numbers, which Morgan Stanley says provide relief for investors and suggest “solid underlying momentum.”
Sika shares climb as much as 5.2%, the steepest intraday gain since November, after the Swiss construction- materials maker reported 4Q sales that beat expectations, Vontobel says.
Brunello Cucinelli shares jump as much as 8.4% after the Italian apparel maker reported 4Q sales that showed all channels and geographies accelerating from the previous quarter.
Shop Apotheke rise as much as 2.5% after reporting preliminary 4Q numbers. Citi notes sales are driven by “solid 4Q performance,” adding questions remain on e-prescriptions in Germany.
Darktrace soared the most since its trading debut after the cybersecurity company boosted its outlook, prompting an upgrade from the broker whose bearish note triggered a plunge last year.
JDE Peet’s, Reckitt fall, among the worst performers in Europe’s Stoxx 600 Index, after Exane BNP Paribas downgrades the stocks in a note that says it’s “not too enthused” about the 2022 outlook for consumer staples.
Castellum falls as much as its chief executive officer was ousted after only one month at the helm of one of Sweden’s biggest property companies, while DNB also downgraded the shares.
About You shares drop as much as 7.4% after the company reported 3Q21 sales below market consensus, in addition to higher-than-expected costs related to marketing and expansion.

Meanwhile, earlier in the session, Asian stocks were poised to halt a two-day gain as investors sold high-growth technology shares amid uncertainty over U.S. monetary policy. The MSCI Asia Pacific Index fell 0.1% after dropping as much as 0.7% as information-technology firms slid, while gains in financial shares helped limit the gauge’s loss. China’s CSI 300 and Japan’s Nikkei 225 Stock Average were among the worst performers in the region. Asia’s benchmark is struggling to pull itself from last year’s 3.4% slump amid lingering concerns over U.S. tightening, China’s weak technology shares and the possibility of new restrictions to contain the pandemic.

“It’s a bit difficult to aggressively buy up stocks,” said Masahiro Ichikawa, chief market strategist at Sumitomo Mitsui DS Asset Management. “People are wary over the possibility of a faster-than-expected rate hike cycle.” Still, Pfizer’s remarks suggesting a vaccine for the omicron variant could be available as early as March “will somewhat alleviate concern over the virus,” Ichikawa added. Pfizer is developing a hybrid vaccine that combines its original shot with a formulation that shields against the highly transmissible omicron variant, CEO Albert Bourla said at a conference on Monday.

Japanese equities slid for a third day after the yen strengthened against the dollar and amid continued concerns over virus infections and U.S. monetary tightening. Electronics and chemical makers were the biggest drags on the Topix, which fell 0.4%. Keyence dropped 7.9% as investors sold growth stocks amid uncertainty over the Federal Reserve’s plan, Ichiyoshi Asset Management said. Tokyo Electron and Fast Retailing were the largest contributors to a 0.9% loss in the Nikkei 225. The yen slightly weakened against the dollar after gaining 0.8% in the previous four sessions. Many now expect the Fed will implement four quarter-point interest-rate hikes this year. Meanwhile, Prime Minister Fumio Kishida said Japan will extend its tightened border measures until the end of February as virus cases surge in the country

India’s benchmark equity index ended higher, after swinging between gains and losses during the day, ahead of quarterly earnings for top companies. The S&P BSE Sensex climbed 0.4% to close at 60,616.89 in Mumbai, while the NSE Nifty 50 Index added 0.3% to complete a third session of gains. Housing Development Finance Corp gave the biggest boost to the Sensex, rising 1.9%. Of the 30 shares in the Sensex, 16 rose and 14 fell. Thirteen of the 19 sector indexes compiled by BSE Ltd. gained, led by a gauge of power stocks. The S&P BSE Metal Index fell 2.8%, the most in three weeks, after Jefferies India Pvt. put out a cautious view on the metals sector in 2022. The brokerage downgraded Tata Steel Ltd. to hold and JSW Steel to underperform from buy. Analysts expect a steady growth in sales for the nation’s top software exporters, Tata Consultancy Services, Infosys and Wipro, which are scheduled to release their Oct.-Dec. earnings reports on Wednesday. “All eyes are on the earnings of the three IT majors. We reiterate our positive yet cautious view on markets and suggest focusing more on sector and stock selection,” Ajit Mishra, vice president research at Religare Broking Ltd. wrote in a note. India is ramping up its vaccination drive for younger population and booster shots for senior citizens as Covid-19 cases climb.

Australian stocks extended losses as bank, consumer staples weighed. The S&P/ASX 200 index fell 0.8% to close at 7,390.10, down for a second straight day, with banks and consumer staples among sectors weighing most on the benchmark. Ten of the 11 industry sub-gauges closed lower, while materials stocks were little changed. Inghams was among the worst performers, tumbling after the company said the spread of omicron is having a significant impact on its supply chain, operations, logistics and sales performance. Polynovo soared after the company reported U.S. sales were up 58% year on year. In New Zealand, the S&P/NZX 50 index fell 0.5% to 12,831.73.

In rates, Treasuries were cheaper across front-end of the curve while long-end outperforms with 10-year Treasury yields on either side of 1.75% giving the curve a small bull flattening bias as participants set up for first of this week’s auctions, in the form of a 3-year note sale at 1pm ET. Treasury yields are cheaper by 2.4bp in 2-year sector, flattening 2s10s spread as 10s are little changed at 1.76%; long-end yields are ~1bp richer on the day, flattening 5s30s spread by ~3bp toward last year’s low. Gilts outperformed by 1.7bp in 10-year sector, bunds by ~0.5bp. The US coupon auction cycle includes $52b 3-year new issue, $36b 10-year reopening Wednesday and $22b 30-year reopening Thursday; the WI 3-year yield at around 1.240% exceeds auction stops since February 2020; last month’s drew 1%, 0.3bp below the WI yield at the bidding deadline. IG dollar issuance slate includes five deals announced overnight; ten borrowers priced $12.2b Monday. Peripheral spreads widen slightly, books on Spain’s 10y syndication top EU58b.

In FX, Bloomberg Dollar Spot returns to flat on the session after a choppy morning, with the Bloomberg Dollar Index drifting with EUR/USD little changed at around $1.33; the 10-year Treasury yield is steady at 1.75%. Commodity currencies lead in G-10, JPY lags, fading roughly half of Monday’s strength: the Norwegian krone outperforms G-10 peers alongside the Canadian dollar as oil snaps a two-day run of declines. The Japanese yen lags, halting a four-day rally as an easing of concern over the omicron outbreak damped demand for haven assets. Australia’s dollar strengthens after retail sales beat forecasts. “The Aussie has received a bit of a boost from the strong retail-sales data, but also some bargain hunting in equities with S&P 500 futures trading a little higher,” said David Forrester, a senior foreign-exchange strategist at Credit Agricole CIB in Hong Kong.

In commodities, crude futures rise over 1%. WTI regains a $79-handle, pushing through Monday’s highs. Brent rises through $82. Spot gold adds ~$4 but struggles to make headway through $1,810/oz. Base metals are in the green after a prolonged exchange outage, with LME nickel up over 3%.

Looking at the day ahead, the main highlight will be Fed Chair Powell’s nomination hearing for a second term at the Senate Banking Committee. We’ll also hear from the Fed’s Mester, George and Bullard, along with the ECB’s Kazaks. Data releases include Italian retail sales for November, and in the US there’s the NFIB small business optimism index for December.

Market Snapshot

S&P 500 futures up 0.4% to 4,681.75
STOXX Europe 600 up 1.1% to 484.28
MXAP little changed at 193.02
MXAPJ up 0.2% to 630.48
Nikkei down 0.9% to 28,222.48
Topix down 0.4% to 1,986.82
Hang Seng Index little changed at 23,739.06
Shanghai Composite down 0.7% to 3,567.44
Sensex up 0.3% to 60,584.58
Australia S&P/ASX 200 down 0.8% to 7,390.12
Kospi little changed at 2,927.38
Brent Futures up 1.5% to $82.08/bbl
Gold spot up 0.4% to $1,809.09
U.S. Dollar Index down 0.17% to 95.83
German 10Y yield little changed at -0.06%
Euro up 0.1% to $1.1342

Top Overnight News from Bloomberg

Federal Reserve Chair Jerome Powell said the central bank will prevent higher inflation from becoming entrenched while cautioning that the post-pandemic economy might look different than the previous expansion
Asian stocks and U.S. futures fluctuated Tuesday ahead of a key American inflation reading that’s expected to strengthen the case for tighter monetary policy
Boris Johnson is facing opposition calls for his resignation over an alleged drinks party in his Downing Street office while pandemic curbs were in place, renewing a sense of crisis around the U.K. premier
President Kassym-Jomart Tokayev said Russian-led troops that helped him crush an uprising would begin to leave in two days as he denounced “oligarchic groups” that dominate Kazakhstan’s economy

A more detailed look at global markets courtesy of Newsquawk

Asian equities were subdued following on from the mostly negative lead from Wall St where stocks declined at the open, but then finished off their lows and the Nasdaq fully recovered from a near-3% drop as yields wavered. ASX 200 (-0.8%) was pressured with the index dragged lower by underperformance in the top-weighted financials and consumer staples sectors amid expectations that the ongoing Omicron wave is to slow the economic recovery, with better-than-expected Retail Sales data doing little to lift sentiment. Nikkei 225 (-0.9%) underperformed on return from the holiday closure amid confirmation that border restrictions will be extended until end-February and after some prefectures recently entered into COVID-19 pre-emergency status, while KOSPI (+0.1%) was also cautious following a second suspected ballistic missile launch by North Korea in less than a week. Hang Seng (Unch.) and Shanghai Comp. (-0.7%) were choppy with price action rangebound amid a neutral PBoC liquidity operation and after China’s Cabinet reiterated to refrain from flood-like stimulus but will expand financial consumption. Furthermore, COVID-19 concerns persisted with Tianjin imposing a partial lockdown and Hong Kong suspending in-person kindergarten and primary school lessons, although Hong Kong Chief Executive Carrie Lam also announced to launch a new anti-epidemic relief fund. Finally, 10yr JGBs were initially flat as the risk averse mood in Tokyo stocks and presence of the BoJ in the market for over JPY 1tln of JGBs failed to spur demand, while prices were later pressured on return from the lunch break in a retreat beneath the 151.00 level.

Top Asian News

Asia Stocks Set to Snap 2-Day Gain as Fed Outlook Hits Tech
Japan’s Household Inflation Expectations Jump to Most Since 2008
Mizuho Set to Appoint New CEO as Technical Glitches Persist
Shimao Downgraded to B- by Fitch on Liquidity Concerns

European equities (Stoxx 600 +1.0%) are attempting to claw back some of yesterday’s losses and catch up with the late rally seen on Wall St. yesterday. Fresh fundamental/macro drivers for the region are lacking, however, from a technical standpoint, the Stoxx 600 (currently 484) still has some ground to cover before it reaches yesterday’s opening level of 487.58 and last week’s record high (4th Jan) at 495.46. The handover from the APAC region was a downbeat one as Japanese participants returned to the fray (Nikkei 225 -0.9%), with the ASX 200 (-0.8%) hampered by losses in financial and consumer discretionary names, whilst Chinese bourses (Hang Seng flat, Shanghai Comp. -0.7%) were subdued by ongoing COVID angst and further reiterations from China’s cabinet that it will avoid flood-like stimulus. Stateside, US futures have picked up throughout the European session with gains of a similar magnitude across the majors (ES +0.4%, NQ +0.4%, RTY +0.4%). Focus for the US will fall on Fed Chair Powell’s renomination hearing at the Senate Banking Committee which will see the policymaker grilled on how he is going to attempt to combat the current inflationary pressures in the US economy. In terms of desk views, analysts at BNP Paribas suggest that European equities could stage a rally over the coming months amid bearish positioning and attractive valuations. BNP forecasts the Eurostoxx 50 gaining 10% to 4,700 by the end of June before drifting lower to 4,500 by the end of the year. Preferred sectors include miners, oil & gas, banks, autos and healthcare. Sectors in Europe are mostly firmer with tech top of the pile in the wake of the rally staged after the European close in the Nasdaq. Retail names are also on a firmer footing with Kering (+3.4%) top of the CAC after RBC named the Co. among its preferred stocks in the region and cited it as a “more likely candidate for M&A”. RBC also listed Adidas (+4.1%), Puma (+2.3%), Richemont (+2.1%) and LVMH (+1.5%) as “outperform rated stocks” under its “Key Stock Ideas for 2022”. The travel & leisure sector has been lifted by performance in Flutter Entertainment (+4.1%) and Evolution Gaming (+4.9%) after both companies were upgraded at Citi. Performance in banking names has been subdued by losses in Deutsche Bank (-1.5%) and Commerzbank (-3.3%) after Cerberus sold around 21mln and 25.3mln of shares in both companies respectively.

Top European News

Boris Johnson Urged to Quit Over Latest Pandemic Party Claim
Putin’s Troops Prepare to Exit as Kazakh Leader Blasts Oligarchs
Spain Calls for Debate to Consider Covid as Endemic, Like Flu
Cerberus Scales Back Losing Deutsche Bank, Commerzbank Bet

In FX, the Dollar has lost more of Monday’s recovery momentum as US Treasuries rebound from their fresh lows, risk appetite improves and some technical or psychological levels push the Buck back down towards recent lows. Using the index as a proxy, 96.000 is now capping the upside and support is seen at yesterday’s low (96.754) ahead of last Friday’s base (95.710) and the prior weekly trough (96.653) as the DXY drifts within a 95.947-765 band awaiting tomorrow’s CPI data that could well be pivotal, if not Fed commentary later today via George and chair Powell at this renomination testimony. Note, however, a prepared text for the latter has already been released so it will be the Q&A section of the Senate Banking Committee hearing that will likely be more informative/insightful.

GBP/CHF/EUR/AUD/CAD/NZD – It has turned into a relatively tight race to reap the most from the Greenback’s retreat and top the G10 ranks as Sterling tests major trendline resistance seen around 1.3610-15 to post highs not seen since late 2021, while Eur/Gbp continues to hammer on the door aligning with 1.2000 in Euros per Pound, but looks thwarted indirectly by activity designed at curbing Franc strength via various Eur crosses. Indeed, the Franc is back above 0.9250, but well off best levels against the Euro as the pair pivots 1.0500 where 1.44 bn or so option expiries roll off. Eur/Usd is eyeing 1.1350 again, partly as a result, while the Aussie is approaching 0.7200 with impetus from much stronger than expected final retail sales and internals within a narrower than forecast trade surplus, the Loonie is latching on to a firm bounce in WTI either side of 1.2650 and the Kiwi is hovering above 0.6750 with tailwinds from Aud/Nzd easing back towards 1.0600.
JPY – The Yen looks somewhat caught between stalls following Japan’s long holiday weekend as the risk backdrop is negative for the safe-haven currency, but yields are more supportive along with the technical landscape assuming Usd/Jpy remains below a Fib retracement level at 115.45. From a fundamental perspective, the domestic COVID situation has worsened and data looms in the guise of current accounts and trade balances.
SCANDI/EM – Brent’s revival to circa Usd 82/brl or just above at best is keeping the Nok underpinned after yesterday’s strong Norwegian inflation readings, while the Zar is elevated alongside Gold that is holding comfortably on the Usd 1800/oz handle and over the 200 DMA. Conversely, the Rub appears to be cautious amidst reports from the Russian side that grounds for optimism from talks with the US are few and far between, while the Try has hardly been helped a slightly wider than consensus Turkish current account deficit or the higher price of crude oil.

In commodities, crude prices mounted a recovery in APAC hours that has continued into and exacerbated during the European session taking WTI modestly past yesterday’s peak of USD 79.45/bbl and Brent to almost match its equivalent at USD 82.30/bbl. Fundamentals remain focused on USD/inflation implications, Fed Chair Powell – among other speakers – will be eyed closely for further insight into this; elsewhere, we remain attentive to supply updates and geopolitics. On the supply side, following yesterday’s reports that Libya’s El Sharara has resumed production at 998k BPD the El Feel field (90k BPD) is also reported to be back in action. However, since then the NOC has suspended exports from the Es Sider port, due to bad weather and a lack of storage; typically, loading 300k BPD of crude. While the duration and knock on impact of this suspension is unclear, it is worth noting the NOC says domestic oil output stands at 896k BPD – a figure that is below the resumed output of the El Sharara field. Separately, Reuters sources report that Saudi Aramco has informed multiple APAC purchasers that it will be supplying the entirety of its contractual volumes in February, following Aramco cutting February OSPs to the region to a three-month low in recent sessions. On geopolitics, the morning’s press rounds from the Russian Foreign Ministry have not been particularly constructive after the first day of discussions, but nonetheless they to acknowledge that there are many more rounds to go – since then, sources via Ria indicate that the US has agreed to respond in writing to security proposals from Russia next week. Turning to metals, spot gold and silver are contained with the yellow metal continuing to pivot the USD 1800/oz mark and therefore remains in reach of the 21-, 50 & 200-DMAs. Base metals are more inspiring though LME copper lies in familiar parameters and directionally is in-tune with the broader risk tone.

US Event Calendar

6am: Dec. SMALL BUSINESS OPTIMISM, est. 98.7, prior 98.4

Central Banks

9:12am: Fed’s Mester speaks on Bloomberg Television
9:30am: Fed’s George Discusses the Economic and Policy Outlook
10am: Senate Banking Cmte Holds Hearing on Powell Nomination
4pm: POSTPONED – Fed’s Bullard Discusses Economy and Monetary…

DB’s Jim Reid concludes the overnight wrap

We managed to throw a wrench (albeit a small one) into the 2022 script late in the New York session last night. After an early sharp yield selloff continued to put pressure on tech stocks, 10yr yields finished the day ever-so-slightly lower for the first time in 2022, declining -0.2bps, ending a run of 7 straight increases. Despite the late rally, yesterday was the first time since January 2020 that 10yr yields had at one point traded above the 1.8% mark and markets acknowledged the prospects of multiple rate hikes this year. We’ll likely get some more headlines on monetary policy today, given Fed Chair Powell’s nomination hearing for a second term is taking place before the Senate Banking Committee, but ahead of that Fed funds futures were last night pricing in an 89% chance of an initial rate hike as soon as March, the highest probability to date and up from 63% just 10 days’ earlier on New Year’s Eve and 0% in the first half of October.

Looking elsewhere on the Treasury curve, tighter anticipated policy helped yields trade at post-pandemic highs on the shorter part of the curve, with 2yr and 5yr yields both hitting their highest levels in almost 2 years. And in keeping with the déjà vu theme of the year so far, it won’t surprise you to find out that real yields were once again the driver behind higher nominal yields, with the 5yr real yield up +1.9bps, while 10yr real yields hit -0.72% intraday, the highest level since April before falling back to -0.77% as the turnaround occurred. Meanwhile in Europe the 10yr bund yield (+0.9bps) ended the session (before the late US bond rally) at -0.038%, as it kept edging closer to positive territory for the first time since May 2019.

The late rally in longer-term yields was an immediate boon to equities. The S&P 500 finished the day down -0.15%, after being more than -2.0% lower intraday. The reversal in equity fortunes clearly hinged on the tech sector performance; the Nasdaq finished +0.05% higher, basically unchanged, after being -2.78% lower intraday, which was more than -10% off the all-time highs. In line, the Vix index of volatility rose to a year-to-date high of 23.33pts intraday, before retracing and finishing a mere +0.64pts higher at 19.4pts.

As has been the case on a number of days to start the year, the European equity session missed the intraday turn that happened during New York trading. The STOXX 600 (-1.48%) experienced its worst daily performance since the initial Omicron selloff in November. As with last week, banks were relatively well-insulated from the broader selloff in light of the higher yields, with the STOXX Banks only down -0.28%, but tech stocks bore the brunt of the decline in Europe, with the STOXX Technology index shedding -3.97%. The losses yesterday for the DAX (-1.13%) and the CAC 40 (-1.44%) meant that both moved into negative territory on a YTD basis as well, though the FTSE 100 (-0.53%) has been more resilient, and is still up +0.82% since the start of the year, making it one of the top-performing major indices in the US and Europe.

Asian markets are struggling to find direction this morning. The Nikkei (-0.93%) is trading significantly lower after yesterday’s holiday while the Shanghai Composite (-0.08%), CSI (-0.29%), Kospi (-0.06%) are slightly lower. Elsewhere, the Hang Seng (+0.29%) is modestly higher. In Covid news, China locked down its central Henan province as the city has registered the most covid cases nationwide. Elsewhere, in Japan, Prime Minister Fumio Kishida announced that the nation will extend its strict border restrictions until late February to prevent the spread of the Omicron variant. Looking forward, US equity futures are flattish with the S&P (-0.04%), Nasdaq (-0.06%) and Dow Jones (-0.07%) hardly moving. Treasury yields are also flat after yesterday’s turnaround. China’s consumer and producer prices data tomorrow is the next big Asian highlight.

A separate ongoing story this week will be the various talks between the US, Russia and allies over Russia’s various security demands, including that Ukraine would not be allowed to join NATO, and a Russian veto over military deployments in nearby states. Yesterday, the US and Russian deputy foreign ministers held discussions in Geneva, which come ahead of broader talks at a meeting of the NATO-Russia Council tomorrow. The readouts from yesterday’s bilateral talks proved constructive. The senior American diplomat leading the talks noted that the US and Russia have a better understanding of each other’s concerns and priorities following the conversation, and added that “If Russia stays at the table and takes concrete steps to deescalate tensions, we believe we can achieve progress.” At the same time, she noted the US stood ready to impose sanctions, among other measures, if need be. So this week’s ongoing negotiations will be important for the current flashpoint along the Ukrainian border.

Elsewhere, the broader risk-off moves meant that at one point Bitcoin was trading beneath $40,000 for the first time since September, although it pared back some of those losses to only close down -1.38%. It’s been a bad start to the year for the cryptocurrency, having shed around -10% over the first 10 days of the year.

In Fed leadership composition news, Vice Chair Clarida announced his resignation would be effective at the end of this week. It was scheduled for the end of the month so the practical implications are essentially nil. There were more headlines that President Biden was set to nominate new personnel to Fed leadership positions shortly, though headlines of that ilk have been commonplace for a few months now. Perhaps with Vice Chair Clarida stepping aside, there’s more urgency behind appointments, we will see.

There were headlines from Moderna and Pfizer that development of Omicron-specific vaccines were proceeding along. While Moderna is set to begin human trials in a few weeks, Pfizer reported they should be able to launch a hybrid vaccine that offers Omicron-specific protection by March. Given the rate it has spread across the world we may have all been exposed by then!

There wasn’t much at all in the way of data yesterday, though the Euro Area unemployment rate fell to 7.2% in November as expected, its lowest level since March 2020, and the Italian unemployment rate fell to 9.2% that month (vs. 9.3% expected).

To the day ahead now, and the main highlight will probably be Fed Chair Powell’s nomination hearing for a second term at the Senate Banking Committee. We’ll also hear from the Fed’s Mester, George and Bullard, along with the ECB’s Kazaks. Data releases include Italian retail sales for November, and in the US there’s the NFIB small business optimism index for December.

END

3. ASIAN AFFAIRS

i)TUESDAY MORNING MONDAY NIGHT

3 a./NORTH KOREA/ SOUTH KOREA

///SOUTH KOREA

END

3B JAPAN

end

3c CHINA

CHINA/COVID

For once, we get an inside looks as to what is going on in the city of Xi’an

Hao//EpochTimes)

China Dismisses Official Who Speaks Truth About COVID Lockdown

MONDAY, JAN 10, 2022 – 10:30 PM

Authored by Nicole Hao via The Epoch Times (emphasis ours),

The Chinese regime dismissed an official who posted on social media the real situation in Xi’an under its strict COVID-19 rules.A resident prepares to undergo a nucleic acid test for COVID-19 in Xi’an, in northwestern China’s Shaanxi Province on Jan. 4, 2022. (STR/AFP via Getty Images)

The facts that the official posted include a 31-year-old man who walked eight days and nights to his hometown because of a lack of income, no public transportation, and fear of quarantine in Xi’an.

Two other Xi’an migrant workers had the same purpose, with one riding a bike for 10 hours in the icy night, and another swimming across a frozen river.

However, the official’s post was designated as a rumor, removed from the internet, and censored by the regime.

“An ordinary official knows the Chinese Communist Party’s (CCP) rules very well. They don’t dare to say the things which might anger the regime, not to mention the dismissed official is a senior official,” U.S.-based China affair commentator Tang Jingyuan told The Epoch Times on Jan. 8. “Even a self-censored official is dismissed because of an online post, you can imagine how tightly the Chinese regime controls people’s speech.”

“After studying, we decided to dismiss Song Wentao from the position of deputy director of the Organization Department of the Grass-roots Construction Division,” the All-China Federation of Returned Overseas Chinese (ACFROC) announced on Jan. 6.

The ACFROC is a key organ of the Chinese regime’s United Front Work Department, whose role is influencing elite individuals and organizations inside and outside China to support the regime. Song, as a senior official from ACFROC, used to visit different Chinese cities to check their performance in reintegrating Chinese people who returned from overseas.

Shaanxi Provincial Network Reporting Center’s notification on Jan. 4 explained the reason for Song’s dismissal.

“The account Qingfengmingyue Lou posted an article headlined ‘Xi’an people’s sorrows: why some of them fled Xi’an even risked their lives and broke the law’ on WeChat on Jan. 2,” The center announced. “The account is held by Song Wentao.”

The center claimed that Song’s post collected people’s complaints online, “ignoring all the residents’ efforts against the epidemic.”

Although the center said what Song posted isn’t true, Xi’an residents and announcements by local police confirmed the cases that Song detailed in his post.A blocked road in Xi’an in northwestern China’s Shaanxi Province on Dec. 31, 2021. (STR/AFP via Getty Images)

Song detailed the situations of Xi’an residents’ lives under the strict lockdown in his post, such as people not having a solution to buy food and other necessaries, and not being able to visit hospitals.

“Xi’an residents are worried about death from sickness and hunger, rather than COVID-19,” Song concluded in his post.

In the post, Song listed three men who fled the city when the regime announced the lockdown, but were detained by police before they could arrive at home in other cities in Shaanxi Province. Xi’an is the capital of northwestern China’s Shaanxi. Due to the lockdown, the regime stopped all public transportation in Xi’an, and people couldn’t get out by train, bus, car, or airplane.

“Without supplements and GPS, [the 31-year-old man] walked eight days and nights, climbed over the vast mountains, waded through the icy rivers, entered Yangtze River Basin from Yellow River Basin, and crossed the Qinling—the line separated north and south in China,” Song wrote.

The man Song mentioned is from a rural area in Ankang city in southern Shaanxi, where people eat the food they plant. In Xi’an, the man rented a room in a village close to Xianyang Airport and made a living by selling clothes at a street vendor stand.

After the city was locked down, the man couldn’t make any money but needed to buy food and pay rent. He decided to go home although there’s no public transportation and checkpoints to prevent people from traveling at every village and township.

The man left his rented room on Dec. 16 and was detained by police in Ningshan County on Dec. 24, about 75 miles away from the airport. During the eight days, he only took naps in the early afternoons when there’s sunshine. All other times, he kept on walking because it was too cold to sleep.

Song cried for the medical workers who performed the tests on streets in Xi’an. “After a snow, the wind was big and cold. The medical workers on the streets had to spray disinfection between tests. Almost all their hands were blue because of the cold.”

END

Goldman Sachs slashes China’s GDP forecast as a total of 20 million Chinese citizens are locked down. The CCP does not know to deal with a gift horse in the house

(zerohedge)

Goldman Slashes China GDP Forecast As CCP Locks Down 20 Million To Fight Omicron Wave

TUESDAY, JAN 11, 2022 – 07:58 AM

China’s “Zero COVID” strategy is starting to have serious repercussions for economic growth.

After sealing off Tianjin from travel, a city that’s roughly 30 minutes from the Chinese capital of Beijing, earlier this week, the CCP is imposing still more lockdowns as it tries to stamp out the latest COVID outbreak that’s vexing China’s leadership just weeks before the start of the 2022 Winter Olympics in Beijing.

On Tuesday, Anyang, a city in the eastern province of Henan, became the latest Chinese city to enter into some form of lockdown. Its residents ordered to stay at home, non-essential businesses shut down, and people banned from driving on the roads, according to the Associated Press, which is also one of the few western news organizations with photographers on the ground inside Xi’an, a city of 13M that has been locked down since just before Christmas.

Source: AP

The lockdown of Anyang, with its 5.5MM residents, was announced late Monday in China, after two cases of the omicron variant were confirmed in the city. Not including Tianjin (where only certain neighborhoods have been locked down, while a travel freeze is in place for the entire city), the CCP now has three cities in different parts of the country on lockdown, with more than 20MM Chinese affected (still a tiny fraction of the country’s 1.4 billion people.

Another 13 million people have been locked down in Xi’an for nearly three weeks, and 1.1 million more in Yuzhou for more than a week. It wasn’t clear how long the lockdown of Anyang would last, as it was announced as a measure to facilitate mass testing of residents, which is standard procedure in China’s strategy of identifying and isolating infected people as quickly as possible.

The Anyang omicron cases are believed to be linked to two other cases found Saturday in Tianjin. According to China’s NHC, this is the first time that cases of omicron have spread within the country, aside from cases being identified in travelers arriving to China.

Anyang’s leaders said that non-essential vehicles are banned from streets in a lockdown notice shared online by state media late Monday. The number of cases is still relatively low, with 58 new ones confirmed from the start of Monday to 0800 local time Tuesday morning. Meanwhile, in Tianjin, 97 people had tested positive in the city of 14MM people: 49 with symptoms, 15 without symptoms and 33 awaiting further verification. Xi’an and Yuzhou are both battling the delta variant and neither has reported any local cases of omicron.

With chipmakers in Xi’an already reporting serious production disruptions due to the lockdown, analysts at Goldman Sachs revealed Tuesday morning in a note to their clients that they had cut their forecast for Chinese GDP growth in 2022.

“In light of the latest Covid developments – in particular, the likely higher average level of restriction (and thus economic cost) to contain the more infectious Omicron variant – we are revising down our 2022 growth forecast to 4.3%, from 4.8% previously”.

With the Fed expected to slam the breaks on the US economy by hiking interest rates up to four times this year (or more), this doesn’t bode well for the strength of the global economy as the world struggles to shake off the legacy of COVID and more than a decade of NIRP and ZIRP

4/EUROPEAN AFFAIRS

//UKCOVID/VACCINE

My goodness: they see the light. UK advisory committee recommends against giving a fourth dose of vaccine

(Zhou/EpochTimes)

UK Gov’t Advised Against 4th COVID Vaccine Dose

TUESDAY, JAN 11, 2022 – 03:30 AM

Authored by Lily Zhou via The Epoch Times,

The UK government’s vaccination advisory committee on Friday recommended against giving a fourth dose of CCP (Chinese Communist Party) virus vaccine to nursing home residents and people over 80.

The Joint Committee on Vaccination and Immunization (JCVI) said the three doses of the vaccines are still providing “very good protection against severe disease,” and an immediate second booster dose to the most vulnerable would “provide only limited additional benefit against severe disease at this time.”

According to data compiled by the UK Health Security Agency, for people over 65, protection against hospitalization remains at about 90 percent three months after the third dose.

The JCVI also said that there’s “limited time” for another booster to have a substantial impact within the current wave of infections thanks to the fast spreading of the Omicron variant, and that a fourth dose would add pressure to the NHS, which is currently under significant pressure partly due to staff shortages and the booster vaccine programme.

As a result, the JCVI advised the government that there was no need to offer a fourth dose, or second booster, to vulnerable people at this time. Instead, the government should focus on giving a third dose to as many people as possible to boost protection against the highly transmissible Omicron variant.

“The current data show the booster dose is continuing to provide high levels of protection against severe disease, even for the most vulnerable older age groups,” said Prof. Wei Shen Lim, the JCVI’s COVID-19 subcommittee chair.
“For this reason, the committee has concluded there is no immediate need to introduce a second booster dose, though this will continue to be reviewed.’’

The JCVI’s statement also suggested that alternative vaccines, including variant-specific vaccines, may become available during 2022, and may work better against the Omicron variant or other novel variants.

END

Europe/usa

More Americans are in hospital with COVID-19 than in last winter peak, and WHO warns more than half of Europe could be infected by omicron within weeks

Jan. 11, 2022 at 10:25 a.m. ET

MarketWatch

‘We’re certainly not at the point of being able to call it endemic,’ WHO official says

The number of Americans in hospitals with COVID-19 exceeded the peak seen last winter over the weekend, highlighting the speed with which the highly transmissible omicron variant is spreading.

There were 142,388 people in U.S. hospitals on Sunday, the New York Times reported, citing government data. That is more than the 142,315 that were counted on Jan. 14 of 2021.

The seven-day average for hospitalizations stood at 135,559 on Monday, according to a New York Times tracker, up 83% from two weeks ago. However, that is still well below the rate at which new cases are trending at 737,415 a day, up 203% from two weeks ago.

COVID-19 deaths are averaging 1,653 a day, up 36% from two weeks ago. Deaths lag hospitalizations and new cases and data is still showing that omicron is less lethal than earlier variants.

Case numbers are likely undercounted because many people are testing at home and their positive diagnoses are not being recorded. But the sharp spike shows the virus is spreading fast, creating many breakthrough cases in people who have been vaccinated and even boosted, and has not yet peaked.

Hospitals in some areas are filling fast and U.S. companies are reporting staffing issues due to illness with omicron in increasing numbers.

The head of the World Health Organization for Europe warned on Tuesday that more than half of Europeans could be infected with omicron in the next two months, if current infection rates continue. Regional Director Hans Kluge warned that the omicron variant represents a “new west-to-east tidal wave sweeping across” the European region, AFP reported.

The agency’s Europe region includes 53 countries and 50 of those have confirmed omicron cases, he said. And a full 26 of those have reported that more than 1% of their populations are contracting COVID-19 every week as of Jan. 10, with the overall region counting more than 7 million new cases in the first week of the new year alone.

The risk now is that hospitals will be overwhelmed by the sheer volume of cases and that will cause preventable fatalities.

Kluge stressed that for now, all data shows that vaccines continue to provide strong protection against serious illness and death, making it more important than ever that unvaccinated people get their shots.

“We still have a virus that’s evolving quite quickly and posing quite new challenges. So we’re certainly not at the point of being able to call it endemic,” WHO senior emergencies officer Catherine Smallwood told reporters.

Other COVID-19 news to know:

• Starting Saturday, private health insurers will be required to cover up to eight home COVID-19 tests per month for people on their plans, the Associated Press reported. Americans will be able to either purchase home testing kits for free under their insurance or submit receipts for the tests for reimbursement, up to the monthly per-person limit.

• Health authorities around the U.S. are increasingly taking the extraordinary step of allowing nurses and other workers infected with the coronavirus to stay on the job if they have mild symptoms or none at all, the AP reported separately. The move is a reaction to the severe hospital staffing shortages and crushing caseloads that the omicron variant is causing.

• Pfizer Inc. PFE, -0.74% is working on a hybrid vaccine that will cover coronavirus variants including omicron, with plans to seek regulatory clearance by March if needed, said the pharmaceutical giant’s chief executive officer Albert Bourla. Bourla made the comments at the annual J.P. Morgan Healthcare conference on Monday afternoon, where he discussed the company’s plans and challenges surrounding the highly transmissible omicron variant. An edited transcript of the comments were made available on Pfizer’s website.

• A third Chinese city has locked down its residents because of a COVID-19 outbreak, raising the number confined to their homes in China to about 20 million people, the AP reported. It wasn’t clear how long the lockdown of Anyang city, home to 5.5 million, would last as a notice said it was being done to facilitate mass testing but did not indicate if it would end when the testing is completed. Another 13 million people are locked down in the city of Xi’an and 1.1 million in Yuzhou.

• BioNTech SE BNTX, -4.05% said it has developed a new system with InstaDeep Ltd. that uses a mix of modeling and artificial intelligence to predict high-risk new SARS-CoV- 2 variants, based on publicly available virus sequences. The system examines the “fitness” and immune escape qualities of newly identified variants to determine their risk.

Here’s what the numbers say

The global tally of confirmed cases of COVID-19 climbed to 310.6 million Tuesday, according to data aggregated by Johns Hopkins University. The death toll climbed above 5.49 million.

The U.S. leads the world with 61.6 million cases and 839,500 fatalities.

The Centers for Disease Control and Prevention’s vaccine tracker is showing that about 208 million people living in the U.S. are fully vaccinated, equal to 62.6% of the population.

Some 75.8 million have received a booster, equal to 36.5% of the fully vaccinated.

end

EUROPE/LNG

European LNG imports hit a two year high as USA ships deliver much needed supplies

(zerohedge)

European LNG Imports Hit Two-Year High As US Flotilla Delivers Much-Needed Supplies

TUESDAY, JAN 11, 2022 – 04:15 AM

A flotilla of liquefied natural gas (LNG) from the US has finally arrived in Europe, increasing LNG imports on the fuel-starved continent to a two-year high. The fresh injection of natural gas is helping to offset declining Russian shipments. Prices of European natural gas fell Monday.

Data compiled by Bloomberg shows LNG gas imports in northwest Europe jumped to their highest levels since December 2019. The supply comes from a flotilla of up to 20 LNG vessels from the US that began their sailings in mid/late December.

Fresh supplies of LNG are helping to ease supply woes but will not solve the energy crisis on the fuel-starved continent this winter because stockpiles are at very low levels for this time of year. News of fresh supplies is temporary relief and has resulted in front-month Dutch gas futures falling as much as 6% to 82.50 euros a megawatt-hour and traded at 88 euros around 0600 ET.

Since mid-December, European gas prices have been halved from about 182 euros to 88 euros today. The downdraft is primarily due to the prospects of the flotilla.

Notably, there is still a significant arbitrage spread between US and EU Nattie prices over and above historical norms…

Here’s our reporting on the new supplies:

“With the peak of winter still ahead, we see a wide range of potential near-term price outcomes and expect elevated volatility to persist,” Morgan Stanley wrote in a commodity note.

Still, the flotilla only offers the fuel-starved continent temporary relief as Russia gas flows remain muted. The Yamal-Europe pipeline, sending gas into Germany from Russia, has been in reverse for three weeks, and other major pipelines into Europe have recorded below-average flows.

A resolution to Europe’s energy crisis is certifying Russia’s Gazprom PJSC’s controversial Nord Stream 2 pipeline, but that doesn’t seem possible until summer. So in the meantime, gas prices will remain elevated. If another winter blast comes around, gas prices will undoubtedly go back above 100 euros.

end

AUSTRIA

Insanity

(Watson/SummitNews)

Austria Makes Skiers Wear Face Masks Outdoors In New COVID Crackdown

TUESDAY, JAN 11, 2022 – 05:00 AM

Authored by Paul Joseph Watson via Summit News,

Austria is forcing skiers to wear face masks outdoors as it follows other European countries in bolstering draconian COVID restrictions in response to Omicron.

From Saturday onwards, face masks must be worn outdoors when social distancing of 2 meters cannot be maintained.

“This will affect Austrian ski resorts, where social distancing of this sort is difficult,” reports the Telegraph.
“Proof of vaccination will be also required in all shops in Austria from next week.”

The rule changes are in response to a surge in Omicron cases, with 8,269 total COVID-19 cases reported on Thursday.

Meanwhile, Austria will also begin deactivating the validity of COVID passes after 6 months in an effort to force everyone to get the booster shot.

The so-called ‘green passes’ will expire following a person’s last dose from February, with this period having been reduced from 9 months.

The announcement was made days after people who have had only one dose of the vaccine lost all their green pass privileges.

As we previously highlighted, the Austrian government is hiring people to “hunt down vaccine refusers” in advance of a mandatory vaccination law which takes effect from February.

The unvaccinated in Austria could also be imprisoned for a year under an administrative law that would force them to pay for their own internment.

While countries like England have relied on relatively light touch restrictions in response to Omicron, recognizing that its high transmissibility but mild severity make such measures largely pointless, Europe has doubled down on authoritarianism.

Outdoor masking has returned in Spain, the Netherlands is back under national lockdown, France shut down its nightclubs and Catalonia introduced a night time curfew.

end

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

RUSSIA/USA//NATO

Talks going nowhere

(zerohedge)

Icy Start To Russia-NATO Talks As US Calls Moscow’s Central Demand “A Non-Starter”

MONDAY, JAN 10, 2022 – 06:10 PM

As expected, after eight ours of talks between the US-NATO side and Russia in Geneva on Monday, there were no breakthroughs; instead, the opposite with the American delegation reportedly deeming Moscow’s request of no further eastward NATO expansion as a “nonstarter”.

The Associated Press cited the US side as “firmly rejecting the demands as a nonstarter” which led to each side digging into their positions. Later, Russian Deputy Foreign Minister Sergei Ryabkov confirmed “no progress” was made but still asserted that “We have no intention to invade Ukraine.”

Leading the US representatives was Deputy Secretary of State Wendy Sherman, who on a positive note said that it involved a “frank and forthright discussion” which led to “a better understanding of each other and each other’s priorities and concerns.”Source: EPA/EFE

Yet she further described it didn’t progress much past hearing the other side’s position laid out. “It was not what you would call a negotiation,” she told reporters. “We’re not to a point where we’re ready to set down texts and begin to go back and forth.”

But her words signaled to Moscow that the door is essentially shut on gaining legal guarantees that NATO will not pursue any further eastward expansion, with Ukraine and Georgia being central to the Russian demands (as the Russians also want prior verbal pledges regarding the two countries’ path to NATO membership rescinded).

Apparently Washington is in a position where it’s willing to come to the table with Russia, but doesn’t want to be seen as having NATO policy direction dictated by Moscow. Here’s what Sherman said on this:

“We were firm, however, on pushing back on security proposals that are simply nonstarters for the United States,” Sherman said, adding “we will not allow anyone” to shut NATO’s “open-door policy” that extends to countries seeking entry in the alliance.
She said Washington “will not forgo bilateral cooperation with sovereign states that wish to work with the United States. And, we will not make decisions about Ukraine without Ukraine, about Europe without Europe or about NATO without NATO.”

Additionally Sherman said, “If Russia stays at the table and takes concrete steps to deescalate tensions, we believe we can achieve progress.” She also reaffirmed the “costs” of any potential Russian offensive into Ukraine: “Those costs will include financial sanctions, and it’s been reported those sanctions will include key financial institutions, export controls that target industries; enhancements of NATO force posture on ally territory; and increased security assistance to Ukraine.”

Despite the Russians still vowing there won’t be the “expected” Ukraine invasion that Western press and officials have been greatly hyping over the last two months, the scenario is sill very dangerous, given the potential for an arms race and proliferation of missiles in Eastern Europe.

On this point, the Russian side stated the following:

“If now NATO proceeds towards deployment of capabilities that are being developed very rapidly in the US, and will possibly be introduced somewhere in Europe, it would require a military response on the Russian part, that is a decision to counter this threat through means at our discretion,” Ryabkov, speaking in English. “That will inevitably, unavoidably damage security of the U.S. and its European allies.”

Ryabkov was further quoted after Monday’s meeting in Russian media as saying the Americans are “playing with fire” – and that “We are calling on the US to demonstrate a maximum of responsibility at this moment. Risks related to a possible increase of confrontation shouldn’t be underestimated.”

END

IRAN/USA/ISRAEL

6.Global Issues

CORONAVIRUS/UPDATE/VACCINE MANDATE

As we have predicted: T cells produced from a previous infection offer protection against COVID 19 virus.

(Stieber/EpochTimes)

T Cells From Common Colds Cross-Protect Against Infection With COVID-19: Study

MONDAY, JAN 10, 2022 – 08:30 PM

Authored by Zachary Stieber via The Epoch Times,

A type of cells produced by the body when fighting common cold viruses cross-protect people against infection with the virus that causes COVID-19, according to a study published Monday.

A 3D print of a spike protein of SARS-CoV-2—the virus that causes COVID-19—in front of a 3D print of a SARS-CoV-2 virus particle. (Courtesy of NIAID/RML)

T cells have been recognized as a measure of protection against severe COVID-19 and previous research indicated that recovery from common colds may provide some level of shielding against the virus that causes COVID-19.

Researchers with Imperial College London found in the new study that the presence of such cells can also prevent infection by the CCP (Chinese Communist Party) virus, also known as SARS-CoV-2, which causes the disease.

The scientists assessed 52 contacts of newly diagnosed COVID-19 cases to pinpoint when they were first exposed and determined that people who tested negative for COVID-19 had higher cross-reactive T cell levels. They also took blood samples from the participants within 6 days of exposure.

“Being exposed to the SARS-CoV-2 virus doesn’t always result in infection, and we’ve been keen to understand why. We found that high levels of pre-existing T cells, created by the body when infected with other human coronaviruses like the common cold, can protect against COVID-19 infection,” Dr. Rhia Kundu, the lead author, of Imperial’s National Heart & Lung Institute, said in a statement.

Professor Ajit Lalvani, another author, said the study “provides the clearest evidence to date that T cells induced by common cold coronaviruses play a protective role against SARS-CoV-2 infection,” adding that “these T cells provide protection by attacking proteins within the virus, rather than the spike protein on its surface.”

The discovery could help scientists develop a new version of the COVID-19 vaccine, the researchers said.

“The spike protein is under intense immune pressure from vaccine-induced antibody which drives evolution of vaccine escape mutants. In contrast, the internal proteins targeted by the protective T cells we identified mutate much less. Consequently, they are highly conserved between the various SARS-CoV-2 variants, including omicron,” Lalvani said.
“New vaccines that include these conserved, internal proteins would therefore induce broadly protective T cell responses that should protect against current and future SARS-CoV-2 variants.”

They also urged people to get a COVID-19 vaccine instead of relying on the protection from cross-reactive T cells.

The currently available vaccines have proven less effective against the Omicron variant of the CCP virus, including against severe disease. While booster shots restore some of the lost protection, early data signals the boost quickly drops in effectiveness against infection after administration. Whether boosters last for longer periods of time remains unknown.

The study was published in Nature and was funded by the National Institute for Health Research Health Protection Research Unit and the Medical Research Council.

Limitations include the small number of participants and the fact that 88 percent were white.

Dr. Simon Clarke, an associate professor in Cellular Microbiology at the University of Reading, who was not involved with the study, said that people who have had colds should not assume they are protected against SARS-CoV-2 because many colds are not caused by coronaviruses and further research is needed on the matter.

“Although this is a relatively small study, it adds to our understanding of how our immune system fights the virus and shows that future vaccines might benefit from targeting components in addition to the spike protein,” he added

end

Dr Pierre Korry have to fight to get ivermectin to his patients

(Dr Pierre Korry).

Saturday Night Fight… At The Pharmacy

MONDAY, JAN 10, 2022 – 09:10 PM

Via Pierre Kory’s Medical Musings Substack,

In the Omicron wildfire, with hundreds of thousands ill each day, U.S physicians and patients need their pharmacists support.. but most block access to generic medicines, fearfully and/or willfully.

I am exhausted.. physically and emotionally and morally. Although I am not sure moral exhaustion is “a thing,” the daily witnessing of masses of physicians and pharmacists abandoning their core responsibility of placing the welfare of the patient as their primary consideration.. is beyond wearying. As my friend and COVID expert Dr. Hector Carvallo has long ago said, “it’s time for the lawyers.” It is becoming increasingly critical that the law profession aid the medical profession as it has long ago been led astray by captured federal pharmaceutical agencies. Note that I no longer call them “federal health agencies” as all their actions have been 100% consistent with what a pharmaceutical or vaccine manufacturer would want them to do. To prove that point, I simply ask that, when you read an announcement in corporate media that reports a new decision or action by the federal pharmaceutical agencies (FPA’s for short), simply ask yourself “is that what a pharmaceutical company would do?”

Perfect example of this exercise was 2 days ago when it was announced that the “FPA” had authorized boosters for 12-17 year old’s against omicron (a generally mild cold in kids), using a vaccine designed for older, fundamentally different variants that have already spectacularly failed at giving protection against omicron given ever-increasing data of “negative efficacy” (i.e. vaccinated people are getting omicron more frequently than the unvaccinated). Yet the FPA “doubles down” with yet another “non-scientific policy” so that Pharma can increase the total market size of those eligible for a vaccine… and who cares if this decision ends up sending more kids to hospital than the disease ever would. Another brutal assault on public health. Another day in the United States of Pharma.

In the United States of Pharma, individual docs and pharmacists have been led so far astray, forgivably or unforgivably, due to the relentless barrage of dis-information targeted at them by the FPA’s (further supported by relentless, daily propaganda appearing in both major media and medical journals). The resulting proportion of these two professions that have failed to display even a modicum of either critical thinking or moral conviction.. is terrifying. It is also causing lots of problems for patients and physicians (a colleague of mine now differentiates “doctors” from “physicians”, reserving the latter term for those who follow our guiding principles and ethics by always, always, putting the patient’s welfare as their primary goal above all else, even at personal sacrifice).

What prompted me to write this substack was my most recent failure (and the resulting distress that led to crap sleep last night) over not being able to get a pharmacist to fill my orders in the hours prior to closing of pharmacies for an acutely ill COVID patient that had contacted me reporting high fevers, sore throat, and body aches. I immediately wanted to start him on a short course combination regimen of three, old, safe, cheap generic medications, all with large clinical trials evidence bases showing high efficacy against COVID (ivermectin, hydroxychloroquine, fluvoxamine). What is important to note is that, months ago I stopped trying to contact ANY pharmacy unless I KNEW they would fill my scripts for these off-patients medications because unless I knew a pharmacy was “safe”, I ran a high probability of entering an un-affordably time-wasting and ultimately losing argument with some smug, obstinate pharmacist. As a result, we early treatment docs have long since been forced to build lists of “safe haven” pharmacies where we know we can easily get access to these medicines for our patients.

However, last night, I was inspired to make an attempt on a new, unknown pharmacy on behalf of my new patient as I had just read Steve Kirsch’s substack about my colleague and early COVID-treatment pioneer/expert Dr. Brian Tyson, in which was included the letter written by Dr. Brian Tyson’s attorney (also with the last name Tyson) that was used to “sway” a local pharmacy that had suddenly refused to fill.

The letter is thorough , deeply well-argued, and informs the pharmacists that they are; 1) violating the civil rights of patients, 2) interfering with a physicians ability to practice medicine and 3) exhibiting behavior that constitutes the unlicensed and negligent practice of medicine. Now, I had argued all these points before in previous “conflicts” with pharmacists, but never all at the same time, and rarely threatening a lawsuit. Duly and newly emboldened.. I made the call.

4:20 Pacific time (pharmacies close there at 6pm).

Transcript (from memory):

“Hi, I’d like to call in a prescription for a couple of patients.”

“OK, what’s the first patients name and date of birth?”

“Timothy Thomas (not his real name), born Nov. 6th, 1977.”

(pause, clacking of keyboard)

“OK, what does he need?”

(Wait for it)

“He needs ivermectin, 3 milligram tablets, I want him to take 15 each day as he is a big guy, and for 5 days with a refill. Then he needs, hydroxychloro…

“Doctor, I am sorry but I cannot fill the ivermectin. The owner has said we are not to fill for COVID, there is no evidence it works.”

“Listen, I don’t know who the owner is but you are the pharmacist on duty, and I am calling in a prescription to you, not the owner.”

“I,I, I am sorry but I can’t..”

I look at the letter, and then start spewing rapid fire arguments at him, “well unfortunately for you, my patient is an executive of a company and their lawyer is prepared to and will send a letter of intent to sue if it has not been filled because you are violating his civil rights, blocking my licensed ability to practice medicine and care for my sick patient, and you are clearly practicing medicine illegally and highly ignorantly. You should at least know what you are doing if you are going to do it without a license man”

“But I am allowed to refuse doctor.”

“That is what you think and what you have been told… But, I can promise you, that when you bring your arguments up in court as to why you refused, they will not hold up if any harm comes to my patient by your refusal. They will NOT HOLD UP, but you can try. The lawyer will serve the letter on Monday, I promise you, we are fed up out here and are fighting back, all of my fellow physicians being blocked by pharmacists are now using legal action (OK, so I overstated things a bit), I am sorry you are in the position you are in, but you have no rational or scientific evidence to support a refusal, but if you want to go to court to find out, we can make that happen for you”

“I..I.. feel intimidated.”

“Well, I am sorry for that, but you are hurting my patient and my ability to care for them. It is THEY who YOU are intimidating Sir. All you have to do is take my script, fill it, and we don’t have to go on like this. These medications are FDA approved, I am using them off-label based on a large body of evidence and experience in COVID, and off label prescribing is both legal and historically encouraged by the FDA. You are clearly practicing medicine and I promise that will be proven to you in a court of law. Please just fill it and you wont have to hear from me or my patient again.”

(Pause, silence)

“I cannot do it, I am not supposed to.”

“OK then, I will also remind you that you are legally required to provide me your name and license number as we will be pursuing legal action against you.”

“I am not giving you my name, I am not comfortable with that.”

“OK, so you think I can’t find it out? Fine, I am also documenting this refusal. Again, I am not interested in a contentious argument, I am asking you simply to fill the prescriptions for two sick patients who need my help, and if you do, you won’t have to hear from me or the patient’s lawyer.”

He whispers.. “OK, tell me the rest of the prescriptions.”

I tell him the rest, then say, “my patient will be there by closing time, thank you and I apologize for my tone but I am just trying to do the best for my sick patients.”

Victory? Yes! Haven’t won one of these in months.. the letter and it’s well articulated legal threats worked! Thanks Steve! Thanks Bryan (and your attorney)!

I finish telling him the rest of the scripts for my patient and his wife (I also needed to call in medicines for her so she could have some on hand and also begin ivermectin as a prophylactic agent given it ensures an easier course even if she is already or eventually becomes infected).

I then happily call the patient, tell him to get his wife to pick up the medicines along with the other over-the-counter compounds that have clinical trials supporting their use. And then I go to the couch to literally lay down (insane day of dozens of patient care requests, other zooms and phone calls, maybe 12+ hours on the phone).

30 minutes later.. patients texts me.. my wife went there and the pharmacist wont fill.

Now, despite the fact that I co-wrote a document with Executive Director Kelly Bumann of the FLCCC and Unity Project Founder Jeff Hanson, called “Overcoming the Barriers to Access,” which is a document full of sound, pragmatic tactics and dialogue examples offered to patients (and docs) in order to help them navigate such pharmacist obstructions, they typically will not work when it is an hour before closing on a weekend. So, here I am the next morning. Fortunately I was able to get 2 of the medicines filled through another pharmacy, with enough for his wife as she unsurprisingly fell ill overnight (omicron moves fast). Unfortunately, they will have to wait until tomorrow to get the 3rd medicine from a “friendly” or “underground” pharmacy (not really underground but you get the analogy).

This is what it is like out here trying to fight for patients sick with COVID – widespread delays in care as blocking access to medicines by ignorant/arrogant pharmacists is ubiquitous. The majority of pharmacists (not all!) have simply stopped thinking critically or devoting effort to review the evidence base, instead simply believe what they are told by their Boards (a.k.a. their Ministries of Truth). As if the insane numbers of ill omicron patients to care for is not challenging enough.

In the words of Louisiana Attorney General Jeff Landry, who went after his state’s Pharmacy Board when they tried to scare the states pharmacists away from prescribing ivermectin by sending them threatening letters, “it is shocking that pharmacists are suddenly developing a conscience after spending the last decade handing out opiates like they were M & M’s”. Well said and tragically absurd.

This newfound conscience influencing such actions is likely further fueled by a sometime resident psychology of pharmacists who may feel “less than” a physician given their limited scope of patient care tasks. Emboldened by a seemingly legal opportunity to assert superiority and control over physicians, many find these too irresistible to resist. Instead, they seem to be clearly “getting off” from pointing out to the “stupid” doctors that the Ministry of Truth has done the research for them and have found that in the name of science, doctors must be stopped from using “ineffective horse de-wormer” to treat COVID. Good times. Just another day in the life of an early COVID treatment expert.

Let me end with the following disturbing data and observations. Take a look at this chart compiled by the FLCCC data analyst, Juan Chamie.

From the above, it should be noted that prior to our FLCCC ivermectin paper being posted on a pre-print server (Nov 13, 2020) and prior to my testimony in the Senate hearings of Senator Ron Johnson noted above (Dec. 8, 2020), nursing home residents made up about 30% of all COVID deaths in the U.S. (also note that Senator Johnson’s efforts have made him one of the most (if not the most) impactful of the early treatment advocates for COVID in this country.. (and in history?).

As you can see from above, suddenly, by mid-to-late December 2020, the proportion of dying U.S COVID patients that were residents in nursing homes started to plummet to now around 5-6% of all U.S COVID deaths.. and it has stayed stably low at this level ever since (notice how you never read any more newspaper reports of legions of people dying in nursing homes?). Hmmm. Was it the vaccines? Nope – nursing home resident vaccination rates were equal to or lower than the over 65 non-nursing home population, and the latter continued to make up a large proportion of COVID deaths in the U.S. So, why did nursing homes become such “safe havens” relative to the rest of society after December of 2020?

I maintain there are two reasons; 1) nursing homes often have their own in-house pharmacy so do have to rely on negotiating with arrogant/ignorant retail pharmacists for access to medications like ivermectin, and 2) nursing home directors across the country learned that ivermectin is highly effective at preventing hospitalization and death, and thus they have widely used it across the U.S to treat COVID outbreaks in nursing homes (here, here, here, and here). Turns out, this practice makes for really good business since dead or hospitalized nursing home residents.. no longer generate income for the nursing home. Once again, all about the Benjamins. Shocker.

* * *

END

Morgan Stanley believes that the Omicron wave will peak in 3 weeks. I am in their camp

(zerohedge)

Morgan Stanley Says US Omicron Wave Will Peak In 3 Weeks

MONDAY, JAN 10, 2022 – 11:30 PM

Morgan Stanley has called the top on Omicron, or at least offered a range of when the peak might arrive.

In their latest note to clients, a team led by equity analyst Matthew Harrison projected that the omicron wave in North America would likely peak within 3-6 weeks, which would place the peak of this wave at a slightly later point than last year’s winter top in new cases identified.

By using an “established relationship” between the virus’s effective reproduction rate and the number of new case, the bank’s analysts can look at the situation in South Africa, and help postulate what might happen in Europe and the US.

The case wave reaches a peak when R returns to 1. Currently in South Africa, R is below 1 and lower than last week, reflecting the steep decrease in cases. R is still growing (and thus cases are as well) in the US, UK,and EU, so, according to Morgan Stanley, the peak isn’t in yet.

The bank used data from South Africa as a basis for its projections for the US and Europe. For example, it took South Africa 4-5 weeks to reach peak cases (mid-Nov to mid-Dec), which is faster than Delta (~9 weeks). And R peaked ~2-3 weeks ahead of the case peak and decreased from ~2 to ~1 in 20 days.

Assuming a similar trajectory in the US, Morgan Stanley laid out its bull base and bear cases for the omicron wave in the US.

And here’s a comparison of the rate of viral reproduction in the US and South Africa.

The MS team explained that their bull case assumes a peak 1-2 weeks from now, while their bear case would mean the peak might be as many as 8 weeks distant.

The note also included some insights about omicron’s ability to crowd out the competition. Using the strain sequencing data from GISAID, the MS team was able to determine that omicron displaced delta as the dominant strain in under two weeks.

Finally, here’s a comparison of the rate of transmission in various countries this week vs. last.

* * *
Source: Morgan Stanley

end

Important!!

Media, CDC Quietly Admit 3 COVID Truths After 2 Years Of Lies. Did They Think We Wouldn’t Notice?
https://thefederalist.com/2022/01/10/media-cdc-quietly-admit-3-covid-truths-after-2-years-of-lies-did-they-think-we-wouldnt-notice/

end

ONTARIO/CANADA

Robert H on the following story:

“Welcome to banana villa! Can anyone explain why states like Texas or Florida have no such problems?
Very sad to see Ontario whither away due to incompetent leadership. Perhaps yesterday is truly gone never to return. And it is hard to imagine the personal grief this will cause so many families. As it is as of today there is a 15% reduction in transit service in Toronto due to a lack of personnel. Is the province simply sputtering to a real crisis in Efficiency?Spoke to a woman today who returned from the Bahamas and she and her daughter were singled out to be tested at the airport and told to quarantine for a week until they received a all clear test result. This after being tested negative before the flight back. She is one pissed off person as she is an independent business person now basically sitting at home. Crazy stuff.”
CheersRobert

After firing all unvaccinated doctors and nurses, Ontario orders hospitals and clinics to CANCEL non-urgent surgeries due to lack of staff

Sunday, January 09, 2022 by: Ethan Huff
Tags: canceled, Collapse, COVID, fired, Ontario, Plandemic, surgeries, unvaccinated

Natural News) Ontario’s Chief Medical Officer of Health Dr. Kieran Moore has announced that all non-urgent surgeries are being canceled throughout the province due to an overload of sick patients and not enough medical staff.

Because all unvaccinated nurses and doctors were recently let go from their jobs due to Canada’s Wuhan coronavirus (Covid-19) “vaccine” mandates, there are now not enough bodies on-site to handle the influx of sick patients, many of whom are “fully vaccinated.”

Effective Jan. 5, anyone needing a surgery that the Canadian government deems to be not that important will have to wait indefinitely to receive medical care. The rule applies to both hospitals and independent health clinics throughout Ontario.

“Directive #2,” as Moore calls it, stipulates that all non-emergent and non-urgent surgeries and procedures must be put on hold “in order to preserve critical care and human resource capacity in the healthcare system in light of rising infection cases due to the Omicron variant,” reports The Epoch Times.

Since most cases of Omicron (Moronic) are occurring in people who got vaccinated, this means that medical care at Ontario hospitals and health facilities is now being rationed strictly for the jabbed.

“This is consistent with what was previously in place with Directive #2 and helps to ensure that health human resources remain available to support the province’s COVID-19 response,” said a spokesperson from Ontario’s Health Ministry about how all health facilities are basically now barred from providing “non-urgent/non-emergency procedures that require surgical nursing support or anesthesia health human resources.”

Certain dental procedures also now banned due to lack of staff caused by discrimination against the unvaccinated

Another casualty in Ontario’s healthcare system is dental care that carries the risk of a patient requiring “emergency medical services or other hospital services,” or that require “a sedation or anesthetic team.”

Thanks to Ontario’s discriminatory policies that resulted in unvaccinated medical workers basically being fired from their jobs, there are now not enough workers to even care for people’s teeth.

“Surgery in a dental setting that meets these criteria must be urgent and emergent in order to proceed,” the Times further revealed.

According to Moore, these bans on medical care are expected to free up anywhere from 1,200 to 1,500 beds, which are clearly need for all of the fully vaccinated patients who are flooding hospitals in need of emergency care for their vaccine injuries.

These beds, Moore insists, are needed to “provide oxygen and care” to people who test positive for Moronic or other variants of the Fauci Flu.

Moore expects a massive wave of new patients who need to be hospitalized in the coming weeks. After January, he says that wave will likely taper off.

“Specifically, cases are at the highest level since the start of the pandemic (>18,000 per day) and a continued acceleration in cases, and increased hospitalizations are expected throughout January 2022,” Moore’s directive further states.

Almost all of the experts seem to agree that Moronic is relatively mild, though. Very few people who “catch” it (or develop it, in the case of the fully vaccinated) end up requiring hospitalization, especially if they are otherwise healthy and do not have other preexisting conditions such as obesity.

“Public health care now means no health care. The pandemic is 2 years old and no increased capacity (with declining covid hospital admissions from the omicron variant),” wrote one commenter at the Times.

“Hospitals are empty,” wrote another. “It’s all lies.”

“I called our hospital, they have 2 hospitalized, serving 110,000 pop,” added another, affirming that same claim. “Total COVID ward is 4 beds. Hospital has over 120 beds.”

The latest Chinese Virus news can be found at Pandemic.news.

end

The trucker strike / vax mandate is coming Jan 15. Everyone needs to prepare.
– At least 20 pounds of rice per person in household- 3 pounds of beans per person in household- Plenty of other food – pasta, frozen meat, vegetables and fruit, canned food- Thousands of $ in cash. Keep bank cash balance low (sucks for me because I have a farm transaction happening in Feb)
Hopefully Trudeau calls off the mandatory vax for truckers crossing the border. As of today, that mandate is still on. The trucks are not going to move. Truckers are very pissed.

VACCINE IMPACT

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end

GLOBAL STORIES/

end

Michael Every with today’s most important topics

Michael Every.//Bas VanGeffen

Ring, Ring, Ring, Ring, Ring, No Telephone

TUESDAY, JAN 11, 2022 – 10:06 AM

By Bas van Geffen, senior macro strategist at Rabobank

The Olympic rings are a symbol of friendly competition on an international level. I mean, what could unite countries better than each of them rooting for the athletes of their own nationality as they race their best competitors from all other countries of the globe. And in a sign of the times, the ‘friendly’ part of ‘friendly competition’ might also best be dropped. Our own Dutch Olympic Committee has just advised all of its athletes traveling to Beijing for the Winter Games to leave phones and other devices at home out of privacy concerns and fear that confidential information, such as training schedules, may be stolen. Indeed, we have come to the point where there are real concerns about corporate espionage in sports.

This distrust also symbolizes the broader state of geopolitics, as we have outlined on these pages many times before. US and Russian diplomats met yesterday to address US concerns about the build-up of Russian troops near the Ukraine border and Russia’s anxiety about a further eastward expansion of NATOs forces. Thus far this has led to few concrete breakthroughs, although none were expected to come from these talks. At the same time, the US Senate is set to vote on a bill that would impose sanctions on the Nord Stream 2 pipeline, which would certainly make negotiations more complicated. First of all it wouldn’t go down well with the Russian government, and early sanctions on the pipeline may diminish its value as a ‘stick’ should there be further escalation near the Ukraine border. Secondly, it may drive a rift in a united western front if Germany maintains a less confrontational stance – even if the country is only forced to do so by the current gas shortages in Europe.

Turning back to Olympic symbolism, the fact that China continues its strict lockdown policies in parts of the country ahead of the Olympics also plays into the trend of inequality: millions of people are not allowed to leave their homes for weeks. Tianjin, a city near Beijing, is the latest city to ramp up its Covid-19 curbs after a number of people were diagnosed with omicron. Still, top athletes will travel to Bejing from across the globe in the next few weeks. Of course, tennis star Djokovic has recently shown that such international travel will not always go smoothly, but it does raise the suggestion that everyone is equal, but some are more equal than others. Now it would be far too easy to draw a parallel with the 10 Downing Street Christmas drinks while the entirety of the UK was in lockdown, and a bit of a cheap shot as that story has been rehashed often enough now. So I won’t. Boris Johnson allegedly hosted another party in the middle of the 2020 lockdown. Staff were invited to a BYOB garden party that took place only an hour after the government restricted outside gatherings to two people.

Asian equities mostly traded in the red today. The news of further lockdowns in China and Japanese PM Kishida keeping border restrictions in place may not have helped the mood, but it largely seems to reflect the weak start to the week in the US as well. That said, Europe is currently looking much greener at the open, with gains of around 1% across the board.

ECB board member Schnabel pointed to a greener Europe –pardon the horrible Segway– as a potential risk to the bank’s longer-term inflation outlook this weekend. The current impact of the gas shortages may indeed be a sign of what’s in store for Europe during the transition towards a greener economy, and difficulties sourcing materials and labour needed to install the infrastructure required for a greener energy grid could indeed put upward pressure on future costs. If Schnabel’s arguments become more widely supported within the Council, this could pave the way for a further upward revision of the ECB’s inflation projections later this year, and could thus be a trigger for the bank to wind down more of its policy easing.

Nonetheless, Chief Economist Lane reiterated once again that price pressures should come down this year, repeating his reassurances from last Friday that the medium-term forecasts remain below target. We have long held a similar view, as wage pressures in Europe still seem to be of a completely different magnitude than those currently faced by the Fed. Supporting this notion, WSJ reported that the CFO of Volkswagen “doesn’t see significant pressure on wages” and still expects inflation to be temporary, even though chip shortages may continue to stifle production.

Day ahead

FOMC Chairman Powell is scheduled to testify for the Senate Banking Committee in his re-confirmation hearing. The chairman’s set text has been released already, and Powell repeats that the Fed remains committed to the dual mandate of maximum employment and price stability, adding that the FOMC will “prevent higher inflation from becoming entrenched”. Following last week’s release of minutes of the December meeting, these comments could further add to the markets’ perception that the Fed may hike rates in March already. Market-implied odds continue to hover around a 90% chance of such a move. Moreover, it could also add to the concerns that balance sheet reduction may also start in the not too distant future. Powell will undoubtedly have to field questions about the currently high inflation rate, and his answers later today will surely prepare the context for the release of the December CPI estimates tomorrow.

7. OIL ISSUES

8 EMERGING MARKET& AUSTRALIA ISSUES

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

AUSTRALIA

Australian police use tear gas trying to quell an angry crowd of Djokovic supporters

(zerohedge)

Australian Police Tear-Gas Angry Crowd Of Djokovic Supporters

MONDAY, JAN 10, 2022 – 06:50 PM

Police in Australia pepper-sprayed a mob of supporters of tennis champion Novak Djokovic on Monday evening in Melbourne after the crowd began blocking car traffic and standing on a vehicle they thought carried Djokovic. The uproar took place outside Djokovic’s lawyer’s office.

As we reported earlier, Djokovic was freed from Australian detention on Monday by a judge who ruled the government had made a mistake canceling his visa. He is planning on staying in Australia to try and compete in the Australian Open in Melbourne next week, where he will be angling to clinch his 21st Grand Slam title, which would put him ahead of Roger Federer for most wins.

Djokovic tried to enter the country last week to start practicing early for the tournament, but border force agents detained him and forced him into a migrant detention facility, something that was not taken well by his fans.

While the Australian government tried to slander Djokovic as a public health threat (as if his presence would make any difference in a country where COVID cases are surging despite all measures to try and slow the spread), some have speculated that Djokovic’s detention was due to the fact that his exemption was given because he had been infected in December 2021. The Australian government doesn’t want to appear to give legitimacy to the notion that natural infection breeds immunity (even though natural infection is likely better).

The scene was captured on social media.

The Australian government is still reportedly weighing whether to “deport” Djokovic ahead of the tournament (which begins Jan. 17). While it’s been said the decision won’t arrive today, it may arrive in the coming days.

Given the intensity of the crowd response at Djokovic’s lawyer’s office, one twitter user joked that the Australian government would be foolish to try re-arresting him for a deportation.

But if the recent past is any guide, well, they have made stupider decisions.

END

We await what the Aussie government will do whether they deport Djokovic or not

(zerohedge)

Djokovic Training Hard In Melbourne As Possibility Of Deportation Looms

TUESDAY, JAN 11, 2022 – 07:08 AM

With the possibility of a deportation order still hanging over his head, Novak Djokovic suited up Tuesday for a day of practice at Melbourne Park – with only members of his core team allowed in the facility – as the Serbian government held talks with the Australian government about the situation at hand.

According to the AP, the two governments agreed to keep in touch in regards to Djokovic’s visa situation (a judge on Monday overturned the Aussie government’s decision to cancel Djoko’s visa, allowing him to be freed from an immigration detention facility where he had spent most of the prior week) and to talk before a final call about whether to deport Djokovic is made. Immigration Minister Alex Hawke has already said that any decision on whether to deport Djokovic wouldn’t be made on Tuesday, but on a later date.

An aerial photo taken of the tennis star showed him hard at work on Tuesday as he attempts to compensate for nearly a whole week of lost training.

They watched as he hit shots from behind the baseline and took feedback from his coach.

Video showed Djokovic hitting shots from behind the baseline, taking feedback from his coach, and stretching beside the court with a trainer on a sunny but mild summer afternoon.
Soon after, organizers released the seedings for the Australian Open tournament, and Djokovic was listed at No. 1 for the men’s singles draw.

Djokovic is hoping to compete in Melbourne’s Australian Open, the first Grand Slam tournament of the year, where he will be competing for what could be his 21st Grand Slam title. Should he succeed, Djoko would finally break the tie with Roger Federer (both players have a record 20 title wins to their name).

Aussie PM Scott Morrison and his Serbian counterpart Ana Brnabić

Here’s the AP:

Prime Minister Scott Morrison and his Serbian counterpart, Ana Brnabić, agreed in their telephone conversation to keep in touch over the disputed visa, Morrison’s office said.
“The PM explained our non-discriminatory border policy and its role in protecting Australia during the COVID-19 pandemic,” Morrison’s office said in a statement.
Brnabić asked Morrison to ensure Djokovic was treated with dignity, public broadcaster Radio Television of Serbia reported.
“The (Serbian) prime minister especially emphasized the importance of the conditions for training and physical preparation for the upcoming competition, considering that Novak Djokovic was not allowed to train in the previous days,” RTS reported.

Further illustrating the depth of the international public backlash against the Australian government, even the AP acknowledged that the deportation drama has “polarized” public opinion and elicited “strong support” for the tennis star.

Meanwhile, Australian PM Morrison and his government are trying to shuffle the blame for the whole visa-cancellation debacle on to Australian Tennis. And unsurprisingly, ATP has pushed back. All the while, opposition ministers slammed Morrison’s government for making Australia look like a “joke” – no pun intended.

Morrison’s conservative government has blamed the debacle on Tennis Australia, which ministers accuse of misleading players about Australia’s vaccine requirements. But newspapers have reported that Tennis Australia had pleaded with the Department of Home Affairs to check the visa paperwork of Djokovic and other players before their in-bound flights.
The opposition home affairs spokesperson, Kristina Keneally, blamed the confusion on a lack of planning by the government and said the saga made Australia “look like a bit of a joke” on the world stage.
“It does incredible damage to Australia” if Djokovic gets deported, Keneally told the Seven Network television, but “if he gets to stay it does incredible damage to our tough border laws and is a real insult to the Australians who did the hard work of lockdowns and vaccination.”

Making matters worse, even Daniel Andrews, premier of Victoria state which is hosting the Australian Open, suggested that his own government had switched up the rules in a manner that sowed confusion.

Daniel Andrews, premier of Victoria state which is hosting the Australian Open, said the federal government had changed its border rules in recent months.
“When we talked about exemptions previously, you would recall that Minister Hawke had said that it was his expectation that if you weren’t double vaxxed, you wouldn’t get into the country whether you’re playing tennis or doing anything else,” said Andrews, who like Keneally is a member of the center-left Labor Party.
“Turned out that wasn’t the Commonwealth government’s position and that they have been letting people in who haven’t been double vaxxed,” Andrews added.

As the world waits to see whether the Australian government will double down and expel Djokovic – a deportation would include a three-year ban for the tennis star – crowds of fanatical Djokovic supporters have already clashed with Australian police outside his lawyer’s office following the judge’s decision to free the star.

With all the potential for more drama should the government try to apprehend the tennis player for a deportation, the Washington Post has termed this Australia’s “summer of discontent”.

end

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

Euro/USA 1.1335 UP .0035 /EUROPE BOURSES //ALL GREEN

USA/ YEN 115.47 UP 0.193 /NOW TARGETS INTEREST RATE AT .11% AS IT WILL BUY UNLIMITED BONDS TO GETS TO THAT LEVEL…

GBP/USA 1.3582 UP 0.0021

Last night Shanghai COMPOSITE CLOSED DOWN 26.08 OR 0.73%

//Hang Sang CLOSED DOWN 7.48 PTS OR 0.03%

/AUSTRALIA CLOSED DOWN .71% // EUROPEAN BOURSES OPENED ALL GREEN

Trading from Europe and ASIA

I)EUROPEAN BOURSES ALL GREEN

2/ CHINESE BOURSES / :Hang SANG CLOSED UP 7.48 OR 0.03%

/SHANGHAI CLOSED UP 26.08 PTS OR 0.73%

Australia BOURSE CLOSED DOWN .71%

(Nikkei (Japan) CLOSED DOWN 256.08 PTS OR 0.90%

INDIA’S SENSEX IN THE GREEN

Gold very early morning trading: 187.00

silver:$22.62-

USA dollar index early TUESDAY morning: 95.92 DOWN 7 CENT(S) from MONDAY’s close.

THIS ENDS TUESDAY MORNING NUMBERS

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

And now your closing TUESDAY NUMBERS 1: 00 PM

Portuguese 10 year bond yield: 0.60% UP 1 in basis point(s) yield from YESTERDAY/

JAPANESE BOND YIELD: +0.155% UP 2 AND 0/10 BASIS POINTS from YESTERDAY/JAPAN losing control of its yield curve/

SPANISH 10 YR BOND YIELD: 0.67%// UP 2 in basis points yield from yesterday.

ITALIAN 10 YR BOND YIELD 1.31 up 3 points in basis points yield from yesterday./

the Italian 10 yr bond yield is trading 64 points higher than Spain.

GERMAN 10 YR BOND YIELD: RISES TO -0.028% IN BASIS POINTS ON THE DAY//

THE IMPORTANT SPREAD BETWEEN ITALIAN 10 YR BOND AND GERMAN 10 YEAR BOND IS 1.33% 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 TUESDAY

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

Euro/USA 1.1364 UP .0034 or 34 basis points

USA/Japan: 115.36 up 0.079 OR YEN down 8 basis points/

Great Britain/USA 1.3621 UP 42 BASIS POINTS)

Canadian dollar UP 59 pts to 1.2607

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The USA/Yuan, CNY: closed ON SHORE (CLOSED UP)..6.3741

THE USA/YUAN OFFSHORE: (YUAN CLOSED (UP)..6.3781

TURKISH LIRA: 13.83 EXTREMELY DANGEROUS LEVEL/DEATH WISH/HYPERINFLATION TO BEGIN.

the 10 yr Japanese bond yield at +0.155

Your closing 10 yr US bond yield DOWN 1 IN basis points from MONDAY at 1.761% //trading well ABOVE the resistance level of 2.27-2.32%) very problematic

USA 30 yr bond yield: 2.083 DOWN 1 in basis points

Your closing USA dollar index, 95.69 DOWN 30 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 TUESDAY: 12:00 PM

London: CLOSED UP 44.41 PTS OR 0.60%

German Dax : CLOSED UP 174.74points or 1.11%

Paris CAC CLOSED UP 65.19 PTS OR 0.92%

Spain IBEX CLOSED UP 58.70PTS OR .67%

Italian MIB: CLOSED UP 177.62 PTS OR 0.63

WTI Oil price 78.50 12: EST

Brent Oil: 81.07 12:00 EST

USA /RUSSIAN / RUBLE RISES: 74.52 THE CROSS LOWER BY 46 RUBLES/DOLLAR (RUBLE HIGHER BY 46 BASIS PTS)

GERMAN 10 YR BOND YIELD; -.028

CLOSING NUMBERS: 4 PM

Euro vs USA: 1.1365 UP .0038 BASIS PTS OR 38 BASIS POINTS

British Pound: 1.3629 UP .0105 or up 105 basis pts

USA dollar vs Japanese Yen: 115.31 up .027

USA dollar vs Canadian dollar: 1.2576 UP .0090 (cdn dollar up 90basis pts)

West Texas intermediate oil: 81.46

Brent: 83.74

USA 10 yr bond yield: 1.748 down 2 points

USA 30 yr bond yield: 2.080 DOWN 2 pts.

USA dollar vs Turkish lira: 13,81

usa dollar vs Russian rouble: 74.43 down 55 basis pts.

DOW JONES INDUSTRIAL AVERAGE: UP 183.15 PTS OR 0.51%

NASDAQ 100 UP 229.70 OR 1.47%

VOLATILITY INDEX: 18.37 DOWN 1.03 PTS

GLD/NYSE CLOSING PRICE $170.29 UP $2.13 OR 1.21%

SLV/NYSE CLOSING PRICE: $21.05// UP $.29 OR 1.40%

USA TRADING TODAY IN GRAPH FORM:

Bitcoin, Bonds, Big-Tech, & Bullion Bid On Powell’s ‘Goldilocks’ Testimony

BY TYLER DURDENTUESDAY, JAN 11, 2022 – 04:00 PM

Who could have seen that coming?https://platform.twitter.com/embed/Tweet.html?dnt=false&embedId=twitter-widget-0&features=eyJ0ZndfZXhwZXJpbWVudHNfY29va2llX2V4cGlyYXRpb24iOnsiYnVja2V0IjoxMjA5NjAwLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X2hvcml6b25fdHdlZXRfZW1iZWRfOTU1NSI6eyJidWNrZXQiOiJodGUiLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X3NwYWNlX2NhcmQiOnsiYnVja2V0Ijoib2ZmIiwidmVyc2lvbiI6bnVsbH19&frame=false&hideCard=false&hideThread=false&id=1480907130441981954&lang=en&origin=https%3A%2F%2Fwww.zerohedge.com%2Fmarkets%2Fbitcoin-bonds-big-tech-bullion-bid-powells-goldilocks-testimony&sessionId=45d88d77788b7a723ea1273afd3bf108383fee30&siteScreenName=zerohedge&theme=light&widgetsVersion=86e9194f%3A1641882287124&width=550px

As we suspected, Powell’s hearing delivered a not-too-hot, not-too-cold, just right temperature mix of virtue-signaling and monetary policy promises, which sparked a bid in stocks, bonds, gold, and sent the dollar lower…

Source: Bloomberg

And crypto was also suddenly bid…

Source: Bloomberg

So traders BTFD ahead of the ‘news’ yesterday and BTFD on the ‘news’ today. Nasdaq was the big gainer and The Dow made it back to unchanged…

Because…

And we just are not ready for this kind of pain yet!!

As shorts were squeezed yet again…

Source: Bloomberg

Cyclicals continued their charged higher from yesterday’s puke open. Defensives opened weak today but were bid back to unch by the close…

Source: Bloomberg

Treasuries were broadly dumped overnight and then bid during the US day session (particularly during Powell’s hearing), helped by a solid 3Y auction with the entire curve around 1bps lower in yield on the day…

Source: Bloomberg

The dollar was sold during the Powell hearing, dragging the greenback into the red against its fiat friends for the year…

Source: Bloomberg

Bitcoin spiked back above $43k…

Source: Bloomberg

And Ethereum broke back above $3200…

Source: Bloomberg

Gold spiked back above $1820 today…

WTI Crude ripped back above $81, back above pre-Omicron and pre-SPR-release levels…

Finally, in case you needed some more clarification on what exactly is happening…https://platform.twitter.com/embed/Tweet.html?dnt=false&embedId=twitter-widget-1&features=eyJ0ZndfZXhwZXJpbWVudHNfY29va2llX2V4cGlyYXRpb24iOnsiYnVja2V0IjoxMjA5NjAwLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X2hvcml6b25fdHdlZXRfZW1iZWRfOTU1NSI6eyJidWNrZXQiOiJodGUiLCJ2ZXJzaW9uIjpudWxsfSwidGZ3X3NwYWNlX2NhcmQiOnsiYnVja2V0Ijoib2ZmIiwidmVyc2lvbiI6bnVsbH19&frame=false&hideCard=false&hideThread=false&id=1480985418376134656&lang=en&origin=https%3A%2F%2Fwww.zerohedge.com%2Fmarkets%2Fbitcoin-bonds-big-tech-bullion-bid-powells-goldilocks-testimony&sessionId=45d88d77788b7a723ea1273afd3bf108383fee30&siteScreenName=zerohedge&theme=light&widgetsVersion=86e9194f%3A1641882287124&width=550px

Sigh…

Hawk, Dove, or Chicken?

END

I)MORNING TRADING/AFTERNOON TRADING

II)USA DATA

III) USA COVID UPDATES.

Robert Malone: think twice before you vaccine your kids

(Ly/EpochTimes/Dr Robert Malone

“Think Twice Before You Vaccinate Your Kids”, Dr. Robert Malone Warns Parents On COVID-19 Shots

MONDAY, JAN 10, 2022 – 11:10 PM

Authored by Mimi Nguyen Ly and Jan Jekielek via The Epoch Times,

Dr. Robert Malone, a virologist and immunologist who has contributed significantly to the technology of mRNA vaccines, issued a strong caution for those who seek to have their children vaccinated against COVID-19.

“Think twice before you vaccinate your kids. Because if something bad happens, you can’t go back and say, ‘whoops, I want a do-over,’” Malone told EpochTV’s “American Thought Leaders” program in an interview, Part 1 of which premiered on Sunday.

He also said, “It is clear that parents should think twice about vaccinating their child,” adding that serious adverse events can occur and can be “so severe that it puts your child in the hospital.”

Malone noted that with regard to myocarditis, or inflammation of the heart, “there’s a good chance that if your child takes the vaccine, they won’t be damaged, they won’t show clinical symptoms—[but] they may have subclinical damage.”

“But the question is, do you want to take that chance with your child? Because if you draw the short straw and your child was damaged, most of these things, if not all of them, are irreversible. There is no way to fix it,” he said.
“And I get these emails all the time: ‘Doctor, doctor, what can we do? This has happened.’ And that once it’s happened, there’s … you can’t go back you can’t put Humpty Dumpty back together again.”

He pointed to information compiled on his website, which includes a list of peer-reviewed studies related to COVID-19 vaccine adverse events in children, the main one being myocarditis. The website also includes a collection of adverse events reports as well as death reports in the pediatric community, submitted to the Vaccine Adverse Event Reporting System (VAERS).

“They’re there as links to the VAERS database, and if you click on them, you can see the actual VAERS report that was filed by a physician saying this is what happened,” Malone said. “And you can make your own decision about whether or not you think that that’s vaccine-related. So all of those data are there.”

A 5-year-old girl looks at her arm after getting a Pfizer COVID-19 vaccine in New York City on Nov. 8, 2021. (Michael M. Santiago/Getty Images)

One page on Malone’s website points to a paper published in the Toxicology Reports journal in which authors noted, using data from the U.S. Centers for Disease Control and Prevention (CDC), that normalized data on COVID-19 deaths per capita are “negligible in children,” while deaths after COVID-19 vaccination are “small, but not negligible, in children.”

“For children the chances of death from COVID-19 are negligible, but the chances of serious damage over their lifetime from the toxic inoculations are not negligible,” the authors wrote in the paper, titled “Why are we vaccinating children against COVID-19?”

Malone’s latest warning comes after he issued a prepared statement in mid-December 2021 aimed at parents, in which he said that with regard to mRNA-based COVID-19 vaccines, “a viral gene will be injected into your children’s cells” that “forces your child’s body to make toxic spike proteins.”

“These proteins often cause permanent damage in children’s critical organs, including their brain and nervous system, their heart and blood vessels, including blood clots, their reproductive system, and this vaccine can trigger fundamental changes to their immune system.”

Malone is strongly opposed to COVID-19 vaccine mandates for children. He is the chief science officer and regulatory officer for The Unity Project, a movement seeking to resist COVID-19 vaccine mandates for K–12 children.

“The Unity Project’s position is one based on the logic of informed consent versus forced vaccination—that mandates should not happen,” Malone told EpochTV.
“The state should not be forcing itself into the family. The decisions belong at the level of parents not at the level of the state or the school board. School boards and schools and teachers have no right to understand and seek out medical information about their students‚ that’s illegal. And yet, it’s being done all the time. And students are being bullied if they haven’t taken vaccine.”

Malone is also the president of the International Alliance of Physicians and Medical Scientists—a group of 16,000 professionals who have signed a declaration that says healthy children “shall not be subject to forced vaccination.”

“Mandates are illegal based on the Nuremberg Code, Helsinki Accord, the Belmont Report,” Malone said.
“These continued to be unlicensed products, they’re only available through emergency use authorization … These are not licensed products, and they’re being forced on your children, and they have risks. And the media, through its censorship, and Big Tech is blocking your ability to even learn what those risks are. So you can make an informed decision for your children yourself. That is a huge crime in my mind.”

Municipal workers hold placards and shout slogans as they march across Brooklyn Bridge during a protest against the COVID-19 vaccine mandate, in New York on Oct. 25, 2021. (Ed Jones/AFP via Getty Images)

Malone said that people can join a “Defeat the Mandates” rally and march in Washington, D.C., scheduled for Jan. 23, to unite against mandatory vaccinations.

Two mRNA-based COVID-19 vaccines are currently available in the United States under emergency use authorization (EUA)—one from Pfizer-BioNTech and the other from Moderna.

The Pfizer-BioNTech vaccine, marketed as Comirnaty, is the only one that has been approved by the U.S. Food and Drug Administration (FDA) for people 16 and older. The approval is only for Pfizer COVID-19 vaccine doses produced in the future, according to FDA documents, while the existing supply of COVID-19 vaccines under Pfizer-BioNTech in the United States continue to be administered under an updated EUA.

The FDA granted an EUA for Pfizer-BioNTech’s COVID-19 vaccine for those aged 12–15 in May 2021, and for children aged 5–11 in October 2021.

California in October 2021 became the first state to mandate COVID-19 vaccines for children, followed by Louisiana in December 2021. Both states said they will only enforce the mandate if the FDA fully authorizes the vaccines for children.

The Pfizer vaccine remains the only jab against COVID-19 available for people aged under 18 in the United States. The FDA in October 2021 delayed a decision on whether to grant Moderna an EUA for its COVID-19 for those aged 12 to 17, saying it needs more time to further review the vaccine’s risk for myocarditis in this population.

The Epoch Times has reached out to Pfizer-BioNTech and the FDA for comment.

END

This is something that the Democrats will not like: a Senate bill would force states to pair voter ID with vaccine passports

(zerohedge)

Senate Bill Would Force States To Pair Voter ID With Vaccine Passports

MONDAY, JAN 10, 2022 – 09:30 PM

As Democratic lawmakers push America towards vaccine passports to participate in society – they’re also pushing to weaken safeguards on voting, under the guise of ‘voting rights,’ a new Senate bill would force states to pair voter ID requirements with vaccine passports.Illustration: BuzzFeed News; Getty Images

The legislation is the idea of Republican Sen. Kevin Cramer of North Dakota who says if a state forces people to prove their vaccination status, they should also have to prove who they are when they go to vote.
Sen. Cramer says he wants to point out the hypocrisy in Democrats who support vaccine passports but oppose voter ID –Fox5

“It seems just logical that if I had to show Bill Deblasio something that’s personal and private just to have a steak dinner in New York City, the least he should do is require people to prove they are who they say they are before they take on the very important responsibility of voting,” says Cramer.

Virginia’s newly elected Attorney General Jason Miayes agrees with the idea.

“The standard should be easy to vote and hard to cheat,” he tells Fox5. “I think we all should have an interest in making sure that we trust our election system and voter ID is a very simple safe way to do that.”

Virginia Governor-elect Glenn Youngkin, meanwhile, says he’ll block vaccine passports altogether.

According to the report, Cramer acknowledges that trying to tie voter ID to vaccine passports will be difficult, but he hopes it will at least highlight the hypocrisy from the left.

END

House Republicans Release Damning Fauci Emails Suggesting Concealed Knowledge Of Lab Leak

TUESDAY, JAN 11, 2022 – 11:20 AM

Republicans on the House Oversight Committee have released several emails which suggest Dr. Anthony Fauci may have known that Covid-19 originated from a lab leak, and that it may have been “intentionally genetically manipulated.”

“We write to request a transcribed interview of Dr. Anthony Fauci, Director, U.S. National Institute of Allergy and Infectious Diseases (NIAID). Excerpts of emails we are making public today (see enclosed Appendix I) reveal that Dr. Fauci was warned of two things: (1) the potential that COVID-19 leaked from the Wuhan Institute Virology (WIV) and (2) the possibility that the virus was intentionally genetically manipulated. It is imperative we investigate if this information was conveyed to the rest of the government and whether this information would have changed the U.S. response to the pandemic,” reads the letter from Reps. James Comer and Jim Jordan to HHS Secretary Xavier Becerra.

The letter goes on to state that Fauci – despite claiming otherwise on multiple occasions – was in fact aware of the monetary relationship between NIAID, the NIH, EcoHealth Alliance and the Wuhan lab – by January 27, 2020. Fauci also knew that EcoHealth and NIAID worked together to craft a grant policy which would ‘sidestep the gain-of-function moratorium at the time.’

“This allowed EcoHealth to complete dangerous experiments on novel bat coronaviruses – and with little oversight – that would have otherwise been blocked by the moratorium,” the letter continues, adding that in January 2020, Fauci was also aware that EcoHealth was delinquent in submitting an annual progress report to NIAID, “presumably to hide a gain-of-function experiment conducted on infectious and potentially lethal bat coronaviruses.”

The conference call

The letter references a February 1, 2020 conference call between Fauci, NIH head Collins, and ‘at least eleven other scientists’ who convened to discuss Covid-19.

“It was on this conference call that Drs. Fauci and Collins were first warned that COVID-19 may have leaked from the WIV and, further, may have been intentionally genetically manipulated. Again, it is unclear if either Dr. Fauci or Dr. Collins ever passed these warnings along to other government officials or if they simply ignored them.”

Note from February 1, 2020 conference call

Three days after the call, four participants authored a paper entitled “The Proximal Origin of SARS-CoV-2,” of which Fauci and Collins were sent drafts. The authors, who had previously expressed concern over a lab-leak and genetic manipulation, suddenly abandoned that theory to insist the new virus had a natural origin.

Meanwhile, on April 16, 2020, Collins emailed Fauci to express dismay that the Nature Medicine article which they saw prior to publication (and were given the opportunity to edit), did not quash the lab leak hypothesis. Collins asked Fauci if the NIH could do more to “put down” the lab leak hypothesis. The next day, Fauci cited the paper from the White House podium “likely in an effort to further stifle the hypothesis that COVID-19 leaked from the WIV.”

Questions

The House GOP letter then asks a series of questions.

Rather than be transparent with the Committee, HHS and NIH continue to hide, obfuscate, and shield the truth. By continuing to refuse to cooperate with our request, your agencies are choosing to hide information that will help inform the origins of the ongoing pandemic, prevent future pandemics, respond to future pandemics, inform the United States’ current national security posture, and restore confidence in our public health experts. HHS and NIH’s continued obstruction is likely to cause irreparable harm to the credibility of these agencies. The emails released today raise significant questions, including but not limited to:

1. Did Drs. Fauci or Collins warn anyone at the White House about the potential COVID-19
originated in a lab and could be intentionally genetically manipulated?

2. If these concerns were not shared, why was the decision to keep them quiet made?

3. What new evidence, if any, came to light about COVID-19 between February 1, 2020 and February 4, 2020 to alter the belief it originated in a lab?

4. Did Drs. Fauci or Collins edit the Nature Medicine paper entitled “The Proximal Origin of SARS-CoV-2”?

5. Would having this knowledge earlier have benefitted either vaccine or treatment development?

6. By February 1, 2020, were Drs. Fauci or Collins aware of the State Department’s warnings about WIV safety?

7. Would this warning have changed the early response to the COVID-19 pandemic?

END

‘Urgent Reset Needed’: Democratic Insiders Come Forward To Admit Biden Admin Has ‘Gone Backwards’ On COVID Policy

TUESDAY, JAN 11, 2022 – 08:39 AM

Approximately half a dozen former health policymakers – including members of Biden’s transition team – have come forward to declare that the Biden administration’s Covid-19 policy has gone off the rails and needs an ‘urgent strategy reset.’

President Joe Biden is urging schools to stay open, but there’s a widespread Covid testing shortage.
He calls it the “pandemic of the unvaccinated,” but that’s only confused boosted Americans home sick with the omicron variant.
And the administration hasn’t changed its guidance to urge high-filtration masks despite calls from the medical community, while recent isolation guidance has only added to the uncertainty. –NBC News

Indeed, current policy now seems to be a shoot-from-the-hip combination of bad kneejerk policy based on early pandemic response and deadlier strains (primarily affecting the elderly and those with multiple comorbidities, as CDC Director Rochelle Walensky recently admitted) – and new policy which doubles down on vaccination against a new strain despite its far more mild presentation and vaccine evasion.

Meanwhile, the administration’s last desperate argument for getting vaccinated ‘to avoid serious illness or death’ has been very clearly rendered moot by Omicron.

And now this:

According to the former health policymakers, the Biden administration could ‘rapidly lose credibility with the public.’

“Biden was elected president, in large part, based on a message of ‘I’m competent, I’m capable, I will tell you the truth and I will get a handle on Covid in a way my predecessor could not and refused to do,” according to former Obama Health and Human Services secretary, Kathleen Sebelius.

“I do think it’s about competence and capability and telling the truth and using all of the tools that are at the president’s disposal,” she added.

You know it’s bad when this lady turns on Biden…

She told NBC News: “In terms of the communication and the trust in the CDC, it feels like we have gone backwards.“

Omicron fumble

Two years of conditioning people to avoid Covid like the plague has now resulted in mass disruptions throughout the entire global economy. So when the hyper-virulent Omicron strain seemingly appeared out of nowhere (*cough*) at just the right moment to beat back Delta, the response has been to hunker for dear life despite the Omicron experience being akin to a moderately bad cold for most people (and for others, they don’t even know they’ve had it).

the rapid spread of the variant has created a level of disruption in many Americans’ lives not seen since the early days of the pandemic. Staffing shortages have forced schools and businesses to close and have led to absences in police and fire departments with large numbers of sick first-responders. Airlines have canceled thousands of flights because of staffing shortages, transit systems have shut down bus and subway routes, and the surge in cases has once again crippled the cruise industry.
The demand for testing has overwhelmed the country’s capacity in places that are hardest hit, creating long lines and delaying results for days.
At-home tests are still in short supply, and the administration was widely criticized last month for what appeared to be confusing recommendations for those infected as cases soared. –NBC News

According to the health experts, the Biden admin recommends preparing Americans to simply accept Covid as part of life, while trying to keep people out of the hospital by promoting vaccinations (heaven forbid they tell people to lose weight and eat healthy).

“There’s agreement that the messaging has to be better and that it would be important to be simpler for people and more targeted towards what people need and action guided,” said Ezekiel Emanuel, a key member of Biden’s transition team and a former health policy adviser to the Obama administration (and the brother of Rahm Emanuel and the real life “Ari” from Entourage).

“I think we just need a clear message so people know what the ‘to do’ is.”

Incompetence

In yet another example of empty promises, Biden committed to sending 500 million free at-home Covid tests to Americans (and now he’s making insurance companies pay for it) – yet it will take months for them to be able to procure and distribute that many tests. On Monday, the administration announced that insurance companies and group health plans would be responsible for the cost beginning Jan. 15.

“There has to be an admission at the federal level [about] what is not going well now and frankly, we have a testing mess,” said Sebelius. “While I think the president stepped up in the beginning to purchase the test kits and get them to people, even mail them to people, we’re late to this game for a whole variety of reasons. The United States has not done well on testing since March of 2020. That’s a problem and I think it needs to be said out loud that it’s a problem because that’s what a lot of people are experiencing every day.”

On the political front, Biden could be better off acknowledging the virus is here to stay, despite his repeated promises as a candidate that he would “shut down the virus,” said Paul Maslin, a Democratic pollster. -NBC News

“Is Covid ever going to be the great success Biden or his people or any Democrats had hoped it would be? The answer’s no,” said Maslin. “He’s lost the opportunity of making it a great success.“
end

United Airlines have a huge staff problem(zerohedge)(

Turbulence Hits United Air As 3,000 Employees Infected With COVID

TUESDAY, JAN 11, 2022 – 10:24 AM

Airlines have canceled more than 20,000 flights since Christmas Eve as coronavirus outbreaks among workers disrupt schedules across the US.

United Airlines Holdings Inc. Chief Executive Officer Scott Kirby described in an internal memo to workers on Tuesday that the rapidly spreading omicron variant of COVID-19 has resulted in thousands of its workers calling out sick, forcing the airline to reduce its near-term flight schedule.

“In one day alone at Newark, nearly one-third of our workforce called out sick,” Kirby wrote. “To those who are out sick or isolating, we wish you a speedy recovery.”

He said approximately 3,000 of its workers are currently infected. That figure represents about 3.5% of its 85,000 employees.

A company spokeswoman told Bloomberg the airline would reduce its flight schedule in January and February “on an ongoing basis” to adapt to fluctuating staffing levels. There was no word from the airline on capacity numbers for the schedule reductions.

The move by the airline comes as staffing issues plague the entire airline industry. More than 20,000 flight cancellations have been recorded since Christmas Eve due to workers calling out sick and the weather. This stranded travelers across the country as crew failed to show up during the busiest travel season of the year.

Just last week, Alaska Air Group Inc. slashed flights by 10% in January as it struggled with staffing shortages.

Reduced flights and staffing shortages will make air travel a nightmare for passengers this winter season.

end

OBGYN Whistleblowers: Dr Northrup & Dr Thorp On The Devastating Impact Of The Experimental Shots

Inbox

Crazy, no wonder women care having problems.

iii) important USA economic stories for you tonight

end

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

Now New York port has been hit with a rare vessel congestion as C ovid induced labour shortages reign supreme

(zerohedge)

New York Port Hit With Rare Vessel Congestion Amid COVID-Induced Labor Shortage

MONDAY, JAN 10, 2022 – 07:30 PM

President Biden’s cunning plan to clear congestion from the nation’s top ports failed at the end of 2021 and continues to underwhelm in the new year.

New data from Bloomberg shows a rare bottleneck has materialized at the New York area’s port terminals, the busiest on the East Coast, due to labor shortage fueled by the COVID-19 pandemic.

“We have seen a spike in the number of labor going out into quarantine,” Port Authority Director Sam Ruda said. The average wait time for a container ship is about 4.75 days in the final week of 2021, compared with an average of 1.6 days for the entire year.

The developing backlog is a labor issue as port workers stay home due to the rapid spread of the Omicron virus.

Running at full capacity since the virus pandemic began in early 2020, the port handled 27% more cargo in November 2021 than it did in November 2019. So any disruption to labor has made it susceptible to a backlog.

“We’ve essentially had five years of cargo growth in the space of 18, 20 months or so,” he said.

Ruda said the number of vessels sitting off port was approximately 12 to 13 to start the new year and down to 9 this past Wednesday. By Friday, ships at anchor increased to 11.

“On an order of magnitude, it does seem quite small, but it does have our attention,” he said.

Meanwhile, at the twin ports of Los Angeles and Long Beach, California, on the West Coast, responsible for 40% of all shipping containers entering the U.S., congestion is at a record high of three weeks.

President Biden’s plan to alleviate port congestion is not working. Vessels are avoiding the mess on the West Coast and are opting for other less crowded ports. The shipping crisis continues to spread.

END

iv)swamp stories

Hidden Military Documents Reveal NIH Intent To Create SARS-CoV-2 Using Gain-Of-Function Research

TUESDAY, JAN 11, 2022 – 01:40 PM

Authored by Sundance via The Last Refuge,

Project Veritas has obtained military documents hidden on a classified system [HERE – and HERE – and HERE] showing how EcoHealth Alliance approached DARPA in March 2018, seeking funding to conduct gain of function research of bat borne coronaviruses.

The proposal, named Project Defuse, was rejected by DARPA over safety concerns and the notion that it violated the gain of function research moratorium. However, according to the documents, NIAID, under the direction of Dr. Fauci, went ahead with the research in Wuhan, China and at several sites across the U.S.

[ZH – and just today, Twitter banned Project Veritas’ Eric Spracklen…]

[WASHINGTON, D.C. – Jan. 10, 2022] Project Veritas has obtained startling never-before-seen documents regarding the origins of COVID-19, gain of function research, vaccines, potential treatments which have been suppressed, and the government’s effort to conceal all of this.
The documents in question stem from a report at the Defense Advanced Research Projects Agency, better known as DARPA, which were hidden in a top-secret shared drive.
DARPA is an agency under the U.S. Department of Defense in charge of facilitating research in technology with potential military applications.
Project Veritas has obtained a separate report to the Inspector General of the Department of Defense written by U.S. Marine Corp Major, Joseph Murphy, a former DARPA Fellow.
The report states that EcoHealth Alliance approached DARPA in March 2018, seeking funding to conduct gain of function research of bat borne coronaviruses. The proposal, named Project Defuse, was rejected by DARPA over safety concerns and the notion that it violates the basis gain of function research moratorium.
According to the documents, NIAID, under the direction of Dr. Fauci, went ahead with the research in Wuhan, China and at several sites across the U.S. (read more)

Here’s my answer to the question posed by James O’Keefe.

In the original pdf guidance for the 2014 research pause of into weaponization of SARS viruses there was an important footnote [LINK]:

[FN¹ SOURCE – U.S. Government Gain-of-Function Deliberative Process and Research Funding Pause on Selected Gain-of-Function Research Involving Influenza, MERS, and SARS Viruses – pdf, page 2 – October 17, 2014]

Timeline:

October 17, 2014 – U.S. funding of SARS to create a biological weapon was paused due to the extreme risk of a pandemic. However, the pause allowed agencies within the U.S. government to continue funding if they determined “the research is urgently necessary to protect the public health or national security.” [LINK]

2014 through 2020 the Pentagon continued funding research in Wuhan, China. Fear of discovery would explain why many top officials in the U.S. Defense Department were against the Trump administration [with increased severity after the COVID pandemic began]. [LINK]

May 2016 – [An Election Year] – “after thorough deliberation and extensive input from domestic and international stakeholders, the NSABB [National Science Advisory Board for Biosecurity] issued its recommendations. NSABB’s central finding was that studies that are expected to enhance Potential Pandemic Pathogen (PPP) have potential benefits to public health but also entail significant risks. NSABB recommended that such studies warranted additional scrutiny prior to being funded.” Anthony Fauci is on the NSABB.

January 9, 2017 – [Four Days after the Susan Rice Oval Office meeting with Obama, Biden, Comey, et al] – The Obama Administration re-authorizes funding for the creation of SARS biological weapons. “Adoption of these recommendations will satisfy the requirements for lifting the current moratorium on certain life sciences research that could enhance a pathogen’s virulence and/or transmissibility to produce a potential pandemic pathogen (an enhanced PPP).“ [LINK]

Given the workarounds, exceptions and plausible deniability for the consequences, built into the original moratorium guidance in 2014, the defense department was operationally permitted to keep funding the biological weapons research in Wuhan, China. The 2014 ban was a funding moratorium in name only; however, it appears the funding for U.S. research in North Carolina was stopped.

What was reauthorized in 2017, just before President Trump took office, was the need to use “national security” as an excuse to continue the research. It also appears funding of SARS as a biological weapon inside the U.S. (North Carolina) was now permitted again.

REFERENCES SO FAR: – 2017 – Policy Guidelines from Obama Administration – 2014 – pdf link of Research Funding Pause – National Science Advisory Board (Wiki) – Pentagon Funding for SARS research 2013 through 2020.

If you accept that the Pentagon would never spend to develop a biological weapon in China (Wuhan Lab) unless they already had developed that weapon on their own (North Carolina Lab), then the question about the release of that weapon starts to take shape.

Remember, the State Department was looking into the origin until Joe Biden shut them down and redirected the goal to the Intelligence Community. In essence, Biden handed the mission to the Fourth Branch of Government. Not surprisingly, after a few months the IC said their results were “inconclusive.”

[Excerpt] – […] In one State Department meeting, officials seeking to demand transparency from the Chinese government say they were explicitly told by colleagues not to explore the Wuhan Institute of Virology’s gain-of-function research, because it would bring unwelcome attention to U.S. government funding of it.

In an internal memo obtained by Vanity Fair, Thomas DiNanno, former acting assistant secretary of the State Department’s Bureau of Arms Control, Verification, and Compliance, wrote that staff from two bureaus, his own and the Bureau of International Security and Nonproliferation, “warned” leaders within his bureau “not to pursue an investigation into the origin of COVID-19” because it would “‘open a can of worms’ if it continued.”

[…] In late March, former Centers for Disease Control director Robert Redfield received death threats from fellow scientists after telling CNN that he believed COVID-19 had originated in a lab. “I was threatened and ostracized because I proposed another hypothesis,” Redfield told Vanity Fair. “I expected it from politicians. I didn’t expect it from science.” (read more)

Washington (CNN) – “President Joe Biden’s team shut down a closely-held State Department effort launched late in the Trump administration to prove the coronavirus originated in a Chinese lab over concerns about the quality of its work, according to three sources familiar with the decision.

The existence of the State Department inquiry and its termination this spring by the Biden administration — neither of which has been previously reported — comes to light amid renewed interest in whether the virus could have leaked out of a Wuhan lab with links to the Chinese military. The Biden administration is also facing scrutiny of its own efforts to determine if the Chinese government was responsible for the virus.

“On Wednesday, Biden issued a statement that he has directed the US intelligence community to redouble its efforts in investigating the origins of the Covid-19 pandemic and report back to him in 90 days.” (LINK)

[WASHINGTON DC] – The intelligence community failed to conclusively identify the origin of the coronavirus following a 90-day investigation ordered by President Biden, but experts are divided on why.

A report by the Office of the Director of National Intelligence (ODNI) found that officials were unable to rule whether the virus escaped from a lab or spread to humans through an infected animal. But the ultimate conclusion reached by the $85 billion-a-year community was that it would be unable to pinpoint the origin of the virus if China didn’t fully cooperate. (LINK)

Read the rest of the report here.

end

KING REPORT/SWAMP STORIES

4 mistakes the Powell Fed made
The first mistake, Dudley said, was how the Fed “operationalized” this framework. The central bank promised they would not lift the benchmark interest rate from zero until it saw 2% inflation for at least a few months and full employment was reached. “That means a starting point for monetary policy liftoff is when the economy’s already overheating,” Dudley said…
    The Fed’s second mistake was in misjudging the strength of the labor market, Dudley said…
    The third mistake the Fed made was to view inflation as “transitory,” he said…
    The final mistake was the Fed was too worried about spooking the bond market and causing another “taper tantrum,” Dudley said…
https://www.marketwatch.com/story/4-mistakes-the-powell-fed-made-from-a-former-insider-11641831898

Americans no longer fear COVID: Majority 68% say economy is now their biggest concern compared to just 37% who are most worried about virus heading towards the midterms https://t.co/j9SvADn64M

Dems, Biden, and the CDC know that Americans are losing the fear of Covid and are exhausted with Covid fear mongering. Ergo, it’s time to alter their strategies and the politics.

CDC Director Finally Admits Major Factor Behind People Dying from Wuhan Coronavirus
“The overwhelming number of deaths, over 75 percent, occurred in people who had at least four comorbidities. So really, these were people who were unwell to begin with,” Walensky told “Good Morning America” Friday…  https://townhall.com/tipsheet/katiepavlich/2022/01/10/cdc-director-finally-admits-major-factor-behind-people-dying-from-wuhan-coronavirus-n2601633

@ClayTravis: The CDC director just said over 75% of “covid deaths” occurred in people with at least four comorbidities. Since Biden can’t shut down covid, suddenly all this data is getting shared publicly.

Media, CDC Quietly Admit 3 COVID Truths After 2 Years of Lies. Did They Think We Wouldn’t Notice?  1. The ‘Vaccine’ Doesn’t Prevent Transmission… 2. COVID Disproportionately Affects the Vulnerable… 3. Deaths from and with COVID Aren’t the Same Thing…
https://thefederalist.com/2022/01/10/media-cdc-quietly-admit-3-covid-truths-after-2-years-of-lies-did-they-think-we-wouldnt-notice/

@NickFondacaro: CNN’s Jake Tapper rips into “misleading” COVID hospitalization numbers.
“We’re 2 years into this … if somebody’s in the hospital with a broken leg and they also have asymptomatic COVID, that should not be counted as hospitalized with covid, clearly.
https://twitter.com/NickFondacaro/status/1480649510653206531

Let us close out the week with this offering courtesy of Greg Hunter

U.S. meat production slows as Omicron hits staff, inspectors (More food inflation on the way!)
A sustained period of lower production could further increase high meat prices at a time of inflation fears… https://www.reuters.com/markets/commodities/us-meat-production-slows-omicron-hits-staff-inspectors-2022-01-10/

Apparently, the US has funded at least one more foreign lab that produces deadly viruses!

Kazakhstan denies military laboratory was seized by rioters after Russia claimed a possible pathogen leak occurred at controversial facility, as country’s health ministry says more than 160 have been killed during protests in the country

The US-funded laboratory was reported to have fallen into protestors’ hands
At the secretive bio-lab, the outbreak of potentially deadly diseases is studied

https://www.dailymail.co.uk/news/article-10384151/Kazakhstan-denies-funded-bio-lab-seized-protesters-deaths-rise-164-bloody-riots.html

Furious Rally Sends Nasdaq to Biggest Rebound Since March 2020 (When Nasdaq bubble burst)
https://www.bloomberg.com/news/articles/2022-01-10/bottom-fishers-save-nasdaq-from-five-day-rout-in-frantic-close

Q4 results commence this week. Usually there is a rally into earnings reporting season, and a reversal during the final major week of reports. DAL reports on Thursday; JPM, WFC, and C report on Friday.

Expected Economic Data: Dec NFIB Small Biz Optimism 98.5; Cleveland Fed Pres Mester 9:12 ET, KC Fed Pres George 9:30 ET, Senate Banking Committee Hearing on Powell Nomination 10:00 ET,
St. Louis Fed Pres Bullard 16:00 ET         ESHs are -0.50 at 20:30 ET in very quiet trading.

S&P 500 Index 50-day MA: 4676; 100-day MA: 4566; 150-day MA: 4492; 200-day MA: 4407
DJIA 50-day MA: 35,822; 100-day MA: 35,374; 150-day MA: 35,151; 200-day MA: 34,875

S&P 500 Index – Trender trading model and MACD for key time frames
Monthly: Trender and MACD are positive – a close below 4235.75 triggers a sell signal
Weekly: Trender is positive; MACD is negative – a close below 4512.32 triggers a sell signal
Daily: Trender is positive; MACD is negative – a close below 4663.06 triggers a sell signal
Hourly: Trender and MACD are negative – a close above 4686.53 triggers a buy signal

RFK Jr.: The Day Jake Tapper Sold His Soul to Pharma
In 1999, in response to exploding epidemics of autism and other neurological disorders, CDC decided to study its vast Vaccine Safety Datalink — the medical and vaccination record of millions of Americans, archived by the top HMOs — to learn whether the dramatic escalation of the vaccine schedule, beginning in 1989, was a culprit. CDC’s in-house epidemiologist… initial data run suggested that mercury-containing hepatitis B vaccines — administered during the first month of life — were associated with a wide range of neurological injuries, including a dramatic 1,135% rise in autism risks among vaccinated children…
    Verstraeten’s findings propelled CDC into DEFCON 1. The agency’s top vaccine officials summoned 52 pharmaceutical industry leaders, the foremost vaccinologists from academia and the American Academy of Pediatrics (AAP), and public health regulators from the National Institutes of Health, U.S. Food and Drug Administration (FDA), CDC, World Health Organization (WHO) and European Medicines Agency to a secret two-day meeting… to strategize about how to hide these awful revelations from the public… Over two days of intense discussion, these Big Pharma operatives and government technocrats persuaded each other to transform their disastrous error into villainy — by doubling down and hiding their mistake from the public…
    Tapper spent several weeks working on the story with me and a team of enthusiastic ABC reporters and technicians…The day before the piece was to air, an exasperated Tapper called me to say that ABC’s corporate officials ordered him to pull the story. The network’s pharmaceutical advertisers were threatening to cancel their advertising… This arrangement has transformed CNN’s The Lead with Jake Tapper into a propaganda vehicle for Pharma and effectively reduced Mr. Tapper to the role of a drug rep — shamelessly promoting fear porn, confusion, and germophobia, and ushering his audience toward high-yield patent p

(Greg Hunter)

I will see you on WEDNESDAY night/

end

Chris Powell	2:48 PM (15 minutes ago)
to me

Mark …	10:45 AM (3 minutes ago)

	12:43 PM (38 minutes ago)
to

DONATE

NUMBER OF NOTICES FILED TODAY FOR JAN. CONTRACT: 346 NOTICE(S) FOR 34600 OZ (1.076 TONNES)

total notices so far: 1521 contracts for 152100 oz (4,731 tonnes)

171 NOTICE(S) FILED TODAY FOR 855,000 OZ/

1/COMEX GOLD AND SILVER REPORT

3. ASIAN AFFAIRS

b) REPORT ON JAPAN

3 C CHINA

4/EUROPEAN AFFAIRS

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

6.Global Issues

7. OIL ISSUES

8 EMERGING MARKET ISSUES

Peter Schiff: The Fed Can’t Do What It’s Saying It Will Do

Ed Steer: Dollar index craters but gold and silver do nothing

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

Futures Rebound As Fed-Induced Rout Finally Eases

3 a./NORTH KOREA/ SOUTH KOREA

3c CHINA

China Dismisses Official Who Speaks Truth About COVID Lockdown

Goldman Slashes China GDP Forecast As CCP Locks Down 20 Million To Fight Omicron Wave

4/EUROPEAN AFFAIRS

UK Gov’t Advised Against 4th COVID Vaccine Dose

European LNG Imports Hit Two-Year High As US Flotilla Delivers Much-Needed Supplies

Austria Makes Skiers Wear Face Masks Outdoors In New COVID Crackdown

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

Icy Start To Russia-NATO Talks As US Calls Moscow’s Central Demand “A Non-Starter”

6.Global Issues

T Cells From Common Colds Cross-Protect Against Infection With COVID-19: Study

Saturday Night Fight… At The Pharmacy

Morgan Stanley Says US Omicron Wave Will Peak In 3 Weeks

After firing all unvaccinated doctors and nurses, Ontario orders hospitals and clinics to CANCEL non-urgent surgeries due to lack of staff

Certain dental procedures also now banned due to lack of staff caused by discrimination against the unvaccinated

Vaccine Impact

Ring, Ring, Ring, Ring, Ring, No Telephone

7. OIL ISSUES

8 EMERGING MARKET& AUSTRALIA ISSUES

Australian Police Tear-Gas Angry Crowd Of Djokovic Supporters

Djokovic Training Hard In Melbourne As Possibility Of Deportation Looms

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

Bitcoin, Bonds, Big-Tech, & Bullion Bid On Powell’s ‘Goldilocks’ Testimony

“Think Twice Before You Vaccinate Your Kids”, Dr. Robert Malone Warns Parents On COVID-19 Shots

Senate Bill Would Force States To Pair Voter ID With Vaccine Passports

House Republicans Release Damning Fauci Emails Suggesting Concealed Knowledge Of Lab Leak

‘Urgent Reset Needed’: Democratic Insiders Come Forward To Admit Biden Admin Has ‘Gone Backwards’ On COVID Policy

Turbulence Hits United Air As 3,000 Employees Infected With COVID

OBGYN Whistleblowers: Dr Northrup & Dr Thorp On The Devastating Impact Of The Experimental Shots

New York Port Hit With Rare Vessel Congestion Amid COVID-Induced Labor Shortage

Hidden Military Documents Reveal NIH Intent To Create SARS-CoV-2 Using Gain-Of-Function Research

Here’s my answer to the question posed by James O’Keefe.

Timeline:

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