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comex notices//JPMorgan notices filed COMEX//NOTICES FILED 12/1343

EXCHANGE: COMEX
CONTRACT: JANUARY 2022 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,843.100000000 USD
INTENT DATE: 01/19/2022 DELIVERY DATE: 01/21/2022
FIRM ORG FIRM NAME ISSUED STOPPED

118 H MACQUARIE FUT 300
624 H BOFA SECURITIES 297
661 C JP MORGAN 3

TOTAL: 300 300
MONTH TO DATE: 5,564

NUMBER OF NOTICES FILED TODAY FOR JAN. CONTRACT: 300 NOTICE(S) FOR 30000 OZ (0.9331 TONNES)

total notices so far: 5564 contracts for 556,400 oz (17.306 tonnes)

SILVER NOTICES:

301 NOTICE(S) FILED TODAY FOR 1,505,000 OZ/

total number of notices filed so far this month 2766 : for 12,830,000 oz

GLD

WITH GOLD UP $0.20

WITH RESPECT TO GLD WITHDRAWALS: (OVER THE PAST FEW MONTHS):A SMALL CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF .58 TONNES OF GOLD 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: 980.86 TONNES/

Silver//SLV

WITH NO SILVER AROUND AND SILVER UP 52 CENTS:/: A BIG CHANGE IN SILVER INVENTORY AT THE SLV//A DEPOSIT OF 1.988 MILLION OZ INTO THE SLV//

AT THE SLV//

INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV

CLOSING INVENTORY SLV/ TONIGHT: 527.792 MILLION OZ

Let us have a look at the data for today

SILVER//OUTLINE

SILVER COMEX OI ROSE BY A STRONG 2055 CONTRACTS TO 150,792 AND RESTS CLOSER TO THE NEW RECORD OF 244,710, SET FEB 25/2020 AND THIS GAIN IN OI WAS ACCOMPANIED WITH THE $0.71 GAIN IN SILVER PRICING AT THE COMEX ON WEDNESDAY. OUR BANKERS WERE UNSUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT ROSE BY $0.71) AND WERE UNSUCCESSFUL IN KNOCKING OUT SOME SILVER LONGS AS WE HAD AN ATMOSPHERIC GAIN OF 4,051 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 GIGANTIC ISSUANCE OF EXCHANGE FOR PHYSICALS iiii) A HUGE INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 10.505 MILLION OZ FOLLOWED BY TODAY’S 10,000 OZ E.F.P.. JUMP TO LONDON//NEW STANDING 14.335 MILLION OZ 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 -96

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 13 days, total contracts: : 10019 contracts or 50.095 million oz OR 3.853 MILLION OZ PER DAY. (770 CONTRACTS PER DAY)

TOTAL NO OF OZ UNDERGOING EFP TO LONDON 10,019 CONTRACTS X 5,000 PER CONTRACT:

EQUATES TO: 50.095 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 STRONG SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 2,055 WITH OUR 71 CENT GAIN SILVER PRICING AT THE COMEX// WEDNESDAY THE CME NOTIFIED US THAT WE HAD A HUGE SIZED EFP ISSUANCE OF 1990 CONTRACTS( 1990 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 10,000 E.F.P. JUMP TO LONDON //NEW STANDING 14.335, MILLION OZ// .. WE HAD ATMOSPHERIC SIZED GAIN OF 4051 OI CONTRACTS ON THE TWO EXCHANGES FOR 20.255 MILLION OZ//

WE HAD 301 NOTICES FILED TODAY FOR 1,505,000 OZ

GOLD//OUTLINE

IN GOLD, THE COMEX OPEN INTEREST ROSE BY A VERY STRONG 13,402 TO 552,606 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: -3454 CONTRACTS

THE VERY STRONG SIZED INCREASE IN COMEX OI CAME DESPITE OUR GAIN IN PRICE OF $29.40//COMEX GOLD TRADING/WEDNESDAY/.AS IN SILVER WE MUST HAVE HAD HUGE BANKER/ALGO SHORT COVERING ACCOMPANYING OUR STRONG SIZED EXCHANGE FOR PHYSICAL ISSUANCE. WE HAD ZERO LONG LIQUIDATION AS THE TOTAL GAIN ON OUR TWO EXCHANGES TOTALLED AN ATMOSPHERIC SIZED 22,322 CONTRACTS…

WE ALSO HAD A HUGE INITIAL STANDING IN GOLD TONNAGE FOR JAN AT 3.5614 TONNES FOLLOWED BY TODAY’S 0 OZ QUEUE. JUMP//NEW STANDING: 17.601 TONNES

YET ALL OF..THIS HAPPENED WITH OUR GAIN IN PRICE OF $29.40 WITH RESPECT TO WEDNESDAY’S TRADING

WE HAD AN ATMOSPHERIC SIZED GAIN OF 22,322 OI CONTRACTS (69.43 PAPER TONNES) ON OUR TWO EXCHANGES

E.F.P. ISSUANCE

THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALLED A GIGANTIC SIZED 8920 CONTRACTS:

FOR FEB 8920 ALL OTHER MONTHS ZERO//TOTAL: 8920

The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 556,060.

IN ESSENCE WE HAVE A HUMONGOUS SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 22,322, WITH 13,402 CONTRACTS INCREASED AT THE COMEX AND 8920 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN ON THE TWO EXCHANGES OF 22,322 CONTRACTS OR 69.43TONNES.

CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES

WE HAD A HUGE SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (8920) ACCOMPANYING THE GIGANTIC SIZED GAIN IN COMEX OI (13,402): TOTAL GAIN IN THE TWO EXCHANGES 22,322 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 ZERO OZ QUEUE. JUMP.//NEW STANDING 17.601 TONNES 3)ZERO LONG LIQUIDATION,4) VERY STRONG SIZED COMEX OI. GAIN 5) STRONG 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 : 50,406 CONTRACTS OR 5,040,600 oz OR 156.78 TONNES (13 TRADING DAY(S) AND THUS AVERAGING: 3877 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 13 TRADING DAY(S) IN TONNES: 156.78 TONNES

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

THUS EFP TRANSFERS REPRESENTS 156.78/3550 x 100% TONNES 4.41% 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 2055 CONTRACTS TO 150,792 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 1990 CONTRACTS

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

MAR 1900 ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 1900 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 2055 CONTRACTS AND ADD TO THE 1990 OI TRANSFERRED TO LONDON THROUGH EFP’S,

WE OBTAIN AN ATMOSPHERIC SIZED GAIN OF 4045 OPEN INTEREST CONTRACT FROM OUR TWO EXCHANGES.

THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES 20.225 MILLION OZ,

OCCURRED WITH OUR $0.71 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,

4. Chris Powell of GATA provides to us very important physical commentaries

5. Other gold commentaries

6. Commodity commentaries/cryptocurrencies

3. ASIAN AFFAIRS

i)THURSDAY MORNING// WEDNESDAY NIGHT

SHANGHAI CLOSED DOWN 3.12 PTS OR 0.09% //Hang Sang CLOSED UP 824.50 PTS OR 3.42% /The Nikkei closed UP 305.70 PTS OR 1.11% //Australia’s all ordinaires CLOSED UP 0.16% /Chinese yuan (ONSHORE) closed UP 6.3452 /Oil UP TO 86.61 dollars per barrel for WTI and UP TO 87.92 for Brent. Stocks in Europe OPENED ALL MIXED // ONSHORE YUAN CLOSED UP AGAINST THE DOLLAR AT 6.3452. OFFSHORE YUAN CLOSED UP ON THE DOLLAR AT 6.3491: /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 VERY STRONG SIZED 13,402 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 GAIN OF $29.40 IN GOLD PRICING WEDNESDAY’S COMEX TRADING. WE ALSO HAD A POWERFUL EFP (8920 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 STRONG SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS.,

THAT IS 8920 EFP CONTRACTS WERE ISSUED: ;: , DEC : 0 & FEB. 8920 & ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE: 8920 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: AN ATMOSPHERIC SIZED 22,322 TOTAL CONTRACTS IN THAT 8920 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE HAD A VERY STRONG SIZED COMEX OI GAIN OF 13,402 CONTRACTS..

// WE HAVE A STRONG AMOUNT OF GOLD TONNAGE STANDING FOR JAN (17.601),

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 $29.40)

AND THEY WERE UNSUCCESSFUL IN FLEECING ANY LONGS AS THE TOTAL GAIN ON THE TWO EXCHANGES REGISTERED A WHOPPING 80.174 TONNES, ACCOMPANYING OUR HUGE GOLD TONNAGE STANDING FOR JAN (14.93 TONNES)…

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

NET GAIN ON THE TWO EXCHANGES 25,776 CONTRACTS OR 2,577,600 OZ OR 80.174 TONNES

Estimated gold volume today: 295,922 /// fair

Confirmed volume yesterday: 416,378 contracts strong

INITIAL STANDINGS FOR JAN ’22 COMEX GOLD

JAN 20

Gold

Gold	Ounces
Withdrawals from Dealers* Inventory in oz*	nil oz
Withdrawals from Customer* Inventory in oz*	13,655.303 ozManfra
Deposit to the Dealer* Inventory in oz*	nilOZ
Deposits to the Customer* Inventory, in oz*	20,090.680 ozBRINKS
No of oz served (contracts) today	300 notice(s)30000 OZ0.9331 TONNES
No of oz to be served (notices)	95 contracts 9500 oz 0.2954 TONNES
Total monthly oz gold served (contracts) so far this month	5564 notices 556,400 OZ17.306 TONNES
Total accumulative withdrawals of gold from the Dealers* inventory this month*	NIL oz
Total accumulative withdrawal of gold from the Customer* inventory this month*	xxx oz

Gold

For today:

No dealer deposit 0

No dealer withdrawal 0

1 customer deposit

i) 20,090.680 OZ

total deposit: 20,090.680 oz

1 customer withdrawals

i) Out of Manfra: 13,655.303 0z

ADJUSTMENTS: 0

CALCULATIONS FOR THE AMOUNT OF GOLD STANDING FOR JANUARY.

For the front month of JANUARY we have an oi of 395 stand for JANUARY LOSING 1343 contracts. We had 1343 notices filed on WEDNESDAY, so we GAINED 0 contracts or an additional NIL oz will stand for

gold in this very non active delivery month of January.

FEBRUARY LOST 1833 CONTRACTS TO 184,136

March GAINED 90 contracts to stand at 2407..

We had 300 notice(s) filed today for 30,000 oz FOR THE JAN 2022 CONTRACT MONTH

Today, 0 notice(s) were issued from J.P.Morgan dealer account and 0 notices were issued from their client or customer account. The total of all issuance by all participants equates to 300 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 12 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 (5464) x 100 oz , to which we add the difference between the open interest for the front month of (JAN: 395 CONTRACTS ) minus the number of notices served upon today 300 x 100 oz per contract equals 565,900 OZ OR 17.601 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 (5564) x 100 oz+ (395) OI for the front month minus the number of notices served upon today (300} x 100 oz} which equals 565,900 oz standing OR 17.601 TONNES in this NON active delivery month of JAN.

We GAINED 0 contracts or an additional NIL oz of gold will stand for metal on this side of the pond.

TOTAL COMEX GOLD STANDING: 17.601 TONNES (HUGE FOR A JANUARY DELIVERY MONTH

IF THIS HOLDS TO THE END OF THE MONTH, THIS WILL BE THE HIGHEST EVER RECORDED GOLD STANDING FOR A JANUARY, GENERALLY A VERY POOR 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: 33,567,534,149 OZ (1044,09 TONNES)

TOTAL ELIGIBLE GOLD: 15,986,993,639 OZ (497.26 tonnes)

TOTAL OF ALL REGISTERED GOLD: 17,580,540.519 OZ (546.82 tonnes)

REGISTERED GOLD THAT CAN BE SERVED UPON: 15,927,523.0 OZ (REG GOLD- PLEDGED GOLD) 495.41 tonnes

END

JANUARY 2022 CONTRACT MONTH//SILVER

INITIAL STANDING FOR SILVER//JAN 20

Silver	Ounces
Withdrawals from Dealers* Inventory*	NIL oz
Withdrawals from Customer Inventory	1,403,724.989 oz BrinksDelawareJPMorganHSBC
Deposits to the Dealer* Inventory*	nilOZ
Deposits to the Customer Inventory	3,186,697.125 oz BrinksDelawareJPMorganManfra
No of oz served today (contracts)	301 CONTRACT(S)1,505,000 OZ)
No of oz to be served (notices)	101 contracts (505,000 oz)
Total monthly oz silver served (contracts)	2766 contracts 12,830,,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 have 4 withdrawals

ii) Into Delaware; 228,216.706 oz

iii) Into JPmorgan: 578,945.100 oz

iv) Into Manfra; 1,183,665.519 oz

JPMorgan has a total silver weight: 185.500 million oz/354.142 million =52.38% of comex

ii) Comex withdrawals: 3

a) Out of CNT 925,629.560 oz

b) Out of Delaware; 175,637.090 oz

c) Out of Brinks 101,248.170 oz

d) out of manfra 1183,665.519 oz

total withdrawal 3,186.697.125 oz

we had 1 adjustment

customer to dealer..manfra 1,463,243.149 oz

the silver comex is in stress!

TOTAL REGISTERED SILVER: 82.626 MILLION OZ

TOTAL REG + ELIG. 355.927 MILLION OZ

TOTAL NO OF CONTRACTS SERVED UPON THIS MONTH: 2347 CONTRACTS FOR 11,735,000 OZ

CALCULATION OF SILVER OZ STANDING FOR JANUARY

NUMBER OF NOTICES FILED TODAY: 301 NOTICES OR 1,505,000 OZ

silver open interest data:

FRONT MONTH OF JAN//2022 OI: 402 CONTRACTS LOSING 120 contracts on the day

We had 118 notices filed for WEDNESDAY so we LOST 2 contracts or 10,000 additional oz will NOT stand for delivery in this non active delivery month of January.

FOR FEB WE HAD A LOSS OF 14 CONTRACTS DOWN TO 656

FOR MARCH WE HAD A GAIN OF 1503 CONTRACTS UP TO 116,711 CONTRACTS.

TOTAL NUMBER OF NOTICES FILED FOR TODAY: 301 for 1,505,000 oz

Comex volumes: 69,975// est. volume today//fair

Comex volume: confirmed YESTERDAY: 79,573 contracts (strong)

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 2766 x 5,000 oz =. 12,830,000 oz

to which we add the difference between the open interest for the front month of JAN (x402) and the number of notices served upon today 301 x (5000 oz) equals the number of ounces standing.

Thus the standings for silver for the JAN./2021 contract month: 2766 (notices served so far) x 5000 oz + OI for front month of JAN (402) – number of notices served upon today (301) x 5000 oz of silver standing for the JAN contract month equates 14,335,000 oz. .

We LOST 2 contracts or an additional 10,000

oz will NOT 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 20/WITH GOLD UP $.20 TODAY: A SMALL CHANGE IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF .58 TONNES FROM THE GLD///INVENTORY RESTS AT 980.86 TONNES

JAN 19/WITH GOLD UP $29.65 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD//A DEPOSIT OF 5.27 TONNES INTO THE GLD/INVENTORY RESTS AT 981.44 TONNES

JAN 18/WITH GOLD DOWN $3.25//NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 976.21 TONNES

JAN 14/ WITH GOLD DOWN $5.25/NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 976.21 TONNES

JAN 13/WITH GOLD DOWN $5.75: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 976.21 TONNES

JAN 12/WITH GOLD UP $8.65//NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 976.21 TONNES

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: 980.86 TONNES

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

SLV.

JAN 20/WITH SILVER UP 52 CENTS TODAY: A BIG CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 1.998 MILLION OZ INTO THE SLV///INVENTORY RESTS AT 527.792 TONNES

JAN 19/WITH SILVER UP 71 CENTS TODAY: A BIG CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 1.942 MILLION OZ INTO THE SLV/INVENTORY RESTS AT 525.804 MILLION OZ

JAN 18/WITH SILVER UP 51 CENTS TODAY: TWO HUGE CHANGES IN SILVER INVENTORY AT THE SLV: 2 WITHDRAWALS OF 1.11 MILLION OZ AND 1.424 MILLION OZ FROM THE SLV////INVENTORY RESTS AT 527.246 MILLION OZ//

JAN 14/WITH SILVER DOWN 21 CENTS: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 529.780 MILLION OZ//

JAN 13/WITH SILVER DOWN 2 CENTS: A BIG CHANGE IN SILVER INVENTORY AT THE SLV:A WITHDRAWAL OF 832,000 OZ FROM THE SLV////INVENTORY RESTS AT 529.780 MILLION OZ

JAN 12/WITH SILVER UP 38 CENTS TODAY : NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 530.612 MILLION OZ//

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: 527.792 MILLION OZ

PHYSICAL GOLD/SILVER STORIES

1.PETER SCHIFF

Peter Schiff: The Fed Made This Bed And Now We Have To Lie In It

THURSDAY, JAN 20, 2022 – 06:30 AM

Via SchiffGold.com,

Inflation is running hot. Economic data is running cold. Stocks and bonds are under pressure. The Fed is scrambling. In his podcast, Peter Schiff talked about the trajectory of the economy. He said we’re on the cusp of the most obvious crisis that virtually nobody saw coming. The Federal Reserve made this bed. Now we have to lie in it.

Stocks and bonds are off to a rough start in 2022 with the expectation of rate hikes on the horizon. In fact, many analysts now think that the Fed could raise interest rates five times in 2022. And some also think the first hike in March could be 50 basis points.

Hedge fund manager Bill Ackman called a .5% rate hike “shock and awe.”

Peter called this “ridiculous.”

It’s not shock and awe. When you’re talking about 7% inflation, a move from zero to 50 basis points is still recklessly low interest rates. And for a Fed that’s actually serious about fighting inflation, raising interest rates to 50 basis points is not nearly enough for the task at hand.”

Even so, a .5% rate hike could have a profound impact and pop the bubble economy.

Given the incredible amount of leverage that’s in the system, a 50 basis point rate hike can still do a lot of damage. And I think Bill Ackman is underestimating the extent of the damage. But not just the damage from the initial hike, but from all the subsequent hike, which aren’t going to do any good about slowing down this inflation freight train.”

Peter noted the price of oil hit has continued its upward trajectory this week. The price of oil is at a seven-year high with plenty of room to keep running up. In 2021, a lot of producers ate their rising costs. But they may well begin passing on those costs in 2022, which would mean more big jumps in CPI.

There is going to be a lot more upward pressure on the CPI despite the Fed’s rate hikes, even if we get them, even if we get more than the market expects. It still won’t be enough to stop inflation from getting worse.”

Peter said it seems clear the bond market is slowly starting to grasp this reality. And when they really start to get it, the dollar is going to tank.

Interestingly, silver had a strong day on Tuesday, up almost 50 cents. Peter said this shows the underlying strength in the commodity complex due to all the inflation baked into the cake.

Gold faced headwinds with rising bond yields and was down about $5.

But at some point, investors are going to realize that surging nominal yields mean nothing to the gold market because real yields are not rising. The Fed is so far behind the curve. And even if real yields were rising, meaning that negative yields were becoming less negative, any negative yield is a positive for gold because you don’t want to lose money in bonds. Whether you’re losing 3% a year, or 5% a year, or 7% a year — all of that is bad. You want to avoid losses. And one way to avoid losses is by owning gold. And more people are going to recognize that gold is a much better alternative than negative yielding bonds.”

The Empire State Manufacturing Index came in at -0.7 versus an expectation of 25.7. This indicates contraction and is the kind of number you see during a recession. Peter said the Fed is starting its tightening campaign even as the economy is rolling over.

The economy is getting weaker and they haven’t even begun to raise rates yet.”

The economic numbers are getting weaker even as inflation continues to run hot.

It is stagflation. This is the perfect storm. The Fed has got itself in a box. There is no way out. And the fact that the Fed is in this no-win situation on inflation should not surprise anybody. This was the most obvious outcome that nobody wanted to acknowledge.”

The Fed says it can deal with inflation. But if the central bank uses the tools at its disposal to address the inflationary problem, it will bring down the bubble economy. Peter has been warning about this since the Fed first launched quantitative easing in the wake of the financial crisis.

The Fed has been operating looking in the rearview mirror for over a decade. What they do is they print all this money, keep interest rates artificially low, do QE, and then they look back at the CPI, or the core CPI, or the personal consumption expenditure index, whatever measure they like. And as long as that number is below 2%, they think the road ahead is clear, and they keep on printing money. They keep on stimulating, looking back over their should seeing where the inflation numbers are. And then, all of a sudden, they look forward, and they see 7% CPI in 2021. Of course, there was evidence that inflation was going to be bad early in 2021. But of course, they ignored all that. They kept saying, ‘Well, this can’t be. This is transitory.’”

Meanwhile, they just ignored all the money they were printing out of thin air.

Well, now, because they printed so much money because they were looking in the rearview mirror instead of looking ahead like I was doing from the beginning, now, all of a sudden, they’re in this situation. They’ve got 7% interest rates. They can’t slam on the brakes. So, now they’re trying to come up with some way to ease their foot off the gas. But that is impossible because that’s not going to slow down the inflation. So, the Fed made this bed and we all have to lie in it because they were too loose for too long, and they’ve let loose the mother of all inflation genies. And everything they’re talking about doing is inefficient to actually put a stop to it.”

* * *

Learn more about real interest rates and what they mean for the gold and silver market here.

END

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

LAWRIE WILLIAMS: Gold and silver surge. Reality or fantasy?

In the slightly altered words of pop group Queen: Is this the real thing? Is this just fantasy? Gold and silver at last seem to be making a strong positive move. It’s probably too early to tell – we‘ve been here before as recently as last November, but this time it just feels different. The rises could be shot down in the key North American markets and the real test may well be at what level gold and silver are allowed to close the week tomorrow. We suspect gold may be held back below $1,850 at the week’s close, but if not it could surge further in the weeks ahead

Gold equities too – which often lead – were also up sharply yesterday – an early year bonus for their investors. A further firming of precious metals prices, if sustained, should lead to a continuing rise in dividends from those which pay them, while a gold and silver price boost gives a strong fillip to the junior markets too.

The rises in precious metal prices – yes platinum and palladium were both up strongly too – were accompanied by more weakness globally in general equity markets which could also morph towards an investment move into perceived safe havens like gold in particular. Equities seem to be recovering today, but that could just be a temporary delayed contrary reaction to recent falls. Gold as a wealth protector has stood the tests of time as such.

Investors have been bombarded over the past months with opinions from respected economists and analysts, although countered by others, that stock market prices are at unjustifiably high levels and that a serious market crash is imminent. Those commentators who end up proving to be wrong will quietly forget publicly that they ever made such predictions, while those that are right will, no doubt, shout their perspicacity from the virtual rooftops. Such is what passes for financial predictions nowadays. I suppose it has always been thus, but social media now pushes such boasts, or reticence, to the forefront.

On this subject, we have not ourselves been silent in predicting gold price growth. We certainly have been proved wrong on occasion in calling a false dawn with precious metals seeing subsequent setbacks, although the overall trend in terms of year-on-year price averages has been positive. But again we could be wrong that it looks like this time around precious metals could be in for a period of ascendance. We thus persist with our theorising on the basis that as we see it, positive factors currently outweigh the negatives, at least for gold and silver.

However, it is important to recognise that the gold price in particular will likely be driven, up or down, by the myriad of data releases, and U.S. Federal Reserve Bank (Fed) statements that will be forthcoming over the weeks and months ahead. Even so, we stick to our guns in noting that whatever the Fed decides to do on interest rate rises, the ever-continuing scourge of high inflation will keep real interest rates in negative territory for the foreseeable future. And negative real rates always make gold a positive investment asset choice, particularly when general equities are showing signs of weakness as they have been of late.

Of course there are well respected naysayers who predict a completely different outcome. They have looked at gold’s past performance when the Fed has started to raise interest rates and are forecasting a sharp dip in prices once the Fed’s likely tightening programme begins to get under way, and will deteriorate further on each successive rate rise. But we think this time is different due to the aforementioned negative real interest rate situation.

On the most recent few occasions when gold has plunged on expectations of Fed interest rate rises, this was before worrying inflation levels kicked in. While real interest rates were extremely low they were not nearly as negative as they are likely to be even at current inflation levels. We think high negative real rates will predominate investment thinking and that gold price progress will be largely unaffected until real rates start trending back to zero, or move into positive territory. Until this happens, which may yet be some years ahead, gold will remain a more attractive asset – particularly if equities remain weak.

Of course the current seemingly out-of control Covid infection rates in the U.S. will also have an impact on Fed thinking and likely action. The latest strain of the virus is proving to be highly transmissible and infection worries and consequent restrictive state and national legislation may well slow down Fed moves on tightening. This would be gold positive if it happens. With daily infection rates in the U.S. approaching 1 million per day – a huge psychological level if this comes about – coupled with the fact that activity in the U.S. is the current principal gold price driver, we could well see another short term surge in gold and silver prices. The effects could be less positive, though, for pgms which are much more affected by rises and falls in industrial demand.

In summary, we do think that current precious metal prices will at least be maintained. Further, there would seem to be a good chance that they will continue upwards and perhaps, with the occasional stutter, gold will reach $1,900 by the mid-year point and perhaps touch $2,000 again before the year-end. Silver may well even exceed our $25.50 year- end target wit that price level achievable in the next couple of months if our overall expectations on the path of gold and silver end up being accurate.

20 Jan 2022

3.Chris Powell of GATA provides to us very important physical commentaries

A very important commentary today from Chris Powell:

(ChrisPowell)

Delightful speculation on the new gold price needed to back the U.S. dollar

Submitted by admin on Wed, 2022-01-19 15:29 Section: Daily Dispatches

3:35p ET Wednesday, January 19, 2022

Gold Newsletter editor Brien Lundin today calls attention to a new report by Myrmikan Capital’s Dan Oliver about the gold price that would be necessary for U.S. gold reserves to back the dollar at levels that once were traditional:

Lundin writes of Myrmikan Capital: “This group has published some amazing analyses in recent months and quickly become one of my favorite sources of macro insights, particularly in relation to the massive bubbles created by decades of the Fed’s ever-easing monetary policy.

“But a report they just issued yesterday — entitled ‘The Bubble Is Bursting and Gold Is Strong’ — exceeds anything I’ve seen from them before.”

You’ve probably come across speculations like this over the years. Our friend Jim Rickards has offered them authoritatively from time to time.

They usually assume a market price for gold, though GATA has shown that market prices for monetary metals long have been opposed by the most powerful governments:

https://www.gata.org/node/20925

Other analysts, including the three most often cited by GATA — the U.S. economists Paul Brodsky and Lee Quaintance and the Scottish economist Peter Millar — have speculated that the gold price would be driven up spectacularly not by ordinary markets but by central bank decrees aiming to devalue debts and currencies and to reliquefy central banks holding gold.

The Brodsky and Quaintance speculation is here:

https://www.gata.org/node/11373

The Millar speculation is here:

https://www.gata.org/node/4843

These speculations are delightful “visions of sugarplums” for investors in the monetary metals, and today’s sharp rise in their prices will boost hope that government’s derivatives-based scheme of monetary metals price suppression is failing at last.

But this speculation presumes that markets, governments, and central banks eventually will demand gold as backing for currencies, as they did many years ago, rather than choose other commodity (oil is looking pretty good lately) or maybe cryptocurrency. This speculation also presumes that when the derivatives scheme fails, governments will not seek to demolish the appeal of the monetary metals with outright confiscation, confiscatory taxes, or some other fascist mechanism.

How people and governments will react in changing situations is always a speculation in itself. The past may be a guide but nothing requires people and governments to act exactly as they did before.

The only certainty here may be that governments will always want not just to control the value of money but also to control what is considered money.

Oliver’s new analysis is posted in PDF format at the Myrmikan internet site here:

Click to access Myrmikan_Research_2022_01_18.pdf

Your secretary/treasurer believes that it is hard enough these days to discern what government is doing and so it is impossible to know what government will do, beyond its general objective of cheating people. So his recommendation remains what it always has been: Accumulate all the monetary metal you can, find a safe planet to keep it on, and, when you do, please call.

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

END

4.OTHER GOLD STORIES

END

5.OTHER COMMODITIES/

6.CRYPTOCURRENCIES

Bank Of Russia Calls For Ban On Crypto Mining And Trading

THURSDAY, JAN 20, 2022 – 09:21 AM

Like many governments, Russian financial regulators have had a complicated relationship with cryptocurrencies. Back in October, Russian leader Vladimir Putin praised cryptocurrencies as a possible tool to help dismantle the global dollar-based financial system.

That didn’t stop Russia from barring the use of cryptocurrencies for payment. And now the country’s financial regulators are pushing for a China-style ban on crypto mining, something that could disrupt the international network supporting popular cryptocurrencies like bitcoin and ethereum. In a report published Thursday, the Russian Central Bank called for a full ban on crypto. Its findings were presented during an online press conference led by Elizaveta Danilova, the director of the Bank of Russia’s Financial Stability Department.

The report claimed cryptocurrencies have become widely used in illegal activities like fraud (in the west, they have become closely associated with ransomware attacks like the one that shut down the Colonial Pipeline and JBS). Because of this, Russia needs new laws that would effectively ban any crypto-related activities in the country. This ban should apply to exchanges, over-the-counter trading and peer-to-peer trading, the report said.

The bank, therefore, suggest Russia needs new laws and regulations that effectively ban any crypto-related activities in the country. In particular, cryptocurrency issuance and organization of its circulation in Russia must be banned. The ban should apply to exchanges, over-the-counter trading desks and peer-to-peer platforms. Russian institutional investors should not be allowed to invest in crypto assets and no Russian financial organizations or infrastructure should be used fro cryptocurrency transactions. And the existing ban on crypto payments should be more aggressively enforced.Elizaveta Danilova

But the biggest issue highlighted in the report is mining, which has flourished across Russia in recent years. Presently, Russia is the third-largest player in bitcoin mining, behind only the US and former Soviet Republic Kazakhstan. But, as Reuters points out, miners in Kazakhstan have been looking for greener pastures ever since the start of the latest round of unrest. As of August 2021, Russian miners accounted for 11.2% of the bitcoin network’s hashrate.

The RCB report claimed the proliferation of mining operations across Russia had created problems for energy consumption. Because of this “the best solution is to introduce a ban on cryptocurrency mining in Russia.”

Not only did the report also characterize crypto as a sophisticated Ponzi scheme (where price growth is driven by attracting new investors in a pyramid-like fashion), it also claimed crypto is a threat to the “sovereignty” of Russia’s monetary policy, the report claimed.

Back in September, China intensified its crackdown on cryptocurrencies with a blanket ban on all crypto transactions and mining. The news briefly hit bitcoin and crypto prices.

Russia is also following in China’s footsteps in another important way: The Russian central bank is working on a “digital ruble”, a central bank-backed digital currency similar to the “e-RMB”.

Back in the US, some twitter users scoffed at Russia’s push to suppress crypto while using the core technology for its own purposes.

Others mocked the notion that such a crackdown could ever be successful (although the CCP has done a pretty good job over in China).

The report found that cryptocurrencies are volatile and used widely in illegal activities like fraud. Russia has already banned the use of cryptocurrency for payments

At one point, Russia’s parliament and central bank had half-heartedly embraced crypto.

Whether the government now follows through with this crackdown remains to be seen.

Interested parties can find the full report below (beware: it’s written in Russian):

Consultation Paper 20012022 by Joseph Adinolfi Jr. on Scribd

end

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

ONSHORE YUAN: CLOSED UP AT 6.3452

OFFSHORE YUAN: 6.3491

HANG SANG CLOSED UP 824.50 PTS OR 3.42%

2. Nikkei closed UP 305.70 PTS OR 1.11%

3. Europe stocks ALL MIXED

USA dollar INDEX DOWN TO 95.63/Euro FALLS TO 1.1338-

3b Japan 10 YR bond yield: RISES TO. +.145/ !!!!(Japan buying 100% of bond issuance)/Japanese yen vs usa cross now at 114.27/ 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:: 86.61 and Brent: 87.92-

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 FALLS TO -.0.028%/Italian 10 Yr bond yield FALLS to 1.31% /SPAIN 10 YR BOND YIELD RISES TO 0.67%…ITALIAN 10 YR BOND YIELD/GERMAN BUND: 1.34: DANGEROUS FOR THE ITALIAN BANKING SYSTEM

3j Greek 10 year bond yield RISES TO : 1.70

3k Gold at $1840.00 silver at: 24.16 7 am est) SILVER NEXT RESISTANCE LEVEL AT $30.00

3l USA vs Russian rouble; Russian rouble UP 50/100 in roubles/dollar AT 76.66

3m oil into the 86 dollar handle for WTI and 87 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 114.27 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 .9158– as the Swiss Franc is still rising against most currencies. Euro vs SF 1.0383 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: 1.833 DOWN 4 BASIS PTS

USA 30 YR BOND YIELD: 2.152 DOWN 3 BASIS PTS

USA DOLLAR VS TURKISH LIRA: 13.37

Futures Recover From Wednesday Rout As Yields, VIX Stabilize

THURSDAY, JAN 20, 2022 – 07:51 AM

Whereas the stock plunge on Tuesday could be blamed on surging rates, the repeat tumble on Wednesday took place as Treasury yields dropped sharply, so with markets at a loss how to read rate signals, so far this morning S&P e-mini futures have rebounded by 23 points ot 0.5% from yesterday’s low just above 4,500 – a key support level according to JPMorgan – as volatility eased and global bond yields appear to have stabilize for now, and hours after China’s latest easing measure when Beijing lowered mortgage lending benchmark rates on Thursday as monetary authorities step up efforts to prop up the slowing economy. 10Y Treasuries rose from session lows, last trading at 1.84%, European stocks fluctuated as the dollar index was little changed and crude oil slipped after a three-day rally as gold held around a two-month high.

China’s cut to the one-year and five-year loan prime rates (LPR) which lowered the one-year LPR by 10 basis points to 3.70% from 3.80% – the second consecutive monthly cut – and the five-year LPR by 5 basis points to 4.60% from 4.65%, its first cut since April 2020….

… followed surprise cuts by China’s central bank on Monday to its short- and medium-term lending rates, and came days after the central bank’s vice governor flagged more moves ahead. China’s central bank “should hurry up, make our operations forward-looking, move ahead of the market curve, and respond to the general concerns of the market in a timely manner,” People’s Bank of China Vice Governor Liu Guoqiang said on Tuesday, heightening market expectations for more stimulus.

So as China goes all-in on easing the economy again, western markets are enjoying some of the benefits from the stabilization and seeking a bottom in the recent rout which has pushed the Nasdaq to the worst annual start since 2008.

“There is a certain will to buy a dip in U.S. indices, yet the aggressive hawkish Federal Reserve pricing doesn’t allow the appetite to get restored,” said Ipek Ozkardeskaya, senior analyst at Swissquote. “Strong earnings are the only hope for the equity bulls in the short-run.” Investors awaited data including unemployment claims and Netflix earnings.

The dominant theme for markets remains prospective Fed rate hikes and the possible reduction of its holdings in Treasuries starting later in 2022. The withdrawal of outsized stimulus threatens to inject more volatility across a range of assets.

“The focus of the rates market is still very much on the Fed and the anticipated dual-pronged attack of interest rate rises and balance sheet reduction, all of which we would expect to keep uncertainty levels elevated and volatility bubbling along over the coming weeks/months,” Simon Ballard, chief economist at First Abu Dhabi Bank, wrote in a note.

In premarket trading, automakers and energy companies held declines as crude oil slipped from a seven-year high. Alcoa rose 2.3% after the aluminum producer predicted rising demand and warned that any conflict between Russia and Ukraine could deepen the existing supply constraints for the metal. Other notable premarket movers:

Ford (F US) drops 2.4% in premarket trading after Jefferies downgrades the automaker to hold from buy with limited scope seen for positive surprises.
Advanced Micro Devices (AMD US) and NXP Semiconductors (NXPI US) both cut to neutral from overweight at Piper Sandler in note, with downside risks seen for both stocks. AMD slips 1.3% in premarket, NXPI unchanged.
Casper Sleep (CSPR US) shares jump 12% in U.S. premarket trading, after the mattress retailer said that stockholders approved its merger with Durational.
Silvergate Capital (SI US) gains 0.8% in premarket following Goldman Sachs analyst William Nance’s upgrade to buy from neutral.
American Homes (AMH US) is down 4.9% in premarket after launching a stock sale via BofA, JPMorgan, Citi, Morgan Stanley.
KemPharm (KMPH US) gained 4.6% postmarket after the biopharma company said it’s decided to make KP1077, a treatment for idiopathic hypersomnia, its next lead development candidate.

Investors now await U.S. data including unemployment claims and Netflix earnings after the close. The reporting season so far has been a little bit rocky, and investors need to monitor commentary from companies about price and wage pressures, Rebecca Felton, RiverFront Investment Group senior market strategist, said on Bloomberg Television.

“We do believe stocks can continue to go higher even as the Fed changes policy,” she said, adding corporate profits will still likely beat estimates.

In Europe, gains in the travel and media industries outweighed declines for carmakers and energy companies pushing pulling the Stoxx 600 Index up 0.15% after dropping as much as 0.5%. French semiconductor company Soitec sank 16%, the most in almost two years, after the executive committee at the French semiconductor company released a letter criticizing the board for an “incomprehensible” choice of new chief executive. Alstom SA fell after sales missed estimates. Citigroup has asked London staff to come into the office at least three days a week after the U.K. government ended a work-from-home requirement, with Goldman also telling staff to return.

European Central Bank President Christine Lagarde said the ECB has “every reason” not to respond as forcefully as the Fed to soaring consumer prices. The central bank has come under pressure to act, but officials say an interest-rate increase is highly unlikely this year since the current bout of inflation is driven by supply shocks and a spike in energy costs.

Stocks in Asia climbed, ending a five-day slump, as sentiment was boosted by a decline in Treasury yields from recent highs and a cut in China’s lending rates. The MSCI Asia Pacific Index rose as much as 1.1%, driven by consumer-discretionary and communication-services shares. Hong Kong’s Hang Seng Index had its best day since July 2020, leading regional benchmarks, and China stocks rose after banks cut borrowing costs, a move set to benefit struggling property developers. The 10-year U.S. Treasury yield fell to 1.84%, as traders appeared calmer about the Federal Reserve’s next policy move. Prospects of faster-than-expected tightening hammered Asian equities this week, driving the MSCI Asia Pacific Index into negative territory for the year. “Equity adjustments to higher inflation are driven by higher input costs, interest rates, and higher selling prices,” DBS Bank Strategist Joanne Goh wrote in a note. “Consumer staples goods, which have lower pricing power, would be most affected by rising material costs.” Tencent and Alibaba were among the biggest contributors to the regional measure’s gain Thursday, as China’s internet regulator denied reports of drafting deals-related rules.

Japanese equities closed higher, after a volatile morning session following Wednesday’s selloff, as the market remained wary over Covid-19 infections and U.S. interest-rate hikes. Electronics makers and service providers were the biggest boosts to the Topix, which rose 1%. The benchmark swung between a gain of as much as 1.4% and loss of 0.6% Thursday. Fast Retailing and Sony were the largest contributors to a 1.1% rise in the Nikkei 225, which similarly fluctuated. “Speculation over U.S. rate hikes, inflation concerns spurred by rising oil prices and worry over corporate earnings are things weighing on sentiment,” said Takashi Ito, an equity market strategist at Nomura Securities. Still, “the drop in U.S. equities has softened, and the current situation isn’t likely to develop into any prolonged global stock rout.” Stocks rose in Hong Kong and China after Chinese lenders lowered borrowing costs for a second straight month. U.S. shares fell overnight, with the Nasdaq Composite entering a correction, as investors assessed outlooks for earnings growth amid the potential for monetary policy tightening.

Australian stocks also edged higher, with the S&P/ASX 200 index rising 0.1% to close at 7,342.40, recovering from an earlier loss of as much as 0.5% as miners surged. Northern Star was the top performer after it maintained its full-year gold production forecast and issued a 2Q update. Kelsian Group was the worst performer, falling for a third day. Investors also assessed jobs data. Australia’s unemployment rate tumbled to a 13-year low in December, potentially setting the stage for the Reserve Bank to scrap its bond-buying program and bring forward interest-rate increases. In New Zealand, the S&P/NZX 50 index fell 0.9% to 12,497.10, notching its lowest close since June.

In rates, Treasuries trade near day’s highs as U.S. trading begins after erasing Asia-session losses, with futures near top of Wednesday’s range. The Treasury curve bull-flattened and the U.S. notes outperformed German and U.K. benchmarks with yields richer by 2bp to 3bp across the curve, spreads within 1bp of Wednesday’s closing levels; 10-year yield near 1.84% outperforms bunds and gilts by 2bp and 1bp. Peripheral spreads tighten at the margin. Bank issuance expected to continue following Wednesday’s jumbo Goldman Sachs deal, which saw swap spreads tighten, adding support for Treasuries. Treasury sells $16b 10-year TIPS new issue at 1pm ET.

In FX, the Bloomberg Dollar Spot Index was little changed as most Group-of-10 peers consolidated while AUD topped the G-10 after Australia’s unemployment rate tumbled to a 13-year low. The Australian dollar touched its strongest level this week after the December jobless rate fell to a 13-year low, beating expectations. Short-end yields climbed amid bets on an early end to RBA’s bond buying. The euro traded in a narrow range around $1.1350; euro-dollar one-week implied volatility, which now captures the next Federal Reserve meeting, rises by as much as 118 basis points to touch 6.16%, the highest since Jan. 7; the relative premium rises above parity for the first time since mid-December and stands around 72 basis points as of 7am London. The pound edged higher against the dollar as Wednesday’s comments from Bank of England Governor Andrew Bailey failed to derail market positioning for monetary tightening and sterling resilience. Money markets are close to fully pricing a 25bps hike next month. Norway’s krone was little changed even as the central bank said it’s on track to raise borrowing costs in March, citing a continued upswing in the oil-rich economy and signaling less worry over the resurgent virus. The yen steadied after Wednesday’s advance as traders sought clarity on the direction of the greenback. Benchmark 10-year JGB yields were little changed.

In commodities, crude futures are in the red; March WTI off 0.5% near $85.30, Brent back below $88. Spot gold holds a narrow range close to the top of Wednesday’s sharp rally near $1,840/oz. Base metals trade well, lead by LME nickel.

Looking at the day ahead, data releases from the US include the weekly initial jobless claims, December’s existing home sales, and the Philadelphia Fed’s business outlook for January. Meanwhile in Europe, there’s Germany’s PPI for December and the final Euro Area CPI reading for December. From central banks, the ECB will be publishing the minutes from their December meeting. Finally, earnings releases include Netflix, Union Pacific and American Airlines Group.

Market Snapshot

S&P 500 futures up 0.4% to 4,540.75
STOXX Europe 600 down 0.2% to 480.02
MXAP up 1.1% to 193.34
MXAPJ up 1.2% to 636.48
Nikkei up 1.1% to 27,772.93
Topix up 1.0% to 1,938.53
Hang Seng Index up 3.4% to 24,952.35
Shanghai Composite little changed at 3,555.06
Sensex down 1.1% to 59,457.79
Australia S&P/ASX 200 up 0.1% to 7,342.39
Kospi up 0.7% to 2,862.68
Brent Futures down 0.8% to $87.76/bbl
Gold spot down 0.1% to $1,839.41
U.S. Dollar Index little changed at 95.52
German 10Y yield little changed at -0.02%
Euro little changed at $1.1349
Brent Futures down 0.7% to $87.80/bbl

Top Overnight News from Bloomberg

The European Central Bank has “every reason” not to respond as forcefully as the Federal Reserve to soaring consumer prices, according to President Christine Lagarde
Britain’s acute cost-of- living crunch will hit in April, instantly stretching household and company budgets and penalizing the poorest households, many of which have already been most impacted by Covid-19
President Joe Biden said he thinks Vladimir Putin doesn’t want a full- blown war but will “move in” on Ukraine after amassing 100,000 troops on its border, part of an extraordinarily blunt assessment of Russian intentions and the West’s likely response
A record-breaking rally in Chinese property bonds petered out on Thursday amid growing investor doubt over how much a reported plan to allow developers greater access to funds from presold homes will benefit distressed firms
Near-record food costs risk climbing further as surging oil prices boost the appeal of turning more agricultural commodities into biofuels
Turkey is set to pause its cycle of interest-rate cuts Thursday after a sliding currency and rising global energy prices pushed consumer inflation to its highest level since the beginning of President Recep Tayyip Erdogan’s rule

A more detailed look at global markets courtesy of Newsquawk

GEOPOLITICS

US President Biden said he thinks Russian President Putin does not want a full-blown war but thinks Putin will test the West. Furthermore, Biden added that Putin has never seen sanctions like the ones he has promised, while he added that Ukraine joining NATO in the new term is not likely. (Newswires)
US senior administration official said no option has been taken off the table in terms of sanctions on Russia and the US is prepared to look at sanctions on the largest financial institutions in Russia if there is a Ukraine invasion. Furthermore, the official stated that any move by Russian military to acquire land in Ukraine will merit a severe economic response and the White House also warned that if any Russian military move across the Ukrainian border, it will be met with a swift, severe and united response from US and its allies, while it added that any Russian aggression short of military action will be met with a decisive, reciprocal and united response. (Newswires)
Russia’s Kremlin notes there have been some positive signals on NATO’s willingness to discuss some security issues with Russia but they are not fundamentally important to Russia; doesn’t rule out a conversation between President Putin and US President Biden at some stage. (Newswires)
Chinese military said a US warship entered waters near the Paracel Islands without permission, while Chinese forces followed the US ship and warned it to leave. Furthermore, China’s military demanded that the US immediately stop such provocations or it will bear serious consequences of unforeseen events. (Newswires)
Russia, Iran, and China will hold joint naval drills on Friday, according to ISNA. (Newswires)
North Korea’s Politburo meeting on Wednesday which was presided over by leader Kim, called for reconsidering trust building measures due to US hostile policy and ordered to examine a restart of all temporarily suspended activities.

APAC TRADE

Asian equity markets eventually traded mostly higher but with price action choppy after US bourses waned.
ASX 200 (+0.1%) lacked firm direction.
Nikkei 225 (+1.1%) was choppy on FX fluctuations and positive domestic trade data.
Hang Seng (+3.4%) and Shanghai Comp. (U/C) benefited from PBoC LPR action in APAC hours.

Top Asian News

Asia Stocks Snap Rout as China Cuts Lending Rates, Yields Slip
Fintech Giant Kakao Pay’s Top Execs Quit After Investor Revolt
BHP Holders Set to Back Single Listing as Miner Mulls M&A
Bank Indonesia Sends First Hints of Policy Normalization

European Trade

Major bourses in Europe are softer, Euro Stoxx 50 -0.2%, in an indecisive morning as initial post-PBoC upside fizzled out with catalysts/drivers minimal.
US equity futures are firmer, ES +0.4%, picking back up from yesterday’s pressure with the NQ +0.7% outperforms amid a pull-back in yields
European sectors are mixed with Travel & Leisure modestly outperforming while Oil & Gas and Banking benchmarks lagging given crude and yield action respectively.

Top European News

Valneva Soars After Vaccine Update; Bryan Garnier Says Buy Stock
Turkey May Spend $3.8 Billion to Boost State Banks’ Capital
Unilever CEO Misses Out on Advil Just as He May Need It
Asia Stocks Snap Rout as China Cuts Lending Rates, Yields Slip

Dollar drifts alongside Treasury yields after solid 20 year auction and ahead of jobless claims, Philly Fed and existing home sales.
Aussie rules G10 roost as upbeat jobs data leads to more hawkish and aggressive RBA rate and QE expectations.
Pound retains post UK inflation momentum but wary about further political upheaval, Norwegian Crown slips as Norges Bank sticks to tightening in March script and USD/TRY moves lower on an unchanged CBRT decision which emphasises the aim of prioritising the TRY.
However, Yuan remains firm after PBoC sets near 4 year high CNY midpoint fix and trims Chinese LPRs.

Commodities

WTI and Brent front month futures are choppy intraday; WTI & Brent pivot USD 85.50/bbl and USD 88/bbl respectively.
Spot gold and silver trade horizontally, but retain the gains derived in yesterday’s session.
LME copper remains supported and is nearing USD 10k/t to the upside once more.
Kiruk-Ceyhan oil pipeline (150k BPD) has now returned to full capacity, according to Reuters citing a KRG source. (Newswires)

US Event Calendar

8:30am: Jan. Initial Jobless Claims, est. 225,000, prior 230,000; Continuing Claims, est. 1.56m, prior 1.56m
8:30am: Jan. Philadelphia Fed Business Outl, est. 19.0, prior 15.4
10am: Dec. Existing Home Sales MoM, est. -0.5%, prior 1.9%; Home Resales with Condos, est. 6.42m, prior 6.46m

DB’s Jim Reid concludes the overnight wrap

We’re having more operations in my family at the moment than a WWII army general. One of my twins is having two grommets inserted today and the other twin has to have the same procedure soon and I’m leaning towards fresh knee surgery in 10 days time. My wife is the only one holding us all together currently! Talking of which she has already left for the hospital (first time up earlier than me in 11 years of knowing her) and has just WhatsApp-ed to say that I need to put Maisie’s hair in a plait before I drop her and one of her brothers off at school given her absence. I didn’t have the guts to say that I’ve no idea how to do this, so I’ve just spent 5 minutes on YouTube looking into it. So apologies if the EMR is a bit later than it could have been but I had to find out how to plait at 5am.

Sentiment has weaved in and out of positive/negative territory like the most tangled of hairstyles over the last 24 hours but the US session was ultimately defined by the S&P 500 nose diving in the last 45 minutes of trading to end the day down -0.97%. The tech sector was amongst the biggest laggards again (-1.37%) and the bigger tech companies in the discretionary sector (-1.81%) encouraged bigger declines there. Financials (-1.65%) also declined on the back of a flattening yield curve, even if the narrative around financial earnings released yesterday painted a slightly more positive picture than earlier reporters. The S&P is now -5.50% below its peak reached to start the year, while the NASDAQ’s -1.15% decline brings it -10.69% below its all-time high and into correction territory. Tech stocks taking a hit from higher discount rates makes intuitive sense, and the last time the Nasdaq had a -10% correction was February 2021, when real 10yr rates had also sold off around 50bps. Next week we see a slew of tech earnings which have the ability to magnify or reverse the move. Netflix is up today.

Sovereign yields have proved much quieter over the last 24 hours. The treasury yield curve bull flattened, with 10yr yields down a modest -0.9bps to 1.86%, while 2yr yields increased +1.5bps. Policy expectations for this year were left unchanged, the market is still pricing in 4 Fed rate hikes this year, having priced in 1 full additional hike to start the year. Our US economists flag that the risk from here is for even tighter rate policy, see more here.

In Europe it was a very different story however, particularly in the UK where data showed yet another upside surprise on inflation. The latest numbers put CPI inflation at +5.4% in December (vs. +5.2% expected), which marked the fastest pace of inflation since 1992, having surpassed the more recent peaks in both 2008 and 2011. In response, investors moved to dial up the probability of further hikes from the Bank of England, and overnight index swaps are now fully pricing in a 25bp rate hike from the Bank of England at their meeting in 2 weeks’ time, which is in line with our UK economist’s call. As a result, gilt yields rose across the curve as well, with the 10yr yield up +3.9ps to 1.25%, the highest in almost 3 years.

This pattern of higher yields was echoed elsewhere in Europe, where there was a significant milestone reached as yields on 10yr bunds traded in positive territory during the European morning for the first time since May 2019. They did fall back throughout the day, but in closing +0.7bps higher at -0.02%, it still marked the nearest to positive territory that they’d closed since that time. Otherwise on the continent, yields on French OATs (+1.3bps) hit their highest level since April 2019, those on 10yr BTPs (+2.2bps) hit their highest level since June 2020, whilst equities outperformed the US as the STOXX 600 advanced +0.23%.

The main force driving the recent shift from central banks has been the continued persistence of inflation, and developments in commodity markets yesterday suggested there’d be little respite on that front anytime soon. Oil prices continued to advance higher, with Brent Crude up +1.06% to $88.44/bbl, and WTI up +1.79% to $86.96/bbl, which in both cases puts them at their highest levels since 2014, whilst WTI’s gains means that its YTD performance now stands just below +15% after less than 3 weeks of 2022 so far.

Asian markets are stronger overnight after a reduction in Chinese borrowing costs coupled with Japan’s double-digit export growth. The Shanghai Composite (+0.30%) and CSI (+1.11%) are both up after the PBOC cut its one-year loan prime rate (LPR) by 10bps to +3.7% to while the five-year LPR – which is a reference rate for mortgages, was cut by 5bps from +4.65% to +4.6%, the first time since April 2020, as part of the efforts to shore up the economy. Regulators also seem to be easing access to cash for property developers from pre-sold properties in a sign that the authorities want to limit the recent property sector woes.

Elsewhere, the Nikkei (+1.21%) is trading higher after exports in Japan increased for the 10th consecutive month, growing faster than expected (+17.5% y/y) in December (vs +15.9% market expectations) as supply bottlenecks continued to ease in the final quarter of 2021. Although it did follow a +20.5% rise in November. Separately, the Hang Seng (+2.33%) is edging higher, breaking a five-day losing run as China’s easing measures improved investor risk appetite. Meanwhile, the Kospi (+0.49%) is holding in better.

Following on from this, equity futures are indicating a positive start in the DM world with contracts on the S&P 500 (+0.43%) and DAX (+0.27%) pointing higher.

President Biden held his second press conference since taking office at around the US close last night. It came at a crucial juncture for his administration, as he tried to rally support for his social spending agenda, particularly among recalcitrant members of his own party. The presser covered a range of topics, domestic and foreign. The main takeaway was some capitulation on the build back better bill, which Biden admitted would likely need to be broken into smaller chunks to pass, and his hawkish tone on the recent tensions with Russia. He believes Russia will “move in” on Ukraine in some form or another.

Here in the UK there were plenty of political headlines yesterday as Prime Minister Johnson remained under significant pressure from his own MPs following revelations of parties taking place in Downing Street during the lockdowns. Notably, one Conservative MP in a marginal constituency actually defected to the Labour Party, which is the first direct MP defection from the Conservatives to Labour or vice versa in 15 years, and yesterday the Telegraph reported that 11 Conservative MPs had submitted a letter of no confidence in Johnson’s leadership that morning. We don’t know how many have been submitted in total given the letters remain confidential, but a total of 54 are required (or 15% of Conservative MPs) to trigger a formal vote among all Conservative MPs, in which a defeat would mark the end of Johnson’s leadership.

The political developments came as there were further moves to ease Covid restrictions by the government in England, who said that they were no longer asking people to work from home if able to. In addition, they said that from January 27, there’d no longer be a legal requirement to wear face coverings, and that the NHS Covid pass would only be voluntary. So a reversal of the “Plan B” restrictions that had been put in place at the end of last year, which is occurring as the number of Covid-19 hospitalisations in England fell to a 2-week low yesterday, and the number of patients in a mechanical ventilator bed fell to its lowest since July.

To the day ahead now, and data releases from the US include the weekly initial jobless claims, December’s existing home sales, and the Philadelphia Fed’s business outlook for January. Meanwhile in Europe, there’s Germany’s PPI for December and the final Euro Area CPI reading for December. From central banks, the ECB will be publishing the minutes from their December meeting. Finally, earnings releases include Netflix, Union Pacific and American Airlines Group.

3. ASIAN AFFAIRS

i)THURSDAY MORNING// WEDNESDAY NIGHT

3 a./NORTH KOREA/ SOUTH KOREA

///NORTH KOREA

3B JAPAN

end

3c CHINA

CHINA/

Chinese homebuilders soar in price as CCP regulators lift restrictions on companies access to cash

(zerohedge)

Chinese Homebuilders Soar As Beijing Prompts Prisoner’s Dilemma in Rescue Plan

WEDNESDAY, JAN 19, 2022 – 08:45 PM

Just as we predicted last week, bonds and stocks of China’s beleaguered homebuilders surged Wednesday on reports that regulators are considering lifting restrictions on the companies’ access to cash from pre-sold properties tied up in escrow accounts. If implemented successfully, it could ease developers’ cash crunch.

But, as Bloomberg Markets Live analyst Ye Xie writes, it won’t be all smooth sailing, and what needs to be addressed is the “prisoner’s dilemma” confronted by local governments. Those who were first to ease their grip on the local escrow accounts may face the risk that developers divert cash away and leave local projects unfinished. “Such concern may limit the incentives for local regulators to carry out the order from Beijing”, according to Xie.

Bloomberg reported that releasing funds from the escrow accounts is part of a policy package regulators are contemplating to prevent the real-estate crisis from worsening. Reuters first reported the news, spurring a rally in struggling developers. Dollar bonds of Sunac China jumped 50% Wednesday.

The discussion marks another step by Beijing toward stabilizing the housing market and keeping cash-strapped developers from failing. Meanwhile, as we noted yesterday, the PBOC’s dovish briefing Tuesday fueled speculation that mortgage rates could be lowered.

As Xie explains, in China, when real-estate companies sell residential properties before construction is completed, they’re required to deposit the proceeds in supervised bank accounts. Proceeds from pre-sales generally make up more than half of developers’ cash inflows. Relaxation, therefore, opens up a channel for developers to raise funds, just when they have a mountain of bills and debt to pay in coming months.

But Nomura’s economists Lu Ting, Jing Wang and Harrington Zhang are skeptical about how effective the new plan will be. The reason is simple: While the central government can provide the guidance, it’s the local governments that have the actual regulatory control over those escrow accounts. Developers’ financial challenges mean that local governments will be “quite cautious” about loosening their grip on the accounts.

“We believe local governments do not have an incentive to be the first to ease their grip on their local escrow accounts,” wrote Lu in a note. “This is because developers in need of cash will move funds out of the first batch of eased escrow accounts, and those local government officials will have to take responsibility for failed construction projects in their regions as a result.”

Last year, Lu attracted wide attention when he published a report drawing parallel between Beijing’s commitments to reining in the housing market and Paul Volcker’s epic but economically painful campaign to break the back of inflation in the U.S. in the 1970s. The report has so far been correct, and explained quite clearly why Beijing had no choice but to capitulate and ease to avoid an all out collapse of the housing sector.

end

4/EUROPEAN AFFAIRS

//GERMANY

Amazing! A lower court found BAFIN not liable for the Wirecard fraud. The reason that the fraud took so long to uncover was the fact that BAFIN was very aware of what was going on for years.

(zerohedge)

BaFin Found “Not Liable” For Wirecard Investors By Frankfurt District Court

THURSDAY, JAN 20, 2022 – 04:15 AM

A court has absolved German financial regulator BaFin from liability in the Wirecard fraud, according to a ruling this week by the Frankfurt District Court.

The court ruled that BaFin performed its duties “exclusively in the public interest, not in the interest of individual investors,” meaning they couldn’t be held liable by individual investors in Wirecard for their role in the company’s collapse, Bloomberg wrote in a Wednesday morning wrap up.

The company’s deep ties to Chancellor Angela Merkel’s ruling coalition are only just beginning to be explored, we wrote last year.

Recall, in early 2021, we noted that Olaf Scholz, Angela Merkel’s finance minister, sacked BaFin chief Felix Hufeld, the head of the financial watchdog, amid a torrent of criticism that Hufeld deliberately ignored warnings about fraud at Wirecard from myriad sources, choosing instead to angrily pursue both journalists and short-sellers (the agency sued two FT reporters while briefly prohibiting short-selling in the company’s shares).

The investigation into the FT reporters wasn’t brought to a close until two months after two months after Wirecard’s bankruptcy filing.

Wirecard shares collapsed in 2020 after KPMG published a special audit confirming that a $2BN hole had been blown by its balance sheet, as executives for the company – one of whom is believed to be an FSB spy – reportedly made up 2/3rds of Wirecard’s business. It has also been shown that much of the missing money had been looted by executives in the week or so before the KPMG report was published.

Media reports claimed that Hufeld had discussed with Scholz the possibility that Wirecard may have been the victim of an elaborate plot organized by nefarious short sellers. But in the end, Hufeld couldn’t substantiate any of it, and after a brief “conversation” with Scholz last year, the former BaFin had agreed to go quietly.

end

UK/COVID/VACCINE MANDATE

END

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

RUSSIA, UKRAINE/USA

Ukraine’s President Admits ‘Russian Invasion’ Fears Driven By “Big Hype”, Blames Media

THURSDAY, JAN 20, 2022 – 11:35 AM

Ukrainian President Volodymyr Zelensky is attempting to calm his population amid persisting and breathless international media reports that over 100,000 Russian troops are set for an “invasion” of Ukraine “at any point” – as the White House has been claiming.

He gave a speech Wednesday toward that end, bluntly calling the current Russia-Ukraine standoff driven by “hype” while urging calm among the Ukrainian citizenry. “The risks have not just existed for a day, and they have not become bigger. The only thing that has become bigger is the hype around them,” Zelensky said.AFP via Getty Images

US Secretary of State Antony Blinken had been in Kiev on Wednesday. It didn’t help that he had reiterated prior statements of Jen Psaki who claimed Russia was poised to launch an attack at “very short notice”.

Naturally this unleashed a degree of unnecessary panic, with suggestions that grocery store shelves were being emptied and a rush to withdraw cash from banks:

Addressing his compatriots in the speech, Zelenskyy said: “Now it is not our country that is being actively attacked, but your nerves, so that you have a constant feeling of panic.”
Ukrainians should refrain from hoarding and hastily withdrawing cash, the head of state advised.
The aim is rather to weaken Ukraine’s economy so that the Ukrainian “no” vote on certain issues also becomes weaker, Zelensky claimed in the video message and appealed: “To the media: Be methods of mass information and not mass hysteria.”

He expressly called out the media for fueling “mass hysteria” – saying further, “we still resort to panic, take everything off our bank accounts, sweep everything off store shelves, share fake news and boogeyman stories with our friends and acquaintances.”

“All our citizens, especially the elderly, need to understand this. Take a deep breath. Calm down. Don’t run for buckwheat and matches. To all the media – remain mass media, not sources of mass hysteria. In the pursuit of hype don’t help the enemy, reporting daily that war may start tomorrow! This will definitely not stop it,” Ukraine’s leader said.

So it seems Zelensky himself doesn’t actually believe that Putin has a “planned invasion” in the works, as the world has been told for the past couple months. However, Kiev is still looking to Washington to keep the pressure campaign going strong. On this note, Ukrainian officials were deeply disappointed and angered by Biden’s Wednesday Q&A press event, wherein he made a distinction between a potential “minor incursion” by Russian forces vs. an all-out “invasion”…

Zelensky responded Thursday by emphasizing “there are no minor incursions” – after Biden layed out that America’s response would be determined based on the scope of any Russian offensive, with the US president strongly suggesting he would likely stop at sanctions. Hawks took this as tantamount to Biden giving Putin a ‘green light’ to act as Russia pleases in restive Donbass.

As for his speech the day prior, Zelensky had sought to assure the public, “Know that everything is under control and everything is going according to plan.”

end

Biden Walks Back Ukraine Statements: Any Russian Offensive Marks An “Invasion”

THURSDAY, JAN 20, 2022 – 01:11 PM

During President Biden’s 2-hour solo press event, he was asked repeatedly about the administration’s posture on Ukraine and the growing fears of a Russian invasion threat. To the disappointment and anger of US hawks as well as Ukrainian government officials themselves, he made a distinction between a “minor incursion” and an all-out “invasion” – suggesting that only in the latter scenario might there be a robust response from the US.

CNN soon after the Q&A session focused on Biden’s distinguishing between an “incursion” vs. major invasion:

But he suggested a “minor incursion” would elicit a lesser response than a full-scale invasion of the country.
“I’m not so sure he is certain what he is going to do. My guess is he will move in. He has to do something,” Biden said, describing a leader searching for relevance in a post-Soviet world. “He is trying to find his place in the world between China and the west.”

Ukraine’s President Zelensky responded Thursday by emphasizing “there are no minor incursions” – after Biden layed out that America’s response would be determined based on the scope of any Russian offensive, with the US president strongly suggesting he would likely stop at imposing sanctions. Hawks took this as tantamount to Biden giving Putin a ‘green light’ to act as Russia pleases in restive Donbass. Many want Biden to instead threaten a full American military response.

All this has prompted Biden to do some walking back of the original statements. On Thursday he sought to clarify at the start of a press event that was supposed to focus on infrastructure. “I’ve been absolutely clear with President Putin. He has no misunderstanding. If any assembled Russian units move across the Ukrainian border, that is an invasion,” Biden said.

“Let there be no doubt at all that if Putin makes this choice, Russia will pay a heavy price,” Biden continued. He noted this could also come in the form of a Russian cyber-attack or other form of irregular warfare. The day prior Biden stated provocatively that Putin “has never seen sanctions like the ones I have promised will be imposed if Russia further advances into Ukraine.”

He concluded the Ukraine portion of his Thursday remarks by saying, “The Ukrainian foreign minister said this morning that he’s confident of our support and resolve and he has a right to be.”

Importantly, on Friday US Secretary of State Antony Blinken is set to meet with his Russian counterpart FM Sergey Lavrov in Geneva, where they will attempt to reach some level of understanding on a path forward on dialogue focusing on deescalating the situation.

end

ISRAEL/UAE

end

6// GLOBAL COVID ISSUES/VACCINE MANDATE ISSUES/

CORONAVIRUS/UPDATE/VACCINE MANDATE

CANADA

Supermarkets Report Food Shortages After Canada Imposes Trucker Vax Mandate

WEDNESDAY, JAN 19, 2022 – 09:05 PM

Overwhelmed supply chains and truck driver shortages worsened when Canada imposed new border mandates prohibiting unvaccinated American truckers. With low vaccination rates among US drivers, Canadian supermarkets are already reporting rising food inflation and shortages of certain products, according to Bloomberg.

Canada’s vaccine mandate for truckers came into effect on Saturday. The new rule requires US truckers to be vaccinated to cross the border. We warned earlier this week such a mandate would have “consequences.”

The vaccine mandate has exacerbated the shortage of truck drivers and made wait times at border crossings even longer. Eighty percent of trade between the US and Canada is transited by truck. America exports about 90% of Canada’s fruits and vegetables during the winter season. As shipments decline because only about half of US truck drivers are vaccinated, grocery stores report shortages.

“We’re seeing shortages,” said Gary Sands, senior vice president of the Canadian Federation of Independent Grocers. “We’re hearing from members they’re going into some stores where there’s no oranges or bananas.'”

The main concern is the mandate could create a domino effect and ripple through the already stressed supply chain. Logistical disruptions have been a significant source of soaring inflation. According to North American Produce Buyers, the cost of sending a truckload of fresh produce from Southern California to Canada is now $9,500, up from $7,000. That means companies are paying more for freight and will pass on costs to consumers.

Given the drop in eligible truckers, products bound for Canada will build in US warehouses with no place to go until new drivers are seen.

The situation will only worsen on Jan. 22 when the US begins imposing its vaccine mandate on Canadian truckers. The Canadian Trucking Association warned the mandate would sideline up to 16,000 truckers.

Canadian truck drivers are furious with the US decision and have blocked the highway near the US-Manitoba international border to protest the new mandates. Videos posted on social media show the chaos playing out on the other side of the border.

Cross-border vaccine mandates will only make the supply chain more stressed to the point where it might break.

end

GLOBAL RESEARCH….

(Dr Mark Trozzi)

Pfizer Trials: All Injected Mothers Lost Their Unborn Babies

Pfizer trial documents reveal attempts to cover up the death of 100% of unborn babies in outcomes actually reported

By Dr. Mark TrozziGlobal Research, January 19, 2022Dr. TrozziTheme: Science and Medicine

All Global Research articles can be read in 51 languages by activating the “Translate Website” drop down menu on the top banner of our home page (Desktop version).

To receive Global Research’s Daily Newsletter (selected articles), click here.

Visit and follow us on Instagram at @globalresearch_crg.

***

Please recall our November 23, 2021 post titled “The FDA and Pfizer are a Match Made in Hell”.

There we described how the FDA took only 108 days to approve Pfizer’s injection, but wanted 55 years to produce the documents!

Thankfully Public Health and Medical Professionals for Transparency filed a lawsuit after the FDA denied their request to expedite the release of the records, and the records are being released, albeit still too slowly.

Among the first reports handed over by Pfizer was a ‘Cumulative Analysis of Post-authorization Adverse Event Reports’ describing events reported to Pfizer up until February 2021. You can download this entire report here.

Look at table 6 from this Pfizer report. It is titled “Missing Information”. Its first heading under the topic “Missing Information” is “Use in pregnancy and lactation”. It includes this paragraph:

“Pregnancy outcomes for the 270 pregnancies were reported as spontaneous abortion (23), outcome pending (5), premature birth with neonatal death, spontaneous abortion with intrauterine death (2 each), spontaneous abortion with neonatal death, and normal outcome (1 each). No outcome was provided for 238 pregnancies (note that 2 different outcomes were reported for each twin, and both were counted).”

On the surface this states that of 270 pregnancies, there were 23 spontaneous abortions, 5 “outcomes pending”, 2 premature birth with neonatal death, 2 spontaneous abortions with intrauterine death, 1 spontaneous abortion with neonatal death, and 1 normal outcome. But note also “no outcome was provided for 238 pregnancies”.

So really we have no idea what happened with 243 (5 + 238) of the pregnancies of these injected women; they have just not been included in the report. What we do know is that of 27 reported pregnancies (270 subtract 243), there are 28 dead babies! This appears to mean that someone was pregnant with twins and that 100% of the unborn babies died.

Here is an excellent article by LifeSite News which goes into greater depth about these shocking revelations. LifeSite News cuts Pfizer some slack on the 5 “outcomes pending” which creates the possible impression that 87.5% of the babies of the injected women died. With all respect to LifeSite, I feel correct in not counting the 5 “outcomes pending” and hence arrive at the conclusion that 100% of the unborn babies died in the injected women for whom results are presented.

The LifeSite News article also reveals deceptive number games in another article titled “Safety and Efficacy of the BNT162b2 mRNA Covid-19 Vaccine”, which was published in the New England Journal of Medicine on December 31, 2020. These deceptive practices attempted to cover up the fact that in first trimester pregnancies, the Pfizer injection produced 82% miscarriages.

On January 12th we shared the excellent analysis by the Canadian Covid Care Alliance of this same “Safety and Efficacy” article from the New England Journal of Medicine. This Pfizer-friendly study is a complete sham; it is replete with misrepresentation and deceptive methods. The deception and truth is revealed in detail in this video and article by the CCCA.

Dr Trozzi’s brief and Dr Nagase’s excellent interview discussing this sham article is here.

They’re killing babies; what can we do?

These injections are criminal; period. Help us serve the Cease and Desist Declaration of the World Council for Health, to any and all governments, clinics, hospitals, medical regulatory bodies, doctors, nurses, politicians, or anyone participating in any way in the manufacture, shipping, distribution, promotion, or administration of these injections. The message to anyone involved in these injection campaigns is “Stop now. This is a crime. You will be criminally and civilly responsible. The cat is out of the bag. Justice is coming.”

The Declaration can also be found here along with information and instructions for serving it.

Please keep photos and notes of to whom, when and where the declaration and notice is served. We are finalizing more resources on the World Council for Health web site to upload these photos and details. These resources will be fine tuned and found here very soon.

There are at least five million Canadians, and billions of global citizens who have resisted the injections. We, as well as many coerced injection victims who are waking up with buyer’s remorse, must be the army that stops this, and return human rights and real health care to our society.

Do not submit; unite!

Note to readers: Please click the share buttons above or below. Follow us on Instagram, @crg_globalresearch. Forward this article to your email lists. Crosspost on your blog site, internet forums. etc.

GLOBAL NEWS

special thanks to Doug C for providing this for us;

5G impact on Airline travel

Inbox

this report finance by the Pilots Union
now they are DESTROYING all airline travel by 5G signalsinterrupting vital airplane functions people and cargo
THERE WILL BE CRASHES
I will never get on a plane again

https://www.rtca.org/wp-content/uploads/2020/10/SC-239-5G-Interference-Assessment-Report_274-20-PMC-2073_accepted_changes.pdfend

END

VACCINE IMPACT

Vaccine Impact

Fauci’s Arch-Nemesis, Dr. Robert Malone, Posts Irrefutable PROOF Of Effectiveness Of Ivermectin – enVolve

Inbox

To accept this one must conclude that public safety went out the window in favor of the shots distributed

Fauci’s Arch-Nemesis, Dr. Robert Malone, Posts Irrefutable PROOF Of Effectiveness Of Ivermectin

end

Blood thinner could be used to treat and stop transmission of COVID-19

Inbox

What? Alternatives are now being reported as the narrative falls apart.
Those people who could secured ivermectin just in case and resisted.
This whole thing will fall apart within 2 months. There are too many reports of people having complications from the shots. Whether at a personal level or doctor level.
This is why both Politicians and certain media in Europe are getting off the vaccine narrative while they can to offset the wrath of the public at the voting booths. In Europe the protests are growing even though they are not being reported.

https://www.smh.com.au/politics/federal/blood-thinner-could-be-used-to-treat-and-stop-transmission-of-covid-19-20220119-p59pfa.html

Cheers
Robert
end

Michael Every on the major topics of the day

Michael Every..

All The President’s Meh

THURSDAY, JAN 20, 2022 – 08:23 AM

By Michael Every of Rabobank

US President Biden just gave a press conference to mark the end of his first year in office. Despite a long line of opinion polls all showing extremely low favourable/unfavourable ratings that, unlike former President Trump, even cover the base that voted for him in 2020, Biden gave himself high marks for the last 12 months, stating “I didn’t overpromise. I have probably outperformed.”

That does not seem a particularly objective assessment of 2021, which most neutral US political writers –all three of them– would probably summarize as “All The President’s Meh”. Of course, the real test will be how the Democrats perform in 2022, as some pundits talk about a ‘once in a century’ shift to the Republicans. (Who, it must be stressed, are basically doing nothing in Congress, while presumed presidential candidate Trump is riffing on the same old November 2020 memes.) Indeed, with suggestions Democrats will primary Senators Manchin and Sinema over their refusal to remove the filibuster, might another two senate seats get dragged into the mix?

For markets, the key takeaway on the fiscal front was that Build Back Better won’t pass in its current form, but the president suggested parts of it could move separately – which is arguably a more effective political strategy – albeit against what looks like a ticking electoral clock, and as a fiscal cliff looms too. Regarding the Fed, the president underlined it was appropriate they “recalibrate”, but there wasn’t much talk about supply-side/chain inflation as stores start to see bare shelves.

To be fair, nobody is talking about supply chains, except in platitudes. (“Things will resolve themselves in H2, etc.”) As I have said before, market economists and politicians are like interior designers planning new bathroom layouts to zhuzh up an old house while having no idea of how plumbing works. Smelly things ‘just disappear’ and lovely perfumed things ‘appear’ – until their zhuzhing blocks the drains and toilet, which is where we are now.

The far more significant points raised by President Biden, however, were arguably over Russia-Ukraine. This did not even get an initial headline from Bloomberg – but, trust me, many headlines are likely to follow if one follows what was and wasn’t said, including that:

“My guess is he will move in. He has to do something,” for those thinking this was all a bluff.
Russia has “overwhelming military superiority,” for those thinking the Ukrainian army might put up a fight with the aid being delivered by the UK (not Germany; and as bureaucracy slows up the Baltic states’ request to ship some of their stock of US arms to Kyiv).
NATO is not yet aligned in terms of its response to a Russian invasion.
There won’t be a military response. US Secretary of State Blinken yesterday warned Ukraine of difficult days ahead, but that it “stands with them”. He didn’t add “Just much further away.”
If Russia invades, its banks will not be allowed to use US dollars – so SWIFT sanctions. However, such enormous “short-term market destabilisation” is reportedly not agreed to by the EU. Could Russian energy, food, and metals be exempt, or EU-Russia trade switch to EUR, and China-Russia trade to CNY? Again, hardly the stick it seems without full global agreement.
“It’s one thing if it’s a minor incursion and we end up fighting about what to do and not do. If they actually do what they’re capable of doing…it’s going to be a disaster for Russia.” President Biden has infamously misspoken before: he immediately clarified he was talking about the difference between a cyberattack or grey-zone attack and a military move.

Such poor communication from central banks rightly roils markets: from presidents talking about war and SWIFT, this should be even more the case – if only the financial press could understand the gravity of what is implied. Or just pay attention to it. Indeed, in a much sharper comment Biden added if Russia invades Ukraine, it will be “the most consequential thing that has happened in the world, in terms of war and peace, since WW2.” (Unless he really did mean they can invade parts of it, and the West just argues for a few weeks then moves on, which some in Ukraine are apparently interpreting Biden to have meant, despite White House press office denials.) Might that warrant a financial press headline over talk of a Fed need to “recalibrate”? Bloomberg was *still* running with “CHOPPY: Stocks Drop; Selloff Puts Nasdaq into Correction” at time of writing.

Crucially, ominous threats without equally-ominous deterrence, and flubs and/or potential nudge-nudge-wink-winks, must be seen from the eyes of Putin when coming from an administration that: started super-tough on China, but shifted to trying to rebuild bridges when things got heated; pressurizes allies like Saudi Arabia while looking the other way on Iran, even as the UAE is attacked by Houthi drones; withdrew from Afghanistan in a humiliating manner; and is ignoring North Korea, which today stated it will restart nuclear and ICBM tests to develop the power “to fight the US”. As seasoned China-watcher Bill Bishop just tweeted: ‘Is there a “Minsky Moment” concept for geopolitics? Feels like much of DC in deep denial.’

In short, there are many things for the US hegemon to deal with and, relatively, too few resources, as Foreign Policy magazine underlines in ‘The Overstretched Superpower’. Worse, trying to ignore one threat to focus on the major one (which the US sees as China) merely exacerbates the first problem. As we argued in ‘The World in 2030: Fragments of the Imagination’, this is ultimately likely to prompt a set of US –and allied– policy responses that the Davos crowd won’t like, and which will roil markets in ways we have had hints of recently: supply-chains shortages/inflation; the swings in short-end bond yields; the collapse of some Chinese assets under Common Prosperity; and the Turkish currency.

Meanwhile, the UK yesterday saw “All the Prime Minister’s Meh”, as under-fire BYO faced a very feisty PMQs, his usual combination of waffle and piffle being pitted against digs about The Conservative Party; a rare defection from them to Labour (prompting left-wingers to complain the new guy was too right-wing for them, showing neither party has a stable coalition behind it); and an ex-minister more or less saying “Let’s Go Boris”. However, it seems that for now the “Pork Pie Plot” to force a leadership challenge is not fully-baked. This still leaves GDP looking at politics too.

Australia, in pre-election mode, is wrapped up in “All the Prime Minister’s and the Opposition’s Meh”. And the RBA’s given today’s jobs number, where another 64.8K were added, 41.5K full-time, and the unemployment rate fell to 4.2% from 4.5%, while labor force participation is not far off pre-pandemic levels.

In China, property developers will now be allowed to tap into escrow accounts holding deposits from home buyers. That frees up liquidity, but raises risks for consumers if the firms then fail, implying bailouts, which is probably where a lot of the pick-up in credit growth will be going, rather than new growth: and this all just ends up on the central-bank balance sheet at the end of the day. So does all the new debt from a further expansion of loss-making high-speed trains, also floated today as a possible policy response to an economy weighed down by too many indebted loss-making high-speed trains. China also lowered banks’ 1-year loan prime rate 10bp to 3.70% today, but this again seems to put the “meh” in “Common Prosperity” (it works with my accent) rather than being a radical new solution to existing problems.

7. OIL ISSUES

8 EMERGING MARKET& AUSTRALIA ISSUES

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

AUSTRALIA

SOUTH AFRICA

As promised, the boosters offer little protection against the Omicron.

In truth, Omicron is a gift from heaven and will hasten “herd immunity”

(zerohedge)

South African Scientists Confirm Boosters Offer Little Protection From Omicron

THURSDAY, JAN 20, 2022 – 03:30 AM

On Monday, a team of Israeli scientists publicized research showing that even a second booster dose of the Moderna or Pfizer mRNA vaccines doesn’t bestow complete immunity from the omicron variant.

Now, just days later, their conclusion appears to have been corroborated by a team of South African researchers from the University of Cape Town and Stellenbosch University who observed seven individuals who had been infected with the omicron variant despite having been “boosted”. The patients represented the first known cases of breakthrough infection by omicron, the researchers told the Lancet, the British medical journal where their findings were published.

Keep in mind, the South African team used a very different approach. First of all, the patients they examined had only received a single booster dose (unlike with the Israeli study, which focused on patients who had received two doses).

As for the study’s subjects, all of them were white, and four were participating in medical training at Cape Town hospitals. The other three were on vacation. They were all between the ages of 25 and 39, and none of them could be classified as “obese”, or had any other relevant medical history. All of them had tested negative before arriving in Cape Town, and none of them had reported a prior bout of COVID infection.

Five of them had received three doses of the COVID vaccine made by Pfizer and BioNTech. One had received a dose of the Moderna jab followed by Pfizer for the next jabs. Another received the AstraZeneca jab then switched over to Pfizer.

All of the subjects reported respiratory symptoms starting between Nov. 30 and Dec. 2; they ultimately experienced mild or moderate disease. The presence of the group of Germans presented a “unique opportunity” that researchers quickly jumped on, since the seven individuals represented the first known cases of omicron breakthrough infection involving patients who had already been boosted.

“The presence of this group from Germany presented a unique opportunity to study omicron breakthrough infections in individuals with mRNA vaccine boosters,” the researchers said.
“Robust CD4 and CD8 T-cell responses” were detected in the subjects, the researchers said in reference to an additional line of the human immune system’s defenses aside from the production of antibodies. “The mild to moderate course of illness suggests that full vaccination followed by a booster dose still provides good protection against severe disease caused by omicron,” they said.

The news hit shares of Pfizer and Moderna, the two biggest producers of mRNA jabs.

The findings ultimately demonstrated “insufficient prevention of symptomatic infection in otherwise healthy individuals who had received three doses of COVID-19 mRNA vaccines.” Furthermore, the findings supported the need for “updated vaccines to provide better protection against symptomatic infection”. Pfizer and Moderna have already promised to roll out retooled versions of their jabs specifically designed to protect against omicron. But at this point in the pandemic, it’s unclear if the new jabs will be available before COVID finally makes the jump from “pandemic” to “endemic”.

Readers can read more about the team’s findings below:

s a Research by Joseph Adinolfi Jr. on Scribd

END

* * *

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

Euro/USA 1.1338 DOWN .0005 /EUROPE BOURSES //ALL MIXED

USA/ YEN 114.27 DOWN 0.081 /NOW TARGETS INTEREST RATE AT .11% AS IT WILL BUY UNLIMITED BONDS TO GETS TO THAT LEVEL…

GBP/USA 1.3613 UP 0.0004

Last night Shanghai COMPOSITE CLOSED DOWN 3.12 OR 0.09%

//Hang Sang CLOSED UP 824.50 PTS OR 3.42%

/AUSTRALIA CLOSED UP 0.16% // EUROPEAN BOURSES OPENED ALL MIXED

Trading from Europe and ASIA

I)EUROPEAN BOURSES ALL MIXED

2/ CHINESE BOURSES / :Hang SANG CLOSED UP 824.50 OR 3.42%

/SHANGHAI CLOSED DOWN 3.12 PTS OR 0.09%

Australia BOURSE CLOSED UP 0.16%

(Nikkei (Japan) CLOSED UP 305.30 PTS OR 1.11%

INDIA’S SENSEX IN THE RED

Gold very early morning trading: 1839.40

silver:$24.15-

USA dollar index early THURSDAY morning: 95.63 UP 12 CENT(S) from WEDNESDAY’s close.

THIS ENDS THURSDAY MORNING NUMBERS

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

And now your closing THURSDAY NUMBERS 1: 00 PM

Portuguese 10 year bond yield: 0.59% DOWN 2 in basis point(s) yield from YESTERDAY/

JAPANESE BOND YIELD: +0.145% UP 0 AND 8/10 BASIS POINTS from YESTERDAY/JAPAN losing control of its yield curve/

SPANISH 10 YR BOND YIELD: 0.66%// DOWN 3 in basis points yield from yesterday.

ITALIAN 10 YR BOND YIELD 1.30 DOWN 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: FALLS TO -0.025% 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 THURSDAY

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

Euro/USA 1.1338 DOWN .0006 or 6 basis points

USA/Japan: 114.02 DOWN 0.327OR YEN UP 33 basis points/

Great Britain/USA 1.3646 UP 38 BASIS POINTS

Canadian dollarUP 42 pts to 1.2468

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

The USA/Yuan, CNY: closed ON SHORE (CLOSED UP)..6.3441

THE USA/YUAN OFFSHORE: (YUAN CLOSED (UP)..6.3446

TURKISH LIRA: 13.35 EXTREMELY DANGEROUS LEVEL/DEATH WISH/HYPERINFLATION TO BEGIN.

the 10 yr Japanese bond yield at +0.145

Your closing 10 yr US bond yield DOWN 3 IN basis points from WEDNESDAY at 1.837% //trading well ABOVE the resistance level of 2.27-2.32%) very problematic

USA 30 yr bond yield: 2.154 DOWN 3 in basis points

Your closing USA dollar index, 95.53 UP 2 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 THURSDAY: 12:00 PM

London: CLOSED DOWN 11/29 PTS OR 0.15%

German Dax : CLOSED UP 89.06 points or 0.56%

Paris CAC CLOSED UP 21.54 PTS OR 0.30%

Spain IBEX CLOSED UP 36.10PTS OR .41%

Italian MIB: CLOSED UP 173.99 PTS OR 0.64%

WTI Oil price 87.20 12: EST

Brent Oil: 88.84 12:00 EST

USA /RUSSIAN / RUBLE FALLS: 76.31 THE CROSS HIGHER BY 16 RUBLES/DOLLAR (RUBLE LOWER BY 16 BASIS PTS)

GERMAN 10 YR BOND YIELD; -.025

CLOSING NUMBERS: 4 PM

Euro vs USA: 1.1310 DOWN .0032 OR 32 BASIS POINTS

British Pound: 1.3599 DOWN .0008 or 8 basis pts

USA dollar vs Japanese Yen: 114.16 DOWN .192

USA dollar vs Canadian dollar: 1.2496 DOWN .0015 (cdn dollar up 15 basis pts)

West Texas intermediate oil: 86.29

Brent: 87.48

USA 10 yr bond yield: 1.832 DOWN 4 points

USA 30 yr bond yield: 2.135 DOWN 5 pts.

USA dollar vs Turkish lira: 13,34

usa dollar vs Russian rouble: 76.65 UP 49 basis pts.

DOW JONES INDUSTRIAL AVERAGE: DOWN 313.26 PTS OR 0.89%

NASDAQ 100 DOWN 201.39 OR 1.34%

VOLATILITY INDEX: 25.59 UP 1.74 PTS up 7%

GLD/NYSE CLOSING PRICE $171.69 DOWN $0.43 OR 0.25%

SLV/NYSE CLOSING PRICE: $22.62//UP $.25 OR 1.12%

USA TRADING TODAY IN GRAPH FORM

END

I)MORNING TRADING/AFTERNOON TRADING

II)USA DATA

Initial jobless surges as economic slowdown deepens

(zerohedge)

Initial Jobless Unexpectedly Surge To A Three Month High As Economic Slowdown Deepens

THURSDAY, JAN 20, 2022 – 08:42 AM

While the number of actual Americans filing for jobless benefits for the first time dipped to 337.4K from a 8 month high of 420.8K last week, on a seasonally-adjusted, initial claims unexpectedly soared from 231K to 286K, a huge miss to expectations of 225K, the highest print since October 8 and the latest confirmation that the economy is slowing rapidly not just because of Omicron but due to general exhaustion at the consumer level the result of stimmies having been spent long ago.

While continuing claims on a seasonally-adjusted basis rose from a fresh pre-COVID low of 1.551MM last week to 1.635MM, on a non-seasonally-adjusted basis, continuing claims jumped to a fresh 3 month high of 2.075mm, the highest since the first week of October.

On an unadjusted state by state basis, claims fell in virually all states with the exception of California, where the DOL estimates that they rose (it didn’t actually measure them).

Overall, the number of Americans filing for some form of unemployment benefit rose again from 1.948mm (unadjusted) to 2.128MM.

And while pundits and economists will be quick to blame everything on Omicron (which of course is transitory), they will again be wrong because we are now entering the phase where the US consumer is now tapped out. But of course, just as the Fed erred last year and allowed inflation to run red hot, in 2022 it won’t spot the economic slowdown in time and will keep tightening right into a major recession if not worse…. at which point Powell will of course panic and unleash an even bigger easing cycle than the Covid one.

end

US Existing Home Sales Suffer Biggest December Drop Since 2009

THURSDAY, JAN 20, 2022 – 10:09 AM

Amid Omicron anxiety, surging mortgage rates, and a dip in homebuilder sentiment, analysts expected a modest 0.6% MoM drop in existing home sales in December, but while they were right on direction, the magnitude was way off as December Existing Home Sales crashed 4.6% MoM – the biggest MoM drop since Feb 2021.

Source: Bloomberg

This is the worst December drop in sales since 2009 and existing home sales dropped 7% YoY.

“Even as sales are falling, the fact that prices are showing this strength is showing that buyers are there. But the lack of inventory is hindering some of the sales activity,” Lawrence Yun, NAR’s chief economist, said on a call with reporters.

While the December print saw total existing home sales slide, 2021 still saw the best annual sales since 2006…

Source: Bloomberg

One potential problem looming is that home prices appreciated by the most since 1999. The median selling price rose 15.8% in December from a year ago to $358,000. That compares with $354,400 in the prior month.

Sales of homes costing less than $250,000 declined in December, while purchases of properties priced at least $500,000 increased

Lean inventories remain the housing market’s biggest problem.

There were just 910,000 homes for sale last month, down 18% from a month earlier and 14.2% from a year ago.

At the current pace it would take 1.8 months to sell all the homes on the market, also a record low. Realtors see anything below five months of supply as a sign of a tight market.

All regions posted sales decreases last month, led by the West and South

end

III)A USA COVID UPDATES.

Covid cases are plunging all across the uSA. It should be over by March

(zerohedge0

As COVID Cases Plunge Across America, ‘Models’ Are Once Again Warning Of Imminent Deathmageddon

WEDNESDAY, JAN 19, 2022 – 05:25 PM

Across the US and much of the developed world, deaths attributed to COVID have plunged since the arrival of the omicron variant, which is notably far more mild than previous strains.

Yet this dramatic decline in deaths vs. cases isn’t stopping the scientists who produce COVID “models” – which, keep in mind, have been consistently wrong since the start of the pandemic – from producing even more alarmist forecasts.

‘The Science’ (this time courtesy of Pennsylvania State University) is basing their models on the fact that Covid mortality has been trending slightly upward since November. In that time, the 7-day rolling average for daily new COVID deaths in the US reached nearly 1,700 on Jan. 17, still below the peak of 3,300 in January 2021.

According to Katriona Shea of Pennsylvania State University, who helps to lead a team that compiles several pandemic models and shares the projections with the White House, deaths in the US could eclipse the 1 million threshold by the end of March (they currently stand at 854,000 – and of course includes those who died with Covid as opposed to from it). In short, the forecasters are projecting anywhere between 50K and 300K deaths between now and then. Yet, the current COVID wave, which may have already peaked, is expected to conclude in March, when warmer weather is expected to arrive across North America.

Adding to the fear mongery, AP also pointed out in a recent story that COVID deaths among nursing home residents have started to climb slightly (although the current rate is 10x less than the January peak from last year).

But while the worst-case forecasts are calling for a rise in daily mortality numbers, a quick look at the numbers out of South Africa (which is believed to be further along in its omicron-driven wave than the rest of the world since that’s where the variant was first discovered) show that deaths are sharply declining – catching up to a more pronounced dropoff in cases.

To that end, as the Epoch Times reports, the number of COVID cases is falling in 34 US states, “stoking optimism that the omicron-fueled wave is subsiding.” New York, Florida and California are included in the 34. Other states in this category include Alabama, Delaware, Louisiana, Georgia, Nevada, North Dakota, Oregon and Pennsylvania.

Cases in New York (one of the most closely watched states) have fallen significantly from their peak above 90K from Jan. 7. Daily case numbers dropped to just 26K on Monday, while hospitalizations have fallen across the northeast.

But while academic fearmongers are trying to turn the COVID ‘FUD’ dial back to ’11’, Americans should probably be more concerned about rising non-COVID deaths in the 18 to 49 age group, something that has been driven by an increase in suicides and drug overdoses since the start of the pandemic. An analysis by the Epoch Times showed that deaths in this age group increased by 40% in the 12 months ending in October 2021.

The Epoch Times has repeatedly asked both the White House and the CDC about any steps they’re taking to address this, but they have yet to respond. What’s more, researchers from Stanford University’s Meta-Research Innovation Center have found that the number of COVID-caused deaths from 2020 might actually be lower than previously believed.

It’s something to keep in mind when the “authorities” are pressuring everyone to get that fourth COVID jab a few months from now, even as life around the world starts to go “back to normal”.

end

Starbucks joins a growing list of companies abandoning the Vax mandate

(zerohedge)

Starbucks Joins Growing List Of Companies Abandoning Vax Mandate After SCOTUS Ruling

WEDNESDAY, JAN 19, 2022 – 10:25 PM

Another company has abandoned its plans for a vaccination mandate and mandatory routine testing roughly one week after the Supreme Court killed President Biden’s plans to enforce a corporate vax mandate through OSHA.

To wit, Starbucks has joined the ranks of American megacorps including General Electric in rejecting vaccine mandates by pausing its plans to require baristas to get vaccinated, or receive weekly testing. The decision was reported shortly before President Joe Biden blasted the SCOTUS ruling as a “mistake” during his Wednesday press briefing.

Instead, Starbucks says it will “strongly encourage” baristas to get vaxxed while encouraging them to disclose their vaccination status. Culver said in the letter that more than 90% of workers already disclosed if they have been vaccinated. Meanwhile, the “vast majority” have been fully vaccinated, according to CNBC.

Starbucks employs some 228K people across the US.

Starbucks told employees on Wednesday it would no longer allow baristas to wear cloth masks to work. Instead, they have to wear at least one three-ply, medical-grade mask, or an N95, KN95 or KF94 mask. Furthermore, the company said that starting Thursday, it plans to temporarily expand its policy of requiring workers to self-isolation policy. That means baristas who are exposed at work, have ongoing close contact with someone who tests positive, have symptoms or have tested positive will be instructed to self-isolate, regardless of vaccination status. These workers will be eligible for Starbucks’ self-isolation pay for missed shifts.

John Culver, the COO and the North American group president, said in the letter that more than 90% of workers had already disclosed if they have been vaccinated, and the “vast majority” have been fully vaccinated.

“While the [Emergency Temporary Standard] is now paused, I want to emphasize that we continue to believe strongly in the spirit and intent of the mandate,” Culver said in a letter to the company’s baristas that was viewed by CNBC.

We suspect Starbucks won’t be the last American corporate giant to announce that it is abandoning its vaccination requirement. The decision comes as new research out of Israel and South Africa illustrates just how ineffective mRNA vaccines are at preventing people from being infected with the omicron variant.

END

iiiB) important USA economic stories for you tonight

As expected, two Senate Democrats block Biden’s voting rights bill as well as stopping another attempt to kill fillibuster

(zerohedge)

Senate Democrats Block Biden Voting Rights Bill By Stopping Attempt To Kill Filibuster

THURSDAY, JAN 20, 2022 – 07:40 AM

Democrats’ hypocrisy surrounding the filibuster has been explored by many political analysts including Glenn Greenwald, who published a piece defending the practice.

Others criticized President Joe Biden’s attempt to frame his push to kill the filibuster for all legislation as one between “autocracy or hypocrisy”. Unfortunately for Biden, this messaging, seemingly timed to coincide with the Martin Luther King Jr. Day holiday, has apparently backfired.

Democrats’ attempt to use the “nuclear option” to side-step the filibuster and pass two bills intended to nationalize American elections failed when two members of their own party refused to back the bills. Democratic Sens. Joe Manchin and Krysten Sinema voted with Republicans to keep the filibuster rules, rejecting the president’s bid to finally kill the 60-vote threshold for passing legislation in the chamber, which Democrats have long railed against (despite occasionally employing it to their own advantage).

Democrats’ year-long push to enact “voting rights” legislation ended Wednesday night with the two losing votes. Dems have long argued that passing these bills would be the only thing standing in the way of a new wave of voter suppression laws in GOP-dominated states, laws that Biden has likened to “Jim Crow 2.0”.

Hours earlier, Sen. Majority Leader Chuck Schumer voted against moving forward with the John R Lewis Act. That motion failed in the Senate by 51-49. Schumer joined Republicans “in order to enter a motion to reconsider the vote,” according to the Senate Press Gallery.

However, minutes before the Senate voted Schumer threatened that “if the GOP blocks this vote—we must change the rules of the Senate to pass these bills.”

The bill passed last week in the House along party lines by 220-203.

In a tweet, Sen. Chuck Grassley slammed the Dems for their hypocrisy regarding the voting rights bill.

He also accused Democrats of trying to manufacture fear about voter suppression when in fact it’s “much easier” to vote in certain red states like Iowa than it is in most blue states.

To be clear, the Democrats weren’t trying to do away with the filibuster entirely. They were simply trying to circumvent it for elections bills – like the bills that were under consideration.

end

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

Imports Take “Dramatically Longer” To Reach US As Bottlenecks Bite

THURSDAY, JAN 20, 2022 – 08:59 AM

By Greg Miller of FreightWaves,

Planning to import goods from Asia by ocean and sell them in America this summer? Better act fast. The trans-Pacific cargo move can now take over three months. According to multiple sources, average transit times have risen to double pre-COVID levels — and they’re still increasing.

Methodologies and data sources differ, so time estimates vary. But each dataset shows the same trend: With every passing month, more vessels, container equipment and goods inventories are getting waylaid in the Pacific.

Flexport

Flexport launched its weekly Ocean Timeliness Indicator (OTI) in early December. The OTI uses data from Flexport’s freight forwarding customers back to March 2019, measuring the time from the cargo-ready date at the exporters’ gate to the date when products leave the destination port (i.e., the landside transport time from the factory to the port in Asia, the Asian port wait, the ocean journey, and the North American port wait). The OTI is an average for loads from all Asian countries to all North American ports on any of the three coasts.

Flexport’s Asia-U.S. OTI reached an all-time high of 114 days last week. That’s 41 days or 57% higher than at the same time last year, and 63 days or 125% higher than at the same time in 2020, pre-COVID.

A shipment time is not included in the average until the import cargo leaves the U.S. port, meaning the indicator is retrospective. Goods included in the average in the first week of January might have left an Asian factory in early October, at a time when the queue of waiting ships off Los Angeles/Long Beach was around 40% smaller than it is now.

Phil Levy, chief economist of Flexport, explained the value of the OTI in an interview with American Shipper. “It does speak in terms of days, and in that sense it’s supposed to give a general idea of the magnitude shippers have to deal with. But it’s not a precise, forward-looking estimate of how long it will take you to get from your factory in Vietnam to Vancouver, for example.

“This is intended as a straightforward and transparent measure of how severe the crisis is,” he said. “You see a lot of things that jump around and other fleeting measures. You might say, ‘Hey, I got a great spot rate out of Yantian so I guess the crisis is over’ or ‘There was stuff on the shelves when I went shopping yesterday so I think we must be OK.’ But the OTI is something that is fairly consistent, you can see it over time, and you can see the degree of variability over time. You can see that these are dramatically longer times than we’ve had before — and they haven’t backed off yet.

“Let’s suppose the supply chain fairy waved a wand and solved all of these problems and we went right back to the old shipping times of the pre-COVID era again. What would the ‘all clear’ look like? You wouldn’t see an immediate drop because it would take awhile for things to sort out [due to the OTI’s retrospective nature]. But you should start to see this trending down as each stage [Asia factory to ships/ocean/U.S. port] moves faster. And we haven’t seen that yet. If this resolves, you should see something very different here.”

Freightos

Another measure of trans-Pacific shipping duration is produced by Freightos. It uses data since October 2019 from bookings on its Freightos.com marketplace, including both full container load (FCL) and less than container load (LCL) business.

The average monthly transit time is measured from China to U.S. ports, with the majority going to the West Coast ports. The delivery times are measured on an end-to-end basis, generally warehouse to warehouse.

Freightos calculated that it took an average of 80 days in December for trans-Pacific cargo, with FCL at 72 days and LCL at 82 days. The average transit time is 51% or 27 days higher than in December 2020 and 86% or 37 days longer than in December 2019, pre-COVID.

Shifl

Yet another dataset is produced by Shifl. This data tracks the ocean transit time of ships from when they leave major Chinese ports (Ningbo, Qingdao, Shanghai, Yantian) to their arrival in Los Angeles/Long Beach.

As of the first half of December, Shifl calculated that the transit time was 34 days, more than double the pre-COVID average of 16 days and about two weeks more than transit times in the middle of last year.

Sea-Intelligence

The second-half rise in the measures published by Shifl, Freightos and Flexport mirror the increasing number of container ships waiting offshore for berths in Los Angeles and Long Beach. According to data from the Marine Exchange of Southern California, an all-time high 105 container ships were waiting for berths on Thursday and Friday, with 103 waiting as of Tuesday.

The difference between the on-the-water data from Shifl and the end-to-end data from Flexport and Freightos confirms how much time is being lost at terminals on either side of the ocean.

Sea-Intelligence has developed an index, using data from carrier HMM, to quantify the level of terminal congestion on the North American side of the equation. That index has doubled over the past year.

Alan Murphy, CEO of Sea-Intelligence, warned this week: “It seems that there is no sign of imminent improvement. All available data shows that congestion and bottleneck problems are worsening.”

END

iv)swamp stories

The FBI are totally compromised

(zerohedge)

FBI Raids Home, Campaign Office Of Democrat Biden Critic Rep. Henry Cuellar

THURSDAY, JAN 20, 2022 – 09:57 AM

The FBI on Wednesday raided the home and campaign office of Rep. Henry Cuellar (D-TX), a frequent critic of President Joe Biden.

According to the Texas Tribune, FBI spokesperson Rosanne Hughes said authorities were “conducting court-authorized law enforcement activity,” and had appeared to seize evidence from the Democratic lawmaker’s home.

In a statement, Cuellar’s office told the Tribune: “Congressman Cuellar will fully cooperate in any investigation. He is committed to ensuring that justice and the law are upheld.”

Agents spent what appeared to be several hours at Cuellar’s home according to Texas reporter Valerie Gonzalez, who tweeted that agents had “loaded large bags, plastic bins, and a computer into a federal vehicle.”

In office since 2004, Cuellar has frequently sided with Republicans – including a November call to replace Vice President Kamala Harris as “border czar.”

As Zachary Stieber of The Epoch Times notes:

Cuellar, considered a moderate, has been a frequent critic of Biden’s lax immigration enforcement policies, which experts say have contributed to the explosion in illegal immigration recorded since Biden took office one year ago.

Under the Democrat, the most illegal immigrant apprehensions at the southwest border were recorded for both a fiscal year and a calendar year.

Biden shortly after being sworn in halted construction of the border wall, curbed use of pandemic-era expulsion powers, and directed officials to end the “Remain in Mexico” program, which forced many asylum seekers to wait in Mexico for their claims to be heard.

Some of the administration’s moves have been blocked or reversed by courts, but December arrests were higher than the month before, according to preliminary figures provided in court documents by the Customs and Border Protection agency.

END

KING REPORT/SWAMP STORIES

I will see you on FRIDAY night/

douglas cundey	8:38 AM (6 minutes ago)
to Chris, William, rkirby, Bill, me


The King Report January 20, 2022 Issue 6681	Independent View of the News
UK PM Boris Johnson: “The government will no longer mandate the wearing of face masks anywhere. We will no longer require face masks in classrooms… We will trust the judgment of the British people and no longer criminalize anyone who chooses not to wear one.” https://twitter.com/Breaking911/status/1483883102359457795 ESHs opened modestly higher on Tuesday night and then sank to -36.00 at the 2:55 ET. At the 3:00 ET European open ESHs and stocks commenced a vertical rally until 5:00 ET. How much of the rally was due to the BoJo’s no mask edict and how much was due to Weird Wednesday machinations, or the equity rescue team is unknown. ESHs traded sideways with a slight upward bias from 5:00 ET until a modest spurt higher appeared after the US bond market opened at 8:00 ET. ESHs quickly reverted to trading sideways until they jumped higher after the NYSE open, of course. It was Weird Wednesday, a primetime for expiry manipulation! The rally was led by the favored trading and expiry vehicles: techs and Fangs. Bonds traded lower until they hit a bottom 20 minutes after the European open. They then rallied ¾ of a point by 8:17 ET. After the opening spike higher on the NYSE, sellers appeared. ESHs and stocks then vacillated in a tight range until they broke down just after 10:00 ET. Minutes before ESHs and stocks sank, precious metals spiked higher. Minutes after ESHs and stocks sank, oil and gasoline spiked higher. The Daily Mail: Vladimir Putin ‘is now plotting a full-scale invasion’: British defense chiefs and White House warn Ukraine is facing a ‘nightmare scenario’ as Russian troops mass along border and armored divisions head to Belarus https://www.dailymail.co.uk/news/article-10415995/Ukraine-facing-nightmare-scenario-Russian-troops-mass-border-British-defence-chiefs-warn.html Blinken arrives in Ukraine, says Russia could attack at short notice http://reut.rs/3FGzuUk GOP Sen. @tedcruz: No kidding. This is because Biden gave Putin a multi-billion-dollar pipeline (letting him get his gas to market without Ukraine) and then last week 44 Dems backed Biden’s surrender to Russia. @redsteeze: *Biden hasn’t nominated an ambassador to Ukraine, froze delivery of lethal defensive weapons* and lifted sanctions on the Nord Stream 2 for Putin, and none of this raises suspicion in our media after screaming about Russia and pee tapes for 5 years…Perhaps those Ukrainian business dealings with his corrupt son were kind of relevant after all. Biden nominates Jane Hartley as ambassador to UK, while Ukraine still lacks one https://trib.al/5BxXbeY Russia expert on ‘Tucker Carlson Tonight’: US ‘sleepwalking’ toward new ‘Cuban Missile Crisis’ *Clinton Ehrlich warned of dire consequences for Americans at home if a war is commenced* “They like to portray themselves as Cold Warriors, but the architect of America’s strategy during the Cold War, George Kennan, warned that NATO expansion could lead us to a war with Russia — and he has been vindicated. We’re now on the precipice of that kind of conflict,” Ehrlich said. Many NATO officials don’t want Ukraine in the alliance because of its history of government corruption, he added. “It’s more of a liability than it would be a military asset. People are pushing this simply argue that it needs to happen because Russia shouldn’t have a veto over who is in NATO,” he said. “The Russians are talking about potentially deploying strategic forces to Cuba and Venezuela in a repeat of the Cuban Missile Crisis. It’s shocking that people are not more upset about this because the lives of Americans are being threatened over a situation where we have no vital strategic national interest.“… https://www.foxnews.com/media/united-states-cuban-missile-russia Nasdaq Composite drops 10% from November 2021 high https://trib.al/MO0gVcK The probable catalyst for the last-hour tumble via Tass: Russian delegation declares start of ‘countdown’ in wait for adoption of Russian proposals – “There arrives a moment of truth when the West either accepts our proposals or other ways will be found to safeguard Russia’s security,” the head of the Russian delegation at the Vienna Negotiations on Military Security and Arms Control Konstantin Gavrilov said… https://tass.com/politics/1390505 @business: The Russell 2000 index fell as much as 1.1% on Wednesday, creating conditions in the small-cap market for what’s known as a death cross – its average price over the last 50 days dipping below the 200-day moving average… https://www.bloomberg.com/news/articles/2022-01-19/small-cap-investors-staring-at-death-cross-after-biotech-rout They Still Haven’t Told You *The world’s stock markets display a decades-long pattern of overnight and intraday returns* seemingly consistent with only one explanation: one or more large, long-lived quant firms tending to expand its portfolio early in the day (when its trading moves prices more) and contract its portfolio later in the day (when its trading moves prices less), losing money on its daily round-trip trades to create mark-to-market gains on its large existing book. In the fourteen years since this extraordinary pattern of overnight and intraday returns was first noted in the literature, no plausible alternative explanation has been advanced. The main question remaining is therefore which of the few firms capable of profitably trading in this manner are guilty of having done so. If any of this is news to you, it is because the people you trust to alert you to such problems still haven’t told you… The SEC’s handling of the issue we are concerned about [1–5] is far worse. Despite being fully aware of the problem [5], the SEC has publicly claimed that public equity markets in the United States function well, has encouraged the public to invest in them, and has not told the public about the suspicious returns in the United States stock market… https://arxiv.org/pdf/2201.00223.pdf New research suggests COVID was less deadly than thought in first year of pandemic Meta-research pioneer John Ioannidis of Stanford cuts “infection fatality rate” by half for age groups including young people, using international “seroprevalence” review… The risk-benefit ratio of vaccine boosters is also under scrutiny, with international authorities souring on their wide deployment and a new Israeli study finding that a fourth dose of the Pfizer or Moderna vaccines doesn’t stop the Omicron variant… The age group 0-19 still has the lowest estimated IFR with 0.0013%, or 1.3 per 100,000, but that’s half the IFR of July’s study. Also halved: 20-29 year-olds with an IFR of 0.0088% and 40-49 with 0.042%. The only age group without a lower IFR in the December update was 60-69 year-olds, which increased to 0.65%. The community-dwelling elderly had an IFR of 2.9% and elderly overall 4.9%, but the study noted a “steeply increasing IFR with larger proportions of people” 85 and older… https://justthenews.com/politics-policy/coronavirus/new-research-suggests-covid-was-less-deadly-thought-first-year-pandemic Senator Rand Paul (@RandPaul): The CDC Says Cloth Masks Don’t Work. Rand Paul Got Suspended from YouTube for Saying the Same Thing… https://t.co/GfnQe3QJMa AP: Starbucks is no longer requiring its U.S. workers to be vaccinated against COVID-19, reversing a policy it announced earlier this month. *The Big Guy said inflation must be brought under control*; it is a critical job for the Fed to get inflation under control; and it is appropriate for the Fed to recalibrate its support for the economy. Biden: If price increases are what you’re worried about, the best answer is my Build Back Better plan. https://twitter.com/Breaking911/status/1483912462118359044 Biden: I often see empty shelves being shown on television. 89% are full, which is only a few points below what it was before the pandemic. And shelves were stocked not withstanding storms… https://twitter.com/townhallcom/status/1483910654469758978 Reporter: Did you overpromise to the American public what you can achieve in the first year of office?” The Big Guy: I didn’t overpromise. *I have probably outperformed what anybody thought would happen…* (Who writes his material?) https://twitter.com/townhallcom/status/1483912295822544896 The Big Guy defaulted to a favorite Strawman ploy when challenged about his poor performance: “Think about this — what are Republicans for?… Name me one thing they are for.” (The ‘Unity President’!) @charliespiering: *Staff clearly told Biden to pivot from any questions about his agenda by blaming Republicans and asking them what they are for* @townhallcom: *Biden says that he know five Republican senators who have told him in secrecy that they support his agenda, but when asked to name them he says “no, are you kidding me*?” https://twitter.com/townhallcom/status/1483921768918265861 @greg_price11: REPORTER: Will the midterm elections be fair and legitimate if the voting bill isn’t passed? BIDEN: “It depends on whether or not we’ll be able to make the case to the American people that some of this is being set up to try to alter the outcome of the election.” https://twitter.com/greg_price11/status/1483915063291531267 @TomBevanRCP: @PhilipWegmann follows up on Biden’s refusal to say midterms will be free and fair. Biden reiterates the elections may be illegitimate. (Cancel Biden! He’s an insurrectionist!) GOP Sen Josh Hawley @HawleyMO: *Joe Biden dangerously claiming results of 2022 elections will be illegitimate unless Congress passes his election power grab* @MZHemingway: *Biden does his old-man whisper thing* when asked if he’s going to actually do anything to keep schools open. He whispers that most are open and then says tons of funding has gone to have buildings safe. https://twitter.com/dannydeurbina/status/1483917170769866752 @mVespa1: Biden says he’s going to be “deeply involved” in the midterms. Every Dem just threw up … Biden on Russia: If they invade, they’re gonna pay … Their banks will not be able to deal with dollars. https://twitter.com/disclosetv/status/1483917818173210624 @townhallcom: Biden on the possibility of Putin invading Ukraine: “I’m not so sure he has, he’s certain what he’s going to do. My guess is he will move in. He has to do something.” https://twitter.com/townhallcom/status/1483917804306903045 @DefenseBaron: *Biden says “It’s one thing if it’s a minor incursion*… but if they actually do what they’re capable of doing… it is going to be a disaster for Russia, if they invade Ukraine.” Promises “heavy” and “real” penalties. (The Big Guy just gave Putin the okay to annex Donbas!) https://twitter.com/disclosetv/status/1483922047914942466 @JackPosobiec: *The ‘minor incursion’ line is what was said in the last Ukraine meeting Biden was in and he forgot he wasn’t supposed to say it publicly…* *WH staffer: “State Dept official lines and back-channels with Ukraine completely flooded, what a fing mess.”* CNN: “One Ukrainian official…said that he was ‘shocked that President Biden would give a green light to Vladimir Putin in this way**.’” “It gives the green light to Putin to enter Ukraine at his pleasure. https://twitter.com/RNCResearch/status/1483945128070979584 GOP @SenTomCotton: *Joe Biden’s impotence emboldened Vladimir Putin and now he just green-lighted Putin to invade Ukraine.* Politico’s @alexbward: Source close to Zelensky admin on Biden’s Russia/Ukraine remarks: “The fallout [in Kyiv] will be nuclear.” @RNCResearch: *Biden says a nuclear power — like Russia — invading another country “hasn’t happened since World War Two*.” Russia invaded Ukraine in 2014 while Biden was vice president… https://twitter.com/RNCResearch/status/1483931930454339585 Biden says ‘not there yet’ on possible easing of tariffs on Chinese goods https://yhoo.it/3IB5uv1 Biden insists he pressed China’s Xi on COVID origin — but aides weren’t in the room https://trib.al/aIv1zDq @joelpollak: *This press conference marks the effective end of the Biden presidency*. Let the 25th Amendment discussions begin (Troubling clip) https://twitter.com/MaxAbrahms/status/1483955777605967874 @abigailmarone: After watching this, I understand why the WH has been so reluctant to let Biden have a press conference. Absolute disaster. @MZHemingway: “GO BACK AND READ WHAT I SAID!” Biden yells in response to the Phil Wegmann beginning to ask a mild question about Biden’s comparison of political opponents to racists. Then reiterates the thing that got everyone mad? Holy wow is this weird. @realscubamike: Joe gets called out for Bull Connor statement and blows a gasket! https://twitter.com/realscubamike/status/1483929090629451776 Reporter James Rosen: “Why do suppose such large segments of the American electorate have come to harbor such profound concerns about your cognitive fitness?” The Big Guy: “*I have no idea.” https://twitter.com/townhallcom/status/1483930403547361289 @abigailmarone: Biden says he doesn’t “believe the polls”…* CNN’s Dana Bash on Biden’s disastrous press conference: “Clean up on aisle State Department.” https://twitter.com/RNCResearch/status/1483941693426647040 White House clarification on Biden’s remarks concerning Ukraine. …If any Russian military forces move across the Ukrainian border, that’s a renewed invasion, and it will be met with a swift, severe, and united response from the United States and our allies… https://twitter.com/disclosetv/status/1483947708855590914/photo/1 Fox’s @LisaMarieBoothe: Did no one in Biden’s life love him enough to try to stop him from running? This is just embarrassing. He’s not fit for office. MLK Jr. niece: Biden, Dems ‘playing the race card’ to ‘stir up emotions to get their way https://justthenews.com/podcasts/john-solomon-reports/mlk-jr-niece-biden-dems-playing-race-card-stir-emotions-get-their-way The Babylon Bee: Democrats Warn That Republicans Plan to Steal Election by Blocking Democrat Efforts to Steal Election https://babylonbee.com/news/democrats-warn-that-republicans-may-steal-the-election-by-blocking-democrat-efforts-to-steal-the-election Stephen Miller @StephenM: *There is no Democrat “voting rights” bill in DC. It does not exist. It has never existed. It is not being voted on. There is only* legislation making it easier to vote under a false identity, harvest illegal ballots, vote as noncitizen, or to otherwise perpetrate criminal fraud. Josh Barnett for Congress (AZ-01) @BarnettforAZ: Why are democrats so desperate to change the voting rules when Biden won the most votes in presidential history?** @JesseKellyDC: Why do we need a “voting rights” bill if “2020 was the fairest election in history”? @ChadPergram: GOP WI Rep Steil, top GOPer on elections subcmte on Biden & if he would trust election results if Dems don’t passing election bill: For over a year, Democrats have been saying anyone who questions election integrity is paramount to treason. Today, President Biden did just that by questioning the legitimacy of future elections during his press conference if the Democrats’ partisan election bill is not passed in the Senate. We should be instilling faith in our elections, empowering states to secure our elections, and implementing election integrity measures like voter ID. President Harry S. Truman: *The Courts should be strictly judicial and not dabble in policy-except interpretation of the Constitution*. It is not at all proper for courts to try to make laws or to read law school theories into the law and policy laid down by the Congress. We want no Gestapo or Secret Police. F.B.I. is tending in that direction. They are dabbling in sex life scandles [sic] and plain blackmail when they should be catching criminals… May 12, 1945 https://www.trumanlibrary.gov/library/truman-papers/longhand-notes-presidential-file-1944-1953/may-12-1945 5 kids shot in Chicago — Pastor Brooks asks where is BLM, NAACP? Pastor Corey Brooks said there would be outrage if 5 children were shot anywhere else in America https://www.foxnews.com/opinion/5-kids-shot-chicago-pastor-brooks

Robert Hryniak	6:49 AM (51 minutes ago)
to

Robert Hryniak	7:26 AM (14 minutes ago)
to

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NUMBER OF NOTICES FILED TODAY FOR JAN. CONTRACT: 300 NOTICE(S) FOR 30000 OZ (0.9331 TONNES)

total notices so far: 5564 contracts for 556,400 oz (17.306 tonnes)

301 NOTICE(S) FILED TODAY FOR 1,505,000 OZ/

1/COMEX GOLD AND SILVER REPORT

3. ASIAN AFFAIRS

b) REPORT ON JAPAN

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5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

6.Global Issues

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8 EMERGING MARKET ISSUES

Peter Schiff: The Fed Made This Bed And Now We Have To Lie In It

Delightful speculation on the new gold price needed to back the U.S. dollar

Bank Of Russia Calls For Ban On Crypto Mining And Trading

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

3 a./NORTH KOREA/ SOUTH KOREA

3c CHINA

Chinese Homebuilders Soar As Beijing Prompts Prisoner’s﻿ Dilemma in Rescue Plan

4/EUROPEAN AFFAIRS

BaFin Found “Not Liable” For Wirecard Investors By Frankfurt District Court

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

Ukraine’s President Admits ‘Russian Invasion’ Fears Driven By “Big Hype”, Blames Media

Biden Walks Back Ukraine Statements: Any Russian Offensive Marks An “Invasion”

6// GLOBAL COVID ISSUES/VACCINE MANDATE ISSUES/

Supermarkets Report Food Shortages After Canada Imposes Trucker Vax Mandate

Pfizer Trials: All Injected Mothers Lost Their Unborn Babies

Pfizer trial documents reveal attempts to cover up the death of 100% of unborn babies in outcomes actually reported

They’re killing babies; what can we do?

5G impact on Airline travel

Vaccine Impact

Fauci’s Arch-Nemesis, Dr. Robert Malone, Posts Irrefutable PROOF Of Effectiveness Of Ivermectin – enVolve

Blood thinner could be used to treat and stop transmission of COVID-19

All The President’s Meh

7. OIL ISSUES

8 EMERGING MARKET& AUSTRALIA ISSUES

South African Scientists Confirm Boosters Offer Little Protection From Omicron

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

Initial Jobless Unexpectedly Surge To A Three Month High As Economic Slowdown Deepens

US Existing Home Sales Suffer Biggest December Drop Since 2009

As COVID Cases Plunge Across America, ‘Models’ Are Once Again Warning Of Imminent Deathmageddon

Starbucks Joins Growing List Of Companies Abandoning Vax Mandate After SCOTUS Ruling

Senate Democrats Block Biden Voting Rights Bill By Stopping Attempt To Kill Filibuster

Imports Take “Dramatically Longer” To Reach US As Bottlenecks Bite

Flexport

Freightos

Shifl

Sea-Intelligence

FBI Raids Home, Campaign Office Of Democrat Biden Critic Rep. Henry Cuellar

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