FEB1

FEB1, 2022 · by harveyorgan · in Uncategorized · Leave a comment ·Edit

GOLD; UP $10.10 to $1801.40

SILVER: $22.56 UP 18 CENTS

ACCESS MARKET: GOLD: 1801.00..

SILVER: $22.64

Bitcoin: morning price: 37,337 down 1011

Bitcoin: afternoon price: 38,682 UP 334

Platinum price: closing up $4.30 to $1027.90

Palladium price; closing down $1.55 at $2355.95

END

end

DONATE

Click here if you wish to send a donation. I sincerely appreciate it as this site takes a lot of preparation

comex notices//JPMorgan notices filed COMEX//NOTICES: 2320/8754

EXCHANGE: COMEXCONTRACT: FEBRUARY 2022 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,795.000000000 USD
INTENT DATE: 01/31/2022 DELIVERY DATE: 02/02/2022
FIRM ORG FIRM NAME ISSUED STOPPED 072 H GOLDMAN 5900
099 H DB AG 1314
118 C MACQUARIE FUT 825
132 C SG AMERICAS 21
167 C MAREX 1
323 H HSBC 500
332 H STANDARD CHARTE 158
363 H WELLS FARGO SEC 91
365 H ED&F MAN CAPITA 2
435 H SCOTIA CAPITAL 21
555 C BNP PARIBAS SEC 1
624 H BOFA SECURITIES 2633
657 C MORGAN STANLEY 30
661 C JP MORGAN 1176
661 H JP MORGAN 1144
685 C RJ OBRIEN 4 2
686 C STONEX FINANCIA 5
709 C BARCLAYS 2546
730 C PTG DIVISION SG 1
732 C RBC CAP MARKETS 38
773 C G.H. FINANCIALS 1
800 C MAREX SPEC 7 22
880 H CITIGROUP 1000
905 C ADM 22 43

TOTAL: 8,754 8,754
MONTH TO DATE: 12,537

NUMBER OF NOTICES FILED TODAY FOR FEB. CONTRACT: 8754 NOTICE(S) FOR 875,400 OZ (27.22 TONNES)

total notices so far: 12,537 contracts for 1,253,700 oz (27.228 tonnes)

SILVER NOTICES:

56 NOTICE(S) FILED TODAY FOR 280,000 OZ/

total number of notices filed so far this month 614 : for 3,070,000 oz

GLD

WITH GOLD UP $5.40

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

NO CHANGES IN GOLD INVENTORY AT 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: 1014.26 TONNES/

Silver//SLV

WITH NO SILVER AROUND AND SILVER UP 18 CENTS:/: NO CHANGES IN SILVER INVENTORY AT THE SLV//

AT THE SLV//

INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV

CLOSING INVENTORY SLV/ TONIGHT: 533.801 MILLION OZ

Let us have a look at the data for today

SILVER//OUTLINE

SILVER COMEX OI ROSE BY A STRONG 2356 CONTRACTS TO 150,633 AND RESTS FURTHER FROM THE NEW RECORD OF 244,710, SET FEB 25/2020 AND THIS STRONG LOSS IN OI WAS ACCOMPANIED WITH OUR SMALL $0.07 GAIN IN SILVER PRICING AT THE COMEX ON MONDAY. OUR BANKERS WERE UNSUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT ROSE BY $0.07) AND WERE UNSUCCESSFUL IN KNOCKING OUT A FEW SILVER LONGS AS WE HAD A STRONG GAIN OF 2508 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 TINY ISSUANCE OF EXCHANGE FOR PHYSICALS iiii) A HUGE INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 4.110 MILLION OZ FOLLOWED BY TODAY’S 60,000 OZ QUEUE JUMP//NEW STANDING 4.170 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 -52

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

TOTAL CONTACTS for 1 days, total contracts: : 100 contracts or 0.500 million oz OR .5 MILLION OZ PER DAY. (100 CONTRACTS PER DAY)

TOTAL NO OF OZ UNDERGOING EFP TO LONDON 100 CONTRACTS X 5,000 PER CONTRACT:

EQUATES TO: 0.500 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

JAN 2022// 90.460 MILLION OZ

FEB 2022: .5 MILLION OZ//

SPREADING OPERATIONS

(/NOW SWITCHING TO SILVER) FOR NEWCOMERS, HERE ARE THE DETAILS

SPREADING LIQUIDATION HAS NOW COMMENCED AS WE HEAD TOWARDS THE NEW ACTIVE FRONT MONTH OF MAR.WE ARE NOW INTO THE SPREADING OPERATION OF SILVER

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 (MAR), 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.”

RESULT: WE HAD A STRONG SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 2356 WITH OUR $0.07 GAIN SILVER PRICING AT THE COMEX// MONDAY THE CME NOTIFIED US THAT WE HAD A TINY SIZED EFP ISSUANCE OF 100 CONTRACTS( 100 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: /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 60,000 OZ QUEUE JUMP //NEW STANDING 4.170, MILLION OZ// .. WE HAD A STRONG SIZED GAIN OF 2456 OI CONTRACTS ON THE TWO EXCHANGES FOR 12.280 MILLION OZ//

WE HAD 56 NOTICES FILED TODAY FOR 280,000 OZ

GOLD//OUTLINE

IN GOLD, THE COMEX OPEN INTEREST FELL BY A GOOD SIZED 5099 TO 522,502 AND FURTHER FROM 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: — 886 CONTRACTS

THE GOOD SIZED DECREASE IN COMEX OI CAME WITH OUR STRONG GAIN IN PRICE OF $10.10//COMEX GOLD TRADING/MONDAY/.AS IN SILVER WE MUST HAD HUGE BANKER/ALGO SHORT COVERING ACCOMPANYING OUR FAIR SIZED EXCHANGE FOR PHYSICAL ISSUANCE. WE HAD ZERO LONG LIQUIDATION AS THE TOTAL LOSS ON OUR TWO EXCHANGES TOTALED 3095 CONTRACTS…WITH THE ENTIRE TOTAL LOSS COMING FROM FINALIZATION OF SPREADER LIQUIDATION.

WE ALSO HAD A HUGE INITIAL STANDING IN GOLD TONNAGE FOR JAN AT 64.3 TONNES FOLLOWED BY TODAY’S 52,600 OZ E.F.P. JUMP TO LONDON //NEW STANDING: 62.668 TONNES

YET ALL OF..THIS HAPPENED WITH OUR GAIN IN PRICE OF $10.10 WITH RESPECT TO MONDAY’S TRADING

WE HAD A SMALL SIZED LOSS OF 3095 OI CONTRACTS (9.626 PAPER TONNES) ON OUR TWO EXCHANGES

E.F.P. ISSUANCE

THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALLED A FAIR SIZED 2004 CONTRACTS:

FOR APRIL 2004 ALL OTHER MONTHS ZERO//TOTAL:2004

The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 522,502.

IN ESSENCE WE HAVE A STRONG SIZED DECREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 2209, WITH 4,213 CONTRACTS DECREASED AT THE COMEX AND 2004 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI LOSS ON THE TWO EXCHANGES OF 2209 CONTRACTS OR 6.870TONNES.

CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES

WE HAD A FAIR SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (2004) ACCOMPANYING THE GOOD SIZED LOSS IN COMEX OI (5099,): TOTAL LOSS IN THE TWO EXCHANGES 3099 CONTRACTS. WE NO DOUBT HAD 1) HUGE BANKER SHORT COVERING ,2.) HUGE INITIAL STANDING AT THE GOLD COMEX FOR FEB. AT 64.30 TONNES WHICH FOLLOWS TODAY’S HUGE EFP JUMP TO LONDON OF 52,600 OZ//NEW STANDING 62.668 TONNES// 3)ZERO LONG LIQUIDATION ,4) GOOD SIZED COMEX OI. LOSS 5) FAIR ISSUANCE OF EXCHANGE FOR PHYSICAL

HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS IN 2022 INCLUDING TODAY

FEB

ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF JAN :

2004 CONTRACTS OR 200,400 oz OR 6.23 TONNES 1 TRADING DAY(S) AND THUS AVERAGING: 2004 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 1 TRADING DAY(S) IN TONNES: 6.23 TONNES

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

THUS EFP TRANSFERS REPRESENTS 6.23/3550 x 100% TONNES 0.175% OF GLOBAL ANNUAL PRODUCTION

ACCUMULATION OF GOLD EFP’S YEAR 2021 TO 2022

JANUARY/2021: 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//FINAL ISSUANCE//

JAN:2022 247.25 TONNES //FINAL

FEB: 6.23 TONNES//INITIAL

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 2356 CONTRACTS TO 150,633 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 100 CONTRACTS

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

MAR 100 ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 100 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 2408 CONTRACTS AND ADD TO THE 100 OI TRANSFERRED TO LONDON THROUGH EFP’S,

WE OBTAIN A STRONG SIZED GAIN OF 2456 OPEN INTEREST CONTRACT FROM OUR TWO EXCHANGES.

THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES 12.28 MILLION OZ,

OCCURRED WITH OUR $0.07 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)TUESDAY MORNING// MONDAY NIGHT

SHANGHAI CLOSED //Hang Sang CLOSED /The Nikkei closed up 76.50 PTS OR 0.28% //Australia’s all ordinaires CLOSED UP 0.61% /Chinese yuan (ONSHORE) closed HOLIDAY /Oil DOWN TO 87.68 dollars per barrel for WTI and DOWN TO 88.80 for Brent. Stocks in Europe OPENED ALL GREEN // ONSHORE YUAN CLOSED XX AGAINST THE DOLLAR AT XXX. OFFSHORE YUAN CLOSED UP ON THE DOLLAR AT 6.3682: /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 FELL BY A GOOD SIZED 5099 CONTRACTS AND FURTHER FROM THE RECORD THAT WAS SET IN JANUARY/2020: {799,541 OI(SET JAN 16/2020)} AND PREVIOUS TO THAT: 797,110 (SET JAN 7/2020). AND THIS COMEX DECREASE OCCURRED DESPITE OUR STRONG GAIN OF $10.10 IN GOLD PRICING MONDAY’S COMEX TRADING. WE ALSO HAD A FAIR SIZED EFP (2004 CONTRACTS). . THEY WERE PAID HANDSOMELY NOT TO TAKE DELIVERY AT THE COMEX AND SETTLE FOR CASH.

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

EXCHANGE FOR PHYSICAL ISSUANCE

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

THAT IS 2004 EFP CONTRACTS WERE ISSUED: ;: , & FEB. 0 APRIL: 2004 & ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE: 2004 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 LOST THE FOLLOWING TODAY ON OUR TWO EXCHANGES: A SMALL SIZED 2209 TOTAL CONTRACTS IN THAT 2004 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE HAD A GOOD SIZED COMEX OI LOSS OF 4213 CONTRACTS..ALL OF THIS LOSS WAS DUE TO THE FINALIZATION OF SPREADER LIQUIDATION

// WE HAVE A STRONG AMOUNT OF GOLD TONNAGE STANDING FOR FEB (62.668),

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

FEB 2022: 62.668 TONNES

THE BANKERS WERE UNSUCCESSFUL IN LOWERING GOLD’S PRICE //// (IT ROSE $10.10) AND THEY WERE UNSUCCESSFUL IN FLEECING ANY LONGS AS WE HAVE REGISTERED A SMALL 9.626 TONNES OF TOTAL OI, ACCOMPANYING OUR HUGE GOLD TONNAGE STANDING FOR FEB (62.668 TONNES)…WITH ALL OF THE LOSS DUE TO THE FINALIZATION OF SPREADER LIQUIDATION

WE HAD –886 CONTRACTS REMOVED FROM COMEX TRADES. THESE WERE REMOVED AFTER TRADING ENDED LAST NIGHT

NET LOSS ON THE TWO EXCHANGES 3095 CONTRACTS OR 309500 OZ OR 9.676 TONNES

Estimated gold volume today: 125m608 /// poor

Confirmed volume yesterday: 153,315contracts poor

INITIAL STANDINGS FOR FEB ’22 COMEX GOLD //FEB 1

Gold

Gold	Ounces
Withdrawals from Dealers* Inventory in oz*	nil oz
Withdrawals from Customer* Inventory in oz*	160,755.000 oz Brinks 5,000 kilobars
Deposit to the Dealer* Inventory in oz*	nilOZ
Deposits to the Customer* Inventory, in oz*	nil
No of oz served (contracts) today	8754 notice(s 875,400 OZ 27,22 TONNES
No of oz to be served (notices)	7611 contracts 761,100 oz 23.672 TONNES
Total monthly oz gold served (contracts) so far this month	12,537 notices 1,253,700 OZ 38.995 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

For today:

No dealer deposit 0

No dealer withdrawal 0

0 customer deposit

total deposit: nil oz

1 customer withdrawals

i)Out of Brinks 160,755.000 oz (5000 kilobars)

total withdrawals: 160,755.000 oz

ADJUSTMENTS: 1//dealer to customer

i) Out of Brinks 206,988.138 (6438 kilobars)

CALCULATIONS FOR THE AMOUNT OF GOLD STANDING FOR JANUARY.

For the front month of FEBRUARY we have an oi of 16,365 stand for LOSING 4309 contracts.

We had 3783 contracts served upon yesterday, so we lost 526 contracts or an additional 52,600 oz will not stand on this side of the pond and

these guys were E.F.P.’d to London where they received a handsome bonus for their effort.

The month of March saw a loss of 65 contracts and thus the OI standing is 4038.

April saw a loss of 2722 contracts down to 397,142.

We had 8754 notice(s) filed today for 875,400 oz FOR THE FEB 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 8754 contract(s) of which 1176 notices were stopped (received) by j.P. Morgan dealer and 1144 notice(s) was (were) stopped/ Received) by J.P.Morgan//customer account and 5900 notice(s) received (stopped) by the squid (Goldman Sachs)

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

we take the total number of notices filed so far for the month (1,2537) x 100 oz , to which we add the difference between the open interest for the front month of (FEB: 16,365 CONTRACTS ) minus the number of notices served upon today 8754 x 100 oz per contract equals 2,014,800 OZ OR 62.668 TONNES the number of TONNES standing in this active month of FEB.

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

No of notices filed so far (12,537) x 100 oz+ (16,365) OI for the front month minus the number of notices served upon today (8754} x 100 oz} which equals 2,014,800 oz standing OR 62.668 TONNES in this active delivery month of FEB.

We lost525 contracts or an additional 52500 oz will not stand over here and were EFP’d.

TOTAL COMEX GOLD STANDING: 62.668 TONNES (HUGE FOR A FEBRUARY DELIVERY MONTH)

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

COMEX GOLD INVENTORIES/CLASSIFICATION

NEW PLEDGED GOLD:

157,392.690, oz NOW PLEDGED /HSBC 4.89 TONNES

125,410.592 PLEDGED MANFRA 2.90 TONNES

54,339.114oz PLEDGED JPMorgan no 1 1.690

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

898,821.330 oz pledged Brinks/27,96 TONNES

12,249,333 oz International Delaware: 0..3810 tonne

Loomis: 18,615.429 oz

total pledged gold: 1,553,863.297 oz 48.331 tonnes

TOTAL REGISTERED AND ELIZ GOLD AT THE COMEX: 33,235,863.297 OZ (1033,77 TONNES)

TOTAL ELIGIBLE GOLD: 15,872,022.648 OZ (493.68 tonnes)

TOTAL OF ALL REGISTERED GOLD: 17,363,810.628 OZ (540.08 tonnes)

REGISTERED GOLD THAT CAN BE SERVED UPON: 15,809,947.0 OZ (REG GOLD- PLEDGED GOLD) 491.75 tonnes

END

FEBRUARY 2022 CONTRACT MONTH//SILVER

INITIAL STANDING FOR SILVER//FEB 1

Silver	Ounces
Withdrawals from Dealers* Inventory*	NIL oz
Withdrawals from Customer Inventory	3036.162 oz Delaware
Deposits to the Dealer* Inventory*	nilOZ
Deposits to the Customer Inventory	nil oz
No of oz served today (contracts)	56 CONTRACT(S) 280,000 OZ)
No of oz to be served (notices)	220 contracts (1,110,000 oz)
Total monthly oz silver served (contracts)	614 contracts 3,070,000 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 0 deposits

JPMorgan has a total silver weight: 185.232 million oz/354.055 million =52.30% of comex

ii) Comex withdrawals: 1

a) out of Delaware: 3036.162

total withdrawal 3036.162 oz

we had 0 adjustments:

the silver comex is in stress!

TOTAL REGISTERED SILVER: 81.944 MILLION OZ

TOTAL REG + ELIG. 354.055 MILLION OZ

CALCULATION OF SILVER OZ STANDING FOR FEBRUARY

silver open interest data:

FRONT MONTH OF FEB//2022 OI: 276 CONTRACTS LOSING 546 contracts on the day. We had 558 contracts served upon yesterday.

So we gained 12 contracts or an additional 60,000 oz will stand for silver on this side of the pond.

FOR MARCH WE HAD A GAIN OF 1277 CONTRACTS UP TO 108,265 CONTRACTS.

TOTAL NUMBER OF NOTICES FILED FOR TODAY: 56 for 280,000 oz

Comex volumes: 46,374// est. volume today//weak

Comex volume: confirmed YESTERDAY: 41,912 contracts (weak)

To calculate the number of silver ounces that will stand for delivery in FEB. we take the total number of notices filed for the month so far at 614 x 5,000 oz =. 3,020,000 oz

to which we add the difference between the open interest for the front month of FEB (276) and the number of notices served upon today 56 x (5000 oz) equals the number of ounces standing.

Thus the standings for silver for the FEB./2021 contract month: 614 (notices served so far) x 5000 oz + OI for front month of FEB (276) – number of notices served upon today (56) x 5000 oz of silver standing for the FEB contract month equates 4,170,000 oz. .

We gained 60,000 oz of silver standing at the comex.

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

FEB 1/WITH GOLD UP $5.40: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1014.26 TONNES

JAN 31/WITH GOLD UP $10.10//NO CHANGE IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1014.26 TONNES

JAN 28/WITH GOLD DOWN $8.30//NO CHANGE IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1014.26 TONNES

JAN 27/WITH GOLD DOWN $36.15//ANOTHER HUGE CHANGE IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 1.16 TONNES INTO THE GLD.//INVENTORY RESTS AT 1014.26 TONNES

JAN 26/WITH GOLD DOWN $21.60 A HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 4.65 TONNES INTO THE GLD///INVENTORY RESTS AT 1013.10 TONNES

JAN 25/WITH GOLD UP $10.40 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 1008.45 TONNES

JAN 24/WITH GOLD UP $10.10 TODAY: A HUGE CHANGE IN GOLD INVENTORY AT THE GLD: AN UNBELIEVABLE DEPOSIT OF 27.59 TONNES INTO THE GLD//INVENTORY RESTS AT 1008.45 TONNES

JAN 21/WITH GOLD DOWN $10.80 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 980.86 TONNES

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

CLOSING INVENTORY: 1014.26 TONNES

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

SLV

FEB 1/WITH SILVER UP 18 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 533.801 MILLION OZ

JAN 31/WITH SILVER UP 7 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1.202 MILLION OZ FORM THE SLV.//INVENTORY RESTS AT 533.801 MILLION OZ//

JAN 28/WITH SILVER DOWN 36 CENTS : NO CHANGE IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 535.003 MILLION OZ//

JAN 27/WITH SILVER DOWN $1.13 TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 535.003 MILLION OZ//

JAN 26/WITH SILVER DOWN 7 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 535.003 MILLION OZ//

JAN 25/WITH SILVER UP 10 CENTS TODAY: A HUGE CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 2.311 MILLION OZ INTO THE SLV////INVENTORY RESTS AT 535.003 MILLION OZ/

.JAN 24/WITH SILVER DOWN 48 CENTS TODAY: A MASSIVE CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 4.8 MILLION OZ INTO THE SLV////INVENTORY RESTS AT 532.692 MILLION OZ//.

JAN 21/WITH SILVER DOWN 41 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 527.792 MILLION OZ

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 MILLION OZ

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//

CLOSING INVENTORY: 533.801 MILLION OZ

PHYSICAL GOLD/SILVER STORIES

1.PETER SCHIFF

END

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

end

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

Fascinating: NY Fed has a second trading floor at the Chicago futures market….no doubt to influence gold and silver

(Pam and Russ Martens/Wall Street on Parade)

Pam and Russ Martens: NY Fed has second trading floor at Chicago futures markets

Submitted by admin on Mon, 2022-01-31 10:23 Section: Daily Dispatches

No wonder the U.S. Commodity Futures Trading Commission declines to answer, even for a member of Congress, whether the commission has jurisdiction over manipulative futures trading by or on behalf of the government or whether such manipulative trading is authorized by the Gold Reserve Act of 1934, as amended:

https://www.gata.org/node/19917

And no wonder the CME Group, operator of the U.S. futures market, gives volume trading discounts to governments and central banks for their secret trading in all futures markets:

https://www.gata.org/node/18925

But this market rigging is a prohibited subject with financial news organizations.

* * *

By Pam and Russ Martens
Wall Street on Parade
Monday, January 31, 2022

On January 11 Simon & Schuster released a new book on the Fed. It’s written by bestselling author and business reporter, Christopher Leonard. The title leaves little doubt about what the author has set out to prove: “The Lords of Easy Money: How the Federal Reserve Broke the American Economy.”

For those of us who have been scrutinizing the trading operations of the New York Fed for decades, with the appropriate amount of skepticism that is inexplicably missing among the mainstream press, Leonard delivers a bombshell on Page 242.

Leonard writes: “The conference room in the New York Fed was located just off the main trading floor, and its doors were open during meetings so people could quietly go in and out. The room was anchored by a large table, with a couch along the wall for staffers to sit with their laptops open and take notes. There was a set of large digital monitors hanging on one wall, one of which provided a live video feed from an eerily identical room in Chicago, in a Fed satellite office near the important Chicago Mercantile Exchange.”

What Leonard is describing is the Markets Group at the New York Fed, the only one of 12 regional Federal Reserve Banks to have its own trading floor; its own traders with Bloomberg terminals; its own speed dials to the major investment banks on Wall Street; and its own analysts that ferret out market-moving information from around the globe on a continuous basis. (Leonard was given an official tour of this area at the New York Fed on February 27, 2020, according to the “Notes” section of his book.)

What Leonard is suggesting on Page 242 is that the New York Fed’s trading floor is no longer just content to sit close to the New York Stock Exchange in lower Manhattan. The New York Fed’s Markets Group has decided to clone itself with another trading floor that sits close to the Chicago Mercantile Exchange where S&P 500 futures are traded, as well as other futures contracts. …

… For the remainder of the report:

The New York Fed Has Quietly Staffed Up a Second Trading Floor Near the S&P 500 Futures Market in Chicago

* * *

end

21 tonnes of gold has left the Federal Reserve Bank of NY. I will try and find out its recepient!

(Gold Reporter/Germany/GATA)

Gold Reporter: 21 tonnes of gold removed from New York Fed vault

Submitted by admin on Mon, 2022-01-31 13:04 Section: Daily Dispatches

From Gold Reporter, Germany
Monday, January 31, 2022

At the end of 2021, 21 metric tons of gold were withdrawn from custody at the Federal Reserve Bank of New York. It is as yet unclear who collected the gold. …

… For the remainder of the report:

Who pulled 21 tons of gold out of New York?

END

A no brainer: monetarymetals are the most undervalued assets.

(GATA)

Monetary metals are most undervalued assets, GATA chairman tells GoldSeek Radio

Submitted by admin on Mon, 2022-01-31 19:59 Section: Daily Dispatches

7:58p ET Monday, January 31, 2022

Dear Friend of GATA and Gold:

Fundamentals for the monetary metals couldn’t be better but the metals keep getting pounded down in the futures markets, GATA Chairman Bill Murphy tells GoldSeek Radio’s Chris Waltzek. Even so, Murphy adds, this makes the metals the cheapest assets in the world and excellent values for investment.

The interview is 11 minutes long and can be heard at GoldSeek here:

https://goldseek.com/article/goldseek-radio-bill-murphy-market-manipulation-makes-gold-silver-excellent-value

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

end

4.OTHER GOLD/SILVER COMMENTARIES

I would pay attention to this: Remember that Goldman will quarterback the new physical LME gold/silver contracts

Kelsey Williams

Goldman Still Looking for $2k Gold

By:Kelsey Williams

Feb 1, 2022, 07:52 CSTLast week Goldman Sachs revealed its latest projection for the gold price

“In a report published Thursday, the bank (i.e. Goldman Sachs) said that it is raising its 12-month price forecast to $2,150 an ounce, up from its previous target of $2,000. The bank also recommends buying December 2022 gold futures.” Kitco News 01/26/2022

Here is a similar news report from six months ago:

“In a situation of continuing global recovery and only moderate inflation, Goldman Sachs expects a gold price of US$ 2,000, which would imply an upside of about 10% from current prices.” Kitco News 07/06/2021

Six months earlier, Goldman was more optimistic

Goldman Sachs sticks to gold price target of US$ 2,300 for 2021:

“The global investment bank Goldman has reiterated its previous 12 month target of US$ 2,300 for the gold price.” . 11/17/2020

Finally, prior to that, is this Goldman Sachs projection from July 2020

Goldman Sachs raises the gold price forecast for the next 12 months from USD 2,000 to USD 2,300.

According to a team of analysts at Goldman Sachs, the global investment bank, the rise in the price of gold to new highs, which lately has outpaced gains in real interest rates and other alternatives to the US dollar, has been driven by “a potential shift in the U.S. Fed toward an inflationary bias against a backdrop of rising geopolitical tensions, elevated U.S. domestic political and social uncertainty, and a growing second wave of COVID-19 related infections.” 07/28/2020

At the time Goldman raised their projection for the gold price to $2300 oz, gold was already at $1958 oz. After hitting an intraday peak of $2060 oz. a few days later, the gold price quickly moved back under $2000 oz. and has not exceeded that price since.

Question: Why Is Goldman Still Looking for 2k Gold?

Goldman Sachs repeated projections for a future gold price at $2000 oz. or better have come after the gold price exceeded the expected target, rather than before. And the pattern is similar to that which occurred after the post- 2011 gold price peak of $1895 oz…

“The gold price should continue to climb in 2012… with the price forecast to hit $1,940 from today’s $1,607.”

Following that officious pronouncement, the gold price continued its decline to a low of $1049 oz. in December 2015 and did not reach the projected target until nearly five years later after that.

Why does Goldman persist in making predictions for a gold price that has already occurred?

Answer: It’s Part of the Game

It’s not just Goldman Sachs. Wall Street doesn’t like gold.

Financial advisors are in the business of managing money. So in order to satisfy the demand for gold-related investment vehicles, it has given us a plethora of stocks, mutual funds, ETFs, and other paper substitutes and products that supposedly represent the real thing.

Your broker or financial planner can easily incorporate these types of investments into your asset allocation model without too much trouble.

It boils down to marketing. It’s all about money under management.

Your broker or financial planner isn’t going to tell you to buy gold coins with 10-20 percent of your assets and take delivery of them. But he or she might tell you to put some of your dollars into a gold-related mutual fund or ETF.

How Goldman Sachs Really Feels About Gold

In late July 2020 during an interview with CNBC, the chief investment officer of private wealth management at Goldman Sachs made the following statement:

“Our view is that gold is only appropriate if you have a very strong view that the U.S. dollar is going to be debased. We don’t have that view… So all this excitement and brouhaha about gold is not something that we buy into.” Sharmin Mossavar-Rahmani

Somewhat ironically, Ms. Mossavar-Rahmani’s statement was made just after a team of commodity analysts at Goldman raised their 12-month forecast for gold to $2300 from $2000 (same projection cited previously in this article).

Is Ms. Mossavar-Rahmani not aware that the U.S. dollar has already been debased by ninety-nine percent? And, that gold at $2000 oz. (a one-hundred fold increase from $20 per ounce) already reflects that debasement and subsequent loss of US dollar purchasing power?

Gold Value Is Not About Price

Projections for the gold price by Goldman Sachs and other Wall Street banks have little value for investors and others.

Gold’s value is not about price. In fact, the price of gold tells us nothing about gold’s value. (see Gold And The Elusive Chase For-Profits)

The current gold price is merely a reflection of the accumulated loss in purchasing power of the US dollar.

Further higher gold prices will occur only after additional loss of purchasing power in the US dollar – over a longer period of time.Kelsey Williams is the author of two books: INFLATION, WHAT IT IS, WHAT IT ISN’T, AND WHO’S RESPONSIBLE FOR IT and ALL HAIL THE FED!

-END-

A SWIFT Ending!

Posted February 1st, 2022 at 9:05 AM (CST) by Bill Holter & filed under Bill Holter.

SWIFT is the U.S. clearing system for payments, both internally and globally. To this point in time, the entire world has relied on SWIFT to settle the vast majority of trade and transfer payments. It was created, administered, and controlled by the U.S. since 1973 (same year as the “petrodollar” was launched) and stands for Society for Worldwide Interbank Financial Communication.

A few years back, Washington began making threats versus Russia that they would be sanctioned and cut off from SWIFT. We said at the time and still maintain to this day that using SWIFT as a threat against Russia (or any nation for that matter) was a grave error. We posited that threatening Russia with a cutoff from SWIFT would force them to create their own system which would ultimately attract other trade partners as users. It seems this is exactly what has happened, yet no one in Congress seems to know? I say this because they now discuss “the mother” of all sanctions against Russia.

As a response to the last several years of threatened and actual sanctions, we believe Russia has prepared for this moment in at least two ways, (and probably more). We know Russia has sold off ALL of their US Treasury holdings and replaced them with other sovereign debt and increased their gold holdings. It is also believed they have created their own settlements system. Have they incorporated blockchain?

Also, much recent chatter has arisen re China working on and testing their own digital yuan currency. I would love to know if this would include gold somehow backing on a ratio basis? Should China come forth with a digital yuan (especially with gold backing), what would that mean to dollar hegemony? As an aside, what would it mean to the existing crypto world?

As for crypto, how can anyone with a straight face call anything that drops in value (versus unbacked fiat) by 50% in just 60 days? A “store of value” they told us? We claimed and maintain that cryptos had an absolutely perfect accounting system of strictly limited (in most cases) supply of “nothings”. A speculation where many millionaires and billionaires were created? Yes! A currency that would be used to transact and a sound store of value? LOL!

So here we are, watching the US poke the Bear in their own backyard and threatening them wait for it TO IMPLODE THE US DOLLAR by our own actions! Does Russia invade the Ukraine? I don’t know but my opinion is they do not need to for several reasons. All they need to do is sit back and wait for the idiots in Washington to throw the limp wristed punch of shutting them off from SWIFT. They will then have absolute cover for releasing and offering their own settlements system to the world?

They also have a second punch since they are Europe’s largest supplier for energy. Will the Europeans respond to Russia demanding to be paid via their own settlements system by saying “no, we would rather use the dollar so we will freeze and close down our factories”? Fat chance! Would these events also push China forward with a crypto yuan? Can you envision any other timeframe more favorable?

To wrap this up, sadly I believe the idiots in Washington are now too far down the road to back off and leave Russia, Russia, Russia alone. It is my opinion, Washington has their hands on the guillotine pin. The only problem though, is that it is the dollar itself strapped into the gallows, and the blade will come down directly on the U.S. Treasury! Should Washington move forward, they will give cover to any nation or even corporation who might like an alternative to the dollar. Which means less demand no matter how you slice it. Can anyone explain to me how the Treasury will finance multiple Trillion borrowing needs with dollar demand sinking like the Titanic? Anyone who answers “it doesn’t matter, the Fed will be the buyer of last resort”, has not been paying attention. I could say this is for all the marbles, but unfortunately the world does not play for marbles

Standing watch,

Bill Holter

Holter-Sinclair collaboration

END

5.OTHER COMMODITIES/COTTON

Next commodity to show big rises due to inflation is cotton. It has now hit a decade high amid the global deficit. Expect clothes prices to rise along with fashion

(zerohedge)

Inflation Comes For Your Closet: Cotton Prices Hit Decade High Amid Global Deficit

MONDAY, JAN 31, 2022 – 08:40 PM

The global fashion industry is on the rebound as BMO Capital boosted Under Armour’s rating to Outperform from Sector Perform. Fashion retailers breathe a sigh of relief as demand picks up but comes at a high price for consumers.

This year, about two-thirds of fashion executives expect to increase costs due to snarled supply chains. Average prices are expected to rise about 3% across all clothing and apparel, according to the State of Fashion 2022 report by the Business of Fashion and McKinsey & Co.

About 15% of respondents said clothing and apparel prices could jump by more than 10%.

Inflation in fashion hasn’t just been due to transportation bottlenecks and rising shipping costs but also rocketing commodity prices. Bloomberg reports cotton futures have soared to a decade high on Monday due to a “global deficit of the fiber squeezing mills holding huge short positions.”

March cotton futures in New York rose as much as 2% to $1.26 per pound, the highest since June 2011. Prices are up for the seventh straight quarter, the longest streak since 1959.

“Supply disruptions and soaring costs pushed the industry to draw on stockpiles, which have practically vanished at ICE Futures U.S., with higher prices unable to lure supplies into the exchange-tracked warehouses,” Bloomberg said.

High prices for the fiber indicate inflation is coming to shirts, blue jeans, dresses, sweats, and so much more.

Demand for cotton worldwide “is simply not being met,” said O.A. Cleveland, a consultant and professor emeritus at Mississippi State University.

“Industry group Cotlook on Friday shifted its global outlook for 2021-22 back to a deficit, the second shortfall in a row, citing diminished production in top exporter U.S. and India. More plantings in the coming season have been put into question by soaring costs for crop inputs including fertilizer,” Bloomberg continued.

Cleveland said the cotton dynamics are “extremely bullish,” and the “last time I recalled such a situation, I stopped forecasting futures prices once the market reached $1.50 a pound. Will the May or July futures price ascend to such a level? I do not know. This is a no man’s land.”

It’s still unclear how consumers will act when their favorite clothing brand prices continue to rise. But since clothes are considered discretionary spending, there will be a point where consumers will buy fewer of them due to higher prices.

6.CRYPTOCURRENCIES

Steve Brown..

end

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

ONSHORE YUAN: CLOSED XX

OFFSHORE YUAN: 6.3682

HANG SANG CLOSED

2. Nikkei closed UP 76.80 PTS OR 0.28%

3. Europe stocks ALL GREEN

USA dollar INDEX DOWN TO 96.30/Euro RISES TO 1.1266-

3b Japan 10 YR bond yield: RISES TO. +.183/ !!!!(Japan buying 100% of bond issuance)/Japanese yen vs usa cross now at 114.63/ 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:: 87.68 and Brent: 88.80–

3f Gold UP /JAPANESE Yen UP CHINESE YUAN: ON -SHORE CLOSED XX// 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 -.0.001%/Italian 10 Yr bond yield FALLS to 1.31% /SPAIN 10 YR BOND YIELD FALLS TO 0.74%…ITALIAN 10 YR BOND YIELD/GERMAN BUND: 1.31: DANGEROUS FOR THE ITALIAN BANKING SYSTEM

3j Greek 10 year bond yield RISES TO : 1.89

3k Gold at $1804.25 silver at: 22.89 7 am est) SILVER NEXT RESISTANCE LEVEL AT $30.00

3l USA vs Russian rouble;// Russian rouble UP 64/100 in roubles/dollar AT 76.69

3m oil into the 87 dollar handle for WTI and 88 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 114.63 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 .9209– as the Swiss Franc is still rising against most currencies. Euro vs SF 1.0376 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: 1.749 DOWN 3 BASIS PTS

USA 30 YR BOND YIELD: 2.078 DOWN 3 BASIS PTS

USA DOLLAR VS TURKISH LIRA: 13.38

Futures Reverse Gains As Nail-biting Volatility Enters February

TUESDAY, FEB 01, 2022 – 07:50 AM

World stocks began the new month on firmer ground, after a volatile January, as reassuring comments from Federal Reserve officials helped to calm rate-hike jitters even though US futures failed to extend recent gains. After closing out January with a furious two-day, dip-buying meltup thanks to a flood of inbound month-end rebalancing, US index futures briefly traded through Monday’s highs, backed by decent rally in European equities where financials outperformed, boosted by solid UBS earnings, before dipping lower as the volatility seen in past days lingered. At 7:00am ET, emini S&P futures traded 0.23%, or 10.5 points lower, Nasdaq futures were also red, some 31 points or 0.15% lower, and Dow futures dropped 0.2% as investors weighed cautious rate-hike commentary from Fed officials and awaited earnings from firms including Alphabet and General Motors. Treasuries climbed and the dollar weakened. Oil fell, but held close to seven-year highs.

Videogame makers were in focus after Sony said it will buy Bungie, the developer behind the popular Destiny and Halo game franchises, for $3.6 billion. In another busy day ahead for earnings, AMD rose in premarket trading amid expectations its results Tuesday will show market-share gains. Other notable premarket movers:

UPS (UPS US) rose 7.3% premarket as the postal firm benefited from higher prices and rising holiday deliveries to post profit that beat analyst estimates.
Spire (SPIR US) shares gain as much as 27% in premarket trading after the satellite-imaging and data company released preliminary 4Q numbers ahead of analysts’ targets and guided toward higher 2022 revenue.
Harley-Davidson (HOG US) shares have valuation support at current levels, while the market appears to be pricing in an overly negative outlook, Morgan Stanley writes, upgrading stock to equal-weight. Shares up 0.8% premarket.
Knightscope (KSCP US) declines 14% in premarket trading, set to come down from a high reached on Monday as retail investors piled into the security-camera and robotics company, tripping two trading halts along the way.

Earnings season has provided a healthy breadth of beats so far: of the 182 companies in the S&P 500 that have reported earnings so far this season, more than 82% have beaten or met,

“Investors continue to buy the dips almost everywhere this week, with market sentiment boosted by a strong earning season so far where most companies have beaten expectations,” says Pierre Veyret, technical analyst at ActivTrades. “Technically speaking, most indices have registered solid rebounds over major support zones and are now challenging key resistance levels.”

In a jawboning fest on monday, four Fed officials said they’ll back interest-rate increases at a pace that doesn’t disrupt the economy, calming markets unnerved by previous hawkish messages from the central bank. Investors are now debating whether the rally that pared the worst monthly rout in the S&P 500 since March 2020 will continue. They are also focusing on earnings releases to gauge the strength of the economic recovery.

“Good news is that some Fed officials are finally out trying to soothe investors’ nerves saying that they still want to avoid unnecessarily disrupting the U.S. economy,” Ipek Ozkardeskaya, a senior analyst at Swissquote, wrote in a note. “But what will really make the difference is the quantitative tightening and given the steep rise in Fed’s balance sheet since March 2020, even halting the growth would be an abrupt change.”

In Europe, the Stoxx Europe 600 Index rose 1%, led by financial services and basic-resource stocks. UBS shares surged 6% after the lender beat estimates. Telecoms were the only industry group in red. European tech stocks rallied again, with the Stoxx Tech Index rising as much as 2.1%, among the top-performing sectoral gauge in Europe. Sector added to 3.5% gain Monday, lifted higher by overnight rally in the U.S., with the Nasdaq 100 Index +3.4%. Semiconductor makers and pandemic winners lead gains, with BE Semi +4.5%, Deliveroo +3%, ASMI +2.8%, ASML +2.6% and Just Eat Takeaway.com +2.8%. Here are some of the biggest European movers today:

UBS shares gained as much as 7.5% in early European trading, the biggest intraday gain since April 2020, after the Swiss lender posted largely better-than-expected results and analysts cheered the new financial targets.
HeidelbergCement shares rise as much as 4.7% after the company reported preliminary 4Q revenue that Stifel analyst Tobias Woerner says was “reassuring.”
Faurecia shares rise as much as 4.4% as the shares resume trading after being suspended all of Monday ahead of the closing of the Hella acquisition. The deal is a key milestone that allows the French auto parts firm to start implementing synergies, says Citi analyst Gabriel Adler (buy).
Ubisoft shares rise as much as 3.7% in positive readacross after Sony said it will buy U.S. video game developer Bungie for $3.6b. The acquisition indicates the sector is consolidating, says Citi (buy).
Hexagon shares soar as much as 23%, the most since 2009, after it signs deal with a commercial truck maker to provide battery packs for electric heavy-duty vehicles.
Shares in U.K. clothing retailer Joules plunge as much as 34%, to the lowest since April 2020, after reporting that revenue and profit before tax for the 9 weeks to Jan. 30 fell short of the board’s expectations.
Saipem falls as much as 15%, extending Monday’s 30% plunge, as brokers including Mediobanca downgrade the oil drilling specialist after it warned on 2021 earnings and said it would hold discussions with creditors and shareholders for financing.

Earlier in the session, Asian stocks rose as the latest remarks from Federal Reserve officials helped ease fears of aggressive U.S. monetary tightening. The MSCI Asia Pacific Index added as much as 0.5%, with the information-technology and financial sectors providing the biggest boosts. Japan’s Keyence and Murata Manufacturing contributed most to the advance, with both releasing quarterly earnings results after market closed in Tokyo. Equity gauges in New Zealand and India led gains, with many markets in the rest of Asia shut for holidays. China, Hong Kong, South Korea, Singapore and Taiwan were among bourses closed for the Lunar New Year break. “Now that markets are finding calm, buying is kicking into individual stocks of companies that have reported solid earnings or are expected to,” said Shogo Maekawa, a strategist at JP Morgan Asset Management in Tokyo. Asian shares may extend gains if U.S. data this week on employment and ISM manufacturing don’t rattle the market, Maekawa added. Fed officials said they want to avoid unnecessarily disrupting the economy as they prepare to start raising rates, mitigating market concern over a 50 basis-point move in March. “You always want to go gradually,” Kansas City Fed President Esther George told the Economic Club of Indiana. Asia’s stock benchmark fell 4.4% in January, its biggest such drop since July, hit by concern that faster-than-expected U.S. rate hikes will cool the global economic recovery.

Japanese stocks pared large morning gains, with the Topix finishing little changed, as automakers slid. Chemical and machinery makers also dragged on the Topix, which wiped out a gain of as much as 1.3%. The Nikkei closed 0.3% higher, paring a 1.5% advance, with TDK and Shionogi the biggest boosts. Both gauges had risen about 3% over the previous two sessions. “There’s a lot of tussle between buyers and sellers due to month-end and month-start trading,” said Hiroshi Namioka, chief strategist at T&D Asset Management. “Shares of companies with robust earnings are being bought, but those without any specific leads to go on seem to be exposed to selling pressure.”

Indian stocks rose after the annual federal budget pledged to step up spending in a bid to support a business recovery in Asia’s third-largest economy. The S&P BSE Sensex climbed 1.5%, its biggest advance in a month, to 58,862.57 in Mumbai. The NSE Nifty 50 Index rose 1.4%. Fifteen of the 19 sector indexes compiled by BSE Ltd. rose, led by a gauge of metal stocks that jumped the most in six months. Finance Minister Nirmala Sitharaman’s strong push for infrastructure-led growth and investment centered around sectors like railways, roadways, logistics and energy will benefit most metal companies, according to Priyesh Ruparelia, a vice president at ICRA Ltd. A measure of capital goods companies also jumped the most in a year. The nation plans to boost capital spending by 35% to 7.5 trillion rupees ($100 billion) in the next financial year that starts in April in a bid to sustain a recovery in growth disrupted by the pandemic. “With growth-oriented focus intact in the budget, we expect economic and capital market buoyancy to remain,” said Vijay Chandok, managing director at ICICI Securities Ltd.

Waves of volatility have swept across markets after the Fed signaled swifter monetary-policy tightening to curb inflation than many had expected. Investors need to “get used to this up and down volatility” as there’ll likely be more of it, Nancy Davis, chief investment officer at Quadratic Capital Management, said on Bloomberg Television.

In rates, Treasuries bull flattened as spreads unwound a portion of Monday’s steepening move with yields richer by up to 3.5bp across long-end of the curve. US Treasury yields were richer by 2bp to 3.5bp across the curve with 2s10s, 5s30s spreads both flatter by almost 1bp each; 10-year yields around 1.75%, with bunds lagging by 1.5bp and gilts outperforming by 1bp in the sector. In European bonds, focus remains on the front-end of the curve as rate hike premium continues to build — German 2-year yields are cheaper by almost 4bp on the day, trading above the European Central Bank’s deposit rate for the first time since 2015. Gilts outperform in early London session. IG dollar issuance slate includes Kommuninvest $1b 2Y SOFR; two companies priced $1.8b Monday as sales activity continues to drop off in volatile backdrop.

In FX, Bloomberg Dollar Spot index falls 0.3%. NOK, CHF and SEK outperform in G-10, CAD and euro lag. The Bloomberg Dollar Spot Index slumped as the greenback weakened against all of its Group-of-10 peers. Gains were led by the Swiss franc, which advanced a second day as it rebounded after adverse month-end flows; Scandinavian currencies were also among the top gainers amid supportive risk sentiment. The euro headed for a third day of gains, boosted by an unwind of the latest rally for downside exposure through options; the common currency rose by as much as 0.3% to 1.1269, raising questions on whether its latest weakness was more down to month-end flows rather than hawkish Fed bets. French inflation rose 3.3% from a year earlier in January, a sharper gain than the 2.9% economists estimated following December’s 3.4% advance. The pound rallied against a broadly weaker dollar, with domestic focus remaining on the Bank of England’s meeting this week. Figures showed U.K. house prices registered their strongest start to the year since 2005, before mortgage data due later Tuesday. The Aussie reversed an earlier loss after the RBA said it’s ready to be patient on interest rates even as it ceased its bond-purchase program. Overnight- indexed swaps continued to price in four rate hikes by the central bank this year. The Kiwi also advanced, in part on purchases against Aussie post RBA. Japan’s bonds extended a decline to a fourth day amid growing speculation that the central bank will step in to slow a rise in yields. The yen gained for third day.

Crypto markets were varied in which Bitcoin traded sideways around 38.5k and Ethereum gained over 2%.

In commodities, crude futures fade a sharp drop. WTI finds support near $87 before recovering back on to a $88-handle. Brent trades flat near $89.20. Most base metals trade in the green; LME nickel rises 1.3%, outperforming peers, LME lead and tin lags. Spot gold rises roughly $10 to trade near $1,807/oz

U.S. economic data slate includes January Markit manufacturing PMI (9:45am), ISM manufacturing, December construction spending and JOLTS job openings (10am); while AMD, Alphabet, Electronic Arts, Exxon, General Motors, Gilead, PayPal, Stanley Black & Decker, Starbucks and UPS are among companies reporting results.

Market Snapshot

S&P 500 futures down 0.3% to 4,490.00
STOXX Europe 600 up 0.8% to 472.72
MXAP up 0.4% to 185.38
MXAPJ up 0.3% to 606.58
Nikkei up 0.3% to 27,078.48
Topix little changed at 1,896.06
Hang Seng Index up 1.1% to 23,802.26
Shanghai Composite down 1.0% to 3,361.44
Sensex up 1.3% to 58,793.71
Australia S&P/ASX 200 up 0.5% to 7,006.04
Kospi up 1.9% to 2,663.34
Brent Futures down 0.9% to $88.45/bbl
Gold spot up 0.5% to $1,805.93
U.S. Dollar Index down 0.16% to 96.38
German 10Y yield little changed at -0.01%
Euro up 0.2% to $1.1258
Brent Futures down 0.9% to $88.45/bbl

Top Overnight News from Bloomberg

Money markets are wagering on the BOE raising rates five times by 25 basis points and a move of that magnitude from the ECB by December. That spurred a renewed selloff in bonds across the continent on Monday, and challenges ECB policy makers including President Christine Lagarde who have pushed back against the idea of raising borrowing costs this year
Euro-area manufacturers are taking a more aggressive approach to price setting — another signal that inflation won’t slow quickly after stronger- than-expected readings from the region’s biggest economies. Output prices rose at the second-fastest rate on record in January, according to a survey of purchasing managers by IHS Markit released Tuesday. While there were some signs of supply- chain problems easing, robust demand allowed firms to pass on higher costs to customers
German joblessness fell at a much faster pace than anticipated in January as the economy comes to terms with coronavirus curbs to contain surging infections. Unemployment in Europe’s largest economy declined by 48,000, pushing the jobless rate down to 5.1%. Economists had forecast a drop of just 6,000
European natural gas prices plunged after Russian shipments via a key route crossing Ukraine rebounded. Futures slumped as much as 9.1% as deliveries into Slovakia through the Velke Kapusany interconnection point on the border with Ukraine returned to normal levels, according to data from grid operator Eustream
Russian President Vladimir Putin meets Tuesday with Hungarian leader Viktor Orban, his closest friend in the European Union, as Western countries continue their diplomatic press to deter Moscow from attacking Ukraine

A more detailed look at global markets courtesy of Newsquawk

Asian stocks were positive but with upside limited amid mass holiday closures for the Lunar New Year. ASX 200 (+0.5%) rose above 7,000 with the index further underpinned as the RBA stuck to a dovish tone. Nikkei 225 (+0.3%) was kept afloat after lower unemployment although retraced gains as JPY strengthened. Nifty 50 (+1.4%) outperformed as focus in India centred on earnings and the budget announcement.

Top Asian News

Europe Is Losing Nuclear Power Just When It Really Needs Energy
Winners and Losers in India’s Budget Aiming to Bolster Growth
Widespread Bullying, Harassment Detailed in Rio Tinto Report
India Plans Record Borrowing to Fund Modi’s Growth Ambitions

European bourses are firmer taking impetus from the holiday-thinned APAC handover and Monday’s US close; albeit, benchmarks are off best levels, Euro Stoxx 50 +1.0%. Sectors are all in the green though Telecom lags while Basic Resources, Banks and Tech do well amid base metals, UBS (+7.0%) earnings and the NQ/NXPI read-across respectively. Stateside, US futures are relatively contained but have moved directionally with European peers, the NQ remains the current modest outperformer.

Top European News

U.K. Mortgage Approvals Rise to 71k in Dec. Vs. Est. 66k
Slovenia Mulls Law on Swiss-Franc Loans Slammed by Lenders, ECB
Europe Is Losing Nuclear Power Just When It Really Needs Energy
Putin Meets Orban Amid Diplomatic Flurry: Ukraine Update

In FX, DXY sheds more Fed rate hike premium and month end rebalancing momentum. Franc rebounds firmly as yields recede and SNB President Jordan sets sights on keeping track of inflation. Sterling underpinned by risk appetite and firm UK macro releases. Kiwi turns table on Aussie after encouraging NZ trade data and RBA pledges patience on tightening after confirming removal of QE. Rouble on front foot ahead of call between Russia’s Foreign Minister Lavrov and US Secretary of State Blinken, but Lira lurching after Turkey’s manufacturing PMI slows to the brink of stagnation. BoJ is under less pressure to shift yield target than market thinks, sources cited by Reuters say. Sources say the central bank has many tools to combat rising yields; BoJ currently prefers market operations.

In commodities, WTI and Brent are pivoting the mid-point of ~USD 1.50/bbl ranges that have seen a test of yesterday’s trough for Brent at worst thus far. Total OPEC+ production was lower by 824k/BPD than the required production in December, via JTC cited by Energy Intel’s Bakr; overall compliance in December was 122%. Goldman Sachs, on OPEC+, sees growing potential for a faster ramp-up, given the pace of the recent rally and likely pressures from importing nations. Spot gold/silver are firmer picking up from the pressure seen in recent sessions. Though, gold remains near the USD 1800/oz mark and as such the 200-, 100- & 50-DMAs. The German government has insisted in talks with Western partners that any sanctions on Russia would allow a loophole for it to continue buying energy from Russia, according to WSJ sources.

US Event Calendar

9:45am: Jan. Markit US Manufacturing PMI, est. 55.0, prior 55.0
10am: Dec. JOLTs Job Openings, est. 10.3m, prior 10.6m
10am: Dec. Construction Spending MoM, est. 0.6%, prior 0.4%
10am: Jan. ISM Manufacturing, est. 57.5, prior 58.7, revised 58.8
- 10am: Jan. ISM Employment, est. 53.0, prior 54.2, revised 53.9
- 10am: Jan. ISM New Orders, est. 58.0, prior 60.4, revised 61.0
- 10am: Jan. ISM Prices Paid, est. 67.0, prior 68.2

DB’s Jim Reid concludes the overnight wrap

Since it’s the start of February today, we’ll shortly be publishing our monthly performance review looking at various financial assets for the month just gone. Undoubtedly the main theme in January was the continued hawkish pivot by a number of central banks in light of continued and persistent inflationary pressures, which led investors to price in a much more rapid hiking cycle over the months ahead. This was particularly the case from the Fed, where futures are now pricing in around two additional 25bp hikes in 2022 relative to the start of the month. That meant that multiple asset classes including equities, credit and sovereign bonds all lost ground, though oil was a notable exception amidst rising geopolitical tensions between Russia and the West over Ukraine. Full details in the report out shortly.

That theme of growing conviction in the likelihood of tighter monetary policy was evident in yesterday’s session too, where investors continued to dial up the probability of numerous rate hikes taking place this year. In fact, we crossed a number of fresh milestones yesterday, the biggest of which was that Fed funds futures priced in 5 full hikes this year for the first time at one point in trading, although by the close that had fallen back a tad to 4.94 hikes. Bear in mind it was only 2 weeks earlier that futures had moved to price in 4 hikes by the December meeting, but they now see 4 hikes being complete by the September meeting, so you can get a sense of how quickly things are shifting here.

Speaking of the Fed, we had our first rush of post-communications blackout speakers yesterday, hearing from regional Presidents Barkin, Bostic, Daly, and George. It was a pretty good sampling of the ideological hawk-dove spectrum on the Committee, and didn’t do much to dissuade the market from its recent shift towards pricing a tighter policy path.

Without much in the way of incremental information, Treasury yields were relatively calm, as the 2yr yield rose +1.6bps, while the 10yr yield very little changed, increasing +0.7bps to 1.78%. This led to a modest flattening of the 2s10s curve yet again, which closed beneath 60bps yesterday for the first time since October 2020. So still some way from inverting, but it was less than a year ago that the slope peaked at 158bps. Plus as we’ve been writing about recently, the 2s10s has historically flattened by an average of around 80bps in the first year during Fed hiking cycles since 1955. So it’ll be interesting to see how that plays out relative to the historic playbook assuming the hikes do start in March as anticipated.

Rising expectations about rate hikes led to a fresh selloff among sovereign bonds in Europe, where yields on 10yr bunds were up +5.5bps to close in positive territory for the first time since May 2019, at 0.01%. And there was a similar move higher elsewhere, with yields on 10yr OATs (+5.7bps) at their highest since April 2019, and those on 10yr gilts (+5.8bps) at their highest since February 2019. The major outperformer were BTPs, who saw a more subdued +1.2bps rise following the move to re-appoint Sergio Mattarella as President, a move which will allow the continuity of the Draghi government.

In Asia this morning, a number of markets are closed due to the Lunar New Year holidays, including in China and South Korea. However, the Nikkei (+0.26%) is trading higher, with tech stocks leading the way following their outperformance on Wall Street. Separately, Australia’s S&P/ASX 200 (+0.49%) is up after the Reserve Bank of Australia held its cash rate at +0.1% following a monthly policy meeting. In line with the move in a more hawkish direction that we’ve been seeing globally, the central bank announced it would terminate its bond purchase program on February 10 and indicated not to raise rates until inflation is within its target band. However, the decision was a dovish one in other respects, with the RBA remaining vague about the timing of liftoff, and saying in their statement that ending bond purchases “does not imply a near-term increase in interest rates”, and reiterating their message that they won’t raise rates “until actual inflation is sustainably within the 2 to 3 per cent target range.”

In terms of other economic news, the January manufacturing PMIs have begun to come out in Asia, with Japan’s (55.4) and Australia’s (55.1) readings both in expansionary territory. Otherwise, Japan’s labour market continued to show signs of progress in December, with the unemployment rate down to 2.7% (vs. 2.8% expected), while the jobs-to-applicant ratio improved to +1.16 in December from previous month’s +1.15. Looking forward, equity futures in the US are pointing to a weak start with those on the S&P 500 (-0.27%) moving lower.

Back to yesterday, and growing expectations of tighter monetary policy failed to stop further equity advances, with the S&P 500 advancing for consecutive days for just the second time this year, up +1.89%. Before you ask, there was a late afternoon rally in the New York session, but it was much smaller than in recent sessions, and the VIX fell -2.83ppts for the second straight session, down to 24.83. Nevertheless, that still leaves the index down -5.26% over January as a whole and marks its worst monthly performance since March 2020 at the height of the initial wave of the pandemic. Tech stocks were a particular outperformer yesterday, with the NASDAQ (+3.41%) recovering to avoid a -10% negative return for the month, having been on track for its worst monthly performance since 2008 before yesterday’s rally. Those gains were led by the megacap tech stocks, with the FANG+ index (+5.83%) seeing its best daily performance in over 10 months as all 10 companies in the index moved higher on the day. European indices put in a decent performance too, with the STOXX 600 up +0.72%.

In other news, the relentless march higher in oil prices continued, with Brent Crude (+1.31%) closing above $91/bbl for the first time since 2014, although this morning it’s since fallen back beneath $90/bbl again. As it happens, Brent ends the month as the top-performing asset in the main sample of our performance review, having achieved a gain of +17.33% since the start of the year. That comes ahead of the OPEC+ group’s meeting tomorrow in which they’ll make their latest output decision.

On the data side, the first look at Euro Area GDP in Q4 showed a +0.3% expansion (vs. +0.4% expected), though Italy’s Q4 growth came in slightly stronger than expected at +0.6% (vs. +0.5% expected). That’s a notable milestone for the Euro Area economy in that it’s the first quarter where GDP has exceeded its pre-Covid peak. Separately, the German inflation data for January showed the year-on-year number subsiding to +5.1% on the EU-harmonised measure, down from +5.7% the previous month and a second consecutive decline. However, that was still higher than the +4.3% reading expected, representing a big upward surprise, and our economists have lifted their 2022 headline CPI average inflation forecast to +4.2% in response (link here).

To the day ahead now, and data releases include the global manufacturing PMIs for January and the ISM manufacturing reading from the US. On top of that, there’s US construction spending for December and the JOLTS job openings for the same month. And over in Europe, there’s Germany’s retail sales for December and unemployment for January, France’s CPI for January, the Euro Area unemployment rate for December and UK mortgage approvals for December. Finally, today’s earnings releases include ExxonMobil, Paypal, UPS, Starbucks and General Motors.

3. ASIAN AFFAIRS

i)TUESDAY MORNING// MONDAY NIGHT

3 a./NORTH KOREA/ SOUTH KOREA

///NORTH KOREA

3B JAPAN

end

3c CHINA

CHINA/OLYMPICS

Not sure what China would do with athletes DNA???. But they can surely give false positives to the Americans and force them out of the games

(Li/EpochTimes)

CCP May Collect Top American Athletes’ DNA At Beijing Olympics, Experts Say

MONDAY, JAN 31, 2022 – 11:00 PM

Authored by Dorothy Li and Joshua Philipp via The Epoch Times (emphasis ours),

Sealed from the rest of Beijing in a “closed-loop” bubble, over 200 American athletes are receiving daily COVID screening for the Winter Olympics. But some experts worry that U.S. Olympians’ DNA might be collected by the Chinese Communist Party (CCP).Arena workers prepare the venue for hockey games at the National Indoor Stadium leading up to the 2022 Beijing Winter Olympic Games in Beijing, China, on Jan. 29, 2022. (Photo by Bruce Bennett/Getty Images)

Patricia Adams, executive director of Canada-based non-profit Probe International, said “it’s a very likely possibility” that the CCP will be collecting top-performing athletes’ DNA at the Games.

“They [CCP] are doing the testing every day … and [there’s] absolutely no oversight over the use of the products that they’re getting,” Adams said during a Jan. 26 webinar on EpochTV’s “Unmasking Communist China” program.

In the online event, Stephen Yates, chief executive of consultancy firm DC International Advisory, spoke of the threat posed by the Chinese regime’s mass collection of personal information and health data. U.S. officials and experts have previously sounded the alarm that Beijing is amassing a large database that includes Americans’ personal and health information, which could be used to enhance artificial intelligence systems and fields of medicine, as well as assist in espionage and military operations.

The danger, Yates said, lies in the CCP using the mass data set for unethical purposes.

“China has weaponized artificial intelligence and a lot of other studies of the human process in ways that civilized countries wouldn’t even allow, so we don’t have any way to really know what this dark window of the future might be,” he said.

According to Yates, CCP may use the massive data set to give their athletes a competitive advantage or increase opportunities for psychological warfare.

The Winter Olympics is set to open in Beijing on Feb 4. The diplomatic boycotts announced by the United States and a spate of other countries, which is meant to hold the communist regime accountable for its human rights violations in Xinjiang, don’t keep athletes from competing at the Games.

The U.S. athletes arrived in Beijing on the evening of Jan. 28, and were sent straight to hotels situated in a closed-loop system surrounded by wire fences. Everyone in the bubble can only leave via special vehicles, and staff in full protective suits carry out mouth swabs on them every day.A security guard stands guard at a hotel parking in Beijing on January 29, 2022. (KIRILL KUDRYAVTSEV/AFP via Getty Images)

In the online event, Adams suggested that the CCP may “get rid of an American who’s the likely winner of the gold” through what she described as “nefarious means using false positive COVID test.”

Beijing’s Olympic organizers on Jan. 29 denied reports that they may potentially manipulate COVID test results, saying that the tests are up to international standards, according to state media China Daily.

Adams said that “at the end of the day, it’s all being done by the Chinese government, and nobody really knows what’s going to happen to the data.”

She noted the problem is “nobody trusts the Chinese government.”

“The Chinese government has demonstrated to the world over and over and over again that they don’t follow rules. They follow their own rules. They don’t follow international rules. They don’t follow treaties that they’ve signed.”

The CCP’s known record of cyber espionage has led several countries, including the United States, UK, and Canada to tell their athletes to bring a burner phone for the Games. Cyber security experts warned that Beijing 2022, a compulsory health app for the Games, may spy on users through encryption flaws.

“I think that athletes are very, very nervous. And they’re not happy,” said Adams.

END

CHINA

end

4/EUROPEAN AFFAIRS

EUROPEAN/DEBT

How European Government Debt Grew During The Pandemic

(ZEROHEDGE)
A GOOD GLANCE AT HOW EUROPEAN DEBT INCREASED DURING THE PANDEMIC.

TUESDAY, FEB 01, 2022 – 02:45 AM

European government debt increased across the board during the pandemic, but as Statista’s Martin Armstrong shows in the chart below, the effects were felt a lot harder in some countries than they were in others.

The figures, compiled by the UK’s Office for National Statistics, reveal a 12.9 point increase across all EU countries.

Infographic: How European Government Debt Grew During the Pandemic | Statista

You will find more infographics at Statista

Ireland, in terms of general government gross debt, saw a percentage point increase of just 0.4 from the end of Q4 2019 to the end of Q3 2021. Spain, on the other hand, now finds itself with 26.3 p.p. more.

The UK, in comparison, recorded a change of 18.8 points. UK government debt now exceeds its GDP – 103.7 percent – and is the highest rate of the post-war era, far exceeding even the levels seen as a result of the 2008 financial crisis which peaked in 2014/15 at 84.9 percent of GDP.

end

ITALY/THE POLITICS

Mario did not get his coveted Presidency job.

What next…according to Tom Luongo

Is Mario Draghi No Longer Davos’ Superman?

TUESDAY, FEB 01, 2022 – 03:30 AM

Authored by Tom Luongo via Gold, Goats, ‘n Guns blog,

Italian politics is nothing if not entertaining. Unfortunately, given current circumstances that entertainment value is more akin to watching a slowly unfolding horror show rather than a good time at the circus.

Last week was dominated by the machinations for the election of a new president, which ended after eight rounds with incumbent Sergio Mattarella elected to another seven-year term at the spry age of 81.

Mattarella was supposed to retire.

It was supposed to be the ascendance to godhood for Prime Minister Mario Draghi who would replace Mattarella controlling the fate of Italian politics for the rest of the decade.

That did not materialize, because Draghi, despite the endless platitudes thrown around in the Western press, is hated inside Italy, and not just by the people he’s turned into second-class citizens, but by his fellow politicians.

Reports of Draghi pulling a Justin Trudeau (You need to translate this from Italian) and ducking out out of Parliament for the vote because of an illness is the height of Davosian bullshit. (click here for the final results)

Draghi had no real support within the parliament if it meant them having to deal with him for the next seven years.

Davos finally lost a big move in Italian politics from within the government for the first time in the last decade. They’ve proven adept at external manipulation and betraying the Italian people regardless of how they voted previously, but it looks like their typical top-down head-chopping approach to politics has finally backfired on them.

For the past seven years we’ve been treated to a masterful performance by Mattarella doing Davos’ bidding, inserting himself into the governing process where no Italian president has in the past.

He dragged his feet on allowing Lega and Five Star to even attempt to form a government in the first place after winning in 2017. Then he vetoed (with a very dubious exercise of his informal powers) their first offer of finance Minister, Paolo Savona, who was dead set on taking Italy out of the euro.

Since the emergence of a sincere populist wave across Europe which began a decade ago in places like Greece and Catalonia, Spain, Italian politics have been even more vituperative than they normally are and Mattarella has been the one holding things together for Davos these past few years.

When Lega’s Matteo Salvini made his big move back in August 2019 to force snap elections mid-term and failed, it set Italy on the path to where it was supposed to go this week — under the “steady hand” of Super “Whatever it Takes” Mario.

Salvini collapsed the fragile coalition with Five Star Movement hoping to force new elections because at the time Lega was polling north of 35% and could have brought a nearly unified populist government to Italy, kicking out the old guard represented by people like former Prime Minister PD’s Matteo Renzi.

Mattarella refused to allow new elections and eventually Five Star’s leader Luigi DiMaio betrayed his own voters by making a deal with Renzi to form another unstable coalition. This instability eventually ended with the formation of a technocratic, caretaker government with Salvini having to back Super Mario Draghi as Prime Minister, to lead the country during the upcoming Coronapocalypse, or face jail.

It was a brilliant piece of political maneuvering which cut the throats of both Five Star and Lega in the minds of Italian voters. Both Salvini and DiMaio were now seen as fake populists, willing to trade continued access to power for taking a principled stand.

Whether Salvini was complicit, inexperienced or just plain incompetent is irrelevant. He and Lega voted for Mattarella but refused to grant Draghi his coronation this week. He left the principled opposition to Georgia Meloni and the Brothers of Italy (FdL).

That’s led us to where we are today. A little less than eighteen months away from parliamentary elections in Italy the polls show no clear front-runner as Salvini’s Lega has lost the high ground to FdL now splitting the center-right vote.

That split has also stymied any further overall gains by the center-right — polling overall between around 45% for more than a year now — including Forza Italia (FI) with no clear majority coalition possible if any vote were held today.

But with opposition to Draghi’s implementation of the Green Pass, i.e. full blown travel papers, and turning the government apparatus against the unvaccinated in the most brutal way, there was no political will to promote him to President where he would wield even more power than as Prime Minister.

Because in Italy, the President has a bit more power than other European ‘heads of state.’ The president controls the military apparatus. So, it was clear that Davos was trying to engineer another ‘coup from the top’ like they’ve done in so many other places around Europe and the U.S.

Italy is a key member of the European Union and any threat to its continued membership is always met with murky backroom deals and the back-stabbing of Davos’ opponents. Italy simply cannot be allowed to assert its independence from the European project.

At least not while the current crop of pols lead the major parties and Italians begin taking their politics seriously and either vote these morons out or take more drastic measures.

So, while Bloomberg and the rest of the normie financial press are cheering an extension of the Draghi/Mattarella show in Italy, no one else should be.

Draghi was initially seen as a top contender for the job and made it clear he would be keen to become head of state. The former ECB president was thwarted by lawmakers in his own unity government who feared a return to political turmoil without Draghi at the helm.
The outcome could provide relief to investors as it reduces the chances of early elections and will let Draghi press ahead with his reform agenda until the next election, due in 2023.
Mattarella had tapped Draghi to lead the government amid political chaos at the start of the Covid pandemic. Parties across the ideological spectrum agreed to suspend their political jockeying and back Draghi.

Yeah, sure. If he was so keen to take the job why was he not present to lobby on his own behalf and why were there 721 blank ballots out of 1009 in the first round of voting?

So, where does this leave Italy today?

First, it means no real change for the rest of this year. Mattarella is old and infirm. And the word is that he took the job to get the country through next year’s parliamentary elections. At which point they will try to force Draghi on Italy again.

Good luck with that.

Second, it means that Draghi’s reign in Italy is quite weak. While the financial press has spun this as good for the markets because Super Mario means ‘stability’ or some other rotten nonsense, in the face of a Fed determined to end QE and raise rates that’s just a Jim Cramer sized dollop of cope while exit strategies are formulated in family offices all over Europe.

Third, it really means that Davos is losing control over places it’s supposed to have sewn up completely. COVID restrictions are being lifted all across the northern European states as the narrative will now shift away from the virus to Climate Change.

But those countries in heavy debt to the ECB and who could challenge the German-led EU order have to be crushed under their bootheel. So, don’t expect Draghi to let up here, no matter how weak his position is. Italian politicians ultimately voted for the status quo because of the need to secure the EU’s COVID relief funds to keep the country from imploding in the next few months.

That, however, is literally just borrowed time and the newly-revealed fragility in Rome only ups the pressure on the EU and the ECB to do something drastic soon.

Did anyone happen to notice the collapse of the euro post-FOMC? I sure did. That’s your canary in the coliseum.

To everyone still thinking U.S. finances are worse than Europe’s I’m seeing nothing but kryptonite for Super Mario when he returns from his bunker.

END

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

UKRAINE/RUSSIA/USA/ EU/UK/NATO

USA naval presence in the Black Sea more than doubled in 2021

(DeCamp/Antiwar.com)

US Naval Presence In Black Sea More Than Doubled In 2021

TUESDAY, FEB 01, 2022 – 06:30 AM

Authored by Dave DeCamp via AntiWar.com,

According to data compiled in a report by Stars & Stripes, US warships more than doubled their presence in the Black Sea in 2021 compared to the year before.

The report said US warships spent about 182 collective days in the Black Sea in 2021. Last year, Stars & Stripes reported that the US Navy spent 82 days in the Black Sea in 2020.

While the 2021 numbers were significantly higher than the previous year, they were still lower than 2014, when the US-backed coup in Kyiv led Russia to take Crimea. In 2014, US warships spent about 210 days in the Black Sea. But two years after the coup, the number was down to 58.

The recent increase of US and NATO activity in the Black Sea is viewed as a major provocation in Moscow and was part of the reason why Russia sent more forces to its bases in western Russia and on the Black Sea in Crimea, what the West portrays as a troop buildup along Ukraine’s border.

Still, defense pundits in think tanks tied to the US military establishment are arguing for a larger US naval presence in the Black Sea. Without it, they argue, “The result is an emboldened Russian President Vladimir Putin, who is orchestrating a stranglehold on Ukrainian ship traffic in the adjoining Sea of Azov and harassment of NATO ships in the Black Sea, said Foggo, now dean of the Arlington, Va.-based Center for Maritime Strategy.”

“He and other analysts say that regardless of the outcome of the current situation in Ukraine, the U.S. must take the lead in developing a NATO Black Sea strategy,” the report added.US Navy Black Sea exercises, file

Besides the naval presence, the US and its allies have also been deploying spy planes and bombers to fly over the Black Sea. Russian jets typically intercept the Western planes and escort them out of the area.

end

Looks like a “virtual” invasion rather than a real one coming:

(zerohedge)

Zelensky Signs Decree Adding 100,000 To Army As Virtual Ukraine Invasion Is Virtually Imminent

TUESDAY, FEB 01, 2022 – 12:27 PM

Despite for much of last week seeking to downplay Washington’s rhetoric of an “imminent” Russian invasion, given the panic it unleashed among the Ukrainian population, President Volodymyr Zelensky is now seeking to greatly expand his army, also a moment Kiev is using the opportunity to gain more US weaponry and money.

On Tuesday Zelensky signed a decree to increase the total size of the armed forces by 100,000 troops, and ordered a pay increase across the ranks over the next three years. Ironically he still sought to calm fears of a Russian military invasion, saying the decision is “not because we will soon have a war… but so that soon and in the future there will be peace in Ukraine.”Zelensky’s visit to front lines in Donbas last year: Ukraine President’s Office.

While Russia’s armed forces are commonly estimated at just under one million, Ukraine’s military is made up of about 250,000.

According to BBC, “Mr Zelensky told Ukraine’s parliament, the Rada, that he had signed a decree to increase the size of the Ukrainian army by 100,000 active soldiers, with the formation of 20 new brigades over three years while phasing out compulsory military service. Ukraine’s professional army is vastly outnumbered by Russia’s.”

Below is an infographic comparing the two militaries, clearly showing Russia’s overwhelming superiority in terms of equipment and forces, via BBC:

Meanwhile, UK Prime Minister Boris Johnson arrived in Kiev on Tuesday, ironically or perhaps “conveniently” at a moment he’s embroiled in political scandal and calls for his resignation amid ‘partygate’.

Johnson is said to be in Ukraine’s capital to vow a new pledge of £88m ($118m) to “promote stable governance and energy independence from Russia.” Earlier this month the UK was first out of the gate with frequent military flights delivering arms to Ukraine, believed to be mainly anti-tank and anti-armor missiles and systems.

Though Zelensky and his top officials have continued to say that the Russia threat is less than what the US and UK have been making it out to be, Washington has continued to appear more alarmed than Kiev itself.

For example US Ambassador to the United Nations Linda Thomas-Greenfield days ago alleged that Russia would have never amassed the amount of troops they have if they didn’t intend to use them against Ukraine. “We’ve seen the Russian playbook before. They are using disinformation. They’re encouraging Ukrainians not to worry about an attack, but we know that the attack is possible,” she told ABC’s “This Week.” She added: “You don’t amass 100,000 troops if you don’t have intentions to use them.”

But given that the world has now been hearing for weeks about the “imminent” Russian invasion that never seems to materialize, it’s at this point appearing more like a virtual Ukraine invasion is virtually imminent – to borrow a line from The Saker.

end

Israel/Russia

Israel in trouble as Russian army disrupts GPS systems in Israeli airspace and endangers flights at Ben Gurion

Special thanks to my daughter, Danielle for the following:

Tweet by Israel Radar on Twitter

Inbox

Israel Radar⁦‪@IsraelRadar_com‬⁩#Russia flexes muscles in Mideast: Russian army disrupts GPS systems in Israeli airspace, endangers flights at Ben Gurion int’l airport; Israel takes steps to neutralize electronic warfare as Moscow refuses request to stop citing defense needs (⁦‪@kann_news‬⁩) 2022-01-31, 1:40 PM

end

6// GLOBAL COVID ISSUES/VACCINE MANDATE ISSUES/

CORONAVIRUS/UPDATE/VACCINE MANDATE

Ivermectin has its terrific antiviral effects against not only Omicron but all other mutant strains

(Japanese Pharmaceutical Company, Kowa/EpochTimes)

Ivermectin Has ‘Antiviral Effect’ Against Omicron And All Other ‘Mutant Strains’ Of Covid-19

MONDAY, JAN 31, 2022 – 11:20 PM

A Japanese pharmaceutical company, Kowa Co, said on Monday that the drug ivermectin has an “antiviral effect” against Omicron and other Covid-19 variants.

The finding was made with Tokyo’s Kitasato University on a joint non-clinical research project, which has been testing the drug as a potential treatment for the disease, according to Reuters.

Kowa says that ivermectin showed the “same antiviral effect” on all “mutant strains,” including Alpha, Delta and Omicron. The company also noted that ivermectin suppresses invasion of the virus and inhibits its replication.

“[Ivermectin] is expected to be applied as a therapeutic drug (tablet) for all new coronavirus infectious diseases,” reads the report.

Of note, Reuters changed their original headline from “effective” against Omicron to having an “antiviral effect,” and corrected a statement that the finding occurred during “Phase III clinical trials.”

Ivermectin is at the heart of an ongoing ‘medical misinformation’ campaign surrounding podcaster Joe Rogan and several expert guests who have advocated for the use of the anti-parasitic drug as an early treatment option for Covid-19 patients. Rogan himself used ivermectin as part of a cocktail of treatments when he contracted Covid-19.

Controversy over free speech erupted last week after singers Neil Young and Joni Mitchell demanded that Spotify remove their music catalog unless Rogan was silenced.

Rogan responded to the drama on in a Monday Instagram video, in which he said he only seeks to have conversations on his podcast with people who have “differing opinions,” and that he isn’t “trying to promote misinformation.”

He noted that he’s booked experts from all sides, including CNN‘s chief medical correspondent Dr. Sanjay Gupta, Dr. Michael Osterholm, who is a member of President Joe Biden’s COVID-19 advisory board, and Dr. Peter Hotez from Baylor College of Medicine.

Rogan also pointed out that many previously-verboten Covid claims have turned out to be true.

According to ivmmeta.com, Ivermectin showed an average 64% improvement as an early treatment, a 39% improvement as a late treatment and an 83% improvement as a prophylaxis, across 77 studies.

As The Epoch Times notes;

Ivermectin has been used by the World Health Organization for over 30 years to treat parasitic infections. Volunteers have distributed the drug in African countries where it has been found to be extremely effective, said the Kowa report.

However, the treatment has been mired in controversy during recent times as the U.S. Food and Drug Administration (FDA) has not approved the use of ivermectin as a treatment for COVID-19, even though the drug is used in humans to treat a variety of conditions.

The FDA has refused to respond to a Freedom of Information Act request (FOIA) asking for details about any reports of side effects related to the use of ivermectin in treating COVID-19 while publicly denouncing its usage.

The federal government pays hospitals across the country to treat COVID-19 patients, but the payment is tied to approved methods, and ivermectin is not part of the protocol.

However, families desperate to save their loved ones are resorting to secretly sneaking the drug into hospitals as a last-ditch effort that often ends up helping the infected person recover.

All or part of 22 countries around the globe have approved the use of ivermectin in the treatment of COVID-19, based on multiple studies. Japan has not yet approved ivermectin for the treatment of COVID-19.

A bill has been presented to make New Hampshire the first state in the country to make ivermectin part of the approved COVID-19 treatments and offer it as an over-the-counter medication.

end

Majority of Canadians Want All COVID-19 Restrictions to End: New Poll

Inbox

https://www.theepochtimes.com/majority-of-canadians-want-all-covid-19-restrictions-to-end-new-poll_4248078.html

Cheers
Robert
end

Israel is in a big bug trouble!!

Special thanks to Chris Powell and my son for bringing the following to our attention!

From the Jerusalem Post today:
https://www.jpost.com/breaking-news/article-695149?_ga=2.151001082.2116721038.1643346260-1969581575.1579377799&utm

COVID-19 in Israel: 67,000 test positive, serious cases at all-time high

Number of daily cases decreased on Tuesday as number of serious cases spikes * Home Front Command limits PCR testing availability

By JERUSALEM POST STAFF Published: FEBRUARY 1, 2022 09:07
Updated: FEBRUARY 1, 2022 13:38

Technicians carry out a diagnostic test for Covid-19 in a lab at Leumit Health Care Services branch in Or Yehuda, on January 21, 2022.(photo credit: YOSSI ZELIGER/FLASH90)

A total of 67,580 new COVID-19 cases were recorded on Monday, the Health Ministry announced on Tuesday, marking a decrease from the previous day’s total of 74,312. There are currently 425,000 active cases in Israel.

The coronavirus cabinet is set to meet at 2 p.m. and will discuss the cancelation of the Green Pass.

The number of serious cases now stands at 1,084, an all-time high, at a 21.1% increase from the previous week, with 247 people on ventilators and 19 connected to ECMO machines. The positivity rate stands at 26.37%.

The R rate – which shows how the average number of new cases each virus carrier generates – is currently below 1, standing at 0.92. As the R rate decreases, so do the number of new daily cases since each person is on average passing the virus on to fewer people.

Starting on Tuesday, the PCR testing sites run by the Home Front Command will only be available to those 30 and older and high-risk groups.

There is currently 7170 medical staff either out sick or in quarantine due to the coronavirus. Herzog hospital team members wearing safety gear as they work in the Coronavirus ward of the Herzog Medical Center in Jerusalem, January 13, 2022. (credit: YONATAN SINDEL/FLASH90)

Clalit Health Services updated the number of serious and intubated patients within its network across Israeli hospitals.

At the Rabin Medical Center-Beilinson Campus in Petah Tikva, there are 115 coronavirus patients. 64 of them are in serious condition, with 15 intubated and one patient who recovered from COVID-19 connected to an ECMO machine. Three are also 18 cases of the flu.

At the Rabin Medical Center-Hasharon Campus in Petah Tikvah, there are 9 COVID-19 patients. Three of them are in serious condition.

The Interior Ministry permitted local authorities to conduct policy meetings virtually, as the number of serious COVID-19 cases in Israel soared on Tuesday.

The change, initiated in a series of policies by Interior Minister Ayelet Shaked was approved by the Knesset’s Internal Affairs and Environment Committee.

Defense Minister Benny Gantz praised the IDF for the initiative to distribute antigen test kits to children and encouraged the continued efforts to help Israel’s educational institutions ride out this wave.

Of those currently hospitalized in serious condition, 520 are vaccinated, 117 are partially vaccinated, 427 are unvaccinated, and the status of the remainder is unknown. The majority of serious cases are being reported in people age 60 and over.

642,137 people have been vaccinated for COVID-19 four times; 4,442,029 three times; 6,093,060 twice; and 6,691,151 have received at least one vaccine.

To date, 8,804 people have died of COVID-19 in Israel since the start of the pandemic.
—

Israel is in bug trouble

Inbox

There is a lot of vax death in Israel now. I’m pretty sure this is ADE. It is horrifying what Israel has done to its people. These stupid brainwashed idiots who believe their government and media
https://twitter.com/enemyinastate/status/1488306012478230534?s=21

VACCINE IMPACT

Vaccine Impact

Michael Every

on the major topics of the day

Michael Every…

It’s Shoe Time!

TUESDAY, FEB 01, 2022 – 09:48 AM

By Michael Every of Rabobank

It’s Shoe Time!

It’s “shoe time”! The obvious pun on “show time” stems from the UN Security Council debate on the crisis in Ukraine held yesterday. We did not get to see a Russian leader banging his shoe on the desk, but we did get to see:

The West accuse Russia of threatening Ukraine.
Russia declare the US has allowed “pure Nazis” to take over Ukraine. This shows Russian historical fears: yet note President Zelensky is Jewish. On said fears, the ‘problematic’ areas of Ukraine for Russia are partly so because of them having been part of the Polish-Lithuanian Commonwealth until 1793, and the country’s border having been shifted westwards after WW2, along with Poland’s. Europe tries to forget this bloody history: the US doesn’t seem to know it.
Russia warn “If our western partners push Kyiv to sabotage the Minsk agreements, something that Ukraine is…willingly doing, then that might end in the absolute worst way for Ukraine. And not because somebody has destroyed it, but because it would have destroyed itself and Russia has absolutely nothing to do with this.”; and
The Russian UN delegate then walk out without even hearing what Ukraine had to say.

Against that backdrop it is perhaps no great loss that British PM BYO was unable to take a scheduled call with Russian President Putin because he was too tied up with the release of the Gray Report on No. 10 parties, which pointed out unacceptable leadership behavior, law-breaking, cover-ups, and excessive alcohol consumption. (Which there is no evidence of at all in the UK government, honest…doesn’t the clip remind you of a certain ‘Fast Show’ family with a drinking problem?). PM BYO is off to Ukraine today instead, where the allegations made in the Gray Report are called a normal working Tuesday. French President Macron did manage to hold another call with Putin yesterday: but he isn’t going to Ukraine, and neither are French weapons.

Clearly, geopolitical tensions, like blood alcohol levels, are rising, and the trees that have been climbed look harder and harder to climb down from: anyone hoping this can be achieved needs to first ask if those involved know how to climb much at all.

To underline this key point, Iran nuclear talks are “in the final stretch,” and “can’t go forever,” according to a senior US official, who adds “We will know sooner rather than later whether we are back in the JCPOA…or whether we’re going to have to face a different reality and reality of mounting tensions and crises.” We have heard that before endlessly as Iran has continued to work towards threshold nuclear status. Guess who the US is leaning on to help get a deal over the line? Russia and China. Against that backdrop, the White House has made another geopolitical decision that underlines the clear links between security and trade deals and the less clear links between the US and those who understand the Middle East, at least in the eyes of critics. Specifically, the US is to designate Qatar as a Major Non-NATO Ally (MNNA).

This previously mooted security move is tied to the sudden US scramble to try to find a massive new source of natural gas to pump to Europe should Russian energy supplies be cut off by either war, Russian action, or Western sanctions. Qatar is already home to the largest US naval base in the region. Moreover, one could see it as a statement of intent towards the US security umbrella in this unstable energy-rich focal point.

Except, as this story reiterates, Qatar is hardly pro-US in the broader sphere. It leans pro-Iranian; it has seen such a deep spat with the Saudis and UAE that they considered digging a moat around it; Qatar funds the anti-Western Muslim Brotherhood; it funds Hamas (and there are darker allegations regarding Syria); and it bailed out Turkey even when Ankara was acting in a manner some in the US regarded as detrimental to the long-run stability of NATO.

Moreover, other Middle East powers could be seen as better non-NATO ally candidates, especially if it is a case of ‘them or us’. Jordan, Kuwait, and Bahrain are already in, but Saudi Arabia isn’t – and it is not just building green white elephants while the US is only jawboning about doing so, but is allowing inbound tourism, and even hosting raves, to try and get the White House to notice there is more to it than just cutting up journalists in embassies. The very-Western UAE, which just hosted the Israeli president (another MNNA), is being hit by missile strikes from the Iran-backed Houthis the US removed from their designated terror list as soon as the Biden administration took office, and which they are now tut-tutting for their behavior.

What is the US plan, presuming there is one? To not fill the Russian energy gap to the EU itself, but get Qatari LNG northwest by tanker? (Note Germany is now talking about building “one or more” new LNG terminals.) Assuming Qatar can fill that growing gap, as Europe’s own gas fields dwindle or are turned off, that involves the need for a calm Middle East? Ah, so logic therefore says the US needs a deal with Qatar’s close neighbor Iran! Except Middle East critics allege an Iran deal would see it try to expand its influence further (see the Houthis, for example); that Sunni powers might push back; and that Israel has made crystal clear it won’t be bound by it regardless. Plus, Iran is openly pro-Russia and China, not America, so why would they help the US out if it hurts Russia? And meanwhile, country after country along the maritime route from Qatar to Europe are shifting closer to Russia, or China, or Iran, or Turkey, not the US.

See what I mean about not being able to climb, or at least climb down? It’s enough to make you not just want to bang your shoe on the table, but to hurl it at someone in a D.C. think-tank. To put the boot in, you know who else was listed as a MNNA last year? Afghanistan.

I would imagine at this stage readers are either frustrated or exhausted, or both. Welcome to my world! The key implications for markets are this though:

Geopolitics is getting messier by the day, with far larger volatility implied across markets.
The US dollar is going to hold up well structurally regardless. Indeed, if you want to read a sensible think-tank report that underlines arguments made here for years, make it “Ukraine and Dollar Weaponization”. In short, even if the US drops a financial nuke on Russia it will push the greenback higher in the near term. Longer term is a different argument – but really means long.

Cyclically, the strong dollar argument is less clear. Indeed, at the sideshow of the Fed, Bostic was forced to walk back his 50bp March hike threat after the market threw shoes at him. As I was saying yesterday, it’s one thing to pretend you have a plan and talk tough. It’s another to actually know what’s going on and to have earned respect.

On which note, today is the RBA meeting, against the backdrop of a 0.8% m/m increase in house prices and a 4.4% jump in home loans vs. -0.4% consensus – although retail sales fell 4.4% as everyone saved for that mortgage. (Yes, the housing ‘wealth effect’ only works if you borrow against it, not if you have to defer all other spending to afford one.) The expectation is the RBA will drop QE –to what kind of chaos this time?– and the market also looking for signals over how long it will be until the inevitable first U-turn rate hike is made.

end

7. OIL ISSUES

8 EMERGING MARKET& AUSTRALIA ISSUES

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

NEW ZEALAND

How stupid can one country get: A pregnant reporter is forced to stay in Kabul as New Zealan denies her entry duie to COVID protocols

(zerohedge)

Pregnant Reporter Forced To Stay In Kabul After Home Country Of New Zealand Denies Her Entry Due To COVID Protocols

MONDAY, JAN 31, 2022 – 08:00 PM

Pregnant 35 year old reporter Charlotte Bellis is not being allowed to return home from Afghanistan to her home country of New Zealand because of the archipelago’s strict Covid-19 protocols.

She had been covering “the difficult conditions mothers and babies face” in the country, and has now herself been forced to take up shelter in Kabul, according to AP. She is 25 weeks pregnant and has been vaccinated three times.

She was working as an Afghanistan correspondent for Al Jazeera, where she resigned in November because it is based in Qatar, where “it is illegal to be pregnant and unmarried in Qatar”.

She then went o Belgium to try and get residency, but the length of time it would have taken her to get in would have left her visa to expire. She then returned to her partner, who is a freelance photographer that has lived in Afghanistan for two years, figuring she could fight to get home using Kabul as a “home base”.

She had considered hopping from country to country on tourist visas until she had her baby, but couldn’t spend on the jet-setting and hotels that would be necessary. She says she is giving herself until she is 30 weeks pregnant to try and engineer a solution from Kabul.

“I am giving myself to the end of February,” she said. “She will still have more than a month left on her Belgium visa so that she can re-enter the country” at that time, AP reported. Photo: The Guardian

“Each day is a battle,” she told AP this weekend. “This is ridiculous. It is my legal right to go to New Zealand, where I have health care, where I have family. All my support is there.”

After she wrote about her plight to return home, New Zealand’s COVID-19 Response Minister Chris Hipkins reportedly asked officials if they had followed protocol in her case and found that her situation appeared to “warrant further explanation.”

She has a lawyer than has submitted over 60 documents to New Zealand’s government to try and get her home, but they have been rejected twice.

On Sunday, she received a response from the New Zealand government telling her that her pregnancy didn’t meet the criteria of “threshold of critical time threat.”

“If I don’t meet the threshold as a pregnant woman then who does?” she concluded.

Interestingly enough, she said she was welcomed back to Kabul by the Taliban. She checked with them to make sure it was okay for her to come back despite the fact that she was pregnant and unmarried.

“I appreciate this isn’t official Taliban policy, but they were very generous and kind. They said ‘you are safe here, congratulations we welcome you’,” she told AP.

END

AUSTRALIA

Australia protesters gather in front of Australian Parliament in solidarity with Ottawa truck convoy

(Teng/EpochTimes)

Protesters Gather In Front Of Australian Parliament In Solidarity With Ottawa Truck Convoy

MONDAY, JAN 31, 2022 – 09:00 PM

Submitted by Daniel Teng of The Epoch Times

Hundreds of protestors have gathered in front of Australia’s Parliament House in solidarity with the massive Convoy to Ottawa that converged on the Canadian capital around the weekend of Jan. 29.

Calls for a similar movement have been echoing Down Under for days, and on Jan. 31, a crowd organised under a “Convoy to Canberra” campaign gathered in front of the national legislature, according to videos circulating on social media.

The crowd can be heard chanting, “What do you want? Freedom! When do we want it? Now!” One individual addressed the crowd saying they had “every right to be here peacefully.”

“They have told us that they have passed the message on that we demand that a representative of this Parliament comes out and addresses the people of Australia and our demands,” he said in a video circulating online.

Social media has been awash with footage of drivers making their way to the Australian capital. The grassroots movement has begun gathering steam as a four-day-old GoFundMe campaign already garnered AU$167,539 in donations, as of Jan. 31.

According to the ABC, the funds have been frozen by the website until details are provided regarding how the organiser will disperse them.

A similar issue occurred with the Canadian protest when GoFundMe froze access to CA$4.5 million in funds. Those funds have since been released.

U.S. truckers are now planning their own version of the protest from California to Washington D.C.

The movement, which has seen thousands to tens of thousands of truckers mobilise, is in response to ongoing vaccine mandates and harsh government-mandated restrictions.

In Australia, mandates have been widely enforced across the country with largely bipartisan support politically and from the business and medical community; it has, however, remained a contentious issue.

On Jan. 22, protests broke out across Australia’s major capital cities with government-mandated restrictions.

Vaccine developer Nikolai Petrovsky has criticised the mixed government messaging on the benefits of the jab, saying it only protects individuals and does not stop transmission of the virus—undermining the reasoning for mandates.

“Every individual should be making decisions about their own health, and it is completely inappropriate to demonise or suggest someone who’s unvaccinated is in any way different to anyone else,” the lead researcher behind Spikogen told The Epoch Times.

end

VENEZUELA

SPECIAL THANKS TO G. FOR SENDING THIS TO US;

Inflation in Venezuela is so bad right now, people are literally throwing away cash likes it’s garbage. As of last week, $1 USD is 463,000 Bolívars !!

Inbox

https://twitter.com/xdc_news/status/1488252447596453896 put this URL in your browser. Gijs

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

Euro/USA 1.1266 UP .0037 /EUROPE BOURSES //ALL GREEN

USA/ YEN 114.63 DOWN 0.483 /NOW TARGETS INTEREST RATE AT .11% AS IT WILL BUY UNLIMITED BONDS TO GETS TO THAT LEVEL…

GBP/USA 1.3488 UP 0.0044

Last night Shanghai COMPOSITE CLOSED LUNAR HOLIDAY

Hang Sang CLOSED//LUNAR HOLIDAY

AUSTRALIA CLOSED UP .61% // EUROPEAN BOURSES OPENED ALL GREEN

Trading from Europe and ASIA

I) EUROPEAN BOURSES ALL GREEN

2/ CHINESE BOURSES / :Hang SANG CLOSED LUNAR HOLIDAY

/SHANGHAI CLOSED HOLIDAY

Australia BOURSE CLOSED UP 0.61%

(Nikkei (Japan) CLOSED UP 76.50 PTS OR 0.28%

INDIA’S SENSEX IN THE GREEN

Gold very early morning trading: 1807.40

silver:$22.97-

USA dollar index early TUESDAY morning: 96.30 DOWN 24 CENT(S) from MONDAY’s close.

THIS ENDS TUESDAY MORNING NUMBERS

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

And now your closing TUESDAY NUMBERS 1: 00 PM

Portuguese 10 year bond yield: 0.69% UP 3 in basis point(s) yield from YESTERDAY/

JAPANESE BOND YIELD: +0.182% UP 0 AND 6/10 BASIS POINTS from YESTERDAY/JAPAN losing control of its yield curve/

SPANISH 10 YR BOND YIELD: 0.78%// UP 5 in basis points yield from yesterday.

ITALIAN 10 YR BOND YIELD 1.35 UP 5 points in basis points yield from yesterday./

the Italian 10 yr bond yield is trading 57 points higher than Spain.

GERMAN 10 YR BOND YIELD: RISES TO +0.037% IN BASIS POINTS ON THE DAY//

THE IMPORTANT SPREAD BETWEEN ITALIAN 10 YR BOND AND GERMAN 10 YEAR BOND IS 1.39% AND NOW ABOVE THE 3.00% LEVEL WHICH WILL IMPLODE THE ENTIRE ITALIAN BANKING SYSTEM. AT 4% SPREAD THERE WILL BE A HUGE BANK RUN…

END

IMPORTANT CURRENCY CLOSES FOR TUESDAY

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

Euro/USA 1.1246 UP .0016 or 16 basis points

USA/Japan: 114.71 DOWN 0.412 OR YEN UP 41 basis points/

Great Britain/USA 1.3517 UP 74 BASIS POINTS

Canadian dollar UP 31 pts to 1.2685

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

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

THE USA/YUAN OFFSHORE: (YUAN CLOSED (DOWN)..6.3725

TURKISH LIRA: 13.38 EXTREMELY DANGEROUS LEVEL/DEATH WISH/HYPERINFLATION TO BEGIN.

the 10 yr Japanese bond yield at +0.182

Your closing 10 yr US bond yield UP 2 IN basis points from MONDAY at 1.801% //trading well ABOVE the resistance level of 2.27-2.32%) very problematic

USA 30 yr bond yield: 2.132 UP 2 in basis points

Your closing USA dollar index, 96.44 DOWN 10 CENT(S) ON THE DAY/1.00 PM/

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

London: CLOSED UP 71.47 PTS OR 0.96%

German Dax : CLOSED UP 148.19 points or 0.96%

Paris CAC CLOSED UP 100.29PTS OR 1.43%

Spain IBEX CLOSED UP 113.90PTS OR 1.32%

Italian MIB: CLOSED UP 410.84 PTS OR 1.53%

WTI Oil price 87.86 12: EST

Brent Oil: 88.98 12:00 EST

USA /RUSSIAN / RUBLE RISES: 76.90 THE CROSS LOWER BY 42 RUBLES/DOLLAR (RUBLE HIGHER BY 42 BASIS PTS)

GERMAN 10 YR BOND YIELD; +.037

CLOSING NUMBERS: 4 PM

Euro vs USA: 1.1267 UP .0038 OR 38 BASIS POINTS

British Pound: 1.3527 UP .0078 or 78 basis pts

USA dollar vs Japanese Yen: 114.23 DOWN .386

USA dollar vs Canadian dollar: 1.2684 DOWN .0032 (cdn dollar UP 32 basis pts)

West Texas intermediate oil: 88.22

Brent: 89.17

USA 10 yr bond yield: 1.800 UP 2 points

USA 30 yr bond yield: 2.125 UP 2 pts

DOW JONES INDUSTRIAL AVERAGE: UP 273.38 PTS OR 0.78%

NASDAQ 100 UP 89.62 OR 0.60%

VOLATILITY INDEX: 21.96 DOWN 2.87 PTS (DOWN 11.56%

GLD/NYSE CLOSING PRICE $168.23 UP $0.14 OR 0.08%

SLV/NYSE CLOSING PRICE: $20.74// UP $.14 OR 0.67%

end)

USA trading day in Graph Form

Stocks Shrug Off Bullard, Bad-Data, & ‘BBB’ Bust As Dollar Drops

TUESDAY, FEB 01, 2022 – 04:00 PM

Another day, another disappointing macro data point with manufacturing growth slowing more than expected and inflation higher than expected in this morning’s PMI/ISM data (while EU unemployment fell to a record low – yea really)…

Source: Bloomberg

Sen. Manchin’s comments that Build Back Better is dead spooked stocks after the usual post-opening-plunge dip-buying fest, and sentiment was also not helped by St.Louis Fed’s Jim Bullard reprising his role as ‘bad cop’ noting that QT could start in Q2 and 5 rate-hikes this year is ‘a good bet’…

1430ET BULLARD: I DON’T THINK A 50 BASIS POINT INCREASE REALLY HELPS US RIGHT NOW
1432ET BULLARD: I THINK MARKETS PRICING IN FIVE HIKES THIS YEAR “IS NOT TOO BAD A BET”
1438ET BULLARD FAVORS BEGINNING FED B/SHEET RUNOFF IN SECOND QUARTER
1443ET BULLARD: FED B/SHEET RUNOFF CAN BE FASTER THAN LAST TIME AROUND

STIRs were unmoved by Bullard’s hawkishness… given that they are already there…

Source: Bloomberg

A last-hour panic-bid lifted all the majors into the green on the day with Small Caps outperforming

Was the Build Back Better and Macro data ‘bad news’ just bad enough to be good?

Small Caps gains managed to erase all the post-FOMC losses finally (rest of majors are already well above that level)…

The Dow and S&P rallied back above their 200DMAs. The Dow surged up to its 100DMA…

XOM soared today after earnings to its highest since April 2019…

Shorts were squeezed once again

Leaving dip-buyers rejoicing…

VIX was clubbed like a baby seal, back to a 22 handle, as panic hedges were puked…

The belly of the curve underperformed today but overall – despite some whipsawing – the bond market ended the first day of Feb relatively quietly…

Source: Bloomberg

For context, the curve is still dramatically flatter post-Fed with 30Y practically unchanged while 2Y yields are up 15bps…

Source: Bloomberg

The dollar continued to slide, almost erasing all of the post-FOMC spike gains…

Source: Bloomberg

Cryptos were relatively quiet today with bitcoin very marginallyhigher and Ethereum outperforming…

Source: Bloomberg

XOM soared today despite oil prices actually closing lower, with WTI chopping around $88 ahead of tonight’s API inventory report…

Gold pumped and dumped to start February but ended back above $1800…

Finally, this morning’s disappointing ISM data suggests cyclicals have a long way to go still relative to defensives before reality dawns once again…

Source: Bloomberg

And longer-term moves (of more than an hour maybe?) will likely care about the resumption of earnings revision breadth’s downtrend…

And that fun-durr-mental weakness is happening as the market’s main pillar of support – an ever-expanding Fed balance sheet – is about to reverse.

I) MORNING/AFTERNOON TRADING/

II) USA DATA

4.6 million more job openings than unemployed.

(zerohedge)

Labor Insanity: There Are Now A Record 4.6 Million More Job Openings Than Unemployed Workers

TUESDAY, FEB 01, 2022 – 10:29 AM

After several months of speculation that the US labor market had finally reached its absolute peak with the number of job openings drifint around 10-11 million, today the BLS restarted the debate whether we have seen the worst of the labor shortage when it reported that one month after what last month was the biggest drop since the start of the pandemic (since revised to a more modest number), in December the number of job openings once again jumped, rising by 150K to a near record 10.925 million, smashing expectations of a decline to 10.3 million and just below the July all time high of 11.1 million.

Looking at the details, job openings increased in several industries with largest increases in accommodation and food services (+133,000), information (+40,000), and nondurable goods manufacturing and state and local government education (+31,000 each). Job openings decreased in finance and insurance (-89,000) and in wholesale trade (-48,000).

What we find far more remarkable, however, is that amid the continued tightening in the labor market, the bump in job openings meant that there was a new record, or 4.6 million, more vacant jobs than unemployed workers in December, confirming that the US labor market remains woefully, perhaps irreparably cracked.

And with far more job openings than unemployed workers, this meant that in December there were again less than 1 unemployed workers – a record low 0.644 to be exact – for every job opening, down from 0.6511 in November, from 0.6689 in October and down from a record high 4.6 at the peak crisis moment last April.

Offsetting the jump in job openings in December, we saw a modest drop in hiring: according to the BLS, hiring declined by 333K to 6.263 million, with the largest number of hires declining in professional and business services (-159,000).

One last observation comes from the December quits rate: after the number of Americans quitting their job hit an all time high 4.527 million (revised down to 4.499 million), it dipped modestly in December to 4.338 million, which nonetheless was the third highest print in series history.

The quits rate of 2.9%, dipped from a record high 3.0%, with the highest rates in leisure/hospitality (5.8%), trade/transport (3.8%), and professional/business services (3.6%) while among lowest are mining/logging (1.7%), financial activities (1.5%), and government (1%). Quits decreased in health care and social assistance (-89,000), accommodation and food services (-64,000), and construction (-44,000). Quits increased in nondurable goods manufacturing (+19,000)

As a reminder, this “take this job and shove it” indicator is generally seen as a real-time proxy of how marketable employees think they are, as they tend to quit jobs and look for higher paying occupations when the job market is red hot. And since it tends to lag peaks in job openings modestly, the dip in quits – which however remained just shy of all time highs – was probably not all that surprising.

end

U.S. factories grow at slowest pace in 14 months amid omicron wave, ISM finds

Feb. 1, 2022 at 10:10 a.m. ET

MarketWatch

Supply bottlenecks and high prices slowly starting to ease

The numbers: The closely followed ISM barometer of manufacturers slipped to a 14-month low of 57.6% in January as a torrent of omicron cases thumped the U.S. economy and shortages of labor and supplies hindered production.

Economists polled by The Wall Street Journal forecast the index to decline to 57.7% from 58.8% in December. Any number above 50% signifies growth.

Although the index is still quite strong historically, it’s fallen three straight months.

The good news? Orders and production are still quite robust, a sign of steady customer demand.

The report, compiled by the Institute for Supply Management, is seen as a mirror of the health of the U.S. economy.

Big picture: The U.S. suffered another blow from the coronavirus, but cases are tumbling and the economy has shown great resilience during the pandemic. Business is likely to pick up again soon.

How fast will depend on how quickly the gears of the economy get unstuck and inflation begins to wane.

END

US Manufacturing Weakens More In Jan: Job Creation Crashes As Prices Paid Spikes

Zero hedge on the above data!

(zerohedge)

TUESDAY, FEB 01, 2022 – 10:08 AM

With US macro data serially disappointing this year so far, analysts expected both Markit PMI and ISM surveys of the manufacturing sector to show further slowing in January.

January Markit US Manufacturing PMI fell from 57.7 in December to 55.5 at the final print of January (very slightly higher than the flash PMI print of 55.0) – that is the weakest print since Oct 2020.
January ISM US Manufacturing fell from 58.8 to 57.6 (very very salightly better than the 57.5 expected) – that is the weakest since Nov 2020.

Source: Bloomberg

Output and new order growth slowed in January, amid supply and labor shortages; and in another poor sign ahead of Friday’s payrolls data, Markit notes that the rate of job creation eases to softest in 18-month sequence of growth.

That implies a contraction in manufacturing jobs in January.

Panellists also frequently mentioned that growth of employment was hampered by challenges retaining staff and labor shortages.

Chris Williamson, Chief Business Economist at IHS Markit said:

“The Omicron outbreak has hit manufacturing hard, exacerbating existing headwinds by subduing demand, creating further supply chain issues and causing widespread staff shortages, often through absenteeism due to the surge in COVID-19 infections. The steep downturn in the survey data are indicative of manufacturing production falling in January.
“However, the overall impact on supply chains from Omicron has been less marked than in prior covid waves, and raw material price pressures have come down as the global supply crunch appears to be improving. Hence manufacturers are upbeat about the outlook, with future output expectations rising to the highest for over a year to suggest that the current downturn may prove short-lived.”

Most notably however was the major rebound in ISM Prices Paid index – which has been closely watched for signs that he inflation wave is rolling over.

ISM Prices Paid surged from 68.2 to 76.1 (with expectations of a further small decline to 67.0), and New Orders also slowed to their weakest since June 2020.

Source: Bloomberg

That was the largest advance in Prices Paid since the end of 2020 and was probably a reflection, at least in part, of higher crude oil prices.

No room for maneuver there for The Fed.

END

IIb) USA COVID/VACCINE MANDATE STORIES

Masks do not stop transmission. This edict is totally insane

(Wu/EpochTimes)

Unmasked Students Face Immediate Suspension From Loudoun County Public Schools

MONDAY, JAN 31, 2022 – 05:00 PM

Submitted By Terri Wu of The Epoch Times,

Refusal to wear a mask in school will result in immediate suspension, effective Feb. 2, a school principal in the Loudoun County Public Schools (LCPS) district in Virginia told unmasked students last week.Unmasked students were kept in the auditorium at Woodgrove High School in Purcellville, Va., on Jan. 24, 2022.

William Shipp, principal of Woodgrove High School, spoke at about 3:45 p.m. local time on Jan. 28 to unmasked students assembled in the school’s auxiliary gym.

“You have all chosen not to wear a mask this week. Essentially, that is just defiant of the rules Loudoun County Public Schools have put up,” Shipp said in a video reviewed by The Epoch Times.

He told the students that they would face immediate suspension starting from the next school day on Feb. 2 if they walked into the school without wearing a mask; the suspension wouldn’t end until the students started wearing masks, he added.

In response to a student’s question whether the suspension was legal, Shipp referred to Loudoun County school board policy and affirmed, “At this point, there is suspension.” He also said there was an appeal process to follow. During the suspension, students can still use Schoology, the virtual learning platform, to continue their studies, according to Shipp.

Caroline and Laura Thomas’s letters from Woodgrove High School were identical except for student ID and other personal information. Any students “who willfully continue to refuse to follow COVID mitigation measures as required by Loudoun County Public Schools will be suspended from school” for “disobedience” and “defiance,” according to the letters.

Clint Thomas, the students’ father, questioned the “double standard.” While the school district cited the Virginia Department of Health’s (VDH) interim Guidance for COVID-19 Prevention in Pre-K–12 Schools under Democratic Gov. Ralph Northam, it has declined to follow VDH’s updated guidance under Republican Gov. Glenn Youngkin, who was inaugurated on Jan. 15.

VDH’s updated guidance for Pre-K–12 schools states the roles and responsibilities among parents, schools, and public health institutions. The decision of masking and vaccinating lies with parents.

Clint Thomas told The Epoch Times that the reason for the suspension was “not masking” but “defiance.”

“[Principal Shipp] is pushing them to wear a mask so he doesn’t have to suspend them,” he said.

LCPS is one of the districts in the state that have decided to keep the mask mandate, despite Youngkin’s executive order that gave the masking decision to parents. Virginia has more than 130 school districts, with about 50 following the same course as Loudoun County.Unmasked students taking lunch in the auxiliary gym at Woodgrove High School in Purcellville, Va., from Jan. 25 to Jan. 28, 2022. A “no mask area” check-in sheet with a QR code is on the table

‘Every Day Felt Like a Prison’

Madison Dunbar, a sophomore at Woodgrove who also was unmasked in school last week, told The Epoch Times that it’s ridiculous for LCPS to force students to choose between masking and in-person learning.

Her younger siblings Hailey and Zack attend Harmony Middle School. The letter from Harmony states: “A student who is suspended because of non-compliance with COVID-mitigation measures may return to school only when they agree to follow COVID-mitigation measures throughout the entire school day and at all indoor school-related events. Suspension will continue if COVID-mitigation measures are not followed.”

Kayla, an 11th-grader at Woodgrove, also didn’t wear a mask to school. During the week, she repeatedly asked teachers and administrators, “Where is my in-person learning?” She said the educators simply referred to Schoology, LCPS’s virtual learning platform.

Kayla, as well as Caroline and Laura Thomas, said that starting on Jan. 25, unmasked students had to use a back door to exit the school several minutes earlier than masked students. In addition, the unmasked students were made to enter the school through the main entrance and walk past masked students in the morning to go to their separate location.

She said that she felt that the unmasked students were being shamed. For example, the auxiliary gym they were sent to from Jan. 25 to Jan. 28 had an uncovered window.

“The masked kids would just sit there and take pictures of us, and laugh at us, every day,” she told The Epoch Times.

Caroline Thomas, who has compiled a daily journal of her experience, also wrote about the separate exit. She noted that she didn’t get an answer when asked why she had to leave the school from a different exit than masked students.

“I’m sure it’s because they didn’t want us to ‘infect’ the rest of the school,” she wrote.

“Every day felt like a prison. Each day gets crazier and crazier.”Caroline Thomas is on the Woodgrove High School soccer team and the captain of her travel soccer team. (Courtesy of Clint Thomas)

Emma, Kayla’s younger sister and a 9th-grader at Woodgrove, told The Epoch Times: “Teachers really didn’t care about our education. They just brushed it under the rug like we didn’t need to learn.”

Kayla’s mother, Joy, who prefers not to disclose the family name, said: “Kayla was having trouble sleeping. She was having trouble eating. The entire week, [they were] more stressed out than I have ever seen either of my girls.

“They were trying to do the right thing but kind of caught in the middle. They want to follow what they’re told to do but want to hold their ground because they know their freedoms.”

All of the Woodgrove girls who were interviewed noted that on Jan. 28, the number of unmasked students was more than 50, the highest number for the week. According to Erin Dunbar, Hailey, and Zack’s mother, the number of unmasked students in Harmony Middle School topped 20 on the last day of the week.

LCPS spokesperson Wayde Byard said that he had no comment when contacted by The Epoch Times about the suspension plan and VDH’s updated guidance.

end

Pfizer expects vaccines for children 6 months to 5 yrs within weeks. There is no reason for this

(zerohedge)

Pfizer Expects Vaccines For Children 6 Months To 5 Years Within “Weeks” After Handing Data To FDA

TUESDAY, FEB 01, 2022 – 02:05 PM

The still technically experimental COVID mRNA vaccines will soon be approved for children under the age of 5 – something Dr. Anthony Fauci has repeatedly warned was only a matter of time – as Pfizer has just confirmed that it has submitted data from its experimental trials on young children, toddlers and infants to the FDA for review.

The Washington Post reported Tuesday that Pfizer expects jabs to be approved and made available for the youngest Americans by the end of the month, and that the company is submitting its data to regulators on Tuesday. The data would cover patients between 6 months and five years of age.

According to WaPo, the FDA has been urging the company to hurry up and hand over the data. Even CNBC’s Meg Tirrell noted that “this is a much quicker timeline than we had anticipated last week”.

Perhaps the rush is because this thing will be over soon… and along with it all the money-making opportunities?

As a reminder, Pfizer’s vaccines initially didn’t generate a strong enough immune response in children between the ages of 2-4, forcing the company to go back to the woodshed and alter the vaccine for children.

Children are much less likely to die from COVID than even a healthy adult. CDC Data has shown that children make up less than 0.1 percent of Covid deaths since the beginning of the pandemic in March 2020.

It’s also true of the world more broadly.

Source

While the MSM acted like the news was some major surprise, just last week, Fauci suggested that he wants to see the FDA authorise the vaccines for toddlers within a month.

“My hope is that it’s going to be within the next month or so and not much later than that, but I can’t guarantee that,” Fauci said during an interview.
“I can’t out guess the FDA. I’m going to have to leave that to them,” he added (though the doctor has repeatedly clarified that he’s not personally involved in the approval process).

A Biden administration reportedly assured WaPo that there’s nothing to fear about speeding up the vaccine’s approval for children. After all, there is “a consensus” among health officials in “seeing this move forward.”

With Pfizer’s data in, it’s likely that Moderna, its one (and only) rival in the mRNA COVID vaccine space, will soon follow suit, with FDA approvals now merely a formality.

But the question of safety remains, even if it no longer matters to the FDA.

Researchers have found that young patients have reported higher-than-normal adverse reactions to vaccination, including much higher incidences of suspicious deaths post-vaccination, enough to be reflected in the VAERS data.

Additionally, studies have questioned the risk-benefit trade-off of vaccinating the extremely young:

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

Finally, this push is coming as WHO’s Chief Scientist says that that “there is no evidence right now that healthy children or adolescents need boosters. No evidence at all.”

CDC’s COVID-19 Mask Guidelines For Children Challenged By House Republicans

TUESDAY, FEB 01, 2022 – 09:15 AM

Authored by Jack Phillips via The Epoch Times,

House Republicans are challenging the Centers for Disease Control and Prevention (CDC)’s COVID-19 guidelines for children, including mask requirements in school.

Led by House Minority Whip Steve Scalise (R-La.), the lawmakers penned a letter to CDC Director Rochelle Walensky calling on her to roll back recommendations that children wear masks, citing the harms to mental health.

Their letter asks Walensky to hold a briefing with Republicans on the House Oversight Committee by Feb. 7 to explain why the CDC continues to recommend mask-wearing in schools.

“There is no question, as we enter the third year of this pandemic, CDC’s guidelines and policies have failed to factor in—let alone prioritize—children’s social, emotional, and educational development,” the GOP lawmakers wrote in their letter. “In fact, CDC is undermining its own credibility as it continues to jeopardize an entire generation’s development.”

They further noted that teenagers and younger children “are experiencing a mental health crisis of historic proportions” amid pandemic restrictions, citing a recent U.S. Surgeon General warning that “suicide attempts have risen sharply for adolescents.”

The GOP House members also targeted mask guidelines for children aged 2 and older by saying they are hindering childhood development and don’t align with mask requirements elsewhere.

The letter further noted that the European Centre for Disease Prevention and Control recommends against primary school children wearing masks in class, and they added that the World Health Organization (WHO) says that children under 6 shouldn’t be required to wear them, either.

“Many of America’s peer nations around the world—including the U.K., Ireland, all of Scandinavia, France, the Netherlands, Switzerland, and Italy—have exempted children, with varying age cutoffs, from wearing masks in classrooms with no evidence of an uptick in school outbreaks in those countries relative to schools in the U.S.,” they further argued.

Throughout the pandemic, a number of studies have shown that children have an exceptionally low risk of dying or developing severe disease from COVID-19, the disease caused by the CCP (Chinese Communist Party) virus, as compared with other age groups. Data suggest that individuals who are elderly and have preexisting conditions are most at risk from the virus.

Currently, California, Delaware, Hawaii, Illinois, Nevada, New Mexico, New York, Oregon, and Washington require most individuals to wear masks in indoor public places with some caveats. However, many states last year eased or eliminated mask orders, while 11 states have not imposed mandates at any point during the COVID-19 pandemic.

The Epoch Times has contacted the CDC for comment.

eend

end

iiiA) important USA economic stories for you tonight

Biden’s Build Back Better bill is dead

Manchin Confirms ‘Build Back Better’ Bill Is “Dead” After MSM Implies Pay-For-Play

TUESDAY, FEB 01, 2022 – 12:17 PM

Having experienced the usual BTFD bounce this morning after opening weakness, US equity markets are sliding after reports that Senator Joe Manchin has unequivocably stated that President Biden’s Build Back Better bill is “dead.”

We are not exactly sure what the market was expecting but this was enough to send stocks lower…

Manchin’s comments come one day after CNBC megaphoned the new narrative about the moderate Democrat, that “Companies, executives donated nearly $300,000 to Manchin’s campaign after he rejected Biden’s Build Back Better bill.”

Manchin’s campaign also received individual contributions from leading executives after he effectively blocked Build Back Better…
…A month before his contributions to Manchin’s operations, Langone praised the senator live on CNBC. Langone also said he intended to host a massive fundraising event for the conservative Democrat. -CNBC

None of this should come as a surprise, of course. Three weeks ago, Senate Majority Leader Chuck Schumer (D-NY) admitted that his party’s bid to forward their agenda – between Build Back Better and trying to eliminate the filibuster, would be an ‘uphill battle.’

“I don’t want to delude your listeners: This is an uphill fight, because Manchin and Sinema both do not believe in changing the rules,” Schumer admitted during a Center for American Progress event in January, according to Politico.

And of course, this is setting up to be a bloodbath for Democrats in the upcoming midterms.

end

This is big news ahead of FOMC on Friday:

White House, Fed Warn Omicron Might Have Serious Impact On January’s Jobs Number

TUESDAY, FEB 01, 2022 – 01:05 PM

Get ready for a sub-zero jobs print…

Brian Deese, a top economic advisor to President Biden and former “global head of sustainability” at BlackRock, became the latest Biden henchman to warn that omicron might have a larger than expected impact on January’s jobs numbers when he spoke to the press on Tuesday.

OMICRON EXPECTED TO IMPACT JAN. JOB NUMBERS: DEESE

Of course, Deese isn’t the first Biden lacky to start priming the public (and the markets) for another huge payrolls miss.

During yesterday’s White House press briefing, Biden Press Secretary Jen Psaki claimed because of the surge in people calling out sick during the first half of January (when the data were being collected), the influence of omicron might have substantially alerted the headline number, potentially even causing it to go negative. The US hasn’t had a negative monthly NFP jobs print since December 2020.

“Because omicron was so highly transmissible, nearly 9 million people called out sick in early January when the jobs data was being collected,” Psaki told reporters. “The week the survey was taken was at the height of the omicron spike…As a result, the jobs report may show job losses, in large part because workers were out sick from omicron at a point when it was peaking.”

Already, a Census Survey shows that an estimated 8.75MM Americans said they were not working in early January, either because they were infected with COVID or taking care of someone else who had contracted the virus. That’s roughly 3x the level from the prior month.

And they aren’t alone. At least two Fed presidents have warned about Friday’s jobs print in recent days. Yesterday, Atlanta Fed President Raphael Bostic warned that January number would be lower than December and November.

But before investors start to worry, Philly Fed President Patrick Harker explained why he is a little less convinced that the Fed will hike rates 50 basis points because of the state of the economy, adding that the central bank needs to wait and see how the economic data looks over the coming weeks.

So, once again, ‘bad news is good news’ for stocks so please ignore the negative jobs print.

There’s already some signs in the economic data that January’s jobs number good reason to expect a low, or even negative, headline jobs number this month. One closely watched leading indicator, the ISM Composite Jobs Index, has fallen to its lowest level in months.

The US economy hasn’t shed jobs since December 2020, when some 306,000 jobs disappeared as COVID cases soared while the government scrambled to produce a COVID vaccine. The median forecast among economists surveyed by Bloomberg is 150K, down from 199K as more economists have come around to this dimmer view.

Biden’s people are already trying to get ahead of a negative number. But with the president’s approval rating already in the gutter thanks to surging prices at the pump (and everywhere else), we look forward to watching him trying to spin this one.

This will be a huge money grab for the USA: speed camera across the USA

(zerohedge)

Buttigieg To Usher In Speed Camera Nightmare Across US

MONDAY, JAN 31, 2022 – 06:40 PM

The U.S. Transportation Secretary Pete Buttigieg’s plan to roll out a sprawling network of speed and surveillance cameras across America’s highways raises troubling questions of mass surveillance, according to DailyMail.

Buttigieg’s 42-page plan to improve highway safety will receive a whopping $17 billion from President Biden’s $1.2 trillion infrastructure bill, which would be used to install speed and surveillance cameras on highways. The plan says the use of automated speed cameras is a more “equitable” way to patrol highways than the police.

Last Thursday, Buttigieg told the Associated Press that an alarming amount of highways deaths began after 2020, reversing a three-decade downtrend.

“It doesn’t look good, and I continue to be extremely concerned about the trend,” he said in an interview.
“Somehow it has become over the years and decades as normal, sort of the cost of doing business,” Buttigieg continued. “Even though a pandemic that led to considerably less driving, we continue to see more danger on our roads.”

Speed cameras have drawn immense criticism from progressive lawmakers, who are furious that speeding fines will help fund police departments. On the other side of the political aisle, conservatives are troubled by mass surveillance.

At the moment, eight states have prohibited speed cameras. But 18 states plus D.C. operate speed cameras, with other states having no laws authorizing their use.

The DailyMail spoke with New Jersey State Sen. Declan O’Scanlon, who is concerned about Buttigieg’s plan. He said speed cameras in New Jersey are illegal and said automated enforcement doesn’t make roads safer and “amounts to government-sanctioned theft.”

“These systems’ negative impact falls particularly hard on the poor,” O’Scanlon added. “The fines are a regressive tax. Any elected official that supports these systems is supporting screwing every one of his/her constituents that drives a car.”

Early last year, the ACLU of Iowa said the speeding cameras are an illusion of enhancing safety and have made some highways more dangerous.

“In some places, for example, traffic cameras have led to an increase in rear-end accidents because they cause drivers to slam on the brakes to avoid an automatically generated ticket,” ACLU said.

Besides speed and surveillance cameras, the National Highway Traffic Safety Administration, a part of the Transportation Department, intends to make automatic emergency braking mandatory for all new cars.

Buttigieg’s strategy is direct evidence that the government plans to scale up their surveillance network, and what’s to stop them from using facial recognition systems?

Under the guise of safety, a Chinese-style surveillance state continues to expand.

END

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

My favorite economist John Williams of Shadow stats:

a must view…

special thanks to Doug C for sending this to us:

Inflation is already in the double digits, according to ShadowStats – Kitco

Inbox

https://www.kitco.com/news/video/show/Market-Analysis/3834/2022-01-31/Inflation-is-already-in-the-double-digits-according-to-ShadowStats-John-Williams-and-will-still-grow#_48_INSTANCE_puYLh9Vd66QY_=https://www.kitco.com/news/video/latest?show=Market-Analysis

end

iv)swamp stories

CBS attacks Joe Rogan for spreading “disinformation”. In reality he is spreading truth to all;

(steve watson/SummitNews)

Watch: CBS News Tells Viewers Joe Rogan Is Killing People

TUESDAY, FEB 01, 2022 – 08:35 AM

Authored by Steve Watson via Summit News,

CBS News addressed the ongoing targeting of Joe Rogan for censorship, suggesting that the podcast host is killing people by spreading COVID misinformation.

While claiming that they are in favour of free speech, the talking heads on CBS Mornings declared Rogan’s show to be “dangerous.”

“You have a First Amendment right to say what you want. You don’t have a First Amendment right to appear on a platform as large as Spotify, that’s the issue,” said one of the script readers.

After flashing up a graph showing rates of unvaccinated hospitalisations (figures grossly distorted by the lack of distinction between people admitted WITH and DUE to COVID) the gaggle agreed that the virus is a “life and death issue,” urging that Rogan should be silenced.

One of the bunch argued that you can’t just ‘turn off’ Rogan’s show because too many people won’t do that, they will continue to listen, suggesting that the only course of action is to completely silence Rogan.

Watch: see zerohedge)

CBS and the rest of the media (sponsored by Pfizer in many instances) are pumping out the exact same narrative regarding Rogan, while declaring that their own few thousand viewers are “more enlightened” than the millions that Rogan regularly pulls in, trouncing the ratings of even the most popular TV news outputs.

* * *

END

Fauci Knew About Likely Lab-Leak From Secret Teleconference, Pushed Alternate Narrative Instead

TUESDAY, FEB 01, 2022 – 12:08 PM

Authored by Katabella Roberts and Joshua Philipp via The Epoch Times (emphasis ours),

Dr. Anthony Fauci was told in a secret teleconference that the CCP virus had very likely leaked from a laboratory in China, yet still pushed the alternate narrative that it had originated naturally, new evidence allegedly shows.Dr. Anthony Fauci, director of the National Institute of Allergy and Infectious Diseases, testifies at a Senate Health, Education, and Labor and Pensions Committee on Capitol Hill in Washington on Sept. 23, 2020. (Graeme Jennings- Pool/Getty Images)

Redacted emails that were recently made public suggest that Fauci, director of the National Institute of Allergy and Infectious Diseases (NIAID), initiated efforts to cover up evidence pointing to a laboratory leak as the origin of Covid-19.

Evidence suggests that Fauci also actively shaped a highly influential academic paper first published on Feb. 16, 2020, before later being printed in the prominent science journal Nature which excluded such a possibility.

The article, titled “The Proximal Origin of SARS-CoV-2,” was co-authored by five virologists, four of whom joined Fauci in a Feb. 1, 2020, teleconference.

During the phone call, at least three authors of the paper said they were 60 to 80 percent sure that the CCP virus had originated from a laboratory, something that they also reiterated in emails following the call.

At the time, public reports also emerged of a potential link between the Wuhan Institute of Virology in China and the CCP virus outbreak, yet these reports were dismissed by Fauci and other medical professionals as conspiracy theories.

This includes Peter Daszak, founder of EcoHealth Alliance, the nonprofit that funneled United States grant money to scientists in Wuhan and the other authors, who published a statement that read, “We stand together to strongly condemn conspiracy theories suggesting that COVID-19 does not have a natural origin.”

In an interview with EpochTV’s “Crossroads” program, Jeff Carlson and Hans Mahncke, hosts of “Truth Over News,” said that the latest evidence suggests that Fauci was well aware that the CCP virus had likely leaked from a laboratory in China, but actively pushed an alternate narrative.

“Proximal origin takes the firm side of the natural origin for the virus. And it’s been used by the media and by the government to debunk any talk of a lab leak. As a matter of fact, that’s what was used to push back on anybody saying anything like that was the established science,” Carlson said.

“Well, the first version of proximal origin was finished on the very same day as the teleconference. So just sort of let that sink in, at the time that Fauci and Collins [National Institutes of Health head Francis Collins] and Farrar [Jeremy Farrar, the head of the UK’s Wellcome Trust], the senior funding, the heads of our health institutions are being told privately that it’s anywhere in the range of 60 to 80 percent likely that this virus has a lab origin, they complete the first draft of proximal origin, which is later used to promote a narrative of a natural origin as opposed to a lab leak origin for the virus,” Carlson said.

Carlson and Mahncke said that despite evidence pointing to the contrary, Fauci then adopted the public stance that he was unaware of the claims that were made by authors on the teleconference.

“What’s new about these emails are the details that have come out through these unredacted emails. Before when there was that email dump, all the emails were basically redacted 95 percent or so or just gray, gray, gray… so now we know what’s behind those redactions, some of them, and what we found out is the level of detail that the scientists already knew at the time about the engineered features of the virus,” Mahncke said.

“So all the stuff that we’ve found out in the past two years, they knew all that on Feb. 1, 2020 … and instead of alerting the world to the fact that there’s an engineered virus that’s hitting the world, Fauci does the exact opposite. He goes out there and says, ‘No, this is all natural,’” Mahncke said.

At a Feb. 3 meeting at the National Academy of Sciences, just two days after the teleconference with the authors of “The Proximal Origin of SARS-CoV-2,” Fauci was asked to assist in drafting a response letter to an inquiry made by the Trump White House regarding the virus’s origins.

Again, he doubled down on his stance that the CCP virus had originated naturally and not from a lab.

“So right there from the start Fauci is pushing really hard and in various forums, all in the same direction, natural, natural, natural, but at the same time, not only was he told it’s very likely that it came out of the lab, he was told the details; that to me is very fascinating,” Mahncke said.

When asked directly while testifying before Congress earlier this month, Fauci denied having communicated with the authors.

U.S. intelligence officials and multiple experts have since obtained evidence suggesting that the CCP virus originated in a lab, but other officials maintain that it has a natural origin.

In September, documents obtained by The Intercept in connection with a Freedom of Information Act lawsuit brought by the publication against the National Institutes of Health showed that EcoHealth Alliance used federal money to fund research into bat coronaviruses at the Wuhan Institute of Virology.

The Epoch Times has contacted NIAID for comment.KING REPORT/SWAMP STORIES

Key inflation gauge rose 5.8% in December, fastest since 1982 – Consumer prices rose 5.8 percent in December compared to one year earlier, according to the Commerce Department’s Personal Consumption Expenditures index — the Federal Reserve’s preferred measure of inflation. The rate increased compared to November, when the PCE hit 5.7 percent… https://trib.al/0fL0Zgf

ESHs opened higher on Thursday night and then traded sideways for 7 hours. They plunged when Europe opened. The decline ended at 7:50 ET, just 10 minutes before the US bond market opened.

The usual rally into the NYSE open was robust, ESHs soared from the session low of 4266.25 to 4336.50 at 9:37 ET. ESHs and stocks tumbled when the NYSE open. A possible factor is the early US tumble was rumors of a massive loss at a major hedge fund due to the colossal squeeze on Thursday in the expiring February contract for natural gas.

The early US tumble ended at 10:00 ET. At the time, bonds were down a few ticks in listless trading. Oil and gasoline soared again; natural gas surged as much as 11%; Brent oil hit 91.70. A major winter storm was about to hit the US’s northeast.

Powerful weekend winter storm could dump a foot of snow on Big Apple https://trib.al/IWPkBtq

S&P Suffers Worst Start to A Year Since 1939 As Yield Curve Yells ‘Recession’
As one veteran trader noted, “today was a s#*tshow, no liquidity, gamma-driven gappy jumps everywhere… it was all algos and no average joes.”… Well that idiotic rampage managed to get the Dow, S&P, and Nasdaq unchanged on the week (which appears to be all that mattered to the machines)…
The yield curve was crushed this week, triggered by The Fed’s hawkish tilt with 7s10s at almost record flats, 20s30s still inverted, and 2s30s at its flattest since March 2020… all screaming The Fed is about to make a big mistake and hinting strongly at recessionary risks rising fast…
https://www.zerohedge.com/markets/sp-slumps-worst-start-year-1939-yield-curve-yells-recession

The following ESH chart (Central Time), which includes the night sessions, clearly shows the intense struggle (manifested in the wicked volatility) to save stocks after the tumble that began on January 13.

The type of volatility that is being produced by the daily manipulation is precisely what occurred in the months prior to The Great Stock Market Crash of 1929.

David Rosenberg @EconguyRosie: In the span of four weeks, six negative daily Dow reversals of 1%+. This happened 99% of the time in the past in 1987 (crash); 1990 (recession), 1997-98 (Asian crisis); 2000-03 (tech wreck/recession), 2008-09 (GFC), 2018 (Powell!). All either ~20% corrections or 30%+ bear markets

KING REPORT/SWAMP STORIES

https://twitter.com/townhallcom/status/1487166793793818625
https://twitter.com/goodblackdude/status/1487162941715582977

Democrats John Fetterman, Josh Shapiro to skip Biden’s Pittsburgh visithttps://trib.al/RC9Ne3a

Court finds Pennsylvania mail-in voting law unconstitutional
In October 2019, Act 77 was signed into law by Democratic Gov. Tom Wolf with support from both parties. The law, described by PennLive “as the most significant change to Pennsylvania’s election laws in more than 80 years,” greatly expands mail-in voting by allowing a citizen to vote by mail without an excuse. It also allocated $90 million to buy new voting machines and ended straight party voting, forcing Pennsylvanians to actively vote for each candidate on the ballot, rather than make one mark to vote for all candidates of a specified party…(All those votes were illegal!!!)
https://justthenews.com/politics-policy/elections/pennsylvania-mail-voting-law-found-unconstitutional

@Peoples_Pundit: Pennsylvania, and several other states, never adopted widespread early voting, let alone no excuse absentee ballot voting, or universal mail-in voting.This is a major part of the real big lie the media told the country. Pandemics don’t invalidate constitutional government.

@GAballots: Very proud ballot harvester at Suwanee Library, Gwinnett County Georgia. October 12, 2020 12:20 pm   Getting paid for his deposit. Will @GaSecofState do anything? (Video evidence)
https://twitter.com/GAballots/status/1487209392915288064

@realLizUSA: President Donald J. Trump: “If the Vice President (Mike Pence) had “absolutely no right” to change the Presidential Election results in the Senate, despite fraud and many other irregularities, how come the Democrats and RINO Republicans, like Wacky Susan Collins, are desperately trying to pass legislation that will not allow the Vice President to change the results of the election? Actually, what they are saying, is that Mike Pence did have the right to change the outcome, and they now want to take that right away…

@themarketswork: Durham Court Filing Reveals DOJ Inspector General Horowitz Withheld Key Evidence From Special Counsel Horowitz also failed to disclose that he was in possession of 2 cellphones used by former FBI general counsel James Baker. New from @HansMahncke & myself
https://www.theepochtimes.com/durham-court-filing-reveals-doj-inspector-general-horowitz-withheld-key-evidence-from-special-counsel_4241595.html

What Did Clinton Know and When Did She Know It? The Russiagate Evidence Builds
Court documents, behind-the-scenes video footage and recently surfaced evidence reveal that Clinton and her top campaign advisers were much more involved in the more than $1 million operation to dredge up dirt on Trump and Russia than they have let on. The evidence suggests that the Trump-Russia conspiracy theory sprang from a multi-pronged effort within the Clinton campaign, which manufactured many of the false claims, then fed them to friendly media and law enforcement officials. Clinton herself was at the center of these efforts, using her personal Twitter account and presidential debates to echo the false claims of Steele and others that Trump was in cahoots with the Russians…
   “Durham is telling us that this Alfa Bank hoax – and probably related matters – were Clinton campaign ops at the very highest level,” former FBI counterintelligence agent and lawyer Mark Wauck noted. “How credible is it to suppose that Hillary herself wasn’t in the know?”…  (Long, comprehensive story)
https://www.realclearinvestigations.com/articles/2022/01/27/what_did_clinton_know_about_the_russiagate_smear_and_when_did_she_know_it_the_evidence_builds_813739.html

Iranian Hackers Posed As “Proud Boys” During 2020 Election Disinformation Campaign, FBI Says
https://www.zerohedge.com/political/iranian-hackers-posed-proud-boys-during-2020-election-disinformation-campaign-fbi-says

Only 23% of Americans want President Joe Biden to keep his vow to bring a Black woman justice to the Supreme Court a Black woman, while 76% want “all possible nominees” considered, according to a ABC News/Ipsos poll. https://bit.ly/32IvHbu

GOP Sen. Collins (Probably most liberal GOP Senator) Slams Biden for ‘Politicizing Entire Nomination Process’ With Race, Gender-Based Supreme Court Pledgehttps://t.co/DNCE7xL30S

13 Senate Democrats voted against Black female judge nominated by Trump
https://www.foxnews.com/politics/13-senate-democrats-voted-against-black-female-judge-nominated-trump

GOP Sen Josh Hawley @HawleyMO: If he wants to unite the country, Biden should nominate Janice Rogers Brown. Committed constitutionalist who is also an African-American woman. Sadly, Biden personally filibustered her historic nomination to DC Circuit twice when he was in Senate. Now is the time to make amends

Biden’s Judiciary Committee Career Shows GOP Obstructionism Pays
The bills for Democrats’ Borkings have been accruing interest for decades.
   The last time Joe Biden supported a Republican nominee for the Supreme Court the Soviet Union still existed, Nelson’s “(Can’t Live Without Your) Love and Affection” reigned atop the Billboard Hot 100, and one could still purchase a P.J. Sparkles doll at Child World.
Samuel Alito? Nay. John Roberts? Nay. Clarence Thomas? Nay…
    Kamala Harris voted against all three — Neil Gorsuch, Brett Kavanaugh, and Amy Coney Barrett — who came before her during her tenure in the U.S. Senate… The lesson? Obstructionism pays.
    After Democrats retook the Senate in the 1986 midterms, Biden chaired that powerful committee…
“he presided over the infamous Robert Bork hearings. His smearing of Bork for his original-intent judicial philosophy transformed hearings for Supreme Court nominees into bloody ideological battles. Henceforth, all conservative nominees were subjected to Borking.”… if Biden selects someone who defers to ideology rather than the law and the Constitution, not blocking the nomination becomes a dereliction of senatorial duty.
    Seventeen years ago, Joe Biden told Face the Nation that his support of the filibuster “depends on who the president sends.”… They count on everyone forgetting when Joe Biden promised to filibuster an African American woman. They count on everyone forgetting Bork, Thomas, and the rest.
   Don’t count on it. And don’t count on Democrats counting to 50 so easily.
https://spectator.org/biden-judiciary-committee-career-shows-gop-obstructionism-pays/

Most of the US MSM is ignoring the Canadian 70-km trucker convoy protest.

Canada PM Trudeau, family move to ‘undisclosed’ location amid ‘freedom’ trucker vaccine protests https://www.foxnews.com/world/canada-pm-trudeau-undisclosed-location-freedom-convoy

Something Stinks in the Illinois Governor’s Office
The more we learn about the Jenny Thornley affair, the more it appears that senior members of the Pritzker administration, including potentially the governor and his wife, may have facilitated a fraud on the state by a now-indicted former campaign aide to enrich her and then obstructed efforts to bring her to justice…  https://www.realclearpolitics.com/articles/2022/01/29/something_stinks_in_the_illinois_governors_office_147110.html

@EricMMatheny: How come questioning the efficacy of a newly-released vaccine is misinformation but boldly claiming that men can get pregnant – even memorializing such a claim with a certified Apple emoji – is considered a stunning and brave declaration of truth?

Ex-liberal icon @ggreenwald: The Pressure Campaign on Spotify to Remove Joe Rogan Reveals the Religion of Liberals: Censorship – American liberals are obsessed with finding ways to silence and censor their adversaries…For years, their preferred censorship tactic was to expand and distort the concept of “hate speech” to mean “views that make us uncomfortable,” and then demand that such “hateful” views be prohibited on that basis. For that reason, it is now common to hear Democrats assert, falsely, that the First Amendment’s guarantee of free speech does not protect “hate speech.” Their political culture has long inculcated them to believe that they can comfortably silence whatever views they arbitrarily place into this category without being guilty of censorship… https://t.co/SAMtK31UY8

@ggreenwald: I don’t think it’s sufficiently appreciated how twisted and surreal it is that the leading activists for censorship in the U.S. are journalists. Yes, they’re more accurately described as “liberal employees of media corporations but, still, nobody is more devoted to this cause: (Censorship)

“We are not afraid to entrust the American people with unpleasant facts, foreign ideas, alien philosophies, and competitive values. For a nation that is afraid to let its people judge the truth and falsehood in an open market is a nation that is afraid of its people.” – John Fitzgerald Kennedy 2/26/62

Babylon Bee: New Minnie Mouse Pantsuit Design Includes Baton for Beating Uyghur Prisoners

COVID test makers set to make $4 billion in U.S. government work
iHealth Labs, a unit of the Chinese company Andon Health Co. Ltd., also inked a $1.3 billion deal to provide COVID-19 tests for Biden’s free at-home testing program… (10% for The Big Guy?)
https://fortune.com/2022/01/21/test-makers-make-4-billion-us-government-work-free-covid-kits/

@ElectionWiz on Friday: Ukrainian President Zelensky says regarding the Russian threat and call with Biden yesterday, “I’m the president of Ukraine and I’m based here and I think I know the details better here.”  https://twitter.com/ElectionWiz/status/1487081666145402893

@ElectionWiz on Friday: Ukraine President urges West not to create ‘panic’ over Russia tensions. “We don’t need this panic,” Zelensky said at a news conference with foreign media…Zelenskiy: Ukraine needs $4-5 billion to stabilize the economy.

Zelensky rebukes Western ‘panic’ over Russia invasion fear after Biden call https://trib.al/7htypoO

CNN in Meltdown Mode over Biden-Ukraine Phone Call Fiasco (Where are Fiona Hill & Vindman?)
CNN and mainstream media in general have of late seemed intent on hyping and stoking tensions to the point of armed conflict. The “long phone conversation” with Biden was Zelensky’s second one this month. Again, compare the low-key statement of Ukraine’s president himself with what Biden reportedly said to him concerning the “level” of the threat, supposedly with Kiev itself in the crosshairs…
   It seems the two leaders were openly at odds over the true level of the threat, with the White House now being accused of grossly inflating the threat…Biden had some explaining to do which likely didn’t make matters any better… https://www.zerohedge.com/geopolitical/ukraines-president-told-biden-calm-down-phone-call

@JackPosobiec: Surely someone can release the Ukraine transcripts to clear all this up —it’s the new norm for presidential calls with Ukraine after all (The basis for DJT’s 2^nd impeachment)

@JoeBiden (on DJT’s call with Zelensky): So release the transcript of the call then. Sep 23, 2019

@JackPosobiec: Someone told Biden that Russian tanks don’t work in mud, and he actually repeated it to the President of Ukraine

@MichaelAArouet: Price to sales ratio (peak 3.064 on 12/29/21)– Hurry up to buy these incredible bargains after the January drop (Chart of P/S) https://twitter.com/MichaelAArouet/status/1487728599843102721

Fed could use half-point rate rises if needed, says official   https://t.co/JnvpN6hSyl
Raphael Bostic insists all options on the table at central bank’s remaining seven meetings this year

The Fed Has Two Options: A Recession, or Years of Very High Inflation
By Seth Carpenter, Morgan Stanley global chief economist
https://www.zerohedge.com/markets/some-unpleasant-math-fed-has-two-options-recessionor-years-very-high-inflation

end

The King Report February 1, 2022 Issue 6689

Independent View of the News

  Japan’s Kowa says ivermectin showed ‘antiviral effect’ against Omicron in research
https://www.reuters.com/business/healthcare-pharmaceuticals/japans-kowa-says-ivermectin-effective-against-omicron-phase-iii-trial-2022-01-31/
@michaelsantoli: Possible effort to muscle the S&P 500 above 4495 in order to avoid the supposed “January close below December’s low” curse of legend and lore.
https://twitter.com/michaelsantoli/status/1488220100045983753
White House preps for weak January jobs report due to Omicron
White House economic officials are engaging in early damage control ahead of the release of a January jobs report that is expected to show muted hiring growth due to the Omicron variant…
    “Forecasters see a large Omicron effect on employment in January, but expect that to reverse in future months as we see the wave beginning to come down,” David Kamin, deputy director of the White House National Economic Council, told Axios. “That is very different from overall trends in the economy looking ahead.”…  https://trib.al/ft9Qyr5

@mrctv: In preparation for job numbers to be released, Psaki makes it clear that 9 million people called out sick because of omicron at the time data was taken. https://twitter.com/mrctv/status/1488218347883933698

Biden nominee to Federal Reserve board has backed reparations   https://trib.al/vB0DTx4

@Theimmigrant84: Treasury yield curve keeps flattening, The front end of the curve us narrowing the gap between 5- and 30Y to 45 basis points. The last time that gap shrank in a similar fashion was in 2018
https://twitter.com/Theimmigrant84/status/1487985451206156288

@MetreSteven: I find it interesting people are desperate to buy stocks into a slowing economy at a time the Fed is withdrawing liquidity.

@Dollarlogic: My research indicates that from 1914-2021 when inflation reached 4%, 75% of the time it stayed above 4% for 3.9 years.  https://twitter.com/Dollarlogic/status/1488293517222948873
Nancy Pelosi’s Son Becomes Subject of Sixth FBI Investigation
The sixth of these investigations places the speaker’s son at the core of a fraud investigation against Rodrigo Santos, the former President of the San Francisco Building Inspection Commission who now holds the role of a city permit expediter…
https://www.zerohedge.com/political/nancy-pelosis-son-becomes-subject-sixth-fbi-investigation

Biden says admin trying to ‘figure out’ why illegal immigrants leave their countries (Not a parody!)
President Biden said Monday that his administration is committed to improving the border crisis by trying to “figure out” why migrants are leaving their home countries for the U.S. in the first place…
https://www.foxnews.com/politics/biden-admin-trying-figure-out-why-illegal-immigrants-leave-countries

Biden’s illegal-immigration welcome mat caused disaster at the border   6/12/21
For months, Team Biden had telegraphed that it wouldn’t, in fact, enforce our laws or secure our border. Migrants came en masse, because they believed Team Biden had invited them…
   In March, El Salvadoran President Nayib Bukele said that when candidates Biden and Harris vowed in the Democratic primary to give illegal immigrants free health care, it was an “incentive” for people to attempt the perilous journey to the United States. And last week, ahead of Harris’ visit, Guatemalan President Alejandro Giammattei blamed Team Biden’s wink-wink pro-illegal-migration rhetoric for the surge.. https://nypost.com/2021/06/13/bidens-illegal-immigration-welcome-mat-caused-border-crisis/

@bennyjohnson: Biden SECONDS before White House staff herds reporters out of room: “Why don’t I stop and take any questions you might have? And they tell me I’m supposed to call on Gov. Cox first.”
@HARRISFAULKNER ‘s reaction says it all. WATCH.  https://twitter.com/bennyjohnson/status/1488191959831351308

Georgetown Puts Ilya Shapiro on Administrative Leave for Criticizing Biden Supreme Court Promise  https://freebeacon.com/campus/georgetown-puts-ilya-shapiro-on-administrative-leave-for-criticizing-biden-supreme-court-promise/

Special Counsel ‘Clarification’ Reveals the DOJ’s Inspector General Is Not a Team Player
The discovery update filed last week raised additional concerns about the OIG’s candor and cooperation with the special counsel’s office. Specifically, Durham’s office noted that “in early January 2022, the Special Counsel’s Office learned for the first time that the OIG currently possesses two FBI cellphones of the former FBI General Counsel” Baker, along with “forensic reports analyzing those cellphones.”
    On Friday, the special counsel’s office submitted a three-page “Supplemental Filing Regarding Government’s Discovery Update.” It began by quoting the special counsel office’s previous statement that it had learned for the first time in early January 2022 that the OIG possessed two of Baker’s cellphones. “The Government wishes to provide some additional context for this statement,” the supplemental filing continued…
    With the OIG playing hide-the-ball from Durham, the special counsel clearly needs that extra time. Apparently, the elite media also needs some additional time to realize there is a huge story being missed (ignored?) concerning a private individual potentially tracking government computers.
https://thefederalist.com/2022/01/31/special-counsel-clarification-reveals-the-dojs-inspector-general-is-not-a-team-player/

@RNCResearch: TV cameras captured a maskless California Democrat Gov. Gavin Newsom hugging Magic Johnson last night in violation of his own mask mandate. The video contradicts Newsom’s assertion today that he only removed his mask “for a brief second” when he “took a photo.”
https://twitter.com/RNCResearch/status/1488253860477083651

Well that is all for today, I will see you tomorrow night

end

Gijsbert Groenewegen	12:45 PM (23 minutes ago)
to Gijsbert

douglas cundey	11:31 AM (1 hour ago)
to Chris, William, Bill, rkirby, me

Dani Peters	12:20 AM (10 minutes ago)
to me

Robert Hryniak	9:34 AM (2 hours ago)
to

Chris Powell	8:53 AM (3 minutes ago)

Mark Organ	5:40 AM (1 hour ago)

FEB1

DONATE

NUMBER OF NOTICES FILED TODAY FOR FEB. CONTRACT: 8754 NOTICE(S) FOR 875,400 OZ (27.22 TONNES)

total notices so far: 12,537 contracts for 1,253,700 oz (27.228 tonnes)

1/COMEX GOLD AND SILVER REPORT

3. ASIAN AFFAIRS

b) REPORT ON JAPAN

3 C CHINA

4/EUROPEAN AFFAIRS

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

6.Global Issues

7. OIL ISSUES

8 EMERGING MARKET ISSUES

Pam and Russ Martens: NY Fed has second trading floor at Chicago futures markets

Gold Reporter: 21 tonnes of gold removed from New York Fed vault

Monetary metals are most undervalued assets, GATA chairman tells GoldSeek Radio

A SWIFT Ending!

Inflation Comes For Your Closet: Cotton Prices Hit Decade High Amid Global Deficit

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

Futures Reverse Gains As Nail-biting Volatility Enters February

3 a./NORTH KOREA/ SOUTH KOREA

3c CHINA

CCP May Collect Top American Athletes’ DNA At Beijing Olympics, Experts Say

4/EUROPEAN AFFAIRS

How European Government Debt Grew During The Pandemic

Is Mario Draghi No Longer Davos’ Superman?

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

US Naval Presence In Black Sea More Than Doubled In 2021

Zelensky Signs Decree Adding 100,000 To Army As Virtual Ukraine Invasion Is Virtually Imminent

Tweet by Israel Radar on Twitter

6// GLOBAL COVID ISSUES/VACCINE MANDATE ISSUES/

Ivermectin Has ‘Antiviral Effect’ Against Omicron And All Other ‘Mutant Strains’ Of Covid-19

Majority of Canadians Want All COVID-19 Restrictions to End: New Poll

COVID-19 in Israel: 67,000 test positive, serious cases at all-time high

Number of daily cases decreased on Tuesday as number of serious cases spikes * Home Front Command limits PCR testing availability

Israel is in bug trouble

Vaccine Impact

Michael Every

It’s Shoe Time!

7. OIL ISSUES

8 EMERGING MARKET& AUSTRALIA ISSUES

Pregnant Reporter Forced To Stay In Kabul After Home Country Of New Zealand Denies Her Entry Due To COVID Protocols

Protesters Gather In Front Of Australian Parliament In Solidarity With Ottawa Truck Convoy

Inflation in Venezuela is so bad right now, people are literally throwing away cash likes it’s garbage. As of last week, $1 USD is 463,000 Bolívars !!

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

Stocks Shrug Off Bullard, Bad-Data, & ‘BBB’ Bust As Dollar Drops

Labor Insanity: There Are Now A Record 4.6 Million More Job Openings Than Unemployed Workers

US Manufacturing Weakens More In Jan: Job Creation Crashes As Prices Paid Spikes

Unmasked Students Face Immediate Suspension From Loudoun County Public Schools

Pfizer Expects Vaccines For Children 6 Months To 5 Years Within “Weeks” After Handing Data To FDA

CDC’s COVID-19 Mask Guidelines For Children Challenged By House Republicans

Manchin Confirms ‘Build Back Better’ Bill Is “Dead” After MSM Implies Pay-For-Play

White House, Fed Warn Omicron Might Have Serious Impact On January’s Jobs Number

Buttigieg To Usher In Speed Camera Nightmare Across US

Inflation is already in the double digits, according to ShadowStats – Kitco

Watch: CBS News Tells Viewers Joe Rogan Is Killing People

Fauci Knew About Likely Lab-Leak From Secret Teleconference, Pushed Alternate Narrative Instead

Share this:

Related

Leave a comment Cancel reply

Donate

Archive

Spot Gold

Spot Silver