GOLD PRICE CLOSE: DOWN 7.75 at $1752.70

SILVER PRICE CLOSE: UP 5 cents to $20.97

Access prices: closes : 4: 15 PM

Gold ACCESS CLOSE 1751.00

Silver ACCESS CLOSE: 20.97

New: early yesterday morning//

Bitcoin morning price: $16,726 UP 470

Bitcoin: afternoon price: $16,661 UP 535

Platinum price closing DOWN $

Palladium price; closing

END

Due to the huge rise in the dollar, we must look at gold and silver in currencies other than the dollar to understand where we are heading

I will now provide gold in Canadian dollars, British pounds and Euros/4: 15 PM ACCESS

CANADIAN GOLD:

BRITISH GOLD:

EURO GOLD:

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EXCHANGE:

EXCHANGE: COMEX
CONTRACT: NOVEMBER 2022 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,760.800000000 USD
INTENT DATE: 11/17/2022 DELIVERY DATE: 11/21/2022
FIRM ORG FIRM NAME ISSUED STOPPED

118 C MACQUARIE FUT 1
661 C JP MORGAN 1
737 C ADVANTAGE 2

TOTAL: 2 2
MONTH TO DATE: 6,320

JPMORGAN STOPPED 85/220

GOLD: NUMBER OF NOTICES FILED FOR NOV. CONTRACT: 2 NOTICES FOR 200 OZ or 0.00623 TONNES

total notices so far: 6121 contracts for 612,100 oz (19.039 tonnes)

SILVER NOTICES: 0 NOTICE(S) FILED FOR nil OZ/

total number of notices filed so far this month 402 : for 2,010,000 oz

END

Russia is a major supplier of silver to London while Mexico supplies the COMEX

With the sanctions, London has no way to obtain silver other than compete with NY.

GLD

WITH GOLD DOWN$7.75

INVESTORS SWITCHING TO SPROTT PHYSICAL (PHYS) INSTEAD OF THE FRAUDULENT GLD//BIG CHANGES IN GOLD INVENTORY AT THE GLD: /////HUGE CHANGES IN GLD INVENTORY: A WITHDRAWAL OF 1.45 TONNES INTO THE GLD//

INVENTORY RESTS AT TONNES

Silver//SLV

WITH NO SILVER AROUND AND SILVER UP $.05

AT THE SLV// :/SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF OF 0.553 MILLION OZ INTO THE SLV

INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV

CLOSING INVENTORY: 471.923 MILLION OZ (THIS IS ALSO A CRIME SCENE@!!!!

Let us have a look at the data for today

SILVER//OUTLINE

SILVER COMEX OI ROSE BY A GOOD SIZED 407 CONTRACTS TO 139,314 AND CLOSER TO THE RECORD HIGH OI OF 244,710, SET FEB 25/2020 AND THE HUGE GAIN IN COMEX OI WAS ACCOMPLISHED DESPITE OUR STRONG LOSS OF $0.52 IN SILVER PRICING AT THE COMEX ON THURSDAY. OUR SHORTERS/HFT WERE SUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT FELL BY $0.52)., BUT WERE UNSUCCESSFUL IN KNOCKING OFF ANY SPEC LONGS, AS WE HAD A STRONG SIZED GAIN IN OUR TWO EXCHANGES OF 957 CONTRACTS. WE HAD A SOME ATTEMPTED SPEC SHORT COVERINGS OF THEIR SHORTFALLS WITH MINOR SUCCESS .WE HAD CONSIDERABLE SPEC SHORT ADDITIONS AS THE PRICE OF THE METAL WAS WHACKED . // OUR BANKERS CONTINUE TO BE PURCHASERS OF NET COMEX LONGS. HUGE NUMBER OF NEWBIE SPEC LONGS ADDED TO THEIR POSITIONS CAUSING ADDITIONAL MISERY TO OUR SHORTERS.

WE MUST HAVE HAD:
I) SOME ATTEMPTED (WITH MINIMAL SUCCESS) SPECULATOR SHORT COVERINGS WITH CONSIDERABLE SHORT ADDITIONS ////CONTINUED BANKER OI COMEX ADDITIONS /// HUGE NEWBIE SPEC LONG ADDITIONS. II) WE ALSO HAD SOME REDDIT RAPTOR BUYING//. iii) A GIGANTIC ISSUANCE OF EXCHANGE FOR PHYSICALS iiii) AN INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 1.045 MILLION OZ FOLLOWED BY TODAY’S 100,000 QUEUE JUMP//NEW STANDING:2,860,000 MILLION OZ/ / // V) GOOD SIZED COMEX OI GAIN/

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

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

TOTAL CONTRACTS for 14 days, total 23,820 contracts: 119.100 million oz OR 8.507 MILLION OZ PER DAY. (1701 CONTRACTS PER DAY)

TOTAL EFP’S FOR THE MONTH SO FAR: 119.1 MILLION OZ

LAST 17 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: 72.39 MILLION OZ//

MARCH: 207.430 MILLION OZ//A NEW RECORD FOR EFP ISSUANCE

APRIL: 114.52 MILLION OZ FINAL//LOW ISSUANCE

MAY: 105.635 MILLION OZ//

JUNE: 94.470 MILLION OZ

JULY : 87.110 MILLION OZ

AUGUST: 65.025 MILLION OZ

SEPT. 74.025 MILLION OZ///FINAL

OCT. 29.017 MILLION OZ FINAL

NOV: 119.1 MILLION OZ

RESULT: WE HAD A GOOD SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 407 DESPITE OUR $0.52 LOSS IN SILVER PRICING AT THE COMEX// THURSDAY.,. THE CME NOTIFIED US THAT WE HAD A STRONG SIZED EFP ISSUANCE CONTRACTS: 550 CONTRACTS ISSUED FOR DEC AND 0 CONTRACTS ISSUED FOR ALL OTHER MONTHS) WHICH EXITED OUT OF THE SILVER COMEX TO LONDON AS FORWARDS./ WE HAVE A GOOD INITIAL SILVER OZ STANDING FOR NOV. OF 1.345 MILLION OZ FOLLOWED BY TODAY’S 100,000 QUEUE JUMP/ .. WE HAVE A HUGE SIZED GAIN OF 957 OI CONTRACTS ON THE TWO EXCHANGES FOR 4.785 MILLION OZ.. THE SILVER SHORTS ARE NOW TRAPPED AS THEY ARE HAVING CONSIDERABLE DIFFICULTY IN COVERING THOSE SHORTS DESPITE THE HUGE LOSS IN PRICE ON THURSDAY.

WE HAD 0 NOTICE(S) FILED TODAY FOR nil OZ

THE SILVER COMEX IS NOW BEING ATTACKED FOR METAL BY LONDONERS ET AL.

GOLD//OUTLINE

IN GOLD, THE COMEX OPEN INTEREST FELL BY A GOOD SIZED 3171 CONTRACTS TO 474,603 AND CLOSER TO THE 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: REMOVED -XXX CONTRACTS.

THE GOOD SIZED DECREASE IN COMEX OI CAME WITH OUR LOSS IN PRICE OF $12.75/COMEX GOLD TRADING/THURSDAY // CONSIDERABLE ATTEMPTED SPECULATOR SHORT COVERINGS TO NO AVAIL//(MAYBE SOME SPEC SHORT ADDITIONS IF THEY ARE STUPID ENOUGH), ACCOMPANYING OUR GOOD SIZED EXCHANGE FOR PHYSICAL ISSUANCE./. WE HAD ZERO LONG LIQUIDATION WITH CONTINUED ADDITIONS TO OUR BANKER LONGS!! THE COMEX WILL BLOW UP AS THE SPECS CANNOT DELIVER GOLD TO OUR BANKER LONGS. IT SEEMS THAT EVERYBODY WISHES TO BUY BUT NO SELLERS.

WE ALSO HAD A HUGE INITIAL STANDING IN GOLD TONNAGE FOR NOV. AT 12.386 TONNES ON FIRST DAY NOTICE FOLLOWED BY TODAY’S 1200 OZ QUEUE JUMP //(QUEUE JUMPING = EXERCISING LONDON BASED EFP’S WILL CONTINUE UNTIL MONTH’S END)

YET ALL OF..THIS HAPPENED WITH OUR STRONG LOSS IN PRICE OF $12.75 WITH RESPECT TO THURSDAY’S TRADING

WE HAD A SMALL SIZED GAIN OF 260 OI CONTRACTS (0.8087 PAPER TONNES) ON OUR TWO EXCHANGES..

E.F.P. ISSUANCE

THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A GOOD SIZED 3431 CONTRACTS:

The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 474,603

IN ESSENCE WE HAVE A SMALL SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 260 CONTRACTS WITH 3171 CONTRACTS DECREASED AT THE COMEX (SHORT SPECULATORS FAILING TO GET OUT OF THEIR MESS) AND 3431 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN ON THE TWO EXCHANGES OF 260 CONTRACTS OR 0.8087 TONNES.

CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES

WE HAD A GOOD SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (3431) ACCOMPANYING THE FAIR SIZED LOSS IN COMEX OI (3,171: TOTAL GAIN IN THE TWO EXCHANGES 260 CONTRACTS. WE NO DOUBT HAD 1) CONSIDERABLE ATTEMPTED BUT FAILED SPECULATOR SHORT COVERINGS// CONTINUED GOOD BANKER ADDITIONS. WE HAD SOME SHORT SPEC ADDITIONS/// // CONSIDERABLE NEWBIE SPEC ADDITIONS ,2.) STRONG INITIAL STANDING AT THE GOLD COMEX FOR NOV. AT 12.386 TONNES FOLLOWED BY TODAY’S GOOD QUEUE JUMP OF 1200 OZ //NEW STANDING 23,374 TONNES///3) ZERO LONG LIQUIDATION //// //.,4) GOOD SIZED COMEX OPEN INTEREST LOSS 5) GOOD ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER/

HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS IN 2022 INCLUDING TODAY

NOV

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

60,850 CONTRACTS OR 6,085 000 OZ OR 189,26 TONNES 14 TRADING DAY(S) AND THUS AVERAGING: 4346 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 14 TRADING DAY(S) IN TONNES: 189.26 TONNES

TOTAL ANNUAL GOLD PRODUCTION, 2021, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES

THUS EFP TRANSFERS REPRESENTS 189.26 //3550 x 100% TONNES 5.32% 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. 175.62 TONNES//FINAL ISSUANCE//

JAN:2022 247.25 TONNES //FINAL

FEB: 196.04 TONNES//FINAL

MARCH: 409.30 TONNES INITIAL( THIS IS NOW A RECORD EFP ISSUANCE FOR MARCH AND FOR ANY MONTH.

APRIL: 169.55 TONNES (FINAL VERY LOW ISSUANCE MONTH)

MAY: 247,44 TONNES FINAL//

JUNE: 238.13 TONNES FINAL

JULY: 378.43 TONNES FINAL

AUGUST: 180.81 TONNES FINAL

SEPT. 193.16 TONNES FINAL

OCT: 177.57 TONNES FINAL ( MUCH SMALLER THAN LAST MONTH)

NOV. 189.26 TONNES//INITIAL ( SO FAR MUCH LARGER THAN PREVIOUS MONTHS)

SPREADING OPERATIONS

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

SPREADING LIQUIDATION HAS NOW COMMENCED AS WE HEAD TOWARDS THE NEW NON ACTIVE FRONT MONTH OF NOV. WE ARE NOW INTO THE SPREADING OPERATION OF BOTH SILVER AND GOLD (WILL BE SMALL AS SPREADERS DO NOT PAY ATTENTION TO NOVEMBER)

HERE IS A BRIEF SYNOPSIS OF HOW THE CROOKS FLEECE UNSUSPECTING LONGS IN THE SPREADING ENDEAVOUR ;MODUS OPERANDI OF THE CORRUPT BANKERS AS TO HOW THEY HANDLE THEIR SPREAD OPEN INTERESTS:HERE IS HOW THE CROOKS USED SPREADING AS WE ARE NOW INTO THE NON ACTIVE DELIVERY MONTH OF OCT HEADING TOWARDS THE NON ACTIVE DELIVERY MONTH OF NOV., FOR BOTH GOLD AND SILVER:

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 (NOV), 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.”

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 GOOD SIZED 407 CONTRACTS OI TO 139,314 AND CLOSER TO OUR COMEX HIGH 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 5 YEARS AGO.

EFP ISSUANCE 550 CONTRACTS

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

DEC 550 ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 550 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. IF WE TAKE THE COMEX OI GAIN OF 2407 CONTRACTS AND ADD TO THE 550 OI TRANSFERRED TO LONDON THROUGH EFP’S,

WE OBTAIN A VERY STRONG SIZED GAIN OF 957 OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES.

THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES 4.875 MILLION OZ//

OCCURRED WITH OUR FALL IN PRICE OF $0.52….. OUR SPEC SHORTS HAVE NOWHERE TO HIDE!

OUTLINE FOR TODAY’S COMMENTARY

1/COMEX GOLD AND SILVER REPORT

(report Harvey)

2 ) Gold/silver trading overnight Europe,

(Peter Schiff,

end

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

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

end

5. Other gold commentaries

6. Commodity commentaries//

7/CRYPTOCURRENCIES/BITCOIN ETC

3. ASIAN AFFAIRS

i)FRIDAY MORNING//THURSDAY NIGHT

SHANGHAI CLOSED DOWN 18,19 PTS OR 0.58% //Hang Sang CLOSED DOWN 53,12 OR 0.29% /The Nikkei closed DOWN 30.80 OR 0.11% //Australia’s all ordinaries CLOSED UP 0.21% /Chinese yuan (ONSHORE) closed DOWN TO 7.1151//OFFSHORE CHINESE YUAN DOWN 7.1257// /Oil DOWN TO 82.31 dollars per barrel for WTI and BRENT AT 95.14 / Stocks in Europe OPENED ALL GREEN. ONSHORE YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING STRONGER AGAINST US DOLLAR/OFFSHORE STRONGER

a)NORTH KOREA/SOUTH KOREA

outline

b) REPORT ON JAPAN/

OUTLINE

3 C CHINA

OUTLINE

4/EUROPEAN AFFAIRS

OUTLINE

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

OUTLINE

6.Global Issues//COVID ISSUES/VACCINE 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 3,171 CONTRACTS TO 474,603 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 INCREASE OCCURRED WITH OUR FALL IN PRICE OF $12.75 IN GOLD PRICING THURSDAY’S COMEX TRADING. WE ALSO HAD A FAIR SIZED EFP (3431 CONTRACTS). . THEY WERE PAID HANDSOMELY NOT TO TAKE DELIVERY AT THE COMEX AND SETTLE FOR CASH. IT SEEMS THAT SPEC SHORTS ARE STILL HAVING TROUBLE COVERING THEIR HUGE SHORTFALL.

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 IN THE NON -ACTIVE DELIVERY MONTH OF NOV.. 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 3431 EFP CONTRACTS WERE ISSUED: ;: , . 0 DEC : 3431 & ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE: 3431 CONTRACTS

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

ON A NET BASIS IN OPEN INTEREST WE GAINED THE FOLLOWING TODAY ON OUR TWO EXCHANGES: A SMALL SIZED TOTAL OF 260 CONTRACTS IN THAT 3431 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE HAD A FAIR SIZED COMEX OI LOSS OF 3171 CONTRACTS..AND THIS TINY SIZED GAIN ON OUR TWO EXCHANGES HAPPENED DESPITE OUR FALL IN PRICE OF GOLD $12.75//WE ARE FINALLY WITNESSING SOME SPEC SHORTS COVERING THEIR SHORTFALL. BANKERS CONTINUE AS NET BUYERS OF COMEX GOLD CONTRACTS AS THEY HAVE BEEN NET LONG FOR THE PAST FEW MONTHS. WE ALSO HAD SOME ADDITIONAL NEWBIE SPECS GOING LONG WITH THE LOWER PRICE. IT LOOKS LIKE OUR SPEC SHORTS ARE IN DEEP TROUBLE

// WE HAVE A STRONG AMOUNT OF GOLD TONNAGE STANDING NOV (23.374 TONNES),

HERE ARE THE AMOUNTS THAT STOOD FOR DELIVERY IN THE PRECEDING 12 MONTHS OF 2021-2022:

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 YEAR 2021 (JAN- DEC): 601.213 TONNES

YEAR 2022:

JANUARY 2022 17.79 TONNES

FEB 2022: 59.023 TONNES

MARCH: 36.678 TONNES

APRIL: 85.340 TONNES FINAL.

MAY: 20.11 TONNES FINAL

JUNE: 74.933 TONNES FINAL

JULY 29.987 TONNES FINAL

AUGUST:104.979 TONNES//FINAL

SEPT. 38.1158 TONNES

OCT: 77.390 TONNES/ FINAL

NOV 23.374 TONNES/INITIAL (TOTAL SO FAR THIS YEAR 564.435 TONNES)

THE SPECS/HFT WERE SUCCESSFUL IN LOWERING GOLD’S PRICE //// (IT FELL $12.75) BUT WERE UNSUCCESSFUL IN KNOCKING OFF ANY SPECULATOR LONGS AS WE HAD A VERY MINOR GAIN OF 260 CONTRACTS ON OUR TWO EXCHANGES. WE HAD SOME SPEC SHORT ADDITIONS AND CONSIDERABLE SPEC SHORT COVERINGS.. WE HAD A TINY SIZED GAIN ON OUR TWO EXCHANGES OF 260 CONTRACTS.// WE HAVE GAINED A TOTAL OI OF 0.8087 PAPER TONNES OF TOTAL OI FROM OUR TWO EXCHANGES, ACCOMPANYING OUR GOLD TONNAGE STANDING FOR NOV. (23,374 TONNES)…THIS WAS ACCOMPLISHED WITH OUR LOSS IN PRICE OF $12.75

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

NET GAIN ON THE TWO EXCHANGES 260 CONTRACTS OR 26,000 OZ OR 0.8087 TONNES

Estimated gold volume 110,230// awful//

final gold volumes/yesterday 282,121/ fair to good

INITIAL STANDINGS FOR NOVEMBER 2022 COMEX GOLD //NOV 15

Gold	Ounces
Withdrawals from Dealers* Inventory in oz*	nil oz
Withdrawals from Customer* Inventory in oz*	32,151.000 oz Brinks 1000 KILOBARS
Deposit to the Dealer* Inventory in oz*	nil
Deposits to the Customer* Inventory, in oz*	NIL oz
No of oz served (contracts) today	2 notice(s) 200 OZ 0.00622 TONNES
No of oz to be served (notices)	1195 contracts 119,500 oz 3.7166 TONNES
Total monthly oz gold served (contracts) so far this month	6320 notices 632,000 19.65 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

total dealer deposit 0

total dealer deposit: nil oz

No dealer withdrawals

Customer deposits: 0

total deposits nil oz

customer withdrawals:1

i) Out of Brinks: 32,151.000 (1000 kilobars)

total: 32,151.000 oz

total in tonnes: 1 tonnes

Adjustments: 0//

CALCULATIONS FOR THE AMOUNT OF GOLD STANDING FOR NOVEMBER.

For the front month of NOV. we have an oi of 1197 contracts having LOST 25 contracts. We had 37 notices served on THURSDAY so we gained a strong 12 CONTRACTS or an additional 1200 OZ (0.0373 TONNES) will stand in this non active month of November. We will have Nov gold tonnage standing increase daily from this day forth until the end of the month.

This queue jumping originates in London with the exercising of London based EFP’s for comex gold.

December LOST A SMALL 11,405 contracts DOWN to 187,208 DEC WILL BE A DILLY OF A DELIVERY MONTH.

JANUARY GAINED 2 contracts to stand at 479.

February gained 7728 contacts up to 238,142

We had 2 notice(s) filed today for 200 oz

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 equate to 2 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 1 notice(s) was (were) stopped/ Received) by J.P.Morgan//customer account and 0 notice(s) received (stopped) by the squid (Goldman Sachs)

To calculate the INITIAL total number of gold ounces standing for the NOV. /2022. contract month,

we take the total number of notices filed so far for the month (6320) x 100 oz , to which we add the difference between the open interest for the front month of (NOV 1197 CONTRACTS) minus the number of notices served upon today 2 x 100 oz per contract equals 751500 OZ OR 23.374 TONNES the number of TONNES standing in this non active month of NOV.

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

No of notices filed so far (6320) x 100 oz+ (1197 OI for the front month minus the number of notices served upon today (2} x 100 oz} which equals 751500 oz standing OR 23.374 TONNES in this NON active delivery month of NOV..

TOTAL COMEX GOLD STANDING: 23.374 TONNES (A HUMONGOUS STANDING//NEW RECORD FOR NOV (GENERALLY THE POOREST DELIVERY MONTHS FOR A NON ACTIVE MONTH)

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

COMEX GOLD INVENTORIES/CLASSIFICATION

NEW PLEDGED GOLD:

241,794.285 oz NOW PLEDGED /HSBC 5.94 TONNES

204,937.290 PLEDGED MANFRA 3.08 TONNES

83,657.582 PLEDGED JPMorgan no 1 1.690 tonnes

265,999.054, oz JPM No 2

1,152,376.639 oz pledged Brinks/

Manfra: 33,758.550 oz

Delaware: 193.721 oz

International Delaware:: 11,188.542 o

total pledged gold: 1,910,019.656 OZ 59.940 tonnes

TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED: 23,891.527.269 OZ

TOTAL REGISTERED GOLD: 11,077,289.112 OZ (344.55 tonnes)..dropping fast

TOTAL OF ALL ELIGIBLE GOLD: 12,814,238.157 OZ

REGISTERED GOLD THAT CAN BE SERVED UPON: 9,167,270 OZ (REG GOLD- PLEDGED GOLD) 285,14 tonnes//rapidly declining

END

SILVER/COMEX

NOV 15//INITIAL NOV. SILVER CONTRACT

Silver	Ounces
Withdrawals from Dealers* Inventory*	NIL oz
Withdrawals from Customer Inventory	1,348,660.714 oz Brinks CNT JPM Loomis
Deposits to the Dealer* Inventory*	nil OZ
Deposits to the Customer Inventory	647,932.479 oz Delaware Manfra
No of oz served today (contracts)	0 CONTRACT(S) (nil OZ)
No of oz to be served (notices)	170 contracts (850,000 oz)
Total monthly oz silver served (contracts)	402 contracts (2,010,000oz)
Total accumulative withdrawal of silver from the Dealers* inventory this month*	NIL oz
Total accumulative withdrawal of silver from the Customer* inventory this month*

i) 0 dealer deposit

total dealer deposits: nil oz

i) We had 0 dealer withdrawal

total dealer withdrawals: oz

We have 4 withdrawals out of the customer account

i) Out of Brinks: 195,565.03 oz

ii) Out of CNT: 218,865.660 oz

iii) Out of Loomis: 346,338.800 oz

iv) Out of JPMorgan: 564,454.000 oz

Total withdrawals: 1,348,660.714 oz

JPMorgan has a total silver weight: 152.387 million oz/294.957 million =51.68% of comex .//dropping fast

Comex deposits:

adjustments: 0

the silver comex is in stress!

TOTAL REGISTERED SILVER: 35,322 MILLION OZ (declining rapidly)

TOTAL REG + ELIG. 294,377 MILLION OZ (also declining)

CALCULATION OF SILVER OZ STANDING FOR SEPT

silver open interest data:

FRONT MONTH OF NOV OI: 170 CONTRACTS HAVING GAINED 9 CONTRACT(S.)

WE HAD 11 NOTICES FILED ON FRIDAY, SO WE GAINED 20 CONTRACTS OR AN ADDITIONAL 100,000 OZ WILL STAND

FOR SILVER IN THIS VERY NON ACTIVE DELIVERY MONTH OF NOVEMBER.

DECEMBER SAW A LOSS OF 3928 CONTRACTS DOWN TO 52,702

(WE WILL HAVE A DANDY DEC. DELIVERY MONTH AS THE CONTRACTION IS GOING VERY SLOWLY)

JANUARY SAW A GAIN OF 13 CONTRACTS UP TO 1330 CONTACTS.

TOTAL NUMBER OF NOTICES FILED FOR TODAY:0 for nil oz

Comex volumes:35,691// est. volume today// poor

Comex volume: confirmed yesterday: 95,236 contracts ( huge)

To calculate the number of silver ounces that will stand for delivery in NOV. we take the total number of notices filed for the month so far at 402 x 5,000 oz = 2,010,000 oz

to which we add the difference between the open interest for the front month of NOV(170and the number of notices served upon today 0 x (5000 oz) equals the number of ounces standing.

Thus the standings for silver for the NOV../2022 contract month: 402(notices served so far) x 5000 oz + OI for front month of NOV (170) – number of notices served upon today (0 x 5000 oz of silver standing for the NOV. contract month equates 2,860,000 oz.

We will gain in silver oz standing from this day forth until the end of the month.

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

Comex volumes:49,371// est. volume today// poor

Comex volume: confirmed yesterday: 101,267 contracts ( huge)

END

GLD AND SLV INVENTORY LEVELS

NOV 14/WITH GOLD UP $7.30: HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.45 TONNES FROM THE GLD///INVENTORY RESTS AT 910.12 TONNES

NOV 11/WITH GOLD UP $15.25//BIG CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 3.19 TONNES INTO THE GLD////INVENTORY RESTS AT 911.57 TONNES

NOV 10/WITH GOLD UP $40.75: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 908.38 TONNES

NOV 9/WITH GOLD DOWN $2.00: BIG CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 2.89 TONNES INTO THE GLD////INVENTORY RESTS AT 908.38 TONNES

NOV 8/WITH GOLD UP $34.40: BIG CHANGES IN GOLD INVENTORY AT THE GLD A WITHDRAWAL OF 1.47 TONNES FROM THE GLD//: INVENTORY RESTS AT 905.49 TONNES

NOV 7/WITH GOLD UP $2.95: BIG CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 4.63 TONNES FROM THE GLD//INVENTORY RESTS AT 906.96. TONNES

NOV 4/WITH GOLD UP $44.45 TO $1673.30: BIG CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 3.48 TONNES FROMTHE GLD////INVENTORY RESTS AT 911.59 TONNES.

NOV 3/WITH GOLD DOWN $18.30 TO $1628.85: BIG CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 4.05 TONNES FROM THE GLD////INVENTORY RESTS AT 915.07 TONNES

NOV 2/WITH GOLD UP 55 CENTS TODAY: BIG CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.45 TONNES FROM THE GLD///INVENTORY RESTS AT 919.12 TONNES.

NOV 1/WITH GOLD UP $9.20 TODAY: BIG CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 2.02 TONNES FORM THE GLD../INVENTORY RESTS AT 920.57 TONNES

OCT 31/WITH GOLD DOWN $4.00; BIG CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 2.61 TONNES FROM THE GLD//INVENTORY RESTS AT 922.59. TONNES//

OCT28/WITH GOLD DOWN $19.70 TODAY: BIG CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 3.19 TONNES FROM THE GLD..///INVENTORY RESTS AT 925.20 TONNES

OCT 27/WITH GOLD DOWN $3.80: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 928.39 TONNES

OCT 26/WITH GOLD UP $11.65 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 928.39 TONNES

OCT 25/WITH GOLD UP $3.85: SMALL CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF .29 TONNES OF GOLD INTO THE GLD///INVENTORY RESTS AT 928.39 TONNES

OCT 24/WITH GOLD DOWN $1.80 TODAY: BIG CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 2.89 TONNES FROM THE GLD////INVENTORY RESTS AT 928.10 TONNES

OCT 21/WITH GOLD UP $19.10: BIG CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.74 TONNES FROM THE GLD///INVENTORY RESTS AT 930.99 TONNES

OCT 20/WITH GOLD UP $2.40: BIG CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 6.08 TONNES FROM THE GLD///INVENTORY RESTS AT 932.73 TONNES

OCT 19/WITH GOLD DOWN $20.65:: SMALL CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF .29 TONNES FROM THE GLD////INVENTORY RESTS AT 938.81 TONNES

OCT 18/WITH GOLD DOWN $7.40: BIG CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 2.03 TONNES FROM THE GLD////INVENTORY RESTS AT 939.10 TONNES

OCT 17/WITH GOLD UP $14.55: BIG CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 3.28 TONNES FROM THE GLD///INVENTORY RESTS AT 941.13 TONNES

OCT 14/WITH GOLD DOWN $26.50 TODAY: BIG CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.16 TONNES FROM THE GLD///INVENTORY RESTS AT 944.31 TONNES

OCT 13/WITH GOLD DOWN $0.40 TODAY: A DEPOSIT OF 1.16 TONNES INTO THE GLD// CHANGE IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 945.47 TONNES

OCT 12/WITH GOLD UP $4.00 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 944.31 TONNES

OCT 11/WITH GOLD UP $10.30 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD//INVENTORY RESTS AT 944.31 TONNES

OCT 10//WITH GOLD DOWN $33.50 TODAY: BIG CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 2.03 TONNES OF GOLD FROM THE GLD////INVENTORY RESTS AT 944.31 TONNES

OCT 7/WITH GOLD DOWN $10.70: NO CHANGES IN GOLD INVENTORY AT THE GLD///INVENTORY RESTS AT 946.34 TONNES

OCT 6/WITH GOLD UP $.70 TODAY: BIG CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 3.45 TONNES INTO THE GLD//INVENTORY RESTS AT 946.34 TONNES

OCT 4/WITH GOLD UP $28.65 TODAY: HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 3.19 TONNES INTO THE GLD//INVENTORY RESTS AT 942.89 TONNES

OCT 3.WITH GOLD UP $29.30 TODAY: BIG CHANGES IN GOLD INVENTORY AT THE GLD AND A BIG SURPRISE: A WITHDRAWAL OF 1.45 TONNES FROM THE GLD////INVENTORY RESTS AT 939.70 TONNES

GLD INVENTORY: 910.12 TONNES

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

NOV 14/WITH SILVER UP 41 CENTS TODAY; NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 471.923 MILLION OZ//

NOV 11/WITH SILVER DOWN 2 CENTS TODAY: SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 553,000 OZ FROM THE SLV///INVENTORY RESTS AT 471.923 MILLION OZ//

NOV 10/WITH SILVER UP 39 CENTS TODAY: SMALL CHANGES IN SILVER INVENTORY AT THE SLV; A DEPOSIT OF 368,000 OZ INTO THE SLV///INVENTORY RESTS AT 472.476 MILLION OZ//

NOV 9/WITH SILVER DOWN 10 CENTS: BIG CHANGES IN SILVER INVENTORY AT THE SLV/; A WITHDRAWAL OF 3.821 MILLION OZ FROM THE SLV//INVENTORY RESTS AT 472.108 MILLION OZ//

NOV 8/WITH SILVER UP 48 CENTS TODAY: BIG CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1.751 MILLION OZ FROM THE SLV///INVENTORY RESTS AT 475.929 MILLION OZ//

NOV 7/WITH SILVER UP 12 CENTS TODAY; NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 477.678 MILLION OZ//

NOV 4/WITH SILVER UP $1.31 TODAY: BIG CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 4.972 MILLION OZ FROM THE SLV//INVENTORY RESTS AT 477.678 MILLION OZ//

NOV 3.WITH SILVER DOWN 16 CENTS TODAY: SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 566,000 OZ FROM THE SLV////INVENTORY RESTS AT 482.650 MILLION OZ//

NOV 2/WITH SILVER DOWN 9 CENTS TODAY: SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 92,000 OZ FROM THE SLV////INVENTORY RESTS AT 483.216 MILLION OZ//

NOV 1/WITH SILVER UP 53 CENTS TODAY:SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 415,000 OZ FORM THE SLV////INVENTORY RESTS AT 483.308 MILLION OZ

OCT 31: WITH SILVER FLAT: SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF .644 MILLION OZ FROM THE SLV/INVENTORY RESTS AT 483.723 MILLION OZ//

OCT 28/WITH SILVER DOWN 35 CENTS TODAY: SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 276,000 OZ INTO THE SLV////INVENTORY RESTS AT 484.367 MILLION OZ//

OCT 27/WITH SILVER UP 3 CENTS TODAY: HUGE CHANGES IN SILVER INVENTORY AT THE S: A WITHDRAWAL OF 2.579 MILLION OZ FROMTHE SLV/////INVENTORY RESTS AT 484.091 MILLION OZ//

OCT 26/WITH SILVER UP 11 CENTS TODAY: BIG CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1.013 MILLION OZ FROM THE SLV///INVENTORY RESTS AT 486.670 MILLION OZ./.

OCT 25/WITH SILVER UP 17 CENTS TODAY: BIG CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 2.083 MILLION OZ INTO THE SLV//INVENTORY RESTS AT 487.683 MILLION OZ/

OCT 24/WITH SILVER UP 6 CENTS TODAY: SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF .553 MILLION OZ FROM THE SLV////INVENTORY RESTS AT 485.610 MILLION OZ//

OCT 21/WITH SILVER UP 43 CENTS: SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF .46 MILLION OZ INTO THE SLV///INVENTORY RESTS AT 486.163MILLION OZ//

OCT 20/WITH SILVER UP 33 CENTS: BIG CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF .921 MILLION OZ FROM THE SLV///INVENTORY RESTS AT 485.703 MILLION OZ//

OCT 19/WITH SILVER DOWN 27 CENTS: BIG CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1.105 MILLION OZ FROM THE SLV////INVENTORY RESTS AT 486.624 MILLION OZ///

OCT 18/WITH SILVER DOWN 5 CENTS:BIG CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 1.658 MILLION OZ INTO THE SLV////INVENTORY RESTS AT 487.729 MILLION OZ///

OCT 17/WITH SILVER UP 53 CENTS TODAY: BIG CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 1.151 MILLION OZ INTO THE SLV////INVENTORY REST AT 486.071 MILLION OZ//

OCT 14/WITH SILVER DOWN 77 CENTS TODAY: BIG CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 2.211 MILLION OZ INTO THE SLV//INVENTORY RESTS AT 484.920 MILLION OZ//

OCT 13/WITH SILVER DOWN 2 CENTS TODAY: BIG CHANGE IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 4.513 MILLION OZ INTO THE SLV//INVENTORY RESTS AT 482.709 MILLION OZ//

Oct 12/WITH SILVER DOWN 18 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 478.196 MILLION OZ

OCT 11/WITH SILVER DOWN 11 CENTS TODAY: HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 5.066 MILLION OZ INTO THE SLV///INVENTORY RESTS AT 478.196 MILLION OZ

OCT 10//WITH SILVER DOWN 65 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 473.130 MILLION OZ/

OCT 7/WITH SILVER DOWN 37 CENTS TODAY: BIG CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 2.447 MILLION OZ FROM THE SLV///INVENTORY RESTS AT 473.130 MILLION OZ/

OCT 6/WITH SILVER UP 11 CENTS TODAY: BIG CHANGES IN SILVER INVENTORY AT THE SLV/INVENTORY: A WITHDRAWAL OF 5.3 MILLION OZ FROM THE SLV//INVENTORY RESTS AT 475.617 MILLION OZ//

OCT 4WITH SILVER UP $.51 TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 480.917 MILLION OZ

OCT 3/WITH SILVER UP $1.46 : NO CHANGES IN SILVER INVENTORY AT THE SLV//INVENTORY RESTS AT 480.917 MILLION OZ//

CLOSING INVENTORY 471.923 MILLION OZ//

PHYSICAL GOLD/SILVER STORIES

1:Peter Schiff .

Indian Gold Demand Continued Strong In October

FRIDAY, NOV 18, 2022 – 02:40 AM

Via SchiffGold.com,

Festival and wedding buying boosted gold demand in India last month and the outlook looks strong moving forward.

The arrival of festivals and the wedding season coincide with a price pullback last month. This helped drive Indian retail demand higher according to the World Gold Council, pushing the local market back into a premium for most of the month.

October retail demand remained strong with the onset of festivals and weddings. The festivals of Dussehra and Dhanteras sparked fresh demand for physical gold towards the end of the month. … With a stable gold price before this date, demand received a boost from sales of jewelry (for weddings and everyday wear) as well as bar and coin purchases.

Moving forward, the WGC projects demand will remain healthy, supported by the ongoing wedding season. Growing consumer confidence in urban areas could also boost gold demand. But there could be some headwinds in rural areas due to lower crop production.

Considering the strong start to Q4 and the interplay between urban and rural demand in the months ahead, we expect overall retail demand to remain above pre-pandemic levels in the quarter, although possibly below that of 2021, at which time there was a huge boost from pent-up demand post-2020-2021 lockdowns.”

Investors also helped drive Indian gold demand higher. Indian gold ETFs charted inflows of 0.7 tons in October. It was the second straight month Indian ETFs charted increases in gold holdings. This bucked the global trend of ETF outflows. According to the World Gold Council, total Indian ETG gold holdings to 39.2 tons by the end of October. Overall, Indian gold ETFs have seen small but meaningful net inflows of 1.6 tons year-to-date.

The Reserve Bank of India also bought more gold in October, increasing its holdings by another ton. According to the latest available data, the RBI’s total gold reserves now stand at 786.3 tons.

India ranks as the ninth largest gold-holding country in the world. Since resuming buying in late 2017, the Reserve Bank of India has purchased over 200 tons of gold. In August 2020, there were reports that the RBI was considering significantly raising its gold reserves.

India ranks as the second-largest gold-consuming country in the world, second only behind China, but the gold market has languished over the last couple of years. The pandemic crushed demand, particularly for gold jewelry. But even before the pandemic, record-high gold prices in rupee terms and government policy put a drag on the gold market. There were signs of a turnaround late last year and it continued through the first quarter of 2022. The second COVID-19 wave stalled the gold market’s recovery in India early in Q2, but it regained steam later in the year with strong retail demand and a surge in gold imports.

Indians traditionally buy and hold gold. Collectively, Indian households own an estimated 25,000 tons of gold and that number may be higher given the large black market in the country. The yellow metal is interwoven into the country’s marriage ceremonies and cultural rites. Indians also value gold as a store of wealth, especially in poor rural regions. Two-thirds of India’s gold demand comes from these areas, where most people live outside the official tax system.

Gold is not just a luxury in India. Even poor people buy gold in the Asian nation. According to an ICE 360 survey in 2018, one in every two households in India purchased gold within the last five years. Overall, 87% of households in the country own some amount of the yellow metal. Even households at the lowest income levels in India own some gold. According to the survey, more than 75% of families in the bottom 10% had managed to buy gold.

Gold served as a lifeline for many Indians during the pandemic.

The Indian government’s response to the first wave of COVID-19 ravaged the economy. As a result, many banks were reluctant to extend credit due to fear of defaults. In this tight lending environment, many Indians used their stashes of gold to secure loans. As Indians battled the second wave of COVID-19, many Indians sold gold outright in order to make ends meet.

Indians understand that gold tends to store value and that ultimately gold is money. If they have gold, they know they will be able to get the goods and services they need – even in the event of an economic meltdown. And while westerners may not embrace the cultural and religious aspects of the Indian love affair with gold, the economic reasons for their devotion to the yellow metal are every bit as applicable in places like the US.

end

2 Lawrie Williams//Pam and Russ Martens/Jim Rickards/Mathew Piepenburg/Von Greyerz//Rickards:

14 Nov 2022

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

New York Sun: FTX and the Age of Fiat Money

Submitted by admin on Thu, 2022-11-17 09:28Section: Daily Dispatches

From the New York Sun
Thursday, November 17, 2022

The best story so far on the collapse of FTX, at least in our view, is A.R. Hoffman’s dispatch in the Sun that marks the drama as a feature of our national experiment in fiat money. After all, if America had a sound currency, one anchored in the classical monetary specie of gold or silver, we wouldn’t have so many young geniuses out there hawking crypto coins and tokens as units of account and mediums of exchange.

What makes the point so devastating right now is that while the collapse in the value of FTX tokens, known as FTT, is breathtaking, it is no more breathtaking than the collapse over the past 50 years in the value of our own government’s Federal Reserve Notes. The collapse in the value of the dollar might have been more gradual, but since 1971 the greenback has shed 98 percent of its value, as has FTX’s token in the recent debacle.

Which is worse? …

… For the remainder of the commentary:

https://www.nysun.com/article/ftx-and-the-age-of-fiat-money

end

A must read…your weekend reading material

(Alasdair Macleod//GATA)

Alasdair Macleod: The upside-down world of currency

Submitted by admin on Thu, 2022-11-17 20:26Section: Daily Dispatches

By Alasdair Macleod
GoldMoney, Toronto
Thursday, November 17, 2022

The gap between fiat currency values and legal money, which is gold, has widened so that dollars retain only 2% of their pre-1970s value, and for sterling it is as little as 1%. Yet it is commonly averred that currency is money, and gold is irrelevant.

As the product of statist propaganda, this is incorrect. Originally established in Roman law, legally gold is still money and the states’ debauched currencies are not, only a form of credit. As I demonstrate in this article, the major Western central banks will be forced to embark on a new round of currency debasement, likely to put an end to the matter.

Central to my thesis is that commercial bank credit will contract sharply in response to rising interest rates and bond yields. This retrenchment is already ending the Everything Bubble in financial asset values, is beginning to undermine gross domestic product, and, given record levels of balance sheet leverage, makes a major banking crisis virtually impossible to avoid. Central banks that are already in a parlous state of their own will be tasked with underwriting the entire credit system.

In discharging their responsibilities to the status quo, central banks will end up destroying their own currencies.

So why do we persist in pricing everything in failing currencies when that will almost certainly change?

When the difference between legal money and declining currencies is finally realized, the public will discard currencies entirely, reverting to legal money. That time is being brought forward rapidly by current events. …

… For the remainder of the analysis:

https://www.goldmoney.com/research/the-upside-down-world-of-currency?gmrefcode=gata

end

4. OTHER PHYSICAL SILVER/GOLD COMMENTARIES

5.OTHER COMMODITIES:

COMMODITIES IN GENERAL/

END

6.CRYPTOCURRENCIES

This is very important and most commentaries miss: the huge derivative trades initiated at FTX and its subsidiary Alameda.

Generally we witness that notional derivatives are 100x leveraged to the financial item. A deposit of gold/silver has at a minimum 100 x the paper gold/silver to the real physical stuff. Bix Weir knows that these cryptocurrencies are also at least 100x leveraged.

The problem with the FTX fraud, is that the original crypto currency has been criminally removed form the platform for personal gain. Now what is left is a huge balloon filed paper derivatives with no backing whatsoever. The original platform at FTX has been discovered as a fraud. Just wait and see what happens to the derivatives in Alamedia.

(Bix Weir)

Behind the Curtain of FTX, LedgerX Derivatives the Deep State “Pedo-Crypto Cabal! (Jenny Moonstone & Bix Weir)

Inbox

Something is deeply wrong underneath the covers of the FTX debacle. The CFTC is now claiming that because the derivative trading arm of FTX (LedgerX) was regulated by the CFTC then the LedgerX customers are NOT in danger of losing funds in this debacle! BUT LedgerX is 100% involved with the bankruptcy of not only “FTX Derivatives, US LLC” but also the holding company “West Realm Shires Inc.” that just yesterday filed for bankruptcy!! This is gonna shake out really badly for the CFTC if people start losing money at LedgerX…and the US Regulator said people were fine to sit tight!! We may be witnessing the FALL of the entire regulatory body in the US commodities market! Jenny Moonstone and I take this deep dive down this rabbit hole in this Private Road post: Behind the Curtain of FTX, LedgerX Derivatives the Deep State “Pedo-Crypto Cabal! (Jenny Moonstone & Bix Weir)https://www.roadtoroota.com/members/Jenny-Moonstone-Readings.cfm

END

7. GOLD/ TRADING

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

ONSHORE YUAN: CLOSED DOWN 7.1151

OFFSHORE YUAN: 7.1257

SHANGHAI CLOSED DOWN 18.19 PTS OR 0.58%

HANG SANG CLOSED DOWN 53.12 OR 0.29%

2. Nikkei closed DOWN 30.80 PTS OR 0.11%

3. Europe stocks SO FAR: ALL GREEN

USA dollar INDEX UP TO 106.36 Euro RISES TO 1.0382

3b Japan 10 YR bond yield: RISES TO. +.242!!!(Japan buying 100% of bond issuance)/Japanese yen vs usa cross now at 140.28/JAPANESE YEN COLLAPSING AS WELL AS LONG TERM YIELDS RISING BREAKING THE JAPANESE CENTRAL BANK.

3c Nikkei now ABOVE 17,000

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

3e Gold DOWN /JAPANESE Yen DOWN CHINESE YUAN: UP-// OFF- SHORE: UP

3f 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. EIGHTY percent of Japanese budget financed with debt.

3g Oil DOWN for WTI and DOWN FOR Brent this morning

3h European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund DOWN TO +2.0755%***/Italian 10 Yr bond yield FALLS to 3.908%*** /SPAIN 10 YR BOND YIELD FALLS TO 3.084…** DANGEROUS//

3i Greek 10 year bond yield FALLS TO 4.312//

3j Gold at $1764.00//silver at: 21.23 7 am est) SILVER NEXT RESISTANCE LEVEL AT $30.00

3k USA vs Russian rouble;// Russian rouble UP 0 AND 19/100 roubles/dollar; ROUBLE AT 60.34//

3m oil into the 82 dollar handle for WTI and 945 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 139.99 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 0.9514– as the Swiss Franc is still rising against most currencies. Euro vs SF 0.9867well 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: 3.810% UP 4 BASIS PTS…GETTING DANGEROUS

USA 30 YR BOND YIELD: 3.908% UP 2 BASIS PTS//

USA DOLLAR VS TURKISH LIRA: 18,62…

GREAT BRITAIN/10 YEAR YIELD: 3.2974%

end

Overnight: Newsquawk and Zero hedge:

FIRST, ZEROHEDGE (PRE USA OPENING// MORNING

end

AND NOW NEWSQUAWK (EUROPE/REPORT)

Firmer APAC trade despite a N. Korean ICBM launch – Newsquawk Euro Market Open

FRIDAY, NOV 18, 2022 – 08:52 AM

APAC stocks traded mostly firmer as sentiment somewhat picked up following the negative handover from Wall Street
DXY was choppy on either side of 106.50 but held a downside bias whilst G10s gained and the NZD and GBP outperformed
European equity futures were firmer overnight, with the Euro Stoxx 50 future +0.7% after cash markets closed lower by 0.1%.
North Korea fired a missile believed to be an ICBM with the capacity to reach the US mainland; the missile fell inside Japan’s EEZ
Looking ahead, highlights include UK Retail Sales, Norwegian GDP, Speeches from ECB’s Lagarde, BoE’s Haskel, Sovereign Debt Ratings for Portugal, South Africa, Turkey, Italy and Sweden.

View the full premarket movers and news report.

Or why not try Newsquawk’s squawk box free for 7 days?

US TRADE

US stocks were ultimately lower following a slew of Fed speakers – with Fed’s Bullard (voter) maintaining his hawkish views talking about restrictive territory at 5.00-5.25%. Sectors in the US saw Tech and Energy closing in the green, whilst Utilities lagged peers.
SPX -0.31% at 3,947, NDX -0.19% at 11,677, DJIA -0.02%, RUT -0.76% at 1,839.
Click here for a detailed summary.

OTHER NOTABLE HEADLINES

Fed’s Kashkari (non-voter) said we cannot be over-persuaded by one month’s data and need to stay at it until at least sure inflation has stopped climbing. He added that CPI and PPI give some evidence that inflation is plateauing, and if projections are right, would imagine Fed stops raising rates in 2023. Kashkari said the US economy is sending wildly mixed signals, Fed’s job is to keep inflation in check, and added this is not wage-driven inflation, this inflation is from demand and constrained supply, and there is a lot of tightening in the pipeline, via Reuters.
US House Speaker Pelosi confirmed she will not run for House Democratic leader in November 30th party elections.
US President Biden Aides, NEC Chair Deese and CEA Chair Rouse are expected to depart in 2023, according to Bloomberg.
General Motors (GM) expect FY22 adj. automotive FCF will increase to 10-11bln (prev. 7-9bln); 2022 adj. EBIT of 13.5-14.5bln (prev. 13-15bln); raises 2022 guidance and expects NA EV portfolio to be profitable in 2025 as annual capacity tops 1mln.
Amazon (AMZN) said there will be more role reductions; doesn’t know yet exactly how many roles will be impacted, via Reuters.

APAC TRADE

EQUITIES

APAC stocks traded mostly firmer as sentiment somewhat picked up following the negative handover from Wall Street.
ASX 200 was lifted by gains in its heavy-weight financials sector, whilst Oz Minerals resided as one of the winners following a sweetened takeover deal by BHP.
Nikkei 225 briefly climbed back above 28,000 with BoJ Governor Kuroda reiterating the need for easy monetary policy, whilst Nissan shares failed to benefit from General Motors’ guidance upgrade.
KOSPI trimmed earlier gains following reports of North Korea firing an ICBM which was in flight for 69 minutes.
Hang Seng and Shanghai Comp were mixed with the former boosted by shares in Alibaba rising some 6% post-earnings.
US equity futures resumed trade with modest gains and traded sideways throughout the session.
European equity futures were firmer overnight, with the Euro Stoxx 50 future +0.7% after cash markets closed lower by 0.1%.
Click here for a detailed summary.

FX

DXY was choppy on either side of 106.50 but held a downside bias after printing a 106.08-107.25 parameter yesterday.
EUR/USD was flat above 1.0350 after the pair notched a high of 1.0406 yesterday – a whisker away from the 200 DMA at 1.0412
GBP/USD was among the outperformers following the unveiling of the Autumn budget, with the pair topping resistance at 1.1900 during the APAC session
USD/JPY traded sideways just above 140.00 for most of the session whilst BoJ Governor Kuroda reiterates recent remarks after Japanese Core CPI rose at the fastest pace since Feb 1982. The pair then fell beneath 140.00 following reports that North Korea’s suspected ICBM landed inside Japan’s EEZ.
Antipodeans were firmer with the NZD the G10 outperformer north of 0.6150 ahead of next week’s RBNZ policy announcement, whilst AUD/USD eventually climbed over 0.6700.
Yuan experienced some modest weakness after the Chinese cash open, with the PBoC again opting for a weaker-than-expected CNY fix.
PBoC set USD/CNY mid-point at 7.1091 vs exp. 7.0905 (prev. 7.0655)
Click here for a detailed summary.

FIXED INCOME

10yr UST futures were flat and moving sideways after bear-flattening on Thursday following hawkish commentary from Fed’s Bullard.
Bund futures traded sideways above 140.00 and within a contained range.
10yr JGB futures were slightly softer intraday, whilst the corresponding cash yield remains under 25bps.
Click here for a detailed summary.

COMMODITIES

Crude futures were firmer intraday and back on USD 82/bbl and USD 90/bbl handles respectively following hefty selling in the US session on account of several factors – such as the risk-off sentiment, a strong Dollar, and Nigeria’s Forcados crude oil terminal resuming loading.
Spot gold saw modest gains above USD 1,750/oz after declining from a USD 1,774.80/oz high yesterday, with little action seen to reports that North Korea fired a suspected ICBM.
Base metals were mostly firmer as sentiment in APAC recovered and the Dollar pulled back.
Total (TTE FP) CEO says oil prices will likely stay high in 2023, via Reuters.
Osaka Gas (9532 JT) President said it is highly possible that US Freeport LNG operation resumption will be delayed, via Reuters.
ANZ raises estimate of 2023 Chinese oil demand growth to 800k BPD from 450k BPD, via Reuters.
Canada has not committed to establishing an OPEC-like group for nickel-producing countries with Indonesia and is ‘very unlikely’ to join any such group, according to Reuters citing Government sources.
Click here for a detailed summary.

CRYPTO

Bitcoin traded with modest gains between USD 16,500 and USD 17,000.
Crypto lender Genesis reportedly sought an emergency loan of USD 1bln by Monday, according to WSJ.

NOTABLE ASIA-PAC HEADLINES

PBoC adviser said the government should set its 2023 economic growth target no lower than 5%; adds that it is urgent for China’s economic growth to return to a reasonable range, via Reuters.
China reported 2,362 (prev. 2,388) new confirmed coronavirus cases in the mainland for November 17th.
Beijing reported 100 new symptomatic cases (prev. 172) and 366 new asymptomatic cases (prev. 262) for November 17th.
PBoC injected CNY 21bln via 7-day reverse repos with the rate at 2.00% for a CNY 9bln net injection.
BoJ Governor Kuroda said Japan’s core CPI is likely to slow in pace from next year; reiterated that the BoJ will maintain easy monetary policy, via Reuters. Governor Kuroda said rapid one-sided FX moves are undesirable; undesirable to tighten policy now. Kuroda sees no need to now revise the govt’s and BoJ’s policy mandates. Governor Kuroda said Japan has yet to see inflation hit 2% in a stable and sustained manner; the current increase in CPI is driven mostly by rising import costs, via Reuters. Kuroda said the BoJ could normalise monetary policy if the achievement of price target is in sight, which could push up cost of financing government debt.
Senior BoJ official said recent inflation may affect next year’s wage negotiations and outlook for service prices, via Reuters.

APAC DATA

Japanese CPI, Core Nationwide YY (Oct) 3.6% vs. Exp. 3.5% (Prev. 3.0%); fastest pace since Feb 1982
Japanese CPI Index Ex Fresh Food (Oct) 103.4 (Prev. 102.9)
Japanese CPI, Overall Nationwide (Oct) 3.7% (Prev. 3.0%)

GEOPOLITICS

NORTH KOREA

North Korea appeared to have fired an intercontinental ballistic missile (ICBM), according to Yonhap.
North Korean missile had enough range to reach the US mainland, according to the Japanese Defence Minister.
North Korean missile was an ICBM-class missile that flew for around 69 minutes, according to the Japanese Defence Minister; missile had a possible range of over 10,000km, via Reuters.
North Korean missile believed to have landed inside Japan’s Exclusive Economic Zone (EEZ), according to Japanese PM Kishida; no reports of damages, via Reuters.
South Korean President Yoon has ordered to strengthen security cooperation with US and Japan following North Korea’s ICBM launch, via Reuters
US, Japan, South Korea, Australia, New Zealand and Canada will hold an emergency summit on the sidelines of APEC over North Korea’s ICBM launch, according to Kyodo citing a Japanese government source
US strongly condemns North Korea’s long-range ballistic missile test, according to a statement; US will take all necessary measures to ensure the security of US, South Korea, and Japan, according to the White House.
Japanese Chief Cabinet Secretary said Japan did not take any action to destroy the missile and hopes to keep in close contact with US and South Korea, via Reuters.
Japanese government convened emergency gathering team following North Korea’s presumed ICBM launch, according to NHK.
South Korea to convene a National Security Council meeting over North Korea’s missile launch, according to the presidential office.

OTHER

US is sceptical of reports that Iran has developed a hypersonic missile, according to a pentagon spokeswoman.
Biden admin said Saudi Prince has immunity from lawsuit in the Khashoggi killing, according to a court filing cited by Reuters.
Chinese President Xi said Beijing is considering holding the third Belt and Road Forum for International Cooperation next year, via state media.

EU/UK

NOTABLE EU/UK HEADLINES

SNB’s Maechler said FX-swap-market transmission is not yet complete and inflation is more persistent and broader than thought, via Reuters. Maechler added that inflation started with shocks but it’s no longer shock-driven and has the risk of being more persistent; will continue to raise rates if see inflation projections above target.
Italy’s 2023 budget is to be put to cabinet Monday and will amount to EUR 30-32bln in total measures, according to ANSA sources.

EU/UK DATA

UK GfK Consumer Confidence* (Nov) -44 (Prev. -47.0)

i)FRIDAY MORNING// THURSDAY NIGHT

2 a./NORTH KOREA/ SOUTH KOREA/

///NORTH KOREA/SOUTH KOREA/

end

2B JAPAN

JAPAN

END

3c CHINA

CHINA/ECONOMY

end

CHINA/COVID

end

4.EUROPEAN AFFAIRS//UK AFFAIRS//

UK citizens pay the highest electricity bills in the world

(OilPrice.com)

UK Citizens Pay The Highest Electricity Bills In The World

Via OilPrice.com,

A study on government electricity and gas price data reveals that Brits pay the world’s highest energy bills.
Norway is the country with by far the biggest increase in electricity prices worldwide
The UK’s energy price cap was recently raised from 28p to 34p per kWh.

New research reveals that the UK has the highest electricity bills.

Brits pay more for their power than anywhere else on the planet.

A new study looked at Government data on electricity and gas prices from the past five years to analyse the impact of the worsening cost of living crisis and discover which countries have had the biggest year-on-year increase in energy prices. The data, compiled by BOXT, was shared with City A.M. today

The UK’s energy price cap was recently raised from 28p to 34p per kWh.

Much like the rest of the world, prices have increased due to reduced supply from Russia due to the Ukraine conflict, as well as the after-effects of the coronavirus pandemic.

The UK’s neighbours in the Republic of Ireland have the second highest electricity cost, paying 18.99p per kWh. That’s 53 per cent more expensive than the average of these 24 countries.

However, prices are slightly more affordable when it comes to gas in Ireland, which stands at 5.21p per kWh.

The countries with the highest electricity prices

Residents of Spain are paying an average of 18.51p per kWh. Electricity prices in Spain recently hit a historical high and were recently capped at €130 (£112) per megawatt hour, down from €210 (£181).

Norway is the country with by far the biggest increase in electricity prices worldwide – 91 per cent increase in electricity cost in pence/kWh since 2016.

Top 10 countries with the biggest electricity bill price increase:

The second highest electricity rises are in Finland – Since 2016, Finnish residents have seen their electricity bills increase by almost two-fifths (37%) on average.

Tied in third place are the Czech Republic, Denmark, and the United Kingdom, with a 35% increase in electricity prices.

END

Now British supermarkets are starting to ration eggs

(Evans/EpochTimes)

British Supermarkets Start To Ration Eggs

FRIDAY, NOV 18, 2022 – 12:00 PM

Authored by Owen Evans via The Epoch Times,

Major supermarket chains Asda and Lidl have started to ration the number of boxes of eggs customers can buy owing to supply chain issues.

Both stores said the measure is temporary and because of avian flu which has disrupted the supply of some egg ranges.

Waitrose said it had not introduced any limits but was “continuing to monitor customer demand.”

Other major retailers including Tesco, Morrisons, Marks and Spencer and Co-op said they were not limiting sales. Sainsbury is stocking eggs imported from Italy.

Last week, the government said that the UK is facing its largest-ever outbreak of bird flu with over 200 cases confirmed across the country since late October 2021.

While acknowledging bird flu, poultry farmers say that energy costs and retailers buying produce at low prices are now tightening the supply of eggs.

‘Media Is Getting It Wrong’

Full-time fourth-generation farmer Ioan Humphreys told The Epoch Times that there is going to be an “egg shortage.”

Humphreys has a farm in Wales with 32,000 free-range hens. On Nov. 8 he posted a video to Twitter that had over 125,000 views in which he argued that “avian flu is not the main reason we’re in an egg shortage. Supermarkets doing as they please again.”

On Thursday, he posted another video in which he said that “the mainstream media can’t get their head around the fact that it’s the supermarkets’ fault for this egg shortage, not avian flu.”

Humphreys claims the supermarkets are not paying farmers for the eggs despite upping the price for the consumer. The price increase is not reaching farmers even though costs for producing feed, electricity, and new birds have gone up.

“They are taking things a bit overboard by rationing, it’ll create panic buying. The media is getting it wrong by saying it’s bird flu when it’s the supermarkets not buying for a fair price which is the issue,” he told The Epoch Times.

“There is going to be an egg shortage, there will be less, and farmers can’t afford to produce,” he said.

“There was bird flu last year and there wasn’t a shortage of eggs because we could afford to produce,” he added.

Last week, a spokesman for the British Free Range Egg Producers Association, told The Epoch Times that over a third of egg farmers are considering quitting the industry because they say it is no longer economically viable to farm hens.

The issue of rationing reached the House of Commons on Thursday.

Labour MP Dan Jarvis asked environment secretary Therese Coffey, “Avian influenza has meant that the British Free Range [Egg] Producers Association have said that a third of members have cut back on production, so, can the secretary of state say what the government is doing to help poultry farmers through what is a very challenging time?”

“The minister for food, farming, and fishing is meeting the industry on a regular basis, a weekly basis, is my understanding,” said Coffey.

“I think it’s fair to say retailers have not directly contacted the department to indicate supply chains, although I am conscious of what is happening in individual shelves,” she said.

“But recognising there are still about nearly 14 million egg-laying hens available, I’m confident we can get through this supply difficulty in the short term,” added Coffey.

Andrew Opie, director of food and sustainability at the British Retail Consortium, told The Epoch Times by email: “While avian flu has disrupted the supply of some egg ranges, retailers are experts at managing supply chains and are working hard to minimise impact on customers. Some stores have introduced temporary limits on the number of boxes customers can buy to ensure availability for everyone.”

“Supermarkets source the vast majority of their food from the UK and know they need to pay a sustainable price to egg farmers but are constrained by how much additional cost they can pass onto consumers during a cost-of-living crisis,” he added.

end

5.RUSSIA AND MIDDLE EASTERN AFFAIRS

Kiev/Ukraine

This will be very troublesome for citizens of Kiev: the city has lost 40% of their energy system. The city has already witnessed its first snow and freezing temperatures

(zerohedge)

Ukraine Has Lost 40% Of Energy System As Kyiv Sees First Snow, Freezing Temps

FRIDAY, NOV 18, 2022 – 11:15 AM

Ukraine’s largest city and capital of Kyiv, with about 3 million residents, saw half its home and businesses plunged into darkness following Tuesday’s largescale Russian airstrikes which once again targeted energy infrastructure nationwide. Much of the electricity was restored in the capital city Wednesday, while much of it remained off in many other parts of the country.

In a rare occurrence, most of the western city of Lviv had also been plunged into darkness this week, after what authorities called the biggest wave of Russian strikes on power facilities since the invasion began.

“Photos of Kyiv draped in darkness have become a shareable illustration of winter in Ukraine this year: dark, cold, dangerous,” observed The Hill. “Ukraine’s energy infrastructure is under attack from Russia, which has failed to defeat Ukrainian forces on the battlefield and is now once again targeting civilians.”

An estimated 100 missiles had rained down on Ukrainian cities over the span of just a couple hours on Tuesday, chiefly targeting the energy grid.

President Zelensky had already earlier in November warned that 40% of the country’s energy system has been destroyed.

One Kyiv resident, Vladimir Yanachuk, was cited in NPR as saying, “We are not afraid about this. Ukrainians are not afraid about this,” while acknowledging: “Winter will be hard. But this winter will be hard not only for Ukrainians, but for Russian soldiers too.”

Temperatures in the capital and other parts of Ukraine have dipped below freezing this week, with the first snow fall of the season dusting Kyiv.

The AFP reports, “The first snow of the winter falls on Maidan Square in Kyiv, blanketing its statues and anti-tank obstacles as the Ukrainian capital faces blackouts and power outages from a fresh series of Russian strikes targeting the country’s energy infrastructure.”

Meanwhile The New York Times notes the continued emergency that the country’s vital nuclear power plants are facing, given they themselves must rely on the national grid for aspects of their normal operations.

NetBlocks metrics on the day of Russia’s large-scale strikes this week…

“Ukraine relies on its three working nuclear power plants — Khmelnytskyi, Rivne and South Ukraine — to generate much of the power used in the country. It is now struggling to keep open these Ukrainian-controlled plants amid Russia’s assault on the energy grid,” The Times reports.

end

UKRAINE//RUSSIA/MALAYSIA AIRLINE

Court Blames Russia For Missile That Struck Malaysia Airlines Plane, Killing Nearly 300

A court in the Netherlands has determined that a Russian-made missile was fired by two Russian nationals and a Ukrainian citizen, leading to the downing of Malaysia Airlines flight MH17 which killed nearly 300 people.

“The court is of the opinion that MH17 (Flight 17) was brought down by the firing of a BUK missile from a farm field near Pervomaisk, killing all 283 passengers and 15 crew members,” presiding judge Hendrik Steenhuis said, per Reuters.

The case is different from that of Malaysia Airlines Flight 370, which disappeared around four months earlier and has remained a mystery.

As the Epoch Times notes, the statement was issued in the trial of several Russians and a separatist Ukrainian who were found guilty in absentia of the mass murder for their alleged involvement in shooting down Flight 17 over eastern Ukraine.

Russians Igor Girkin, Sergey Dubinskiy, and Oleg Pulatov and Ukrainian separatist Leonid Kharchenko were on trial at the Schiphol Judicial Complex in Badhoevedorp, Netherlands, according to reports. Pulatov was acquitted while the three others were found guilty.

None of the defendants appeared for the trial that began in March 2020, and if they’re convicted, it’s unlikely they’ll serve any sentence anytime soon. Prosecutors had sought life sentences for all four. Prosecutors and the suspects have two weeks to file an appeal.

In a statement responding to the verdict, the US state department said:

The United States welcomes today’s decision finding three members of Russian proxy forces in eastern Ukraine guilty for their roles in the downing of Malaysia Airlines Flight MH17. The decision by the District Court of The Hague is an important moment in ongoing efforts to deliver justice for the 298 individuals who lost their lives on July 17, 2014.

Today’s decision is the result of sustained work by a Joint Investigation Team comprised of authorities from the Netherlands, Australia, Belgium, Malaysia, and Ukraine, and reflects the Netherlands’ firm commitment to establish the truth and pursue accountability in this case. While this is a solid step towards justice, more work lies ahead to meet the UN Security Council’s demand in resolution 2166 that “those responsible…be held to account.”

Russia, meanwhile, slammed the verdict as ‘politically motivated.’

According to the Russian Foreign Ministry, the Dutch court was “under unprecedented pressure” during the hearings, adding “There can be no talk of objectivity and impartiality under such circumstances.”

The Russians pointed to alleged attempts by Dutch “politicians, prosecutors and media to impose a politically motivated verdict” in the case. “We deeply regret the fact that The Hague District Court disregarded the principle of impartiality of justice in favor of the current political situation.”

end

\IRAN/

This is getting more violent

(zerohedge)

Protesters Set Fire To Iconic Home Of Islamic Republic Founder Ayatollah Khomeini

FRIDAY, NOV 18, 2022 – 10:03 PM

A major development Thursday and Friday in Iran strongly suggests the protests crisis is escalating and will grow more violent, as hundreds of demonstrators set their sights on the historic and iconic “house of Ruhollah Khomeini” – the revolutionary hardline Islamic cleric credited with founding and leading the Islamic Republic.

The “anti-hijab” protests which have raged for two months are now attempting to destroy the republic’s most sacred symbols, after a Tehran court began handing out the country’s first death sentences to protesters, or “rioters” as state authorities have called them.

Reports AFP, “Protesters in Iran have set on fire the ancestral home of the Islamic Republic’s founder Ayatollah Ruhollah Khomeini.”

The report further confirms that “The house in the city of Khomein in the western Markazi province was shown ablaze late Thursday with crowds of jubilant protesters marching past, according to images posted on social media, verified by AFP.”

The report also cites regional gulf sources to say the anti-government crowds are declaring that current Supreme Leader Ali Khamenei “will be toppled.”

The protests have at times gotten violent, with buildings across various cities burned down, and also with live fire used by security services to quell the unrest. Last week hardliners in parliament demanded that authorities take a harsher stance in order to finally halt the so-called “anti-hijab” demonstrations.

Likely to further fuel the anger in the streets is the increasingly harsh stance the country’s judiciary is taking toward the protests. On Thursday three more Iranians were sentenced to execution, after the first such unprecedented sentence for “rioting” was handed down earlier in the week.

According to Al Jazeera:

The Iranian judiciary said late on Sunday that an unnamed individual has been sentenced to execution for “setting fire to a government center, disturbing public order and collusion for committing crimes against national security” in addition to “moharebeh” (waging war against God) and “corruption on Earth”.

Five more unnamed people, who authorities described as “rioters” – a word the government uses to describe the ongoing protests and those participating in them – were handed between five and 10 years in prison on national security-related charges.

More such extreme penalties are expected, given that Tehran officials have long accused the protest movement of being fueled by Iran’s enemies such as Israeli and US intelligence, hence the charge of “collusion for committing crimes against national security.”

The Iranian Kurdistan region has continued to be a hotbed of unrest and anti-government demonstrations:

At this point at least 326 people have died, including deaths among the police and security services. The White House has meanwhile said it stands in solidarity with the protesters, in what Tehran has taken as a declaration of regime change coming from the Biden administration.

END

6. GLOBAL ISSUES//COVID ISSUES//VACCINE ISSUES.

Vaccine//Covid issues: Injuries

They are all criminals and totally nuts

(zerohedge)

G20 Pushes Vaccine Passports For All Future International Travel

FRIDAY, NOV 18, 2022 – 12:45 PM

The G20 has issued a formal decree promoting vaccine passports as preparation for any future pandemic response in its final communique. Indonesian Health Minister Budi Gunadi Sadikin, speaking on the matter on behalf of the G20 host country, had earlier in the summit called for a “digital health certificate” using WHO standards.

Sadikin advocated for that he dubbed a “digital health certificate” which shows whether a person has been “vaccinated or tested properly” so that only then “you can move around”. Watch his comments during a G20 Bali panel discussion earlier in the week…

A somewhat more vaguely-worded version of these recommendations was included in the official G20 leaders’ declaration, which calls for digital COVID-19 certificates, or often simply called vaccine passports.

The section of the final communique, which is republished and available on the White House website, which deals with vaccines and the Covid-19 pandemic begins, “We recognize that the extensive COVID-19 immunization is a global public good and we will advance our effort to ensure timely, equitable and universal access to safe, affordable, quality and effective vaccines, therapeutics and diagnostics (VTDs).”

While describing the need for greater collaboration among nations during any future pandemic response, it continues in this section, “We remain committed to embedding a multisectoral One Health approach and enhancing global surveillance, including genomic surveillance, in order to detect pathogens and antimicrobial resistance (AMR) that may threaten human health.”

And then the following is introduced in Article 23:

We acknowledge the importance of shared technical standards and verification methods, under the framework of the IHR (2005), to facilitate seamless international travel, interoperability, and recognizing digital solutions and non-digital solutions, including proof of vaccinations.

We support continued international dialogue and collaboration on the establishment of trusted global digital health networks as part of the efforts to strengthen prevention and response to future pandemics, that should capitalize and build on the success of the existing standards and digital COVID-19 certificates.

Interestingly, the next paragraph of the formal declaration, article 24, goes on to describe the need to for global institutions to fight against ‘disinformation’.

Article 24 of the final G20 declaration begins, “The COVID-19 pandemic has accelerated the transformation of the digital ecosystem and digital economy.”

And then leads into to the following statement later in the section: “We acknowledge the importance to counter disinformation campaigns, cyber threats, online abuse, and ensuring security in connectivity infrastructure.”

So as predicted by many early on in the pandemic (who were all dismissed and condemned as “conspiracy theorists”), a future proposed standardized vaccine passport will be accompanied by efforts for greater standardization and policing against ‘disinformation’ – likely to include any speech critical of the type of regimen that G20 leaders wish to enact.

As for the type of speech which will be allowed under such a program, it’s helpful to recall the New Zealand prime minister’s words…

GLOBAL ISSUES: FOOD INFLATION//SHORTAGES IN GENERAL

Escobar: The G20’s Balinese Geopolitical Dance

A must read: Pepe Escobar breaks down what happened at the G20 meeting in Bali

(zerohedge)

Authored by Pepe Escobar via The Asia Times,

Xi has few reasons to take Biden – rather, the group writing every script in the background – at face value…

Balinese culture, a perpetual exercise in sophisticated subtlety, makes no distinction between the secular and the supernatural – sekala and niskala.

Sekala is what our senses may discern. As in the ritualized gestures of world leaders – real and minor – at a highly polarized G20.

Niskala is what cannot be sensed directly and can only be “suggested”. And that also applies to geopolitics.

The Balinese highlight may have featured an intersection of sekala and niskala: the much ballyhooed Xi-Biden face-to-face (or face to earpiece).

The Chinese Ministry of Foreign Affairs preferred to cut to the chase, selecting the Top Two highlights.

1. Xi told Biden – rather, his earpiece – that Taiwan independence is simply out of the question.

2. Xi also hopes that NATO, EU and US will engage in “comprehensive dialogue” with Moscow.

Asian cultures – be they Balinese or Confucianist – are non-confrontational. Xi laid out three layers of common interests: prevent conflict and confrontation, leading to peaceful coexistence; benefit from each other’s development; and promote post-COVID global recovery, tackle climate change and face regional problems via coordination.

Significantly, the 3h30 meeting happened at the Chinese delegation’s residence in Bali, and not at the G20 venue. And it was requested by the White House.

Biden, according to the Chinese, affirmed that the US does not seek a New Cold War; does not support “Taiwan independence”; does not support “two Chinas” or “one China, one Taiwan”; does not seek “decoupling” from China; and does not want to contain China.

Now tell that to the Straussians/neo-cons/neoliberalcons bent on containing China. Reality spells out that Xi has few reasons to take “Biden” – rather the combo writing every script in the background – at face value. So as it stands, we remain in niskala.

That zero-sum game

Indonesian President Joko “Jokowi” Widodo was dealt a terrible hand: how to hold a G20 to discuss food and energy security, sustainable development, and climate issues, when everything under the sun is polarized by the war in Ukraine.

Widodo did his best, urging all at the G20 to “end the war”, with a subtle hint that “being responsible means creating not zero-sum situations.”

The problem is a great deal of the G20 arrived in Bali bent on zero-sum – seeking confrontation (with Russia) and hardly any diplomatic conversation.

The US and UK delegations avowedly wanted to snub Russian Foreign Minister Sergey Lavrov every step of the way. France and Germany is a different matter: Lavrov did speak briefly with both Macron and Scholz. And told them Kiev wants no negotiation.

Lavrov also revealed something quite significant for the Global South:

“US and the EU have given the UN Secretary General written promises that restrictions on the export of Russian grain and fertilizers will be lifted – let’s see how this is implemented.”

The traditional group photo ahead of the G20 – a staple of every summit in Asia – had to be delayed. Because – who else – “Biden” and Sunak, US and UK, refused to be in the same picture with Lavrov.

Such childish, un-diplomatic hysterics is profoundly disrespectful towards ritual Balinese graciousness, politeness and a non-confrontational ethos.

The Western spin is that “most G20 countries” wanted to condemn Russia in Ukraine. Nonsense. Diplomatic sources hinted it may be in fact a 50/50 split. Condemnation comes from Australia, Canada, France, Germany, Italy, Japan, South Korea, UK, US and EU. Non-condemnation from Argentina, Brazil, China, India, Indonesia, Mexico, Saudi Arabia, South Africa, Turkiye and of course Russia.

Graphically: Global South against Global North.

So the joint statement will refer to the impacts of the “war in Ukraine” on the global economy, and not “Russia’s war in Ukraine”.

The collapse of the EU economy

What was not happening in Bali enveloped the island in an extra layer of niskala. Which brings us to Ankara.

The fog thickened because on the backdrop of the G20, the US and Russia were talking in Ankara, represented by CIA director William Burns and SVR (Foreign Intel) director Sergei Naryshkin.

No one knows what exactly was being negotiated. A ceasefire is only one among possible scenarios. And yet heated rhetoric from NATO in Brussels to Kiev suggests escalation prevailing over some sort of reconciliation.

Kremlin spokesman Dmitry Peskov was adamant; de facto and de jure, Ukraine can’t and does not want to negotiate. So the Special Military Operation (SMO) will continue.

NATO is training fresh units. Next possible targets are the Zaporizhzhya nuclear power plant and the left bank of the Dnieper – or even more pressure in the north of Lugansk. For their part, Russian military channels advance the possibility of a winter offensive on Nikolaev: only 30 km away from Russian positions.

Serious Russian military analysts know what serious Pentagon analysts must also know: Russia used at best only 10% of its military potential so far. No regular forces; most of them are DPR and LPR militias, Wagner commandos, Kadyrov’s Chechens and volunteers.

The Americans suddenly interested in talking, and Macron and Scholz approaching Lavrov, point to the heart of the matter: the EU and the UK may not survive next winter, 2023-2024, without Gazprom.

The IEA has calculated that the overall deficit by then will approach 30 billion cubic meters. And that presupposes “ideal” circumstances this coming winter: mostly warm; China still under lockdowns; much lower gas consumption in Europe; even increased production (from Norway?)

The IEA ‘s models are working with two or three waves of price increases in the next 12 months. EU budgets are already on red alert – compensating the losses caused by the current energy suicide. By the end of 2023, that may reach 1 trillion euros.

Any additional, unpredictable costs throughout 2023 mean that the EU economy will completely collapse: industry shutdown across the spectrum, euro in free fall, rise of inflation, debt corroding every latitude from the Club Med nations to France and Germany.

Dominatrix Ursula von der Leyen, leading the European Commission (EC), of course should be discussing all that – in the interests of EU nations – with global players in Bali. Instead her only agenda, once again, was demonization of Russia. No niskala here; just tawdry cognitive dissonance.

end

PAUL ALEXANDER

COVID Taliban: “G20 promotes vaccine passports for future pandemic response; Vaccine passports have already laid the foundation for a different threat to humanity: perspective”; yes, COVID Taliban

To the malfeasant untermenche, these low life form people: we do not want their digital passports & please shove it up their corrupted thieving arses. You COVID Taliban do not seem to understand

DR. PAUL ALEXANDERNOV 17ENDDevastating COVID vaccine booster results, Israel data: “Six-Month Follow-up after a Fourth Pfizer (BNT162b2) Vaccine Dose” (Canetti and Regev-Yochay); additional immunologic advantage of the fourthdose was much smaller and had waned completely by 13 weeks after vaccination. This finding correlated with waning vaccine effectiveness among recipients of a fourth dose, see Fig 1 (A, B, C) belowDR. PAUL ALEXANDERNOV 17 SAVE ▷  LISTEN SOURCE:https://www.nejm.org/doi/full/10.1056/NEJMc2211283
endHuge story!! The corrupt FTX funded the fake Ivermectin study
Bankrupt Cryptocurrency Exchange Funded Fake Ivermectin StudiesFTX funded studies (using depositors’ assets) falsely claiming hydroxychloroquine, ivermectin weren’t effective Covid treatments.DR PANDANOV 16 SAVE ▷  LISTEN In 2021, there was a study in the New England Journal of Medicine that declared Ivermectin ineffective against COVID-19. Remember it? And it seems that the now-bankrupt cryptocurrency exchange FTX funded it. Headed by Sam Bankman-Fried (SBF), who donated almost $40 million to Democrats this election cycle, trailing only George Soros, who donated about $128 million.The FTX Foundation on May 16th “proudly” announced more financial support for the “global expansion of the TOGETHER Trial.” This triggered the lead researchers of their COVID-19 trial to be awarded the ‘Trial of the Year’ Award on the very same day! This is a very prestigious award from the Society for Clinical Trials in San Diego, which apparently can be bought? Wonder if they will revoke the award like the International Academy did with New York Governor Cuomo’s Emmy.From FTX’s press release:“Each year the SCT presents one award for a randomized clinical trial published the previous year that best exemplifies five key criteria including improvements to humankind and provides a basis for substantial and beneficial changes to health care.”“The TOGETHER Trial is the largest placebo-controlled COVID-19 trial and has, so far, evaluated 11 different treatments for COVID-19. On May 16, the TOGETHER trial receives the award and announces more than $18 million in funding and purchase commitments from the FTX Foundation that will enable the expansion of the trial from Braziland Canada, to include experienced sites in South Africa, Rwanda, the Democratic Republic of the Congo, the Bahamas, Pakistan, Vietnam, and Ghana.”Continued in the press release are several quotes from lead researchers and FTX employees, all of whom celebrate and praise the “achievement.” (In other related news several other studies, including another study in Brazil, found ivermectin helps to reduce the risk of death by 92%. There’s even a whole website that links to news reports and medical studies).David Henderson over at EconLib found The TOGETHER Trial of Ivermectin Isn’t All That Together: “It is not nearly as conclusive and persuasive as the two doctors’ quotes and other media coverage would lead us to believe.” He goes on to say:“Further, ivermectin is widely available in Brazil as an over-the-counter drug — unlike in most clinical trials, where the drug under study is available only via the trial. Prospective participants who wanted ivermectin because they believed they had COVID could have taken it on their own and thus would be disinclined to enroll in a trial where they faced a 50 percent chance of getting a placebo. Further, those who wanted ivermectin likely would have had a serious case of COVID; hence their desire for the drug. Therefore, we can assume that the trial participants skewed toward those who considered themselves at low risk from the illness. This conflicts with the stated goal of the trial, which was to study high-risk patients.In the end, none of this mattered. FTX funded a trial and got what they paid for, with presumably stolen cryptocurrency investors’ money.The study’s conclusion: “Treatment with ivermectin did not result in a lower incidence of medical admission to a hospital due to progression of Covid-19 or of prolonged emergency department observation among outpatients with an early diagnosis of Covid-19.”The results of FTX’s ivermectin study was widely cited by mainstream media as the final reason that ivermectin wasn’t effective.The FTX Foundation also says they are/were invested in “next-generation coronavirus vaccines.”Share FTX is very interesting as it’s just beginning to unravel as we learn something new each day. If you’d like to go down the FTX rabbit hole, I’ll post a few tweets/graphics below. You may be interested to learn their ties to the Democrats, Biden, the WEF, and more.Thanks for reading everyone!Open in app or online Myocarditis/pericarditis, anaphylaxis, & encephalitis following mRNA Pfizer gene injection (vaccine); a reminder to you of what is at stake & why you MUST not take these fraud failed ineffective shot DR. PAUL ALEXANDERNOV 17 SAVE ▷  LISTEN SOURCE:Near real-time surveillance of safety outcomes in US COVID-19 vaccine recipients aged 12 to 64 yearsendBREAKING COVID VACCINE study by Naveed et al.: “Comparative Risk of Myocarditis/Pericarditis Following Second Doses of BNT162b2 and mRNA-1273 Coronavirus Vaccines”; simple study, devastating mRNA VAX!British Columbia study to compare the risk of myocarditis, pericarditis & myopericarditis between BNT162b2 & mRNA-1273; 2- to 3-fold higher odds among individuals who received Moderna; Zachary StieberDR. PAUL ALEXANDERNOV 17 SAVE ▷  LISTEN An observational study and you must leave the role of confounding in the interpretation.However, sufficiently well done to allow some concerning conclusions that add to the already existing body of evidence of the devastating inflammatory consequences of these mRNA vaccines, especially on the cardiac muscle and function. Evidence is now clear since February 2021 when the COVID gene injection was rolled out, that the injection is a principle contributor to the unexpected cardiac arrests and deaths, heart attacks, myocardial infarctions, strokes, cardiac arrhythmias, and heart failure. The evidence today is now devastatingly clear that the COVID gene injection wreaks havoc on the myocardium.endOpen in app or online Respiratory Syncytial Virus (RSV) & Pfizer’s RSV trial of maternal injections; are we being played? Is RSV media frenzy designed to panic public & help Pfizer get FDA EUA approval of RSV maternal jab?EUA is for RSV vaccine to be given to pregnant women in late 2nd or 3rd trimester to protect infants as soon as they are born? Is this all a con by Pfizer & FDA, alike for the COVID gene injection?DR. PAUL ALEXANDERNOV 16 SAVE ▷  LISTEN I am making the argument that the rise in RSV infection in children and a host of other infections and diseases (and not just in children) we are seeing in children (reported) is potentially linked to the COVID school closures and lockdowns and masking etc. that prevented the immune systems of children from being properly trained and developed (especially blocking innate antibodies that are critical to educating and training the innate immune system, natural killer cells (NK cells) etc.).It is highly likely that we weakened and subverted normally functional immune systems in our healthy populations (especially children) and now we are paying the price as societies re-open. Immune systems must be tuned and taxed daily for proper development and training in handling existing pathogen and for future exposures.
endOpen in app or online Member of European (MEP) tells it plainly “we have been lied to on all things COVID”…well, it took you ding dongs long enough, but this MEP has been out front fighting early; “Pfizer promoted theirvaccines as something they are not”; they knew they have no evidence to support that the vaccines work and reduce transmission, “they lied, they forced their product on as much people as possible”DR. PAUL ALEXANDERNOV 16 SAVE ▷  LISTEN Antonio Tweets @AntonioTweets2 Wow. An MEP Exposes Some of the Many Covid Lies in the European Parliament… 2:47 AM ∙ Nov 15, 2022https://twitter.com/AntonioTweets2/status/1592348654853292033?utm_source=substack&utm_medium=email
end

VACCINE IMPACT

VACCINE INJURY/

MICHAEL EVERY/RABOBANK

Michael Every on the day’s most important events:

END

7.OIL ISSUES/USA AND THE WORLD/NATURAL GAS/DIESEL ETC

end

8 EMERGING MARKET& AUSTRALIA ISSUES & OTHER EMERGING NATIONS

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

Euro/USA 1.0382 UP 0.0021 /EUROPE BOURSES // ALL GREEN

USA/ YEN 139.99 DOWN 0.434/NOW TARGETS INTEREST RATE AT .25% AS IT WILL BUY UNLIMITED BONDS TO GETS TO THAT LEVEL…//YEN TOTALLY COLLAPSES//

GBP/USA 1.1921 UP 0.0064

Last night Shanghai COMPOSITE CLOSED DOWN 18.19 PTS OR 0.58%

Hang Sang CLOSED DOWN 53.12 POINTS OR 0.29%

AUSTRALIA CLOSED UP 0.21% // EUROPEAN BOURSE: ALL GREEN

Trading from Europe and ASIA

I) EUROPEAN BOURSES ALL GREEN

2/ CHINESE BOURSES / :Hang SANG CLOSED DOWN 53,12 PTS OR 0.29%

/SHANGHAI CLOSED DOWN 18.19 PTS OR 0.58%

AUSTRALIA BOURSE CLOSED UP 0.21%

(Nikkei (Japan) CLOSED DOWN 30.18 OR 0.11%

INDIA’S SENSEX IN THE GREEN

Gold very early morning trading: 1764.20

silver:$21.21

USA dollar index early FRIDAY morning: 106.36 DOWN.23 POINTS from THURSDAY’s close.

FRIDAY MORNING NUMBERS ENDS

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And now your closing FRIDAY NUMBERS 1: 00 PM

Portuguese 10 year bond yield: 2.94% DOWN 20 in basis point(s) yield

JAPANESE BOND YIELD: +0.243% UP 0 AND 3710 BASIS POINTS /JAPAN losing control of its yield curve/

SPANISH 10 YR BOND YIELD: 3.03%// DOWN 17 in basis points yield

ITALIAN 10 YR BOND YIELD 3.888 UP 13 points in basis points yield ./ THE ECB IS QE ITALIAN BONDS (BUYING ITALIAN BONDS/SELLING GERMAN BUNDS)

GERMAN 10 YR BOND YIELD: FALLS TO +2.017% DOWN 13 BASIS PTS

END

IMPORTANT CURRENCY CLOSES FOR FRIDAY

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

Euro/USA 1.0319 DOWN .0042 or 42 basis points//

USA/Japan: 140.371 DOWN 0.55 OR YEN UP 55 basis points/

Great Britain/USA 1.1882 UP .0025 OR 25 BASIS POINTS //

Canadian dollar DOWN .0052 OR 52 BASIS pts to 1.3295

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The USA/Yuan, CNY: closed ON SHORE (CLOSED ..UP) AT 7.1198

THE USA/YUAN OFFSHORE: (YUAN CLOSED (UP)…. 7.1240

TURKISH LIRA: 18.62 EXTREMELY DANGEROUS LEVEL/DEATH WISH/HYPERINFLATION TO BEGIN.

the 10 yr Japanese bond yield at +0.243

Your closing 10 yr US bond yield UP 4 IN basis points from THURSDAY at 3.825% //trading well ABOVE the resistance level of 2.27-2.32%) very problematic

USA 30 yr bond yield 3.925 UP 4 in basis points

Your closing USA dollar index, 106.89 UP .50 PTS ON THE DAY/1.00 PM/

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

London: CLOSED UP 38.98 PTS OR 0.53%

German Dax : CLOSED UP 165.48 POINTS OR 1.16%

Paris CAC CLOSED UP 68.34 PTS OR 1.04%

Spain IBEX CLOSED UP 87.10 OR 1.08%

Italian MIB: CLOSED UP 335.51 PTS OR 1.38%

WTI Oil price 80.23 12: EST

Brent Oil: 87,83 12:00 EST

USA /RUSSIAN /// DOWN TO: 60.540/ ROUBLE UP 0 AND 13/100 RUBLES/DOLLAR

GERMAN 10 YR BOND YIELD; +2.017

UK 10 YR YIELD: 3.2670

CLOSING NUMBERS: 4 PM

Euro vs USA: 1.03419 DOWN .0042 OR 42 BASIS POINTS

British Pound: 1.1883 UP .0045 or 45 basis pts

BRITISH 10 YR GILT BOND YIELD: 3.2670%

USA dollar vs Japanese Yen: 140.371 DOWN 0.055/YEN UP16 BASIS PTS//

USA dollar vs Canadian dollar: 1.3389 UP 0.00564 (CDN dollar, DOWN 64 basis pts)

West Texas intermediate oil: 80.23

Brent OIL: 87.83

USA 10 yr bond yield UP 4 BASIS pts to 3.825%

USA 30 yr bond yield UP 4 BASIS PTS to 3.925%

USA dollar index:106.38 UP 30 POINTS

USA DOLLAR VS TURKISH LIRA: 18.62

USA DOLLAR VS RUSSIA//// ROUBLE: 60.540 UP 0 AND 13/100 ROUBLES

DOW JONES INDUSTRIAL AVERAGE: UP 199.37 PTS OR 0.59%

NASDAQ 100 DOWN 0.16 PTS OR 0.00%

VOLATILITY INDEX: 23.12 DOWN 0.81 PTS (3.38)%

GLD: $162.29 DOWN 1.13 OR 0.69%

SLV/ $19.25 DOWN $0.04 OR 0.21%

end)

USA trading day in Graph Form

Stocks, Gold, Crude, & The Yield Curve Tumble After Weeklong Flood Of Hawkish FedSpeak

FRIDAY, NOV 18, 2022 – 11:01 PM

After last week’s CPI-driven dovish market response, The Fed unleashed hell on the ‘hopers’ this week, crushing pause/pivot/slow-down believers.

16 different speeches from Fed speakers this week – all with the same message: higher rates for longer; no pause or pivot imminent…

Some highlights included:

Bostic: more rate-hikes needed, “must keep rates at peak” until inflation on track for 2%
Bullard: rates could rise to 7%, “burned two years in a row on inflation optimism”
Waller: Fed still has “long way to go” on rate-hikes
Daly: “pause is off the table“
Kashkari: “not seeing evidence of underlying demand cooling“, “not there yet” to pause rate-hikes
Collins: 75bps still on the table, “no clear evidence that inflation coming down”

Putting this all together, we saw terminal Fed rate expectations surge this week, erasing all of the post-CPI ‘pause hope’ plunge (and rate-cut expectations fall also)…

Source: Bloomberg

At the same time, Leading Economic Indicators (LEI) are down 10 months in a row and now notable negative on a YoY basis…

All of which sent all the US majors red on the week with Small Caps and Nasdaq the biggest losers. A late-day vert-ramp as the tail of $2.1 trillion in options expired sent The Dow back up to unch on the week. Overall a noisy week with Nasdaq up 2% early in the week and down 2.5% later in the week…

It’s been a very defensive week with Staples and Utes outperforming (and along with Healthcare the only sectors green) as Consumer Discretionary was weakest…

Source: Bloomberg

The dash-for-trash post-CPI has largely reversed this week with unprofitable tech stocks clubbed like a baby seal (-14% from Tuesday’s highs after a 30% ramp from Friday’s CPI)…

Source: Bloomberg

And almost perfectly the same, the big short squeeze was eviscerated this week as “most shorted” stocks tumbled 11% this week…

Source: Bloomberg

It’s been a year since the peak of stocks and Nasdaq is down over 30%, Small Caps -25%, S&P down just under 18%, and The Dow only down around 9%…

Source: Bloomberg

VIX was puked to a 22 handle today as OpEx flows hit…

Source: Bloomberg

What next for VIX?

Source: Bloomberg

While all the major US equity markets were lower on the week, Treasuries were very mixed with the short-end clubbed like a baby seal (2Y +17bps) as the long-end yields dropped 9bps with 10Y flat…

Source: Bloomberg

For context, all yields are lower post-CPI but the short-end is underperforming (30Y yields down 35bps)…

Source: Bloomberg

The 30Y yields shifted back below, and held below, 4.00%…

Source: Bloomberg

All of which sent the yields curve to its most inverted in multiple decades. Literally the entire curve is inverted…most notably The Fed’s favorite, 3m10Y spread, is near record lows/inversion…

Source: Bloomberg

…2s30s is back at the September lows…

Source: Bloomberg

The dollar limped higher on the week after extending post-CPI losses earlier in the week…

Source: Bloomberg

Cryptos were relatively stable this week after all the FTX fiasco. Solana was SBF’d a bit more though while Bitcoin was unchanged…

Source: Bloomberg

Bitcoin and crypto have notably decoupled recently with the correlation between the two crashing to -0.45 – the lowest since February…

Source: Bloomberg

Commodities were ugly this week with oil monkeyhammered down over 10% and gold outperforming (down only 1.2%)…

Source: Bloomberg

Gold held above $1700 however…

Source: Bloomberg

WTI tumbled to a $77 handle intraday, its lowest since late September…

Source: Bloomberg

Interestingly, the last few weeks have seen the price of oil fade notably relative to gold after being rangebound for most of the year. 1 Oz of Gold now buys 22 barrels of oil…

Source: Bloomberg

Finally, Fed Chair Jay Powell’s favorite yield curve indicator is screaming rate-cuts. As Bloomberg reports, in March, Powell touted the three-month bill yield out to 18 months as the yield curve with “100%” explanatory power.

“If it’s inverted, that means the Fed’s going to cut, which means the economy is weak,” he said.

Thursday, the curve inverted for the first time since the onset of the global financial crisis and it closed inverted again today…

Source: Bloomberg

Earlier this month, Powell walked back his view a bit, saying the curve could also invert if investors are pricing in “significant declines” in inflation.

USA ELECTION RESULTS:

EARLY MORNING TRADING

ii) USA DATA

US Existing Home Sales Are Crashing At Their Fastest Pace ‘Since Lehman’

FRIDAY, NOV 18, 2022 – 05:08 PM

The first glimpse of October’s housing market (after September’s slump) is not a pretty one as US existing home sales in October collapsed 5.9% MoM (slightly better than the 6.6% expected). That is the 9th straight monthly decline in sales.

This monthly decline pushed the year-over-year drop in existing home sales to -28.4% – its worst level since 2008!

Source: Bloomberg

Absent the nadir of the COVID lockdowns, this is the lowest existing home sales SAAR since Dec 2011…

“More potential homebuyers were squeezed out from qualifying for a mortgage in October as mortgage rates climbed higher,” said NAR Chief Economist Lawrence Yun.

“The impact is greater in expensive areas of the country and in markets that witnessed significant home price gains in recent years.”

Total housing inventory registered at the end of October was 1.22 million units, which was down 0.8% from both September and one year ago (1.23 million). Unsold inventory sits at a 3.3-month supply at the current sales pace, up from 3.1 months in September and 2.4 months in October 2021.

“Inventory levels are still tight, which is why some homes for sale are still receiving multiple offers,” Yun added.

“In October, 24% of homes received over the asking price. Conversely, homes sitting on the market for more than 120 days saw prices reduced by an average of 15.8%.“

The median existing-home price for all housing types in October was $379,100, a gain of 6.6% from October 2021 ($355,700), as prices rose in all regions.

This marks 128 consecutive months of year-over-year increases, the longest-running streak on record.

Finally, we note a potential silver lining for November data as mortgage rates plunged by nearly a half-percent this week, marking the largest week-over-week decline since November 1981. The rate on the average 30-year fixed mortgage fell to 6.61% from 7.08% the week prior, according to Freddie Mac, which this week changed its methodology calculating rates.

The drop follows a sharp decline in the yield on the 10-year Treasury last week after a government showed inflation cooled last month.

All-cash sales accounted for 26% of transactions in October, up from 22% in September and 24% in October 2021.

END

III) USA ECONOMIC STORIES.

Dwindling US Cattle Herd Implies Supermarket Beef Prices May Rise Even More

FRIDAY, NOV 18, 2022 – 03:00 AM

The US Department of Agriculture will release a report Friday that might show ranchers sent the fewest cattle to feedlots in a decade. Cattle generally spend several months at feedlots while they grow and gain body fat and muscle before being transported to a meat packing plant. Fewer cattle at feedlots may only imply dwindling beef supplies and high prices at the supermarket.

Bloomberg’s average estimate for cattle placed into feedlots in October is about 2.17 million, a decline from nearly 2.5 million in early 2019 (right before the virus pandemic), and the lowest level since 2012.

“That’s a reversal from recent months, when ranchers faced with dwindling supplies and sharply higher prices for hay moved more animals off the ranch, helping to keep meat supplies relatively plentiful. Fewer animals moving closer to slaughter would signal herds are shrinking, which will likely mean higher meat prices down the road,” Bloomberg said.

… and meat is becoming a luxury: ground beef prices per pound at the supermarket are up 25% since early 2020 and more than 134% since 2009.

But don’t worry because supermarkets are finalizing plans to stock insects on their shelves and market them as an affordable food source for people struggling to purchase groceries.

end

Chemical Shippers Warn Rail Strike Could Hasten Recession

By Joanna Marsh of FreightWaves,

A potential rail strike could be the catalyst that brings the U.S. economy into a full-on recession, the American Chemistry Council warned on Wednesday in an economic analysis of the impacts on its industry and others.

“[If a strike lasts one month, it] would likely put a major chill on several leading economic indicators through the first half of 2023,” ACC said in a release about the report.

The group, which represents chemical shippers, determined a strike could result in 700,000 lost jobs across multiple industries, as well as cause a 4% spike in the producer price index (PPI), a 1% contraction of the U.S. gross domestic product (GDP) and pull out almost $160 billion from the economy.

According to the U.S. Bureau of Labor Statistics, the PPI measures the average change over time of the selling prices received by domestic producers for their output.

If a strike continues for another month, the two months combined could result in the PPI increasing by 12% and cause the GDP to contract by 2%.

“A rail strike could shove the economy out of recovery mode and into a recession,” ACC Chief Economist Martha Moore said in a news release. “A prolonged strike would have an exponential effect for each additional month and drag the country into a potential recession much faster.”

A rail strike could curtail production at ACC member facilities because they typically don’t have more than four to five days’ worth of empty cars or raw materials on hand, according to the report. If facilities aren’t able to receive the supplies they need after roughly a week, they could be forced to shut down.

ACC and other shippers have urged Congress to prevent a rail strike, sending a letter recently to the majority and minority leaders in the U.S. Senate and House of Representatives.

Should a strike appear imminent, Congress should pass legislation that would enact the labor contract terms that the unions and the railroads agreed to in September, ACC said.

Shippers’ groups are concerned that a strike could occur should members of the two largest rail unions — the ones representing locomotive engineers and train conductors — decide against ratifying their labor agreements with the railroads. The results of their votes on whether to approve a new deal will be announced Monday.

Three other rail unions have already voted against ratifying their labor agreements and headed back to the bargaining table.

Sick leave policies could be one of the sticking points for those unions, although the railroads have indicated publicly a reluctance to budge, opting instead for that discussion to occur outside of contract negotiations, per recommendations by the U.S. president-appointed board that convened over the summer to help resolve the multiyear negotiations impasse.

If members of the locomotive engineers and train conductors’ unions vote against ratification, members could opt to engage in a strike but only after a cooling-off period, per federal law. That stretch for some of the five remaining unions ends Dec. 4, although that timetable could be extended to Dec. 9 if they align their ending dates for the periods.

end

Mass exodus of employees as they all in mass refuse to accept freedom of speech. now operations is at risk

(zerohedge)

Twitter On Lock Out After Mass Resignation Exodus; Operations At Risk

FRIDAY, NOV 18, 2022 – 05:31 AM

Hundreds of Twitter’s remaining employees have reportedly resigned ahead of Elon Musk’s “extremely hardcore” cultural reset of the company. After Musk gave an ultimatum to his employees to either commit to the company’s new “hardcore” work environment or leave, many more workers declined to sign on than he expected, potentially putting Twitter’s operations at risk, according to Bloomberg sources, as well as internal Slack messages seen by The Verge and employee tweets.

On Thursday afternoon, so many employees decided to take severance that it created a cloud of confusion over which people should still have access to company property. According to a memo seen by Bloomberg and reports from Platformer’s Zoe Schiffer, Twitter closed its offices until Monday; urging employees to “please continue to comply with company policy by refraining from discussing confidential information on social media, with the press or elsewhere.”

According to Bloomberg, in the final hours before his deadline, Musk tried to convince people to stay. Key staff were brought into meetings as the Thursday evening deadline neared to hear pitches on the social network’s future, according to people familiar with the matter. Musk, who had earlier said he was strictly against remote work, also sent a follow-up email Thursday softening his tone.

“All that is required for approval is that your manager takes responsibility for ensuring that you are making an excellent contribution,” he wrote, adding that staffers should have in-person meetings with their colleagues not less than once per month.

Despite the ultimatum, no Twitter employees have been deactivated — even those who’ve publicly resigned, the Platformer also reported, adding that “Musk and his team only collected the list of “yes’s” — employees who said they want to be part of Twitter 2.0. They’re still trying to track who is out.”

Elon’s attempt to ease the terms of the ultimatum wasn’t enough, and Twitter’s internal communications channels filled with employees offering a salute emoji, which has become a symbol for departing the company. Former staff tweeted the salute publicly, too, along with their internal Slack messages.

Some employees who were departing speculated that so many were leaving, along with their knowledge of how the product works, that the social network may have trouble fixing problems or updating systems during its normal operations, according to people familiar with the matter. Indeed, starting around 4pm ET or around the time of the resignation wave, Down Detector has observed a surge in Twitter outages.

Adding to the complexity of Musk’s attempt to overhaul the company, there have been reports that the designers leading Musk’s Blue verified project have also quot, along with the lead web engineer. Furthermore, Many Twitter employees who maintained critical infrastructure have resigned.

As reported earlier, Musk on Wednesday had asked employees to formally state whether they were willing to keep working at the company – a commitment that would include “working long hours at high intensity.” Employees had until 5 p.m. Eastern time Thursday to fill out a Google form.

The form included just one possible response: “Yes.” Anyone who failed to accept the form by the deadline was told they would be out of the company with three months severance.

“I’m not pressing the button,” one departing employee posted in Slack according to The Verge. “My watch ends with Twitter 1.0. I do not wish to be part of Twitter 2.0.”

The ultimatum came less than two weeks after he laid off 50% of Twitter’s workforce, or roughly 3,700 employees. Many Twitter workers consulted lawyers this week to determine what to do. The form included almost no details about the severance packages, and it was not immediately clear whether employees would receive legal protections that would allow them to keep vesting stock awards or maintain insurance coverage.

Twitter had roughly 2,900 remaining employees before the deadline Thursday. Remaining and departing Twitter employees told The Verge that, given the scale of the resignations this week, they expect the platform to start breaking soon. One said that they’ve watched “legendary engineers” and others they look up to leave one by one.

“It feels like all the people who made this place incredible are leaving,” the Twitter staffer said. “It will be extremely hard for Twitter to recover from here, no matter how hardcore the people who remain try to be.”

Multiple “critical” engineering teams inside Twitter have now either completely or near-completely resigned, said another employee who requested anonymity to speak without Musk’s permission. For example, the team that maintains Twitter’s core system libraries that every engineer at the company uses is gone after Thursday. “You cannot run Twitter without this team,” the employee said.

Departing employees also tweeted their decisions to leave:

While those departing the company may think it’s a jobseeker’s market they may be surprised at how rapidly the Silicon Valley job market has turned against them.

Meanwhile, Twitter recruiters have already started reaching out to outside engineers to see if they want to join “Twitter 2.0 – an Elon company,” according to a message sent to one recruit that was seen by The Verge.

“I have worked here at Twitter for over 11 years,” one employee wrote in Twitter’s Slack as the salute emojis poured in Thursday. “Back in July, I was the 27th most tenured employee at the company. Now I’m the 15th.”

Meanwhile, Musk reportedly brought back leaders who had departed, either as part of his own layoffs or through resignation, to convince others to stay, A Bloomberg source said. One returning leader is Ella Irwin, who will manage employees in Trust and Safety.

Musk later sent a follow-up email on remote work, according to a screenshot viewed by Bloomberg. “Any manager who falsely claims that someone reporting to them is doing excellent work or that a given role is essential, whether remote or not, will be exited from the company.”

end

Biden asks Supreme Court to resume student debt forgiveness plan

(zerohedge)

Biden Admin Warns Of Bankruptcy Surge As It Asks Supreme Court To Resume Student Debt Forgiveness Plan

FRIDAY, NOV 18, 2022 – 05:40 AM

Biden’s student loan forgiveness plan is going to the Supreme Court.

After Biden’s plan to buy votes in exchange for forgiving a portion of one’s student loan was halted by two federal courts in recent weeks, both of which found it to be unconstitutional, the admin’s Justice Department is asking for quick action to block both rulings and allow the plan to take effect even as it plays out in the nation’s courts.

As a result, the White House plans to ask the Supreme Court to reinstate the president’s student debt cancellation plan, according to a Thursday legal filing warning that :Americans will face financial strain if the plan remains stalled in court” when loan payments are scheduled to restart in January.

In a legal filing Thursday, the administration announced plans to appeal one of those rulings, by a federal appeals court in St. Louis, to the nation’s highest court. It also said it’s prepared to appeal the other case if needed.

The White House has said it will prevail, but even supporters of the plan worry about its chances before a conservative Supreme Court that has scaled back Biden’s authority in other ways, including in a June decision curbing the Environmental Protection Agency’s ability to limit power plan emissions.

Keeping the debt relief on hold would leave the government with an “unnecessarily perilous choice,” the administration argued in its filing. If it restarts student loan payments as planned on Jan. 1, millions of Americans will get billed for debt that was promised to be canceled. Which probably means the president should not have promised to cancel it; meanwhile if the government extends the payment pause, it will cost billions of dollars in lost revenue. It builds on arguments the administration made in other filings this week, warning that many Americans won’t be able to pay their student debt bills in January if the cancellation plan remains halted.

Biden’s plan promises $10,000 in federal student debt forgiveness to those with incomes of less than $125,000, or households earning less than $250,000. Pell Grant recipients, who typically demonstrate more financial need, are eligible for an additional $10,000 in relief.

Almost 26 million people already have applied for the relief, with 16 million approved, but the Education Department stopped accepting and processing applications last week after the plan was ruled illegal.

For typical borrowers, monthly payments would be $200 to $300 higher than they would be if Biden’s plan goes through, the Education Department said. The strain could lead to soaring default rates, and push the country into an even deeper recession.

“We anticipate there could be an historically large increase in the amount of federal student loan delinquency and defaults as a result of the COVID-19 pandemic,” Education Undersecretary James Kvaal said in a Tuesday filing. “This could result in one of the harms that the one-time student loan debt relief program was intended to avoid.”

In other words, the president is hoping that his unconstitutional scheme in which taxpaying citizens fund the liberal education of deadbeats so the US recession isn’t even deeper than it currently is, is overturned by a conservative dominated supreme court. GLWT.

end

If these guys are laying off, and this will continue in 2023, then we are in a depression

(zerohedge)

Amazon Layoffs Will Continue in 2023 As “Economy In Challenging Spot”

FRIDAY, NOV 18, 2022 – 01:55 PM

Amazon CEO Andy Jassy wrote in a memo shared with employees and published on the company’s website that layoffs will continue through early 2023, indicating the souring macroeconomic backdrop has put the company in a “challenging spot” after years of “rapid hiring.”

“Our annual planning process extends into the new year, which means there will be more role reductions as leaders continue to make adjustments. Those decisions will be shared with impacted employees and organizations early in 2023,” Jassy wrote in the memo.

He continued: “Amazon has weathered uncertainty and difficult economies in the past, and we will continue to do so.”

Earlier this week, NYTimes published a report that America’s second-largest employer [Amazon] is preparing to cut 10,000 jobs in its retail division and human resources segments.

Jassy didn’t say how many employees will get fired early next year but did point out there will be “reductions in our Stores and [People, Experience, and Technology] organizations.”

“We haven’t concluded yet exactly how many other roles will be impacted (we know that there will be reductions in our Stores and PXT organizations), but each leader will communicate to their respective teams when we have the details nailed down.”

Amazon’s announcement comes after a massive surge in tech layoffs this month (conveniently after the midterm elections). Notice momentum in layoffs is rapidly accelerating.

We should also note the story count for articles across the internet about job cuts, firings, and layoffs has just spiked to the highest levels since 2014/15. This may indicate trouble ahead for the economy and a possible peak in treasury yields.

Here’s Jassy’s memo to staff and the public about layoffs continuing through early next year:

Two weeks ago, Beth shared that S-team and I decided to pause new incremental hires in our corporate workforce. Today, I want to share some information about role eliminations. We are in the middle of our annual operating planning review where we look at each of our businesses and make decisions about what we believe we should change. Leaders across the company are working with their teams and looking at their workforce levels, investments they want to make in the future, and prioritizing what matters most to customers and the long-term health of our businesses. This year’s review is more difficult due to the fact that the economy remains in a challenging spot and we’ve hired rapidly the last several years.

Yesterday, we communicated the difficult decision to eliminate a number of positions across our Devices and Books businesses, and also announced a voluntary reduction offer for some employees in our People, Experience, and Technology (PXT) organization. Our annual planning process extends into the new year, which means there will be more role reductions as leaders continue to make adjustments. Those decisions will be shared with impacted employees and organizations early in 2023. We haven’t concluded yet exactly how many other roles will be impacted (we know that there will be reductions in our Stores and PXT organizations), but each leader will communicate to their respective teams when we have the details nailed down. And, as has been the case this week, we will prioritize communicating directly with impacted employees before making broad public or internal announcements.

I’ve been in this role now for about a year and a half, and without a doubt, this is the most difficult decision we’ve made during that time (and, we’ve had to make some very tough calls over the past couple of years, particularly during the heart of the pandemic). It’s not lost on me or any of the leaders who make these decisions that these aren’t just roles we’re eliminating, but rather, people with emotions, ambitions, and responsibilities whose lives will be impacted. We are working to support those who are affected and trying to help them find new roles on teams that have a need; and in cases where that’s not possible, we are offering packages that include a separation payment, transitional health insurance benefits, and external job placement support.

Amazon has weathered uncertainty and difficult economies in the past, and we will continue to do so. We have big opportunities ahead, both in our more established businesses like Stores, Advertising, and AWS, but also in our newer initiatives that we’ve been working on for a number of years and have conviction in pursuing (e.g. Prime Video, Alexa, Kuiper, Zoox, and Healthcare). The key will be to do what Amazon does best – obsess over customers and invent relentlessly on their behalf – and if we do that, we should all be very optimistic about Amazon’s future. I know I am.

I want to thank each of you for your continuing contributions during this challenging time and as we gear up to deliver for customers during the busy shopping season.

Thanks,

Andy

SWAMP STORIES

KING REPORT

GREG HUNTER REPORT/

Trump Runs, Biden Investigated, Deepening Economic Collapse

Trump Runs, Biden Investigated, Deepening Economic Collapse

By Greg Hunter On November 18, 2022 In Weekly News Wrap-Ups9 Comments

By Greg Hunter’s USAWatchdog.com (WNW 556 11.18.22)

There was a huge political news story this week, but you would not have known it if you listened to the Lying Legacy Media (LLM). They simply did not cover Donald J. Trump’s announcement to run for President again in 2024 on Tuesday, 11/15/22. That’s not big news? Of course, it is no matter if you like him or not. This proves beyond a shadow of a doubt that the so-called “news” organizations are in the tank for the globalist cabal, and that includes leadership of BOTH parties.

It is a miracle, but the Republicans won control of the House of Representatives. First on the “to do list” is investigate President Joe Biden. The incoming House leadership is investigating Biden for felonies such as wire fraud and money laundering, just to name a few. Meanwhile, the Governor’s race in Arizona is still contested by Kari Lake, and she has no plans to concede. The LLM is calling her an “Election Denier,” but she says Arizonians know BS when they see it. The 2022 Midterm election there will probably be settled in court. There are some other election hot spots, and Pennsylvania is on that list. Patriots there are trying to stop the certification because of irregularities and fraud.

Anybody still thinking the Fed is going to “pivot” and start lowering interest rates is in dream land. The Fed’s new Fed Funds target rate is as high as 7%. The Fed Funds rate is now around 4%. The Fed is determined to fight inflation and the economy, and employment be damned. No doubt the FTX crypto implosion is going to lead to huge economic problems and expose major parts of the financial and political system to be a total fraud fest. This while new Shadowstats.com data and analysis is showing a “deepening economic collapse.” Take some risk off the table and harden your physical and financial position.

There is much more in the 58-Minute Newscast.

Join Greg Hunter of USAWatchdog.com as he talks about these stories and more in the Weekly News Wrap-Up for 11.18.22.

(sawatchdog.com/trump-runs-biden-investigated-deepening-economic-collapse/

(Tech Note: If you do not see the video, know it is there. Unplug your modem and plug it back in after 30 sec. This will clear codes that may be blocking you from seeing it. In addition, try different browsers. Also, turn off all ad blockers if you have them. All the above is a way to censor people like USAWatchdog.com.)

Just a little note telling you that I am going to take a 3 week break

from writing my blogs, starting on the 16th of November.. I will write some of the major events but it will not be in detail

i am a little burnt out so i am taking a rest. Just a little note telling you that I am going to take a 3 week break

from writing my blogs, starting on the 17th of November.. I will write some of the major events but it will not be in detail

i am a little burnt out so i am taking a rest.

SEE YOU SOON

Bix Weir support@roadtoroota.com via aweber.com	3:24 AM (1 hour ago)
to me