GOLD PRICE CLOSE: UP $8.75 at $1741.40

SILVER PRICE CLOSE: UP 70 cents to $21.25

Access prices: closes : 4: 15 PM

Gold ACCESS CLOSE 1749.00

Silver ACCESS CLOSE: 21.25

New: early yesterday morning//

Bitcoin morning price:

Bitcoin: afternoon price: $16, 500 UP 361

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: $23.75 up 27.68

BRITISH GOLD: 1693.34 up 10.03 pounds per oz

EURO GOLD: 1463.77 up 7.93 euros per oz

DONATE

EXCHANGE: COMEX

EXCHANGE: COMEX
CONTRACT: NOVEMBER 2022 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,740.100000000 USD
INTENT DATE: 11/28/2022 DELIVERY DATE: 11/30/2022
FIRM ORG FIRM NAME ISSUED STOPPED

118 C MACQUARIE FUT 1 51
190 H BMO CAPITAL 1
435 H SCOTIA CAPITAL 7
737 C ADVANTAGE 42
800 C MAREX SPEC 18
905 C ADM 2

TOTAL: 61 61

MONTH TO DATE: 8,716

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

GOLD: NUMBER OF NOTICES FILED FOR NOV. CONTRACT: 61 NOTICES FOR 6100 OZ or 0.1897 TONNES

total notices so far: 8716 contracts for 871600 oz (27.110 tonnes)

SILVER NOTICES: 83 NOTICE(S) FILED FOR 871,000OZ/

total number of notices filed so far this month 745: for 3,725,000 oz

END

GLD

WITH GOLD DOWNxxx

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 $.000

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 FELL BY A HUGE SIZED 4,722 CONTRACTS TO 122,077 AND FURTHER FROM THE RECORD HIGH OI OF 244,710, SET FEB 25/2020 AND THE STRONG LOSS IN COMEX OI WAS ACCOMPLISHED WITH OUR 91 CENT LOSS IN SILVER PRICING AT THE COMEX ON MONDAY. OUR SHORTERS/HFT WERE SUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT FELL BY $0.91., AND WERE SUCCESSFUL IN KNOCKING OFF SOME SPEC LONGS, AS WE HAD A HUGE SIZED LOSS IN OUR TWO EXCHANGES OF 3499 CONTRACTS. WE HAD A SOME ATTEMPTED SPEC SHORT COVERINGS OF THEIR SHORTFALLS WITH SOME SUCCESS .WE HAD SOME SPEC SHORT ADDITIONS AS THE PRICE OF THE METAL WAS BASICALLY FLAT . // 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. TODAY SPREADER LIQUIDATION CONTINUES

WE MUST HAVE HAD:
I) SOME ATTEMPTED (WITH SOME 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 FAIR ISSUANCE OF EXCHANGE FOR PHYSICALS iiii) AN INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 1.045 MILLION OZ FOLLOWED BY TODAY’S 415,000 E>F>P>JUMP//NEW STANDING:3,725,000 MILLION OZ/ / // V) STRONG SIZED COMEX OI LOSS/

I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL:- 426

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 20 days, total 26,393 contracts: 131.965 million oz OR 6.60 MILLION OZ PER DAY. (1319 CONTRACTS PER DAY)

TOTAL EFP’S FOR THE MONTH SO FAR: 131.965MILLION 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: 131.965 MILLION OZ

RESULT: WE HAD A HUGE SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 4722 WITH OUR $0.91 LOSS IN SILVER PRICING AT THE COMEX// MONDAY.,. THE CME NOTIFIED US THAT WE HAD A HUGE SIZED EFP ISSUANCE CONTRACTS: 797 CONTRACTS ISSUED FOR MAR 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 415,000 E>F>P>JUMP/ .. WE HAVE A FAIR SIZED LOSS OF 3925 OI CONTRACTS ON THE TWO EXCHANGES FOR 17.50 MILLION OZ.. THE SILVER SHORTS ARE NOW TRAPPED AS THEY ARE HAVING CONSIDERABLE DIFFICULTY IN COVERING THOSE SHORTS. SPREADER LIQUIDATION WAS THE NAME OF THE GAME TODAY

WE HAD 83 NOTICE(S) FILED TODAY FOR 415,000 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 3923 CONTRACTS TO 437,841 AND FURTHER FROM 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 250 CONTRACTS.

THE FAIR SIZED DECREASE IN COMEX OI CAME WITH OUR GAIN IN PRICE. WE ALSO HAD A HUGE INITIAL STANDING IN GOLD TONNAGE FOR NOV. AT 12.386 TONNES ON FIRST DAY NOTICE FOLLOWED BY TODAY’S 6,000 OZ QUEUE JUMP //(QUEUE JUMPING = EXERCISING LONDON BASED EFP’S WILL CONTINUE UNTIL MONTH’S END)

YET ALL OF..THIS HAPPENED WITH OUR LOSS IN PRICE OF $13.00 WITH RESPECT TO MONDAY’S TRADING

WE HAD A FAIR SIZED LOSS OF 4173 OI CONTRACTS (10.802 PAPER TONNES) ON OUR TWO EXCHANGES..

E.F.P. ISSUANCE

THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A SMALL SIZED 700 CONTRACTS:

The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 437,601

IN ESSENCE WE HAVE A FAIR SIZED DECREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 3423 CONTRACTS WITH 4,173 CONTRACTS DECREASED AT THE COMEX (SHORT SPECULATORS FAILING TO GET OUT OF THEIR MESS) AND 700 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI LOSS ON THE TWO EXCHANGES OF 3423 CONTRACTS OR 10.802 TONNES.

CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES

WE HAD A FAIR SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (700 ACCOMPANYING THE FAIR SIZED LOSS IN COMEX OI (4173)TOTAL LOSS IN THE TWO EXCHANGES 3223 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 6,000 OZ //NEW STANDING 27.110 TONNES///3) ZERO LONG LIQUIDATION //// //.,4) HUGE SIZED COMEX OPEN INTEREST LOSS 5) FAIR ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER/SPREADER LIQUIDATION COMMENCED

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. :

71,387 CONTRACTS OR 7,138,700 O Z OR 222.04TONNES 20 TRADING DAY(S) AND THUS AVERAGING: 3569 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 20 TRADING DAY(S) IN TONNES:222.04 TONNES

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

THUS EFP TRANSFERS REPRESENTS 222.04/3550 x 100% TONNES 6.25% 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. 222.04 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, FELL BY A STRONG SIZED 4722 CONTRACTS OI TO 122,503 AND FURTHER FROM 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 700 CONTRACTS

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

FEB 700 ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 700 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. IF WE TAKE THE COMEX OI LOSS OF 4173 CONTRACTS AND ADD TO THE 700OI TRANSFERRED TO LONDON THROUGH EFP’S,

WE OBTAIN A STRONG SIZED LOSS OF 3473 OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES.

THUS IN OUNCES, THE LOSS ON THE TWO EXCHANGES 10.802 MILLION OZ//

OCCURRED WITH OUR LOSS IN PRICE OF $0.91….. 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/silver commentaries

6. Commodity commentaries//

7/CRYPTOCURRENCIES/BITCOIN ETC

3. ASIAN AFFAIRS

i)MONDAY MORNING//SUNDAY 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 SIZE OF 4173 CONTRACTS DOWN TO 437,601 WITH THE FALL IN PRICE..$13.00

EXCHANGE FOR PHYSICAL ISSUANCE

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

THAT IS 700 EFP CONTRACTS WERE ISSUED: ;: , . 0 FEB: 700 & ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE: 700 CONTRACTS

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

ON A NET BASIS IN OPEN INTEREST WE LOST THE FOLLOWING TODAY ON OUR TWO EXCHANGES: A STRONG SIZED TOTAL OF 3473 CONTRACTS IN THAT 700 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE HAD A STRONG SIZED COMEX OI LOSS OF 4173 CONTRACTS..AND THIS STRONG SIZED LOSS ON OUR TWO EXCHANGES HAPPENED WITH OUR FALL IN PRICE OF GOLD $13.00. WE ARE 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 (27.110TONNES),

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 27.110 TONNES/INITIAL (TOTAL SO FAR THIS YEAR 564.435 TONNES)

THE SPECS/HFT WERE SUCCESSFUL IN LOWERING GOLD’S PRICE //// (IT FELL $13.00) BUT WERE SUCCESSFUL IN KNOCKING OFF SOME SPECULATOR LONGS AS WE HAD A FAIR LOSS OF 3473 CONTRACTS ON OUR TWO EXCHANGES. WE HAD SOME SPEC SHORT ADDITIONS AND CONSIDERABLE SPEC SHORT COVERINGS.. WE HAD A STRONG SIZED LOSS ON OUR TWO EXCHANGES OF 3473 CONTRACTS.// WE HAVE LOST A TOTAL OI OF 10.802 PAPER TONNES OF TOTAL OI FROM OUR TWO EXCHANGES, ACCOMPANYING OUR GOLD TONNAGE STANDING FOR NOV. (27.110 TONNES)…THIS WAS ACCOMPLISHED WITH OUR LOSS IN PRICE OF $13.00 WE WITNESSED SPREADER LIQUIDATION TODAY

WE HAD -250 CONTRACTS COMEX TRADES REMOVED. THESE WERE REMOVED AFTER TRADING ENDED LAST NIGHT

NET LOSS ON THE TWO EXCHANGES 3473CONTRACTS OR 347300 OZ OR 10.802 TONNES

Estimated gold volume 110,230// awful//

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

INITIAL STANDINGS FOR NOVEMBER 2022 COMEX GOLD //NOV 29

Gold	Ounces
Withdrawals from Dealers* Inventory in oz*	nil oz
Withdrawals from Customer* Inventory in oz*	249,370.926 oz Brinks Malca Manfra
Deposit to the Dealer* Inventory in oz*	nil
Deposits to the Customer* Inventory, in oz*	niloz
No of oz served (contracts) today	61 notice(s) 6100 OZ 0,6584 TONNES
No of oz to be served (notices)	0 contracts 0 oz 0.000 TONNES
Total monthly oz gold served (contracts) so far this month	8716 notices 871600 27.116 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:3

i) OUt of Brinks: 217,573.857 oz

ii) Out of Malca: 24,884.874 oz

iii) Out of Manfra: 6,430.000 (2,00 kilobars)

total: 249,370.976 oz

total in tonnes: 7.7756onnes

Adjustments: 2// customer to dealer

i) Brinks; 89,990.649 oz

ii) Loomis: 18,615.429 oz

CALCULATIONS FOR THE AMOUNT OF GOLD STANDING FOR NOVEMBER.

For the front month of NOVEMBER we have an oi of 61 contracts having LOST 152 contracts. We had 212 notices served on MONDAY so we gained a STRONG 60 CONTRACTS or an additional 6000 OZ (0.1922 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 CONSIDERABLE 31,585 contracts DOWN to 28,340.DEC WILL BE A DILLY OF A DELIVERY MONTH.

JANUARY GAINED 273 contracts to stand at 1423

February gained 35,567contacts up to 353,536

We had 61 notice(s) filed today for 6100 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 61 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 0 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 (8716 x 100 oz , to which we add the difference between the open interest for the front month of (NOV 61 CONTRACTS) minus the number of notices served upon today 61 x 100 oz per contract equals 865,600OZ OR 27.110TONNES 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 (8716 x 100 oz+ (61 OI for the front month minus the number of notices served upon today (61} x 100 oz} which equals 865,600 oz standing OR 27.110 TONNES in this NON active delivery month of NOV..

TOTAL COMEX GOLD STANDING: 27.110TONNES (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: 1,951,105.234 OZ 60.68tonnes

TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED: 23,405,909.793OZ

TOTAL REGISTERED GOLD: 11,186,280.997 OZ (347.94 tonnes)..dropping fast

TOTAL OF ALL ELIGIBLE GOLD: 12,219,628.276 OZ

REGISTERED GOLD THAT CAN BE SERVED UPON: 9,235,185OZ (REG GOLD- PLEDGED GOLD) 287.25 tonnes//rapidly declining

END

SILVER/COMEX

NOV 29//INITIAL NOV. SILVER CONTRACT

Silver	Ounces
Withdrawals from Dealers* Inventory*	NIL oz
Withdrawals from Customer Inventory	939,105.688 oz Brinks Manfra CNT:
Deposits to the Dealer* Inventory*	nil OZ
Deposits to the Customer Inventory	79,268.830 oz Delaware
No of oz served today (contracts)	83 CONTRACT(S) (415,000OZ)
No of oz to be served (notices)	0 contracts (0 oz
Total monthly oz silver served (contracts)	745 contracts (3,725.000 oz)
Total accumulative withdrawal of silver from the Dealers* inventory this month*	NIL oz
Total accumulative withdrawal of silver from the Customer* inventory this month*

i) 0 dealer deposit

total dealer deposits: nil oz

i) We had 0 dealer withdrawal

total dealer withdrawals: oz

We have 3 withdrawals out of the customer account

i)Out of Brinks 402,571.793 oz

ii) OUt of Manfra: 65,982.330 oz

iii) out CNT 470,591.560 oz

Total withdrawals: 939,105.688 oz

JPMorgan has a total silver weight: 150.59million oz/296,022 million =50.67% of comex .//dropping fast

Comex deposits: 1
i) Into Delaware: 79,265.830 oz

total deposit 79,265.830 oz

adjustments: dealer to customer

i) Loomis: 14,238.369 oz

ii) Manfra: 1,058,942.675 oz

the silver comex is in stress!

TOTAL REGISTERED SILVER: 34.098MILLION OZ (declining rapidly)

TOTAL REG + ELIG. 296,022 MILLION OZ (also declining)

CALCULATION OF SILVER OZ STANDING FOR SEPT

silver open interest data:

FRONT MONTH OF NOV OI: 83 CONTRACTS HAVING LOST 1 CONTRACT(S.)

WE HAD 0 NOTICES FILED ON MONDAY, SO WE LOST 83 CONTRACTS OR AN ADDITIONAL 415,000 OZ WILL NOT STAND

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

DECEMBER SAW A LOSS OF 12,636 CONTRACTS DOWN TO 7304

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

JANUARY SAW A LOSS OF 70 CONTRACTS UP TO 1689 CONTACTS.

TOTAL NUMBER OF NOTICES FILED FOR TODAY:83 for 415,000 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 745x 5,000 oz = 3,725,000 oz

to which we add the difference between the open interest for the front month of NOV( 83) and the number of notices served upon today 83x (5000 oz) equals the number of ounces standing.

Thus the standings for silver for the NOV../2022 contract month: 745 (notices served so far) x 5000 oz + OI for front month of NOV (83 – number of notices served upon today (83)x 50070 oz of silver standing for the NOV. contract month equates 3,725,000 oz.

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 19

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 19

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 .

end

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

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

/4. OTHER PHYSICAL SILVER/GOLD COMMENTARIES

5. Commodity commentaries//

6/CRYPTOCURRENCIES/BITCOIN ETC

.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

AND NOW NEWSQUAWK (EUROPE/REPORT)

i)MONDAY MORNING// SUNDAY NIGHT

2 a./NORTH KOREA/ SOUTH KOREA/

///NORTH KOREA/SOUTH KOREA/

end

2B JAPAN

JAPAN

END

3c CHINA

CHINA/ECONOMY

end

CHINA/COVID

Beijing Police Checking People’s Phones For Social Media Apps Amid Mass Protests: Report

TUESDAY, NOV 29, 2022 – 02:20 AM

Mass protests against China’s ‘zero-covid’ policy have spread to Hong Kong, after demonstrators on the mainland began demanding that President Xi Jinping resign.Protesters hold blank pieces of paper in Beijing on Sunday. Photo: Bloomberg via Getty Images

Around 50 students at the Chinese University of Hong Kong were pictured chanting “No PCR tests but freedom!” and “Opposed dictatorship, don’t be slaves!” while holding up blank pieces of paper – which have become a symbol of protest against China’s clampdown on freedom of expression, according to Axios. The blank paper protests were previously seen during the Hong Kong protests in 2020, and earlier this year during demonstrations against the Russian invasion of Ukraine.Protesters hold up blank white papers during a commemoration for victims of a recent Urumqi deadly fire in Central in Hong Kong, Monday, Nov. 28, 2022. (AP Photo/Kanis Leung)

Anti-lockdown protests spread throughout several cities over the weekend, including Beijing, Shanghai and Wuhan – which were largely muted on Monday after police moved out in force.

Meanwhile, police in Beijing, Shanghai and Hangzhou have reportedly been checking the phones of random citizens to look for unapproved social media apps. If they found Twitter or Telegram, the personal information would be taken down and the person would receive a warning. Any resistance would be met with a report, according to DW News correspondent William Yang.

On Monday, a BBC reporter who was arrested over the weekend while covering the protests reported that police were checking people’s phones for photos, and forcing people to delete them (or have them deleted).

.E4.EUROPEAN AFFAIRS//UK AFFAIRS//

5.TURKEY?SYRIA?KURDS

Escobar: Operation Claw-Sword – Erdogan’s Big New Games In Syria

TUESDAY, NOV 29, 2022 – 09:00 AM

Authored by Pepe Escobar,

There’s another Special Military Operation on the market. No, it’s not Russia “denazifying” and “demilitarizing” Ukraine – and, therefore, it’s no wonder that this other operation is not ruffling feathers across the collective West.

Operation Claw-Sword was launched by Turkey’s President Recep Tayyip Erdogan as revenge – highly emotional and concerted – for Kurdish terrorist attacks against Turkish citizens. Some of the missiles that Ankara launched in this aerial campaign carried the names of Turkish victims.

The official Ankara spin is that the Turkish Armed Forces fully achieved their “air operation objectives” in the north of Syria and in Iraqi Kurdistan, and made those responsible for the terror attack against civilians in Istanbul’s Istiklal pedestrian street pay in “multitudes.”

And this is supposed to be just the first stage. For the third time in 2022, Sultan Erdogan is also promising a ground invasion of Kurdish-held territories in Syria.

However, according to diplomatic sources, that’s not going to happen – even as scores of Turkish experts are adamant that the invasion is needed sooner rather than later.

The wily Sultan is caught between his electorate, which favors an invasion, and his extremely nuanced relations with Russia – which encompass a large geopolitical and geo-economic arc.

He well knows that Moscow can apply all manner of pressure levers to dissuade him. For instance, Russia at the last minute annulled the weekly dispatch of a joint Russo-Turkish patrol in Ain al Arab that was taking place on Mondays.

Ain al Arab is a highly strategic territory: the missing link, east of the Euphrates, capable of offering continuity between Idlib and Ras al Ayn, occupied by dodgy Turkish-aligned gangs near the Turkish border.

Erdogan knows he can’t jeopardize his positioning as potential EU-Russia mediator while obtaining maximum profit from bypassing the anti-Russian embargo-sanctions combo.

The Sultan, juggling multiple serious dossiers, is deeply convinced that he’s got what it takes to bring Russia and NATO to the negotiating table and, ultimately, end the war in Ukraine.

In parallel, he thinks he may stay on top of Turkey-Israel relations; a rapprochement with Damascus; the sensitive internal situation in Iran; Turkey-Azerbaijan relations; the non-stop metamorphoses across the Mediterranean; and the drive towards Eurasia integration.

He’s hedging all his bets between NATO and Eurasia.

‘Close down all of our southern borders’

The green light for Claw-Sword came from Erdogan while he was on his presidential plane, returning from the G20 in Bali. That happened only one day after he had met US President Joe Biden where, according to a presidential Erdogan statement, the subject had not come up.

“We held no meeting with Mr Biden or [Russian President Vladimir] Putin regarding the operation. They both already know that we can do such things at any moment in this region,” the statement said.

Washington not getting briefed on Claw-Sword mirrored Erdogan not getting invited to an extraordinary G7-NATO meeting in Bali, on the sidelines of the G20.

Then-US vice president Joe Biden (L) speaks with Turkish President Recep Tayyip Erdogan at Beylerbeyi Palace in Istanbul. Photo: AFP / Bulent Kilic

That meeting was called by the White House to deal with the by-now notorious Ukrainian S-300 missile that fell in Polish territory. At the time, no one at the table had any conclusive evidence about what happened. And Turkey was not even invited to the table – which profoundly incensed the Sultan.

So it’s no wonder Erdogan, mid-week, said that Claw-Sword was “just the beginning.” Addressing AKP party lawmakers in Parliament, he said Turkey is determined to “close down all of our southern borders … with a security corridor that will prevent the possibility of attacks on our country.”

The ground invasion promise remains: It will begin “at the most convenient time for us” and will target the regions of Tel Rifaat, Mambij and Kobane, which the Sultan called “sources of trouble.”

Ankara has already wreaked havoc, using drones, on the main headquarters of the US-backed Syrian Democratic Forces, whose commanders believe the main target of a potential Turkish ground invasion would be Kobane.

Significantly, this is the first time a Turkish drone targeted an area extremely close to a US base. And Kobane is highly symbolic: the place where the Americans sealed a collaboration with Syrian Kurds to – in theory – fight ISIS.

And that explains why the Syrian Kurds are appalled by the American non-response to the Turkish strikes. They blame – who else? – the Sultan for stoking “nationalist sentiments” ahead of the 2023 elections, which Erdogan now stands a great chance to win despite the catastrophic state of the Turkish economy.

As it stands, there is no Turkish troop buildup near Kobane – just airstrikes. Which brings us to the all-important Russian factor.

Manbij and Tel Rifaat, west of the Euphrates, are much more important for Russia than Kobane, because they are both vital for the defense of Aleppo against possible Salafi-jihadi attacks.

What may potentially happen in the near future makes the situation even murkier. Ankara intel may use Hayat Tahrir al-Sham jihadis – which have already taken over parts of Afrin – as a sort of “vanguard” in a ground invasion of Syrian Kurd territory.

Selling stolen Syrian oil to Turkey

The current fog of war includes the notion that the Russians may have sold out the Kurds by leaving them exposed to Turkish bombing. That does not hold – because Russia’s influence over Syrian Kurd territory is negligible compared with the US’s. Only the Americans could “sell out” the Kurds.

The more things change, the more they remain the same in Syria. It could all be summarized as a monumental impasse. This gets even more surrealist because, in effect, Ankara and Moscow have already found the solution for the Syrian tragedy.

The problem is the presence of American forces – essentially protecting those shabby convoys stealing Syrian oil. Russians and Syrians always discuss it. The conclusion is that the Americans are staying by inertia. They do it because they can. And Damascus is powerless to expel them.

The Sultan plays the whole thing with consummate cynicism – in geopolitics and geo-economics. Most of what is unresolved in Syria revolves around territories occupied by de facto gangs that call themselves Kurds, protected by the US. They traffic Syrian oil to resell it mostly to … Turkey.

And then, in a flash, armed gangs that call themselves Kurds may simply abandon their “anti-terrorist” fight by … releasing the terrorists they apprehended, thus increasing the “terrorist threat” all over northeast Syria. They blame – who else? – Turkey. In parallel, the Americans increase financial aid to these armed gangs under the pretext of a “war on terror.”

The distinction between “armed gangs” and “terrorists” is of course razor thin. What matters most of all to Erdogan is that he can use the Kurds as a currency in trade negotiations linked to bypassing anti-Russian embargoes and sanctions.

And that explains why the Sultan may decide to bomb Syrian territory whenever he sees fit, despite any condemnation by Washington or Moscow. The Russians once in a while retake the initiative on the ground – as happened during the Idlib campaign in 2020 when Russians bombed the Turkish military forces that were providing “assistance” to Salafi-jihadis.

A view of the site after attacks carried out by Assad regime in Syria on the city center of Idlib on September 7, 2021. Photo: Izzeddin Kasim / Anadolu Agency

Now a game-changer may be on the cards. The Turkish Army bombed the al-Omar oilfield north of Deir ez-Zor. What this means in practice is that Ankara is now destroying no less than the oil infrastructure of the much-lauded “Kurdish autonomy.”

This infrastructure has been cynically exploited by the US when it comes to the oil that reaches the border with Iraq in Iraqi Kurdistan. So in a sense, Ankara is striking against Syrian Kurds and simultaneously against American robbery of Syrian oil.

The definitive game-changer may be approaching. That will be the meeting between Erdogan and Bashar al-Assad, (Remember the decade-long refrain “Assad must go”?)

Location: Russia. Mediator: Vladimir Putin, in person. It’s not far-fetched to imagine this meeting paving the way for those Kurdish armed gangs, essentially played by Washington as useful idiots, to end up being decimated by Ankara.

end

5.//UKRAINE

END

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

Vaccine//Covid issues: Injuries

Confidential Pfizer Documents & New Study confirm COVID ‘Vaccine Shedding’ has been occurring with shocking & dangerous consequences – The Expose

Interesting .. i wonder if this is true over time, especially if one has been taking ivermectin. NAC would remove graphene and the spike proteins would have less chance to attach to anything.
I would wager a study of people who took the shots and were taking ivermectin at the time would show a lessened impact as well. The only lasting impact might be a higher resting heart beat and lessened endurance as a result.

https://expose-news.com/2022/11/26/pfizer-docs-study-confirm-covid-vax-shedding/

Cheers

Robert

end

Fauci Again Defends Chinese Lockdowns

TUESDAY, NOV 29, 2022 – 10:00 PM

Authored by Steve Watson via Summit News,

Anthony Fauci once again defended brutal Chinese lockdowns, admitting that the Communist government is forcefully locking people inside buildings but adding that if it means people get vaccinated then he is “okay” with it.

“China’s official news agency today published an op-ed asserting that the country’s strict COVID measure are scientific and effective. Are they?” host CNN host Jake Tapper asked.

“Well when you want to shut down in order to interrupt immediately a process that’s going on like the spread of infection, there should be a purpose to it like you want to make sure you get enough ventilators or enough PPE or you want to get your population vaccinated,” Fauci responded.

“The comment that I made about their severe actions that they’ve taken is that you have to have an endgame,” Fauci continued, adding “What’s the purpose? If the purpose is let’s get all the people vaccinated, particularly the elderly, then OK. For a temporary period of time to do that, but they have very, very strict type of a lockdown.”

Tapper further stated “obviously I’m not here to defend the Chinese government, but they say they’re doing it just to stop the spread, right?”

Biden Chief Medical Adviser Anthony Fauci on China’s draconian lockdowns: “If the purpose is ‘let’s get all the people vaccinated, particularly the elderly,’ then okay” pic.twitter.com/MMIXJJDpu0— Brad Porcellato (@BradPorcellato) November 29, 2022

Fauci made the comments despite the fact that China has exploded into chaos with protests over the government locking people inside a building in the northwestern Xinjiang region that caught fire, killing up to forty people.

Fauci has continuously expressed support for lockdowns, particularly in China.

Flashback!

In April 2022, Dr. Fauci praises China’s lockdowns: “Better than anyone else” pic.twitter.com/yOSoyeyIVG— Tom Elliott (@tomselliott) November 28, 2022

During the same interview, Fauci claimed that he’s “almost certain” his NIH didn’t fund the gain of function research in Wuhan that led to the lab leak of the particular virus that caused the pandemic:

@R_H_Ebright How many lies were told in this less than two minute segment?— Drew Hawk (@WeGotOneBich) November 28, 2022

That is quite some spin.

As we highlighted yesterday, Fauci blamed President Trump Sunday for China’s continued obfuscation of the origins of COVID, and refused to call China’s actions a “cover up”.

Fauci defends China for covering up COVID origins, blames Trump for it pic.twitter.com/U08yPQxxL5— End Wokeness (@EndWokeness) November 27, 2022

Anthony Fauci is asked if he agrees with using the words “cover-up” and “intentional distortion” to describe China’s role in COVID.

FAUCI: “I don’t know what that means, no.” pic.twitter.com/NbJnIG1AuC— RNC Research (@RNCResearch) November 27, 2022

Meanwhile, the Biden administration has refused to denounce China’s crackdown on protesters, or the Communist state’s Zero COVID lockdown policy:

Could they issue a weaker statement please — Dave Danna (@DaveEDanna) November 28, 2022

Pitiful. At a potentially historic inflection point, Dems shill for the CCP.

Pure weakness from the Biden administration.

It’s almost as if Biden wishes he was driving a tank in Tiananmen Square…. https://t.co/rTx5kkABg4— Ted Cruz (@tedcruz) November 28, 2022

Remember, no Western leaders said a thing about the CCP’s covid zero lockdowns

The same way they are silent about the protests today

They’re all on the same team— Jack Posobiec (@JackPosobiec) November 28, 2022

A reporter asks John Kirby if a statement issued earlier in the day included explicit calls for China to stop detaining and harming protesters and journalists:

“We continue to stand up and support the right of peaceful protests.” pic.twitter.com/B93kDKy2Ak— The Post Millennial (@TPostMillennial) November 28, 2022

A reporter asks John Kirby if Biden supports the efforts of protesters in China to regain personal freedoms in light of lockdowns:

“The White House supports the right of peaceful protest.” pic.twitter.com/68dTtVnAHK— The Post Millennial (@TPostMillennial) November 28, 2022

John Kirby on the protests in China: “The President’s not going to speak for protesters around the world. They’re speaking for themselves.” pic.twitter.com/6Vp7gEGE9h— The Post Millennial (@TPostMillennial) November 28, 2022

Peter Doocy: “Why the White House’s line that ‘Everybody has the right to peacefully protest’ and not ‘The US thinks it’s bad to lock people up in their houses to stop COVID’?”

John Kirby: “We’ve made it clear that a lockdown is not a policy that we’re going to support here.” pic.twitter.com/iaIeHT3tvF— The Post Millennial (@TPostMillennial) November 28, 2022

VACCINE IMPACT

You Are Being Watched! More Security Cameras Per Capita in the U.S. than in China: Silicon Valley Whistleblower

November 28, 2022 5:20 pm

The technology used in China to confine people to quarantine camps and determine social credit scores already exists here in the U.S. also. In fact, according to a Silicon Valley whistleblower, there are more security cameras per capita here in the U.S., right NOW, than there are in China! This is most certainly an important issue that everyone needs to be educated about, and so I highly recommend you spend the time to watch this recent interview with Silicon Valley whistleblower Aman Jabbi who was recently interviewed by Maria Zeee. I used to earn my living from Big Tech, and have been warning people for years that the biggest threat from Big Tech is NOT technology that is supposedly going to replace humans or breed new “transhumans,” but that the biggest threat was from using artificial intelligence (AI) to be able to monitor huge amounts of data to try and track every single person on the face of the planet. But having been out of the technology field for many years now, even I learned many things from this interview with Aman Jabbi, who has since moved out of Silicon Valley to live in a remote area of Montana. Aman’s area of expertise is in camera technology, and watching his presentation introduced me to new concepts I was not previously familiar with, such as geofencing, panopticon, talk pedometers, and LED incapacitators. If you are not familiar with these terms, as I wasn’t, this video is must viewing. It was published a week ago and already has over 270,000 views at the time I am writing this. One of things Aman discussed was the fact that collecting data on children is a “BIG BUSINESS,” and parents are unwittingly supplying this data to Big Tech by using their products, such as the “Talk Pedometer.” This gives the State and Child “Protective” Services a way to spy on parents and take away their children if they don’t approve of their parenting style. Another topic Aman covered in his presentation was “LED Capacitators” and “smart light poles.” These are weapons, and the fact that these LED light weapons exist is not an area of dispute, as there is even a Wikipedia page about them, and law enforcement agencies are allegedly already using them.

DR PAUL ALEXANDER

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

8 EMERGING MARKET& AUSTRALIA ISSUES & OTHER EMERGING NATIONS

Your early currency/gold and silver pricing/Asian and European bourse movements/ and interest rate settings MONDAY 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 MONDAY morning: 106.36 DOWN.23 POINTS from FRIDAY’s close.

MONDAY MORNING NUMBERS ENDS

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

And now your closing MONDAY 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 MONDAY

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

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

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 FRIDAY 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 MONDAY: 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: 1.0243 DOWN .0079 OR 79 BASIS POINTS

British Pound: 1.1818 DOWN .0047 or 47basis pts

BRITISH 10 YR GILT BOND YIELD: 3.228%

USA dollar vs Japanese Yen: 142.09 UP 1.831/YEN DOWN 183BASIS PTS//

USA dollar vs Canadian dollar: 1.3450 UP 0.01016 (CDN dollar, DOWN 102 basis pts)

West Texas intermediate oil: 79.74

Brent OIL: 87.19

USA 10 yr bond yield UP 42BASIS pts to 3.832%

USA 30 yr bond yield UP 2 BASIS PTS to 3.906%

USA dollar index:107,74 UP 391POINTS

USA DOLLAR VS TURKISH LIRA: 18.62

USA DOLLAR VS RUSSIA//// ROUBLE: 60.85 DOWN 0 AND 41/100 ROUBLES

DOW JONES INDUSTRIAL AVERAGE: DOWN 45.41 PTS OR 0.13%

NASDAQ 100 DOWN 123.57 PTS OR 1.06%

VOLATILITY INDEX: 22.41DOWN 0.71PTS (3.07)%

GLD: $161.88 DOWN 0.89 OR 1.58%

SLV/ $19.250DOWN $0.05 OR 0.20%

end)

USA trading day in Graph Form

Big-Tech & Bonds Sink As Global Yield Curve Inverts For First Time In Decades

BY TYLER DURDEN

TUESDAY, NOV 29, 2022 – 11:00 PM

A wave of deflationary impulses overnight from European inflation data combined with headlines suggesting China could be easing its COVID restrictions supported futures overnight but by the time the US cash markets opened, stocks were already leaking lower (not helped by weak housing data).

At around 1057ET, a headline hit that the Chinese city that houses the key iPhone production plant is set to loosen COVID restrictions – which would seem like good news – but instead it sent AAPL reeling and that dragged the entire market lower…

By the close, Small Caps managed gains. The Dow managed to get back to unch with some last minute magic, but Nasdaq the biggest loser…

The S&P traded around CTA momentum triggers:

short-term 3879
medium-term 3969 (most important)
long-term 4064

Fed Chair Powell is due to speak tomorrow – his last public address before the FOMC meeting – which will be followed by Payrolls later in the week, and we suspect some anxiety on positioning is likely to have added to today’s fragility.

Source: Bloomberg

Treasury yields ended higher on the day, with the long-end underperforming as AMZN hit the calendar with some major issuance prompting rate-locks to reverse the TSY gains overnight…

Source: Bloomberg

The 10Y yield spiked up from overnight lows to run stops at Friday’s yield highs…

Source: Bloomberg

The dollar ended the day lower but followed a similar trajectory top yesterday with overnight weakness reversing into gains during the EU/US session…

Source: Bloomberg

Overnight saw a bid hit Bitcoin, lifting the crypto back above $16,500…

Source: Bloomberg

Oil prices ended the day higher – though faced significant intraday volatility amid China and OPEC headlines…

Gold managed gains on the day, despite closing well off the intraday highs…

Finally, for the firs time since at least 2000 (since Bloomberg’s records began), the average yield on global sovereign debt maturing in 10 years or more has fallen below that of securities due in one-to-three years…

“Central bankers paralyzed by inflation fears will keep cash rates anchored in the restrictive zone for longer,” said Prashant Newnaha, a rates strategist at TD Securities Inc. in Singapore.

“This will be a key catalyst for ongoing curve flattening.”

The inversion of the yield curve is typically seen to herald a recession, as investors switch money to longer-term bonds due to pessimism over the economic outlook. Those fears are growing as policy makers around the world pledge further monetary tightening to tame rising consumer prices.USA ELECTION RESULTS:

EARLY MORNING TRADING

ii) USA DATA

END

III) USA ECONOMIC STORIES.

end

SWAMP STORIES

USA ECONOMIN SUPPLY ISSUES

end

SWAMP STORIES

KING REPORT

The King Report November 29, 2022

Independent View of the News

Apple production shortfalls at China plant expected to result in loss of 6 million iPhone Pros
[Due to] Tumult at Apple’s key manufacturing plant in Zhengzhou, China..
https://finance.yahoo.com/finance/news/apple-production-shortfalls-china-plant-104312921.html

@RNCResearch: Biden Chief Medical Adviser Anthony Fauci on China’s draconian lockdowns: “If the purpose is ‘let’s get all the people vaccinated, particularly the elderly,’ then okay…” (special circle of Hell for this) https://twitter.com/RNCResearch/status/1597396068244676610

Tucker Carlson last night reiterated his view that Fauci sent his top assistant to see how China was handling Covid in late 2019. Carlson claims Fauci got the lockdown idea from China.

Deeper Than Expected Black Friday Discounts Stoke Retailer Margin Angst
In-store sales were nothing special, online sales were outstanding, but deep inventory-liquidating discounts… analyst concerns about margins.
    As far as in-store traffic goes, Goldman made the following observations in the Northeast, Texas and Utah; Overall traffic still appeared muted relative to 2019 at most “traditional” Black Friday weekend destinations, but was still higher than 2021.Consumer electronics, toys, and sporting goods had the most traffic.Promotions are back, as expected…https://www.zerohedge.com/political/deeper-ever-black-friday-discounts-stokes-concern-over-margins

As we warned, Fed officials on Monday tried to disabuse the market of its bullish sentiment.

Markets underpricing chances of higher rates in 2023, St louis Fed’s Bullard says
“Markets are underpricing the risk that the FOMC will have to be more aggressive rather than less aggressive in order to contain the very substantial inflation that we have in the U.S.,” Bullard…
https://seekingalpha.com/news/3911649-markets-underpricing-chances-of-higher-rates-in-2023-st-louis-feds-bullard-says

Fed’s Bullard Says Markets Underestimating Chances of Higher RatesSees ‘heavy degree’ of expectations for inflation to dissipateReiterates view Fed should raise rates to at least 5%“There is still a heavy degree” of expectations that inflation will go away naturally, Bullard said Monday in a webcast interview with MarketWatch and Barron’s…
https://www.bloomberg.com/news/articles/2022-11-28/bullard-says-markets-underestimating-chances-of-higher-fed-rates

Fed’s Bullard says rate hikes have had ‘only limited effects’ on inflation so far
Using the so-called Taylor Rule for monetary policy, Bullard suggested the proper zone for the fed funds rate could be in the 5%-7% range… “the policy rate is not yet in a zone that may be considered sufficiently restrictive.”  “To attain a sufficiently restrictive level, the policy rate will need to be increased further,” he added in the presentation… (Bullard: The Fed could hike rates into 2024!)
https://www.cnbc.com/2022/11/17/feds-bullard-says-rate-hikes-have-had-only-limited-effects-on-inflation-so-far.html

Bullard said that he would defer to Powell on the pace of rate hikes because ‘it doesn’t’ matter in the grand scheme of things of how quickly we get to the right level.’ That’s not true, James!

NY Fed’s Williams: ‘Still more work to do’ to bring down inflation
“Overall demand for labor and services still far exceeds available supply, resulting in broad-based inflation, which will take longer to bring back down,” Williams said in a speech Monday at the Economic Club of New York. Williams added there is “still more work to do” as the Fed continues its rate hike campaign to tame price inflation. “Further tightening of monetary policy should help restore balance between demand and supply and bring inflation back to 2 percent over the next few years,”…
    Williams said he expects unemployment to rise to between 4.5% to 5% by the end of next year from 3.7% now…. inflation to slow from its current rate of between 5-5.5% at the end of the year to 3%-3.5% next year… (Williams, throwing a bone to his masters on The Street, said rates could be cut in 2024)
https://finance.yahoo.com/news/ny-feds-williams-still-more-work-to-do-to-bring-down-inflation-170137179.html

Williams also said monetary policy should remain restrictive for a while.

ESZs steadily sank during Asian trading but commenced a rally when Japan closed at 1 ET. ESZs jumped on the European open as conditioned traders bought stuff despite the worsening global fundamentals. ESZs peaked at 3:23 ET. Alas, sellers appeared; stocks sank until a bottom developed near 5 ET. ESZs and stocks then traded sideways in a wide range until the conditioned rally for the NYSE open materialized. ESZs surged from 3995.75 at 9:20 ET to 4017.75 at 9:34 ET.

Alas, just like what occurred in Europe, sellers appeared; conditioned traders were trapped long. ESZs then zig-zagged lower. Stocks and ESZs hit bottoms (3967.25 for ESZs) at 14:30 ET. An ensuing 6-handle ESZ rally ended within 9 minutes. ESZs and stocks hit new lows when the final hour arrived.

ESZs bottomed (3960.25) at 15:32 ET; they bounced to 3967.50 at 15:45 ET. But there were real sellers in the market! ESZs sank to 3961.25 at 15:49 ET. Trapped longs needed to mark up positions. So, someone forced ESZs to 3966.29 at 15:59 ET. The SEC and exchange regulators are pathetic jokes!

Positive aspects of previous session
Given what’s occurring in China, stocks should have declined much more

Negative aspects of previous session
Irrational exuberance and wanton speculation in equities will not die easily
WTI Oil tanked as much as 3 handles, but rallied sharply from 73.60 to 77.84 after its 7 ET low

Ambiguous aspects of previous session
What will the Xi Stooges do to quell The White Paper Revolution?

First Hour/Last Hour Action [S&P 500 Index]: 1st Hour from NYSE open: Down; Last Hour: Down

Pivot Point for S&P 500 Index [above/below indicates daily trend to traders]: 3977.33
Previous session High/Low: 4012.27; 3955.77

Fauci’s 7-Hour Deposition: What We Know So Far
“Wow! It was amazing to spend 7 hours with Dr. Fauci. The man who single-handedly wrecked the U.S. economy based upon ‘the science.’ Only to discover that he can’t recall practically anything dealing with his Covid response!”… As our lawyer, @Leftylockdowns1 put it, Fauci “was apparently willing to base his lockdown advocacy on the observations of a single guy relying on reports from a dictator.” Not exactly a double-blind randomized trial level of evidence, or indeed, any level of evidence…
    Fauci is a skillful liar. As we have seen now for months in his public comments, he lies when he feels he can get away with it or when he feels there will be no meaningful consequences… https://t.co/R2xvj55yIF

‘CERTAINLY DISTURBING’: Fauci couldn’t recall critical COVID decisions during deposition, attorney general says   https://t.co/1BGFD8kPBi

New Twitter Sign-Ups Hit All-Time Record Despite Cancel Campaign – Jonathan Turley
Since Elon Musk bought Twitter with a pledge to restore free speech protections, the media and political establishment have maintained an unrelenting campaign to use pressure from corporations and foreign governments to force him to restore censorship policies. Reporters have covered seemingly every celebrity declaring that they are leaving the site or even selling their Teslas in protest. As companies joined the boycott, commentators gleefully announced the “death,” “collapse,” and “demise” of the social media company with some mocking Musk risking billions of dollars for free speech principles. New figures, however, appear to show that the public is solidly with Musk on the free speech issue. New signups at Twitter are at an all-time high with two million new signups per day…
https://jonathanturley.org/2022/11/28/new-twitter-sign-ups-hit-all-time-record-despite-cancel-campaign/

@elonmusk: Apple has also threatened to withhold Twitter from its App Store, but won’t tell us why.

@TheRabbitHole84: Replying to @elonmusk: 97.5% of Apple’s donations are to the Democratic Party. Twitter allowing free speech is against party interests so Apple must play the role of enforcer.

@elonmusk: Did you know Apple puts a secret 30% tax on everything you buy through their App Store?
Apple has mostly stopped advertising on Twitter. Do they hate free speech in America?
    Secret suppression of free speech by Apple. Customers were never told. What the hell is going on here?… What’s going on here @tim_cook?  Who else has Apple censored? (Musk at war with Apple!)  Why are so many in the media against free speech? This is messed up.

CNN (Parody!): Elon Musk could threaten free speech on Twitter by literally allowing people to speak freely    https://twitter.com/elonmusk/status/1597170780130852864/photo/1

Apple hobbled a crucial tool of dissent in China weeks before widespread protests broke out
https://finance.yahoo.com/news/apple-hobbled-crucial-tool-dissent-185100767.html

After China Objects, Apple Removes App Used by Hong Kong Protesters    October 10, 2019
https://www.npr.org/2019/10/10/768841864/after-china-objects-apple-removes-app-used-by-hong-kong-protesters

GOP Sen. @HawleyMO: When is @Apple going to start investing in America and stop profiting off Communist China’s COVID19 crackdowns, authoritarian surveillance, and abuse of workers

@StephenM: Multitrillion dollar megacorporations—from Facebook to Apple to Google—are waging war on free speech as they exert ever more control over our lives, and the ire of the entire media, political and security state apparatus is directed at the person restoring free speech on Twitter.

GOP @RepKenBuck: This is why we need to end the App Store duopoly before the end of this year. No one should have this kind of market power.

@jimmyfailla: TOUGH day to be a liberal on Twitter: You want the social justice points for supporting Chinese protesters. But they’re fighting the SAME authoritarian restrictions you’ve pushed for years. Probably best to play it safe, log off, and take your kid to a drag show instead.

WH Press Sec. Jean-Pierre: “We are keeping an eye on [Elon Musk’s Twitter].” (fascist)
https://twitter.com/greg_price11/status/1597333260774039553

Chinese bots swamp Twitter with porn to hide news of mass protests https://trib.al/61RfXSH

@elonmusk: The Twitter Files on free speech suppression soon to be published on Twitter itself. The public deserves to know what really happened … (This why the elites fear Musk!)

It was widely but erroneously reported that Powell would be the last Fed speaker before the Fed blackout period for its December 13-14 soiree. Powell’s speech tomorrow is not the last speech from the Fed before the blackout period begins. The Fed blackout period begins after December 2 appearances.

Fed’s Brainard (One of biggest doves) Says String of Supply Shocks Keeps Inflation Risks High
Federal Reserve Vice Chair Lael Brainard said US central bankers must lean against the risk of inflation expectations rising above the 2% target in a world where inflation may be less stable than in recent decades. “In the presence of a protracted series of supply shocks and high inflation, it is important for monetary policy to take a risk-management posture to avoid the risk of inflation expectations drifting above target,” Brainard said in remarks released Monday… (After the close)
https://ca.news.yahoo.com/fed-brainard-says-string-supply-200006324.html

Rail worker unions say negotiations are at an impasse. Biden asked Congress to step in even though he bragged before the election that he negotiated a deal. Over the weekend the White House risibly stated the Biden was not involved in the negotiations.

Some pundits claim that in early October, Biden bribed railroad workers to not strike before the election – and now he has reneged on the deal.

Today – Traders wanted to play for Nov. performance gaming and the expected Monday rally, but Chinese events and Bullard thwarted them. Barring unexpected news, traders will play for a Turnaround Tuesday to the upside, abetted by the pattern of the penultimate day of a period having peak performance gaming intensity. Normally this manipulation is strongest in the last two hours of trading.

Furthermore, miscreants that want to game November performance know they must do most of the dirty deeds today because Powell speaks on November 30! ESZs are +2.50 at 20:30 ET

Day 5 – The Big Guy & US woke corporations have yet to comment on the “White Paper Revolution.”

Reporter: “What is the president’s reaction when he hears protesters in China chant ‘freedom’ or ‘Xi Jinping step down’?” (DoD Press Sec) Kirby: “The president’s not going to speak for protesters.” Reporter: “So there’s no reaction?” Kirby: “These protesters are speaking for themselves.” (10% for The Big Guy paying dividends?) https://twitter.com/FreeBeacon/status/1597323402578386944

Expected economic data: Sept FHFA House Price Index -1.3% m/m; Sept S&P CoreLogic 20-city house prices -1.2% m/m and +10.45% y/y; Nov Conference Board Consumer Confidence 99.9

S&P 500 Index 50-day MA: 3794; 100-day MA: 3918; 150-day MA: 3938; 200-day MA: 4054
DJIA 50-day MA: 31,459; 100-day MA: 31,844; 150-day MA: 31,884; 200-day MA: 32,469

S&P 500 Index – Trender trading model and MACD for key time frames
Monthly: Trender and MACD are negative – a close above 4523.26 triggers a buy signal
Weekly: Trender and MACD are positive – a close below 3666.67 triggers a sell signal
Daily: Trender and MACD are positive – a close below 3843.33 triggers a sell signal
Hourly: Trender and MACD are negative – a close above 4000.33 triggers a buy signal

(Obama’s political Svengali) David Axelrod doubles down on doubts about Biden 2024 run: ‘If he were 60, not 80’ https://t.co/pfUsxLLP9r

GOP Senator Hawley Op-ed in WaPo: The GOP is dead. A new GOP must listen to working people.
For the past two years, the Republican establishment in Washington has capitulated on issue after issue, caving to Democrats on the Second Amendment and on the left’s radical climate agenda (“infrastructure”). These Republican politicians sided with Big Pharma on insulin and advocated lowering tariffs on our competitors overseas…
   This tax-and-trade agenda has hollowed out too many American towns by shipping jobs overseas. It has made it almost impossible to raise a family on one income and to find a good-paying job that doesn’t require a college degree. Our trade deficit with China has cost this country 3.7 million good jobs, while a crisis of drug overdose deaths — particularly among working Americans — has ravaged many of the same communities that have suffered most from deindustrialization. It has all made it harder to stay rooted in your hometown or region…
    No more talk of grand bargains that turbocharge illegal immigration. No more liberalizing the United States’ trade agenda, making us more dependent on foreign adversaries. No more fiddling with Social Security in the guise of “entitlement reform.”… aking the shackles off U.S. energy producers. That means new antitrust laws for Big Tech that will bust up monopolies such as Google and restore competition to the marketplace. And while we’re at it, we should start relocating federal agencies such as the Departments of Energy, Interior and Agriculture to middle America…
    We should adopt new protections for parents to ensure they control their children’s education and medical care, such as a Parents’ Bill of Rights. And families can’t thrive unless they are safe. That’s why we need 100,000 new police officers on the streets, spread across every state in America…
    A reborn Republican Party must look very different. It must offer good jobs and good lives, not just higher stock prices for Wall Street…  https://t.co/8zmhvd8Mnk

GREG HUNTER REPORT/

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NOV 29//First day notice tomorrow; Gold closed up $8.75 to $1750.25//Silver is up 70 cents to $21.25//Covid updates re China and the globe//vaccine impact//Dr Paul Alexander//Swamp stories for you tonight//

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EXCHANGE: COMEX

GOLD: NUMBER OF NOTICES FILED FOR NOV. CONTRACT: 61 NOTICES FOR 6100 OZ or 0.1897 TONNES

total notices so far: 8716 contracts for 871600 oz (27.110 tonnes)

SILVER NOTICES: 83 NOTICE(S) FILED FOR 871,000OZ/

1/COMEX GOLD AND SILVER REPORT

3. ASIAN AFFAIRS

i)MONDAY MORNING//SUNDAY NIGHT

a)NORTH KOREA/SOUTH KOREA

b) REPORT ON JAPAN/

3 C CHINA

4/EUROPEAN AFFAIRS

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS

6.Global Issues//COVID ISSUES/VACCINE ISSUES

7. OIL ISSUES

8 EMERGING MARKET ISSUES

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

i)MONDAY MORNING// SUNDAY NIGHT

2 a./NORTH KOREA/ SOUTH KOREA/

2B JAPAN

3c CHINA

Beijing Police Checking People’s Phones For Social Media Apps Amid Mass Protests: Report

Escobar: Operation Claw-Sword – Erdogan’s Big New Games In Syria

‘Close down all of our southern borders’

Selling stolen Syrian oil to Turkey

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

Fauci Again Defends Chinese Lockdowns

You Are Being Watched! More Security Cameras Per Capita in the U.S. than in China: Silicon Valley Whistleblower

November 28, 2022 5:20 pm

8 EMERGING MARKET& AUSTRALIA ISSUES & OTHER EMERGING NATIONS

Big-Tech & Bonds Sink As Global Yield Curve Inverts For First Time In Decades

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