GOLD PRICE CLOSE: DOWN$1.80 at $1798.00
SILVER PRICE CLOSE: UP 0.47 to $23.13
Access prices: closes : 4: 15 PM
Gold ACCESS CLOSE 1798.00
Silver ACCESS CLOSE: 23.13
Bitcoin morning price:, 16,969
Bitcoin: afternoon price: $17,013 up 44
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: $2420.80 down $0.69 CDN dollars per oz
BRITISH GOLD: 1705.95 down 5.90 pounds per oz
EURO GOLD: 1462.10 down 7.47euros per oz
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EXCHANGE: COMEX
EXCHANGE: COMEX
CONTRACT: DECEMBER 2022 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,801.100000000 USD
INTENT DATE: 12/01/2022 DELIVERY DATE: 12/05/2022
FIRM ORG FIRM NAME ISSUED STOPPED
104 C MIZUHO 4
118 C MACQUARIE FUT 24
132 C SG AMERICAS 9
190 H BMO CAPITAL 49
323 C HSBC 333
332 H STANDARD CHARTE 53
435 H SCOTIA CAPITAL 23
624 H BOFA SECURITIES 26
657 C MORGAN STANLEY 2
661 C JP MORGAN 209
685 C RJ OBRIEN 9
686 C STONEX FINANCIA 6 1
690 C ABN AMRO 1
700 C UBS 16
737 C ADVANTAGE 1
800 C MAREX SPEC 75 8
905 C ADM 1
TOTAL: 425 425
MONTH TO DATE: 11,928
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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 DEC. CONTRACT: 425 NOTICES FOR 42,500 OZ or 1,3219 TONNES
total notices so far: 11,928 contracts for 1,192800 oz (37.101 tonnes)
SILVER NOTICES: 372 NOTICE(S) FILED FOR 1,860,000 OZ/
total number of notices filed so far this month 2885 for 14,425,000 oz
END
GLD
WITH GOLD DOWN xxx
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 ROSE BY A GIGANTIC SIZED 3418 CONTRACTS TO 125,798 AND CLOSER TO THE RECORD HIGH OI OF 244,710, SET FEB 25/2020 AND THE HUGE GAIN IN COMEX OI WAS ACCOMPLISHED WITH OUR CONSIDERABLE $1.08 GAIN IN SILVER PRICING AT THE COMEX ON THURSDAY. OUR SHORTERS/HFT WERE UNSUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT ROSE BY $1.08 AND WERE UNSUCCESSFUL IN KNOCKING ANY SPEC LONGS, AS WE HAD A HUGE SIZED GAIN IN OUR TWO EXCHANGES OF 1463 CONTRACTS. WE HAD A ZERO ATTEMPTED SPEC SHORT COVERINGS OF THEIR SHORTFALL. .WE PROBABLY HAD SOME SPEC SHORT ADDITIONS (CAUGHT OFF GUARD) AS THE PRICE OF THE METAL WAS ROSE STRONGLY. // OUR BANKERS CONTINUE TO BE PURCHASERS OF NET COMEX LONGS. BUT THEY ALSO SUPPLIED THE NECESSARY SHORT CONTRACTS>>> HUGE NUMBER OF NEWBIE SPEC LONGS ADDED TO THEIR POSITIONS CAUSING ADDITIONAL MISERY TO OUR SHORTERS.
WE MUST HAVE HAD:
I) SOME ATTEMPTED (WITH ZERO SUCCESS) SPECULATOR SHORT COVERINGS WITH PROBABLE SHORT ADDITIONS ////CONTINUED BANKER OI COMEX ADDITIONS /// HUGE NEWBIE SPEC LONG ADDITIONS. II) WE ALSO HAD SOME REDDIT RAPTOR BUYING//. iii) A STRONG ISSUANCE OF EXCHANGE FOR PHYSICALS iiii) AN INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 23 .24. MILLION OZ FOLLOWED BY TODAY;S QUEUE JUMP of 765,,000 /// / // V) HUGE SIZED COMEX OI GAIN/
I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL:34
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS DEC. ACCUMULATION FOR EFP’S SILVER/JPMORGAN’S HOUSE OF BRIBES/STARTING FROM FIRST DAY/MONTH OF NOV:
TOTAL CONTRACTS for 2 days, total 1750 contracts: million oz OR 8.750 MILLION OZ PER DAY. (875 CONTRACTS PER DAY)
TOTAL EFP’S FOR THE MONTH SO FAR: 8.750 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: 134.290 MILLION OZ//FINAL
DEC, 8.750 MILLION OZ INITIAL
RESULT: WE HAD A HUGE SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 3418 WITH OUR $1.03 GAIN IN SILVER PRICING AT THE COMEX// THURSDAY.,. THE CME NOTIFIED US THAT WE HAD A GIGANTIC SIZED EFP ISSUANCE CONTRACTS: 1463 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 DEC OF 23.24 MILLION OZ FOLLOWED BY TODAY:S 765,000 EFP / .. WE HAVE A HUGE SIZED GAIN OF 4881 OI CONTRACTS ON THE TWO EXCHANGES FOR 24.31 MILLION OZ.. THE SILVER SHORTS ARE NOW TRAPPED AS THEY ARE HAVING CONSIDERABLE DIFFICULTY IN COVERING THOSE SHORTS.
WE HAD 372 NOTICE(S) FILED TODAY FOR 1,860,000 OZ
THE SILVER COMEX IS NOW BEING ATTACKED FOR METAL BY LONDONERS ET AL.
GOLD//OUTLINE
IN GOLD, THE COMEX OPEN INTEREST ROSE BY A HUGE SIZED 12,664 CONTRACTS TO 441,,702 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 245 CONTRACTS.
.
THE HUGE SIZED DECREASE IN COMEX OI CAME WITH OUR STRONG GAIN IN PRICE. WE ALSO HAD A HUGE INITIAL STANDING IN GOLD TONNAGE FOR DEC. AT 58.86 TONNES ON FIRST DAY NOTICE FOLLOWED BY TODAY:S QUEUE JUMP of 62 contracts or 6200 oz//(QUEUE JUMPING = EXERCISING LONDON BASED EFP’S WILL CONTINUE UNTIL MONTH’S END) (EFP is the transfer of contracts immediately to London for potential gold deliveries originating from London)
YET ALL OF..THIS HAPPENED WITH OUR GAIN PRICE OF $53.00 WITH RESPECT TO THURSDAY’S TRADING
WE HAD A GIGANTIC SIZED GAIN OF 15,445 OI CONTRACTS (48.07PAPER TONNES) ON OUR TWO EXCHANGES..
E.F.P. ISSUANCE
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A STRONG SIZED 3036 CONTRACTS:
The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 441,947
IN ESSENCE WE HAVE A GIGANTIC SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 15,455 CONTRACTS WITH 12,419 CONTRACTS INCREASED AT THE COMEX (SHORT SPECULATORS FAILING TO GET OUT OF THEIR MESS) AND 3036 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN ON THE TWO EXCHANGES OF 15,690 CONTRACTS OR 48.802 TONNES.
CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES
WE HAD A STRONG SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (3036 CONTRACTS) ACCOMPANYING THE GIGANTIC SIZED GAIN IN COMEX OI (12,419)TOTAL GAIN IN THE TWO EXCHANGES 15,455 CONTRACTS. WE NO DOUBT HAD 1) CONSIDERABLE ATTEMPTED BUT FAILED SPECULATOR SHORT COVERINGS// CONTINUED GOOD BANKER ADDITIONS BUT THEY ALSO SUPPLIED THE NECESSARY PAPER SHORT. WE HAD LIMITED SHORT SPEC ADDITIONS/// // CONSIDERABLE NEWBIE SPEC ADDITIONS ,2.) STRONG INITIAL STANDING AT THE GOLD COMEX FOR DEC. AT 58.86 TONNES FOLLOWED BY TODAY’S QUEUE JUMP of 6200 oz// //NEW STANDING 53.984 TONNES///3) ZERO LONG LIQUIDATION //// //.,4) GIGANTIC SIZED COMEX OPEN INTEREST GAIN 5) STRONG ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER/
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS IN 2022 INCLUDING TODAY
DEC
ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF DEC :
8859 CONTRACTS OR 885900 OZ OR 27.555 TONNES 2 TRADING DAY(S) AND THUS AVERAGING: 4429 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 2 TRADING DAY(S) IN TONNES:27.555 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2021, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 27.55/3550 x 100% TONNES 0.776%% 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. 223.98 TONNES//FINAL ( MUCH LARGER THAN PREVIOUS MONTHS//comex running out of physical)
DEC: 27.55 tonnes Initial
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 GIGANTIC SIZED 3418 CONTRACTS OI TO 125,832 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 1463 CONTRACTS
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
MAR 1463 and ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 1463 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 3418 CONTRACTS AND ADD TO THE 1463 OI TRANSFERRED TO LONDON THROUGH EFP’S,
WE OBTAIN A HUGE SIZED GAIN OF 4881 OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES.
THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES 24.575 MILLION OZ//
OCCURRED WITH OUR GAIN IN PRICE OF $1.08….. 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 ROSE BY A POWERFUL SIZED 12,419 CONTRACTS UP TO 441,702 WITH THE RISE IN PRICE..$53.00
EXCHANGE FOR PHYSICAL ISSUANCE
WE ARE NOW IN THE -ACTIVE DELIVERY MONTH OF DEC… THE CME REPORTS THAT THE BANKERS ISSUED A STRONG SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS.,
THAT IS 3026 EFP CONTRACTS WERE ISSUED: ;: , . 0 FEB: 3026 & ZERO FOR ALL OTHER MONTHS:
TOTAL EFP ISSUANCE: 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 GIGANTIC SIZED TOTAL OF 15,455 CONTRACTS IN THAT 3025 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE HAD A HUGE SIZED COMEX OI GAIN OF 12,664 CONTRACTS..AND THIS GIGANTIC SIZED GAIN ON OUR TWO EXCHANGES HAPPENED WITH OUR GAIN IN PRICE OF GOLD $53.00. WE ARE WITNESSING ZERO SPEC SHORTS COVERINGS OF 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 HUGE ADDITIONAL NEWBIE SPECS GOING LONG AS THE PRICE ROSE. IT LOOKS LIKE OUR SPEC SHORTS ARE IN DEEP TROUBLE AS THEY CANNOT GET OUT OF THEIR MASSIVE SHORTFALL.
// WE HAVE A STRONG AMOUNT OF GOLD TONNAGE STANDING DEC (53.972)
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 27.110 TONNES/FINAL (TOTAL SO FAR THIS YEAR 591.535 TONNES)
Dec. 53.972tonnes
THE SPECS/HFT WERE UNSUCCESSFUL IN LOWERING GOLD’S PRICE //// (IT ROSE $53.00 AND WERE UNSUCCESSFUL IN KNOCKING OFF ANY SPECULATOR LONGS AS WE HAD A GIGANTIC GAIN OF 15,690 CONTRACTS ON OUR TWO EXCHANGES >. WE HAD NEGLIGIBLE SPEC SHORT ADDITIONS AND CONSIDERABLE SPEC SHORT COVERINGS.. WE HAD A HUGE SIZED GAIN ON OUR TWO EXCHANGES OF 15,455 CONTRACTS.// WE HAVE GAINED A TOTAL OI OF 48.07 PAPER TONNES OF TOTAL OI FROM OUR TWO EXCHANGES, ACCOMPANYING OUR GOLD TONNAGE STANDING FOR DEC. (53.984 TONNES)…THIS WAS ACCOMPLISHED WITH OUR GAIN IN PRICE OF $53.00
WE HAD -245 CONTRACTS COMEX TRADES REMOVED. THESE WERE REMOVED AFTER TRADING ENDED LAST NIGHT
NET GAIN ON THE TWO EXCHANGES 15,455 CONTRACTS OR 1,545,500 OZ OR 48.07 TONNES
Estimated gold volume 174,910// poor//
final gold volumes/yesterday 236,258/ fair INITIAL STANDINGS FOR DECEMBER 2022 COMEX GOLD //DEC 2
| Gold | Ounces |
| Withdrawals from Dealers Inventory in oz | nil oz |
| Withdrawals from Customer Inventory in oz | nil oz |
| Deposit to the Dealer Inventory in oz | nil |
| Deposits to the Customer Inventory, in oz | 12,118.849 oz Brinks |
| No of oz served (contracts) today | 425 notice(s) 42,500 OZ 1.3219. TONNES |
| No of oz to be served (notices) | 5424 contracts 542400 oz 16.87 TONNES |
| Total monthly oz gold served (contracts) so far this month | 11,928 notices 1,192,800 37.101 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: 1
i)Into Brinks: 12,118.849 oz
total deposits 12,118.849 oz
customer withdrawals:0
Total withdrawals: nil oz
total in tonnes: 0.00 tonnes
Adjustments: 1/ customer to dealer
i) Manfra: 32,188.849 oz
CALCULATIONS FOR THE AMOUNT OF GOLD STANDING FOR NOVEMBER.
For the front month of DECEMBER we have an oi of 58,549 contracts having LOST 5250 contracts
We had 5308 contracts served on Thursday, so we gained 58 contracts. We will gain in gold tonnage from this day forth.
The comex is running out of physical gold to serve our good friends over in London
JANUARY LOST 18 contracts to stand at 1562
February gained 17,286 contacts up to 377,365
We had 425 notice(s) filed today for 42,500 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 425 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 289 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 DEC. /2022. contract month,
we take the total number of notices filed so far for the month (11,928x 100 oz , to which we add the difference between the open interest for the front month of (DEC. 5849 CONTRACTS) minus the number of notices served upon today 425 x 100 oz per contract equals 1,735,600 OZ OR 53.984 TONNES the number of TONNES standing in this active month of DEC.
thus the INITIAL standings for gold for the DEC contract month:
No of notices filed so far (11,928 x 100 oz+ (5849 OI for the front month minus the number of notices served upon today (425} x 100 oz} which equals 1,735,200 oz standing OR 53.972 TONNES in this active delivery month of DEC..
TOTAL COMEX GOLD STANDING: 53.972 TONNES (A POOR STANDING//COMEX RUNNING OUT OF PHYSICAL TO SERVE UPON OUR LONGS.
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
COMEX GOLD INVENTORIES/CLASSIFICATION
we had one adjustment of 110,631.591 oz Brinks
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: 1,984,816.012 OZ 61.74 tonnes
TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED: 23,413,958.604 OZ
TOTAL REGISTERED GOLD: 11,638,837.320 OZ (362.02 tonnes)..dropping fast
TOTAL OF ALL ELIGIBLE GOLD: 11,795,121.284 OZ
REGISTERED GOLD THAT CAN BE SERVED UPON: 9,654,021 OZ (REG GOLD- PLEDGED GOLD) 300.28tonnes//rapidly declining
END
SILVER/COMEX
DEC 2//INITIAL DEC. SILVER CONTRACT
| Silver | Ounces |
| Withdrawals from Dealers Inventory | NIL oz |
| Withdrawals from Customer Inventory | 196,213.496 oz Brinks CNT Delaware |
| Deposits to the Dealer Inventory | nil OZ |
| Deposits to the Customer Inventory | 6145.770 oz Delaware Manfra |
| No of oz served today (contracts) | 372 CONTRACT(S) (1,860,000 OZ) |
| No of oz to be served (notices) | 2324 contracts (11,620 ,000 oz |
| Total monthly oz silver served (contracts) | 2885 contracts (14,425,000 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: 979.70 oz
ii) Out of CNT: 190,518.93 oz
iii) Out of Delaware: 4714.860 oz
Total withdrawals: 196,213.496 oz
JPMorgan has a total silver weight: 150.99 million oz/299.84 million =50.35% of comex .//dropping fast
Comex deposits: 2
i) Manfra: 2170.120 oz
iii) Into Delaware: 3975.65 oz
Total deposits: 6145.770 oz
adjustments: dealer to customer
i)JPMorgan 1,030,719.691 oz
the silver comex is in stress!
TOTAL REGISTERED SILVER: 35.374 MILLION OZ (declining rapidly)
TOTAL REG + ELIG. 299.834 MILLION OZ (also declining)
CALCULATION OF SILVER OZ STANDING FOR SEPT
silver open interest data:
FRONT MONTH OF DEC OI: 2477 CONTRACTS HAVING LOST 345 CONTRACT(S.)
WE HAD 498 NOTICES FILED ON THURSDAY. SO WE GAINED 153 CONTRACTS OR 765,000 oz
JANUARY SAW A GAIN OF 156 CONTRACTS UP TO 2118 CONTACTS.
FEB> GAINED ONE CONTRACT TO 28
TOTAL NUMBER OF NOTICES FILED FOR TODAY:372 for 1,860,000 oz
Comex volumes:71,697// est. volume today// good
Comex volume: confirmed yesterday: 67,365 contracts ( good)
To calculate the number of silver ounces that will stand for delivery in DEC. we take the total number of notices filed for the month so far at 2885 x 5,000 oz = 14,425,000 oz
to which we add the difference between the open interest for the front month of DEC( 2477) and the number of notices served upon today 372 x (5000 oz) equals the number of ounces standing.
Thus the standings for silver for the DEC./2022 contract month: 2885(notices served so far) x 5000 oz + OI for front month of DEC (2447) – number of notices served upon today (372)x 50070 oz of silver standing for the DEC. contract month equates 24.950 million oz. We will gain in silver oz standing from this day forth. Also we had another criminal element to our silver oz standing: an addition of 500 EFR contract transfers which are “Exchange for risk” settlements. I do not want to bore you but needless to say they are not physical transfers so are criminal in nature.
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:72,730// est. volume today// good
Comex volume: confirmed yesterday: 125,798 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
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
6/CRYPTOCURRENCIES/BITCOIN ETC
Read more here….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
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
2 a./NORTH KOREA/ SOUTH KOREA/
///NORTH KOREA/SOUTH KOREA/
end
2B JAPAN
JAPAN
END
3c CHINA
CHINA/ECONOMY/GLOBAL SOUTH
end
.E4.EUROPEAN AFFAIRS//UK AFFAIRS//
end
5.//UKRAINE/RUSSIA
Kyiv’s Mayor Urges Residents To Stock Up On Food & Water As Temperature Plummets
FRIDAY, DEC 02, 2022 – 11:15 AM
Kyiv’s mayor is warning residents that there’s real potential of a total blackout across the capital city of about three million people. This as Ukraine braces for more expected Russian airstrikes on its national energy infrastructure.
“The temperature in the apartments may not differ much from the outside temperature,” Mayor Vitaliy Klitschko announced at a local security forum at a moment when temperatures have dipped below freezing, or -4 degrees Celsius (25 degrees Fahrenheit). “I appeal to the people…to have a supply of technical water, drinking water, durable food products, warm clothing,” he emphasized.
Authorities have scrambled to set up warming centers in various hard-hit cities across the country, also warning that some portions of cities may have to evacuate if the energy crisis worsens. Despite utility crews scrambling, an estimated 40% of the entire national energy infrastructure remains degraded or destroyed.
Klitschko in his appeal told people that they must consider moving in with family or friends who have remained less impacted by the power cuts on the outskirts of Kyiv.
The Kremlin has meanwhile defended its strategy of targeting Ukrainian energy as “legitimate”. According to a New York Times update:
As Ukrainian officials warned that Moscow was preparing to launch yet another wave of missile strikes aimed at destroying the nation’s energy grid, Russia’s foreign minister on Thursday defended Moscow’s attacks, calling infrastructure a legitimate military target despite warnings by the United Nations that they could amount to war crimes.
Sergei V. Lavrov, Russia’s foreign minister, spoke at a news conference hours after Ukrainian officials said that Russian attacks had disabled the power grid in the southern city of Kherson and six million people across the country were still without power after previous assaults.
Drawing on familiar Kremlin themes framing the Ukraine war as a battle with the West, Mr. Lavrov said that Russia is hitting targets that are used to replenish Ukrainian forces with weapons provided by Western nations and that the Ukrainian forces rely on to operate. He did not elaborate.
Emergency crews working to restore power after Russian strikes, Getty Images.
US Secretary of State Antony Blinken during a meeting of NATO ministers in Bucharest, Romania condemned the “barbaric” Russian actions.
“As Ukraine continues to seize momentum on the battlefield, President Putin continues to focus his ire and his fire on Ukraine’s civilian population,” he said. “Heat, water, electricity — for the children, for the elderly, for the sick — these are President Putin’s new targets. He’s hitting them hard. This brutalization of Ukraine’s people is barbaric.”
LEBANON
Lebanon Pushed Into Deeper Crisis As Parliament Again Fails To Elect President
FRIDAY, DEC 02, 2022 – 03:35 AM
The Lebanese parliament on Thursday failed for the eighth consecutive time to elect a new president, as a majority of lawmakers continue to oppose the options laid on the table.
During the first round of voting on Thursday, 111 votes were cast in the 128-seat parliament, with 52 lawmakers casting blank votes, while 37 voted in support of Michel Moawad, the son of the late president René Moawad.Via picture alliance/AP
The 37 votes cast for Moawad are a drop from last week’s session, when 42 lawmakers voted for the candidate who is backed by the anti-Hezbollah bloc made up of the Lebanese Forces (LF) party, the Progressive Socialist Party (PSP), the Kataeb party, and a few ‘independent’ lawmakers.
Some lawmakers even wrote in mock choices on their ballots, with one vote cast for Brazil’s socialist president-elect Luiz Inacio Lula da Silva. Following the voting session, Parliament Speaker Nabih Berri announced that a ninth attempt to elect a president will take place next week.
The Lebanese presidency, which has been reserved for the country’s Christian Maronite sect since the National Pact of 1943, has remained empty since the end of Michel Aoun’s term in September after six years in power.
Hezbollah’s ‘Loyalty to the Resistance’ party, along with its allies in the Amal Movement and the Free Patriotic Movement (FPM) all oppose Moawad’s candidacy. Hezbollah’s lawmakers, specifically, have maintained that their preferred candidate for the presidency is the leader of the Marada Movement, Suleiman Frangieh.
The pro-resistance bloc has also been calling for dialogue to elect a “consensual president” among all political sides. However, US and Saudi-backed parties like the LF have opposed this. Christian political leader Samir Geagea said earlier this week that “dialogue with [Hezbollah and its allies] is a waste of time.”
In response to this divisive stance, PSP leader Walid Jumblat called Geagea’s remarks “absurd” and said that “talking to all parties is necessary to elect a new president.”
According to Article 49 of the Lebanese constitution, a presidential candidate is elected either by winning a two-thirds majority of parliament on the first ballot – 86 members, the same number required for a legal quorum – or by a simple majority of 65 votes in subsequent rounds.
So far, no candidate has been able to secure the support of enough lawmakers, in either the first or subsequent rounds of voting. Former president Aoun’s own election in 2016 came after a more than two-year vacancy at the presidential palace, as lawmakers made 45 failed attempts before reaching a consensus on his candidacy.
Further muddying the waters, the US, France, Qatar, and Saudi Arabia have all expressed their desire to see the Lebanese Armed Forces (LAF) commander, Joseph Aoun, be named as Lebanon’s new president. Since 2019, the Levantine nation has been shouldering what the World Bank describes as the world’s worst economic crisis in the past 150 years, caused by rampant corruption in the financial sector.
A prolonged power vacuum would only exacerbate the situation, as Beirut is currently unable to enact sweeping reforms demanded by international lenders as a condition for releasing billions of dollars in loans.
At a forum organized on 4 November at the Wilson Center, US Assistant Secretary of State for Near Eastern Affairs, Barbara Leaf, warned that the current situation in Lebanon could lead to a “complete disintegration of the state and the collapse of its security forces.”
Leaf added that, as the crisis becomes more unbearable, she expects Lebanese lawmakers to pack their bags and leave for Europe, abandoning the country as “unsalvageable.” “We are putting pressure on political leaders to do their job, but nothing is as effective as popular pressure. Sooner or later, people will rise again,” Leaf pointed out.
She added that collapse will enable Lebanon “somehow to be rebuilt from the ashes, freed from the curse of Hezbollah.” The US official concluded that the US and Saudi Arabia share the same vision for Lebanon, and are cooperating to achieve it.
end
Russia Now Says US & NATO “Directly Participating” In Ukraine War
FRIDAY, DEC 02, 2022 – 09:05 PM
Earlier this week CNN reported that the Biden administration is considering “dramatically” increasing its training of Ukrainian forces. The proposal would involve US advisers training “much larger groups of Ukrainian soldiers in more sophisticated battlefield tactics” at American installations in Germany, and possibly other locations in Europe. This could involve as many as 2,500 Ukrainian soldiers trained by US advisers a month, which over a half-year period would total 15,000 going through the proposed ramped-up US program.
This report and others, which have also detailed expanding military training programs for Ukrainians in Europe overseen by UK and other NATO-member militaries, has prompted a Friday response from the Kremlin. Foreign Minister Sergey Lavrov alleged Thursday that the US and NATO are now directly participating in the Ukraine war.
“You shouldn’t say that the US and NATO aren’t taking part in this war. You are directly participating in it,” Lavrov told a press briefing.
“And not just by providing weapons but also by training personnel. You are training their military on your territory, on the territories of Britain, Germany, Italy, and other countries,” he pointed out.
He reiterated prior Kremlin statements underscoring that war between nuclear powers is “unacceptable” but while highlighting that growing US-NATO involvement greatly heightens this risk.
“Even if someone plans to start it by conventional means, the risk of escalation into a nuclear war will be enormous,” Lavrov added.
Lavrov’s comments are hugely significant given up to this point Moscow slammed what it called “indirect” American involvement. Russian officials spoke of the growing proxy war nature of the conflict. But now it appears the Kremlin sees that there’s been an escalation to direct NATO involvement.
Meanwhile the ongoing British program at multiple UK bases continues to be large in size. The UK’s own infantry program for Ukraine forces has a stated goal of training at least 10,000 Ukrainian troops.
It remains that the Kremlin has warned repeatedly against such deepening Western involvement, which clearly is now going far beyond just weapons shipments. Russia this week walked away from New START nuclear arms reduction treaty negotiations with the US while citing its growing involvement in backing Kiev as a major reason for halting resumption of talks.
end
Putin Tells Scholz More Ukraine Energy Strikes ‘Inevitable’ Due To West Pumping In Weapons
FRIDAY, DEC 02, 2022 – 08:25 PM
Ukraine is bracing for further stepped-up Russian airstrikes targeting its energy infrastructure, with President Vladimir Putin on Friday confirming the next wave is imminent, telling his German counterpart Olaf Scholz that new attacks are “inevitable” due to the West’s “destructive” policies.
“It was noted that the Russian Armed Forces had long refrained from precision missile strikes against certain targets on the territory of Ukraine,” a Kremlin readout of the telephone call begins. “But now such measures have become a forced and inevitable response to Kyiv’s provocative attacks on Russia’s civilian infrastructure.”
The statement emphasizes NATO’s weapons pipeline into Kiev: “Attention was drawn to the destructive line of Western states, including Germany, that are pumping the Kyiv regime with weapons, and are training the Ukrainian military.”
Putin reminded Scholz of the West’s deep “political and financial support” which has made the potential for any meaningful ceasefire negotiations impossible, from Moscow’s perspective. He said constant and largescale military support from allies “leads to the fact that Kyiv completely rejects the idea of any negotiations.”
Meanwhile, there appears to be external verification that the next significant aerial attack on Ukraine is coming soon, with Sky News Australia citing military analysts who say new satellite images show Russia is planning an ‘imminent’ large scale missile strike on Ukraine.
According to details in the report:
Satellite images released by US-based Maxar Technologies show a build-up of two dozen Tu-95 and Tu-160 long-range bombers at Engels-2 air base in Saratov Oblast, 700km from the Russia-Ukrainian border.
Pictured beside the aircraft are ammunition boxes, which experts say are likely to contain Kh-55 and Kh-101 cruise missiles, with the significant increase in activity suggesting a looming attack.
Additionally, Der Spiegel quotes military analyst Arda Mevlutoğlu as follows: “The unusually high number of bombers on the tarmac is an indication of an increase in operations, if not an imminent large-scale attack.”
Despite Ukrainian utility and emergency crews continuing to scramble, it remains that an estimated 40% of the entire national energy infrastructure remains degraded or destroyed. The New York Times reported this week, “Ukrainian officials said that Russian attacks had disabled the power grid in the southern city of Kherson and six million people across the country were still without power after previous assaults.”
Temperatures have also remained below freezing, and are expected to dip further into the frigid winter months. Russia has defended its attacks on the energy grid as “legitimate”, while US Secretary of State Antony Blinken during a meeting of NATO ministers in Bucharest, Romania condemned the “barbaric” Russian actions.
6. GLOBAL ISSUES//COVID ISSUES//VACCINE ISSUES.
Vaccine//Covid issues: Injuries
Rand Paul: Fauci Caused 7 Million People To Die; “We’ve Caught Him Red-Handed, He Won’t Get Away”
FRIDAY, DEC 02, 2022 – 03:23 PM
Authored by Steve Watson via Summit News,
Senator Rand Paul asserted Thursday that Anthony Fauci is directly responsible for funding dangerous research that likely killed millions of people, and that he “won’t get away.”
“Likely there is no public health figure who has made a greater error in judgement than Dr Fauci,” Paul declared in a Fox News appearance, adding “the error of judgement was to fund gain of function research in a totalitarian country.”
Fauci funded “research that allowed them to create super viruses, that in all likelihood leaked into the public and caused seven million people to die,” Paul declared.
“This is right up there with decisions, some of them malevolent or military to kill millions of people,” The Senator further urged.
Watch:
The Senator made the comments after Fauci appeared in a fawning Washington Post interview, where he was labeled a “hero,” complained about being a victim, and couldn’t think of anything he did wrong.
Paul further noted that “It goes to judgement, talk about errors, you think he might apologise to the world… to support that kind of research then look the other way and say nothing to see here, and to cover it up.”
“For the last two years he’s been covering his tracks, but we’ve caught him red handed and he won’t get away,” Paul asserted, adding “historically [Fauci] will be remembered for one of the worst judgments in the history of modern medicine.”
Paul also commented on efforts he is leading to overturn the Biden Administration’s COVID vaccine mandate for military personnel.
“They deserve to have their religious freedom, as well as their medical choices and freedom to decide what goes into their body,” Paul noted.
He continued, “We know this, and this is a scientific fact, the vaccine does not prevent you from getting an infection, it doesn’t prevent you from transmitting an infection, and for young people there isn’t significant evidence to show that it reduces the severity or hospitalisation.”
“The military has become so ‘woke’ and they’re demanding you get a vaccine that you don’t need, so something’s got to change,” the Senator further urged.
Three doses obligatory – Italy: 2 million unvaccinated people have to pay a fine – Today Times Live
Inbox
Robert Hryniak8:18 PM (3 hours ago) tohttps://todaytimeslive.com/world/172666.html ReplyForward |
DR PA
end
PAUL ALEXANDER
Massive fall in the birth rate – a consequence of the corona vaccination? Current official figures from Germany and Switzerland show a massive decline in births in the first five months of this year.
“This is also very surprising because births have increased sharply in both countries in the last 10 years and the current decline observed breaks with this trend.
| DR. PAUL ALEXANDERDEC 1 |
A detailed analysis from Switzerland shows that the massive drop in birth rates occurred in all Swiss cantons at the same time and amounted to between 2.5% and 29.1% (with the exception of one canton). This decrease correlates extremely significantly with the time of the first corona vaccination in the age group 20 to 49 years nine months earlier (low p-value of 0.0005704).
It is also striking that regions with a high vaccination rate in this age group also show a stronger fall in births: a vaccination rate of 63.9% in Zurich with a fall in births of −18% and 49.7% in eastern Switzerland with a fall in births of − 8.6%.
| Open in app or onlineChemaitelly et al.: “Long-term COVID-19 booster effectiveness by infection history and clinical vulnerability and immune imprinting”; protection against infection waned after the booster, andeventually suggested an imprinting effect of compromised protection relative to the primary series.” lay man terms it means booster failed on Pfizer & Moderna with Original antigenic sin dominatingDR. PAUL ALEXANDERDEC 1 SAVE▷ LISTEN SOURCE:https://www.medrxiv.org/content/10.1101/2022.11.14.22282103v1.full.pdf |
VACCINE IMPACT
SLAY NEWS
| The latest reports from Slay News |
| Canada Advances Law to Jail Doctors for ‘Misinformation’Lawmakers in Canada are advancing new legislation that seeks to punish doctors with jail time if they are caught spreading so-called “misinformation.”READ MORE |
| Filmmaker Dies ‘Suddenly in His Sleep’ at 45, despite ‘Good Health’A celebrated filmmaker from Philadelphia has “died suddenly in his sleep” at just 45 years old, despite his family insisting that he was in “good health.”READ MORE |
| Alyssa Milano Gives up Game, Says Elon Musk Is ‘Destroying’ Twitter but Admits Nothing’s Changed“Woke” Hollywood star Alyssa Milano tried to smear Twitter CEO Elon Musk on “The View” but ended up exposing her own ignorance instead.READ MORE |
| Fox News Leaves Rivals in Dust, Beats CNN and MSNBC Viewer Numbers CombinedFox News dominated the TV ratings again during the month of November, beating rivals MSNBC and CNN’s viewer numbers combined for the fourth straight month.READ MORE |
| Kevin McCarthy Puts Liz Cheney on Notice, Warns Her to ‘Preserve All Records’ of Jan 6 ProbeRepublican House Minority Leader Rep. Kevin McCarthy (R-CA) has put Rep. Liz Cheney (R-WY) on notice, telling the outgoing GOP congresswoman and her allies on the anti-Trump Jan. 6 Committee to “preserve all records and transcripts.”READ MORE |
| Gov Kristi Noem Bans South Dakota Government Workers from Using CCP-Owned TikTokRepublican Gov. Kristi Noem has banned all South Dakota government workers from using the Chinese Communist Party-owned social media app TikTok.READ MORE |
| U.S Air Marshals Tell Biden to Pound Sand over Border Plan, Warn of ‘Mutiny’The U.S. Federal Air Marshal Service is planning to defy Democrat President Joe Biden and refuse to deploy to the southern border to help with the migration crisis.READ MORE |
| Lindsey Graham Warns Apple Making Big ‘Mistake’ by Helping Chinese Communist PartyRepublican Sen. Lindsey Graham (R-SC) has warned Apple that the tech giant is making a big “mistake” by helping the Chinese Communist Party suppress anti-lockdown protesters in China.READ MORE |
| Hollywood Celebrity Fitness Trainer Eric Fleishman Dies Suddenly at 53One of Hollywood’s top celebrity fitness trainers Eric Fleishman has tragically died suddenly at just 53 years old, according to reports.READ MORE |
| Greg Gutfeld Beats Stephen Colbert in Key Demographic, Crushes All Late Night Shows in Viewer NumbersGreg Gutfeld continues to dominate the ratings as his hit Fox News show remains the king of late-night.READ MORE |
| Kayleigh McEnany Puts Joy Behar on Notice as Fox News’ ‘Outnumbered’ Beats ABC’s ‘The View’Rising Fox News star Kayleigh McEnany has put fading ABC host Joy Behar on notice as her hit Fox News show “Outnumbered” beat “The View” several times in November.READ MORE |
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
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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
Stocks, Bonds, Crypto, & Commodities Soar As ‘Dovish’ Powell Trumps ‘Hawkish’ Payrolls
FRIDAY, DEC 02, 2022 – 11:00 PM
A chaotic week of China COVID headlines mixed with OPEC production cut rumors, sprinkled in with ugly economic data (ISM/PMI/Housing) and “great” economic data (payrolls and wage growth) was all trumped by the market’s belief that Fed Chair Powell spoke ‘dovishly’.
On the week, Fed rate trajectory adjusted lower (dovishly) with terminal Fed rate expectations dropping and rate-cut expectations increased…
Source: Bloomberg
Which pushed stocks higher on the week (notably the equity dump from the ‘hawkish’ jobs data this morning was quickly rebuked as the reality under the headlines showed things are nothing like a bright. The Nasdaq was the week’s best performer, Dow managed to close green on the week thanks to a late-day meltup…
NOTE – stocks had traded rather hawkishly into the Powell speech.
VIX tumbled back below the key 20 level to its lowest since April…
Source: Bloomberg
Bonds were also bid on the week, with the entire curve basically down around 17-18bps on the week…
Source: Bloomberg
The yield curve ended unchanged on the week after steepening ahead of today’s payrolls print and then flattening hugely today…
Source: Bloomberg
The dollar fell for the 6th week of the last 7, breaking below its 200DMA… This is the lowest close for the Bloomberg Dollar Index since June…
Source: Bloomberg
Cryptos managed gains on the week with Ethereum up 7.5% and Bitcoin up around 3%…
Source: Bloomberg
Commodities all benefited from a weaker dollar and dovish talk with silver outperforming…
Source: Bloomberg
A noisy week for crude but WTI ended the week up at $80…
Gold surged back above $1800 this week – its highest since August…
Finally, we wonder just how Jay Powell feels about the fact that financial conditions have eased dramatically in the last few weeks…
Source: Bloomberg
In fact, all of the tightening since the September FOMC meeting has now been erased… that doesn’t seem like the kind of ‘longer and more restrictive’ path that Fed speakers have been jawboning all week?!
EARLY MORNING TRADING
November Payrolls Unexpectedly Smash Expectations As Hourly Earnings Jump
FRIDAY, DEC 02, 2022 – 03:38 PM
It was supposed to be the lowest payrolls report since December 2020 and… it was, but not how the market expected. With consensus expecting a 200K print (and whisper predicting much lower amid the mass tech layoffs), virtually nobody – not even Goldman – expected anything resembling a beat. And while we did in fact get the weakest print since Dec 2020 (and tied with March 2021), the report was a completely unexpected beat to expectations, coming in at +263K, this was a huge beat to expectations of 200K (the 7th consecutive beat) and just barely a drop compared to the upward revised 284K last month.
The change in total nonfarm payroll employment for September was revised down by 46,000, from +315,000 to +269,000, and the change for October was revised up by 23,000, from +261,000 to +284,000. With these revisions, employment gains in September and October combined were 23,000 lower than previously reported
Monthly job growth has averaged 392,000 thus far in 2022, compared with 562,000 per month in 2021. In November, the biggest job gains occurred in leisure and hospitality (bartenders and waiters), health care, and government. Employment declined in retail trade and in transportation and warehousing.
As noted, this was the 7th consecutive payrolls beat of expectations in a row!
The unemployment rate was unchanged at 3.7% in November, in line with expectations, and has been in a narrow range of 3.5% to 3.7% since March. The number of unemployed persons was essentially unchanged at 6.0 million in November. Among the major worker groups, the unemployment rates for adult men (3.4 percent), adult women (3.3 percent), teenagers (11.3 percent), Whites (3.2 percent), Blacks (5.7 percent), Asians (2.7 percent), and Hispanics (3.9 percent) showed little or no change over the month. (See tables A-1, A-2, and A-3.)
Both the labor force participation rate, at 62.1 percent, and the employment-population ratio, at 59.9 percent, were little changed in November and have shown little net change since early this year.
But what was the most troubling update is that wages came in red hot again, with average hourly earnings for all employees on private nonfarm payrolls rising by 18 cents, or 0.6% to $32.82, double the expected 0.3% growth . Over the past 12 months, average hourly earnings have increased by 5.1% which was also above the 4.6% expected.
Here is Cornerstone Financial’s Cliff Hodge on the earnings data: “While the headline payrolls number was strong, the wage data is going to be eye-popping for the Fed. The 0.6% month-over-month wage growth number matched the highest level all year. Higher wages feed into higher inflation, which will no doubt keep pressure on the Fed and should increase expectations for the terminal rate. We got no help from the participation rate, which continues to move in the wrong direction and will keep competition for labor high until the economy inevitably rolls over sometime next year.”
In November, the average workweek for all employees on private nonfarm payrolls declined by 0.1 hour to 34.4 hours. In manufacturing, the average workweek for all employees decreased by 0.2 hour to 40.2 hours, and overtime declined by 0.1 hour to 3.1 hours. The average workweek for production and nonsupervisory employees on private nonfarm payrolls decreased by 0.1 hour to 33.9 hours.
Some more details:
- Among the unemployed, the number of permanent job losers rose by 127,000 to 1.4 million in November. The number of persons on temporary layoff changed little at 803,000.
- The number of long-term unemployed (those jobless for 27 weeks or more) was little changed at 1.2 million in November. The long-term unemployed accounted for 20.6 percent of all unemployed persons.
- The number of persons employed part time for economic reasons was about unchanged at 3.7 million in November. These individuals, who would have preferred full-time employment, were working part time because their hours had been reduced or they were unable to find full-time jobs.
- The number of persons not in the labor force who currently want a job was little changed at 5.6 million in November and remains above its February 2020 level of 5.0 million. These individuals were not counted as unemployed because they were not actively looking for work during the 4 weeks preceding the survey or were unavailable to take a job.
- Among those not in the labor force who wanted a job, the number of persons marginally attached to the labor force held at 1.5 million in November. These individuals wanted and were available for work and had looked for a job sometime in the prior 12 months but had not looked for work in the 4 weeks preceding the survey. The number of discouraged workers, a subset of the marginally attached who believed that no jobs were available for them, was 405,000 in November, little changed from the previous month.
Drilling down into the BLS’s establishment survey fabulation we get the following ridiculous modeled “data”:
- Leisure and hospitality added 88,000 jobs in November, including a gain of 62,000 in food services and drinking places. Leisure and hospitality has added an average of 82,000 jobs per month thus far this year, less than half the average gain of 196,000 jobs per month in 2021.
- In November, employment in health care rose by 45,000, with gains in ambulatory health care services (+23,000), hospitals (+11,000), and nursing and residential care facilities (+10,000).
- Government added 42,000 jobs in November, mostly in local government (+32,000). Government employment has increased by an average of 25,000 per month thus far this year, compared with 38,000 per month in 2021. Since February 2020, government employment is down by 461,000, or 2.0 percent.
- In November, employment in the other services industry rose by 24,000, as personal and laundry services added 11,000 jobs over the month. Other services employment has increased by an average of 15,000 per month thus far this year, compared with 24,000 per month in 2021. Employment in other services is below its February 2020 level by 186,000, or 3.1 percent.
- Employment in social assistance increased by 23,000 in November and has returned to its February 2020 level. Within social assistance, employment in individual and family services increased by 17,000 in November. Job growth in social assistance has averaged 18,000 per month thus far in 2022, compared with an average of 13,000 per month in 2021.
- Construction employment continued to trend up in November (+20,000), with nonresidential building adding 8,000 jobs. Construction has added an average of 19,000 jobs per month thus far this year, little different from the 2021 average of 16,000 per month.
- Employment in information rose by 19,000 in November. Employment in the industry has increased by an average of 14,000 per month thus far this year, in line with the average of 16,000 per month in 2021.
- Manufacturing employment continued to trend up in November (+14,000). Job growth has averaged 34,000 per month thus far this year, little different from the 2021 average of 30,000 per month.
- In November, employment in financial activities continued its upward trend (+14,000). Job gains in real estate and rental and leasing (+13,000) and in securities, commodity contracts, and investments (+6,000) were partially offset by a decline in credit intermediation and related activities (-9,000). Employment in financial activities has increased by an average of 12,000 per month thus far this year, the same as in 2021.
- Employment in retail trade declined by 30,000 in November. Job losses in general merchandise stores (-32,000), electronics and appliance stores (-4,000), and furniture and home furnishings stores (-3,000) were partially offset by a job gain in motor vehicle and parts dealers (+10,000). Retail trade employment has fallen by 62,000 since August.
- Employment in transportation and warehousing declined by 15,000 in November and has decreased by 38,000 since July. In November, job losses in warehousing and storage (-13,000) and in couriers and messengers (-12,000) were partially offset by a job gain in air transportation (+4,000).
- Employment in professional and business services changed little in November (+6,000). Within the industry, professional and technical services added 28,000 jobs, while business support services lost 11,000 jobs. Monthly job growth in professional and business services has averaged 58,000 thus far in 2022, down from 94,000 per month in 2021.
And a visual heatmap of jobs courtesy of Bloomberg:
Needless to say this report, clearly politically motivated in light of everything else taking place in the economy, has put the Fed in a corner: while most other economic indicators scream recession, Biden’s last economic silver lining – the labor market – continues to come in far hotter than expected, and as such it forces Powell to keep tightening until such time as the bottom falls out of the economy and the US goes straight from expansion to depression, skipping recession completely.
Matt Maley, chief market strategist for Miller Tabak agrees: “The number one issue for the Fed has been wage inflation. Today’s much higher than expected data on average hourly earnings shows that it is still a big problem. This will prolong the Fed’s current tightening policy.”
As BBG economist Anna Wong notes, “The robust November jobs report reinforces a point Fed Chair Jerome Powell made in his Nov. 30 speech: Signs that wage growth is moderating are only ‘tentative.’ The resurgence of average hourly earnings growth shows labor shortages are still pressuring inflation, pushing back against the idea — supported by a few Fed officials, as indicated in the November FOMC minutes — that wage growth is cooling fast. Given the slow adjustment in the labor market, Fed officials will likely have to raise their terminal-rate forecast from what they wrote down in the September dot plot.”
And in keeping with the market reaction matrix we shared earlier, the kneejerk reaction for all risk assets – stocks, TSYs, gold, and crypto – is uniformly lower.then
end
Bonds & Stocks Slammed After Payrolls Sparks Hawkish Surge In Rate-Hike Expectations
BY TYLER DURDEN
FRIDAY, DEC 02, 2022 – 03:51 PM
We’re gonna need another ‘dovish’ Powell speech to calm this market down.
This morning’s hotter than expected payrolls print (and reaccelerating wage growth) is not what the market or The Fed wanted to see to keep the ‘pause/pivot’ dream alive and rate-hike expectations are spiking and rate-cut hopes are tumbling…
This sent TSY yields soaring, led by the short-end…
And slammed stocks lower…
And spiked the dollar…
As Peter Tchir notes, the big news is earnings! Last month was up 0.5% instead of original 0.4% and this month was up a whopping 0.6% (versus 0.3% expected). Fed will not like that.
Establishment showing 263k jobs, with an upward revision of 23k to last month, but negative 46k the prior month (almost like we overstate jobs and claw back a bit over time). Household survey showed 138k job losses (with 328k lost last month). Why do we bother with two surveys?
Unemployment rate held steady at 3.7% but only because the labor force participation rate dropped – again!
We should give up some of this week’s gains (on rates, spreads and equities) and jobs, once again seems to be the strongest part of the economy (though Establishment survey seems to see more jobs than ADP or Household, but c’est la vie).
The pre-FOMC blackout period closes and leaves the market on its own to create a narrative that the pause is still alive…
end
Why the jobs report is one big farce
a must read…
(zerohedge)
Something Is Rigged: Unexplained, Record 2.7 Million Jobs Gap Emerges In Broken Payrolls Report
FRIDAY, DEC 02, 2022 – 05:49 PM
A superficial take of today’s jobs report would note that both jobs and earnings “blew past expectations, flying in the face of Fed rate hikes”, and while that is accurate at the headline level, it couldn’t be further from the truth if one actually digs a little deeper in today’s jobs numbers.
Recall that back in August, September, and October we showed that a stark divergence had opened between the Household and Establishment surveys that comprise the monthly jobs report, and since March the former has been stagnant while the latter has been rising every single month. In addition to that, full-time jobs were plunging while part-time jobs were surging and the number of multiple-jobholders soared.
Fast forward to today when the inconsistencies not only continue to grow, but have become downright grotesque.
Consider the following: the closely followed Establishment survey came in above expectations at 263K, above the 200K expected – a record 7th consecutive beat vs expectations – and down modestly from last month’s upward revised 284K…
… numbers which confirm that at a time when virtually every major tech company is announcing mass layoffs…
… the BLS has a single, laser-focused political agenda – not to spoil the political climate at a time when Democrats just lost control of the House as somehow both construction (+20K) and manufacturing (+14K) added jobs according to the BLS, when even ADP now reports that these two sectors combined shed more than 100,000 workers in November.
Alas, there is only so much the Department of Labor can hide under the rug because when looking at the abovementioned gap between the Household and Establishment surveys which we have been pounding the table on since the summer, it just blew out by a whopping 401K as a result of the 263K increase in the number of nonfarm payrolls (tracked by the Household survey) offset by a perplexing plunge in the number of people actually employed which tumbled by 138K (tracked by Household survey). Furthermore, as shown in the next chart, since March the number of employed workers has declined on 4 of the past 8 months, while the much more gamed nonfarm payrolls (goalseeked by the Establishment survey) have been up every single month.
What is even more perplexing, is that despite the continued rise in nonfarm payrolls, the Household survey continues to telegraph growing weakness, and as of Nov 30, the gap that opened in March has since grown to a whopping 2.7 million “workers” which may or may not exist anywhere besides the spreadsheet model of some BLS (or is that BLM) political activist. In fact, one look at the chart below confirms all one needs to know about BLS “data integrity.”
Showing this another way, there were 158.458 million employed workers in March 2022… and 158.470 million in November 2022 an increase of just 12,000 over 8 months, a period in which the number of payrolls (which as a reminder is the number the market follows) reportedly increased by 2.7 million!
As an aside, it appears this is not the first time the “apolitical” Bureau of Labor Statistics has pulled such a bizarre divergence off: it happened right before Obama’s reelection:
And then again: right before Hillary’s “100% guaranteed election (because one wouldn’t want a soft economy to adversely impact her re-election odds).
It gets better: digging in even deeper into the far more accurate and nuanced Household Survey, we find that the November drop in Employment was the result of a plunge in part-time workers, more than offsetting the modest increase in part-time workers which had declined in 3 of the past 4 months heading into November.
Further to this point, as shown below, since March, the US has lost 398K full-time employees offset by amodest gain of 190K part-time employees, while a whopping 291k workers were forced to get more than one job over the same period.
And while none of the above is really new – we have documented the record divergence between payrolls and employment for half a year now – there were two new developments: first, to facilitate its rigging of the data, the BLS has resorted to the oldest trick in the book, boosting the core goal-seek factor, the business “birth death” adjustments, which in October hit a record high 455K, and although it has since dipped to 14K in November, the trend in speculative BLS assumptions about the viability of the US economy (more businesses are created than are shut down only when there is economic solid growth) is clearly visible in the chart below.
Another point: it appears that the BLS is now aggressively estimating the so-called hard data. As Goldman’s Jan Hatzius observed, the 49% Establishment survey response rate was much lower than the 70-75% rate typical in November. The chart below shows just how much of an outlier the Nov 2022 payrolls report: it confirms that roughly a third of the report was not based on reality at all but on aggressive excel modeling and estimates.
One final point: a former Fed staffer Julia Coronado points out, we have reached the absurd part of the business cycle when average hours are declining in certain sectors even as hourly earnings are rising, prompting her to wonder if we are not in fact seeing a spike in hourly income courtesy of lump-sump severance payments.
So what’s going on here?
The simple answer: as shocking as this may sound, there has been no change in the number of people actually employed in the past 8 months, but due to deterioration in the economy, more people are losing their higher-paying, full-time jobs, and switching into much lower- paying, benefits-free part-time jobs, which also forces many to work more than one job, a rotation which picked up in earnest some time in March and which has only been captured by the Household survey. Meanwhile the Establishment survey plows on ahead with its politically-motivated approximations, seasonal adjustments, and other labor market goalseeking meant to make the Biden admin look good and provide the Fed with ammo to keep rates high (thus forcing even more real layoffs, which unfortunately the BLS is incapable of capturing due to political reasons).
And since the Establishment survey is far slower to pick up on the nuances in employment composition, while the Household Survey has gone nowhere since March, the BLS data engineers have been busy goalseeking the Establishment Survey (with the occasional nudge from the White House especially now that the Biden admin needs something to hang its hat on after the GOP recaptured the House) to make it appear as if the economy is growing strongly, when in reality all they are doing is applying the same erroneous seasonal adjustment factor that gave such a wrong perspective of the labor market in the aftermath of the covid pandemic (until it was all adjusted away a year ago). In other words, while the labor market is already cracking, it will take the BLS several months of veering away from reality before the government bureaucrats accept and admit what is truly taking place.
As an aside, here we admit we were wrong: back in August we said that “we expect that “realization” to take place just after the midterms, because the last thing the Biden administration can afford is admit the labor market is crashing in addition to the continued surge in inflation.” Little did we know just how stubborn and intent the White House is to stick to the broken narrative that all is well in the US.
Or, putting it otherwise as BofA’s Michael Hartnett did earlier today (and as we will discuss in a subsequent post) – “unemployment in ’23 will be as shocking to Main St consumer sentiment as inflation in ’22.”
EARLY AFTERNOON TRADING
ii) USA DATA
III) USA ECONOMIC STORIES.
end
SWAMP STORIES
USA ECONOMIN SUPPLY ISSUES
end
SWAMP STORIES
end
KING REPORT
| The King Report December 2, 2022 Issue 6899 | Independent View of the News |
| US federal expenditures have turned up. This is an accelerant for inflation, maybe more so than the Fed. US Federal Expenditures in billions – Still well above trend – Is it more inflationary than Fed liquidity? The ISM Manufacturing Index for November declined to 49 from 50.2; 49.7 was expected. New Orders 47.2 from 49.2, 48.5 consensus; Prices Paid 43 from 46.6, 45.9 expected; Employment 48.4 from 50 (exp) Stocks See Tug of War Around Key 200-Day Average (S&P 500, 4048.33)Manufacturing contracts for the first time since May 2020Inflation gauge (PCE Core 0.2% m/m, 5% y/y) sees second-smallest increase this yearhttps://www.yahoo.com/now/stocks-extend-powell-driven-rally-003439142.html ESZs opened higher in early Asian trading on Thursday. They retreated to a small loss by 22:12 ET. After a moderate rebound, ESZs rolled over and declined when Japan closed. A bottom appeared at 4:37 ET. A modest rally ended quickly, ESZs and stocks went inert until the rally for the NYSE open began when the US bond market opened at 8 ET. ESZs hit their daily high of 4110.00 at 10 ET. They then tumbled to a daily low of 4050.50. The obligatory rally for the European close appeared. After Europe closed, ESZs and US stocks sank until a Noon Balloon developed. The balloon deflated when the afternoon arrived; ESZs and stocks then went inert until the pre-last hour rally began at 14:48 ET. The rally ended within 3 minutes. But traders, including retail guppies, are euphoric and massively long call options. So, manipulators returned to markup stuff. The push ended within 5 minutes. Another modest spike appeared at 14:43; it ended at 14:45 ET. ESZs and stocks tumbled into the close while USZs and gold (+$57.40) soared. Is there a Credit Suisse problem in the system? Credit Default Swaps Blow Out on Credit Suisse as its Stock Price Hits an All-Time Low of $2.82 https://wallstreetonparade.com/2022/12/credit-default-swaps-blow-out-on-credit-suisse-as-its-stock-price-hits-an-all-time-low-of-2-82/ USZs soared 2 25/32. Investors panicked to procure real interest rates that are 350 to 400bps negative by US government CPI and beaucoup more negative in reality! The Atlanta Fed GDPNow model cuts its Q4 GDP estimate to 2.8% from 4.3% (from November 23). https://www.atlantafed.org/cqer/research/gdpnow Janet Yellen blames Americans’ ‘splurging’ for record-high inflation “They were in their homes for a year or more, they wanted to buy grills and office furniture, they were working from home, they suddenly started splurging on goods, buying technology,” she claimed, which led to supply chain “bottlenecks.”… https://www.foxnews.com/media/yellen-blames-americans-splurging-pandemic-record-high-inflation The fact that a dolt like Yellen repeatedly got appointed to high positions in the US is an indictment of the US Establishment and the system it has foisted on the USA – as well as the high US education system. Surge in nickel prices threatened to blow $2.6bn hole in key LME entity https://t.co/R3wY6fR86f Fullest accounting to date of incident in March shows clearing house was under severe strain Positive aspects of previous session Bonds soared on start of the month buying, economic growth angst, and massive, short covering Netflix jumped 3/74% on a WSJ tout. Meta rallied 1.98% due to cost cutting at NYC Hudson Yards Negative aspects of previous session The dollar got hammered again If the bond surge isn’t due to rabid short covering, Mr. Bond sees recession or Credit Suisse woes Equity indices declined except for Fang and tech-related indices Ambiguous aspects of previous session What will Fed officials say on the last day before their blackout period begins? 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]: 4075.98 Previous session High/Low: 4100.51; 4050.87 U.S. appeals court rejects Biden’s bid to revive student debt plan https://t.co/IXBn82C1w2 Fed Balance Sheet: -$36.814B; MBS -$13.327B; Treasuries -$19.339B The Fed Balance Sheet hit a peak of $8.965 trillion on April 13, 2022. This was a 116% increase from $4.159 trillion on February 26, 2020, the start of the Covid Panic. The Fed Balance Sheet was $911B on August 29, 2008. The Fed Balance Sheet is now $8.585T, a decline of only 4.24% since April! Today – The November Employment Report could be the last good NFP for a while. We have highlighted for the past several months that the BLS has been crafting stronger than reality NFP by greatly increasing its monthly seasonal adjustments. At yearend, NFP NSA should approximate NFP SA. The BLS has a lot of rectification to perform to equate NFP NSA and NFP SA. Keep an eye on Credit Suisse! Financial system problems tend to intensify on Friday thru Sunday. Who wants to be long equities into the weekend? The Swiss 0.5% 2032 bond rallied 0.667%. Similar European bonds soared over 1.0%. The UK 4.25% (2032) rose 0.472%. ESZs are -13.00 at 20:15 ET. The Big Guy & US woke corporations have yet to comment on the “White Paper Revolution.” Expected economic data: Nov NFP 200k, Mfg 19k, Rate 3.7%, Wages 0.3% m/m & 4.6% y/y, Workweek 34.5, Labor Force Participation Rate 62.3%; Richmond Fed Pres Barkin 9:15 ET, Chicago Fed Pres Evans 10:15 ET and 14:00 ET S&P 500 Index 50-day MA: 3806; 100-day MA: 3924; 150-day MA: 3935; 200-day MA: 4048 DJIA 50-day MA: 31,677; 100-day MA: 31,937; 150-day MA: 31,900; 200-day MA: 32,461 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 3850.20 triggers a sell signal Hourly: Trender and MACD are positive – a close below 4004.48 triggers a sell signal @DailyCaller: Fmr. President Barack Obama: “We all know some folks in our lives…they say crazy stuff…Uncle Joe, you know what happened to him. They’re part of the family but you don’t give them serious responsibilities.” https://twitter.com/DailyCaller/status/1598472611616497668 @tomselliott: In address w/ Pres. Macron, Biden praises “Marcus Lafayette” https://twitter.com/tomselliott/status/1598326438305865738 @bennyjohnson: New Biden “Try Not to Cringe” just dropped… https://twitter.com/bennyjohnson/status/1598407018250838016 Macron going caretaker on The Big Guy when Joe starts wandering and looks lost in the WH garden. https://twitter.com/ClownWorld_/status/1598451841330999296 Dem lawmaker criticizes Biden for ritzy White House state dinner serving ‘200 Maine lobsters’ French president is first state visit Biden has allowed at White House https://www.foxnews.com/politics/dem-lawmaker-criticizes-biden-for-ritzy-white-house-dinner-serving-200-maine-lobsters Katie Hobbs’ Office Threatened County Board with Arrest, Indictment if They Didn’t Certify Results – Democratic Arizona Secretary of State and Gov.-elect Katie Hobbs’ top deputy threatened the Mohave County Board of Supervisors with prosecution if it didn’t certify her election results before a Monday deadline, according to emails and documents reviewed by the Daily Caller News Foundation… “The threat of legal action, including personally, came from the Arizona State Elections Director [Kori Lorick],” said the board’s chair-elect, Supervisor Travis Linginfelter. While previous reporting noted that the board’s members were warned of prosecution by their counsel, the board’s members have now stated that the threats came from Lorick, who reports to Hobbs, as well…” https://dailycaller.com/2022/12/01/katie-hobbs-threatened-county-arrest-prosecution/ Biden gets snarky with reporter for asking why he didn’t negotiate a deal to give rail workers paid sick leave – the Senate voted with an overwhelming 80-15 majority to impose contract terms on four of the eight rail unions that had objected to them, averting a rail strike ahead of the December 9 deadline… https://www.dailymail.co.uk/news/article-11492295/Biden-gets-snarky-reporter-asking-didnt-negotiate-deal-rail-workers-paid-leave.html ‘Biden blew it’: Railroad workers unions lash out at president “He had the opportunity to prove his labor-friendly pedigree to millions of workers by simply asking Congress for legislation to end the threat of a national strike on terms more favorable to workers. Sadly, he could not bring himself to advocate for a lousy handful of sick days. The Democrats and Republicans are both pawns of big business and the corporations,” Sawyer added… https://t.co/65xyr8Sd8L @charliekirk11: Joe Biden just teamed up with corrupt union bosses and the US Senate to mandate rail workers accept a disgraceful contract that only gives them ONE sick day a year! Joe Biden and his union boss cronies strung workers along until after the midterms, then stabbed them in the back. Biden appears to declare himself the greatest president in US history Biden claims no other president has done as much as his administration. https://www.foxnews.com/politics/biden-appears-declare-himself-greatest-president-us-history Karine Jean-Pierre ripped for ‘categorically false’ claim Biden visited the border: ‘Caught in lies daily’ – President Biden has not visited the southern border since campaigning for Obama in 2008 https://www.foxnews.com/media/karine-jean-pierre-ripped-categorically-false-claim-biden-visited-border-caught-lies-daily Secret Service has Hunter Biden gun probe docs it denied having: watchdog https://trib.al/OG9jAg1 New DHS Disinfo Board documents reveal deep Big Tech collusion, contradict Mayorkas testimony: Sen. Hawley https://t.co/gOzj4z158Y @Rothbard1776: Tucker is one of the only mainstream media professionals with the courage to call out the American war machine, regardless of which party is beating the war drums. God Bless him for it. https://twitter.com/Rothbard1776/status/1598159216019398657?s=02 |
GREG HUNTER REPORT/
War on Trump, Died Suddenly Continues, Brace for Long Recession
By Greg Hunter On December 2, 2022 In Weekly News Wrap-Ups11 Comments
By Greg Hunter’s USAWatchdog.com (WNW 558 12.2.22)
There is a war on Trump from almost every angle. The Lying Legacy Media (LLM) continues the psyop that twists every piece of data into a negative for the 2024 presidential candidate. The Kanye (aka Ye) West antisemitic scam at Mara Largo is the latest attempt to destroy Donald Trump’s reputation with more lies. It ain’t going to work because everybody knows Trump is pro-Israel. He moved the U.S. Embassy to Jerusalem for goodness’ sake. The investigations and lawfare are unrelenting, and yet Trump keeps going. Meanwhile, nobody is talking about the Hunter Biden investigation coming in the House or the FTX crypto allegations of money laundering for the Democrat party. The LLM wants you to think that Trump is the villain, but we all know Biden was cheated in, the 2022 Election continues to be rigged and the Biden crime family are up to their necks in corruption.
Every week there is a new group of unfortunate vax victims. They either “die suddenly” or are damaged for life at a very young age. This is simply not going to stop anytime soon. Now, people in Congress are starting to feel nervous about this increasing debacle and are offering to try to put an end to the mandatory vax idiocy in the U.S. military by withholding funding. Congress is exempt from the vax they allowed on the rest of the country, and it appears they need to try to save face and stop the carnage–at least in the military. There is no stopping what is coming, especially for the double vaxed and boosted. Just ask Al Roker, who just returned to the hospital for more life-threatening blood clots, and, yes, he’s reportedly triple vaxed.
The signs are everywhere in the world and the USA that we are heading into a recession—a deep one. Manufacturing just went into a contraction, European banks are tanking, inflation is boiling, and the Fed is still raising interest rates to fight it. Michael Burry says get ready for an “extended multi-year recession.”
Join Greg Hunter of USAWatchdog.com for these stories and more in the Weekly News Wrap-Up for 12.2.22.
(https://usawatchdog.com/war-on-trump-died-suddenly-continues-brace-for-long-recession/
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After the Wrap-Up:
Biotech analyst Karen Kingston will be the guest for the Saturday Night Post. Kingston says new information shows the evil people pushing the CV19 injections knew they would kill and injure mass amounts of people.
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