GOLD PRICE CLOSE: UP $2.50 at $1770.25
SILVER PRICE CLOSE: DOWN 0.08 to $22.13
Access prices: closes : 4: 15 PM
Gold ACCESS CLOSE 176700
Silver ACCESS CLOSE: 22.21
Bitcoin morning price:, 17333 up
Bitcoin: afternoon price: $16,924 down 409
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: $2420.60 up $16.50 CDN dollars per oz
BRITISH GOLD: 1459.43 up 8.58 pounds per oz
EURO GOLD: 1693,49 down 11.47 euros per oz
DONATE
EXCHANGE: COMEX
COMEX//NOTICES FILED
EXCHANGE: COMEX
CONTRACT: DECEMBER 2022 COMEX 100 GOLD FUTURES
SETTLEMENT: 1,767.400000000 USD
INTENT DATE: 12/05/2022 DELIVERY DATE: 12/07/2022
FIRM ORG FIRM NAME ISSUED STOPPED
104 C MIZUHO 3
118 C MACQUARIE FUT 34
132 C SG AMERICAS 7
190 H BMO CAPITAL 13
323 C HSBC 345
332 H STANDARD CHARTE 41
435 H SCOTIA CAPITAL 26
624 H BOFA SECURITIES 79
657 C MORGAN STANLEY 5
661 C JP MORGAN 88 199
685 C RJ OBRIEN 1
686 C STONEX FINANCIA 1
700 C UBS 12
800 C MAREX SPEC 7
905 C ADM 7
TOTAL: 434 434
MONTH TO DATE: 12,415DONATE
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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: 434 NOTICES FOR 43,400 OZ or 1.3499 TONNES
total notices so far: 12,415 contracts for 1,241,500 oz (38.615 tonnes)
SILVER NOTICES: 139 NOTICE(S) FILED FOR 695,000 OZ/
total number of notices filed so far this month 2915 for 14,575,000 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 FELL BY A STRONG SIZED 2698 CONTRACTS TO 123,529 AND FURTHER FROM THE RECORD HIGH OI OF 244,710, SET FEB 25/2020 AND THE LOSS IN COMEX OI WAS ACCOMPLISHED WITH OUR CONSIDERABLE $0.89 LOSS IN SILVER PRICING AT THE COMEX ON FRIDAY. OUR SHORTERS/HFT WERE SUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT FELL BY $0.89 AND WERE UNSUCCESSFUL IN KNOCKING ANY SPEC LONGS, AS WE HAD A HUGE SIZED GAIN IN OUR TWO EXCHANGES OF 1010 CONTRACTS AS WELL AS ANOTHER EXCHANGE FOR RISK TRANSFER OF 850 CONTRACTS. WE HAD A ZERO ATTEMPTED SPEC SHORT COVERINGS OF THEIR SHORTFALL. .WE PROBABLY HAD ZERO SPEC SHORT ADDITIONS 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:
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 395,,000 /// / // V) HUGE SIZED COMEX OI LOSS/
I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL_2269
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS DEC. ACCUMULATION FOR EFP’S SILVER/JPMORGAN’S HOUSE OF BRIBES/STARTING FROM FIRST DAY/MONTH OF DEC:
TOTAL CONTRACTS for 4 days, total 2760 contracts: OR 13.8 MILLION OZ PER DAY. (920 CONTRACTS PER DAY)
TOTAL EFP’S FOR THE MONTH SO FAR: 13.80 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, 13.80 MILLION OZ INITIAL
RESULT: WE HAD A GOOD SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 2698 WITH OUR STRONG $0.89 GAIN IN SILVER PRICING AT THE COMEX// MONDAY.,. THE CME NOTIFIED US THAT WE HAD A GIGANTIC SIZED EFP ISSUANCE CONTRACTS: 1010 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 395,000 QUEUE JUMP / .. WE HAVE A HUGE SIZED LOSS OF 1448 OI CONTRACTS ON THE TWO EXCHANGES FOR 7.24 MILLION OZ.. THE SILVER SHORTS ARE NOW TRAPPED AS THEY ARE HAVING CONSIDERABLE DIFFICULTY IN COVERING THOSE SHORTS.
WE HAD 139 NOTICE(S) FILED TODAY FOR 695,000 OZ
THE SILVER COMEX IS NOW BEING ATTACKED FOR METAL BY LONDONERS ET AL.
GOLD//OUTLINE
IN GOLD, THE COMEX OPEN INTEREST FELL BY A STRONG SIZED 9032 CONTRACTS TO 427,248 AND FURTHER FROM THE RECORD (SET JAN 24/2020) AT 799,541 AND PREVIOUS TO THAT: (SET JAN 6/2020) AT 797,110.
THE DIFFERENTIAL FROM PRELIMINARY OI TO FINAL OI IN GOLD TODAY: ADDED 562 CONTRACTS.
.
THE STRONG SIZED DECREASE IN COMEX OI CAME WITH OUR LOSS 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 205 contracts or 20,500 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 LOSS PRICE OF $30.20 WITH RESPECT TO MONDAY’S TRADING
WE HAD A FAIR SIZED LOSS OF 7583 OI CONTRACTS (23.58 PAPER TONNES) ON OUR TWO EXCHANGES..
E.F.P. ISSUANCE
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A STRONG SIZED 3279 CONTRACTS:
The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 427,208
IN ESSENCE WE HAVE A STRONG SIZED DECREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 7583 CONTRACTS WITH 5462 CONTRACTS DECREASED AT THE COMEX (SHORT SPECULATORS FAILING TO GET OUT OF THEIR MESS) AND 1449 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI LOSS ON THE TWO EXCHANGES OF 7583 CONTRACTS OR 23.58 TONNES.
CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES
WE HAD A FAIR SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (1449 CONTRACTS) ACCOMPANYING THE STRONG SIZED LOSS IN COMEX OI (9032) TOTAL LOSS IN THE TWO EXCHANGES 7583 CONTRACTS. WE NO DOUBT HAD 1) ATTEMPTED BUT FAILED SPECULATOR SHORT COVERINGS// CONTINUED GOOD BANKER ADDITIONS BUT THEY ALSO SUPPLIED THE NECESSARY PAPER SHORT. WE HAD LIMITED SHORT SPEC ADDITIONS/// // MINOR NEWBIE SPEC ADDITIONS ,2.) STRONG INITIAL STANDING AT THE GOLD COMEX FOR DEC. AT 58.86 TONNES FOLLOWED BY TODAY’S QUEUE JUMP of 20,500 oz// //NEW STANDING 54.57 TONNES///3) ZERO LONG LIQUIDATION //// //.,4) STRONG SIZED COMEX OPEN INTEREST LOSS 5) FAIR 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 :
12,138 CONTRACTS OR 1,213,800 OZ OR 37.754 TONNES 4 TRADING DAY(S) AND THUS AVERAGING: 4046 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 4 TRADING DAY(S) IN TONNES:37.754 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2021, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 37,54/3550 x 100% TONNES 1.05% 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: 37.54 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 STRONG SIZED 2698 CONTRACTS OI TO 123,529 AND FURTHER FROM OUR COMEX HIGH RECORD //244,710(SET FEB 25/2020). THE LAST RECORDS WERE SET IN AUG.2018 AT 244,196 WITH A SILVER PRICE OF $14.78/(AUGUST 22/2018)..THE PREVIOUS RECORD TO THAT WAS SET ON APRIL 9/2018 AT 243,411 OPEN INTEREST CONTRACTS WITH THE SILVER PRICE AT THAT DAY: $16.53). AND PREVIOUS TO THAT, THE RECORD WAS ESTABLISHED AT: 234,787 CONTRACTS, SET ON APRIL 21.2017 OVER 5 YEARS AGO.
EFP ISSUANCE 1010 CONTRACTS
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
MAR 1010 and ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 1250 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. IF WE TAKE THE COMEX OI LOSS OF 2698 CONTRACTS AND ADD TO THE 1250 OI TRANSFERRED TO LONDON THROUGH EFP’S,
WE OBTAIN A HUGE SIZED LOSS OF 1448 OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES.
THUS IN OUNCES, THE LOSS ON THE TWO EXCHANGES 7.24 MILLION OZ//
OCCURRED WITH OUR LOSS IN PRICE OF $0.89….. OUR SPEC SHORTS HAVE NOWHERE TO HIDE!
OUTLINE FOR TODAY’S COMMENTARY
1/COMEX GOLD AND SILVER REPORT
(report Harvey)
2 ) Gold/silver trading overnight Europe,
(Peter Schiff,
end
3. Egon von Greyerz///Matthew Piepenburg via GoldSwitzerland.com,
4. Chris Powell of GATA provides to us very important physical commentaries
end
5. Other gold/silver commentaries
6. Commodity commentaries//
7/CRYPTOCURRENCIES/BITCOIN ETC
3. ASIAN AFFAIRS
i)MONDAY MORNING//SUNDAY NIGHT
SHANGHAI CLOSED DOWN 18,19 PTS OR 0.58% //Hang Sang CLOSED DOWN 53,12 OR 0.29% /The Nikkei closed DOWN 30.80 OR 0.11% //Australia’s all ordinaries CLOSED UP 0.21% /Chinese yuan (ONSHORE) closed DOWN TO 7.1151//OFFSHORE CHINESE YUAN DOWN 7.1257// /Oil DOWN TO 82.31 dollars per barrel for WTI and BRENT AT 95.14 / Stocks in Europe OPENED ALL GREEN. ONSHORE YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING STRONGER AGAINST US DOLLAR/OFFSHORE STRONGER
a)NORTH KOREA/SOUTH KOREA
outline
b) REPORT ON JAPAN/
OUTLINE
3 C CHINA
OUTLINE
4/EUROPEAN AFFAIRS
OUTLINE
5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
OUTLINE
6.Global Issues//COVID ISSUES/VACCINE ISSUES
OUTLINE
7. OIL ISSUES
OUTLINE
8 EMERGING MARKET ISSUES
COMEX DATA//AMOUNTS STANDING//VOLUME OF TRADING/INVENTORY MOVEMENTS
GOLD
LET US BEGIN:
THE TOTAL COMEX GOLD OPEN INTEREST FELL BY A STRONG SIZED 9052 CONTRACTS DOWN TO 427,208 WITH OUR THE HUGE FALL IN PRICE..$30.20
EXCHANGE FOR PHYSICAL ISSUANCE
WE ARE NOW IN THE -ACTIVE DELIVERY MONTH OF DEC… THE CME REPORTS THAT THE BANKERS ISSUED A FAIR SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS.,
THAT IS 1449 EFP CONTRACTS WERE ISSUED: ;: , . 0 FEB: 1449 & 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 LOST THE FOLLOWING TODAY ON OUR TWO EXCHANGES: A STRONG SIZED TOTAL OF 7583 CONTRACTS IN THAT 1449 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE HAD A STRONG SIZED COMEX OI LOSS OF 9032 CONTRACTS..AND THIS STRONG SIZED LOSS ON OUR TWO EXCHANGES HAPPENED WITH OUR HUGE LOSS IN PRICE OF GOLD $30.20. WE ARE WITNESSING MAJOR SPEC SHORTS ADDITIONS TO 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 NEWBIE SPECS LIQUIDATIONS.
// WE HAVE A STRONG AMOUNT OF GOLD TONNAGE STANDING DEC (54.57)
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. 54.57tonnes
THE SPECS/HFT WERE SUCCESSFUL IN LOWERING GOLD’S PRICE //// (IT FELL $30.20 AND WERE SUCCESSFUL IN KNOCKING OFF SOME SPECULATOR LONGS AS WE HAD A STRONG LOSS OF 7583 CONTRACTS ON OUR TWO EXCHANGES >. WE HAD HUGE SPEC SHORT ADDITIONS AND ZERO SPEC SHORT COVERINGS.. // WE HAVE LOST A TOTAL OI OF 23.58 PAPER TONNES OF TOTAL OI FROM OUR TWO EXCHANGES, ACCOMPANYING OUR GOLD TONNAGE STANDING FOR DEC. (54.57 TONNES)…THIS WAS ACCOMPLISHED WITH OUR LOSS IN PRICE OF $30.20
WE HAD – 562 CONTRACTS COMEX TRADES REMOVED FROM OPEN INTEREST AFTER TRADING ENDED LAST NIGHT
NET LOSS ON THE TWO EXCHANGES 7583 CONTRACTS OR 7583,00 OZ OR 23.58 TONNES
Estimated gold volume 123,587// poor//
final gold volumes/yesterday 192,187/ poor
INITIAL STANDINGS FOR DECEMBER 2022 COMEX GOLD //DEC 6
| Gold | Ounces |
| Withdrawals from Dealers Inventory in oz | nil |
| Withdrawals from Customer Inventory in oz | 128.60 oz Brinks 4 brinks |
| Deposit to the Dealer Inventory in oz | 41,764.149 oz Manfra |
| Deposits to the Customer Inventory, in oz | 54,688.851. oz Manfra |
| No of oz served (contracts) today | 434 notice(s) 43,400 OZ 1.3499 TONNES |
| No of oz to be served (notices) | 6542 contracts 6542,00 oz 20.348 TONNES |
| Total monthly oz gold served (contracts) so far this month | 12,415 notices 1,241,500 38.615 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 |
i)Dealer deposits: 1
Into Manfra: 41,764.149 oz
total dealer deposit: 41,764.149 oz
No dealer withdrawals
Customer deposits: 1
i)Into Manfra: 54,688.851 oz
total deposits 54,688.851 oz oz
customer withdrawals:1
i) Out of Brinks: 128.610 oz (4 kilobars)
Total withdrawals: 128.610 oz
total in tonnes: 0.0003 tonnes
Adjustments: 0/
CALCULATIONS FOR THE AMOUNT OF GOLD STANDING FOR DECEMBER.
For the front month of DECEMBER we have an oi of 6976 contracts having GAINED 1347 contracts
We had 53 contracts served on Monday, so we gained 1400 contracts or an additional 140,000 oz will stand for gold at the COMEX. 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 GAINED 21 contracts to stand at 1501
February LOST 10,080 contacts down to 361,711
We had 434 notice(s) filed today for 434–oz
Today, 0 notice(s) were issued from J.P.Morgan dealer account and 88 notices were issued from their client or customer account. The total of all issuance by all participants equate to 434 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 199 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 (12,415 x 100 oz , to which we add the difference between the open interest for the front month of (DEC. 6976 CONTRACTS) minus the number of notices served upon today 434 x 100 oz per contract equals 1,895,700 OZ OR 58.964 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 (12,415 x 100 oz+ (6976 OI for the front month minus the number of notices served upon today (434} x 100 oz} which equals 1,895,700oz standing OR 58.969 TONNES in this active delivery month of DEC..
TOTAL COMEX GOLD STANDING: 58.969 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: 2,052,004.885 OZ 63.82 tonnes
TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED: 23,502,084.494 OZ
TOTAL REGISTERED GOLD: 11,680,901.469 OZ (363.325 tonnes)..dropping fast
TOTAL OF ALL ELIGIBLE GOLD: 11,821,483.025 OZ
REGISTERED GOLD THAT CAN BE SERVED UPON: 9,628,889 OZ (REG GOLD- PLEDGED GOLD) 299.49 tonnes//rapidly declining
END
SILVER/COMEX
DEC 6//INITIAL DEC. SILVER CONTRACT
| Silver | Ounces |
| Withdrawals from Dealers Inventory | NIL oz |
| Withdrawals from Customer Inventory | 341,751.899 oz Brinks CNT DELAWARE |
| Deposits to the Dealer Inventory | nil OZ |
| Deposits to the Customer Inventory | 1,364,753.250 oz CNT DELAWARE |
| No of oz served today (contracts) | 129 CONTRACT(S) (695,000 OZ) |
| No of oz to be served (notices) | 2049 contracts (10,245,000 oz) |
| Total monthly oz silver served (contracts) | 2915 contracts (14,575,000 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 2 deposits into the customer account
i) Into Delaware: 165,156.460 oz
ii) Into CNT: 1,199,596.790 oz
Total deposits: 1,364.753.250 oz
JPMorgan has a total silver weight: 150.796 million oz/299/914 million =50.28% of comex .//dropping fast
Comex withdrawals:
i) Out of Brinks 89,164.100 oz
ii) Out of Int Delaware: 35,087.886 oz
iii) Out of Delaware: 16,098.183 oz
Total withdrawals; 341,751.899 oz
adjustments: dealer to customer
i) Brinks 1,823,797.610 oz
ii) Out of Manfra: 191,274.552 oz
the silver comex is in stress!
TOTAL REGISTERED SILVER: 33,160 MILLION OZ (declining rapidly).TOTAL REG + ELIG. 299.914MILLION OZ (also declining)
CALCULATION OF SILVER OZ STANDING FOR SEPT
silver open interest data:
FRONT MONTH OF DEC OI: 2188 CONTRACTS HAVING GAINED 4 CONTRACT(S.)
WE HAD 91 NOTICES FILED ON MONDAY. SO WE GAINED 95 CONTRACTS OR 475,000 oz
JANUARY SAW A LOSS OF 156 CONTRACTS DOWN TO 1095 CONTACTS.
FEB> GAINED 157 CONTRACTS TO 187 CONTRACTS
March lost 2832 contracts down to 108,676contracts
TOTAL NUMBER OF NOTICES FILED FOR TODAY:139 for 695,000 oz
Comex volumes:25,436// est. volume today// poor
Comex volume: confirmed yesterday: 76,268 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 2915 x 5,000 oz = 14,575,000 oz
to which we add the difference between the open interest for the front month of DEC( 2188) and the number of notices served upon today 139 x (5000 oz) equals the number of ounces standing.
Thus the standings for silver for the DEC./2022 contract month: 2915(notices served so far) x 5000 oz + OI for front month of DEC (2188 – number of notices served upon today (139)x 50070 oz of silver standing for the DEC. contract month equates 24.820 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 850 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. There has been 2100 Exchange for Risk contracts settled these past 3 days for 10.500 million oz. Thus total delivery: 35.32 million oz.
the record level of silver open interest is 234,787 contracts set on April 21./2017 with the price on that day at $18.42. The previous record was 224,540 contracts with the price at that time of $20.44
Comex volumes:72,569// est. volume today// good
Comex volume: confirmed yesterday: 79,442 contracts ( good)
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
Silvergate CEO Pens Letter Defending “Ample Liquidity” As Elizabeth Warren “Demands Answers” On FTX
TUESDAY, DEC 06, 2022 – 04:30 PM
Throughout the FTX chaos, we have been closely watching the gyrations in Silvergate, a regulated US crypto bank: caught up in the collateral damage from FTX’s implosion, Silvergate has plunged as low as $21 per share this morning, down from highs over $100 earlier this year and from record highs above $200 one year ago, as cash continues to pour out of the space.
The bank has now become a tug-of-war item between bears, who think the bank will get caught up in AML/KYC issues and/or that everything in crypto is heading much lower, and bulls, who see long-term value from a regulated bank when the “crypto winter” finally ends and the Fed pivots unleashing another massive liquidity gusher, sparking a scramble for non-printable fiat. The most recent punch landed has been by the bears when, this morning, NBC reported that Elizabeth Warren was “demanding answers” of the bank’s relationship with FTX.
The letter to Silvergate said:
“In the weeks since FTX’s shocking collapse, new and disturbing allegations about the company’s business practices have continued to surface, including the reports that Mr. Bankman-Fried ‘secretly transferred some $10 billion of customer funds to his trading vehicle, Alameda Research,’ to fund ‘risky bets,’ violating both U.S. securities laws and FTX’s own terms of service. We are concerned about Silvergate’s role in these activities because of reports suggesting that Silvergate facilitated the transfer of FTX customer funds to Alameda.”
“Your bank’s involvement in the transfer of FTX customer funds to Alameda reveals what appears to be an egregious failure of your bank’s responsibility to monitor for and report suspicious financial activity carried out by its clients,” Warren wrote.
It is unclear if the bank didn’t file suspicious activity reports – or if they were filed and simply ignored by relevant government agencies, as the CEO suggested previously. We’re guessing Silvergate will clear this up in detail going forward.
“Silvergate appears to be at the center of the improper transfer of billions in FTX customer funds. Americans need answers. Those guilty of wrongdoing must be held accountable,” Warren continued.
She makes a great point. Those guilty of wrongdoing should be held accountable. So let’s start with the man at the center of it all: why is Sam Bankman-Fried still walking around free?
But we digress. Throughout the last few weeks, Silvergate’s CEO has been outspoken in communicating with the market to offer up its position on the controversy. Most recently, late on Monday – perhaps to preempt the NBC story – CEO Alan Lane released a public letter seeking to once again clarify, among other things, the bank’s liquidity position and compliance standards.
“It has been a very difficult few weeks for the digital asset industry, as we have all come to terms with the apparent misuse of customer assets and other lapses of judgment by FTX and Alameda Research. There has also been plenty of speculation – and misinformation – being spread by short sellers and other opportunists trying to capitalize on market uncertainty,” he wrote.
“I wanted to take this opportunity to set the record straight about Silvergate’s role in the digital asset ecosystem and what we have always done, and continue to do, to ensure our customers act in accordance with our robust risk management controls,” he wrote.
He first tackled risk management and compliance:
We take risk management and compliance extremely seriously.
Silvergate operates in accordance with the Bank Secrecy Act and the USA PATRIOT Act. For each and every account, these laws require us to determine the beneficial owner, the source of funds, and the purpose and expected use of funds.
Silvergate also monitors transaction activity for every account and identifies activity outside of the expected usage. When we identify certain kinds of activity, we are required to file suspicious activity reports, and we do so routinely. We have a track record of closing accounts that are used for purposes outside of the expected use. This is no small undertaking. We have invested, and will continue to invest, in systems and procedures to help ensure we are conducting effective customer due diligence and monitoring. We have dedicated a substantial number of Silvergate employees to this effort.
And, as our customers can attest, the onboarding process can take weeks as a result of the time we spend gathering and reviewing information and documentation from prospective customers. After accounts are open, we continue to monitor account activity as part of our enhanced due diligence process on each of these accounts and to take action when there are red flags. By performing our risk management procedures and fulfilling our regulatory obligations, Silvergate plays a key role in helping law enforcement identify bad actors. We take this responsibility seriously.
Lane also commented on the company’s due diligence on FTX and Alameda Research, stating that “…if we detect activity that is unexpected or potentially concerning in any account, we conduct an investigation and, when required, confidentially file a suspicious activity report in accordance with federal regulation.”
Finally, he talked about the bank’s “ample liquidity”:
We have a resilient balance sheet and ample liquidity. While this has been a turbulent time in the digital asset industry, our customers’ deposits are, and have always been, safely held. In addition to the cash we carry on our balance sheet, our entire investment securities portfolio can be pledged for borrowings at the Federal Home Loan Bank, other financial institutions, and the Federal Reserve Discount Window – and can ultimately be sold should we need to generate liquidity to satisfy customer withdrawal request. We intentionally carry cash and securities in excess of our digital asset related deposit liabilities.
We purpose-built this business to support our customers not only during periods of growth but also in periods of volatility – that is, our business is designed to accommodate deposit inflows and outflows under a range of market conditions. I am eternally grateful to our employees for continuing to work hard in the face of so much uncertainty, and to our customers for their continued support. We look forward to continuing to provide a safe and reliable banking solution for the digital asset industry.
And while short sellers and skeptics continue to raise the risks of KYC/AML issues and float irrational ideas like “bankruptcy”, not everybody has been skeptical of Silvergate. Certainly we continue to watch for opportunistic chances to own the bank’s equity, as we believe during the next easing cycle, it will head back toward all time highs well over $200/share.
Recall, toward the end of November, “one of the richest men in crypto”, Brendan Blumer, bought 9.3% of the bank. This makes him the largest shareholder of the bank. Additionally, his EOS development firm, Block.one, also owns a 7.5% stake in the bank. Combined he controls about 17% of the bank. Block.one put out a press release about their stake in the bank calling it a “proven track record of maintaining a liquid and conservative balance sheet investment portfolio.”
They all said: “We believe Silvergate’s current equity prices do not accurately reflect their strong balance sheet, their strategic positioning, or their market-defiant growth trajectory, and therefore offers a unique investment opportunity. We are excited to be a new passive shareholder.”
The company is betting that when the smoke clears from the FTX pain, Silvergate will emerge not only little scathed, but potentially with its shares closely held, setting up potential for a swing higher in price again. On top of that, via Bloomberg, we saw late last month that Citadel has added 280,000 shares of the name and now holds 392k shares, or about 1.25% of the company.
However none of that matters right now, and instead shorts keep piling into SI stock, whose short interest is approaching a record 20% of the very illiquid float. That will likely continue until some catalyst short-circuits this feedback loop: it could include management giving a clear signal that the company is solvent (the CEO buying a substantial block of stock would certainly help), announces a sizable buyback, provides an early glimpse of its earnings and balance sheet, or unveils a deal with a strategic investor which locks up a sizable amount of the float, and potentially triggers a squeeze as signaled by the recent explosion in SI’s short interest.
ONSHORE YUAN: 71257
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/
end
CHINA?COVID
.E4.EUROPEAN AFFAIRS//UK AFFAIRS//
Clever country!! They figured it out
(zerohedge
Hungary Is Lone Veto Of EU’s €18BN Ukraine Aid Package As Rift Deepens
BY TYLER DURDEN
TUESDAY, DEC 06, 2022 – 05:10 PM
Viktor Orban’s Hungary has continued as a thorn in the side of European planners and policymakers, with the latest on Tuesday being a resounding veto on an 18-billion euro ($18.93bn) financial aid package for the Ukrainian government.
While the aid can still possibly and eventually reach Kiev, Hungary’s veto ensures a longer, drawn out and more complicated process if EU aid is to remain flowing – something which officials are still vowing to pursue.
Now a more technical solution will be sought, as Tuomas Saarenheimo, the chairman of the EU Council Economic and Financial Committee, described in Tuesday comments: “In the end, agreement was found on formulations that allow a flexible and quick way to deploy funds to Ukraine without fundamentally changing the way the EU manages its funds. I say agreement, but in the reality, that agreement was minus one.”
And so Budapest as the lone dissenter has deepened its rift with Brussels, following similar deep disagreements over sanctioning Russian energy, which Hungary is almost wholly dependent on…
Many nations see Orban’s tactics as a thinly veiled attempt to get the EU to release billions in regular funding and pandemic recovery cash that has been held up.
The EU’s 27 nations have until December 19 to make a decision, and EU leaders meet for a two-day summit next week, increasing the chances that the issues would still need to be grappled with later.
Some European officials are blasting Orban for holding the suffering Ukrainian people “hostage” with his resistance.
Daniel Freund, a member of the Green party and a parliamentary negotiator on the rule of law issue, was quoted in The Associated Press as follows: “Viktor Orban is abusing the veto like no one before him…. He even takes funds for Ukrainian hospitals hostage for this. He is escalating the situation completely.”
“The EU will find ways to support Ukraine even without Hungary. But that means: more time, more effort, more costs. Viktor Orban could not have given Putin a nicer present today,” Freund said, echoing prior charges that Orban is under ‘Kremlin influence’ – an accusation which was hurled even before Russia’s invasion.
Meanwhile the Financial Times is reporting Tuesday that the European Commission is mulling the imposition fresh sanctions on Russia’s mining sector, describing mining revenue as a key sector the Kremlin can tap into to keep funding the Ukraine war. Some specific products might be exempted, but it would bar all new investments in Russian mining.
5.//UKRAINE/RUSSIA
RUSSIA//UKRAINE
Russia will not be happy with this; a third airbase is set ablaze by a drone strike deep into its territory
(zerohedge)
Third Russian Airbase Set Ablaze By Drone Strike As Ukraine Extends War Across Border
TUESDAY, DEC 06, 2022 – 03:50 PM
Overnight into Tuesday a third airfield deep inside Russia came under attack, suffering a fire after an oil storage depot was bombarded by what the Kremlin described as a drone attack that was repelled after the initial blast. A large blaze raged throughout the night as emergency crews responded.
It came the day after two explosions rocked a pair of air bases even further inside Russian territory, which killed three military personnel in the Ryazan region, and Russian Engels-1 airbase in Saratov. Those incidents were also subsequently described by the defense ministry as the result of drone attacks.
The Russian city of Kursk, which lies closer to Ukraine than the other two sites of attack, had thick black smoke rising over its airfield in the early Tuesday hours. “Oil tankers at a base near the city of Kursk, around 60 miles from the border, were on fire and streaming smoke into the sky early Tuesday morning,” The Daily Mail writes based on regional sources.
International reports say the large Kursk fire has burned for some ten hours, given a large oil depot was ignited, following the attack:
The inferno covered almost 5,500 square feet and new teams of firefighters were being rushed to the scene, local media said.
Suspected Ukrainian drones also attacked the Belbek military airport in Sevastopol – but were downed by air defenses, say reports.
Increasingly it is looking like Ukraine has made the decision to try and hit much more aggressively inside Russian territory, whether utilizing drones or possibly the longer range missiles being provided by the West, marking a huge escalation.
“Drones were also targeted at a fuel store in Bryansk region, but failed to cause major damage, said Russian sources,” Daily Mail continues.
The Monday attacks had damaged “two nuclear-capable bombers that were thought to be preparing for an attack on Ukraine, killed three ground crew and injured two more.”
As for the fresh probable drone attack on the Kursk base, Britain’s ministry of defense said, “If Russia assesses the incidents were deliberate attacks, it will probably consider them as some of the most strategically significant failures of force protection since its invasion of Ukraine.”
The UK defense official was quoted further as saying, “The Russian chain of command will probably seek to identify and impose severe sanctions on Russian officers deemed responsible for allowing the incident.”
So it seems this is Ukraine’s response to the widespread aerial attacks on its national energy grid, namely to extend its counteroffensive toward conducting risky cross-border raids on major Russian bases.
This significance of this can’t be overestimated – it takes all sides into dangerous, new and unpredictable territory which makes eventual direct Russian-NATO confrontation all the more likely.
Ukraine’s Ukrenergo is meanwhile warning the population of more emergency power shutdowns to come across the country. “Due to the consequences of shelling… to maintain the balance between the production and consumption of electricity, a regime of emergency shutdowns will be introduced in all regions of Ukraine.
“In priority, electricity will be supplied to critical infrastructure facilities,” Ukrenergo said of the rationing measures on Telegram Monday, during the fresh wave of many dozens of Russian airstrikes.
The 400 mile distance of Engels airbase from the Ukrainian border raised eyebrows following Monday’s attack. It also hosts long-range nuclear-capable strategic bombers, some of which were likely damaged.
Russian defense minister Sergei Shoigu is at the same time vowing that Russia will not stop until the “military potential” of Ukraine is crushed, according to Interfax. Shoigu said in a defense ministry conference call, “The Russian Armed Forces are inflicting massive strikes with long-range precision weapons on the military command and control system, defense industry enterprises, and related facilities to crush Ukraine’s military potential.”
“The Russian armed forces continue to liberate the Donbas. Recently, Mayorsk, Pavlovka, Opytnoye, Andreevka, Belogorovka Yuzhnaya and Kurdyumovka have come under our control,” he added.
Independent journalist Michael Tracey summarizes the game-changing nature of the events of the last 24 hours as follows, and the significance of Washington clearly encouraging it, or at least not pressing Ukraine’s forces to put on the brakes as far as the fresh cross-border attacks…
“So the US is engineering the war effort of a client state now bombing targets 400 miles inside Russia — confirmed via the usual tactic of oblique, cheeky acknowledgment from top Ukraine officials. Definitionally an “escalation” — this is what the US has signed onto indefinitely.”
6. GLOBAL ISSUES//COVID ISSUES//VACCINE ISSUES.
Vaccine//Covid issues: Injuries
Special thanks to Chris Powell for providing this for us;
Trading COVID for Heart Disease Buys You Both
Dec 1 2022
(Explode/Shutterstock)
The COVID vaccines are alarmingly and irredeemably unsafe, as well as ineffective for the advertised purposes. Here is the proof.
It is increasingly recognized by physicians, scientists and laypeople throughout the world that the COVID-19 vaccines are neither safe nor effective nor reversible, and I will provide the proof in this paper. Adults, youth, parents, scientists and especially healthcare workers, first responders and other frontline workers are aware, in ever greater numbers, that the vaccines were authorized by the FDA under “emergency use authorization,” but that there has obviously been no emergency that warrants their use, and I say that for the following reason.
US mortality data at the end of 2020 did not support the allegation of a pandemic, because there was no more of an outlying peak in excess deaths in 2020 than other peaks throughout the past two decades. The CDC shows that 3,382,000 people died from all causes in the US in 2020, [1] remaining at about one percent of the total population, as in each of the previous three years, in which there was no pandemic. Notably, December 2020 had by far the highest deaths of any month in 2020 in the US, 32% higher than the average of the previous 11 months of what had been advertised to be the worst pandemic in a century, but in fact had no more than typical numbers of deaths in the US during that alleged pandemic. December 2020 was also the month that the vaccines became available to the public. The last two weeks of 2020 and early 2021 has shown striking excess deaths, and the COVID vaccine was the new factor, beginning the same week as excess deaths. Furthermore, January to November 2020 show an average of 274,000 deaths in the US per month, but since December 2020, according to the same CDC tables of data, the average deaths per month has jumped to 292,000. I will show in this paper that this increase in deaths in the US is most likely due to the new COVID vaccines that became available in December 2020, the same months deaths in the US significantly increased.
The Pfizer COVID vaccines first became available for mass vaccination in the US on December 14, 2020, followed by the Moderna vaccine a few days later. The Johnson and Johnson vaccine would not become available till February 27, 2021. As soon as the earlier vaccines became distributed en masse, the total number of deaths per week for the rest of 2020 from all causes in the US jumped from over 63,340 to over 84,896 which is a 34% increase, unlikely to be attributable to any other cause but the vaccines.
It can be seen from the CDC data, that the deaths per week in the US in each of the first seven weeks following the Pfizer and Moderna rollout all exceeded even the deadliest weeks of 2020 (the two weeks ending April 11 and April 18 of 2020).[2] This should be enough to make anyone hesitant about the vaccines, and logically, more fearful of the vaccines than of COVID. In this paper, I will share more published data and the latest scientific understanding of why the COVID vaccines are alarmingly and irredeemably unsafe, as well as ineffective for the advertised purposes of reducing COVID transmission, incidence, morbidity or mortality, with the understanding that the advertised purposes and media publicity surrounding the vaccines have changed for each of those four aforementioned goals during the time of their availability, and even with accelerating reversal.
The COVID Vaccines Have Negative Efficacy, and What That Means
The COVID vaccines are so ineffective against COVID that they have negative efficacy. I will explain what that is. Negative efficacy means that you have a greater likelihood of infection and / or hospitalization from COVID after having received the vaccine than not receiving it. The COVID vaccines have not only failed to reduce cases and hospitalizations from Omicron and COVID generally, but they have actually increased the incidence of both. Results of negative efficacy of the COVID vaccines are seen all over the world. Here is data to prove that:
Analysis of data from 145 countries shows that the COVID vaccines cause more COVID cases per million and more COVID-associated deaths per million over the vast international scope of this study.[3] The study found “a marked increase in both COVID-19 related cases and death due directly to a vaccine deployment . . . “ The results in the US were 38% more cases per million [4] and 31% more deaths per million [5] caused by the COVID vaccines.
In order to comprehend this vast worldwide destructive effect of the COVID vaccines, let’s now look at analyses of this phenomenon of negative efficacy of the vaccines in specific countries.
This recent Danish study[6] showed that both Pfizer and Moderna COVID vaccines show negative efficacy against the Omicron variant within only 90 days of administration, and that that decline in efficacy is even faster for Omicron than for the Delta variant, which is no longer the predominant variant in the world at present. This sharp decline is illustrated in the following graph.
The above graph shows that both of the mRNA COVID vaccines predispose toward increased risk, due to negative efficacy, for Omicron.
89.7% of people infected with Omicron in Denmark are either “fully vaccinated” or had their first booster. 77.9% of the Danish population is fully vaccinated.[7] Therefore, the vaccinated are more predisposed to Omicron infection than the unvaccinated in Denmark.
In Delhi, India, of 34 Omicron cases at a hospital, 33 are fully vaccinated (97%). However, India’s COVID vaccination rate is only 40%.[8]
Data from the UK government, Office for National Statistics, shows that each successive vaccine dose has increased the likelihood of testing positive for the Omicron variant, in a stunning display of negative vaccine efficacy.[9] Please note the “Estimated likelihood . . .” column, comparing each of the four categories of vaccination status.
The COVID vaccines do not work against the Delta strain either. In July 2021, in the United States, in Massachusetts, at a time and place that Delta was predominant, of a total of 469 new COVID cases, 346 of those (74%) were in people who were partially or fully vaccinated, and 274 of the vaccinated were symptomatic.[10]
Some of the most damning evidence for negative efficacy of the COVID vaccines comes from the 4,020 vaccinated cases of Omicron in Germany on December 31, 2021. Of those, 1,137 were boosted. There were only 1097 unvaccinated Omicron cases [11][12][13] However, there are similar numbers of people in the three categories of “boosted,” “fully vaccinated” and “unvaccinated” in Germany as of 12/31/21.
As we can see, the unvaccinated have a strong advantage against Omicron, which is the prevalent COVID strain throughout the world now.
If the COVID vaccines merely predisposed one to higher risk of the common cold now known as the Omicron variant (because that is what we are calling the common cold these days, with indistinguishable signs and symptoms), then we might simply laugh off these vaccines as a frivolous and superstitious activity. However, the safety data are nothing less than horrifying.
As of this time, no children have died in the United States with a COVID diagnosis except for those having terminal leukemia and other advanced cancers and grave terminal illnesses. It has been calculated that seasonal flu, lightning and being a passenger in a motor vehicle are all more life-threatening to children and adolescents than any of the COVID variants.
The COVID Vaccines Are Not Safe
The decision to vaccinate and its impacts are irreversible. There is now considerable evidence of harm and deaths caused by the COVID vaccines. The COVID vaccines are known to be hazardous, because of the over 1,500 types of adverse reactions, many of them known to be permanently disabling, as documented in court-ordered FDA document release on the adverse events observed after administration of the Pfizer vaccine in the clinical trials.[14][15][16] The clinical trials of the Pfizer vaccine showed tremendously concerning data, which was not initially shared with the general public, and has had to be extracted by court order and numerous FOIA requests. This document summarizes the problems with the trial, and the vaccine hazards that became apparent from the trial.[17]
The Vaccine Adverse Events Reporting Service (VAERS) was established by the US Department of Health and Human Services (HHS), to track vaccine related injuries and deaths. It is the only central database for vaccine injuries and deaths in the US for healthcare providers to record such events. More deaths and injuries have now been reported on VAERS following the COVID vaccines in just one year of use than for all other vaccines combined over the last 30 years of reporting.[18][19]
Independent data analysts have determined, using nine different types of analysis, that the number of Americans that have been killed by the COVID vaccines now likely numbers approximately 388,000, but is at least 150,000.[20][21] This number is consistent with the increase in weekly deaths reported by the CDC in the first seven weeks of vaccine availability. There was an average of 84,896 all-cause deaths in the US per week in those first horrific seven weeks of vaccine rollout, as referenced in the first page of this report. Whereas there were only 63,340 all-cause deaths in the US per week throughout 2020 (during allegedly the worst pandemic in a century) prior to vaccine rollout, there was an average of 84,896 deaths during those seven weeks post-rollout. This is an estimated excess of 150,885 Americans killed during those seven weeks beginning with the Pfizer rollout. (For perspective, the swine flu vaccine was pulled off the US market in 1976 after only 25 deaths.)
World renown microbiologist Sucharit Bhakdi shows that 93% of people who died after the COVID vaccine were killed by the vaccine, and that the pathology of those autopsied showed life-threatening effects throughout the body.[22]
The preponderance of evidence so far is that the principal mechanism of damage to various bodily organs is by means of micro-clotting, due to disruption of normally smooth, laminar, unimpeded liquid blood flow through the circulatory system, now cluttered with jutting spike proteins from the endothelium into the lumen of capillaries, where a now overburdened heart must push – no longer smooth liquid blood – but now turbulent, and then micro-clotted and somewhat jellied blood through where liquid blood used to flow easily, freely and without obstruction. Endnotes 29 and 30 explain this further.
In summary, I agree with the World Health Organization Director General Tedros Adhanom Ghebreyesus that boosters should not be used to kill children.[23] Why would he suggest that the vaccines are being used to kill children, when enthusiastic adults want to give the COVID vaccines to their children? Perhaps his warning has to do with these concerns from the Canadian COVID Care Alliance:
“Recent studies [24][25][26] suggest that the spike protein produced in response to vaccination, may bind and interact with various cells throughout the body, via their ACE2 receptors, potentially resulting in damage to various tissues and organs. This risk, no matter how theoretical, must be investigated prior to the vaccination of children and adolescents.”
The Canadian COVID Care Alliance calls on the Canadian government “to immediately halt the mass vaccination program of children and adolescents until such time as studies are conducted and the uncertainties about the potential pathogenicity of the spike protein can be addressed.” Here is their letter, signed by 21 scientists, to Ontario Premier Ford regarding the same.[27] I agree with this, and I urge governments and health care leaders and providers and independently thinking citizens to take the precautionary principle with regard to human health. It would be reckless to vaccinate either children or adults, given the abundant and growing evidence that we have seen of the dangers and negative efficacy of the COVID vaccines.
It is important to keep in mind that those of us who have been warning about the lethal nature of the COVID vaccines – and I have been warning the public against them since February 2021[28] – expect that most of the deaths to be caused by the vaccines have not yet happened, as these vaccines cause slow cumulative damage to especially the heart, [29][30] the brain [31] and the liver.[32] The COVID vaccines are highly concerning for subsequent development of cancer, because of the abundant spike proteins produced by the vaccines, and their observed role in inhibiting DNA damage repair.[33] This means that although the COVID vaccines have already been disastrous in terms of lives lost, the larger vaccine catastrophe is likely yet to arrive, even if no more injections are given.
Reposted from the author’s Substack
References
[1] US Centers for Disease Control and Prevention. National Vital Statistics System. State and national provisional counts. Monthly and 12-month ending number of live births, deaths and infant deaths: United States. https://www.cdc.gov/nchs/nvss/vsrr/provisional-tables.htmend
PAUL ALEXANDER
BREAKING: Pfizer seeks to kill US kids: Pfizer and BioNTech Submit Application to U.S. FDA for Emergency Use Authorization of Omicron BA.4/BA.5-Adapted Bivalent COVID-19 Vaccine in children under 5
Why? Show me, show us ANY evidence you have that this gene injection is needed in statistical zero risk children, with a vaccine that is non-neutralizing and drives variants, and is harmful. Why?
| DR. PAUL ALEXANDERDEC 5 |
Parents who give their healthy child this gene injection will be reckless and placing their child’s life at risk. Especially if their innate immune system is subverted from the training it needs at the critical window when the child is so young.
Ioannidis recently updated his analysis to show persons 0-19 years old have a 0.0003% risk of death. For kids 0-10 years old the risk of severe outcome and death from COVID infection is basically zero.
end
Dr. Naomi Wolf will go down historically as a true hero in this COVID lockdown & gene injection vaccine madness for women & all of humanity, our kids, babies in utero; her fiery powerful YALE speech
Wolf issues a clarion call at YALE against the forced vaccine mandate to the students; Wolf joined United For Student Choice rally at Yale on December 2nd. The rally was organized to stop the mandate
| DR. PAUL ALEXANDERDEC 5 |
Listen to the fiery Wolf speech.
SOURCE:
https://ussanews.com/2022/12/05/stop-yale-covid-19-vaccine-mandate-dr-naomi-wolf-12-2-22/COVID vaccine bioweapon unleashed on the US population (& globe): why would I conclude this? You think about it, it is rolled out i) during pandemic so will fail with variants ii)uses a lethal spike
Imagine if you will, a more perfect bioweapon to slow-kill a population; you can’t! A vaccine rolled-out while virus circulates will drive variants & uses a target antigen spike that is lethal
| DR. PAUL ALEXANDERDEC 5 |
Imagine that, they used the very same part of the virus that causes end-stage lethal COVID (raving the vessel vasculature across the entire body) as the target antigen for the vaccinal antibodies and they rolled it out constantly when there is circulating virus. Natural selection pressure will function to drive infectious variants repeatedly. You are loading your weapon (vaccinal antibodies) as the enemy (the virus) is on the battle field. How can you defeat the enemy then? You cannot. Your battle will be hobbled and sub-optimal.
This gene injection vaccine was designed to fail and to keep the pandemic ongoing for 100 years and to slow kill the population. I have not even gotten into the minutia in this ‘slow-kill’ weapon yet. But think of what I am saying. This IMO was a deliberate slow-kill using a bioweapon designed as a vaccine to help you when it did not, can not, and WILL not ever work. You see that now, you need a 5th shot, you are on the booster treadmill you can never get off of. They have taken you to vaccine negative effectiveness and soon you will need a vaccine IV booster bag 24/7. Sit back, you shall see.
VACCINE IMPACT//
Recent Studies Suggest COVID-19 Vaccinated People are Infecting Unvaccinated People
December 5, 2022 7:12 pm
Ever since the roll out of the experimental COVID-19 “vaccines” there has been abundant anecdotal evidence of “vaccine shedding,” where individuals who received one of the experimental mRNA injections were somehow also infecting those around them, even those who were unvaccinated. Now there are some published studies that explain how the mechanism of this “shedding” might be happening, as well as evidence from Pfizer themselves according to their internal documents that they have been forced to release to the public. I have suspected for quite some time now that the COVID vaccinated were infecting the unvaccinated, as I believe this has even happened to me. The main thing to understand, however, is that we are not defenseless and helpless if we are infected by those who are vaccinated. After all, this has probably been happening for decades already, long before the mRNA “vaccines” were introduced. “Pertussis,” or “whooping cough”, is a good example where this has been happening for years, and the unvaccinated always get blamed whenever there is an outbreak somewhere. Fear is your worst enemy when it comes to the COVID vaccines, because the predominate belief in the Alternative Media is that being infected with “spike proteins” or “mRNA” is a death sentence, and that is just totally false. Much of this fear is based on an incorrect understanding of “genetics” and the fact that these shots are not true “vaccines” according to the historical definition of vaccines, but are gene therapy products. But the fact is that your “genetic code” is not something written in stone that can never be changed, but is something that you are changing every day you are alive, and have been since the day you were born. The field of “epigenetics” has brought this to light in recent years. So if you are being negatively affected by these “gene therapy” shots, then just start affecting your genes in a positive way and change it back!
.VACCINE INJURIES
International Blood Bank for the Unvaccinated has been Formed with Members from at Least 16 countries – Demand for “Pure Blood” Skyrockets
| Robert Hryniak | 12:30 AM (8 hours ago) |  | |
| to |
No surprise as fear real or imagined occurs. In way it is another division of society to create tensions and discrimination.
Decades ago i recall the same thing being said about blood from non whites.
end
SLAY NEWS
| The latest reports from Slay NewsRenowned Oncologist Warns of Cancers Rapidly Progressing in ‘Boosted’ PeopleA world-renowned oncologist has issued a warning that cancers and other serious diseases are rapidly progressing in patients that have been “boosted.” |
MICHAEL EVERY/RABOBANK
Michael Every on the day’s most important events:
END
7.OIL ISSUES/USA AND THE WORLD/NATURAL GAS/DIESEL ETC
Supply Disruption From Russia Price Cap Is Here: Tanker Jam Forms Off Turkey
TUESDAY, DEC 06, 2022 – 01:55 PM
The EU and G7 price cap on Russian oil went into effect on Monday, but it’s already causing disruptions in global supply chains. The first manifestation comes from Turkey, where the Financial Times reports that a tanker traffic jam is stacking up in Turkish waters and blocking some 18 million barrels of oil from passage, as the country’s authorities demand proof that the vessels have insurance coverage:
“Around 19 crude oil tankers were waiting to cross Turkish waters on Monday, according to ship brokers, oil traders and satellite tracking services. The vessels had dropped anchor near the Bosphorus and Dardanelles, the two straits linking Russia’s Black Sea ports to international markets.”
Here are some of the vessels in queue off Turkey.
In a striking demonstration of the price cap’s potential to disrupt markets, most of the oil in the delayed ships isn’t even subject to the sanction regime: It’s from Kazakhstan and has merely transited Russian ports after arriving there via pipeline.
One oil industry insider said Russian shippers have transited with relative ease — it’s shippers covered by western insurers that are anchored and now destined to deliver their cargo late.
Last week, the G-7 (Canada, France, Germany, Italy, Japan, the UK, and the US) and the EU agreed to cap the price of Russian crude oil at $60 a barrel. The idea is to keep some Russian oil flowing while reducing Russia’s profit potential.
However, the cap “does not hurt Russia at all,” according to economist and fund manager Daniel Lacalle. “The agreed cap, at $60 a barrel, is higher than the current Urals price [and] above the five-year average of the quoted price.”
The cap is imposed by barring Western businesses from insuring, financing or shipping Russian oil unless the price is at or under the cap. The insurance aspect is particularly meddlesome, as maritime insurance is dominated by western firms, most notably Lloyd’s of London.
According to the International Group of P&I Clubs, which represents 13 insurers covering some 90% of the world’s shipping, Turkey’s request to tankers goes “well beyond” the standard information requested.
Per the Times, “It was not possible for P&I providers to guarantee cover even in the case of a sanctions breach, the group said in a statement by one of its members.” The group’s CEO, Nick Shaw, told the Times that his organization was in “ongoing constructive discussions with the relevant authorities to try and resolve the situation.”
A US Treasury official said the American government is “aware of how the government of Turkey’s new policy could complicate ships’ movement through the Turkish straits” and raised “concerns,” as UK officials did.
As we explained Saturday, Russia has been quietly amassing a “shadow fleet” of tankers to sidestep Western targeting of its exports.
end
Russia Unveils Oil Price-Floor Plan To Counter G-7 Cap
TUESDAY, DEC 06, 2022 – 05:45 PM
Having already threatened to stop crude supplies to any client that adheres to the price cap that G-7 nations set out last week (and is ready to cut its oil production temporarily), Bloomberg reports that, according to two officials familiar with the plan, Russia is considering setting a price floor for its international oil sales.
One approach discussed envisions setting a maximum discount of Russian oil to global benchmarks, which the nation’s crude producers will not be allowed to exceed when offering their barrels to clients (unclear if these clients include China and India).
Another possibility is the imposition of fixed price for the nation’s barrels.
As Bloomberg notes, there’s no visibility yet about what the precise level might be, and if it materializes traders will be focused on whether it’s above the cap level, or comfortably below. The level would be important because companies who want to access industry standard insurance and other key Group of Seven services can only do so if they pay $60 a barrel or less. Greek oil tankers would also be off limits for above-cap cargo purchases.
WTI is modestly ‘off the lows’ this morning after the Russia headlines…
Russia aims to offer a transparent pricing mechanism to buyers of its crude, adhering to a market-based approach to counteract the cap, one of the officials said, adding that The Kremlin doesn’t want to antagonize neutral states that buy its crude by putting any pressure on them through non-market steps.
Deputy Prime Minister Alexander Novak said Tuesday that any anti-cap tool that Russia uses will be adopted by year-end, suggesting there is no rush to respond.
Euro/USA 1.0382 UP 0.0021 /EUROPE BOURSES // ALL GREEN
8. EMERGING MARKETS
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
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The USA/Yuan, CNY: closed ON SHORE (CLOSED ..UP) AT 7.1198
THE USA/YUAN OFFSHORE: (YUAN CLOSED (UP)…. 7.1240
TURKISH LIRA: 18.62 EXTREMELY DANGEROUS LEVEL/DEATH WISH/HYPERINFLATION TO BEGIN.
the 10 yr Japanese bond yield at +0.243
Your closing 10 yr US bond yield UP 4 IN basis points from 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
EARLY MORNING TRADING
end
EARLY AFTERNOON TRADING
Dow, S&P Plunge Erases All Post-Powell Gains
TUESDAY, DEC 06, 2022 – 05:47 PM
All of the US majors are in the red today led by the Nasdaq puking, hurt by Meta’s slide…
The Dow and the S&P 500 have joined the Russell 2000 in the red, erasing all of the massive gains from the post-Powell ‘dovish’ reaction in stocks…
The S&P 500 is tumbling back towards the 100DMA…
Rate-hike expectations remain modestly lower than before Powell spoke and rate-cut expectations modestly more dovish still than before the market perceived his comments as not-hawkish…
The dollar remains weaker post-Powell…
And bond yields are lower…
So much for the Santa Clause rally?
ii) USA DATA
This is a huge minus to GDP calculations
(zerohedge)
US Trade Deficit Widens In October As Exports Tumbled
TUESDAY, DEC 06, 2022 – 03:40 PM
The US trade balance increased to a $78.2 billion deficit in October (from $74.1 billion in Sept). That was slightly less than the $80.0 billion expected but is still the biggest deficit since June.
The value of imports increased and exports declined, which may weigh on economic growth in the fourth quarter.
- Imports rose 0.6% in Oct. to $334.79b from $332.64b in Sept.
- Exports fell 0.7% in Oct. to $256.63b from $258.51b in Sept.
Services trade balance rose to a $21.4 billion surplus – the most since Dec 2021…
Under the hood, the US exported $2.259 billion more petroleum products than it imported in October, just shy of September’s record high…
We look forward to the Atlanta Fed’s GDPNOW model’s adjustment to this weaker trade balance data… which appears to line up with the dismal ISM/PMI data..
III) USA ECONOMIC STORIES.
More layoff announcements; this time Pepsi. shows how bad the economy really is
(zerohedge)
PepsiCo To Lay Off Hundreds After Price-Hikes As Consumer ‘Strength’ Questioned
TUESDAY, DEC 06, 2022 – 12:20 AM
Up until now, the majority of layoffs have been focused in technology firms and banks, as talking heads proclaim ‘the consumer is still strong’.
However, tonight’s news that no lesser staple than PepsiCo is to announce a major belt-tightening suggests the pain is spreading much more broadly across the US economy.
The Wall Street Journal reports, according to people familiar with the matter and documents reviewed, that the giant firm will be cutting hundreds of jobs at its North American snack and beverage headquarters.
As of Dec. 25 last year, PepsiCo employed about 309,000 people worldwide, including about 129,000 people in the U.S.
In a memo sent to staff that was viewed by the Journal, PepsiCo told employees that the layoffs were intended “to simplify the organization so we can operate more efficiently.”
Of course, it’s anyone’s guess when these layoffs appear in the official jobs data…
This decision comes just a few week after the company announced it had raised prices on its snacks and drinks by 17% on average from last year.
“The consumer has very much stuck with our products,” said Hugh Johnston, PepsiCo’s finance chief, in an interview.
“In a world where there are many struggles and stresses, we are kind of an affordable luxury.”
…
“There may be a point when the revenue growth slows down,” Mr. Johnston said. He added: “We just have to be prepared for it.”
Do the layoffs mean that the consumer is cutting back further? Or have margins been crushed even more by inflation?
Are Doritos now out of reach for the average joe?end
USA ECONOMIC ISSUES// SUPPLY ISSUES
SWAMP STORIES
FBI Held “Weekly Meetings” With Big Tech Ahead Of 2020 Election, “Sent Lists Of URLs And Accounts” To Be Censored
TUESDAY, DEC 06, 2022 – 01:20 AM
Authored by Chris Menahan via InformationLiberation.com,
The FBI held “weekly meetings” with social media giants ahead of the 2020 election and sent in “lists of URLs and accounts” for them to take down in the name of fighting “foreign influence operations,” an FBI agent revealed Tuesday while under oath.
This is what real “election interference” looks like.
From Fox News:
On Tuesday, lawyers from the offices of Attorneys General Eric Schmitt of Missouri and Jeff Landry of Louisiana deposed FBI Supervisory Special Agent Elvis Chan as part of their lawsuit against the Biden administration. That suit accuses high-ranking government officials of working with giant social media companies “under the guise of combating misinformation” to achieve greater censorship.
Chan, who serves in the FBI’s San Francisco bureau, was questioned under oath by court order about his alleged “critical role” in “coordinating with social-media platforms relating to censorship and suppression of speech on their platforms.”
During the deposition, Chan said that he, along with the FBI’s Foreign Influence Task Force and senior Cybersecurity and Infrastructure Security Agency officials, had weekly meetings with major social media companies to warn against Russian disinformation attempts ahead of the 2020 election, according to a source in the Missouri attorney general’s office.
Those meetings were initially quarterly, then monthly, then weekly heading into the presidential election between former President Donald Trump and now President Biden. According to a source, Chan testified that in those multiple, separate meetings, the FBI warned the social media companies that there could be potentially Russian “hack and dump” or “hack and leak” operations.
In their complaint, the GOP AGs noted an Aug. 26 podcast episode of “The Joe Rogan Experience,” in which Meta CEO Mark Zuckerberg stated that “the FBI basically came to us” and told Facebook to be “on high alert” relating to “a lot of Russian propaganda.” Zuckerberg added that the FBI said “there’s about to be some kind of dump… that’s similar to that, so just be vigilant.”
[…]
“Since filing our lawsuit, we’ve uncovered troves of discovery that show a massive ‘censorship enterprise,'” Attorney General Eric Schmitt told Fox News Digital. “Now, we’re deposing top government officials, and we’re one of the first to get a look under the hood — the information we’ve uncovered through those depositions has been shocking to say the least. It’s clear from Tuesday’s deposition that the FBI has an extremely close role in working to censor freedom of speech.”
Elon Musk released internal documents from Twitter last week showing the “Biden team” sent in requests for URLs to be taken down ahead of the election.
As we saw with Zuckerberg’s comments on Rogan, the FBI’s “warnings” were a way to pressure Big Tech to censor content the regime viewed negatively.
The FBI not only directed the censorship of the internet ahead of the 2020 election but also manufactured a fake terror plot in the swing state of Michigan to hype the phony threat of “right-wing extremism.”
end
Contradictions, Lies, And “I Don’t Recalls”: The Fauci Deposition
TUESDAY, DEC 06, 2022 – 04:40 AM
Authored by Techno Fog via The Reactionary,
Today, Missouri Attoney General Eric Schmitt released the transcript of the testimony of Dr. Anthony Fauci. As you might recall, Fauci was deposed as part of an ongoing federal lawsuit challenging the Biden Administration’s violations of the First Amendment in targeting and suppressing the speech of Americans who challenged the government’s narrative on COVID-19.
Here is the Fauci deposition transcript.
And here are the highlights…
EcoHealth Alliance – the Peter Daszak group – is knee-deep in the Wuhan controversy, having been funded by the Fauci’s NIH for coronavirus and gain of function research in China (and having worked with the Chinese team in Wuhan). What does Fauci say about EcoHealth Alliance? Over two years after the COVID-19 pandemic began, and after millions dead worldwide, he’s “vaguely familiar” with their work.
In early 2020, Fauci was put on notice that his group – NIAID – had funded EcoHealth alliance on bat coronavirus research for the past five years.
This coincided with early reports – directly to Fauci, from Jeremy Ferrar and Christian Anderson – “of the possibility of there being a manipulation of the virus” based on the fact that “it was an unusual virus.”
Fauci conceded that he was specifically made aware by Anderson that “the unusual features of the virus” make it look “potentially engineered.”
Fauci couldn’t recall why he sent an article discussing gain of function research in China to his deputy, Hugh Auchincloss, telling him it was essential that they speak on the phone. He couldn’t recall speaking with Auchincloss via phone that day. But remarkably, Fauci did remember assigning research tasks to Auchincloss
Fauci was evasive on conversations with Francis Collins about whether NIAID may have funded coronavirus-related research in China, eventually stating “I don’t recall.”
The phrase “I don’t recall” was prominent in Fauci’s deposition. He said it a total of 174 times:
For example, Fauci couldn’t remember what anyone said on a call discussing whether the virus originated in a lab:
During that same call, Fauci couldn’t recall whether anyone expressed concern that the lab leak “might discredit scientific funding projects.” He also couldn’t recall whether there was a discussion about a lab leak distracting from the virus response. Fauci did remember, however, that they agreed there needed to be more time to investigate the virus origins – including the lab leak theory.
What else couldn’t Fauci remember? Whether, early into the pandemic, his confidants raised concerns about social media posts about the origins of COVID-19.
Yet Fauci did admit he was concerned about social media posts blaming China for the pandemic. He even admitted the accidental lab leak “certainly is a possibility,” contradicting his prior claims to National Geographic where he said the virus “could not have been artificially or deliberately manipulated.”
Fauci also couldn’t recall whether he had any conversations with Daszak about the origins of COVID-19 in February 2020, but admitted those conversations might have happened: “I told you before that I did not remember any direct conversations with him about the origin, and I said I very well might have had conversations but I don’t specifically remember conversations.” And he couldn’t recall telling the media early on during the pandemic that the virus was consistent with a jump “from an animal to a human.”
Fauci said he was in the dark on social media actions to curb speech and suspend accounts that posted COVID-19 information that didn’t fit the mainstream narrative: “I’m not aware of suppression of speech on social media.” Yet it was Fauci’s proclamations of the truth, whether about the origins of COVID-19 to the effectiveness of hydroxychloroquine, that led to social media companies banning discussions of contrary information.
Regarding those removals of content, Fauci had no personal knowledge of a US Government/Social Media effort to curb “misinformation.” But he conceded the possibility numerous times.
Then there’s the issue of masks. In February 2020, Fauci informed an acquaintance that was traveling: “I do not recommend that you wear a mask.” Fauci would later become a vocal proponent of masks only two months later.
I’m near my Substack length limit – posting the excerpts does that – but you can see from Fauci’s testimony that his public statements about COVID-19 origins and the necessity to wear a mask didn’t match his private conversations. This has been known for some time, but it’s finally nice to get him on record.
Again, read it all and subscribe here.
end
KING REPORT
| he King Report December 6, 2022 Issue 6901 | Independent View of the News |
| Yesterday, the Hang Seng Index jumped 3.3% on the open because China eased more Covid rules. China’s Covid Shift Expands as Shanghai, Hangzhou Ease RulesZhengzhou, home to IPhone manufacturing, scraps most testingChinese authorities accelerated a shift toward reopening the economy, with Shanghai and Hangzhou easing some Covid restrictions after protests against the nation’s stringent policies last week. The financial hub of Shanghai, which saw a grueling two-month lockdown earlier in the year, will scrap PCR testing requirements to enter outdoor public venues such as parks as well as ride public transit effective Monday, city authorities said in a statement Sunday. Measures will “continue to be optimized and adjusted” in line with national policy and the situation… https://www.bloomberg.com/news/articles/2022-12-04/more-china-cities-ease-curbs-in-expansion-of-covid-policy-shift Offshore Yuan Climbs Past Key Level on China Reopening Shift The offshore yuan strengthened through the closely watched 7-per-dollar level for the first time since September, as Chinese authorities accelerated a shift toward reopening the economy. The currency advanced 0.5% to 6.9859 per dollar, the highest since Sept. 15. Financial hub Shanghai and neighboring Hangzhou eased some Covid restrictions after protests against the nation’s stringent policies last week. https://www.yahoo.com/now/offshore-yuan-rises-past-7-003031078.html The Fed is in a blackout period. Some pundits believe that someone in the Fed whispered to the WSJ’s Nick Timiraos to reiterate Fed talking points that rates hikes would be lower but go higher for longer. Though this is NOTHING NEW, algos and the usual suspects sold stuff on Monday. Nick: Fed Could Pencil in Higher Interest Rates Next Year While Slowing Rises in December Brisk wage growth could lead officials to consider raising their policy rate above 5% in 2023 to fight inflation – Federal Reserve officials have signaled plans to raise their benchmark interest rate by 0.5 percentage point at their meeting next week, but elevated wage pressures could lead them to continue lifting it to higher levels than investors currently expect… Officials could signal a slightly more aggressive rate outlook in their new quarterly economic projections to be released after the coming meeting. Those could show that policy makers expect to keep raising rates in at least quarter-point increments until they see clear signs that the labor market has cooled… The labor market remains a source of concern because officials are worried that rising prices could be sustained by continued income growth and strong demand for workers… Fed officials’ recent comments suggest “they now understand they have got to get a…significant rise in unemployment to make sure wages aren’t an inflation problem,” said Ethan Harris… Officials are speaking subtly about those objectives, Mr. Harris said, because “the Fed doesn’t want to come out and say, ‘We let things run too hot, and now we’re going to fix it.’” https://www.wsj.com/articles/fed-could-pencil-in-higher-interest-rates-next-year-while-slowing-hikes-in-december-11670208857 To reiterate for the umpteenth time: Fed officials have stridently proclaimed for months that the Fed would slow rate hikes, but rate hikes would last longer and go higher than originally forecast. Incredulously, dopey traders heed Fed Whisper Nick but Fed officials’ same words are ignored or spun as ‘the Fed will soon pivot.’ Yes, Virginia, it really is that stupid! Dow Shines as Higher Rates Squeeze Nasdaq’s Tech Stocks The blue-chip average is outpacing the S&P 500 this year by the widest margin since 1933 The Dow Jones Industrial Average is down 5.3% this year, which isn’t normally a cause for celebration. But that performance looks downright golden compared with the broad S&P 500, which is off 15%, and the tech-heavy Nasdaq Composite, which has dropped 27%… https://www.wsj.com/articles/dow-shines-as-higher-rates-squeeze-nasdaqs-tech-stocks-11670099206 BIS warns of $80 trillion of hidden FX swap debt The Bank for International Settlements (BIS) has warned that pension funds and other ‘non-bank’ financial firms now have more than $80 trillion of hidden, off-balance sheet dollar debt in the form of FX swaps… FX swap markets, where for example a Dutch pension fund or Japanese insurer borrows dollars and lends euro or yen in the “spot leg” before later repaying them, have a history of problems… https://www.reuters.com/article/global-markets-bis-idUSL8N32S4C3 Tesla cuts output plan for Shanghai plant for Dec -sources Late on Monday, the Tesla representative replied “false news,” without elaborating. The spokesman did not reply to Reuters questions about whether Tesla was denying any output reduction would take place or whether the move was linked to weaker demand…. https://www.reuters.com/business/autos-transportation/tesla-cuts-dec-model-y-output-shanghai-plant-by-over-20-versus-nov-sources-2022-12-05/ ESZs traded modestly lower during Asian trading on Monday in listless action. In fact, ESZs traded within a ten-handle range from the Asian open until they broke modestly lower after China closed. ESZs and European stocks traded just like Asia. They opened modestly lower and then went inert. ESZs traded within an 11-handle range from the European open until they broke lower at 7:25 ET. After an 11-point ESZ spike from 9:31 ET to 9:23 ET (conditioned and “stupid money” buying), ESZs tumbled 33 handles by 10:00 ET on Fed Whisperer Nick’s column. But euphoria is hard to kill, so the usual suspects poured into ESZs and stocks because they have been conditioned, over many years, to buy early dips. ESZs jumped 23 handles by 11:09 ET. This was second instance of stupid money buying within 90 minutes. ESZs and stocks then commenced the real decline. ESZs hit a bottom of 3987.25 (4075.75 top) at 14:46 ET. The pre-last hour rally commenced right on time! Patterns have become more ingrained and self-fulling. No matter what negative was in the market, algos and traders were going to play for the pre-last hour rally. ESZs rallied 14 handles by 15:37 ET. They then rolled over and traded sideways until someone pushed them modestly higher near the close. USZs once again traded like ESZs. But USZs turned positive at 5 ET. They waffled between small gains and losses until they broke down at 8:42 ET. Bonds bottomed (128 12/32 -1 13/32) earlier, at 10:30 ET. After a 27/32 spike higher, USZs rolled over at 11:09 ET. They then traded sideways with a negative bias until the close. Once again, bonds were largely inert after Europe closed. Positive aspects of previous session The stupidity of manic buying on Fed talking points that are passé because clearer Negative aspects of previous session Stocks and bonds got hammered Ambiguous aspects of previous session What will the usual suspects use now to ignite bullish urges for equities? First Hour/Last Hour Action [S&P 500 Index]: 1st Hour from NYSE open: Down; Last Hour: Up Pivot Point for S&P 500 Index [above/below indicates daily trend to traders]: 4011.93 Previous session High/Low: 4052.45; 3984.49 WSJ: PepsiCo to Cut Hundreds of Jobs in North America Today – After ugly Mondays, many equity traders play for Turnaround Tuesdays to the upside. Equity trading today could be very important. If equities decline decisively today, fear will mount that the robust rallies in stocks and bonds were fools’ gold and manic short covering. Astute traders realize that the S&P 500 Index closed modestly above its 200-day moving average on Wednesday, Thursday, and Friday but tumbled back below it yesterday. Another significant decline will induce fear that the 2022 rebound rally is over. The impetus for the rally was: The Fed will lower rate hikes, which was universally known for at least two months. It was also widely known due to Fed officials’ incessant proclamations that while the rate hikes would be less, the duration would be longer and the peak higher. Fed Whisperer Nick reiterated the Fed talking points that have been uttered for months, and for some inexplicable reason, it killed stocks and bonds on Monday. Now that the Fed is in a blackout, pundits and Street shills cannot cite a Fed officials’ comment that rate hikes will be less to induce irrational exuberance. So, what do bulls have to foment a rally between now and next week’s FOMC? ESZs are +8.00 at 20:10 ET on buying for the expected Turnaround Tuesday to the upside. Expected economic data: Oct Trade Balance -$80.0B S&P 500 Index 50-day MA: 3818; 100-day MA: 3928; 150-day MA: 3933; 200-day MA: 4044 DJIA 50-day MA: 31,947; 100-day MA: 32,007 150-day MA: 31,916; 200-day MA: 32,457 S&P 500 Index – Trender trading model and MACD for key time frames Monthly: Trender and MACD are negative – a close above 4529.70 triggers a buy signal Weekly: Trender and MACD are positive – a close below 3719.90 triggers a sell signal Daily: Trender and MACD are positive – a close below 3922.22 triggers a sell signal Hourly: Trender and MACD are negative – a close above 4048.83 triggers a buy signal @charliekirk11: It has just been revealed that Anthony Fauci’s daughter worked at Twitter during the pandemic. Because of course she did. Elon Musk outing Twitter’s Hunter Biden laptop censoring ‘not healthy’: White House https://trib.al/KNMmg24 Musk’s Neuralink faces federal probe, employee backlash over animal tests (But Fauci’s sordid puppy experiments are sacrosanct?) https://www.reuters.com/technology/musks-neuralink-faces-federal-probe-employee-backlash-over-animal-tests-2022-12-05/ Fauci’s daughter worked for Twitter during pandemic, deposition reveals “Well, a person who used to work as a software engineer for Twitter was my daughter,” said Fauci. https://thepostmillennial.com/faucis-daughter-worked-for-twitter-during-pandemic-deposition-reveals McConnell Caves to Pelosi, Schumer, Allows JCPA Media Cartel Bailout Bill to Be Included in Defense Package – Over objections from House GOP Leader Kevin McCarthy, the likely next speaker of the House come January 3 of next year, other congressional leaders acquiesced to lobbyist pressure and agreed to include the JCPA in the base text of the NDAA. McCarthy was the only member of congressional leadership to fight back against the inclusion, but was overruled three to one after McConnell caved… https://www.breitbart.com/tech/2022/12/05/sources-mcconnell-caves-to-pelosi-schumer-allows-jcpa-media-cartel-bailout-bill-to-be-included-in-defense-package/ NBC, ABC, CBS called out for silence on Musk’s ‘Twitter files’ release: ‘They’re failing Americans’ MSNBC, CNN almost completely ignore Elon Musk revealing Twitter’s censorship of Hunter Biden laptop https://www.foxnews.com/media/nbc-abc-cbs-called-silence-elon-musk-twitter-files-release-failing-americans Democrats push to lower voting age to 16 https://justthenews.com/politics-policy/elections/democrats-push-lower-voting-age-16 Image of Harry and Meghan being stalked by paparazzi in new Netflix film really from ‘Harry Potter’ premiere (Unceasing fake news, fraud, & gaslighting) https://trib.al/W6HT4f2 |
GREG HUNTER REPORT/
I will not do a report for tomorrow but i will pick up the data on Thursday.
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