GOLD PRICE CLOSED:  UP $11.20 TO $2012.30

SILVER PRICE CLOSED: UP 35 CENTS   AT $24.67

Access prices: closes 4: 15 PM

Gold ACCESS CLOSE 2014.25

Silver ACCESS CLOSE: 24.65

NOV 23

Shanghai Gold Benchmark Price

USD  oz    AM2019.86

PM2021.11

Historical SGE Fix

SHANGHAI GOLD PREMIUM OVER NY: 29 DOLLARS

Bitcoin morning price:, 37,009  DOWN 838 DOLLARS

Bitcoin: afternoon price: $36805 DOWN 1042. dollars

Platinum price closing  $919,75 DOWN  $5.90

Palladium price;     $1059.95 UP $5.55

END

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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: $2,742.53 UP $16.23 CDN dollars per oz( * NEW ALL TIME HIGH 2,782.61//OCT 272023)

*BRITISH GOLD: 1595.25 UP 7.56 pounds per oz// *(NEW ALL TIME HIGH//CLOSING///1655.17) OCT 2/2023

*EURO GOLD: 1838,812 UP 9.25 euros per oz //* (NEW *ALL TIME HIGH/CLOSING//1898.24)//high.* OCT 27.2023

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EXCHANGE: COMEX

XCHANGE: COMEX
CONTRACT: NOVEMBER 2023 COMEX 100 GOLD FUTURES
SETTLEMENT: 2,002.200000000 USD
INTENT DATE: 11/24/2023 DELIVERY DATE: 11/28/2023
FIRM ORG FIRM NAME ISSUED STOPPED

---

363 H WELLS FARGO SEC 9
435 H SCOTIA CAPITAL 2
624 H BOFA SECURITIES 44
657 C MORGAN STANLEY 1
737 C ADVANTAGE 37 1
905 C ADM 2

---

TOTAL: 48 48
MONTH TO DATE: 5,742

---

JPMorgan stopped 0/48 contracts.

FOR NOV.:

GOLD: NUMBER OF NOTICES FILED FOR NOV/2023. CONTRACT:  48 NOTICES FOR 4,800 OZ  or  0.1493 TONNES

total notices so far: 5742 contracts for 574200 oz (17.860 tonnes)

FOR  NOV:

SILVER NOTICES  2 NOTICE(S) FILED FOR 10,000 OZ/

total number of notices filed so far this month : 894 for 4,470,000 oz

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END

BOTH GLD AND SLV ARE FRAUDULENT VEHICLES

GLD

WITH GOLD UP $9.85//

INVESTORS SWITCHING TO SPROTT PHYSICAL  (PHYS) INSTEAD OF THE FRAUDULENT GLD/ : / NO CHANGES IN GOLD INVENTORY AT THE GLD:

INVENTORY RESTS AT 882.28 TONNES

SLV//

WITH NO SILVER AROUND AND SILVER UP 32  CENTS  AT  THE SLV// HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1.008 MILLION OZ FROM THE SLV.

INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV.

CLOSING INVENTORY: 440.173 MILLION OZ

Let us have a look at the data for today

SILVER//OUTLINE

SILVER COMEX OI ROSE BY A HUMONGOUS SIZED 4535 CONTRACTS TO 138,503 AND CLOSER TO  THE  RECORD HIGH OI OF 244,710, SET FEB 25/2020 AND THIS HUGE SIZED GAIN IN COMEX OI WAS ACCOMPLISHED WITH OUR  $0.70 GAIN  IN SILVER PRICING AT THE COMEX ON FRIDAY. WE HAD A MAJOR SPEC SHORT COVERING EPISODE IN FRIDAY’S COMEX TRADING.. TAS ISSUANCE WAS A  MEGA GIGANTIC  SIZED 1345 CONTRACTS. THESE WILL BE USED FOR MANIPULATION LATER THIS MONTH/AS WELL AS TODAY.

CRAIG HEMKE HAS POINTED OUT THAT THE CROOKS USE THE MID MONTH FOR MANIPULATION AS THEY SELL THEIR BUY SIDE OF THE CALENDAR SPREAD FIRST AND THEN KEEP THE SELL SIDE TO LIQUIDATE AT A LATER DATE.  THUS WE HAVE TWO VEHICLES THE CROOKS USE FOR MANIPULATION AND BOTH ARE SPREADERS:  1) AT MONTH’S END/SPREADERS COMEX AND 2/ TAS SPREADERS, MID MONTH. TOTAL TAS ISSUED ON FRIDAY NIGHT: 1345 CONTRACTS. DESPITE MANY COMPLAINTS THAT THE CROOKS HAVE VIOLATED POSITION LIMITS DUE TO THE FACT THAT THE TAS ISSUED HAVE A VALUE  OF ZERO (AS TO POSITION LIMITS FOR OUR CROOKED BANKERS). THE PROBLEM OF COURSE IS THAT THE CROOKS DO NOT LIQUIDATE THE TAS TOGETHER BUT SELL THE BUY SIDE FIRST AND THEN LIQUIDATE THE SELL SIDE TWO MONTHS HENCE. IT IS OBVIOUS MANIPULATION TO THE HIGHEST DEGREE BUT IT NATURALLY FELL ON DEAF EARS WITH OUR REGULATORS (OCC) WHEN THEY RECEIVED OUR COMPLAINTS. IT THUS LOOKS LIKE THE FED (GOV’T) IS BEHIND ALL OF THESE TRADES.

WE HAVE NOW SET ANOTHER RECORD LOW AT 114,102 CONTRACTS ///JULY 3.2023//  OUR BANKERS WITH THE HELP OF SPECULATORS AND HIGH FREQUENCY TRADERS WERE UNSUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT ROSE BY $0.70). AND WERE SUCCESSFUL IN KNOCKING SOME SILVER LONGS AS WE HAD A MEGA HUMONGOUS SIZED GAIN OF 5285  OI CONTRACTS ON OUR TWO EXCHANGES AS THE SPEC SHORTS TRIED AGAIN DESPERATELY TO COVER THEIR SHORTFALLS WITH ZERO SUCCESS AS THEY ARE CONTINUALLY BEING SENT TO THE SLAUGHTERHOUSE

WE  MUST HAVE HAD:

A VERY STRONG SIZED 750  ISSUANCE OF EXCHANGE FOR PHYSICALS) iiii) AN  INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 1.430 MILLION OZ (FIRST DAY NOTICE)  FOLLOWED BY TODAY’S 155,000 OZ E.F.P. JUMP TO LONDON   +0 EXCHANGE FOR RISK ISSUANCE FOR 0 MILLION OZ//NEW EXCHANGE FOR RISK 1.245 MILLION

//NEW STANDING FOR SILVER IS THUS 4.530 MILLION OZ + 1.245 (EX. FOR RISK) = 5.775 MILLION OZ.

//HUGE SIZED COMEX OI GAIN/ VERY STRONG SIZED EFP ISSUANCE/VI)  MEGA GIGANTIC SIZED NUMBER OF  T.A.S. CONTRACT ISSUANCE 1345 CONTRACTS)/

 I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL – REMOVED 947 CONTRACTS (the cme will no longer provide preliminary no to be except through a paywall)

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

TOTAL CONTRACTS for 18 days, total 7154 contracts:   OR 35.770 MILLION OZ  (397 CONTRACTS PER DAY)

TOTAL EFP’S FOR THE MONTH SO FAR:  35.770 MILLION OZ

LAST 23 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

YEAR 2022:

 JAN 2022-DEC 2022

JAN 2022//  90.460 MILLION OZ

FEB 2022:  72.39 MILLION OZ//

MARCH 2022: 207.140  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, 61.395 MILLION OZ FINAL

TOTALS YR 2022: 1135.767 MILLION OZ (1.1356 BILLION OZ)

JAN 2023///   53.070 MILLION OZ //FINAL

FEB: 2023:       100.105 MILLION OZ/FINAL//MUCH STRONGER ISSUANCE VS THE LATTER TWO MONTHS.

MARCH 2023:  112.58 MILLION OZ//FINAL//STRONG ISSUANCE

APRIL  118.035 MILLION OZ(SLIGHTLY GREATER THAN THAN LAST MONTH)

MAY 66.120 MILLION OZ/INITIAL (MUCH SMALLER THIS MONTH)  

JUNE: 110.395 MILLION OZ//MUCH LARGER THAN LAST MONTH

JULY 85.745 MILLION OZ (SMALLER THAN LAST MONTH)

AUGUST: 171.43 MILLION OZ (THIS MONTH IS GOING TO BE HUGE //2ND HIGHEST ON RECORD

SEPT: 72.705 MILLION OZ (SMALLER THIS MONTH)

OCT: 97.455 MILLION OZ

NOV.  35.770 MILLION OZ (GOING TO BE QUITE SMALL THIS MONTH)

RESULT: WE HAD A MEGA HUGE SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 4535  CONTRACTS WITH OUR GAIN  IN PRICE OF  $0.70 IN SILVER PRICING AT THE COMEX//FRIDAY.,.  THE CME NOTIFIED US THAT WE HAD A VERY STRONG 750  EFP ISSUANCE  CONTRACTS: 750  ISSUED FOR DEC AND 0 CONTRACTS ISSUED FOR ALL OTHER MONTHS) WHICH  EXITED OUT OF THE SILVER COMEX  TO LONDON  AS FORWARDS.  WE HAVE A SMALL INITIAL SILVER OZ STANDING FOR NOV. OF  1.432 MILLION  OZ FOLLOWED BY TODAY’S 155,000 OZ E.F.P. JUMP TO LONDON

NEW STANDING 4.530 OZ + 1.245 MILLION OZ EXCHANGE FOR RISK: NEW TOTAL 5.775 MILLION OZ///  /// WE HAVE A HUMONGOUS SIZED GAIN OF 5285 OI CONTRACTS ON THE TWO EXCHANGES. THE TOTAL OF TAS INITIATED CONTRACTS TODAY:  A MEGA GIGANTIC SIZED 1345 CONTRACTS//SOME FRONT END OF THE TAS CONTRACTS WERE LIQUIDATED  DURING THE FRIDAY COMEX SESSION.   THE NEW TAS ISSUANCE FRIDAY NIGHT A HUGE (1345) WILL BE PUT INTO “THE BANK” TO BE COLLUSIVELY USED AT A LATER DATE., .

WE HAD 2  NOTICE(S) FILED TODAY FOR 10,000  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 FAIR  SIZED 3234 CONTRACTS  TO 499,580 AND FURTHER FROM THE RECORD (SET JAN 24/2020) AT 799733  AND  PREVIOUS TO THAT: (SET JAN 6/2020) AT 797,110.

THE DIFFERENTIAL FROM PRELIMINARY OI TO FINAL OI IN GOLD TODAY:  – REMOVED   791 CONTRACTS

WE HAD A FAIR SIZED DECREASE  IN COMEX OI ( 3234 CONTRACTS) DESPITE OUR  11.20 GAIN IN PRICE//FRIDAY. WE ALSO HAD A RATHER STRONG INITIAL STANDING IN GOLD TONNAGE FOR NOV. AT 4.3514 TONNES ON FIRST DAY NOTICE FOLLOWED BY TODAY’S 3800 OZ QUEUE JUMP  + TODAY’S 0 CONTRACT ISSUANCE OF EXCHANGE FOR RISK// TOTAL EX. FOR RISK:  16.2505  TONNES/   // TOTAL GOLD STANDING FOR NOV: 17.860 TONNES + 16.2505 TONNES (EX. FOR RISK) = 34.111 TONNES // ALL OF..THIS HAPPENED WITH OUR $11.20 GAIN IN PRICE  WITH RESPECT TO FRIDAY’S TRADING.WE HAD A SMALL SIZED LOSS  OF 484  OI CONTRACTS (1.505) PAPER TONNES) ON OUR TWO EXCHANGES.

E.F.P. ISSUANCE

THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A FAIR SIZED 2750 CONTRACTS:

The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 499,580

IN ESSENCE WE HAVE A TINY SIZED DECREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 484 CONTRACTS  WITH 3,234  CONTRACTS DECREASED AT THE COMEX// AND A FAIR SIZED 2750 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS  TOTAL OI LOSS ON THE TWO EXCHANGES OF 484 CONTRACTS OR 1.505 TONNES. WE HAD 0 CONTRACT EXCHANGE FOR RISK FOR 0 TONNES. WE HAD THE FOLLOWING TAS CONTRACTS INITIATED (ISSUED):  A  STRONG 2599 CONTRACTS. 

CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES

WE HAD A FAIR SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (2750 CONTRACTS) ACCOMPANYING THE FAIR SIZED LOSS IN COMEX OI (3234) //TOTAL LOSS FOR OUR THE TWO EXCHANGES: 484 CONTRACTS. WE HAVE ( 1) NOW RETURNED TO OUR FORMER FORMAT OF BANKERS GOING LONG AND SPECULATORS GOING SHORT  ,2.) FAIR INITIAL STANDING AT THE GOLD COMEX FOR NOV. AT 4.3514 TONNES FOLLOWED BY TODAY’S 3800 OZ QUEUE JUMP : NEW STANDING 17.860 TONNES + 16.2505 TONNES EXCHANGE      /THUS NEW TOTAL FOR GOLD STANDING: 34.111 TONNES // /// 3) ZERO LONG LIQUIDATION AND  SOME TAS LIQUIDATION AND WE HAD ATTEMPTED  SPEC SHORT COVERINGS  DURING THE COMEX SESSION AS THE SPECS ARE CONTINUALLY USHERED INTO THE SLAUGHTERHOUSE //4)  FAIR SIZED COMEX OPEN INTEREST LOSS/ 5)    FAIR ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER///6:  STRONG T.A.S.  ISSUANCE: 2549 CONTRACTS

HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS IN 2023 INCLUDING TODAY

NOV

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

TOTAL EFP CONTRACTS ISSUED:  61,325 CONTRACTS OR 6,132,500 OZ OR 190.74 TONNES IN 18 TRADING DAY(S) AND THUS AVERAGING: 3406 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE  SIZE OF THESE EFP TRANSFERS :  THIS MONTH IN 18 TRADING DAY(S) IN  TONNES  190.74 TONNES

TOTAL ANNUAL GOLD PRODUCTION, 2022, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES

THUS EFP TRANSFERS REPRESENTS  190.74/3550 x 100% TONNES  5.30% OF GLOBAL ANNUAL PRODUCTION

ACCUMULATION OF GOLD EFP’S YEAR 2021 TO 2023

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//

TOTALS: 2,578.08 TONNES/2021

JAN:2022   247.25 TONNES //FINAL

FEB:           196.04 TONNES//FINAL

MARCH/2022:  409.30 TONNES //FINAL( 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:  185.59 tonnes // FINAL

TOTAL: 2,847,25 TONNES/2022

JAN 2023:    228.49 TONNES FINAL//HUGE AMOUNT OF EFP’S ISSUED THIS MONTH!!

FEB: 151.61 TONNES/FINAL

MARCH: 280.09 TONNES/INITIAL (ANOTHER STRONG MONTH FOR EFP ISSUANCE)

APRIL: 197.42 TONNES

MAY: 236.67 TONNES (A VERY STRONG ISSUANCE FOR THIS MONTH)

JUNE: 172.667 TONNES (WEAKER ISSUANCE THIS MONTH)

JULY:  151.69 TONNES (WEAKER THAN LAST MONTH)

AUGUST:  195.28 TONNES (A STRONGER MONTH)//FINAL

SEPT: 254.709 TONNES (WILL BE LARGER THAN LAST MONTH AND A STRONG MONTH)

OCT. 248.09 TONNES. LIKE SILVER, THIS MONTH IS GOING TO BE A STRONG E.F.P. ISSUANCE.

NOV.   190.74 TONNES//WILL BE STRONG THIS MONTH, 

SPREADING OPERATIONS

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

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

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 MAY HEADING TOWARDS THE  ACTIVE DELIVERY MONTH OF JUNE., FOR BOTH GOLD:

YOU WILL ALSO NOTICE THAT THE COMEX OPEN INTEREST  STARTS TO RISE BUT SO IS THE OPEN INTEREST OF SPREADERS. THE OPEN INTEREST IN WILL CONTINUE TO RISE UNTIL ONE WEEK BEFORE FIRST DAY NOTICE OF AN UPCOMING  ACTIVE DELIVERY MONTH (SEPT), 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.

The crooks also use the spread in the TAS  account  (trade at settlement).  They buy the spot TAS (e.g. June) and sell the future TAS two months out (e.g. August). Then they unload the front month (i.e. unload the buy side first so the price of gold/silver falls. This occurs in the middle  of the  front delivery month cycle. They unload the sell side of the equation, two months down the road.  The crooks violate position limits as the OCC refuse to hear our complaints.

First, here is an outline of what will be discussed tonight:

1.Today, we had the open interest at the comex, in SILVER ROSE BY A GIGANTIC SIZED 4535  CONTRACTS OI TO  138,503 AND CLOSER TO  OUR COMEX HIGH RECORD //244,710(SET FEB 25/2020).  THE LAST RECORDS WERE SET  IN AUG.2018 AT 244,196 WITH A SILVER PRICE OF $14.78/(AUGUST 22/2018)..THE PREVIOUS RECORD TO THAT WAS SET ON APRIL 9/2018 AT 243,411 OPEN INTEREST CONTRACTS WITH THE SILVER PRICE AT THAT DAY: $16.53). AND PREVIOUS TO THAT, THE RECORD  WAS ESTABLISHED AT: 234,787 CONTRACTS, SET ON APRIL 21.2017 OVER  5 YEARS AGO.  HOWEVER WE HAVE NOW SET A NEW RECORD LOW OF 114,102 CONTRACTS JULY 3.2023

EFP ISSUANCE  750  CONTRACTS

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

DEC  750  and ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE:  750  CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON.  IF WE TAKE THE  COMEX OI GAIN  OF 4535 CONTRACTS AND ADD TO THE 750  OI TRANSFERRED TO LONDON THROUGH EFP’S,

WE OBTAIN A MEGA GIGANTIC SIZED GAIN OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES OF 5285 CONTRACTS

THUS IN OUNCES, THE GAIN  ON THE TWO EXCHANGES  TOTAL 26.425 MILLION OZ  

OCCURRED WITH OUR     $0.70 GAIN IN PRICE …..

END

OUTLINE FOR TODAY’S COMMENTARY

1a/COMEX GOLD AND SILVER REPORT

(report Harvey)

b, ) Gold/silver trading overnight Europe,//GOLD COMMENTARIES

(Peter Schiff)

c) Commentaries from: Egon von Greyerz///Matthew Piepenburg via GoldSwitzerland.com, Pam and Russ Martens

ii a) Chris Powell of GATA provides to us very important physical commentaries

b. Other gold/silver commentaries

c. Commodity commentaries//

d)/CRYPTOCURRENCIES/BITCOIN ETC

2.ASIAN AFFAIRS//

MONDAY MORNING/SUNDAY  NIGHT

SHANGHAI CLOSED DOWN 9.27 PTS OR 0.30%  //Hang Seng CLOSED DOWN 34,36 PTS OR 0.20%           /The Nikkei CLOSED DOWN 177,86 PTS OR 0.53% //Australia’s all ordinaries CLOSED DOWN .21 %   /Chinese yuan (ONSHORE) closed UP AT 7.1529   /OFFSHORE CHINESE YUAN CLOSED UP TO 7.1617 /Oil UP TO 74.83 dollars per barrel for WTI and BRENT  DOWN AT 79,89/ Stocks in Europe OPENED MOSTLY RED// 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  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
9. USA

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1. COMEX DATA//AMOUNTS STANDING//VOLUME OF TRADING/INVENTORY MOVEMENTS

GOLD

 LET US BEGIN:

THE TOTAL COMEX GOLD OPEN INTEREST FELL  BY A FAIR SIZED 3234  CONTRACTS  TO 499,590 DESPITE OUR STRONG GAIN IN PRICE OF $11.20 WITH RESPECT TO FRIDAY TRADING. WE MUST HAVE HAD SOME SPEC SHORT COVERING.

EXCHANGE FOR PHYSICAL ISSUANCE

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

THAT IS 2750  EFP CONTRACTS WERE ISSUED: :  DEC 2750 & ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE: 2750 CONTRACTS

ON A NET BASIS IN OPEN INTEREST WE LOST THE FOLLOWING TODAY ON OUR TWO EXCHANGES: A SMALL SIZED TOTAL OF 484  CONTRACTS IN THAT 2750 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE HAD A FAIR SIZED LOSS OF 3234 COMEX  CONTRACTS..AND  THIS LOSS ON OUR TWO EXCHANGES HAPPENED WITH OUR GAIN IN PRICE OF $11.20//FRIDAY COMEX.   AS PER OUR NEWBIE TRADE AT SETTLEMENT (TAS) MANIPULATION OPERATION (WHICH CRAIG HEMKE HAS POINTED OUT HAPPENS DURING MID MONTH IN THE DELIVERY CYCLE), THE CME REPORTS THAT THE TOTAL T.A.S. ISSUANCE FOR FRIDAY NIGHT WAS A FAIR SIZED   2589 CONTRACTS.  THROUGHOUT THE PAST SEVERAL WEEKS, THE BANKERS SOLD OFF THE LONG SIDE OF THE SPREAD WHICH  OF COURSE CONTINUES TO MANIPULATE THE PRICE OF GOLD SOUTHBOUND. (THEY KEEP THE SHORT SIDE OF THE CALENDAR SPREAD WHICH WILL BE LIQUIDATED TWO MONTHS HENCE)//. 

// WE HAVE A STRONG AMOUNT OF GOLD TONNAGE STANDING:   NOV  (34.111 TONNES  ( NON ACTIVE MONTH)

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

Dec. 64.000 tonnes

(TOTAL  YEAR 656.076 TONNES)

2023:

JAN/2023:    20.559 tonnes

FEB 2023: 47.744 tonnes

MAR:  19.0637 TONNES

APRIL: 75.676  tonnes

MAY: 19.094 TONNES + 1.244 tonnes of exchange for risk =  20.338

JUNE: 64.354 TONNES

JULY: 10.2861 TONNES

AUGUST: 38.855 TONNES(INCLUDING .6842 EXCHANGE FOR RISK)

SEPT: 15.281 TONNES FINAL

OCT.    35.869 TONNES + 1.665 EXCHANGE FOR RISK =37.0355 tonnes

NOV: 17.860 TONNES + 16.2505 EX. FOR RISK   = 34.111 TONNES

THE SPECS/HFT WERE UNSUCCESSFUL IN LOWERING GOLD’S PRICE( IT GAINED $11.20) //// AND WERE UNSUCCESSFUL IN KNOCKING ANY  SPECULATOR LONGS AS  WE HAD A SMALL SIZED LOSS OF 484 TOTAL CONTRACTS ON OUR TWO EXCHANGES. WE HAD SOME T.A.S. LIQUIDATION ON THE FRONT END OF FRIDAY’S TRADING.  THE T.A.S. ISSUED ON FRIDAY NIGHT, WILL BE “PUT INTO THE BANK” TO BE USED AT A LATER DATE AT THE COLLUSIVE CHOOSING OF OUR BANKERS. WE ALSO EXPERIENCED  SOME SPECULATOR SHORT COVERING

WE HAVE LOST A TOTAL OI OF  1.505 PAPER TONNES FROM OUR TWO EXCHANGES, ACCOMPANYING OUR INITIAL  GOLD TONNAGE STANDING FOR NOV. (4.3514 TONNES) ON FIRST DAY NOTICE FOLLOWED BY TODAY’S 3,800 OZ QUEUE JUMP  //NEW TOTALS STANDING:17.763 TONNES + 0 TONNES exchange for risk today + TOTAL EX. FOR RISK/PRIOR : 16.2505 TONNES/// NEW TOTAL STANDING: 34.111 TONNES  ALL OF THIS WAS ACCOMPLISHED WITH OUR GAIN IN PRICE  TO THE TUNE OF $11.20.  FOR THE PAST SEVERAL WEEKS, THE SPECULATORS HAVE GONE MASSIVELY SHORT WITH OUR BANKERS NET LONG.  THE BIG QUESTION IS NOW HOW MUCH GOLD WILL THE BANKERS PULL FROM OUR SHORT SPECULATORS. 

WE HAD  REMOVED – 791CONTRACTS  TO THE  COMEX TRADES TO OPEN INTEREST (CROOKS)

NET LOST ON THE TWO EXCHANGES 484  CONTRACTS OR 48400 OZ OR 1.505 TONNES.

Estimated gold volume today:// 397,434  very strong

final gold volumes/yesterday   319,401  very good

//speculators have left the gold arena

NOV 27

/ /// THE NOV.  2023 GOLD CONTRACT

Gold	Ounces
Withdrawals from Dealers Inventory in oz	nil
Withdrawals from Customer Inventory in oz	nil           .
Deposit to the Dealer Inventory in oz	nil
Deposits to the Customer Inventory, in oz	64,009.031  oz ASAHI (real gold deposited)
No of oz served (contracts) today	48  notice(s) 4800 OZ 0.1493 TONNES
No of oz to be served (notices)	7  contracts    700 oz 0.0217 TONNES
Total monthly oz gold served (contracts) so far this month	5742 notices 574200  oz 17.860 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	x

0 dealer deposit:

total dealer deposits:  0 oz

customer deposits: 1

i)Into Asahi 64,009.031 oz

(real gold deposited)

total customer deposits:  64,009.031    oz

we had  0 customer withdrawals

total withdrawals nil oz

Adjustments; 0

CALCULATIONS FOR THE AMOUNT OF GOLD STANDING FOR NOV.

For the front month of NOVEMBER we have an oi of 55  contracts having LOST 3651 contracts. We had 3689 contracts filed on FRIDAY, so we GAINED 38 contracts or an additional 3800 oz will  stand for delivery at the comex in this NON active delivery month of NOVEMBER    Our short speculators have been met with physical delivery demands by the bank.  The only way they can obtain gold is through these EFP’s where delivery is taken in London on a T + 2 basis. 

December LOST 28,776  contracts DOWN to 125,347 contracts. The Dec OI is unusually high with just 3 more trading days left before FDN. 

JAN. GAINED 149 contracts FALLING TO 3005 contracts.

We had  48 contracts filed for today representing 4800    oz  

Today, 0 notice(s) were issued from J.P.Morgan dealer account and 0  notices were issued from their client or customer account. The total of all issuance by all participants equate to  48   contract(s) of which 0   notices were stopped (received) by  j.P. Morgan dealer and  0  notice(s) was (were) stopped   received by J.P.Morgan//customer account   and 0 notice(s) received (stopped) by the squid  (Goldman Sachs)

To calculate the INITIAL total number of gold ounces standing for the NOV. /2023. contract month, we take the total number of notices filed so far for the month (5742 x 100 oz ), to which we add the difference between the open interest for the front month of  NOV. (55  CONTRACTS)  minus the number of notices served upon today  48 x 100 oz per contract equals 574,200 OZ  OR 17.860 TONNES + total ex. for risk = 16.2505//THUS  TOTAL STANDING:  33.9935 TONNES 

thus the INITIAL standings for gold for the NOV. contract month:  No of notices filed so far (5742) x 100 oz +  (55) {OI for the front month} minus the number of notices served upon today (48)  x 100 oz) which equals  571,100 oz standing OR 17.763 TONNES + 16.2505 EX FOR RISK FOR MONTH = 34.111 TONNES 

TOTAL COMEX GOLD STANDING: 34.111 TONNES WHICH IS HUGE FOR AN ACTIVE BUT GENERALLY WEAK DELIVERY MONTH. (OCT). Somebody is after a considerable amount of gold from the comex. 

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

COMEX GOLD INVENTORIES/CLASSIFICATION

NEW PLEDGED GOLD:

241,794.285 oz NOW PLEDGED /HSBC  5.94 TONNES

204,937.290 PLEDGED  MANFRA 3.08 TONNES

83,657.582 PLEDGED JPMorgan no 1  1.690 tonnes

265,999.054, oz  JPM No 2 

1,152,376.639 oz pledged  Brinks/

Manfra:  33,758.550 oz

Delaware: 193.721 oz

International Delaware::  11,188.542 oz

total pledged gold: 1,835,300.879  OZ   57.08 tonnes

TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD:  19,870,682,127 OZ  

TOTAL REGISTERED GOLD 10,051.625.867  (311.71  tonnes)..cme corrected

TOTAL OF ALL ELIGIBLE GOLD: 9,819,056.260 OZ  

REGISTERED GOLD THAT CAN BE SERVED UPON: 8,216,325 (REG GOLD- PLEDGED GOLD) 255.56 tonnes//dropping like a stone

END

SILVER/COMEX

NOV 27

//2023// THE NOV 2023 SILVER CONTRACT

Silver	Ounces
Withdrawals from Dealers Inventory	NIL oz
Withdrawals from Customer Inventory	100,247.430 OZ Brinks .
Deposits to the Dealer Inventory	nil oz
Deposits to the Customer Inventory	nil oz
No of oz served today (contracts)	2  CONTRACT(S)    (10,000  OZ)
No of oz to be served (notices)	12 contracts  (60,000 oz)
Total monthly oz silver served (contracts)	894 Contracts  (4,470,000 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 deposit: 0

total: nil oz

i) We had  0 dealer withdrawal

total dealer withdrawals: 0 oz

We had  0 deposits customer account:

total customer deposit  nil   oz

JPMorgan has a total silver weight: 134.441  million oz/267.514 million  or 50.09%

Comex withdrawals 1

i) Out of Brinks  100,247.430 oz 

total: 100.247.430 oz

adjustments: 1  customer to dealer Brinks

i) Brinks  38,711.200 oz

TOTAL REGISTERED SILVER: 37.377 MILLION OZ//.TOTAL REG + ELIGIBLE. 267,514 million oz

CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR August:

silver open interest data:

FRONT MONTH OF NOV /2023 OI: 14   CONTRACTS HAVING LOST 31  CONTRACT(S). WE HAD 0 NOTICES FILED ON FRIDAY, SO WE LOST 31 CONTRACTS OR AN ADDITIONAL 155,000 OZ WILL NOT  STAND FOR SILVER IN NOVEMBER AT THE COMEX AND THEY WERE IMMEDIATELY E.F.P.’D TO LONDON TO TAKE DELIVERY OVER ON THAT SIDE OF THE POND. 

DEC. LOST 4188  CONTRACTS TO STAND AT 31,037.  THIS IS ALSO RATHER HIGH FOR DEC!

JANUARY LOST 4 CONTRACTS TO STAND AT 1392

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

Comex volumes// est. volume today   139,270// huge

Comex volume: confirmed yesterday 100,777  strong

To calculate the number of silver ounces that will stand for delivery in NOV. we take the total number of notices filed for the month so far at 894 x  5,000 oz = 4,470,000 oz 

to which we add the difference between the open interest for the front month of NOV. (14) and the number of notices served upon today 2 x (5000 oz) equals the number of ounces standing.

Thus the  standings for silver for the NOV/2023 contract month:  894 (notices served so far) x 5000 oz + OI for the front month of NOV (14) – number of notices served upon today (2 )x 500 oz of silver standing for the NOV  contract month equates to 4.530 MILLION OZ +0 MILLION OZ EXCHANGE FOR RISK TODAY +  1.245 MILLION OZ (EXCHANGE FOR RISK/PRIOR) =5.775 MILLION OZ (CME CORRECTED)

There are 37.377 million oz of registered silver.

The record level of silver open interest is 234,787 contracts set on April 21./2017 with the price on that day at $18.42. The previous record was 224,540 contracts with the price at that time of $20.44

END

GLD AND SLV INVENTORY LEVELS//

BOTH GLD AND SLV ARE MASSIVE FRAUDS!

NOV 27/WITH GOLD UP $9,85 TODAY:NO CHANGES IN GOLD INVENTORY AT THE GLD: // / / // // INVENTORY RESTS AT 882.28 TONNES

NOV 24/WITH GOLD UP $11.20 TODAY:HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.15 TONNES OF GOLD FROM THE GLD// / / // // INVENTORY RESTS AT 882.28 TONNES

NOV 22/WITH GOLD DOWN $8.45 TODAY:NO CHANGES IN GOLD INVENTORY AT THE GLD / / // // INVENTORY RESTS AT 883.43 TONNES

NOV 21/WITH GOLD UP $21.65 TODAY:NO CHANGES IN GOLD INVENTORY AT THE GLD / / // // INVENTORY RESTS AT 883.43 TONNES

NOV 20/WITH GOLD DOWN $4.15 TODAY:HUGE CHANGES IN GOLD INVENTORY AT THE GLD A MAMMOTH DEPOSIT OF 12.98 TONNES INTO THE GLD:/ / // // INVENTORY RESTS AT 883.43 TONNES

NOV 17/WITH GOLD DOWN $1.85 TODAY:NO CHANGES IN GOLD INVENTORY AT THE GLD:/ / // // INVENTORY RESTS AT 870.45 TONNES

NOV 16/WITH GOLD UP $22.70 TODAY:NO CHANGES IN GOLD INVENTORY AT THE GLD:/ / // // INVENTORY RESTS AT 870.45 TONNES

NOV 15/WITH GOLD DOWN $1.00 TODAY:NO CHANGES IN GOLD INVENTORY AT THE GLD:/ / // // INVENTORY RESTS AT 870.45 TONNES

NOV 14/WITH GOLD UP $16.35 TODAY:HUGE CHANGES IN GOLD INVENTORY AT THE GLD:/ / // //A DEPOSIT OF 2.3 TONNES OF GOLD INTO THE GLD// INVENTORY RESTS AT 870.45 TONNES

NOV 13/WITH GOLD UP $12.00 TODAY:SMALL CHANGES IN GOLD INVENTORY AT THE GLD:/ / // //A DEPOSIT OF .87 TONNES OF GOLD INTO THE GLD// INVENTORY RESTS AT 868.15 TONNES

NOV 10/WITH GOLD DOWN $30.70 TODAY:NO CHANGES IN GOLD INVENTORY AT THE GLD:/ / // // INVENTORY RESTS AT 867.28 TONNES

NOV 9/WITH GOLD UP $12.50 TODAY:NO CHANGES IN GOLD INVENTORY AT THE GLD:/ / // // INVENTORY RESTS AT 867.28 TONNES

NOV 8/WITH GOLD DOWN $14.95 TODAY:HUGE CHANGES IN GOLD INVENTORY AT THE GLD:A MASSIVE DEPOSIT OF 4.04 TONNES OF GOLD INTO THE GLD/ / // // INVENTORY RESTS AT 867.28 TONNES

NOV 7/WITH GOLD DOWN $14.70 TODAY:HUGE CHANGES IN GOLD INVENTORY AT THE GLD:A DEPOSIT OF 4.33 TONNES OF GOLD INTO THE GLD/ / // // INVENTORY RESTS AT 863.24 TONNES

NOV 6/WITH GOLD DOWN $9.90 TODAY:HUGE CHANGES IN GOLD INVENTORY AT THE GLD:A DEPOSIT OF 1.73 TONNES OF GOLD INTO THE GLD/ / // // INVENTORY RESTS AT 863.24 TONNES

NOV 3/WITH GOLD UP $5.75 TODAY:NO CHANGES IN GOLD INVENTORY AT THE GLD: / // // INVENTORY RESTS AT 861.51 TONNES

NOV 2/WITH GOLD UP $6.55 TODAY:BIG CHANGES IN GOLD INVENTORY AT THE GLD: A HUGE DEPOSIT OF 2.02 TONNES OF GOLD INTO THE GLD/ // // INVENTORY RESTS AT 861.51 TONNES

NOV 1/WITH GOLD DOWN $6.15 TODAY:NO CHANGES IN GOLD INVENTORY AT THE GLD // // INVENTORY RESTS AT 859.49 TONNES

OCT 31/859.49 TONNES//

OCT 30/WITH GOLD UP $7.80 TODAY:NO CHANGES IN GOLD INVENTORY AT THE GLD // // INVENTORY RESTS AT 861.80 TONNES

OCT 27/WITH GOLD UP $1.20 TODAY:NO CHANGES IN GOLD INVENTORY AT THE GLD // // INVENTORY RESTS AT 861.80 TONNES

OCT 26/WITH GOLD UP $2.90 TODAY:HUGE CHANGES IN GOLD INVENTORY AT THE GLD A DEPOSIT OF 1.73 TONNES OF GOLD INTO THE GLD// // INVENTORY RESTS AT 861.80 TONNES

OCT 25/WITH GOLD UP $9.00 TODAY:NO CHANGES IN GOLD INVENTORY AT THE GLD:/: //: // INVENTORY RESTS AT 860.07 TONNES

OCT 24/WITH GOLD DOWN $1.30 TODAY:HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A MASSIVE WITHDRAWAL OF 3.17 TONNES OF GOLD OUT OF THE GLD//WHAT A MASSIVE FRAUD! //: //: // INVENTORY RESTS AT 860.07 TONNES

OCT 23/WITH GOLD DOWN $6.80 TODAY:HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A MASSIVE 15.00 TONNES OF GOLD INTO THE GLD//WHAT A MASSIVE FRAUD! //: //: // INVENTORY RESTS AT 863.24 TONNES

OCT 20/WITH GOLD UP $14.50 TODAY:NO CHANGES IN GOLD INVENTORY AT THE GLD //: //: // INVENTORY RESTS AT 848.24 TONNES

OCT 19/WITH GOLD UP $12.90 TODAY:HUGE CHANGES IN GOLD INVENTORY AT THE GLD A WITHDRAWAL OF 5.19 TONNES OF GOLD FROM THE GLD//: //: // INVENTORY RESTS AT 848.24 TONNES

OCT 18/WITH GOLD UP $32.55 TODAY:HUGE CHANGES IN GOLD INVENTORY AT THE GLD A WITHDRAWAL OF 2.02 TONNES OF GOLD FROM THE GLD//: //: // INVENTORY RESTS AT 853.43 TONNES

GLD INVENTORY: 882.28 TONNES

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

NOV 27/WITH SILVER UP 32 CENTS TODAY:HUGE CHANGES IN SILVER INVENTORY AT THE SLV //:////A WITHDRAWAL OF 1,008,000 OZ FROM THE SLV. //INVENTORY RESTS AT 440.173 MILLION OZ

NOV 24/WITH SILVER UP 70 CENTS TODAY:HUGE CHANGES IN SILVER INVENTORY AT THE SLV //:////A WITHDRAWAL OF 549,000 OZ FROM THE SLV. //INVENTORY RESTS AT 441.181 MILLION OZ

NOV 22/WITH SILVER DOWN 21 CENTS TODAY:NO CHANGES IN SILVER INVENTORY AT THE SLV //://// //INVENTORY RESTS AT 441.730 MILLION OZ

NOV 21/WITH SILVER UP 32 CENTS TODAY:HUGE CHANGES IN SILVER INVENTORY AT THE SLV A DEPOSIT OF 2.794 OZ FROM THE SLV//://// //INVENTORY RESTS AT 441.730 MILLION OZ

NOV 20/WITH SILVER DOWN 26 CENTS TODAY:HUGE CHANGES IN SILVER INVENTORY AT THE SLV A WITHDRAWAL OF 1,824,000 OZ FROM THE SLV//://// //INVENTORY RESTS AT 438.936 MILLION OZ

NOV 17/WITH SILVER DOWN 6 CENTS TODAY:HUGE CHANGES IN SILVER INVENTORY AT THE SLV A WITHDRAWAL OF 1,832,000 OZ FROM THE SLV//://// //INVENTORY RESTS AT 437,104 MILLION OZ

NOV 16/WITH SILVER UP 38 CENTS TODAY:SMALL CHANGES IN SILVER INVENTORY AT THE SLV A WITHDRAWAL OF 778,000 OZ FROM THE SLV//://// //INVENTORY RESTS AT 440.768 MILLION OZ

NOV 15/WITH SILVER UP 39 CENTS TODAY:NO CHANGES IN SILVER INVENTORY AT THE SLV://// //INVENTORY RESTS AT 441.587 MILLION OZ

NOV 14/WITH SILVER UP 78 CENTS TODAY:SMALL CHANGES IN SILVER INVENTORY AT THE SLV:A DEPOSIT OF 183,000 OZ INTO THE SLV ////// //INVENTORY RESTS AT 441.587 MILLION OZ

NOV 13/WITH SILVER UP 5 CENTS TODAY:NO CHANGES IN SILVER INVENTORY AT THE SLV: ////// //INVENTORY RESTS AT 441.364 MILLION OZ

NOV 10/WITH SILVER DOWN 59 CENTS TODAY:HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF .733 MILLION OZ INTO THE SLV////// //INVENTORY RESTS AT 441.364 MILLION OZ

NOV 9/WITH SILVER UP 17 CENTS TODAY:NO CHANGES IN SILVER INVENTORY AT THE SLV: //// //INVENTORY RESTS AT 440.631 MILLION OZ

NOV 8/WITH SILVER UP 13 CENTS TODAY:NO CHANGES IN SILVER INVENTORY AT THE SLV: //// //INVENTORY RESTS AT 440.631 MILLION OZ

NOV 7/WITH SILVER DOWN 59 CENTS TODAY:NO CHANGES IN SILVER INVENTORY AT THE SLV: //// //INVENTORY RESTS AT 440.631 MILLION OZ

NOV 6/WITH SILVER DOWN 6 CENTS TODAY:NO CHANGES IN SILVER INVENTORY AT THE SLV: //// //INVENTORY RESTS AT 440.631 MILLION OZ

NOV 3/WITH SILVER UP 41 CENTS TODAY:BIG CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 0.638 MILLION OZ OF SILVER FROM THE SLV///// /// /INVENTORY RESTS AT 440.631 MILLION OZ

NOV 2/WITH SILVER UP 11 CENTS TODAY:BIG CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1.924 OZ OF SILVER FROM THE SLV///// /// /INVENTORY RESTS AT 439.993 MILLION OZ

NOV 1/WITH SILVER DOWN 11 CENTS TODAY:BIG CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 916,000 OZ OF SILVER FROM THE SLV///// /// /INVENTORY RESTS AT 441.917 MILLION OZ

OCT 31/442.833 MILLION OZ///INVENTORY

OCT 30/WITH SILVER UP 46 CENTS TODAY:NO CHANGES IN SILVER INVENTORY AT THE SLV: /// /// /INVENTORY RESTS AT 443.750 MILLION OZ

OCT 27/WITH SILVER UP 3 CENTS TODAY:BIG CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 641,000 OZ FROM THE SLV/// /// /INVENTORY RESTS AT 443.750 MILLION OZ

OCT 26/WITH SILVER DOWN 14 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/ /// /INVENTORY RESTS AT 444.391 MILLION OZ

OCT 25/WITH SILVER DOWN 6 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV/ /// /INVENTORY RESTS AT 444.391 MILLION OZ

OCT 24/WITH SILVER DOWN 8 CENTS TODAY: HUGE CHANGES IN SILVER INVENTORY AT THE SLV:A MASSIVE DEPOSIT OF 2.52 MILLION OZ INTO THE SLV/// /// /INVENTORY RESTS AT 444.391 MILLION OZ

OCT 23/WITH SILVER DOWN 23 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV:/ /// /INVENTORY RESTS AT 441.871 MILLION OZ

OCT 20/WITH SILVER UP 50 CENTS TODAY: HUGE CHANGES IN SILVER INVENTORY AT THE SLV:.A WITHDRAWAL OF 2.658 MILLION OZ FROM THE SLV/ /// /INVENTORY RESTS AT 441.871 MILLION OZ

OCT 19/WITH SILVER UP XXX CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV:. A /// /INVENTORY RESTS AT 444.529 MILLION OZ

OCT 18/WITH SILVER UP 11 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV:. A WITHDRAWAL OF 3.207 MILLLION OZ FROM THE SLV///// /.////INVENTORY RESTS AT 444.529 MILLION OZ

CLOSING INVENTORY 440.173 MILLION OZ//

PHYSICAL GOLD/SILVER COMMENTARIES

1:Peter Schiff/Mike Maharrey

Chinese Investors Turning To Gold

MONDAY, NOV 27, 2023 – 02:05 PM

Via SchiffGold.com,

Chinese investors are turning to gold.

China Daily called the demand for gold “robust” through the first three quarters of 2023 and said it is expected to continue “as economic and geopolitical uncertainties may drive up investors’ purchases of safe-haven assets.”

China ranks as the world’s biggest gold market, and Chinese demand has a significant impact on the global gold market.

Chinese demand for gold bars and gold coins came in at 82 tons in the third quarter, despite surging gold prices in yuan terms. It was a 16% increase year-on-year and the strongest Q3 Chinese gold investment demand since 2018. It was also above both the five-year and 10-year third-quarter averages.

Through the first nine months of 2023, investment gold demand was up 26% compared to 2022.

WGC CEO Wang Lixin told China Daily, “The rising interest in gold bars and coins was primarily driven by investors’ safe-haven demand, supported by global geopolitical instability and weak performance of investment products denominated in Chinese yuan.”

The spread between domestic and international gold prices was another reason behind the gold investment demand boom. On Sept 14, the single-day price difference reached a historic high of $121 per ounce.

Wang also mentioned central bank gold buying as a catalyst for investor demand in China.

Since the beginning of the year, the People’s Bank of China has increased its reserves by 181 tons, and it has added 232 tons since it resumed official purchases in November 2022. As of the end of September, China officially held 2,192 tons of gold, making up 4% of its total reserves.

Chinese investors have also put money into gold-backed ETFs. As a result, ETF gold holdings rose by 9.53 tons in the third quarter alone. Total gold holdings in China-based ETFs stand at around 57 tons.

China Daily reported a 12.2% increase in gold and silver jewelry sales through the first three quarters of 2023. According to the president of the Gems & Jewelry Trade Association of China, the increase in jewelry sales was nearly double the growth in the overall retail sector.

Wang told China Daily that the post-COVID economic recovery was a significant driver of the resurgence in domestic gold jewelry demand. He said pent-up demand for wedding jewelry since last year also provided a boost.

According to China Daily, jewelry exports have recovered to pre-pandemic levels, with the total value of precious jewelry exports reaching about 66.7 billion yuan in 2022. That represents an 18% increase compared to 2019. The overall export value of jewelry from January to June 2023 came in at 39.4 billion yuan, a 13.3% increase over the same period last year.

Overall, Chinese gold demand was up 7.3% year on year through the first nine months of 2023.

end

2,c) Commentaries from: Egon von Greyerz///Matthew Piepenburg via GoldSwitzerland.com, Pam and Russ Martens, John Rubino

I)https://lemetropolecafe.com/toulouse-lautrec_table.cfm?pid=18779

II)The Terminally Ill Greenback: A Relatively Strong Dollar Is Still a Weak Dollar

Matthew Piepenburg
November 25, 2023

Matterhorn Asset Management partner, Matthew Piepenburg discusses the future of the USD with Brent Johnson of Santiago Capital in this thoughtful “debate” hosted by Adam Taggart of Thoughtful Money.

As the author of the compelling “Milkshake Theory,” Brent Johnson is known for his logical argument that despite all of the USD’s extraordinary flaws, over-creation, and inflation-exporting “bully power,” its relative strength today and tomorrow is undeniable, and that a case for a stronger USD (DXY at 150?) is the most likely path forward.

Piepenburg and Johnson in fact agree on many of the primary forces (Euro Dollar demand, derivative market demand, SWIFT dominance etc.) in play which create a profound demand “tailwind” for the USD, and hence all but assure its relative strength over other fiat currencies. They further agree that gold will rise significantly in the coming years.

Where they disagree is the end-game for this world reserve super currency, which Piepenburg argues, will eventually grow too strong for even US policy makers, whose constant and increasingly addictive need to create more liquidity to monetize record-breaking debt levels, combat recession and improve its trade imbalance will necessitate a weaker USD in the end.

Johnson argues that if so much fake liquidity, which has already reached unprecedented levels, will eventually weaken the USD, then how can one explain the Dollar’s 25% rise from the days before QE even began some 15 years ago? Meanwhile Piepenburg asks where would interest rates be with a DXY at 140. Unfortunately, time prevented a full discussion of either question.

Piepenburg sees extreme and extraordinary QE (or YCC, more Swap lines, TGA “emptying”) and other synthetic “backdoor” liquidity measures (weakening the USD) as inevitable, short of a second Plaza Accord or an already IMF-telegraphed Bretton Woods 2.0 to further prevent a soaring USD.

Ultimately, Piepenburg argues that all debt-soaked regimes, without exception, debase their currency to save their “system,” while Johnson argues that the USD, with its unique world reserve currency status and extreme sources of external demand, will avoid a dramatic fall. In the end, however, both agree strongly that gold will be a key asset regardless of who wins the “DXY” debate.

Of course, 60+ minutes is never enough time to fully address all the salient questions and concerns raised here. For example, even if the USD (or DXY) were to spike to record new highs (Johnson), this ignores the far more salient issue of the Dollar’s inherent purchasing power, which has lost greater than 98% against gold since 1971.

In short, percentages, theories and data matter, but regardless of where the USD goes relative to other broken fiat currencies, its inherent purchasing power has been falling faster that its relative strength.

Perhaps in the next conversation, this key point can be more directly addressed. Meanwhile, as the debates continue, so too does the rise in gold.

END

THE FINANCIAL SYSTEM HAS REACHED THE END

Egon von Greyerz
November 27, 2023

EGON VON GREYERZ   COMMENTARY…

The world is now witnessing the end of a currency and financial system which the Chinese already forecast in 1971 after Nixon closed the gold window.

Again, remember von Mises words: “There is no means of avoiding the final collapse of a boom brought about by credit expansion.”

History tells us that we have now reached the point of no return.

So denying history at this point will not just be very costly but will lead to a total destruction of investors’ wealth.

POLITICIANS LIE WITHOUT FAIL

History never lies but politicians do without fail. In a fake system based on false values, lying is considered to be an essential part of political survival.

Let’s just look at Nixon’s ignorant and irresponsible statements of August 15, 1971 when he took away the gold backing of the dollar and thus all currencies.

Later on we will show how clear sighted the Chinese leaders were about the destiny of the US and its economy.

So there we have tricky Dick’s lies.

• The suspension of the convertibility of the dollar in 1971 is still in effect 52 years later.
• As the dollar has declined by almost 99% since 1971, the “strength of the economy” is also declining fast although using fiat money as the measure hides the truth.
• And now to the last lie: “Your dollar will be worth as much tomorrow”. Yes, you are almost right Dick!  It is still worth today a whole 1% of the value when you closed the gold window

The political system is clearly a farce. You have to lie to be elected and you have to lie to stay in power. That is what the gullible voters expect. The sad result is that they will always be cheated.

CHINA FORECAST THE CONSEQUENCES ALREADY IN 1971

So in 1971 after Nixon closed the gold window, China in its official news media the People’s Daily made the statements below:

Clearly the Chinese understood the consequences of the disastrous US decision which would destroy the Western currency system as they said:

• Seriousness of the US economic crisis and decay and decline of the capitalist system
• Mark the collapse of the monetary system with the US dollar as its prop
• Nixon’s policy cannot extricate the US from financial and economic crisis

I am quite certain that the US administration at the time ridiculed China’s official statement. As most Western governments, they showed their arrogance and complete ignorance of history.

How right the Chinese were.

But the road to perdition is not immediate and we have seen over 50 years the clear “decline of the capitalist system”. The end of the current system is unlikely to be far away.

Interestingly it seems that a Communist non-democratic system is much more clairvoyant than a so called Western democracy. There is clearly an advantage not always having to buy votes

IRRELEVANT WHICH CURRENCY WINS THE RACE TO THE BOTTOM

As the whole currency system is about to implode,  it is in my view totally irrelevant where the US dollar is heading short term measured against other fiat currencies.

The dilemma is that most “experts” use the Dollar Index (DXY) as the measure of the dollar’s strength or weaknessThis is like climbing the ladder of success only to find out that the ladder is leaning against the wrong building.

To measure the dollar against its partners in crime (the other fiat currencies) misses the point as they are all on the way to perdition.

So the dollar index measures the dollar against six fiat currencies: Euro, Pound, Yen, Canadian Dollar, Swedish Kroner and Swiss Franc. The Chinese Yuan shines in its absence even though China is the second biggest economy in the world.

But here is the crux. The dollar is in a race to the bottom with 6 other currencies.

Since Nixon closed the gold window in 1971 all 7 currencies, including the US dollar, have declined 97-99% in real terms.

Real terms means constant purchasing power.

And the only money which has maintained constant purchasing power for over 5,000 years is of course gold.

So let’s make it clear – the only money which has survived in history is GOLD!

All other currencies have without fail gone to ZERO and that without exception.

Voltaire said it already in 1729:

PAPER MONEY EVENTUALLY RETURNS TO ITS INTRINSIC VALUE – ZERO

And that has been the destiny of every currency throughout history.

Every single currency has without fail gone to ZERO. And this is where the dollar and its lackeys are heading.

To debate if a currency, which has fallen 98.2% in the last 52 years, is going to strengthen or weaken in the next year or two is really missing the point.

It is virtually 100% certain that the dollar and all fiat money will complete the cycle (which started in 1913 with the creation of the Fed) and fall the remaining 1-3% to ZERO.

But we must remember that the final fall involves a 100% loss of value from today.

BRENT JOHNSON & MATT PIEPENBURG DEBATE THE DOLLAR

So to debate whether the dollar index which today is 103, will reach 150 first as my good friend Brent Johnson argues in his Dollar Milk Shake Theory or that it will fall from here as my colleague Matt Piepenburg contends, really misses the point.

There is no prize for coming first to the bottom. The dollar is down almost 99% in real terms since 1971. So it has a bit over 1% to fall to reach ZERO.

And history tells us that the final fall is INEVITABLE

So why worry if the Dollar or the Euro becomes worthless first? It really is a mute point.

Brent Johnson and Matt Piepenburg recently had a debate on Adam Taggart’s new platform “Thoughtful Money”. Adam is an outstanding host with great speakers and both Brent and Matt were superb in their presentation of the arguments for or against the dollar. But even though they both like and understand gold, they got a bit too caught up in the dollar up or down debate rather than focusing on the only money which has survived in history. Still, I know that they both appreciate that gold is the ultimate money.

NOT ALL CURRENCIES ARE BAD

The world’s reserve currency has had a sad performance based on lies, poor real growth, all due to a mismanaged economy based on debt and printed money.

So although most currencies have lost 97-99% in real terms since 1971 there are shining exceptions.

When the gold window was closed in 1971 I was working in a Swiss bank in Geneva. At the time, one dollar cost Swiss Franc 4.30. Today, 52 years later, one dollar costs Swiss Franc 0.88!

This means that the dollar has declined 80% against the Swiss Franc since 1971.

So a country like Switzerland with virtually no deficits and a very low debt to GDP proves that a well managed economy with very low inflation doesn’t destroy its currency like most irresponsible governments.

The Swiss system of direct democracy and people power is totally unique and gives the people the right to have a referendum on almost any issue they choose.

This makes the people much more responsible in their choices as a winning vote on any issue becomes part of the constitution and cannot be changed by government or parliament. Only a new referendum can change such a decision.

THE US BANANA REPUBLIC

Swiss Debt to GDP is around 40%. This was the level of US debt back in 1971 before the gold window was closed.

As the graph below shows, US debt to GDP is now 132%. In 2000 it was 55%.

132% debt to GDP is the level of a Banana Republic which is frantically trying to survive by printing and borrowing ever increasing amounts of worthless fiat money.

So debt to GDP is now reaching the exponential phase. I have explained the final phases of exponential moves in many articles like here.

Since there is no intent or possibility to reduce the US deficit, the likely deficit for next fiscal year is most probably in excess of $2 trillion and that is before any bad news like higher inflation, higher interest rates, bank failures, more war, more QE etc.

As I discussed in a recent article, “THE CYCLE OF EVIL”, the world is today facing unprecedented risks of a magnitude never before seen in history.

THE TIME TO PRESERVE WEALTH IS NOW

The combination of geopolitical and financial risk makes wealth preservation an absolute necessity.

Most asset markets look extremely vulnerable be it stocks bond or property. Few investors understand that current asset prices are in cloud cuckoo land as a result of an unprecedented credit expansion.

Personally I think we are now at a point when asset markets could tank.

At the same time gold looks ready to soon break out of its consolidation since 2020.

Once gold leaves the $2,000 level behind, the move is likely to be fast.

Silver will most probably move twice as fast as gold.

But this is not a question of price and speculation. No, it is all about risk and wealth preservation.

So short term timing is irrelevant. The next few years will be about financial survival.

Sadly most investors will buy the dips in conventional asset markets like stocks and lose most of their gains in the last few decades.

As gold is insurance against a rotten financial system it must be acquired and owned outside a fragile banking system which is unlikely to survive in its present form.

Here are a few of the SINE QUA NON (indispensable conditions) for gold ownership:

• Gold must be held in physical form. No funds, ETFs or bank held gold
• The investor must have direct access to his own gold bars/coins
• Any counterparty must be eliminated whenever possible
• Gold must be stored in ultra safe vaults outside the banking system
• Gold should not be stored in a major city.
• Gold must be insured.
• Only gold that you are prepared to lose should be stored at home
• Gold should be stored outside your country of residence and in a gold friendly jurisdiction.
• The country where the gold is stored must have a long history of democracy, political stability and peace.  

As we are approaching one of the most precarious times in history both financially, socially, politically and geopolitically, Wealth Preservation in the form of gold and some silver will make the difference between financial survival or ruin.

As always, most important in life is looking after family and helping friends.

And remember that in the difficult times ahead there are many wonderful things that are free like nature, books, music, sports etc.

3. CHRIS POWELL//GATA GOLD COMMENTARIES:

end

4, OTHER IMPORTANT GOLD/SILVER COMMENTARIES/ L

5 a. IMPORTANT COMMENTARIES ON COMMODITIES:

END

5 B GLOBAL COMMODITY ISSUES/FOOD IN GENERAL//FREIGHT

END

6.CRYPTOCURRENCY//DIGITAL CURRENCY// COMMENTARIES/

end

1.YOUR EARLY CURRENCY VALUES/GOLD AND SILVER PRICING/ASIAN AND EUROPEAN BOURSE MOVEMENTS/AND INTEREST RATE SETTINGS MONDAY MORNING.7:30 AM

ONSHORE YUAN:   CLOSED UP AT 7.1529

OFFSHORE YUAN: UP TO 7.1617

SHANGHAI CLOSED  DOWN 9.27 PTS OR 0.30%

HANG SENG CLOSED DOWN 34.36 PTS OR 0.20%

2. Nikkei closed  DOWN 177.86PTS OR 0.53%

3. Europe stocks   SO FAR:   ALL MOSTLY RED 

USA dollar INDEX DOWN  TO  103.15 EURO RISES TO 1.0952 UP 19 BASIS PTS

3b Japan 10 YR bond yield: RISES TO. +.771 Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 148.86/JAPANESE YEN FALLING AS WELL AS LONG TERM 10  YR. YIELDS RISING //EVENTUALLY THIS WILL BREAK 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 UP /JAPANESE Yen UP  CHINESE ONSHORE YUAN: UP//  OFFSHORE: UP

3f Japan is to buy INFINITE  TRILLION YEN worth of BONDS. Japan’s GDP equals 5 trillion USA

Japan to buy 100% of all new Japanese debt and NOW they will have OVER 50% of all Japanese 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 +2.5890***/Italian 10 Yr bond yield DOWN to 4.311** /SPAIN 10 YR BOND YIELD DOWN TO 3.731…**

3i Greek 10 year bond yield DOWN TO 3.759

3j Gold at $2014.15 silver at: 24.72 1 am est) SILVER NEXT RESISTANCE LEVEL AT $30.00

3k USA vs Russian rouble;// Russian rouble DOWN 0  AND 9 /100        roubles/dollar; ROUBLE AT 88.69//

3m oil into the  74  dollar handle for WTI and 79  handle for Brent/

3n Higher foreign deposits moving out of China//  huge risk of outflows and a currency depreciation. This can spell financial disaster for the rest of the world/

JAPAN ON JAN 29.2016 CONTINUES NIRP. THIS MORNING RAISES AMOUNT OF BONDS THAT THEY WILL PURCHASE UP TO .5% ON THE 10 YR BOND///YEN TRADES TO 148,86//  10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 0.771% STILL ON CENTRAL BANK (JAPAN) INTERVENTION

30 SNB (Swiss National Bank) still intervening again in the markets driving down the FRANC. It is not working: USA/SF this 0.8800 as the Swiss Franc is still rising against most currencies. Euro vs SF:   0.9639 well above the floor set by the Swiss Finance Minister. Thomas Jordan, chief of the Swiss National Bank continues to purchase euros trying to lower value of the Swiss Franc.

USA 10 YR BOND YIELD: 4.463 DOWN 2 BASIS PTS…

USA 30 YR BOND YIELD: 4.596 DOWN 2 BASIS PTS/

USA 2 YR BOND YIELD:  4.948 DOWN 2 BASIS PTS

USA DOLLAR VS TURKISH LIRA: 28.91…(TURKEY SET TO BLOW UP FINANCIALLY)

GREAT BRITAIN/10 YEAR YIELD: DOWN 6  BASIS PTS AT 4.2895

end

2.a  Overnight:  Newsquawk and Zero hedge:

Futures Drop On China Weakness As Gold Soars To 6 Month High

MONDAY, NOV 27, 2023 – 08:21 AM

US equity futures and global markets are in the red, amid a broader risk-off tone to start the week as a renewed slowdown in China’s industrial profits growth dented sentiment in global financial markets, as they were seen as a sign of weak domestic demand and a reminder of the country’s economic slowdown. As of 7:35am, S&P and Nasdaq futures were both down 0.1%, off the worst levels of the session. 10-year TSY yields climbed as much as five basis points to 4.51%, the highest in more than a week, before reversing the entire move; gold climbed to the highest since May, rising over $2,100 while the dollar was little changed and bitcoin slumped under $37,000. Oil was down a fourth day before this week’s delayed OPEC+ meeting. Retail Sales numbers for Black Friday showing +2.5% YoY gain with online sales +7.5% to a record $9.8bn; this could be driven by discount/bargain hunting. Today we will get the October new home sales data, with economists expecting a decline after September’s surprise surge in sales volumes as higher mortgage rates and increased inventories of existing homes weigh on sales. The Dallas Fed manufacturing activity index is also due later for November.

In premarket trading, Foot Locker dropped 3% after the sports apparel retailer was downgraded to sell at Citi, which sees third-quarter earnings per share missing estimates. Here are some other notable premarket movers:

• Crown Castle gains 4% after a report that activist investor Elliott Investment Management plans to push for changes at the wireless tower owner.
• Shopify jumps 4% after the e-commerce company said merchants set a Black Friday record with a combined $4.1 billion in sales.
• GE HealthCare Technologies drops 3% as UBS gives the stock its only sell rating.

Today’s cautious start comes despite the VIX index falling belkow 13, its lowest level since January 2020, as markets have been buoyed by a growing assumption that further interest-rate hikes from the Fed and ECB are unlikely. In earnings due this week, Crowdstrike Holdings Inc. will underscore how businesses are prioritizing cybersecurity after recent high-profile corporate hacks, while Salesforce and Dell are expected to post slower sales growth as overall corporate expenditure tightens.

A slowdown in China’s industrial profit growth added to concern about deflation in the world’s second-largest economy. Fresh economic data this week will help traders gauge whether the gains for stocks and bonds seen so far this month can extend into December. Statistics include euro-zone inflation figures, China PMIs and US personal consumption numbers on Thursday, and US and euro-area PMIs on Friday.

“There’s not much fundamental reason for high market optimism,” said Ulrich Leuchtmann, head of currency strategy at Commerzbank AG. “A lot of clients I am talking to are getting more pessimistic about long-term growth prospects.”

Meanwhile, after the bounce back in Treasuries this month, many US debt watchers say the path is clearing for a real revival in the market. The Bloomberg US Treasury Index is showing a positive return for the year after spending chunks of 2023 underwater, helped by of slowing inflation and measured jobs growth.

In Europe the Stoxx 600 was down 0.1% as traders brace for inflation data due later in the week. Energy stocks are the worst performers, tracking losses in oil prices as Brent crude futures fall 1.8% to trade below $79.20. Real estate and telecom stocks are the biggest gainers, while energy and autos shares lag. BASF drops after a downgrade from Morgan Stanley while Bpost slumps after Belgian newspaper L’Echo reported the company is set to lose its newspaper and periodical delivery contracts. Turkish banks got a boost after Bank of America issued a broad buy reconmmendation on the group. Here are some of Monday’s biggest movers:

• Rightmove shares rise as much as 7% after the real estate portal said its revenue is tracking marginally ahead of expectations since July, helped by higher revenue by per advertiser. That’s despite a becalmed UK housing market, analysts noted. Its long-term revenue and profit guidance met analyst expectations.
• Elior shares rise as much as 7.7%, to the highest since July, after Deutsche Bank upgraded the French caterer to buy from hold, saying “the worst is probably over” and the focus is shifting to accretive growth and de-leveraging.
• Shaftesbury shares gain as much as 2.6% after the London landlord said customers reported sales in aggregate 12% above 2022 levels and 16% above 2019 levels in the period from July 1 to Nov. 15, according to a trading update.
• Turkish Banks’ shares surged the most in a month after Bank of America issued an across-the-board buy recommendation on major private-sector lenders, predicting they would benefit from the central bank’s pivot back to orthodox monetary policy.
• Julius Baer shares fall as much as 2.9% after the wealth manager said it is reviewing a lending business after confirming an exposure of 606 million Swiss francs to a single client.
• BASF shares fall as much as 2.9% after being cut to underweight from equal-weight at Morgan Stanley. The broker highlights a structural shift in the global chemicals cost curve that it says doesn’t appear to be fully discounted.
• BPost shares fell as much as 14% after L’Echo newspaper reported on Saturday that the company was set to lose its newspaper and periodicals delivery contracts.
• Frontier Developments shares sink as much as 24% after the UK video-game maker cut its revenue forecast for the fiscal year ending May next year, saying sales from a newly released real-time strategy game missed projections.
• Entain shares fall as much as 2.9% as Goldman says its buy rating on the Ladbrokes bookmaker parent was “wrong” and changes it to sell. Goldman is only sell-rated firm among 21 tracked by Bloomberg.

Earlier in the session, Asian stocks fell, led by declines in China after data showed profit growth at the nation’s industrial companies slowed, adding to concerns over the region’s largest economy. The MSCI Asia Pacific Index dropped 0.4%, with TSMC and Alibaba among the biggest drags. Stocks in Japan, Taiwan, Australia and Singapore also slipped. Markets in India and the Philippines were closed for holidays. China’s benchmark CSI 300 Index fell more than 1% after a report that industrial profit growth slowed for a second-straight month. The nation’s economy remains fragile despite continued measures from authorities to stimulate consumption and support the ailing real estate sector.

• Hang Seng and Shanghai Comp declined following soft Chinese Industrial Profits and amid shadow banking concerns after Chinese authorities opened a probe into struggling shadow bank Zhongzhi, while the PBoC’s notice to strengthen financial support for private companies did little to spur risk sentiment.
• Nikkei 225 wiped out its opening gains after hitting resistance just above the 33,800 level and as participants digested Japanese Services PPI which showed a slight acceleration.
• ASX 200 finished lower as weakness in the defensive and mining-related sectors overshadowed the gains in tech.

In FX, the Bloomberg Dollar Spot Index slipped 0.1%, edging closer to a 2 1/2-month low touched last week; USD/JPY fell as much as 0.4% amid month-end trading flows, with market participants citing possible month-end demand for yen from Japanese exporters.

In rates, treasuries were little changed; the 10-year yield was flat at 4.465% after edging up as much as 5bps higher to 4.51%, its highest in more than a week. US TSYs trailed bunds and gilts outperforming by 4bp and 2.5bp in the sector; curve spreads are also within 1bp of Friday close levels. Core European bonds outperform, led by gilts after dovish comments from BOE Governor Andrew Bailey, who said recent inflation figures were “very good news.” Main focal point of US session is supply as two coupon auctions are slated — 2-year and 5-year notes.  Compressed auction cycle begins with $54b 2-year note sale at 11:30am and $55b 5-year at 1pm; WI 2-year yield is around 4.910%, 14.5bp richer than last month’s, which stopped on the screws; WI 5-year at around 4.46% is ~44bp richer than previous.

In commodities, oil fell for a fourth day as traders looked ahead to this week’s delayed OPEC+ meeting. Gold closed above $2,000 an ounce on Friday, capping a second weekly gain and bolstering confidence that higher prices are justified. The metal has been lifted in the second half of November by weaker US economic data that added to expectations for early rate cuts by the Fed next year.  The narrative for iron ore keeps swinging between China property stimulus (bullish) and Beijing’s resolve to clamp down on speculation (bearish).

Today’s macro data focus is new home sales and Dallas Fed; later this week we receive consumer confidence, GDP/PCE, and ISM-Mfg.

Market Snapshot

• S&P 500 futures down 0.2% to 4,558.00
• STOXX Europe 600 down 0.2% to 458.86
• MXAP down 0.3% to 161.05
• MXAPJ down 0.3% to 501.89
• Nikkei down 0.5% to 33,447.67
• Topix down 0.4% to 2,381.76
• Hang Seng Index down 0.2% to 17,525.06
• Shanghai Composite down 0.3% to 3,031.70
• Sensex little changed at 65,970.04
• Australia S&P/ASX 200 down 0.8% to 6,987.64
• Kospi little changed at 2,495.66
• German 10Y yield little changed at 2.64%
• Euro little changed at $1.0947
• Brent Futures down 0.9% to $79.89/bbl
• Brent Futures down 0.9% to $79.89/bbl
• Gold spot up 0.7% to $2,015.01
• U.S. Dollar Index little changed at 103.33

Top Overnight News

• Taiwan’s presidential election coming up on Jan 13 risks reigniting tensions with China as opposition parties more friendly to Beijing fail to unite, clearing a path for the current pro-independence Democratic Progressive Party to stay in power. WaPo
• The Beijing Stock Exchange has de facto implemented a new policy that prevents major shareholders of companies listed on its bourse from selling stock, worried that such sales could douse a long-desired rally, three people familiar with the matter said. RTRS
• US and Germany are starting to place pressure on Ukraine to negotiate an end to the war with Russia based approximately on the current battlelines. London Times
• Russia launched its largest drone attack of the war in the early hours of Saturday morning, targeting Kyiv in what Ukrainian officials fear is the start of a winter campaign aimed at destroying the country’s energy infrastructure. FT
• OPEC+ is close to resolving a dispute over 2024 production quotas with certain African members, potentially paving the way for incremental action on curbing supply at the upcoming 11/30 meeting. RTRS
• Bank of England Governor Andrew Bailey suggested that interest-rate cuts are unlikely for the “foreseeable future” as he warned that the second half of the inflation battle will be “hard work.” BBG
• A healthcare hiring boom is helping offset weaker job growth in other areas of the softening U.S. economy, boosting its chances of skirting a recession. The industry could serve as a strong job generator for years to come as an aging population and Covid-19 fuel widespread worker shortages and greater needs for healthcare services. WSJ
• An upcoming sale of shares in OpenAI is set to test how much the past week’s leadership chaos has cost the company and its backers, though big investors are bullish about securing a high valuation. The employee stock sale, which had been planned before the sacking last week of chief executive Sam Altman and expected to value the company at $86bn, will continue as planned, according to two investors with direct knowledge of the matter. FT
• Mastercard said overall spending rose ~2.5% Y/Y (ex-autos) on Black Friday, with in-store up a bit more than 1% while online climbed 8.5% (the 8.5% online spending increase isn’t that far from the +7.5% number published by Adobe). CNN

A more detailed look at global markets courtesy of Newsquawk

APAC stocks declined heading into month-end and after newsflow over the weekend was mainly dominated by geopolitical headlines with a question mark hanging over whether the Israel-Hamas truce will be extended beyond the initial four-day agreement. ASX 200 finished lower as weakness in the defensive and mining-related sectors overshadowed the gains in tech. Nikkei 225 wiped out its opening gains after hitting resistance just above the 33,800 level and as participants digested Japanese Services PPI which showed a slight acceleration. Hang Seng and Shanghai Comp declined following soft Chinese Industrial Profits and amid shadow banking concerns after Chinese authorities opened a probe into struggling shadow bank Zhongzhi, while the PBoC’s notice to strengthen financial support for private companies did little to spur risk sentiment.

Top Asian News

• PBoC issued a notice to strengthen financial support for private companies and will encourage institutional investors to actively and scientifically allocate private companies business process modelling, development and support. PBoC said it is to support private enterprises in listing and financing, mergers and acquisitions and restructuring, while it also said to use monetary policy tools and fiscal subsidies to incentivise financial institutions to service private companies and will reasonably meet the financing needs of private property companies.
• China’s Global Times noted multiple central government departments pledged to support private enterprises’ growth and outlined 25 concrete measures to ensure their financing needs and bolster their technological innovations.
• Chinese authorities opened a probe into struggling shadow bank Zhongzhi after it recently warned of severe insolvency.
• Japanese Foreign Minister Kamikawa said they sought an immediate lifting of the Japanese maritime product ban by China in a meeting with Chinese Foreign Minister Wang and were able to have a meaningful exchange on common challenges such as climate change and North Korea. They also shared the common view that Japan and China should hold security talks in the near future, while it was also reported that China, Japan and South Korea agreed to boost ties and seek a summit, according to Reuters.
• Australia’s government will introduce a bill this week that would give the RBA’s independent expert members more responsibility for setting interest rates with a new specialist monetary policy board. Furthermore, the bill would implement the recommendations of the RBA review announced in April including switching to fewer meetings in a year and a dual mandate of price stability and full employment, according to Reuters. In relevant news, Australia named BoE’s Andrew Hauser as RBA Deputy Governor who is expected to start before the first RBA board meeting next year, according to Reuters.
• China to hold CCP Politburo meeting on November 27th, according to state media.
• Beijing Stock Exchange has reportedly de facto implemented a new policy preventing major shareholders of Cos from selling stock, via Reuters citing sources; amid concerns that sales could extinguish the desired rally.

European bourses are in the red, Euro Stoxx 50 -0.2%, with trade ultimately indecisive; whilst the FTSE 100 -0.3% underperforms amid energy action. Sectors are mixed, but with a clear negative tilt; Energy resides at the foot of the pile hampered by crude benchmarks while Telecoms outperform. Stateside, futures are subdued with clear underperformance in the Russell -0.5% vs. -0.1% in the ES & NQ. Black Friday US online sales rose 7.5% Y/Y to USD 9.8bln, while shopper traffic to physical stores rose 2%-5% Y/Y, according to CNBC citing Adobe Analytics. Online sales are boosted by demand for electronics, smartwatches, TVs and audio equipment, according to Bloomberg; UK Retail footfall +7.9% W/W in Black Friday week, +2.0% Y/Y, via MRI Software. Deutsche Bank sees the S&P500 ending 2024 at 5,100 (vs Friday’s close of 4,559.34).

Top European News

• UK PM Sunak reportedly eyes more tax cuts in spring as he weighs the UK election date, while he also stated in an interview that claims the UK is headed for austerity are unfounded, according to Bloomberg.
• UK PM Sunak is to highlight almost GBP 30bln of investment pledges by international companies at the Global Investment Summit on Monday which will create thousands of jobs across the UK in the most innovative sectors, including tech, life sciences, renewables, housing and infrastructure, according to the UK government website.
• UK Lords’ economic affairs committee is advocating for a revision in the accountability mechanisms for the BoE, according to the Times. This call for change is driven by the significant expansion in the Bank’s powers and objectives since it gained operational independence 25 years ago.
• National Infrastructure Commission chair Armitt warned that UK PM Sunak’s funding plan to get private developers to fund an expensive tunnel under London to connect the HS2 line to Euston is set to fail and that the government needs to be ready to fund the core civil engineering for the final miles of the project, according to FT.
• ECB’s Nagel called on the German government to resolve the budget situation and create budget clarity soon, according to Bloomberg. Nagel also said the ECB’s rates were slowing inflation but added that inflation is not yet back down to a level where they want it.
• EU’s commissioner for jobs and social rights Schmit said EU consumers will have to pay higher prices to cover the costs to provide better rights for gig workers but added that price increases will not kill the industry’s business model, according to FT.
• BoE Governor Bailey says a lot of the recent fall of inflation is due to the unwinding of energy cost surge, according to ChronicleLive; getting inflation back down to 2% will be hard work.

FX

• Greenback remains top heavy, but DXY derives some support from firmer US Treasury yields within a 103.22-53 range.
• Loonie undermined by renewed weakness in oil as USD/CAD climbs from 1.3623 to 1.3661.
• Aussie probes 200-DMA vs Buck and touches 0.6600 on hawkish RBA vibes, Sterling regains 1.2600+ status after another pushback against rate cuts by BoE Governor Bailey.
• Euro consolidates gains on 1.0900 handle and Yen pares declines from 149.67 in the wake of a pick-up in Japanese producer prices.
• PBoC set USD/CNY mid-point at 7.1159 vs exp. 7.1461 (prev. 7.1151).

Fixed Income

• Bonds regain recovery momentum after a pull-back and bout of consolidation.
• Bunds pick up the baton from Gilts within 130.56-16 and 95.90-39 respective ranges.
• T-note lags between 108-14/06 parameters ahead of front-loaded refunding auctions, US new home sales data and the Dallas Fed Manufacturing Business Index.
• German gov’t spokesperson expects the Cabinet to agree on a supplementary 2023 budget this afternoon.

Commodities

• Crude benchmarks continue to slump, with light newsflow unable to change sentiment; Energy Intel’s Bakr reports African states have not reached a resolution yet with regards to their baselines ahead of the OPEC+ meeting on Thursday.
• WTI & Brent Jan’24 are under marked pressure, at session lows of USD 74.07/bbl and USD 79.13/bbl respectively.
• Base Metals are mixed with overall sentiment tentative, whilst Precious Metals remain propped up, with spot Gold holding above the USD 2000/oz level.
• Iraq’s Oil Ministry said UAE-based Crescent Petroleum won the rights to two oil fields in the country’s 5th oil and gas leasing round, while another company won rights to the Howaiza oil field, according to Reuters.
• African states have not reached a resolution yet with regards to their baselines and the OPEC+ meeting is still due to take place on November 30th, according to Energy Intel’s Bakr.
• Panama’s Trade Ministry said Canada’s First Quantum sent notifications of intent to begin arbitration proceedings amid protests demanding to scrap the miner’s contract to run a key mine.
• China’s State Planner conducts a survey on price indices for steel and iron ore.

Geopolitics

• Israeli authorities released 39 Palestinian prisoners including 6 women and 33 children as part of the exchange deal with Hamas and Hamas released 17 hostages on Saturday, while it was also reported that more Palestinians were released from Israeli prisons and that Hamas released another 17 captives including 14 Israeli civilians on Sunday which took the total number of prisoners released by Israel to 117 and the total number of captives released by Hamas to 58.
• The release of hostages was reportedly delayed by seven hours on Saturday after allegations from Hamas including that Israel was not allowing humanitarian aid to reach parts of northern Gaza, while it was separately reported that Israeli media quoted an unnamed security source on Saturday that had warned the military offensive in Gaza would resume unless hostages were released by midnight.
• Israeli PM Netanyahu spoke with US President Biden and told him Israel will resume the Gaza operation in full force at the end of the truce but would welcome extending the truce if it facilitated the release of ten additional hostages daily, according to Reuters.
• Hamas announced in a statement on Sunday that it is seeking to extend the truce with Israel if there are serious efforts made to increase the number of Palestinian detainees released from Israel, according to Reuters.
• Hamas armed wing said on Sunday that 4 of its leaders were killed including the commander of the North Gaza brigade. It was separately reported that the Palestinian Red Crescent said a Palestinian farmer was killed and another was injured on Sunday after they were targeted by Israeli forces in the Maghazi refugee camp in Gaza, while the Palestinian health ministry said two Palestinians were killed by Israeli occupation forces in Nablus and Jenin early on Sunday.
• US President Biden said a 4-year-old American hostage was released by Hamas and they expect additional Americans to be released by Hamas but do not have firm news, while he noted that his goal is to keep the pause in fighting going beyond Monday.
• US Secretary of State Blinken held a call with Egypt’s Foreign Minister to discuss obstacles threatening Israel’s truce with Hamas and ways to reach a comprehensive ceasefire, according to a statement by Egypt’s foreign ministry cited by Reuters.
• Qatar’s PM said Hamas must locate dozens of more hostages held in Gaza by civilians and gangs to extend the truce, according to FT.
• Turkish President Erdogan and Iranian President Raisi discussed in a phone call the importance of taking a stance against Israeli brutality in Palestinian territories, according to Reuters.
• Syria’s army said air defences intercepted Israeli missiles flying from Golan Heights which put Damascus Airport out of service, according to Reuters.
• Unidentified armed individuals have seized an Israeli-linked tanker carrying a cargo of phosphoric acid in the Gulf of Aden on Sunday, according to Reuters citing the vessel management company and a US official. It was later reported that a US warship responded to a distress call from a chemical tanker taken in the Middle East and the tanker is now safe, while Houthis reportedly fired two ballistic missiles at a US destroyer on Sunday evening which failed to hit the target following the US Navy rescue of the Israeli-linked tanker.
• Israeli PM Netanyahu’s office confirms receipt of the list of detainees held by Hamas to be released in the fourth batch; notes of major problems in the list of those scheduled to be released and intensive negotiations to change it, Al Arabiya reports. Subsequently, Israel is waiting for Hamas’ response to extend the truce for two days in exchange for the release of 20 Israelis, via Al Arabiya.
• “The Israeli army opened fire east of the Maghazi refugee camp in the central Gaza Strip”, according to Al Arabiya (Translated via Google);

US Event Calendar

• 10:00: Oct. New Home Sales MoM, est. -4.7%, prior 12.3%
• 10:00: Oct. New Home Sales, est. 723,000, prior 759,000
• 10:30: Nov. Dallas Fed Manf. Activity, est. -16.0, prior -19.2

DB’s Jim Reid concludes the overnight wrap

I went out to play golf yesterday and came back to find the house fully decorated for Xmas. A bit early but we’re off skiing in only 2 and a half weeks. I also learnt that a fortune has been spent on a new posh huge artificial tree. I’ve been told that over the long-run it will be more economical. I’ve entered it all into a spreadsheet and I think the break even point is 2033! My best hope of an earlier breakeven is a burst of tree hyperinflation.

From 2033 to 2024, and this morning we’ve just published our 2024 World Outlook entitled “The Race Against Time…”. See it here. Over the last 2-3 years we’ve had a fairly consistent macro narrative, viewing this as a classic policy-led boom-bust cycle that would culminate in a US recession towards the end of 2023. We think our narrative still holds even if the exact timing is more uncertain. Monetary policy famously operates with lags which are highly uncertain in their timing and impact. A US recession before this point would have been early historically relative to the start of the hiking cycle. T he race against time narrative refers to the fact that funding has dried up or tightened considerably over the last couple of years for various parts of economies as rates have risen. Can lending standards loosen, and can yields fall, quickly enough to avoid a funding accident that could see contagion? Non-linearity risk that can turn a mild downturn into a deeper recession remains high .

We expect global growth at 2.4% in 2024 (from 3.2% in 2023), with 2.5% generally seen as the upper bound of being deemed to be in a global recession. Even this pace of global growth relies heavily on the EM world with India (+6.0%) and China (+4.7%) big contributors. The lag of policy will help trigger a mild US recession in H1 2024 with 175bps of Fed cuts and 0.6% GDP expected in 2024. The Euro Area is on course for nearly two years of stagnation by mid-2024 when the recovery slowly starts (2024 GDP of 0.2%). The ECB will likely cut 100bps from June to YE 2024. Germany’s 2024 growth has been downgraded around half a percent to -0.2% in the week of this publication due to the Constitutional Court hearing. We also have all our 2024 asset class forecasts updated in the doc.

While our economic forecasts for the DM world suggest a sober outlook at best, the next 12 months could see more evidence that AI will revolutionise productivity growth later this decade. So the medium-term future looks more promising than it has done for some time. So try to remember that as the world flirts with recession in 2024.

This week has a few data points that will sharpen the forecasts further for economists especially in the US where the personal income and spending data (Thursday) will include the all i mportant core PCE which is of course the Fed’s preferred measure of inflation. Elsewhere in the US the highlights are the second reading of Q3 GDP on Wednesday, the ISM manufacturing and Auto Sales (Friday), and Chicago PMI (Thursday). There’s also a 2 and 5yr auction today and a 7yr equivalent tomorrow. Supply has been a big mover in recent weeks in both directions so although this is relatively short duration it will give some idea of demand, something that will be consistently needed over the next few months and quarters. In Europe, all eyes will be on the preliminary CPI reports for November on Wednesday and Thursday. There will also be labour market data across key economies in the region on Thursday, and a few sentiment gauges, including consumer confidence indices for Germany and France (tomorrow), as well as the final manufacturing PMIs on Friday.

In China, the most important releases will be the November PMIs on Thursday as well as the Caixin manufacturing gauge on Friday after the October prints disappointed. Consensus only expects a slight pick up. It’s a busy week in Japan with various labour market and economic activity gauges that you can see in the day-by-day calendar at the end as usual.

Central bank speakers include Fed Chair Powell (Friday), ECB President Lagarde (today) and BoE Governor Bailey (Wednesday). More are noted in the day-by-day calendar.

Elsewhere the delayed OPEC+ meeting that was expected yesterday is now planned for Thursday. That follows oil price volatility in recent weeks with Brent crude currently hovering near $80.5/bbl, down from nearly $97/bbl at the end of September. Also on Thursday, COP28 will kick off in Dubai, lasting a couple of weeks. So expect plenty of climate headlines.

Finally expect more reports of how Black Friday and Cyber Monday went in terms of US retail sales. So far for Black Friday, Mastercard have said sales (ex-autos) were ‘only’ up +2.5% YoY but split +1.1% for in-store and +8.5% for online. Adobe have confirmed the online sales momentum by suggesting they were up +7.5% and at a record. The only thing i would say is that I’ve been receiving so many pre-Black Friday emails alerting me to early -60% discounts here and -40% discounts there. So I suspect these sales are happening earlier than they use to so you probably have to look at sales across a longer period now.

Asian equity markets are largely lower at the start of the week with the CSI 300 (-1.20%) leading losses followed by the Hang Seng (-0.99%) and the Shanghai Composite (-0.76%) driven by weakness in China’s property stocks. In addition, Chinese industrial profits decreased -7.8% in the January-to-October period from a -9.0% decline in September. The YoY number fell to +2.7% from +11.9% previously. This was probably a bit disappointing given the base effects were impacted by Covid a year ago.

Elsewhere, the Nikkei (-0.51%) and KOSPI (-0.20%) are also lower alongside S&P 500 (-0.28%) and NASDAQ 100 (-0.45%) futures. Yields on 10yr USTs (+2.7bps) have moved higher, trading at 4.495% as I type. Finally in terms of Asia data, Japan’s services PPI hit a 45-month high of 2.3% y/y in October (v/s +2.1% expected) after a downwardly revised rate of +2.0% the previous month.

Looking back at last week now and markets continued their strong performance with risk assets advancing across the board. In fact, a global 60:40 portfolio of equities and bonds is on track for its best monthly performance in three years since we got the positive vaccine news in November 2020. And on Friday we even saw the VIX index of volatility close at a post-pandemic low of 12.46pts, which gives you a sense of how buoyant markets are right now.

In several respects it was a quiet week, with US markets closed on Thursday for the Thanksgiving holiday, followed by a half-day on Friday. But there was no sign of the more positive sentiment abating, with the S&P 500 up +1.00% (+0.06% Friday) to a 3-month high, whilst the STOXX 600 was up +0.91% (+0.33% Friday) to a 2-month high. Likewise in credit, US HY spreads tightened for a 5th week running, falling -14bps (-5bps Friday) to 375bps. Meanwhile in Europe, the iTraxx crossover index fell -12.2bps (-0.4bps Friday) to its tightest level since April 2022 .

The boost in risk appetite meant that the sovereign bond rally stumbled by the end of last week, with investors growing a bit more doubtful about the prospect of near-term rate cuts. That wasn’t helped by the latest US data prints, with the University of Michigan’s indicator of long-term inflation expectations remaining at a 12-year high of 3.2% on the final numbers for November. That doubt about rate cuts was then given further support on Friday from the US flash PMIs, with the composite reading for November remaining at 50.7 (vs. 50.4 expected). Alongside that, central bankers themselves continued to push back on the chance of easier policy anytime soon, and markets lowered the chance of a Fed rate cut by May from 77% to 51% over the week .

Against this backdrop, US Treasury yields moved higher last week, with the 10yr yield up +3.1bps (+6.2bps Friday) to 4.47%. There was a similar selloff in Europe too, with yields on 10yr bunds up +5.6bps (+2.5bps Friday) to 2.64%, whilst 10yr gilts saw a sizeable +17.9bps move (+2.7bps Friday) to 4.28%. That followed a fiscal easing from the UK government in the Autumn statement, an upside surprise in the flash PMIs, and then a stronger-than-expected reading on Friday in the GfK’s consumer confidence data. Meanwhile in Germany, the Ifo’s business climate indicator for November came in at a 4-month high of 87.3 (vs. 87.5 expected). However the shock of the Constitutional Court ruling last week will likely impact this going forward and as we saw at the top, this has led our economists to downgrade growth 0.5pp for 2024 versus their thoughts prior to this.

Finally, in commodities, oil lost ground for a 5th consecutive week, with Brent crude down -0.04% (-1.03% Friday) to $80.58/bbl. That comes ahead of this week’s meeting of the OPEC+ group, which is now set to happen on Thursday as discussed above. WTI also lost ground, falling -0.46% (-2.02% Friday) to $75.54/bbl.

2 B) NOW NEWSQUAWK (EUROPE/REPORT)

Equities subdued in catalyst-thin trade, USD weaker & Crude slumps; ECB’s Lagarde due – Newsquawk US Market Open

MONDAY, NOV 27, 2023 – 06:11 AM

• European bourses & US futures are in the red with newsflow focused on geopols and any extension to the Israel-Hamas truce.
• Black Friday US online sales rose 7.5% Y/Y to USD 9.8bln, while shopper traffic to physical stores rose 2% -5% Y/Y, according to CNBC citing Adobe Analytics.
• USD remains heavy with initial support from yields also fading, CAD lags given crude.
• Crude continues to slump; latest reports suggest African states are yet to come to a baseline resolution.
• Looking ahead highlights include US Building Permits, Dallas Fed Manufacturing Business Index, ECB’s Lagarde & Supply from the US.

More Newsquawk in 3 steps:

1. Subscribe to the free premarket movers reports

2. Listen to this report in the market open podcast (available on Apple and Spotify)

3. Trial Newsquawk’s premium real-time audio news squawk box for 7 days

EUROPEAN TRADE

EQUITIES

• European bourses are in the red, Euro Stoxx 50 -0.2%, with trade ultimately indecisive; whilst the FTSE 100 -0.3% underperforms amid energy action.
• Sectors are mixed, but with a clear negative tilt; Energy resides at the foot of the pile hampered by crude benchmarks while Telecoms outperform.
• Stateside, futures are subdued with clear underperformance in the Russell -0.5% vs. -0.1% in the ES & NQ.
• Black Friday US online sales rose 7.5% Y/Y to USD 9.8bln, while shopper traffic to physical stores rose 2%-5% Y/Y, according to CNBC citing Adobe Analytics. Online sales are boosted by demand for electronics, smartwatches, TVs and audio equipment, according to Bloomberg; UK Retail footfall +7.9% W/W in Black Friday week, +2.0% Y/Y, via MRI Software.
• Deutsche Bank sees the S&P500 ending 2024 at 5,100 (vs Friday’s close of 4,559.34).
• Click here and here for the sessions European pre-market equity newsflow, including earnings.
• Click here for more details.

FX

• Greenback remains top heavy, but DXY derives some support from firmer US Treasury yields within a 103.22-53 range.
• Loonie undermined by renewed weakness in oil as USD/CAD climbs from 1.3623 to 1.3661.
• Aussie probes 200-DMA vs Buck and touches 0.6600 on hawkish RBA vibes, Sterling regains 1.2600+ status after another pushback against rate cuts by BoE Governor Bailey.
• Euro consolidates gains on 1.0900 handle and Yen pares declines from 149.67 in the wake of a pick-up in Japanese producer prices.
• PBoC set USD/CNY mid-point at 7.1159 vs exp. 7.1461 (prev. 7.1151).
• Click here for more details.
• Click here for the Option Expires for the NY Cut.

FIXED INCOME

• Bonds regain recovery momentum after a pull-back and bout of consolidation.
• Bunds pick up the baton from Gilts within 130.56-16 and 95.90-39 respective ranges.
• T-note lags between 108-14/06 parameters ahead of front-loaded refunding auctions, US new home sales data and the Dallas Fed Manufacturing Business Index.
• German gov’t spokesperson expects the Cabinet to agree on a supplementary 2023 budget this afternoon.
• Click here for more details.

COMMODITIES

• Crude benchmarks continue to slump, with light newsflow unable to change sentiment; Energy Intel’s Bakr reports African states have not reached a resolution yet with regards to their baselines ahead of the OPEC+ meeting on Thursday.
• WTI & Brent Jan’24 are under marked pressure, at session lows of USD 74.07/bbl and USD 79.13/bbl respectively.
• Base Metals are mixed with overall sentiment tentative, whilst Precious Metals remain propped up, with spot Gold holding above the USD 2000/oz level.
• Iraq’s Oil Ministry said UAE-based Crescent Petroleum won the rights to two oil fields in the country’s 5th oil and gas leasing round, while another company won rights to the Howaiza oil field, according to Reuters.
• African states have not reached a resolution yet with regards to their baselines and the OPEC+ meeting is still due to take place on November 30th, according to Energy Intel’s Bakr.
• Panama’s Trade Ministry said Canada’s First Quantum sent notifications of intent to begin arbitration proceedings amid protests demanding to scrap the miner’s contract to run a key mine.
• China’s State Planner conducts a survey on price indices for steel and iron ore.
• Click here for more details.

NOTABLE HEADLINES

• UK PM Sunak reportedly eyes more tax cuts in spring as he weighs the UK election date, while he also stated in an interview that claims the UK is headed for austerity are unfounded, according to Bloomberg.
• UK PM Sunak is to highlight almost GBP 30bln of investment pledges by international companies at the Global Investment Summit on Monday which will create thousands of jobs across the UK in the most innovative sectors, including tech, life sciences, renewables, housing and infrastructure, according to the UK government website.
• UK Lords’ economic affairs committee is advocating for a revision in the accountability mechanisms for the BoE, according to the Times. This call for change is driven by the significant expansion in the Bank’s powers and objectives since it gained operational independence 25 years ago.
• National Infrastructure Commission chair Armitt warned that UK PM Sunak’s funding plan to get private developers to fund an expensive tunnel under London to connect the HS2 line to Euston is set to fail and that the government needs to be ready to fund the core civil engineering for the final miles of the project, according to FT.
• ECB’s Nagel called on the German government to resolve the budget situation and create budget clarity soon, according to Bloomberg. Nagel also said the ECB’s rates were slowing inflation but added that inflation is not yet back down to a level where they want it.
• EU’s commissioner for jobs and social rights Schmit said EU consumers will have to pay higher prices to cover the costs to provide better rights for gig workers but added that price increases will not kill the industry’s business model, according to FT.
• BoE Governor Bailey says a lot of the recent fall of inflation is due to the unwinding of energy cost surge, according to ChronicleLive; getting inflation back down to 2% will be hard work.

NOTABLE US HEADLINES

• US President Biden is to skip the UN Climate Summit in Dubai, according to NYT.
• Black Friday US online sales rose 7.5% Y/Y to USD 9.8bln, while shopper traffic to physical stores rose 2%-5% Y/Y, according to CNBC citing Adobe Analytics. Online sales boosted by demand for electronics, smartwatches, TVs and audio equipment, according to Bloomberg.
• Russia placed Meta (META) spokesperson Andy Stone on a wanted list on unspecified charges, according to TASS.
• Punchbowl has been told that the formal US NDAA conference will be held this week, and the compromise bill could be filed as soon as next week.
• Click here for the US Early Morning Note.

GEOPOLITICS

ISRAEL/HAMAS/MIDDLE EAST

• Israeli authorities released 39 Palestinian prisoners including 6 women and 33 children as part of the exchange deal with Hamas and Hamas released 17 hostages on Saturday, while it was also reported that more Palestinians were released from Israeli prisons and that Hamas released another 17 captives including 14 Israeli civilians on Sunday which took the total number of prisoners released by Israel to 117 and the total number of captives released by Hamas to 58.
• The release of hostages was reportedly delayed by seven hours on Saturday after allegations from Hamas including that Israel was not allowing humanitarian aid to reach parts of northern Gaza, while it was separately reported that Israeli media quoted an unnamed security source on Saturday that had warned the military offensive in Gaza would resume unless hostages were released by midnight.
• Israeli PM Netanyahu spoke with US President Biden and told him Israel will resume the Gaza operation in full force at the end of the truce but would welcome extending the truce if it facilitated the release of ten additional hostages daily, according to Reuters.
• Hamas announced in a statement on Sunday that it is seeking to extend the truce with Israel if there are serious efforts made to increase the number of Palestinian detainees released from Israel, according to Reuters.
• Hamas armed wing said on Sunday that 4 of its leaders were killed including the commander of the North Gaza brigade. It was separately reported that the Palestinian Red Crescent said a Palestinian farmer was killed and another was injured on Sunday after they were targeted by Israeli forces in the Maghazi refugee camp in Gaza, while the Palestinian health ministry said two Palestinians were killed by Israeli occupation forces in Nablus and Jenin early on Sunday.
• US President Biden said a 4-year-old American hostage was released by Hamas and they expect additional Americans to be released by Hamas but do not have firm news, while he noted that his goal is to keep the pause in fighting going beyond Monday.
• US Secretary of State Blinken held a call with Egypt’s Foreign Minister to discuss obstacles threatening Israel’s truce with Hamas and ways to reach a comprehensive ceasefire, according to a statement by Egypt’s foreign ministry cited by Reuters.
• Qatar’s PM said Hamas must locate dozens of more hostages held in Gaza by civilians and gangs to extend the truce, according to FT.
• Turkish President Erdogan and Iranian President Raisi discussed in a phone call the importance of taking a stance against Israeli brutality in Palestinian territories, according to Reuters.
• Syria’s army said air defences intercepted Israeli missiles flying from Golan Heights which put Damascus Airport out of service, according to Reuters.
• Unidentified armed individuals have seized an Israeli-linked tanker carrying a cargo of phosphoric acid in the Gulf of Aden on Sunday, according to Reuters citing the vessel management company and a US official. It was later reported that a US warship responded to a distress call from a chemical tanker taken in the Middle East and the tanker is now safe, while Houthis reportedly fired two ballistic missiles at a US destroyer on Sunday evening which failed to hit the target following the US Navy rescue of the Israeli-linked tanker.
• Israeli PM Netanyahu’s office confirms receipt of the list of detainees held by Hamas to be released in the fourth batch; notes of major problems in the list of those scheduled to be released and intensive negotiations to change it, Al Arabiya reports. Subsequently, Israel is waiting for Hamas’ response to extend the truce for two days in exchange for the release of 20 Israelis, via Al Arabiya.
• “The Israeli army opened fire east of the Maghazi refugee camp in the central Gaza Strip”, according to Al Arabiya (Translated via Google); Looking out for further sources/clarity (reported at 09:58GMT/04:58EST)

OTHER

• Ukraine’s air force said on Saturday morning that Russia had launched the biggest Shahed drone attack of the war which was primarily targeted at Kyiv and was mostly shot down, according to Reuters. It was also reported that Russia claimed it repelled a wave of Ukrainian drone and missile strikes on Sunday, according to FT.
• North Korea deployed soldiers and heavy weapons at the border following the suspension of the military agreement with South Korea, while South Korean President Yoon said they will maintain a readiness posture and monitor North Korea’s activities near the border.
• North Korean leader Kim inspected satellite photos of target areas in South Korea including photos of USS Carl Vinson and military bases, according to KCNA.

CRYPTO

• Bitcoin is holding just above the USD 37k mark in slim sub-1k parameters with specifics light on the return from Thanksgiving going into an equal sparse US docket to begin the week.

APAC TRADE

• APAC stocks declined heading into month-end and after newsflow over the weekend was mainly dominated by geopolitical headlines with a question mark hanging over whether the Israel-Hamas truce will be extended beyond the initial four-day agreement.
• ASX 200 finished lower as weakness in the defensive and mining-related sectors overshadowed the gains in tech.
• Nikkei 225 wiped out its opening gains after hitting resistance just above the 33,800 level and as participants digested Japanese Services PPI which showed a slight acceleration.
• Hang Seng and Shanghai Comp declined following soft Chinese Industrial Profits and amid shadow banking concerns after Chinese authorities opened a probe into struggling shadow bank Zhongzhi, while the PBoC’s notice to strengthen financial support for private companies did little to spur risk sentiment.

NOTABLE HEADLINES

• PBoC issued a notice to strengthen financial support for private companies and will encourage institutional investors to actively and scientifically allocate private companies business process modelling, development and support. PBoC said it is to support private enterprises in listing and financing, mergers and acquisitions and restructuring, while it also said to use monetary policy tools and fiscal subsidies to incentivise financial institutions to service private companies and will reasonably meet the financing needs of private property companies.
• China’s Global Times noted multiple central government departments pledged to support private enterprises’ growth and outlined 25 concrete measures to ensure their financing needs and bolster their technological innovations.
• Chinese authorities opened a probe into struggling shadow bank Zhongzhi after it recently warned of severe insolvency.
• Japanese Foreign Minister Kamikawa said they sought an immediate lifting of the Japanese maritime product ban by China in a meeting with Chinese Foreign Minister Wang and were able to have a meaningful exchange on common challenges such as climate change and North Korea. They also shared the common view that Japan and China should hold security talks in the near future, while it was also reported that China, Japan and South Korea agreed to boost ties and seek a summit, according to Reuters.
• Australia’s government will introduce a bill this week that would give the RBA’s independent expert members more responsibility for setting interest rates with a new specialist monetary policy board. Furthermore, the bill would implement the recommendations of the RBA review announced in April including switching to fewer meetings in a year and a dual mandate of price stability and full employment, according to Reuters. In relevant news, Australia named BoE’s Andrew Hauser as RBA Deputy Governor who is expected to start before the first RBA board meeting next year, according to Reuters.
• China to hold CCP Politburo meeting on November 27th, according to state media.
• Beijing Stock Exchange has reportedly de facto implemented a new policy preventing major shareholders of Cos from selling stock, via Reuters citing sources; amid concerns that sales could extinguish the desired rally.

DATA RECAP

• Chinese Industrial Profits YY (Oct) 2.7% (Prev. 11.9%); YTD (Oct) -7.8% (Prev. -9.0%)
• Japanese PPI Services YY (Oct) 2.3% (Prev. 2.1%, Rev. 2.0%)

MONDAY MORNING/SUNDAY  NIGHT

SHANGHAI CLOSED DOWN 9.27 PTS OR 0.30%  //Hang Seng CLOSED DOWN 34,36 PTS OR 0.20%           /The Nikkei CLOSED DOWN 177,86 PTS OR 0.53% //Australia’s all ordinaries CLOSED DOWN .21 %   /Chinese yuan (ONSHORE) closed UP AT 7.1529   /OFFSHORE CHINESE YUAN CLOSED UP TO 7.1617 /Oil UP TO 74.83 dollars per barrel for WTI and BRENT  DOWN AT 79,89/ Stocks in Europe OPENED MOSTLY RED// ONSHORE YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN  TRADING STRONGER AGAINST US DOLLAR/OFFSHORE STRONGER

2 d./NORTH KOREA/ SOUTH KOREA/
//

NORTH KOREA/

END

2e) JAPAN

end

3 CHINA

END

4.EUROPEAN AFFAIRS//UK /SCANDINAVIAN AFFAIRS

SWITZERLAND/USA/UBS

ROBERT H TO US ON THIS BIG STORY!!

Hal Turner Radio Show – PROOF: DTCC **DID** DELETE UBS BOND CUSIP NUMBER(S)

There is some deal made between the Bank and the Federal Reserve to do this.
No one will trust any bond on DTCC as any bond can be eliminated .
This makes all bonds suspect well beyond the ability of a borrower. Who now will trust any such debt obligation?
What if auditors ask for a risk clause on all such similar bonds ? Would this not cause a auditor to insert a clause in a Bank audit that states such bonds are subject to a precedent risk to avoid future litigation? And would not a rating agency do something similar by reclassification of risk?
Or better still why would anyone buy a such a bond from any one and be certain of payment?
Expect grave bank volatility next year because banks will have to rethink counter party risk analysis and provide for this. And no longer can any lender accept such an issued bond and certain payment for lending or collateral. Banks will be forced now to address all loans against such bonds where they have given loans to clients. And this will cause a liquidity crisis next year as a result.
These fools have no idea of what they have unleashed. And you wonder why liquidity is drying up and banks are fearful of lending where there is any risk ? Banks, reinsurers etc all face a liquidity crisis next year.

PROOF: DTCC **DID** DELETE UBS BOND CUSIP NUMBER(S)

https://halturnerradioshow.com/index.php/en/news-page/world/proof-dtcc-did-delete-ubs-bond-cusip-number-s

Earlier this week, I reported that UBS Bank Failed-to-Deliver Bonds on Nov. 22, and that the Depository Trust and Clearing Corporation (DTCC) DELETED the CUSIP numbers for those Bonds.  No CUSIP Number means No Bond.   No Bond means no payment to the Bondholders.  Today, I got proof.

I am able to now report that at least one DELETED CUSIP NUMBER is: 

90301Q349

The Internal memo below, from inside the DTCC proves the deletion and warns staff to ” . . . disregard any Receive and Deliver instructions . . .”

So if the Bondholder wants to Receive or Settle and get paid, it appears he cannot because Staff were told, in writing, to “disregard any Receive and Deliver instructions.”

Here’s the internal DTCC Memo:

As mentioned in previous articles about this (HERE) UBS is the largest bank in Switzerland, and has offices in countries all over the world.

That earlier story outlined that UBS had “Failed-to-Deliver” Bonds that were supposed to settle on November 22, and we subsequently found out that the DTCC then deleted the CUSIP Numbers for those bonds.

Now we have confirmation that DTCC did, in fact, delete the CUSIP Number(s).

So how does that work?   The Largest Bank in Switzerland issued Bonds, that have a CUSIP Number making them publicly tradeable.   The Bonds come due and it seems UBS Fails-to-Deliver and then, DTCC simply DELETES the CUSIP Number which means the bonds never existed!

Where did the money go?

Moreover, today, this website also reported that a Depositor at UBS wanted to make a withdrawal from the UBS Branch at Tellplatz 12, 4053, Basel, Switzerland, and instead was handed a note telling him the bank could not allow him to withdraw his money due to “unforeseen liquidity challenges.”  That story, with an image of the actual note, is HERE.

Again, UBS is the biggest bank in Switzerland; so where did that Depositor’s money go?

Another Depositor to the same UBS Bank, was also denied his withdrawal, and was told “try again in 3 weeks.”

It seems, on the surface, that the international banking system is collapsing and the collapse is already so far along that now, the Banks cannot give Depositor money back.

Strangely, the mass media, is as quiet as a Church Mouse.   Not a peep.

END

5 RUSSIA//UKRAINE AND MIDDLE EASTERN AFFAIRS

ISRAEL/HAMAS

SATURDAY AFTERNOON:

WATCH LIVE: Thirteen Israeli captives, four foreigners freed from Gaza

After a nail-biting night, the 17 hostages are confirmed to be in the custody of the Red Cross, en route to Israel

By TOVAH LAZAROFF, GADI ZAIG, YUVAL BARNEANOVEMBER 25, 2023 11:21Updated: NOVEMBER 26, 2023 00:04

•  
•  
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People wave Israeli flags as a helicopter, carrying hostages, departs from Schneider Children’s Medical Center in Petah Tikva, Israel, November 24, 2023(photo credit: RONEN ZVULUN/REUTERS)

13 Israelis and four foreign citizens have crossed the Rafah border into Egypt after their release into Red Cross custody Saturday evening. This initiated the second phase of the Gaza hostage deal moved forward late Saturday night after a heart-wrenching delay of over six hours following a Hamas announcement that the deal was on hold.

Some eight children and five women were released, along with four foreigners.

Comes after night of delays, uncertainty

Close to 9 p.m., Hamas stated that “the Islamic Resistance Movement Hamas responded to the estimated Egyptian Qatari efforts that moved throughout the day to ensure the continuation of the temporary armistice agreement after transferring then in the commitment of the occupation to all the conditions stipulated in the agreement.”

It had earlier argued that not enough humanitarian aid had entered Gaza through the Egyptian crossing at Rafah and that Israel had not freed agreed-upon Palestinian prisoners based on seniority.

Qatari, Egyptian and Israeli officials had worked to save the deal.

Immense pressure from behind the scenes on Hamas came from Qatar, urging them to adhere to the planned ceasefire, according to N12. The Qatari Foreign Ministry confirmed that 39 Palestinians will be released in exchange for the release of 13 hostages, they also confirmed that 7 foreign nationals would be released as well.Advertisement

Prime Minister Netanyahu also held a situation assessment with top security officials to make sure that the second phase of the deal would proceed as expected, his office stated.

The delay had come as Israel prepared to receive some 13 hostages, whose families had already been notified. Some seven foreigners are also expected to be freed on Saturday night.

Al Jazeera had already announced that the hostage deal was underway, when it became clear that no such step was taking place. 

MK Yuli Edelstein tweeted on the situation, saying: “There is a fundamental Arabic value, translated to ‘patience is the key to victory.’ They have patience, but so do we.”

He continued “They will try to stretch the rope, but we will decide when it is time to tear the rope. They will try to play with us and we will respond at the right time and in the right way for us. Carefully, resolutely. Every step is calculated forward until everyone is here. Until victory.”

Families of Israeli hostages were notified to start heading to medical facilities across Israel as they await the arrival of their loved ones, all women and children from Kibbutz Be’eri.

Israel pushing to release mother of hostage set for release

According to Israeli sources, officials in Jerusalem are pushing to up the number of hostages released on Saturday by one, after it became apparent that one hostage was set to be freed without her mother, who was also taken into Gaza by Palestinian terror group Hamas on October 7.

As per the details of the Qatari and Egyptian-mediated truce and hostage release deal, families cannot be separated in the releases.

Last-minute discussions, headed by the coordinator for hostages and missing persons Gal Hirsch, were taking place early on Saturday to facilitate the release of the unnamed mother, Israeli media reported.

The first phase of the deal, which would see 50 captives freed in four days in exchange for a pause in the war and the release of 150 jailed Palestinian women and minors, was successfully executed on Friday.

Thirteen Israeli captives were freed and 39 Palestinian prisoners were freed. Hostilities had ceased on Friday already at 10 a.m. and an increased number trucks with humanitarian aid moved into Gaza.

The mechanisms of the deal allowed for it to be extended for another five days, by which 10 hostages would be freed every 24 hours. 

In an unusual move, a delegation of Qatari officials landed in Israel on Saturday to discuss extending deal, according to KAN news.

The delay had sparked speculation that the deal was off and the war would be resumed. But as of 9 p.m., it appeared that the crisis had been resolved.

Hostages taken to hospitals in Israel, reunited with families

The Israeli hostages were taken to the medical centers at Wolfson and Schneider where they were reunited with their families.

The initial release on Friday had given Israelis a ray of hope that all the more than 239 hostages Hamas had seized when it infiltrated southern Israel on October 7 would be freed.

On Friday Netanyahu said, “I emphasize to you – the families, and to you – the citizens of Israel: we are committed to the return of all our hostages. This is one of the goals of the war and we are committed to achieving all the goals of the war.”

That attack, in which Hamas had killed over 1,200 people sparked the IDF’s military campaign in Gaza to oust Hamas. According to the terror group close to 15,000 Palestinians have been killed in Gaza war-related violence.

The hostage deal has provided the first significant pause in the war since the October 7 attack.

Reuters and Jerusalem Post Staff contributed to this report.

END

These are the 13 hostages released from Gaza on Saturday (ROUND NO 2)

Israel on Saturday confirmed the identities of 13 Gaza hostages released, bringing the total of hostages released as part of the truce deal to 26.

By YUVAL BARNEANOVEMBER 25, 2023 23:47

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The thirteen hostages released from Gaza on Saturday, November 25, 2023(photo credit: The Jerusalem Post)

Israel on Saturday confirmed the identities of 13 Gaza hostages released from Hamas captivity on Saturday, bringing the total of hostages released as part of the truce deal to 26.

Here are their names and faces:

Emily Hand, nine years old, and Hila Rotem, 13 years old

Emily Hand, who was kidnapped by Hamas terrorists during the October 7 massacre and was reported as having been killed. The Irish-Israeli girl was abducted from a sleepover at her friend’s house in Kibbutz Be’eri, along with her friend Hila and her mother, Raya Rotem. 

Emily turned nine while in Hamas custody. Hila will be returning without her mother, according to Israeli officials.

Emily Hand, a resident of Kibbutz Be’eri who was kidnapped by Hamas terrorists from her friend’s house on October 7, turned 9 in Hamas captivity in Gaza on November 17, 2023. (credit: Bring Them Home Now)

Mia Regev

Mia Regev, 21 years old, was taken from the Nova party on October 7 along with her brother Itay. On the morning of the attack, Mia’s dad got a call from her who screamed “Dad they’re shooting at me, I’m dead”. Maya is set to return without her 18-year-old brother. 

Noam and Alma Or, brother and sister, father remains in Gaza

Several members of the Or family were abducted on October 7, father Dror (48) and brother and sister Noam (17) and Alma (13). Yonat, their mother, was killed during the attack, and their brother Yahli survived because he was doing national service in the North. Dror is a chef and cheesemaker in the Be’eri Dairy. His wife Yonat, created her own furniture line in Be’eri.Advertisement

MEYTAL WEISS: Strong for them. (credit: CHEN SCHIMMEL)

Shiri and Noga Weiss, mother and daughter

Shiri (53) and her daughter Noga (18) were abducted from Kibbutz Be’eri on October 7. Ilan, father and husband, left their home in Kibbutz Be’eri armed on the morning of October 7 after receiving his call to the kibbutz’s emergency response squad. But he never arrived at the armory, that was the last they heard from him.

Terrorists broke into their home and kidnapped Shiri from the safe room and then set the house ablaze, while Noga was still inside. Noga eventually escaped but was still caught by the terrorists later and taken to Gaza. Two of the Weiss sisters, Meytal and Maayan, escaped abduction through sheer luck as the terrorists hadn’t attempted to enter their apartments.

Haran-Kipnis-Shoham-Avigdori family

Several members of this extended family were kidnapped from Kibbutz Be’eri, with some estimates being as high as 10 members.

THE AVIGDORI FAMILY: Hen, Noam, Sharon, and Omer. (credit: Hen Avigdori)

The Avigdoris, mother and daughter, Sharon and Noam

Sharon, 52, and her daughter, Noam, 12,  were kidnapped on October 7, while on a visit to family members at Kibbutz Be’eri. Hen Avigdori, father and husband, is a television writer whose mission is usually to make people laugh, but now, things are different and he’s “on a mission to bring back my girls.” Their 16-year-old son, Omer, was with Hen in Hod Hasharon so was spared the horror.

Shoshan Haran

Haran, 67, founder of the Fair Planet NGO which helps bring innovative farming and agricultural techniques to less developed parts of the world. The project received praise from the Prime Minister of Bhutan and has been key in increasing food security for nearly a million people in Africa.

A collage of a family kidnapped by Hamas during its assault on southern Israel on October 7. (credit: THE MEDIA LINE)

The Shohams, Adi, Yahel, and Neveh

Adi, 38, her son Naveh, 8, and his sister, Yahel (Yula), 3, were all abducted from Kibbutz Be’eri along with the rest of their extended family members. 

Despite the miraculous return of six family members, four still remain behind in Gaza, waiting to be released.

end

ISRAEL HAMAS//4TH HOSTAGE RELEAE

Released hostages en route to Israel, ceasefire extended two days

11 Israeli hostages – nine women and two mothers- released to the Red Cross, on their way to Israel

By JERUSALEM POST STAFF

Israel-Hamas deal: These are the 11 hostages released on Monday

The group includes nine children and two mothers.

By JERUSALEM POST STAFFNOVEMBER 27, 2023 20:25Updated: NOVEMBER 27, 2023 22:28

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https://trinitymedia.ai/player/trinity-player.php?pageURL=https%3A%2F%2Fwww.jpost.com%2Fisrael-news%2Farticle-775404&unitId=2900003088&userId=0984023a-6fcf-4b29-a5e6-1be85cfd6d0a&isLegacyBrowser=false&version=20231127_ea6fe13deb8d6a0e83a0e9d67411936a160c1183&useBunnyCDN=0&themeId=140

Israel has confirmed the identities of the 11 hostages that were released Monday evening, after 51 days of being held captive by Hamas in the Gaza Strip. The group includes nine children and two mothers. 

The Cunio family 

Sisters Sharon Aloni Cunio, 33, and Danielle Aloni, 44, along with Sharon’s husband David Cunio, 34, were taken hostage when Hamas terrorists invaded southern Israel and attacked Kibbutz Nir Oz on October 7.

Sharon and David’s three-year-old twin daughters, Emma and Yuli, and Danielle’s five-year-old daughter Emilia were also taken captive.

The family initially told their relatives that they were safe and that they had sealed themselves inside a safe room as rocket sirens sounded that morning, but they later told relatives that terrorists had entered their home.

Sharon sent a voice message telling them that their house was on fire. Their last communication was at 11:20 a.m.Danielle and her daughter Emilia were released on Friday.

The release of Emma and Yuli is expected. David is still being held captive in Gaza.

The Engel family AdvertisementMike Engel (credit: Hostage and Missing Families Forum)

Ronen Engel, 54, his wife Karina, 51, and their two daughters, Mika, 18, and Yuval, 10, had been missing since Hamas terrorists attacked Kibbutz Nir Oz on the morning of October 7.

The family hid in a safe room and their calls to relatives indicated they were aware of the horrific rampage taking place in their kibbutz.

While on a phone call with her sister, Paula, Karina suddenly mentioned the terrorists’ presence and then the call cut out. That was their last communication.

A video from Gaza was posted to Ronen’s Facebook page later that day and the family’s phones were traced to Gaza.

Mika volunteers with special needs children and Yuval enjoys horseback riding. Both sisters share a love of animals.

Eitan Yahalomi

Twelve-year-old Eitan Yahalomi was kidnapped with his father, Ohad, from their home in Kibbutz Nir Oz.Eitan’s mother, Bat Sheva, said that when the terrorists entered the community they tried to kidnap her and her children while they were riding on motorcycles.With great resourcefulness, she managed to jump off the motorcycle along with her two daughters, 10 and nine months, but she was unable to save her son.Bat Sheva said she is fearful that Eitan won’t be the same once he returns. He is a keen Manchester City supporter and has a poster of star player Phil Foden on his wall.Ohad remains in captivity.

The Calderon family 

Three members of the Calderon family had been missing from Kibbutz Nir Oz since October 7. Ofer, 53, and two of his children, Sahar, 16, and Erez, 12, were taken hostage when Hamas terrorists attacked the kibbutz, killing over 100 residents and taking around 80 hostages.

Gaya Calderon, 21, the older sister of Sahar and Erez, received a message from her family that they were trying to hide outside but later saw a video of Erez being taken away by terrorists.

Erez Calderon turned 12 in captivity on October 27.

The Yaakov familyYagil Yaakov (credit: Hostage and Missing Families Forum)

Brothers Or Yaakov, 16, and Yagil Yaakov, 12, were sleeping alone at their home in Kibbutz Nir Oz when Hamas terrorists attacked on the morning of October 7.

The two boys hid in a safe room and called their mother, whispering to her on the phone.

When the terrorists entered their home, Or tried to hold the door of the safe room closed but was overpowered.

On November 9, Yagil Yaakov was shown in a propaganda video posted by the Palestinian Islamic Jihad terrorist organization.

ISRAEL/HAMAS

CHRIS POWELL….

WELL SAID!!!

Connecticut residents of Palestinian descent who have relatives in Gaza met last week with Connecticut U.S. Sen. Chris Murphy in Hartford and then held a press conference to lament their losses and call for a ceasefire in Gaza’s war with Israel. If journalists posed any critical questions, it didn’t show up in reporting.

“Almost every family has lost somebody or something in these senseless attacks on civilians,” said a leader of the Palestinian group, Khamis Abu-Hasaballah of Farmington. “We need to bring a stop to this insane, inhumane catastrophe.”

But ceasefires may not be peace, just brief pauses in war. Do the Connecticut residents with relatives in Gaza want Gaza’s government, run by the terrorist movement Hamas, to make peace? They don’t seem to have said so, nor even to have been asked. 

They don’t seem to have said, nor even to have been asked, if they or their family members approved of Gaza’s barbaric attack on Israel Oct. 7, nor if they concur with Hamas’ commitment to destroy Israel.

Maybe they are afraid to call for peace because Hamas is so barbaric and might harm them or their relatives. But then they show why the war must continue until Hamas and its supporters are wiped out.   

---

Chris Powell has written about Connecticut government and politics for many years. (CPowell@cox.net) 

END

QATAR/ISRAEL//SATURDAY MORNING

Very strange!! Qatari plane lands in Israel amid the Gaza ceasefire and ongoing hostage deal. It flew first to Cyprus then onto to Tel Aviv.

Why?

(Jerusalem Post)

Qatari plane lands in Israel amid Gaza ceasefire, ongoing hostage deal

The plane had stopped in Larnaca in Cyprus’s southeastern coast in order to avoid precedent of a direct flight from the Qatari capital to Tel Aviv.

By JERUSALEM POST STAFFNOVEMBER 25, 2023 13:10Updated: NOVEMBER 25, 2023 15:04

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A Qatar Airways flight.(photo credit: REUTERS)

A Qatari envoy plane arrived in Israel from Larnaca, Cyprus on Saturday, Israeli media reported.

The plane, which landed at Ben-Gurion Airport at about 11:00 a.m., was in Israel for about an hour, according to N12. The plane belonged to Qatar’s flag carrier Qatar Airways.

The plane was reportedly small, only having enough room for eight passengers, N12 reported, and took off from Doha on Saturday morning.

The plane had stopped in Larnaca on Cyprus’s southeastern coast in order to avoid the precedent of a direct flight from the Qatari capital to Tel Aviv.

The plane stayed in Israel for only a short time and then took off from Tel Aviv back to Larnaca.

FIFA World Cup Qatar 2022 Arrival – Australia team arrives in Doha – Hamad International Airport, Doha, Qatar – November 13, 2022 Australia team arrives on a Qatar Airways plain in Doha ahead of the FIFA World Cup Qatar (credit: REUTERS/HAMAD I MOHAMMED)

Unusual landing

The unusual landing took place amidst the second day of the temporary ceasefire and the second wave of the release of hostages currently in Gaza. Mossad head David Barnea Maj.-Gen. (res.) Nitzan Alon visited Doha during the war to discuss the hostage release deal with the Prime Minister and other Qatari officials.

After the landing, the Qatari Foreign Affairs Ministry spokesperson told French media outlet France 24: “We hope that the current agreement will help create momentum for future and ongoing agreements… but the road is still long. We hope that after the four days, we can sign a second agreement that will extend the ceasefire.”

end

This will be a game changer. It will be released early in 2024

(zerohedge)

Israeli ‘Iron Beam’ Lasers Are ‘Future Of Warfare’

SUNDAY, NOV 26, 2023 – 09:55 AM

Last year we reported on Israel’s development of a ground-based laser defense system dubbed ‘Iron Beam,’ which then-Prime Minister Naftali Bennett called “a game-changer” that could “bankrupt” the enemy.Defense MinistryIsrael’s Iron Beam defense system

Now, it’s being reported that the system – which has been in development by Rafael Advanced Defense Systems for 15 years, and was originally set for a 2025 rollout, will be deployed more quickly than that due to the Israel-Hamas war, and it may be placed in service as early as 2024.

More than a hundred Rafael engineers have reportedly been working on this project, considered one of the most significant technological challenges ever faced by the Israeli defense industries, in order to create a fast and effective interception system, with inexhaustible and near cost-free ammunition.

Recent tests of Iron Beam in the Negev have shown promising results, with the system successfully intercepting various airborne threats. The heart of the system is an electric laser pointer, capable of targeting and sending out a powerful laser beam, invisible to the naked eye.

Since the war erupted on October 7, more than 10,000 projectiles have been fired at Israel, including 3,000 in the first hours of the conflict. Rafael and the Israeli Defense Ministry have considered the current operations as an opportunity to test the Iron Beam under real combat conditions. –i24news

Speaking with Calcalist, one of Rafael’s iron beam program managers expressed high hopes for the system, saying “Our aim is to reach a state where the enemy feels totally powerless. He has to understand that our laser pointers, deployed where needed, intercept and destroy all his attacks, almost instantly after they are launched, long before they reach Israeli territory or threaten anyone else. In such a scenario, the activation of warning sirens might even become unnecessary.”The technology could transform air defense systems

The system will be seen as a compliment to the existing Iron Dome system, which costs around $50,000 per interceptor missile

“Any modern military wants to develop systems to intercept incoming fire as a defensive measure,” Security expert Dr Rod Thornton of the Defence Studies Department at King’s College London told the Mirror. “Investments has been down the line of lasers. It is very complicated to get a laser to work, you need a lot of energy and a good power source to fire the laser, but it is the way forward.”

The Biden administration sent a funding request to Congress to support the development of the technology. The request is part of a proposed package by the White House for $14.3 billion from Congress to fund Israeli security. If approved, around $10.6 billion of the budget would be used to fund air and missile defense.

As reported by Defenses Scoop, $1.2 billion will be used for the development of Iron Beam, according to a letter to Congress from the Office of Management and Budget “It is what the American military wants as well,” Thornton said. “They want to benefit from the Israeli development of Iron Beam.” –The Mirror

“Going forward, things like high-tech defense systems like laser interceptors are going to be a thing,” said Thornton.

“You can expect it to be rolled out more, but it is very expensive. If the Americans are backing it through the Israeli Defense Force, through Raphael, then it is going to go forward… It is going to become more effective and cheaper in the coming years.”

end

ISRAEL/GAZA/ELON MUSK

This puts to bed, the notion that Musk is anti- semitic. He is 100% correct on the formula for peace!

Musk Offers To Help Rebuild A Deradicalized, “Prosperous” Gaza After Touring Ravaged Kibbutz With Netanyahu

MONDAY, NOV 27, 2023 – 11:25 AM

Elon Musk showed up in southern Israel on Monday at the personal invitation of Prime Minister Benjamin Netanyahu, where he was given a tour of an Israeli kibbutz left desolate by the Oct.7 Hamas terror raids. 

Musk while on a tour of Kfar Aza heard details from Israel Defense Forces (IDF) troops of the massacres in the kibbutz. Israeli media has described it as a scene of “horrors”—one among more than 20 communities ravaged, where in some cases entire families were butchered. Musk later in the day said it was “it was jarring to see the scene of the massacre.”

Musk heard briefings and personal stories both of tragedy and heroism, including the story of kidnapped Israeli-American toddler Avigail Idan, who turned 4 in captivity but was released Sunday as part of the third round hostage swap between Hamas and Israel. Her parents were murdered directly before her eyes, with accounts saying her dad was holding her when he was shot.

After also being shown a short film of the Hamas attacks, Musk commented that it was “troubling” to see the “to see the joy experienced by people that were killing innocent civilians.”

As part of Musk’s visit, he and PM Netanyahu held a live talk via X Spaces (recently known as Twitter Spaces) wherein the prime minister repeated his call for Hamas to be destroyed. Musk responded, “There’s no choice,” and said after touring ravaged kibbutzes: “I’d like to help as well.” The full section of that exchange is below: 

Netanyahu laid out that his main priority is to neutralize Hamas, after which he will turn to rebuilding Gaza: “You first have to get rid of this poisonous regime.”

Musk agreed and offered to be involved in the post-war recovery.

“I think that makes perfect sense that those who are intent on murder must be neutralized, then the propaganda must stop … and then making Gaza prosperous,” Musk said.

“Well, I hope you’ll be involved,” Netanyahu responded.

“I’d love to help,” Musk said.

In statements which are likely to prove controversial, particularly to the pro-Palestinian side, Musk also voiced that civilian casualties are “unavoidable” and generally appeared to back Israel’s position that it is trying hard to avoid them while seeking to target only terrorists. 

Lately Israeli officials have tried to make controversial historical comparisons to WWII, which hasn’t always gone well in Western media encounters at a moment the Palestinian death toll has reached the grim milestone of 15,000 killed. Musk said in the Spaces chat:

“You need to pair firmness and taking out the terrorists and those intent on murder, and at the same time help those that remain, which is what happened in Germany and Japan,” he adds.

“Usually the victor punishes the loser,” he continues, and points to the rehabilitation of Germany and Japan by the allies after World War II as examples of how reconstruction efforts after a major war and a clear-cut victory helped secure peace for a long period of time.

Musk’s visit comes during the last day of a four-day agreed upon Israel-Hamas truce which is set to end, but there are reports that it could get extended by at least two more days, during which time more hostages would be released, and more Palestinians freed from Israeli prisons.

As for ways that Musk might help Gaza, particularly in a future post-war and reconstruction phase, he’s said that already an agreement in principle has been reached for using SpaceX’s Starlink communications in the Gaza Strip. He said last month that it could “support connectivity to internationally recognized aid organizations in Gaza” after much of it went dark amid the Israeli bombing campaign. 

There’s as yet been no public confirmation of the deal from Musk or SpaceX. Additionally, on Monday Israeli communications minister Shlomo Karhi posted on X that Musk had “reach[ed] a principle understanding” with the ministry, and that Israel must give approval for Starlink to operate. “Starlink satellite units can only be operated in Israel with the approval of the Israeli Ministry of Communications, including the Gaza Strip,” Karhi said.

Currently, US media reports have been alleging widespread antisemitism on X – and have sought to highlight Musk’s own personal interaction with posts on the platform, resulting in some major advertisers to exit.

But Musk’s invitation to Israel, where he’s also slated to meet President Isaac Herzog later in the day, begs the question: if Musk is “antisemitic” – as his detractors and enemies claim – why would the Jewish state readily invite him for such a high-level visit where the prime minister takes him on a personal tour? As if admitting and underscoring the discrepancy and glaring contradiction, those same voices are now lashing out at the Israel government for hosting the official trip.

end

Lt Col Richard Hecht

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The Dogs of War

The Four Legged Warriors Protecting our Soldiers in Gaza

LT. COL. RICHARD HECHTNOV 27

READ IN APP

“The dog is signaling something here! Get back!”

Today I want to talk about the IDF’s K-9 team, “Oketz” (Literally, “Sting”).

Oketz Unit Pin

Since the beginning of our ground operations against Hamas, Oketz dogs and their handlers have been on the ground, helping our forces locate terrorists, weapons, and boobytraps or explosives.

Before we get to the canines, if this is the first time you’re reading this, subscribe below for free.

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This same refined search and rescue capability also makes them ideal to play a role in the ongoing mission to bring home all of our hostages.

So far, the Oketz unit and their canines have uncovered dozens of booby traps throughout northern Gaza, saving the lives of IDF soldiers. In Rantisi Hospital, for example, a K-9 dog found bombs and a weapons cache.

In this video, you can see the Oketz Unit in action.

Pay attention to how the dog finds the suspicious object under a bed and immediately warns everyone to back away, putting himself between the suspicious item and the soldiers. There’s a reason they call them man’s best friend.

A Dog’s Life…

Because of their unique capabilities, Oketz frequently supports other elite IDF units during operations, including Shayetet 13, Sayeret Matkal, Shaldag and other commando units. The unit has three different types of squads:

• An offensive squad, in which soldiers and canines collaborate to find, identify, and attack terrorists
• Explosive specialists, like in the video above, used to sniff out bombs or other booby traps
• A defensive unit that is mostly tapped to find weapons or to find casualties in mass destruction sites, like in earthquakes or missile strikes. Notably, this unit also has female canine handlers.

Thinking about joining? Well, every year, some 100 new soldiers are drafted to the unit for a 16-month training course. Interestingly, no prior experience with dog handling is necessary.

The Heavy Cost

The outstanding abilities the dogs also has tragic ramificiations.

Operating on the front lines, in dangerous situations and being first in comes at a cost. So far, four IDF dogs have been killed in Gaza during operational activities. The unit has a special graveyard on its base for these courageous dogs.

From left to right: Mido, Tayga, Jack, and Gandhi

They say, ‘all dogs go to heaven’. I don’t know if that’s true, but I hope it is for these four heroes.

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Operational Updates

• Last night, another 17 hostages were released from captivity in the Gaza Strip and returned home to Israel, as part of the framework for the operational pause. IDF special forces and Shin Bet forces received the released hostages when crossing into Israeli territory. From there, the released hostages were flown by IAF helicopters on to hospitals where they were reunited with their families.
• The entry of humanitarian aid into the Gaza Strip continued on Sunday. In total, over 2,000 trucks have entered the Gaza Strip since the start of the war, transferring water, food and medical equipment to Gaza. Yesterday 200 trucks entered, 42 of which were loaded with shelter equipment. Some 3,600 tons of tents, blankets and mattresses have been transferred for the civilian population ahead of the winter.

Quote of the Day

“4 year old Avigail Idan, orphaned after her parents were murdered by the brutal terror organization Hamas, is a hero and is a living example that the war against Hamas is uniquely justified. This is a war against an evil and cruel enemy, and like Avigail, each and every one of the returned hostages has family or close ones who were murdered or are still being held hostage.”

IDF Spokesperson, Rear Admiral Daniel Hagari on the release of hostages from Hamas captivity in Gaza

What I’m Watching

Incredible heroism from the world’s only unit of all-women tank crews. This weekend, all of Israel learned about their 17-hour battle on October 7th. Here’s the full story with English subtitles:

Help us spread the word on what the IDF is up to by sharing this with your friends.

Share

end 

LEBANON/HEZBOLLAH/ISRAEL

IRAN/ (HOUTHIS)//USA//ISRAEL

Israeli owned ship comes under attack by an Iranian suicide drone in the Indian ocean

(zerohedge)

Israeli-Owned Ship Comes Under Iranian Suicide Drone Attack In Indian Ocean

SATURDAY, NOV 25, 2023 – 01:25 PM

Another Israeli-linked shipping vessel has been targeted by Iran-backed forces against the backdrop of the Gaza war. A US defense official was cited in the Associated Press as describing that a container ship owned by an Israeli businessman came under attack by an Iranian-made Shahed-136 drone on Friday.

Separately, the pan-Arab satellite channel Al Mayadeen said an Israeli ship was targeted. The Malta-flagged, French-operated CMA CGM Symi vessel was in international waters when the suicide drone armed with a bomb exploded into the ship, causing damage but not resulting in injury to crew members.CMA CGM Symi vessel at port, via AP

The US official cited in AP said “we continue to monitor the situation closely” but did not cite any specific evidence showing Iran to be behind the attack.

Maritime security company Ambrey said the vessel had departed a port in the UAE, and soon the ship’s tracking signal went offline. “The vessel was managed by an Israeli-affiliated company, which was assessed to be the reason why it was targeted,” a statement from the security company said.

As for Israeli ties, The Times of Israel has learned that “The ship, its cargo, its operating company and its points of departure and destination did not appear to have any clear ties to Israel. Rather, the Symi is leased to CMA CGM by Singapore-based Eastern Pacific Shipping, which is a company ultimately controlled by Israeli billionaire Idan Ofer.”

According to further emerging details:

CMA CGM, a major shipper based in Marseille, France, did not immediately respond to a request for comment. However, the vessel’s crew had been behaving as though they believed the ship faced a threat.

…The ship had its Automatic Identification System tracker switched off since Tuesday when it left Dubai’s Jebel Ali port, according to data from MarineTraffic.com analyzed by the AP.

Thus it’s likely the crew switched off the tracker as it suspected a drone was overhead seeking to target the ship. In the attack aftermath, a statement from the operator indicated that as of Saturday, “The vessel in question is currently sailing as planned” and that “all crew are safe and well.”

The following unverified photograph is widely circulating on Saturday…

Tensions have increased in the Red Sea and Persian Gulf areas on fears that Iran-backed groups could escalate attacks on shipping. The Houthis on Nov. 21 seized an Israeli-linked shipping vessel and are holding the 25 international crew members hostage. 

The still captured Galaxy Leader is ultimately owned by Ray Car Carriers, which was founded by Abraham “Rami” Ungar. With an estimated 2019 net worth of more than $2 billion, he’s among Israel’s 30 wealthiest individuals. The Biden administration is now threatening to formally designate the Houthis a terrorist organization. The White House has also alleged that Iran is complicit in the hijacking of the Galaxy Leader. It’s as yet unclear whether this latest drone attack had Houthi involvement. 

end

USA navy responding after militants seize another Israeli linked oil tanker off Yemen

(zerohedge)

US Navy Responding After Militants Seize Israel-Linked Oil Tanker Off Yemen

SUNDAY, NOV 26, 2023 – 11:05 AM

Another suspected piracy incident is unfolding — this time in the Gulf of Aden off the coast of Yemen on Sunday, as multiple news agencies are reporting that an Israel-linked oil tanker has been boarded by unknown militants. The emerging headlines have surprisingly thus far had little observable impact on oil prices, at a moment of growing security concerns and fears for international shipping in Mideast and Gulf regional waters.

At least 22 crew of the Liberian-flagged Central Park, managed by Zodiac Maritime, are now believed to be held hostage. The Associated Press reports, “Attackers seized a tanker linked to Israel off the coast of Yemen on Sunday, authorities said. While no group immediately claimed responsibility, it comes as at least two other maritime attacks in recent days have been linked to the Israel-Hamas war.” If done by the Houthis, this marks the first such piracy attack from Yemen during the Gaza truce which has successfully held, which went into effect Friday.Central Park oil tanker

The AP report further cites “An American defense official, speaking on condition of anonymity to discuss intelligence matters, also confirmed to The Associated Press that the attack took place.” Ship manager Zodiac Maritime described the seizure as “a suspected piracy incident.”

US naval forces appear to be en route, given the US defense official was further quoted as saying “US and coalition forces are in the vicinity and we are closely monitoring the situation” after “an unknown number of unidentified armed individuals” seized the ship.

Maritime and private intelligence firm Ambrey said that “U.S. naval forces are engaged in the situation and have asked vessels to stay clear of the area.”

Below is what has become known so far of the vessel’s ownership:

Zodiac described the vessel as being owned by Clumvez Shipping Inc., though other records directly linked Zodiac as the owner. London-based Zodiac Maritime is part of Israeli billionaire Eyal Ofer’s Zodiac Group. British corporate records listed two men with the last name Ofer as a current and former director of Clumvez Shipping, including Daniel Guy Ofer, who is also a director at Zodiac Maritime.

It wasn’t immediately clear who was behind the attack. Nearby Aden is held by forces allied to Yemen’s internationally recognized government and a Saudi-led coalition that has battled Yemen’s Iranian-backed Houthi rebels for years. That part of the Gulf of Aden in theory is under the control of those forces and is fairly distant from Houthi-controlled territory in the country. Somali pirates also are not known to operate in that area.

Given the location, and recent hostile incidents, the Iran-linked Houthis out of Yemen are the prime suspects for this newest ship hijacking….

This marks the second commercial ship hijacking since the start of the Israel-Hamas war. The Houthis on Nov. 21 seized an Israeli-linked shipping vessel, the Galaxy Leader, and are still holding the 25 international crew members hostage. The Houthis’ military leadership previously issued a ‘declaration of war’ and have since launched several missiles and drones toward Israel. While Hezbollah in southern Lebanon has observed the Hamas-Israel truce, this seems a clear sign that the Houthis do not intend to.

On Friday another Israeli-linked shipping vessel came under attack shortly after leaving port at the United Arab Emirates. In that prior weekend incident an Iranian-made Shahed-136 drone struck the ship, but reportedly without casualties, and the vessel has continued on its course. If US warships intervene against the Houthis, the potential for a broader regional war becomes more likely.

end

UKRAINE/RUSSIA

Russia Launches Single Largest Drone Attack Of Ukraine War Saturday

SATURDAY, NOV 25, 2023 – 02:35 PM

While much of the globe’s attention remains fixated on Gaza, and the uneasy truce and hostage deal now unfolding, Ukraine on Saturday said that Russia launched its largest drone attack on the country since the war’s start.

“A total of nearly 75 Shahed drones were launched from two directions – Primorsko-Akhtarsk and the Kursk region, Russia. The primary target was the city of Kyiv,” a Ukrainian Air Force statement on Telegram announced. It underscored this marked a “record number” of drones for a single wave of attack.Damage in the Ukrainian capital after Saturday’s drone attack, via Reuters

The air force statement went on to claim that a whopping 71 of these Iranian-made suicide drones were intercepted, mostly over the Kyiv region, describing that “Anti-aircraft missile troops, tactical aviation, mobile fire groups, and electronic warfare units were involved in repelling the air attack.”

Ukraine’s military also said its air defenses shot down a Kh-59 guided missile in the Dnipropetrovsk region. Russian forces typically launch a mix of small drones and missiles in these attacks, which have become somewhat regular since the war’s sart.

Reportedly some of the falling intercepted drone wreckage fell on and damaged residential buildings. At least two Ukrainians were injured in Kyiv’s Solomianskyi district, where there were several fires as a result of the attack.

Newsweek reports based on Ukrainian official statements that “At least five people, including an 11-year-old boy, were injured by falling drone debris in the capital.”

A Kyiv city administration statement counted that this was the fourth drone attack on the capital this month, at a moment the front lines in the east and south have been stalled. By all accounts Russia has dug in and solidified is hold over much of the four annexed territories.

Saturday’s massive drone operation appears a direct response to Ukraine sending over a dozen drones against Crimea in the two days prior…

For this reason, after what’s been a clearly failed Ukrainian counteroffensive, there have been new reports of quiet efforts of the West to finally push the Zelensky government to the negotiating table with Russia. Ukraine is reportedly suffering a huge manpower shortage, evident in increasingly older men being conscripted and sent to the front.

END

GLOBAL VACCINE/COVID ISSUES

Natural Immunity Better Than Protection From COVID-19 Vaccination: Study

SATURDAY, NOV 25, 2023 – 02:00 PM

Authored by Zachary Stieber via The Epoch Times (emphasis ours),

People with protection against COVID-19 following recovery from the illness were better protected than those who received a COVID-19 vaccine, according to a new study.Colorized scanning electron micrograph of a cell (purple) infected with a variant strain of SARS-CoV-2 virus particles (pink), isolated from a patient sample. (NIAID via The Epoch Times)

People who received a vaccine were nearly five times as likely as the naturally immune to test positive for COVID-19 during the Delta era and 1.1 times as likely to test positive for COVID-19 during the Omicron era, researchers in Estonia found.

The vaccinated were also seven times as likely to be admitted to a hospital for COVID-19 amid the spread of the Delta variant and two times as likely to be admitted to a hospital during the Omicron period, when compared with the naturally immune, the researchers found.

“Our study showed that natural immunity offers stronger and longer-lasting protection against infection, symptoms, and hospitalization compared to vaccine-induced immunity,” Dr. Anneli Uusküla, with the Department of Family Medicine and Public Health at the University of Tartu, and her co-authors wrote.

Previous studies have also found that post-infection immunity is superior to or similar to the protection bestowed by vaccines.

Dr. Uusküla and her colleagues said they felt there were gaps in the literature on the subject, prompting them to work on the study.

They drew from a pool of 329,496 adults and matched many of the adults in three cohorts. One compared people with natural immunity to those who received a vaccine; one compared the naturally immune to people who did not have documented prior infection or vaccination; and one compared the naturally immune to people with hybrid immunity, or both prior infection and vaccination.

People were defined as vaccinated if they had received a full primary series of a COVID-19 vaccine and did not have a documented infection.

The primary outcome was laboratory-confirmed COVID-19 occurring at any time for people without any immunity, after 60 days of recovery from a prior infection for the naturally immune, at least 14 days after completion of a vaccine for the vaccinated group, and at least 14 days after vaccination or 60 days after recovery for people with hybrid immunity.

The second outcome, hospitalization, was defined as hospitalization with COVID-19 and with certain medical codes.

Researchers utilized national health care records and examined data from between Feb. 26, 2020 and Feb. 23, 2022. The Delta era ended in December 2021.

In the cohort comparing the naturally immune to people without prior immunity or vaccination, researchers found that the naturally immune were much better protected against hospitalization, used as a measure of protection against severe disease.

“During both periods, natural immunity proved to be highly effective in protecting against reinfections progressing to severe disease and was associated with a significantly lower risk of COVID hospitalization than no SARS-CoV-2-specific immunity,” the researchers said.

But they also discovered that the naturally immune, while much less likely to be infected during the Delta era, were actually more likely to test positive during the Omicron era.

In the comparison of the naturally immune to people with hybrid immunity, the researchers determined those with hybrid immunity were better protected against infection during the Delta era, but they were at slightly higher risk during the Omicron period. In the hybrid immunity group, just one COVID-19 hospitalization was recorded, compared to nine among the naturally immune.

“Irrespective of the infection-causing variant, the protective effect of hybrid immunity in preventing infection progression to severe COVID-19 significantly exceeded that of natural immunity (although the absolute numbers of hospitalizations in the hybrid immunity subcohort were small),” the authors said.

Limitations included some people being admitted to hospitals with COVID-19 but not for it, though researchers tried minimizing the issue by only including hospitalizations with codes indicating patients had respiratory disease.

The research was funded by the European Regional Development Fund, Estonian Research Council, and European Social Fund.

Authors declared no competing interest

ROBERT H. TO US:

New Report: Young People Dying of Cancer at ‘Explosive’ Rates, UK Government Data Show • Children’s Health Defense

Crazy
https://childrenshealthdefense.org/defender/young-people-cancer-death-uk-edward-dowd-analysis  

END

DR PAUL ALEXANDER:

Go Conor McGregor, GO! The man who would be KING of Ireland now, he is going to take his CROWN! He has shown the gonads needed’ “if you don’t act soon to ensure Ireland’s safety, I will” BOOM! After

the Irish riots when an immigrant (Algerian) stabbed a bunch of people including children recently but ssshhhhh, DO NOT, I plead, DO NOT utter the word ‘islamist jihadist’, DON’T, ssshhh, voices carry

DR. PAUL ALEXANDERNOV 25

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John Carter’s magnificient piece is coming on 28th November, but here is a bit of a tee up:

end

Morgan Stanley’s Andy Saperstein diagnosed with cancer; Sooners’ Ryan Minor enters hospice care for colon cancer; Poliana Botelho battles breast cancer; Jill Martin “reflects on her cancer journey”

NBC’s “Aimee Cho celebrates one year of being cancer-free”; “Today host Sheinelle Jones misses morning show without notice as co-stars kick off special week without her”

MARK CRISPIN MILLERNOV 25

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NBC—which, of all the major corporate media, may have been the most aggressive advocate of “vaccination”—is now shaping up to be “the Cancer Network.”

Morgan Stanley executive Andy Saperstein diagnosed with cancer

November 21, 2023

Morgan Stanley MS Co-President Andy Saperstein has been diagnosed with cancer but plans to keep working while receiving treatment, a spokesperson from Morgan Stanley confirmed on Tuesday.

News from Underground by Mark Crispin Miller is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

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Saperstein, 56, said he’s young and otherwise in good health and is starting treatment, so he can put the illness behind him and continue at the firm, according to an internal memo initially reported by Bloomberg and confirmed by the company.

https://www.marketwatch.com/story/top-morgan-stanley-executive-andy-saperstein-diagnosed-with-cancer-3a5a7b61

Former Oklahoma Sooners star Ryan Minor enters hospice care amid battle with colon cancer

November 19, 2023

Former OU baseball and basketball star Ryan Minor has been placed in hospice care, his twin brother, Damon, announced Saturday.

Minor was diagnosed with Stage IV colon cancer in the fall of 2022.

“After meeting with his team of Doctor’s at John’s Hopkins there are no more available treatment options for him,” Damon said on X (formerly Twitter). “He is at home under hospice care. Thank you to everyone for there continued prayers, support, and donations during this time.”

https://www.oklahoman.com/story/sports/college/sooners/2023/11/19/ryan-minor-former-oklahoma-sooners-star-placed-in-hospice-care-stage-iv-colon-cancer/71635450007/

‘Toughest fight of my life’: Poliana Botelho sees light at the end of the tunnel in battle against cancer

November 21, 2023

MMA veteran Poliana Botelho is about to enter the third round of her toughest challenge to date, yet she still has a big smile on her face.

Botelho was diagnosed with breast cancer in January 2023. After going through it all as an MMA fighter — from wins and losses on the regional circuit to Bellator and the UFC octagon — she just finished radiotherapy sessions in her native Rio de Janeiro.

https://www.mmafighting.com/platform/amp/2023/11/21/23922681/toughest-fight-life-poliana-botelho-breast-cancer-ufc-bellator

Aimee Cho celebrates one year of being cancer free / NBC4 Washington

After Savannah Guthrie’s LPR diagnosis (reported here six days ago), two more of the “Today” team have, apparently, been sidelined by their “vaccination”:

Jill Martin reflects on her chemo journey with gratitude after ‘ringing the bell’

November 23, 2023

Thanksgiving is a day for gratitude — and today, Jill Martin Brooks has an abundance of it. Recently, the TODAY contributor rang the chemo bell, successfully closing a chapter in her breast cancer journey.

After being diagnosed with stage 2 breast cancer earlier this year, Jill underwent a double mastectomy and had 17 lymph nodes removed before starting aggressive chemotherapy. After finishing radiation, she’ll have surgery to remove her ovaries and fallopian tubes to reduce her risk for ovarian cancer.

https://www.today.com/today/amp/rcna126201

Today host Sheinelle Jones misses morning show without notice as co-stars kick off special week without her

November 20, 2023

SHEINELLE Jones has gone missing from the Today show.

Her Today co-stars kicked off a special holiday week without her on Monday but gave no reason for her absence.

https://www.the-sun.com/entertainment/9671487/sheinelle-jones-missing-today-show-thanksgiving-week/

Watch the TODAY team get COVID-19 vaccinations live on-air

April 7, 2021

https://www.today.com/news/watch-today-team-get-covid-19-vaccinations-live-air-t214136

end

Irish police are questioning an Algerian man suspected of stabbing a woman and three children outside a school; Violent protests in Dublin after woman and children injured in knife attack

Crowd chanting anti-immigrant slogans clashes with police hours after stabbing incident outside school; details are emerging and we must not rush to judgement; lets wait for details

DR. PAUL ALEXANDERNOV 24

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end

don’t want you to forget Melody Rain Palombi-Malmgren, DO NOT! She got 3 vaccines & then she died! Had no medical problems until she got the 3 vaccines! So what do we do? BRUCHA WEISBERGER covered

this tragic situation, I covered it prior too in substack I reshare below; I share Brucha’s stack for it covers FLU vaccine & terrible IMMUNE SUPPRESSION effects; kids are dying! support Brucha’s work

DR. PAUL ALEXANDERNOV 24

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Her Name was Melody Rain Palombi-Malmgren.

Melody was 15 months old baby who suffered liver and kidney failure, as well as cardiac arrest after receiving 3 vaccines.

You didn’t hear her story because it didn’t fit the narrative. pic.twitter.com/0owsxxllH2

— I Meme Therefore I Am 🇺🇸 (@ImMeme0) November 12, 2023

In G-d’s Army There’s Only Truth

Urgent warning regarding FLU vaccine – terrible IMMUNE SUPPRESSION effects are being seen in kids who got the flu shots in our community

BS”D What is going on? I haven’t analyzed any flu vaccine vials. All I can tell you are the after effects that my friend is witnessing in little kids. She works in the healthcare field. She said: “Seeing a crazy amount of mono in very very young children, 2 year-olds! It’s almost unheard of, and everyone of them had the flu shot that I’ve seen…

Read more

11 days ago · 22 likes · Brucha Weisberger

‘The Real Risks of Childhood Vaccines’ By Alan Brough, posted in VACCINE CHOICE CANADA (Ted Kuntz’s outfit); did you know that Childhood Deaths Dropped By 30% During the Pandemic? Why do you think?

DR. PAUL ALEXANDER·NOV 12

https://vaccinechoicecanada.com/in-the-news/the-real-risk-of-childhood-vaccines/ ‘Is It Time to Question All Vaccines?Alexander COVID News-Dr. Paul Elias Alexander’s Newsletter is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

Read full story

What? Covid lockdowns were NO more effective than Swedish-style softer approach, major Oxford University-backed study suggests? But we told you this over 2 years ago! We knew 2 weeks out of the gate

in March 2020 that lockdowns would NEVER work and would harm the populations; we knew immediately that COVID was amenable to risk stratification, NOT carte blanche lockdowns; see my review

DR. PAUL ALEXANDERNOV 25

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‘Covid lockdowns were no more effective at controlling the pandemic than letting people adapt their own behaviour to the threat, a major Oxford University-backed study suggests. 

Researchers modelled virus death and unemployment rates in response to different pandemic policies.

end

Pfizer Sues Poland For Bailing On COVID-19 Vaccine, Citing Shady EU Mega-Deal

SATURDAY, NOV 25, 2023 – 07:15 PM

In April, 2021, the world learned that European Commission President Ursula von der Leyen had been negotiating the biggest contract ever sealed for 1.1 billion doses of COVID-19 vaccines via text messages back and forth with Pfizer CEO Albert Bourla.

And while those texts were ‘somehow‘ lost, Pfizer is now suing Poland – which, under the EU deal struck between von der Leyen and Bourla, obligated the Polish government to purchase 60 million more doses than it did.

“Pfizer and BioNTech are seeking to hold Poland to its commitments for COVID-19 vaccine orders placed by the Polish Government, as part of their contract to supply the European Union signed in May 2021,” a Pfizer spokesperson told Politico, adding that BioNTech is joining the lawsuit.

According to Polish newspaper Gazeta Prawa, Pfizer brought the civil case before a Brussels court because the doses were purchased through EU joint procurement contracts, drawn up under Belgian law. –Politico

Poland, under the leadership of then Health Minister Adam Niedzielski and the populist PiS party, took a bold step in April 2022 by stopping vaccine deliveries, citing force majeure. This decision, influenced by both financial and epidemiological factors, echoed across Eastern and Central Europe, leading to a wave of dissent against the Commission’s deal with Pfizer.

Efforts to renegotiate the deal, prompted by the collective outcry of several EU countries, only partially assuaged the discontent. The demands for transparency and a more equitable agreement intensified, leading the Commission to revise the deal. However, Poland’s refusal to sign the revised agreement highlighted the growing fissures between EU member states and the Commission’s negotiation tactics.

Fast forward to the aftermath of Poland’s October election, which saw the opposition gain enough seats to potentially install Donald Tusk, a centrist figure, in power. Pfizer’s lawsuit, potentially amounting to €1.2 billion, presents a formidable challenge for Tusk’s administration. This move by Pfizer is not just about recouping losses but sending a stark message to other nations considering contract breaches.

The Commission was able to extract commitments from Pfizer to reschedule some deliveries, but this didn’t go far enough to appease the capitals.

As vaccination rates flatlined, countries outside the Central and Eastern European group started joining the call for a renegotiation. At one point capitals even began asking for greater transparency on the original negotiations between Pfizer and the Commission. “What was promised? We would really like to know,” said Belgian ambassador Pierre Cartuyvels in December 2022.

In May this year, the Commission quietly announced a substantial renegotiation of the offending deal. It was reducing — by an unspecified amount — the number of doses outstanding, while the deliveries would also be more spread out, into 2026. Poland, however, refused to sign up to the revised deal. -Politico

According to Polish Health Minister Katarzyna Sójka in comments to Rynek Zdrowia, this is a difficult case, but there’s a chance it can end “in a positive way.”

SLAY NEWS

The latest reports from Slay News

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Pro-Hamas Protests Share ‘Same Ideology’ and ‘Bloodlust’ as BLM Riots, Experts WarnExperts are warning that the pro-Hamas anti-Israel protests springing up across the country bear striking fundamental resemblances with the violent Black Lives Matter riots of 2020.READ MORE

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Adam Schiff Sends Anti-First Amendment Letter to Elon Musk Demanding Censorship on XRep. Adam Schiff (D-CA) is leading a group of anti-First Amendment Democrats demanding Elon Musk start censoring American users on his social media platform Twitter/X.READ MORE

Formal Complaint Filed with Michigan Bar over Democrat Rep Tlaib’s Anti-Semitism, False Claims about IsraelRadical Democrat Rep. Rashida Tlaib (D-MI) is facing disbarment after a formal complaint against the congresswoman was filed with the State Bar of Michigan.READ MORE

Incomplete Mail-In Ballots Must Be Counted in Pennsylvania, Federal Judge RulesA federal judge has ruled that incomplete mail-in ballots must be counted in the key battleground state of Pennsylvania.READ MORE

Trump Slams DOJ after No Charges Filed in Biden’s Classified Docs Probe: ‘Very Corrupt’President Donald Trump has blasted the “very corrupt” Department of Justice (DOJ) over the federal agency’s “selective prosecution” agenda.READ MORE

New York Prosecutor Drops Firearm Charge against Jewish Councilwoman Spotted Armed during Pro-Hamas RallyA Jewish Republican New York City councilwoman was arrested and charged with carrying a firearm for her own protection when a pro-Hamas rally broke out on a college campus last month.READ MORE

Gun Ownership Soars to Record High as Biden Pushes Anti-Second Amendment Agenda: ‘Stunning Number’As President Joe Biden and the Democrats continue to push their radical anti-Second Amendment agenda, the American people are responding by buying guns in their droves.READ MORE

Tucker Carlson Warns Public about Gavin Newsom: ‘Most Ruthless & Evil Person I’ve Ever Seen in Politics’Independent news anchor Tucker Carlson has issued a warning to the American people about California’s Democrat Governor Gavin Newsom.READ MORE

Pro-Hamas Protesters Sabotage Macy’s Thanksgiving Day Parade in NYCA group of pro-Hamas protesters sabotaged the Macy’s Thanksgiving Day Parade in New York City by disrupting the event while chanting anti-Israel statements.READ MOREThe latest reports from Slay NewsCanada Begins Replacing Meat with Insects for Public ConsumptionThe far-left Canadian government has been caught pumping millions of dollars in taxpayer money into plans to eliminate traditional meat for public consumption and replace it with insect-based “foods.”READ MOREMasks Caused Increase in Covid Infections, Major Study FindsA major new peer-reviewed study has concluded that face masks have played a key role in the spread of Covid infections.READ MOREGrid Operator Raises Alarm as Power for Millions Threatened by Coal Plant ShutdownA power grid operator is raising the alarm as a major coal plant is about to be shut down by green agenda policies.READ MORESupreme Court May Take Up Jan 6 Defendant’s Case Challenging ChargesThe United States Supreme Court is considering taking up a case of a Jan. 6 defendant who is challenging their charges as a violation of the U.S. Constitution.READ MOREEx-Trump Executive Testifies He Was Forced Out of Job He ‘Loved’ by Political InvestigationsThe former controller at the Trump Organization had an emotional breakdown on the witness stand while telling the court how he was forced out of a job he “loved.”READ MOREHouse Ethics Committee Declines to Investigate Democrat Rep Bowman for Triggering Fire AlarmThe House Ethics Committee has decided not to open an investigation into Democrat Rep. Jamaal Bowman (D-NY) over the recent fire alarm scandal.READ MOREMSNBC’s Joy Reid Smears Speaker Johnson for Expressing His Christian FaithFar-left MSNBC host Joy Reid has smeared House Speaker Mike Johnson (R-LA) on national television over his vocal expressions of his Christian faith.READ MOREModerna Ran Covert Operation to Shut Down Online Vaccine Critics, Report RevealsPharmaceutical giant Moderna engaged in a widespread operation that sought to covertly shut down critics of the company’s experimental Covid mRNA shots.READ MOREOhio Egg Farm Slaughters over 1.3 Million Chickens amid Bird Flu SpreadA major egg farm in Ohio has been forced to cull over 1.3 million chickens in an effort to contain outbreaks of bird flu.READ MOREHollywood Elites to Host Major Fundraiser for Biden’s 2024 CampaignHollywood elites are throwing a major fundraiser in the hopes of saving Democrat President Joe Biden’s struggling 2024 campaign.READ MORE

EVOL NEWS

FBI Busts Child Predator Using ‘Pizza’ as Code Word OnlineREAD MORE… LATEST NEWS:Big Pharma Admits Covid mRNA Injections Cause CancerRead more…Pro-Palestine Protesters Disrupt Macy’s Day ParadeRead more…NYC Mayor Adams Hit with Sexual Assault Complaint After Slamming Biden’s Border CrisisRead more…Populist Firebrand Geert Wilders Wins Big Electoral Victory in Netherlands, May Become Next Prime MinisterRead more…Anti-Israel mob stages furious protest outside New York Times officesRead more…State of Emergency Declared in Kentucky as Train Derailment Spills Toxic ChemicalsRead more…Leaked NSA Docs: Top U.S. Spy Agency Compromised by Critical Race Theory, Gender Queer IdeologyRead more…The Pentagon is on the Verge of Deploying AI Weapons That Autonomously Kill HumansPreferred Pronouns: US Border Agents Told to Use ‘Woke’ LanguageREAD MORE… LATEST NEWS:Iceland Bans Covid Shots amid Soaring Sudden DeathsRead more…Germany and US ‘will pressure Zelensky to negotiate with Russia’Read more…“We Go Undercover As Antifa In the Crowd”: New J6 Footage BLOWS UP Mainstream NarrativeRead more…Conor McGregor Offers Reward to Hero Who Stopped Knife-Wielding Attacker in IrelandRead more…Trump’s Legal Team Clashes With DOJ Over Motions to DismissRead more…Pro-Democrat ‘Local News’ Operation Raked in Cash From Prolific Dark Money Network in Lead-up to ElectionsRead more…BREAKING: Derek Chauvin Reportedly Stabbed In Prison * * by DanielleRead more…BREAKING: Derek Chauvin Stabbed In Prison, Left “Seriously Injured”Read more…Read more

NEWS ADDICT

LATEST REPORTS FOR NEWS JUNKIES

Big Pharma Admits Covid mRNA Injections Cause CancerA pharmaceutical giant has gone on the record and admitted that its experimental Covid mRNA injections cause cancer.READ THE FULL REPORT

FBI Busts Child Predator Using ‘Pizza’ as Code Word OnlineFBI agents were able to track down and arrest a child predator through his use of the word “pizza” as a code word in online chats.READ THE FULL REPORT

Pentagon Close to Deploying AI Weapons That Autonomously Kill HumansThe United States government is strongly considering the use of AI-controlled drones that can make autonomous choices on whether to kill human targets, according to a report by the New York Times.READ THE FULL REPORT

Leaked NSA Docs: Top U.S. Spy Agency Compromised by Critical Race Theory, ‘Gender Queer’ IdeologyA U.S. intelligence agency is compromised by radical neomarxist ideology in much the same way as the U.S. military has been subverted in recent years, leaked documents reported by the Daily Wire reveal.READ THE FULL REPORT

State of Emergency Declared in Kentucky as Train Derailment Spills Toxic ChemicalsHundreds of people were evacuated in rural Kentucky on Thanksgiving after a train derailed and erupted into flames, causing a dangerous chemical leak. At least 16 of the train’s 40 cars derailed at Livingston, 60 miles south of Lexington. As a result of the train crash, molten sulfur caught fire and emitted hazardous odors. Lexington is a small town with …READ THE FULL REPORTLATEST REPORTS FOR NEWS JUNKIESIceland Bans Covid Shots amid Soaring Sudden DeathsAs excess deaths, strokes, blood clots, sudden cardiac arrests, and other “unexplained” health issues continue to soar around the world, the government of Iceland has taken decisive action and banned Covid mRNA shots from the island nation.READ THE FULL REPORTBill Gates: Public Must Eat GM Foods to Fight ‘Climate Crisis’Microsoft co-founder Bill Gates is calling on governments to start feeding the public genetically modified foods in order to fight the so-called “climate crisis.”READ THE FULL REPORT

MICHAEL EVERY/PHIL MAREY/OR OTHER EXECS //RABOBANK

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7//OIL ISSUES//NATURAL GAS ISSUES//ELECTRICAL GRID ISSUES// RENEWABLE ENERGY ISSUES//USA AND GLOBE

Greek Tankers Stop Transporting Russian Oil As US Starts Enforcing Moscow Sanctions

SATURDAY, NOV 25, 2023 – 09:55 AM

With Putin successfully evading and flaunting all European attempts to halt Russian oil exports one year after western nations imposed a Russian oil embargo at the end of 2022 (which has proven even more porous than the US embargo on Iranian oil exports which recently hit a five-year high), Brussels’ attempts to starve the Kremlin of its oil revenues may finally get some traction with the help of three major Greek shipping firms which, according to Reuters, have stopped transporting Russian oil in recent weeks in order to avoid U.S. sanctions being imposed on some shipping firms carrying Russian oil.

Greek shippers Minerva Marine, Thenamaris and TMS Tankers have stopped transporting Russia oil in recent weeks, the Reuters sources said. All three firms were active shippers of Russian oil and fuels up until September-October when they started scaling down their involvement.

The development could be a blow to Russia, which according to analysts has been in breach of the OPEC+ quota, pumping more oil than permitted, as it narrows the number of shipping firms that are ready to transport Russian oil to consumers in Asia, Turkey, the Middle East, Africa and South America – although traders said Moscow still had enough shipping firms for now.The oil products tanker Nord and a bulk carrier sail near the crude oil terminal Kozmino in Nakhodka Bay near the port city of Nakhodka, Russia

In October, Washington imposed the first sanctions on owners of tankers in Turkey and the United Arab Emirates carrying Russian oil above the G7’s price cap of $60 a barrel. Last week, it imposed sanctions on three more ships.

Whereas the G7 countries introduced a price cap on Russian oil in late 2022, but had not previously enforced it out of fears that an embargo that was too effective would send global oil prices soaring as a result of the millions of barrels taken out of the market. The price cap allows Western firms to provide shipping and insurance services for Russian crude as long as the oil is sold below $60 per barrel. The cap is designed to limit Russian export revenues.

Russia’s main export grade, Urals, has been trading above the $60 per barrel cap since mid-July amid production cuts by the OPEC+ group of oil producing countries, prompting many market watchers to say the price cap wasn’t working.

Russia’s Pacific ESPO Blend crude oil grade has also traded above the cap, according to U.S. Treasury data.

The three Greek firms had been shipping Russian oil for decades and continued to do so when most other Western companies quit running the routes to avoid rising sanction risks and the imposition of the price cap.

Naturally, the routes have been lucrative, and even more so when many other shippers stopped serving Moscow. Indeed, Russian oil trade has brought record revenues over the past year to the shippers who took the risk and stayed in the business, just as Zoltan Pozsar predicted nearly two years ago.

Freight rates for Russian oil transportation jumped to as high as $15 million per tanker voyage from Baltic ports to India last winter as shippers charged high rates because of the risk. That was several times more expensive than shipments of non-sanctioned crude.

The three Greek companies operate more than 100 oil tankers capable of handling almost all the oil exports from Russia’s European ports of Primorsk, Ust-Luga and Novorossiisk of roughly 10 million tonnes a month or 2.4 million barrels per day.

They also operate a fleet of smaller tankers that transport fuel.

“The dark fleet might not be enough to transport all of Russian oil,” one of the traders involved in Russian oil shipping said, referring to the emergence of the so-called “dark fleet” of shippers that move oil from sanctions-hit Russia and Iran and are not covered by Western insurance.

He cited as the main reason the fact that the Russian oil was now travelling 8-10 weeks to reach customers in Asia as opposed to two weeks before sanctions, when oil was sold in Europe. That means more tankers are required for the trade. However, for now Russia appears to be coping as other shipping companies stepped in, traders said.

Russia is now relying on its shipping company Sovcomflot and many little-known shipping firms registered in the UAE, India, Hong Kong, Seychelles, Ghana and other locations, according to traders and shipping data.

Despite the Greek tanker firms’ exiting the Russian oil transit market, so far all of Moscow’s oil meant for export is reaching its targets, even if with a several week delay. However, should the US tighten the noose even more and impose further limits on how many tankers Russia can access, there will come a point where the oil market enters a structural deficit as available Russian oil can no longer reach buyers, at which point oil prices will surge making even less Russian oil eligible for exports and leading to the next commodity crisis.

END

8. EMERGING MARKETS//AUSTRALIA NEW ZEALAND ISSUES//

ARGENTINA

THIS will take time but Milei’s Austrian School economics will finally put Argentina on the path of recovery

(zerohedge)

Why Milei Must Shut Down The Argentina Central Bank

MONDAY, NOV 27, 2023 – 12:45 PM

Authored by Daniel Lacalle,

The monumental fiscal and monetary hole that Peronists Massa and Fernández have left for Javier Milei is difficult to replicate. Ex-president Mauricio Macri himself explained that the inheritance Milei receives is “worse” than the one he found from Cristina Fernández de Kirchner. Peronism leaves a country in ruins and with a massive time bomb for the next administration.

The enormous economic problems of Argentina start with a primary fiscal deficit of 3% of GDP and a total deficit (including interest expenses) exceeding 5% of GDP. Moreover, it is a structural deficit that cannot be reduced unless public spending is slashed. Public expenditure already accounts for 40% of GDP and has doubled in the era of Kirchnerism. If we analyze Argentina’s budget, up to 20% is purely political spending. The previous left-wing administration only cut spending on pensions, which were half of the adjustment in real terms, according to the Argentine Institute of Fiscal Analysis.

Massa and Fernández’s interventionist policies and price controls have left a shortage of meat and gasoline in a country rich in oil and livestock, demonstrating again what Milton Friedman said: “Will we read next that government control of prices has created a shortage of sand in the Sahara?”

We must not forget that the Fernandez administration leaves Argentina with an annual inflation rate of 140% following an insane increase in the monetary base of more than 485% in five years, according to the Central Bank of Argentina.

This confiscatory and extractive fiscal and monetary policies have created a disaster in the central bank reserves. Fernandez leaves a bankrupt central bank with negative net reserves of $12 billion and a time bomb in remunerated liabilities (Leliqs) that exceed 12% of GDP and effectively mean more money printing and inflation in the future, when they mature. With a country risk of 2,400 basis points, the self-proclaimed “socialism of the 21st century” government has left Argentina and its central bank officially bankrupt, with 40% of the population in poverty and with a failed currency.

Milei must now confront this poisoned legacy with determination and courage.

Macri, who suffered from the error of gradualism, recently argued that there was no room for mild measures, and he is right.

Milei has promised to shut down the central bank and dollarize the economy.

However, can it be accomplished?

The answer is yes. Absolutely.

To understand why Argentina must dollarize, the reader must know that the peso is a failed currency that even Argentine citizens reject. Most Argentine citizens already save what they can in US dollars and conduct all major transactions in the US currency, because they know that their local currency will be dissolved by government interventionism. The government has 15 different exchange rates for the peso, all fake, of course, all of which have only one objective: to steal from citizens their US dollars at a fake exchange rate.

The central bank is bankrupt, with negative net reserves, and the peso is a failed currency. Therefore, shutting down the central bank is essential, and the country needs to have an independent regulator without the power to print currency and monetize all the fiscal deficit, and it must eliminate the possibility of issuing the insane Leliq (remunerated debt) that destroys the currency today and in the future.

Shutting down the central bank requires an immediate and strong solution to the Leliqs, which will have to include a realistic approach to the monetary mismatch in a country where the “official exchange rate” is half the real market rate against the US dollar. Taking a bold step to recognize this monetary mismatch, closing the central bank, and ending the monetization of debt are three essential steps to end a path to the destruction of a country comparable to that of Venezuela. Milei understands this and knows that the US dollars that citizens save with enormous difficulty should flow back to the domestic economy by recognizing the monetary reality of the country making the US dollar a legal tender for all transactions.

The monetary issue is one side of a hugely problematic coin.

The fiscal problem needs to be addressed.

Milei needs to put an end to the bloated fiscal deficit, and that requires an adjustment that eliminates political spending without destroying pensions. This must involve selling some of the many inefficient and bloated public companies and the excess spending in purely political subsidies. Secondly, Milei must put an end to the ridiculous trade deficit. Argentina must slash the misguided protectionist and interventionist laws if the Peronists are open to the world to export all they can. To do this, it needs to put an end to the ridiculous “currency exchange rate clamp” and the 15 false exchange rates that the government uses to expropriate dollars from citizens and exporters with unfair rates and confiscations.

Taxes need to be lowered in a country that has 165 taxes and the highest tax wedge in the region, where small and medium-sized enterprises pay up to 100% of their sales.

Argentina must change what is currently a confiscatory and predatory state. Additionally, bureaucratic barriers, protectionist measures, and political subsidies must be removed. Furthermore, Milei must ensure legal certainty and an attractive and reliable regulatory framework where the ghost of expropriation and institutional theft does not return.

Milei’s challenges are many, and the opposition will try to sabotage all market-friendly reforms because many politicians in Argentina became very powerful and rich turning the country into a new Venezuela.

If Argentina wants to become a thriving economy that returns to prosperity, it needs a stable macroeconomic and monetary system. It must recognize it has a failed currency and a bankrupt central bank and implement the urgent measures required as quickly as possible. It will be difficult but not impossible, and the potential of the economy is enormous.

Argentina was a rich country made poor by socialism. It needs to abandon socialism to become rich again.

END

END

YOUR EARLY CURRENCY/GOLD AND SILVER PRICING/ASIAN CLOSING MARKETS AND EUROPEAN BOURSE OPENING AND CLOSING/ INTEREST RATE SETTINGS MONDAY MORNING 7;30AM//OPENING AND CLOSINGS

EURO VS USA DOLLAR:  1.0952 UP  0.0019

USA/ YEN 148.86 DOWN .417  NOW TARGETS INTEREST RATE AT 1.00% AS IT WILL BUY UNLIMITED BONDS TO GETS TO THAT LEVEL…//YEN  STILL FALLS//

GBP/USA 1.2637  UP    0.0062

USA/CAN DOLLAR:  1.3634 UP 33 (CDN DOLLAR  DOWN 33 BASIS PTS)

 Last night Shanghai COMPOSITE CLOSED DOWN 9.27 PTS OR 0.30%

 Hang Seng CLOSED DOWN 34.36  PTS OR 0.20%

AUSTRALIA CLOSED DOWN 21%  // EUROPEAN BOURSE:  MOSTLY RED EXCEPT SPAIN

Trading from Europe and ASIA

I) EUROPEAN BOURSES:  MOSTLY RED EXCEPT SPAIN

2/ CHINESE BOURSES / :Hang SENG DOWN 34.36 PTS OR 0.20%  

/SHANGHAI CLOSED  DOWN  9.27 PTS OR 0.30%

AUSTRALIA BOURSE CLOSED DOWN 0.21%

(Nikkei (Japan) CLOSED  DOWN 177.86  PTS OR 0.53%

INDIA’S SENSEX  IN THE RED

Gold very early morning trading: 2014.10

silver:$24.74

USA dollar index early MONDAY  morning: 103.15 DOWN 14 BASIS POINTS FROM FRIDAY’s CLOSE.

MONDAY  MORNING NUMBERS ENDS

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And now your closing MONDAY NUMBERS 11: 30 AM

Portuguese 10 year bond yield: 3.203%  DOWN 8  in basis point(s) yield

JAPANESE BOND YIELD: +0.773% UP 0 AND  1//100   BASIS POINTS /JAPAN losing control of its yield curve/

SPANISH 10 YR BOND YIELD: 3.534 DOWN 10  in basis points yield

ITALIAN 10 YR BOND YIELD 4.296 DOWN 10 points in basis points yield ./ THE ECB IS QE’ ING ITALIAN BONDS (BUYING ITALIAN BONDS/SELLING GERMAN BUNDS)

GERMAN 10 YR BOND YIELD: 2.5405 DOWN 10  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 1.0955 UP  0.0022 or 22  basis points

USA/Japan: 148.65 DOWN .632 OR YEN  UP 63 basis points/

Great Britain/USA 1.2628  UP0.0054  OR 54  BASIS POINTS //

Canadian dollar DOWN .0015 OR 15 BASIS pts  to 1.3615

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The USA/Yuan,  CNY: closed    ON SHORE  CLOSED    (DOWN) …7.1529

THE USA/YUAN OFFSHORE:    (YUAN CLOSED (UP)…. (7.1606)

TURKISH LIRA:  28.91 EXTREMELY DANGEROUS LEVEL/DEATH WATCH/HYPERINFLATION TO BEGIN.//ON DEATH WATCH

the 10 yr Japanese bond yield  at +0.773…VERY DANGEROUS

Your closing 10 yr US bond yield DOWN 10 in basis points from FRIDAY at  4.384% //trading well ABOVE the resistance level of 2.27-2.32%) very problematic

 USA 30 yr bond yield  4.524 DOWN 10  in basis points   ON THE DAY/12.00 PM

USA 2 YR BOND YIELD: 4.882 DOWN 7  BASIS PTS.

Your  12:00 AM bourses for Europe and the Dow along with the USA dollar index closing and interest rates:  MONDAY: CLOSING TIME 12:00 PM

London: CLOSED DOWN 27.58  POINTS or 0.37%

German Dax :  CLOSED DOWN 63.12 PTS OR 0.39%

Paris CAC CLOSED DOWN 27.31 PTS OR 0.37%

Spain IBEX DOWN 2.90  PTS OR 0.03%

Italian MIB: CLOSED DOWN 90.01 PTS OR 0.31%

WTI Oil price  75.00   12: EST

Brent Oil:  80.04 12:00 EST

USA /RUSSIAN ROUBLE ///   AT:  88,81;   ROUBLE DOWN 0 AND  20//100      

GERMAN 10 YR BOND YIELD; +2.5405 DOWN 10  BASIS PTS

UK 10 YR YIELD: 4.384 UP 5  BASIS PTS

CLOSING NUMBERS: 4 PM

Euro vs USA: 1.0955  UP   0.0022   OR 22 BASIS POINTS

British Pound: 1.2628 UP   .0054 or 54 basis pts

BRITISH 10 YR GILT BOND YIELD:  4.3455%  UP 2 BASIS PTS//

JAPAN 10 YR YIELD: .773%

USA dollar vs Japanese Yen: 148.65 DOWN .652 //YEN  UP 65  BASIS PTS//

USA dollar vs Canadian dollar: 1.3615 UP 0.0015 CDN dollar  DOWN 15   basis pts)

West Texas intermediate oil: 75.00

Brent OIL:  80.04

USA 10 yr bond yield DOWN 10  BASIS pts to 4.4384%  

USA 30 yr bond yield DOWN 10  BASIS PTS to 4.524%

USA 2 YR BOND: DOWN 7 PTS AT  4.882 %

USA dollar index: 103.10 DOWN 10  BASIS POINTS

USA DOLLAR VS TURKISH LIRA: 28.91 (GETTING QUITE CLOSE TO BLOWING UP/

USA DOLLAR VS RUSSIA//// ROUBLE:  88.81  DOWN   AND  20/100 roubles

GOLD  2013.90 3:30 PM

SILVER: 24.64  3:30 PM

DOW JONES INDUSTRIAL AVERAGE: DOWN 56.68 PTS OR 0.16%

NASDAQ down 20.03 PTS OR 0.13%

VOLATILITY INDEX: 12.70 UP 0.24 PTS (1.93)%

GLD: $186.77 up 1.25 OR 0.67%

SLV/ $22.56 up .29 OR 1.30%

end

USA AFFAIRS

USA TRADING IN GRAPH FORM

Bonds & Bullion Shrug Off Black Friday Blues; Banks & Builders Bruised

BY TYLER DURDEN

MONDAY, NOV 27, 2023 – 04:00 PM

Ugly home sales data and a dismal dip back into contraction for Texas manufacturing production continued the trend of disappointing macro data…

Source: Bloomberg

Black Friday was ‘mixed’ according to reports.

No one really knows how the American consumer did over the weekend – choose your own adventure:

• HOT – Black Friday e-commerce spending popped 7.5% from a year earlier, reaching a record $9.8 billion in the U.S., according to an Adobe Analytics report.
• COLD – Morgan Stanley analyst Alex Straton’s Black Friday store checks pointed to ~flat to down Y/Y traffic across Softlines Retail/Brands. Goldman Sachs analyst Kate McShane visited various retailers on Black Friday, noting that overall traffic still appeared muted relative to 2019 at most “traditional” Black Friday weekend destinations
• JUST RIGHT? – Mastercard Spendingpulse said on Saturday that U.S. retail sales on Black Friday rose 2.5% year-over-year

Mickey Drexler summed it all up best: Black Friday is a “race to the bottom,” that trains consumers to always expect discounts –  significantly cutting into retailers’ margins

One look at bonds today suggests that Morgan Stanley and Goldman Sachs may be on to something as yields tumbled (with the long-end outperforming today: 30Y -7bps, 2Y -4bps), erasing much of Friday’s thin liquidity rise in yields…

Source: Bloomberg

Nasdaq outperformed on the day but none of the majors were able to hold gains from the 1300ET close on Friday. Small Caps were the biggest loser…

VIX ended higher on the day with a 12-handle close for the 2nd day in a row…

Homebuilders dumped on the ugly housing data reality-check. But, of course, the BTFD crowd stepped in because rates were falling…

Bank stocks were sold today…

…perhaps as reality hits about the sudden recent re-accleration in demand for funds from The Fed’s emergency bank bailout plan…

Source: Bloomberg

The dollar extended its recent trend lower…

Source: Bloomberg

And as the dollar dropped, spot gold prices accelerated higher, breaking back above $2000 to its highest since May…

Source: Bloomberg

Oil prices trod water today with WTI hovering around $75…

Gold’s gain was crypto’s loss today as Bitcoin slipped back to $37,000

Source: Bloomberg

Finally, financial conditions continue to loosen dramatically…

Source: Bloomberg

Will Powell use his speech this week to walk back this dovish overhang and re-engage the ‘FCI Loop’?

Global liquidity suggests S&P’s fair value is “lower”…

Source: Bloomberg

Which will it hit first – 5,000 or 3,600?

EARLY MORNING TRADING//

TUCKER CARLSON

II USA DATA

Small Bank Deposit Outflows Continue As Fed Bailout Fund Usage Jumps To Another New Record High

FRIDAY, NOV 24, 2023 – 05:30 PM

Total domestic US banks saw inflows last week on a SA and NSA basis…

Source: Bloomberg

But, while large banks saw $16.5BN (SA) in deposit inflow, small banks suffered another weekly deposit outflow (of $3.3BN SA) last week…

Source: Bloomberg

This pulled total deposits down to their lowest since September after rising (on a Fed magically-adjusted basis) for six months…

Source: Bloomberg

And as deposits flow out of small banks, usage of The Fed’s emergency funding facility for the banks increased to a new record high again, above $114BN…

Source: Bloomberg

Meanwhile, the amount of money that investors are parking at The Fed’s reverse repo facility has accelerated since breaking below $1 trillion to its lowest since July 2021. Some 94 counterparties parked $865.9 billion at the Fed’s overnight reverse repo facility, the lowest since July 2021, from $931.6 billion the prior session. The roughly $66 billion decrease is the largest drop since Oct 12.

Source: Bloomberg

As we previously noted, this marks a steep decline from a record $2.554 trillion stashed on Dec. 30, and some are starting to worry about the consequences.

 Wrightson ICAP economist Lou Crandall said in a note Monday that the Fed should stop paring its bond holdings before the facility is completely emptied to make sure that banks’ cash buffers don’t get too lean and increase pressure on short-term funding markets.

“We think banks should be encouraged to hold deep liquidity buffers, so our preference would be to adopt a generous definition of ‘ample,’” Crandall wrote.

“Surplus cash sitting in the RRP facility can be redeployed by money funds into the repo market in the event of a spike in financing needs.”

Reserve scarcity has caused overnight lending rates to jump in the past, notably in 2019, when the Treasury increased its borrowing and the Fed stopped buying as many Treasuries for its balance sheet.

The Fed’s balance sheet shrank very modestly last week, down by just $4.2BN

Source: Bloomberg

Loan volumes increased last week (after two weeks of declines) with large bank loans up $7.1BN and small bank loans up $9BN (odd given the deposit outflows)…

Source: Bloomberg

Equity market cap continued to bounce back along with an increase in bank reserves at The Fed…

Source: Bloomberg

All of which is a problem, as the key warning sign continues to trend ominously lower (Small Banks’ reserve constraint), supported above the critical level by The Fed’s emergency funds (for now)…

Source: Bloomberg

As the green line shows, without The Fed’s help, the crisis is back (and large bank cash needs a home – blue line – like picking up a small bank from the FDIC?).

END

New homes sales hammered in October

New Home Sales Hammered In October As Homebuilders Hit The Wall, Prices Plunge

MONDAY, NOV 27, 2023 – 10:12 AM

With existing home sales collapsing to their lowest SAAR since 2010, new home sales are the only pillar left holding up any hope in the US housing market. However, with housing affordability at its lowest since at least the early 1980s, (and homebuilder sentiment slumping as mortgage rates rose), it’s no surprise that analysts expected new home sales in October to tumble 5.0% MoM (after their unexpected 12.3% surge in September). 

As a reminder, The Mortgage Bankers Association’s index of home-purchase applications tumbled to 120 – the lowest level since 1995 – as mortgage rates hit 8% for the first time in 23 years in October.

Source: Bloomberg

So, it should be no surprise that new home sales were even worse than expected, plunging 5.6% MoM (and making it even worse, the 12.3% MoM jump in Sept was revised down to +8.6%)…

Source: Bloomberg

The trend of downward revisions continues…

The New Home Sales SAAR of 679k is flat from April (that was below all economists’ forecasts)…

Source: Bloomberg

It appears the homebuilders finally hit their wall eating the gap between these two lines was just not sustainable…

Source: Bloomberg

And as we noted previously, homebuilders can’t be filling this gap either – between the current 30Y mortgage rate and the effective rates that borrowers are currently paying on their home loans – (i.e. subsidizing new home sales) forever…

Source: Bloomberg

The median new home price fell 17.6% y/y to $409,300; average selling price at $487,000

That is the lowest median price since Aug 2021, catching back down to existing home prices…

Source: Bloomberg

Is Powell winning his war on affordability? Or crushing the middle class’s main source of wealth?

END

III) USA ECONOMIC STORIES

Say Goodbye To The Middle Class: Half Of All American Workers Made Less Than $40,847.18 Last Year

MONDAY, NOV 27, 2023 – 04:20 PM

Authored by Michael Snyder via TheMostImportantNews.com,

If you are wondering why so many Americans are stressed about their finances these days, just look at the numbers. 

The Social Security Administration just released national wage statistics for 2022, and the figures that they have given us do not paint a pretty picture at all.  In particular, we should all be deeply alarmed that the median wage earner brought home just $40,847.18 last year.  That breaks down to about $3,400 a month, and that is before taxes. 

Needless to say, you cannot live a middle class lifestyle in America today on just $3,400 a month before taxes.  So in most households more than one person must work, and in many cases more than one person is working multiple jobs.

During our current inflation crisis, the cost of living has been rising much faster than paychecks have, and this is squeezing American families like never before.

Right now, the national median price of renting a home is $1,978 a month, and so after paying rent on a home the average worker wouldn’t have much left over for anything else.

Meanwhile, actually owning a home is the most unaffordable that it has been since 1984…

Buying and paying for a house costs Americans more now than at any point in almost four decades. Thanks to strong demand and a limited supply of new homes – even as mortgage rates have more than doubled in the past year – it now takes nearly 41% of the median household’s monthly income to afford the payments on a median-priced home, according to research from Intercontinental Exchange (ICE). The last time housing payments cost that much was in 1984.

Of course it isn’t just the cost of housing that has gone crazy.

Just about everything has soared in price over the past few years, and those at the bottom of the economic food chain are being hit the hardest…

But when compared with January 2021, shortly before the inflation crisis began, prices remain up a stunning 17.62%.

Inflation has created severe financial pressures for most U.S. households, which are forced to pay more for everyday necessities like food and rent. The burden is disproportionately borne by low-income Americans, whose already-stretched paychecks are heavily impacted by price fluctuations.

If things are hard for you and your family right now, please understand that you are not alone.

Most of the country is in the exact same boat.

In a desperate attempt to maintain their middle class lifestyles, millions upon millions of Americans have been taking on debt like never before, and as a result we are now facing an unprecedented consumer debt bubble…

Inflation has also impacted spending on major purchases. Balances on non-housing loans have more than doubled since 2003, totaling roughly $4.8 trillion, according to data from the New York Federal Reserve. More than $500 billion of that debt accumulated just in the past two years – a bigger jump than any other two-year period since 2003, the earliest year available.

Some of that debt comes from skyrocketing car prices, but credit card balances are growing the fastest of all – roughly 34% from the fall of 2021.

Unfortunately, the consumer debt party is coming to an end because financial institutions are starting to become significantly tighter with their money.

A credit crunch has begun, and it is only going to intensify in the months ahead.

Of course that is more bad news for our rapidly shrinking middle class.

More formerly middle class Americans are falling into poverty with each passing day, and this is causing an alarming surge in demand at food banks from coast to coast…

As families across the nation prepare for the holiday season, some food banks across the United States dedicated to fighting hunger say they are experiencing an increase in demand following the end of pandemic-era SNAP benefits, an increase in inflation, and other regional factors.

Caroline De La Fuente helps care for her 16 grandchildren while their parents work to make ends meet and is one of the thousands of people who, according to data, depend on food banks. She told ABC News that without the San Antonio Food Bank, her family and others in the community wouldn’t eat.

“A lot of people would go hungry,” she said. “Kids would go hungry at night. People would not be able to celebrate Thanksgiving.”

The number of homeless Americans is spiking as well.

In fact, the Wall Street Journal has reported that homelessness in the United States has been increasing at the fastest pace ever recorded in 2023….

The U.S. has seen a record increase in homeless people this year as the Covid-19 pandemic fades, according to a Wall Street Journal review of data from around the country.

Yes, this is really happening.

The middle class really is coming apart at the seams right in front of our eyes.

And this is one of the reasons why so many people have such short fuses these days.

Even the smallest things can turn some people into raving lunatics at this point.  For example, one woman actually drove her SUV into a Popeyes restaurant because an order of biscuits was missing…

A woman drove her SUV into a Georgia Popeyes building after the manager said she became angry over a missing order of biscuits Saturday, according to an incident report filed by the Richmond County Sheriff’s Office.

The manager said that prior to the crash, restaurant staff gave 50-year-old Belinda Miller biscuits to rectify the error, but she was still not happy and “…would drive her vehicle into the building.”

According to the incident report, a witness who allegedly waited in line with Miller told them to hurry and get their order “because she was coming back.”

Miller did return, according to the incident report, and allegedly drove her SUV into the chicken restaurant, narrowly missing an 18-year-old employee.

I wish that I could say that this was an isolated incident, but it isn’t.

There are so many crazy people running around out there, and you never know who will be the next one to totally lose it.

If things are this bad now, what is going to happen once the economy totally falls apart and our society descends into complete and utter chaos?

Economic conditions have deteriorated substantially in 2023, and I am entirely convinced that 2024 will be even worse…

*  *  *

IIIB USA COMMENTARIES RE ISRAEL/HAMAS WAR/ANTISEMITISM

NYPD Called After Mob Of ‘Radicalized’ Students Storm High School To Protest Pro-Israel Teacher

SATURDAY, NOV 25, 2023 – 03:45 PM

Hundreds of students protesting the Israeli government formed into a threatening mob last week, rampaging through the halls of a Queens high school for nearly two hours after they discovered one of the teachers had attended a pro-Israel rally.

Around 11 a.m. Monday at Hillcrest High School in Jamaica, Queens, students gathered for a protest which was planned on Facebook, which showed a photo of the teacher at a pro-Israel rally on Oct. 9, where she held a poster saying “I stand with Israel.”

“The teacher was seen holding a sign of Israel, like supporting it,” one senior student told the NY Post. “A bunch of kids decided to make a group chat, expose her, talk about it, and then talk about starting a riot.”

Several of the protesters attempted to breach the teacher’s classroom, which the pro-Israel educator had barricaded herself inside of.

“Everyone was yelling ‘Free Palestine!” said one senior.

About 25 NYPD cops raced to the school to quell the disturbance, principal Scott Milczewski told parents. Administrators placed the school in a “soft lockdown,” activating a team of staffers and safety agents trained to handle emergencies.

The NYPD was called to the school again the next day, and said cops arrested an 18-year-old student for making threats over a group chat. The student was charged with aggravated harassment. -NY Post

“Everyone was screaming ‘(The teacher) needs to go!’” a ninth-grader told the outlet, adding “They want her fired.”

Democrat councilman Robert Holden (D-Queens) told the Post, “I don’t know why these students are so misinformed, so intolerant and so radicalized. They don’t even know the history of the Middle East. They haven’t been taught that.”

One senior agreed, saying “I doubt half of them know how to spell Palestine,” while a sophomore suggested “They just wanted to make drama about it.”

“Just, like, chaos. They thought of it as fun.”

Students said rumors spread that the teacher “was abusing Muslims” and had taught “it was okay that children were being killed in Palestine.” Another teacher called the accusations “100% false.”

At least three students who organized the riot face superintendent’s suspensions, the most severe punishment, said a source familiar with the incident.

Milczewski said the law forbids him to discuss any consequences for students, but that the DOE “has a discipline code and I promise you that has been followed.” -NY Post

According to Hillcrest Chancellor David Banks, “We have our whole team working very closely with the students and the teachers at the school. But what’s happening in the Middle East has gotten a lot of emotions from a lot of people. We’re still figuring out what’s going on.”

The incident follows a Nov. 9 citywide walkout by some 700 NYC high school students calling for a ceasefire.

END

FREIGHT ISSUES/USA

END

VICTOR DAVIS HANSON

https://www.zerohedge.com/political/brace-yourself-whats-coming-2024-victor-davis-hanson-warns-left-knows-theyre-cooked-if

Brace Yourself For What’s Coming In 2024: Victor Davis Hanson Warns The Left Knows They’re “Cooked” If “Vampire” Trump Wins

SUNDAY, NOV 26, 2023 – 03:45 PM

In his ubiquitously calm, reasoned, non-ad-hominem, and ruthlessly fact-driven few minutes, Victor Davis Hanson dives into the left’s apparent hysteria at the looming shadow of Donald Trump’s potential return.

Hanson articulates a sense of deep-rooted fear among Trump’s opponents, summed up perfectly as follows:

“they look at Trump as a vampire and they put a stake in his heart but they’re afraid that that stake could come out any time.”

This vivid imagery sets the stage for a discussion about the intense paranoia and strategic maneuvering in the political arena, particularly among those who view Trump not just as a political rival, but as an existential threat to their vision of America.

Hanson argues that there is a perception among Trump’s adversaries that he is now more formidable and justified in his anger due to perceived injustices against him:

“They are terrified of him because they think he’s smarter this time and he has just cause to really get angry because of what they did to him.”

They rightly fear that Trump’s potential comeback would be fueled not just by political ambition, but by a personal vendetta, which could make him a more unpredictable and determined opponent.

“…if a MAGA candidate wins and they win the house and the Senate, we’re cooked.”

They are likely right! And Hanson posits a political landscape where power dynamics could shift dramatically, leading to aggressive investigations and possibly even retribution against figures in the current administration.

It’s hard to argue that Trump’s retribution would be unjustified. As Hanson points out in detail, the Democratic party’s strategies and policies – prioritizing ideology over practical governance – are detached from reality and any concept of effectiveness.

He asserts, “nobody in their right mind would do that,” referring to a range of policy decisions from border control to economic management.

In a broader reflection on the state of American politics, Hanson portrays a polarized environment where allegiance to party ideology trumps objective assessment of policies:

“They start with a deductive principle we are better… and therefore the following must happen.”

This reinforces the perceived dogmatism in the political process, where decisions are driven more by ideological conformity than by rational deliberation or public interest.

Rather ominously, Hanson concludes a bleak picture of the current political climate, drawing parallels to authoritarian regimes, suggesting a mentality of ‘us versus them,’ where belonging to the right political faction offers protection and benefits, while dissent leads to persecution.

Indeed, the political landscape is now a battleground of ideologies, with high stakes for those who choose to engage in it.

“Join the winning side, it’s sort of like in the Soviet Union, if you’re part of the nomenclature and you join the party, you’re exempt; if you’re not, well, you’re on your own.”

Watch the full clip below:

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USA// COVID//VACCINE/

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SWAMP STORIES

END

THE KING REPORT

The King Report November 26, 2023 Issue 7126	Independent View of the News
China weighs unprecedented builder support with first-ever unsecured loans – BBG China may allow banks to offer unsecured short-term loans to qualified developers for the first time, people familiar with the matter said, a major push to ease the property crisis…     As part of a package of new measures to backstop the real estate industry, regulators are considering allowing banks to issue so-called working capital loans to some developers, the people said, asking not to be identified discussing a private matter. Unlike other types of loans available to builders that typically require land or assets as collateral, the new financing facility would be unsecured and available for day-to-day operational purposes, potentially freeing up capital for debt repayment, the people said…     They would represent China’s most forceful attempt yet to plug an estimated $446 billion shortfall in funding needed to stabilize the industry and deliver millions of unfinished homes… https://finance.yahoo.com/news/china-weighs-unprecedented-builder-support-072503805.html   Red Cross Confirms Safe Release of 24 Hostages from Gaza – BBG 11:09 ET on Friday   @AFP: Qatar confirms hostages released by Hamas are 13 Israelis, 10 Thais and one Filipino   After Team Obama-Biden’s incessant hectoring of Israel for a ceasefire, NO Americans were released. A palpably feeble Biden on no US hostages released: https://twitter.com/SteveGuest/status/1728133303923011805   Biden: “I cannot prove what I’m about to say, but I believe one of the reasons Hamas struck when they did is because they knew I was working very closely with the Saudis and others in the region, to bring peace to the region by having recognition of Israel and Israel’s right to exist.” https://t.co/XVmLSmksKQ   With all the elite BSers in DC, Biden has always been at the top of the BS rankings.  Now, he’s worse.   @Hedgeye: “We think this Black Friday will be the worst in a long time.” Retailers started Black Friday promos 8 weeks ago, something @HedgeyeRetail hasn’t seen in 30 years. Holiday spending has been pulled forward into Q3 and out of Q4.     “Brands and retailers are going to panic because the consumer is not showing up.      Today’s Early Look by Hedgeye’s Retail team shows: Discretionary Retail (ex food, gas, auto) slowed to +2.8% in October, the lowest since the March banking scare.  Total retail traffic trends slowed about -6% from June to October.   https://twitter.com/Hedgeye/status/1728053508929188094   @WallStreetSilv: Target is running Black Friday deals that are 100% fake. Zero change in price. Don’t be fooled by the scheme… listen and watch https://t.co/5hfwwU7pcR   PNC Bank shutters 19 branches in a single WEEK as US Bank, JPMorgan Chase and Bank of America also close locations – Seven banks filed to close 42 branches last week… https://www.dailymail.co.uk/yourmoney/banks/article-12788267/pnc-bank-branch-closures-chase-huntington.html   ESZs traded modestly higher, but flat, from the Nikkei opening until they broke modestly lower after the 2 ET Chinese close.  The rally into and after the 3 ET European opening appeared.  ESZs hit a daily high of 4574.00 at 4:42 ET.  After vacillating in a 6-handle ranged, ESZs broke lower at 8:22 ET.   After hitting 4563.00 at 9:46 ET, dip buyers pushed ESZs to 4571.00 at 9:58 ET.  Traders decided to take profits; ESZs fell to a daily low of 4562.00 at 10:50 ET.  After a modest rebound, ESZs traded in a 4-handle range until they jumped 3 handles higher one minute before the 13:00 ET close.   On Friday, SZs sank 1 1/32, with a low of 114 24/32 at 4:12 ET.  After a rally to 115 9/32 at 7:11 ET, USZs quickly fell to 114 25/32 at 8:31 ET.  After a rebound to 115 7/32 at 9:17 ET, USZs rolled over.   Black Friday shoppers spent a record $9.8 billion in U.S. online sales, up 7.5% from last year https://www.cnbc.com/2023/11/25/black-friday-shoppers-spent-a-record-9point8-billion-in-us-online-sales-up-7point5percent-from-last-year.html   Positive aspects of previous session Some US stock indices rallied modestly   Negative aspects of previous session Bonds declined sharply Fangs declined moderately US stocks are extremely overbought; sentiment is beyond irrationally exuberant   Ambiguous aspects of previous session Will there be an equity reversal after Thanksgiving Weekend?   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]: 4557.48 Previous session S&P 500 Index High/Low: 4560.31; 4552.80   WaPo: The viral $16 McDonald’s meal that may explain voter anger at Biden One Democratic official, who spoke on the condition of anonymity to describe private conversations, said: “What are we supposed to do, tell the president or Chuck Schumer to send a tweet saying, ‘Hey, most Big Macs aren’t that expensive?’ It would look ridiculous.”…     Some economists think these kinds of comments are not just wrong but dangerous. They have been astounded by polling data on Biden’s economic approval and surveys of consumer sentiment, where results during the Biden administration are similar to the Great Recession, when unemployment was close to three times as high as it is now… (It’s the fake economic data, stupid!) https://www.washingtonpost.com/business/2023/11/24/bigmac-price-tiktok-biden-economy-inflation/   Nurse’s viral plea on living paycheck to paycheck highlights struggles in today’s economy Pennsylvania mom and registered nurse Mackenzie Moan discusses her viral TikTok video on her family’s financial struggles in today’s economy.   https://www.foxnews.com/video/6341797432112   @Julio_Rosas11 on Friday: The “Shut It down for Palestine” NYC crowd shout at shoppers outside Macy’s: “Why are you shopping? Bombs are dropping!”  There is currently a temporary ceasefire. https://twitter.com/Julio_Rosas11/status/1728126709889933473   CDC: Last Year’s Flu Shot Was Less Than 50% Effective for Children and Adolescents The CDC rolled out a digital ad campaign in September to rebrand the influenza vaccine and redefine expectations about what a yearly flu shot could and couldn’t do amid breakthrough cases. The agency’s new messaging is that the flu shot wouldn’t prevent a person from getting sick but would prevent severe illness should one still get sick… https://www.zerohedge.com/medical/cdc-last-years-flu-shot-was-less-50-percent-effective-children-and-adolescents   When it became proven that Covid vaccines did NOT prevent Covid, the CDC, possibly at someone’s command, changed its marketing campaign from ‘the vaccine will prevent Covid’ to ‘the vaccine will reduce the severity of Covid.’  BT Barnum and WC Fields would be proud of this scheme.   Top GOP Congressman: CDC, FBI wouldn’t investigate Illegal Calif Biolab Linked to China When asked on Fox News’ “Sunday Morning Futures” about how many more of the secret bio labs may exist across the United States, Gallagher responded: “The honest answer is we don’t know.”… https://www.offthepress.com/top-gop-congressman-cdc-fbi-wouldnt-investigate-illegal-calif-biolab-linked-to-china/   Hostage release delayed by Hamas, demands Israel give aid to northern Gaza https://justthenews.com/world/middle-east/hostage-release-delayed-hamas-demands-northern-gaza-receive-aid   @MarinaMedvin: Qatar is telling Hamas to comply with the deal, warning them that this delay game is a bad idea.   https://twitter.com/MarinaMedvin/status/1728463906052383066   @DrEliDavid: Following immense pressure from Egypt, Hamas agreed to abide by the agreement. Another proof that it’s never a good idea to suck up to Qatar.  The world’s leading financer of terrorism is never part of the solution.   On Saturday, Hamas released 13 Israeli (7 children, 6 women) and 4 other hostages – NO Americans!   Trump blasts American leaders as no US citizens are among Hamas hostages recently released https://t.co/028IQ6pRoO   On Sunday, Hamas released a Russian hostage and thanked Putin for his support.  Hamas later released a 4-year old American girl.   @RNCResearch: “Do you have an update on the other Americans who are being held and any sense as to when they would be released?” BIDEN: “Uhh, we are hopeful, but I don’t have anything firmly to tell you at this moment.”  https://twitter.com/RNCResearch/status/1728822619544117752      “Have you extracted any guarantees about proof of life for other hostages or do you have an expectation how much longer you can push this pause?” BIDEN: “I’m hopeful this is not the end, that it’s gonna continue, but we don’t know…”  https://twitter.com/RNCResearch/status/1728823364460986564   @sentdefender: Hamas had reportedly accepted (Egypt pressure?) the terms provided by Israel that in order to extend the ceasefire, they will have to release at least 10 hostages from the Gaza Strip every day.   GOP Sen. @BasedMikeLee: Why does President Biden seem to put more pressure on Israel than on Qatar, which provides sanctuary to the terrorists who comprise the Hamas leadership?     Ex-Senate investigator @seanmdav:  It’s because Obama, not Biden, is running this administration, and Obama hates Israel and desperately wants to empower Iran and Qatar, Iran’s top proxy. .   Barack Obama is using his toxic radical, ‘un-American, Marxist and anti-Semitic’ views to control the Biden presidency, author Scott McKay claims in new book     Author Scott McKay claims Obama would have never been elected ‘if mainstream America recognized the full extent of his radical associations and influences’     Racism, Revenge and Ruin: It’s all Obama, published by Calamo Press looks back at his negativism towards Israel and its leadership     McKay believes Obama is serving an unofficial third term by pulling strings behind Biden’s presidency with institutions who embrace his ‘Marxist vision’ https://www.dailymail.co.uk/news/article-12775531/Obama-radical-Marxist-anti-Semitic-view-control-Biden-claims-book.html   Immigration and Welfare Magnets – University of Chicago Press This article investigates if the location choices made by immigrants when they arrive in the United States are influenced by the interstate dispersion in welfare benefits. Income‐maximizing behavior implies that foreign‐born welfare recipients, unlike their native‐born counterparts, may be clustered in the states that offer the highest benefits. The empirical analysis indicates that immigrant welfare recipients are indeed more heavily clustered in high‐benefit states than the immigrants who do not receive welfare, or than natives. As a result, the welfare participation rate of immigrants is much more sensitive to changes in welfare benefits than that of natives.  https://www.journals.uchicago.edu/doi/abs/10.1086/209933   Powell Says the Quiet Part Out Loud – The Fed Is Making It Up on the Fly Jerome Powell was asked recently… what would happen in March of 2024 when loans begin coming due from the Bank Term Funding Program. He literally said that they hadn’t thought that far ahead…     The BTFP allows banks to effectively dump depreciated assets on the Fed because Powell & Co. will accept them at par as collateral on 1-year loans… The predicament of these banks mirrors the Fed’s balance sheet with $1.3 trillion in unrealized losses and its accumulation of negative remittances, labeled a deferred asset… How bad are the accumulated realized losses at the Fed? Over $120 billion…     The BTFP is loaded with long-term securities that will likely pay below-market rates for 2 to 30 years… But the real question is “what happens on March 11, 2024?” Powell & Co. don’t seem a bit concerned about this doomsday countdown for the regional banks, and Treasury Secretary Janet Yellen sounds like she welcomes it, calling for further “consolidation” in the banking sector…     Clearly, Yellen’s preference in this regard is for Jamie Dimon to just “acquire” every small bank in the country—at taxpayer expense—and then reap massive profits, thereby creating a *checks notes* “safe and stable banking system.”…     Having tasted the sweet nectar that is a government bailout, the regional banks seem to want more, judging by their balance sheets. Instead of improving their position, especially regarding the interest rate trade, their balance sheets are arguably worse today than in late March or early April when total emergency lending peaked… https://www.fxhedgers.com/p/powell-says-the-quiet-part-out-loud?s=02   Disney World visitors slam soaring concession prices: ‘I spent $500 on food and drinks for three days’ https://trib.al/Ln8fbGv   @JonathanTurley: Disney acknowledges in recent filings that its controversial political and social agenda is costing the company and shareholders. The company is concerned that “invisible hand” of Adam Smith is effectively giving the “House of Mouse” the middle finger.  https://t.co/KiJ85k9s9q   Disney’s ‘Wish’ Is a Theatrical Bomb and the Latest in a String of Woke Failures https://www.zerohedge.com/political/disneys-wish-theatrical-bomb-and-latest-string-woke-failures   @Mayhem4Markets: US equities just experienced the largest inflows since February of 2022, per BofA https://twitter.com/Mayhem4Markets/status/1728456005292269655   Today –Traders will play for the expected Monday Rally.  However, the window for an equity reversal after the rally for Thanksgiving Week is open.  Stocks are extremely overbought.  The S&P 500 has rallied 11.12% from its October 27 low of 4103.78.  ESZs are -10.00 and USZs are -10/32 at 20:00 ET.    Expected economic data: Oct New Home Sales 723k, Nov Dallas Fed Mfg Activity -16.0   S&P 500 Index 50-day MA: 4345; 100-day MA: 4413; 150-day MA: 4355; 200-day MA: 4275 DJIA 50-day MA: 33,886; 100-day MA: 34,352; 150-day MA: 34,117; 200-day MA: 33,861 (Green is positive slope; Red is negative slope)   S&P 500 Index – Trender trading model and MACD for key time frames Monthly: Trender and MACD are positive – a close below 3828.58 triggers a sell signal Weekly: Trender and MACD are positive – a close below 4229.80 triggers a sell signal Daily: Trender and MACD are positive – a close below 4458.25 triggers a sell signal Hourly: Trender is positive; MACD is negative– a close below 4532.00 triggers a sell signal   Biden’s Thanksgiving call for end to partisan ‘rancor’ takes heat after campaign blasts ‘crazy MAGA nonsense’ https://www.foxnews.com/media/bidens-thanksgiving-call-end-partisan-rancor-takes-heat-campaign-blasts-maga-nonsense   Kamala Harris roasted over Thanksgiving photo: ‘Gas stoves for me but not for thee’ https://t.co/plgMpGZI6a   @kylenabecker: New J6 footage shows a Capitol Police officer shoving a MAGA grandma down the stairs https://t.co/jdJPg9e8Dp   @MrAndyNgo: Elon Musk reacts to Irish prime minister saying that the country needs to expand its hate speech legislation following the violence in Dublin overnight where people rioted over news that an immigrant suspect allegedly carried out mass stabbing of children.     @elonmusk: Ironically, the Irish PM hates the Irish people.   Policing Pronouns: Border agents’ union lambasts latest Biden political correctness order “We can’t be worrying about whether we’re going to hurt somebody’s feelings,” Brandon Judd says.      “DO NOT use ‘he, him, she, her’ pronouns until you have more information about, or provided by, the individual,” the memo instructed agents… https://justthenews.com/government/security/fripolicing-pronouns-border-agents-union-lambasts-latest-biden-political   @LizCrokin: FBI CONFIRMS PIZZAGATE IN COLLEGE STATION, TEXAS CASE!  Clint Harnden, who worked at Texas A&M was arrested on child pornography charges earlier this month and the FBI reported he used the pedophile code word “pizza” in chats to discuss child porn… https://t.co/TYsWcrGabk   Trump ripped evangelicals as ‘so-called Christians,’ ‘pieces of s—‘: book Trump railed against “so-called Christians” and “pieces of s—” evangelicals who supported Sen. Ted Cruz (R-Texas) in the 2016 Iowa caucuses, according to a forthcoming book… https://trib.al/kiV3pAh   Mitt Romney says he would vote for Democrat over Trump, Vivek Ramaswamy https://t.co/XrpK2nsX4R   Brace Yourself for What’s Coming In 2024: Victor Davis Hanson Warns the Left Knows They’re “Cooked” if “Vampire” Trump Wins – “They are terrified of him because they think he’s smarter this time and he has just cause to really get angry because of what they did to him”… https://www.zerohedge.com/political/brace-yourself-whats-coming-2024-victor-davis-hanson-warns-left-knows-theyre-cooked-if   @CWBChicago: Ronald Browning, accused of scamming Chicago businesses by posing as a city inspector while on parole for his 44th, 45th, and 46th felony convictions, is heading back to prison after pleading guilty to his 47th, 48th, and 49th felonies.   NYPD cops leave force in alarming rate — over 2,500 turned in badges so far in 2023 https://trib.al/gGuBgN0   @EvaVlaar: Derek Chauvin (stabbed in federal prison) is a victim of mass formation psychosis and mob rule. He did not murder George Floyd (per autopsy and ex-MN prosecutor’s lawsuit) and because the truth has come to light, it would clearly be a lot easier for a lot of people if he just disappeared. It’s a disgrace and I truly feel for him. Imagine being him. He’s living an absolute nightmare.   @LedyardNFLDraft: What are we doing here lol?  (NFL) Officiating reaches a new low every week.   @TheBabylonBee: NFL Ref Throws Flag after Realizing Game Becoming Interesting (NFL refereeing on Sunday was horrendous – far worse than the usual just bad!)   The Capital One ad with John Travolta as Santa dancing and strutting to “Staying Alive” is terrific! https://www.looper.com/1442392/who-plays-santa-capital-one-commercial-john-travolta-holiday-night-fever/

GREG HUNTER INTERVIEWING BO POLNY

Horrifying & Historic US Dollar Crash – Bo Polny

Horrifying & Historic US Dollar Crash – Bo Polny

By Greg Hunter On November 25, 2023 In Political AnalysisNo Comments

By Greg Hunter’s USAWatchdog.com (Saturday Night Post)

Biblical cycle timing expert and geopolitical/financial analyst Bo Polny contends we are close to some very big financial events that will happen by the end of this year and into the next.  A stock market crash will happen by the end of 2023 followed by a bond market crash and dollar crash that will be “horrifying and historic.”  The big problem is not the stock market, but the financial system built on the US dollar.  The dollar debt is now in the quadrillions, and there is no way to pay any of it back.  Polny says, “The dollar is in a collapse cycle . . . . The financial system is based on the Federal Reserve Note.  As big and horrific as the stock market collapse will be, which will start next month, the bigger issue is the collapse of the US dollar.  How have they enslaved everyone?  With money they create out of thin air.  For 50 years, they have been able to create money out of thin air.  From the 1970’s, we went from millions to billions to trillions to quadrillions of dollars.  This is the math.  We are in the quadrillions of dollars. . . . It’s crazy because the money has expanded so much it’s a joke right now.  It doesn’t make sense anymore.  It’s just a complete utter joke.  That is all the money system is now.  Another word for joke is fraud.  The money system is a complete and utter fraud.  This money has gone around the globe.  They take pallets of money and buy off politicians, and anything they want to buy off, they can. . . . This is a worldwide enterprise of people who have bowed down to Satan. . . . This system of Babylon and system of controlling people and controlling humanity, when God/Jehovah intervenes, it will be over in 24 hours.  We are entering into a moment of time where God is about to intervene. . . . We are not living in political times; we are living in Biblical times.”

So, Bo says God the Father is going to destroy the wealth of the evil people controlling the world.  Polny predicts the bond market and dollar are going to collapse in tandem.  Polny says when the printed money stops, the truth will come out.  Polny says, “The political system is going to go down.  The financial system is going to go down.  The education system we know now is going to go down.  Everything they have built in Babylon is going to come down.  It’s going to start with the US dollar.  This is the fall of Mystery Babylon.  So, the financial system is going to come down.  When the financial system comes down, the bonds break, the banks fall, mortgages get cancelled.  It’s just going to be a horrific time in the world and an historic time in the world.

Polny says this destruction of Mystery Babylon will “set off the greatest bull market in history for gold, silver and crypto currencies.”

There is much more in the 52-minute interview.

Join Greg Hunter of USAWatchdog.com as he goes One-on-One with Biblical cycle expert and financial analyst Bo Polny, founder of Gold2020Forecast.com for 11.25.23.

(To Donate to USAWatchdog.com Click Here) 

Horrifying & Historic US Dollar Crash – Bo Polny

You can find free information on Gold2020Forecast.com.

SEE YOU TUESDAY