GOLD PRICE CLOSED: DOWN $5.85 TO $2018.30

SILVER PRICE CLOSED: DOWN 34 CENTS AT $24.17

Access prices: closes 4: 15 PM

Gold ACCESS CLOSE 2019.20

Silver ACCESS CLOSE: 24.14

DEC 4

Shanghai Gold Benchmark Price

USD oz

AM2105.71

PM2093.89

Historical SGE Fix

SHANGHAI GOLD PREMIUM OVER NY: 130 DOLLARS

Bitcoin morning price:, 41,859 UP 20 DOLLARS

Bitcoin: afternoon price: $43,750 UP 1911. dollars

Platinum price closing $921.55 DOWN $14.65

Palladium price; $976.50 DOWN $40.15

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: $2,744.55 DOWN $1.95 CDN dollars per oz( * NEW ALL TIME HIGH 2,795.90 CDN DOLLARS PER OZ//DEC 1 272023)

*BRITISH GOLD: 1603.13 DOWN 2.75 pounds per oz// *(NEW ALL TIME HIGH//CLOSING///1655.17 BPOUNDS/OZ) OCT 2/2023

*EURO GOLD: 1870.33 DOWN 2.41 euros per oz //* (ALL TIME CLOSING HIGH: 1903.75 EUROS PER OZ//DEC 1.2023)

DONATE

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EXCHANGE: COMEX

EXCHANGE: COMEX
CONTRACT: DECEMBER 2023 COMEX 100 GOLD FUTURES
SETTLEMENT: 2,024.100000000 USD
INTENT DATE: 12/04/2023 DELIVERY DATE: 12/06/2023
FIRM ORG FIRM NAME ISSUED STOPPED

190 H BMO CAPITAL 246
323 C HSBC 250
363 H WELLS FARGO SEC 131
624 H BOFA SECURITIES 53
657 C MORGAN STANLEY 19
661 C JP MORGAN 30 271
686 C STONEX FINANCIA 2
690 C ABN AMRO 4 4
700 C UBS 14
732 C RBC CAP MARKETS 5 26
737 C ADVANTAGE 5 14
905 C ADM 6

TOTAL: 540 540
MONTH TO DATE: 11,993

JPMorgan stopped 271/540 contracts.

FOR DEC.:

GOLD: NUMBER OF NOTICES FILED FOR DEC/2023. CONTRACT: 540 NOTICES FOR 54,000 OZ or 1.6796 TONNES

total notices so far: 11,973 contracts for 1,197,300 oz (37.303 tonnes)

FOR DEC:

SILVER NOTICES 205 NOTICE(S) FILED FOR 1,015,000 OZ/

total number of notices filed so far this month : 2274 for 11,370,000 oz

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END

BOTH GLD AND SLV ARE FRAUDULENT VEHICLES

GLD

WITH GOLD DOWN $5.85//

INVESTORS SWITCHING TO SPROTT PHYSICAL (PHYS) INSTEAD OF THE FRAUDULENT GLD/ : / HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 2.30 TONNES OF GOLD FROM THE GLD

SOMEBODY RAIDED THE COOKIE JAR!

INVENTORY RESTS AT 881.12 TONNES

SLV//

WITH NO SILVER AROUND AND SILVER DOWN 34 CENTS AT THE SLV// SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A 0.305 MILLION OZ WITHDRAWAL.

INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV.

CLOSING INVENTORY: 433.090 MILLION OZ

Let us have a look at the data for today

SILVER//OUTLINE

SILVER COMEX OI FELL BY A MEGA GIGANTIC SIZED 2740 CONTRACTS TO 142,826 AND FURTHER FROM THE RECORD HIGH OI OF 244,710, SET FEB 25/2020 AND THIS HUGE SIZED LOSS IN COMEX OI WAS ACCOMPLISHED WITH OUR HUGE $0.90 LOSS IN SILVER PRICING AT THE COMEX ON MONDAY. WE HAD A MAJOR SPEC SHORT COVERING EPISODE EARLY IN SUNDAY’S COMEX GLOBEX TRADING BUT AT HIGHER PRICES AND THEN WE HAD HUGE SPEC LIQUIDATION AS THE FED INDUCED RAID COMMENCED. WE HAD A GIGANTIC 700 T.A.S ISSUANCE AND 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 MONDAY NIGHT: 1614 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 SUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT FELL BY $0.90), AND WERE SUCCESSFUL IN KNOCKING SOME SILVER LONGS AS WE HAD A HUGE SIZED LOSS OF 1859 OI CONTRACTS ON OUR TWO EXCHANGES. HOWEVER WE DID HAVE SOME SPEC COVERINGS EARLY IN THE COMEX GLOBEX SESSION.

WE MUST HAVE HAD:

A HUGE SIZED 1614 ISSUANCE OF EXCHANGE FOR PHYSICALS) iiii) AN INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 18.755 MILLION OZ (FIRST DAY NOTICE) FOLLOWED BY TODAY’S STRONG 315,000 OZ E.F.P. JUMP TO LONDON//NEW TOTAL STANDING 18.115 MILLION OZ.+ 3.5 MILLION EX. FOR RISK= NEW TOTAL OF 21.615 MILLION OZ

//NEW STANDING FOR SILVER IS THUS 21.615 MILLION OZ

//HUGE SIZED COMEX OI LOSS/ HUGE SIZED EFP ISSUANCE/VI) HUGE SIZED NUMBER OF T.A.S. CONTRACT ISSUANCE 1614 CONTRACTS)/

HUGE SIZED EX.FOR RISK =700 CONTRACTS OR 3.5 MILLION OZ/

I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL – REMOVED 1040 CONTRACTS (the cme will no longer provide preliminary no to be except through a paywall)

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

TOTAL CONTRACTS for 3 days, total 2236 contracts: OR 11.180 MILLION OZ (745 CONTRACTS PER DAY)

TOTAL EFP’S FOR THE MONTH SO FAR: 11.180 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. 50.050 MILLION OZ

DEC. 11.180 MILLION OZ

RESULT: WE HAD A HUGE SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 2740 CONTRACTS WITH OUR HUGE LOSS IN PRICE OF $0.90 IN SILVER PRICING AT THE COMEX//MONDAY.,. THE CME NOTIFIED US THAT WE HAD A HUGE EFP ISSUANCE CONTRACTS: 700 ISSUED FOR FEB AND 0 CONTRACTS ISSUED FOR ALL OTHER MONTHS) WHICH EXITED OUT OF THE SILVER COMEX TO LONDON AS FORWARDS. WE HAVE A GOOD INITIAL SILVER OZ STANDING FOR DEC. OF 18.755 MILLION OZ FOLLOWED BY TODAY’S 315,000 OZ E.F.P. JUMP TO LONDON//NEW TOTAL STANDING 18.115 MILLION OZ//+ 3.5 MILLION EX. FOR RISK//NEW TOTAL 21.615 MILLION OZ.

NEW STANDING 21.615 OZ /// WE HAVE A HUGE SIZED LOSS OF 1859 OI CONTRACTS ON THE TWO EXCHANGES. THE TOTAL OF TAS INITIATED CONTRACTS TODAY: A HUGE SIZED 1614 CONTRACTS//HUGE FRONT END OF THE TAS CONTRACTS WERE LIQUIDATED DURING THE MONDAY COMEX SESSION. THE NEW TAS ISSUANCE MONDAY NIGHT (1614) WILL BE PUT INTO “THE BANK” TO BE COLLUSIVELY USED AT A LATER DATE., .

WE HAD 205 NOTICE(S) FILED TODAY FOR 1,015,000 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 VERY STRONG SIZED 14,810 CONTRACTS TO 494,948 AND CLOSER TO 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 895 CONTRACTS

WE HAD A VERY STRONG SIZED DECREASE IN COMEX OI ( 14,810 CONTRACTS) WITH OUR $43.15 LOSS IN PRICE//MONDAY. WE ALSO HAD A RATHER LIGHT INITIAL STANDING IN GOLD TONNAGE FOR DEC.. AT 44.914 TONNES ON FIRST DAY NOTICE FOLLOWED BY TODAY’S 12,200 OZ QUEUE JUMP+ ANOTHER UNUSUAL ISSUANCE OF 1,490 EX. FOR RISK CONTRACTS FOR 149;000 OZ OR 4.634 TONNES / // TOTAL GOLD STANDING FOR DEC SO FAR INCREASES TO 47.125 TONNES // ALL OF..THIS HAPPENED WITH OUR $43.15 LOSS IN PRICE WITH RESPECT TO MONDAY’S TRADING. WE HAD A STRONG SIZED LOSS OF 7667 OI CONTRACTS (23.847) PAPER TONNES) ON OUR TWO EXCHANGES.

E.F.P. ISSUANCE

THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A STRONG SIZED 7143 CONTRACTS:

The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 494,948

IN ESSENCE WE HAVE A STRONG SIZED DECREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 7,667 CONTRACTS WITH 14,810 CONTRACTS INCREASED AT THE COMEX// AND A STRONG SIZED 7143 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI LOSS ON THE TWO EXCHANGES OF 7667 CONTRACTS OR 23.847 TONNES. WE HAD 1490 CONTRACTS EXCHANGE FOR RISK FOR 4.634 TONNES//NEW TOTAL STANDING 21.615 TONNES.. WE HAD THE FOLLOWING TAS CONTRACTS INITIATED (ISSUED): A HUGE 2434 CONTRACTS.

CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES

WE HAD A STRONG SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (7143 CONTRACTS) ACCOMPANYING THE VERY STRONG SIZED LOSS IN COMEX OI (14,810) //TOTAL LOSS FOR OUR THE TWO EXCHANGES: 7667 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 DEC. AT 44.914 TONNES FOLLOWED BY TODAY’S 12,200 OZ QUEUE + 4.634 TONNES EX. FOR RISK//NEW STANDING 47.125 TONNES / / 3) CONSIDERABLE LONG LIQUIDATION AND HUGE TAS LIQUIDATION BUT ALSO MASSIVE SHORT LIQUIDATION AT HIGHER PRICES EARLY IN THE COMEX-GLOBEX SESSION 4) STRONG SIZED COMEX OPEN INTEREST LOSS/ 5) STRONG ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER///6: HUGE T.A.S. ISSUANCE: 2434 CONTRACTS

HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS IN 2023 INCLUDING TODAY

DEC

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

TOTAL EFP CONTRACTS ISSUED: 18,419 CONTRACTS OR 1,841,900 OZ OR 57.290 TONNES IN 3 TRADING DAY(S) AND THUS AVERAGING: 6139 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 3 TRADING DAY(S) IN TONNES 57.290 TONNES

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

THUS EFP TRANSFERS REPRESENTS 57.290/3550 x 100% TONNES 1.61% 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. 239.16 TONNES//WILL BE STRONG THIS MONTH,

DEC. 57.290 TONNES. THIS MONTH MAY TURN INTO A WHOPPER OF E.F.P. ISSUANCE

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 DEC. 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 NOV HEADING TOWARDS THE ACTIVE DELIVERY MONTH OF FEB., FOR GOLD: AND MARCH FOR SILVER

YOU WILL ALSO NOTICE THAT THE COMEX OPEN INTEREST STARTS TO RISE BUT SO IS THE OPEN INTEREST OF SPREADERS. THE OPEN INTEREST IN WILL CONTINUE TO RISE UNTIL ONE WEEK BEFORE FIRST DAY NOTICE OF AN UPCOMING ACTIVE DELIVERY MONTH (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 FELL BY A MEGA GIGANTIC SIZED 2740 CONTRACTS OI TO 142,826 AND FURTHER FROM OUR COMEX HIGH RECORD //244,710(SET FEB 25/2020). THE LAST RECORDS WERE SET IN AUG.2018 AT 244,196 WITH A SILVER PRICE OF $14.78/(AUGUST 22/2018)..THE PREVIOUS RECORD TO THAT WAS SET ON APRIL 9/2018 AT 243,411 OPEN INTEREST CONTRACTS WITH THE SILVER PRICE AT THAT DAY: $16.53). AND PREVIOUS TO THAT, THE RECORD WAS ESTABLISHED AT: 234,787 CONTRACTS, SET ON APRIL 21.2017 OVER 5 YEARS AGO. HOWEVER WE HAVE NOW SET A NEW RECORD LOW OF 114,102 CONTRACTS JULY 3.2023

EFP ISSUANCE 700 CONTRACTS

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

DEC 700 and ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 700 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. IF WE TAKE THE COMEX OI LOSS OF 1700 CONTRACTS AND ADD TO THE 700 OI TRANSFERRED TO LONDON THROUGH EFP’S,

WE OBTAIN A HUGE LOSS OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES OF 1859 CONTRACTS

THUS IN OUNCES, THE LOSS ON THE TWO EXCHANGES TOTAL 4.095 MILLION OZ

OCCURRED WITH OUR HUGE $0.90 LOSS 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//

TUESDAY MORNING/MONDAY NIGHT

SHANGHAI CLOSED DOWN 50.42 PTS OR 1.67% //Hang Seng CLOSED DOWN 318.19 PTS OR 1.91% /The Nikkei CLOSED DOWN 455.45 PTS OR 1.37% //Australia’s all ordinaries CLOSED DOWN 0.90 % /Chinese yuan (ONSHORE) closed DOWN AT 7.1437 /OFFSHORE CHINESE YUAN CLOSED DOWN TO 7.1562 /Oil DOWN TO 72.75 dollars per barrel for WTI and BRENT DOWN AT 77.92/ Stocks in Europe OPENED MOSTLY GREEN// ONSHORE YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING WEAKER AGAINST US DOLLAR/OFFSHORE WEAKER

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 VERY STRONG SIZED 14,810 CONTRACTS TO 494,948 WITH OUR HUGE LOSS IN PRICE OF $43.15 WITH RESPECT TO MONDAY TRADING. WE MUST HAVE CONSIDERABLE SPEC LIQUIDATIONS LATER IN THE SESSION (AT LOWER PRICES) AND SPEC CONVERINGS EARLY IN THE EVENING AT MUCH HIGHER PRICES.

EXCHANGE FOR PHYSICAL ISSUANCE

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

THAT IS 7143 EFP CONTRACTS WERE ISSUED: : FEB 7143 & ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE: 7143 CONTRACTS

ON A NET BASIS IN OPEN INTEREST WE LOST THE FOLLOWING TODAY ON OUR TWO EXCHANGES: A STRONG SIZED TOTAL OF 7,667 CONTRACTS IN THAT 7143 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE HAD A VERY STRONG SIZED LOSS OF 14,810 COMEX CONTRACTS..AND THIS LOSS ON OUR TWO EXCHANGES HAPPENED WITH OUR HUGE LOSS IN PRICE OF $43.15//MONDAY 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 MONDAY NIGHT WAS A STRONG SIZED 2434 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)//. HOWEVER WE DID HAVE A RATHER STRANGE 1,490 CONTRACT EXCHANGE FOR RISK ISSUED FOR 4.634 TONNES. IT IS HERE THAT THE BUYER TAKES THE RISK THAT HE CAN TAKE DELIVERY OF PHYSICAL GOLD FORM THE BUYER. USUALLY EXCHANGE FOR RISK OCCURS LATE IN THE DELIVERY CYCLE AND RARELY ON DAY 3.

// WE HAVE A LIGHT AMOUNT OF GOLD TONNAGE STANDING: DEC (47.175 TONNES ( 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: 18.7122 TONNES + 16.2505 EX. FOR RISK = 34.9627 TONNES

DEC. 42.471 + 4.634 TONNES OF EXCHANGE FOR RISK = 47.175 TONNES

THE SPECS/HFT WERE SUCCESSFUL IN LOWERING GOLD’S PRICE( IT LOST $43.15) //// AND WERE SUCCESSFUL IN KNOCKING SOME SPECULATOR LONGS AS WE HAD A STRONG SIZED LOSS OF 7,667 TOTAL CONTRACTS ON OUR TWO EXCHANGES. WE HAD A STRONG T.A.S. LIQUIDATION ON THE FRONT END OF MONDAY’S TRADING . THE T.A.S. ISSUED ON MONDAY 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 23.847 PAPER TONNES FROM OUR TWO EXCHANGES, ACCOMPANYING OUR INITIAL GOLD TONNAGE STANDING FOR DEC. (44.914 TONNES) ON FIRST DAY NOTICE, FOLLOWED BY TODAY’S 12200 OZ QUEUE JUMP TO LONDON FOR 0,379 TONNES//NEW TOTAL STANDING FALLS TO 42.491 + 4.634 TONNES EXCHANGE FOR RISK : NEW TOTAL 47.175 TONNES../ ALL OF THIS WAS ACCOMPLISHED WITH OUR LOSS IN PRICE TO THE TUNE OF $43.15

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

NET LOSS ON THE TWO EXCHANGES 7667 CONTRACTS OR 766,700 OZ OR 23.847 TONNES.

Estimated gold volume today:// 213,247 fair

final gold volumes/yesterday 412,107 huge

//speculators have left the gold arena

DEC 5

/ /// THE DEC. 2023 GOLD CONTRACT

Gold	Ounces
Withdrawals from Dealers* Inventory in oz*	nil
Withdrawals from Customer* Inventory in oz*	385.312 oz JPMorgan 12 kilobars .
Deposit to the Dealer* Inventory in oz*	nil OZ
Deposits to the Customer* Inventory, in oz*	nil
No of oz served (contracts) today	540 notice(s) 54000 OZ 1.6796 TONNES
No of oz to be served (notices)	1668 contracts 168,800 oz 0.5250 TONNES
Total monthly oz gold served (contracts) so far this month	11,973 notices 1,197300 oz 37.303 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: nil oz

customer deposits: 0

total customer deposits: nil oz

we had 1 customer withdrawals

i) Out of JPMorgan: 385.812 oz

(12 kilobars)

total withdrawals 385.812 oz

Adjustments; 1

JPMorgan/customer to dealer: 24,113.250 oz (750 kilobars) or 3/4 tonne

CALCULATIONS FOR THE AMOUNT OF GOLD STANDING FOR DEC.

For the front month of DECEMBER we have an oi of 2228 contracts having LOST 111 contracts. .We had 233

contracts served upon MONDAY, so we GAINED or an additional 122 CONTRACTS OR 12,200 OZ (0.3794 tonnes) will stand for delivery at the comex

in this very active delivery month of December.

JAN. gained 120 contracts RISING TO 3666 contracts.

FEB LOST A WHOPPING 20,467 CONTRACTS FALLING TO 400,682.

We had 540 contracts filed for today representing 54000 oz

Today, 0 notice(s) were issued from J.P.Morgan dealer account and 30 notices were issued from their client or customer account. The total of all issuance by all participants equate to 540 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 1271 notice(s) was (were) stopped ( received) by J.P.Morgan//customer account and 0 notice(s) received (stopped) by the squid (Goldman Sachs)

To calculate the INITIAL total number of gold ounces standing for the DEC. /2023. contract month, we take the total number of notices filed so far for the month (11,973 x 100 oz ), to which we add the difference between the open interest for the front month of DEC. (2228 CONTRACTS) minus the number of notices served upon today 540 x 100 oz per contract equals 1,366,100 OZ OR 42.491 TONNES + 4.634 TONNES EX. FOR RISK ISSUED (FOR DELIVERY HERE) = 47.125 TONNES.

thus the INITIAL standings for gold for the DEC. contract month: No of notices filed so far (11,973) x 100 oz + (2228) {OI for the front month} minus the number of notices served upon today (540) x 100 oz) which equals 1,366,100 oz standing OR 42.491 TONNES = 47.125 TONNES

TOTAL COMEX GOLD STANDING FOR DEC: 47.125 TONNES WHICH IS LIGHT FOR THE BIGGEST ACTIVE DELIVERY MONTH IN THE CALENDAR. THEY PROBABLY KNOW THAT NO REAL GOLD IS PRESENT AT 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: 1,559,349,955 OZ 48.50 tonnes

TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD: 19,997,791.603 OZ

TOTAL REGISTERED GOLD 10,235,473.217 (318.36 tonnes).

TOTAL OF ALL ELIGIBLE GOLD: 9,751,634.574 OZ

REGISTERED GOLD THAT CAN BE SERVED UPON: 8,676,124 oz (REG GOLD- PLEDGED GOLD) 269.86

END

SILVER/COMEX

DEC 5

//2023// THE DEC 2023 SILVER CONTRACT

Silver	Ounces
Withdrawals from Dealers* Inventory*	NIL oz
Withdrawals from Customer Inventory	604,460.469 oz JPM Delaware .
Deposits to the Dealer* Inventory*	531,346.500 oz ASAHI
Deposits to the Customer Inventory	niloz
No of oz served today (contracts)	205 CONTRACT(S) (1,015,000,000 OZ)
No of oz to be served (notices)	1349 contracts (6,745,000 oz)
Total monthly oz silver served (contracts)	2274 Contracts (11,370,000 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) 1 dealer deposit

i)Into ASAHI 531,346.500 oz

total dealer deposit: 351,346.500 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: 133.841 million oz/266,700 million or 50.16%

Comex withdrawals 2

we had 2 customer withdrawals

i) Out of JPMorgan: 600,350.100

ii) Out of Delaware: 4110.769 oz

total withdrawals 604,460.869 oz

adjustments: 0

TOTAL REGISTERED SILVER: 44.357 MILLION OZ//.TOTAL REG + ELIGIBLE. 266.700 million oz

CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR DECEMBER:

silver open interest data:

FRONT MONTH OF DEC /2023 OI: 1554 CONTRACTS HAVING LOST 464 CONTRACT(S).

WE HAD 401 CONTRACTS SERVED ON MONDAY, SO WE LOST 63 CONTRACTS OR 315,000 OZ WERE

E.F.P. JUMPED TO LONDON IN ORDER TO RECEIVE IMMEDIATE SILVER OVER THERE ON A T+ 2 BASIS

JAN GAINED 40 CONTRACTS UP TO 1866 CONTRACTS

FEB GAINED 0 CONTRACTS TO STAND AT 25

MARCH LOST 2581 CONTRACTS TO 123,759 .

TOTAL NUMBER OF NOTICES FILED FOR TODAY: 205 for 1,015,000 oz

Comex volumes// est. volume today 75,857,// good

Comex volume: confirmed yesterday 119,035 excellent

To calculate the number of silver ounces that will stand for delivery in DEC. we take the total number of notices filed for the month so far at 2274 x 5,000 oz = 10,345,000 oz

to which we add the difference between the open interest for the front month of DEC. (1554) and the number of notices served upon today 205 x (5000 oz) equals the number of ounces standing.

Thus the standings for silver for the DEC/2023 contract month: 2274 (notices served so far) x 5000 oz + OI for the front month of DEC. (1554) – number of notices served upon today (205 )x 500 oz of silver standing for the DEC contract month equates to 18.115 MILLION OZ. However we had another strange transaction as silver also experienced a very early issuance of 700 exchange for risk contracts or 3.5 million oz. The buyer assumes the risk that he is going to be delivered upon. Thus total silver standing at the comex advances to 21,615 million oz.

There are 43.825 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!

DEC 5/WITH GOLD DOWN $5.85 TODAY:HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 2.30 TONNES OF GOLD FROM THE GLD. // / / // // INVENTORY RESTS AT 881.12 TONNES

DEC 4/WITH GOLD DOWN $43.15 TODAY:HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 2.31 TONNES OF GOLD FROM THE GLD. // / / // // INVENTORY RESTS AT 878.82 TONNES

DEC 1/WITH GOLD UP $32.05 TODAY:HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 2.02 TONNES OF GOLD FROM THE GLD. // / / // // INVENTORY RESTS AT 876.51 TONNES

NOV 30/WITH GOLD DOWN $8.70 TODAY:HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 2.02 TONNES OF GOLD FROM THE GLD. // / / // // INVENTORY RESTS AT 878.53 TONNES

NOV 29/WITH GOLD UP $7.20 TODAY:HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.73 TONNES OF GOLD FROM THE GLD. // / / // // INVENTORY RESTS AT 880.55 TONNES

NOV 28/WITH GOLD UP $26.45 TODAY:NO CHANGES IN GOLD INVENTORY AT THE GLD: // / / // // INVENTORY RESTS AT 882.28 TONNE

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

GLD INVENTORY: 891.12 TONNES

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

DEC 5/WITH SILVER DOWN 34 CENTS TODAY:SMALL CHANGES IN SILVER INVENTORY AT THE SLV/: A WITHDRAWAL OF 0.305 MILLION OZ FROM THE SLV// //://// //INVENTORY RESTS AT 433.090 MILLION OZ

DEC 4/WITH SILVER DOWN 90 CENTS TODAY:HUGE CHANGES IN SILVER INVENTORY AT THE SLV/: A WITHDRAWAL OF 0.7333 MILLION OZ FROM THE SLV// //://// //INVENTORY RESTS AT 433.395 MILLION OZ

DEC 1/WITH SILVER UP 15 CENTS TODAY:HUGE CHANGES IN SILVER INVENTORY AT THE SLV/: A WITHDRAWAL OF 1.923 MILLION OZ FROM THE SLV// //://// //INVENTORY RESTS AT 434.128 MILLION OZ

NOV 30/WITH SILVER UP 20 CENTS TODAY:NO CHANGES IN SILVER INVENTORY AT THE SLV/ //://// //INVENTORY RESTS AT 436.051 MILLION OZ

NOV 29/WITH SILVER UP 15 CENTS TODAY:HUGE CHANGES IN SILVER INVENTORY AT THE SLV” A MASSIVE WITHDRAWAL OF 4.122 MILLION OZ FROM THE SLV// //://// //INVENTORY RESTS AT 436.051 MILLION OZ

NOV 28/WITH SILVER UP 64 CENTS TODAY:NO CHANGES IN SILVER INVENTORY AT THE SLV //://// //INVENTORY RESTS AT 440.173 MILLION OZ

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

CLOSING INVENTORY 433.090 MILLION OZ//

PHYSICAL GOLD/SILVER COMMENTARIES

1:Peter Schiff/Mike Maharrey

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

3. CHRIS POWELL//GATA GOLD COMMENTARIES:

END

4, OTHER IMPORTANT GOLD/SILVER COMMENTARIES/ l

all central banks are buying physical gold except the Fed

.

Russians bought record number of gold bars in 2022, data shows

Reuters

February 3, 20236:40 AM ESTUpdated 10 months ago

[1/2]Ingots of 99.99 percent pure gold are placed in a workroom at Krastsvetmet precious metals plant in the Siberian city of Krasnoyarsk, Russia, January 31, 2023. REUTERS/Alexander Manzyuk Acquire Licensing Rights

Summary

Companies

This content was produced in Russia, where the law restricts coverage of Russian military operations in Ukraine.

MOSCOW, Feb 3 (Reuters) – Russians bought an all-time record number of gold bars in 2022, finance ministry data showed on Friday, as tax cuts on precious metals encouraged people to stock up on bullion as a safe asset.

Moscow scrapped its 20% VAT on physical gold trades for individuals last March in a bid to draw people away from using the U.S. dollar as a safe haven.

It also exempted people from paying income tax on profits gained from selling gold bars, further boosting

END

5 a. IMPORTANT COMMENTARIES ON COMMODITIES CORN

Sliding Corn Prices Sends Grain Index To Decade-Low

TUESDAY, DEC 05, 2023 – 04:15 AM

Corn prices tumbled to a three-year low as mounting supplies from the US and Brazil collided with sliding demand. This downturn helped push down the Bloomberg Grain Spot Subindex, which tracks near-term futures contracts for soybeans, corn, and wheat, leading to its largest annual decline in a decade.

Bloomberg Grain Spot Subindex records the worst yearly slump since 2013.

Ag traders are waiting for a US Department of Agriculture’s monthly WASDE report on Friday to gauge the status of foreign and domestic harvests.

Despite the large decline in grain prices, the Food and Agriculture Organization’s global food price index, which tracks the most globally traded food commodities, is still at highs responsible for the Arab Spring food riots across the Middle East in 2010-11.

Last month, Sara Menker, founder and CEO of Gro Intelligence, warned the current global food crisis has surpassed that of the Arab Spring because crop prices remain high while local currencies around the world have plunged against the dollar.

end

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 TUESDAY MORNING.7:30 AM

ONSHORE YUAN: CLOSED DOWN AT 7.1434

OFFSHORE YUAN: DOWN TO 7.1562

SHANGHAI CLOSED DOWN 50.42PTS OR 1.67%

HANG SENG CLOSED DOWN 318.19 PTS OR 1.91%

2. Nikkei closed DOWN 455.45 PTS OR 1.3%

3. Europe stocks SO FAR: MOSTLY GREEN

USA dollar INDEX UP TO 103.73 EURO FALLS TO 1.0814 DOWN 23 BASIS PTS

3b Japan 10 YR bond yield: FALLS TO. +.661 Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 147.06/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: DOWN// OFFSHORE: DOWN

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 +2.2895***/Italian 10 Yr bond yield DOWN to 4.043** /SPAIN 10 YR BOND YIELD DOWN TO 3.288…**

3i Greek 10 year bond yield DOWN TO 3.428

3j Gold at $2028.00 silver at: 24.33 1 am est) SILVER NEXT RESISTANCE LEVEL AT $30.00

3k USA vs Russian rouble;// Russian rouble DOWN 1 AND 24 /100 roubles/dollar; ROUBLE AT 92.16//

3m oil into the 72 dollar handle for WTI and 77 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 147,06// 10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 0.661% 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 0.8738 as the Swiss Franc is still rising against most currencies. Euro vs SF: 0.9451 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: 4.226 DOWN 6 BASIS PTS…

USA 30 YR BOND YIELD: 4.387 DOWN 5 BASIS PTS/

USA 2 YR BOND YIELD: 4.627 DOWN 3 BASIS PTS

USA DOLLAR VS TURKISH LIRA: 28.94…(TURKEY SET TO BLOW UP FINANCIALLY)

GREAT BRITAIN/10 YEAR YIELD: DOWN 4 BASIS PTS AT 4.1560

end

2.a Overnight: Newsquawk and Zero hedge

Stocks, Futures Slide For Second Day As Rally Fizzles Ahead Of Jobs Data Deluge

TUESDAY, DEC 05, 2023 – 08:16 AM

US stocks were set to extend Monday’s drop into a second day after hitting 20-month highs, as the recent rally looks increasingly stretched and traders scale back rate-cut bets while Chinese stocks tumbled to fresh five year lows after Moody’s downgraded China’s credit outlook to negative on soaring debt. As of 7:40am ET, S&P 500 futures slid 0.4%, trading at session lows, after the benchmark rose last week to its highest since March 2022 on bets the Fed would soon pivot to monetary easing; Nasdaq 100 futures dropped 0.5%. Bond yields eased as did the USD; 10Y TSY yield dropped 2bps to 4.22%. Commodities were seeing a bid within Ags and Energy while metals underperformed on China weakness despite better than expected PMIs. Bitcoin held near a 19-month high, just below the $42,000 mark.Today’s macro data focus is on JOLTS job openings and ISM Services (52.3 consensus vs. 51.8 prior).

In premarket trading, Take-Two Interactive shares declined after the company’s Rockstar Games unit released the first trailer for the highly-anticipated Grand Theft Auto VI video game. With the title planned for 2025, analysts were disappointed by the lack of an exact release date. Robinhood gained after the online brokerage said November crypto notional trading volumes were about 75% above October levels. Here are some other notable premarket movers:

European equities firmer whilst US Futures are in the red; DXY flat & AUD underperforms post RBA; US JOLTS due – Newsquawk US Market Open

TUESDAY, DEC 05, 2023 – 05:59 AM

European equities trade on the front foot though the FTSE100 is once again hampered by losses in Basic Resources; US Futures are in the red
DXY trades around the unchanged mark, with the Aussie underperforming post RBA hold
Fixed was initially driven higher by ECB Schnabel’s comments; though now off best levels after EZ PMI revisions
ECB’s Schnabel (Hawk) says that further hikes are now “rather unlikely” following the November inflation data.
Crude is on a modestly firmer footing whilst spot Gold takes a breather following yesterday’s hefty losses
Looking ahead US Composite & Services Final PMIs, ISM Services PMI, JOLTS & Australian AIG Manufacturing Index

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EUROPEAN TRADE

EQUITIES

European equities, Eurostoxx50 +0.3%, are mixed, with the FTSE100, -0.2%, once again the relative underperformer, largely hampered by ongoing losses in Basic Resources which is the worst performing sector.
European sectors are mixed with a slight positive tilt; Real Estate outperforms following broker upgrades at British Land, +1.3%, and Land Securities, +0.8%.
US equity futures are trading on the backfoot, continuing the losses seen in the prior days’ session as the year’s final few key events/releases begin with JOLTS.
Click here and here for the sessions European pre-market equity newsflow, including earnings.
Click here for more details.

FX

DXY extended on the upper end of its overnight range towards 103.84 ahead of the European equity cash open and now resides within the middle of today’s range of 103.84-53.
EUR/USD is trading around flat having bounced off lows on revisions higher to Services & Composite PMI data.
The Japanese Yen is the G10 outperformer at the time of writing amid a combination of a pullback in US yields coupled with the broader risk aversion overnight.
AUD, NZD, CAD are all softer to varying degrees amid the initial broader risk tone, but the Aussie is the marked G10 laggard in the aftermath of the RBA policy decision which lacked hawkish undertones.
PBoC set USD/CNY mid-point at 7.1127 vs exp. 7.1476 (prev. 7.1011).
China’s major state-owned banks were seen acquiring dollars via onshore swaps and selling them in the spot FX market, while it was also reported that the RBI was likely selling dollars near the 83.38-83.39 rupee level, according to sources and traders cited by Reuters.
Click here for more details.
Click here for the Option Expires for the NY Cut.

FIXED INCOME

ECB’s Schnabel (Hawk) says that further hikes are now “rather unlikely” following the November inflation data.
Commentary which drove Bunds to a 134.17 peak; though, upward revisions to PMIs have prompted a pullback, but one that is limited by the reports internal commentary.
Similar action has been seen in Gilts which perhaps derived initial support from the latest YouGov findings as well.
Finally, USTs are directionally in-fitting but with magnitudes more contained at the mid-point of 110.10 to 110.18 parameters ahead of JOLTS & PMIs/ISM.
UK sells GBP 1.5bln 0.75% 2033 I/L Gilt: b/c 2.68x (prev. 2.94x) and real yield 0.724% (prev. 0.831%)
Germany to sell EUR 3.66bln vs exp. EUR 4.5bln 3.10% 2025 Schatz: b/c 2.48x (prev. 1.7x), average yield 2.64% (prev. 3.06%), retention 18.67% (prev. 17.82%)
Click here for more details.

COMMODITIES

WTI and Brent, +0.7%, front-month futures are on firmer footings after choppy trade on Monday amid continued fallout from OPEC+ in the backdrop of cooling economic data and volatile Middle East tensions.
Metals are mixed with precious metals moving horizontally as the DXY trades flat intraday spot gold and spot silver taking a breather following yesterday’s hefty losses.
Libya’s NOC Chair says current production is 1.3mln BPD (vs 1.218mln on 6th Nov), planning a bidding round for offshore/onshore blocks for end-2024. In the early stage to identify blocks. Says seeing a lot of interest for upcoming bid round from US, European and Asian firms. On track to increase production capacity to 2mln BPD in the next three-five years. Says hopefully oil production will increase by 100k BPD by end-2024.
Russia’s Kremlin, when asked if Russian President Putin will discuss coordinated actions on oil market, says such discussions are held in OPEC+ format but the issue is always on the agenda; Kremlin confirms Putin will visit Saudi and UAE on Wednesday. Russian President Putin is to discuss oil market issues in the UAE and Saudi Arabia, according to Tass
Brazilian miner Vale expects iron ore market to remain tight in the coming years, says China cannot control the price of iron ore and there is no supply coming
China’s NDRC will cut retail gasoline and diesel prices by CNY 55/ton and CNY 50/ton, respectively, commending Dec 6th; NDRC sees weaker oil prices in the short term
Click here for more details.

NOTABLE EUROPEAN HEADLINES

ECB’s Schnabel says current level of restriction is sufficient, has increased confidence that 2% target will be met in 2025; must not declare victory prematurely; further hikes “rather unlikely” after November inflation data. Must be more cautious with rate cuts than markets pricing; further hikes “rather unlikely” after November inflation data. Inflation developments are encouraging, fall in core prices is remarkable
YouGov/Citi survey showed the British public’s expectation for inflation in 5yr-10yr’s time rose to 3.5% from a prior 3.3% view in September.
German Ifo: Retailers Expect Little Help from Christmas Sales; Business Situation -8.8 (prev. -13.5).
Kantar UK Supermarket update (Nov): grocery price inflation 9.71% in the four weeks to Nov 26th; UK grocery sales +6.3% Y/Y.
ECB Survey of Consumer Expectations (October 2023): median consumer inflation expectations for the next 12 months and for three years ahead remained unchanged.
The London Stock Exchange (LSEG LN) is currently investigating an issue impacting its trading/information system. We are now resuming trading on impacted instruments. Instruments will go into auction at 09:55GMT with uncrossing beginning at 10:15GMT. All live orders remain on the system. LSE: Impacted securities are now in regular trading.

DATA RECAP

EZ PMI data across the board (bar Spain) showed a mild upward revision, though remained comfortably within contractionary territory; internal commentary was bleak on the growth outlook with potential technical recessions in the EZ & Germany while price/inflationary pressures remain.
UK S&P Global/CIPS Services PMI Final (Nov) 50.9 vs. Exp. 50.5 (Prev. 50.5); Composite PMI Final 50.7 vs. Exp. 50.1 (Prev. 50.1)
German HCOB Services PMI (Nov) 49.6 vs. Exp. 48.7 (Prev. 48.7); Composite Final PMI 47.8 vs. Exp. 47.1 (Prev. 47.1)
EU HCOB Services Final PMI (Nov) 48.7 vs. Exp. 48.2 (Prev. 48.2); Composite Final PMI 47.6 vs. Exp. 47.1 (Prev. 47.1)
Spanish Services PMI (Nov) 51.0 vs. Exp. 51.5 (Prev. 51.1)
Italian HCOB Composite PMI (Nov) 48.1 (Prev. 47.0); Services PMI 49.5 vs. Exp. 48.2 (Prev. 47.7)
French S&P Global Services PMI (Nov) 45.4 vs. Exp. 45.3 (Prev. 45.3); Composite PMI 44.6 vs. Exp. 44.5 (Prev. 44.5)
UK BRC Retail Sales YY (Nov) 2.6% vs. Exp. 2.5% (Prev. 2.6%)
EU Producer Prices MM (Oct) 0.2% vs. Exp. 0.2% (Prev. 0.5%); YY -9.4% vs. Exp. -9.5% (Prev. -12.4%)

NOTABLE US HEADLINES

NIO Inc (NIO/9866 HK) Q3 2023 (USD): EPS -0.31 (exp. -0.30), Revenue 2.39bln (exp. 2.66bln). Q3 deliveries +75.4% Y/Y at 55,432; expects Q4 deliveries between 47,000-49,000. Shares -3.4% in the pre-market.
Click here for the US Early Morning Note.

GEOPOLITICS

Israel is reportedly mulling a plan to flood Gaza tunnels with seawater, according to WSJ.
Israel’s army said its fighter jets attacked Hezbollah positions, infrastructure and military in response to a recent shooting, according to AJA Breaking via social media platform X.
Investors with prior knowledge of the October 7th attack on Israel by Hamas made at least tens of millions of pounds shorting Israeli stocks, according to The Telegraph.
US National Security Advisor Sullivan said attacks on vessels in the Red Sea are a threat to international peace and stability, while they have every reason to believe these attacks were fully enabled by Iran. Sullivan also said the US is engaging with allies on the next steps after the Red Sea attacks and weapons used by the Houthis in the attacks are being supplied by Iran.
White House warned that a failure to approve additional aid for Ukraine would ‘kneecap’ Kyiv, according to FT.

CRYPTO

Bitcoin, -0.7%, takes a breather after yesterday’s spike, whilst Ethereum, -1.7%, posts losses of a slightly larger magnitude.

APAC TRADE

APAC stocks declined following the mostly negative lead from Wall St where the major indices were choppy and ultimately weighed amid a rebound in yields ahead of key data releases.
ASX 200 was led lower by the commodity-related industries with underperformance in gold miners after the precious metal faded the recent surge, while sentiment was also not helped by weak data and after the unsurprising RBA rate decision in which the central bank kept rates unchanged and reiterated its forward guidance.
Nikkei 225 continued to weaken and slipped below the 33,000 level despite softer-than-expected Tokyo inflation data.
Hang Seng and Shanghai Comp retreated which saw the latter breach the psychological 3,000 level to the downside amid lingering frictions after China criticised the US for seeing it as a threat following calls by Commerce Secretary Raimondo for more funds to back chip curbs, while encouraging Caixin Services PMI data which printed a 3-month high at 51.5 (exp. 50.7) only provided a brief tailwind.

NOTABLE HEADLINES

RBA kept the Cash Rate Target unchanged at 4.35%, as expected, while it reiterated its forward guidance that whether further tightening is required to ensure inflation returns to the target in a reasonable timeframe will depend upon data and evolving assessment of risks. RBA also repeated that the Board remains resolute in its determination to return inflation to target and will do what is necessary to achieve that outcome, as well as noted there are still significant uncertainties around the outlook and that the limited information received on the domestic economy since the November meeting has been broadly in line with expectations.
Moody’s affirms China’s A1 rating; changes outlook to Negative from Stable. Reflects risks relating to persistently lower medium-term economic growth and ongoing downsizing of the property sector.
Chinese Finance Ministry says Chinese economy will maintain its rebound and positive trend; we expect the Q4 economy to keep the positive trend
Foxconn (2317 TW) November Sales +17.95% Y/Y (October -4.56% Y/Y); outlook for Q4 should be better than the original guidance for “significant growth”; revenue performance in the first two months of Q4 has been slightly higher than expected

DATA RECAP

Chinese Caixin Services PMI (Nov) 51.5 vs. Exp. 50.7 (Prev. 50.4); Composite PMI 51.6 (Prev. 50.0)
Tokyo CPI YY (Nov) 2.6% vs. Exp. 3.0% (Prev. 3.3%); CPI Ex. Fresh Food YY 2.3% vs. Exp. 2.4% (Prev. 2.7%); CPI Ex. Fresh Food & Energy YY (Nov) 3.6% vs. Exp. 3.7% (Prev. 3.8%)
Australian Current Account Balance (AUD)(Q3) -0.2B vs. Exp. 3.1B (Prev. 7.7B)
Australian Net Exports Contribution (Q3) -0.6% vs. Exp. -0.2% (Prev. 0.8%)

TUESDAY MORNING/MONDAY NIGHT

2 d./NORTH KOREA/ SOUTH KOREA/
//

NORTH KOREA/SOUTH KOREA

END

2e) JAPAN

end

3 CHINA

MOODY’S downgrades the crdit outlook for China

(zerohedge)

China’s Debt Binge Spurs Moody’s To Downgrade Credit Outlook

TUESDAY, DEC 05, 2023 – 07:43 AM

A protracted downturn in China’s real estate sector as well as a broader economic deceleration, but most of all downside risks from China’s record debt load which is now well over 300% of GDP…

… has led Moody’s Investors Service to downgrade China’s sovereign credit rating outlook from stable to negative.

While the revision does not signify Moody’s will imminently downgrade China’s credit rating, it does increase the odds if persistently lower growth and troubles in the property sector do not diminish.

As the FT reports, the rating agency – which one month ago also lowered its US credit rating to negative – was concerned that government and state firms would provide fresh financial support to weak regions in the country, “posing broad downside risks to China’s fiscal, economic and institutional strength.” And they will, because they have no other choice, and the alternative is economic collapse and social upheaval.

The deteriorating outlook comes as the latest housing data in the world’s second-largest economy shows no end in sight for the property crisis amid worsening home sales. We noted last month that home prices plunged the most in eight years.

Accelerating turmoil in the property market is further evidence that fiscal and housing stimulus to reboot the economy has failed so far, and perhaps a depression is unavoidable.

Another concern is that local government debt has surged due to plummeting land sale revenues from the property downturn and pandemic lockdowns. This raises fears of a broader financial crisis. Additionally, there are mounting worries in China’s $3 trillion “shadow banking” sector, primarily because of bad property investments.

For the broader economy, Moody’s forecasts GDP growth around 4% in 2024 and 2025 – nearly halved from 2019 levels.

Moody’s also maintained an A1 rating on China’s sovereign bonds:

“The affirmation of the A1 rating reflects China’s financial and institutional resources to manage the transition in an orderly fashion.

“Its economy’s vast size and robust, albeit slowing, potential growth rate, support its high shock-absorption capacity.”

China’s Finance Ministry, predictably, called Moody’s decision “disappointing”:

“China’s economy is shifting to high-quality development, new drivers of China’s economic growth are taking effect, and China has the ability to continue to deepen reforms and respond to risks and challenges,” adding that Moody’s concerns about the country’s growth and fiscal profile are “unnecessary.”

Simon Harvey, head of FX analysis at Monex Europe, responded to the decision and warned it’s tough to turn constructive on Chinese assets and the yuan.

“It was notable that the decline in USD/CNY towards the end of November didn’t necessarily coincide with an improvement in China’s macro outlook, without which we think it is difficult to turn constructive on Chinese assets and the yuan,” Harvey said.

As a result, the yuan extended losses on Tuesday. China equity indexes, including the CSI 300 Index and Hong Kong’s Hang Seng, fell 1.90% and 1.91%, respectively.

Bloomberg indicated that details of Moody’s decision were leaked prior to the official announcement, with speculations suggesting a possible leak as early as last Friday.

Last week, the OECD warned that “structural stresses” in China contributed to downside risk to global growth.

This comes less than a month after Moody’s cut its outlook on US credit ratings to negative from stable, citing downside risks to the world’s largest economy’s fiscal strength.

END

CCP covering up the mysterious pneumonia (white lung) outbreak in children. Spoiler alert: it was caused by the vaccines

(zerohedge)

CCP Deploys Cover-Up For Mysterious Pneumonia Outbreak In Children

MONDAY, DEC 04, 2023 – 11:00 PM

Authored by Eva Fu via The Epoch Times (emphasis ours),

The sense of helplessness that has gripped the Chinese people on and off since the start of the COVID-19 pandemic three years ago is again returning as the country grapples with an unidentified pneumonia outbreak that is sickening children and overwhelming hospitals.(Illustration by The Epoch Times, Getty images)

In strollers, or carried by their parents, sick children have been filling hospital waiting rooms, hallways, and spilling outside the main gates. They wait for hours hoping for their number to be called on the loudspeaker before the day is over.

Waiting up to 12 hours is not uncommon—if one can get in line at all. After staying past midnight in a hospital hallway teeming with people, a Beijing resident shared a photo while holding a ticket number in the 1800s—the placement in the day’s queue—reminding would-be visitors to bring a stool with them, because “there’s nowhere to sit if you need to get an IV drip.”

From north to south, the spike in children’s respiratory hospitalizations is shutting classrooms and pushing health authorities to issue a flurry of announcements telling teachers and students who feel unwell to stay home.

“Everyone in the class is coughing—you can’t even hear what the teacher is saying,” a man surnamed Chen told The Epoch Times, recounting what he heard from his school-aged daughter from Beijing.

Just like three years ago, the Chinese Communist Party (CCP) appears dismissive of the disease’s risk, telling a concerned World Health Organization that there are no “unusual or new pathogens” or clinical symptoms.

The regime partially attributed the uptick to a mid-October upgrade in a respiratory surveillance mechanism, and asserted that the existing Chinese hospital capacities have been sufficient to handle the situation.Patients wait to see the doctors at a fever clinic of Dongguan People’s Hospital in Dongguan, Guangdong Province, China, on Dec. 20, 2022. (VCG/VCG via Getty Images)

Beijing’s explanation, which the international health agency as well as the Centers for Disease Control and Prevention (CDC) have quoted verbatim, has convinced few in China or abroad.

The acting director of WHO’s department of epidemic and pandemic preparedness and prevention, Maria Van Kerkhove, said in a Nov. 29 press briefing that the organization is “following up with the situation in China” and assessing “the health care capacities around the world” in dealing with these types of new infections.

Sean Lin, microbiologist and former lab director at the viral diseases branch of Walter Reed Army Institute of Research, expressed frustration over the WHO’s reliance on China’s regime for information.

“How can you trust the Chinese government data?” he told The Epoch Times.

Many lawmakers in Washington, especially Republicans, see the same thing happening in China now.

“We have no ability to trust the Chinese,” Rep. Morgan Griffith (R-Va.), told The Epoch Times’ sister outlet NTD on Nov. 30, a day after signing a letter demanding that the CDC investigate the outbreak in China.

“They’re not forthcoming, they don’t want to lose face, and as a result, people die.”

Rep. Greg Murphy (R-N.C.), a practicing surgeon, similarly believes “China’s going to do everything possible so that they don’t look like they’re the genesis of another pandemic.”

“I don’t trust anything the Chinese say—not a word,” he told NTD. “You get burned once, you don’t get burned again.”A medical staff member gestures inside an isolation ward at a Red Cross hospital in Wuhan in China’s central Hubei Province on March 10, 2020. Chinese leader Xi Jinping said on March 10 that Wuhan has turned the tide against the deadly coronavirus outbreak. (STR/AFP via Getty Images)

A Fast Spreading Pathogen

Around this time last year, the regime abruptly abandoned its draconian zero-COVID restrictions after forcing the Chinese population to live for years in an on-again, off-again lockdown with food and other basic needs hanging in the balance.

In the first 20 days of December 2022, an estimated hundreds of millions contracted the virus. The influx of infections and deaths overloaded hospitals and crematoriums.

Children have been particularly hard hit during the current pneumonia outbreak. Major Chinese pediatric hospitals across China have reported receiving up to 10,000 patients each day in recent weeks.

The Tianjin Children’s Hospital hit a daily record of 13,171 patients recently. The hospital’s director, Liu Wei, penned a letter pleading for understanding from the public, emphasizing that the medical workers are also parents, some with their own sick children.

Other health workers from the northeastern megacity confirmed the same pattern is repeating throughout Tianjin if not elsewhere. Going to the doctor at a hospital, for many Chinese, means waiting in the wee hours of the morning in front of their computer screen to secure a placement number, which is limited daily.

“Even when our children get sick, we also have trouble getting a number. We also have to keep refreshing the screen to see if a number becomes available,” one Beichen Hospital staff member told The Epoch Times. Further north, in Jilin Province, a staff member from the Second Hospital of Jilin University said the hospital was booked for the next seven days.Hearses are seen waiting to enter a crematorium in Beijing on Dec. 22, 2022. The Chinese regime suddenly decided to lift years of lockdowns, quarantines, and mass testing. (STF/AFP via Getty Images)

In some hospitals, the waiting rooms were so packed that children and their families had to line up outside the hospital gate. Tents, camping beds, foldable chairs, and blankets were all put into use, while those needing intravenous treatment brought hangers and lifting hooks to self-administer an IV during the wait.

Feeling the pressure, authorities in the northern Chinese city of Sanhe have dispatched workers in hazmat suits to sanitize campuses. A man from Beijing, Mr. Liu, told The Epoch Times that the hospital he was staying in had put out a mask mandate and limited family visits to a two-hour window each evening.

People in the thick of it speak uneasily of how fast, and persistent, the disease has been taking hold.

On Chinese social media site Weibo, an elementary school teacher from southern China’s Hunan Province shared how the entire class fell sick overnight and stayed home. The teacher also called in sick after a night of head-splitting high fever, hand tremors, ringing in ears, and a dry cough that brought sharp lung pain.

A Beijing mother of two, whose entire family recently suffered from the disease, referred to a local school in which half of the students became afflicted despite all the precautionary measures.People wait to see a doctor at the First Affiliated Hospital of Zhengzhou University, the nation’s largest hospital by bed count, in Zhengzhou, Henan Province, China, on Jan. 30, 2023. (VCG/VCG via Getty Images)

“There’s not much you can do,” she told The Epoch Times. “Mask up and cover yourself as much as you like, you get infected all the same.”

It’s also hard to completely shake it, she added. Days after the coughing and sneezing ceased, a student believed to have recovered became feverish again.

Read the rest here…

4.EUROPEAN AFFAIRS//UK /SCANDINAVIAN AFFAIRS

IRELAND/DUBLIN

the real story behind what is going on in Dublin, Ireland: the mass migration

(Brownstone Institute)

Those Who Cry “Far Right” Have No Idea What’s Happening In Dublin

TUESDAY, DEC 05, 2023 – 06:30 AM

Authored by David Thunder via The Brownstone Institute,

You might think that a government faced with a barbaric public stabbing of schoolchildren and an unprecedented night of rioting in its capital city would extend condolences to the victims, take a deep breath, and try to figure out how a city managed to spiral out of control on its watch. But instead, the riots in Dublin were met by a shallow, one-dimensional analysis by all of the key authorities involved: to blame the “far right.”

For example, Garda Commissioner Drew Harris blamed the violence on the streets on a “hooligan faction driven by far right ideology.”

Taoiseach Leo Varadkar pledged at a news conference to “modernise our laws against incitement to hatred and hatred in general.”

And Minister for Justice Helen McEntee said that a “thuggish and manipulative element” was using the earlier incident to “wreak havoc.”

The Irish government would have us believe that the most destructive riot in Dublin in living memory was not a symptom of failed governance, but the result of an ideological fringe group going on a looting spree. That is a suspiciously convenient narrative for the powers that be, for it absolves them of all responsibility for losing control of the city. By fingering a Far-Right fringe, public officials can wash their hands of any role they themselves may have played in bringing the city to the brink of anarchy.

But blaming these riots on the “far-right” only serves as an excuse for not engaging in serious reflection about the deeper causes of this incendiary atmosphere, and the ensuing events. These events did not come out of nowhere and cannot be simplistically reduced to the work of a fringe “far-right” mob. “Far-right” talk is an excuse for not thinking hard about what led up to this and how public authorities lost control of Dublin’s city centre.

Of course, any sane and sensible person would recognise that going on a looting spree and setting fire to trams and buses is an absolutely destructive, anti-social, and counterproductive way to react to a horrible crime. And given that there is documentary evidence that some of the rioters used explicitly anti-immigrant rhetoric, yes, there was undeniably an element of “Far-Right” sentiment at work in these riots, if, by that, we mean indiscriminate hatred and anger directed toward immigrants in general.

Nonetheless, to suggest that Thursday’s chaotic scenes can be blamed exclusively on the “Far-Right” would be profoundly disingenuous.

To begin with, many of the “hooligans” that joined the riots seemed at least as interested in looting shops and finding an excuse to set something on fire as in joining a political movement.

Secondly, even if there were important xenophobic elements among the rioters, this does not explain how a city can be so fragile as to succumb to chaos and looting in a few hours.

The attempt to scapegoat the “Far-Right” for the breakdown in public order that we saw on Thursday conveniently ignores the fact that successive Irish governments have allowed criminals to wander the streets of Dublin with relative ease.

Budding criminals know they will face lenient sentences, partly because there is simply no room in Irish jails to hold them for long, leading to a “revolving door” scenario in our prisons, as pointed out five months ago by the Irish Prison Services.

People feel less safe in Dublin city than ever before, and there is a widespread belief that criminals in Dublin can act with impunity, or else will not suffer a prison sentence proportionate to their crimes.

The government most certainly must answer for failing to address this problem over the years. This failure most certainly cannot be blamed on “far-right” ideology.

Thirdly, while there is no excuse for attacking police officers or setting vehicles alight, the Irish government has undoubtedly paved the way for these riots by refusing to listen to its citizens for years. Ireland’s political establishment has consistently been dismissive toward reasonable concerns about its immigration and refugee policies, reducing them to the rantings of a “Far-Right” fringe. This has created an atmosphere of pent-up resentment and frustration, and it was only a matter of time before this frustration erupted onto the streets.

Many aspects of Ireland’s immigration policies strike people as profoundly unfair and destructive, including allowing very large numbers of asylum-seekers to avail of free or cheap housing on the taxpayer’s dime while Irish citizens are frozen out of the housing market; and flooding local communities with large numbers of refugees with no prior consultation whatsoever. In response to complaints, the Irish government has just doubled down, and given us more of the same “open-door” immigration policies.

So when a city is taken over by thugs for a night, we should be less worried about whether there were “far-right” elements among them, and more worried about why they felt they could openly engage in this level of brazen violence and destruction and get away with it; and how the atmosphere in Dublin become so tense and angry that a single stabbing incident, however unspeakable, could spark riots on a level we have not seen in generations.

* * *

Republished from the author’s Substack

END

5 RUSSIA//UKRAINE AND MIDDLE EASTERN AFFAIRS

ISRAEL/HAMAS/

This is going to be interesting and probably the right thing to do. It will take some time to flood but will force Hamas and hostages to the surface. It may damage buildings but they were poorly built and may need to be replaced under a new government there.

(two commentaries, Jerusalem Post and second zero hedge)

Israel is preparing to flood the Hamas tunnel network in Gaza – report

Some US officials expressed concern about the plan while others supported the plan.

By JERUSALEM POST STAFFDECEMBER 5, 2023 01:19Updated: DECEMBER 5, 2023 03:41

An IDF soldier secures a tunnel underneath Al Shifa Hospital in Gaza City, amid the ongoing ground operation of the Israeli army against Palestinian Islamist group Hamas, in the northern Gaza Strip, November 22, 2023.(photo credit: RONEN ZVULUN/REUTERS)

The IDF is planning to pump seawater into the Hamas tunnel network in Gaza according to a Wall Street Journal report.

Five large pumps have been assembled north of the al-Shati refugee camp during the last month, with each one capable of pumping thousands of cubic meters of seawater into the tunnels.

Israel informed US officials that they were considering this option last month and needed to weigh feasibility and environmental factors against military necessity.

Some US officials expressed concern about the plan while others supported the plan.

The process could take weeks and therefore could allow Hamas’s fighters to evacuate, potentially taking the hostages with them. However, it isn’t clear whether Israel would wait until all hostages are returned.

A smuggling tunnel beneath the Egyptian-Gaza border in Rafah [File] (credit: REUTERS)

The environmental impact

One of the major concerns over this plan is the environmental impact of pumping seawater into the ground.

Sea water seeping into the soil is a major cause for concern as it can poison already semi-salinated aquifers deep in the ground as well as making the surface extremely unstable.

Fears that seawater would salinate Gaza’s soil, making it extremely difficult to grow crops. There are also concerns that substances stored in the tunnels could also seep into the soil further contaminating the area.

Former US officials told the Wall Street Journal that the plan would perhaps bring global condemnation, but they conceded it might be one of the few ways to permanently disable the tunnels.

Egypt flooded Hamas tunnels with seawater in 2015, which led to complaints from farmers in Rafah that it had damaged their crops.

Typically militaries use dogs and robots to clear tunnels, however, the effectiveness of flooding the tunnels may prove too lucrative option for the IDF, saving them time, money, and manpower.

end

SAME STORY AS ABOVE

(ZEROHEDGE)

Israel Readying Risky Plan To Flood Miles Of Gaza’s ‘Terror Tunnels’ With Sea Water

TUESDAY, DEC 05, 2023 – 09:10 AM

Israel’s military has reportedly put in place controversial and high risk plans to flood Gaza’s vast network of underground tunnels used by Hamas with sea water.

The plan is to force Hamas militants above ground or else drown them, utilizing a series of pumps to pull water from the Mediterranean Sea, which are expected to provide enough water to fully flood the tunnels within weeks. According to details in The Wall Street Journal, US defense officials have been briefed on the ‘option’ – and with pumps now in place – but it’s not believed that the Israelis have pulled the trigger on it yet. Water plant in Israel, via Shutterstock

“The Israel Defense Forces finished assembling large seawater pumps roughly one mile north of the Al-Shati refugee camp around the middle of last month,” the report indicates. “Each of at least five pumps can draw water from the Mediterranean Sea and move thousands of cubic meters of water per hour into the tunnels, flooding them within weeks.”

Some US officials were cited as expressing “concern” about the plan, also given the potential to kill more civilians and further destroy the Strip’s infrastructure. A prime issue is that some 137 Israeli and foreign hostages remain in Hamas captivity after the end of last week’s ceasefire and prisoner swap deal.

Very likely all or many of them are being kept somewhere within the tunnel system and its cavernous rooms. Hamas even has subterranean offices and command centers within. Israel has thus far identified at least 800 tunnels, but believes the network is still much bigger than what’s known.

“We are not sure how successful pumping will be since nobody knows the details of the tunnels and the ground around them,” one unnamed security source told the WSJ. “It’s impossible to know if that will be effective because we don’t know how seawater will drain in tunnels no one has been in before.”

There’s also the question of the seawater destroying altogether what’s left of the Strip’s already damaged water system, which draws on Gaza’s increasingly saltier aquifer. The whole flooding initiative could also bring down more buildings or entire blocks, making the place uninhabitable for years to come.

“Wim Zwijnenburg, who has studied the impact of war on the environment in the Middle East, said that assuming that about one-third of the tunnel network is already damaged, Israel would have to pump roughly 1 million cubic meters of seawater to disable the rest,” the WSJ report notes.

Last week, Secretary of State Antony Blinken was in Israeli where he pressed for a “clear plan in place that puts a premium on protecting civilians.” If Israel ‘gets creative’ with these daring plans to flood the tunnels, this will bring even more pressure to bear on the White House internationally to condemn or reign in Israel.

While President Biden has been personally relatively quiet on the issue, his security officials as well as Vice President Harris have been increasingly vocal on the need to protect civilians.

A month ago there were wild reports and speculations that Israel could pump Sarin gas or other chemical weapons into the tunnels. However, this is unlikely to have ever been a real option given the unpredictable nature and potential spread of nerve agents to confines not intended to be targeted (such as civilian homes, hospitals and buildings above the tunnels).

end

Airstrikes in the north of GAZA, Jabalya the northern headquarters of Hamas.

Airstrikes in Jabalya, IDF has completed another phase of the ground maneuver towards Khan Yunis

By AMIR BOHBOT/WALLA!

Significant airstrikes have been carried out in early Tuesday morning in Jabaliya in the north of the Gaza Strip.

In addition, in the last hour, the IDF completed another phase of the ground maneuver toward the city of Khan Yunis with an emphasis on the main road leading from the central camps toward the center of the city of Khan Yunis.

end

Released Israeli hostages ask Red Cross to visit remaining captives

Israeli authorities have said seven civilians and an army colonel died in captivity and that 137 hostages remain in Gaza, their condition not always known.

By REUTERSDECEMBER 5, 2023 01:26

Red Cross vehicle carrying hostages abducted by Hamas during the October 7 attack on Israel, arrives at Rafah border, amid a hostages-prisoners swap deal between Hamas and Israel, in southern Gaza Strip, November 28, 2023.(photo credit: REUTERS/IBRAHEEM ABU MUSTAFA)

Eight released Israeli hostages wrote a letter to the International Committee of the Red Cross on Monday, asking the humanitarian organization to provide medical assistance and to visit their relatives still being held by Hamas in Gaza.

In an Oct. 7 cross-border attack, Hamas militants killed 1,200 people and seized 240 hostages, according to Israeli tallies. Hamas freed over 100 of the captives during a seven-day truce last month in return for the release by Israel of scores of Palestinian detainees, as well as an increase in humanitarian aid shipments to Gaza.

While the deal was brokered by Qatar, the US, and Egypt, the handover of hostages and Palestinian detainees was facilitated by the Red Cross.

Israeli authorities have said seven civilians and an army colonel died in captivity and that 137 hostages remain in Gaza, their condition not always known.

Israeli hostages are handed over to the International Red Cross at Rafah, this past week. (credit: FLASH90)

Growing calls for Red Cross to do more for hostages

The released hostages said in their letter that they had endured “harsh conditions” while being held and asked the Red Cross to help secure the immediate release of those still in captivity. They also asked the Red Cross to make visits to verify the health status of the captives and provide medical assistance and proof of life which they said was urgent.

The Red Cross has not commented on the letter, but it has previously called for agreements to allow its teams to check on hostages and deliver medication. It has said it cannot force its way to where hostages are held and does not always know their locations.

The hostages said their Hamas captors subjected them to “lack of medical treatment for illnesses and injuries with culpable neglect, severe food shortage, and unsanitary living conditions.”Advertisement

“Some of the hostages undergo psychological and physical abuse,” the letter said.

The letter also requested a meeting with the organization’s president.

In response to the Oct. 7 Hamas attack, Israel has bombarded Hamas-ruled Gaza with air strikes and pressed a ground campaign. The Palestinian health ministry has said at least 15,899 people have been killed during the eight weeks of warfare.

end

ISRAEL/YEMENBREAKING NEWS

Israel attacks Yemen and that should have been the responsibility of the uSA

(Jerusalem Post)

Echoes of explosions were heard in the capital Sana’a, the attack was attributed to Israel

By MAARIVDECEMBER 5, 2023 02:51

According to reports in Yemen, explosions were heard in the capital Sana’a in the last hour. The attack was attributed to Israel.

END

ISRAEL/WEST BANK

Exchange of fire in Jenin. 10 are arrested. Bulldozers arrive to this northern town in the West Bank

(Jerusalem Post)

Exchange of fire in Jenin, ten arrested on suspicion of terrorist activity in Ramallah and Nablus

By AMIR BOHBOT/WALLA!DECEMBER 5, 2023 06:18

Early Tuesday morning the IDF arrested more than ten people suspected of terrorist activity in the village of Boudros in the Ramallah district, according to Israeli media.

A similar operation was carried out in the Askar refugee camp in Nablus.

In the Jenin refugee camp, there was an exchange of fire between armed men and IDF fighters, as IDF bulldozers scraped roads out of fear of explosives.

END

MONDAY NIGHT/LATE

(Times of Israel)

Israelis move deeper in southern Gaza

Israel-Hamas war live: Israeli military moves deeper into southern Gaza as the UN says ‘nowhere is safe’

The central road out of Khan Younis ‘constitutes a battlefield’, says the IDF; the UN says that ‘an even more hellish scenario’ looms for Gaza

04.53 GMT

Israeli tanks, armoured personnel carriers and bulldozers have entered the southern part of the Gaza Strip near Khan Younis, as an Israeli commander claimed the army had almost completed its mission in the north.

Israeli military vehicles were on the southern section of the main north-to-south road in Gaza, “firing bullets and tank shells at cars and people trying to move through the area”, a witness, Moaz Mohammed, told the AFP news agency.

Israel largely captured the northern half of Gaza in November. Since a week-long truce collapsed on Friday they have swiftly pushed deep into the southern half. Hamas ally Islamic Jihad’s armed wing told Reuters its fighters engaged in fierce clashes with Israeli soldiers north and east of Khan Younis, Gaza’s main southern city.

Israeli tanks have driven into Gaza across the border and cut off the main north-south route, residents told Reuters. The Israeli military said the central road out of Khan Younis to the north “constitutes a battlefield” and was now shut.

It’s as the UN expresses fears of what lies ahead for Gaza. Lynn Hastings, UN humanitarian coordinator for the Palestinian territories said that “an even more hellish scenario” looms in Gaza in which humanitarian aid simply grinds to a halt.

“The conditions required to deliver aid to the people of Gaza do not exist,” Hastings said. “Nowhere is safe in Gaza and there is nowhere left to go.”

At the United Nations, Secretary-General António Guterres appealed to Israel to avoid further action that would make the already dire humanitarian situation in Hamas-run Gaza worse, and to spare civilians from more suffering.

end

IDF penetrates heart of southern Gaza

Although the IDF had achieved this penetration on Sunday, this news was kept classified in order to take the terror group by surprise.

By YONAH JEREMY BOB

The IDF has penetrated the heart of Khan Yunis, which is itself the heart of Hamas in southern Gaza.

It had achieved this penetration on Sunday, but the announcement was only made on Monday.

The IDF took a variety of maneuvers to penetrate Khan Younis.

Simultaneously, the IDF invaded Khan Younis from the east, so that Hamas would need to fight on multiple fronts.

A massive force of multiple brigades, including from Division 162, was thrown into the onslaught to take over Hamas’s most crucial city in southern Gaza.Palestinians inspect the damage following an Israeli strike on a house after a temporary ceasefire between Hamas and Israel ended, in Khan Yunis in the southern Gaza Strip, December 1, 2023 (credit: MOHAMMED SALEM/REUTERS)

The air force accompanied the ground forces thrust into Khan Yunis with significant attacks to eliminate Hamas command and control capabilities.

END

(times of Israel)

Northern Gaza: Shejaia

IDF sent large force into Shejaia at the same time as Khan Yunis attack

At the same time as the attacks on Khan Yunis, the IDF sent a large and hard-hitting force, including Divisions 162 and 36, into Shejaia, known as Hamas’s greatest remaining stronghold in northern Gaza.

A senior IDF official said that the IDF had purposely waited to assassinate the head of Hamas’s Shejaia battalion until just before it was ready to invade in force in order to maximize the impact of the shock and disorganization on the Shejaia Hamas forces.

In Shejaia, the IDF hurled large infantry forces at Hamas along with massive air strikes and also succeeded in destroying significant positions and command centers.

In addition, the IDF also attacked parts of Jabalia and Beit Hanoun in northern Gaza which still had not been entirely cleared, though those areas were already more under IDF control than Shejaia, which the IDF had only started to attack recently.

The IDF also ramped up its attacks on Hamas in central Gaza, which had already started in recent days.

Several hundred Hamas terrorists were killed on Sunday, marking one of the deadliest for Hamas’s forces, and bringing the number of dead Hamas forces to around 6,000 with thousands wounded as well.

Based on these estimates, Hamas is assessed as having around 20,000 remaining potential fighters of its original 30,000.

The IDF has said less about the estimated 10,000 Islamic Jihad forces, though there have been many specific anecdotes of attacks against the terror group along with Hamas.

Based on the combined attacks, IDF Southern Command Chief Maj. Gen. Yaron Finkleman said, “We are in the heart of Jabalia, the heart of Shejaia, and as of last night, the heart of Khan Younis. We are in the most intense day since the start of the invasion – in terms of the number of killed terrorists, the number of battles, and the volume of fire brought to bear by ground and air forces. We intend to continue to attack and to deepen our achievements.”

Civilians from Khan Yunis had been directed to evacuate further south to Rafah as well as to a safe area toward the west of Khan Yunis.

end

Tuesday morning

(Jerusalem Post)

IDF conducts joint operations in Gaza overnight, takes Hamas stronghold

By JERUSALEM POST STAFF

Israel Defense Forces raided the Hamas general security headquarters in the Jabalya area of the Gaza Strip overnight on Monday night, according to an IDF statement, and were able to destroy terrorist infrastructure.

The operation was carried out by IDF combat soldiers in cooperation with the Shin Bet and resulted in the IDF’s complete encirclement of the Jabalya camp.

Forces found weapons, maps, and surveillance equipment, among other things in the stronghold.

Additionally, the Israeli Air Force along with the paratroopers’ brigade struck targets in Gaza from which Hamas Nukhba terrorists were operating. They also destroyed rockets next to a house in the north of the Strip.

Finally, Israel’s navy also attacked several Hamas targets in the Gaza Strip to aid the ground troops.

end

Times of Israel

same story as above but earlier

IDF raids Hamas’s general security HQ in Jabaliya, expands ground op in south Gaza

Soldiers find rockets, weapons, equipment, intel; Air Force hits elite Hamas Nukhba unit in joint operation with paratroopers; Navy strikes terror targets on Gaza coast

DF soldiers operate in the Gaza Strip in this handout photo published by the military on December 5, 2023. (IDF)

The Israel Defense Forces said it had pushed deeper into Jabaliya in the northern Gaza Strip on Tuesday morning, with the 551st Reserve Brigade and the Navy’s Shayetet 13 commando unit raiding Hamas’s general security headquarters in the area.

The military also pushed ahead with expanding its ground offensive into Khan Younis in the south of the Strip, where it believes Hamas leadership is hiding.

Israel has vowed to topple Hamas after the October 7 massacres, in which Palestinian terrorists stormed across the border from Gaza and slaughtered some 1,200 people, mostly civilians, and took around 240 hostages.

Palestinian terrorists continued to fire rockets at Israeli communities on Tuesday morning, with sirens sounding in the largely evacuated Israeli communities near the Gaza border, as well as the southern city of Beersheba, some 40 kilometers away. No injuries or damage were reported in the attacks.

Throughout Monday and early Tuesday, IDF troops were operating in Jabaliya to destroy Hamas assets. Soldiers located rockets and other weapons, and directed airstrikes at Hamas operatives.

According to the IDF, the 162nd Division began to operate deeper in Jabaliya after completing the encirclement of its refugee camp in recent days.

IDF tanks operate in the Gaza Strip in this handout photo published by the military on December 5, 2023. (IDF)

In a joint operation carried out with the Shin Bet, IDF reservists of the 551st Brigade and Shayetet 13 commandos raided the Hamas general security headquarters in Jabaliya, and found weapons, various equipment, and intelligence, the military said.

The Israeli Air Force continued to carry out strikes in Gaza, with the IDF saying that on Monday it struck a group of elite Hamas Nukhba operatives during a joint operation with the Paratroopers Brigade. The paratroopers also found a cache of rockets, according to the IDF.

The Israeli Navy also carried out dozens of strikes along the Gaza coast, aiding the ground forces, the IDF added.

On Tuesday morning, the IDF announced the deaths of five troops killed fighting Hamas terrorists in the Gaza Strip a day earlier, raising the death toll since Israel’s ground offensive began in late October to 80.

Four of the soldiers served in the 188th Armored Brigade’s 53rd Battalion: Cpt. Eitan Fisch, 23, from Peduel; Cpt. Yahel Gazit, 24, from Rakefet; Staff Sgt. Tuval Yaakov Tsanani, 20, from Kiryat Gat; and Sgt. Yakir Yedidya Schenkolewski, 21, from Migdal Oz.

The fifth soldier was named as Master Sgt. (res.) Gil Daniels, 34, of the 261st Brigade’s 6261 Battalion, from Ashdod.

This composite photo (L-R) shows Cpt. Yahel Gazit, Master Sgt. (res.) Gil Daniels, Cpt. Eitan Fisch, Sgt. Yakir Yedidya Schenkolewski, and Staff Sgt. Tuval Yaakov Tsanani, who the Israel Defense Forces announced on December 5, 2023, were killed fighting against Hamas terrorists in the Gaza Strip. (Israel Defense Forces)

Meanwhile, Israel late Monday denied that it told the UN health agency WHO to empty an aid warehouse in southern Gaza before ground operations in the area render it unusable.

“The truth is that we didn’t ask you to evacuate the warehouses and we also made it clear (and in writing) to the relevant #UN representatives,” the Defense Ministry body responsible for Palestinian civilian affairs, COGAT, said in a post on X.

COGAT was responding to a Monday post on X from WHO chief Tedros Adhanom Ghebreyesus: “Today, WHO received notification from the Israel Defense Forces that we should remove our supplies from our medical warehouse in southern Gaza within 24 hours, as ground operations will put it beyond use.”

“We appeal to Israel to withdraw the order, and take every possible measure to protect civilians and civilian infrastructure, including hospitals and humanitarian facilities,” he said.

Palestinians storm a UN-run aid supply center that distributes food to displaced families in the Gaza Strip, Deir al-Balah on October 28, 2023. (Mohammed Abed / AFP)

The rising death toll and unfolding humanitarian crisis in Gaza have sparked outrage in much of the world. The Hamas-run health ministry in Gaza says Israel’s military campaign, in response to the terror group’s murderous attacks on October 7, has killed around 15,900 people so far, most of them women and children. These figures cannot be independently verified, and are believed to include both Hamas terrorists and civilians, and people killed as a consequence of terror groups’ own rocket misfires.

Senior Israeli military officials were quoted Tuesday as saying that approximately two civilians have been killed for every dead Hamas fighter in the Gaza Strip.

The unnamed officials added that the IDF was deploying high-tech mapping software in an effort to reduce noncombatant deaths.

Asked about media reports that 5,000 Hamas fighters had been killed, one of the senior officials told reporters at a briefing, “The numbers are more or less right,” adding, “Hopefully it [the ratio of civilian to combatant fatalities] will be much lower” in the coming phase of the war.

Key ally the United States has cautioned Israel to do more to avoid civilian casualties as operations shift to the south, where many Gazans are seeking refuge after fleeing the devastated north.

Agencies contributed to this report.

END

Hamas commanders killed by IDF hiding in tunnels

In the attack on the tunnel where the terrorist organization’s commanders were hiding, IDF forces, guided by the Shin Bet and Military intelligence, eliminated the Hamas terrorists.

By TAL LEV RAM/MAARIV

posts[i].image.ImageName (photo credit: IDF SPOKESPERSON'S UNIT) — The senior Hamas officers of the northern brigade of the Gaza Strip and the Gaza City Brigade who were eliminated(photo credit: IDF SPOKESPERSON’S UNIT)

In a special report, the IDF and the Shin Bet on Tuesday revealed the targeting of senior Hamas members from the Northern Gaza Brigade and the Gaza City Brigade from within the tunnels, with most of these leaders being eliminated during combat.

The Northern Gaza Strip Brigade is the second largest in the Hamas terrorist organization. In the attack on the tunnel where the terrorist organization’s commanders were hiding, under civilian homes and near the Indonesian Hospital, IDF forces, guided by the Shin Bet and Military intelligence, eliminated the brigade commander, Ahmed Ehandor, the deputy brigade commander, Al Rajab, and other senior members including the commander of the support battalion, the head of the electronic warfare unit, and the surveillance officer in the Northern Gaza Strip.

Ehandor was a member of the military wing’s executive council. He was responsible for directing and managing all of Hamas’ terrorist activities in northern Gaza.

More terrorists eliminated

Simultaneously with the elimination of the commanders in the northern Gaza Brigade, the commander of the Beit Lehia battalion, the commander of the Jabalia Center battalion, and terrorists only in this brigade were also eliminated.(credit: Atia Mohammed / Official site)

Due to the impact on the command and infrastructure, the operational capabilities of the Northern Gaza Brigade were significantly damaged.

The Gaza City Brigade is the largest is the Hamas terrorist organization. In Gaza City, there are numerous military bases, as well as manufacturing sites and weapon storage facilities amidst the civilian population.

Gaza City is a prime example of Hamas’ use of the civilian population as human shields. IDF forces, guided by the Shin Bet and military intelligence, eliminated four battalion commanders in the Gaza Brigade, including the commanders of the Sabra, Shati, Daraj Tafah, and Shuja’iya battalions.

The Sabra Battalion was significantly damaged, and besides the battalion commander, other commanders in the central command chain were eliminated, and the battalion’s infrastructure and headquarters were rendered inoperable.

In the Shati Battalion sector, IDF forces took control of key strongholds. This battalion was responsible for central Hamas command posts, including Shifa Hospital command, whose underground infrastructure was thwarted.

In addition, the brigade’s anti-tank head, head of air information, and the naval formation officer were eliminated.Go to the full article >>

LT COL. RICHARD HECHT

UKRAINE/RUSSIA.

Agencies contributed to this report.

GLOBAL VACCINE/COVID ISSUES

DR PAUL ALEXANDER:

COVID-19 Vaccination Cripples Senior Marathon Runner Into Wheelchair;Former CEO Devastated with Motor Neuropathy after 3 Shots; Agrees to Empiric Trial of McCullough Protocol Base Spike Detoxification

This move by McCullough to see the effects of the Spike Detoxification is critical for it will bullet-proof any outstanding questions; see McCullough’s stack below and promotion with TWC

DR. PAUL ALEXANDERDEC 4

READ IN APP

Excellent substack by McCullough, worth the read, McCullough remains the leader of the COVID Freedom Fighter Movement, top intellect, very decent principled human being. Both McCullough and I, as well as Dr. Harvey Risch, Dr. Roger Hodkinson, Dr. Julie Ponesse, Dr. William Makis etc. are part of the scientific arm of The Wellness Company who produce these formulations that could be beneficial.

It is key to note that pregnant women, breast feeding women, children, person on blood thinning medications etc. should not use these products unless cleared by their physician.

end

Airline pilots are in trouble due to the mRNA technology vaccines with incapacitations, deaths; would it take 2 commercial passenger planes dropping from the skies killing all on board for the FAA,

the airline industry, unions etc. to act to safeguard the cockpit? What will it take? How many must died first before action is taken? a recent American Airlines Flight AA755 underscores the urgency

DR. PAUL ALEXANDERDEC 5

READ IN APP

Dr. Makis’s recent substack summarizes what we know this far (also key reporting by Stillwagon):

COVID Intel – by Dr.William Makis

Pilot Incapacitation – American Airlines Flight AA755 (Boeing 787) CDG-PHL, from Paris, France, to Philadelphia, PA, USA (on Nov.29, 2023) – pilot had a seizure and collapsed in the cockpit

Nov.29, 2023 – American Airlines Flight AA755 (CDG-PHL) from Paris to Philadelphia Story By: Dr.Kevin Stillwagon First Officer who was the flying pilot on American Airlines flight 755 from Paris to Philadelphia on Nov.29, 2023, had a seizure that stiffened his legs and back, jamming his feet under the rudder pedals on short final approach…

3 days ago · 106 likes · 14 comments · Dr. William Makis MD

Boeing 787-8 Deliveries Resume - American Airlines Newsroom

‘Nov.29, 2023 – American Airlines Flight AA755 (CDG-PHL) from Paris to Philadelphia

Story By: Dr.Kevin Stillwagon

SLAY NEWS

The latest reports from Slay News

Whistleblower Arrested for Exposing New Zealand’s Mass Vax Deaths A New Zealand government official has been arrested for leaking secret data to expose the nation’s soaring mass deaths among Covid-vaccinated members of the public.READ MORE

John Kerry Vows to ‘Accelerate Unabated Coal Phaseout Across the World’Democrat President Joe Biden’s unelected and unregulated “climate czar” John Kerry has vowed to “accelerate unabated coal phaseout” in every nation around the world.READ MORE

‘Supernatural’ Actor Mark Sheppard Suffers ‘6 Massive Heart Attacks,’ Says Doctors Brought Him ‘Back from the Dead’“Supernatural” actor Mark Sheppard has announced that doctors brought him “back from the dead” four times after he reportedly suffered “six massive heart attacks.”READ MORE

Scranton Locals Trash Biden: ‘Worst President We Ever Had’Locals in Joe Biden’s hometown of Scranton, Pennsylvania have trashed the Democrat president over his running of the country, specifically taking aim at his so-called “Bidenomics.”READ MORE

House Republicans Warn Jack Smith’s ‘Days Are Numbered’House Republicans have issued a warning to Democrat President Joe Biden that his anti-Trump special counsel Jack Smith’s “days are numbered.” READ MORE

Fetterman Calls for ‘Sinister’ Democrat Sen Menendez to Resign or Be Expelled: ‘He Needs to Go’Sen. John Fetterman (D-PA) has called for his fellow Democrat Senator Robert Menendez (D-NJ) to resign or be expelled from the Senate.READ MORE

Hillary Clinton Accuses Trump of Engaging in Psychological ‘Projection’Twice-failed Democrat presidential candidate Hillary Clinton has accused President Donald Trump of using psychological “projection” of his own behavior onto other people.READ MORE

Judge Blocks Kari Lake from Examining Ballot Envelopes A Maricopa County judge has just rejected Kari Lake’s request to examine ballot envelopes from Arizona’s 2022 gubernatorial election, according to reports.READ MORE

Trump Judge Strikes Down Federal Ban on Handgun Purchases by Young Adults: ‘Unconstitutional’A President Donald Trump-appointed federal judge has struck down a ban on handgun purchases by American adults under the age of 21.READ MORE

Six House Democrats Join Republicans to Block Use of Public Lands for Migrant Camps Six House Democrats have crossed the aisle and joined Republicans to pass a bill blocking federal lands from being used for migrant camps.READ MORE

Democrat-led City to Hand Out ‘Guaranteed Incomes’ to Transgenders, Illegal Immigrants Democrat-controlled San Francisco is planning to hand out socialist “guaranteed incomes” to transgenders and illegal immigrants living in the California city.READ MORE

EVOL NEWS

NEWS ADDICT

LATEST REPORTS FOR NEWS JUNKIES

COP28 Host Exposes ‘Climate Crisis’ Hoax: ‘No Science’The host of the COP28 green agenda summit in the United Arab Emirates (UAE) has gone rogue and warned that there’s “no science out there” to support the “climate crisis” narrative.READ THE FULL REPORT

New Zealand Whistleblower Arrested for Exposing Soaring Deaths Among Vaxxed Authorities have arrested a New Zealand government whistleblower for going public with explosive data that exposes staggering death rates among the nation’s COVID-19-vaccinated citizens.READ THE FULL REPORT

Ex-Capitol Police Officer Releases Never-Before-Heard Police Audio of Jan. 6 Ex-Capitol Police Officer, as recently promised, has released the first tranche of twelve hours of J6 police scanner audio as Capitol Police discussed mobilizing to address the threat of extremists who have laid siege to the Congress during the 2020 election certification. Or, not mobilizing, as former Capitol Police Lieutenant Tarik Johnson’s audio appears to show. “Here we go… Episode …READ THE FULL REPORT

BREAKING: Pentagon Reports US Warship & Multiple Commercial Ships Under Attack in Red Sea According to the Pentagon, an American destroyer and several commercial ships were attacked in the Red Sea on Sunday, perhaps signaling a dramatic escalation in a series of maritime strikes in the Middle East connected to the Israel-Hamas conflict. “We’re aware of reports regarding attacks on the USS Carney and commercial vessels in the Red Sea and will provide information …READ THE FULL REPORT

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

If The Fed Cuts It Will Repeat The “Cut-First” Errors Of The 2010s, 2000s, 1990s, 1980s, And The “Ignore Inflation” Error Of The 1970s

TUESDAY, DEC 05, 2023 – 10:20 AM

By Michael Every of Rabobank

Two Ronnies in a Packed Programme Tonight

The market is having second thoughts. Wisely so, as there are many ways to interpret what we see and hear. In a classic Two Ronnies sketch, “fork handles” is heard as “four candles”. In the same way, markets are hearing “rate cuts” as the Fed says “rates up”. Market cheerleaders need to understand the difference between disinflation (i.e., your rent went up 20% last year, and is going up 5% this year) and deflation (i.e., your rent goes down 10%). The latter is the prerequisite for the imminent slashing of rates we are now seeing priced in.

In reality the US labor market remains tight, as Friday’s payrolls are likely to show, and a court just ruled gig food-delivery jobs must pay a minimum of $17.96 an hour. US construction spending is holding up, and most households aren’t experiencing the pain of higher mortgage rates without moving – so they aren’t. While the market focuses on the ISM, Freight Alley notes: “when you see a development in both container and trucking datasets, it suggests that something macro is happening. That is what I am seeing in container and trucking. YoY volume comps in both datasets both inflected in recent months, suggesting that inventories have burned off and the goods economy recovery may be on the way.” All this is as US core sticky inflation ticks up on a 3-month annualised rate; the NFIB small businesses’ ‘plans to raise prices’ are heading up; Michigan consumer inflation expectations have spiked; and we just experienced the largest easing in financial conditions in decades, seeing speculation roar back.

Yes, look at four candles on charts: but handle needing to stick a fork in this bond rally, because it’s overdone.

To think otherwise is to believe the Fed is willing to repeat the ‘cut-first’ errors of the 2010s, 2000s, 1990s, and the 1980s, and the ‘ignore inflation’ error of the 1970s. Maybe that is the trend to follow; but it would make Powell quite the Mastermind, another classic Two Ronnies sketch, in which the contestant answers the question before last each time.

MAGNUS: And so to our final contender. Your name, please?

SMITHERS: Good evening.

MAGNUS: Thank you. In the first heat your chosen subject was Answering Questions Before They Were Asked. This time you have chosen to Answer the Question Before Last each time. Is that correct?

SMITHERS: Charlie Smithers.

MAGNUS: And your time starts now. What is palaeontology?

SMITHERS: Yes, absolutely correct.

MAGNUS: Correct. What is the name of the directory that lists members of the peerage?

SMITHERS: A study of old fossils.

MAGNUS: Correct. Who are David Owen and Sir Geoffrey Howe?

SMITHERS: Burke’s.

Are the Fed really going to be fossilized berks in trying to fight the ‘deflationary crisis’ before last when we now face structural, geopolitical inflation?

Yes, oil continues to fall despite promised OPEC+ cuts, protestations that the Saudis can’t afford their linear city, year-round ski resort, and new footballers, and the US DOE wanting to buy “as much oil as it possibly can” for the SPR. Yet the oil-price is the Fed winning the battle of the dollar vs. commodities via higher rates. There is no geopolitical/geoeconomic room for it to slash rates: and that geopolitical backdrop is easy to interpret, and isn’t funny, even if it sounds like a Two Ronnies newsreader skit in the recent headline: ‘Miss Universe winner claimed to be at centre of alleged plot to overthrow Nicaraguan government’.

North America:

The US is admitting it can’t match military production with rival ‘arsenals of autocracy’. Markets still don’t grasp the enormity of what a failing US hegemon means.
A former US ambassador and National Security Council official has been charged with secretly acting as an agent of the Cuban government. One wonders how many more will follow.

Europe:

The US says money for Ukraine runs out at the end of the year, and the EU might leave Ukraine without any support as soon as next week. So much for the West’s ‘whatever it takes’ to save the liberal world order? The ramifications are enormous, if so.
The Polish security chief says NATO’s eastern states have three years to prepare for a Russia attack: others say five to ten. Nobody says we should slash military spending.

Middle East:

A COP28 headed by a massive fossil fuel producer is –shockingly– in favour of massive fossil fuel production, suggesting a deeper split between the West and the Middle East.
Israel is moving against Hamas in south Gaza. Although Hezbollah has so far restrained itself, tensions are high, and Israeli Defence Minister Gallant was allegedly blocked from attacking it first given his view that fighting a two-front war should begin with the more dangerous enemy. It still seems unlikely Jerusalem –which has strategically shifted to assuming its enemies will act, rather than seeing their forces as just a deterrent– will be held back vs. Hezbollah or Iran in the long term by US concerns over regional escalation. Indeed, Israel killed two Iran Revolutionary Guards Council generals in Syria in a recent airstrike, for which Iran has vowed revenge.
There might have been insider trading of the 10/7 Hamas attack on Israel, which raises some awkward questions of who knew what and when.
Iran-backed Houthis have attacked more commercial shipping and the US Navy around the Bab-el-Mandeb, the Red Sea chokepoint one cannot avoid when using the Suez Canal.
Turkey has warned Israel not to assassinate Hamas leaders based there, perhaps prompting some to ask why Hamas leaders are openly present in a NATO member.

Latin America:

Venezuela held a referendum on annexing Essequibo, a huge oil-rich swathe of neighbouring Guyana, with a 97.5% positive vote (the other 2.5% go “right to jail”). Venezuela is not in a position to do much about it now: but should its economy recover, it would be, and again the world is seeing countries move lines on maps to control key commodities.
Hal Brands argues the US must revive the 200-year old Monroe Doctrine to ensure its security.

Asia:

China ripped US Commerce Secretary Raimondo for calling it an “enemy”: but what does China say domestically about the US and the outlook for liberal democracy and capitalism?
Australia has signed a visiting forces agreement with France. From AUKUS to FAUKUS?

In short, if you think that’s all deflationary then you haven’t read history. Or you watch ‘news’ like this.

It’s goodnight from me. And it’s goodnight from him.

END

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

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

VENEZUELA

END

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

EURO VS USA DOLLAR: 1.0814 DOWN 0.0023

USA/ YEN 147.06 DOWN .247 NOW TARGETS INTEREST RATE AT 1.00% AS IT WILL BUY UNLIMITED BONDS TO GETS TO THAT LEVEL…//YEN STILL FALLS//

GBP/USA 1.2621 DOWN .0012

USA/CAN DOLLAR: 1.3581 UP 42 (CDN DOLLAR DOWN 42 BASIS PTS)

Last night Shanghai COMPOSITE CLOSED DOWN 50.42 PTS OR 1.67%

Hang Seng CLOSED DOWN 318.19 PTS OR 1.91%

AUSTRALIA CLOSED DOWN .90% // EUROPEAN BOURSE: MOSTLY GREEN

Trading from Europe and ASIA

I) EUROPEAN BOURSES: MOSTLY GREEN

2/ CHINESE BOURSES / :Hang SENG DOWN 318.19 PTS OR 1,91%

/SHANGHAI CLOSED DOWN 50.42 PTS OR 1.67%

AUSTRALIA BOURSE CLOSED DOWN .90%

(Nikkei (Japan) CLOSED DOWN 455.45 PTS OR 1.37%

INDIA’S SENSEX IN THE GREEN

Gold very early morning trading: 2025.85

silver:$24.33

USA dollar index early TUESDAY morning: 103.73 UP 8 BASIS POINTS FROM MONDAY’s CLOSE.

TUESDAY MORNING NUMBERS ENDS

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

And now your closing TUESDAY NUMBERS 11: 30 AM

Portuguese 10 year bond yield: 2.895% DOWN 11 in basis point(s) yield

JAPANESE BOND YIELD: +0.658% DOWN 3 AND 8//100 BASIS POINTS /JAPAN losing control of its yield curve/

SPANISH 10 YR BOND YIELD: 3.265 DOWN 9 in basis points yield

ITALIAN 10 YR BOND YIELD 3.984 DOWN 12 points in basis points yield ./ THE ECB IS QE’ ING ITALIAN BONDS (BUYING ITALIAN BONDS/SELLING GERMAN BUNDS)

GERMAN 10 YR BOND YIELD: 2.2390 DOWN 9 BASIS PTS

END

IMPORTANT CURRENCY CLOSES FOR TUESDAY

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

Euro/USA 1.0808 DOWN 0.0029 or 29 basis points

USA/Japan: 147.16 DOWN 0.160 OR YEN UP 16 basis points/

Great Britain/USA 1.2609 DOWN 0.0024 OR 24 BASIS POINTS //

Canadian dollar DOWN .0021 OR 21 BASIS pts to 1.3561

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The USA/Yuan, CNY: closed ON SHORE CLOSED (DOWN) …7.1441

THE USA/YUAN OFFSHORE: (YUAN CLOSED (DOWN)…. (7.1631)

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

the 10 yr Japanese bond yield at +0.658…VERY DANGEROUS

Your closing 10 yr US bond yield DOWN 12 in basis points from MONDAY at 4.169% //trading well ABOVE the resistance level of 2.27-2.32%) very problematic

USA 30 yr bond yield 4.311 DOWN 13 in basis points ON THE DAY/12.00 PM

USA 2 YR BOND YIELD: 4.600 DOWN 5 BASIS PTS.

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

London: CLOSED DOWN 23.12 POINTS or 0.31%

German Dax : CLOSED UP 128.35 PTS OR 0.78%

Paris CAC CLOSED UP 54.40 PTS OR 0.74%

Spain IBEX UP 60.10 PTS OR 0.59%

Italian MIB: CLOSED UP 168.79 PTS OR 0.56%

WTI Oil price 73.41 12: EST

Brent Oil: 78.41 12:00 EST

USA /RUSSIAN ROUBLE /// AT: 92.28; ROUBLE DOWN 1 AND 34//100

GERMAN 10 YR BOND YIELD; +2.2390 DOWN 11 BASIS PTS

UK 10 YR YIELD: 4.054 DOWN 15 BASIS PTS

CLOSING NUMBERS: 4 PM

Euro vs USA: 1.0795 DOWN 0.0042 OR 42 BASIS POINTS

British Pound: 1.2595 DOWN .0039 or 39 basis pts

BRITISH 10 YR GILT BOND YIELD: 4.070% DOWN 17 BASIS PTS//

JAPAN 10 YR YIELD: 0.660%

USA dollar vs Japanese Yen: 147.19 DOWN .114 //YEN UP 12 BASIS PTS//

USA dollar vs Canadian dollar: 1.3592 UP 0.0053 CDN dollar DOWN 53 basis pts)

West Texas intermediate oil: 72.37

Brent OIL: 77,21

USA 10 yr bond yield DOWN 11 BASIS pts to 4.176%

USA 30 yr bond yield DOWN 13 BASIS PTS to 4.303%

USA 2 YR BOND: DOWN 8 PTS AT 4.583 %

USA dollar index: 103.92 UP 27 BASIS POINTS

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

USA DOLLAR VS RUSSIA//// ROUBLE: 92.28 DOWN 1 AND 34/100 roubles

GOLD 2019.50 3:30 PM

SILVER: 24.15 3:30 PM

DOW JONES INDUSTRIAL AVERAGE: DOWN 74.55 PTS OR 0.22%

NASDAQ UP 38.04 PTS OR 0.24%

VOLATILITY INDEX: 12.91 DOWN .17 PTS (1.30)%

GLD: $187.15 DOWN 0.71 OR 0.35%

SLV/ $22.12 DOWN .34 OR 1.51%

end

USA AFFAIRS

USA TRADING IN GRAPH FORM

Lousy Labor Data Sends Yields Lower; Bitcoin, Big-Tech, & The Buck Soar

TUESDAY, DEC 05, 2023 – 04:00 PM

The post-November-FOMC plunge in US macro data continued today with bloodbathery hitting the labor market (JOLTs tumbled) but ISM Services beat providing another glimpse at ‘Goldilocks’ (especially with prices paid moderating too)…

Source: Bloomberg

The ‘bad’ news in JOLTs sparked a bid in bonds with the long-end outperforming (30Y -10bps, 2Y -5bps). The 10Y and 30Y yield is now below Friday’s lows while the 2Y yield remains above Friday’s lows…

Source: Bloomberg

…which flattened (further inverted) the yield curve (2s30s)…

Source: Bloomberg

Financial Conditions continue to loosen more and more dramatically – prompting some to fear this will force The Fed to act more hawkishly to reassert any sense of restrictive policy here…

Source: Bloomberg

And lower yields are ‘good’ news for long-duration stocks as after four straight down days, the ‘Magnificent 7’ stocks surged higher today…

Source: Bloomberg

That rally managed to pull Nasdaq green on the day and leave S&P unchanged. Small Caps were the biggest loser, down over 1% after 4 straight days higher…

Apple’s market cap topped $3 trillion once again (the first time in four months)…

Source: Bloomberg

Bitcoin surged above $44,000 today – its sixth straight day higher…

Source: Bloomberg

…retracing half of the decline from the Nov 2021 to Nov 2022…

Source: Bloomberg

What happens next? Nobody knows but it looks a lot like 2020 for now…

Source: Bloomberg

Notably, while ETH also rallied (topping $2300), it notably underperformed BTC as the SEC delayed its decision on the Ethereum Spot ETF…

Source: Bloomberg

The dollar rallied for the second day in a row to two-week highs…

Source: Bloomberg

Gold (spot) leaked lower again after yesterday’s record high spike back to around one-week lows..

Source: Bloomberg

Oil prices slipped lower again, back to mid-Nov lows with WTI hovering above $72 ahead of tonight’s API inventory data…

Source: Bloomberg

Finally, ‘Cyclical’ stocks have completely decoupled from the macro environment and oil market (with the latter agreeing on growth fears while for former have no fears at all)…

Source: Bloomberg

We bring this up because Goldman’s Bobby Molavi noted: “Another dynamic that worries me is the dislocations between leading indicators and market weighing machine.”

Corporates are increasingly pointing to softer consumer data and a weakening environment. We’re seeing that in a broad based manor through earnings (eg Mitchells and butler) but markets, at least at headline level, are shrugging this off. It sort of highlights the reality that the market is less of a pricing vehicle for the economy than it once was…as banks, industrials, oils, miners shrink as a share of the global markets in relation to tech, healthcare and luxury…

…we move towards a index’s that may be driven by fewer stocks (obvious statement i know given magnificent 7) but also perhaps less cyclical and less of leading indicator of the state of the economy.

Especially when all that matters is ‘liquidity’…

Source: Bloomberg

Is this trend set to continue? Is this why gold and crypto is flying once again?

EARLY MORNING TRADING//

TUCKER CARLSON

II USA DATA

USA service sector data plummets. Service is 70% of GDP

(zerohedge)

US Services Sector Surveys Shrug Off ‘Hard’ Data Hemorrhaging In November

TUESDAY, DEC 05, 2023 – 10:05 AM

Following weakness in the Manufacturing survey data, Services surveys were expected rebound in November, despite the plunge in ‘hard’ data seen in November.

S&P Global’s Services PMI ticked up in November to 50.8 from 50.6 in October (flat from the flash print)

ISM’s Services PMI beat expectations, rising from 51.8 to 52.7 (vs 52.3 exp) in November.

Is that good enough to keep the dream alive for 125bps of rate-cuts next year?

Under the hood, Employment rose less than expected; New Orders were flat ; and Prices Paid declined…

Source: Bloomberg

“Fifteen industries reported growth in November,” noted Anthony Nieves, Chair of the ISM Services Survey Committee.

“The Services PMI, by being above 50 percent for the 11th month after a single month of contraction and a prior 30-month period of expansion, continues to indicate sustained growth for the sector, and at a slightly faster rate in November.”

Manufacturing continues to contract according to both surveys while Services expand…

Chris Williamson, Chief Business Economist at S&P Global Market Intelligence, said:

“The latest PMI data point to a further cooling of inflation pressures, but the surveys also signal only modest economic growth and near-stagnant employment, with the risk of the expansion losing further momentum as we head towards 2024.

“While service sector businesses continued to report further output gains in November, growth remains considerably weaker than seen earlier in the year, and forward-looking indicators point to growth slowing in the months ahead.

“Firms providing both goods and services have become increasingly concerned about excessive staffing levels in the face of weakened demand, resulting in the smallest overall jobs gain recorded by the survey since the early pandemic lockdowns of 2020.

But there is some good news:

“The cooling jobs market has been accompanied by lower wage growth which, combined with recent oil price falls, helped pull business cost growth down to its lowest for three years, dropping in November to a level indicative of inflation approaching The Fed’s 2% target in the coming months.”

Is that good enough to keep the dream alive for 125bps of rate-cuts next year?

END

Huge story

labour market totally implodes: job openings crater and prior data as usual revised sharply lower

(zerohedge)

Labor Market Implodes: Job Openings Crater, Prior Data Revised Sharply Lower

TUESDAY, DEC 05, 2023 – 10:34 AM

For months we have been warning that at a time when the US economy is careening into a hard landing recession, the manipulated, seasonally-adjusted, and politically goalseeked job openings data released as part of the DOL’s JOLTS report is sheer rubbish (see “US Job Openings Far Lower Than Reported By Department Of Labor“; “Handle The JOLTS Data With Care“, “Just Make it Up: Job Openings Unexpectedly Soar As Labor Department Now Guessing What The Number Is“). Today, the BLS finally got the memo.

With consensus expecting only a modest drop from the reported September 9.553 million job openings, what the BLS reported moments ago instead was a stunning collapse of 617K job openings to just 8.733 million, the lowest since March 2021…

and was a 6-sigma miss to the consensus estimate of 9.3 million.

It gets better: the actual drop would be far worse if instead of the sharply downward revised print, the BLS had actually reported a correct number for once. Indeed, if we used the original September print of 9.553 million, the monthly plunge would have been over 800K, which would have been the 4th biggest monthly drop on record.

And speaking of downward revisions to “strong” data, something the goalseekers in the Biden administration have become extremely adept at, the September downward revision to the openings print means that the in addition to revising almost all jobs reports lower, the BLS has also revised 4 of the past 5 job openings prints lower. If one incorporates all the adjustments, the latest revisions mean that the number of job openings was 848K lower in the past 5 months, suggesting that the Fed was still hiking this summer on fake, manipulated “strong” data.

According to the BLS, the largest decrease in job openings was in health care and social assistance (-236,000), finance and insurance (-168,000), and real estate and rental and leasing (-49,000). Job openings increased in information (+39,000).

The plunge in the number of job openings meant that in October, the number of job openings was just 2227. million more than the number of unemployed workers, the lowest since July 2021.

Said otherwise, in October the number of job openings to unemployed dropped to just 1.34, the lowest level since August 2021 and almost back to pre-covid levels of 1.3… and a far cry from the record 2.0 hit in early 2022.

As the number of job openings cratered to the lowest in more than two years, the number of people quitting their jobs – an indicator traditionally closely associated with labor market strength as it shows workers are confident they can find a better wage elsewhere – also dropped, if more modestly, by 18K to 3.628MM, the second lowest since March 2021.

And just in case some still believe the “Bidenomics” strong jobs lie, the number of hires also dropped in October, sliding by 20K to 5.886 million.

So what to make of this ugly data which as not only UBS, but also the NFIB…

… Opportunity Insights…

… and even Goldman …

… have been warning is long overdue?

The answer is simple: while the drop was substantial, the real number of job openings remains still far lower since half of it – or some 70% to be specific – is guesswork. As the BLS itself admits, while the response rate to most of its various labor (and other) surveys has collapsed in recent years, nothing is as bad as the JOLTS report where the actual response rate has tumbled to a record low 32%

In other words, more than two thirds, or 70% of the final number of job openings, is estimated!

And at a time when it is critical for Biden to still maintain the illusion that at least the labor market remains strong when everything else in Biden’s economy is crashing and burning, we’ll let readers decide if the admin’s Labor Department is plugging the estimate gap with numbers that are stronger or weaker.

As for the Fed, now that the labor market has officially cracked – because a sub 9mm print means that the rate hikes are really taking their toll on the economy – no surprise that odds of a March rate cut jumped from 72% to 82% after the huge JOLTS miss…

… and no surprise that stonks, which had traded near session lows before the report, are suddenly surging again as we are now officially back into “bad news is great news” for the market mode, since the end of Biden’s fiscal stimmy means that only the Fed is available to kickstart the economy when it officially slides into a recession next.

IIIB USA COMMENTARIES RE ISRAEL/HAMAS WAR/ANTISEMITISM

END

FREIGHT ISSUES/USA

END

VICTOR DAVIS HANSON

end

USA// COVID//VACCINE/

end

SWAMP STORIES

Crook!

Hunter Biden Sent ‘Direct Monthly Payments’ To Joe Via Account Paid From ‘China And Other Shady Corners Of The World’

TUESDAY, DEC 05, 2023 – 05:44 AM

Hunter Biden sent monthly payments to his father out of a bank account he used to receive money from Chinese business associates, according to newly released bank records revealed by House Oversight Committee Chairman James Comer, who shared a Monday video on X detailing redacted bank transfers to Joe Biden from Hunter’s Owasco P.C. bank account.

“Today, the House Oversight Committee is releasing subpoenaed bank records that show Hunter Biden’s business entity, Owasco PC, made direct monthly payments to Joe Biden. This wasn’t a payment from Hunter Biden’s personal account but an account for his corporation that received payments from China and other shady corners of the world,” Comer says in the video, adding that the payments began in September 2018 – six months before Biden announced his candidacy in the 2020 election.

“Payments from Hunter’s business entity to Joe Biden are now part of a pattern revealing Joe Biden knew about, participated in and benefited from his family’s influence peddling schemes.”

“Payments to Joe Biden from Hunter’s Owasco PC corporate account are part of a pattern revealing Joe Biden knew about, participated in, and benefited from his family’s influence peddling schemes. As the Bidens received millions from foreign nationals and companies in China, Russia, Ukraine, Romania, and Kazakhstan, Joe Biden dined with his family’s foreign associates, spoke to them by speakerphone, had coffee, attended meetings, and ultimately received payments that were funded by his family’s business dealings,” reads an accompanying release from the Oversight Committee.

See the records below via the Daily Caller;

Hunter and his uncle James’ personal business records were subpoenaed by Comer in September following the first impeachment hearing for President Biden.

He released bank records Nov. 1 showing how funds originating in China resulted in a $40,000 check to Joe Biden in September 2017.

A Chinese firm sent $5 million to Hunter Biden’s firm Hudson West III in August 2017, shortly after he established the business entity with a Chinese business associate. Hunter Biden proceeded to wire $400,000 to his Owasco P.C. account and over $130,000 to another one of his corporate accounts, according to the bank records.

Next, Hunter Biden provided $150,000 to the Lion Hall Group, James Biden and his wife Sara Biden’s business account. James Biden and Sara Biden put $50,000 into their personal account and then sent a $40,000 check to Joe Biden, the bank records show. -Daily Caller

And of course the big (rhetorical) question – what services were Hunter and pals providing for such exorbitant sums?

Hunter and James will appear later this month for closed-door depositions.

END

Speaker Johnson Tells White House No Ukraine Funds Without Beefed Up Border

TUESDAY, DEC 05, 2023 – 01:45 PM

Hoping to avoid the mistakes of Kevin ‘uniparty’ McCarthy, House Speaker Mike Johnson (R-LA) responded to the latest White House request for Ukraine funds by telling the Biden admin that any additional funds would be “dependent” on the actual enactment – not just promises, or stricter security measures at the southern US border.

“I reiterate that President Biden must satisfy Congressional oversight inquiries about the Administration’s failure thus far to present clearly defined objectives, and its failure to provide essential weapons on a timely basis,” Johnson wrote in a Tuesday letter to Office of Management and Budget Director Shalanda Young, which demands “transformative change” to the country’s border security, the Washington Examiner reports.

“American taxpayers deserve a full accounting of how prior U.S. military and humanitarian aid has been spent, and an explanation of the president’s strategy to ensure an accelerated path to victory. In light of the current state of the U.S. economy and the massive amount of our national debt, it is our duty in Congress to demand answers to these reasonable questions, and we still await the answers.”

https://www.scribd.com/embeds/689978087/content?start_page=1&view_mode=scroll&access_key=key-CByTvRg5kPgretMo3v5C

On Monday, Young sent a letter to lawmakers urging them to send more US taxpayer funds to Ukraine – warning that if they fail to do so, the war-torn country would run out of money; $106 billion as of a request submitted in October, which included $61.4 billion in new Ukraine aid. That same request also sought money for Israel, and an unclear level of support for border security.

Johnson pushed back on funding for Israel, pointing to the House’s passage of the Israel Security Supplemental Appropriations Act from Nov. 2, which allocates $14.3 billion in emergency funding along with cuts to the IRS.

The Senate has not yet taken up the bill for consideration, favoring linking the Israel and Ukraine aid together.

“Senate Democrats, however, have refused to consider the measure,” Johnson wrote. “In fact, when given the chance to debate H.R. 6126, all 51 Senate Democrats voted to block consideration of the bill.”

The letter implores the president to take action on the southern border, citing record illegal immigration and an increase of illicit drugs that have been smuggled over the border during the Biden administration. -Washington Examiner

“The open U.S. border is an unconscionable and unsustainable catastrophe, and we have a moral responsibility to insist this madness stops immediately. Rather than engaging with Congressional Republicans to discuss logical reforms, the Biden Administration has ignored realty, choosing instead to engage in political posturing,” Johnson wrote in his letter, adding “We stand ready and willing to work with the Administration on a robust border security package that protects the interests of the American people.”

END

THE KING REPORT

he King Report December 5, 2023 Issue 7032

Independent View of the News

PBOC Chief Pledges to Keep Growth of Money Supply in Check Pan Gongsheng reaffirms prudent policy in People’s DailyComments seen as reflecting a focus on quality of credit  The language indicates “the PBOC will unlikely let loose the floodgate of credit, and it will instead optimize the quality and structure of credit,” said Bruce Pang, chief economist for greater China at Jones Lang LaSalle Inc. The central bank may utilize more structural policy tools to guide funds into targeted areas, he added… https://hk.finance.yahoo.com/news/pboc-chief-pledges-keep-growth-032539437.html

The CSI 300 declined 0.65%, a 5-year low, on the above story, which hit Bloomberg at 22:25 ET on Sunday. Gold had already declined $54 from its all-time high of 2135.39 at 18:51 ET Sunday.

The FT: Chinese borrowers default in record numbers as economic crisis deepens – More than 8mn (8.54mm) people are blacklisted by authorities after missed payments on mortgages and business loans
https://www.ft.com/content/f144f763-873c-4b4d-99e7-5e71ae07316d

ESZs traded high when the Nikkei opened but immediately reversed into a steady decline that hit a bottom of 4585.25 at 3:09 ET. Conditioned European traders bought the opening dip. ESZs jumped to 4594.50 at 3:47 ET. After a retreat that took ESZs near the daily low, ESZs traded sideways until they broke lower near the 7 ET US repo market opening.

A modest bounce from the new daily low of 4581.50 at 7:10 ET took ESZs to 4588.50 at 7:56 ET. After a slow roll over, ESZs broke lower at 8:23 ET.

Everything was for sale during European trading and early US trading. Bonds declined smartly; commodities declined sharply. The moderate decline in stocks became more intense after ESZs broke down at 8:23 ET. A combination of gold soaring during early Asian trading, the hawkish PBoC chief’s remark, and fatigue from the historic November rally for stocks and bonds induced selling.

ESZs hit a new daily low of 4563.00 at 9:25 ET. Of course, conditioned traders aggressively bought the opening NYSE decline. ESZs soared to 4574.75 at 9:35 ET; traders frantically got long for the expected Monday Rally. Alas, there were big sellers in the market; ESZs sank to 4553.50 at 10:54 ET.

But irrationally exuberant traders are not easily deterred. The usual suspects pushed ESZs to 4577.75 at 12:57 ET. After a retreat to 4565.00 at 14:07 ET, ESZs trudged upward until the late manipulation appeared at 15:45 ET. The rally terminated by 15:50 ET. ESZs fell from 4579.50 to 4573 at the close.

US October Factory Orders sank 3.6% m/m; -3.0% was consensus. Ex-Trans Orders declined 1.2%. As usual, Obama-Biden regime bureaucrats revised September Factory Orders lower, to 2.3% from 2.8%. Factory Orders Ex-Trans was revised to 0.4% from 0.8%. Oct Durable Goods Orders sank 5.4%.

Positive aspects of previous session
Stocks rallied after an early US stock decline
The dollar rebounded sharply as precious metals sank
The DJTA rallied 61.49 while all other major US equity indices posted declines

Negative aspects of previous session
Fangs got eviscerated, led by Nvidia, Netflix, and Google
The afternoon equity rally and late manipulation had extremely low energy
USHs declined as much as 28/32 and were -14/32 at the NYSE close

Ambiguous aspects of previous session
Are equity and bond bulls running out of ammo and shorts to squeeze?
Was there a gold intervention during early Asian trading?

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]: 4562.96
Previous session S&P 500 Index High/Low: 4572.37; 4546.72

Ex-U.S. ambassador accused of being Cuba’s ‘clandestine agent’ since 1981
The Justice Department unsealed charges Monday against a retired ambassador, accusing him of being a “clandestine agent” for decades — allegedly betraying his country by acting covertly on behalf of Cuba’s spy agency… Attorney General Merrick Garland issued a statement calling the Rocha case “one of the highest-reaching and longest-lasting infiltrations of the United States government by a foreign agent.”
https://www.msn.com/en-us/news/other/ex-u-s-ambassador-accused-of-being-cuba-s-clandestine-agent-since-1981/ar-AA1kZoWU

DeSantis board accuses Disney of controlling previous one with gifts
“For years, the company treated district employees like Disney employees by, for instance, providing complimentary annual passes and steep discounts — benefits and perks that were akin to bribes,” said the 80-page report, which the new board was required to prepare for DeSantis and the Florida legislature within one year of its creation. “Not surprisingly then, the district’s employees believed that it was in their job to prioritize the interests of Disney.“…
https://www.reuters.com/world/us/desantis-board-accuses-disney-controlling-previous-one-with-gifts-2023-12-04/

China Rips US for ‘Enemy’ Stance after Raimondo Remarks – BBG
China criticized the US for seeing it as a threat after Commerce Secretary Gina Raimondo defended efforts to deprive the Asian nation of cutting-edge semiconductors, underscoring the fragility of recently stabilized ties.  “The US should stick to the right perception and work with China to deliver on the common understandings reached in the San Francisco meeting,” Chinese Foreign Ministry spokesman Wang Wenbin said… https://finance.yahoo.com/news/china-rips-us-enemy-stance-233825825.html

House Oversight Committee: Comer Releases Direct Monthly Payments to Joe Biden from Hunter Biden’s Business Entity – Owasco PC, made direct monthly payments to Joe Biden…
    Joe Biden knew about, participated in, and benefited from his family’s influence peddling schemes. As the Bidens received millions from foreign nationals and companies in China, Russia, Ukraine, Romania, and Kazakhstan, Joe Biden dined with his family’s foreign associates, spoke to them by speakerphone, had coffee, attended meetings, and ultimately received payments that were funded by his family’s business dealings… (If there is solid evidence of this, Biden should be impeached and convicted.)
https://oversight.house.gov/release/comer-releases-direct-monthly-payments-to-joe-biden-from-hunter-bidens-business-entity%EF%BF%BC/

Today – When Mondays are soft, traders enthusiastically play for a Turnaround Tuesday to the upside.
A key consideration for traders will be how much the afternoon buying on Monday was preparation for a Tuesday rebound. The lethargic afternoon rally and failed late manipulation are negatives for stocks.

ESZs are -8.50; USHs are +14/32 and Feb AU is +13.20 at 20:15 ET.

Expected economic data: Nov S&P Global US Services PMI 50.8; Nov ISM Services Index 52.3; Oct JOLTS Job Openings 9.3m

S&P 500 Index 50-day MA: 4360; 100-day MA: 4420; 150-day MA: 4370; 200-day MA: 4286
DJIA 50-day MA: 34,008; 100-day MA: 34,433; 150-day MA: 34,181; 200-day MA: 33,902
(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 3919.56 triggers a sell signal
Weekly: Trender and MACD are positive – a close below 4281.91 triggers a sell signal
Daily: Trender and MACD are positive – a close below 4483.21 triggers a sell signal
Hourly: Trender and MACD are negative – a close above 4600.23 triggers a buy signal

Gold bars featured in (Dem Sen.) Bob Menendez bribery case linked to 2013 robbery, records show
The New Jersey businessman told police he was the victim of an armed robbery in 2013, and asked police recover the 22 gold bars stolen from him. Four of those gold bars were found a decade later in the Clifton home of Menendez and his wife Nadine during an FBI search
https://www.nbcnewyork.com/investigations/gold-bars-featured-in-bob-menendez-bribe-case-linked-to-2013-robbery-records-show/4919801/

Politico: US officials frustrated by Biden administration’s response to attacks in Red Sea
An hours-long firefight involving U.S. commercial vessels in the Red Sea this weekend has left some U.S. officials frustrated by what they see as the Biden administration’s deliberate downplaying of a major threat to American forces. A U.S. Navy warship scrambled to respond to multiple distress calls on Sunday, as Houthi rebels in Yemen launched missiles and drones against three separate commercial vessels. The USS Carney fired back, taking down three unmanned aerial systems.
    Defense Department spokespeople and top administration officials, including national security adviser Jake Sullivan, have said the U.S. “cannot assess” that the Carney was the target of the attacks. Similarly, after previous Houthi drone and missile attacks on commercial shipping in past weeks, the Pentagon said officials did not believe the Houthis were aiming for the U.S. warships…
https://www.politico.com/news/2023/12/04/biden-response-red-sea-attacks-00130018

Israel’s UN ambassador slams Soros for donations to ‘pro-Hamas groups’ seeking destruction of Jewish state – Report claims Soros organization has given millions to US groups who allegedly support terror group  https://www.foxnews.com/world/israels-un-ambassador-slams-soros-donations-pro-hamas-groups-seeking-destruction-jewish-state

Virginia Jewish group slams art festival for disallowing Hanukkah celebration: ‘Shocked and alarmed’ https://trib.al/fiLrdHh

@AFP: The US State Department said Monday that a deal to extend the pause in the Gaza war broke down in part because Hamas militants did not want Israeli women hostages to reveal what happened to them. https://u.afp.com/5iG8

White House refuses to condemn progressive lawmaker over comments on Hamas’ use of rape
Rep. Pramila Jayapal, D-Wash., who chairs the Congressional Progressive Caucus, said “we have to be balanced about bringing in the outrages against Palestinian” when asked specifically about mass rape committed by Palestinian militants, during an interview Sunday with CNN…
https://www.foxnews.com/politics/white-house-refuses-condemn-progressive-lawmaker-comments-hamas-use-rape

Israeli Woman Official: I Asked Michelle Obama to Condemn Hamas For Rape, Murder Of Women, And Got Silence – Obama reportedly warned Israelis and their sympathizers not to “harden their hearts” after murders and rapes.
https://www.dailywire.com/news/israeli-woman-official-i-asked-michelle-obama-to-condemn-hamas-for-rape-murder-of-women-and-got-silence

@TheBabylonBee: Bill Cosby Joins Hamas So Feminists Will Stop Condemning Him for Rape https://buff.ly/3RqwYdY

Philadelphia Macy’s retail theft turns deadly, 2 security guards stabbed
Security guards at Philadelphia Macy’s stabbed after retail theft… The store is right across the city from city hall in center city, Keeley said…
   Police said the guard who died was 30 years old, and the surviving guard is 23. They were hired by Macy’s, and were not armed… (Can you say ‘massive lawsuit?’)
    The store, which has seen high levels of retail theft this year with 250 incidents reported to police, is currently closed… https://www.foxnews.com/us/philadelphia-macys-retail-theft-turns-deadly-2-security-guards-stabbed

Car crashes into Magnificent Mile Neiman Marcus store in burglary attempt (Chicago)
https://abc7chicago.com/chicago-crime-neiman-marcus-crash-magnificent-mile/14139839/

Army Warns Recruiting Efforts Could Take a Hit if Congress Doesn’t Pass Ukraine and Israel Funding – Army Under Secretary Gabe Camarillo said efforts to solve the military recruiting crisis are “absolutely … hamstrung” by funding fights in Congress…

Obama-appointee Camarillo should be fired for politicking and abject lying. But, he has liberal privilege.

The Obama White House: From 2010 to 2012, Mr. Camarillo served as Special Assistant to the Assistant Secretary of the Army for AL&T. Since 2011, Mr. Camarillo has been an Adjunct Professor at Georgetown University’s McCourt School of Public Policy. During the 2008 presidential election, Mr. Camarillo was the Deputy Voter Protection Coordinator in New Mexico for Obama for America…
https://obamawhitehouse.archives.gov/realitycheck/the-press-office/2015/04/07/president-obama-announces-more-key-administration-posts

@NikolovScience: Einstein’s theory of General Relativity explaining gravity as a spacetime curvature is being challenged not by mainstream scientists (who are afraid to challenge anything!), but by the UFO/UAP phenomenon: ET craft use antigravity propulsion suggesting gravity is an EM phenomenon.

GREG HUNTER

SEE YOU WEDNESDAY

Shanghai Gold Benchmark Price

GOLD: NUMBER OF NOTICES FILED FOR DEC/2023. CONTRACT: 540 NOTICES FOR 54,000 OZ or 1.6796 TONNES

total notices so far: 11,973 contracts for 1,197,300 oz (37.303 tonnes)

FOR DEC:

SILVER NOTICES 205 NOTICE(S) FILED FOR 1,015,000 OZ/

total number of notices filed so far this month : 2274 for 11,370,000 oz

Russians bought record number of gold bars in 2022, data shows

Sliding Corn Prices Sends Grain Index To Decade-Low

Stocks, Futures Slide For Second Day As Rally Fizzles Ahead Of Jobs Data Deluge

European equities firmer whilst US Futures are in the red; DXY flat & AUD underperforms post RBA; US JOLTS due – Newsquawk US Market Open

EUROPEAN TRADE

EQUITIES

FX

FIXED INCOME

COMMODITIES

GEOPOLITICS

CRYPTO

APAC TRADE

China’s Debt Binge Spurs Moody’s To Downgrade Credit Outlook

CCP Deploys Cover-Up For Mysterious Pneumonia Outbreak In Children

A Fast Spreading Pathogen

Those Who Cry “Far Right” Have No Idea What’s Happening In Dublin

Israel is preparing to flood the Hamas tunnel network in Gaza – report

Some US officials expressed concern about the plan while others supported the plan.

The environmental impact

Israel Readying Risky Plan To Flood Miles Of Gaza’s ‘Terror Tunnels’ With Sea Water

Airstrikes in Jabalya, IDF has completed another phase of the ground maneuver towards Khan Yunis

Released Israeli hostages ask Red Cross to visit remaining captives

Israeli authorities have said seven civilians and an army colonel died in captivity and that 137 hostages remain in Gaza, their condition not always known.

Growing calls for Red Cross to do more for hostages

Echoes of explosions were heard in the capital Sana’a, the attack was attributed to Israel

Exchange of fire in Jenin, ten arrested on suspicion of terrorist activity in Ramallah and Nablus

Israel-Hamas war live: Israeli military moves deeper into southern Gaza as the UN says ‘nowhere is safe’

IDF penetrates heart of southern Gaza

Although the IDF had achieved this penetration on Sunday, this news was kept classified in order to take the terror group by surprise.

IDF sent large force into Shejaia at the same time as Khan Yunis attack

IDF conducts joint operations in Gaza overnight, takes Hamas stronghold

IDF raids Hamas’s general security HQ in Jabaliya, expands ground op in south Gaza

Soldiers find rockets, weapons, equipment, intel; Air Force hits elite Hamas Nukhba unit in joint operation with paratroopers; Navy strikes terror targets on Gaza coast

Hamas commanders killed by IDF hiding in tunnels

In the attack on the tunnel where the terrorist organization’s commanders were hiding, IDF forces, guided by the Shin Bet and Military intelligence, eliminated the Hamas terrorists.

More terrorists eliminated

COVID-19 Vaccination Cripples Senior Marathon Runner Into Wheelchair;Former CEO Devastated with Motor Neuropathy after 3 Shots; Agrees to Empiric Trial of McCullough Protocol Base Spike Detoxification

This move by McCullough to see the effects of the Spike Detoxification is critical for it will bullet-proof any outstanding questions; see McCullough’s stack below and promotion with TWC

It is key to note that pregnant women, breast feeding women, children, person on blood thinning medications etc. should not use these products unless cleared by their physician.

Airline pilots are in trouble due to the mRNA technology vaccines with incapacitations, deaths; would it take 2 commercial passenger planes dropping from the skies killing all on board for the FAA,

the airline industry, unions etc. to act to safeguard the cockpit? What will it take? How many must died first before action is taken? a recent American Airlines Flight AA755 underscores the urgency

‘Nov.29, 2023 – American Airlines Flight AA755 (CDG-PHL) from Paris to Philadelphia

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

If The Fed Cuts It Will Repeat The “Cut-First” Errors Of The 2010s, 2000s, 1990s, 1980s, And The “Ignore Inflation” Error Of The 1970s

Lousy Labor Data Sends Yields Lower; Bitcoin, Big-Tech, & The Buck Soar

US Services Sector Surveys Shrug Off ‘Hard’ Data Hemorrhaging In November

Labor Market Implodes: Job Openings Crater, Prior Data Revised Sharply Lower

Hunter Biden Sent ‘Direct Monthly Payments’ To Joe Via Account Paid From ‘China And Other Shady Corners Of The World’

Speaker Johnson Tells White House No Ukraine Funds Without Beefed Up Border

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