SHANGHAI GOLD (USD) FUTURES – QUOTES

PREMIUM OF SHANGHAI GOLD OVER COMEX GOLD SPOT: $55.00

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Last Updated 12 Jan 2024 05:15:13 AM CT.

Market data is delayed by at least 10 minutes.

MONTH	LAST	CHANGE	PRIOR SETTLE	OPEN	HIGH	LOW	VOLUME	UPDATED
JAN 2024 SGUF4	–	–	2071.0	–	–	–	0	21:30:01 CT 11 Jan 2024
FEB 2024 SGUG4	2081.7	+0.2 (+0.01%)	2081.5	2081.3	2082.2	2080.7	116	00:56:25 CT 12 Jan 2024
MAR 2024 SGUH4	–	–	2092.0	–	–	–	0	21:30:01 CT 11 Jan 2024
APR 2024 SGUJ4	–	–	2091.9	–	–	–	0	23:59:11 CT 11 Jan 2024
JUN 2024 SGUM4	–	–	2092.5	–	–	–	0	21:30:01 CT 11 Jan 2024
AUG 2024 SGUQ4	–	–	2093.1	–	–	–	0	21:30:01 CT 11 Jan 2024
OCT 2024 SGUV4	–	–	2093.7	–	–	–	0	21:30:01 CT 11 Jan 2024
DEC 2024 SGUZ4	–	–	2094.3	–	–	–	0	21:30:01 CT 11 Jan 2024

About this Report

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 UP 28,05 CDN dollars per oz( * NEW ALL TIME HIGH 2,795.90 CDN DOLLARS PER OZ//DEC 1 272023)

*BRITISH GOLD: 1606.20 UP 17.22 pounds per oz// *(NEW ALL TIME HIGH//CLOSING///1655.17 BRITISH POUNDS/OZ) OCT 2/2023

*EURO GOLD: 1869.56 UP 21.40 euros per oz //* (ALL TIME CLOSING HIGH: 1903.75 EUROS PER OZ//DEC 1.2023)

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EXCHANGE: COMEX

EXCHANGE: COMEX
CONTRACT: JANUARY 2024 COMEX 100 GOLD FUTURES
SETTLEMENT: 2,014.300000000 USD
INTENT DATE: 01/11/2024 DELIVERY DATE: 01/16/2024
FIRM ORG FIRM NAME ISSUED STOPPED

190 H BMO CAPITAL 21
435 H SCOTIA CAPITAL 12
657 C MORGAN STANLEY 14
657 H MORGAN STANLEY 5
661 C JP MORGAN 40
737 C ADVANTAGE 20 2
905 C ADM 36

TOTAL: 75 75
MONTH TO DATE: 3,273

JPMorgan stopped 40/75 contracts.

FOR JAN.:

GOLD: NUMBER OF NOTICES FILED FOR JAN/2023. CONTRACT: 75 NOTICES FOR 7500 OZ or 0.2332 TONNES

total notices so far: 3273 contracts for 327,300 oz (10.1804 tonnes)

FOR JANUARY:

SILVER NOTICES 67 NOTICE(S) FILED FOR 335,000 OZ/

total number of notices filed so far this month : 761 for 3,805,000 oz

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END

BOTH GLD AND SLV ARE FRAUDULENT VEHICLES

GLD

WITH GOLD UP $31.65

INVESTORS SWITCHING TO SPROTT PHYSICAL (PHYS) INSTEAD OF THE FRAUDULENT GLD/ : /HUGE CHANGES AT THE GLD: A HUGE WITHDRAWAL OF 1.15 TONNES OF GOLD FROM THE GLD//

INVENTORY RESTS AT 863.84 TONNES

SLV//

WITH NO SILVER AROUND AND SILVER UP 62 CENTS AT THE SLV//

SMALL CHANGES AT THE SLV// A WITHDRAWAL OF 412,000 OZ FROMTHE SLV//

INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV.

CLOSING INVENTORY: 433.500 MILLION OZ

Let us have a look at the data for today

SILVER//OUTLINE

SILVER COMEX OI ROSE BY A MEGA HUMONGOUS SIZED 2328 CONTRACTS TO 134,088 AND CLOSER TO THE RECORD HIGH OI OF 244,710, SET FEB 25/2020 AND THIS HUMONGOUS SIZED GAIN IN COMEX OI WAS ACCOMPLISHED WITH OUR LOSS OF $0.34 IN SILVER PRICING AT THE COMEX ON THURSDAY. WE HAD ZERO LONG LIQUIDATION BUT WITH CONSIDERABLE T.A.S. LIQUIDATION AT THE COMEX SESSION. WE HAD A HUGE 1711 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 THURSDAY NIGHT: 1711 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 $0.34), BUT WERE UNSUCCESSFUL IN KNOCKING ANY SILVER LONGS AS WE HAD A MEGA GIGANTIC SIZED GAIN OF 4020 OI CONTRACTS ON OUR TWO EXCHANGES.

WE MUST HAVE HAD:

A HUGE SIZED 1509 ISSUANCE OF EXCHANGE FOR PHYSICALS) iiii) AN INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 6.650 MILLION OZ (FIRST DAY NOTICE) FOLLOWED BY TODAY’S 320,000 OZ QUEUE. JUMP NEW TOTALS 6.435 MILLION OZ//

//NEW STANDING FOR SILVER IS THUS 6.435 MILLION OZ

//MEGA GIGANTIC SIZED COMEX OI GAIN/HUGE SIZED EFP ISSUANCE/ VI) HUGE SIZED NUMBER OF T.A.S. CONTRACT ISSUANCE 1711 CONTRACTS)/

I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL -REMOVED 183 CONTRACTS //

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

TOTAL CONTRACTS for 9 days, total 7940 contracts: OR 39.700 MILLION OZ (882 CONTRACTS PER DAY)

TOTAL EFP’S FOR THE MONTH SO FAR: 39.700 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. 66.140 MILLION OZ//

TOTAL 2023: 1,104.10 MILLION OZ/

JAN ’24 : 39.700 MILLION OZ//WILL BE A VERY STRONG MONTH FOR ISSUANCE

RESULT: WE HAD A MEGA GIGANTIC SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 2328 CONTRACTS WITH OUR LOSS IN PRICE OF SILVER PRICING AT THE COMEX//THURSDAY.,. THE CME NOTIFIED US THAT WE HAD A HUGE EFP ISSUANCE CONTRACTS: 1509 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 JAN. OF 6.665 MILLION OZ FOLLOWED BY TODAY’S 320,000 OZ QUEUE JUMP //NEW TOTAL 5.435 MILLION OZ TO WHICH WE ADD EX. FOR RISK ISSUANCE/PRIOR FOR 1.0 MILLION OZ //NEW TOTALS; 6.435 MILLION OZ/

NEW STANDING 6.435 million OZ /// WE HAVE A GIGANTIC SIZED GAIN OF 4020 OI CONTRACTS ON THE TWO EXCHANGES DESPITE THE LOSS IN PRICE. THE TOTAL OF TAS INITIATED CONTRACTS TODAY: A HUGE SIZED 1711 CONTRACTS//HUGE FRONT END OF THE TAS CONTRACTS WERE LIQUIDATED DURING THE THURSDAY COMEX SESSION/RAID// WITH SOME SHORT COVERINGS FROM OUR SPEC SHORTS. THE NEW TAS ISSUANCE THURSDAY NIGHT (1711) WILL BE PUT INTO “THE BANK” TO BE COLLUSIVELY USED AT A LATER DATE//PROBABLY TODAY., .

WE HAD 67 NOTICE(S) FILED TODAY FOR 335,000 OZ

THE SILVER COMEX IS NOW BEING ATTACKED FOR METAL BY LONDONERS ET AL.

GOLD//OUTLINE

IN GOLD, THE COMEX OPEN INTEREST FELL BY A STRONG SIZED 8202 CONTRACTS TO 478,244 AND FURTHER FROM THE RECORD (SET JAN 24/2020) AT 799,733 AND PREVIOUS TO THAT: (SET JAN 6/2020) AT 797,110.

THE DIFFERENTIAL FROM PRELIMINARY OI TO FINAL OI IN GOLD TODAY: – removed 391 CONTRACTS

WE HAD A STRONG SIZED DECREASE IN COMEX OI ( 8202 CONTRACTS) WITH OUR $7.40 LOSS IN PRICE//THURSDAY. WE ALSO HAD A RATHER STRONG INITIAL STANDING IN GOLD TONNAGE FOR JAN. AT 8.214 TONNES ON FIRST DAY NOTICE FOLLOWED BY TODAY’S 7,600 OZ QUEUE JUMP//NEW STANDING: 10.4199 TONNES // ALL OF THIS HAPPENED WITH OUR $7.40 LOSS IN PRICE WITH RESPECT TO THURSDAY’S TRADING. WE HAD A FAIR SIZED LOSS OF 3402 OI CONTRACTS (10.582) PAPER TONNES) ON OUR TWO EXCHANGES.

E.F.P. ISSUANCE

THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A STRONG SIZED 4800 CONTRACTS:

The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 478,244

IN ESSENCE WE HAVE A FAIR SIZED DECREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 30402CONTRACTS WITH 8202 CONTRACTS DECREASED AT THE COMEX// AND A STRONG SIZED 4800 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI LOSS ON THE TWO EXCHANGES OF 3402 CONTRACTS.. WE HAD THE FOLLOWING TAS CONTRACTS INITIATED (ISSUED): A MEGA MEGA MEGA HUMONGOUS SIZED 47,231 CONTRACTS. ( HIGHEST T.A.S. ON RECORD ISSUANCE//AND THE 4TH CONSECUTIVE MEGA ISSUANCE FOR T.A.S.)

CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES

WE HAD A STRONG SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (4800 CONTRACTS) ACCOMPANYING THE STRONG SIZED LOSS IN COMEX OI (7811) //TOTAL LOSS FOR OUR THE TWO EXCHANGES: 3402 CONTRACTS. WE HAVE ( 1) NOW RETURNED TO OUR FORMER FORMAT OF BANKERS GOING LONG AND SPECULATORS GOING SHORT ,2.) STRONG INITIAL STANDING AT THE GOLD COMEX FOR JAN AT 8.214 TONNES FOLLOWED BY TODAY’S 7600 OZ QUEUE JUMP//NEW STANDING 10.4199 TONNES. / 3) ZERO LONG LIQUIDATION AND HUGE TAS LIQUIDATION WITH SOME SHORT LIQUIDATION// 4) STRONG SIZED COMEX OPEN INTEREST LOSS/ 5) STRONG ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER///6: HUMONGOUS T.A.S. ISSUANCE: 47,231 CONTRACTS

HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS IN 2023-2024 INCLUDING TODAY

JAN.

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

TOTAL EFP CONTRACTS ISSUED: 32,331 CONTRACTS OR 3,233,100 OZ OR 100.56 TONNES IN 9 TRADING DAY(S) AND THUS AVERAGING: 3592 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 9 TRADING DAY(S) IN TONNES 100.56 TONNES

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

THUS EFP TRANSFERS REPRESENTS 100.56/3550 x 100% TONNES 2.84% 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. 213.704 TONNES. A STRONG MONTH//

TOTAL FOR YEAR 2023: 2,569.57 TONNES VS 2578 TONNES LAST YEAR

JAN ’24: 100.56 TONNES (WILL EQUAL LAST MONTH’S ISSUANCE OR A LITTLE GREATER)

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 (FEB), AND THAT IS WHEN THE CROOKS SELL THEIR SPREAD POSITIONS BUT NOT AT THE SAME TIME OF THE DAY. THEY WILL USE THE SELL SIDE OF THE EQUATION TO CREATE THE CASCADE (ALONG WITH THEIR COLLUSIVE FRIENDS) AND THEN COVER ON THE BUY SIDE OF THE SPREAD SITUATION AT THE END OF THE DAY. THEY DO THIS TO AVOID POSITION LIMIT DETECTION. THE LIQUIDATION OF THE SPREADING FORMATION CONTINUES FOR EXACTLY ONE WEEK AND ENDS ON FIRST DAY NOTICE.”

WHAT IS ALARMING TO ME, ACCORDING TO OUR LONDON EXPERT ANDREW MAGUIRE IS THAT THESE EFP’S ARE BEING TRANSFERRED TO WHAT ARE CALLED SERIAL FORWARD CONTRACT OBLIGATIONS AND THESE CONTRACTS ARE LESS THAN 14 DAYS. ANYTHING GREATER THAN 14 DAYS, THESE MUST BE RECORDED AND SENT TO THE COMPTROLLER, GREAT BRITAIN TO MONITOR RISK TO THE BANKING SYSTEM. IF THIS IS INDEED TRUE, THEN THIS IS A MASSIVE CONSPIRACY TO DEFRAUD AS WE NOW WITNESS A MONSTROUS TOTAL EFP’S ISSUANCE AS IT HEADS INTO THE STRATOSPHERE.

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

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

1.Today, we had the open interest at the comex, in SILVER ROSE BY A GIGANTIC SIZED 2328 CONTRACTS OI TO 134,088 AND CLOSER TO THE 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 1509 CONTRACTS

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

MARCH 1509 and ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 1509 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. IF WE TAKE THE COMEX OI GAIN OF 2511 CONTRACTS AND ADD TO THE 1509 OI TRANSFERRED TO LONDON THROUGH EFP’S,

WE OBTAIN A HUGE +++ SIZED GAIN OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES OF 3837 CONTRACTS

THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES TOTAL 20.100 MILLION OZ

OCCURRED DESPITE OUR $.34 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//

FRIDAY MORNING/THURSDAY NIGHT

SHANGHAI CLOSED DOWN 4.67 PTS OR 0.16% //Hang Seng CLOSED DOWN 57,46 PTS OR 0.35% /The Nikkei CLOSED UP 527.25 OR 1.56% //Australia’s all ordinaries CLOSED DOWN 0.08% /Chinese yuan (ONSHORE) closed DOWN AT 7.1678 /OFFSHORE CHINESE YUAN CLOSED DOWN TO 7.1830 /Oil UP TO 74.63 dollars per barrel for WTI and BRENT UP AT 80.02/ Stocks in Europe OPENED ALL 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 STRONG SIZED 8208 CONTRACTS TO 478,244 WITH OUR LOSS IN PRICE OF $7.40 WITH RESPECT TO THURSDAY TRADING. WE MUST HAVE HAD SOME LONG SPEC LIQUIDATIONS IN THE COMEX SESSION WITH MINOR SPEC SHORT COVERINGS.

EXCHANGE FOR PHYSICAL ISSUANCE

WE ARE NOW IN THE NON ACTIVE DELIVERY MONTH OF JAN..… 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 4800 EFP CONTRACTS WERE ISSUED: : FEB 4800 & ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE: 4800 CONTRACTS

ON A NET BASIS IN OPEN INTEREST WE LOST THE FOLLOWING TODAY ON OUR TWO EXCHANGES: A FAIR SIZED TOTAL OF 3402 CONTRACTS IN THAT 4800 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE HAD A STRONG SIZED LOSS OF 8202 COMEX CONTRACTS..AND THIS FAIR LOSS ON OUR TWO EXCHANGES HAPPENED WITH OUR LOSS IN PRICE OF $7.40 THURSDAY 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 THURSDAY NIGHT WAS A MEGA MEGA GIGANTIC SIZED 47,231 CONTRACTS. (SO MUCH FOR LAW AND ORDER AT THE COMEX). 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/T.A.S. SPREAD WHICH WILL BE LIQUIDATED IN DAYS HENCE//.

// WE HAVE A LIGHT AMOUNT OF GOLD TONNAGE STANDING: JAN (10.4199 TONNES) ( NON ACTIVE MONTH)

HERE ARE THE AMOUNTS THAT STOOD FOR DELIVERY IN THE PRECEDING 12 MONTHS OF 2021-2022:

DEC 2021: 112.217 TONNES

NOV. 8.074 TONNES

OCT. 57.707 TONNES

SEPT: 11.9160 TONNES

AUGUST: 80.489 TONNES

JULY: 7.2814 TONNES

JUNE: 72.289 TONNES

MAY 5.77 TONNES

APRIL 95.331 TONNES

MARCH 30.205 TONNES

FEB ’21. 113.424 TONNES

JAN ’21: 6.500 TONNES.

TOTAL YEAR 2021 (JAN- DEC): 601.213 TONNES

YEAR 2022:

JANUARY 2022 17.79 TONNES

FEB 2022: 59.023 TONNES

MARCH: 36.678 TONNES

APRIL: 85.340 TONNES FINAL.

MAY: 20.11 TONNES FINAL

JUNE: 74.933 TONNES FINAL

JULY 29.987 TONNES FINAL

AUGUST:104.979 TONNES//FINAL

SEPT. 38.1158 TONNES

OCT: 77.390 TONNES/ FINAL

NOV 27.110 TONNES/FINAL

Dec. 64.000 tonnes

(TOTAL YEAR 656.076 TONNES)

2023:

JAN/2023: 20.559 tonnes

FEB 2023: 47.744 tonnes

MAR: 19.0637 TONNES

APRIL: 75.676 tonnes

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

JUNE: 64.354 TONNES

JULY: 10.2861 TONNES

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

SEPT: 15.281 TONNES FINAL

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

NOV: 18.7122 TONNES + 16.2505 EX. FOR RISK = 34.9627 TONNES

DEC. 47.073 + 4.634 TONNES OF EXCHANGE FOR RISK = 51.707TONNES

TOTAL 2023 YEAR : 436.546 TONNES

JAN ’24. 10.4199 TONNES

THE SPECS/HFT WERE SUCCESSFUL IN LOWERING GOLD’S PRICE( IT LOST $7.40) //// AND WERE SUCCESSFUL IN KNOCKING SOME SPECULATOR LONGS AS WE HAD A FAIR SIZED LOSS OF 3011 TOTAL CONTRACTS ON OUR TWO EXCHANGES. WE HAD A HUGE T.A.S. LIQUIDATION ON THE FRONT END OF THURSDAY’S TRADING . THE T.A.S. ISSUED ON THURSDAY NIGHT, WILL BE “PUT INTO THE BANK” TO BE USED AT A LATER DATE AT THE COLLUSIVE CHOOSING OF OUR BANKERS. WE ALSO EXPERIENCED CONSIDERABLE SPECULATOR SHORT COVERING

WE HAVE LOST A TOTAL OI OF 9.365 PAPER TONNES FROM OUR TWO EXCHANGES, ACCOMPANYING OUR INITIAL GOLD TONNAGE STANDING FOR JAN. (8,214 TONNES) ON FIRST DAY NOTICE FOLLOWED BY TODAY’S 7600 OZ QUEUE JUMP (0.2395 TONNES): NEW TOTAL STANDING 10.4199 TONNES/ ALL OF THIS WAS ACCOMPLISHED WITH OUR LOSS IN PRICE TO THE TUNE OF $7.40

WE HAD – REMOVED 168 CONTRACTS TO THE COMEX TRADES TO OPEN INTEREST (CROOKS)

NET LOSS ON THE TWO EXCHANGES 3402 CONTRACTS OR 340200 OZ OR 10.582 TONNES.

Estimated gold volume today:// 297,232 good //t.a.s. induced.

final gold volumes/yesterday 376,136/ strong t.a.s. induced

//speculators have left the gold arena

JAN 12 INITIAL

/ /// THE JAN 2024 GOLD CONTRACT

Gold	Ounces
Withdrawals from Dealers* Inventory in oz*	nil
Withdrawals from Customer* Inventory in oz*	3536.410 OZ BRINKs 110 kilobars .
Deposit to the Dealer* Inventory in oz*	nil oz
Deposits to the Customer* Inventory, in oz*	nil oz
No of oz served (contracts) today	75 notice(s) 7500 OZ 0.2332 TONNES
No of oz to be served (notices)	77 contracts 7700 oz 0.2395 TONNES
Total monthly oz gold served (contracts) so far this month	3273 notices 327300 oz 10.1804 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

total customer withdrawals: 1

i)Brinks: 3536.610 oz

(110 kilobars)

total withdrawals 3536.610 oz

we had 0 deposits

total deposits NIL oz

Adjustments; 1// CUSTOMER to dealer

i) Malca 10,513.377oz

ii) int. delaware 96.45 oz (3 kilobars)//dealer to customer

CALCULATIONS FOR THE AMOUNT OF GOLD STANDING FOR JAN.

For the front month of JANUARY we have an oi of 152 contracts having LOST 328 contracts. We had 404 notices served on Thursday, so we gained 76 contracts or an additional 7600 oz will stand for delivery at the comex

FEB LOST 26,638 CONTRACTS FALLING TO 253,201

March GAINED 6 contracts to stand at 333.

APRIL GAINED 17,943 CONTRACTS RISING TO 164,401.

We had 75 contracts filed for today representing 7500 oz

Today, 0 notice(s) were issued from J.P.Morgan dealer account and 0 notices were issued from their client or customer account. The total of all issuance by all participants equate to 75 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 40 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 JAN. /2023. contract month, we take the total number of notices filed so far for the month (3273 x 100 oz ), to which we add the difference between the open interest for the front month of JAN. (152 CONTRACTS) minus the number of notices served upon today 75 x 100 oz per contract equals 335,000 OZ OR 10.4199 TONNES

thus the INITIAL standings for gold for the JAN. contract month: No of notices filed so far (3273) x 100 oz + (152) {OI for the front month} minus the number of notices served upon today (75) x 100 oz) which equals 335,000 oz standing OR 10.4199 TONNES

TOTAL COMEX GOLD STANDING FOR JAN: 10.4199 TONNES WHICH IS GREAT FOR AN INACTIVE DELIVERY MONTH IN THE CALENDAR.

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: 1,488,572,003 46.30 tonnes

TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD: 20,025,614.310 OZ

TOTAL REGISTERED GOLD 9,237,397.739 (287,32 tonnes).

TOTAL OF ALL ELIGIBLE GOLD: 10,788,216.571 OZ

REGISTERED GOLD THAT CAN BE SERVED UPON: 7,748,825 oz (REG GOLD- PLEDGED GOLD) 241.02 tonnes

END

SILVER/COMEX

JAN 12/INITIAL

//2024// THE JAN 2023 SILVER CONTRACT//INITIAL

Silver	Ounces
Withdrawals from Dealers* Inventory*	NIL oz
Withdrawals from Customer Inventory	626,568.780 oz Brinks CNT Loomis .
Deposits to the Dealer* Inventory*	nil OZ
Deposits to the Customer Inventory	nil oz
No of oz served today (contracts)	67 CONTRACT(S) (335,000 OZ)
No of oz to be served (notices)	326 contracts (1,630,000 oz)
Total monthly oz silver served (contracts)	761 Contracts (3,805,000 oz)
Total accumulative withdrawal of silver from the Dealers* inventory this month*	NIL oz
Total accumulative withdrawal of silver from the Customer* inventory this month*

i) 0 dealer deposit

total dealer deposit: nil oz

i) We had 0 dealer withdrawal

total dealer withdrawals: 0 oz

We had 0 deposits customer account:

total customer deposits nil oz

JPMorgan has a total silver weight: 132.534 million oz/280.456 million or 47.50%

Comex withdrawals: 3

i0 Out of Brinks 322,209.620 oz

ii) Out of CNT: 4011.93 oz

iii) Out of Loomis: 300,347.230 oz

total deposit: 626,568.780 oz

one adjustment customer to dealer: Manfra 298.268.410 oz

TOTAL REGISTERED SILVER: 42.810 MILLION OZ//.TOTAL REG + ELIGIBLE. 280.456 million oz

CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR DECEMBER:

silver open interest data:

FRONT MONTH OF JAN. /2023 OI: 393 CONTRACTS HAVING LOST 64 CONTRACT(S). WE HAD 128 NOTICES SERVED ON THURSDAY, SO WE GAINED 64 CONTRACTS OR AN ADDITIONAL 320,000 OZ WILL STAND FOR DELIVERY AT THE COMEX

FEB LOST 10 CONTRACTS TO STAND AT 710

MARCH GAINED 1683 CONTRACTS TO 105,034

TOTAL NUMBER OF NOTICES FILED FOR TODAY: 67 for 335,000 oz

Comex volumes// est. volume today 72,328// good

Comex volume: confirmed yesterday 85,821 excellent//t.a.s.induced

To calculate the number of silver ounces that will stand for delivery in JAN. we take the total number of notices filed for the month so far at 761 x 5,000 oz = 3,805,000 oz

to which we add the difference between the open interest for the front month of JAN. (393) and the number of notices served upon today 67 x (5000 oz) equals the number of ounces standing.

Thus the standings for silver for the DEC/2023 contract month: 761 (notices served so far) x 5000 oz + OI for the front month of JAN. (393) – number of notices served upon today (167 )x 500 oz of silver standing for the JAN contract month equates to 5.435 MILLION OZ. to which we add our exchange for RISK of 1.0 million oz//new total 6.435 million oz/

New total standing: 6.435 million oz.

There are 42,456 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!

JAN 12/WITH GOLD UP $31.65 TODAY: HUGE CHANGES IN GOLD INVENTORY AT THE GLD; A MASSIVE WITHDRAWAL OF 4.61 TONNES OF GOLD FROM THE GLD//://INVENTORY RESTS AT 864.99 TONNES

JAN 11/WITH GOLD DOWN $7.40 TODAY: HUGE CHANGES IN GOLD INVENTORY AT THE GLD; A MASSIVE WITHDRAWAL OF 4.61 TONNES OF GOLD FROM THE GLD//://INVENTORY RESTS AT 864.99 TONNES

JAN 10/WITH GOLD DOWN $4.80 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD://INVENTORY RESTS AT 869.60 TONNES

JAN 9/WITH GOLD UP $0.95 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD://INVENTORY RESTS AT 869.60 TONNES

JAN 8/WITH GOLD DOWN $16.85 TODAY: HUGE CHANGES IN GOLD INVENTORY AT THE GLD:A WITHDRAWAL OF 4.61 TONNES FROM THE GLD. INVENTORY RESTS AT 869.60 TONNES

JAN 5/WITH GOLD UP $0.80 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD:///. // INVENTORY RESTS AT 874.21 TONNES

JAN 4/WITH GOLD UP $7.60 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD:///. // INVENTORY RESTS AT 874.21 TONNES

JAN 3/WITH GOLD DOWN $29.40 TODAY: HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 4.90 TONNES OF GOLD INTO THE GLD///. // INVENTORY RESTS AT 874.21 TONNES

JAN 2/WITH GOLD UP $1.50 TODAY: HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.44 TONNES OF GOLD INTO THE GLD///. // INVENTORY RESTS AT 879.11 TONNES

DEC 29/WITH GOLD DOWN $10.25 TODAY: HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.16 TONNES OF GOLD INTO THE GLD///. // INVENTORY RESTS AT 880.55 TONNES

DEC 28/WITH GOLD DOWN $8.35 TODAY: HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 1.45 TONNES OF GOLD INTO THE GLD///. // INVENTORY RESTS AT 881.71 TONNES

DEC 27/WITH GOLD UP $23.25 TODAY: HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 2.01 TONNES OF GOLD INTO THE GLD///. // INVENTORY RESTS AT 880.26 TONNES

DEC 26/WITH GOLD UP $1.25 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD:/. // INVENTORY RESTS AT 878.25 TONNES

DEC 22/WITH GOLD UP $17,85 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD:/. // INVENTORY RESTS AT 878.25 TONNES

DEC 21/WITH GOLD UP $5.10 TODAY: HUGE CHANGES IN GOLD INVENTORY AT THE GLD:A DEPOSIT .58 TONNES OF 2.02 TONNES OF GOLD INTO THE GLD//. // INVENTORY RESTS AT 878.25 TONNES

DEC 20/WITH GOLD DOWN $3.60 TODAY: HUGE CHANGES IN GOLD INVENTORY AT THE GLD:A WITHDRAWAL OF 2.02 TONNES OF GOLD FROM THE GLD//. // INVENTORY RESTS AT 877.67 TONNES

DEC19/WITH GOLD UP $12.15 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD:. // INVENTORY RESTS AT 879.69 TONNES

DEC18/WITH GOLD UP $5.50 TODAY: HUGE CHANGES IN GOLD INVENTORY AT THE GLD:. /A DEPOSIT OF 173 TONNES INTO THE GLD// INVENTORY RESTS AT 879.69 TONNES

DEC14/WITH GOLD UP $47.35 TODAY: HUGE CHANGES IN GOLD INVENTORY AT THE GLD:. /A DEPOSIT OF 2.42 TONNES FROM THE GLD// INVENTORY RESTS AT 877.96 TONNES

DEC13/WITH GOLD UP $3.90 TODAY: HUGE CHANGES IN GOLD INVENTORY AT THE GLD:. /A WITHDRAWAL OF 2.89 TONNES FROM THE GLD// INVENTORY RESTS AT 875,65 TONNES

DEC12/WITH GOLD DOWN $0.60 TODAY: HUGE CHANGES IN GOLD INVENTORY AT THE GLD:. /A WITHDRAWAL OF 2.01 TONNES FROM THE GLD// INVENTORY RESTS AT 878.54 TONNES

DEC11/WITH GOLD DOWN $21.20 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD:. // / / // INVENTORY RESTS AT 880.55 TONNES

DEC 8/WITH GOLD DOWN $30,80 TODAY: SMALL CHANGES IN GOLD INVENTORY AT THE GLD:. // / / // A WITHDRAWAL OF .28 TONNES OF GOLD FROM THE GLD/// INVENTORY RESTS AT 880.55 TONNES

DEC 7/WITH GOLD DOWN $.20 TODAY: NO CHANGES IN GOLD INVENTORY AT THE GLD:. // / / // // INVENTORY RESTS AT 880.83 TONNES

DEC 6/WITH GOLD UP $11.70 TODAY:SMALL CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 0.29 TONNES OF GOLD FROM THE GLD. // / / // // INVENTORY RESTS AT 880.83 TONNES

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

GLD INVENTORY: 864.99 TONNES

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

JAN 12/WITH SILVER UP $0.62 TODAY NO CHANGES IN SILVER INVENTORY AT THE SLV: // //INVENTORY RESTS AT 433.912 MILLION OZ

JAN 11/WITH SILVER DOWN 34 CENTS TODAY NO CHANGES IN SILVER INVENTORY AT THE SLV: // //INVENTORY RESTS AT 433.912 MILLION OZ

JAN 10/WITH SILVER DOWN 3 CENTS TODAY SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 450,000 OZ FROM THE SLV// //INVENTORY RESTS AT 433.912 MILLION OZ

JAN 9/WITH SILVER DOWN 20 CENTS TODAY NO CHANGES IN SILVER INVENTORY AT THE SLV //INVENTORY RESTS AT 434.370 MILLION OZ

JAN 8/WITH SILVER DOWN 8 CENTS TODAY HUGE CHANGES IN SILVER INVENTORY AT THE SLV A WITHDRAWAL OF 1,602,000 OZ INTO THE SLV//:././/////INVENTORY RESTS AT 434.370 MILLION OZ

JAN 5/WITH SILVER UP 20 CENTS TODAY HUGE CHANGES IN SILVER INVENTORY AT THE SLV A DEPOSIT OF 916,000 OZ INTO THE SLV//:././/////INVENTORY RESTS AT 435.972 MILLION OZ

JAN 4/WITH SILVER UP 5 CENTS TODAY NO CHANGES IN SILVER INVENTORY AT THE SLV/:././/////INVENTORY RESTS AT 435.056 MILLION OZ

JAN 3/WITH SILVER DOWN 78 CENTS TODAY HUGE CHANGES IN SILVER INVENTORY AT THE SLV/: A WITHDRAWALOF 2.294 MILLION OZ OZ FROM THE SLV././/////INVENTORY RESTS AT 435.056 MILLION OZ

JAN 2/WITH SILVER DOWN 9 CENTS TODAY HUGE CHANGES IN SILVER INVENTORY AT THE SLV/: A WITHDRAWALOF 915,000 OZ FORM THE SLV././/////INVENTORY RESTS AT 437.35 MILLION OZ

DEC 29/WITH SILVER DOWN 29 CENTS TODAY NO CHANGES IN SILVER INVENTORY AT THE SLV/: //////INVENTORY RESTS AT 438.265 MILLION OZ

DEC 28/WITH SILVER DOWN 25 CENTS TODAY NO CHANGES IN SILVER INVENTORY AT THE SLV/: //////INVENTORY RESTS AT 438.265 MILLION OZ

DEC 27/WITH SILVER UP 20 CENTS TODAY:HUGE CHANGES IN SILVER INVENTORY AT THE SLV/: A WITHDRAWAL OF 1.374 MILLION OZ FROM THE SLV//////INVENTORY RESTS AT 438.265 MILLION OZ

THIS IS THE 3RD STRAIGHT DAY THAT THE SLV HAS ENGAGED IN WITHDRAWALS

DEC 26/WITH SILVER DOWN 14 CENTS TODAY:HUGE CHANGES IN SILVER INVENTORY AT THE SLV/: A WITHDRAWAL OF 1.465 MILLION OZ FROM THE SLV//////INVENTORY RESTS AT 439.639 MILLION OZ

DEC 22/WITH SILVER UP 0 CENTS TODAY:HUGE CHANGES IN SILVER INVENTORY AT THE SLV/: A WITHDRAWAL OF 2.289 MILLION OZ FROM THE SLV//////INVENTORY RESTS AT 441.104 MILLION OZ

DEC 21/WITH SILVER DOWN 2 CENTS TODAY:NO CHANGES IN SILVER INVENTORY AT THE SLV/: NO CHANGES IN SILVER INVENTORY AT THE SLV//////INVENTORY RESTS AT 443.393 MILLION OZ

DEC 20/WITH SILVER UP 28 CENTS TODAY:NO CHANGES IN SILVER INVENTORY AT THE SLV/: NO CHANGES IN SILVER INVENTORY AT THE SLV//////INVENTORY RESTS AT 443.393 MILLION OZ

DEC 19/WITH SILVER UP 27 CENTS TODAY:BIG CHANGES IN SILVER INVENTORY AT THE SLV/: A MASSIVE DEPOSIT OF 2.747 MILLION OZ INTO THE SLV////INVENTORY RESTS AT 443.393 MILLION OZ

DEC 18/WITH SILVER DOWN 9 CENTS TODAY:BIG CHANGES IN SILVER INVENTORY AT THE SLV/: A WITHDRAWAL OF 0.794 MILLION OZ FROM THE SLV////INVENTORY RESTS AT 440.646 MILLION OZ

DEC 14/WITH SILVER DOWN 8 CENTS TODAY:BIG CHANGES IN SILVER INVENTORY AT THE SLV/: A MASSIVE WITHDRAWAL OF 3.00000 MILLION OZ FROM THE SLV////INVENTORY RESTS AT 441.470 MILLION OZ

DEC 13/WITH SILVER DOWN 8 CENTS TODAY:BIG CHANGES IN SILVER INVENTORY AT THE SLV/: A DEPOSIT OF 10.326 MILLION OZ FROM THE SLV////INVENTORY RESTS AT 444.470 MILLION OZ

DEC 12/WITH SILVER DOWN 5 CENTS TODAY:BIG CHANGES IN SILVER INVENTORY AT THE SLV/: A WITHDRAWAL OF 594,000 OZ FROM THE SLV////INVENTORY RESTS AT 434.144 MILLION OZ

DEC 11/WITH SILVER DOWN 19 CENTS TODAY:NO CHANGES IN SILVER INVENTORY AT THE SLV/: A ////INVENTORY RESTS AT 434.735 MILLION OZ

DEC 8/WITH SILVER DOWN 80 CENTS TODAY:NO CHANGES IN SILVER INVENTORY AT THE SLV/: A DEPOSIT OF 1.648 MILLION OZ INTO THE SLV////INVENTORY RESTS AT 434.735 MILLION OZ

DEC 7/WITH SILVER DOWN 15 CENTS TODAY:NO CHANGES IN SILVER INVENTORY AT THE SLV/: // //://// //INVENTORY RESTS AT 433.090 MILLION OZ

DEC 6/WITH SILVER DOWN 25 CENTS TODAY:NO CHANGES IN SILVER INVENTORY AT THE SLV/: // //://// //INVENTORY RESTS AT 433.090 MILLION OZ

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

CLOSING INVENTORY 434.370 MILLION OZ//

PHYSICAL GOLD/SILVER COMMENTARIES

1:Peter Schiff/Mike Maharrey

END

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

Mathew Piepenburg…

END

3. CHRIS POWELL//GATA GOLD COMMENTARIES:

END

4. OTHER GOLD/SILVER //COMMENTARIES//PODCASTS

end

5 a. IMPORTANT COMMENTARIES ON COMMODITIES /lithium

Will Direct Lithium Extraction Disrupt The $90B Lithium Market?

FRIDAY, JAN 12, 2024 – 04:15 AM

Current lithium extraction and refinement methods are outdated, often harmful to the environment, and ultimately inefficient. So much so that by 2030, lithium demand will outstrip supply by a projected 1.42 million metric tons. But there is a solution: Direct lithium extraction (DLE).

For this graphic, Visual Capitalist partnered with EnergyX to try to understand how DLE could help meet global lithium demands and change an industry that is critical to the clean energy transition.

The Lithium Problem

Lithium is crucial to many renewable energy technologies because it is this element that allows EV batteries to react. In fact, it’s so important that projections show the lithium industry growing from $22.2B in 2023 to nearly $90B by 2030.

But even with this incredible growth, as you can see from the table, refined lithium production will need to increase 86.5% over and above current projections.

The Solution: Direct Lithium Extraction

DLE is a process that uses a combination of solvent extraction, membranes, or adsorbents to extract and then refine lithium directly from its source. LiTASTM, the proprietary DLE technology developed by EnergyX, can recover an incredible 300% more lithium per ton than existing processes, making it the perfect tool to help meet lithium demands.

Additionally, LiTASTM can refine lithium at the lowest cost per unit volume directly from brine, an essential step in meeting tomorrow’s lithium demand and manufacturing next-generation batteries, while significantly reducing the footprint left by lithium mining.

Providing the World with Lithium

DLE promises to disrupt the outdated lithium industry by improving lithium recovery rates and slashing emissions, helping the world meet the energy demands of tomorrow’s electric vehicles.

EnergyX is on a mission to become a worldwide leader in the sustainable energy transition using groundbreaking direct lithium extraction technology. Don’t miss your chance to join companies like GM and invest in EnergyX to transform the future of renewable energy.

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 FRIDAY MORNING.7:30 AM

ONSHORE YUAN: CLOSED DOWN AT 7.1678

OFFSHORE YUAN: DOWN TO 7.1830

SHANGHAI CLOSED DOWN 4.67 PTS OR 0.16%

HANG SENG CLOSED DOWN 57.46 PTS OR 0.35%

2. Nikkei closed UP 527.25 PTS OR 1.56%

3. Europe stocks SO FAR: ALL GREEN

USA dollar INDEX UP TO 102.28 EURO FALLS TO 1.0941 DOWN 41 BASIS PTS

3b Japan 10 YR bond yield:FALLS TO. +.584 Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 145.48/JAPANESE YEN NOW RISING 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 DOWN 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 UP for WTI and UP FOR Brent this morning

3h European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund DOWN TO +2.1785***/Italian 10 Yr bond yield DOWN to 3.783** /SPAIN 10 YR BOND YIELD UP TO 3.132…**

3i Greek 10 year bond yield UP TO 3.236

3j Gold at $2053.50 silver at: 23.21 1 am est) SILVER NEXT RESISTANCE LEVEL AT $30.00

3k USA vs Russian rouble;// Russian rouble UP 0 AND 15 /100 roubles/dollar; ROUBLE AT 88.47//

3m oil into the 74 dollar handle for WTI and 80 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 145,48// 10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 0.584% 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 0.8541 as the Swiss Franc is still rising against most currencies. Euro vs SF: 0.9345 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: 4.004 UP 3 BASIS PTS…

USA 30 YR BOND YIELD: 4.205 UP 3 BASIS PTS/

USA 2 YR BOND YIELD: 4.270 UP 1 BASIS PTS

USA DOLLAR VS TURKISH LIRA: 30.10…(TURKEY SET TO BLOW UP FINANCIALLY)

GREAT BRITAIN/10 YEAR YIELD: UP 1 BASIS PTS AT 3.8545

end

2.a Overnight: Newsquawk and Zero hedge.

Futures Slide As Earnings Season Begins, Oil Surges After US Strikes Houthi Rebels In Yemen

FRIDAY, JAN 12, 2024 – 07:20 AM

US equity futures are muted on the last day of the week, as investors mull the impact of inflation’s rebound on the outlook for monetary easing and waited for earnings from some of the world’s biggest banks. At 6:54am, S&P 500 futures are down -0.5%, dragged lower by poor earnings reported by BofA with JPM fallilng in sympathy, while Nasdaq 100 futures fell 0.6%. 10Y Yields rose to 3.99% and was set to rise above 4.00% after sliding yesterday for reasons still unknown. The dollar reversed earlier losses and was last trading near session highs.

Brent futures jumped as the US and UK retaliated against Houthi rebels in Yemen for attacks on ships in the Red Sea. The allies launched more more than 60 airstrikes on Houthi targets in Yemen early Friday. In response, Houthis vowed more ship attacks, potentially engulfing the region into a larger conflict. The threat of a wider war in the Mideast and new hotspots of political turmoil in Ecuador and Poland are complicating an otherwise bullish outlook for markets in 2024.

In premarket trading, Tesla fell in premarket on disruption at its German factory due to the Red Sea unrest and price cuts in China. Cryptocurrency stocks extend declines after the first US exchange-traded funds for Bitcoin went live on Thursday, with $4.6 billion worth of shares exchanged in the first day of trading. Bakkt -2%, Bitdeer Technologies -3.8%, Cipher Mining -5.1%, Cleanspark -2.3%, Coinbase -1.9%, Marathon Digital -2.1%, Riot Platforms -2.4%, Terawulf -3.1%. Here are some other notable premarket movers:

International Flavors & Fragrances (IFF US) shares rise 2% after it was raised to buy from hold at Jefferies, which says that the new CEO change “finally” positions IFF for several years of “sustainable structural improvement.”
Twilio shares gain 2.4% after it was raised to overweight from neutral by Piper Sandler with the analyst saying that the spending environment will rebound in 2024.

Expectations that officials are done hiking and will ease policy in 2024 — even if that happens a little later than markets are pricing — remain in place after faster-than-expected US inflation data on Thursday. The European Central Bank President Christine Lagarde said once the bank’s 2% inflation goal comes into view she’s “very confident, then rates will start to decline.”

“The downside reaction to the hot CPI figure was a lot more benign than it likely would have been if we had seen a cool number – a very telling sign of positioning and the sheer amount of cash sloshing around in the system and waiting to be put to work,” FAB Global Markets economists including Simon Ballard wrote in a note.

Earnings season gets underway on Friday, with some of the biggest US banks including JPMorgan Chase, Bank of America, Citigroup and Wells Fargo & Co. set to report fourth-quarter results.

European stocks are also on the front foot with the Stoxx 600 rising 0.9% buoyed by energy companies TotalEnergies SE and Shell Plc, and set to notch a small weekly gain. Here are the biggest movers on Friday:

Airbus rises as much as 2.4% to hit a new record high after the airplane manufacturer sold a record number of planes in 2023 and surpassed its annual delivery target.
Bureau Veritas shares rise as much as 4.3%, the most since October 2022, after Morgan Stanley upgraded its rating to overweight and named the company its new sector top pick.
Arkema rises as much as 2% after Morgan Stanley resumed coverage at equal-weight.
Vistry Group rises as much as 3.3% after the UK housebuilder said annual adjusted pretax profit in 2023 will be ahead of expectations and broadly flat from the year before.
AMS-Osram rises as much as 5.6% after Bernstein raises its rating on the chipmaker to outperform.
Wood Group rises as much as 3.7% after the engineering services company revealed trading in 2023 has been in-line with expectations and will lead to increases in annual Ebitda.
J.Martins drops as much as 7.1% as 4Q sales raised analysts concerns about like-for-like deceleration in Poland, its main market.
Grifols extends weekly declines and is 36% down since the publication on Tuesday of a short-seller report, the worst weekly drop on record for the Spanish blood plasma company.
Burberry dropped as much as 15% in huge volumes to their lowest levels since 2020 as the UK luxury group unexpectedly lowered its profit forecast after weak sales in December.
Suedzucker fall as much as 6.6% to the lowest intraday in over a year, as Barclays says peak sugar profitability is likely over and Warburg downgrades the stock to sell.
Lanxess falls as much as 2.6% after Morgan Stanley cut the stock to underweight from equal-weight.
Ceres falls as much as 7.1% after RBC cut the recommendation on the energy generator and distributor to underperform, citing delays hitting cash reserves and stalling sector momentum.

Earlier in the session, Asian stocks rose, on track for a weekly gain, as a rally in Japan extended and investors took hotter-than-expected US inflation data in stride. The MSCI Asia Pacific Index climbed as much as 0.6%, with Infosys and Fast Retailing among the biggest boosts after results reports. Data showing accelerated growth in US headline prices was seen having limited impact on Federal Reserve policy.

Benchmarks in Japan continued their ascent to fresh three-decade highs, while stocks in India also gained.
China and Hong Kong gauges were little changed after data showing the world’s second-largest economy continues to struggle with deflation, as consumer prices dropped for a third-straight month.
Key stock gauges in India closed at new record highs, outperforming most Asian peers, driven by a sharp rally in technology companies. The S&P BSE Sensex rose 1.2% to 72,568.45 in Mumbai, while the NSE Nifty 50 Index advanced 1.1% to 21,894.55. The MSCI Asia Pacific India was up 0.5% for the day.

In rates, bunds and gilts rise with German and UK 10-year yields both falling 6bps. US 10-year yields rise 1bps to 3.97%.

In FX, the Bloomberg Dollar Spot Index is little changed. The Norwegian krone is the best performer among the G-10 currencies, rising 0.4% versus the greenback. The pound falls 0.1% despite data showing UK GDP rose slightly more than expected in November. Crude-price gains filtered through to commodity-linked currencies including the Canadian dollar and Norwegian krone.

In commodities, oil prices jump after the US and UK launched more than 60 airstrikes on Houthi targets in Yemen, in a bid to stop the Iran-backed group’s shipping attacks in the Red Sea. Brent climbs 3.4% to hit $80 while WTI tops $74 a barrel. Spot gold rises 0.6%.

Bitcoin, -0.5%, takes a breather and holds just shy of USD 46k, while Ethereum, +0.5%, continues to build on the prior day’s advances as attention shifts now to the upcoming Ether ETF.

Looking to the day ahead now, and data releases include US PPI for December, along with UK GDP for November. From central banks, we’ll hear from the ECB’s Lane and the Fed’s Kashkari. Finally, there are several earnings releases today, including JPMorgan Chase, Citigroup, Bank of America and BlackRock.

Market Snapshot

S&P 500 futures little changed at 4,818.25
STOXX Europe 600 up 0.9% to 477.17
MXAP up 0.6% to 167.50
MXAPJ up 0.2% to 512.25
Nikkei up 1.5% to 35,577.11
Topix up 0.5% to 2,494.23
Hang Seng Index down 0.4% to 16,244.58
Shanghai Composite down 0.2% to 2,881.98
Sensex up 1.2% to 72,607.15
Australia S&P/ASX 200 down 0.1% to 7,498.28
Kospi down 0.6% to 2,525.05
German 10Y yield little changed at 2.19%
Euro little changed at $1.0967
Brent Futures up 2.4% to $79.25/bbl
Brent Futures up 2.4% to $79.25/bbl
Gold spot up 0.5% to $2,039.48
U.S. Dollar Index little changed at 102.31

Top Overnight News

China CPI -0.3% (vs. the Street -0.4% and a tiny improvement from -0.5% in Nov) while exports rose 2.3% (vs. the Street +1.5% and an uptick from +0.5% in Nov) and imports inched up 0.2% (vs. the Street -0.5%), although the PPI is still deeply in deflationary territory (down 2.7% vs. the Street -2.6%). BBG
China’s M2 money supply growth came in at +9.7% in Dec, down from +10% in Nov and below the Street’s +10.1% forecast. New CNY loans and aggregate financing in Dec came in light too at CNY1.17T (vs. the Street CNY1.35T) and CNY1.94T (vs. the Street CNY2.16T), respectively. BBG
Tesla cut the price of both its locally made models in China, potentially setting the stage for further discounting by rivals. Shares fell premarket. Citi analysts slashed their price target for BYD on expectations that sales and profit margins will come under pressure. BBG
The US and UK launched joint airstrikes against Houthi targets in Yemen after a spate of attacks on merchant vessels in the Red Sea. President Biden left the door open to more and the Houthis vowed to continue their attacks. Brent jumped to $80, the highest in two weeks, and WTI surpassed $75. BBG
The Panama Canal drought conditions have led shipping giant Maersk to inform clients this week that vessels with freight from Oceania (Australia and New Zealand) will no longer traverse the canal because of the ongoing low water levels. Maersk will be servicing the client’s containers by using a “land bridge.” CNBC
TSLA will suspend most production at its plant in Germany from 1/29 to 2/11 due to Red Sea-related component shipment disruptions. RTRS
BAC -3% in the pre: miss on weaker revenues – FICC modestly weaker and consensus likely not including the $1.6b of BSBY cessation impact. Roughly inline NII while NIM was weaker 1.97% vs cons 2.04% and deposit costs grew to 1.82% in the qtr. Core expenses at the ~$15.6b they guided to. Net reserve releases in the print while NCOs went up on card. Capital declined to 11.8% from 11.9%. TBV grew to $24.46 or implying stock trading at 1.35x of TBV. We think most important driver of the stock today will be the ’24 NII guide which we are likely to get on the call. GS GBM
BlackRock agreed to buy private-equity firm Global Infrastructure Partners for $12.5 billion in cash and stock, its largest acquisition in 15 years. WSJ
UNH -4% on very light volume in the pre-mkt after a pretty significant MLR miss (1.13% above expectations). Q4 revenue and EPS both modestly above estimates. Conference call at 8:45 ET. Will be back with more details. Q4 MLR 85% vs 83.87%. Q4 EPS $6.16 vs $5.97 est. Q4 revenue $94.43B vs $92.11B. Managed Care will be under pressure today as a result. GS GBM
BOJ officials are likely to discuss cutting their forecasts for economic growth and a gauge of inflation that includes energy when they gather to set policy later this month, even as their overall assessment of price trends remains intact, according to people familiar with the matter. The officials will probably mull a downward revision to the outlook for consumer prices excluding fresh food to around 2.5% from 2.8% for the fiscal year starting in April due to a drop in oil prices, the people said. For the following fiscal year, they continue to expect the gauge to be a tad lower than the bank’s 2% target. BBG

A more detailed look at global markets courtesy of Newsquawk

Asia-Pac stocks traded mixed with the major indices mostly rangebound alongside geopolitical concerns after the US and UK conducted joint strikes on Houthi targets, while participants also digested Chinese inflation and trade data. ASX 200 was subdued as strength in commodity-related sectors was offset by weakness in defensives. Nikkei 225 continued to rally and is up over 6% this week with gains helped by strong earnings from top-weighted Fast Retailing. Hang Seng and Shanghai Comp struggled for direction despite the latest Chinese trade data which either improved or topped forecasts although 2023 USD-denominated exports contracted for the first time since 2016, while the Chinese inflation figures were mixed but ultimately deflationary on a Y/Y basis. US equity futures (ES -0.2%) were contained after whipsawing post-CPI, while participants also await big bank earnings. European equity futures are indicative of a higher open with Euro Stoxx 50 future +0.7% after the cash market closed lower by 0.6% yesterday.

Top Asian News

China’s Customs said China’s 2023 exports and imports of goods are better than expected but noted complexity and uncertainty of the external environment are expected to rise in 2024, while it added more efforts are needed to improve China’s trade stabilisation in 2024.
Chinese Foreign Minister Wang Yi held a call with his Canadian counterpart and said the current difficult situation in China-Canada relations is not what China wants to see but added that China is open to contacts and dialogue with Canada. Wang noted the fundamental reason why relations have fallen to a low point in recent years is that there has been a serious deviation in Canada’s perception of China and he hopes the Canadian side will interpret China’s domestic and foreign policies objectively, rationally and correctly.
Japanese government is reportedly mulling issuing a deficit-covering bond worth JPY 500bln as a source of funding to double budget reserves to JPY 1tln for FY24 for earthquake relief, according to Reuters citing TV Tokyo.
BoJ policymakers see the economy making progress towards meeting the threshold for ending negative rates, though they are divided on how long they should wait, according to Reuters sources and recent BoJ minutes.
European Commission investigators are to visit Chinese EV names within China in the coming weeks, via Reuters citing sources; as part of a subsidies probe, could result in tariffs. BYD (1211 HK), Geely (0175 HK), SAIC (600104 CH).

European equities, Stoxx600 +0.8%, are firmer across the board, having started the session in the green and continue to build on strength throughout the session. European sectors have largely been dictated by geopolitics and the Burberry update; Industrials leads after the US and UK conducted a joint strike against Houthi targets. Luxury hampered by Burberry cutting guidance. Burberry (BRBY LN) -9.3% now expect FY results to be below the prior guidance. “The slowdown in luxury demand is having an impact on current trading”. Reminder; Richemont reports next Thursday. US equity futures are mixed with the NQ (-0.2%) incrementally lagging, paring back some of the mild outperformance seen yesterday; focus broadly on upcoming earnings metrics.

Top European News

Goldman Sachs cuts the UK’s 2024 GDP growth forecast to 0.5% (prev. 0.6%)

DXY is marginally firmer though within contained parameters of 102.17-40. USD in consolidation mode as CPI failed to have a lasting impact, PPI next.
EUR is steady vs. the USD with EUR/USD failing to breach 1.10 after printing a high of 1.0999 yesterday; a deluge of option expiries will be in focus 1.0920-25 (1.2BLN), 1.0940-50 (1.5BLN), 1.0975-80 (1.3BLN),1.0990-1.1000 (2.1BLN),1.1050-55 (2BLN).
JPY is lingering around the 145 mark as it looks for some respite from yesterday’s USD/JPY rally which took the pair to 146.41. JPY relatively unreactive to BoJ sources in which it sees the economy making progress towards criteria for ending negative rates.
Antipodeans are benefitting from the favourable risk environment. AUD/USD back on a 0.67 handle but chart formation still one of consolidation.
PBoC set USD/CNY mid-point at 7.1050 vs exp. 7.1592 (prev. 7.1087).
Peru Central Bank cut its reference rate by 25bps to 6.50%, as expected, while it stated the rate cut does not necessarily imply a cycle of successive reductions to the interest rate and that annual inflation is expected to reach the target range in the next months.

Fixed Income

USTs around unchanged in a narrow nine tick range ahead of PPI and Fed’s Kashkari (2026 Voter), though in the meantime US focus will likely be on the commencement of bank earnings; benchmarks dipped slightly following BoJ sources.
Bunds are bid despite more contained UST action, fleeting pressure around a JGB auction and a lessening of the magnitude of China’s deflation. Likely deriving support from the escalation in geopolitical tensions overnight between UK/US & Houthis.
Gilts were unreactive to November GDP and largely trading in tandem with core EGB peers. Inched above Thursday’s peak to a current 100.60 best, but nine ticks shy of the WTD best.

Commodities

Crude is markedly firmer as geopolitical risk premium continues to be woven in after yesterday’s events near the Strait of Hormuz, with reports overnight that the US and UK conducted a joint airstrike against Houthi rebel targets; Brent around USD 80.10/bbl, at session highs.
Precious metals post mild gains whilst the Dollar remains rangebound amid heightened geopolitical tensions in the Middle East; Base metals are mostly firmer with participants citing expectations of a rate cut in China to support the economy.

Geopolitics

US and UK conducted a joint strike against Houthi targets in Yemen which targeted Houthi radar, air defence sites, weapon storages and launch sites. US and allies released a joint statement that Yemen strikes were intended to disrupt and degrade the capabilities the Houthis use to threaten global trade, while their aim remains to de-escalate tensions and restore stability in the Red Sea but will not hesitate to defend lives and protect the free flow of commerce in one of the world’s most critical waterways in the face of continued threats.
US President Biden said US military forces together with the UK and with support from Australia, Bahrain, Canada and the Netherlands successfully conducted strikes against targets in Yemen used by Houthi rebels and the strikes were a direct response to Houthi attacks against international maritime vessels in the Red Sea, while he added that they will not hesitate to direct further measures.
US senior official said Houthi actions present a threat to the US and the entire world, while the official added there is no intent to escalate the situation after strikes on Houthi targets and that US and British forces in the Red Sea remain well prepared to defend themselves following the Yemen strikes. Furthermore, they believe Iran has been involved in every phase of Houthi attacks and that they hold Iran responsible for the role it has played in attacks against US forces.
Yemen’s Houthis spokesman said there is no justification for the US-UK attack on Yemen and the targeting of ships heading towards Israel will continue. It was also separately reported that Iran strongly condemned the US-UK attack against Houthis and said it is a violation of Yemen’s sovereignty and territorial integrity.
Russian letter to Security Council members considers the use of force in Yemen a violation of the UN Charter, while Russia requested a UN Security Council meeting regarding the US-UK strikes on Yemen.
Saudi Arabia said it so closely monitoring with great concern the air strikes on Yemen and it emphasises the importance of maintaining the security and stability of the Red Sea, while it called for restraint and avoiding escalation in light of the events taking place in the region.
US military said Iranian-backed Houthis fired an anti-ship ballistic missile into international shipping lanes in the Gulf of Aden on Thursday but there were no injuries or damage reported from the attack.
Houthis says “All US-British interests have become legitimate targets in response to aggression”, according to Sky News Arabia
US Secretary of State Blinken said the State Department is imposing sanctions on three Russian entities and one individual involved in the transfer and testing of North Korea’s ballistic missiles for Russia’s use against Ukraine.
China’s Military says they will always maintain the highest level of vigilance and “smash” any form of “Taiwan independence” separatist plot, according to the Chinese Defence Ministry

US Event Calendar

08:30: Dec. PPI Final Demand MoM, est. 0.1%, prior 0%
08:30: Dec. PPI Final Demand YoY, est. 1.3%, prior 0.9%
08:30: Dec. PPI Ex Food and Energy YoY, est. 2.0%, prior 2.0%
08:30: Dec. PPI Ex Food and Energy MoM, est. 0.2%, prior 0%

Central Bank Speakers

10:00: Fed’s Kashkari Speaks at Regional Economic Conditions Conference

DB’s Jim Reid concludes the overnight wrap

Geopolitical risks are in focus again for markets, as overnight the US and the UK carried out air strikes against the Houthi rebels in Yemen, which follows the Houthi attacks on commercial shipping in the Red Sea. In a statement from US President Biden, he said that he would “not hesitate to direct further measures to protect our people and the free flow of international commerce as necessary.” In response, oil prices have risen further overnight, with Brent Crude up +2.05% this morning to $79.00/bbl, which follows on from its +0.79% increase yesterday.

Clearly, the focus will now be on whether this might lead to any escalation in the Middle East, but for now the impact on asset prices more broadly has proven contained, and futures on the S&P 500 are only down -0.14% this morning. Nevertheless, several shipping stocks have advanced in Asia, and even before the strikes overnight, we’d already seen a significant rise in freight costs as a result of the attacks in the Red Sea. This was something we discussed in our CoTD yesterday (link here), since freight costs had already doubled from their levels in November, so this is an important story for global inflation more broadly.

Before the overnight news, yesterday had brought some interesting price action in markets after the latest US CPI print. On the one hand, the print delivered an upside surprise, which added to fears that getting inflation back to target will be bumpier than many hoped. But even as inflation breakevens moved higher, suggesting that investors are conscious of this risk, real yields fell back and we saw futures price in a growing chance that the Fed are set to cut rates as soon as March. Indeed, the probability of a cut by the March meeting is now up to 73% this morning, up from around 70% just before the CPI print. And the moves came despite comments from Cleveland Fed President Mester that March was “probably too early” for a rate cut. So this is going to set up an important few weeks when it comes to upcoming data releases, as the divergence between market pricing and commentary from Fed officials is raising questions as to whether markets are once again too confident about a dovish pivot from the Fed, which is a pattern we’ve seen multiple times over the last couple of years.

In terms of the details of that inflation print, monthly headline CPI was a tenth stronger than expected at +0.3%, which in turn pushed the year-on-year number up to +3.4%. Meanwhile for core CPI, it also came at +0.3% for the month, which was in line with expectations, but meant the year-on-year number only slowed by a tenth to +3.9% (vs. +3.8% expected). So the progress on disinflation is proving slower than hoped, and that’s also evident by just focusing on the last 6 months of data. For instance, on a 6-month annualised basis, core CPI was up from +2.9% to +3.2%, and headline CPI was up from +3.1% to +3.3%.

All that said, one of the factors pushing up inflation was shelter, which was running at +0.46% in December. But shelter takes up a much larger weight in the CPI index than it does in the PCE index, with the latter being the inflation measure that the Fed officially targets. We won’t get the PCE number for another couple of weeks, but in November it was already running at 2.6% year-on-year, half a point below the CPI print at 3.1%. With shelter inflation still running at elevated levels, it’s plausible that you could end up with a larger wedge between the two, with the PCE indicators looking better on a relative basis, which would offer the Fed greater justification to cut rates. As part of that, it’ll be worth looking out for today’s PPI reading, as some of the measures there will provide an indication about some of the larger components for core PCE, like healthcare and portfolio management.

Even with the upside surprise on the CPI, investors grew in confidence that the Fed are likely to cut rates soon, and yesterday saw the likelihood of a cut by March rise to 78% by the close (from 68% the day before). Similarly, the amount of cuts priced in by the December meeting actually went up by +14.0bps to 155bps, so that’s still a reasonably rapid pace of cuts for the year as a whole, and one that tends to be more consistent with what happens in a recession rather than continued growth. Indeed, we pointed out in Tuesday’s chart of the day (link here) that there’s historically been a high hurdle to cutting that much without a recession. The shift in pricing occurred despite Cleveland Fed President Mester saying that “I think March is probably too early in my estimate for a rate decline because I think we need to see some more evidence”. Later on though, others left the decision more open, with Richmond Fed President Barkin saying that he didn’t wish to “prejudge” a decision about March, whilst Chicago Fed President Goolsbee said that “I don’t like tying our hands”.

With investors still expecting near-term rate cuts, Treasuries rallied across the curve on the day, despite selling off initially after the CPI print. The 2yr yield fell -11.3bps on the day to 4.25%, having traded as high as 4.39% post-CPI. That was driven by lower real yields, however, as the 2yr inflation breakeven was actually up +2.7bps on the day to 2.15%, suggesting that the CPI print did have some impact on market expectations of inflation. Otherwise, the 10yr yield fell -6.2bps to 3.97%, with the 10yr inflation breakeven (+1.8bps) up to 2.24%. Over in Europe, yields on 10yr bunds (-0.8bps), OATs (-1.2bps) and BTPs (-3.8bps) all ended the day lower as well.

By contrast to the increased pricing of cuts in the US, the likelihood of March rate cut by the ECB inched down from 37% to 34% yesterday. This came amid comments from Croatia’s Vujcic, one of the more hawkish ECB voices, who said that he definitely wanted to see Q1 wage developments before considering rate cuts (which would effectively rule out a cut in March) and suggested that the market was optimistic on the timing of the first cut. In the evening, we heard from ECB President Lagarde who said that she “cannot give you a date” for rate cuts, adding that if data confirm the path of inflation back towards 2%, “then rates will start to decline as so as we have this certainty”.

Turning to equities, the US CPI report saw futures give up their initial gains, but there was a strong recovery over the US session, which meant the S&P 500 came back from an intraday low of -0.92%, to only close down -0.07%. That also leaves the index less than half a percent beneath its all-time closing high from January 2022. Small-cap stocks continued to struggle and the Russell 2000 (-0.75%) lost further ground. Meanwhile in Europe, where markets closed before the recovery later in the US session, the STOXX 600 (-0.77%) lost ground for a third consecutive day for the first time since October, which also left the index at its lowest in nearly a month.

Other data yesterday painted a resilient picture of the US economy, with the weekly initial jobless claims down to 202k (vs. 210k expected) over the week ending January 6. That’s their lowest level since October, and it also leaves the 4-week moving average at its lowest since October as well. Alongside that, the continuing claims for the week ending December 30 fell to 1.834m (vs. 1.87m expected), marking their lowest since October too.

Overnight in Asia, we’ve seen a mixed performance for equity markets, which comes as China’s consumer prices remained in deflationary territory. The latest CPI print showed prices fell by -0.3% year-on-year (vs. -0.4% expected), while the PPI reading came in at -2.7% (vs. -2.6% expected). Otherwise, equity markets have been mixed in Asia overnight, with the Hang Seng (-0.03%), the CSI 30 (-0.04%) and the Shanghai Comp (+0.09%) all broadly flat, whereas the Nikkei (+1.39%) is on track for its highest closing level since 1990. By contrast, the KOSPI is currently down -0.84% this morning, leaving it down -5.14% so far on a YTD basis.

To the day ahead now, and data releases include US PPI for December, along with UK GDP for November. From central banks, we’ll hear from the ECB’s Lane and the Fed’s Kashkari. Finally, there are several earnings releases today, including JPMorgan Chase, Citigroup, Bank of America and BlackRock.

2 B) NOW NEWSQUAWK (EUROPE/REPORT)

European bourses firmer, US mixed ahead of a deluge of earnings; Crude soars amid geopolitical tensions; US PPI due – Newsquawk US Market Open

FRIDAY, JAN 12, 2024 – 06:14 AM

European equities are markedly firmer with sectoral performance led by geopolitical tensions and a negative Burberry update; US mixed into bank earnings
US & UK conducted a joint strike against Houthi targets in Yemen, which has led to marked upside in Crude; Brent back above USD 80/bbl
Dollar is marginally firmer awaiting US PPI, Antipodeans firmer in-fitting with the risk tone
Treasuries are unchanged whilst EGBs are modestly firmer deriving support from escalated geopolitical tensions; slight pullback on BoJ sources
Looking ahead, US PPI, ECB’s Lane & Fed’s Kashkari, Earnings from JP Morgan, Wells Fargo, Citi, BofA & Delta Airlines.

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EUROPEAN TRADE

EQUITIES

European equities, Stoxx600 +0.8%, are firmer across the board, having started the session in the green and continue to build on strength throughout the session.
European sectors have largely been dictated by geopolitics and the Burberry update; Industrials leads after the US and UK conducted a joint strike against Houthi targets. Luxury hampered by Burberry cutting guidance.
Burberry (BRBY LN) -9.3% now expect FY results to be below the prior guidance. “The slowdown in luxury demand is having an impact on current trading“. Reminder; Richemont reports next Thursday.
US equity futures are mixed with the NQ (-0.2%) incrementally lagging, paring back some of the mild outperformance seen yesterday; focus broadly on upcoming earnings metrics.
UnitedHealth Group Inc (UNH) Q4 2023 (USD): adj. EPS 6.16 (exp. 5.98), Revenue 94.4bln (exp. 92.14bln). -0.2% pre-market
BlackRock Inc (BLK) Q4 2023 (USD): Adj. EPS 9.66 (exp. 8.84), Revenue 4.63bln (exp. 4.63bln). AUM 10.01tln (exp. 9.78tln); BlackRock to buy GIP for USD 3bln. Shares +0.9% after initial weakness of -0.7% pre-market (vs +0.2% pre-release)
Click here and here for the sessions European pre-market equity newsflow, including earnings.
Click here for more details.

FX

DXY is marginally firmer though within contained parameters of 102.17-40. USD in consolidation mode as CPI failed to have a lasting impact, PPI next.
EUR is steady vs. the USD with EUR/USD failing to breach 1.10 after printing a high of 1.0999 yesterday; a deluge of option expiries will be in focus 1.0920-25 (1.2BLN), 1.0940-50 (1.5BLN), 1.0975-80 (1.3BLN),1.0990-1.1000 (2.1BLN),1.1050-55 (2BLN).
JPY is lingering around the 145 mark as it looks for some respite from yesterday’s USD/JPY rally which took the pair to 146.41. JPY relatively unreactive to BoJ sources in which it sees the economy making progress towards criteria for ending negative rates.
Antipodeans are benefitting from the favourable risk environment. AUD/USD back on a 0.67 handle but chart formation still one of consolidation.
PBoC set USD/CNY mid-point at 7.1050 vs exp. 7.1592 (prev. 7.1087).
Peru Central Bank cut its reference rate by 25bps to 6.50%, as expected, while it stated the rate cut does not necessarily imply a cycle of successive reductions to the interest rate and that annual inflation is expected to reach the target range in the next months.
Click here for more details.
Click here for the Option Expires for the NY Cut.

FIXED INCOME

USTs around unchanged in a narrow nine tick range ahead of PPI and Fed’s Kashkari (2026 Voter), though in the meantime US focus will likely be on the commencement of bank earnings; benchmarks dipped slightly following BoJ sources.
Bunds are bid despite more contained UST action, fleeting pressure around a JGB auction and a lessening of the magnitude of China’s deflation. Likely deriving support from the escalation in geopolitical tensions overnight between UK/US & Houthis.
Gilts were unreactive to November GDP and largely trading in tandem with core EGB peers. Inched above Thursday’s peak to a current 100.60 best, but nine ticks shy of the WTD best.
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COMMODITIES

Crude is markedly firmer as geopolitical risk premium continues to be woven in after yesterday’s events near the Strait of Hormuz, with reports overnight that the US and UK conducted a joint airstrike against Houthi rebel targets; Brent around USD 80.10/bbl, at session highs.
Precious metals post mild gains whilst the Dollar remains rangebound amid heightened geopolitical tensions in the Middle East; Base metals are mostly firmer with participants citing expectations of a rate cut in China to support the economy.
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NOTABLE EUROPEAN HEADLINES

Goldman Sachs cuts the UK’s 2024 GDP growth forecast to 0.5% (prev. 0.6%)

DATA RECAP

UK GDP Estimate MM (Nov) 0.30% vs. Exp. 0.20% (Prev. -0.30%); GDP Est 3M/3M (Nov) -0.20% vs. Exp. -0.10% (Prev. 0.00%); GDP Estimate YY (Nov) 0.20% vs. Exp. 0.20% (Prev. 0.30%, Rev. -0.10%)
UK Goods Trade Bal. Non-EU (Nov) -2.838B GB (Prev. -4.828B GB, Rev. -3.919B GB); Goods Trade Balance GBP (Nov) -14.189B GB vs. Exp. -15.7B GB (Prev. -17.032B GB, Rev. -15.936B GB)
UK Construction O/P Vol YY (Nov) 0.9% vs. Exp. 1.3% (Prev. 1.1%, Rev. 1.3%); Construction O/P Vol MM (Nov) -0.2% vs. Exp. 0.2% (Prev. -0.5%, Rev. -0.4%)
UK Industrial Output MM (Nov) 0.3% vs. Exp. 0.3% (Prev. -0.8%, Rev. -1.3%); Industrial Output YY (Nov) -0.1% vs. Exp. 0.7% (Prev. 0.4%, Rev. -0.5%)
UK Manufacturing Output MM (Nov) 0.4% vs. Exp. 0.3% (Prev. -1.1%, Rev. -1.2%); Manufacturing Output YY (Nov) 1.3% vs. Exp. 1.7% (Prev. 0.8%, Rev. 0.2%)
UK Services MM (Nov) 0.40% vs. Exp. 0.20% (Prev. -0.20%, Rev. -0.10%); Services YY (Nov) 0.10% vs. Exp. 0.10% (Prev. 0.20%, Rev. -0.20%)
French CPI (EU Norm) Final YY (Dec) 4.1% vs. Exp. 4.1% (Prev. 4.1%); CPI (EU Norm) Final MM (Dec) 0.1% vs. Exp. 0.1% (Prev. 0.1%)
Spanish HICP Final YY (Dec) 3.3% vs. Exp. 3.3% (Prev. 3.3%); CPI YY Final NSA (Dec) 3.1% vs. Exp. 3.1% (Prev. 3.1%)

NOTABLE US HEADLINES

5.9 magnitude earthquake reported in south-eastern Alaska
Apple (AAPL) directors Al Gore and James Bell are to retire; Wanda Austin is to join board of directors
Disney (DIS) CEO Iger has talked about Pixar making less content and Pixar has yet to determine how many employees will lose their jobs although no layoffs are imminent, according to a source

US/UK strikes on Houthi targets

US and UK conducted a joint strike against Houthi targets in Yemen which targeted Houthi radar, air defence sites, weapon storages and launch sites. US and allies released a joint statement that Yemen strikes were intended to disrupt and degrade the capabilities the Houthis use to threaten global trade, while their aim remains to de-escalate tensions and restore stability in the Red Sea but will not hesitate to defend lives and protect the free flow of commerce in one of the world’s most critical waterways in the face of continued threats.
US President Biden said US military forces together with the UK and with support from Australia, Bahrain, Canada and the Netherlands successfully conducted strikes against targets in Yemen used by Houthi rebels and the strikes were a direct response to Houthi attacks against international maritime vessels in the Red Sea, while he added that they will not hesitate to direct further measures.
US senior official said Houthi actions present a threat to the US and the entire world, while the official added there is no intent to escalate the situation after strikes on Houthi targets and that US and British forces in the Red Sea remain well prepared to defend themselves following the Yemen strikes. Furthermore, they believe Iran has been involved in every phase of Houthi attacks and that they hold Iran responsible for the role it has played in attacks against US forces.
Yemen’s Houthis spokesman said there is no justification for the US-UK attack on Yemen and the targeting of ships heading towards Israel will continue. It was also separately reported that Iran strongly condemned the US-UK attack against Houthis and said it is a violation of Yemen’s sovereignty and territorial integrity.
Russian letter to Security Council members considers the use of force in Yemen a violation of the UN Charter, while Russia requested a UN Security Council meeting regarding the US-UK strikes on Yemen.
Saudi Arabia said it so closely monitoring with great concern the air strikes on Yemen and it emphasises the importance of maintaining the security and stability of the Red Sea, while it called for restraint and avoiding escalation in light of the events taking place in the region.
US military said Iranian-backed Houthis fired an anti-ship ballistic missile into international shipping lanes in the Gulf of Aden on Thursday but there were no injuries or damage reported from the attack.
Houthis says “All US-British interests have become legitimate targets in response to aggression”, according to Sky News Arabia

GEOPOLITICS

US Secretary of State Blinken said the State Department is imposing sanctions on three Russian entities and one individual involved in the transfer and testing of North Korea’s ballistic missiles for Russia’s use against Ukraine.
China’s Military says they will always maintain the highest level of vigilance and “smash” any form of “Taiwan independence” separatist plot, according to the Chinese Defence Ministry

CRYPTO

Bitcoin, -0.5%, takes a breather and holds just shy of USD 46k, whilst Ethereum, +0.5%, continues to build on the prior day’s advances.

APAC TRADE

APAC stocks traded mixed with the major indices mostly rangebound alongside geopolitical concerns after the US and UK conducted joint strikes on Houthi targets, while participants also digested Chinese inflation and trade data.
ASX 200 was subdued as strength in commodity-related sectors was offset by weakness in defensives.
Nikkei 225 continued to rally and is up over 6% this week with gains helped by strong earnings from top-weighted Fast Retailing.
Hang Seng and Shanghai Comp struggled for direction despite the latest Chinese trade data which either improved or topped forecasts although 2023 USD-denominated exports contracted for the first time since 2016, while the Chinese inflation figures were mixed but ultimately deflationary on a Y/Y basis.
US equity futures (ES -0.2%) were contained after whipsawing post-CPI, while participants also await big bank earnings.
European equity futures are indicative of a higher open with Euro Stoxx 50 future +0.7% after the cash market closed lower by 0.6% yesterday.

NOTABLE HEADLINES

China’s Customs said China’s 2023 exports and imports of goods are better than expected but noted complexity and uncertainty of the external environment are expected to rise in 2024, while it added more efforts are needed to improve China’s trade stabilisation in 2024.
Chinese Foreign Minister Wang Yi held a call with his Canadian counterpart and said the current difficult situation in China-Canada relations is not what China wants to see but added that China is open to contacts and dialogue with Canada. Wang noted the fundamental reason why relations have fallen to a low point in recent years is that there has been a serious deviation in Canada’s perception of China and he hopes the Canadian side will interpret China’s domestic and foreign policies objectively, rationally and correctly.
Japanese government is reportedly mulling issuing a deficit-covering bond worth JPY 500bln as a source of funding to double budget reserves to JPY 1tln for FY24 for earthquake relief, according to Reuters citing TV Tokyo.
BoJ policymakers see the economy making progress towards meeting the threshold for ending negative rates, though they are divided on how long they should wait, according to Reuters sources and recent BoJ minutes.
European Commission investigators are to visit Chinese EV names within China in the coming weeks, via Reuters citing sources; as part of a subsidies probe, could result in tariffs. BYD (1211 HK), Geely (0175 HK), SAIC (600104 CH).

DATA RECAP

Chinese CPI MM (Dec) 0.1% vs. Exp. 0.2% (Prev. -0.5%); CPI YY (Dec) -0.3% vs. Exp. -0.4% (Prev. -0.5%); PPI YY (Dec) -2.7% vs. Exp. -2.6% (Prev. -3.0%)
Chinese Trade Balance (USD)(Dec) 75.3B vs. Exp. 74.8B (Prev. 68.4B); Exports YY (USD)(Dec) 2.3% vs. Exp. 1.7% (Prev. 0.5%); Imports YY (USD)(Dec) 0.2% vs. Exp. 0.3% (Prev. -0.6%)
Chinese Trade Balance (CNY)(Dec) 540.9B (Prev. 490.8B); Exports YY (CNY)(Dec) 3.8% (Prev. 1.7%); Imports YY (CNY)(Dec) 1.6% (Prev. 0.6%)
China Aggregate Financing (Dec): CNY 1.94tln (exp. 2.16tln)

2C ASIA AFFAIRS

FRIDAY MORNING/THURSDAY NIGHT

2 d./NORTH KOREA/ SOUTH KOREA/

NORTH KOREA/SOUTH KOREA

END

2e) JAPAN

JAPAN

3 CHINA

CHINA

end

4.EUROPEAN AFFAIRS//UK /SCANDINAVIAN AFFAIRS

GERMANY

Looks like the secret plan of the Afd party: deport millions of foreigners from Germany

(zerohedge)

AfD Bundestag Member Vows To Deport Foreigners From Germany “By The Millions”

FRIDAY, JAN 12, 2024 – 06:30 AM

Authored by Paul Joseph Watson via Modernity.news,

AfD Bundestag member René Springer has promised to deport foreigners from Germany “by the millions” as his party just hit a new high in approval polls.

Springer made the comments in a post on X in response to a media narrative that the AfD has a secret plan to expel migrants.

The politician asserted that the so-called “plan” wasn’t secret at all.

“We will return foreigners to their homeland. By the millions,” he wrote. “This is not a secret plan. This is a promise. For more security. For more justice. To preserve our identity. For Germany.”

Angela Merkel’s decision to accept over a million “refugees” from 2015 onwards led to the country experiencing a significant spike in crime and social disorder.

As we previously highlighted, a shop owner in Germany was denounced as a racist last month for complaining about migrants mass looting his store, while a left-wing politician sided with the criminals, saying they were “entitled” to steal.

The consequences have led to Germany becoming the latest major European nation to begin openly talking about re-migration.

However, the political establishment in Germany is attempting to ban AfD as a political entity entirely, ludicrously, in the name of ‘protecting democracy,’ even as support for the right-wing party continues to grow.

Emphasizing the popularity of AfD’s policies on mass migration, the party just hit a new record high on 24% in support amongst German voters.

* * *

Your support is crucial in helping us defeat mass censorship. Please consider donating via Locals or check out our unique merch. Follow us on X @ModernityNews

end

SLOVAKIA/EU, UKRAINE VS RUSSIA

this politician got it right; the war with Russia was futile and a waste of human resources and money

(zerohedge)

“Futile Waste Of Human Resources & Money” – EU PM Says West Got Ukraine All Wrong

FRIDAY, JAN 12, 2024 – 02:45 AM

A lone outlier and rare voice of dissent to come out of the generally staunchly pro-Ukraine central and eastern European countries has been Slovakian Prime Minister Robert Fico. He has stirred the pot again and caused outrage among fellow government officials after penning an op-ed this week wherein he slammed the West for getting Ukraine wrong all along.

What’s more is that the op-ed published by Slovak newspaper Pravda.sk on Tuesday was issued at the very moment President Zelensky has been touring nearby Baltic countries while urging more weapons and support as the “arms warehouses are empty”, supposedly. Fico is a member of the left Smer party in Slovakia and has pointed out that NATO leaders and the US have “repeatedly erred in assessing” the real state of the war.

He articulated that it’s largely the false “black-and-white vision” of the war, a simplistic narrative “desired in Washington or Brussels,” which has resulted in blunder after blunder, and greater suffering for all during an unnecessarily protracted conflict. Fico described the now proxy war as a “futile waste of human resources and money” that the Western allies got painfully wrong.

Fico said the Russian invasion was the result of a negative domino effect of events going back to 2014, when Washington asserted its influence in Kiev.

“Russia responded to the security situation and Ukraine’s pressure to join NATO by violating international law, using military force without an international mandate,” Fico wrote. “Big countries often do that, let’s see what the US accomplished in Iraq.”

“And the West, instead of immediately making every effort to achieve a quick ceasefire, at the beginning of 2022 without even losing a tenth to Ukraine, made a huge mistake,” he continued. “[The West] incorrectly evaluated the use of Russian military force as an opportunity to bring Russia to its knees.”

Indeed, US officials themselves have made similar statements over the ‘opportunity’ they see in the conflict. For example Defense Secretary Lloyd Austin famously said the US goal is to “weaken” Russia under Putin.

Fico’s op-ed also spoke to the futility of seeking to pump more billions and advanced weapons into Kiev (also amid the EU seeking 50BN euros, which was held up by Hungary). His words suggest it’s game over and that nothing will change regardless of EU and US policy:

Russia completely controls the occupied territories militarily, Ukraine is not capable of any meaningful military counter-offensive, [and] it has become completely dependent on financial aid from the West with unforeseeable consequences for Ukrainians in the years to come,” he explained.

“The position of the Ukrainian president is shaken, while the Russian president increases and strengthens his political support,” Fico continued, pointing out that “neither the Russian economy nor the Russian currency collapsed, [and] anti-Russian sanctions have increased the internal self-sufficiency of this huge country.”

There are other recent signs that Fico’s assessment is accurate, such as the following…

During his tour of Baltic allies Lithuania, Latvia and Estonia, Zelensky had complained that his armed forces are “sorely lacking” in advanced anti-air technology, also at a moment Russia has increased missile and drone attacks on Ukrainian cities in response to Ukrainian cross-border attacks on Belgorod.

Kiev has already in the last months been signaling the world that it is ready to blame Washington if it loses the war (which already looks like the outcome), given Biden’s planned over $60 billion in Ukraine defense aid was held up by GOP members of Congress. But maybe the West should listen to the populist Slovak PM Fico.

END

Farmers across many EU nations are revolting as many remove subsidies. These subsidies are for “climate change” and that

has angered many of our farmers that produce the food we eat

(Butler/Fortune and Freedom.com)

The EU’s Worst-Nightmare: Pitchforks!

FRIDAY, JAN 12, 2024 – 02:00 AM

Authored by John Butler via FortuneAndFreedom.com,

Farmers are revolting in Germany and neighbouring countries
Populist parties continue to rise in the polls
The EU may not survive in its current form

I recently wrote about what has become a global, populist political phenomenon.

Citizens of multiple countries, in both hemispheres, are not only voting for populist candidates but are also working outside their entrenched political establishments to either enact desired changes or oppose undesired ones.

The latter has been in focus this week as German farmers travelled to Berlin and other cities to blockade the roads in protest at the removal of certain subsidies considered noncompliant with official climate policies. Although not well reported in the British media, in the continental media, the protests made the front page.

Farm subsidies have existed all across Europe ever since the EU was founded. Affordable and available basic food was considered – and still is – a matter of national security. And since European farmers are not always as competitive as those elsewhere, subsidies were deemed required to keep them in business.

No longer. Apparently, climate goals now trump food security and affordability. And so the subsidies are to be ended, rendering farmers less competitive and possibly forcing some into bankruptcy.

As has been true throughout modern European history, the progressive Dutch were among the first to revolt against what they perceived as oppressive rules handed down from above. Farmers blockaded multiple cities and motorways in response to proposed nitrogen (fertiliser) quotas. More recently, the Dutch gave the largest portion of seats in the Tweede Kamer – their equivalent of the House of Commons – to the populist party of Geert Wilders.

Now farmers in Germany, the EU’s largest, wealthiest country, and largest net contributor to the EU budget, have joined the fray. They, in turn, have been joined by farmers in neighbouring Poland, Hungary and Austria. HGV drivers, many of whom supply farms with fertilisers and other essentials and in turn deliver produce from farm to table.

The pitchforks have come out, as it were.

As it happens, the UK also has a venerable populist tradition. In 1381, there was the so-called “Peasants Revolt” led by Wat Tyler. It began in Brentwood, Essex, with a dispute over unpaid taxes and rapidly spread to engulf much of southeast England. London was sacked, and many prominent buildings were set on fire. These included the Tower of London, in which Richard II’s lord chancellor and lord high treasurer were discovered by the rebels and summarily killed.

By comparison, today’s EU farmers are rather restrained in their actions. But they have laid down a populist political gauntlet of sorts. The common agricultural policy has been the backbone of the EU for decades. The perceived common interest of farmers has functioned as a form of political “cement” to hold the European project together and provide a base on which to build further integration into other industries.

Having been pushed too far, the farmers are now threatening to undermine the entire European project with support for populist and, in some cases, outright anti-EU parties. Recent polls suggest that, in eastern Germany, Alternative für Deutschland (AfD) is the leading political party.

Brussels has yet to voice any specific concerns about the matter. Perhaps they see these developments as just storms in teacups.

Ensconced in their modern glass and steel palaces, they might even ponder whether, if European food security and affordability are compromised in pursuit of their lofty climate goals, they should just let their peasants eat cake instead.

END

5 RUSSIA//UKRAINE AND MIDDLE EASTERN AFFAIRS

LEBANON/ISRAEL

/USA//IRAQ/IRANIAN BACKED MILITANTS

Last night: sirens heard at USA embassy in Iraq

(JERUSALEM POST)

Sirens heard at US Embassy in Iraq – report

The event came within a half hour of reports that the United States and Britain had begun striking Houthi targets in Yemen, and if it was indeed an attack, it was presumably an act of retaliation.

By MAARIV ONLINE, JERUSALEM POST STAFFJANUARY 12, 2024 02:10Updated: JANUARY 12, 2024 03:22

An Iraqi woman walks along a street during high temperatures in Baghdad, Iraq, July 20, 2022.(photo credit: REUTERS/SABA KAREEM)

Sirens were heard at the US Embassy in Iraq Thursday night, according to reports on social media.

Reports of a bomb, shared at about 02:00 Israel time in The Jerusalem Post‘s sister publication Maariv, could not be confirmed as of later that night.

The reports came after the US and Britain struck dozens of targets across Yemen, according to some reports, ranging from training bases to drone facilities.

Supporters of Yemen's Houthis hold a poster of the top Houthi leader Abdul-Malik Badruddin al-Houthi during a rally in Sanaa in September 2021. (credit: REUTERS) Supporters of Yemen’s Houthis hold a poster of the top Houthi leader Abdul-Malik Badruddin al-Houthi during a rally in Sanaa in September 2021. (credit: REUTERS)

Iranian-backed groups had warned they would respond to attacks on Houthis

It was believed to be the first time the United States had struck the Houthis since 2016, following months of attacks by the Iranian-backed rebel group against ships in the Red Sea that the group considered linked to Israel.

Reliable information on the events in Iraq was sparse, but the preliminary reports came after a previous warning by Iranian-backed militia groups in Iraq that they would attack an American base with “everything in [their] power” should the US hit Houthi targets.

END

After many months of hits by the Houthis, USA , Gr Britain and other countries support the bombing of Yemen

(Reuters)

YEMEN/HOUTHIS/GR BRITAIN/USA//LAST NIGHT

(REUTERS)

A) US, UK carrying out strikes against Houthi targets in Yemen — officials

By REUTERS

An alleged US-UK strike on Houthi rebel sites in Yemen on January 12, 2024. (Screen capture/X)

The United States and Britain have started carrying out strikes against targets linked to the Houthis in Yemen for the first time since Iran-backed group started targeting international shipping in the Red Sea after Hamas’s October 7 terror onslaught against Israel.

“American-Zionist-British aggression against Yemen launches several raids on the capital, Sanaa, Hodeidah governorate, Saada, and Dhamar,” Houthi official Abdul Qader al-Mortada says on X.

A US official says the strikes were carried out from aircrafts, ships and a submarine.

The Houthis, who control most of Yemen, have been targeting Red Sea shipping routes to show their support for Hamas. The attacks have disrupted international commerce on the key route between Europe and Asia that accounts for about 15% of the world’s shipping traffic.

https://twitter.com/Joyce_Karam/status/1745596258864058651?s=20

These are believed to be the first strikes the United States has carried out against the Houthis in Yemen since 2016.

Four US officials, speaking on the condition of anonymity, say a formal statement is soon expected to detail the strikes.

Earlier today, the Houthi’s leader said any US attack on the group would not go without a response.

The Houthis, who seized much of Yemen in a civil war, have vowed to attack ships linked to Israel or bound for Israeli ports. However, many of the targeted ships have had no links to Israel.

The US military said earlier today that Houthis fired an anti-ship ballistic missile into international shipping lanes in the Gulf of Aden, the 27th attack by the group since Nov. 19.

end

TIMES OF ISRAEL

same story as above:

US, UK airstrikes pound Yemen for first time after weeks of Houthi Red Sea attacks

US official says Iran is primary enabler of rebel group responsible for post-October 7 maritime disruptions; Houthi official vows retaliation, as fears of regional escalation grow

A strike on Houthi rebel sites in Yemen on January 12, 2024. (Screen capture/X)

SANAA, Yemen — Heavy US and British airstrikes pounded targets in Houthi-controlled areas of Yemen early Friday after weeks of disruptive attacks on Red Sea shipping by the Iran-backed rebel forces

The strikes targeted an airbase, airports and a military camp, the Houthi rebels’ Al-Masirah TV station said.US Defense Secretary Lloyd Austin, who is in hospital due to surgery complications, said in a statement that the strikes targeted Houthi capabilities including drones, ballistic and cruise missiles, costal radar and air surveillance.unverified images on social media, some of them purportedly of Al-Dailami airbase north of Sanaa, showed explosions lighting up the sky as loud bangs and the roar of planes sounded.“Our country was subjected to a massive aggressive attack by American and British ships, submarines and warplanes,” Houthi Deputy Foreign Minister Hussein Al-Ezzi said, according to official rebel media.“America and Britain will have to prepare to pay a heavy price and bear all the dire consequences of this blatant aggression,” he added.US President Joe Biden called the US and British strikes a “defensive action” after the Red Sea attacks and said he “will not hesitate” to order further military action if neededThe strikes involved fighter jets and Tomahawk missiles, several US media outlets said. US officials did not immediately confirm the reports when contacted by AFP.“Today, at my direction, US military forces — together with the United Kingdom and with support from Australia, Bahrain, Canada, and the Netherlands -— successfully conducted strikes against a number of targets in Yemen used by Houthi rebels to endanger freedom of navigation in one of the world’s most vital waterways,” Biden said in a statement, using an alternate spelling of Houthi.He called the strikes a “direct response” to “unprecedented” attacks by the Houthis, “including the use of anti-ship ballistic missiles for the first time in history.”“These attacks have endangered US personnel, civilian mariners, and our partners, jeopardized trade, and threatened freedom of navigation,” he said.“I will not hesitate to direct further measures to protect our people and the free flow of international commerce as necessary.”Britain’s Prime Minister Rishi Sunak, left, and US President Joe Biden speak at the start of the meeting of the North Atlantic Council (NAC) during the NATO Summit in Vilnius, Lithuania, July 11, 2023. (Paul Ellis/Pool Photo via AP, File)

Saudi’s ‘great concern’

The strikes were “necessary and proportionate,” UK Prime Minister Rishi Sunak said in a statement.A joint statement by the US, Britain, Australia, Bahrain, Canada, Denmark, Germany, Netherlands, New Zealand and South Korea said the “aim remains to de-escalate tensions and restore stability in the Red Sea.”“But let our message be clear: we will not hesitate to defend lives and protect the free flow of commerce in one of the world’s most critical waterways in the face of continued threats,” it said.Neighboring Saudi Arabia, which is trying to end its involvement in a nine-year war with the Houthis, urged against escalation.“The Kingdom of Saudi Arabia is following with great concern the military operations,” a foreign ministry statement said, calling for “self-restraint and avoiding escalation.”The Houthis have carried out a growing number of attacks on what they deem to be Israel-linked shipping on the key international route since Hamas’s October 7 terror onslaught, describing the attacks as demonstrations of solidarity with the terror group.In this image provided by the US Navy, the amphibious dock landing ship USS Carter Hall and amphibious assault ship USS Bataan transit the Bab al-Mandeb strait on Aug. 9, 2023. (Mass Communications Spc. 2nd Class Moises Sandoval/U.S. Navy via AP)In his statement, Biden said that on Tuesday the Houthis “launched their largest attack to date — directly targeting American ships.”The Western strikes risk turning an already-tense situation in the Middle East into a wider conflagration pitting the United States and Israel against Iran and its regional proxies.The Houthi rebels say they are acting in response to Israel’s counter-terror offensive in Gaza and have also launched a series of drones and missiles towards Israel.The group has controlled a major part of Yemen since a civil war erupted there in 2014, and is part of the Iran-backed “axis of resistance” arrayed against Israel.A US official briefing reporters after the airstrikes said Iran has been the Houthis’ “primary enabler” and has been “involved operationally” in the rebel group’s recent spate of attacks.“They’ve provided the Houthis the very capabilities used to conduct these attacks,” the US official said.Regarding consequences for Iran, the US official pointed to an ongoing “deep pressure campaign” targeting Tehran for its support of malign actors in the region but declined to offer specifics.“Suffice it to say that we do hold Iran responsible for the role that [it] has played with the Houthis and with the other groups in the region that have conducted attacks against US forces and made (Tehran) aware of that.

‘Consequences’

The United States and its allies had issued a series of increasingly stern warnings to the Houthis to stop the shipping attacks, although Washington has been cautious about the risks of further inflaming regional tensions.Washington set up an international coalition in December — dubbed Operation Prosperity Guardian — to protect maritime traffic in the area, through which 12 percent of world trade flows.Twelve nations led by the United States later warned the Houthis on January 3 of “consequences” unless they immediately stopped attacks on commercial vessels.But late Tuesday the Houthis launched what London called the most significant attack yet by the Yemeni rebels, with US and British forces shooting down 18 drones and three missiles.In this photo provided by the United Kingdom Ministry of Defence on Wednesday, Jan. 10, 2024, taken from the bridge of HMS Diamond, Sea Viper missiles are fired in the Red Sea. UK Ministry of Defence via AP)The final straw for the Western allies appeared to come early Thursday when the US military said the Houthis fired an anti-ship ballistic missile into a shipping lane in the Gulf of Aden.It was the 27th attack on international shipping in the Red Sea since November 19, the US military said.The intensifying attacks have caused shipping companies to divert around South Africa’s Cape of Good Hope, sparking fears of a shock to the global economy.The United States strengthened its military posture in the region immediately after the October 7 terror attacks on Israel, which left over 1,200 dead and some 240 taken hostage into Gaza. Washington subsequently warned Iran and its allies not to escalate the situation.The Biden administration was initially cautious in its response as it is seeking to preserve a fragile peace in Yemen, where a decade of civil war and a Saudi-led coalition’s military campaign have led to one of the world’s worst humanitarian crises in the Arabian peninsula’s poorest country.

Times of Israel staff contributed to this report.

B) JERUSALEM POST/LAST NIGHT

Strikes against Houthis carried out by planes, ships, and submarines

By JERUSALEM POST STAFF

American and British attacks on Houthi targets inside Yemen Thursday night were being carried out not only from the air, but also from ships and submarines, a US official told Reuters.

c) RESPONSE

Iran-backed militias in Iraq: if Yemen is attacked, we will hit an American base

By MAARIV ONLINE, JERUSALEM POST STAFFJANUARY 12, 2024 00:37

The Islamic Resistance in Iraq, a group of Iranian-backed militias, said in a statement Thursday night that if Yemen is attacked, “we will attack the Americans’ base with everything in our power.”

The statement came amid reports that the United States and Britain were likely to strike Houthi targets.

END

CNN UPDATES/LAST NIGHT

The Middle East is on edge after US and UK strikes on Yemen’s Houthis. Here’s what we know

From CNN staff

The US and UK militaries launched strikes against multiple Houthi targets in Yemen on Thursday.

It marks a significant response after the US and its allies warned the Iran-backed militant group it would bear the consequences of repeated drone and missile attacks on commercial shipping in the Red Sea, which the Houthis say are revenge against Israel for its military campaign in Gaza.

The strikes come after the United Nations Security Council on Wednesday approved a resolution calling on the Houthis to “cease its brazen” attacks in the commercially vital waterway.

Though the US has carried out strikes against Iranian proxies in Iraq and Syria since the outbreak of the war in Gaza, this marks the first known strike against the Houthis in Yemen. They come at a time of huge tension in the Middle East as the US looks to ensure the war in Gaza does not spill out into the wider region.

Here’s what we know:

Gaza War Expands As US, UK Warplanes Bomb Houthi Strongholds In Yemen

FRIDAY, JAN 12, 2024 – 06:01 AM

Update(1840): Reuters and VOA are reporting that US and UK warplanes have begin striking Houthi targets in Yemen, in what marks the first major regional expansion of the Gaza war. According to Politico:

The U.S. and U.K, with support from Australia, the Netherlands, Bahrain, and Canada, conducted joint strikes tonight against Houthi targets in Yemen, per DOD official. Strikes involved U.S. aircraft, ships and submarines.

The Telegraph has also reported British fighters and ships are participating in the military action against the Houthis. There are incoming reports of large airstrikes in major Yemeni cities. Unverified videos have begun coming in via social media. The below video is unconfirmed at this early stage:

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One Mideast correspondent remarks that “we have gone from US prioritizing an end to war in Yemen to US getting involved against rebels in control of Yemen. Regional ramifications of both Yemen and Gaza wars on full display, with heavy toll on trade, maritime navigation.”

Al Arabiya has reported that there are “Violent air strikes on the vicinity of Hodeidah city” and Sanaa has also been bombed.

There are emerging reports that US bases in Iraq may be coming under attack. Also, the Houthis say they are hitting back against Western warships in the Red Sea.

Like pretty much all of America’s last twenty something years of the ‘war on terror,’ Congress has been sidelined once again…

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Meanwhile…

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Update(1730ET): It begins… and a White House statement is also expected imminently:

UK’S SUNAK AUTHORIZES JOINT MILITARY STRIKES AGAINST HOUTHIS

And the Times (UK) reported an hour ago:

Britain expected to join U.S in carrying airstrikes on Houthi military positions in Yemen on Thursday night — Times

The Houthis have said they are not scared of US and UK threats. While the US does not confirm future military operations before they happen, Reuters has the following details from the British side:

Britain is expected to join the United States in conducting air strikes on military positions belonging to the Iran-backed Houthis in Yemen “within hours”, the political editor for the Times newspaper reported on Thursday.

British Prime Minister Rishi Sunak’s Downing Street office did not respond to a request from Reuters for comment, while the Pentagon and the White House each declined to comment on the report.

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Western coalition fighter jets reportedly airborne…

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* * *

Update(1710ET): The administration is expected to imminently launch airstrikes against Yemen’s Iran-backed Houthis following the repeat attacks on both commercial shipping and US and coalition warships in the Red Sea.

Breaking reports say strikes are expected “shortly” – however, there’s been some confusion and contradictory statements over whether President Biden will given an address. Choreographed statements are expected from the UK and other international allies as well.

Yemeni military sources have warned that “Any attack carried out by the UK on Yemen, will be met with harsh & “painful strikes on all British bases, battleships, ships and navigation” a threat that’s been extended to the US as well.

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* * *

Chatter and rumors are growing on reports that the Western coalition is cobbling together a plan to go on the offensive against continuing Houthi attacks in the Red Sea… “If approved in the emergency UK cabinet meeting tonight, the military action will be in partnership with the US against Houthi forces in Yemen,” journalist Halah Jaber, formerly of the Sunday Times, has reported on X.

Additionally, al-Arabiya has reported Thursday afternoon that the US military is “stepping up its contingency plans for a response to Yemen’s Houthis in the near future” while also noting that Washington’s “multiple warnings” have failed to stop the attacks.

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So far there’s been a lot of empty threats and posturing from Western defense leaders, but after at least 25 significant missile and drone attack incidents against commercial vessels and shipping lanes in the Red Sea, there’s yet to be one instance of US or UK or other coalition warships hitting back directly against Houthi launch positions.

As predicted, the Iran-aligned Houthis have only grown bolder:

The leader of Yemen’s Houthi militia vowed on Thursday to intensify assaults on ships in the Red Sea, Bab El-Mandab, and the Gulf of Aden, only hours after the UN Security Council passed a resolution requesting the Houthis to stop their attacks.

The Houthis have boldly and proudly owned up to directly targeting at least one US Navy warship, and are now vowing more:

And he reiterated threats to attack US Navy vessels more forcefully if they targeted his forces. “The retaliation to any American strike will not only be at the level of the current operation, which included more than 24 drones and multiple missiles, but will be larger,” Al-Houthi added.

The referenced Tuesday night attack was the biggest thus far of the war (since Oct.7), and the Houthis said they were specifically trying to hit a US warship amid the barrage of projectiles that also included drones.

Meanwhile a fresh op-ed in The Guardian underscores that the Houthis have already called the West’s bluff regarding to weakness that is ‘Operation Prosperity Guardian’:

But the

Fresh Attack On US Base At Syrian Oilfield After Coalition Bombs Yemen: Reports

FRIDAY, JAN 12, 2024 – 11:00 AM

Emerging reports in Iranian state media and from Iraqi and Russian sources have indicated the US base at Syria’s Conoco oilfield in northeast Syria has come under fresh attack on Friday.

Additionally Sputnik’s regional correspondent has cited a series of violent explosions at the US outpost. The statement, though unconfirmed in other international sources, said the “American air defenses tried to confront the missile attack with their ground and air anti-aircraft weapons, to no avail… the American occupation army’s air force and helicopters, in the meantime, began flying over the skies of the towns surrounding its bases.”

Iranian state IRNA said “the US military base has come under attacks by the Iraqi resistance groups in response to the Washington-backed Israeli war crimes in Gaza Strip” on Friday.

Overnight, the US and UK launched a major assault on Iran-linked Houthis in Yemen, related to the Red Sea shipping crisis, and American bases in the regions are now bracing for a response from Tehran-backed militants.

Beirut-based media outlet The Cradle says that although Iraqi militia sources have yet to confirm the new operation targeting Conoco, “The attack comes just days after US forces carried out live drills near the Conoco base, aimed at training for potential attacks on the facility.”

There are other significant rumors that additional bases in the region could be facing hostile fire, but nothing has been verified from the Pentagon or US Central Command at this early stage.

But what has been confirmed is the recent soaring number of attacks, according Military Times:

U.S. troops deployed to Iraq and Syria have come under attack from Iran-backed militias 130 times since Oct. 17 as of Thursday, according to the Pentagon, totaling 53 attacks in Iraq and 77 in Syria.

The drone, rocket, mortar and missile attacks have injured 69 U.S. troops, but a Pentagon spokesman said Thursday that no troops have been injured since Dec. 25.

“When it comes to U.S. forces in the region, again, we’re there for one reason and one reason only, which is the enduring defeat of ISIS,” Air Force Maj. Gen. Pat Ryder said in a fresh briefing. “And so we will continue to call on these Iranian proxies to cease these attacks, but we won’t hesitate, as we’ve demonstrated in the past, to take appropriate action to protect our forces should we need to do that.”

Meanwhile, the White House says the US is not looking for a fight…

US ‘not looking for conflict with Iran’ despite Houthi strikes: White House

Ever since US forces began occupying Syria, the official justification for their presence has constantly shifted. While Trump famously said it was “to secure the oil” – the Pentagon has at various times cited an anti-ISIS or counter-Iran mission. It is also in the context of the longtime failed regime change operation targeting Damascus and Assad.

Lt Richard Hecht

end

Israel On Trial Day 2: Israeli defense refutes South Africa’s genocide charge

South Africa presented their arguments to the court at a three-hour hearing on Thursday in the Hague, the Netherlands.

By RINA BASSISTJANUARY 12, 2024 10:55Updated: JANUARY 12, 2024 14:23

Legal adviser to Israel's Foreign Ministry Tal Becker and British jurist Malcolm Shaw sit inside the International Court of Justice (ICJ) as judges hear a request for emergency measures to order Israel to stop its military actions in Gaza, in The Hague, Netherlands January 12, 2024 (photo credit: REUTERS/THILO SCHMUELGEN) — Legal adviser to Israel’s Foreign Ministry Tal Becker and British jurist Malcolm Shaw sit inside the International Court of Justice (ICJ) as judges hear a request for emergency measures to order Israel to stop its military actions in Gaza, in The Hague, Netherlands January 12, 2024(photo credit: REUTERS/THILO SCHMUELGEN)

The Hague, Netherlands – Israel pushed back at the International Court of Justice (ICJ) on Friday against the South African complaint over genocide allegedly taking place in the Gaza Strip, on a second, historic hearing day in the Hague.

Foreign affairs legal adviser Tal Becker opened the three-hour hearing Friday morning, arguing that if there was anyone committing genocidal attacks in the region, it was and is Hamas, stating that on Oct. 7, the world saw ‘’massacre, mutilation, rape and abduction openly displaying inhalation. Torture of children in front of their parents, parents tortured in front of their children.’’ The assailants, reminded Becker, ‘’proudly filmed their barbarism.’’ Becker spoke of Johny Simantov, who hid in the shelter together with his wife Tamar and their three children, Omer, Arbel, and Shahar. ‘’They are here, they are burning us, we are suffocating,’’ Becker quoted the messages sent by Simantov.

Becker argued that the applicants attempt ‘’to deny Israel its obligation to its citizens, its hostages, to the thousands of Israelis displaced from their home,’’ and that South Africa seeks that ‘’Israel should be denied the ability to defend its citizens.’’

Becker reminded the court that Hamas has never hidden its genocidal agenda vis-à-vis Israel. It is no secret, added Becker ‘’that South Africa enjoys close relations with Hamas,’’ saying that by its complaint, Pretoria wants to enable Hamas ‘’continue its unbated attacks even after Oct. 7.’’ He also moted that a delegation by Hamas arrived to South Africa a few weeks after Oct. 7 ‘’for a solidarity visit’’ as described by Pretoria.

It is not the Israeli operation in Gaza that is unprecedented, claimed Becker, ‘’what is unparalleled and unprecedented is the degree of Hamas entrenchment into the civilian population,’’ in Gaza, he said.

PEOPLE LISTEN to the proceedings inside the ICJ yesterday, in The Hague. (credit: THILO SCHMUELGEN/REUTERS)

Leading the Israeli defense team in the Hague, Prof. Malcolm Shaw rejected South Africa’s claim on Thursday as if statements by Israeli officials reflect an intent for genocide. Shaw quoted Prime Minister Benjamin Netanyahu saying that “Israel has no intention to permanently occupy Gaza” and that “Israel is fighting Hamas, not the Palestinian population.”

“On the contrary,” stated Shaw, “these [statements] are indicative of the consistent and relentless commitment by Israeli authorities to mitigate civilian harm.”

Shaw also rejected the South African claim that there is a dispute between Israel and South Africa, which is why the ICJ indeed has jurisdiction over the case. South Africa said it had sent numerous messages to Israel on Gaza, requesting to discuss the situation, but Israel never reacted. Shaw showed that Israel did respond to these diplomatic notes, and even proposed more than once meetings between Israeli and South African officials to discuss these issues.

Pursuing the Israeli defense, Professor Galit Raguan presented ‘’facts on the ground,’’ noting that the applicants have completely ignored the strategy of Hamas of turning hospitals, homes, mosques, and United Nations compounds into military infrastructures.Raguan showed pictures of rockets and missiles hidden in a children’s room, of rocket fire launched from the roof of a United Nations building, of tunnels dug under the Gaza Shifa hospital. ‘’In every hospital IDF has searched, it found evidence of Hamas military use,’’ she added.

Raguan explained that the IDF has been deploying considerable efforts in mitigating civilian harm, including millions of leaflets dropped over the Strip, encouraging civilians to distance themselves from areas subjected to bombing, and 70,000 direct phone calls to Gaza residents with similar warnings. The IDF has engaged in large-scale efforts for mitigating civilian harm, ‘’some exceeding requirements of the international law,’’ said Raguan. These efforts, said Raguan, were absurdly presented by South Africa as proof of an alleged genocidal intent.

Raguan stressed that there is ‘’no limit of the amounts of food, water, or medical equipment allowed to enter Gaza.’’ Such a policy of enabling humanitarian aid is completely incompatible with claims of genocidal actions, she noted. If Israel had such intent, would it have delayed its ground offensive by weeks?’’ asked Raguan, noting the delay was decided to protect Gaza civilians.

Dr. Omri Sender refuted the need for provisional measures, arguing that Israel has been, in fact, facilitating the entry into the Gaza Strip of humanitarian assistance. ‘’Only this week, Israel enabled a UN delegation to enter into Gaza,’’ said Sender, with the purpose of ‘’evaluating the situation on the ground and a future return of Palestinians into the north of the Gaza Strip.’’

Sender noted that Israel is enabling entry into the strip of food, water, and medical teams in coordination with UNICEF and other UN bodies. There is a constant delivery of fuel and cooking gas, said Sender, detailing that a Dec. 10 report showed that some 180,000 litters of cooking gas are entering Gaza daily. This delivery corresponds to ‘’the targeted amount requested by the UN itself,’’ he said. Sender added that ‘’the condition of emergency [for provisional measures] is not as easily reached as claimed by the applicants,’’ he argued.

Sender quoted the IDF on Jan. 8, saying it ‘’started a transition to fewer ground troops and less air strikes,’’ further quoting the Israeli army saying that ‘’Israel will continue to reduce the number of troops in Gaza.’’ Hostages remembered outsideA ‘Shabbat table’ is staged outside the ICJ building in the Hague, with empty seats for all of the hostages held in Gaza. David Saranga, head of Israel’s fore ministry’s digital department, told The Jerusalem Post that ‘’family members of the hostages are present in the Hague for the display of the empty Shabbat table. Dozens of Israel supporters are also present at the place, waving the Israeli flag,’’ adding that large forces of police are keeping the Palestinian activists at arms-length.

Summoning the Israeli defense, Dr. Gilad Noam said that the applicants “did not show a dispute” between the parties [Israel and south Africa,” and “misled the court that such a dispute exists.” As such, the court should have no jurisdiction over the case, said Noam. He also stressed that the South African complaint does not prove any “irreparable harm and emergency” required for the court to issue provisional measures, as “Israel is taking steps to address the humanitarian situation in Gaza.”

Noam suggested that South Africa “seeks to portray Israel as a state-less law,” even though Israel’s legal system is robust and independent, including the military justice system within the IDF itself. “Israeli legal authorities know to draw the line between troubling and even obscene statements that fall within the freedom of speech and those stepping outside of this line,” he noted, adding that statements regarded as inciting are currently being studied by the legal authorities.

“Provisional measures will lead to a perverse situation,” said Noam, which will enable Hamas continue its military campaign against Israel, continue holding hostages in terrible conditions, and keep thousands of Israelis displaced from returning to their homes in the south of the country.

Israelis host an empty Shabbat table to mark the Israeli hostages still in Hamas captivity outside of the ICJ at the Hague, the Netherlands, January 12, 2024Representatives of the families of the hostages are also present in the court itself. A diplomatic source noted to the Post that the South African complaint is causing the families extreme distress and sorrow, as they see their terrible plight ignored and their loved ones forgotten and discarded by the applicants

.END

ISRAEL VS HAMAS

IDF says more than 700 Hamas rocket launchers destroyed since start of Gaza ground offensive

By EMANUEL FABIAN Today, 3:07 pm

The Israeli Air Force and troops operating in the Gaza Strip have destroyed more than 700 Hamas rocket launchers since the beginning of the ground offensive, the military says.

The IDF says ground troops have seized hundreds of rockets, including long-range projectiles, and located many launchers, as the military works to destroy Hamas’s rocket launch capabilities.

Together, ground troops and the IAF have destroyed more than 700 rocket launchers, the IDF says.

In recent weeks, there has been a significant drop in the rate of rocket fire from Gaza, which military officials attributed to Israel’s control of the ground and troops capturing Hamas’s rocket caches and launch sites.

Recently, the IDF says troops of the Golani Brigade located rocket launchers with primed projectiles in a graveyard in Gaza. It says the launchers were destroyed without causing damage to the cemetery.

In footage shared by the military, the IAF’s intelligence-gathering 100th Squadron is seen spotting Hamas firing rockets from a school and mosque in Gaza. The launchers are then struck by the IAF.

The IDF says Hamas “deliberately” places its launchers and fires rockets from civilian buildings.

Troops operating in the Gaza Strip and the Israeli Air Force have destroyed more than 700 Hamas rocket launchers since the beginning of the ground offensive, the military says. The IDF says ground troops have seized hundreds of rockets, including long-range projectiles, and located many launchers, as the military works to destroy Hamas’s rocket launch capabilities. Together, ground troops and the IAF have destroyed more than 700 rocket launchers, the IDF says. In recent weeks, there has been a significant drop in the rate of rocket fire from Gaza, which military officials attributed to Israel’s control of the ground and troops capturing Hamas’s rocket caches and launch sites. Recently, the IDF says troops of the Golani Brigade located rocket launchers with primed projectiles in a graveyard in Gaza. It says the launchers were destroyed without causing damage to the cemetery. In footage shared by the military, the IAF’s intelligence-gathering 100th Squadron is seen spotting Hamas firing rockets from a school and mosque in Gaza. The launchers are then struck by the IAF. The IDF says Hamas “deliberately” places its launchers and fires rockets from civilian buildings.

https://www.timesofisrael.com/liveblog_entry/idf-says-more-than-700-hamas-rocket-launchers-destroyed-since-start-of-gaza-ground-offensive

RUSSIA VS WEST

Russia calls US idea to confiscate Russian assets ’21st century piracy’

By JERUSALEM POST STAFFJANUARY 12, 2024 12:07

The Russian Foreign Ministry on Friday called US proposals to confiscate up to $300 billion in frozen Russian assets to help rebuild Ukraine “21st century piracy” and said Moscow would retaliate harshly if it happened.

Foreign Ministry spokeswoman Maria Zakharova told reporters that Russia believed the United States was attempting to create “legal cover” for what she said amounted to theft.

end

GLOBAL VACCINE/COVID ISSUES

a major story!! the fudging of data by the New Zealand government. They should all be incarcerated

(EpochTimes)

https://www.theepochtimes.com/health/nz-fudged-the-data-on-how-the-kidneys-fare-after-the-covid-vaccines-5556902?utm_source=healthnoe&src_src=healthnoe&utm_campaign=health-2024-01-12&src_cmp=health-2024-01-12&utm_medium=email&est=CpeRwA47kQPbQYdtV6%2BB8iBnyBSe5VvCPJ4V1y4z100MvXErudbA98fy

New Zealand Fudged the Data on How the Kidneys Fare After the COVID Vaccines

New Zealand Fudged the Data on How the Kidneys Fare After the COVID Vaccines (Flowersandtraveling/Shutterstock)

Health Viewpoints

In a January 2023 preprint in The Lancet, the New Zealand government released a study showing a 70 percent increased rate of kidney injury following two doses of Pfizer mRNA vaccines. Even more telling of injury was the dose-dependent effect. That is, one dose of Pfizer showed a 60 percent increased rate of injury within three weeks post-injection, while two doses showed a 70 percent increased rate of injury three weeks post-injection. “Acute kidney injury” was not defined by the authors but is understood in a clinical setting to include measurable changes in lab results and/or serious signs and symptoms such as bleeding, pain with urination, kidney stones, nephritis, nephrotic syndrome, or other renal dysfunction.

The data were drawn from a national database of over 4 million people over the age of 5 who had received the Pfizer vaccines. This number represented 95 percent of New Zealand adults and teenagers.

Compared to historical background rates of kidney injury, the following changes in acute kidney injuries were found in the original article, as shown in this screenshot.

These alarming results of vastly increased kidney injury were published in the abstract of the original article, and here are two screenshots from the January 2023 version of the abstract of that article: [1]

Now let’s zoom in on the last two sentences:

None of the above is now available online anymore, except through web archives.

The full paper does not seem to be available anymore anywhere, just the abstract, and the following is what appears when you click on the link that worked back in January:

The original full article seems to no longer be available on the internet, but I still have the above screenshots. Journalist Alex Berenson wrote a summary of the original article. [2]

Hiding the Data in New Zealand

Then a strange thing happened to the New Zealand data. Not only did the above paper disappear, but the numbers of reported acute kidney injuries were cut nearly in half. Here is what the same table now shows, from the same-titled paper, by the same authors, since August 2023, [3] at this link:

Suddenly, from January to August 2023, the observed acute kidney injury (AKI) events now are only 57 percent and 58 percent, respectively, of the originally reported AKI events. As a result, the data shown in August look like the Pfizer vaccine made no difference or even implied a slight benefit, whereas the data published seven months earlier had shown an alarming increase in acute kidney injuries postvaccine.

Also, in the August 2023 revision, the reported number of those who had received the first dose was reduced by about 100,000, and the number of those receiving the second dose was reduced by over 200,000.

During the time period of the study, Feb. 19, 2021, to Feb. 10, 2022, New Zealand had relatively low rates of COVID-19, as seen in the chart below. [4] The curve below took a vertical turn on Feb. 11, 2022, which was the day after the New Zealand government authors of the paper stopped collecting data. Until that dramatic turn, daily new confirmed COVID cases in New Zealand remained near zero.

So it is not plausible to attribute the kidney injuries seen in New Zealand post-COVID vaccines to COVID-19 infection. The following list of kidney injuries and disorders were observed in the Pfizer clinical trials. [5] Pfizer listed the following urinary tract injuries seen in the Pfizer clinical trials in its “Appendix 1: List of adverse events of special interest.”

From the Pfizer list of over 1,200 types of injuries, I pulled out the syndromes and injuries observed in the Pfizer trials that were specifically related to, or consequent to injuries to, the kidneys, and/or syndromes and injuries that affected the kidneys more than any other organ. I found 40 such disease conditions. They are as follows:

2-Hydroxyglutaric aciduria.
Acute kidney injury.
Anti-glomerular basement membrane antibody positive.
Anti-glomerular basement membrane disease.
Autoimmune nephritis.
Bilirubin urine present.
C1q nephropathy.
Chronic autoimmune glomerulonephritis.
Cryoglobulinaemia.
Dialysis amyloidosis.
Fibrillary glomerulonephritis.
Glomerulonephritis.
Glomerulonephritis membranoproliferative.
Glomerulonephritis membranous.
Glomerulonephritis rapidly progressive.
Goodpasture syndrome.
Henoch Schonlein purpura nephritis.
IgA nephropathy.
IgM nephropathy.
Immune-mediated nephritis.
Immune-mediated renal disorder.
Lupus nephritis.
Mesangioproliferative glomerulonephritis.
Nephritis.
Nephrogenic systemic fibrosis.
Paroxysmal nocturnal hemoglobinuria.
Renal amyloidosis.
Renal arteritis.
Renal artery thrombosis.
Renal embolism.
Renal failure.
Renal vascular thrombosis.
Renal vasculitis.
Renal vein embolism.
Renal vein thrombosis.
Scleroderma renal crisis.
Tubulointerstitial nephritis and uveitis syndrome.
Urine bilirubin increased.
Urobilinogen urine decreased.
Urobilinogen urine increased.

Here is a list of 10 other injuries and syndromes observed postvaccine in the Pfizer trial that involve the kidneys but are not exclusive to them. These often affect and damage the kidneys, but I did not include them on the above list since they are not specific to the kidneys. They are as follows:

ANCA vasculitis.
Diffuse vasculitis.
Disseminated intravascular coagulation.
Granulomatosis with polyangiitis.
Polyarteritis nodosa.
Pulmonary renal syndrome.
Systemic lupus erythematosus.
Systemic scleroderma.
Thrombotic microangiopathy.
Type III immune complex-mediated hypersensitivity syndrome.

More than 1,200 different adverse events of special interest were observed and reported in the Pfizer clinical trials. Here is a screenshot of just those related to disorders of the glomeruli, the fine filtering units throughout the kidneys—over a half million in each kidney—that separate blood from urine:

If You Think the Kidneys Were Hit Hard . . .

After an extensive review of the medical literature over the last three years, since the onset of mass COVID vaccination campaigns, I can say with confidence that the medical literature reveals many fewer victims of kidney injuries following these vaccines than of other types of bodily injuries. Other bodily organs have fared far worse than the kidneys for most of the victims. Most notable and now well-known are the myocarditis and other cardiovascular injuries, for which I described the mechanisms of injury and the ubiquity among the COVID-vaccinated population, [23] as well as brain injuries, [24] among others.

Future vaccines must be screened thoroughly for risk to kidneys and other organs before use in adults, and then only with fully detailed and uncoerced informed consent. Clearly, such toxic products as mRNA injections must never be used in children at all and must never be made a condition of work or study for anyone.

Reposted from Colleen Huber’s Substack

END

OTHER MEDICAL VACCINE INJURY/CANCER REPORTS

Advanced Prostate Cancer cases on the rise due to lack of immunity caused by the Covid vaccines

(EpochTimes)

Advanced Prostate Cancer Cases On The Rise After Years Of Decline

THURSDAY, JAN 11, 2024 – 11:00 PM

Authored by Cara Michelle Miller via The Epoch Times (emphasis ours),

U.S. Defense Secretary Lloyd Austin was recently diagnosed and is being treated for prostate cancer. He is one of the nearly 290,000 American men who will be diagnosed with the condition this year.(Lightspring/Shutterstock)

Nearly all types of cancer have become less deadly over the last 30 years, with one notable exception: advanced-stage prostate cancer, according to a recent report from the American Cancer Society (ACS).

“We have had more men diagnosed with more advanced prostate cancer over the last decade,” Dr. Sam S. Chang, the Chief Surgical Officer at the Vanderbilt Ingram Cancer Center, told The Epoch Times in an email. “The good news, many men with prostate cancer can be monitored safely and never require treatment.”

Survival Rates Are High, But Concerns Grow Over Advanced Cases

One in eight men will be diagnosed with prostate cancer—the second leading cause of cancer death among men in the U.S. after lung cancer—in their lifetime, according to ACS.

While concerning, the vast majority do not die from it. In fact, this type of cancer has one of the highest survival rates. The 5-year relative survival rate, which refers to the percentage of people with a prostate cancer who will still be alive five years after diagnosis, compared to people without that cancer, is over 90 percent.

However, advanced prostate cancer rates, after declining for decades, are rising again.

The Debate Around PSA Screenings for Prostate Cancer

Overall prostate cancer rates grew 3 percent annually between 2014-2019, per the ACS report. Meanwhile, advanced cases have increased 4-5 percent yearly since 2011, likely due to decreased screenings, according to Dr. Chan.

“The American Urology Association (AUA) guidelines recommend screening people for prostate cancer through bloodwork, which is obtained with a prostate-specific antigen (PSA) test,” Dr. Adnan Dervishi, a urologist with Ascension Saint Thomas Hospital specializing in urologic cancers, told The Epoch Times. Elevated PSA levels can be an indicator of potential prostate cancer. A “biopsy is needed to look at specimens under a microscope to get an accurate diagnosis,” he added.

In the past, PSA screenings posed health risks, yielding false positives or prompting unnecessary, potentially harmful procedures. This is why, in 2008 the U.S. Preventive Service Task Force advised against routine PSA testing for men 70 years and older.

False positives are when the test indicates high PSA levels, but there is no prostate cancer. Because some men with prostate cancer live for decades without any problems, there are concerns about over treatment. Cancer treatments, like surgery or radiation, may result in other health issues, including loss of bladder and bowel control, and erectile dysfunction.

“My standard practice is to recommend getting an MRI prior to proceeding with a biopsy,” Dr. Dervishi said. “It is more comprehensive.” A 2017 study in The Lancet suggests that 27 percent of men at low risk who get a prostate MRI may be able to avoid a biopsy.

Still, screenings can prevent advanced disease and death, which is why the AUA recommends them for men ages 55-69 on a case-by-case basis.

Researchers attribute rising advanced cancer rates to multiple factors, including improved diagnostic tools, more screenings, an expanding and aging population.

Risk of Developing Prostate Cancer

The risk factors for developing prostate cancer vary based on a man’s age and ethnicity. For example, men with obesity, older men, and African American men, as well as Caribbean men of African ancestry, are more prone to prostate cancer. Men of this ethnic background have a 70 percent higher likelihood of developing prostate cancer compared to white men.

The National Comprehensive Cancer Network recommends that patients in this higher risk ethnic group or anyone with a family history of prostate cancer receive bloodwork testing beginning at age 40.

The risk of prostate cancer starts to increase significantly after the age of 55 and reaches its highest point between the ages of 70 and 74. Prostate cancer is still rare in men under 40. The average age for a first diagnosis is about 67.

With patients who are categorized as low-risk prostate cancer, doctors use a wait and see approach called “active surveillance.” It delays treatment until there are indications that the cancer has progressed.

What to Know About Prostate Health

The prostate, a small walnut-sized gland in the male reproductive system situated below the bladder, surrounds the urethra—the tube carrying urine from the bladder. With age, the prostate may enlarge, exerting pressure on the urethra and causing a slower urine flow. This “benign enlargement of the prostate is very common and results in urinary symptoms such as hesitance, frequency, nocturia (waking up at night to void) and urgency to void,” Dr. Chan said.

The most prevalent form of prostate cancer is adenocarcinoma, where cells in the gland lining grow uncontrollably, Dr. Chan added. Prostate cancer often goes unnoticed in its early stages, lacking symptoms. Currently, an estimated 2.9 million men are living with prostate cancer.

At later stages, prostate cancer can obstruct the kidneys and the bladder. Advanced prostate cancer spreads to the bone which can be very painful and even cause bone fractures, Dr. Chan noted.

When symptoms are serious, surgery is recommended to remove the section of prostate tissue causing the most harm. However, he stresses that while “many men live without sequala (complications that exist from a pre-existing illness) it is important to remember that there is no cure for prostate cancer once it has become metastatic and spread to the bones.”

While there are no clinically proven dietary methods to reduce prostate cancer risk, men from Asian countries exhibit lower incidences compared to their Western counterparts—attributed to genetic and dietary differences, according to some research.

Natural Ways to Keep the Prostate Healthy

Some scientific evidence has shown several natural methods for maintaining prostate health, promoting overall well-being, and preventing potential complications.

Eat a nutritious diet

Eating nutritious foods with healthy fats, antioxidants, and good quality proteins is beneficial for one’s overall health. In a 2009 study, scientists found that consuming a diet high in omega-3 fatty acids (found in salmon, nuts and plant-based oils) was associated with a decreased risk of aggressive prostate cancer.

Additionally, studies indicate that regular consumption of lycopene, an antioxidant found in tomato and watermelon, can contribute to lowering the risk of prostate cancer.

Maintain vitamin D levels

Some studies have shown that vitamin D may be effective with more aggressive forms of prostate cancer.

Vitamin D plays a role in regulating cell growth and preventing the formation of abnormal cells. Adequate levels of vitamin D may help control the growth of prostate cells, reducing the risk of cancer.

Exercise regularly

A sedentary lifestyle, such as prolonged periods spent working at a computer, can be detrimental and may contribute to inflammation in the prostate. To counteract this, incorporating regular exercise is essential to mitigate the negative effects of extended sitting.

end

MARK CRISPIN MILLER

DR PAUL ALEXANDER

Japanese health ministry admits to second “undeniable” causal link between a COVID mRNA vaccine & death when healthy teen girl was found unresponsive after 3rd Pfizer injection; will Bourla, Bancel,

Malone, Sahin, Weissman, Kariko et al. please stand up! Will the ‘inventors’ of mRNA technology & the mRNA vaccine please stand up & explain this risk to children? Blood is on their hands!

DR. PAUL ALEXANDERJAN 11

READ IN APP

Children are falling victim to these mRNA vaccine, are dying. Children are being killed by these mRNA death shot yet the mRNA inventors and vaccine makers continue to enjoy a honey-moon period with the legacy media and the Freedom Fighter media. Everyone’s head seems stuck upside someone else’s ass and they sit by, enriching, preening, fattening, doing dog-and-pony bullocks laden shows when it is their invention, their work that is and has killed.

We are indeed living in the twilight zone.

END

SAGE HANA has raised questions about Bret Weinstein’s statements across time especially as to lockdowns et al. and how wrong they were; I have been sharing SAGE & some folk attacked me; I say fu*k you

fuk you for attacking SAGE for if you do not like it, don’t read his or her work, I like their work, & I say fuk you; SAGE is right, enough to question; its a question, we learn by discourse, debate

DR. PAUL ALEXANDERJAN 11

READ IN APP

we must disagree to learn, to drive furtherance of science, of knowledge…don’t come on people’s stack and noise with them and insult them, fu*k off with that, go write your own. stop insulting and attacking…don’t read it.

END

Rancourt is correct, SAGE HANA is 100% correct, & I have written same, COVID is/was a 100% lie, fraud, COVID was never ever a pandemic; we killed the vast majority by medical management, we killed via

denial of treatment (beds for COVID), collaterol damage from lockdown lunacy, deaths from the vaccine & vast majority from isolation, sedation (propofol, midazolam, morphine), Remdesivir, ventilator

DR. PAUL ALEXANDERJAN 12

READ IN APP

Sage’s Newsletter

Did We Have a Global Pandemic?

Promo Code: Greg Reese 2:27 video compilation here illustrating the dilemma of the Mysterious Coronavirus Global Pandemic. Hate the messenger all you want, but the Not a Movement has a massive, massive discrepancy from the Bucharest Expert Crew about WTF…

12 hours ago · 65 likes · 54 comments · Sage Hana

So SAGE again is over the target and I am saying what SAGE has said by asking you to think, but SAGE is saying there was no fucki*g pandemic, come to terms with it…it was all a lie and it is becoming clearer that even those in the Freedom movement for various reasons, I would argue not nefarious but all the same, hurt people, and were part of the lie…IMO. I think SAGE is maybe with a couple others, the most important stack writers, quality, deep thinking…

I will begin a debate shortly that it is the antibiotics within early treatment, PRINCIPALLY, that was the key aspect of early treatment success e.g. doxycycline and that early treatment and even prophylaxis was not meant for low-risk persons and general population and used how it has been…I am saying that IVM etc. may not have been that successful, and any benefit was for high-risk sick people, elderly…that if you recovered taking it, often you would have without and it is due to natural exposure immunity, your own body fighting back and recovering etc.

end

View in browser ‘Spectacularly Shabby and Sordid Corruption “Atlanta Trump Prosecutor Accused Of Secret, Disqualifying Romance With DA Fani Willis”‘; Fulton County District Attorney Fani Willis hired her secret loverto serve as special prosecutor in the Georgia racketeering case against Donald Trump and 18 other defendants, according to a Monday filing on behalf of Mike Roman’; so zoo animals going after 45DR. PAUL ALEXANDERJAN 12 READ IN APP

Courageous Discourse™ with Dr. Peter McCullough & John LeakeSpectacularly Shabby and Sordid CorruptionZeroHedge just reported allegations pertaining to the Trump prosecution in Atlanta—allegations that seem too spectacularly shabby and sordid to be true. Indeed, even a satirical novelist as zany as Carl Hiaasen would probably hesitate to make up such a ridiculous farce…Read more

SLAY NEWS

The latest reports from Slay News

Covid mRNA Shots Bypassed Laws Protecting Americans, Expert Warns A leading expert has warned the public that government officials and pharmaceutical companies bypassed “laws and regulations” that are in place to protect Americans when Covid mRNA shots were rolled out for public use.READ MORE

Victim Doubles Down on Epstein’s Tapes in New Interview, Says Bill Clinton’s Face Clearly Visible A victim who was featured in the recent Jeffrey Epstein document dump has doubled down on her confirmation that the late trafficker made secret recordings of powerful elites.READ MORE

Lauren Boebert’s Ex-Husband Arrested on Multiple Charges, Accused of Assaulting Son Rep. Lauren Boebert’s (R-CO) ex-husband Jayson has been arrested on multiple charges, including the alleged assault of their son, according to reports.READ MORE

Chinese Communist Party Member Is Second-Largest Foreign Owner of American Land The second-largest foreign owner of American land is a Chinese Communist Party (CCP) member, a new report has revealed.READ MORE

Republicans Move to Block Tax Dollars from Funding Illegal Aliens’ ‘Free’ Healthcare Republicans have moved to block federal taxpayer money from being used to pay for “free” healthcare for illegal aliens.READ MORE

Texas Man Arrested for Murdering Own Parents A man has been arrested and charged with the murder of his own parents in Texas, according to reports.READ MORE

Trump Warns of ‘Bedlam’ If Democrats’ Political Persecution Continues President Donald Trump warned that the American republic will descend into “bedlam” if the courts do not stop the Democrats’ political prosecutions and persecutions of their rivals.READ MORE

AOC Smears Clarence Thomas and His Wife on CNN without Evidence Radical celebrity Democrat Rep. Alexandria Ocasio-Cortez (D-NY) has appeared on national television and promoted baseless smears against Supreme Court Justice Clarence Thomas and his wife, Ginni.READ MORE

‘Designated Survivor’ & ‘X-Men’ Star Adan Canto Dead at 42 Actor Adan Canto, who starred in the hit TV series “Designated Survivor,” has died at just 42 years old, according to reports.READ MORE

Biden’s National Park Service Reverses Plan to Demolish William Penn Statue in Philadelphia amid Backlash Democrat President Joe Biden’s National Park Service has buckled under public pressure amid a backlash over plans to demolish the historic William Penn statue in Philadelphia.READ MORE

House Democrat Admits Open Border Is an Election Strategy A House Democrat has admitted that flooding the country with illegal aliens across an open border is all part of the Democratic Party’s election strategy.READ MORE

Hunter Biden Makes Surprise Appearance at Own Contempt of Congress Hearing Hunter Biden made a surprise hearing with his attorneys at the House Oversight Committee’s hearing on Wednesday morning.READ MORE

Armed Woman Guns Down ‘Raging’ Thug Trying to Break Her Front Door Down An armed woman has exercised her Second Amendment right to defend herself by gunning down a “raging” thug who was trying to violently break into her home.READ MORE

EVOL NEWS

NEWS ADDICT

LATEST REPORTS FOR NEWS JUNKIES

Life Expectancy of Americans Plummets after Covid Vax Rollout The life expectancy of American citizens has plummeted in the wake of the Covid mRNA vaccine rollout.READ THE FULL REPORT

Politico: Epstein’s Child Trafficking Ring Is a ‘MAGA Conspiracy Theory’Left-wing corporate media outlet Politico has claimed that allegations regarding Jeffrey Epstein’s child trafficking rings are just “MAGA conspiracy theories.”READ THE FULL REPORT

Fani Willis Coordinated with Jan 6 Committee Before Launching Trump Case There is more evidence of political motivation behind the Trump “racketeering” case launched in Fulton County, Georgia last year.READ THE FULL REPORT

Donald Trump Reveals His Plan for ‘Ultimate Retribution’ After the Biden Administration Donald Trump revealed his plan for “ultimate retribution” after the Biden administration while at a Fox News town hall in Iowa on Wednesday night. “We are run by fools,” Trump said. “We’re run by stupid people. But we ran it very smart for four years and we won everything. We won everything.” “Mr. President, you’re talking a lot about policy,” …READ THE FULL REPORT

Trump Doesn’t ‘See’ Chris Christie Being VP Pick: ‘I Know’ Who Vice President Will Be At Wednesday’s Fox News town hall, President Donald Trump said that he “knows” who his vice presidential running mate will be.READ THE FULL REPORT

LATEST REPORTS FOR NEWS JUNKIES

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

END

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

New Protests Threaten to Take Key Libyan Refinery Offline

FRIDAY, JAN 12, 2024 – 08:10 AM

Authored by Charles Kennedy via OilPrice.com,

Just days after similar protests shut down the country’s largest oilfield, Sharara, new protests against corruption and distribution of oil wealth have erupted again in Libya, threatening to shut down two oil and gas facilities within 72 hours.

The two facilities, at the Zawiya refinery, west of Tripoli, pump gas from the Mellitah complex, owned by Italian Eni and the Libyan National Oil Company (NOC), and halting operations here would interrupt the flow of gas through the Libya-Italy Greenstream pipeline.

If protesters succeed, they will cut off the processing of 120,000 barrels of oil per day at a refinery connected to the 300,000-bpd Sharara oilfield, which has been in a state of force majeure since Sunday.

There is scant reporting in Libya about the incident, with Energy Intelligence the first to report the incident, followed by Reuters on Thursday. According to Reuters, the protest was announced via video by the Corruption Eradication Movement, which is demanding that NOC Chairman Farhat Bengdara be removed from his post for “violations amounting to the level of crime”, Reuters reports.

Protester demands also include restrictions on Bengdara in the meantime to prevent him from concluding any further oil deals for the country, more job opportunities for youth near oil facilities, and stricter environmental controls.

“If the authorities do not respond to our demands, the movement may develop into civil disobedience,” a spokesperson for the group told Reuters in a telephone interview. There is currently a legal case pending challenging the validity of the appointment of Bengdara as chairman of the NOC. In a Monday hearing, the Tripoli Court of Appeal said it would issue an urgent ruling on the matter on January 22, according to Libyan media reports.

The urgent ruling will address whether Bengdara should be suspended in the interim while the Court of Appeal decides on his eligibility to chair the NOC given his dual citizenship with the UAE. Dual citizens have been removed from their posts in the past in Libya.

END

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

ECUADOR//A MESS

Ecuador Needs A Second Amendment After Days Of Narcoterrorism

THURSDAY, JAN 11, 2024 – 10:20 PM

Submitted by Gun Owners of America,

Ecuador is experiencing a wave of violence over the past year that has finally reached a boiling point.

In the past few days, leaders of Ecuadorian cartels were broken out of prison, and violence quickly followed. Most recently, gunmen stormed a news station during a live broadcast and took hostages.

| URGENTE: Delincuentes irrumpieron en TC Televisión y secuestran a todos en vivo y directo en Guayaquil, Ecuador. pic.twitter.com/ob1yleusOc— Alerta Mundial (@AlertaMundoNews) January 9, 2024

In addition, footage from the University of Guayaquil showed the armed gang members’ attempt to kidnap students.

The only people disarmed by gun free zones are law-abiding citizens! https://t.co/4cjpvsO9wh— Aidan Johnston (@RealGunLobbyist) January 10, 2024

In response to this takeover and the high levels of violence, Ecuadorian President Daniel Noboa declared a state of emergency, designated the cartels as terrorist organizations, and called in the military.

But the military isn’t alone in their fight. Citizens of Ecuador have taken up arms to fight with the army against the gangs. Videos on X show citizens riding with the police and military on motorcycles and in the back of pickup trucks prepared to combat the rising narcoterrorism.

More proof that an armed citizenry is necessary to the security of a free state https://t.co/GjfYWfoa0S— Aidan Johnston (@RealGunLobbyist) January 10, 2024

While Ecuador recently loosened restrictions on civilians carrying firearms, it has done very little to make it easier for them to own. Citizens must submit to a lengthy permitting process that includes a certificate of skill in handling and using firearms, along with a drug test and psychological evaluation. To make matters worse, according to those familiar with the process, the issuance of a gun license could take anywhere from a few months to a year.

Even after all that, civilians are limited to very specific types of pistols, revolvers, and shotguns.

Meanwhile, videos out of Ecuador appear to show the use of a rocket launcher.

Gun control in Ecuador seems to be going about as well as expected… https://t.co/zYbpB9veB6— Aidan Johnston (@RealGunLobbyist) January 10, 2024

These scenes of violence perpetrated by drug gangs are so foreign to the United States because even if the US military did nothing, law-abiding, gun-toting Americans could immediately mobilize to stop the threat.

Ecuador recently loosened its gun laws to help civilians protect themselves. Now armed citizens are reportedly fighting alongside law enforcement AGAINST crime and tyranny.

This is why our Second Amendment rights are worth protecting and fighting for. https://t.co/RhL3NY2mmb— Gun Owners of America (@GunOwners) January 10, 2024

The videos of violence and chaos coming out of Ecuador are evidence that an armed citizenry is necessary for the security of a free state.

* * *

We’ll hold the line for you in Washington. We are No Compromise. Join the Fight Now.

* * *

A comment from ZH staff:

GOA’s note from earlier this week: Did Loosening Gun Control Cause A Nationwide Drop In Homicides?

END

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

EURO VS USA DOLLAR: 1.0941 DOWN .0041

USA/ YEN 145.48 UP .364 NOW TARGETS INTEREST RATE AT 1.00% AS IT WILL BUY UNLIMITED BONDS TO GETS TO THAT LEVEL…//YEN STILL FALLS//

GBP/USA 1.2732 DOWN .0047

USA/CAN DOLLAR: 1.3375 DOWN .0003 (CDN DOLLAR UP 3 BASIS PTS)

Last night Shanghai COMPOSITE CLOSED DOWN 4.67 PTS OR 0.16%

Hang Seng CLOSED UP 204.76 PTS OR 1.27%

AUSTRALIA CLOSED DOWN 0.08% // EUROPEAN BOURSE: ALL GREEN

Trading from Europe and ASIA

I) EUROPEAN BOURSES: ALL GREEN

2/ CHINESE BOURSES / :Hang SENG DOWN 57.46 PTS OR 0.35%

/SHANGHAI CLOSED UP 4.67 PTS OR 0.16%

AUSTRALIA BOURSE CLOSED DOWN .08%

(Nikkei (Japan) CLOSED UP 527.25 OR 1.56%

INDIA’S SENSEX IN THE GREEN

Gold very early morning trading: 2047.00

silver:$23.05

USA dollar index early FRIDAY morning: 102.28 UP 35 BASIS POINTS FROM THURSDAY’s CLOSE.

FRIDAY MORNING NUMBERS ENDS

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And now your closing FRIDAY NUMBERS 1: 30 AM

Portuguese 10 year bond yield: 2.863% DOWN 7 in basis point(s) yield

JAPANESE BOND YIELD: +0.584% UP 1 AND 4//100 BASIS POINTS /JAPAN losing control of its yield curve/

SPANISH 10 YR BOND YIELD: 3.075 DOWN 5 in basis points yield

ITALIAN 10 YR BOND YIELD 3.720 DOWN 8 points in basis points yield ./ THE ECB IS QE’ ING ITALIAN BONDS (BUYING ITALIAN BONDS/SELLING GERMAN BUNDS)

GERMAN 10 YR BOND YIELD: 2.140 DOWN 5 BASIS PTS

END

IMPORTANT CURRENCY CLOSES FOR FRIDAY

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

Euro/USA 1.0972 DOWN 0.0011 or 11 basis points

USA/Japan: 144.03 DOWN 0.470 OR YEN UP 47 basis points/

Great Britain/USA 1.2762 DOWN .0016 OR 16 BASIS POINTS //

Canadian dollar DOWN .0003 OR 3 BASIS pts to 1.3380

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The USA/Yuan, CNY: closed ON SHORE CLOSED (DOWN) …7.1677

THE USA/YUAN OFFSHORE: (YUAN CLOSED (DOWN)…. (7.1867)

TURKISH LIRA: 30.10 EXTREMELY DANGEROUS LEVEL/DEATH WATCH/HYPERINFLATION TO BEGIN.//ON DEATH WATCH

the 10 yr Japanese bond yield at +0.584…VERY DANGEROUS

Your closing 10 yr US bond yield DOWN 4 in basis points from THURSDAY at 3.942% //trading well ABOVE the resistance level of 2.27-2.32%) very problematic

USA 30 yr bond yield 4.181 DOWN 1 in basis points ON THE DAY/12.00 PM

USA 2 YR BOND YIELD: 4.136 DOWN 12 BASIS PTS.

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

London: CLOSED UP 49.66 PTS OR .66%

German Dax : CLOSED UP 143.46 PTS OR 0.87%

Paris CAC CLOSED UP 70,52 PTS OR 0.95%

Spain IBEX CLOSED UP 79.00 PTS OR 0.79%

Italian MIB: CLOSED UP 205,75 PTS OR 0.68%

WTI Oil price 72.99 12: EST

Brent Oil: 78.68 12:00 EST

USA /RUSSIAN ROUBLE /// AT: 88.41; ROUBLE UP 0 AND 18//100

GERMAN 10 YR BOND YIELD; +2.1400 UP 2 BASIS PTS

UK 10 YR YIELD: 3.8106 DOWN 5 BASIS PTS

CLOSING NUMBERS: 4 PM

Euro vs USA: 1.0954 DOWN .0028 0.0028 OR 28 BASIS POINTS

British Pound: 1.2747 UP .0000 or 0 basis pts

BRITISH 10 YR GILT BOND YIELD: 3.832% DOWN 4 BASIS PTS//

JAPAN 10 YR YIELD: 0.579%

USA dollar vs Japanese Yen: 144.89 DOWN .2109//YEN UP 21 BASIS PTS//

USA dollar vs Canadian dollar: 1.3407 UP 0.0028 CDN dollar DOWN 28 basis pts)

West Texas intermediate oil: 72.80

Brent OIL: 78.40

USA 10 yr bond yield DOWN 2 BASIS pts to 3.957%

USA 30 yr bond yield UP 1 BASIS PTS to 4.202%

USA 2 YR BOND: DOWN 10 PTS AT 4.136%

USA dollar index: 102.16 UP 13 BASIS POINTS

USA DOLLAR VS TURKISH LIRA: 30.10 (GETTING QUITE CLOSE TO BLOWING UP/

USA DOLLAR VS RUSSIA//// ROUBLE: 88.41 UP 0 AND 18/100 roubles

GOLD 2046.55 3:30 PM

SILVER: 23.14 3:30 PM

DOW JONES INDUSTRIAL AVERAGE: DOWN 117,78 PTS OR 0.31%

NASDAQ UP 12,02 PTS OR 0.017%

VOLATILITY INDEX: 12.51 UP .05 PTS 0.56%

GLD: $189.71 UP 1.84 OR 0.98%

SLV/ $21.19 UP .37 OR 1.78%

end

USA AFFAIRS

TODAY’S TRADING IN GRAPH FORM

Yield Curve Dis-Inverts As ‘Ummm-flation’ Sparks Surge In Rate-Cut Odds, Ethereum, & MAG7 Stocks

FRIDAY, JAN 12, 2024 – 04:00 PM

‘Cooler-than-expected’ PPI (along with lower inflation expectations from NYFRB’s survey) trumped ‘hotter-than-expected’ CPI this week and opened the floodgates for traders to bet on The Fed being dovish-er than they expect to be in 2024.

Source: Bloomberg

Will The Fed comply?

The odds of a cut in March have soared above 80% (despite all the FedSpeak jawboning away from that)…

Source: Bloomberg

Expectations for 2024 rate-cuts exploded to new highs at 170bps (now fully pricing in 6 cuts and a 65% odds of a 7th cut)…

Source: Bloomberg

And as rate-cut expectations soar, so the spread between 2Y yields and current Fed Funds nears record highs…

Source: Bloomberg

Of course, as a reminder, the real reason The Fed will be cutting rates is to avoid a banking crisis which looms large in March…

https://platform.twitter.com/embed/Tweet.html?dnt=false&embedId=twitter-widget-0&features=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%3D%3D&frame=false&hideCard=false&hideThread=false&id=1744382425612926992&lang=en&origin=https%3A%2F%2Fwww.zerohedge.com%2Fmarkets%2Fyield-curve-dis-inverts-ummm-flation-sparks-surge-rate-cut-odds-ethereum-mag7-stocks&sessionId=65dd2622c39e0182118de27c38e022ba641c252e&siteScreenName=zerohedge&theme=light&widgetsVersion=2615f7e52b7e0%3A1702314776716&width=550px

…as the pace of liquidation at The Fed’s RRP is accelerating…

Yields tumbled across the entire curve this week,,, except for the long-end (which was unchanged)…

Source: Bloomberg

With 10Y back below 4.00%…

Source: Bloomberg

..and the 2y Yield at its lowest since May ’23 (and the same level as it was in Sept ’22)…

Source: Bloomberg

Sparking a massive bull-steepening in the curve – dis-inverting the 2s30s segment…

Source: Bloomberg

For context, this is the ‘steepest’ and most un-inverted the (2s30s) curve has been since July 2022…

Source: Bloomberg

However, while inflation was on many people’s minds, crypto also dominated the headlines with Gensler dragged kicking-and-screaming across the finish-line of spot bitcoin ETF approval.

Bitcoin ended the week marginally lower (after early week gains evaporated on ‘sell-the-news’ flow)…

Source: Bloomberg

…as Ethereum soared 16% (its best week since January 2023)

Source: Bloomberg

IBIT – the iShares BTC ETF – is err underperforming (to say the least) since the open yesterday…

Source: Bloomberg

Nasdaq surged over 3% on the week (best week since early Nov ’23) while The Dow and Small Caps were unchanged (S&P closed up almost 2% on the week)

Nasdaq’s strength was driven by the ‘Magnificent 7′ stocks’ best week since early Nov ’23…

Source: Bloomberg

Thanks to MAG7, Tech was the best performer on the week as Energy lagged heavily. Financials ended the week lower…

Source: Bloomberg

Microsoft overtook Apple as the world’s most valuable company (as TSLA faded this week)…

Source: Bloomberg

‘Most Shorted’ stocks were down 4% (AGAIN) on the week, erasing more than half of the Fed-driven short-squeeze from December…

Source: Bloomberg

Bank earnings today prompted quite chaotic trading among the big names with most generally disappointing by the close …

Source: Bloomberg

Gold (spot) rallied significantly in the last two days (from below $2020 to above $2060), finding support at the top of December’s FOMC spike…

Source: Bloomberg

Amid tanker attacks by the Houthis and retaliatory missile strikes by US allies, oil prices were lower on the week – of course they fucking were… as the $71-$74 range remains glue, no matter what is going on in the real-world…

Source: Bloomberg

Finally, we note that on both the day that ETFs have been trading, the spot cryptocurrencies themselves have been aggressively sold from the US equity open to the European equity close – at which point selling stops…

Source: Bloomberg

A suddenly tumbling crypto universe would be very convenient for Liz Warren, Gary Gensler, Jamie Dimon, Christine Lagarde, and a whole host of naysayers who were quick to point out Bitcoin’s lack of worth for anything but the enablement of terrorism or child sex-trafficking… and all the worst bits of the bible.

These three words seemed perfect for all that bullshit…

https://platform.twitter.com/embed/Tweet.html?dnt=false&embedId=twitter-widget-1&features=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%3D%3D&frame=false&hideCard=false&hideThread=false&id=1745578103177458067&lang=en&origin=https%3A%2F%2Fwww.zerohedge.com%2Fmarkets%2Fyield-curve-dis-inverts-ummm-flation-sparks-surge-rate-cut-odds-ethereum-mag7-stocks&sessionId=65dd2622c39e0182118de27c38e022ba641c252e&siteScreenName=zerohedge&theme=light&widgetsVersion=2615f7e52b7e0%3A1702314776716&width=550px

Remember to remember MLK on Monday as US markets are closed.

END

MORNING TRADING//

end

AFTERNOON TRADING

II USA DATA

Not good for future inflation: PPI still at record highs

(zerohedge)

Core Producer Prices At Record High In December, Up 17% Since Biden Elected

FRIDAY, JAN 12, 2024 – 08:40 AM

Following yesterday’s hotter-than-expected CPI, this morning’s Producer Price Index was expected to accelerate (headline not core). However, it did not – headline PPI actually decline 0.1% MoM (+0.1% MoM exp). That is the 3rd straight month of ‘deflation’ but inched PPI YoY up to +1.0%

Source: Bloomberg

Excluding food and energy, the core PPI was unchanged MoM in December – the third month of unchanged in a row, which dfragged the Core PPI YoY down to +1.8% (the lowest since Dec 2020)…

Source: Bloomberg

Goods PPI deflated and Services was unchanged…

Half of the decrease in the index for final demand goods is attributable to prices for diesel fuel, which dropped 12.4%

Over 80% of the decrease in the index for unprocessed goods for intermediate demand can be attributed to a 13.2% drop in prices for crude petroleum.

Reminder, disinflation does not mean lower prices. Core producer prices are up 16.9% since President Biden came into office (and headline PPI up over 18%)…

Source: Bloomberg

Finally, the deflationary impulse remains for the headline PPI as ‘intermediate PPI’ remains below zero BUT it is starting to accelerate higher…

Source: Bloomberg

That’s a little worrying given The Fed seems adamant it wants to cut in March to save the banking system from collapse.

END

III USA ECONOMIC COMMENTARIES

Manhattan Apartment Hunters Get No Relief Ahead Of Spring Season

FRIDAY, JAN 12, 2024 – 05:45 AM

Manhattan’s rental market showed no signs of easing, with prices climbing higher in December. This indicates that apartment hunters will face near-record-high rents into the spring season.

The median rent on new leases signed last month was $4,050, unchanged from a year before and up 1.3% from November, according to Bloomberg, citing new data from appraiser Miller Samuel Inc. and brokerage Douglas Elliman Real Estate. December’s month-over-month increase was the first since July, in a period when rents generally trend lower.

Other data points also show apartment demand for the two months ending in 2023 was red hot, with deals soaring 14% from December 2022.

Although rents peaked at record highs last summer and the supply of apartments has increased, these welcoming signs have yet to push rents meaningfully down to offer apartment hunters relief.

Jonathan Miller, president of Miller Samuel, said this might be the best relief renters get.

“Even though they’ve come down from the summer peak, rents are still elevated. We’re coming out of a frenzy period and transitioning into one of stability,” Miller said, adding, “The era of very steep trajectories in rents is over.”

The good news is that Manhattan’s vacancy rate hit 3.42% last month, the highest level since July 2021. Also, listing inventory was up 33% from one year ago to 7,621 units. This might cap rental prices unless demand further accelerates.

Even though inventory is rising, Miller noted that the share of leases with bidding wars was still around 15%.

“We wouldn’t be having bidding wars if supply was adequate,” he said.

Miller added that no dramatic price decline is coming down the pipe, adding lower mortgage rates allow some renters to step into the homebuying ring this spring and that would take a little pressure off the leasing market.

So what happens to the rental market in New York City when progressives in City Hall provide a permanent housing solution to the 100,000 migrants?

IIIB USA COMMENTARIES RE ISRAEL/HAMAS WAR/ and PERVASIVE ANTISEMITISM/WOKISM

END

FREIGHT ISSUES/USA

END

VICTOR DAVIS HANSON

Biden “Saves” Democracy By Destroying It; VDH

THURSDAY, JAN 11, 2024 – 08:20 PM

Authored by Victor Davis Hanson via American Greatness,

When faced with the possible return of President Donald Trump, the current agenda of the Democratic Party is summed up simply as “We had to destroy democracy to save it.”

The effort shares a common theme: any means necessary are justified to prevent the people from choosing their own president, given the fear that a majority might vote to elect Donald Trump.

Sometimes the anti-democratic paranoia has been outsourced to state and local officials and prosecutors to erase Trump from the primary and likely general election ballots as well.

One unelected official in Maine, Secretary of State Shenna Bellows, is a Democrat, an official never elected by the people, and a non-lawyer rendering a legal edict. Yet she has judged Trump guilty of “insurrection.”

And presto, she erased his name from the state’s ballot.

Yet Trump was never charged, much less convicted, of “insurrection.”

The statute Bellows cites is a post-Civil War clause of the 14th Amendment. It was passed over a century and a half ago. It was never intended to be used in an election year by an opposition party to disbar a rival presidential candidate.

In the earlier case of Colorado, the all-Democrat Supreme Court, in a 4-3 vote, took Trump off the ballot.

In sum, just five officials in two states have taken away the rights of some 7 million Americans to vote for the president of their choice.

Note that Trump continues to lead incumbent Joe Biden in the polls.

Sometimes, indictments are preferred to prevent Americans from voting for or against Trump.

Currently, four leftist prosecutors—three state and one federal—have indicted Trump.

They are petitioning courts to accelerate the usually lethargic legal process to ensure Trump is tied up in Atlanta, Miami, New York, and Washington, D.C., courtrooms nonstop during the 2024 election cycle.

Their aim is to keep Trump from campaigning, as he faces four left-wing prosecutors, four liberal judges, and four or five overwhelmingly Democratic jury pools.

Yet all the indictments are increasingly clouded in controversy, if not outright scandal.

Georgia prosecutor Fani Willis campaigned on promises to get Trump. She now faces allegations that she outsourced the prosecution to an unqualified personal injury lawyer—her current stealth boyfriend who was paid handsomely by Willis’s office and traveled on pricey junkets with her.

New York partisan attorney general Letitia James likewise sought office on promises to destroy Trump.

She preposterously claims Trump overvalued his real estate collateral to a bank. Yet it eagerly made the loan, profited from it, and had no complaints given that Trump paid off the principle and interest as required.

Manhattan prosecutor Alvin Bragg is even more desperate. He is now prosecuting Trump for campaign finance violations from nearly a decade ago, claiming a nondisclosure agreement with a purported sexual liaison somehow counts as a campaign violation.

Federal special prosecutor Jack Smith claims Trump should be convicted of improperly removing classified documents after leaving office. In the past, such disagreements over presidential papers were resolved bureaucratically.

Joe Biden, for example, improperly took out classified files after leaving the Senate and vice presidency and stored them in unsecure locations for over a decade.

All of these prosecutors are unapologetic anti-Trump progressives.

Some have communicated with the White House legal eagles, even though Joe Biden is likely to face Trump in the November election.

Some prosecutors are themselves facing controversies, if not scandals. Some wish to synchronize their drawn-out investigations and indictments to hinder the Trump reelection effort.

At other times, the effort to neuter Trump is waged by his rival Biden himself.

He has hammered Trump as an insurrectionist and guilty of a number of egregious crimes against democracy—even as Biden’s own Attorney General has appointed a special counsel to try Trump on just those federal charges concerning the January 6 demonstrations, a dead horse that Biden periodically still beats to death to scare voters.

Biden periodically smears half of America who supported or voted for Trump as “ultra-Maga” extremists and “semi-fascists” who would destroy democracy.

Yet the more Biden and the Left weaponize the judicial system to prevent Trump from running, and the more Biden screams and yells that Trump supporters are anti-American and anti-democratic, the more Trump soars in the polls while Biden sinks.

The left privately knows that its historically unprecedented strangulation of democracy is increasing Trump’s popularity. But like an addict, it cannot quit its Trump fix.

In sum, the Left is creating historic, anti-democratic precedents that will someday boomerang on Democrats should Republicans win the November election and follow the new Democrat model of extra-legal politics.

Democrats are tearing apart the country in a manner not seen since the Civil War era—apparently convinced democracy cannot be trusted and so itself must be sacrificed as the price of destroying Donald Trump.

end

TEXAS VS THE FEDS

It is about time this was done

(zerohedge)

Texas Seizes Control Of Border City Park, Escalating War Against Illegal Immigration

FRIDAY, JAN 12, 2024 – 07:45 AM

In its latest assertion of sovereignty and responsibility for securing its border with Mexico, the once and future Republic of Texas has seized control of a 47-acre park in the city of Eagle Pass, which has been a major avenue of illegal immigration. What’s more, the Texans are barring US Border Patrol agents and watercraft from the property, which they’ve used as a staging area for processing migrants.

“They are denying entry to Border Patrol agents to conduct our duties,” a federal official told CBS News, who wondered “what authority (Texas officials) have over the federal government.” Texans are increasingly wondering about the opposite question.

Via an emergency declaration from Governor Greg Abbott, Shelby Park, which abuts the Rio Grande, is now controlled by the Texas Department of Public Safety (DPS) and National Guard units. Eagle Pass Mayor Rolando Salinas, Jr told reporters he learned about the move just shortly before it happened, via a phone call from a DPS official who informed him the state was taking “full control” of the recreational park “indefinitely.”

“This is something that the city was not expecting,” he said. “So, right now, there’s military personnel and they put gates in Shelby Park blocking access from the public into the park that belongs to the city.” Apprehensions at the site have eased from thousands per day in December, down to 400 or 500 recently — still a substantial number — as Mexico has increased enforcement on its side.

“Texas will continue to deploy Texas National Guard soldiers, DPS troopers, and more barriers, utilizing every tool and strategy to respond to President Biden’s ongoing border crisis,” said Abbott spokeswoman Renae Eze on Thursday.

**Texas National Guard soldiers place razor wire along the Rio Grande in Eagle Pass** (Getty Images via *CBS News*)

Texas has been steadily ramping up its efforts to control its southern frontier and divert the massive flow of migrants who come not only from the Americas but Africa and elsewhere. The state has shipped more than 100,000 of them to northern, Democrat-run sanctuary cities.

In December, Abbott signed three border security bills. In addition to funding additional border barriers and increasing sentences for migrant-smugglers, the package also broke ground by making it a state crime to illegally enter the Lone Star State from a foreign nation. The Biden Justice Department has sued Texas to prevent that law from being enforced; it goes into effect in March. The White House is also battling Abbott over his installation of razor wire and floating barriers in Eagle Pass.

On Thursday evening, Abbott tweeted, “As caravans of migrants are moving through Mexico toward the U.S. border, we are making clear that Texas will be a tough place to cross.”

**A Humvee parked alongside a row of concertina wire at Shelby Park in Eagle Pass** (Jay Janner/*Austin American-Statesman*)

Eagle Pass lies along the path of “totality” for April’s highly-anticipated total solar eclipse. A festival is scheduled to take place in the park, and the city has spent $1 million preparing for it, according to the mayor.

This weekend, the park was to host a ceremony memorializing migrants who died trying to enter the United States in 2023. The Border Vigil, a group of Eagle Pass residents who oppose Abbott’s border tactics, had placed more than 700 wooden crosses in the park ahead of the event. They issued a statement condemning the park seizure:

“The Texas Governor’s emergency declaration and takeover of Shelby Park, where the Cross Memorial stands as a tribute to the unnecessary deaths on our border, is a cynical and cruel attempt to divert attention from his own failures and to undermine the efforts of the Mexican authorities and civil society to address the humanitarian crisis at the border.”

The park has already been the focus of a major controversy in the city of 28,000 people. At the request of a state prosecutor, Mayor Salinas in July declared the park to be private property, which cleared the way for DPS to arrest migrants for trespassing. After an uproar from locals angered over losing access to the city’s principal park, the city reversed the declaration.

With Abbott’s move this week, it’s safe to say the park is firmly back to being a no-trespass zone…but for how long?

END

USA// COVID//VACCINE//humour

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END

SWAMP STORIES

WHAT AN ABSOLUTE JOKE!

(ZEROHEDGE)

Fanigate Goes Full Jerry Springer: DA’s Alleged Lover Left Wife ‘In Dire Need’ After Failing To Disclose $700K According To Divorce Docs

FRIDAY, JAN 12, 2024 – 06:55 AM

Fulton County District Attorney Fani Willis – who has charged Donald Trump and 18 co-defendants with trying to change the outcome of the 2020 US election in Georgia – has become the main attraction in a major prong of the left’s 2024 election lawfare operation.

On Tuesday we noted that Willis had hired Nathan Wade (without proper approval), a private attorney in the midst of a divorce who “has little to no experience trying felony cases, much less complex RICO actions,” according to the 127-page filing.

Wade ended up pocketing nearly $700,000 from Fulton county taxpayers – with which he allegedly took Willis on lavish vacations.

Now, Wade’s wife has alleged in divorce documents that he failed to disclose over $700,000 in earnings from the county, and has continued to draw from her bank account, leaving it “routinely overdrawn” despite “the clear inequity in financial circumstances,” the Daily Caller reports.

Wade filed to divorce his stay-at-home wife of 20 years on November 2nd, 2021, the day after Fani hired him as a Special Prosecutor in the Trump case. He had his divorce sealed on February 10th, 2022, according to the 127-page filing by Trump co-defendant Michael Roman.

Republican Georgia Rep. Marjorie Taylor Greene sent a criminal referral Wednesday to Republican Georgia Gov. Brian Kemp and Attorney General Chris Carr asking for an investigation into Willis and expressing “serious concerns” about the allegations. Greene suggested Willis could have violated a number of Georgia statutes, including violations of public oath, bribery, improper influence of a government official and more.

The Monday motion did not cite hard evidence that Willis and Wade were romantically involved but referenced “sources close to both the special prosecutor and the district attorney” who confirmed their ongoing relationship. -Daily Caller

Oh, and let’s not forget – Wade billed taxpayers $2,000 to talk to the Biden White House about prosecuting Biden’s political opponent.

It literally says “conf with White House Counsel” in May of 2022

This is Fulton DA Fani Willis lead prosecutor in the Trump case billing taxpayers $2000 to talk to Joe Biden’s White House about prosecuting Biden’s political opponent pic.twitter.com/oCGjx7j3bA— Phil Holloway (@PhilHollowayEsq) January 9, 2024

Looks like someone didn’t run their schemes past Marc Elias…

END

Fani Spanked: Jim Jordan Launches Investigation Into DA’s Alleged Lover As Trump-Georgia Case Goes Off The Rails

FRIDAY, JAN 12, 2024 – 03:23 PM

Update (1523ET): House Judiciary Chairman Jim Jordan (R-OH) has launched an investigation into Nathan Wade, the special prosecutor in the Trump-Georgia case who has been accused of making more than $650,000 off the case – during which he and Willis took lavish vacations together.

“According to a recent court filing, you have been paid more than $650,000—at the rate of $250 per hour—to serve as an ‘Attorney Consultant’ and later a ‘Special Assistant District Attorney’ in the unprecedented investigation and prosecution of the former President and other former federal officials,” wrote Jordan in a Friday letter reported by Just the News.

“This filing also alleges that while receiving a substantial amount of money from Fulton County, you spent extravagantly on lavish vacations with your boss, Ms. Willis.”

“The Committee has information that the FCDAO [Fulton County District Attorney’s Office] received approximately $14.6 million in grant funds from the Department of Justice between 2020 and 2023 and, given the enormous legal fees you have billed to the FCDAO, there are open questions about whether federal funds were used by the FCDAO to finance your prosecution,” the letter continues.

Wade has until January 26th to reply with documents related to the case.

END

Hunter Cracks, Will Sit For Closed-Door Deposition After All

BY TYLER DURDEN

FRIDAY, JAN 12, 2024 – 02:00 PM

Hunter Biden has reversed course, and will sit for a closed-door deposition with House GOP lawmakers.

In a Friday letter to the House Oversight Committee Chairman James Comer and House Judiciary Committee Chairman Jim Jordan, defense attorney Abbe Lowell said that Hunter would comply with a new subpoena to sit for a deposition, the Daily Caller reports.

“Consequently, the November 8 and 9, 2023, deposition subpoenas to Mr. Biden and the contempt resolutions approved by your committees on January 10, 2024, based on those subpoenas were and are legally invalid. You have not explained why you are not interested in transparency and having the American people witness the full and complete testimony of Mr. Biden at a public hearing,” reads the letter.

“If you issue a new proper subpoena, now that there is a duly authorized impeachment inquiry, Mr. Biden will comply for a hearing or deposition. We will accept such a subpoena on Mr. Biden’s behalf.”

On Friday, House Majority Leader Steve Scalise announced that the chamber will a floor vote to hold Hunter in contempt for dodging subpoenas to appear for a closed-door deposition on Dec. 13.

Lowell previously offered to have Hunter testify publicly, suggesting that a closed-door session would result in biased leaks against his client (and of course, would limit the questions lawmakers can ask in regards to national security).

Hunter Biden made a surprise appearance Wednesday at the House Oversight Committee’s markup hearing on a resolution and accompanying report to hold him in contempt. He sat in the crowd with Lowell and his financier, Hollywood attorney Kevin Morris, for a few minutes before dashing out when Republican Georgia Rep. Marjorie Taylor Greene began her line of questioning.

After he stormed the hearing, Hunter Biden flew back to Los Angeles, California, where he pleaded not guilty Thursday to nine federal tax related charges at an arraignment. He faces up to 17 years in prison for the tax charges. -Daily Caller

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What a joke!

THE KING REPORT

The King Report January 11, 2024 Issue 7157

Independent View of the News

@nglinsman: CPI heads up – The bad news is that m/m Adobe digital price index change in Dec (NSA) was at its highest Dec level ever, 2.4% m/m – blue line below. Note CPI commods ex food, energy, cars index has tracked Adobe well on a NSA (grey) and even SA (orange) basis recently.
https://t.co/qeRUYEcJT0

A $2 Trillion Pile of Debt Poses Threat to Bond Rally – BBG
Investors are ignoring the cloud of rising deficits around
    Over the next several weeks, governments from the US, UK and the Eurozone will start flooding the market with bonds at a clip rarely seen before… these countries along with Japan will sell a net $2.1 trillion of new bonds… a 7% increase from last year…

BOE Official Sees ‘Exuberance’ as Top Financial Stability Risk
“If conditions seem calm, if volatility is low, then you could get a risk of exuberance — people taking on more risk because they think the market is more benign,” he said when asked about his biggest concern. “We have seen that, for example credit spreads are very tight. Equity markets, particularly in the US, are very strong.”… Bailey told members of Parliament he was worried about private credit, which has grown substantially over the decade of low rates and falls into the less regulated non-banking sector, was worryingly “opaque.”… https://www.bnnbloomberg.ca/boe-official-sees-exuberance-as-top-financial-stability-risk-1.2020262

US10-year bond auction ($37.0B) results: 4.024% vs 4.019% WI

ESHs traded modestly negative during Asian trading and the first hour of European trading. ESHs then jumped 13 handles higher to 4804.00 at 4:30 ET. ESHs and stocks then rolled over into a decline that took ESHs to 4787.75 at 8 ET. The rally for the NYSE opening and pump & dump began.

ESHs soared to 4897.25 at 9:41 ET. Dumpers gleefully fed the patsies; ESHs sank to 4792.25 at 10:02 ET. Dip buyers then got busy, driving ESHs to 4813.25 at 13:04 ET. The disappointing US 10-year auction then induced selling. ESHs slid to 4801.75 at 13:11 ET.

But buyers returned; ESHs rallied to new daily highs. Did someone have nonpublic information about the December CPI report? If so, why weren’t bonds rallying?  Pattern traders were getting long for Q4 earnings reporting season, which commences tomorrow.

Citigroup discloses billions in one-time charges and reserves ahead of earnings report Friday
https://finance.yahoo.com/news/citigroup-discloses-billions-in-one-time-charges-and-reserves-ahead-of-earnings-report-friday-234327879.html

ESHs hit a daily high of 4828.50 at 15:08 ET. Fangs, once again, led the rally. Meta jumped as much as 4%; Nvidia rallied as much as 2.73%.

At 15:14 ET, NY Fed President Williams spoke. Seen Meaningful Inflation Progress, Still Far from 2% – BBG Rates Restrictive Enough to Reach 2% Price Goal – BBG Don’t Seem Close to Point of Slowing Asset Sales – BBG Must Be Confident Inflation Headed to 2% before Easing – BBG The Fed Must Be Ready to Act on Unexpected Events Fed’s Williams says interest rates need to stay high ‘for some time’ – DJ 115:20 ET https://www.newyorkfed.org/newsevents/speeches/2024/wil240110

ESHs fell to 4812.75 at 15:25 ET. Perhaps an impetus for the manic buying in the afternoon was on the expectation or rumor that NY Fed President Williams would issue dovish remarks. He didn’t; but he debunked the proliferating narrative that the Fed would soon halt QT.

After a rebound to 4819.00 at 15:33 ET, ESHs fell to 4805.75 at 15:50 ET. Because so many equity bulls were trapped on the long side, someone manipulated ESHs to 4822.50 at 15:59 ET (needed ‘the marks’).

Positive aspects of previous session
Stocks rallied robustly after a morning decline; Fangs led the rally

Negative aspects of previous session
USHs were -13/32 at the NYSE close; the 10-year auction was disappointing.
Stocks sank after NY Fed President wasn’t a dovish as wanted or expected

Ambiguous aspects of previous session
Did the earnings season rally commence yesterday?

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

Pivot Point for S&P 500 Index [above/below indicates daily trend to traders]: 4776,82
Previous session S&P 500 Index High/Low: 4790.80; 4756.20

Plastic Chemicals Causing Infertility, Diabetes Found ‘Widespread’ in Common Food Items: Report https://t.co/XkD9yyTkSJ

Google co-founder Sergey Brin and ex-wife visited Epstein’s ‘pedophile island’: new docs https://trib.al/sxDCAEj

Today – December CPI will dictate pre- and possibly, post-NYSE opening trading. The usual suspects are eager to pour into stuff on an expected benign December CPI Report. However, an unexpectedly bad December CPI Report will induce selling. It is unknown how long that selling will last; equity types are unremittingly bullish and will reflexively dismiss anything that impugns their Fed Pivot narrative. Plus, they want to be long equities into Q4 earnings reporting season, which begins tomorrow.

Stocks did NOT fully adjust to NY Fed President Williams’ remarks.  Williams strongly suggests that there will be NO March rate cut. If a critical mass of traders stayed long on the hope that Dec CPI would induce a rally, stocks could be vulnerable to a no March rate cut adjustment.

ESHs are +5.75; USHs are +4332; and Feb AU is +4.50 at 20:06 ET.

Expected Economic Data: Dec CPI 0.2% m/m & 3.2% y/y; Core 0.3% m/m & 3.8% y/y; Initial Jobless Claims 210k, Continuing Claims 1.87m; Dec Budget -$63.8B; Richmond Fed Pres Barkin 12:40 ET

S&P Index 50-day MA: 4577; 100-day MA: 4469; 150-day MA: 4463; 200-day MA: 4381
DJIA 50-day MA: 35,934; 100-day MA: 34,953; 150-day MA: 34,840; 200-day MA: 34,487
(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 4026.83 triggers a sell signal
Weekly: Trender and MACD are positive – a close below 4510.80 triggers a sell signal
Daily: Trender and MACD are negative – a close above 4783.04 triggers a buy signal
Hourly: Trender and MACD are positive – a close below 4751.97 triggers a sell signal

Biden warned to stop bringing big donors to Oval Office
The intimate gatherings are organized by campaign co-chair and Democratic mega-donor Jeffrey Katzenberg…  https://www.axios.com/2024/01/10/biden-donors-oval-office-tours-warning-legal

Fauci tells House COVID panel he’s ‘not convinced’ kids suffered learning loss due to pandemic school closures – Dr. Richard Ebright, a molecular biologist at Rutgers University, told The Post that “Fauci repeatedly and flagrantly violated US government policies implemented to protect the public from lab-generated pandemics.”
    “Fauci attempting to deny he violated US government policies by claiming he prefers different definitions of ‘gain-of-function’ and enhanced potential pandemic pathogen is equivalent — exactly equivalent — to a terrorist attempting to deny he violated federal law by claiming he prefers a different definition of ‘terrorism,’” Ebright said… https://trib.al/VPCy41a

@megynkelly: I’m begging you liberals, throw away your Fauci dolls. Admit the truth: he’s a villain. He hurt millions. He lined his own pockets. He lied under oath. And he continues to lie.

Brooklyn high school switches to remote learning to make room for 2,000 illegals
One Brooklyn high school has closed its doors to students and will instead conduct remote classes while more than 2,000 people shelter in its gym…
https://justthenews.com/government/courts-law/brooklyn-high-school-switches-remote-learning-make-room-2000-illegals

@elonmusk: This is what happens when you run out of hotel rooms. Soon, cities will run out of schools to vacate. Then they will come for your homes.

Hunter Biden crashes House hearing on resolution to hold him in contempt https://t.co/WUiI1VODg7
(Arrogantly and smugly mocked the hearing, portrayed a sense of entitlement & invulnerability)

@DC_Draino: SC @RepNancyMace telling Hunter Biden he “has no balls” is better than coffee this morning.  https://twitter.com/DC_Draino/status/1745111037215473919

@charliekirk11: Disgraced first son Hunter Biden storms out of a committee hearing as Oversight Chairman James Comer recognizes Rep. Marjorie Taylor Greene: “Excuse me Hunter, apparently you’re afraid of my words…”  https://twitter.com/charliekirk11/status/1745110209088094540

@paulsperry_: GOP Rep Nancy Mace just called for president’s son to be “hauled off to jail right now” after Hunter Biden blindsided committee holding contempt hearing by showing up w/o notice for unscheduled deposition. Mace scolded Hunter for playing “stupid games” as he sat in room.

@MacFarlaneNews: Thirty minutes into hearing. Hunter Biden leaves. He tells @CBSNews he would’ve testified if called to do so https://t.co/RzDxtfaaBy

@RNCResearch: REPORTER: “Why did you put your dad on speakerphone if he had nothing to do with your business!? You put him on speaker multiple times to talk to your business partners!” HUNTER BIDEN: *keeps walking* https://t.co/TYFGXFhO3y

@TheInsiderPaper: Reporter heard asking Hunter Biden: “Are you on crack today?”  https://t.co/D6Zcj5Ui0C

@DC_Draino: Hunter Biden showing up last minute to a House committee hearing on holding him in contempt shows how much he knows he’s untouchable with daddy in charge. But why would he fear punishment? They found his bag of coke in the White House and nothing happened.

DJT’s DNI @RichardGrenell: There are no consequences for Democrats when they ignore the law and do what they want….the media is partly responsible for giving them cover. I’ll say it again, it started with Sanctuary Cities. The media made it seem noble to ignore federal laws.

Ex-DJT official @MichaelRCaputo: This photo is peak Biden Era. I understand why Hunter brought his lawyer (R), but why did he bring his pimp (L)?  https://twitter.com/MichaelRCaputo/status/1745116560354681289

Dem Rep. Chris Deluzio calls for Defense Secretary Austin’s resignation
https://justthenews.com/politics-policy/dem-rep-chris-deluzio-calls-defense-secretary-austins-resignation

DeSantis splits from Trump after he suggested economy crashing would help him in election: ‘Don’t want to see that’ – “When there’s a crash, I hope it’s going to be during this next 12 months because I don’t want to be Herbert Hoover. The one president – I just don’t want to be Herbert Hoover,” Trump told Lindell TV… https://t.co/0JHzKwNVsy

@CWBChicago: The commander of a downtown police district took a 7-day suspension for falsely claiming in a radio interview that crime was down sharply in his district — and that he was responsible for the “reduction.”   https://t.co/PwmacJ1rEQ

@MarkPaoletta: The Left pushing these racist tropes is despicable. Most black Americans support voter ID laws (69%), school choice (81% black parents), oppose race-based affirmative action for college admission (62%); only 26% support Defund the Police.
     Liberal black leadership advocate policies that harm black Americans & are more in line with white progressives views. Why? NAACP gets lots of $$$ from unions (teachers) & opposes school choice despite 81% of black parents supporting. Unconscionable. They protect this grift by attacking black leaders who voice different views. @RepJeffries once compared Justice Clarence Thomas, Gen. Colin Powell & scholar Shelby Steele to “House Negroes” for their views.

@Hebro_Steele: “I pastor one of Chicago’s toughest neighborhoods on the South Side and @mcuban
‘s defense of DEI is deeply flawed for one reason: this poisonous ideology has no impact on my community, the very community it professes to help.” — Pastor @CoreyBBrooks…
    What this ignores is how profoundly education and skill development has declined in our community for generations. We are behind in nearly every social and educational metric and while living in an ever-changing world that seems to be speeding beyond the grasp of our fingertips.
    If @mcuban came into my community it wouldn’t take him long to understand that this DEI ideology is profoundly flawed, has no impact upon us, and creates more racial divisions.
    The reality is that the countless of diversity programs that came into being since the late 1960s have been abysmal failures. Nearly every one of them, if not all, professed to have the goal of uplifting poor blacks after centuries of racial oppression.
    The original intent of Affirmative Action was true uplift by providing bootstraps: better schools, teachers and resources to uplift the undereducated segments of the black population.
    However, this process of development was too slow for the many white university presidents who wanted to increase the diversity on their campuses now. They moved away from development to cold racial preferences. Diversity, not development, became the new virtue of our times…
    Instead of embracing freedom and responsibility, too many of us allowed ourselves to be seduced into the culture of dependency. Those who could escape and make a life for themselves did and many did…
    But many kids in my neighborhood have made it out — one of them was just awarded a prestigious fellowship at NASA… The only tool I used with these youths: the American principles. Be on time. Say, yes sir, no sir. Respect your elders. Be responsible. Be accountable. Save money. Build credit. Plan for the future. Be a parent. Get married. You fall, get back up. Never give up. Just do it…
https://twitter.com/Hebro_Steele/status/1744782269582328225

@laurenjiggetts: Chicago Public Schools can’t find $23M worth of laptops, iPads and other electronics.  77 thousand devices were reported lost or stolen in the 2021-22 school year. @WGNMorningNews
https://twitter.com/laurenjiggetts/status/1745079262636343792

@libsoftiktok: Pro-Palestinian insurrectionists breached the Colorado Capitol today, shutting down official proceedings while shouting g*noci*al slogans. I’m sure the FBI will track them all down, throw them in gulags, and they will sit in prison for years. (Liberal privilege)
https://twitter.com/libsoftiktok/status/1745173423310127565

Army Colonel J6 Witness: ‘Milley Is the Don Barzini of the Deep State’
The colonel and Army lawyer challenging the Army’s official narrative of the events and leadership decisions during the Capitol Hill protests on Jan. 6, 2021—a narrative relied upon by the Colorado Supreme Court when it struck President Donald J. Trump from the ballot — told RedState then-Chairman of the Joint Chiefs of Staff Gen. Mark A. Milley was the black hand operating outside his legal authority to delay the District of Columbia National Guard from responding the protests that day.
    “Milley is the Don Barzini of the Deep State,” said Col. Earl G. Matthews, the Harvard Law School graduate, who was the senior legal advisor to Maj. Gen. William J. Walker, the D.C. National Guard’s commanding general from March 2018 through April 2021.
    “He’s the most powerful chairman of the joint chiefs in history,” Matthews said. “It was Milley all along, and I didn’t realize it. Milley was manipulating this entire stuff from point start.”…
https://redstate.com/mccabe/2024/01/10/army-colonel-j6-witness-milley-is-the-don-barzini-of-the-deep-state-n2168511

GREG HUNTER

Bigger War, Bigger Fraud and Bigger CV19 Death Toll

Bigger War, Bigger Fraud and Bigger CV19 Death Toll

By Greg Hunter On January 12, 2024 In Weekly News Wrap-Ups12 Comments

By Greg Hunter’s USAWatchdog.com (WNW 616 for 1/12/24)

This is the year of bigger, and in this case, bigger is NOT better. There is a bigger war brewing in the Middle East – much bigger. Some say this is the beginning of WWIII. There is no end in sight for the conflicts all over the region. You have a hot war in Gaza. Hezbollah is ready to ramp it up in Lebanon on Israel’s Northern border, and the US and UK both opened up big attacks on the Iranian backed Houthis in Yemen. Meanwhile, Iran was busy taking an oil tanker by force near the Strait of Hormuz. You have conflict on the biggest choke points for oil tankers and shipping at the Red Sea and the Persin Gulf. Is there a big economy-killing oil spike coming? If this keeps going, and it will, the answer is yes.

It’s hard to believe the fraud being conducted to keep Donald Trump from running for his old job in 2024 could get any bigger, but it has. The Georgia DA, Fani Willis, prosecuting the Trump Rico case is in hot water for sending her boyfriend to the White House just before the Trump indictment for RICO charges. Marjorie Taylor Green is seeking criminal referrals for all involved. Even if Willis could get a conviction on her case, there are many avenues for it all to fall apart on appeal. Colluding with the Biden White House to jail a political opponent is a huge “get out of jail free” card. Somebody other than Trump may go to jail for what President 45 calls election interference. It’s hard to disagree when you have fraud in your face that is this big.

Bigger numbers of those who “died suddenly” and so-called “medical emergencies” because of the CV19 bioweapon vax are soaring, according to NYU Professor Mark Crispin Miller (MCM). Of course, the deaths and disabilities are caused by the CV19 bioweapon vax, but the Lying Legacy Media is trying to cover up and gaslight the public into thinking it’s not really a problem. But it is a problem, a huge problem, and it is getting worse. With more than 700 million CV19 injections that have “intentionally toxic” ingredients, it is only going to get worse and become a much bigger death toll and disability. This is why MCM is asking for all the help you can give him to help document this historic tragedy and murder program. (You can donate to MCM’s “Died Suddenly Project” by clicking here.) He wants to get the truth out that the demonic population-reducing globalists want to keep hidden.

There is much more in the 57-minute newscast.

Join Greg Hunter of USAWatchdog.com as he talks about these stories and more in the Weekly News Wrap-Up for 1.12.24.

(To Donate to USAWatchdog.com click here)

Bigger War, Bigger Fraud and Bigger CV19 Death Toll

After the Interview:

Craig Hemke from TF Metals Report will be the guest for the Saturday Night Post. We escaped 2023 without a major economic fall, but 2024 will offer no escape from huge economic problems even if it is an election year. Yes, bigger economic problems are coming too. Hemke will explain in detai

SEE YOU ON MONDAY

SHANGHAI GOLD (USD) FUTURES – QUOTES

SHANGHAI GOLD (USD) FUTURES – QUOTES

GOLD: NUMBER OF NOTICES FILED FOR JAN/2023. CONTRACT: 75 NOTICES FOR 7500 OZ or 0.2332 TONNES

total notices so far: 3273 contracts for 327,300 oz (10.1804 tonnes)

FOR JANUARY:

SILVER NOTICES 67 NOTICE(S) FILED FOR 335,000 OZ/

total number of notices filed so far this month : 761 for 3,805,000 oz

Will Direct Lithium Extraction Disrupt The $90B Lithium Market?

The Lithium Problem

The Solution: Direct Lithium Extraction

Providing the World with Lithium

Futures Slide As Earnings Season Begins, Oil Surges After US Strikes Houthi Rebels In Yemen

European bourses firmer, US mixed ahead of a deluge of earnings; Crude soars amid geopolitical tensions; US PPI due – Newsquawk US Market Open

EUROPEAN TRADE

EQUITIES

FX

FIXED INCOME

COMMODITIES

US/UK strikes on Houthi targets

GEOPOLITICS

CRYPTO

APAC TRADE

AfD Bundestag Member Vows To Deport Foreigners From Germany “By The Millions”

“Futile Waste Of Human Resources & Money” – EU PM Says West Got Ukraine All Wrong

The EU’s Worst-Nightmare: Pitchforks!

Sirens heard at US Embassy in Iraq – report

The event came within a half hour of reports that the United States and Britain had begun striking Houthi targets in Yemen, and if it was indeed an attack, it was presumably an act of retaliation.

Iranian-backed groups had warned they would respond to attacks on Houthis

A) US, UK carrying out strikes against Houthi targets in Yemen — officials

US, UK airstrikes pound Yemen for first time after weeks of Houthi Red Sea attacks

US official says Iran is primary enabler of rebel group responsible for post-October 7 maritime disruptions; Houthi official vows retaliation, as fears of regional escalation grow

SANAA, Yemen — Heavy US and British airstrikes pounded targets in Houthi-controlled areas of Yemen early Friday after weeks of disruptive attacks on Red Sea shipping by the Iran-backed rebel forces

Saudi’s ‘great concern’

‘Consequences’

Times of Israel staff contributed to this report.

B) JERUSALEM POST/LAST NIGHT

Strikes against Houthis carried out by planes, ships, and submarines

Iran-backed militias in Iraq: if Yemen is attacked, we will hit an American base

The Middle East is on edge after US and UK strikes on Yemen’s Houthis. Here’s what we know

Gaza War Expands As US, UK Warplanes Bomb Houthi Strongholds In Yemen

Fresh Attack On US Base At Syrian Oilfield After Coalition Bombs Yemen: Reports

Israel On Trial Day 2: Israeli defense refutes South Africa’s genocide charge

South Africa presented their arguments to the court at a three-hour hearing on Thursday in the Hague, the Netherlands.

IDF says more than 700 Hamas rocket launchers destroyed since start of Gaza ground offensive

Russia calls US idea to confiscate Russian assets ’21st century piracy’

GLOBAL VACCINE/COVID ISSUES

New Zealand Fudged the Data on How the Kidneys Fare After the COVID Vaccines

Hiding the Data in New Zealand

Other Findings of Kidney Injury Post-COVID Vaccination

If You Think the Kidneys Were Hit Hard . . .

Advanced Prostate Cancer Cases On The Rise After Years Of Decline

Survival Rates Are High, But Concerns Grow Over Advanced Cases

The Debate Around PSA Screenings for Prostate Cancer

Risk of Developing Prostate Cancer

What to Know About Prostate Health

Natural Ways to Keep the Prostate Healthy

Eat a nutritious diet

Maintain vitamin D levels

Exercise regularly

Japanese health ministry admits to second “undeniable” causal link between a COVID mRNA vaccine & death when healthy teen girl was found unresponsive after 3rd Pfizer injection; will Bourla, Bancel,

Malone, Sahin, Weissman, Kariko et al. please stand up! Will the ‘inventors’ of mRNA technology & the mRNA vaccine please stand up & explain this risk to children? Blood is on their hands!

SAGE HANA has raised questions about Bret Weinstein’s statements across time especially as to lockdowns et al. and how wrong they were; I have been sharing SAGE & some folk attacked me; I say fu*k you

fu*k you for attacking SAGE for if you do not like it, don’t read his or her work, I like their work, & I say fu*k you; SAGE is right, enough to question; its a question, we learn by discourse, debate

Rancourt is correct, SAGE HANA is 100% correct, & I have written same, COVID is/was a 100% lie, fraud, COVID was never ever a pandemic; we killed the vast majority by medical management, we killed via

denial of treatment (beds for COVID), collaterol damage from lockdown lunacy, deaths from the vaccine & vast majority from isolation, sedation (propofol, midazolam, morphine), Remdesivir, ventilator

LATEST REPORTS FOR NEWS JUNKIES

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

New Protests Threaten to Take Key Libyan Refinery Offline

Ecuador Needs A Second Amendment After Days Of Narcoterrorism

Yield Curve Dis-Inverts As ‘Ummm-flation’ Sparks Surge In Rate-Cut Odds, Ethereum, & MAG7 Stocks

Core Producer Prices At Record High In December, Up 17% Since Biden Elected

Manhattan Apartment Hunters Get No Relief Ahead Of Spring Season

Biden “Saves” Democracy By Destroying It; VDH

Texas Seizes Control Of Border City Park, Escalating War Against Illegal Immigration

Attention Men: Your UNjected Wife is Waiting!

Fanigate Goes Full Jerry Springer: DA’s Alleged Lover Left Wife ‘In Dire Need’ After Failing To Disclose $700K According To Divorce Docs

Fani Spanked: Jim Jordan Launches Investigation Into DA’s Alleged Lover As Trump-Georgia Case Goes Off The Rails

Hunter Cracks, Will Sit For Closed-Door Deposition After All

Bigger War, Bigger Fraud and Bigger CV19 Death Toll

Share this:

fuk you for attacking SAGE for if you do not like it, don’t read his or her work, I like their work, & I say fuk you; SAGE is right, enough to question; its a question, we learn by discourse, debate