JAN 22//GOLD CLOSED DOWN $6.00 TO $2021.00//SILVER WAS DOWN $0.45 TO $22,14//PLATINUM WAS DOWN $12.20 TO $896.30 WHILE PALLADIUM WAS DOWN $6.05 TO $938.70/GOLD COMMENTARIES TODAY FROM PETER SCHIFF//HUGE MARGIN CALLS IN CHINA DUE TO SNOWBALL DERIVATIVE BLOWUPS//CHINA NOW FACING DEFLATION//ISRAEL VS HAMAS UPDATES/WEST BANK UPDATES//ISRAEL VS HEZBOLLAH UPDATES/HOUTHIS,USA UPDATES//COVID UPDATES, VACCINE INJURIES REPORT//DR PAUL ALEXANDER//SLAY NEWS//NEWS ADDICTS//MAERSK WARNS OF SHIPPING DISTRUPTIONS DUE TO RED SEA ATTACKS//USA DATA: LEADING INDICTORS FALTER//SWAMP STORIES FOR YOU TONIGHT..
363 H WELLS FARGO SEC 13 624 H BOFA SECURITIES 12 661 C JP MORGAN 6 685 C RJ OBRIEN 1 737 C ADVANTAGE 21 3 880 H CITIGROUP 8 905 C ADM 20
TOTAL: 42 42 MONTH TO DATE: 5,975
JPMorgan stopped 6/42 contracts.
FOR JAN.:
GOLD: NUMBER OF NOTICES FILED FOR JAN/2024. CONTRACT: 42 NOTICES FOR 4200 OZ or 0.1306 TONNES
total notices so far: 5975 contracts for 597500 oz (18.584 tonnes)
FOR JANUARY:
SILVER NOTICES 87 NOTICE(S) FILED FOR 435,000 OZ/
total number of notices filed so far this month : 867 for 4,335,000 oz
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END
BOTH GLD AND SLV ARE FRAUDULENT VEHICLES
GLD
WITH GOLD DOWN $6.00
INVESTORS SWITCHING TO SPROTT PHYSICAL (PHYS) INSTEAD OF THE FRAUDULENT GLD/ : /HUGE CHANGES AT THE GLD:A WITHDRAWAL OF 1.15 TONNES OF GOLD FROM THE GLD
INVENTORY RESTS AT 860.95 TONNES
SLV//
WITH NO SILVER AROUND AND SILVER DOWN 45 CENTS AT THE SLV//
NO CHANGES IN SILVER INVENTORY AT THE SLV:
INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV.
CLOSING INVENTORY: 432.493 MILLION OZ
Let us have a look at the data for today
SILVER//OUTLINE
SILVER COMEX OI ROSE BY A MEGA HUMONGOUS SIZED 2,383 CONTRACTS TO 135,626 AND CLOSER TO THE RECORD HIGH OI OF 244,710, SET FEB 25/2020 AND THIS HUMONGOUS SIZED GAIN IN COMEX OI WAS ACCOMPLISHED DESPITE OUR LOSS OF $0.11 IN SILVER PRICING AT THE COMEX ON FRIDAY. WE HAD A ZERO LONG LIQUIDATION, BUT MAJOR SPEC SHORT COVERING BUT AT SLIGHTLY LOWER PRICES. WE HAD CONSIDERABLE T.A.S. LIQUIDATION AT THE COMEX SESSION. WE HAD A GOOD 610 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 FRIDAY NIGHT: 610CONTRACTS. 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 $0.11), BUT WERE UNSUCCESSFUL IN KNOCKING ANY SILVER LONGS AS WE HAD A HUGE 2723 CONTRACT GAIN ON OUR TWO EXCHANGES..
WE MUST HAVE HAD:
A FAIR SIZED 340 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 NIL OZ QUEUE. JUMP NEW TOTALS 6.5525 MILLION OZ//
//NEW STANDING FOR SILVER IS THUS 6.5525 MILLION OZ
//HUGE SIZED COMEX OI GAIN/STRONG SIZED EFP ISSUANCE/ VI) GOOD SIZED NUMBER OF T.A.S. CONTRACT ISSUANCE 610 CONTRACTS)/
I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL -REMOVED 148CONTRACTS //
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 14 days, total 10,162 contracts: OR 50.810 MILLION OZ (725 CONTRACTS PER DAY)
TOTAL EFP’S FOR THE MONTH SO FAR: 50.810 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: 50.81 MILLION OZ//WILL BE A VERY STRONG MONTH FOR ISSUANCE
RESULT: WE HAD A HUGE SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 2383CONTRACTS DESPITE OUR GAININ PRICE OF SILVER PRICING AT THE COMEX//FRIDAY.,. THE CME NOTIFIED US THAT WE HAD A FAIR EFP ISSUANCE CONTRACTS: 340 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 NIL OZ QUEUE JUMP //NEW TOTAL 5.525 MILLION OZ TO WHICH WE ADD EX. FOR RISK ISSUANCE/PRIOR FOR 1.0 MILLION OZ //NEW TOTALS; 6.525 MILLION OZ/
NEW STANDING 6.525 million OZ /// WE HAVE A HUGE SIZED GAIN OF 2723OI CONTRACTS ON THE TWO EXCHANGES DESPITE THE LOSS IN PRICE. THE TOTAL OF TAS INITIATED CONTRACTS TODAY: A STRONG SIZED 610CONTRACTS//HUGE FRONT END OF THE TAS CONTRACTS WERE LIQUIDATED DURING THE FRIDAY COMEX SESSION/RAID// WITH CONSIDERABLE SHORT COVERINGS FROM OUR SPEC SHORTS BUT AT SLIGHTLY LOWER PRICES.. THE NEW TAS ISSUANCE FRIDAY NIGHT (610) WILL BE PUT INTO “THE BANK” TO BE COLLUSIVELY USED AT A LATER DATE//PROBABLY TODAY., .
WE HAD 87 NOTICE(S) FILED TODAY FOR 435,000 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 8612 CONTRACTS TO 465,860 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 619 CONTRACTS
WE HAD A STRONG SIZED DECREASE IN COMEX OI ( 8,612 CONTRACTS) DESPITE OUR $8.15 GAININ PRICE//FRIDAY. 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 6700 OZ QUEUE JUMP//NEW STANDING: 18.663 TONNES // ALL OF THIS HAPPENED WITH OUR $8.15 GAIN IN PRICE WITH RESPECT TO FRIDAY’S TRADING. WE HAD A FAIR SIZED LOSS OF 2926 OI CONTRACTS (11.025)PAPER TONNES) ON OUR TWO EXCHANGES.
E.F.P. ISSUANCE
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A STRONG SIZED 5067CONTRACTS:
The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 465,860
IN ESSENCE WE HAVE A FAIR SIZED DECREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 2926 CONTRACTS WITH 8,612 CONTRACTS DECREASED AT THE COMEX// AND A STRONG SIZED 5067EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI LOSS ON THE TWO EXCHANGES OF 3545 CONTRACTS.. WE HAD THE FOLLOWING TAS CONTRACTS INITIATED (ISSUED): A FAIR SIZED 1297CONTRACTS.
CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES
WE HAD A STRONG SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (5067CONTRACTS) ACCOMPANYING THE STRONG SIZED LOSS IN COMEX OI (8612) //TOTAL LOSS FOR OUR THE TWO EXCHANGES: 3545 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 6700 OZ QUEUE JUMP//NEW STANDING 18.663 TONNES. / 3) LITTLE LONG LIQUIDATION AND CONSIDERABLE TAS LIQUIDATION WITH MAJOR SHORT COVERINGS BUT AT HIGHER PRICES.// 4) STRONG SIZED COMEX OPEN INTEREST LOSS/ 5) STRONG ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER///6: FAIR T.A.S. ISSUANCE: 1297CONTRACTS
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: 52,824 CONTRACTS OR 5,282,400OZ OR 164,30 TONNES IN 14 TRADING DAY(S) AND THUS AVERAGING: 3773 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 14 TRADING DAY(S) IN TONNES 164.30 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2022, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 164.30/3550 x 100% TONNES 4.61% OF GLOBAL ANNUAL PRODUCTION
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: 164.30 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 FEB. 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 HUMONGOUS SIZED 2383CONTRACTS OI TO 135,626 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 340 CONTRACTS
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
MARCH 340 and ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 340 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 2383 CONTRACTS AND ADD TO THE 340 OI TRANSFERRED TO LONDON THROUGH EFP’S,
WE OBTAIN A HUMONGOUS SIZED GAIN OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES OF 2723CONTRACTS
THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES TOTAL 13.615 MILLION OZ
c) Commentaries from: Egon von Greyerz///Matthew Piepenburg via GoldSwitzerland.com, Pam and Russ Martens
ii a) Chris Powell of GATA provides to us very important physical commentaries
b. Other gold/silver commentaries
c. Commodity commentaries//
d)/CRYPTOCURRENCIES/BITCOIN ETC
2.ASIAN AFFAIRS//
MONDAY MORNING/SUNDAY NIGHT
SHANGHAI CLOSED DOWN 75.94 PTS OR 2.68% //Hang Seng CLOSED DOWN 347.51 PTS OR 2.27% /The Nikkei CLOSED UP 583.68 OR 1.62% //Australia’s all ordinaries CLOSED UP 0.65% /Chinese yuan (ONSHORE) closed DOWN AT 7.1954 /OFFSHORE CHINESE YUAN CLOSED DOWN TO 7.2034 /Oil DOWN TO 73.74 dollars per barrel for WTI and BRENT DOWN AT 78.65/ Stocks in Europe OPENED MOSTLY ALL GREEN// ONSHORE YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING WEAKER AGAINST US DOLLAR/OFFSHORE WEAKER
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 8,612 CONTRACTS TO 465,560 DESPITE OUR GAIN IN PRICE OF $8.15 WITH RESPECT TO FRIDAY TRADING. WE MUST HAVE SOME LONG SPEC LIQUIDATIONS IN THE COMEX SESSION WITH HUGE SPEC SHORT COVERINGS AT THE HIGHER PRICES.
EXCHANGE FOR PHYSICAL ISSUANCE
WE ARE NOW IN THE NON ACTIVE DELIVERY MONTH OF JAN..… THE CME REPORTS THAT THE BANKERS ISSUED A FAIR SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS.,
THAT IS 5067 EFP CONTRACTS WERE ISSUED: : FEB 5067 & ZERO FOR ALL OTHER MONTHS:
TOTAL EFP ISSUANCE: 5067CONTRACTS
ON A NET BASIS IN OPEN INTEREST WE LOST THE FOLLOWING TODAY ON OUR TWO EXCHANGES: A FAIR SIZED TOTAL OF 3545 CONTRACTS IN THAT 5067 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE HAD A STRONG LOSS OF 8612 COMEX CONTRACTS..AND THIS FAIR SIZED LOSS ON OUR TWO EXCHANGES HAPPENED DESPITE OUR GAIN IN PRICE OF $8.15 FRIDAY COMEX. AS PER OUR NEWBIE TRADE AT SETTLEMENT (TAS) MANIPULATION OPERATION (WHICH CRAIG HEMKE HAS POINTED OUT HAPPENS DURING MID MONTH IN THE DELIVERY CYCLE), THE CME REPORTS THAT THE TOTAL T.A.S. ISSUANCE FOR FRIDAY NIGHT WAS A FAIR SIZED 1,297 CONTRACTS. THROUGHOUT THE PAST SEVERAL WEEKS, THE BANKERS SOLD OFF THE LONG SIDE OF THE SPREAD WHICH OF COURSE CONTINUES TO MANIPULATE THE PRICE OF GOLD SOUTHBOUND. (THEY KEEP THE SHORT SIDE OF THE CALENDAR/T.A.S. SPREAD WHICH WILL BE LIQUIDATED IN DAYS HENCE//.
// WE HAVE A STRONG AMOUNT OF GOLD TONNAGE STANDING: JAN (18.663 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
DEC. 47.073 + 4.634 TONNES OF EXCHANGE FOR RISK = 51.707TONNES
TOTAL 2023 YEAR : 436.546 TONNES
JAN ’24. 18.663 TONNES
THE SPECS/HFT WERE UNSUCCESSFUL IN LOWERING GOLD’S PRICE( IT GAINED $8.15 //// BUT WERE SUCCESSFUL IN KNOCKING FEW SPECULATOR LONGS AS WE HAD A FAIR SIZED LOSS OF 3545TOTAL CONTRACTS ON OUR TWO EXCHANGES. WE HAD A STRONG T.A.S. LIQUIDATION ON THE FRONT END OF FRIDAY’S TRADING . THE T.A.S. ISSUED ON FRIDAY NIGHT, WILL BE “PUT INTO THE BANK” TO BE USED AT A LATER DATE AT THE COLLUSIVE CHOOSING OF OUR BANKERS. WE ALSO EXPERIENCED CONSIDERABLE SPECULATOR SHORT COVERING BUT AT HIGHER PRICES.
WE HAVE LOST A TOTAL OI OF 11.025PAPER TONNES FROM OUR TWO EXCHANGES, ACCOMPANYING OUR INITIAL GOLD TONNAGE STANDING FOR JAN. (8,214 TONNES) ON FIRST DAY NOTICE FOLLOWED BY TODAY’S 6700 OZ QUEUE JUMP (0.2083 TONNES): NEW TOTAL STANDING 18.497 TONNES/ ALL OF THIS WAS ACCOMPLISHED WITH OUR GAIN IN PRICE TO THE TUNE OF $8.15
WE HAD – REMOVED 619 CONTRACTS TO THE COMEX TRADES TO OPEN INTEREST (CROOKS)
NET LOSS ON THE TWO EXCHANGES 3545 CONTRACTS OR 354,500 OZ OR 11.025 TONNES.
Total monthly oz gold served (contracts) so far this month
5975 notices 597,500 oz 18.584 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 deposits:
total dealer deposits: nil oz
total customer withdrawals: 1
i)out of Brinks: 257.208 (8 kilobars)
total withdrawals 257.208 oz
we had 0 customer deposits
total deposits NIL oz
Adjustments; 4 dealer to customer
i) 9259.488 oz JPMorgan
ii) 482.265 Brinks
iii) 385.812 oz Malca
iv) 1543.248 oz Manfra
CALCULATIONS FOR THE AMOUNT OF GOLD STANDING FOR JAN.
For the front month of JANUARY we have an oi of 67 contracts having LOST 1431 contracts. We had 1498 notices served on FRIDAY, so we gained 67 contracts or an additional 6700 oz will stand for delivery at the comex .
FEB LOST 14,572 CONTRACTS FALLING TO 182,407
March LOST 2 contracts to stand at 775.
APRIL GAINED 7140 CONTRACTS RISING TO 216,929.
We had 42 contracts filed for today representing 4200 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 42 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 6 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 (5975 x 100 oz ), to which we add the difference between the open interest for the front month of JAN. (67 CONTRACTS) minus the number of notices served upon today 42 x 100 oz per contract equals 600,000 OZ OR 18.663 TONNES
thus the INITIAL standings for gold for the JAN.contract month: No of notices filed so far (5975) x 100 oz + (67) {OI for the front month} minus the number of notices served upon today (42) x 100 oz) which equals 600,000oz standing OR 18.663 TONNES
TOTAL COMEX GOLD STANDING FOR JAN: 18.663 TONNES WHICH IS GREAT FOR AN INACTIVE DELIVERY MONTH IN THE CALENDAR.
TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD: 19,961,283.385 OZ
TOTAL REGISTERED GOLD 9,197,863.933 (286.092 tonnes).
TOTAL OF ALL ELIGIBLE GOLD: 10,763,419.4523 OZ
REGISTERED GOLD THAT CAN BE SERVED UPON: 7,753,5628 oz (REG GOLD- PLEDGED GOLD) 241.16 tonnes
END
SILVER/COMEX
JAN 22/INITIAL
//2024// THE JAN 2023 SILVER CONTRACT//INITIAL
Silver
Ounces
Withdrawals from Dealers Inventory
NIL oz
Withdrawals from Customer Inventory
2,536,722.950 oz
ASAHI Brinks JPMorgan Loomis
.
Deposits to the Dealer Inventory
428,471.100OZ ASAHI
Deposits to the Customer Inventory
26,246.187 oz ASAHI CNT
No of oz served today (contracts)
87 CONTRACT(S) (435,000 OZ)
No of oz to be served (notices)
238 contracts (1,190,000 oz)
Total monthly oz silver served (contracts)
867 Contracts (4,335,000 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 2 deposits customer account:
i) Into ASAHI: 103,098.200 oz
ii) Into CNT: 23,147.987 oz
total customer deposits 126,246.187 oz
JPMorgan has a total silver weight: 131.341 million oz/278.315 million or 47.12%
adjustment: 0
Comex withdrawals: 4
i) Out of ASAHI 1,195,651.120 oz
ii) Out of Brinks 175,940.270 z
iii) out of JPMorgan: 582,305.200 oz
iv0 Out of Loomis 582,826.360 oz
total withdrawal: 2,536,722.950 oz oz
TOTAL REGISTERED SILVER: 42.418 MILLION OZ//.TOTAL REG + ELIGIBLE. 278.315 million oz
CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR DECEMBER:
silver open interest data:
FRONT MONTH OF JAN. /2023 OI: 325 CONTRACTS HAVING LOST 2 CONTRACT(S). WE HAD 2 NOTICES SERVED ON FRIDAY, SO WE GAINED 0 CONTRACTS OR AN ADDITIONAL NIL OZ WILL STAND FOR DELIVERY AT THE COMEX
FEB GAINED 18 CONTRACTS TO STAND AT 868
MARCH GAINED 1681 CONTRACTS TO 103,876
TOTAL NUMBER OF NOTICES FILED FOR TODAY: 87 for 435,000 oz
Comex volumes// est. volume today 75,394//good/raid
Comex volume: confirmed yesterday 43,632 fair
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 867 x 5,000 oz = 4335,000 oz
to which we add the difference between the open interest for the front month of JAN. (325) and the number of notices served upon today 87 x (5000 oz) equals the number of ounces standing.
Thus the standings for silver for the DEC/2023 contract month: 867 (notices served so far) x 5000 oz + OI for the front month of JAN. (325) – number of notices served upon today (87 )x 500 oz of silver standing for the JAN contract month equates to 5.525 MILLION OZ. to which we add our exchange for RISK of 1.0 million oz//new total 6.525 million oz/
New total standing: 6.525 million oz.
There are 42.418 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 22/WITH GOLD DOWN $6.00 TODAY:HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.15 TONNES OF GOLD FROM THE GLD/ //://INVENTORY RESTS AT 860.95 TONNES
JAN 19/WITH GOLD UP $8.15 TODAY:NO CHANGES IN GOLD INVENTORY AT THE GLD //://INVENTORY RESTS AT 862.10 TONNES
JAN 18/WITH GOLD UP $14.85 TODAY:HUGE CHANGES IN GOLD INVENTORY AT THE GLD A WITHDRAWAL OF 2.30 TONNES OF GOLD FROM THE GLD//://INVENTORY RESTS AT 862.10 TONNES
JAN 17/WITH GOLD DOWN $23.25 TODAY: BIG CHANGES IN GOLD INVENTORY AT THE GLD A DEPOSIT OF .549 TONNES OF GOLD INTO THE GLD.;//://INVENTORY RESTS AT 864.40 TONNES
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
GLD INVENTORY: 860.95 TONNES
Now the SLV Inventory/( vehicle is a fraud as there is no physical metal behind them
JAN 22/WITH SILVER DOWN $0.45 TODAY NO CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 458,000 OZ OUT OF THE SLV // //INVENTORY RESTS AT 432.493 MILLION OZ
JAN 19/WITH SILVER DOWN $0.11 TODAY HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 458,000 OZ OUT OF THE SLV // //INVENTORY RESTS AT 432.493 MILLION OZ
JAN 18/WITH SILVER UP $0.13 TODAY NO CHANGES IN SILVER INVENTORY AT THE SLV: // //INVENTORY RESTS AT 432.951 MILLION OZ
JAN 17/WITH SILVER DOWN $0.38 TODAY HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 779,000 OZ FROM THE SLV.: // //INVENTORY RESTS AT 433.500 MILLION OZ
JAN 16/WITH SILVER DOWN $0.08 TODAY NO CHANGES IN SILVER INVENTORY AT THE SLV: // //INVENTORY RESTS AT 433.500 MILLION OZ
JAN 12/WITH SILVER UP $0.62 TODAY NO CHANGES IN SILVER INVENTORY AT THE SLV: // //INVENTORY RESTS AT 433.500 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
CLOSING INVENTORY 432.493 MILLION OZ//
PHYSICAL GOLD/SILVER COMMENTARIES
1:Peter Schiff/Mike Maharrey
Higher For Longer? Insights From The Copper/Gold Ratio
In the realm of institutional asset management, the copper/gold ratio (blue line) has served as a key indicator for some, providing insights into the potential trajectory of 10-year Treasury yields (red line).
There are unique dynamics at play between these two metals, with copper being an industrial necessity and gold serving as a stable safe-haven.
While the absolute level of the copper/gold ratio may not be crucial, its directionality holds significance.
Broadly speaking, the copper/gold ratio becomes an indicator of the market’s risk appetite versus the perceived safety of Treasuries.
Some experts use this ratio as a leading indicator, offering valuable insights into the potential direction of the 10-year U.S. Treasury yield.
Historically, when divergences surface between 10-year yields and the copper/gold ratio, the 10-year yields tend to follow the trend indicated by the copper-gold ratio.
During the third quarter of 2022, a substantial divergence emerged. Yields started moving higher, while the copper-gold ratio moved lower.
This divergence has continued to grow throughout 2023, an unusual occurrence given their typically high correlation. The current divergence implies a potentially significant downward move in Treasury yields within the next 6-12 months.
Interestingly, this aligns with observations within monetary policy circles. The latter half of 2023 has witnessed a discernible shift toward a more dovish stance at the Fed policy-making table.
This transformation is driven by mounting evidence indicating a softening of price pressures and a cooling labor market, despite the Fed’s series of rate hikes from March 2022 to July 2023.
Even previously hawkish policymakers, including Fed Governor Christopher Waller, have stepped back from their earlier support for rate increases.
Deutsche Bank’s Brett Ryan highlighted this shift, stating, “Everybody is a hawk when you are fighting inflation. As the upside risks to inflation have diminished, they have changed their view.”
Following the decision to keep rates steady at 5.25%-5.50% a few weeks ago, Fed Chair Jerome Powell acknowledged that the timing of rate cuts would be the Fed’s “next question,” causing bond yields to drop and markets to factor in the anticipation of swift policy rate reductions starting as early as March, according to the Fedwatch indicators.
The intricate dance between the copper-gold ratio and 10-year Treasury yields reveals a compelling narrative. The ongoing divergence, particularly evident since the end of 2022, suggests a potentially significant downward shift in Treasury yields sometime this year.
For those still undecided on the trajectory of interest rates, the historical reliability of the copper/gold ratio suggests a strong signal—a downward trajectory in the coming year. An outcome that is likely to align with a response to the next significant economic disaster.
In the last few decades, there has been a global shift towards a “cashless world,” a trend that continues to shape financial autonomy. Physical currency is becoming increasingly rare as the majority of the world’s money supply exists in electronic form. Governments and financial institutions are actively promoting a cashless society, raising concerns about individual financial freedom.
The Federal Reserve’s last annual update on physical currency in circulation reported about 2.2 trillion dollars in physical cash supply. This includes physical coins (dimes, quarters, dollars) and green Federal Reserve notes. Nevertheless, there has been a rapid shift towards electronic funds. In the current era, the total global money supply is predominantly composed of electronic funds, with physical currency representing a diminishing percentage.
The concept of Central Bank Digital Currencies (CBDC) in the last year has gained substantial prominence globally.IMF Director Kistalina Georgieva noted in her speech last year that CBDCs have already been introduced in The Bahamas, Jamaica, and Nigeria, with over 100 additional countries (including the United States) currently in the exploratory phase.
The push towards a cashless society is often justified on grounds of enhanced security, with claims that electronic transactions deter terrorism, money laundering, and counterfeiting.
However, upon closer examination, it becomes apparent that the primary objective is an attempt to ‘bar the doors’ and keep assets within the US Financial System. Reduced reliance on physical cash facilitates increased monitoring and taxation of financial transactions, aligning with the government’s and central planners’ interests.
Interestingly, even with the diminishing purchasing power of the US dollar, the face value of Federal Reserve notes has also been decreasing. Today, the highest denomination note produced by the Federal Reserve is the $100 note. The elimination of higher denominations, such as $500, $1,000, $5,000, and $10,000 notes, began in 1969. Discussions continue, with some advocating for the complete discontinuation of cash.
Governments benefit from a cashless system as it allows for more efficient taxation and central planning, while banks see advantages in increased fees and regulatory power.
A cashless society results in larger bank deposits, contributing to an expansion of the money supply through fractional reserve banking.
The move towards a cashless society raises concerns about individual control over personal wealth.
Governments and large banks are likely to exert increasing pressure to discourage holding liquid wealth outside the banking system.
Acquiring physical cash and precious metals may become more challenging, potentially reaching a point where coins and Federal Reserve notes are no longer considered legal tender.
Contrary to paper currency, the intrinsic value of precious metals, particularly gold and silver, has hardly been impacted by these government decisions. We talk more about this in our Confiscation Con white paper, here.
The use of gold and silver as money is determined ultimately by the free market and the free market alone.
As we continue to move towards a cashless era, it’s wise to contemplate shifting a larger portion of your electronic dollars into physical assets like gold and silver, particularly in anticipation of the impending Central Bank Digital Currency (CBDC). Gold and silver are the best historically reliable assets for safeguarding wealth, offering a prudent strategy to avoid becoming a casualty in the ongoing ‘war on cash.’
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:
Murphy is a former Goldman Sachs banker so this is no surprise
(JPCortez/MMN)
New Jersey governor pocket-vetoes unanimously passed bill to end sales tax on gold and silver
Submitted by admin on Sat, 2024-01-20 16:33 Section: Daily Dispatches
By JP Cortez Money Metals News Service, Eagle, Idaho Thursday, January 18, 2024
New Jersey Gov. Phil Murphy has unilaterally killed a bill that would have exempted the sales tax on purchases of gold and silver.
Bill A5294 / S1825 had passed out of both committees and both chambers of the New Jersey legislature without a single “no” vote. This popular bill had more than a dozen co-sponsors and had unanimous approval in each legislative chamber. Despite this Gov. Murphy chose not to enact the bill into law through the use of a pocket veto.
According to Bloomberg, “a pocket veto only applies to bills that passed in the last 10 days of a two-year legislative session, and is the only kind of veto in which the governor doesn’t return the bill to the legislature for a possible override.”
Alabama, Tennessee, Virginia, Mississippi, and Ohio have all recently enacted legislation to exempt gold and silver from state sales tax, or extend their existing exemption on the metals. In total 43 states have ended sales tax on gold and silver — including all three of New Jersey’s neighboring states. …
Chinese yuan challenges U.S. dollar as African trade embraces other currencies
Submitted by admin on Sun, 2024-01-21 23:00 Section: Daily Dispatches
By Jevans Myabiage South China Morning Post, Hong Kong Sunday, January 21, 2024
When you land at the Kenneth Kaunda International Airport in Lusaka, Zambia, one of the billboards welcoming you to the Zambian capital advertises the services of the Bank of China.
There are not many countries in Africa where the Chinese government-owned financial institution offers fully fledged banking services in yuan, the Chinese currency.
In addition to Zambia, the BOC has a branch in Johannesburg, South Africa, as well as a representative office in Kenya’s capital, Nairobi.
But it was in the southern nation of Zambia where BOC established its first African subsidiary, allowing customers to make deposits in and even withdraw Chinese yuan.
Branches in both Lusaka and Kitwe, a mining town in the country’s northern copper belt, serve the growing number of Chinese mining firms and immigrants.
Recently the lender also announced that its Zambian division would help to boost the use of the yuan for trade as part of China’s efforts to promote the Chinese currency in Africa. …
Pam and Russ Martens: A Fed whistleblower reveals efforts to silence him
Submitted by admin on Mon, 2024-01-22 10:33 Section: Daily Dispatches
By Pam and Russ Martens Wall Street on Parade Monday, January 22, 2024
The U.S. Department of Justice needs to immediately appoint an independent special counsel to investigate how long and in how many ways the U.S. central bank (the Federal Reserve) has been functioning as a protection racket for Wall Street mega-banks.
We’ll get to the latest revelation about the Fed bullying and intimidating a Fed official in a moment, but first some necessary background. …
Since 1945, a total of 3.5 million tonnes of uranium has been produced globally.
Together, Canada and the U.S. account for over 29% of global production, mining 932,000 tonnes over the last several decades.
*Until 1991, USSR comprised the uranium production of Russia, Kazakhstan, Uzbekistan, Ukraine and other former Soviet Union republics.
During the Cold War, the USSR mined over 377,000 tonnes of uranium for a variety of purposes including nuclear reactors and naval fuel.
Due to demand from nuclear reactors, uranium production sharply increased from the 1960s to the 1980s. With this came the construction of the earliest generation of nuclear plants. Today, about 436 nuclear reactors are in operation.
Since the war in Ukraine, uranium has drawn increased attention given its role in nuclear weapons. Ukraine had 15 nuclear reactors depending on uranium from Russia, but the country rapidly signed a deal with Canada due to their exposure to the crisis.
Similar to Ukraine, nuclear reactors in Finland were at risk since their Russian-made reactors relied on the know-how of Russian firms.
While uranium is used for defense purposes, it also plays a key role in electricity generation thanks to its low carbon footprint. In the U.S., about 19% of electricity is powered from nuclear plants, and around 10% of global electricity is from nuclear power sources.
END
5 B GLOBAL COMMODITY ISSUES/FOOD IN GENERAL//FREIGHT
1.YOUR EARLY CURRENCY VALUES/GOLD AND SILVER PRICING/ASIAN AND EUROPEAN BOURSE MOVEMENTS/AND INTEREST RATE SETTINGSMONDAY MORNING.7:30 AM
ONSHORE YUAN: CLOSED UP DOWN 7.1974
OFFSHORE YUAN: UP TO 7.2034
SHANGHAI CLOSED DOWN 75.94 PTS OR 2.68%
HANG SENG CLOSED DOWN 347.51 PTS OR 2.27%
2. Nikkei closed UP 583.68 PTS OR 1.62%
3. Europe stocks SO FAR: MOSTLY ALL GREEN
USA dollar INDEX DOWN TO 102.97 EURO RISES TO 1.0897 UP 3 BASIS PTS
3b Japan 10 YR bond yield:FALLS TO. +.645 Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 147.83/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 UP CHINESE ONSHORE YUAN: DOWN// OFFSHORE: DOWN
3f Japan is to buy INFINITE TRILLION YEN worth of BONDS. Japan’s GDP equals 5 trillion USA
Japan to buy 100% of all new Japanese debt and NOW they will have OVER 50% of all Japanese debt.
3g Oil 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 +2.2610***/Italian 10 Yr bond yield DOWN to 3.828** /SPAIN 10 YR BOND YIELD DOWN TO 3.191…**
3i Greek 10 year bond yield DOWN TO 3.281
3j Gold at $2029.60 silver at: 22.23 1 am est) SILVER NEXT RESISTANCE LEVEL AT $30.00
3k USA vs Russian rouble;// Russian rouble UP 0 AND 16 /100 roubles/dollar; ROUBLE AT 88.04//
3m oil into the 73 dollar handle for WTI and 78 handle for Brent/
3n Higher foreign deposits moving out of China// huge risk of outflows and a currency depreciation. This can spell financial disaster for the rest of the world/
JAPAN ON JAN 29.2016 CONTINUES NIRP. THIS MORNING RAISES AMOUNT OF BONDS THAT THEY WILL PURCHASE UP TO .5% ON THE 10 YR BOND///YEN TRADES TO 147,83// 10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 0.645% 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 0.8676 as the Swiss Franc is still rising against most currencies. Euro vs SF: 0.9455 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: 4.099 DOWN 5 BASIS PTS…
USA 30 YR BOND YIELD: 4.305 DOWN 5 BASIS PTS/
USA 2 YR BOND YIELD: 4.395 DOWN 1 BASIS PTS
USA DOLLAR VS TURKISH LIRA: 30.24…(TURKEY SET TO BLOW UP FINANCIALLY)
GREAT BRITAIN/10 YEAR YIELD: DOWN 3 BASIS PTS AT 3.9235
end
2.a Overnight: Newsquawk and Zero hedge
2 B) NOW NEWSQUAWK (EUROPE/REPORT)
Equities firmer & NQ outperforms, DXY flat and crude incrementally higher with overall newsflow light – Newsquawk US Market Open
MONDAY, JAN 22, 2024 – 05:54 AM
European bourses are firmer but within contained ranges, in the absence of any pertinent catalysts; US equity futures are modestly firmer, NQ outperforms as Tech continues to gain
Dollar trades around flat, G10’s generally rangebound in light of a quiet start to a busy week
Bonds lift, albeit incrementally, as attention turns to key central bank events starting from tomorrow
Crude is marginally firmer as geopolitical themes remain in focus; Base metals are lower following downbeat Chinese price action
Looking ahead, US Leading Index Change, BoJ SLOOS, Comments from ECB’s President Lagarde, Earnings from United Airlines
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EUROPEAN TRADE
EQUITIES
European bourses, Stoxx600 (+0.5%), started the session on a firmer footing though have been edging lower since, despite the absence of any pertinent catalysts.
European sectors have a strong positive tilt; Tech continues to build on the prior week’s strength whilst Basic Resources and Energy are both hampered by broader losses in the commodities complex.
US equity futures are modestly firmer across the board, with slight outperformance in the NQ (+0.7%), as the Tech-heavy index continues to build on the prior week’s strength.
Click here and here for the sessions European pre-market equity newsflow, including earnings.
USTs are incrementally firmer but still towards the lower-end of last week’s bounds, Fed blackout is underway but the week does have US GDP & PCE.
A slightly firmer start for the Bund with a 134.17 open vs Friday’s 134.00 close, lifting further from the 133.71-73 double-bottom from Thurs/Fri; EZ syndication to be announced today, expected to price later in the week.
Gilts are a touch firmer, in-fitting with peers; there is a potential for headline volatility as the pre-meeting blackout is yet to begin though nothing scheduled ahead of the Feb meeting.
WTI and Brent are modestly firmer, though spent the majority of the morning subdued given the recommencement of production at Libya’s El Sharara oilfield (300k BPD), support seemingly stemming from the overall tone and bouts of modest USD pressure.
Gold is under modest pressure as the tone overall remains constructive, despite a China-hindered APAC handover, alongside a firmer USD and retreat in yields.
Base metals are entirely in the red amid downbeat trade in China overnight, with particular underperformance in property names.
Libya’s El Sharara oilfield output restarted after protestors ended the sit-down which had shut down production, while the NOC declared lifting of a force majeure and resuming full production from the El Sharara field.
Russian energy company Novatek was forced to suspend some operations at a huge Baltic Sea fuel export terminal due to a fire following a suspected Ukrainian drone attack, according to Reuters.
UBS says in 2024 Platinum will again become moderately more expensive than Palladium; Sees Platinum at USD 1025/oz by end 2024; Sees Gold at USD 2250/oz by end-Q4’2024. Sees Silver at USD 28/oz by end-Q4’24.
EU’s Dombrovskis said the EU must find ways to prevent the bloc’s most sensitive technologies, companies and assets from “ending up in the wrong hands”, as the EU prepares to unveil economic security proposals, according to FT.
UK’s defined pensions market is likely to see GBP 80bln in pension de-risking transactions in 2024, via WTW.
NOTABLE US HEADLINES
Florida Governor DeSantis ended his presidential bid and endorsed Donald Trump.
GEOPOLITICS
MIDDLE EAST
Israel conducted a strike on southern Lebanon which killed a Hezbollah member and one other Lebanese person, according to security sources cited by Reuters.
Israel conducted an air strike on Damascus which killed 4 Iranian Revolutionary Guards, while Iranian President Raisi said the Israeli strike that killed Revolutionary Guards will not go unanswered, according to state media.
US, Egypt and Qatar are pushing Israel and Hamas to join a phased diplomatic process that would begin with the release of hostages and eventually lead to the withdrawal of Israeli forces and an end to the war in Gaza. However, the report also noted that a media adviser to Hamas said there was no real progress, while Israeli PM Netanyahu rejected Hamas’s demands which included an end to the war and said they would not be able to ensure the security of their citizens if they would have agreed to this.
Saudi’s Foreign Minister said they are very focused on de-escalation in Gaza and need to focus on a solution for the Palestinian issue, according to CNN.
US Central Command forces conducted air strikes against a Houthi anti-ship missile that was aimed at the Gulf of Aden on January 20th, according to Reuters.
US personnel suffered minor injuries and an Iraqi security forces member was wounded following an attack on the Ain al-Asad air base on Saturday which involved multiple ballistic missiles and rockets that were launched by Iranian-backed militants in western Iraq, although most of the missiles were intercepted, according to Reuters.
UK Defence Minister Shapps said the UK military scientists shot down drones for the first time by using DragonFire laser to cut through incoming targets at the speed of light. It was also reported that the UK Defence Ministry said it will spend GBP 405mln to upgrade its warship defence missile system currently being used in the Red Sea.
OTHER
Russian President Putin reportedly showed his intention to visit North Korea soon, while it was also reported that North Korea and Russia expressed concern over provocation acts by the US and its allies, Furthermore, North Korea and Russia agreed on cooperation in regional affairs and agreed that cooperation and joint assistance would be in accordance with the UN Charter and international laws.
Eight people were killed following an attack on Russian-controlled Donetsk, according to TASS. It was also separately reported that Russia took control of the village of Krokhmalne in the Karkiv region, according to IFX.
CRYPTO
Bitcoin nears the USD 40k level, whilst the Ethereum dips below the USD 2.5k mark.
Terraform Labs announced the strategic filing for Chapter 11 bankruptcy protection, while the filing is to allow it to execute its business plan as it navigates ongoing legal proceedings, according to Reuters.
APAC TRADE
APAC stocks were mixed following a catalyst-light weekend and as weakness in Chinese stocks clouded over the early momentum from last week’s record levels on Wall Street.
ASX 200 was led higher by consumer and real estate sectors which benefitted from slightly lower yields, while miners were pressured after weaker quarterly output by South32 and Lynas.
Nikkei 225 rallied and broke above 36,500 ahead of tomorrow’s BoJ announcement.
Hang Seng and Shanghai Comp underperformed amid notable weakness in tech and property which saw the Hang Seng Mainland Properties Index hit a record low, while sentiment remained pressured in the mainland amid ongoing economic concerns and the benchmark LPRs were kept unchanged, as expected.
NOTABLE HEADLINES
Chinese major state-owned banks are curtailing lending to tighten CNY liquidity in the offshore market, according to Reuters sources; banks are seen selling USD in the onshore FX market.
Shipments of smartphones within China are nearly flat Y/Y in December at 26.84mln handsets, according to CAICT.
Japanese PM Kishida says wage growth outpacing prices is a requirement for a virtuous cycle, requests firms provide larger pay rises this year. Wage hikes at small/medium firms are seen as essential.
Chinese Loan Prime Rate 1-Year (Jan) 3.45% vs. Exp. 3.45% (Prev. 3.45%)
Chinese Loan Prime Rate 5-Year (Jan) 4.20% vs. Exp. 4.20% (Prev. 4.20%)
DATA RECAP
South Korean January 1st-20th Exports fell 1.0% Y/Y and Imports fell 18.2% Y/Y, while Trade Balance is at a provisional deficit of USD 2.61bln, according to the customs agency.
Hong Kong Consumer Price Index (Dec) 2.4% vs. Exp. 2.5% (Prev. 2.6%)
2C ASIA AFFAIRS
MONDAY MORNING/SUNDAY NIGHT
SHANGHAI CLOSED DOWN 75.94 PTS OR 2.68% //Hang Seng CLOSED DOWN 347.51 PTS OR 2.27% /The Nikkei CLOSED UP 583.68 OR 1.62% //Australia’s all ordinaries CLOSED UP 0.65% /Chinese yuan (ONSHORE) closed DOWN AT 7.1954 /OFFSHORE CHINESE YUAN CLOSED DOWN TO 7.2034 /Oil DOWN TO 73.74 dollars per barrel for WTI and BRENT DOWN AT 78.65/ Stocks in Europe OPENED MOSTLY ALL GREEN// ONSHORE YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING WEAKER AGAINST US DOLLAR/OFFSHORE WEAKER
2 d./NORTH KOREA/ SOUTH KOREA/
NORTH KOREA/SOUTH KOREA
END
2e) JAPAN
JAPAN
3 CHINA
This is huge!! Derivatives known as snowball derivatives have blown up
Also the West are involved in these derivatives. We are close to an all out Chinese market crash!
(zerohedge)
China Stocks Crash Through ‘Snowball Derivatives’ Trigger Levels Overnight
Specifically, we warned that for those looking for the tipping point, pay especially close attention to the CSI 1000 Index dropping below the 5,300 level, where a wave of knock-ins triggers could accelerate exponentially.
According to Guotai Junan Futures, there are about 30 billion yuan ($4.2 billion) of snowball derivatives products tied to the CSI 1000 Index are near levels that trigger losses at maturity, according to Guotai Junan Futures Co, as the stock rout in #China’s stock market pushes the derivatives to near knock-in levels.
Another 60 billion yuan of the derivatives are 5%-10% away from their knock-in thresholds!
Finally, as Sino Market points out, most Snowball derivatives were opened from Feb to April 2023.
Since the downside knock-in put barriers are set to 75% or 80% of the spot price, dealers estimate that most of those are set at 5,180 points on the CSI 1000 index.
Sure enough, after the short-selling ban, we saw – as we always do – heavy selling pressure (long-selling) hit overnight since such trading prohibitions impede investors from determining accurate prices of assets and reduce market liquidity.
Research has consistently shown that banning short selling during stretches of particularly volatile equity market activity intensifies the volatility.
But, again, as Chinese stocks began freefalling, Bloomberg reports a sudden and sizable bidder emerged. Turnover on a handful of ETFs tracking the CSI 300 Index and the SSE 50 Index jump in afternoon trading, a sign that state-led buying continues.
But The National Team could not hold back the waterfall of liquidations from the snowball derivatives that smashed through trigger levels in both the CSI 500 and CSI 1000…
In other words, we are this close to a Chinese market crash… and with it the collapse of yet another wealth source for the ‘average jao’… and the potential threat that the CCP fears most – revolution.
Everything that Chinese authorities have tried has failed to convince money managers that the worst is behind us.
“China is a waiting game and we continue to be waiting,” said Mark Matthews, head of Asia research at Bank Julius Baer & Co., which is mostly avoiding Chinese equities.
How much longer can Beijing wait?
While no one really knows what Xi and his pals are thinking, some are wondering if the knock-in liquidation cascade will be the trigger that crashes the market and finally wakes up Chinese officials, forcing it to trigger the stimulus bazooka?
end
China now massively deflating!
Deflation is Making China’s Growth Look Much Better Than It Really Is
SUNDAY, JAN 21, 2024 – 11:20 PM
By John Liu and Zheng Wu, Bloomberg markets live reporters and strategists
Three things we learned last week:
1. China met its 2023 growth target but the data understated challenges. Data released Wednesday showed the world’s second-largest economy grew 5.2% last year, above Beijing’s official target of around 5%. Besides a low base in 2022, when stringent Covid curbs severely disrupted economic activities, the nation’s longest deflation streak since 1999 also boosted the headline growth number.
China’s gross domestic product was reported in real terms, after discounting the price factor in nominal growth. As consumer and factory-gate prices fell last year, the price adjustment effectively inflated the growth rate.
The difference, known as the GDP deflator, is now the biggest “inflator” in GDP calculation in 14 years. Some private-sector economists say last year’s actual growth was much lower.
2. Investor anxiety is growing over Beijing’s plan to fix the economy this year. News that China is considering 1 trillion yuan ($139 billion) of new special sovereign debt, only the fourth such sale in the past 26 years, did little to help market sentiment. The MSCI China index has dropped nearly 10% so far this year, down 60% from its peak in 2021. Disappointed local investors paid a premium of more than 10% for exchange-traded funds to chase Japanese stocks instead.
Investors had hoped for stronger public spending to offset weak consumption but were disappointed after Premier Li Qiang downplayed the idea of big stimulus again at the World Economic Forum in Davos. The People’s Bank of China’s surprise move to hold its key policy rate unchanged Monday also curbed their enthusiasm. Officials even avoided acknowledging that the economy is in deflation.
3. Youth unemployment data returned after a six-month halt. The 14.9% jobless rate for December still looks concerning, although it was down from a record 21.3% in June, after which authorities suspended releasing such data.
While the government said its new methodology, which excludes students, reflected a more accurate picture of unemployment, some economists cautioned the fresh criteria made it hard to assess the December number. Still, more transparency is better.
END
end
4.EUROPEAN AFFAIRS//UK /SCANDINAVIAN AFFAIRS
EU/HAMAS/INDIVIDUALS FOR SUDAN, JORDAN/LEBANON/ALGERIA
European Union imposes new sanctions against individuals funding Hamas and Islamic Jihad
By HAIM ISEROVICH
breaking news(photo credit: JPOST STAFF)
The European Union has imposed sanctions today on six individuals who provide financial assistance to Hamas, Maariv reported on Friday.
The six are: Sudanese businessman Abdel-Bast Hamza, Lebanese businessmen Nabil Shoman and his son Khaled, the Lebanese businessman Rada Ali Hamis, member of Hamas’s political bureau Musa Dodin, and Ayman Ahmed Al-Davik – a Jordanian businessman who lives in Algeria and helps manage Hamas’s investment portfolio.
IDF discovers rocket launchers in Khan Yunis, destroys terror infrastructure
With guidance from the intelligence corps, the soldiers raided additional terrorist infrastructures. As a result, they discovered dozens of rocket launchers, shells and intelligence documents.
By JERUSALEM POST STAFFSoldiers from the 55th brigade engage in combat in Khan Yunis
Soldiers from the 55th brigade uncovered and destroyed additional rocket launchers and terror infrastructure in Khan Yunis, the IDF announced on Saturday.
According to the announcement, over the past few days, soldiers from the 55th brigade engaged in combat with the the eastern battalion of Hamas’s Khan Yunis brigade. During operations, the brigade encountered numerous smaller terrorist squads and eliminated them.
Rocket launchers and rockets found by soldiers of the 55th brigade in Khan Yunis January 20, 2024 (credit: IDF SPOKESPERSON’S UNIT)
IDF troops operating in the Gaza Strip in pictures published on January 20, 2024. (IDF)
Senior Israel Defense Force commanders now believe that Israel’s two stated goals of destroying Hamas and freeing the hostages are not compatible, The New York Times reports.
Four senior commanders, speaking on condition of anonymity, tell the Times that “the dual objectives of freeing the hostages and destroying Hamas are now mutually incompatible.”
The report says it has reviewed Israeli battle plans from the start of the war and that the IDF is currently in control of a smaller part of the Strip than originally envisioned.
This slow progress has caused military leaders to express frustration with the political leadership “and led them to conclude that the freedom of more than 100 Israeli hostages still in Gaza can be secured only through diplomatic rather than military means,” the paper reports.
Asked to comment on the report, the Prime Minister’s office said: “The Prime Minister is leading the war on Hamas with unprecedented achievements in a very decisive manner.”
The IDF declines to comment.
END
ISRAEL GAZA/MONDAY
WATCH: IDF repels ambush in Gaza, eliminates terrorists
The IDF reportedly eliminated the terrorist force attempting the ambush in a combined ground and air counter-attack.
During operational activities in central Gaza overnight, IDF troops of the Yiftah Brigade destroyed a group of terrorists attempting to stage an ambush on Israeli troops, the IDF said on Monday.
The IDF eliminated the terrorist force attempting the ambush in a combined ground and air counter-attack, the IDF added.
Previously, IDF troops reportedly identified another squad of terrorists advancing on the Israeli forces.
The troops subsequently destroyed the approaching threat.IDF troops operate in the Gaza Strip, January 22, 2024 (credit: IDF SPOKESPERSON’S UNIT)
Terrorist squad identified, eliminated
Separately, in northern Gaza, the combat team of the 5th Brigade identified an armed terrorist squad. The combat team fired at the terrorists, eliminating one.
The remaining terrorists were targeted by an air force aircraft, which successfully destroyed the structure from which the cell was operating, the IDF concluded.
Syrian state media said a likely Israeli attack had targeted a building in the Mazzeh neighborhood of Damascus, without giving further details.
By REUTERS
People gather near the damaged site, that was hit by an Israeli military strike according to sources, in Damascus, Syria January 20, 2024.(photo credit: REUTERS/FIRAS MAKDESI)
An Israeli missile strike on Syria’s capital Damascus on Saturday killed a member of Iran’s Revolutionary Guards and wounded others, a security source in the regional pro-Syria alliance told Reuters.
Syrian state media said a likely Israeli attack had targeted a building in the Mazzeh neighborhood of Damascus, without giving further details. Other local media in Syria reported explosions heard across the Syrian capital.
The security source, part of a network of groups close to Syria’s government and its major ally Iran, said the multi-story building was used by Iranian advisers supporting President Bashar al-Assad’s government, and that it was entirely flattened by “precision-targeted Israeli missiles.”
Israeli has not taken responsibility for strike
There was no immediate confirmation from Israel.
Essam Al-Amin, head of the Al-Mowasat Hospital in Damascus, told local Syrian outlet Al-Watan Online that his hospital had received one corpse and three wounded people, including a woman, following Saturday’s attack.Gunmen stand during the funeral of two Palestinian Islamic Jihad gunmen who were killed in an Israeli raid, in Jenin refugee camp, in the West Bank May 10, 2023. (credit: RANEEN SAWAFTA/REUTERS)
A spokesman for the Palestinian Islamic Jihad told Reuters that no members of their group were wounded in the strike, following reports that some were at the bombed-out building.
Israel has long pursued a bombing campaign against Iran-linked targets in Syria. But it has shifted to deadlier strikes in the wake of the October 7 attack on Israel by terrorists of the Iranian-backed Palestinian Islamist group Hamas from Gaza.
In December, an Israeli strike killed two Guards members, and another on Dec. 25 killed a senior adviser to the Guards who was overseeing military coordination between Syria and Iran.
Nour News, which is believed to be close to Iran’s intelligence apparatus, identifies two of the dead in an alleged Israeli strike on Damascus as Gen. Sadegh Omidzadeh, the intelligence deputy of the guard’s expeditionary Quds Force in Syria, and his deputy, who goes by the nom de guerre Hajj Gholam.
The guard later issued a statement identifying the dead as Hojjatollah Omidvar, Ali Aghazadeh, Hossein Mohammadi and Saeed Karimi. It gave no ranks for them. The difference in information could not be immediately reconciled.
Five members of the Iranian Revolutionary Guard (IRGC) serving in an advisory capacity were killed Saturday in the Syrian capital of Damascus when Israeli warplanes struck a residential building they were staying in. Iran confirmed the deaths of the Guard members.
Syrian state media reported that the attack was carried out against the Mazzeh neighborhood by planes operating in the Israeli-occupied Golan Heights. Israel has yet to comment on the incident. Some reports say ten people in total were killed in the attack.
The slain reportedlyincluded a Quds force general, and the Revolutionary Guard identified the slain, but did not include their ranks or duties within Syria. Notably, the Guard’s names did not include the Quds force general, though it also did not deny he was killed. The Syrian Observatory for Human Rights reported five Iranians and an unidentified Syrian were amongst the slain.
Syrian state media identified the killed Iranians simply as advisers, and Iran followed up the incident with a statement condemning Israel for “organized terrorism,” and threatened retaliation at a time and place of their choosing.
A witness reported hearing at least five separate explosions during the attack, and saw bodies being taken away, including three surviving wounded. The media reports said the building was heavily guarded at the time.
Iran has had advisory forces in Syria since 2011, and played a big role in trying to help them organize the fight during the protracted civil war. Israel presented this as a threat along their border, and has regularly attacked Iranian targets within Syria when it has identified them.
Without knowing more about the victims, it is impossible to know how much of an impact this will have on the Iranian mission within Syria, though if history is any indicator, it will not mean any kind of ending to it.
With Israel escalating fighting in several border regions already and tensions soaring, Syria will no doubt hope for advice to continue apace.
Smoke billows over hills near the southern Lebanese village of Odaisseh on the border with Israel on January 20, 2024 during Israeli strikes. (Rabih Daher/AFP)
The IDF says it carried out a wave of airstrikes against Hezbollah targets in southern Lebanon.
The sites hit by fighter jets in southern Lebanon’s Odaisseh include an observation post, a rocket launch position and other infrastructure belonging to the terror group, according to the IDF.
The IDF says that overnight, tanks also carried out shelling in the Mount Dov area, to “remove a threat.”
The IDF adds that the sirens that sounded in the Galilee panhandle earlier were a false alarm.
An interceptor missile had been launched following a “false identification,” it says.
Meanwhile, two missiles were fired by Hezbollah from Lebanon in the last few hours, and the IDF says it is striking the launch sites.
Israeli security forces locate over 400 explosives in Tulkarm in West Bank
27 weapons and a lot of military equipment were confiscated during the operation. Additionally, five charge-manufacturing laboratories and four observation posts were destroyed by Israeli forces.
Israeli forces operate in Tulkarm, in the West Bank, January 18, 2024(photo credit: IDF SPOKESPERSON’S UNIT)
IDF reserve soldiers, Border Police, and Shin Bet, all under the command of the Menashe Territorial Brigade, located over 400 explosives in the West Bank city of Tulkarm, according to a military update on Friday.
Explosives uncovered were discovered planted under roads to harm Israeli forces.
27 weapons and a lot of military equipment were confiscated during the operation. Additionally, five charge-manufacturing laboratories and four observation posts were destroyed by Israeli forces.
Approximately 1,000 buildings were searched and hundreds of suspects were interrogated by Israeli forces. Overall, just 37 wanted persons were arrested in the city, some of them being senior members operating in terror infrastructures in Tulkarm. Explosives, weapons, and military equipment confiscated by Israeli forces in Tulkarm on January 19, 2024. (credit: IDF SPOKESPERSON’S UNIT)
An additional four terrorists, who threw explosives at Israeli soldiers, were eliminated by an aircraft directed by IDF’s Unit 636.
One IDF reservist was injured by enemy forces since the beginning of the operation on Wednesday. Soldiers of the reservist’s battalion reached the terrorists later in the operation, eliminated, and arrested some of them. Four weapons and cartridges were found on the arrested terrorists.Go to the full article >>
END
end
Houthis/USA
Ballistic Missiles May Have Been Used In Huge Strike On US Base In Iraq
SATURDAY, JAN 20, 2024 – 01:55 PM
Update(1355ET): Details have continued trickling out and are scant, but by all accounts the Saturday attack on Al-Asad airbase in Western Iraq, which houses US forces, was a big one. Reuters cites an official who said “the base was hit by ballistic missiles but he left open the possibility it was struck by rockets.” This has led to some speculation that ballistic missiles could have been fired on the US outpost from Iranian territory.But Reuters also notes, “Two security sources in Iraq and one government source said the base was hit by multiple rockets fired from inside Iraq.” One regional analyst has gathered sources to detail the following…
This is the very same base that Iran retaliated against with ballistic missiles in January 2020, as revenge for the US assassination by drone strike of IRGC Quds Force General Qasem Soleimani.
* * *
A missile barrage has reportedly struck the Al-Asad Airbase — a U.S. military facility maintained in Iraq since 2003 — according to Reuters accompanied by videos on X alleging to show the missiles raining down:
The Al-Asad base is the same that suffered retaliatory strikes in January of 2020 after then-President Trump killed Iranian military officer Qasem Soleimani.
US defense officials at the time said just 10 missiles managed to make contact with the base. It appears fewer than 20 missiles were fired in Saturday’s attack — with an unknown number intercepted by missile defense systems — though the story continues to develop.
US personnel suffered minor injuries and a member of Iraq’s security forces was seriously wounded in an attack on Iraq’s Ain al-Asad air base on Saturday, a US official said, citing initial assessments, which are subject to change.
At least a dozen missiles were fired at a military base used by US-led coalition forces in western Iraq, a US defense source and Iraqi police told AFP.
Al-Asad was the second largest base constructed during George Bush’s “Operation Iraqi Freedom,” — wherein ‘freedom’ in Neocon-speak of course refers to 300,000 dead Iraqi civilians — an operation which ostensibly ended in December of 2011.
The Iran Observer said to “expect US retaliatory strikes against Iraqi resistance forces.”
This follows an Iranian strike on what they deemed foreign “espionage centers” and “anti-Iranian terrorist gatherings in parts of the region” with ballistic missiles, killing four though no Americans.
One regional correspondent, Joyce Karam, pointed out that last Monday was an exceptional day in terms of the number of hugely escalatory events close in time.
She wrote that the “Middle East is imploding, in one day”…which has included the following:
Attack on US ship by Yemen Houthis
US intercepting 2nd attack in Red Sea
Israel strikes in Gaza [and Syria]
Stabbing & car ramming near Tel Aviv
IRGC attack in Iraq
IRGC attack in Syria
end
US says it conducted strikes against 3 Houthi anti-ship missiles
By REUTERS
breaking news(photo credit: JPOST STAFF)
US Central Command forces on Friday conducted strikes against three Houthi anti-ship missiles that were aimed into the Southern Red Sea and were prepared to launch, the US military said on X, formerly called Twitter.
“US forces identified the missiles in Houthi-controlled areas of Yemen and determined that they presented an imminent threat to merchant vessels and the US Navy ships in the region. US forces subsequently struck and destroyed the missiles in self-defense,” the US Central Command said in the post on X.
The incident, the latest amid growing tensions in the Red Sea that have disrupted global trade and raised fears of supply bottlenecks, took place around 6:45 p.m. Yemen time (1545 GMT), the US Central Command added.
White House spokesperson John Kirby said Friday’s strikes were the fourth in the past week by the US military against Houthi missile launchers that were prepared to launch attacks.
Yemen’s Houthi movement said on Monday its forces had carried out an attack against American military cargo ship Ocean Jazz in the Gulf of Aden.
“The Yemeni armed forces continue to retaliate to any American or British aggression against our country by targeting all sources of threat in the Red and Arab Sea,” the Houthi military spokesperson Yahya Sarea said in a statement.
Read More
this is a must read. USA has resurrected the remnants of ISIS and backs them. All of ISIS’s enemies are the same as the USA’s enemies. This explains the attack by ISIS against Iran last week
(the cradle)
ISIS/USA/ISRAEL/IRAN AND AXIS OF RESISTANCE
Reviving ISIS: A US Weapon Against The Resistance Axis
Is it a coincidence that the world’s foremost terror organization is being revived just as the US struggles under a multi-front assault on its hegemony in West Asia? More curiously, both ISIS and Washington’s targets are exactly the same…
Iraqi security sources are warning of an ISIS revival in the country, which coincides all too neatly with the spike in Iraqi resistance operations against US bases in Iraq and Syria, and with widening regional instability caused by Israel’s military assault on Gaza.
More than six years after declaring victory over the terrorist organization, Iraqi intelligence reports now indicate that thousands of ISIS fighters are emerging unscathed, under the protection of US forces in two regions of western Iraq.
The missing piece of the puzzle
According to intelligence reports reviewed by The Cradle, at its height, ISIS consisted of more than 35,000 fighters in Iraq – 25,000 of these were killed, while more than 10,000 simply “disappeared.”
As an officer of one Iraqi intelligence agency recounts to The Cradle:
“Hundreds of ISIS fighters fled to Turkey and Syria at the end of 2017. After the appointment of Abdullah Qardash as the leader of ISIS in 2019, following the death of Caliph Abu Bakr al-Baghdadi, the new Caliph began to restructure the organization, and ordered his followers to return to Iraq. The organization exploited the long border with Syria, the security disturbances, and the diversity of forces on both sides of the border to infiltrate the Iraqi territory again.”
Imprisoned ISIS officials admit that infiltrating that border is not an easy task, because of the strict control imposed by the Iraqi Border Guards and the use of modern technologies, such as thermal cameras.
It therefore became necessary for the terror group to identify intermediaries capable of breaking through or bypassing these fortifications to transport its fighters across borders.
An Iraqi security source, insisting on anonymity, tells The Cradle that the US plays a vital role in enabling these border violations:
“[There are] several incidents that confirm the American assistance in securing the crossing route for ISIS members – mainly, by shelling Iraqi units on the border, especially the Popular Mobilization Units (PMUs), to create gaps that allow ISIS fighters to cross the border.”
The Iraqi security source adds that there are confirmed reports of US Chinook helicopters transporting fighters from eastern Syria to the Anbar desert in western Iraq and Jebel Hamreen, in the country’s east.
Munir Adib, a researcher specializing in Islamist movements, extremist organizations, and international terrorism, confirms the possibility of the return of ISIS after the organization’s “dozens of attacks in Syria and Iraq in the past few weeks,” which led to the death of tens of civilians and soldiers.
According to Adib, “the international community’s preoccupation with the Gaza and Russia-Ukraine wars gave ISIS an opportunity to reorganize its ranks, while continuing to receive internal and external logistical support.”
Manufacturing and harboring terrorism
Houran Valley is the largest of its kind in Iraq, extending 369 kilometers from the Iraqi-Saudi border to the Euphrates River near the city of Haditha in Anbar Governorate. Its topography is marked by soaring cliffs ranging in height between 150 to 200 meters, and includes the hills surrounding the valley and the sub-valleys that extend into its surroundings.
The valley was and still is one of the most dangerous security environments in the state. Terrorist groups use it as a safe haven because of its desert terrain, and distance from congested urban areas. The valley and its environs have witnessed numerous security incidents, most notably in December 2013, when ISIS killed the commander of the Iraqi army’s Seventh Division, his assistant, the director of intelligence in Anbar Governorate, eight officers, and thirteen soldiers.
Iraqi MP Hassan Salem has called for launching a military operation to clear Houran Valley of terrorist fighters. He confirmed to The Cradle that “there are thousands of ISIS members in the valley receiving training in private camps, under American protection,” noting that US forces have “transferred to this area hundreds of ISIS members of different nationalities.”
US foreign policy, of course, is rife with historical evidence of the creation of proxy armed militias in West Asia and Latin America, often utilizing these organizations to overthrow governments in target countries. We know Washington has no aversion to allying with Islamist extremists largely because of its direct involvement with arming and financing the Afghan Mujahideen, from which the Taliban and Al Qaeda emerged.
An early US-ISIS connection exists quite clearly: the terrorist group’s founding and second rank leaders were among the inmates of Camp Bucca prison in southern Iraq, an internment facility run by the US military. The roster of high-value terrorists captured, then set free by the Americans is quite extraordinary: ISIS leader Abu Bakr al-Baghdadi, his successor Abu Ibrahim al-Hashimi al-Qurashi, Abu Mohammed al-Adnani, Abu Muslim al-Turkmani, Haji Bakr, Abu Abdulrahman al-Bilawi, Abu Ayman al-Iraqi, among others.
Camp Bucca, known for abuses against its detainees, brought together extremist elements, slow-boiled this combustive formula for six years (2003-2009), then let the now well-networked extremists go free.
The religious officials of ISIS even say they used their time at the prison to obtain vows from prisoners to join the terrorist group after their release.
US intelligence also protected the terrorist organization indirectly, by allowing ISIS convoys to move between the cities that were under its control. Other forms of protection, according to Iraqi security experts, include refusing to implement death sentences issued by Iraqi courts against detained ISIS members, and establishing safe havens for the organization’s members in western and eastern Iraq.
ISIS: US foot soldiers in the regional war
In a speech on 5 January, Hezbollah Secretary General Hassan Nasrallah warned that the US was supporting an ISIS revival in the region.
The Cradle obtained security information monitoring the new activity of extremists in Lebanon, communications between these elements and their counterparts in Iraq and Syria, and suspicious money transfer activities among them.
Lebanese Army Intelligence also recently arrested a group of Lebanese and Syrians who were preparing to carry out security operations.
Importantly, this surge in terror activities comes at a time when the Lebanese resistance is engaged in a security and military battle with Israel, which may expand at any moment into open war. It is also notable that renewed ISIS activity is concentrated in Lebanon, Syria, Iraq, and Iran; that is, in the countries that support the Palestinian resistance politically, militarily, and logistically.
On 4 January, ISIS officially claimed responsibility for two bombings in the Iranian city of Kerman that targeted memorial processions on the anniversary of the assassination of Quds Force Commander Qassem Soleimani by US forces. The dual explosions killed around 90 people and injured dozens, in an unprecedented attack targeting the biggest US-Israeli adversary in West Asia – just one day after Tel Aviv killed top Hamas leader Saleh al-Arouri in Beirut.
Before that, on 5 October 2023, ISIS drone-attacked an officers graduation ceremony at the Military College in the Syrian city of Homs, killing about 100 people. These attacks, and others in Iraq, Syria, Iran, Pakistan, Afghanistan, and Africa, indicate that fresh blood, money, and weapons are being pumped into the ISIS organization’s arteries again.
A high-ranking PMU officer, who asked to remain unnamed, tells The Cradle that US forces are preventing Iraqi forces from approaching Houran Valley by attacking any security forces approaching the area. “This happened when American aircraft targeted units of the PMU that were attacking ISIS in the region,” he reveals, citing intelligence reports confirming the presence of dozens of ISIS members and other extremist organizations in the valley, where they receive training and equipment from US forces.
Security sources in the Anbar Operations Command confirm this information:
“Noticeable activity by the organization had been recorded a few weeks ago in the west of the country. Near the Rutba desert, ISIS fighters were spotted digging underground hideouts. Information indicates that the organization is in the process of carrying out terrorist operations in many locations,” they tell The Cradle.
Concurrently, ISIS is expanding its operations in the east of Iraq, within the geographical triangle that includes eastern Salah al-Din Governorate, north-eastern Diyala, and southern Kirkuk, particularly in the geographically challenging Makhoul, Hamrin, Ghurra, Wadi al-Shay, and Zaghitoun areas.
It should be noted that US forces are deployed in Iraq under the umbrella of the International Coalition to Combat ISIS. Last week, four years after the Iraqi parliament first voted to expel foreign forces, Iraqi Prime Minister Mohammad Shia al-Sudani weighed in on the “destabilizing” impact of US troops and demanded a “quick and orderly” exit of those combat units.
Washington not only countered by saying it has “no plans” to withdraw from Iraq, but announced on 14 January that it would be sending an additional 1,500 troops to Iraq and Syria illegally, and without the consent of either nation.
One irony here is that ISIS appears to regain momentum each and every time Baghdad raises the issue of US military withdrawal from Iraq.
It can also no longer be seen as a coincidence that the terror group is now re-assembling its forces to target Washington and Tel Aviv’s most capable regional foes – the Axis of Resistance – just when the US and Israel are struggling to handle a region-wide, multi-front assault from the Axis.
The extraordinary synergies between the Americans and the world’s foremost terror group can no longer be ignored: their targets are one and the same, and ISIS is only now entering the fray, just as Washington begins to lose its hold on West Asia.
* * *
The views expressed in this article do not necessarily reflect those of ZeroHedge.
END
Lt Richard Hecht
.END
RUSSIA/UKRAINE
ROBERT H TO US; PEPE ESCOBAR…
the Ukraine Charade, Revisited — Strategic Culture
Quite tragic but reality. A million + Ukrainians have died for false hegemony. Who knows how many have been wounded never to be productive again? And yet the slaughter will continue as the fan boys of war fatten their pockets with money paid for with blood of innocent people. And while there is little doubt new found death seekers abound. The futility of death for money remains a reminder that we learn nothing from history.
Cancer Cases Expected to Hit Record High in 2024, Experts Explain Potential Causes | The Epoch Times
Diet, and the use of simple things like baking soda or even ivermectin, or NAC with Quercetin makes a big difference. Who tells you to take glutathione, the body’s master anti oxidant. And who tells us that 85% of the population is deficient in iodine? Health is a choice made by few and ignored by the majority. While even longevity is a choice.
It has always been about curiosity in people that drives longevity or innovation. Sadly, today we are taught to accept the balderdash of politicians as opposed to the need to think for ourselves to learn and challenge the narrative.
It is only when you think for yourself that you find freedom to rationalize and thus think for yourself. It is why the WEF pushes now the need to listen to their nonsense because too many people are wakening up and thinking. Thinking people are free and in many cases healthy.
Look at Germany where the economy has been brought to a standstill by an awakening population. Revolutions all through history start with thoughts in hearts and minds of people who discover the freedom to think and thus see. It is why we entering a period of serious upheaval that will change everything, including government’s ability to continue in its present form. Already in countries like Argentina local provincial currencies, are springing up to allow people to realize true value for their labor to gain a better existence. This trend will spread. Just like the BRICS who will introduce a a new currency which will be a challenge to both the Euro and the dollar. All currencies will face challenge. And no country’s borders should be taken for granted as in many cases new nations will spring up from the current crumbling ones.
Even the value of real estate will face challenges as past values becomes useless barometers of current or future value. For this period of upheaval value will be driven by actual need and not by mindless consumption of goods and services. Bigger is not necessarily better and not likely to bring health or wealth. Ask those with mansions or other properties lacking buyers. You can see that by sales declines in companies like Birkenstock whose sales are now driven more by replacement than fashion. Yes, like of ancestors of old, we will make use of clothing as opposed to having the newest color or style and have less. A more frugal existence will come and we will learn to be more happy and healthier because people will seek wellness through what works and not pills or surgery that masks. Big Pharma as already blown trust with recent vaccines and this distrust of them and the medical profession will go hand in hand. And yes in time they will change to face new realities and in the near term resist in a futile effort.
This is turn is already causing contraction in global GDP which is crushing banks and countries and political fools in the process. This wave cares not as it gathers its own momentum. Not China and not anyone else will avoid the wave. Countries with natural resources that produce things people need and want will be the winners. And those foolish enough to reach for yesterday’s consumption economy will fail without understanding.
The future does belong to those gaining sight to see.
Journalist Who Attacked Top Tennis Player For Refusing COVID Vaccine Dies Suddenly
MONDAY, JAN 22, 2024 – 08:10 AM
Events have been so frenetic over the past few years that it may be difficult for some to remember, but at the height of the covid panic there was a massive media campaign to destroy the image of any celebrity that publicly refused to take the vaccine. They could be TV or film celebrities, famous scientists, politicians or even sports figures; it didn’t matter. Anyone with a “platform” and an audience was expected to toe the line on the government covid narrative, or suffer the consequences.
One could argue that the mandates and vaccines were more a loyalty test than an effort to save lives: Those who complied were considered devout collectivists or at least people who could be controllable, and those who refused to comply immediately stood out as a potential threat. This is how a world-class tennis player from Serbia, Novak Djokovic, was treated when it was revealed that he was not vaccinated when he entered the Australian Open in early 2022.
Djokovic was subsequently removed from the tournament and had his travel visa revoked. Keep in mind the player had a clean bill of health at the time, but his example of defiance of the jab was considered unacceptable by Australian authorities. What would follow was an endless attack on his character and intelligence on social media, which a number of corporate journalists joined in on.
One of the lead instigators of this attempt at cancellation was Mike Dickson, a prominent British sports journalist working for the Daily Mail. Dickson is noted as being relentless in his criticism of Djokovic, calling the player “arrogant and deplorable” for refusing to submit.
This week, Mike Dickson is reported to have collapsed and “died suddenly” at the age of 59 while covering the Australian Open. The cause of death has been kept confidential.
Despite Dickson’s attempts to paint Novak Djokovic as a global villain, the player had only kind words for the journalist upon news of his passing, offering his condolences. Contrary to all the accusations, very often it’s the covid cultists that act like villains while the people they criticize display character and honor.
Australia proved to be an exceptionally submissive country when it came to the mandates, and some may blame the lack of complete info available that debunked frantic mainstream claims. However, even in 2022, there was considerable evidence contrary to government assertions on covid and the vaccines.
For example, it was well known that the vaccines do not necessarily prevent transmission or infection of the virus, as was originally argued when they were distributed. And the proof is in the fact that there are endless breakthrough cases (people who are vaccinated but who still get infected). The FDA doesn’t even require evidence that a vaccine can prevent transmission or infection for the product to be approved.
It is was also a fact that covid infections and fatalities from the original strain dropped dramatically well before the vaccines were widely distributed.
Then there was the Infection Fatality rate, which dozens of studies show to be around 0.23% regardless of how many vaccinated or unvaccinated people there are in a particular region, and the vast majority of deaths were among people with multiple preexisting conditions. Why take an experimental vaccine for a virus with a 99.8% survival rate, especially if you are a top athlete?
All of this information and more was available to journalists from 2021 onward, but they ignored it in favor of creating artificial panic.
The chaos of covid hysteria has faded and cooler heads have prevailed, but the event still offers a lesson on the fragility of civil liberties and how vulnerable they are to mob mentality and mass fear.
Those that championed the destruction of the lives and careers of the unvaccinated are discovering that nothing guarantees longevity, and taking other people’s freedoms is not the path to safety.
END
Robert H to us;
Steve Kirsch on X: “The New Zealand data leaked by whistleblower Barry Young is unassailable proof the COVID vaccines increase your risk of death https://t.co/kbRWLUrXQC” / X
The New Zealand data leaked by whistleblower Barry Young is unassailable proof the COVID vaccines increase your risk of death https://t.co/kbRWLUrXQC
Causes reportedly ‘UNKNOWN’, but ssshhhh, DO NOT ask if this is post-mRNA technology (Malone, Weissman, Kariko, Bourla, Bancel, Sahin et al.) related, that their mRNA & vaccine KILLED them! ssshhh
for what they did, have NO mercy! Sasha: “My answer is start the hunt for every single nurse, doctor, pharmacists, fire dep employee, parking attendant who injected poison.” No amnesty, they KNEW
UNBEKOMING, The Unvaccinated Child, IMO a good resource, nuggets, can help if you decide to go unvaccinated route carte blanche, important issues to be considered if you decide UNVACCINATED is route
I’ve written a lot about the sins of childhood vaccination and the reasons to avoid their unnecessary, unsafe, and ineffective dangers. What I haven’t written about is what to do when that unvaccinated child falls ill. Yes, they do still fall ill, but far less than poisoned children…
Rice Jr.’s substack strikes deep into enemy territory here & I love it, I admire this man, please support him! were not mere mistakes; they were deliberate acts of fraud and deceit. HANG these bitches
“The corruption of our public health apparati demands a similar probe. What did they know, and when did they know it? As the Covid regime demands “a pandemic amnesty,” the report from the Epoch Times adds to the plethora of evidence that their misdeeds were not mere mistakes; they were deliberate acts of fraud and deceit.
Trump Jr: Tucker Carlson Is ‘Certainly’ a VP ContenderDonald Trump Jr. has revealed that independent news anchor Tucker Carlson is “certainly” in the running for his father’s vice president for the 2024 election. Don Jr. appeared on Newsmax Thursday and responded to rumors about Carlson being picked as President Donald Trump’s running mate. “Don, is your dad serious about Tucker Carlson?” asked Newsmax anchor Rob Finnerty. “Are those …READ MORE
LATEST NEWS: LATEST REPORTS FOR NEWS JUNKIES WEF: Farming Industry Must Be Destroyed for ‘Net Zero’ Globalist elites at the World Economic Forum (WEF) have decided that farming and fishing industries must be completely eliminated in order to meet the organization’s “Net Zero” goals. READ THE FULL REPORT
Donald Trump’s New Hampshire Rally Disrupted by Protester Yelling He’s ‘Going to Jail’ A Trump campaign rally in Manchester, New Hampshire on Saturday night was briefly disrupted by a protester that the former president called a paid “Soros agitator.” “Now we know that politics is getting serious,” Trump said. “Now we know we’re getting serious.” “He’s just a disturbed person,” Trump added. “Remember that used to happen all the time? People used to … READ THE FULL REPORT
Airport Travelers Shocked by Signs Allowing Illegal Migrants to Fly Without ID American travelers are incensed by signs emerging at US airports that seem to enable migrants to board planes without appropriate documentation. US residents flying domestically must produce a valid identity card or passport to board an aircraft, but signage at certain airports indicate that some freshly arriving migrants face different regulations. The placards state that the Transportation Security Administration is … READ THE FULL REPORT
J6 Pipe Bomb Threats Were Part of a Plot to Disrupt 2020 Election Challenges The FBI, Secret Service, U.S. Capitol Police, and D.C. Metro Police response to the alleged pipe bomb threat at the Democratic National Committee’s headquarters in Washington D.C. on January 6 raises profound new questions about a ‘cover-up’ that has the potential to shake Americans’ view of their own government to its very core. As seen in resurfaced video footage, originally … READ THE FULL REPORT
Federal Employees’ Political Donations Largely Went to Biden, Other Democrats in 2023 Over 60% of political donations to prominent political committees made by employees of the federal government’s 15 Cabinet-level departments flowed to President Joe Biden and other Democrats in 2023, according to a Daily Caller News Foundation analysis of Federal Election Commission records. The Daily Caller News Foundation filtered donations in calendar year 2023 by individuals who listed their employer as one of … READ THE FULL REPORT
MICHAEL EVERY/PHIL MAREY/OR OTHER EXECS //RABOBANK
END
7//OIL ISSUES//NATURAL GAS ISSUES//ELECTRICAL GRID ISSUES// RENEWABLE ENERGY ISSUES//USA AND GLOBE
Maersk Warns “Significant Disruptions To Global Shipping Network” As Red Sea Attacks Persist
SATURDAY, JAN 20, 2024 – 08:45 AM
President Biden’s second week of military strikes against Iran-backed Houthi anti-ship missile bases and continued attacks on commercial vessels in the Red Sea by the rebels have raised serious concerns about supply bottlenecks jeopardizing global growth.
On Thursday, top container shipper AP Moller-Maersk sent a memo to customers, warning how the global shipping network is fracturing because of the elevated risks in the Red Sea:
“While we hope for a sustainable resolution in the near-future and do all we can to contribute towards it, we do encourage customers to prepare for complications in the area to persist and for there to be significant disruption to the global network.”
Major shipping companies like Maersk and Hapag-Lloyd have diverted hundreds of vessels on lengthier and costlier routes around the Cape of Good Hope to avoid Houthi rebels. Shell was the latest company to suspend all Red Sea shipments earlier this week.
Maersk CEO Vincent Clerc told Reuters on the sidelines of the World Economic Forum in Davos on Wednesday that global shipping networks will be disrupted for at least a few months:
“So for us this will mean longer transit times and probably disruptions of the supply chain for a few months at least, hopefully shorter, but it could also be longer because it’s so unpredictable how this situation is actually developing.”
The knock-on effects of Red Sea disruptions have pushed companies to rent more vessels, thus reducing capacity, which has increased shipping rates in recent weeks.
“This week saw a scramble for prompt tonnage,” said MB Shipbrokers (formerly Maersk Broker) in a market report on Friday, referring to ships that can be chartered immediately.
“Owners have certainly become more bullish and are pushing for higher-than-last-done levels in all segments and most regions.” Charter rates are headed higher, “specifically for short periods of three to six months’ duration,” said MB Shipbrokers.
Data from IfW Kiel Institute shows containers being transported through the Red Sea daily are around 200,000 containers, down from 500,000 in November.
The result of the chaos in the Red Sea has been a slide in global trade.
8. EMERGING MARKETS//AUSTRALIA NEW ZEALAND ISSUES//
ECUADOR
END
YOUR EARLY CURRENCY/GOLD AND SILVER PRICING/ASIAN CLOSING MARKETS AND EUROPEAN BOURSE OPENING AND CLOSING/ INTEREST RATE SETTINGS MONDAY MORNING 7;30AM//OPENING AND CLOSING
EURO VS USA DOLLAR: 1.0897 UP .0003
USA/ YEN 147.83 DOWN 0.091 NOW TARGETS INTEREST RATE AT 1.00% AS IT WILL BUY UNLIMITED BONDS TO GETS TO THAT LEVEL…//YEN STILL FALLS//
GBP/USA 1.2725 UP .0027
USA/CAN DOLLAR: 1.3421 UP .0005 (CDN DOLLAR DOWN 5 BASIS PTS)
Last night Shanghai COMPOSITE CLOSED DOWN 75.94 PTS OR 2.65%
Hang Seng CLOSED DOWN 347.51 PTS OR 2.27%
AUSTRALIA CLOSED UP 0.65% // EUROPEAN BOURSE: MOSTLY ALL GREEN
Trading from Europe and ASIA
I) EUROPEAN BOURSES: MOSTLY ALL GREEN
2/ CHINESE BOURSES / :Hang SENG DOWN 347.51 PTS OR 2.27%
/SHANGHAI CLOSED DOWN 75.94 PTS OR 2.65%
AUSTRALIA BOURSE CLOSED UP 0.65%
(Nikkei (Japan) CLOSED UP 583.68 OR 1.62%
INDIA’S SENSEX IN THE RED
Gold very early morning trading: 2028.00
silver:$22.21
USA dollar index early MONDAY morning: 103,14 DOWN 18 BASIS POINTS FROM FRIDAY’s CLOSE.
The USA/Yuan, CNY: closed ON SHORE CLOSED (UP) …7.1929
THE USA/YUAN OFFSHORE: (YUAN CLOSED (UP)…. (7.2002)
TURKISH LIRA: 30.26 EXTREMELY DANGEROUS LEVEL/DEATH WATCH/HYPERINFLATION TO BEGIN.//ON DEATH WATCH
the 10 yr Japanese bond yield at +0.641…
Your closing 10 yr US bond yield DOWN 6 in basis points from FRIDAY at 4.087% //trading well ABOVE the resistance level of 2.27-2.32%) very problematic
USA 30 yr bond yield 4.300 DOWN 5 in basis points ON THE DAY/12.00 PM
USA 2 YR BOND YIELD: 4.368 DOWN 4 BASIS PTS.
Your 12:00 AM bourses for Europe and the Dow along with the USA dollar index closing and interest rates: MONDAY CLOSING TIME 12:00 PM
London: CLOSED UP 32.62 PTS OR 0.44%
German Dax : CLOSED UP 122.95 PTS OR 0.74%
Paris CAC CLOSED UP 44.07 PTS OR 0.60%
Spain IBEX CLOSED UP 115.40 PTS OR 1.17%
Italian MIB: CLOSED DOWN 111.90 PTS OR 0.37%
WTI Oil price 74.70 12: EST
Brent Oil: 79.55 12:00 EST
USA /RUSSIAN ROUBLE /// AT: 87/87; ROUBLE UP 0 AND 33//100
GERMAN 10 YR BOND YIELD; +2.2480 DOWN 7 BASIS PTS
UK 10 YR YIELD: 3.908 DOWN 8 BASIS POINTS
CLOSING NUMBERS: 4 PM
Euro vs USA: 1.0884 DOWN .0010 OR 10 BASIS POINTS
British Pound: 1.2706 UP .0008 or 8 basis pts
BRITISH 10 YR GILT BOND YIELD: 3.948 UP 1 BASIS PTS//
JAPAN 10 YR YIELD: 0.648%
USA dollar vs Japanese Yen: 148.07 UP 0.154//YEN DOWN 15 BASIS PTS//
USA dollar vs Canadian dollar: 1.3478 UP 0.0063 CDN dollar DOWN 63 basis pts)
West Texas intermediate oil: 75.01
Brent OIL: 79.82
USA 10 yr bond yield DOWN 4 BASIS pts to 4.104%
USA 30 yr bond yield UP W3 BASIS PTS to 4.322%
USA 2 YR BOND: DOWN 2 PTS AT 4.389%
USA dollar index: 103.13 UP 6 BASIS POINTS
USA DOLLAR VS TURKISH LIRA: 30.26 (GETTING QUITE CLOSE TO BLOWING UP/
USA DOLLAR VS RUSSIA//// ROUBLE: 87.80 UP 0 AND 40/100 roubles
GOLD 2020.10 3:30 PM
SILVER: 22.06 3:30 PM
DOW JONES INDUSTRIAL AVERAGE: UP 138/01 PTS OR 0.36%
NASDAQ UP 16.38 PTS OR 0.095%
VOLATILITY INDEX: 13.24 DOWN .06 PTS OR 0.45%
GLD: $187.22 DOWN 0.71 OR 0.38%
SLV/ $21.06 DOWN ,05 OR 0.24%
end
USA AFFAIRS
TODAY’S TRADING IN GRAPH FORM
Small Caps Rip As Recession Risk Grows; Bonds Bid, Bitcoin Barfed
“Overall, we expect GDP growth to turn negative in Q2 and Q3 of 2024 but begin to recover late in the year.”
And that helped pull rate-cut timing hopes lower, with the odds of a March rate-cut down to just 40% (from practically 100% at their peak in December). Rate-cut expectations for 2024 also declined modestly…
Source: Bloomberg
And after last week’s carnage, Treasuries were bid today with the belly outperforming…
Source: Bloomberg
But, in the face of weak economic data and a bid for bonds, oil rallied notably too – as the reality of Houtthi attacks continues to sink in – with WTI breaking above $75 (out of the YTD range) – back near one-month highs…
Bitcoin was clubbed like a baby seal, smashing down below $40k. Bitcoin found support at $39,500 and bounced off two-month lows…
Source: Bloomberg
Headlines about FTX selling (over the past couple of days, and apparently having finished), sparked some FUD – but its actually positive since as we tweeted earlier, this means the new ETF inflows are not simply recycled from GBTC…
After China’s equity market collapse accelerated overnight…
Source: Bloomberg
US equities were mixed with Small Caps soaring on a big squeeze at the open but everything faded back during the day with the rest of the majors clinging on to positive gains. The last hour saw another big reversal smashing Small Caps up 2% on the day (up 3 straight days and the best day since mid-December)… with Nasdaq barely holding green.
The Dow and S&P 500 closed at new record highs…
Interestingly, the last hour melt-up was more driven by heavy put-covering flows (as calls actually saw negative delta)
‘Most Shorted’ stocks were ripped higher at the open – up 7% from Friday’s lows to today’s highs – but that momentum failed fast…
Source: Bloomberg
Magnificent 7 stocks extended gains at the open but selling pressure hit soon after, leaving them barely green on the day…
Source: Bloomberg
While the cap-weighted S&P 500 has continued to climb in the first three weeks of January, the equal-weighted index has dropped…
Source: Bloomberg
… as US treasury yields have backed up to 4.15%…
Source: Bloomberg
In other words, the year-to-date rally has been propelled by a handful of large-cap stocks whose momentum has rendered them largely immune – for now – to more prosaic concerns.
But for the majority of stocks in the index, bond yields still matter.
The dollar rallied relatively modestly on the day after opening weaker…
Source: Bloomberg
Spot Gold prices closed lower..
Source: Bloomberg
Finally, while LEI is screaming recession here, the lagged impact of the massive loosening of financial conditions seen in Q4 could be about to hit and lift macro data back rapidly stronger…
Source: Bloomberg
This is a problem – a re-emergence of economic ‘animal spirits’ is not what The Fed wants to see when they are still trying to tamp down inflation.
Simply put, the reflexive cycle of stronger stocks (on expectations of easier policy) driving financial conditions dramatically looser (doing The Fed’s job for it), remove the need for actual rate-cuts from The Fed… and remove the pillar that is supporting the buying-panic in stocks… and around we go.
Be careful what you wish for…
END
MORNING TRADING//
end
AFTERNOON TRADING
II USA DATA
HARD DATA: a good sign that the economy is contracting
(zerohedge)
US Leading Indicators Slump Continues – Longest Losing Streak Since ‘Lehman’
MONDAY, JAN 22, 2024 – 10:14 AM
The Conference Board’s Leading Economic Indicators (LEI) continued its decline in December, dropping 0.1% MoM (slightly better than the -0.3% MoM expectations). That is the smallest MoM decline since March 2022.
The biggest positive contributor to the leading index was stock prices (again)at +0.20
The biggest negative contributor was ISM New Orders at -0.18
This is the 21st straight MoM decline in the LEI (and 22st month of 24) – just barely shorter than the longest streak of declines since ‘Lehman’ (22 straight months of declines from June 2007 to April 2008)
“Despite the overall decline, six out of ten leading indicators made positive contributions to the LEI in December.
Nonetheless, these improvements were more than offset by weak conditions in manufacturing, the high interest-rate environment, and low consumer confidence.
As the magnitude of monthly declines has lessened, the LEI’s six-month and twelve-month growth rates have turned upward but remain negative, continuing to signal the risk of recession ahead.
Overall, we expect GDP growth to turn negative in Q2 and Q3 of 2024 but begin to recover late in the year.”
Despite ‘soft landing’ hype, the LEI is showing no signs at all of ‘recovering’, tumbling back below the peak in March 2006…
And on a year-over-year basis, the LEI is down 6.9% (down YoY for 18 straight months) – still close to its biggest YoY drop since 2008 (Lehman) outside of the COVID lockdown-enforced collapse (but starting to inflect)…
The annual growth rate of the LEI remains deeply negative and decoupled from Real GDP…..
Despite a recent upswing in its 6-month growth rate, the US LEI continues to signal recession…
Finally, the massive easing of financial conditions in the last few months suggests a turn in LEI is imminent…
And hence the ‘soft landing’ mission is accomplished… so no need for rate-cuts? (Except for the banking crisis that looms in March).
end
TUCKER CARLSON..
New DNC Pipe-Bomb Video Can “Utterly Demolish The Jan6 Narrative”: Darren Beattie
FRIDAY, JAN 19, 2024 – 07:20 PM
“If the Republicans step up, if the speaker steps up, if the relevant congressional figures step up, this is the chance to utterly demolish the January 6th narrative that the regime is using to weaponize the national security state against the American people, and to take Trump off the ballot.”
Having acquitted himself extremely well (and calmly) during the ZeroHedge Debate on January 6th, Darren Beattie brandished his considerable tome of facts to discuss with Tucker Carlson the impact of newly-released footage surrounding the pipe-bomb incidents of January 6th (well 5th).
Carlson begins by quite appropriately pointing out the fact that the FBI’s ongoing efforts to apprehend those involved (or not) in the Capitol riot contrasts greatly with their apparent inability to identify the person responsible for the pipe bombs:
“The FBI wants you to know that if you were there, you can’t hide,” highlighting the extensive use of surveillance technology in these efforts.
Except if you hide in plain sight…
Beattie’s analysis of the discovery of the DNC pipe bomb, published on Jan. 18 by Revolver.news raises questions about the authorities’ response to the bomb at the DNC.
The video shows a man (circled in red in the photo below) – now identified by congressional investigators as an undercover US Capitol Police officer – approached an SUV owned by the Metropolitan Police Department just after 1:05 p.m. on Jan. 6.
Then he walked to an adjacent dark SUV belonging to the Secret Service and spoke to someone in the driver’s seat, Revolver reported.
The vehicle was parked in a driveway of the DNC building at the intersection of Canal Street Southeast and South Capitol Street Southeast in Washington D.C.
But, as Beattie points out, their response is described as “utterly unconcerned.”
“What the individual in the backpack is doing is alerting the Metro PD and the Secret Service of the fact that there is a pipe bomb just feet away,” underlining the lack of urgency in their actions.
As Joseph Hanneman details, the undercover officer walked off camera back toward the park bench and the bomb at 1:06:34 p.m., the video shows.
Two occupants of the MPD vehicle exited the SUV at 1:07:25, and a third emerged 35 seconds later.
The driver went back into the vehicle to retrieve a COVID mask.
The first indication on Capitol Police radio dispatch that the DNC bomb had been discovered came at 1:07 p.m., according to audio files obtained by The Epoch Times.
“987-Adam, I’m going to declare a 10-100 at the DNC as well,” an officer broadcast on the OPS2 radio channel. “Similar device as was found at the RNC as well. Advising the units on scene what’s going on.”
At 1:09 p.m., the security camera pivoted and zoomed in on the bench, indicating that the U.S. Capitol Police Command Center was aware of the bomb.
In fact, it took more than two minutes for the Secret Service detail protecting Vice President-elect Kamala Harris to visibly react to the presence of the bomb.
Ms. Harris was inside the DNC building at the time the bomb was discovered.
A group of children were allowed to walk near the bench where the bomb sat after the undercover officer discovered the device, Revolver reported.
Children walk past the Democratic National Committee and a pipe bomb (location marked with a circle) found minutes earlier by a Capitol Police undercover officer. (U.S. Capitol Police/Graphic by The Epoch Times)
In the nearly seven minutes after the undercover officer approached the Secret Service detail, the streets were not closed, the sidewalks were not cordoned off, and pedestrians were allowed to walk right past the bomb location, security video shows.
Agents walked back and forth on the driveway and sidewalk near the bomb, and one officer walked close enough to snap a photo of the device before waving at the other officers.
The FBI later determined the bomb was planted the night of Jan. 5, along with a similar device left in an alley near the Republican National Committee, which is where the conversation between Carlson and Beattie goes next.
Beattie mentions that the bomb was found by a pedestrian, Karlyn Younger, in a back alley with a timer set to go off at 1 p.m., coinciding with the certification of the electoral vote, raising questions about the intent and timing of the bomb placements:
“We’re told that the RNC bomb was sitting behind a trash can in a back alley, undiscovered for over 16 hours, and yet was randomly stumbled on.”
Beattie then discusses the characteristics of the bombs, noting that they were not designed for remote detonation, suggesting they were not intended to explode but rather serve as a diversion.
He also questions how the discoverers of the bombs could be so accurately timed, noting:
“The person who planted the bombs presumably would have had to count or just simply be the luckiest person alive.”
In conclusion, Beattie and Carlson discuss the political implications of the January 6th narrative and the lack of thorough investigation into the pipe bombs.
As we started with at the top of this note, Beattie emphasizes the importance of challenging the official narrative, particularly in the context of the upcoming 2024 election.
…it was no surprise they pushed back a little yesterday, hoping to encourage (wean off) banks to use the discount window instead – because the $161BN BTFP will go extinct in March.
Source: Bloomberg
Amid all this free-money for the banks, total deposits (seasonally-adjusted) fell for the second week in a row (down $12.3BN)…
Source: Bloomberg
On a non-seasonally-adjusted basis, banks have seen deposit outflows of $111BN in the first two weeks of 2024…
Source: Bloomberg
And Fed Fuckery is back on display…
Excluding foreign banks, Domestic bank deposits plunged $107BN (NSA) last week (Large banks MSA -$87.3BN, Small banks NSA -$20.3BN), while they were practically unchanged on an SA basis -$348MN (Large banks SA +5.13BN, Small banks SA -$5.48BN)…
Source: Bloomberg
Interestingly, since NSA domestic deposits reached their pre-SVB levels, they have seen major outflows…
Source: Bloomberg
On the other side of the ledger, loan volumes surprisingly (given the deposit outflows) surged back last week with large bank loan volumes up $14.2BN (the first rise in loans in 6 weeks) while Small Banks saw loan volumes up $15.2BN on the week…
Source: Bloomberg
All of which means – as we pointed out previously – “March will be lit”…
Because without the help of The Fed’s BTFP, the regional banking crisis is back bigly (red line), and large bank cash needs a home – green line – like picking up a small bank from the FDIC…
US Pork Belly Spot Prices Soar As Supplies Tighten
BY TYLER DURDEN
MONDAY, JAN 22, 2024 – 11:20 AM
Chilled US stockpiles of pork bellies, the cut of meat from the underside of a pig that makes delicious bacon, have trended below a 5-year average since the back half of 2023. This occurred alongside a decline in overall pork production, which has ignited a rally in wholesale spot prices.
Since August, the number of pork bellies in US cold storage has been under a 5-year average, or 50 million pounds.
Since mid-December, wholesale spot prices for boxed pork belly 200 pounds jumped from $80 to more than $133, or about a 66% increase on tightening supplies.
The environment for pork producers was challenging in 2023, with many losing, on average, $32 per head. This trend is expected to continue this year.
Last month, Smithfield Foods, the world’s pork processor, revealed it would shutter 26 of its contracted hog operations across Utah.
“Our industry and company are experiencing historically challenging hog production market conditions,” Shane Smith, president and CEO of Smithfield, wrote in a statement in early December.
Smithfield has also shuttered pork plants in Charlotte, North Carolina, and closed 35 hog farms in Missouri last year.
“Profitability as we look at 2023 and 2024 is going to be potentially the worst two-year stretch ever for pork producers,” said Lee Schulz, an economist and professor at Iowa State University, who recently spoke with QZ.
Traders will be focused on the USDA’s World Agricultural Supply and Demand Estimates report on Feb. 8 for the latest status on the pork market.
END
IIIB USA COMMENTARIES RE ISRAEL/HAMAS WAR/ and PERVASIVE ANTISEMITISM/WOKISM
BREAKING: Professor and Election Expert J. Halderman Hacks into Dominion Voting Machine Tabulator in Court on Friday in Georgia in front of Judge Totenberg USING ONLY A PEN TO CHANGE VOTE TOTALS
A court drawing of J. Alex Halderman hacking a Dominion Voting Tabulator in court in Georgia on January 19, 2023, using only a pen! – via J. Alex Halderman on X
Georgia Secretary of State Brad Raffensperger had been hiding this report from the public for two years.
University of Michigan Professor of Computer Science and Engineering J. Alex Halderman and Security Researcher and Assistant Professor at Auburn University Drew Sringall collaborated on the report where they discovered many exploitable vulnerabilities in the Dominion Voting Systems’ ImageCast X system.
Far-left Judge Amy Totenberg sealed and covered up the results of the investigation of Dominion voting machines in Georgia and sat on the report until this week.
The report confirmed that votes can be altered in the Dominion voting machines. In fact, the report revealed that the Dominion software is vulnerable and can be hacked.
Professor Halderman wrote about his findings in a blog post on Wednesday.
Back in September 2020, the Court granted the Curling Plaintiffs access to one of Georgia’s touchscreen ballot marking devices (BMDs) so that they could assess its security. Drew and I extensively tested the machine, and we discovered vulnerabilities in nearly every part of the system that is exposed to potential attackers. The most critical problem we found is an arbitrary-code-execution vulnerability that can be exploited to spread malware from a county’s central election management system (EMS) to every BMD in the jurisdiction. This makes it possible to attack the BMDs at scale, over a wide area, without needing physical access to any of them.
Our report explains how attackers could exploit the flaws we found to change votes or potentially even affect election outcomes in Georgia, including how they could defeat the technical and procedural protections the state has in place. While we are not aware of any evidence that the vulnerabilities have been exploited to change votes in past elections, without more precautions and mitigations, there is a serious risk that they will be exploited in the future.
After the release of the report, Professor Halderman tweeted that Georgia Secretary of State Brad Raffensperger would not install Dominion’s security patches before the 2024 election.
Now this… on Friday, in a Federal Court In Atlanta, Georgia, J. Alex Halderman was able to HACK A DOMINION VOTING TABULATOR In Front Of U.S. District Judge Amy Totenberg in the courtroom!
Halderman USED ONLY A PEN TO CHANGE VOTE TOTALS!
This is part of a long-running lawsuit by election integrity activists set as a bench trial.
The plaintiffs seek to remove what they say are insecure voting machines in Georgia in favor of secure paper ballots.
BREAKING: In A Federal Court In Atlanta Georgia On Friday J. Alex Halderman (@jhalderm) Was Able To HACK A DOMINION VOTING TABULATOR In Front Of U.S. District Judge Amy Totenberg USING ONLY A PEN TO CHANGE VOTE TOTALS! This Is Part Of A Long Running Lawsuit By Election Integrity… pic.twitter.com/nCSgmINTet
Equity bulls and their financial media lackeys were highly excited about the prospect of the S&P 500 Index posting a new all-time high on Friday. Emboldened by the usual Friday rally, soaring Reserves at the Fed, and a massive January option expiration, the usual suspects were giddy and eager to buy stuff.
ESHs traded mostly positive, but sideways, from the Nikkei opening until China’s 2 ET close. With the negative pull from China’s stock market out of the way (CSI 300 -0.15% on Friday), the usual suspects went gaga for ESHs and stocks. ESHs eventually hit a high of 4841.25 at 8:16 ET.
Alas, ESHs then plunged to 4815.00 at 9:41 ET. But the zeal for pushing ESHs to a new all-time S&P 500 Index high remained elevated. Traders pushed ESHs to 4839.25 at 11:09 ET. After a dip into the 11:30 ET European close, ESHs zoomed to 4847.25 at 12:31 ET. The S&P 500 Index was only 5 handles from a new all-time high – with the whole afternoon plus the late manipulation still ahead!
ESHs continued to soar; the S&P 500 Index hit a new all-time high near 13:12 ET. ESHs hit a daily high of 4874.35 at 14:29 ET. After a moderate retreat, ESHs traded in a tight range until the NYSE close.
Friday’s King Report: The odds are high that bulls will try to push the S&P 500 Index above its 4818.62 all-time high today or on Monday.
@EricBalchunas: Nice chart showing how NVIDIA is a hair away from having a bigger weight in the S&P 500 than the entire energy sector, will be the fifth stock to join this elite club via @Todd_Sohn https://twitter.com/EricBalchunas/status/1748006453581926755
@TaviCosta: The S&P 500 just closed at record levels, yet only 1 out of 11 sectors made new highs today — Technology. The disconnect becomes more evident when considering the 5-year performance across different sectors. Tech Bubble 2.0. https://twitter.com/TaviCosta/status/1748521756338323545
Late US stock market surges in long uptrends tend to generate inflation.
S&P 500 Index vs. CPI y/y
Positive aspects of previous session The S&P 500 Index has broken out to a new all-time high. Bonds rallied modestly after an early decline
Negative aspects of previous session US stocks are bubbling up! Is this what Fed leftists desire?
Ambiguous aspects of previous session The Chicago Fed Financial Conditions Index is at Sept/2021 levels. Is this what the Fed wants?
First Hour/Last Hour Action [S&P 500 Index]: 1st Hour from NYSE Open:Down; Last Hour: Up
Pivot Point for S&P 500 Index [above/below indicates daily trend to traders]: 4822.58 Previous session S&P 500 Index High/Low: 4842.07; 4785.87
The FAA is investigating after a Boeing 737 cargo plane had to make an emergency landing in Miami due to an engine failure Thursday night shortly after takeoff. https://t.co/oIGzYfriXs
What the hell is going on at Boeing?
@FOS: The Arena Group has given notice that it intends to lay off Sports Illustrated’s entire staff, according to an email obtained by FOS… After nearly 70 years of publishing, Sports Illustrated’s entire staff was notified on Friday that their jobs were being eliminated… (Another ‘go woke, go broke’ saga) https://twitter.com/FOS/status/1748396387253776742/photo/1
Get Woke Go Broke: Sports Illustrated Terminates Most Staffers in Mass Layoff – Gateway Pundit For the 2023 swimsuit edition, they chose a transgender biological male for one of the covers. In 2022, they chose a dangerously obese woman and a 74-year-old dietician for the coveted swimsuit issue…
America’s 4 largest car makers all pass on the Super Bowl (Ads) for the first time in 23 years — and the race to catch Elon Musk could be to blame The auto industry could be facing a long hangover after a brutal 2023. Racing to catch up to runaway industry leader Tesla, legacy manufacturers had collectively poured roughly $100 billion into mass-market EV production as of November, according to Bloomberg – but sales lagged behind projections, customers complained about reliability issues and most models are still too expensive for the average consumer, even with the help of tax credits. In the recent brutal January winter storm and “bomb cyclone,” Teslas failed to charge for unlucky Chicago consumers in subzero temperatures, likely because they didn’t read the fine print about how to “precondition” their batteries… https://www.msn.com/en-us/money/companies/america-s-4-largest-car-makers-all-pass-on-the-super-bowl-for-the-first-time-in-23-years-and-the-race-to-catch-elon-musk-could-be-to-blame/ar-AA1ncILn
@JackFarley96: Campbell Harvey’s yield curve indicator has inverted 8 times since 1969, and 8 times in a row, a recession followed. When this indicator inverted in November 2022, Harvey thought his creation might be giving a false signal. Now… Harvey expects a slowdown to appear this year, with Q1 & Q2 2024 being a critical window for if his indicator will go 9/9 in predicting a recession… However, Harvey’s indicator was a specific spread: the difference between the 10-year Treasury yield and the 3-month Treasury bill. He detailed the exact mechanics in his pioneering 1986 dissertation on the topic (with Nobel Prize-winning economist Eugene Fama as his thesis advisor). It is this particular spread (10-year minus 3-month) that Harvey uses. Since Harvey invented the indicator, other yield curve spreads have arisen, with the 10Y minus 2Y (“2s10s”) being very popular. However, some of these have given a false signal, with the 2s10s incorrectly signaling a recession in 1998, for example. In addition, the 2s10s inverted very briefly in March 2022, meaning that even if a recession comes very quickly, this signal has a lag of 2 years. https://twitter.com/JackFarley96/status/1748152384327401675
Biden advisers brainstorm best policy pitch to halt Trump’s rise – WaPo Prescription drug caps, taxing the wealthy and reining in corporate price-gouging (junk fees) eyed as potent advantages in president’s reelection bid… Voters continue to disapprove of his handling of the economy… https://www.washingtonpost.com/business/2024/01/20/trump-biden-2024-policy/
@LucasFoxNews on Sat: Over 15 U.S. Patriot surface-to-air missiles fired from al-Asad air base in Iraq to intercept incoming Iranian missiles – source
Multiple U.S. personnel wounded in missile attack on base in Iraq by Iranian-backed militantshttps://t.co/8yeCb2Fxfp
@sentdefender on Sat: Initial Reports of Renewed U.S. airstrikes once again on the Coastal City of Hodeidah in Western Yemen, with explosions being reported near the Airport and Port.
@Global_Mil_Info on Sat: An Israeli strike in Syria killed five Iranian military advisers who were in Iran’s Revolutionary Guard. Iran’s President stated that this attack would not go unanswered.
@LizSly: The US is working hard behind the scenes to head off a bigger Israeli assault on Lebanon. Israel has told US officials they want a deal on new border arrangements perhaps by the end of January – or else. WaPo story behind paywall at link: https://t.co/lNBcI8uFLk
On Sunday, Florida Governor Ron DeSantis suspended his presidential campaign and endorsed Trump.
$162B of Treasury note auctions are scheduled this week: Tuesday (2-year $60.0B), Wednesday (5-year $61.0B) and Thursday (7-year $41.0B). Who will manipulate USHs higher to abet the Treasury?
Today – The S&P 500 Index has broken out to an all-time high. Sentiment is unabashedly euphoric; Reserves at the Fed are mushrooming; wanton fiscal spending will continue for the election; and the Fed cannot issue remarks that debunk the Street’s Fed Pivot narrative because the Fed is in a blackout period for its January 31, 2024. “Party on Garth!” “Party like its 1999!”
We noted last week that traders would get jiggy for the commencement of Fang results that begin tomorrow with Netflix. Ergo, barring unexpected horrendously bad news, stocks are likely to continue higher until the final Fang (Apple) reports on February 2. However, the action in Apple, until last week, has been ugly; the stock declined 10% from 12/14/23 to 1/5/24.
Traders might fear that Apple might report disappointing results. Therefore, the stock rally might peak before Apple reports its results. Ergo, it is prudent to prepare for some type of stock market peak in accordance with January performance gaming next week.
Expected Economic Data: Dec LEI -0.3%; Fed in blackout period ahead of its January 31 FOMC Meeting
ESHs are +17.00 (Traders are euphoric!); USHs are +12/32; and Feb AU is +1.80 at 20:00 ET.
Expected earnings: UAL 1.70, ZION .98
S&P Index 50-day MA: 4638; 100-day MA: 4493; 150-day MA: 4482; 200-day MA: 4403 DJIA 50-day MA: 36,414; 100-day MA: 35,144; 150-day MA: 34,984; 200-day MA: 34,627 (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 4532.43 triggers a sell signal Daily: Trender is positive; MACD is negative – a close below 4717.94 triggers a sell signal Hourly: Trender and MACD are positive – a close below 4805.35 triggers a sell signal
Voters: Obama is Biden’s puppet master A sky-high 63% believe that Obama is “influencing” the Biden White House, where several former Obama administration staffers work… And, according to the latest Rasmussen Reports survey shared with Secrets, 53% said Obama is pulling the strings… 56% of Democrats agreed, shattering claims that only Republicans believe Biden is an agent for Obama… https://www.washingtonexaminer.com/news/2806066/voters-obama-is-bidens-puppet-master/
@AngelaLMorabito: Jill Biden trying to distract from her comments about Hunter’s drug abuse, and ending up under a giant banner reading “Hunter High,” is straight out of a VEEP episode https://twitter.com/AngelaLMorabito/status/1747462261185114289 @MZHemingway: An award should be given to the White House advance staffer who organized an event for Jill Biden with signs such as these.
Jill Biden trolled for giving speech at unfortunately named ‘Hunter High’: ‘Straight out of a Veep episode’ https://t.co/OlM2mkR8ZQ
@RNCResearch: BIDEN (slurring): “I tell every young man that’s telling me, ‘I’m thinking of getting married. You have any advice?’ I said, ‘Yeah, pick a family with five sisters or more…It’s really simple. That way one of them always loves you. Not the same one.'” https://twitter.com/RNCResearch/status/1748453940889309384
@emeriticus: Axios and Politico, two publications Team Trump loves to talk with, reported today that Nikki Haley and Elise Stefanik are on Trump’s VP short list
Trump supporters went postal about the prospect of Haley becoming Trump’s VP. On Saturday, DJT announced that Nikkei Haley would NOT be his VP pick. Haley in return slammed Trump over his deteriorating cognitive abilities. On Sunday, Haley said Trump and Biden are “equally bad.” https://twitter.com/nicksortor/status/1749218431092838644
@BidenHQ: Haley reacts to Trump’s delusional and confused rant last night where he suggested that she was Speaker of the House on January 6: He got confused. I question if he’s mentally fit. https://twitter.com/BidenHQ/status/1748762880126722357
@MailOnline: Nikki Haley says ‘may the best woman win‘ as she reacts to DeSantis dropping out: Responds to Florida governor calling her part of the ‘old Republican guard’ and says race is just ‘one fella and one lady left’
@EndWokeness: Nikki Haley: “You want to know what it was like growing up? I was disqualified from the beauty pageant because I wasn’t white or black.” (Haley plays identity politics like a Dem!) https://twitter.com/EndWokeness/status/1749214799517671556
FBI And Secret Service Are Covering Up Their Role in Alleged January 6 “Pipe Bomb” Plot, New Evidence Suggests – Video footage shows multiple agencies may have lied about the alleged explosive devices and mishandled their investigations A video released by Rep. Thomas Massie… shows that a passerby with a backpack alerted Capitol Police officers sitting in their cars outside the DNC that there was a pipe bomb nearby… In the video, Capitol Police do not react with alarm, and they let people, including children, pass just a few feet from the pipe bomb as though it is not dangerous. The evidence suggests that the Capitol Police officers knew the bomb was not a threat… What’s more, Kyle Seraphin, a former FBI agent who worked on the investigation, said the explosive devices were inoperable. Technicians from the Joint Program Office for Countering IEDs, Seraphin stated, told him the devices lacked the necessary assembly to work… https://twitter.com/shellenberger/status/1748707105954013404 Video from GOP Rep. Massie at link: https://t.co/1LuNm6pGdB
“It is dangerous to be right when the government is wrong.” – Voltaire
Change ‘Trump’ to ‘Obama’ in the above headline/story and imagine the outrage!
@WallStreetSilv: This is why the fake news media is attacking Elon and the X platform. They have lost control of the narrative they once had. “We owned the news. We were the gatekeepers, and we very much owned the facts as well” … Emma Tucker, WSJ Chief Editorhttps://t.co/O7v7KIgUeb
Chair of Harvard’s new antisemitism task force accused of antisemitism The co-chair of the school’s newly appointed Presidential Task Force on Combating Antisemitism once declared “veins of hatred run through Jewish civilization,” according to his 2023 book… In August 2023, Penslar signed onto a letter from a group called Academics4Peace, in which Israel was derided as a “regime of apartheid,” guilty of “Jewish supremacism.”… https://trib.al/lgeg1oo
@FoxNews: Bloomberg reporter says he was ‘physically shoved’ by staffer for Chicago Mayor Brandon Johnson
@AnitaPadilla32: Is the pressure too much for @ChicagosMayor? First @John_Kass reports he is having panic attacks (same info given to me by two reliable separate sources) and now his team thinks it’s okay for his team to physically shove reporters like @IanKullgren…
@GOP: 63% of Americans believe crime is a very serious or extremely serious issue – the highest percentage in over two decades, according to a recent Gallup poll.
David Rogers Webb (DRW) is a financial expert and former global money manager who lives in Sweden. Recently, DRW revealed the game plan of globalists like Klaus Schwab who publicly predicts, “You will own nothing . . .” According to DRW, this is not some idle threat but a complicated active plan demonic Deep State globalist central bankers have been working on for decades. DRW has explained this theft in a free book and documentary called “The Great Taking.” It is a stunning plan to steal almost all wealth and legally not be required to pay one red cent for it. The plan is in the process of unfolding now. DRW explains, “The core of what I am showing here is about securities, stocks and bonds. I also go into the good old fashion way of doing it, which is taking anything encumbered with debt. That’s been done for centuries. They create a cycle where there is a fall in price, and then anyone who is in debt is in trouble, and the collateral is taken. This was the big hammer in ‘The Great Taking 1.0,’ which was the Great Depression. In this go-around, ‘The Great Taking 2.0,’ that is taking things that are not encumbered with debt. . . .There is very sophisticated subterfuge that has been put into place. . . . They have worked for half a century to put this in place. So, it is quite deliberate. This is not an accident.”
The privately owned stocks and bonds in brokerages are now collateral backing up the massive $2 quadrillion in derivatives in the world. DRW calls this a “sleight-of-hand” in regulations that changes ownership of securities in a severe financial meltdown, which is already planned. Actual owners of securities have no idea they are about to be robbed of their wealth. DRW says, “The public had property rights to these stocks and bonds, and they turned that into a contractual claim. So, they have no rights or standing in a bankruptcy. Then, the collateral is transported into the ‘Central Clearing Parties,’ which are set up to fail. They are actually preparing for that. When those fail, it is the secured creditors behind that derivatives complex that have ‘Super-Priority’ to take that collateral. This is what is meant by ‘You will own nothing.’ This is sleight-of-hand to take people’s assets to underpin these financial contracts. . . . I say derivatives are not real things, but they can be used to take the real things through this construct. . . . They are using these vast pools of client securities . . . as the collateral underpinning all these derivative contracts. . . . I think their goal is simply to take all the stuff, and it is taken free of payment.”
This is not just simple greed. It is war, and we are being attacked in ways we have never seen before such as the CV19 bioweapon vax that has already murdered millions of people globally. DRW says, “This is a full spectrum ‘Hybrid War’ because it is not a war between nation states. Russia has been held up as a boogeyman . . . In the book (The Great Taking), I show is a very elaborate structure put in place and implemented by the CIA, The Federal Reserve and the Department of State. This is not being run by the Chinese or the Russians. This is the central banks. . . . They are trying to collapse everything . . . we are in a war, and there are going to be big disruptions. . . . We are all in danger now.”
DRW says the best way to protect yourself is to get out of debt and stay out of debt. He also suggests you may want to sell your stocks and bonds now, and pay off your house or any debts you have. DRW says, “It’s better to get something now than get nothing later.”
There is much more in the 1-hour and 9-minute deep-dive on how central banks plan on stealing everything in the next financial crisis. This is a crisis that is coming much sooner than you have been told.
Join Greg Hunter of USAWatchdog.com as he talks with David Rogers Webb, who is a financial expert and author of the free new book and documentary called “The Great Taking” for 1.20.24.
David Rogers Webb wants to wake up as many people as possible to get them prepared. There is also a chance that this global theft of Biblical proportions might be stopped. This is why DRW is putting everything out to the public free of any charge what-so-ever.
Rocket launchers and rockets found by soldiers of the 55th brigade in Khan Yunis January 20, 2024 (credit: IDF SPOKESPERSON’S UNIT)
Lies are Unbekoming
harveyorganblog.com 
