SHANGHAI GOLD (USD) FUTURES – QUOTE

SHANGHAI GOLD OVER COMEX; 38 DOLLARS

Beginning Monday, April 1, 2024, CME Group settlement data will no longer be accessible through ftp.cmegroup.com and will have a delayed publication time of 12:00 a.m. CT on all cmegroup.com web pages. Learn about alternate ways to access the data in our FAQ.

Last Updated 30 Jan 2024 02:39:14 PM CT.

Market data is delayed by at least 10 minutes.

MONTH	LAST	CHANGE	PRIOR SETTLE	OPEN	HIGH	LOW	VOLUME	UPDATED
FEB 2024 SGUG4	–	–	2070.9	–	–	–	0	12:30:19 CT 30 Jan 2024
MAR 2024 SGUH4	–	–	2081.4	–	–	–	0	12:30:19 CT 30 Jan 2024
APR 2024 SGUJ4	2092.8	+11.5 (+0.55%)	2081.3	2092.5	2092.8	2090.3	22	12:30:19 CT 30 Jan 2024
JUN 2024 SGUM4	–	–	2093.2	–	–	–	0	12:30:19 CT 30 Jan 2024
AUG 2024 SGUQ4	–	–	2093.8	–	–	–	0	12:30:19 CT 30 Jan 2024
OCT 2024 SGUV4	–	–	2094.4	–	–	–	0	12:30:19 CT 30 Jan 2024
DEC 2024 SGUZ4	–	–	2095.0	–	–	–	0	12:30:19 CT 30 Jan 2024

Due to the huge rise in the dollar, we must look at gold and silver in currencies other than the dollar to understand where we are heading

I will now provide gold in Canadian dollars, British pounds and Euros

4: 15 PM ACCESS

*CANADIAN GOLD: $2,727.285 UP 4.09 CDN dollars per oz( * NEW ALL TIME HIGH 2,795.90 CDN DOLLARS PER OZ//DEC 1 272023)

*BRITISH GOLD: 1603.66 UP 5.96 pounds per oz// *(NEW ALL TIME HIGH//CLOSING///1655.17 BRITISH POUNDS/OZ) OCT 2/2023

*EURO GOLD: 1877,56 UP 2.82 euros per oz //* (ALL TIME CLOSING HIGH: 1903.75 EUROS PER OZ//DEC 1.2023)

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EXCHANGE: COMEX

EXCHANGE: COMEX
CONTRACT: JANUARY 2024 COMEX 100 GOLD FUTURES
SETTLEMENT: 2,025.200000000 USD
INTENT DATE: 01/29/2024 DELIVERY DATE: 01/31/2024
FIRM ORG FIRM NAME ISSUED STOPPED

624 H BOFA SECURITIES 510
737 C ADVANTAGE 17
880 H CITIGROUP 493

TOTAL: 510 510
MONTH TO DATE: 7,300

JPMorgan stopped 0/510 contracts.

FOR JAN.:

GOLD: NUMBER OF NOTICES FILED FOR JAN/2024. CONTRACT: 510 NOTICES FOR 51000 OZ or 1.5863 TONNES

total notices so far: 7300 contracts for 730,000 Oz (22.706 tonnes)

FOR JANUARY:

SILVER NOTICES 83 NOTICE(S) FILED FOR 415,000 OZ/

total number of notices filed so far this month : 1350 for 6,750,000 oz

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END

BOTH GLD AND SLV ARE FRAUDULENT VEHICLES

GLD

WITH GOLD UP $6.50

INVESTORS SWITCHING TO SPROTT PHYSICAL (PHYS) INSTEAD OF THE FRAUDULENT GLD/ : HUGE CHANGES IN GOLD INVENTORY AT THE GLD//A WITHDRAWAL OF 1.16 TONNES OF GOLD FROM THE GLD

INVENTORY RESTS AT 854.89 TONNES

SLV//

WITH NO SILVER AROUND AND SILVER DOWN 5 CENTS AT THE SLV//

MEGA CHANGES IN SILVER INVENTORY AT THE SLV AGAIN: A WITHDRAWAL OF 1.876 MILLION OZ OF SILVER FROM THE SLV//

INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV.

CLOSING INVENTORY: 442.699 MILLION OZ

Let us have a look at the data for today

SILVER//OUTLINE

SILVER COMEX OI ROSE BY A VERY STRONG SIZED 471 CONTRACTS TO 137,032 AND CLOSER TO THE RECORD HIGH OI OF 244,710, SET FEB 25/2020 AND THIS SMALL SIZED GAIN IN COMEX OI WAS ACCOMPLISHED WITH OUR GAIN OF $0.37 IN SILVER PRICING AT THE COMEX ON MONDAY. WE HAD A ZERO LONG LIQUIDATION AT THE COMEX SESSION BUT A CONSIDERABLE SHORT COVERING. WE HAD A GOOD 423 T.A.S ISSUANCE AND THESE WILL BE USED FOR MANIPULATION LATER THIS MONTH/AS WELL AS TODAY.

CRAIG HEMKE HAS POINTED OUT THAT THE CROOKS USE THE MID MONTH FOR MANIPULATION AS THEY SELL THEIR BUY SIDE OF THE CALENDAR SPREAD FIRST AND THEN KEEP THE SELL SIDE TO LIQUIDATE AT A LATER DATE. THUS WE HAVE TWO VEHICLES THE CROOKS USE FOR MANIPULATION AND BOTH ARE SPREADERS: 1) AT MONTH’S END/SPREADERS COMEX AND 2/ TAS SPREADERS, MID MONTH. TOTAL TAS ISSUED ON MONDAY NIGHT: 423 CONTRACTS. DESPITE MANY COMPLAINTS THAT THE CROOKS HAVE VIOLATED POSITION LIMITS DUE TO THE FACT THAT THE TAS ISSUED HAVE A VALUE OF ZERO (AS TO POSITION LIMITS FOR OUR CROOKED BANKERS). THE PROBLEM OF COURSE IS THAT THE CROOKS DO NOT LIQUIDATE THE TAS TOGETHER BUT SELL THE BUY SIDE FIRST AND THEN LIQUIDATE THE SELL SIDE TWO MONTHS HENCE. IT IS OBVIOUS MANIPULATION TO THE HIGHEST DEGREE BUT IT NATURALLY FELL ON DEAF EARS WITH OUR REGULATORS (OCC) WHEN THEY RECEIVED OUR COMPLAINTS. IT THUS LOOKS LIKE THE FED (GOV’T) IS BEHIND ALL OF THESE TRADES.

WE HAVE NOW SET ANOTHER RECORD LOW AT 114,102 CONTRACTS ///JULY 3.2023// OUR BANKERS WITH THE HELP OF SPECULATORS AND HIGH FREQUENCY TRADERS WERE UNSUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT ROSE BY $0.37), AND WERE UNSUCCESSFUL IN KNOCKING ANY SILVER LONGS AS WE HAD A HUGE SIZED GAIN OF 1211 CONTRACTS GAIN ON OUR TWO EXCHANGES ACCOMPANYING CONSIDERABLE SHORT COVERING BUT AT HIGHER PRICES.

WE MUST HAVE HAD:

A GOOD SIZED 355 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 465,000 OZ QUEUE. JUMP NEW TOTALS 7.800 MILLION OZ//

//NEW STANDING FOR SILVER IS THUS 7.800 MILLION OZ

//VERY STRONG SIZED COMEX OI GAIN/GOOD SIZED EFP ISSUANCE/ VI) GOOD SIZED NUMBER OF T.A.S. CONTRACT ISSUANCE 423 CONTRACTS)/

I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL -REMOVED 385 CONTRACTS //

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

TOTAL CONTRACTS for 20 days, total 14,924 contracts: OR 74.620 MILLION OZ (746 CONTRACTS PER DAY)

TOTAL EFP’S FOR THE MONTH SO FAR: 74.620 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 : 74.620 MILLION OZ//WILL BE A VERY STRONG MONTH FOR ISSUANCE

RESULT: WE HAD A STRONG SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 471 CONTRACTS WITH OUR GAIN IN PRICE OF SILVER PRICING AT THE COMEX//MONDAY.,. THE CME NOTIFIED US THAT WE HAD A GOOD EFP ISSUANCE CONTRACTS: 355 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 465,000 OZ QUEUE JUMP //NEW TOTAL 6.800 MILLION OZ TO WHICH WE ADD EX. FOR RISK ISSUANCE/PRIOR FOR 1.0 MILLION OZ //NEW TOTALS; 7.800 MILLION OZ/

NEW STANDING 7.800 million OZ /// WE HAVE A HUMONGOUS GAIN OF 1211 OI CONTRACTS ON THE TWO EXCHANGES WITH THE GAIN IN PRICE. THE TOTAL OF TAS INITIATED CONTRACTS TODAY: A GOOD SIZED 423 CONTRACTS//SOME FRONT END OF THE TAS CONTRACTS WERE LIQUIDATED DURING THE MONDAY COMEX SESSION/// WITH CONSIDERABLE SHORT COVERINGS FROM OUR SPEC SHORTS . THE NEW TAS ISSUANCE MONDAY NIGHT (423) WILL BE PUT INTO “THE BANK” TO BE COLLUSIVELY USED AT A LATER DATE//PROBABLY TODAY., .

WE HAD 83 NOTICE(S) FILED TODAY FOR 415,000 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 HUGE SIZED 18,248 CONTRACTS TO 434,766 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 359 CONTRACTS

WE HAD A HUMONGOUS SIZED DECREASE IN COMEX OI ( 18,248 CONTRACTS) DESPITE OUR $8.70 GAIN IN PRICE//MONDAY. WE ALSO HAD A RATHER LARGE INITIAL STANDING IN GOLD TONNAGE FOR JAN. AT 8.214 TONNES ON FIRST DAY NOTICE FOLLOWED BY TODAY’S HUGE 48,500 OZ QUEUE JUMP//NEW STANDING: 22.706 TONNES // ALL OF THIS HAPPENED WITH OUR $8.70 GAIN IN PRICE WITH RESPECT TO MONDAY’S TRADING. WE HAD A HUGE SIZED LOSS OF 11,195 OI CONTRACTS (34.82) PAPER TONNES) ON OUR TWO EXCHANGES. ALL OF THE LOSS WAS DUE TO SPREADER/TAS LIQUIDATION.

E.F.P. ISSUANCE

THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A STRONG SIZED 7053 CONTRACTS:

The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 435,125

IN ESSENCE WE HAVE A HUGE SIZED DECREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 11,195 CONTRACTS WITH 18,248 CONTRACTS DECREASED AT THE COMEX// AND A STRONG SIZED 7053 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI LOSS ON THE TWO EXCHANGES OF 11,195 CONTRACTS.. WE HAD THE FOLLOWING TAS CONTRACTS INITIATED (ISSUED): A FAIR SIZED 1122 CONTRACTS.

CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES

WE HAD A STRONG SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (7053 CONTRACTS) ACCOMPANYING THE HUGE SIZED LOSS IN COMEX OI (18,248) //TOTAL LOSS FOR OUR THE TWO EXCHANGES: 11,195 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 48,500 OZ QUEUE JUMP//NEW STANDING 22.704 TONNES. / 3) ZERO LONG LIQUIDATION AND CONSIDERABLE TAS LIQUIDATION/SPREADER LIQUIDATION WITH SOME SHORT COVERINGS AT HIGHER PRICES.// 4) HUGE SIZED COMEX OPEN INTEREST LOSS/ 5) STRONG ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER///6: FAIR T.A.S. ISSUANCE: 1122 CONTRACTS

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

JAN.

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

TOTAL EFP CONTRACTS ISSUED: 90,428 CONTRACTS OR 9,042,800 OZ OR 281.26 TONNES IN 20 TRADING DAY(S) AND THUS AVERAGING: 4521 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 20 TRADING DAY(S) IN TONNES 281.26 TONNES

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

THUS EFP TRANSFERS REPRESENTS 281.26/3550 x 100% TONNES 7.91% OF GLOBAL ANNUAL PRODUCTION

ACCUMULATION OF GOLD EFP’S YEAR 2021 TO 2023

JANUARY/2021: 265.26 TONNES (RAPIDLY INCREASING AGAIN)

FEB : 171.24 TONNES ( DEFINITELY SLOWING DOWN AGAIN)..

MARCH:. 276.50 TONNES (STRONG AGAIN/

APRIL: 189..44 TONNES ( DRAMATICALLY SLOWING DOWN AGAIN//GOLD IN BACKWARDATION)

MAY: 250.15 TONNES (NOW DRAMATICALLY INCREASING AGAIN)

JUNE: 247.54 TONNES (FINAL)

JULY: 188.73 TONNES FINAL

AUGUST: 217.89 TONNES FINAL ISSUANCE.

SEPT 142.12 TONNES FINAL ISSUANCE ( LOW ISSUANCE)_

OCT: 141.13 TONNES FINAL ISSUANCE (LOW ISSUANCE)

NOV: 312.46 TONNES FINAL ISSUANCE//NEW RECORD!! (INCREASING DRAMATICALLY)//SIGN OF REAL STRESS//SURPASSING THE MARCH 2021 RECORD OF 276.50 TONNES OF EFP

DEC. 175.62 TONNES//FINAL ISSUANCE//

TOTALS: 2,578.08 TONNES/2021

JAN:2022 247.25 TONNES //FINAL

FEB: 196.04 TONNES//FINAL

MARCH/2022: 409.30 TONNES //FINAL( THIS IS NOW A RECORD EFP ISSUANCE FOR MARCH AND FOR ANY MONTH.

APRIL: 169.55 TONNES (FINAL VERY LOW ISSUANCE MONTH)

MAY: 247.44 TONNES FINAL//

JUNE: 238.13 TONNES FINAL

JULY: 378.43 TONNES FINAL

AUGUST: 180.81 TONNES FINAL

SEPT. 193.16 TONNES FINAL

OCT: 177.57 TONNES FINAL ( MUCH SMALLER THAN LAST MONTH)

NOV. 223.98 TONNES//FINAL ( MUCH LARGER THAN PREVIOUS MONTHS//comex running out of physical)

DEC: 185.59 tonnes // FINAL

TOTAL: 2,847,25 TONNES/2022

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

FEB: 151.61 TONNES/FINAL

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

APRIL: 197.42 TONNES

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

JUNE: 172.667 TONNES (WEAKER ISSUANCE THIS MONTH)

JULY: 151.69 TONNES (WEAKER THAN LAST MONTH)

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

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

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

NOV. 239.16 TONNES//WILL BE STRONG THIS MONTH,

DEC. 213.704 TONNES. A STRONG MONTH//

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

JAN ’24: 281.26 TONNES (WILL BE MUCH GREATER THAN LAST MONTH.)

SPREADING OPERATIONS

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

SPREADING LIQUIDATION HAS NOW COMMENCED AS WE HEAD TOWARDS THE NEW ACTIVE FRONT MONTH OF 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 VERY STRONG SIZED 471 CONTRACTS OI TO 137,032 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 355 CONTRACTS

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

MARCH 355 and ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 355 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 856 CONTRACTS AND ADD TO THE 355 OI TRANSFERRED TO LONDON THROUGH EFP’S,

WE OBTAIN A STRONG SIZEDGAIN OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES OF 826 CONTRACTS

THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES TOTAL 4.130 MILLION OZ

OCCURRED WITH OUR $.37 GAIN IN PRICE …..

END

OUTLINE FOR TODAY’S COMMENTARY

1a/COMEX GOLD AND SILVER REPORT

(report Harvey)

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

(Peter Schiff)

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

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

b. Other gold/silver commentaries

c. Commodity commentaries//

d)/CRYPTOCURRENCIES/BITCOIN ETC

2.ASIAN AFFAIRS//

TUESDAY MORNING/MONDAY NIGHT

SHANGHAI CLOSED DOWN 52.83 PTS OR 1.83% //Hang Seng CLOSED DOWN 373.79 PTS OR 2.33% /The Nikkei CLOSED UP 38.92 OR 0.11% //Australia’s all ordinaries CLOSED UP 0.34% /Chinese yuan (ONSHORE) closed DOWN AT 7.17972 /OFFSHORE CHINESE YUAN CLOSED DOWN TO 7.1919 /Oil DOWN TO 76.37 dollars per barrel for WTI and BRENT DOWN AT 81.78/ Stocks in Europe OPENED ALL GREEN// ONSHORE YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING WEAKER AGAINST US DOLLAR/OFFSHORE WEAKER

A)NORTH KOREA/SOUTH KOREA

outline

b) REPORT ON JAPAN/
OUTLINE

3 CHINA
OUTLINE

4/EUROPEAN AFFAIRS
OUTLINE

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
OUTLINE

6.Global Issues//COVID ISSUES/VACCINE ISSUES
OUTLINE

7. OIL ISSUES
OUTLINE

8 EMERGING MARKET ISSUES
9. USA

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

GOLD

LET US BEGIN:

THE TOTAL COMEX GOLD OPEN INTEREST FELL BY A HUMONGOUS SIZED 18,248 CONTRACTS TO 434,766 DESPITE OUR GAIN IN PRICE OF $8.70 WITH RESPECT TO MONDAY TRADING. WE MUST HAVE HAD TREMENDOUS SPREADER AND T.A.S. SPREADER LIQUIDATION DURING THE COMEX SESSION.

EXCHANGE FOR PHYSICAL ISSUANCE

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

THAT IS 7053 EFP CONTRACTS WERE ISSUED: : FEB 7053 & ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE: 7053 CONTRACTS

ON A NET BASIS IN OPEN INTEREST WE LOST THE FOLLOWING TODAY ON OUR TWO EXCHANGES: A STRONG SIZED TOTAL OF 11,195 CONTRACTS IN THAT 7053 LONGS WERE TRANSFERRED AS FORWARDS TO LONDON AND WE HAD A HUMONGOUS SIZED LOSS OF 18,248 COMEX CONTRACTS..AND THIS STRONG SIZED LOSS ON OUR TWO EXCHANGES HAPPENED DESPITE OUR GAIN IN PRICE OF $8.70 MONDAY COMEX.ALL OF THE LOSS WAS DUE TO SPREADER/TAS LIQUIDATION. AS PER OUR NEWBIE TRADE AT SETTLEMENT (TAS) MANIPULATION OPERATION (WHICH CRAIG HEMKE HAS POINTED OUT HAPPENS DURING MID MONTH IN THE DELIVERY CYCLE), THE CME REPORTS THAT THE TOTAL T.A.S. ISSUANCE FOR MONDAY NIGHT WAS A FAIR SIZED 1122 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 (22.706 TONNES) ( NON ACTIVE MONTH)

HERE ARE THE AMOUNTS THAT STOOD FOR DELIVERY IN THE PRECEDING 24 MONTHS OF 2021-2023:

DEC 2021: 112.217 TONNES

NOV. 8.074 TONNES

OCT. 57.707 TONNES

SEPT: 11.9160 TONNES

AUGUST: 80.489 TONNES

JULY: 7.2814 TONNES

JUNE: 72.289 TONNES

MAY 5.77 TONNES

APRIL 95.331 TONNES

MARCH 30.205 TONNES

FEB ’21. 113.424 TONNES

JAN ’21: 6.500 TONNES.

TOTAL YEAR 2021 (JAN- DEC): 601.213 TONNES

YEAR 2022:

JANUARY 2022 17.79 TONNES

FEB 2022: 59.023 TONNES

MARCH: 36.678 TONNES

APRIL: 85.340 TONNES FINAL.

MAY: 20.11 TONNES FINAL

JUNE: 74.933 TONNES FINAL

JULY 29.987 TONNES FINAL

AUGUST:104.979 TONNES//FINAL

SEPT. 38.1158 TONNES

OCT: 77.390 TONNES/ FINAL

NOV 27.110 TONNES/FINAL

Dec. 64.000 tonnes

(TOTAL YEAR 656.076 TONNES)

2023:

JAN/2023: 20.559 tonnes

FEB 2023: 47.744 tonnes

MAR: 19.0637 TONNES

APRIL: 75.676 tonnes

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

JUNE: 64.354 TONNES

JULY: 10.2861 TONNES

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

SEPT: 15.281 TONNES FINAL

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

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

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

TOTAL 2023 YEAR : 436.546 TONNES

JAN ’24. 22.706 TONNES

THE SPECS/HFT WERE UNSUCCESSFUL IN LOWERING GOLD’S PRICE( IT GAINED $8.70 //// AND WERE UNSUCCESSFUL IN KNOCKING ANY SPECULATOR LONGS AS DESPITE STRONG SIZED LOSS OF 11,195 TOTAL CONTRACTS ON OUR TWO EXCHANGES, ALL OF THAT LOSS WAS DUE TO SPREADER/T.A.S LIQUIDATION.. WE HAD A FAIR T.A.S. LIQUIDATION ON THE FRONT END OF MONDAY’S TRADING . THE T.A.S. ISSUED ON MONDAY NIGHT, WILL BE “PUT INTO THE BANK” TO BE USED AT A LATER DATE AT THE COLLUSIVE CHOOSING OF OUR BANKERS. WE ALSO EXPERIENCED CONSIDERABLE SPECULATOR SHORT COVERING AT HIGHER PRICES.

WE HAVE LOST A TOTAL OI OF 34.82 PAPER TONNES FROM OUR TWO EXCHANGES, ACCOMPANYING OUR INITIAL GOLD TONNAGE STANDING FOR JAN. (8,214 TONNES) ON FIRST DAY NOTICE FOLLOWED BY TODAY’S 48500 OZ QUEUE JUMP (1.508 TONNES): NEW TOTAL STANDING 22.704 TONNES/ ALL OF THIS WAS ACCOMPLISHED WITH OUR GAIN IN PRICE TO THE TUNE OF $8.70

WE HAD – REMOVED 359 CONTRACT TO THE COMEX TRADES TO OPEN INTEREST (CROOKS)

NET LOSS ON THE TWO EXCHANGES 11,195 CONTRACTS OR 1,119,500 OZ OR 34.82 TONNES.

Estimated gold volume today:// 238,045 fair

final gold volumes/yesterday 345,492

//speculators have left the gold arena

JAN 30 FINAL

/ /// THE JAN 2024 GOLD CONTRACT

Gold	Ounces
Withdrawals from Dealers* Inventory in oz*	nil
Withdrawals from Customer* Inventory in oz*	74,979.451 OZ JPMorgan Malca .
Deposit to the Dealer* Inventory in oz*	64,005.59 oz ASAHI
Deposits to the Customer* Inventory, in oz*	NIL oz
No of oz served (contracts) today	510 notice(s) 51000 OZ 1.5863 TONNES
No of oz to be served (notices)	00 contracts 0 oz 0.0000 TONNES
Total monthly oz gold served (contracts) so far this month	7300 notices 730000 oz 22.706 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

1 dealer deposits:

i) Into ASAHI 64,005.59 oz

total dealer deposits: 64,005.59 oz

total customer withdrawals: 2

i) Out of JPMorgan: 9259.488 oz

ii) Out of Malca 64,719.963 oz

total withdrawals 73,970.451 oz

we had

0 customer deposits

total deposits NIL oz

Adjustments; 0

CALCULATIONS FOR THE AMOUNT OF GOLD STANDING FOR JAN.

For the front month of JANUARY we have an oi of 510 contracts having GAINED 483 contracts. We had 27 notices served on MONDAY, so we gained 48,500 contracts or an additional 48,500 oz will stand for delivery at the comex .

FEB LOST 38,768 CONTRACTS FALLING TO 30,284 WE HAVE 1 MORE READING DAYS BEFORE FIRST DAY NOTICE. WE SHOULD HAVE A STRONG AMOUNT OF GOLD STANDING FOR DELIVERY FOR FEB.

March GAINED 707 contracts to stand at 1675.

APRIL GAINED 19,670 CONTRACTS RISING TO 333,694.

We had 510 contracts filed for today representing 51000 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 510 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 0 notice(s) was (were) stopped ( received) by J.P.Morgan//customer account and 0 notice(s) received (stopped) by the squid (Goldman Sachs)

To calculate the INITIAL total number of gold ounces standing for the JAN. /2024. contract month, we take the total number of notices filed so far for the month (7300 x 100 oz ), to which we add the difference between the open interest for the front month of JAN. (510 CONTRACTS) minus the number of notices served upon today 510 x 100 oz per contract equals 730,000 OZ OR 22.706 TONNES

thus the INITIAL standings for gold for the JAN. contract month: No of notices filed so far (7300) x 100 oz + (510) {OI for the front month} minus the number of notices served upon today (510) x 100 oz) which equals 730,000 oz standing OR 22.706 TONNES

TOTAL COMEX GOLD STANDING FOR JAN: 22.706 TONNES WHICH IS GREAT FOR AN INACTIVE DELIVERY MONTH IN THE CALENDAR.

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

COMEX GOLD INVENTORIES/CLASSIFICATION

NEW PLEDGED GOLD:

241,794.285 oz NOW PLEDGED /HSBC 5.94 TONNES

204,937.290 PLEDGED MANFRA 3.08 TONNES

83,657.582 PLEDGED JPMorgan no 1 1.690 tonnes

265,999.054, oz JPM No 2

1,152,376.639 oz pledged Brinks/

Manfra: 33,758.550 oz

Delaware: 193.721 oz

International Delaware:: 11,188.542 oz

total pledged gold: 1,343,999.307 41.80 tonnes

TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD: 19,588,271.904 OZ

TOTAL REGISTERED GOLD 9,140,600.283 (284.31 tonnes).

TOTAL OF ALL ELIGIBLE GOLD: 10,447,671.081 OZ

REGISTERED GOLD THAT CAN BE SERVED UPON: 7,796,651 oz (REG GOLD- PLEDGED GOLD) 242.50- tonnes

END

SILVER/COMEX

JAN 30/INITIAL

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

Silver	Ounces
Withdrawals from Dealers* Inventory*	NIL oz
Withdrawals from Customer Inventory	1,214,155.290 oz CNT HSBC JPMorgan .
Deposits to the Dealer* Inventory*	OZ nil
Deposits to the Customer Inventory	2764.43 oz ASAHI
No of oz served today (contracts)	83 CONTRACT(S) (415,000 OZ)
No of oz to be served (notices)	0 contracts (NIL oz)
Total monthly oz silver served (contracts)	1350 Contracts (6750,000 oz)
Total accumulative withdrawal of silver from the Dealers* inventory this month*	NIL oz
Total accumulative withdrawal of silver from the Customer* inventory this month*

i) 1 dealer deposit

i) Into ASAHI: 2764.43 oz

total dealer deposit: 2764.43 oz

i) We had 0 dealer withdrawal

total dealer withdrawals: 0 oz

We had 0 deposits customer account:

total customer deposits nil oz

JPMorgan has a total silver weight: 130.806 million oz/274.984 million or 47.65%

adjustment: 0

Comex withdrawals: 3

i) Out of CNT 599,615.690 oz

ii) Out of HSBC: 80,346.400 oz

iii) Out of JPMorgan 534,693.200 oz

total withdrawal: 1,214,155.290 oz

TOTAL REGISTERED SILVER: 41.579 MILLION OZ//.TOTAL REG + ELIGIBLE. 274.984 million oz

CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR DECEMBER:

silver open interest data:

FRONT MONTH OF JAN. /2023 OI: 43 CONTRACTS HAVING LOST 19 CONTRACT(S). WE HAD 112 NOTICES SERVED ON MONDAY, SO WE GAINED 93 CONTRACTS OR AN ADDITIONAL 465,000 OZ WILL STAND FOR DELIVERY AT THE COMEX

FEB GAINED 47 CONTRACTS TO STAND AT 714. WE SHOULD HAVE A FAIRLY DECENT STANDING FOR THE FRONT MONTH OF FEB. FOR SILVER

MARCH LOST 621 CONTRACTS TO 99,481

TOTAL NUMBER OF NOTICES FILED FOR TODAY: 83 for 415,000 oz

Comex volumes// est. volume today 56.144 good

Comex volume: confirmed yesterday 64,670 good

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 1350 x 5,000 oz = 6,750,000 oz

to which we add the difference between the open interest for the front month of JAN. (93) and the number of notices served upon today 83 x (5000 oz) equals the number of ounces standing.

Thus the standings for silver for the JAN/2024 contract month: 1350 (notices served so far) x 5000 oz + OI for the front month of JAN. (93) – number of notices served upon today (83 )x 500 oz of silver standing for the JAN contract month equates to 6.800 MILLION OZ. to which we add our exchange for RISK of 1.0 million oz//new total 8.8000 million oz/

New total standing: 8.800 million oz.

There are 41.579 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 30/WITH GOLD UP $6.50 TODAY HUGE CHANGES IN GOLD INVENTORY AT THE GLD:A WITHDRAWAL OF 1.16 TONNES OF GOLD FROM THE GLD// / //://INVENTORY RESTS AT 854.89 TONNES:

TOTAL IN LAST 18 DAYS WITHDRAWAL OF 14.12 TONNES

JAN 29/WITH GOLD UP $8.70 TODAYHUGE CHANGES IN GOLD INVENTORY AT THE GLD:A WITHDRAWAL OF 2.88 TONNES OF GOLD FROM THE GLD// / //://INVENTORY RESTS AT 856.05 TONNES

JAN 26/WITH GOLD DOWN $0.10 TODAY:NO CHANGES IN GOLD INVENTORY AT THE GLD: / //://INVENTORY RESTS AT 858.93 TONNES

JAN 25/WITH GOLD UP $2.50 TODAY:NO CHANGES IN GOLD INVENTORY AT THE GLD: / //://INVENTORY RESTS AT 858.93 TONNES

JAN 24/WITH GOLD DOWN $9.75 TODAY:NO CHANGES IN GOLD INVENTORY AT THE GLD: / //://INVENTORY RESTS AT 858.93 TONNES

JAN 23/WITH GOLD UP $3.95 TODAY:HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 2.02 TONNES OF GOLD FROM THE GLD/ //://INVENTORY RESTS AT 858.93 TONNES

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

GLD INVENTORY: 856.05 TONNES

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

JAN 30/WITH SILVER DOWN 5 CENTS TODAY MEGA CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1.876 MILLION OZ INTO THE SLV(FAIRY TALES) // /INVENTORY RESTS AT 442.699 MILLION OZ//LAST 4 DAYS: 7.368 MILLION OZ WITHDRAWAL

JAN 29/WITH SILVER UP $.37 TODAY MEGA CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 2.105 MILLION OZ INTO THE SLV(FAIRY TALES) // /INVENTORY RESTS AT 444.575 MILLION OZ

JAN 26/WITH SILVER DOWN $0.03 TODAY MEGA CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1.556 MILLION OZ INTO THE SLV(FAIRY TALES) // /INVENTORY RESTS AT 446.680 MILLION OZ

JAN 25/WITH SILVER UP $0.03 TODAY MEGA CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 1.831 MILLION OZ INTO THE SLV(FAIRY TALES) // /

INVENTORY RESTS AT 448.236 MILLION OZ

JAN 24/WITH SILVER UP $0.44 TODAY MEGA CHANGES IN SILVER INVENTORY AT THE SLV: ANOTHER DEPOSIT OF 1.375 MILLION OZ INTO THE SLV(FAIRY TALES) // //INVENTORY RESTS AT 450.067 MILLION OZ

JAN 23/WITH SILVER UP $0.21 TODAY MEGA CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 16.201 MILLION OZ INTO THE SLV(FAIRY TALES) // //INVENTORY RESTS AT 448.694 MILLION OZ

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

CLOSING INVENTORY 444.575 MILLION OZ//

PHYSICAL GOLD/SILVER COMMENTARIES

1:Peter Schiff/Mike Maharrey

END

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

MATHEW PIEPENBURG

END

3. CHRIS POWELL//GATA GOLD COMMENTARIES:

GATA’s Steer talks silver deficit, China’s gold accumulation, and confiscation

Submitted by admin on Tue, 2024-01-30 12:45 Section: Daily Dispatches

12:48p ET Tuesday, January 30, 2024

Dear Friend of GATA and Gold:

GATA board member Ed Steer, publisher of Ed Steer’s Gold & Silver Digest, was just interviewed by radio talk-show host Dave Janda on WAAM-AM600 in Ann Arbor, Michigan, discussing, among other things, the structural deficit in silver, China’s heavy accumulation of gold, and the possibility of government confiscation of privately owned gold.

The interview is 24 minutes long and can be heard at Janda’s internet site here:

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

END

A must view…

(Live from the Vault/Andrew Maguire)

With 40,000 tonnes, China can trigger a weaponized gold revaluation at any time, Maguire says

Submitted by admin on Fri, 2024-01-26 22:23 Section: Daily Dispatches

10:23p ET Friday, January 26, 2024

Dear Friend of GATA and Gold:

China likely has 20 times the 2,200 tonnes in gold reserves it has officially reported, or 40,000 tonnes, London metals trader Andrew Maguire tells this week’s edition of Kinesis Money’s “Live from the Vault” program, making a weaponized gold price revaluation possible at any time.

Meanwhile, Maguire says, heavy demand by central banks is keeping the gold price above $2,000 despite the constant attempts to knock it down in trading on the New York Commodities Exchange.

The program is 41 minutes long and can be viewed at YouTube here:

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

end

4. OTHER GOLD/SILVER //COMMENTARIES//PODCASTS// live from the vault//Andrew Maguire

END

5 a. IMPORTANT COMMENTARIES ON COMMODITIES /

END

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

END

6.CRYPTOCURRENCY//DIGITAL CURRENCY// COMMENTARIES/

end

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

ONSHORE YUAN: CLOSED DOWN 7.1792

OFFSHORE YUAN: UP TO 7.1919

SHANGHAI CLOSED DOWN 52.83 PTS OR 1.83%

HANG SENG CLOSED DOWN 373.79 PTS OR 2.33%

2. Nikkei closed UP 38.92 PTS OR 0.11%

3. Europe stocks SO FAR: ALL GREEN

USA dollar INDEX DOWN TO 103.27 EURO RISES TO 1.0841 UP 8 BASIS PTS

3b Japan 10 YR bond yield:FALLS TO. +.703 Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 147.43/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 DOWN for WTI and DOWN FOR Brent this morning

3h European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund UP TO +2.2530***/Italian 10 Yr bond yield UP to 3.766** /SPAIN 10 YR BOND YIELD UP TO 3.152…**

3i Greek 10 year bond yield DOWN TO 3.191

3j Gold at $2035.80 silver at: 23.11 1 am est) SILVER NEXT RESISTANCE LEVEL AT $30.00

3k USA vs Russian rouble;// Russian rouble UP 0 AND 32 /100 roubles/dollar; ROUBLE AT 89.39//

3m oil into the 76 dollar handle for WTI and 81 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 147,43// 10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 0.703% 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 0.8626 as the Swiss Franc is still rising against most currencies. Euro vs SF: 0.9352 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: 4.069 DOWN 2 BASIS PTS…

USA 30 YR BOND YIELD: 4.298 DOWN 4 BASIS PTS/

USA 2 YR BOND YIELD: 4.318 DOWN 0 BASIS PTS

USA DOLLAR VS TURKISH LIRA: 30.36…(TURKEY SET TO BLOW UP FINANCIALLY)

GREAT BRITAIN/10 YEAR YIELD: DOWN 2 BASIS PTS AT 3.9045

end

2.a Overnight: Newsquawk and Zero hedge

Futures Dip As Megacap Earnings Begin: Microsoft And Alphabet On Deck

TUESDAY, JAN 30, 2024 – 08:29 AM

After yesterday’s late day meltup, sparked by an overly optimistic forecast of Treasury supply, which sent stocks to a new all time high, US equity futures drifted lower in a tight range as investors looked ahead to the flood of tech earnings (Alphabet and Microsoft are due after the close) for insights on whether the record-breaking rally in equities can continue, while bracing for key announcements from the Fed and Labor department. Monday’s latest record close pushed the S&P 500’s gains this month to 3.3%, while the Nasdaq 100 has surged 4.6%. Europe’s Stoxx 600 index crept to a new two-year high as autos and banking stocks led gains. Bitcoin is on course to advance for a fifth straight month, after rising 2% in January; The last time the largest digital asset managed a winning streak like this was the October 2020 to March 2021 stretch oiled by pandemic-era easy money. As stocks dropped, both 10Y TSY yields and the US dollar traded largely unchanged. Oil dipped as Biden refuses to retaliate against Iranian proxies, terrified any escalation will send gas prices soaring and crush his reelection chances.

In premarket trading, General Motors jumped 8% after beating profit expectations, while United Parcel Service fell as its revenue guidance missed projections. Here are some of the other notable premarket movers:

Calix plunges 19% after the communication software company’s first-quarter forecast disappointed.
Danaher falls 2.5% after the company forecasted core sales for the full year 2024 that disappointed Wall Street.
General Motors gains 7% after beating Wall Street expectations for the fourth quarter. The automaker expects profits this year to grow on improved sales in the US.
Johnson Controls slips 2% after cutting its adjusted earnings per share forecast for the full year.
Spotify rises 1.8% after UBS upgraded its rating to buy, saying the stock has “room to run” as efficiency gains fully play out.
Super Micro Computer jumps 13% after the server maker beat estimates on second-quarter net sales and raised its revenue forecast for the year.
Tesla climbs 2%, poised to extend gains for a third consecutive session, as exchange-traded funds managed by Cathie Wood’s Ark Investment Management bought more shares of the EV maker.
United Parcel Service falls 7% after posting fourth-quarter sales below analysts’ estimates and providing 2024 guidance that missed expectations.
Whirlpool drops 4.7% after the home appliance manufacturer issued weaker-than-expected projections for revenue and earnings per share for the year.
Woodward rises 5.8% after boosting its full-year profit and sales outlook. First-quarter profit and sales also beat estimates.

The busiest week so far of this reporting season is about to kick into gear: Microsoft and Alphabet will offer the first evidence later of whether the bullish sentiment around the so-called Magnificent Seven looks sustainable. By the time Apple, Amazon.com and Meta Platforms are done reporting Thursday, five tech giants with a combined market value exceeding $10 trillion will have updated the market.

While earnings will be a key test of the continued market meltup, as will the Fed’s decision tomorrow with bulls hoping for further dovish signals from Chair Jerome Powell, some of Wall Street’s biggest optimists are growing concerned that the good vibes are sending a contrarian signal on the market. Yet even as they issue warnings at the market level, at a sector level banks are turning even more bullish, with Morgan Stanley analysts turning – surprise – bullish on major US banks (such as Morgan Stanley of course), saying regulatory changes for higher capital levels may be less onerous that current proposals — allowing for more stock buybacks down the road (translation: please buy our stock).

The tech rally, which according to JPM increasingly looks like the dot com bubble, has been fueled by expectations that interest-rate cuts from the Federal Reserve will help boost earnings growth. While the Fed is expected to hold rates this week, investors are keenly awaiting comments from Chair Jerome Powell after Wednesday’s decision for clues on the policy outlook. Traders are assigning roughly even odds to the prospect that the central bank will start lowering borrowing costs at its next meeting in March.

“Everything will play out in the next three days between the Fed meeting and the US tech results,” said Alexandre Baradez, chief market analyst at IG Markets in France. “The market is waiting for Powell to open the door for a rate cut in March, but it could very well be signaled for the second quarter.”

And speaking of another tech bubble, JPM quant Khuram Chaudhry said that the role of a small number of stocks in driving the advance on Wall Street poses a risk to the market and has a lot in common with the dot-com bubble. The share of the top 10 stocks on the MSCI USA Index, including all of the Magnificent Seven — Apple, Microsoft, Nvidia Corp., Alphabet, Amazon, Meta and Tesla — has risen to 29.3% as of the end of December. That’s just moderately below the historical peak share of 33.2%, which occurred in June 2000, the strategists wrote. And just four sectors are represented in the top 10 stocks, against a historical median of six.

“The key takeaway is that extremely concentrated markets present a clear and present risk to equity markets in 2024,” Chaudhry said. “Just as a very limited number of stocks were responsible for the majority of gains in the MSCI USA, drawdowns in the top 10 could pull equity markets down with them.”

Meanwhile, the spotlight continues to be on oil prices – that key catalyst that will determine whether the Fed will be allowed to be dovish or whether prices spike, sparking a hawkish reversal – as the market waits for how the US will respond to the deadly attack on American troops in Jordan, with Iran urging the White House to use diplomacy to ease tensions in the Middle East. A big surprise for oil traders came from Saudi Aramco, which abandoned a plan to boost its oil output capacity in a significant reversal that suggests the kingdom is becoming serious about curbing supply. Bloomberg Economics estimates Saudi Arabia needs an oil price of $108 a barrel to balance its budget and meet domestic spending by the sovereign wealth fund. Crude is steady in London today, trading near $82 a barrel.

European stocks look set to rise for a fifth straight session as data showed the euro zone unexpectedly avoided a recession in the latter half of 2023. The Stoxx 600 rises 0.3% to a fresh two-year high, led by gains in retail, bank and media shares. The Estoxx 50 climbed 0.5%, supported by euro-zone GDP data. Here are some of the most notable European movers:

Avolta shares rise as much as 7.3%, the most since November, after the world’s largest duty-free operator got upgraded to buy at Stifelwhich says the stock is too cheap to ignore
Skanska rises as much as 6.9% to lead gains on the Stoxx 600 construction and materials index, as Jefferies double-upgraded to buy from underperform
DKSH shares rise as much as 4.8% after UBS upgrades its recommendation to buy, saying the Swiss distribution company’s stock is undervalued as execution is improving
WPP jumps as much as 6.9%, the most intraday since 2022, as analysts embraced the advertising giant’s updated guidance for the medium term and await further details at today’s CMD
SSP rises as much as much as 4.3% to hit its highest level in over six weeks after the company, which sells food in high-footfall traffic travel destinations, kept up the momentum in 1Q
Synthomer gains as much as 3.9% as Morgan Stanley highlights a decline in net debt and improvement in free cash flow generation at the firm, offsetting the company’s negative forecasts
Deliveroo falls as much as 5.7% as Germany’s Delivery Hero exits its stake in the food delivery company at a discount to last close; Delivery Hero meanwhile falls as much 11%
Diageo drops as much as 4.3% after the spirits maker’s 1H profit and sales missed estimates, with demand remaining weak. Morgan Stanley said they show a continued loss of market share
European and Saudi drilling services stocks fall after Saudi Aramco, the world’s largest oil company, abandoned plans to boost its output capacity
Pets at Home drops as much as 6.3% after the pet supplies firm reported 3Q results RBC said were softer than expected, with the retail segment being the main driver of disappointment
Jungheinrich drops as much as 6.2% as Oddo downgrades to neutral, with Kion Group rising 5% as it is upgraded to outperform and now the broker’s preferred name among the two

Earlier in the session, Asian equities declined, driven by a slump in Hong Kong and mainland China amid renewed concerns over the country’s property sector and as earnings disappoint. The MSCI Asia Pacific Index fell as much as 0.3%, with Tencent, AIA Group and TSMC among the biggest drags. Chinese stocks continued their slide as Evergrande’s liquidation order intensified worries about the embattled real estate sector given the lack of forceful policy support. “Ongoing news flow confirms that the property crisis is still hot and not easy to fix, or else it already would be,” said Kieran Calder, head of Asia equity research at Union Bancaire Privee. “Valuations are clearly cheap, but for good reasons including self-inflicted damage to the tech and real estate sectors,” he said. Hong Kong benchmarks were also weighed by BYD after the EV maker missed earnings forecast.

In FX, the dollar was little changed; the Bloomberg dollar index steadied. The pound is the weakest of the G-10 currencies, falling 0.2% versus the greenback. The Swedish krona is the strongest.

EUR/USD pared an earlier drop of 0.2% to trade flat at 1.0828, after euro-area GDP data showed the region unexpectedly avoided a recession; Italy and Spain posted surprisingly strong results offsetting German weakness
GBP/USD slumped as much as 0.3% to a session low of 1.2672, as the pound led G-10 losses against the dollar; Inflation in UK stores fell to the lowest level in more than 18 months
NZD/USD crept up to its highest level in nearly a week before reversing gains to trade flat at 0.6134; RBNZ chief economist Paul Conway said the central bank has a way to go to get inflation under control, dashing hope for a pivot to rate cuts

Elsewhere, Nigeria’s naira plunged to a record against the dollar following a revision of the methodology used to set the exchange rate, in effect the second devaluation of the currency in seven months. The local unit depreciated 31% to 1,413 naira a dollar on Monday in the official foreign exchange window.

In rates, Treasury yields reversed an earlier drop after a cut in the quarterly borrowing estimate by the US Treasury eased concerns about the flood of debt being issued to cover the federal deficit. US yields were flat, after earlier dropping by as much as 2bp across long-end of the curve with 5s30s spread flatter by 2bp on the day; 10-year yields around 4.07%, slightly richer vs Monday’s close and outperforming bunds by 2.5bp on the day. Dollar swap spreads extend related widening move. Bunds are little changed, having pared gains after Spanish inflation unexpectedly accelerated in January. US session includes JOLTS job openings data. Dollar issuance slate includes three names already; nine deals priced $19.5b Monday, taking January new issue volume above $188b, a new all time high.

In commodities, oil was steady as the market waited for a US response to the deadly attack on American troops in Jordan, which could risk an escalation of tensions in a region key to global crude production. Spot gold rises 0.2%.

Looking tot he day ahead, US economic data includes November FHFA house price index, S&P CoreLogic home prices (9am), January consumer confidence, December JOLTS job openings (10am) and January Dallas Fed services activity. In Europe, there’s the Q4 GDP data from the Euro Area, along with UK mortgage approvals for December. From central banks, we’ll hear from the ECB’s Vujcic, Lane, Vasle and Nagel. Lastly, today’s earnings releases include Microsoft, Alphabet, Pfizer, UPS, Starbucks and General Motors.(10:30am)

Market Snapshot

S&P 500 futures down 0.1% to 4,949.25
STOXX Europe 600 up 0.3% to 486.35
MXAP down 0.4% to 165.95
MXAPJ down 0.8% to 505.58
Nikkei up 0.1% to 36,065.86
Topix down 0.1% to 2,526.93
Hang Seng Index down 2.3% to 15,703.45
Shanghai Composite down 1.8% to 2,830.53
Sensex down 1.2% to 71,113.89
Australia S&P/ASX 200 up 0.3% to 7,600.19
Kospi little changed at 2,498.81
German 10Y yield little changed at 2.25%
Euro little changed at $1.0824
Brent Futures up 0.2% to $82.58/bbl
Gold spot up 0.2% to $2,037.33
U.S. Dollar Index little changed at 103.54

Top Overnight News

China’s 10-year yield briefly broke below 2.5% on Tues, the lowest level in more than two decades as confidence in the country’s growth/inflation backdrop fades (and expectations build for additional stimulus). WSJ
TikTok said it has spent $1.5 billion building an operation intended to convince U.S. lawmakers that the popular video-sharing app is safe. TikTok executives publicly promised to voluntarily wall-off American user data and bring in engineers and third parties to certify the app’s algorithm delivered content without interference from China, where its parent company, ByteDance, is located. So far, TikTok is struggling to live up to those promises. WSJ
Aramco abandoned a plan to boost its oil output capacity, a major U-turn that Vanda said suggests Saudi Arabia is moderating its view for global demand growth. BBG
Spain’s CPI for Jan unexpectedly accelerates, coming in +3.4% Y/Y on the headline (vs. the Street +3% and vs. +3.1% in Dec), although core cooled to +3.6% (down from +3.8% in Dec but ahead of the Street’s +3.3% forecast). DJ
The euro-area economy stagnated in the fourth quarter, unexpectedly avoiding further contraction. France’s economy was flat, buoyed by exports. As expected, Germany was the weak spot with GDP falling 0.3%. Spain’s growth came in hot — and so did inflation. Italy also outperformed. BBG
Antony Blinken, the US secretary of state, has warned that the Middle East faces its most “dangerous” conditions since at least 1973, as Washington considers its response to an attack that killed three service members at the weekend. FT
White House is weighing three broad options for retaliation against the Jordan attack: strike Iranian territory or waters; strike Iranian proxy groups in the Middle East (but not in Iran itself); or impose significant financial sanctions on the Iranian government/economy. WSJ
Elon Musk said the first human received a Neuralink brain implant, a potential milestone in the development of “brain-computer interface” technology that could one day help those suffering from debilitating conditions such as paralysis to interact with their surroundings. WSJ
Supermicro +12% in pre mkt (SMCI) provided very guidance for the Mar Q and raised its revenue forecast for the fiscal year (fdrom $10-11B to $14.3-14.7B). RTRS
US venture capitalists are sitting on $311bn in unspent cash, as they shy away from risky bets on Silicon Valley start-ups and concentrate on finding ways to return capital to their own backers. American VC groups have deployed just half of a record $435bn they raised from investors during the pandemic-era boom between 2020 and 2022. FT

A more detailed look at global markets courtesy of Newsquawk

APAC stocks traded mixed as weakness in China offset the momentum from Wall St’s record highs. ASX 200 finished positive albeit with upside capped after disappointing retail sales data and as financials lagged. Nikkei 225 was initially lifted after a surprise decline in Japan’s unemployment but gradually pared most of its gains. Hang Seng and Shanghai Comp were pressured as the focus turned to earnings releases with underperformance in Hong Kong amid losses in property and tech, while the Hong Kong government also began the process of passing new national security laws.

Top Asian News

Hong Kong government started the process to pass new national security laws this year with consultations on Article 23 to last until February 28th and some chapters of the new law will include actions that would endanger national security. Furthermore, one chapter is related to treason and actions with seditious intentions and another chapter relates to state secrets and espionage behaviour, while the law will also relate to using computers or electronic systems to conduct actions to endanger national security, according to Reuters.
Two US lawmakers asked the Biden administration to impose export restrictions on four Chinese companies involved in the planned Ford (F) Michigan battery plant, according to a letter seen by Reuters.
RBNZ Chief Economist Conway said recent economic data suggests that monetary policy is working with the economy slowing and inflation easing, but they still have a way to go to get inflation back to the target midpoint of 2%.

European bourses, Stoxx600 (+0.3%), are on a modestly firmer footing, albeit contained within recent ranges as markets await impetus from this week’s key events. European sectors hold a positive tilt; Media takes the spotlight, largely helped by gains in WPP (+4.2%) after its trading update whilst Food Beverage & Tobacco is hampered by losses in Diageo (-3.6%), post-earnings. US equity futures trade incrementally in the red and within a tight range which resides towards the prior day’s peak; focus for today will be on US JOLTs and key earnings from Microsoft, Alphabet, Starbucks & AMD. Click here and here for the sessions European pre-market equity newsflow, including earnings from BBVA, Diageo, Hapag Lloyd & more.

Top European News

Ifo says the German economy is expected to contract by 0.2% in Q1.
UK Kantar supermarket data: Grocery price inflation fell slightly to 6.8% in January, down from 6.9% in December 2023.
Government advisers says German debt brake is “too rigid” and “restrict the fiscal space for future oriented expenditure”, according to the FT.
Northern Ireland DUP leader Donaldson said the party executive endorsed proposals from negotiations with the UK government and the package of measures provides a basis to return to a devolved government, while the measures including new legislation will be published by the UK government in due course. Donaldson said he believes the package safeguards Northern Ireland’s place in the UK and it will remove checks for goods moving with the UK and remaining in Northern Ireland, according to Reuters.

Once again, DXY continues to pivot around the 103.50 mark with the index awaiting fresh catalysts. Yesterday’s best of 103.82 was the highest since Dec 13th (FOMC day).
EUR is supported by hotter Spanish GDP and CPI metrics as attention then turned to the EZ-wide data which showed that the EZ just about avoided a recession; EUR/USD is contained within yesterday’s 1.0796-1.0851 range.
Cable has slipped back from the 1.27 handle with UK-specific drivers light ahead of BoE on Thursday; currently trades in a 1.2672-1.2721 range with yesterday’s low at 1.2662.
AUD the weaker of the Antipodes post-soft Retail Sales data overnight. AUD/USD remains in close proximity to 0.66 level whilst NZD/USD remains supported above the 0.61 mark.
PBoC set USD/CNY mid-point at 7.1055 vs exp. 7.1763 (prev. 7.1097).
SNB’s Chair Jordan said his expectation is inflation will again rise a little but noted the situation regarding inflation has improved and looks relatively good. Jordan also said that inflation should be below 2% in 2024 and that it probably accelerated in January.

Fixed Income

USTs are firmer after Monday’s Treasury Financing Estimates implied a lower net issuance amount than forecast for Wednesday’s Quarterly Refunding; the accompanying yield is yet to approach 4.0% to the downside.
Bunds initial bullish bias from Treasury estimates faded quickly as supply-side pressure emerged via Greece (10yr) and German (30yr) syndications. Further pressure occurred on the firmer Spanish GDP & HICP figures and upward revision to Germany’s Q3 figure; currently holds just below the 135.00 mark.
Gilt price action is in-fitting with EGBs directionally but remain in the green alongside USTs and were unreactive to their own data points via the BoE.
UK sells GBP 900mln 0.125% 2051 I/L: b/c 3.10x (prev. 3.18x), real yield 1.333% (prev. 1.314%)
Italy sells EUR 7bln vs exp. EUR 5.5-7bln 4.10% 2029, 4.35% 2033, 3.35% 2035 BTP & sells EUR 2bln vs exp. EUR 1.5-2bln 2031 CCTeu.
New German 30yr EUR-denominated benchmark guided +5.5bps, set to price today, via IFR
Germany sees over EUR 51bln of demand for syndicated 30-year bond sale, via Reuters citing lead managers

Commodities

Crude benchmarks are modestly firmer given the Aramco update, but overall remain towards the low-end of Monday’s parameters as newsflow has been somewhat light; Brent futures holds just below the USD 82/bbl mark.
Spot gold is a touch firmer, holding above the technical levels eclipsed on Monday but yet to advance towards a test of USD 2050/oz, current peak of USD 2040/oz.
Base metals are mixed in-fitting with the risk tone seen in APAC trade overnight; LME copper was unreactive to EZ and regional data.
Brazilian miner Vale reported Q4 iron ore production of 89.4mln tons (prev. 80.85mln tons Y/Y) and nickel production of 44.9k tons (prev. 47.4k tons Y/Y).
Saudi Aramco received a directive to maintain maximum sustainable capacity at 12mln BPD and not to continue increasing it to 13mln BPD, according to Reuters.

Geopolitics: Middle-East

US President Biden asked advisers for options to respond that would deter any further attacks against US forces, while the Pentagon’s response options include striking Iranian personnel in Iraq and Syria or Iranian naval assets in Gulf waters. Furthermore, a response is likely to come in waves against a range of targets and will likely be initiated in a couple of days after President Biden gives the green light, according to sources cited by Politico.
US Secretary of State Blinken said response against Iran could be multi-levered, come in stages and be sustained over time, while he added that work on Gaza hostage talks has been important and hopeful with the proposal on the table is strong and compelling.
Hamas Chief says has received the Paris ceasefire proposal and will study it

Geopolitics: Other

North Korea fired cruise missiles towards the sea off its west coast, according to South Korea’s military.
Chinese Vice Foreign Minister Sun met with Ukraine’s Ambassador to China and said that China and Ukraine should promote stability and long-term development of bilateral ties, while they exchanged views on issues of common concern including the Ukraine crisis, according to Reuters.
Russian Former President Medvedev says Russia plans to deploy new weapons on Kuril Islands, via Tass

US Event Calendar

09:00: Nov. S&P CS Composite-20 YoY, est. 5.80%, prior 4.87%
- Nov. S&P/CS 20 City MoM SA, est. 0.50%, prior 0.64%
09:00: Nov. FHFA House Price Index MoM, est. 0.3%, prior 0.3%
10:00: Jan. Conf. Board Consumer Confidenc, est. 114.5, prior 110.7
- Conf. Board Present Situation, prior 148.5
- Conf. Board Expectations, prior 85.6
10:00: Dec. JOLTs Job Openings, est. 8.75m, prior 8.79m
10:30: Jan. Dallas Fed Services Activity, prior -8.7

DB’s Jim Reid concludes the overnight wrap

Yesterday we released our latest chartbook, which is called “When central banks cuts rates… what happens next?” It looks at what happens to markets as central banks cut, how inaccurate markets are around turning points in the rate cycle, and some other historical trends. So with markets pricing rate cuts this year across lots of central banks, it’s a topical pack for the coming months. See the full chartbook here.

In addition, today I’m hosting Adrian Cox in a webinar on the outlook for AI in 2024. It’s at 2pm London time and you can register here. This could be timely ahead of a 48-hour period from tonight where 2 4% of the S&P 500 report across only five companies worth $10.5tn with Microsoft and Alphabet today and Apple, Amazon and Meta on Thursday. So in a week with the FOMC tomorrow and payrolls on Friday these earnings could have more of an influence on where the S&P 500 and global sentiment actually finishes on Friday.

One other topic bubbling under surface at the moment is the tension in the Red Sea. Adrian Cox has brought together experts from across DB Research to publish a “Red Sea red alert 101”. This is the latest in our series of guides for generalists and reviews how the Red Sea crisis came about, why the conflict in Gaza is spilling into the wider region, and what it means for global oil supplies and trade. It builds on his report from last year on the Five weak links in the globalised economy. You can read the Red Sea 101 here.

In terms of markets, we were in a holding pattern ahead of the big events to come this week until an adrenaline shot came through in the last hour of US trading last night as the US Treasury announced lower-than-expected borrowing estimates for Q1 and Q2 2024. 1 0yr Treasuries saw their strongest day of the year so far (-6.3bps) and are another -2.3bps lower overnight at 4.05%. Meanwhile, the S&P 500 posted another solid gain (+0.76%) and another all-time high. Earlier in the day, there was a significant sovereign bond rally in Europe as investors priced in a growing likelihood the ECB would be cutting rates shortly.

Starting with the borrowing announcement, the US Treasury lowered its quarterly borrowing estimate for Jan-Mar from $816bn to $760bn, a larger decline than expected by the market and our US rates strategists. It also announced a modest $202bn borrowing estimate for the Apr-Jun period. These estimates suggest an improvement in the Treasury’s expectation of the budget deficit path. The market will next be watching the details of the Treasury’s coupon auction sizes in tomorrow’s refunding statement. Recall that the last quarterly refunding announcement on 1 November marked the start of the dramatic bond rally into year-end.

This news really helped markets into the close with the S&P 500 gaining nearly half a percent in the final hour of trading, with a +0.76% rise on the day leaving the index above 4900 for the first time. Small caps outperformed with the Russell 2000 up +1.67% on the day (gaining nearly one percent after the Treasury’s announcement). Other major indices also posted solid gains, including the Dow Jones (+0.59%) and the NASDAQ (+1.12%). The Magnificent 7 (+1.59%) also outperformed, led by a +4.19% gain for Tesla. Equities had been more subdued during the European session, though the STOXX 600 (+0.21%) did post a 4th consecutive gain for the first time since November, which took the index up to a 2-year high.

Over in the bond market, US Treasuries had already seen a moderate rally prior to the 3pm EST announcement, and yields then fell by c. 3bps in its immediate aftermath. They did reverse a portion of this decline late on, but the 10-year yield still closed -6.3bps lower at 4.075%. The rally was more modest at the front end, with the 2yr yield down -3.0bps.

Over in Europe, rates also rallied, aided by comments from several ECB officials, who collectively pointed in a dovish direction. For instance, as we reported yesterday, France’s Villeroy said over the weekend that “everything will be open at our next meetings”, and yesterday morning saw ECB Vice President Luis de Guindos point out that the good news on inflation “will end up being reflected in the monetary policy”. Later on, Portugal’s Centeno then said in an interview that “We don’t need to wait for May wage data to get an idea about the inflation trajectory”.

These overpowered Knot’s more hawkish comments over the weekend and comments by Slovakia’s Kazimir who saw a June cut as more likely than April. Investors dialled up the likelihood of rate cuts from the ECB, with a move now fully priced in by April again. Moreover, investors have even been open to the idea of a cut as soon as the next meeting in March, with the probability up from 18% at the close on Friday to 28% yesterday, so that will heighten the attention on this week’s flash CPI release for January. These growing expectations of a rate cut meant sovereign bonds rallied across the continent, with yields on 10yr bunds (-6.4bps), OATs (-6.9bps) and BTPs (-9.0bps) all seeing noticeable declines.

In oil markets, after reaching their highest level in nearly three months on Friday, Brent traded above $84.50 early on Monday (up +1.5% at the peak) amid increased concerns over Middle East tensions. But this supply risk sentiment eased during the day, also helped by an industry report suggesting that OPEC+ supply cuts this month might have been smaller than scheduled. Brent closed -1.38% lower on the day at $82.40/bbl, while WTI was -1.58% to $76.78/bbl. Both are back up around half a percent this morning.

Asian equity markets are mixed this morning with Chinese stocks resuming losses as Evergrande’s liquidation order has kept a lid on risk appetite. As I check my screens, the Hang Seng (-1.95%) is leading losses across the region with the CSI (-0.79%) and the Shanghai Composite (-0.62%) also falling while the Nikkei (+0.30%) and the KOSPI (+0.15%) are marching to a different beat. US equity futures are broadly flat.

Early morning data showed that Japan ’s labour market showed further signs of tightness as the jobless rate unexpectedly dropped to 2.4% in December from 2.5%. Also, the job availability ratio edged down 0.01 from November to 1.27 in December (v/s 1.28 expected). Meanwhile, Australian retail sales contracted -2.7% m/m in December (v/s -1.7% expected) as against a downwardly revised increase of +1.6% last month.

Elsewhere, China’s benchmark 10yr yield dropped to 2.47%, its lowest in over two decades on rising expectations of additional monetary easing.

There was very little DM data to speak of yesterday, although we did get the Dallas Fed’s manufacturing outlook survey for January. That fell to an 8-month low of -27.4 (vs. -11.0 expected), whilst the employment component fell to -9.7, which is the lowest reading since May 2020 at the height of the pandemic. The market has seemingly grown immune to these very bad manufacturing surveys that have punctuated through over the last year or so, so this was largely ignored.

To the day ahead now, and US data releases include the Conference Board’s consumer confidence reading for January and the JOLTS job openings for December. Meanwhile in Europe, there’s the Q4 GDP data from the Euro Area, along with UK mortgage approvals for December. From central banks, we’ll hear from the ECB’s Vujcic, Lane, Vasle and Nagel. Lastly, today’s earnings releases include Microsoft, Alphabet, Pfizer, UPS, Starbucks and General Motors.

2 B) NOW NEWSQUAWK (EUROPE/REPORT)

European bourses firmer & Bunds lower post-EZ data; US JOLTs & Earnings from GOOG & MSFT due – Newsquawk US Market Open

TUESDAY, JAN 30, 2024 – 06:03 AM

European equities are generally firmer, whilst US equity futures meander around the unchanged mark ahead of key earnings
Dollar is around flat whilst the Pound lags with specifics light
Bonds are firmer, though Bunds have been edging lower following hawkish EZ data
Crude benchmarks are marginally firmer alongside Gold, awaiting geopolitical updates
Looking ahead, US JOLTs, Consumer Confidence, Japanese Retail Sales, BoJ SOO, Comments from ECB’s Nagel, Earnings from Pfizer, Marathon Petroleum, Microsoft, Alphabet, Starbucks & AMD.

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EUROPEAN TRADE

EQUITIES

European bourses, Stoxx600 (+0.3%), are on a modestly firmer footing, albeit contained within recent ranges as markets await impetus from this week’s key events.
European sectors hold a positive tilt; Media takes the spotlight, largely helped by gains in WPP (+4.2%) after its trading update whilst Food Beverage & Tobacco is hampered by losses in Diageo (-3.6%), post-earnings.
US equity futures trade incrementally in the red and within a tight range which resides towards the prior day’s peak; focus for today will be on US JOLTs and key earnings from Microsoft, Alphabet, Starbucks & AMD.
Click here and here for the sessions European pre-market equity newsflow, including earnings from BBVA, Diageo, Hapag Lloyd & more.
Click here for more details.

FX

Once again, DXY continues to pivot around the 103.50 mark with the index awaiting fresh catalysts. Yesterday’s best of 103.82 was the highest since Dec 13th (FOMC day).
EUR is supported by hotter Spanish GDP and CPI metrics as attention then turned to the EZ-wide data which showed that the EZ just about avoided a recession; EUR/USD is contained within yesterday’s 1.0796-1.0851 range.
Cable has slipped back from the 1.27 handle with UK-specific drivers light ahead of BoE on Thursday; currently trades in a 1.2672-1.2721 range with yesterday’s low at 1.2662.
AUD the weaker of the Antipodes post-soft Retail Sales data overnight. AUD/USD remains in close proximity to 0.66 level whilst NZD/USD remains supported above the 0.61 mark.
PBoC set USD/CNY mid-point at 7.1055 vs exp. 7.1763 (prev. 7.1097).
SNB’s Chair Jordan said his expectation is inflation will again rise a little but noted the situation regarding inflation has improved and looks relatively good. Jordan also said that inflation should be below 2% in 2024 and that it probably accelerated in January.
Click here for more details.
Click here for the Option Expires for the NY Cut.

FIXED INCOME

USTs are firmer after Monday’s Treasury Financing Estimates implied a lower net issuance amount than forecast for Wednesday’s Quarterly Refunding; the accompanying yield is yet to approach 4.0% to the downside.
Bunds initial bullish bias from Treasury estimates faded quickly as supply-side pressure emerged via Greece (10yr) and German (30yr) syndications. Further pressure occurred on the firmer Spanish GDP & HICP figures and upward revision to Germany’s Q3 figure; currently holds just below the 135.00 mark.
Gilt price action is in-fitting with EGBs directionally but remain in the green alongside USTs and were unreactive to their own data points via the BoE.
UK sells GBP 900mln 0.125% 2051 I/L: b/c 3.10x (prev. 3.18x), real yield 1.333% (prev. 1.314%)
Italy sells EUR 7bln vs exp. EUR 5.5-7bln 4.10% 2029, 4.35% 2033, 3.35% 2035 BTP & sells EUR 2bln vs exp. EUR 1.5-2bln 2031 CCTeu.
New German 30yr EUR-denominated benchmark guided +5.5bps, set to price today, via IFR
Germany sees over EUR 51bln of demand for syndicated 30-year bond sale, via Reuters citing lead managers
Click here for more details.

COMMODITIES

Crude benchmarks are modestly firmer given the Aramco update, but overall remain towards the low-end of Monday’s parameters as newsflow has been somewhat light; Brent futures holds just below the USD 82/bbl mark.
Spot gold is a touch firmer, holding above the technical levels eclipsed on Monday but yet to advance towards a test of USD 2050/oz, current peak of USD 2040/oz.
Base metals are mixed in-fitting with the risk tone seen in APAC trade overnight; LME copper was unreactive to EZ and regional data.
Brazilian miner Vale reported Q4 iron ore production of 89.4mln tons (prev. 80.85mln tons Y/Y) and nickel production of 44.9k tons (prev. 47.4k tons Y/Y).
Saudi Aramco received a directive to maintain maximum sustainable capacity at 12mln BPD and not to continue increasing it to 13mln BPD, according to Reuters.
Click here for more details.

NOTABLE EUROPEAN HEADLINES

Ifo says the German economy is expected to contract by 0.2% in Q1.
UK Kantar supermarket data: Grocery price inflation fell slightly to 6.8% in January, down from 6.9% in December 2023.
Government advisers says German debt brake is “too rigid” and “restrict the fiscal space for future oriented expenditure”, according to the FT.
Northern Ireland DUP leader Donaldson said the party executive endorsed proposals from negotiations with the UK government and the package of measures provides a basis to return to a devolved government, while the measures including new legislation will be published by the UK government in due course. Donaldson said he believes the package safeguards Northern Ireland’s place in the UK and it will remove checks for goods moving with the UK and remaining in Northern Ireland, according to Reuters.

DATA RECAP

Spanish CPI YY Flash NSA (Jan) 3.4% (Prev. 3.10%); Core 3.6% (prev. 3.8%); CPI MM Flash NSA (Jan) 0.1% (Prev. 0.00%)
Spanish HICP Flash MM (Jan) -0.2% vs. Exp. -0.40% (Prev. 0.00%); HICP Flash YY (Jan) 3.5% vs. Exp. 3.1% (Prev. 3.3%)
Spanish Estimated GDP YY (Q4) 2.0% vs. Exp. 1.50% (Prev. 1.80%, Rev. 1.0%); QQ 0.6% vs Exp. 0.2% (Prev. 0.3%, Rev. 0.4%); QQ (Q4) 0.6% vs. Exp. 0.2% (Prev. 0.3%, Rev. 0.4%)
German GDP Flash YY SA (Q4) -0.2% vs Exp. -0.2% (prev. -0.4%); YY NSA(Q4) -0.4% vs. Exp. -0.4% (Prev. -0.8%); Flash QQ SA (Q4) -0.3% vs. Exp. -0.3% (Prev. -0.1%, Rev. 0.0%)
Italian GDP Prelim QQ (Q4) 0.2% (Prev. 0.1%); YY (Q4) 0.5% vs. Exp. 0.3% (Prev. 0.1%)
French GDP Preliminary QQ (Q4) 0.0% vs Exp. 0.0% (Prev. -0.1%)
EU GDP Flash Prelim QQ (Q4) 0.0% vs. Exp. -0.1% (Prev. -0.1%); Prelim YY (Q4) 0.1% vs. Exp. 0.0% (Prev. 0.0%)
EU Cons Infl Expec (Jan) 11.9 (Prev. 10.5); EU Selling Price Expec (Jan) 4.6 (Prev. 3.2); EU Business Climate (Jan) -0.4 vs. Exp. -0.27 (Prev. -0.45, Rev. -0.50)
EU Economic Sentiment (Jan) 96.2 vs. Exp. 96.2 (Prev. 96.4); Industrial Sentiment (Jan) -9.4 vs. Exp. -9.0 (Prev. -9.2); Services Sentiment (Jan) 8.8 vs. Exp. 8.0 (Prev. 8.4); Consumer Confid. Final (Jan) -16.1 vs. Exp. -16.1(Prev. -16.1)
UK Mortgage Approvals (Dec) 50.459k vs. Exp. 52.5k (Prev. 50.067k, Rev. 49.313k); Mortgage Lending (Dec) -0.83B GB vs. Exp. 0.25B GB (Prev. -0.039B GB, Rev. 0.006B GB); BOE Consumer Credit (Dec) 1.197B GB vs. Exp. 1.35B GB (Prev. 2.005B GB, Rev. 2.058B GB)
UK BRC Retail Shop Price Index YY (Jan) 2.9% (Prev. 4.3%)
Swiss KOF Indicator (Jan) 101.5 vs. Exp. 98.2 (Prev. 97.8, Rev. 98.0)
Swiss Trade (Dec) 1248.0M CH (Prev. 3707.0M CH, Rev. 3833M CH); Watch Exports +5.5% Y/Y (prev. +3.1%)
Swedish Overall Sentiment (Jan) 90.5 (Prev. 84.3); Manufacturing Confidence (Jan) 99.3 (Prev. 95.1); Consumer Confidence SA (Jan) 82.3 (Prev. 74.5); Total Industry Sentiment (Jan) 91.7 (Prev. 86.6)

NOTABLE US HEADLINES

US Treasury expects to borrow USD 760bln in net marketable debt for the January-March period which is down USD 55bln from the October 2023 estimate and it expects to borrow USD 202bln in the April-June period, assuming an end-June cash balance of USD 750bln. Furthermore, in the October-December 2023 period it borrowed USD 776bln and ended the quarter with a cash balance of USD 769bln.
Bipartisan US Congress negotiators have agreed on funding allocations for all 12 government spending bills, according to Republican lawmakers cited by Reuters.

EARNINGS

BBVA (BBVA SM) – Q4 (EUR): Net 2.06bln (exp. 1.95bln), NII 5.25bln (exp. 5.89bln). FY Net 8.02bln (exp. 7.90bln). Co. announces execution of a EUR 781mln share buyback. (Newswires)
Hapag Lloyd (HLAG GY) – FY23 (EUR): EBITDA 4.5bln (exp. 4.47bln, prev. 19.4bln Y/Y), Revenue 17.9bln (exp. 17.7bln, prev. 34.5bln Y/Y), EBIT 2.7bln (exp. 2.53bln). Says the Red Sea conflict negatively impacted transport volumes at the end of 2023 as the rerouting of ships around Cape of Good Hope extended voyage times. Average FY freight rates USD 1500 (prev. 2863 Y/Y, -43% Y/Y), Transport Volume 11.9mln (prev. 11.8mln Y/Y). (Newswires)
Super Micro Computer Inc (SMCI) – Q2 2024 (USD): Adj. EPS 5.59 (exp. 4.93), Net Sales 3.66bln (exp. 3.42bln), Gross margin 15.5% (exp. 16.5%). Raises FY24 revenue outlook to 14.3-14.7bln (prev. 10-11bln). Q3 adj. EPS view 5.20-6.01 (exp. 4.65). Q3 net sales view 3.7-4.1bln (exp. 3.07bln). Shares +10.2% pre-market

GEOPOLITICS

MIDDLE EAST

US President Biden asked advisers for options to respond that would deter any further attacks against US forces, while the Pentagon’s response options include striking Iranian personnel in Iraq and Syria or Iranian naval assets in Gulf waters. Furthermore, a response is likely to come in waves against a range of targets and will likely be initiated in a couple of days after President Biden gives the green light, according to sources cited by Politico.
US Secretary of State Blinken said response against Iran could be multi-levered, come in stages and be sustained over time, while he added that work on Gaza hostage talks has been important and hopeful with the proposal on the table is strong and compelling.
Hamas Chief says has received the Paris ceasefire proposal and will study it

OTHER

North Korea fired cruise missiles towards the sea off its west coast, according to South Korea’s military.
Chinese Vice Foreign Minister Sun met with Ukraine’s Ambassador to China and said that China and Ukraine should promote stability and long-term development of bilateral ties, while they exchanged views on issues of common concern including the Ukraine crisis, according to Reuters.
Russian Former President Medvedev says Russia plans to deploy new weapons on Kuril Islands, via Tass

CRYPTO

Bitcoin (+0.6%) and Ethereum (+0.3%) continues to edge higher, with the former trending back towards USD 43.5k.

APAC TRADE

APAC stocks traded mixed as weakness in China offset the momentum from Wall St’s record highs.
ASX 200 finished positive albeit with upside capped after disappointing retail sales data and as financials lagged.
Nikkei 225 was initially lifted after a surprise decline in Japan’s unemployment but gradually pared most of its gains.
Hang Seng and Shanghai Comp were pressured as the focus turned to earnings releases with underperformance in Hong Kong amid losses in property and tech, while the Hong Kong government also began the process of passing new national security laws.

NOTABLE HEADLINES

Hong Kong government started the process to pass new national security laws this year with consultations on Article 23 to last until February 28th and some chapters of the new law will include actions that would endanger national security. Furthermore, one chapter is related to treason and actions with seditious intentions and another chapter relates to state secrets and espionage behaviour, while the law will also relate to using computers or electronic systems to conduct actions to endanger national security, according to Reuters.
Two US lawmakers asked the Biden administration to impose export restrictions on four Chinese companies involved in the planned Ford (F) Michigan battery plant, according to a letter seen by Reuters.
RBNZ Chief Economist Conway said recent economic data suggests that monetary policy is working with the economy slowing and inflation easing, but they still have a way to go to get inflation back to the target midpoint of 2%.

DATA RECAP

Japanese Unemployment Rate (Dec) 2.4% vs. Exp. 2.5% (Prev. 2.5%); Jobs/Applicants Ratio (Dec) 1.27 vs. Exp. 1.28 (Prev. 1.28)
Australian Retail Sales MM (Dec F) -2.7% vs. Exp. -1.0% (Prev. 2.0%, Rev. 1.6%)

2C ASIA AFFAIRS

TUESDAY MORNING/MONDAY NIGHT

2 d./NORTH KOREA/ SOUTH KOREA/

NORTH KOREA/SOUTH KOREA

END

2e) JAPAN

JAPAN

END

3 CHINA

CHINA

BUSINESS INSIDER

Evergrande, the massive Chinese real estate developer with $300 billion in debt, is ordered to liquidate by a Hong Kong court

Clare Jim and Xie Yu,

Reuters

Jan 28, 2024, 9:46 PM ESTShareSave

Aerial photo shows a residential area of Evergrande in Nanjing, East China's Jiangsu province, Aug 28, 2023. On August 28, 2023. — Aerial photo shows a residential area of Evergrande in Nanjing, East China’s Jiangsu province, Aug 28, 2023. On August 28, 2023.

A Hong Kong court on Monday ordered the liquidation of real-estate developer China Evergrande Group.
Evergrande is the world’s most indebted developer with more than $300 billion of total liabilities.
It defaulted on its debt in 2021, sending China’s struggling property sector into a tailspin.

A Hong Kong court on Monday ordered the liquidation of China Evergrande Group, a move likely to send ripples through China’s crumbling financial markets as policymakers scramble to contain the deepening crisis.

Evergrande, the world’s most indebted developer with more than $300 billion of total liabilities, sent a struggling property sector into a tailspin when it defaulted on its debt in 2021.

That deepened a debt crisis in the sector and sparked many other company defaults in a damaging economic blow that to this day remains a drag on growth.

A liquidation ruling of the developer which has $240 billion of assets will likely jolt already fragile Chinese capital and property markets.

Beijing is now grappling with an underperforming economy, its worst property market in nine years and a stock market wallowing near five-year lows, so any fresh hit to markets could further undermine policymakers’ efforts to rejuvenate growth.

The liquidation process could be complicated, with potential political considerations, given the many authorities involved.

But it is expected to have little impact on the company’s operations including home construction projects in the near term, as it could take months or years for the offshore liquidator appointed by the creditors to take control of subsidiaries across mainland China – a different jurisdiction from Hong Kong.

Evergrande had been working on a $23 billion debt revamp plan with the ad hoc bondholder group for almost two years. Its original plan was scuppered in late September when it said its billionaire founder Hui Ka Yan was under investigation for suspected crimes.

The liquidation petition was first filed in June 2022 by Top Shine, an investor in Evergrande unit Fangchebao which said the developer had failed to honour an agreement to repurchase shares it had bought in the subsidiary.

The proceedings had been adjourned multiple times and Hong Kong High Court Justice Linda Chan has said previously the December hearing would be the last before a decision was made whether to liquidate Evergrande in the absence of a “concrete” restructuring plan.

Before Monday, at least three Chinese developers have been ordered by a Hong Kong court to liquidate since the current debt crisis unfolded in mid-2021.Read the original article on Reuters. Copyright 2024. Follow Reuters on Twitter.

END

4.EUROPEAN AFFAIRS//UK /SCANDINAVIAN AFFAIRS

Special thanks to Robert H for sending this to us;

https://www.naturalnews.com/2024-01-26-47000-uk-businesses-facing-collapse-economy-crumbling.html

Insolvency experts warn: More than 47,000 U.K. businesses on “brink of collapse” as global economy crumbles

The number of businesses in the United Kingdom facing “critical” financial distress in the final three months of 2023 skyrocketed by 25 percent, according to a new report. And 47,000 of them are now on the brink of going under entirely as conditions worsen.

Despite continued government claims that economic conditions are just dandy, the U.K.’s business sector is quietly crumbling with increasing speed as insolvency specialists Begbies Traynor warn of a major economic crisis in their latest “Red Flag” report.

Thirty percent of all businesses in the U.K. currently facing financial distress are in the construction and property sectors, the report explains, pointing to another real estate crisis in the making.

The aforementioned 25 percent quarterly rate of increase in the number of companies facing critical financial distress in the U.K. included:

a 32.6 percent increase in the construction industry

a 41.3 percent increase in the health and education industries

a 25 percent increase in real estate and property services

a 24 percent increase in support services

(Related: The American economy is running on fumes as the consumer debt binge reaches an ominous and historic fever pitch.)

82% of U.K. economy recorded double-digit percentage growth in financial distress

Eighteen of the 22 economic sectors covered in the report recorded double-digit percentage growth in terms of the number of firms that reached critical financial status in the final three months of 2023. This amounts to 82 percent of the U.K. economy that saw an exceptionally speedy decline in Q4 of last year.

According to Julie Palmer, a partner at Begbies Traynor, tough macroeconomic conditions created a “perfect storm” for U.K. businesses, Traynor borrowing that “perfect storm” trope from none other than Donald Trump, who warned several years back about a coming “perfect storm.”

“After a difficult year for British businesses that was characterized by high interest rates, rampant inflation, weak consumer confidence and rising and unpredictable input costs, we are now seeing this perfect storm impact every corner of the economy,” Palmer said.

Much like what the private Federal Reserve is trying to do here in the United States to tame inflation, the Bank of England, another private central bank across the pond, raised interest rates from 0.1 percent at the end of 2021 to 5.25 percent today. This move stopped many struggling firms from accessing the cheap debt needed to remain financially “strong.”

“Hundreds of thousands of businesses in the U.K., who loaded up on affordable debt during those halcyon days, are now coming to terms with the added burden this will have on their finances,” Palmer added. “Sadly, for tens of thousands of British businesses who should be looking ahead with some degree of optimism, the new year will bring a fight for survival.”

Compared to the third quarter of 2023, Q4 of last year saw a 12.9 percent increase in the number of U.K. businesses feeling “significant” financial stress, bringing the overall total of seriously struggling businesses to 539,000.

The vast majority of firms in this condition are based in London and the southeast portion of Great Britain. The fewest struggling firms are in the northeast and in Northern Ireland.

“Last year, the number of firms going bust had already reached the highest level since the great financial crisis [of 2008],” said Susannah Streeter, the head of money and markets at Hargreaves Lansdown. “A big chunk of those firms sending up alarm signals are expected to collapse over the next year, adding to expectations that a recession in the U.K. is imminent.”

Governments everywhere are fudging the numbers and data to make their economies seem stronger and more resilient than they actually are. Find out more about the deception at Collapse.news.

Sources for this article include:

TheGuardian.com

NaturalNews.com

end

END

5 RUSSIA//UKRAINE AND MIDDLE EASTERN AFFAIRS

ISRAEL/HAMAS/GAZA

I would be very surprised if Hamas took this deal: they lose their shield.

(Jerusalem Post)

Hamas ‘studying’ Gaza hostage deal, Haniyeh says after reports of rejection

In Washington US Secretary of State Antony Blinken said that the proposal handed to Qatar, “was a strong one and a compelling one that offers some hope.”

By TOVAH LAZAROFF

A Hamas terrorist stands in front of a picture of the group's top leader Ismail Haniyeh during his visit at Ain el Hilweh Palestinian refugee camp in Sidon, Lebanon September 6, 2020 (photo credit: REUTERS/AZIZ TAHER) — A Hamas terrorist stands in front of a picture of the group’s top leader Ismail Haniyeh during his visit at Ain el Hilweh Palestinian refugee camp in Sidon, Lebanon September 6, 2020(photo credit: REUTERS/AZIZ TAHER)

Hamas leader Ismail Haniyeh said on Tuesday that the group had received a ceasefire proposal put forward after talks in Paris and would study it, adding he would visit Cairo for discussions on the plan.

Haniyeh said the group’s priority was to end Israel’s military offensive and a full pullout of Israeli forces from Gaza. On Monday night, Hamas rejected the hostage deal drafted in Paris because it did not include a permanent ceasefire.

Hamas and the Popular Front for the Liberation of Palestine (PFLP) reiterated that Israel must halt its Gaza offensive and withdraw from the Strip before any prisoner exchange takes place, Hamas said in a statement on Monday.

In Washington, US Secretary of State Antony Blinken said that the proposal handed to Qatar, “was a strong one and a compelling one that offers some hope that we can get back to this process, but Hamas will have to make its own decisions.”

Blinken spoke amid optimism on the part of the US and Qatar, which along with Egypt is mediating a deal, that a framework had been found for an agreement.

A hostage deal has been a top US priority from day 1, Blinken stated.Hostages who were abducted by Hamas terrorists as part of a hostages-prisoners swap deal between Hamas and Israel, November 30, 2023 (credit: Hamas Military Wing/Handout via REUTERS)

Qatari Prime Minister Mohammed Al-Thani indicated that a hostage deal would be phased with women and children first, as he described the framework agreement that emerged from the Paris talks.

The initial plan for hostage release deal

“The framework that was agreed yesterday with all the parties was a framework based on what has been proposed by the Israelis and what has been a counter-proposal by Hamas,” Thani said during a public interview at an event hosted by think-tank The Atlantic Council.

“We tried to blend things,” he said, adding that this new proposal would now be relayed to Hamas.

Thani arrived from Paris, where he participated in closed-door talks on a deal with CIA Chief William Burns, Mossad Chief David Barnea, Shin Bet Chief Ronen Bar, hostage negotiator Maj.-Gen. (res.) Nitzan Alon, the head of the Egyptian Intelligence Services Abbas Kamel.

Thani said that Hamas rescinded its demand for a permanent ceasefire ahead of any negotiations, but “we moved from that place” to one that could lead to a ceasefire, “which we are all hoping for.”

NBC News Chief Washington Correspondent Andrea Mitchell, who conducted the interview together with David Ignatius of The Washington Post, asked Thani about the details of the deal.

Mitchell explained she understood that there would be “a phased pause in the fighting women and children first, and to continue this in phases as you proceed, with aid going in as well.”

Thani responded, “You are well informed.”

He described how one of the stumbling blocks to the deal had been a Hamas demand for a permanent ceasefire before holding talks, noting that this has now been rescinded.

“There was a clear demand of the permanent ceasefire ahead of the negations,” Thani said, explaining that Qatar had moved Hamas “from that place”, to one “that can lead to a ceasefire in the future. This is what we are all aiming for,” he stated.

The goal of the talks is to free the hostages and to stop the Israeli bombing in Gaza, Thani added.

Advancement in the talks comes as the US is weighing retaliatory military action for an attack that killed three troops in Jordan. Thani said he hoped this would not undercut progress toward a new Israel-Hamas hostage release deal.

“I hope that nothing would undermine the efforts that we are doing or jeopardize the process,” Thani said.

US National Security Council spokesperson John Kirby told MSNBC News that a framework exists for a deal to release the hostages, but he cautioned that nothing had been finalized.

“A lot of promise here, but again, I want to be very clear, there is still diplomacy ahead of us, a lot of discussions to occur before we can get there,” Kirby said.

He clarified, however, that “we don’t have a deal on the table and imminently ready to be announced.”

The US does “think that there is a framework here for another hostage deal that could make a difference in terms of getting more hostages out, getting more aid in, and getting the violence to calm down and that would reduce civilian casualties,” Kirby stated.

He later told reporters that the push was for “a humanitarian pause of sufficient duration that will allow a large number of hostages to be released.” During that period, more humanitarian assistance and go in and casualties will be reduced, Kirby said.

The broad framework under discussion has focused on an exchange of captives for the release of Palestinian security prisoners or terrorists, as well as a pause in the war.

It is presumed that the deal to free the 136 captives would be done in stages, as occurred with the November deal, during which 105 captives were freed during a week-long lull in fighting.

Hamas seized some 253 captives on October 7. KAN News reported that the latest bid to free the hostages included three phases, with the first one focusing on 40 captives including women, children, the elderly, and those who are sick.

The second phase would include male adults who are not soldiers, and the third phase would be for the soldiers, including the female ones.

Part of the deal would include the release of thousands of Palestinian security prisoners, including those convicted of terror offenses, but this latter group is only likely to be part of the agreement at the end.

Hamas said on Monday that releasing hostages it is holding would require a guaranteed end to the war and a full IDF withdrawal.

“The success of the Paris meeting is dependent on the Occupation (Israel) agreeing to end the comprehensive aggression on Gaza Strip,” senior Hamas official Sami Abu Zuhri told Reuters.

Hamas previously said a full release would require that Israel free all of the thousands of Palestinians held on security grounds in its prisons.

A Palestinian official, close to mediation talks, who requested anonymity, said that for Hamas to sign a follow-up deal to the November truce in which it released dozens of hostages, it wants Israel to agree to end the offensive and withdraw from Gaza – through implementation would not necessarily be immediate.

The agreement would have to be endorsed by Qatar, Egypt, and the US, the official said.

Israel has insisted it has no plan to end the war until Hamas is defeated or to relinquish security control of Gaza. One compromise position, however, could be that it would temporarily withdraw from selected target areas.

In an interview with Douglas Murray on Talk TV, Prime Minister Benjamin Netanyahu continued to stress that Qatar could do more to secure a deal, particularly given that top Hamas leadership lived in its country.

“We should demand from Qatar to use their leverage to achieve the release of the remainder of our hostages” as well as to provide proof that hostages have received medications as part of an existing deal with Hamas.

Qatar “has considerable influence [on Hamas] and I expect them to use it,” he stated.

Thani pushed back at Netanyahu’s assertions that the military campaign was an important pressure lever to free the hostages. He said it was “not getting any results to get the hostages back” and that diplomacy was the best route to secure their return.

He also denied claims that Qatar had any special leverage over Hamas, explaining that to the extent it gave them influence, then his country was using that to negotiate a deal.

Qatar’s role is as a mediator that offers solutions, “We do not see that Qatar is a superpower that can impose something on this party.”

Go to the full article >>

END

ISRAEL GAZA/

If Israel is to continue the war, they need the Philadelphi corridor

(Jerusalem Post)

Why pro-Iran media is worried about Israel and Gaza’s Philadelphi Corridor – analysis

Currently, Hamas controls the area along the Egyptian border, and this remains one of the last Hamas strongholds in Gaza.

By SETH J. FRANTZMAN

Trucks carrying aid arrive, amid the ongoing conflict between Israel and Hamas, in Rafah, January 17, 2024 (photo credit: REUTERS/MOHAMMED SALEM) — Trucks carrying aid arrive, amid the ongoing conflict between Israel and Hamas, in Rafah, January 17, 2024(photo credit: REUTERS/MOHAMMED SALEM)

Two articles at the pro-Iranian al-Mayadeen media point to growing concern among Iran and its proxies about potential Israeli operations in the area of Rafah and the Egyptian border. The area in southern Gaza along the Egyptian border is often called the Philadelphi corridor.

The corridor, 14km in length, has been in the spotlight recently because of reports that Israel could operate there after operations in Khan Younis against Hamas. Currently, Hamas controls the area along the Egyptian border, and this remains one of the last Hamas strongholds in Gaza.

The first article at the pro-Iranian al-Mayadeen was on January 28 and detailed reports that “Egypt informed the Palestinian factions of its decision to prevent the occupation from invading the Rafah borders.” The second article on January 30 highlighted an Egyptian military parade and also warned about Israel and the Philadelphi route. “Israeli officials and the occupation media made many statements about the necessity of placing this axis under Israeli control. The campaign was prepared and directed, and it even reached the rabbis,” the report claimed.

What is important here is not so much what is in the report, but the increased focus by Al-Mayadeen on this issue. In general this media network publishes numerous articles every day heralding the “success” of groups such as Hezbollah and Hamas. Each comes with new claims of how Hamas “confronts the occupation” and how Hezbollah has targeted a site on the Israeli border.

Sometimes the articles are pure propaganda, and other times they reflect actual claims by the terrorist groups and provide insight into the strategy and tactics of Hezbollah and Hamas. For instance, when the articles highlight new Hezbollah weapons it is often important to pay attention because it illustrates how Hezbollah may be shifting resources and tactics.Palestinians at the site of a destroyed building from an Israeli air strike in Rafah, in the southern Gaza Strip, on January 14, 2024 (credit: ABED RAHIM KHATIB/FLASH90)

Therefore the focus on the Philadelphi corridor is a new theme by the media and it reflects a concern by Hamas, Hezbollah and perhaps by Iran itself. The recent article on January 30 accuses Israel’s Prime Minister of seeking to “Proceed with the plan to control the narrow border strip” due to “failure” in other parts of the Gaza.

This is the Hamas narrative which was revealed in a recent document found in Gaza, which was reported by Channel 12 on January 29. According to the document, Hamas is purposely trying to portray Israel as having “failed” in operations over several months in the rest of Gaza. The truth is that Israel has been successful and half of Hamas’ terrorists have been either eliminated or wounded.

What’s interesting here is that the pro-Iran media is now openly repeating the narrative that Hamas apparently recorded days or months ago in Gaza. The media has now focused on this narrative to “explain” the claims of Israeli focus on the Philadelphi route. The Al-Mayadeen report also focuses on discussions in Israeli media about this issue. “The city of Rafah must be seized,” the report says Maariv newspaper said. The article then goes on to discuss other theories about Israeli initiatives and mentions Somaliland and Ethiopia. It appears that the Iranian narrative is trying to use reports like this to inflame tensions with Egypt or create controversies.

Unclear what will come next, but Iran may try to inflame

The report concludes with discussions about how Hamas has welcomed Israel’s opposition to Israeli operations along the corridor and also quotes from an Egyptian researcher who asserted that any Israeli operation in Rafah would not go well. The last part of the Al-Mayadeen report says that Egypt has recently spotlighted a review of its 4th division in light of reports about tensions along the border. It wasn’t immediately clear what this was a reference to, as Egyptian media had not appeared to highlight this military unit in the last day.

However, the Egyptian Independent did have a report noting “The Chairman of the Defense and National Security Committee in the Egyptian House of Representatives, Ahmed al-Awady, affirmed Egypt’s support for any decisions and measures taken by President Abdel Fattah al-Sisi in defense of Palestine, and spoke of Egypt’s increasingly strained relations with Israel.”

The report noted “Egyptian-Israeli relations are going through their most difficult stage in their history, he warned, as a result of Israel’s brutal aggression in Gaza Strip.” It went on to say that “Awady slammed Israeli Prime Minister Benjamin Netanyahu‘s statements about Israel’s inability to end its war against Hamas until the closure of Philadelphi corridor along the border between Egypt and Gaza as provocative and obstructive to the efforts Egypt has made to save the lives of children, women and the injured in the Gaza Strip.”

It remains to be seen what will come next in terms of the Philadelphi issue. Pro-Iran media may continue to try to inflame this issue. However, Egyptian media and other media in the region may also shift focus to Rafah and the corridor.Go to the full article >>

END

ISRAEL GAZA/

IDF destroys launchers that fired rockets at Tel Aviv,

(zerohedge)

IDF destroys launchers that fired rockets at Tel Aviv, central Israel

The IDF troops operated in the central and northern parts of the strip as well as Khan Yunis.

By JERUSALEM POST STAFF

https://player.jpost.com/public/player.html?player=jpost&media=3660516&url=https://www.jpost.com/Rocket launchers sending a barrage into central Israel, then being destroyed by IDF fighters January 30, 2024. (IDF SPOKESPERSON’S UNIT

The IDF directed Air Force fighter jets in destroying rocket launchers that were used to fire a barrage into central Israel on Monday, as well as eliminating terrorist cells in various parts of the Gaza Strip, it announced on Tuesday.

The IDF also announced that its troops destroyed a military asset belonging to Hamas’ Anti-Tank Missile Unit.

In addition, soldiers from the 98th formation have continued fighting in western Khan Yunis. The forces have reportedly eliminated terrorists during combat and located large quantities of weapons. Furthermore, IDF troops directed an aircraft that struck and killed several terrorists in the area.

The operations weren’t limited to Khan Yunis

IDF soldiers from the 162nd formation have operated against terrorists in the central and northern Gaza Strip as well.

In the Shati area, soldiers from the 401st brigade eliminated multiple terrorists and located vast amounts of weapons.IDF soldiers operating in the Gaza Strip January 30, 2024 (credit: IDF SPOKESPERSON’S UNIT)

In the central Gaza Strip, soldiers from the Nahal brigade identified a terrorist cell armed with RPGs that was approaching troops in the area. With the direction of the fighters on the ground, a UAV targeted and killed the terrorists.Go to the full article >>

ISRAEL/GAZA/

end

IRAN/PROXIES/USA

‘Moment Of No Return’ Imminent As Biden Has ‘Decided’ On Response, Says Iran Supplied Weapons Used In Attacks

TUESDAY, JAN 30, 2024 – 12:05 PM

A “decision” has been made, apparently, with CBS reporting: “Biden tells reporters that he has decided on how to respond to the attack that killed US troops in Jordan.” And Sky News writes, ‘Moment of no return approaching’ as Biden weighs retaliation for soldier deaths.

Additionally, Biden said the White House sees Iran as responsible for supplying the weapons used in the drone strike on the Tower 22 base along the Jordan-Syria border, an attack which also saw over 40 American troops injured.

Admin officials have repeatedly asserted they do not seek wider war with Iran, even while direct accusations fly against Tehran, and there’s talk of military ‘options’ and warlike threats go over the airwaves.

…because “pressure,” writes Bloomberg: “US President Joe Biden faces intensifying pressure to confront Iran directly after the country’s proxies killed three American soldiers in a drone strike in Jordan over the weekend, risking precisely the wider regional conflict that he’s trying to avoid.”

“A person familiar with the US position, who asked not to be identified discussing private discussions, said it was clear that a strike — which also wounded at least 34 — would force a stronger response than what the US has done so far in the weeks,” continues Bloomberg.

Currently, the reporting consensus seems to be that Biden will order major strikes against various Iranian ‘proxy’ positions especially in Iraq and Syria. In the immediate aftermath of the Sunday drone attack on the US Tower 22 base, there were reports that Iran-aligned militias were temporarily evacuating bases in the region.

Biden on the White House lawn Tuesday: “I do hold them [Iran] responsible in the sense that…

https://platform.twitter.com/embed/Tweet.html?dnt=false&embedId=twitter-widget-

MSNBC

@MSNBC

BREAKING: President Biden says he has made a decision on how to respond to the drone attack in Jordan and that he holds Iran responsible.

10:58 AM · Jan 30, 2024

82.4K Views

This gets at an asymmetry between the U.S. and its regional adversaries that advantages the latter, and regularly frustrates U.S. efforts to establish deterrence: these groups are weaker, but they have a sky-high pain tolerance. They’re from here! They have people ready to die!

Aron Lund

@aronlund

If you’re a superpower that can’t suffer an average rate of one dead soldier per 38 days of intense regional conflict without behaving like you’ve arrived at a 9/11-type decision point, maybe massive military entanglements in the Middle East are not for you? twitter.com/skynews/status…

US and coalition forces could at the same time launch another major round of airstrikes against Houthi positions in Yemen, amid continued targeting of Red Sea shipping.

The only question that remains is timing… when will the bombs fly? At this point it’s a certainty. A proverbial “moment of no return” is fast approaching. Historians could look back on this pivotal moment and see it as the point at which the Gaza war spiraled into a broader Middle East enduring conflict.

Tragic as any loss of American life is, one regional analyst points out the following sure to be unpopular truth…

If you’re a superpower that can’t suffer an average rate of one dead soldier per 38 days of intense regional conflict without behaving like you’ve arrived at a 9/11-type decision point, maybe massive military entanglements in the Middle East are not for you?

https://platform.twitter.com/embed/Tweet.html?dnt=false&embedId=twitter-widget-1

Meanwhile, Iranian Foreign Ministry spokesman Nasser Kanaani has denied that Tehran was behind the drone strike and killing of Americans: “As we have clearly stated before, the resistance groups in the region are responding [to] the war crimes and genocide of the child-killing Zionist regime and… they do not take orders from the Islamic Republic of Iran,” he said.

He further asserted: “These groups decide and act based on their own principles and priorities as well as the interests of their country and people.”

* * *

Below is some commentary on the ‘dilemma’ from Rabobank…

Let’s then start Blinken – which is that the US is doing when the US Secretary of State states, “The response against Iran could be multi-levelled and come in stages and be sustained over time.” Operation Praying Mantis, where the US sank half the Iranian fleet in a day in the 1980s, it won’t be: Operation Praying Man, ‘tis. Because while the White House counts its dead, injured and loss of deterrence at the hands of Iran-backed forces –as Tehran says it didn’t do it– it’s also counting the cost of a war that would not only not be over by the 2024 election, where higher oil prices would likely mean Biden loses, but might still be going on in 2028.

Markets will therefore be relieved as Bloomberg, both accurately and ridiculously, says the US aims to find a way to bomb Iran just enough to show it’s angry without doing real damage – so ‘politesse’, not real politics. But risks remain: bomb too much – war; bomb too little – more Iran pushback until we trigger that same war; and it’s not clear if there is a sweet-spot between the two.

end

WEST BANK/ISRAEL

Israel nabs this big terrorist in Jenin

(Jerusalem Post)

Israeli commandos, dressed as doctors, foil terror attack in Jenin hospital

The Israeli commando forces entered the hospital dressed as doctors and nurses, as seen in CCTV footage shared on social media.

By JERUSALEM POST STAFFJANUARY 30, 2024 07:52Updated: JANUARY 30, 2024 11:43

https://player.jpost.com/public/player.html?

player=jpost&media=3660498&url=https://www.jpost.com/israel-hamas-war/article-784268Israeli commandos, dressed as doctors, foil terror attack in Jenin hospital on January 30, 2024 (t.me/Intellinews)

https://trinitymedia.ai/player/trinity-player.php?pageURL=https%3A%2F%2Fwww.jpost.com%2Fisrael-hamas-war%2Farticle-784268&unitId=2900003088&userId=0984023a-6fcf-4b29-a5e6-1be85cfd6d0a&isLegacyBrowser=false&version=20240130_b50894be5737ab92634331876c44221b7af1a2f6&useBunnyCDN=0&themeId=140

Israeli counterterrorism forces foiled an October 7-inspired terror attack overnight on Tuesday, targeting a cell hiding and planning the attack from the Ibn Sina hospital in Jenin, the West Bank.

According to a joint statement by the IDF, Israel Police’s YAMAM counterterrorism forces, and the Shin Bet, Hamas terrorist Mohammad Jalamna was killed during the operation, along with two fellow terrorists who hid alongside him at the hospital.

27-year-old Jalamna, a resident of the Jenin refugee camp, held direct communications with Hamas leadership abroad. According to the statement, he was responsible for transferring weaponry and ammunition to Hamas terrorists across the West Bank for shooting attacks targeting Israelis.

The Israeli commando forces entered the hospital dressed as doctors and nurses, as seen in CCTV footage shared on social media.

‘Planned to carry out October 7-inspired attack’

Furthermore, Jalamna used the Jenin hospital as a secret base of operations as he was planning an infiltration attack akin to and inspired by the October 7 massacre, it added.

Hamas terrorist Mohammad Jalamna (credit: VIA MAARIV ONLINE)

Along with Jalamneh, Mohammed and Basel Ghazawi, brothers and Palestinian terrorists, were also killed by Israeli forces. Mohammed was a terrorist operative of the Jenin battalions who was involved in numerous attacks including firing at IDF soldiers in the area in recent weeks, the IDF said.

Basel was a Palestinian Islamic Jihad operative involved in terror activities in the area.Advertisement

YAMAM officers operating at the Ibn Sina hospital in Jenin on January 30, 2024 (credit: ISRAEL POLICE)

Hamas’s use of hospitals as bases of terror

The security forces stated that for a long time, a large number of wanted persons had been hiding in hospitals and were using them as a base for planning terror attacks and carrying them out, and that they believed that the hospitals would serve as protection against Israeli security forces.

The statement said that the operation was made possible due to accurate intelligence received before the operation, and an operation of this nature was unprecedented.

One senior official stated, “There are no cities of refuge in the West Bank and there will not be – every terrorist should know this. The hand of the IDF and the security establishment will reach everyone.”

END

OTHER MEDICAL VACCINE INJURY/CANCER REPORTS

MARK CRISPIN MILLER

WHO do they think they are? Meryl Nass explains the bio-fascist order that they plan to force on all the world; and James Roguski tells us how to STOP them

They’re using the phantasm of a horrible new plague to wipe out national sovereignty & human rights—not for a finite lockdown, as in 2020, but forever, with dissidence an outright criminal offense

MARK CRISPIN MILLERJAN 29

READ IN APP

Now’s the time to bring this crucial—and non-violent!—fight to them, and to the “free press” that’s promoting their agenda.

James Roguski

The WHO deadline is less than two weeks away

The World Health Organization’s failure to meet their upcoming deadline will be very good news for all of us. Please help spread the word by sharing this article and by SHARING ALL OF THE VIDEOS BELOW on social media…

DR PAUL ALEXANDER

You kill Americans or American forces, we must devastate you! By, air, by land, by sea, we are coming, whatever it takes! Obama & Biden always sought to give Iran technology & capacity to attack US

& Israel, that was Obama (the shia islamic follower) & his Iran aims, do not forget it’s not only these 3 soldiers, its the 2 Navy seals etc.; Obama gave Iran the drone & naval gun boat technology!

DR. PAUL ALEXANDERJAN 29

READ IN APP

do not forget, it’s Obama and Biden, this same POTUS Biden, who gave Iran money (billions) and technology to use against Americans and Israel…I don’t care if you sit in your mommy’s basement in your crocks and flannels, pulling flint from your navel playing video games and writing shit here talking smack that you cannot back up, and on stack thinking ‘oh I got game, oh I is a bad ass’ my ass…wanna be pussy hat wearers. Talking smack and regardless if someone supports Israel or America, or not, it is time Iran be schooled. Including all you American hates, just loves to sit in America and pimp off of her, benefit from all the good she is too, flying tucked safely beneath the eagle’s wings, the benefit of her power and history, yet working against her each turn you make…you piece of shit fecal matter whomever you are.

It is Biden with Obama who deliberately gave Iran the drone technology I argue was used today to kill American soldiers, so they must pay at the polls, they must pay, who gave Iran the naval technology via the 2 naval gun boats…no, the drone never landed on its own in Iran, the boats did not run aground in the Persian Gulf, no, it was ordered by Biden and Obama…Obama, the shia follower. Obama gave Iran the stealth drone, ordered it to land there then claim it crash landed..oh yeah, bullshit…he knew Iran would take the technology and use it to kill Americans, the blood of the soliders are on the hands of Obama and Biden…

end

IGOR CHUDOV excellent scholarship again, showing what we have known now for 3 years now, that Excess Mortality is Positively Associated With COVID Vaccination Rates; see 2023 data by Igor

The pattern of positive association of excess mortality with COVID vaccination rates continued in 2023, contradicting the thesis that “COVID vaccines save lives.” It is statistically significant

DR. PAUL ALEXANDERJAN 29

READ IN APP

Support Igor:

Igor’s Newsletter

2023 Excess Mortality Positively Associated With COVID Vaccination Rates

SUMMARY: The baffling pattern of positive association of excess mortality with COVID vaccination rates continued in 2023, contradicting the thesis that “COVID vaccines save lives.” It is statistically significant and is unlikely to have occurred by chance…

a day ago · 141 likes · 60 comments · Igor Chudov

‘In 2022, I wrote a series of posts discussing the correlation of excess mortality with vaccination rates. Several comparisons by country, German-Bundesland, and more showed a positive relationship between excess mortality and vaccination (or booster) rates.

end

see below: How over-amplified PCR process was used with deceit of asymptomatic spread to drive creation of a fake fraud non-COVID pandemic; COVID was never a pandemic & we were always immune; they

created a pandemic out of nothing & in so doing, drove hysteria, fear, panic & complaceny & acceptance of masks, lockdowns & vaccines that the body of evidence shows never ever worked! Nothing worked

DR. PAUL ALEXANDERJAN 30

READ IN APP

False-positive PCR process used to create a fake pandemic

Title:

COVID-19 as a RT-PCR ‘false-positive’ manufactured fake ‘non-asymptomatic spread’ pandemic (IFR of 0.05% less than 70 years): how an over-amplified cycle count threshold PCR ‘process’ and the lie of asymptomatic spread was used to create a fake non-pandemic & topple a sitting POTUS 45. How the lie of asymptomatic transmission was used to drive hysteria and fear so that you wore the ineffective and toxic face masks and accepted ineffective lockdowns and then the ineffective and deadly mRNA technology underpinning mRNA COVID injection.

end

Legacy of Malone, Bourla, Bancel, Kariko, Weissman, Sahin et al. mRNA technology & vaccine; my friend’s son, 26, 3 shots, massive myocarditis, destroyed heart near instant; got urgent transplant

new heart, 1 year constant myocarditis, now may lose this heart, so not good, maybe game is over; doctor on transplant team said the mRNA vaccine has done this; spike produced 24/7 even on new heart

DR. PAUL ALEXANDERJAN 30

READ IN APP

This is what Malone and Weissman et al. and Bourla have done to the world, this is their legacy and you want me to respect or regard these devils? Nothing about mRNA technology is or was good, and they knew it and this is why Malone ran fast soon after the vaccine roll-out Feb 2021 or so to hide out in the Freedom Movement, and he corrupted the Freedom Movement media to not go at him, for money…all money whores…even Bobby Kennedy Jr. lost crtedibility courting Malone….he Malone knew what was coming, he knew the harms of the mRNA technology and the ensuing vaccine so he played a game with you…you who sought truth and answers…did you get anything from the horseman? except about horses and ranches etc.? Did you? just grifting. just stories. yet it is his technology and all we got was law suits against anyone who raised questions.

I am prepared for a law suit for I think Malone is a 100% fraud, a conman…a dangerous one for he chilled and silenced proper scientific debate, he caused scientists to shut up…in fear of being sued…Malone damaged the movement, it is he who conned you with his mass formation bullshit…mass formation yes, but it was played on you by him…

end

‘2 masked islamic ISIS males kill a person in attack on Catholic church in Istanbul. Officials detain 2 ISIS members’; be warned, coming to America & infact IN America, Biden & Obama let Obama’s

islamic brothers in (and sisters cough cough Tashfeen et al.), they are here, islamic jihadists & I argue there WILL be a mass terror attack on US soil before elections; not IF, but WHEN; BATACLAN

DR. PAUL ALEXANDERJAN 30

READ IN APP

https://www.timescolonist.com/religion-news/2-masked-men-kill-a-person-in-attack-on-catholic-church-in-istanbul-officials-detain-2-isis-members-8173848

One Dead After Two Masked ISIS Terrorists Attack Roman Catholic church in Istanbul During Sunday Mass (VIDEO)

No sane nation allows hundreds of thousands, millions of military-aged males into their country, UNVETTED, no sane nation builds their own funeral pyres…Biden invaded America and let these fecal feral banal animals, these 6th century medieval beasts in at the Southern Border etc…there are 300 ‘got aways’ under Biden INC. who are terrorists inside America, we don’t know names or location…

thank you POTUS Biden…thank you.

SLAY NEWS

The latest reports from Slay News

89% of ‘American Elites’ Back WEF’s Plan to Ration Meat, Gas, Electricity for General Public A disturbing new report has emerged revealing that an overwhelming number of so-called “American elites” support the tyrannical “climate” policies of the World Economic Forum (WEF).READ MORE

WHO: ‘Lies & Conspiracy Theories’ Are Derailing Globalist Agenda The head of the World Health Organization (WHO) has warned globalists that “lies and conspiracy theories” are derailing the agenda of unelected bureaucratic power elites.READ MORE

Gavin Newsom: Biden Has ‘Best Three-Year Record of Any Modern American Presidency’A corporate media interviewer was forced to step in when California Gov. Gavin Newsom started making deluded comments about Democrat President Joe Biden’s record in the White House.READ MORE

Biden Refers to Trump as ‘Sitting President’ during Slurring Speech After a gaffe-filled weekend, Democrat President Joe Biden is continuing to raise serious concerns about his fitness for office.READ MORE

Michelle Obama Named as Top Biden Alternative Among Democrats, Polls Show Democrats have named former First Lady Michelle Obama as their top choice to replace President Joe Biden as the party’s 2024 candidate, new polls have revealed.READ MORE

Pelosi Scores Big Profits on Controversial Stock Purchase Democrat Rep. Nancy Pelosi (D-CA) has already enjoyed big profits on a controversial stock move that she made toward the end of last year. READ MORE

Snoop Dogg Dooms Democrats, Declares ‘Nothing But Love’ for Trump in Major U-Turn Anti-Trump rapper Snoop Dogg has signaled impending doom for President Joe Biden and the Democrats by announcing a major political U-turn.READ MORE

Alyssa Milano Spotted Driving $200K Electric Porsche Days after Begging Fans for $10K Donation Hollywood leftist Alyssa Milano has been spotted driving an expensive luxury car just days after she took to social media to beg for $10,000 in donations for her son’s baseball team trip.READ MORE

George Soros Pumps Millions into Texas Democrats for Effort to Shift Power from Republicans Radical billionaire George Soros has been pumping millions of dollars into Texas Democrats as part of an effort to shift the power dynamic in the state away from Republicans.READ MORE

EVOL NEWS

LATEST NEWS:

NEWS ADDICT

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

END

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

Biden, the bumbling idiot does it again

(zerohedge)

Biden’s Bumbling LNG ‘Ban’ Profits Putin, Vexes Texas, And Unsettles Europe

TUESDAY, JAN 30, 2024 – 04:15 AM

The Biden administration’s decision to delay the approval of new liquefied natural gas (LNG) terminals in the United States may have marked a major victory for environmental advocacy groups in both the US and Europe (while effectively punishing Texas – the world’s 3rd largest LNG exporter, for defending the southern border), it was a terrible move for Western interests.

Energy experts are saying that the move benefits America’s enemies and harms the country’s allies.

The Wall Street Journal editorial board called it “an election-year gift to Russia and Iran.“

U.S. LNG exports have increased by about 31 billion cubic feet per month (8.7%) since January 2022, which has helped Europe wean itself off Russian energy and reduced global gas prices. If not for U.S. LNG, political support in Europe for Ukraine might have flagged as its citizens shivered.

…

A new major Russian LNG export facility is scheduled to come online this year. Iran, the world’s third largest natural-gas producer, has revived construction on an LNG export facility that it aims to complete next year. The U.S. surpassed Qatar last year as the world’s top LNG exporter, but new projects could help Doha regain its lead.

If new U.S. LNG projects are blocked, Europe and Asia will have to import gas from elsewhere to meet their growing demand. Most won’t come from America’s friends. Yet the climate lobby says new LNG projects will lock in higher CO2 emissions for decades. They’re apparently less worried by the 305 coal-fired power plants that China has announced or has in the works.

“There is no review needed to understand the clear benefits of U.S. LNG for stabilizing global energy markets, supporting thousands of American jobs, and reducing emissions around the world by transitioning countries toward cleaner fuels,” American Petroleum Institute (API) CEO Mike Sommers said in a statement, adding “This is nothing more than a broken promise to U.S. allies, and it’s time for the administration to stop playing politics with global energy security.”

Question to the Democrats who support this: Why is Biden supporting Putin by actively hurting our NATO allies? The vast majority of US LNG exports currently go to Europe. We did this in response to Putin’s war in Ukraine to help Europe wean itself off of Russian natural gas.

1:50 PM · Jan 26, 2024

What’s more, following Russia’s invasion of Ukraine, Europe turned to the United States in its quest to reduce its dependence on Moscow – resulting in a 141% increase in 2022 exports of US LNG over the previous year, and increased modestly in 2023, according to research firm Kpler. Thanks to a combination of those imports and mild winters, Europe has been able to avert winter shortages.

“U.S. LNG exports improve global energy security as U.S. natural gas is becoming Europe’s primary energy supply source replacing Russia,” says Rob Thummel, the senior portfolio manager at Tortoise, in a statement to the Epoch Times.

Texas Vexed

While the White House has pointed climate activism as inspiring the move, most people with two brain cells to rub together assume it has to do with the administration’s brewing battle with Texas over the southern border.

“This reckless move is nothing more than retaliation against Texas — for standing up to this administration over the border crisis,” said Texas Land Commissioner Dawn Buckingham on X.

Texas is the country’s largest natural gas exporter and the third largest in the world! This reckless move is nothing more than retaliation against Texas — for standing up to this administration over the border crisis.

Brad Johnson

@bradj_TX

.@JoeBiden announces pause on regulatory approval of new liquefied natural gas export terminals:

10:25 AM · Jan 26, 2024

2.3K Reply

On Wednesday, Texas Railroad Commissioner Wayne Christian wrote a letter of concern to US Energy Secretary Jennifer Granholm, stating that “America becoming energy dominant again – like in 2019 – is the key to restoring global order, and that starts with a strong LNG export industry.”

“I don’t know about President Biden, but I’d much rather have the world buy America’s clean natural gas over gas anywhere else,” the statement continues. “LNG can be a beacon of hope, where many countries no longer produce their own fossil fuels due to the Net Zero agenda. Our energy strategy should be to increase production of our domestic fossil fuels and export that reliable energy to our allies across the globe.”

Even Texas Democrats are opposed – with state Rep. Eddie Morales writing: “While I believe climate change is a pressing issue, we cannot hold ourselves back when our competitors are not willing to do the same despite their overwhelming contributions to global emissions.”

Texas Railroad Commissioner Christi Craddick slammed the move as “Reckless. Irresponsible. Unacceptable,” adding that Russia and Qatar are primary beneficiaries of the move, “Not the environment. Not hard-working Americans. Not our allies” (via Texas Scorecard).

Former President Donald Trump slammed the move as well, stating:

Joe Biden has once again caved to the radical demands of the environmental extremists in his administration. This decision to block the approval of new facilities to export American natural gas is one more disastrous self-inflicted wound that will further undermine America’s economic and national security.

While Texas Governor Greg Abbott said on Friday that the move “threatens Texas – and America,” calling it “reckless decision.”

Biden’s decision to freeze LNG exports threatens Texas—and America. This reckless decision is a gut punch to the hard-working men and women in the energy industry. It also could cause some countries to rely upon dirty coal as opposed to cleaner burning natural gas.

1:24 PM · Jan 26, 2024

1.7M Views

https://platform.twitter.com/embed/Tweet.html?dnt=false&embedId=twitter-widget-

Europe Unsettled

While European leaders, no strangers to shooting their dicks off, applauded the move as a victory notched in their battle against climate change (“Is climate change in the room with us right now?”), many in Europe are freaking out.

Interruptions of gas supplies from Russia in 2022 contributed to soaring energy prices in Europe, especially for electric power, that hurt businesses and consumers and pushed governments to spend heavily to ease energy bills. Tankers full of liquefied gas from the United States helped mitigate what could have been a dire situation.

Given this history, potential restrictions on gas supplies from the United States would be “a huge concern,” said Fredrik Persson, the president of BusinessEurope, the continent’s largest business group. –NYT

According to Didier Holleaux, president of Eurogas, and industry group, doubts about the stability of LNG supplies from the United States could put plans for new European LNG terminals at risk, “raising concerns of potential further price volatility.”

“In Europe many projects for new LNG import terminals are based on the assumption of stable long-term supply relationships with the US,” Eurogas President Didier Holleaux said in a statement. “If additional US LNG export capacities would not materialise it would risk increasing and prolonging the global supply imbalance” and increase price volatility.

Yet, while this year’s exports may not be affected, analysts have noted that what may unsettle allies is the message that Europe may not be able to count as firmly on US supplies going forward.

“What this really highlights for Europe is, you are running out of options,” said Henning Gloystein, a director for energy and climate change at Eurasia Group, a political risk firm, in a comment to the Times.

Mr. Gloystein said L.N.G. from the United States was particularly attractive for European buyers because the shipping distances from North America are relatively short and the terms that American suppliers provide are much more flexible than those of most other sources. For instance, they usually allow a buyer to easily resell gas, whereas other gas powers like Qatar often impose restrictions. “The U.S. is the one that matters,” he said. -NYT

Back home, the CEO of the American Exploration and Production Council, Anne Bradbury, said “Any action or future plan to hinder American LNG exports, including the White House’s reported pause on CP2, is misguided policy that undermines the US economy, our allies’ security, and global emissions goals.”

END

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

CANADA//

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

EURO VS USA DOLLAR: 1.0841 UP .0008

USA/ YEN 147.43 DOWN .051 NOW TARGETS INTEREST RATE AT 1.00% AS IT WILL BUY UNLIMITED BONDS TO GETS TO THAT LEVEL…//YEN STILL FALLS//

GBP/USA 1.2669 DOWN .0043

USA/CAN DOLLAR: 1.3423 UP .0012 (CDN DOLLAR DOWN 12 BASIS PTS)

Last night Shanghai COMPOSITE CLOSED DOWN 52.83 PTS OR 1.83%

Hang Seng CLOSED DOWN 373.79 PTS OR 2.33%

AUSTRALIA CLOSED UP 0.34% // EUROPEAN BOURSE: ALL GREEN

Trading from Europe and ASIA

I) EUROPEAN BOURSES: ALL GREEN

2/ CHINESE BOURSES / :Hang SENG DOWN 373.79 PTS OR 2.33%

/SHANGHAI CLOSED DOWN 52.83 PTS OR 1.83%

AUSTRALIA BOURSE CLOSED UP 0.34%

(Nikkei (Japan) CLOSED UP 38.92 OR 0.11%

INDIA’S SENSEX IN THE RED

Gold very early morning trading: 2035.15

silver:$23.12

USA dollar index early TUESDAY morning: 103.27 DOWN 15 BASIS POINTS FROM MONDAY’s CLOSE.

TUESDAY MORNING NUMBERS ENDS

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

And now your closing TUESDAY NUMBERS 1: 30 AM

Portuguese 10 year bond yield: 2.971% DOWN 8 in basis point(s) yield

JAPANESE BOND YIELD: +0.707% DOWN 0 AND 1//100 BASIS POINTS /JAPAN losing control of its yield curve/

SPANISH 10 YR BOND YIELD: 3.198 UP 8 in basis points yield

ITALIAN 10 YR BOND YIELD 3.828 UP 9 points in basis points yield ./ THE ECB IS QE’ ING ITALIAN BONDS (BUYING ITALIAN BONDS/SELLING GERMAN BUNDS)

GERMAN 10 YR BOND YIELD: 2.2910 UP 6 BASIS PTS

END

IMPORTANT CURRENCY CLOSES FOR TUESDAY

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

Euro/USA 1.0939 UP 0.0006 or 6 basis points

USA/Japan: 147.83 UP 0.336 OR YEN UP 34 basis points/

Great Britain/USA 1.2659 DOWN .0052 OR 52 BASIS POINTS //

Canadian dollar DOWN .0022 OR 22 BASIS pts to 1.3433

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

The USA/Yuan, CNY: closed ON SHORE CLOSED (UP) …7.1765

THE USA/YUAN OFFSHORE: (YUAN CLOSED (UP)…. (7.1915)

TURKISH LIRA: 30.35 EXTREMELY DANGEROUS LEVEL/DEATH WATCH/HYPERINFLATION TO BEGIN.//ON DEATH WATCH

the 10 yr Japanese bond yield at +0.707…

Your closing 10 yr US bond yield UP 1 in basis points from MONDAY at 4.102% //trading well ABOVE the resistance level of 2.27-2.32%) very problematic

USA 30 yr bond yield 4.321 DOWN 1 in basis points /12.00 PM

USA 2 YR BOND YIELD: 4.378 UP 6 BASIS PTS.

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

London: CLOSED UP 37.60 PTS OR 0.49%

German Dax : CLOSED UP 32.16 PTS OR 0.19%

Paris CAC CLOSED UP 39.72 PTS OR 0.52%

Spain IBEX CLOSED UP 155.00 PTS OR 1.57%

Italian MIB: CLOSED UP 384.86 PTS OR 1.27%

WTI Oil price 77.14 12: EST

Brent Oil: 82.66 12:00 EST

USA /RUSSIAN ROUBLE /// AT: 89.75; ROUBLE UP 0 AND 77//100

GERMAN 10 YR BOND YIELD; +2.2910 UP 6 BASIS PTS

UK 10 YR YIELD: 3.935 DOWN 1 BASIS POINTS

CLOSING NUMBERS: 4 PM

Euro vs USA: 1.0843 UP .0009 OR 9 BASIS POINTS

British Pound: 1.2692 DOWN .0021 or 21 basis pts

BRITISH 10 YR GILT BOND YIELD: 3.937 UP 2 BASIS PTS//

JAPAN 10 YR YIELD: 0.712%

USA dollar vs Japanese Yen: 147.62 UP .130//YEN DOWN .13 BASIS PTS//

USA dollar vs Canadian dollar: 1.3397 DOWN 0.0014 CDN dollar UP 14 basis pts)

West Texas intermediate oil: 77.90

Brent OIL: 82.82

USA 10 yr bond yield DOWN 3 BASIS pts to 4.059%

USA 30 yr bond yield DOWN 4 BASIS PTS to 4.282%

USA 2 YR BOND: UP 4 PTS AT 4.359%

USA dollar index: 103.23 DOWN 19 BASIS POINTS

USA DOLLAR VS TURKISH LIRA: 30.35 (GETTING QUITE CLOSE TO BLOWING UP/

USA DOLLAR VS RUSSIA//// ROUBLE: 89.77 DOWN 0 AND 75/100 roubles

GOLD 2036.20 3:30 PM

SILVER: 23.17 3:30 PM

DOW JONES INDUSTRIAL AVERAGE: UP 133.99 PTS OR 0.35%

NASDAQ DOWN 119.56 PTS OR 0.68%

VOLATILITY INDEX: 13.42 DOWN .18 PTS OR 1.32%

GLD: $188,59 UP 0.26 OR 0.14%

SLV/ $21.19 DOWN 02 OR 0.094%

end

USA AFFAIRS

TODAY’S TRADING IN GRAPH FORM:

Yields JOLTed Higher, Stocks Lower Ahead Of Fed/Treasury

BY TYLER DURDEN

TUESDAY, JAN 30, 2024 – 04:00 PM

Higher-than-expected job openings from the JOLTS survey lifted bond yields (optimistically) today but the real story was in the quits – which dropped to pre-pandemic levels (suggesting “workers’ willingness of ability to leave jobs” is considerably lower (i.e. labor market not strong). You can decide which is more ‘real’.

Home price appreciation slowed, according to Case-Shiller; but consumer confidence ripped with ‘current conditions’ hitting the highest since pre-COVID-lockdowns.

The short-end underperformed with notable bear flattening in the curve. The long-end actually rallied on the day (30Y -4bps)…

Source: Bloomberg

In the meantime, ‘soft’ survey data continues to trend lower as ‘hard’ economic data is reignited…

Source: Bloomberg

… by the massive loosening of financial conditions…

Source: Bloomberg

But most notably, this is where the week gets really exciting with tonight’s GOOG/MSFT earnings, tomorrow’s Treasury AQR details, then FOCM and so on.

The Dow managed gains on the day with the S&P 500 unchanged while Nasdaq and Small Caps in the red…

Source: Bloomberg

…as MAG7 stocks faded (on AAPL shipment anxiety), erasing all of yesterday’s gains…

Source: Bloomberg

The vol market is pricing some ‘uncertainty’ in the next few days then a return to the usual…

Source: Bloomberg

Yesterday’s manic meltup squeeze was erased in ‘most shorted’ stocks after it tagged last week’s high stops…

Source: Bloomberg

Bitcoin extended yesterday’s gains, holding around $43,500, but Ethereum surged back above $2350…

Source: Bloomberg

…after the smallest GBTC outflow since ‘day one’ of the ETFs (and highest net inflow in two weeks)…

Source: Bloomberg

The dollar ended marginally lower on the day but was mostly directionless…

Source: Bloomberg

Gold (spot) surged up towards $2050 as the cash equity market opened this morning, only to fall back down to a modest gain after JOLTS…

Source: Bloomberg

Oil prices ended higher with WTI bouncing off $76.00 up to $78…

Source: Bloomberg

Finally, it’s the same this time…

Source: Bloomberg

Just ask JPMorgan…

END

MORNING TRADING//

end

AFTERNOON TRADING

II USA DATA

US Home Prices Rose For 10th Straight Month In November, But Gains Slow Significantly

TUESDAY, JAN 30, 2024 – 09:09 AM

Home prices in America’s 20 largest cities rose for the 10th straight month in November (the latest data released by S&P Global Case-Shiller today), up 0.15% MoM (considerably slower than the 0.50% MoM expected and 0.63% prior).

That is the weakest MoM rise since Jan 2023.

Source: Bloomberg

That pushed the YoY price up to +5.40% (but well below the +5.8% exp)…

“November’s year-over-year gain saw the largest growth in U.S. home prices in 2023, with our National Composite rising 5.1% and the 10-city index rising 6.2%,” says Brian D. Luke, Head of Commodities, Real & Digital Assets at S&P DJI.

Six cities registered a new all-time high price in November – Miami, Tampa, Atlanta, Charlotte, New York, and Cleveland.

Portland is the only city with prices dropping YoY – who could have seen that coming?

Is this really what Jay and his pals were expecting when they embarked on an unprecedented tightening of monetary policy?

But, judging by the resumption of the rise of mortgage rates since the Case-Shiller data was created, we would expect prices to also resume their decline in the short-term…

Are prices set to shrink again (as the lag on Case-Shiller data and human’s response to rates) before re-accelerating later this year?

END

Conference Board Confidence ‘Revised’ Lower For 3rd Straight Month, Present Situation At Pre-COVID-Lockdown Highs

TUESDAY, JAN 30, 2024 – 10:13 AM

US consumer confidence soared higher again in January according to the Conference Board, with the headline up from 108.0 (revised down) to 114.8 (above the 114.5 exp). This was driven a huge surge in ‘present situation’ (from 147.2 (revised down) to 161.3). That is the highest present situation index since the start of COVID lockdowns…

Source: Bloomberg

But, for the third straight month, The Conference Board revised its consumer confidence data significantly lower.

Source: Bloomberg

Which brings up the same question we had last month?

https://platform.twitter.com/embed/Tweet.html?dnt=false&embedId=twitter-widget-0&features=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%3D%3D&frame=false&hideCard=false&hideThread=true&id=1729516051941994747&lang=en&origin=https%3A%2F%2Fwww.zerohedge.com%2Fmarkets%2Fconference-board-confidence-revised-lower-3rd-straight-month-present-situation-pre-covid&sessionId=95668ac380db6845d5cf6a351c987610073416fc&siteScreenName=zerohedge&theme=light&widgetsVersion=2615f7e52b7e0%3A1702314776716&width=550px

The labor market indicators trended notably stronger in January…

Source: Bloomberg

The Conference Board’s indicator inflation expectations tumbled further to +5.2% – still notably high but trend in the right direction…

Source: Bloomberg

And so we ask again – Is Bidenomics all simply driven by ‘seasonal adjustments’ and historical revisions?

TUCKER CARLSON..

end

III USA ECONOMIC COMMENTARIES

Texas is prepared if Biden, the fool federalizes the state nation guard

(zerohedge)

Texas Is ‘Prepared’ If Biden Federalizes State National Guard: Gov. Abbott

MONDAY, JAN 29, 2024 – 11:40 PM

Authored by Naveen Athrappully via The Epoch Times (emphasis ours),

Texas Governor Greg Abbott said that his state is “prepared” to deal with President Joe Biden potentially federalizing its National Guard as the Lone Star State utilizes the troops to secure the border.

On Jan. 22, the U.S. Supreme Court ruled that federal agents could not be blocked from removing the razor wire that Texas has placed along the U.S.-Mexico border. In response, Gov. Abbott announced that his state will not “back down from our efforts to secure the border.” This triggered Democrats to call on President Biden to federalize the National Guard.

The razor wire along the border was set up by the Texas National Guard and the state’s Department of Public Safety. In a Jan. 26 interview with Tucker Carlson, Gov. Abbott was asked about his response if President Biden goes ahead with the proposal.

“Well, first, I’d be shocked. That would be a boneheaded move on his part—total disaster,” Gov. Abbott said. “For one, as you might imagine, we are prepared in the event that that unlikely event does occur to make sure that we will be able to continue exactly what we’ve been doing over the past month, and that is building these barriers.”

“Whatever we’ve been building, the Biden administration is now trying to attack us because of it, and we will continue to do exactly what we’re doing to expand our denial of illegal entry into the state of Texas.”

Gov. Abbott pointed out that state forces were already operating at the border and that he expects more forces to come to Texas from other state National Guards.

“There’ve been about ten [states] so far that have sent National Guard or other law enforcement … They now are joined together with us. This is a fight for the future of America, and they all know it. And so I believe that they will all be in on this effort.”

In an interview with Bloomberg on Thursday, the governor said that Texas was “adding more razor wire as we speak right now to make sure that we are doing even more to secure the border.”

Gov. Abbott insisted that his state has the authority to defy the U.S. federal government in accordance with the U.S. Constitution since the founding fathers believed that “there would be times when the federal government does not do its job and states have a right of self-defense.”

On Wednesday, Gov. Abbott accused the Biden administration of failing to fulfill the duties outlined in Article IV, Section 4, which asks the federal government to protect each state against “invasion.”

President Biden’s failure has triggered “Article 1, Section, 10, Clause 3, which reserves to this State the right of self-defense,” he said.

The governor declared an invasion under Clause 3 and invoked “Texas’s constitutional authority to defend and protect itself. That authority is the supreme law of the land and supersedes any federal statutes to the contrary.”

The conflict between the federal government and Texas comes as the U.S. border patrol registered 302,034 encounters with illegal migrants along the southwest land border in December—the highest level since 2021.

Supporting Texas

Republicans have announced strong support for Texas in the clash with the federal government. “Joe Biden is defying federal law by allowing 9.6M illegal aliens to flood through our border,” Sen. Ted Cruz (R-Tex.) said in a Jan. 26 post.

“If the federal government won’t step up, Texas has the Constitutional authority to protect itself. I’m proud to stand with Texas and Governor Abbott as we work to stop this invasion.”

Former President Donald Trump also backed Texas. “We encourage all willing States to deploy their guards to Texas to prevent the entry of illegals and to remove them back across the Border,” he said in a Jan. 25 statement.

“All Americans should support the commonsense measures by Texas authorities to protect the safety, security, and sovereignty of Texas, and of the American people. When I am president, on day one, instead of fighting Texas, I will work hand in hand with Governor Abbott and other border states to stop the invasion, seal the border, and rapidly begin the largest domestic deportation operation in history.”

The National Border Patrol Council (NBPC), which represents around 18,000 Border Patrol (BP) agents and support personnel assigned to the U.S. Border Patrol, extended support to Texas’ measures as well.

“Rank-and-file BP agents appreciate and respect what TX has been doing to defend their state in the midst of this catastrophe that the Biden Admin has unleashed on America,” it said in a Jan. 26 post.

“We want to be perfectly clear; there is no fight between rank-and-file BP agents and the TX NG (National Guard), Gov. Abbott, or TX DPS (Department of Public Safety). It may make flashy headlines, but it simply isn’t true.”

Meanwhile, calls for impeaching Department of Homeland Security (DHS) Secretary Alejandro Mayorkas over the border crisis are gaining steam. Rep. Mark Green (R-Tenn.) is expected to introduce articles of impeachment against the official next week.

“Secretary Mayorkas has outdone himself yet again—never have we seen such catastrophic numbers, even with historically high encounter numbers on his watch,” he said in a statement. “December’s numbers serve as more undeniable proof that Secretary Mayorkas must be impeached.

“This staggering number of encounters at our borders only happens by design and a willful refusal to comply with the laws passed by Congress.”

END

How on earth could the Republicans authorize such a deal?

(Mish Shedlock/Mishtalk)

Biden’s Trojan Horse Immigration Deal Would Allow Another 1.8 Million Migrants

TUESDAY, JAN 30, 2024 – 02:45 PM

Authored by Mike Shedlock via MishTalk.com,

Republican Senators are willing to sell the farm for what would be a terrible deal even if Biden elected to honor the terms…

CBS reports Biden and senators on verge of striking immigration deal aimed at clamping down on illegal border crossings

Trojan Horse Deal Details

The agreement is expected to give the executive branch a new legal authority to effectively suspend asylum in between official ports of entry when migrant crossings surpass certain thresholds.
The power, which Mr. Biden referred to as an authority to “shut down the border” on Friday, would be mandated after average daily migrant crossings hit 5,000 over seven days, or 8,500 in a single day.
It could also be activated on a discretionary basis after average daily crossings surpass 4,000 in a week.
There would also be a limit on the number of days each year the president could invoke the authority.

1: Biden already the authority to secure the border. He has no interest in doing so or he would have already done so. The administration even ripped open holes in the razor wire fence that Texas erected. If that’s not a come on in message, what is?

2: Has anyone done the math on this? 5,000 a day for 365 days is 1,825,000. There’s your trojan horse right there. We already know what’s inside.

3: Point three is a joke. What’s with this “could” stuff as if Biden would actually do it. Besides, does anyone expect a legitimate count?

4. Point four is an even bigger joke. It would limit the number of days Biden could shut the border even if he wanted to.

Huge Irony of the Deal

The irony of the deal is that the flip side is over a hundred billion in additional spending on Ukraine and Israel that should not be spent at all.

And there’s still more. Here’s bonus point five.

“While the proposal negotiated by the White House and lawmakers would penalize those who enter the U.S. illegally, it would preserve asylum at official ports of entry. In fact, it would require U.S. border officials to continue processing more than 1,400 asylum-seekers daily at these official border crossings when the “shutdown” authority is invoked, sources told CBS News.“

And how does this miracle happen? Here’s bonus point six.

“All the provisions being negotiated would require an enormous surge in personnel and resources, including detention facilities and deportation flights, to be implemented. The Biden administration has asked for $14 billion to fund border operations and hire additional asylum officers, border agents and immigration judges.”

Well, not to worry. The amazing deal Republicans negotiated would only allow 5,000 * 31 In January, March, May, July, October, and December.

My math says that’s 155,000 in those months and 150,000 in the rest except February.

What Republican dimwits negotiated these terms? These clowns are so desperate for money for Ukraine and Israel they will sign anything.

The House should kill this bill outright. But if Johnson puts it to a vote it will sail because every Democrat will back it, laughing all the way.

Denver Health at “Critical Point” as 8,000 Migrants Make 20,000 Emergency Visits

The Denver hospital system is turning away local residents because it is flooded with migrant visits.

Meanwhile, please note Denver Health at “Critical Point” as 8,000 Migrants Make 20,000 Emergency Visits

Texas Showdown

In Texas, the Supreme Court Lets Feds Cut Abbott’s Razor Wire

The swing vote, Justice Amy Coney Barrett, is a Trump nominee. Expect to hear calls of “traitor”.

There is one way to decide this issue. Vote out Biden. The ruling does help Trump.

Meanwhile, the floodgates are open.

Sanctuary Cities Seek More Money for Migrants, But is Money the Problem?

On December 30, I asked Sanctuary Cities Seek More Money for Migrants, But is Money the Problem?

I suspect you know the answer to this one. If not here it is. The more money we throw at this problem, the worse it will get.

By the way, if you have not figured this out, it’s very inflationary.

end

We told you that this would happen after their labour deal; massive layoffs

(zerohedge)

Just Months After “Massive Labor Deal,” UPS Announces Massive Layoffs

TUESDAY, JAN 30, 2024 – 10:25 AM

How it started: The most pro-union president in history, President Biden, applauded Teamsters and logistics company United Parcel Service last summer for agreeing on a new labor contract that would significantly boost pay.

How it’s going:

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Five months after unionized UPS workers ratified a massive five-year labor deal that included massive pay bumps (read: here), the logistics company announced on Tuesday morning that 12,000 jobs, or about 14% of its 85,000 management jobs, would be cut.

Chief Executive Officer Carol Tomé was quoted on an earnings call by Bloomberg as saying job reductions were due to sliding package demand and soaring union labor costs. She said the layoffs would save the company about $1 billion this year.

“2023 was a unique and difficult year and through it all we remained focused on controlling what we could control, stayed on strategy and strengthened our foundation for future growth,” Tomé wrote in a statement.

Fourth-quarter sales and 2024 guidance fell short of average analysts’ estimates due to higher labor costs and slowing package demand.

Also, “UPS is seeking alternative strategies for its truck brokerage business, which has seen sales plummet amid a freight recession marked by declining rates and overcapacity,” Bloomberg pointed out.

Following the labor deal with the International Brotherhood of Teamsters and UPS, delivery drivers had some of the “richest national contracts” ever, according to Teamsters General Secretary-Treasurer Fred Zuckerman.

Thousands of UPS drivers are about to find out what the natural end result of unionized negotiated raises in a free market means for their employment. This is one development the Biden administration will ignore – and or be forced to deflect blame.

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

END

FREIGHT ISSUES/USA

END

VICTOR DAVIS HANSON

END

SWAMP STORIES

Par for the course

US Caught Known Terrorist At The Border, Then Let Him Go Due To Clerical Error

MONDAY, JAN 29, 2024 – 10:00 PM

An unnamed individual identified only as a member of the Somali terror group al-Shabaab, was caught crossing illegally into the United States at the San Ysidro, California border on March 13, 2023, then released into the United States, where he roamed freely for nearly a year before he was arrested days ago in Minnesota, the Daily Caller reports, citing an anonymous source.

The Terrorist Screening Center “deemed him a ‘mismatch’” after running his name through the terror watchlist, according to the memo, which was sent to Immigration and Customs Enforcement (ICE) officials.

However, on January 18, 2024, the Terrorist Screening Center “made a redetermination” that the individual was “a confirmed member of al-Shabaab” and was involved in the use, manufacture or transport of explosives or firearms, the memo states. Two days later, ICE nabbed the al-Shabaab member in Minneapolis, Minnesota.

In 2023 the Border Patrol caught 172 suspects from the terror watchlist attempting to enter the US illegally. According to former DHS officials, the constant deluge of illegal migrants through the southern border has made it easier for bad actors to enter the country.

“Many within the Biden administration, including Secretary Mayorkas, have repeatedly assured us that the vetting process at the border is comprehensive and complete,” said retired ICE field director John Fabbricatore, who now sits on the board of the Immigration Center for Enforcement (NICE).

“However, we continue to witness alarming instances where terrorists are able to freely roam the United States for months after being released at the border before their criminal and terrorist histories come to light.”

According to the report, 50 individuals on the terror watchlist were caught between October and December of last year alone. For comparison, there were 30 such encounters between 2017 and 2020.

“This situation is greatly endangering our nation, and it is clear that our safety is dependent on enforcing our immigration laws and securing the border,” Fabbricatore said.

The Border Patrol is authorized to hold migrants in custody for up to 72 hours, however it often takes much longer to complete a background check, he continued.

“The overburdening of the Border Patrol with the excessive amounts of illegal border crossers has forced faster processing times, which doesn’t allow for a more vigorous initial investigation into a migrants background. The background checks currently being run only initially search out criminal history in the United States, not outside its borders. It could take days, weeks, or months to connect derogatory information coming from other databases.”

Read the rest here

END

The Judge, Lew Kaplan did not disclose the relationship with the Carroll’s lawyer. He should have recused himself from the case.

(zerohedge)

In Bizarre Outburst, E. Jean Carroll Goes Full “Price Is Right” Over How She’ll Spend “Trump’s Money”

TUESDAY, JAN 30, 2024 – 10:40 AM

Following a bombshell $83.3 million award against Donald Trump, his rape accuser E. Jean Carroll, whose case was bankrolled by his enemies, couldn’t remember basic facts of her own claim, once described rape as “sexy,” and whose “off the rails” tweets weren’t allowed to be shown to the jury – just put on an absurd display.

When asked by MSNBC‘s Rachael Maddow on Monday night how she’ll spend “Trump’s money” to help “women’s rights,” Carroll did her best impression of a “Price is Right” winner – like rape victims do, telling Maddow: “First thing Rachel, you and I are gonna go shopping, we’re gonna get completely new wardrobes, new shoes…Rachel what do you like, Penthouse? You want France? You wanna go fishing in France? It’s yours Rachel.”

Her lawyer then nervously interjected: “That’s a joke.”

“If me fishing in France could do something for women’s rights, I would take the hit,” Maddow joked back.

Watch:

https://platform.twitter.com/embed/Tweet.html?dnt=false&embedId=twitter-widget-0&features=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%3D%3D&frame=false&hideCard=false&hideThread=false&id=1752168471687729594&lang=en&origin=https%3A%2F%2Fwww.zerohedge.com%2Fpolitical%2Fbizarre-outburst-e-jean-carroll-goes-full-price-right-over-how-shell-spend-trumps-money&sessionId=98709b45a72494b1ef0a85eecc7735f6c072698d&siteScreenName=zerohedge&theme=light&widgetsVersion=2615f7e52b7e0%3A1702314776716&width=550px

https://platform.twitter.com/embed/Tweet.html?dnt=false&embedId=twitter-widget-1&features=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%3D%3D&frame=false&hideCard=false&hideThread=true&id=1752176184413081613&lang=en&origin=https%3A%2F%2Fwww.zerohedge.com%2Fpolitical%2Fbizarre-outburst-e-jean-carroll-goes-full-price-right-over-how-shell-spend-trumps-money&sessionId=98709b45a72494b1ef0a85eecc7735f6c072698d&siteScreenName=zerohedge&theme=light&widgetsVersion=2615f7e52b7e0%3A1702314776716&width=550px

Earlier Monday, Carroll joked about turning Trump Tower into an animal sanctuary during a Monday morning interview on CNN, before snapping back to the ‘women’s rights’ script:

https://platform.twitter.com/embed/Tweet.html?dnt=false&embedId=twitter-widget-

H/T Modernity.news

Steven

@SirStevenKJ

The joke is going to be on her when Trump appeals it and wins.

9:54 PM · Jan 29, 2024

Speaking of appeals…

Trump’s attorney said in a new filing that they had discovered a connection between E. Jean Carroll’s lawyer and the judge in the case, citing a bombshell from the NY Post.

A jury awarded Carroll $83.3 million in damages from Trump last week, before The Post learned from sources that Manhattan federal Judge Lewis Kaplan was once a “mentor” to Carroll’s lawyer Roberta Kaplan (no relation), when they worked together in the early 1990s at the Paul, Weiss, Rifkin, Wharton & Garrison law firm in Midtown.

“If Your Honor truly worked with Ms. Kaplan in any capacity — especially if there was a mentor/mentee relationship — that fact should have been disclosed before any case involving these parties was permitted to proceed forward,” Habba wrote in a letter to the judge.

“This issue is particularly concerning since Plaintiff’s other lead counsel, Shawn Crowley, served as Your Honor’s law clerk, and we were previously advised that Your Honor co-officiated her wedding.” –NY Post

https://www.scribd.com/embeds/702316163/content?start_page=1&view_mode=scroll&access_key=key-SYIBIG3y6GX4QXFADK6B

And then of course there’s all those tweets Trump’s team wasn’t allowed to show…

Don’t go spending “Trump’s money” just yet, Jean…

THE KING REPORT

The King Report January 30, 2024 Issue 7169

Independent View of the News

ESHs opened sharply lower on Sunday night due to escalating tensions between the US and Iran. However, the usual suspects eagerly and aggressively bought ESHs for the expected Monday Rally, the Fed Week Rally, and the heart of Fang reporting season. ESHs steadily rallied until they hit 4924.25 at 10:20 ET. After a 12-handle dip, the rally for the European close commenced. ESHs continued higher with only two minor interruptions until ESHs went vertical when the final hour arrived. ESHs soared to 4956.00 at 15:26 ET. ESHs fell 11 handles and then jumped 10 handles higher into the close. Equity traders are clearly incontinently jiggy for stocks! Middle East is now as dangerous as it’s been in decades, (“since at least 1973”) US secretary of state says https://www.cnn.com/middleeast/live-news/israel-hamas-war-gaza-news-01-29-24/index.html Due to decades of conditioning, a critical mass of traders ignore negative fundamentals to play the rallies for Monday, Fed Week, and Fang results. Monday’s explosive rally clearly evinces this! USHs and gold rallied sharply on safe-haven buying; but oil and gasoline declined sharply. Someone aggressively sold WTI Oil futures from the opening surge on Sunday night until 14:15 ET. Who would do such a thing with the Middle East on boil? Qui bono? USHs jumped higher on the following: US Treasury Cuts Quarterly Borrowing Estimate to $760 Billion – BBG (It’s a recurring scam!) Jay Barry, co-head of US rates strategy at JP Morgan… had predicted an $855 billion net borrowing figures for this quarter, assuming a $750 billion cash balance at the end of the period… The US Treasury also cut its Q3 borrowing forecast to $776B even though US public debt jumped from $33.167T ($834B) on Sept. 30, 2023 to $34.001T on Dec 31, 2023. Looks like a scam to juice bonds! US Treasury cuts Oct-Dec borrowing estimate to $776 bln, yields ease October 30, 2023 During the July – September 2023 quarter, Treasury borrowed $1.010 trillion in privately-held net marketable debt and ended the quarter with a cash balance of $657 billion. In July 2023, Treasury estimated borrowing of $1.007 trillion and assumed an end-of-September cash balance of $650 billion. https://www.reuters.com/markets/us/us-treasury-borrow-776-billion-q4-2023-10-30/ @Convertbond: White Lies – US Treasury *Treasury often misjudges the borrowing needs on a quarterly basis. There was no risk for Team Janet to put out a low number even if they didn’t hit it because they can always issue more bills later. (Table of Treasury borrowing forecasts vs actual borrowings at link) https://twitter.com/Convertbond/status/1752076250439418360 @zerohedge: The Treasury has issued $134BN in debt in the past 4 weeks, but expects to issue $202BN in all of Q2. Is Biden doing the math for the TBAC? Dallas Fed: Texas manufacturing activity contracts in January The production index… dropped 17 points to -15.4—its lowest reading since mid-2020… The new orders index ticked down from -10.1 to -12.5 in January… The capacity utilization index dropped to a multiyear low of -14.9, and the shipments index slipped 11 points to -16.6. Perceptions of broader business conditions continued to worsen in January. The general business activity index fell from -10.4 to -27.4, and the company outlook index fell from -9.4 to -18.2. The outlook uncertainty index held fairly steady at 20.9. Labor market measures suggested employment declines and shorter workweeks in January. The employment index moved down seven points to -9.7, its lowest reading since mid-2020. Fourteen percent of firms noted net hiring, while 23 percent noted net layoffs. The hours worked index came in at -11.8 after a near-zero reading last month. Wage and input costs continued to increase this month, while selling prices were flat. The wages and benefits index edged down to 20.8, in line with its average reading. The raw materials prices index inched up to 20.2… https://www.dallasfed.org/research/surveys/tmos/2024/2401 @Jkylebass: China’s largest developer headed into liquidation with ($333 billion in debt)…Evergrande’s $17 billion in USD bonds trading below a penny; equity was halted at 16c. Total system wipeout as its CEO is also under police control. China’s so-called ‘miracle’ was just a mirage. @bennyjohnson: Biden Treasury Secretary Janet Yellen: “I think most Americans know that prices are not likely to fall. It’s not the Fed’s object to try to push the level of prices back to where they were.” https://twitter.com/bennyjohnson/status/1751979494812889500 White House Spokesman Says Biden ‘Not Looking for War with Iran’ as Republicans Demand Harsh Retaliation for Strike https://www.nationalreview.com/news/white-house-spokesman-says-biden-not-looking-for-war-with-iran-as-republicans-demand-harsh-retaliation-for-strike/ Positive aspects of previous session Stocks rallied robustly on the Monday, Fed Week, and Fang results Rallies (NY Fang+ Index +1.64%) Bonds rallied sharply on safe-haven buying and the Treasury’s low-balling auction forecast scheme Oil and gasoline tumbled on persistent but highly suspicious selling Negative aspects of previous session Due to decades of conditioning, equity types ignore fundamentals – until a violent readjustment appears The US Treasury is blatantly manipulating the debt market to garner low borrowing rates Ambiguous aspects of previous session How long can the Treasury and others manipulate markets to benefit Biden’s reelection? The S&P 500 closed at an all-time high, the 6th in the last 7 trading days. Are equities overbought? First Hour/Last Hour Action [S&P 500 Index]: 1st Hour from NYSE Open: Up; Last Hour: Up Pivot Point for S&P 500 Index [above/below indicates daily trend to traders]: 4914.88 Previous session S&P 500 Index High/Low: 4929.31; 4887.40 @WSJ: The U.S. failed to stop a deadly attack on a military outpost in Jordan when air defenses confused an enemy drone with a U.S. drone, U.S. officials said (Vets say BS!) https://on.wsj.com/3OkUFlQ Daily Mail: Joe Biden’s migrant crisis makes a US terrorist attack ‘imminent’ because of ‘military-aged men’ streaming across Texas-Mexico border, former FBI and Homeland Security top brass warn in chilling letter https://t.co/RC3lrrmJSh Today – With the Monday Rally out of the way, equity types will remain euphoric because this is Fed Week and the zenith of Fang results. Microsoft and Google report today; Meta, Apple, and Amazon report on Thursday. The rally for earnings season usually peaks near the release of Apple’s results. Yes, Virgina, in a rational, normal world, escalating Middle East tensions with Iran-sponsored attacks on US forces proliferating due to Russia prodding Iran to torment the US as retaliation for aiding Ukraine, and an addled old fool as POTUS, would crush equity prices. However, as explained above, decades of conditioning will keep equity types jiggy until they are severely punished. As John Maynard Keynes said: “The markets can stay irrational longer than you can stay solvent!” PS – With equity indices soaring to series of new highs and bonds rallying sharply, how can the Fed cut rates with financial conditions continuing to ease after the historic November-December easing? Yes, Virginia, the zeal and necessity to keep Trump out of the White House supersedes everything! Expected Economic Data: Nov FHFA House Price Index 0.3% m/m; Nov S&P CoreLogic 20-City house prices 0.45% m/m & 5.65% y/y; Jan Conference Board Consumer Confidence 114; Dec JOLTS Job Openings 8.709m Expected earnings: MPC 2.88, PFE -.21, PHM 3.22, HCA 5.3, UPS 2.44, DHR 1.89, GM 1.17, AMD .77, MSFT 2.78, CB 5.10, GOOGL 1.60, SBUX .93, MDLZ .78, ESHs hit -5.00 on reports that Biden will strike Iran-related targets ASAP. ESHs are +2.50 at 20:15 ET. S&P Index 50-day MA: 4696; 100-day MA: 4516; 150-day MA: 4501; 200-day MA: 4427 DJIA 50-day MA: 36,866; 100-day MA: 35,341; 150-day MA: 35,143; 200-day MA: 34,762 (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 4583.55 triggers a sell signalDaily: Trender and MACD are positive – a close below 4830.72 triggers a sell signal Hourly: Trender and MACD are positive – a close below 4891.99 triggers a sell signal NYT: Inside Biden’s Anti-Trump Battle Plan (and Where Taylor Swift Fits In) Watching Donald Trump ascend, the newly energized Biden campaign is aiming to make the general election all about him. It’s also hoping for some big endorsements… Polling shows that some of the Black, Latino, young and suburban voters who lifted him to victory in 2020 have since turned on him, in part over misgivings about his age, economic record and support for Israel… The biggest and most influential endorsement target is Ms. Swift, 34, the pop sensation and N.F.L. enthusiast, who can move millions of supporters with an Instagram post or a mid-concert aside. She endorsed Mr. Biden in 2020 and, last year, a single Instagram post of hers led to 35,000 new voter registrations… https://www.nytimes.com/2024/01/29/us/politics/biden-trump-election-taylor-swift.html Vivek Ramaswamy claims Super Bowl will be rigged for Chiefs to set the stage for Taylor Swift’s Biden endorsement – Buzz around Swift endorsing Biden has gotten so intense that Biden’s campaign team urged applicants for an open social media position not to describe their strategy to recruit Swift, who has more than 279 million followers on Instagram… https://trib.al/3luvkKF @VivekGRamaswamy: What the MSM calls a “conspiracy theory” is often nothing more than an amalgam of incentives hiding in plain sight. Once you see that, the rest becomes pretty obvious. @elonmusk: Exactly White House press secretary shakes off Taylor Swift-Joe Biden question by invoking Hatch Act https://trib.al/1rBKdy8 “The best argument against democracy is a five-minute conversation with the average voter.” – Churchill @bennyjohnson: (WH Press Sec.) KJP: “Our deepest condolences go out to those three folks who are military folks who are brave who are always fighting, who were fighting on behalf of this administration…” https://twitter.com/bennyjohnson/status/1751978216535781849 @RealJamesWoods: This ditzy dame is utterly repulsive on a daily basis, but for her to promote the notion that our fallen warriors were “fighting on behalf of this administration” is a new low I never imagined even she could sink to. @CitizenFreePres: Nikki Haley calls for strikes on Iran: “It’s not starting war; it’s actually preventing war.” (Jamie Dimon’s preferred genius!) https://twitter.com/CitizenFreePres/status/1751992550762651971 AOC, White House jump to UNRWA’s defense despite damning report of roles in Oct. 7 massacre https://t.co/bgN29O9hdn @EndWokeness: (Dem Rep.) Ilhan Omar tells a crowd of Somalians that her top priority is to put Somalia first and expand its territory. “The US government will do what we want, nothing else. They must follow our orders. That is how we safeguard the interest of Somalia.” https://twitter.com/EndWokeness/status/1751735862369346026 Terrorist Caught Illegally Crossing the Border Was Allowed to Roam Free for Nearly a Year, Memo Says – The unnamed individual, who the memo only identifies as a member of the Somali terror group al-Shabaab, was released shortly after being caught illegally crossing the southern border near San Ysidro, California on March 13, 2023… ICE nabbed the al-Shabaab member in Minneapolis, Minnesota… https://dailycaller.com/2024/01/29/exclusive-terrorist-caught-illegally-crossing-border-allowed-roam-free-nearly-year-memo-says/ Elon Musk says first human implanted with Neuralink brain-chip https://trib.al/Flxm5lS @mcuban: I’ve never hired anyone based exclusively on race, gender, religion. I only ever hire the person that will put my business in the best position to succeed. And yes, race and gender can be part of the equation. I view diversity as a competitive advantage… @andrealucasEEOC: @mcuban, EEOC Commissioner here. Unfortunately, you’re dead wrong on black-letter Title VII law. As a general rule, race/sex can’t even be a “motivating factor”—nor a plus factor, tie-breaker, or tipping point. It’s important employers understand the ground rules here. Mark Cuban was stumping for DEI and the head of the US Equal Employment Opportunity Commission body slammed him! https://notthebee.com/article/mark-cuban-was-for-dei-hires-and-said-race-and-gender-can-be-a-part-of-the-equation–the-head-of-the-us-equal-employment-opportunity-commission-just-said-hes-dead-wrong @CollinRugg: Nancy Pelosi gets in a shouting match with protesters outside her home in San Francisco and tells them to “go back to China.” “Go back to China where your headquarters is,” she was heard saying. The incident came just one day after Pelosi floated the idea that pro-Palestine protesters were paid for by Russia and called for an investigation. Now she is telling protesters to go back to China. This woman has lost it. https://twitter.com/CollinRugg/status/1752050028171169858
Navy drops high school diploma requirement to help meet recruitment goals https://www.yahoo.com/news/navy-drops-high-school-diploma-162129900.html If the US resumes ‘the draft’, how will it handle females? “Wars are not won by fighting battles; wars are won by choosing battles.” – Gen. George Patton

END

GREG HUNTER

SEE YOU ON WEDNESDAY

SHANGHAI GOLD (USD) FUTURES – QUOTE

SHANGHAI GOLD OVER COMEX; 38 DOLLARS

GOLD: NUMBER OF NOTICES FILED FOR JAN/2024. CONTRACT: 510 NOTICES FOR 51000 OZ or 1.5863 TONNES

total notices so far: 7300 contracts for 730,000 Oz (22.706 tonnes)

FOR JANUARY:

SILVER NOTICES 83 NOTICE(S) FILED FOR 415,000 OZ/

total number of notices filed so far this month : 1350 for 6,750,000 oz

GATA’s Steer talks silver deficit, China’s gold accumulation, and confiscation

With 40,000 tonnes, China can trigger a weaponized gold revaluation at any time, Maguire says

Futures Dip As Megacap Earnings Begin: Microsoft And Alphabet On Deck

European bourses firmer & Bunds lower post-EZ data; US JOLTs & Earnings from GOOG & MSFT due – Newsquawk US Market Open

EUROPEAN TRADE

EQUITIES

FX

FIXED INCOME

COMMODITIES

EARNINGS

GEOPOLITICS

CRYPTO

APAC TRADE

Evergrande, the massive Chinese real estate developer with $300 billion in debt, is ordered to liquidate by a Hong Kong court

Insolvency experts warn: More than 47,000 U.K. businesses on “brink of collapse” as global economy crumbles

82% of U.K. economy recorded double-digit percentage growth in financial distress

Hamas ‘studying’ Gaza hostage deal, Haniyeh says after reports of rejection

In Washington US Secretary of State Antony Blinken said that the proposal handed to Qatar, “was a strong one and a compelling one that offers some hope.”

The initial plan for hostage release deal

Why pro-Iran media is worried about Israel and Gaza’s Philadelphi Corridor – analysis

Currently, Hamas controls the area along the Egyptian border, and this remains one of the last Hamas strongholds in Gaza.

Unclear what will come next, but Iran may try to inflame

IDF destroys launchers that fired rockets at Tel Aviv, central Israel

The IDF troops operated in the central and northern parts of the strip as well as Khan Yunis.

The operations weren’t limited to Khan Yunis

‘Moment Of No Return’ Imminent As Biden Has ‘Decided’ On Response, Says Iran Supplied Weapons Used In Attacks

Israeli commandos, dressed as doctors, foil terror attack in Jenin hospital

The Israeli commando forces entered the hospital dressed as doctors and nurses, as seen in CCTV footage shared on social media.

‘Planned to carry out October 7-inspired attack’

Hamas’s use of hospitals as bases of terror

WHO do they think they are? Meryl Nass explains the bio-fascist order that they plan to force on all the world; and James Roguski tells us how to STOP them

They’re using the phantasm of a horrible new plague to wipe out national sovereignty & human rights—not for a finite lockdown, as in 2020, but forever, with dissidence an outright criminal offense

You kill Americans or American forces, we must devastate you! By, air, by land, by sea, we are coming, whatever it takes! Obama & Biden always sought to give Iran technology & capacity to attack US

& Israel, that was Obama (the shia islamic follower) & his Iran aims, do not forget it’s not only these 3 soldiers, its the 2 Navy seals etc.; Obama gave Iran the drone & naval gun boat technology!

IGOR CHUDOV excellent scholarship again, showing what we have known now for 3 years now, that Excess Mortality is Positively Associated With COVID Vaccination Rates; see 2023 data by Igor

The pattern of positive association of excess mortality with COVID vaccination rates continued in 2023, contradicting the thesis that “COVID vaccines save lives.” It is statistically significant

see below: How over-amplified PCR process was used with deceit of asymptomatic spread to drive creation of a fake fraud non-COVID pandemic; COVID was never a pandemic & we were always immune; they

created a pandemic out of nothing & in so doing, drove hysteria, fear, panic & complaceny & acceptance of masks, lockdowns & vaccines that the body of evidence shows never ever worked! Nothing worked

False-positive PCR process used to create a fake pandemic

Legacy of Malone, Bourla, Bancel, Kariko, Weissman, Sahin et al. mRNA technology & vaccine; my friend’s son, 26, 3 shots, massive myocarditis, destroyed heart near instant; got urgent transplant

new heart, 1 year constant myocarditis, now may lose this heart, so not good, maybe game is over; doctor on transplant team said the mRNA vaccine has done this; spike produced 24/7 even on new heart

‘2 masked islamic ISIS males kill a person in attack on Catholic church in Istanbul. Officials detain 2 ISIS members’; be warned, coming to America & infact IN America, Biden & Obama let Obama’s

islamic brothers in (and sisters cough cough Tashfeen et al.), they are here, islamic jihadists & I argue there WILL be a mass terror attack on US soil before elections; not IF, but WHEN; BATACLAN

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

Biden’s Bumbling LNG ‘Ban’ Profits Putin, Vexes Texas, And Unsettles Europe

Yields JOLTed Higher, Stocks Lower Ahead Of Fed/Treasury

US Home Prices Rose For 10th Straight Month In November, But Gains Slow Significantly

Conference Board Confidence ‘Revised’ Lower For 3rd Straight Month, Present Situation At Pre-COVID-Lockdown Highs

Texas Is ‘Prepared’ If Biden Federalizes State National Guard: Gov. Abbott

Supporting Texas

Biden’s Trojan Horse Immigration Deal Would Allow Another 1.8 Million Migrants

Trojan Horse Deal Details

Huge Irony of the Deal

Denver Health at “Critical Point” as 8,000 Migrants Make 20,000 Emergency Visits

Texas Showdown

Sanctuary Cities Seek More Money for Migrants, But is Money the Problem?

Just Months After “Massive Labor Deal,” UPS Announces Massive Layoffs

US Caught Known Terrorist At The Border, Then Let Him Go Due To Clerical Error

In Bizarre Outburst, E. Jean Carroll Goes Full “Price Is Right” Over How She’ll Spend “Trump’s Money”

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