MARCH 25 BLOG/GOLD CLOSED UP $17.05 TO $2175.60//SILVER CLOSED UP $8 CENTS TO $24.76//PLATINUM CLOSED UP $9.80 TO $906.40/WHILE PALLADIUM CLOSED UP $10.45 TO $1007.40//GOLD COMMENTARY TODAY BY PETER SCHIFF//JAPAN STATES THAT IT WILL DEFEND THE VALUE OF ITS CURRENCY IN LIGHT OF NEW POLICY ON INTEREST RATES//ISRAEL VS HAMAS/ISRAEL VS HEZBOLLAH//WEST BANK UPDATES//ISRAEL NABS 800 TERRORISTS INSIDE THE SHIFA HOSPITAL//RUSSIA CAPTURES 4 OF THOSE TERRORISTS PLUS 11 OTHERS IN CONNECTION WITH THE SLAUGHTER OF 137 RUSSIANS AND MANY INJURIED//RUSSIA VOWS REVENGE/COVID UPDATES/VACCINE INJURY REPORTS//DR PAUL ALEXANDER //SLAY NEWS ETC//OIL PRICES RISE (COMMENTARY)//TRUMP ONLY HAS TO PAY 150 MILLION INSTEAD OF 454 MILLION AS APPEALS COURT REDUCES THAT HE MUST PAY IN ORDER TO APPEAL ENGORON’S DECISION IN NEW YORK.//JORDON SUPOENAS BIDEN GHOSTWRITER//NEW HOME SALES PLUMMET///SWAMP STORIES FOR YOU TONIGHT

March 25, 2024 · by · in Uncategorized · Leave a comment

GOLD PRICE CLOSED UP $17.05 TO $2175.60

SILVER PRICE UP 8 cents TO $24.74

Gold ACCESS CLOSED $2171.45

Silver ACCESS CLOSED: $24.68

Bitcoin morning price:$66,911 UP 3326 DOLLARS.

Bitcoin: afternoon price: $63,585 DOWN 1213 dollars

Platinum price closing  UP $9.80 TO $906.40

Palladium price; UP $10.45 AT $1007.40

END

SHANGHAI GOLD PREMIUM 44 DOLLARS/COMEX GOLD

SHANGHAI GOLD………

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

4: 15 PM ACCESS

*CANADIAN GOLD: $2,949.78 UP $3/30 CDN dollars per oz( * NEW ALL TIME HIGH 2,952.07CDN DOLLARS PER OZ//MARCH 21 2024)

*BRITISH GOLD: 1717.99 DOWN 0.18 pounds per oz// *(NEW ALL TIME HIGH//CLOSING///1724.34 BRITISH POUNDS/OZ) MARCH 21/2024

*EURO GOLD: 2003.24 DOWN 0.20 euros per oz //* (ALL TIME CLOSING HIGH: 2009.21 EUROS PER OZ//MARCH 11.2024)

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END

EXCHANGE: COMEX

EXCHANGE: COMEX
CONTRACT: MARCH 2024 COMEX 100 GOLD FUTURES
SETTLEMENT: 2,158.100000000 USD
INTENT DATE: 03/22/2024 DELIVERY DATE: 03/26/2024
FIRM ORG FIRM NAME ISSUED STOPPED

363 H WELLS FARGO SEC 6
435 H SCOTIA CAPITAL 2
661 C JP MORGAN 13
726 C CUNNINGHAM COM 1
737 C ADVANTAGE 4
905 C ADM 4

TOTAL: 15 15
MONTH TO DATE: 5,345

JPMORGAN STOPPED (RECEIVED) 51/61 CONTRACTS

FOR MARCH/2024

GOLD: NUMBER OF NOTICES FILED FOR MAR/2024. CONTRACT:  15 NOTICES FOR 1500 OZ  or  0.0466 TONNES

total notices so far: 5345 contracts for 534,500   Oz (16.625 tonnes)


FOR  MARCH:

SILVER NOTICES: 10 NOTICE(S) FILED FOR 50,000 OZ/

total number of notices filed so far this month : 5432  for 27,160,000 oz

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END

GLD/

BOTH GLD AND SLV ARE FRAUDULENT VEHICLES//THEY ARE NOW RAIDING GLD AND SLV FOR PHYSICAL

THE CROOKS ARE STEALING GOLD AND SILVER FROM THE GLD/SLV AND REPLACING THE PHYSICAL WITH PAPER DOLLARS.

WITH GOLD UP $17.05

INVESTORS SWITCHING TO SPROTT PHYSICAL  (PHYS) INSTEAD OF THE FRAUDULENT GLD/ :

HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A MASSIVE WITHDRAWAL OF 3.17 TONNES OF GOLD

/ /INVENTORY RESTS AT 835.33 TONNES

INVENTORY RESTS AT 835.33 TONNES

SLV//

WITH NO SILVER AROUND AND SILVER UP 8  CENTS  AT  THE SLV//

HUGE CHANGES IN SILVER INVENTORY AT THE SLV A HUGE DEPOSIT OF 1.189 MILLION OZ INTO THE SLV.:

// INVENTORY FALLS TO 421.022 MILLION OZ/

INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV.

CLOSING INVENTORY: 421.022 MILLION OZ

Let us have a look at the data for today

SILVER//OUTLINE

SILVER COMEX OI FELL BY A GOOD SIZED 498 CONTRACTS TO 159,038 AND FURTHER FROM  THE RECORD HIGH OI OF 244,710, SET FEB 25/2020 AND THIS SMALL SIZED LOSS IN COMEX OI WAS ACCOMPLISHED WITH OUR LOSS IN PRICE OF $0.09  IN SILVER PRICING AT THE COMEX ON FRIDAY. WE HAD ZERO LONG LIQUIDATION AT THE COMEX SESSION WITH AGAIN MAJOR SHORT COVERING DESPITE THE PRICE LOSS.  WE HAD A STRONG 425 T.A.S ISSUANCE AND THESE WILL BE USED FOR MANIPULATION LATER THIS MONTH/AS WELL AS TODAY. PLEASE NOTE THAT THE CROOKS NEED A HIGHER SILVER/GOLD T.A.S. TO CARRY ON THEIR CROOKED MANIPULATION ON A DAILY BASIS

CRAIG HEMKE HAS POINTED OUT THAT THE CROOKS USE THE MID MONTH FOR MANIPULATION AS THEY SELL THEIR BUY SIDE OF THE CALENDAR SPREAD FIRST AND THEN KEEP THE SELL SIDE TO LIQUIDATE AT A LATER DATE.  THUS WE HAVE TWO VEHICLES THE CROOKS USE FOR MANIPULATION AND BOTH ARE SPREADERS:  1) AT MONTH’S END/SPREADERS COMEX AND 2/ TAS SPREADERS, MID MONTH. TOTAL TAS ISSUED ON FRIDAY NIGHT: 425 CONTRACTS. DESPITE MANY COMPLAINTS THAT THE CROOKS HAVE VIOLATED POSITION LIMITS DUE TO THE FACT THAT THE TAS ISSUED HAVE A VALUE  OF ZERO (AS TO POSITION LIMITS FOR OUR CROOKED BANKERS). THE PROBLEM OF COURSE IS THAT THE CROOKS DO NOT LIQUIDATE THE TAS TOGETHER BUT SELL THE BUY SIDE FIRST AND THEN LIQUIDATE THE SELL SIDE TWO MONTHS HENCE. IT IS OBVIOUS MANIPULATION TO THE HIGHEST DEGREE BUT IT NATURALLY FELL ON DEAF EARS WITH OUR REGULATORS (OCC) WHEN THEY RECEIVED OUR COMPLAINTS. IT THUS LOOKS LIKE THE FED (GOV’T) IS BEHIND ALL OF THESE TRADES.

WE HAVE NOW SET ANOTHER RECORD LOW AT 114,102 CONTRACTS ///JULY 3.2023//  OUR BANKERS WITH THE HELP OF SPECULATORS AND HIGH FREQUENCY TRADERS WERE SUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT FELL BY $0.09),BUT WERE UNSUCCESSFUL IN KNOCKING ANY SILVER LONGS AS WE HAD A HUGE SIZED GAIN OF 826 CONTRACTS ON OUR TWO EXCHANGES DESPITE THE LOSS IN PRICE OF 9 CENTS.

WE  MUST HAVE HAD:

A HUGE SIZED 1070 ISSUANCE OF EXCHANGE FOR PHYSICALS) iiii) AN  INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 22.270 MILLION OZ (FIRST DAY NOTICE) FOLLOWED BY TODAY,S 25,000 OZ E..F.P.. JUMP TO LONDON

/NEW TOTALS INCREASES TO : 27.435 MILLION OZ

//NEW STANDING FOR SILVER IS THUS 27.435 MILLION OZ 

WE HAD:

/ SMALL SIZED COMEX OI LOSS/ HUGE SIZED EFP ISSUANCE/ VI)  STRONG  SIZED NUMBER OF  T.A.S. CONTRACT ISSUANCE 425 CONTRACTS)/

 I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL -REMOVED   257  CONTRACTS //

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

TOTAL CONTRACTS for 17 days, total 24,146 contracts:   OR 120.730 MILLION OZ  (1420 CONTRACTS PER DAY)

TOTAL EFP’S FOR THE MONTH SO FAR:  120.730 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 : 78.655 MILLION OZ//

FEB /2024 : 66.135 MILLION OZ./FINAL

MARCH: 120.730 MILLION OZ//WILL BE MUCH LARGER THIS MONTH//MAYBE CLOSE TO A RECORD ISSUANCE

RESULT: WE HAD A SMALL SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 244  CONTRACTS WITH OUR LOSS IN PRICE OF SILVER PRICING AT THE COMEX//FRIDAY.,.  THE CME NOTIFIED US THAT WE HAD A HUGE EFP ISSUANCE  CONTRACTS: 1070  ISSUED FOR MAY 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 MARCH. OF  23.385 MILLION  OZ ON FIRST DAY NOTICE FOLLOWED BY TODAY’S 25,000 OZ E.F.P. JUMP TO LONDON

//NEW TOTAL STANDING RISES TO 27.435 MILLION OZ 

WE HAVE A HUGE GAIN OF 826 OI CONTRACTS ON THE TWO EXCHANGES DESPITE THE LOSS IN PRICE. THE TOTAL OF TAS INITIATED CONTRACTS TODAY: A STRONG SIZED 425 CONTRACTS//HUGE FRONT END OF THE TAS CONTRACTS WERE LIQUIDATED DURING THE FRIDAY  COMEX SESSION/// WITH MAJOR SHORT COVERING FROM OUR SPEC SHORTS 

THE NEW TAS ISSUANCE FDIDAY NIGHT   (425) WILL BE PUT INTO “THE BANK” TO BE COLLUSIVELY USED AT A LATER DATE//PROBABLY TODAY., .

WE HAD 10 NOTICE(S) FILED TODAY FOR 50,000   OZ

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

GOLD//OUTLINE

IN GOLD, THE COMEX OPEN INTEREST FELL BY A STRONG SIZED 10,267 CONTRACTS  TO 528,468 AND FURTHER FROM THE RECORD (SET JAN 24/2020) AT 799,733  AND  PREVIOUS TO THAT: (SET JAN 6/2020) AT 797,110, BUT WE ARE NOW CLOSER TO OUR ALL TIME LOW OF 390,000 CONTRACTS.

THE DIFFERENTIAL FROM PRELIMINARY OI TO FINAL OI IN GOLD TODAY: REMOVED 58 CONTRACTS

WE HAD A STRONG SIZED DECREASE  IN COMEX OI (10,209 CONTRACTS) WITH OUR $23.75 LOSS IN PRICE//FRIDAY. THE BANKERS WERE FORCED TO SUPPLY THE NECESSARY SHORT PAPER TO CONTAIN GOLD’S RISE.WE ALSO HAD A RATHER LARGE INITIAL STANDING IN GOLD TONNAGE FOR MARCH. AT 10.270 TONNES ON FIRST DAY NOTICE FOLLOWED BY TODAY’’S QUEUE JUMP OF 600 OZ.

NEW TOTAL Of INITIAL GOLD STANDING RISES TO: 18.668 TONNES // ALL OF THIS HAPPENED WITH OUR $23.75 LOSS IN PRICE  WITH RESPECT TO FRIDAY’S TRADING. WE HAD  A STRONG SIZED LOSS  OF 5852 OI CONTRACTS (18.202) PAPER TONNES) ON OUR TWO EXCHANGES.

E.F.P. ISSUANCE

THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A STRONG SIZED 4415 CONTRACTS:

The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 528,468

IN ESSENCE WE HAVE A STRONG SIZED DECREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 5852 CONTRACTS  WITH 10,267  CONTRACTS DECREASED AT THE COMEX// AND A STRONG SIZED 4415 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS  TOTAL OI LOSS ON THE TWO EXCHANGES OF 5852 CONTRACTS.. WE HAD THE FOLLOWING TAS CONTRACTS INITIATED (ISSUED): A STRONG SIZED 5852 CONTRACTS,

CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES

WE HAD A STRONG SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (4415 CONTRACTS) ACCOMPANYING THE STRONG SIZED LOSS IN COMEX OI (10,267) //TOTAL LOSS FOR OUR THE TWO EXCHANGES: 5794 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 MARCH. AT 7.502 TONNES FOLLOWED BY TODAY’S QUEUE JUMP OF 0.01867 TONNES/NEW STANDING ADVANCES TO 18.862 TONNES.

 / 3) SOME LONG LIQUIDATION //  4)  STRONG SIZED COMEX OPEN INTEREST LOSS/ 5)  STRONG ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER///6: GOOD T.A.S.  ISSUANCE: 4141 CONTRACTS//SOME SHORT COVERING AGAIN

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

MARCH

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

TOTAL EFP CONTRACTS ISSUED: 92,387 CONTRACTS OR 9,238,700 OZ OR 287.36 TONNES IN 17 TRADING DAY(S) AND THUS AVERAGING: 5434  EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE  SIZE OF THESE EFP TRANSFERS :  THIS MONTH IN 17 TRADING DAY(S) IN  TONNES  287.36 TONNES

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

THUS EFP TRANSFERS REPRESENTS  287.36/3550 x 100% TONNES  8.08% 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:     291.76 TONNES (WILL BE MUCH GREATER THAN LAST MONTH.//3RD HIGHEST EVER RECORDED EXCHANGE FOR PHYSICAL)

FEB’24: 201.947 TONNES

MARCH 2024: 287.36 TONNES//THIS IS GOING TO BE ONE HUMDINGER OF AN E,F,P. ISSUANCE.

SPREADING OPERATIONS

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

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

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

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

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

1.Today, we had the open interest at the comex, in SILVER FELL BY A STRONG SIZED 498  CONTRACTS OI  TO 159,536 AND FURTHER FROM 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  6 YEARS AGO.  HOWEVER WE HAVE NOW SET A NEW RECORD LOW OF 114,102 CONTRACTS JULY 3.2023

EFP ISSUANCE  1070  CONTRACTS

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

MAY 1070   and ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 1070  CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON.  IF WE TAKE THE  COMEX OI LOSS  OF 498 CONTRACTS AND ADD TO THE 1070 E.FP. ISSUED

WE OBTAIN A STRONG SIZED GAIN OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES OF 572 CONTRACTS

THUS IN OUNCES, THE GAIN  ON THE TWO EXCHANGES  TOTAL 2.86 MILLION OZ 

OCCURRED DESPITE OUR   $.09 LOSS IN PRICE …..

END

OUTLINE FOR TODAY’S COMMENTARY

1a/COMEX GOLD AND SILVER REPORT

(report Harvey)

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

(Peter Schiff)

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

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

b. Other gold/silver commentaries

c. Commodity commentaries//

d)/CRYPTOCURRENCIES/BITCOIN ETC

2.ASIAN AFFAIRS//

MONDAY MORNING/SUNDAY  NIGHT

SHANGHAI CLOSED DOWN 21.73 PTS OR 0.71%  //Hang Seng CLOSED DOWN 25.83 PTS OR 0.16%         / Nikkei CLOSED DOWN 474.31 PTS OR 1.16% //Australia’s all ordinaries CLOSED UP .56%    /Chinese yuan (ONSHORE) closed UP 7.2126 //OFFSHORE CHINESE YUAN CLOSED UP TO 7.2511 /Oil DOWN TO 80.99 dollars per barrel for WTI and BRENT UP AT 85.92/ Stocks in Europe OPENED MOSTLY ALL RED// ONSHORE YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN  TRADING STRONGER AGAINST US DOLLAR/OFFSHORE YUAN STRONGER

A)NORTH KOREA/SOUTH KOREA

outline

b) REPORT ON JAPAN/
OUTLINE

3  CHINA
OUTLINE

4/EUROPEAN AFFAIRS
OUTLINE

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
OUTLINE

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

7. OIL ISSUES
OUTLINE

8 EMERGING MARKET ISSUES
9. USA

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

GOLD

 LET US BEGIN:

THE TOTAL COMEX GOLD OPEN INTEREST FELL  BY A STRONG 10,267 CONTRACTS  TO 528,410 WITH OUR HUGE LOSS IN PRICE OF $23.75 WITH RESPECT TO FRIDAY TRADING. 

EXCHANGE FOR PHYSICAL ISSUANCE

WE ARE NOW IN THE NON  ACTIVE DELIVERY MONTH OF MARCH..…  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 4415  EFP CONTRACTS WERE ISSUED: :  APRIL 4415  & ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE: 4415 CONTRACTS

ON A NET BASIS IN OPEN INTEREST WE LOST THE FOLLOWING TODAY ON OUR TWO EXCHANGES: A STRONG SIZED TOTAL OF 5852  CONTRACTS IN THAT 4415 LONGS WERE TRANSFERRED AS EXCHANGE FOR PHYSICALS TO LONDON AND WE HAD A STRONG SIZED LOSS OF 10,267  COMEX  CONTRACTS..AND THIS LOSS ON OUR TWO EXCHANGES HAPPENED WITH OUR HUGE FALL IN PRICE OF $23.75 FRIDAY COMEX.  AS PER OUR NEWBIE TRADE AT SETTLEMENT (TAS) MANIPULATION OPERATION (WHICH CRAIG HEMKE HAS POINTED OUT HAPPENS DURING MID MONTH IN THE DELIVERY CYCLE), THE CME REPORTS THAT THE TOTAL T.A.S. ISSUANCE FOR FRIDAY NIGHT WAS A STRONG SIZED 4141 CONTRACTS,

THROUGHOUT THE PAST SEVERAL WEEKS, THE BANKERS CONTINUE TO SELL 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//. IT SEEMS THAT OUR CROOKS ARE HAVING A HARD TIME TRYING TO CONTROL THE PRICE OF GOLD AND THUS THE NEED FOR RECORD T.A.S. ISSUANCE.

// WE HAVE A STRONG AMOUNT OF GOLD TONNAGE STANDING:   MARCH  (18.862 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 =  51.707 TONNES

TOTAL 2023 YEAR : 436.546 TONNES

JAN ’24.      22.706 TONNES

FEB. ’24:  66.276 TONNES (INCLUDES 1.723 TONNES EX. FOR RISK)

MARCH: 18.862 TONNES

THE SPECS/HFT WERE  SUCCESSFUL IN LOWERING GOLD’S PRICE( IT FELL $23.75 //// AND WERE SUCCESSFUL IN KNOCKING SOME SPECULATOR LONGS AS WE HAD A STRONG SIZED LOSS  OF 5852 TOTAL CONTRACTS ON OUR TWO EXCHANGES WITH OUR LOWER PRICE 0F $23.75

WE HAD A HUGE T.A.S. LIQUIDATION ON THE FRONT END OF FRIDAY’S TRADING .   THE T.A.S. ISSUED ON FRIDAY NIGHT, WILL BE “PUT INTO THE BANK” TO BE USED AT A LATER DATE AT THE COLLUSIVE CHOOSING OF OUR BANKERS. THE HIGH T.A.S. ISSUANCE IS MEANT TO CONTROL THE PRICE OF GOLD (AS WELL AS INITIATE A RAID WHICH IT DID ON FRIDAY).

WE HAVE LOST A TOTAL OI OF 18.202 PAPER TONNES FROM OUR TWO EXCHANGES, ACCOMPANYING OUR INITIAL  GOLD TONNAGE STANDING FOR MARCH. (10.3576 TONNES) ON FIRST DAY NOTICE FOLLOWED BY TODAY’S 400 OZ QUEUE JUMP//NEW STANDING INCREASES TO 18.862 TONNES

ALL OF THIS WAS ACCOMPLISHED DESPITE OUR LOSS  IN PRICE  TO THE TUNE OF $23.75 

WE HAD REMOVED 58  CONTRACTS  TO THE  COMEX TRADES TO OPEN INTEREST (CROOKS)

NET LOSS ON THE TWO EXCHANGES 5852 CONTRACTS OR 585200 OZ OR 18.202 TONNES.
estimated volume today 306,742 //good

final gold volumes/yesterday  300,427 good

//speculators have left the gold arena

MARCH 25/ INITIAL  MARCH  GOLD

/ /// THE MARCH  2024 GOLD CONTRACT

GoldOunces
Withdrawals from Dealers Inventory in oz
 nil
Withdrawals from Customer Inventory in oz

125,470.379 oz
asahi
3.90 TONNES









































 




















   






 







 




.

 








 









 
Deposit to the Dealer Inventory in oz
nil oz











 
Deposits to the Customer Inventory, in oz45.573.928 oz
hsbc
No of oz served (contracts) today15  notice(s)
1500 OZ
0.0466 TONNES
No of oz to be served (notices)  721  contracts 
  72100 oz
2.242 TONNES

 
Total monthly oz gold served (contracts) so far this month5343 notices
534300 oz
16.625 TONNES
Total accumulative withdrawals of gold from the Dealers inventory this monthNIL oz
Total accumulative withdrawal of gold from the Customer inventory this monthx

0 dealer deposits:

total dealer deposits:  nil oz

total customer withdrawals: 1

i) out of ASAHI 125,470.379 oz (3.90 tonnes)

total customer withdrawal: 125,470.379 oz

we had 0 customer deposit

total deposit 1 oz

i) Into HSBC: 45,573.928 oz

Adjustments: 0

CALCULATIONS FOR THE AMOUNT OF GOLD STANDING FOR MAR.

For the front month of MARCH we have an oi of 736   contracts having LOST 55 contracts. We had 61 contracts filed upon on Friday, so we gained 6 contracts or an additional 600 oz of gold(0.01867 tonnes) will stand at the comex in this non active delivery month of March.

APRIL LOST 31,290 CONTRACTS FALLING TO 126,635. We have 4 more reading days before first day notice March 28.2024

MAY GAINED 25 CONTRACTS TO STAND AT 993

JUNE INCREASED ITS OI BY 20,004 CONTRACTS UP TO 336,082 CONTRACTS.

We had  15 contracts filed for today representing  1500    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 15   contract(s) of which 0  notices were stopped (received) by  j.P. Morgan dealer and 13 notice(s) was (were) stopped  (received) by J.P.Morgan//customer account   

To calculate the INITIAL total number of gold ounces standing for the MARCH. /2024. contract month, we take the total number of notices filed so far for the month (5345 x 100 oz ), to which we add the difference between the open interest for the front month of  MARCH. (736  CONTRACTS)  minus the number of notices served upon today  15 x 100 oz per contract equals  600,200 OZ  OR 18.668 TONNES  

thus the INITIAL standings for gold for the MARCH. contract month:  No of notices filed so far (5345) x 100 oz +  (736) {OI for the front month} minus the number of notices served upon today (15)  x 100 oz which equals  606,400  oz (18.862 TONNES)

TOTAL COMEX GOLD STANDING FOR MARCH: 18.862 TONNES WHICH IS HUGE FOR A NON ACTIVE 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: 1,333,165.842   41,40 tonnes

TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD:  17,653,625.809 OZ  

TOTAL REGISTERED GOLD 7,736,318.775  (240.63  tonnes).

TOTAL OF ALL ELIGIBLE GOLD: 9,917,307.034 OZ  

REGISTERED GOLD THAT CAN BE SERVED UPON: 6,403,153 oz (REG GOLD- PLEDGED GOLD) 199.16 tonnes/dropping like a stone

END

SILVER/COMEX

MARCH 25

INITIAL

//2024// THE MARCH 2024 SILVER CONTRACT//INITIAL

SilverOunces
Withdrawals from Dealers InventoryNIL oz
Withdrawals from Customer Inventory
70,027.419 oz

CNT



























































































.














































 










 
Deposits to the Dealer Inventorynil OZ












 
Deposits to the Customer Inventory


837,901.371 OZ
HSBC
Brinks
























 











































 











 
No of oz served today (contracts)10 CONTRACT(S)  
 (50,000 OZ)
No of oz to be served (notices)55 contracts 
(0.2750 MILLION oz)
Total monthly oz silver served (contracts)5432 Contracts
 (27,160,000 oz)
Total accumulative withdrawal of silver from the Dealers inventory this monthNIL oz
Total accumulative withdrawal of silver from the Customer inventory this month

i)  0 dealer  deposit

total dealer deposit :nil oz

i) We had  0 dealer withdrawal

total dealer withdrawals: 0 oz

We had  2 deposits customer account:

i) Into Brinks: 242,677.530 oz

ii) Into HSBC: 595,223.841 oz

total customer deposits 837,901.371 oz

JPMorgan has a total silver weight: 129.806  million oz/285.041 million  or 45.61%

adjustment: 1/dealer to customer 233,326.530 oz

Comex withdrawals: 1

i) Out of CNT 70,027.419 CNT

total withdrawal: 70,027.419  oz

TOTAL REGISTERED SILVER: 48.898MILLION OZ//.TOTAL REG + ELIGIBLE. 285.083million oz

CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR DECEMBER:

silver open interest data:

FRONT MONTH OF MARCH /2023 OI: 65  CONTRACTS HAVING LOST 25  CONTRACT(S). 

WE HAD 20 NOTICES FILED ON FRIDAY SO LOST 5 CONTRACTS OR AN ADDITIONAL 25,000 OZ WILL NOT STAND AT THE COMEX AS THEY WERE IMMEDIATELY EFP”d OVER TO LONDON TO TAKE DELIVERY OVER THERE.

APRIL SAW A LOSS OF 35 CONTRACTS TO STAND AT 949

MAY SAW A LOSS OF 1695 CONTRACTS DOWN TO 120,037

TOTAL NUMBER OF NOTICES FILED FOR TODAY: 10 for 50,000  oz

Comex volumes// est. volume today 40,085 poor

Comex volume: confirmed yesterday 61,873 strong.

To calculate the number of silver ounces that will stand for delivery in MARCH. we take the total number of notices filed for the month so far at 5432 x  5,000 oz = 27,160,000 oz 

to which we add the difference between the open interest for the front month of MARCH. (65) and the number of notices served upon today 10 x (5000 oz) equals the number of ounces standing.

Thus the  standings for silver for the MARCH/2024 contract month:  5432 (notices served so far) x 5000 oz + OI for the front month of MARCH. (65) – number of notices served upon today (10 )x 500 oz of silver standing for the MARCH  contract month equates to 27.435 MILLION OZ.  

 New total standing: 27.435 million oz.

There are 48.898 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!

MARCH 25 WITH GOLD UP $17.05 TODAY; NO CHANGES IN GOLD INVENTORY AT THE GLD INVENTORY RISES TO 838.50 TONNES

MARCH 22 WITH GOLD DOWN $23.75 TODAY; NO CHANGES IN GOLD INVENTORY AT THE GLD INVENTORY RISES TO 838.50 TONNES

MARCH 21 WITH GOLD UP $24.80 TODAY; HUGE CHANGES IN GOLD INVENTORY AT THE GLD A STRONG PAPER DEPOSIT OF 1.15 TONNES OF GOLD INTO THE GLD/:INVENTORY RISES TO 838.50 TONNES

MARCH 20 WITH GOLD UP $1.45 TODAY; HUGE CHANGES IN GOLD INVENTORY AT THE GLD A STRONG PAPER DEPOSIT OF 1.48 TONNES OF GOLD INTO THE GLD/:INVENTORY RISES TO 837.35 TONNES

MARCH 19 WITH GOLD DOWN $4.10 TODAY; HUGE CHANGES IN GOLD INVENTORY AT THE GLD A STRONG PAPER DEPOSIT OF 1.48 TONNES OF GOLD INTO THE GLD/:INVENTORY RISES TO 833.32 TONNES

MARCH 15 WITH GOLD DOWN $5.20 TODAY; NO CHANGES IN GOLD INVENTORY AT THE GLD/:INVENTORY REMAINS AT 816.86 TONNES

MARCH 14 WITH GOLD DOWN $12.20 TODAY; HUGE CHANGES IN GOLD INVENTORY AT THE GLD A DEPOSIT OF 1.73 TONNES OF GOLD INTO THE GLD//:INVENTORY REMAINS AT 816.86 TONNES

MARCH 13 WITH GOLD UP $14.40 TODAY; NO CHANGES IN GOLD INVENTORY AT THE GLD:INVENTORY REMAINS AT 815.13 TONNES

MARCH 12 WITH GOLD DOWN $21.15 TODAY; NO CHANGES IN GOLD INVENTORY AT THE GLD:NOT AVAILABLE///LAST VALUE 815.13 TONNES

MARCH 11 WITH GOLD UP $3.20 TODAY; HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.44 TONNES OF GOLD OUT OF THE GLD AFTER 7 CONSECUTIVE GOLD PRICE RISES//INVENTORY RESTS AT 815.13 TONNES

MARCH 8 WITH GOLD UP $21.05 TODAY; HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 0.87 TONNES OF GOLD OUT OF THE GLD AFTER 7 CONSECUTIVE GOLD PRICE RISES//INVENTORY RESTS AT 816.57 TONNES

MARCH 7 WITH GOLD UP $7.20 TODAY; HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 4,20 TONNES OF GOLD OUT OF THE GLD//INVENTORY RESTS AT 817.44 TONNES

MARCH 6 WITH GOLD UP $17.20 TODAY; HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 2.30 TONNES OF GOLD INTO THE GLD//INVENTORY RESTS AT 821.47 TONNES

MARCH 5 WITH GOLD UP $16.55 TODAY; HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 2.30 TONNES OF GOLD INTO THE GLD//INVENTORY RESTS AT 821.47 TONNES

MARCH 4 WITH GOLD UP $30.55 TODAY; HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF .86 TONNES OF GOLD INTO THE GLD//INVENTORY RESTS AT 823.77 TONNES

MARCH 1 WITH GOLD UP $40.40 TODAY; NO CHANGES IN GOLD INVENTORY AT THE GLD/INVENTORY RESTS AT 822.91 TONNES

FEB29/WITH GOLD UP $12.60 TODAY HUGE CHANGES IN GOLD INVENTORY AT THE GLD//WITHDRAWAL OF 4.03 TONNES INVENTORY RESTS AT 822.91 TONNES

FEB28/WITH GOLD DOWN $1.00 TODAY NO CHANGES IN GOLD INVENTORY AT THE GLD INVENTORY RESTS AT 826.94 TONNES

FEB27/WITH GOLD UP $4.40 TODAY HUGE CHANGES IN GOLD INVENTORY AT THE GLD A WITHDRAWAL OF .87 TONNES OF GOLD FROM THE GLD:/INVENTORY RESTS AT 826.94 TONNES

FEB26/WITH GOLD DOWN $8.90 TODAY NO CHANGES IN GOLD INVENTORY AT THE GLD:/INVENTORY RESTS AT 827.81 TONNES

FEB23/WITH GOLD UP $17 TODAY HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 2.01 TONNES OF GOLD FROM THE GLD.//INVENTORY RESTS AT 827.81 TONNES

FEB22/WITH GOLD DOWN $2.15 TODAY NO CHANGES IN GOLD INVENTORY AT THE GLD://INVENTORY RESTS AT 829.82 TONNES

FEB21/WITH GOLD DOWN $5.30 TODAY HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 7.59 TONNES OF GOLD OUT OF THE GLD///INVENTORY RESTS AT 29.82 TONNES

FEB20/WITH GOLD UP $16.15 TODAY HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 0.58 TONNES OF GOLD INTO THE GLD///INVENTORY RESTS AT 837.89 TONNES

FEB16/WITH GOLD UP $8,60 TODAY HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.73 TONNES OF GOLD FROM THE GLD///INVENTORY RESTS AT 837.31 TONNES

FEB15/WITH GOLD UP $11.70 TODAY NO CHANGES IN GOLD INVENTORY AT THE GLD:/INVENTORY RESTS AT 841.92 TONNES

FEB14/WITH GOLD DOWN $2.75 TODAY NO CHANGES IN GOLD INVENTORY AT THE GLD:/INVENTORY RESTS AT 841.92 TONNES

FEB13/WITH GOLD DOWN $20.15 TODAY NO CHANGES IN GOLD INVENTORY AT THE GLD:/INVENTORY RESTS AT 841.92 TONNES

FEB12/WITH GOLD DOWN $4.80 TODAY HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A STRONG WITHDRAWAL OF 1.74 TONNES OF GOLD FROM THE GLD. / //://INVENTORY RESTS AT 841.92 TONNES

FEB9/WITH GOLD DOWN $8.60 TODAY HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A STRONG DEPOSIT OF 1.44 TONNES OF GOLD FROM THE GLD. / //://INVENTORY RESTS AT 843.66 TONNES

FEB8/WITH GOLD DOWN $2.70 TODAY HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A MASSIVE WITHDRAWAL OF 5.47 TONNES OF GOLD FROM THE GLD. / //://INVENTORY RESTS AT 842.22 TONNES:

FEB7/WITH GOLD UP $0.40 TODAY HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A MASSIVE WITHDRAWAL OF 4.04 TONNES OF GOLD FROM THE GLD. / //://INVENTORY RESTS AT 847.69 TONNES:

FEB6/WITH GOLD UP $8.50 TODAY NO CHANGES IN GOLD INVENTORY AT THE GLD:/ / //://INVENTORY RESTS AT 851.73 TONNES:

GLD INVENTORY: 838.50 TONNES

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

MARCH 25/WITH SILVER UP 8 CENTS TODAY: HUGE CHANGES IN SILVER INVENTORY AT THE SLV A HUGE WITHDRAWAL OF 3.887 MILLION OZ INTO THE SLV: SLV INVENTORY RESTS AT 421.022 MILLION OZ

MARCH 22/WITH SILVER DOWN  9 CENTS TODAY: HUGE CHANGES IN SILVER INVENTORY AT THE SLV A HUGE DEPOSIT OF 1.1899 MILLION OZ INTO THE SLV: SLV INVENTORY RESTS AT 424.909 MILLION OZ

MARCH 21/WITH SILVER DOWN  8 CENTS TODAY: HUGE CHANGES IN SILVER INVENTORY AT THE SLV A HUGE WITHDRAWAL OF 3.560 MILLION OZ INTO THE SLV: SLV INVENTORY RESTS AT 423.720 MILLION OZ

MARCH 20/WITH SILVER DOWN  5 CENTS TODAY: HUGE CHANGES IN SILVER INVENTORY AT THE SLV A HUGE DEPOSIT OF 11.792 MILLION OZ INTO THE SLV: SLV INVENTORY RESTS AT 427.280 MILLION OZ

MARCH 18/WITH SILVER DOWN  11 CENTS TODAY: HUGE CHANGES IN SILVER INVENTORY AT THE SLV A HUGE DEPOSIT OF 11.792 MILLION OZ INTO THE SLV: SLV INVENTORY RESTS AT 427.280 MILLION OZ

MARCH 15/WITH SILVER DOWN 9 CENTS TODAY: HUGE CHANGES IN SILVER INVENTORY AT THE SLV A WITHDRAWAL OF 1.006 MILLION OZ FROM THE SLV: SLV INVENTORY RESTS AT 417.866 MILLION OZ

MARCH 14/WITH SILVER DOWN 9 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV: SLV INVENTORY RESTS AT 418.872 MILLION OZ

MARCH 13/WITH SILVER UP 32 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV: SLV INVENTORY RESTS AT 418.872 MILLION OZ…

MARCH 12/WITH SILVER DOWN 31 CENTS TODAY: HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A SMALL WITHDRAWAL OF 0.549 MILLION OZ OF SILVER INTO THE SLV//// : SLV INVENTORY RESTS AT 418.872 MILLION OZ…

MARCH 11/WITH SILVER UP 11 CENTS TODAY: HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A HUGE WITHDRAWAL OF 2.147 MILLION OZ OF SILVER FROM THE SLV//// : SLV INVENTORY RESTS AT 418.323 MILLION OZ…SUCH A MASSIVE FRAUD!

MARCH 8/WITH SILVER DOWN 5 CENTS TODAY: HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A HUGE WITHDRAWAL OF 4.299 MILLION OZ OF SILVER FROM THE SLV//// : SLV INVENTORY RESTS AT 420.519 MILLION OZ…SUCH A MASSIVE FRAUD!

MARCH 7/WITH SILVER UP 8 CENTS TODAY: HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A HUGE WITHDRAWAL OF 4.665 MILLION OZ OF SILVER FROM THE SLV//// : SLV INVENTORY RESTS AT 424.818 MILLION OZ…SUCH A MASSIVE FRAUD!

MARCH 6/WITH SILVER UP 52 CENTS TODAY: HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A HUGE WITHDRAWAL OF 2.378 MILLION OZ OF SILVER FROM THE SLV//// : SLV INVENTORY RESTS AT 427,105 MILLION OZ

MARCH 5/WITH SILVER DOWN 2 CENTS TODAY: HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A HUGE WITHDRAWAL OF 1.499 MILL;ION OZ OF SILVER FROM THE SLV//// : SLV INVENTORY RESTS AT 429.483 MILLION OZ

MARCH 4/WITH SILVER UP CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV: // : SLV INVENTORY RESTS AT 430.982 MILLION OZ

MARCH 1/WITH SILVER UP 49 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV: // : SLV INVENTORY RESTS AT 430.982 MILLION OZ

FEB 29/WITH SILVER UP 25 CENTS TODAY: HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 2.104 MILLION OZ OUT OF THE SLV//// : SLV INVENTORY RESTS AT 430/982 MILLION OZ

FEB 28/WITH SILVER DOWN 7 CENTS TODAY: HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 5.123 MILLION OZ INTO THE SLV//// : SLV INVENTORY RESTS AT 433.086 MILLION OZ

FEB 27/WITH SILVER UP 3 CENTS TODAY HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 0.64 MILLION OZ FROM THE SLV//// : SLV INVENTORY RESTS AT 427.943 MILLION OZ


FEB 26/WITH SILVER DOWN 44 CENTS TODAY HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 3.065 MILLION OZ FROM THE SLV//// : SLV INVENTORY RESTS AT 428.603 MILLION OZ

FEB 23/WITH SILVER DOWN 44 CENTS TODAY HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 3.065 MILLION OZ FROM THE SLV//// : SLV INVENTORY RESTS AT 428.603 MILLION OZ

FEB 22/WITH SILVER DOWN 10 CENTS TODAY NO CHANGES IN SILVER INVENTORY AT THE SLV

// : SLV INVENTORY RESTS AT 432.766 MILLION OZ

FEB  21/WITH SILVER DOWN 28 CENTS TODAY HUGE CHANGES IN SILVER INVENTORY AT THE SLV A WITHDRAWAL OF 2.348 MILLION OZ OF SILVER FROM THE SLV// : SLV INVENTORY RESTS AT 432.766 MILLION OZ

FEB  20/WITH SILVER DOWN 33 CENTS TODAY HUGE CHANGES IN SILVER INVENTORY AT THE SLV A WITHDRAWAL OF 3.385 MILLION OZ OF SILVER FROM THE SLV// : SLV INVENTORY RESTS AT 435.008 MILLION OZ

FEB  16/WITH SILVER UP 53 CENTS TODAY HUGE CHANGES IN SILVER INVENTORY AT THE SLV A DEPOSIT OF 1.235 MILLION OZ OF SILVER FROM THE SLV// : SLV INVENTORY RESTS AT 438.393 MILLION OZ

FEB  15/WITH SILVER UP 56 CENTS TODAY NO CHANGES IN SILVER INVENTORY AT THE SLV : SLV INVENTORY RESTS AT 437.615 MILLION OZ

FEB  14/WITH SILVER UP 24 CENTS TODAY NO CHANGES IN SILVER INVENTORY AT THE SLV : SLV INVENTORY RESTS AT 437.615 MILLION OZ

FEB  13/WITH SILVER DOWN 60 CENTS TODAY SMALL CHANGES IN SILVER INVENTORY AT THE SLV A SMALL WITHDRAWAL OF 0.504 MILLION OZ OZ OUT OF THE SLV: SLV INVENTORY RESTS AT 437.615 MILLION OZ

FEB  12/WITH SILVER UP 14 CENTS TODAY HUGE CHANGES IN SILVER INVENTORY AT THE SLV A HUGE WITHDRAWAL OF 1.921 MILLION OZ OZ OUT OF THE SLV: SLV INVENTORY RESTS AT 438.119 MILLION OZ

FEB 9/WITH SILVER DOWN 4 CENTS TODAY SMALL CHANGES IN SILVER INVENTORY AT THE SLV A SMALL DEPOSIT OF 600,000 OZ INTO THE SLV: SLV INVENTORY RESTS AT 440.040 MILLION OZ

FEB 8/WITH SILVER UP 29 CENTS TODAY NO CHANGES IN SILVER INVENTORY AT THE SLV: SLV INVENTORY RESTS AT 439.994 MILLION OZ

FEB 7/WITH SILVER DOWN 18 CENTS TODAY HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A MASSIVE DEPOSIT OF 4.04 MILLION OZ INTO THE SLV///INVENTORY RESTS AT 439.994 MILLION OZ//LAST 9 DAYS: 10.7598 MILLION OZ WITHDRAWAL

CLOSING INVENTORY 421.022 MILLION OZ//

PHYSICAL GOLD/SILVER COMMENTARIES

1:Peter Schiff/Mike Maharrey

Peter Schiff: Inflation Bloodbath On The Way

MONDAY, MAR 25, 2024 – 11:40 AM

Via SchiffGold.com,

This time Peter tackles Jerome Powell’s speech from Wednesday, in which he announced that the Fed is holding the federal funds rate between 5.25 and 5.5%. He also briefly discusses Bitcoin’s pullback and the media’s lies about Donald Trump.

On Powell’s announcement, several commodities surged in price, with silver, gold, and copper performing especially well. Peter sees this as a repudiation of Powell’s messaging:

“I think we’re on the verge of the biggest bull market in commodities since the 1970s. Of course, this flies in the face of Powell claiming that inflation is going to go back down to two percent. There’s no chance that inflation is going to go back down to two percent! All the data shows that inflation is on the way up. Plus, if you understand what inflation is, it has nowhere to go but up.”

A hotter-than-expected Producer Price Index (PPI) report last week also contradicts Powell, with the PPI increasing from last month by more than twice the most conservative estimates. The PPI, in addition to a recently announced 13% federal deficit increase, does not bode well for the economy:

“This is why we have inflation. It’s driving prices higher. All this money is being spent. How can it not bid up prices? This is why the Fed is not only going to taper the QT [quantitative tightening] program but go back to quantitative easing because government spending is going ballistic. And all of it is stoking the fires for inflation. … There’s no downward pressure from five and a quarter, five and a half percent interest rates. Those rates are still too low.”

Peter expects rate cuts in the future. Every political force incentivizes the Fed to cut rates soon:

“The Fed is cutting rates come hell or high water. It doesn’t matter what the data is. The Fed is going to cut rates because the country is broke. They’re not cutting rates because they won the war against inflation: they lost that war. They’re cutting rates because they have to avoid a financial crisis— a banking crisis. They want to try to reelect Joe Biden. They want to try to save the government from having to default and cut social security and cut Medicare, and so everything’s going to be cut through inflation.”

Powell’s dovish remarks are a textbook case of the Fed’s inability to unwind its policies. Once it starts manipulating the dollar, it can’t go back:

“Bernanke— in 2009, when the Fed just started to increase the balance sheet— said that, ‘After the emergency, we’re going to bring it right back down to where we started. We’re not going to keep any of the bonds that we bought, because we’re not a banana republic. We don’t monetize government debt.’ Well, now you have Jerome Powell saying, ‘We are a banana republic. We do monetize debt because we want to maintain an ample balance sheet.’”

The one thing Powell got right is that rising wages are a symptom of inflation, not its cause:

“If wages are going up, that’s a sign that there’s still an inflation problem. … It’s like when you take your temperature with a thermometer and you know you’re sick. The thermometer is not making you sick. You’re sick because there’s something wrong with you. The thermometer is simply allowing you to confirm that you’re sick.”

The Fed’s inability to handle inflation has sentenced the economy to a grim fate:

“We haven’t experienced anything like that since the 1970s. The difference is we’re in much worse shape economically than we were in the 1970s, and we don’t have the ability to put out this fire. We’re not going to get another Ronald Reagan. We’re not going to get another Paul Volker, and even if they were there, they couldn’t do what they did back then because of the financial position, the weak position that America now occupies that it didn’t occupy back in 1980. So it’s a whole different ball game, and it’s going to have a very different ending.”

With hopes of rate cuts sparked by this week’s report, more cheap credit will only add fuel to the raging flames of inflation.

end

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

3. CHRIS POWELL//GATA

4. OTHER MAJOR GOLD COMMENTARIES/PODCASTS/

5 a. IMPORTANT COMMENTARIES ON COMMODITIES//

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

END

6.CRYPTOCURRENCY//DIGITAL CURRENCY// COMMENTARIES/

END

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

ONSHORE YUAN:   CLOSED UP 7.2126

OFFSHORE YUAN: DOWN TO 7.2511

SHANGHAI CLOSED DOWN 21.73 PPTS OR 0.71% 

HANG SENG CLOSED DOWN 25.83 PTS OR 0.16%

2. Nikkei closed DOWN 474.31 OR 1.16%

3. Europe stocks   SO FAR:  MOSTLY ALL RED

USA dollar INDEX DOWN  TO  104.01 EURO RISES TO 1.0823 UP 17 BASIS PTS

3b Japan 10 YR bond yield: FALLS TO. +.726 Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 151.31/JAPANESE YEN NOW FALLING AS WELL AS LONG TERM 10  YR. YIELDS RISING //EVENTUALLY THIS WILL BREAK THE JAPANESE CENTRAL BANK

3c Nikkei now  ABOVE 17,000

3d USA/Yen rate now well ABOVE the important 120 barrier this morning

3e Gold UP /JAPANESE Yen UP  CHINESE ONSHORE YUAN: UP/  OFFSHORE: UP

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

Japan to buy 100% of all new Japanese debt and NOW they will have OVER 50% of all Japanese debt.

3g Oil DOWN for WTI and DOWN  FOR Brent this morning

3h European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund YIELD DOWN TO +2.3480***/Italian 10 Yr bond yield DONW to 3.678* /SPAIN 10 YR BOND YIELD DOWN TO 3.184…**

3i Greek 10 year bond yield UP TO 3.292

3j Gold at $2171.60 silver at: 24.73  1 am est) SILVER NEXT RESISTANCE LEVEL AT $30.00

3k USA vs Russian rouble;// Russian rouble DOWN 0 AND 11 /100        roubles/dollar; ROUBLE AT 92.69//

3m oil into the 80 dollar handle for WTI and  85  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 151.31//  10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 0.726% 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 0.8979 as the Swiss Franc is still rising against most currencies. Euro vs SF:   0.9719 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: 4.233 UP 2 BASIS PTS…

USA 30 YR BOND YIELD: 4.402 UP 1 BASIS PTS/

USA 2 YR BOND YIELD:  4.621 UP 2 BASIS PTS

USA DOLLAR VS TURKISH LIRA: 32.15…(TURKEY SET TO BLOW UP FINANCIALLY)

GREAT BRITAIN/10 YEAR YIELD: UP 7  BASIS PTS AT 4.001

end

2.a  Overnight:  Newsquawk and Zero hedge,,,

Futures Slump, Dragged By Semis As Global Chip War Escalates

MONDAY, MAR 25, 2024 – 08:38 AM

Futs are lower following the S&P’s best weekly performance of the year (sparked by dovish comments by Fed chair Powell during the last FOMC) which sent the market up +2.3%. At 7:50am, S&P futures were 0.4% lower and Nasdaq futures dropped 0.6%, dragged by MegaCap tech names which were mostly lower with AMD and Intel down more than 2% after the FT reported they are being banned from Chinese government computers; NVDA swung from gains to losses after a report that Google, Intel and QCOM execs plan on battling NVDA on AI dominance (well what else can they do?). Meanwhile, JPM says to keep an eye on NFLX on bullish headlines; stock is +29% YTD which would be third among Mag7 names. Europe’s Stoxx Europe 600 dipped following nine straight weeks of gains, the longest run in 12 years. Elsewhere, treasury yields ticked higher and the Bloomberg dollar spot index was slightly lower with the yen a tad stronger after some aggressive jawboning by cartoonish Japanese officials. Oil gained on escalating geopolitical unrest following the Moscow concert hall attack on Friday that killed at least 137 people. The next 2 weeks have a lighter macro data calendar so keep an eye on Fedspeak (3x this week) and bond auctions for bond yield catalysts which could Equity sector performance. Month-end/Quarter-end rebalancing could also pressure stocks.

In premarket trading, Intel and AMD declined after a FT report said China was seeking to limit the use of US-made chips in government computers. United Airlines shares fell as US aviation authorities mull measures to curb growth at the carrier following a series of safety incidents. Here are some other premarket movers:

  • Canopy Growth (CGC US) rose 13%, set to extend gains for a seventh consecutive session — its longest streak since January 2019.
  • Walt Disney (DIS US) rose 1.3% after Barclays upgraded the media company to overweight from equal-weight, saying that a “narrative reset” since first-quarter results should be followed by positive estimate revisions.

As we enter a quiet week after multiple central bank shockers, traders are in wait-and-see mode ahead of economic data that will include the Fed’s preferred inflation gauge due Friday, when many markets will be closed for a holiday. While conviction has grown that the Fed will cut rates this year following dovish comments by Chair Jerome Powell last week, investors are becoming uneasy about stock valuations after the recent rally.

“When upward catalysts get rare and valuations are rich, risks become visible,” said Jeanne Asseraf-Bitton, head of research and strategy at BFT IM in Paris. “The coming weeks will be more complicated.”

European stocks slipped after a ninth straight week of gains for the index, the longest winning streak in nearly 12 years; the Stoxx slid 0.4% led by consumer product, retail and media shares which were the worst performers. Shares in European defense firms rose following a terrorist attack in Moscow on Friday evening that killed at least 137 people, in an assault claimed by the Islamic State. Dassault Aviation SA climbed 4.5% and Rheinmetall AG was up 3.6%. Swedish landlord SBB jumped after buying back a batch of bonds at a 60% discount, while Direct Line Insurance Group Plc plunged after Ageas said on Friday it won’t make a third takeover offer. Even after this year’s gains, European equity valuations are not yet over-stretched, according to Goldman Sachs Group Inc. strategists who forecast the Stoxx Europe 600 could still rise about 6% over the next 12 months. Here are some of the the biggest movers in Europe on Monday:

  • European defense stocks including Rheinmetall and Leonardo gain after a terrorist attack in Moscow on Friday evening killed at least 137 people, in an assault claimed by the Islamic State.
  • Zalando gains as much as 1.2% after Deutsche Bank raises its price target, citing the German online retailer’s balance of sales growth and margin expansion.
  • Tullow Oil rises as much as 8.1% after BofA upgrades the UK energy firm to buy after it “reached an inflection point in its deleveraging journey.”
  • Believe gains as much as 6.7% after the board invited Warner Music Group to submit a binding, unconditional and fully financed offer after its expression of interest.
  • SBB soars as much as 17% after buying back hybrid securities and notes with a total aggregate principal amount of about €408 million, at a 60% discount.
  • Inwido gains as much as 4.6% after Nordea reinitiated coverage of the Swedish window manufacturing group with a buy recommendation.
  • Gamma Communications rises as much as 4.7% after it announced a new £35 million share buyback and delivered in-line annual earnings.
  • Direct Line falls as much as 16% after Belgium’s Ageas said it will halt its pursuit of the insurer after two takeover proposals were rejected this year.
  • Kingfisher shares drop as much as 4.6% after the retailer’s full-year sales missed expectations and its 2025 outlook also disappointed.
  • Shelf Drilling and Borr Drilling both slide after DNB flagged the new “indirect risk” from Saudi Aramco scaling back its drilling.

Earlier in the session Asian stocks edged lower, dragged by selloffs in Japan and South Korea after last week’s strong rallies, while Chinese stocks advanced. The MSCI Asia Pacific Index dipped as much as 0.3%, erasing an early gain. Sony and Samsung were among the biggest drags, while China delivery firm Meituan gained after it reported better-than-expected earnings. Japanese equities declined as some investors took profit following the Nikkei 225 Stock Average’s ascent to a record high last week even as the central bank ended its negative-rate policy.

  • Hang Seng and Shanghai Comp. were initially indecisive as participants digested recent earnings releases, although eventually strengthened after the slew of rhetoric from Chinese officials including Premier Li who noted relatively big room for macro policy.
  • Nikkei 225 pulled back from record highs as investors booked profits amid some mild yen strength.
  • ASX 200 finished higher with early outperformance in property and tech owing to softer yields.

In FX, the Bloomberg Dollar Spot Index dropped 0.1%, while the yen strengthened after Japan’s top currency official warned about excessive currency speculation. The focus remains on China’s yuan after the central bank signaled its support for the managed currency. The onshore yuan rose as much as 0.5% to 7.1902 per dollar, the most since December

  • USD/JPY fell as much as 0.2% to 151.05, after Japan’s top currency official warned against speculative moves in the yen
  • USD/CNY fell as much as 0.5% to 7.19, after a stronger-than-expected daily fixing
  • Risk-sensitive currencies including the Norwegian krone, New Zealand dollar and Australian dollar led Group-of-10 gains

In rates, treasuries were slightly cheaper across the curve following similar price action across core European rates, with rate futures near lows of the day.  Treasury yields cheaper by 2bp to 3.5bp across the curve with losses led by belly, flattening 5s30s spread by 1.2bp on the day; 10-year yields around 4.23%, cheaper by 3bp with bunds and gilts marginally outperforming in the sector. The holiday-shortened week’s auction cycle begins with $66b 2-year note sale at 1pm; $67b 5-year and $43b 7-year follow Tuesday and Wednesday. WI 2-year yield at around 4.58% is ~11bp richer than February’s, which tailed the WI by 0.2bp

In commodities, oil gained on escalating geopolitical unrest following the Moscow concert hall attack on Friday that killed at least 137 people.

Bitcoin climbs higher and back on a USD 67k handle, whilst Ethereum sits just shy of USD 3.5k.

Looking at today’s calendar, the US economic data schedule includes February Chicago national activity index (8:30am), new home sales (10am) and March Dallas Fed manufacturing activity (10:30am). Later this week we get data on durable goods orders, consumer confidence, 4Q GDP revision, University of Michigan sentiment, and personal income/spending with PCE deflators. Fed speakers scheduled include Bostic (8:25am), Goolsbee (9:05am) and Cook (10:30am). Waller, Daly and Powell are slated to appear later this week

Market Snapshot

  • S&P 500 futures little changed at 5,292.75
  • STOXX Europe 600 little changed at 510.02
  • MXAP down 0.5% to 176.50
  • MXAPJ down 0.1% to 534.29
  • Nikkei down 1.2% to 40,414.12
  • Topix down 1.3% to 2,777.64
  • Hang Seng Index down 0.2% to 16,473.64
  • Shanghai Composite down 0.7% to 3,026.31
  • Sensex up 0.3% to 72,831.94
  • Australia S&P/ASX 200 up 0.5% to 7,811.94
  • Kospi down 0.4% to 2,737.57
  • German 10Y yield little changed at 2.32%
  • Euro little changed at $1.0817
  • Brent Futures up 0.4% to $85.74/bbl
  • Gold spot up 0.1% to $2,166.70
  • US Dollar Index little changed at 104.36

Top Overnight News

  • Chinese Premier Li says the country has further room to broader policy support given subdued inflation and low levels of gov’t debt. BBG
  • China has introduced new guidelines that will mean US microprocessors from Intel and AMD are phased out of government PCs and servers, as Beijing ramps up a campaign to replace foreign technology with homegrown solutions. As markets hit record highs, the ratio of corporate insider selling to insider buying is at the highest level since the first quarter of 2021, according to Verity LLC, which tracks insider trading disclosures. FT
  • The US and Japan are planning the biggest upgrade to their security alliance since they signed a mutual defense treaty in 1960 in a move to counter China. President Biden and Prime Minister Kishida will announce plans to restructure the US military command in Japan to strengthen operational planning and exercises between the nations. They will unveil the plan when Biden hosts Kishida at the White House on April 10. FT
  • The Islamic State claimed responsibility for the terror attack in Russia (and the US said it has no reason to doubt the authenticity of that claim), but Moscow/Putin suggested Ukraine could have some culpability. NYT
  • The Russian oil-export machine funding the Kremlin’s war in Ukraine is finally getting some grit in its gears. Indian oil refiners — Moscow’s second-biggest customers after China since the 2022 invasion — will no longer accept tankers owned by state-run Sovcomflot PJSC because of the risk posed by sanctions. BBG
  • Treasury issuance has expanded in recent years, sending the size of the US gov’t bond market to a record ~$27T (up ~70% since the end of ’19 and nearly 6x larger than before the ’08-’09 financial crisis). WSJ
  • Peter Thiel, Jeff Bezos and Mark Zuckerberg are leading a parade of corporate insiders who have sold hundreds of millions of dollars of their companies’ shares this quarter, in a signal that recent stock market exuberance could be peaking. FT
  • Atlanta Fed President Bostic now anticipates just one rate cut this year (his prior outlook was for two cuts), and forecasts it happening later than previously assumed. BBG
  • United is said to face temporary FAA limits on adding routes and flying customers on newly delivered aircraft after safety issues. BBG

A more detailed look at global markets courtesy of Newsquawk

APAC stocks traded mixed amid a lack of major macro drivers heading into month-end and a slew of data releases. ASX 200 finished higher with early outperformance in property and tech owing to softer yields. Nikkei 225 pulled back from record highs as investors booked profits amid some mild yen strength. Hang Seng and Shanghai Comp. were initially indecisive as participants digested recent earnings releases, although eventually strengthened after the slew of rhetoric from Chinese officials including Premier Li who noted relatively big room for macro policy.

Top Asian News

  • Chinese Premier Li said China’s economic rebound momentum continues to consolidate and strengthen with economic development off to a good start judging by the first two months and though the economy sees some fluctuations, the long-term trend of the economy turning for the better won’t be changed. Premier Li said they will carefully study the issues of market access, match of supply and demand, as well as cross-border data flows, while there will be some regulations in some of these areas soon. Furthermore, Li said China will strive to boost domestic demand and that there is relatively big room for macro policy, according to Reuters.
  • China’s Finance Minister said the government is confident and capable of achieving full-year economic and development goals, while China will prioritise support for sci-tech innovation and manufacturing development and allocate more fiscal resources to ensure employment, according to Reuters.
  • China’s Industry Minister said they will accelerate new industrialisation, promote continuous optimisation and upgrading of industrial supply chains, while they will accelerate the modernisation of the industrial system, fully abolish restrictions on foreign investment access in the manufacturing sector, and deepen in-depth cooperation with enterprises from all countries.
  • China NDRC head said the state planner will implement a batch of major sci-tech projects based on the development of new productive forces, while it will crack down on monopolies and unfair competition activity, as well as publish a new version of a negative list for market access, according to Reuters.
  • China’s Vice Commerce Minister said they will further expand high-level opening up to the outside world and create more market opportunities by opening up for development, while China will continue to tap and unleash the potential of domestic demand, providing more trade and investment opportunities.
  • China’s Commerce Minister met with Micron’s (MU) president and said that they welcome the Co. to expand its footprint in the Chinese market and ramp up investment projects while firmly obeying China’s laws and regulations, while China’s Commerce Minister also met with the chairmen of AMD (AMD), Exxon (XOM) and Medtronic (MDT), according to Reuters.
  • China blocked the use of Intel (INTC) and AMD (AMD) chips in government computers.
  • US Treasury Secretary Yellen will travel to China in April, according to POLITICO.
  • US Secretary of State Blinken said the US expresses deep concern over Hong Kong’s security law.
  • BoJ January meeting minutes noted that members said the likelihood of reaching the price goal was gradually rising and members discussed the positive and side effects of the Bank’s unconventional monetary policy. Members also agreed that Japan’s economy had recovered moderately and shared the recognition that, although exports and production had been affected by the slowdown in the pace of recovery in overseas economies, they had been more or less flat.
  • Japan’s top currency diplomat Kanda said they have been closely watching FX moves with a high sense of urgency and will take appropriate steps to respond to an excessive weakening of the yen without excluding any measures, while he added the current yen weakness does not reflect fundamentals and is due to speculation.
  • China’s STCN reports that “there are market rumours that real estate-related documents will be issued soon, which will focus on two directions” (cont)
  • Nissan (7201 JT) targets an additional 1mln units in sales by end-FY2026 vs FY2023; 30 new Models to be launched by FY26, of which 16 will be electrified; dividend and buyback to target total shareholder return of over 30%. Executive says the global EV market is not stopping but starting to plateau to more normal cadence of growth

European bourses, Stoxx600 (-0.2%) initially struggled to find direction, though succumbed to slight selling pressure as the session progressed. European sectors are mostly lower; Energy benefits from broader strength in the crude sector, whilst Kingfisher (-2.5%) weighs on Retail. US equity futures (ES -0.2%, NQ -0.3%, RTY U/C) are mostly but modestly lower, in-fitting with price action seen in Europe; AMD (-2.1%)/ Intel (-2.5%) suffer in the pre-market after China blocked the use of AMD/INTC chips in government computers. Modest pressure in Apple (AAPL), Alphabet (GOOG), and Meta (META) following the EU Commission announcing a digital-market probe into the names.

Top European News

  • UK Chancellor Hunt said the Conservative Party will keep the triple lock for pension increases in its election manifesto, according to Reuters.
  • BoE announced Q2 QT schedule on Friday in which it will sell short-dated Gilts across four auctions of GBP 800mln and will sell medium-dated Gilts across four auctions of GBP 750mln, while it will sell long-dated Gilts across three auctions of GBP 600mln with its total sales at GBP 8bln in Q2.

FX

  • USD is a touch softer vs. peers but with price action in the FX space broadly contained as newsflow has proved to be non-incremental. Current high of 104.47 is just below Friday’s 104.49 peak.
  • EUR is contained with catalysts currently lacking to inspire price action. EUR/USD holding above Friday’s 1.0801 low. June 25bps ECB cut price at ~87%.
  • Jawboning from Kanda failed to see the JPY regain much ground vs. the USD with the pair not far off the 2023 high at 151.91 and 2022 high at 151.94.
  • Antipodeans are both a touch firmer vs. the USD with not much in the way of pertinent newsflow. AUD/USD briefly pierced Friday’s low at 0.65101 but has stopped shy of testing last week’s low at 0.6503 which lies just ahead of the 0.65 mark.
  • Yuan regaining some ground vs. USD with Chinese banks said to be selling dollars and a firmer fix from the PBoC. USD/CNH down as low as 7.2327 but yet to test Friday’s 7.2175 low.
  • PBoC set USD/CNY mid-point at 7.0996 vs exp. 7.2267 (prev. 7.1004).
  • Chinese major state-owned banks were seen selling dollars for yuan in the onshore FX market to stabilise the Chinese currency, according to sources cited by Reuters.

Fixed Income

  • USTs are slightly softer ahead of a handful of speakers, New Home sales and then a 2yr sale which is potentially incrementally weighing on the fixed space; currently near lows around 110-22.
  • A relatively contained start to the week for Bunds with the docket thin on the data front, though action could stem from a handful of ECB speakers later today. The calendar doesn’t pick up within Europe until Wednesday’s Flash HICP before the EZ number post-Easter; modest downside has been seen in Bunds, to a low of 132.84 thus far.
  • Gilt price action mirrors EGBs, awaiting fresh fundamentals following the “dovish” shift by the BoE. BoE’s Mann (Hawk) will be closely watched to see if she has entirely abandoned her long-held call for further tightening; currently around 99.80.

Commodities

  • Crude is firmer despite a lack of fresh fundamental headlines, albeit remains within overnight ranges; Brent May is back around USD 86.00/bbl.
  • Weakness across precious metals as the stronger Dollar exerted pressure while Friday newsflow remains quiet; XAU dipped under yesterday’s low (2,166.45/oz) and trades within a current USD 2,162.64-2,186.13/oz range.
  • Base metals are softer across the board following the risk aversion from Chinese markets overnight coupled with the recovery in the Greenback.
  • Iraq Oil Ministry blamed foreign companies operating in Iraqi Kurdistan for a delay in the restart of crude exports from the region, while it added that OPEC and secondary sources reports show crude production between 200k-225k bpd in the region without the knowledge or approval of the ministry, according to Reuters.
  • Russia’s Kuibyshev oil refinery halts primary unit CDU-5 (70k bpd) after weekend drone attack, via Reuters citing sources.

Geopolitics: Middle East

  • A leading Hamas source said Israeli media leaks about concessions and compromises offered to Hamas are miserable propaganda aiming to cover up its intransigence and evade responsibility for obstructing the agreement in front of the families of its prisoners, according to Al Jazeera.
  • US Vice President Harris said an Israeli assault on Rafah ‘would be a huge mistake’ and she did not rule out ‘consequences’ if Israel invades Rafah, according to an interview with ABC News.
  • UN Secretary-General Guterres visited Rafah and said it is time for an immediate humanitarian ceasefire, while he added there is a clear international consensus that any ground intervention in Rafah will cause a humanitarian catastrophe.
  • UKMTO said a vessel was struck by an unidentified projectile 23NM west of Yemen’s Mukha and the resulting fire was extinguished by the crew, while the crew were reported safe.
  • “Israel Broadcasting Corporation: Truce negotiations have reached an impasse due to Hamas’ demands”, according to Al Arabiya.

Geopolitics: Moscow Terror Attack

  • The death toll from the Moscow concert hall attack on Friday was at least 137, while Russian President Putin declared a day of mourning on Sunday and said all attackers have been found and detained, according to Reuters.
  • Russia’s FSB said the perpetrators of the Moscow attack were heading towards the Russia-Ukraine border and had contacts on the – Ukrainian side, according to IFAX. There were also comments from Russian lawmaker Kartapolov who said there should be a clear answer on the battlefield if Ukraine is found to be behind the Moscow attack, according to RIA.
  • Ukrainian President Zelensky said Russian President Putin and others seek to divert blame for the Moscow concert massacre and that Putin could use the terrorists he sent to their deaths in Ukraine to stop terrorism in Russia.
  • US National Security Council spokesperson said the US government shared information with Russia earlier this month about a planned attack on Moscow, while the spokesperson added that Ukraine has no involvement in the attack on Russia and Islamic State bears sole responsibility for the attack. It was also reported that Islamic State released footage of the attack on the concert hall.
  • France raised its security alert after the attack on Moscow, according to reports citing the French PM.

Geopolitics: Other

  • Ukraine’s military said it hit two Russian large landing ships, as well as a communications centre and infrastructure used by Russia’s Black Sea fleet during strikes on Crimea.
  • Russia violated Poland’s airspace with a cruise missile attack on western Ukraine, while it was later reported that Russia’s air strike hit a Ukrainian facility in the western Lviv region and took control of the village of Krasnoye in the Donetsk region, according to IFAX.
  • Russia scrambled a MiG-31 jet after US bombers approached near the Russian border over the Barents Sea, according to RIA.
  • Gunmen reportedly stormed a police station in the Armenian capital of Yerevan, according to TASS.
  • China’s coastguard used water cannons against Philippine ships in the South China Sea, while China’s Defence Ministry warned the Philippines against provocative actions and to stop infringing and making any remarks that may lead to the intensification of conflicts and escalation of the situation. Furthermore, the Defence Ministry said China will continue to take decisive measures to firmly safeguard its territorial sovereignty and maritime rights and interests if the Philippines repeatedly challenges China’s bottom lines.
  • Philippines’ Foreign Ministry summoned the Chinese Embassy’s Charge D’Affaires and protested against aggressive actions by China’s Coast Guard and maritime militia against rotation and resupply mission over the weekend, while it added that China has no right to be in Second Thomas Shoal and demanded that Chinese vessels leave the vicinity of Second Thomas Shoal and the Philippine Exclusive Economic Zone immediately.
  • US State Department said the US stands with the Philippines and condemns dangerous actions by China in the South China Sea. This was after China said it took control measures on Philippine vessels that ‘intruded’ into the Second Thomas Shoal waters on March 23rd.
  • US and Japan plan the biggest upgrade to security pact in more than 60 years, according to FT. It was also separately reported that the US military command in Japan will be revamped, while Japan’s Chief Cabinet Secretary Hayashi said they are discussing ways to strengthen military cooperation with the US amid a move to a joint command structure in Japan but nothing decided yet.
  • North Korean leader Kim visited a tank unit and called for airtight combat readiness. It was also reported that North Korean leader Kim’s sister said bilateral relations depend on Japan’s political decision and that Japanese PM Kishida showed intention to meet with North Korea’s leader recently, according to KCNA.

US Event Calendar

  • 08:30: Feb. Chicago Fed Nat Activity Index, est. -0.34, prior -0.30
  • 09:00: Bloomberg March United States Economic Survey
  • 10:00: Feb. New Home Sales MoM, est. 2.1%, prior 1.5%
  • 10:00: Feb. New Home Sales, est. 675,000, prior 661,000
  • 10:30: March Dallas Fed Manf. Activity, est. -11.5, prior -11.3

Central Banks

  • 08:25: Fed’s Bostic Participates in Moderated Conversation
  • 09:05: Fed’s Goolsbee Appears on Yahoo Finance
  • 10:30: Fed’s Cook Speaks on Dual Mandate

DB’s Jim Reid concludes the overnight wrap

2 B) NOW NEWSQUAWK (EUROPE/REPORT)

Equities modestly softer, Antipodeans benefit from a stronger CNH, Crude bid; Central bank speak due – Newsquawk US Market Open

Newsquawk Logo

MONDAY, MAR 25, 2024 – 06:32 AM

  • Equities mostly and modestly lower, following on from a downbeat session in China/Japan overnight
  • Dollar is flat, Antipodeans modestly firmer benefitting from a stronger Yuan
  • Bonds are incrementally softer ahead of a 2yr US auction
  • Crude is firmer, whilst base metals are entirely in the red hampered by poor Chinese price action overnight
  • Looking ahead, Comments from ECB’s Lagarde, Fed’s Bostic, Goolsbee, Cook & BoE’s Mann, Supply from the US

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1. Subscribe to the free premarket movers reports

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EUROPEAN TRADE

EQUITIES

  • European bourses, Stoxx600 (-0.2%) initially struggled to find direction, though succumbed to slight selling pressure as the session progressed.
  • European sectors are mostly lower; Energy benefits from broader strength in the crude sector, whilst Kingfisher (-2.5%) weighs on Retail.
  • US equity futures (ES -0.2%, NQ -0.3%, RTY U/C) are mostly but modestly lower, in-fitting with price action seen in Europe; AMD (-2.1%)/ Intel (-2.5%) suffer in the pre-market after China blocked the use of AMD/INTC chips in government computers.
  • Modest pressure in Apple (AAPL), Alphabet (GOOG), and Meta (META) following the EU Commission announcing a digital-market probe into the names.
  • Click here and here for the sessions European pre-market equity newsflow, including earnings.
  • Click here for more details.

FX

  • USD is a touch softer vs. peers but with price action in the FX space broadly contained as newsflow has proved to be non-incremental. Current high of 104.47 is just below Friday’s 104.49 peak.
  • EUR is contained with catalysts currently lacking to inspire price action. EUR/USD holding above Friday’s 1.0801 low. June 25bps ECB cut price at ~87%.
  • Jawboning from Kanda failed to see the JPY regain much ground vs. the USD with the pair not far off the 2023 high at 151.91 and 2022 high at 151.94.
  • Antipodeans are both a touch firmer vs. the USD with not much in the way of pertinent newsflow. AUD/USD briefly pierced Friday’s low at 0.65101 but has stopped shy of testing last week’s low at 0.6503 which lies just ahead of the 0.65 mark.
  • Yuan regaining some ground vs. USD with Chinese banks said to be selling dollars and a firmer fix from the PBoC. USD/CNH down as low as 7.2327 but yet to test Friday’s 7.2175 low.
  • PBoC set USD/CNY mid-point at 7.0996 vs exp. 7.2267 (prev. 7.1004).
  • Chinese major state-owned banks were seen selling dollars for yuan in the onshore FX market to stabilise the Chinese currency, according to sources cited by Reuters.
  • Click here for more details.
  • Click here for FX Option Expiries.

FIXED INCOME

  • USTs are slightly softer ahead of a handful of speakers, New Home sales and then a 2yr sale which is potentially incrementally weighing on the fixed space; currently near lows around 110-22.
  • A relatively contained start to the week for Bunds with the docket thin on the data front, though action could stem from a handful of ECB speakers later today. The calendar doesn’t pick up within Europe until Wednesday’s Flash HICP before the EZ number post-Easter; modest downside has been seen in Bunds, to a low of 132.84 thus far.
  • Gilt price action mirrors EGBs, awaiting fresh fundamentals following the “dovish” shift by the BoE. BoE’s Mann (Hawk) will be closely watched to see if she has entirely abandoned her long-held call for further tightening; currently around 99.80.
  • Click here for more details.

COMMODITIES

  • Crude is firmer despite a lack of fresh fundamental headlines, albeit remains within overnight ranges; Brent May is back around USD 86.00/bbl.
  • Weakness across precious metals as the stronger Dollar exerted pressure while Friday newsflow remains quiet; XAU dipped under yesterday’s low (2,166.45/oz) and trades within a current USD 2,162.64-2,186.13/oz range.
  • Base metals are softer across the board following the risk aversion from Chinese markets overnight coupled with the recovery in the Greenback.
  • Iraq Oil Ministry blamed foreign companies operating in Iraqi Kurdistan for a delay in the restart of crude exports from the region, while it added that OPEC and secondary sources reports show crude production between 200k-225k bpd in the region without the knowledge or approval of the ministry, according to Reuters.
  • Russia’s Kuibyshev oil refinery halts primary unit CDU-5 (70k bpd) after weekend drone attack, via Reuters citing sources.
  • Click here for more details.

NOTABLE EUROPEAN HEADLINES

  • UK Chancellor Hunt said the Conservative Party will keep the triple lock for pension increases in its election manifesto, according to Reuters.
  • BoE announced Q2 QT schedule on Friday in which it will sell short-dated Gilts across four auctions of GBP 800mln and will sell medium-dated Gilts across four auctions of GBP 750mln, while it will sell long-dated Gilts across three auctions of GBP 600mln with its total sales at GBP 8bln in Q2.

NOTABLE US HEADLINES

  • Fed’s Bostic (voter) said on Friday that there is no silver bullet answer on why the economy is doing so well but immigration and productivity are likely playing a role, while he added that data so far indicates inflation will fall slower and he adjusted his projection to one rate cut this year and at a later start vs. previous view of two cuts. Furthermore, he stated that the base case remains for no more hikes and noted they should begin tapering relatively soon but do not have a time in mind yet, according to Reuters.
  • US Senate passed a USD 1.2tln government funding bill which President Biden signed to avert a government shutdown, according to the White House.
  • Morgan Stanley’s US equity strategy upgrades Energy sector to Overweight.
  • China blocked the use of Intel (INTC) and AMD (AMD) chips in government computers. Intel -2.5% / AMD -2.2% in pre-market trade.
  • Apple (AAPL), Google (GOOG), and Meta (META) are probed by EU under the new digital law, according to EU’s Competition Commissioner; EU to seek information on Amazon (AMZN) ranking practices in its marketplace.

GEOPOLITICS

MIDDLE-EAST

  • A leading Hamas source said Israeli media leaks about concessions and compromises offered to Hamas are miserable propaganda aiming to cover up its intransigence and evade responsibility for obstructing the agreement in front of the families of its prisoners, according to Al Jazeera.
  • US Vice President Harris said an Israeli assault on Rafah ‘would be a huge mistake’ and she did not rule out ‘consequences’ if Israel invades Rafah, according to an interview with ABC News.
  • UN Secretary-General Guterres visited Rafah and said it is time for an immediate humanitarian ceasefire, while he added there is a clear international consensus that any ground intervention in Rafah will cause a humanitarian catastrophe.
  • UKMTO said a vessel was struck by an unidentified projectile 23NM west of Yemen’s Mukha and the resulting fire was extinguished by the crew, while the crew were reported safe.
  • “Israel Broadcasting Corporation: Truce negotiations have reached an impasse due to Hamas’ demands”, according to Al Arabiya.

MOSCOW TERROR ATTACK

  • The death toll from the Moscow concert hall attack on Friday was at least 137, while Russian President Putin declared a day of mourning on Sunday and said all attackers have been found and detained, according to Reuters.
  • Russia’s FSB said the perpetrators of the Moscow attack were heading towards the Russia-Ukraine border and had contacts on the – Ukrainian side, according to IFAX. There were also comments from Russian lawmaker Kartapolov who said there should be a clear answer on the battlefield if Ukraine is found to be behind the Moscow attack, according to RIA.
  • Ukrainian President Zelensky said Russian President Putin and others seek to divert blame for the Moscow concert massacre and that Putin could use the terrorists he sent to their deaths in Ukraine to stop terrorism in Russia.
  • US National Security Council spokesperson said the US government shared information with Russia earlier this month about a planned attack on Moscow, while the spokesperson added that Ukraine has no involvement in the attack on Russia and Islamic State bears sole responsibility for the attack. It was also reported that Islamic State released footage of the attack on the concert hall.
  • France raised its security alert after the attack on Moscow, according to reports citing the French PM.

OTHER

  • Ukraine’s military said it hit two Russian large landing ships, as well as a communications centre and infrastructure used by Russia’s Black Sea fleet during strikes on Crimea.
  • Russia violated Poland’s airspace with a cruise missile attack on western Ukraine, while it was later reported that Russia’s air strike hit a Ukrainian facility in the western Lviv region and took control of the village of Krasnoye in the Donetsk region, according to IFAX.
  • Russia scrambled a MiG-31 jet after US bombers approached near the Russian border over the Barents Sea, according to RIA.
  • Gunmen reportedly stormed a police station in the Armenian capital of Yerevan, according to TASS.
  • China’s coastguard used water cannons against Philippine ships in the South China Sea, while China’s Defence Ministry warned the Philippines against provocative actions and to stop infringing and making any remarks that may lead to the intensification of conflicts and escalation of the situation. Furthermore, the Defence Ministry said China will continue to take decisive measures to firmly safeguard its territorial sovereignty and maritime rights and interests if the Philippines repeatedly challenges China’s bottom lines.
  • Philippines’ Foreign Ministry summoned the Chinese Embassy’s Charge D’Affaires and protested against aggressive actions by China’s Coast Guard and maritime militia against rotation and resupply mission over the weekend, while it added that China has no right to be in Second Thomas Shoal and demanded that Chinese vessels leave the vicinity of Second Thomas Shoal and the Philippine Exclusive Economic Zone immediately.
  • US State Department said the US stands with the Philippines and condemns dangerous actions by China in the South China Sea. This was after China said it took control measures on Philippine vessels that ‘intruded’ into the Second Thomas Shoal waters on March 23rd.
  • US and Japan plan the biggest upgrade to security pact in more than 60 years, according to FT. It was also separately reported that the US military command in Japan will be revamped, while Japan’s Chief Cabinet Secretary Hayashi said they are discussing ways to strengthen military cooperation with the US amid a move to a joint command structure in Japan but nothing decided yet.
  • North Korean leader Kim visited a tank unit and called for airtight combat readiness. It was also reported that North Korean leader Kim’s sister said bilateral relations depend on Japan’s political decision and that Japanese PM Kishida showed intention to meet with North Korea’s leader recently, according to KCNA.

CRYPTO

  • Bitcoin climbs higher and back on a USD 67k handle, whilst Ethereum sits just shy of USD 3.5k.

APAC TRADE

  • APAC stocks traded mixed amid a lack of major macro drivers heading into month-end and a slew of data releases.
  • ASX 200 finished higher with early outperformance in property and tech owing to softer yields.
  • Nikkei 225 pulled back from record highs as investors booked profits amid some mild yen strength.
  • Hang Seng and Shanghai Comp. were initially indecisive as participants digested recent earnings releases, although eventually strengthened after the slew of rhetoric from Chinese officials including Premier Li who noted relatively big room for macro policy.

NOTABLE ASIA-PAC HEADLINES

  • Chinese Premier Li said China’s economic rebound momentum continues to consolidate and strengthen with economic development off to a good start judging by the first two months and though the economy sees some fluctuations, the long-term trend of the economy turning for the better won’t be changed. Premier Li said they will carefully study the issues of market access, match of supply and demand, as well as cross-border data flows, while there will be some regulations in some of these areas soon. Furthermore, Li said China will strive to boost domestic demand and that there is relatively big room for macro policy, according to Reuters.
  • China’s Finance Minister said the government is confident and capable of achieving full-year economic and development goals, while China will prioritise support for sci-tech innovation and manufacturing development and allocate more fiscal resources to ensure employment, according to Reuters.
  • China’s Industry Minister said they will accelerate new industrialisation, promote continuous optimisation and upgrading of industrial supply chains, while they will accelerate the modernisation of the industrial system, fully abolish restrictions on foreign investment access in the manufacturing sector, and deepen in-depth cooperation with enterprises from all countries.
  • China NDRC head said the state planner will implement a batch of major sci-tech projects based on the development of new productive forces, while it will crack down on monopolies and unfair competition activity, as well as publish a new version of a negative list for market access, according to Reuters.
  • China’s Vice Commerce Minister said they will further expand high-level opening up to the outside world and create more market opportunities by opening up for development, while China will continue to tap and unleash the potential of domestic demand, providing more trade and investment opportunities.
  • China’s Commerce Minister met with Micron’s (MU) president and said that they welcome the Co. to expand its footprint in the Chinese market and ramp up investment projects while firmly obeying China’s laws and regulations, while China’s Commerce Minister also met with the chairmen of AMD (AMD), Exxon (XOM) and Medtronic (MDT), according to Reuters.
  • China blocked the use of Intel (INTC) and AMD (AMD) chips in government computers.
  • US Treasury Secretary Yellen will travel to China in April, according to POLITICO.
  • US Secretary of State Blinken said the US expresses deep concern over Hong Kong’s security law.
  • BoJ January meeting minutes noted that members said the likelihood of reaching the price goal was gradually rising and members discussed the positive and side effects of the Bank’s unconventional monetary policy. Members also agreed that Japan’s economy had recovered moderately and shared the recognition that, although exports and production had been affected by the slowdown in the pace of recovery in overseas economies, they had been more or less flat.
  • Japan’s top currency diplomat Kanda said they have been closely watching FX moves with a high sense of urgency and will take appropriate steps to respond to an excessive weakening of the yen without excluding any measures, while he added the current yen weakness does not reflect fundamentals and is due to speculation.
  • China’s STCN reports that “there are market rumours that real estate-related documents will be issued soon, which will focus on two directions” (cont)
  • Nissan (7201 JT) targets an additional 1mln units in sales by end-FY2026 vs FY2023; 30 new Models to be launched by FY26, of which 16 will be electrified; dividend and buyback to target total shareholder return of over 30%. Executive says the global EV market is not stopping but starting to plateau to more normal cadence of growth

DATA RECAP

  • Japanese Coincident Index (Jan F) 112.1 (Prev. 110.2); Coincident Indicator Revised (Jan) -3.8% (Prev. -5.8%); Leading Indicator Revised (Jan) -0.4 (Prev. -0.6); Leading Index (Jan F) 109.5 vs Exp. 109.9 (Prev. 110.2)

2C ASIA AFFAIRS

MONDAY MORNING/SUNDAY  NIGHT

SHANGHAI CLOSED DOWN 21.73 PTS OR 0.71%  //Hang Seng CLOSED DOWN 25.83 PTS OR 0.16%         / Nikkei CLOSED DOWN 474.31 PTS OR 1.16% //Australia’s all ordinaries CLOSED UP .56%    /Chinese yuan (ONSHORE) closed UP 7.2126 //OFFSHORE CHINESE YUAN CLOSED UP TO 7.2511 /Oil DOWN TO 80.99 dollars per barrel for WTI and BRENT UP AT 85.92/ Stocks in Europe OPENED MOSTLY ALL RED// ONSHORE YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN  TRADING STRONGER AGAINST US DOLLAR/OFFSHORE YUAN STRONGER

2 d./NORTH KOREA/ SOUTH KOREA/

NORTH KOREA/SOUTH KOREA

END

2e) JAPAN

JAPAN

Japan’s Top FX Official Threatens “Appropriate Action” Against ‘Short Speculators’ As Yen Craters After Rate-Hike

BY TYLER DURDEN

MONDAY, MAR 25, 2024 – 09:10 AM

A quick glimpse at the the Japanese Yen’s price action (against the USD) since the BoJ ‘s decision to hike rates for the first time in 17 years and one could be forgiven for being confused as the ‘hawkish’ move has prompted aggressive ‘dovish’ weakening of the currency, However, as a reminder, this was one of the most dovish rate-hike we’ve seen with endless promises of support if the SHTF and continued JGB buying (despite ending YCC).

Even more notably, the risk of intervention by Japanese officials in the spot market could cap expectations for any further weakness:

“The current weakening of the yen is not in line with fundamentals and is clearly driven by speculation,” vice finance minister for international affairs Masato Kanda told reporters Monday.

“We will take appropriate action against excessive fluctuations, without ruling out any options.”

“We are always prepared,” Kanda said when asked about a possible direct intervention in the currency market.

USDJPY is testing level that saw significant interventions to support the Yen (green ovals below) in Sept/Oct 2022…

Source: Bloomberg

Kanda’s warnings on the currency were his first since February.

“We have seen a large fluctuation of 4% in just two weeks in the dollar-yen, a move that isn’t reflecting fundamentals and I find this unusual,” Kanda said.

It’s always the speculators that get the blame (and in this case there are sizable short spec positions).

Bloomberg reports that hedge funds ramped up bearish yen wagers in the week stretching through the BOJ’s March meeting. Leveraged speculators in the currency market increased their holdings of contracts tied to bets the yen will fall to 80,805, approaching the six-year high of 83,562 reached last month, according to data through March 19 from the Commodity Futures Trading Commission.

Source: Bloomberg

The irony here, of course, is that quietly behind the scenes, Japanese officials wouldn’t mind a weaker Yen, to juice the economy somewhat, although the more the yen drops, the higher the imported inflation, the more the BOJ will have to hike to contain it, and so on.

“The tone of verbal intervention is intensifying and the yen may draw short-term support amid growing risk of real action,” said Takeshi Ishida, a strategist at Resona Holdings Inc. in Tokyo.

“Kanda acknowledges the move is speculative and seems to pay close attention to the 152 line for the currency pair.”

But this is not a unilateral game and the weakness in the Japanese yen appears to have worried Chinese authorities given the two countries’ “competitive export business,” according to Saxo Markets.

The yen is at a 30-year low against the renminbi…

Source: Bloomberg

“I do think JPY has been the biggest concern for Chinese authorities for now,” says Charu Chanana, head of FX strategy in Singapore.

“If the USD/JPY broke above 152, we could likely see the PBOC letting the onshore yuan weaken further towards 7.25.”

PBOC does not have a steady weakening bias for the yuan for now; market’s reaction to Friday’s weak fix likely “alerted authorities against playing this game”

“Too must bearishness isn’t good for a currency that has goals to be the reserve currency.”

Of course, much of the recent movement in USDJPY has been driven by the lass-dovish sentiment from The Fed (stronger dollar, rather than weaker yen) and we also note that despite the rate-hike by The BoJ, the yen-carry trade (which implicitly weighs on the yen versus the dollar) continues to offer solid returns (among the highest among the majors)…

And while the 10Y TSY yield is 50bps or so off its highs relative to 10Y JGBs, it remains extremely high relative to the last decade…

However, the cost of 100% hedging the FX risk makes the switch still unpalatable…

For now, Japanese investors may refrain from repatriating capital until the central bank becomes more hawkish, or the Fed gets closer to cutting rates.

So while USDJPY may be all about trading familiar ranges for the foreseeable future, in the longer run it is going much lower.

3 CHINA

CHINA/

END

4.EUROPEAN AFFAIRS//UK /SCANDINAVIAN AFFAIRS

EUROPE

END

5. RUSSIA AND MIDDLE EASTERN AFFAIRS.

ISRAEL HAMAS/USA

END

ISRAEL/GAZA/HAMAS/SHIFA HOSPITAL

IDF arrests over 800 terrorists in Gaza’s Shifa, northern Israel under attack

Israel’s UN ambassador pleads with members of the security council to place blame on Hamas • IDF fights on in Gaza’s Shifa Hospital

IDF troops operating in Gaza, March 23, 2024.(photo credit: IDF SPOKESPERSON UNIT)

Over 170 terrorists eliminated, 800 arrested after latest raid of Shifa Hospital

Israeli forces questioned over 800 suspects and located numerous weapons as part of a multi-day operation to clear the hospital of terror.

By JERUSALEM POST STAFFMARCH 23, 2024 09:48Updated: MARCH 23, 2024 15:55

Israeli troops operating in Gaza, March 23, 2024. (photo credit: IDF SPOKESPERSON UNIT)
Israeli troops operating in Gaza, March 23, 2024.(photo credit: IDF SPOKESPERSON UNIT)

The IDF and the Shin Bet (Israel Securty Agency) conducted additional raids into al-Shifa Hospital on Friday as part of ongoing ground operations in the Gaza Strip.

The joint forces eliminated dozens of terrorists during the last day’s raid, according to an IDF spokesperson.

“The IDF and Shin Bet are continuing to conduct precise operational activity in the Shifa Hospital area while preventing harm to civilians, patients, medical teams, and medical equipment.”

Over the course of the current multi-day operation, more than 170 terrorists in the hospital and surrounding area were eliminated. Israeli forces questioned over 800 suspects and located numerous weapons and terrorist infrastructures.

IDF troops operating in Gaza, March 23, 2024. (credit: IDF SPOKESPERSON UNIT)
IDF troops operating in Gaza, March 23, 2024. (credit: IDF SPOKESPERSON UNIT)

Strikes throughout the Gaza Strip

Israeli fighter jets struck approximately 35 targets throughout the Gaza Strip, including operational command centers, military posts, and infrastructure belonging to terror organizations, as well as assisted operations of IDF ground troops.

Nahal Brigade troops eliminated approximately 15 terrorists in central Gaza.

The troops identified several terrorist cells barricaded inside a compound and eliminated them by precise sniper fire, a precise missile strike, and a helicopter strike. 

In a separate incident, two identified terrorists in the area were eliminated by a precise missile strike.

Five of the wounded Palestinians at the hospital have died, the Hamas-run health ministry said in a statement on Saturday.

END

ISRAEL/GAZA/HAMAS/SHIFA HOSPITAL/KHAN YOUNIS HOSPITAL/MONDAY

ZEROHEDGE

Hamas Urges ‘Superpower Americans & Europeans’ To Put More Pressure On Netanyahu

BY TYLER DURDEN

MONDAY, MAR 25, 2024 – 04:15 AM

On Saturday Mossad chief David Barnea and his American counterpart, Bill Burns, left Doha following the latest round of talks on Israel-Hamas truce efforts. Regional reports say progress is still stalled, but negotiators are said to be getting down to “details and a ratio for the exchange of hostages and prisoners.”

Currently there’s heavy fighting as Israeli forces have encircled hospitals in Khan Younis. A major Israeli assault at al-Shifa hospital reportedly resulted in the Israel Defense Forces (IDF) capturing some 800 Hamas suspects, including commanders. The IDF further said that at least 170 Hamas gunmen were killed in the weekend raid.

As major battles ensue at Khan Younis, and as Prime Minister Netanyahu is readying the military to go into Rafah even amid Washington objections, Hamas is complaining about “misinformation” emerging from the Qatar-hosted truce talks.

Hamas has said the Israeli side is refusing to take its conditions seriously, with Israeli negotiators only focusing on the release of all the hostages and not Hamas’ demand of a ‘total withdrawal’ of Israeli troops from the strip and a permanent end to the war.

Hamas’s political bureau official Bassem Naim saod “Hamas has clearly told the mediators that we cannot accept negotiating any prisoner deal unless the Israelis give these guarantees.”

Interestingly it appears that Hamas is seeking to use current strained relations between Washington and Tel Aviv as leverage. The Hamas representative further echoed talking points of anti-Netanyahu demonstrators in Israel as well:

Naim said it was “shocking” that the latest Israeli proposals retract points previously agreed on at prior talks, the news agency reported. 

“Now suddenly, the Israelis are rejecting these. We believe it is not about a ceasefire, it is about Netanyahu using the negotiations as a cover to gain more time to continue his plans for the complete bombardment of the rest of the Gaza Strip, including Rafah, and to relieve international pressure,” said Naim.

“We told the negotiators tonight we’re not ready to discuss any further proposals. There are talks between the Israelis and the negotiators. There are no talks with us,” he continued.

He said the West must exert more pressure: “It is up to the superpower Americans and Europeans to exercise more pressure on Netanyahu not endanger the whole region and undermine any chance of long-term stability, security and prosperity,” Naim said.

In the meantime, Israeli hostages continue to die in captivity, with Hamas announcing the death of a 34-year-old Israeli captive on Sunday, identified as Yagev Buchshtav. The group said this was due to “lack of medicine and food”. A Hamas statement said, “We had previously warned that enemy prisoners are suffering from the same conditions that our people are suffering from.” 

END

ISRAEL/HAMAS TODAY/SHIFA HOSPITAL KHAN YOUNIS AND RAFAH

TODAY!!

IDF: Hamas gunmen are ‘destroying’ Shifa, firing from emergency room, maternity ward

Israel rejects responsibility as terror group claims 13 patients have died because of IDF raid; Hamas admits key operatives killed, nabbed at hospital; 8 rockets fired at Ashdod

By EMANUEL FABIAN, FOLLOW
AGENCIES and TOI STAFFToday, 4:18 pm

Troops of the Navy’s Shayetet 13 commando unit operate at Gaza City’s Shifa Hospital, in a handout image published March 25, 2024. (Israel Defense Forces)

The Israel Defense Forces on Monday accused Hamas gunmen of firing at troops from Shifa Hospital’s emergency room, maternity and burn wards, as the terror group claimed patients were dying due to the ongoing military operation in the facility.

“Right now, Hamas and Islamic Jihad terrorists are barricading themselves inside Shifa hospital wards. Hamas is destroying Shifa Hospital,” IDF Spokesman Rear Adm. Daniel Hagari said in an English-language video statement. “Hamas is firing from inside the Shifa emergency room and maternity ward and throwing explosive devices from the Shifa burn ward. Terrorists hiding around the hospital fired mortars at our forces, causing extensive damage to the hospital buildings.”

The IDF said the number of confirmed members of Hamas and Palestinian Islamic Jihad captured by troops at the Gaza City medical center had risen to 500, out of over 800 suspects arrested since the raid began last week.

Hamas has said that at least 13 patients have died during the ongoing IDF raid, alleging that they were deprived of medication or that their ventilators stopped working after Israeli forces cut hospital electricity, The New York Times reported.

International law stipulates that while a medical facility is a protected site in conflict, it loses that status if it is used for military activity. Israel has offered evidence Hamas uses such facilities as cover for terror purposes and says the group plunders humanitarian aid to take supplies for its fighters, depriving the civilian population.

Israel has said those arrested at Shifa include several “very significant” senior Hamas and PIJ commanders. Seemingly confirming that, an unnamed Hamas official told Lebanon’s Al-Akhbar newspaper that the significance of commanders from the group who had been detained or killed during the operation should not be underestimated.

“Nobody should underestimate the size of the infiltration carried out by the enemy army at Al-Shifa Hospital, nor underestimate the importance of the figures who were arrested or executed,” the source told the outlet linked to the Hezbollah terror group.

A Palestinian man lies on the ground as he awaits medical attention at the Shifa hospital in Gaza City on March 15, 2024, amid the ongoing conflict between Israel and Hamas. (AFP)

However, the source asserted that “the resistance dealt with the current situation and was able to reshape its ranks, given the possibility that the enemy would obtain new information as a result of the investigation of the detainees. There are indications that the resistance is still fine and that all the current losses can be absorbed and lived with.”

Palestinians living near the hospital have reported hellish conditions, including corpses in the streets, constant bombardment and the rounding up of men, who are stripped to their underwear and questioned.

In his statement, Hagari said, “170 terrorists were neutralized in or around the Shifa Hospital compound while firing at our forces. The IDF apprehended hundreds of terror suspects with confirmed ties to Hamas or Islamic Jihad, making this one of the most successful operations since the start of the war.”

“A large number of these terrorists were involved in planning and executing the brutal massacre of October 7,” he said.

Hagari said the operation “is not over.”

Appearing to respond to Hamas’s accusations of mistreatment toward patients, Hagari said the IDF “operates with precision and acts with care toward the patients and medical staff inside the hospital.”

“We do this because we distinguish between Hamas terrorists and the civilians they are hiding behind,” he said.

By contrast, he said, “I repeat: Hamas is firing mortars at Shifa Hospital. Hamas is destroying Shifa Hospital. Hamas hijacked Shifa Hospital and hides behind the sick and injured, waging war from inside Shifa Hospital.”

IDF Spokesman Rear Adm. Daniel Hagari delivers an English-language video statement, March 24, 2024. (Israel Defense Forces)

Rockets at Ashdod

As fighting raged throughout the Gaza Strip, a barrage of eight rockets was fired from the enclave at Ashdod on Monday afternoon, with Hamas claiming responsibility for the attack.

Two of the rockets were intercepted, while the rest apparently struck open areas, the IDF said.

There were no immediate reports of damage or injuries.

Rocket attacks from Gaza on Israeli towns have become rare amid Israeli gains in the war. The last time rockets were fired at Ashdod, some 25 kilometers from the Strip, was on January 14.

Fighting throughout Gaza

Meanwhile, the army denied some media reports Monday claiming there had been an infiltration into Israeli territory from Gaza.

“IDF forces are deployed and prepared in the area,” the IDF added.https://www.timesofisrael.com/idf-hamas-gunmen-are-destroying-shifa-firing-from-emergency-room-maternity-ward/

https://customer-b1ezbl4fz7l5vj5n.cloudflarestream.com/fd59510986c786363052e98fd6191b9f/iframe

In the southern Strip, the IDF said troops killed some 20 gunmen during an ongoing and new offensive against Hamas in Khan Younis’s Al-Amal neighborhood, led by the 98th Division.

The military said dozens of suspects were questioned by field interrogators of the Shin Bet security agency and the Military Intelligence Directorate’s Unit 504, as the IDF enabled hundreds of civilians to evacuate the Al-Amal area.

In central Gaza, the IDF said the Nahal Brigade killed several terror operatives, including one who was targeted in an airstrike after being spotted entering and exiting a tunnel.

Over the past day, Israeli Air Force fighter jets targeted some 50 sites across the Strip, according to the IDF. Attack helicopters and drones struck several more targets and killed some 10 gunmen, the army added.

Rafah, the last refuge for over a million Palestinians on the Gaza Strip’s southern border with Egypt, was among cities that came under fire in the latest strikes.

Palestinian medics said 30 people had been killed in the previous 24 hours in Rafah, whose population has been swollen by displaced Palestinians escaping fighting elsewhere in Gaza after more than five months of war. The numbers cannot be independently verified.

A man inspects the damage to a building after an overnight Israeli bombardment in Rafah in the southern Gaza Strip on March 25, 2024. (Mohammed Abed/AFP)

“Every bombing that takes place in Rafah, we fear the tanks will come in. The past 24 hours were one of the worst days since we moved into Rafah,” said Abu Khaled, a father of seven, who declined to give his full name for fear of reprisals.

Israeli officials have said Rafah is Hamas’s last major stronghold in Gaza, with four active battalions. It insists that a ground offensive in Rafah is crucial to the goal of eliminating Hamas and will take place after civilians are safely evacuated, but has yet to provide details on where they are meant to go.

“In Rafah, we live in fear, we are hungry, we are homeless and our future is unknown. With no ceasefire in sight, we might end up dead or displaced somewhere else, maybe north and maybe south [to Egypt],” he told Reuters via a chat app.

Dozens of Palestinians took part in rallies and attended funerals early on Monday after an Israeli airstrike killed 18 Palestinians in one house in Deir el-Balah in central Gaza, Palestinian medics and witnesses said.

‘Unimaginable’ situation at European Gaza Hospital

Aid groups released a statement Monday after they visited the European Gaza Hospital near Khan Younis, where they witnessed an “unimaginable” situation in which patients with large open wounds were left untreated.

An emergency medical team organized by three aid groups spent two weeks carrying out surgeries and other care at the medical center.

The team charged that Israeli restrictions had led to shortages of medical supplies, including basics like gauze and plates and screws used to stabilize broken bones.

Israel insists that there are no limits to the amount of inspected aid whose entry into Gaza it is willing to facilitate and that the United Nations is failing to keep pace, while Hamas and armed groups divert assistance from civilians. The UN says aid distribution has become incredibly difficult amid the fighting.

A Palestinian man mourns the death of relatives allegedly killed in an Israeli bombardment, at the morgue of the European Hospital in Khan Younis in the southern Gaza Strip on March 23, 2024. (Said Khatib/AFP)

The visiting surgeons “reported large infected open wounds on patients and having to administer emergency nutritional supplies to patients as the lack of food was jeopardizing patient treatment.”

Hospitals in Gaza are struggling amid the ongoing war that erupted on October 7, when Palestinian terror group Hamas launched a massive cross-border attack on Israel that killed 1,200 people, mostly civilians. The terrorists also abducted 253 people who were taken as hostages in Gaza, over half of whom remain captive.

Israel responded with an air, sea and ground military campaign to destroy Hamas, remove it from power in Gaza, and free the hostages.

Vowing to destroy Hamas, Israel launched a wide-scale military campaign in Gaza, aiming to destroy the terror group and return the hostages. The Hamas-run health ministry in Gaza said Monday that 32,333 Palestinians have been killed and 74,694 injured since October 7. The unverified figure does not differentiate between combatants and civilians and is believed to include Palestinians killed by terror groups’ rocket misfires and at least 13,000 terror operatives Israel says it has killed in battle. Israel also says it killed some 1,000 terrorists inside Israel on October 7.

END

WEST BANK

IDF makes arrests in the West Bank, maps home of Friday terrorist

By JERUSALEM POST STAFFMARCH 23, 2024 13:48Updated: MARCH 23, 2024 14:12

IDF troops in the West Bank arrested several people overnight and confiscated terror funds in a separate incident, according to an IDF statement on Saturday.

Troops also mapped the home of Mujahid Barkhat Mansour, the terrorist who carried out Friday’s attack at Parsa junction. Troops mapped Mansour’s house in Dayr Ibzi’ for demolition, in line with Israeli policy.

IDF, Shin Bet (Israel Security Agency), and Border Police troops arrested two suspects in the city of Nablus and a wanted man in Al-Ram, north of Jerusalem.

Troops also arrested another man in Tulkarm in a separate incident, as well as confiscated funds destined for terrorist activity.

END

/RUSSIA//ISIS

Islamic State releases photo of alleged attackers behind Russia terror attack

Putin vowed to punish those behind concert massacre.

By REUTERSMARCH 23, 2024 14:58Updated: MARCH 23, 2024 17:27

Photo of the terrorists allegedly responsible for the terror attack in Moscow, March 23, 2024. (photo credit: Amaq News Agency)
Photo of the terrorists allegedly responsible for the terror attack in Moscow, March 23, 2024.(photo credit: Amaq News Agency)

Islamic State released on Saturday a photo of what it said were the four attackers behind a shooting rampage that killed at least 143 people in a concert hall near Moscow on Friday, the terrorist group’s Amaq news agency said on Telegram.

The publication noted that the attackers were armed with grenades, explosive devices, firearms, and knives. It was also reported that four ISIS terrorists carried out the attack – three of them were firing shots with firearms, while the fourth used explosives at the scene, Ynet reported.

“The attack comes within the context of a raging war between the Islamic State and countries fighting Islam,” Amaq added in a statement citing security sources.

Islamic State claimed responsibility for the attack but there were indications that Russia was pursuing a Ukrainian link, despite empathic denials from Ukrainian officials that Kyiv had anything to do with it.

Russian authorities said on Saturday they had arrested 11 people including four suspected gunmen in connection with the attack.

Vehicles of Russian emergency services are parked near the burning Crocus City Hall concert venue following a reported shooting incident, outside Moscow, Russia, March 22, 2024. (credit: MAXIM SHEMETOV/REUTERS)
Vehicles of Russian emergency services are parked near the burning Crocus City Hall concert venue following a reported shooting incident, outside Moscow, Russia, March 22, 2024. (credit: MAXIM SHEMETOV/REUTERS)

Although US officials have confirmed to several media outlets that ISIS is behind the attack,  Russia’s Federal Security Service (FSB) insists that the terrorists have ties to Ukraine.

Putin addressed the nation

Putin cast the enemy as “international terrorism” and said that he was ready to work with any state that wanted to defeat it.

“All the perpetrators, organizers and those who ordered this crime will be justly and inevitably punished. Whoever they are, whoever is guiding them,” Putin said. “We will identify and punish everyone who stands behind the terrorists, who prepared this atrocity, this strike against Russia, against our people.”

A senior Russian lawmaker, Andrei Kartapolov, said that if Ukraine was involved, then Russia must deliver a “worthy, clear and concrete” reply on the battlefield.

Verified footage from Friday’s attack showed camouflage-clad gunmen opening fire with automatic weapons at concert-goers in the Crocus City Hall near the capital. Video showed people taking their seats, then rushing for the exits as repeated gunfire echoed above screams.

Investigators said some died from gunshot wounds and others in a huge fire that broke out in the complex. Reports said the gunmen had lit the blaze using petrol from canisters they carried in rucksacks.

People fled in panic. Baza, a news outlet with good contacts in Russian security and law enforcement, said 28 bodies were found in a toilet and 14 on a staircase. “Many mothers were found embracing their children,” it said.

Russian lawmaker Alexander Khinshtein said the attackers had fled in a Renault vehicle that was spotted by police in Bryansk region, about 340 km (210 miles) southwest of Moscow on Friday night. He said a car chase ensued after they disobeyed orders to stop.

Khinshtein said a pistol, a magazine for an assault rifle, and passports from Tajikistan were found in the car. Tajikistan is a mainly Muslim Central Asian state that used to be part of the Soviet Union.

A suspect was interrogated

TV editor Simonyan published a video showing one of the suspects, a young, bearded man, being interrogated aggressively by a roadside, replying in heavily accented Russian to a series of barked questions. He said he had flown from Turkey on March 4 and had received instructions from unknown people via Telegram to carry out the attack in exchange for money.

The man was trembling throughout the questioning. He was initially shown lying on his stomach with his hands bound behind his back, his chin resting on the boot of a figure in camouflage uniform. Later he was hauled up onto his knees.

Another man with cuts and bruises to his face was shown being questioned via an interpreter while sitting on a bench with bound hands and feet.

The Kremlin said Putin had held conversations with the leaders of Belarus, Uzbekistan and Kazakhstan in which all sides affirmed their willingness to work together to fight terrorism.

Citizens donating blood

Long lines formed in Moscow on Saturday for people to donate blood. Health officials said more than 120 people were wounded.

Islamic State, the terrorist group that once sought control over swathes of Iraq and Syria, claimed responsibility for the attack, the group’s Amaq agency said on Telegram.

Islamic State said its fighters attacked on the outskirts of Moscow, “killing and wounding hundreds and causing great destruction to the place before they withdrew to their bases safely.” The statement gave no further detail.

The United States has intelligence confirming Islamic State’s claim of responsibility for the shooting, a US official said. The official, speaking on condition of anonymity said Washington had warned Moscow “appropriately” in recent weeks of the possibility of an attack.

Friday’s attack, about 20 km (12 miles) from the Kremlin, happened two weeks after the US embassy in Russia warned that “extremists” had imminent plans for an attack in Moscow.

Hours before the embassy warning, the FSB said it had foiled an attack on a Moscow synagogue by Islamic State’s affiliate in Afghanistan, known as ISIS-Khorasan or ISIS-K, which seeks a caliphate across Afghanistan, Pakistan, Turkmenistan, Tajikistan, Uzbekistan and Iran.

Putin changed the course of the Syrian civil war by intervening in 2015, supporting President Bashar al-Assad against the opposition and Islamic State.

“ISIS-K has been fixated on Russia for the past two years, frequently criticizing Putin in its propaganda,” said Colin Clarke of the Soufan Center, a New York-based research group.

The broader Islamic State group has claimed deadly attacks across the Middle East, Afghanistan, Pakistan, Iran, Europe, the Philippines, and Sri Lanka.

The United States, European and Arab powers and many former Soviet republics expressed shock and sent their condolences. The United Nations Security Council condemned what it called a “heinous and cowardly terrorist attack.”

Russia tightened security at airports, transport hubs and across the capital – a vast urban area of more than 21 million people – and big public events were canceled across the country.

end

ROBERT H TO US;

NATO has it’s war

Whatever now happens be assured the gloves are coming off on the fools in Ukraine and their string pullers.

https://telegra.ph/Its-War-the-Real-Meat-Grinder-Starts-Now-03-23

END

RUSSIA/UKRAINE

Russia strikes back

Swathes Of Ukraine Go Dark After Russia Pummels Electrical Power Facilities In Huge Retaliation

SATURDAY, MAR 23, 2024 – 07:35 AM

We reported earlier on the clear escalation in Ukraine’s cross-border strikes on Russia’s energy infrastructure, during which time Moscow has in turn ramped up its own major airstrikes on Ukraine’s facilities. 

The Russian Defense Ministry (MoD) in a press briefing detailed its retaliatory attacks which it described as a direct response to the shelling of Russian territory. The MoD confirmed that it has hit “energy and military industry facilities, railway junctions and arsenals.”

Significantly the country’s largest hydroelectric plant at Dnieper has been shut down after what appears a major missile strike impacting its vital operations. Various regions impacted have been left without power, and there are widespread reports of new internet outages in Ukraine. 

Russia’s military touted that “all the goals of the massive strike have been achieved” – which reportedly included hits on “foreign military equipment and ordnance delivered by NATO countries” which were destroyed, according to state-run TASS.

Unconfirmed footage is widely circulating which shows a Russian cruise missile slam into the Dnieper Hydroelectric Power Plant:

Status-6 (Military & Conflict News)

@Archer83Able

#WATCH: The moment when a Russian Kh-101 cruise missile hit the Dnipro Hydroelectric Station this morning. The missile can be seen releasing flares/decoys seconds before impact.

0:05 / 0:20

Quote

Status-6 (Military & Conflict News)

@Archer83Able

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Mar 22

Ukraine’s Dnipro Hydroelectric Station, the largest hydroelectric power station on the Dnieper river, hit by Russian missile strikes this morning.

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US state-backed RFERL has also reported Zaporizhzhya nuclear plant was impacted in the large wave of Friday’s Russian air assault: 

Many parts of Ukraine are experiencing blackouts after a massive wave of Russian strikes on March 22 targeted Ukraine’s energy infrastructure, killing at least four people, hitting the country’s largest dam, and temporarily severing a power line at the Zaporizhzhya nuclear plant.

Large swathes of Ukraine have gone dark, connectivity data shows:

Update: Real-time metrics show further declines to connectivity in #Ukraine after a coordinated missile attack by Russian forces; infrastructural impacts are most evident in Dnipropetrovsk, Kharkiv, Vinnytsia and Khmelnytskyi, while Kyiv and others have also been targeted

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Below is a list of impacted targets on Friday, via a statement by Russia’s defense ministry:

– Generating facilities and power transmission and distribution systems were damaged in various regions of Ukraine, Ukrainian Energy Minister German Galushchenko said.

– Power company Ukrenergo reported that dozens of energy system facilities have been damaged, with the most severe situation occurring in the Dnepropetrovsk, Kirovograd, Odessa and Kharkov regions.

– Ukraine’s DTEK energy holding company has reported major damage to equipment at the country’s thermal power plants, without specifying which TPPs it was referring to.

– Damage to critical and industrial infrastructure was reported in the majority of Ukraine’s regions, both in the east and center of the country, as well as in its western regions.

– The country is experiencing widespread Internet disruptions, particularly in Vinnytsia, Dnieper, Kharkov and Khmelnitsky.

– Electricity is out in almost the entire city of Kharkov, as well as in many districts of Dnieper, Krivoy Rog, Kropivnitsky, Khmelnitsky and neighboring cities. Starokonstantinov, Khmelnitsky Region, near where a military airfield is located, is also blacked out.

– Kharkov is also experiencing problems with water supply and communications, including telephone communications. Railway operations have switched over to diesel locomotives; electric-powered modes of transport have shut down.

– Naftogaz of Ukraine reported damage to the company’s facilities. According to Naftogaz CEO Alexey Chernyshev, the matter concerns “localized damage to the gas pipeline and disconnection of facilities from the power supply.”

And with Friday’s terror attack by unknown gunmen on a Moscow concert venue and mall, this rapid escalation is sure to continue.

END

Moscow Terror Attack Suspects Hauled Before Court, One Literally Unconscious

BY TYLER DURDEN

MONDAY, MAR 25, 2024 – 06:44 AM

Update(2235ET): Images widely circulated Sunday showing the Moscow concert hall terror attack suspects being hauled before court. One of them was literally unconscious as clearly they have been severely roughed up – and likely tortured – by security services. Russian authorities haven’t been shy about this considering the number of videos now circulating showing portions of the intense and physical interrogations in action. The maximum penalty is reported to be life imprisonment, though it’s likely that torture or continued harsh physical punishment awaits them. According to more details from Russian media:

A Moscow court convened late on Sunday to hear prosecutors’ demands on pre-trial detention for a group of men detained in the aftermath of Friday’s Crocus City Hall attack, which claimed lives of over 130 people.

The suspects, all of whom are nationals of Tajikistan, appeared individually. Thus far, terrorism charges have been levelled against 32-year-old Dalerdzhon Mirzoyev, who faces a life sentence if found guilty. Prosecutors told Judge Timur Vakhrameev that the suspect had admitted his guilt. 

The court has opted to rule behind closed doors.

One of the shooters literally unconscious in court pic.twitter.com/24B74sbl6n— What the media hides. (@narrative_hole) March 24, 2024

Below is what is known of the four thus far, based on statements in Russian media: 

1) Dalerjon Mirzoev – Confessed – 32, Illegal Immigrant from Tajikistan, overstayed work visa, father of 4 young children.

2) Saidakrom Rachabalizoda – 28, allegedly born in Tajikistan, lives in Moscow.

3) Shamsiddin Fariduni – 24, Born in Tajikistan, factory worker, father of an 8-month-old baby.

4) Muhammadsobir Fayzov – Hairdresser, wheeled in on a stretcher to court. All have reportedly been charged under Russia’s “Terrorist Act” for their alleged involvement in the Crocus City Hall terrorist attack.

* * *

Russian state media has underscored that “partners and geopolitical rivals alike have joined the chorus expressing horror in the wake of the Crocus City Hall attack.”

This has somewhat surprisingly included a statement of solidarity from Washington, as the death toll has has risen to 137 killed. “The United States strongly condemns yesterday’s deadly terrorist attack in Moscow,” Secretary of State Antony Blinken said in a Saturday statement. “We condemn terrorism in all its forms and stand in solidarity with the people of Russia in grieving the loss of life from this horrific event.”

Even NATO issued a statement of condolence, with NATO spokesperson Farah Dakhlallah saying on X that the Western military alliance “unequivocally condemn the attacks targeting concertgoers in Moscow.” 

“Our deepest condolences to the victims and their families,” she said, adding that “nothing can justify such heinous crimes.” Pope Francis too has offered special prayers for victims on Sunday.

But still Western officials hit back at President Putin’s attempts to link the terror attack, which ISIS-K has reportedly taken responsibility for, to Ukraine. Both the president and Kremlin officials have alleged the gunmen were trying to escape through Ukraine territory, utilizing a ‘window’ of support from across the border.

The fire which raged for many hours in the wake of the terror attack gutted the Crocus complex and part of the roof caved in. Below is stunning video of the aftermath:

UK Chancellor of the Exchequer Jeremy Hunt has told Sky News that Britain has “very little confidence in anything the Russian government says.”

“We know that they are creating a smokescreen of propaganda to defend an utterly evil invasion of Ukraine. But, that doesn’t mean that it’s not a tragedy when innocent people lose their lives, when you have horrible bombings,” Hunt said. Hunt further emphasized that London takes “what the Russian government says with an enormous pinch of salt… after what we have seen from them over the last few years.”

Meanwhile Russia continues to investigate who was ultimately behind the attack as it currently has eleven people in custody, and among them are said to be the four gunmen.

Videos have emerged online showing some of their apprehensions as well as confessions, surrounded by several Russian security service personnel.

While Russian authorities are still very early in their investigation, the ‘confessions’ and claims and counter-claims which are still emerging remain bizarre and murky:

On Saturday, RT Editor-in-Chief Margarita Simonyan posted footage of the interrogation of one of the suspects. The man in the video claims that he went on the killing spree after he was promised 500,000 rubles ($5,400).

The suspect also claimed that his handlers had instructed him as to where the attack should take place. He said he was ordered to “kill people there… doesn’t matter who.” The suspect claimed that the terrorist act was organized on Telegram with an unknown person who provided weapons.

Russia has said the attackers are not Russian citizens…

Tajik terrorists were brought to #Moscow for interrogation.

Investigative actions will be carried out with them.#MoscowTerroristAttack #Moscou #isis #russia #CrocusCityHall pic.twitter.com/m5NkagP5W3— WorldNews (@FirstWorldNewss) March 24, 2024

The gunmen had later the same day of the attack been apprehended in Bryansk Region, “not far from the border with Ukraine,” according to Russian official statements.

Amid an ongoing flurry of speculation over the circumstances surrounding the Crocus Hall massacre, and the question of whether state actors or intelligence services may be involved, more videos have emerged which appear to tie the attackers to the Islamic State.

Prior social media claims that asserted one or more attackers were Ukrainian appear to have been debunked. Various theories continue to be advanced, also by mainstream pundits. Independent journalists such as Glenn Greenwald have pointed out that there are many more questions than there are answers at this point, but an MSM narrative has already quickly solidified.

In a statement released Sunday, the Russian Investigative Committee detailed that “Four sets of combat ammunition, with more than 500 bullets and 28 magazines, and two Kalashnikov assault rifles, which the attackers were armed with, were confiscated from the scene of the tragedy.”

The SITE Intelligence Group, which is often cited and relied upon in Western media, claims that the Islamic State through its official channels has “revealed the four fighters involved in the Moscow concert hall operation” and is “boasting” about its “fiercest attack in years.” Russia has long been an avowed enemy of ISIS, especially after the Russian military intervention in Syria starting in 2015, when Putin joined Assad in battling jihadists in the war-ravaged country.

ISIS propaganda channels have reportedly released cell phone videos from the attackers themselves…

Meanwhile, the Russian government has continued to question what intelligence concerning the planned attack that Washington may have had ahead of time. In a March 7 emergency alert, the US Embassy in Moscow said it was “monitoring reports that extremists have imminent plans to target large gatherings in Moscow, to include concerts.”

The embassy further urged all US nationals in the country to remain vigilant and “monitor local media for updates.” The Kremlin has demanded answers and even raised the possibility of Western involvement, given also the current claims that the terrorists may have had a ‘Ukraine connection’. 

Some of the newly released footage is extremely graphic, in one instance showing a man’s throat being slit (the below is censored for online release):

Russian ambassador to the US Anatoly Antonov has on Sunday issued a statement saying that it was the United States which first destroyed anti-terrorism cooperation between the two countries. However, anonymous US intelligence officials who spoke to major US media outlets claim that Moscow was notified that a big terror act was going to happen. But Antonov has said “some things [in this cooperation] worked out… and it is all destroyed today through no fault of our own.”

“We did not receive any notifications or messages in advance,” Antonov told RIA. However, White House spokesman John Kirby has sought to clarify, “I’m not aware of any advance knowledge that we had of this.”

end

6.Global Issues//COVID ISSUES

COVID ISSUES/VACCINE ISSUES//DRUG ISSUES

(EPOCH TIMES)

Those Who Are ‘Vaxxed And Boosted’ May Have ‘Immune Imprinting’ That Ignores New Jabs

MONDAY, MAR 25, 2024 – 05:00 AM

Authored by Marina Zhang via The Epoch Times (emphasis ours),

People who have taken at least three doses of the original version of the COVID-19 mRNA vaccine have been strongly immune imprinted, a study by the University of Washington (UW) found.

Consequently, when vaccinated with the most recent COVID-19 XBB.1.5 mRNA boosters, recipients produced few to no antibodies specific to the XBB.1.5 variant.

Immune imprinting occurs when previous infections or vaccinations leave such a strong immune memory that the body continues to produce immune cells and antibodies targeting the previous immune experience—even when exposed to a new variant or vaccine.

“[Immune imprinting] could be a problem if the person was unable to mount a useful immune response against a new variant,” Dr. Stanley Perlman, an immunologist and microbiologist at the University of Iowa, told The Epoch Times. He was not involved in the study.

While that did not occur in this study, most of the antibodies made following vaccination targeted the original COVID-19 variant and not XBB.1.5. 

Surprising Findings

“Imprinting is not a new concept, but the situation we are looking at seems to be quite unique,” said David Veesler, who has a doctorate in structural biology, is a professor and chair in the Department of Biochemistry at UW, and an investigator with the Howard Hughes Medical Institute, in a press release.

Immune imprinting is a well-recognized phenomenon that can occur with other infections and viruses.

New influenza infections distinct from previous variants can overcome imprinting from influenza vaccinations and infections.

However, in the UW study, immune imprinting persisted even among those infected with new omicron variants.

“It is completely different from what we know from the influenza virus,” said Mr. Veesler.

“Immune imprinting persists after multiple exposures to Omicron spikes through vaccination and infection, including post XBB.1.5 booster vaccination, which will need to be considered to guide future vaccination,” the authors wrote.

More than 20 people with a history of three or more Wuhan-variant mRNA vaccines participated in the study. Most had been infected with pre- and post-omicron COVID-19 infections.

In addition to the original mRNA vaccines, most participants took the bivalent booster or the XBB.1.5 booster. By the time of the study, all participants had taken four to seven shots.

The authors found that most of the antibodies produced after XBB.1.5 mRNA inoculation were best at neutralizing the original Wuhan COVID-19 variant.

The antibodies had the second-greatest neutralizing potency against the BA.2.86 omicron variant. The antibodies were third most potent against XBB.1.5 in people who took the XBB.1.5 vaccine.

These antibodies were cross-reactive, meaning they could also bind to other variants, including the XBB.1.5 variants.

However, there were few to no antibodies specific to XBB.1.5.

Some people did produce new immune cells that recognized only XBB.1.5. However, of the 12 participants evaluated, only five had immune cells that recognized XBB.1.5 but not the Wuhan variant.

“Most of the antibodies recalled by the updated vaccine boosters are cross-reactive and help block new variants, which is a good thing. However, could we do an even better job? The answer is most likely yes,” said Mr. Vessler.

2 Possible Reasons

“There are two leading hypotheses about what we are seeing,” Mr. Veesler said in the press release, “and I don’t know which of the two options explains it yet.”

One hypothesis is that residents of Seattle, where most of the samples came from, were exposed to the virus so many times—mainly through vaccination but also infection—that they developed antibodies and immune memory cells preferable to the original virus.

“People in Seattle, including myself, have been so compliant,” Mr. Veesler said. “We have been exposed many, many times over the past four years through vaccination and usually at least one infection. And that’s very unusual to have so many exposures in such a short amount of time—up to seven vaccine doses in the cohort we analyzed.”

Another reason is that the mRNA vaccine creates a more robust immune imprinting effect than previously known vaccines. The authors cited another study that found inoculating with killed COVID-19 viruses rendered a reduced imprinting effect in humans.

“Inactivated vaccines induce a weaker immune response, so there is less opportunity for the response to be biased [toward one variant],” Dr. Perlman said.

“mRNA vaccines may have been so good and elicited such strong immune responses that the imprinting may be stronger than what we have been used to seeing with vaccines for other viruses such as for influenza virus,” Mr. Veesler said.

end

GLOBAL ISSUES//GLOBAL SALES

end

MARK CRISPIN MILLER

DR PAUL ALEXANDER

Ivermectin Could Be a ‘Powerful Drug’ for Fighting Cancer, Here’s Why

Different from many conventional cancer therapies, ivermectin kills cancer cells by enhancing immune response.

By Marina Zhang

|

March 21, 2024

Updated:

March 22, 2024

Rick Alderson was a retired sawmill worker who was diagnosed with terminal colon cancer in November 2020.

He experienced excruciating pain in his bowels for months; then, a gastroenterologist found a large tumor in his rectum and told him and his wife he only had six months to live.

Rick Alderson and his wife, Eve Alderson, after Mr. Alderson developed colon cancer. (Courtesy of Joshua Treadway)Rick Alderson and his wife, Eve Alderson, after Mr. Alderson developed colon cancer. (Courtesy of Joshua Treadway)

To the oncologist, Mr. Alderson “was a dead man walking,” Mr. Alderson’s wife, Eve Alderson, told The Epoch Times.

Doctors were against starting him on treatment due to Mr. Alderson’s age and the severity of his cancer, but Mr. and Mrs. Alderson determined that their fate was in God’s hands and decided to do whatever they could.

Mr. Alderson got started with 10 rounds of radiation therapy. Initially, his carcinoembryonic antigen (CEA), a marker for tumor activity, was significantly elevated at 480 nanograms per milliliter (ng/mL). A month later, he started chemotherapy. By then, his CEA levels had risen to 1,498 ng/mL.

By the time Mr. Alderson started treatment, his colon cancer had metastasized and spread to his liver, where he had 25 tumors.

“I was off their charts,” Mr. Alderson said in an interview with The Cancer Box, a cancer diagnosis blog.

Due to concerns about COVID-19 and the ongoing pandemic, Mr. Alderson started looking into preventative medication and found ivermectin.

Further research showed that the drug could likely enhance the effectiveness of his chemotherapy and radiation therapy and was relatively safe. In February 2021, he began taking ivermectin.

Ten days later, his CEA levels had dropped to 184 ng/mL.

Come March, the number was 47.9 ng/mL. By April 7, it was 20.7; by April 21, it had dropped to 13.9 ng/mL. By midsummer, it had fallen into the normal range. Of the 25 tumors in his liver, only three remained.

Mr. Alderson went on to live another two years before succumbing to liver failure due to the progression of his three remaining liver tumors.

“His life was definitely extended,” Mrs. Alderson said, reflecting on Mr. Alderson’s cancer journey.

She attributes Mr. Alderson’s survival beyond his prognosis to his success with ivermectin and the chemotherapy drug fluorouracil. “Ivermectin was instrumental,” she said.

Multiple Anti-Cancer Effects

“There are at least nine perfectly defined cancer targets affected by ivermectin,” Dr. Alfonso Dueñas-González, an oncologist and senior researcher at the National Autonomous University of Mexico, told The Epoch Times.

The first reports of ivermectin’s anti-cancer properties came in 1995. Two French researchers found that ivermectin—a Nobel Prize-winning anti-parasite drug—could reverse multidrug resistance in tumors. The drug targets tumor stem cells—a driver of cancer tumors and relapses—and promotes cancer death.

Ivermectin also enhances the effects of chemo and radiation therapy. It has a broad impact on the immune system, increasing immune offense against cancers.

It also inhibits cancer cell cycles, helping prevent the formation of new cancer cells. The drug promotes the killing of cancer cells by inducing mitochondrial stress and prevents cancer survival by preventing new blood vessels, which transport energy and fuel to cancers, from forming near cancer cells.

Ivermectin won the 2015 Nobel Prize for its anti-parasitic benefits. (HJBC, Jarun Ontakrai/Shutterstock

end

FDA Settles Ivermectin Case, Agrees to Remove Controversial ‘Stop It’ Post

Doctors score win, forcing FDA to remove statements about ivermectin.FDA Settles Ivermectin Case, Agrees to Remove Controversial ‘Stop It’ PostThe U.S. Food and Drug Administration (FDA) in White Oak, Md., on June 5, 2023. (Madalina Vasiliu/The Epoch Times)

Zachary Stieber

By Zachary Stieber

3/22/2024

The U.S. Food and Drug Administration (FDA) has agreed to remove social media posts and webpages that urged people to stop taking ivermectin to treat COVID-19, according to a settlement dated March 21.

The FDA has already removed a page that said: “Should I take ivermectin to prevent or treat COVID-19? No.”

Within 21 days, the FDA will remove another page titled, “why you should not use ivermectin to treat or prevent COVID-19,” according to the settlement announcement, which was filed with federal court in southern Texas.

“The FDA has not authorized or approved ivermectin for use in preventing or treating COVID-19 in humans or animals,” the page currently states. It also says that data do not show ivermectin is effective against COVID-19, despite how some studies it cites show ivermectin is effective against the illness.

END

COVID mRNA vaccines in children: Drs. Fauci of NIAID, Walensky of CDC, and Francis Collins of NIH were reckless with the vaccine developers e.g. Pfizer and Moderna, for they know these vaccines lacked

the proper safety testing and did not know what will happen to children long-term; see this paper I wrote looking at data from Sweden & Germany as to ZERO (0), no deaths from COVID in children

DR. PAUL ALEXANDERMAR 22
 
READ IN APP
 

I got input in this piece from Dr. Ramin Oskoui, Dr. Peter McCullough, Dr. Harvey Risch, and Dr. Howard Tenenbaum (Mt. Sinai, Toronto, Canada).

Sweden and Germany: No Deaths In Children Due to Covid ⋆ Brownstone Institute

SLAY NEWS

The latest reports from Slay News
WEF Pushes Depopulation, Demands Fewer ‘Souls of the Planet’The World Economic Forum (WEF) is pushing a disturbing new slogan for its anti-human depopulation agenda, arguing that we need fewer “souls on the planet” to fight “climate change.”READ MORE
30-Year-Old Soccer Star Suffers Sudden Heart Attack Mid-GameIn shocking scenes, a soccer star has collapsed suddenly on the field after suffering a heart attack mid-game.READ MORE
Philadelphia Police Department Lowers Fitness Standard to Boost Recruitment NumbersThe Philadelphia Police Department is taking drastic action in an effort to boost falling recruitment numbers.READ MORE
CIA Accused of Interfering in Hunter Biden InvestigationsThe CIA has been accused of directly interfering in the investigations into Democrat President Joe Biden’s son Hunter.READ MORE
Marco Rubio: Being Picked as Trump’s Running Mate Would Be ‘Incredible Opportunity to Serve Our Country’Republican Sen. Marco Rubio (R-FL) has broken his silence amid reports that the Florida senator is being considered as President Donald Trump’s potential election running mate.READ MORE
Eric Swalwell Predicts ‘Time of Death’ for Biden’s Impeachment InquiryDemocrat President Joe Biden’s impeachment inquiry has dominated headlines this week but for different reasons on each side of the political aisle.READ MORE
Clinton Operative James Carville Suggests Biden Campaign Assassinate Trump to Win ElectionFormer Bill Clinton strategist James Carville has suggested that Democrats should assassinate President Donald Trump to stop him from winning the election in November.READ MORE
AG Letitia James Moves to Seize Numerous Trump PropertiesIn a significant development that could reshape his business landscape, President Donald Trump now risks losing key properties over a bond dispute in his ongoing civil “fraud” case.READ MORE
Planet Fitness Stock Plunges after Boycott over Men in Women’s Locker RoomsPlanet Fitness has become the latest company to go broke after going woke as boycotts continue to pummel the national firm.READ MORE
Leftist Corporate Media Reporter: ‘Excessive Free Speech Is a Breeding Ground for More Trumps’A leftist corporate media reporter has been ruthlessly mocked after he attempted to warn the public about allowing a “tsunami of free expression.”READ MORE
Judge Throws Book at Texas Man for Gruesome Crimes against Children: More than 10 Life SentencesA judge has dropped the hammer on a Texas man who was found guilty of committing gruesome crimes against children.READ MORE
AOC Pushes ‘Green New Deal’ to Ban Gas Stoves from Public Housing, Fund Socialist SchemesRadical Democrat Rep. Alexandria Ocasio-Cortez (D-NY) is planning to roll out an updated version of her “Green New Deal” that seeks to advance the globalist agenda and fund social schemes with American taxpayer money.READ MORE
Don Lemon Blew Deal with Elon Musk’s X by Making ‘Diva Demands,’ Report RevealsFormer CNN anchor Don Lemon lost his potentially lucrative deal with Elon Musk’s X platform by making “diva demands,” according to a new report.READ MORE

EVOL NEWS:
Clay Higgins Scolds ‘Friend’ Marjorie Taylor Greene for ‘Abhorrent’ Attempt to Oust Speaker – EVOL
READ MORE…
 
LATEST NEWS:
Auburn stunner: 13-seed Yale takes down Tigers – EVOL
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Dozens Killed In Deadly Terror Attack – EVOL
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Trump Scores Multi-Billion Dollar PAYDAY – EVOL
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Jan. 6 defendant who was the subject of a conspiracy theory pleads guilty – EVOL
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U.S. government enters a partial government shutdown as Senate works to pass a deal – EVOL
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JUST IN: Russia Launches Strike On Critical Infrastructure, One MILLION Left Without Power – EVOL
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Mike Gallagher to Resign from Congress Next Month, Further Shrinking GOP House Majority – EVOL
Read more…



LATEST NEWS:

LATEST REPORTS FOR NEWS JUNKIES
New House Speaker BETRAYS ConservativesSpeaker Mike Johnson (R-LA) defied the objections of the majority of House Republicans and pushed through a substantial $1.2 trillion government funding plan. This move not only violated the Hastert Rule, which was put in place to prevent Republican Speakers from collaborating with Democrats to pass legislation, but also crossed a dangerous line for the future of his speakership. Despite …READ THE FULL REPORT
Dozens Killed In Deadly Terror AttackISIS has taken credit for an assault at a well-known concert venue complex close to Moscow on Friday, resulting in a minimum of 60 fatalities and 145 individuals being admitted to the hospital after attackers invaded the venue with firearms and incendiary devices, as per CNN. Footage from the scene of the incident, the Crocus City Hall concert venue, displays …READ THE FULL REPORT
Trump Scores Multi-Billion Dollar PAYDAYFormer President Donald Trump is poised to receive a substantial sum of $3.5 billion following the approval of the merger between Digital World Acquisition Corp. and his Truth Social by shareholders. This financial boost coincides with New York Attorney General Letitia James’ efforts to seize Trump’s assets to cover a $464 million bond related to his civil fraud case in …READ THE FULL REPORT
Federal Judge Appointed by Obama Supports Law That Allows Non-Citizens and Illegal Aliens to Vote in Municipal ElectionsOn Friday, a federal judge upheld a Washington DC law permitting noncitizens, including illegal immigrants, to vote in municipal elections. Amy Berman Jackson, a US District Judge for the District of Columbia appointed by Obama, dismissed a lawsuit filed by a conservative group challenging the Local Resident Voting Rights Act, which was passed by the DC Council in October 2022. …READ THE FULL REPORT
U.S. District Court Judge Aileen Cannon Approves Special Counsel’s Request, but Orders Sharing of Material ‘Helpful’ to TrumpOn March 22, U.S. District Court Judge Aileen Cannon made a ruling regarding a request from special counsel Jack Smith in the high-profile classified documents case against former President Donald Trump. The judge determined that information helpful to the defense may have to be shared in some form but information she deemed irrelevant to the case could be deleted from …READ THE FULL REPORT

NEWS ADDICT

Bill Gates-Funded Study Blames Miscarriage Spike on ‘Climate Change’A team of researchers funded by billionaire Bill Gates has published a study claiming that skyrocketing numbers of miscarriages over the past 3 years are being caused by “climate change.”READ THE FULL REPORTCourt Docs Expose Deadly Levels of Toxic Graphene Oxide Added to Covid ShotsExplosive new court documents have revealed that pharmaceutical companies secretly spiked Covid mRNA shots with deadly levels of toxic graphene oxide.READ THE FULL REPORTViolent Mob Chases Conservative Students Off CampusA group of unruly individuals instilled fear in conservative students present at a Turning Point USA gathering with Kyle Rittenhouse at the University of Memphis.READ THE FULL REPORTAnother Major Company Goes BROKE After Going WokePlanet Fitness’s market value took a significant hit of $400 million, causing it to drop from $5.3 billion to $4.9 billion.READ THE FULL REPORTMTG Moves To Take Down Anti-Trump DAJudge Scott McAfee of Fulton County Superior Court declined to disqualify District Attorney Fani Willis from the case involving Donald Trump.READ THE FULL REPORT

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

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

Oil Surges As US Production Unexpectedly Tumbles After Shale Merger Wave Fizzles; Russia Orders Companies To Cut Production

MONDAY, MAR 25, 2024 – 12:44 PM

A few weeks ago we looked at the current state of M&A play in the US shale patch, and concludes that with most E&P companies – from small to XXX-large – either set acquire (or be acquired) and/or have opted for an independent future for the near-term, it was only a matter of time before the burst in oil production that defined late 2023 and early 2024, and was meant to window-dress the books of various potential acquisition targets, was about to dry out with a whimper.

Fast forward three weeks, and what we predicted would happen has happened, along with Brent jumping to a 2024 six-month high on its way to going far higher…

Overnight, in Goldman’s weekly Oil Tracker note, the bank’s commodity team showed in its “chart of the week” the striking observation that – at a time when everyone and their grandmother is expecting US oil production to keep rising while OPEC+ slashes its own – pipeline implied US L48 crude production has declined nearly 0.4mb/d since December to 12.6mb/d, with a 160kb/d week-on-week drop in Genscape data (14DMA). Furthermore, the 3-month moving average US crude production growth slowed to 550kb/d YoY, with softness in the Gulf of Mexico.

And just like that the biggest bear case brandished around by the oil bears crashed and burns.

Which is not to say that US shale production is about to crater to 0 and oil will hit $200 overnight: as Goldman writes in the report, other key trends of the week were mixed, with lower Russia production on the bullish side, but softness in Goldman’s China demand nowcast and the crude basis, and the sharp rise in positioning on the bearish side.

Before we turn on China, let’s first take a closer look at what’s taking place in Russia; Here Goldman notes that the bank’s Russian liquids production nowcast slipped by 0.2mb/d this week to 10.4mb/d on lower refinery runs following drone attacks that continued over the weekend.

  • Russian refinery runs decreased by 0.3mb/d since the first string of drone attacks on Russian refineries in January.
  • Russian production is now roughly in line with the pledged cuts of 1mb/d from February 2023 average.

Speaking of the plunge in Russian refinery runs, last week we learned that none other than Joe Biden himself slammed Ukraine for daring to attack the heart of Russian oil infrastructure as the guaranteed outcome are much higher gas and oil prices, which make it less likely the Fed will be able to cut rates, and thus ensure that Biden’s already abysmal approval rating will slide even further. No wonder the FT said that the “White House had grown increasingly frustrated by brazen Ukrainian drone attacks that have struck oil refineries, terminals, depots and storage facilities across western Russia, hurting its oil production capacity.” An NSC spokesperson told the FT that “we do not encourage or enable attacks inside of Russia.”

Translation: we encourage them not to attack Russian refineries.

But wait, there’s more: not only did Rosneft halt the primary unite at its Kuibyshev oil refinery in Samara after the latest Ukraine drone attack, but sensing that Biden is suddenly extremely vulnerable to further Russian production cuts, Reuters reported this morning that Russia’s government has ordered companies to reduce oil output in the second quarter.

While the stated reason is to ensure they meet a production target of 9 million barrels per day (bpd) by the end of June in line with its pledges to OPEC+, three industry sources said on Monday, Russia never before made a big stink about cheating on its OPEC+ promises, until now.  Why? Because suddenly every incremental dollar in oil costs means Biden’s approval rating drops by (at least) 1%.

And just like that, the fate of Biden’s re-election is now in the hands of the two things he hates the most: US shale companies and Vladimir Putin… as is the price of oil and gas, and expect both to keep rising for the foreseeable future crushing any last hope Biden may have had of being re-elected.

Going back to the Goldman report, the bank next turns to China where it says that its oil demand nowcast remained soft week at 15.7mb/d, and adds that “the risks to our forecast of a 350kb/d deficit in Q2 are balanced as the misses in our US supply nowcast and our China demand nowcasts are roughly offsetting.”

Finally, Goldman’s OECD total oil landed commercial stocks nowcast — the key variable in the bank’s crude pricing framework — remains about 19mb below its March expectations at 2,723mb.

More in the full Goldman note available to pro subscribers.

end

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

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

EURO VS USA DOLLAR:  1.0823 UP  .0017 

USA/ YEN 151.31 DOWN .054  NOW TARGETS INTEREST RATE AT 1.00% AS IT WILL BUY UNLIMITED BONDS TO GETS TO THAT LEVEL…//YEN  STILL FALLS//

GBP/USA 1.2629 UP  .0036

USA/CAN DOLLAR:  1.3589 DOWN .0005 (CDN DOLLAR UP 5 BASIS PTS)

 Last night Shanghai COMPOSITE CLOSED DOWN 21.73 PTS OR 0.71%

 Hang Seng CLOSED DOWN 25.83 POINTS OR 0.16%

AUSTRALIA CLOSED UP 0.56%   // EUROPEAN BOURSE:     MOSTLY ALL RED

Trading from Europe and ASIA

I) EUROPEAN BOURSES:  MOSTLY ALL RED

2/ CHINESE BOURSES / :Hang SENG CLOSED DOWN 25.83 PTS OR 0.16%

/SHANGHAI CLOSED DOWN 21.78 PTS OR 0.71%

AUSTRALIA BOURSE CLOSED UP 0.56% 

(Nikkei (Japan) CLOSED DOWN 474/31 PTS OR 1.16%

INDIA’S SENSEX  IN THE GREEN

Gold very early morning trading: 2171,60

silver:$24.73

USA dollar index early MONDAY  morning: 104.01 DOWN 17 BASIS POINTS FROM FRIDAY’s CLOSE.

MONDAY  MORNING NUMBERS ENDS

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

And now your closing MONDAY NUMBERS 1: 30 AM

Portuguese 10 year bond yield: 3.029% DOWN 2  in basis point(s) yield

JAPANESE BOND YIELD: +0.726% DOWN 0 AND  3//100   BASIS POINTS /JAPAN losing control of its yield curve/

SPANISH 10 YR BOND YIELD: 3.201 UP 4  in basis points yield

ITALIAN 10 YR BOND YIELD 3.688 UP 5 points in basis points yield ./ THE ECB IS QE’ ING ITALIAN BONDS (BUYING ITALIAN BONDS/SELLING GERMAN BUNDS)

GERMAN 10 YR BOND YIELD: 2.3665 UP 4 BASIS PTS

END

IMPORTANT CURRENCY CLOSES FOR  MONDAY  

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

Euro/USA 1.0836 UP   0.0030 or 30  basis points

USA/Japan: 151.44 UP 0.078 OR YEN IS DOWN 8 BASIS PTS

Great Britain/USA 1.2642 UP .0047 OR 47  BASIS POINTS //

Canadian dollar UP .0009 OR 9 BASIS pts  to 1.3586

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

The USA/Yuan,  CNY: closed    ON SHORE  CLOSED DOWN AT 7.2112    

THE USA/YUAN OFFSHORE:    (YUAN CLOSED (DOWN)…. (7.2490)

TURKISH LIRA:  32.17 EXTREMELY DANGEROUS LEVEL/DEATH WATCH/HYPERINFLATION TO BEGIN.//ON DEATH WATCH

the 10 yr Japanese bond yield  at +0.726…

Your closing 10 yr US bond yield UP 3 in basis points from FRIDAY at  4.248% //trading well ABOVE the resistance level of 2.27-2.32%) very problematic

 USA 30 yr bond yield  4.414 UP 2  in basis points  /12.00 PM

USA 2 YR BOND YIELD: 4.621 UP 2 BASIS PTS.

GOLD AT 11;30 AM 2176.55

SILVER AT 11;30: 24.76

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

London: CLOSED DOWN 13.35 PTS OR 0.17%

German Dax :  CLOSED UP 55.37 PTS OR 0.30%

Paris CAC CLOSED DOWN 0.32 PTS OR 0.00%

Spain IBEX CLOSED UP 9.00 PTS OR 0.08%

Italian MIB: CLOSED UP 295.80 PTS OR 0.86%

WTI Oil price  81.82   12: EST/

Brent Oil:  85.55  12:00 EST

USA /RUSSIAN ROUBLE ///   AT:  92.58 ROUBLE DOWN 0 AND  21/100      

GERMAN 10 YR BOND YIELD; +2.3665 UP 4  BASIS PTS

UK 10 YR YIELD: 4.0190 UP 3 BASIS POINTS

CLOSING NUMBERS: 4 PM

Euro vs USA: 1.0837  UP .0031      OR 31 BASIS POINTS

British Pound: 1.2638 UP .0044   or 44 basis pts

BRITISH 10 YR GILT BOND YIELD:  4.017  UP 3 BASIS PTS//

JAPAN 10 YR YIELD: 0.726%

USA dollar vs Japanese Yen: 151.47 UP 0.111//YEN DOWN 12  BASIS PTS//

USA dollar vs Canadian dollar: 1.3585 DOWN .0010 CDN dollar UP 10  basis pts)

West Texas intermediate oil: 82.07

Brent OIL:  86.79

USA 10 yr bond yield UP 3  BASIS pts to 4.253%  

USA 30 yr bond yield UP 3 BASIS PTS to 4.425%

USA 2 YR BOND: UP 3 PTS AT  4.628%

USA dollar index: 104.22 UP .22  BASIS POINTS

USA DOLLAR VS TURKISH LIRA: 32.16 (GETTING QUITE CLOSE TO BLOWING UP/

USA DOLLAR VS RUSSIA//// ROUBLE:  92.58 UP 0  AND  21/100 roubles

GOLD  2173.00 3:30 PM

SILVER: 24.68 3:30 PM

DOW JONES INDUSTRIAL AVERAGE: DOWN 162.26 PTS OR 0.41%

NASDAQ UP 62.38 PTS OR 0.34%

VOLATILITY INDEX: 13.14 UP 0.08 PTS OR 0.61%

GLD: $200.99 DOWN 0.64 OR 0.32%

SLV/ $22.58 UP 0,02 OR 0.09%

end

USA AFFAIRS

TODAY’S TRADING IN GRAPH FORM

Bitcoin, Bond Yields, & Black Gold Bounce Amid Big Auction & Bad Data

MONDAY, MAR 25, 2024 – 04:00 PM

A quiet day with some uglier than expected housing data (new home sales miss) and manufacturing (Dallas Fed survey sunk) left bond yields and black gold higher, but bitcoin stole the headlines.

The bad data prompted a dovish drift in rate-cut expectations…

Source: Bloomberg

The dovish drift sent the dollar lower…

Source: Bloomberg

And pushed gold marginally higher…

Source: Bloomberg

Bitcoin surged back above $70,000 on heavy ETF volume…

Source: Bloomberg

And we suspect the ebbing of last week’s net ETF outflows switched back into inflows today…

Source: Bloomberg

Ethereum also ripped higher, back above $3600…

Source: Bloomberg

Bond yields were higher across the curve with the longer-end marginally underperforming. Selling was pretty much non-stop with a small bid into the US equity cash open and into the 2Y auction..

Source: Bloomberg

Oil prices surged as investors monitored escalating geopolitical tensions in the Middle East and Russia’s war in Ukraine, while output cuts by Moscow to meet OPEC+ targets and a decline in the U.S. rig count raised concerns over a potential tightening of crude supply.

Source: Bloomberg

Small Caps outperformed on the day while The Dow lagged. The last hour saw selling pressure resume, erasing most of Small Caps’ gains…

Small Caps were rocketed higher at the cash open by a mega squeeze but ‘most shorted’ stocks faded to almost unchanged by the close…

Source: Bloomberg

The Energy sector outperformed while Industrials and Tech lagged.

Boeing bounced higher on news that Calhoun was leaving, but that exuberance faded fast…

Mag7 stocks opened ugly, but the algos were not going to stand for that and lifted the basket to unchanged before fading late on…

Source: Bloomberg

NVDA rallied (again) but failed to take out the early March highs…

Source: Bloomberg

Finally, this is the most concentrated market ever…

Source: Bloomberg

…which is fine, right?

END

MORNING TRADING/

AFTERNOON TRADING/

II USA DATA

US New Home Sales Unexpectedly Dropped In Feb As Prices Tumbled

MONDAY, MAR 25, 2024 – 10:13 AM

After a big surprise surge in existing home sales, new home sales in February disappointed, dropping 0.3% MoM (vs an expected 2.3% increase).

Source: Bloomberg

Despite the decline, new home sales are up 5.9%.

Sales declined in the Northeast and Midwest…

Source: Bloomberg

While homebuilders are buying down rates, we note that mortgage rates jumped back above 7% in February and likely was the driver of the unexpected weakness (despite NAHB sentiment surging).

“Buyers have largely adjusted to the rate environment and we are encouraged by the demand we’re seeing that the onset of the spring selling season,” Jeffrey Mezger, KBHome’s chief executive officer, said on the company’s recent earnings call.

Not sure we can trust the words coming out of your mouth mate…

Source: Bloomberg

Median new home price fell 7.6% y/y to $400,500; average selling price at $485,000..

Source: Bloomberg

That is the lowest median new home price since June 2021… as existing home prices rose in Feb…

Source: Bloomberg

The supply of new homes rose to 463,000 during the month, the highest since October 2022.

Source: Bloomberg

Are builders still banking on Powell folding like broken lawn chair in this election year and saving the world? The price decline is notable though.

TUCKER CARLSON…

END

III  USA ECONOMIC COMMENTARIES

The Hertz Meltdown Reveals Scale Of The EV Debacle

SATURDAY, MAR 23, 2024 – 09:20 AM

Authored by Jeffrey A. Tucker via The Epoch Times (emphasis ours),

The Biden administration’s Environmental Protection Agency (EPA) has revealed its ambition: to phase out gas-powered cars in favor of electric vehicles (EVs). Incredibly, this announcement comes as we are flooded with overwhelming evidence that EVs are a market loser.

Indeed, the artificial boom and then meltdown of the EV market is a modern industrial calamity. It was created by government, social media, wild disease frenzy, far-flung thinking, and the irrational chasing of utopia, followed by a rude awakening by facts and reality.

CEO of Hertz Stephen Scherr has been booted out due to a vast purchase of an EV fleet that consumers didn’t even want to rent. The company has now been forced to sell them at a deep discount and in a market where consumers are not particularly interested.

Looking back, however, Scherr’s decision to bet everything on an EV boom was a disaster that was highly praised at the time. Only last year, the company bragged: “This morning, [Hertz] was recognized by The White House for our efforts to expand access to electric vehicles across the country. Demand for EV rentals is growing and we’re here to help our customers electrify their travels.”

Pleasing the Biden administration is not the same as pleasing consumers.

The demand turned south fast in a real-world test of drivers. But that’s not all. Hertz could not make their investment pay no matter what they did.

The key issues with EVs are as follows.

The cost upfront is much higher.

Financing charges are higher.

They depreciate at a higher rate than internal combustion cars.

The insurance is more expensive, by at least 25 percent.

Repairs are much more expensive, if you can get them done at all, and take longer.

Tires are more expensive and don’t last as long because the car is so heavy.

Refueling is not easy and missteps here can have nightmarish consequences.

They are more likely to catch fire.

Any motor vehicle accident that impacts the battery can lead to repairs higher than the value of the car, that is totaled with so much as a scratch.

To top it all over, there is no longer any financial advantage to the driver. It now costs slightly more to charge under many conditions than to refuel with gasoline.

The novelty of driving one for a day wears off after the first day. At first they seem like the greatest thing that ever happened, like an iPhone with wheels. That’s great but then the problems crop up and people start to realize that they are fine for urban commutes with home chargers and not much else.

They make truly terrible rentals. Obviously, under rental conditions, people have to use charging stations rather than a charger in the garage. That means spending part of your vacation figuring out where to find one.

Not all are superchargers, and if it is a regular charger, you are looking at an overnight wait. If you do find a station with fast chargers, you might have to wait in line. They might not work. You waste hours doing this. And you likely have to reroute your trip even to find a station without any certainty that you will get a spot with a functioning charger.

No one wants to do this. When you rent a car, all you want is a car that goes the distance. And typically car rentals are for going some distance else you would just take a taxi or a Lyft from the airport. You might need to drive several hours. And god forbid that this takes place in cold weather because that can reduce your mileage by half. Your whole trip will be ruined.

Why in the world would anyone want to rent one of these things rather than a gas-powered car? You might be better off with a horse and carriage.

Did Hertz think of any of this before they spent $250M on a fleet? Nope. They were just doing the fashionable thing.

Again, I’m not knocking some uses for EVs. If you think of them as enclosed and souped up golf carts, you get the idea. They can be wonderful for certain urban environments so long as you don’t overuse them and have to get them repaired. You also have to be in a financial position to afford the higher costs all around, from financing to insurance to repairs and tires. And you have to be prepared to take a big loss on resale, if you can even manage to find a buyer.

There is money to be made in this market, as there is with any niche good or service. But that is covered with normal market conditions, not massive subsidies, mandates, and frenzies. The Hertz case proves it. It is a perfect clinical trial of these machines. We now know the answer. They cannot work.

And thank goodness because if the United States truly switched over in a big way from gas to electric, we would face other disasters. The wear and tear on roads is much worse due to the sheer weight of the cars, which is 25 percent higher than gas cars on average. Many parking garages would have to be rebuilt with new reinforcements.

Then there is the strain on the grid. There is no way the industry could handle the demand. Brownouts and travel restrictions would be essential. All this would pave the way toward 15-minute cities.

Please remember how this craze began. It was lockdown time and automakers suspended orders for parts and chips. They stopped cranking out cars. When demand intensified, the chip makers had moved on to other things, so delays escalated. By the summer of 2021, there was a general panic about a growing car shortage.

At that point, consumers were willing to buy anything on the lot, among which EVs. The sales records were completely misinterpreted. The manufacturers made huge investments, and the car rental companies did too. But the product had not really been tested. That test is taking place now, and the EVs are completely failing.

We keep hearing that this is still too early, that development has a long way to go, that more charging stations are coming, that manufacturers are going to overcome all these problems in time. All of this sounds very similar to what the producers of mRNA shots say: this was just a trial run and they will get better the next time.

Maybe but doubtful. There is a huge problem in the investment market right now. EVs are massive losers. Consumers, manufacturers, car rental companies, and every other market in which these lemons are made available are running away from them as fast as possible. They had their day in the sun and got fried.

There is another problem: surveillance. The car can be tracked anywhere and shut off at a moment’s notice. This is obviously a great thing if the government desires a social-credit system of citizens control.

At this point, it is doubtful that the industry can recover. And yet, even now, the Biden administration is planning more subsidies, more mandates, more restrictions on gas cars, and digging themselves even deeper into this hole.

“The Biden administration on Wednesday issued one of the most significant climate regulations in the nation’s history, a rule designed to ensure that the majority of new passenger cars and light trucks sold in the United States are all-electric or hybrids by 2032,” reports the New York Times.

You simply cannot make up nuttier stuff. At some point, we could see manufacturers making the cars just to satisfy the central planners but otherwise preparing to chop them up and throw them out. They would likely be happy to dump them in the ocean but that isn’t allowed either.

Views expressed in this article are opinions of the author and do not necessarily reflect the views of The Epoch Times or ZeroHedge.

END

NYC Mayor Adams Abruptly Cancels Border Trip After DHS Warns Of “Safety Concerns” 

MONDAY, MAR 25, 2024 – 07:45 AM

Mayor Eric Adams abruptly canceled his trip to the southern border on Sunday after the US State Department flagged “safety concerns” amid a worsening border crisis. 

Local media outlet ABC 7 NY reports Adams was expected to leave Saturday night to tour the border area of Brownsville and McAllen, Texas, on Sunday. But DHS’ intel warned the mayor against going. 

The spokesperson for NY City Hall told the media outlet: 

“Due to safety concerns at one of the cities we were going to visit in Mexico flagged by the US Department of State we have decided to pause this visit at this time. 

“We hope to continue our partnership with these nationally-recognized Latino leaders and organizations as we look for concrete solutions to resolve the crisis at the border.”

Adams announced the trip last Thursday shortly after the nation was shocked by footage that showed a massive swarm of angry illegal aliens toppling a US National Guard checkpoint in El Paso. 

Since last summer, NYC City Hall has been ramping up efforts to show how the migrant influx in the five boroughs, swamped with 180,000 illegals, has sparked a massive financial burden for the metro area. Adams has pleaded with the Biden administration for financial assistance. The mayor even made it down to the Darien Gap, one of the world’s most dangerous migration routes in South America, last fall, which was an attempt (all for optics) by his administration to dissuade migrants from coming to American cities.

The southern border is a disaster, but while everyone focuses on that, New York’s northern border is also being invaded. 

END

TIME To Panic: Joe Biden’s Campaign “In Trouble” Despite Obama Warning

MONDAY, MAR 25, 2024 – 06:11 AM

“Don’t underestimate Joe’s ability to fuck things up.” –Barack Obama

With less than eight months before the 2024 election, the Biden re-election campaign is in big trouble. Not only is Biden lagging in the polls vs. Donald Trump, the border crisis he created by shredding all of Trump’s Executive Orders on immigration has resulted in 10 million illegals flooding into the United States – which has left even Democrats livid.

What’s more, Biden is quickly losing the support of young Americans, and the latino vote.

Things are so bad that TIME magazine has just devoted 3,700 words to let us know that Barack Obama ‘warned’ the Biden campaign last June that defeating Trump would be harder in 2024 (because no pandemic or hoax dossier to set him up?). Six months later, Obama ‘saw few signs of improvement.’

Obama returned to the White House in December, with a ‘more urgent’ message: the re-election campaign was behind schedule in building out field operations, and that an ‘insular group of advisers’ in the West Wing was hamstringing the effort.

Now, it’s really bad…

Three months later, the 2024 general election is under way, and Biden is indeed in trouble. His stubbornly low approval ratings have sunk into the high 30s, worse than those of any other recent President seeking re-election. He’s trailed or tied Trump in most head-to-head matchups for months. Voters express concerns about his policies, his leadership, his age, and his competency. The coalition that carried Biden to victory in 2020 has splintered; the Democrats’ historic advantage with Black, Latino, and Asian American voters has dwindled to lows not seen since the civil rights movement. -TIME

Meanwhile, Biden’s inner circle is “defiantly sanguine” as a “fog of dread” descends on Democrats.

The rest of the TIME article is full of anecdotes of dissatisfied Democrats, particularly young voters such as 20-year-old Aidan Kohn-Murphy.

It has nothing to do, as many assume, with the President’s age. With palpable frustration, Kohn-Murphy enumerates the list of perceived policy “betrayals” as though they were “tattooed on the back of my hand.”

According to the report, GenZ voters “don’t understand why they should be compelled to cast their ballot for a candidate who has done so many things that are against their values,” said Kohn-Murphy.

Losing the minority vote

In 2020, Biden carried 87% of the black vote. Now, he’s polling at just 63%, a sharp decline. Meanwhile four years ago he won hispanic votes by a ratio of 2 to 1. He now trails Trump in that bloc.

Biden’s support of Israel amid the Gaza war has “tanked his standing with Muslim and Arab voters,” particularly in “must-win Michigan.”

Overall, Biden’s advantage over Trump among nonwhite Americans has shrunk from almost 50 points in 2020 to 12, according to the latest Times/Siena poll.

“It boils down to voters of color, and those voters are pissed,” said one former Biden campaign and White House official, who spoke on condition of anonymity. “I think it’s very likely he’ll lose.”

What’s more, nearly two dozen senior Democratic sources told TIME that Biden’s “campaign mechanics, structure, and staffing over most of the past year are partly to blame as well.”

While Obama was marching to re-election over the summer of 2012, his campaign head count topped 900. Despite plans to hire 350 new staffers, the Biden campaign ended 2023 with only around 70 paid employees, according to campaign finance filings.

Biden advisers don’t care about the president’s dismal numbers with young and nonwhite voters, as the “Biden brain trust” thinks they’ll vote for him again regardless.

“We’ve reached out to this group of nonwhite and young voters earlier than any presidential campaign ever has,” according to senior adviser Becca Siegel.

Good luck with that…

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

end

iiiC USA COVID //VACCINE ISSUES

END

FREIGHT ISSUES/USA

END

VICTOR DAVIS HANSON

END

SWAMP STORIES

THIS should be fun

(Morgan/EpochTimes)


Jordan Subpoenas Biden’s Ghostwriter In Continuing Classified Records Probe

BY TYLER DURDEN

MONDAY, MAR 25, 2024 – 09:25 AM

Authored by Ryan Morgan via The Epoch Times (emphasis ours),

House Judiciary Committee Chairman Jim Jordan (R-Ohio) subpoenaed President Joe Biden’s ghostwriter, Mark Zwonitzer, on Friday, pressing for details about the president’s handling of classified documents.

Last month, Special Counsel Robert Hur published his findings from his investigation into President Biden’s handling of classified documents. Among the findings, Mr. Hur said in 2016 then-Vice President Biden read off notebook entries, including several that covered classified materials, as he and Mr. Zwonitzer prepared his book “Promise Me Dad,” published in 2017.

The special counsel report, released on Feb. 8, further alleges Mr. Zwonitzer deleted some of his audio recordings with President Biden at some point during the special counsel investigation.

Mr. Jordan’s subpoena brings legal force to Republican efforts to compel Mr. Zwonitzer to share any audio or video recordings or transcripts he has from his conversations with President Biden.

House Republicans had initially reached out to Mr. Zwonitzer on Feb. 14, asking for his records ghostwriting the president’s book.

According to Mr. Jordan’s account, the ghostwriter’s lawyer initially indicated his client would turn over the requested documents by March 8. But by March 7, Mr. Zwonitzer’s lawyer sent a new notice delaying the document production and informing the committee he would need to follow up with his client. Mr. Zwonitzer’s lawyer then sent a follow-up March 11 notice informing the committee that his client would not turn over the requested documents unless he was subpoenaed.

In his Feb. 14 letter, Mr. Jordan requested documents and records from Mr. Zwonitzer’s ghostwriting work on “Promise Me Dad” as well as a biography he had written with then-Sen. Biden published in 2008 called “Promises to Keep.” The Feb. 14 letter also requested any records of contracts or agreements Mr. Zwonitzer had for the ghostwriting work he did. Republicans had also asked Mr. Zwonitzer to provide any documents and communications shared between him and President Biden or his staff relating to Mr. Hur’s special counsel investigation.

Biden VP Staff Advised Security Controls With Ghostwriter: Special Counsel Report

The special counsel report states Mr. Zwonitzer has never held a security clearance or become familiar with the restrictions on the handling of classified materials.

The report states then-Vice President Biden knew about Mr. Zwonitzer’s lack of security clearance in 2011 when he proposed hiring the writer as an official historian for the Office of the Vice President. White House attorney Cynthia Hogan authored a memorandum assessing the idea of hiring Mr. Zwonitzer and noting some issues that could arise from his lack of security clearance.

Ms. Hogan specifically warned Mr. Zwonitzer “will likely need a security clearance” and any discussions of cover classified topics would have to “occur in a secure facility.” She also warned any notes or materials that contained “classified information must be maintained in secure safes, produced on a classified computer, and stored in a secure facility.”

The special counsel report states Mr. Zwonitzer’s ghostwriting work included interviews with the president that began in April 2016 in the final months of his vice presidential term, and continued through 2017 after he left office.

The report states “Mr. Biden read from notes he took during a meeting in the Situation Room in the summer of 2015” during an interview on Feb. 16, 2017, at his Virginia rental home, weeks after his time as vice president had ended. The report states those notes included “information that remains classified up to the Secret level.”

In another April 2017 interaction with Mr. Zwonitzer, the president reportedly explained that, contrary to the views of his staff, he did not think he was required to turn his notes over to the National Archive.

Hur’s ‘Best Case’ for Charges

During their Feb. 16, 2017 interaction, the president also allegedly remarked that he “just found all the classified stuff downstairs.” The report asserts this reference was to classified documents relating to American military and foreign policy efforts in Afghanistan.

Though he declined to press charges against the president for his handling of classified information, Mr. Hur said this Feb. 16, 2017, exchange provides “the base case for charges” of those he had uncovered in his investigation.

NTD News reached out to the House Judiciary Committee’s Democratic minority for comment on the new subpoena but did not receive a response by press time.

The White House also did not respond to a request for comment by press time.

Mr. Hur addressed questions about his investigative efforts during a joint House hearing on March 12. At this hearing, House Judiciary Committee ranking member Jerrold Nadler (D-N.Y.) described Mr. Hur’s findings as a “complete and total exoneration” of President Biden’s handling of classified documents. Rep. Pramila Jayapal (D-Wash.) also described Mr. Hur’s report as a “complete exoneration.”

Mr. Hur pushed back on those “exoneration” remarks during an exchange in which Ms. Jayapal repeatedly talked over him. He said the word “exoneration” did not appear at any point in his report and insisted his task as the special counsel was to determine whether sufficient evidence existed that he could secure a conviction if he proceeded with charges.

From NTD News

END

Trump Bond Reduced To $175 Million At 11th Hour

MONDAY, MAR 25, 2024 – 11:22 AM

Update (1233ET): Following the appeals court decision reducing his bond, Trump posted on Truth Social that he will satisfy it.

“We will abide by the decision of the Appellate Division, and post either a bond, equivalent securities, or cash.”

*  *  *

A New York court of appeals has significantly reduced the bond required to stop his properties from being seized by authorities from $454 million to $175 million, in order to appeal his New York civil fraud trial.

The decision by a five-judge panel of appellate court judges, comes after the real estate mogul’s lawyers argued that it was “impossible” to obtain an appeal bond of $454 million after approaching over 30 surety companies without success. Trump also said he would have to sell properties in a “fire sale” to raise cash.

Had the court denied Trump’s request, and he had failed to obtain the full bond amount, Trump was at risk of losing his bank accounts, followed by some of his properties.

His attorneys had asked the appeals court to either waive the bond requirement or reduce it, arguing that the $464 million judgement against Trump and his family was likely to be overturned on appeal.

In the Monday decision, the appeals court also stayed Engoron’s ruling barring Trump from serving as an officer or director of a NY company for three years, and which had barred Trump and his corporate defendants from applying for loans from New York lenders over the same period.

The new order also stayed Engoron’s order barring Donald Trump Jr. and Eric Trump from serving as officers and directors of New York companies for two years.

Trump has 10 days to post the bond.

KING REPORT

The King Report March 25, 2024 Issue 7207Independent View of the News
 The FT: US urged Ukraine to halt strikes on Russian oil refineriesWashington told Kyiv that drone attacks risk driving up crude prices and provoking retaliation    “Nothing terrifies a sitting American president more than a surge in pump prices during an election year,” said Bob McNally, president of consultancy Rapidan Energy and a former White House energy adviser…https://www.ft.com/content/98f15b60-bc4d-4d3c-9e57-cbdde122ac0c @TrentTelenko: The price the Biden Administration is paying for cutting Ukraine off from U.S. artillery ammunition is zero leverage in Ukraine’s targeting of Russian refineries. It also underlines the fact continued Russian oil production is more important to Biden than Ukraine’s victory… Team Obama-Biden is so self-absorbed and corrupt that it is impairing Ukraine’s fight against Russia because it might boost energy prices and hurt The Big Guy’s re-election chances!  Unbelievable!China stocks fall the most in 3 weeks amid economic gloom, fresh tech crackdownChina moved to tighten control of its technology sector, publishing detailed rules on Tuesday aimed at tackling unfair competition and companies’ handling of critical data…https://www.reuters.com/article/china-stocks-close/china-stocks-fall-the-most-in-3-weeks-amid-economic-gloom-fresh-tech-crackdown-idUSAZN01IB8B/ Chinese Stocks Selloff Drags Asian Benchmark Lower as Tech Drops – BBGA proposed bill in the US targeting investment by mutual funds in some products that track Chinese equities may also have hurt sentiment… @Scutty: Abrupt moves in Chinese stocks, FX and commodities today. Like the national team decided to let market forces run the show to see what would happen. Bit nasty! House passes spending bill to avert shutdown, measure now heads to Senate before midnight deadline – The $1.2 trillion 1,012-page spending bill passed in the House with more votes from Democrats than Republican…https://justthenews.com/government/congress/hold-massive-spending-bill-passes-gop-led-house-more-democrat-votes-republicans @charliekirk11: (GOP Rep.) MTG has just filed a motion to vacate Mike Johnson as Speaker of the House. Conservatives are raging against the $1.2 trillion spending bill. Speaker Johnson took over the gavel in October after a three-week battle and has been working with a mere two vote majority Speaker Johnson broke some key promises: The 72-hour to vote rule and no passage of bills unless most GOP Reps voted for them. @MacFarlaneNews: Multiple House Democrats … including Rep Tom Suozzi (D-NY) tell @CBSNews they would intervene to help save Speaker Mike Johnson (R-LA), if GOP members attempt to oust Johnson over Ukraine aid @TheBabylonBee: Congressional Republicans Make Deal: Democrats Get Everything They Want, But Mr. Potato Head Will Stay Male https://buff.ly/3t1XlaO Elizabeth Warren calls on SEC to investigate Tesla, Elon Musk over governance issues once again https://t.co/FNl83PhvT0 DOJ moved to dismiss $3.3B fraud suit against Dish after chairman donated $113K to Biden https://trib.al/PVvba4W Commercial Real Estate Threatens “Hundreds of Banks”Bloomberg is warning that defaults in commercial real estate loans could “topple” hundreds of US banks… a new study predicts nearly half of downtown Pittsburgh office space could be vacant in 4 years. Major cities like San Francisco are already sporting zombie-apocalypse downtowns, with abandoned office buildings baking in the sun…    This could mimic last year’s bank crisis, where falling bond prices panicked depositors. That crisis only stopped when Janet Yellen and Jerome Powell effectively bailed out every bank in America with sweetheart loans written on fictitious asset values along with unlimited taxpayer guarantees through the comically under-funded FDIC…    Without those government pre-bailouts, one paper last year by researchers at Stanford and Columbia estimated that 1,619 US banks — about a third of them – could be at risk of failure…    There’s 9 hundred and twenty nine billion of commercial real estate debt coming due in the next 9 and a half months.  That’s up 28% from last year, and it’s getting bigger every day as banks pretend loans are still healthy by effectively adding missed payments…    The National Bureau of Economic Research estimated that up to 385 American banks could fail over commercial real estate loans alone…  https://www.profstonge.com/p/commercial-real-estate-threatens @TripleNetInvest: Two San Francisco office buildings bought for $949M in 2019, have been marked down to zero.  Market Center and 111 Sutter were acquired by Paramount Group for $722M and $227M, respectively.  The owner said on an earnings call that they are in negotiations w/ lenders, but both investments have already been marked down to zero on the company books.  The two buildings are a combined ~1M sq ft.  Not a great time to be an office landlord or lender in San Francisco… ESMs traded modestly in positive territory, and in a 14-handle range, from the Nikkei opening until they sank after the US repo market opening at 7 ET.  After hitting a low of 5292.25 at 8:03 ET, buying for the ‘pump & dump’ scheme for the NYSE opening commenced.  ESMs hit 5204.75 at 9:38 ET.  The early dump pushed ESMs to5294.00 at 9:45 ET.  Rinse, lather, repeat! ESMs rebounded to 5303.25 at 10:03 ET on conditioned dip buying.  Alas, ESMs commenced a decline that took ESMs to a daily low of 5289.00 at 12:33 ET.  It was time for the Friday Afternoon Rally.  The usual suspects aggressively bought ESMs, driving them to 5306.00 at 14:00 ET.  ESMs then did a slow rollover until ESMs broke down after 15:00 ET.  ESMs tumbled to 5291.25 at 15:17 ET.  The late manipulation pushed ESMs to 5303.00 at 15:53 ET.  Alas, with most everyone long, liquidation ahead of the weekend pushed ESMs to 5289.00 at 16:06 ET. Positive aspects of previous sessionThere was a rotation into US tech stocks and out of Chinese tech stocksThe ingrained Friday Afternoon Rally appearedUSMs were +29/32 at the NYSE close Negative aspects of previous sessionGasoline rallied despite a sharp decline in industrial commoditiesESMs and stocks sank during the first half and last hour of NYSE trading Ambiguous aspects of previous sessionHow high will stocks bubble up now that Powell and his ilk are ignoring inflation? First Hour/Last Hour Action [S&P 500 Index]: 1st Hour from NYSE Open: Down; Last Hour: Down Pivot Point for S&P 500 Index [above/below indicates daily trend to traders]: 5236.71Previous session S&P 500 Index High/Low: 5246.09; 5229.87 State Farm cuts 72,000 California home insurance policies: ‘Decision was not made lightly’The insurer blamed inflation, regulatory costs, and the increasing risks from catastrophes for its decision to scale back in the blue state…https://www.foxbusiness.com/media/state-farm-cuts-72000-california-home-insurance-policies-decision-was-not-made-lightly Just after midnight Saturday, the Senate passed the $1.2 trillion ‘minibus’ bill in 74-24 vote. The pork-ladened bill reportedly has 1400 ‘earmarks.’  Congress buying votes in an election year! @JoeConsorti: We are in the looting stage of the empire collapse, wherein the elected leaders abandon any notion of austerity and take as much as they can as quickly as they can.  $35.7 trillion & counting… @zerohedge: Global government debt is a record $82 trillion: up $20 trillion since Covid; up $50 trillion since Lehman … and up 7x this century in under 25 years! https://twitter.com/zerohedge/status/1771592625306374569 @charliekirk11: Rep. Mike Gallagher has announced he is resigning his Congressional seat effective April 19. This is calculated. Gallagher could leave now and allow his safe Republican seat to be filled quickly. Instead, he is deliberately leaving on a timeline that will leave it empty until November, leaving the GOP majority even smaller and making a Democrat House takeover a real possibility. Gallagher is a traitor to his party and to the people who voted for him. What a spiteful, repulsive creature. @DC_Draino: Mile Gallagher is a backstabbing RINO He could resign now and allow his seat to be filled by a Republican but he’s waiting until after the cutoff in April so it remains vacant until November. Why are these RINOs giving up our majority? 2 reasons – they hate MAGA and Trump If the 2024 electoral college is contested, not having a GOP majority could stop Trump via the 12th @kylenabecker: “His district deserves a voice in Congress and we should expel him, and that way his district can replace him as quickly as possible with a special election.”  MTG calls for the Expulsion of Republican Congressman Mike Gallagher… If the Republican Party doesn’t do this to set up a special election in Wisconsin, it will be confirmation the GOP is trying to lose in Congress. Republicans who supported $1.2T spending bill accused of enabling GOP-opposed immigration policies – “You own the continued mass parole of illegal aliens into our country,” Roy says to fellow Republicans.  https://justthenews.com/government/congress/rep-chip-roy-101-republicans-voted-against-own-immigration-policies-12-trillion Kamala delivers sharp warning to Israel: ‘Operation in Rafah would be huge mistake’ https://t.co/5Y505H8kUb Harris suggests ‘consequences’ are on the table for Israel if Netanyahu invades Rafah https://t.co/JdFRdggxVg @RNCResearch: KAMALA HARRIS warns against an Israeli offensive in Rafah: “I have studied the maps.”  (Hot a parody; she real is a nitwit!)  She is then unable to articulate anything substantive beyond her left-wing talking points.  https://twitter.com/RNCResearch/status/1771904099077746968 Harris’ ‘shameful’ warning for Israel crashes and burns online: ‘Kick rocks, Kamala’“The Ultimate Guide to the Biden Administration’s Betrayal of Israel,”… AG Hamilton wrote…    “’Studied the maps.’ Kamala Harris is now openly stating that this administration’s position is that Israel cannot win the war. They must ensure Hamas’ survival. This not only is wrong and unacceptable from a military standpoint, but takes away any incentive Hamas has to negotiate their surrender.”…https://www.foxnews.com/media/harris-shameful-warning-israel-crashes-burns-online-kick-rocks-kamala @jakejakeny: The Iranian rial hit a record low today because currency traders are betting on the destruction of Hamas. They know the end of Hamas leads to end of this regime in Tehran.    The Obama-Biden regime has acted aggressively to protect Iran’s proxies working HERE in the U.S.! Why does anyone expect it to allow Hamas to be smashed in Gaza? This WH & State Dept. & much of the DOJ belongs to Tehran.     The Biden team’s “sudden” scrambling to save Hamas is really just part of a long running Obama-Biden effort to protect Iran’s proxies. Politico uncovered this outrageous Obama team protection of Hezbollah operating here in the U.S.: The secret backstory of how Obama let Hezbollah off the hook    An ambitious U.S. task force targeting Hezbollah’s billion-dollar criminal enterprise ran headlong into the White House’s desire for a nuclear deal with Iran…https://www.politico.com/interactives/2017/obama-hezbollah-drug-trafficking-investigation/ @ces921: The Federal Reserve has introduced its own version of a Financial Conditions Index …. the Fed’s two main indicators of financial conditions have shown a drastic loosening of financial conditions since last summer… When asked about financial conditions at the press conference, Chairman Powell said that they are still restrictive and providing some pressure on growth and on inflation. He either doesn’t get to see the Fed’s own data or he is lying because the data clearly shows that not only are financial conditions not restrictive, but they are probably accommodative at this point… He is drastically increasingly the likelihood of a second wave of inflation and for inflation to become an election issue…     There are 9 Fed members that are looking for 2 cuts or less in 2024 with 3 voters (Bostic, Bowman and Barkin) that are likely looking for zero or 1 cut… That means there are 5 voters who currently would not be supporting the start of a rate cutting regime given this inflation background unless the labor market showed sign of imminent and significant deceleration, something that really is not expected at this point. I don’t believe Powell is going to start a rate cutting campaign without unanimous consent in an election year otherwise he would run the risk of this decision being seen as highly political.   So, I think there is a lot of wood to chop for him to convince the rest of the committee to get going in supporting a rate cut. Powell’s dovish performance may have been his effort to try to put some pressure on other Fed members to get onboard but the gaslighting from this press conference about financial conditions still being restrictive is ridiculous, even when looking at the Fed’s own indicators…https://twitter.com/ces921/status/1771647909735330120 Here Is The $1 Trillion “Stealth Stimulus” Behind Bidenomics ($1T y/y increase in fiscal spending)https://www.zerohedge.com/economics/here-1-trillion-stealth-stimulus-behind-bidenomics?s=02 Today– Traders will play for The Monday Rally.  With Q1 ending on Thursday, due to the Good Friday market closing, the usual suspects will buy stuff for the expected Q1 performance gaming this week.Mag 7 and related trading sardines will be favored vehicles for manipulation because they’re over owned. ESMs are -0.50; NQMs are +14.50; and USMs are +11/32 at 20:30 ET. Expected Economic Data: Feb Chicago Fed Nat’l Activity Index -0.34; Feb New Home Sales 675; March Dallas Fed Mfg. Activity -13.0; Atlanta Fed Pres Bostic 8:25 ET, Fed Gov. Cook 10:30 ET S&P Index 50-day MA: 5010; 100-day MA: 4793; 150-day MA: 4649; 200-day MA: 4600DJIA 50-day MA: 38,569; 100-day MA: 37,251; 150-day MA: 36,158, 200-day MA: 35,771(Green is positive slope; Red is negative slope) S&P 500 Index (5241.53) – Trender BBG trading model and MACD for key time framesMonthly: Trender and MACD are positive – a close below 4455.17 triggers a sell signalWeekly: Trender and MACD are positive – a close below 4978.00 triggers a sell signalDaily: Trender and MACD arepositive – a close below 5143.49 triggers a sell signalHourly: Trender is positive; MACD is negative – a close below 5212.66 triggers a sell signal Impeachment probe dramatically pivots to questions of CIA, DOJ coverup in Hunter Biden case“Recently, the Committees received information from a whistleblower alleging that the Central Intelligence Agency (CIA) intervened in the investigation of Hunter Biden to prevent the Internal Revenue Service (IRS) and the Department of Justice (DOJ) investigators from interviewing a witness,” Judiciary Chairman Jim Jordan and Oversight Chairman James Comer wrote. “We therefore write to request relevant material from the CIA…    “According to the whistleblower, in August 2021, when IRS investigators were preparing to interview Patrick Kevin Morris, an associate of Hunter Biden, the CIA intervened to stop the interview,” they continued. “Two DOJ officials were allegedly summoned to CIA headquarters in Langley, Virginia for a briefing regarding Mr. Morris. At that meeting, it was communicated that Mr. Morris could not be a witness during the investigation.”… (Why is the CIA protecting Hunter Biden?  What does he know?)https://justthenews.com/accountability/whistleblowers/favorable-treatment-obstruction-alleged-hunter-biden-case-shows Carville advises Biden to have others do his ‘wet work’ against Trump: ‘Take a guy out’‘People like me and other groups in the party need to do that,’ Carville said, noting Biden is ‘not very good’ at attacking his opponents… Wet work is often used as a euphemism for murder or assassination.    “Sounds like a mob hit,” Anderson quipped.  “Well, it’s kind of, but it’s paid TV and stuff like that. But yes, that’s a CIA term,” Carville said. “Take a guy out.”…https://www.foxnews.com/media/carville-advises-biden-others-wet-work-against-trump-take-guy-out @lawyer4laws: James Carville says: Joe Biden’s surrogates should do the “Wetwork” against Trump … *Notice No outcries or condemnations by the news media? Democrat strategist James Carville says Biden’s poll numbers are as bad as seeing your grandma naked and that president’s party is dominated by ‘too many preachy females’ –  ‘woke stuff’ was killing the party  https://www.dailymail.co.uk/news/article-13231253/democrat-strategist-james-carville-biden-polls.html Fox News’ Jessica Tarlov retracts statement about Tony Bobulinski’s attorneys feesThe Fox News host stated on the Wednesday edition of “The Five” that Bobulinski’s attorneys fees were being paid by a Trump SuperPAC. The network and host retracted the statement on-air Thursday.    Impeachment witness Tony Bobulinski’s attorney wrote a letter to Fox News on Thursday threatening to sue the network and “The Five” co-host Jessica Tarlov for on-air comments he alleges are false and defamatory of his client, prompting an on-air retraction…https://justthenews.com/accountability/media/tony-bobulinskis-attorney-threatens-sue-fox-news-jessica-tarlov-over-air @henryrodgersdc: Tony Bobulinski’s attorneys say the “clarification” from Jessica Tarlov last night on “The Five” was unsatisfactory. They have filed the following demand letter. The letter demands a “complete retraction and apology by Ms. Tarlov AT THE TOP OF TODAY’S SHOW while showing this photograph in which Tarlov clearly states that she explicitly “apologizes to Tony Bobulinski…” Numerous intel types allege that the CIA, which has a huge presence in Ukraine, is linked to Burisma, and that’s why the CIA is trying to shield Hunter Biden and his cronies from investigation. ABC: Two suspected squatters have been taken into custody after they allegedly killed a woman who walked in on them living in her mother’s New York City apartment, police sources said.https://abcnews.go.com/US/squatters-wanted-murder-after-woman-found-dead-duffel/story @greg_price11: A 14-year-old girl was raped by an illegal from Honduras at a Comfort Inn turned into a migrant shelter in Massachusetts. Gov. Maura Healy reacted to it by saying this about the vetting process for illegals: “It is unfortunate that from time to time, things will happen.”https://twitter.com/greg_price11/status/1770874640757411984 @TND: A U.S. senator from Missouri slammed President Biden’s immigration strategies Thursday after an illegal migrant allegedly stabbed two men at a laundromat in his state. https://t.co/dYD8t6n0sc ‘MS-13 gang member’ accused of sex trafficking migrant teen in NYC while on the run after ‘fondling nine-year-old girl’ https://t.co/A174bSqiY4 @RNCResearch: Karine Jean-Pierre says the invasion of illegal aliens near El Paso yesterday is “a question for the Republican governor of Texas.”  https://t.co/crmm8leQJk Russia and China VETO U.S. resolution in the UN calling for an ‘immediate’ Gaza ceasefire and the release of all hostages – A new CNN poll released Friday showed Biden down eight points to predecessor Donald Trump in battleground Michigan, which is home to the nation’s largest Islamic population.  https://www.dailymail.co.uk/news/article-13227811/us-resolution-united-nations-ceasefire-gaza-fails-russia-china.html @joelpollak: (Dem Sen.) Durbin got his start in Illinois politics with help from Democratic activists in the Jewish community who vouched for his pro-Israel views (Just like Obama!). Today: Durbin: I Think Israel Is Lying About How It Uses our Weapons, ‘Need to Challenge Them‘https://www.breitbart.com/clips/2024/03/21/durbin-i-think-israel-is-lying-about-how-it-uses-our-weapons-need-to-challenge-them/ I was threatened by the January 6 committee into staying silent, Trump’s acting Defense Secretary Chris Miller claims – Said panel wanted him to stay silent about Trump authorizing the National Guard… Miller said, he did not have the ‘resources to continue to battle’ the committee and didn’t want to face more depositions for speaking to media outlets about his experiences…https://www.dailymail.co.uk/news/article-13224061/chris-miller-threatened-trump-capitol-riot-committee.html Grassley releases whistleblower documents, multi-agency probe into American cartel gunrunningInternal government documents disclosed to a team of Senate investigators offer new details about a secret intelligence project that was successfully dismantling U.S. weapons smuggling networks into Mexico until it was abruptly shut down without explanation in fiscal year 2022…https://www.cbsnews.com/news/mexican-drug-cartel-american-weapons-project-thor-whistleblower-chuck-grassley/ Ronna McDaniel, the former head of the Republican National Committee (RNC), joins NBC News as a contributor (Any Republican that the regime media embraces…) https://trib.al/V2fiGLv Moscow massacre suspects ‘were arrested’ – as videos show alleged killers of 143 claiming they were paid for the attack as ISIS claims responsibility – The man goes on to say that he was told to walk into the venue and kill anyone, no matter who they were.  He said he had flown from Turkey on March 4 and had received instructions from unknown people via Telegram to carry out the attack in exchange for a one million roubles [£8,600].  He claimed he had followed a presumably Muslim ‘preacher’ on Telegram… ‘They delivered the weapons themselves,’ he said…https://www.dailymail.co.uk/news/article-13230829/moment-moscow-massacre-suspects-killers-attack-isis-responsibility.html Putin ‘dismissed US warnings about a terror attack’ three days before Moscow massacre and shrugged off American embassy’s warning to avoid concert venues –https://www.dailymail.co.uk/news/article-13229949/Putin-dismissed-warnings-terror-attack-three-days-Moscow-massacre.html @visegrad24: Russia releases video of interrogation with the alleged leader (doesn’t speak Russian) of the attack: We lived in a hostel with other migrants from Tajikistan. I couldn’t find a job.  Abdula texted me an offer to do this for cash.  https://twitter.com/visegrad24/status/1771498637924737228     20 mln Muslims live in Russia (15% of the pop.) Their share of the pop. is increasing swiftly every year. Russian nationalists oppose Putin for this very reason.  And yet, many conservatives in the West believe Putin is “the savior of Christendom and Western Civilization”    @visegrad24: The official ISIS outlet Al-Amaq releases the video recorded by the terrorists from the Moscow attack. It’s shows them shooting people, praising Allah and slitting the throat of a man.  No, it’s not Israel, it’s not Ukraine. It’s Islamism at work again.   https://twitter.com/visegrad24/status/1771660657043062951 @sentdefender: Russian Security Forces have released Footage showing part of the Interrogation that was conducted against several of the Terrorists that were Arrested this morning in Forrests of the Bryansk Region, with both of them claiming to be Migrants from Tajikistan who were Living in a Hostel on the Northern Side of Moscow and that were Recruited for the Attack on Terrorist-Operated Telegram Channel, which promised to Pay them roughly Half-a-Million Rubles or around $5,000 U.S. Dollars.https://twitter.com/sentdefender/status/1771534471205925115     I Apologize, but I have been forced to Delete the Post showing the ISIS Terrorist being made to Eat his own Ear which was Cut-Off by Russian Security Services, due to its Graphic Nature. @CollinRugg: Vladimir Putin suggests Ukraine was helping the terrorists who conducted the Moscow Concert Hall attack. “All the four perpetrators were directly involved who were gunning people down, killing people, were found and apprehended.”    “They were moving towards the border with Ukraine, and we have data that suggests that they were about to be moved towards the territory of Ukraine by those in Ukraine.”    “Our military services, our emergency services, everyone is, our investigators are working on finding out the orchestrators of this terrorist attack. Those who gave them transportation, who created, who gave them weapons…”  https://twitter.com/CollinRugg/status/1771540352878690366 @igorsushko: Russia: Former employee at Crocus City Hall says FSB is behind the terrorist attack in Moscow. The state-of-the-art facility had serious security and a RosGvardia (National Guard) base is literally across the street from the venue. https://t.co/eZxxiAS7d5 @visegrad24: The head of Poland’s National Security Bureau @JacekSiewiera says that NATO must change stance on how it defends the alliance’s airspace. He says that all Russian missiles must be shot down. Poland and Romania’s airspace have been violated by drones and missiles. https://t.co/MqUFpC7aCn Bumbling Chicago election officials ‘find’ 10,000 missing ballots in Democratic primary race for DA – with just 4,800 votes separating the candidates (Election was on 3/19!) https://trib.al/XxW86AI The Wall Street Journal: Biden demotes America to the ‘land of possibilities’Americans are used to hearing their leaders describe the U.S. as a land of opportunity. It’s strange, therefore, that the current president has taken to calling America not a land of opportunity but a land of possibility, analyzes The Wall Street Journal… It’s a downgrade, and it seems deliberate…https://www.voiceofeurope.com/the-wall-street-journal-biden-demotes-america-to-the-land-of-possibilities/ Biden and the party of ‘democracy’ are terrified of third-party candidates and voter choiceThe DNC is seeking to block third-party candidates from ballots… the Democratic Party is not here to preserve democracy, it is here to prevent democracy…https://nypost.com/2024/03/24/opinion/biden-and-the-party-of-democracy-are-terrified-of-third-party-candidates-and-voter-choice/ @elonmusk: I voted 100% Dem until a few years ago… I think we need a red wave or America is toast. 

 

GREG HUNTER INTERVIEWING DR BETSY EADS

sawatchdog.com/cv19-vaxed-and-unvaxed-need-treatment-now-dr-betsy-eads/

CV19 Vaxed and Unvaxed Need Treatment Now – Dr. Betsy Eads

By Greg Hunter On March 24, 2024 In Market Analysis14 Comments

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

Dr. Betsy Eads warned about extreme disease and death coming because of the CV19 bioweapon/vax since the beginning of Covid from infection to injection.  She warned about AIDS, infertility, turbo cancers, heart disease, blood clots and many other problems caused by the CV19 bioweapon injection.  Dr. Eads was right every single time.  Now, Dr. Eads is saying everyone needs treatment whether you are CV19 vaxed or unvaxed.  Dr. Eads explains, “We are getting transmission from the vaxed to the unvaxed.  We are getting chemtrails.  They are putting the mRNA in our food.  People have to understand, people need to detox and protect yourself whether you are vaxed or not.  I contend everybody should be taking some Ivermectin.”

What about the so-called “Long Covid” that people are experiencing in the last few years?  Dr. Eads says, “My definition of ‘Long Covid’ is vax injury and/or transmission from the spike protein . . . injured.  I think that term has evolved, and Dr. Kory is also including that definition with his vaccine injured patients.  He is treating not only vaccine injured patients but patients that have been injured by transmission from the CV19 vaxed.  We know transmission (from the CV19 vaxed) is a real thing.”

A little more than a year ago on USAWatchdog.com, Dr. Eads predicted “At Least 1 Billion Dead or Disabled from CV19 Bioweapon.” We have already eclipsed that number, and there is no end in sight with new and skyrocketing death and injury numbers.  Dr. Eads says, “Ed Dowd’s numbers, actuary numbers and looking at UK numbers finds 2.2 billion people permanently injured or killed by the CV19 vax.  If you look at the Deagel Report, we may see some huge population losses by 2025.  The Deagel predictions show the US falling from 330 million to 89 million people.  In the UK, Deagel predicts population will fall from 67 million to 15 million people as a direct result of the Covid 19 bioweapons.”

When does the death and disability peak?  Dr. Eads says, “On a previous interview here, I said we would get our peak in five years.  We are seeing huge numbers in the DMED data.  That’s the military data, and it is more accurate than VAERS data.  97% of our military was CV19 vaxed.  In that data, which is very accurate, cancers have increased across the board 1,000%.  We do have some treatments to handle the spike protein from the CV19 shots. . . . but we don’t have any treatment to shut down the mRNA that produces the spike protein. . . .So, these numbers may go up exponentially until we have treatments.”

One way to lessen the disabilities and deaths from the CV19 vax is to use Ivermectin.  Dr. Eads says it is one of the best and safest treatments out there now to treat CV19 for the vaxed or unvaxed being shed on by the vaxed.  The FDA just settled a lawsuit from Dr. Pierre Kory and other doctors.  Dr. Eads says, “Breaking news that has just come out is the FDA loses the war on Ivermectin.  The FDA has to retract . . . anything that was negative about Ivermectin.”

So, it looks like Ivermectin will be getting easier to get a prescription with the FDA doing an about face on Ivermectin, which is arguably the safest and most effective drug ever invented.

There is much more cutting edge, frontline medical information in the nearly 44-minute interview.

Join Greg Hunter as he talks to 25-year veteran Dr. Elizabeth Eads, DO, exposing the lies that Big Pharma, CDC, FDA and NIH are telling the public.  Dr. Eads continues to highlight the real unreported effects of the CV19 bioweapons..

(To Donate to USAWatchdog.com Click Here)

After the Interview:

You can follow Dr. Elizabeth (Betsy) Eads on Twitter, Telegram and Truth Social Dr Betsy and CloutHub DrEads

Dr. Eads has a new website called HealingHumanityWorldwide.com.

Dr. Eads also recommends FLCCC.net and the “I-RECOVER: post vaccine treatment.”

You can help Dr. Eads continue her mission to get the truth out about everything CV19 vax by donating here:  Pay $Docbetsy55 on Cash App, or you can use Dr. Betsy’s Venmo account to donate.

(Please support the truth tellers!!)

SEE YOU ON TUESDAY

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