GOLD PRICE CLOSED UP $11.35 TO $2344.10
SILVER PRICE UP $0.15 TO $27.89
Gold ACCESS CLOSED $2352.55.
Silver ACCESS CLOSED: $28.15
The defense of $2300 gold is now upon us and surpassed. Next up $2400 gold//Silver’s next line is $28.42. Then $34.76
Bitcoin morning price:$70,923 DOWN 869 DOLLARS.
Bitcoin: afternoon price: $69070 DOWN 2722 dollars
Platinum price closing UP $9.15 TO $973,85
Palladium price; UP $29.55 AT $1076.50
END
SHANGHAI GOLD PREMIUM 45 DOLLARS/COMEX GOLD
SHANGHAI GOLD……
SHANGHAI GOLD (USD) FUTURES – QUOTES
Last Updated 09 Apr 2024 12:21:34 PM CT.
Market data is delayed by at least 10 minutes.
…from the CME….
“As of Monday, April 1, 2024, CME Group settlement data is no longer accessible through ftp.cmegroup.com and has a delayed publication time of 12:00 a.m. CT on all cmegroup.com web pages. Learn about alternate ways to access the data in our FAQ.”
the above has yet to happen!
I will now provide gold in Canadian dollars, British pounds and Euros
4: 15 PM ACCESS
*CANADIAN GOLD: $3192.60 UP 18.71 CDN dollars per oz( * NEW ALL TIME HIGH 3,192.60 CDN DOLLARS PER OZ//APRIL 9 2024)
*BRITISH GOLD: 1855,60 UP 8,01 pounds per oz// *(NEW ALL TIME HIGH//CLOSING///1855.60 BRITISH POUNDS/OZ) APRIL 9/2024
*EURO GOLD: 2166,67 UP 13,66 euros per oz //* (ALL TIME CLOSING HIGH: 2166.67 EUROS PER OZ//APRIL 9.2024)
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END
EXCHANGE: COMEX
EXCHANGE: COMEX
CONTRACT: APRIL 2024 COMEX 100 GOLD FUTURES
SETTLEMENT: 2,331.700000000 USD
INTENT DATE: 04/08/2024 DELIVERY DATE: 04/10/2024
FIRM ORG FIRM NAME ISSUED STOPPED
118 H MACQUARIE FUT 1
190 H BMO CAPITAL 18
363 H WELLS FARGO SEC 6
435 H SCOTIA CAPITAL 11
555 C BNP PARIBAS SEC 1
657 C MORGAN STANLEY 1
661 C JP MORGAN 42 23
726 C CUNNINGHAM COM 1
737 C ADVANTAGE 13 17
905 C ADM 1
991 H CME 9
TOTAL: 72 72
JPMORGAN STOPPED (RECEIVED) 23/72 CONTRACTS
FOR APRIL/2024
GOLD: NUMBER OF NOTICES FILED FOR APRIL/2024. CONTRACT: 72 NOTICES FOR 7200 OZ or 0.2239 TONNES
total notices so far: 13,418 contracts for 1,341,800 Oz (41.736 tonnes)
FOR APRIL:
SILVER NOTICES: 4 NOTICE(S) FILED FOR 20,000 OZ/
total number of notices filed so far this month : 511 for 2,555,000 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 $11.35 AND UP ON 10 OUT OF THE LAST 11 TRADING DAYS
INVESTORS SWITCHING TO SPROTT PHYSICAL (PHYS) INSTEAD OF THE FRAUDULENT GLD/ :
HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 1.44 TONNES OF GOLD INTO THE GLD/
/ /INVENTORY RESTS AT 827,85 TONNES
INVENTORY RESTS AT 827.85 TONNES
SLV//
WITH NO SILVER AROUND AND SILVER UP 15 CENTS AT THE SLV//
SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A SMALL DEPOSIT OF 0.549 MILLION OZ OF SILVER INTO THE SLV
// INVENTORY RISES TO 441.929 MILLION OZ/
INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV.
CLOSING INVENTORY: 441.929 MILLION OZ
Let us have a look at the data for today
SILVER//OUTLINE
SILVER COMEX OI FELL BY A FAIR SIZED 291 CONTRACTS TO 174,695 AND RAPIDLY CLOSING IN ON THE RECORD HIGH OI OF 244,710, SET FEB 25/2020 AND THIS STRONG SIZED GAIN IN COMEX OI WAS ACCOMPLISHED WITH OUR STRONG GAIN IN PRICE OF $.33 IN SILVER PRICING AT THE COMEX ON MONDAY. WE HAD ZERO LONG LIQUIDATION AT THE COMEX SESSION WITH AGAIN PANICKING SHORT COVERING BY OUR SPECS WITH THE HUGE PRICE GAIN. WE HAD A MEGA MEGA HUMONGOUS 6146 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 BUT DEMAND IS JUST TOO HIGH FOR THEM.
CRAIG HEMKE HAS POINTED OUT THAT THE CROOKS USE THE MID MONTH FOR MANIPULATION AS THEY SELL THEIR BUY SIDE OF THE CALENDAR SPREAD FIRST AND THEN KEEP THE SELL SIDE TO LIQUIDATE AT A LATER DATE. THUS WE HAVE TWO VEHICLES THE CROOKS USE FOR MANIPULATION AND BOTH ARE SPREADERS: 1) AT MONTH’S END/SPREADERS COMEX AND 2/ TAS SPREADERS, MID MONTH. TOTAL TAS ISSUED ON MONDAY NIGHT: 6146 CONTRACTS. DESPITE MANY COMPLAINTS THAT THE CROOKS HAVE VIOLATED POSITION LIMITS DUE TO THE FACT THAT THE TAS ISSUED HAVE A VALUE OF ZERO (AS TO POSITION LIMITS FOR OUR CROOKED BANKERS). THE PROBLEM OF COURSE IS THAT THE CROOKS DO NOT LIQUIDATE THE TAS TOGETHER BUT SELL THE BUY SIDE FIRST AND THEN LIQUIDATE THE SELL SIDE TWO MONTHS HENCE. IT IS OBVIOUS MANIPULATION TO THE HIGHEST DEGREE BUT IT NATURALLY FELL ON DEAF EARS WITH OUR REGULATORS (OCC) WHEN THEY RECEIVED OUR COMPLAINTS. IT THUS LOOKS LIKE THE FED (GOV’T) IS BEHIND ALL OF THESE TRADES.
WE HAVE NOW SET ANOTHER RECORD LOW AT 114,102 CONTRACTS ///JULY 3.2023// OUR BANKERS WITH THE HELP OF SPECULATORS AND HIGH FREQUENCY TRADERS WERE UNSUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT ROSE BY $0.33), AND WERE UNSUCCESSFUL IN KNOCKING ANY SILVER LONGS AS WE HAD A HUMONGOUS SIZED GAIN OF 1031 CONTRACTS ON OUR TWO EXCHANGES WITH THE GAIN IN PRICE OF $0.33.
WE MUST HAVE HAD:
A HUGE SIZED 1322 CONTRACT ISSUANCE OF EXCHANGE FOR PHYSICALS) iiii) AN INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 2.465 MILLION OZ (FIRST DAY NOTICE) FOLLOWED BY TODAY’S 20,000 OZ QUEUE JUMP //NEW STANDING 3.390 MILLION OZ//
//NEW STANDING FOR SILVER IS THUS 3.390 MILLION OZ
WE HAD:
/ STRONG SIZED COMEX OI GAIN/ HUGE SIZED EFP ISSUANCE/ VI) MEGA HUMONGOUS SIZED NUMBER OF T.A.S. CONTRACT ISSUANCE 6146 CONTRACTS)/
I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL -REMOVED A WHOPPING 740 CONTRACTS //
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS FEB. ACCUMULATION FOR EFP’S SILVER/JPMORGAN’S HOUSE OF BRIBES/STARTING FROM FIRST DAY/MONTH OF APRIL
TOTAL CONTRACTS for 7 days, total 11,721 contracts: OR 58.605 MILLION OZ (1674 CONTRACTS PER DAY)
TOTAL EFP’S FOR THE MONTH SO FAR: 58.605 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 111035 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: 143.750 MILLION OZ// 4TH HIGHEST ON RECORD.
APRIL: 58.605 MILLION OZ (THIS MONTH WILL PROBABLY BE A WHOPPER OF ISSUANCE OF EFPS)
RESULT: WE HAD A FAIR SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 291 CONTRACTS WITH OUR STRONG GAIN IN PRICE OF SILVER PRICING AT THE COMEX//MONDAY.,. THE CME NOTIFIED US THAT WE HAD A HUMONGOUS EFP ISSUANCE CONTRACTS: 1322 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 APRIL. OF 2.465 MILLION OZ ON FIRST DAY NOTICE FOLLOWED BY TODAYS’ 20,000 OZ QUEUE JUMP
//NEW TOTAL STANDING RISES TO 3.390 MILLION OZ
WE HAVE A HUMONGOUS GAIN OF 1031 OI CONTRACTS ON THE TWO EXCHANGES WITH THE HUGE GAIN IN PRICE. THE TOTAL OF TAS INITIATED CONTRACTS TODAY: A MEGA HUMONGOUS SIZED 6146 CONTRACTS, THE 2ND HIGHEST EVER ISSUED//CONSIDERABLE FRONT END OF THE TAS CONTRACTS WERE LIQUIDATED DURING THE MONDAY COMEX SESSION/// WITH MAJOR SHORT COVERING FROM OUR SPEC SHORTS
THE NEW TAS ISSUANCE MONDAY NIGHT (6146) WILL BE PUT INTO “THE BANK” TO BE COLLUSIVELY USED AT A LATER DATE//PROBABLY TODAY., .
WE HAD 4 NOTICE(S) FILED TODAY FOR 20,000 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 GOOD SIZED 5710 CONTRACTS TO 503,537 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 MUCH FURTHER FROM OUR ALL TIME LOW OF 390,000 CONTRACTS.
THE DIFFERENTIAL FROM PRELIMINARY OI TO FINAL OI IN GOLD TODAY: REMOVED 871 CONTRACTS
WE HAD A GOOD SIZED DECREASE IN COMEX OI (5710 CONTRACTS) DESPITE OUR $7,10 GAIN IN PRICE//MONDAY. 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 APRIL. AT 44.8615 TONNES ON FIRST DAY NOTICE FOLLOWED BY TODAY’S E.F.P. JUMP TO LONDON OF 7200 OZ.(0.2239 TONNES)
NEW STANDING 43.085 TONNES// ALL OF THIS HAPPENED WITH OUR $7.10 GAIN IN PRICE WITH RESPECT TO MONDAY’S TRADING. WE HAD A FAIR SIZED LOSS OF 2111 OI CONTRACTS (6.566 PAPER TONNES) ON OUR TWO EXCHANGES.
E.F.P. ISSUANCE
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A STRONG SIZED 3599 CONTRACTS:
The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 503,537
IN ESSENCE WE HAVE A FAIR SIZED DECREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 2111 CONTRACTS WITH 5710 CONTRACTS DECREASED AT THE COMEX// AND A STRONG SIZED 3599 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI LOSS ON THE TWO EXCHANGES OF 2111 CONTRACTS.. WE HAD THE FOLLOWING TAS CONTRACTS INITIATED (ISSUED): A STRONG SIZED 3035 CONTRACTS,
CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES
WE HAD A STRONG SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (3599 CONTRACTS) ACCOMPANYING THE GOOD SIZED LOSS IN COMEX OI (5710) //TOTAL LOSS FOR OUR THE TWO EXCHANGES: 2111 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 APRIL. AT 44.8615 TONNES FOLLOWED BY TODAY’S 0.2239 TONNES E.F.P. JUMP TO LONDON //NEW STANDING 43.085 TONNES.
/ 3) ZERO LONG LIQUIDATION WITH THE GAIN IN PRICE.
// 4) GOOD SIZED COMEX OPEN INTEREST LOSS/ 5) STRONG ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER///6: STRONG T.A.S. ISSUANCE: 3035 CONTRACTS/ HUGE SHORT COVERING BY OUR WRONG FOOTED SPECS.
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS IN 2023-2024 INCLUDING TODAY
APRIL
ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF APRIL. :
TOTAL EFP CONTRACTS ISSUED: 26,989 CONTRACTS OR 2,698,900 OZ OR 83.95 TONNES IN 7 TRADING DAY(S) AND THUS AVERAGING: 3855 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 7 TRADING DAY(S) IN TONNES 83.95 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2022, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 83.95/3550 x 100% TONNES 2.36% 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: 352.21 TONNES//2ND HIGHEST EVER RECORDED EFP ISSUANCE.
APRIL: 83.95 TONNES (WILL BE AN EXTREMELY STRONG MONTH BUT LESS THAN MARCH 2024)
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 APRIL. 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 FAIR SIZED 291 CONTRACTS OI TO 174,695 AND CLOSER TO THE COMEX HIGH RECORD //244,710(SET FEB 25/2020). THE LAST RECORDS WERE SET IN AUG.2018 AT 244,196 WITH A SILVER PRICE OF $14.78/(AUGUST 22/2018)..THE PREVIOUS RECORD TO THAT WAS SET ON APRIL 9/2018 AT 243,411 OPEN INTEREST CONTRACTS WITH THE SILVER PRICE AT THAT DAY: $16.53). AND PREVIOUS TO THAT, THE RECORD WAS ESTABLISHED AT: 234,787 CONTRACTS, SET ON APRIL 21.2017 OVER 6 YEARS AGO. HOWEVER WE HAVE NOW SET A NEW RECORD LOW OF 114,102 CONTRACTS JULY 3.2023
EFP ISSUANCE 1322 CONTRACTS
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
MAY 1322 and ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 1322 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. IF WE TAKE THE COMEX OI GAIN OF 449 CONTRACTS AND ADD TO THE 1322 E.FP. ISSUED
WE OBTAIN A HUMONGOUS SIZED GAIN OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES OF 1071 CONTRACTS
THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES TOTAL 6.566 MILLION OZ
OCCURRED WITH OUR $0.33 GAIN IN PRICE …..
END
OUTLINE FOR TODAY’S COMMENTARY
1a/COMEX GOLD AND SILVER REPORT
(report Harvey)
b, ) Gold/silver trading overnight Europe,//GOLD COMMENTARIES
(Peter Schiff)
c) Commentaries from: Egon von Greyerz///Matthew Piepenburg via GoldSwitzerland.com, Pam and Russ Martens
ii a) Chris Powell of GATA provides to us very important physical commentaries
b. Other gold/silver commentaries
c. Commodity commentaries//
d)/CRYPTOCURRENCIES/BITCOIN ETC
2.ASIAN AFFAIRS//
TUESDAY MORNING/MONDAY NIGHT
SHANGHAI CLOSED UP 1.49 PTS OR .05% //Hang Seng CLOSED UP 95.22 PTS OR .32% / Nikkei CLOSED UP 426.09 PTS OR 1.08% //Australia’s all ordinaries CLOSED UP 0.45%///Chinese yuan (ONSHORE) closed DOWN 7.2375 //OFFSHORE CHINESE YUAN CLOSED DOWN TO 7.2418 /Oil DOWN TO 85.82 dollars per barrel for WTI and BRENT DOWN AT 89.77/ Stocks in Europe OPENED ALL RED// ONSHORE YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING WEAKER AGAINST US DOLLAR/OFFSHORE YUAN WEAKER
A)NORTH KOREA/SOUTH KOREA
outline
b) REPORT ON JAPAN/
OUTLINE
3 CHINA
OUTLINE
4/EUROPEAN AFFAIRS
OUTLINE
5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
OUTLINE
6.Global Issues//COVID ISSUES/VACCINE ISSUES
OUTLINE
7. OIL ISSUES
OUTLINE
8 EMERGING MARKET ISSUES
9. USA
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1. COMEX DATA//AMOUNTS STANDING//VOLUME OF TRADING/INVENTORY MOVEMENTS
GOLD
LET US BEGIN:
THE TOTAL COMEX GOLD OPEN INTEREST FELL BY A STRONG 5710 CONTRACTS TO 503,537 DESPITE OUR GAIN IN PRICE OF $7.10 WITH RESPECT TO MONDAY TRADING. WE HAD STRONG T.A.S. LIQUIDATION AS WELL AS SHORTS ARE DESPERATELY TRYING TO GET OUT OF THEIR NAKED SHORTS.
EXCHANGE FOR PHYSICAL ISSUANCE
WE ARE NOW IN THE NON ACTIVE DELIVERY MONTH OF APRIL..… THE CME REPORTS THAT THE BANKERS ISSUED A GOOD SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS.,
THAT IS 3599 EFP CONTRACTS WERE ISSUED: : JUNE 3599 & ZERO FOR ALL OTHER MONTHS:
TOTAL EFP ISSUANCE: 3599 CONTRACTS
ON A NET BASIS IN OPEN INTEREST WE LOST THE FOLLOWING TODAY ON OUR TWO EXCHANGES: A FAIR SIZED TOTAL OF 2111 CONTRACTS IN THAT 3599 LONGS WERE TRANSFERRED AS EXCHANGE FOR PHYSICALS TO LONDON AND WE HAD A GOOD SIZED LOSS OF 5710 COMEX CONTRACTS..AND THIS FAIR LOSS ON OUR TWO EXCHANGES HAPPENED DESPITE OUR GAIN IN PRICE OF $7.10 MONDAY COMEX. AS PER OUR NEWBIE TRADE AT SETTLEMENT (TAS) MANIPULATION OPERATION (WHICH CRAIG HEMKE HAS POINTED OUT HAPPENS DURING MID MONTH IN THE DELIVERY CYCLE), THE CME REPORTS THAT THE TOTAL T.A.S. ISSUANCE FOR MONDAY NIGHT WAS A STRONG SIZED 3035 CONTRACTS. WE HAD 0 EX FOR RISK ISSUANCE
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 STRONG T.A.S. ISSUANCE.
// WE HAVE A STRONG AMOUNT OF GOLD TONNAGE STANDING: APRIL (43.085 TONNES) ( 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: 18.8398 TONNES + 1.1695 EX FOR RISK = 20.093 TONNES
APRIL: 2024: 43.085 TONNES
THE SPECS/HFT WERE UNSUCCESSFUL IN LOWERING GOLD’S PRICE( IT ROSE $7,10 //// AND WERE UNSUCCESSFUL IN KNOCKING ANY SPECULATOR LONGS AS WE HAD A FAIR SIZED LOSS OF TOTAL CONTRACTS ON OUR TWO EXCHANGES WITH OUR GAIN IN PRICE 0F $7.10. ALL OF THE LOSS IN OI WAS DUE TO MASSIVE SHORT COVERING BY SPECULATORS.
WE HAD A HUGE T.A.S. LIQUIDATION ON THE FRONT END OF MONDAY’S TRADING ALONG. THE T.A.S. ISSUED ON MONDAY NIGHT, WILL BE “PUT INTO THE BANK” TO BE USED AT A LATER DATE AT THE COLLUSIVE CHOOSING OF OUR BANKERS.
WE HAVE LOST A TOTAL OI OF 6.566 PAPER TONNES FROM OUR TWO EXCHANGES, ACCOMPANYING OUR INITIAL GOLD TONNAGE STANDING FOR APRIL. (44.8615 TONNES) ON FIRST DAY NOTICE FOLLOWED BY TODAY’S E.F.P. JUMP TO LONDON OF 7200 OZ (0.2239 TONNES)//NEW STANDING; 43.085 TONNES
NEW STANDING: 43.085 TONNES
ALL OF THIS WAS ACCOMPLISHED DESPITE OUR GAIN IN PRICE TO THE TUNE OF $7.10
WE HAD REMOVED 871 CONTRACTS TO THE COMEX TRADES TO OPEN INTEREST (CROOKS)
NET LOSS ON THE TWO EXCHANGES 2111 CONTRACTS OR 211100 (6.566 TONNES)
estimated volume today 301,670 // very GOOD
final gold volumes/yesterday 301,670 very good
//speculators have left the gold arena
APRIL 9/ INITIAL APRIL GOLD
/ /// THE APRIL 2024 GOLD CONTRACT
| Gold | Ounces |
| Withdrawals from Dealers Inventory in oz | nil |
| Withdrawals from Customer Inventory in oz | 1207.55 oz brinks . |
| Deposit to the Dealer Inventory in oz | nil oz |
| Deposits to the Customer Inventory, in oz | nil oz |
| No of oz served (contracts) today | 72 notice(s) 7200 OZ 0.2239 TONNES |
| No of oz to be served (notices) | 434 contracts 43,400oz 1.3499 TONNES |
| Total monthly oz gold served (contracts) so far this month | 13,418 notices 1,341,800 oz 41.736 TONNES |
| Total accumulative withdrawals of gold from the Dealers inventory this month | NIL oz |
| Total accumulative withdrawal of gold from the Customer inventory this month | x |
0 dealer deposits:
total dealer deposits: nil oz
total customer withdrawals: 1
i) Out of Brinks: 1207.55 ooz
total customer withdrawal: 1207.55 oz
we had total deposit 0 oz
Adjustments: 1 customer to dealer; JPMorgan
9645.300 oz
CALCULATIONS FOR THE AMOUNT OF GOLD STANDING FOR APRIL.
For the front month of APRIL we have an oi of 506 contracts having LOST 339 contracts. We had 267 contracts served on MONDAY, so we lost 72 contracts or an additional 7200 oz (0.2239 tonnes) will not stand at the comex as they were immediately ferried over to London via an EFP transfer to take immediate delivery over on that side of the pond as no gold could be found over here.
MAY LOST 61 CONTRACTS TO STAND AT 1560
JUNE DECREASED ITS OI BY 6513 CONTRACTS DOWN TO 424,763 CONTRACTS.
We had 72 contracts filed for today representing 7200 oz
Today, 0 notice(s) were issued from J.P.Morgan dealer account and 42 notices were issued from their client or customer account. The total of all issuance by all participants equate to 72 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 23 notice(s) was (were) stopped (received) by J.P.Morgan//customer account
To calculate the INITIAL total number of gold ounces standing for the APRIL. /2024. contract month, we take the total number of notices filed so far for the month (13,418 x 100 oz ), to which we add the difference between the open interest for the front month of APRIL. (506 CONTRACTS) minus the number of notices served upon today 72 x 100 oz per contract equals 1,385,200 OZ OR 43.085 TONNES.
thus the INITIAL standings for gold for the APRIL. contract month: No of notices filed so far (13,418) x 100 oz + (506) {OI for the front month} minus the number of notices served upon today (72) x 100 oz which equals 1,385,200 oz (43.085 TONNES)
TOTAL COMEX GOLD STANDING FOR APRIL: 43.085 TONNES WHICH IS HUGE FOR THIS 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: 1,586,497.812 49.34 tonnes
TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD: 17,582,172.588 OZ
TOTAL REGISTERED GOLD 7,531,079.537 (234.24 tonnes).
TOTAL OF ALL ELIGIBLE GOLD: 10,051,093.031 OZ
REGISTERED GOLD THAT CAN BE SERVED UPON: 5,944,582 oz (REG GOLD- PLEDGED GOLD) 184.90 tonnes/dropping like a stone
END
SILVER/COMEX
APRIL 9
INITIAL
//2024// THE APRIL 2024 SILVER CONTRACT//INITIAL
| Silver | Ounces |
| Withdrawals from Dealers Inventory | NIL oz |
| Withdrawals from Customer Inventory | 23,736.373. oz Brinks Delaware . |
| Deposits to the Dealer Inventory | nil OZ |
| Deposits to the Customer Inventory | 598,800.750 oz CNT |
| No of oz served today (contracts) | 4 CONTRACT(S) (20,000 OZ) |
| No of oz to be served (notices) | 167 contracts (835,000 oz) |
| Total monthly oz silver served (contracts) | 511 Contracts (2,555,000 oz) |
| Total accumulative withdrawal of silver from the Dealers inventory this month | NIL oz |
| Total accumulative withdrawal of silver from the Customer inventory this month |
i) 0 dealer deposit
total dealer deposit :nil oz
i) We had 0 dealer withdrawal
total dealer withdrawals: 0 oz
We had 1 deposits customer account:
i) Into CNT 598,800.350 oz
total customer deposits 598,800.790 oz
JPMorgan has a total silver weight: 129.806 million oz/290.072 million or 44.82%
adjustment: 0
Comex withdrawals: 2
i) Out of Brinks 19,738.900 oz
ii) Out of Delaware: 3997.923 oz
total withdrawal: 23,736.823 oz
adjustment: 0
TOTAL REGISTERED SILVER: 46.756MILLION OZ//.TOTAL REG + ELIGIBLE. 290.072million oz
CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR DECEMBER:
silver open interest data:
FRONT MONTH OF APRIL /2023 OI: 171 CONTRACTS HAVING LOST 80 CONTRACT(S).
WE HAD 84 CONTRACTS SERVED ON MONDAY, SO WE GAINED 4 CONTRACTS OR ADDITIONAL 20,000 OZ WILL STAND AT THE COMEX UNDERGOING A QUEUE JUMP
MAY SAW A LOSS OF 5484 CONTRACTS DOWN TO 108,484
JUNE SAW A GAIN OF 38 CONTRACTS RISING TO 3534.
JULY SAW A GAIN OF 4983 CONTRACTS UP TO 45,725
TOTAL NUMBER OF NOTICES FILED FOR TODAY: 4 for 20,000 oz
Comex volumes// est. volume today 162,492 wow
Comex volume: confirmed yesterday 162,492 wow!!.
To calculate the number of silver ounces that will stand for delivery in APRIL. we take the total number of notices filed for the month so far at 511 x 5,000 oz = 2,555,000 oz
to which we add the difference between the open interest for the front month of APRIL (171) and the number of notices served upon today 4 x (5000 oz) equals the number of ounces standing.
Thus the standings for silver for the APRIL/2024 contract month: 511 (notices served so far) x 5000 oz + OI for the front month of APRIL. (171) – number of notices served upon today (4 )x 500 oz of silver standing for the APRIL contract month equates to 3.390 MILLION OZ.
New total standing: 3.390 million oz.
There are 46.756 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!
APRIL 9 WITH GOLD UP $11.35 TODAY; HUGE CHANGES IN GOLD INVENTORY AT THE GLD //A DEPOSIT OF 1.44 TONNES OF GOLD INTO THE GLD/ INVENTORY RISES AT 827,85 TONNES
APRIL 8 WITH GOLD UP $7.10 TODAY; HUGE CHANGES IN GOLD INVENTORY AT THE GLD //A WITHDRAWAL OF 6.02 TONNES OF GOLD INTO THE GLD/ INVENTORY REMAINS AT 826.41 TONNES
APRIL 5 WITH GOLD UP $38.65 TODAY; HUGE CHANGES IN GOLD INVENTORY AT THE GLD //A DEPOSIT OF 1.72 TONNES OF GOLD INTO THE GLD/ INVENTORY REMAINS AT 832.45 TONNES
APRIL 4 WITH GOLD DOWN $3.35 TODAY; HUGE CHANGES IN GOLD INVENTORY AT THE GLD //A DEPOSIT OF 1.73 TONNES OF GOLD INTO THE GLD/ INVENTORY REMAINS AT 830.73 TONNES
APRIL 3 WITH GOLD UP $33,85 TODAY; NO CHANGES IN GOLD INVENTORY AT THE GLD // INVENTORY REMAINS AT 829.00 TONNES
APRIL 2 WITH GOLD UP $23.90 TODAY; HUG CHANGES IN GOLD INVENTORY AT THE GLD A WITH DRAWAL OF 1.15 TONNES OF GOLD FROM THE GLD.:// INVENTORY REMAINS AT 829.00 TONNES
APRIL 1 WITH GOLD UP $18.70 TODAY; NO CHANGES IN GOLD INVENTORY AT THE GLD:// INVENTORY REMAINS AT 830.15 TONNES
MARCH 28 WITH GOLD UP $26.30 TODAY; NO CHANGES IN GOLD INVENTORY AT THE GLD:// INVENTORY REMAINS AT 830.15 TONNES
MARCH 27 WITH GOLD UP $15.00 TODAY; HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 5.18 TONNES OF GOLD FROM THE GLD// INVENTORY FALLS TO 830.15 TONNES
MARCH 26 WITH GOLD UP $1.40 TODAY; NO CHANGES IN GOLD INVENTORY AT THE GLD INVENTORY RISES TO 835.33 TONNES
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
GLD INVENTORY: 827,,85 TONNES
Now the SLV Inventory/( vehicle is a fraud as there is no physical metal behind them
APRIL 9/WITH SILVER UP $0.15 TODAY: SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 0.549 MILLION OZ INTO THE SLV// SLV INVENTORY RESTS AT 441.929 MILLION OZ
APRIL 8/WITH SILVER UP $0.33 TODAY: SMALL CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 0.320 MILLION OZ INTO THE SLV// SLV INVENTORY RESTS AT 441.328 MILLION OZ
APRIL 5/WITH SILVER UP $0.61 TODAY: HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 3.748 MILLION OZ INTO THE SLV// SLV INVENTORY RESTS AT 441.060 MILLION OZ
APRIL 4/WITH SILVER UP $0.20 TODAY: HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 3.671 MILLION OZ INTO THE SLV// SLV INVENTORY RESTS AT 437.312 MILLION OZ
APRIL 3/WITH SILVER UP $1.14 TODAY: HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 2.835 MILLION OZ INTO THE SLV// SLV INVENTORY RESTS AT 433.641 MILLION OZ
APRIL 2/WITH SILVER UP 84 CENTS TODAY: HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 6.721 MILLION OZ INTO THE SLV// SLV INVENTORY RESTS AT 430.806 MILLION OZ
APRIL 1/WITH SILVER UP 14 CENTS TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV// SLV INVENTORY RESTS AT 424.085 MILLION OZ
MARCH 28/WITH SILVER UP 20 CENTS TODAY: HUGE CHANGES IN SILVER INVENTORY AT THE SLV A DEPOSIT OF 1.005 MILLION OZ INTO THE SLV: SLV INVENTORY RESTS AT 424.085 MILLION OZ
MARCH 27/WITH SILVER UP 14 CENTS TODAY: HUGE CHANGES IN SILVER INVENTORY AT THE SLV A A DEPOSIT OF 1.691 MILLION OZ INTO THE SLV: SLV INVENTORY RESTS AT 423.079 MILLION OZ
MARCH 26/WITH SILVER DOWN 24 CENTS TODAY: SMALL CHANGES IN SILVER INVENTORY AT THE SLV A A DEPOSIT OF 0.366 MILLION OZ INTO THE SLV: SLV INVENTORY RESTS AT 421.388 MILLION OZ
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 441.929 MILLION OZ//
PHYSICAL GOLD/SILVER COMMENTARIES
PETER SCHIFF/SCHIFFGOLD/MIKE MAHARRAY
Biden at it again:
Student Loan Inflation, Here It Goes Again
TUESDAY, APR 09, 2024 – 12:25 PM
As the Democratic Party has shifted away from its traditional base of working-class and middle-class Americans, to an increased reliance on college professors, students, and highly educated but low-paid professions, such as social workers, a new policy has risen to prominence: student loan forgiveness.
Borrowed money to advance your career or to study something you got pleasure from but don’t want to pay your loans back?
The new favorite argument by progressive policymakers is that you shouldn’t have to; the taxpayers can take the financial hit for you.
President Biden early in his term tried to deliver on that left-wing commitment by unilaterally canceling $400 billion in student loans. Biden claimed that the Higher Education Relief Opportunities For Students Act, which allowed the Secretary of Education to modify loans in response to national emergencies, combined with the pandemic coronavirus let him waive and modify student loans. The Supreme Court rejected his interpretation of that law.
Now, President Biden is back at it trying for another round of student loan forgiveness despite the mountains of criticism earlier actions took. Beyond the legal criticisms, policy experts have pointed out that student loan forgiveness is regressive because much of the debt is held by students who borrowed tens of thousands to go to graduate school, some of whom will go on to lucrative careers as doctors, dentists, lawyers, and more. Further, when debtors no longer devote part of their budget to repaying loans, this will free up their spending on other goods and services. The influx of new dollars chasing goods and services will make the prices increase in general. This is another inflation-pushing policy.
On Monday, April 8, Biden revealed the details of his new student loan forgiveness plan. It involves several planks. One plank would allow wiping away tens of thousands of accrued interest for borrowers and would extend forgiveness to relatively wealthy borrowers- couples making almost a quarter of a million dollars annually would be eligible. It would also reward borrowers who delayed paying back their loans, providing forgiveness to borrowers who still have not repaid their loans after 20 years for undergraduate students, or 25 years for undergraduate students.
The legal basis for this executive action is a law from the 1960s, the 1965 Higher Education Act, which as written allows the Secretary of Education to amend student loan terms.
When Senator Elizabeth Warren ran for president, she argued that this meant the Secretary of Education could be ordered by the president to forgive student loan borrowers en masse.
Perhaps the worst thing about these student loan forgiveness moves for the broader public is that even if courts limit or strike down some of these executive actions, student loan borrowers, to the extent that they are rational, should price in a now higher probability that at some point a Democratic president will try to bail out their loans, no matter how regressive such a policy might be.
These “rational expectations” that student loan borrowers now have an increased probability of a sudden windfall in the form of student loan forgiveness, should encourage them to save less, deprioritize paying off loans they voluntarily took, and increase their spending on consumption.
This increased consumption is rational already and encouraging additional dollars to chase the same supply of goods and services will drive inflation.
Another major downside of these student loan forgiveness plans is how they might encourage borrowers to run up higher tabs because they know there is some possibility that Biden or some other left-wing politician might waive their loans. While college students might reasonably borrow loans to pay for educational programs, each dollar borrowed with under market rates or forgiven by the federal government is fundamentally paid for by the rest of society. Students might also rationally borrow money they don’t strictly need for educational purposes to increase their standard of living, a practice that actually has sound economic logic and is known as consumption smoothing. However, to the extent this practice increases due to the risk of student loan forgiveness it will just be another factor propping up the painful Biden-esque levels of inflation we are already stuck with.
Until Congress changes the law to prevent unilateral executive action on student loan forgiveness or proponents of it pay a heavy political cost, inflation will be higher than it should be due to the specter of student loan forgiveness.
END
Peter Schiff: Gold Rises, Even With Bad News
TUESDAY, APR 09, 2024 – 09:45 AM
This week Peter recaps another stellar week for precious metal. He also discusses Friday’s jobs report, commodity prices, and Bitcoin.
Peter starts by putting this week’s surge into context:
“There’s an old Wall Street saying: ‘nobody rings a bell,’ meaning that nobody warns you when you’re at a major top or a major bottom. The problem is there are bells. It’s just that people don’t recognize them. They don’t hear them. They don’t know what to listen for. Well, there was a big bell rung today in the gold market, in the silver market. And everybody is tone deaf. … To give you an idea of the size of the gain this week in gold and silver, gold rose 4% on the week, which is a big move for gold in one week. Silver rose 10%.”
Friday’s relatively strong jobs report is no consolation since most of this month’s new jobs are in the public sector:
“All these jobs— net— are part-time jobs. Look at the jobs. Almost 70% of them are government jobs. They are health care jobs, and a lot of health care jobs are really government jobs in disguise. And food and beverage, hospitality, waiters, bartenders, hotel maids, that kind of stuff— that’s where the jobs are. We had no creation of manufacturing jobs at all. And last month’s loss of manufacturing jobs, which was originally reported at minus 4,000, was revised to minus 10,000.”
Even with bond yields rising, gold still went up this week. This suggests there’s something more at play than what Wall Street’s trading algorithms can detect:
“Gold’s going up no matter what. It’s just that it’ll go up even more on weak economic news than on strong economic news. But whatever the news is, gold is going up! Gold is being repriced. Central banks are increasing their gold reserves. They don’t care! They don’t care about the Fed at this point. They don’t care how many rate cuts we’re going to get this year. They don’t even care if we get any rate cuts this year. None of it matters. Gold is going up no matter what.”
Evidence keeps mounting that inflation is not under control, with the CRB Commodity Index up 17% this year and oil up 22%. This directly counters the Federal Reserve’s most recent narrative:
“The Fed should be hiking rates, but they can’t. As I said, they’ll cause a financial crisis. … So they keep talking about how inflation is contained— that they still think it’s coming down. They’re just not quite sure yet. They need a little bit more evidence. All the evidence shows that inflation is going up. So it’s all B.S. They’re sticking to their script. … If the Fed hiked rates, it would be the biggest admission of a mistake, because if the Fed hikes rates, what does that mean? … They were wrong!”
Today’s economy is reminiscent of 2007’s. Every economic problem is supposedly under government control— until it isn’t:
“This is all like 2007, 2008, when after so many years of warning about a problem in the housing market and the subprime market, it finally blew up. And the mainstream were still completely oblivious. They were still holding to this ‘Goldilocks’ greatest story ever told. … Right up until the collapse of Lehman. This is the same thing. We’ve had the equivalent of the subprime lenders going bankrupt and people thinking, ‘Don’t worry about that. It’s contained.’ And at the same time, we got all these Bitcoin ETFs creating this huge distraction, this huge side show that’s distracted people’s attention from the center ring. They’re all over there in Bitcoin, and they’re missing out on gold.”
Some of the economic damage could’ve been contained had Jerome Powell and the Fed not enabled disastrous Federal policy:
“When the president makes a mistake and the chairman of the Federal Reserve knows it’s a mistake, he doesn’t just sit there silent! It’s his job to criticize it, because the average American doesn’t know. … We’re supposed to put real smart guys to head the Federal Reserve— smarter than the average truck driver or waitress. So he needs to explain to that truck driver and that waitress what they’re doing is wrong. They’re going to destroy the value of your savings— of your paychecks. But no, he’s afraid to do that. He won’t criticize any policy because he doesn’t want to upset any of the congressmen. Why not? If they’re doing the wrong thing, what’s more important? Their feelings? Their political career or the country?”
Sadly it does in fact seem that the political forces at play will keep the Fed from exercising the proper monetary policy needed to correct years of inflation.
2.Commentaries from: Egon von Greyerz///Matthew Piepenburg via GoldSwitzerland.com, Pam and Russ Martens/
END
3. CHRIS POWELL//GATA
Huge news!! massive imports of silver to India to make solar panels
(ReutersGATA)
India’s February silver imports hit record and set to rise 66% this year
Submitted by admin on Tue, 2024-04-09 10:27 Section: Daily Dispatches
From Reuters
via The Times of India, Mumbai
Monday, April 8, 2024
India’s silver imports surged by 260% in February to a record high, as lower duties encouraged large purchases from the United Arab Emirates, government and industry officials told Reuters, adding they were on track to increase by 66% this year.
Higher demand in India, the world’s biggest silver consumer, could support global prices trading near their highest in three years.
India imported a record 2,295 metric tons of silver in February, up from 637 tons in January, said a government official who declined to be named as he was not authorised to talk to the media. …
… For the remainder of the report:
end
Mike Maharrey: Why is the mainstream always disparaging gold?
Submitted by admin on Tue, 2024-04-09 10:12 Section: Daily Dispatches
By Mike Maharrey
Money Metals Exchange, Eagle, Idaho
Monday, April 8, 2024
According to the mainstream, it’s always time to sell gold.
Maybe listening to mainstream talking heads isn’t the best strategy.
On March 8, CNBC’s”Fast Money” featured TD Securities senior commodity strategist Daniel Ghali arguing that it was time to take profits on gold.
That didn’t age well.
Gold closed around $2,162 that day. Since then the yellow metal has gone up over 8 percent.
It’s not so much that Ghali made the wrong call. Anybody trying to predict market movements is going to make the wrong call from time to time. The issue is the mainstream constantly poo-poos gold, whether it’s going up, down, or sideways. …
… For the remainder of the commentary:
https://www.moneymetals.com/news/2024/04/08/why-is-the-mainstream-always-poo-pooing-gold-003103
END
AWFUL!
Idaho governor vetoes bill to enable state to hold protective gold and silver
Submitted by admin on Mon, 2024-04-08 20:15 Section: Daily Dispatches
By JP Cortez
Sound Money Defense League
via Money Metals Exchange, Eagle, Idaho
Monday, April 8, 2024
Idaho Gov. Brad Little today vetoed legislation that would have enabled the Idaho state treasurer to protect state reserve funds with an allocation to physical gold and silver, sending an ominous message to the state’s mining industry and investors.
Senate Bill 1314 — sponsored by Sen. Phil Hart and Rep. Barbara Ehardt — passed overwhelmingly in the Idaho Senate before being approved by the House in late March, only to be vetoed by the governor.
The House and Senate have the right to override the veto this week.
Backed by the Sound Money Defense League and thousands of grassroots Idaho activists and taxpayers — along with the Gem State’s mining industry — the measure would have allowed the treasurer to acquire gold and silver for certain state reserve funds, helping to hedge against the risks of inflation, debt default, and financial turmoil. …
… For the remainder of the report:
* * *
4. OTHER MAJOR GOLD COMMENTARIES/PODCASTS/
Last night:
China Gold-Buying Frenzy Sparks Chaos In ETFs
MONDAY, APR 08, 2024 – 06:40 PM
For the second time in a week, trading in an ETF that owns gold companies was halted in China overnight.
The ETF’s price had gained over 40% in the past four sessions before falling 10% after trading resumed Monday.
“The lack of alternatives, and the fact that it’s become a lot more difficult than it was a few years ago to get your money out of China and invest elsewhere – I think that’s definitely helping gold,” said Nikos Kavalis, managing director at consultancy Metals Focus Ltd.
“Demand is pretty decent, considering where the price is.”
China Asset Management Co. – who run the ChinaAMC CSI SH-SZ-HK Gold Industry Equity ETF – halted the investment vehicle “to protect investors’ interests” as the fund’s premium over its underlying assets increased to more than 30%…
As Bloomberg’s Eric Balchunas highlighted: “Investors [in China] are so desperate to buy things that are not linked to their own economy/stock mkt, which has been in the gutter.”
For context, that surge in the ETF correlated with a spot gold price near $2700…
Source: Bloomberg
As Bloomberg reports, the enthusiasm about products tied to gold, which has staged a record-setting rally in recent weeks, shows a desire to park money in a sector seen relatively immune to a struggling economy.
“Gold is trading at an all time high and gold ETF demand has surged in the past week with almost $600 million of net inflows into gold ETFs globally,” said Rebecca Sin, a Bloomberg Intelligence analyst.
“Demand in Mainland China could continue as investors look to diversify their holdings with commodities and foreign ETFs.”
The ETF fervor is a fresh example of yield-hungry Chinese investors flocking to pockets of market strength as deepening property woes, volatile stocks and falling deposit rates reduce their options.
For those wondering why buying bitcoin ETFs is not allowed there, Bloomberg’s Eric Balchunas notes that “if it were, they’d be going gaga for them given how much FOMO they have been showing for gold and US stocks (btc easily outperforming both).”
end
Cosco is now selling up to $200 million dollars worth of one oz gold bars per month
this is huge
(zerohedge0
PAMP It: Costco Selling Up To $200 Million In Gold Bars Per Month, Wells Fargo Estimates
TUESDAY, APR 09, 2024 – 03:25 PM
Last December, wholesale retailer Costco announced that they had sold over $100 million worth of gold in Q3 2023.
“You’ve probably read about the fact that we’re selling one-ounce gold bars. We sold over $100 million of gold during the quarter,” sad CFO Richard Galenti.
Now, Wells Fargo estimates that Costco “may now be running at” $100 million to $200 million per month in gold sales.
“Our work suggests there has been significant interest given COST’s aggressive pricing and high level of customer trust,” said analyst Edward Kelly in a Tuesday note to clients. “The accelerating frequency of Reddit posts, quick on-line sell-outs of product, and COST’s robust monthly eComm sales suggests a sharp uptick in momentum since the launch,” CNBC reports.
Costco is selling one-ounce bars made of nearly pure 24-karat gold. While the price is not disclosed online to nonmembers, it’s estimated that the product generally sells for about 2% above the spot price, which as of Tuesday morning was around $2,357 an ounce. That would put the price at Costco just over $2,400.
Sales of Costco gold bars are now limited to five per customer (up from two), while executive members receive 2% back. Those who use their Citigroup credit cards will receive a further 2%.
“Pricing at that level and shipping costs suggests it’s a very low profit business at best,” wrote Kelly.
Spot prices for gold have notably been on a tear this year, rising over 13% YTD amid persistent inflation, nearly $35 trillion in national debt (and growing), and investor fears over the state of the ‘deteriorating US fiscal situation,’ according to the report.
According to DataTrek co-founder Nicholas Colas, “The move suggests that many foreign governments feel the need to hedge geopolitical outcomes that might be negative catalysts for other risk assets like stocks.”
“The only good news is that this reinforces the idea of gold as a reasonable hedge for diversified portfolios,” he added.
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 TUESDAY MORNING.7:30 AM
ONSHORE YUAN: CLOSED DOWN 7.2375
OFFSHORE YUAN: UP TO 7.2418
SHANGHAI CLOSED UP 1.49 PTS OR .05%
HANG SENG CLOSED UP 95.22 PTS OR .32%
2. Nikkei closed UP 426.09 OR 1.08%
3. Europe stocks SO FAR: ALL RED
USA dollar INDEX UP TO 103.89 EURO RISES TO 1.0856 DOWN 6 BASIS PTS
3b Japan 10 YR bond yield: FALLS TO. +.782Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 151.72/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 DOWN CHINESE ONSHORE YUAN: DOWN/ OFFSHORE: DOWN
3f Japan is to buy INFINITE TRILLION YEN worth of BONDS. Japan’s GDP equals 5 trillion USA
Japan to buy 100% of all new Japanese debt and NOW they will have OVER 50% of all Japanese debt.
3g Oil 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 +2.3725***/Italian 10 Yr bond yield DOWN to 3.714* /SPAIN 10 YR BOND YIELD DOWN TO 3.182…**
3i Greek 10 year bond yield DOWN TO 3.295
3j Gold at $2345.70 silver at: 27.84 1 am est) SILVER NEXT RESISTANCE LEVEL AT $28.40
3k USA vs Russian rouble;// Russian rouble DOWN 0 AND 30 /100 roubles/dollar; ROUBLE AT 93.00//
3m oil into the 85 dollar handle for WTI and 89 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 151.72// 10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 0.7820% 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 0.9037 as the Swiss Franc is still rising against most currencies. Euro vs SF: 0.9818 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: 4.372 DOWN 5 BASIS PTS…
USA 30 YR BOND YIELD: 4.506 DOWN 5 BASIS PTS/
USA 2 YR BOND YIELD: 4.740 DOWN 5 BASIS PTS
USA DOLLAR VS TURKISH LIRA: 32.29…(TURKEY SET TO BLOW UP FINANCIALLY)
GREAT BRITAIN/10 YEAR YIELD: DOWN 9 BASIS PTS AT 4.067
end
2.a Overnight: Newsquawk and Zero hedge,
Futures Flat In Cautious Trade Ahead Of CPI As Gold Roars To New Record High
TUESDAY, APR 09, 2024 – 08:10 AM
US equity futures are trading in a narrow range, swinging between gains and losses as bonds climbed, clawing back some of Monday’s slump which sent yields to the highest since last November in the buildup to US CPI print tomorrow that is crucial to the Fed’s decision when it will start to cut interest rates; Government debt in the UK and Germany followed suit, with yields falling across the curve after a 20-year UK bond sale drew record demand from investors. As of 8:00am, S&P futures were up 0.1% but traded tightly around the unchanged line as they extended Monday’s flat close on Wall Street, when trading was the thinnest since Christmas. Nasdaq futures gained 0.2% while Europe’s Estoxx 50 was down about 0.5%, with technology and industrials leading to the downside. Commodity markets are higher lead by Energy and Metals, with Gold hitting a new record high, rising as much as $25 to $2,365 before paring gains. The macro picture is light today but keep an eye on the 3Y auction, which may give some cues to investor positioning ahead of the CPI.
In premarket trading, Mag7 names are mixed with Semis up. Blackberry rose 6.9% after the Canadian software company announced a robotics collaboration with AMD. Here are some other notable premarket movers:
- ChargePoint shares fell 4.3% as Goldman Sachs downgraded the provider of electric vehicle charging solutions to sell from neutral, on expectations of a slower EV market in the US. Goldman also lowered its rating on sector peer Sensata to neutral from sell.
- Maxeon Solar shares dropped 16% after the solar-panel maker’s first-quarter revenue forecast missed estimates.
Caution dominates sentiment before Wednesday’s inflation report, which is forecast to show some further easing of price pressures but may surprise to the upside after the recent surge in oil prices. Traders are also preparing for the ECB’s rates announcement on Thursday, which could support bets on earlier easing by the ECB than the Fed, and for the start of the first-quarter earnings season. While markets now favor just two US rate cuts this year, former Fed St. Louis President James Bullard said three reductions remain “the base case.”
For Mohit Kumar, strategist and chief economist for Europe at Jefferies, the more important discussion should be over how the Fed would respond to any signs that resilience in the American economy is faltering. “The right question is whether the Fed is willing to cut rates if there is any sign of weakness,” Kumar wrote in a note to clients. “And on that we are reasonably confident that if the economy weakens, we will see easing from the Fed which would support risk sentiment.”
While economists surveyed by Bloomberg expect the consumer price index will show some cooling in inflation, the core gauge, which excludes food and energy costs, is forecast to be up 3.7% from a year earlier — above the Fed’s 2% target. Concerns, however, are for hotter prints in the future, which reflect the ongoing surge in gold, which rose as much as $25 to $2,365 this morning, a new record high, and up more 17% since mid-February. Copper traded near a 15-month high as supply tightens and global manufacturing picks up.
Marija Veitmane, head of equity markets research at State Street Global, said her firm’s measure of online inflation pointed to a potentially above-consensus read. “We have seen prices in every sector we track to grow at higher than average pace in March,” she said. As for corporate results, “we continue to worry about narrowness of earnings, where majority of growth comes from the tech/large-cap stocks, which majority of companies are showing signs of stress,” Veitmane said. “Falling margins are particular concerns as they tend to precede layoffs.”
European stocks fall with consumer products, construction and real estate underperforming. FTSE 100 outperforms peers, adding 0.2%, DAX lags, dropping 0.6%. In individual stock moves Tuesday, BP Plc rose to a five-month high after an update that analysts said showed a strong performance in oil and gas trading. Renault SA advanced after an upgrade from analysts at Barclays Plc. Mining stocks were a bright spot in Europe as iron ore headed for its biggest two-day rally in more than two years.
Earlier in the session, Asian stocks climbed for a second day, as TSMC helped drive gains in tech shares on investor excitement over its US production plans. The MSCI Asia Pacific Index climbed 0.7%, with TSMC the biggest boost after the US announced an agreement for $11.6 billion in grants and loans to help the chipmaker build factories. Taiwan led gains across the region, with its benchmark index gaining as much as 1.9% to a record high. Stocks also advanced in Hong Kong, Japan and Australia.
- Hang Seng and Shanghai Comp. were varied with the Hong Kong benchmark lifted although the psychologically key 17,000 level continued to elude. Conversely, the mainland lagged after another tepid PBoC liquidity operation, while Premier Li recently noted uncertainty and complexity in the external environment are rising.
- Nikkei 225 continued to benefit from recent currency weakness with USD/JPY lying in wait for a retest of 152.00.
- ASX 200 was led by miners but with gains capped after weak consumer sentiment and a mixed business survey.
In FX, the Bloomberg dollar spot index is flat, while NOK and SEK outperform, and JPY and DKK lag G-10 FX. The yen hovered near a 34-year low and around the closely watched 152 level that many say will trigger Japanese authorities to act.
In rates, treasuries rise, paring some of Monday’s losses that saw 10-year yields climb to the highest since November. Bunds, gilts follow suit as yields across the curve drop; treasuries are richer across the curve by at least 2bp, tracking bigger gains in core European rates. Treasury 10-year yields around 4.39% are down by more than 3bp on the day, but trail bunds and gilts in the sector by ~1.5bp as curve spreads remain within about 1bp of Monday’s closing levels. Gilt and bund futures remain near best levels of the day after UK 20-year bond sale drew record demand from investors. Asia session flows included two 2s10s block flatteners for a combined $650k/DV01 in cash risk. US session highlights include $58 billion 3-year note auction, first of three coupon sales this week. Coupon auction cycle begins at 1pm New York time with $58b 3-year note; $39b 10-year note and $22b 30-year bond reopenings follow Wednesday and Thursday. WI 3-year yield at roughly 4.565% is ~31bp cheaper than last month’s, which stopped 1.3bp through on strong demand.
In commodities, oil traded near a five-month high as investors weighed simmering tensions in the Middle East and persistent supply concerns. Israel said progress has been made in negotiations for a cease-fire in Gaza, signaling a potential easing of hostilities, but Hamas denied the claim. WTI traded within Monday’s range, adding 0.5% to trade around $86; meanwhile base metals are mixed; LME aluminum falls 0.5% while LME tin gains 2%. Spot gold held a record high, rising roughly $20 to trade near $2,359/oz, and up more 17% since mid-February. Copper traded near a 15-month high as supply tightens and global manufacturing picks up.
Looking at today’s calendar, there is no US economic data or Fed speakers scheduled for the session
Market Snapshot
- S&P 500 futures little changed at 5,251.25
- STOXX Europe 600 down 0.2% to 507.93
- MXAP up 0.7% to 177.20
- MXAPJ up 0.6% to 541.29
- Nikkei up 1.1% to 39,773.13
- Topix up 1.0% to 2,754.69
- Hang Seng Index up 0.6% to 16,828.07
- Shanghai Composite little changed at 3,048.54
- Sensex little changed at 74,726.49
- Australia S&P/ASX 200 up 0.5% to 7,824.24
- Kospi down 0.5% to 2,705.16
- German 10Y yield little changed at 2.41%
- Euro little changed at $1.0854
- Brent Futures up 0.5% to $90.84/bbl
- Gold spot up 0.8% to $2,357.69
- US Dollar Index little changed at 104.17
Top Overnight News
- The Bank of Japan will maintain accommodative monetary conditions for now, Gov. Kazuo Ueda reiterated Tuesday, while not ruling out the possibility of further policy changes. “We will consider reducing a degree of monetary easing” if underlying inflation rises further, Ueda said in a parliamentary committee meeting. WSJ
- Joe Biden and Japan’s Fumio Kishida plan to form a council on defense industries and allow workers in Japan to perform more maintenance work on US Navy ships, according to a senior administration official. Defense will top the agenda at their meeting tomorrow. BBG
- Berkshire Hathaway plans to sell yen bonds, fueling speculation that Warren Buffett is weighing more investments in Japan. It mandated banks for a potential benchmark SEC-registered bond offering, a person familiar said. BBG
- UBS is in talks to attain full ownership of its China platform by swapping its holding in Credit Suisse’s onshore securities venture with a Beijing government investment fund, people familiar said. BBG
- European banks saw a “further substantial decline” in demand for business loans in Q1 according to a new ECB survey (“higher interest rates, as well as lower fixed investment for firms and lower consumer confidence for households, exerted dampening pressure on loan demand”). ECB
- Blackstone is close to a deal with L’Occitane owner Reinold Geiger to take the Hong-Kong listed company private, people familiar said. Blackstone may provide debt financing for the buyout. BBG
- AI models such as OpenAI’s ChatGPT “are just insatiable in terms of their thirst” for electricity, Arm’s CEO Reene Haas said. “The more information they gather, the smarter they are, but the more information they gather to get smarter, the more power it takes.” Without greater efficiency, “by the end of the decade, AI data centers could consume as much as 20% to 25% of U.S. power requirements. Today that’s probably 4% or less,” he said. “That’s hardly very sustainable, to be honest with you.” WSJ
- Former Federal Reserve Bank of St. Louis President James Bullard said he’s expecting three interest-rate cuts this year as inflation moves toward the central bank’s target while the economy remains resilient. “At this point, you should probably take the committee and chair at face value — their best guess right now is still three cuts this year,” Bullard said Tuesday in a Bloomberg TV interview with Haslinda Amin. “That’s the base case.” BBG
- The largest US banks are set to earn higher profits from their lending businesses than expected this year as it becomes more likely that the Federal Reserve will make only modest cuts to benchmark interest rates. FT
A more detailed look at global markets courtesy of Newsquawk
APAC stocks traded mostly higher but with price action relatively rangebound with global markets lacking any major catalysts ahead of upcoming risk events. ASX 200 was led by miners but with gains capped after weak consumer sentiment and a mixed business survey. Nikkei 225 continued to benefit from recent currency weakness with USD/JPY lying in wait for a retest of 152.00. Hang Seng and Shanghai Comp. were varied with the Hong Kong benchmark lifted although the psychologically key 17,000 level continued to elude. Conversely, the mainland lagged after another tepid PBoC liquidity operation, while Premier Li recently noted uncertainty and complexity in the external environment are rising.
Top Asian News
- HKMA said Hong Kong is considering deepening some of the Connect schemes between Hong Kong and Mainland China.
- BoJ Governor Ueda said Japan’s economy is showing some weakness but is recovering moderately and the chance of solid wage growth this year is heightening, while he added the BoJ expects accommodative monetary conditions to continue for the time being and it is important to maintain accommodative monetary conditions as trend inflation is yet to hit 2%. Ueda said if the economy and price developments proceed as projected now, they need to think about reducing the degree of monetary support but added whether this will happen will depend on upcoming data and there is no pre-set idea now on how and when they will adjust interest rate levels. Ueda added that even after March policy shift, expect interest rates to stay low and real interest rates to remain at deeply negative territory. Ueda reiterated that if FX moves have impact on economy and prices in a way that is hard to ignore, we will of course respond with monetary policy.
European bourses in the red, Stoxx 600 -0.2%, action is subdued across the board but with some mild divergence in catalysts thin trade. DAX 40 -0.6% the relatively underperformer pressured by heavyweights SAP & Daimler Trucks and despite support in Infineon from TSMC; defence names, including Germany’s Rheinmetall, pressured after commentary from GS on defence valuations and earlier geopolitical reports around necessary export licenses. Sectors more broadly do not have any overarching bias/theme, with relative outperformance in Basic Resources and Energy names echoing underlying benchmarks and helping the FTSE 100 +0.1% tread water. Stateside, futures near the unchanged mark (ES +0.1%, NQ +0.1%) with catalysts light thus far and the docket ahead sparse before Wednesday’s CPI & Minutes; Tesla -0.3% in focus after a fatal crash lawsuit settled and given the latest CPCA numbers.
Top European News
- Barclays said UK March consumer spending rose 1.9% vs prev. 1.9% increase in February and was the joint-smallest increase since September 2022, according to Reuters.
- EU Competition Chief Vestager is set to pitch a tougher, joint approach to tackling challenges posed by China as part of a speech in the US, via Politico. To say that the EU has accepted a mistake was made a decade ago by the failure to impose restrictions on China’s heavily state-subsidises solar panels. Decision from the EU investigation into Chinese subsidies is said to be picking up pace, decisions expected as soon as the summer; Vestager to say if the investigation finds China EV exports have been subsidised than the EU will impose restrictions.
- ECB Bank Lending Survey – Credit standards were broadly unchanged in the first quarter of 2024. Loan demand from firms declined substantially, contrary to bank expectations of a recovery; Corporate credit standards tightened in Q1 but eased for household mortgages; Banks are expecting a moderate net decrease in demand for loans to firms and a net increase in demand for loans to households in the second quarter of 2024 – click here for more.
- Russian Kremlin says there is no specific time frame for a visit by President Putin to China, but the visit of Foreign Minister Lavrov can be considered as preparation for high-level contacts of which there is a need for.
FX
- DXY steady for much of the morning and holding above 104.00; modest pressure came as BoJ sources via Bloomberg pulled USD/JPY away from the 151.93 base and by extension the YTD peak at 151.97 above with USD/JPY down to and holding around a 151.74 base.
- EUR slightly softer initially but has derived some modest support alongside GBP in the wake of the JPY-induced USD-pressure. Though, to be clear, action is contained overall with the magnitude of upside marginal.
- Cable saw a slight acceleration in gains after it surpassed the 50- & 100-DMAs of 1.2663 and 1.2668, to a 1.2685 peak.
- Antipodeans steady but have also benefited from the relative USD pressure in the second half of the European morning with participants looking ahead to the RBNZ which is expected to leave rates unchanged; AUD and NZD near highs of 0.6625 and 0.6055.
- BoJ is said to consider raising its inflation forecast following the “surprisingly strong” results from annual wage negotiations, according to Bloomberg sources; Core CPI is seen revised up from the current forecast of 2.4%. BoJ is likely to forecast price growth of around 2%. Officials also highlight that they need be aware of possible downside risks to inflation when making projections for fiscal 2026.
- PBoC set USD/CNY mid-point at 7.0956 vs exp. 7.2248 (prev. 7.0947).
Fixed Income
- Comparably contained start for USTs with the docket sparse, upside potentially via haven flows as geopols remains in focus. Overnight JGB auction was robust though a touch softer than the prior.
- USTs currently post gains of circa. 5 ticks with yields slightly lower but without a clear flattening/steepening bias thus far.
- EGBs & Gilts outperform, no real reaction to supply which was well received despite the lack of fresh concession into the auction while the latest ECB BLS spurred some modest upside in Bunds which are currently around the 132.29 peak; overall, while bid EGBs remain much closer to last week’s 131.87 base than the 133.43 peak.
- Gilts outperform, again no reaction to supply with the DMO back in the market on Wednesday. Possible upside from the latest Barclays data though the BRC numbers showed strong March figures, but these often slump ahead in the post-Easter period. Upside brings 99.00 back into play before Friday’s 99.15 peak and Thursday’s at 99.37 thereafter.
Commodities
- Crude benchmarks incrementally firmer but with action largely sideways in the European morning; WTI May resides in an USD 86.38-86.94/bbl range, while Brent June is within USD 90.38-90.90/bbl parameters.
- Complex remains focused on geopols after Israel pencilled in a date for the Rafah operation while BP expects Q1 upstream production higher Q/Q; EIA STEO due later.
- European and US gas benchmarks diverge with TTF lower while Henry Hub lifts but price action overall is uneventful and absent specific catalysts.
- UK, Germany, Belgium, Netherlands, Denmark and Norway signed a declaration to protect infrastructure in the North Sea.
- Azerbaijan oil production 481k BPD in March (prev. 476k BPD in February), according to the Energy Ministry.
- Morgan Stanley raises its Q3 Brent oil price forecast to USD 94/bbl to reflect geopolitical risks.
- Precious metals bid despite the relatively stable/modestly firmer USD for much of the morning with support coming from the lower yield environment and with haven flows potentially factoring; spot gold at a fresh USD 2365/oz ATH; base peers see a pullback in LME Copper after Monday’s marked strength while Dalian iron ore soared in APAC trade.
Geopolitics: Middle East
- Hamas said Israeli position during last round of negotiations in Cairo remains stubborn and did not meet any demands of Palestinians, while it is still studying Israel’s proposal and will inform mediators of its response, according to a statement.
- US Pentagon said Defense Secretary Austin expressed commitment to support an unconditional return of hostages and hopes for a cessation of hostilities through negotiations. Austin also expressed hope that the ongoing negotiations between Israel and Hamas will lead to a truce and he affirmed unwavering US support for defending Israel in light of threats from Iran and its network of proxies, according to Al Jazeera and Al Arabiya.
- US intelligence assesses that Iran has urged several of its proxy militia groups to simultaneously launch a large-scale attack against Israel, using drones and missiles, while they could attack as soon as this week, according to sources cited by CNN. Furthermore, sources familiar with US intelligence said an Iranian attack would likely be carried out by proxy forces in the region, rather than by Iran directly, and one of the sources noted the threat is very clear and credible with the pieces in place to conduct the attack and Iran are just waiting for the right time.
- Iraqi armed faction said they bombed a vital target in Ashkelon in southern Israel and another target in the past 72 hours, according to Al Arabiya.
- US military said it destroyed air defence and drone systems of Houthi forces in an area of the Red Sea, while there were no injuries or damage to US, coalition or commercial ships.
- “Israeli military says it has carried out raids on Syrian army military infrastructure in southern Syria”, according to Al Arabiya.
Geopolitics: Other
- EU Foreign Minister Borrell in a speech within Brussels says that “war is certainly looming all around us” and that a “high-intensity, conventional war in Europe is no longer a fantasy”, via FT.
- Australia’s PM Albanese said Japan is a natural candidate to cooperate on stage two of the AUKUS security pact but added there are no plans to expand AUKUS membership beyond Britain, Australia and the US. There were prior reports that China was ‘gravely concerned’ as Australia, US, UK confirmed that Japan was being considered for AUKUS.
- Chinese military newspaper said Japan is showing ‘obvious offensive characteristics’ with its new Okinawa missile unit, according to SCMP.
- The extraordinary session of the IAEA Board of Governors on the escalation of the situation at the Zaporizhzhia nuclear power plant may be convened Thursday, according to Russia’s Permanent Representative to International Organizations.
US Event Calendar
- 06:00: March Small Business Optimism 88.5, est. 89.9, prior 89.4
DB’s Henry Allen concludes the overnight wrap
Markets got the week off to a subdued start yesterday, with little in the way of fresh developments to drive any new moves. That should change later in the week, as we’ll get the US CPI report, the ECB’s policy decision, and the start of the Q1 earnings season. But for now at least, the main theme has been the continuation of last week’s trends, including more and more doubts about rate cuts this year, and growing fears about inflation. Indeed, the US 5yr inflation swap (+1.0bps) hit 2.57% by yesterday’s close, marking its highest level since October.
Those questions about rate cuts have been clear from market pricing. For instance, the probability of a cut by the Fed’s June meeting was down to just 52% by the close yesterday, where it remains this morning. That’s the lowest since October, back when the 10yr Treasury yield was trading near 5% and there was growing belief in the “higher for longer” narrative when it came to rates. In addition, the total number of cuts priced for 2024 also fell, with just 61.5bps of cuts priced by the Fed’s December meeting, down -3.3bps on the previous day. And it’s clear that trend is happening globally as well, with overnight index swaps taking the chance of an ECB cut by June down from 97% to 91%, and this morning that’s fallen further to 88%. Moreover, the ECB cuts priced by December came down -4.8bps to 84bps, with a further decline overnight to just 80.5bps, which is the fewest so far this year.
With investors pricing in in fewer rate cuts, that’s helped to drive a bond selloff on both sides of the Atlantic. I n the US, it saw the 2yr Treasury yield rise +3.9bps to 4.79%, while the 10yr yield was up +1.8bps to 4.42%, the highest closing levels of 2024 so far for both. At one point intraday, the 10yr yield even moved as high as 4.46%, before coming back down again into the close. Both the 10yr real yield and 10yr breakeven reached year-to-date highs. And over in Europe, there was a similar bond selloff, with yields on 10yr bunds (+3.7bps), OATs (+1.7bps) and BTPs (+1.1bps) all moving higher.
Looking forward, the focus is now on tomorrow’s US CPI report for March, but yesterday’s Fedspeak offered little guidance on the timing of any rate cuts. Chicago Fed President Goolsbee, who’s a more dovish member, noted that if rates stayed high, then “the unemployment rate is going to start going up”. Separately, Minneapolis Fed President Kashkari said that the labour was still tight, although his base case was that inflation would continue to fall.
Earlier in the day, we also had the New York Fed’s latest Survey of Consumer Expectations, but it showed a mixed picture on inflation expectations. The good news was that 5yr expectations fell by three-tenths to +2.6%, but 1yr expectations were constant at +3.0%, and the 3yr measure ticked up again to a four-month high of +2.9%. So no obvious headline on the inflation side. But there were some more negative trends on the labour market, which showed consumers were becoming distinctly less confident. For example, the mean probability of losing one’s job rose to 15.7%, which is the highest it’s been in three-and-a-half years. And the mean probability of finding another job in the next three months if their current job was lost fell to 51.2%, the lowest in almost three years.
When it came to equities, there were signs that the volatility at the end of last week was beginning to subside, with the S&P 500 (-0.04%) seeing little change and the VIX coming down by -0.8pts. Small-cap stocks were an outperformer, with the Russell 2000 up +0.50%. Energy stocks underperformed within the S&P 500 (-0.63%), as oil prices saw a moderate retreat from five-month highs at the end of last week (Brent crude -0.87% to $90.38/bbl). The Magnificent 7 saw a slight outperformance (+0.27%) thanks to a +4.90% gain for Tesla following news late last week that it plans to unveil a robotaxi in August.
Over in Europe, the STOXX 600 (+0.47%) posted its strongest start to a week since February, whilst there were solid gains for the DAX (+0.79%) and the CAC 40 (+0.72%) as well. That strength was evident among other risk assets too, and yesterday saw US HY spreads (-5bps) and EUR HY spreads (-4bps) both tighten. Meanwhile, with the Q1 earnings season coming up, our colleagues in Credit Strategy have sketched their expectations for EUR IG. Although spreads have already tightened a lot since the autumn, they believe earnings should still prove supportive for spreads. See their full report here.
Overnight in Asia, the subdued tone has continued, and there’s been a mixed performance for equities across the region. That includes gains for the Nikkei (+0.86%) and the Hang Seng (+0.55%), alongside modest declines for the KOSPI (-0.12%), the Shanghai Comp (-0.15%) and the CSI 300 (-0.25%). In the meantime, there’ve been fresh losses for Japanese sovereign bonds, and the 2yr yield (+1.2bps) is up to 0.23% this morning, marking its highest level since 2011. That comes amidst comments from BoJ Governor Ueda overnight, who said that he expects Japan’s price trend to increase toward the end of the BoJ’s projection period. Looking forward, US equity futures remain broadly flat, with those on the S&P 500 up just +0.06%. And for US Treasuries there’s been a slight recovery this morning, with the 10yr yield down -1.0bps to 4.41%.
Finally, it’s a quiet day ahead on the calendar, but we will get the ECB’s Bank Lending Survey, and in the US there’s the NFIB’s small business optimism index for March.
2 B) NOW NEWSQUAWK (EUROPE/REPORT)
Israel’s Netanyahu said a Rafah invasion in Gaza date has been set – Newsquawk Europe Market Open
TUESDAY, APR 09, 2024 – 01:29 AM
- APAC stocks traded mostly higher but with price action relatively rangebound with global markets lacking major catalysts.
- European equity futures indicate a lower open with the Euro Stoxx 50 future -0.2% after the cash market closed up 0.6% on Monday.
- FX markets are contained with DXY holding above the 104 mark, USD/JPY continues to eye the YTD peak and 152 level.
- Israeli Prime Minister Netanyahu said that a date has been set for a Rafah invasion in Gaza.
- Looking ahead, highlights include Supply from the UK, Germany & US.
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US TRADE
EQUITIES
- US stocks finished flat with price action calm before the potential storm as participants await key risk events including US CPI on Wednesday and with several central bank decisions from the ECB, BoC and RBNZ, while the FOMC Minutes are scheduled mid-week and earnings season also kick-starts later in the week. As such, the major indices were little changed although the Russell 2000 outperformed.
- SPX -0.04% at 5,202, NDX -0.05% at 18,100, DJIA -0.03% at 38,892, RUT +0.50% at 2,073.
- Click here for a detailed summary.
NOTABLE HEADLINES
- Fed’s Goolsbee (non-voter) said Fed’s lender of last resort system is functioning well and the economy was on a golden path in 2023, while he added the economy remains strong and jobs data confirms that.
- Fed’s Kashkari (non-voter) said can’t stop short in the inflation fight with inflation around 3% and need to get to 2%, while he added the base case is that inflation will continue to fall.
APAC TRADE
EQUITIES
- APAC stocks traded mostly higher but with price action relatively rangebound with global markets lacking any major catalysts ahead of upcoming risk events.
- ASX 200 was led by miners but with gains capped after weak consumer sentiment and a mixed business survey.
- Nikkei 225 continued to benefit from recent currency weakness with USD/JPY lying in wait for a retest of 152.00.
- Hang Seng and Shanghai Comp. were varied with the Hong Kong benchmark lifted although the psychologically key 17,000 level continued to elude. Conversely, the mainland lagged after another tepid PBoC liquidity operation, while Premier Li recently noted uncertainty and complexity in the external environment are rising.
- US equity futures price action was muted after the flat performance on Wall St as participants await key events.
- European equity futures indicate a lower open with the Euro Stoxx 50 future -0.2% after the cash market closed up 0.6% on Monday.
FX
- DXY lacked direction with trade quiet so far this week as markets await tomorrow’s US CPI and FOMC Minutes.
- EUR/USD sat above 1.0850 but with advances capped amid a lack of drivers and with the 100DMA nearby.
- GBP/USD was flat despite stronger BRC Retail Sales with price action restricted beneath the 50- and 100-DMAs.
- USD/JPY traded sideways and remained in proximity to make another attempt at the 152.00 level.
- Antipodeans were rangebound with slight outperformance in NZD ahead of tomorrow’s RBNZ meeting.
- PBoC set USD/CNY mid-point at 7.0956 vs exp. 7.2248 (prev. 7.0947).
FIXED INCOME
- 10-year UST futures eked slight gains ahead of key releases including US CPI and as supply looms.
- Bund futures marginally gained albeit with further upside limited as participants await a Bobl auction.
- 10-year JGB futures remained contained amid a lack of data releases and with headwinds from a weaker 5-year JGB auction.
COMMODITIES
- Crude futures were contained after yesterday’s indecisiveness and conflicting geopolitical reports.
- Mexico’s Pemex is reportedly planning to cut at least 330k BPD of crude exports in May, according to sources via Reuters.
- UK, Germany, Belgium, Netherlands, Denmark and Norway signed a declaration to protect infrastructure in the North Sea.
- Spot gold traded rangebound and briefly re-approached closer to the USD 2,350/oz level before stalling.
- Copper futures took a breather after Monday’s positive but choppy mood and with sentiment in China subdued.
CRYPTO
- Bitcoin was marginally lower as it continued to pull back after yesterday’s brief foray above the USD 72,000 level.
NOTABLE ASIA-PAC HEADLINES
- French Finance Minister Le Maire and China’s Commerce Minister agreed to set up an economic event to rebalance China-France relations, while China’s Commerce Minister said the Chinese probe on cognac and the EU probe on electric cars are not linked.
- HKMA said Hong Kong is considering deepening some of the Connect schemes between Hong Kong and Mainland China.
- BoJ Governor Ueda said Japan’s economy is showing some weakness but is recovering moderately and the chance of solid wage growth this year is heightening, while he added the BoJ expects accommodative monetary conditions to continue for the time being and it is important to maintain accommodative monetary conditions as trend inflation is yet to hit 2%. Ueda said if the economy and price developments proceed as projected now, they need to think about reducing the degree of monetary support but added whether this will happen will depend on upcoming data and there is no pre-set idea now on how and when they will adjust interest rate levels. Ueda added that even after March policy shift, expect interest rates to stay low and real interest rates to remain at deeply negative territory. Ueda reiterated that if FX moves have impact on economy and prices in a way that is hard to ignore, we will of course respond with monetary policy.
DATA RECAP
- Australian Westpac Consumer Sentiment Index (Apr) 82.4 (Prev. 84.4)
- Australian Westpac Consumer Sentiment M/M (Apr) -2.4% (Prev. -1.8%)
- Australian NAB Business Confidence (Mar) 1.0 (Prev. 0.0)
- Australian NAB Business Conditions (Mar) 9.0 (Prev. 10.0)
GEOPOLITICS
MIDDLE EAST
- Israeli Prime Minister Netanyahu said that a date has been set for a Rafah invasion in Gaza.
- US State Department said the US has not been briefed on a date for Israel’s Rafah invasion.
- Hamas rejected the latest Israeli ceasefire proposal, according to Hamas official Ali Baraka. Furthermore, Hamas said Israeli position during last round of negotiations in Cairo remains stubborn and did not meet any demands of Palestinians, while it is still studying Israel’s proposal and will inform mediators of its response, according to a statement.
- White House said CIA Director Burns was in Cairo over the weekend for hostage negotiations where a proposal was presented to Hamas and they are waiting on a response. Furthermore, it said there is no date set for new Rafah talks and that the Israelis assured them that there would be no major military operation in Rafah before holding a meeting about it to exchange ideas. White House also earlier commented that there were no indications of an imminent major ground operation in Rafah and that more than 300 trucks entered Gaza on Sunday which is progress.
- US Pentagon said Defense Secretary Austin expressed commitment to support an unconditional return of hostages and hopes for a cessation of hostilities through negotiations. Austin also expressed hope that the ongoing negotiations between Israel and Hamas will lead to a truce and he affirmed unwavering US support for defending Israel in light of threats from Iran and its network of proxies, according to Al Jazeera and Al Arabiya.
- US intelligence assesses that Iran has urged several of its proxy militia groups to simultaneously launch a large-scale attack against Israel, using drones and missiles, while they could attack as soon as this week, according to sources cited by CNN. Furthermore, sources familiar with US intelligence said an Iranian attack would likely be carried out by proxy forces in the region, rather than by Iran directly, and one of the sources noted the threat is very clear and credible with the pieces in place to conduct the attack and Iran are just waiting for the right time.
- Missiles have been launched from Syria towards the southern Golan Heights, according to Deir Ezzor 24’s Omar Abu Layla.
- Iraqi armed faction said they bombed a vital target in Ashkelon in southern Israel and another target in the past 72 hours, according to Al Arabiya.
- Turkey vowed to take measures against Israel over Gaza aid drops after Israel rejected a request from Turkey to airdrop aid into Gaza, according to Bloomberg.
- US military said it destroyed air defence and drone systems of Houthi forces in an area of the Red Sea, while there were no injuries or damage to US, coalition or commercial ships.
OTHER
- Russia’s ambassador to the IAEA posted on X that Russia has requested an extraordinary session of the IAEA’s board of governors on “recent attacks and provocations” of Ukraine on the Zaporizhzhia nuclear power plant.
- Australia’s PM Albanese said Japan is a natural candidate to cooperate on stage two of the AUKUS security pact but added there are no plans to expand AUKUS membership beyond Britain, Australia and the US. There were prior reports that China was ‘gravely concerned’ as Australia, US, UK confirmed that Japan was being considered for AUKUS.
- Chinese military newspaper said Japan is showing ‘obvious offensive characteristics’ with its new Okinawa missile unit, according to SCMP.
EU/UK
NOTABLE HEADLINES
- Barclays said UK March consumer spending rose 1.9% vs prev. 1.9% increase in February and was the joint-smallest increase since September 2022, according to Reuters.
DATA RECAP
- UK BRC Retail Sales YY (Mar) 3.2% (Prev. 1.0%)
- UK BRC Total Sales Y/Y (Mar) 3.5% (Prev. 1.1%)
3C ASIA AFFAIRS/
TUESDAY MORNING/MONDAY NIGHT
SHANGHAI CLOSED UP 1.49 PTS OR .05% //Hang Seng CLOSED UP 95.22 PTS OR .32% / Nikkei CLOSED UP 426.09 PTS OR 1.08% //Australia’s all ordinaries CLOSED UP 0.45%///Chinese yuan (ONSHORE) closed DOWN 7.2375 //OFFSHORE CHINESE YUAN CLOSED DOWN TO 7.2418 /Oil DOWN TO 85.82 dollars per barrel for WTI and BRENT DOWN AT 89.77/ Stocks in Europe OPENED ALL RED// ONSHORE YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING WEAKER AGAINST US DOLLAR/OFFSHORE YUAN WEAKER
2 d./NORTH KOREA/ SOUTH KOREA/
NORTH KOREA/SOUTH KOREA
END
2e) JAPAN
JAPAN
3 CHINA
Special thanks to Robert H for sending this to us;
CHINA/PHILIPPINES
WWIII could start over Philippines dispute in South China Sea, China ‘not respecting’ treaties, expert says
China has harassed the Philippines over disputed fishing shoals and territory in the South China Sea
Foxnews.com/world/wwiii-could-start-philippines-dispute-south-china-sea-china-not-respecting-treaties-expert-says
Beijing warned that World War III could break out in the South China Sea as it increasingly shifts its attention to the Philippines, with territorial disputes driving tensions ever higher.
“Although we have a mutual defense treaty with the Philippines, China is not respecting it,” Gordon Chang, a China expert and fellow at the Gatestone Institute, told Fox News Digital.
“It was twice last month, on the 5th and the 29th, that the State Department issued written warnings to China that we were prepared to use force to discharge our obligations pursuant to article four of the U.S. Philippines Mutual Defense Treaty,” Chang explained. “That’s a warning that we are prepared to go to war.”
First reported by MEMRI’s China Media Studies Project, the state-owned and -operated news outlet China Daily earlier this week published an op-ed titled “Manila must be warned against horrors of war” by Yang Xiao, deputy director of the Institute of Maritime Strategy Studies at the China Institutes of Contemporary International Relations.
CHINA SENDS WARPLANES, BOATS AROUND TAIWAN FOLLOWING PHONE CALL BETWEEN XI AND BIDEN
Yang, a frequently featured expert in a range of China Daily articles, drew connections between the current tensions between China and the Philippines and tensions in Pre-World War I Europe.
Filipino soldiers take part in a flag raising ceremony on Mavulis Island during a trip of the chief of staff of the Armed Forces of the Philippines, in Batanes, Philippines, June 29, 2023. Batanes, a group of idyllic islands at the country’s northernmost tip, lies just 140 kilometers from Taiwan. (Ezra Acayan/Pool via Reuters/File Photo)
The article notes at the bottom that “the views don’t necessarily reflect those of China Daily,” but Yang engages in an inflammatory discussion of history and current tensions, referring to the “Sarajevo gunshot” after warning against Philippine politicians’ “flirtation with the U.S. in the hope of gaining the upper hand in the maritime dispute with China.”
“The lessons of World War I should be heeded, especially by small states, because triggering a conflict will serve no country’s interest,” Yang wrote.
President Xi Jinping reviews the honor guard during a welcome ceremony at The Great Hall of the People on Nov. 22, 2023, in Beijing, China. (Florence Lo – Pool/Getty Images)
Later in the piece, Yang wrote that American “decision-makers” should realize that “the U.S.’s military intervention on behalf of the Philippines would also be disastrous for neighboring countries. The South China Sea has been a sea of peace and cooperation.”
INDONESIAN PRESIDENT-ELECT MEETS WITH JAPAN’S PRIME MINISTER, COMMITS TO STRENGTHENING RELATIONS
“Only a handful of leaders in the Philippines, ignoring the increasing challenges, such as rising prices, at home, are stirring up the extreme sentiments of the people by feeding them anti-China rhetoric,” Yang wrote. “What they don’t realize is that once the “Sarajevo gunshot” is fired in Asia, the innocent people in East and Southeast Asian countries will become the biggest victims of war.”
In this screen grab from video provided by the Armed Forces of the Philippines, a Chinese coast guard ship uses water cannons and closely maneuvers beside a Philippine resupply vessel Unaizah May 4 as it approaches Second Thomas Shoal, locally called Ayungin shoal, at the disputed South China Sea on March 23, 2024. (Armed Forces of the Philippines via AP)
China has most recently hassled the Philippines over disputed fishing shoals, with Chinese coast guards trying to chase Filipino fishermen away and leading to tense standoffs between the two.
Last year saw a series of near-clashes between the two coast guards near the Second Thomas Shoal. The Philippine authorities protested China’s use of a water cannon and military-grade lasers.
A Chinese coast guard ship approaches a Philippine coast guard ship, foreground, causing a minor collision, in the vicinity of Second Thomas Shoal on March 5, 2024. (Philippine Coast Guard via AP)
China established a claim to the Scarborough Shoal in 2012, after which the Philippines formally launched a protest that went before a United Nations-backed tribunal. A 2016 ruling went against China, rejecting Beijing’s claims on “historical grounds,” but Beijing rejected the arbitration and its outcome.
NORTH KOREA LAUNHCES BALLISTIC MISSILE OFF ITS EAST COAST: OFFICIALS
The U.S., Japan, Australia and the Philippines on Apr. 7 will conduct the first full-scale joint naval exercise between the nations in the disputed territories to demonstrate fleet interoperability and provide a show of strength for China. The nations will then hold a summit in which they are expected to announce plans for joint patrols in the area later this year, according to Politico.
A Chinese militia vessel, top, near Philippine coast guard vessel BRP Cabra as they approach Second Thomas Shoal, locally called Ayungin Shoal, in the disputed South China Sea on Oct. 22, 2023. (Armed Forces of the Philippines via AP)
Chang argued that this kind of scattershot approach to stirring up tensions with neighboring countries is unsurprising as China “is probing its neighbors, especially Japan, Taiwan and the Philippines, and it shifts its attention, all the time.”
“China ramped up pressure on the Philippines and then pressure … sort of died down in the last couple of days, and now they’re ramping up pressure on Taiwan,” Chang said. “And while all of this is going on, we’ve now had more than 100 continuous days of Chinese vessels intruding into Japan’s waters in the East China Sea around the senkakus.”
Suspected Chinese militia ships stay near the Philippine-claimed reef called Whitsun, locally known as Julian Felipe reef, at the disputed South China Sea on Dec. 2, 2023. The Philippine Coast Guard said on Dec. 3 that they have monitored more than a hundred suspected Chinese militia ships have gathered around the reef near Palawan province, Philippines. (Philippine Coast Guard via AP)
“So, really what they’re doing is they are pressuring, and then they’ll let up, and they’ll go someplace else and pressure at that place,” he explained.
Chang stressed, though, that the Philippines remain “the weakest militarily” of those three targets, despite the agreement of mutual defense with the United States.
“Biden himself, on October 25th issued a warning from the steps of the White House when the Australian prime minister was visiting him that the United States was prepared to use force, so the Chinese just don’t believe Biden at all,” Chang argued.
END
CHINA/USA
China just laughs at our mighty little midget;
(ZEROHEDGE)
‘Foreign Interference’: China Hits Back At Yellen While Welcoming Russia’s Lavrov To Beijing
TUESDAY, APR 09, 2024 – 10:45 AM
US Treasury Secretary Janet Yellen at the end of her four day trip to China chose to deliver a stark warning on an ultra-sensitive topic in US-China relations. She warned against any actions of Beijing to bolster Russia’s military capacity by supplying ammunition or weaponry amid Moscow’s ongoing war in Ukraine, following an initial weekend announcement from US Treasury.
“I stressed that companies, including those in the PRC, must not provide material support for Russia’s war, and that they will face significant consequences if they do,” Yellen said ahead of a press conference at the US ambassador’s residence in the Chinese capital, near the close of her tour.
“Any banks that facilitate significant transactions that channel military or dual-use goods to Russia’s defense industrial base expose themselves to the risk of US sanctions,” she warned.
The timing of the warning was also interesting given Russian Foreign Minister Sergey Lavrov had arrived in Beijing on the same day for the start of a two-day visit.
Bloomberg has cited US officials to say that Chinese companies are “supplying microelectronics and machine tools to Russia to produce tanks, as well as optics and propellants for use in missiles.” Beijing has batted down these reports and allegations of US officials has but more “foreign interference” from Washington.
Chinese Foreign Ministry spokesperson Mao Ning responded to Yellen on Monday, telling a press conference, “China-Russia relations should not be attacked or smeared, and the legitimate rights and interests of China and Chinese companies should not be harmed.”
Mao continued, “China will take resolute measures to safeguard our legitimate rights and interests,” and added: “The normal cooperation between China and Russia should not be subject to foreign interference or restriction.”
The foreign ministry further repeated Beijing’s longtime stance on the Russia-Ukraine war, saying it is “committed to playing a constructive role in promoting ceasefire and political settlement of the crisis” between the two sides.
Russian and Chinese officials have repeatedly denied claims that Russia’s military has purchased ammunition and ‘dual use’ technology from China. This has been a Washington allegation and talking point since near the beginning of the more than two year-long conflict.
In Ukraine, the Zelensky government has of late signaled a desire to see China deeply involved in efforts to resolve the war through a ’10-point peace plan’. This plan floated by Zelensky is seen as unrealistic from Moscow’s perspective, given it requires all Russian troops to leave Ukraine territory, which would be relinquished to Kiev. For this reason, China has not warmed to Zelensky’s efforts, given especially some key conditions are simply a non-starter for Moscow.
As for Yellen’s China trip, which attracted considerable interest in Western media, she earlier touted a desire for the US to “pursue a healthy economic relationship with China” but at the same time criticized Chinese industries for oversubsidizing to the point that manufacturers are churning out more goods for export “than the global market can bear.”
Upon Lavrov’s arrival in Beijing, the Russian top diplomat immediately delivered a warm message from President Vladimir Putin to Chinese leader Xi Jinping, saying, “I am glad and honored to convey to you the warmest greetings from Russian President Vladimir Putin. He highly valued your congratulatory address, which you issued following the presidential election held this March.”
4.EUROPEAN AFFAIRS//UK /SCANDINAVIAN AFFAIRS
END
5. RUSSIA AND MIDDLE EASTERN AFFAIRS.
ISRAEL HAMAS/
Hamas says Israeli proposal failed to meet Palestinian demands, yet it is under review
Senior Hamas official Ali Baraka told Reuters: “We reject the latest Israeli proposals that the Egyptian side informed us of. The politburo met today and decided this.
By REUTERSAPRIL 9, 2024 04:11Updated: APRIL 9, 2024 05:31
Hamas said early on Tuesday Israel’s proposal that it received from Qatari and Egyptian mediators did not meet any of the demands of Palestinian factions.
However, the group added in a statement it would study the proposal, which it described as “intransigent”, and deliver its response to the mediators.
A Hamas official told Reuters on Monday that the group has rejected the Israeli ceasefire proposal made at talks in Cairo, and Israeli Prime Minister Benjamin Netanyahu said a date was set for an invasion of Rafah, Gaza’s last refuge for displaced Palestinians.
Israel and Hamas sent teams to Egypt on Sunday for talks that included Qatari and Egyptian mediators as well as CIA Director William Burns.
Burn’s presence underlined rising pressure from Israel’s main ally the US for a deal that would free Israeli hostages held in Gaza and get aid to Palestinian civilians left destitute by six months of conflict.
But senior Hamas official Ali Baraka told Reuters: “We reject the latest Israeli proposals that the Egyptian side informed us of. The politburo met today and decided this.”
Another Hamas official had earlier told Reuters that no progress had been made in the negotiations.
“There is no change in the position of the occupation (Israel) and therefore, there is nothing new in the Cairo talks,” the Hamas official, who asked not to be identified, told Reuters. “There is no progress yet.”
Israel said it was keen to reach a prisoners-for-hostages deal, by which it would free a number of Palestinians jailed in its prisons in return for the hostages in Gaza, but it wasn’t ready to end the military offensive before it invaded Rafah.
Hamas wants any agreement to secure an end to Israeli military offensive, get Israeli forces out of Gaza and allow the displaced to return to their homes across the enclave.
Operations in Rafah
Rafah is the last refuge for Palestinian civilians displaced by relentless Israeli bombardments that have flattened their home neighborhoods. It is also the last significant redoubt of Hamas combat units, Israel says.
More than one million people are crammed into the southern city in desperate conditions, short of food, water and shelter, and foreign governments and organizations have urged Israel against storming Rafah for fears of a bloodbath.
“We are constantly working to achieve our goals, first and foremost the release of all our hostages and achieving a complete victory over Hamas,” Netanyahu said.
“This victory requires entry into Rafah and the elimination of the terrorist battalions there. It will happen – there is a date.” He did not specify the date.
Of the 253 people Hamas seized on Oct. 7, 133 hostages remain captive. Negotiators have spoken of around 40 going free in the first stage of a prospective deal.
END
/ISRAEL /HAMAS
Hamas says it won’t compromise on key demands as US leans into hostage talks
Qatar insists there is reason for optimism, but sources tell Times of Israel serious gaps remain; Israel’s security cabinet to discuss potential deal Tuesday
By TOI STAFF, AGENCIES and LAZAR BERMAN FOLLOW
8 April 2024, 11:56 pm
In Tel Aviv, a woman walks past photographs of Israelis held hostage by Hamas terrorists in Gaza, on April 8, 2024. (Miriam Alster/ FLASH90)
Amid intensive US efforts to achieve a deal for the release of hostages in Gaza in exchange for a truce, both Israeli and Palestinian officials tempered optimism on Monday around progress in Cairo talks.
The deal under discussion would provide for the release of some 40 Israeli captives held in the Gaza Strip in return for a temporary truce and the release of hundreds of Palestinian security prisoners, including some convicted of deadly attacks.
In separate interviews, several Hamas officials offered varying comments regarding the state of the talks, ranging from rejection of the latest proposal to assertions that the terror group was still studying Israel’s latest offer. However, none of those speaking are believed to be among the handful of Hamas leaders actually involved in decision making.
One Hamas official speaking on condition of anonymity to Reuters said negotiations have been at a deadlock due to Israel’s refusal to agree to a permanent ceasefire, the withdrawal of its forces from Gaza, the unrestricted return of all Palestinians to the northern Strip and the lifting of a 17-year-old blockade to allow speedy reconstruction of the coastal enclave.
These steps took precedence over Israel’s prime demand for a release of hostages in exchange for Palestinians held in Israeli prisons, said this official. “Regarding the exchange of prisoners, Hamas was and is willing to be more flexible, but there is no flexibility over our… main demands,” he said.
Early Tuesday morning, the terror group issued a statement confirming that it had received Israel’s latest proposal through Qatari and Egyptian brokers. It called the offer “intransigent,” claiming it did not meet any of its demands. Nonetheless, it said it would study it further before delivering a response to the mediators.
File – CIA chief William Burns, Egyptian intel chief Abbas Kamel, Mossad chief David Barnea and Qatari Prime Minister Mohammed bin Abdulrahman Al-Thani. (Collage/AP/AFP)
Israel has repeatedly rejected Hamas’s call for an end to the war as a condition for a hostage deal, calling it “delusional.”
As for the Israelis, an official in Jerusalem told The Times of Israel that significant gaps remain between the sides.
Hamas has not issued a list of the prisoners it wants released, and Israel has not sent a list of who it is willing to let go in a potential deal, the Israeli official said, claiming that Hamas leader Yahya Sinwar feels he currently has the upper hand.
The latest discussions have been focused on reaching a compromise regarding the return of Palestinians to northern Gaza after they were displaced during the early months of the war that began in that part of the Strip.
The Kan public broadcaster reported that IDF forces would remain 500 yards from approved routes to the north, instead of more directly inspecting each returning civilian.
The US is applying significant pressure on Qatar to push Hamas toward accepting a deal, according to Hebrew media reports. Israel feels Qatar has not leaned hard enough on Hamas and sees Egypt as the preferred mediator, the Israeli official said.
It is believed that 129 hostages are still held in Gaza of the 253 abducted on October 7, when thousands of Hamas-led terrorists burst across the border into Israel, killing some 1,200 people, mostly civilians, and committing wholesale atrocities including sexual assault.
For his part, White House National Security Council spokesperson John Kirby said Monday that negotiators were still waiting for Hamas to respond to the latest proposal brokered over the weekend in Cairo,
Kirby confirmed that CIA chief William Burns was in Cairo leading the US negotiating team in the talks, which are also being brokered by Qatar and Egypt.
“We are waiting for Hamas leader Yahya Sinwar’s response. It could take a few days,” Kirby said.
People visit Hostages Square in Tel Aviv on April 7, 2024, six months after Hamas’s October 7 massacre, which saw terrorists kill some 1,200 people and seize 253 hostages – 129 of whom are still held hostage in Gaza. (Miriam Alster/ FLASH90)
Speaking to the Qatari-owned Al-Araby Al-Jadeed news outlet, Egyptian sources said the proposal does not include a commitment to a permanent ceasefire.
Netanyahu on Monday said a date has been set for an offensive into the southern city of Rafah, the last Hamas stronghold in Gaza, in a statement that could also be construed as an attempt to apply pressure on Hamas to temper its demands.
Palestinians walk through the destruction left by the Israeli air and ground offensive after they withdrew from Khan Younis, southern Gaza Strip, April 7, 2024. (AP Photo/Ismael Abu Dayyah)
Negotiators are also reviewing the option of observing an initial three-day truce, with no other obligations, over the three-day Eid al-Fitr holiday, which marks the end of Ramadan later this week.
The Axios website also reported that 40 hostages would be freed in the deal, citing three unnamed Israeli officials.
According to that report, Israel would release 700 Palestinian security prisoners, including more than 100 who are serving life for attacks that killed Israelis.
The officials said that Hamas has been told to provide a list of 40 living hostages that it will release in the deal, and to compromise on the number and identity of Palestinian prisoners it wants in return.
Israel, for its part, would have to compromise in allowing the return of displaced Palestinians to northern Gaza. The movement of Gazans back to the north has become one of the key elements of negotiations, with both sides previously digging in on their respective stances.
Israeli soldiers seen on the border with the Gaza Strip on April 7, 2024. (Chaim Goldberg/Flash90)
Hamas is demanding that Israel withdraw its forces from a land corridor connecting the northern and southern regions of Gaza to enable movement between the two, Axios reported.
Israel was said to insist that soldiers remain at the so-called Netzarim Corridor, which crosses Gaza from the Be’eri area in southern Israel to the Strip’s coast, and that those passing through undergo inspection to ensure they are not Hamas members.
One of the Israeli officials told Axios that Jerusalem had also agreed to another compromise related to the return of displaced Palestinians, without giving further details.
Israel’s security cabinet is set to meet on Tuesday night to discuss the latest proposal.
Channel 12 reported that Hamas claims it would not be able to free 40 hostages who are women, children, elderly or sick. The report noted that Hamas made the same claim during talks that produced a November week-long truce that included the release of more than 100 hostages.
Channel 12 also reported, without citing sources, that there is criticism within the IDF of the emerging deal, as the recent withdrawal from the city of Khan Younis and an increase in aid deliveries will take pressure off Hamas, to the advantage of Sinwar.
The Kan public broadcaster also cited unnamed Israeli officials as lamenting that the terror group is making gains on its demands for an Israeli withdrawal from Gaza, along with more aid deliveries, but without yet providing Israel anything in return.
Palestinians walk past a building destroyed by Israeli air strikes, in the city of Rafah in the southern Gaza Strip, on April 6, 2024. (Abed Rahim Khatib/Flash90)
Channel 13 cited a senior Israeli official as saying that the US proposal includes Hamas providing a full list of living hostages.
A total of 105 civilians were released from Hamas captivity during a weeklong truce in late November, and four hostages were released prior to that. Three hostages have been rescued by troops alive, and the bodies of 12 hostages have also been recovered, including three mistakenly killed by the military.
The IDF has confirmed the deaths of 34 of those still held by Hamas, citing intelligence and findings obtained by troops operating in Gaza. One more person has been listed as missing since October 7, and their fate is still unknown.
END
ISRAEL/SYRIA
IDF identifies rocket fire from Syria, strikes terror infrastructure and source of launch
By JERUSALEM POST STAFFAPRIL 9, 2024 09:33
The IDF identified one rocket launch from Syria fired toward the area of Yonatan in the Golan Heights and returned fire, striking the source of the launch on Monday night, the IDF announced on Tuesday.
No injuries or casualties were reported in the attack.
IAF fighter jets later, early Tuesday morning, struck terror infrastructure belonging to the Syrian military in the vicinity of the town of Mahajjah in southern Syria, as well as struck another Syrian military post.
END
ISRAEL//GAZA/
IDF airstrike takes out head of Hamas Emergency Bureau in central Gaza
The terrorist, Hatem Alramery, was killed in a strike with intel provided by the Israeli Military Intelligence Directorate.
By JERUSALEM POST STAFFAPRIL 9, 2024 08:56Updated: APRIL 9, 2024 10:12
IAF fighter jets eliminated the chair of Hamas’s Emergency Bureau in the Central Camps in Gaza on Monday night, the IDF announced on Tuesday.
The terrorist, Hatem Alramery, was killed in a strike with intel provided by the Israeli Military Intelligence Directorate.
Alramery served as an operative in the al-Qassam Brigades, working on projectile launches within the Maghazi Battalion of the Central Camps.
Israeli forces also eliminated a terrorist, also in central Gaza, who directly participated in the October 7 massacre in the Khan Yunis area.
IDF’s Nahal Brigade’s combat team eliminated a number of terrorists in short-range battles using aircraft and sniper fire. The IAF also destroyed military buildings used by Hamas, which included locations of rocket launching positions.
An underground shaft was also struck, where launchers were detected and fired towards the Re’im kibbutz on Sunday.
Other activities in Gaza
Hamas said on Tuesday that Israel’s proposal received from Qatari and Egyptian mediators did not meet any of the demands of Palestinian factions.
An official from the terrorist organization told Reuters on Monday that the group rejected the ceasefire proposal by Israel that was made at talks in Cairo. However, other officials from the group stated that the proposal is still under review.
Prime Minister Benjamin Netanyahu said that a date was set for the Israeli incursion into Rafah.
END
//ISRAEL//GAZANS
Gazans return to devastated Khan Younis as Israeli troops pull back
Residents find large parts of the city reduced to rubble after months of fighting between Israeli troops and terror operatives the IDF says were embedded in residential areas
By AFP and TOI STAFF8 April 2024, 12:52 am
Men walk with an animal-drawn cart carrying salvaged wood from debris and trees past destroyed buildings in the southern Gaza city of Khan Younis on April 7, 2024. (AFP)
Residents of the southern Gazan city of Khan Younis began returning to the city Sunday as Israel announced that its troops were pulling out after months of intense fighting there, finding a devastated landscape of bombed-out homes and rubble-strewn streets.
“It smells like death,” said Maha Thaer, a mother of four, as she returned to the city on Sunday. “We don’t have a city anymore — only rubble. There is absolutely nothing left. I could not stop myself crying as I walked through the streets.”
“All the streets have been bulldozed. And the smell… I watched people digging and bringing out the bodies,” said Thaer, 38, whose home was partially destroyed.
Nearly 400,000 people lived in Khan Younis and its environs before October 7. Much of the area is now in ruins after months of bombardment and heavy fighting between Israeli troops and fighters from Palestinian terror groups.
A straggle of men and boys riding donkey carts, bicycles, and the odd pickup truck headed north out of Rafah in the far south of the Gaza Strip, where more than 1.5 million Palestinians have taken refuge from air strikes and fighting on the ground.
They passed the burned-out shell of the Al-Salam hospital, with almost all of the buildings around it razed to the ground.
People walk near the ravaged building of al-Salam hospital in the southern Gaza Strip city of Khan Younis on April 7, 2024. (AFP)
Thaer, from the upmarket Hamad Town residential complex in the west of Khan Younis, said she was “very shocked and sad” at the state of her home.
“There were no walls or windows. Most of the towers were completely blown up,” she said.
Troops spent 10 days going from building to building in the vast project where the Israeli military said the Hamas terror group had built up infrastructure, capturing some 300 terror suspects, killing around 100 gunmen and uncovering multiple weapons caches, including the gun of a brigade commander killed on October 7.
A displaced Palestinian man along with his belongings sits on a donkey cart amid the rubble of houses destroyed by Israeli bombardment in Hamad Town, in Khan Younis in the southern Gaza Strip on March 14, 2024. (AFP)
The Israel Defense Forces maintains that Hamas, which rules the Strip, purposely situated military assets within residential areas and is therefore to blame for the high level of destruction in the crowded enclave.
Thaer said she would move back into her badly damaged apartment, “even though it is not suitable for living, but it is better than tents.”
Her neighbors suffered a greater misfortune. “They found their homes destroyed and they don’t know where they will go,” she said.
Other Gazans carried a mattress on their heads in the hope they would still have four walls to put it in.
People walk past destroyed buildings along a road in the southern Gaza Strip city of Khan Younis on April 7, 2024. (AFP)
One of those who left Rafah on Sunday climbed on the top of a heap of rubble in Khan Younis which once had been a home.
With everything around him in ruins, AFP photographs showed the man standing among smashed concrete and corrugated iron roofing.
Not a single structure within sight appeared untouched by the war.
While some photos showed large swathes of the city flattened, other pictures showed evidence of efforts to avoid damaging critical infrastructure.
Men walk past an intact water pumping station in the midst of devastation in Khan Yunis on April 7, 2024. a UN school can be seen in the background. (MOHAMMED ABED / AFP)
One picture showed a water-pumping facility seemingly unharmed amid the rubble. In the background could be seen a UN school, used to shelter displaced Gazans, which appeared to have been largely spared.
The Israeli army told AFP that it had pulled its 98th division of ground troops out of the southern city on Sunday to “recuperate,” with one official telling the Israeli media it had killed thousands of Hamas terrorists there.
“There’s no need for us to remain… We did everything we could there,” an army official told Haaretz newspaper.
A man stands by the rubble of a destroyed building in Khan Yunis on April 7, 2024. (AFP)
The Israel-Hamas war erupted with Palestinian terror group Hamas carrying out an unprecedented attack against Israel on October 7, killing some 1,200 people and taking another 253 hostages, some half of whom are still held.
Since the start of the war, more than 33,000 Palestinians have been killed, according to the Hamas-run Gaza health ministry. These figures can not be verified and do not differentiate between civilians and combatants. Israel says it has killed more than 13,000 gunmen in Gaza and another 1,000 terrorists inside Israel on October 7. Some 250 IDF soldiers have been killed in Gaza.
END
/ISRAEL//HOUTHIS
END
ISRAEL GAZA//USA
It is a huge betrayal!
WSJ: Denying weapons to Israel in the middle of a war is betrayal
“Denying weapons to an ally in the middle of a war is the definition of betrayal,” the newspaper’s editorial board wrote, labeling Pelosi a “sunshine ally.”
By JERUSALEM POST STAFFAPRIL 9, 2024 20:27Updated: APRIL 9, 2024 20:48
The Wall Street Journal (WSJ) editorial board slammed former House Speaker Nancy Pelosi and other Democrats in an editorial on Tuesday for their signing of a letter urging President Joe Biden to stop the transfer of weapons to Israel.
“Denying weapons to an ally in the middle of a war is the definition of betrayal,” the newspaper’s editorial board wrote, labeling Pelosi a “sunshine ally.”
The letter was signed by dozens of Democrats after Israel mistakenly killed seven World Central Kitchen aid workers last week.
American hypocrisy?
In the editorial, the WSJ noted that the US was holding Israel to a standard that it, itself, had failed to meet.
“They ignore the Hellfire missile attack that killed seven children as the US sought to avenge the deaths of 13 Americans in Kabul as Mr. Biden pulled US forces from Afghanistan in 2021,” the editorial said, adding that, unlike the US in that instance, “Israel has a history of accountability for such mistakes.”
END
IRAN/UKRAINE/RUSSIA/USA
US Sent Seized Iranian Weapons, Ammo To Ukraine As Resupply Efforts Hit Desperation
TUESDAY, APR 09, 2024 – 02:45 PM
The Pentagon announced Tuesday it has delivered thousands of small arms previously seized from a shipment intended for Yemen’s Houthi rebels, along with over half a million rounds of ammunition.
The US believes the seized arms were supplied by Iran, and recent years have seen an untick in these ‘illegal’ shipments from Tehran to the Houthis via regional waters. US Central Command had said the arms were delivered to Ukraine forces last week, coming amid reported severe ammo and weapons shortages along the front lines with Russia.
“The US government transferred over 5,000 AK-47s, machine guns, sniper rifles, RPG-7s and over 500,000 rounds of 7.62mm ammunition to the Ukrainian armed forces” on Thursday, CENTCOM announced on social media.
“These weapons will help Ukraine defend against Russia’s invasion” and are enough material to equip a brigade, the statement touted further.
CENTCOM described that it was the result of several ship seizures running between May 2021 and February 2023 from “stateless vessels”. The Pentagon says Iran’s elite Islamic Revolutionary Guard Corps (IRGC) was ultimately behind the shipments.
“Iran’s support for armed groups threatens international and regional security, our forces, diplomatic personnel, and citizens in the region, as well as those of our partners. We will continue to do whatever we can to shed light on and stop Iran’s destabilizing activities,” CENTCOM added.
Starting months ago, the Pentagon began warning that it is running out of weapons for Ukraine, having just “months” left in approved supplies, at a sensitive moment that support from among the Western allies in general is waning, and as Biden’s desired $60 billion more in defense aid for Kiev has remained blocked by House Republicans.
Such intercepts such as the below from last year have been somewhat routine off Yemen’s southern coast…
US forces intercept second boat carrying Iranian weapon supplies for Houthi rebels https://shephardmedia.com/news/naval-warfare/us-forces-intercepted-a-second-boat-with-iranian-weapon-supplies-for-houthi-rebels/?utm_source=rss-twitter&utm_medium=Sendible&utm_campaign=RSS…
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Some European allies, such as the French, have also announced their own Iranian weapons seizures of late. The majority of these were believed bound for Yemen’s Houthi rebels, the Shia allies of Iran which have effectively closed the Red Sea to international shipping through weekly drone and missile attacks.
The Pentagon’s seized arms for Ukraine program has been up and running since at least October, at which point the US said it was in possession of one million rounds of Iranian ammunition, which are bound for Ukraine.
END
6.Global Issues//COVID ISSUES
| Neil Alho | 12:05 PM (37 minutes ago) |  | |
| to bcc: me | |||
Dr Makis is an Alberta physician who is speaking out strongly against the jab. Here is a post I received this morning regarding children – who have had the jab but we’re at literally zero risk for infection.
Children & mRNA – 7 year old Brazilian boy died after 1st Pfizer COVID-19 mRNA Vaccine – his little heart destroyed with inflammation & clots (published Feb.13, 2024). I write to Alberta Premier.
| DR. WILLIAM MAKIS MDAPR 9∙Paid |
Children continue to be killed by COVID-19 mRNA Vaccines.
A new paper from Brazil documents the youngest Pfizer mRNA Vaccine myocarditis death yet, a 7 year old boy.
I have written a letter to Alberta Premier Danielle Smith, urging her to immediately halt COVID-19 Vaccines in children of all ages.
Summary:
A 7 year old Brazilian boy had a Pfizer COVID-19 mRNA Vaccine. 3 days later he had muscle pain and 7 days later he presented with arthritis in his right ankle.
He was diagnosed with septic arthritis and sent home with antibiotics.
He presented again 10 days after jab with persistent symptoms and was sent home again with a new antibiotic regimen.
He presented again 3 weeks after jab with joint pain and difficulty walking, and was hospitalized and put on IV antibiotics, but 9 days into hospitalization, he developed gastrointestinal bleeding, deteriorated rapidly, had to be intubated, developed lung consolidations and died.
Autopsy showed myocarditis, pericarditis, and “disseminated vascular thromboembolism” (disseminated blood clots).
This is the youngest case published to date, with autopsy proven COVID-19 mRNA Vaccine damage leading to death.
Notice however, that although his heart was destroyed by the Pfizer vaccine, he didn’t present with cardiac symptoms.
Mar.26, 2024 – Strongville, OH – 4 year old Maisie Rowan “Pockets” Schmidt died unexpectedly on March 26, 2024. When her grandmother was asked if she had COVID-19 Vaccines, she responded “she had all her shots”.
- 4 year old Maisie had “symptoms from a common cold…took a turn for the worse”
- “she came down with a stuffy nose and cough last week”
- “she suffered a stroke…part of her brain was so swollen it had to be removed to save her life”
- “Did she ever get the COVID shot?”, “she had all her shots” (according to her grandma)
======
Hundreds of children have died after taking COVID-19 mRNA Vaccines but the authorities are engaging in criminal conduct covering up these deaths:
======
Jan.13, 2022 – Groton, MA – 7 year old Cassidy Patrice Baracka received a COVID-19 Vaccine on Jan.13, 2022. She had severe reactions to the mRNA jab and died suddenly 4.5 days later on Jan.18, 2022. The medical examiner, Steve Schwarz, allegedly committed fraud on her death certificate and blamed COVID-19 instead.
- The death certificate makes no mention of COVID-19 Vaccine taken 4 days prior to death – those are multiple federal felonies that the medical examiner, Steve Schwarz, committed on her death certificate.
- This was referred to the Massachusetts Attorney General for “criminal investigation.”
- This information was presented by John Beaudoin to the New Hampshire Senate Health and Human Services on January 10, 2024.
======
The types of unexpected child deaths that require proper investigation, starting with COVID-19 Vaccine status:
======
Feb.24, 2024 – St. Marys, PA – 9 year old Hannah Rose Pistner suffered an “unexpected medical emergency” at school on Feb.23, 2024 & died next day from a cerebellum brain bleed. Her COVID-19 mRNA Vaccine status is key, as spike protein destroys blood vessels and causes bleeds.
Feb.12, 2024 – Australia – 8 year old Zali Breitkreutz died suddenly in her sleep on Feb.12, 2024 after complaining about a headache. “Suffered a brain bleed”. COVID-19 mRNA Vaccines damage blood vessels and can cause aneurysms and AVMs to rupture – brain bleeds are often fatal.
Jan.21, 2024 – Seffner, FL – 8 year old Ava Marshall died unexpectedly & tragically midnight Jan.21, 2024. Her mother was deeply affected by COVID-19 mRNA Vaccine propaganda. Highly probable Ava was COVID-19 Vaccinated
Jan.7, 2024 – Holyoke, MA – 12 year old Nevaeh Vieira collapsed in her mom’s bedroom Jan.7/8, 2023 & had two cardiac arrests & was placed into a coma. She also suffered some minor brain damage from a stroke. COVID-19 mRNA Vaccine status is key info in this case.
Dec.8, 2023 – Palos Hills, IL – 7 year old Thomas Stachon was healthy until he “suddenly took ill and was placed in an induced coma due to brain inflammation”. He died on Dec.8, 2023.
My Take…
Anyone who is still passively watching this, is part of the problem.
Taking action means something as simple as writing a short letter to your political representatives.
I just wrote a short letter to Alberta Premier Danielle Smith. It will be ignored but her Office of the Premier will never be able to say they didn’t know.
I urge others to do the same.
COVID ISSUES/VACCINE ISSUES//DRUG ISSUES
ROBERT h TO US:
IVERMECTIN and CANCER Part 2 – Treating Turbo Cancer – 7 new studies released in 2024 show Ivermectin works against CANCER – suggested PROTOCOLS for COVID-19 mRNA Vaccine Induced Turbo Cancers
https://www.2ndsmartestguyintheworld.com/p/ivermectin-and-cancer-part-2-treating
GLOBAL ISSUES//GLOBAL SALES
end
MARK CRISPIN MILLER
DR PAUL ALEXANDER
When Charles Barkley and Stephen A. Smith are pounding Biden and Obama on immigration, then it is OVER for Biden Inc., pack it up now! Trump, start measuring drapes AGAIN! exchange: “And you see the
streets, you see the streets in New York,” Smith interjected. “First of all, the border is a joke. The border is a joke. They have them on camera kicking and beating cops. They beat up these two cops”
| DR. PAUL ALEXANDERAPR 8 |
“Who do you side with considering our inequities’ history, what’s going on today and who the candidates are today in terms of (President Biden) and (Donald Trump) in all likelihood, running for office. What do you do, Charles? Who do you vote for?” Smith asked.
“We need law and order, Stephen A.,” Barkley said. “Trying to fix inequalities has nothing to do with letting people go in stores and rob people.”
Alexander COVID News_a PCR manufactured fake COVID pandemic is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.
“I agree. I’m with you,” Smith noted.
“First of all, the border is a joke. The border is a joke. They have these migrants bussed up to New York. They have them on camera kicking and beating cops. They beat up these two cops,” Barkley said. “They were out of jail in 24 hours and the next day.”
“Actually, it was the same day, Charles. It was the same day,” Smith noted.
“Two days later, they caught them robbing Macy’s. They beat up cops. How are you out of jail in 24 hours?” Barkely added.
.
| LATEST NEWS: |
SLAY NEWS
| The latest reports from Slay News |
| Bill Gates’ Secret Scheme to Block Sun in American Skies BeginsShocking details have emerged to reveal that a Bill Gates-funded scheme is already underway that involves blocking out the Sun in American skies to fight “global warming.”READ MORE |
| Democrats Push to Hide Insects in American Food SupplyDemocrats are fighting to keep insects hidden in food products to be consumed by the American general public.READ MORE |
| Trump: Abortion Laws Should Be Decided by the ‘Will of the People’President Donald Trump has issued a statement to announce his position on whether abortion should be banned.READ MORE |
| Hamas Defector Drops Hammer on U.S Activists: ‘Pro-Palestine People Need to Go to Mental Asylum’A former Hamas member has slammed “pro-Palestine people” in the United States, arguing that they “need to go to a mental asylum.”READ MORE |
| Trump Crushes Mitch McConnell in Favorability RatingsPresident Donald Trump is crushing Senate Minority Leader Mitch McConnell (R-KY) in the favorability rating, new polling shows.READ MORE |
| Biden May Be Blocked from Appearing on Ballots in OhioDemocrat President Joe Biden is facing a major ballot access hurdle in the battleground state of Ohio.READ MORE |
| Viral Petition Demands Fani Willis’ Disqualification from Trump Election CaseA petition has gone viral that demands Fulton County District Attorney Fani Willis is removed from her politically motivated case against President Donald Trump.READ MORE |
| Biden’s ‘Voting Rights Access’ Executive Order to Be Decided by SCOTUSDemocrat President Joe Biden’s “voting rights” executive order may soon be overturned by the United States Supreme Court.READ MORE |
| Tucker Carlson: ESPN Fired Sage Steele ‘In the Name of Diversity’Independent news anchor Tucker Carlson has called out ESPN after the network fired its former correspondent Sage Steele for the sake of “diversity.”READ MORE |
EVOL NEWS
| LATEST NEWS: |
NEWS ADDICT
| German Government Admits Pandemic Was a HoaxThe German government has just made an astonishing admission, revealing that the entire COVID-19 pandemic was a hoax designed to vaccinate the public with mRNA injections and impose unwelcome new laws.READ THE FULL REPORT |
| WEF Demands Ban on Jeans to ‘Fight Climate Change’The World Economic Forum (WEF) is now demanding a ban on jeans after a group of the unelected globalist organization’s scientists determined that the popular clothing garment is causing “climate change.”READ THE FULL REPORT |
| Elon Musk Defies Brazil’s ‘Darth Vader’ and Will Pay ‘Massive Fines’ Instead of Bend the Knee to CensorshipElon Musk, tech CEO and owner of X corp, said on Saturday evening that the business has chosen to lift all restrictions on Brazilian accounts targeted by a Supreme Court decree.READ THE FULL REPORT |
| Hunter Biden’s Attorney Met With Biden Assistant At White House Before Defying SubpoenaAn attorney representing Hunter Biden in his ongoing legal battles met with first lady Jill Biden’s top aide in the East Wing of the White House days before the first son defied a congressional subpoena.READ THE FULL REPORT |
| Legal Analysts: Democrats’ Attacks On Judge Cannon Due to Animus Against Trump, ‘Not Grounded in Legal Substance’Criticism of the judge overseeing former President Donald Trump’s classified documents case lacks a legal justification, experts told the Daily Caller News Foundation.READ THE FULL REPORT |
MICHAEL EVERY/PHIL MAREY/OR OTHER EXECS //RABOBANK
8. EMERGING MARKETS//AUSTRALIA NEW ZEALAND ISSUES//
CANADA
END
YOUR EARLY CURRENCY/GOLD AND SILVER PRICING/ASIAN CLOSING MARKETS AND EUROPEAN BOURSE OPENING AND CLOSING/ INTEREST RATE SETTINGS TUESDAY MORNING 7;30AM//OPENING AND CLOSING
EURO VS USA DOLLAR: 1.0864 UP .0003
USA/ YEN 151.81 DOWN .023 NOW TARGETS INTEREST RATE AT 1.00% AS IT WILL BUY UNLIMITED BONDS TO GETS TO THAT LEVEL…//YEN STILL FALLS//
GBP/USA 1.2603 UP .0025
USA/CAN DOLLAR: 1.3576 UP .0005 (CDN DOLLAR DOWN 5 BASIS PTS)
Last night Shanghai COMPOSITE CLOSED UP 1,49 PTS OR .05%
Hang Seng CLOSED UP 95,22 PTS OR .32%
AUSTRALIA CLOSED UP .45%
// EUROPEAN BOURSE: ALL RED
Trading from Europe and ASIA
I) EUROPEAN BOURSES: ALL RED
2/ CHINESE BOURSES / :Hang SENG CLOSED UP 95,22 PTS OR .32%
/SHANGHAI CLOSED UP 1.49 PTS OR .05%
AUSTRALIA BOURSE CLOSED UP 0.45%
(Nikkei (Japan) CLOSED UP 426.09 PTS OR 1.08%
INDIA’S SENSEX IN THE RED
Gold very early morning trading: 2354.60
silver:$28.06
USA dollar index early TUESDAY morning: 103.89 DOWN 1 BASIS POINTS FROM MONDAY’s CLOSE.
TUESDAY MORNING NUMBERS ENDS
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And now your closing TUESDAY NUMBERS 1: 30 AM
Portuguese 10 year bond yield: 3.043% DOWN 5 in basis point(s) yield
JAPANESE BOND YIELD: +0.782% DOWN 0 AND 5//100 BASIS POINTS /JAPAN losing control of its yield curve/
SPANISH 10 YR BOND YIELD: 3.181 DOWN 7 in basis points yield
ITALIAN 10 YR BOND YIELD 3.714 DOWN 8 points in basis points yield ./ THE ECB IS QE’ ING ITALIAN BONDS (BUYING ITALIAN BONDS/SELLING GERMAN BUNDS)
GERMAN 10 YR BOND YIELD: 2.3725 DOWN 6 BASIS PTS
END
IMPORTANT CURRENCY CLOSES FOR TUESDAY
Closing currency crosses for day /USA DOLLAR INDEX/USA 10 YR BOND YIELD/1:00 PM
Euro/USA 1.0856 DOWN 0.0006 or 6 basis points
USA/Japan: 151.72 DOWN 0.113 OR YEN IS UP 11 BASIS PTS
Great Britain/USA 1.2672 UP .0014 OR 14 BASIS POINTS //
Canadian dollar DOWN .0008 OR 8 BASIS pts to 1.3580
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The USA/Yuan, CNY: closed ON SHORE CLOSED DOWN AT 7.2375
THE USA/YUAN OFFSHORE: (YUAN CLOSED (DOWN)…. (7.2418)
TURKISH LIRA: 32.29 EXTREMELY DANGEROUS LEVEL/DEATH WATCH/HYPERINFLATION TO BEGIN.//ON DEATH WATCH
the 10 yr Japanese bond yield at +0.782…
Your closing 10 yr US bond yield DOWN 5 in basis points from MONDAY at 4.372% //trading well ABOVE the resistance level of 2.27-2.32%) very problematic
USA 30 yr bond yield 4.506 DOWN 5 in basis points /12.00 PM
USA 2 YR BOND YIELD: 4.740 DOWN 5 BASIS PTS.
GOLD AT 11;30 AM 2346.00
SILVER AT 11;30: 27.89
Your 12:00 AM bourses for Europe and the Dow along with the USA dollar index closing and interest rates: TUESDAY CLOSING TIME 12:00 PM//
London: CLOSED DOWN 8.68 PTS OR 0.61%
German Dax : CLOSED DOWN 242,27 PTS OR 1.32%
Paris CAC CLOSED DOWN 70.13 PTS OR 0.86%
Spain IBEX CLOSED DOWN 95.80 PTS OR 0.58%
Italian MIB: CLOSED DOWN 369.67PTS OR 1.28%
WTI Oil price 85.82 12: EST/
Brent Oil: 89.77 12:00 EST
USA /RUSSIAN ROUBLE /// AT: 93.00 ROUBLE DOWN 0 AND 30/100
GERMAN 10 YR BOND YIELD; +2.3725 DOWN 6 BASIS PTS
UK 10 YR YIELD: 4.1320 UP 6 BASIS POINTS
CLOSING NUMBERS: 4 PM
Euro vs USA 1.0855 DOWN.0007 OR 7 BASIS POINTS
British Pound: 1.2672 UP .0015 or 15 basis pts
BRITISH 10 YR GILT BOND YIELD: 4.043 DOWN 6 BASIS PTS//
JAPAN 10 YR YIELD: .782
USA dollar vs Japanese Yen: 151.76 DOWN 0.073//YEN UP 73 BASIS PTS//
USA dollar vs Canadian dollar: 1.3575 UP .0004 CDN dollar DOWN 4
basis pts)
West Texas intermediate oil: 85.32
Brent OIL: 89.43
USA 10 yr bond yield DOWN 6 BASIS pts to 4.366%
USA 30 yr bond yield DOWN 6 BASIS PTS to 4.496%
USA 2 YR BOND: DOWN 4 PTS AT 4.745%
USA dollar index: 103.92 UP 1 BASIS POINTS
USA DOLLAR VS TURKISH LIRA: 32.26 (GETTING QUITE CLOSE TO BLOWING UP/
USA DOLLAR VS RUSSIA//// ROUBLE: 93,00 DOWN 0 AND 50/100 roubles
GOLD 2347.60 3:30 PM
SILVER: 28.07 3:30 PM
DOW JONES INDUSTRIAL AVERAGE: UP 10.20 PTS OR 0.03%
NASDAQ UP 70.65 PTS OR 0.39%
VOLATILITY INDEX: 15.44 UP 0.25 PTS OR 1.65%
GLD: $217.67 UP 1.19 OR 0.55%
SLV/ $25.73 UP .32 OR 1.26%
end
USA AFFAIRS
TODAY’S TRADING IN GRAPH FORM
END
MORNING TRADING/
Something’s Breaking…
TUESDAY, APR 09, 2024 – 10:55 AM
Last Thursday we got a ‘glimpse’…
Is today another?
No FedSpeak. No Macro. No major geopol issues.
But, stocks suddenly puked…
Led my MAG7 stocks…
Source: Bloomberg
Notably, 0-DTE traders were buying puts aggressively out of the gate…
As Crypto was slammed…
Source: Bloomberg
Oil prices tumbled…
Source: Bloomberg
All as Treasury yields actually fell…
Source: Bloomberg
… and rate-cut expectations rose…
Source: Bloomberg
Anxiety ahead of tomorrow’s CPI?
AFTERNOON TRADING/
II USA DATA
TUCKER CARLSON…
END
III USA ECONOMIC COMMENTARIES
Here is the latest on Biden’s new scam to buy votes with student debt relief
(zerohedge)
Biden Scrambles To Buy Votes With New Taxpayer-Funded Student Debt Relief Scheme
MONDAY, APR 08, 2024 – 09:20 PM
After American borrowers adjusted their finances amid the mass-suspension of student loan payments during the pandemic (and the scorching inflation that followed), the Biden administration on Monday announced new student loan plans that would give borrowers up to $20,000 in loan forgiveness for balances that have grown due to unpaid interest since entering repayment, regardless of income.
The plan is aimed at those with “runaway interest.”
Those who qualify for the “SAVE IDR” (income-driven repayment) would have the full balance of their unpaid interest forgiven, which would benefit roughly 25 million Americans.
What’s more, the administration is also looking to provide automatic debt relief for those who qualify under the SAVE plan, Public Service Loan Forgiveness program, and similar forgiveness programs which have hit red tape when it comes to relief.
Lastly, the plan would give relief to those enrolled in low-financial-value education programs deemed insufficient by the Department of Education, as well as those experiencing hardship in paying back loans and who are at risk of default.
I said I wouldn’t back down from using every tool at our disposal to get student loan borrowers the relief they need. That’s why today we’re announcing new plans that, if implemented, would cancel student debt for millions more.
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“The Biden-Harris Administration plans to release proposed rules on these plans over the coming months. If these plans are finalized as proposed, this fall the Administration would begin canceling up to $20,000 in interest for millions of borrowers and full loan forgiveness for millions more,” the administration said in a Monday statement.
The administration said the White House estimates more than 30 million Americans would have benefited from loan forgiveness from the plans during the past three years.
The administration is also emphasizing how its action will help Black and Latino borrowers and those who went to community college, who are more likely to struggle with student loan debt. –The Hill
“These actions are expected to provide significant relief to Black and Latino borrowers, borrowers who attended community college, and borrowers who are financially vulnerable because they took out debt but never had the chance to complete their degree,” according to the administration.
So the Biden administration is taking taxpayer money to pay the banks their interest?
end
BOEING
Boeing Shares Tumble After NYT Reveals Whistle-Blower Report On 787 Dreamliner Fuselage Flaws
TUESDAY, APR 09, 2024 – 01:00 PM
Shares of Boeing are moving lower in early afternoon trade following a report from The New York Times of an engineer at the airplane manufacturer turned whistle-blower, revealing that sections of the 787 Dreamliner fuselage are improperly fastened together, posing structural integrity risks.
Sam Salehpour, who worked on the 787 Dreamliner fuselage for more than a decade, detailed to NYT in a series of interviews that were packaged into documents and sent to the Federal Aviation Administration that the widebody plane is produced in several large sections by different manufacturers, and not all pieces were the same shape when they were fitted together. He said this could create structural issues over time.
On April 17, Senator Richard Blumenthal, a Democrat of Connecticut and the chairman of the Senate Homeland Security and Governmental Affairs Committee’s investigations subcommittee, will hold a hearing featuring Salehpour to address his concerns about the 787 Dreamliner.
“Repeated, shocking allegations about Boeing’s manufacturing failings point to an appalling absence of safety culture and practices — where profit is prioritized over everything else,” Blumenthal said in a statement.
Recall, in 2014, an Al Jazeera undercover report found that workers at the 787 factory in South Carolina were not confident in the plane’s manufacturing quality, with at least one worker callin it “f**king sh*t.”
“This is the culture that Boeing has allowed to exist,” Katz said, adding, “This is a culture that prioritizes production of planes and pushes them off the line even when there are serious concerns about the structural integrity of those planes and their production process.”
Boeing responded to the NYT report and said it was “fully confident in the 787 Dreamliner,” adding, “These claims about the structural integrity of the 787 are inaccurate and do not represent the comprehensive work Boeing has done to ensure the quality and long-term safety of the aircraft.”
Investors were spooked by the report, which is yet another issue for Boeing. Shares in New York tumbled 2% around noon.
Salehpour’s allegations are yet more problems for Boeing after a door plug ripped off an Alaska Airlines 737 Max in early January. Since then, other issues have plagued Boeing jets across US carriers. The Justice Department has begun a criminal investigation into Boeing jets, and the CEO, Dave Calhoun, recently announced that he will step down later this year.
IIIB USA COMMENTARIES RE ISRAEL/HAMAS WAR/ and PERVASIVE ANTISEMITISM/WOKISM…
end
end
iiiC USA COVID //VACCINE ISSUES
END
FREIGHT ISSUES/USA
END
VICTOR DAVIS HANSON
END
SWAMP STORIES
DOJ Stonewalls Over Audio Of Biden Interview With Special Counsel Hur
MONDAY, APR 08, 2024 – 08:40 PM
The Department of Justice (DOJ) has reused to provide audio tapes of President Biden’s interview with special counsel Robert Hur, defying a subpoena by the House GOP.
In an April 8 letter to the House Oversight Committee and House Judiciary Committee, Assistant AG Carlos Felipe Uriarte complained that despite cooperating with other aspects of the Feb. 27 subpoena, “the committees have responded with escalation and threats of criminal contempt.”
“We urge the committees to avoid conflict rather than seek it,” he added – while working for the same DOJ that has specifically sought conflict by launching investigations and lawsuits against former President Trump.
“It is not too late for the committees to choose a different path, to take an offramp towards the ’spirit of dynamic compromise’ that the Constitution requires of us both,” the letter continues.
The Feb. 27 subpoena requested copies of notes, audio files, video and transcripts related to Hur’s probe, and had a deadline of March 7, according to the Epoch Times, which has obtained a copy.
“Americans expect equal justice under the law and DOJ is allowing the Bidens to operate above it,” House Oversight Committee Chairman James Comer (R-KY) said in a statement. “Special Counsel Hur’s report outlined that classified documents Joe Biden stashed for years relate to countries where his family cashed in on the Biden brand.”
In response to a request for audio of what author Mark Zwonitzer recorded while interviewing Biden, whose two memoirs he wrote, Uriarte said there is no need for the department to hand it over because the committees also have transcripts of the interviews.
“To go further by producing the audio files would compound the likelihood that future prosecutors will be unable to secure this level of cooperation,” Uriarte wrote.
“They might have a harder time obtaining consent to an interview at all. It is clearly not in the public interest to render such cooperation with prosecutors and investigators less likely in the future.”
Uriarte then reiterated that the DOJ has provided ample evidence to the committees.
“The department is willing to hear more from the committees, but at this time your further requests appear attenuated from the committees’ stated purposes—with today’s production, you now have the information you requested. Given the extraordinary executive branch confidentiality interests implicated here, a specific and adequate showing of need for any additional information, tethered to the authority under which the committees purport to act, is critical,” he wrote.
Uriarte then hilariously asked the committees not to make DOJ materials public, writing “To ensure an adequate opportunity to review these materials for suitability for public release, we respectfully request that the committees not disseminate or otherwise disclose the documents or information therein without prior consultation with the department.”
As the Epoch Times notes further;
‘The Evidence Does Not Establish’ Biden’s Guilt
Mr. Hur announced on Feb. 8 that President Biden would not be charged.
“Our investigation uncovered evidence that President Biden willfully retained and disclosed classified materials after his vice presidency when he was a private citizen,” Mr. Hur wrote in a 388-page report to Attorney General Merrick Garland.
The materials, the report stated, included “marked classified documents about military and foreign policy in Afghanistan, and notebooks containing Mr. Biden’s handwritten entries about issues of national security and foreign policy implicating sensitive intelligence sources and methods.” The FBI collected these items during a search of President Biden’s residence in Wilmington, Delaware, last year.
The FBI last year also searched the president’s home in Rehoboth Beach, Delaware, where they also found classified materials.
Nonetheless, Mr. Hur said that “the evidence does not establish Mr. Biden’s guilt beyond a reasonable doubt” and that “prosecution of Mr. Biden is also unwarranted based on our consideration of the aggravating and mitigating factors set forth in the Department of Justice’s Principles of Federal Prosecution.”
The classified documents are from President Biden’s more than four-decade political career, including the Senate, the vice presidency, and now the presidency.
Mr. Hur interviewed President Biden over the span of two days last year.
In deciding not to charge the president, Mr. Hur said that a jury likely wouldn’t convict him, in part due to his cognitive issues.
“We have also considered that, at trial, Mr. Biden would likely present himself to a jury, as he did during our interview of him, as a sympathetic, well-meaning, elderly man with a poor memory,” Mr. Hur wrote.
“Based on our direct interactions with and observations of him, he is someone for whom many jurors will want to identify reasonable doubt. It would be difficult to convince a jury that they should convict him—by then a former president well into his eighties—of a serious felony that requires a mental state of willfulness.”
The Afghanistan documents, which had the highest level of classification in the United States, were from 2009. These papers were in a Virginia home that President Biden rented in 2019, where he met with Mr. Zwonitzer for his two books before the classified documents were sent to Delaware.
“Nevertheless, we do not believe this evidence is sufficient, as jurors would likely find reasonable doubt for one or more of several reasons,” Mr. Hur wrote.
“Both when he served as vice president and when the Afghanistan documents were found in Mr. Biden’s Delaware garage in 2022, his possession of them in his Delaware home was not a basis for prosecution because as vice president and president, he had authority to keep classified documents in his home,” he continued.
“The best case for charges would rely on Mr. Biden’s possession of the Afghanistan documents in his Virginia home in February 2017, when he was a private citizen and when he told his ghostwriter he had just found classified material.”
END
HUMOUR STORY OF THE DAY:
Chicago’s Lori Lightfoot Lands $400 An Hour Job Investigating ‘Worst Mayor In America’
TUESDAY, APR 09, 2024 – 10:08 AM
Former Chicago Mayor Lori Lightfoot has been appointed by the trustees of Dolton, Illinois as a special investigator to probe Dolton’s embattled mayor, Tiffany Henyard – for $400 per hour.
Henyard is accused of mishandling funds. Last month she vetoed calls for an investigation into herself, which was overturned Monday night. A former city employee also accused Henyard of retaliation after she says a village trustee sexually assaulted her on a trip to Las Vegas last year, after which she was fired after speaking up.
During a Monday meeting which had roughly 150 community members in attendance – but Henyard and two village trustees skipped out on, the four remaining trustees present voted in favor of appointing Lightfoot, a former assistant US attorney, to investigate the mayor.
“This board specifically has made reaches to the state’s attorney, attorney general, governor’s office, and as we know, there are ongoing, well, it’s been reported that there are ongoing investigations from federal entities. Those entities as we know can take anywhere from two months to five years,” said Trustee Jason House – mayor pro tempore for the meeting, Fox32 Chicago reports.
“We feel this option will give us an independent process,” House continued.
Lightfoot will get to work right away, starting her new role as ‘special investigator’ for the Village of Dolton on Tuesday.
She will be launching a probe into Henyard’s alleged mishandling of village funds, among other complaints.
“She has more authority to get what we’re missing, to seal this deal and take our community back,” said Belcher.
On Monday, Belcher stated that the Village of Dolton is more than $7 million in debt. -Fox32
Lightfoot, an objectively horrible mayor, lost her bid for re-election in Chicago last March, coming in third place. Her greatest hits include;
- “F**k Clarence Thomas!” Shouts Chicago Mayor Lori Lightfoot During Pride Parade
- Chicago Mayor Lori Lightfoot Granting Interviews “Only To Black Or Brown Journalists”
- Did Chicago Punish Car Dealership Rocked By $1 Million Theft After Lightfoot Called Owner An “Idiot”?
- Chicago’s Ex-City Attorney Brands Mayor Lori Lightfoot A ‘Disaster’ After $2.9 Million Settlement Over Botched Police Raid
- Chicago Homicide Crisis Worsens As Mayor Lightfoot Fails To Quell Violence
- Illinois Sheriffs Reject Mayor Lightfoot’s Urgent Plea To Cover Police Shortage In Crime-Hit Chicago
Henyard tries a lawyer trick!
In response to Lightfoot’s appointment, a Dolton Township lawyer hired by Henyard to serve as the village’s prosecutor, Michael del Galdo, said in a Monday letter to the legal team representing the trustees that if Lightfoot is appointed as “additional legislative counsel,” Henyard will “not be approving any payments to Lightfoot,” as her appointment would violate the law due to the trustees’ existing attorney.
Burt Odelson, an attorney for the Trustees, hit back- saying that Lightfoot would serve not as “additional legislative counsel,” but rather a “special investigator.”
According to the report, Lightfoot’s $400 per hour investigation will be capped at $30,000 for now – so she better wrap this up in 75 hours or less.
Henyard was called the “worst mayor in America” by an angry resident during a monthly board meeting earlier this month.
“You know what you’re doing. You’re violating our rights, and that’s a shame,” one resident testified. “This is a disgrace what you have done to this village … They say that you’re the worst mayor in America. I agree.”
KING REPORT
| The King Report April 9, 2024 Issue 7217 | Independent View of the News |
| The US will auction $58B in 3-years today, $39B in 10-years tomorrow, and $22B of 30s on Thursday. The US Treasury auctioned $70B of T-Bills on Monday and will auction $65B of T-Bills today. Monday’s action was tepid because traders did not want to be aggressive ahead of the March CPI release tomorrow and the end of Ramadan today. Perhaps numerous traders were diverted by the solar eclipse. ESMs opened higher on Sunday night due to the usual buying for the expected Monday rally. Alas, ESMs quickly went into a decline that persisted until 3:06 ET. ESMs then jumped from 5243.00 to 5259.25 at 3:51 ET on rabid traders buying after Europe opened. The dump then pushed ESMs to a daily low of 5236.50 at 4:23 ET. ESMs then commenced a rally that persisted until they hit 5266.75 at 9 ET. A sudden decline pushed ESMs down to 5246.50 at 9:37 ET. The usual suspects then aggressively and reflexively bought the decline on the NYSE opening. ESMs soared to a daily high of 5269.25 at 10:52 ET. Sellers got busy; ESMs sank to 5245.25 at 12:20 ET. A Noon Balloon took ESMs up to5261.50 at 12:57 ET. ESMs then retreated and traded sideways until a late manipulation at 15:30 spiked ESMs four handles higher. Sellers quickly pounced; ESMs sank 13 handles in 10 minutes. After a modest rebound, ESMs fell to 5249.50 at 15:57 ET. A final manipulation pushed ESMs to 5255.75. USMs traded moderately lower from the Nikkei opening until they broke lower after Europe opened at 3:00 ET. An intractable decline took USMs to a daily low of 116 11/32 at 8:07 ET. Then the recent phenomenon of someone aggressively juicing USMs higher ahead of a US Treasury Auction appeared. Someone aided & abetted the US Treasury by pushing USMs to a daily high of 117 10/32 at 10:30 ET. USMs then traded sideways thereafter. @ces921: NY Fed 3yr ahead inflation expectations up from 2.35% in January to 2.9% now in March. So, for the most part now back to levels that existed in 2H23 when the Fed was still looking to raise rates another time which they forgot to do. Don’t worry though. The Fed says they remain well-anchored so have no fear. Will magically fall back down again to 2% with Fed rate cuts later this year. @lisaabramowicz1: US 10-year inflation-adjusted yields are at the highest levels of 2024. (Chart at link) https://twitter.com/lisaabramowicz1/status/1777263509463552458 Positive aspects of previous sessionStocks rallied modestly; the DJTA was the strongest major equity indexGasoline declined sharply; Oil retreated modestly Negative aspects of previous sessionBonds declined ahead of this week’s US Treasury Auctions; yields hit 2024 highs Ambiguous aspects of previous sessionThe action on Monday was very lackluster First Hour/Last Hour Action [S&P 500 Index]: 1st Hour from NYSE Open: Up; Last Hour: Down Pivot Point for S&P 500 Index [above/below indicates daily trend to traders]: 5206.44Previous session S&P 500 Index High/Low: 5219.57; 5197.35 Reuters: Hamas rejected an Israeli ceasefire proposal made at talks in Cairo, a senior Hamas official said on Monday, and Israeli Prime Minister Benjamin Netanyahu said a date was set for an invasion of Rafah, Gaza’s last refuge for displaced Palestinians. Israel and Hamas sent teams to Egypt on Sunday for talks that included Qatari and Egyptian mediators as well as CIA Director William Burns…https://www.reuters.com/world/middle-east/hamas-says-gaza-truce-talks-remain-deadlocked-despite-reports-progress-2024-04-08/ Hamas defector tells pro-Palestinian activists they belong in ‘a mental asylum’ in brutal debate‘Pro-Palestine people need to go to a mental asylum,’ says Hamas defector Mosab Hassan Yousef “It’s very disappointing to see Americans supporting Hamas and thinking that Hamas is a cool thing, while Hamas does not respect any of those followers, while those followers don’t know that Hamas would torture them and massacre them with no mercy. They call them useful idiots. They don’t know that Hamas is a dark black hole,” Yousef said on an April 2 episode of “Dr. Phil Primetime.”…https://www.foxnews.com/media/hamas-defector-tells-pro-palestinian-activists-they-belong-in-a-mental-asylum-in-brutal-debate Anti-Israel protesters chant ‘Death to America’ and ‘Death to Israel’ at rally in MichiganAnti-Israel activists were heard chanting “Death to America” and “Death to Israel” at a rally in a Michigan city recently dubbed the “jihad capital” of the US. The sick chants erupted at a rally Friday in Dearborn marking Al Quds Day, in which Muslims around the world denounce Israel, according to a video posted by the Middle East Media Research Institute… (Globalists told us they would assimilate!)https://nypost.com/2024/04/08/us-news/anti-israel-protesters-chant-death-to-america-death-to-israel/ @RealSaavedra: Bill Clinton in 2016: “I killed myself to give the Palestinians a state. I had a deal they turned down that would have given them all of Gaza… between 96%-97% of the West Bank, compensating land in Israel, you name it.” “Hamas is really smart. When they decide to rocket Israel, they insinuate themselves in the hospitals, in the schools, in the highly populous areas, and they are smart. They said they try to put the Israelis in a position of either not defending themselves or killing innocents. They’re good at it. They’re smart. They’ve been doing this a long time.” https://twitter.com/RealSaavedra/status/1777131550213034453 @NoahPollak: The leader of Hezbollah just gave a speech bragging that Biden is stopping Israel from winning the war and is causing Israel’s isolation and eventual defeat. It sounds like Hezbollah and its patron Iran are very pleased with Biden these days. As they should be. https://twitter.com/NoahPollak/status/1777347337612054576 @sentdefender: The Israel Defense Force has announced the beginning of a Major Exercise today in the Western Galilee Region and on the Northwestern Coast of Israel to prepare for Fighting on multiple Fronts including Southern Lebanon; the Exercise will consist of Personnel and Equipment from the IDF Northern Command, Homefront Command, Navy, Air Force, Police, Fire and Rescue Services as well as the Magen David Adom, with Active Traffic by Naval Vessels, Aircraft, and Heavy Tracked-Vehicles to be expected by Residents. CBS: JPMorgan’s Jamie Dimon sounds alarm about possible worst risks to U.S. since WWIIhttps://www.cbsnews.com/news/jpmorgan-jamie-dimon-us-risks-possible-worst-wwii/(Isn’t this good news for stocks? The Fed will ease to paper over war spending.) Today – Action should again be muted and mirror Monday’s trading. Tomorrow’s March CPI, the end of Ramadan (today), and three large US Treasury Auctions are muting activity. Expected economic data: March NFIB Small Business Optimism 89.9 ESUs are +1.25; NQHs are -1.50; USHs are -2/32; June Gold is -+8.50 at 20:55 ET. S&P Index 50-day MA: 5089; 100-day MA: 4883; 150-day MA: 4702; 200-day MA: 4643DJIA 50-day MA: 38,8677 100-day MA: 37,799; 150-day MA: 36,473, 200-day MA: 36,032(Green is positive slope; Red is negative slope) S&P 500 Index (5202.39 close) – Trender BBG trading model and MACD for key time framesMonthly: Trender and MACD are positive – a close below 4539.68 triggers a sell signalWeekly: Trender and MACD are positive – a close below 5033.32 triggers a sell signalDaily: Trender and MACD are negative – a close above 5299.70 triggers a buy signalHourly: Trender is negative; MACD is positive – a close above 5238.66 triggers a buy signal DOJ refuses to fork over audio of Biden’s interview with special counsel, despite contempt threat https://trib.al/9McD0VT Garland and his ilk are defiant because history shows the GOP does NOT have the stones to play tough. @RNCResearch: BIDEN: “I, like an awful lot of people in this audience, was the first in my family to go to college.” He’s lying. In 1987, he was even forced to admit it’s a total LIE (after he plagiarized a British politician). Biden has numerous times bragged that his grandfather played college football.https://www.facebook.com/scuecp/posts/check-out-this-story-about-joe-bidens-grandpop-who-played-football-for-santa-cla/10165297353580001/ President Biden cites great-grandfather, Lafayette Class of 1879, in Dublin speech 4/14/2023In addition to his great-grandfather, Biden, who visited Lafayette in 2012, has two great uncles who went to Lafayette… https://news.lafayette.edu/2023/04/14/president-biden-cites-great-grandfather-lafayette-class-of-1879-in-dublin-speech/ It is stunningly and disturbing how much Biden lies – and without consequences due to Dem privilege. ABC’s Sunny Hostin Claims the Solar Eclipse, Earthquake Caused by ‘Climate Change’During Monday’s edition of The View… Sunny Hostin… asserted in all seriousness that Monday’s solar eclipse, Friday’s earthquake, and the coming cicada breeding season were all caused by “climate change.”… https://www.newsbusters.org/blogs/nb/nicholas-fondacaro/2024/04/08/sunny-hostin-claims-solar-eclipse-earthquake-caused-climatehttps://twitter.com/NickFondacaro/status/1777354241595601396 Why do the powers that be at ABC tolerate this level of stupidity and ignorance? 125,000 migrants released onto streets of San Diego in just six months ‘without proper vetting’: county supervisor https://trib.al/gHPBRtM | |
GREG HUNTER I
SEE YOU WEDNESDAY
harveyorganblog.com 
