APRIL 22//BLOG: GOLD PRICE CLOSED DOWN $59.90 TOP $2333.10//SILVER CLOSED DOWN $1.53 TO $27.21//PLATINUM CLOSED DOWN $11.75 TO $923.75/WHILE PALLADIUM CLOSED DOWN $6.60 TO $1014.55//DRIVE BY SHOOTING ORCHESTRATED BY THE FED AGAINST OUR PRECIOUS METALS: NO DOUBT THE FRBNY BORROWED MORE GOLD FROM BIS//
“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.”
Now I retrieve the data after 1 am
I will now provide gold in Canadian dollars, British pounds and Euros
4: 15 PM ACCESS
*CANADIAN GOLD: $3191.16 DOWN 104.00 CDN dollars per oz( * NEW ALL TIME HIGH 3,301.52 CDN DOLLARS PER OZ//APRIL 16 2024)
*BRITISH GOLD: 1885.26 DOWN 48.20 pounds per oz// *(NEW ALL TIME HIGH//CLOSING///1933.24 BRITISH POUNDS/OZ) APRIL 19/2024
*EURO GOLD: 2186,44 DOWN 56.10 euros per oz //* (ALL TIME CLOSING HIGH: 2248.89 EUROS PER OZ//APRIL 16.2024)
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END
EXCHANGE: COMEX
JPMORGAN STOPPED (RECEIVED) 0/121 CONTRACTS
FOR APRIL/2024
GOLD: NUMBER OF NOTICES FILED FOR APRIL/2024. CONTRACT: 70 NOTICES FOR 7000 OZ or 0.2177 TONNES
total notices so far: 16,180 contracts for 1,618,000 Oz (50.326 tonnes)
FOR APRIL:
SILVER NOTICES: 0 NOTICE(S) FILED FOR nil OZ/
total number of notices filed so far this month : 1625 for 8,125,000 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 DOWN $59,90
INVESTORS SWITCHING TO SPROTT PHYSICAL (PHYS) INSTEAD OF THE FRAUDULENT GLD/ :
NO CHANGES IN GOLD INVENTORY AT THE GLD:
/ /INVENTORY RESTS AT 831..91 TONNES
INVENTORY RESTS AT 831.91 TONNES
SLV//
WITH NO SILVER AROUND AND SILVER DOWN $1.51 AT THE SLV//
HUGE CHANGES IN SILVER INVENTORY AT THE SLV: ANOTHER MASSIVE WITHDRAWAL OF 2.194 MILLION OZ FROM THE SLV/
// INVENTORY LOWERS T0 418.570 MILLION OZ/
INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV.
CLOSING INVENTORY: 416.376 MILLION OZ
Let us have a look at the data for today
SILVER//OUTLINE
SILVER COMEX OI ROSE BY A HUMONGOUS SIZED 1050 CONTRACTS TO 179,762 AND STILL RAPIDLY CLOSING IN ON THE RECORD HIGH OI OF 244,710, SET FEB 25/2020 AND THIS STRONG SIZED LOSS IN COMEX OI WAS ACCOMPLISHED WITH OUR STRONG GAIN IN PRICE OF $0.42 IN SILVER PRICING AT THE COMEX ON FRIDAY. WE HAD ZERO LONG LIQUIDATION AT THE COMEX SESSION WITH AGAIN PANICKING SHORT COVERING BY OUR SPECS EVEN WITH THE SMALL PRICE LOSS IN PRICE. WE HAD A STRONG SIZED 818 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 FRIDAY NIGHT: 523 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 IN THE PAST YEAR 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 $0.42), AND WERE UNSUCCESSFUL IN KNOCKING ANY SILVER LONGS AS WE HAD A MEGA GIGANTIC SIZED GAIN OF 3028 CONTRACTS ON OUR TWO EXCHANGES WITH THE RISE IN PRICE OF $0.42
WE MUST HAVE HAD:
A HUGE SIZED 1375 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 05,000 OZ QUEUE JUMP //NEW STANDING RISES AT 8.185 MILLION OZ//
//NEW STANDING FOR SILVER IS THUS 8.185 MILLION OZ
WE HAD:
/ HUGE SIZED COMEX OI GAIN/ HUGE SIZED EFP ISSUANCE/ VI) STRONG SIZED NUMBER OF T.A.S. CONTRACT ISSUANCE 523 CONTRACTS)/
I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL -REMOVED A STRONG 278 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 16 DAYS, total 22,437 contracts: OR 112.185MILLION OZ (1402CONTRACTS PER DAY)
TOTAL EFP’S FOR THE MONTH SO FAR: 112.185 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: 112.185 MILLION OZ (THIS MONTH WILL PROBABLY BE A WHOPPER OF ISSUANCE OF EFPS)
RESULT: WE HAD A HUMONGOUS SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 1050 CONTRACTS WITH OUR GAININ PRICE OF SILVER PRICING AT THE COMEX//FRIDAY.,. THE CME NOTIFIED US THAT WE HAD A HUMONGOUS EFP ISSUANCE CONTRACTS: 925 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’ 5000 OZ QUEUE JUMP
//NEW TOTAL STANDING REMAINS AT 8.185 MILLION OZ
WE HAVE A MEGA GIGANTIC SIZED GAIN OF 2425 OI CONTRACTS ON THE TWO EXCHANGES WITH THE GAIN IN PRICE. THE TOTAL OF TAS INITIATED CONTRACTS TODAY: A HUGE SIZED 523 CONTRACTS,//CONSIDERABLE FRONT END OF THE TAS CONTRACTS WERE LIQUIDATED DURING THE THURSDAY COMEX SESSION/// WITH MAJOR SHORT COVERING FROM OUR SPEC SHORTS
THE NEW TAS ISSUANCE FRIDAY NIGHT (523 WILL BE PUT INTO “THE BANK” TO BE COLLUSIVELY USED AT A LATER DATE//PROBABLY TODAY., .
WE HAD 0 NOTICE(S) FILED TODAY FOR nil 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 SMALL SIZED 93 OI CONTRACTS TO 520,391AND CLOSER TO 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 876 CONTRACTS
WE HAD A SMALL SIZED DECREASE IN COMEX OI (93 CONTRACTS) DESPITE OUR STRONG $15.00 GAIN IN PRICE//FRIDAY. THE BANKERS WERE FORCED TO SUPPLY THE NECESSARY SHORT PAPER TO CONTAIN GOLD’S RISE. WE ALSO HAD A RATHER LARGE INITIAL STANDING IN GOLD TONNAGE FOR APRIL. AT 44.8615 TONNES ON FIRST DAY NOTICE FOLLOWED BY TODAY’S HUGE QUEUE JUMP OF 8,000OZ.(0.2488TONNES)
NEW STANDING 50.642 TONNES// ALL OF THIS HAPPENED WITH OUR $15.00 GAIN IN PRICE WITH RESPECT TO FRIDAY’S TRADING. WE HAD A STRONG SIZED GAIN OF 7773 OI CONTRACTS (24.17 PAPER TONNES) ON OUR TWO EXCHANGES.
E.F.P. ISSUANCE
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A STRONG SIZED 7866CONTRACTS:
The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 520,391
IN ESSENCE WE HAVE A STRONG SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 7773 CONTRACTS WITH 93 CONTRACTS DECREASED AT THE COMEX// AND A STRONG SIZED 7866 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN ON THE TWO EXCHANGES OF 7773 CONTRACTS.. WE HAD THE FOLLOWING TAS CONTRACTS INITIATED (ISSUED): A FAIR SIZED 976 CONTRACTS,
CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES
WE HAD A STRONG SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (7866 CONTRACTS) ACCOMPANYING THE SMALL SIZED GAIN IN COMEX OI (783 //TOTAL GAIN FOR OUR THE TWO EXCHANGES: 7773 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 HUGE 0.2488TONNES QUEUE JUMP
//NEW STANDING 50.640 TONNES.
/ 3) ZERO LONG LIQUIDATION WITH THE GAIN IN PRICE.
// 4) SMALL SIZED COMEX OPEN INTEREST LOSS/ 5) STRONG ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER///6: FAIR T.A.S. ISSUANCE: 976CONTRACTS/ HUGE SHORT COVERING BY OUR WRONG FOOTED SPECS WITH THE FED’S CONTINUAL RAID ON THE COMEX GOLD.
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: 64,251 CONTRACTS OR 6,4251 ,00OZ OR 199.84TONNES IN 16TRADING DAY(S) AND THUS AVERAGING: 3817 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 16TRADING DAY(S) IN TONNES 199 .84 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2022, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 199.84/3550 x 100% TONNES 5.63% OF GLOBAL ANNUAL PRODUCTION
SEPT 142.12 TONNES FINAL ISSUANCE ( LOW ISSUANCE)_
OCT: 141.13 TONNES FINAL ISSUANCE (LOW ISSUANCE)
NOV: 312.46 TONNES FINAL ISSUANCE//NEW RECORD!! (INCREASING DRAMATICALLY)//SIGN OF REAL STRESS//SURPASSING THE MARCH 2021 RECORD OF 276.50 TONNES OF EFP
DEC. 175.62 TONNES//FINAL ISSUANCE//
TOTALS: 2,578.08 TONNES/2021
JAN:2022 247.25 TONNES //FINAL
FEB: 196.04 TONNES//FINAL
MARCH/2022: 409.30 TONNES //FINAL( THIS IS NOW A RECORD EFP ISSUANCE FOR MARCH AND FOR ANY MONTH.
APRIL: 169.55 TONNES (FINAL VERY LOW ISSUANCE MONTH)
MAY: 247.44 TONNES FINAL//
JUNE: 238.13 TONNES FINAL
JULY: 378.43 TONNES FINAL
AUGUST: 180.81 TONNES FINAL
SEPT. 193.16 TONNES FINAL
OCT: 177.57 TONNES FINAL ( MUCH SMALLER THAN LAST MONTH)
NOV. 223.98 TONNES//FINAL ( MUCH LARGER THAN PREVIOUS MONTHS//comex running out of physical)
DEC: 185.59 tonnes // FINAL
TOTAL: 2,847,25 TONNES/2022
JAN 2023: 228.49 TONNES FINAL//HUGE AMOUNT OF EFP’S ISSUED THIS MONTH!!
FEB: 151.61 TONNES/FINAL
MARCH: 280.09 TONNES/INITIAL (ANOTHER STRONG MONTH FOR EFP ISSUANCE)
APRIL: 197.42 TONNES
MAY: 236.67 TONNES (A VERY STRONG ISSUANCE FOR THIS MONTH)
JUNE: 172.667 TONNES (WEAKER ISSUANCE THIS MONTH)
JULY: 151.69 TONNES (WEAKER THAN LAST MONTH)
AUGUST: 195.28 TONNES (A STRONGER MONTH)//FINAL
SEPT: 254.709 TONNES (WILL BE LARGER THAN LAST MONTH AND A STRONG MONTH)
OCT. 248.09 TONNES. LIKE SILVER, THIS MONTH IS GOING TO BE A STRONG E.F.P. ISSUANCE.
NOV. 239.16 TONNES//WILL BE STRONG THIS MONTH,
DEC. 213.704 TONNES. A STRONG MONTH//
TOTAL FOR YEAR 2023: 2,569.57 TONNES VS 2578 TONNES LAST YEAR
JAN ’24: 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: 199.84 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 ROSE BY A HUGE SIZED 1050 CONTRACTS OI TO 180,365 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 1375 CONTRACTS
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
MAY 1375 and ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 1375 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 1653 CONTRACTS AND ADD TO THE 1375 E.FP. ISSUED
WE OBTAIN A MEGA HUMONGOUS SIZED GAIN OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES OF 3028CONTRACTS
THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES TOTALS 12,125 MILLION OZ
c) Commentaries from: Egon von Greyerz///Matthew Piepenburg via GoldSwitzerland.com, Pam and Russ Martens
ii a) Chris Powell of GATA provides to us very important physical commentaries
b. Other gold/silver commentaries
c. Commodity commentaries//
d)/CRYPTOCURRENCIES/BITCOIN ETC
2.ASIAN AFFAIRS//
MONDAY MORNING/SUNDAY NIGHT
HANGHAI CLOSED DOWN 20,64 PTS OR 0.67% //Hang Seng CLOSED UP 287,55PTS OR 1.77% / Nikkei CLOSED UP 370.26 PTS OR 1.00% //Australia’s all ordinaries CLOSED UP1.08%///Chinese yuan (ONSHORE) closed DOWN 7.2432//OFFSHORE CHINESE YUAN CLOSED DOWN TO 7.2491 /Oil UP TO 83,05dollars per barrel for WTI and BRENT UP AT 86.87/ Stocks in Europe OPENED MOSTLY GREEN
// ONSHORE YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING WEAKER AGAINST US DOLLAR/OFFSHORE YUAN WEAKE
1. COMEX DATA//AMOUNTS STANDING//VOLUME OF TRADING/INVENTORY MOVEMENTS
GOLD
LET US BEGIN:
THE TOTAL COMEX GOLD OPEN INTEREST FELL BY A SMALL 93 CONTRACTS TO 520,391 WITH OUR STRONG GAIN IN PRICE OF $15.00 WITH RESPECT TO FRIDAY TRADING. WE HAD STRING 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 STRONG SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS.,
THAT IS A STRONG 7866 EFP CONTRACTS WERE ISSUED: : JUNE 7866 & ZERO FOR ALL OTHER MONTHS:
TOTAL EFP ISSUANCE: 7866 CONTRACTS
ON A NET BASIS IN OPEN INTEREST WE GAINED THE FOLLOWING TODAY ON OUR TWO EXCHANGES: A STRONG SIZED TOTAL OF 7773 CONTRACTS IN THAT 7866 LONGS WERE TRANSFERRED AS EXCHANGE FOR PHYSICALS TO LONDON AND WE HAD A SMALL LOSS OF 93 COMEX CONTRACTS..AND THIS STRONG GAIN ON OUR TWO EXCHANGES HAPPENED WITH OUR GOOD ADVANCE IN PRICE OF $15.00 FRIDAY COMEX. AS PER OUR NEWBIE TRADE AT SETTLEMENT (TAS) MANIPULATION OPERATION (WHICH CRAIG HEMKE HAS POINTED OUT HAPPENS DURING MID MONTH IN THE DELIVERY CYCLE), THE CME REPORTS THAT THE TOTAL T.A.S. ISSUANCE FOR FRIDAY NIGHT WAS A SMALL SIZED 976 CONTRACTS. WE HAD 0 EX FOR RISK ISSUANCE. MOST OF THE TRADING AND SUPPLY OF CONTRACTS ON FRIDAY WAS ORCHESTRATED BY GOVERNMENT (FEDERAL RESERVE BANK OF NEW YORK)
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 (50.640 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
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: 66.276TONNES (INCLUDES 1.723 TONNES EX. FOR RISK)
MARCH: 18.8398 TONNES + 1.1695 EX FOR RISK = 20.093 TONNES
APRIL: 2024: 50.640 TONNES
THE SPECS/HFT WERE UNSUCCESSFUL IN LOWERING GOLD’S PRICE( IT ROSE $15.00 //// AND WERE UNSUCCESSFUL IN KNOCKING ANY SPECULATOR LONGS AS WE HAD A STRONG SIZED GAIN OF7773 TOTAL CONTRACTS ON OUR TWO EXCHANGES WITHOUR GAIN IN PRICE 0F $15.00.
WE HAD A FAIR T.A.S. LIQUIDATION ON THE FRONT END OF FRIDAY’S TRADING ALONG. THE T.A.S. ISSUED ON FRIDAY NIGHT, WILL BE “PUT INTO THE BANK” TO BE USED AT A LATER DATE AT THE COLLUSIVE CHOOSING OF OUR BANKERS.
WE HAVE GAINED A TOTAL OI OF 2684 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 MAMMOTH QUEUE JUMP OF 8000 OZ (0.2488TONNES)//NEW STANDING; 50.640 TONNES
NEW STANDING: 50.640TONNES
ALL OF THIS WAS ACCOMPLISHED WITH OUR GAIN IN PRICE TO THE TUNE OF $15.00
WE HAD REMOVED 876 CONTRACTS TO THE COMEX TRADES TO OPEN INTEREST (CROOKS)
NET GAIN ON THE TWO EXCHANGES 7773 CONTRACTS OR 777,300 (24,17 TONNES)
Total monthly oz gold served (contracts) so far this month
16,180 notices 1,618,000 oz 50.326 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 675.171oz 20 kilobars
total customer withdrawal: 675,171oz
we had total deposit of nil oz
NIL
Adjustments: 0
CALCULATIONS FOR THE AMOUNT OF GOLD STANDING FOR APRIL.
For the front month of APRIL we have an oi of 171 contracts having LOST 41 contracts. We had 121 contracts served on FRIDAY, so we GAINED 80 contracts or an additional 8000oz (0.2488 tonnes) will stand at the comex.
MAY LOST 41 CONTRACTS TO STAND AT 2283
JUNE DECREASED ITS OI BY 193 CONTRACTS DOWN TO 416,254 CONTRACTS.
We had 121 contracts filed for today representing 12,100 oz
Today, 0 notice(s) were issued from J.P.Morgan dealer and 0 notices were issued from their client or customer account. The total of all issuance by all participants equate to 70 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 0 notice(s) was (were) stopped (received) by J.P.Morgan//customer account
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 (16,180 x 100 oz ), to which we add the difference between the open interest for the front month of APRIL. (171 CONTRACTS) minus the number of notices served upon today (70)x 100 oz per contract( equals 1,628,1000 OZ OR 50.640 TONNES.
thus the INITIAL standings for gold for the APRIL. contract month: No of notices filed so far (16,180) x 100 oz + (171) {OI for the front month} minus the number of notices served upon today (70) x 100 oz which equals 1,628100 oz (50.640 TONNES)
TOTAL COMEX GOLD STANDING FOR APRIL: 50.640 TONNES WHICH IS HUGE FOR THIS ACTIVE DELIVERY MONTH IN THE CALENDAR.
TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD: 17,585,422.823OZ
TOTAL REGISTERED GOLD 7,521,055.666 (233,93 tonnes).
TOTAL OF ALL ELIGIBLE GOLD: 10,066,367.153OZ
REGISTERED GOLD THAT CAN BE SERVED UPON: 5,921,234 oz (REG GOLD- PLEDGED GOLD) 184.175 tonnes/dropping like a stone
END
SILVER/COMEX
APRIL 22
INITIAL
//2024// THE APRIL 2024 SILVER CONTRACT//INITIAL
Silver
Ounces
Withdrawals from Dealers Inventory
NIL oz
Withdrawals from Customer Inventory
1,061,408.000oz Brinks ASAHI
.
Deposits to the Dealer Inventory
nil OZ
Deposits to the Customer Inventory
21,128,209.00oz CNT
No of oz served today (contracts)
1 CONTRACT(S) (5,000 OZ)
No of oz to be served (notices)
11 contracts (55,000 oz)
Total monthly oz silver served (contracts)
1626 Contracts (8,130,000oz)
Total accumulative withdrawal of silver from the Dealers inventory this month
NIL oz
Total accumulative withdrawal of silver from the Customer inventory this month
i) 0 dealer deposit
total dealer deposit :nil oz
i) We had 0 dealer withdrawal
total dealer withdrawals: 0 oz
We had 2 deposits customer account:
i) Into Brinks 452,563.100 oz
ii) Into ASAHI 608,844.900 oz
total customer deposits 1,061,408.000 oz
JPMorgan has a total silver weight: 130.1790 million oz/292.408million or 44.52%
adjustment: 0
Comex withdrawals: 1
ii) Out of CNT 21,128.209 oz
i
i
total withdrawal 21,128.9. oz
TOTAL REGISTERED SILVER: 47.196MILLION OZ//.TOTAL REG + ELIGIBLE. 291.378million oz
CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR DECEMBER:
silver open interest data:
FRONT MONTH OF APRIL /2023 OI: 12 CONTRACTS HAVING GAINED 1 CONTRACT(S).
WE HAD 0 CONTRACTS SERVED ON FRIDAY, SO WE GAINED 1 CONTRACTS OR ADDITIONAL 5,000 OZ WILL STAND AT THE COMEX
.
MAY SAW A LOSS OF 5026 CONTRACTS UP TO 66,323
JUNE SAW A GAIN OF 93 CONTRACTS RISING TO 724
JULY SAW A GAIN OF 5620 CONTRACTS UP TO 89,634
TOTAL NUMBER OF NOTICES FILED FOR TODAY: 1 for 5,000 oz
confirmed volume Friday: 114,158
CONFIRMED volume; ON FRIDAY 114,158
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 1626x 5,000 oz = 8,130,000 oz
to which we add the difference between the open interest for the front month of APRIL (12) and the number of notices served upon today 1x (5000 oz) equals the number of ounces standing.
Thus the standings for silver for the APRIL/2024 contract month: 1626 (notices served so far) x 5000 oz + OI for the front month of APRIL. (12– number of notices served upon today (1)x 500 oz of silver standing for the APRIL contract month equates to 8.185 MILLION OZ.
New total standing: 8.185 million oz.
There are 47.196 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 22 WITH GOLD DOWN $59.90 TODAY; NO CHANGES IN GOLD INVENTORY AT THE GLD / INVENTORY RISES AT 831.91 TONNES
APRIL 19 WITH GOLD UP $15.00 TODAY; HUGE CHANGES IN GOLD INVENTORY AT THE GLD //A MASSIVE DEPOSIT OF 4.32 TONNES OF GOLD INTO THE GLD/ INVENTORY RISES AT 831.91 TONNES
APRIL 18 WITH GOLD UP $11.30 TODAY; HUGE CHANGES IN GOLD INVENTORY AT THE GLD //A MASSIVE WITHDRAWAL OF 2.59 TONNES OF GOLD INTO THE GLD/ INVENTORY FALLS AT 827.59 TONNES
APRIL 17 WITH GOLD DOWN $17.60 TODAY; HUGE CHANGES IN GOLD INVENTORY AT THE GLD //A MASSIVE DEPOSIT OF 1,73 TONNES OF GOLD INTO THE GLD/ INVENTORY RISES AT 830;18 TONNES
APRIL 16 WITH GOLD UP $23.10 TODAY; HUGE CHANGES IN GOLD INVENTORY AT THE GLD //A MASSIVE DEPOSIT OF 1,73 TONNES OF GOLD INTO THE GLD/ INVENTORY RISES AT 828.45 TONNES
APRIL 15 WITH GOLD UP $9.30 TODAY; HUGE CHANGES IN GOLD INVENTORY AT THE GLD //A MASSIVE WITHDRAWAL OF 4.03 TONNES OF GOLD INTO THE GLD/ INVENTORY FALLS AT 826.72 TONNES
APRIL 12 WITH GOLD UP $2.80 TODAY; HUGE CHANGES IN GOLD INVENTORY AT THE GLD //A DEPOSIT OF 2.29 TONNES OF GOLD INTO THE GLD/ INVENTORY RISESS AT 830.75 TONNES
APRIL 11 WITH GOLD UP $25.30 TODAY; HUGE CHANGES IN GOLD INVENTORY AT THE GLD //A WITHDRAWAL OF 0.25 TONNES OF GOLD INTO THE GLD/ INVENTORY FALLSS AT 828.46 TONNES
APRIL 10 WITH GOLD DOWN $14.60 TODAY; HUGE CHANGES IN GOLD INVENTORY AT THE GLD //A DEPOSIT OF 0.86 TONNES OF GOLD INTO THE GLD/ INVENTORY RISES AT 828.71 TONNES
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
GLD INVENTORY: 831.91 TONNES,
Now the SLV Inventory/( vehicle is a fraud as there is no physical metal behind them
APRIL 22/WITH SILVER DOWN $1.51 TODAY: HUGE CHANGES IN SILVER INVENTORY AT THE SLV A MASSIVE WITHDRAWAL OF 2.194 MILLION OF SILVER FROM THE SLV// :SLV INVENTORY RESTS AT 416.376 MILLION OZ
APRIL 19/WITH SILVER UP 42 CENTS TODAY: HUGE CHANGES IN SILVER INVENTORY AT THE SLV A MASSIVE WITHDRAWAL OF 3.657 MILLION OF SILVER FROM THE SLV// :SLV INVENTORY RESTS AT 418.570 MILLION OZ
APRIL 18/WITH SILVER DOWN $.04TODAY: HUGE CHANGES IN SILVER INVENTORY AT THE SLV A MASSIVE WITHDRAWAL OF 3.977 MILLION OF SILVER FROM THE SLV// :SLV INVENTORY RESTS AT 422.227 MILLION OZ
APRIL 17/WITH SILVER UP $0.10 TODAY: HUGE CHANGES IN SILVER INVENTORY AT THE SLV A MASSIVE WITHDRAWAL OF .868 MILLION OF SILVER FROM THE SLV// :SLV INVENTORY RESTS AT 426/204 MILLION OZ
APRIL 16/WITH SILVER DOWN $0.46 TODAY: HUGE CHANGES IN SILVER INVENTORY AT THE SLV A MASSIVE WITHDRAWAL OF NON EXISTENT SILVER// :SLV INVENTORY RESTS AT 427.072 MILLION OZ
APRIL 15/WITH SILVER UP $0.46 TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV :SLV INVENTORY RESTS AT 433.929 MILLION OZ
APRIL 12/WITH SILVER UP $0.10 TODAY: HUGE CHANGES IN SILVER INVENTORY AT THE SLV A MASSIVE WITHDRAWAL OF 4.069 MILLION OZ FROM THE SLV :SLV INVENTORY RESTS AT 433.929 MILLION OZ
APRIL 11/WITH SILVER UP $0.23 TODAY: STRANGE INDEED! HUGE CHANGES IN SILVER INVENTORY AT THE SLV A MASSIVE WITHDRAWAL OF 3.931 MILLION OZ :SLV INVENTORY RESTS AT 437.998 MILLION OZ
APRIL 10/WITH SILVER UP $0.04 TODAY: NO CHANGES IN SILVER INVENTORY AT THE SLV:SLV INVENTORY RESTS AT 441.929 MILLION OZ
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
CLOSING INVENTORY 416.376MILLION OZ//
PHYSICAL GOLD/SILVER COMMENTARIES
PETER SCHIFF/SCHIFFGOLD/MIKE MAHARRAY
END
2.Commentaries from: Egon von Greyerz///Matthew Piepenburg via GoldSwitzerland.com, Pam and Russ Martens/…
END
3. CHRIS POWELL//
Wising up to ‘paper gold,’ the world grabs for the real thing, Maguire says
Submitted by admin on Sat, 2024-04-20 11:54 Section: Daily Dispatches
11:59a ET Saturday, April 20, 2024
Dear Friend of GATA and Gold:
London monetary metals trader Andrew Maguire, speaking with the TF Metals Report’s Craig Hemke on Kinesis Money’s “Live from the Vault” program this week, says the conversion of Comex “paper gold” into physical gold is causing so much offtake of real metal that the U.S. Federal Reserve soon will be forced to stop using “paper gold” sales for price suppression.
Among Maguire’s assertions:
— The Fed’s longstanding gold price suppression tactics have become “far too obvious.”
— The “Basel 3” banking protocols of the Bank for International Settlements, which designate gold as a “Tier 1” asset, equivalent to U.S. government bonds, has encouraged conversion of gold derivatives into real metal.
— The U.S. government’s heavy use of economic sanctions and its restrictions on the SWIFT international money transfer system also have hastened de-dollarization and the rush of governments into gold.
— The Fed impugned itself and gave a big clue about the sovereign rush into gold by refusing to answer the recent question from U.S. Rep. Alex X. Mooney, R-West Virginia, about repatriation of foreign gold from the Federal Reserve Bank of New York.
— The trillions of U.S. dollars held surreptitiously in China’s “shadow” banking reserve are being exchanged for gold, to reduce China’s potential exposure to more U.S. sanctions amid China’s effort to acquire Taiwan.
— These developments will hasten an official upward revaluation of gold in the West.
— Mainstream financial journalism and market analysts professed to be mystified by the sharp rally in gold because they ignore these developments and refuse to see the rally is physically driven.
Maguire’s conversation with Hemke is 45 minutes long and can be viewed at YouTube here:
CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. CPowell@GATA.org
END
‘Gold: The Real Thing’ draws on Sprott, Lassonde, Gromen, Naylor-Leyland, and Oliver
Submitted by admin on Fri, 2024-04-19 20:36 Section: Daily Dispatches
8:37p ET Friday, April 19, 2024
Dear Friend of GATA and Gold:
Simon Catt, executive director of Arlington Group Asset Management in London, this week put together an outstanding seminar on the monetary metals and their future, drawing on five luminaries in the sector:
— Mining entrepreneur Eric Sprott.
— Mining entrepreneur Pierre Lassonde.
— Market analyst and newsletter writer Luke Gromen.
— Jupiter Asset Management fund manager Ned Naylor-Leyland.
— And market analyst and newsletter writer Michael Oliver.
Their insights were excellent and they provided some fascinating speculation as well, as when Gromen wondered if, since both the United States and China seem to need to devalue their debt and their currencies, they might agree to arrange it through an upward revaluation of gold. Gold researcher Jan Nieuwenhuijs lately has been noting how European central banks already have in place a formal mechanism to do that sort of thing — “gold revaluation accounts.”
Catt’s seminar was titled “Gold: The Real Thing?,” and while it is 90 minutes long, it is time well spent. It can be viewed at YouTube here:
CHRIS POWELL, Secretary/Treasurer Gold Anti-Trust Action Committee Inc. CPowell@GATA.org
END
Lawmakers want to make China pay its trillion-dollar debt to Americans
Submitted by admin on Fri, 2024-04-19 20:18 Section: Daily Dispatches
By Andrew Hale The Hill, Washington Friday, April 19, 2024
It’s practically an international article of faith: Countries may not default on their sovereign debt. Yet China has done just that on $1 trillion it owes to U.S. bondholders.
Is there nothing we can do about it?
Finding members of Congress willing to talk tough isn’t hard.
Many resolutions and joint letters over decades have called for China to honor its debt to U.S. citizens. But too many members, their election coffers lined by Wall Street and other financial and business interests heavily exposed to China, leave it at that.
That makes the action of Sen. J.D. Vance, R-Ohio, all the more noteworthy. He recently introduced a bill to address the People’s Republic of China’s selective default on American bondholders of Chinese sovereign debt. …
With the AI boom and green energy push fueling fresh copper demand, and with copper mines aging and not enough projects to match demand with supply, the forecasted copper shortage has finally arrived in earnest.
Coupled with persistently high inflation in the US, EU, and elsewhere, I predict the industrial metal will surpass its 2022 top to reach a new all-time high this year:
Copper (in USD), 5-Year Graph:
Source: Bloomberg
The AI boom is stoking the need for more data centers, which will require around a million metric tons of copper by 2030. Meanwhile, this year’s deficit of 35,000 tons is expected to rocket up to a staggering 100,000 tons in 2025.
Electric car batteries and EV charging stations also depend on copper, adding to the problem of there not being enough activity at existing mines, or the development of new ones, to satisfy the industrial need. Says Bank of America analyst Michael Widmer:
“The much-discussed lack of mine projects is becoming an increasing issue for copper.”
While many mainstream forecasts depend on a solid economic rebound to keep demand for copper up, inflation is here to stay, especially as the Fed is likely going to be forced to cut interest rates at some point this year. Even with just one 2024 rate cut instead of the three that markets originally expected, higher USD prices for copper and other commodities like gold are on the way. Out-of-control inflation will drive prices higher even if the oomph gets sucked out of the AI bubble, or we see other signs of an economic “hard landing.” As Peter Schiff said last month,
“I think we’re on the verge of the biggest bull market in commodities since the 1970s…They’re cutting rates because they have to avoid a financial crisis — a banking crisis.”
Chile, which has the most copper reserves, is struggling with rising costs and aging mines. China is the world’s largest consumer and producer, so an economic crisis hampering production there would push prices higher as well. Meanwhile, China’s already-planned production cuts provide further upward pressure. Combined with their dominance in rare earth production and processing, green tech devotees are panicking that the regime could put a dent in the meteoric rise of AI as well as the West’s “green energy revolution.” But whether due to a continued AI boom or production cuts, copper’s price will rise.
Meanwhile, to avoid tariffs and sanctions imposed after Russia’s invasion of Ukraine, China is importing Russian copper disguised as scrap, muddying the waters on global supply and cutting out Western and US dollar influence. This particular revelation arose as a result of discrepancies between Chinese and Russian customs data, with China reporting a hockey-stick-shaped increase in scrap trading between the two countries that isn’t corroborated by Russian reporting:
Russia and China trade new copper disguised as scrap to skirt taxes, sanctions Russian Copper Company (RCC) and Chinese firms have avoided taxes and skirted the impact of Western sanctions by trading in new copper wire rod disguised as scrap, three sources familiar with the matter told Reuters. Copper wire rod was shredded in the remote Xinjiang Uyghur region by an intermediary to make it hard to distinguish from scrap, the sources said, allowing both exporters and importers to profit from differences in tariffs applied to scrap and new metal, the sources said. (Reuters)
·
33.1K Views
As copper rises, so will copper theft, adding a further destabilizing element to the functioning of essential infrastructure and the broader economy. With supply already pushed thin, the increased attractiveness of this low-hanging fruit for petty thieves (and unscrupulous insiders at copper producers) will only make the problem worse.
While some still believe the current rise in copper is mostly due to pure speculation, the majority of analysts now see the writing on the wall with copper supply and demand. As Goldman Sachs said at the recent Cesco Week symposium, an annual meeting of minds in the copper industry, the price of copper is currently: “(in the) foothills of what will be its Everest over the next three to five years.”
end
Watch for the yen to falter while the dollar strengthens against it. Then interest rates rise in Japan.
Decades of negative interest rate policy in Japan have ended.
That could mean the end of the $20 trillion “yen carry trade,” once one of the most popular trades on foreign exchange markets, and a chain reaction in the global economy.
The yen carry trade is when investors borrow yen to buy assets denominated in higher-yielding foreign currencies, like the USD, where interest rates are higher.
Even now that the BoJ is hiking rates, interest rates in Japan are still low, and will remain as such – the economy can’t handle too high of an uptick too fast after becoming dependent on NIRP. But the moment rates were raised above zero, the yen carry trade instantly became a far riskier gamble.
The yen has recently weakened against the dollar, keeping the carry trade attractive for now.
But if the BoJ starts dumping US Treasurys, sending yields up, and sacrificing stocks, a vicious cycle begins where the dollar strengthens against the yen to the point of the yen becoming practically worthless.
USD vs Yen, March 18 – April 17
Source: Bloomberg
Of course, it’s all relative. The yen is weak against the dollar, but with rampant inflation, the dollar is losing value too — just not as fast. When the media tells you the dollar is currently strong, what they’re really saying is that it’s strong compared to even weaker currencies. As Peter Schiff said on his podcast earlier this week:
“Part of what’s masking this problem is the relative strength of the dollar. And I say ‘relative’ because the dollar is actually weak. Gold tells you what’s actually happening: gold today hit a new all-time record high in every single currency…gold tells you the dollar is down. What the rising dollar index tells you in an environment of a rising gold price is that the dollar is losing value.”
As it is, foreign exchange markets make traders money without adding any real value. With a global monetary standard where each country’s currency is pegged to the price of gold, there wouldn’t be the same opportunity to trade on the short-term fluctuations across different currencies, the supply and borrowing cost of each one determined by a central authority. Foreign exchange markets could still exist, but their appeal would be drastically diminished.
Since they essentially allow traders to harvest profits without investing in or creating anything of actual material value, one is left wondering if all that capital would end up flowing into more productive ventures. Carry trades also rely on leveraged bets, which when they blow up, blow up hard.
Speaking of blowing up, the conflict in the Middle East just keeps getting worse, with a standoff between Iran and Israel threatening to go nuclear (perhaps literally) and drag in more foreign intervention. If oil spikes too hard against the yen, and the BoJ panics to save it, it could lead to a global margin call that begins a domino effect of imploding stock prices and a widespread economic collapse.
The BoJ has to let bond yields rise to counteract the weakening yen, bringing investors back to buying Japanese debt and pushing up bond yields in the US and EU. That means higher interest payments in the US and EU in the short term, which can only be paid with more borrowed money, creating a vicious feedback loop that stands to reveal the fundamental insolvency of major national economies.
Every action has an equal and opposite reaction — but when you’re leveraged to the gills, that reaction isn’t equal, it’s drastically magnified. Enough traders overcompensating at once can have disastrous effects in any market, but even more so when they’re trading with massive leverage.
With rate cuts still on the table (for now) in the US this year, the viability of the yen carry trade will be further eroded, narrowing the gap between interest rates on the two currencies.
The yen is becoming more volatile, and choppy Forex markets make carry trades risky since they rely on a predictable gap on the value and cost of borrowing between currencies.
1.YOUR EARLY CURRENCY VALUES/GOLD AND SILVER PRICING/ASIAN AND EUROPEAN BOURSE MOVEMENTS/AND INTEREST RATE SETTINGS MONDAY MORNING.7:30 AM
ONSHORE YUAN: CLOSED DOWN 7.2432
OFFSHORE YUAN: UP TO 7.2491
SHANGHAI CLOSED DOWN 20,64PTS OR 0.67%
HANG SENG CLOSED UP 287.55 PTS OR 1.77%
2. Nikkei closed UP 370.26OR .1.00%
3. Europe stocks SO FAR: ALL MOSTLY GREEN
USA dollar INDEX UP TO 106.03 EURO FALL TO 1.0650 DOWN 5 BASIS PTS
3b Japan 10 YR bond yield: RISWS TO. +.880Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 154.75 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 DOWN /JAPANESE Yen DOWN CHINESE ONSHORE YUAN:DOWN/ OFFSHORE: DOWN
3f Japan is to buy INFINITE TRILLION YEN worth of BONDS. Japan’s GDP equals 5 trillion USA
Japan to buy 100% of all new Japanese debt and NOW they will have OVER 50% of all Japanese debt.
3g Oil UP for WTI and UP FOR Brent this morning
3h European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund YIELD UP TO +2.5430***/Italian 10 Yr bond yield UP to 3.907 /SPAIN 10 YR BOND YIELD UP TO 3.330**
3i Greek 10 year bond yield UP TO 3.495
3j Gold at $2343.50 silver at: 27.53 1 am est) SILVER NEXT RESISTANCE LEVEL AT $34.40//AFTER 28.40
3k USA vs Russian rouble;// Russian rouble UP 0 AND 13 /100 roubles/dollar; ROUBLE AT 93.28//
3m oil into the 83 dollar handle for WTI and 86 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 154.375/ 10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 0.880% 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 0.9115 as the Swiss Franc is still rising against most currencies. Euro vs SF: 0.9708 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: 4.657 UP 4 BASIS PTS…
USA 30 YR BOND YIELD: 4.749 UP 4BASIS PTS/
USA 2 YR BOND YIELD: 4.997UP 3 BASIS PTS
USA DOLLAR VS TURKISH LIRA: 32.52…(TURKEY SET TO BLOW UP FINANCIALLY)
GREAT BRITAIN/10 YEAR YIELD: UP 6 BASIS PTS AT 4.2910
end
2.a Overnight: Newsquawk and Zero hedge
Futures Rebound As Geopolitical Fears Fade, Fed Enters Blackout Period
MONDAY, APR 22, 2024 – 08:10 AM
US equity futures rose, putting the S&P on pace for its first gain after 6 straight days of losses, as focus shifted from Middle East tensions to a raft of company earnings this week, including four of the Mag7 tech megacaps which got hammered last week. At 7:40am, S&P emini futures gained about 0.5% after the index recorded its worst week since March 2023; Nasdaq futures were 0.6% higher while Europe was green across the board. Demand for havens eased as traders took comfort from the absence of further escalation from Iran following Israel’s retaliatory strike. A Bloomberg dollar index was steady as geopolitical tensions eased and the Fed entered a blackout period before its May 1 policy decision, while the yield on 10-year US Treasury yields rose three basis points. Oil reversed an earlier slide while gold dropped around 1.4% as demand for haven assets fades.
In premarket trading, Nvidia rebounded almost 3% after the artificial intelligence favorite shed nearly $212 billion of its market capitalization in Friday’s broad tech selloff. Salesforce rose 3.6% after Bloomberg reported that takeover talks with Informatica have cooled. Retail wireless provider Verizon advanced after an earnings beat. On the downside, Tesla, which is set to report earnings on Tuesday, dropped 3% as the automaker’s decision over the weekend to slash prices across its range in China risks sparking another round in the nation’s bruising electric-vehicle price war. Here are some other notable premarket movers:
Crypto-linked companies rise as Bitcoin’s quadrennial halving completed late on April 19. Bitcoin advocates expect the halving to be a positive catalyst, with the cryptocurrency on the rise for three consecutive days, and currently at $66,044.35. Coinbase (COIN) +2%, Riot Platforms (RIOT) +5%, Marathon Digital (MARA) +4%
Informatica (INFA) slips 6% after Salesforce’s takeover talks with the data-management company were said to have cooled, with the parties struggling to agree to terms. Meanwhile, Salesforce (CRM) rises 3%.
Verizon Communications (VZ) rises 2% after beating analysts’ estimates for profit while boosting wireless service revenue.
Even though a military base in Syria belonging to a US-led coalition came under rocket-fire late on Sunday, in the first attacks against US bases in the Middle East since early February, the lack of further escalation between Isreal and Iran eased fears about military conflict in the Middle East accelerating.
“We are seeing a relief rally underway this morning as geopolitical risks subside,” said Kyle Rodda, a senior market analyst at Capital.com in Melbourne. “The move basically squares the ledger now and allows the markets to go back to focus on macroeconomic and corporate fundamentals.”
Robust earnings from corporate America are expected to pull the S&P 500 Index out of its latest morass, despite rising concerns about a significant jump in bond yields, according to Bloomberg’s latest Markets Live Pulse survey. Nearly two-thirds of 409 respondents said they expect earnings to give the US equity benchmark a boost. That’s the highest vote of confidence for corporate profits since the poll began asking the question in October 2022.
Profits for the seven biggest growth companies in the S&P 500 — Apple, Microsoft, Alphabet, Amazon.com Inc., Nvidia Corp., Meta and Tesla — are on course to surge 38% in the first quarter, according to Bloomberg Intelligence. When excluding them, the rest of the benchmark index’s profits are anticipated to shrink by 3.9%.
Traders are also recalibrating their positions after a solid run of US data forced the Fed to reset the clock on its first interest rate cut. Data prints later in the week are likely to help finesse policy bets, with both US growth and the Fed’s preferred measure of inflation due.
In Europe, the Stoxx Europe 600 gained about 0.4%, recovering some of last week’s slide as retail and personal care sectors leading gains, while automobiles & parts as well as utilities shares are the biggest laggards. Prosus NV shares jumped as much as 5% as Tencent, in which it is a major shareholder, rallied after nailing down an earlier-than-anticipated debut of one of the year’s most eagerly-awaited mobile games. Among other individual movers, Galp Energia SGPS SA surged as much as 19% after the Portuguese oil company provided an update on a commercial oil find off the coast of Namibia. Sandoz Group AG climbed more than 4% to a record after the Swiss pharma company confirmed the European Commission’s approval of its Pyzchiva psoriasis drug. Here are the biggest movers Monday:
Galp Energia’s shares jumped as much as 21% after the Portuguese oil company said a well test “potentially” indicates Mopane could be an important commercial find in Namibia
Embracer shares soar as much as 18%, the most since February 2020, after CEO Lars Wingefors unveiled a plan for the Swedish gaming group to split into three listed companies to unlock potential
Telefonica shares gain as much as 1.6% after JPMorgan resumes coverage with a neutral rating, ending a long-standing underweight call
Royal Unibrew shares rise as much as 4.1%, adding to last week’s jump, with trading volume almost quadruple the 20-day average for this time of day
Sandoz shares soar as much as 4.4% and hit a record after the Swiss pharma company confirms the European Commission’s approval of Pyzchiva, a biosimilar value driver for the company, according to Vontobel
Alstom shares gain as much as 6.7% as analysts cheer the sale of the Signaling North America businesss as a “key step” in debt reduction
Tyman gains as much as 30% to 385p after Quanex bid at about 400p/share, in a deal seen as attractive by Jefferies
Dr. Martens shares advance as much as 8.7%, the biggest intraday gain since January 25, after the Mail on Sunday reported that the bootmaker had attracted takeover interest
RWE shares slide as much as 1.4% after New York ended contract negotiations with three offshore wind developers, including one co-developed by a RWE unit, because the companies couldn’t reach agreements on terms
Mobico Group shares fall as much as 6.8% after the bus and rail company’s earnings came in lower than hoped, despite having reset expectations less than a month ago
Earlier in the session, Asian stocks rose, with gains in Hong Kong on Beijing’s latest market support measures helping offset declines in tech hardware shares. The MSCI Asia Pacific Index climbed as much as 1.1%, with Tencent and Alibaba among the biggest boosts. Hong Kong’s benchmark Hang Seng Index jumped 1.8%, with notable gains also seen in Japan, Australia and South Korea. Chinese regulators announced five measures to optimize stock connects and bolster Hong Kong’s position as a financial hub. That helped improve sentiment along with the absence of further escalation in the conflict between Israel and Iran. Meanwhile, chip and AI shares declined after Nvidia’s biggest drop in four years drove US stocks lower Friday.
In FX, the Bloomberg Dollar Spot Index is flat while the antipodean currencies top the G-10 FX pile, rising 0.3% versus the greenback respectively. The Australian and New Zealand dollars climbed as fast-money funds continued short-covering that began in London on Friday, according to Asia-based FX traders. There could be temporary relief on the horizon from the recent volatility in currencies as there has already been “a considerable scaling back of Fed rate cut expectations,” according to Paul Mackel, global head of FX strategy at HSBC Holdings Plc. “It is hard to think Friday’s US PCE data will change this picture much,” he wrote in a note to clients.
In rates, Treasuries are slightly cheaper across the curve, following similar losses across European rates as demand for haven assets fades in the absence of major escalation in Middle East conflict. Meanwhile, investors are looking ahead to a heavy slate of Treasury and corporate new-issue supply this week. US long-end yields are higher by as much as 3.5bp on the day, with 2s10s and 5s30s spreads steeper by 2.4bp and 1.2bp as front-end outperforms; 10-year around 4.66% is 4bp cheaper on the day with bunds lagging by additional 1bp in the sector.
A hefty slate of Treasuries auctions will be a major test of whether yields have peaked for the year. Higher-than-expected interest rates amid persistent inflation are perceived as the biggest threat to financial stability among market participants and observers, the Fed said in its semiannual Financial Stability Report published Friday.
In commodities, Brent fell 0.6% to trade near $86.70 while spot gold falls 1.8% to around $2,342/oz. Treasuries dip as investors look ahead to a hefty slate of auctions. US 10-year yields rise 3bps to 4.65%. The Bloomberg Dollar Spot Index is flat while the antipodean currencies top the G-10 FX pile, rising 0.3% versus the greenback respectively. Bitcoin rises 2%.
Bitcoin climbs higher post-halving and now holds just above USD 66k; Ethereum also firmer and back at 3.2k.
Looking at today’s calendar, US economic data slate includes March Chicago Fed national activity index at 8:30am; ahead this week are April preliminary PMIs, March new home sales and durable goods orders, first estimate of 1Q GDP, and March personal income and spending (with PCE deflator). Fed members have entered quiet period ahead of May 1 policy announcement.
Market Snapshot
S&P 500 futures up 0.6% to 5,032.50
STOXX Europe 600 up 0.2% to 500.52
MXAP up 1.0% to 169.02
MXAPJ up 0.8% to 518.96
Nikkei up 1.0% to 37,438.61
Topix up 1.4% to 2,662.46
Hang Seng Index up 1.8% to 16,511.69
Shanghai Composite down 0.7% to 3,044.60
Sensex up 0.5% to 73,490.15
Australia S&P/ASX 200 up 1.1% to 7,649.16
Kospi up 1.4% to 2,629.44
German 10Y yield little changed at 2.52%
Euro little changed at $1.0653
Brent Futures down 1.5% to $85.99/bbl
Gold spot down 1.4% to $2,359.10
US Dollar Index little changed at 106.13
Top Overnight News
Blinken will travel to China on Apr 24-26 and plans to warn Beijing the US will take punitive steps unless weapons-related shipments to Russia are halted. FT
China’s state fund Central Huijin purchased ~$41B worth of stocks in Q1 as part of a government-coordinated campaign to bolster the country’s equities market. RTRS
SNB increases the minimum reserve requirement for banks from 2.5% to 4%, a move aimed at reducing the amount of money the central bank has to pay out to lenders. BBG
Israel had planned a much larger counterstrike against Iran last week, but dialed back the mission in part because of pressure from the US and other allies. NYT
Iran continues to significantly downplay the Israeli strike from Thurs night/Fri morning, the latest sign of Tehran’s desire to deescalate tensions in the region. WaPo
Paris apartment rental demand for the upcoming Olympics has been sluggish, disappointing owners hoping for a large boost around the games. FT
TSLA slashed prices on vehicles and FSD (full self-driving) software over the weekend as the company aims to bolster sales amid myriad pressures. BBG
The UAW scored a major win when workers at VW’s Tennessee factory voted to join the union (this is the first time a southern plant outside of GM/Ford/Chrysler has been organized), and the group is hoping for similar success at a Mercedes plant next month. NYT
Trump’s national lead over Biden head-to-head cut to two points in a new NBC poll, down from 5 points in Jan, and Biden actually pulls ahead by 2 points if Kennedy is included (as RFK Jr captures more from Trump than Biden). NBC News
A more detailed look at global markets courtesy of Newsquawk
APAC stocks were mostly positive following the lack of any major geopolitical escalations over the weekend. ASX 200 was underpinned amid gains in nearly all sectors and with the advances initially led by outperformance mining stocks as copper prices approached closer to the USD 10,000/ton level and with firm gains in South32 following its quarterly output update.Nikkei 225 gained but is well off intraday highs after the index briefly wiped out all its earlier spoils before recovering again with price action choppy after last Friday’s comments from BoJ Governor Ueda who suggested a hike is very likely if underlying inflation increases.Hang Seng and Shanghai Comp. were mixed in which the latter outperformed with strength in biopharma, tech and consumer stocks front-running the gains in the index. Conversely, the mainland lagged amid US-China frictions after the US House passed a bill that could lead to a total TikTok ban, while China’s benchmark Loan Prime Rates were maintained at their current levels, as expected.
Top Asian News
US Secretary of State Blinken will visit China on April 24th-26th to meet officials in Shanghai and Beijing, while Blinken will be joined by top State Department official for Asia Kritenbrink, top narcotics official Robinson and cyberspace and digital policy ambassador Fick. Furthermore, a US official said Blinken will express US intent to have China curtail its support for Russia’s defence industrial base and it was also stated that the US is prepared to take steps against firms acting against US interests, according to Reuters.
BoJ Governor Ueda said the BoJ will reduce JGB purchases at an unspecified time in the future but the extent of the reduction remains undetermined, while he reiterated to expect accommodative financial conditions to continue for the time being and that they need to take time to consider what to do with their ETF holdings. Ueda said the weighted average of medium and long-term inflation expectations indicates a rising trend but remains slightly below 2% and noted that raising interest rates is very likely if underlying inflation increases. Furthermore, he said the BoJ will proceed cautiously and is watching wages and will see the effect of possible wage increases on prices, especially service prices, while he added that they may change the short-term policy rate depending on the incoming data.
Earthquake has been felt in the Taiwanese capital of Taipei, according to witnesses cited by Reuters; reports suggest it could be a 4.2 magnitude earthquake.
European bourses are mixed, Stoxx 600 (+0.2%), having initially opened with a clear positive bias. In catalyst-thin trade, equities have ebbed lower, and off best levels, though generally hold a positive bias. European sectors are mostly positive; Retail is found at the top of the pile after Jefferies upgraded several Cos from within the sector. Autos are the clear underperformer, after Tesla (-3.2% pre-market) cut prices for some of its models, as such, European peers are suffering. US Equity Futures (ES +0.4%, NQ +0.5%, RTY +0.6%) are entirely in the green, with the NQ and ES attempting to pare back some of the hefty losses seen in the prior session. Elsewhere, UBS downgraded Apple (AAPL), Amazon (AMZN), Alphabet (GOOG), Meta (META), Microsoft (MSFT) and Nvidia (NVDA) to Neutral from Overweight
Top European News
UK government rejected an EU proposal to negotiate a post-Brexit deal to relax travel and allow young adults to move across the Channel more easily, according to Bloomberg.
UK Chancellor Hunt is reportedly considering lowering stamp duty in his final autumn statement before the general election, according to The Times; the threshold at which homebuyers pay stamp duty from GBP 250l to GBP 300k.
S&P affirmed Greece at BBB-/A-3; Outlook revised to Positive on ongoing debt stock reduction.
ECB governors reportedly fear that publishing rate forecasts, or Fed-style “dot plot”, would invite pressure from governments to gauge if the ECB was serving its domestic agenda, according to Reuters sources. A few governors are open to discussing the proposal at the next review due to start next year.
The Swiss National Bank is raising the minimum reserve requirement for domestic banks from 2.5% to 4%, and to this end is amending the National Bank Ordinance as of 1 July 2024; will not affect the current monetary policy stance.
FX
Mixed performance for the USD; softer vs. risk-sensitive peers but faring better vs. traditional havens. DXY has been able to hold above the 106 mark and stick within Friday’s 105.84-106.34 parameters.
EUR is flat vs. the USD with the pair pivoting around the 1.0650 mark and respecting Friday’s 1.0610-1.0677 range.
JPY is steady vs. the USD with comments from BoJ Governor Ueda overnight unable to help the Yen gain ground against the Dollar. As such, USD/JPY continues to eye the multi-year peak at 154.78.
Antipodeans are both firmer vs. the USD amid the more favourable risk environment. AUD/USD has gained a firmer footing above the 0.64 mark, advancing to a high of 0.6455 after printing a YTD low at 0.6362 on Friday.
SNB’s Jordan said it is very important that monetary policy remains geared towards price stability rather than being used to finance debt, otherwise it will not end well, while he added that structural reforms are needed to increase competitiveness so that growth can increase which is one of the biggest challenges, according to Reuters.
Fixed Income
USTs have been contained within a 107.25-17+ range, given the lack of geopolitical escalations over the weekend. From a yield perspective, 4.696% remains the recent peak for the US 10-year with a current level of circa 4.65%.
Bund price action has followed USTs; the benchmark hit a fresh YTD trough earlier in the session at 130.64, before scaling back losses. German 10-year yield now at levels not seen since last November, and eyes 2.55%.
Gilts are leading peers as the fallout from dovish comments by BoE Deputy Governor Ramsden continues to reverberate around the market with the central banker confident that inflation is returning to target; Gilts are trading on either side of 97.00 mark with a session high of 97.13 eclipsing Friday’s peak at 97.05.
Commodities
Crude is softer but off worst levels as a lack of major geopolitical escalations over the weekend unwinds geopolitical premium in the complex. Brent Jun’24 slipped from a USD 87.15/bbl high to a USD 85.79/bbl intraday trough before trimming overnight losses.
The geopolitical unwind is also reflected in precious metals prices amid a lack of escalation over the weekend; XAU declined from a USD 2,392/oz high to a USD 2,351.60/oz intraday low.
Mixed trade across base metals within relatively tight ranges, in fitting with the price action seen in the greenback.
UBS said it is targeting an increase in Brent to USD 91/bbl by mid-year; continues to see the oil market as being undersupplied.
Nornickel said the Co. plans to gain access to Chinese battery technology and produce them in Russia
Chile imposed temporary anti-dumping tariffs on Chinese steel products used in mining to support the local industry, according to Bloomberg.
Geopolitics: Middle East
“Another attack on US forces in the region in the last hours, now on Al Assad base in Iraq”, according to Walla News’ Elster.
Iran said nuclear weapons have no place in its nuclear doctrine.
An explosion at a military base in Iraq used by the pro-Iranian militant group Iraqi Mobilization Forces south of Baghdad killed one person and wounded eight people, while the explosion was said to have been caused by an unknown air attack although Iraq’s military reported there were no drones or fighter jets in the area, according to Reuters.
Five rockets were fired from the northern Iraqi town of Mosul towards a US military base inside of Syria, according to two security sources cited by Reuters. Furthermore, a US official said a coalition fighter destroyed a launcher in self-defence after reports of a failed rocket attack near the coalition base at Rumalyn, Syria.
Iran-backed Lebanese group Hezbollah said it downed a drone that was attacking locations in southern Lebanon. It was separately reported that Hezbollah targeted two buildings used by enemy soldiers in the settlement of Metula and achieved a direct hit.
Iran’s Supreme Leader Khamenei thanked the Revolutionary Guards for the April 13th attack on Israel and said the key issue is how Iran displayed its power in attacking Israel not how many missiles were launched or hit their target, while he called on Iranian armed forces to ceaselessly pursue military innovation and learn the ‘enemy’s tactics’, according to state media.
Iraqi Kataib Hezbollah announced a resumption of operations against US forces citing a lack of progress on US troop withdrawal during the Iraqi PM’s Washington visit.
US is expected to sanction an IDF unit for human rights violations in the West Bank, while Israeli Defence Minister Gallant spoke with US Secretary of State Blinken and urged the US to reconsider the decision to sanction the IDF, according to Axios.
US State Department said Secretary of State Blinken discussed with Israel’s Gantz the need for an immediate ceasefire in Gaza and the release of detainees, according to Reuters.
German Chancellor Scholz had a telephone call with Israeli PM Netanyahu and stressed the importance of avoiding escalation of regional hostilities, while Scholz explained the decision of the EU to impose further sanctions against Iran, according to Reuters.
Turkish President Erdogan discussed efforts to reach a ceasefire and deliver humanitarian aid to Gaza with Hamas leader Haniyeh during a meeting in Istanbul, according to Reuters.
Palestinian Authority President Abbas said they will reconsider bilateral relations with the US after its veto against the Palestinian bid for UN membership, according to Reuters.
Geopolitics: Other
US House passed a USD 95bln aid package for Ukraine, Israel and Taiwan, while the bills include legislation on TikTok that would force it to be sold or face a national ban in the US, according to Reuters.
Ukrainian President Zelensky US aid will send a signal that it will not be a second Afghanistan and that the US will stay with Ukraine, while he said Ukraine will have a chance for victory and needs long-range weapons not to lose people on the front line. Furthermore, he responded that Ukraine is preparing when asked about a possible major offensive by Russia, according to Reuters.
Ukraine sources said a large-scale drone attack was conducted against Russia which targeted energy facilities that support Russian military-industrial production in which at least three power substations and a fuel depot were hit in the attack, according to Reuters.
Kremlin spokesman Peskov said the House passage of the Ukraine bill will make the US richer and further ruin Ukraine, resulting in more deaths, while he added the bill’s provision on confiscation of Russian assets will tarnish the image of the US and that Russia will take measures in response, according to Reuters.
Russian Foreign Ministry said the US is using Ukrainians as cannon fodder and is fighting a hybrid war against Russia, while it added that deeper US immersion in a hybrid war against Russia will turn into a fiasco like its wars in Vietnam or Afghanistan, according to Reuters. In relevant news, the Russian Defence Ministry said Russia took full control over Bohdanivka in the Donetsk region, according to IFAX.
China’s Foreign Ministry said any attempt to provoke camp confrontation in the South Pacific region does not serve the urgent needs of South Pacific island countries and the region should not become an arena for a major power rivalry, according to Reuters.
North Korea said it conducted a test firing of missiles on Friday.
North Korea fired would could be a ballistic missile on Monday, via Japanese Government; missile flew towards the sea off the East coast, according to South Korean military; missile believed to have fallen outside of Japan’s Exclusive Economic Zone (EEZ).
Poland is “ready” to have nuclear weapons on its territory, according to the President cited by AFP. Russia’s Kremlin on reports Poland is ready to host US nuclear weapons, said “our military will analyst this and take the necessary steps”.
US Event Calendar
08:30: March Chicago Fed Nat Activity Index, est. 0.09, prior 0.05
DB’s Jim Reid concludes the overnight wrap
It’s a bit of a messy picture for markets at the moment with huge uncertainty around events in the Middle East, US tech seeing its biggest sell-off for around 18 months, and with yields climbing as rate cuts gets increasingly pushed out. The lack of further escalations in tensions over the weekend in the Iran and Israel situation is helping Asia get off to a better start this morning though.
In terms of this week, we’ll have to wait for Friday for the main macro event namely the US core PCE print within the income and spending report. Our economists expect the core PCE deflator to come in at +0.30% vs. +0.26% last month. This would drop the YoY rate to 2.7% but within a whisker of rounding up to 2.8%, a level that both Chair Powell and Vice Chair Jefferson suggested that the Fed staff’s estimate had pencilled in.
In equity markets all eyes will be on earnings with a whopping 178 of the S&P 500 reporting including four of the Magnificent Seven namely Tesla (after Tuesday’s close), Microsoft, Alphabet (Thursday) and Meta (Wednesday). The final three are the 1st, 4th and 6th largest S&P 500 firms by market cap and make up nearly 14% of its market cap. Tesla is down -41% YTD and under a lot of pressure so it’s an important release for them. This all comes off the back of the worst week for the S&P 500 (-3.05%) since the US regional banking stress last March, and the worst week for the Nasdaq 100 (-5.36%) and the Magnificent Seven (-7.73%) since November 2022. A -3.47% decline on Friday marked a sixth day of consecutive losses for the Mag-7.
With three consecutive weeks of losses, the longest such streak since last September, the S&P 500 is now -5.5% from its recent peak. The VIX volatility index rose +1.4 points (and +0.7 points on Friday) to 18.71, to its highest weekly close since last October.
Nvidia (which doesn’t report for another month) fell exactly -10% on Friday (-13.59% on the week), contributing around half of the -0.88% loss in the S&P 500 on Friday, and is now down -25% from its highs on 25 March. One catalyst appeared to be their hardware partner Super Micro Computer announcing its earnings date (April 30th) but without preliminary guidance as they have previously tended to do. They fell -23.1%. Everything else related to chips and AI also got stung with Advanced Micro Devices dropping -5.4%, and Arm Holdings -16.9% to 87.19 as examples. By contrast, the Dow Jones index was largely resilient last week, up +0.56% on Friday and flat (+0.01%) over the week. The Europe STOXX 600 also suffered in the risk-off environment but outperformed the tech heavy US market, falling -1.18% (and -0.08% on Friday).
Bonds did not benefit much from the risk-off tone, as markets became more sceptical about US rate cuts. Investors dialled back the number of rate cuts expected by year-end by +7.6bps to 39bps (+0.2bps on Friday). Off the back of this, 2yr Treasury yields jumped +8.8bps last week (unchanged on Friday). The story was similar for 10yr Treasury yields, which rose +9.9bps on the week to 4.62%, though they fell -1.2bps on Friday as markets sought haven assets. In Asia this morning they are back up +3.9bps to 4.66%. In Europe, 10yr bund yields were up +14.1bps on the week (+0.3bps on Friday), reaching the 2.50% level for the first time since November.
In commodities, oil prices initially surged following the news of a retaliatory Israeli missile strike against Iran on Friday, before unwinding most of the gains as details emerged suggesting no further imminent escalation. Brent crude fell -3.49% last week to $87.29/bbl (+0.21% on Friday), and WTI slipped -2.94% to $83.14/bbl (and +0.50% on Friday), also weighed down by stronger US crude inventories data earlier in the week. This morning in Asia, Brent futures are lower again, trading -0.62% as I type.
On the other hand, gold continued its ascent to another record high, rising +2.03% to $2392/oz (and +0.16% on Friday). It’s losing a bit of safe haven demand this morning though (-0.9%). Ahead of its major halving event on Saturday, Bitcoin rose +0.72% to $64,034 on Friday after a volatile week. It is up at $64,800 this morning. For more detail on the halving, see here.
In Asia the Hang Seng (+1.67%) is outperforming following a regulatory boost as China’s market regulator pledged support to bolster Hong Kong’s status as a financial hub. Elsewhere, the S&P/ASX 200 (+0.87%), the KOSPI (+0.77%) and the Nikkei (+0.72%) are also edging higher. Meanwhile, Chinese stocks are bucking the trend (down around a quarter to a half percent), after the People’s Bank of China (PBoC) kept the loan prime rates steady. Outside of Asia, S&P 500 (+0.26%) and NASDAQ 100 (+0.36%) futures are trading higher.
Overnight, French central bank chief Francois Villeroy de Galhau stated in an interview that Middle East tension are unlikely to drive up energy prices and should not derail the ECB plans to start cutting interest rates in June.
Coming back to this week, the other main highlights by day are the global flash PMIs and US new home sales tomorrow, US durable goods and the German IFO (Wednesday), and US GDP and pending home sales (Thursday). Alongside the core US PCE print, Friday also sees the latest BoJ meeting and Tokyo CPI. Our Japan economist previews the BoJ here and expects no change in their monetary policy stance. However, he forecasts that the BoJ will remove its JGB purchasing guidelines from its statement or revise them to make its purchasing operations more flexible. He also sees the central bank raising its inflation forecast for FY24 amid the strong wage growth data already available as of the March meeting. Elsewhere, the Fed is now on its pre-FOMC media blackout but the ECB speakers will be in full force as you’ll see in the week ahead calendar at the end, alongside all the main earnings and macro highlights. 112 Stoxx 600 companies will report this week alongside the 178 for the S&P 500 we mentioned above.
2 B) NOW NEWSQUAWK (EUROPE/REPORT)
Equities firmer and Antipodeans benefit from the positive risk appetite, Crude softer but off worst levels; ECB’s Lagarde due – Newsquawk US Market Open
MONDAY, APR 22, 2024 – 05:55 AM
European bourses trade mixed; Stateside futures are entirely in the green; US “Big 6” downgraded at UBS
Dollar is flat, Antipodeans benefit from positive risk appetite, whilst safe-havens are modestly suffer
Bonds are pressured and contained within a tight range
Crude is subdued given the lack of geopolitical escalation over the weekend; XAU is softer and at session lows
Looking ahead, BoC’s Market Participants Survey, Comments from ECB’s Lagarde, Supply from the US, Earnings from SAP, Renault, Verizon & Cleveland-Cliffs
SHANGHAI CLOSED DOWN 20,64 PTS OR 0.67% //Hang Seng CLOSED UP 287,55PTS OR 1.77% / Nikkei CLOSED UP 370.26 PTS OR 1.00% //Australia’s all ordinaries CLOSED UP1.08%///Chinese yuan (ONSHORE) closed DOWN 7.2432//OFFSHORE CHINESE YUAN CLOSED DOWN TO 7.2491 /Oil UP TO 83,05dollars per barrel for WTI and BRENT UP AT 86.87/ Stocks in Europe OPENED MOSTLY GREEN
// 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
CHINA/
4.EUROPEAN AFFAIRS//UK /SCANDINAVIAN AFFAIRS
ITALY
Desperate To Do Whatever It Takes, Unlikely To Make Any Difference: A Dire Warning From Mario Draghi
MONDAY, APR 22, 2024 – 03:30 AM
By Eric Peters, CIO of One River Asset Management
“We’ve made very clear to China — and many other countries have as well — that they should not be supplying Russia with weapons for use in its aggression against Ukraine,” said Secretary of State Blinken after a meeting of G-7 foreign ministers.
“It’s allowing Russia to continue the aggression against Ukraine and it’s also helping Russia overall rebuild its defense forces and defense capacity,” he said, as America works to hold the West together, while it manages its slow inward turn, and each major economic block scrambles to secure itself, as the geopolitical gears grind onward, on a little planet that is tearing itself apart.
5. RUSSIA AND MIDDLE EASTERN AFFAIRS.
ISRAEL//IRAN/
END.
ISRAEL/IRAN
IRAN/
ISRAEL
US To Sanction Entire IDF Battalion Over Alleged Human Rights Abuses
SUNDAY, APR 21, 2024 – 11:05 AM Axios is reporting what marks an unexpected and unprecedented development in US-Israel relations: the Biden administration will in the coming days announce sanctions against an entire battalion of the Israel Defense Forces (IDF).
Three US officials told the outlet that US Secretary of State Antony Blinken will unveil the punitive measures against the IDF’s “Netzah Yehuda” battalion for its allegedly committing human rights abuses against Palestinians in the West Bank. It is an ultra orthodox brigade founded in 1999 in coordination with rabbis who sought to allow easier entry into the military of a religious community which typically rejects national service.
Soldiers of the Neztah Yehuda Battalion in training. Source: Flash90
The controversial battalion has also served in Gaza Strip operations, as well as in the north of Israel. The Times of Israel has highlighted, “The battalion has been at the center of several controversies in the past connected to right-wing extremism and violence against Palestinians, notably including the 2022 death of Omar As’ad, a 78-year-old Palestinian-American who died after being detained, handcuffed, blindfolded, and later abandoned in near-freezing conditions by soldiers of the battalion.”
Blinken on Friday appeared to confirm that the sanctions are imminent. “You can expect to see them in the days ahead,” Blinken said in response to a question about potential Leahy law violations. The 1997 law bans the possibility of US foreign aid or DOD training programs going to foreign entities found to have committed human rights abuses.
Prime Minister Benjamin Netanyahu immediately blasted the coming US move in a Saturday message on X, writing:
“The IDF must not be sanctioned!” he wrote on X. “I’ve been working in recent weeks against the sanctioning of Israeli citizens, including in my conversations with the American administration.”
“At a time when our soldiers are fighting terrorist monsters, the intention to issue sanctions against a unit in the IDF is the height of absurdity and a moral low,” he added, committing to fight the move.”
President Biden is under immense and growing pressure going into November, as many Democrats are increasingly outraged at the soaring civilian death toll and near daily headlines of atrocities among families in Gaza. Yet all along he’s resisted so much as attaching conditions to defense aid, and is reportedly even considering another $1BN+ weapons package for Tel Aviv.
According to Axios, “The sanctions will ban the battalion and its members from receiving any kind of U.S. military assistance or training, the sources said.”
Other controversial police or military units which have long been accused of human rights violations are said by the US administration to have lately changed their behavior, and so none others will target of the new sanctions, Axios notes. According to more background on the Netzah Yehuda battalion:
Over the years, the unit stationed in the West Bank became a destination for many “Hilltop Youth” — young radical right wing settlers who weren’t accepted into any other combat unit in the IDF.
On Friday the US slapped a new round of sanctions on Israel’s radical settler movement, this time targeting a pair of entities accused of fundraising for already sanctioned individuals.
“The Biden administration on Friday imposed sanctions on two entities accused of fundraising for extremist Israel settlers already sanctioned, as well as the founder of an organization whose members regularly assault Palestinians,” Associated Press reported Friday.
Violence in the West Bank is at a high point as Israeli forces have been conducting large-scale raids, also in the wake of the murder of 14-year-old Israeli Binyamin Achimair. This weekend, 14 Palestinians have been reported killed after an Israeli security raid on Nur Shams refugee camp in the West Bank.
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ISRAEL/HEZBOLLAH/LEBANON
Hezbollah fires 35 rockets as Passover starts in Israel, IDF strikes back
The strikes crossed into Israel in the area of Ein Zeitim, as well as in the city of Safed and a series of moshavs in northern Israel.
לפני זמן קצר מטוסי קרב של חיל האוויר תקפו תשתית טרור של ארגון הטרור חיזבאללה בדרום לבנון.
כמו כן, מוקדם יותר היום הותקפו שני מבנים צבאיים במרחבים ארזון ואל עדייסא, בהם פעלו מחבלי הארגון>> pic.twitter.com/QSLNA6Jzi8
After the Lebanon-based terror organization fired 35 rockets at Israel’s North on Monday, the IDF responded by striking at the sources of the launches, the military said.
The source of the strike was in the area of Arzoun in southern Lebanon.
The Hezbollah launches were identified as crossing into the area of Ein Zeitim in northern Israel. No casualties were reported.
At the time of the launches, rocket sirens sounded in northern Israeli cities, including Safed.
Shortly following the rocket sirens sounded, a slew of possible hostile aircraft intrusion sirens sounded in a number of other northern communities.
Hezbollah attack follows IDF strikes on the terror organization
The rocket fire from Lebanon follows strikes from IAF fighter jets, which earlier on Monday morning, struck two Hezbollah military structures in the areas of Arzoun and Odaisseh in southern Lebanon.
IDF soldiers operate in northern Israel as military says it remains on high alert ahead of Passover holiday, April 22, 2024. (Israel Defense Forces)
The Israeli military says it remains on high alert on all fronts amid the Passover holiday.
“Even during Passover, the IDF continues operational activity and full readiness in all arenas,” it says in a statement.
In the Gaza Strip, the military says the Nahal Infantry Brigade continues to operate in the Netzarim corridor, calling in airstrikes against Hamas operatives in the area over the past day.
In northern Israel, the IDF says it is deployed along the Lebanon and Syrian borders, with “strong defense and with readiness for attack.” The military says troops are carrying out ambushes, as well as locating and directing strikes on Hezbollah operatives and sites.
In the West Bank, IDF troops are deployed to protect settlements and highways. Overnight, troops detained 13 wanted Palestinians, the military says.
The IDF is currently operating in Hebron, at the homes of the two teenage terrorists who carried out the car-ramming and attempted shooting attack in Jerusalem this morning.
IDF soldiers operate in Gaza as the military says it remains on high alert ahead of Passover holiday, April 22, 2024. (Israel Defense Forces)
end
ISRAEL/WESTBANK/JERUSALEM
Three lightly hurt in Jerusalem car-ramming; 2 suspects captured
Assailants attempted to open fire with submachine gun, tossed jammed weapon on escape route in Romema neighborhood, authorities say, describing incident as terror attack
Police at the scene of a car-ramming attack in Jerusalem, April 22, 2024. (Israel Police)
Three people were lightly wounded in a car-ramming terror attack at two separate locations in Jerusalem on Monday morning, authorities said. The two alleged perpetrators, Palestinian teenagers, were captured after a brief manhunt.
A makeshift submachine gun found at one scene attested to the deadly turn the attack could have taken had the weapon not apparently jammed.
The Magen David Adom ambulance service said it treated two people who were struck by the same car, first on Tchelet Mordechai Street and the nearby Yirmiyahu Street in the Romema neighborhood. Both were listed in good condition.
A third person was also lightly hurt, police said.
Shaare Zedek Medical Center in Jerusalem said it was treating a 21-year-old man and a 15-year-old boy for minor injuries.
Police in a statement said the ramming was a terror attack.
Graphic surveillance footage of the incident showed a car plow into two men wearing ultra-Orthodox garb as they stood on a sidewalk, throwing them into the air.
After crashing the car into a parked vehicle, the terror suspects can be seen attempting to open fire on people as they flee.
According to police, two terrorists involved in the attack fled the scene on foot. On their apparent escape route, officers found a makeshift “Carlo” submachine gun, law enforcement officials said.
A gun found at the scene of a car-ramming attack in Jerusalem, April 22, 2024. (Israel Police)
Police said the gun had seemingly jammed as the terrorists attempted to open fire.
A large number of officers were dispatched to the scene to locate the attackers, police said.
A short while later, the pair were located and detained while hiding in a closed store in the area, according to law enforcement officials.
Police identified them as 17-year-old Palestinians from the West Bank city of Hebron.
The attack came as Jewish Israelis prepared to celebrate Passover, which begins Monday night. The victims seen in the surveillance footage had apparently been burning leavening, a traditional rite performed the morning before the holiday.
The attack came a day after a series of attacks by Palestinians against troops and civilians in the West Bank.
Tensions in Israel and the West Bank have soared since October 7, when terrorists burst through the Gaza border into Israel in a Hamas-led attack, killing at least 1,200 people, most of them civilians, and seizing 253 hostages.
END
end
I
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IR
RUSSIA/UKRAINE/
Ukraine Gets Their Billions Despite CIA Director Reportedly Warning Zelenksy To Stop Stealing So Much Money
SUNDAY, APR 21, 2024 – 10:45 PM
Democrats cheered and waved Ukrainian flags, chanting “Ukraine, Ukraine!” in some pavlovian response to Congress passing a bill that will send (another) $61 billion to Ukraine with no questions asked
Rand Paul, among many others, was incensed
Ukrainian president Zelenskyy was very pleased, personally thinking Speaker Johnson
I am grateful to the United States House of Representatives, both parties, and personally Speaker Mike Johnson for the decision that keeps history on the right track.
Democracy and freedom will always have global significance and will never fail as long as America helps to protect it.
The vital U.S. aid bill passed today by the House will keep the war from expanding, save thousands and thousands of lives, and help both of our nations to become stronger. Just peace and security can only be attained through strength.
We hope that bills will be supported in the Senate and sent to President Biden’s desk. Thank you, America!
‘War is Peace’, America!
Of course he’s pleased… why wouldn’t he be, as who knows where that money will end up?
The issue of corruption was directly raised with Zelensky in a meeting last January in Kiev with CIA Director William Burns.
His message to the Ukrainian president, I was told by an intelligence official with direct knowledge of the meeting, was out of a 1950s mob movie.
The senior generals and government officials in Kiev were angry at what they saw as Zelensky’s greed, so Burns told the Ukrainian president, because “he was taking a larger share of the skim money than was going to the generals.”
Burns also presented Zelensky with a list of thirty-five generals and senior officials whose corruption was known to the CIA and others in the American government.
Zelensky responded to the American pressure ten days later by publicly dismissing ten of the most ostentatious officials on the list and doing little else.
“The ten he got rid of were brazenly bragging about the money they had—driving around Kiev in their new Mercedes,” the intelligence official told me.
Zelensky’s half-hearted response and the White House’s lack of concern was seen, the intelligence official added, as another sign of a lack of leadership that is leading to a “total breakdown” of trust between the White House and some elements of the intelligence community.
Hersh went on to note that one estimate by analysts from the Central Intelligence Agency put the embezzled funds at $400 million last year, at least; another expert compared the level of corruption in Kiev as approaching that of the Afghan war, “although there will be no professional audit reports emerging from the Ukraine.”
But, remember, the first rule of sending money to corrupt Ukraine is… you don’t talk about how corrupt Ukraine is (or you get impeached).
END
I do not think that this is a smart move:
(zerohedge)
REPO Act Passage Has Authorized Biden To Confiscate Russian Assets & Transfer To Ukraine
MONDAY, APR 22, 2024 – 10:25 AM
When the House voted to pass Biden’s long sought after foreign aid package Saturday, which will deliver over $60 billion to Ukraine, included in this was passage of the REPO Act, which paves the way for the Biden administration confiscate billions in Russian sovereign assets which sit in US banks.
The US administration has been pursuing a controversial plan to transfer frozen Russian assets to Ukraine for reconstruction, and has been aggressively lobbying G7 countries to jump on board, also given most of the $300 billion in Russian assets are held in Europe – particularly France, Germany, and Belgium.
A summary of the REPO Act – H.R.4175 – on the Congressional website, reads: “This bill requires or authorizes various actions related to the confiscation and disposition of Russian sovereign assets (which include funds and other property of Russia’s central bank, direct investment fund, or ministry of finance).”
“Under the bill, the President must require U.S. financial institutions to notify the Department of the Treasury of any Russian sovereign assets located at such institutions. The President may confiscate any such assets subject to U.S. jurisdiction,” it continues. “Confiscated funds and the proceeds of liquidated property must be deposited into the Ukraine Support Fund established by the bill.”
The now approved bill further specifies:
The Ukraine Support Fund shall be used by the Department of State to compensate Ukraine for damages caused by the Russian invasion. The Ukraine Support Fund may also support an international body or mechanism for (1) reconstruction and rebuilding efforts in Ukraine, (2) humanitarian assistance to the Ukrainian people, or (3) other purposes which support the recovery of Ukraine and the welfare of the Ukrainian people.
Importantly, it seeks to bring in international partners toward establishing a mechanism which would tap Russian assets in Europe. “The bill also directs the President to seek to establish, with foreign partners, an international mechanism to provide compensation to Ukraine using the Ukraine Support Fund and Russian sovereign assets confiscated by foreign partners,” the legislation summary says.
But some EU leaders have expressed anxiety over the plan and have thus far resisted, mainly on concerns that it would undermine global trust and confidence in Western banks. Moscow could also see what it deems theft of its sovereign funds as essentially an act of war.
On Monday, the Kremlin reacted to the weekend passage of the REPO Act, vowing to fight and inflict corresponding punishment on the US and West. Putin Spokesman Dmitry Peskov told reporters:
“We are very skeptical about this, because this is essentially the destruction of all the foundations of the economic system. This is an encroachment on state property, on state assets and on private property. By no means should this be perceived as legal action – it is illegal. And accordingly, it will be subject to retaliatory actions and legal proceedings,” the Kremlin official said.
“If such measures are implemented, of course, many investors will think ten times before making any investments in the American economy or storing their assets there,” Peskov added, noting there’s still a long, complex road ahead if Washington ultimately seeks to pull the trigger on stealing Russia’s assets. “This is a very dangerous precedent,” Peskov underscored.
Starting in February, US Treasury Secretary Janet Yellen began getting more vocal on the“moral case” for using Russian assets to aid Ukraine, telling allies they must find a way to “unlock the value” of the hundreds of billions in immobilized Russian assets, also with an eye towards Ukraine’s post-war reconstruction.
Previously some Ukrainian officials floated the idea of “reparation bonds” backed by future claims for war damages against Moscow, and utilizing frozen Russian assets. These initiatives have gained steam under US leadership.
oe Surkiewicz, our indispensable editor, suddenly can’t get in to do his all-important work MARK CRISPIN MILLER
APR 21lthough we were able to post the latest “died suddenly” reports on Wednesday night, therefore, today we couldn’t even formulate, much less post, our usual range of what we call “non-fatals”—compilations of reports of people, both famous and obscure, coming down with all manner of horrid “rare” diseases. This is especially troubling, since each week we pick up more and more such items, the number growing all the time (daily, it sometimes seems), so from this setback we not catch up. So is this sabotage, or just a glitch? Whatever’s causing it, we’re having the familiar cyber-problem of being unable to ask any human being at the company to ask what to do, or to do something about it. And so we turn to you, gentle readers, in hopes that some of our stalwart and experienced substackers may have been around this block, and have some good ideas for getting back on track. Thank you all for your time and attention
Today, for no apparent reason (sound familiar?), Joe Surkiezwicz, without whose work we couldn’t put together, nor could I post, these compilations, “suddenly” could not get in to “News from Underground.” He can’t get in via his laptop, cell phone or PC; and he’s also finding it impossible to contact any human being at Substack for assistant. Not only can he not get into “News from Underground” (although he’s a designated administrator), but he can’t even get into his own Substack. At first I thought I must be locked out, too, so, without checking my Substack, I changed the password. That’s always a good thing to do periodically, but in this case it didn’t help. He’s still locked out.
END
DR PAUL ALEXANDER
Study Finds ‘Significant Increase’ in Cancer Mortality After Mass Vaccination With 3rd COVID Dose
Numerous mechanisms may explain how mRNA COVID-19 vaccines may be linked to increased cancer deaths.
Researchers observed “statistically significant increases” in mortality rates of all cancers, especially estrogen-related cancers, following mass vaccination with the third mRNA COVID-19 vaccine, according to a recent paper.
The study, published on April 8 in Cureus, evaluated the impact of the COVID-19 pandemic on age-adjusted mortality rates for 20 different types of cancer in Japan using official statistics on death, SARS-CoV-2 infections, and vaccination rates. The researchers made a startling discovery: There were no excess cancer deaths in Japan during the first year of the pandemic, but they observed a rise in cancer mortality coinciding with mass vaccination.
Japan has the highest vaccination rates, and is now conducting mass vaccinations with a seventh vaccine dose. According to the researchers, after mass vaccination began in 2021, there was a noticeable increase in cancer mortalities coinciding with the first and second COVID-19 vaccine doses.
Following vaccination with a third mRNA vaccine dose in 2022, researchers observed “significant excess mortalities” for all cancers and specifically estrogen and estrogen receptor alpha (ERα)-sensitive cancers, including ovarian, leukemia, prostrate, lip/oral/pharyngeal, pancreatic, and breast cancers. Notably, breast cancer had a “significant deficit mortality” in 2020 but shifted to excess mortality in 2022 following the rollout of the third vaccine dose.
Other than pancreatic cancer, which was steadily rising before the pandemic, the other five types of cancers were on a downward trend. Still, all six types of cancers exceeded predicted mortality values in 2021, 2022, or during both years.
Additionally, four types of cancers associated with the most deaths—lung, colorectal, stomach, and liver cancers—were declining before the 2020 pandemic. However, the rate of decline slowed after the COVID-19 vaccine rollout.
Significant Shift in Excess Mortality
Prior to the COVID-19 pandemic, from 2010 to 2019, researchers observed decreasing mortality trends for people of all ages except those aged 90 and over. Even in 2020, researchers continued to see declining mortality rates in most age groups except for those aged 75 to 79.
In 2021, trends slowly shifted toward excess mortality, which continued to increase in 2022 for almost all age groups. The study found that in 2021, there was a significant excess mortality for all causes of 2.1 percent, and 1.1 percent for all cancers. In 2022, excess all-cause mortality jumped to 9.6 percent and to 2.1 percent for all cancers.
According to the study, the number of deaths from all cancers was highest in the 80 to 84 age group, of which more than 90 percent had received a third vaccine dose. Nearly 100 percent of vaccines administered were mRNA vaccines, with Pfizer’s vaccine accounting for 78 percent and Moderna’s for 22 percent.
The researchers said that although cancer mortality could be attributed to fewer cancer screenings and restricted access to health care during lockdowns, it doesn’t explain the significant increases in mortality observed for the six specific types of cancer in 2022 when restrictions on health care access to cancer screens or treatments seemed to have resolved.
“These particularly marked increases in mortality rates of these ERα-sensitive cancers may be attributable to several mechanisms of the mRNA-LNP vaccination rather than COVID-19 infection itself or reduced cancer care due to the lockdown,” they wrote.
Stephanie Seneff, a senior research scientist at the Massachusetts Institute of Technology, said the study provides compelling epidemiological evidence of a link between the rise in the prevalence of several cancers and the administration of multiple COVID-19 vaccines.
“I have long suspected a cancer link to the vaccines just based on the science of immunology,” Ms. Seneff told The Epoch Times in an email. “What I think is happening, broadly speaking, is that the vaccine is causing impairment of the innate immune response, which leads to an increased susceptibility to any infection, increased autoimmune disease, and accelerated cancer progression.”
How mRNA COVID-19 Vaccines May Link to Cancer
The study’s authors suggest numerous ways that COVID-19 vaccines may contribute to the growth and progression of cancer.
mRNA Vaccines and Estrogen-Sensitivity
In the study, age-adjusted mortality rates for estrogen and ERα-sensitive cancers significantly increased beyond the predicted rates, especially in 2022. Research shows the spike protein specifically binds to ERα and upregulates its transcriptional activity. This can affect how the body responds to cancer and its growth.
In a 2020 study published in Translational Oncology, researchers found the S2 subunit of the SARS-CoV-2 spike protein strongly interacts with cancer suppressor genes p53, BRCA1, and BRCA2 that are frequently mutated in cancer. According to the Cureus study, impaired BRCA1 activity is associated with an increased risk of breast, uterine, and ovarian cancers in women and prostate cancer in men. It also increases the risk of pancreatic cancer. BRCA2 is associated with breast and ovarian cancer in women, prostate and breast cancer in men, and acute myeloid leukemia in children.
Biodistribution of Lipid Nanoparticles
Studies show that lipid nanoparticles (LNPs) in mRNA vaccines can be widely distributed to various organs after vaccination, including the liver, spleen, adrenal glands, ovaries, and bone marrow, where they produce spike proteins that persist in the body and increase susceptibility to infection.
In an August 2023 paper published in Proteomics Clinical Applications, researchers found fragments of vaccine-specific recombinant spike protein in the blood specimens of 50 percent of vaccine recipients three to six months later. For comparison with natural SARS-CoV-2 infection, viral spike proteins were only detected in blood serum for 10 to 20 days, even in those with severe disease. The same study suggests spike protein may be integrated or retranscribed into some cells.
A November 2021 study in The Journal of Immunology found exosomes expressing spike protein 14 days after vaccination with mRNA COVID-19 vaccines. A spike protein increase was observed four months following the second vaccine dose and increased with booster doses.
Modification With N1-Methyl-Pseudouridine
Current COVID-19 mRNA vaccines contain pseudouridine-modified mRNA, which attenuates or alters the activity of key proteins called toll-like receptors that prevent tumors from forming and growing. Modified mRNA with N1-methyl-pseudouridine can also cause the body to produce large amounts of SARS-CoV-2 spike protein. According to the study, mRNA vaccines inhibit essential immunological pathways and impair early interferon signaling, affecting spike protein synthesis and negatively impacting immune activation.
A paper published on April 5 in the International Journal of Biological Macromolecules found that modification with N1-methyl-pseudouridine causes immune suppression and could aid cancer development. Evidence showed adding 100 percent of N1-methyl-pseudouridine to the mRNA vaccine in a melanoma model stimulated cancer growth and metastasis, while nonmodified mRNA vaccines yielded opposite results.
Antibody-Dependent Enhancement
Another theory put forward by the paper’s authors is that multiple vaccinations may expose an individual to viral- and vaccine-generated spike protein and enhance susceptibility to COVID-19 through antibody-dependent enhancement (ADE), immune imprinting, and immunosuppression. ADE is a phenomenon that occurs when antibodies enhance virus entry and replication in cells.
Thrombogenic Effects of Spike Protein and LNPs
Research suggests that mRNA COVID-19 vaccines pose a risk of thrombosis in individuals with cancer and might explain the excess mortalities after mass vaccination.
“It is reasonable to assume that additional thrombus-forming tendency noted with the mRNA-LNP vaccine could be extremely dangerous,” the authors wrote.
According to the study, viral and vaccine SARS-CoV-2 spike protein have solid electropositive potential that could attach to electronegative glycoconjugates on the surfaces of red blood cells and other cells. The spike protein can also bind to the angiotensin-converting enzyme 2 (ACE2), which activates the immune system, causing vascular wall thickening, impaired mitochondrial function, and reactive oxygen species (ROS).
ROS are highly reactive radicals, ions, or molecules with a single unpaired electron in their outermost shell of electrons. Cancer cells contain high levels of ROS due to metabolic activity, oncogene activity, mitochondrial dysfunction, and other immune processes. Specific segments of the spike protein may also cause amyloid formation (fibrous insoluble tissue) and anti-spike protein antibodies may bind to S-proteins that emerge on cellular surfaces, triggering an autoimmune inflammatory response.
Suppression of Cancer Immunosurveillance
According to the paper, COVID-19 vaccines have been shown to suppress the immune system, leading to the reactivation of latent viruses associated with cancer, such as varicella-zoster virus and human herpesvirus 8 (HHV8). HHV8 is considered an oncogenic virus that can lead to Kaposi’s sarcoma. Reactivation of the Epstein-Barr virus or human papillomavirus could lead to oropharyngeal cancers.
“These phenomena could also help explain the excess deaths from lip/oral/pharyngeal cancer in 2022 when mass vaccination with third and later doses was underway,” the authors wrote.
Reverse Transcription of RNA Into DNA
Reverse RNA transcription in COVID-19 vaccines may explain increases in cancer mortality. Reverse transcription allows mRNA to be transformed into DNA that affects the human genome.
A 2022 study published in Current Issues in Molecular Biology showed that mRNA vaccines can integrate into human genes or DNA through reverse transcription. A February 2023 paper published in Medical Hypotheses found that accumulating vaccine mRNA and reverse-transcribed DNA molecules in cytoplasm could potentially induce chronic autoinflammation, autoimmunity, DNA damage, and cancer in susceptible individuals.
Genetic researcher Kevin McKernan also found that the COVID-19 mRNA vaccines can potentially be reverse-transcribed into DNA, as reported by The Epoch Times. Although his research was not peer-reviewed, Mr. McKernan detected the COVID-19 vaccine spike protein sequence in two types of chromosomes in cancer cell lines in the breasts and ovaries following COVID-19 mRNA vaccination.
Researcher Hélène Banoun, with the French Institute of Health and Medical Research, told The Epoch Times that the findings of the paper published in Cureus, are consistent with her understanding of the carcinogenic danger of gene therapy products.
“Kevin McKernan says that he has found a correlation between the adverse effects caused by certain batches of vaccine and the amount of contaminating DNA, so it’s consistent. And you also have to take into account the immunotolerance induced by modified RNAs, which will facilitate cancer,” she said.
According to the U.S. Food and Drug Administration (FDA), “There are several potential mechanisms by which residual DNA could be oncogenic, including the integration and expression of encoded oncogenes or insertional mutagenesis following DNA integration.” The paper’s authors suggest the FDA’s guidelines are essential to Japan, as the country based its special emergency use authorization on FDA approval during the COVID-19 pandemic.
ASHA LATYPOVA remains a canary in the coal mines, she is brilliant and STRONG! a true warrior in this battle against evil, her recent stack “Who is defending the criminal racket of “Pandemic Prepared-ness” drips with key input, it’s in her white space; ‘Nothing to Declare…’she highlights the warning of Dr. Mike Yeadon, former Chief Science Officer Pfizer; she punishes Malone for the fraud he isDR. PAUL ALEXANDERAPR 20, 202451119ShareThese bitches, these COVID medical doctors and scientists hate, I mean hate Yeadon, these Freedom Fighter doctors for he is smarter than them…he is not a money puke fraud like them, a money whore like them…no, Yeadon is in the fight to save humanity…I know, I stand with him as a friend and I have known many who despise him…and I love him…An example, recently I sat in on a meeting call with him and Foster Coulson, TWC Chair, and no matter who it is, you just sit back and listen to Mike wax and understand his prowess in science, his deep explanations, his graps of it all, his love of people, his want to do good, and the pure fact is that he cannot be bought and wants nothing other than to do good…this man is headed to heaven and his wonderful wife Joanna…2 beautiful precious people…Yeadon is one person in all this COVID shit, this fraud, this thing if I can call it a thing, who is legit.
is no border security, he has failed to use his power as speaker, the Republicans have control of the House, and he is doing all he could, spooning with everyone to get the Ukraine funding approved
Fire Speaker Mike Johnson, he is similar to Paul Ryan, IMO traitor to the people and I support his removal for another person who may get the right job done for Americans.
Even Trump said no FISA without a warrant, Speaker Johnson balked and went ahead with FISA no warrant.
MICHAEL EVERY/PHIL MAREY/OR OTHER EXECS //RABOBANK
7.OIL PRICES/GAS PRICES/OIL ISSUES
end
8. EMERGING MARKETS//AUSTRALIA NEW ZEALAND ISSUES//
END
YOUR EARLY CURRENCY/GOLD AND SILVER PRICING/ASIAN CLOSING MARKETS AND EUROPEAN BOURSE OPENING AND CLOSING/ INTEREST RATE SETTINGS MONDAY MORNING 6;30AM//OPENING AND CLOSING
EURO VS USA DOLLAR: 1.0650 DOWN .0005
USA/ YEN 154.75 UP 0.139 NOW TARGETS INTEREST RATE AT 1.00% AS IT WILL BUY UNLIMITED BONDS TO GETS TO THAT LEVEL…//YEN STILL FALLS//
GBP/USA 1.2329 DOW .0039
USA/CAN DOLLAR: 1.3719 DOWN .00013(CDN DOLLAR UP 13 BASIS PTS)
Last night Shanghai COMPOSITE CLOSED DOWN 20,64 PTS OR 0.67%
Hang Seng CLOSED UP 370,26PTS OR 1.00%
AUSTRALIA CLOSED UP 1.05%
// EUROPEAN BOURSE: ALL MOSTLY GREEN EXCEPT ITALY
Trading from Europe and ASIA
I) EUROPEAN BOURSES: ALL GREEN EXCEPT ITALY
2/ CHINESE BOURSES / :Hang SENG CLOSED UP 287.58PTS OR 1.77%
/SHANGHAI CLOSED DOWN 20.64PTS OR 0.67%
AUSTRALIA BOURSE CLOSED UP 1.08%
(Nikkei (Japan) CLOSED UP 370.26 PTS OR 1.00%
INDIA’S SENSEX IN THE GREEN
Gold very early morning trading: 2358.50
silver:$27.74
USA dollar index early MONDAY morning: 106.02 UP 4 BASIS POINTS FROM FRIDAY’s CLOSE.
The USA/Yuan, CNY: closed UP ON SHORE CLOSED DOWN AT 7.2439
THE USA/YUAN OFFSHORE: (YUAN CLOSED (UP)…. (7.2508)
TURKISH LIRA: 32.51 EXTREMELY DANGEROUS LEVEL/DEATH WATCH/HYPERINFLATION TO BEGIN.//ON DEATH WATCH
the 10 yr Japanese bond yield at +0.880…
Your closing 10 yr US bond yield UP 1 in basis points from FRIDAY at 4.625% //trading well ABOVE the resistance level of 2.27-2.32%) very problematic
USA 30 yr bond yield 4.729 UP 2 in basis points /12.00 PM
USA 2 YR BOND YIELD: 4.958 DOWN 1 BASIS PTS.
GOLD AT 11;30 AM 2340.40
SILVER AT 11;30: 27.39
Your 12:00 AM bourses for Europe and the Dow along with the USA dollar index closing and interest rates: MONDAY CLOSING TIME 12:00 PM//
London: CLOSED UP 128.02 PTS OR 1.62%
German Dax : CLOSED UP 123.44 PTS OR 0.70%
Paris CAC CLOSED UP 17.95 PTS OR 0.22%
Spain IBEX CLOSED UP 160.70 PTS OR 1.50%
Italian MIB: CLOSED DOWN 197.37PTS OR 0.58%
WTI Oil price 81.91 12: EST/
Brent Oil: 86.75 12:00 EST WEST TEXAS: 81.91
USA /RUSSIAN ROUBLE /// AT: 93.41 ROUBLE DOWN 0 AND 26/100
GERMAN 10 YR BOND YIELD; +2.4925 UP 1 BASIS PTS.
UK 10 YR YIELD: 4.249 DOWN 5 BASIS POINTS
CLOSING NUMBERS: 4 PM
Euro vs USA 1.0652 DOWN.0003 OR 3 BASIS POINTS
British Pound: 1.2355 DOWN .0013 or 613basis pts
BRITISH 10 YR GILT BOND YIELD: 4.2355 DOWN 13BASIS PTS//
JAPAN 10 YR YIELD: .879
USA dollar vs Japanese Yen: 154. 82 UP 0.0026 /YEN DOWN 21 BASIS PTS//
USA dollar vs Canadian dollar: 1.36.99DOWN .0049CDN dollar UP 49 BASIS PTS
West Texas intermediate oil: 83.02
Brent OIL: 87.06
USA 10 yr bond yield UP 1 BASIS pts to 4.619%
USA 30 yr bond yield UP 1 BASIS PTS to 4.719%
USA 2 YR BOND: UP 1PTS AT 4.971
USA dollar index: 106.014 DOWN 2 BASIS POINTS
USA DOLLAR VS TURKISH LIRA: 32.42(GETTING QUITE CLOSE TO BLOWING UP/
USA DOLLAR VS RUSSIA//// ROUBLE: 93.147UP 0 AND 1/100 roubles
GOLD 2,329,25 3:30 PM
SILVER: 27,25 3:30 PM
DOW JONES INDUSTRIAL AVERAGE: UP 253.58 PTS OR 0.67%
NASDAQ UP 173.24PTS OR 1.02%
VOLATILITY INDEX: 16.87.DOWN1.84 PTS OR 9.83%
GLD: $215.57DOWN 5.46OR 2.47
SLV/ $24.93DOWN 1.27 OR 4.85%
end
USA AFFAIRS
TODAY’S TRADING IN GRAPH FORM
Gold Hammered As Short-Squeeze Saves Stocks Ahead Of Micro/Macro Storm This Week
MONDAY, APR 22, 2024 – 04:00 PM
The “calm before the storm” of earnings and big macro this week (and no WW3 this weekend) was all the algos needed to ramp stocks during the US cash session after being reminded that the buyback-blackout period is almost over…
Stocks had fallen from up around 0.6% at the cash open to unchanged by the European close… and then the algos all remembered, buybacks are coming back soon to save the world and stocks went vertical… together… with everything up 1.5% at the highs before the 1430ET margin-calls and the squeeze ammo ran out, leaving stocks fading into the close (but still a solid green day after some recent pain).UnmuteAdvanced SettingsFullscreenPauseRewind 10 SecondsUp Next
…as a basket of the ‘most shorted’ stocks exploded higher (biggest short squeeze in a month). We not note that the squeeze stalled at an interesting level…
Source: Bloomberg
TSLA was twatted again – seventh straight down-day (equal longest-losing-streak ever). The last two times it dropped seven straight days, it ripped back (Sep 2018, +50% in next two months; Dec 2022, +100% in next two months)…
Source: Bloomberg
Interestingly Goldman’s trading desk noted overall activity levels are flat vs. the trailing 2wk avg, with mkt volumes down -8% vs. the 10dma
For the 2nd straight session we lean better to buy at +6.5% overall – this is our highest buy skew since 3/1/24
HFs are a massive driver of that demand tilting +22% better to buy, this ranks 98th %-ile & backs up last week’s PB report highlighting single stocks saw the largest notional long buying in over a year. HF demand tils towards Fins, Cons Disc, Indust, Info Tech & HCare with modest supply in Materials, Comm Svcs, Staples & REITs.
LOs are -5% better for sale which continues their theme from Friday. Supply is most concentrated in Info Tech, Fins & Industrials with modest demand for Staples, REITs & Cons Disc.
Equity vol markets are primed for the next week’s action though…
Source: Bloomberg
Treasuries were relatively quiet with an overnight sell-off but bid during the day session with the short-end outperforming (2Y -2bps, 30Y unch)…
Source: Bloomberg
Once again, 5.00% was resistance for the 2Y yield…
Source: Bloomberg
The dollar roller-coastered a little today ended unch…
Source: Bloomberg
Bitcoin extended the weekend’s rebound (post-halving), testing back up towards $67,000…
Source: Bloomberg
Gold, on the other hand, was clubbed like a baby seal – after rising for 13 of the last 17 days, today saw its biggest daily loss since June 2022. But that drop only pulled it back to one-week lows…
Source: Bloomberg
Oil prices chopped around all day with WTI hovering at $82 and ended unchanged…
Source: Bloomberg
Finally, there’s this… market liquidity in stocks…
Commercial Real Estate Foreclosures Soar To Levels Not Seen In Nearly A Decade
BY TYLER DURDEN
MONDAY, APR 22, 2024 – 05:45 AM
Larger cracks are appearing in the US commercial real estate market at a time when uncertainty around the regional bank industry flashes red.
The latest report from real estate data provider ATTOM shows CRE foreclosures topped 625 in March, up 6% from February and 117% from the same period last year.
ATTOM has been tracking commercial foreclosures since 2014. The number of foreclosures is approaching the peak of 889 in October 2014.
end
IIIB USA COMMENTARIES RE ISRAEL/HAMAS WAR/ and PERVASIVE ANTISEMITISM/WOKISM…
White House Condemns “Antisemitic” Protests At Columbia University
“Hate has no place in our city, and I have instructed the NYPD to investigate any violation of law they receive a report about and will arrest anyone found to be breaking the law.”
We will not be a city of lawlessness, and those professional agitators seeking to seize the ongoing conflict in the Middle East to sow chaos and division will not succeed.”
But added:
I do, however, want to be abundantly clear: Columbia University is a private institution on private property, which means the NYPD cannot have a presence on campus unless specifically requested by senior university officials.
For the safety of all New Yorkers, I urge Columbia’s senior administration officials to improve and maintain an open line of communication with the NYPD to ensure the safety of all students and staff on campus.
Adams concluded, providing ‘context’:
“As mayor of the city with the largest Jewish community in the world outside of Israel, the pain these protests are causing Jews across the globe is not lost on me, especially as we start Passover tomorrow evening.
I also see and hear the pain of those protesting in support of innocent lives being lost in Gaza.”
Additionally, as The Epoch Times’ Emel Akan reports,The White House also issued a statement on Sunday condemning anti-Israel protests at Columbia University following reports that the school’s Orthodox rabbi advised Jewish students to stay away from campus for their safety.
“While every American has the right to peaceful protest, calls for violence and physical intimidation targeting Jewish students and the Jewish community are blatantly Antisemitic, unconscionable, and dangerous,” Andrew Bates, White House deputy press secretary, stated on the social media platform X (formerly Twitter).
President Joe Biden issued a separate message for Passover, a Jewish holiday that starts on April 22.
The president’s message highlighted the “alarming surge of Antisemitism” in U.S. schools, communities, and online. However, he did not explicitly refer to incidents at Columbia University.
“Silence is complicity. Even in recent days, we’ve seen harassment and calls for violence against Jews. This blatant Antisemitism is reprehensible and dangerous—and it has absolutely no place on college campuses, or anywhere in our country,” the president said.
“My administration will continue to speak out and aggressively implement the first-ever National Strategy to Counter Antisemitism, putting the full force of the federal government behind protecting the Jewish community,” he added.
The statements came after the Orthodox Rabbi at Columbia University and Barnard College sent a WhatsApp message to more than 290 Jewish students urging them to go home.
CNN anchor Jake Tapper shared a copy of the message on X.
“What we are witnessing in and around campus is terrible and tragic. The events of the last few days, especially last night, have made it clear that Columbia University’s Public Safety and the NYPD cannot guarantee Jewish students’ safety in the face of extreme antisemitism and anarchy,” Rabbi Elie Buechler wrote to students in Yavneh, the Orthodox student community.
“It deeply pains me to say that I would strongly recommend you return home as soon as possible and remain home until the reality in and around campus has dramatically improved.”
Protests erupted at the 270-year-old university on April 17 in response to Israel’s military actions against Hamas in Gaza.
Police arrested more than 100 people on campus on April 18 after protesters set up an encampment on the school’s lawns. Protesters resumed their demonstrations the next day, despite mass suspensions and arrests.
Videos circulated of a man outside the campus stating:
“Never forget the seventh of October,” and “That will happen not one more time, not five more times, not 10 more times, not 100 more times, not 1,000 more times, but 10,000 times!”
Another video showed a woman protester wrapped in a Palestinian scarf, holding a sign reading, “Al Qassam’s next targets,” with an arrow pointing to a group of students waving Israeli flags and singing the Israeli national anthem. Al Qassam refers to the military wing of the Hamas terrorist organization.
The White House condemned these messages, calling them “despicable.”
“Echoing the rhetoric of terrorist organizations, especially in the wake of the worst massacre committed against the Jewish people since the Holocaust, is despicable. We condemn these statements in the strongest terms,” Mr. Bates said.
A congressional committee last week accused Columbia University President Nemat Minouche Shafik of failing to protect Jewish students on campus.
Ms. Shafik told lawmakers that the university was facing a “moral crisis” due to anti-Semitism on campus.
She highlighted the university’s commitment to addressing this issue by taking decisive actions against suspected perpetrators.
The ADL is there of course…
END
Crisis on campus: Tensions swell at Yale, Columbia
Ivy League university campuses see increasing tensions over the ongoing Israel-Hamas war.
Students hold a protest in support of Palestinians at Columbia University, during the ongoing conflict between Israel and the Palestinian Islamist group Hamas, in New York, U.S., April 20, 2024.(photo credit: Reuters/Adam Gray)
New York Senators Schumer, Gillibrand condemn calls for violence at Columbia
US Senate Majority Leader Chuck Schumer (D-NY).(photo credit: Bonnie Cash/Reuters)
“I’m deeply disturbed by the appalling antisemitism being displayed on Columbia University’s campus,” wrote New York Senator Kirsten Gillibrand in a post to X on Monday.
“Threats of violence against Jewish students are absolutely despicable, and this appalling rhetoric must end now. Our Jewish friends and neighbors deserve the right to live and worship in safety — here in New York, and all across America.”
h
Gillibrand is one of two senators from New York, the other being Senator Chuck Schumer, the highest-ranking Jewish elected official in American history.
In a statement released on Sunday, Senator Schumer said that “Every American has a right to protest, but when protests shift to antisemitism, verbal abuse, intimidation, or glorification of Oct. 7 violence against Jewish people, that crosses the line.”
The White House also condemned expressions of support for Hamas at Columbia, as have New York Governor Kathy Hochul and New York City Mayor Eric Adams.
end
iiiC USA COVID //VACCINE ISSUES
END
FREIGHT ISSUES/USA
END
VICTOR DAVIS HANSON
END
SWAMP STORIES
KING REPORT
The King Report April 22, 2024 Issue 7726
Independent View of the News
Israel hits back at Iran in retaliatory strike, targeting nuclear research facility and major air baseThe Biden administration “didn’t endorse” Israel’s response, a US official told CNN… The city of Isfahan — home of Iran’s Natanz nuclear research facility and a major air base – appears to have been Israel’s primary target… (The strike occurred on Ayatollah Khamenei’s 85th birthday!)https://nypost.com/2024/04/18/us-news/israel-hits-back-at-iran-with-barrage-of-missiles-and-drones-report/ Why did Obama-Biden feel the need to tell the media that it “didn’t endorse” Israel’s strikes? (Michigan) Israel-Gaza live updates: Israelis fired 3 missiles in limited strike – ABCThree missiles were fired from Israeli fighter aircraft outside of Iran in Friday morning’s very limited strike, according to a senior U.S. official. The Israelis were targeting an air defense radar site near Isfahan that’s part of the protection of the Natanz nuclear facility, the official said. The first assessment is that the strike took out the site, but assessment hasn’t been completed, the official said.https://abcnews.go.com/amp/International/live-updates/israel-gaza-hamas-war/?id=108860743“Material losses” reported in southern Syria following an Israeli strike, Syrian state media saysIsrael targeted Syria’s “air defense sites in the southern region. The aggression led to material losses,” SANA reported… By targeting the Iranian province of Isfahan — the site of significant nuclear facilities —Israel was likely warning that it could easily overwhelm Iran’s defenses, MacCarley said… US Secretary of Defense spoke with Israeli Defense Minister before Israel attacked Iran… Iran’s air defense downs 3 drones, official says, as state media reports no large-scale strikes…https://www.cnn.com/middleeast/live-news/israel-iran-gaza-conflict-news-04-19-24/h_84961f742ce5495f690d32d766adbeb1 @sentdefender: Iraqi Sources are reporting that the Airstrikes on the Capital of Baghdad have targeted a building in which a High-Ranking Meeting was taking place involving several Iranian-Backed Groups and members of the Islamic Revolutionary Guard Corps (IRGC).Tehran plays down reported Israeli attacks, signals no retaliationIranian media and officials described a small number of explosions, which they said resulted from air defences hitting three drones over the city of Isfahan in central Iran. Notably, they referred to the incident as an attack by “infiltrators”, rather than by Israel, obviating the need for retaliation. A senior Iranian official told Reuters there were no plans to respond against Israel for the incident. “The foreign source of the incident has not been confirmed. We have not received any external attack, and the discussion leans more towards infiltration than attack,” the official said… In Iran, news reports on Friday’s incident made no mention of Israel, and state television carried analysts and pundits who appeared dismissive about the scale… Some Israelis suggested the aim was to demonstrate the capability to attack without causing harm.https://www.reuters.com/world/middle-east/israeli-missiles-hit-site-iran-abc-news-reports-2024-04-19/ Reports said Iran conveyed to Israel via Russian diplomats that is would not retaliate. Israel demonstrated to Iran the vast difference in respective nation’s capabilities to strike homelands. How will this change Iran? It’s too early to tell. Will military leaders stage some type of revolt? Obama-Biden in their incomprehensible stupidity usurped Israel and Iran’s attempt to downplay Israel’s retaliatory strike on Iranian interests. Israeli sources to (Jerusalem) Post: ‘An eye for an eye’; not clear why Pentagon leaked info on attackIsrael will not accept responsibility for this attack for strategic reasonIsraeli sources told the Post that it’s unclear why the Pentagon disclosed to the American media that Israel was involved; they could have remained silent, they say. They could have preserved Iran’s dignity and avoided escalating the situation on their own…https://www.jpost.com/middle-east/iran-news/israeli-sources-to-post-an-eye-for-an-eye-not-clear-why-pentagon-leaked-info-on-attack-797885 Politico: “The U.S. begged [Israel] not to do it, and literally no one from the Pentagon to the Joint Chiefs to the CIA to the intel community thinks this is a good thing,” said one of the U.S. officials. “At this point, it’s truly embarrassing how much Israel does not listen to us, but yet this doesn’t keep President Biden from blind fealty.” “Israel is playing a dangerous game, and it feels like Biden is putting us in the crosshairs,” the official continued, reflecting anger expressed in other parts of the administration about the president’s Middle East policy… (Obamaites/Iran lovers pathetically whining about Biden/Israel?)https://www.politico.com/news/2024/04/19/bidens-plan-to-avoid-larger-israel-iran-war-keep-calm-and-carry-on-00153358 With the Israel retaliatory strike out of the way and Iran indicating that it does NOT want further direct conflict, for now, the usual suspect got jiggy for stocks and the expiry squeeze. ESMs soared from a low of 4963.50 at 22:15 ET to 5058.00 at 9:45 ET. Then, the reality of no Fed rate cuts for the foreseeable future and the possibility that the Fed is preparing the battlefield for rate hikes hit. Uber dove and Obama BFF Goolsbee, President of the Chicago Fed admitted that progress on inflation has stalled, and it is prudent for the Fed to shelve rate cuts for a while. Goolsbee claimed that the Fed has done great on its employment mandate, but it is failing on the inflation mandate – and it will take longer than he expected to get CPI to 2%. (Bidenomics! – Massive deficit spending to juice the economy) Fed’s Goolsbee: ‘It makes sense to wait’ before cutting rates“You never want to make too much of any one month’s data, especially inflation, which is a noisy… But after three months of this, it can’t be dismissed.”… The comments were notable because previously Goolsbee had been one of the more dovish members of the Fed, known for his view that the Fed was on a “golden path” to getting inflation down without high unemployment. Goolsbee became the fourth Fed official this week to strike a more hawkish stance due to hotter-than-anticipated inflation data in the first quarter…https://finance.yahoo.com/news/feds-goolsbee-it-makes-sense-to-wait-before-cutting-rates-143004047.html ESMs sank to 5003.00 at 12:40 ET but rallied to 5037.00 at 13:55 ET. Alas, selling returned; ESMs declined to 4992.50 at 14:47 ET. After a bounce to 5009.75 at 15:13 ET, ESMs fell to 4991.25 at 15:46 ET. The late manipulation pushed ESMs to 5088.00 at 15:59 ET. ESMs were 5001.00 at 16:00 ET. Netflix was a pox on Fangs and a drag on stocks in general. Casino Wall Street loved playing Netflix subscriber roulette. But Netflix on Thursday said it will halt the parlor game. More importantly, Netflix indicated that its revenue and EPS bonanza via the crackdown on password sharing is ending. Netflix slides (-9.2% at low) as move to end sharing user count sparks growth worrieshttps://www.reuters.com/technology/netflix-slips-after-stopping-subscriber-tally-report-downbeat-q2-revenue-2024-04-19/Mortgage rates top 7% for the first time this year, Freddie Mac sayshttps://finance.yahoo.com/news/mortgage-rates-top-7-first-162830336.html May WTI Oil hit a high of 86.28 at 22:36 ET and a low of 81.80 at 7:12 ET. June Gold hit a high of 2433.30 at 21:46 ET and a low of 2386.80 at 7:09 ET.USMs hit a high of 116 5/32 at22:47 ET and a low of 114 9/32 at 20:07 ET (before attack) Fed Resets Clock on Cuts and Questions If Rates Are High Enoughhttps://www.bnnbloomberg.ca/are-rates-high-enough-fed-resets-clock-on-interest-rate-cuts-1.2061273 @jessefelder: ‘Financial conditions are now looser by the Chicago Fed’s own metric than at the beginning of 2022, when rates were effectively at zero and the Fed was still officially saying that inflation was transitory.’ (BBG) https://twitter.com/jessefelder/status/1781351526180733408Positive aspects of previous sessionThe DJIA rallied 211.02, due to AXP (+6.1% at top), which reported EPS of 3.33 (2.96 exp.)Early ESM upward explosion; USMs were +15/32 at the NYSE close Negative aspects of previous sessionFangs got hammered on Netflix; conditioned traders were beaucoup long ahead of Fang resultsNasdaq sank 2.05%, its worst day since October; NY Fang+ Index -3.75%; NVDA -10.05%The S&P 500 Index closed 32.77 points below 5000Bloomberg’s Trender model triggered a weekly sell on the S&P 500 for the 1st time since 4/18/2023Reportedly, Mag 7 stocks lost $950B in value this week, the largest weekly loss everThe Nasdaq 100 had its worst week since 11/2022 & closed at its lowest level since Jan 18, 2024Ambiguous aspects of previous sessionAre Fed officials really as hawkish as they indicate?First Hour/Last Hour Action [S&P 500 Index]: 1st Hour from NYSE Open:Down;Last Hour: UpPivot Point for S&P 500 Index [above/below indicates daily trend to traders]: 4979.94Previous session S&P 500 Index High/Low: 5019.02; 4953.56 Federal Reserve: Assets and Liabilities of Commercial Banks in the United States – H.8https://www.federalreserve.gov/releases/h8/current/default.htmFed says 1,804 banks and other institutions tapped emergency lending facilityAbout 95% of the borrowers, which included banks, credit unions, savings associations, and branches and agencies of foreign banks, had less than $10 billion in assets, the U.S. central bank said in its semi-annual Financial Stability Report… The program stopped making new loans on March 11…https://www.reuters.com/markets/us/fed-says-1804-banks-other-institutions-tapped-emergency-lending-facility-2024-04-19/Chinese hackers preparing to ‘physically wreak havoc’ on US critical infrastructure: FBI directorhttps://www.foxnews.com/politics/chinese-hackers-preparing-physically-wreak-havoc-us-critical-infrastructure-fbi-director As usual, The Big Guy headed to Delaware on Friday afternoon. He must really need… Massive Explosion Reported at Military Base of Iranian-Backed Group in Iraq (Friday night)The strike targeted the Popular Mobilization Force’s (PMF) Kalsu Base in the Babylon Governorate of Eastern Iraq. The PMF is a large Iraqi-state sponsored organization that is comprised of dozens of smaller militia and terrorist groups, many of which are backed by Iran… (US & Israel deny involvement)https://www.dailywire.com/news/watch-massive-explosion-reported-at-military-base-of-iranian-backed-group-in-iraq @jakejakeny: It’s a vital conduit for Iran’s weapons transfers to Lebanon & Syria. Iraq has become primarily used by the IRGC as the link to Hezbollah since the end of the Gulf War. So, this is really more of a strike against Hezbollah…U.S. expected to sanction IDF unit for human rights violations in West Bank (Michigan vote, again)It would be the first time the U.S. imposed sanctions on an Israeli military unit…https://www.axios.com/2024/04/20/us-israel-sanctions-idf-west-bank @Wurmserscribit: The brigade has been deployed for months along the northern border. This IDF brigade is being sanctioned because they’re Orthodox Jews. Radical anti-religious activists in Israel to whom Blinken listens oppose their being drafted. This is antisemitic. Blinken must resign.US considering sending more advisers to Ukraine as Russia reportedly gains momentumDefense Secretary Lloyd Austin recently told lawmakers that “We’re already seeing things on the battlefield begin to shift a bit in Russia’s favor.”https://justthenews.com/accountability/russia-and-ukraine-scandals/us-considering-sending-more-advisers-ukraine-russiaThe Fed’s Forecasting Method Looks Increasingly Outdated as Bernanke Pitches an AlternativeThe issue is not the forecasts themselves, though they’ve frequently been wrong. Rather, it’s that the focus on a central projection — such as three interest-rate cuts in 2024 — in an economy still undergoing post-pandemic tremors fails to communicate much about the plausible range of outcomes. The outlook for rates presented just last month now appears outdated amid a fresh wave of inflation. An alternative method starting to gain steam is called scenario analysis, which involves emphasizing a range of credible risks to the baseline and how a central bank might respond. It’s a tactic that becomes especially useful in times of high economic uncertainty…Bernanke himself is currently making a similar case across the Atlantic (at BoE; yes, Virginia, that Bernanke; the Grand Poobah who missed the housing bubble and Financial Crisis of 2008!)… Fed officials later this year will launch another policy framework review after undertaking the first of its kind at the central bank in 2019 and 2020…https://www.bnnbloomberg.ca/the-fed-s-forecasting-method-looks-increasingly-outdated-as-bernanke-pitches-an-alternative-1.2061780 Anyone with a modicum of economic literacy knows that massive deficit spending creates inflation. Yet all those leftist academics at the Fed don’t know this or they are blinded by ideology and politics!Plus, US economic statistics, particularly CPI, NFP, and GDP are bogus due to politics. Garbage into econometric models, garbage forecasts out!Today – The S&P 500 Index closed 32.77 points below 5000. This triggered a Bloomberg Trender sell signal on a WEEKLY basis for the first time since August 18, 2023. That ‘sell’ signal lasted until November 17, 2023. PLUS, the grand intermediate-term upward season bias for stocks, the propensity for stocks to rally from November 1 to April 30, is ending. PS – High beta stocks and Russell 2000 stocks tend to do best during this intermediate-term upward seasonal bias. Perhaps, wise guys and operators are fleeing Fangs and related trading sardines to front-run the pattern.The dilemma for traders: Stocks are very oversold (6-session losing streak) and due for a dead-cat bounce; plus, big tech results commenced this week. However, the technical damage is so severe and sudden that a waterfall decline could appear. It’s Monday; the Fed is in blackout for May 1 FOMC. So, a rally is a high probability.ESMs are +19.50 (Traders are jiggy for today); USMs are -9/32; and Gold is -16.20 at 20:17 ET. Expected earnings: VZ 1.12, PKG 1.68; Tesla (Tues.), Meta (Wed), Alphabet and Microsoft (Thursday)Tesla cuts price of self-driving software by a third to $8,000https://nypost.com/2024/04/21/business/tesla-cuts-price-of-self-driving-software-by-a-third-to-8000/ S&P Index 50-day MA: 5118; 100-day MA: 4935; 150-day MA: 4738; 200-day MA: 4674DJIA 50-day MA: 38,817; 100-day MA: 38,077; 150-day MA: 36,680, 200-day MA: 36,215(Green is positive slope; Red is negative slope) S&P 500 Index (4967.23 close) – BBG trading model Trender and MACD for key time framesMonthly: Trender and MACD are positive – a close below 4638.30 triggers a sell signalWeekly: Trender and MACD are negative – a close above 5304.99 triggers a sell signalDaily: Trender and MACD are negative – a close above 5140.79 triggers a buy signalHourly: Trender and MACD negative – a close above 5004.63 triggers a buy signal House passes Ukraine ($60.8B), Israel ($26B), Taiwan aid ($8B), potential TikTok ban https://www.cnbc.com/2024/04/20/house-passes-ukraine-israel-taiwan-aid-potential-tiktok-ban-.htmlThe House rejected the US border security bill. @ClayTravis: Democrats chanted “Ukraine” while waving Ukraine flags on the House floorafter sending Ukraine $60 billion more of our taxpayer money to protect its borders. Imagine if Democrats cared this much about protecting our own border. This is all madness: https://twitter.com/ClayTravis/status/1781765066984968226Mike Johnson’s Spending Bill Includes $300M for Border Patrol — in Ukrainehttps://www.breitbart.com/politics/2024/04/19/mike-johnsons-spending-bill-includes-300m-for-border-patrol-in-ukraine/ “The last official act of any government is to loot the treasury.” – George Washington @nexta_tv: The US House of Representatives approves a bill allowing the transfer of frozen Russian assets to Ukraine. Ukraine could receive almost $8 billion under this procedure. Now the bill must be approved by the US Senate. (Crossed the Rubicon; Russia payback will be a beach!) The Talks That Could Have Ended the War in UkraineA Hidden History of Diplomacy That Came Up Short—but Holds Lessons for Future Negotiations The Russians and the Ukrainians never arrived at a final compromise text. But they went further in that direction than has been previously understood, reaching an overarching framework for a possible agreement… https://www.foreignaffairs.com/ukraine/talks-could-have-ended-war-ukraineTrump campaign says it will deploy thousands of election workers to monitor poll sitesIt plans to deploy more than 100,000 attorneys and volunteers across battleground states to monitor — and potentially challenge — vote counting in November…https://www.politico.com/news/2024/04/19/trump-campaign-election-monitoring-00153217LA prosecutor on election software firm case claims charges dropped over DA’s political concernsThe Los Angeles DA allegedly dropped the criminal charges against Konnech CEO Eugene Yu because he was afraid of appearing to be aligned with President Trump, according to the prosecutor’s complaint. Yu was arrested in October 2022 on charges of grand theft and embezzlement of more than $100,000 when his company stored thousands of Los Angeles County election workers’ personal information on the server based in China, in alleged violation of Konnech’s $2.9 million, five-year contract with the county… https://justthenews.com/government/courts-law/la-prosecutor-election-software-firm-case-claims-charges-dropped-over-das‘They wouldn’t just eat any white men that fell from the sky’: Outraged Papua New Guinea academics lash out at Biden’s ‘unacceptable’ suggestion that cannibals ate his WW2 pilot unclehttps://www.dailymail.co.uk/news/article-13327529/Biden-cannibalism-uncle-Papua-New-Guinea-outraged-academics.htmlWhite House scolds ‘we should not make jokes’ about Biden claim cannibals ate unclehttps://nypost.com/2024/04/19/us-news/white-house-scolds-we-should-not-make-jokes-about-biden-claim-cannibals-ate-uncle/ Remember when Obama- Biden consiglieri Susan Rice said The Big Guy would “bring dignity, integrity and normalcy back to the Whie House, restoring… faith in our leaders and institutions?” Good times!https://twitter.com/AmbassadorRice/status/1234575450367762432Joe Biden left off TIME ‘100 Most Influential’ list for first time in presidency (Everyone knows he’s a puppet!) https://www.foxnews.com/media/joe-biden-left-time-100-most-influential-list-first-time-presidencyColumbia rabbi warns Jewish students to go home, don’t come back to campus because of ‘extreme antisemitism’ https://nypost.com/2024/04/21/us-news/columbia-rabbi-warns-jewish-students-to-go-home-dont-come-back-to-campus-because-of-extreme-antisemitism/Anti-Israel Yale protesters joining Columbia students in ‘tear down our society’ Ivy League movement: Law prof (Reports have Columbia offering students a ‘virtual’ option for all classes.)https://www.foxnews.com/us/anti-israel-yale-protesters-joining-columbia-students-in-tear-down-our-society-ivy-league-movement-law-profColumbia anti-Israel protest arrests include Letitia James intern, UPS exec’s daughter who killed elderly couple in crash as a teen – backgrounds of the protesters show many list multimillion-dollar mansions as their home addresses, according to sources, and come from wealthy and powerful families… https://nypost.com/2024/04/19/us-news/ups-execs-daughter-other-millionaires-kids-busted-in-columbia-anti-israel-protest/Nazis block Jews from entering the University of Vienna. Austria, 1938.https://encyclopedia.ushmm.org/content/en/photo/nazis-prevent-jewish-students-from-entering Rod @realBlagojevich: As a twice elected Dem Governor from a big state I see clearly what’s happening to Biden’s Dem Party. The once lunatic socialist fringe has become mainstream. It’s migrants over the black community, criminals over the police, the state over parents & terrorists over Israel. How many of the same people that caused havoc in the US under the name of BLM and/or Antifa are now demonstrating against Jews and Israel? @kylenabecker: Tucker nails it: “Weak people just become a host for evil… And that’s exactly what’s happening to (Speaker) Mike Johnson.”… https://twitter.com/kylenabecker/status/1781732253304815902House Republican cites threats and swatting of family as reasons for quitting – Mike Gallagher, a representative from Wisconsin, is stepping down on 19 April, before the end of his termhttps://www.theguardian.com/us-news/2024/apr/18/mike-gallagher-congress-quits-threats-swatting‘What do they have’: MTG, Tucker Carlson claim House Speaker Mike Johnson is being blackmailed into funding Ukrainehttps://www.dailydot.com/debug/marjorie-taylor-greene-tucker-carlson-mike-johnson-blackmail/ @VigilantFox: Joe Rogan Goes Quiet as Tucker Carlson Drops Bone-Chilling Reality“Members of Congress are terrified of the intel agencies… They’ve told me that, including people who run the intel committee… I said to somebody, a very powerful person, the other day, in a conversation in my kitchen, an elected official — holds a really senior position… But I was like, ‘All these people are controlled. They’ve all got weird s*x lives, and all these things they’re hiding, and they’re being blackmailed by the intel agencies.’ And he said, and I’m quoting, ‘I know.’ I was like, okay, so at this point, we’re just sort of admitting that’s real? Like, why do we allow that to continue?” https://twitter.com/VigilantFox/status/1781567790257758254 @TheChiefNerd: Tucker Carlson on Members of Congress Being Controlled by the Intel Agencies: “They’re worried about someone putting kiddie p*rn on their computer. Members of Congress are terrified of the intel agencies. I’m not guessing at that. They’ve told me that, including people on the intel committee, including people who run the intel committee. The people whose job it is to oversee and keep in line, these enormous secretive agencies whose budgets we can’t even know, their black budgets…They’re afraid of the agencies.” https://twitter.com/TheChiefNerd/status/1781396239583441327 Critics note that Speaker Johnson was anti-FISA, anti-funding Ukraine, pro-fiscal responsibility, etc. BEFORE getting a SCIF briefing from US intel. Catherine Fitts, Wharton grad, Dillion Reed Managing Dir., ex-Asst. Secretary of HUD under Bush I:It is a miracle for a political or business leader to rise above a certain level in the hierarchy and not have what’s called a control file… It’s a file with some kind of info that could harm, embarrass or create civil and criminal liability for a person and it literally gives the person who has the control file the ability to order them around at very low cost…https://www.thedailybell.com/all-articles/editorials/catherine-austin-fitts-scandals-control-files-and-blackmail/The Myth of the Rule of Law: or How the Money Works… by Catherine Austin Fitts For years rumors circulated that the National Security Council was managing narcotics trafficking directly from the White House under the direction of Oliver North and Vice President George Bush as part of an operation that came to be known as Iran-Contra… The Clintons’ rise to the White House was fueled by the Iran Contra operations in Arkansas… For three years now I have listened to descriptions by retired military and intelligence folksabout why so much money has gone missing at HUD and HUD’s role in a series of slush funds around the government… In 2000 I visited with a senior staff assistant to the Chairman of one of the appropriations committees for HUD. I asked him what he thought was going on at HUD. He said, “HUD is being run as a criminal enterprise.”… https://ratical.org/co-globalize/CAFmrl.pdfHouse Speaker Mike Johnson’s ‘adopted’ 40-year-old son Michael Tirrell James in court on charges of running illegal cannabis business and possession of brass knuckles – as it’s revealed rap sheet goes back to 2003 – Johnson’s surprise election as Speaker led to increased scrutiny and renewed questions about his ‘adopted’ son…https://www.dailymail.co.uk/news/article-12698545/House-Speaker-Mike-Johnsons-adopted-son-court-drug-brass-knuckles.html “A democracy cannot exist as a permanent form of government. It can only exist until the voters discover that they can vote themselves largesse from the public treasury. From that moment on, the majority always votes for the candidates promising the most benefits from the public treasury with the result that a democracy always collapses over loose fiscal policy, always followed by a dictatorship. The average age of the world’s greatest civilizations has been 200 years. These nations have progressed through this sequence: From bondage to spiritual faith; From spiritual faith to great courage; From courage to liberty; From liberty to abundance; From abundance to selfishness; From selfishness to apathy; From apathy to dependence; From dependence back into bondage.” ― Alexander Fraser Tytler “Thieves of private property pass their lives in chains; thieves of public property in riches and luxury.” — Cato the Elder ‘Die MAGA die’: Dem congressional candidate (NY) in hot water for X post after Ukraine votehttps://www.foxnews.com/politics/dem-congressional-candidate-hot-water-declaring-die-maga-die-ukraine-vote-you-loseNYC high school soccer game canceled after group of about 30 migrants refuse to leave the field — even after cops showed up – it is a sign of the Big Apple becoming “lawless.”…https://nypost.com/2024/04/20/us-news/nyc-high-school-soccer-game-canceled-after-group-of-about-30-migrants-refuse-to-leave-the-field-even-after-cops-showed-up/ @WBBMNewsradio: A Chicago police officer was shot and killed on the Southwest Side early Sunday morning, and city leaders have promised to put “e
GREG HUNTER iINTERVIEWING ALEX NEWMAN
UN Plans Tyrannical Future for You – Alex Newman By Greg Hunter On April 21, 2024Award-winning journalist Alex Newman, author of the popular book “Deep State” and the new best-selling book called “Indoctrinating Our Children to Death,” says the UN’s quest for total tyrannical control of your life is coming sooner than you could imagine. Newman explains, “The bigger story here that people are not paying attention to is the UN is coming together in September . . . and they are having ‘The Summit of the Future.’ They are telling us they are going to bring out radical drastic reforms in the structure of the UN . . . and the power of the UN. Think of it as the biggest power grab ever at the global level. The Secretary General of the UN (António Guterres) has put out briefs where he is calling for the UN to be the one world global dictatorship with him at the helm. In emergencies, the UN would have all power in emergencies and have all power to oversee emergency response. . . . They say the crisis could be a climate crisis, an economic crisis, environmental crisis, pandemic crisis, black swan crisis or maybe something from outer space. So, basically, anything could be a crisis, and when the Secretary General declares a crisis, all power and authority would go to the UN. This is like a blank check on the wealth and liberty on every person on the planet, and this is coming soon. It is eminent. This is coming in September at the UN, and it is a power grab of historic proportions. They know their time is short, and they are going for the big enchilada here. This is really a summit for a tyrannical future. . . . They want control of every aspect of your life.”If you think the “depopulation” or murder program by the Deep State is some sort of conspiracy theory or myth, think again. Newman says, “One of the interesting things about going to the UN conferences is they are totally open and totally transparent about the fact that they think there are way too many of us on this planet. We are taking up their space and consuming their resources. They say this openly. They say there are way too many people having way too many babies, and we have to drastically cut back on the number of people on the planet. They have a whole agency dedicated to this called the UN Population Fund.”One sure fire way to kill a lot of people in a short amount of time is war. Newman says, “They have understood, the globalists, the Deep State, the evil doers and the sick cabal, have understood for a very long time that war was the best mechanism for bringing about their totalitarian one world government. This is not speculation on my part. This is what they say. Their game plan is war, famine, energy crisis and economic crisis. These are all tools and catalysts for accelerating this agenda. If millions of people die in a third world war, and it does not matter if it is Iran and Israel, or China and Tiawan, or Ukraine and Russia, it really does not matter, they want millions and millions of people dead so people will give up their attachment to the nation state, self- government and individual liberty and give up anything, money or freedom, anything to make it stop.”Don’t lose hope because Newman also talks about all the things you can do to not comply with tyranny. Newman also points out what state and local governments can do and are doing to resist this UN total control of everything. Newman says, “We are at war, and everyone needs to put on the full armor of God.”There is much more in the 40-minute interview.Join Greg Hunter of USAWatchdog.com as he goes One-on-One with hard-hitting journalist Alex Newman, founder of LibertySentinel.org and author of the runaway best-selling new book called “Indoctrinating Our Children to Death,” for 4.20.24.
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