GOLD PRICE CLOSED UP $8.15 TO $2424.05
SILVER PRICE DOWN $0.24 TO $30.92
Democracy is two wolves and a lamb voting on what to have for lunch. Liberty is a well-armed lamb contesting the vote.” — Benjamin Franklin
Gold ACCESS CLOSED $2422.30
Silver ACCESS CLOSED: $30.69
Bitcoin morning price:$62,516 up 4568 DOLLARS. bankers doing a good job destroying the value of bitcoin
Bitcoin: afternoon price: $63,831 UP 5883 dollars//
Platinum price closing DOWN 1.45 TO $1000.00
Palladium price; DOWN $23.25 AT $952.85
END
SHANGHAI GOLD PREMIUM 11 DOLLARS/COMEX GOLD//august to august
SHANGHAI GOLD (USD) FUTURES – QUOTES
Last Updated 15 Jul 2024 12:44:07 PM CT.
Market data is delayed by at least 10 minutes.
*CANADIAN GOLD: $3312.88 UP 27.88 CDN dollars per oz( * NEW ALL TIME HIGH 3,312.88 CDN DOLLARS PER OZ//JULY 15 2024)
*BRITISH GOLD: 1,867,71.04 UP 11,68 Pounds per oz// *(NEW ALL TIME HIGH//CLOSING///1933.24 BRITISH POUNDS/OZ) APRIL 19/2024
*EURO GOLD: 2,222,60 UP 12,60 Euros per oz //* (ALL TIME CLOSING HIGH: 2.248.89 EUROS PER OZ//APRIL 16//.2024)
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END
EXCH: COMEX
FUT 1
190 H BMO CAPITAL 14
363 H WELLS FARGO SEC 110
435 H SCOTIA CAPITAL 208
624 H BOFA SECURITIES 1
657 C MORGAN STANLEY 2
661 C JP MORGAN 341
690 C ABN AMRO 1
732 C RBC CAP MARKETS 1
737 C ADVANTAGE 3 7
905 C ADM 1
TOTAL: 345 345
MONTH TO DATE: 3,105
JPMorgan stopped 0/345
GOLD: NUMBER OF NOTICES FILED FOR JUNE/2024. CONTRACT: 345 NOTICES FOR 34500 OZ or 1.0730 TONNES
total notices so far: 3105 contracts for 310500 Oz (9.657 tonnes)
FOR JULY:
SILVER NOTICES: 11 NOTICE(S) FILED FOR 0.055 million
OZ/
total number of notices filed so far this month : 5966 for 29.755 million oz
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END
GLD/
BOTH GLD AND SLV ARE FRAUDULENT VEHICLES//THEY ARE NOW RAIDING GLD AND SLV FOR PHYSICAL
THE CROOKS ARE STEALING GOLD AND SILVER FROM THE GLD/SLV AND REPLACING THE PHYSICAL WITH PAPER DOLLARS.
WITH GOLD UP $8.15 INVESTORS SWITCHING TO SPROTT PHYSICAL (PHYS) INSTEAD OF THE FRAUDULENT GLD/ NO CHANGES IN GOLD INVENTORY AT THE GLD/
/ /INVENTORY RESTS AT 835.09 TONNES
INVENTORY RESTS AT 835.09 TONNES
SLV/
WITH NO SILVER AROUND AND SILVER DOWN 24 CENTS AT THE SLV//
HUGE CHANGES IN SILVER INVENTORY AT THE SLV:A WITHDRAWAL OF 2.145 MILLION OZ FROM THE SLV/
// INVENTORY LOWERS TO 433.480 MILLION OZ/
INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV.
CLOSING INVENTORY: 433.480 MILLION OZ
Let us have a look at the data for today
SILVER//OUTLINE
SILVER COMEX OI FELL BY A HUGE SIZED 2288 CONTRACTS TO 162,892 AND CONTINUING ON ITS MARCH TO THE RECORD HIGH OI OF 244,710, SET FEB 25/2020, AND THIS HUGE SIZED GAIN IN COMEX OI WAS ACCOMPLISHED WITH OUR LOSS OF $0.65 IN SILVER PRICING AT THE COMEX ON FRIDAY’S TRADING ON SILVER. WE HAD ZERO LIQUIDATION AS WE HAD A HUGE NET LOSS OF 1577 CONTRACTS ON OUR TWO EXCHANGES. WE, AGAIN HAD CONSIDERABLE SHORT COVERING BY OUR SPECS WITH THE STRONG LOSS IN PRICE AS WELL AS MASSIVE T.A.S. LIQUIDATION WHICH ACCOUNTS FOR THE STRONG LOSS ON THE TWO EXCHANGES. WE HAD ANOTHER STRONG SIZED 695 T.A.S ISSUANCE,
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. THE HIGHER ISSUANCE OF T.A.S. IS NOW USED TO TEMPER OUR SILVER/GOLD PRICE RISE OR RAID AS WHAT HAPPENED SEVERAL TIMES LAST MONTH.
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: 698 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 NOW SEEMS THAT THE OCC HAS ORDERED THE BANKS TO REDUCE ITS NEW LEVEL OF 1/2 TRILLION DOLLARS IN GOLD/SILVER DERIVATIVES AND THUS THE REASON FOR CONSTANT RAIDS. IT ALSO LOOKS LIKE THE FED (GOV’T) IS BEHIND EVERY DAY TRADING.
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 SUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT FELL BY $0.65) BUT WERE SUCCESSFUL IN KNOCKING A FEW SILVER LONGS FROM THEIR PERCH AS WE DID HAVE A HUMONGOUS SIZED LOSS OF 1438 CONTRACTS ON OUR TWO EXCHANGES WITH THE LOSS IN PRICE OF $0.65.
WE MUST HAVE HAD:
A HUGE SIZED 850 CONTRACT ISSUANCE OF EXCHANGE FOR PHYSICALS) iiii) AN INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 28.490 MILLION OZ (FIRST DAY NOTICE) FOLLOWED BY TODAY’S QUEUE JUMP OF 85,000 OZ
//NEW STANDING FOR SILVER//JUNE IS THUS 30.455 MILLION OZ
WE HAD:
/ HUGE SIZED COMEX OI LOSS //STRONG SIZED EFP ISSUANCE/ VI) HUGED SIZED NUMBER OF T.A.S. CONTRACT ISSUANCE 695 CONTRACTS)/
I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL ADDED 139
CONTRACTS //
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS JUNE ACCUMULATION FOR EFP’S SILVER/JPMORGAN’S HOUSE OF BRIBES/STARTING FROM FIRST DAY/MONTH OF JULY
TOTAL CONTRACTS for 10 DAYS, total 9997 contracts: OR 49.985 MILLION OZ (999 CONTRACTS PER DAY)
TOTAL EFP’S FOR THE MONTH SO FAR: 49.985 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 111.035 MILLION OZ(SLIGHTLY GREATER THAN THAN LAST MONTH)
MAY 66.120 MILLION OZ/INITIAL (MUCH SMALLER THIS MONTH)
JUNE: 110.395 MILLION OZ//MUCH LARGER THAN LAST MONTH
JULY 85.745 MILLION OZ (SMALLER THAN LAST MONTH)
AUGUST: 171.43 MILLION OZ (THIS MONTH IS GOING TO BE HUGE //2ND HIGHEST ON RECORD
SEPT: 72.705 MILLION OZ (SMALLER THIS MONTH)
OCT: 97.455 MILLION OZ
NOV. 50.050 MILLION OZ
DEC. 66.140 MILLION OZ//
TOTAL 2023: 1,104.10 MILLION OZ/
JAN ’24 : 78.655 MILLION OZ//
FEB /2024 : 66.135 MILLION OZ./FINAL
MARCH: 143.750 MILLION OZ// 4TH HIGHEST ON RECORD.
APRIL: 161.770 MILLION OZ (THIS MONTH WILL BE A WHOPPER OF ISSUANCE OF EFPS//3RDHIGHEST EVER RECORDED FOR A MONTH)
MAY: 135.995 MILLION OZ //WILL BE A STRONG MONTH FOR EXCHANGE FOR PHYSICAL ISSUANCE
JUNE 110.575 MILLION OZ ( WILL BE ANOTHER STRONG MONTH ISSUANCE)
JULY: 49.885 MILLION OZ
RESULT: WE HAD A HUGE SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 2288 CONTRACTS WITH OUR L;OSS IN PRICE OF SILVER PRICING AT THE COMEX//FRIDAY.,. THE CME NOTIFIED US THAT WE HAD A HUGE EFP ISSUANCE CONTRACTS: 698 ISSUED FOR SEPT 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 JULY OF 28.496 MILLION OZ ON FIRST DAY NOTICE FOLLOWED BY TODAY’S 85,000 OZ QUEUE JUMP WHERE THEY WILL TRY AND TAKE DELIVERY ON THIS SIDE OF THE POND.
//NEW TOTAL STANDING FOR JULY 30.455 MILLION OZ
WE HAVE A HUGE SIZED LOSS OF 1438 OI CONTRACTS ON THE TWO EXCHANGES WITH THE GAIN IN PRICE. THE TOTAL OF TAS INITIATED CONTRACTS TODAY: A STRONG SIZED 698 CONTRACTS,//HUGE FRONT END OF THE TAS CONTRACTS WERE LIQUIDATED DURING THE FRIDAY COMEX TRADING/// WITH MAJOR SHORT COVERING FROM OUR SPEC SHORTS AND ZERO LIQUIDATION OF LONGS.
THE NEW TAS ISSUANCE FRFIDAY NIGHT (698) WILL BE PUT INTO “THE BANK” TO BE COLLUSIVELY USED AT A LATER DATE//AND MOST LIKELY TODAY., .
WE HAD 11 NOTICE(S) FILED TODAY FOR 0.055 million OZ
THE SILVER COMEX IS NOW BEING ATTACKED FOR METAL BY LONDONERS ET AL.
GOLD//OUTLINE
IN GOLD, THE COMEX OPEN INTEREST FELL BY A STRONG SIZED 7471 OI CONTRACTS TO 549,496 AND 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: ADDED 530 CONTRACTS
WE HAD A STRONG SIZED DECREASE IN COMEX OI (7,471 CONTRACTS) OCCURRED WITH OUR TINY LOSS OF $0.25 IN PRICE/FRIDAY. THE FRBNY SUPPLIED THE NECESSARY SHORT PAPER. WE ALSO HAD A HUGE INITIAL STANDING IN GOLD TONNAGE FOR JUNE AT 7.5645 TONNES ON FIRST DAY NOTICE FOLLOWED BY TODAY’S 34700 OZ QUEUE JUMP
NEW STANDING 9.760 TONNES
/ ALL OF THIS HAPPENED WITH OUR $0.25 LOSS IN PRICE WITH RESPECT TO FRIDAY’S TRADING. WE HAD A SMALL SIZED LOSS OF 718 OI CONTRACTS (3.590 PAPER TONNES) ON OUR TWO EXCHANGES.
E.F.P. ISSUANCE
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A STRONG SIZED 6753 CONTRACTS:
The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 549,496
IN ESSENCE WE HAVE A FAIR SIZED DECREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 718 CONTRACTS WITH 7471 CONTRACTS DECREASED AT THE COMEX// AND A STRONG SIZED 6750 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI LOSS ON THE TWO EXCHANGES OF 1577 CONTRACTS.. WE HAD THE FOLLOWING TAS CONTRACTS INITIATED (ISSUED): ANOTHER MEGA MEGA HUMONGOUS SIZED 34,138 CONTRACTS,,(5TH DAY IN A ROW OF THESE HUMONGOUS ISSUANCES)
CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES
WE HAD A STRONG SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (6753 CONTRACTS) ACCOMPANYING THE STRONG SIZED LOSS IN COMEX OI OF 7471 CONTRACTS/TOTAL LOSS FOR OUR THE TWO EXCHANGES: 718 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 JUNE AT 7,5645 TONNES FOLLOWED BY TODAY’S 34700 OZ QUEUE JUMP
//NEW STANDING /JULY 9;760 TONNES.
/ 3) HUGE T.A.S. LIQUIDATION OF CONTRACTS WITH ZERO NET LONG SPECS BEING CLIPPED,
4) HUGE SIZED COMEX OPEN INTEREST GAIN 5) FAIR ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER///MEGA HUMONGOUS T.A.S. ISSUANCE: 43,273 CONTRACTS//
HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS IN 2023-2024 INCLUDING TODAY
JULY
ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF JULY. :
TOTAL EFP CONTRACTS ISSUED: 46,452 CONTRACTS OR 4645,200 OZ OR 144.48 TONNES IN 10 TRADING DAY(S) AND THUS AVERAGING: 4645 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 10 TRADING DAY(S) IN TONNES 144.48 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2023, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 144.48 DIVIDED BY 3550 x 100% TONNES = 4.11% OF GLOBAL ANNUAL PRODUCTION
ACCUMULATION OF GOLD EFP’S YEAR 2021 TO 2023
JANUARY/2021: 265.26 TONNES (RAPIDLY INCREASING AGAIN)
FEB : 171.24 TONNES ( DEFINITELY SLOWING DOWN AGAIN)..
MARCH:. 276.50 TONNES (STRONG AGAIN/
APRIL: 189..44 TONNES ( DRAMATICALLY SLOWING DOWN AGAIN//GOLD IN BACKWARDATION)
MAY: 250.15 TONNES (NOW DRAMATICALLY INCREASING AGAIN)
JUNE: 247.54 TONNES (FINAL)
JULY: 188.73 TONNES FINAL
AUGUST: 217.89 TONNES FINAL ISSUANCE.
SEPT 142.12 TONNES FINAL ISSUANCE ( LOW ISSUANCE)_
OCT: 141.13 TONNES FINAL ISSUANCE (LOW ISSUANCE)
NOV: 312.46 TONNES FINAL ISSUANCE//NEW RECORD!! (INCREASING DRAMATICALLY)//SIGN OF REAL STRESS//SURPASSING THE MARCH 2021 RECORD OF 276.50 TONNES OF EFP
DEC. 175.62 TONNES//FINAL ISSUANCE//
TOTALS: 2,578.08 TONNES/2021
JAN:2022 247.25 TONNES //FINAL
FEB: 196.04 TONNES//FINAL
MARCH/2022: 409.30 TONNES //FINAL( THIS IS NOW A RECORD EFP ISSUANCE FOR MARCH AND FOR ANY MONTH.
APRIL: 169.55 TONNES (FINAL VERY LOW ISSUANCE MONTH)
MAY: 247.44 TONNES FINAL//
JUNE: 238.13 TONNES FINAL
JULY: 378.43 TONNES FINAL
AUGUST: 180.81 TONNES FINAL
SEPT. 193.16 TONNES FINAL
OCT: 177.57 TONNES FINAL ( MUCH SMALLER THAN LAST MONTH)
NOV. 223.98 TONNES//FINAL ( MUCH LARGER THAN PREVIOUS MONTHS//comex running out of physical)
DEC: 185.59 tonnes // FINAL
TOTAL: 2,847,25 TONNES/2022
JAN 2023: 228.49 TONNES FINAL//HUGE AMOUNT OF EFP’S ISSUED THIS MONTH!!
FEB: 151.61 TONNES/FINAL
MARCH: 280.09 TONNES/INITIAL (ANOTHER STRONG MONTH FOR EFP ISSUANCE)
APRIL: 197.42 TONNES
MAY: 236.67 TONNES (A VERY STRONG ISSUANCE FOR THIS MONTH)
JUNE: 172.667 TONNES (WEAKER ISSUANCE THIS MONTH)
JULY: 151.69 TONNES (WEAKER THAN LAST MONTH)
AUGUST: 195.28 TONNES (A STRONGER MONTH)//FINAL
SEPT: 254.709 TONNES (WILL BE LARGER THAN LAST MONTH AND A STRONG MONTH)
OCT. 248.09 TONNES. LIKE SILVER, THIS MONTH IS GOING TO BE A STRONG E.F.P. ISSUANCE.
NOV. 239.16 TONNES//WILL BE STRONG THIS MONTH,
DEC. 213.704 TONNES. A STRONG MONTH//
TOTAL FOR YEAR 2023: 2,569.57 TONNES VS 2578 TONNES LAST YEAR
JAN ’24: 291.76 TONNES (WILL BE MUCH GREATER THAN LAST MONTH.//3RD HIGHEST EVER RECORDED EXCHANGE FOR PHYSICAL)
FEB’24: 201.947 TONNES
MARCH 2024: 352.21 TONNES//2ND HIGHEST EVER RECORDED EFP ISSUANCE.
APRIL: 267.05TONNES (WILL BE AN EXTREMELY STRONG MONTH BUT LESS THAN MARCH 2024)
MAY; 316.606 TONNES (WILL BE ANOTHER STRONG MONTH// 3RD HIGHEST RECORDED EFP ISSUANCE )// NOTICE THE HUGE INCREASES IN EX FOR PHYSICAL THESE PAST FEW MONTHS. THESE CONTRACTS ARE CIRCLED BACK FROM LONDON WHEREBY METAL IS REMOVED FROM THE COMEX.
JUNE 175.11 tonnes HEADING FOR A WEAKER MONTH AND MUCH LESS THAN THE THREE PREVIOUS MONTHS
JULY: 144.48 TONNES
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 AUGUST. 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 (AUG), AND THAT IS WHEN THE CROOKS SELL THEIR SPREAD POSITIONS BUT NOT AT THE SAME TIME OF THE DAY. THEY WILL USE THE SELL SIDE OF THE EQUATION TO CREATE THE CASCADE (ALONG WITH THEIR COLLUSIVE FRIENDS) AND THEN COVER ON THE BUY SIDE OF THE SPREAD SITUATION AT THE END OF THE DAY. THEY DO THIS TO AVOID POSITION LIMIT DETECTION. THE LIQUIDATION OF THE SPREADING FORMATION CONTINUES FOR EXACTLY ONE WEEK AND ENDS ON FIRST DAY NOTICE.”
WHAT IS ALARMING TO ME, ACCORDING TO OUR LONDON EXPERT ANDREW MAGUIRE IS THAT THESE EFP’S ARE BEING TRANSFERRED TO WHAT ARE CALLED SERIAL FORWARD CONTRACT OBLIGATIONS AND THESE CONTRACTS ARE LESS THAN 14 DAYS. ANYTHING GREATER THAN 14 DAYS, THESE MUST BE RECORDED AND SENT TO THE COMPTROLLER, GREAT BRITAIN TO MONITOR RISK TO THE BANKING SYSTEM. IF THIS IS INDEED TRUE, THEN THIS IS A MASSIVE CONSPIRACY TO DEFRAUD AS WE NOW WITNESS A MONSTROUS TOTAL EFP’S ISSUANCE AS IT HEADS INTO THE STRATOSPHERE.
The crooks also use the spread in the TAS account (trade at settlement). They buy the spot TAS (e.g. June) and sell the future TAS two months out (e.g. August). Then they unload the front month (i.e. unload the buy side first so the price of gold/silver falls. This occurs in the middle of the front delivery month cycle. They unload the sell side of the equation, two months down the road. The crooks violate position limits as the OCC refuse to hear our complaints.
First, here is an outline of what will be discussed tonight:
1.TODAY WE HAD THE OPEN INTEREST AT THE COMEX IN SILVER FELL BY A STRONG SIZED 2288 CONTRACTS OI TO 162,753 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 850 CONTRACTS
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
SEPT 850 and ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 850 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. IF WE TAKE THE COMEX OI LOSS OF 2288 CONTRACTS AND ADD TO THE 850 E.FP. ISSUED
WE OBTAIN A HUGE SIZED LOSS OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES OF 1438
CONTRACTS
THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES TOTALS 3.578 MILLION OZ
OCCURRED WITH OUR $0.65 LOSS IN PRICE …..
END
OUTLINE FOR TODAY’S COMMENTARY
1a/COMEX GOLD AND SILVER REPORT
(report Harvey)
b, ) Gold/silver trading overnight Europe,//GOLD COMMENTARIES
(Peter Schiff)
c) Commentaries from: Egon von Greyerz///Matthew Piepenburg via GoldSwitzerland.com, Pam and Russ Martens
ii a) Chris Powell of GATA provides to us very important physical commentaries
b. Other gold/silver commentaries
c. Commodity commentaries//
d)/CRYPTOCURRENCIES/BITCOIN ETC
2.ASIAN AFFAIRS//
MONDAY MORNING/SUNDAY NIGHT
SHANGHAI CLOSED UP 12.72 PTS OR 0.09% //Hang Seng CLOSED DOWN 277.44 PTS OR 1.60% // Nikkei CLOSED DOWN 1033.34 OR 2.45%//Australia’s all ordinaries CLOSED UP 0.69%///Chinese yuan (ONSHORE) closed DOWN TO 7,2620 CHINESE YUAN OFFSHORE CLOSED UP TO 7.2722/ Oil DOWN TO 80.06dollars per barrel for WTI and BRENT DOWN AT 84.98/Stocks in Europe OPENED ALL GREEN
ONSHORE YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING STRONGER AGAINST US DOLLAR/OFFSHORE YUAN STRONGER
A)NORTH KOREA/SOUTH KOREA
outline
b) REPORT ON JAPAN/
OUTLINE
3 CHINA
OUTLINE
4/EUROPEAN AFFAIRS
OUTLINE
5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
OUTLINE
6.Global Issues//COVID ISSUES/VACCINE ISSUES
OUTLINE
7. OIL ISSUES
OUTLINE
8 EMERGING MARKET ISSUES
9. USA
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1. COMEX DATA//AMOUNTS STANDING//VOLUME OF TRADING/INVENTORY MOVEMENTS
GOLD
LET US BEGIN:
THE TOTAL COMEX GOLD OPEN INTEREST FELL BY A STRONG SIZED 7471 CONTRACTS TO 549,496 WITH OUR LOSS IN PRICE OF $0.25 WITH RESPECT TO FRIDAY’S TRADING.
WE HAD A HUGE T.A.S. LIQUIDATION ON FRIDAY’S LOSS IN PRICE WITH ZERO LONGS BEING CLIPPED AND SOME ATTEMPTED SHORT COVERING.
EXCHANGE FOR PHYSICAL ISSUANCE
WE ARE NOW ENTERING INTO THE NON ACTIVE DELIVERY MONTH OF JULY.… THE CME REPORTS THAT THE BANKERS ISSUED A FAIR SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS.,
THAT IS A HUGE SIZED 6753 EFP CONTRACTS WERE ISSUED: : AUGUST 6753 & ZERO FOR ALL OTHER MONTHS:
TOTAL EFP ISSUANCE: 6753 CONTRACTS.
ON A NET BASIS IN OPEN INTEREST WE LOST THE FOLLOWING TODAY ON OUR TWO EXCHANGES: A FAIR SIZED TOTAL OF 1248 CONTRACTS IN THAT 6753 LONGS WERE TRANSFERRED AS EXCHANGE FOR PHYSICALS TO LONDON AND WE HAD A HUGE SIZED LOSS OF 8001 COMEX CONTRACTS..AND THIS LOSS ON OUR TWO EXCHANGES HAPPENED WITH OUR TINY LOSS IN PRICE OF $0.25/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 ANOTHER MEGA MEGA HUMONGOUS SIZED 34,138 CONTRACTS. (5TH DAY IN A ROW OF THIS TYPE OF MEGA ISSUANCE) MOST OF THE TRADING AND SUPPLY OF CONTRACTS 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. THE USE OF T.A.S. IS OF EXTREME IMPORTANCE TO OUR CROOKS IN YESTERDAY’S TRADING. TODAY’S ISSUANCE WAS ANOTHER WHOPPER.
// WE HAVE A STRONG AMOUNT OF GOLD TONNAGE STANDING: JULY (9.760 TONNES)
HERE ARE THE AMOUNTS THAT STOOD FOR DELIVERY IN THE PRECEDING 42 MONTHS OF 2021-2024:
DEC 2021: 112.217 TONNES
NOV. 8.074 TONNES
OCT. 57.707 TONNES
SEPT: 11.9160 TONNES
AUGUST: 80.489 TONNES
JULY 7.2814 TONNES
JUNE: 72.289 TONNES
MAY 5.77 TONNES
APRIL 95.331 TONNES
MARCH 30.205 TONNES
FEB ’21. 113.424 TONNES
JAN ’21: 6.500 TONNES.
TOTAL YEAR 2021 (JAN- DEC): 601.213 TONNES
YEAR 2022:
JANUARY 2022 17.79 TONNES
FEB 2022: 59.023 TONNES
MARCH: 36.678 TONNES
APRIL: 85.340 TONNES FINAL.
MAY: 20.11 TONNES FINAL
JUNE: 74.933 TONNES FINAL
JULY 29.987 TONNES FINAL
AUGUST:104.979 TONNES//FINAL
SEPT. 38.1158 TONNES
OCT: 77.390 TONNES/ FINAL
NOV 27.110 TONNES/FINAL
Dec. 64.000 tonnes
(TOTAL YEAR 656.076 TONNES)
2023:
JAN/2023: 20.559 tonnes
FEB 2023: 47.744 tonnes
MAR: 19.0637 TONNES
APRIL: 75.676 tonnes
MAY: 19.094 TONNES + 1.244 tonnes of exchange for risk = 20.338
JUNE: 64.354 TONNES
JULY: 10.2861 TONNES
AUGUST: 38.855 TONNES(INCLUDING .6842 EXCHANGE FOR RISK)
SEPT: 15.281 TONNES FINAL
OCT. 35.869 TONNES + 1.665 EXCHANGE FOR RISK =37.0355 tonnes
NOV: 18.7122 TONNES + 16.2505 EX. FOR RISK = 34.9627 TONNES
DEC. 47.073 + 4.634 TONNES OF EXCHANGE FOR RISK = 51.707 TONNES
TOTAL 2023 YEAR : 436.546 TONNES
2024
JAN ’24. 22.706 TONNES
FEB. ’24: 66.276 TONNES (INCLUDES 1.723 TONNES EX. FOR RISK)
MARCH: 18.8398 TONNES + 1.1695 EX FOR RISK = 20.093 TONNES
APRIL: 2024: 53.673TONNES FINAL
MAY/ 2024 8.5536 TONNES + 3.3716 TONNES EX FOR RISK/PRIOR= 11.9325
JUNE; 95.578 TONNES. + 1.045 TONNES EXCHANGE FOR RISK =96.623 THIS IS THE HIGHEST RECORDED GOLD STANDING SINCE AUGUST 2022
JULY: 9.760 TONNES
THE SPECS/HFT WERE SUCCESSFUL IN LOWERING GOLD’S PRICE( IT FELL BY $0.25 //// AND WERE SUCCESSFUL IN KNOCKING A FEW SPECULATOR LONGS AS WE HAD A FAIR SIZED LOSS OF 718 CONTRACTS ON OUR TWO EXCHANGES ACCOMPANYING THE TINY LOSS IN PRICE. 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 LOST A TOTAL OI OF 3.590 PAPER TONNES FROM OUR TWO EXCHANGES, ACCOMPANYING OUR INITIAL GOLD TONNAGE STANDING FOR JULY (7.5645 TONNES) ON FIRST DAY NOTICE FOLLOWED BY TODAY’S 34700 OZ QUEUE JUMP//NEW STANDING 9.760 TONNES
NEW STANDING FOR JULY: 9.760 TONNES
ALL OF THIS WAS ACCOMPLISHED WITH OUR LOSS IN PRICE TO THE TUNE OF $0.25
WE HAVE ADDED 530 CONTRACTS FROM THE COMEX TRADES TO OPEN INTEREST (CROOKS)//PRELIMINARY TO FINAL
NET LOSS ON THE TWO EXCHANGES 718 CONTRACTS OR 71,800 OZ (3.590 TONNES)
confirmed volume FRIDAY 299,817 contracts//good
//speculators have left the gold arena
JULY 15 JULY GOLD CONTRACT
/ /// THE JULY 2024 GOLD CONTRACT
| Gold | Ounces |
| Withdrawals from Dealers Inventory in oz | nil |
| Withdrawals from Customer Inventory in oz | 482.265 oz JPMorgan 15 kilobars . |
| Deposit to the Dealer Inventory in oz | |
| Deposits to the Customer Inventory, in oz | nil OZ |
| No of oz served (contracts) today | 345 notice(s) 34500 OZ 1,0730 TONNES |
| No of oz to be served (notices) | 33 contracts 3300 OZ 0.1026 TONNES |
| Total monthly oz gold served (contracts) so far this month | 3105 notices 310,500 oz 9.657 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
we have 0 customer deposit:
total deposit: nil oz
customer withdrawals: 1
i) from JPmorgan: 482.265 oz (15 kilobars)
TOTAL WITHDRAWALS NIL
Adjustment 1 DEALER TO CUSTOMER BRINKS: 25,174.233 oz
CALCULATIONS FOR THE AMOUNT OF GOLD STANDING FOR JULY
For the front month of JULY we have an oi of 130 contracts having GAINED 310 contracts. We had 37 notices filed on Friday so we gained 347 contracts or an additional 34,700 oz will stand at the comex (1.079 tonnes)
AUGUST lost 19,898 CONTRACTS DOWN TO 266,279 CONTRACTS
SEPT. GAINED 28 CONTRACTS TO STAND AT 345.
OCTOBER GAINED 1045 CONTRACTS UP TO 34,301 CONTRACTS
We had 345 contracts filed for today representing 34,500 oz
This is a major assault on the comex for gold and this time it is physical that will be requested.
Today, 0 notice(s) were issued from J.P.Morgan dealer and 341 notices were issued from their client or customer account. The total of all issuance by all participants equate to 345 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 July /2024. contract month, we take the total number of notices filed so far for the month (3105) x 100 oz ) to which we add the difference between the open interest for the front month of JULY 378( CONTRACTS) minus the number of notices served upon today (345 x 100 oz per contract( equals 279,100 OZ OR 8.6818 TONNES.
thus the INITIAL standings for gold for the JULY contract month: No of notices filed so far (3105 x 100 oz +we add the difference for front month of JULY (378 X// , OI} minus the number of notices served upon today (345) x 100 oz which equals 313,800 oz (9.760TONNES)
TOTAL COMEX GOLD STANDING FOR JULY: 9.760 TONNES WHICH IS HUGE FOR THIS NOT VERY ACTIVE DELIVERY MONTH IN THE CALENDAR.
XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX
COMEX GOLD INVENTORIES/CLASSIFICATION
NEW PLEDGED GOLD:
241,794.285 oz NOW PLEDGED /HSBC 5.94 TONNES
204,937.290 OZ PLEDGED MANFRA 3.08 TONNES
83,657.582 PLEDGED JPMorgan no 1 1.690 tonnes
265,999.054, oz JPM No 2
1,152,376.639 oz pledged Brinks/
Manfra: 33,758.550 oz
Delaware: 193.721 oz
International Delaware:: 11,188.542 oz
total pledged gold: 1,679,117.861 oz 52.22 tonnes
TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD: 17,699,327.345 OZ
TOTAL REGISTERED GOLD 7,790,633.975 ( 242.32 tonnes).
TOTAL OF ALL ELIGIBLE GOLD: 9,908,693.320 OZ
REGISTERED GOLD THAT CAN BE SERVED UPON: 6,111,516oz (REG GOLD- PLEDGED GOLD)= 190.20 tonnes //
END
SILVER/COMEX
JULY 15/2024
INITIAL
//2024// THE JULY 2024 SILVER CONTRACT//INITIAL
| Silver | Ounces |
| Withdrawals from Dealers Inventory | NIL oz |
| Withdrawals from Customer Inventory | 643,471.930oz ASAHI CNT . |
| Deposits to the Dealer Inventory | |
| Deposits to the Customer Inventory | 810,264,710 oz ASAHI Delaware JPMorgan |
| No of oz served today (contracts) | 11 CONTRACT(S) (.055 million OZ) |
| No of oz to be served (notices) | 125 contracts (0.625 million oz) |
| Total monthly oz silver served (contracts) | 5966 Contracts (29.800 MILLION oz) |
| Total accumulative withdrawal of silver from the Dealers inventory this month | NIL oz |
| Total accumulative withdrawal of silver from the Customer inventory this month |
i) 0 dealer deposit/
total dealer deposit : nil oz
i) We had 0 dealer withdrawal
total dealer withdrawals: 0 oz
We had 3 customer deposits:
i)Into ASAHI 186,279.700 oz
ii) Into Delaware 29,636.410 oz
iii) Into JPMorgan: 594,348.600 oz
total customer deposit 810,264.710 oz
JPMorgan has a total silver weight: 130.778million oz/303.110million or 43.15%
adjustment: 0
customer withdrawals: 2
i) out of CNT 50,014.920 oz
ii) out of Ashai: 593,457.01 oz
total withdrawal: 641,471.930 0z
TOTAL REGISTERED SILVER: 69.350 MILLION OZ//.TOTAL REG + ELIGIBLE. 303.110
million oz
CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR JULY:
silver open interest data:
FRONT MONTH OF JULY/2024 OI: 136 CONTRACTS HAVING LOST 100 CONTRACT(S). WE HAD 127 NOTICES FILED ON FRIDAY SO WE GAINED 27 CONTRACTS OR AN ADDITIONAL 85,000 OZ WILL STAND AT THE COMEX VIA A QUEUE JUMP TO TAKE DELIVERY OVER HERE.
AUG, SAW A LOSS OF 26 CONTRACTS TO 1248
SEPT SAW A LOSS OF 1796 CONTRACTS TO 130,613
.
TOTAL NUMBER OF NOTICES FILED FOR TODAY: 11 for 0.055 MILLION oz
CONFIRMED volume; ON FRIDAY 76,684 huge
To calculate the number of silver ounces that will stand for delivery in JULY we take the total number of notices filed for the month so far at 5966 x 5,000 oz = 29.800 MILLION oz
to which we add the difference between the open interest for the front month of JULY( 136) and the number of notices served upon today 11 x (5000 oz) equals the number of ounces standing.
Thus the standings for silver for the JULY/2024 contract month: 5966 notices served so far) x 5000 oz + OI for the front month of JULY (136)x number of notices served upon today minus (11)x 5000 oz of silver standing for the JULY contract month equates to 30.455 MILLION OZ.
New total standing: 30.455 million oz.
There are 69.360 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.
Now that we have surpassed $28.40 the next big line in the sand for silver is $34.76. After that the moon
END
GLD AND SLV INVENTORY LEVELS//
BOTH GLD AND SLV ARE MASSIVE FRAUDS!
JULY 15 WITH GOLD UP $8.15 ON THE DAY; NO CHANGES IN GOLD INVENTORY AT THE GLD;: /INVENTORY RESTS AT 835.09 TONNES
JULY 12 WITH GOLD DOWN $0.25 ON THE DAY; HUGE CHANGES IN GOLD INVENTORY AT THE GLD;: A DEPOSIT OF 1.72 TONNES OF GOLD INTO THE GLD//INVENTORY RESTS AT 835.09 TONNES
JULY 11 WITH GOLD UP $43.05 ON THE DAY; NO CHANGES IN GOLD INVENTORY AT THE GLD;:INVENTORY RESTS AT 833.37 TONNES
JULY 10 WITH GOLD UP $12.00 ON THE DAY; HUUGE CHANGES IN GOLD INVENTORY AT THE GLD; A WITHDRAWAL OF 1.44 TONNES OF GOLD VAPOUR FROM THE GLD//.//:INVENTORY RESTS AT 833.37 TONNES
JULY 9 WITH GOLD UP $5.00 ON THE DAY; NO CHANGES IN GOLD INVENTORY AT THE GLD.//:INVENTORY RESTS AT 834.81 TONNES
JULY 8 WITH GOLD DOWN $26.60 ON THE DAY; NO CHANGES IN GOLD INVENTORY AT THE GLD.//:INVENTORY RESTS AT 834.81 TONNES
JULY 5 WITH GOLD UP $29.90 ON THE DAY; HUGE CHANGES IN GOLD INVENTORY AT THE GLD..A DEPOSIT OF 1.10 TONNES OF GOLD VAPOUR INTO THE GLD//:INVENTORY RESTS AT 833.37 TONNES
JULY 3 WITH GOLD UP $35.25 ON THE DAY; HUGE CHANGES IN GOLD INVENTORY AT THE GLD..A MASSIVE DEPOSIT OF 5.76 TONNES OF GOLD VAPOUR INTO THE GLD//:INVENTORY RESTS AT 833.37 TONNES
JULY 2 WITH GOLD DOWN $4.45 ON THE DAY; NO CHANGES IN GOLD INVENTORY AT THE GLD../:INVENTORY RESTS AT 827.61 TONNES
JULY 1 WITH GOLD DOWN $.30 ON THE DAY; NO CHANGES IN GOLD INVENTORY AT THE GLD/:INVENTORY RESTS AT 829.05 TONNES
JUNE 28 WITH GOLD UP $3.80 ON THE DAY; NO CHANGES IN GOLD INVENTORY AT THE GLD/:INVENTORY RESTS AT 829.05 TONNES
JUNE 27 WITH GOLD DOWN $16.95 ON THE DAY; NO CHANGES IN GOLD INVENTORY AT THE GLD/:INVENTORY RESTS AT 829.05 TONNES
JUNE 26 WITH GOLD UP $23.70 ON THE DAY; NO CHANGES IN GOLD INVENTORY AT THE GLD/:INVENTORY RESTS AT 829.05 TONNES
JUNE 25 WITH GOLD DOWN $13.25 ON THE DAY; HUGE CHANGES IN GOLD INVENTORY AT THE GLD/:/ A STRONG WITHDRAWAL OF 2.88 TONNES OF GOLD FROM THE GLD INVENTORY RESTS AT 829.05 TONNES
JUNE 24 WITH GOLD UP$14.30 ON THE DAY; HUGE CHANGES IN GOLD INVENTORY AT THE GLD/:/ A STRONG WITHDRAWAL OF 1.72 TONNES OF GOLD/NEW TOTAL TONIGHT 831.93 TONNES
JUNE 21 WITH GOLD DOWN $37.40 ON THE DAY; HUGE CHANGES IN GOLD INVENTORY AT THE GLD/:/ A MAMMOTH 8.34 TONNES OF GOLD VAPOUR DEPOSIT/NEW TOTAL TONIGHT 833.65 TONNES
JUNE 20 WITH GOLD UP $23.60 ON THE DAY; NO CHANGES IN GOLD INVENTORY AT THE GLD/://NEW TOTAL TONIGHT 825.31 TONNES
JUNE 18 WITH GOLD UP $17.25 ON THE DAY; NO CHANGES IN GOLD INVENTORY AT THE GLD/://NEW TOTAL TONIGHT 825.31 TONNES
JUNE 17 WITH GOLD DOWN $18.25 ON THE DAY; HUGE CHANGES IN GOLD INVENTORY AT THE GLD/: /A WITHDRAWAL OF 4.03 TONNES OF GOLD FROM THE GLD////NEW TOTAL TONIGHT 825.31 TONNES
JUNE 13 WITH GOLD DOWN$35.30 ON THE DAY; NO CHANGES IN GOLD INVENTORY AT THE GLD/: /A WITHDRAWAL OF 4.89 TONNES OF GOLD FROM THE GLD////NEW TOTAL TONIGHT 830.78 TONNES
JUNE 12 WITH GOLD UP $28.30 ON THE DAY; HUGE CHANGES IN GOLD INVENTORY AT THE GLD/: /A WITHDRAWAL OF 4.89 TONNES OF GOLD FROM THE GLD////NEW TOTAL TONIGHT 830.78 TONNES
JUNE 11 WITH GOLD DOWN $0.30 ON THE DAY; NO CHANGES IN GOLD INVENTORY AT THE GLD/: / //NEW TOTAL TONIGHT 835.67 TONNES
JUNE 10 WITH GOLD UP $2,00 ON THE DAY; HUGE CHANGES IN GOLD INVENTORY AT THE GLD A WITHDRAWAL OF 1.44 TONNES OF GOLD FROM THE GLD//: / //NEW TOTAL TONIGHT 835.67 TONNES
JUNE 7 WITH GOLD DOWN $64.35 ON THE DAY; HUGE CHANGES IN GOLD INVENTORY AT THE GLD A DEPOSIT OF 3.56 TONNES OF GOLD INTO THE GLD//: / //NEW TOTAL TONIGHT 837.11 TONNES
JUNE 6 WITH GOLD UP $16.25 ON THE DAY; HUGE CHANGES IN GOLD INVENTORY AT THE GLD A DEPOSIT OF 1.34 TONNES OF GOLD INTO THE GLD//: / //NEW TOTAL TONIGHT 833.55 TONNES
JUNE 5 WITH GOLD UP $32.75 ON THE DAY; NO CHANGES IN GOLD INVENTORY AT THE GLD: / //NEW TOTAL TONIGHT 832.21 TONNES
JUNE 4 WITH GOLD DOWN $20.60 ON THE DAY; NO CHANGES IN GOLD INVENTORY AT THE GLD: / //NEW TOTAL TONIGHT 832.21 TONNES
JUNE 3 WITH GOLD UP $22.85 ON THE DAY; NO CHANGES IN GOLD INVENTORY AT THE GLD: / //NEW TOTAL TONIGHT 832.21 TONNES
MAY 31 WITH GOLD DOWN $19.40 ON THE DAY; NO CHANGES IN GOLD INVENTORY AT THE GLD: / //NEW TOTAL TONIGHT 832.21 TONNES
MAY 30 WITH GOLD UP $3.60 ON THE DAY; NO CHANGES IN GOLD INVENTORY AT THE GLD: / //NEW TOTAL TONIGHT 832.21 TONNES
MAY 29 WITH GOLD DOWN $13.55 ON THE DAY; NO CHANGES IN GOLD INVENTORY AT THE GLD: / //NEW TOTAL TONIGHT 832.21 TONNES
MAY 28 WITH GOLD UP $22.00 ON THE DAY; HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.15 TONNES OF GOLD FROM THE GLD// //NEW TOTAL TONIGHT 832.21 TONNES
GLD INVENTORY: 835.09 TONNES, TONIGHTS TOTAL
SILVER
JULY 15. WITH SILVER DOWN 24 CENTS//HUGE CHANGES IN SILVER INVENTORY: A WITHDRAWAL OF 2.145 MILLION OZ FROM THE SLV.// /INVENTORY LOWERS T0 AT 433.480 MILLION OZ.
JULY 12. WITH SILVER DOWN $.65 CENTS//NO CHANGES IN SILVER INVENTORY /INVENTORY REMAINS CONSTANT AT 435.625 MILLION OZ.
JULY 11. WITH SILVER UP $.72 CENTS//HUGE CHANGES IN SILVER INVENTORY A WITHDRAWAL OF 0.731 MILLION OZ OF SILVER VAPOUR OUT OF THE SLV.: /INVENTORY FALLS T0 435.625 MILLION OZ.
JULY 10. WITH SILVER DOWN $.04 CENTS//HUGE CHANGES IN SILVER INVENTORY A MAMMOTH WITHDRAWAL OF 3.744 MILLION OZ OF SILVER VAPOUR OUT OF THE SLV.: /INVENTORY FALLS T0 436.356 MILLION OZ.
JULY 9. WITH SILVER UP 13 CENTS//HUGE CHANGES IN SILVER INVENTORY A MAMMOTH WITHDRAWAL OF 3.744 MILLION OZ OF SILVER VAPOUR OUT OF THE SLV.: /INVENTORY FALLS T0 436.356 MILLION OZ.
JULY 8. WITH SILVER DOWN $0.73//SMALL CHANGES IN SILVER INVENTORY A MAMMOTH DEPOSIT OF 3,292,000 OZ OF SILVER VAPOUR INTO THE SLV.: /INVENTORY RISES T0 440.100 MILLION OZ.
JULY 4. WITH SILVER UP $0.85//SMALL CHANGES IN SILVER INVENTORY A MAMMOTH DEPOSIT OF 3,292,000 OZ OF SILVER VAPOUR INTO THE SLV.: /INVENTORY RISES T0 440.100 MILLION OZ.
JULY 3. WITH SILVER UP $1.08//SMALL CHANGES IN SILVER INVENTORY A SMALL WITHDRAWAL OF 639,000 OZ: /INVENTORY LOWERS T0 436,808 MILLION OZ.
JULY 2. WITH SILVER UP $0.19//NO CHANGES IN SILVER INVENTORY: /INVENTORY REMAINS AT 437.447 MILLION OZ./
JULY 1. WITH SILVER UP $0.05//XXX CHANGES IN SILVER INVENTORY: A DEPOSIT OF 182,000 OZ OF SILVER INTO THE SLV./.// /INVENTORY RISES AT 437.447 MILLION OZ./
JUNE 28. WITH SILVER UP $0.27//HUGE CHANGES IN SILVER INVENTORY: A WITHDRAWAL OF 913,000 OZ FROM THE SLV./.// /INVENTORY REMAINS AT 437.265 MILLION OZ./
JUNE 27. WITH SILVER UP $0.01//NO CHANGES IN SILVER INVENTORY: .// /INVENTORY REMAINS AT 438.178 MILLION OZ.//
JUNE 26. WITH SILVER UP $0.03//HUGE CHANGES IN SILVER INVENTORY: A HUGE WITHDRAWAL OF 2.512 MILLION OZ OF SILVER FROM THE SLV.// /INVENTORY FALLS TO 438.178 MILLION OZ.//
JUNE 25. WITH SILVER DOWN $0.63//HUGE CHANGES IN SILVER INVENTORY: A MAMMOTH DEPOSIT OF 7.835 MILLION OZ OF SILVER VAPOUR INTO THE SLV.// /INVENTORY RISE TO 440.69 MILLION OZ.//WHAT AN ABSOLUTE FRAUD.
JUNE 24. WITH SILVER DOWN $0.05//HUGE CHANGES IN SILVER INVENTORY: A WITHDRAWAL OF 2.104 MILLION OZ FROM THE SLV.// /INVENTORY LOWERS TO 432.835 MILLION OZ.
JUNE 21. WITH SILVER DOWN $1.15//NO CHANGES IN SILVER INVENTORY’// /INVENTORY REMAINS AT 434.935 MILLION OZ.
JUNE 20. WITH SILVER UP $1.17//HUGE CHANGES IN SILVER INVENTORY’ A DEPOSIT OF 5.164 MILLION OZ INTO THE SLV/// /INVENTORY RISES TO 434.929 MILLION OZ.
JUNE 18. WITH SILVER UP $0.21//NOCHANGES IN SILVER INVENTORY’ A WITHDRAWAL .730 MILLION OZ INTO THE SLV/// /INVENTORY FALLS TO 429.775 MILLION OZ.
JUNE 17. WITH SILVER UP $0.21//SMALL CHANGES IN SILVER INVENTORY’ A WITHDRAWAL .730 MILLION OZ INTO THE SLV/// /INVENTORY FALLS TO 429.775 MILLION OZ.
JUNE 14. WITH SILVER DOWN $0.10//NO CHANGES IN SILVER INVENTORY/ /INVENTORY REMAINS AT 429.083 TONNES
JUNE 13. WITH SILVER DOWN $1.10//HUGE CHANGES IN SILVER INVENTORY/ A HUGE DEPOSIT OF 1.958 MILLION OZ/INVENTORY RISES TO 429.083 TONNES
JUNE 12 WITH SILVER UP $0.97 TODAY: HUGE CHANGES IN SILVER INVENTORY: //A HUGE DEPOSIT OF 5.983 MILLION OZ INTO THE SLV// INVENTORY RISES TO ; 427.125 MILLION OZ
JUNE 11 WITH SILVER DOWN $0.59 TODAY: HUGE CHANGES IN SILVER INVENTORY: //A HUGE DEPOSIT OF 1.644 MILLION OZ INTO THE SLV// INVENTORY RISES TO ; 422.786 MILLION OZ
JUNE 10 WITH SILVER UP $0.30 TODAY: HUGE CHANGES IN SILVER INVENTORY: //A HUGE DEPOSIT OF 3.198 MILLION OZ INTO THE SLV// INVENTORY RISES TO ; 421.142 MILLION OZ
JUNE 7 WITH SILVER DOWN $1.93 TODAY: NO CHANGES IN SILVER INVENTORY: //A HUGE DEPOSIT OF 2.649 MILLION OZ INTO THE SLV// INVENTORY AT 417.944 MILLION OZ
JUNE 6 WITH SILVER UP $1.27 TODAY: HUGE CHANGES IN SILVER INVENTORY: //A HUGE DEPOSIT OF 2.649 MILLION OZ INTO THE SLV// INVENTORY INCREASES TO 417.944 MILLION OZ
JUNE 5 WITH SILVER UP 0.38 TODAY: HUGE CHANGES IN SILVER INVENTORY: //A HUGE DEPOSIT OF 1.52 MILLION OZ INTO THE SLV// INVENTORY INCREASES TO 415.295 MILLION OZ
JUNE 4 WITH SILVER DOWN $1.08 TODAY: NO CHANGES IN SILVER INVENTORY: //INVENTORY REMAINS AT 413.775 MILLION OZ
JUNE 3 WITH SILVER UP $0.35 TODAY: NO CHANGES IN SILVER INVENTORY: //INVENTORY REMAINS AT 413.775 MILLION OZ
MAY 31 WITH SILVER DOWN $1.09 TODAY: HUGE CHANGES IN SILVER INVENTORY: A MASSIVE WITHDRAWAL OF 3.655 MILLION OZ FROM THE SLV//INVENTORY LOWERS TO 413.775 MILLION OZ
MAY 30 WITH SILVER DOWN $0.80 TODAY: NO CHANGES IN SILVER INVENTORY//INVENTORY REMAINS AT 417.430 MILLION OZ
MAY 29 WITH SILVER UP $0.20 TODAY: HUGE CHANGES IN SILVER INVENTORY AT THE SLV// A HUGE WITHDRAWAL OF 1.051 MILLION OZ INTO THE SLV//INVENTORY DECREASES TO 417.430 MILLION OZ
MAY 28 WITH SILVER UP $1.64 TODAY: HUGE CHANGES IN SILVER INVENTORY AT THE SLV// A HUGE WITHDRAWAL OF 2.832 MILLION OZ INTO THE SLV//INVENTORY INCREASES TO 418.481 MILLION OZ
CLOSING INVENTORY 433.480 MILLION OZ//
PHYSICAL GOLD/SILVER COMMENTARIES
1.PETER SCHIFF SCHIFF GOLD/MIKE MAHARRAY
The Yield Curve & Christine Lagarde Agree… Don’t Expect A “Soft Landing”
SATURDAY, JUL 13, 2024 – 10:30 AM
An inverted Treasury yield curve has historically been associated with economic downturns, preceding every recession since the late 1960s.
Earlier this year, it set a new record for remaining inverted for more than 527 days, which was the 1980 record.
The curve has inched slightly back up but remains stubbornly inverted, and now even the Wizards of Global Finance themselves like European Central Bank President Christine Lagarde are warning against assuming a “soft landing” is anything but assured for the global economy.
10-Year Treasury Constant Maturity Minus 2-Year Treasury Constant Maturity
In fact, a crash is feeling more likely by the day.
The yield curve hasn’t remained this inverted overall since the Great Depression. Recessions reliably follow this trend, but pundits are saying that this time it’s different, because it doesn’t signal a contraction in credit as it has in the past, and stocks have rallied since the inversion began. They also say that markets have become more aware of the yield curve and priced it in, reacting with cutbacks before the “real” recession sets in and forces more pain.
With a massive wave of commercial mortgage loans set to mature between 2024-2025, and record numbers of empty office buildings in American cities with little hope of finding occupants, there are at least $1.2 trillion dollars worth of reasons to be concerned.
It’s not just the US, either. The yield curve on Canadian bonds has been inverted as well, with persistent inflationary pressures remaining despite Canada’s central bank recently making the decision to cut rates. In the UK, the yield curve just recently flattened out after being inverted for over a year.
Historic inversion of the yield curve is not just a US phenomena. Canada Yield Curve also at historic levels. No, 25 bps does not fix this
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X.com/DrJStrategy/status/1810840354658123820
Unsurprisingly, Jerome Powell just ruled out a summer rate cut, citing “modest progress” on inflation. “Higher for longer” monetary policy won’t be enough to bring prices back down, but the Fed will defy expectations if it still doesn’t cut at its FOMC meeting in the fall since industries like commercial real estate and, by extension, banking itself, can’t handle elevated interest rates without imploding under the pressure of even a slightly elevated cost of borrowing. Rate cuts will then make inflation worse as the dollar tanks.
The yield curve ticked up after Trump debated with Biden, which shook up the 2024 race and fueled expectations that a Trump win was possible, leading to higher demand for yield on long-term bonds. That’s because investors expect larger fiscal deficits from a theoretical Trump administration, with anticipated tax cuts and spending increases.
Meanwhile, central banks and governments do everything they can to paint a rosy economic picture, hoping their words can override reality.
As Peter Schiff recently said about cooked economic reports like CPI and the recent jobs numbers:
“The real statistics— if we measured the economy the way we did prior to 1994— you can see why so many people are so miserable.”
Still, the spin masters of finance always have a fresh set of mental gymnastics to explain away the horrors and hubris of central planning.
The inverted yield curve, and still no official recession? It must be that central planners and markets have become so wise that the yield curve no longer means anything.
But just wait a little bit longer, and then we’ll see if the pattern ultimately holds.
END
Property Tax & The Death Of The American Dream
SUNDAY, JUL 14, 2024 – 09:00 PM
While the primary catalyst for the original English pilgrims to venture to America was religious freedom, a strong desire for independence followed closely behind. They desired to be independent of two things: poverty and government meddling. This spirit carried into the American Revolution and informed domestic policy for many years. The Homestead Act of (FIND YEAR) was enacted to allow citizens a type of independence those who first fled Britain could only dream of. Remote settlers earned their own homes by proving their merit to Mother Nature. It was fairly easy to live as one wished without violating rules and regulations. The law was a fairly small framework that attempted to allow lives free from violence and evil. The two curses they fled were now powerfully refuted. The poverty caused by government oppression of the past was replaced by success or failure based upon individual action.
While poverty enabled and created by tyranny guided pilgrims to leave, it was no easy road in the new land. Settlers often dealt with great hunger and lack because they knew it was better than the guaranteed squalor they would have faced in Europe. Americans had to bet on their futures using their competence and capabilities. They received the fruits of their labor and often lived far better than they could have before. The American government was in place to protect their ability to live a private life in which they received the benefits of their labor.
The whole American vision was built upon delayed gratification. There was no guarantee that a homesteader’s crops would thrive in any given year. Individuals who were less competent were forced to settle for a life that, while far better than before they emigrated, was below the standard of other more competent settlers. Homesteaders who wanted to fill their stomachs in winter would find they had no seed to plant in the spring. Months and years of hardship were endured to secure ownership and the ability to rest.
The government’s primary role was to protect people against anyone who desired to intrude on their hard-earned peace, whether foreign nations or malicious citizens. People worked for security and the ability to give their children security. Land was a constant investment that directly reflected its developer’s work ethic and rewarded their competency. Unlike in Europe, land was very accessible to the common man. Rather than working for lords and barons, land distinguished Americans and allowed them to work for themselves.
At the beginning of the 19th century, property taxes were small, primarily by the acre, and did not rise often. As administrative bloat and government corruption grew, property taxes gradually grew and morphed into something powerful and harmful to the core of the American dream. Property taxes became not just on the acre, but also on the valuation of the property. In some states, this tax is higher than 2% yearly. A 500,000$ house, a great deal in many locations, would force the owner to pay over 10,000$ yearly just to live on the land that they own. In complete opposition to the vision of the past, inflation and increasingly high valuations mean that as time goes on, landowners will be forced to work more just to make ends meet.
If a family worked hard to make a life on a humble piece of land and became surrounded by a luxury housing development, the resulting higher valuation would drive them to live somewhere else. This incentive to move shifts Americans towards a consumer culture rather than a culture of creation. There is less reason to put effort into any piece of land or community if an indeterminate amount of “rent” must be paid every year. That “rent” used to be primarily the sweat of the brows of the owners of that land as they worked tirelessly to cultivate it.
That vision has been replaced and land seems more like a luxury for the ultra-wealthy than any meaningful part of the American identity. Even small bits of land are not often loved and held for long. Moving constantly has become a favorite pastime of many families as they cannot seem to escape high taxes and inflation. Families continually downsizing or moving to other states cannot be sustainable as a national strategy. We must either make urban living far more appealing or face many families forced to choose between unappealing apartments or paying through the nose for ever-smaller houses. Property taxes exacerbate the attack on the root of American identity.
end
2. ALASDAIR MACLEOD/JIM RICKARDS/PAM AND RUSS MARTENS/ JAMES RICKARDS/ VON GREYERZ//GOLD AND SILVER COMMENTARY
3.CHRIS POWELL AND DAILY GOLD/SILVER DISPATCHES
4. GOLD PODCASTS//LIVE FROM THE VAULT
5 B GLOBAL COMMODITY ISSUES/FOOD IN GENERAL//FREIGHT/COCOA
ASIA TRADING//MONDAY MORNING/SUNDAY NIGHT
SHANGHAI CLOSED UP 12.72 PTS OR 0.09% //Hang Seng CLOSED DOWN 277.44 PTS OR 1.60% // Nikkei CLOSED DOWN 1033.34 OR 2.45%//Australia’s all ordinaries CLOSED UP 0.69%///Chinese yuan (ONSHORE) closed DOWN TO 7,2620 CHINESE YUAN OFFSHORE CLOSED UP TO 7.2722/ Oil DOWN TO 80.06dollars per barrel for WTI and BRENT DOWN AT 84.98/Stocks in Europe OPENED ALL GREEN
ONSHORE YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING STRONGER AGAINST US DOLLAR/OFFSHORE YUAN STRONGER
1.YOUR EARLY CURRENCY VALUES/GOLD AND SILVER PRICING/ASIAN AND EUROPEAN BOURSE MOVEMENTS/AND INTEREST RATE SETTINGS MONDAY MORNING.7:30 AM
ONSHORE YUAN: CLOSED UP TO 7.2620
OFFSHORE YUAN: UP TO 7.2722
SHANGHAI CLOSED UP 12.72 PTS OR 0.09 %
HANG SENG CLOSED DOWN 277.44 PTS OR 1.60%
2. Nikkei closed DOWN 1033.34 PTS OR 2.45%
3. Europe stocks SO FAR: ALL RED
USA dollar INDEX DOWN TO 103.81 EURO RISES TO 1.0912 UP 8 BASIS PTS
3b Japan 10 YR bond yield: FALLS TO. +1,051 Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 15806 JAPANESE YEN NOW FALLING AS WELL AS LONG TERM 10 YR. YIELDS RISING //EVENTUALLY THIS WILL BREAK THE JAPANESE CENTRAL BANK
3c Nikkei now ABOVE 17,000
3d USA/Yen rate now well ABOVE the important 120 barrier this morning
3e Gold UP /JAPANESE Yen DOWN CHINESE ONSHORE YUAN: UP OFFSHORE: UP
3f Japan is to buy INFINITE TRILLION YEN worth of BONDS. Japan’s GDP equals 5 trillion USA
Japan to buy 100% of all new Japanese debt and NOW they will have OVER 50% of all Japanese debt.
3g Oil DOWN for WTI and DOWN FOR Brent this morning
3h European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund YIELD DOWN TO +2.5040/Italian 10 Yr bond yield DOWN to 3.790 SPAIN 10 YR BOND YIELD DOWN TO 3.263%
3i Greek 10 year bond yield DOWN TO 3.442
3j Gold at $2418.70//Silver at: 30.75 1 am est) SILVER NEXT RESISTANCE LEVEL AT $34.40//AFTER 28.40
3k USA vs Russian rouble;// Russian rouble DOWN 0 AND 35/ 100 roubles/dollar; ROUBLE AT 88.35
3m oil into the 80 dollar handle for WTI and 84 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 158.06/ 10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 1.051% 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 0.8943 as the Swiss Franc is still rising against most currencies. Euro vs SF: 0.9755 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: 4.239 UP 6 BASIS PTS…
USA 30 YR BOND YIELD: 4.461 UP 6 BASIS PTS/
USA 2 YR BOND YIELD: 4.457 DOWN 1 BASIS PTS
USA DOLLAR VS TURKISH LIRA: 33.06…
10 YR UK BOND YIELD: 4.1550 DOWN 2 PTS
2a New York OPENING REPORT
Futures Jump As Trump Assassination Attempt Boost Yields, Dollar And Supercharges Market Rotation
MONDAY, JUL 15, 2024 – 07:56 AM
US equity futures are stronger with the Russell/small caps again outperforming as the market rotation was supercharged over the weekend after Trump’s assassination attempt, sending both yields and the dollar higher, and is pushing a broadening that is extending July’s gains. Futures on the S&P 500 rose 0.4% at 6:35ET am in New York, while Nasdaq 100 contracts traded 0.5% higher. Pre-mkt, Mag7 and Semis are stronger with TSLA +4.9%, AAPL +2.1% standing out. Bank earnings continue this morning. The yield curve is twisting steeper and the USD rises, as soaring odds of Trump winning the US election spurred a climb in Treasury yields, led by the long end, and revived risk appetite as US equity futures climbed, outperforming European peers. In commodities there is general weakness but some strength in base with crude leading the Energy complex. As the market shifts its focus toward earnings to search for fundamental support for the nascent broadening, the macro keys this week are Retail Sales, Housing Starts, and at least ten Fed speakers including Jerome Powell today.
In premarket trading, Apple jumped 2.1% after the tech giant was named a “top pick” at Morgan Stanley, which said its artificial intelligence platform is a “clear catalyst” to boost iPhone and iPad shipments, according to Morgan Stanley. Baxter International and Staar Surgical dropped after Morgan Stanley downgraded both companies to underweight from equal-weight. Trump Media surged 50% after a failed assassination attack over the weekend boosted the former US president’s bid to return to the White House.
After a historic weekend, investors weighed the market implications of the attack on Donald Trump that threatened to upend the US election. The attempted assassination threatened to shatter the calm that’s lately pushed the S&P 500 Index from one record to the next, causing traders who have been focused on Federal Reserve policy and economic resiliency to also consider political implications. While traders generally don’t expect the assassination attempt to derail the stock market’s trajectory, a pick-up in near-term price swings is likely, especially since Trump is now virtually guaranteed to win unless the deep state tries to whack him again and succeeds. They’ll also contend with the start of earnings season and fresh economic data that could help determine the Fed’s policy path. The assassination attempt also sent shockwaves through the nation and spurred figures on both sides of the aisle to call for leaders to rise above the political fray and attempt to heal national divisions which of course nobody will do.
While the Saturday shooting grabbed headlines in an already tumultuous political season, investors are left assessing the attack’s impact on Trump’s chances of reclaiming the presidency. Among the industries most likely to trade on his chances of re-eletion are prison operators, Bitcoin miners and firearms companies, traders said. The shooting also added a layer of uncertainty for anyone already weighing the prospect of interest-rate cuts in the world’s largest economy at the same time that equity valuations remain elevated relative to history.
“While this was a horrific event, equity futures are likely steady because investors remain very focused on Fed policy and the probability of interest-rate cuts still coming later this year,” said Yung-Yu Ma, chief investment officer at BMO Wealth Management.
A Deutsche Bank AG gauge of equity exposure among rules-based and discretionary investors jumped to the 96th percentile of historical observations last week. From a contrarian standpoint, such optimism suggests little buying power in the future.
“The assassination attempt reminds investors there are always potential unknowns which can potentially affect markets,” said Stephen Solaka, co-founder of Belmont Capital Group. “If anything, it will create a floor on volatility moving forward, but how much of a rise, if any, will be a reflection of movement in the market.”
“Equities will continue to be driven by earnings, not these events, at the index level,” said Michael Purves, chief executive officer at Tallbacken Capital Advisors. “That said, some stocks will get an added boost if Trump is perceived to be the winner in November.”
Besides political uncertainty, investors will remain focused on an earnings season that’s ramping up in the US this week with reports from Netflix Inc., Johnson & Johnson and State Street Corp., among others.
European stocks trimmed losses after weak economic data from China and as disappointing updates from Swatch and Burberry weighed on luxury shares. Miners also underperform while media and travel stocks outperform. Here are the most notable performers:
- Orkla gains as much as 6.7% after the Norwegian consumer-products group reported earnings that DNB says beat expectations on several metrics.
- Burberry shares drop as much as 17% after the British luxury label said its first-quarter performance for 2025 was “disappointing” and suspended its dividend. The group also replaced CEO Jonathan Akeroyd.
- Swatch shares drop as much as 12%, after the Swiss watchmaker reported disappointing 1H results on weak China demand and FX effects.
- Europe’s luxury stocks follow Burberry and Swatch lower, with Kering and Richemont both down at least 2.8%.
- Ocado shares slump as much as 12% after Bernstein downgraded the online grocery company to underperform, citing a slow demand take-up for its automated warehouse.
- Nordex shares fall as much as 5.2% after the wind-turbine company’s second quarter orders experienced a sharp drop from the prior year.
- BayWa shares fall as much as 35%, the most on record, after the German agricultural firm commissioned a restructuring opinion in response to “a strained financing situation.”
- TomTom shares drop as much as 9.3% after the navigation technology company said it now expects full year group and location technology revenues at the lower end of guidance ranges due to lower automotive operational revenues.
- Gjensidige shares fall as much as 9% after the Norwegian insurance group’s 2Q earnings broadly missed estimates.
- Ionos shares falls as much as 7.5% after analysts at Oddo BHF cut the German cloud solutions provider to neutral from outperform following its 1H results that included reduced sales targets for 2024-2025.
Earlier in the session, Asia stocks dropped as losses in Hong Kong offset gains in other markets after China’s economic growth disappointed. The MSCI Asia Pacific ex-Japan Index slipped 0.2%, with Chinese tech names including Tencent and Alibaba among the biggest drags. A gauge of Chinese stocks trading in Hong Kong fell the most in more than two weeks. Mainland shares edged higher with eyes on the Third Plenum underway. Traders assessed disappointing economic data from China and a ramp-up of the so-called Trump trades after an assassination attempt on the former president. Growing expectations that Donald Trump may win the US elections are also raising worries over escalating tariffs on exports from Asia’s largest economy.
In FX, the dollar rose while the Mexican peso lagged major peers, declining more than 1% on Monday. Yen traded around 157.89 per dollar with Japan out on holiday.
In rates, treasuries trade off session lows, although yields remain cheaper by up to 5bp across long-end of the curve following rising odds of Donald Trump winning the US presidential election after he survived an assassination attempt on Saturday. Short-end yields are little changed, steepening 2s10s and 5s30s curves by ~4bp on the day; 10-year at 4.22% is cheaper by 4bp vs Friday’s close with bunds and gilts in the sector little changed. Treasuries lagged core European bonds, which trade slightly richer on the day. In Europe, bund and gilt yields fell, led by the front end. US session focus includes comments from Fed Chair Powell, slated to speak during US afternoon. Treasury coupon issuance for the week includes $13b 20-year reopening (Wednesday) and $19b 10-year TIPS (Thursday)
In commodities, WTI drifts 0.2% higher to near $82.39. Spot gold falls roughly $3 to trade near $2,409/oz.
Bitcoin rose to $62,692 as markets reacted to the Trump assassination attempt which boosted the odds of his re-election; the former President is seen as being pro-crypto.
Looking at the calendar, US economic data slate includes July Empire manufacturing at 8:30am; retail sales, industrial production and housing starts are ahead this week. Fed members scheduled to speak include Powell at 12:30pm (no text, Q&A expected) and Daly (4:35pm)
Market Snapshot
- S&P 500 futures up 0.4% to 5,687.50
- STOXX Europe 600 down 0.2% to 523.16
- MXAP down 0.1% to 187.71
- MXAPJ down 0.2% to 586.07
- Nikkei down 2.4% to 41,190.68
- Topix down 1.2% to 2,894.56
- Hang Seng Index down 1.5% to 18,015.94
- Shanghai Composite little changed at 2,974.01
- Sensex up 0.3% to 80,776.63
- Australia S&P/ASX 200 up 0.7% to 8,017.62
- Kospi up 0.1% to 2,860.92
- German 10Y yield -2bps at 2.47%
- Euro little changed at $1.0907
- Brent Futures little changed at $85.06/bbl
- Gold spot down 0.1% to $2,409.37
- US Dollar Index little changed at 104.10
Top Overnight News
- Donald Trump shifted his campaign focus to unity after being wounded in an assassination attempt, asking his onetime primary rival Nikki Haley to attend the RNC in Milwaukee. Trump odds making new highs as are Republican sweep odds in the wake of Trump’s assassination attempt. Simple breakdown is good for US equities (tax cuts/deregulation), bad for intl export exposed equities (tariffs), good for dollar (tariffs/bad for mxn) and bad for rates (bear steepener). Domestic-facing US stocks have outperformed those with foreign sales.
- Meta has decided to lift restrictions on Donald Trump’s Facebook and Instagram accounts, even as the Republican presidential candidate has escalated his rhetoric against its chief executive Mark Zuckerberg. The social media company said in a post on Friday that Trump would “no longer be subject to the heightened suspension penalties” as it believes “that the American people should be able to hear from the nominees for president on the same basis”. FT
- China’s economic data is mixed, with a miss on Q2 GDP (+4.7% vs. the Street +5.1% and down from +5.3% in Q1) and June retail sales (+2% vs. the Street +3.4% and down from +3.7% in May) while industrial production for June came in slightly ahead (+5.3% vs. the Street +5%, but down from +5.6% in May). RTRS
- China withdrew cash from its banking system for a fifth consecutive month amid caution toward monetary easing as currency depreciation pressures mount. The PBOC drained a net 3 billion yuan ($414 million) of cash via its medium-term lending facility on Monday, while holding the interest rate on its one-year policy loans at 2.5%, as the Third Plenum gets underway in the nation’s capital. The twice-a-decade meeting of China’s top leadership has at times marked pivotal policy shifts. BBG
- Apple’s annual sales in India hit a record of almost $8 billion, underscoring a rapidly growing market where the iPhone maker now assembles more of its devices and operates two flagship stores. The India revenue jumped about 33% in the 12 months through March from $6 billion a year earlier, according to a person familiar with the matter. Apple’s pricey iPhones accounted for more than half of the sales. BBG
- Hamas denied it’s pulling out of cease fire talks, a day after an Israeli air strike on Gaza aimed at killing two top Hamas officials left at least 90 people dead and 300 injured. BBG
- The DOJ is considering whether to pursue additional changes in how the residential real estate market functions (the DOJ is concerned the current settlement over broker fees may not go far enough). WSJ
- Luxury stocks fell after Burberry suspended dividends and replaced its CEO, and Swatch earnings disappointed. RTRS
- Allstate’s CEO notes that the rate of auto insurance price increases is cooling, but he doesn’t see it falling below the overall CPI for the next 10 years. Barron’s
- Google parent Alphabet is in talks to buy cybersecurity startup Wiz for as much as $23 billion, a person familiar said. It would be the company’s largest acquisition. BBG
A more detailed look at global markets courtesy of Newsquawk
APAC stocks traded mixed as participants reflected on the Trump assassination attempt over the weekend and a slew of Chinese data including disappointing GDP, Retail Sales and House Prices, while Japanese markets remained closed for Marine Day. ASX 200 rose above the 8,000 level for the first time with tech and telecoms leading the gains across sectors. Hang Seng and Shanghai Comp. were mixed with the former dragged lower by losses in tech, property and consumer stocks amid mostly weak Chinese data, while the mainland just about remained afloat despite the disappointing releases in which GDP and Retail Sales missed forecasts, while House Prices further deteriorated but Industrial Production topped estimates. Furthermore, the PBoC maintained its 1-year MLF Rate and injected funds through 7-day reverse repos, while top Chinese Communist Party officials kicked off the third plenum.
Top Asian News
- PBoC conducted a CNY 100bln (CNY 103bln maturing) 1-year MLF operation with the rate kept unchanged at 2.50%, as expected.
- China’s stats bureau said China’s economic operations were generally steady in H1 but the external environment is complex and external demand is still not sufficient, while it added that the economic recovery foundation still needs to be consolidated. The stats bureau also said 5% GDP growth in H1 was ‘hard won’ and Q2 economic growth was affected by short-term factors such as extreme weather and flooding. Furthermore, it stated the Chinese economy’s medium- to long-term improving trend remains unchanged but it faces increasing external uncertainties and many domestic difficulties and challenges in H2, while it noted the property market is still in the process of adjustments.
- Goldman Sachs cuts China’s 2024 GDP growth forecast to 4.9% (prev. view of 5.0%).
- JPMorgan cuts China’s 2024 GDP growth forecast to 4.7% (prev. view 5.2%).
European bourses, Stoxx 600 (-0.2%) are almost entirely in the red, with sentiment hit following negative updates from Luxury names Burberry (-15%) and Swatch (-10%), alongside the downbeat Chinese data overnight. European sectors hold a strong negative bias; Media takes the spot alongside Travel & Leisure; Consumer Products is dragged down by the Luxury sector amid post-earning losses in Burberry & Swatch, with weak Chinese growth data also not helping; data which has also weighed on Basic Resources. US Equity Futures (ES +0.4%, NQ +5%, RTY 1%) are entirely in the green, with clear outperformance in the RTY, a continuation of the rotation play seen following US CPI last week; significant strength in Bitcoin is also helping.
Top European News
- BoE’s Dhingra said on The Rest is Money podcast that demand is too soft for inflation to rise sharply and now is the time to start normalising interest rates so we can finally stop squeezing living standards.
- UK PM Starmer is expected to introduce an AI bill as part of 35 bills to be included in the King’s Speech on Wednesday, according to FT. It was reported by Bloomberg that Starmer will use the upcoming King’s Speech to showcase his government’s efforts to spur economic growth in the UK. Furthermore, the UK government said it will strengthen the role of the Office for Budget Responsibility and enforce new spending rules in the legislative agenda in the week ahead, according to Reuters.
- Airbus (AIR FP) upgrades 20yr demand forecasts led by wide-body craft.
- Germany Economy Ministry monthly report says budget deal lays the foundation for reliable politics which should build confidence in H2.
- Italy has reportedly voted in favour of EU tariffs on Chinese EVs via written procedure, according to a diplomatic source via Reuters
FX
- DXY is pressured again and down as low as 104.09 but holding above last Friday’s 104.04 trough, and seemingly fading some of the initial strength overnight as the markets digested an assassination attempt on former President Trump.
- EUR/USD is oscillating around the 1.09 mark and respecting Friday’s 1.0862-1.0911 range. Focus will be on the ECB this week, however, the gathering is set to be a non-event with officials set to sit on their hands and most likely wait until September to enact further policy easing.
- GBP is marginally softer vs. the USD in what was an impressive run for Cable last week. 1.2990 was the high from last week with 1.30 yet to be breached.
- Steady trade for the USD/JPY after an eventful last week which was dominated by suspected intervention by Japanese officials. The pair currently holds around 157.80.
- Antipodeans are mixed with the Kiwi the laggard of the two, losing on the AUD/NZD cross which has climbed above 1.11.
- PBoC set USD/CNY mid-point at 7.1313 vs exp. 7.2548 (prev. 7.1315).
Fixed Income
- USTs were pressured overnight after the attempted assassination of former President Trump and the strengthening of his betting odds for the November election; USTs went as low as 110-24+, but were then lifted alongside a bid in EGBs in the European morning.
- Bunds were initially subdued, in tandem with the UST weakness, but has since lifted across the board with Bunds leading and approaching Friday’s 132.08 peak, a turnaround which has seemingly been driven by poor European equity performance and an easing of selling price and wage pressures in an ECB survey on Access to Finance of Enterprises.
- Gilts are firmer and following Bunds/EGBs with specifics light, but ahead of a busy data-driven docket. Gilts in a 98.07-98.32 band, unable to extend convincingly above Friday’s 98.31 peak with resistance thereafter at 98.53.
Commodities
- Crude has been choppy and off best levels overnight in the aftermath of the below-forecast Chinese GDP metrics. Since, a slight pickup has been seen in the complex, in tandem with recent Dollar weakness. Brent September trades on either side of USD 85/bbl.
- Precious metals are lower but with the downside limited amid a lack of newsflow during the European morning. XAU/USD resides in a narrow USD 2,401.40-2,414.03/oz range.
- Base metals are lower across the board as a function of the downbeat Chinese data overnight which saw GDP miss forecasts after the disappointing inflation and import metrics last week.
- Iraq’s crude oil production was above the agreed quota by 184k bpd in June, while it will adhere to the required production level in the agreement, which is 4mln bpd, for July and the coming months, according to the Iraqi Oil Minister. Furthermore, the Oil Ministry stated that Iraq will compensate for any overproduction since the beginning of the year during the compensation period that extends until the end of September 2025.
- Kuwait Petroleum Corporation announced a new ‘giant’ oil discovery with oil reserves exceeding 3bln barrels and said the newly discovered oil field’s reserves are equivalent to the country’s entire production in three years.
- India’s June Gold imports up at USD 3.06bln (prev. 3.33bln M/M), via Trade Ministry
Geopolitics: Middle East
- Two Egyptian sources said Gaza talks have stopped until the Israeli side demonstrates that it is serious, while a senior source cited by Egypt’s Al Qahera News TV stated that Egypt called for Israel to not obstruct ongoing Gaza ceasefire negotiations and not to put forward new principles that contradict what was previously agreed upon. Furthermore, a senior source claimed Israel is wasting time in formal meetings to lure the Israeli public opinion away from reaching a deal, while a Hamas senior official cited by Al Jazeera said that Hamas awaits a response from mediators on proposals introduced to Israel.
- Israeli strikes on Gaza City killed at least 17 and wounded 50, according to health officials. It was also reported that at least 71 Palestinians were killed and 289 injured in an Israeli attack on Khan Younis which targeted Hamas military chief Mohammed Deif. Furthermore, Hamas said that those killed in Khan Younis were civilians and the attack was a grave escalation, while it added that the attack showed Israel wasn’t interested in reaching a ceasefire agreement.
- Israeli military official said it was still verifying the result of a strike on Hamas military chief Mohammed Deif, while Hamas denied the killing of its top commander. It was later reported that the Israeli military said Khan Younis Brigade commander Rafa Salama was killed on Saturday by the Israeli strike on Gaza and Israel’s military chief said Hamas is trying to hide the results of the strike on its armed wing commander Deif.
- Syrian army said one soldier was killed and three others were injured in Israeli strikes on military sites and a residential building in Damascus.
- Yemen’s Houthis said they conducted military operations in the Gulf of Aden and Israel’s Eilat.
- US State Department announced on Friday new sanctions targeting Iran’s chemical weapons research and development.
Geopolitics: Other
- Kremlin spokesman Peskov said Russia is able to respond to the US deploying long-range missiles in Europe, while he warned that European capitals could be victims of the US placing long-range missiles in Europe, according to TASS.
- Chinese and Russian naval fleets recently conducted the 4th joint sea patrol in the western and northern Pacific Ocean, according to Chinese state media.
- China Maritime Safety Administration issued a navigational warning barring entry into some waters of the South China Sea where military exercises will be held from 12:00 local time on July 16th to 11:00 local time on July 17th.
- North Korean Defence Ministry condemned a joint statement by South Korea and the US on nuclear guidelines, according to KCNA.
US Event calendar
- 08:30: July Empire Manufacturing, est. -8.0, prior -6.0
Central Bank Speakers
- 12:30: Fed’s Powell Interviewed by David Rubenstein
- 16:35: Fed’s Daly Speaks in Q&A on Economy, Tech
DB’s JIm Reid concludes the overnight wrap
I’m actually taking the day off today, after this goes to press, as I’ve been ordered to join the family at a Theme Park. I hate, hate, hate rollercoasters so nothing would give me more pleasure than being at work instead. I’m going to be shattered too as I was up late watching England lose the final of the Euros last night. I’m used to such occurrences but one of my 6yr old twins was in floods of tears for an hour after the game. I had to comfort him while trying not to say “get used to it son”. Interestingly the other identical twin who is equally obsessed with sport didn’t bat an eyelid.
I’ll avoid all rollercoaster cliches but the week starts off with the financial world assessing what the failed assassination attempt on Donald Trump means for the Presidential race and for markets. Real Clear Politics has the probability of a Trump victory increasing from around 55% on Friday to around 65% as we type. On a state basis, the shooting took place in Pennsylvania, one of the three most important battleground states and one Biden almost certainly needs to win to be President given where current polling is. Before the weekend Trump was around 3.5% ahead in the state in the latest poll of polls. When Biden performed poorly in the debate 2 and a half weeks ago, Treasuries sold off 20bps in a couple of sessions as markets looked to price in a more fiscally loose Trump clean sweep. Since then there has been positive inflation data which has reversed that sell-off. With Japan closed overnight there is no US bond trading but Treasury futures are falling and are giving up much of the gains seen after Thursday’s weak CPI print so expect yields to open a handful of basis points higher. S&P 500 (+0.19%) and NASDAQ 100 (+0.26%) futures are edging higher along with the dollar index (+0.12%).
Outside of the Presidential race, the most consequential event of the week could come today as Fed Chair Powell is interviewed at the Economic Club of Washington DC at 5pm London time. Will his tone take a notably dovish shift given the soft CPI print last week. Our economists new Fed forecasts would suggest he might as they now expect three cuts in the remainder of 2024 (Sep, Nov, Dec) as a mid-cycle adjustment before three more from September 2025. See “Keeping the expansion alive with 75(bps) before ’25” for more. Eight other FOMC voters will also be on the radar this week (see them detailed in the diary at the end) so we’ll have a good idea of whether the Fed are moving direction by the end of the week. Interestingly, our economists point out that back in December 2023 and March 2024 the Fed median forecasts from the SEP expected 75bps of cuts this year with unemployment at 4.0-4.1% and core PCE inflation 2.4-2.6% by year-end. Recent data suggest that reasonable year-end forecasts are now 4.0-4.2% for unemployment and 2.5-2.6% for core PCE.
Staying with central bankers, the ECB meets on Thursday with the council expected to vote to stay on hold for now. See our economists’ preview here. Also watch for the quarterly ECB bank lending survey tomorrow. This has tentitatively turned more positive in the last couple of quarters, especially in the expectations component. In terms of the other main non-data highlights, earnings season in the US starts to build, China’s Third Plenum starts today through to Thursday with all eyes on potential policies and reforms targeted at key economic issues including the property sector. On the same days the Republican National Convention will take place with the main event being the unveiling of the Vice President nomination and the reaction to the assassination attempt. Staying with politics, Wednesday sees the UK State Opening of Parliament and the King’s Speech which contains the new government’s legislative program for the year. The following day sees a European Parliament vote on whether European Commission President Von der Leyen gets a second term.
In terms of data and earnings, on a day by day basis the highlights are as follows. Today sees US Empire manufacturing, Eurozone IP with Blackrock and Goldman reporting. Tomorrow sees the very important US retail sales, the NAHB US housing index, German/EuroZone ZEW survey, Canadian CPI with BoA and Morgan Stanley reporting. Wednesday sees US IP, capacity ulitisation, building permits, housing starts, the Fed Beige Book, UK CPI, a 20yr UST auction with Johnson and Johnson and ASML the earnings highlights. Thursday sees the US Phili Fed index, jobless claims as ever, UK employment data, and with TSMC and Netflix reporting. Friday sees Japanese CPI, UK retail sales and public finance data, German PPI with Amex the earnings highlight.
Also of note will be the stock market after a fascinating week last week where the Mag-7 underperformed the index with the highlight being Thursday’s largest performance gap between the S&P 500 and the equal weighted equivalent since November 2020, just after the Pfizer vaccine announcement. I did what I thought was a very good CoTD on Friday reminding readers of what happened to other sectors when the tech bubble burst in March 2000. The three “dullest” sectors (Consumer Staples, Healthcare and Utilities) had performed badly in the last few months of the bubble but rallied +25-35% in the final 9 months of the year as tech slumped. It wasn’t until 2001 and 2002 that the wider market really slumped. So if tech does see a correction, the market will likely go down given their size, but several sectors could rally notably. See the CoTD from Friday here.
As we start the week, Asian equity markets are seeing low trading volumes with Japan on holiday. The Hang Seng (-1.30%) is leading losses following disappointing economic figures from China while the CSI (+0.07%) and the Shanghai Composite (+0.08%) are fairly flat alongside the KOSPI (+0.02%).
Coming back to China, GDP grew +4.7% y/y in the second quarter (the worst in five quarters), missing the +5.1% forecast and down from +5.3% growth in Q1, hampered mainly by weak consumer spending and demand. On a q/q basis, GDP in the April-June period rose +0.7% from the previous quarter, versus a revised growth of +1.5% in the January-March period. Other data showed that China’s retail sales slowed to +2.0% y/y in June (v/s +3.4% expected and the worst since December 2022) after advancing +3.7% in May, thus highlighting that the world’s second largest economy is struggling to boost consumption. Adding to the negative sentiment, China’s home prices fell again in June, declining -0.67% on the month with existing home prices declining -0.85%.
Meanwhile, industrial output rose +5.3% y/y (v/s +5.0% expected) in June from a year earlier, slowing from +5.6% in May, but above expectations at least. Overall the data means that there will be a lot to discuss at the Third Plenum this week.
Now recapping last week, the main story was around US inflation after the weak US CPI on Thursday (-0.1% vs +0.1% expected) was followed by a fairly sanguine June PPI on Friday. Although headline PPI climbed more than expected, by +0.2% month-on-month (vs +0.1% expected) and +2.6% year-on-year (vs 2.3% expected), the categories used to calculate PCE were on the weaker side. This narrative found further support from the University of Michigan’s preliminary inflation expectations results for July. 1yr expectations were in line with expectations at 2.9% (down from 3.0% last month) and 5-10yr inflation expectations dipped to 2.9% (vs 3.0% expected). The survey also showed consumers becoming slightly more pessimistic on the economic outlook, with consumer sentiment disappointingly dropping from 68.2 to 66.0 (vs 68.5 expected), its lowest level in 8 months.
Off the back of the weaker inflation data, investors dialled up their expectations of Fed rate cuts, with the total number of cuts expected by year-end up +12.6bps to 63bps on the week (+2.2bps on Friday). Markets moved to fully price in a 25bps cut by the September meeting, up from 72% on Monday, spurring a rally in US Treasuries. The 2yr yield ended the week down -15.4bps (and -6.3bps on Friday) to 4.45%, its lowest level since early February. 10yr yields followed suit, falling -9.5bps (and -2.7bps on Friday) to their lowest level (4.18%) since March. In Europe it was a similar story, as 10yr bund yields finished the week -5.9bps lower, although they lost some ground on Friday (+3.3bps).
Risk assets also got a boost with the S&P 500 rising +0.87% (and +0.55% on Friday). The big story within equities was a rotation away from tech mega caps after the CPI print. The Magnificent 7 index was down -1.71% on the week (despite +0.45% on Friday). By contrast, the equal-weighted S&P 500 was up +2.90% (+0.81% Friday), while the small cap Russell 2000 gained +6.00% (and +1.09% on Friday), its largest weekly gain since November. A notable underperformer within the S&P 500 on Friday were banks (-1.50%) after underwhelming results from Wells Fargo (-6.02%), JPMorgan (-1.21%) and Citigroup (-1.81%). Meanwhile, European stocks posted a solid rally, as the STOXX 600 recorded a gain of +1.45% (and +0.88% on Friday).
There were some notable moves in the FX space. The USD dollar index weakened amid prospects of more rate cuts, falling -0.75% (and -0.33% on Friday). This followed a -0.94% decline the week before, making it the weakest two-week run for the dollar YTD. On the other side, sterling reached its highest level against the dollar in almost year at 1.2911, and the strongest against the euro in almost two years at 1.1909. Elsewhere, the yen recovered by +2.4% against the dollar across Thursday and Friday (to 157.83) amid reported FX intervention, having hit a post-1986 low earlier in the week.
2B EUROPE OPENING/TRADING
Mixed trade as participants digested data & the Trump assassination attempt – Newsquawk Europe Market Open
MONDAY, JUL 15, 2024 – 01:28 AM
- APAC stocks traded mixed as participants reflected on the Trump assassination attempt over the weekend and a slew of Chinese data.
- Chinese GDP and Retail Sales missed forecasts, while House Prices further deteriorated but Industrial Production topped estimates.
- European equity futures indicate a negative open with Euro Stoxx 50 future -0.6% after the cash market closed up by 1.3% on Friday.
- Initial strength in DXY faded, EUR/USD sits on a 1.08 handle, Cable has stalled ahead of 1.30.
- Looking ahead, highlights include EZ Industrial Production, US NY Fed Manufacturing, Canadian Wholesale Trade, Comments from Fed Chair Powell & Daly, Supply from Australia
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US TRADE
EQUITIES
- US stocks finished higher on Friday albeit off their best levels as data releases took centre stage including a hotter-than-expected PPI report which initially spurred a hawkish reaction but was swiftly pared as participants digested the details of the report with analysts at BofA noting that overall, the components of the PPI report that affect the PCE report, were softer. Furthermore, University of Michigan Sentiment disappointed and printed its lowest since November 2023, while both 1-year and 5-year ahead inflation expectations fell to 2.9% from 3.0%.
- SPX +0.55% at 5,615, NDX +0.59% at 20,331, DJI +0.62% at 40,001, RUT +1.09% at 2,148.
- Click here for a detailed summary.
NOTABLE HEADLINES
- A person was killed and two people were wounded in a suspected assassination attempt that took place at a Trump rally in Pennsylvania on Saturday which injured Donald Trump in the ear although Trump was said to be okay. It was later announced that the gunman who was killed by the Secret Service was identified as 20-year-old registered Republican Thomas Matthew Crooks. Furthermore, Trump said that he looks forward to speaking from Wisconsin this week and that it is more important than ever that they stand united.
- US President Biden said he is grateful that Trump is doing well and they had a short and good conversation on Saturday night, while Biden added an assassination attempt is contrary to everything they stand for and there is no information yet of the shooter’s motive.
- US President Biden said need to lower the temperature in politics and that ‘we are neighbours, friends, not enemies,’ while he added the Trump rally shooting calls for all to take a step back and he was thankful that Trump was not seriously injured.
- FBI Director Wray said they have committed the full force of the bureau to the investigation and that the shooter acted alone, while they have not yet identified an ideology in connection with the suspect. Furthermore, Wray said bomb specialists secured a suspicious device in the suspect’s car and the shooting is being looked at as both a domestic terrorism act and an assassination attempt.
- US House Democrats confronted President Biden directly in a virtual meeting on Friday and told him it was time for someone else to lead, according to Politico.
- Alphabet’s (GOOG) Google is near a USD 23bln deal for cybersecurity start-up Wiz, according to WSJ.
APAC TRADE
EQUITIES
- APAC stocks traded mixed as participants reflected on the Trump assassination attempt over the weekend and a slew of Chinese data including disappointing GDP, Retail Sales and House Prices, while Japanese markets remained closed for Marine Day.
- ASX 200 rose above the 8,000 level for the first time with tech and telecoms leading the gains across sectors.
- Hang Seng and Shanghai Comp. were mixed with the former dragged lower by losses in tech, property and consumer stocks amid mostly weak Chinese data, while the mainland just about remained afloat despite the disappointing releases in which GDP and Retail Sales missed forecasts, while House Prices further deteriorated but Industrial Production topped estimates. Furthermore, the PBoC maintained its 1-year MLF Rate and injected funds through 7-day reverse repos, while top Chinese Communist Party officials kicked off the third plenum.
- US equity futures edged marginally higher as markets digested increased prospects of a Trump victory with weak Chinese data.
- European equity futures indicate a negative open with Euro Stoxx 50 future -0.6% after the cash market closed up by 1.3% on Friday.
FX
- DXY initially strengthened against its major counterparts after odds of a Trump 2.0 Presidency were further boosted over the weekend after he survived a shooting at his Pennsylvania rally which also increased the prospects of higher tariffs, although gains were capped participants now await NY Fed Manufacturing data, as well as comments from Fed Chair Powell and Fed’s Daly scheduled later.
- EUR/USD retreated below 1.0900 amid early dollar strength but with downside stemmed ahead of Thursday’s ECB meeting.
- GBP/USD marginally softened after recently stalling on approach to the 1.3000 territory, while the focus in the UK this week is on the latest CPI data and the King’s Speech on Wednesday.
- USD/JPY traded rangebound on both sides of the 158.00 level amid the absence of Japanese participants.
- Antipodeans saw early headwinds although AUD/USD has since recovered most of the losses amid cross-related flows in which AUD/NZD reclaimed the 1.1100 status.
- PBoC set USD/CNY mid-point at 7.1313 vs exp. 7.2548 (prev. 7.1315).
FIXED INCOME
- 10-year UST futures were pressured amid increased bets of a Trump return to the White House after surviving an assassination attempt over the weekend, as Trump policies are anticipated by banks to result in sticky inflation and higher long-term yields.
- Bund futures followed suit to US peers and gapped lower at the open ahead of German Retail Sales and EU Industrial production.
COMMODITIES
- Crude futures saw two-way price action in which prices initially extended lower following Friday’s selling pressure and with mild headwinds after the dollar began the week on the front foot, although oil later managed to recover its losses and then some.
- Iraq’s crude oil production was above the agreed quota by 184k bpd in June, while it will adhere to the required production level in the agreement, which is 4mln bpd, for July and the coming months, according to the Iraqi Oil Minister. Furthermore, the Oil Ministry stated that Iraq will compensate for any overproduction since the beginning of the year during the compensation period that extends until the end of September 2025.
- Kuwait Petroleum Corporation announced a new ‘giant’ oil discovery with oil reserves exceeding 3bln barrels and said the newly discovered oil field’s reserves are equivalent to the country’s entire production in three years.
- Spot gold lacked firm direction with price action rangebound above the USD 2400/oz level.
- Copper futures were indecisive as participants digested a slew of soft Chinese economic data.
CRYPTO
- Bitcoin strengthened throughout the weekend and regained a firm footing above the USD 62,000 level after the Trump assassination attempt boosted the odds for a Trump re-election who is seen as pro-crypto.
NOTABLE ASIA-PAC HEADLINES
- PBoC conducted a CNY 100bln (CNY 103bln maturing) 1-year MLF operation with the rate kept unchanged at 2.50%, as expected.
- China’s stats bureau said China’s economic operations were generally steady in H1 but the external environment is complex and external demand is still not sufficient, while it added that the economic recovery foundation still needs to be consolidated. The stats bureau also said 5% GDP growth in H1 was ‘hard won’ and Q2 economic growth was affected by short-term factors such as extreme weather and flooding. Furthermore, it stated the Chinese economy’s medium- to long-term improving trend remains unchanged but it faces increasing external uncertainties and many domestic difficulties and challenges in H2, while it noted the property market is still in the process of adjustments.
DATA RECAP
- Chinese GDP QQ SA (Q2) 0.7% vs. Exp. 1.1% (Prev. 1.6%)
- Chinese GDP YY (Q2) 4.7% vs. Exp. 5.1% (Prev. 5.3%)
- Chinese Industrial Output YY (Jun) 5.3% vs. Exp. 5.0% (Prev. 5.6%)
- Chinese Retail Sales YY (Jun) 2.0% vs. Exp. 3.3% (Prev. 3.7%)
- Chinese New House Prices MM (Jun) -0.7% (Prev. -0.7%)
- Chinese New House Prices YY (Jun) -4.5% (Prev. -3.9%)
GEOPOLITICAL
MIDDLE EAST
- Two Egyptian sources said Gaza talks have stopped until the Israeli side demonstrates that it is serious, while a senior source cited by Egypt’s Al Qahera News TV stated that Egypt called for Israel to not obstruct ongoing Gaza ceasefire negotiations and not to put forward new principles that contradict what was previously agreed upon. Furthermore, a senior source claimed Israel is wasting time in formal meetings to lure the Israeli public opinion away from reaching a deal, while a Hamas senior official cited by Al Jazeera said that Hamas awaits a response from mediators on proposals introduced to Israel.
- Israeli strikes on Gaza City killed at least 17 and wounded 50, according to health officials. It was also reported that at least 71 Palestinians were killed and 289 injured in an Israeli attack on Khan Younis which targeted Hamas military chief Mohammed Deif. Furthermore, Hamas said that those killed in Khan Younis were civilians and the attack was a grave escalation, while it added that the attack showed Israel wasn’t interested in reaching a ceasefire agreement.
- Israeli military official said it was still verifying the result of a strike on Hamas military chief Mohammed Deif, while Hamas denied the killing of its top commander. It was later reported that the Israeli military said Khan Younis Brigade commander Rafa Salama was killed on Saturday by the Israeli strike on Gaza and Israel’s military chief said Hamas is trying to hide the results of the strike on its armed wing commander Deif.
- Syrian army said one soldier was killed and three others were injured in Israeli strikes on military sites and a residential building in Damascus.
- Yemen’s Houthis said they conducted military operations in the Gulf of Aden and Israel’s Eilat.
- US State Department announced on Friday new sanctions targeting Iran’s chemical weapons research and development.
OTHER
- Kremlin spokesman Peskov said Russia is able to respond to the US deploying long-range missiles in Europe, while he warned that European capitals could be victims of the US placing long-range missiles in Europe, according to TASS.
- Chinese and Russian naval fleets recently conducted the 4th joint sea patrol in the western and northern Pacific Ocean, according to Chinese state media.
- China Maritime Safety Administration issued a navigational warning barring entry into some waters of the South China Sea where military exercises will be held from 12:00 local time on July 16th to 11:00 local time on July 17th.
- North Korean Defence Ministry condemned a joint statement by South Korea and the US on nuclear guidelines, according to KCNA.
EU/UK
NOTABLE HEADLINES
- BoE’s Dhingra said on The Rest is Money podcast that demand is too soft for inflation to rise sharply and now is the time to start normalising interest rates so we can finally stop squeezing living standards.
- UK PM Starmer is expected to introduce an AI bill as part of 35 bills to be included in the King’s Speech on Wednesday, according to FT. It was reported by Bloomberg that Starmer will use the upcoming King’s Speech to showcase his government’s efforts to spur economic growth in the UK. Furthermore, the UK government said it will strengthen the role of the Office for Budget Responsibility and enforce new spending rules in the legislative agenda in the week ahead, according to Reuters.
DATA RECAP
- UK Rightmove House Price Index MM (Jul) -0.4% (Prev. 0.0%)
- UK Rightmove House Price Index YY (Jul) 0.4% (Prev. 0.6%)
2e) JAPAN
JAPAN
3 CHINA
CHINA/
China’s GDP Growth Unexpectedly Tumbles As New Home Prices Plunge Most In 9 Years
BY TYLER DURDEN
SUNDAY, JUL 14, 2024 – 11:30 PM
China’s economic growth collapsed to just 4.7% YoY in the second quarter, missing all but one economist’s forecast, as the world’s second largest economy is slowly but surely grinding to a halt (absent a bazooka stimulus).
GDP, which rose 5.3% in the first quarter, had been expected to rise 5.1% based on economists polled by Bloomberg; instead growth slumped to just 4.7%, the lowest growth since March 2023.
In sequential terms, GDP fell to 0.7% QoQ in Q2 from 1.5% in Q1. Industrial production growth remained solid at +5.3% yoy in June, despite a moderation from +5.6% yoy in May, thanks to strong export growth.
China has grappled with weak consumer demand and a prolonged property slowdown, prompting greater intervention from policymakers in recent months, but in the absence of a bazooka stimulus – both fiscal and monetary – it is unlikely that anything will change and growth will continue to cool quarter after quarter, until there is a brutal recession and/or civil unrest.
Elsewhere, industrial production rose 5.3% in June, slightly above expectations of 5.0% but below the 5.6% increase in Q1, while retail sales rose just 2.0% missing expectations of 3.4% by a wide margin and in line with sluggish tourism revenue growth during the Dragon Boat Festival and the soft 618 Online Shopping Festival. Fixed Investment rose 3.9%, right on top of reduced expectations, and reflecting the tug-of-war between policy support, adverse weather conditions and still-depressed property investment.
Separately, new home prices in China fell 4.9% year on year last month, the fastest pace of decline in nine years, according to Bloomberg calculations, while new construction starts and property investment were down 23.7% and 10.1%, respectively, in the first half of the year.
According to Goldman, taking Q2 GDP and June activity data together, “domestic demand remained sluggish despite strong exports, and more policy easing is necessary through the remainder of this year, especially on the fiscal and housing fronts.”
The data release came as the Chinese Communist party’s Central Committee on Monday launched its third plenum, a four-day meeting in which the country’s leadership is expected to set the direction of economic policy. The last such event was held in 2018.
Beijing has set a full-year economic growth target of about 5%, and unless Beijing launches a bazooka stimulus, it has precisely zero chance of hitting it.
end
4.EUROPEAN AFFAIRS//UK /SCANDINAVIAN AFFAIRS
GERMANY
5/RUSSIAN AND MIDDLE EASTERN AFFAIRS
ISRAEL HAMAS/USA
Target: Deif
At Least 90 Dead In Israeli Strike On Gaza Tent Camp Targeting Hamas Oct.7 Mastermind
SATURDAY, JUL 13, 2024 – 09:35 PM
Another mass casualty strike has been reported on a refugee camp in southern Gaza, where the local health ministry says at least 90 have been killed, and 300 injured, after Israeli missiles slammed into Al-Mawasi camp, allegedly hitting tents where displaced persons were staying.
Israel has said that most of the victims were likely Hamas, and that it was going after the leader of the group’s Qassam Brigades, Muhammad Deif, a mastermind behind the Oct.7 attacks. Throughout the day Saturday the military said it was still investigating whether Deif was killed, of which there’s as yet been no confirmation.
Hamas responded by saying Israel’s “allegations about targeting leaders are false” and by design are “merely to cover up the scale of the horrific massacre.”
According to some fresh updates in the NY Times:
- The Israeli officials said the strikes had also targeted Rafah Salameh, the top Hamas commander in Khan Younis, who was with Mr. Deif at the time of the attack.
- The Gazan authorities said that a second, smaller strike hit the center of Khan Younis, a nearby city to the east of Mawasi.
- A senior American official said that Israel had told Washington that it targeted Mr. Deif, but the official said that neither Israel nor the United States could yet confirm his status.
Saudi Arabia has been among the earliest countries to weigh in, condemning the Israeli attack on the refugee camp.
“The Foreign Ministry condemns in strongest terms the continuation of genocidal massacres against the Palestinian people at the hands of the Israeli war machine, the latest of which was the targeting displaced people’s camps in Khan Younis in the south of the Gaza Strip,” the Saudi statement said.
Hardliners in Netanyahu’s coalition government have praised the strike, saying it demonstrates the need to keep intensifying operations inside Gaza. “Congratulations to the prime minister, defense minister, the IDF, and Shin Bet. Now is not the time to take the foot off Sinwar’s neck,” Finance Minister Bezalel Smotrich wrote on X.
Despite the Biden White House claiming that there’s been tentative agreement on a new ceasefire deal mediated by Qatar and Egypt, the warring sides are still publicly blaming the other for lack of a finalized hostage deal.
Meanwhile, Hamas is urging Palestinians in the West Bank to rise up against the Israeli occupiers en masse. Senior Hamas official Abdel Hakim Henini in a statement called on Palestinians to “take action against the onslaught on their compatriots in the besieged Strip, and to stand up to Israeli settlers wreaking havoc across the West Bank.”
Initial graphic scenes of the camp strike aftermath via Palestinian media…
The initial moments of the horrific Israeli massacre in al-Mawasi this morning
·
18.3K Views
“We reiterate how important it is for Palestinian youth to stand up to the occupying forces,” Henini said. “A global war is being waged against the Palestinian people, their rights and their resistance forces. The US administration is a true partner in all the massacres being perpetrated against our people.”
Simultaneously Hezbollah continues to bog down Israeli forces in the north, and it appears Hamas is hoping that a multi-front war more fully opens up. Hezbollah leadership has said that if Hamas agrees to a ceasefire deal, it too will halt its attacks from Lebanon.
END
ISRAEL/HAMAS
The Israelis have have killed Dief
(JerusalemPost)
If Israel killed Deif, it would be the nail in Hamas’s coffin – analysis
Israel views Hamas’s denials as covering up how embarrassed they were at a crucial point in the hostage-ceasefire negotiations.
By YONAH JEREMY BOBJULY 14, 2024 17:55Updated: JULY 14, 2024 19:56
About a whole day after news first broke that the IDF may have assassinated Mohammed Deif, Hamas’s military chief, there remain two contrary vectors on the story.
On the one hand, the IDF, the Shin Bet (Israel Security Service), and other defense officials tried to set a tone as if Deif was dead. Shin Bet Chief Ronen Bar and IDF Southern Command Chief Maj.-Gen. Yaron Finkleman did a joint victory lap through Rafah discussing how important the targeted killing was – a sign they believed they hit their target.
Likewise, IDF Chief of Staff Lt.-Gen. Herzi Halevi was expected to make a public declaration that would also address the attack on Deif.
Some details have since dripped out of the Shin Bet having had multiple confirmations that Deif was present at the site of the attack, and in terms of the large size of the munition that would not have allowed for his survival.
Additionally, there were Israeli views that Deif had come out of the tunnels either to get a breather, given many health problems he has with staying in tunnels for an indefinite period, while others said that he had come out thinking that hostage negotiations would give him a certain temporary level of immunity.
Further, there was visual intelligence coverage of the scene before, during, and after the strike, and there was no indication that Deif had left.
However, no one has produced a dead body, and it is unclear whether such a large bomb and so many killed Palestinians will present an opportunity to find such an identifiable one.
Add to this the fact that Deif was struck physically by the IDF multiple times, but survived anyway and that Hamas did not merely stay quiet on the issue, but sent out multiple detailed and extended denials, and the picture remains murky.
Hamas’s denial a sign of embarrassment?
On the Israeli side, the tendency was to view Hamas’s denials with condescension as covering up how embarrassed they were at a crucial point in the hostage-ceasefire negotiations.
There were also mixed messages put out by Hamas, with some saying that Israel’s “aggression” meant a freeze in the talks, while others said that Hamas was pressing on with the talks to expose that it is really Israel who does not want a deal. Former IDF intelligence analysis chief Brig.-Gen. (res.) Yossi Kuperwasser said that if Deif was killed, it could lead to an even greater strategic impact than the killing of arch-terrorists like Hezbollah’s military commander Imad Mughniyeh in 2008 or Iran’s global spy chief Qasem Soleimani in 2020.
Kuperwasser explained that many top terrorist leaders have been killed over the years and that also some are easily replaced while others are harder to replace, just about every terrorist gets replaced eventually, even if by someone less talented.
What is different in the case of Deif, said Kuperwasser, is that Hamas has currently lost control over its base physical territory and is in danger of being permanently reduced to a much more fledging and small terror group from one that once dominated the lives of 2.3 million Gazans.
Put differently, it is the combination of him being Hamas’s military mastermind and the terror groups’ desperate and pressing need to rebuild its military structure that could strategically doom a Hamas comeback.
On October 7, Hamas organized Gaza into 24 distinct battalions, each one with a separate geographic responsibility, its own weapons and supplies, and its own communications, intelligence, and tunnel networks.
Depending on different estimates, Hamas has lost anywhere from 60-80% of its forces during this war, the vast majority of its battalion commanders, three of its five brigade commanders for all of Gaza, and most of its top rocket and drone commanders.
In that context, Deif would have been more important than ever as someone who could retrain and reshape a new generation of commanders into a wider strategy and fabric.
Hamas now may lack such an experienced military master strategist, and Deif’s two closest deputies are also dead.
Expectations are that Mohammed Sinwar, Gaza Chief Yahya Sinwar’s brother, will take over if Deif is indeed dead, but he is not viewed as anywhere near as talented even with a built army, let alone where he would need to rebuild Hamas as a national military.
If Hamas fails to rebuild its military network beyond being a guerrilla terror group, it will also fail to return to constitute anywhere near the threat that it threatened Israel with for the last 15 years since it took control of Gaza.
Former IDF intelligence chief and current INSS Director Tamir Hayman defended the killing of Deif despite the potential risk it could pose to the hostage-ceasefire negotiations.
For months, he strongly supported cutting a deal with Hamas for hostages, even at the price of indefinitely freezing the war.
However, Hayman explained that killing someone at the level of Deif, the man who masterminded all of the military tactics behind the October 7 invasion, was a crucial strategic imperative, standing on its own regardless of its other impacts.
Also, he did believe that it was possible that over time, if Deif was killed, Hamas’s remaining leadership, which is shrinking increasingly, would be more amenable to returning Israeli hostages in order to at least temporarily halt their being hunted.
Much of the situation surrounding Deif is still clouded by a haze of questions.
But the strike on Saturday could eventually be looked back on as one of the critical strategic moments – not only of the war but of the competing visions to reshape the post-war order in the region.
ISRAEL /HOUTHIS
Yemen’s Houthis conduct military operations in Gulf of Aden, Israel’s Eilat
Houthi military spokesperson the latest operations came in response to the Israeli airstrike on Khan Yunis on Saturday.
By REUTERSJULY 14, 2024 22:30Updated: JULY 14, 2024 23:32
Yemen’s Houthi terror organization said on Sunday they had conducted two military operations, one in the Gulf of Aden and one in Eilat at the southern tip of Israel.
Houthi military spokesperson Yahya Saree said the group had targeted the Israeli ship MSC UNIFIC in the Gulf of Aden with ballistic missiles and drones in addition to attacking military targets in Eilat with drones.
The spokesperson said that the latest Houthi operations came in response to the Israeli airstrike on Khan Yunis on Saturday, an attack which claimed the lives of at least 90 Palestinians and wounded 300 others, according to the Hamas-run Gaza Health Ministry.
US Central Command statements
Separately, the US Central Command said in a statement on Sunday that it has “destroyed two Iranian-backed Houthi uncrewed aerial vehicles (UAV) over the Red Sea and one uncrewed surface vessel (USV) in the Red Sea,” as well as “one Houthi UAV in a Houthi-controlled area of Yemen.”
“It was determined these systems presented an imminent threat to US, coalition forces, and merchant vessels in the region,” US Central Command added.
Since November, Yemen’s Iran-aligned Houthi group has been launching drone and missile strikes in shipping lanes in the Red Sea and Gulf of Aden. The group says these actions are in solidarity with Palestinians affected by Israel’s war in Gaza.
In dozens of attacks, the Houthis have sunk two vessels, seized another and killed at least three seafarers.
END
Houthis still in control of the Red Sea
Suspected Houthi Boat Drone “Collided” With Merchant Vessel In Southern Red Sea
MONDAY, JUL 15, 2024 – 01:45 PM
Let’s take a break from the chaos in American politics and gravitate towards the Middle East.
Iran-backed Houthis are still lobbing missiles, kamikaze drones, and boat drones at Western-linked commercial vessels sailing through the critical maritime chokepoint in the Southern Red Sea.
The British military’s United Kingdom Maritime Trade Operations (UKMTO) reported a vessel was attacked by a boat drone about 97 nautical miles northwest of Al Hudaydah, Yemen.
“The Master of a merchant vessel reports being attacked by 3 small craft, blue and white in color, 2 of the small craft had 3 persons onboard, the third small craft is reported to be unmanned,” UKMTO wrote in the advisory note.
UKMTO said, “The reported unmanned small craft collided with the vessel twice and the 2 manned small craft fired at the vessel. The vessel conducted self-protection measures, after 15 minutes the small craft aborted the attack. The vessel and crew are reported safe and the vessel is proceeding to its next port of call.”
An updated advisory by UKMTO said the attack by the boat drone “caused damage and light smoke” on the port side of the vessel.
“Merchant shipping in the area is advised to halt crew deck movements and to stay well clear of vessels withholding” identification signals, British maritime security firm Ambrey said, adding the incident is consistent with previous Houthi attacks in the Southern Red Sea.
The Houthis have been attacking commercial vessels in the Red Sea and the Gulf of Aden since November in a campaign they say is in solidarity with Palestinians amid the Gaza war. This comes as the Biden administration’s efforts to ensure freedom of navigation via Operation Prosperity Guardian continue to fail on the critical maritime chokepoint.
In recent weeks, the Houthis showcased their domestic suicide boat drone technology.
Finally Yemeni Houthis showcase its homemade Unmanned Surface Vessel (drone boat) named Toofan 1. Houthis recently launched that boat to sunk the MV Tutor container ship in Red sea.
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Which has been deployed in the Red Sea (read: here)…
Houthis of Yemen has released the footage of its ‘drone explosive boat’ hitting TRANSWORLD NAVIGATOR ship off the coast of Yemen in Red Sea. The Tufan drone can carry a warhead of 1000-1500kg, making it severely dangerous for the target ship.
0:28
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There is a continued ongoing threat that spillover risks from the Red Sea and Gulf of Aden are mounting, one where the fight could result in Houthi attacks on commercial vessels in the Mediterranean Sea.
ISRAEL/HAMAS
How IDF commandos destroyed Hamas recruitment center, Islamic Jihad rocket factory
Since IDF withdrawal, Hamas has innovatively rebuilt its forces, using a UNRWA building for recruitment and weapons training, while IDF commandos disrupt these operations.
By YONAH JEREMY BOBJULY 15, 2024 18:30Updated: JULY 15, 2024 18:32
Since the IDF started withdrawing from parts of Gaza where it had taken apart Hamas’s battalions in the late winter and early spring, the Gaza terror group has been using innovative ways to rebuild its combat forces and to keep the broader population dependent on its rule.
In recent months, the IDF’s commando unit – composed of the Duvdevan, Egoz, and Maglan special units – has taken on many unique missions in Gaza, beyond the standard clear a certain sector of terrorist operations carried out by the regular IDF infantry.
The commando unit is run by Col. Omer Cohen, who the Jerusalem Post embedded with in Khan Yunis in southern Gaza in December 2023.
During an operation in Tel el-Awa in northern Gaza near Shifa last Friday, the IDF said that Cohen’s commandos had uncovered a new Hamas headquarters within a UNRWA building.
What the IDF did not disclose until Monday, however, was that Hamas was using the UNRWA building as one of its critical centers for recruiting new fighters, drone makers, and bomb builders.
After a firefight and the killing of several Hamas terrorists inside, the IDF also took apart a series of stations at the UNRWA building, which included: Hamas controlling and handing out food aid right next to a station for signing up for its combat units, right next to a seminar for building drones, right next to a separate seminar for building improvised explosives.
Recruitment methods exploit current humanitarian disaster
In other words, Hamas used a UNRWA facility where all civilians would need to come to receive food, to juxtapose all of its various fighting needs and connect Gazan civilians’ conception of their future to Hamas first in terms of food, and then in terms of terrorism.
This new method of recruitment can sidestep significant periods of ideological orientation by using the current humanitarian disaster in Gaza as the main motivation for getting civilians to join Hamas and immediately also learn how to build threatening weapons.
Near the UNRWA facility, the commandos also found a rocket-making seminar concealed in a university.
In another operation connected to Rafah in southern Gaza where the IDF has been since early May, the IDF commandos eliminated the most important remaining weapons development location for Islamic Jihad in Gaza, aspects of which were underground.
The IDF commandos acted rapidly and with precise intelligence to overcome all resistance at the Islamic Jihad weapons location and were able to intercept many of the Jihad fighters as well as the weapons they were making.
Despite these successes, the IDF warned that its soldiers would continue to encounter these systematic Hamas efforts to exploit humanitarian areas or tunnels for reconstituting its forces and its weaponry.
The IDF did not have real answers to what would break Hamas’s will to rebuild its military other than continued IDF missions to break apart any such rebuilding attempts before they expand to a dangerous point.
According to the IDF, Hamas is also using houses that seem half-destroyed and which the IDF has already attacked and moved on from, to hide many of its weapons, expecting that the military will not think to return to such locations.
Further, the IDF said that Hamas is using children often to run interference and as human shields when planting improvised explosives in areas where it anticipates IDF forces are likely to travel to.
end
ISRAEL/HEZBOLLAH/LEBANON
end
ISRAEL/HAMAS/HEZBOLLAH
ISRAEL/HEZBOLLAH
END
ISRAEL/HOUTHIS/RED SEA
END
(special thanks to Robert H for sending this to us:
RUSSIA/UKRAINE/USA/NATO
Kiev missile attack
> https://open.substack.com/pub/bmanalysis/p/kiev-missile-attack-what-happened?r=mf1&utm_medium=ios
>
end
RUSSIA/UKRAINE/USA
6.COVID ISSUES/VACCINE ISSUES//DRUG AND HEALTH ISSUES
No kidding
Former CDC Director Says FDA Underreported Adverse Vax Side Effects To Prevent Vaccine Hesitancy
SUNDAY, JUL 14, 2024 – 10:45 PM
Authored by Debra Heine via American Greatness,
Dr. Robert Redfield, the former director of Centers for Disease Control and Prevention (CDC) said Thursday that the U.S. Food and Drug Administration (FDA) pushed a false “safe and effective” COVID vaccine narrative by underreporting adverse events. The mRNA shots “never should have been mandated,” Redfield told the Senate Committee on Homeland Security and Governmental Affairs Committee on Thursday.
The Democrat-controlled Senate oversight hearing entitled “Risky Research: Oversight of U.S. Taxpayer Funded High-Risk Virus Research,” included witnesses Dr. Gerald Parker, Dr. Carrie Wolinetz, Dr. Kevin Esvelt, and Redfield.
Former President Trump’s CDC director accused the Biden government of suppressing data about vaccine injuries in an effort to prevent vaccine hesitancy.
“There was not appropriate transparency from the beginning about the potential side effects of these vaccines, and I do think there were inappropriate decisions by some to try to underreport any side effects because they argued that would make the public less likely to get vaccinated” Redfield testified.
Redfield said the biggest mistake of all was the Biden regime’s decision to mandate the mRNA products.
“They never should have been mandated,” he said. “It should have been open to personal choice. They don’t prevent infection, they do have side effects.”
A growing number of doctors and scientists now say that the cost to society and the cost to the individual taking the COVID injection far outweighed any of the proposed benefits.
Senator Ron Johnson (R-Wis.) pointed out that Biden regime officials like Dr. Peter Marks, head of the FDA’s Center for Biologics Evaluation and Research, continue to deny that the injections are dangerous.
“They’re saying they [vaccine side effects] are rare and they’re mild,” Johnson said.
“The FDA should release all of the safety data they have,” Redfield replied. “I was very disappointed to hear that they’re planning to hold on to that [safety data] until 2026,” he continued. “That really creates a sense of a total lack of trust in our public health agencies toward vaccination. It’s counterproductive,” he added.
Johnson lamented that he has been unable to get Rep. Gary Peters (D-Wis.), the chairman of the the Senate Homeland Security Committee, to issue any subpoenas to the relevant health agencies to obtain the safety data.
“I would suggest you do that,” the Republican told Peters.
Johnson was poised to spearhead investigations into COVID vaccine malfeasance himself as Chair of the Permanent Subcommittee on Investigations starting in 2023, but Republicans did not gain the majority in the 2022 midterm elections.
The Wisconsin senator said there’s “a lot more” being covered up than the COVID origin story.
“There are many aspects of our miserably failed response to COVID that needs to be uncovered, not the least of which, the sabotage of early treatment,” Johnson said. “The public has a right to know.”
end
Now measles is prevalent because of lack of immunity due to the vaccines.
(zerohedge)
Measles Detected At NYC Migrant Shelter As Biden’s Border Crisis Morphs Into Public Health Crisis
SATURDAY, JUL 13, 2024 – 08:25 PM
The Biden administration’s disastrous open southern border policies have sparked an illegal alien invasion, raising the risk of contagious diseases spreading across the US.
For some context, several months ago, Trump vowed to deport ‘nearly 20 million’ illegal migrants after Biden shredded his Executive Orders on border security on his first day in office. In total, Customs data suggests that at least 10 million illegals have crossed into the US illegally during Biden’s first term.
That said, the Biden admin has had zero problems facilitating the illegal alien invasion, many of whom are unvaxxed and unvetted folks from third-world countries, and likely bringing contagious diseases to migrant shelters in sanctuary cities.
In early March, we pointed out in a viral post…
“Major Measles Outbreak” Reported In US As Migrant Shelters Become Infectious Disease Breeding Grounds
“Major Measles Outbreak” Reported In US As Migrant Shelters Become Infectious Disease Breeding…
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ttps://x.com/zerohedge/status/1767742408081412159
… really who could’ve seen this coming.
A new report sheds light on spreading measle cases, this time in city-run migrant shelters in New York City.
Here’s more from local media outlet ABC 7:
Two measles cases have been identified among people living at one of the city’s migrant shelters, New York City health officials said.
…
According to the health department, there are 11 cases of measles in New York City as of July 12.
There was only 1 confirmed case in the city last year.
The Hall Street migrant shelter has been a point of contention for Clinton Hill residents who have complained of an uptick in trash, noise and street homelessness under the Brooklyn-Queens Expressway.
The measles cases could add to those concerns because of how contagious it can be.
Here’s what X users are saying about measle outbreaks thanks to unvaxxed and unvetted illegal aliens:
The CDC is in Chicago trying to contain a Measles outbreak in a migrant shelter… Americans had to get Covid shots to go to work or a restaurant, but the 10+ million migrants entering the country have none of the vaccinations that we actually need for public safety. Makes sense.
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Tired of being politically correct
11,000,0000 people have been admitted into the U.S. in the past 3.5 years without the need for vaccination and The CDC does not have a problem with it .
Quote
Eyewitness News
@ABC7NY
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Jul 13
Measles cases identified at NYC migrant shelter https://abc7ny.com/measles-cases-identified-nyc-migrant-shelter-clinton-hill/15056084/?
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.com/USBornNRaised/status/1812112097477558379
Americans are overwhelmingly not happy about Biden’s migrant crisis.
WORLD EVENTS NOTEWORTHY
END
WORLD HEALTH ISSUES
MARK CRISPIN MILLER
Whoopi Goldberg, Doug Emhoff “test positive for COVID”; Queens of the Stone Age cancel tour; Red Hot Chili Peppers’ Josh Klinghoffer kills pedestrian; Browns’ Bernie Kosar, 60, “fighting for his life”
FL meteorologist Katie Garner, 36, has a “heart condition”; Janel Parrish (“Pretty Little Liars”) undergoes surgery for endometriosis; Rep. John Garamendi (D-CA) diagnosed with blood cancer; & more
| MARK CRISPIN MILLERJUL 14 |
UNITED STATES
Whoopi Goldberg absent from ‘The View’ after testing positive for covid again
July 11, 2024
The View moderator Whoopi Goldberg missed today’s episode of the ABC daytime talk show after testing positive for Covid, cohost Joy Behar announced at the top of the live broadcast. “You might have noticed Whoopi is not here,” said Behar, “because Whoopi has tested positive for Covid. You know, it’s going around still. So you have to be careful!” Goldberg’s latest bout with Covid appears to be her fourth. In September 2023, she addressed her third run-in with the coronavirus by sending a video message to the show. “In spite of everything you’ve heard,” she said at the time, “I am not at Burning Man, I am not still in Italy, I am not trying to change the outcome of the election, I just have Covid.” At the time, Behar addressed vax-deniers who had pointed to the vaccinated Goldberg’s illness as evidence supporting their cause. “She’s just a little under the weather,” Behar said. “If you don’t get [the vaccine] and you get the disease you might die. This type of irrational talk drives me nuts.”
Second Gentleman Doug Emhoff tests positive for Covid-19 days after joining Biden for July 4 celebrations
July 8, 2024
Second Gentleman Doug Emhoff has tested positive for Covid-19 after experiencing mild symptoms, his office announced on Sunday – days after joining President Joe Biden for July 4 celebrations. Emhoff spokesperson Liza Acevedo said in a statement that the second gentleman “is fully vaccinated and three times boosted” and that he is “currently asymptomatic, continuing to work remotely, and remaining away from others at home.” His wife, Vice President Kamala Harris, has tested negative and remains asymptomatic. Acevedo said Harris was tested for Covid-19 on Saturday “out of an abundance of caution” and the result was negative. She is scheduled to campaign in Las Vegas for Biden’s reelection on Tuesday.
Queens of the Stone Age cancel tour dates as singer Josh Homme is rushed to surgery
July 9, 2024
Queens of the Stone Age are cancelling tour dates due to a medical emergency for lead singer Josh Homme. The band announced the shock news on their social media channels.
“QOTSA regret to announce that Josh Homme must return to the United States immediately for emergency surgery,” they announced. “Every effort was made to push through and play for you, but it is no longer an option to continue.” They confirmed the cancellation of eight shows on the European leg of their tour including dates in Berlin, Vienna and Athens. The band are currently in Europe for their ‘The End Is Nero’ tour. Fans have sent their well-wishes to Homme, 51, with thousands of comments shared on their Instagram page. Homme has been battling cancer since 2022. The type of cancer has not been disclosed. Homme told Revolver he underwent surgery to remove it. In an interview with with Zane Lowe on Apple Music 1 in 2023, Homme spoke of his tumultuous past including his past drug use and said he’d been inspired to turn over a new leaf by his personal rockstar mentor Iggy Pop.
Pianist collapses during concert, saved by audience and recovers to play again
July 6, 2024
Palm Beach County, Fla. — A pianist and composer had a full recovery thanks to audience members and officials after collapsing while playing piano during a concert due to a lethal heart rhythm. Palm Beach County Fire Rescue (PBCFR) stated that on March 16, 40-year-old Tomer Adaddi’s heart went into a lethal rhythm, leading him to collapse on his piano during a concert. A retired nurse and doctor who were in the audience immediately started CPR while the concert organizer dialed 911, according to PBCFR. It was reported that after 20 minutes of stabilizing Adaddi on stage, he was transferred to Delray Medical Center, where he was diagnosed with Burgada Syndrome. Adaddi received a defibrillator implant after spending ten days in the hospital. Tomer expressed his gratitude by meeting with his rescuers at the PBCFR station, sharing emotional moments of reuniting with his children, and rediscovering his piano ability at his previous skill level.
If you like “News from Underground” (or hate it, but get something out of it), please read this post.
“Driving while distracted,” Ex-Red Hot Chili Peppers guitarist Josh Klinghoffer is sued after allegedly killing pedestrian in California crosswalk
July 11, 2024
Former Red Hot Chili Peppers guitarist Josh Klinghoffer is facing a wrongful death lawsuit after he is accused of running over and killing a pedestrian at a crosswalk earlier this year, according to reports. Klinghoffer, 44, was allegedly behind the wheel of a black GMC Yukon when he fatally struck 47-year-old Israel Sanchez on March 18, according to a lawsuit obtained by the LA Times. The lawsuit, filed with the LA County Superior Court by the victim’s daughter, Ashley Sanchez, claims the guitarist had “thrown and/or dragged” her father “across the asphalt” upon impact, where “he sustained blunt force trauma to the head, and lay on the pavement until medical transport arrived.” After hitting the 47-year-old, the driver of the SUV was seen pulling over, walking over to the body, turning around, and quickly walking back to the car. “Video of the incident shows that defendant Josh Adam Klinghoffer made no braking or slowing motion until after he fatally struck Israel Sanchez, indicating that Defendant was likely driving while distracted,” the lawsuit stated. “This horrible outcome was foreseeable and demonstrates a willful disregard for the rights and safety of others.”
Josh Kinghoffer joins Eddie Vedder for a “Get Vaccinated” fundraiser:
News4JAX meteorologist reveals recent diagnosis of heart condition
July 12, 2024
Jacksonville, Fla. – News4JAX meteorologist Katie Garner [36] opened up to viewers Friday about her recent heart condition diagnosis. Katie was diagnosed with Mitral valve prolapse with regurgitation, also known as mitral valve regurgitation, and will have to undergo surgery. Per the doctor’s orders, Katie must wear a heart monitor for two weeks to determine how much damage the regurgitation portion of this problem has done to the heart. That will be the determining factor in how quickly surgery will be needed. A potential transesophageal echo will follow the monitor to get a better visual of the heart, and then she will go to Mayo Clinic Jacksonville as a patient. The cardiologist told Katie that she has had this since birth, and it’s the type of condition that you have to be very careful exerting yourself.
Bernie Kosar upbeat while facing a liver transplant and early signs of Parkinson’s
July 9, 2024
Bernie Kosar, former Browns quarterback and Cleveland sports icon, is in the fight of his life — on two fronts. Kosar, 60, is suffering from liver failure and has Parkinson’s disease. Kosar was placed on the liver transplant list in late spring. The Youngstown native says he was also diagnosed with Parkinson’s, a neurodegenerative disorder of the brain, by an independent NFL doctor in mid-February.
DR PAUL ALEXANDER
DR NAOMI WOLF & Sonia Elijah conduct a stunning interview on how mRNA technology (lipid nano particles platform) & mRNA vaccine devastates Women’s Menstrual Cycles; excellent scholarship; please sup-
port both experts, excellent debate on what women are facing as to fertility, their own health and health of baby in utero post mRNA vaccine; as I said, Bourla, Malone, Bancel, Sahin, Weissman, Kariko
| DR. PAUL ALEXANDERJUL 12 |
et al. must be properly investigated in proper legal forums with proper judges and juries and under oath be made to answer as to their roles, what they knew as to safety, when, and why their work was not safety tested, why they remained silent for so long on so many key deadly mRNA issues and why they should not be placed in jail for deep time…
Please support Wolf and Elijah (2 remarkable soldiers in the fight) and I thank Naomi in joining me as we provide support to The Wellness Company (TWC):
Alexander MAGA COVID News; a PCR manufactured COVID pandemic is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.
“Sonia Elijah: Study Shows How MRNA Shots Ruin Women’s Menstrual Cycles” (substack.com)
I have admired the depth and breadth of Sonia’s work for some time now as she is a technical giant…
end
It is said, when you move to KILL a KING, better don’t miss! They missed! Who ordered the shot on Trump? assassination of Trump, why? Who ordered the Secret Service to stand down? Who denied Trump’s
request for more security? Mayorkas? 2nd shooter? Now it’s over to Trump…It is also said, when you move to destroy your enemy, best dig two graves, ONE for you too! FLOTUS Melania Trump speaks out!
| DR. PAUL ALEXANDERJUL 14 |
We must, while we have questions, give praise to the Secret Service (SS) for risking their lives. Something is not right here but let the investigations deal with that. The SS do risk their lives and we must be grateful. The hope is that the SS has not become politicized and a pawn of the democrat political machine to do its bidding. Even 0.0000000001%. We have to also remember that innocent people who simply wanted to show support for Trump, died at the rally. We mourn them and prayers to their families. No words can suffice.
Now these fuckers will deal with the REAL Donaldos Magnus Maximus Trumpos, coming for his pound too with legal Justice! Trump will get his legal justice, with his vengeance…he must, he is only human….
we stand with him,
MAGA!
These were the SS anti-sniper shooters….why did they allow the shooter to get his shots off first? They were trained on him…something is not adding up.
‘Former First Lady Melania Trump broke her silence Sunday morning following the assassination attempt against her husband Donald, saying her family came to the “brink of devastating change.”
The former first lady said a “monster” saw “my husband as an inhuman political machine” before opening fire. She added that “political games are inferior to love.”’
see two new blogs today by me and the 4 below…
Congressional House passed The Safeguard American Voter Eligibility (SAVE) Act by vote of 221 to 198 that prevents illegal Immigrants from voting in Presidential Election; now Senate Democrats blocks
the SAVE Act from passing in the senate Leaving the Door Open for Illegal Immigrants to Vote in Presidential Election; ask yourself why? why would democrats do this to America? see Hoft at GP
| DR. PAUL ALEXANDERJUL 12 |
‘Senate Democrats blocked the passage of the SAVE Act, a bill crucial for enhancing the integrity of federal elections by mandating proof of citizenship.
end
| Forwarded this email? Subscribe here for moreBREAKING: A source familiar with Trump’s security detail tells @FDRLST that the Trump’s security detail has been asking for beefed up protection and resources for weeks, but has been rebuffed time andby Biden’s DHS. we are looking deep into this but Was Biden’s regime behind the attack, or did it deliberately do everything it could to allow it to happen? Bongino said USSS denied Trump’s requestsDR. PAUL ALEXANDERJUL 14 READ IN APP (100) Trump shot at rally (assassination attempt), how many times did I write here we were getting talk of the only way Biden INC Kamala & Obama can win is to kill Trump for Biden cannot debate him again & (substack.com) |
SLAY NEWS
| The latest reports from Slay News |
| Blueprint for Covid Lockdowns Created 17 Years Ago, Docs ShowNewly discovered documents have emerged to reveal that the blueprint used for lockdowns during the Covid pandemic was actually created over 17 years ago.READ MORE |
| Covid Shots Cause Deadly Hepatitis, Multiple Studies FindSeveral studies have emerged that have uncovered evidence showing that Covid shots cause recipients to develop deadly hepatitis.READ MORE |
| Pelosi Secretly Working to Force Biden to Step Down, Reports RevealDemocrat Rep. Nancy Pelosi (D-CA) is secretly working behind the scenes to ramp up pressure for President Joe Biden to step down while publicly claiming to support the embattled POTUS, according to reports.READ MORE |
| Biden’s ‘Big Boy’ Press Conference Widely Panned: ‘Another Disaster’Democrat President Joe Biden’s latest opportunity to prove his fitness for office has been widely panned as “another disaster.”READ MORE |
| CNN CEO Orders Job Cuts, Vows New Direction for NetworkEmbatalled “news” network CNN is slashing one hundred jobs as the company’s new CEO vows to take the network in a new direction.READ MORE |
| Kamala Harris Is Democrats’ Top Choice to Replace Biden, Poll ShowsA new poll has revealed that Kamala Harris is now the top choice to replace President Joe Biden on the party’s ticket for the November presidential election.READ MORE |
| Democrats Blast Bill Blocking Illegal Aliens Voting in U.S Elections, Claim Voter ID Is DiscriminatoryDemocrats are outraged after the U.S. House of Representatives passed legislation to block illegal aliens from voting in America’s federal elections.READ MORE |
| Prosecutors Tell Court of Alec Baldwin’s ‘Numerous Breaches’ of Weapons Safety before Shooting Cinematographer to DeathA New Mexico court has heard that Hollywood star Alec Baldwin “violated the cardinal rules of firearm safety” before shooting and killing cinematographer Halyna Hutchins on the set of his movie “Rust.”READ MORE |
| Child Actor Benji Gregory of Sitcom ‘Alf’ Found Dead at 46Actor Benji Gregory, the former child star of the hit 1980s television sitcom “Alf,” has been found dead, according to reports.READ MORE |
| Gov Whitmer Admits She Didn’t Watch Debate, despite Defending Biden’s Disastrous Performance: ‘I’ve Seen Clips’Despite publicly defending President Joe Biden’s disastrous debate performance, Michigan’s Democrat Governor Gretchen Whitmer has admitted that she didn’t actually watch the historic event late last month.READ MORE |
| Packed Boeing Passenger Jet Catches Fire as Tire Explodes during TakeoffAnother packed Boeing passenger jet has suffered a terrifying malfunction after the tire exploded on an American Airlines 737 during takeoff.READ MORE |
| Democrat Mayor Eric Adams Calls for Rollback of NYC’s ‘Sanctuary City’ StatusDemocrat Mayor Eric Adams has announced that he is backing a conservative-led push to roll back New York City’s so-called “sanctuary” laws.READ MORE |
| Obama Refuses to Respond to Reports He’s ‘Behind’ Campaign to Oust BidenBarack Obama is refusing to respond to bombshell reports that he is secretly working to oust Democrat President Joe Biden as the party’s candidate for the November election.READ MORE |
Top Doctor Testifies: Covid Shots Caused Deaths to Soar
A leading consultant pathologist has confirmed during an explosive testimony that Covid mRNA injections are unsafe, ineffective, and have caused excess deaths to skyrocket around the world.
READ MORE
Neurological Disease Deaths Surge Among Covid-Vaxxed
An alarming new study has exposed a major surge in deaths caused by neurological diseases among those who have been “vaccinated” with Covid mRNA shots.
READ MORE
Top Study Confirms Carbon Dioxide Has Zero Impact on ‘Global Warming’
A major new study has debunked the narrative that increased carbon dioxide in the atmosphere from human activity is causing so-called “global warming.”
READ MORE
Bill Gates Dumps $4 Million into Advancing Digital IDs for Public
Microsoft co-founder Bill Gates has just invested millions of dollars into a scheme seeking to advance the global rollout of digital IDs for the general public.
READ MORE
Major UK Grocery Store Chain Begins Replacing Meat with Insect-Based ‘Foods’
The UK’s most popular supermarket chain Aldi has started rolling out new insect-based “foods” as alternatives to meat.
READ MORE
Canadian Doctor Boasts of Euthanizing ‘Over 400’ Patients: ‘I Love My Job!’
Canada’s rapidly expanding euthanasia industry has been a growing concern for some time.
READ MORE
Federal Judge Rules Gender Is ‘Unambiguously Binary’
A U.S. federal judge has finally set the record straight by ruling that human gender can only be either male or female.
READ MORE
Ron Klain Urges Voters to Ignore Concerns about Biden’s Mental Fitness: ‘Not Hiring Debater-in-Chief’
Democrat President Joe Biden’s former White House Chief of Staff Ron Klain is urging voters to ignore the growing concerns about the mental struggles of the embattled POTUS.
READ MORE
Elon Musk Exposes EU’s Effort to Blackmail X into Censorship with ‘Illegal Secret Deal’
Elon Musk has blown the whistle on an alleged plot by unelected European Union (EU) bureaucrats to blackmail his social media platform X into censoring users.
READ MORE
Packed Boeing 777 Suffers Terrifying Tail Strike during Takeoff
A Boeing 777 packed with passengers has been involved in yet another terrifying incident, according to reports.
READ MORE
Democratic Socialists of America Revokes Endorsement of AOC
The Democratic Socialists of America (DSA) has announced that the far-left organization has revoked its endorsement of radical Democrat Rep. Alexandria Ocasio-Cortez (D-NY).
READ MORE
EVOL NEWS
| BREAKING UPDATE: Judge Greenlights Subpoena of Lawyer Who Advised Judge Before $454 Million Trump Ruling – EVOLREAD MORE… |
| LATEST NEWS: |
| Chris Matthews Threatens: ‘There Is Going to Be Payback for Democrat Elites Who Are Calling for Biden to Step Aside’ – EVOLREAD MORE… |
| LATEST NEWS: |
NEWS ADDICTS
| Top Doctor Blows Whistle: Biden Has Brain Damage from Covid VaccineOne of the world’s leading cardiologists has blown the whistle to reveal that President Joe Biden’s mental struggles are actually the result of a brain injury caused by Covid mRNA shots.READ THE FULL REPORT |
| SHOCKING: Sen. Chuck Grassley Releases Internal Records Confirming HHS Handed Children to MS-13 Gang MembersSenator Chuck Grassley (R-Iowa) has released alarming internal documents from the Biden administration’s Department of Health and Human Services (HHS), revealing that HHS officials knowingly placed two unaccompanied migrant children in a home linked to the notorious MS-13 gang.READ THE FULL REPORT |
| Senate Republicans Block Democrats’ Bill to Restore Roe v. WadeOn July 10, Senate Republicans blocked a Democratic bill aiming to reinstate Roe v. Wade as federal law.READ THE FULL REPORT |
| BREAKING: Ken Paxton Reveals Texas House General Investigating Committee Collaborating with Biden Admin to Bring Federal Case Against HimTexas Attorney General Ken Paxton announced Wednesday evening that the Texas House General Investigating Committee is allegedly working with the Biden administration to either bring a federal case against him or attempt to revive his impeachment.READ THE FULL REPORT |
| Mighty Aphrodite Star Mira Sorvino: ‘Trump Winning Means End of America as We Know It’Actress Mira Sorvino, famous for her roles in Summer of Sam and Sound of Freedom, stated that a potential second term for former President Donald Trump would mean the “end of America as we know it. Sorvino expressed her concerns about America’s future in a detailed thread on X. “I used to be so grateful having been born female in …READ THE FULL REPORT |
| Michigan Gov. Gretchen Whitmer Signs New Bill Restricting Election RecountsThis week, Michigan Governor Gretchen Whitmer signed legislation that alters how election recounts are conducted in the state. The new laws prohibit county canvassers from investigating allegations of fraud. The text of Senate Bill 603 changes provisions around election recounts, and it states that a recount will not be an “investigation or an audit of the conduct of an election” …READ THE FULL REPORT |
| BREAKING: Pelosi Staffer Accused of Raping Former Senate AideA former staff member of Representative Nancy Pelosi has been accused of raping a former Senate aide, according to a shocking report by the San Francisco Chronicle. The report revealed that Kevin Ortiz, the current co-president of the Latinx Democratic Club and a former staffer for Representative Nancy Pelosi, has been accused of sexually assaulting Zahra Hajee, a former aide …READ THE FULL REPORT |
| BREAKING UPDATE: Judge Greenlights Subpoena of Lawyer Who Advised Judge Before $454 Million Trump RulingNew York Supreme Court Justice Arthur Engoron, who ordered the $454 million penalty on former President Donald Trump in his civil fraud case, approved on July 9 the subpoena of Adam Leitman Bailey. Bailey, an attorney, had asserted that he provided advice to the judge before the ruling was made. “The subpoena is not wholly without merit,” wrote Justice Engoron …READ THE FULL REPORT |
| Democrats Set to Reach Consensus on Joe Biden’s Viability as Nominee for White House by This SundayFormer Democratic Senator Joe Manchin (I-WV) has revealed that the Democratic Party is set to finalize its decision on Joe Biden’s candidacy for the White House by this coming Sunday. As previously reported Sen. Manchin suggested that clarity about Biden’s intentions in the upcoming election might soon emerge. When NBC’s Ryan Nobles questioned Joe Manchin about Biden’s ability to continue …READ THE FULL REPORT |
| NY VS. TRUMP UPDATE: Trump Officially Requests Judge Merchan to Overturn Guilty Verdict Indictment Following SCOTUS Immunity RulingOn Thursday evening, former President Trump formally requested that Judge Merchan overturn his guilty verdict in the case of New York v. Trump. This request follows a Supreme Court ruling that presidents have immunity for official acts. Trump was found guilty in an unprecedented criminal trial last month on all counts of falsifying business records in the first degree, following …READ THE FULL REPORT |
MICHAEL EVERY/PHIL MAREY/OR OTHER EXECS //RABOBANK
Rabobank: There Is A Remarkable Symmetry Between This Weekend’s Events And Reagan’s Attempted Assassination In 1981
BY TYLER DURDEN
MONDAY, JUL 15, 2024 – 12:20 PM
By Benjamin Picton, senior macro strategist at Rabobank
The Shot Heard Around the World
The US presidential campaign was upended over the weekend by an attempted assassination of presumptive Republican nominee Donald Trump. Trump was speaking at a campaign rally in Butler, Pennsylvania when a shooter opened fire from a nearby rooftop. A bullet grazed the 45th President’s ear, drawing blood before he dropped to the ground and was surrounded by members of the Secret Service. Before being escorted off stage, Trump stood and defiantly punched the air, producing what is sure to be the defining image of the campaign.
The shooter was killed by Secret Service snipers moments after the assassination attempt. According to media reports, one innocent bystander was killed by the shooter’s stray bullets and two others critically injured. Donald Trump was immediately sent for medical evaluation but is reportedly in good health and issued a statement via Truth Social calling for unity. President Biden addressed the nation from the Oval Office a short time ago, also calling for unity, condemning political violence and urging partisans to “lower the temperature” in US politics.
The assassination attempt comes just days before the Republican National Convention, due to kick-off in Milwaukee today. Donald Trump arrived in the city on Sunday ahead of his presumptive confirmation as the Republican Party’s nominee for the Presidency and keynote address on Thursday. It is widely expected that Trump will unveil his choice of running mate this week, with odds shortening on Ohio Senator J.D Vance ahead of GOP establishment-type candidates like Doug Burgum and Marco Rubio.
Vance is seen as a torchbearer for the MAGA brand of conservative nationalism. His best-selling memoir ‘Hillbilly Elegy’ (later adapted for film by Ron Howard) was widely seen as a guide to the Trump support base, and an explanation of Trump’s ‘America First’ approach to trade and immigration issues. Does Donald Trump’s recent brush with mortality make the selection of a MAGA true believer as VP more likely? There is also the consideration that, if Trump does indeed win, he will not be eligible to run again in 2028 and may therefore be looking to anoint potential successors who will carry on his program.
In one sense, there is a remarkable symmetry between the events of the weekend and the attempted assassination of President Reagan in 1981. At the time of Reagan’s shooting, the ‘Reaganomics’ experiment in Neoliberalism that has been the dominant economic paradigm of the last 40 years was still in its infancy. The attempted assassination of Donald Trump perhaps bookends the Neoliberal years as the world turns again to mercantilist economic nationalism, characterized by protective tariffs and tighter controls on the international mobility of labor and capital.
After Reagan was shot in 1981, he received a substantial poll boost and went on to win the 1984 Presidential race against Carter VP Walter Mondale in one of the all-time electoral drubbings. Mondale won just 13 electoral college votes against Reagan’s 525, carrying only his home state of Minnesota and the District of Columbia.
The Biden campaign will be acutely aware of the historical comparison. Biden had hoped to wrest back some momentum after his disastrous debate performance and subsequent gaffes at last week’s NATO conference saw numerous Democratic politicians and donors express a lack of confidence in the President’s ability to defeat Donald Trump. Bloomberg’s Jordan Fabian suggests that the attempt on Trump’s life deprives the Biden campaign of a favored campaign tactic: making Trump’s behaviour and agenda the central campaign issue.
It will be difficult for President Biden to simultaneously argue for national unity and lowering the temperature of the debate, while also suggesting that Trump’s character and program are a risk to American democracy. The Biden campaign is snookered and will have to run instead on the President’s record in office: a message that has thus far failed to cut through with voters.
Market reaction to the events of the weekend has been reasonably muted. The Bloomberg Dollar Spot index is up minorly on haven buying, crude oil prices are slightly higher and Asian equities are mixed. Aussie 3 and 10-year bond futures have caught a small bid in early trade.
If the assassination attempt improves Donald Trump’s electoral prospects as dramatically as pundits seem to be suggesting, markets may be under-pricing the consequences of universal tariffs and a potential curtailing of Fed independence.
For now, the price action suggests traders remain primarily focused on when the first cut to the Fed Funds rate is going to come, and not on momentous geopolitical recalibrations.
7.OIL PRICES/GAS PRICES/OIL ISSUES
END
8. EMERGING MARKETS//AUSTRALIA NEW ZEALAND ISSUES//
YOUR EARLY CURRENCY/GOLD AND SILVER PRICING/ASIAN CLOSING MARKETS AND EUROPEAN BOURSE OPENING AND CLOSING/ INTEREST RATE SETTINGS MONDAY MORNING 6;30AM//OPENING AND CLOSING
EURO VS USA DOLLAR: 1.0912 UP .0008
USA/ YEN 158.06 UP 0.532 NOW TARGETS INTEREST RATE AT 1.00% AS IT WILL BUY UNLIMITED BONDS TO GETS TO THAT LEVEL…//YEN STILL FALLS//
GBP/USA 1.2978 UP .0001
USA/CAN DOLLAR: 1.3636 UP .0023 (CDN DOLLAR DOWN 23 BASIS PTS)
Last night Shanghai COMPOSITE CLOSED UP 12.72 PTS OR 0.09%
Hang Seng CLOSED DOWN 277,44 PTS OR 1.60%
AUSTRALIA CLOSED UP 0.69%
// EUROPEAN BOURSE: ALL RED
Trading from Europe and ASIA
I) EUROPEAN BOURSES: ALL RED
2/ CHINESE BOURSES / :Hang SENG CLOSED DOWN 277,44 PTS OR 1.60 %
/SHANGHAI CLOSED UP 12.72 PTS OR 0.09%
AUSTRALIA BOURSE CLOSED UP .69%
(Nikkei (Japan) CLOSED DOWN 1033.34 PTS OR 2.45%
INDIA’S SENSEX IN THE GREEN
Gold very early morning trading: 2418.00
silver:$30.76
USA dollar index early MONDAY morning: 103.81 DOWN 19 BASIS POINTS FROM FRIDAY’s CLOSE.
MONDAY MORNING NUMBERS ENDS
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
And now your closing MONDAY NUMBERS 1: 30 AM
Portuguese 10 year bond yield: 3.054% DOWN 2 in basis point(s) yield
JAPANESE BOND YIELD: +1.051% DOWN 0 AND 0/ 100 BASIS POINTS /JAPAN losing control of its yield curve/
SPANISH 10 YR BOND YIELD: 3.242 UP 0 in basis points yield
ITALIAN 10 YR BOND YIELD 3.756 DOWN 3 points in basis points yield ./ THE ECB IS QE’ ING ITALIAN BONDS (BUYING ITALIAN BONDS/SELLING GERMAN BUNDS)
GERMAN 10 YR BOND YIELD: 2.4790 DOWN 2 BASIS PTS
END
IMPORTANT CURRENCY CLOSES FOR MONDAY
Closing currency crosses for day /USA DOLLAR INDEX/USA 10 YR BOND YIELD/1:00 PM
Euro/USA 1.0909 UP 0.0006 OR 6 basis points
USA/Japan: 157.94 UP 0.409 OR YEN IS DOWN 41 BASIS PTS
Great Britain 10 YR RATE 4.120 UP 0 BASIS POINTS //
Canadian dollar DOWN .0050 OR 50 BASIS pts to 1.3663
xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
The USA/Yuan, CNY ON SHORE CLOSED DOWN AT 7.2616 (ON SHORE)
THE USA/YUAN OFFSHORE: (YUAN CLOSED (DOWN)…. (7.2721)
TURKISH LIRA: 33.04 EXTREMELY DANGEROUS LEVEL/DEATH WATCH/HYPERINFLATION TO BEGIN.//ON DEATH WATCH
the 10 yr Japanese bond yield at +1.051…
Your closing 10 yr US bond yield UP 4 in basis points from FRIDAY at 4.231% //trading well ABOVE the resistance level of 2.27-2.32%)
USA 30 yr bond yield 4.455 UP 5 in basis points /12.00 PM
USA 2 YR BOND YIELD: 4.466 DOWN 1 BASIS PTS.
GOLD AT 11;30 AM 2422.95
SILVER AT 11;30: 30.83
Your 12:00 AM bourses for Europe and the Dow along with the USA dollar index closing and interest rates: MONDAY CLOSING TIME 12:00 PM//
London: CLOSED DOWN 69.95 PTS OR 0.84%
German Dax : CLOSED DOWN 157.29 PTS OR 0.84%
Paris CAC CLOSED DOWN 91.61 PTS OR 1.29 %
Spain IBEX CLOSED DOWN 107.60 OR 0.96%
Italian MIB: CLOSED DOWN 204.60 PTS OR 0.59% PTS
WTI Oil price 83.21 12EST/
Brent Oil: 85.89 12:00 EST
USA /RUSSIAN ROUBLE /// AT: 88.02 ROUBLE DOWN 0 AND 50/100
GERMAN 10 YR BOND YIELD; +2.4910 UP 3 BASIS PTS.
UK 10 YR YIELD: 4.155 UP 3 BASIS POINTS
CLOSING NUMBERS: 4 PM
Euro vs USA 1.0898 DOWN 0.0005 OR 5 BASIS POINTS
British Pound: 1.2969 DOWN 0.0008 OR 8 basis pts
BRITISH 10 YR GILT BOND YIELD: 4.150 DOWN 0 BASIS PTS//
JAPAN 10 YR YIELD: 1.051
USA dollar vs Japanese Yen: 157.94 UP .410 YEN DOWN 41 BASIS PTS//
USA dollar vs Canadian dollar: 1.3671 UP 0058 //CDN dollar DOWN 58 BASIS PTS
West Texas intermediate oil: 81.99
Brent OIL: 84.91
USA 10 yr bond yield UP 5 BASIS pts to 4.232
USA 30 yr bond yield UP 6 BASIS PTS to 4.463%
USA 2 YR BOND: DOWN 1 PTS AT 4.457
USA dollar index: 103.87 UP 12 BASIS POINTS
USA DOLLAR VS TURKISH LIRA: 33.02 GETTING QUITE CLOSE TO BLOWING UP/
USA DOLLAR VS RUSSIA//// ROUBLE: 88.35 DOWN 0 AND 66/100 roubles
GOLD 2,413.80 3:30 PM
SILVER: 30.84 3;30 PM
DOW JONES INDUSTRIAL AVERAGE: UP 210.88 PTS OR 0.53%
NASDAQ UP 55.38 PTS OR 0.27 %
VOLATILITY INDEX: 13.12 UP 0.66 PTS OR 5.30%
GLD: $223.93 UP 0.72 OR 0.32%
SLV/ $28.06 DOWN 0.04 OR 0.32%
end
USA AFFAIRS
TODAY’S TRADING IN GRAPH FORM
Trump’d: Gold & Crypto Soar, Yield-Curve Dis-Inverts As Small-Caps Crush Big-Tech Again
MONDAY, JUL 15, 2024 – 04:00 PM
The ‘Trump trade’ played out today…
Source: Bloomberg
…as prediction markets surge in the former president’s favor…
Source: Bloomberg
Trump’s media stocks soared…
All the major US equity indices were higher today with Small Caps absolutely ripping and S&P and Nasdaq meh…
The outperformance of the Russell 2000 over Nasdaq 100 over the past three days is outdone only by the moves made in March 2001 as the dotcom bubble imploded…
Source: Bloomberg
The almost 800bps spread is on par with events such as Lehman (Oct 2008), Trump Election (Nov 2016), and Biden election (Nov 2020).
Goldman’s treading desk noted that overall activity levels are up +25% vs. the trailing 2 weeks with market volumes up +4% vs the 10dma, as their floor tilts -1% better for sale, with both HFs and LOs tilted that way
- HFs skew -9% better for sale, tilted that way in every sector except Materials & Industrials. Supply is most concentrated in Energy & Staples where short supply is most prevalent. Tech, Fins, HCare and Cons Disc also net for sale, but mostly long supply
- LOs are -4% better for sale, as every sector ex-Fins, Energy & Macro Products tilts that way. Supply is heavily concentrated in Disc, HCare & Utes with more modest profit taking in Mega Tech
Energy stocks outperformed and only rate-sensitive Utes were dumped today (and in that context, Real Estate was stronger than expected – Trump?)…
Source: Bloomberg
Treasury yields were all higher today but with a notable underperformance at the long-end (30Y +6bps, 2Y unch) which has dragged the long-end basically back to unchanged since CPI (juiced by the Trump trade too) as the short-end doves it up….
Source: Bloomberg
The yield curve (2s30s) disinverted for the first time since January (which some also look at as driven by a ‘Trump’ bet)…
Source: Bloomberg
Rate-cut odds shifted dovishly for 2024 today (66bps now priced in – so a 50-50 chance of 3 cuts by year-end), while Powell’s comments prompted some hawkishness for 2025 (looks like Trump odds just bringing fwd cuts)….
Source: Bloomberg
Bitcoin soared after Trump’s assassination survival (as the crypto-friendly candidate)…
Source: Bloomberg
Ethereum also rallied and was juiced a little by today’s chatter that ETH ETFs will launch tomorrow, which lifted it back from the weekend’s underpeformance relative to BTC…
Source: Bloomberg
Gold surged back up near record highs today…
Source: Bloomberg
Despite energy stocks’ gains, oil prices slipped lower today (drill, baby drill; less geopol risk?)…
Source: Bloomberg
Finally, as we detailed here, US equity futures traders have never, ever been ‘longer’ than they are now…
What could go wrong?
Source: Bloomberg
Don’t worry though, it’s different this time.
MORNING TRADING/
AFTERNOON TRADING///
II USA DATA
New York Empire State factory gauge contracts for eighth straight month in July
July 15, 2024 at 8:30 a.m. ET
MarketWatch
Index falls slightly to negative 6.6, slightly below forecast
The numbers: The New York Fed’s Empire State business conditions index, a gauge of manufacturing activity in the state, slipped 0.6 points in July to negative 6.6, the regional Fed bank said Monday.Economists had expected the index to remain unchanged at a negative 6 reading, according to a survey by the Wall Street Journal.Any reading below zero indicates deteriorating conditions. This is the eighth straight month of contraction in the New York factory index.Key details: The new orders index inched up 0.4 points to negative 0.6 in July. Shipments also improved slightly to 3.9 in the month.Labor market conditions remained weak. Prices for inputs continued to advance while selling price gains were minor.According to the survey, firms remained fairly optimistic about the outlook. After a big increase in June, the index of future business conditions retreated 4.3 points to 25.8 in July. But capital spending plans were weak.Big picture: The Empire State index has been weaker than the national measures this year, dropping deeply into negative territory before recovering closer to a neutral reading.Economists don’t think the index has been a a good predictor of movements of the national ISM manufacturing index in the wake of the pandemic.The national ISM factory index has been in contractionary territory for three straight months, slipping to 48.5% in June.
III USA ECONOMIC COMMENTARIES
SATURDAY AFTERNOON 6 PM
Trump Gunman Reported To Be Thomas Matthew Crooks
Summary (footage below):
- Shooter reported to be 20-year-old Thomas Matthew Crooks, NY Post. No official confirmation has been made.
- Trump has responded, saying on Truth Social “I was shot with a bullet that pierced the upper part of my right ear.”
- Secret Service says one spectator was killed and two were critically injured.
- Former President Donald Trump was shot in the ear by a would-be assassin at a Butler, Pennsylvania rally on Saturday.
- Trump could be seen grabbing his ear and falling to the ground, before standing up and walking off stage.
- Approximately nine shots rang out.
- A member of the crowd, as well as the shooter, are dead following the assassination attempt.
- One Trump supporter says he alerted Secret Service before the shooting and was ignored.
- Trump’s team reportedly asked for ‘beefed up protection’ and was rebuffed over and over by Biden DHS.
* * *
Update (0013ET): The shooter has been identified by the NY Post as 20-year-old Thomas Matthew Crooks of Bethel park, PA. According to sources, crooks was planted on the roof of a manufacturing plant over 130 yards away from the stage at Butler Farm Show Grounds.
* * *
Update (2350ET): Watch as the FBI, Secret Service and state police hold presser following the Trump assassination attempt.
* * *
Update (2126ET): President Trump has responded on Truth Social, writing: “I was shot with a bullet that pierced the upper part of my right ear. I knew immediately that something was wrong in that I heard a whizzing sound, shots, and immediately felt the bullet ripping through the skin. Much bleeding took place, so I realized then what was happening.”
Trump has been released from the hospital:
The would-be assassin is allegedly pictured here:
Alleged would-be assassin of Donald Trump. pic.twitter.com/OU6WvFackr— National File (@NationalFile) July 14, 2024
The secret service, which reportedly ignored a warning about the shooter climbing a building (see below), has issued the following statement:
During Former President Trump’s campaign rally in Butler, Pennsylvania, on the evening of July 13 at approximately 6:15 p.m., a suspected shooter fired multiple shots toward the stage from an elevated position outside of the rally venue. U.S. Secret Service personnel neutralized the shooter, who is now deceased. U.S. Secret Service quickly responded with protective measures and Former President Trump is safe. One spectator was killed, and two spectators were critically injured. This incident is currently under investigation. and the Secret Service has notified the FBI.
Update (1918ET): Trump was grazed by a bullet and two people are dead, including the shooter, according to the Butler Country District Attorney.
According to The Federalist‘s Sean Davis,
“A source familiar with Trump’s security detail tells @FDRLST that the former and future president’s detail has been asking for beefed up protection and resources for weeks, but has been rebuffed time and again by Biden’s DHS.
DHS, which oversees Secret Service protective detail “wasn’t responsive to those requests” for more resources, the source said.”
END
Massive Secret Service Failure Led To Nearly Successful Assassination Of Donald Trump?
SUNDAY, JUL 14, 2024 – 11:05 AM
When looking at the circumstances in favor of Thomas Matthew Crooks, the identified alleged suspect in the attempted assassination of Donald Trump in Butler, PA, it’s hard to see how the guy failed. Almost every Secret Service security protocol seems to have been ignored, allowing Crooks easy access to a perfect shooting position and plenty of time to acquire a bead on Trump’s podium.
The rooftop used by Crooks was a mere 140 yards away from the event with a clear line of sight to the right of Trump. Those familiar with precision shooting know that any shot within 300 yards is considered easy for a moderately trained rifleman. With the right caliber an expert can hit a torso sized target consistently at 1000 yards or more. At 140 yards any amateur should be able to hit a pie plate-sized target with little difficulty, even without a magnified optic.
The Secret Service is supposed to secure all obvious “sniper perches” well before the arrival of a protectee – Meaning, nearby rooftops and buildings are supposed to have a security presence in place along with drone surveillance. In the case of Butler, PA, this was apparently not done. SS snipers were only present on the building right behind the venue stage.
The lack of a security presence at the building across the field made it possible for the would-be assassin to brazenly jaunt to the location and climb to the rooftop with his rifle in broad daylight. The SS traditionally uses concentric “circles of security” going out hundreds if not thousands of yards when preparing a location for protection. Watch the video below for insight on how meticulous the Secret Service is supposed to be when preparing an area to prevent assassination attempts.
The idea of Crooks being able to get that close with an elevated position on the stage is unthinkable. Another fail was the lack of sight obstructions put in place near the stage. The Secret Service is supposed to erect barriers to block the line of sight from potential shooting locations. Again, this was not done.
Finally, there’s the dismal lack of response time. Witnesses outside the event report that they saw Thomas Crooks climbing to the building rooftop with his rifle at least three minutes before he started shooting. They claim they tried to warn police and Secret Service agents to no avail.
“How could you have somebody on the rooftop?” said House Majority Leader Steve Scalise – a victim of political violence, after the shooting. “There are reports that people watched him climb up the roof and even alerted authorities, and we’re going to be looking into that.“
Meanwhile, House Oversight Committee Chairman James Comer on Saturday night demanded immediate answers from the Secret Service as to how it failed to prevent the assassination attempt.
“I have already contacted the Secret Service for a briefing and am also calling on Secret Service Director Kimberly Cheatle to appear for a hearing,” Comer said on X. “The Oversight Committee will send a formal invitation soon. There are many questions and Americans demand answers.”
As Just the News notes, warning signs about the Secret Service were there months before the Trump assassination attempt.
Back in May, Congress requested a briefing with the Secret Service, after several incidents allegedly raised internal concerns over the quality of its trainings.
A petition within the Secret Service has reportedly been circulating because of the incidents and called for a congressional investigation into the agency, according to Comer.
One incident saw a Secret Service agent assigned to Vice President Kamala Harris allegedly attack her superior and other agents. The unnamed agent also exhibited other “concerning” behavior, according to her colleagues.
Luckily for Trump, Crooks seems to have had terrible aim and he was not smart enough to shoot from a covered position which would have offered him protection and allowed him even more time. Unfortunately, the shooter’s stray bullets hit at least three bystanders in the crowd, leaving one dead and two in critical condition. The security failure in this situation is so complete that former Secret Service agents are admitting it publicly and calling for an investigation into how this could have happened.
The motive for Thomas Crooks’ actions is not yet known. Reports claim the 20-year-old Bethel Park resident was registered to vote as a Republican, yet, he also donated money to Democrat run organizations in 2021, including ActBlue and the Progressive Turnout Project.
As we warned only two weeks ago, Democrat rhetoric has been increasingly violent after the Supreme Court decision on Trump’s prosecution immunity. Many Democrat representatives and activists openly suggested Trump could (or should) be assassinated in response to the ruling. The media’s fear mongering over the “imminent destruction of Democracy” should Trump prevail might not be directly related to the shooting attempt, but it certainly doesn’t help. In the wake of the failed assassination many have still taken to social media to argue that the shooting was “staged”, while others complained that the shooter missed his target.
This DEMON is mad that the shooter missed President Trump
THIS IS THE DARKNESS WE ARE FIGHTING!!!
0:28
·
2.7M Viewshttps://x.com/GrahamAllen_1/status/1812304941073019153
Regardless of one’s position on Trump, this kind of political vitriol should be considered poisonous. It can only lead to more violence in the future. Again, the shooter was given every opportunity; Democrats almost got what they have long wanted.
New audio has emerged from moments after the shooting.
Donald Trump appears to have been shot during a rally in Butler, Pennsylvania. The former President could be seen grabbing his neck and then falling to the ground as the sound of shots rang out.
Longer clip with closer vantage (shooting at 21 seconds):
Trump was seen standing back up with blood on his face, and was led off stage by the Secret Service, who could be heard shouting “get down” during the incident.
“I saw blood on his ear,” one rallygoer, Ron Moose, told the NYT.
Nine shots were heard, including three before Trump grabbed his ear.
Some reported seeing the military chase someone on the left hand side of the bleachers. The Times is also reporting that secret service is kicking out the press and has declared the venue a crime scene.
Trump’s ear was visibly wounded.
According to Secret Service spoksman, Anthony Guglielmi, Trump “is safe” after “an incident occurred” at the Pennsylvania rally.
Trump spokesman Steven Cheung said that Trump is “fine and is being checked out at a local medical facility,” adding that Trump “thanks law enforcement and first responders for their quick action during this heinous act.”
“Everyone join me in praying for our President Trump and everyone at that rally. I hope everyone is ok,” GOP Senator J.D. Vance (R-OH) posted on X.
One Trump supporter told the BBC that he and others saw the shooter before the assassination attempt, alerted police and the secret service, and was ignored…
The incident comes days after Joe Biden and top Democrat donor Reid Hoffman make assassination comments.
And of course, the Washington Post goes with “Trump Rushed Offstage From Rally After Loud Pops.”
Yes, ‘loud pops’ … ‘loud noises,’ really just an annoying sound is what we think they’re trying to convey.
And then there’s CNN…
Elon Musk, who recently donated to Trump, says he hopes for his ‘rapid recovery.’
Now, turning to PredictIt odds…
Here’s a better view of Trump’s soaring odds.
Google searches for “donate to Trump” are surging nationwide. If the sham guilty verdict in NYC in May was any indication, then Trump’s campaign could pull in millions of dollars overnight into Sunday.
end
“Malice Or Massive Incompetence”: Erik Prince Gives Detailed Assessment Of Secret Service Failure
SUNDAY, JUL 14, 2024 – 02:24 PM
Update (1420ET): Former Navy Seal and Blackwater founder Erik Prince gave a detailed assessment of yesterday’s Secret Service debacle in the wake of a failed assassination attempt on former President Trump.
“Hopefully after the tragedy yesterday in Butler PA we can all recognize that unaccountable bloated bureaucracies continue to fail us as Americans,” Prince posted to X.
Continued (emphasis ours):
Donald J Trump is alive today solely due to a bad wind estimate by an evil would be assasin [sic].
As the graphics show the full value wind of just 5mph was enough to displace the unconfirmed but likely light 55 grain bullet two inches from DJT’s intended forehead to his ear.
DJT was not saved by USSS brilliance. The fact that USSS allowed a rifle armed shooter within 150yds to a preplanned event is either malice or massive incompetence. Clearly there was adequate uncontrolled dead space for a shooter to move into position and take multiple aimed shots. Watching the newsreel one can hear how proximate the shooter is by the very short time lapse between the crack of arriving bullet (supersonic) to the boom of muzzle blast (sonic).
The law enforcement sniper (unclear if USSS) in newsreels was clearly overwhelmed as his face came off his rifle instead of doing his job to kill the shooter. Clearly they were watching the shooter but apparently have a no “first shot” policy. The only positive action was an apparent 488yd shot by one USSS sniper which despatched the assasin but after the assassin launched at least 5 rounds, wounding DJT and killing and severely others in the crowd.
The sniper was already watching the shooter. Why didn’t he shoot first!
0:03 / 0:14
In my old business of providing Diplomatic Security in two active war zones we were expected to execute the basics or we would be fired. Clearly USSS failed at the basics of a secure perimeter and once shots were fired their extraction was clumsy and left DJT highly exposed to follow on attacks. It looked like they had never drilled together because those responses should be effectively autonomic. Will there be accountability? That’s not the Washington way.
Unserious and unworthy people in positions of authority got us to this near disaster. Merit and execution must be the only deciding factors in hiring and leadership, not the social engineering priority of the day. Sadly nothing in Washington reflects that any longer. DJT is right to question the competence of those protecting him because yesterday they failed in almost every way. Nature abhors a vacuum and there are always other options.
Most importantly, as Americans let’s come together and run a proper valid election so we can get back to what matters a merit based society that judges on character and skill. Nothing else.
(Images from a SEAL sniper instructor at Red Sky LLC)
* * *
Indeed…
* * *
When looking at the circumstances in favor of Thomas Matthew Crooks, the identified alleged suspect in the attempted assassination of Donald Trump in Butler, PA, it’s hard to see how the guy failed. Almost every Secret Service security protocol seems to have been ignored, allowing Crooks easy access to a perfect shooting position and plenty of time to acquire a bead on Trump’s podium.
The rooftop used by Crooks was a mere 140 yards away from the event with a clear line of sight to the right of Trump. Those familiar with precision shooting know that any shot within 300 yards is considered easy for a moderately trained rifleman. With the right caliber an expert can hit a torso sized target consistently at 1000 yards or more. At 140 yards any amateur should be able to hit a pie plate-sized target with little difficulty, even without a magnified optic.
The Secret Service is supposed to secure all obvious “sniper perches” well before the arrival of a protectee – Meaning, nearby rooftops and buildings are supposed to have a security presence in place along with drone surveillance. In the case of Butler, PA, this was apparently not done. SS snipers were only present on the building right behind the venue stage.
The lack of a security presence at the building across the field made it possible for the would-be assassin to brazenly jaunt to the location and climb to the rooftop with his rifle in broad daylight. The SS traditionally uses concentric “circles of security” going out hundreds if not thousands of yards when preparing a location for protection. Watch the video below for insight on how meticulous the Secret Service is supposed to be when preparing an area to prevent assassination attempts.
The idea of Crooks being able to get that close with an elevated position on the stage is unthinkable. Another fail was the lack of sight obstructions put in place near the stage. The Secret Service is supposed to erect barriers to block the line of sight from potential shooting locations. Again, this was not done.
Finally, there’s the dismal lack of response time. Witnesses outside the event report that they saw Thomas Crooks climbing to the building rooftop with his rifle at least three minutes before he started shooting. They claim they tried to warn police and Secret Service agents to no avail.
“How could you have somebody on the rooftop?” said House Majority Leader Steve Scalise – a victim of political violence, after the shooting. “There are reports that people watched him climb up the roof and even alerted authorities, and we’re going to be looking into that.“
Meanwhile, House Oversight Committee Chairman James Comer on Saturday night demanded immediate answers from the Secret Service as to how it failed to prevent the assassination attempt.
“I have already contacted the Secret Service for a briefing and am also calling on Secret Service Director Kimberly Cheatle to appear for a hearing,” Comer said on X. “The Oversight Committee will send a formal invitation soon. There are many questions and Americans demand answers.”
BREAKING
has invited U.S. Secret Service Director Kimberly Cheatle to testify at a hearing on Monday, July 22. Americans demand answers about the assassination attempt of President Trump.
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As Just the News notes, warning signs about the Secret Service were there months before the Trump assassination attempt.
Back in May, Congress requested a briefing with the Secret Service, after several incidents allegedly raised internal concerns over the quality of its trainings.
A petition within the Secret Service has reportedly been circulating because of the incidents and called for a congressional investigation into the agency, according to Comer.
One incident saw a Secret Service agent assigned to Vice President Kamala Harris allegedly attack her superior and other agents. The unnamed agent also exhibited other “concerning” behavior, according to her colleagues.
Luckily for Trump, Crooks seems to have had terrible aim and he was not smart enough to shoot from a covered position which would have offered him protection and allowed him even more time. Unfortunately, the shooter’s stray bullets hit at least three bystanders in the crowd, leaving one dead and two in critical condition. The security failure in this situation is so complete that former Secret Service agents are admitting it publicly and calling for an investigation into how this could have happened.
The motive for Thomas Crooks’ actions is not yet known. Reports claim the 20-year-old Bethel Park resident was registered to vote as a Republican, yet, he also donated money to Democrat run organizations in 2021, including ActBlue and the Progressive Turnout Project.
As we warned only two weeks ago, Democrat rhetoric has been increasingly violent after the Supreme Court decision on Trump’s prosecution immunity. Many Democrat representatives and activists openly suggested Trump could (or should) be assassinated in response to the ruling. The media’s fear mongering over the “imminent destruction of Democracy” should Trump prevail might not be directly related to the shooting attempt, but it certainly doesn’t help. In the wake of the failed assassination many have still taken to social media to argue that the shooting was “staged”, while others complained that the shooter missed his target.
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America Was Less Than An Inch Away From Socio-Political Disaster
SUNDAY, JUL 14, 2024 – 04:20 PM
Authored by Andrew Korybko via Substack,
Former President and impending Republican Nominee Donald Trump survived an assassination attempt at an outdoor rally in Pennsylvania on Saturday days before his party’s national convention after suddenly turning his head at the last second and thus miraculously dodging a bullet that only ended up grazing his ear. The shooter was killed by the Secret Service, but an eyewitness told the media that he warned the police about a man crawling on the roof a few minutes earlier, though no action was taken.
This security lapse is suspicious and prompts speculation that at least one member of the Secret Service might have purposely waited until after the shooter took his shot before neutralizing him, whether out of sympathy for his cause or perhaps because they were in on some sort of plot.
About the shooter, he’s been identified as Thomas Matthew Crooks, a registered Republican. It remains unclear at the time of writing what his online history was and whether there’s more to his party affiliation than meets the eye.
At the very least, there’s no doubt that the Democrats’ and their allied “Never Trumpers’” hatemongering played a role in radicalizing the suspect.
Had he succeeded in assassinating Trump, then the US would have certainly plunged into socio-political disaster, which it literally missed by less than an inch. Many expect that powerful Democrat donors might soon force Biden to drop out of the race, thus leading to the party selecting their nominee outside of the notionally democratic primary process.
Their Republican counterparts would have done the same on their side of the aisle, especially since Trump hadn’t yet announced his Vice-Presidential pick by the time of his attempted assassination. Both parties would therefore have likely chosen nominees that didn’t complete their respective primary processes, thus blatantly disenfranchising Americans even more than they already are in reality. In theory, the elections could be delayed to re-run the primaries, but Congress might not agree to it.
Even if they did, the aforementioned hyperlinked article reminded readers that the 20th Amendment mandates the end of the President and Vice-President’s four-year terms at noon on 20 January, thus leading to (replacement) President Harris being forced to step down before a new one is elected. Her Vice-Presidential replacement could only be speculated upon in that scenario since the 25th Amendment stipulates that they’d have to be confirmed by a majority vote of both Houses of Congress.
Whether or not the elections would be delayed, the US would continue to be ruled by the “governing oligarchy” that Axios reported late last month is the real power behind Biden. This analysis here that was coincidentally published earlier that same day noted that “The country is being ruled by a shadowy network of transnational and domestic elites that are united by their radical liberal-globalist ideology.” This group simply exploits Biden as their placeholder to publicly legitimize all of their decisions.
They’d remain in power if the Democrats keep the White House or if a “Republican In Name Only” (RINO) replaced Trump had he been assassinated. The former President promised supporters that he’d make good on his former pledge to “drain the swamp” if he’s re-elected, and while precedent suggests that he might once again fail, there’s still a chance that he might partially succeed. At the very least, his return could create the conditions for some replacements, who might be conservative-nationalists.
This insight sheds light on those forces who’d be pleased had he been assassinated, namely the liberal–globalist clique that secretly controls American policy, and they’d also have been delighted that Trump wouldn’t get the opportunity to end their latest “forever war” in Ukraine like he sought to do. His potential Republican successor could try to follow in his planned footsteps, but they also might not be interested in doing so if they’re a RINO, hence why taking Trump out could have been a game-changer.
On the home front, there’s no doubt that “shitlibs” would have plastered pictures of Trump’s blown-out brains all over social media and their cities in order to incite his supporters to violence, and some of them would have predictably obliged after being endlessly provoked with such images. The ruling liberal-globalists have wanted to radicalize MAGA members for a while already in order to further discredit their movement and create a compelling pretext for cracking down more forcefully upon them all.
It also can’t be ruled out that some of these newly radicalized supporters of his might have carried out “retributive violence” by targeting Democrat officials from the federal level on down to the local one if they blamed them for his assassination. Infamous anti-Trump celebrities and influencers could also have been caught up in this bloody campaign, which might have led to martial law in parts of the country like Trump should have imposed during the Democrats’ spree of urban terrorism in summer 2020.
America’s socio-political fabric could therefore have very easily been torn to shreds had Trump not suddenly turned his head at the last minute and thus miraculously averted this worst-case scenario by less than an inch. There’s no guarantee that this won’t happen again, however, which is why it’s imperative that Trump immediately announce his Vice-Presidential pick and ideally choose someone who the ruling liberal-globalist elite is also afraid of in order to reduce the chances of him being killed.
Regardless of whatever happens, America just got a reality check about how close it is to descending into chaos, which shows how much it’s changed for the worse since 2016. Partisan radicalization and elite scheming have always been around, but they reached an unprecedented level after Trump became the Republican Nominee back then. He’s an imperfect candidate with a lot of personal flaws, but his re-election is the last chance to save America from itself if he succeeds in implementing his lofty plans.
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Watch: New Video Shows Trump Shooter Climbing To Roof – People Warning Police
MONDAY, JUL 15, 2024 – 10:45 AM
New video evidence confirms that security teams on the scene of the Trump rally in Butler, PA were warned well ahead of time that Thomas Crooks, the alleged would-be assassin, was climbing to the roof of the nearby AGR building. As we noted yesterday, there is a long series of security failures that would have to take place in order for Crooks to approach the building with a rifle and climb to the top to take multiple shots on Trump’s position only 140 yards away. From the looks of things, Crooks had a clear path all the way to his perch.
Numerous security officials and former SWAT snipers agree that 140 yards is an easy shot, even for an amateur. (Images show the bullet vapor trail just glancing off of Trump’s head; Crooks was almost successful despite being a poor marksman).
The fact that the buildings were not secured by Secret Service planners with an overwatch presence as well as drone surveillance at 140 yards is unthinkable. Whoever was in charge that day has some serious explaining to do. Incompetence or laziness are not reasonable justifications for the SS violating nearly every protocol on their books. In the meantime, more proof is surfacing that security had ample warning before the shooter was in position to pull the trigger.
NEW – Trump Assassin video shows him crawling on the roof while multiple people point him out to police They yelled about him for *almost an entire minute* It’s insane how Secret Service allowed this amateur to almost kill Trump
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Bystanders in the crowd are seen pointing to Crooks on the rooftop as he crawled his way to the peak. Crooks lays down on his side for a moment and appears to be doing something with his hands (possibly checking that his rifle is loaded). He then nearly stands up becoming clearly visible, then lays back down and inches forward. At least three police officers are on the ground around the building as the crowd yells at them to look on the roof.
The time between Crooks being sighted and shots fired was reportedly around three minutes; more than enough opportunity for security personnel get on the radio and warn Secret Service agents on the stage to remove Trump and take him to safety. This was apparently never done.
The number of violations of basic SS security rules are too many to be pure coincidence. Nothing about the event makes any sense if one assumes the goal of the Secret Service leadership was to keep Trump alive.
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Trump picks onetime critic J.D. Vance, now a fierce defender, as vice president
The news, carried on Trump’s Truth Social media website, emerged at the start of the four-day Republican National Convention in Milwaukee to nominate the party’s presidential ticket.
By REUTERSJULY 15, 2024 22:14Updated: JULY 15, 2024 22:20
Donald Trump selected J.D. Vance, a Republican US senator from Ohio, as his running mate on Monday, elevating a politician who once criticized the former president in acid terms but has since become one of his most stalwart defenders.
The news, carried on Trump’s Truth Social media website, emerged at the start of the four-day Republican National Convention in Milwaukee to nominate the party’s presidential ticket.
The selection of James David Vance, author of the bestselling memoir “Hillbilly Elegy,” could increase the odds of Trump supporters turning out for the Nov. 5 election as the Ohio native is deeply popular with the Republican candidate’s base.
A staunch conservative from a Republican state, Vance is unlikely to bring many new voters into Trump’s corner, however, and may even alienate some moderates. Some Trump supporters had pushed him to select a woman or person of color as his No. 2 to expand a coalition that skews toward white men.
The former president, 78, survived an assassination attempt at a Pennsylvania campaign rally on Saturday by a gunman whose motive remains unknown.
Trump backers praise Vance
Several of Trump’s highest-profile backers – including former senior adviser Steve Bannon and Trump’s eldest son, Donald Trump Jr. – have praised Vance for pushing the Republican Party to embrace a more hands-off foreign policy approach and for supporting trade barriers.
Vance has also delighted Trump supporters with his confrontational social media presence, a relative rarity in the Senate, where many lawmakers still try to maintain a sense of decorum and civility.
At 39, Vance will represent a younger generation in an election that features Trump and President Joe Biden, 81, bringing a counterweight to the Democratic ticket that also includes Vice President Kamala Harris, 59.
In selecting Vance, Trump passed over other possible contenders such including U.S. Senators Marco Rubio and Tim Scott and North Dakota Governor Doug Burgum.
Vance’s rapid ascent has been unusual for American politics. After a troubled and impoverished childhood in southern Ohio, he served in the Marine Corps, won a scholarship to Yale Law School and later worked as a venture capitalist in San Francisco.
He rose to prominence after 2016 when he wrote “Hillbilly Elegy,” in which he explored the socioeconomic problems confronting his hometown and the cycle of poverty that had entrapped Americans in the Appalachian Mountains, where his mother and her family had their origins.
The book criticized what Vance saw as a self-destructive culture in rural America and sought to explain Trump’s popularity among impoverished white Americans.
Vance himself was harshly critical of Trump before and after Trump’s 2016 election win against Democratic presidential nominee Hillary Clinton, calling him an “idiot” and “America’s Hitler,” among other epithets.
But as Vance geared up to run for the U.S. Senate in Ohio in 2022, he transformed into one of the former president’s most consistent defenders, supporting Trump even when some Senate colleagues declined to do so.
Vance has played down the Jan. 6, 2021, attack on the U.S. Capitol. He said he “doubted” Mike Pence’s life was in danger, despite violent protesters getting within yards of the former vice president as Secret Service agents rushed him out of the Capitol building. Vance has also echoed Trump’s criticisms of the way the Justice Department has prosecuted Jan. 6 rioters, accusing the department of disregarding due process protections.
In February, he declined to criticize Trump for encouraging Russian President Vladimir Putin to attack America’s NATO allies if they failed to increase their defense spending.
While the Republican Party historically stood for free markets and embraced foreign intervention as an important national security tool, Trump’s 2016 election opened up significant rifts within the party. Vance has been one of the most vocal opponents of continued aid to Ukraine in the Senate, a stance at odds with many Republican legislative leaders.
On the campaign trail, the former venture capitalist has also served as a bridge between Trump associates and wealthy Silicon Valley donors, many of whom have opened their wallets to Trump this election.
Still, Vance’s selection has its detractors among Trump associates, notably those who had wanted Trump to select a diverse vice presidential candidate. Though Trump and Biden are virtually tied in most national polls, Trump trails the Democratic president by significant margins among women and Black Americans.
Some Trump associates privately questioned whether it would be wise to take Vance out of the Senate with Democrats and Republicans vying for control of the upper chamber. Democrats hold a one-seat advantage, though they are likely to lose ground in the November election.
Ohio, while safely Republican in presidential elections, does occasionally elect Democrats in other races. Vance won his 2022 election by six percentage points
IIIB USA COMMENTARIES RE ISRAEL/HAMAS WAR/ and PERVASIVE ANTISEMITISM/WOKISM
iiiC USA COVID //VACCINE ISSUES/IMPORTANT MEDICAL ISSUES
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FREIGHT ISSUES/USA/BOEING
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VICTOR DAVIS HANSON OR NEWT GINGRICH/TUCKER CARLSON
NEWT GINGRICH
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SWAMP NEWS
Moped-Mounted Crime Soars: Migrants Bring Third World Tactic To USA
FRIDAY, JUL 12, 2024 – 03:45 PM
Open-border advocates love to tell you that “diversity is our strength.” Unfortunately, illegal immigrants flooding into the United States are diversifying the criminal threats Americans face on city streets, exposing them to a tactic widely used across Latin America but rarely seen here — until now.
Latin Americans — and US followers of Phoenix, Arizona-based Active Self Protection‘s popular YouTube channel — are quite familiar with attacks carried out by two criminals riding a single moped or dirt bike — a modus operandi that facilitates both surprise and a quick getaway. Sometimes the criminals don’t even dismount. In other instances, one or both may get off the ride. Regardless, they frequently wield deadly weapons to compel their prey to part with valuables.
That was the recent experience of two friends strolling in Brooklyn’s Greenpoint neighborhood after 11pm on a Thursday night. They say a man in a ski mask jumped off the back of a moped and pointed a gun at one of them, taking the 29-year-old man’s watch and the 32-year-old woman’s purse. The gunman then hopped back on the moped and the getaway driver sped the two criminals off into the night.
“It was very quick, but it was obviously super rattling. I’ve lived in the area for over seven years now, and I’ve never felt unsafe,” the woman told the New York Post, asking that her name be kept out of print for fear of criminal retribution.
The female victim is certain the criminals were Venezuelan — based on her familiarity with their accents, thanks to her having grown up in that country. What she said next spoke volumes:
“It’s pretty insane for this to be happening here. My family left Venezuela because crime like that is very common there, and they just didn’t want us growing up in that kind of like, like lack of safety.”
NYPD told Fox News that, earlier this year, they arrested two armed Venezuelans on a moped — and believe just this one pair was connected to more than 100 robberies.
Awash in hundreds of thousands of illegal immigrants, New York City is the top hotspot for moto-crime. “Mopeds as a means of flight from the seven major [crimes] is up over 400% since 2022,” an NYPD source told the Post, “and that’s when we believe we first started seeing the beginning of the wave of new arrivals.”
Some victims have been targeted because of their foolish choice to wear outrageously pricey watches in public (compounding their foolish choices to spend their money that way in the first place). On June 26, a man in Greenwich Village had a gun pointed at his head before surrendering his $40,000 Rolex. On June 18, armed robbers stole another man’s $100,000 watch outside a Manhattan hotspot. They’ve also been known to yank gold chains off people’s necks.
Don’t think you’re immune from a moto-attack if don’t flaunt your money. An iPhone, purse or wallet could be all the enticement the low-lifes need. In June, there was a spree of at least four moped-launched robberies in which the thieves yanked headphones off pedestrians’ heads.
You’re not even safe once you’ve left the street. On June 21, two men with guns entered Williamsburg’s Birds of a Feather restaurant. “They basically held up the entire restaurant at gunpoint,” NYPD Chief of Detectives Joseph Kenny told NBC New York. He believes the two perpetrators are newly-arrived migrants.
https://www.zerohedge.com/political/moped-mounted-crime-soars-migrants-bring-third-world-tactic-usa
https://www.zerohedge.com/political/moped-mounted-crime-soars-migrants-bring-third-world-tactic-usa
Of course, you can’t commit a moto-crime without a moto, so they’re also stealing mopeds left and right — as was the case when a food delivery worker was stabbed in the chest and robbed in Bensonhurst, Brooklyn last month. In a May incident in Queens, thieves demanded that 15- and 19-year-old victims give up their moped. When they refused, both were slashed with a knife and yanked off the vehicle.
Sometimes the criminals simply grab what they want and hit the gas, with no regard for their victims’ lives — as seen in this February attack on a woman in New York City:
https://www.zerohedge.com/political/moped-mounted-crime-soars-migrants-bring-third-world-tactic-usa
It’s not clear in which country this happened, but here’s how one quick-thinking woman foiled an attempted purse-snatching (keep in mind this defensive tactic carries the risk of triggering punitive violence):
Typical moped operator behavior here. 1. Smart thinking by the woman. 2. Luckily they were after her purse and not her. Plan accordingly… #CityLife #crime #smart #moped #urban #purse #women
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…and here’s another failed robbery with an even more fulfilling ending:
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‘That Was A Complete Disaster’ – Biden Snaps In Meeting Called To Reassure House Dems
SUNDAY, JUL 14, 2024 – 08:45 AM
Embattled President Biden opened up a meeting with a group of Democratic US representatives by challenging them to ask him “hard questions” about his candidacy and his fitness to serve — only to jump down the throat of a member who sought reassurance about the 81-year-old’s ability to serve as a strong commander-in-chief. His loss of temper and ill-preparedness for the meeting reportedly did nothing to bolster his audience’s confidence.
That audience for the Saturday video conference call was the New Democrat Coalition, a group comprising some 100 centrist Democrats. While the group’s chairwoman, New Hampshire Rep. Anne McLane Kuster, politely characterized the conversation as “candid, respectful and productive,” members speaking to reporters anonymously were far less charitable about Biden’s performance.
BIDEN: “If I slow down, I can’t get the job done, that’s a sign that I shouldn’t be doing it. But there’s no indication of that yet! None!” *unable to read list*
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“That was a complete disaster. We saw the same Joe Biden from the debate,” one of the House reps on the roughly 30-minute, late-afternoon call told Axios. Another said the call was “awful,” while a third said “members were not holding back.”
Another source who was on the call told The Hill it was “tense.” That tension hit a crescendo when Colorado Rep. Jason Crow told Biden that, from a national security perspective, voters were uneasy about Biden being “at the helm when they go to sleep at night.”
“Biden ripped him…the exchange was hard to watch,” The Hill’s source said. According to three sources who spoke to Politico, Biden raised his voice and said, “I don’t want to hear that crap!” before forcefully touting his foreign policy record, citing — as he incessantly does now — his role in expanding NATO, an undertaking that does nothing to increase US security.
“He started shouting at Jason Crow for no reason,” a member said. Undaunted by Biden’s rebuke, Crow — a former Army Ranger — told Biden his accomplishments weren’t persuading voters who have doubts about his ability to serve another term.
The Hill’s source said members were “really dismayed” by overall Biden’s performance, saying he seemed unprepared to handle the questions that everyone is asking about him since his disastrous June 27 debate performance. As he is prone to do, Biden was said to have given rambling answers — offering just another confirmation of his declining mental strength.
One lawmaker summed it up with this blistering report card:
“He had no answer to questions about his electability. He seemed oblivious to the polling that shows him losing swing states. He didn’t want to hear it … He didn’t try to reassure anyone. He took no responsibility.”
Multiple reps were queued up to ask questions, but Biden said he had to leave to attend mass near his Rehoboth Beach, Delaware home. Illinois Rep. Mike Quigley was said to be “visibly not happy that he was not going to be able to ask a question.”
Earlier in the day, Biden had a much longer and more harmonious call with progressive Democrats, who’ve emerged as his staunchest defenders. In a Saturday op-ed at the New York Times, Vermont Sen. Bernie Sanders called on Democrats to stop “bickering and nit-picking,” calling Biden “the most effective president in the modern history of our country and…the strongest candidate to defeat Donald Trump.”
BIDEN: “Ladies and gentlemen, President Putin”
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With insurgent forces growing in the Democratic ranks, the reprieve will likely prove short-lived. The New Democrat Coalition could end it: One rep on Biden’s call said the group is considering a joint letter urging Biden to quit the race, and that his bad Saturday meeting “probably” increased the odds that they’ll do so. Given the group’s large size, that would make big waves, as it could cause the total number of Democratic House reps opposing Biden’s campaign to grow by several multiples all at once.
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“We Settle Our Differences At The Battle Box” – Biden Oval Office Speech Marred By Latest Huge Gaffe
MONDAY, JUL 15, 2024 – 08:45 AM
Americans can’t count on the Secret Service to secure a rooftop perch just 400 feet from Donald Trump’s podium, but they can count on President Biden to deliver a huge verbal blunder every single time he’s in a major spotlight.
The latest proof came on Sunday evening, as Biden delivered a special address to the American people from the Resolute Desk in the Oval Office. It was just the third time in his term that he used that setting. It imparts the highest gravitas to a presidential message — but only if the chief executive in question is capable of speaking even roughly verbatim the words that appear before him on a teleprompter. That is absolutely not the case with Joe Biden.
Prompted by Saturday’s stunning assassination attempt at a rally in Pennsylvania that nearly killed Trump while taking the life of a spectator and critically injuring two more, Biden’s six-minute speech centered on a call for Americans to “lower the temperature in our politics.” Here’s a sampling:
“We cannot, we must not, go down this road in America. There is no place in America for this kind of violence, for any violence, ever. Period. No exceptions. We can’t allow this violence to be normalized…Politics must never be a battlefield or, God forbid, a killing field.”
Then, like clockwork, came the inevitable major-league Biden malfunction. Instead of insisting that Americans settle their differences at the ballot box, Biden said political differences should be settled at the “battle box.” He then paused in what seemed like recognition of his error, only to reiterate the idea and again seem to say “battle box.”
“In America, we resolve our differences at the battle box.”
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The flub was remarkable because it was the latest in a specific pattern in which Biden’s brain serves up a word or phrase that’s the opposite of what he’s trying to convey. The chief example of that phenomenon was when, introducing Ukrainian President Zelensky, he introduced him as President Putin:
A couple hours later — at highly-anticipated, high-stakes press conference — he told reporters, “I wouldn’t have picked Vice President Trump to be (my) vice president did I think she’s not qualified to be president”:
Although Biden’s remarks have faced close scrutiny since his train-wreck of a June 27 presidential debate put even low-info Americans on notice of his mental decline, virtually every media outlet on Sunday charitably quoted Biden as saying “ballot box.” After more than two weeks of boosting the establishment coup that seeks to replace Biden on November ballots, maybe they thought that was their own contribution to “turning down the temperature.”
The “battle box” was far from Biden’s only verbal stumble. For example, elsewhere in his remarks, he made a reference to “the former Trump” — a Freudian wishful-thinking slip?
We’d be remiss if we didn’t underscore the towering hypocrisy of Biden admonishing Americans against using heated rhetoric: Biden has been at the forefront of a leftist campaign to turn up the temperature of American politics, by casting Trump as a unique danger to the country, one whose re-election could mean the 2024 election is our last.
The closest Biden came to acknowledging any personal responsibility for the overheated political rhetoric was to say “we all have a responsibility” to “cool it down.” That is to say, he came nowhere close.
Biden’s speech also contained a fluffy line clearly written by people with little grasp of the history of America’s founding:
“You know, from the beginning, our founders understood the power of passion, so they created democracy. That gave reason and balance a chance to prevail over brute force.”
To the contrary, because they understood “the power of passion,” the founders were extremely wary of democracy. In a pure democracy, passions can put political minorities in grave peril — which is why the Constitution and Bill of Rights contain various safeguards against a “tyranny of the majority.” The founders sought “reason and balance” by veering away from democracy and instead instituting a representative republic with a federal government whose powers were “few and defined.”
As for the soaring passions of the present day, as Brian McGlinchey has explained at Stark Realities, they’re in great part the result of the disintegration of the founders’ safeguards:
The intensity of our division springs from a federal government operating far beyond the limits of the Constitution — fueling a fight for control over powers that were never supposed to exist at the national level. To put it another way, if the federal government were confined to its actual granted authorities, federal elections would be of little interest to the general public, because the outcome would be largely irrelevant to their everyday lives.
Needless to say — from weaponization of an FBI that isn’t even authorized to exist to the use of unconstitutional regulatory agencies to target political adversaries — Biden and other leftists zealously exploit those disintegrating safeguards to advance their decidedly un-American agenda.
Meanwhile, though Biden’s latest major gaffe underscores the sorry state of his faculties, social media is having a ball with it…
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Trump Classified Docs Case Dismissed, Judge Finds Special Counsel Appointment Unconstitutional
MONDAY, JUL 15, 2024 – 09:57 AM
Judge Eileen Cannon has dismissed Donald Trump’s classified documents case, ruling that the appointment of Special Counsel Jack Smith was unconstitutional.
KING REPORT
| The King Report July 15, 2024 Issue 7282 | Independent View of the News |
| Biden, July 8, 2024: “We’re done talking about the debate, it’s time to put Trump in a bullseye.” https://www.politico.com/live-updates/2024/07/08/congress/defiant-biden-tells-donors-were-done-with-the-debate-00166834 @WallStreetSilv: Joe Biden’s staff just deleted this tweet about “Trump in a bullseye”. @libsoftiktok: “Most importantly, and I mean this from the bottom of my heart, Trump is a threat to this nation.” – Joe Biden Friday (Biden also called Trump a ‘rapist.’) The White House, June 29, 2024: Remarks by President Biden at a Campaign Reception New York, NY: Donald Trump is a genuine threat to this nation. He’s a threat to our freedom. He’s a threat to our democracy. He’s literally a threat to everything America stands for. https://www.whitehouse.gov/briefing-room/speeches-remarks/2024/06/29/remarks-by-president-biden-at-a-campaign-reception-new-york-ny-8/ Biden posted the above on Twitter on June 28, 2024 https://x.com/JimDeMint/status/1812480933519405186/photo/1 Russia accuses Biden administration of creating atmosphere for attack on Trump “After numerous attempts to remove candidate Trump from the political arena – using first legal tools, the courts, prosecutors, attempts to politically discredit and compromise the candidate – it was obvious to all outside observers that his life was in danger,” Peskov said.. https://www.reuters.com/world/us/russia-accuses-biden-administration-creating-atmosphere-attack-trump-2024-07-14/ On Sunday, Biden staged a brief Teleprompter reading in which he called for national unity, directed people to NOT make assumption about the motive or affiliations of the Trump shooter, and urged Americans to trust the FBI to do a thorough investigation into the assassination attempt on DJT. As usual, The Big Guy took no questions, but his hands showed stiffness when exiting. @gregg_re): Look closely at Biden’s right arm as he walks away. His arm and hands are not moving at all as he walks. This is one of the hallmarks of advanced Parkinson’s. https://t.co/cCIhis6H5M Biden on Sunday night reiterated his earlier call for unity and not assuming motives & affiliations of the shooter. Joe decried political violence and used his ‘we’re the Unites States of America trope. @townhallcom: BIDEN: “In America, we resolve our differences at the battle box. That’s how we do it. At the battle box.” https://x.com/townhallcom/status/1812642170978894120 @JonathanTurley: If the President wants to unify the nation, he could start by answering questions from the nation about the poisonous political environment…and his own contribution to it. GOP Sen. @JDVance1: Today is not just some isolated incident. The central premise of the Biden campaign is that President Donald Trump is an authoritarian fascist who must be stopped at all costs. That rhetoric led directly to President Trump’s attempted assassination. Team Biden hastily recalled their political ads because its main strategy was to demonize, vilify, and castigate Trump. Now, the cornerstone of Biden’s election strategy is gone with the wind. Now, Biden must run on his record and his vision for the future. What will Joe run on now? @Reuters: US President Joe Biden’s reelection campaign quickly upended its strategy after an assassination attempt on Republican rival Donald Trump in western Pennsylvania, calling off verbal attacks on the former president to focus instead on a message of unity. https://t.co/9axXjAAYDH @BillAckman: The other implication of recent events is that the probability of Biden stepping aside is now very close to zero. The Democratic Party will not be able to find anyone capable willing to run against Trump. With no good potential replacements, the pressure on Biden to step aside will dissipate quickly. Biden was not going to go easily. Without pressure, he will stay in the seat and run… Contemplate the condition of American on this day if Trump had been assassinated! America Was Less Than an Inch Away from Socio-Political Disaster https://t.co/TKz0m6KwH0 Thomas Matthew Crooks ID’d as gunman who shot Trump during Pa. rally 20-year-old Thomas Matthew Crooks… of Bethel Park, Pa., https://nypost.com/2024/07/13/us-news/thomas-matthew-crooks-idd-as-gunman-who-shot-trump-during-pa-rally/ Suspected Trump shooter had explosive devices in his car, his gun belonged to his dad – WSJ (Reportedly both parents are social workers.) @MeghanKDKA: We are hearing from the first classmate of Thomas Crooks. His Bethel Park classmate described him as a loner who was bullied relentlessly and wore “hunting” outfits often in class. Would-be Trump assassin tried to join high school shooting club, was rejected for being ‘comically bad’ shot https://trib.al/PsMrnyp Trump statement near 20.45 ET Saturday: I was shot with a bullet that pierced the upper part of my right ear. I knew immediately that something was wrong in that I heard a whizzing sound, shots, and immediately felt the bullet ripping through the skin. Much bleeding took place, so I realized then what was happening… https://x.com/townhallcom/status/1812288078360232143/photo/1 Trump calls for national unity, resilience morning after assassination attempt Trump also confirmed he will attend the GOP convention in Milwaukee… “It was God alone who prevented the unthinkable from happening,” Trump wrote… https://justthenews.com/politics-policy/all-things-trump/trump-calls-national-unity-resilience-morning-after-assassination @CollinRugg: Donald Trump says a last millisecond head tilt likely saved his life as slowed-down footage shows the bullet grazing his ear. If Trump hadn’t moved his head, the bullet would likely have hit the rear of his head, ending his life… (Diagram at link) https://t.co/uXIEjHIcRA Photo that MIGHT show a shot to Trump’s chest was halted by his bullet-proof vest. https://x.com/AwakenedOutlaw/status/1812275211125030993 Picture of hole in Trump’s right ear and blood on his ear and face. https://x.com/LarryOConnor/status/1812252925097287890 @charliekirk11: As blood drops off his face after what appears to be an assassination attempt, President Trump pumps his fist defiantly in the air as Secret Service escorts him off stag. https://x.com/charliekirk11/status/1812251538523643936 @EndWokeness: Eyewitness tells BBC that he informed police, Secret Service about a suspicious man on a roof with a rifle. He was ignored. (Here come the conspiracy theories!) https://x.com/EndWokeness/status/1812273630702952543 @JohnAshbrook: Second eyewitness says he alerted police of shooter’s location. https://x.com/JohnAshbrook/status/1812310724900798844 @Jordan_Sather_: Shooter was on a rooftop. How the hell did Secret Service not have a high point like that covered? Who’s the NOC = non-official cover operative? (Here come the conspiracy theories) @OAlexanderDK: This is one of the biggest security failures I have ever seen: Shooter on an unsecured rooftop just 400ft away from Trump with a clear line of sight. Bystander sees shooter crawling on roof with rifle minutes before and tries to warn law enforcement. @elonmusk: The head of the Secret Service and the leader of this security detail should resign. Controversially Blackwater Security founder @realErikDPrince: Hopefully after the tragedy yesterday in Butler PA we can all recognize that unaccountable bloated bureaucracies continue to fail us as Americans. Trump is alive today solely due to a bad wind estimate by an evil would be assassin. As the graphics show the full value wind of just 5mph was enough to displace the unconfirmed but likely light 55 grain bullet two inches from DJT’s intended forehead to his ear. DJT was not saved by USSS brilliance. The fact that USSS allowed a rifle armed shooter within 150yds to a preplanned event is either malice or massive incompetence… Clearly USSS failed at the basics of a secure perimeter and once shots were fired their extraction was clumsy and left DJT highly exposed to follow on attacks… Unserious and unworthy people in positions of authority got us to this near disaster. Merit and execution must be the only deciding factors in hiring and leadership, not the social engineering priority of the day… https://x.com/realErikDPrince/status/1812538250931642534 @seanmdav: A source familiar with Trump’s security detail tells @FDRLST that the former and future president’s detail has been asking for beefed up protection and resources for weeks, but has been rebuffed time and again by Biden’s DHS. DHS, which oversees Secret Service protective detail “wasn’t responsive to those requests” for more resources, the source said. Was Biden’s regime behind the attack, or did it deliberately do everything it could to allow it to happen? Ex-Secret Service agent @dbongino: I want to repeat, and can absolutely confirm, the USSS Director Kim Cheatle has repeatedly turned down requests for a larger security footprint around President Trump. Despite knowing the threat level is catastrophic. Resign tonight. @nicksortor: Dan Bongino just gave the BEST rundown of the Trump assassination attempt I’ve heard yet. https://t.co/tI4VJo5gsN @FoxNews: Rep. Mike Waltz (R-FL) claims to have “very reliable sources” saying that DHS Secretary Mayorkas “denied” requests for protection for President Trump. Warning signs about Secret Service emerged months before Trump assassination attempt Congress launches instant probe as lawmakers fear Trump security detail had inadequate resources. The presidential security agency was already facing difficult questions about its capability, training, recruitment and emphasis on diversity. Secret Service agents reportedly were even circulating a petition raising questions about their management a few weeks ago… (Another stake in the heart of DEI!) https://justthenews.com/government/security/congress-launches-instant-probe-trump-assassination-attempt-demands-answers @DC_Draino: This photo right here is why women should not be allowed to do Presidential protection details. Humiliating https://t.co/hzSdmr71xo @stillgray: The complete incompetence of the ladies of the Secret Service are on full display. One of the agents can’t properly holster her sidearm while another fiddles around with her sunglasses trying to look cool for the crowd. Absolutely pathetic. https://x.com/stillgray/status/1812325147384086597 A major problem was the female agents were too small to shield Trump. The Secret Service needs taller female agents if their role is to shelter Trump or other presidents. On Sunday the Secret Service blamed local police for the assassination attempt, stating the shooter, only 130 yards from Trump, was outside their perimeter of responsibility. Ex-USSS agents debunked this. @susancrabtree: Here’s my reporting on why the Secret Service did not shoot until AFTER the shooter engaged and some context about the House Republicans’ investigation already underway (months before Trump’s assassination attempt) into whether the agency’s DEI policies are affecting its readiness… A source within the Secret Service community tells RealClearPolitics that the agency rules of engagement in this situation are to wait until the president is fired upon to return fire… If the agency did not use drones, why not, these experts ask… The agency, more recently, has come under scrutiny for its diversity, equity and inclusion policies, after a female agency attached to Vice President Kamala Harris’s protective detail and identified as Michelle Herczeg, had an apparent mental breakdown and physically attacked her senior officers at Joint Base Andrews before a trip… https://x.com/susancrabtree/status/1812462982661841170 New info from a source in the Secret Service community — Trump’s usual protective Secret Service detail was worked so hard (working 7 days a week with no days off) that many of agents assigned Saturday were temporary replacements from different field offices. This is not the usual protocol for sitting presidents and vice presidents but “typical” for former presidents, (although no former presidents have run again in modern history.)… Pittsburgh USSS Field Office had a Jill Biden visit and designated a lot of resources to her, the source said. Also – the advance work only occurred one-day beforehand bc of a lack of resources. Where were the resources? The Pittsburgh USSS Field Office had a Jill Biden visit and designated a lot of resources to her. “That is f—-ing unbelievable to me,” the source remarked. Another Secret Service source says approval for the Counter Sniper Team was only granted the day before the rally – and that is not enough time for a two-man team to do their survey. ” That’s nowhere near enough time – a site like that should have had at least three Secret Service counter-sniper teams at the very least. https://x.com/susancrabtree/status/1812556152506630547 The Secret Service on Sunday said it would make NO changes to Trump’s convention security. @AP: The gunman at Trump’s rally pointed a rifle at an officer who found him on a rooftop shortly before he opened fire, two law enforcement officials told AP… The officer then retreated down the ladder, and the gunman quickly fired toward Trump, the officials said… https://t.co/6WMl6cuZn9 @Surabees: Just yesterday (Friday), Joe Biden mega-donor @reidhoffman was making jokes about assassinating Donald Trump. https://x.com/Surabees/status/1812259083023683835 “The Democrats have to stop their grossly irresponsible talk about Trump being an existential threat to democracy. He is not.” – Former AG and Trump detester Bill Barr @EndWokeness: 2 weeks ago (at debate), Biden was asked if Trump supporters are a threat to democracy. He said YES to 51 million viewers. https://t.co/D1R5QEI7XS GOP Rep. @RepMTG: Someone just tried to ASSASSINATE President Trump. The Democrats and the media are to blame for every drop of blood spilled today. For years and years, they’ve demonized him and his supporters. @mtgreenee: Democrats wanted this to happen. They’ve wanted Trump gone for years and they’re prepared to do anything to make that happen. Just this congress, Reps. Troy A. Carter Sr., Barbara Lee, Frederica Wilson, Yvette D. Clarke, Bonnie Watson Coleman, Jasmine Crockett, Joyce Beatty, and Steve Cohen all cosponsored legislation to TERMINATE Trump’s Secret Service protection. @TheBabylonBee: Party That Called Trump ‘Hitler’ for 8 Years Shocked as Someone Tries to Assassinate Him https://buff.ly/4d0fZHm Trump Derangement Syndrome Draws Blood America is polarized, toxic, and politically close to a breaking point in part because the country’s liberal political, cultural, and media elite never accepted Trump’s legitimacy as the country’s president… The very same leaders of the Democratic Party, along with a cohort of the Republican Party who labeled themselves Never Trumpers, and a swathe of what was once the mainstream media, crossed the line of political and public decency by framing Donald Trump as a monster and his supporters ( ~half the nation) as monster-worshipping deplorables ready to hand our democratic republic to a dictator… The May 16 edition of the once-revered New Republic depicted Trump as Hitler on its front cover. A great many people who wished Donald Trump ill over the past eight years also dodged a metaphorical bullet last night. Had Trump been killed, his death would have been on the consciences of everyone who ever called him Hitler. I shudder to imagine the political aftermath of such a nightmarish event… https://www.restorationbulletin.com/p/trump-derangement-syndrome-draws Trump-Is-Hitler Media Want ‘Rhetoric Toned Down’ to Avoid Accountability – The media have spent a decade sowing the wind, and now the media hope to avoid reaping the whirlwind… https://www.breitbart.com/the-media/2024/07/14/nolte-trump-is-hitler-media-want-rhetoric-toned-down-to-avoid-accountability/ CNN: Secret Service rushes Trump after he falls at rally (posted by GOP Sen. Vance; you can’t hate the MSM enough!) https://x.com/JDVance1/status/1812263145185956131/photo/1 @charliekirk11: Just moments after someone tried to murder President Trump, a CNN analyst says the following: “Donald Trump and the people around him perceive themselves to be under threat…and that is not legitimate.” You do not hate these people enough. https://x.com/charliekirk11/status/1812276046441636092 @DavidAsmanfox: George Stephanopoulos, while interviewing Senate candidate David McCormick, shifts blame to Republicans for blaming Democrats’ violent rhetoric for leading to the assassination attempt. Even for a former Clinton operative, this is a new low. https://t.co/4uvCZ7qBvc @TimJGraham: Trump’s just been shot, and CBS anchor Margaret Brennan disparages him for not telling his followers to lower the temperature. Unbelievable. https://x.com/TimJGraham/status/1812295108160553180 @CurtisHouck: CBS’s Margaret Brennan lectures Steve Scalise, who was nearly assassinated in 2017 by a leftist: “Have you specifically instructed members…to rein in some of the rhetoric…some are using online that is somewhat incendiary…really blaming this, somehow, on the administration?” https://x.com/CurtisHouck/status/1812323488851427504 Biden’s former press secretary Jen Psaki is blasted for demanding Republicans change their ‘rhetoric’ and ‘tone’ or face ‘retaliation’ after Trump shooting https://trib.al/HqVNS4e Dems pundits and regime media lackeys spent Sunday trying to shift blame to Trump and his supporters for hateful rhetoric – AND the assassination attempt!!!!! The media and Dems ridiculed and chastised DJT supporters (Deplorables; MAGA) for years. Pollsters missed DJT’s 2016 win because people were afraid to voice support for DJT. This has now changed; and it should show bigly in November. @stillgray: A top advisor to Dem megadonor Reid Hoffman instructed journalists to pursue a narrative that Trump staged the shooting himself. https://t.co/9PBLusFBzq @elonmusk: I fully endorse President Trump and hope for his rapid recover. NBC: Tucker Carlson stokes conspiracies, claims U.S. is ‘speeding towards’ assassination of Trump They have decided — permanent Washington, both parties have decided — that there’s something about Trump that’s so threatening to them, they just can’t have him,” Carlson said in the interview, which was posted online Wednesday… September 1, 2023 https://www.nbcnews.com/news/tucker-carlson-says-us-speeding-assassination-trump-stoking-conspiraci-rcna102976 @SonofHas: In the last seven years, we’ve seen assassination attempts against: Donald Trump; Rep. Steve Scalise (and other GOP congressmen); ex-GOP Rep Lee Zeldin. All Dem attackers, all GOP targets @stillgray: Tim Wise, who is involved in DEI programs for Google, suggests that Trump staged the attempt on his life... https://t.co/kswVJaAhCX @Heminator: Dems who spent years saying Trump’s rhetoric incited January 6 now must be held accountable by the standards they themselves have set. After yesterday, they do not get to denounce political violence and walk away blameless. @SpeakerJohnson: THE HOUSE WILL CONDUCT A FULL INVESTIGATION OF THE TRAGIC EVENTS TODAY. The American people deserve to know the truth. We will have Secret Service Director Kimberly Cheatle and other appropriate officials from DHS and the FBI appear for a hearing before our committees ASAP. @amconmag: Former fire chief for Buffalo Township, Corey Comperatore, was the person killed in the crowd at the Trump rally in Butler County… @MELANIATRUMP (Acclaimed statement) https://t.co/IGIWzL6SMJ Trump hits golf course less than 24 hours after surviving assassination attempt https://t.co/MBAqstEQ3z Q2 earnings season started on Friday with a dud. Though WFC, JPM, and C beat EPS expectations, the stocks declined on the details. JPM EPS of $4.40, $4.28 expected. WFC EPS $1.33, $1.29 expected. C EPS $1.56, $1.39 expected BBG: Wells Fargo sank 6% after warning it won’t be able to whittle away costs as fast as forecast. JP Morgan Chase fell 1.5% after missing on a few key metrics like net interest income. Citigroup dropped 2% as costs for the year are likely to be at the high end of the range previously provided… June PPI was higher than expected – and May was revised higher. ‘They’ keep cooking the stats! June PPI increased 0.2% m/m & 2.6% y/y, 0.1% m/m & 2.3% were expected. May was revised to 0.0% m/m from -0.2% and 2.4% y/y from 2.2% (Bidenomics); Core PPI 0.0% m/m and 3.0% y/y, 0.2% and 2.5% y/y were expected. How is this possible for Core PPI? M/m 0.2 better but y/y 0.5 worse? May m/m was revised to 0.3% from 0.0% and y/y revised to 2.6% from 2.3%. June PPI Goods are -0.5% m/m (30.162% weighting); Services are 0.6% (67.184% weighting), Trade services increased 19% https://www.bls.gov/news.release/ppi.nr0.htm Street shills downplayed the disappointing June PPI Report, with some saying the only problem was ‘trade services.’ Of course, ‘they’ ignored the significant upward revisions for May. PS – What are the odds that June CPI is revised when the July CPI is released? July UM Sentiment 66, 68.5 expected; Current Conditions 64.1, 66 expected; Expectations 67.2, 69.3 expected; 1-year Inflation 2.9% as expected; 5-10-year Inflation 2.9%, 3.0% expected @markets: US consumer sentiment unexpectedly declined to the lowest level in eight months in early July as high prices continued to weigh on Americans’ views of their finances and the economy. While stocks rallied; USUs declined. Apparently, Mr. Bond didn’t buy the bs about June PPI being better than it looked. Stocks were abetted by buying for the Friday Rally and Q2 earnings season. ESUs sank 18 handles on the release of the June PPI Report, hitting a daily low of 5621.25 at 8:28 ET (Yes, Virginia, that is two minutes before the official release.). After a rebound to 5646.75 at 8:49 ET, ESUs retreated five handles by 9:25 ET. After the NYSE opening, aggressive ESUs buying appeared. ESUs soared to a daily high of 5688.25 at 11:30 ET (European close). After a retrenchment to 5672.00 at 13:09 ET, the Friday Afternoon Rally commenced. ESUs jumped to 5694.25 at 13:24 ET. After a very slow rollover, ESUs broke down at 15:30 ET. ESUs sank to 5660.00 at 15:59 ET. The usual suspects, due to Powell and Fed doves, will ignore any negative news and pour into the bubbling stock market. Of course, this will not end well because Powell et al have created the conditions for a stock market crash. No one can forecast a stock market crash; but just like forecasting hurricanes or tornadoes, one can easily see when the conditions are present for catastrophic events. @RealEJAntoni: Treasury borrowed $28 billion yesterday, pushing the federal debt to new record: $34.889 trillion. Yellen gonna order Powell to fire up the printer again… https://x.com/RealEJAntoni/status/1811856907453497509 @GunjanJS on Friday: Trading in call options across all symbols surged to the third highest level in history– Cboe Global Markets data going back to 1973. More than 37 million calls changed hands yesterday, highest level of the year. https://x.com/GunjanJS/status/1811814258302140922 USUs sank to a daily low of 119 6/32 at 8:28 ET. After a volatile rebound, drop, and another rebound, USUs plodded to a daily high of 120 1/32 at 15:14 ET. USUs closed at 119 30/32, +3/32. @elonmusk: The European Commission offered 𝕏 an illegal secret deal: if we quietly censored speech without telling anyone, they would not fine us. The other platforms accepted that deal. 𝕏 did not. Positive aspects of previous session The US stock bubble inflated further. Negative aspects of previous session Bonds were negative until late US trading USUs were +4/32 at the NYSE close. The NY Fang+ Index only rallied modestly. Big Banks sank despite Q2 EPS beats. Ambiguous aspects of previous session How inflated will the latest US stock bubble get? First Hour/Last Hour Action [S&P 500 Index]: 1st Hour from NYSE Open: Up; Last Hour: Down Pivot Point for S&P 500 Index [above/below indicates daily trend to traders]: 5620.46 Previous session S&P 500 Index High/Low: 5655.56; 5590.44 Russia reaches out to Pentagon for call after NATO summit Defense Secretary Lloyd Austin on Friday spoke by phone with his Russian counterpart for the second time in less than a month… (Does Putin prefer Biden or does Putin think he gets a better deal from Joe?) https://thehill.com/policy/defense/4769153-austin-speaks-russia-nato/ More Soul-Crushing News for Dems: Musk Enters 2024 Fight With ‘Sizable’ Gift to Trump Super PAC – America PAC… is largely focused on “ground-game” initiatives, such as voter-canvassing and get-out-the-vote efforts. Among the constellation of Trump-backing groups, America PAC is spending the most money of any of them on direct voter outreach… (Team Biden kept investigating Elon; so…) https://www.zerohedge.com/political/more-soul-crushing-news-dems-musk-enters-2024-fight-sizable-gift-trump-super-pac Musk spent tens of billions of dollars (to buy Twitter) to make a point about free speech. Anyone that follows Musk knows he has relentlessly inveighed against vote fraud. He is now making the point that he has joined the big election poker game – and he’s willing to bet and raise against Dems donors. Israel conducts deadly airstrike targeting Hamas’ top military leader The target was Hamas’ top military commander, Mohammed Deif, whom Israeli officials say was one of the primary masterminds of the Oct. 7 attacks. The IDF is trying to confirm whether he was killed… https://www.axios.com/2024/07/13/israel-airstike-mohammed-deif-khan-younis @BarakRavid: Netanyahu said Israel didn’t inform the U.S. in advance of the airstrike against Deif because it didn’t want to take the risk that it would leak, and then the Hamas commander would go underground again… (This implies that previous IDF action told to the WH was leaked.) @ISABELNET_SA: Over the past four years, 30-year US Treasury bonds have experienced their worst loss in over a century, with a decline of 54% in total return. https://x.com/ISABELNET_SA/status/1812063068123226125 Today – The world changed dramatically on Saturday night. However, the usual suspects will continue to ignore most everything that is disconcerting and buy stocks – because the Fed is going to ease. PS – Though FBI Director Wray and his ilk constantly state that ‘white supremacy’ is the biggest threat in American, there were no riots or looting in the USA after the assassination attempt on Trump. NQUs are +46.25; ESUs are +9.50 (usual Sunday night buying); USUs are -27/32 at 20:58 ET. Expected econ data: July Empire Mfg. -8.0; Powell interview with Dave Rubenstein 12:30 ET; The GOP National Convention begins. Expected earnings: BLK 9.95, GS 8.37 S&P Index 50-day MA: 5363; 100-day MA: 5245; 150-day MA: 5101; 200-day MA: 4918 DJIA 50-day MA: 39.106; 100-day MA: 38,936; 150-day MA: 38,534; 200-day MA: 37,424 (Green is positive slope; Red is negative slope) S&P 500 Index (5633.91 close) – BBG trading model Trender and MACD for key time frames Monthly: Trender and MACD are positive – a close below 4796.32 triggers a sell signal Weekly: Trender and MACD are positive – a close below 5364.74 triggers a sell signal Daily: Trender and MACD are positive – a close below 5526.79 triggers a sell signal Hourly: Trender and MACD are positive – a close below 5606.62 triggers a sell signal The Telegraph: Biden’s gaffe has ruined months of our hard work, say European officials Diplomats fear that in less than a minute the US President changed the narrative of an entire summit https://www.telegraph.co.uk/world-news/2024/07/12/joe-biden-gaffe-europe-nato-putin-zelensky-trump/?s=02 ‘OMFG’: Biden’s mistakes push shocked US allies toward Trump – Politico Western diplomats are privately horrified by the President’s public gaffes and are working to build links with the Trump team ahead of November’s election… The Trump outreach has accelerated, another diplomat said, and predates Biden’s latest gaffes. “It’s been going on for more than a year,”… https://www.politico.eu/article/joe-biden-stumble-mistakes-push-shocked-us-allies-european-diplomats-towards-donald-trump/ Biden’s Call with Hispanic Lawmakers Goes Off the Rails (Friday afternoon) The call ended abruptly after Rep. Mike Levin asked Biden to withdraw from the race. Soon after, Levin formally called on Biden to step down as the nominee… For starters, Biden showed up an hour late to the Zoom call… https://www.notus.org/biden-2024/biden-call-hispanic-lawmakers-off-the-rails Biden Advisors Threaten To “Beat the Schiff Out of” Staffers Who Don’t Keep Quiet CNN reports that a prominent Democrat has claimed Biden’s advisors have threatened White House staffers, saying they will “beat the schiff out” of anyone who says anything about Biden’s health that runs contrary to their narrative… https://modernity.news/2024/07/12/biden-advisors-threaten-to-beat-the-shit-out-of-staffers-who-dont-keep-quiet/ @mirandadevine on Fri: Not exactly a packed schedule for POTUS today. He gets flown to a campaign event in Michigan before being flown to his beach house for another long weekend. https://t.co/Ga1Ch6HjsZ Michigan Gov. Gretchen Whitmer, Sen. Gary Peters, Rep. Elissa Slotkin, and UAW President Shawn Fain will not attend Biden’s appearance in Michigan – AP @RNCResearch: Barriers have once again been erected on both sides of the walkway at Biden’s campaign event — likely so he doesn’t fall off the edge. Yikes! https://x.com/RNCResearch/status/1811891500575269123 Biden insists that he’s ‘OK’ in Michigan — then flubs congresswoman’s name at rally https://trib.al/Y3Dllk9 @RNCResearch: It took about 30 seconds into Biden’s Michigan event for his brain to completely malfunction. https://x.com/RNCResearch/status/1811906167360115048 Biden — highly drugged up as he reads a script written by his degenerate handlers from a gigantic teleprompter — again says he beat Medicare. https://x.com/RNCResearch/status/1811911987527348384 Crooked Joe Biden is highly unwell: “Project 2024, 2024, 25! … will deploy the DOJ to prosecute Trump’s enem— Trum— Trump’s enemies!” (He’s literally describing his own weaponized DOJ — disgusting! https://x.com/RNCResearch/status/1811911402673598785 Biden in Michigan: “I gotta finish the job and, uh, and, uh, I promise you, uh, I am, uh… I’m okay.” https://x.com/themarketswork/status/1811880899769958817 Anti-Israel protests erupt at Biden’s Detroit rally: ‘How many kids have you killed today?’ https://trib.al/ph6WQUb @KarluskaP: Did Biden add sound to the crowd to make it sound like he had a bigger rally? https://x.com/KarluskaP/status/1812156091725427032 Biden couldn’t fill what appears to be a small high school gym. Pundits allege that his campaign, aided and abetted by the media, pumped sound into the gym and utilized camera angles to create the perception that Biden had attracted an enthusiastic, large crowd. 81 million votes my … For comparison: Butler, PA crowd for Sat. DJT rally https://x.com/RSBNetwork/status/1812176155299967009 Joe Biden looks tired and exhausted — here are the tricks his team is using to obscure his blunders https://nypost.com/2024/07/13/us-news/special-accommodations-go-only-so-far-in-hiding-biden-signs-of-age/ Pelosi moving (“furiously”) behind the scenes to get Biden to reconsider presidential run “Team Biden made it clear what their strategy was: ignore the problem, run out the clock, and force the rest of us to live with it,” said Rep. Adam Smith (D-Wash.), who has publicly called on Biden to step aside. “I felt a certain urgency to upset that strategy.”… Pelosi is encouraging front-line lawmakers to do whatever it takes to keep their seats, even if it means public calls for Biden to bow out, while telling safe-seat Democrats to take their concerns directly to the White House… https://thehill.com/homenews/house/4767454-nancy-pelosi-joe-biden-reconsider/ @CollinRugg: Italian PM Giorgia Meloni seemed uncomfortable after President Biden went in for a smooch earlier today at the NATO Summit. Meloni was seen arching her back away from Biden as he continued to lean in. The PM made headlines earlier in the day after she was seen rolling her eyes and checking her “watch” after Biden showed up late to the event this morning. https://x.com/CollinRugg/status/1811588695046455456 Biden officials struggle to hide their discomfort as prez calls Kamala ‘Vice President Trump’ at ‘big boy’ press conference https://t.co/IxJnprZB4Y @RNCResearch: Biden brings out his creepy whisper before Karine Jean-Pierre desperately interjects to end the press conference. https://x.com/RNCResearch/status/1811558371314585998 @seanmdav: That press conference was bad enough to keep everyone talking about Joe Biden’s pudding brain for another week, but not bad enough to force him out of the White House. In other words: it was perfect, if you want Biden and the Democrats to lose in November. Axios: Joe Biden’s campaign chair urged staffers Thursday to tune out “crazy f***ing gossip land world,” according to an audio recording of an all-hands call obtained by Axios. Why it matters: It was the third all-staff call Biden campaign leadership has held since last Wednesday as they try to fix low morale and disillusionment among their staff… https://www.axios.com/2024/07/12/biden-campaign-election-debate Inside Biden’s shrinking inner circle Since the debate, Biden is relying even more on longtime advisers Mike Donilon, Steve Ricchetti, and Bruce Reed…. The White House now is being run by “the family and staff who are effectively family,” a group that also includes the First Lady Jill Biden’s top aide Anthony Bernal and deputy chief of staff Annie Tomasini, according to a person familiar with the West Wing power structure. Current and former Biden aides say the “poobahs” often avoid conflicts with the president and enable his sometimes-meandering decision process… https://www.axios.com/2024/07/12/biden-election-inner-circle-withdrawal-criticism “Complete disaster”: Biden grilled in “tense” call with moderate Dems (on Saturday) President Biden was raked over the coals by a group of center-left House Democrats on Saturday in what sources said was a “tense” – even “awful” – meeting aimed at stemming defections on Capitol Hill… https://www.axios.com/2024/07/13/biden-drop-out-meeting-new-democrats CNN: Angry and stunned Democrats blame Biden’s closest advisers for shielding public from full extent of president’s decline (It was obvious for years that Joe was gone. Now they try to pass blame.) Ahead of closed-door Cabinet meetings that Biden attends, it is customary for Cabinet officials to submit questions and key talking points that they plan to present in front of Biden ahead of time to White House aides, two sources with direct knowledge told CNN. “The entire display is kind of an act,”… “It’s not like Biden’s inner circle didn’t know this,” one Democratic strategist close to the White House said of the extent of the president’s recent decline… https://www.cnn.com/2024/07/11/politics/joe-biden-age-decline-democrats-angry/index.html Human Events’ @JackPosobiec: EXCLUSIVE: Fmr CDR of STRATCOM (Adm Charles Richard ) expressed serious concerns to Austin in February of 2022 about Biden’s cognitive ability to understand the importance of the football and its relation to STRATCOM, per senior military official. Biden thought he was just another random 4 star that came in for a touch and go NSC briefing, this was two days after Russia / Ukraine kicked off. Shortly thereafter Adm Richard ordered NCS liaisons to schedule an information session to help Biden better understand his role, WH has been putting it off ever since Jill Biden’s grudge against Kamala Harris REVEALED: Power-hungry first lady’s grudge is so deep that the only thing worse than Joe stepping down is the VP replacing him Democratic advisors are struggling to push past the powerful role that Jill Biden’s loathing of Harris, 59, is playing in Joe’s resistance to pass the mantle to his VP… the women’s long-seated animosity is ‘one hundred per cent’ part of Jill’s resistance to having her 81-year-old husband step aside… The bad blood between the First Lady and the Vice President, a feeling so strong that one source described it as, ‘hatred,’ dates to June 2019, when Kamala was running against Biden and condemned him during a televised debate for opposing aspects of mandatory busing for school desegregation. ‘Jill holds grudges,’ one Democrat insider revealed. ‘She doesn’t let things go and she has never forgiven Kamala for comments that some took to be allegations of racism.’… Jill was trying to stop Kamala joining the Biden ticket in 2020. She has hated her ever since the school bus thing. ‘But she bit her tongue because Biden boxed himself into a corner by saying he would pick a black woman for his running mate.’… https://www.dailymail.co.uk/news/article-13625323/Jill-Biden-grudge-against-Kamala-Harris-deep.html Some major Democratic donors are said to be freezing roughly $90 million pledged to the largest super PAC supporting President Biden if he remains on the ticket. – NYT https://dnyuz.com/2024/07/12/donors-tell-pro-biden-super-pac-roughly-90-million-in-pledges-is-frozen/ @ggreenwald: It’s impossible to overstate the media scandal here: A special counsel appointed by the Biden DOJ to investigate Biden said back *in February* that a jury would see Biden as an “elderly man with a poor memory.” The media attacked him, too, and now pretend they didn’t know. @charliekirk11: Jon Stewart says that Joe Biden couldn’t get a job as a “cashier at Home Depot,” let alone be President of the United States… (More face-saving from Dem stooges) https://x.com/charliekirk11/status/1812197966289182745 @robbystarbuck: Umm… not only does Biden sound crazy but this isn’t even true. The “guns are the leading cause of death for kids” stat is only true if you remove babies and add 18 + 19 yr old gang members to “kids”. That’s literally what Democrats did to invent the stat. https://x.com/robbystarbuck/status/1811557504133767448 @JoelWBerry: The problem with the Dems warning that Trump will bring a fascist dystopia is that we already experienced a Trump presidency and got no wars, fewer regulations, more jobs, lower taxes, a safer border, and affordable groceries. Sign me up for 4 more years of that! Biden’s blarneys: President continues to peddle untrue claims since the debate Biden tries to claim Trump’s dishonesty is a central issue in the campaign, but continues to deliver whoppers of his own. https://justthenews.com/politics-policy/elections/bidens-blarneys-president-continues-peddle-untrue-claims-debate Robert F. Kennedy Jr. texted apology to woman he allegedly sexually assaulted, Washington Post and NBC News reports say The woman came forward with the allegation in Vanity Fair earlier this month. https://www.politico.com/news/2024/07/12/rfk-jr-sexual-assault-apology-00167867 AP: Chicago removing homeless encampment ahead of Democratic National Convention https://apnews.com/article/democratic-national-convention-homeless-chicago-fcd971c7c575cc7171ae6accf90c85a6 Nearly Half of German Welfare Payments Goes to Foreign Migrants €42.6 billion euros is now being paid out in welfare compared to €36.6 billion in 2022… https://modernity.news/2024/07/11/nearly-half-of-german-welfare-payments-goes-to-foreign-migrants/ From millionaires to Muslims, small subgroups of the population seem much larger to many Americans – The proportion of gays and lesbians (estimate: 30%, true: 3%), bisexuals (estimate: 29%, true: 4%), and people who are transgender (estimate: 21%, true: 0.6%)… Muslim Americans (estimate: 27%, true: 1%) and Jewish Americans (estimate: 30%, true: 2%). And we find the same sorts of overestimates for racial and ethnic minorities, such as Native Americans (estimate: 27%, true: 1%), Asian Americans (estimate: 29%, true: 6%), and Black Americans (estimate: 41%, true: 12%)… https://today.yougov.com/politics/articles/41556-americans-misestimate-small-subgroups-population Media coverage is a prime reason for the above perceptions. @libsoftiktok: The 2 individuals who were hurt in the sh**ting have been identified: 57-year-old David Dutch; 74-year-old James Copenhaver; They are both reportedly in stable condition… Ret Lt. Col. @DougAMacgregor: Unconfirmed reports indicate the sniper in this photo had the assassin in his sights for at least 3 minutes… Secret Service leadership refused to give the order to take out the perpetrator. (Again, UNCONFIRMED) https://x.com/DougAMacgregor/status/1812622220591526109 Dem congressman says staff member no longer employed for ‘don’t miss next time’ post after Trump shooting https://t.co/rnc73MpRhu @KyleSeraphin: Jenna Howell, an @FBI employee who works in the NICS firearms background check unit, posted her disappointment @realDonaldTrump survived an assassination attempt. Jenna has a Top Secret clearance… https://t.co/0L48K6XxoV @WesternLensman: Hillary offers an extraordinary, concise example here of the type of incendiary fearmongering that was normalized at the highest level of Democrat messaging on Trump. – Trump will do away with elections – Trump will do away with his opposition – Trump will do away with a free press – Trump is like Hitler – Trump is an authoritarian dictator – Trump is going to throw people he doesn’t like in jail – Trump is publicly telling us he intends to do all of this Amazing that she could jam all of this into 34 seconds. https://x.com/WesternLensman/status/1812506524297929115 @TheBabylonBee: Heroic Secret Service Agent Dives in Front of Biden as Reporter Tries to Ask A Question https://x.com/thebabylonbee/status/1812577900824023081 | |
GREG HUNTER
SEE YOU ON TUESDAY
harveyorganblog.com 
