GOLD PRICE CLOSED DOWN $56.10 TO $2397.80
SILVER PRICE DOWN $0.94 TO $29.10
Gold ACCESS CLOSED $2399.00
Silver ACCESS CLOSED: $29.20
Bitcoin morning price:$63,969 DOWN 518 DOLLARS. bankers doing a good job destroying the value of bitcoin
Bitcoin: afternoon price: $63,451 DOWN 1091
dollars//
Platinum price closing DOWN 12.10 TO $964.80
Palladium price; DOWN $23.80 AT $912.10
END
SHANGHAI GOLD PREMIUM 44 DOLLARS/COMEX GOLD//august to august
SHANGHAI GOLD (USD) FUTURES – QUOTES
VENUE:
- GLOBEX
AUTO-REFRESH IS OFF
Last Updated 19 Jul 2024 03:14:03 PM CT.
Market data is delayed by at least 10 minutes.
*CANADIAN GOLD: $3293.70 DOWN 51.29 CDN dollars per oz( * NEW ALL TIME HIGH 3,375.67 CDN DOLLARS PER OZ//JULY 16 2024)
*BRITISH GOLD: 1,858.03 DOWN 27.11 Pounds per oz// *(NEW ALL TIME HIGH//CLOSING///1933.24 BRITISH POUNDS/OZ) APRIL 19/2024
*EURO GOLD: 2,204.85 DOWN 34.68 Euros per oz //* (ALL TIME CLOSING HIGH: 2.263.98 EUROS PER OZ//JULY 16//.2024)
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END
EXCH: COMEX
JPMorgan stopped 0/0
GOLD: NUMBER OF NOTICES FILED FOR JUNE/2024. CONTRACT: 0 NOTICES FOR 0 OZ or 0.00000 TONNES
total notices so far: 3649 contracts for 364,900 Oz (11.349 tonnes)
FOR JULY:
SILVER NOTICES: 3 NOTICE(S) FILED FOR 0.015 million
OZ/
total number of notices filed so far this month : 6014 for 30.070 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 DOWN $56.10 INVESTORS SWITCHING TO SPROTT PHYSICAL (PHYS) INSTEAD OF THE FRAUDULENT GLD/ HUGE CHANGES IN GOLD INVENTORY AT THE GLD A WITHDRAWAL OF 2.01 TONNES OF GOLD FROM THE GLD/
/ /INVENTORY RESTS AT 840.01 TONNES
INVENTORY RESTS AT 840.01 TONNES
SLV/
WITH NO SILVER AROUND AND SILVER DOWN $0.94 AT THE SLV//
NO CHANGES IN SILVER INVENTORY AT THE SLV:
// INVENTORY REMAINS AT 435.854 MILLION OZ/
INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV.
CLOSING INVENTORY: 435.854 MILLION OZ
Let us have a look at the data for today
SILVER//OUTLINE
SILVER COMEX OI FELL BY A HUMONGOUS SIZED 2418 CONTRACTS TO 162,601 AND STALLING ON ITS MARCH TO THE RECORD HIGH OI OF 244,710, SET FEB 25/2020, AND THIS HUGE SIZED LOSS IN COMEX OI WAS ACCOMPLISHED WITH OUR SMALL LOSS OF $0.13 IN SILVER PRICING AT THE COMEX ON THURSDAY’S TRADING ON SILVER. WE HAD LITTLE LIQUIDATION AS WE HAD A HUGE NET LOSS OF 983 CONTRACTS ON OUR TWO EXCHANGES TO GO ALONG WITH THE MASSIVE LIQUIDATION OF T.A.S. CONTRACTS. WE, AGAIN HAD CONSIDERABLE SHORT COVERING BY OUR SPECS DESPITE THE LOSS IN PRICE AS WELL AS THE MASSIVE T.A.S. LIQUIDATION MENTIONED ABOVE WHICH ACCOUNTS FOR THE HUGE LOSS OF OI ON THE TWO EXCHANGES. WE HAD ANOTHER HUGE SIZED 524 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 THURSDAY NIGHT: 524 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 $0.13) AND WERE SOMEWHAT SUCCESSFUL IN KNOCKING SOME SILVER LONGS FROM THEIR PERCH AS WE DID HAVE A HUGE SIZED LOSS OF 983 CONTRACTS ON OUR TWO EXCHANGES WITH THE LOSS IN PRICE OF $0.13. THE MAJORITY OF THE LOSS WAS DUE TO T.A.S. LIQUIDATION.
WE MUST HAVE HAD:
A HUMONGOUS SIZED 1438 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 5,000 OZ
//NEW STANDING FOR SILVER//JUNE IS THUS 30.540 MILLION OZ
WE HAD:
/ HUGE SIZED COMEX OI LOSS //HUMONGOUS SIZED EFP ISSUANCE/ VI) HUGED SIZED NUMBER OF T.A.S. CONTRACT ISSUANCE 524 CONTRACTS)/
I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL REMOVED 124 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 14 DAYS, total 14,740 contracts: OR 73.740 MILLION OZ (1052 CONTRACTS PER DAY)
TOTAL EFP’S FOR THE MONTH SO FAR: 73.740 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: 73.740 MILLION OZ (WILL BE A STRONG ISSUANCE MONTH/OVER 100 MILLION OZ/)
RESULT: WE HAD A HUGE SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 2294 CONTRACTS WITH OUR LOSS IN PRICE OF SILVER PRICING AT THE COMEX//THURSDAY.,. THE CME NOTIFIED US THAT WE HAD A HUMONGOUS EFP ISSUANCE CONTRACTS: 1435 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 5,000 OZ QUEUE JUMP WHERE THEY WILL TRY AND TAKE DELIVERY ON THIS SIDE OF THE POND.
//NEW TOTAL STANDING FOR JULY 30.540 MILLION OZ
WE HAVE A HUGE SIZED LOSS OF 983 OI CONTRACTS ON THE TWO EXCHANGES DESPITE THE SMALL LOSS IN PRICE. THE TOTAL OF TAS INITIATED CONTRACTS TODAY: A HUGE SIZED 524 CONTRACTS,//HUGE FRONT END OF THE TAS CONTRACTS WERE LIQUIDATED DURING THE THURSDAY COMEX TRADING WHICH ACCOUNTS FOR THE MAJOR PORTION OF THE COMEX OI LOSS/// MAJOR SHORT COVERING FROM OUR SPEC SHORTS AND SOME LIQUIDATION OF LONGS.
THE NEW TAS ISSUANCE THURSDAY NIGHT (524) WILL BE PUT INTO “THE BANK” TO BE COLLUSIVELY USED AT A LATER DATE//AND MOST LIKELY TODAY., .
WE HAD 3 NOTICE(S) FILED TODAY FOR 0.015 million OZ
THE SILVER COMEX IS NOW BEING ATTACKED FOR METAL BY LONDONERS ET AL.
GOLD//OUTLINE
IN GOLD, THE COMEX OPEN INTEREST ROSE BY A HUMONGOUS SIZED 17,110 OI CONTRACTS TO 598,013 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: REMOVED 11,356 CONTRACTS
WE HAD A HUGE SIZED INCREASE IN COMEX OI (17,110 CONTRACTS) OCCURRED DESPITE OUR LOSS OF $2.10 IN PRICE/THURSDAY. 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 0 OZ QUEUE JUMP
NEW STANDING 11.5894 TONNES
/ ALL OF THIS HAPPENED DESPITE OUR $2.10 LOSS IN PRICE WITH RESPECT TO THURSDAY’S TRADING. WE HAD A HUGE SIZED GAIN OF 9582 OI CONTRACTS (29.80 PAPER TONNES) ON OUR TWO EXCHANGES., WITH OUR LONGS TOTALLY OBLIVIOUS TO THE RAID ORCHESTRATED BY THE STUPID BANKS AGAIN YESTERDAY AND ALSO THIS MORNING.
E.F.P. ISSUANCE
THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A HUMONGOUS SIZED 3828 CONTRACTS:
The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 609,369, CLIMBING ON A DAILY BASIS.
IN ESSENCE WE HAVE A HUMONGOUS SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 9582 CONTRACTS WITH 5754 CONTRACTS INCREASED AT THE COMEX// AND A HUMONGOUS SIZED 3828 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN ON THE TWO EXCHANGES OF 9582 CONTRACTS.. WE HAD THE FOLLOWING TAS CONTRACTS INITIATED (ISSUED): A FAIR 1425 CONTRACTS,
CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES
WE HAD A HUMONGOUS SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (3828 CONTRACTS) ACCOMPANYING THE HUGE SIZED GAIN IN COMEX OI OF 5754 CONTRACTS/TOTAL GAIN FOR OUR THE TWO EXCHANGES: 9582 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 0 OZ QUEUE JUMP
//NEW STANDING /JULY 11.5894 TONNES.
/ 3) CONSIDERABLE T.A.S. LIQUIDATION OF CONTRACTS WITH ZERO NET LONG SPECS BEING CLIPPED,
4) HUGE SIZED COMEX OPEN INTEREST GAIN 5) HUMONGOUS ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER///FAIR T.A.S. ISSUANCE: 1425 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: 61,548 CONTRACTS OR 6,154,800 OZ OR 191.44 TONNES IN 14 TRADING DAY(S) AND THUS AVERAGING: 4396 EFP CONTRACTS PER TRADING DAY
TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 14 TRADING DAY(S) IN TONNES 191.44 TONNES
TOTAL ANNUAL GOLD PRODUCTION, 2023, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES
THUS EFP TRANSFERS REPRESENTS 191.44 DIVIDED BY 3550 x 100% TONNES = 5.38% 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: 191.44 TONNES (WILL BE A VERY STRONG ISSUANCE MONTH FOR EXCHANGE FOR PHYSICALS)
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 HUGE SIZED 2418 CONTRACTS OI TO 162,601 AND FURTHER FROM THE COMEX HIGH RECORD //244,710( SET FEB 25/2020). THE LAST RECORDS WERE SET IN AUG.2018 AT 244,196 WITH A SILVER PRICE OF $14.78/(AUGUST 22/2018)..THE PREVIOUS RECORD TO THAT WAS SET ON APRIL 9/2018 AT 243,411 OPEN INTEREST CONTRACTS WITH THE SILVER PRICE AT THAT DAY: $16.53). AND PREVIOUS TO THAT, THE RECORD WAS ESTABLISHED AT: 234,787 CONTRACTS, SET ON APRIL 21.2017 OVER 6 YEARS AGO. HOWEVER WE HAVE NOW SET A NEW RECORD LOW OF 114,102 CONTRACTS JULY 3.2023
EFP ISSUANCE 1435 CONTRACTS
OUR CUSTOMARY MIGRATION OF COMEX LONGS CONTINUE TO MORPH INTO LONDON FORWARDS AS OUR BANKERS USED THEIR EMERGENCY PROCEDURE TO ISSUE:
SEPT 1430 and ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 1435 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 2418 CONTRACTS AND ADD TO THE 1435 E.FP. ISSUED
WE OBTAIN A HUGE SIZED LOSS OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES OF 983 CONTRACTS
THUS IN OUNCES, THE LOSS ON THE TWO EXCHANGES TOTALS 9.295 MILLION OZ OCCURRED DESPITE OUR SMALL $0.13 LOSS IN PRICE …THE MAJORITY OF THE OI LOSS WAS DUE TO SPREADER/T.A.S. LIQUIDATION.
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//
FRIDAY MORNING/THURSDAY NIGHT
SHANGHAI CLOSED UP 5.18 PTS OR 0.17% //Hang Seng CLOSED DOWN 360.78 PTS OR 2.13% // Nikkei CLOSED DOWN 62.86 OR 0.16%//Australia’s all ordinaries CLOSED DOWN 0.77%///Chinese yuan (ONSHORE) closed DOWN TO 7,2692 CHINESE YUAN OFFSHORE CLOSED DOWN TO 7.2830/ Oil DOWN TO 82.44dollars per barrel for WTI and BRENT UP AT 84.45/Stocks in Europe OPENED ALL RED
ONSHORE YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING WEAKER AGAINST US DOLLAR/OFFSHORE YUAN WEAKER
A)NORTH KOREA/SOUTH KOREA
outline
b) REPORT ON JAPAN/
OUTLINE
3 CHINA
OUTLINE
4/EUROPEAN AFFAIRS
OUTLINE
5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
OUTLINE
6.Global Issues//COVID ISSUES/VACCINE ISSUES
OUTLINE
7. OIL ISSUES
OUTLINE
8 EMERGING MARKET ISSUES
9. USA
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1. COMEX DATA//AMOUNTS STANDING//VOLUME OF TRADING/INVENTORY MOVEMENTS
GOLD
LET US BEGIN:
THE TOTAL COMEX GOLD OPEN INTEREST ROSE BY A GOOD SIZED 5754 CONTRACTS TO 598,013 DESPITE OUR LOSS IN PRICE OF $2.10 WITH RESPECT TO THURSDAY’S TRADING. THE LONGS COULD NOT CARE LESS WITH THE RAID ORCHESTRED BY THE CROOKS. CENTRAL BANKS ARE PATIENT. THEY WERE WAITING FOR THE ATTACK OCCURRING EARLY THIS MORNING AS THEY ACCUMULATE THEIR LONG PURCHASES AND WILL TENDER FOR PHYSICAL GOLD AT THE END OF THE DAY.
WE HAD A HUGE T.A.S. LIQUIDATION ON THURSDAY’S LOSS IN PRICE WITH ZERO LONGS BEING CLIPPED AND HUGE 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 HUGE SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS.,
THAT IS A HUGE SIZED 3828 EFP CONTRACTS WERE ISSUED: : AUGUST 3828 & ZERO FOR ALL OTHER MONTHS:
TOTAL EFP ISSUANCE: 3828 CONTRACTS.
ON A NET BASIS IN OPEN INTEREST WE GAINED THE FOLLOWING TODAY ON OUR TWO EXCHANGES: A STRONG SIZED TOTAL OF 9582 CONTRACTS IN THAT 3828 LONGS WERE TRANSFERRED AS EXCHANGE FOR PHYSICALS TO LONDON AND WE HAD A GOOD SIZED GAIN OF 5754 COMEX CONTRACTS..AND THIS HUGE GAIN ON OUR TWO EXCHANGES HAPPENED DESPITE OUR LOSS IN PRICE OF $2.10/THURSDAY 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 THURSDAY NIGHT A FAIR SIZED 1425 CONTRACTS. 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 THIS WEEK’S TRADING//RAIDS.
// WE HAVE A STRONG AMOUNT OF GOLD TONNAGE STANDING: JULY (11.5894 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: 11.5894 TONNES
THE SPECS/HFT WERE SUCCESSFUL IN LOWERING GOLD’S PRICE( IT FELL BY $2.10 //// BUT WERE UNSUCCESSFUL IN KNOCKING ANY SPECULATOR LONGS AS WE HAD A HUGE SIZED GAIN OF 20,938 CONTRACTS ON OUR TWO EXCHANGES DESPITE THE LOSS IN PRICE. THE T.A.S. ISSUED ON THURSDAY NIGHT WILL BE “PUT INTO THE BANK” TO BE USED AT A LATER DATE AT THE COLLUSIVE CHOOSING OF OUR BANKERS.
WE HAVE GAINED A TOTAL OI OF 65.125 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 00 OZ QUEUE JUMP//NEW STANDING 11.5894 TONNES
NEW STANDING FOR JULY: 11.5894 TONNES
ALL OF THIS WAS ACCOMPLISHED WITH OUR LOSS IN PRICE TO THE TUNE OF $2.10
WE HAVE REMOVED 11,356 CONTRACTS FROM THE COMEX TRADES TO OPEN INTEREST (CROOKS)//PRELIMINARY TO FINAL
NET GAIN ON THE TWO EXCHANGES 9592 CONTRACTS OR 958,200 OZ (29.80 TONNES)
confirmed volume THURSDAY 238,717 contracts//good
//speculators have left the gold arena
JULY 19 JULY GOLD CONTRACT
/ /// THE JULY 2024 GOLD CONTRACT
| Gold | Ounces |
| Withdrawals from Dealers Inventory in oz | nil |
| Withdrawals from Customer Inventory in oz | nil oz . |
| Deposit to the Dealer Inventory in oz | |
| Deposits to the Customer Inventory, in oz | i) Into Brinks 157,539.900 oz 4900 kilobars ii) Into Malca: 96,453.000 3000 kilobars (these are paper transfers) |
| No of oz served (contracts) today | 0- notice(s) 00 OZ 0.0000 TONNES |
| No of oz to be served (notices) | 77 contracts 7700 OZ 0.2396 TONNES |
| Total monthly oz gold served (contracts) so far this month | 3649 notices 364,900 oz 11.349 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 2 customer deposits:
i) Into Brinks 157,539.900 oz
ii) Into Malca: 96,453.000 oz 3000 kilobars
total deposit: 253,992.9 oz
customer withdrawals: 0
TOTAL WITHDRAWALS nil oz
Adjustment 0
CALCULATIONS FOR THE AMOUNT OF GOLD STANDING FOR JULY
For the front month of JULY we have an oi of 77 contracts having LOST 6 contracts. We had 6 notices filed on Thursday so we lost 0 contracts or an additional NIL oz will stand at the comex (0.0000 tonnes)
AUGUST LOST 4478 CONTRACTS DOWN TO 256,339 CONTRACTS
SEPT. GAINED 394 CONTRACTS TO STAND AT 976.
OCTOBER GAINED 1517 CONTRACTS UP TO 44,870 CONTRACTS
We had 0 contracts filed for today representing 0 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 0 notices were issued from their client or customer account. The total of all issuance by all participants equate to 0 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 (3649) x 100 oz ) to which we add the difference between the open interest for the front month of JULY 77( CONTRACTS) minus the number of notices served upon today (0 x 100 oz per contract( equals 372,600 OZ OR 11.5894 TONNES.
thus the INITIAL standings for gold for the JULY contract month: No of notices filed so far (3649 x 100 oz +we add the difference for front month of JULY (77 X// , OI} minus the number of notices served upon today (0) x 100 oz which equals 372,600 oz (11.5894 TONNES)
TOTAL COMEX GOLD STANDING FOR JULY: 11.5894 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: 1,669,472.561 oz 51/92 tonnes
TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD: 17,822,915.790 OZ
TOTAL REGISTERED GOLD 7,781,890.388 ( 242.04 tonnes).
TOTAL OF ALL ELIGIBLE GOLD: 10,041,025.402 OZ
REGISTERED GOLD THAT CAN BE SERVED UPON: 6,112,418 oz (REG GOLD- PLEDGED GOLD)= 190.12 tonnes //
END
SILVER/COMEX
JULY 19/2024
INITIAL
//2024// THE JULY 2024 SILVER CONTRACT//INITIAL
| Silver | Ounces |
| Withdrawals from Dealers Inventory | NIL oz |
| Withdrawals from Customer Inventory | 1,193,917.447oz ASAHI CNT . |
| Deposits to the Dealer Inventory | |
| Deposits to the Customer Inventory | 607,835.100 oz asahi Delaware |
| No of oz served today (contracts) | 3 CONTRACT(S) (.015 million OZ) |
| No of oz to be served (notices) | 94 contracts (0.470 million oz) |
| Total monthly oz silver served (contracts) | 6014 Contracts (30.075 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 2 customer deposits:
i)Into ASAHI: 606,824.200 oz
ii) Into Delaware 1010.900 ooz
total customer deposit 607,835.100 oz
JPMorgan has a total silver weight: 131.967million oz/301.324million or 43.85%
adjustment: 0
customer withdrawals: 2
i) out of Ashai 596,483.300 oz
ii) Out of CNT 597,434.187 oz
total withdrawal: 1,193,917.487 0z
TOTAL REGISTERED SILVER: 69.377 MILLION OZ//.TOTAL REG + ELIGIBLE. 301.324 million oz
CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR JULY:
silver open interest data:
FRONT MONTH OF JULY/2024 OI: 97 CONTRACTS HAVING LOST 8 CONTRACT(S). WE HAD 9 NOTICES FILED ON THURSDAY SO WE GAINED 1 CONTRACT OR AN ADDITIONAL 5,000 OZ WILL STAND AT THE COMEX VIA A QUEUE JUMP TO TAKE DELIVERY OVER HERE.
AUG, SAW A LOSS OF 34 CONTRACTS TO 1402
SEPT SAW A LOSS OF 2474 CONTRACTS TO 127,866
.
TOTAL NUMBER OF NOTICES FILED FOR TODAY: 3 for 0.015 MILLION oz
CONFIRMED volume; ON THURSDAY 76,779 large
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 6014 x 5,000 oz = 30,075 MILLION oz
to which we add the difference between the open interest for the front month of JULY( 97) and the number of notices served upon today 3 x (5000 oz) equals the number of ounces standing.
Thus the standings for silver for the JULY/2024 contract month: 6014 notices served so far) x 5000 oz + OI for the front month of JULY (97)x number of notices served upon today minus (3)x 5000 oz of silver standing for the JULY contract month equates to 30.540 MILLION OZ.
New total standing: 30.540 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 19 WITH GOLD DOWN $56.10 ON THE DAY; HUGE CHANGES IN GOLD INVENTORY AT THE GLD;:A WITHDRAWAL OF 2.01 TONNES OF GOLD FROM THE GLD// ///INVENTORY RESTS AT 840.01 TONNES
JULY 18 WITH GOLD DOWN $2.20 ON THE DAY; NO CHANGES IN GOLD INVENTORY AT THE GLD;: ///INVENTORY RESTS AT 842.02 TONNES
JULY 17 WITH GOLD DOWN $6.60 ON THE DAY; HUGE CHANGES IN GOLD INVENTORY AT THE GLD;: A MASSIVE DEPOSIT OF 5.49 TONNES OF GOLD INTO THE GLD///INVENTORY RESTS AT 842.02 TONNES
JULY 16 WITH GOLD UP $38.60 ON THE DAY; HUGE CHANGES IN GOLD INVENTORY AT THE GLD;: A DEPOSIT OF 1.44 TONNES OF GOLD INTO THE GLD///INVENTORY RESTS AT 836.53 TONNES
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
GLD INVENTORY: 840.01 TONNES, TONIGHTS TOTAL
SILVER
JULY 19 WITH SILVER DOWN 94 CENTS//NO CHANGES IN SILVER INVENTORY/// /INVENTORY REMAINS AT 435.854 MILLION OZ
JULY 18 WITH SILVER DOWN 13 CENTS//HUGE CHANGES IN SILVER INVENTORY” A DEPOSIT OF 2.374 MILLION OZ INTO THE SLV/// /INVENTORY RISES TO 435.854 MILLION OZ
JULY 17. WITH SILVER DOWN 75 CENTS//NO CHANGES IN SILVER INVENTORY// /INVENTORY REMAINS AT 433.480 MILLION OZ.
JULY 16. WITH SILVER UP 30 CENTS//NO CHANGES IN SILVER INVENTORY// /INVENTORY REMAINS AT 433.480 MILLION OZ.
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.
CLOSING INVENTORY 435.854 MILLION OZ//
PHYSICAL GOLD/SILVER COMMENTARIES
1.PETER SCHIFF SCHIFF GOLD/MIKE MAHARRAY
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
Why younger investors are drawn to gold
Submitted by admin on Thu, 2024-07-18 18:47 Section: Daily Dispatches
By Chris Taylor
Reuters
Thursday, July 18, 2024
NEW YORK — What asset class do millennials and Gen Z investors both want to own?
Here is an answer you may not have guessed: Gold.
Among wealthy investors under the age of 43, 45% own gold as a physical asset, and another 45% are interested in holding it, according to a recent study by Bank of America Private Bank.
Those are far higher percentages than other age groups.
Usually this demographic is not interested in assets like gold, cash or Treasuries, because they are considered to be “boring,” says Liz Young Thomas, head of investment strategy for digital financial services firm SoFi.
“As Treasury yields rise, cash is paying a high interest rate, and gold is rising along with it. We are seeing returns we normally don’t see in such a short period of time,” Thomas says. “Naturally, when assets have strong returns, younger audiences start to perk up.”
This confirms another study by money managers State Street, which finds that millennials have the highest allocation to gold in their portfolios, at 17%, far outpacing both boomers and Gen X at 10%. …
… For the remainder of the report:
https://www.reuters.com/markets/wealth/golden-rule-why-younger-investors-are-drawn-gold-2024-07-18
end
Gold coin sales up in the UK and in just about every jurisdiction
(Bloomberg)
UK gold coin sales jump on concerns over Labour’s fiscal plans
Submitted by admin on Thu, 2024-07-18 22:37 Section: Daily Dispatches
By Jack Wittels
Bloomberg News
Thursday, July 18, 2024
Sales of tax-exempt gold coins by the UK’s Royal Mint jumped in the last quarter as investors fretted about potential changes to fiscal policy by an expected new Labour government.
The total value of gold coins that don’t attract capital gains sold on the Mint’s website jumped by 9% during April-June from a year earlier, according to Stuart O’Reilly, market insight manager at the money producer.
“Our largest ever — multi-millions — single purchase of CGT-exempt coins by an individual occurred in late May,” O’Reilly said. There was a general swing in the online sales away from gold bars last quarter, he added, with the split between them and gold coins going from 50/50 to closer to two-thirds in favor of the latter in terms of money spent.
While the possibility of a capital gains hike by Labour adds to the coins’ appeal, it’s one of many potential drivers for the Mint’s increased sales.
Recent reductions in the threshold at which the tax is due may play a part. Buyers are also making a bullish bet on the future spot price of gold, which hit an all-time high this week before dropping back to trade at $2,463.20 an ounce in London today. …
… For the remainder of the report:
* * *
4. GOLD PODCASTS//LIVE FROM THE VAULT
5 B GLOBAL COMMODITY ISSUES/FOOD IN GENERAL//FREIGHT/COCOA
ASIA TRADING/FRIDAY MORNING/THURSDAY NIGHT
SHANGHAI CLOSED UP 5.18 PTS OR 0.17% //Hang Seng CLOSED DOWN 360.78 PTS OR 2.13% // Nikkei CLOSED DOWN 62.86 OR 0.16%//Australia’s all ordinaries CLOSED DOWN 0.77%///Chinese yuan (ONSHORE) closed DOWN TO 7,2692 CHINESE YUAN OFFSHORE CLOSED DOWN TO 7.2830/ Oil DOWN TO 82.44dollars per barrel for WTI and BRENT UP AT 84.45/Stocks in Europe OPENED ALL RED
ONSHORE YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING WEAKER AGAINST US DOLLAR/OFFSHORE YUAN WEAKER
1.YOUR EARLY CURRENCY VALUES/GOLD AND SILVER PRICING/ASIAN AND EUROPEAN BOURSE MOVEMENTS/AND INTEREST RATE SETTINGS FRIDAY MORNING.7:30 AM
ONSHORE YUAN: CLOSED DOWN TO 7.2692
OFFSHORE YUAN: UP TO 7.2830
SHANGHAI CLOSED UP 5.18 PTS OR 0.17 %
HANG SENG CLOSED DOWN 360.73 PTS OR 2.03%
2. Nikkei closed DOWN 62.56 PTS OR 0.16%
3. Europe stocks SO FAR: ALL RED
USA dollar INDEX UP TO 104.01 EURO FALLS TO 1.0888 DOWN 11 BASIS PTS
3b Japan 10 YR bond yield: FALLS TO. +1,038 Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 157.45 JAPANESE YEN NOW FALLING AS WELL AS LONG TERM 10 YR. YIELDS RISING //EVENTUALLY THIS WILL BREAK THE JAPANESE CENTRAL BANK
3c Nikkei now ABOVE 17,000
3d USA/Yen rate now well ABOVE the important 120 barrier this morning
3e Gold DOWN /JAPANESE Yen DOWN CHINESE ONSHORE YUAN: DOWN OFFSHORE: DOWN
3f Japan is to buy INFINITE TRILLION YEN worth of BONDS. Japan’s GDP equals 5 trillion USA
Japan to buy 100% of all new Japanese debt and NOW they will have OVER 50% of all Japanese debt.
3g Oil UP for WTI and 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 +2.4375/Italian 10 Yr bond yield UP to 3.737 SPAIN 10 YR BOND YIELD UP TO 3.210%
3i Greek 10 year bond yield UP TO 3.384
3j Gold at $2413.15//Silver at: 29.20 1 am est) SILVER NEXT RESISTANCE LEVEL AT $34.40//AFTER 28.40
3k USA vs Russian rouble;// Russian rouble UP 0 AND 49/ 100 roubles/dollar; ROUBLE AT 87.89
3m oil into the 82 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 157.45/ 10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 1.038% 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 0.8893 as the Swiss Franc is still rising against most currencies. Euro vs SF: 0.9684 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: 4.208 UP 2 BASIS PTS…
USA 30 YR BOND YIELD: 4.420 UP 2 BASIS PTS/
USA 2 YR BOND YIELD: 4.475 UP 2 BASIS PTS
USA DOLLAR VS TURKISH LIRA: 33.05…
10 YR UK BOND YIELD: 4.1335 UP 7 PTS
10 YR CANADA BOND YIELD: 3.411 UP 3 BASIS PTS
2a New York OPENING REPORT
Futures Flat Ahead Of $2.7 Trillion OpEx Amid Global IT Crash
FRIDAY, JUL 19, 2024 – 08:01 AM
Global stocks, already hammered by several days of relentless selling in mega-cap tech shares, struggled on Friday as an unprecedented, worldwide computer systems outage hit travel, trading and support services, threatening to exacerbate a pullback in technology stocks. As of 7:00am ET, S&P futures were flat, paring earlier losses, while Nasdaq futures dropped -0.1%. Global markets are also mostly in the red: FTSE -45bps, CAC -55bps, DAX -65bps, Nikkei -16bps, Hang Seng -2.03%, Shanghai +17bps. Cybersecurity firm Crowdstrike plunged as much as 21% in US premarket trading after warning its software was causing computer systems to crash. Its chief executive later said the issue was being fixed. Microsoft shares dropped 2%, though it said it had resolved the cloud-services outage that was blamed for disrupting flights and banks globally. Even the Russell is red this morning as the rotation takes a break. US Treasury yields were unchanged, with the 10Y trading at ~4.21% while the Bloomberg dollar index modestly higher as the yen reverses shallow overnight gains. There is nothing on today’s economic calendar so attention will focus on the fallout from the global IT outage and Trump’s RNC speech.
In premarket trading, IT outages across the globe weighed on several sectors on Friday, including airlines, insurers and stock exchange operators. Shares in Crowdstrike sank 14% after a widely used cybersecurity program crashed, while Microsoft fell 2.0% after separately reporting problems with its cloud services. Here are some other notable movers:
- Bank of America shares slip 0.3% after the lender was cut to neutral from accumulate at Phillip Securities in the wake of its recent earnings and share-price rally, with the broker flagging a number of headwinds.
- Intuitive Surgical shares jump 6.6% after the company’s second-quarter adjusted earnings per share came ahead of consensus estimates. Piper Sandler said this was an “all-around positive” update.
- Netflix shares fell 0.95% after the streaming-video giant’s third-quarter revenue forecast was slightly weaker than expected. However, analysts were largely positive on the print, which showed strong subscriber additions. Netflix shares were up 32% this year going into the report.
- SunPower shares slide 17% as the solar company extends declines after telling dealers it would no longer support new installations and was halting shipments.
Today’s tech disruptions come toward the end of a week that’s seen the Nasdaq shed more than 3%, as investors pulled out of high-flying megacap names and rotated into smaller companies. The Russell 2000 index has risen 2.3% this week. That said, market losses triggered by the outages are unlikely to last, said Rajeev De Mello, chief investment officer at Gama Asset Management, adding investors could “take advantage of such selloffs, especially in lower liquidity summer trading, and on Friday, to buy risk.”
“However, the equity sector rotation has been brutal and could continue somewhat longer,” he added.
The recent moves into smaller, lower-valuation sectors were precipitated by signs the Federal Reserve will cut interest rates in September, a view cemented by Thursday’s data showing the biggest jobless claims increase since early May, as well as the likelihood of more protectionism under a potential Donald Trump presidency.
“From a big-picture perspective, both the Fed moving towards a rate cut and Trump odds increasing should be risk positive,” said Mohit Kumar, a strategist at Jefferies International Ltd. “But it also meant that investors reconsider their asset and sector allocation as we head into the summer months. Sectors with heavier positioning suffered in the adjustment.”
Aside for the global IT outage, it has been light news flow heading into the final day of the week. OPEX today will be the largest July expiry on record – GS estimates $2.7tn of exposure including $555bn of single stock options. This means gamma is about to tumble as the market unclenches.
In Europe, the Stoxx 600 index was down 0.6%, falling for a fifth day. Shares in Air France-KLM, Ryanair Holdings Plc and other airlines fell heavily as flights were either grounded or delayed. LSE Group Plc, which operates the London stock exchange, recouped some of its share-price losses triggered after it said technical issues were preventing news from being published. Sartorius AG plunged 13% after the German electronics maker lowered full-year guidance. Computer-games maker Ubisoft Entertainment SA slid more than 8% after mixed full-year targets, while gaming firm Evolution AB also tumbled after its earnings missed estimates. Here are some of the biggest movers on Friday:
- Danske Bank shares jumped as much as 8% after Denmark’s largest lender unveiled a spate of dividend payouts and net income in the 2Q climbed 17% from a year ago.
- Electrolux gains as much as 11%, the most since April 2023, after the Swedish maker of home appliances reported a better-than-feared second-quarter report, where raw material costs have turned to tailwinds from headwinds, boosting the result.
- Mips shares rise as much as 8.6% as Jefferies upgrades the Swedish helmet component manufacturer to buy from hold, saying it delivered strong results in the second quarter and this positive momentum should continue through the second half of the year.
- Billerud surges as much as 9.6% after the Swedish packaging firm’s earnings beat estimates, with analysts anticipating some upgrades to estimates while highlighting investor concern around higher wood prices.
- Yara shares rise as much as 4.9% after the Norwegian agricultural chemical firm’s second-quarter earnings beat estimates as analysts noted the firm’s cost-cutting initiatives.
- Sartorius shares tumble as much as 15% after the German lab-quipment maker cut its outlook for the year.
- Ubisoft falls as much as 10%, the most in more than two months, after delivering an update that Citi describes as “characteristically messy.”
- Boliden declines as much as 9.3% after the miner reported revenue for the second quarter that missed the average analyst estimate.
- Evolution falls as much as 9.5% after the Swedish online live casino reported a weak set of second-quarter figures which were weighed down by a large customer payout and slower growth across all regions.
- Sopra Steria slides as much as 11% after the French software company issued a warning based on a weaker trajectory for the second half of the year.
- European airlines are losing ground on Friday as several companies from the travel industry deal with widespread technological issues that have delayed operations.
- Kone shares fall as much as 3.2% after the elevator installation company cut full-year guidance and released second-quarter results. Analysts at Jefferies also pointed to the impact of a slowdown in China.
Earlier, Asian stocks declined, with a key regional benchmark on course for its biggest weekly fall since mid-April, amid concerns over geopolitics and China’s economy. The MSCI Asia Pacific Index fell 1.3% Friday, with technology stocks TSMC, Samsung and Tencent among the biggest drags. Hong Kong was the region’s worst performer, with the Hang Seng Index down more than 2%. Equities also declined in South Korea, Australia, Japan and India. The MSCI Asian gauge was headed for a weekly loss of 2.4%.
China’s Third Plenum gave little reason for investors to buy, with few new measures to address weak domestic demand and the ailing property sector. That added to negative sentiment from prospects for tighter US restrictions on tech exports to Asia’s largest nation, as well as heightening tensions with the US as the presidential election looms. The region’s tech stocks have been the biggest losers after strong gains this year. Markets were not excited at the conclusion of China’s policy meeting, with the communique “giving little details on specific reforms, and no mention of any stimulus measures for the economy,” according to a DBS note. “On the positive side, there was agreement to leverage the role of the market, and to lift restrictions while ensuring effective regulation,” the note said.
In FX, the Bloomberg dollar spot index is near flat. JPY and CHF are the strongest performers in G-10 FX, SEK and NOK underperform.
In commodities, WTI drifts 0.1% lower to trade near $82.70. Brent flat at $85.08. Most base metals trade in the red; LME tin falls 2.7%, underperforming peers. Spot gold falls roughly $28 to trade near $2,417/oz. Spot silver loses 1.9% near $29.
In rates, treasuries were little changed amid modest losses in most European bond markets. Treasury 10-year yield is near flat on the day 4.20% with bunds and gilts lagging by 1bp and 3bp in the sector. Curve spreads also remain within a basis point of Thursday’s closing levels. The Bund curve bull-steepens with 2s10s widening 1.5bps. Treasury bull-flattens. Gilt bear-steepens. Peripheral spreads tighten to Germany. Australian 10-year yield rises 6bps, most in two weeks.
Looking at today’s calendar, there is no econ data on deck; Fed members scheduled to speak include Williams (10:40am) and Bostic (1pm)
Market Snapshot
- S&P 500 futures up 0.1% at 5,600
- Europe 600 down 0.6% to 511.05
- MXAP down 1.3% to 183.45
- MXAPJ down 1.6% to 569.18
- Nikkei down 0.2% to 40,063.79
- Topix down 0.3% to 2,860.83
- Hang Seng Index down 2.0% to 17,417.68
- Shanghai Composite up 0.2% to 2,982.31
- Sensex down 0.6% to 80,891.22
- Australia S&P/ASX 200 down 0.8% to 7,971.59
- Kospi down 1.0% to 2,795.46
- German 10Y yield little changed at 2.43%
- Euro down 0.1% to $1.0883
- Brent Futures little changed at $85.09/bbl
- Gold spot down 1.0% to $2,421.17
- US Dollar Index up 0.12% to 104.30
Top Overnight News
- Businesses across the world, from airlines to financial services and media groups, were hit by a global IT outage on Friday, causing massive disruption to a wide range of services and operations. According to multiple posts on social media, the outage has been blamed on an update to security software from US group CrowdStrike, which caused a problem with Microsoft’s Windows. A statement shared on social media that was also posted on a site for CrowdStrike’s business customers said: “CrowdStrike is aware of reports of crashes on Windows.” A status update on Friday morning said the company had “determined the underlying cause” — which did not appear to be a cyber attack but a technical problem — and that “the majority of services are now recovered”. However, wider outages remained, with some users on Friday unable to access various of Microsoft’s 365 suite of apps and services. (FT)
- Psident Biden is ‘soul searching’ amid calls to exit the 2024 race and some Democratic officials said they see a Biden exit from the race as a matter of time: Reuters sources.
- Several people close to President Biden said they believe he has begun to accept the idea that he may not be able to win in November and may have to drop out of the race, The New York Times reported. However, the Biden-Harris campaign co-chair later said that the New York Times report on President Biden is wrong and that Biden can win.
- US President Biden’s campaign reportedly called an all-staff meeting on Friday, according to AP. It was separately reported that top Democrats are preparing for a campaign without Biden, according to WSJ.
- Former House Speaker Pelosi told some House Democrats she believes President Biden can be convinced fairly soon to exit the race and told California Democrats Biden is getting close to deciding to abandon his presidential bid: Washington Post.
- Donald Trump said at the RNC that he is running to be president for all of America, not half of America, because there is no victory in winning for half of America, while he said they will achieve a great victory and a new phase towards prosperity will be launched. Trump also stated they will end the devastating inflation crisis immediately and bring down interest rates, as well as noted that they will not allow auto manufacturing plants to be built in Mexico and China. Furthermore, Trump referred to coronavirus as the ‘China virus’ and said they will not allow other countries to plunder the US.
- Japan’s national CPI for June didn’t deviate too far from expectations, coming in at +2.8% on the headline (flat vs. May and below the Street’s +2.9% forecast) and +2.2% core (up from +2.1% in May and inline w/the Street). RTRS
- Chinese leader Xi Jinping and several hundred other top Communist Party officials huddled in Beijing this week to plot a path forward for their country’s sagging economy. The outline they released after four days of meetings suggests a future that looks more or less like the present. That fidelity to China’s current course signals that Xi remains committed to his vision of state-led development, even as unease festers—among ordinary Chinese and foreign investors—over his stewardship of the world’s second-largest economy. WSJ
- Eurozone wages set to cool according to an ECB survey of businesses (a survey of large companies finds that firms anticipate wages coming in at +4.3% this year and +3.5% in ’25 vs. +5.4% in ’23). WSJ
- Netflix fell as its slightly weaker-than-expected third-quarter revenue forecast overshadowed a big beat on subscribers. RTRS
- Some of Joe Biden’s cabinet discussed whether he should end his reelection bid, people familiar said. Nancy Pelosi told some House Democrats she believes he can be convinced to exit, the WaPo reported. Biden’s campaign team called an all-staff meeting today, the AP said. BBG
- San Francisco Fed chief Mary Daly said some recent inflation data has been good but “we’re not there yet.” She flagged the need for policymakers to focus on both their mandates. BBG
- Hawaiian Electric is said to be among companies tentatively agreeing to pay more than $4 billion to resolve lawsuits from the Maui wildfires. BBG
IT Outage
- Major global IT outages have grounded planes and led to major service disruptions, for the likes of Microsoft (-2.2%) and Nvidia (-1%). A full list of headlines below.
- “Issue at cybersecurity firm CrowdStrike (CRWD) causing major IT problems around the world”, according to BNO News.
- London Stock Exchange Group (LSEG LN) is investigating technical issue with RNS announcements; said other services across the group, including London Stock Exchange, continue as normal.
- Microsoft (MSFT) some 365 apps remain in “degraded state”, via Bloomberg.
- AWS (AMZN) is investigating reports of connectivity issues related to update to CrowdStrike (CRWD) agent.
- American Airlines (AAL), Delta (DAL) and United Airlines (UAL) grounding all flights due to IT problem, according to ABC.
- Several major oil/gas trading desks in London and Singapore struggle to execute trades amid cyber outage, according to six sources cited by Reuters.
- CrowdStrike (CRWD) said outage resulted from an issue with the latest update, according to CNBC.
- NVIDIA (NVDA) said GeForce is currently experiencing a global outage for linking Xbox accounts with GFN.
- Microsoft (MSFT) said multiple services are “continuing to see improvements”
A more detailed look at global markets courtesy of Newsquawk
APAC stocks mostly followed suit to the losses on Wall St where sentiment was dampened and the Trump trade was seen in play as President Biden’s re-election chances dwindled further after top Democrats suggested he could be persuaded to drop out as soon as this weekend. ASX 200 fell below the 8,000 level with mining stocks leading the broad downturn seen across sectors. Nikkei 225 briefly retreated beneath 40,000 but then pared most of the initial losses to reclaim the key psychological level. Hang Seng and Shanghai Comp. conformed to the downbeat mood with the former pressured by weakness in the real estate industry, while losses in the mainland were stemmed after the PBoC liquidity efforts amounted to a net CNY 1.17tln for its largest weekly cash injection since January, while a CPC official noted the economic recovery is not strong enough and they need to implement macro policies more effectively.
Top Asian News
- Chinese senior party official for policy research said promoting Chinese-style modernisation faces many complex contradictions and problems, but it is necessary and they will improve the modern market system and promote market-oriented reform of factors of production. China will also deepen the reform of state-owned enterprises and will encourage the development and expansion of the private economy.
- Chinese senior party official for economic affairs said China’s economic recovery is not strong enough and needs to implement macro policies more effectively, while they should speed up the issuance and use of special bonds and noted that monetary policy should be flexible, moderate, accurate, and effective. Furthermore, China will maintain reasonable and abundant liquidity, while they should increase policy support so that enterprises and consumers tangibly benefit.
- Japanese PM Kishida said need to be cautious about the effects of rising prices due to a weak yen, while he noted the government must be vigilant about the impact of rising prices, driven in part by a weak yen, and on the economy to achieve a domestic demand-driven recovery.
European equities, Stoxx 600 (-0.5%) are entirely in the red, with sentiment hit amid ongoing worldwide IT outages, which have affected banking transactions and flights. European sectors hold a strong negative bias, with the typical defensive sectors performing better, given the glum risk tone. Basic Resources underperforms, amid broader weakness in the metals complex, with Travel & Leisure also hampered by the ongoing IT outages; Lufthansa (-1.9%). US equity futures (ES -0.2%, NQ -0.3%, RTY -0.4%) are entirely in the red, with sentiment hit amid global IT outages following updates at Crowdstrike (-14%), which has impacted the likes of Microsoft (-2.2%) and Nvidia (-1%).
Top European News
- ECB’s Muller said rates are sufficiently high to curtail borrowing demand; to cut again need more confidence inflation is going to 2%; we know there is still fluctuation on inflation. Realistic that disinflation continues over next 12 months. “Hard for me to comment how many rate cuts this year.” Important to not pre-commit on Sept.
- ECB’s Villeroy said disinflation is happening as predicted; inflation will continue to decline a bit slower; there is more uncertainty on growth than a few months ago. Rate decisions will be data-dependent. Watching services inflation carefully. Market expectations on rates seem rather reasonable.
- ECB’s Vasle said decisions will continue to be data dependent, via Econostream.
- ECB’s Simkus said no reason for cuts to exceed 25bps each; barring shocks, more easing is “undoubtedly” on the table; no doubt the topic of cut will be discussed in September; agrees with market view of two more cuts in 2024.
- ECB’s Rehn said the bank is not pre-committing to any specific rate path
- ECB Survey of Professional Forecasters: inflation to average 2.4% in 2024, 2.0% in 2025; both unchanged from the prior survey
FX
- USD is firmer vs. most peers in a continuation of the price action yesterday which has seen DXY bounce from a 103.65 low to a current peak today at 104.34. Risk aversion is partly behind the price action as well as a general correction from recent losses.
- EUR is softer vs. the broadly firmer USD after the pair slipped onto a 1.08 handle despite the fallout from yesterday’s ECB meeting being suggestive of a more cautious approach from policymakers. EUR/USD is now eyeing its weekly low set on Tuesday at 1.0871.
- GBP is a touch softer vs. USD with the pair’s 1.3044 print on Wednesday very much in the rear-view mirror. UK retail sales came in softer-than-expected but didn’t cause too much of a stir for the GBP.
- JPY relatively stable vs. the USD. For now, the base for the pair sits at 155.36 (printed yesterday) with the pair unable to launch a test of 155; around the European cash open, the JPY caught a slight bid, benefiting from the subdued risk tone, but has since stabilised.
- Antipodeans are both suffering at the hands of the current risk-aversion. AUD/USD has slipped onto a 0.66 handle, with the current session low at 0.6691.
Fixed Income
- USTs are very slightly lower, but faring better than their Transatlantic counterprarts as the Fed heads into its blackout period ahead of next week’s meeting (no change expected). The US curve is currently a touch higher with no real flattening or steepening bias.
- Bunds are on the backfoot amid the fallout from yesterday’s ECB meeting which was followed up by source reporting from Bloomberg which suggested that the Governing Council may only opt to lower rates one more time this year vs. the two broadly expected by the market.
- Gilts are lagging peers potentially in a bit of a catch-up play from yesterday’s action in other global markets. From a fundamental perspective, today’s UK Retail Sales came in soft but has had little follow-through into market pricing. Despite the recent downtrend, the UK 10yr yield is still managing to hold above the 4.0% mark
Commodities
- Crude is incrementally softer, but has clambered off lows in recent trade, and currently resides near session highs. Newsflow this morning has been dominated by the system outages caused by cybersecurity firm CrowdStrike, in which major oil/gas trading desks were also affected. In geopolitics, tensions mount as Israeli capital Tel Aviv saw an overnight attack.
- Precious metals are softer across the board amid the rising Dollar, with the deepest losses seen in spot silver, while spot gold pulls back further from record highs. Spot gold sits closer to the bottom of a current USD 2,413-2.445.34/oz parameter.
- Base metals are mostly lower amid the recent rebound of the Dollar coupled with ongoing woes over China’s economic health, whilst China’s Third Plenum presser only offered vague stimulus language.
Geopolitics
- Israeli officials mull EU and Palestinians running Rafah crossing and if enacted, it would foreshadow an end to the conflict between Israel and Hamas and enable more aid to get into Palestinian territory, according to Bloomberg.
- Israeli media reported smoke rising as a result of an explosion in Tel Aviv caused by an explosive device which was said to be a drone, while Yemen’s Houthis said they will reveal details about a military operation that targeted Tel Aviv.
- Houthi’s spokesperson said they targeted Tel Aviv “with a new drone bearing the name “Jaffa” capable of bypassing interceptor”.
- Israeli military believes Iranian-made drone that hit Tel Aviv was launched from Yemen, according to a spokesperson.
- “IDF: In the coming days, we will discuss options for offensive responses to those who threaten Israel’s security”, according to Sky News Arabia
US Event Calendar
- Nothing major scheduled
Central Bank Speakers
- 10:40: Fed’s Williams Speaks on Panel on Monetary Policy
- 13:00: Fed’s Bostic Gives Closing Remarks
2B EUROPE OPENING/TRADING
APAC stocks continued to slip, ECB sources suggests hawks are open to Sept cut – Europe Market Open
FRIDAY, JUL 19, 2024 – 01:38 AM
- APAC stocks mostly followed suit to the losses on Wall St where sentiment was dampened and the Trump trade was seen in play as President Biden’s re-election chances dwindled further.
- Chinese senior party official for economic affairs said China’s economic recovery is not strong enough and needs to implement macro policies more effectively.
- Several people close to US President Biden reportedly said they believe he has begun to accept the idea that he may have to drop out of the presidential race, although this was later refuted by the campaign co-chair; Biden reportedly asked for polling on how VP Harris would do.
- ECB officials reportedly consider if only one more cut is feasible in 2024, according to Bloomberg citing people familiar with the matter. The report noted that as inflation pressures still linger.
- Looking ahead, highlights include German Producer Prices, UK Retail Sales, Canadian Producer Prices & Retail Sales, Comments from Fed’s Williams & Bostic, and Earnings from American Express, SLB & Travelers.
19th July 2024
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US TRADE
EQUITIES
- US stocks were lower with selling pressure seen early in the session alongside reports that several top Democrats said the rising pressure from party congressional leaders and close friends will persuade US President Biden to drop out of the race, potentially as soon as this weekend, while there were also reports that the Houthi leader threatened an expanded escalation in the Indian Ocean and Mediterranean, as well as issued new threats against Saudi Arabia. As such, the major indices were on the back foot although pared some of the losses into the close, while the dollar was underpinned and Treasuries were pressured which are typical characteristics of the ‘Trump trade’.
- SPX -0.78% at 5,544, NDX -0.48% at 19,705, DJI -1.29% at 40,665, RUT -1.82% at 2,198.
- Click here for a detailed summary.
NOTABLE HEADLINES
- Fed’s Daly (voter) said recent data has been really good but the economy is not there yet on inflation, while she added the labour market is coming back into balance and there are risks on both sides for monetary policy choices. Daly said the Fed remains data dependent on monetary policy and warned pre-emptive or urgent policy actions risk making mistakes. Furthermore, she said they are not at price stability yet and she is not predicting an economic decline nor declaring mission accomplished.
- Fed’s Logan (non-voter) said the Fed is making progress in getting banks ready to use the discount window and Fed emergency lending programmes have been effective, while she added all eligible banks should be prepared for the discount window.
- US President Biden is ‘soul searching’ amid calls to exit the 2024 race and some Democratic officials said they see a Biden exit from the race as a matter of time, according to Reuters sources.
- US President Biden reportedly asked for polling on how VP Harris would do, according to ABC News. It was later reported that ABC News cited a US administration official stating that Biden is exhausted and the period of his isolation after being infected with coronavirus gives him an opportunity to consult and think, according to Al Jazeera.
- Several people close to President Biden said they believe he has begun to accept the idea that he may not be able to win in November and may have to drop out of the race, according to The New York Times. However, the Biden-Harris campaign co-chair later said that the New York Times report on President Biden is wrong and that Biden can win.
- US President Biden’s campaign reportedly called an all-staff meeting on Friday, according to AP. It was separately reported that top Democrats are preparing for a campaign without Biden, according to WSJ.
- Former President Obama told allies that President Biden needs to seriously consider his viability, according to the Washington Post.
- Former House Speaker Pelosi told some House Democrats she believes President Biden can be convinced fairly soon to exit the race and told California Democrats Biden is getting close to deciding to abandon his presidential bid, according to Washington Post.
- Fox was told that Democratic House and Senate members sense that there is a shift in President Biden’s thinking that he will definitely remain at the top of the ticket. Fox was told that the President contracting COVID is forcing a period of slowing down and reflection although the President’s bout with COVID could arrest the decision-making process, while one senior House Democratic source said “This will be an important weekend in Rehoboth”, while a House Democrat replied “When everyone returns to Washington Monday“ regarding when there might be more clarity.
- Donald Trump said at the RNC that he is running to be president for all of America, not half of America, because there is no victory in winning for half of America, while he said they will achieve a great victory and a new phase towards prosperity will be launched. Trump also stated they will end the devastating inflation crisis immediately and bring down interest rates, as well as noted that they will not allow auto manufacturing plants to be built in Mexico and China. Furthermore, Trump referred to coronavirus as the ‘China virus’ and said they will not allow other countries to plunder the US.
APAC TRADE
EQUITIES
- APAC stocks mostly followed suit to the losses on Wall St where sentiment was dampened and the Trump trade was seen in play as President Biden’s re-election chances dwindled further after top Democrats suggested he could be persuaded to drop out as soon as this weekend.
- ASX 200 fell below the 8,000 level with mining stocks leading the broad downturn seen across sectors.
- Nikkei 225 briefly retreated beneath 40,000 but then pared most of the initial losses to reclaim the key psychological level.
- Hang Seng and Shanghai Comp. conformed to the downbeat mood with the former pressured by weakness in the real estate industry, while losses in the mainland were stemmed after the PBoC liquidity efforts amounted to a net CNY 1.17tln for its largest weekly cash injection since January, while a CPC official noted the economic recovery is not strong enough and they need to implement macro policies more effectively.
- US equity futures traded sideways following recent losses and with Netflix shares indecisive and little changed post-earnings.
- European equity futures indicate a rangebound open with Euro Stoxx 50 futures up 0.1% after the cash market finished lower by 0.4% on Thursday.
FX
- DXY held on to recent gains above the 104.00 level amid the risk-off mood which was triggered by a further diminishing of President Biden’s re-election chances.
- EUR/USD languished beneath the 1.0900 handle after ECB President Lagarde’s recent rhetoric that September is “wide open”, while there were mixed source reports regarding prospects of a September cut although it was also acknowledged that decisions have yet to be made.
- GBP/USD loitered around this week’s worst levels beneath the 1.3000 territory after recent weakness in cyclical currencies.
- USD/JPY traded steadily following a resurgence from a brief dip beneath 157.00 after the latest BoJ data did not immediately show evidence of intervention on July 17th, while participants also digested somewhat varied Japanese CPI data.
- Antipodeans were restricted owing to risk aversion, a light calendar and softer commodity prices.
FIXED INCOME
- 10-year UST futures tested 111.00 to the downside amid the ongoing Trump trade after Biden’s re-election prospects further diminished.
- Bund futures retreated after failing to sustain post-ECB advances, while participants look ahead to German PPI data.
- 10-year JGB futures lacked conviction as participants digested the latest Japanese CPI data and amid the absence of additional BoJ purchases from the market today.
COMMODITIES
- Crude futures were subdued after yesterday’s indecision and with headwinds from the recent dollar strength.
- Spot gold continued its retreat from record levels although remains above the USD 2,400/oz level.
- Copper futures languished at multi-month lows after retreating alongside the risk aversion and China-related concerns.
CRYPTO
- Bitcoin was rangebound with two-way price action on both sides of the USD 64,000 level.
NOTABLE ASIA-PAC HEADLINES
- Chinese senior party official for policy research said promoting Chinese-style modernisation faces many complex contradictions and problems, but it is necessary and they will improve the modern market system and promote market-oriented reform of factors of production. China will also deepen the reform of state-owned enterprises and will encourage the development and expansion of the private economy.
- Chinese senior party official for economic affairs said China’s economic recovery is not strong enough and needs to implement macro policies more effectively, while they should speed up the issuance and use of special bonds and noted that monetary policy should be flexible, moderate, accurate, and effective. Furthermore, China will maintain reasonable and abundant liquidity, while they should increase policy support so that enterprises and consumers tangibly benefit.
- Japanese PM Kishida said need to be cautious about the effects of rising prices due to a weak yen, while he noted the government must be vigilant about the impact of rising prices, driven in part by a weak yen, and on the economy to achieve a domestic demand-driven recovery.
DATA RECAP
- Japanese National CPI YY (Jun) 2.8% vs. Exp. 2.9% (Prev. 2.8%)
- Japanese National CPI Ex. Fresh Food YY (Jun) 2.6% vs. Exp. 2.7% (Prev. 2.5%)
- Japanese National CPI Ex. Fresh Food & Energy YY (Jun) 2.2% vs. Exp. 2.2% (Prev. 2.1%)
GEOPOLITICAL
MIDDLE EAST
- Israeli officials mull EU and Palestinians running Rafah crossing and if enacted, it would foreshadow an end to the conflict between Israel and Hamas and enable more aid to get into Palestinian territory, according to Bloomberg.
- Field commander in Hezbollah’s elite Radwan forces was reportedly killed in an Israeli strike on south Lebanon, according to Reuters citing two security sources.
- Israeli media reported smoke rising as a result of an explosion in Tel Aviv caused by an explosive device which was said to be a drone, while Yemen’s Houthis said they will reveal details about a military operation that targeted Tel Aviv.
- Houthi’s spokesperson said they targeted Tel Aviv “with a new drone bearing the name “Jaffa” capable of bypassing interceptor”.
- White House said it has been monitoring threats from Iran when it comes to the former administration.
OTHER
- North Korean leader Kim discussed the importance of military cooperation with Russia in a meeting with a Russian delegation and stressed the need for North Korean and Russian armies to unite more to firmly defend the peace, according to KCNA.
EU/UK
NOTABLE HEADLINES
- ECB officials reportedly consider if only one more cut is feasible in 2024, according to Bloomberg citing people familiar with the matter. The report noted that as inflation pressures still linger, officials are becoming less confident that a path for two further reductions is realistic, and don’t want investors to assume that a move in September is a done deal, while policymakers’ experience of having made too strong a commitment in June are also motivating them to keep all options available for the September meeting. Furthermore, an argument in favour of a cut in September is the weak performance of the economy in Q2 which may struggle to pick up although sticky services inflation could weigh against such a move, while none of the people excluded the possibility that two rate cuts could still occur and all emphasised that decisions have yet to be made.
- ECB hawks are open to September rate cut provided upcoming data confirm disinflation is underway, according to Reuters sources.
DATA RECAP
- UK GfK Consumer Confidence (Jul) -13.0 vs. Exp. -12.0 (Prev. -14.0)
2e) JAPAN
JAPAN
3 CHINA
end
4.EUROPEAN AFFAIRS//UK /SCANDINAVIAN AFFAIRS
EU
EU Parliament Refuses To Condemn Trump Assassination Attempt
FRIDAY, JUL 19, 2024 – 02:00 AM
Authored by Denes Albert via ReMix news,
On Wednesday, the Patriots for Europe Group in the European Parliament initiated a plenary debate and a resolution condemning political violence, including the attempted assassination of former U.S. President Donald Trump, the current presidential candidate, but the majority of MEPs voted against it, Kinga Gál, the group’s first vice-president, said in Strasbourg.
Fidesz EP caucus leader Kinga Gál. (MTI/Tamás Purger)
At her press conference, Kinga Gál criticized the EU parliament for doing virtually nothing to combat the political violence that has already been rife in Europe.
She cited as examples the attack on Slovak Prime Minister Robert Fico and the case of Antifa activist Ilaria Salis, who was arrested in Budapest and “despite almost killing an innocent man, is now sitting in the EU parliament benches, and despite all the procedures, is lecturing us on how to behave.”
https://www.zerohedge.com/geopolitical/eu-parliament-refuses-condemn-trump-assassination-attemp
Kinga Gál said that in her speech before the agenda, she also referred to Tuesday’s EU parliament vote on the vice-presidencies, calling it disrespectful to the 18 million or so voters behind the Patriots for Europe group and to the basic rules of democracy and the rule of law that neither of the two candidates — Klara Dostalova and Fabrice Leggeri — from the parliament’s third-largest group received enough votes.
“The fact that practically an extreme communist was voted into the positions belonging to the Patriot MEPs with the help of the European People’s Party is unacceptable,” she said, adding that she did not rule out legal action.
“We must fight for what we deserve for parliamentary rules,” she said.
She said that Patriots for Europe had issued a political declaration on the issue, in which it said it strongly condemned all forms of violence in political life, in the light of recent manifestations of political violence in Europe and the U.S.
“The assassination attempts on U.S. presidential candidate Donald Trump and Slovak Prime Minister Robert Fico must not go unpunished,” the statement said.
“We find unacceptable the conniving silence of the left-wing political forces and the legitimization of violent acts against patriotic politicians. We demand respect for political opponents in the left discourse and expect fair and balanced treatment from the media,” Kinga Gál wrote in a Facebook post.
END
5/RUSSIAN AND MIDDLE EASTERN AFFAIRS
ISRAEL HAMAS/USA
END
ISRAEL HAMAS
end
ISRAEL /HOUTHIS
ISRAEL/HAMAS
end
ISRAEL/HEZBOLLAH/LEBANON
Israeli air force hits Mohammed Jbara in Southern Lebanon, a major commander
in another escalation.
IAF targets Hamas-affiliated terrorist Mohammad Jbara in southern Lebanon
Israeli Air Force UAV targets Islamic Group terrorist who collaborated with Hamas to attack Israel’s northern border.
By JERUSALEM POST STAFF, YONAH JEREMY BOBJULY 18, 2024 09:37Updated: JULY 18, 2024 21:0
The IAF eliminated the Hamas-affiliated Islamic Group terrorist Mohammed Jbara in southern Lebanon, the IDF reported on Thursday.
According to the report, Jbara was trusted with facilitating and carrying out terror operations and launches from Lebanon into Israel, some in collaboration with the Islamic terror organization Hamas in the country.
His elimination impaired Hamas’s ability to promote and carry out terror operations against Israel along the northern border, which had intensified in recent times.
At press time, there had been rounds of sirens and unofficial reports of shoot-downs by the IDF’s air defense systems which were likely related to a mix of Hezbollah drone and rocket attacks, but the IDF had not yet commented on the developments.
Although late Wednesday and early Thursday had seen fewer Hezbollah attacks, between Tuesday and early Wednesday there had been a significant escalation of rocket attacks.
Terrorist eliminated in western Beqaa Valley
Earlier on Thursday, an unmanned aerial vehicle (UAV) struck a car in southern Lebanon, reportedly killing one Islamic Group terrorist, Kan News reported on Thursday, citing the Saudi-affiliated Al-Arabiya news outlet.
דיווחים בלבנון: הרוג בתקיפת כלי רכב באזור מערב אל-בקאע שבדרום המדינה | לכל העדכונים >>> https://kannews.org/3LvrV8o
@nurityohananTranslate post
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According to Kan’s report, the terrorist was eliminated in the western Beqaa Valley in Lebanon.
end
Senior commander of Hezbollah Radwan force killed
(Jerusalem Post)
Senior commander of Hezbollah’s Radwan force killed in an attack in Lebanon – report
By MAARIVJULY 18, 2024 22:37
Senior Hezbollah Radwan force commander Habib Maatuk was reportedly killed in a strike in southern Lebanon on Thursday, according to army radio, citing an Al Arabiya report.
ISRAEL/SYRIA
ISRAEL/HOUTHIS/RED SEA
this is a major escalation: Houthis hit a Tel Aviv building: one dead 8 in hospital
(zerohedge)
‘The Whole Building Shook’: Houthis’ Tel Aviv Drone Strike Kills 1, Hospitalizes 8
FRIDAY, JUL 19, 2024 – 07:20 AM
In what could spark spiraling escalation of warfare between Yemen’s Houthis, Hezbollah and the State of Israel, a large drone struck a high-rise building in central Tel Aviv overnight, killing 1 and wounding 8 more. Using social media, a Houthi spokesman indicated the group had launched a “military operation” that “targeted ‘Tel Aviv’ in occupied Palestine’.”
Saudi-headquartered Al Arabiya reported that the Houthis fired four drones and a ballistic missile. The missile and three of the drones were said to have been shot down by US forces in the region. Witnesses say the 3:15 am blast was so loud, it was audible for miles. In video circulating on social media that purportedly captured the strike, a telltale buzzing sound is heard followed by a blinding flash and the sound of an explosion:
CCTV footage of the explosion in Tel Aviv. The sound of a drone can clearly be heard before the explosion.
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“The whole building shook,” Alon, a local resident, told Haaretz. “My neighbours’ windows shattered so I was sure something had hit the building. It was only when I went outside that I realized that several buildings had been damaged.” According to one report, eight victims were hospitalized; four were wounded, while the others were receiving treatment “for anxiety.”
No alarms were sounded. This latest Israel Defense Forces (IDF) failure promises to heighten Israelis’ sense of vulnerability that persists nine months after the stunning Oct. 7 Hamas invasion of southern Israel. Following the attack, the IDF said it had elevated air patrols to bolster defenses. While it wasn’t struck, a branch office of the US embassy was described as just 100 meters away from the blast. (For perspective, that’s even closer than the distance between former President Trump and the sniper perched on a gently-sloping but mostly-dangerous roof in Butler, Pennsylvania.)
While ZeroHedge can’t confirm their authenticity, these videos circulating on social media are said to show an aerial view of an enormous fireball, and the ensuing smokey chaos in the streets:
New scenes of the moment the drone exploded in a building in occupied Tel Aviv.
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A paramedic who was among the first to respond to the attack told Haaretz that he treated two wounded people in the street, and two more who were in their residences in the building. “Shortly [after that], we found the fatality on one of the top floors of an adjacent building. He was in bed and there was shrapnel damage everywhere in his apartment.”
Hours after the attack, a Houthi spokesman used a televised speech to declare that Tel Aviv would continue to be a principal target “within the range of our weapons.” He touted a new drone called “Yafa” — presumably named after the Jaffa region of Israel where Tel Aviv is located. “It is capable of bypassing interception systems and radars cannot detect it,” the Houthis claimed in an accompanying tweet. Tel Aviv is some 1,200 miles from Yemen.
Along with the Lebanese Hezbollah militia, Yemen’s Houthis have been waging war on Israel and Israel-linked cargo ships, in solidarity with millions of Palestinians suffering under the effects of the IDF’s devastating military attacks and blockade on Gaza that began after the Oct. 7 Hamas invasion.
Friday morning’s attack on Tel Aviv came hours after the IDF claimed it had killed a senior commander of the Lebanese Hezbollah militia, which has been increasingly aggressive in striking targets across northern Israel and the Israeli-occupied Golan Heights. That commander, Ali Jaafar Maatouk, was said to have died when an IDF fighter-jet strike obliterated the three-story house he was in:
חיזבאללה במרחב ג׳מיג׳מה, לצד מפקדה נוספת של הארגון במרחב מג׳דל סלם>>Translate post
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Watch for a significant IDF retaliation for the Tel Aviv strike, which could, in turn, invite even more ambitious aggression by the forces arrayed against the State of Israel.
We must add Houthis did warn about expanding their threat coverage to the Mediterranean area in May (read: here).
“Between hitting a tanker carrying Russian oil and their latest attack inside Israel, the Houthis are overextending themselves and will soon feel the pain of real firepower as Israel looks beyond Gaza and Lebanon and the US, potentially under Trump, gets tougher on Iran and its proxies,” said Scott Modell, who heads Rapidan Energy Group.
END
end
RUSSIA/UKRAINE/INDIA
It Was A Major Mistake For Zelensky To Insult Modi Last Week
FRIDAY, JUL 19, 2024 – 04:15 AM
Authored by Andrew Korybko via Substack,
Zelensky insulted Indian Prime Minister Modi during his trip to Moscow last week by tweeting that “It is disheartening to see the leader of the world’s largest democracy embrace the world’s most notorious criminal in Moscow”, thus prompting India to summon the Ukrainian Ambassador on Monday.
It’s unclear what he was told, but his hosts predictably made it clear that such rhetoric isn’t welcome, especially after Modi lamented the loss of life in all conflicts during his meeting with Putin.
While some might imagine that Zelensky simply tweeted whatever his Western patrons told him to, the reality is that he probably did so on his own prerogative, though therein lies the problem. In his mind, the latest phase of the Ukrainian Conflict sparked by Russia’s special operation is an epic battle between democracies and dictatorships, not anything having to do with security dilemmas and national interests. This false perception was impressed upon him by the West over two years ago.
While his embrace of it might have been opportunistic to begin with, namely to rally the Collective West around the cause of Ukraine reconquering its lost territories per Kiev’s envisaged maximalist goal, he’s since become a sincere believer in this paradigm as evidenced by what he tweeted about Modi. The reason why this is troubling isn’t just because it’s an inaccurate way of assessing everything, but also because it led to Ukraine stirring trouble with the Voice of the Global South, India.
The past nearly two and a half years have seen Ukraine belatedly realized that it must obtain some support from this diverse collection of non-Western countries if it’s to have any hope of pressuring Russia to compromise on its own envisaged maximalist goals in this conflict. This explains the recent outreaches to that part of the world during last month’s Swiss talks, which were over-hyped ahead of time and thus became a disappointment after they failed to meet the public’s lofty expectations.
Zelensky announced earlier this week that four more talks are planned before December, with at least two of them taking place in the Global South states of Qatar and Turkiye, the first of which has first-world living standards for its citizens (though not migrant workers) but is still a non-Western country. Quite clearly, this schedule was discussed over the past month since the last Swiss talks, it wasn’t something that was broadly agreed to by those countries over the past week since Modi’s Moscow trip.
Accordingly, Zelensky should have exercised better judgement than to insult the Indian leader like he did since this in turn reduces the chances that Modi will send high-level representatives to those events, let alone sign whatever final declaration might emerge from them. It also declined to put its signature on the Swiss document so precedent suggests that it was already planning to withhold it from forthcoming ones, but nonetheless, India’s attitude towards Ukraine will sour even more than it already has.
India is the world’s most populous country, the Voice of the Global South, and a major power that’s pivotal to the global balance between all key players so getting on its bad side like Zelensky just did will capsize Ukraine’s plans to generate wider support for its cause. China refused to attend the Swiss talks and thus likely won’t participate in the forthcoming ones, and with India possibly sending low-level dignitaries from here on out who are now less likely to sign any declarations, the Global South is lost.
Without at least one of those two’s support, especially India’s seeing as how it’s the world’s largest democracy, Zelensky will be unable to obtain real support from the Global South as a whole and can’t continue upholding the claim that this conflict is an epic battle between democracies and dictatorships. To be sure, it was never realistic to expect India to fully support Ukraine due to its multi-alignment policy and principled neutrality towards this conflict, but it might have signaled more sympathy for its cause.
That’ll never happen now after what Zelensky wrote about Modi, which amounts to one of the greatest self-inflicted soft power blows that any leader has committed in recent memory. He let himself believe the false paradigm about this conflict and then emotionally reacted when he saw Modi hugging Putin instead of taking some time to calm down before tweeting.
This episode says a lot about Zelensky as a person, and it’s that he’s a very weak man at heart, not the lion that the West has pretended that he is.
END
RUSSIA/NATO
Russia does not like to see this in their backyard
(zerohedge)
Russia Warns It Sees ‘Concentrated Presence’ Of NATO Warships In Black Sea
FRIDAY, JUL 19, 2024 – 02:45 PM
The Kremlin has again warned against a build-up of NATO warships in the Black Sea, while saying it is monitoring a noticeable increase in Western military vessels.
“Of course, the concentrated presence of NATO ships – we are paying attention to Bulgaria and Romania, the coastal states that are members of the (NATO) alliance – of course this represents, especially in the current situation, an additional threat to Russia,” Putin spokesman Dmitry Peskov told a press briefing Thursday.
“Of course, Russia will take all necessary measures to ensure its own security,” he added. Throughout the course of the war, Ukraine forces have used both aerial missiles as well as sea drones to attack Russia’s Black Sea fleet.
Ukraine’s President Zelensky has meanwhile vowed to not let Russia dominate the Black Sea. This week he unveiled a new ‘maritime security strategy’ in cooperation with the West.
The strategy seeks to ensure “readiness, comprehensive and effective prevention and response to threats to the maritime security of Ukraine arising in coastal areas, in its maritime spaces, as well as other areas of the World Ocean to which the economic and other interests of Ukraine extend.”
A key measure is that it proposes “ensuring the permanent presence of NATO forces in the Black Sea.”
Ukraine military officials have lately claimed that Russia is pulling much of its naval assets from the Crimean coast amid recent successful drone strikes there:
Dmitry Pletenchuk, a spokesperson for the Naval Forces of the Armed Forces of Ukraine, made the statement in a Facebook post on Monday.
“The last patrol ship of the Russian Black Sea Fleet is leaving our Crimea right now. Remember this day,” he said, per a translation by the state-affiliated Ukrainian news outlet Militarnyi.
Ukraine previously claimed it has destroyed up to one-third of Russia’s Black Fleet, likely also using Western-supplied missile and drone systems.
While the extent to which this is accurate remains unclear, Russia has long been seeking to protect its docked and deployed naval forces with extra precautions.
For example, military observers have confirmed Russian ships are increasingly using the more protected Sea of Azov to fire missiles at Ukraine, to prevent additional losses.
6.COVID ISSUES/VACCINE ISSUES//DRUG AND HEALTH ISSUES
CDC Figures Show COVID At “Very High” Levels In 7 US States
FRIDAY, JUL 19, 2024 – 12:05 PM
Authored by Jack Phillips via The Epoch Times,
The most recent wastewater data published by the U.S. Centers for Disease Control and Prevention (CDC) show that COVID-19 levels are “very high” in about a half-dozen states and at “high” levels in even more.
As of the agency’s most recent update, about 26 states are currently seeing “high” or “very high” levels of COVID-19 activity in wastewater. Other agency metrics show that the virus is on the rise across the United States, including the number of emergency room visits and hospitalizations.
WastewaterSCAN, a private organization that tracks wastewater, shows that COVID-19 is currently at a “high” level across the U.S.
However, despite the latest figures, the current increase in COVID-19 activity is nowhere near the levels seen in the early days of the pandemic or even last year, according to historical data published by the CDC.
As of the week ending June 29 6, 2024, 259 deaths were recorded across the United States. In comparison, there were thousands of deaths reported each week during earlier peaks of COVID-19, since March 2020, according to the agency.
Notably, the White House on Wednesday evening said President Joe Biden tested positive for COVID-19 with mild symptoms and will now be isolating at his home in Delaware. A scheduled speech in Las Vegas, Nevada, was canceled.
Nevada was among the states classified by the CDC as having “very high” levels of COVID-19 activity. Other states with very high levels include Oregon, California, Texas, Arkansas, Maryland, and Florida, the CDC’s map shows.
States with “high” levels include Alaska, Hawaii, Pennsylvania, Idaho, Washington state, Wyoming, Colorado, Utah, New Mexico, Louisiana, Missouri, Minnesota, Tennessee, Virginia, South Carolina, Alabama, Connecticut, and Maine, according to the CDC. President Biden’s home state of Delaware is seeing “moderate” levels.
The president, who is 81, is considered in the age group that federal officials consider at the highest risk of developing severe disease from COVID-19.
The White House confirmed that President Biden started taking Paxlovid, an antiviral drug made by Pfizer that specifically targets COVID-19. He received an updated booster vaccine last year, officials said at the time.
Dr. Kevin O’Connor, the president’s physician, said in a note that the president “presented this afternoon with upper respiratory symptoms, to include rhinorrhea (runny nose) and non-productive cough, with general malaise.” After the positive COVID-19 test, President Biden was given his first dose of Paxlovid, he said.
President Biden was slated to speak at the UnidosUS event in Las Vegas Wednesday afternoon as part of an effort to rally Hispanic voters ahead of the November election. Instead, he departed for the airport to fly to Delaware, where he had already been planning to spend a long weekend at his home in Rehoboth Beach, the White House said.
The president last tested positive for COVID-19 in the summer of 2022, when he had a primary case and a rebound case of the virus several weeks later. At the time, he was also prescribed Paxlovid.
The CDC has recommended that adults of all ages and children aged six months and older receive the most updated vaccine, although a number of studies published over the years have called into question the effectiveness of the vaccines and boosters.
The ongoing COVID-19 uptick is occurring alongside increases of two KP variants and the related LB.1, in which all three accounted for about 85 percent of new cases as of early July, the CDC said.
Late last month, a CDC spokesperson David Daigle told The Epoch Times that the LB.1 variant “has the potential to infect some people more easily based on a single deletion in a spike protein” but stressed “there is currently no evidence that LB.1 causes more severe disease.”
At the time, Mr. Daigle said COVID-19-associated hospitalizations and deaths remain low.
WORLD EVENTS NOTEWORTHY
END
WORLD HEALTH ISSUES
MARK CRISPIN MILLER
DR PAUL ALEXANDER
| Forwarded this email? Subscribe here for moreYes, having the head of POTUS Trump EXPOSED (by the Secret Service) as you covered his body was a major clusterfuck; was it the agents were too short? did they adjust for height of Trump before assign-ing agents? Is Ann Coulter onto something or is just ranting? Sometimes she is stellar, sometimes a bit xxx; attacks on 45 are a bit much; I do think she is brilliant, lover of USA & has lots to giveDR. PAUL ALEXANDERJUL 19 READ IN APP After almost getting a president killed, may we reconsider females in law enforcement? (substack.com)I think Ann makes some valid points and I am not generalizing to all women, but I do think looking on, that the women who were tasked with protecting POTUS Trump were misplaced and goofy and funny and keystone mall types…maybe it was the moment? but in reality, there must be ZERO room for error in these situations…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.Subscribedhow could Trump’s head be so exposed after being shot in the head? yes it did seem they were having trouble holstering their weapons…hhhmmm….UNSAFEAfter almost getting a president killed, may we reconsider females in law enforcement?Re-issued column: ‘Freeze! I Just Had My Nails Done!’ |
SLAY NEWS
| WEF Advisor: Trump’s Re-Election Will Be ‘Final Death Blow’ to ‘Global Order’A senior advisor to the World Economic Forum (WEF) and its founder Klaus Schwab has warned that the re-election of President Donald Trump in November will destroy the so-called “global order.”READ MORE |
| Japanese Biopsy Specialists Prove Covid Shots Cause Deadly Heart FailureA group of Japanese scientists has used a specialized biopsy technique to finally prove that Covid mRNA shots are causing cases of deadly heart failure to surge around the world.READ MORE |
| MSNBC’s Joy Reid: Biden Catching Covid Is ‘Exactly the Same Thing’ as Trump Being ShotMSNBC’s Joy Reid has responded to the news that Democrat President Joe Biden has caught Covid by praising his “strength.”READ MORE |
| Trump’s Eldest Granddaughter Delivers Powerful Speech at RNC, Gets Standing OvationPresident Donald Trump’s eldest granddaughter gave a moving speech during the Republican National Convention (RNC).READ MORE |
| Biden Teases Kamala Harris ‘Could Be President’ during NAACP SpeechDemocrat President Joe Biden has dropped hints that he may soon be replaced.READ MORE |
| Thomas Matthew Crooks Blasted Trump Supporters as ‘Stupid,’ Ex-Classmate RevealsMore details are beginning to emerge to reveal the motivations that led to Thomas Matthew Crooks attempting to assassinate President Donald Trump last weekend.READ MORE |
| Stephen A. Smith: Historic Trump Photo Just Secured His Re-ElectionESPN’s Stephen A. Smith has declared that the shooter who tried to assassinate President Donald Trump may have secured his re-election instead.READ MORE |
| Supreme Court Pauses Execution of Man Convicted of Murdering Elderly WomanThe Supreme Court halted the execution of a Texas man convicted of murdering an elderly woman over 25 years ago.READ MORE |
| Knife-Wielding Man Shot Dead by Police Near Republican National ConventionPolice shot and killed a knife-wielding man near the venue for the Republican National Convention in Milwaukee, according to reports.READ MORE |
| ‘Rust’ Armorer’s Lawyers Demand Prison Release after Alex Baldwin’s Case DroppedAttorneys for “Rust” armorer Hannah Gutierrez-Reed are demanding the immediate release of their client after Hollywood star Alec Baldwin’s case was dropped by the court.READ MORE |
| Adam Schiff Calls on Biden to End Re-Election Bid as Trump SurgesDemocrat Rep. Adam Schiff (D-CA) has joined calls for President Joe Biden to drop out of the presidential race.READ MORE |
| Former Top Biden Staffer Calls on Democrats to ‘Turn Their Fire on Trump’President Joe Biden’s former White House Communications Director Kate Bedingfield has appeared on CNN and called on Democrats to “turn their fire on Donald Trump.”READ MORE |
| DHS Inspector General Launches Investigation into Secret Service over Trump Assassination AttemptAn investigation into the U.S. Secret Service has been launched by the Department of Homeland Security’s (DHS) inspector general following the failed assassination attempt against President Donald Trump.READ MORE |
The latest reports from Slay News
EVOL NEWS
| POWERFUL: Gold Star Parents at RNC Say the Names 13 American Service Members Killed in Afghanistan Withdrawal – ‘Something Biden Has Never Done’ (VIDEO) – EVOLREAD MORE… |
| LATEST NEWS: |
| LATEST NEWS: |
NEWS ADDICTS
| Bill Gates Admits Using Public as ‘Guinea Pigs’ for mRNA ShotsBillionaire Bill Gates has admitted that he and his globalist allies have been using the general public as “guinea pigs” to test dangerous mRNA technology with Covid shots.READ THE FULL REPORTWATCH: Former Classmate of Trump Shooter Recalls Being Mocked by Crooks for Supporting President TrumpA former classmate of Thomas Matthew Crooks, the 20-year-old who attempted an assassination, revealed that Crooks once mocked him for supporting former President Donald Trump and generally expressed disdain for mainstream politicians from both parties.READ THE FULL REPORTJack Smith Files New Motion to Appeal Judge’s Decision to Dismiss Trump’s Classified Documents CaseSpecial Counsel Jack Smith has announced plans to appeal a Florida judge’s decision to dismiss his case against former President Donald Trump concerning the handling of classified documents.READ THE FULL REPORTSecret Service Director Tries to Shift Blame: ‘We Were Solely Responsible for Trump Rally Site Design, Not Locals’Wednesday, Secret Service Director Kimberly Cheatle addressed a question regarding her previous statement that local law enforcement was responsible for the building from which an attempted assassin fired at former President Donald Trump, a 2024 Republican presidential candidate.READ THE FULL REPORTBREAKING: DHS Inspector General Launches Investigation into Secret Service After Failed Protection Led to Attempted Assassination of Donald TrumpThe Department of Homeland Security’s inspector general is investigating the Secret Service after the agency failed to prevent an assassination attempt on former President Donald Trump during a campaign rally in Butler, Pennsylvania, on Saturday, according to a notice on its website.READ THE FULL REPORTVIEW MORE NEWS |
Philippines Issues Red Alert as Vax Deaths Skyrocket
The Philippines government is raising the alarm to nations around the world as Covid vaccine deaths continue to skyrocket into the hundreds of thousands.
READ THE FULL REPORT
Mother Successfully Prevents Son from Receiving Forced Covid Shot That Would Have Killed Him
In a landmark case, a mother has won the right to prevent her disabled son with a rare heart condition from receiving the COVID-19 vaccine.
READ THE FULL REPORT
Ex-CDC Director Admits Covid Vaccine Mandates Were an Unprecedented Mistake
According to former Centers for Disease Control and Prevention (CDC) director Dr. Robert Redfield, the COVID-19 vaccination campaign was fueled by propaganda.
READ THE FULL REPORT
Official Czech Data Shows 50% Higher Deaths Among Moderna-Vaccinated Individuals Compared to Pfizer
A recent analysis of record-level data from Czechia has revealed a concerning finding regarding the Moderna COVID-19 vaccine.
READ THE FULL REPORT
News Legend and Trump Supporter Lou Dobbs Tragically Passes at 78
Lou Dobbs, a true American patriot, former Fox Business host and one of the brightest minds in television history, has sadly passed away at the age of 78.
READ THE FULL REPORT
VIEW MORE NEWS
MICHAEL EVERY/PHIL MAREY/OR OTHER EXECS //RABOBANK
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 FRIDAY MORNING 6;30AM//OPENING AND CLOSING
EURO VS USA DOLLAR: 1.0888 DOWN .0011
USA/ YEN 157.45 UP 0.278 NOW TARGETS INTEREST RATE AT 1.00% AS IT WILL BUY UNLIMITED BONDS TO GETS TO THAT LEVEL…//YEN STILL FALLS//
GBP/USA 1.2921 DOWN 0.0028
USA/CAN DOLLAR: 1.3711 UP .0011 (CDN DOLLAR DOWN 11 BASIS PTS)
Last night Shanghai COMPOSITE CLOSED UP 5.18 PTS OR 0.17%
Hang Seng CLOSED DOWN 360.73 PTS OR 2.03%
AUSTRALIA CLOSED DOWN .77%
// EUROPEAN BOURSE: ALL RED
Trading from Europe and ASIA
I) EUROPEAN BOURSES: ALL RED
2/ CHINESE BOURSES / :Hang SENG CLOSED DOWN 360.73 PTS OR 2.03 %
/SHANGHAI CLOSED UP 5.18 PTS OR 0.17%
AUSTRALIA BOURSE CLOSED DOWN .77%
(Nikkei (Japan) CLOSED DOWN 62.56 PTS OR 0.16%
INDIA’S SENSEX IN THE RED
Gold very early morning trading: 2413.35
silver:$29.21
USA dollar index early FRIDAY morning: 104.01 UP 13 BASIS POINTS FROM THURSDAY’s CLOSE.
FRIDAY MORNING NUMBERS ENDS
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And now your closing FRIDAY NUMBERS 1: 30 AM
Portuguese 10 year bond yield: 3.062% UP 7 in basis point(s) yield
JAPANESE BOND YIELD: +1.045% UP 0 AND 4/ 100 BASIS POINTS /JAPAN losing control of its yield curve/
SPANISH 10 YR BOND YIELD: 3.230 UP 6 in basis points yield
ITALIAN 10 YR BOND YIELD 3.778 UP 9 points in basis points yield ./ THE ECB IS QE’ ING ITALIAN BONDS (BUYING ITALIAN BONDS/SELLING GERMAN BUNDS)
GERMAN 10 YR BOND YIELD: 2.4665 UP 6 BASIS PTS
END
IMPORTANT CURRENCY CLOSES FOR FRIDAY
Closing currency crosses for day /USA DOLLAR INDEX/USA 10 YR BOND YIELD/1:00 PM
Euro/USA 1.0878 DOWN 0.0022 OR 22 basis points
USA/Japan: 157.47 UP 0.298 OR YEN IS DOWN 30 BASIS PTS
Great Britain 10 YR RATE 4.1650 UP 8 BASIS POINTS //
Canadian dollar DOWN .0023 OR 23 BASIS pts to 1.3731
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The USA/Yuan, CNY ON SHORE CLOSED DOWN AT 7.2696 (ON SHORE)
THE USA/YUAN OFFSHORE: (YUAN CLOSED (DOWN)…. (7.2858)
TURKISH LIRA: 33.02 EXTREMELY DANGEROUS LEVEL/DEATH WATCH/HYPERINFLATION TO BEGIN.//ON DEATH WATCH
the 10 yr Japanese bond yield at +1.045…
Your closing 10 yr US bond yield UP 5 in basis points from THURSDAY at 4.239% //trading well ABOVE the resistance level of 2.27-2.32%)
USA 30 yr bond yield 4.4510 UP 6 in basis points /12.00 PM
USA 2 YR BOND YIELD: 4.509 UP 6 BASIS PTS.
GOLD AT 11;30 AM 2397.50
SILVER AT 11;30: 29.16
Your 12:00 AM bourses for Europe and the Dow along with the USA dollar index closing and interest rates: FRIDAY CLOSING TIME 12:00 PM//
London: CLOSED DOWN 49.17 PTS OR 0.60%
German Dax : CLOSED DOWN 182.83 PTS OR 1.00%
Paris CAC CLOSED DOWN 52,03 PTS OR 0.69 %
Spain IBEX CLOSED DOWN 60.00 OR 0.54%
Italian MIB: CLOSED DOWN 313,29 PTS OR 0.91% PTS
WTI Oil price 80.26 12EST/
Brent Oil: 82.66 12:00 EST
USA /RUSSIAN ROUBLE /// AT: 87.70ROUBLE UP 0 AND 68/100
GERMAN 10 YR BOND YIELD; +2.4665 UP 6 BASIS PTS.
UK 10 YR YIELD: 4.1650 UP 6 BASIS POINTS
CDN 10 YEAR RATE: 3.428 UP 5 BASIS PTS.
CLOSING NUMBERS: 4 PM
Euro vs USA 1.0881 DOWN 0.0020 OR 20 BASIS POINTS
British Pound: 1.2913 DOWN 0.0036 OR 36 basis pts
BRITISH 10 YR GILT BOND YIELD: 4.120 UP 6 BASIS PTS//
JAPAN 10 YR YIELD: 1.045
USA dollar vs Japanese Yen: 157.54 UP 0.334 YEN DOWN 33 BASIS PTS//
USA dollar vs Canadian dollar: 1.3729 UP 0.25//CDN dollar DOWN 25 BASIS PTS
West Texas intermediate oil: 80.27
Brent OIL: 82..68
USA 10 yr bond yield UP 5 BASIS pts to 4.241
USA 30 yr bond yield UP 5 BASIS PTS to 4.451%
USA 2 YR BOND: UP 4 PTS AT 4.507
CDN 10 YR RATE 3.428 UP 5 BASIS PTS
USA dollar index: 104.10 UP 22 BASIS POINTS
USA DOLLAR VS TURKISH LIRA: 33.02 GETTING QUITE CLOSE TO BLOWING UP/
USA DOLLAR VS RUSSIA//// ROUBLE: 87.70 UP 0 AND 68/100 roubles
GOLD 2,397.20 3:30 PM
SILVER: 29.18 3;30 PM
DOW JONES INDUSTRIAL AVERAGE: DOWN 377,59 PTS OR 0.93%
NASDAQ DOWN 182.47 PTS OR 0.93 %
VOLATILITY INDEX: 16.58 UP 0.65 PTS OR 4.40%
GLD: $221,73 DOWN 4.05 OR 1.79%
SLV/ $26.29 DOWN 0.51 OR 1.82%
end
USA AFFAIRS
TODAY’S TRADING IN GRAPH FORM:
Bitcoin & The Buck Bounce As Biden, Big-Tech, Bonds, & Black Gold Breakdown
BY TYLER DURDEN
FRIDAY, JUL 19, 2024 – 04:00 PM
A bounce back in macro this week (both ‘hard’ and ‘soft’ data better than expected)…
Source: Bloomberg
….stalled the ‘bad news is good news’ shift in rate-cut expectations…
Source: Bloomberg
The world’s largest IT outage today did nothing to help the week as CrowdStrike accidentally confirmed the reality of an ‘almost internet kill-switch’…
…leaving Nasdaq suffering its worst week since April (with MAG7 basket down around 4%). Small Caps and The Dow ended the week higher while S&P joined Nasdaq in the red…
The relative underperformance of Nasdaq vs Small Caps in the last two weeks is the largest since the reversal at the top of the dotcom bubble in 2001…
Source: Bloomberg
But bear in mind that this leaves Nasdaq only down a little in July while Russell 2000 remains up over 7%…
Source: Bloomberg
The cap-weighted S&P underperformed the equal-weight S&P by 250bps this week (the most since Nov 2020 – election/vaccines) and by 450bps in the last two weeks…
Source: Bloomberg
The Magnificent 7 stocks have lost $1.3 trillion in market cap since the peak on 7/10 – the biggest 7-day drop for that basket ever…
Source: Bloomberg
VIX had a big week, surging back above 16 – its biggest absolute weekly jump since March 2023 (SVB implosion)… but bond vol remains muted….
Source: Bloomberg
..and it wasn’t just VIX – skews all started to blow out this week…
Source: Bloomberg
…and implied correlation surged back off record lows…
Source: Bloomberg
Bonds were also sold alongside stocks, with Treasury yields ending the week up around 5bps across the whole curve…
Source: Bloomberg
Bitcoin rallied for the second straight week (its best week since March), back above $67,000 for the first time in six weeks …
Source: Bloomberg
…as ETF inflows strengthened…
Source: Bloomberg
Most notably, Bitcoin has decoupled from its strong correlation with tech overall in the last two weeks…
Source: Bloomberg
Ether was also bid, breaking out above $3500 for the first time in a month ahead of next week’s expected ETF launches…
Source: Bloomberg
Gains in gold earlier in the week were erased as the precious metal ended the week basically unchanged…
Source: Bloomberg
The dollar Index surged back to the highs of the week today and yesterday – ending the best week for the greenback since early June…
Source: Bloomberg
Dollar gains clubbed crude as WTI tumbled back to an $80 handle – the lowest in a month (from two-month highs)…
Source: Bloomberg
Finally, is it over?
Source: Bloomberg
Too soon?
It is for someone!!
END
MORNING TRADING/
AFTERNOON TRADING///
II USA DATA
…
III USA ECONOMIC COMMENTARIES
Federal appeals court blocks Biden’s student debt relief plan in its entirety
(zerohedge)
Federal Appeals Court Blocks Entirety Of Biden’s Student Debt Relief Plan
THURSDAY, JUL 18, 2024 – 04:55 PM
Hours after Joe Biden read that his administration will direct another $1.2 billion in debt forgiveness for 35,000 student borrowers, the federal 8th Circuit Court of Appeals just shut the whole thing down. In other words, taxpaying plumbers and electricians will no longer pay for debts voluntarily taken out by those who now can’t afford to pay them.
In a Thursday ruling, the Court granted a motion for an administrative stay filed by a group of Republican-led states which sought to invalidate the Biden administration’s entire student loan forgiveness program. The order prohibits the administration from implementing any aspect of the SAVE plan – much of which had already been blocked by lower court rulings.
Two separate legal challenges to Biden’s SAVE plan have worked their way through the courts. In June, federal judges in Kansas and Missouri issued separate rulings that blocked much of the administration’s plan to provide a faster path towards loan cancellation and reduce monthly income-based repayment from 10% to 5% of a borrower’s discretionary income. –AP
Today’s order from the 8th circuit blocks a ruling by the 10th Circuit Court of Appeals allowing the department to proceed with lowered monthly payments.
The Department of Education says it’s reviewing the ruling.
“Our Administration will continue to aggressively defend the SAVE Plan — which has been helping over 8 million borrowers access lower monthly payments, including 4.5 million borrowers who have had a zero dollar payment each month,” said the administration. “And, we won’t stop fighting against Republican elected officials’ efforts to raise costs on millions of their own constituents’ student loan payments.”
END
Biden near the end of his rope.
(zerohedge)
Biden Nomination Odds Collapse On Reports Of Imminent Withdrawal, Harris Reportedly Vetting Running Mates
THURSDAY, JUL 18, 2024 – 06:22 PM
Update (2000ET): Things are escalating quickly with reports now that Biden could leave the race as soon as tomorrow.
WaPo reports that Nancy Pelosi believes Biden can be convinced to drop out soon with Fox Business reporting that President Biden is expected to drop out as early as tomorrow...
BREAKING:
on Newsmax says President Joe Biden has already agreed to step down which can happen as early as this weekend. Halperin says the speech is already being drafted & Biden will reportedly *not* initially endorse Harris. The decision was made after Biden got high level pressure from Democrats like Schumer, Obama and Pelosi.
·
1M Views
Mark Halperin summed up his latest thoughts above in a post on X:
Multiples sources outline the apparent state of play on Biden at this time:
- Plans to announce withdrawal from nomination as early as this weekend, with Sunday most likely
- Jon Meacham polishing up remarks
- Biden with NOT resign the presidency
- Biden will NOT endorse Harris
- Open convention with Harris and about 3 others
- Super delegates will not be allowed to vote on 1st ballot
- Harris is vetting at least four possible running mates, including Andy Beshear and possibly Shapiro
Biden’s odds of getting the party nomination have now utterly collapsed, barely above those of Newsom as Kamala is the lead…
* * *
Update (1130ET): It appears the situation is escalating fast in Democratic Party central this morning.
Axios reports that President Biden may decide to drop out of the presidential race as soon as this weekend, according to several top Democrats who believe the rising pressure will persuade the incumbent.
The 81-year-old president, now self-isolating with COVID, remains publicly dug in.
But privately he’s resigned to mounting pressure, bad polls, and untenable scrutiny making it impossible to continue his campaign, the Democrats tell us.
Others are reporting similar narratives and timelines building…
BOMBSHELL from
+
: Top Dems now believe Biden will exit “Top Biden aides – including ones who initially urged him to fight on after the debate – are saying it’s now when, not if, Biden announces he’s not running.”
Behind the Curtain: Top Democrats now believe Biden will exit
x.com/JakeWilkns/status/1813943745676730691
Furthermore, WaPo reports that he who pulls the real strings has weighed in…
“Obama has told allies in recent days that President Biden’s path to victory has greatly diminished and he thinks the president needs to seriously consider the viability of his candidacy, according to multiple people briefed on his thinking.”
The news prompted a surge in the odds of VP Kamala Harris getting the Democratic Party nomination (and collapse in Biden’s odds)…
Source: Bloomberg
This comes after reports of yet more gaffes by the aging Biden as he read aloud a note passed to him by a staffer during a virtual call with Democratic caucuses:
A staffer gave the 81-year-old president a note card with tips as he attempted to persuade members of the Congressional Progressive Caucus on Saturday that he was fit to serve and able to defeat former President Donald Trump on Election Day, the New York Times reported.
“Stay positive, you are sounding defensive,” Biden said on the call, seemingly reading directly from his staffer’s short missive.
You can’t make this up anymore.
Visualization of Democrats right now…
Meanwhile, Democrats have a new slogan…
Democrats are now running with a new slogan: Make America Great Again. No, I’m not kidding.
·
1.3M Views
*https://x.com/EndWokeness/status/1813967965542592922 * *
end
Brandon Smith is always a good read.
(Brandon Smith)
Globalist “Guru” Claims Trump’s Re-Election Will Mean ‘The Death Of Global Order’
THURSDAY, JUL 18, 2024 – 11:10 PM
Authored by Brandon Smith via Alt-Market.us,
Yuval Harari is best known as a globalist “philosopher” or “guru” closely tied to the World Economic Forum. He is infamous for his Ted Talks and summit speeches declaring the coming abandonment of personal individualism and independence while elevating AI as the harbinger of a new technological religion. He joyously preaches about the fusion of AI technology with the human body to give certain elitist groups the power of “gods.” His notions of the supposedly infinite abilities of algorithms to influence culture and politics are so overblown they enter into the realm of children’s fantasy.
I mention Harari often in my work because I believe he is a kind of litmus test for the true intentions of globalists. He’s a lot like Henry Kissinger in his New World Order zealotry – He has a hard time keeping his mouth shut about the greater agenda and this works to our advantage. If you really want to know what the elites plans are, look up past discussions by true believers like Harari. When they start preaching their dark gospel they can barely control themselves.
Harari’s writings are replete with calls for digital authoritarianism and global government. I examined his power-obsessed philosphy and his moral relativism last year in my article ‘Governance By Artificial Intelligence: The Ultimate Unaccountable Tyranny.’
It’s important to understand that Harari’s ideology is common among the globalists and the only thing I can accurately describe it as is “Luciferianism” – A narcissistic belief system that claims CERTAIN human beings can become gods and should be worshiped as gods. Harari and many globalists seem to think AI is their ticket to godhood. I would compare them to the corrupt high priests of ancient cultures like the Aztecs who used their secret knowledge of mathematics and the movements of the planets to predict solar eclipses and terrify the peasants into compliance. AI is the new solar eclipse; the great serpent eating the sun.
Combine this corruption with elitist desires for a one-world government and you can see the incredible danger here.
In his book ‘From Animals into Gods: A Brief History of Humankind’ in a passage that has recently been removed from newer additions, Harari says this:
“As the twenty-first century unfolds, nationalism is fast losing ground. More and more people believe that all of humankind is the legitimate source of political authority, rather than the members of a particular nationality, and that safeguarding human rights and protecting the interests of the entire human species should be the guiding light of politics. If so, having close to 200 independent states is a hindrance rather than a help. Since Swedes, Indonesians and Nigerians deserve the same human rights, wouldn’t it be simpler for a single global government to safeguard them?”
(From Animals into Gods: A Brief History of Humankind (2012), p. 244
Keep in mind that when Harari talks about “human rights” he is referring to human desires. He has stated on numerous occasions that he believes freedom and individuality are fantasies, constructs of the mind with no importance in the real world. For globalists, “human rights” are special privileges used as leverage to buy popular compliance. They are a gift from government, not a gift from God.
In the past couple of years Harari has suddenly shifted his rhetoric and argues that global government is not the ideal. He also talks about AI as a danger that needs to be contained by bureaucracy rather than a deity that needs to be worshiped. I suspect this is because there has been a sea change in public awareness since 2012 and now he has to be more careful about how he talks in the media. I have been working within the Liberty Movement since 2006 and I can say with some authority that many MILLIONS more people are aware of the threats posed by globalism today compared to 2012. This puts the globalist agenda in peril.
With the failure of the pandemic lockdowns I think the power brokers have been left stunned. This was clearly their big play to get the global governance they have long lusted after and it fell apart. Attempting to induce mass fear over a virus that 99.8% of the population would easily survive did not work out well for them.
Everything was riding on medical tyranny: They thought they were going to get vaccine passports which would have given them total economic control of the populace. They thought they were going to introduce CBDCs (digital currencies) and create a cashless society. They thought they were going to leverage the covid lockdowns into perpetual “climate lockdowns.” They got nothing and their agenda was fully exposed. The patriot movement in the US has exploded in popularity in response and now they have millions more rebels to contend with in the future.
In response to their failure, many of the prominent names during the lockdowns have faded into the background.
- Klaus Schwab from the WEF was EVERYWHERE during covid; now he is gone.
- Anthony Fauci has slipped into obscurity.
- Authoritarian leaders like New Zealand’s Jacinda Ardern have stepped out of the political limelight. Where did they go?
I think they know what’s coming. I think they fear a populist backlash, a rising of torches and pitchforks, and they are going into hiding.
This is where we must address the issue of Donald Trump and how he is viewed by the globalists…
In light of the recent assassination attempt on Donald Trump I think it’s important to revisit the long running globalist narrative on the “world order” and Trump’s position as scapegoat for any and all calamities that befall it.
Their primary assertion is that any movement that values national interests over global centralization is an evil movement that must be suppressed or destroyed. This very rhetoric has permeated leftist political organizations (including Joe Biden’s administration) and the corporate media; it is being used as a justification for subterfuge and extreme violence against conservatives.
In an interview earlier this year, Harari suggested that the return of Donald Trump would mean the “death of the global order.” He then gaslights, claiming that there is no fight between nationalism and globalism and that the idea of a “globalist conspiracy” is entirely a fabrication of populist movements. These people truly expect us to forget the censorship and oppression they attempted during covid.
What I find most interesting is Harari’s take on the next few years, in which he offers what I would interpret as a thinly veiled threat. He argues that war is coming on an expansive scale unless nationalists (defenders of sovereignty) end their rebellion and return to “order” (the centralized control of the globalists). He ties this threat directly to Donald Trump.
The thing is, Trump is just a reflection of a larger movement against the globalist regime. Getting rid of Trump would change nothing. In fact, getting rid of Trump might make the populace commit to full bore revolution even faster. And, if it ultimately turns out that Trump doesn’t benefit the cause of freedom from the elites, that same revolution will eventually happen without him.
I have my own concerns about Trump, primarily what kinds of people he will place in his cabinet. But I have long said that above all else Trump is the most likely scapegoat for an international collapse that the GLOBALISTS CREATED. They set the stage for these crisis events by encouraging economic instability and geopolitical conflicts (Ukraine being one of many). I don’t see any globalists vying for legitimate peace. I do see them pushing to escalate various conflicts into WWIII.
The trick is, by blaming Trump they think that all conservatives and “nationalists” will be blamed by extension. It’s an obvious but somewhat clever ploy; by making conservatives into the villains behind a planetary catasrophe the elites can deflect suspicion while operating with impunity in the future.
Anyone who questions them can simply be labeled as “nationalist terrorists” as history is rewritten.
But is the “death of the global order” really a bad thing? I would say that it is only a negative if the globalists are left alive to continue to manipulate the chaos that follows. The real culprits behind war and economic collapse should be punished. They should be removed from power, imprisoned or done away with forever. Bottom line? The globalists need to go if real peace and order is ever to be established.
* * *
If you would like to support the work that Alt-Market does while also receiving content on advanced tactics for defeating the globalist agenda, subscribe to our exclusive newsletter The Wild Bunch Dispatch. Learn more about it HERE.
END
IIIB USA COMMENTARIES RE ISRAEL/HAMAS WAR/ and PERVASIVE ANTISEMITISM/WOKISM
iiiC USA COVID //VACCINE ISSUES/IMPORTANT MEDICAL ISSUES
end
END
FREIGHT ISSUES/USA/BOEING
END
VICTOR DAVIS HANSON OR NEWT GINGRICH/TUCKER CARLSON
VDH:
Can We Let The Voters Decide – Not The FBI, CIA, DOJ, Lawyers, Prosecutors, Or Judges?
THURSDAY, JUL 18, 2024 – 04:30 PM
Authored by Victor Davis Hanson via American Greatness,
When Donald Trump seemed to have a lock on the 2016 Republican primary, the Democratic Party concluded that the people could not be counted on to do the “right thing” of electing the Democratic candidate in waiting Hillary Clinton.
What followed were eight long years of extralegal efforts to neuter candidate, then President, then ex-President, and then candidate again, Donald Trump.
The nonstop efforts were all justified as “saving democracy”—albeit by nearly destroying it.
In 2015-2016, the Hillary Clinton campaign fueled the lie that discredited ex-British spy Christopher Steele had discovered Donald Trump to be a veritable Russian agent.
Hillary did not disclose that she had paid Steele—with checks hidden through three paywalls.
The FBI, under Director James Comey, also hired the fraudster.
Yet almost nothing in his “Steele dossier” was true.
The FBI doctored evidence submitted to a FISA court. Comey leaked to the press confidential documents about his private conversations with President Trump.
Comey’s successor, Acting FBI Director Andrew McCabe, lied on numerous occasions to federal investigators.
Both former CIA Director John Brennan and former Director of National Intelligence James Clapper repeatedly lied to the nation, saying that Trump was de facto working with the Russians.
The result?
Trump lost the 2016 popular vote but still won the Electoral College.
Next, celebrities and well-funded liberals waged a media campaign to convince the electors to become “faithless.” Left-wing elites begged them to renounce their constitutional duties and instead throw the election to Hillary Clinton.
Once Trump was elected, “Russian collusion” was fired up again in hysterical fashion.
A special counsel, Robert Mueller, consumed 22 months of the Trump presidency. His investigation team constantly leaked falsehoods about the “walls closing in on” Trump.
After nearly two years, Mueller announced there was no evidence of a Trump effort to collude with Russia.
Next was the first impeachment of Trump—nearly the moment he lost the House in 2018.
Supposedly, Trump had leveraged Ukraine to investigate a corrupt Hunter Biden by delaying foreign aid.
Trump was impeached on a strictly partisan vote.
But later, no one denied that the drug-addled Hunter Biden had indeed gotten rich from Ukraine, or that Joe Biden had fired a Ukrainian prosecutor looking into his son’s misadventures while still vice president, or that Trump released all the military assistance designated by Congress, or that he included offensive weapons formerly denied Ukraine by the Obama-Biden administration.
Next, in 2020, when Hunter’s laptop turned up abandoned at a repair shop and full of incriminating evidence of more Biden family skullduggery, the left struck again.
It rounded up “51 former intelligence authorities” to mislead the American people on the eve of the vote that the laptop was likely a fake—once again cooked up by Russian disinformation experts to aid Trump.
And once more, that was another complete falsehood. But the lie proved useful to Joe Biden in the debates and campaign. And he won the election.
Next, the learn-nothing, forget-nothing left turned to the 2023-2024 campaign.
This time, their next extra-legal efforts were twofold.
- One, they unsuccessfully sought to remove Trump from some 15 state ballots.
- Two, local, state, and federal courts began to wage lawfare to convict and jail candidate Trump, or at least bankrupt him and keep him off the campaign trail.
Three county and state prosecutors campaigned on getting Trump on charges never filed before against a presidential candidate—and rarely against anyone else as well.
The Fani Willis Georgia lead prosecutor met secretly with the Biden White House counsel.
Alvin Bragg’s Manhattan team hired the third-ranking federal prosecutor in the Biden Justice Department.
Special counsel Jack Smith was found by a court to have been illegally appointed and much of his case was dismissed.
On July 14, a shooter nearly killed candidate Trump, nicking his ear after somehow firing a rifle from a rooftop a mere 140 yards away—while undetected by law enforcement inside the very same building below.
Prior to the shooting, Joe Biden had boasted to donors that “it’s time to put Trump in a bullseye.”
Biden had railed nearly nonstop that a Trump victory would spell the end of democracy—a theme the left had fueled by comparing ad nauseam Trump to Adolf Hitler.
Yet here we are in mid-July 2024 and Donald Trump, the Republican candidate, is alive and leads incumbent Biden—either because of, or despite, the crude efforts to destroy him.
After nearly a decade of utter madness, can we finally order the FBI, DOJ, and CIA to butt out of our elections?
Can a bankrupt media cease whipping up hysterias about a supposed Nazi-like takeover?
Can the left stop relying on washed-up British spies, corrupt ex-spooks, and teams of clownish partisan prosecutors?
Instead, why not, at last, just let the people choose their own president?
END
NEWT GINGRICH
Providence And President Trump: Gingrich
THURSDAY, JUL 18, 2024 – 09:30 PM
Authored by Newt Gingrich via RealClearPolitics,
I have known President Donald Trump for 30 years. Callista and I consider him a dear friend. Watching him get shot at his rally in Butler, Pa. was stunning and horrifying.
President Trump’s reaction to being shot was immediately iconic. He stood up with blood running down his face, raised his fist, and said “fight, fight, fight,” and then “USA.” It was a tremendous vision of courage and power. It struck home all around the world. Within minutes images began to circulate on the internet tying President Trump’s courage to the courage of other historic figures and moments. There is even a Japanese anime about President Trump’s heroic reaction.
When it was clear the President was going to be alright, Callista and I were deeply relieved. For me, that emotion was then immediately replaced by fury. This assassination attempt was the result of the left’s nine-year effort to demonize our friend, President Trump. I had to take some time to get my emotions under control before going on Fox with Sean Hannity to talk about the event.
During that cooling off period, my old friend Ambassador Randy Evans called to say that his Pastor, Michael Youssef, had told him it was a providential event. President Trump had turned to look up at a big sign behind him. The shooter took aim at his head while he was looking to one side. When the President turned back to look at the audience the bullet missed his head by less than an inch and hit his ear.
If President Trump had not turned at exactly the right moment, he would have almost certainly been killed.
When I told Hannity that I really believed President Trump’s survival was providential, that term went around the world.
The concepts of divine intervention and providence have a long record in American history.
When young George Washington went west with Maj. Gen. Edward Braddock’s British army in the French and Indian War, they were ambushed on July 9, 1755. Braddock was wounded when the battle began. The Army began to panic and fall apart. Washington, then-23 years old, took control and rallied the British troops saving them from annihilation.
Washington wrote his brother, “by the All-powerful Dispensations of Providence, I have been protected beyond all human probability or expectation; for I had four Bullets through my Coat, and two Horses shot under me; yet escaped unhurt, altho[ugh] Death was leveling my Companions on every side of me.”
Washington’s belief in providence was further expressed in his farewell address to the troops after the success of the Revolutionary War: “The singular interpositions of Providence in our feeble condition were such, as could scarcely escape the attention of the most unobserving.”
When President Ronald Reagan met with Pope John Paul II to determine how to defeat the spread of communism, one of the unifying facts was that both had been shot in assassination attempts. Coming to grips with why God had spared them – and finding a common mission in defeating the Soviet Empire – were inextricably intertwined. Callista and I talked about this our documentaries “Ronald Reagan: Rendezvous with Destiny” and “Nine Days that Changed the World.”
President Trump now joins the list of historic figures who have been saved from almost certain death.
When President Trump came to the Republican National Convention, I could tell that he was already calmer, more deliberative, and grateful to be alive. There was a humility and gratitude in his attitude that showed the act of having been spared had a deep impact.
Virtually anyone who had been within a half-inch of being killed would have a deep and sobering reaction. “But for God, I would have been dead,” is a legitimate sentiment.
President Trump’s courage and determination after having been shot has created new level of affection – and a new intensity of support – among those who believe in him. He was always the champion of a movement rather than a traditional candidate. Now he has become a symbol of courage, defiance, and determination.
Neither America – nor President Trump – will ever be the same after Saturday’s nights assassination attempt.
We are on the edge of a new stage in American history.
The combined sense of gratitude, awe, and historic challenge make this convention different from any of the nine others I have attended.
The next few days will be remarkable.
For more commentary from Newt Gingrich, visit Gingrich360.com. Also, subscribe to the Newt’s World podcast.
END
“We Rise Together, Or Fall Apart” – ‘New’ Trump Blows Lid Off RNC With Unity Speech
BY TYLER DURDEN
FRIDAY, JUL 19, 2024 – 08:55 AM
Authored by Kevin Downey Jr via PJMedia.com,
Just days after a smelly, pimply-faced incel tried to put a bullet in his head, President Trump accepted the Republican nomination for president.
He was surrounded by family and faithful Republicans, eager to help him make America great again.
Tucker Carlson delivered a rousing, joyful unscripted speech about Trump’s actions following the assassination attempt in Bradford, Pennsylvania, exemplified the essence of leadership.
“A leader is the bravest man,” Mr. Carlson said to applause.
“That is true in all human organizations. This is a law of nature,” he added, crediting the president’s bravery with preventing a chaotic situation from spiraling further out of control and recognizing that “a leader’s duty is to his people.”
Hulk Hogan‘s speech made me want to take a hot-tub time machine back to April 19, 1775, and unload muskets at lobsterbacks at Lexington and Concord.
Eric Trump‘s speech dropped truth bombs all over the joint. But President Trump transcended everything with a speech he reportedly wrote himself, days after a narcissistic animal tried to upend American history.
I am told Trump had an edgy speech full of facts that Biden wouldn’t like but instead went with something more “unifying.”
I had no idea fellow Detroit hometown homeslice Kid Rock was going to be Trump’s hype-man.
Rock killed with a pro-Trump rap song that set the house on fire.
Kid Rock isn’t the first musician/rapper to back Trump. Amber Rose gave a speech at the convention earlier in the week. Then there are all these rappers in this article who have come out loud and proud for Trump:
Dana White had the pleasure and privilege of introducing President Trump, who took the microphone as Lee Greenwood sang “God Bless the U.S.A.” and the conventioneers chanted “U.S.A., U.S.A.!”
We Rise Together, or We Fall Apart
Trump took to the stage with a bandage covering the wound left by the would-be assassin’s bullet. He kicked off his mesmerizing speech by thanking the GOP for the nomination and promising to stand for all Americans, stating: “We rise together or we fall apart.”
Trump’s speech was unlike any of his others. It lacked the bombast and sarcasm of earlier speeches, which I find entertaining. Instead, it focused on unity.
Trump discussed the attempt on his life in Butler, Pa., on July 13, which Catherine wrote about here in more detail.
I’m not supposed to be here tonight. Not supposed to be here. Thank you, but I’m not, and I’ll tell you, I stand before you in this arena only by the grace of Almighty God watching.
He pensively described the attack that could have ended his life and altered American history forever.
Trump stated, “I’m not supposed to be here tonight,” and the crowd responded with, “Yes, you are. Yes, you are!” I can’t lie; I got a little weepy at that point. I can remain calm at funerals and Hallmark commercials, but for some reason patriotism makes me misty.
Trump commended his Bulter audience for not stampeding out in panic and praised their bravery under fire.
He paid homage to the patriotic firefighter Corey Comperatore, who was killed at the rally while shielding his family from the miscreant’s bullets, calling for a moment of silence for the slain husband and father of two daughters.
In the case of Corey and the other two, by the way, they were very, very seriously injured, but now they’re doing very well. They’re going to be okay. They’re warriors. So now I ask that we observe a moment of silence in honor of our friend, Corey.
Trump spent much of his time thanking his followers, the Secret Service, and his family, who have been dragged through a mud pile throughout Trump’s numerous Stalin-like trials.
Trump promised to secure the borders and return patriotism to our schools after we “rescue the nation.”
Trump declared he would close the border and make America prosperous again. He took minor jabs at the Biden administration while only naming him once.
If Democrats want to unify our country, they should drop these parties and witch hunts, which I have been going through for approximately eight years, and they should do that without delay and allow an election to proceed on this journey.
He gave hope to a nation that just saw him take a bullet and then stand up and pump his fist while yelling, “FIGHT, FIGHT, FIGHT!”
Trump gave what some would call a kinder, gentler speech while invigorating We the People to take our nation back on Election Day. He seemed to embrace humility. I imagine being millimeters away from an assassin’s bullet has that kind of an effect on a person.
Trump declared that illegal immigrants were stealing jobs from black and Hispanic communities. Someone yelled, “Blacks for Trump!” Trump responded with, “I like you too!”
Trump briefly mentioned the 2020 election and stated it would not happen again, an obvious reference to what some believe was a rigged election.
As Trump was winding down, he managed to score a few laughs, especially when joking about MS-13 and the chart that he “never really got to see,” referring to the moment the domestic terrorist tried to kill him as he looked at the now famous statistical chart displayed at the rally. He also killed with what is likely an ad-lib line about Hannibal Lecter.
In his closing moments, Trump promised to “drill baby, drill, and close the border.”
He vowed not to let killers into our country, referring to the growing list of rapists and murderers crossing the southern border, which Secretary of Homeland Security Alejandro Mayorkas claims is secure.
My favorite part was when Trump reminded the world how he scared a terrorist, allegedly by showing him a picture of his house and threatening to kill him if he hurt even one American.
Afghanistan, I spoke to the head of the Taliban.
You’ve heard this story. Abdul, still there.
Still the press got on me. “Why would you speak to him?”
I said, “because that’s who the killing is. I don’t have to speak to somebody that has nothing to do with it.”
And I told them, “Don’t ever do that. Don’t ever do that again. Don’t ever do that again,” because during the Obama administration, many great people and soldiers, a lot of soldiers, are being killed from long distance. I said, “if you keep doing that, you’re gonna be hit harder than anybody’s ever been hit by a country before.”
And he said, “I understand, your excellency.”..
I wonder if he calls the other guy “your excellency”?
Most inspiringly, Trump declared he would never let us down.
As expected, he ended his inspiring speech with, “We will make America great again” before thanking Wisconsin and various others.
I mentioned that President Trump can’t save America alone.
All real Americans must unite to fight the pinko toilet-dwellers until communism is nothing more than a stain on our boots.
As Lawrence Wilson concluded at The Epoch Times, The Grand Old Party was made new at this year’s national convention. It is no longer the party that Ronald Reagan energized with his Morning in America optimism, which reestablished America on the world stage after the war in Vietnam.
After eight years of a growing populist impulse, the Republican party is now definitively the party of Donald Trump, united around his vision of America First.
For four nights, a parade of current and former elected officials, ranchers, cops, and Gold Star moms have ascended the platform to laud the former president as the one person capable of uniting the country, defending the interests of ordinary Americans, and restoring America to greatness at home and abroad.
Notable former critics of former President Trump one by one pledged their support, including Florida Gov. Ron DeSantis, former U.N. Ambassador Nikki Haley, and Mike Pompeo, Secretary of State in the Trump administration.
Once-prominent GOP leaders who symbolized the pre-Trump party were conspicuously absent, including former Vice President Mike Pence, Utah Sen. Mitt Romney, and former House Speaker Paul Ryan, a Wisconsinite.
SWAMP NEWS
Secret Service Whistleblowers Emerge Following Trump Assassination Attempt
THURSDAY, JUL 18, 2024 – 08:15 PM
US Secret Service whistleblowers have approached the House Judiciary Committee, claiming that there were limited resources to cover former President Donald Trump last weekend due to the North Atlantic Treato Organization (NATO) summit in Washington DC, as well as first lady Jill Biden’s campaign rally in Pittsburgh, PA.
Chairman Jim Jordan has demanded answers FBI Director Christopher Wray, according to the Daily Caller.
“Whistleblowers have disclosed to the Committee that the USSS led two briefings regarding the July 13 campaign rally on July 8, 2024, with the Western Pennsylvania Fusion Center (WPFC) and other stakeholders, to discuss the upcoming, unrelated visits by President Trump and First Lady Dr. Jill Biden,” reads a Thursday letter from Jordan to Wray. “The USSS Special Agent in Charge Tim Burke reportedly told law enforcement partners that the USSS had limited resources that week because the agency was covering the North Atlantic Treaty Organization (NATO) summit in Washington, D.C. FBI personnel were present at those briefings. While the Committee recognizes that the FBI is one of many agencies represented in the WPFC, it is the lead federal investigative arm and a key source of intelligence on potential threats for special events in its area of responsibility,” he continued.
“The Committee has several unanswered questions about the failures that led to the attempted assassination of a president—the first in over forty years—as well as the FBI’s ability to conduct a rapid, transparent, and thorough investigation in the wake of its recent scandals. Accordingly, to ensure that the Committee can effectively evaluate these matters during your testimony on July 24, 2024.”
Jordan seeks the following information from Wray:
- How many agents, analysts, and support personnel has the FBI dedicated to the investigation?
- Was there coordination between the FBI, USSS, and the WPFC prior to President Trump’s event on July 13?
- How many buildings had to be secured inside and outside of the security perimeter for President Trump’s event on July 13?
- Why was the roof of the AGR International building left unsecured?
- How much time elapsed between identifying the shooter as a potential threat and the attempted assassination?
- How much time elapsed between the local police officer encountering the shooter on the sloped roof and the attempted assassination?
- Has the FBI interviewed the local police officer who encountered the shooter?
- What does the FBI’s evaluation of the shooter’s phone and digital activity show about his actions and movements in the days and hours leading up to the attempted assassination?
- Was the security posture at President Trump’s event limited due to resource constraints with the NATO Summit and/or First Lady Dr. Jill Biden’s event in Pittsburgh?
- Is the FBI’s investigation limited to the shooter and his motivations or does it include the security failures that led to the attempted assassination?
- How did communications breakdowns between various law enforcement entities affect the ability of local law enforcement and USSS to identify the shooter as a potential threat and mitigate the threat before he took action?
- What actions did the USSS take to remove or cover President Trump after a threat was known or detected?
Read the letter below:
(DAILY CALLER OBTAINED) — … by Henry Rodgers
END
check this out!! If she turns out to be an asst. FBI director, the FBI has some serious questions to answer to: in other words a sanctioned hit orchestrated by the FBI et al.
Mysterious Woman Behind Trump Taking Video as Shots Rang out, Identified: Allegedly Asst. FBI Director!
HAL TURNER NATION JULY 19, 2024 HITS: 9502
A mysterious woman, seated behind Donald Trump who calmly recorded video as shots rang out and Trump was hit, has been tentatively identified by Internet sleuths as allegedly being FBI Assistant Director Janeen DiGuiseppi.
Americans who have been analyzing every piece of video from the incident, first noticed this woman’s reaction (or lack of it) on the day of the shooting, as shown in the video below:
Later analysts detected she “smirked” as the shots were being fired, then continued to calmly take video.
If this is, in fact, an Assistant Director of the FBI, why didn’t she move to shield Trump?
How could she sit there so calmly taking video unless . . . . unless . . . . could it be she KNEW she wasn’t the target? Could she have known she wasn’t the one in danger?
The Internet sleuths have also created a sort of comparison set of photos:
NEXT ARTICLE: UPDATED 7:50 PM EDT — REPORTS FROM INSIDE WHITE HOUSE SAY . . .
KING REPORT
| he King Report July 19 2024 Issue 7287 | Independent View of the News |
| Newsmax’s Mark Halperin: “President Biden has agreed to step down as the Democratic nominee. It will happen as early as this weekend… A speech has been drafted for him. He will continue on as president. He also will not, I’m told, endorse Vice President [Kamala] Harris as his successor. They’re hoping that he will endorse an open process in which the convention will be open to Vice President Harris and a few other candidates in Chicago to pick the Democratic nominee for president.”… Halperin told “FRONTLINE” that among possible running mates for Harris are Kentucky Gov. Andy Beshear and Pennsylvania Gov. Josh Shapiro… other candidates to challenge Harris for the presidential nomination include California Gov. Gavin Newsom and Michigan Gov. Gretchen Whitmer. https://www.newsmax.com/politics/halperin-biden/2024/07/18/id/1173156/?s=03 CBS’s @costareports: Sources close to President Biden tell me tonight they’re *furious* that while the president is trying to recover from Covid in Rehoboth, a pressure campaign keeps picking up speed. Lots of anger toward some donors for talking of $ drying up if he doesn’t quit, toward what they see as muted support from Pres. Obama, and toward Dem leaders who one source says are “hiding” behind statements. If they want him out, they’ll have to push, source adds. Feels disrespected. Still, a fluid moment and no one has figured out an effective way to quiet this drift of nervous Democrats away from Biden and know many Dems want Biden to just break at some point soon. @charliekirk11: Biden campaign co-chair Cedric Richmond rebuts claims that Joe Biden is considering bowing out. Says it’s “absolutely false.” https://x.com/charliekirk11/status/1814105196433395855 GOP Sen. Marco Rubio asserted that if Biden withdraws from the race, he should resign the presidency. Dems and their media stooges are proffering that Joe must exit the race because HE CANNOT WIN; but he is an able and lucid president. PS – Rumors say Biden’s exit deal includes pardons for Hunter Biden. If this transpires, it will enrage voters at the margin. This is not politically smart. Open conventions can be exceedingly contentious & self-defeating – especially with whackos around. @EismanSteven: Let’s assume Biden drops out and through some kind of process, Vice President Harris gets the nod…. I think it might make it even worse for the Democrats…. No one really loves V.P. Harris. So even if she gets the nod, the process is going to be very ugly. Some will feel that all policies will be up for grabs. Anyone with a cause is going to descend upon the Democratic convention in Chicago… Far left/Pro-Palestinian protestors were going to march in Chicago. If Biden drops out they will march in far greater numbers as they try to influence the process. We will see this self-immolation in the form of burning the Israeli flag, burning the Stars and Stripes and protestors screaming death to Jews and death to America (or some version of that). The Squad will march with the protestors. It will be very ugly. The country will watch, and the country will be appalled. @ByronYork: Fox News @BretBaier has talked to Trump and has preview of tonight’s speech: ‘There will not be the use of one word in the speech, and that is the name ‘Biden.’ He will not say the name ‘Biden’ in the speech.’ @JaySekulow: President Trump’s strategy to remain mostly silent while observing the downward spiral of the radical Left is throwing off the media. https://t.co/8SJ4N9qf55 @dom_lucre: Joe Biden was spotted about to kiss another woman he appeared to have thought was his wife until Jill Biden stopped him. https://x.com/dom_lucre/status/1813992758153241012 The European Central Bank kept interest rates unchanged as expected but said September’s meeting was ‘wide open’ as it downgraded its view of the euro zone’s economic prospects and predicted that inflation would keep on falling https://t.co/w2xo02zAmF King Report yesterday: The problem in calling for a rebound is that sharp moves into the latter days of expiration can generate momentum selling as puts (or calls) go into the money and force professional traders to rapidly adjust hedges. Major US equity indices tumbled on Thursday due to downward pressure from expiring July puts that kept going into the money. Fangs traded higher until they broke down after 10:30 ET. After hitting a daily low after the 11:30 ET European close, the NY Fang+ Index rallied until it ticked a tad positive at 13:21 ET. Sellers returned; Fangs sank until a late manipulation pushed the NY Fang+ Index to unchanged at 15:49 ET. Late liquidation pushed the NY Fang+ Index to -43.844 for the session. ESUs traded moderately positive but sideways from the Nikkei opening until they broke down one hour after the 9:30 ET NYSE opening. ESUs sank until they hit a daily low of 5599.25 at 15:11 ET. The late manipulation pushed ESUs to 5605.00 at 15:45 ET. ESUs eased lower into the NYSE close. Netflix announces it will start phasing out its cheapest ad-free plan for existing US customers https://t.co/0Hl7JV1ESa Whistleblowers Break Silence: Staffing Shortages Because of NATO Summit, Jill Biden Event Put Trump at Risk – Here’s What Jordan Calls for in the Letter: https://dailycaller.com/2024/07/18/exclusive-whistleblowers-staffing-shortages-nato-summit-jill-biden-donald-trump/ Where were the PA State Police at DJT’s rally? Allegedly, the USSS allocated them to Jill. GOP Repo Michael Waltz (FL) told Fox’s Jesse Walter that FBI has discovered that Trump shooter Crooks had 3 encrypted overseas accounts. WOW!!!! GOP Sen. @BasedMikeLee: I have it on good authority that Trump’s security detail repeatedly asked Secret Service for more resources to protect Trump over the last two years. Those requests were repeatedly denied. Why? US appeals court blocks all of Biden’s SAVE student debt relief plan https://t.co/s91nuznsUS Positive aspects of previous session Bonds rallied 2/32 Commodities declined smartly; precious declined sharply Fangs declined modestly, showing relative strength Negative aspects of previous session The DJIA, DJTA, Nasdaq, and the S&P 500 Indices declined sharply Ambiguous aspects of previous session Will the expiry roulette ball fall on red or black today? First Hour/Last Hour Action [S&P 500 Index]: 1st Hour from NYSE Open: Down; Last Hour: Up Pivot Point for S&P 500 Index [above/below indicates daily trend to traders]: 5560.48 Previous session S&P 500 Index High/Low: 5614.05; 5522.81 Fed Balance Sheet: -$15.832B, US Treasuries -$14.543B; Reserves at Fed: -$10.552B https://www.federalreserve.gov/releases/h41/20240718/ July options expire today. Expiry days are generally a guess, but they are even more so when previous sessions have been volatile or had a strong trend (reversal danger). Today is a summer Friday; so, the markets will be thin and will thin out further as the session progresses. Today is a total crapshoot. NQUs are +56.50; ESUs are +9.; and USUs are -3/32 at 21:32 ET. NY Fed Pres Williams speaks at 10:40 ET. Expected earnings: AXP 3.25, TRV 2.11, SLB .83, HAL .80 S&P Index 50-day MA: 5403; 100-day MA: 5268; 150-day MA: 5128; 200-day MA: 4944 DJIA 50-day MA: 39,294; 100-day MA: 39.013; 150-day MA: 38,655; 200-day MA: 37,568 (Green is positive slope; Red is negative slope) S&P 500 Index (5544.59 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 negative – a close above 5695.07 triggers a buy signal Hourly: Trender and MACD are negative – a close above 5607.89 triggers a buy signal Fox’s @JacquiHeinrich (Wed night): From the WH, re: Biden’s conversations with Schumer & Jeffries expressing concerns he should withdraw: “The President told both leaders he is the nominee of the party, he plans to win, and looks forward to working with both of them to pass his 100 days agenda to help working families.” Biden read note with staffer’s critique aloud on call with Dems: ‘You are sounding defensive’ President Biden was handed a private note during a recent call with Democratic House lawmakers telling him to “stay positive” — and he read it out loud… “Stay positive, you are sounding defensive,” Biden said on the call, seemingly reading directly from his staffer’s short missive… https://nypost.com/2024/07/17/us-news/biden-read-note-from-staffer-aloud-on-call-with-progressive-dems/ @WesternLensman: Biden can’t remember Sec of Defense Lloyd Austin’s name – calls him “the black man.” https://x.com/WesternLensman/status/1813783065703116859 @justin_hart: OMG. Biden can’t even get into the car! https://x.com/justin_hart/status/1813787023033106804 Nancy Pelosi privately told Biden he can’t beat Trump in 2024 presidential race, would ruin Dems chances in House if he stays in: report https://trib.al/2d5aL5f Obama, per the WaPo, told his minions that Joe must go. BHO needs a new puppet. Biden once pitied elderly senator showing signs of Parkinson’s as a ‘poor son of a bitch’ not up to the job https://trib.al/4RWvIVD @MZHemingway: Embarrassingly, I assumed this was parody. But it’s real. Latest state media report is that Secret Service is more upset about criticism of its hiring programs focused on things other than merit than it is that it allowed an assassination attempt of President Trump on its watch. https://t.co/D7Z4EWdiVJ Secret Service says it’s appalled by DEI rhetoric against female agents after Trump rally shooting https://www.yahoo.com/news/secret-says-appalled-dei-rhetoric-030134758.html Trump rally shooter Thomas Crooks tracked ex-prez’s appearances for months: source (Still no motive!) https://t.co/ue8vDLK5bw MSNBC’s Joy Reid suggests Trump might not have been hit by a bullet at all, hints that the entire attack might be staged: https://t.co/w1IVFlNov6 @EndWokeness: MSNBC host: JD Vance wishing to join his family plot (6 generations) in Kentucky is WHITE MALE SUPREMACY https://x.com/EndWokeness/status/1813994420100079692 @Heminator: You don’t hate these people enough. Just spreading absolutely toxic and stupid ideas all the time. @wideawake_media: Video footage from 1963 shows Secret Service agents being given stand down orders moments before JFK was assassinated, causing them to become visibly perplexed. Coincidence or conspiracy? You decide. https://x.com/wideawake_media/status/1813556132079890629 Largest housing provider for migrant children engaged in pervasive sexual abuse, U.S. says https://apnews.com/article/migrant-children-provider-lawsuit-0bfd45735aa6d41a4233abe6059f0e1f @townhallcom: Democratic Congresswoman Joyce Beatty Declares ‘We’re Going to Make America Great Again!’ (Who’s going to tell her?) https://t.co/T2smem9iel 10 things you should know about Chicago crime today Chicago is the crime capital of the nation… The city tops the nation in youth crime… Black on Black crime has reached crisis levels… Police lack the resources and support needed to make arrests… Half the high-priority 911 calls have no officer available to respond… There has been an epidemic of hate crimes… https://www.illinoispolicy.org/illinois-lawmakers-turned-lobbyists-become-big-barrier-to-work/ Babylon Bee: Republicans Concerned It’s Going to Be Harder Than Usual to Blow This Election https://t.co/2s1GaO | |
GREG HUNTER
SEE YOU ON MONDAY
harveyorganblog.com 
