GOLD PRICE CLOSED DOWN $1.80 TO $2380.45

SILVER PRICE DOWN $0,11 TO $27.71

Gold ACCESS CLOSED $2383.35

Silver ACCESS CLOSED: $27.86

Bitcoin morning price:$69,803 UP 1887 DOLLARS. bankers doing a good job destroying the value of bitcoin

Bitcoin: afternoon price: $67,426 down 490

dollars//

Platinum price closing UP $16.10 TO $952,50

Palladium price; UP $4.50 AT $905.40

END

SHANGHAI GOLD PREMIUM 2 DOLLARS/COMEX GOLD//august to august

SHANGHAI GOLD (USD) FUTURES – QUOTES

Last Updated 29 Jul 2024 06:35:29 AM CT.

Market data is delayed by at least 10 minutes.

MONTH	LAST	CHANGE	PRIOR SETTLE	OPEN	HIGH	LOW	VOLUME	UPDATED
JUL 2024 SGUN4	–	–	2392.4	–	–	–	0	02:08:23 CT 29 Jul 2024
AUG 2024 SGUQ4	2419.3	+26.7 (+1.12%)	2392.6	2420.0	2420.0	2418.6	48	00:27:11 CT 29 Jul 2024
SEP 2024 SGUU4	–	–	2392.8	–	–	–	0	23:30:01 CT 28 Jul 2024
OCT 2024 SGUV4	2423.2	+9.9 (+0.41%)	2413.3	2422.4	2427.8	2420.8	635	02:20:05 CT 29 Jul 2024
DEC 2024 SGUZ4	–	–	2432.3	–	–	–	0	23:30:01 CT 28 Jul 2024
FEB 2025 SGUG5	–	–	2432.9	–	–	–	0	23:30:01 CT 28 Jul 2024
APR 2025 SGUJ5	–	–	2433.5	–	–	–	0	23:30:01 CT 28 Jul 2024
JUN 2025 SGUM5	–	–	2434.1	–	–	–	0	23:30:01 CT 28 Jul 2024

About this Report

*CANADIAN GOLD: $3301’90 UP 1.90 CDN dollars per oz( * NEW ALL TIME HIGH 3,375.67 CDN DOLLARS PER OZ//JULY 16 2024)

*BRITISH GOLD: 1,852.89 DOWN 1.05 Pounds per oz// *(NEW ALL TIME HIGH//CLOSING///1933.24 BRITISH POUNDS/OZ) APRIL 19/2024

*EURO GOLD: 2,202.25 UP 4.38 Euros per oz //* (ALL TIME CLOSING HIGH: 2.263.98 EUROS PER OZ//JULY 16//.2024)

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END

EXCH: COMEX

EXCHANGE: COMEX
CONTRACT: JULY 2024 COMEX 100 GOLD FUTURES
SETTLEMENT: 2,380.000000000 USD
INTENT DATE: 07/26/2024 DELIVERY DATE: 07/30/2024
FIRM ORG FIRM NAME ISSUED STOPPED

363 H WELLS FARGO SEC 57
624 H BOFA SECURITIES 40
657 C MORGAN STANLEY 4
661 C JP MORGAN 1
726 C PLUS500US FINAN 1
737 C ADVANTAGE 2 18
905 C ADM 10 5

TOTAL: 69 69
MONTH TO DATE: 3,751

JPMorgan stopped 1/69

GOLD: NUMBER OF NOTICES FILED FOR JUNE/2024. CONTRACT: 69 NOTICES FOR 6900 OZ or 0.2149 TONNES

total notices so far: 3751 contracts for 357100 Oz (11.667 tonnes)

FOR JULY:

SILVER NOTICES: 8 NOTICE(S) FILED FOR 0.040 million

OZ/

total number of notices filed so far this month : 6149 for 30.745 million oz

XXXXXXXXXXXXXXXXXX

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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 $1.80 INVESTORS SWITCHING TO SPROTT PHYSICAL (PHYS) INSTEAD OF THE FRAUDULENT GLD/ HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.98 TONNES OF GOLD OUT OF THE GLD/

/ /INVENTORY RESTS AT 843.17 TONNES

INVENTORY RESTS AT 843,17 TONNES

SLV/

WITH NO SILVER AROUND AND SILVER DOWN $0.11 AT THE SLV/WOW!! AGAIN???//HUGE HUGE MOVEMENTS

HUGE CHANGES IN SILVER INVENTORY AT THE SLV:A MASSIVE DEPOSIT OF 4.382 MILLION OZ OF SILVER VAPOUR INTO THE SLV

// INVENTORY RISES TO 461.052 MILLION OZ/

INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV.

CLOSING INVENTORY: 461.052 MILLION OZ

Let us have a look at the data for today

SILVER//OUTLINE

SILVER COMEX OI FELL BY A HUGE SIZED 1523 CONTRACTS TO 152,552 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 DESPITE OUR SMALL GAIN OF $0.07 IN SILVER PRICING AT THE COMEX ON FRIDAY’S TRADING ON SILVER. WE HAD HUGE LIQUIDATION WITH OUR HUGE NET GAIN OF 713 CONTRACTS ON OUR TWO EXCHANGES WE HAD A MASSIVE LIQUIDATION OF T.A.S. CONTRACTS WHICH ACCOUNTS FOR THE OI LOSS SIMILAR TO THE COMEX GOLD TRADING. WE, AGAIN HAD MAJOR SHORT COVERING BY OUR SPECS WITH THE SMALL GAIN IN PRICE AS WELL AS THE MASSIVE T.A.S. LIQUIDATION MENTIONED ABOVE WHICH ACCOUNTS FOR THE LOSS OF OI ON THE TWO EXCHANGES. WE HAD A MASSIVE SIZED 2236 EXCHANGE FOR PHYSICAL ISSUANCE AS WELL AS A STR0NG 524 CONTRACT 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 AND AGAIN YESTERDAY.

CRAIG HEMKE HAS POINTED OUT THAT THE CROOKS USE THE MID MONTH FOR MANIPULATION AS THEY SELL THEIR BUY SIDE OF THE CALENDAR SPREAD FIRST AND THEN KEEP THE SELL SIDE TO LIQUIDATE AT A LATER DATE. THUS WE HAVE TWO VEHICLES THE CROOKS USE FOR MANIPULATION AND BOTH ARE SPREADERS: 1) AT MONTH’S END/SPREADERS COMEX AND 2/ TAS SPREADERS, MID MONTH. TOTAL TAS ISSUED ON FRIDAY NIGHT: 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 UNSUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT ROSE BY $0.07) AND WERE UNSUCCESSFUL IN KNOCKING ANY SILVER LONGS FROM THEIR PERCH AS WE HAD A HUGE SIZED GAIN OF 713 CONTRACTS ON OUR TWO EXCHANGES.

WE MUST HAVE HAD:

A HUMONGOUS SIZED 2236 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 60,000 OZ

//NEW STANDING FOR SILVER//JUNE IS THUS 30.845 MILLION OZ

WE HAD:

/ HUGE SIZED COMEX OI LOSS //HUMONGOUS SIZED EFP ISSUANCE/ VI) HUGE SIZED NUMBER OF T.A.S. CONTRACT ISSUANCE 1528 CONTRACTS)/

I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL removed 271 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 20 DAYS, total 21,389 contracts: OR 106,945 MILLION OZ (1069 CONTRACTS PER DAY)

TOTAL EFP’S FOR THE MONTH SO FAR: 106.945 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: 106.875 MILLION OZ (WILL BE A STRONG ISSUANCE MONTH/ A TOUCH OVER 100 MILLION OZ/)

RESULT: WE HAD A HUGE SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 1523 CONTRACTS WITH OUR SMALL GAIN IN PRICE OF SILVER PRICING AT THE COMEX//FRIDAY.,. THE CME NOTIFIED US THAT WE HAD A HUMONGOUS EFP ISSUANCE CONTRACTS: 2236 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 35,000 OZ QUEUE JUMP

//NEW TOTAL STANDING FOR JULY 30.845 MILLION OZ

WE HAVE A HUGE SIZED LOSS OF 713 OI CONTRACTS ON THE TWO EXCHANGES DESPITE THE TINY GAIN IN PRICE. THE TOTAL OF TAS INITIATED CONTRACTS TODAY: A HUGE SIZED 528 CONTRACTS,//HUGE FRONT END OF THE TAS CONTRACTS WERE LIQUIDATED DURING THE FRIDAY COMEX TRADING WHICH ACCOUNTS FOR THE MAJOR PORTION OF THE COMEX OI LOSS/// MAJOR SHORT COVERING FROM OUR SPEC SHORTS AND MAJOR LIQUIDATION OF LONGS. ALSO SOME OF OUR LONGS EXERCISED THEIR RIGHT AND TENDERED FOR PHYSICAL SILVER.

THE NEW TAS ISSUANCE FRIDAY NIGHT (528) WILL BE PUT INTO “THE BANK” TO BE COLLUSIVELY USED AT A LATER DATE//AND MOST LIKELY TODAY., .

WE HAD 8 NOTICE(S) FILED TODAY FOR 0.040 million OZ

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

GOLD//OUTLINE

IN GOLD, THE COMEX OPEN INTEREST FELL BY A HUMONGOUS SIZED 17,411 OI CONTRACTS TO 520,689 AND FURTHER FROM THE RECORD (SET JAN 24/2020) AT 799,733 AND PREVIOUS TO THAT: (SET JAN 6/2020) AT 797,110, BUT WE ARE NOW MUCH FURTHER FROM OUR ALL TIME LOW OF 390,000 CONTRACTS.

THE DIFFERENTIAL FROM PRELIMINARY OI TO FINAL OI IN GOLD TODAY: REMOVED 1086 CONTRACTS

WE HAD A HUMONGOUS SIZED DECREASE IN COMEX OI (17,411 CONTRACTS) OCCURRED DESPITE OUR HUGE GAIN OF $27.35 IN PRICE/FRIDAY. THE FRBNY SUPPLIED THE NECESSARY SHORT PAPER. WE ALSO HAD A HUGE INITIAL STANDING IN GOLD TONNAGE FOR JUNE AT 7.5645 TONNES ON FIRST DAY NOTICE FOLLOWED BY TODAY’S 1700 OZ QUEUE JUMP

NEW STANDING 11.685 TONNES

/ ALL OF THIS HAPPENED DESPITE OUR $27.35 GAIN IN PRICE WITH RESPECT TO FRIDAY’S TRADING. WE HAD A HUMONGOUS SIZED LOSS OF 10,575 OI CONTRACTS (33,57 PAPER TONNES) ON OUR TWO EXCHANGES., WITH THOSE LONGS REMAINING, TOTALLY OBLIVIOUS TO THE RAID ORCHESTRATED BY THE STUPID BANKS. BANKERS REGROUPED ON THURSDAY NIGHT TO ORCHESTRATE OUR VICIOUS RAID. THEN CALMLY AT THE END OF THE TRADING SESSION, THOSE CENTRAL BANK LONGS TENDERED FOR PHYSICAL GOLD.

E.F.P. ISSUANCE

THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A HUGE SIZED 6836 CONTRACTS:

The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 537,014

IN ESSENCE WE HAVE A HUMONGOUS SIZED DECREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 10,575 CONTRACTS WITH 17,411 CONTRACTS DECREASED AT THE COMEX// AND A HUGE SIZED 6836 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI LOSS ON THE TWO EXCHANGES OF 10,575 CONTRACTS.. WE HAD THE FOLLOWING TAS CONTRACTS INITIATED (ISSUED): A VERY STRONG 2411 CONTRACTS,

CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES

WE HAD A HUGE SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (6836 CONTRACTS) ACCOMPANYING THE HUMONGOUS SIZED LOSS IN COMEX OI OF 17,411 CONTRACTS/TOTAL LOSS FOR OUR THE TWO EXCHANGES: 10,575 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 700 OZ QUEUE JUMP

//NEW STANDING /JULY 11.685 TONNES.

/ 3) HUGE T.A.S. LIQUIDATION//SPREADER CONTRACTS WITH HUGE NET LONG SPECS BEING CLIPPED,

4) HUGE SIZED COMEX OPEN INTEREST LOSS 5) HUGE ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER///VERY STRONG T.A.S. ISSUANCE: 2411 CONTRACTS WHICH WILL BE BADLY NEEDED IN THURSDAY’S RAID.

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: 103,081 CONTRACTS OF 10,308,100 OZ OR 320.625 TONNES IN 20 TRADING DAY(S) AND THUS AVERAGING: 5154 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 20 TRADING DAY(S) IN TONNES 320.625 TONNES

TOTAL ANNUAL GOLD PRODUCTION, 2023, THROUGHOUT THE WORLD EX CHINA EX RUSSIA: 3555 TONNES

THUS EFP TRANSFERS REPRESENTS 320.625 DIVIDED BY 3550 x 100% TONNES = 9.91% 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: 320.625 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 1523 CONTRACTS OI TO 152,552 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 2236 CONTRACTS

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

SEPT 2236 and ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 2236 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 1252 CONTRACTS AND ADD TO THE 1705 E.FP. ISSUED

WE OBTAIN A HUGE SIZED gain OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES OF 980 CONTRACTS

THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES TOTALS 3.565 MILLION OZ OCCURRED DESPITE OUR HUGE $.07 GAIN IN PRICE …THE MAJORITY OF THE OI LOSS WAS DUE TO SPREADER/T.A.S. LIQUIDATION ALONG WITH LONG 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//

MONDAY MORNING/SUNDAY NIGHT

SHANGHAI CLOSED UP 0.95 PTS OR 0.03% //Hang Seng CLOSED UP 217.03.24 PTS OR 1.07% // Nikkei CLOSED UP 801.22 OR 2.13%//Australia’s all ordinaries CLOSED UP 0.86%///Chinese yuan (ONSHORE) closed DOWN TO 7,2568 CHINESE YUAN OFFSHORE CLOSED DOWN TO 7.2702/ Oil UP TO 76,68dollars per barrel for WTI and BRENT DOWN AT 80.68 Stocks in Europe OPENED MOSTLY GREEN

ONSHORE YUAN TRADING ABOVE LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING WEAKER AGAINST US DOLLAR/OFFSHORE YUAN WEAKER

A)NORTH KOREA/SOUTH KOREA

outline

b) REPORT ON JAPAN/
OUTLINE

3 CHINA
OUTLINE

4/EUROPEAN AFFAIRS
OUTLINE

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
OUTLINE

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

7. OIL ISSUES
OUTLINE

8 EMERGING MARKET ISSUES
9. USA

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

GOLD

LET US BEGIN:

THE TOTAL COMEX GOLD OPEN INTEREST FELL BY A HUMONGOUS SIZED 17,411 CONTRACTS TO 519,603 DESPITE OUR HUGE GAIN IN PRICE OF $27.35 WITH RESPECT TO FRIDAY’S TRADING. WE LOST A HUGE NUMBER OF SPREADER/T.A.S. CONTRACTS WHICH ACCOUNTS FOR THE LOSS IN OI.

OUR LONDONERS BOUGHT MASSIVE QUANTITIES OF LONGS AND THEN TENDERED FOR PHYSICAL VIA THE EXCHANGE FOR PHYSICAL ROUTE. BECAUSE GOLD IS BASEL III COMPLIANT, GOLD MUST BE DELIVERED IN A VERY TIMELY T PLUS ONE DAY. CENTRAL BANKS AROUND THE WORLD, BEING REPRESENTED BY OUR LONDONERS, ARE THE REAL PURCHASERS OF THIS GOLD.

WE HAD A STRONG T.A.S. LIQUIDATION ON FRIDAY’S GAIN IN PRICE WITH ZERO LONGS BEING CLIPPED BUT WE DID HAVE MAJOR SHORT COVERING. THE PROBLEM FOR THOSE PROVIDING THE SHORT PAPER IS THE SHOCK TO THEM ON RECEIVING NOTICE THAT THE LONGS WANT THE PHYSICAL GOLD AS THEY TENDER FOR THAT SHINY YELLOW METAL.

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 6836 EFP CONTRACTS WERE ISSUED: : AUGUST 6836 & ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE: 6836 CONTRACTS.

ON A NET BASIS IN OPEN INTEREST WE LOST THE FOLLOWING TODAY ON OUR TWO EXCHANGES: A GIGANTIC SIZED TOTAL OF 10,575 CONTRACTS IN THAT 6836 LONGS WERE TRANSFERRED AS EXCHANGE FOR PHYSICALS TO LONDON AND WE HAD A GIGANTIC SIZED LOSS OF 17M411 COMEX CONTRACTS..AND THIS HUGE LOSS ON OUR TWO EXCHANGES HAPPENED DESPITE OUR GAIN IN PRICE OF $27,35/FRIDAY COMEX. THE EXCHANGE FOR PHYSICALS WILL BE USED BY CENTRAL BANKS, FRIDAY NIGHT TO EXERCISE FOR PHYSICAL GOLD.

AS PER OUR NEWBIE TRADE AT SETTLEMENT (TAS) MANIPULATION OPERATION (WHICH CRAIG HEMKE HAS POINTED OUT HAPPENS DURING MID MONTH IN THE DELIVERY CYCLE), THE CME REPORTS THAT THE TOTAL T.A.S. ISSUANCE FOR FRIDAY NIGHT A STRONG SIZED 6836 CONTRACTS. ALMOST ALL 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 LAST WEEK’S TRADING//RAIDS AS WELL AS THIS WEEK.

// WE HAVE A STRONG AMOUNT OF GOLD TONNAGE STANDING: JULY (11.677 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: 11.677 TONNES

THE SPECS/HFT WERE SUCCESSFUL IN LOWERING GOLD’S PRICE( IT FELL BY $27.35 //// AND WERE SOMEWHAT SUCCESSFUL IN KNOCKING OFF SOME SPECULATOR LONGS. CENTRAL BANK LONGS THAT REMAINED EXERCISED FOR PHYSICAL. WE HAD A HUGE T.A.S. LIQUIDATION FRIDAY NIGHT

WE HAVE LOST A TOTAL OI OF 33.57 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 700 OZ E.F.P. JUMP TO LONDON//NEW STANDING 11.677 TONNES

NEW STANDING FOR JULY: 11.677 TONNES

ALL OF THIS WAS ACCOMPLISHED WITH OUR GAIN IN PRICE TO THE TUNE OF $27.35

WE HAVE REMOVED 1086 CONTRACTS FROM THE COMEX TRADES TO OPEN INTEREST (CROOKS)//PRELIMINARY TO FINAL

NET LOSS ON THE TWO EXCHANGES 10,575 CONTRACTS OR 1,057,500 OZ (33.57

TONNES)

confirmed volume FRIDAY 254,417 contracts//fair

//speculators have left the gold arena

JULY 29 JULY GOLD CONTRACT

/ /// THE JULY 2024 GOLD CONTRACT

Gold	Ounces
Withdrawals from Dealers* Inventory in oz*	nil
Withdrawals from Customer* Inventory in oz*	nil .
Deposit to the Dealer* Inventory in oz*
Deposits to the Customer* Inventory, in oz*	NIL oz
No of oz served (contracts) today	69 notice(s) 6900 OZ 0.02146 TONNES
No of oz to be served (notices)	0 contracts 00 OZ 0.000 TONNES
Total monthly oz gold served (contracts) so far this month	3751 notices 375100 oz 11.677 TONNES
Total accumulative withdrawals of gold from the Dealers* inventory this month*	NIL oz
Total accumulative withdrawal of gold from the Customer* inventory this month*	x

0 dealer deposits:

total dealer deposits: nil oz

we have 0 customer deposits

total deposits NIL oz

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 69 contracts having LOST 14 contracts. We had 7 notices filed on FRIDAY so we LOST 7 contracts or an additional 700 oz will NOT stand at the comex (0.02177 tonnes) as these guys were ferried over to London where they took immediate delivery of gold on that side of the pond.

AUGUST LOST 29,843 CONTRACTS DOWN TO 67,783 CONTRACTS. WE HAVE 2 MORE READING DAYS BEFORE THE BIG FIRST DAY NOTICE ON JULY 31.

SEPT. GAINED 59 CONTRACTS TO STAND AT 1561.

OCTOBER GAINED 537 CONTRACTS UP TO 54,791 CONTRACTS

We had 69 contracts filed for today representing 6900 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 7 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 1 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 (3751) x 100 oz ) to which we add the difference between the open interest for the front month of JULY 69( CONTRACTS) minus the number of notices served upon today (69 x 100 oz per contract( equals 375,100 OZ OR 11.677 TONNES.

thus the INITIAL standings for gold for the JULY contract month: No of notices filed so far (3751 x 100 oz +we add the difference for front month of JULY (69 X// , OI} minus the number of notices served upon today (69) x 100 oz which equals 375,100 oz (11.677 TONNES)

TOTAL COMEX GOLD STANDING FOR JULY: 11.677 TONNES WHICH IS HUGE FOR THIS NOT VERY ACTIVE DELIVERY MONTH IN THE CALENDAR.

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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: 1,681,046.921 oz 52.28 tonnes

TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD: 17,964,341.02 OZ

TOTAL REGISTERED GOLD 8,224,416.752 ( 255.81 tonnes).

TOTAL OF ALL ELIGIBLE GOLD: 9,739,924.290 OZ

REGISTERED GOLD THAT CAN BE SERVED UPON: 6,543,370 oz (REG GOLD- PLEDGED GOLD)= 203.52 tonnes //

END

SILVER/COMEX

JULY 29/2024

INITIAL

//2024// THE JULY 2024 SILVER CONTRACT//INITIAL

Silver	Ounces
Withdrawals from Dealers* Inventory*	NIL oz
Withdrawals from Customer Inventory	1,249,866.775 OZ oz Delaware BRINKS .
Deposits to the Dealer* Inventory*
Deposits to the Customer Inventory	994.100 oz CNT
No of oz served today (contracts)	8 CONTRACT(S) (.040 million OZ)
No of oz to be served (notices)	20 contracts (0.010 million oz)
Total monthly oz silver served (contracts)	6149 Contracts (30.745 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 1 customer deposits:

i) into CNT 994.100 oz

total customer deposit 994.100 oz

JPMorgan has a total silver weight: 132.563million oz/302.212million or 43.70%

adjustment:0;

customer withdrawals: 2

i) Out of bRINKS 1200,190.000 oz

II) Out of Delaware 49,696.775 0z

total withdrawal: 1,249,866.775 0z

TOTAL REGISTERED SILVER: 68,410 MILLION OZ//.TOTAL REG + ELIGIBLE. 302.212 million oz

CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR JULY:

silver open interest data:

FRONT MONTH OF JULY/2024 OI: 28 CONTRACTS HAVING LOST 50 CONTRACT(S). WE HAD 62 NOTICES FILED ON FRIDAY SO WE GAINED 12 CONTRACTS OR AN ADDITIONAL 60,000 OZ WILL STAND AT THE COMEX

AUG, SAW A LOSS OF 79 CONTRACTS TO 1160

SEPT SAW A LOSS OF 2736 CONTRACTS TO 109,787

TOTAL NUMBER OF NOTICES FILED FOR TODAY: 8 for 0.040 MILLION oz

CONFIRMED volume; ON THURSDAY 67,485 strong

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 6149 x 5,000 oz = 30.745 MILLION oz

to which we add the difference between the open interest for the front month of JULY( x28) and the number of notices served upon today 8 x (5000 oz) equals the number of ounces standing.

Thus the standings for silver for the JULY/2024 contract month: 6149 notices served so far) x 5000 oz + OI for the front month of JULY (28)x number of notices served upon today minus (8)x 5000 oz of silver standing for the JULY contract month equates to 30.845 MILLION OZ.

New total standing: 30.845 million oz.

There are 69.377 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 29 WITH GOLD UP $27.35 ON THE DAY; HUGE CHANGES IN GOLD INVENTORY AT THE GLD// A WITHDRAWAL OF 1.98 TONNES OF GOLD OUT OF THE GLD/////INVENTORY RESTS AT 843.17 TONNES

JULY 26 WITH GOLD UP $27.35 ON THE DAY; HUGE CHANGES IN GOLD INVENTORY AT THE GLD// A DEPOSIT OF 3.45 TONNES OF GOLD INTO THE GLD/////INVENTORY RESTS AT 845.19 TONNES

JULY 25 WITH GOLD DOWN $60.45 ON THE DAY; NO CHANGES IN GOLD INVENTORY AT THE GLD// ///INVENTORY RESTS AT 841.74 TONNES

JULY 24 WITH GOLD UP $12.75 ON THE DAY; HUGE CHANGES IN GOLD INVENTORY AT THE GLD//A DEPOSIT OF 1,73 TOONNES OF GOLD INTO THE GLD ///INVENTORY RESTS AT 841.74 TONNES

JULY 23 WITH GOLD UP $12.75 ON THE DAY; NO CHANGES IN GOLD INVENTORY AT THE GLD// ///INVENTORY RESTS AT 840.01 TONNES

JULY 22 WITH GOLD DOWN $4.40 ON THE DAY; NO CHANGES IN GOLD INVENTORY AT THE GLD// ///INVENTORY RESTS AT 840.01 TONNES

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: 843.17 TONNES, TONIGHTS TOTAL

SILVER

JULY 29//WITH SILVER DOWN $0.07//HUGE CHANGES IN SILVER INVENTORY: A DEPOSIT OF 4.382 MILLION OZ OF SILVER VAPOUR INTO THE SLV/./// /INVENTORY RISES AT 461.052 MILLION OZ

JULY 26//WITH SILVER DOWN $0.07//NO CHANGES IN SILVER INVENTORY./// /INVENTORY REMAINS AT 456.670 MILLION OZ

JULY 25 WITH SILVER DOWN $1.37//HUGE CHANGES IN SILVER INVENTORY: A WITHDRAWAL OF 3.124 MILLION OZ OF SILVER OUT OF THE SLV./// /INVENTORY FALLS TO 456.670 MILLION OZ

JULY 24 WITH SILVER UP 3 CENTS//HUGE CHANGES IN SILVER INVENTORY: A DEPOSIT OF 15.880 MILLION OZ OF SILVER INTO THE SLV./// /INVENTORY RISES AT 439.780 MILLION OZ

JULY 23 WITH SILVER UP 3 CENTS//HUGE CHANGES IN SILVER INVENTORY: A DEPOSIT OF 15.880 MILLION OZ OF SILVER INTO THE SLV./// /INVENTORY RISES AT 439.780 MILLION OZ

JULY 22 WITH SILVER UP 2 CENTS//HUGE CHANGES IN SILVER INVENTORY: A DEPOSIT OF 3.920 MILLION OZ OF SILVER INTO THE SLV./// /INVENTORY RISES AT 439.780 MILLION OZ

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 461.052 MILLION OZ//

PHYSICAL GOLD/SILVER COMMENTARIES

1.PETER SCHIFF SCHIFF GOLD/MIKE MAHARRAY

2. ALASDAIR MACLEOD/JIM RICKARDS/PAM AND RUSS MARTENS/ JAMES RICKARDS/ VON GREYERZ//GOLD AND SILVER COMMENTARY

PAM AND RUSS MARTENS…

GET A LOAD OF THIS….

incentuous partners..


		Copyright 1999 – 2024 Le Metropole Cafe. All rights reserved.

end

3.CHRIS POWELL AND DAILY GOLD/SILVER DISPATCHES

Mike Maharrey: Support sound money by reviving gold clause contracts

Submitted by admin on Sun, 2024-07-28 11:47 Section: Daily Dispatches

By Mike Maharrey
Money Metals Exchange, Eagle, Idaho
Friday, July 26, 2024

One of the ways the government maintains its fiat money system is by throwing up legal and regulatory roadblocks to those wanting to use real money such as gold and silver. Reviving the use of gold clause contracts removes one of those barriers.

The principle behind a gold clause contract is simple. It requires that payment must be made in a specific amount of gold or its paper equivalent. For example, a mortgage might stipulate that repayment must be in the form of 30 ounces of gold.

Gold clauses protect the parties to a contract from currency debasement. …

… For the remainder of the analysis:

https://www.moneymetals.com/news/2024/07/26/support-sound-money-bring-back-gold-clause-contracts-003341

end

Six banks settle European bond price-fixing litigation in New York

Submitted by admin on Sat, 2024-07-27 18:20 Section: Daily Dispatches

By Jonathan Stempel
Reuters
Friday, July 26, 2024

NEW YORK — Six banks including Bank of America and Citigroup agreed to pay $80 million to settle antitrust litigation in New York accusing them of conspiring to rig prices of European government bonds.

A preliminary settlement with Bank of America, Citigroup, Jefferies, NatWest, Normura, and UBS was filed late Friday in Manhattan federal court and requires a judge’s approval.

Investors led by three public pension funds accused the banks of having colluded, including in online chat rooms, to bid high prices at bond auctions to ensure a dominant market share, and then to sell the bonds at inflated prices to mutual funds, pension funds, insurers, and other investors.

The alleged collusion occurred between 2007 and 2012. All six banks denied wrongdoing in agreeing to settle. …

… For the remainder of the report:

https://www.reuters.com/legal/six-banks-settle-european-bond-price-fixing-litigation-new-york-2024-07-26/

* * *

4. GOLD PODCASTS//LIVE FROM THE VAULT No 183 with Andrew Maguire and Craig Hemke

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

END

ASIA TRADING/MONDAY MORNING/FRIDAY NIGHT

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 MONDAY MORNING.7:30 AM

ONSHORE YUAN: CLOSED DOWN TO 7.2578

OFFSHORE YUAN: DOWN TO 7.2702

SHANGHAI CLOSED UP 0.05 PTS OR 0.03 %

HANG SENG CLOSED UP 217.03 PTS OR 1.07%

2. Nikkei closed UP 801.20 PTS OR 2.13%

3. Europe stocks SO FAR: ALL MOSTLY GREEN

USA dollar INDEX UP TO 104.26 EURO FALLS TO 1.0829 DOWN 23 BASIS PTS

3b Japan 10 YR bond yield: FALLS TO. +1,026 Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 154.71 JAPANESE YEN NOW RISING AS WE HAVE NOW REACHED THE END OF THE YEN CARRY TRADE

3c Nikkei now ABOVE 17,000

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

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

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

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

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

3h European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund YIELD DOWN TO +2.3520/Italian 10 Yr bond yield DOWN to 3.691 SPAIN 10 YR BOND YIELD DOWN TO 3.163%

3i Greek 10 year bond yield DOWN TO 3.353

3j Gold at $2387.20//Silver at: 28.02 1 am est) SILVER NEXT RESISTANCE LEVEL AT $34.40//AFTER 28.40

3k USA vs Russian rouble;// Russian rouble DOWN 1 AND 63/ 100 roubles/dollar; ROUBLE AT 86.61

3m oil into the 76 dollar handle for WTI and 80 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 153.75/ 10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 1.068% STILL ON CENTRAL BANK (JAPAN) INTERVENTION//YEN CARRY TRADE IS NOW UNWINDING.

30 SNB (Swiss National Bank) still intervening again in the markets driving down the FRANC. It is not working: USA/SF this 0.8848as the Swiss Franc is still rising against most currencies. Euro vs SF: 0.9582 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: 4.160 DOWN 4 BASIS PTS…

USA 30 YR BOND YIELD: 4.416 DOWN 4 BASIS PTS/

USA 2 YR BOND YIELD: 4.369 DOWN 2 BASIS PTS

USA DOLLAR VS TURKISH LIRA: 33.02…

10 YR UK BOND YIELD: 4.0620 DOWN 4 PTS

10 YR CANADA BOND YIELD: 3.299 DOWN 0 BASIS PTS

2a New York OPENING REPORT

2B EUROPEAN REPORT

Tepid tone emerged to the benefit of fixed and USD, earnings & Reeves ahead – Newsquawk US Market Open

MONDAY, JUL 29, 2024 – 06:04 AM

A positive start for European bourses, following the APAC handover, quickly shifted into a more mixed picture as the broader risk tone became increasingly tepid
USD now broadly firmer vs. peers after a sluggish start to the session, GBP and EUR underpressure while JPY pares initial strength
Fixed benchmarks benefit from the more tepid tone, EGBs, Gilts & USTs all at/probing recent highs
Crude came under pressure as the tone tilted and USD strengthened, XAU resilient to the USD and at a USD 2402/oz peak
Geopols in focus after escalatory rhetoric from numerous officials including Netanyahu and Erdogan over the weekend
Looking ahead, highlights include US Dallas Fed Manufacturing Business Index, Speech from UK Chancellor Reeves, & Earnings from McDonald’s.

As of 10:40BST/05:40ET

Click for the Newsquawk Week Ahead.

More Newsquawk in 3 steps:

1. Subscribe to the free premarket movers reports

2. Listen to this report in the market open podcast (available on Apple and Spotify)

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EUROPEAN TRADE

EQUITIES

A positive start for European bourses, following the APAC handover, quickly shifted into a more mixed picture as the broader risk tone became increasingly tepid; Euro Stoxx 50 U/C.
The sectoral configuration remains the same as at the open, but with more dropping out of the green and the strength of those still firmer has also waned; Energy and Utilities outperform while Personal Care & Drug names lag.
FTSE 100 outperforms given the weaker Pound, CAC 40 lags and has slipped under the 7.5k mark with the Luxury sector continuing to drift while the AEX remains firmer despite marked pressure in Heineken post-earnings as Phillips numbers offset.
Stateside, futures are in the green but off best levels; ES +0.3% & NQ +0.4%. Directionally in-fitting with the above and the overall tone is a tentative one as we approach numerous megacap earnings this week including Amazon, Apple & Microsoft.
Click for the sessions European pre-market equity newsflow
Click for the additional news
Click for a detailed summary

FX

USD now broadly firmer vs. peers after a sluggish start to the session; last week’s high of 104.55 has been tested but not surpassed thus far. Reminder, month-end flows are weak to neutral for USD demand.
EUR and GBP pressured with the week packed for both markets. EUR/USD down to a 1.0828 base which is in a 1.4bln 1.0825-35 OpEx band while Cable nears 1.28 to the downside as pricing for a BoE cut intensifies but before that a speech from Chancellor Reeves.
JPY gave back initial gains vs. the USD which saw the pair delve as low as 153.02. BoJ due on Wednesday, markets assigning a 41% chance of a 15bps hike.
Antipodeans under pressure but to varying degrees with AUD faring slightly better after managing to halt its nine-session slump on Friday, Kiwi now lower for the 8th consecutive session and nearing the 0.5852 YTD base.
PBoC set USD/CNY mid-point at 7.1316 vs exp. 7.2522 (prev. 7.1270).
Click for a detailed summary
Click for NY OpEx Details

FIXED INCOME

A firmer start to the session with benchmarks benefitting from the tepid risk tone into a week packed with central bank activity outside of the bloc.
Bunds at a 133.25 peak, surpassing the 133.21 high from June and bringing a virtual double-top at 133.70/71 from April into view.
Gilts bid as pricing for a BoE cut on Thursday continues to creep higher, up to a c. 60% chance at the time of writing; reside at the top end of 98.34-98.78 bounds and is beginning to work through a cluster of recent highs between 98.66-98.93 from 16th-19th July.
USTs are bid and approaching the July high of 111-15, within half a tick of the mark at best thus far. Session’s highlight is the Treasury Financing Estimate, ahead of Wednesday’s refunding which is expected to see coupon sizes maintained for a second consecutive quarter
Click for a detailed summary

COMMODITIES

Crude benchmarks under modest pressure after trimming APAC gains in the European morning in conjunction with a negative tilt in risk which also saw the Dollar index rise to session highs.
WTI Sep resides in a USD 76.85-77.69/bbl range at the time of writing, with its Brent counterpart within USD 80.87-74/bbl parameters.
Macro focus for the complex remains on geopols, after the escalation in rhetoric from Netanyahu and Erdogan. Reminder, this week also features the JMMC but no policy recommendation is expected to be put forward.
A slightly mixed picture for metals with spot gold firmer despite the mentioned USD strength and at highs of USD 2403/oz while base metals have come under pressure from the tone & USD, causing 3M LME Copper to test USD 9k/T to the downside.
Venezuelan President Maduro won a third term, according to the electoral authority. US Secretary of State Blinken said the US applauds the Venezuelan people for their participation in the election despite significant challenges and deep concerns about the process, while he added it is vitally important that every vote is counted fairly and transparently. Furthermore, he said the US calls for electoral authorities in Venezuela to publish detailed tabulation of votes to ensure transparency and accountability.
Iraq’s June oil exports averaged 3.4mln bpd, according to the Oil Ministry.
Ukraine said it struck an oil depot in Russia’s Kursk region.
JP Morgan expects silver to average USD 36/oz in 2025.
Click for a detailed summary

NOTABLE DATA RECAP

UK Mortgage Approvals (Jun) 59.976k vs. Exp. 60.4k (Prev. 59.991k, Rev. 60.134k); Lending (Jun) 2.653B GB vs. Exp. 1.2B GB (Prev. 1.212B GB, Rev. 1.26B GB)
UK M4 Money Supply (Jun) 0.5% (Prev. -0.1%)
Swedish GDP YY Prelim (Q2) 0.0% vs. Exp. 0.3% (Prev. 0.7%); QQ -0.8% vs. Exp. -0.4% (Prev. 0.7%)

NOTABLE EUROPEAN HEADLINES

UK Chancellor Reeves is to accuse the former Conservative government on Monday of committing to billions of pounds of spending that has not been properly budgeted for, according to Reuters. The Telegraph reports that Reeves will attempt to fill the “black hole” by selling off land and building sites, whilst also banning the use of non-essential consultants. CityAM notes that the Treasury has refused to deny rumours it is planning to hike capital gains tax today.
UK ports are to demand compensation if post-Brexit trade barriers with the EU are reduced after they were forced to spend millions of pounds building border-control facilities, according to FT.
Trade between the UK and Germany is starting to recover from the post-Brexit decline, according to FT citing official figures which showed that the UK was Germany’s ninth-largest trading partner during most of H1.

NOTABLE US HEADLINES

US President Biden plans to unveil a proposal on Monday for dramatically reforming the Supreme Court and is expected to push for a constitutional amendment limiting immunity for presidents and other officeholders, according to Politico.
Apple and IAM CORE union of retail workers reached a tentative labour agreement, while it was also reported that Apple Intelligence will miss the initial launch of the upcoming iOS 18 overhaul.

GEOPOLITICS

MIDDLE EAST

A dozen were killed including children and more were injured by a rocket that hit a football pitch in Golan, according to Israeli Channel 13.
Israeli PM Netanyahu said Hezbollah will pay heavily for the rocket attack that killed children, while the PM’s office later announced that the cabinet authorised the PM and Defence Minister to determine the type and response to the Hezbollah attack. It was also reported that Israel’s Foreign Minister said they are approaching the moment of an all-out war against Hezbollah and Lebanon.
Israeli military spokesperson said they are preparing a response against Hezbollah, while the Israeli military later said it struck Hezbollah targets deep inside Lebanese territory and in southern Lebanon.
Hezbollah announced it was on high alert and cleared some key sites in east and south Lebanon in case of possible Israeli escalation, according to two securities sources cited by Reuters.
US Secretary of State Blinken said every indication is that the rocket that hit Golan Heights was from Hezbollah and the US stands with Israel’s right to defend its citizens from terrorist attacks, while he added that a ceasefire in Gaza would be an opportunity to bring lasting calm to the blue line between Israel and Lebanon.
US asked Lebanon’s government to restrain Hezbollah, while Hezbollah asked the US to urge restraint from Israel, according to Lebanon’s Foreign Minister who warned a significant attack by Israel would lead to a regional war.
US is highly concerned that the Golan Heights attack could lead to an all-out war between Israel and Hezbollah, according to Axios. It was also reported that the White House said it has been in continuous contact with Israeli and Lebanese counterparts since the attack that killed a number of children playing football and it is working on a diplomatic solution that would end attacks on the Israeli-Lebanon border.
UN officials urged maximum restraint on the Lebanon-Israel front and warned exchanges of fire on the Lebanon-Israel border could engulf the region in catastrophe beyond belief.
Iran’s Foreign Ministry spokesperson warned Israel about any new ‘adventure’ in Lebanon regarding the Golan Heights incident. In other news, Iran’s Supreme Leader endorsed reformist Pezeshkianas president, according to FT.

OTHER

Russian President Putin said Russia took note of US and German plans to deploy long-range missiles in Germany and noted that important Russian facilities will be in range of those US systems, while he warned that Russia will take similar actions to deploy and will no longer adhere to its unilateral INF moratorium if the US goes ahead with such plans.
Russia’s Defence Ministry said its forces have taken two villages in Ukraine’s Donetsk region.
US State Department senior official said Secretary of State Blinken and Chinese Foreign Minister Wang Yi had an extended conversation about Taiwan and Blinken raised concerns over China’s recent provocative actions regarding Taiwan including the simulated blockade around Taiwanese President Lai’s inauguration. Blinken raised human rights issues including Tibet, Hong Kong and Taiwan, while they agreed to keep making progress on military-to-military ties.
US and Japan expressed concern Russia will undermine regional stability by giving North Korea WMD and missile technology, while they are concerned about the rapid expansion of China’s nuclear arsenal and will advance talks on a high-priority effort to expand co-production of defence equipment including air-to-air missiles and enhanced patriot air defence interceptors. Furthermore, the US reiterated its commitment to defend Japan with conventional and nuclear forces, while they condemned Russia’s procurement of North Korean weapons.
South Korean Foreign Minister Cho stressed the importance of freedom of navigation and flight in the South China Sea at the ASEAN meeting, while he added peace and stability in the Taiwan Strait are just as important as the South China Sea.
ASEAN communiqué said they strongly condemn violence against civilians in Myanmar and call for an immediate cessation, while they underlined the importance of a serious engagement and cessation of hostilities in Ukraine, as well as expressed concern over the dire humanitarian situation and alarming casualties in Gaza. Furthermore, they said North Korean missile tests are worrisome developments and urged UNSC resolution compliance, while they also affirmed the need to cease actions in the South China Sea that can complicate and escalate disputes.
Russian Foreign Minister Lavrov expressed concern over the US-South Korean nuclear operations plan, according to Yonhap.

CRYPTO

Bitcoin is firmer and probing the USD 70k mark after the pro-crypto remarks from US Republican nominee Trump at a Bitcoin Conference event on Saturday (see below).
US Republican presidential candidate Trump said he wants crypto to be mined and made in America, while he will create a strategic national Bitcoin stockpile if elected and it will be his policy to keep 100% of all Bitcoin the US holds in the future if he is elected.

APAC TRADE

APAC stocks traded mostly higher as the region resumed the momentum following last Friday’s gains on Wall St heading into a pivotal week of risk events, while markets also shrugged off the rising Israel-Hezbollah tensions.
ASX 200 was led higher by early outperformance in tech and telecoms, while all sectors traded in the green.
Nikkei 225 outperformed and gapped above 38,000 at the open as markets second-guessed whether the BoJ will hike rates.
Hang Seng and Shanghai Comp. were somewhat varied as the former conformed to the improved global risk sentiment, while the mainland index lagged after stalling just shy of the 2,900 level and failed to benefit from improved industrial profits.

NOTABLE ASIA-PAC HEADLINES

Italian Premier Meloni said Italy is to sign a three-year action plan with China to experiment with new forms of cooperation, according to ANSA.
China Evergrande. New Energy Vehicle said some creditors of two subsidiaries applied to the court for their bankruptcy reorganisation, while it said the matter has a major impact on the Co. and its units’ production and operating activities.
Japan’s Top Economic Council says the government and BoJ needs to guide policy with a “close eye” on recent JPY weakness. Adding, that the impact of a weak JPY and rising prices cannot be overlooked on household purchasing power.
BoJ sources suggest some policymakers believe rate increases would have positive effects on consumption as the major cause of weak spending is the JPY depreciation; other policymakers doubt how much a small rate hike could help the JPY recovery, via WSJ.

DATA RECAP

Chinese Industrial Profits YY (Jun) 3.6% (Prev. 0.7%)
Chinese Industrial Profits YTD YY (Jun) 3.5% (Prev. 3.4%)

2c asia report

Netanyahu rhetoric in focus, APAC trade continued the Wall St. momentum – Newsquawk Europe Market Open

MONDAY, JUL 29, 2024 – 01:34 AM

APAC stocks traded mostly higher as the region resumed the momentum following last Friday’s gains on Wall St.
Israeli PM Netanyahu said Hezbollah will pay heavily for a rocket attack that killed children in the Golan Heights.
European equity futures indicate a positive open with Euro Stoxx 50 futures up 0.5% after the cash market finished with gains of 1.1% on Friday.
DXY is softer but holding above the 104 mark, JPY is outmuscling the dollar in choppy trade ahead of this week’s BoJ meeting.
Looking ahead, highlights include Swedish GDP, Retail Sales, US Dallas Fed Manufacturing Business Index, Speech from UK Chancellor Reeves, Earnings from Poste Italiane, Pearson, Entain, Heineken, Philips & McDonald’s.

More Newsquawk in 3 steps:

1. Subscribe to the free premarket movers reports

2. Listen to this report in the market open podcast (available on Apple and Spotify)

3. Trial Newsquawk’s premium real-time audio news squawk box for 7 days

US TRADE

EQUITIES

US stocks finished higher on Friday and Treasuries were ultimately bid across the curve despite the initial two-way price action seen following the PCE data in which the headline readings matched estimates and the core figures were firmer-than-expected but did little to change the Fed narrative, while the attention turned to the upcoming pivotal week packed with major risk events.
SPX +1.1% at 5,459, NDX +1.0% at 19,024, DJIA +1.6% at 40,589, RUT +1.7% at 2,260
Click here for a detailed summary.

NOTABLE HEADLINES

US President Biden plans to unveil a proposal on Monday for dramatically reforming the Supreme Court and is expected to push for a constitutional amendment limiting immunity for presidents and other officeholders, according to Politico.
Apple and IAM CORE union of retail workers reached a tentative labour agreement, while it was also reported that Apple Intelligence will miss the initial launch of the upcoming iOS 18 overhaul.

APAC TRADE

EQUITIES

APAC stocks traded mostly higher as the region resumed the momentum following last Friday’s gains on Wall St heading into a pivotal week of risk events, while markets also shrugged off the rising Israel-Hezbollah tensions.
ASX 200 was led higher by early outperformance in tech and telecoms, while all sectors traded in the green.
Nikkei 225 outperformed and gapped above 38,000 at the open as markets second-guessed whether the BoJ will hike rates.
Hang Seng and Shanghai Comp. were somewhat varied as the former conformed to the improved global risk sentiment, while the mainland index lagged after stalling just shy of the 2,900 level and failed to benefit from improved industrial profits.
US equity futures (ES +0.4%, NQ +0.7%) built on recent gains and retested Friday’s best levels in a catalyst-light start to a risk-packed week.
European equity futures indicate a positive open with Euro Stoxx 50 futures up 0.5% after the cash market finished with gains of 1.1% on Friday.

FX

DXY weakened after losing ground to its major peers including a firmer yen although it remains above the 104.00 level as participants await the looming major global risk events.
EUR/USD eked slight gains in quiet trade with the single currency lacking notable drivers.
GBP/USD nurses some of last week’s losses ahead of comments from Chancellor Reeves who will reveal the state of the UK’s finances which is seen to pave the way for spending cuts and tax increases.
USD/JPY swung between gains and losses as market participants brace for the BoJ’s upcoming key announcement.
Antipodeans kept afloat owing to the constructive mood but with gains capped amid a light calendar and weaker CNY fix.
PBoC set USD/CNY mid-point at 7.1316 vs exp. 7.2522 (prev. 7.1270).

FIXED INCOME

10-year UST futures were higher in a resumption of Friday’s upward momentum following recent data releases and amid softer yields, while participants await the FOMC announcement mid-week and a slew of data culminating with NFP on Friday.
Bund futures held on to recent spoils in uneventful trade amid light pertinent catalysts.
10-year JGB futures climbed back above the 143.00 level ahead of the BoJ’s pivotal 2-day meeting which concludes on Wednesday where the central bank will unveil its taper plans and decide whether to hike rates, while the BoJ were also present in the market today for over JPY 1.1tln of JGBs.

COMMODITIES

Crude futures failed to sustain the early momentum from the heightened Israel-Hezbollah tensions.
Venezuelan President Maduro won a third term, according to the electoral authority. US Secretary of State Blinken said the US applauds the Venezuelan people for their participation in the election despite significant challenges and deep concerns about the process, while he added it is vitally important that every vote is counted fairly and transparently. Furthermore, he said the US calls for electoral authorities in Venezuela to publish detailed tabulation of votes to ensure transparency and accountability.
Iraq’s June oil exports averaged 3.4mln bpd, according to the Oil Ministry.
Ukraine said it struck an oil depot in Russia’s Kursk region.
Spot gold advanced at the open to test the psychological USD 2,400/oz level where it met resistance and gave back a majority of its gains ahead of major central bank policy announcements and this week’s key data releases.
Copper futures kept afloat but with upside capped as geopolitical risks lingered and the major risk events loom.

CRYPTO

Bitcoin gained overnight and climbed back above USD 69,000 amid the mostly positive risk environment.
US Republican presidential candidate Trump said he wants crypto to be mined and made in America, while he will create a strategic national Bitcoin stockpile if elected and it will be his policy to keep 100% of all Bitcoin the US holds in the future if he is elected.

NOTABLE ASIA-PAC HEADLINES

Italian Premier Meloni said Italy is to sign a three-year action plan with China to experiment with new forms of cooperation, according to ANSA.
China Evergrande New Energy Vehicle said some creditors of two subsidiaries applied to the court for their bankruptcy reorganisation, while it said the matter has a major impact on the Co. and its units’ production and operating activities.

DATA RECAP

Chinese Industrial Profits YY (Jun) 3.6% (Prev. 0.7%)
Chinese Industrial Profits YTD YY (Jun) 3.5% (Prev. 3.4%)

GEOPOLITICAL

MIDDLE EAST

A dozen were killed including children and more were injured by a rocket that hit a football pitch in Golan, according to Israeli Channel 13.
Israeli PM Netanyahu said Hezbollah will pay heavily for the rocket attack that killed children, while the PM’s office later announced that the cabinet authorised the PM and Defence Minister to determine the type and response to the Hezbollah attack. It was also reported that Israel’s Foreign Minister said they are approaching the moment of an all-out war against Hezbollah and Lebanon.
Israeli military spokesperson said they are preparing a response against Hezbollah, while the Israeli military later said it struck Hezbollah targets deep inside Lebanese territory and in southern Lebanon.
Hezbollah announced it was on high alert and cleared some key sites in east and south Lebanon in case of possible Israeli escalation, according to two securities sources cited by Reuters.
US Secretary of State Blinken said every indication is that the rocket that hit Golan Heights was from Hezbollah and the US stands with Israel’s right to defend its citizens from terrorist attacks, while he added that a ceasefire in Gaza would be an opportunity to bring lasting calm to the blue line between Israel and Lebanon.
US asked Lebanon’s government to restrain Hezbollah, while Hezbollah asked the US to urge restraint from Israel, according to Lebanon’s Foreign Minister who warned a significant attack by Israel would lead to a regional war.
US is highly concerned that the Golan Heights attack could lead to an all-out war between Israel and Hezbollah, according to Axios. It was also reported that the White House said it has been in continuous contact with Israeli and Lebanese counterparts since the attack that killed a number of children playing football and it is working on a diplomatic solution that would end attacks on the Israeli-Lebanon border.
UN officials urged maximum restraint on the Lebanon-Israel front and warned exchanges of fire on the Lebanon-Israel border could engulf the region in catastrophe beyond belief.
Iran’s Foreign Ministry spokesperson warned Israel about any new ‘adventure’ in Lebanon regarding the Golan Heights incident. In other news, Iran’s Supreme Leader endorsed reformist Pezeshkianas president, according to FT.

OTHER

Russian President Putin said Russia took note of US and German plans to deploy long-range missiles in Germany and noted that important Russian facilities will be in range of those US systems, while he warned that Russia will take similar actions to deploy and will no longer adhere to its unilateral INF moratorium if the US goes ahead with such plans.
Russia’s Defence Ministry said its forces have taken two villages in Ukraine’s Donetsk region.
US State Department senior official said Secretary of State Blinken and Chinese Foreign Minister Wang Yi had an extended conversation about Taiwan and Blinken raised concerns over China’s recent provocative actions regarding Taiwan including the simulated blockade around Taiwanese President Lai’s inauguration. Blinken raised human rights issues including Tibet, Hong Kong and Taiwan, while they agreed to keep making progress on military-to-military ties.
US and Japan expressed concern Russia will undermine regional stability by giving North Korea WMD and missile technology, while they are concerned about the rapid expansion of China’s nuclear arsenal and will advance talks on a high-priority effort to expand co-production of defence equipment including air-to-air missiles and enhanced patriot air defence interceptors. Furthermore, the US reiterated its commitment to defend Japan with conventional and nuclear forces, while they condemned Russia’s procurement of North Korean weapons.
South Korean Foreign Minister Cho stressed the importance of freedom of navigation and flight in the South China Sea at the ASEAN meeting, while he added peace and stability in the Taiwan Strait are just as important as the South China Sea.
ASEAN communiqué said they strongly condemn violence against civilians in Myanmar and call for an immediate cessation, while they underlined the importance of a serious engagement and cessation of hostilities in Ukraine, as well as expressed concern over the dire humanitarian situation and alarming casualties in Gaza. Furthermore, they said North Korean missile tests are worrisome developments and urged UNSC resolution compliance, while they also affirmed the need to cease actions in the South China Sea that can complicate and escalate disputes.
Russian Foreign Minister Lavrov expressed concern over the US-South Korean nuclear operations plan, according to Yonhap.

EU/UK

NOTABLE HEADLINES

UK Chancellor Reeves is to accuse the former Conservative government on Monday of committing to billions of pounds of spending that has not been properly budgeted for, according to Reuters. The Telegraph reports that Reeves will attempt to fill the “black hole” by selling off land and building sites, whilst also banning the use of non-essential consultants. CityAM notes that the Treasury has refused to deny rumours it is planning to hike capital gains tax today.
UK ports are to demand compensation if post-Brexit trade barriers with the EU are reduced after they were forced to spend millions of pounds building border-control facilities, according to FT.
Trade between the UK and Germany is starting to recover from the post-Brexit decline, according to FT citing official figures which showed that the UK was Germany’s ninth-largest trading partner during most of H1.
ECB’s Schnabel said on Friday that services inflation is showing that the last mile in the inflation fight is especially difficult, according to Faz. Schnabel also said some data was not quite in line with the projections and that a first cut doesn’t automatically lead to a series.

2C) JAPAN

JAPAN

3 CHINA

CHINA/

end

4.EUROPEAN AFFAIRS//UK /SCANDINAVIAN AFFAIRS

ITALY/SYRIA

ROBERT H

Italy Becomes First G-7 Country To Restore Ties With Assad | ZeroHedge

This is both a fascinating and enlightened move by Italy.

“Why? The sands of the Middle East are changing very quickly and are not understood by the vast majority of people, partially due to the fact that change is not being written about. Countries like Saudi Arabia have already put their foot into the BRICS while maintaining relationships with the West. Turkey is looking at becoming part of the SCO and will likely rethink its NATO participation as it turns to the what is called the Global South.

Italy has long understood due to past history the need to have relationships with many nations for trade as times change. And it is apparent, they now realize the need to have feet in more than one camp. This move will boost future trade with the Middle East and the Global South through time. Time when trade within the G7 is under downward pressure. Some parties already have stated that America has entered a recession that will likely last through 2028.

But increasingly these same powers are admitting that sanctions have only served to starve and compound the suffering for the common populace, and have in no way actually weakened the government’s grip on the country.>

https://www.zerohedge.com/geopolitical/italy-becomes-first-g-7-country-restore-ties-assad

Italy Becomes First G-7 Country To Restore Ties With Assad

In a huge development, Italy has broken with its G-7 partners and become the first to restore full diplomatic relations with Syria.

President Bashar al-Assad and his government have long been under US and EU sanctions, having been accused of human rights abuses and war crimes by the West, which funded a decade-long jihadist insurgency in a failed attempt to topple the Syrian leader.

“Foreign Minister Antonio Tajani, speaking in front of relevant parliamentary committees Thursday, announced Rome’s intention to re-establish diplomatic ties with Syria to prevent Russia from monopolizing diplomatic efforts in the Middle Eastern country,” Associated Press reports.

Italy has not had an ambassador in residence in Damascus in over a decade, like other Western countries. Again, this makes Italy under Prime Minister Giorgia Meloni the first Group of Seven nation to formally return to the Syrian capital.

Its diplomatic staff initially withdrew from the embassy in Damascus in 2012. It suspended all relations in protest against the Assad government. But lately Italy has been among EU nations to have a change of heart, urging the bloc to reengage and take a more proactive stance on Syria. At this point a total of six EU embassies are active in Damascus.

Some Gulf countries, most notably the UAE and more recently Saudi Arabia, have also restored relations and returned their ambassadors.

Washington has meanwhile under multiple administrations tried to lobby foreign allies to stay the course in isolating Damascus and keeping up the sanctions, despite an occasional Iranian oil tanker offloading to Syria’s Mediterranean ports.

But the tide appears to be turning as a number of European countries, many in the EU and NATO, are increasingly acknowledging that Assad is ‘here to stay’ and thus they must work with Syria instead of warring against it.

A recent report in Israel’s YNet News says “Foreign ministers from Italy, Cyprus, Slovenia, Slovakia, Austria, the Czech Republic, Greece and Croatia have drafted a position paper calling for a change in the European Union’s approach to Syria, namely lifting sanctions and renewing diplomatic ties with the regime of President Bashar al-Assad.”

“Italian Foreign Minister Antonio Tajani and his counterparts argue that the EU’s humanitarian aid policy has failed,” the report underscored.

BREAKING: Italy restores diplomatic ties with Syria

Italy became the first G7 nation to restore diplomatic ties with Syria on July 26, appointing Stefano Ravagnan as their new ambassador and ending a 12-year diplomatic break. pic.twitter.com/ZPdGTZgV5j— Mega Geopolitics (@MegaGeopolitics) July 27, 2024

We explained earlier that longtime critics of the West’s drive for regime change have pointed out the years-long contradiction in policy: the EU allowed arms and ammo to be shipped into Syria (into the hands of anti-Assad jihadist insurgents), all while hand-wringing about the humanitarian and migrant crisis that resulted.

end

FRANCE

second sabotage

Second Sabotage? French Internet Fiber Cables Severed, Causing Widespread Disruptions

MONDAY, JUL 29, 2024 – 08:20 AM

France has experienced the second sabotage of critical infrastructure in just a few days.

Outage tracking website Netblocks confirmed on X, “Network data show disruptions to multiple internet providers in France amid reports of a fibre sabotage campaign targeting telecoms infrastructure during the Paris 2024 Olympics.”

Bloomberg reports that fiber lines operated by the telecommunications company SFR were cut during the overnight hours. Internet traffic in the southern and eastern regions of the country was disrupted and has since been rerouted.

@zoneadsl_panne

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In a separate incident on Friday, far-left extremists paralyzed France’s high-speed train network before the Olympic Games opening ceremony (folks weren’t missing much from the ‘Woke Olympics‘).

On Monday, French Interior Minister Gérald Darmanin confirmed that far-left extremists carried out the attack on the nation’s train network.

Will French President Emmanuel Macron condemn ultra-left activists for destroying critical infrastructure? When will it be time to label these acts as terrorism?

end

The gloves are coming off re: Obama and Macron!

(zerohedge)

Rebel Archbishop Slams Olympics’ “Vile Attacks On God” – Says Macron, Obama Married To Trans Men

MONDAY, JUL 29, 2024 – 11:20 AM

As we noted on Sunday, French bishops were outraged at the Olympics’ opening ceremony over its blatant mockery of Christianity – in which transgender men and a child reenacted Leonardo da Vinci’s “The Last Supper” – along with many other sexualized scenes that included a man with his testicles exposed and hanging out of his outfit. The display has led to worldwide outrage, including several corporate sponsors ditching the Olympics.

At the center of this scene was rotund French DJ ‘Barbara Butch,’ a Jewish lesbian who at bragged on social media about mocking Christianity, only to delete the post after controversy erupted.

The Olympics apologized for the ceremony, insisting “There was never an intention to show disrespect to a religious group” with the scene created by artistic director Thomas Jolly – also of Jewish descent, who notably excluded a depiction of, say, Mohammad and his young bride at the table.

Needless to say, Christians are pissed…

…including Italian Archbishop Carlo Maria Viganò – the former papal nuncio to the United States who questioned the legitimacy of Pope Francis and the authority of the Second Vatican Council, and was excommunicated three weeks ago for “his refusal to recognize and submit to the Supreme Pontiff.”

In a scathing rebuke of the Olympics, Viganò called the opening ceremony “the latest in a long series of vile attacks on God, the Catholic Religion and natural Morality by the antichristic elite holds that hostage Western countries.“

“We a dystopian dance macabre in Holograms of the horsemen of the Apocalypse alternated with a plump blue Dionysius, served under a bell of various courses; the parody of the LGBTQ+ Last Supper…” the letter continues.

Viganò also pointed to “disconcerting scenes at the 2012 London Olympics, the 2016 of inauguration of the Gotthard Tunnel, and the 2022 Commonwealth Games, featuring infernal figures, goats, and terrifying animals.“

The elite who organizes these ceremonies demand not only the right to blasphemy and the obscene display of the foulest vices, but even their mute acceptance by Catholics and decent people, who are forced to suffer the outrage the most sacred symbols of their Faith and the very foundations of the Natural Law desecrated. -Carlo Maria Viganò

According to Viganò, “Satan makes nothing: only he ruins everything. He does not invent: he tampers. And his followers are no different: they humiliate woman’s femininity in order to erase the motherhood that recalls the Virgin Mother; they castrate man’s manhood in order to tear from the image of God’s fatherhood; they corrupt the little ones in order to kill in them and make them victims of the most abject wokeism.”

Viganò says it’s “no coincidence” that the ceremonies were presided over by French President Emanuel Macron, an ’emissary of the World Economic Forum,’ who ‘passes off a transvestite as his own wife with impunity, just as Barack Obama is accompanied by a muscular man in a wig.’

Overton window intensifies?

Even the governments of Egypt and Iran were offended…

Iran has summoned France’s ambassador for the blasphemous representation of Christ’s Last Supper at the Olympics opening. Follow: @AFpost

9:49 PM · Jul 28, 2024

33.5K Views

5/RUSSIAN AND MIDDLE EASTERN AFFAIRS

ISRAEL / USA

TRUMP tells Netanyahu that world war iii is likely if he loses in November

(zerohege)

Trump Tells Netanyahu A ‘Third World War’ Is Likely If He Loses In November

FRIDAY, JUL 26, 2024 – 09:05 PM

Former President Trump met with Israeli Prime Minister Benjamin Netanyahu at his Mar-a-Lago estate in Florida on Friday, just after the Israeli leader met with President Biden and VP Harris.

Trump claimed in the context of the meeting that a major war in the Middle East – and even possibly a “third world war” – will break out if he doesn’t win the election. He’s long been running as the candidate who will deescalate global hotspots that Washington is too deeply embedded in.

“If we win, it’ll be very simple. It’s all going to work out and very quickly,” Trump told reporters just before the meeting’s start.

“If we don’t, you’re going to end up with major wars in the Middle East and maybe a third world war. You are closer to a third world war right now than at any time since the second world war. You’ve never been so close, because we have incompetent people running our country,” he said.

Likely he had in mind the Russia-Ukraine war, and the Israel-Hamas conflict, given he has made similar comments of these flashpoints in the past. However, he’s never put it so bluntly as to say world war three could result if he loses.

He also reflected on controversy left in the wake of Netanyahu’s meeting with VP Harris. The Israeli leader was reportedly upset with Harris’ post-meeting statement, where she said she would “not be silent” at the mounting civilian Palestinian casualties and suffering.

“Harris’ statement after the meeting was much more critical than what she told Netanyahu in the meeting,” one Israeli official told Axios. According to more, “The Israeli official also said Netanyahu was unhappy with the fact that Harris criticized Israel publicly for the humanitarian crisis in Gaza and for killing civilians, especially at the current timing amid the hostage deal negotiations.”

Trump said going into the meeting with Netanyahu that Harris’ remarks on the Gaza war were “disrespectful”. Referencing Harris and the Biden administration, and Democrats broadly, Trump said “They weren’t very nice pertaining to Israel. I actually don’t know how a person who is Jewish could vote for her, but that’s up to them.”

Trump also said something a bit unusual pertaining to Iran and the possibility of a future US war on Tehran…

Uh, what?

1:54 PM · Jul 26, 2024

48.8K Views

Uh, what? pic.twitter.com/JIz1HIpnpt
— Michael Tracey (@mtracey) July 26, 2024

289

He said in social media statement that Iran must be wiped out if it ever carries out an assassination against a future President Trump.

The comment appeared in follow-up to Netanyahu’s fiery Wednesday speech before Congress. The prime minister focused a lot of the talk on Iran, and described that it remains behind “all the terrorism” and “all the killing”. He then asserted that the Islamic Republic “brazenly threatened to assassinate President Trump.”

end

ISRAEL HAMAS/USA

end

ISRAEL/HAMAS/USA/

ISRAEL/HEZBOLLAH

This is awful: An Iranian missile fired from Hezbollah kills 14 children in a Druze town in Northern Israel. I have visited this town and everybody here were delightful and very talented in the arts, sports, culinary etc,

(Jerusalem Post)

On a quiet Saturday evening in Majdal Shams, a Druze town in northern Israel, children were playing soccer at their local field.

It was a scene of joy and innocence, a moment of normalcy in an area subject to Hezbollah’s ongoing aggression.

Suddenly, this peaceful scene was shattered by a devastating attack.

At 18:18, the Hezbollah terror organization launched an Iranian Falaq-1 rocket with a 53 kg warhead from southern Lebanon.

The rocket directly hit the soccer field, turning it from a place of play into a site of tragedy.

Twelve innocent children were killed upon impact.

Over 30 others were injured, some critically.

The entire Druze community, along with the rest of Israel, was plunged into mourning.

Our thoughts are with the families of the victims and the entire Druze community.

In the immediate aftermath, Hezbollah claimed responsibility for the attack on their Telegram channel. However, they soon retracted their statement, denying any involvement. This attempt to deceive the world and evade responsibility was quickly exposed by IDF intelligence.

We confirmed that Hezbollah was indeed behind this heinous attack. The rocket was launched from north of Cheeba in southern Lebanon, directed by Hezbollah’s regional commander, Ali Muhammad Yahya.

There is no doubt about it: Hezbollah attacked and killed innocent children.

This attack is part of a broader pattern of aggression by Hezbollah. Since October 8th, the terror organization has been launching rockets, missiles, and UAVs at northern Israel. Over 6,400 projectiles have been fired, forcing 60,000 residents of northern Israel to evacuate their homes. These attacks are not random; they deliberately target families, homes, and communities, in blatant violation of international law.

In the wake of this tragedy, the IDF has been conducting ongoing situational assessments and preparing for an appropriate response. The Chief of the General Staff, LTG Herzi Halevi, alongside additional senior commanders, visited Majdal Shams to meet with the local community and offer support. He made it clear that:

“Our duty is to return the residents of the north safely to their homes, in the entire north, the Galilee and the Golan Heights.”

The true face of Hezbollah has been exposed once again – a face of terror that attacks the most innocent among us.

The IDF remains committed to ensuring the safety of all Israeli citizens. The resilience and unity of the Israeli people, especially the Druze community, will not be broken by acts of terror. We will continue to stand strong, defend our borders, and strive for a future where our children can play in peace.

We stand united in our grief and in our resolve to ensure such tragedies never happen again.

11 of the 12 Israeli children murdered by Hezbollah:
Millar Maadad al-Shaar, 10
Alma Ayman Fakhr al-Din, 11
Naji Taher Halabi, 11
Yazan Naif Abu Salah, 12
Izil Nashat Ayoub, 12
Finis Adham Safadi, 12
John Wadie Ibrahim, 13
Hazem Akram Abu Salah, 15
Fajr Laith Abu Salah, 16
Amir Rabi Abu Salah, 16
Nazem Fakher Saeb

end

if Hezbollah moves precision missiles into place,, then Israel will nuke Lebanon and put it back into stone age.

(zerohedge)

Hezbollah Moves Precision Missiles Into Place After Israel Says ‘Severe’ Retaliation Coming

MONDAY, JUL 29, 2024 – 12:00 PM

“Our response is coming, and it will be severe,” Israeli Prime Minister Netanyahu announced Monday while visiting the scene of a Lebanese rocket strike on a soccer field in the town of Majdal Shams in the occupied Golan Heights which killed 12 children and teenagers the day prior.

The rocket came from Lebanon and has been widely blamed on Hezbollah, however, the group denied responsibility soon after the mass civilian casualties became evident. Interestingly, Syria blamed an Israeli anti-air rocket for the catastrophe. The Israeli prime minister and his defense minister, Yoav Gallant, have received formal authorization from an emergency security cabinet session Sunday night to retaliate in a way of their choosing against Hezbollah.

Israeli media has on Monday said that Hezbollah has begun moving around its precision-guided missiles while bracing for an imminent major response. Israeli ministers are still signaling it will remain ‘limited’ though other sources have warned that all-out war in Lebanon is coming.

But in southern Lebanon, preparations appear underway:

An official with a Lebanese group told The Associated Press on Monday that Hezbollah’s stance has not changed, and that the Iran-backed organization does not want a full-blown war with Israel, but that if war breaks out it will fight without limits.

The official, who spoke on condition of anonymity to discuss sensitive activities, said Hezbollah since Sunday has started moving some of its “smart precision-guided missiles” to use if needed.

It has been ten months of consistent tit-for-tat rocket and drone fire along Israel’s northern border going back to Oct.7, but so far each side has waged a ‘limited’ war which has not spread to the rest of Lebanon.

That could very quickly change as the Netanyahu government is under pressure from Israeli members of parliament to strike a significant military blow, also as over 80,000 Israeli citizens still remain evacuated from their homes, with no restoration of a stable security situation in sight.

Netanyahu said of the victims of the Majdal Shams attack while visiting the scene, “These children are our children, the children of all of us. Israel will not and cannot let this pass and carry on as usual. Our response is coming, and it will be severe.”

The village is made up of Druze who consider themselves Syrian citizens and reject Israeli domination; however, Israel considers the settlements their own citizens.

Trump has meanwhile claimed that this escalation spiral wouldn’t be happening if he were in office as Commander-in-Chief…

Opinion//Jerusalem Post

Hezbollah, Lebanon or Iran: Who should bear the brunt of Israel’s response? – analysis

The choices – diplomacy or waging war against Hezbollah, Lebanon, or Iran – are not mutually exclusive.

By HERB KEINONJULY 28, 2024 21:00Updated: JULY 28, 2024 21:06

IDF reveals that the Iranian 'Falaq-1" rocket which was fired at Majdal Shams by Hezbollah. (photo credit: IDF SPOKESPERSON'S UNIT) — IDF reveals that the Iranian ‘Falaq-1″ rocket which was fired at Majdal Shams by Hezbollah.(photo credit: IDF SPOKESPERSON’S UNIT)

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The Falaq-1 rocket that killed 12 children and injured dozens in Majdal Shams on Saturday was made in Iran and fired by Hezbollah from Lebanese territory.There are, therefore, three legitimate targets for Israel to retaliate against: Iran, Hezbollah, and Lebanon. The question before Israel’s decision-makers is which is the better option? Which has the better chance of ensuring that this is something that does not happen again?Some will argue that there is a fourth option: diplomacy.According to this reasoning, Israel now has international legitimacy to retaliate strongly in light of Saturday’s attacks. The world, however, is warning against an escalation that could trigger a regional war. The Americans don’t want it, the Europeans don’t want it, and even the moderate Arab states don’t want it.To prevent it, according to this argument, now is the perfect time for Israel to condition restraint on getting the world to step in and implement UN Security Council Resolution 1701.

THE UNITED NATIONS Security Council holds a regular meeting on the situation in the Middle East, focusing on Israel in relation to the Palestinians. (credit: BRENDAN MCDERMID/REUTERS)

That resolution put an end to the Second Lebanon War in 2006 and, among its numerous clauses, called for a demilitarized zone from Israel’s border to the Litani River, the disarmament of Hezbollah, and the prevention of shipping arms into Lebanon except with the Lebanese government’s consent.Is this a long shot? Extremely so. Yet, it is not one that Israel has totally abandoned. Indeed, the Foreign Ministry released a statement on Sunday indicating that it still holds out some slight hope that this might transpire.“The only way that the world can prevent a full-scale war, which would be devastating, also to Lebanon, is by forcing Hezbollah to implement Security Council Resolution 1701. Now is the very last minute to do so diplomatically,” the statement read.That the Foreign Ministry released this statement even as Prime Minister Benjamin Netanyahu was rushing home from the United States to convene a Security Cabinet meeting on the matter, and as Defense Minister Yoav Gallant and Chief of Staff Lt.-Gen. Herzi Halevi were threatening, once again, to pound Hezbollah, indicating that despite what happened in Majdal Shams on Saturday, the idea that the untenable situation in the North can be solved without a full-out war was still an option. A very slim option, but one nonetheless: Take advantage of the world’s concern about a massive Israeli response to get the world to take action to disarm and remove Hezbollah from Israel’s northern border.In the strong likelihood that this does not happen, then the question arises: Whom should Israel go to war against?

Who should Israel go to war against?

The most obvious option is Hezbollah.Hezbollah is firing missiles and rockets at Israel and has been doing so incessantly since October 8. Israel’s response has been to go after the sources of the fire and more – including pinpoint hits on some of the organization’s top leaders. It has killed at least 381 Hezbollah terrorists – at least that is how many Hezbollah admits have been killed – and nearly 70 terrorists from other organizations, including Hamas.Israel has also attacked Hezbollah’s infrastructure in southern Lebanon, something that has emptied many of the villages of their residents.Yet Hezbollah has not been deterred and continues to fire into Israel. Israel can strike a much harder blow against the organization, including in Beirut. But Hezbollah would still be able to replenish its lost manpower from its strongholds in Lebanon and replenish its arms from Iran.Furthermore, Hezbollah, like Hamas, uses human shields without compunction. This means that the international legitimacy that Israel now has for striking at Hezbollah as a result of the Majdal Shams atrocity would likely evaporate as soon as the television cameras begin broadcasting images of Lebanese civilians killed by Israel in the crossfire.In addition, with a missile arsenal that would make a small NATO nation proud, Hezbollah would undoubtedly respond by attacking Israeli infrastructure and the home front. A war with Hezbollah would likely not be conclusive and end up in another ceasefire, which the organization would – as it did the last time – undoubtedly violate.The second option is to fight Lebanon, not Hezbollah, meaning destroying the country’s infrastructure.Hezbollah operates from Lebanese territory and is a part of the Lebanese government. Some argue that it makes no sense only to target Hezbollah and let Lebanon off scot-free. Hezbollah has justified its presence in Lebanon for years as being the country’s protector, but if – instead of protecting the country – the Lebanese themselves see it as the cause of the country’s destruction, then the terrorist organization might very well lose the legitimacy and support inside Lebanon that ultimately enables it to operate.According to this argument, Hezbollah cares about its standing among the Lebanese population, so if Israel badly hits Lebanese infrastructure – and if large swaths of Beirut are destroyed – then the wrath in Lebanon will be turned on Hezbollah. While Hezbollah might be willing to sacrifice Lebanon to its Iranian paymasters, the Lebanese themselves are apparently less enamored of that notion.The Iranian foreign ministry, on Sunday, warned Israel against any military “adventures” in Lebanon, saying this could lead to “the broadening of the scope of instability, insecurity, and war in the region.”In other words, Iran was warning Israel that if the Jewish state takes strong action, then Iran will get involved. If that is the case, why not take the fight to Iran itself – the third option?Hezbollah is a wholly run subsidiary of Iran and does its bidding. As then-education minister Naftali Bennett articulated already in 2017, the Iranians have developed a brilliant game plan whereby they can use their proxies to attack Israel – Hezbollah, Hamas, the Houthis, and Iraqi militias – yet remain immune themselves. When Hamas strikes, Israel goes after Hamas. Last Saturday, Israel showed that when the Houthis hit long enough and kill someone in Tel Aviv, Israel will lash out at the Houthis. And when Hezbollah hits, Israel strikes back at Hezbollah.It doesn’t, except in rare instances, strike back against Iran. Or, as Bennett put it, Iran has immunity. In his words, Iran is the head of the octopus that has its tentacles surrounding Israel; and Israel fights the tentacles but – for the most part – leaves the head alone. The third option about whom to hit in response to the Majdal Shams massacre is to strike Iran.If Iran’s foreign ministry hints that Israel will face action by the Islamic Republic if it retaliates forcefully against Hezbollah, then why not strike directly at Iran – if they are going to hit Israel anyway if strong action is taken against Hezbollah – and forego the middleman?The reason not to do so is to avoid a wider Middle East war. But such a war – given Iran’s genocidal designs – may be inevitable. Perhaps the only way to prevent it is to already make it clear to Iran that it is very much not worth its while.The choices – diplomacy or waging war against Hezbollah, Lebanon, or Iran – are not mutually exclusive. For example, while holding out the hope for a diplomatic solution, Israel could demonstrate its resolve by taking some action against all three – hit various Hezbollah positions, a few strategic Lebanese infrastructure facilities, and a target in Iran – to indicate that it is serious about not tolerating the situation in the North any longer, and that if the world does not insist on changes in Lebanon, then the wider Mideast regional war that everyone dreads may be unavoidable.

end

US, France scramble to stop Hezbollah attack sparking larger Lebanon war

(JerusalemPost)

Netanyahu held a security cabinet meeting late Sunday night at the Defense Ministry headquarters in Tel Aviv, following security consultations.

By TOVAH LAZAROFFJULY 28, 2024 22:34Updated: JULY 29, 2024 01:12

Smoke rises above the ground of northern Israel, after Hezbollah claimed it launched more than 200 rockets targeting Israeli military positions in northern Israel July 4, 2024. (photo credit: REUTERS/Ronen Zvulun) — Smoke rises above the ground of northern Israel, after Hezbollah claimed it launched more than 200 rockets targeting Israeli military positions in northern Israel July 4, 2024.(photo credit: REUTERS/Ronen Zvulun)

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The United States and France scrambled on Sunday to prevent the sparking of a third Lebanon war after the Hezbollah attack that killed 12 Druze children in the Golan Heights village of Majdal Shams on Saturday. Israel stood poised to respond militarily.

“We have been in continuous discussions with Israeli and Lebanese counterparts since the horrific attack yesterday,” US National Security Council spokesperson Adriane Watson stated.

The United States “is working on a diplomatic solution along the Blue Line that will end all attacks once and for all and allow citizens on both sides of the border to return safely to their homes.”

French President Emmanuel Macron spoke with both Prime Ministers, Benjamin Netanyahu of Israel and Najib Makati of Lebanon.

Diplomats have urged Israel to constrain its response to avert an all-out war between the two countries. Macron told Netanyahu that France was “fully committed to doing everything possible to avoid a new escalation in the region by sending messages to all parties to the conflict,” the Elyse said.

“He also reiterated the need to reach a diplomatic solution to the issue of the Blue Line, based on [United Nations Security Council] Resolution 1701 and his determination to contribute to it.”

The Lebanese government has asked the US to urge restraint from Israel, Lebanon’s foreign minister Abdallah Bou Habib told Reuters. Bou Habib said the US had asked Lebanon’s government to pass on a message to Hezbollah to show restraint as well.

Defense Minister Yoav Gallant spoke of the importance of a military response when he visited Majdal Sham and the northern command earlier in the day.

“I was shown the plans for a possible response” to Saturday’s attack against the village, Gallant said. “Hezbollah, an Iranian proxy, was behind the attack, and they cannot hide it despite their ridiculous denials. They fired [at Israel], and they will bear a heavy price for their actions,” he stated.

Netanyahu held a security cabinet meeting late Sunday night at the Defense Ministry headquarters in Tel Aviv, following security consultations. He arrived there immediately upon landing at Ben-Gurion Airport, after spending a week in Washington. In an unusual manner that highlighted the emergency nature of the situation, he departed for Israel prior to the end of Shabbat.

US Secretary of State Antony Blinken told reporters in Tokyo on Sunday that “It’s so important that we help diffuse that conflict” along the northern border, “not only prevented it from spreading but to diffuse it.”

He added, “We’re determined to do that.”

The attack comes after an intense cross-border war between the IDF and the Iranian proxy terrorist group Hezbollah, which is entrenched in southern Lebanon along Israel’s northern border and, since October 7, has run concurrent attacks to the Gaza war. Israel, at this point, is fighting three Iranian proxy groups at once: Hamas in Gaza, Hezbollah in Lebanon, and the Houthis in Yemen.

Iran’s foreign ministry warned Israel on Sunday against what it called any new adventure in Lebanon, as it repeated Hezbollah’s disclaimer that the terrorist group was not behind the attack.

Syria’s foreign ministry said it held Israel “fully responsible for this dangerous escalation in the region” and said its accusations against Hezbollah were false.

Israel, in turn, provided exact details about who launched the attack and the Iranian-made Falaq-1 rocket that exploded in Majdal Shams; it was Hezbollah’s deadliest strike against Israel in the last nine months.

Blinken said there was “every indication is that indeed the rockets were from Hezbollah. The US, he stated, “stands by Israel’s right to defend its citizens from terrorist attacks.”

Gaza ceasefire will lead into Lebanon border ceasefire – Blinken

A Gaza ceasefire, he stressed, is the best way to diffuse Israeli-Hezbollah violence. “One of the reasons that we’re continuing to work so hard for ceasefire in Gaza is… so that we can really unlock an opportunity to bring calm, lasting calm, across the between Israel and Lebanon,” Blinken said.

“We’re determined to bring the Gaza conflict to a close. It’s gone on for far too long. It’s cost far too many lives. We want to see Israelis; we want to see Palestinians. We want to see Lebanese live free from the threat of conflict and violence,” he added.

US Senate Majority Leader Chuck Schumer told CBS’s Face the Nation on Sunday that “Israel has every right to defend itself against Hezbollah like they do against Hamas.”

Lebanon’s Middle East Airlines (MEA) said on Sunday it had delayed the departures of some incoming flights set to land in Beirut overnight to arrive on Monday morning instead.

MEA said in a statement that six flights incoming to Beirut overnight from London, Copenhagen, and four other cities in the Middle East would be delayed so that they would instead take off on Monday morning.

MEA chairman Mohamad El-Hout told local broadcaster Al-Jadeed that the flight changes at Beirut’s Rafik Hariri International Airport were due to “insurance risks.”

“We’re not afraid that the airport will be hit, nor do we have any information in that regard. If we were scared, we wouldn’t have left any flights (operating),” he said.

END

Reuters contributed to this report.

ISRAEL/TURKEY

Misfit, Erdogan threatens Israel with empty words

(zerohedge)

Erdogan threatens Israel: ‘Like we entered Karabakh and Libya – we will do the same to Israel’

Erdogan’s threats come amid a dramatic flare up in the nine-month cross-border war between the IDF and Hezbollah.

By JERUSALEM POST STAFFJULY 28, 2024 21:42Updated: JULY 28, 2024 22:55

Turkey's President Tayyip Erdogan attends a press conference with Spanish Prime Minister Pedro Sanchez (not pictured) in Madrid, Spain, June 13, 2024. (photo credit: REUTERS/VIOLETA SANTOS MOURA) — Turkey’s President Tayyip Erdogan attends a press conference with Spanish Prime Minister Pedro Sanchez (not pictured) in Madrid, Spain, June 13, 2024.(photo credit: REUTERS/VIOLETA SANTOS MOURA)

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Turkish President Recep Tayyip Erdogan made statements against Israel and even threatened to invade Israeli territory, Israeli media reported on Sunday.

“Just as we entered Karabakh and Libya, we will do the same to Israel,” Erdogan said during a party meeting, referring to the Nagorno-Karabagh dispute and Libya, which have had Turkish troops.

Erdogan’s threats come amid a dramatic flare-up in the nine-month cross-border war between the IDF and Hezbollah. A Hezbollah-launched Iranian rocket landed in the Druze village of Majdal Sham in the Golan Heights on Saturday, killing 12 children.

Turkey responds to Middle East crisis

The Turkey leader spoke as the international community is scrambling to avert a larger Israeli-Lebanese war and or a regional one.

Turkey, however, is a member of the North Atlantic Treaty Organization, and as such, it is unlikely that it could intervene militarily in the IDF-Hezbollah conflict.

xhttps://twitter.com/i/status/1817601980141060382

Tensions have been high in Ankara and Jerusalem since the Hamas-led invasion of southern Israel on October 7.

Turkey is strongly allied with the Palestinians and has viewed itself as one of their ardent champions.

end

TURKEY/GAZA/ISRAEL/HAMAS

Erdogan Suggests Sending Military To Gaza, Israel Says Fate Of Saddam Awaits Him

MONDAY, JUL 29, 2024 – 02:10 PM

In the latest war of words to erupt between the leaders of Turkey and Israel, Turkish President Recep Tayyip Erdogan has threatened his country could intervene militarily in Gaza to defend Palestinians against the Israelis.

“We need to be very strong so that Israel cannot do these ridiculous things to Palestine. Just as we entered Karabakh, just as we entered Libya, we can do something similar to them,” Erdogan said in a speech to his ruling Justice and Development (AK) Party on Sunday.

This set off a firestorm of controversy and angry reaction out of Israel, with Israeli Foreign Minister Israel Katz taking to X to say that Erdogan could go the way of Saddam Hussein.

He said the Turkish president is “following in the footsteps” of former Iraqi president Hussein in threatening attack on Israel.

“Just let him remember what happened there and how it ended,” Katz wrote. Of course, this is in reference to Hussein’s execution after in 2003 being found hiding in a hole in the ground by US soldiers. During his execution, he had even been taunted by religious rivals – his Shia executioners.

Soon following the Saddam comparison, Erdogan lashed out again, this time comparing Netanyahu to Adolf Hitler (and not for the first time).

“Just as genocidal Hitler ended, so will genocidal Netanyahu,” declared the Turkish Ministry of Foreign Affairs on Monday.

“Just as the genocidal Nazis were held accountable, so will those who try to destroy the Palestinians,” a post on X said. “Humanity will stand by the Palestinians. You will not be able to destroy the Palestinians.”

Israel-Turkey relations have hit a historical low over these past ten months of war in Gaza – especially after the Erdogan government has actively supported and assisted the International Criminal Court’s (ICC) legal actions against Israeli leadership.

Trade ties have also suffered, with the Turkish government having ordered its exports to Israel slashed starting months ago. Israel’s construction industry relies heavily on Turkish products like concrete.

RUSSIA/UKRAINE/

Clever..

With Cheap Decoy Drones, Russia Baits Ukraine Into Revealing Air Defense Assets

SATURDAY, JUL 27, 2024 – 09:55 AM

The world’s principal theater of evolving drone warfare has a new angle, as Russia is now using relatively cheaper unarmed drones to force Ukraine into revealing the location of its air defense assets.

The deceptive new drones, built from cheap materials including plywood and foam plastic, have been used in five Russian strikes over the past two to three weeks, Reuters has reported, citing Ukrainian intelligence official Andriy Cherniak. One version uses a camera and a mobile phone SIM card to send imagery to its operator.

In one of the foremost indicators of Russia’s strengthening military relationship with Iran, a principal weapon in Russia’s Ukraine-war arsenal is the Iranian Shahed kamikaze drone, which dives into ground targets and explodes.

While the new drones are built to duplicate the look of Shaheds, they generally don’t carry explosives, though some are believed to have carried small charges. Unable to distinguish between the duds and the real thing, defending Ukrainian soldiers are compelled to open fire — revealing their positions to the camera-wielding drones, which are typically mixed into swarms of bona fide Shaheds.

“They identify where our mobile groups are positioned, where the machine guns are that can destroy them. They’re trying … to get a picture of where all our air defenses are located,” said Cherniak.

Russian Shahed-136 terrorist drone goes down!💪💙💛 pic.twitter.com/jrMFIDLgST
— Kvist.P 🇩🇰🇺🇦 (@kvistp) November 17, 2023

The decoy drones are cheaper — relatively. Cherniak estimates that Russia’s probably spending as little as $10,000 for each one. That’s a fraction of the $30,000 to $50,000 that a real Shahed might cost. In addition to their value in revealing Ukrainian air defenses, the mock Shaheds also force Ukraine into expending precious ammunition.

US-supplied Patriot air defense missiles cost about $4 million each. Shooting them at $50,000 drone is a horrendous trade-off of resources. While the US Department of Defense was happy to make that kind of lopsided exchange to knock down Shaheds launched by Iran at Israel in retaliation for the IDF’s attack on an Iranian diplomatic facility in Syria, Ukraine recognizes the need to economize — and emphasizes using mobile teams armed with older types of anti-aircraft weapons, including machine guns.

Russia has been using drones to menace Ukrainian energy infrastructure. A Thursday night attack focused on two regions between Kiev and its Russian border, leaving more than 68,000 customers without power. The Ukrainian military claimed it knocked down 20 of 22 drones that night. Even if true, the math underscores the power of a relatively inexpensive swarm that can’t be entirely defeated. The strategy has significantly eroded Ukraine’s energy self-sufficiency, compelling it to initiate a major electricity import program from the European Union.

Of course, Ukraine is deploying kamikaze drones of its own — as vividly illustrated last week, when Ukraine succeeded in its first successful drone attack on a major Russian refinery since mid-May. Dozens of drones were launched from Ukraine with the objective of crippling Russia’s energy infrastructure — and one of the impacts was captured in dramatic video:

Ukrainian drones striking the Russian oil refinery in Tuapse in the Krasnodar region 2-3 hours ago

The oil refinery is on firepic.twitter.com/GbV0Tk00Qh
— Visegrád 24 (@visegrad24) July 22, 2024

end\\

Opinion….

ROBERT H

Will leaves of fall, fall in peace?

It did not take long to see who was willing to die in a wider conflict with Russia. Romania takes the honor of being the first candidate to try their luck.

Today is the first time a NATO country has OVERTLY destroyed Russian military equipment inside Ukraine by firing at drone strikes in the Ukraine. In so doing this, Romania has made itself a party to the conflict failing to realize that Romania is expendable. They can no longer try to invoke NATO Treaty Article 5 (Collective Self Defense) because they initiated combat. Unless of course it does not matter as war is the objective by any means. And no cares about the foreign troops being killed in Ukraine. Just like no one cares about the Americans dying in the Middle East. And soon those US bases in Syria may well cease to exist as a wider conflict there gets underway.

What it does indicate is that Russia will be within its right to defend its weapons systems in the Ukrainian mess from overt attack. Poland has wisely stayed out for now. No doubt to see how Romania fares. One thing one can be sure of is that when Russia chooses to reply; it will not be with velvet gloves like with Ukraine. The pressure will be on Putin from the hawks in the Kremlin to send a loud and clear message to NATO. Stop or get the same treatment. And thus, Romania will be the example by which to measure. One can only imagine the growing Russian anger in the Kremlin but also with the Russian public.

Whether we get into fall without a wider conflict will be more dependent on how Putin can restrain his own forces who want to send a clear message. And the Russian mindset is to act on their own timelines as opposed to reacting to that of others. Romania as a investment location just got eliminated and likely will experience capital outflows for safety. Fly over country as they say.

end

6.COVID ISSUES/VACCINE ISSUES//DRUG AND HEALTH ISSUES

please do not take with vaccine. it will harm you in many ways and can even kill you

(zerohedge)

Pandemic 2.0: FDA To Grant Emergency Use Authorization (EUA) For mRNA Bird-Flu Shots (Just Like What Happened With COVID)

SUNDAY, JUL 28, 2024 – 09:00 PM

Authored by Ethan Huff via NaturalNews.com,

The medical establishment is teeing up for the launch of another “pandemic,” this one centering around H5N8 Influenza, also known as avian influenza or bird flu.

The American Medical Association (AMA) made a few changes this past week to its Current Procedural Terminology (CPT) system, described as “the leading medical terminology code set for describing health care procedures and services.” One change is the creation of a new CPT code for H5N8 Influenza virus “vaccine” candidates that “receive emergency use authorization (EUA) from the U.S. Food and Drug Administration (FDA).”

You may recall that during the Wuhan coronavirus (COVID-19) “pandemic,” the FDA granted EUA to the lineup of injections unleashed through Operation Warp Speed. Now, for the first time since COVID, the medical establishment is readying itself for what appears to be the next scamdemic: bird flu.

To ensure that health care systems across the United States are up to date with the codes in their electronic systems, the AMA is updating its CPT system right away “in advance for the potential FDA authorization,” which appears imminent.

“The new CPT code is a vital preparatory step in response to the potential danger to humans from a highly infectious avian influenza disease,” commented AMA President Dr. Bruce A. Scott, M.D.

“A CPT code that clinically distinguishes the avian influenza vaccine allows for data-driven tracking, reporting, and analysis that supports planning, preparedness, and allocation of vaccines in case a public health response is needed for avian flu prevention.”

If Trump wins, a bird flu “pandemic” is likely

Attorney Tom Renz commented on the development after Ohio Advocates for Medical Freedom (OAMF) – Ohio is the state where Renz is based – warned that bird flu is more than likely the next scamdemic coming down the pike.

“I expect the next pandemic after Donald Trump gets back into office unless he finds a way to shut it down,” Renz wrote. “That said – can you imagine another plandemic with a Kamala Harris president? No way.”

OAMF noted that the AMA’s CPT codes cover both adults and children who will be expected to take not just a “first” bird flu shot but also “each additional vaccine,” this referring to so-called boosters.

“Mandates will come,” OAMF warned.

Ohio could become the first state in America to pass protective legislation for conscientious and religious objections to adult vaccination, the group further revealed, which is good news for everyone who lives there – but what about the rest of the country?

“This is just further confirmation that the next control pandemic is in route,” OAMF said. “We’re all focused on the election, but we need to pay attention to what they’re doing in the dark!”

Renz also had a few things to say to Elon Musk and the other controllers of X concerning the apparent censorship still taking place on the social media platform.

“Why is it that the pics on this threat keep being hidden and the thread does not appear in any searches for mRNA or elsewhere?” Renz asked after observing what he believed to be shadow-banning and other censorship actions occurring on his thread about all this.

“Obviously it is being discussed and trending but – much like many other items on my feed – the pics are continually suppressed and the post cannot be found in a search. I never get a response and simply do not understand why this keeps happening on a free speech-based platform. Elon Musk is pushing for free speech – is the staff @X listening?”

It looks as though bird flu is scheduled to be the next COVID.

Learn more at Plague.info.

Moderna Confirms Link Between COVID mRNA Vaccines and Cancer – The Expose

No wonder people are getting cancer

https://expose-news.com/2024/07/26/moderna-confirms-link-between-covid-mrna-vaccines-and-cancer/

WORLD EVENTS NOTEWORTHY

END

WORLD HEALTH ISSUES

the vaccines cause a lack of immunity. Thus the huge increase in measles cases

(EpochTimes)

CDC: Measles Cases In US So Far This Year Already Triple 2023 Total

MONDAY, JUL 29, 2024 – 07:20 AM

Authored by Jack Phillips via The Epoch Times,

Federal health officials reported that the number of measles cases so far in 2024 has already tripled the total for all of 2023.

According to data published by the U.S. Centers for Disease Control and Prevention (CDC) on July 26, at least 188 cases of measles have been reported across the United States for 2024. In all, 26 states and Washington, D.C., have reported cases of the virus, which officials say can cause severe disease in children.

In 2023, a total of 58 measles cases were reported across the United States, the CDC data shows.

During 2024, there have been 13 outbreaks so far, which the CDC defines as three or more related cases, and about 65 percent of cases are related to outbreaks, according to the agency. Children under the age of 5 account for nearly half of the cases in 2024.

Cases this year have been reported in Arizona, California, District of Columbia, Florida, Georgia, Illinois, Indiana, Louisiana, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Hampshire, New Jersey, New Mexico, New York City, New York State, Ohio, Oregon, Pennsylvania, South Dakota, Vermont, Virginia, Washington, West Virginia, and Wisconsin, the agency said.

No deaths from the virus have been reported so far in 2024, according to the CDC, but 93 patients have been hospitalized.

Local health authorities have issued multiple alerts this year due to infected individuals with a recent history of international travel, potentially exposing other people to measles in airports, including an incident in late May at the Philadelphia International Airport. In early July, public health departments in Washington state and Ohio issued similar warnings.

“Measles is a very contagious infection and if you don’t yet have immunity, you can get it just by being in a room where a person with measles has been,” Eric Chow, an official in the King County Public Health agency, said in a release.

In March, the CDC sent out a health alert regarding an increase in “global and U.S. measles cases,” saying that people traveling internationally should take caution before leaving the country.

But despite the recent increase, the numbers are far below those reported in 2019, when about 1,300 cases were reported across the U.S.

Worldwide, measles cases increased 18 percent and deaths rose 43 percent between 2021 and 2022, according to a report issued by the U.N. World Health Organization (WHO) and the CDC in late 2023.

Migrant Shelter Outbreak

A significant number of measles cases reported in the United States this year have been connected to the spread of the virus at a Chicago shelter that houses illegal immigrants. As of May, 57 cases were associated with the shelter outbreak, the CDC said in a report.

“Most cases occurred in unvaccinated persons. A prompt and coordinated response with a high-coverage mass vaccination campaign reduced the size and duration of the outbreak,” the agency stated, referring to the Chicago outbreak.

The CDC added that the setting allowed measles to spread quickly to the 2,100 potentially “exposed shelter residents” starting in early March.

Symptoms

Authorities say measles, a highly infectious virus, generally shows up in two stages. In the first, most people develop a fever higher than 101 degrees Fahrenheit, runny nose, watery red eyes, or cough. These symptoms generally start seven to 14 days after exposure.

Officials say the second stage of measles starts two to three days after the initial symptoms. Some people develop what is known as Koplik spots—tiny white spots—inside the mouth, the CDC says.

Three to five days after the first symptoms begin, the telltale measles rash starts to appear on the patient’s face near the hairline area before it spreads to the rest of the body.

“Small raised bumps may also appear on top of the flat red spots,” and the “spots may become joined together as they spread from the head to the rest of the body,” the CDC says on its website. “When the rash appears, a person’s fever may spike to more than 104 degrees Fahrenheit.”

MARK CRISPIN MILLER

DR PAUL ALEXANDER

see 24 March 2021, Biden tasks Harris with tackling migrant influx on US-Mexico border; BBC: “US President Joe Biden has put Vice-President Kamala Harris in charge of controlling migration at the

southern border …Biden said he was giving her a “tough job” as she was “the most qualified person to do it”. So Biden said you were the BOSS, border ‘CZAR’; Nungaray’s rape & death was due to Harris

DR. PAUL ALEXANDERJUL 27

READ IN APP

you Kamala Harris, saw to it that 20 million illegals flooded into the USA…when the 2 feral fecal Latino medieval rapists brutalized Joceyln Nungaray, when they savage the 12 year old and then dumped her body in the river, you were sipping Indian tea…as she cried out…you were talking in riddles and drivel about school buses and venn diagrams…as she cried out for her mother, you were out there bullshitting the press that Biden was great, no health issues, para ‘he was strong as an OX’ yet you knew he was urinating on himself and soiling himself in the oval office….you and Anna ‘Ozempic’ Navarro sought to lie to us with the legacy fecal press, the DC fecal press…and we know you like Venn Diagrams so here is one for you…one with 3 overlapping circles, one belonging to you, one to Biden, and one to Obama and the overlapping center, where all three of you intersect, we can write in and label “raped and murdered” American women and young girls…for that is what you three have in common…

so don’t you and the press try your bullshit Kamala that you were not the border CZAR…for you were the border CZAR, yet like everything you touch, it becomes a clusterfuck of woke socialist radical destruction where there is death and destruction all around…death and destruction…

Now Megyn Kelly Says Kamala Harris ‘Slept Her Way’ Into Politics; again, I warn, pull back on that, you people will wrench female voters, independents, blue democrats, swing voters; FOCUS on the bad

policies by Kamala Harris, yes, she failed to release innocent men & give them fair trials while releasing guilty brutal ones who went on to rape & kill; failed on US border, failed on 25th amendment

DR. PAUL ALEXANDERJUL 27

READ IN APP

Megyn Kelly attends the 10X Ladies Empowerment Seminar on August 5, 2023, in Aventura, Florida, and Vice President Kamala Harris speaks onstage during The New York Times Dealbook Summit on November 29, 2023, in New York City. Kelly has said Harris “slept her way” into politics.

There are enough devastating Harris actions and policies, focus on that….let us not make this an election of personal actions…we will then be buried deep in it. Let us focus on policies and how to better America.

Start here:

Alexander MAGA news; a fake PCR created COVID non-pandemic is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

Upgrade to paid

‘Vice President Kamala Harris has been at the receiving end of misogynistic attacks after becoming the Democratic Party‘s front-runner for the party’s presidential nomination—and now, Megyn Kelly has said Harris “slept her way” into politics.

On Sunday, President Joe Biden announced that he would not be seeking reelection in the 2024 presidential race and threw his support behind Kamala Harris, the first Black, South Asian and female vice president in U.S. history. His decision followed weeks of pressure from within his party and from key Democratic donors to step down amid concerns over his age and mental acuity.

Harris is currently the favorite to be selected by her party to run against Donald Trump in November’s election. Trolls have reacted to the news by flocking online to share graphic, often sexualized, jokes about the vice president. Many social media users reiterated the idea that Harris “slept her way to the top,” referencing her brief relationship with former San Francisco Mayor Willie Brown.

One such person is former Fox News anchor Kelly, who said Harris was an “unqualified political aspirant” after responding to a post on X, formerly Twitter.

Newsweek emailed spokespeople for Kelly and Harris for comment on Tuesday.

Before Kelly shared her thoughts, right-wing activist and columnist Matt Walsh posted to X: “Kamala Harris got her start in politics by sleeping with Willie Brown. She became Vice President because Biden needed a non-white female on the ticket. Now she likely becomes the Democratic nominee for president because the guy at the top of the ticket has dementia. She’s made a career out of begging for hand outs from powerful men. A thoroughly unimpressive human being.”

At the time of writing, it had been viewed 12.5 million times.

Feminist author and journalist Naomi Wolf disagreed with Walsh’s post, writing: “This kind of sexist take from Republican men will not play well. Swing voters who are women are up for grabs, the Trump/Vance ticket needs them, and ‘she slept her way to the top’ just repels many women and is not an argument.”

Her post had been viewed 3.6 million times.

However, Kelly—who is no stranger to sharing her opinions online—echoed Walsh’s sentiment in her response to Wolf’s post. She alluded to the fact that Harris dated Brown after they met when she was 29 years old and he was 60 years old. She was an assistant district attorney and he was the California State Assembly speaker.

“Disagree. She actually did sleep her way into and upwards in California politics and most women (and men) may learn that and see it for what it is: evidence of an unqualified political aspirant getting ahead based on smthg [sic] other than merit. It’s relevant, and fair game,” Kelly wrote, with her post having been viewed 3.6 million times at the time of writing.

Harris and Brown dated from 1994 to 1995, the year before Brown was elected mayor, according to a 2020 Reuters fact check. Brown, who is 30 years her senior, had been separated from his wife for more than a decade by the time they got together.

In contrast to her comments about Harris, Kelly previously stated that former President Donald Trump paying adult film star, Stormy Daniels, to keep quiet about an alleged affair the two had was “not immoral.”

END

Megyn Kelly Says Kamala Harris ‘Slept Her Way’ Into Politics (msn.com)

SLAY NEWS

The latest reports from Slay NewsJournalist Who Attacked ‘Anti-Vaxxers’ Dies ‘Unexpectedly’ at 43 A prominent journalist from Washington State, who smeared and attacked “anti-vaxxers” over their views about Covid mRNA shots, has died “unexpectedly” at just 43 years old.READ MORE Vaxxed 25-Year-Old Pregnant Mother Dies within Hours of Turbo Cancer Diagnosis A 25-year-old pregnant mother of one has tragically died shortly after being diagnosed with a rapidly spreading form of cancer.READ MORE 87% of American Voters Say Biden Was Right to Drop Out of Race, Poll Shows A new poll has revealed that the overwhelming majority of the American people believe that Democrat President Joe Biden did the right thing by dropping out of the presidential race.READ MORE Kamala Harris Promotes Democrat Voting Efforts on ‘RuPaul’s Drag Race’: ‘You Better Vote!’Kamala Harris has appeared on the TV show “RuPaul’s Drag Race” to promote the Democrats’ get-out-the-vote pitch.READ MORE New Bodycam Footage of Trump Shooting Shows Police Finding ‘Explosive Device’New police bodycam video from President Donald Trump’s assassination attempt has been released by authorities.READ MORE Jill Biden Calls on Husband’s Supporters to Back Kamala Harris First Lady Jill Biden has waved a white flag over the White House, calling on her husband’s supporters to back the Democrat president’s replacement, Kamala Harris.READ MORE J.D. Vance Warns Harris ‘Much More Liberal’ than Biden As Democrats scramble to “reintroduce” Kamala Harris to the American people, the vice president’s unpopular far-left track record continues to re-emerge.READ MORE Biden Vows ‘Supreme Court Reform’ in Final Months of Lame-Duck Presidency Democrat President Joe Biden has vowed to follow through with “Supreme Court reform” before he leaves office.READ MORE Barack & Michelle Obama Endorse Kamala Harris with ‘Phone Call’Vice President Kamala Harris has received another critical endorsement for her presidential campaign during a “phone call,” this time from Barack and Michelle Obama.READ MORE Trump Calls for Protesters Who Burn American Flag to Face Jail Time President Donald Trump has declared that protesters who are caught burning an American flag should face one year in prison.READ MORE Ex-Clinton Strategist James Carville: Kamala Harris Campaign’s ‘Best Day’ Has Already Passed Veteran Democrat strategist James Carville has warned that the “best day” of Vice President Kamala Harris’s presidential campaign is already behind her.READ MORE American Voters Say Trump ‘More Likely to Win’ after Biden Dropped Out, Poll Shows A new poll has revealed that the plurality of American voters say that President Donald Trump is now “more likely to win” after his Democrat “rival” dropped out of the race.READ MORE Gab CEO: Trump Shooter Thomas Crooks Had Pro-Biden Account The founder and CEO of social media company Gab, Andrew Torba, has revealed that the shooter who tried to assassinate President Donald Trump appears to have run a pro-Biden account on the platform.READ MORE VIEW MORE

he latest reports from Slay News

Heart Failure Surges 620% Among Covid-Vaxxed A major new study has found that heart failure is surging among people who have been “vaccinated” with Covid mRNA shots.READ MORE

Government Data Shows Covid Shots Caused 50% Spike in All-Cause Mortality Newly unsealed official government data has revealed that Moderna’s Covid mRNA shots caused all-cause mortality rates to soar by over 50 percent.READ MORE

California Supreme Court Overrules State Democrats to Back Gig Workers Pro-union Democrats in California have just hit a major setback after the state’s Supreme Court ruled in favor of gig workers.READ MORE

Kamala Harris Hit with Sprawling Investigation into Her Prosecution Record Democrat Vice President Kamala Harris is now facing a sprawling investigation into her controversial record as a top prosecutor in California.READ MORE

Federal Judge Threatens to Sanction Hunter Biden’s Lawyers for Lying to Court A federal judge has just dropped the hammer on Hunter Biden’s lawyers after they were caught lying to a California court.READ MORE

Trump Won’t Debate Harris Until ‘Democrats Formally Decide on Their Nominee’ Due to ‘Continued Political Chaos’President Donald Trump’s campaign has refused to schedule a debate with presumptive Democrat presidential nominee Kamala Harris due to the party’s “continued political chaos.”READ MORE

Rachel Maddow & MSNBC Hosts Hit with $30 Million Lawsuit for Smearing Doctor with ‘Verifiably False’ Claims Rachel Maddow and some of her fellow MSNBC hosts have just been hit with a massive lawsuit after they smeared on a doctor on air, whom they dubbed the “uterus collector.” READ MORE

CBS Affiliate Hit with ‘Fact Check’ for Falsely Claiming Trump Misled on ‘Dangerous’ Harris-Backed Bail Fund A local CBS News affiliate has been hit with a Community Notes “fact check” on X for pushing false claims in a desperate attempt to hide Kamala Harris’s far-left record from the American people.READ MORE

Speaker Johnson Visits Border, Blames Kamala Harris for National Illegal Alien Crisis Republican House Speaker Mike Johnson (R-LA) has made a surprise visit to the Southern Border to assess the crisis of illegal aliens flooding into the country.READ MORE

2020 Video of Harris Resurfaces, Proves She Supports ‘Defund the Police’ Efforts: ‘It’s about Upending the System’A damaging video of a Kamala Harris interview from 2020 has just resurfaced, proving that the Democrat vice president’s radical agenda includes support for far-left “defund the police” efforts.READ MORE

MSNBC’s Joy Reid Claims Trump’s Family Only Pretending to Love Him: Affection Not ‘Real,’ Looks ‘Cold’ & ‘Clinical’In a desperate attempt to smear and discredit President Donald Trump, MSNBC anchor Joy Reid is pushing a new conspiracy theory that the 2024 frontrunner’s family is only pretending to love him.READ MORE

he latest reports from Slay News

Biden Admin Demands $78 Trillion to Fund ‘Net Zero’Democrat President Joe Biden’s administration is demanding a staggering $78 trillion to allegedly fight “climate change” by funding the World Economic Forum’s (WEF) “Net Zero” agenda.READ MORE

Trump Commits to CBDC Ban, Pledges Strategic Bitcoin Reserve President Donald Trump has committed to his pledge to ban the formation of a Central Bank Digital Currency (CBDC) in America.READ MORE

FBI Confirms Trump Was Hit by Bullet after Director Wray Attempts to Suggest Otherwise The FBI has finally confirmed that President Donald Trump was “struck” by a “bullet” during the failed assassination attempt at his rally in Butler, Pennsylvania.READ MORE

Kamala Harris Directly Responsible for Crippling Inflation, Report Shows A new report has just dealt a devastating blow to Kamala Harris by directly linking the Democrat vice president to a key issue that has been negatively impacting the lives of many voters.READ MORE

New York AG Letitia James Urges U.S Supreme Court to Toss Lawsuit against Trump’s ‘Hush Money’ Conviction New York’s Democrat Attorney General Letitia James has urged the United States Supreme Court to drop a lawsuit seeking to block aspects of President Donald Trump’s “hush money” conviction.READ MORE

TV Soap Star Esta TerBlanche Dies Suddenly at 51 Actress Esta TerBlanche, star of the TV soap “All My Children,” has died suddenly, according to reports.READ MORE

Harvey Weinstein Hospitalized in NYC with Double Pneumonia Disgraced former Hollywood mogul and Democrat megadonor Harvey Weinstein has been hospitalized in New York City, according to reports.READ MORE

EVOL NEWS

ST NEWS:

Covid Shots Cause Eye & Face Paralysis, Top Study Warns – EVOL Read more…MUST-SEE: New Bodycam Footage of Trump Assassination Attempt Just Released – EVOL Read more…Boar’s Head recalls more than 207,000 pounds of meat due to listeria concerns – EVOL Read more…NEW: Obama’s WH Doctor SHREDS Christopher Wray, Confirms Trump Took Bullet To Ear – EVOL Read more…Harris Erases Trump’s Lead, WSJ Poll Finds – EVOL Read more…Fox News Poll: Dead heat between Harris and Trump in Michigan – EVOL Read more…Fox News Poll: Harris, Trump tied in Pennsylvania – EVOL Read more…Trump Announces Return to Butler, PA for a “BIG AND BEAUTIFUL RALLY” – EVOL Read more…

TEST NEWS:

TEST NEWS:EVOL NEWS

LATEST NEWS:

Vance Obliterates VP Harris For Doubting His Loyalty: ‘WHAT THE H*LL HAVE YOU DONE’ – EVOL READ MORE…

LATEST NEWS:

NEWS ADDICTS

LATEST REPORTS FOR NEWS JUNKIESAlabama Gov. Kay Ivey Forces the Closure of Alabama University DEI Offices The University of Alabama is the latest school to shut down its Diversity, Equity, and Inclusion (DEI) offices, following the lead of public colleges in Texas and Florida. These schools have eliminated programs that, they argue, promote discrimination based on race and gender. The University of Alabama, a publicly funded institution, shut down its DEI offices at its Tuscaloosa, Birmingham, …READ THE FULL REPORT JUST CONFIRMED: Kamala Harris Is Preparing to Choose Between Josh Shapiro and Mark Kelly as Her Running Mate As Kamala Harris nears a decision on her running mate, she is reportedly considering two candidates from key swing states. According to a report by the New York Post on Saturday, Pennsylvania Governor Josh Shapiro and Arizona Senator Mark Kelly have emerged as the leading contenders for Kamala Harris’s running mate. Shapiro appears to have an edge due to his …READ THE FULL REPORT University Professor Claims Black People Have a Right to Wish for ‘Evil’ Trump’s Death A few days after the attempted assassination of President Donald Trump, a professor at Morgan State University in Maryland wrote an op-ed stating that she and other Black Americans are justified in wishing that the attempt to kill the “evil” Trump had been successful. In her article titled “‘Is He Dead?’ Why Black People Are Not Grieving The Failed Assassination …READ THE FULL REPORT Judge Issues Permanent Injunction Against Section of Florida’s ‘Stop WOKE Act,’ Citing First Amendment Violations A federal judge on Friday issued a permanent injunction against a section of Florida’s “Stop Woke Act,” which was pushed by Republican Governor Ron DeSantis and other GOP legislators. The law aimed to ban critical race theory training in workplaces and educational settings. Chief U.S. District Judge Mark Walker issued a permanent injunction against the provision of the law that …READ THE FULL REPORT BREAKING NEWS: Kamala Harris’s Top VP Contender Josh Shapiro Accused of Sexism and Cover-Up of Sexual Harassment A Democrat running for a statewide office has sharply criticized a leading contender for Kamala Harris, delivering pointed remarks as his political profile rises. According to reports, Erin McClelland, the Democratic nominee for Pennsylvania Treasurer, accused Pennsylvania Governor Josh Shapiro of sexism and covering up sexual harassment in a post on X Tuesday night. She also implied that Shapiro’s ego …READ THE FULL REPORT

LATEST REPORTS FOR NEWS JUNKIES

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

7.OIL PRICES/GAS PRICES/OIL ISSUES

END

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

CANADA

Canada going up in smoke?

(Brownstone)

Canada’s “Worst Decline In 40 Years”

SUNDAY, JUL 28, 2024 – 07:50 PM

Authored by Peter St.Onge via The Brownstone Institute,

Canada’s standard of living is on track for its worst decline in 40 years, according to a new study by Canada’s Fraser Institute.

The study compared the three worst periods of decline in Canada in the last 40 years – the 1989 recession, the 2008 global financial crisis, and this post-pandemic era.

They found that, unlike the previous recessions, Canada is not recovering this time. Something broke.

In fact, according to the Financial Post, since 2019 Canada’s had the worst growth out of 50 developed economies. Inflation-adjusted Canadian wages have been flat since 2016.

So, yes, something broke.

And it’s nowhere near over: Canada’s per-person real GDP is still falling and with a looming US recession – the US is 75% of Canada’s exports – Canada could crash again before it ever recovered.

Trudeau’s Canada in Decline

In previous videos, I’ve talked about the disaster that is Justin Trudeau’s Canada. In short, incomes are West Virginia-level, house prices are at the Los Angeles level, and Canadian taxes are halfway to the Soviet Union.

It’s not rare for a middle-class family in Canada to pay half their income in taxes.

Meanwhile, since the pandemic, Canada’s official food inflation is up 25%, and energy is up 30% – partly thanks to a carbon tax.

And keep in mind sales tax in most Canadian provinces is 13 to 15 percent on everything you buy.

While Canadians post TikToks about trying to stretch a loaf of rye bread through the week or selling off their possessions to afford groceries, the cost of living is hitting harder with time.

Canadian bankruptcy filings jumped 40% last year, while CIBC reports nearly half of Canadians have zero emergency savings.

According to StatsCan Canada’s violent crime rate is up 40% since 2014.

An Ipsos poll found 7 in 10 Canadians agree that “Canada is broken” – rising to 8 in 10 of those between age 18 and 34.

Angus found fully 42% of Canadians are considering moving to another country.

What Changed

This is all a shock because it happened so fast – it’s night and day from the last crisis in 2008, which Canada weathered much better than America.

What changed? Justin Trudeau. Specifically, his campaign to convert Canada from a mixed economy like the US into a government-dominated economy like the sick men of the European Union.

Under Trudeau, business investment has plunged by a third. While government spending nearly doubled to almost half of GDP.

Government workers in Canada are growing almost four times faster than the private sector, and one in three Canadians now work for the government, raking in 30% more in salary and benefits than the taxpayers they lord over. Another 1.7 million Canadians – roughly 1 in 10 households – are on welfare.

Of course, that makes it very difficult to win an election in Canada on a small-government platform: You’re up against the government-provided livelihoods of 40% of voters. Meaning you’ve got to win, what, 80% of everybody else.

What’s Next

Near-term things will get worse because Canadians are stuck with Trudeau through the next election in 2025.

Conservative Pierre Poilievre is ahead in the polls for now, but Canada’s government-funded media is doing everything they can to destroy him so the lead’s already narrowing.

That means more inflation, more decline, more mass migration, and rising crime in what was once a paradise.

Republished from the author’s Substack

end

Venezuela

Looks like Maduro lost but he will not give up power

(zerohedge)

Maduro Declared Venezuelan President For 3rd Term, But Opposition Claims Victory In ‘Stolen’ Election

BY TYLER DURDEN

MONDAY, JUL 29, 2024 – 02:00 AM

Update(02:00ET): The Venezuelan government has announced official election results shortly after midnight: Venezuelan President Nicolas Maduro has won a third term with 51% of the vote, announced the country’s electoral authority, with 80% of ballot boxes counted. But there are widespread reports that several key exit polls pointed to a huge opposition upset victory by Edmundo González.

The opposition is claiming victory and that the election has been stolen amid reports that Maduro’s security forces have deployed significant numbers of armored vehicles and heavily armed-police to the streets of Caracas ahead of likely unrest.

The opposition is further calling on the military to turn against Maduro and back the ‘rightful’ victory of Gonzalez.

The Associated Press has detailed in an overnight update:

Venezuela’s opposition claimed Edmundo González defeated President Nicolás Maduro in Sunday’s presidential election, setting up a showdown with the government, which earlier declared Maduro the winner.

“The Venezuelans and the entire world know what happened,” González said in his first remarks. Opposition leader María Corina Machado made the announcement standing alongside González, whose margin of victory she said was “overwhelming.” Earlier the opposition said it had obtained voting tallies from about 30% of ballot boxes nationwide, with more expected overnight.

The National Electoral Council, which is controlled by Maduro loyalists, has yet to provide the tallies from 30,000 polling booths nationwide.

Regardless of what actually happen or what will happen in terms of the possibility of violence, it’s clear that the leftist and socialist Venezuelan government just suffered its most significant electoral test and shock in decades.

Some regional and external governments have signaled they will not recognize Maduro’s ‘win’…

The populace could be gearing up for a fight, but if violence doesn’t spiral within the next 24-48 hours, the situation is likely to remain stable. All eyes will also be on Washington Monday, waiting to see how forcefully the US administration condemns the outcome.

Meanwhile, an interesting recent admission and revelation…

Aaron Maté

@aaronjmate

Ahead of Venezuela’s election, John Bolton admitted to the Washington Post that he knew that the Trump admin’s crippling sanctions and coup attempt against Venezuela would destroy its economy and force millions to flee: “There was no doubt the sanctions, along with the general economic deterioration before we imposed them, was driving a lot of people out of the country,” Bolton said. “ … That, to me, was a way to put pressure on the country.” Did any Venezuelans vote for John Bolton, Donald Trump, or Joe Biden (who initially continued the Trump policy) to destroy their economy? Does Trump, who constantly rails against undocumented immigrants, ever take responsibility for knowingly creating millions of them? Those are pertinent questions as we address the sincerity and credibility of bipartisan US establishment figures who will now question Venezuela’s election and denounce Maduro as “autocratic.” To me, there’s nothing more autocratic than trying to impoverish a foreign country and install a new government there.

1:02 AM · Jul 29, 2024

77.2K Views

witter.com/aaronjmate/status/1817787723467387117?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm

President Nicolas Maduro alarmed and riled his enemies as well as Washington and its allies by declaring just ahead of Sunday’s elections: “If you don’t want Venezuela to fall into a bloodbath, into a fratricidal civil war, due to the fascists, let’s ensure the greatest success and greatest victory in the electoral history of our people.”

Many pundits are taking this as a warning that he’ll refuse to give up power in the unlikely event he loses his bid for six more years in office, which would be his third term. While there are eight names total on the ballot as Venezuelans wait in long lines to vote Sunday, 74-year old opposition candidate and former diplomat Edmundo González Urrutia is considered the only real contender who has a chance of defeating Maduro.

González is basically the surrogate candidate for María Corina Machado, who has organized the opposition and has become wildly popular, even recently gaining name recognition abroad and in US media.

Maduro and his United Socialist Party of Venezuela (PSUV) have ruled over the central American country since 2013, after he took over following the death of his mentor, far-left icon Hugo Chavez.

Millions of desperate citizens have already left their country in search of work and opportunities abroad amid a crushed economy and rampant accusations of corruption against Maduro government officials. Millions more may leave if his power is extended for another term.

Polls have seen massive queues since they opened at 6am, but already there are reports of barriers in pro-opposition areas and stories of black-clad, masked men blocking voting stations, as The New York Times has alleged. “The destiny of Venezuela depends on our victory,” Maduro has proclaimed at campaign rallies, while decrying efforts of a hidden imperialist foreign hand to thwart his aims, as well as longtime US-led sanctions.

Both the United States and Brazil have issued messages of “we’re watching closely”:

Asked in a press briefing whether Maduro was likely to rig Sunday’s vote, John Kirby, White House national security spokesperson, said it was difficult to know how the situation would play out but that the U.S. wanted “to make it clear to Mr. Maduro that we’re watching, we’re watching closely.”

Brazil’s President Luiz Inácio Lula da Silva has also urged Maduro to respect the results, telling international news agencies that he was “scared” by the Venezuelan’s recent remarks, Reuters reported.

Brazil’s president added that Maduro “needs to learn that when you win, you stay; when you lose, you leave.”

Some analysts expect some degree of unrest and violence to break out no matter who emerges victorious, with either side set to contest.

“On the basis of their own exit polls, the opposition will probably declare victory and push for regime change, ushering in a period of heightened political tension and uncertainty ahead of the inauguration,” Andre Masuko, a research analyst with the Economist Intelligence Unit, stated to CNBC.

“However, we do not expect the Maduro regime to be overthrown. His strict control over the country’s institutions, including the security forces, the judiciary and the electoral national council (CNE), will be instrumental in helping him to stay in power,” he underscored.

One big unpredictable scenario of huge consequence is whether the US would throw its support behind any opposition allegations claims of widespread election abuse and fraud.

Meanwhile, the usual Neocon suspects in Congress are alleging a ‘stolen’ national election before the ballots are even in…

Washington weighing in too forcefully would set the stage for another anti-opposition crackdown by Maduro government security services.

end

Sanctions Did Not Destroy Venezuela… Socialism Did!

MONDAY, JUL 29, 2024 – 12:20 PM

Authored by Daniel Lacalle,

It is shameful to see a delegation of the terrifying Grupo de Puebla “supervise” the Venezuelan elections that authoritarian leader Maduro wants to manipulate again.

The Puebla Group “supervising” elections is like Pablo Escobar overseeing the fight against drug trafficking. This infamous organization defends all communist murderous dictatorships and looks to the other side when human rights and freedom of expression are attacked in socialist regimes.

There is no comparison to the economic disaster that Venezuela’s 21st-century socialism has caused. As José Guerra, an economist at the Venezuelan Observatory of Finance, explains in his brilliant book “25 Years of Chavista Governments,” over the past quarter-century, Venezuela’s gross domestic product has plummeted by more than 55%, while the region’s GDP has grown by 25%, per capita income has dropped to less than half, poverty has increased 2.8 times, extreme poverty has multiplied by five, and the real minimum wage has sunk by 99%. 21st Century Socialism led the Venezuelan economy to the utmost misery, with the applause of the global left. Let us not forget, moreover, that Chavism wasted the enormous oil income it received during the years of high crude prices, sinking the economy despite receiving more than a trillion dollars of oil revenue between 1999 and 2014.

Nine million Venezuelans have been condemned to emigrate; poverty levels exceed 80 percent, according to the National Survey of Living Conditions/Encovi; and Chavism has destroyed the national currency, the bolivar, with a monstrous collapse of purchasing power.

In the last 14 years, 14 zeros of the currency’s nominal value have been removed.

You may have read the lie that Venezuela’s problem is the nonexistent US blockade. It’s completely false. In Venezuela, there is no blockade and it has bilateral agreements with more than 50 nations, including the major world powers. The United States is one of its main trading partners, along with China, Russia, Turkey, Spain, India, the Netherlands, and Brazil, among others, according to government data. Furthermore, Venezuela has received soft loans and financial support from China and Russia in excess of $78 billion since 2014, according to the US CRS. Moreover, Venezuela has been the largest beneficiary of soft loans and debt restructuring in the entire region since 2013. Indeed, the first person to acknowledge that there is no blockade is dictator Maduro, who boasts of the dead-cat bounce of the economy and its rising exports. Hilarious.

There is no blockade in Venezuela. The only blockade is that which socialism imposes on impoverished citizens. There are only sanctions on the leaders who have robbed the Venezuelan people with full hands and have demolished the state-owned oil company, PDVSA, which has gone from being the most efficient in the world before chavism to a decapitalized and indebted company on the brink of bankruptcy.

Monetary destruction and confiscation of private property, as well as rampant corruption, are trade marks of socialist regimes. Chavism is no different. They stole 3.4 million hectares of land, confiscated more than 523,000 apartments, and expropriated 1087 businesses. In addition, 62% of the expropriations were abandoned, and 95% were directly stolen.

Chavism has closed more than 40 national and regional newspapers, almost forty radios, and blocked the broadcast of more than thirty television stations, including the Spanish-language CNN or Antena 3. In addition, Chavism holds more than 260 political prisoners, according to the Criminal Forum.

Venezuela is the most unsafe country in the region, with more than 330,000 violent deaths in 20 years of the Chavista regime, according to the Observatory for Violence. The NGO Provea published that Maduro’s government killed more than 9,400 people between 2013 and 2023, institutionalizing murder, according to the NGO.

Hyperinflation, misery, and repression. A murderous dictatorship was perpetuated with the support of the Sao Paulo Forum and the terrifying Puebla Group, which also whitewashed the Castrista and Nicaraguan dictatorships. That is the legacy of Chavism, which the left has applauded for years and continues to support. This is the same left that has the temerity to tell you that they defend democracy, progress, and freedom of expression.

This caviar left that remains silent in the face of murder and misery in Venezuela and Cuba is the same that voices concerns about the rise of the extreme right while looking to the other side when faced with evidence of the socialist terror regime.

Sanctions did not destroy Venezuela. Socialism did. In times of high oil prices, squandering the record oil revenues, and implementing a regime of terror, misery, and confiscation where political leaders become obscenely rich, stealing the nation’s wealth just like they do in Cuba, Nicaragua, and other socialist regimes.

YOUR EARLY CURRENCY/GOLD AND SILVER PRICING/ASIAN CLOSING MARKETS AND EUROPEAN BOURSE OPENING AND CLOSING/ INTEREST RATE SETTINGS MONDAY MORNING 6;30AM//OPENING AND CLOSING

EURO VS USA DOLLAR: 1.0829 DOWN 0.0023

USA/ YEN 153.75 UP 0.201 NOW TARGETS INTEREST RATE AT 1.00% AS IT WILL BUY UNLIMITED BONDS TO GETS TO THAT LEVEL…//YEN STILL FALLS//END OF YEN CARRY TRADE BEGINS JULY 2024

GBP/USA 1.2841 DOWN 0.0017

USA/CAN DOLLAR: 1.3842 UP .0020 (CDN DOLLAR DOWN 20 BASIS PTS)

Last night Shanghai COMPOSITE CLOSED UP 0.95 PTS OR 0.03%

Hang Seng CLOSED UP 217.03 PTS OR 1.07%

AUSTRALIA CLOSED UP 0.86%

// EUROPEAN BOURSE: MOSTLY GREEN EXCEPT SPAIN

Trading from Europe and ASIA

I) EUROPEAN BOURSES: MOSTLY GREEN EXCEPT SPAIN

2/ CHINESE BOURSES / :Hang SENG CLOSED UP 217.03 PTS OR 1.09 %

/SHANGHAI CLOSED UP 0.95 PTS OR 0.03%

AUSTRALIA BOURSE CLOSED UP .86%

(Nikkei (Japan) CLOSED UP 801.20 PTS OR 2.13%

INDIA’S SENSEX IN THE GREEN

Gold very early morning trading: 2390.60

silver:$28.08

USA dollar index early MONDAY morning: 104.27 UP 20 BASIS POINTS FROM FRIDAY’s CLOSE.

MONDAY MORNING NUMBERS ENDS

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And now your closing MONDAY NUMBERS 1: 30 AM

Portuguese 10 year bond yield: 2.991% DOWN 6 in basis point(s) yield

JAPANESE BOND YIELD: +1.023% DOWN 3 AND 2/ 100 BASIS POINTS /JAPAN losing control of its yield curve/

SPANISH 10 YR BOND YIELD: 3.184 DOWN 4 in basis points yield

ITALIAN 10 YR BOND YIELD 3.7114 DOWN 4 points in basis points yield ./ THE ECB IS QE’ ING ITALIAN BONDS (BUYING ITALIAN BONDS/SELLING GERMAN BUNDS)

GERMAN 10 YR BOND YIELD: 2.363 DOWN 4 BASIS PTS

END

IMPORTANT CURRENCY CLOSES FOR MONDAY

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

Euro/USA 1.0807 DOWN 0.0014 OR 14 basis points

USA/Japan: 154.04 UP 0.468 OR YEN IS DOWN 47 BASIS PTS

Great Britain 10 YR RATE 4.087 DOWN 3 BASIS POINTS //

Canadian dollar DOWN .0037 OR 37 BASIS pts to 1.3859

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The USA/Yuan, CNY ON SHORE CLOSED DOWN AT 7.2607 (ON SHORE)

THE USA/YUAN OFFSHORE: (YUAN CLOSED (DOWN)…. (7.2722)

TURKISH LIRA: 33L02 EXTREMELY DANGEROUS LEVEL/DEATH WATCH/HYPERINFLATION TO BEGIN.//ON DEATH WATCH

the 10 yr Japanese bond yield at +1.023…

Your closing 10 yr US bond yield DOWN 2 in basis points from FRIDAY at 4.178% //trading well ABOVE the resistance level of 2.27-2.32%)

USA 30 yr bond yield 4.425 DOWN 3 in basis points /12.00 PM

USA 2 YR BOND YIELD: 4.396 UP 1 BASIS PTS.

GOLD AT 11;30 AM 2391,00

SILVER AT 11;30: 27.82

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

London: CLOSED UP 11.66 PTS OR 0.14%

German Dax : CLOSED DOWN 90.69 PTS OR 0.49%

Paris CAC CLOSED DOWN 73.84 PTS OR 0.90 %

Spain IBEX CLOSED DOWN 48.10 OR 0.43%

Italian MIB: CLOSED DOWN 168,20 PTS OR 0.50% PTS

WTI Oil price 76.85 12EST/

Brent Oil: 80.74 12:00 EST

USA /RUSSIAN ROUBLE /// AT: 86.50 ROUBLE DOWN 0 AND 49/100

GERMAN 10 YR BOND YIELD; +2.363 DOWN 3 BASIS PTS.

UK 10 YR YIELD: 4.087 DOWN 3 BASIS POINTS

CDN 10 YEAR RATE: 3.319 DOWN 3 BASIS PTS.

CLOSING NUMBERS: 4 PM

Euro vs USA 1.0825 DOWN 0.0029 OR 29 BASIS POINTS

British Pound: 1.2866 UP 0.0007 OR 7 basis pts

BRITISH 10 YR GILT BOND YIELD: 4.053 DOWN 6 BASIS PTS//

JAPAN 10 YR YIELD: 1.023

USA dollar vs Japanese Yen: 153.97 UP 0.400 YEN DOWN 40 BASIS PTS//

USA dollar vs Canadian dollar: 1.3850 UP 0.0029//CDN dollar DOWN 29 BASIS PTS

West Texas intermediate oil: 75.88

Brent OIL: 79.78

USA 10 yr bond yield DOWN 4 BASIS pts to 4.167

USA 30 yr bond yield DOWN 4 BASIS PTS to 4.420%

USA 2 YR BOND: DOWN 1 PTS AT 4.382

CDN 10 YR RATE 3.303 DOWN 4 BASIS PTS

USA dollar index: 104.30 UP 24 BASIS POINTS

USA DOLLAR VS TURKISH LIRA: 33.03 GETTING QUITE CLOSE TO BLOWING UP/

USA DOLLAR VS RUSSIA//// ROUBLE: 86.40 DOWN 0 AND 30/100 roubles

GOLD 2,382,29 3:30 PM

SILVER: 27.82 3;30 PM

DOW JONES INDUSTRIAL AVERAGE: DOWN 44.81 PTS OR 0.11%

NASDAQ UP 39.83 PTS OR 0.19 %

VOLATILITY INDEX: 16.27 DOWN 0.12 PTS OR 0.73%

GLD: $220.32 DOWN 0.31 OR 0.17%

SLV/ $25.44 DOWN 0.04 OR 0.16%

end

USA AFFAIRS

TODAY’S TRADING IN GRAPH FORM:

Crude, Crypto, & Small-Caps Clubbed Like A Baby Seal As Chaotic Week Looms

MONDAY, JUL 29, 2024 – 04:00 PM

As the “busiest week of the summer” looms, VIX remained elevated…

The plunge in Nasdaq/Russell 2000 took a brief respite today as the latter lagged. Nasdaq outperformed today, bouncing off unch early on. The Dow was unch by the close…

Goldman noted buyers on all sides:

Our floor tilts +5% better to buy with HF demand slightly outpacing LO demand
HFs are +7% better to buy concentrated in demand for HCare and Tech, followed by Cons Disc, Macro Prods & Utes. Supply is concentrated in Staples and a small sell bias in Fins
LOs are +3% better to buy but sector dispersion is VERY tight and in a +/-$60mm range with Macro Prods, HCare, Comm Svcs & Energy to buy vs. Fins, Cons Disc, Indust & Utes for sale. Tech flows are dead paired

…but in context, it’s a drop in the ocean…

Source: Bloomberg

…and it mostly appears the short-squeeze ammo ran out on Small Caps…

Source: Bloomberg

Bonds were vewy vewy quiet today with the long-end outperforming (30Y -3bps, 2Y unch)…

Source: Bloomberg

Rate-cut expectations rotated from 2024 to 2025 but overall were quiet…

Source: Bloomberg

But it was away from stocks and bonds where today saw some real action…

The dollar spiked back above its 50DMA…

Source: Bloomberg

Dollar’s gain was gold’s loss…

Source: Bloomberg

Crude prices also tumbled to near two-month lows…

Source: Bloomberg

Crypto was clobbered as the Biden admin decided to transfer $2BN of BTC from its SIlk Road stockpile. For context, that knocked BTC from $70k to $66500 (basically the lows from the weekend’s Trump address reaction)….

Source: Bloomberg

Interestingly, ETH outperformed BTC today (albeit roundtripping its own gains)…

Source: Bloomberg

Finally, the market is nervous about this week…

Source: Bloomberg

“over-hedged”?

MORNING TRADING/

AFTERNOON TRADING///

II USA DATA

III USA ECONOMIC COMMENTARIES

(Eric Lundrum/American Greatness)

special thanks to G. for providing this for us:

Rate Of Shoplifting Spikes Across US — Would it be because people can’t pay for their household/grocery items anymore!?!?

a man bought 45 items (he says a full month of groceries) two years ago for $145. WalMart’s software allows him to reorder that now. He tried it just as a test. The new price: $414. That’s an increase in two years of 185 percent! If we stretch that to three years assuming no inflation in the first, that’s an annualized increase of 61 percent. Over two years, it’s 92.5 percent. Adding in some inflation in the first year, we can round it to 100 percent annualized, which is hyperinflation by any measure.

Rate Of Shoplifting Spikes Across US

FRIDAY, JUL 26, 2024 – 05:00 PM

Authored by Eric Lundrum via American Greatness,

The rate of shoplifting saw a noticeable increase in the first half of 2024, even as the rates of other crimes fell to levels not seen since before the pandemic.

A close-up of a police car
Description automatically generated

According to the Daily Caller, a study by the Council of Criminal Justice (CCJ) determined that shoplifting rose by 24% in 23 different cities across the country, compared to the first half of 2023. That rate is also about 10% higher than the first half of 2019.

Meanwhile, the rates of homicide and robbery fell to lower than the levels seen in 2019.

“Shoplifting is a theft by someone other than an employee of the victim of an item displayed for sale,” the study clarifies.

“After a notable decline in the first few months of the COVID-19 pandemic … shoplifting dropped 15% from 2019 to 2020 and declined another 10% in 2021,” the report reads.

“Shoplifting increased 12% across the sample cities from 2022 to 2023, but by the end of 2023, the shoplifting rate was 10% lower than in 2019.”

Several of the most prominent cities to see shoplifting increases include Boston, which saw its 11.9% rate of shoplifting in May of 2020 surge to 42.4% in June of 2024, and Chicago, which previously had a rate of 14.8% in May of 2020 but skyrocketed to 41.4% in June of 2024.

Meanwhile, the first half of 2024 saw approximately 2% fewer homicides and 15% fewer robberies than the first half of 2019.

“The average homicide rate for the entire sample was 2% lower in the first half of 2024 than in the same period in 2019,” the study notes.

“The overall decline was driven by large drops in cities with traditionally high homicide rates, including Baltimore, Philadelphia, and St. Louis. Two-thirds of the sample cities (19 out of 29) actually had homicide rates that were higher in the first half of 2024 than in 2019.”

The spike in crime in the United States, particularly shoplifting, began in 2020 amidst the nationwide COVID lockdowns and simultaneous race riots that destroyed hundreds of businesses, caused billions in damage, and killed over two dozen civilians.

Looting was a frequent occurrence in cities struck by racial violence, which was overwhelmingly carried out by black nationalist groups like Black Lives Matter and the far-left anarcho-communist terrorist organization Antifa. Subsequent progressive efforts to curb the power of the police, including several cities outright defunding their police departments, led to the sustained and even increased rates of shoplifting and other crimes.

end

a sure sign of trouble in the USA economy

(zerohedge)

Big Mac Demand Drops At Micky D’s As Same-Store Sales Slide For First Time Since 2020

MONDAY, JUL 29, 2024 – 10:00 AM

McDonald’s reported disappointing Q2 results, missing both the average earnings and revenue expectations tracked by FactSet. The largest fast-food chain in the country reported the first quarterly decline in same-store sales since Q4 2020, as sliding Big Mac demand is evident of low and mid-tier consumers being squeezed by elevated inflation and sky-high interest rates produced by failed Bidenomics.

“We are confident that Accelerating the Arches is the right playbook for our business and as consumers are more discriminating with their spend, we are focused on the outstanding execution of delivering reliable, everyday value and accelerating strategic growth drivers like chicken and loyalty,” MCD Chairman and CEO Chris Kempczinski wrote in a press release.

McDonald’s reported adjusted earnings of $2.97 per share for the quarter, down from $3.17 one year ago. This missed the average analyst estimate of $3.07 tracked by FactSet. Revenue was flat at around $6.49 billion, falling short of the average analyst estimate of $6.62 billion.

For the April-June period, sales at burger shops fell 1% worldwide. This was the first decline since Q4 2020, when the government-enforced shutdown and panic doom broadcasted by MSM kept everyone out of stores and hiding in their homes. In the US, same-store sales fell about 1%.

Here’s a snapshot of the second quarter financial performance (courtesy of MCD):

Global comparable sales decreased 1%, reflecting negative comparable sales across all segments:

US decreased 0.7%
International Operated Markets segment decreased 1.1%
International Developmental Licensed Markets segment decreased 1.3%

Continues:

Consolidated revenues were flat (increased 1% in constant currencies).
Systemwide sales decreased 1% (increased 1% in constant currencies).
Consolidated operating income decreased 6% (5% in constant currencies). Results included $97 million of pre-tax non-cash impairment charges and $57 million of pre-tax restructuring charges associated with Accelerating the Organization. Excluding these current year charges, as well as prior year pre-tax charges of $18 million, consolidated operating income decreased 2% (was flat in constant currencies).**
Diluted earnings per share was $2.80, a decrease of 11% (10% in constant currencies). Excluding the current year charges described above of $0.17 per share, diluted earnings per share was $2.97, a decrease of 6% (5% in constant currencies) when also excluding prior year charges.**

Here’s more color on comparable sales:

Same-store sales in Q2 have slipped into negative territory for the first time since Q4 2020.

Goldman’s Eric Mihelc and Scott Feiler’s take on MCD’s earnings this morning is as follows for their clients:

MCD +0.5%…Missed both comp sales/EPS as expected but focus is on recent/forward trends From Scott: “I am not arguing it’s good (it’s not), but the comps at -1% in total and -0.7% in the US are sort of in-line with where most expectations/bogies were into the quarter. The big factor for the stock will depend on what they say about QTD and the reception to the value launch (end of June) when they speak on the call. The print alone is not a huge surprise and likely won’t have a big impact to MCD shares or the group. Details: 2Q EPS of $2.97 vs Consensus $3.07, with total comps -1% vs Consensus +0.4% and US comps -0.7% vs Consensus +0.5% (we think bogey was -1%). International comps missed as well.

Here’s what other Wall Street analysts are saying about MCD’s ER (courtesy of BBG):

Bernstein (market perform), Danilo Gargiulo

“Despite missing on consensus, McDonald’s results were better than feared, especially in the US where the contraction was a mere -0.7% same store sales growth,” Gargiulo writes

He’s looking to gain a better understanding on the main cause of the international markets slowness and the “path toward recovery”

Citi (neutral) Jon Tower

US comps are “slightly better than feared,” as many investors were anticipating negative low-single digits, though IOM missed Citi/Street estimates by a “wide mark,” Tower writes

Adjusted Ebit was also a miss, with G&A expense a 5% headwind vs his estimate

Expects management comments on call to be “cautious” regarding the current state of the global consumer, with “value initiatives likely improving traffic, but mix a major headwind”

Consensus estimates are likely to move lower, and shares are likely to continue seeing pressure in the near term

Baird (outperform), David Tarantino

“The company held guidance ranges for key operating metrics (including unit growth, EBIT margin), but we expect a more muted comps outlook to lead to a slight downward revision to 2024-2025 EPS estimates,” Tarantino writes

Sensed that recent investor expectations called for US comps. flat to down 1%

Sees opportunity for the company to show improved fundamental performance in upcoming quarters, which can result in improved investor sentiment on the stock

Key focus area for call: perspective on recent demand trends, including initial performance for the $5 Meal Deal in U.S.; initiatives to support comps performance amid what looks to be “an increasingly challenging global macro backdrop”

TD Cowen (buy), Andrew Charles

“2Q results were challenged in the US as expected while IOM was negative, in-line with the bear thesis,” Charles writes

To him, key factor to determine today’s stock move will be conference call comments on plans to improve 2H traffic, which he thinks will include ongoing focus on value, and how this has resonated in July after $5 Meal Deal launch June 25

In early May, McDonald’s warned its cash-strapped customers were desperately seeking cheaper food. We noted at the time, “McDonald’s Admits Consumers Are Broke With Planned Reintroduction Of $5 Meal Deal.” The implementation of the $5 meal deal occurred on June 25, which was in the final days of last quarter.

Based on Q2 earnings, McDonald’s sliding Big Mac demand from cash-strapped consumers is an ominous sign that low/mid-tier households are under deep financial stress.

We’ve detailed for months about the onset of a consumer slowdown:

Days ago, a Bloomberg report provided some hope that the meal deal has spurred some demand in the current quarter:

About 93% of McDonald’s locations have committed to selling the bundle past the initial four-week window that started June 25, according to a memo seen by Bloomberg News. The timetables will vary across the country, with some locations planning to make it available through August.

Early performance indicates the meal deal “is meeting the objective of driving guests back to our restaurants,” McDonald’s said in a message signed by Tariq Hassan, chief marketing officer, and Myra Doria, national field president. “Driving guest counts ultimately propels our business and is the key to sustained growth,” they added.

MCD confirmed that this morning:

MCDONALD’S: NUMBER OF $5 MEAL DEALS SOLD ABOVE EXPECTATIONS

Shares of MCD are mixed in premarket trading in New York. On the year, shares are down 15%.

In recent weeks, we penned a note titled “Restaurant Stocks Slide As Wall Street Sours On Consumer.”

McDonald’s plans to extend the meal deal through the end of the year, signaling that executives are concerned the downturn in the consumer space could worsen from here.

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

END

NEWT GINGRICH

SWAMP NEWS

For 25 Minutes, Secret Service In Command Center Never Notified TrumBY TYLER DURDEN

SUNDAY, JUL 28, 2024 – 06:05 PM

While members of the Secret Service in a Butler, Pennsylvania command center were notified that an individual later identified as Thomas Matthew Crooks was acting suspiciously before he tried to assassinate Donald Trump, members of the former president’s secret service detail were not informed of the threat, according to the Washington Post.

Members of former president Donald Trump’s Secret Service detail and his top advisers have privately questioned why they were not informed that local police were tracking a suspicious person before that person opened fire on Trump at his July 13 rally in western Pennsylvania, according to people with direct knowledge of the concerns.

Approximately 20 to 25 minutes before Thomas Matthew Crooks shot at the former president, local countersnipers noticed him behaving strangely and sent his photograph to a command center staffed by state troopers and Secret Service agents, the head of Pennsylvania State Police told a congressional committee Tuesday.

According to three sources, members of Trump’s Secret Service detail have complained to confidants and others inside the agency that they were never made aware of the warning, and they had no idea that local countersnipers eventually lost track of Crooks – or that a local police officer who was hoisted onto the roof of the building saw Crooks perched there with a gun.

Trump was on stage a full eight minutes – roughly 20 minutes after Crooks was spotted and reported – before shots rang out, wounding Trump, critically wounding two others, and killing one rallygoer.

“Nobody mentioned it. Nobody said there was a problem,” Trump told Fox News in an interview last Monday. “They could’ve said, ‘Let’s wait for 15 minutes, 20 minutes, five minutes, something. Nobody said — I think that was a mistake.”

Meanwhile, the Secret Service, which initially lied about denying Trump additional security requests, is not talking.

“As it relates to communications at the rally, the Secret Service is committed to better understanding what happened before, during, and after the assassination attempt of former President Trump to ensure that never happens again,” said spox Anthony Guglielmi, the guy who lied about the denied security.

Trump’s team has been at odds with Secret Service headquarters over various requests that the agency denied, including more magnetometers at events, more countersnipers at some events and other specialty teams at other events, The Post has reported. The Secret Service and Trump’s team also repeatedly clashed over security and logistics at the Republican National Convention earlier this month.

The Butler, Pa., shooting is also emblematic of what some Secret Service critics say are chronic communication problems that have dogged the agency and contributed to serious security lapses. -WaPo

Yes, just a breakdown in communication. Nothing nefarious.

Also on Monday, then-Secret Service Director Kimberly Cheatle deflected when asked by House lawmakers why the Secret Service didn’t immediately delay Trump’s speech when local police reported a suspicious person – telling the committee that such reports are commonplace.

“At a number of our protected sites, there are suspicious individuals that are identified all the time,” she said. “It doesn’t necessarily mean that they constitute a threat.”

Cheatle – who resigned last week, admitted that the Secret Service was notified of a suspicious person at the Butler, PA rally “somewhere between two and five times,” and she didn’t know when Trump’s security detail was notified.

Turns out, they weren’t.

what an absolute joke!

Janet Yellen Seeks (Just) $78 Trillion To Fight Climate Change

MONDAY, JUL 29, 2024 – 01:10 PM

Authored by Mike Shedlock via MishTalk.com,

New Rule: When Jackasses demand money, they should have to state where the money comes from.

Image courtesy of the Visual Capitalist

Secretary of the Treasury Janet Yellen on Climate Change

Please consider Remarks by Secretary of the Treasury Janet Yellen at the Goeldi Museum in Belém, Brazil

Good afternoon. I am very glad to be here at the Goeldi Museum with Inter-American Development Bank President Ilan Goldfajn and Governor Helder Barbalho and to have spent the day engaging with ministers from the region and leaders from the IDB and the private sector. I have seen today and throughout my week in Brazil the value of three key aspects of the Treasury Department’s approach to advance the Biden-Harris Administration’s international climate and nature and biodiversity agenda: strengthening relationships with allies and partners; making the international financial architecture work better for countries; and harnessing the power of markets.

Climate change poses a daily and existential threat to individuals, communities, and countries. It harms human health, damages homes and businesses, and strains government budgets. It poses risks across sectors of our economies, from agriculture to infrastructure. And the harsh reality is that the people and countries with fewer resources to prepare and respond often must bear even greater costs.

In the Amazon and elsewhere, we also see another concerning trend: the unprecedented and accelerating loss of nature and biodiversity. Like climate change, this loss has wide-ranging impacts, from driving migration and fragility to increasing food and water insecurity. And we are in a vicious cycle: Climate change accelerates nature and biodiversity loss, while this loss turns carbon sinks into carbon sources and eliminates natural infrastructure that supports resilience to climate change.

But being so close to the magnificent Amazon is also a reminder that the transition to a lower-carbon global economy is also the single greatest economic opportunity of the twenty-first century. The transition will require no less than $3 trillion in new capital from many sources each year between now and 2050. This can be leveraged to support pathways to sustainable and inclusive growth, including for countries that have historically received less investment.

The Math

$3 Trillion per year * 26 Years = $78 trillion.

Not to worry, the $78 trillion will come from “many sources”.

Uh… like US taxpayers? Printing presses?

Yellen did not say. So, let’s assign the cost as a Percentage of Global GDP per Visual Capitalist.

$78 Trillion Allocated by Global GDP

US: $78T * 0.263 = $20.51T
EU: $78T * 0.173 = $13.49T
China: $78T * 0.169 = $13.18T
Japan: $78T * 0.038 = $2.96T
India: $78T * 0.038 = $2.81T
UK: $78T * 0.032 = $2.50T
Rest of World: $22.55T

The US share is a mere $20.51 Trillion. That’s only $789 billion per year.

Of course, this assumes the entire rest of the world kicks in their fair share.

In addition, we need to add free universal health care, free college education, free child care, guaranteed living wages, and all the rest of the Progressive nutcase ideas.

And we need open borders too.

The whole world will want to move here. This is how you become a socialist mecca, just like Venezuela.

And who wouldn’t want that?

If You Thought Biden Was Bad, Look at the Promises of Kamala

Meanwhile, on our way to becoming a socialist mecca, please consider If You Thought Biden Was Bad, Look at the Promises of Kamala

Kamala Harris is off and running with a mind meld of the most progressive policies of Biden, AOC, and California governor Gavin Newsom.

KING REPORT

The King Report June 29, 2024 Issue 7293

Independent View of the News

June Personal Income 0.2%, 0.4% exp., Spending 0.3% as exp., PCE Price Index 0.1% m/m & 2.5% y/y as expected; Core PCE 0.2% m/m as expected but 2.6% y/y, 2.5% expected.

July UM Sentiment 66.4, 66.5 exp., Current Conditions 62.7, 64.4 exp., Expectations 68.6, 67.5 expected, 1-year Inflation 2.9% as expected; 5-10-year Inflation 3.0%, 2.9% expected.

Though Core PCE y/y was a tad worse than expected, traders poured into stocks for a technical bounce and the Friday Afternoon Summer Rally. We noted that this is peak vacation season; so, the markets are exceptionally thin. This means a determined few can easily manipulate stuff.

@BobEUnlimited: Current monetary policy has been in place for nearly 2 years, and yet the US economy as a whole hasn’t slowed much. The argument that policy is far too restrictive at these levels just doesn’t align with the comprehensive macro data or financial market action. Thread.
https://x.com/BobEUnlimited/status/1816786575067394315

BBG’s @lisaabramowicz1: Almost a third of S&P 500 companies have reported Q2 results so far, and the spotlight is increasingly on sales. Only 43% of companies have managed to beat revenue expectations, which would be the lowest reading in five years…
    “Valuations of mega-cap tech were increasingly impossible to justify with anything but the most heroic forecast for future growth, earnings and monetary policy,” said James Athey, portfolio manager at Marlborough Group. “It’s inevitable that these kinds of extremes cannot persist.”…
https://finance.yahoo.com/news/markets-shake-investors-reverse-big-113425818.html

ESUs opened modestly higher on Thursday night and rallied steadily until the Nikkei closed. They then traded sideways, in a 10-handle range, until they commenced another rally leg after the 3 ET European opening. The rally peaked at 5488.00 near 5 ET. After a modest retreat, ESUs traded in a tight range until the range expanded after the US repo market opening at 7 ET.

The ESU range expanded into a megaphone formation after 9 ET. Eventually ESUs broke out after the 11:30 ET European close. US traders then eagerly bought stuff for the Friday Afternoon Summer Rally. ESUs hit a daily high of 5528.25 at 13:29 ET. Alas, the equity market has changed. When some traders started their liquidation for the weekend, they quickly realized that there weren’t many organic buyers in the market. ESUs sank to 5482.50 at 15:55 ET. The late manipulation put ESUs at 5501.25 at 15:59 ET.

Positive aspects of previous session
Stocks soared on dead cat, Summer Friday, Fang earnings season, and pre-Fed Week buying
Bonds rallied ¾ of a point on pre-Fed Week buying.
Oil and gasoline declined modestly.
MMM soared 23%, its biggest rally since at least 1980, on EPS of 1.93, 1.68 consensus

Negative aspects of previous session
ESUs and equities had a sharp afternoon decline
Gold rebounded sharply.

Ambiguous aspects of previous session
How much of the usual Fed Week Rally was coopted on Friday?

First Hour/Last Hour Action [S&P 500 Index]: 1st Hour from NYSE Open: Up; Last Hour: Up

Pivot Point for S&P 500 Index [above/below indicates daily trend to traders]: 5459.37
Previous session S&P 500 Index High/Low: 5488.32; 5330.70

Ex-USSS agent @dbongino: The Secret Service scandal is about to get A LOT worse. Apparently, Secret Service counter-sniper assets were routinely denied to the USSS Donald Trump Detail if the locations weren’t within “driving distance” of Washington DC. This is a shocking piece of information that Acting-Director Ron Rowe should immediately have to answer for. A trusted whistleblower sent this shocking piece of information during my show on Rumble yesterday.
    GOP Sen. @SenRonJohnson: Rest assured, Acting Director Rowe will have to answer this and many other questions at next Tuesday’s Senate hearing.

Charges dropped for most anti-Israel DC protesters after violent demonstrations
https://www.nbcmontana.com/news/nation-world/charges-dropped-most-anti-israel-dc-protesters-walk-free-after-violent-demonstrations-washington-dc-benjamin-netanyahu-capitol-police-us-attorneys-office-hamas-flag-burning

Yes, Virginia, it is irrefutable that there is a two-tiered justice system in the USA.

On Thursday, Dems tried to portray Kamala Harris as co-president, arranging for her to meet with Israel PM Netanyahu and then having her pontificate on the meeting. Just like Biden, Harris took no questions.

When the non-regime media asked if Harris was now in charge of foreign policy and/or a co-president, the WH tried to mitigate Harris’s Thursday presser. But it got worse for Team Kamala. After the meeting with Bibi, Harris, trying to act tough, ran her mouth about how she told Bibi he must end the war. Harris said that she “made clear my serious concern about the dire humanitarian situation (in Gaza)… It is time for this war to end.”  Harris claimed that she pressured Bibi to “get this deal done.”

Harris’s words could harm hostage deal talks, senior Israeli official says
https://www.jpost.com/israel-news/article-812014

Ex-Navy Intel: @JackPosobiec: Just heard Bibi laughed in Kamala’s face and blurted an audible “no” when she tried to get stern on a ceasefire by October, she got visibly nervous and just laughed back, awkwardly. All week I have been hearing chatter about preparations for Biden to resign eventually, and let Kamala take the reins. This is a big reason she did a public statement after the Bibi meeting and Joe didn’t. At this point, it’s only a matter of When.

@nicksortor: TRUMP TO NETANYAHU: “I think [Kamala’s] remarks were disrespectful… I actually don’t know how a person who’s Jewish can vote for her.” https://x.com/nicksortor/status/1816886009033797844

Team Kamala tried to mitigate the damage she created with ‘end the war’ demand. They sent out her husband, who is Jewish, to read a statement that claimed Kamala is “a strong supporter of Israel…”  https://x.com/RNCResearch/status/1816902918739783819
(Harris’s husband looked like a cross between a scared hostage and Joe reading a teleprompter.)

@sentdefender: Israeli Finance Minister Bezalel Smotrich calls for the Assassination of Hezbollah Secretary-General Hassan Nasrallah, following today’s Rocket Attack on a Soccer Match in Majdal Shams which resulted in the Death of 10 Children and Teenagers. (>30 injured)

@BarakRavid: Israeli Foreign Minister Israel Katz told me: “The Hezbollah attack today crossed all red lines, and the response will be accordingly. We are approaching the moment of an all-out war against Hezbollah and Lebanon.” (GOP-friendly pundits are blaming Kamala for emboldening Hezbollah.)

Reports said the US told Israel their response to Hezbollah should be ‘measured.’ Israel bombed Hezbollah on Saturday night.

Today – This is Fed Week. The money markets expect no rate cut. Equity types are braying for a rate cut. As noted above, it will be interesting to see if Friday’s explosive rally lessens the magnitude of the usual Fed Week Rally. Nevertheless, traders want to long for Microsoft’s results on Tuesday, Fed Day and Meta’s results Wednesday as well as Amazon and Apple’s results on Thursday.

This means dip buyers will be bold and aggressive unless the Fed or Powell spring a negative surprise.

Expected economic data: July Dallas Fed Mfg. Activity -14.2; Expected earnings: MCD 3.07, PG 1.37

S&P Index 50-day MA: 5432; 100-day MA: 5288; 150-day MA: 5154; 200-day MA: 4975
DJIA 50-day MA: 39,406; 100-day MA: 39,086; 150-day MA: 38,778; 200-day MA: 37,776
(Green is positive slope; Red is negative slope)

S&P 500 Index (5459.10 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 5379.87 triggers a sell signal
Daily: Trender and MACD are negative – a close above 5606.05 triggers a buy signal
Hourly: Trender is negative; MACD is positive – a close above 5500.38 triggers a buy signal

Biden camp suggests president quickly endorsed Kamala Harris to defy Barack Obama
A well-placed Democratic Party source said they have heard the same, telling The Post that Obama, former House Speaker Nancy Pelosi and New York Senator Chuck Schumer wanted to hold “a mini primary” which Obama believed Harris would not win. Multiple sources told The Post that Obama had wanted Arizona Senator and former astronaut Mark Kelly “at the top of the ticket” at the convention…
   “Obama knows she’s just incompetent — the border czar who never visited the border, saying that all migrants should have health insurance,” the source said. “She cannot navigate the landmines that are ahead of her.” https://nypost.com/2024/07/26/us-news/biden-camp-suggests-prez-quickly-endorsed-harris-to-defy-obama/

@amuse: More details behind the bloodless coup our nation just experienced from Seymour Hersh –
By Saturday, July 20, former President Barack Obama was deeply involved, and there was talk that he would place a call to Biden. It was not clear whether Biden had been examined or just what happened to him in Las Vegas. “The Big Three,” the official said, referring to former House Speaker Nancy Pelosi, Senate Majority Leader Charles Schumer, and House Minority Leader Hakeem Jeffries, continued to be directly involved. “On Sunday morning,” the official told Seymour Hersh, with the approval of Pelosi and Schumer, “Obama called Biden after breakfast and said, ‘Here’s the deal. We have Kamala’s approval to invoke the 25th Amendment.’” The amendment provides that when the president is determined by the vice president and others to be unfit to carry out the powers and duties of his office, the vice president shall assume those duties… https://x.com/amuse/status/1817318548668399836

@alx: Donald Trump on Joe Biden being forced to drop out of the 2024 election: “This was a coup of the presidency… they threatened him with the 25th Amendment.”
https://x.com/alx/status/1817361652406276127

@mirandadevine: Buried at the bottom of a loooong puff piece in the NYT about the supposedly perfect resume of Mark Kelly as potential Kamala VP pick is this rather significant problem: “A high-altitude surveillance ballon company he helped found with Chinese venture capital.”…
https://x.com/mirandadevine/status/1816925827126177975/photo/1

@pepesgrandma: Catch Mark Kelly, a Dem Senator, and possible Kamala Harris VP pick going Sham Wow for China! Catch him masterfully sell Ace Shaklee vitamins to the Chinese! While he rides a blaze to glory on a motorcycle with both Chinese and US flags on it! (On a more serious note, recall Mark Kelley was also just exposed for owning a high-altitude surveillance balloon company he helped found with Chinese venture capital.) https://x.com/pepesgrandma/status/1816979869764583682

@TrumpDailyPosts: FBI Director Christopher Wray told Congress yesterday that he wasn’t sure if I was hit by shrapnel, glass, or a bullet (the FBI never even checked!), but he was sure that Crooked Joe Biden was physically and cognitively “uneventful” – Wrong! That’s why he knows nothing about the terrorists and other criminals pouring into our Country at record levels. His only focus is destroying J6 Patriots, Raiding Mar-a-Lago, and saving Radical Left Lunatics, like the ones now in D.C. burning American flags and spray painting over our great National Monuments – with zero retribution. No, it was, unfortunately, a bullet that hit my ear, and hit it hard. There was no glass, there was no shrapnel. The hospital called it a “bullet wound to the ear,” and that is what it was. No wonder the once storied FBI has lost the confidence of America!

Trump Campaign Statement on General Election Debates: “Given the continued political chaos surrounding Crooked Joe Biden and the Democrat Party, general election debate details cannot be finalized until Democrats formally decide on their nominee. There is a strong sense by many in the Democrat Party – namely Barack Hussein Obama – that Kamala Harris is a Marxist fraud who cannot beat President Trump, and they are still holding out for someone “better.” Therefore, it would be inappropriate to schedule things with Harris because Dems very well could still change their minds.”

Fox News: Trump announces rally in Butler, Pennsylvania, site of assassination attempt
https://www.foxnews.com/politics/trump-announces-plan-hold-rally-pennsylvania-town-failed-assassination-attempt

Pompous and ignoble FBI Director Chris Wray is under well-deserved fire for claiming that he doesn’t know if a bullet or shrapnel hit Trump. GOP Sen. Johnson demanded that Wray resign. The FBI acted to mitigate the outrage that the loathsome Wray unleashed.

FBI Statement: “What struck former President Trump in the ear was a bullet, whether whole or fragmented into smaller pieces, fired from the deceased subject’s rifle.”

@JackPosobiec: Hearing USSS leadership upset with Wray and his shrapnel talk, only fueled more threats. They have asked Mayorkas via email to talk to him, state he is putting the nominee in danger.
That’s a massive escalatory admission, agencies never talk like this on channels subject to FOIA

@IAPolls2022: WSJ POLL: Do you approve or disapprove of the job Trump did as President? Approve: 51% (new high), Disapprove: 48%; Do you approve or disapprove of the job Kamala Harris is doing as Vice President? Approve: 41%, Disapprove: 50% 1,000 RV | 7/23-25 | ±3.1%… https://t.co/cY5xXfiW8t
(The WSJ poll has Trump +2; but WSJ polls have greatly underestimated DJT. In October 2016, the WSJ had Hillary +11 over Trump with LV)  https://www.wsj.com/public/resources/documents/16991NBCWSJMiddleOctoberPoll.pdf

@davidchapman141: General Election Poll: Trump 48% (+8); Harris 40%; other 8% – Democracy Institute LV. NOTE: Democracy Institute is famous for correctly predicting 2016.

Dems should be concerned that Trump is polling this strong in JULY, and with the regime media’s fawning over Harris and with the Harris Honeymoon in full bloom.

@BillMelugin_: In 2018, then Sen. Kamala Harris wrote to her colleagues, urging them to reject a request by the Trump admin for more Border Patrol agents & ICE beds.  “We urge you to reduce funding for the administration’s reckless immigration enforcement operations.”
https://x.com/BillMelugin_/status/1816922291290407188

Kamala Harris championed sanctuary city policies — and these migrant crimes could come back to haunt her https://trib.al/OPKj3Xe

@WarMachineRR: @kayleighmcenany exposes Kamala Harris’s role in pushing Prop 47 (that downgraded some felonies to misdemeanors) and how it fueled a massive crime wave in California: “Sounds like the nation has reason to be skeptical when she comes out as this tough on crime prosecutor.” https://t.co/QtuEFvvQVh

@mattdizwhitlock: A website has been set up for people to request refunds if they gave money to the Biden campaign when Joe Biden was at the top of the ticket – but now want it back because he’s not.
https://x.com/mattdizwhitlock/status/1816616075368534239

@DefiyantlyFree: Joe Biden tells Kamala she cannot institute gun control by executive order. Kamala says yes, I can.  https://x.com/DefiyantlyFree/status/1816728173473661116

@kylenabecker: Here it is Kamala Harris all but announces she is a communist. “Everyone ends up in the same place. And since we didn’t start in the same place, some folks might need more. EQUITABLE distribution.” Harris paraphrases Marx: “From each according to his ability to each according to his needs.” Sound familiar? “Equity” is just a rebranding of the failed idea of socialism.
https://x.com/kylenabecker/status/1816815246247411951

@EndWokeness: Footage found of VP Kamala Harris supporting DEFUND THE POLICE: “It’s about upending the system.” “We need to look at police budgets.” “More safety with more cops is wrong.”
https://x.com/EndWokeness/status/1816826741626634316

@RNCResearch: Marxist Kamala Harris brags about being a “leader” in the push to “get rid of the cash bail system in America.” Kamala has backed sanctuary cities, defunding the police, ending cash bail, and more — she can’t be trusted to keep our communities safe!
https://x.com/RNCResearch/status/1816878329586241831

@ClayTravis: Damn, this is a good ad. There is so much left-wing craziness out there from Kamala Harris it’s almost hard to focus on all of it: https://x.com/ClayTravis/status/1816654746352029730

@FoxNews: ‘EXTREME RADICAL’: Former President Trump says Vice President Harris’ agenda will send the U.S. into “third world status” during powerful remarks at Turning Point USA’s “The Believers Summit.” https://t.co/1cLKpMGFDA

Trump unloaded on Harris on Friday night at Turning Point Action: “Kamala Harris will destroy Medicare and Social Security…Flooding it with millions and millions of illegal aliens… they’re taking the jobs of Blacks… Hispanics… and union people.” https://x.com/RealAmVoice/status/1817024440825180403

@elonmusk: This is amazing (Attack ad on Kamala Harris) https://x.com/elonmusk/status/1816974609637417112

New Trump Rally Video Scorches Kamala for Pushing Dangerous Minnesota Bail Fund
https://dailycaller.com/2024/07/27/exclusive-trump-play-video-rally-slamming-kamala-encouraging-donations-bail-criminals-minnesota-freedom-fund/#google_vignette

22-year Fed prosecutor: @shipwreckedcrew: Someone needs to challenge the Harris campaign to put up or shut up on her comment earlier this week that: “I was a courtroom prosecutor. I prosecuted sex offenders, fraudsters, etc.” Really? Those should all be a matter of public record in the SF County Superior Court. List the case names that show her as the lead prosecutor.
    Let’s see the transcripts of her work in Opening Statements and Closing Arguments. I hear the reality is quite different than the “rep” she is claiming for herself.
Team Kamala and the MSM’s defense of Harris seems to be: ‘she wasn’t responsible for anything.’

Pennsylvania Democrat accuses Gov. Josh Shapiro of covering up sexual harassment, endorses NC Gov. Roy Cooper for VP https://t.co/KsupwEvVKA

Trump & Vance pounded Harris for be an extremist leftist on Saturday night in St. Cloud, Minn. Trump Blamed Biden-Harris’s weak leadership fand incompetence or the Hezbollah rocket attack on civilians.

Trump: “Kamala Harris administration means four more years of extremism weakness failure, chaos, and probably WWIII… That’s why this thing happened in Israel today…”
https://x.com/KarluskaP/status/1817363145821680114

@RSBNetwork: “I get angry at the incompetence I witness every single day”: President Trump SLAMS border czar Harris in St. Cloud, MN  https://x.com/RSBNetwork/status/1817360214934364306
“She is a card-carrying member of the San Francisco lunatic fringe.” — JD Vance on Kamala Harris in St. Cloud, MN.  https://x.com/RSBNetwork/status/1817343120440234196

@TrumpWarRoom @JDVance: Kamala wants to end cash bail, and what that means is that if you assault a police officer, you can be back on the street the very next day. When rioters and looters were burning American cities to the ground, Kamala Harris was raising money to bail them out of jail.
https://x.com/TrumpWarRoom/status/1817348019169157546
     Trump: Every voter in Minnesota needs to know that when the violent mobs of anarchists, looters, and Marxists came to burn down Minneapolis 4 years ago, I sent in the National Guard to save Minneapolis, while Kamala Harris sided with the arsonists and rioters, and raised money to bail the criminals out of jail.  https://x.com/TrumpWarRoom/status/1817366266459365629
   Trump: Kamala urged her followers to donate to the so-called Minnesota Freedom Fund, helping raise $35 million dollars to set loose violent offenders after they shot at police, looted stores, sexually assaulted innocent victims, and committed other heinous crimes. One of the criminals Kamala helped bail out of jail was Shawn Michael Tillman—a repeat offender who, with Harris’s help, was set free. He then went on to murder a man on a train platform in Saint Paul, shooting him six times in the head.
  Ultraliberal Kamala Harris will deliver crime, chaos, mayhem and death to our country. I will restore law and order, justice in America.  https://x.com/TrumpWarRoom/status/1817368835147608353

Trump: “She (Harris) was a failure at every stop. She was a failed vice president. She was a horrible district attorney. She destroyed San Francisco.” https://x.com/NanLee1124/status/1817363813131514134

@nicksortor: This is literally just the OVERFLOW CROWD of people that couldn’t get in to the Minnesota Trump Rally (Herb Brooks Arena) tonight… https://x.com/nicksortor/status/1817367613644603598

@joma_gc: Saddest thing ever. Kamala is holding a “rally” at a nursing home in NW Philly. 68 people are in attendance. The fact Kamala is having to campaign in Philly shows how bad their internal polls are. Meanwhile Trump is expanding the map in Minnesota.
https://x.com/joma_gc/status/1817331598917881938

Turley: The most chilling words today: I’m from NewsGuard and I am here to rate you
I wrote a Hill column criticizing NewsGuard, a rating operation being used to warn users, advertisers, educators and funders away from media outlets based on how it views the outlets’ “credibility and transparency.” Roughly a week later, NewsGuard came knocking at my door…
    It does not appear that NewsGuard makes the same objection to HuffPost or the New Republic or MSNBC, which run overwhelmingly liberal posts. Yet, alleged conservative or libertarian sites are expected to post a warning as if they were porn sites…
https://thehill.com/opinion/civil-rights/4795501-newsguard-censorship-conservative-speech/

Revolver News: After CrowdStrike Computer Catastrophe, Will Kamala-Microsoft Alliance Inflict Blue Screen of Death on Free Speech? – Microsoft remains steadfastly committed to the Democrat Party, and Kamala Harris in particular. Microsoft President Brad Smith was one of Kamala’s earliest donors in the 2020 primary… Microsoft has been in partnership with NewsGuard since its founding in 2018, even incorporating browser extensions informed by NewsGuard’s censorship recommendations… NewsGuard censorship rankings are embedded in Microsoft Teams…
https://revolver.news/2024/07/crowdstrike-computer-catastrophe-kamala-microsoft-alliance-blue-screen-of-death-on-free-speech/

@NoVA_Campaigns: Kerry Alberti is a 79yo living in Richmond VA suburbs, renting an apt for < $2000 per month. She allegedly has 22,619 Dem donations since ‘19, for $839,466 in 592 days. Utter fraud (ID theft) via @actblue. Yet ~$1K likely legit state @VA_GOPdonations. AGs like @JasonMiyaresVA…
https://x.com/NoVA_Campaigns/status/1815726234501849463

@IsraelRadar_com: High tensions ahead of opening ceremony of Paris Olympics; French security forces sealing off roads in capital; local police investigate threats against Israeli president, who will be at the ceremony, @ynetalerts reports. This may be the most dangerous Olympics in decades.
    Israeli Foreign Minister Katz: Israel has info on Iranian terror plans to target Israeli delegation to Paris Olympics & other participants; sabotage acts in French train system inspired by Iran axis.

French rail lines disrupted by ‘coordinated sabotage’ ahead of Paris Olympics opening ceremony
https://www.cnn.com/2024/07/26/europe/france-rail-network-disruption-paris-olympics-intl-hnk/index.html

The opening ceremony at the Olympics parodied the Last Supper with drag queens and an obese woman in an aureole
https://notthebee.com/article/the-opening-ceremony-at-the-olympics-parodied-the-last-supper-with-drag-queens-and-the-like

Olympics opening ceremony sparks outrage with drag queens parodying Last Supper: ‘Gone completely woke’ https://t.co/c0eMoyfuQ9

@johnondrasik: What would happen if the French mocked Mohammad and the Quran with transvestites in their Olympic opening ceremony?

Savannah Guthrie left ‘hot and bothered’ after 2024 Paris Olympics opening ceremony threesome moment – “They literally just showed a ménage à trois in the Olympic opening ceremony and the NBC team had no idea how to react lmfaoooooo,”…   https://nypost.com/2024/07/26/entertainment/savannah-guthrie-left-hot-and-bothered-by-2024-paris-olympics-opening-ceremony-threesome-moment/

@DrEliDavid: The organizers of Opening Ceremony in Paris Olympics are trying to fight the backlash to their disgusting show by removing the footage of it online.

Tech company (C-Spire) pulls Olympics advertising after opening ceremony display many deem to be anti-Christian    https://www.foxbusiness.com/markets/tech-company-pulls-olympics-advertising-after-opening-ceremony-display-many-deem-anti-christian

@visegrad24 Saturday night: After a massive power outage, Paris is now the City of (no) Lights”

This missive is being transmitted on Saturday night instead of Sunday because we will be traveling Sunday and on the road this week. We will NOT have access to Bloomberg and our usual data sources.  We will try to publish a letter each trading day – if we can procure internet access.

GREG HUNTER

SEE YOU ON TUESDAY

SHANGHAI GOLD (USD) FUTURES – QUOTES

GOLD: NUMBER OF NOTICES FILED FOR JUNE/2024. CONTRACT: 69 NOTICES FOR 6900 OZ or 0.2149 TONNES

total notices so far: 3751 contracts for 357100 Oz (11.667 tonnes)

FOR JULY:

SILVER NOTICES: 8 NOTICE(S) FILED FOR 0.040 million

OZ/

total number of notices filed so far this month : 6149 for 30.745 million oz

Mike Maharrey: Support sound money by reviving gold clause contracts

Six banks settle European bond price-fixing litigation in New York

Tepid tone emerged to the benefit of fixed and USD, earnings & Reeves ahead – Newsquawk US Market Open

EUROPEAN TRADE

EQUITIES

FX

FIXED INCOME

COMMODITIES

GEOPOLITICS

CRYPTO

APAC TRADE

Netanyahu rhetoric in focus, APAC trade continued the Wall St. momentum – Newsquawk Europe Market Open

US TRADE

EQUITIES

APAC TRADE

EQUITIES

FX

FIXED INCOME

COMMODITIES

CRYPTO

GEOPOLITICAL

EU/UK

Italy Becomes First G-7 Country To Restore Ties With Assad

Second Sabotage? French Internet Fiber Cables Severed, Causing Widespread Disruptions

Rebel Archbishop Slams Olympics’ “Vile Attacks On God” – Says Macron, Obama Married To Trans Men

Trump Tells Netanyahu A ‘Third World War’ Is Likely If He Loses In November

Hezbollah Moves Precision Missiles Into Place After Israel Says ‘Severe’ Retaliation Coming

Hezbollah, Lebanon or Iran: Who should bear the brunt of Israel’s response? – analysis

The choices – diplomacy or waging war against Hezbollah, Lebanon, or Iran – are not mutually exclusive.

Who should Israel go to war against?

Netanyahu held a security cabinet meeting late Sunday night at the Defense Ministry headquarters in Tel Aviv, following security consultations.

Gaza ceasefire will lead into Lebanon border ceasefire – Blinken

Erdogan threatens Israel: ‘Like we entered Karabakh and Libya – we will do the same to Israel’

Erdogan’s threats come amid a dramatic flare up in the nine-month cross-border war between the IDF and Hezbollah.

Turkey responds to Middle East crisis

Erdogan Suggests Sending Military To Gaza, Israel Says Fate Of Saddam Awaits Him

Pandemic 2.0: FDA To Grant Emergency Use Authorization (EUA) For mRNA Bird-Flu Shots (Just Like What Happened With COVID)

If Trump wins, a bird flu “pandemic” is likely

CDC: Measles Cases In US So Far This Year Already Triple 2023 Total

Migrant Shelter Outbreak

Symptoms

see 24 March 2021, Biden tasks Harris with tackling migrant influx on US-Mexico border; BBC: “US President Joe Biden has put Vice-President Kamala Harris in charge of controlling migration at the

southern border …Biden said he was giving her a “tough job” as she was “the most qualified person to do it”. So Biden said you were the BOSS, border ‘CZAR’; Nungaray’s rape & death was due to Harris

Now Megyn Kelly Says Kamala Harris ‘Slept Her Way’ Into Politics; again, I warn, pull back on that, you people will wrench female voters, independents, blue democrats, swing voters; FOCUS on the bad

policies by Kamala Harris, yes, she failed to release innocent men & give them fair trials while releasing guilty brutal ones who went on to rape & kill; failed on US border, failed on 25th amendment

Canada’s “Worst Decline In 40 Years”

Trudeau’s Canada in Decline

What Changed

What’s Next

Maduro Declared Venezuelan President For 3rd Term, But Opposition Claims Victory In ‘Stolen’ Election

Sanctions Did Not Destroy Venezuela… Socialism Did!

Crude, Crypto, & Small-Caps Clubbed Like A Baby Seal As Chaotic Week Looms

Big Mac Demand Drops At Micky D’s As Same-Store Sales Slide For First Time Since 2020

For 25 Minutes, Secret Service In Command Center Never Notified TrumBY TYLER DURDEN

Janet Yellen Seeks (Just) $78 Trillion To Fight Climate Change

Secretary of the Treasury Janet Yellen on Climate Change

The Math

$78 Trillion Allocated by Global GDP

If You Thought Biden Was Bad, Look at the Promises of Kamala

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