GOLD PRICE CLOSED UP $26.55 TO $2407.00

SILVER PRICE UP $0,61 TO $28.32

Gold ACCESS CLOSED $2383.35

Silver ACCESS CLOSED: $27.86

Bitcoin morning price:$65772 DOWN 664 DOLLARS. bankers doing a good job destroying the value of bitcoin

Bitcoin: afternoon price: $67,426 DOWN 490

dollars//

Platinum price closing UP $12.45 TO $964.95

Palladium price; DOWN $12.75 TO $895.05

END

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

*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: 2,377.300000000 USD
INTENT DATE: 07/29/2024 DELIVERY DATE: 07/31/2024
FIRM ORG FIRM NAME ISSUED STOPPED

624 H BOFA SECURITIES 8
690 C ABN AMRO 8

TOTAL: 8 8

JPMorgan stopped 0/8

GOLD: NUMBER OF NOTICES FILED FOR JUNE/2024. CONTRACT: 8 NOTICES FOR 800 OZ or 0.0249 TONNES

total notices so far: 3759 contracts for 357900 Oz (11.692 tonnes)

FOR JULY:

SILVER NOTICES: 26 NOTICE(S) FILED FOR 0.130 million

OZ/

total number of notices filed so far this month : 6175 for 30.875 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 UP $26.55 INVESTORS SWITCHING TO SPROTT PHYSICAL (PHYS) INSTEAD OF THE FRAUDULENT GLD/ NO CHANGES IN GOLD INVENTORY AT THE GLD:

/ /INVENTORY RESTS AT 843.17 TONNES

INVENTORY RESTS AT 843,17 TONNES

SLV/

WITH NO SILVER AROUND AND SILVER UP $0.61 AT THE SLV/WOW!! AGAIN???//HUGE HUGE MOVEMENTS

SMALL CHANGES IN SILVER INVENTORY AT THE SLV:A WITHDRAWAL OF 0.458 MILLION OZ OF SILVER VAPOUR IOUT OF THE SLV

// INVENTORY RISES TO 460.596 MILLION OZ/

INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV.

CLOSING INVENTORY: 460.596 MILLION OZ

Let us have a look at the data for today

SILVER//OUTLINE

SILVER COMEX OI FELL BY A FAIR SIZED 331 CONTRACTS TO 152,221 AND STALLING ON ITS MARCH TO THE RECORD HIGH OI OF 244,710, SET FEB 25/2020, AND THIS TINY SIZED LOSS IN COMEX OI WAS ACCOMPLISHED WITH OF OI FROM OUR SPREADERS/TAS WITH OUR SMALL LOSS OF $0.11 IN SILVER PRICING AT THE COMEX ON MONDAY’S TRADING ON SILVER. OUR HUGE LIQUIDATION ACCOMPANIED OUR SMALL NET GAIN OF 54 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 DESPITE THE SMALL LOSS IN PRICE AS WELL AS THE MASSIVE T.A.S. LIQUIDATION MENTIONED ABOVE. WE HAD A FAIR SIZED 385 EXCHANGE FOR PHYSICAL ISSUANCE AS WELL AS A HUGE 860 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 MONDAY NIGHT: 860 CONTRACTS. DESPITE MANY COMPLAINTS THAT THE CROOKS HAVE VIOLATED POSITION LIMITS DUE TO THE FACT THAT THE TAS ISSUED HAVE A VALUE OF ZERO (AS TO POSITION LIMITS FOR OUR CROOKED BANKERS). THE PROBLEM OF COURSE IS THAT THE CROOKS DO NOT LIQUIDATE THE TAS TOGETHER BUT SELL THE BUY SIDE FIRST AND THEN LIQUIDATE THE SELL SIDE TWO MONTHS HENCE. IT IS OBVIOUS MANIPULATION TO THE HIGHEST DEGREE BUT IT NATURALLY FELL ON DEAF EARS WITH OUR REGULATORS (OCC) WHEN THEY RECEIVED OUR COMPLAINTS.IT NOW SEEMS THAT THE OCC HAS ORDERED THE BANKS TO REDUCE ITS NEW LEVEL OF 1/2 TRILLION DOLLARS IN GOLD/SILVER DERIVATIVES AND THUS THE REASON FOR CONSTANT RAIDS. IT ALSO LOOKS LIKE THE FED (GOV’T) IS BEHIND EVERY DAY TRADING.

WE HAVE IN THE PAST YEAR SET ANOTHER RECORD LOW AT 114,102 CONTRACTS ///JULY 3.2023// OUR BANKERS WITH THE HELP OF SPECULATORS AND HIGH FREQUENCY TRADERS WERE SUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT FELL BY $0.11) AND WERE UNSUCCESSFUL IN KNOCKING ANY SILVER LONGS FROM THEIR PERCH AS WE HAD A SMAll SIZED GAIN OF 54 CONTRACTS ON OUR TWO EXCHANGES.

WE MUST HAVE HAD:

A FAIR SIZED 385 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 35,000 OZ

//NEW STANDING FOR SILVER//JUNE IS THUS 30.875 MILLION OZ

WE HAD:

/ FAIR SIZED COMEX OI LOSS //FAIR SIZED EFP ISSUANCE/ VI) HUGE SIZED NUMBER OF T.A.S. CONTRACT ISSUANCE 860 CONTRACTS)/

I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL removed 178 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 21 DAYS, total 21,774 contracts: OR 108.870 MILLION OZ (1036 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: 108.870 MILLION OZ (WILL BE A STRONG ISSUANCE MONTH/ A TOUCH OVER 100 MILLION OZ/)

RESULT: WE HAD A FAIR SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 331 CONTRACTS WITH OUR SMALL LOSS IN PRICE OF SILVER PRICING AT THE COMEX//MONDAY.,. THE CME NOTIFIED US THAT WE HAD A FAIR EFP ISSUANCE CONTRACTS: 385 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 30.875 MILLION OZ

WE HAVE A SMALL SIZED GAIN OF 54 OI CONTRACTS ON THE TWO EXCHANGES DESPITE THE TINY LOSS IN PRICE. THE TOTAL OF TAS INITIATED CONTRACTS TODAY: A HUGE SIZED 860 CONTRACTS,//HUGE FRONT END OF THE TAS CONTRACTS WERE LIQUIDATED DURING THE MONDAY COMEX TRADING WHICH ACCOUNTS FOR THE MAJOR PORTION OF THE COMEX OI LOSS/// MAJOR SHORT COVERING FROM OUR SPEC SHORTS AND ZERO LIQUIDATION OF LONGS. ALSO SOME OF OUR LONGS EXERCISED THEIR RIGHT AND TENDERED FOR PHYSICAL SILVER.

THE NEW TAS ISSUANCE MONDAY NIGHT (860) WILL BE PUT INTO “THE BANK” TO BE COLLUSIVELY USED AT A LATER DATE//AND MOST LIKELY TODAY., .

WE HAD 26 NOTICE(S) FILED TODAY FOR 0.130 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 LARGE SIZED 10,383 OI CONTRACTS TO 509,220 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 2217 CONTRACTS

WE HAD A LARGE SIZED DECREASE IN COMEX OI (10,383 CONTRACTS) OCCURRED DESPITE OUR SMALL LOSS OF $1.80 IN PRICE/MONDAY. 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 800 OZ QUEUE JUMP

NEW STANDING 11.692 TONNES

/ ALL OF THIS HAPPENED DESPITE OUR $1.80 LOSS IN PRICE WITH RESPECT TO MONDAY’S TRADING. WE HAD A GOOD SIZED LOSS OF 5822 OI CONTRACTS (18.10 PAPER TONNES) ON OUR TWO EXCHANGES., WITH THOSE LONGS REMAINING, TOTALLY OBLIVIOUS TO THE SMALL RAID ORCHESTRATED BY THE STUPID BANKS ONCE LONDON WAS PUT TO BED. OUR LONGS AT THE END OF THE DAY TENDERED FOR PHYSICAL GOLD VIA THE EXCHANGE FOR PHYSICAL ROUTE, MUCH TO THE ANGER AND HORROR EXHIBITED BY OUR MAJOR BANKER, THE FEDERAL RESERVE BANK OF NEW YORK.

E.F.P. ISSUANCE

THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A STRONG SIZED 4561 CONTRACTS:

The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 509,220

IN ESSENCE WE HAVE A FAIR SIZED DECREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 5822 CONTRACTS WITH 10,383 CONTRACTS DECREASED AT THE COMEX// AND A STRONG SIZED 4561 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI LOSS ON THE TWO EXCHANGES OF 5822 CONTRACTS.. WE HAD THE FOLLOWING TAS CONTRACTS INITIATED (ISSUED): A VERY STRONG 4531 CONTRACTS,

CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES

WE HAD A STRONG SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (4561 CONTRACTS) ACCOMPANYING THE LARGE SIZED LOSS IN COMEX OI OF 10,383 CONTRACTS/TOTAL LOSS FOR OUR THE TWO EXCHANGES: 5822 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 800 OZ QUEUE JUMP

//NEW STANDING /JULY 11.692 TONNES.

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

4) STRONG SIZED COMEX OPEN INTEREST LOSS 5) STRONG ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER///VERY STRONG T.A.S. ISSUANCE: 4531 CONTRACTS WHICH OUR CROOKS WILL USE PROBABLY IN WEDNESDAY’S ATTEMPTED RAID ON FIRST DAY NOTICE WHICH IS THEIR NORM.

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: 107,642 CONTRACTS OF 10,764,200 OZ OR 334.81 TONNES IN 21 TRADING DAY(S) AND THUS AVERAGING: 5125 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 21 TRADING DAY(S) IN TONNES 334.81 TONNES

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

THUS EFP TRANSFERS REPRESENTS 334.81 DIVIDED BY 3550 x 100% TONNES = 9.40% 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/SECOND HIGHEST ON RECORD

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: 334.81 TONNES (3RD HIGHEST EVER RECORDED EXCHANGE FOR PHYSICAL AND THE HIGHEST EVER RECORDED POST BASEL III)

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 FAIR SIZED 331 CONTRACTS OI TO 152,221 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 385 CONTRACTS

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

SEPT 385 and ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 385 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 331 CONTRACTS AND ADD TO THE 385 E.FP. ISSUED

WE OBTAIN A SMALL SIZED GAIN OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES OF 54 CONTRACTS

THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES TOTALS 0.27 MILLION OZ OCCURRED DESPITE OUR SMALL $.11 LOSS IN PRICE …THE MAJORITY OF THE OI LOSS WAS DUE TO SPREADER/T.A.S. LIQUIDATION

END

OUTLINE FOR TODAY’S COMMENTARY

1a/COMEX GOLD AND SILVER REPORT

(report Harvey)

b, ) Gold/silver trading overnight Europe,//GOLD COMMENTARIES

(Peter Schiff)

c) Commentaries from: Egon von Greyerz///Matthew Piepenburg via GoldSwitzerland.com, Pam and Russ Martens

ii a) Chris Powell of GATA provides to us very important physical commentaries

b. Other gold/silver commentaries

c. Commodity commentaries//

d)/CRYPTOCURRENCIES/BITCOIN ETC

2.ASIAN AFFAIRS//

TUESDAY MORNING/MONDAY NIGHT

SHANGHAI CLOSED DOWN 12.54 PTS OR 0.43% //Hang Seng CLOSED DOWN 236.43 PTS OR 1.37% // Nikkei CLOSED UP 57.32 OR 0.15%//Australia’s all ordinaries CLOSED DOWN 0.58%///Chinese yuan (ONSHORE) closed UP TO 7,2494 CHINESE YUAN OFFSHORE CLOSED UP TO 7.2652/ Oil DOWN TO 75.29 dollars per barrel for WTI and BRENT DOWN AT 79.20 Stocks in Europe OPENED MOSTLY GREEN

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

A)NORTH KOREA/SOUTH KOREA

outline

b) REPORT ON JAPAN/
OUTLINE

3 CHINA
OUTLINE

4/EUROPEAN AFFAIRS
OUTLINE

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
OUTLINE

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

7. OIL ISSUES
OUTLINE

8 EMERGING MARKET ISSUES
9. USA

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

GOLD

LET US BEGIN:

THE TOTAL COMEX GOLD OPEN INTEREST FELL BY A LARGE SIZED 10,383 CONTRACTS TO 509,220 WITH OUR SMALL LOSS IN PRICE OF $1.80 WITH RESPECT TO MONDAY’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 MONDAY’S SMALL LOSS 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 STRONG SIZED 4561 EFP CONTRACTS WERE ISSUED: : AUGUST 4561 & ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE: 4561 CONTRACTS.

ON A NET BASIS IN OPEN INTEREST WE LOST THE FOLLOWING TODAY ON OUR TWO EXCHANGES: A FAIR SIZED TOTAL OF 5822 CONTRACTS IN THAT 4561 LONGS WERE TRANSFERRED AS EXCHANGE FOR PHYSICALS TO LONDON AND WE HAD A LARGE SIZED LOSS OF 10,383 COMEX CONTRACTS..AND THIS FAIR LOSS ON OUR TWO EXCHANGES HAPPENED WITH OUR LOSS IN PRICE OF $1.80/MONDAY COMEX. THE EXCHANGE FOR PHYSICALS WILL BE USED BY CENTRAL BANKS, MONDAY 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 MONDAY NIGHT A STRONG SIZED 4531 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 (11.692 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: 11.692 TONNES

THE SPECS/HFT WERE SUCCESSFUL IN LOWERING GOLD’S PRICE( IT FELL BY $1.80 //// AND WERE SOMEWHAT SUCCESSFUL IN KNOCKING OFF SOME MINOR SPECULATOR LONGS. CENTRAL BANK LONGS THAT REMAINED EXERCISED FOR PHYSICAL. WE HAD A HUGE T.A.S. LIQUIDATION MONDAY NIGHT

WE HAVE LOST A TOTAL OI OF 18.10 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 800 OZ QUEUE. JUMP //NEW STANDING 11.692 TONNES

NEW STANDING FOR JULY: 11.692 TONNES

ALL OF THIS WAS ACCOMPLISHED WITH OUR LOSS IN PRICE TO THE TUNE OF $1.80

WE HAVE REMOVED 2217 CONTRACTS FROM THE COMEX TRADES TO OPEN INTEREST (CROOKS)//PRELIMINARY TO FINAL

NET LOSS ON THE TWO EXCHANGES 5822 CONTRACTS OR 582200 OZ (18.10

TONNES)

confirmed volume MONDAY 306,592 contracts//good

//speculators have left the gold arena

JULY 30 JULY GOLD CONTRACT

/ /// THE JULY 2024 GOLD CONTRACT

Gold	Ounces
Withdrawals from Dealers* Inventory in oz*	nil
Withdrawals from Customer* Inventory in oz*	160,755.000 OZ JPMorgan 5000 kilobars .
Deposit to the Dealer* Inventory in oz*	32,023.262 asahi
Deposits to the Customer* Inventory, in oz*	NIL oz
No of oz served (contracts) today	8 notice(s) 800 OZ 0.0249 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	3759 notices 375900 oz 11.692 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

1 dealer deposits:

i) Into ASAHI 32,023.262 oz

total dealer deposits: 32,023.262 oz

we have 0 customer deposits

total deposits NIL oz

withdrawals: 1

i)out of JPMorgan; 160,755.000 oz

5000 kilobars

TOTAL WITHDRAWALS 160,755.000 oz

Adjustment 2//customer to dealer

a) Asahi: 48,766.07 oz

ib) Brinks 157,507.767 oz

CALCULATIONS FOR THE AMOUNT OF GOLD STANDING FOR JULY

For the front month of JULY we have an oi of 8 contracts having LOST 61 contracts. We had 69 notices filed on MONDAY so we GAINED 8 contracts or an additional 800 oz will stand at the comex (0.02488 tonnes) as these guys took delivery on this side of the pond.

AUGUST LOST 33,997 CONTRACTS DOWN TO 33,806 CONTRACTS. WE HAVE 1 MORE READING DAY BEFORE THE BIG FIRST DAY NOTICE ON JULY 31. WE SHOULD HAVE A HUGE AMOUNT OF GOLD STANDING FOR AUGUST.

SEPT. GAINED 2304 CONTRACTS TO STAND AT 3865.

OCTOBER GAINED 1423 CONTRACTS UP TO 56,214 CONTRACTS

We had 8 contracts filed for today representing 800 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 8 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 0 notice(s) was (were) stopped (received) by J.P.Morgan//customer account

To calculate the INITIAL total number of gold ounces standing for July /2024. contract month, we take the total number of notices filed so far for the month (3759) x 100 oz ) to which we add the difference between the open interest for the front month of JULY 8( CONTRACTS) minus the number of notices served upon today (8 x 100 oz per contract( equals 375,900 OZ OR 11.692 TONNES.

thus the INITIAL standings for gold for the JULY contract month: No of notices filed so far (3759 x 100 oz +we add the difference for front month of JULY (8 X// , OI} minus the number of notices served upon today (8) x 100 oz which equals 375,900 oz (11.692 TONNES)

TOTAL COMEX GOLD STANDING FOR JULY: 11.692 TONNES WHICH IS HUGE FOR THIS NOT VERY ACTIVE DELIVERY MONTH IN THE CALENDAR.

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

COMEX GOLD INVENTORIES/CLASSIFICATION

NEW PLEDGED GOLD:

241,794.285 oz NOW PLEDGED /HSBC 5.94 TONNES

204,937.290 OZ PLEDGED MANFRA 3.08 TONNES

83,657.582 PLEDGED JPMorgan no 1 1.690 tonnes

265,999.054, oz JPM No 2

1,152,376.639 oz pledged Brinks/

Manfra: 33,758.550 oz

Delaware: 193.721 oz

International Delaware:: 11,188.542 oz

total pledged gold: 1,671,112.26 oz 51.98 tonnes

TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD: 17,835,609.704 OZ

TOTAL REGISTERED GOLD 8,147,698.735 ( 253,42 tonnes).

TOTAL OF ALL ELIGIBLE GOLD: 9,687,910.969 OZ

REGISTERED GOLD THAT CAN BE SERVED UPON: 6,476,586 oz (REG GOLD- PLEDGED GOLD)= 201.44 tonnes //

END

SILVER/COMEX

JULY 30/2024

INITIAL

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

Silver	Ounces
Withdrawals from Dealers* Inventory*	NIL oz
Withdrawals from Customer Inventory	1,057,588.920 OZ oz Asahi Brinks CNT Delaware .
Deposits to the Dealer* Inventory*
Deposits to the Customer Inventory	1,053,669.420 CNT ASAHI
No of oz served today (contracts)	26 CONTRACT(S) (.130 million OZ)
No of oz to be served (notices)	0 contracts (0.000 million oz)
Total monthly oz silver served (contracts)	6175 Contracts (30.875 MILLION oz)
Total accumulative withdrawal of silver from the Dealers* inventory this month*	NIL oz
Total accumulative withdrawal of silver from the Customer* inventory this month*

i) 0 dealer deposit/

total dealer deposit : nil oz

i) We had 0 dealer withdrawal

total dealer withdrawals: 0 oz

We had 2 customer deposits:

i) into CNT 465,557.200 oz

i) Into ASAHI 588,112.200 oz

total customer deposit 1053m669.406 oz

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

adjustment:1;

customer to dealer: Asahi 591,467.800 oz

customer withdrawals: 4

i) Out of BRINKS 3092,01 oz

II) Out of Delaware 580,052.294 0z

iii) Out of Asahi 465,557.200 oz

iv) Out of CNT 8887.416 oz

total withdrawal: 1,057,588.920 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: 26 CONTRACTS HAVING GAINED 1 CONTRACT(S). WE HAD 8 NOTICES FILED ON MONDAY SO WE GAINED 7 CONTRACTS OR AN ADDITIONAL 35,000 OZ WILL STAND AT THE COMEX

AUG, SAW A LOSS OF 348 CONTRACTS TO 812

SEPT SAW A LOSS OF 1970 CONTRACTS TO 107,817

TOTAL NUMBER OF NOTICES FILED FOR TODAY: 26 for 0.130 MILLION oz

CONFIRMED volume; ON MONDAY 70,625 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 6175 x 5,000 oz = 30.875 MILLION oz

to which we add the difference between the open interest for the front month of JULY( 26) and the number of notices served upon today 26 x (5000 oz) equals the number of ounces standing.

Thus the standings for silver for the JULY/2024 contract month: 6175 notices served so far) x 5000 oz + OI for the front month of JULY (26)x number of notices served upon today minus (26)x 5000 oz of silver standing for the JULY contract month equates to 30.875 MILLION OZ.

New total standing: 30.875 million oz.

There are 69.410 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!

GLD

JULY 30 WITH GOLD UP $26.55 ON THE DAY; NO CHANGES IN GOLD INVENTORY AT THE GLD// A /////INVENTORY RESTS AT 843.17 TONNES

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 30//WITH SILVER UP $0.61//SMALL CHANGES IN SILVER INVENTORY: A WITHDRAWAL OF 0.456 MILLION OZ OF SILVER VAPOUR INTO THE SLV/./// /INVENTORY RISES AT 460.596 MILLION OZ

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 460.596 MILLION OZ//

PHYSICAL GOLD/SILVER COMMENTARIES

1.PETER SCHIFF SCHIFF GOLD/MIKE MAHARRAY

Prepper Paradise: Gold’s Power When It All Goes Down

TUESDAY, JUL 30, 2024 – 06:30 AM

Via SchiffGold.com,

Society’s linear march forward is used to justify numerous seemingly innocuous lifestyle choices. The assumption that the way things have been is the way they will continue to be is the unquestionable tenet at the root of a carefree ideology that can lead to horrid unintended consequences when it all goes down.

People in developed western countries, particularly in the past 80 years, have experienced a level of stability and growth that has rarely been seen. This extremely small sample size of history has led many to bank on the success of their country as a grounding point for all other predictions of the future.

A small dive into the past could show that most nations fail or have changes of ownership fairly often. Nothing in this world is certain, but governments are particularly frail.

While governments in general should not be given our blind faith, we should be particularly wary of governments that seem to fit into historical patterns of pre-failure. The classic arc of strength to moral laxity and decadence to destruction is one to be particularly wary of, because of how many times it has occurred.

Americans and western Europeans with eyes to see could have very easily noticed how many boxes we check off when it comes to this particular type of societal degradation.

We seem to mirror the fall of Rome in particular with great accuracy.

The general carefree spirit of the enlightened “world citizen” causes little reflection when choosing investments.

The only question that is asked is, “in the circumstances of the recent past, which investments and type of investments have gained the most value?“

Stocks typically do quite well when individuals ask such a question. The gains of all stocks lose some luster when they are multiplied by the probability of societal collapse. The punishment for seeking the highest return possible will be meted out on the judgment day when returns become meaningless in comparison to food and water.

If society were to fall apart, most lucrative investments would be quick to disappear. Our society’s progression of wealth is primarily based on the fact that we have an incredible degree of specialization. The amount of communication and shipping needed to sustain this is not durable to the problems presented by any sort of collapse. The systems of commerce that we currently know are finely tuned and designed around governmental regulations. Even significant changes in regulations have proven problematic for many industries. Imagine how much more powerfully they would be impacted if they had neither the protection of the government, nor the ability to curry favor and limit competition. Some industries would be completely destroyed, such as subsidy-driven soy farming (not to mention that the demand for their crop is nearly fully based on the processing possible through intense specialization). The benefits of rapid gains in the stock market should be tempered with the knowledge that it is fundamentally a gamble on the success of our current institutions.

When the world rearranges based upon some huge shock to government or industry, few parts of our society will be recognizable. Churches and social clubs seem to be the most durable historically, because their existence is not predicated on any one type of government or industry. There’s no guarantee that any specific state will still treat a neighboring state as an ally. Shipping from farms in the central valley to the southwest could be restricted and millions would be forced to migrate or die. Depending on how much of state government remained intact, some necessary treaties could be made. City and town governments would have to step up into the sort of role the founders intended them to play. The only thing that is certain is that commerce would be much more local and specialization would be limited. More durable industry like small sustainable farms or local arts and crafts could arise in cities where property rights were enforced. All hell could break loose in cities that failed to fulfill their role as the safeguards of civilization.

In any of these scenarios, gold would provide a durable store of value. People who question its value in time of crisis have clearly never been to an unstable country. Gold is valued particularly highly when all other investments have hit the floor.

It does have use value in a way most investments don’t, yet it also is so universally accepted that it could allow for migration to other more stable countries if need be.

While some other investments may have flashy short term gains, gold can help protect against the overnight devaluation nightmares of so many assets when the world as we know it rearranges.

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

end

3.CHRIS POWELL AND DAILY GOLD/SILVER DISPATCHES

Brien Lundin: The metals bull market has begun and NOLA conference can be your guide to it

Submitted by admin on Mon, 2024-07-29 14:44 Section: Daily Dispatches

2:47p ET Monday, July 29, 2024

Dear Friend of GATA and Gold:

Gold Newsletter editor and publisher Brien Lundin writes today that a gold, metals, and mining bull market like the one of the 1970s has begun.

“Massive buying from unexpected sources (central banks and China) has propelled gold to record heights this year,” Lundin says. “This powerful new gold bull market has come as the factor everyone was expecting to drive the gold price higher — a Fed pivot to the rate-cutting side of the cycle — has been postponed.

But the Fed is mired in a debt trap, with interest expenses on the federal debt jumping over $1 trillion and increasing rapidly, and Powell & Co. are looking for any excuse to cut rates before something breaks. This inevitable event will light another fire under the red-hot metals market.”

That’s why investors may do well to consider attending the 50th anniversary New Orleans Investment Conference, over which Lundin will preside and where GATA Chairman Bill Murphy and your secretary/treasurer will be speaking. The conference will be held Wednesday through Saturday, November 20-23.

Also speaking will be:

James Grant, George Gammon, Rick Rule, Danielle DiMartino Booth, Brent Johnson, Dominic Frisby, Jim Iuorio, Peter Boockvar, James Lavish, Adrian Day, Mike Maloney, Dave Collum, Bob Prechter, Tracy Shuchart, Avi Gilburt, Adam Taggart, Russ Gray, and Robert Helms.

And more:

Lawrence Lepard, Alex Green, Nick Hodge, David Morgan, Gerardo Del Real, Mark Skousen, Jennifer Shaigec, Lobo Tiggre, Jordan Roy-Byrne, Jeff Clark, Mary Anne and Pam Aden, Dana Samuelson, Gary Alexander, Albert Lu, Omar Ayales, Rich Checkan, and Thom Calandra.

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

END

Jan Nieuwenhuijs: China’s gold conduit revealed, shows central bank did not stop buying in May

Submitted by admin on Mon, 2024-07-29 14:19 Section: Daily Dispatches

2:17p ET Monday, July 29, 2024

Dear Friend of GATA and Gold:

People who still believe official central bank data about gold reserves may do well to read today’s analysis from gold researcher Jan Nieuwenhuijs, who examines customs export data from the United Kingdom, where the major physical gold market is located, and discovers that plenty of gold was shipped to China in May even as the People’s Bank of China was saying it had paused its gold purchases.

END

Jan Nieuwenhuijs: China’s gold conduit revealed, shows central bank did not stop buying in May

Submitted by admin on Mon, 2024-07-29 14:19 Section: Daily Dispatches

2:17p ET Monday, July 29, 2024

Dear Friend of GATA and Gold:

Nieuwenhuijs writes: “‘Unreported’ PBoC gold purchases exploded when $300 billion in foreign exchange reserves from the Russian central bank were frozen by the West early 2022 due to the war. Notably, the UK began exporting 400-ounce bars to China in huge tonnages at the same time.

“Coincidence? I think not. Ever since then China has taken over gold price control from the West and broken the gold price’s correlation with ‘real rates.'”

The UK export data, Nieuwenhuijs adds, indicates that “UK gold exports to China are destined for the PBoC — although probably not every ounce of these flows is for the Chinese central bank. Clearly, the PBoC is accumulating more gold than it wants to disclose.”

Nieuwenhuijs’ analysis is headlined “PBoC Gold Conduit Revealed — Chinese Central Bank Did Not Stop Buying Gold in May” and it’s posted at the Gainesville Coins internet site here:

https://www.gainesvillecoins.com/blog/pboc-gold-conduit-revealed-chinese-central-bank-did-not-stop-buying-gold-in-may

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

END

David Morgan, Stefan Gleason discuss the future of sound money

Submitted by admin on Mon, 2024-07-29 11:29 Section: Daily Dispatches

11:30a ET Monday, July 29, 2024

Dear Friend of GATA and Gold:

In a new video at YouTube, financial letter writer David Morgan of The Morgan Report and Stefan Gleason, chairman of the Sound Money Defense League and president of Money Metals Exchange, discuss the league’s work to get the monetary metals exempted from state sales and income taxes. They also discuss the growing interest among state governments in holding gold and silver as reserve assets and the potential and difficulties involved in using gold and silver in payment systems for ordinary commerce.

The discussion is 53 minutes long and can be viewed here:

CHRIS POWELL, Secretary/Treasurer
Gold Anti-Trust Action Committee Inc.
CPowell@GATA.org

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/TUESDAY MORNING/MONDAY NIGHT

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

1.YOUR EARLY CURRENCY VALUES/GOLD AND SILVER PRICING/ASIAN AND EUROPEAN BOURSE MOVEMENTS/AND INTEREST RATE SETTINGS TUESDAY MORNING.7:30 AM

ONSHORE YUAN: CLOSED UP TO 7.2494

OFFSHORE YUAN: UP TO 7.2656

SHANGHAI CLOSED DOWN 12.54 PTS OR 0.43 %

HANG SENG CLOSED DOWN 235.43 PTS OR 1.37%

2. Nikkei closed UP 57.32 PTS OR 0.15%

3. Europe stocks SO FAR: ALL MOSTLY GREEN

USA dollar INDEX UP TO 104.38 EURO RISES TO 1.0829 UP 9 BASIS PTS

3b Japan 10 YR bond yield: FALLS TO. +1,002 Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 154.82 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: UP OFFSHORE: UP

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

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

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

3h European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund YIELD UP TO +2.3540/Italian 10 Yr bond yield UP to 3.716 SPAIN 10 YR BOND YIELD UP TO 3.175%

3i Greek 10 year bond yield UP TO 3.363

3j Gold at $2386.70//Silver at: 27.79 1 am est) SILVER NEXT RESISTANCE LEVEL AT $34.40//AFTER 28.40

3k USA vs Russian rouble;// Russian rouble UP 0 AND 10/ 100 roubles/dollar; ROUBLE AT 86.31

3m oil into the 75 dollar handle for WTI and 79 handle for Brent/

3n Higher foreign deposits moving out of China// huge risk of outflows and a currency depreciation. This can spell financial disaster for the rest of the world/

JAPAN ON JAN 29.2016 CONTINUES NIRP. THIS MORNING RAISES AMOUNT OF BONDS THAT THEY WILL PURCHASE UP TO .5% ON THE 10 YR BOND///YEN TRADES TO 154.82/ 10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 1.002% 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 0.8859as the Swiss Franc is still rising against most currencies. Euro vs SF: 0.9594 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: 4.170 DOWN 1 BASIS PTS…

USA 30 YR BOND YIELD: 4.425 DOWN 1 BASIS PTS/

USA 2 YR BOND YIELD: 4.392 UP 1 BASIS PTS

USA DOLLAR VS TURKISH LIRA: 33.09…

10 YR UK BOND YIELD: 4.0835 UP 3 PTS

10 YR CANADA BOND YIELD: 3.296 DOWN 1/2 BASIS PTS

2a New York OPENING REPORT

Futures Rise As Microsoft Earnings, Central Bank Avalanche Looms

TUESDAY, JUL 30, 2024 – 08:15 AM

After yesterday’s market reversal, US equity futures are higher but lacking the strength seen in EU markets. As of 7:50am, S&P and Nasdaq futures are 0.2% higher, with Mag7 stocks mixed and Semis are higher despite NVDA down -63bps and MSFT flat with closely watched earnings after the close. The yield curve is twisting steeper and 10Y yield is 1bps. The dollar is flat and commodities are lower across all 3 complexes. The macro data focus is on JOLTS and Consumer Confidence in what shapes up to be a quiet session ahead of a central bank bonanza that features the BOJ and the Fed tomorrow: both could impact the yield curve though no large moves are expected. The bond market is pricing no moves tomorrow for the Fed but is not pricing a small probability of a 50bps cut in Sept.

In premarket trading, CrowdStrike dropped 4% after a CNBC report about Delta Air Lines hiring attorney David Boies to seek potential damages from the cyber security company and Microsoft following the widespread outage earlier this month. JetBlue Airways gains 4% after saying it will cut $3 billion in capital spending through 2029 and planning other measures to boost pre-tax income by as much as $900 million. Here are some of the other most notable US movers before the opening bell:

Amkor Technology falls 6% after the chip-packaging company provided a disappointing 3Q forecast.
Beyond Inc. climbs 7% as the household products retailer reported a smaller-than-expected adjusted loss per share for the 2Q.
F5 jumps 13% after the communications equipment company raised its full-year revenue guidance.
Howmet Aerospace rises 7% after the company boosted its adjusted earnings per share guidance for the full year.
Lattice Semiconductor falls 15% after the chipmaker forecast revenue for the 3Q that came in below the average analyst estimate. Analysts note that the weak outlook is a result of a slow recovery in the auto and industrial markets.
Merck & Co. slips 1% after the drugmaker cut its adjusted profit forecast for the full year.
Novavax slides 8% after JPMorgan downgraded the vaccine maker, saying share levels “substantially overvalue” the potential economics and revenue to Novavax from its collaboration with Sanofi.
PayPal rises 4% after boosting its forecast for 2024 profit as the firm remains focused on streamlining operations.
Pfizer rises 1.5% after raising its profit expectations for the year as it seeks to rebuild credibility with investors after a plunge in Covid-related sales.
Procter & Gamble slips 3% after reporting quarterly sales that missed analysts’ projections as the maker of Pampers diapers and Tide detergent slows its pace of price increases.
Rambus slumps 6% after the technology company forecast product revenue for the 3Q below analyst estimates.
Sprouts Farmers Market jumps 17% after the natural and organic food retailer boosted its full-year projections for comparable sales and profit.
Symbotic drops 19% after the warehouse robotics and automation firm forecast revenue for the 4Q that came in below the average analyst estimate.

An index tracking the so-called Magnificent Seven technology stocks lost almost 9% in the two weeks through July 26 after investors turned skeptical about the scope for returns from investment in artificial intelligence. The gauge rebounded by 1% on Monday with focus turning again to earnings after downbeat results from Tesla and Google last week. After the close, Microsoft reports earnings which will help determine whether megacaps can turn the tide after an underwhelming start to the reporting season. Apple, Meta and Amazon are due to report later this week.

“For anything AI related, we’ve been in the investment phase but now we want to see how it translates in terms of return on investment,” said Lionel Jardin, equity sales trader at Marex in Paris.

Also in focus are central bank decisions from the Bank of Japan and the Fed on Wednesday, followed by the Bank of England a day later. US policymakers are widely expected to keep rates unchanged at a two-decade high, but will signal a move in September as risks grow of imperiling a solid but moderating job market. Swap traders are currently pricing a full cut for the September-meeting and as much as two further reductions before the end of the year. Further clues about the rate path may come from reports on US consumer confidence and jobs openings due later on Tuesday. In Japan, the yen weakened against all its Group-of-10 peers as the BOJ kicked off a two-day policy meeting on speculation that policy tightening would be too slow to dent the appeal of yen-funded carry trades.

Europe’s Stoxx 600 index advanced 0.5% after the euro-area economy expanded more than expected in the second quarter (even as Germany’s economy contracted), easing fears about the pace of an economic recovery.

Technology and retail shares leading gains, while mining and food beverage stocks are the biggest laggards; the FTSE 100 underperforms with a 0.5% fall as material names weigh on the broader market. Here are the biggest movers Tuesday:

BP shares gain as much as 3.3%, the biggest increase since April, after the UK oil and gas company’s 2Q income beat estimates and it maintained the pace of its share buybacks
Sika shares rise as much as 4.7%, the most since Feb. 16, with analysts saying that gross margin was the main positive surprise in the Swiss chemical company’s results
Standard Chartered shares advance as much as 6.4% after the British lender announced a record $1.5 billion buyback that was better than analysts expected
St James’s Place shares soar as much as 25%, the biggest intraday gain since September 2008, after the UK wealth manager reported first-half net inflows that came ahead of consensus expectations
Allfunds shares soared as much as 8.4%, best performer on the Stoxx 600 Banks Index, after the fund distribution platform reported soaring 2Q adj. Ebitda
Greggs shares advance as much as 6.3%, reaching the highest intraday level since January 2022, after the bakery chain reported first-half results which analysts viewed as strong.
Poste Italiane shares gained as much as 4.3%, the most in almost two years after 2Q results beat estimates and the company raised its full-year guidance
Diageo’s shares fall as much as 11% to a 2020 low, after the distiller’s results disappointed analysts, with RBC calling the update “grim”
Glencore shares fall as much as 3.2%, hitting a four-month low, after production figures for some key commodities came in below expectations. Morgan Stanley warns earnings consensus could suffer hefty downgrades based on its first-half performance
Rexel slumps as much as 8.6%, the most since March 2023, after the electrical-supplies company said it now expects full-year adjusted Ebita margin to be toward the lower end of its guided 6.3% to 6.6% range
Sage Group shares fall as much as 8.3% as analysts said the software company’s earnings report indicates a slight slowdown in organic sales growth from the past two quarters

Earlier, Asian stocks fell as investors trimmed holdings before a number of key central bank decisions in coming days. Chinese shares extended recent losses amid weak sentiment despite the nation’s top leaders signaling more economic support. The MSCI Asia Pacific Index dropped as much as 0.9% before paring declines, with Tencent and TSMC among the biggest drags on tyhe gauge. Stocks in South Korea also fell, while Japanese benchmarks were mixed. The regional measure was on track for its first monthly decline since April. Investors took some money off the table as they braced for monetary policy decisions from the Bank of Japan and Federal Reserve on Wednesday. While traders are on alert for a potential interest-rate hike in Japan, there’s growing expectation for policy easing in the US.

In FX, the Bloomberg Dollar Spot Index is little changed as traders awaited US employment and consumer confidence data for clues on the Federal Reserve’s policy path. The Japanese yen falls for a second day, weakening 0.5% and briefly going beyond 155 per dollar for the first time in a week as the Bank of Japan kicked off a two-day policy meeting. Overnight-indexed swaps priced in a 35% chance that the BOJ will raise its policy rate by 15 basis points this week. The wide interest-rate spread between the US and Japan “should continue to buoy the USD/JPY exchange rate as long as global macro volatility remains restrained,” Alvin Tan, head of Asia foreign-exchange strategy at Royal Bank of Canada in Singapore, wrote in a research note. “We are forecasting USD/JPY rising to 164 by early next year.” The euro is up 0.1% after showing little reaction to a flurry of data from the bloc. Euro-area GDP rose more than expected in the second-quarter despite a surprise contraction in Germany, where state CPI readings point to a steady national print later today.

In rates, Treasuries held small gains as US trading gets underway Tuesday. Yields are lower by less than 1bp, with the 10Y yield dropping to 4.17%, and with curve spreads little changed; 2s10s, 5s30s reached least-inverted or steepest levels since May 2023 last week amid declines for US stock benchmarks and increased expectations for Fed rate cuts. German 10-year yields rise 1bps to 2.37%. The Stoxx 600 rises 0.3%, led by gains in technology shares. Treasury coupon auctions resume Aug. 6, with Treasury set to unveil August-to-October issuance plans Wednesday at 8:30am; Treasury officials in May said they anticipated steady note and bond auction sizes for “at least the next several quarters,” but strategists say increases are unavoidable thereafter.

In commodities, oil prices decline, with WTI falling 0.2% to trade near $75.70. Spot gold rises 0.2%. Commodities have erased all of their gains this year as a challenging outlook in China, combined with a selloff in US natural gas and losses in foodstuffs, have weighed on raw materials.

Crypto is mixed with Bitcoin under modest pressure after the weekend’s gains continued on Monday following on from Trump’s bullish commentary. Though, the downside thus far is somewhat limited with BTC currently between USD 66-67k.

Looking at today’s calendar, US economic data calendar includes May FHFA house price index and S&P CoreLogin home prices (9am), June JOLTS job openings and July Conference Board consumer confidence (10am) and July Dallas Fed services activity (10:30am). Fed officials have no scheduled appearances until after this week’s FOMC meeting ending Wednesday

Market Snapshot

S&P 500 futures little changed at 5,507.75
STOXX Europe 600 up 0.1% to 512.49
MXAP down 0.4% to 179.82
MXAPJ down 0.4% to 559.71
Nikkei up 0.1% to 38,525.95
Topix down 0.2% to 2,754.45
Hang Seng Index down 1.4% to 17,002.91
Shanghai Composite down 0.4% to 2,879.30
Sensex up 0.3% to 81,624.35
Australia S&P/ASX 200 down 0.5% to 7,953.18
Kospi down 1.0% to 2,738.19
German 10Y yield little changed at 2.37%
Euro up 0.1% to $1.0832
Brent Futures up 0.2% to $79.91/bbl
Gold spot up 0.2% to $2,389.79
US Dollar Index little changed at 104.57

Top Overnight News

Venezuela’s opposition said it can prove that Edmundo González won Sunday’s election by a wide margin. Leader María Corina Machado called for nationwide “citizen assemblies” in her first public statement since she was accused of plotting to sabotage the election. BBG
German output unexpectedly shrank last quarter, casting a shadow over resilient growth in the euro region’s next three biggest economies. GDP fell 0.1%, while both France and Spain grew more than predicted and Italy slowed only slightly. Euro-area expansion was 0.3%, a tad more than expected. BBG
Chinese leaders signaled on Tuesday that the stimulus measures needed to reach this year’s economic growth target will be directed at consumers, deviating from their usual playbook of pouring funds into infrastructure projects. RTRS
Samsung won long-awaited approval from Nvidia for a version of its high-bandwidth HBM3 memory chips, people familiar said, helping narrow the gap with rival SK Hynix. It also expects approval for the next gen version in two to four months. BBG
Nvidia is accelerating humanoid robotics development by offering new services, including NVIDIA NIM for robot simulation and learning, the OSMO orchestration service for robotics workloads, and a teleoperation workflow for training robots with minimal human demonstration data.
Amazon’s Prime Video is undercutting rival Netflix on advertising pricing, as it battles for marketers’ attention in an increasingly crowded field of ad-funded streaming services. FT
Trump says he will “probably” debate Harris, but “can also make a case for not”. ABC
Banks and other lenders are seizing control of distressed commercial properties at the highest rate in nearly a decade, a sign that the sector’s punishing downturn is entering its next phase and approaching a bottom. In the second quarter, portfolios of foreclosed and seized office buildings, apartments and other commercial property reached $20.5 billion, according to data provider MSCI. That is a 13% increase from the first quarter and the highest quarterly figure since 2015. WSJ
Apple utilized AI chips designed by Google to train its models instead of ones from Nvidia. RTRS
Berkshire Hathaway further pared its stake in BofA, bringing this month’s disposal to $3 billion. It still owns $39.5 billion worth at Monday’s closing price. BBG
Timiraos writes “The NY Fed’s measure of inflation persistence (the “multivariate core trend” rate) fell again in June, to 2.1%”, while he added “With meaningful shelter disinflation arriving in June, the declines in inflation are broadening”: WSJ
Former US President Trump said he would probably end up debating VP Harris but added that he could also make a case for not debating.

A more detailed look at global markets courtesy of Newqsuawk

APAC stocks were mostly pressured following the mixed performance stateside and with markets cautious as this week’s major risk events drew closer. ASX 200 was dragged lower amid underperformance in mining stocks after several quarterly production updates and with heavy losses in Fortescue after an investor sought to offload as much as AUD 1.9bln of shares, while a much wider-than-expected contraction in building approvals added to the glum mood. Nikkei 225 retreated amid cautiousness as the BoJ kick-started its two-day policy meeting where it will decide on taper plans and is expected to mull lifting its policy rate by 15bps to around 0.25%. Hang Seng and Shanghai Comp. conformed to the broad negative mood in which the former tested the 17,000 level to the downside with notable weakness seen in consumer, energy and tech stocks, while the mainland was subdued with Chinese official PMI data also due tomorrow.

Top Asian News

China customs official said China faces an increasingly uncertain trade environment and challenges to grow trade in H2.
Japan reportedly taps brokerages to market JGBs abroad as the BoJ steps back, according to Nikkei.
China’s Politburo has held a meeting to study the current economic situation, according to state media; has set out economic priorities for H2 2024. Domestic effective demand remains insufficient.

A mostly firmer start to the session, Euro Stoxx 50 +0.5%, with sentiment on a better footing than APAC counterparts as earnings take the spotlight ahead of this week’s risk events. Sectors have no overarching theme/bias with Autos strong and rebounding from recent pressure, Tech supported by ASML while Basic Resources have been dented by benchmark action. Breakdown dictated by earnings/data; DAX 40 +0.4% firmer but stalling after a soft Flash German GDP print and amid growing pressure in Heidelberg Materials post-earnings. FTSE 100 lags given pressure in mining and most banking names, though BP +2.2% and Standard Chartered +5.5% are strong post-earnings while Diageo -9.0% slips after warning of persisting challenges. Stateside, a modest positive bias remains in play into JOLTS and then earnings; ES +0.2% & NQ +0.2%. Stateside earnings docket has MSFT, AMD, MRK, PFE & PG.

Top European News

German Surprise GDP Drop Casts Shadow Over Euro-Area Growth
Indra Drops as Morgan Stanley Notes Strategic Plan Costs
Deutsche Bank’s DWS Resurrects Corporate Titles to Mollify Staff
BNY Mellon Cautious Against Excessive Optimism in Turkish Market
Germany Prelim 2Q GDP Falls 0.1% Q/q, Est. +0.1%
Diageo Hit By Latin America Slump as Drinkers Spend Less

DXY is largely contained vs. peers with specifics light into the week’s risk events; DXY is currently within yesterday’s 104.13-75 range. Upside sees the 50DMA @ 104.88 and 100DMA @ 104.89. Downside sees 10 and 200DMA both @ 104.32.
EUR marginally firmer after a slew of data prints which have been headlined by slightly hawkish German regional CPI and a better-than-expected GDP print for the bloc. EUR/USD at the top-end of 1.0815-34 parameters.
GBP is essentially unchanged with little follow-through from Reeves’ statement, focus remains firmly on Thursday’s BoE. Cable is currently well within yesterday’s 1.2807-1.2888 range.
JPY on the backfoot vs. USD, though has managed to pull away marginally from the USD/JPY 155.21 high for the session. Attention firmly on Wednesday’s BoJ which could potentially be hawkish and is then followed by the FOMC’s gathering.
NZD outperforms with nothing by way of fresh fundamental catalyst, NZD/USD is in the process of snapping an eight session losing streak; AUD essentially unchanged vs. USD.

Fixed Income

A relatively contained start before a packed morning of data points. EGBs are under modest pressure after a slightly hawkish set of German regional CPI numbers and a stronger-than-expected EZ Flash Prelim. GDP outing.
As such, Bunds at the low-end of a 133.09-43 range, the high printed early doors on a cooler Spanish Flash CPI release; Monday’s base at 132.72.
Gilts steady at the low-end of yesterday’s 98.34-98.93 parameters. Supply saw the first auction for the 4.25% 2034 line post strong results after a record setting syndication in June.
USTs are essentially flat. Holding a handful of ticks below Monday’s 111-16+ best. Docket headlined by JOLTS.
UK sells GBP 3.75bln 4.25% 2034 Gilt: b/c 2.93x, average yield 4.082%, tail 0.5bps
Italy sells EUR 7.75bln vs exp. EUR 6.5-7.75bln 4.10% 2029, 3.35% 2029 & 3.85% 2035 BTP and EUR 1.5bln vs exp. EUR 1.0-1.5bln 2032 CCTeu

Commodities

Crude benchmarks are flat/choppy following APAC losses which were largely a continuation of the weakness that has plagued the complex recently.
WTI & Brent in narrow circa. USD 0.50/bbl parameters and are currently around the mid-point of such bands.
Nat Gas is flat but with a mild upward tilt following another session of gains for Dutch TTF which settled higher by over 4% yesterday amid hotter weather forecasts for Asia.
Metals are mixed; precious metals are slightly firmer with gold at the top-end of a USD 20/oz band that is entirely contained by Monday’s USD 2369-2403/oz parameter; base metals pressured, but off worst.
Adnoc announces that the Satah Al Razboot field has attained a 25% increase in production capacity due to advanced technologies, taking it to 140k BPD.
Japan’s Eneos has restarted its 129k BPD Chiba CDU on July 28th following system issues, according to a spokesperson cited by Reuters.
BP (BP/ LN) CEO says European refining margins are struggling due to weak gasoline and diesel demand, BP expects global fuel inventories to fall during summer driving seasons and lift refining margins.
Ukraine is ready to resolve oil transit issues with Slovakia if Slovakia activates relevant mechanism in EU association agreement, according to the Ukrainian deputy energy minister.

Geopolitics: Middle East

US is leading a diplomatic push to deter Israel from targeting Beirut and southern suburbs in response to the Golan strike, according to Reuters citing sources.
Syrian Observatory said the Israeli army targeted with missiles a military site west of the city of Nawa in the western countryside of Daraa province, according to Sky News Arabia.

Geopolitics: Other

Russia’s Navy started drills involving 20,000 personnel and 300 ships, while drills involve Russia’s Northern, Pacific and Baltic fleets and Caspian Sea flotilla, according to Interfax
Venezuelan opposition leader Machado said the opposition has the ability to prove truth of election results, while a US senior official accused Venezuela’s Maduro government of “electoral manipulation”. It was also reported that Uruguay’s Foreign Minister said the country will never recognise Maduro’s win due to a clear victory of the opposition and Peru’s Foreign Ministry ordered Venezuelan diplomats to leave the country within 72 hours.

US Event calendar

09:00: May S&P CS Composite-20 YoY, est. 6.50%, prior 7.20%
09:00: May S&P/CS 20 City MoM SA, est. 0.30%, prior 0.38%
10:00: July Conf. Board Consumer Confidenc, est. 99.7, prior 100.4
- July Conf. Board Present Situation, prior 141.5
- July Conf. Board Expectations, prior 73.0
10:00: June JOLTs Job Openings, est. 8m, prior 8.14m
10:30: July Dallas Fed Services Activity, prior -4.1

DB’s Jim Reid concludes the overnight wrap

As we swelter here in London with insect bite marks building up a diversified portfolio on my body, markets are wilting a touch at the moment with Asia lower overnight and with the S&P 500 (+0.08%) just about managing to eke out a marginal gain last night after the last two weeks of declines, while bonds mostly posted modest gains. We did see a reverse rotation back into tech away from small caps as we’ll detail below. That all comes as investors face some crucial days ahead, with an array of major earnings announcements, data releases, and central bank decisions all happening that will be critical for the market narrative. That begins in earnest today, as we’ve got Microsoft’s results after the US close, along with the German and Spanish CPI prints for July, and the JOLTS report of job openings from the US. So plenty to keep us occupied as we build up to the BoJ and FOMC decision tomorrow and three additional Mag-7 earnings releases with Meta tomorrow and Amazon and Apple on Thursday.

With much to look forward to, the one event that did happen yesterday was the latest QRA borrowing estimates from the US Treasury. The borrowing estimate for Q3 was revised down from $847bn to $740bn, effectively in line with our US rates strategists’ expectations (here), while the Q4 borrowing estimate ($565bn) was slightly above their expectation. In any case, this did little to move markets unlike the shock of a big increase in supply this time last year. Longer dated yields rallied by a touch over 1bp on the announcement, with 10yr yields falling -2.0bps on the day. By contrast, 2yr yields ended the day +1.7bps higher at 4.40%.

Earlier in Europe, sovereign bond yields had seen more significant declines, driven by mounting anticipation that the ECB would cut rates several times over the year ahead. That was very clear from the front end of the curve, where yields on 2yr German debt were down -1.5bps to 2.58%, their lowest level since February. And here in the UK, the 2yr gilt yield fell -4.1bps to 3.84% after some weaker than expected data, which is the lowest it’s been since May 2023. So there’s a growing expectation that global central banks are increasingly moving towards a synchronised easing pattern, and that was echoed at the long end of the curve, where yields on 10yr bunds (-5.0bps), OATs (-4.5bps) and BTPs (-5.1bps) were also lower.

One trend that’s boosted the rate cut speculation has been ongoing declines in commodity prices, which are proving to be a very helpful tailwind on inflation. Indeed, yesterday saw Bloomberg’s Commodity Spot Index (-0.58%) hit its lowest level since March. That comes as metals prices have seen significant declines, with copper (-1.04%) falling for the 10th time in the last 11 sessions yesterday. Oil prices fell back yesterday as well, despite the fears of growing tensions in the Middle East, and Brent crude was down -1.66% to a 7-week low of $79.78/bbl. This morning in Asia, Brent crude prices are a further -0.51% lower.

As all that was going on, equities had muted days on both sides of the Atlantic, with the S&P 500 (+0.08%) eking out a marginal gain, while Europe’s STOXX 600 (- 0.20%) fell back. The notable theme was a reversal of the recent rotation trade, with the small cap Russell 2000 down -1.09%, while the Magnificent 7 (+1.01%) posted a second consecutive gain thanks to a rebound from Tesla (+5.60%). On the earnings front there wasn’t much happening yesterday (the bulk are coming today through to Thursday), but McDonald’s reported their first year-on-year decline in comparable sales since 2020 during the pandemic, so that offered another sign of potential consumer weakness that’s been showing up in other reports. That said, their share price was up +3.74%, and it was a good day for the restaurants subcomponent in the S&P 500 (+2.80%), with all 6 companies moving higher on the day. Meanwhile, energy stocks (-0.87%) led on the downside amid the decline in oil.

Here in the UK, the new Labour government made several fiscal announcements yesterday, including £5.5bn of savings over 2024-25, and £8.1bn for 2025-26. Some of that total included announcements already made, including the ending of the agreement with Rwanda on migration, but it also included new ones, including that Winter Fuel Payments would no longer be universal for the elderly, and that previous plans for reforms to adult social care charging would no longer go ahead. Looking forward, Chancellor Reeves also confirmed that the governments’ first Budget would take place on October 30. The announcements came as speculation mounted that the BoE might deliver their first rate cut of this cycle at their meeting this week, with investors dialling up the probability to 54%, up from 50% on Friday. That followed a weak batch of data yesterday, with the CBI’s retail sales volume survey falling to -43 (vs. -10 expected), whilst mortgage approvals were at 60.0k in June (vs. 60.3k xpected).

Asian markets are mostly trading lower this morning reversing much of the positive start to the week yesterday. Across the region, Chinese equities are underperforming with the Hang Seng (-1.10%) leading losses while the CSI (- 0.85%) and the Shanghai Composite (-0.59%) are also edging lower. Elsewhere, the KOSPI (-1.03%) and the Nikkei (-0.29%) are also trading in the red. S&P 500 (-0.25%) and NASDAQ 100 (-0.43%) futures are also moving lower.

Early morning data showed that Japan’s jobless rate dropped to 2.5% in June (v/s +2.6% expected) from a level of +2.6% in the previous month. Meanwhile, the jobs-to-applicants ratio slipped to 1.23 in June from 1.24 in May

To the day ahead now, and data highlights include the Euro Area Q2 GDP reading and the German CPI print for July. Meanwhile in the US, we’ll get the JOLTS job openings for June, the Conference Board’s consumer confidence for July, and the FHFA’s house price index for May. Finally, earnings releases include Microsoft, Starbucks, Pfizer and PayPal.

2B EUROPEAN REPORT

Modest positive bias into US data and numerous large-cap earnings – Newsquawk US Market Open

TUESDAY, JUL 30, 2024 – 06:20 AM

A mostly firmer start to the session, Euro Stoxx 50 +0.5%, with sentiment on a better footing than APAC counterparts as earnings take the spotlight ahead of this week’s risk events.
Stateside, a modest positive bias remains in play into JOLTS and then earnings which include MSFT, AMD, MRK, PFE & PG.
DXY largely contained vs. peers, JPY on the backfoot while NZD outperforms. EUR marginally firmer after a data deluge
Fixed benchmarks flat/softer, initial Spanish inflation/German GDP induced gains gave way to a slight bearish bias after hawkish regional CPI and robust EZ GDP
Crude benchmarks are flat/choppy, NatGas slightly firmer while metals are mixed with XAU within Monday’s range
Looking ahead, highlights include US JOLTS. Earnings from Merck, Paypal, Pfizer, Procter & Gamble, AMD, Microsoft, Mondelez & Starbucks.

Click for the Newsquawk Week Ahead.

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EUROPEAN TRADE

EQUITIES

A mostly firmer start to the session, Euro Stoxx 50 +0.5%, with sentiment on a better footing than APAC counterparts as earnings take the spotlight ahead of this week’s risk events.
Sectors have no overarching theme/bias with Autos strong and rebounding from recent pressure, Tech supported by ASML while Basic Resources have been dented by benchmark action.
Breakdown dictated by earnings/data; DAX 40 +0.4% firmer but stalling after a soft Flash German GDP print and amid growing pressure in Heidelberg Materials post-earnings. FTSE 100 lags given pressure in mining and most banking names, though BP +2.2% and Standard Chartered +5.5% are strong post-earnings while Diageo -9.0% slips after warning of persisting challenges.
Stateside, a modest positive bias remains in play into JOLTS and then earnings; ES +0.2% & NQ +0.2%. Stateside earnings docket has MSFT, AMD, MRK, PFE & PG.
Click for the sessions European pre-market equity newsflow
Click for the additional news
Click for a detailed summary

FX

DXY is largely contained vs. peers with specifics light into the week’s risk events; DXY is currently within yesterday’s 104.13-75 range. Upside sees the 50DMA @ 104.88 and 100DMA @ 104.89. Downside sees 10 and 200DMA both @ 104.32.
EUR marginally firmer after a slew of data prints which have been headlined by slightly hawkish German regional CPI and a better-than-expected GDP print for the bloc. EUR/USD at the top-end of 1.0815-34 parameters.
GBP is essentially unchanged with little follow-through from Reeves’ statement, focus remains firmly on Thursday’s BoE. Cable is currently well within yesterday’s 1.2807-1.2888 range.
JPY on the backfoot vs. USD, though has managed to pull away marginally from the USD/JPY 155.21 high for the session. Attention firmly on Wednesday’s BoJ which could potentially be hawkish and is then followed by the FOMC’s gathering.
NZD outperforms with nothing by way of fresh fundamental catalyst, NZD/USD is in the process of snapping an eight session losing streak; AUD essentially unchanged vs. USD.
Click for a detailed summary
Click for NY OpEx Details

FIXED INCOME

A relatively contained start before a packed morning of data points. EGBs are under modest pressure after a slightly hawkish set of German regional CPI numbers and a stronger-than-expected EZ Flash Prelim. GDP outing.
As such, Bunds at the low-end of a 133.09-43 range, the high printed early doors on a cooler Spanish Flash CPI release; Monday’s base at 132.72.
Gilts steady at the low-end of yesterday’s 98.34-98.93 parameters. Supply saw the first auction for the 4.25% 2034 line post strong results after a record setting syndication in June.
USTs are essentially flat. Holding a handful of ticks below Monday’s 111-16+ best. Docket headlined by JOLTS.
UK sells GBP 3.75bln 4.25% 2034 Gilt: b/c 2.93x, average yield 4.082%, tail 0.5bps
Italy sells EUR 7.75bln vs exp. EUR 6.5-7.75bln 4.10% 2029, 3.35% 2029 & 3.85% 2035 BTP and EUR 1.5bln vs exp. EUR 1.0-1.5bln 2032 CCTeu
Click for a detailed summary

COMMODITIES

Crude benchmarks are flat/choppy following APAC losses which were largely a continuation of the weakness that has plagued the complex recently.
WTI & Brent in narrow circa. USD 0.50/bbl parameters and are currently around the mid-point of such bands.
Nat Gas is flat but with a mild upward tilt following another session of gains for Dutch TTF which settled higher by over 4% yesterday amid hotter weather forecasts for Asia.
Metals are mixed; precious metals are slightly firmer with gold at the top-end of a USD 20/oz band that is entirely contained by Monday’s USD 2369-2403/oz parameter; base metals pressured, but off worst.
Adnoc announces that the Satah Al Razboot field has attained a 25% increase in production capacity due to advanced technologies, taking it to 140k BPD.
Japan’s Eneos has restarted its 129k BPD Chiba CDU on July 28th following system issues, according to a spokesperson cited by Reuters.
BP (BP/ LN) CEO says European refining margins are struggling due to weak gasoline and diesel demand, BP expects global fuel inventories to fall during summer driving seasons and lift refining margins.
Ukraine is ready to resolve oil transit issues with Slovakia if Slovakia activates relevant mechanism in EU association agreement, according to the Ukrainian deputy energy minister.
Click for a detailed summary

NOTABLE DATA RECAP

EU GDP Flash Prelim QQ (Q2) 0.3% vs. Exp. 0.2% (Prev. 0.3%); YY 0.6% vs. Exp. 0.5% (Prev. 0.4%)
EU Consumer Confidence Final (Jul) -13.0 vs. Exp. -13.0 (Prev. -13.0)
EU Selling Price Expectations (Jul) 6.8 (Prev. 6.1, Rev. 6.2); Consumer Inflation Expectations 11.2 (Prev. 13.1)
German Data Summary/Reaction (Regional CPI & Q2 GDP): A weak set of Q2 GDP data saw Bunds revisit the earlier 133.43 peak (printed on the Spanish Flash CPI numbers), thereafter a net slightly hawkish (vs. mainland exp.) set of German regional CPIs saw Bunds reverse and fall to 133.20. From the Regional CPI, expectations for the mainland M/M are perhaps subject to a modest upward skew vs. 0.2% (prev. 0.1%) consensus set before the regional release while the Y/Y view is broadly in-fitting at 2.2% (prev. 2.2%) as the regional numbers were somewhat mixed.
Spanish CPI YY Flash NSA (Jul) 2.8% vs. Exp. 3.1% (Prev. 3.4%); Core 2.8% (prev. 3.0%)
Spanish HICP Flash YY (Jul) 2.9% vs. Exp. 3.2% (Prev. 3.6%)
French GDP Preliminary QQ (Q2) 0.3% vs. Exp. 0.2% (Prev. 0.2%, Rev. 0.3%); Consumer Spending MM (Jun) -0.5% vs. Exp. 0.2% (Prev. 1.5%, Rev. 0.8%)
UK BRC Retail Shop Price Index YY (Jul) 0.2% (Prev. 0.2%)

NOTABLE US HEADLINES

WSJ’s Timiraos wrote “The NY Fed’s measure of inflation persistence (the “multivariate core trend” rate) fell again in June, to 2.1%”, while he added “With meaningful shelter disinflation arriving in June, the declines in inflation are broadening”.
Former US President Trump said he would probably end up debating VP Harris but added that he could also make a case for not debating.
Nvidia (NVDA) is accelerating humanoid robotics development by offering new services, including NVIDIA NIM for robot simulation and learning, the OSMO orchestration service for robotics workloads, and a teleoperation workflow for training robots with minimal human demonstration data.

GEOPOLITICS

MIDDLE EAST

US is leading a diplomatic push to deter Israel from targeting Beirut and southern suburbs in response to the Golan strike, according to Reuters citing sources.
Syrian Observatory said the Israeli army targeted with missiles a military site west of the city of Nawa in the western countryside of Daraa province, according to Sky News Arabia.

OTHER

Russia’s Navy started drills involving 20,000 personnel and 300 ships, while drills involve Russia’s Northern, Pacific and Baltic fleets and Caspian Sea flotilla, according to Interfax
Venezuelan opposition leader Machado said the opposition has the ability to prove truth of election results, while a US senior official accused Venezuela’s Maduro government of “electoral manipulation”. It was also reported that Uruguay’s Foreign Minister said the country will never recognise Maduro’s win due to a clear victory of the opposition and Peru’s Foreign Ministry ordered Venezuelan diplomats to leave the country within 72 hours.

CRYPTO

Crypto is a touch mixed with Bitcoin under modest pressure after the weekend’s gains continued on Monday following on from Trump’s bullish commentary. Though, the downside thus far is somewhat limited with BTC currently between USD 66-67k.
US SEC may be dropping it’s charges against so-called third-party tokens, such as Solana (SOL) and Polygon (MATIC), which have been part of its case against Binance, according to a court filing early Tuesday morning cited by CoinDesk.

APAC TRADE

APAC stocks were mostly pressured following the mixed performance stateside and with markets cautious as this week’s major risk events drew closer.
ASX 200 was dragged lower amid underperformance in mining stocks after several quarterly production updates and with heavy losses in Fortescue after an investor sought to offload as much as AUD 1.9bln of shares, while a much wider-than-expected contraction in building approvals added to the glum mood.
Nikkei 225 retreated amid cautiousness as the BoJ kick-started its two-day policy meeting where it will decide on taper plans and is expected to mull lifting its policy rate by 15bps to around 0.25%.
Hang Seng and Shanghai Comp. conformed to the broad negative mood in which the former tested the 17,000 level to the downside with notable weakness seen in consumer, energy and tech stocks, while the mainland was subdued with Chinese official PMI data also due tomorrow.

NOTABLE ASIA-PAC HEADLINES

China customs official said China faces an increasingly uncertain trade environment and challenges to grow trade in H2.
Japan reportedly taps brokerages to market JGBs abroad as the BoJ steps back, according to Nikkei.
China’s Politburo has held a meeting to study the current economic situation, according to state media; has set out economic priorities for H2 2024. Domestic effective demand remains insufficient.

DATA RECAP

Japanese Unemployment Rate (Jun) 2.5% vs. Exp. 2.6% (Prev. 2.6%); Jobs/Applicants Ratio 1.23 vs. Exp. 1.24 (Prev. 1.24)
Australian Building Approvals (Jun) -6.5% vs. Exp. -1.5% (Prev. 5.5%, Rev. 5.7%)

2C) ASIAN REPORT

APAC equities pressured with broader action rangebound into risk events – Newsquawk Europe Market Open

TUESDAY, JUL 30, 2024 – 01:35 AM

APAC stocks were mostly pressured following the mixed performance stateside as this week’s major risk events drew closer.
European equity futures indicate a rangebound open with Euro Stoxx 50 futures up 0.1% after the cash market finished with losses of 1.0% on Monday.
DXY was directionless overnight, JPY has lost ground to the USD, EUR/USD bounced off support above 1.08.
US refinancing estimates ahead of the QRA saw the Treasury lower its estimated financing needs.
Looking ahead, highlights include German CPI, EZ GDP, EZ Economic Sentiment, US JOLTs, Supply from UK & Italy.
Earnings from Airbus, L’Oreal, Fresenius Medical Care, Covestro, Diageo, Sage, St James’s Place, BP, Rio Tinto, Grifols, Leonardo, Intesa Sanpaolo, Merck, Paypal, Pfizer, Procter & Gamble, AMD, Microsoft, Mondelez & Starbucks.

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US TRADE

EQUITIES

US stocks finished mixed with price action choppy amid light catalysts and with no tier-1 data releases, while participants also lacked conviction ahead of this week’s major risk events including the BoJ and FOMC policy meetings, ISM Manufacturing PMI, NFP, key tech earnings and Quarterly Refunding.
SPX +0.1% at 5,464, NDX +0.2% at 19,059, DJIA -0.1% at 40,540, RUT -1.1% at 2,235.
Click here for a detailed summary.

NOTABLE HEADLINES

US Treasury expects to borrow USD 740bln (prev. 847bln) in Q3, assuming an end-September cash balance of USD 850bln and expects to borrow USD 565bln in Q4, assuming a year-end cash balance of USD 700bln.
WSJ’s Timiraos wrote “The NY Fed’s measure of inflation persistence (the “multivariate core trend” rate) fell again in June, to 2.1%”, while he added “With meaningful shelter disinflation arriving in June, the declines in inflation are broadening”.
Former US President Trump said he would probably end up debating VP Harris but added that he could also make a case for not debating.

APAC TRADE

EQUITIES

APAC stocks were mostly pressured following the mixed performance stateside and with markets cautious as this week’s major risk events drew closer.
ASX 200 was dragged lower amid underperformance in mining stocks after several quarterly production updates and with heavy losses in Fortescue after an investor sought to offload as much as AUD 1.9bln of shares, while a much wider-than-expected contraction in building approvals added to the glum mood.
Nikkei 225 retreated amid cautiousness as the BoJ kick-started its two-day policy meeting where it will decide on taper plans and is expected to mull lifting its policy rate by 15bps to around 0.25%.
Hang Seng and Shanghai Comp. conformed to the broad negative mood in which the former tested the 17,000 level to the downside with notable weakness seen in consumer, energy and tech stocks, while the mainland was subdued with Chinese official PMI data also due tomorrow.
US equity futures (ES -0.1%) were somewhat indecisive as major central bank rate decisions, key data and big tech earnings loom.
European equity futures indicate a rangebound open with Euro Stoxx 50 futures up 0.1% after the cash market finished with losses of 1.0% on Monday.

FX

DXY lacked direction in the absence of catalysts as participants brace for the incoming slew of risk events.
EUR/USD traded little changed but off worst levels following a rebound off support near the 1.0800 level.
GBP/USD was contained after yesterday’s choppy mood and with participants also awaiting the BoE on Thursday.
USD/JPY price action was indecisive as the BoJ began its 2-day policy meeting where a rate hike is seen as a close call.
Antipodeans saw two-way trade and ultimately shrugged off the negative mood and weak Australian building approvals.
PBoC set USD/CNY mid-point at 7.1364 vs exp. 7.2586 (prev. 7.1316).

FIXED INCOME

10-year UST futures traded sideways after yesterday’s flattening and as risk events loom, while the refinancing estimates ahead of the QRA saw the Treasury lower its estimated financing needs as expected and were at the lower end of forecasts.
Bund futures were rangebound but held onto recent gains after climbing back above the 133.00 level.
10-year JGB futures remained afloat as participants await tomorrow’s crucial BoJ policy announcement.

COMMODITIES

Crude futures were subdued after recent declines and as the downbeat sentiment offset the geopolitical risk premium.
US DoE finalised the purchase of 4.65mln bbls of crude for the SPR which is to be delivered to the Bayou Choctaw SPR site in Louisiana between October-December.
US is not currently considering revoking individual licenses previously granted to Chevron (CVX) and other companies for oil operations in Venezuela.
Spot gold was rangebound after recently pulling back from resistance at the USD 2400/oz level.
Copper futures were pressured alongside the risk-off mood, while Citi also recently lowered its copper average price forecast to USD 10.5k/ton in 2025 and USD 11k/ton in 2026 vs prev. forecast of USD 12k/ton for both years.

CRYPTO

Bitcoin was slightly lower after recovering most of the losses from an earlier dip to the USD 66,000 level.

NOTABLE ASIA-PAC HEADLINES

China customs official said China faces an increasingly uncertain trade environment and challenges to grow trade in H2.
Japan reportedly taps brokerages to market JGBs abroad as the BoJ steps back, according to Nikkei.

DATA RECAP

Japanese Unemployment Rate (Jun) 2.5% vs. Exp. 2.6% (Prev. 2.6%)
Japanese Jobs/Applicants Ratio (Jun) 1.23 vs. Exp. 1.24 (Prev. 1.24)
Australian Building Approvals (Jun) -6.5% vs. Exp. -1.5% (Prev. 5.5%, Rev. 5.7%)

GEOPOLITICAL

MIDDLE EAST

Israeli Defence Minister told US counterpart that the Golan Heights rocket attack was a significant escalation and Hezbollah will be held responsible.
Israeli Channel 14 reported that in Israel, they estimate the Israeli reaction against Hezbollah will lead to war.
US is leading a diplomatic push to deter Israel from targeting Beirut and southern suburbs in response to the Golan strike, according to Reuters citing sources.
Israel’s Foreign Minister called on NATO to expel Turkey as a member.
Syrian Observatory said the Israeli army targeted with missiles a military site west of the city of Nawa in the western countryside of Daraa province, according to Sky News Arabia.

OTHER

US President Biden’s administration announced a new USD 1.7bln lethal aid package for Ukraine.
Russia’s Navy started drills involving 20,000 personnel and 300 ships, while drills involve Russia’s Northern, Pacific and Baltic fleets and Caspian Sea flotilla, according to Interfax
Venezuelan opposition leader Machado said the opposition has the ability to prove truth of election results, while a US senior official accused Venezuela’s Maduro government of “electoral manipulation”. It was also reported that Uruguay’s Foreign Minister said the country will never recognise Maduro’s win due to a clear victory of the opposition and Peru’s Foreign Ministry ordered Venezuelan diplomats to leave the country within 72 hours.

EU/UK

DATA RECAP

UK BRC Retail Shop Price Index YY (Jul) 0.2% (Prev. 0.2%)

2D JAPAN

3 CHINA

CHINA/

end

4.EUROPEAN AFFAIRS//UK /SCANDINAVIAN AFFAIRS

GERMANY

WE ARE NOT SURPRISED WITH THIS!

(remix)

North African Crime-Rate Explodes In Germany

TUESDAY, JUL 30, 2024 – 03:30 AM

Via ReMix News,

The crime rate of North Africans is soaring higher in Germany, with Moroccans and Tunisians now responsible for one murder every six days on average. However, other serious crimes, including assault, stabbings, and rape, are exploding as well, with the German left-liberal government overseeing an incredible increase in crime while refusing to deport offenders.

Compared to 2019, murder cases involving Tunisians increased by 110 percent and 67 percent for Moroccans. Last year, a Tunisian or a Moroccan committed a murder every sixth day in Germany, according to data from the Federal Criminal Police Office.

@RMXnews

Germany: 11-year-old Moroccan participates in over 70 burglaries, leads youth gang.

Germany: 11-year-old Moroccan participates in over 70 burglaries, leads youth gang

From rmx.news

10:04 AM · Jul 25, 2024

1,017 Views

Germany: 11-year-old Moroccan participates in over 70 burglaries, leads youth gang. https://t.co/OxAX6trvnw
— Remix News & Views (@RMXnews) July 25, 2024

When it comes to sexual crimes such as rape, this group of North Africans is even more overrepresented in the crime data. The number of serious sexual offense cases like rape jumped 169 percent for Tunisians between 2019 and 2023 while Moroccans saw an increase of 65 percent in the same period, according to a report from Bild newspaper.

For assaults and robbery, nationals from these two North African nations were responsible for a total of 6,746 crimes in 2023, which equals 19 cases a day. This group of foreigners also is notorious for attacking police officers, with the number of such cases doubling since 2019.

The number of theft cases involving Moroccan suspects rose from 2,900 in 2019 to 5,501 cases in 2023, and among Tunisians by as much as 176 percent to 3,881 cases in 2023.

The only real numbers that are seeing any drop are in terms of deportations. In 2019, 319 Tunisians and 696 Moroccans were deported to their home countries. In 2023, these numbers fell to 273 Tunisians and 272 Moroccans — despite soaring crime from these two groups and an increasing number of people from these two countries arriving in Germany.

The migrant teen was handed a suspended prison sentence meaning he walked away from court on Thursday despite beating an opponent to death in an under-17s football tournament in Germany last year.

Moroccan who beat German teen to death during football tournament is spared jail

From rmx.news

7:15 AM · Mar 8, 2024

1,049 Views

The migrant teen was handed a suspended prison sentence meaning he walked away from court on Thursday despite beating an opponent to death in an under-17s football tournament in Germany last year. https://t.co/t5lVCqF85u
— Remix News & Views (@RMXnews) March 8, 2024

The problem has much to do with the ruling government, with the Greens refusing to label these two countries, well known as tourist destinations for Germans, as “safe countries.” Germans, and even these migrants themselves, routinely take their vacations in these nations.

Even ultra-violent and criminal migrants from these countries can remain in Germany for years without any potential for deportation. As Remix News reported last week, one Moroccan migrant has committed well over 100 crimes in the last 10 years — and despite a standing deportation order and multiple prison stints — he has never been deported back to this home country. Just this month, he triggered four police operations in a matter of 24 hours.

Johnr

@johnisitme

Germany: Moroccan migrant pushes 55-year-old passenger to his death at famed train station, had just been released by police for assault and pickpocketing https://rmx.news/article/germany-moroccan-migrant-pushes-55-year-old-passenger-to-his-death-at-famed-train-station-had-just-been-released-by-police-for-assault-and-pickpocketing/… via

@RMXnews

Germany: Moroccan migrant pushes 55-year-old passenger to his death at famed train station, had…

From rmx.news

12:28 PM · Jul 15, 2024

79 Views

Germany: Moroccan migrant pushes 55-year-old passenger to his death at famed train station, had just been released by police for assault and pickpocketing https://t.co/OxUOzQNvJY via @RMXnews
— Johnr 🏴󠁧󠁢󠁥󠁮󠁧󠁿🇬🇧🇺🇲🥋 (@johnisitme) July 15, 2024

Despite the numerous asylum claims from these nations, the rate of their cases being accepted as actual political persecution is close to zero percent. Most of them are, in reality, economic migrants who travel through numerous safe countries to enjoy Germany’s social welfare system. In many cases, these countries have no interest in taking back criminals who may cause serious problems in their host nation.

The crime rate is not only exploding for these two groups; Germany’s foreign population overall has brought a tremendous amount of criminality with it. In 2023, there was a record share of foreign crime in the data, with 41 percent of all crimes committed by foreigners. For serious crimes like rape and murder, foreigners account for 6 out of every 10 crimes.

Is this why Germany's @AfD performed so well in EU elections?

A powerful speech from @Alice_Weidel breaks down why Germans are increasingly abandoning the left-liberal government.

The AfD is now the second-biggest political force in German politics. pic.twitter.com/ArN8AXXIa9
— Remix News & Views (@RMXnews) June 10, 2024

It is important to note that German statistics do not tell the whole story either, as many of the murders are committed by German citizens who are actually of foreign origin and were naturalized as German citizens.

For instance, Berlin’s lead prosecutor has stated that three out of every four migrant clan members actually have German citizenship.

As a result, every time one of these gang members commits a crime, the police record it as a German committing a crime.

FRANCE

5/RUSSIAN AND MIDDLE EASTERN AFFAIRS

FRANCE/ISRAEL

Rouen synagogue arson: Community faces ongoing antisemitism and trauma despite repair efforts

Following a May arson attack on the Rouen Synagogue, the Jewish community faces ongoing antisemitism and trauma, despite repair efforts.

By MICHAEL STARRJULY 30, 2024 09:08

Damage at the synagogue in Rouen. (photo credit: CHEN SCHIMMEL) — Damage at the synagogue in Rouen.(photo credit: CHEN SCHIMMEL)

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fdiaspora%2Fantisemitism%2Farticle-812470&unitId=2900003088&userId=0984023a-6fcf-4b29-a5e6-1be85cfd6d0a&isLegacyBrowser=false&isPartitioningSupport=1&version=20240729_d9b1c4b4e389e89c58ca0ce87732d8e97203a069&useBunnyCDN=0&themeId=140&unitType=tts-player

Solitary beams cast a dim light in the Synagogue’s prayer hall in Rouen, France, let in through the same panel through which an arson attack marred the podium in May.

The ark’s face remained blistered and twisted from the flames that had clawed at the wood and paint from below. The pages of burned prayer book still lay curled by the empty ark. A black shadow of the blaze stained the wall, and crept high past the panel, dirtying the colored glass brick windows.

The stage had been torn up, leaving a bare floor. Renovations and repairs had begun but had been stalled by vacationing contractors. Yet the physical scars of the May 17 attack were not the only ones that were slow to heal. The community still grappled with the repercussions of the incident, and the antisemitism that lingered in the air like the smoky scent of burned buildings.

A man without residency permits had assumed that the Jewish community would be at prayer on Friday morning. He had climbed atop the synagogue with flammable materials and set them afire. He had hoped, according to synagogue treasurer Nisim Casanti, to burn out the Jews.

The waiting assailant planned to stab the Jews that had fled the flames. The plan failed to materialize, and instead, the attacker was confronted by police. Despite what a local had originally told The Jerusalem Post, the knifeman had not succeeded in stabbing an officer and had only attempted to as he was shot.

Burnt remains of a Jewish prayer book at the synagogue in Rouen, France. (credit: CHEN SCHIMMEL)

There was a moment of unity soon after when the rabbi, Jewish community president Natasha Ben Naim, and Interior Minister Gerald Darmanin gathered before the city hall, and recalled federal prefecture official Clemons Vives. Casanti said that the synagogue had good relations with its neighbors, and it wasn’t natives that were harassing the Jews.

Important to protect the community bonds

There had been a rise in antisemitism since the October 7 attacks by Hamas, and Vives assured that the government was trying to secure stronger ties with the police and intelligence agencies to protect the Jewish community.

While insurance and Jewish national bodies provided funds for the rededication and beautification of the synagogue, Vives aided in the development of better alarm systems and security infrastructure.

There is a long history of Jews in Rouen, Vives said, which is why it was so important to protect the community bonds.

Yet the antisemitism Ben Naim’s community lived with was much more than the ruins of their synagogue.

Every day, Casanti photographed graffiti in the area so that city officials could clean it up. He recalled some graffiti proclaiming “free Palestine” painted opposite the synagogue. The slogan was chanted by Arab men who hollered and made noise as they passed the house of worship. Resident placed their Mezuzahs, religious parchment, on the inside of their homes rather than on doorposts outside.

Ben Naim’s 19-year-old son was constantly bullied.

“You are a Jew,” he was told. “Your place is in the Holocaust.”

Once when walking down the street, a man spotted her son’s Magen David necklace and told him that “Hitler didn’t do his job until the end.”

The authorities dismissed the last incident as the ramblings of a mentally unwell man.

Now Ben Naim’s son doesn’t want to return from his visit to Israel. He wants to make Aliyah, and his 15-year-old brother already wants to follow in his footsteps.

“It is a difficult time in France, and the only place for Jews is Israel. There isn’t anything to be done here,” said Ben Naim.

Even with these words, she said that the community remained defiant. While services had largely moved to the Chabad house, they had of late instituted Friday morning prayers in the synagogue courtyard as a show of strength against antisemitism.

It was the same courtyard that held memorials for the community members who fell fighting in World War I and those deported to death camps during the Holocaust. The red drizzle from when a can of paint was flung at the building still marked the stone courtyard facade after a decade. The metal courtyard gate was the same that a man had banged on to apologize for attacking the rabbi and a congregant with a metal pole years ago.

It was the same town in which 84-year-old Christian priest Jacques Hamel’s throat was slit by Islamist terrorists in 2016. Each story remained with the residents, a scar laid on top of another. They told of each as though the wound was fresh and bare. The May arson was another scar in the collection. The repairs to the synagogue would begin anew in August, but for the 200 families of the Rouen Jewish community, the dark marks left by the arson would remain for years to come.

ISRAEL /SYRIA

Israel allegedly attacked military bases in southern Syria, Syrian media claims – report

By JERUSALEM POST STAFFJULY 30, 2024 02:30Updated: JULY 30, 2024 06:37

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Syrian media, cited by Ynet, reported late on Monday night and early on Tuesday morning that missiles from Israel were being launched at the southern rural area of Daraa.

A later report claimed that Israel was attacking the areas of Tel Jaiba and Tel Umm Khoran.

The reports later claimed that Israel attacked two military bases, according to Kan.

Israel has not confirmed the reports.

This is a developing story.

end

ISRAEL///HEZBOLLAH//HAMASUSA/

OPINION…

US response to Hezbollah attack on Majdal Shams influences regional dynamics – analysis

The US response to Hezbollah’s attack on Majdal Shams is closely watched, influencing regional perceptions and shaping US-Israel dynamics amid ongoing tensions.

By SETH J. FRANTZMANJULY 29, 2024 17:17

Israeli rescue forces seen at the site of a Hezbollah missile attack in the druze village of Majdal Shams, July 27, 2024. (photo credit: MICHAEL GILADI/FLASH90) — Israeli rescue forces seen at the site of a Hezbollah missile attack in the druze village of Majdal Shams, July 27, 2024.(photo credit: MICHAEL GILADI/FLASH90)

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In the wake of the Hezbollah attack on Majdal Shams, the US reaction has been watched closely in the region.This is part of a larger context in which countries have been watching how the US responded to the October Hamas attack and whether the US could get Hamas to release the hostages it took, including American hostages.

Some countries in the region have already hedged their bets on the future of the US role in the region. Others, such as Iran, are openly opposed to the US and have operationalized militias to attack US forces or attack ships.

This is important because perceptions of the US role in the region can sometimes feed the enemies of Israel. After all, those enemies perceive any US weakness or prevarication to be an opening. Similarly when the US projects strength those enemies, such as Hamas or Hezbollah may be less likely to escalate.

Hamas, for instance, did not seem to think it would face real consequences for the October 7 massacre. Its leadership lives in Qatar, which is a US ally. It likely saw how the Taliban had also moved to Qatar and had been able to take over Afghanistan in 2021. That means Hamas may have thought they could leverage the October 7 attack to take over the West Bank.

Hezbollah began its attacks on October 8, a day after the Hamas attack. It appears that the US moving a second aircraft carrier to the region, quickly turning it around after the Hamas attack, deterred Iran from pushing Hezbollah to widen the war.

People look on during the funeral of children killed by a Hezbollah rocket, in Majdal Shams, northern Israel, July 28, 2024 (credit: REUTERS/AMMAR AWAD)

Israel was worried that Hezbollah could launch an October 7-type attack and evacuated communities in northern Israel in the wake of October 7. Now, as Israel contemplates responding to the deadly Majdal Shams attack, it’s worthwhile to think about this larger context.

Concerns rise over new Hezbollah strategy

In a July 28 statement from US National Security Council Spokesperson Adrienne Watson on Rocket Attack on Majdal Shams, the NSC noted that “we have been in continuous discussions with Israeli and Lebanese counterparts since the horrific attack yesterday in northern Israel that killed several children playing soccer.”

The statement noted that “this attack was conducted by Lebanese Hezbollah. It was their rocket and launched from an area they controlled. It should be universally condemned… Our support for Israel’s security is ironclad and unwavering against all Iran-backed threats, including Hezbollah.” But what comes next? “The United States is also 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 safely return to their homes.”

This solution appears to mean that any Israeli retaliation should be limited. In addition, it means that Hezbollah will be left in charge in Lebanon. Hezbollah already showed that the US-backed maritime deal of 2022 was largely just a piece of paper and that it did not lead to a reduction in tensions, as was promised at the time.

Therefore Hezbollah expects that it can get away with murdering twelve children in Majdal Shams. This is what Hezbollah wants. It has carved out a new “equation” in northern Israel since October 8. It now claims a right to attack northern Israel whenever it wants. It also links its attacks to Gaza, so that every time there is escalation in Gaza, Hezbollah now says it can join and have a right to attack Israel.

This is a major setback for Israel because Hezbollah now wants a kind of zone of control inside Israel where it can attack at will. This is in contrast to the era when Israel was the one dictating the rules and carrying out a campaign between the wars in Syria. Now it is Hezbollah doing a campaign between the wars inside Israel.

De-escalation and ceasefires are a way to let Hamas continue to control Gaza, and Hezbollah continue to control Lebanon. Regional allies and partners are watching this closely. Saudi Arabia was already non-plussed by US policy on Yemen after 2015. Eventually, Saudi Arabia agreed to a deal with the Houthis and Riyadh reconciled with Tehran.

Together, Iran Saudi and other countries are seeking closer ties with Russia, China, and groups such as the SCO and BRICS. US partners are drifting away or hedging because they see that Iranian-backed groups are allowed to take over Lebanon, Syria, Yemen, and Iraq. Those groups now threaten Jordan and other countries. They also see how Israel has not received enough backing since October 7. They are watching the US electoral map closely.

The US has the power to continue to push for its policies in the region. It can project power back to friends and weaken enemies. However, just like during the Cold War, any perception of US weakness will invite adversaries to fill the perceived vacuum. Hezbollah and Hamas, along with the Houthis and militias in Iraq are seeking to press their advantage.

The militias in Iraq and Syria, for instance, have returned to attacks on US forces after a lull since January when Kataib Hezbollah killed three US soldiers in Jordan.

After Majdal Shams all eyes are on how the US responds and how Israel responds. If Israel is restrained and walks into a “limited” response then Hezbollah will conclude that it can kill civilians. It can always say “It wasn’t us” or “mistake” and then get the benefit of the doubt. Killing twelve children in the Golan is an unprecedented attack.

If it becomes the new normal, the way Hezbollah rocket and drone attacks became a new normal and the way Hamas became empowered, or West Bank armed groups have grown, this will have serious consequences.

ISRAEL/HEZBOLLAH

Benjamin Netanyahu vows strong response to Hezbollah attack killing 12 children in Majdal Shams

Prime Minister Netanyahu vowed a strong response to Hezbollah’s attack that killed 12 children, despite international calls for restraint.

By TOVAH LAZAROFFJULY 29, 2024 16:01Updated: JULY 29, 2024 22:49

Netanyahu said during a visit Monday to the Druze village of Majdal Shams in the Golan Heights that came under attack on Saturday (photo credit: AMIR MERON/GPO) — Netanyahu said during a visit Monday to the Druze village of Majdal Shams in the Golan Heights that came under attack on Saturday(photo credit: AMIR MERON/GPO)

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Prime Minister Benjamin Netanyahu warned on Monday of a harsh response to the Hezbollah strike that killed 12 children, amid calls by the international community for restraint from both parties and the scramble to prevent a third Lebanon war.“Our response will come and it will be severe,” Netanyahu said during a visit Monday to the Druze village in the Golan Heights that came under attack on Saturday.“The State of Israel will not, and cannot, ignore this,” he stated.Late Sunday, the security cabinet spent over three hours debating a response to the Hezbollah attack, authorizing Netanyahu and Defense Minister Yoav Gallant to take action.The United States is leading a diplomatic dash to deter Israel from striking Lebanon’s capital Beirut or major civil infrastructure in response to a deadly rocket attack on the Golan Heights, five people with knowledge of the drive said.Lebanon’s deputy parliament speaker Elias Bou Saab, who said he had been in contact with US mediator Amos Hochstein since Saturday’s Golan attack, told Reuters Israel could avert the threat of major escalation by sparing the capital and its environs.“If they avoid civilians and they avoid Beirut and its suburbs, then their attack could be well calculated,” he said.

Netanyahu said during a visit Monday to the Druze village of Majdal Shams in the Golan Heights that came under attack on Saturday. (credit: AMIR MERON/GPO)

An Iranian official said the United States had also conveyed messages to Tehran at least three times since Saturday’s attack on the Golan Heights, “warning that escalating the situation would be detrimental to all parties.”US National Security Communications Adviser John Kirby said on Monday that “there is still time and space for diplomacy… Israel has every right to defend itself, and our support for their security is ironclad. That support continues. No nation should have to live with the threats that the Israeli people are having to live with – right next door.”That being said, Kirby told reporters in Washington, there is no reason why the weekend attack should lead to an all-out war.

The focus now is on diplomacy and not “on a military solution.” There is no focus on a military solution that “involves directly the United States military,” he added.

‘These children are our children’

Iran’s President Masoud Pezeshkian said that any Israeli attack on Lebanon would have “serious consequences” for Israel, Iranian state media quoted him on Monday as telling French President Emmanuel Macron in a phone call. Pezeshkian did not elaborate.

Macron told him that his nation had a role to play to avoid escalation in Lebanon-Israel tensions by halting support for destabilizing players.

Iran should also stop the worrying escalation of its nuclear program and comply with international organizations, Macron said.

https://player.jpost.com/public/player.html?player=jpost&media=3747374&url=www.jpost.comPrime Minister Benjamin Netanyahu at the scene of the disaster in Majdal Shams, where 12 children were killed by a rocket fired by the terrorist organization Hezbollah, July 29, 2024. (AMIR MERON/GPO)

Gallant on Monday spoke with US Secretary of Defense Lloyd Austin and explained that the rocket used was an Iranian one, equipped with 50 kilograms of explosives, as he described how Saturday’s attack posed a significant escalation.The UN peacekeeping mission in southern Lebanon said it had intensified contacts with Israel and Lebanese authorities to dial down tensions. “Nobody wants to start a wider conflict, but a miscalculation could trigger one. There is still space for a diplomatic solution,” spokesperson Andrea Tenenti said.Flights at Beirut’s International Airport were canceled or delayed throughout the day. Jordan’s flag carrier Royal Jordanian suspended flights to Beirut on Monday and Tuesday, Jordanian TV reported, citing a statement from the airline.Netanyahu in Majdal Shams blamed Iran for the attack, explaining that Hezbollah had acted with “Iranian backing” and launched an Iranian-made missile that struck the children as they played soccer. Community leader.He traveled to the Golan Heights with Druze religious leader Sheikh Muafak Tarif and Shin Bet head Ronen Bar. There, he met with Majdal Shams local council head Dolan Abu Sales and Ein Qiniyye Regional Council head Wael Mugrabi.“We came here today to Majdal Shams… in order to express our deep solidarity, and our profound shock over the atrocity that took place here. This is a terrible tragedy,” Netanyahu told the community.“Like all citizens of Israel, and I must tell you, like many people across the entire world, we were profoundly shocked by this terrible killing,” Netanyahu stated.“The heart breaks at the terrible tragedy. We embrace the families that are now enduring indescribable suffering.“These children are our children; they are the children of us all,” Netanyahu said, as he recalled that the Druze community had paid a heavy price during the last nine months of cross-border IDF-Hezbollah violence. He also pointed to the lives lost on both Israel’s northern and southern fronts.“We are brothers. We have a covenant of life, but unfortunately, it is also a covenant for moments of bereavement and grief,” Netanyahu stated.He urged the Druze community not to be “disheartened. Do not lose hope” in the face of attacks by the “evil axis of Iran and Hezbollah.“The State of Israel will continue to stand by your side, here, and in the entire region, today, tomorrow, and forever,” he stated.Angry spectators, upset by the lack of security along that northern area, chanted that Netanyahu was a “killer” and called on him to “go home.”Reuters contributed to this report.

END

ISRAEL STRIKES BEIRUT

At Least 1 Dead, 68 Injured, After Huge Israeli Airstrike On South Beirut

TUESDAY, JUL 30, 2024 – 05:15 PM

Update(1715ET): The Lebanese government has condemned the “blatant act of aggression” following the Israeli airstrikes on southern Beirut. While some reports have claimed US warships are moving closer to Lebanon in the wake of the crisis, the reality is that American warships and military assets were already in the eastern Mediterranean region.

Lebanon’s National News Agency (NNA) has reported that a female civilian was killed after a building was destroyed in Haret Hreik, in Beirut’s sout. “Sixty-eight civilians were injured, five of whom were critically injured, while the rest suffered moderate to minor injuries. Most of them were treated in emergency departments and were discharged from hospitals,” NNA said.

More footage has emerged showing the extent of damage.

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Mohamad Safa

@mhdksafa

Israel just bombed a residential area near a hospital in Beirut, Lebanon and violated Security Council resolution SCR 1701 with absolutely no consequences. This is a war crime. Lebanon has the right to defend itself under international law.

0:https://x.com/i/status/181833976945514543101

1:35 PM · Jul 30, 2024

172.1K Views

Currently there are contrasting reports over whether or not Israel took out its target – Fuad Shukr, said to be a commander that oversaw the deadly weekend Hezbollah rocket salvo that left 12 dead in a Golan town.

* * *

Israel’s anticipated big ‘retaliation’ has begun, apparently, after major airstrikes were felt in the Lebanese capital of Beirut. Large smoke clouds were seen above a suburb in southern neighborhoods, sparking momentary panic and a large emergency response amid reported casualties.

An Israeli military statement quickly owned up to the attack: “The IDF targeted in Beirut the commander responsible for the murder of the children in Majdal Shams and killed many Israeli civilians,” a translated statement said.

The destruction is large in scale, and took place at around 8pm local time in the Haret Hreik neighborhood, still within daylight hours just before nightfall.

Earlier, a weekend missile attack from Lebanon (widely blamed on Hezbollah) killed 12 young people playing on a soccer field in the occupied Golan town of Majdal Shams.

Foreign Minister Katz told a state broadcaster over the weekend, “There is no doubt that Hezbollah crossed all red lines.” And soon after that, the country’s war cabinet authorized the military to retaliate.

Israeli Defense Minister Yoav Gallant has announced just after the Tuesday Beirut strikes, “Hezbollah crossed the Red Line.”

Harrowing footage of the strike aftermath points to large-scale casualties given it is a densely-packed civilian area…

Given already there have long been fears of ‘all-out’ war in Lebanon, oil jumped on news of the attack.

Israel is quickly signaling that this was a ‘limited’ attack and that it doesn’t seek full war in Lebanon. “At the moment, there are no changes in the Home Front Command defensive guidelines,” the IDF said.

Bloomberg’s live blog has cited Rosalind Mathieson, the outlet’s news director for Europe, the Middle East and Africa, who comments:

There are signs Israel was aiming for an action that sent a message without triggering a full blown war with Hezbollah in Lebanon. Netanyahu has also been opening the door to fresh talks for a cease-fire with Hamas on Gaza – and that wouldn’t be possible if Israel is engaged in a ground conflict with Hezbollah.

Several Israeli news outlets reported earlier this week that the government was seeking a “limited but significant” action that sends a strong message to Hezbollah but ensures the situation doesn’t spiral out of control.

More footage showing the large scale of the aerial bombing…

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Many regional analysts believe that a broader war in Lebanon will draw in Iran-backed groups and actors across the region, eventually leading to an open war between Tehran and Tel Aviv. Hezbollah sources are meanwhile denying that Israel killed the senior commander that was targeted on Tuesday.

TOP HEZBOLLAH COMMANDER TARGETED IN ISRAELI STRIKE ON BEIRUT SUBURBS HAS SURVIVED, TWO SECURITY SOURCES TELL REUTERS

developing…

ISRAEL/HOUTHIS/UAE

Israel and UAE preparing nightmare for Iran, Houthis right on their doorstep – analysis

Israel has no direct presence in the Socotra Archipelago, but everything happening there aims to serve its security through its ally, the UAE.

By MAARIVJULY 29, 2024 12:15

Protesters, largely Houthi supporters, rally to show solidarity with Palestinians in the Gaza Strip, in Sanaa, Yemen, June 7, 2024. (photo credit: REUTERS/KHALED ABDULLAH) — Protesters, largely Houthi supporters, rally to show solidarity with Palestinians in the Gaza Strip, in Sanaa, Yemen, June 7, 2024.(photo credit: REUTERS/KHALED ABDULLAH)

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Since the beginning of the operation in Yemen against the Houthi rebellion movement in 2015, the United Arab Emirates (UAE) has sought control over the Socotra Archipelago, which is under Yemeni sovereignty.

The Lebanese Hezbollah-affiliated newspaper Al-Akhbar reported on Monday morning that this is part of a long-term project within an alliance founded between Israel and several Arab countries, particularly in the Gulf, under an American umbrella.

The archipelago, along with other islands and ports in Yemen, is a central point of this project.

Urgency to establish an alliance increased after October 7

This accelerated the pace of its development, with an Israeli military base being built on Abd al Kuri Island, the second largest in the archipelago. As part of this project, Israeli Chief of Staff Herzi Halevi met with US Central Command Commander Michael Kurilla and military commanders from Saudi Arabia, Bahrain, Egypt, the UAE, and Jordan in Bahrain in June.

An article published in 2020 by a French-speaking Jewish community site claimed that the UAE and Israel were planning to establish a base on Socotra Island.

Protesters, mainly Houthi supporters, rally to show solidarity with Palestinians in the Gaza Strip, in Sanaa, Yemen July 19, 2024. (credit: REUTERS/KHALED ABDULLAH)

On September 9, 2020, the French intelligence site Intelligence Online confirmed the arrival of UAE and Israeli intelligence officers on the island at the end of August 2020.

It explained that the Southern Transitional Council was under pressure from the UAE to agree to the establishment of a joint Emirati-Israeli intelligence base.

According to a report published by the Italian Institute for International Political Studies in November 2023, Socotra Island includes an Emirati intelligence base where Israeli-made sensors can be deployed to locate Iranian missiles and drones.

The military base project on Abd al Kuri Island may be part of a military intelligence integration that includes Emirati and Western bases overlooking the Gulf of Aden and the Bab el-Mandeb Strait.

Satellite images documented new construction at the port, which was often used to store UAE weapons and equipment under their direct supervision from 2017 to 2022. The forces also use the Mokha port in Yemen to transfer military supplies to militias they support on Yemen’s western coast.

The Socotra Archipelago is one of Yemen’s 22 provinces, located about 350 kilometers south of Yemen and about 250 kilometers east of Somalia. The islands are under Yemeni sovereignty. The main island’s area is 3,650 square kilometers, and the other islands are small, with some uninhabited.

In 2018, as part of the Yemeni civil war, UAE military forces landed on the island and took control of key points. Today, the island is de facto controlled by the Southern Transitional Council, supported by the UAE.

The UAE has done everything to achieve control over the archipelago.

It has recruited 900 young people from the island and transferred them to the Emirates. As for Israel, it has no direct presence in the Socotra Archipelago, but everything happening there aims to serve its security through its ally, the UAE, while providing most of the intelligence information.

END

RUSSIA/UKRAINE/GERMANY

Putin Vows ‘Mirror Measures’ After US Plans Long-Range Missiles For Germany

MONDAY, JUL 29, 2024 – 07:20 PM

Russian President Vladimir Putin on Sunday issued another fresh warning in the wake of the United States weeks ago announcing it intends to deploy long-range missiles in Germany in violation of prior Cold War era missile treaties.

He has vowed that Russia’s military will in turn place long-range missiles within striking distance of the West. “The flight time to targets on our territory of such missiles, which in the future may be equipped with nuclear warheads, will be about 10 minutes,” Putin warned, announcing his intent to ‘mirror’ any such US actions.

“We will take mirror measures to deploy, taking into account the actions of the United States, its satellites in Europe and in other regions of the world,” he said, as translated in Reuters.

Putin also of late frequently warned that a Cold War 2.0 showdown is emerging due to the threatening behavior of the West related to the Ukraine conflict: “This situation is reminiscent of the events of the Cold War related to the deployment of American medium–range Pershing missiles in Europe,” he said.

These comments come at the same time that Russian warships have increased their port visits to Cuba, which has involved groups of Russian military vessels not far off of America’s east coast.

Just like in the original Cold War, Cuba could become a base of Russian missiles in the potential highly dangerous return of a Cuban missile crisis scenario.

In early July, the Pentagon had unveiled near and long-term plans to station additional missiles in Europe, to include SM-6, Tomahawk cruise missiles and developmental hypersonic weapons placed in Germany starting in 2026.

As for Germany, which finds itself in the middle of these tit-for-tat threats and warnings, its foreign ministry has said it will not be intimidated by Moscow.

“This type of missile… had already been developed and deployed long ago” by Russia, foreign ministry spokesman Sebastian Fischer told a press conference. “What we are now planning is a response to deter these weapons from being used against Germany or other targets,” he emphasized.

The end of Cold War era treaty was negotiated precisely to avoid and reduce weapons build-up in Europe…

In mid-July, Russian Ambassador to the US Anatoly Antonov stated on Telegram that the US moving missiles to Germany “increases the risks of a missile arms race,” given that it could unleash “uncontrolled escalation amid dangerously soaring Russia-NATO tensions.”

Antonov further warned that this brings European states like Germany in the crosshairs and that Moscow’s patience is limited. The ambassador posed: “Doesn’t Germany understand that the emergence of American missile assets on German soil will lead to these facilities ending up in Russian crosshairs? This is not saber-rattling, it is the simple logic of a normal person.”

end

Why are we not surprised?

(antiwar.com)

Pentagon Finds Another $2 Billion In Ukraine Aid ‘Accounting Errors’

TUESDAY, JUL 30, 2024 – 05:00 AM

Authored by Connor Freeman via AntiWar.com,

The Pentagon discovered $2 billion in additional accounting errors regarding its valuation of missiles, ammo, and other equipment provided to Kiev, a Government Accountability Office (GAO) report found days ago. The Defense Department made a similar claim last year, saying it availed Washington of $6.2 billion in weapons to fuel the Ukraine proxy war with Russia.

This latest report brings the improperly valued military material to a total of $8.2 billion, with the error said to be a result of unclear accounting definitions. In June 2023, the Pentagon insisted that weapons shipped to Ukraine from US military stockpiles, under the Presidential Drawdown Authority (PDA), over the past two years were overvalued using the “replacement value” of the arms as opposed to the “depreciated value.” This bought the White House some time to continue sending weapons to Kiev after much of the US funding then allocated for the war had dried up.

In April, Congress passed and President Joe Biden signed into law a massive $95 billion foreign military aid supplemental which included $61 billion to keep the Ukraine war going.

This is despite Kiev’s inability to win the war or reclaim significant territory already seized by Russia. After discovering the latest overvaluations, the Pentagon told the GAO it now has another $2 billion in weapons which can be shipped to Ukraine.

“The GAO said a vague definition of value in the Foreign Assistance Act and the absence of specific valuation guidance for [PDA] have led to inconsistencies in the reported value of military aid,” Reuters reported.

For instance, 10 vehicles were incorrectly valued at $7,050,000 compared to their zero net book value. The GAO has made some recommendations to Congress as well as the Pentagon to resolve the inconsistencies.

Military aid for Kiev is provided in another form besides PDA, namely the Ukraine Security Assistance Initiative, whereby aid funds are used to purchase arms directly from the weapons industry.

In April, prior to the passing of the $95 billion foreign military aid bill, the Office of Management and Budget revealed the White House had severely undercounted its total spending on the Ukraine war by at least $14 billion.

Therefore, Washington has spent a total of $186 billion in its effort to “weaken” Russia using Ukraine as a proxy force. Since the invasion, it has been estimated that approximately 500,000 Ukrainian soldiers have been killed or injured.

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

WORLD EVENTS NOTEWORTHY

END

WORLD HEALTH ISSUES

MARK CRISPIN MILLER

When did the Olympics go to hell?

The opening act in Paris featured not just that (Satanic) parody of the Last Supper, but also—and worse yet—an outright DANCE OF DEATH that seemed to CELEBRATE the millions “dying suddenly” worldwide

MARK CRISPIN MILLERJUL 29∙PREVIEW

READ IN APP

Although ostensibly a celebration of athletic excellence and world fraternity, the Olympics has long had a darker side—especially since Avery Brundage used the games in 1936 to boost the Nazi state, and then went on (in 1952) to run the IOC, using it to push essentially the same racialist world-view that moved Hitler to refuse to shake the hand of Jesse Owens. (“Do you really think I’d allow myself to be photographed shaking hands with a Negro?” he snapped at Nazi youth leader Baldur von Schirach shortly afterward.) As IOC president, Brundage supported the regimes in both Rhodesia and South Africa as zealously as he had championed the Reich (and, in particular, Leni Riefenstahl, whom—along with Charles Lindbergh and Walt Disney—he warmly welcomed to Hollywood when she visited in 1938)…

END

J6 prisoners are living under torture; and Amazon has just ERASED a 4-year-old book critical of Kamala Harris

So which side won World War II? (And why has “fighter” Donald Trump said not a word about the plight of those arrested after “January 6″—including some who weren’t even in the Capitol that day?)

MARK CRISPIN MILLERJUL 30

READ IN APP

And did you know that Donald and Ivanka donated thousands to Harris’s campaigns?

https://www.the-independent.com/news/world/americas/us-politics/donald-trump-donated-kamala-harris-b2583459.html

I

From skmattox:

Mark, I think you will find the below video interviews about the conditions of the J6 prisoners in the DC jails interesting, especially because they talk about how horrific the conditions are for all the prisoners there. They give specific examples of prisoners being denied medication, and being kept in cells that are 54/55° in the winter. Such conditions may account for some of the prison inmates “dying suddenly.”

J6 PRISONERS FORCED TO TAKE JAB OR DIE

PART 2: J6 POLITICAL PRISONERS TORTURED IN JAILS

II

Vigilant News

Amazon Just Went Full-on 1984

The retail giant DELETED a four-year-old book about Kamala Harris from its website…

DR PAUL ALEXANDER

No avian bird flu, none, ZERO, I warn again, there is no H5N1, H5N2, H5N8 avian bird flu pandemic; yes the powers at be trying to use the fake fraud OVER-CYCLED RT-PCR ‘process’ to create a pandemic

out of NOTHING! DO NOT fall for it! No evidence of any pandemic (we never had a pandemic), of no bona fide spread of anything from birds to cattle to humans, of human-to-human spread, ZERO

DR. PAUL ALEXANDERJUL 29

READ IN APP

This is fear porn again to push deadly H5N1, H5N8 type Malone, Bourla, Bancel, Weissman et al. mRNA technology gene-based vaccines, using Emergency use authorizations (EUAs) etc. I tell you switch it off, only when folk like Yeadon, Couey, Risch, myself etc. tell you that there is an issue that you listen…never ever listen to anything the CDC, NIH, FDA, NIAID, SAGE UK, Health Canada, PHAC etc. tells you on public health or anything…these people showed you for COVID the fraudsters they were for they knew they were all lying…do not listen to your doctor about mRNA vaccine for bird flu…

you see you thought Malone, Bancel, Bourla, Weissman et al. were ‘good’ people, benevolent people, out for ‘your own good’. Wanted to ‘do good by you’. You fell for it, the COVID vaccine bullshit and know you are harmed, you have lost many from the shot, but still cannot think that people like Malone, Sahin, Bancel et al. would be such a duplicitous people. You were wrong. They are. You were lied to. The joke is on you. They got your donor money. And some of you are still not sure. You cannot think you could be ‘taken’ that way. But you were. These miscreants are bold enough that they brought you the death, caused arms and deaths from their mRNA technology etc. then talk to you about the harms of it (as if it is not due to them) and your head is so far up your ass in disbelief that you were ‘taken’, you listen to the fraud. You have Fauci now telling you that the 6-foot social distancing rule that he and Redfield and Birx and Hahn and Azar et al. devised and put on us, that ransacked society and shuttered businesses and business owners harmed themselves, hung themselves, children committed suicide etc., just liek that ‘oh, it was made up, no science,

no doubt these evil monsters, these criminal diabolical beasts, these power hungry money hungry animals could go to lab and muck with this and create something more virulent, pathological but we have yet to see this…you have to grasp that the hand of God is always at play, trust, and even what was done re the fake entity they brought for us labelled as COVID, was not deadly…you got to understand pathogen e.g. virus will always become mild as if not, will arrive at an evolutionary dead end and die with you the host…it must evolve and adapt to a milder (infectious yes), but mild version whereby non-lethal subvariants, clades will be selected to become enriched and dominant in the environment…not deadly versions.

Tulsi Gabbard schlonged Kamala Harris for her prosecutorial abuses while in California and really was the cause for Harris dropping out of her primary in 2020; Tulsi schooled Harris big time!When Harris was a prosecutor in California…Harris kept people in jail beyond the end of their sentences to get cheap labor for the State of California…RAPPER SWAE LEE off the democrat Harris trainDR. PAUL ALEXANDERJUL 30 READ IN APP RAPPER SWAE LEE SAYS ‘DO NOT VOTE FOR KAMALA’https://twitter.com/i/status/1815127674227925391 https://twitter.com/i/status/1815127674227925391Alexander 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 paidYou’re currently a free subscriber to Alexander MAGA news; a fake PCR created COVID non-pandemic. For the full experience, upgrade your subscription.Upgrade to paid LIKE COMMENT RESTACK © 2024 Paul
150 South 8th Street, Unit 170, Lewiston, NY 14092
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SLAY NEWS

The latest reports from Slay News

WHO Demands Mass mRNA Vaccination Campaign for ‘Bird Flu’The globalist World Health Organization (WHO) is calling on the governments of sovereign nations to begin preparing for mass mRNA vaccinations to supposedly tackle “bird flu.”READ MORE

Pro-Vax Doctor Calls for Military to Fight ‘Anti-Vaccine Aggression’A prominent pro-vax doctor has called for police forces and the military to be deployed as part of an effort to tackle alleged “anti-vaccine aggression.”READ MORE

Biden Unveils Proposal for Supreme Court Reforms, Limits on Presidential Immunity Democrat President Joe Biden has just unveiled a radical new proposal that includes U.S. Supreme Court “reforms” and the drafting of limits on presidential immunity.READ MORE

Sen Mark Kelly a Frontrunner for Kamala Harris’ Running Mate: Report Now that Kamala Harris has all but secured the Democrats’ presumptive nomination for the November election, attention is turning to who the Democrat vice president will choose as her running mate.READ MORE

Georgia Swing Voter Drops Hammer on Kamala Harris As the Democrats and their corporate media allies desperately try to rebrand far-left Vice President Kamala Harris, voters are not buying it.READ MORE

Obama and Kamala Harris Threatened Biden with 25th Amendment before He Dropped Out, Seymour Hersh Reveals Former President Barack Obama and Kamala Harris have reportedly been secretly working behind the scenes to manipulate recent events that have shaken up the 2024 presidential election.READ MORE

Trump to Return to Butler, PA for Event in Honor of Hero Corey Comperatore It has been roughly two weeks since President Donald Trump was the target of an assassination attempt at a campaign rally in Butler, Pennsylvania.READ MORE

Boxing Coach Dies Suddenly of Cardiac Arrest at Paris Olympics Tragedy has struck the Paris Olympic Games after one of the national boxing coaches dropped dead due to suffering a sudden cardiac arrest.READ MORE

Islamic Olympian Yells ‘Allahu Akbar’ during Judo Competition, Gets ‘Instant Karma’The atmosphere at the Paris Olympics has continued to grow increasingly divisive after a Tajikistan judo competitor used the event to yell out aggressive Islamic statementsREAD MORE

he latest reports from Slay News

EVOL NEWS

Biden Proposes to Reform Supreme Court With Term Limits, Immunity Limits – EVOL READ MORE…

LATEST NEWS:

Kamala Harris Planning to ‘Eliminate’ Christianity from America – EVOL Read more…In Effort To Smear J.D. Vance, Kamala Supporters Attack Popular Child Care Tax Credit – EVOL Read more…Olympic Athlete Convicted Of Raping 12-Year-Old Booed During Game – EVOL Read more…The Democratic Party has become anti-family: JD Vance – EVOL Read more…Some Olympic Athletes Are Roasting Olympic Village Accommodations – EVOL Read more…A Pedigreed Rail Magnate Is Pouring Millions Into Electing Donald Tru… – EVOL Read more…Gunman at Trump Rally Often One Step Ahead of Secret Service – EVOL Read more…Teen Allegedly Derailed BNSF Freight Train For “Insane” YouTube Footage – EVOL Read more…

:EVOL NEWS

LATEST NEWS:

LATEST REPORTS FOR NEWS JUNKIES

Kamala Harris Planning to ‘Eliminate’ Christianity from America Kamala Harris is planning to “eliminate” Christianity in America by ending all religious freedom protections if she wins the presidential election in November.READ THE FULL REPORT

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

7.OIL PRICES/GAS PRICES/OIL ISSUES

Texas Oil Regulator Opens Probe After Earthquakes Hit The Permian

MONDAY, JUL 29, 2024 – 03:45 PM

Authored by Tsvetana Paraskova via OilPrice.com,

The Railroad Commission of Texas, the oil regulator in America’s top oil-producing state, has opened a probe after a series of earthquakes hit the Permian basin last week.

Last week, dozens of tremors were registered in counties close to oil and gas operations in Texas.

West Texas was hit by several earthquakes, the largest measuring 5.1 on the Richter scale.

After the series of quakes, the Railroad Commission is investigating wells in which operators have injected salty water that comes out of oil wells.

The so-called disposal wells within two and a half miles of the cluster of quakes in the Camp Springs area are under investigation, Patty Ramon, a spokesperson for the state agency, has told Bloomberg.

The area is about 100 miles northeast of the city of Midland at the heart of the Permian basin.

“In efforts to reduce seismicity possibly caused by underground injection of produced water, several operators in the area have converted deep saltwater disposal wells to shallow saltwater disposal wells within the last year,” RRC said in a statement.

“RRC inspectors are out inspecting saltwater disposal wells within two and a half miles of the cluster of earthquakes this week and the RRC will evaluate next steps that can be taken to mitigate earthquakes. We’ll continue to take measures necessary to protect the environment and residents in the area.”

The dozens of earthquakes in Scurry County, roughly 60 miles west-northwest of Abilene, have raised questions about the role of the oil and gas industry in these events.

“Western Texas, and specifically the Permian Basin, have seen a significant increase in seismicity since about 2019,” Justin Rubinstein, a research geophysicist with the Earthquake Science Center at the U.S. Geological Survey, told Houston Public Media, a service of the University of Houston.

“We believe these earthquakes are being caused by human activity, particularly related to oil and gas operations,” Rubinstein said, referring to last week’s increased seismic activity.

END

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

CANADA

end

Venezuela

Evening Protests Explode In Venezuela As Opposition Crowds Descend On Caracas, Head To Presidential Palace

MONDAY, JUL 29, 2024 – 10:30 PM

Summary: While things were somewhat calm through much of the daylight hours on the streets of Caracas, tensions are now at boiling point and full-blown confrontations with police as thousands of opposition supporters have been literally walking, some from rural areas, to the Presidential Palace. BBC and CNN are confirming that Maduro’s security services have fired tear gas and rubber bullets against outraged demonstrators who believe Sunday’s election was stolen. Some US members of Congress have added their voice, urging the White House not to recognize the results of a Maduro victory.

“Thousands of people descended on central Caracas on Monday evening, some walking for miles from slums on the mountains surrounding the city, towards the presidential palace,” writes BBC. A handful of other cities have also witnessed unrest Monday, confirms CNN: “Protests were also reported in other cities, including Maracay, where opposition activist Esthefania Natera told CNN that people were on the streets “to yell and demand to tell the truth because we know the real results.” The coastal state of Falcón saw demonstrators topple a statue of leftist icon and Maduro mentor Hugo Chavez, according to activists posting video on social media.

Wow. Incredible scenes from Venezuela tonight of people toppling Hugo Chavez statue in Calabozo, Guarico. Protests spreading across towns & cities against Maduro after accusations of fraud elections: https://t.co/L2FFTv5axi
— Joyce Karam (@Joyce_Karam) July 30, 2024

Like with prior instances of brief unrest in the last couple years, in some areas police and military personnel appear to have retreated or even abandoned their armored vehicles.

JUST IN: Images emerging from Venezuela seem to point to an imminent civil war..

Citizens have been captured on Video taking over military vehicles..

DEVELOPING..pic.twitter.com/cxTNQ08vGy https://t.co/5nXznCaX2c
— Chuck Callesto (@ChuckCallesto) July 29, 2024

JUST IN: Citizens preparing to FACE OFF with military in Venezuela following reports Maduro STOLE the election.

DEVELOPING..
pic.twitter.com/qOTuhP5xLO
— Chuck Callesto (@ChuckCallesto) July 29, 2024

Some US hawks are openly calling for regime change, and have urged the protesters to go all the way to the Presidential Palace to confront socialist strongman Maduro…

HAPPENING NOW 🚨 Venezuela is in total chaos with THOUSANDS of protestors getting shot at

Venezuela has FALLEN, say a prayer for them 🙏 pic.twitter.com/CTYss4wSr1
— Marjorie Taylor Greene Press Release (Parody) (@MTGrepp) July 30, 2024

There actually appears to be more than one Chavez statue that has been toppled in different locations at this point, a huge and fierce message by protesters aimed at the regime.

* * *

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

EURO VS USA DOLLAR: 1.0829 UP 0.0009

USA/ YEN 154.82 UP 0.997 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 1.2849 UP 0.0009

USA/CAN DOLLAR: 1.3849 DOWN .0006 (CDN DOLLAR UP 6 BASIS PTS)

Last night Shanghai COMPOSITE CLOSED DOWN 12.54 PTS OR 0.43%

Hang Seng CLOSED DOWN 235.43 PTS OR 1.37%

AUSTRALIA CLOSED DOWN 0.58%

// EUROPEAN BOURSE: MOSTLY GREEN EXCEPT ENGLAND

Trading from Europe and ASIA

I) EUROPEAN BOURSES: MOSTLY GREEN EXCEPT ENGLAND

2/ CHINESE BOURSES / :Hang SENG CLOSED DOWN 235.43 PTS OR 1.37 %

/SHANGHAI CLOSED DOWN 12.54 PTS OR 0.43%

AUSTRALIA BOURSE CLOSED DOWN .58%

(Nikkei (Japan) CLOSED UP 57,32 PTS OR 0.15%

INDIA’S SENSEX IN THE GREEN

Gold very early morning trading: 2389.50

silver:$27,85

USA dollar index early TUESDAY morning: 104.38 UP 6 BASIS POINTS FROM MONDAY’s CLOSE.

TUESDAY MORNING NUMBERS ENDS

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

And now your closing TUESDAY NUMBERS 1: 30 AM

Portuguese 10 year bond yield: 2.962% DOWN 3 in basis point(s) yield

JAPANESE BOND YIELD: +1.002% DOWN 2 AND 1/ 100 BASIS POINTS /JAPAN losing control of its yield curve/

SPANISH 10 YR BOND YIELD: 3.158 DOWN 3 in basis points yield

ITALIAN 10 YR BOND YIELD 3.697 DOWN 3 points in basis points yield ./ THE ECB IS QE’ ING ITALIAN BONDS (BUYING ITALIAN BONDS/SELLING GERMAN BUNDS)

GERMAN 10 YR BOND YIELD: 2.343 DOWN 2 BASIS PTS

END

IMPORTANT CURRENCY CLOSES FOR TUESDAY

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

Euro/USA 1.0801 DOWN 0.0018 OR 18 basis points

USA/Japan: 154.61 UP 0.773 OR YEN IS DOWN 77 BASIS PTS

Great Britain 10 YR RATE 4.074 DOWN 1 BASIS POINTS //

Canadian dollar DOWN .0001 OR 1 BASIS pts to 1.3856

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

The USA/Yuan, CNY ON SHORE CLOSED UP AT 7.2525 (ON SHORE)

THE USA/YUAN OFFSHORE: (YUAN CLOSED (UP)…. (7.2648)

TURKISH LIRA: 33.08 EXTREMELY DANGEROUS LEVEL/DEATH WATCH/HYPERINFLATION TO BEGIN.//ON DEATH WATCH

the 10 yr Japanese bond yield at +1.002…

Your closing 10 yr US bond yield DOWN 0 in basis points from MONDAY at 4.180% //trading well ABOVE the resistance level of 2.27-2.32%)

USA 30 yr bond yield 4.428 DOWN 1 in basis points /12.00 PM

USA 2 YR BOND YIELD: 4.394 UP 1 BASIS PTS.

GOLD AT 11;30 AM 2390,00

SILVER AT 11;30: 27.92

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

London: CLOSED DOWN 17.94 PTS OR 0.22%

German Dax : CLOSED UP 90.51 PTS OR 0.49%

Paris CAC CLOSED UP 31.10 PTS OR 0.42 %

Spain IBEX CLOSED UP 84,80 OR 0.76%

Italian MIB: CLOSED UP 267.19 PTS OR 0.79% PTS

WTI Oil price 75.13 12EST/

Brent Oil: 79.08 12:00 EST

USA /RUSSIAN ROUBLE /// AT: 85.75 ROUBLE DOWN 0 AND 1/100

GERMAN 10 YR BOND YIELD; +2.3420 DOWN 1 BASIS PTS.

UK 10 YR YIELD: 4.043 DOWN 1 BASIS POINTS

CDN 10 YEAR RATE: 3.252 DOWN 4 BASIS PTS.

CLOSING NUMBERS: 4 PM

Euro vs USA 1.0813 DOWN 0.0006 OR 6 BASIS POINTS

British Pound: 1.2834 DOWN 0.0025 OR 25 basis pts

BRITISH 10 YR GILT BOND YIELD: 4.043 DOWN 1 BASIS PTS//

JAPAN 10 YR YIELD: 1.003

USA dollar vs Japanese Yen: 152.74 DOWN 1.096 YEN UP 110 BASIS PTS//

USA dollar vs Canadian dollar: 1.3847 DOWN 0.0009//CDN dollar UP 9 BASIS PTS

West Texas intermediate oil: 75.28

Brent OIL: 79.08

USA 10 yr bond yield DOWN 4 BASIS pts to 4.146

USA 30 yr bond yield DOWN 4 BASIS PTS to 4.399%

USA 2 YR BOND: DOWN 3 PTS AT 4.361

CDN 10 YR RATE 3.254 DOWN 4 BASIS PTS

USA dollar index: 104.30 UP 24 BASIS POINTS

USA DOLLAR VS TURKISH LIRA: 33.08 GETTING QUITE CLOSE TO BLOWING UP/

USA DOLLAR VS RUSSIA//// ROUBLE: 85.75 DOWN 0 AND 1/100 roubles

GOLD 2,410.00 3:30 PM

SILVER: 28.39 3;30 PM

DOW JONES INDUSTRIAL AVERAGE: UP 203.40 PTS OR 0.11%

NASDAQ DOWN 263.21 PTS OR 1,38 %

VOLATILITY INDEX: 17,69 UP 1,09 PTS OR 6.51%

GLD: $222,52 UP 2.20 OR 1.00%

SLV/ $25.83 UP .39 OR 1,53%

end

USA AFFAIRS

TODAY’S TRADING IN GRAPH FORM:

Bonds & Bullion Bid; Crude, Crypto, & Mega-Cap Skid Ahead Of Fed/BoJ

BY TYLER DURDEN

TUESDAY, JUL 30, 2024 – 04:00 PM

With gamma ‘unclenched’ (and now solidly negative), markets have been free to roam…

Source: SpotGamma

And today saw more downward pressure as trader anxiety built ahead of the major macro catalysts and the fact that approximately 40% of the S&P 500 is expected to report this week across all sectors making it the biggest and perhaps one of the most important weeks of earnings this season.

Nasdaq was the biggest loser (again) today with Small Caps and The Dow managing gains (as tech weighed on the S&P 500 too). The last few minutes of the day-session (before MSFT) saw a panic-bid hit the major indices (but it didn’t last long)…

Nasdaq has almost perfectly recoupled with Russell 2000 YTD now…

Source: Bloomberg

Goldman’s trading desk noted that overall volumes and S&P top of book both muted heading into MSFT EPS post close and FOMC + BOJ tomorrow.

Floor skewed 2% better to buy today after similar buy skews yday.
LOs selling Tech vs buying Hcare and Fins.
HFs much better for sale across Tech and Hcare vs buying consumer discretionary.

The basket of MAG7 stocks tumbled back to last week’s Global Outage spike lows….

Source: Bloomberg

UBS’ trading desk offered some additional color:

“today more than half of the selling is short looking at our Hedge Fund flow (35/32/33 – buy/sell/short sell).”

‘Most Shorted’ stocks were slammed…

Source: Bloomberg

Semis were slammed again today – back to an interestingly coincidental drawdown level from the past year…

Source: Bloomberg

S&P is hovering around its 50DMA…

…while Nasdaq has tumbled down to its its 100DMA and found support…

Much of today’s plunge was triggered by the ubiquitous leaks from BoJ…

1. BOJ leaks some more hawkish jibberish (it owns half of all JGBs, rates simply can not rise)

2. Yen spikes

3. Carry trades hammered

4. Tech crushed

And sure enough they tumbled together…

Source: Bloomberg

The dollar ended unchanged, with the BoJ leaked comments erasing the overnight gains in the greenback…

Source: Bloomberg

Gold ignored the dollar and extended gains, spiking on the Israeli airstrikes headlines…

Source: Bloomberg

Treasuries were bid (as traders saw through the HL JOLTS data) with the short-end outperforming (2Y -4bps, 30Y -2bps). That small rally pushed all yields lower on the week…

Source: Bloomberg

…but expectations for a Fed rate-cut this week are practically zero…

Source: Bloomberg

Bitcoin extended yesterday’s losses, testing a $65,000 handle (after briefly tagging $70k yesterday…

Source: Bloomberg

Finally, the total market-cap of the Magnificent 7 stocks tumbled back below $15 trillion today (down over $2 trillion from its record highs) – in context, that is just a two-month low…

Source: Bloomberg

Another ugly day for NVDA today (down 6.5%)…

Source: Bloomberg

…but of course, we will see what MSFT has to say about that tonight.

MORNING TRADING/

AFTERNOON TRADING///

II USA DATA

US Home Prices Rose For 15th Straight Month In May, Despite Soaring Rates

TUESDAY, JUL 30, 2024 – 09:09 AM

Home prices in America’s 20 largest cities rose for the 15th straight month in May (the latest data point from Case-Shiller’s admittedly lagging series), up a better than expected 0.34% MoM to +6.81% YoY…

Source: Bloomberg

Given the smoothing and heavy lag in the Case-Shiller data, it’s hard to find a causal relationship between prices and mortgage rates, but with rates remaining above 7%, it seems hard to believe prices can continue their advance…

Source: Bloomberg

…but home prices are still tightly correlated with Fed Reserves which have slowed down…

Source: Bloomberg

…and a peak in the rate of price growth appears clear across all metros…

How is Powell going to cut rates when home prices are still rising near 7% per year?

END

Conference Board Consumer Confidence ‘Revised Down’ Again…

TUESDAY, JUL 30, 2024 – 10:10 AM

For the eighth month in the last nine, the headline Conference Board Consumer Confidence print was revised lower in June (dramatically so)…

Source: Bloomberg

That June revision from 100.4 to 97.8 then allowed the headline to ‘beat’ in July at 100.3 (which is still down from the original June print) but flat at post-COVID lows. Notably the Present Situation tumbled to its lowest since April 2021…

Source: Bloomberg

The overall trend in the labor market indicator remains weaker…

Source: Bloomberg

…and Purchase plans for homes, cars, and appliances all plunged…

Source: Bloomberg

Just remind us again how exactly ‘confidence’ can be revised lower?

END

Catastrophic JOLTS: Private Sector Job Openings Plunge To 6 Year Low As Both Hiring And Quits Crater

TUESDAY, JUL 30, 2024 – 10:52 AM

Heading into today’s JOLTS number we were expecting much of last month’s unexpected job opening surge – which as we noted last month was the result of a bizarre spike in “government” openings – to be revised away, and for the June print to drop from the revised May print.

Expect big drop in JOLTS job openings as last month’s surge in government job openings is revised away

Quote

zerohedge

@zerohedge

Jul 2

Job Openings Unexpectedly Surge, Driven Entirely By Government Jobs https://zerohedge.com/markets/job-openings-unexpectedly-surge-driven-entirely-government-jobs

In retrospect, that is what happened if not to the extent we had expected. As shown in the chart below, according to the BLS, in June the total number of job openings did drop by 46K from an upward revised 8.230 million to 8.184 million, where the number of government workers was indeed revised lower, however, the ultimate drop was not as big as we, or the street, had expected and it printed above the consensus estimate of 8.00 million.

And yet, the same data rigging observed last month took place once again, because a quick look at the breakdown shows that while private jobs saw another broad drop in openings across private sectors…

… this was almost fully offset by the relentless surge in government job openings.

Yes, while May was indeed revised lower, June saw another bizarre jump in government job openings, surging to a near record 1.094 million, driven by a 118K spike in State and Local job openings.

Putting it all together, while private sector job openings plunged to a level seen back in late 2018, government job openings are just shy of a record high!

Ignoring the data manipulation, in the context of the broader jobs report, in June the number of job openings was 1.373 million more than the number of unemployed workers (which the BLS reported was 6.811 million), down from last month’s 1.581 million and the lowest since the summer of 2021.

Said otherwise, in April the number of job openings to unemployed dropped to just 1.24, a sharp slide from the March print of 1.30, the lowest level since June 2021 and now officially back to pre-covid levels.

But wait there’s more: confirming that if one ignores the clearly manipulated jump in government job openings (“quick, let’s hire a ton more TSA agents and deep state apparatchiks to make it seems that Kamalanomics is working”), a quick look at the number of quits – an indicator closely associated with labor market strength as it shows workers are confident they can find a better wage elsewhere – showed a plunge in June, dropping by 121K, the most since July 2023, to just 3.282 million, the lowest since August 2020!

Finally, the piece de resistance was the number of actual hires, which in June also tumbled to just 5341, down a massive 314K in one month, the biggest monthly drop since February 2023…

… dragging the total to just 5.3 million, the lowest level since the depts of the covid lockdowns.

Finally, no matter what the “data” shows, let’s not forget that it is all just estimated, and it is safe to say that the real number of job openings remains still far lower since half of it – or some 70% to be specific – is guesswork. As the BLS itself admits, while the response rate to most of its various labor (and other) surveys has collapsed in recent years, nothing is as bad as the JOLTS report where the actual response rate remains near a record low 33%

In other words, more than two thirds, or 70% of the final number of job openings, is estimated!

And at a time when it is critical for ~~Biden~~, pardon Kamala, to still maintain the illusion that at least the labor market remains strong when everything else in the economy is crashing and burning, we’ll let readers decide if the near record number of government job openings at a time when hiring and quitting are both crashing, is an accurate reflection of a strong labor market, or is merely a reflection of a debt-funded deep state gone full tilt. We’ll know the answer on Friday.

III USA ECONOMIC COMMENTARIES

This is a first: Biden administration going after short sellers!

(zerohedge)

“This Case Is Going To Fail”: Lawyer For Andrew Left Says He’d “Never” Accept Plea Deal

MONDAY, JUL 29, 2024 – 06:00 PM

Short seller Andrew Left surrendered in Los Angeles this afternoon, CNBC reported.

James Spertus, the lawyer representing Left who was previously a prosecutor in the L.A. U.S. Attorney’s Office, said Monday prosecutors had ordered Left to turn himself in that day. Initially, the U.S. Attorney’s Office planned to request a $10 million cash deposit for his bail.

“Then they wanted several million dollars,” Spertus said. “It doesn’t make any sense. This should be Mr. Left released on his own recognizance. There’s no reason for any bond in this case.”

Spertus argued Left isn’t a flight risk, or a danger to the community – and that there are no victims in the case. “There can’t be” a plea deal, he said, since it would require Left to tell a judge that what he did was unlawful, which he says it wasn’t.

“This case is going to fail for six independent reasons,” Spertus said. “You have no duty to the market to disclose your private trading intentions.”

He said he thinks the DOJ “is trying to deter the activist short sellers, and they want to stop it.”

Spertus told CNBC that, irrespective of Left’s conviction or acquittal, the case will deter short sellers from publicly sharing their research on companies they believe to be overvalued or whose stock prices are based on false information.

“People will stop sharing their research with the market,” Spertus said. “It’s really bad for the financial markets to have a prosecution like this when the government agrees that the public statements were truthful.”

As we wrote days ago, Federal prosecutors charged short seller Andrew Left with fraud last Friday, accusing him of making misleading statements about stocks to profit from price moves triggered by his reports, according to an exclusive by the Wall Street Journal.

Known for his firm Citron Research, which targets market “lemons,” Left gained fame for betting against Valeant Pharmaceuticals and for betting against GameStop during the meme stock craze, but he has seen less success in recent years.

The DOJ wrote in a press release out Friday morning:

According to the indictment, Andrew Left, 54, formerly of Beverly Hills, California, and now a resident of Boca Raton, Florida, was a securities analyst, trader, and frequent guest commentator on cable news channels such as CNBC, Fox Business, and Bloomberg Television. Left conducted business under the name “Citron Research” (Citron), an online moniker he created as a vehicle for publishing investment recommendations. Citron’s online presence included a website and a social media account on X, formerly known as Twitter.

His media presence amplified his impact, leading followers to mimic his trades, prosecutors said:

As alleged in the indictment, Left commented on publicly traded companies, asserting that the market incorrectly valued a company’s stock and advocating that the current price was too high or too low. Left’s recommendations often included an explicit or implicit representation about Citron’s trading position—which created the false pretense that Left’s economic incentives aligned with his public recommendation—and a “target price,” which Left represented as his valuation of the company’s stock. Sometimes, the commentary represented Left’s own work. Other times, Left disseminated the commentary of third parties as his own. The commentary routinely included sensationalized headlines and exaggerated language to maximize the reaction it would get from the stock market. As alleged, Left knowingly exploited his ability to move stock prices by targeting stocks popular with retail investors and posting recommendations on social media to manipulate the market and make fast, easy money.

The Wall Street Journal reported that Left faces charges of securities fraud and lying to federal investigators, with accusations of manipulating at least 15 stocks to earn $16 million over five years. Prosecutors claim he exaggerated potential stock price declines, sometimes closing positions after minimal price drops.

The press release continued:

As further alleged in the indictment, in the leadup to publication of Citron’s commentary, Left established long or short positions in the public company on which he was commenting in his trading accounts and prepared to quickly close those positions post-publication and take profits on the short-term price movement caused by his commentary. Left allegedly used his advance knowledge and control over the timing of a market-moving event to build his positions using inexpensive, short-dated options contracts that expired from the same day that he published his commentary to within five days. Left also allegedly submitted limit orders, often prior to publication of his commentary, to close his positions as soon as the company’s shares reached a certain price and at prices vastly different from the target prices that Left recommended to the public. While Left made false representations to the public to bolster his credibility, behind the scenes, Left allegedly took contrary trading positions to reap quick profits off the stocks he either promoted or pilloried through Citron.

Left’s indictment concludes a three-year investigation into short sellers’ tactics. Prosecutors also allege Left concealed ties to hedge funds that traded on his early research, sharing profits with him. He denied these allegations to investigators in January 2021.

END

Did Buffet just pick the top of this market? Is he telling us something?

(zerohedge)

Buffett Disposes 71 Million BofA Shares As Berkshire’s Cash Stockpile Rises

TUESDAY, JUL 30, 2024 – 07:45 AM

Billionaire investor Warren Buffett’s Berkshire Hathaway has disclosed in multiple filings this month, the latest on Monday, that it is continuing to reduce its stake in Bank of America, locking in sizeable gains. This comes as Berkshire’s cash pile surged to a record in the first quarter, as Buffett has recently complained about the lack of meaningful deals.

Berkshire Hathaway began purchasing shares in late 2011 when they were around the $6 handle and has long been Bank of America’s top shareholder. However, Buffett is now taking a profit, selling about 71.2 million shares this month over the $40 handle.

According to Bloomberg, Berkshire’s stake has been reduced by 6.9% this month alone. However, it still holds nearly 962 million shares, worth around $39.5 billion at Monday’s closing price.

Berkshire was a large buyer of BofA during mid-2020 Covid turmoil. Before that, Buffett invested $5 billion into the Charlotte, North Carolina-based bank in late 2011, when the company faced massive legal liabilities after the 2008 GFC.

In early May, Buffett told investors at Berkshire’s annual meeting that “it’s a fair assumption” that the company’s cash pile would soon reach $200 billion.

“We’d love to spend it, but we won’t spend it unless we think we’re doing something that has very little risk and can make us a lot of money,” he told investors.

Buffett’s cash stockpile has been a hidden message for overvalued stocks…

In this period of lackluster deal flow, Berkshire has turned to buying back its own shares. This lull in deal activity is due to the Fed’s tight monetary policy to tame inflation.

Berkshire’s 12% stake in Bank of America shows he still supports the bank’s CEO: “I like Brian Moynihan enormously,” he said in April.

Did Buffett just call the top in the market?

END

IIIB USA COMMENTARIES RE ISRAEL/HAMAS WAR/ and PERVASIVE ANTISEMITISM/WOKISM

iiiC USA COVID //VACCINE ISSUES/IMPORTANT MEDICAL ISSUES

end

END

FREIGHT ISSUES/USA/BOEING

END

VICTOR DAVIS HANSON OR NEWT GINGRICH/TUCKER CARLSON

END

NEWT GINGRICH

SWAMP NEWS

strange!

(epoch times)

5,800 IRS Employees And Contractors Owe Nearly $50 Million In Unpaid Taxes: Treasury IG

MONDAY, JUL 29, 2024 – 07:40 PM

Authored by Mark Tapscott via The Epoch Times,

At least 5,800 IRS employees and contractors owe almost $50 million in overdue taxes and more than half of them haven’t been required to agree to a payment plan, according to the Department of the Treasury’s Inspector-General for Tax Administration (TIGTA).

In a report made available to The Epoch Times, TIGTA said auditors found 3,414, or 4 percent, of the 85,359 employees at the IRS have unpaid taxes. Of those with payment plans, $9 million remains unpaid, while $12 million is owed by employees without a payment plan.

Among IRS contractors, which include many former tax agency employees, 2,573 of 25,732 (10 percent) contractors have unpaid taxes. Of those without a payment plan, $17 million is owed and those with a payment plan have $8 million outstanding.

The TIGTA also reported that 512 former IRS employees were rehired, either as employees or contractors, despite having “tax compliance issues or conduct and performance problems, including criminal misconduct, sexual misconduct, inability to perform duties, fighting and assault, and unauthorized access to tax return information, have been rehired by the agency and its contractors,” according to Sen. Joni Ernst (R-Iowa), who requested the watchdog’s report.

Law Requires Tax Cheats Be Fired

Federal law requires that federal workers found to have unpaid taxes must be removed unless the IRS Commissioner specifically allows them to remain on the government payroll. The present IRS chief, Danny Werfel, has exercised that discretion to retain more than 1,000 such workers since 2021.

“Between October 1, 2021, and April 1, 2023, the IRS closed 1,175 cases with disciplinary actions, for 1,068 current employees, with confirmed tax noncompliance issues. During that same time period, 70 employees were identified with substantiated willful … violations and 20 were removed as a result,” the TIGTA report explained.

“Although the law requires an employee who has either willfully not filed or willfully understated their taxes due to be removed, subject only to the IRS Commissioner’s mitigation, this disciplinary action is not always enforced.”

Ms. Ernst also pointed out in a July 29 letter to Mr. Werfel that a 2023 TIGTA report “found 149,000 federal employees owe an astounding $1.5 billion in unpaid taxes. Tens of thousands are repeat tax cheats, failing to file tax returns year after year, and the number is steadily increasing.”

The number of federal workers across the government with unpaid taxes rose 32 percent between 2015 and 2021 to 149,000. Congress approved and President Bill Clinton signed into law in 1993 the Federal Employee/Retiree Delinquency Initiative (FERDI) in response to persistent tax delinquencies among government workers.

The Treasury watchdog also expressed concern in the 2024 report that having thousands of IRS employees and contractors with unpaid taxes represents a privacy security threat to all taxpayers.

“Given the ever-increasing threat of identity theft and the substantial amount of sensitive information that the IRS holds, hiring employees of high integrity is essential to safeguarding taxpayer information,” the report said.

“We believe that IRS and contractor employees who are not tax compliant could negatively affect public trust in tax administration and the perception that the IRS is being honest in its dealings with all taxpayers,” the report continued.

The TIGTA report comes as the federal tax agency is doubling its workforce thanks to an appropriation of more $80 billion. President Joe Biden, who sought the IRS workforce increase, said the additional workers will boost tax compliance, especially by taxpayers earning more than $400,000 annually.

But Ms Ernst said the new hires are instead targeting middle-income taxpayers, while the tax agency is doing too little to hold its own employees with unpaid taxes accountable.

“That is why I’m giving my July 2024 Squeal Award to the IRS for auditing honest hardworking Americans while ignoring the overdue and unpaid tax bills of its own tax collectors,” Ernst said in a July 29 statement.

The Iowa Republican’s Squeal Awards spotlight waste and fraud in the federal bureaucracy.

END

Media’s latest gambit!

Media Shills Have Received Their New Script: “Conservatives Are Weird”

TUESDAY, JUL 30, 2024 – 06:55 AM

As August approaches and the campaign season enters the final stretch, there have been some not-so-surprising developments in the behavior of Big Tech search engines, social media and the narratives being spread by establishment news organizations. Search terms for Donald Trump have been suspiciously absent on Google. Trump’s speeches are being consistently edited out of context. And, media platforms are blatantly parroting the same scripted talking points in a way that would make Joseph Goebbels blush.

As he once stated: “Think of the press as a great keyboard on which the government can play.”

This mantra has never been more obvious than it is today. The new narrative that every progressive shill is reciting on nearly every major news platform? Donald Trump and JD Vance are ‘just plain weird’, and conservatives are all weird by extension…

Supercut of NPC’s being programmed to say “weird.” pic.twitter.com/ehOg48ZiJZ
— Dave Rubin (@RubinReport) July 30, 2024

It’s hard to say who this talking point is meant to appeal to, but Democrats are clearly very proud of it. No doubt they paid an obscure think-tank a lot of money to develop it. However, the slogan slinging tactics of the elections of yesteryear are not very impressive to most of the voting public today. In the midst of stagflationary crisis, cultural sabotage, national instability and a Democratic Party seemingly intent on starting WWIII, Americans are not interested in slogans, Americans want solutions.

If you repeat a lie loud enough and often enough, it just annoys the public even more.

Perhaps the shift of Gen Z men towards more conservatives ideals has got the progressives scrambling to come up with relatable slogans. They are already referring to Kamala Harris as the “Gen Z meme queen.” Of course, as everyone knows, the political left does not know how to meme. It feels like desperation because this is their candidate going into November…

🎥Harris VEEP Mashup

Kamala Harris is the real-life VEEP.

The MSM is trying to act like gaffes never happened, we can not let them forget. pic.twitter.com/fHI658ekrJ
— Elephant Civics (@ElephantCivics) July 24, 2024

One could guess that labeling conservatives as “weird” is meant to marginalize the undeniable momentum away from woke demagoguery. Notice that Pride Month was barely a blip on the radar in 2024, Biden just got booted from his own campaign, the Trump assassin missed and the Olympics is losing sponsorships after going woke in their opening ceremonies. Leftists are not having a good year.

The pedulum is swinging back and they know it.

While we wait for Kamala Harris to say or do anything to deserve the avalanche of praise she has been receiving from the media since replacing Biden as the Democratic candidate, the “memes” are certain to flow with each new narrative being more cringe inducing than the last. None of it will be useful in papering over the fact that Kamala Harris is one of the weirdest and most unsettling presidential hopefuls of all time.

KING REPORT

The King Report July 30, 2024 Issue 7294

Independent View of the News

McDonald’s sales fall globally for first time in more than three yearsQ2 global comparable sales drop 1% vs est 0.5% growthAdj. EPS of $2.97 misses expectations of $3.07$5 meal deal sold above expectations – executivesShares rise nearly 4%McDonald’s reported a surprise drop in sales worldwide, its first decline in 13 quarters, as deal-seeking consumers shy away from higher priced menu items including Big Macs. Persistent inflation has forced lower-income consumers to shift to more affordable food options at home… McDonald’s shares, which are down 15% this year, rose nearly 4% after company executives said the $5 meal deal launched late in June sold above expectations… (Bubble sentiment still exists) https://reut.rs/4fqRdC0

@BobEUnlimited: With almost half of S&P500 companies reporting so far, the 9.8% earnings growth y/y this quarter (up 0.9% vs. initial expectations) looks pretty good. That’s until it gets compared to the 17% expected y/y earnings growth expected by 4Q24 and the 15% growth for ’25 too. Thread.
https://x.com/BobEUnlimited/status/1817875792908419506

ESUs traded positively, in a 32-handle range, with a high of 5532.50 at 8:36 ET, until they turned negative near 10:48 ET. After hitting a low of 5484.25 at 11:35 ET, ESUs turned positive at 11:48 ET. The rally hit a peak of 5523.25 at 13:13 ET and then declined to 5499.50 at 14:39 ET. A late rally took ESUs to 1515.75 at 15:46 ET. But too many traders were long; ESUs fell to 5503.50 at 16:00 ET.

@JeffWeniger: For 5 straight months the ISM Services employment gauge has been in outright contraction. At 46.1, it is consistent with April 2001, early 2008 and Covid. The Fed’s median unemployment projection for 2024, 2025 and 2026 is 4.0%, 4.2% and 4.1%, respectively. Good luck.
https://x.com/JeffWeniger/status/1817991327960678891

@WallStreetSilv: “The Treasury Department said in a statement Monday that it now estimates $740 billion in net borrowing for July through September, down from a previous prediction of $847 billion released on April 29.” That is on pace for $3 trillion added to the national debt per year.

For 25 Minutes, Secret Service in Command Center Never Notified Trump’s Detail
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.
https://www.zerohedge.com/political/25-minutes-secret-service-command-center-never-notified-trumps-detail

@RNCResearch: Harris-Biden Treasury Sec. Janet Yellen says their “transition to a lower carbon global economy” will “require no less than $3 trillion… each year between now and 2050…” (Lunatics are running the US!) https://x.com/RNCResearch/status/1817386603595039119

@nicksortor: A local SWAT officer just told ABC that his team had NO COMMUNICATION with the Secret Service prior to the shooting. This makes NO SENSE. The officer says they were supposed to have a meeting with the sniper team when they arrived, which never happened. “I then started feeling like things were very wrong,” the officer said. “This has never happened before.”
https://x.com/nicksortor/status/1817611814533755152

The USSS-Trump assassination controversy has moved from egregious incompetence to outrageous negligence, perhaps purposeful.

Google omits Trump assassination attempt from a key feature: ‘Big Tech is trying to interfere in the election’ (USSR tactics! Google is a huge part of the Deep State.)  https://trib.al/4NuDA8t

@kylenabecker: Google is not only censoring news about the Trump assassinat*on attempt, but it is also redirecting Trump campaign searchers to Kamala Harris puff pieces. Big Tech is now the biggest threat to democracy. (Blatant election interference!) https://x.com/kylenabecker/status/1817988164956684341

@elonmusk: Wow, Google has a search ban on President Donald Trump! Election interference?
They’re getting themselves into a lot of trouble if they interfere with the election.

@seanmdav: The regime allows Google to maintain its illegal monopoly, and Google repays the favor by rigging elections and censoring speech for the regime.

Facebook admits it wrongly censored iconic photo of bleeding Trump pumping his fist after assassination attempt: ‘This was an error’ https://trib.al/7IUENOl

@JackPosobiec: Every leader of the natl security agencies knows that if Trump returns, they are going to be fired and likely investigated. There is no reason to trust anything they are saying now. They have every incentive to lie and interfere just as much as they did, if not even more than the last 2 elections

Positive aspects of previous session
Stocks rallied on McDonald’s and Fang buying (the meat of Fang results in nigh)
Bonds rallied modestly

Negative aspects of previous session
For a rally day, the action was listless; and the afternoon was negative
The DJIA declined 49.41 despite MCD closing +9.42 (+3.74%)
The Russell 2000 was notably weak and close -1.09%. Perhaps laggard buying has ended.
The S&P 500 Index high appeared at 10:06 ET.
Oil and gasoline declined sharply

Ambiguous aspects of previous session
Are traders too bullish for Fed Week and Fangs results?

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

Pivot Point for S&P 500 Index [above/below indicates daily trend to traders]:
Previous session S&P 500 Index High/Low: 5487.74; 5444.44

Iran trying to sabotage Trump’s presidential campaign: US intelligence (Iran aligned with Dems!)
Tehran using ‘vast webs of online personas and propaganda mills’ against Trump
https://www.foxnews.com/politics/iran-trying-sabotage-trumps-presidential-campaign-us-intelligence

U.S. warned Israel against targeting Hezbollah in Beirut after deadly strike
“The situation would likely spiral out of control,”… (Biden-Harris continues to impede Israel.)
https://www.axios.com/2024/07/28/us-warned-israel-against-targeting-beirut-hezbollah

@ABC: North Carolina Gov. Roy Cooper withdraws from race to be Vice Pres. Kamala Harris’ vice presidential running mate.

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 will be bullish into Fed Day on Wednesday.

This means dip buyers will be bold and aggressive until the Fed and/or Powell change their attitudes. Rumors about Microsoft’s results could impact afternoon trading. Caveat: Monday’s action was overall negative: The S&P peaked after 36 minutes of NYSE trading; selling appeared after all rally attempts.

NQUs are -54.50 and ESUs are -10.25 at 20:15 ET.

Expected economic data: May FHFA House Price Index 0.3% m/m; May S&P CoreLogic 20-city home prices 0.3% m/m & 6.31% y/y; July Conference Board Consumer Confidence 99.5; June JOLTS Job Openings 8.055m; Two-day FOMC Meeting begins.

Expected earnings: MRK 2.17, PG 1.37, PFE .47, GLW .47, MDLZ .79, AMD .68, MSFT 2.94

@charliekirk11: KAMALA HARRIS: “We must have the courage to object to the term Radical Islamic Terrorist.” “We also must have the courage to object to the term illegal alien.” https://t.co/PQ8m57jCt4

@stillgray: Kamala Harris is somehow even less coherent than a man with Alzheimer’s.
https://x.com/stillgray/status/1817499209236439331

@RNCResearch: Top Kamala surrogate Elizabeth Warren says the highest priority of a Harris presidency would be MASS CITIZENSHIP for the millions of illegal aliens living in the country — right in the middle of the Harris-Biden border invasion. https://x.com/RNCResearch/status/1817628885766275117

@ABC: The Harris campaign has responded to Trump’s comment that Christians won’t have to vote again if he’s reelected, calling it a “vow to end democracy.” “Christians, get out and vote just this time.” “You won’t have to do it anymore. Four more years. You know what? It’ll be fixed,” Trump said.
https://t.co/gtFU4SsM7a

AP: Harris campaign is blocking reporters from talking to voters outside the press pen here at Whitmer/Shapiro event in Montgomery County, Pennsylvania. (Harris is being sheltered, just like Joe)

@pennslinger: Hundreds are filling up the Wissahickon High School auditorium for Gov Josh Shapiro and MI Gov Gretchen Whitmer campaigning for Kamala Harris. Up to 1,000 are expected to attend tonight’s rally in the Philly suburbs. (The PA& MI Governors cannot attract >1000 people?!?)
https://x.com/pennslinger/status/1817999239311499464

The only way for Trump to lose is if he says stupid stuff. And saying ‘you won’t have to vote in 4 years because I will fix it’ is meaningless, stupid, and worthless.

Trump Praises Female Secret Service Agent Who Shielded Him: ‘She Was So Brave‘ https://t.co/LH4OX8bCPB

@AmandaMilius: Trump was literally Gods breath away from being killed 14 days ago and the news cycle on both “sides” has moved on like 10 different times. I’m in no way over this. I still feel sick about it and they’re pushing us along like business as usual in a campaign season.

Biden, Harris call for Supreme Court term limits, code of conduct, limits on presidential immunity
https://www.foxnews.com/politics/biden-calls-supreme-court-term-limits-code-conduct-limits-presidential-immunity

When things don’t go Dems’ way, they will burn down destroy everything and anything! How about term limits for Congress? How about a code of ethics for Congress? How about removing immunity for official actions for Congress?

@JonathanTurley: President Biden is citing a series of cases with which he disagrees as the basis for seeking to fundamentally change the Court. The message is clear. If the Court ruled as he demanded, it would not have to be changed… The President has a curious way of “restoring faith in the Court” by subjecting it to impulse-buy political measures…Biden is not taking questions. He is proposing to strip away life tenure on the Court after two centuries but will not take questions.

@DanScavino: Biden’s rambling political speech on Supreme Court Reform, what a joke! People see right through it—He is SO ANGRY right now, that he failed to put his political opponent (Trump) behind bars before the 2024 Presidential Election—and as a result, operatives at the highest levels of the Dem Party threatened to forcibly remove him from office by invoking the 25th Amendment to the US Constitution, because he was going to get crushed by Trump. What a time to be alive!!!!!

Biden bizarrely calls Mike Johnson ‘dead on arrival’ after House speaker knocks Supreme Court overhaul https://trib.al/dlMdvSi

Kamala Harris’ ‘religious bigotry’ issue: 2024 hopeful’s anti-Catholic comments resurface as her self-proclaimed Baptist faith undergoes test – Catholic groups criticized Harris for questioning the faith of a judicial nominees
https://www.dailymail.co.uk/news/article-13668017/kamala-harris-anti-catholic-religious-bigotry.html

Pelosi’s top security aides got warning about Capitol breach night before Jan. 6 riot, memos show
Newly unearthed memos may explain why Nancy Pelosi privately expressed she felt responsible for Jan. 6 security failures. https://justthenews.com/government/security/pelosis-staff-may-have-received-briefing-about-intel-january-6-new

@TrumpDailyPosts: Why is FoxNews putting on Crazy Kamala Harris Rallies? Why do they allow the perverts at the failed and disgraced Lincoln Project to advertise on FoxNews? Even Mr. Kellyanne Conway, a man so badly hurt and humiliated by his wife (she must have done some really NASTY things to him, because he is CRAZY!), is advertising on FoxNews. We have to WIN WITHOUT FOX!

“Journalism is printing what someone else does not want printed: everything else is public relations.” George Orwell

GREG HUNTER

SEE YOU ON WEDNESDAY

JULY 30 BLOG/TODAY’S BLOG WILL BE A WORK IN PROGRESS//ALL OF THE COMEX DATA IS NOW COMPLETE/GOLD CLOSED UP $26.45 TO $2407.00 SILVER WAS UP 61 CENTS TO $28.32/PLATINUM WAS UP $12.45 TO $964.95//PALLADIUM WAS DOWN 12.75 TO $895.95

GOLD: NUMBER OF NOTICES FILED FOR JUNE/2024. CONTRACT: 8 NOTICES FOR 800 OZ or 0.0249 TONNES

total notices so far: 3759 contracts for 357900 Oz (11.692 tonnes)

FOR JULY:

SILVER NOTICES: 26 NOTICE(S) FILED FOR 0.130 million

OZ/

total number of notices filed so far this month : 6175 for 30.875 million oz

Prepper Paradise: Gold’s Power When It All Goes Down

Brien Lundin: The metals bull market has begun and NOLA conference can be your guide to it

Jan Nieuwenhuijs: China’s gold conduit revealed, shows central bank did not stop buying in May

Jan Nieuwenhuijs: China’s gold conduit revealed, shows central bank did not stop buying in May

David Morgan, Stefan Gleason discuss the future of sound money

Futures Rise As Microsoft Earnings, Central Bank Avalanche Looms

Modest positive bias into US data and numerous large-cap earnings – Newsquawk US Market Open

EUROPEAN TRADE

EQUITIES

FX

FIXED INCOME

COMMODITIES

GEOPOLITICS

CRYPTO

APAC TRADE

APAC equities pressured with broader action rangebound into risk events – Newsquawk Europe Market Open

US TRADE

EQUITIES

APAC TRADE

EQUITIES

FX

FIXED INCOME

COMMODITIES

CRYPTO

GEOPOLITICAL

EU/UK

North African Crime-Rate Explodes In Germany

Rouen synagogue arson: Community faces ongoing antisemitism and trauma despite repair efforts

Following a May arson attack on the Rouen Synagogue, the Jewish community faces ongoing antisemitism and trauma, despite repair efforts.

Important to protect the community bonds

Israel allegedly attacked military bases in southern Syria, Syrian media claims – report

US response to Hezbollah attack on Majdal Shams influences regional dynamics – analysis

The US response to Hezbollah’s attack on Majdal Shams is closely watched, influencing regional perceptions and shaping US-Israel dynamics amid ongoing tensions.

Concerns rise over new Hezbollah strategy

Benjamin Netanyahu vows strong response to Hezbollah attack killing 12 children in Majdal Shams

Prime Minister Netanyahu vowed a strong response to Hezbollah’s attack that killed 12 children, despite international calls for restraint.

‘These children are our children’

At Least 1 Dead, 68 Injured, After Huge Israeli Airstrike On South Beirut

Post

Conversation

Israel and UAE preparing nightmare for Iran, Houthis right on their doorstep – analysis

Israel has no direct presence in the Socotra Archipelago, but everything happening there aims to serve its security through its ally, the UAE.

Urgency to establish an alliance increased after October 7

Putin Vows ‘Mirror Measures’ After US Plans Long-Range Missiles For Germany

Pentagon Finds Another $2 Billion In Ukraine Aid ‘Accounting Errors’

When did the Olympics go to hell?

The opening act in Paris featured not just that (Satanic) parody of the Last Supper, but also—and worse yet—an outright DANCE OF DEATH that seemed to CELEBRATE the millions “dying suddenly” worldwide

J6 prisoners are living under torture; and Amazon has just ERASED a 4-year-old book critical of Kamala Harris

So which side won World War II? (And why has “fighter” Donald Trump said not a word about the plight of those arrested after “January 6″—including some who weren’t even in the Capitol that day?)

And did you know that Donald and Ivanka donated thousands to Harris’s campaigns?

I

J6 PRISONERS FORCED TO TAKE JAB OR DIE

PART 2: J6 POLITICAL PRISONERS TORTURED IN JAILS

II

No avian bird flu, none, ZERO, I warn again, there is no H5N1, H5N2, H5N8 avian bird flu pandemic; yes the powers at be trying to use the fake fraud OVER-CYCLED RT-PCR ‘process’ to create a pandemic

out of NOTHING! DO NOT fall for it! No evidence of any pandemic (we never had a pandemic), of no bona fide spread of anything from birds to cattle to humans, of human-to-human spread, ZERO

Texas Oil Regulator Opens Probe After Earthquakes Hit The Permian

Evening Protests Explode In Venezuela As Opposition Crowds Descend On Caracas, Head To Presidential Palace

Bonds & Bullion Bid; Crude, Crypto, & Mega-Cap Skid Ahead Of Fed/BoJ

US Home Prices Rose For 15th Straight Month In May, Despite Soaring Rates

Conference Board Consumer Confidence ‘Revised Down’ Again…

Catastrophic JOLTS: Private Sector Job Openings Plunge To 6 Year Low As Both Hiring And Quits Crater

“This Case Is Going To Fail”: Lawyer For Andrew Left Says He’d “Never” Accept Plea Deal

Buffett Disposes 71 Million BofA Shares As Berkshire’s Cash Stockpile Rises

5,800 IRS Employees And Contractors Owe Nearly $50 Million In Unpaid Taxes: Treasury IG

Law Requires Tax Cheats Be Fired

Media Shills Have Received Their New Script: “Conservatives Are Weird”

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