GOLD PRICE CLOSED UP $10.50 TO $2434,10

SILVER PRICE DOWN $0,03 TO $27.52

Gold ACCESS CLOSED $2429.70

Silver ACCESS CLOSED: $27,42

Bitcoin morning price:$60,566 UP 700 DOLLARS.

Bitcoin: afternoon price: $60,841 UP 975 DOLLARS

Platinum price closing UP $2.65 TO $926,00

Palladium price; UP $14.35 TO $911.35

END

SHANGHAI GOLD PREMIUM 0 DOLLARS/COMEX GOLD//august to august

SHANGHAI GOLD (USD) FUTURES – QUOTES

Last Updated 09 Aug 2024 06:43:19 AM CT.

Market data is delayed by at least 10 minutes.

MONTH	LAST	CHANGE	PRIOR SETTLE	OPEN	HIGH	LOW	VOLUME	UPDATED
AUG 2024 SGUQ4	–	–	2407.0	–	–	–	0	23:30:01 CT 08 Aug 2024
SEP 2024 SGUU4	–	–	2407.2	–	–	–	0	23:30:01 CT 08 Aug 2024
OCT 2024 SGUV4	2449.7	+23.0 (+0.95%)	2426.7	2453.0	2458.0	2445.6	502	02:12:39 CT 09 Aug 2024
DEC 2024 SGUZ4	–	–	2446.7	–	–	–	0	23:30:01 CT 08 Aug 2024
FEB 2025 SGUG5	–	–	2447.3	–	–	–	0	23:30:01 CT 08 Aug 2024
APR 2025 SGUJ5	–	–	2447.9	–	–	–	0	23:30:01 CT 08 Aug 2024
JUN 2025 SGUM5	–	–	2448.5	–	–	–	0	23:30:01 CT 08 Aug 2024

About this Report

*CANADIAN GOLD: $3335.26 UP 7.56 CDN dollars per oz( * NEW ALL TIME HIGH 3,390.26 CDN DOLLARS PER OZ//AUG 1 2024)

*BRITISH GOLD: 1,904/07 UP 2.97 Pounds per oz// *(NEW ALL TIME HIGH//CLOSING///1933.24 BRITISH POUNDS/OZ) APRIL 19/2024

*EURO GOLD: 2,223.31 UP 4.00 Euros per oz //* (ALL TIME CLOSING HIGH: 2.264.61 EUROS PER OZ//AUGUST 1 //.2024)

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END

EXCHANGE: COMEX

EXCHANGE: COMEX
CONTRACT: AUGUST 2024 COMEX 100 GOLD FUTURES
SETTLEMENT: 2,422.200000000 USD
INTENT DATE: 08/08/2024 DELIVERY DATE: 08/12/2024
FIRM ORG FIRM NAME ISSUED STOPPED

118 H MACQUARIE FUT 1
190 H BMO CAPITAL 13
323 C HSBC 2
363 H WELLS FARGO SEC 57
555 H BNP PARIBAS SEC 4
657 C MORGAN STANLEY 1
661 C JP MORGAN 21
661 H JP MORGAN 12
709 C BARCLAYS 3

TOTAL: 57 57
MONTH TO DATE: 17,176

JPMorgan stopped 33/57

GOLD: NUMBER OF NOTICES FILED FOR AUGUST/2024. CONTRACT: 57 NOTICES FOR 5700 OZ or 0.1621 TONNES

total notices so far: 17,176 contracts for 1,717,600 Oz (53.426 tonnes)

FOR AUGUST:

SILVER NOTICES: 18 NOTICE(S) FILED FOR 90,000

OZ/

total number of notices filed so far this month : 700 for 3.50000 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 $10.50 INVESTORS SWITCHING TO SPROTT PHYSICAL (PHYS) INSTEAD OF THE FRAUDULENT GLD/ HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 2.87 TONNES OF GOLD INTO THE GLD//

/ /INVENTORY RESTS AT 846.91 TONNES

INVENTORY RESTS AT 846.91 TONNES

SLV/

WITH NO SILVER AROUND AND SILVER DOWN $.03 AT THE SLV

NO CHANGES IN SILVER INVENTORY AT THE SLV:

// INVENTORY AT 465.743+ MILLION OZ/

INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV.

CLOSING INVENTORY: 465.743 MILLION OZ

Let us have a look at the data for today

SILVER//OUTLINE

SILVER COMEX OI FELL BY A HUGE SIZED 1249 CONTRACTS TO 146,006 AND STALLING ON ITS MARCH TO THE RECORD HIGH OI OF 244,710, SET FEB 25/2020, AND THIS FAIR SIZED LOSS IN COMEX OI WAS ACCOMPLISHED WITH SMALL LIQUIDATION OF OI FROM OUR SPREADERS/TAS WITH OUR HUGE GAIN OF $0.70 IN SILVER PRICING AT THE COMEX ON THURSDAY’S TRADING. SOME OF OUR OI LIQUIDATION ACCOMPANIED OUR STRONG LOSS OF 324 CONTRACTS ON OUR TWO EXCHANGES AS WE HAD SMALL LIQUIDATION OF T.A.S. CONTRACTS DURING THURSDAY’S TRADING//. WE HAD SOME COVERING BY OUR SPECS WITH THE CONSIDERABLE RISE IN PRICE AS WE HAD A HUGE 950 CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE ACCOMPANIED BY A HUMONGOUS 4548 CONTRACT T.A.S ISSUANCE. IN ESSENCE WE LOST 324 CONTRACTS ON OUR TWO EXCHANGES DESPITE THE HUGE GAIN IN PRICE.

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 THUSDAY NIGHT: 4548 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 BUT TO NO AVAIL. IT ALSO LOOKS LIKE THE FED (GOV’T) IS BEHIND EVERY DAY TRADING.

WE HAVE IN THE PAST YEAR SET ANOTHER RECORD LOW AT 114,102 CONTRACTS ///JULY 3.2023// OUR BANKERS WITH THE HELP OF SPECULATORS AND HIGH FREQUENCY TRADERS WERE UNSUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT ROSE BY $0.70) AND WERE SOMEWHAT SUCCESSFUL IN KNOCKING A FEW SILVER LONGS FROM THEIR PERCH AS WE HAD A STRONG SIZED LOSS OF 324 CONTRACTS ON OUR TWO EXCHANGES.

WE HAD A HUGE 925 CONTRACT ISSUANCE OF EXCHANGE FOR PHYSICALS) iiii) AN INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 3.005 MILLION OZ (FIRST DAY NOTICE) FOLLOWED BY TODAY’S 90,000 OZ QUEUE JUMP //NEW STANDING ADVANCES TO 4.055 MILLION OZ

//NEW STANDING FOR SILVER//AUGUST IS THUS 4.055 MILLION OZ

WE HAD:

/ HUGE SIZED COMEX OI GAIN //HUGE SIZED EFP ISSUANCE/ VI) HUGE SIZED NUMBER OF T.A.S. CONTRACT ISSUANCE 4548 CONTRACTS)/

I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL REMOVED 313 CONTRACTS//

HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS JUNE ACCUMULATION FOR EFP’S SILVER/JPMORGAN’S HOUSE OF BRIBES/STARTING FROM FIRST DAY/MONTH OF AUGUST

TOTAL CONTRACTS for 7 DAYS, total 10,415 contracts: OR 52.075 MILLION OZ (1487 CONTRACTS PER DAY)

TOTAL EFP’S FOR THE MONTH SO FAR: 52.075 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/)

AUGUST; 52.075 MILLION OZ//THIS MONTH WILL PROBABLY BE A VERY STRONG FOR ISSUANCE.

RESULT: WE HAD A HUGE SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 1249 CONTRACTS DESPITE OUR STRONG GAIN IN PRICE OF SILVER PRICING AT THE COMEX//THURSDAY.,. THE CME NOTIFIED US THAT WE HAD A HUGE EFP ISSUANCE CONTRACTS: 925 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 AUGUST OF 3.005 MILLION OZ ON FIRST DAY NOTICE FOLLOWED BY TODAY’S 90,000 OZ QUEUE JUMP

//NEW TOTAL STANDING FOR JULY 4.055 MILLION OZ

WE HAVE A SMALL SIZED LOSS OF 324 OI CONTRACTS ON THE TWO EXCHANGES DESPITE THE GAIN IN PRICE…..THE TOTAL OF TAS INITIATED CONTRACTS TODAY: A GIGANTIC SIZED 4625 CONTRACTS,//SOME FRONT END OF THE TAS CONTRACTS WERE LIQUIDATED DURING THE THURSDAY COMEX TRADING WHICH ACCOUNTS FOR THE MAJOR PORTION OF THE COMEX OI LOSS//// SOME SHORT COVERING FROM OUR SPEC SHORTS AND LITTLE IF ANY LIQUIDATION OF LONGS. ALSO SOME OF OUR LONGS EXERCISED THEIR RIGHT AND TENDERED FOR PHYSICAL SILVER.

THE NEW TAS ISSUANCE THURSDAY NIGHT (4548) WILL BE PUT INTO “THE BANK” TO BE COLLUSIVELY USED AT A LATER DATE//AND MOST LIKELY TODAY., .

WE HAD 18 NOTICE(S) FILED TODAY FOR 90,000 OZ

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

GOLD//OUTLINE

IN GOLD, THE COMEX OPEN INTEREST ROSE BY A STRONG SIZED 7033 OI CONTRACTS TO 485,651 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 XXX CONTRACTS

WE HAD A FAIR SIZED INCREASE IN COMEX OI (1502 CONTRACTS) OCCURRED WITH OUR GAIN OF $31.50 IN PRICE/THURSDAY. THE FRBNY SUPPLIED THE NECESSARY SHORT PAPER.. WE ALSO HAD A HUGE INITIAL STANDING IN GOLD TONNAGE FOR AUGUST AT 65.55 TONNES ON FIRST DAY NOTICE FOLLOWED BY TODAY’S 2700 OZ QUEUE JUMP AS FINALLY GUYS ARE STANDING FOR GOLD AT THE COMEX

NEW STANDING REDUCES TO 65.3405 TONNES

/ ALL OF THIS HAPPENED WITH OUR $31.50 GAIN IN PRICE WITH RESPECT TO THURSDAY’S TRADING. WE HAD A FAIR SIZED GAIN OF 3247 OI CONTRACTS (10.099 PAPER TONNES) ON OUR TWO EXCHANGES, WITH MANY LONGS, REMAINING AT THE END OF THE DAY, TENDERING 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 FAIR SIZED 1745 CONTRACTS:

The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 480,120

IN ESSENCE WE HAVE A STRONG SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 3247 CONTRACTS WITH 1502 CONTRACTS INCREASED AT THE COMEX// AND A FAIR SIZED 1745 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN ON THE TWO EXCHANGES OF 3247 CONTRACTS.. WE HAD THE FOLLOWING TAS CONTRACTS INITIATED (ISSUED): A GOOD 2286 CONTRACTS,

CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES

WE HAD A FAIR SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (1745 CONTRACTS) ACCOMPANYING THE FAIR SIZED GAIN IN COMEX OI OF 1502 CONTRACTS/TOTAL GAIN FOR OUR THE TWO EXCHANGES: 8778 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 AUGUST AT 65.55 TONNES FOLLOWED BY TODAY’S 2700 OZ QUEUE JUMP AS THESE BOYS JUMP THE QUEUE TO STAND AT THE COMEX./

//NEW STANDING REDUCES TO: /AUGUST 65.3405 TONNES.

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

4) STRONG SIZED COMEX OPEN INTEREST GAIN 5) FAIR ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER///GOOD T.A.S. ISSUANCE: 1745 CONTRACTS

HISTORICAL ACCUMULATION OF EXCHANGE FOR PHYSICALS IN 2023-2024 INCLUDING TODAY

AUGUST

ACCUMULATION OF EFP’S GOLD AT J.P. MORGAN’S HOUSE OF BRIBES: (EXCHANGE FOR PHYSICAL) FOR THE MONTH OF AUGUST. :

TOTAL EFP CONTRACTS ISSUED: 42,106 CONTRACTS OF 4,210,600 OZ OR 130.96 TONNES IN 7 TRADING DAY(S) AND THUS AVERAGING: 6015 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 7 TRADING DAY(S) IN TONNES 130.96 TONNES

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

THUS EFP TRANSFERS REPRESENTS 130.96 DIVIDED BY 3550 x 100% TONNES = 3.69% 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: 351. 65 TONNES (3RD HIGHEST EVER RECORDED EXCHANGE FOR PHYSICAL AND THE HIGHEST EVER RECORDED POST BASEL III)

AUGUST: 130.96 TONNES//THIS MONTH WILL NO DOUBT BE A HUGE ISSUANCE OF EFP’S SIMILAR TO SILVER. QUITE POSSIBLY WILL BE A RECORD ISSUANCE

SPREADING OPERATIONS

(/NOW SWITCHING TO GOLD) FOR NEWCOMERS, HERE ARE THE DETAILS

SPREADING LIQUIDATION HAS NOW COMMENCED AS WE HEAD TOWARDS THE NEW ACTIVE FRONT MONTH OF AUGUST. WE ARE NOW INTO THE SPREADING OPERATION OF GOLD

HERE IS A BRIEF SYNOPSIS OF HOW THE CROOKS FLEECE UNSUSPECTING LONGS IN THE SPREADING ENDEAVOUR ;MODUS OPERANDI OF THE CORRUPT BANKERS AS TO HOW THEY HANDLE THEIR SPREAD OPEN INTERESTS:HERE IS HOW THE CROOKS USED SPREADING AS WE ARE NOW INTO THE NON ACTIVE DELIVERY MONTH OF NOV HEADING TOWARDS THE ACTIVE DELIVERY MONTH OF FEB., FOR GOLD: AND MARCH FOR SILVER

YOU WILL ALSO NOTICE THAT THE COMEX OPEN INTEREST STARTS TO RISE BUT SO IS THE OPEN INTEREST OF SPREADERS. THE OPEN INTEREST IN WILL CONTINUE TO RISE UNTIL ONE WEEK BEFORE FIRST DAY NOTICE OF AN UPCOMING ACTIVE DELIVERY MONTH (AUG), AND THAT IS WHEN THE CROOKS SELL THEIR SPREAD POSITIONS BUT NOT AT THE SAME TIME OF THE DAY. THEY WILL USE THE SELL SIDE OF THE EQUATION TO CREATE THE CASCADE (ALONG WITH THEIR COLLUSIVE FRIENDS) AND THEN COVER ON THE BUY SIDE OF THE SPREAD SITUATION AT THE END OF THE DAY. THEY DO THIS TO AVOID POSITION LIMIT DETECTION. THE LIQUIDATION OF THE SPREADING FORMATION CONTINUES FOR EXACTLY ONE WEEK AND ENDS ON FIRST DAY NOTICE.”

WHAT IS ALARMING TO ME, ACCORDING TO OUR LONDON EXPERT ANDREW MAGUIRE IS THAT THESE EFP’S ARE BEING TRANSFERRED TO WHAT ARE CALLED SERIAL FORWARD CONTRACT OBLIGATIONS AND THESE CONTRACTS ARE LESS THAN 14 DAYS. ANYTHING GREATER THAN 14 DAYS, THESE MUST BE RECORDED AND SENT TO THE COMPTROLLER, GREAT BRITAIN TO MONITOR RISK TO THE BANKING SYSTEM. IF THIS IS INDEED TRUE, THEN THIS IS A MASSIVE CONSPIRACY TO DEFRAUD AS WE NOW WITNESS A MONSTROUS TOTAL EFP’S ISSUANCE AS IT HEADS INTO THE STRATOSPHERE.

The crooks also use the spread in the TAS account (trade at settlement). They buy the spot TAS (e.g. June) and sell the future TAS two months out (e.g. August). Then they unload the front month (i.e. unload the buy side first so the price of gold/silver falls. This occurs in the middle of the front delivery month cycle. They unload the sell side of the equation, two months down the road. The crooks violate position limits as the OCC refuse to hear our complaints.

First, here is an outline of what will be discussed tonight:

1.TODAY WE HAD THE OPEN INTEREST AT THE COMEX IN SILVER FELL BY A HUGE SIZED 1247 CONTRACTS OI TO 146,313 AND CLOSER TO THE COMEX HIGH RECORD //244,710( SET FEB 25/2020). THE LAST RECORDS WERE SET IN AUG.2018 AT 244,196 WITH A SILVER PRICE OF $14.78/(AUGUST 22/2018)..THE PREVIOUS RECORD TO THAT WAS SET ON APRIL 9/2018 AT 243,411 OPEN INTEREST CONTRACTS WITH THE SILVER PRICE AT THAT DAY: $16.53). AND PREVIOUS TO THAT, THE RECORD WAS ESTABLISHED AT: 234,787 CONTRACTS, SET ON APRIL 21.2017 OVER 6 YEARS AGO. HOWEVER WE HAVE NOW SET A NEW RECORD LOW OF 114,102 CONTRACTS JULY 3.2023

EFP ISSUANCE 925 CONTRACTS

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

SEPT 925 and ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 925 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 1243 CONTRACTS AND ADD TO THE 925 E.FP. ISSUED

WE OBTAIN A STRONG SIZED LOSS OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES OF 324 CONTRACTS

THUS IN OUNCES, THE LOSS ON THE TWO EXCHANGES TOTALS 1.620 MILLION OZ OCCURRED DESPITE OUR $.70 GAIN IN PRICE

END

OUTLINE FOR TODAY’S COMMENTARY

1a/COMEX GOLD AND SILVER REPORT

(report Harvey)

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

(Peter Schiff)

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

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

b. Other gold/silver commentaries

c. Commodity commentaries//

d)/CRYPTOCURRENCIES/BITCOIN ETC

2.ASIAN AFFAIRS//

FRIDAY MORNING/THURSDAY NIGHT

SHANGHAI CLOSED DOWN 7.71 PTS OR 0.27% //Hang Seng CLOSED UP 198.40 PTS OR 1.17% // Nikkei CLOSED UP 193.85 OR 0.56%//Australia’s all ordinaries CLOSED UP 1.32%///Chinese yuan (ONSHORE) CLOSED UP TO 7,1705 CHINESE YUAN OFFSHORE CLOSED UP TO 7.1710/ Oil UP TO 76.52 dollars per barrel for WTI and BRENT UP AT 79.52 Stocks in Europe OPENED ALL GREEN

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

A)NORTH KOREA/SOUTH KOREA

outline

b) REPORT ON JAPAN/
OUTLINE

3 CHINA
OUTLINE

4/EUROPEAN AFFAIRS
OUTLINE

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
OUTLINE

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

7. OIL ISSUES
OUTLINE

8 EMERGING MARKET ISSUES
9. USA

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

GOLD

LET US BEGIN:

THE TOTAL COMEX GOLD OPEN INTEREST ROSE BY A FAIR SIZED 1502 CONTRACTS TO 480,620 WITH OUR GAIN IN PRICE OF $31.50 WITH RESPECT TO THURSDAY’S TRADING. WE LOST A LITTLE NUMBER OF SPREADER/T.A.S. CONTRACTS AS SHORTS CONTINUED TO PANICK THROUGHOUT THE SESSION AND COVERED AT MUCH HIGHER PRICES. THE FED IS THE MAJOR SHORT OF AROUND 116 TONNES+ OF GOLD OWING TO THE B.I.S. THE FED NEEDS TO COVER AS THEY ARE VERY WORRIED ABOUT WHAT IS GOING TO HAPPEN TO GOLD PRICES ONCE THE BRICS BEGIN THEIR INITIATIVE AND ABANDON THE USA DOLLAR.

OUR LONDONERS ALSO BOUGHT NEW MASSIVE QUANTITIES OF LONGS AND THIS WILL BE TENDERED FOR PHYSICAL ON A T + 1 BASIS. BECAUSE GOLD IS BASEL III COMPLIANT, GOLD MUST BE DELIVERED IN A VERY TIMELY 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 THURSDAY’S HUGE GAIN IN PRICE WITH ZERO LONGS BEING CLIPPED (AS YOU WILL SEE BELOW) 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 ACTIVE DELIVERY MONTH OF AUGUST.… THE CME REPORTS THAT THE BANKERS ISSUED A FAIR SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS.,

THAT IS A FAIR SIZED 1745 EFP CONTRACTS WERE ISSUED: : OCT/DEC 1745 & ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE: 1745 CONTRACTS. THESE EFP;S CIRCLE AROUND LONDON ON A 13 DAY BASIS AND ARE NOW USED BY GLOBAL CENTRAL BANKS TO EXERCISE FOR PHYSICAL GOLD WITH THE OBLIGATION TO DELIVER BEING FORCED ONTO COMEX BANKS. THE GOLD DELIVERED COMES FROM LONDON.

ON A NET BASIS IN OPEN INTEREST WE GAINED THE FOLLOWING TODAY ON OUR TWO EXCHANGES: A STRONG SIZED TOTAL OF 3247 CONTRACTS IN THAT 1745 LONGS WERE TRANSFERRED AS EXCHANGE FOR PHYSICALS TO LONDON AND WE HAD A FAIR SIZED GAIN OF 1502 COMEX CONTRACTS..AND THIS STRONG GAIN ON OUR TWO EXCHANGES HAPPENED WITH OUR GAIN IN PRICE OF $31.50/THURSDAY COMEX RAID. THE EXCHANGE FOR PHYSICALS WILL BE USED BY CENTRAL BANKS, TO EXERCISE FOR PHYSICAL GOLD AS MENTIONED ABOVE.

AS PER OUR NEWBIE TRADE AT SETTLEMENT (TAS) MANIPULATION OPERATION (WHICH CRAIG HEMKE HAS POINTED OUT HAPPENS DURING MID MONTH IN THE DELIVERY CYCLE), THE CME REPORTS THAT THE TOTAL T.A.S. ISSUANCE FOR THURSDAY NIGHT A GOOD SIZED 2286 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 AND ESPECIALLY ON THURSDAY’S TRADING.

// WE HAVE A STRONG AMOUNT OF GOLD TONNAGE STANDING: AUGUST (65.3405 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

AUGUST 65.3405 TONNES

THE SPECS/HFT WERE UNSUCCESSFUL IN LOWERING GOLD’S PRICE( IT ROSE BY $31.50 //// AND WERE UNSUCCESSFUL IN KNOCKING OFF ANY SPECULATOR LONGS AS WE DID HAVE A FAIR GAIN IN OUR TWO EXCHANGES. CENTRAL BANK LONGS , EXERCISED FOR PHYSICAL. WE HAD A FAIR SIZED T.A.S. LIQUIDATION THURSDAY/COMEX

WE HAVE GAINED A TOTAL OI OF 10.099 PAPER TONNES FROM OUR TWO EXCHANGES, ACCOMPANYING OUR INITIAL GOLD TONNAGE STANDING FOR AUGUST (65.55 TONNES) ON FIRST DAY NOTICE FOLLOWED BY TODAY’S 2900 OZ QUEUE JUMP //NEW STANDING: 65.3405 TONNES.

NEW STANDING FOR AUGUST: 65.3405 TONNES

ALL OF THIS WAS ACCOMPLISHED WITH OUR GAIN IN PRICE TO THE TUNE OF $31.50

WE HAVE REMOVED A HUGE 5531 CONTRACTS FROM THE COMEX TRADES TO OPEN INTEREST (CROOKS)//PRELIMINARY TO FINAL

NET GAIN ON THE TWO EXCHANGES 3247 CONTRACTS OR 324700 OZ (10.099

TONNES)

confirmed volume THURSDAY 192,800 contracts//poor

fair

//speculators have left the gold arena

AUGUST 9 AUGUST GOLD CONTRACT

/ /// THE AUG 2024 GOLD CONTRACT

Gold	Ounces
Withdrawals from Dealers* Inventory in oz*	nil
Withdrawals from Customer* Inventory in oz*	5112.009 Brinks 159 kilobars .
Deposit to the Dealer* Inventory in oz*	nil
Deposits to the Customer* Inventory, in oz*	NIL oz
No of oz served (contracts) today	57 notice(s) 5700 OZ 0.1621 TONNES
No of oz to be served (notices)	3831 contracts 383100 OZ 11.916 TONNES
Total monthly oz gold served (contracts) so far this month	17,176 notices 1,717,600 oz 53.424 TONNES
Total accumulative withdrawals of gold from the Dealers* inventory this month*	NIL oz
Total accumulative withdrawal of gold from the Customer* inventory this month*	x

0 dealer deposits:

total dealer deposits: nil oz

we have 0 customer deposits

total deposits NIL oz

withdrawals: 1

i) Out of Brinks 5112.009 oz (159 kilobars)

TOTAL WITHDRAWALS 5,112.009 oz

adjustments: 0

CALCULATIONS FOR THE AMOUNT OF GOLD STANDING FOR AUGUST

For the front month of AUGUST we have an oi of 3888 contracts having LOST 15 contracts.

We had 44 contracts served on Thursday so we gained an additional 29 contracts or 2900 oz will stand for gold at the comex

SEPT. GAINED 20 CONTRACTS TO STAND AT 5382 CONTRACTS.

OCTOBER LOST 64 CONTRACTS UP TO 50,909 CONTRACTS

We had 57 contracts filed for today representing 5700 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 57 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 33 notice(s) was (were) stopped (received) by J.P.Morgan//customer account

To calculate the INITIAL total number of gold ounces standing for AUGUST /2024. contract month, we take the total number of notices filed so far for the month (17,176) x 100 oz ) to which we add the difference between the open interest for the front month of August 3888( CONTRACTS) minus the number of notices served upon today (57 x 100 oz per contract( equals 2,100,700 OZ OR 65.3405 TONNES.

thus the INITIAL standings for gold for the AUGUST contract month: No of notices filed so far (17176 x 100 oz +we add the difference for front month of AUGUST (3888 X// , OI} minus the number of notices served upon today (57) x 100 oz which equals 2,100,700 oz (65.3405 TONNES)

TOTAL COMEX GOLD STANDING FOR AUGUST: 65.3405 TONNES WHICH IS HUGE FOR THIS 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: 1,653,477.242 oz 51.43 tonnes

TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD: 17,724,415.723 OZ

TOTAL REGISTERED GOLD 7954,358k.878 ( 247.41 tonnes).

TOTAL OF ALL ELIGIBLE GOLD: 9,754, 358.878 OZ

REGISTERED GOLD THAT CAN BE SERVED UPON: 6,301,364 oz (REG GOLD- PLEDGED GOLD)= 195.99 tonnes //

END

SILVER/COMEX

AUGUST 9/2024

INITIAL

//2024// THE AUG 2024 SILVER CONTRACT//INITIAL

Silver	Ounces
Withdrawals from Dealers* Inventory*	NIL oz
Withdrawals from Customer Inventory	1,216,718.216 OZ Delaware Brinks .
Deposits to the Dealer* Inventory*
Deposits to the Customer Inventory	606,833.640 oz
No of oz served today (contracts)	18 CONTRACT(S) (90,000 OZ)
No of oz to be served (notices)	111 contracts (0.555 million oz)
Total monthly oz silver served (contracts)	700 Contracts (3.50000 MILLION oz)
Total accumulative withdrawal of silver from the Dealers* inventory this month*	NIL oz
Total accumulative withdrawal of silver from the Customer* inventory this month*

i) 0 dealer deposit/

total dealer deposit : nil oz

i) We had 0 dealer withdrawal

total dealer withdrawals: 0 oz

We had 1 customer deposits:

i)Into Asahi 606,833.600 0z

total customer deposit 606,688.600 oz

JPMorgan has a total silver weight: 134.771million oz/302.408million or 44.64%

adjustment:1;dealer to customer

Asahi: 600,659.27

withdrawals: 2

i) Out of Delaware: 582,582.744

i) Out of Asahi: 634,135.420 oz

total customer withdrawals: 1,216,718.216 oz

TOTAL REGISTERED SILVER: 69.949 MILLION OZ//.TOTAL REG + ELIGIBLE. 302.408 million oz

CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR AUGUST:

silver open interest data:

FRONT MONTH OF AUGUST/2024 OI: 129 CONTRACTS HAVING GAINED 16 CONTRACT(S).

WE HAD 2 NOTICES SERVED ON THURSDAY, SO WE GAINED 18 CONTRACTS OR AN ADDITIONAL 90,000 OZ WILL STAND FOR SILVER AT THE COMEX.

SEPT SAW A LOSS OF 6368 CONTRACTS TO 82,338. SEPT NOW BECOMES THE NEW FRONT MONTH

OCTOBER SAW ANOTHER GAIN OF OPEN INTEREST CONTRACTS OF 44 CONTRACTS AND THUS WE HAVE 194 OPEN INTEREST CONTRACTS FOR OCTOBER.

TOTAL NUMBER OF NOTICES FILED FOR TODAY: 18 for 90,000 oz

CONFIRMED volume; ON THURSDAY 89,949 strong

To calculate the number of silver ounces that will stand for delivery in AUGUST we take the total number of notices filed for the month so far at 700 x 5,000 oz = 3.500 MILLION oz

to which we add the difference between the open interest for the front month of AUGUST( 129) and the number of notices served upon today 18 x (5000 oz) equals the number of ounces standing.

Thus the standings for silver for the AUGUST/2024 contract month: 700 notices served so far) x 5000 oz + OI for the front month of AUGUST (129)x number of notices served upon today minus (18)x 5000 oz of silver standing for the AUGUST contract month equates to 4.055 MILLION OZ.

New total standing: 4.055 million oz.

There are 69.585 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

AUGUST 9 WITH GOLD UP $10.50 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 2.87 TONNES OF GOLD INTO THE GLD////INVENTORY RESTS AT 846.91 TONNES

AUGUST 8 WITH GOLD UP $31.50 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 4.02 TONNES OF GOLD OUT OF THE GLD////INVENTORY RESTS AT 844.04 TONNES

AUGUST 7 WITH GOLD UP $1.90 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 3.16 TONNES OF GOLD INTO THE GLD////INVENTORY RESTS AT 848.06 TONNES

AUGUST 6 WITH GOLD DOWN $13.10 ON THE DAY; SMALL CHANGES IN GOLD AT THE GLD” A WITHDRAWAL OF .57 TONNES OF GOLD FROM THE GLD////INVENTORY RESTS AT 844.90 TONNES

AUGUST 2 WITH GOLD DOWN $9.95 ON THE DAY; HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 0.58 TONNES OF GOLD OUT OF THE GLD//INVENTORY RESTS AT 845.47 TONNES

AUGUST 1 WITH GOLD UP $9.15 ON THE DAY; HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 2.88 TONNES OF GOLD INTO THE GLD//INVENTORY RESTS AT 846.05 TONNES

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

GLD INVENTORY: 846.91 TONNES, TONIGHTS TOTAL

SILVER

AUGUST 9//WITH SILVER DOWN $.03//NO CHANGES IN SILVER INVENTORY:///./// /INVENTORY AT 465.743 MILLION OZ

AUGUST 8//WITH SILVER UP $.70//HUGE CHANGES IN SILVER INVENTORY: A DEPOSIT OF 3.241 MILLION OZ INTO THE SLV////./// /INVENTORY AT 462.502 MILLION OZ

AUGUST 7//WITH SILVER DOWN $0.27//HUGE CHANGES IN SILVER INVENTORY: A DEPOSIT OF 4.552 MILLION OZ INTO THE SLV////./// /INVENTORY AT 462.502 MILLION OZ

AUGUST 6//WITH SILVER UP $0.05//NO CHANGES IN SILVER INVENTORY:///./// /INVENTORY AT 458.851 MILLION OZ

AUGUST 2//WITH SILVER DOWN $0.01//HUGE CHANGES IN SILVER INVENTORY: A WITHDRAWAL OF 1.243 MILLION OZ OF SILVER OUT OF THE SLV ///./// /INVENTORY AT 460.961 MILLION OZ

AUGUST 1//WITH SILVER DOWN $0.46//HUGE CHANGES IN SILVER INVENTORY: A DEPOSIT OF 1.608 MILLION OZ OF SILVER VAPOUR INTO THE SLV///./// /INVENTORY AT 462.204 MILLION OZ

JULY 31//WITH SILVER UP $0.45//NO CHANGES IN SILVER INVENTORY: /./// /INVENTORY REMAINS AT 460.596 MILLION OZ

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//NO CHANGES IN SILVER INVENTORY: A DEPOSIT OF 182,000 OZ OF SILVER INTO THE SLV./.// /INVENTORY RISES AT 437.447 MILLION OZ./

CLOSING INVENTORY 465.743 MILLION OZ//

PHYSICAL GOLD/SILVER COMMENTARIES

1.PETER SCHIFF SCHIFF GOLD/MIKE MAHARRAY

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

lio.

3.CHRIS POWELL AND DAILY GOLD/SILVER DISPATCHES

Brian Maher: The high cost of cheap money

Submitted by admin on Wed, 2024-08-07 19:42 Section: Daily Dispatches

By Brian Maher
Daily Reckoning, Baltimore
Wednesday, August 7, 2024

The stars were once again in their courses yesterday — oil was poured upon troubled waters, the dip was bought.

All was peace.

Following Monday’s sharp unpleasantness, the stock market went trampolining back.

Yet gravity reasserted itself today.

The Dow Jones Industrial Average fell 234 points earthward.

.With it came the S&P 500 and Nasdaq Composite.

The first dropped 40 points. The second 171.

Yet a question arises: What explains Monday’s severities? Why did a Japanese sneeze give the world a 24-hour influenza?

And can you expect a relapse? Today we take up an inquiry.

Look to the “carry trade” . …

… For the remainder of the commentary:

https://dailyreckoning.com/the-high-cost-of-cheap-money/

END

United Arab Emirates suspends 32 gold refineries

Submitted by admin on Wed, 2024-08-07 19:28 Section: Daily Dispatches

By Rob Bates
Jewelers Circular Keystone, New York
Wednesday, August 7, 2024

The United Arab Emirates Ministry of Economy has suspended 32 local gold refineries for three months for not following anti–money laundering laws, it said in a statement issued Tuesday.

…

Following an inspection, the ministry charged the refineries with a total of 256 violations, eight each. Among the alleged infractions: not taking proper measures to identify money laundering risks, not making required notifications of suspicious transactions to the Financial Information Unit, and not examining customer and transaction databases against names on terrorism watch lists.

The suspensions began on July 24 and will last until Oct. 24. The 32 refineries account for 5% of the country’s gold sector, the ministry said. …

END

* * *

4. GOLD PODCASTS//LIVE FROM THE VAULT/no 185 with/Andrew Maguire

Beijing hides gold buying in plain sight – LFTV Ep 185

Kinesis Money

•1.9K views • 4 hours ago

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

6 CRYPTOCURRENCY NEWS

END

ASIA TRADING/FRIDAY MORNING/THURSDAY 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 FRIDAY MORNING.7:30 AM

ONSHORE YUAN: CLOSED UP TO 7.1706

OFFSHORE YUAN: UP TO 7.1710

SHANGHAI CLOSED DOWN 7.71 PTS OR 0.27 %

HANG SENG CLOSED UP 198.40 PTS OR 1.17%

2. Nikkei closed UP 193.85 PTS OR 0.56%

3. Europe stocks SO FAR: ALL GREEN

USA dollar INDEX UP TO 103.04 EURO RISES TO 1.0917 UP 2 BASIS PTS

3b Japan 10 YR bond yield: RISES TO. +0.857 Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 146.99…… JAPANESE YEN NOW RISING AS WE HAVE NOW REACHED THE REIGNITING OF THE YEN CARRY TRADE AFTER DISASTROUS POLICY ISSUED BY UEDA

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 UP for WTI and UP FOR BRENT this morning

3h European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund YIELD DOWN TO +2.2300/Italian 10 Yr bond yield DOWN to 3.654 SPAIN 10 YR BOND YIELD DOWN TO 3.086%

3i Greek 10 year bond yield DOWN TO 3.307

3j Gold at $2428.70//Silver at: 27.50 1 am est) SILVER NEXT RESISTANCE LEVEL AT $34.40//AFTER 28.40

3k USA vs Russian rouble;// Russian rouble DOWN 1 AND 23/ 100 roubles/dollar; ROUBLE AT 86.99

3m oil into the 76 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 146.99/ 10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 0.857 % 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 0.8643 as the Swiss Franc is still rising against most currencies. Euro vs SF: 0.9435 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: 3.954 DOWN 4 BASIS PTS…

USA 30 YR BOND YIELD: 4.239 DOWN 5 BASIS PTS/

USA 2 YR BOND YIELD: 4.038 DOWN 1 BASIS PTS

USA DOLLAR VS TURKISH LIRA: 33.55…

10 YR UK BOND YIELD: 3.981 DOWN 1 PTS

10 YR CANADA BOND YIELD: 3.159 DOWN 3 BASIS PTS

2a New York OPENING REPORT

Futures Flat In Muted Trading As Sentiment Remains Extremely Fragile

FRIDAY, AUG 09, 2024 – 08:19 AM

With both Goldman and JPMorgan asking the question on everyone’s lips, namely whether the market has bottomed, so far the answer remains elusive with futures flat on the last trading session of the day, but erasing earlier gains as sentiment remains on edge thanks to a VIX around 24 and the yen, the currency at the basis of the carry trade, failing to drop. Perhaps the only good news is that the wild week is ending on a subdued note, with Friday trading seeing light equity volumes and small moves across stocks, bonds and currencies as even traders are exhausted from the week’s fireworks. Remarkably, US stocks are close to wiping out all the losses from the Monday’s market meltdown, with S&P 500 futures unchanged as of 7:45am, fading an earlier gain of 0.5%, after markets roared back on Thursday as data showed much fewer American filed for jobless benefits, alleviating fears of a looming recession. Nasdaq futures were modestly in the green led by Mag7 and semi stocks. European stocks are already positive on the week as investors hunted for bargains from the selloff. Treasury yields dipped and the dollar weakened. The VIX Index hovered around 23. Otherwise it will be a quiet data on the data front with no macro releases scheduled as investors now wait for next week’s data, which includes reports on the all important CPI and retail sales.

In premarket trading, Expedia surged after posting better-than-expected second-quarter results. Paramount Global rose 5% after the media company beat adjusted EPS estimates in the 2Q. The company also took on an impairment charge of $5.98 billion on its cable networks and announced a 15% cut to its US workforce. Here are some of the other most notable premarket movers:

Adma Biologics a maker of plasma-derived drugs for immune-compromised patients, soars 19% after the company boosted its year revenue and net income forecast.
Blend Labs climbs 10% after the mortgage lending software company reported 2Q results that beat expectations.
DigitalOcean gains 5% after the software company reported 2Q results that beat expectations and raised its full-year adjusted Ebitda margin forecast.
Doximity rallies 30% after the healthcare software company raised its full-year forecast for revenue.
Expedia jumps 9% after the online travel company reported 2Q results that beat expectations on key metrics.
Five9 slumps 14% after the call-center software provider reduced full-year revenue guidance, saying bookings slowed in 2Q as corporate clients cut budgets.
Honest Co. rises 13% after the consumer products company reported 2Q results that largely topped Wall Street expectations.
Mitek Systems plunges 26% after the company cut its revenue guidance for the full year.
Pitney Bowes soars 24% after the shipping and mailing company reported revenue for the 2Q that beat.
PubMatic plunges 27% after the company posted results and provided a forecast that disappointed.
Rocket Lab USA gains 12% after the space systems company said it has successfully hot fired its new rocket engine Archimedes for the first time.
Sweetgreen soars 25% after the salad restaurant chain boosted its full-year revenue forecast.
Trade Desk gains 5% after the advertising technology company reported 2Q results that beat expectations.

Mixed signals from the Fed may prompt caution among investors, especially after Kansas City Fed President Jeffrey Schmid indicated he’s not ready to support a reduction in interest rates with inflation above the target, according to comments made on Thursday in the US.

“Market volatility could remain elevated for some time,” said Mark Haefele, chief investment officer at UBS Global Wealth Management. But “investors shouldn’t overreact to swings in market sentiment,” he said. Since that flied in the face of sharply higher expectations for rate cuts by year-end, swaps traders trimmed bets on aggressive Fed easing in 2024. The global repricing has been so sharp that at one point interest-rate swaps implied a 60% chance of an emergency rate cut by the Fed in the coming week — well before its next scheduled meeting in September. Current pricing suggests about 40 basis points of cuts for September.

“Scope for higher bond yields is limited as central banks may have realized it’s time to move back to more neutral settings,” said Martin van Vliet, a macro strategist at Robeco. “This scare will will have reinforced the feeling among central banks that they need to take back the restrictiveness of monetary policy.”

The Stoxx Europe 600 index climbed 0.8%, led by energy, real estate and miners. Hargreaves Lansdown gained after a consortium including CVC and ADIA agreed to buy the investment manager in a £5.4 billion ($6.9 billion) deal. Trading volumes in European stocks were about 35% below average levels on Friday, according to data compiled by Bloomberg. Here are some of the biggest European movers on Friday:

Lotus Bakeries shares rise as much as 8%, touching a record high, after the Belgian cake-and-cookie maker reported first-half earnings that beat estimates, and said the outlook for its Biscoff brand remains positive in the second half.
LEG Immobilien shares rise as much as 5.3%, after the German property firm raised its Adjusted Funds From Operations (AFFO) forecast for the full year.
Hargreaves Lansdown shares rise as much as 2.6% after the investment firm agreed to a premium-priced takeover offer. Analysts at Jefferies and Shore Capital believe there is scope for the stock to earn a higher valuation, but think the deal will go ahead.
Lanxess shares rise as much as 4.8% after the German specialty chemicals firm posted second quarter results that analysts called strong, with the consumer protection division a positive surprise.
Jenoptik shares rise 9%, the most in three months, as the German optical technology company beat profit and revenue estimates in its second quarter results.
Just Eat shares rise as much as 6% in Amsterdam after Morgan Stanley raises the stock to overweight from equal-weight, saying New York City’s fee caps for food delivery platforms now look more likely to be raised.
Entain shares rise as much as 4.5%, extending gains booked on Thursday, after the gambling company posted an earnings beat and raised its outlook.
Galderma shares rise as much as 3.9% after J.P. Morgan initiated coverage of the firm with a recommendation of overweight, saying it sees the Swiss dermatology giant delivering a sustained double-digit top-line growth.
Bellway shares rise as much as 2.9%, with the homebuilder’s trading statement suggesting annual operating profit will be comfortably ahead of consensus after it built more houses and sold them at higher prices than anticipated, according to Peel Hunt.
Generali shares fall as much as 2.9% after the Italian insurance company posted a sharp drop in second-quarter earnings, weighed down by claims from storms and flooding. The result overshadowed plans for a new €500 million buyback program.

Earlier in the session, the Asian stock rally lost some momentum as the yen temporarily resumed its rise. Japan’s Topix index narrowed its gain to 0.9% from as much as 2% earlier. Chinese shares turned flat after an earlier advance as perceptions grew that a better-than-expected inflation print mainly resulted from seasonal factors like weather.

In rates, treasury long-end yields are richer by 4bp near session lows as US trading day begins with bull-flattening move, partially unwinding Thursday’s selloff sparked by jobless claims data. Similar long-end-led gains seen in core European rates. Front-end yields are little changed, flattening 2s10s spread by ~3bp, 5s30s by ~1bp; 10-year around 3.95% is near top of 3.665% – 4.02% weekly range with bunds and gilts lagging slightly in the sector.

In FX, the Bloomberg Dollar Spot Index fell 0.2%, extending Thursday’s 0.2% drop as jobless claims data alleviated jitters about recession. The yen fluctuated between gain and losses. USD/JPY is down 0.1% at 146.90, erasing an earlier 0.4% advance; the pair has been whipsawed this week, falling as low as 141.70 as yen-carry positions were unwound amid a jump in volatility.

“Risk conditions are improving and the great bulk of JPY-funded carry positions have apparently been cleared,” said Westpac Banking Corp.’s Richard Franulovich and Tim Riddell wrote in a note to clients. “Against that backdrop USD/JPY has found a short term floor and probably spins its wheels around 146-148”

In commodities, oil was steady following a Thursday rally, against the backdrop of simmering tensions in the Middle East. Gold slipped.

Bitcoin is in the green and back above the $60k mark, but has eased back from a $62.7k high which printed in APAC trade.

There is nothing on today’s macro calendar. Investors now wait for next week’s data, which includes reports on the all important CPI and retail sales.

Market Snapshot

S&P 500 futures unch to 5,346
STOXX Europe 600 up 0.8% to 500.39
MXAP up 1.4% to 175.30
MXAPJ up 1.7% to 553.52
Nikkei up 0.6% to 35,025.00
Topix up 0.9% to 2,483.30
Hang Seng Index up 1.2% to 17,090.23
Shanghai Composite down 0.3% to 2,862.19
Sensex up 1.1% to 79,739.49
Australia S&P/ASX 200 up 1.2% to 7,777.70
Kospi up 1.2% to 2,588.43
German 10Y yield -1.7 bps at 2.25%
Euro little changed at $1.0920
Brent Futures up 0.7% to $79.53/bbl
Gold spot down 0.1% to $2,423.98
US Dollar Index little changed at 103.18

Top Overnight News

China’s Jul CPI comes in a bit firmer than expected in Jul because of weather-linked food inflation (+0.5% vs. the Street +0.3% and up from +0.2% in June) while PPI deflation persists (-0.8% vs. the Street -0.9% and flat vs. -0.8% in June). RTRS
TSMC’s revenue jumped 45% in July from a year ago on strong demand for AI chips, an early sign the company may beat quarterly sales forecasts. Separately, SMIC is expediting plans to add capacity as the US restricts China’s access to foreign technology. BBG
The U.S. has warned Iran that its newly elected government and economy could suffer a devastating blow if it were to mount a major attack against Israel, a U.S. official said. WSJ
Iran and its allies are considering how to retaliate against Israel without triggering an all-out war. WSJ
Federal Reserve policymakers are increasingly confident that inflation is cooling enough to allow interest-rate cuts ahead, and they will take their cues on the size and timing of those rate cuts not from stock-market turmoil but from the economic data. RTRS
Trump says presidents should have influence over monetary policy (“I was very successful, and I think I have a better instinct than, in many cases, people that would be on the Federal Reserve or the chairman”). WSJ
Trump and Harris will meet for a debate Sept 10 on ABC (Trump proposed two other debate dates, but the fate of those is unclear at the moment). CNN
Consumer staples firms turn their focus to India as the next major growth opportunity as China optimism fades. RTRS
Disney plans to spend at least $5 billion in the UK and Europe over the next five years to produce movies and TV shows. FT
The biggest publicly traded alternative asset managers have more than a half-trillion dollars to put to work — and they’re gearing up for a deals comeback. Seven of the firms reported a collective $722 billion in dry powder as of June 30 — a 9% increase from a year earlier, according to earnings data compiled by Bloomberg. Now that the Federal Reserve is expected to cut interest rates, money managers have extra firepower to make deals again. BBG

A more detailed look at global markets courtesy of Newsquawk

APAC stocks took impetus from the relief rally on Wall St where sentiment was underpinned after a larger-than-expected decline in Initial Jobless Claims soothed some of the recent labour market concerns. ASX 200 gained with outperformance in tech front-running the advances seen across all sectors. Nikkei 225 briefly reclaimed the 35,000 status and momentarily turned positive for the week after fully recovering from Monday’s turmoil, but later faltered heading into the Japanese long weekend. Hang Seng and Shanghai Comp. were positive after encouraging signals from China’s inflation data and with notable strength in China’s largest chipmaker SMIC after its Q2 results which showed profits dropped sharply but beat expectations and revenue climbed, while it also forecasts double-digit percentage sequential revenue growth for Q3. However, the gains in the mainland were limited after the PBoC’s open market operations for this week resulted in the largest net liquidity drain in four months.

Top Asian News

TSMC (2330 TT) July Sales TWD 256.95bln (207.8bln in June).
China’s Industry Association reports July vehicles sales -5.2% Y/Y (prev. -2.7%), January-July +4.4% (prev. +7.9%); NEV July sales +27 Y/Y.

European bourses are firmer, Euro Stoxx 50 +0.4%, having begun the session with modest gains in limited newsflow and have been extended modestly on opening levels thereafter. Sectors primarily in the green, action overall though somewhat modest given the lack of specific drivers. Materials and Energy outperform slightly, with Chinese CPI and geopolitics respectively assisting. Breakdown has slight outperformance in the FTSE 100 +0.5%, with the region’s housing sector performing well after Hargreaves Lansdown accepted a takeover offer. Stateside, futures are in the green with the tone largely a continuation of the post-claims move, ES +0.2%, NQ +0.4%; as above, specifics light and the docket ahead devoid of US-related Tier 1 catalysts or earnings.

Top European News

China Commerce Ministry says findings in the EU’s EV prelim ruling lacks factual and legal basis and seriously violate WTO rules. Resorted to the dispute mechanism of the WTO.

DXY is slightly softer but still holding steady above the 103.00 mark and by extension Thursday’s 102.91 base.
G10s are rangebound; EUR and GBP both slightly firmer vs. the USD with the single currency just above 1.09 and Cable around 1.2750.
JPY essentially unchanged despite posting a fairly large range overnight, though one that is dwarfed in comparison to the WTD band of 141.66-147.89.
NOK unreactive to an in-line CPI-ATE print when compared to market expectations but one that came in 0.3pps lower than the Norges Bank’s view for the month.
CAD holding steady into jobs data for the region this morning.
PBoC set USD/CNY mid-point at 7.1449 vs exp. 7.1690 (prev. 7.1460)
Peru Central Bank cut its reference rate by 25bps to 5.50% (exp. unchanged at 5.75%), while it stated that future rate changes will be dependent on new information about inflation and its determinants.

Fixed Income

Overall, benchmarks are bid but with specifics light and action thus far in familiar ranges.
USTs firmer and just shy of the 113-00 handle having picked up from a 112-17+ base after a particularly poor 30yr tap last night.
Bunds in the green, but again only modestly so. No reaction to final inflation metrics from Germany or Italy.
For reference, next week’s auction docket for EZ member nations generally has been heavily trimmed, as is usually the case given low summer liquidity.

Commodities

Crude benchmarks have been steady thus far, despite the ongoing creeping up of geopolitical tensions.
Geopols. remain in focus and a potential market-driver over the next few sessions, as it stands talks are ongoing regarding a ceasefire while language from the IRGC remains escalatory.
NatGas is in the red, with lows still running smoothly from Russia to Europe through Ukraine thus far. However, lows still running smoothly from Russia to Europe through Ukraine thus far.
Metals mixed with spot gold softer as the risk tone is becoming incrementally more constructive while base metals continue to climb after firmer-than-expected Chinese inflation.
Ukraine gas transmission operator says Russian gas transit via Ukraine is flowing normally.

Fed Speakers

Fed’s Goolsbee (non-voter) said the Fed watches markets but they do not drive policy, while he added they are getting back to more normal conditions in the US economy and the question is if the job market will hold or keep worsening. Furthermore, he said that they need to see more than payrolls and more than one month, as well as noted they need to watch the real economy if they are too tight for too long.
Fed’s Schmid (non-voter) said if inflation continues to come in low, it will be appropriate to adjust policy, as well as noted the current stance of Fed policy is not that restrictive and the Fed is close but still not quite there on reaching 2% inflation goal. Furthermore, Schmid said the path of Fed policy will be determined by data and the strength of the economy, while he would not want to assume any particular path or endpoint for the policy rate.
Fed’s Collins (2025) on Thursday said: if the data continue the way that I expect, I do believe that it will be appropriate soon to begin adjusting policy and easing how restrictive the policy is.

Geopolitics: Middle East

Qatari, Egyptian and US leaders said it is time to conclude a Gaza ceasefire agreement and release hostages and prisoners, while they have worked for months to reach a framework agreement and it is now on the table, with only details of implementation missing. Furthermore, they called on the sides to resume urgent talks on Thursday, August 15th, in Doha or Cairo to bridge all remaining gaps and start implementing an agreement without any delay.
CNN source said lead mediators will attend the next round of negotiations with the CIA director to lead the US delegation, while the meeting that is being planned is expected to take place but needs the approval of Israel and Hamas, while it was later reported that Israeli PM Netanyahu’s office said Israel will send negotiators for August 15th meeting on a Gaza deal and a Hamas official also said that they are ready for ceasefire negotiations to stop the bloodshed, according to source on X
US senior administration official said President Biden and Defense Secretary Austin reviewed Middle East military deployments, while the official added that there is no expectation that an agreement will be signed by next Thursday and that issues on the table include the sequencing of the exchange. The official added that it is a negotiation and they need some things from the Israelis and the Hamas side, as well as noted that an Iranian escalation would jeopardise hope of getting a ceasefire deal because the focus would shift.
US Secretary of Defence Austin briefed his Israeli on the nature of the deployment of US forces in the Middle East and stressed the importance of the ceasefire agreement in Gaza, while Austin said the arrival of F-22 jets in the region is part of the efforts to deter, defend Israel and protect US forces.
Officials believe an Iran assault could be more sudden, larger and longer possibly lasting several days instead of several hours and could also be a coordinated barrage from multiple directions involving Iranian proxies in Iraq, Yemen, Syria and Lebanon, according to Washington Post.
US CENTCOM said the US military destroyed two Houthi cruise missiles targeting ships.
Rockets were fired at Kiryat Shmona and Manara settlement in northern Israel, while the Israeli army said air defence systems intercepted a rocket fired from the Gaza Strip towards Zikim and Ashkelon south of Israel, according to Al Arabiya.
Yemeni sources noted US-British raids on Houthi military sites in Ras Issa and Salif areas in Hodeidah, according to Sky News Arabia.
“The Israeli army announces the start of an “offensive” military operation in the city of Khan Yunis in the Gaza Strip”, according to Sky News Arabia.
Iran’s Tasnim says the Iranian Guards Navy’s new missiles have capabilities such as a “highly explosive warhead”, which is undetectable; added “large number” of anti-ship missiles to the IRGC navy.

Geopolitics: Ukraine

Sevastopol authorities announced a state of air emergency and the shooting down of a Ukrainian anti-ship missile, while it was also reported that a state of emergency was declared after a march attack on Belgorod and Voronezh, according to Al Arabiya.
Source on X reported that residents said there was a huge blast heard in Rylsk, Rostov-On-Don, Russia.
A fire broke out at a military airfield in Russia’s Lipetsk region, according to agencies cited by AFP.
Russia declares Federal emergency in Kursk region, according to RIA.
Russian official says fighting is ongoing several dozen kilometres from Kurchatov, where Kursk nuclear plant is located.

US Event Calendar

Nothing major scheduled

2B) European report

Generally contained trade with macro drivers light, CAD jobs ahead – Newsquawk US Market Open

FRIDAY, AUG 09, 2024 – 06:32 AM

European bourses & US futures firmer with newsflow light and the move a continuation of Thursday’s data-driven upside
DXY slightly softer but holding firmly above 103.00 with G10s generally rangebound
Fixed bid but in familiar territory, USTs have recovered from supply-induced pressure on Thursday
Crude contained with geopolitics still in focus, NatGas benchmarks slip as flows continue through Ukraine, base metals benefit from Chinese CPI
Looking ahead, highlights include Canadian Employment
Click for the Newsquawk Week Ahead.

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EUROPEAN TRADE

EQUITIES

European bourses are firmer, Euro Stoxx 50 +0.4%, having begun the session with modest gains in limited newsflow and have been extended modestly on opening levels thereafter.
Sectors primarily in the green, action overall though somewhat modest given the lack of specific drivers. Materials and Energy outperform slightly, with Chinese CPI and geopolitics respectively assisting.
Breakdown has slight outperformance in the FTSE 100 +0.5%, with the region’s housing sector performing well after Hargreaves Lansdown accepted a takeover offer.
Stateside, futures are in the green with the tone largely a continuation of the post-claims move, ES +0.2%, NQ +0.4%; as above, specifics light and the docket ahead devoid of US-related Tier 1 catalysts or earnings.
Click for the sessions European pre-market equity newsflow
Click for the additional news
Click for a detailed summary

FX

DXY is slightly softer but still holding steady above the 103.00 mark and by extension Thursday’s 102.91 base.
G10s are rangebound; EUR and GBP both slightly firmer vs. the USD with the single currency just above 1.09 and Cable around 1.2750.
JPY essentially unchanged despite posting a fairly large range overnight, though one that is dwarfed in comparison to the WTD band of 141.66-147.89.
NOK unreactive to an in-line CPI-ATE print when compared to market expectations but one that came in 0.3pps lower than the Norges Bank’s view for the month.
CAD holding steady into jobs data for the region this morning.
PBoC set USD/CNY mid-point at 7.1449 vs exp. 7.1690 (prev. 7.1460)
Peru Central Bank cut its reference rate by 25bps to 5.50% (exp. unchanged at 5.75%), while it stated that future rate changes will be dependent on new information about inflation and its determinants.
Click for a detailed summary
Click for NY OpEx Details

FIXED INCOME

Overall, benchmarks are bid but with specifics light and action thus far in familiar ranges.
USTs firmer and just shy of the 113-00 handle having picked up from a 112-17+ base after a particularly poor 30yr tap last night.
Bunds in the green, but again only modestly so. No reaction to final inflation metrics from Germany or Italy.
For reference, next week’s auction docket for EZ member nations generally has been heavily trimmed, as is usually the case given low summer liquidity.
Click for a detailed summary

COMMODITIES

Crude benchmarks have been steady thus far, despite the ongoing creeping up of geopolitical tensions.
Geopols. remain in focus and a potential market-driver over the next few sessions, as it stands talks are ongoing regarding a ceasefire while language from the IRGC remains escalatory.
NatGas is in the red, with lows still running smoothly from Russia to Europe through Ukraine thus far. However, lows still running smoothly from Russia to Europe through Ukraine thus far.
Metals mixed with spot gold softer as the risk tone is becoming incrementally more constructive while base metals continue to climb after firmer-than-expected Chinese inflation.
Ukraine gas transmission operator says Russian gas transit via Ukraine is flowing normally.
Click for a detailed summary

NOTABLE DATA RECAP

Norwegian Core Inflation YY (Jul) 3.3% vs. Exp. 3.3% (Prev. 3.4%); Consumer Price Index YY 2.8% vs. Exp. 2.8% (Prev. 2.6%)

NOTABLE EUROPEAN HEADLINES

China Commerce Ministry says findings in the EU’s EV prelim ruling lacks factual and legal basis and seriously violate WTO rules. Resorted to the dispute mechanism of the WTO.

NOTABLE US HEADLINES

Fed’s Goolsbee (non-voter) said the Fed watches markets but they do not drive policy, while he added they are getting back to more normal conditions in the US economy and the question is if the job market will hold or keep worsening. Furthermore, he said that they need to see more than payrolls and more than one month, as well as noted they need to watch the real economy if they are too tight for too long.
Fed’s Schmid (non-voter) said if inflation continues to come in low, it will be appropriate to adjust policy, as well as noted the current stance of Fed policy is not that restrictive and the Fed is close but still not quite there on reaching 2% inflation goal. Furthermore, Schmid said the path of Fed policy will be determined by data and the strength of the economy, while he would not want to assume any particular path or endpoint for the policy rate.
Fed’s Collins (2025) on Thursday said: if the data continue the way that I expect, I do believe that it will be appropriate soon to begin adjusting policy and easing how restrictive the policy is.

GEOPOLITICS

MIDDLE EAST

Qatari, Egyptian and US leaders said it is time to conclude a Gaza ceasefire agreement and release hostages and prisoners, while they have worked for months to reach a framework agreement and it is now on the table, with only details of implementation missing. Furthermore, they called on the sides to resume urgent talks on Thursday, August 15th, in Doha or Cairo to bridge all remaining gaps and start implementing an agreement without any delay.
CNN source said lead mediators will attend the next round of negotiations with the CIA director to lead the US delegation, while the meeting that is being planned is expected to take place but needs the approval of Israel and Hamas, while it was later reported that Israeli PM Netanyahu’s office said Israel will send negotiators for August 15th meeting on a Gaza deal and a Hamas official also said that they are ready for ceasefire negotiations to stop the bloodshed, according to source on X
US senior administration official said President Biden and Defense Secretary Austin reviewed Middle East military deployments, while the official added that there is no expectation that an agreement will be signed by next Thursday and that issues on the table include the sequencing of the exchange. The official added that it is a negotiation and they need some things from the Israelis and the Hamas side, as well as noted that an Iranian escalation would jeopardise hope of getting a ceasefire deal because the focus would shift.
US Secretary of Defence Austin briefed his Israeli on the nature of the deployment of US forces in the Middle East and stressed the importance of the ceasefire agreement in Gaza, while Austin said the arrival of F-22 jets in the region is part of the efforts to deter, defend Israel and protect US forces.
Officials believe an Iran assault could be more sudden, larger and longer possibly lasting several days instead of several hours and could also be a coordinated barrage from multiple directions involving Iranian proxies in Iraq, Yemen, Syria and Lebanon, according to Washington Post.
US CENTCOM said the US military destroyed two Houthi cruise missiles targeting ships.
Rockets were fired at Kiryat Shmona and Manara settlement in northern Israel, while the Israeli army said air defence systems intercepted a rocket fired from the Gaza Strip towards Zikim and Ashkelon south of Israel, according to Al Arabiya.
Yemeni sources noted US-British raids on Houthi military sites in Ras Issa and Salif areas in Hodeidah, according to Sky News Arabia.
“The Israeli army announces the start of an “offensive” military operation in the city of Khan Yunis in the Gaza Strip”, according to Sky News Arabia.
Iran’s Tasnim says the Iranian Guards Navy’s new missiles have capabilities such as a “highly explosive warhead”, which is undetectable; added “large number” of anti-ship missiles to the IRGC navy.

OTHER

Sevastopol authorities announced a state of air emergency and the shooting down of a Ukrainian anti-ship missile, while it was also reported that a state of emergency was declared after a march attack on Belgorod and Voronezh, according to Al Arabiya.
Source on X reported that residents said there was a huge blast heard in Rylsk, Rostov-On-Don, Russia.
A fire broke out at a military airfield in Russia’s Lipetsk region, according to agencies cited by AFP.
Russia declares Federal emergency in Kursk region, according to RIA.
Russian official says fighting is ongoing several dozen kilometres from Kurchatov, where Kursk nuclear plant is located.

CRYPTO

Bitcoin is in the green and back above the USD 60k mark, but has eased back from a USD 62.7k high which printed in APAC trade.

APAC TRADE

APAC stocks took impetus from the relief rally on Wall St where sentiment was underpinned after a larger-than-expected decline in Initial Jobless Claims soothed some of the recent labour market concerns.
ASX 200 gained with outperformance in tech front-running the advances seen across all sectors.
Nikkei 225 briefly reclaimed the 35,000 status and momentarily turned positive for the week after fully recovering from Monday’s turmoil, but later faltered heading into the Japanese long weekend.
Hang Seng and Shanghai Comp. were positive after encouraging signals from China’s inflation data and with notable strength in China’s largest chipmaker SMIC after its Q2 results which showed profits dropped sharply but beat expectations and revenue climbed, while it also forecasts double-digit percentage sequential revenue growth for Q3. However, the gains in the mainland were limited after the PBoC’s open market operations for this week resulted in the largest net liquidity drain in four months.

NOTABLE ASIA-PAC HEADLINES

TSMC (2330 TT) July Sales TWD 256.95bln (207.8bln in June).
China’s Industry Association reports July vehicles sales -5.2% Y/Y (prev. -2.7%), January-July +4.4% (prev. +7.9%); NEV July sales +27 Y/Y.

DATA RECAP

Chinese CPI MM (Jul) 0.5% vs. Exp. 0.3% (Prev. -0.2%); YY (Jul) 0.5% vs. Exp. 0.3% (Prev. 0.2%)
Chinese PPI YY (Jul) -0.8% vs. Exp. -0.9% (Prev. -0.8%)

2C) ASIAN REPORT

Wall St. strength continued into APAC trade, crude firmer, DXY softer – Newsquawk Europe Market Open

FRIDAY, AUG 09, 2024 – 01:37 AM

APAC stocks took impetus from the relief rally on Wall St where sentiment was underpinned after a larger-than-expected decline in Initial Jobless Claims soothed some of the recent labour market concerns.
DXY marginally softened in rangebound trade but remained above 103.00; 10-year UST futures nursed losses and got some mild reprieve after recent bear steepening.
Crude futures kept afloat amid the positive mood and as participants await Iran and Hezbollah’s retaliation.
European equity futures indicate a firmer open with Euro Stoxx 50 futures up 0.1% after the cash market finished flat on Thursday.
Looking ahead, highlights include Norwegian CPI, Canadian Jobs, Earnings from Generali.
Click for the Newsquawk Week Ahead.

More Newsquawk in 3 steps:

1. Subscribe to the free premarket movers reports

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

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

US TRADE

EQUITIES

US stocks surged and Treasuries bear flattened after Initial Jobless Claims fell by more than expected, helping ease some recent labour market concerns. The equity rally was broad-based as all sectors finished in the green and outperformance was seen in Tech, Communication, Industrials and Health Care with the latter sector buoyed by a stellar report from Eli-Lilly (LLY), resulting in a 9.5% jump in its shares.
SPX +2.3% at 5,319, NDX +3.1% at 18,414, DJIA +1.8% at 39, 447, RUT +2.4% at 2,084.
Click here for a detailed summary.

NOTABLE HEADLINES

Fed’s Barkin (2024 voter) said what he is hearing from people on the ground in the labour market is that people are cutting back on hiring but not firing, while no hiring and no firing is what they see in the data and from here, it could go either way. Barkin added that for him, the case for lowering rates in July would have been either absolute conviction that the labour market was on the precipice, or if you thought you have inflation under control.
Fed’s Goolsbee (non-voter) said the Fed watches markets but they do not drive policy, while he added they are getting back to more normal conditions in the US economy and the question is if the job market will hold or keep worsening. Furthermore, he said that they need to see more than payrolls and more than one month, as well as noted they need to watch the real economy if they are too tight for too long.
Fed’s Schmid (non-voter) said if inflation continues to come in low, it will be appropriate to adjust policy, as well as noted the current stance of Fed policy is not that restrictive and the Fed is close but still not quite there on reaching 2% inflation goal. Furthermore, Schmid said the path of Fed policy will be determined by data and the strength of the economy, while he would not want to assume any particular path or endpoint for the policy rate.
US Republican Presidential Nominee Trump said the US is close to depression, very close to a world war, and close to a 1929 crash.

APAC TRADE

EQUITIES

APAC stocks took impetus from the relief rally on Wall St where sentiment was underpinned after a larger-than-expected decline in Initial Jobless Claims soothed some of the recent labour market concerns.
ASX 200 gained with outperformance in tech front-running the advances seen across all sectors.
Nikkei 225 briefly reclaimed the 35,000 status and momentarily turned positive for the week after fully recovering from Monday’s turmoil, but later faltered heading into the Japanese long weekend.
Hang Seng and Shanghai Comp. were positive after encouraging signals from China’s inflation data and with notable strength in China’s largest chipmaker SMIC after its Q2 results which showed profits dropped sharply but beat expectations and revenue climbed, while it also forecasts double-digit percentage sequential revenue growth for Q3. However, the gains in the mainland were limited after the PBoC’s open market operations for this week resulted in the largest net liquidity drain in four months.
US equity futures traded steadily overnight and remain near yesterday’s best levels owing to the jobless claims data.
European equity futures indicate a firmer open with Euro Stoxx 50 futures up 0.1% after the cash market finished flat on Thursday.

FX

DXY marginally softened in rangebound trade but remained above 103.00 after benefitting from encouraging initial jobless claims data, while there were several comments from Fed’s Barkin, Goolsbee and Schmid which had little sway on the currency.
EUR/USD traded sideways and lacks direction after recently recovering from a brief dip beneath the 1.0900 handle.
GBP/USD held on to the prior day’s spoils but with further upside capped near the 1.2750 level amid light catalysts.
USD/JPY lacked conviction amid a quiet calendar for Japan and after having recently returned to above the 147.00 level.
Antipodeans edged mild gains amid the positive risk tone and after firmer-than-expected Chinese inflation data.
PBoC set USD/CNY mid-point at 7.1449 vs exp. 7.1690 (prev. 7.1460)
Mexican Interest Rate (Aug) 10.75% vs. Exp. 11.0% (Prev. 11.0%); 3-2 vote split. Banxico maintained guidance that the Board foresees the inflationary environment may allow for discussing reference rate adjustments and reiterated that the balance of risks for the trajectory of inflation within the forecast horizon remains biased to the upside.
Peru Central Bank cut its reference rate by 25bps to 5.50% (exp. unchanged at 5.75%), while it stated that future rate changes will be dependent on new information about inflation and its determinants.

FIXED INCOME

10-year UST futures nursed losses and got some mild reprieve after recent bear steepening.
Bund futures rebounded off yesterday’s lows after support held at the 134.00 level.
10-year JGB futures remained subdued heading into the long weekend in Japan and after this week’s volatility.

COMMODITIES

Crude futures kept afloat amid the positive mood and as participants await Iran and Hezbollah’s retaliation.
Spot gold took a breather after its recent advances and a break above the USD 2,400/oz level.
Copper futures were underpinned amid the constructive mood and after firmer-than-expected Chinese inflation.

CRYPTO

Bitcoin mildly eased back overnight after rallying yesterday to briefly above the USD 62,000 level.

NOTABLE ASIA-PAC HEADLINES

PBoC injected CNY 12.9bln via 7-day reverse repos and drained a net CNY 759.8bln via open market operations this week for its largest weekly cash withdrawal in four months, according to Reuters.

DATA RECAP

Chinese CPI MM (Jul) 0.5% vs. Exp. 0.3% (Prev. -0.2%)
Chinese CPI YY (Jul) 0.5% vs. Exp. 0.3% (Prev. 0.2%)
Chinese PPI YY (Jul) -0.8% vs. Exp. -0.9% (Prev. -0.8%)

GEOPOLITICAL

MIDDLE EAST

Qatari, Egyptian and US leaders said it is time to conclude a Gaza ceasefire agreement and release hostages and prisoners, while they have worked for months to reach a framework agreement and it is now on the table, with only details of implementation missing. Furthermore, they called on the sides to resume urgent talks on Thursday, August 15th, in Doha or Cairo to bridge all remaining gaps and start implementing an agreement without any delay.
CNN source said lead mediators will attend the next round of negotiations with the CIA director to lead the US delegation, while the meeting that is being planned is expected to take place but needs the approval of Israel and Hamas, while it was later reported that Israeli PM Netanyahu’s office said Israel will send negotiators for August 15th meeting on a Gaza deal and a Hamas official also said that they are ready for ceasefire negotiations to stop the bloodshed, according to source on X
US senior administration official said President Biden and Defense Secretary Austin reviewed Middle East military deployments, while the official added that there is no expectation that an agreement will be signed by next Thursday and that issues on the table include the sequencing of the exchange. The official added that it is a negotiation and they need some things from the Israelis and the Hamas side, as well as noted that an Iranian escalation would jeopardise hope of getting a ceasefire deal because the focus would shift.
US Secretary of Defence Austin briefed his Israeli on the nature of the deployment of US forces in the Middle East and stressed the importance of the ceasefire agreement in Gaza, while Austin said the arrival of F-22 jets in the region is part of the efforts to deter, defend Israel and protect US forces.
US reportedly warned Iran its newly-elected government and economy could suffer a devastating blow if it were to mount a major attack against Israel, according to WSJ.
Officials believe an Iran assault could be more sudden, larger and longer possibly lasting several days instead of several hours and could also be a coordinated barrage from multiple directions involving Iranian proxies in Iraq, Yemen, Syria and Lebanon, according to Washington Post.
Syrian Armed Forces Chief of Staff has secretly visited Tehran to strengthen relations with Iran and approved the launch of attacks on Israel from Syrian soil, according to Al Arabiya citing sources.
US CENTCOM Commander General visited Israel to tighten coordination ahead of a possible attack by Hezbollah and Iran.
US CENTCOM said the US military destroyed two Houthi cruise missiles targeting ships.
Rockets were fired at Kiryat Shmona and Manara settlement in northern Israel, while the Israeli army said air defence systems intercepted a rocket fired from the Gaza Strip towards Zikim and Ashkelon south of Israel, according to Al Arabiya.
Yemeni sources noted US-British raids on Houthi military sites in Ras Issa and Salif areas in Hodeidah, according to Sky News Arabia.

OTHER

Sevastopol authorities announced a state of air emergency and the shooting down of a Ukrainian anti-ship missile, while it was also reported that a state of emergency was declared after a march attack on Belgorod and Voronezh, according to Al Arabiya.
IAEA said it’s monitoring the situation around Russia’s Kursk nuclear plant, according to RIA.
Source on X reported that residents said there was a huge blast heard in Rylsk, Rostov-On-Don, Russia.
A fire broke out at a military airfield in Russia’s Lipetsk region, according to agencies cited by AFP

2D JAPAN

Japan On High Alert For Possible Catastrophic Magnitude 9 Megaquake

FRIDAY, AUG 09, 2024 – 07:25 AM

Update (0730ET):

And just moments ago…

As we in Japan are on the alert for a possible mega quake, my phone’s emergency alarm goes off. M5.3 shakes Kanagawa Prefecture with the epicenter 10 km according to Japan Met Agency’s preliminary announcement. Tokyo shook too and many jumped in fear.

Quote

ウェザーニュース

@wni_jp

52m

【地震情報】 8月9日 19:57 震度5弱【神奈川県】神奈川県西部

生放送で解説中 https://youtube.com/live/lO7UYojYGs8… https://weathernews.jp/s/topics/202408/091957quake/…

7:24 AM · Aug 9, 2024

344 Views

As we in Japan are on the alert for a possible mega quake, my phone's emergency alarm goes off. M5.3 shakes Kanagawa Prefecture with the epicenter 10 km according to Japan Met Agency's preliminary announcement. Tokyo shook too and many jumped in fear. https://t.co/hFlFPaPkbK
— michiyo ishida (@MichiyoCNA) August 9, 2024

Japan issued the first-ever warning for a “megaquake” off the country’s Pacific coast following Thursday’s magnitude 7.1 earthquake near the southern island of Kyushu.

Prime Minister Fumio Kishida canceled a trip to Central Asia on Friday following yesterday’s quake warning. That doesn’t necessarily mean a massive quake is imminent, but instead, the probability was higher than average.

The Japan Meteorological Agency issued a megaquake advisory on Thursday, warning that “if a major earthquake were to occur in the future, strong shaking and large tsunamis would be generated.”

It added: “The likelihood of a new major earthquake is higher than normal, but this is not an indication that a major earthquake will definitely occur during a specific period of time.”

The advisory was posted overnight after a 7.1 magnitude quake rattled the southern island of Kyushu, which reportedly caused no major damage.

The megaquake is known as the ‘Nankai trough’ and could trigger more damage than the Fukushima quake in 2011. The area where the Philippine sea plate subducts underneath the Eurasian continental plate experiences tremors every 100 to 150-year cycles.

BBC News cited government experts forecasting a 70% to 80% chance of a megaquake measuring magnitude 8 or 9 in the next three decades. The worst-case scenario suggests several hundred thousand people could be killed, with economic damages exceeding $13 trillion.

“The history of great earthquakes at Nankai is convincingly scary,” geologists Kyle Bradley and Judith A Hubbard wrote in their Earthquake Insights newsletter, adding there was no need for immediate panic.

Bradley and Hubbard wrote that there is only a “small probability” that Thursday’s magnitude 7.1 was a foreshock, noting, “One of the challenges is that even when the risk of a second earthquake is elevated, it is still always low.”

Meanwhile, megaquake threats surged in media headlines around the time of Kishida’s ultra-low approval ratings and faced challenges to his leadership in a ruling party presidential election next month.

Any major quake disaster in Japan would immediately end the Bank of Japan’s interest rate hiking cycle. The BoJ recently raised borrowing costs for the first time since 2007, which sparked the unwinding of the popular Dollar-Yen carry trade, resulting in shockwaves across financial assets worldwide.

3 CHINA

CHINA/

China Inflation Unexpectedly Hits Five Month High Driven By Soaring Pork Prices

FRIDAY, AUG 09, 2024 – 10:20 AM

China’s consumer prices rose faster than expected in July, driven mostly by a surge in food/pork prices, even as core inflation continued to sink, raising concerns over persistent deflation in the world’s second-largest economy.

The country’s CPI rose 0.5% YoY In July year on year, the National Bureau of Statistics said on Friday, beating the median forecast of a 0.3%. The rise was the biggest since February, when prices grew 0.7%, and outpaced the 0.2% rise in June. Food price inflation rose across the board in July due to a decrease in supply from adverse weather. Meanwhile, both non-food price inflation and core inflation edged down in July, indicating continued weakness of domestic demand.

Meanwhile, deflation persisted in producer prices, a gauge reflecting goods as they leave factory gates as well as costs of materials and commodities, which were down 0.8% in July, the same as the previous month, if fractionally stronger than the -0.9% estimate. PPI inflation in upstream sectors rose modestly while that in downstream sectors fell slightly. In month-over-month terms, PPI inflation edged down to +1.8% in July vs. +1.9% in June. PPI inflation in producer goods ticked up to -0.7% yoy in July from -0.8% yoy in June, and PPI inflation in consumer goods edged down to -1.0% yoy in July (vs. -0.8% yoy in June).

Looking ahead, Goldman said it expects PPI deflation to lessen gradually, and CPI inflation to remain relatively low in the coming months.

Some more details from the report, courtesy of Goldman:

In year-over-year terms, food prices were flat in July compared with a year ago (vs. -2.1% yoy in June). The prices of major food items rose in July due to adverse weather, especially for fresh vegetables/fruits. Among major food items, pork prices a major component of China’s consumer goods basket, leapt 20% YoY in July, the most since late 2022, and up from 18.1% in June. Prices have been highly volatile since outbreaks of African swine fever from 2018 to 2021 led to mass culling of herds. Inflation in fresh vegetable prices rose to +3.3% yoy in July from -7.3% yoy in June, and inflation in fresh fruit prices rose to -4.2% yoy in July (vs. -8.7% in June).

Non-food CPI inflation edged down to +0.7% yoy in July from +0.8% yoy in June. The moderation is broad-based across various categories. After excluding food and energy prices, core CPI inflation softened to +0.4% yoy in July (vs. +0.6% in June), indicating still weak domestic demand. Although NBS mentioned that tourism-related prices, such as flight ticket fares and hotels, rose sequentially, the year-over-year growth moderated from June to July. Fuel costs increased by +5.1% yoy in July (vs. +5.6% yoy in June). Services inflation edged down to +0.6% yoy in July (vs. +0.7% in June; Exhibit 2).

Surging food prices aside (the result of recent flooding across China), consumer price growth has remained very weak in China over the past year, with frequent negative reading casting doubts over the strength of domestic demand in the midst of a three-year property slow-motion crash. Intense competition across Chinese industries, especially the automotive sector, have added to downward pressure on prices. Beijing has intensified its focus this year on manufacturing after a post-pandemic consumer rebound failed to materialise last year.

Lynn Song, chief China economist for ING, said flat food prices, which had been mired in deflation for the past year, were a “big part of the increase” in overall CPI. But he pointed to drags on prices in other areas, including transport facilities due to cheaper vehicle prices, communications due to falling smartphone prices, and declining rents.

“We expect price weakness to remain in the first two categories, while we are in wait-and-see mode on the rent category as policy support for the real estate market continues to roll out,” Song said.

Meanwhile, inflation in items that actually serve as assets to China’s shrinking middle class, refuses to take hold: new home prices in May fell by the most in almost a decade, adding to concerns over the property sector. Authorities in the same month introduced very modest measures to encourage state-owned enterprises to buy unused housing, in a bid to support the market, yet the token amount of the support was largely ignored by the market.

Chinese authorities also unveiled unexpected cuts to lending rates last month after widespread calls for more economic stimulus. These have yet to achieve anything.

4.EUROPEAN AFFAIRS//UK /SCANDINAVIAN AFFAIRS

ENGLAND

5/RUSSIAN AND MIDDLE EASTERN AFFAIRS

ISRAEL/

Opinion//

Alastair Crooke

The 1948 Irgun Re-Born?

THURSDAY, AUG 08, 2024 – 10:35 PM

Submitted by Alastair Crooke,

The signposts are there for all to read: The West — in deliberately overlooking such explicit markers — cannot then complain, or escape, the ensuing consequences.

No, the ‘tin ear’ is not some new western derangement — a unique mass collapse of sanity — that we are living through. It is something worse: a return to a dogmatic, authoritarian version of truth which dissident physicist Eric Weinstein complains has (in the West) also destroyed true science — ignoring and silencing its most important dissident voices, whilst amply rewarding Science’s frauds.

Consider: Prime Minister Netanyahu addressed the US Congress on 24 July saying, in an unrelieved Manichaean mode, that the West is facing an “axis of evil” (Iran and allies), which the US must join in destroying. It was a call to participate in civilisational war.

His invitation was celebrated with 58 standing ovations from US legislators.

Netanyahu returned home to a disaster in the Druze community on the Golan. Missile fragments had struck, killing and wounding many children playing football (the exact circumstances are still not clear). Western rationality however is perfectly capable to deduce firstly that Majdal Shams lies in Occupied Syria; secondly, that the Druze community there remains overwhelmingly Syrian (rejecting Israeli citizenship) and largely pro-Syrian. And that they are neither Jews nor Israelis. The West seemingly cannot however, adduce the further very obvious conclusion: Why on earth would Hizbullah intentionally attack a Syrian community on Syrian land that largely is sympathetic to the Resistance?

They wouldn’t. Yet these obvious facts are completely ignored by a rationality that, as Weinstein suggests, actively prefers fraud to truth. Spokesman Kirby said Hizbullah had attacked children in northern Israel.

Israel’s Defence minister repeatedly says:

“We don’t want war”. Western leaders parrot the same meme: No-one wants war. ‘We are fully confident that Israel’s response will be constrained and limited to military targets’. The White House: “In our view, there is no reason for some dramatic escalation in southern Lebanon and there is still time and space for diplomacy”.

So what then occurs? Two major assassinations: one in Beirut and the other in Tehran (i.e. to a guest on Iranian sovereign territory). Western leaders express their ‘concern’. The Hamas target in Tehran, Ismail Haniyeh, as the Qatari PM noted, was the key Gaza hostage negotiator.

This too will be overlooked, though Netanyahu’s intent to weave together Hamas, Hizbullah and Iran into a single ‘axis of evil’ cloth – thus speaking to his Join-Session of Congress thesis – must be evident even to a blinkered Washington.

Recall the new ‘equation’ that followed the assassination of a senior IRGC official in the Iranian Consulate in April 2024: Henceforth Iran will respond directly — and directly from Iran. Washington says it does not want war with Iran, yet the latter explicitly was what Netanyahu advocated. Did the legislators miss his point?

For nearly ten months, Israel has been unable to stabilize the situation along the northern border and allow for the return of displaced Israelis to their homes. Even if the Beirut strike doesn’t lead to wider war, restoring a negotiated stability on the Lebanese border is now beyond reach – as is too, a Gaza hostage deal. “How can mediation succeed when one party assassinates the negotiator on the other side”, Qatari PM al-Thani ruefully observed.

So too ‘overlooked’ in the West, will be that which happened in Israel on the same day the assassinations later took place: Right-wing vigilantes descended from their settlements, storming two military IDF bases. The anarchic scenes of mass break-ins, fomented by several members of the ruling coalition, some of whom took part in the forcible entries, sparked angry condemnation from Defence Minister Gallant.

The invasions were supported by one minister and several Knesset members seeking to free reservists that are suspected of aggravated abuse and forcible sodomy against a Palestinian detainee. According to a security source, the injured detainee was taken to a hospital with severe injuries, including to an intimate body part which left him unable to walk.

“The spectacle of military police officers coming to arrest our best heroes at Sde Teiman is nothing less than shameful”, said Ben Gvir, whose ministry controls the Israel Police and Israel Prison Service, said of the storming of the IDF post.

Yet the wider picture as related by Yossi Melman is:

“What is happening on the part of the nationalistic messianic Right with the backing, winking or silence of ministers and MKs of the Right is a “putsch”. The youth coming down from the hills of the ‘State of Judah’ to act with the same violent methods – used against the Palestinians – (but now) are being used against the state of Israel. MK Limor Son Har-Malech (Otzma Yehudit) said: “The people of Israel will fight against enemies from outside and enemies who try to destroy us at home” [those such as the Advocate General seeking to investigate the torture being practiced Sde Teiman]. The concept of the knife in the back and the betrayal at home echoes the voices in Germany after WWII”.

Again, overlooked but not in the news: The situation at Sde Teiman was widely-known and said to be “more horrific than anything we’ve heard about Abu Ghraib and Guantanamo”. A UN report has detailed how Palestinians arbitrarily detained faced torture and mistreatment. The vigilantes from the settlements nevertheless described those committing the anal rape as “heroes” — and cast the IDF investigators as fifth columnists. Reports suggest that the perpetrators at Sde Teiman enjoy high level protection.

This account of systematic torture followed earlier revelations that the Israeli army had marked tens of thousands of Gazans as suspects for assassination, using an AI targeting system, called Lavender, with little human oversight and a permissive policy for casualties.

In the same vein, Right-wing Cabinet ministers celebrated the assassination of Ismail Haniyeh in Tehran on social media Wednesday morning, as: “This is the right way to purge the world of this filth”, Heritage Minister Amichay Eliyahu, a member of National Security Minister Itamar Ben Gvir’s far-right Otzma Yehudit party, tweeted:

“No more imaginary ‘peace’/surrender agreements, no more mercy for these dead men walking. The iron fist that will strike them is the one that will bring quiet and a modicum of comfort, and strengthen our ability to live in peace with those who seek peace. Haniyeh’s death makes the world a slightly better place”.

What then is this ‘truth’ that the West ignores and silences reality, whilst amplifying its narrative frauds? It is that the Israel which they presume to understand is now something very different. And that it has an epistemology at odds with mechanistic rationalism.

An eschatological Right-wing cult now holds the majority in cabinet — and wields a vigilante militia ready to attack the military establishment, and the Israeli state. No one was arrested for the attack and take-over of the two bases. They do not dare.

Moshe “Bogie” Ya’alon, former Chief of Staff of the IDF, who also served as Israel’s Defence Minister, had this to say in a video interview on the forces taking over in Israel:

“When you talk about Smotrich and Ben Gvir: They have a Rabbi. His name is Dov Lior. He is the Rabbi of the Jewish Underground, who intended to blow up the Dome of the Rock – and before that the buses in Jerusalem. Why? In order to hurry up the ‘Last War’. Do you [not] hear them talking in terms of the Last War; or of Smotrich’s concept of ‘subjugation’?  Read the article he published in Shiloh in 2017. First of all, this concept rests on Jewish supremacy: Mein Kampf in reverse”.

“My hair stands on end when I say that – as he said it. I learned and grew up in the house of Holocaust survivors and ‘never again’. It is Mein Kampf in reverse: Jewish supremacy: and therefore [Smotrich] says: “My wife won’t go into a room with an Arab”.  It is anchored in ideology. And then actually what he aspires to – as soon as possible – is to go to a big war. A war of Gog and Magog. How do you start the flames?  A massacre like the [1994] Cave of the Patriarchs?  Baruch Goldstein is a student of this Rabbi. Ben Gvir has hung up Goldstein’s picture [in his house]”.

“This is what goes into the decision-making process in the Israeli government”.

Rabbi Dov Lior has been described by Netanyahu as the “élite unit that leads Israel”, because of his influence and control over the settler forces. The 1948 Irgun, drawing heavily on the Mizrahim, is being reborn?

Isn’t it time that the western ruling structures raised their eyes from their reverie, and read the runes that manifest all around them? Some serious players don’t think as you westerners do; they seek Gog and Magog (the prophecy that “the children of Israel” will be victorious in the battle of Armageddon). That is what you risk.

end

/ISRAEL/USA/IRAN

USA hints of regime change in Tehran

(zerohedge)

US Hints At Regime Change In Tehran If Israel Is Attacked

THURSDAY, AUG 08, 2024 – 08:30 PM

The US is preparing to play Air Force for Israel’s skies as it deploys a dozen F-22 stealth raptor jets to the Middle East region. This change in ‘force posture’ was not debated in Congress (nor is it even really being debated on the mainstream networks), despite that clearly US service members could soon find themselves in the middle of a war between Iran and Israel.

The White House has issued a fresh warning to Tehran on Thursday as it is said to still be gearing up for a strike on Israel in retaliation for the July 31st killing of Hamas leader Ismail Haniyeh at a residence in Tehran. The new warning from Washington includes both negative economic consequences and threats of destabilizing actions directed against the newly elected government of Masoud Pezeshkian.

“The United States has sent clear messaging to Iran that the risk of a major escalation if they do a significant retaliatory attack against Israel is extremely high,” a US admin official told The Wall Street Journal.

The official further said that Tehran has been put on notice over “a serious risk of consequences for Iran’s economy and the stability of its newly elected government if it goes down that path.”

Is this a threat of regime change? To the ears of Iranian officials, it will sure sound like it given the country on its eastern border and the country on its western border were both regime-changed by Washington.

Currently, the consensus among US national security officials is that Hezbollah is likely to play a much bigger and coordinated role in any potential Iranian ballistic missile and drone attack on Israel:

Officials also don’t know for sure whether Hezbollah plans to attack at the same time in a coordinated offensive with Iran or separately. Hezbollah has a large arsenal of missiles that can reach Israel and the concern is that the group and Iran might attack at the same time to try to overwhelm Israel’s missile defenses.

“Last time we got more of a heads up, and this time people are making their best guesses,” said a third U.S. official.

But while the US mainstream media narrative remains that it is exclusively Iran and its regional allies that are the regional ‘aggressors’ against Israel and the US, the fact remains that it is Israel which has attacked close Tehran ally Syria literally hundreds of times over the past years.

You will find more infographics at Statista

And more recently, Israel attacked the Iranian embassy in Damascus (the aftermath which is pictured above). Nation-states did not attack each other’s embassies even during World Wars I and II, and the strike on the diplomatic complex was unprecedented in history as an intentional act prior to Israel’s April 1st operation in the Syrian capital.

END

ISRAEL//SYRIA/RUSSIA

Israel attacks airbase in Syria which is known to house Russsian troops

scary!@

(zerohedge)

Israel Attacks Airbase In Central Syria Known To House Russian Troops

THURSDAY, AUG 08, 2024 – 06:50 PM

Following late night explosions being reported in the central Syrian region of Homs, state media SANA has subsequently confirmed that an Israeli airstrike has wounded at least four soldiers and caused “material losses” at the Shayrat Airbase.

The Israeli attack came from the direction of northern Lebanon. It has become common for Israeli jets to use undefended Lebanese airspace from which to attack targets inside Syria. Images showing a series of large explosions have circulated on social media.

Shayrat Airbase has long been well-known also as a base of Russian troop operations over several years. It remains unknown if Russians were present at the base when it was struck late Thursday night. Some Israeli sources have said ammo storage depots were hit, or else ‘Iranian assets’ were targeted – as is the usual refrain after such operations.

The airfield is the same base bombed by then President Trump in April of 2017:

The US launched 59 Tomahawk cruise missiles from its warships in the eastern Mediterranean early Friday, taking aim at the Syrian airbase it believes houses the aircraft that carried out the attack.

But it’s not just Syria that uses the Shayrat airfield – Russia, its key ally, has forces based there too.

@mazzenilsson

Al-Shayrat hit tonight by Israeli forces. The initial information about an air attack targeting the vicinity of Al-Shayrat Airport in the eastern countryside of Homs, central Syria, and air defenses intercepted a number of missiles.

Iranian Pouya Air Il-76 Cargo (EP-PUS) from Tehran landed in Khmeimim Air Base, Syria this morning, transponders turned off all the way (lucky to catch it) High likely Weaponry for the Resistance in Lebanon.

4:36 PM · Aug 8, 2024

686 Views

Al-Shayrat hit tonight by Israeli forces. The initial information about an air attack targeting the vicinity of Al-Shayrat Airport in the eastern countryside of Homs, central Syria, and air defenses intercepted a number of missiles. https://t.co/eaOuIvjUaz
— Mats Nilsson (@mazzenilsson) August 8, 2024

Elsewhere in Syria, pro-Damascus Arab tribes in the east are seeking to drive out American occupying forces in the vicinity of Syria’s oil and gas sites.

Turkish media reported at least nine separate clashes between Syrian Arab militants and US-backed Kurdish groups. “A warplane belonging to the international coalition led by the US made a low flight above the Deir ez-Zor countryside,” Anadolu Agency said. One regional report has said the Syrian national army is involved in the fighting:

Syrian army troops shelled positions of the US-backed Syrian Democratic Forces (SDF) on Thursday, responding to attacks from the Kurdish militia on its territory in the countryside of the eastern governorate of Deir Ezzor.

The Syrian Arab Army (SAA) shelled SDF positions in Al-Busayrah city and the towns of Al-Sabha, Bariha, Jadid Bakara, and Al-Dahla in Deir Ezzor’s eastern countryside, Al Mayadeen reported on Thursday.

The SDF’s media center announced on August 8 that its militants targeted the Syrian army and allied forces in the Al-Zubari and Sa’lu villages of the Deir Ezzor countryside with artillery and mortar shells.

Beirut-based The Cradle additionally reports that “A coalition of Syrian Arab tribes, dubbed the Army of Tribes, seized several towns from the SDF in the countryside of eastern Syria’s Deir Ezzor governorate on 7 August.”

Scenes of Arab tribal forces in the city of Dhiban in the eastern suburbs of Deir Ezzor and the siege of the al-Omar oil field refinery in this city. US Forces in Syria have been placed on high alert after the rapid advance of Syrian tribal forces. (The US army has a

Tribal forces conquered a number of SDF checkpoints and strongholds in eastern Deir ez-Zor province. 4/

Lord Bebo

@MyLordBebo

Aug 7

Scenes from northern Abu Hamam, as Syrian forces expel the remaining SDF from the town. 5/

Lord Bebo

@MyLordBebo

The US backed SDF brings in huge military reinforcements including tanks and armored vehicles in north of Deir Ezzor, and heads to the eastern countryside of Deir Ezzor. Fight is going on. 6/

0:23

6:06 AM · Aug 7, 2024

43.1K Views

https://twitter.com/MyLordBebo/status/182112570972663840

In the evening hours of Thursday there have been unconfirmed reports of a fresh attack against American forces located at the Rumalyn Landing Zone in Northeastern Syria.

All of this is happening against the backdrop of continued fierce fighting between Hezbollah and Israel in southern Lebanon, a situation which threatens to escalate further…

Several Israeli Airstrikes just now on the Town of Hanaouay in the Tyre District of Southwestern Lebanon, with Fire and Smoke being seen from Miles by Residents.

3:44 PM · Aug 8, 2024

346K Views

Several Israeli Airstrikes just now on the Town of Hanaouay in the Tyre District of Southwestern Lebanon, with Fire and Smoke being seen from Miles by Residents. pic.twitter.com/zSpJusnKIy
— OSINTdefender (@sentdefender) August 8, 2024

Very likely, the Syria situation will continue to unravel rapidly in the event of a major clash between Israel and Iran (and its proxies). Some 1,000 US troops (and likely many more contractors) continue to occupy northeast Syria, and we could be witnessing the beginning of the end of the Pentagon’s occupation of sovereign Syrian territory.

END

ISRAEL/IRAN/PAKISTAN

This is not good: I would never trust Pakistan for anything:

Rumours that they will provide ballistic missiles to Iran

(Jerusalem Post)

Pakistan denies the ‘Post’s’ report that it will provide ballistic missiles to Iran

Iran and Pakistan have previously had a tense relationship, although reports have shown improvements since Iran’s president visited Pakistan in April.

By JERUSALEM POST STAFF, REUTERSAUGUST 9, 2024 13:13Updated: AUGUST 9, 2024 14:53

War between Iran and Pakistan (illustrative) (photo credit: DADO RUVIC/REUTERS) — War between Iran and Pakistan (illustrative)(photo credit: DADO RUVIC/REUTERS)

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fbreaking-news%2Farticle-814040&unitId=2900003088&userId=0984023a-6fcf-4b29-a5e6-1be85cfd6d0a&isLegacyBrowser=false&isPartitioningSupport=1&version=20240806_6acfb33d76c3eb9a89ef4b5a95407f971ad802d8&useBunnyCDN=0&themeId=140&unitType=tts-player

Pakistan’s foreign ministry denied reports by the Post that Pakistan was planning to provide Shaheen-III medium-range ballistic missiles to Iran, Reuters reported on Friday.

The spokesperson for the ministry, Mumtaz Zahra Baloch, referenced the Post’s article earlier this week, which was based on a Maariv report.

Maariv, an Israeli publication and member of the Jerusalem Post Group, cited Arab sources in its report that Pakistan planned to supply Iran with the missiles should war break out with Israel. This was reportedly discussed during an emergency meeting of the foreign ministers of the Organization of Islamic Cooperation (OIC), requested by Iran and Pakistan, in Saudi Arabia.

Pakistan does not have diplomatic ties with Israel. Iran and Pakistan have previously experienced a tense relationship, but there has reportedly been an improvement since Iran’s president visited Pakistan in April, Reuters reported. The nations have since said they are boosting trade ties and regional cooperation.

Pakistan’s deputy prime minister and foreign minister Ishaq Dar had spoken by phone with Iran’s foreign minister in recent days, Baloch said and had attended an emergency meeting convened by the Organisation of Islamic Cooperation (OIC) meeting in Saudi Arabia this week where he condemned Israel’s actions in the Gaza strip and called for a ceasefire and better access for humanitarian aid.

PAKISTAN’S PRIME Minister Shehbaz Sharif (left) greets Iranian President Ebrahim Raisi in Islamabad last month. (credit: Pakistani Prime Minister's Office/Reuters) — PAKISTAN’S PRIME Minister Shehbaz Sharif (left) greets Iranian President Ebrahim Raisi in Islamabad last month. (credit: Pakistani Prime Minister’s Office/Reuters)

“He also called for preventing further escalation of violence and tensions,” she added.

Calls for de-escalation

Also, in her statement, Baloch said, “Pakistan will support all efforts to prevent a war in the Middle East.” She did not comment on whether Pakistan had been in contact with Washington over the issue.

This week a Pakistani man with alleged ties to Iran was charged in the United States in connection with a foiled plot to assassinate a US politician or government officials, according to the justice department.

Baloch said Pakistan had contacted US authorities and was waiting for more information. She added Pakistan could not determine any individual’s nationality without full details.

END

ISRAEL//IRAN

Iran has a new highly explosive missile

(Reuters)

Iranian Guards navy has new highly explosive missiles, state media say

According to the US Office of the Director of National Intelligence, Iran is armed with the largest number of ballistic missiles in the region.

By REUTERSAUGUST 9, 2024 12:38Updated: AUGUST 9, 2024 14:06

An Iranian missile is displayed during a rally marking the annual Quds Day, or Jerusalem Day, on the last Friday of the holy month of Ramadan in Tehran, Iran April 29, 2022. (photo credit: MAJID ASGARIPOUR/WANA (WEST ASIA NEWS AGENCY) VIA REUTERS) — An Iranian missile is displayed during a rally marking the annual Quds Day, or Jerusalem Day, on the last Friday of the holy month of Ramadan in Tehran, Iran April 29, 2022.(photo credit: MAJID ASGARIPOUR/WANA (WEST ASIA NEWS AGENCY) VIA REUTERS)

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fbreaking-news%2Farticle-814035&unitId=2900003088&userId=0984023a-6fcf-4b29-a5e6-1be85cfd6d0a&isLegacyBrowser=false&isPartitioningSupport=1&version=20240806_6acfb33d76c3eb9a89ef4b5a95407f971ad802d8&useBunnyCDN=0&themeId=140&unitType=tts-player

The Iranian Revolutionary Guards said on Friday that its navy has new cruise missiles equipped with highly explosive warheads that are undetectable, state media reported.

The announcement by the country’s most powerful security organization coincides with fears of a full-blown Middle East war after Iran vowed to avenge the assassination in Tehran on July 31 of Ismail Haniyeh, leader of the Palestinian Islamist Hamas.

Iran has blamed Israel, while Israel has neither confirmed nor denied involvement.

“In today’s world you either have to be powerful to survive, or surrender. There’s no middle ground,” said the Guards’ top commander, Major-General Hossein Salami.

“A large number of cruise missiles have been added to the Guards’ navy fleet. These new missiles have capabilities of highly explosive warheads that are undetectable and can cause extensive damage and sink their targets,” a Guards statement said.

The Guards’ navy also said in a statement that various types of long and medium range missile systems, as well as reconnaissance drones and naval radars, have been added to its fleet.

A missile is launched during an annual drill in the coastal area of the Gulf of Oman and near the Strait of Hormuz, Iran (credit: REUTERS)

“These systems are among the most up-to-date anti-surface and sub-surface weapons in the Guards’ navy,” it said.

Missile capability

State television displayed several of the weapons on Friday. The navy added that only 210 of the 2,654 systems were shown as it was not possible to unveil other strategic ones for security reasons.

Iran has one of the biggest missile programs in the Middle East, regarding such weapons as an important deterrent and retaliatory force against US and Israel in the event of war.

According to the US Office of the Director of National Intelligence, Iran is armed with the largest number of ballistic missiles in the region.

END

ISRAEL/IRAN

Iran Guards readying to avenge Hamas leader’s death, Quds Force head tells Sinwar

By AP

The commander of the Quds Force of the Islamic Revolutionary Guard Corps, Esmail Qaani, speaks during a commemoration ceremony marking the anniversary of the 2020 killing of Guards general Qasem Soleimani in the capital Tehran on January 3, 2024. (ATTA KENARE / AFP)

Iranian Revolutionary Guards’ Quds Force chief Ismail Qaani says in a letter to new Hamas leader Yahya Sinwar that Tehran will avenge the killing of his predecessor who was killed in the Iranian capital last week.

“We are preparing to avenge his blood, a painful and difficult incident that happened in the Islamic Republic of Iran. This is our duty,” Qaani tells Sinwar about the assassination of Ismail Haniyeh. He didn’t elaborate on how Teheran will avenge Haniyeh’s death.

Qaani indicates that the retaliation will be harsher than a mid-April missile and drone attack that Iran launched against Israel to avenge an Israeli airstrike on the Iranian consulate in the Syrian capital in which two Iranian generals were killed.

Qaani vows Tehran “will be with you on the road of resistance until we achieve the divine promise which is to clear Jerusalem.”

END

Pezeshkian suggests striking Israel’s ‘secret bases’ in neighboring countries – Telegraph

Sources in Iran are speculating about possible internal power struggles between Pezeshkian’s newly ascendant faction and the IRGC, with both trying to set the tone for the new regime.

By JERUSALEM POST STAFFAUGUST 9, 2024 18:02Updated: AUGUST 9, 2024 19:0

Iran's President-elect Masoud Pezeshkian and Iran's Supreme Leader Ayatollah Ali Khamenei attend a Muharram mourning ceremony in Tehran, Iran July 12, 2024. (photo credit: Office of the Iranian Supreme Leader/WANA via REUTERS) — Iran’s President-elect Masoud Pezeshkian and Iran’s Supreme Leader Ayatollah Ali Khamenei attend a Muharram mourning ceremony in Tehran, Iran July 12, 2024.(photo credit: Office of the Iranian Supreme Leader/WANA via REUTERS)

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fbreaking-news%2Farticle-814066&unitId=2900003088&userId=0984023a-6fcf-4b29-a5e6-1be85cfd6d0a&isLegacyBrowser=false&isPartitioningSupport=1&version=20240806_6acfb33d76c3eb9a89ef4b5a95407f971ad802d8&useBunnyCDN=0&themeId=140&unitType=tts-player

Iran’s new president, Masoud Pezeshkian, and the Islamic Revolutionary Guard Corps disagreed on the response to the assassination of Hamas leader Ismail Haniyeh, with the former suggesting the Islamic Republic target secret Israeli bases, according to a Friday report in the Telegraph.

While the IRGC reportedly wants to attack Tel Aviv and other cities directly, the president fears the consequences and suggested attacking Israel’s “secret bases” in neighboring countries instead.

This is part of ongoing disputes between the new president and the IRGC, with Pezeshkian being considered more moderate than his predecessor, Ebrahim Raisi.

The decision is in the hands of Supreme Leader Ali Khamenei, who serves as the country’s Commander-in-Chief.

Iran has previously attacked what it claims are Mossad “spy bases” in Iraqi Kurdistan in multiple strikes in January, which killed several civilians, including a local millionaire and his family.

Alternative targets for an Iranian strike could be in Azerbaijan, with the plan to warn them ahead of time.

BRIGADIER-GENERAL Esmail Qaani, head of the IRGC Quds Force, attends the opening ceremony of Iran’s 12th parliament in Tehran, in May. Recent events show the deep deterioration of Iran’s internal security apparatus, says the writer. (credit: West Asian News Agency/Reuters)

A power struggle in Tehran

Sources told the Telegraph that the IRGC was attempting to undermine the Pezeshkian and were pushing for more aggressive retaliation.

“Mr. Pezeshkian fears that any direct attack on Israel would have serious consequences,” a close aide to the president told the Telegraph.

“He mentioned that we were lucky that Iran did not go to an all-out war with Israel last time and maybe not this time,” the aide said, referring to the April attack on Israel.

The IRGC’s insistence on targeting Israel is “more about undermining his week-long presidency rather than covering the humiliation they have suffered,” the aide continued.

They added that the president “does not feel humiliated as it happened hours after he was sworn in.”

There have been some rumors that Hezbollah may attack on its own, with some in Iran wanting to let Hezbollah handle the response and simply provide them with more sophisticated weapons.

IRGC officials, however, are reportedly still intent on striking Tel Aviv in coordination with their “Ring of Fire” proxy groups.

Sources in Iran are speculating about possible internal power struggles between Pezeshkian’s newly ascendant faction and the IRGC, with both trying to set the tone for the new regime.

ISRAEL/usa

Josh Shapiro quotes ancient rabbi in statement about not being Kamala Harris’ VP pick

Josh Shapiro, after losing the VP race, quoted Rabbi Tarfon’s adage on duty and perseverance, reaffirming his commitment to Pennsylvania.

By BEN SALES/JTAAUGUST 7, 2024 07:38Updated: AUGUST 7, 2024 11:28

Governor of Pennsylvania Josh Shapiro speaks during the Democratic National Committee winter meeting in Philadelphia, Pennsylvania, US, February 4, 2023. (photo credit: Hannah Beier/Reuters) — Governor of Pennsylvania Josh Shapiro speaks during the Democratic National Committee winter meeting in Philadelphia, Pennsylvania, US, February 4, 2023.(photo credit: Hannah Beier/Reuters)

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Famerican-politics%2Farticle-813643&unitId=2900003088&userId=0984023a-6fcf-4b29-a5e6-1be85cfd6d0a&isLegacyBrowser=false&isPartitioningSupport=1&version=20240806_6acfb33d76c3eb9a89ef4b5a95407f971ad802d8&useBunnyCDN=0&themeId=140&unitType=tts-player

When he was elected governor of Pennsylvania in 2022, Josh Shapiro declared victory by quoting a famous adage from Pirkei Avot, an ancient code of Jewish ethics.

Now, after losing the battle to be Kamala Harris’ running mate, Shapiro has turned to the same adage, attributed to Rabbi Tarfon, a sage who lived nearly 2,000 years ago.

“Since I first ran for State Representative 20 years ago, I’ve been called to serve because I want to leave our community, our Commonwealth, and our country better off for our children – and because my faith teaches me that no one is required to complete the task, but neither are we free to refrain from it,” Shapiro, who is Jewish, said in a statement Tuesday morning, following reports that Harris had chosen Minnesota Gov. Tim Walz as her vice presidential nominee.

The quotation – “It is not your duty to finish the work, but neither are you at liberty to neglect it,” – is generally taken as a reassurance to those facing monumental or seemingly unreachable goals. It has become a mainstay of Jewish activist circles across the political spectrum.

Shapiro’s statement came after a two-week period when he was thought to be one of the frontrunners in Harris’ veepstakes. By Monday, he and Walz were reportedly the final two contenders. The distinction between them had been framed as a choice between one swing-state governor – Shapiro – with a reputation for centrism and bipartisanship, and another – Walz – with a folksy demeanor and cachet with the party’s progressive wing.

rabbi Tarfon's grave in Kadita, upper Galilleeץ (credit: Wikimedia Commons) — rabbi Tarfon’s grave in Kadita, upper Galilleeץ (credit: Wikimedia Commons)

Rumors that Shapiro was the leading candidate ignited a campaign by progressives to sink his bid, focused on his support for Israel, his criticism of pro-Palestinian college student protesters, and his positions that buck Democratic norms. Several of Shapiro’s Jewish allies, noting that Walz also has a pro-Israel record, suggested that the anti-Shapiro effort was antisemitic. No parallel anti-Walz campaign emerged in the public eye.

Shapiro congratulates Walz

Shapiro, who attended Jewish day school and remains involved in his Philadelphia-area Jewish community, didn’t address those allegations in his statement. He said he had gone through Harris’ vetting process and “was grateful to have the opportunity to speak with the Vice President directly about her vision for the role and the campaign ahead.”

He added, “As I’ve said repeatedly over the past several weeks, the running mate decision was a deeply personal decision for the Vice President and it was also a deeply personal decision for me.”

He congratulated Walz and his wife, whom he referred to as “Tim and Gwen” and whom he called “good friends of ours.” He wrote that Harris “has my enthusiastic support,” and he pledged to campaign for her in Pennsylvania, seen by many analysts as a must-win state. He said he would appear at a rally with Harris later on Tuesday in Philadelphia, where she will publicly appear with Walz as her running mate.

Shapiro took office at the beginning of last year and, in his statement, recommitted to serving as Pennsylvania’s governor, referring back to the Rabbi Tarfon passage.

“Pennsylvanians elected me to a four-year term as their Governor, and my work here is far from finished. There is a lot more stuff I want to get done for the good people of this Commonwealth,” he wrote. In just 19 months, we’ve made a meaningful, positive impact in people’s lives, and I’m proud of how Americans all across the country have taken notice of what we’re accomplishing here in Pennsylvania.”

end

RUSSIA/UKRAINE

ROBERT H

This will be one of the 1st bases wiped out

.”It does not matter when, as it is only time to pass before this base will be eliminated.

War is coming to Europe whether soon or in a year or two. When a society moves like this one has teh cycle of war cannot change because the elements and conditions that precede actual confrontations build upon themselves.

Astute capital will omit Romania as an investment opportunity.

Romania threatened by its own militarization as NATO’s “center” shifts to the Black Sea

After The Times reported earlier this week that work is under way to transform the Mihail Kogalniceanu (MK) Air Base near the Black Sea port of Constanta in Romania into the largest NATO military base in Europe, it’s become clear: NATO’s military infrastructure is advancing towards Russia not only in the Baltics, but also on the Blak Sea coast.

“NATO’s center shifts east as it moves the largest European base to Romania,” The Times’ headline said. So, what is known about MK so far?

Right now, the Mihail Kogalniceanu base already covers 500 hectares of land and serves as a home to thousands of NATO troops, including the 101st US Airborne division.

By 2030, the MK base will have the capacity to host 10,000 soldiers and civilian personnel and it is expected to be fully operational by 2040.

The MK base “will overtake NATO’s Ramstein base in Germany, swallowing up 2,800 hectares of farmland, housing many thousand NATO troops, and being double the size of the German 50,000-garrison” in Ramstein, according to The Times.

The MK base is located just 250 miles away from Russia’s Crimea and 186 miles from the strategically and spiritually important port city of Odessa.

Romanian authorities officially announced that they would finance the expansion of the base, expected to be around to €2.5 billion ($2.7 billion).

Romania bought three squadrons of F-16 fighter jets and plans to buy 32 ultra-modern F-35 Lightning jets that will be stationed at the base. Recently, the base was visited by nuclear-capable B-52 bombers that flew there from the US.

Once the news of the MK base’s modernization was revealed, Moscow reacted accordingly: Russian Senator Andrei Klimov said that “the closer it [the base] is to Russia’s borders, the more likely it is to be among the first targets for retaliatory strikes.”

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end

RUSSIA/USA

Speaks of a lack of tactical strategic thinking

The craziest part is that the Pentagon has sanctioned this making itself part of the attack. And by admission now more embroiled in a mess that grows. I suppose Zelensky will now drink wines from his Italian Winery to review combat reports.

Tactics, losses and the concept of the AFU in Kursk region: a breakdown by the “Military Chronicle”

Concept of the operation

There has been a definitive change of narrative. If the two previous attempts to strike the Belgorod region were attempted to be realized by the hands of the GUR and the RDK, now the AFU army units are openly involved. It cannot be ruled out that there will be another attempt to attack the Belgorod region and possibly the Bryansk region.

Which brigades are involved in the attack?

The 26th Artillery Brigade (Krab SAU), units of the GUR and SDF, the 22nd OMBR and the 82nd ODShBr (the anti-heroes of the offensive at Rabotino village and Volchanskoye). Elements of both brigades began to suffer losses as early as August 6.

Given the complexity of the breakthrough area, the combat order was probably as follows: in the first echelon of the attack there was a battalion each from the 22nd and 82nd Brigades, which tried to wedge themselves into Russian territory as much as possible, plus units of the GUR and SDF. Behind them, but already on the territory of Sumy region – two more brigades as a reserve. We will soon find out which ones. Fire support was provided by the 26th Artillery Brigade or elements of it.

AFU losses in Kursk region

At the moment of crossing the border, the AFU had a grouping of more than 1,000 men. In 24 hours the Defense Ministry of the Russian Federation reported that on the Ukrainian side 100 military men were killed and 215 wounded, 54 pieces of equipment were destroyed, i.e. about one third of the first echelon was eliminated during the day. On August 8, the Russian Defense Ministry reported the destruction of 400 people and another 32 pieces of equipment.

In the context of losses, it is especially important that a large number of light armored vehicles are lost, on which the AFU (as in 2022 near Kharkiv) are trying to move quickly from village to village. Large one-time losses of this equipment indicate the covering of places of concentration, columns, parking lots, which means that the AFU are being watched from the sky and are working as quickly as possible.

It is also worth paying attention to the ratio of losses of tanks and TBMs – one to ten. The light armored vehicles involved are less survivable, and there are few tanks assembled for the strike. With such an outfit of forces it is impossible to seriously attack deep into the defense, as well as without air cover.

Conclusions

The rapid advance of the AFU’s mobile groups made it possible for individual groups to advance to a depth of up to 15 kilometers and to take control of a section of the border strip about 15 kilometers wide. But this is where the progress actually stopped: now the “North” group continues to strike the territory of Sumy region – and most likely, the second echelon of the AFU will go into battle disorganized and in no condition to radically affect the state of affairs. Yes, there are battles near Suja, near Korenev, but tactical success in such operations is only half the battle. The main issue is the ability of the AFU to provide transportation, transportation of the wounded, rotation, etc. If these points are hampered, the advancing AFU troops will naturally exhaust the supplies they brought with them. And then the whole operation will descend into blocking and catching scattered groups in forests and other hiding places. For the deployment of serious forces in the Kursk region there is not enough space and conditions, which may indirectly speak about the diversionary nature of the strike.

Military Chronicle

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end

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

a must view….

IVERMECTIN – powerful repurposed agent against Acute Myeloid Leukemia (AML) and other Leukemias.
https://makismd.substack.com/p/ivermectin-powerful-agent-against

WORLD EVENTS NOTEWORTHY

END

WORLD HEALTH ISSUES

MARK CRISPIN MILLER

DR PAUL ALEXANDER

COVID Feb 2020 onwards was a 100% fraud lie all MADE-UP, an over-cycled 95% false-positive PCR-manufactured fraud non-pandemic (we had NO pandemic) with the lie of ASYMPTOMATIC spread & equal risk of

severe outcomes despite differentials in baseline risk & age, was all a FRAUD to damage Trump’s re-election & it worked! He was not re-elected; RNC was 100% WRONG to whitewash COVID out of convention

DR. PAUL ALEXANDERAUG 8

READ IN APP

Trump lost in 2020 because of vote mischief & failed response & OWS.

It is a fact. You may not want to know it, but it is a fact. The fake pandemic response hurt Trump at the polls in 2020. People were hurt.

Denying it will not make it go away.

The RNC was 100% WRONG to whitewash COVID out of convention; the decision was made to not table and mention COVID or the deadly mRNA vaccine. That was wrong! Too many were hurt by it on both sides and no longer can any of these leaders say the lockdowns were effective or the mRNA vaccine worked. They were not, they (lockdowns and Malone Bourla Bancel (Pfizer, MODERNA et al.) mRNA vaccine) actually killed people. Both sides.

One side brought it, and one side rolled it out and mandated it…both sides are to blame for the harms we have endured and standing up and admitting it, and facing it, and telling people how you will make them WHOLE, is what is needed, NOT denial and a game.

I think Trump remains the best option for USA (and world) and ONLY option and I stand behind him fully. 100% and will work day and night to help re-elect him but he

i)must re-visit LIABILITY PROTECTION under PREP ACT and

ii)he must consider some form of victim compensation fund for those hurt by the lockdowns and vaccine and

iii)he must give whistle blower protection to doctors and scientists to come forward and tell us of the wrongs they did and

iv)he must disband the VAERS (CDC’s corrupted surveillance system) for a proper acute surveillance system for mRNA (and DNA viral vector) vaccine injures for decades to come (to best tailor and target care and support) and

v)he must implement the proper judicial legal tribunals to hold all involved in the COVID and mRNA fraud accountable.

As he seals the border and mass deports all 20 million illegals under Harris and Biden and all from under Obama 2009 onwards (his 8 years) and ends the Russia-Ukraine war and Israel-Hamas war, and brings China to heel (shut down all purchases from China) and brings Cost of Living and inflation down and makes our streets safe again by designating antifa and BLM and jailing thugs for life, no parole ever, as terror groups and apprehends and deports all persons linked to any Latino, Middle Eastern, African gangs and safeguards our 2nd amendment and ensures anyone who physically attacks our police or border agents or military are put to death! All this on day one, January 20th 2025!

MAGA! I believe in Trump and his goodness and ability to fix America!

Trump was never to blame for the failure of the fraud pandemic response because he did not know, he was no scientist, and no, he was not ‘with them’, he was not with subversives and malevolent people like Fauci, Birx, Bourla, Bancel, Malone, Azar, Hahn…I am talking from on the inside…it was war daily…and he Trump fought CDC and teachers union etc….these types, the deepstate, the democrats, all those conspiring to harm his re-election and his safety…no he was ‘with us’…fighting for us, all the time….a good man…he was part of no OP, he tried hard to fix this fraud COVID and save lives (if there was real risk) and he took counsel and advice and guidance from his crooked Task Force save Giroir IMO (I was there and fought on the inside against the madness alongside real soldiers and heroes like Atlas and Navarro and Caputo and Bannon)…

END

SLAY NEWS

The latest reports from Slay News

Major Global Study: Covid Shots Caused ‘Largest Non-War Mortality Event in 100 Years’The lead author behind a major global study of excess death rates in 125 countries has just raised the alarm over the shocking impact of Covid mRNA shots on humanity.READ MORE

National Grid Executives Warn Citizens Must Prepare for Rolling Blackouts Due to ‘Net Zero’National Grid executives are warning that citizens must prepare for imminent rolling blackouts as governments push to comply with the “Net Zero” demands of the World Economic Forum (WEF).READ MORE

Trump: Harris ‘Doesn’t Do Interviews Because She Can’t Answer Questions’President Donald Trump has noted that there’s a very good reason that Democrat presidential candidate Kamala Harris’s handlers are keeping her hidden from the press.READ MORE

MLB’s DEI Chief Billy Bean Dead at 60 Billy Bean, a formative figure in Major League Baseball’s (MLB) office, passed away on Tuesday at the age of 60.READ MORE

Tim Walz Drove Drunk and Lied to Voters about It Kamala Harris’s running mate, Minnesota’s radical Democrat Governor Tim Walz, was arrested for driving drunk while speeding.READ MORE

WHO Considers Declaring Global Public Health Emergency over Monkeypox Outbreak in Africa The World Health Organization has revealed that the unelected United Nations agency is considering declaring a global health emergency due to an outbreak of monkeypox in Africa.READ MORE

Comer Requests Documents on Kamala Harris for Border Crisis Probe The House Oversight and Accountability Committee is moving forward with investigations into Vice President Kamala Harris’s handling of the border crisis.READ MORE

Trump Overtakes Harris among Jewish Voters in Deep Blue New York President Donald Trump is leading Democrat presidential nominee Kamala Harris among Jewish likely voters in deep blue New York, new polling has revealed.READ MORE

Leftists Melt Down after Trump Jokes He’s ‘Never Going Back’ to Melania after Kiss from Supporter President Donald Trump joked that he’s “never going back” to his wife, former First Lady Melania Trump, after getting a kiss from one of his supporters.READ MORE

Violent California Pedo Arrested for Brutal Attack on a Child: ‘Absolute Monster’A man has been arrested by authorities in California over a horrifying attack against a child.READ MORE

Trump Suggests His Lawsuit against Anchor George Stephanopoulos Won’t Stop Kamala Harris Debate on ABC President Donald Trump has suggested that his defamation lawsuit against ABC News anchor George Stephanopoulos won’t prevent his debate with Kamala Harris from moving forward on the network.READ MORE

Trump ‘Thrilled’ That Harris Chose ‘Very Liberal’ Tim Walz as Running Mate: ‘Shocking Pick’President Donald Trump has revealed that he is “thrilled” with Democrat presidential nominee Kamala Harris’s choice of radical Minnesota Governor Tim Walz as her running mate. READ MORE

Democratic Socialists of America Takes Credit for Getting Tim Walz Picked as Harris’ Running Mate The Democratic Socialists of America (DSA) is taking credit for apparently helping Democrat presidential nominee Kamala Harris choose Minnesota Gov. Tim Walz as her running mate.READ MORE

The latest reports from Slay News

EVOL NEWS

TEST NEWS:

…

LATEST NEWS:

NEWS ADDICTS

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

7.OIL PRICES/GAS PRICES/OIL ISSUES

Gazprom, the huge Russian gas exporter continues to supply badly needed gas to Europe

(Charles Kennedy/OilPrice.com)

Gazprom Exports To Europe Via Ukraine Continue Despite Fighting

FRIDAY, AUG 09, 2024 – 05:00 AM

Authored by Charles Kennedy via OilPrice.com,

Russian gas exports to Europe have continued despite reports of Ukrainian forces seizing a key gas metering station near the Russia-Ukraine border.
Concerns over potential disruptions to gas flows have led to a spike in European gas prices.
The ongoing conflict between Russia and Ukraine highlights the vulnerability of Europe’s energy supply and the potential for disruptions.

Natural gas flows from Russia to Europe via Ukraine continued on Thursday despite clashes at the Russia-Ukraine border near the only gas metering station that still sends Russian gas west to Europe.

Unconfirmed reports emerged on Wednesday that Ukraine had seized Sudzha gas metering station in the Russian region of Kursk, a theater of heavy clashes in recent hours after Ukrainian troops crossed into Russian territory with tanks and armored vehicles earlier this week.

The Ukrainian ground assault on Russian regions across the border continued on Wednesday for their second day, forcing Russia to evacuate residents from the Kursk region, sparking a backlash against President Vladimir Putin for failing to thwart the attacks.

Reports of Ukrainian troops seizing the Sudzha gas transfer and measuring stations in the Kursk region of Russia have not been confirmed.

After the Sokhranivka entry point for Russian gas transit via Ukraine was closed, Gazprom had to divert all the gas it can send to the Sudzha entry point.

Russian gas deliveries to Europe have fallen off a cliff since the Russian invasion of Ukraine, but some European customers in central Europe – including Slovakia and Austria – continue to receive Russian gas via the route through Ukraine and a pipeline via Turkey.

Due to concerns about the flows of Russian gas to its few remaining customers in Europe, the Dutch TTF Natural Gas Futures, the benchmark for Europe’s gas trading, has surged to its highest level since December 2023…

On Thursday, gas transit at Sudzha for delivery west to Europe continued.

“Gazprom is supplying Russian gas for transit through the territory of Ukraine in the volume confirmed by the Ukrainian side through the Sudzha gas metering station – 37.3 million cubic meters(1.3 billion cubic feet) as of Aug. 8,” Gazprom representative Sergei Kupriyanov said, as carried by Russian news agency Interfax.

Data from European information platform ENTSOG also shows that the flow of natural gas leaving Ukraine for the EU remains uninterrupted.

end

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

CANADA

Canada’s services PMI shows sector contracting further in July | Reuters

Can you spell recession ?

https://www.reuters.com/markets/canadas-services-pmi-shows-sector-contracting-further-july-2024-08-06/

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

EURO VS USA DOLLAR: 1.0917 UP 0.0002

USA/ YEN 146.99 DOWN 0.697 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/Bank of Japan raises rates by .15% to 1.15..UEDA END HIKING RATES AND NOW CARRY TRADES REIGNITES//

GBP/USA 1.2744 DOWN 0.0002

USA/CAN DOLLAR: 1.3743 UP .0007 (CDN DOLLAR DOWN 7 BASIS PTS)

Last night Shanghai COMPOSITE CLOSED DOWN 7.71 PTS OR 0.217%

Hang Seng CLOSED UP 198.40 PTS OR 1.17%

AUSTRALIA CLOSED UP 1.32%

// EUROPEAN BOURSE: ALL GREEN

Trading from Europe and ASIA

I) EUROPEAN BOURSES: ALL GREEN

2/ CHINESE BOURSES / :Hang SENG CLOSED UP 198.40 PTS OR 1.17 %

/SHANGHAI CLOSED DOWN 7.71 PTS OR 0.217%

AUSTRALIA BOURSE CLOSED UP 1.32%

(Nikkei (Japan) CLOSED UP 193.85 PTS OR 0.56%

INDIA’S SENSEX IN THE GREEN

Gold very early morning trading: 2428.65

silver:$27.52

USA dollar index early FRIDAY morning: 103.04 UP 2 BASIS POINTS FROM THURSDAY’s CLOSE.

FRIDAY MORNING NUMBERS ENDS

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

And now your closing FRIDAY NUMBERS 1: 30 AM

Portuguese 10 year bond yield: 2.868% DOWN 4 in basis point(s) yield

JAPANESE BOND YIELD: +0.851% UP 0 AND 6/ 100 BASIS POINTS /JAPAN losing control of its yield curve/

SPANISH 10 YR BOND YIELD: 3.076 DOWN 5 in basis points yield

ITALIAN 10 YR BOND YIELD 3.652 DOWN 5 points in basis points yield ./ THE ECB IS QE’ ING ITALIAN BONDS (BUYING ITALIAN BONDS/SELLING GERMAN BUNDS)

GERMAN 10 YR BOND YIELD: 2.2265 DOWN 4 BASIS PTS

END

IMPORTANT CURRENCY CLOSES FOR FRIDAY

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

Euro/USA 1.0919 UP .0004 OR 4 basis points

USA/Japan: 146.6 DOWN 1.093 OR YEN IS DOWN 286 BASIS PTS

Great Britain 10 YR RATE 3.983 DOWN 2 BASIS POINTS //

Canadian dollar DOWN .0004 OR 4 BASIS pts to 1.3732

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

The USA/Yuan, CNY ON SHORE CLOSED UP AT 7.1673 (ON SHORE)

THE USA/YUAN OFFSHORE: (YUAN CLOSED (UP)…. (7.1772)

TURKISH LIRA: 33.48 EXTREMELY DANGEROUS LEVEL/DEATH WATCH/HYPERINFLATION TO BEGIN.//ON DEATH WATCH

the 10 yr Japanese bond yield at +0.851…

Your closing 10 yr US bond yield DOWN 5 in basis points from WEDNESDAY at 3.944% //trading well ABOVE the resistance level of 2.27-2.32%)

USA 30 yr bond yield 4.232 DOWN 5 in basis points /12.00 PM

USA 2 YR BOND YIELD: 4.036 DOWN 2 BASIS PTS.

GOLD AT 11;00 AM 2429.30

SILVER AT 11;00: 27.36

Your 11:00 AM bourses for Europe and the Dow along with the USA dollar index closing and interest rates: FRIDAY CLOSING TIME 11:00 AM//

London: CLOSED UP 21.91 PTS OR 0.28%

German Dax : CLOSED UP 42.48 PTS OR 0.24%

Paris CAC CLOSED UP 22.24 PTS OR 0.31 %

Spain IBEX CLOSED UP 80.50 OR 0.76%

Italian MIB: CLOSED UP 40.32 PTS OR 0.13% PTS

WTI Oil price 76.67 12EST/

Brent Oil: 79.56 12:00 EST

USA /RUSSIAN ROUBLE /// AT: 88.67 ROUBLE DOWN 1 AND 85/100

GERMAN 10 YR BOND YIELD; +2.2265 DOWN 4 BASIS PTS.

UK 10 YR YIELD: 3.9836 DOWN 2 BASIS POINTS

CDN 10 YEAR RATE: 3.1416 DOWN 6 BASIS PTS.

CLOSING NUMBERS: 4 PM

Euro vs USA 1.0917 UP 0.0002 OR 2 BASIS POINTS

British Pound: 1.2760 UP 0.0015 OR 15 basis pts

BRITISH 10 YR GILT BOND YIELD: 3.947 DOWN 4 BASIS PTS//

JAPAN 10 YR YIELD: 0.851

USA dollar vs Japanese Yen: 146,69 DOWN 1.056 YEN UP 106 BASIS PTS//

USA dollar vs Canadian dollar: 1.3730 DOWN 0.0005//CDN dollar UP 5 BASIS PTS

West Texas intermediate oil: 76.96

Brent OIL: 79.65

USA 10 yr bond yield DOWN 6 BASIS pts to 3.940

USA 30 yr bond yield DOWN 7 BASIS PTS to 4.240%

USA 2 YR BOND: UP 1 PTS AT 4.053

CDN 10 YR RATE 3.135 DOWN 7 BASIS PTS

USA dollar index: 102.97 DOWN 6 BASIS POINTS

USA DOLLAR VS TURKISH LIRA: 33.50 GETTING QUITE CLOSE TO BLOWING UP/

USA DOLLAR VS RUSSIA//// ROUBLE: 88.39 DOWN 1 AND 85/100 roubles

GOLD 2,430.05 3:30 PM

SILVER: 27,43 3;30 PM

DOW JONES INDUSTRIAL AVERAGE: UP 51.05 PTS OR 0.13%

NASDAQ UP 98.29 PTS OR 0.54 %

VOLATILITY INDEX: 20.43 DOWN 3.34 PTS OR 14.12%

GLD: $224.56 UP 0.55 OR 0.25%

SLV/ $25.00 DOWN 0.01 OR 0.04%

end

USA AFFAIRS

TODAY’S TRADING IN GRAPH FORM

Stocks Erase ‘Black Monday’ Losses As Vol Tumbles; Bond Yields & Black Gold Surge

FRIDAY, AUG 09, 2024 – 04:00 PM

If you took the week off and are just now looking at your book, you could be forgiven for being confused and unimpressed… S&P unchanged, rate-cut expectations notably lower, TSY yields up 15bps, and oil surging.

Source: Bloomberg

What you missed was a 6% collapse in stocks (and 20bps plunge in TSY yields) on Monday as yen-carry-unwinds wreaked havoc in risk markets with VIX exploding to crisis highs, before vol-sellers piled back in…

Source: Bloomberg

As Goldman’s Tony Pasquariello highlighted this morning, the wedge of market enthusiasm that opened up the summer has narrowed considerably…

Additionally, if you wondered just how correlated global positioning cross-asset was, we found out real quick this week, as the Yen Carry trade dominated all and every asset-class…

Source: Bloomberg

As we mentioned above, the big picture for stocks on the week was ‘meh’ with S&P and Nasdaq back up to unchanged. The Dow a small laggard and Small Caps down for the second week in a row (but obviously well off its lows)…Yes, that is a 6%-ish plunge in Nasdaq and Small Caps on Monday that was erased by the end of the week.

Energy and Tech were among the outperforming sectors (even after Tech’s collapse on Monday) while Materials were the laggard…

Source: Bloomberg

‘Most Shorted’ stocks were squeezed back into the green on the week after Monday’s collapse but remain well down from pre-payrolls…

Source: Bloomberg

Mag7 Stocks rebounded dramatically off the 8%-plus pukefest at the cash open on Monday, but ended the week in the red still…

Source: Bloomberg

Goldman’s trading desk noted that the floor better to buy today though overall activity light in notional terms (volumes -10% vs the trailing 20 days) and top of book (liquidity) continues to be weak compared to average.

LOs very quiet with small buy skew across Hcare and macro products, vs selling tech.
HFs selling Tech, Industrials, and Cons Discretionary, vs buying Energy + Macro Products.

Treasury yields were up on the week (with the short-end underperforming – 2Y +18bps, 30Y +12bps on the week), but including Friday’s post-payrolls plunge, yields are still down with the short-end outperforming…

Source: Bloomberg

Rate cut expectations tumbled from the initial surge on Monday withe most of the swing in pricing concentrated in 2024…

Source: Bloomberg

The yield curve (2s10s) briefly disinverted on Monday, but was flatter (more inverted) by the end of the week…

Source: Bloomberg

The dollar ended lower on the week as yen strengthened after BoJ folded…

Source: Bloomberg

Gold rebounded yesterday and today, back above $2400 but ended marginally lower on the week…

Source: Bloomberg

Oil prices had a big week, with WTI ripping back from 6-month lows around $72 to $77 by the end of the week (making it back to pre-payrolls levels)…

Source: Bloomberg

Bitcoin also had a wild week only to end approximately unchanged. Having puked from $62k to $50k, it rebounded all the way back to $62k overnight (before finding support at $60k)…

Source: Bloomberg

Finally, amid the carnage of the last week, money market fund total assets soared to a new record high…

Source: Bloomberg

A huge $53BN inflow (the most since April – Tax Day) suggests ‘real money’ market participants are perhaps more than a little nervous as HFs, vol-sellers, and algos lift the market on thin volumes.

AFTERNOON TRADING/

AFTERNOON TRADING///

II USA DATA

III USA ECONOMIC COMMENTARIES

Another cargo theft from an 18 wheeler in Philadelphia

(zerohedge)

Yet Another Cargo Theft From A Refrigerated 18 Wheeler In Philadelphia

THURSDAY, AUG 08, 2024 – 10:10 PM

Cargo thefts are becoming a trend in Philadelphia…and it doesn’t look like the swearing in of new Mayor Cherelle Parker – who is supposed to be far tougher on crime than her predecessor Jim Kenney – is deterring them.

This time around thieves made off with “large cartons of tuna from a refrigerated truck” in South Philadelphia, according to 6ABC.

The crime took place at about 3:30am on Thursday near Pattison Ave. when the truck was parked on the roadway. The report said that “multiple male suspects got away in two vehicles – a white sedan and a SUV.”

Back in April, thieves made off with more than $12,000 in pork from a Northeast Philadelphia truck. That crime marked the 37th cargo theft in the area for the year, and it was months ago.

The thieves made off with 56 cases of pork at the time.

As ABC noted in April, the location where the pork was stolen is a popular overnight stop for truckers en route to morning warehouse deliveries. However, it’s also become a hotspot for theft, with recent incidents on March 14 involving stolen bourbon and meat while drivers were asleep.

Captain Jack Ryan of the Philadelphia Police Dept. commented: “They are asleep in a lot of cases. The refrigerated trucks make a lot of noise.”

And, recall last year thieves also stole 2 million dimes worth $200,000 from a truck parked at a Philadelphia Walmart. The truck had $750,000 in dimes in it altogether. Many were found strewn about in a Walmart parking lot where the trailer was parked.

The dimes had been picked up at the Philadelphia Mint, but the driver of the truck went home to sleep before planning to drive the next day to Florida.

end

AI now having heaps of skepticism: CISCO prepares a second round of layoffs!

(zerohedge)

Cisco Prepares Second Round Of Layoffs Amid Increasing AI Skepticism; Report

FRIDAY, AUG 09, 2024 – 01:00 PM

The potential of generative AI to transform companies, industries, and societies has been widely touted around the clock by Wall Street analysts and MSM, resulting in what could be a trillion-dollar spending spree in capital investments by companies in the coming years. These investments will cover data centers, chips, AI infrastructure, and the power grid. However, given this context, as AI infrastructure is being built, one of America’s largest networking equipment firms building AI infrastructure could be on the verge of thousands of layoffs. This news doesn’t bode well for the AI bubble.

Reuters, citing ‘people familiar with the matter,’ reports that Cisco plans to cut thousands of jobs in a second round of layoffs. These cuts could be similar in scale to the 4,000 layoffs in February and may be announced as early as next Wednesday.

Cisco is the largest maker of routers and switches that direct internet traffic. The company announced plans to deliver AI infrastructure solutions to data centers with Nvidia earlier this year. Sluggish demand and supply-chain constraints could indicate an emerging slowdown in building an AI compute-based environment.

The latest data from Bloomberg shows Cisco employed around 84,900 people as of July 2023. That number does not include the February layoffs that Reuters first reported. At the time, we penned this note: “Cisco To Fire “Thousands, Adding To Firehose Of Tech Layoffs Since Beginning Of 2024.”

The bear market in Nvidia has some questioning valuations and whether the AI bubble has reached a near-term peak.

In early July, Goldman’s Allison Nathan said despite the rising spending trends in “data centers, chips, other AI infrastructure, and the power grid” by companies, this has yet to translate into “efficiency gains among developers.”

The developing theme is that investor enthusiasm about the potential financial returns from AI has shifted to skepticism. In short, the trillions in market cap gained by the Big 7 – the biggest bubble in history – has yet to produce adequate returns.

Potential Cisco layoffs, which would be the second round of the year, are an ominous sign for the stability of the AI bubble.

Trump wins: Nevada agrees to purge 90,000 ineligible voters from election rolls

(Headline USA.com)

Nevada Agrees To Purge 90K Ineligible Voters From Election Rolls

THURSDAY, AUG 08, 2024 – 09:45 PM

Authored by Luis Cornelio via HeadlineUSA.com,

Nevada has agreed to purge over 90,000 ineligible voters from its rolls following a legal battle with the Republican National Committee and the Trump campaign, according to a press statement from the Nevada GOP.

The purge will focus on Clark County, which includes Las Vegas, and will remove individuals no longer active under state law, the Wednesday statement alleged,

RNC Chair Michael Whatley praised the decision as a significant step for voter security.

“Election integrity starts with clean voter rolls, and that’s why we’ve brought litigation in key states to compel outcomes just like this,” he tweeted.

The Nevada GOP’s Executive Board also expressed satisfaction with the voter roll cleanup in a press statement.

“We are incredibly pleased with the recent voter roll clean-up in Clark County. Our team has worked tirelessly to ensure a fair and free election this November,” the board stated.

@ChairmanWhatley

HUGE WIN: 90,000 inactive voters have been removed from the rolls in Clark County, Nevada as a result of our efforts to Protect The Vote. Election integrity starts with clean voter rolls, and that’s why we’ve brought litigation in key states to compel outcomes just like this.

Quote

Nevada GOP

@NVGOP

Aug 7

Please see the Nevada Republican Party’s statement on Significant Voter Roll Clean-Ups in Clark County.

https://bit.ly/PRVoterCleanUp

4:55 PM · Aug 7, 2024

1.3M Views

HUGE WIN: 90,000 inactive voters have been removed from the rolls in Clark County, Nevada as a result of our efforts to Protect The Vote.

Election integrity starts with clean voter rolls, and that's why we've brought litigation in key states to compel outcomes just like this. https://t.co/71NAmue2qR
— Michael Whatley (@ChairmanWhatley) August 7, 2024

The party vowed to achieve similar victories across the state’s 16 counties ahead of the 2024 presidential election, where President Donald Trump is expected to face Kamala Harris, the embattled and unpopular vice president.

The push for clean voter rolls began in April 2024, shortly after former RNC Chair Ronna McDaniel’s resignation. In June, U.S. District Court Judge Cristina Silva dismissed the lawsuit, claiming the state had insufficient time to address the issues raised.

According to Nevada-based News 4, Secretary of State Cisco Aguilar, a Democrat, began the cleanup after sending postcards to over 150,000 voters whose mail was returned as “undeliverable” during the 2023 primaries.

The voters who did not respond by Aug. 6 were moved to inactive status and will not receive automatic ballots until they update their registration, the outlet reported.

It isn’t immediately clear whether Aguilar’s actions came after the GOP’s requests. Headline USA has reached out to the RNC for clarification.

Nevada is considered a pivotal state for both Trump and Harris in 2024. Trump narrowly lost the state in 2016 and 2020 to Democrats Hillary Clinton and Joe Biden, respectively. Redfield & Wilton Strategies poll shows both candidates tied at 40%.

END

Of course the Fed will lower interest rates to help the Democrats this fall

(zerohedge)

Chicago Fed Head Says The Quiet Part Out Loud In Fox News Interview

FRIDAY, AUG 09, 2024 – 08:55 AM

The Fed’s constant narrative shield of its ‘apolitical-ness’ took a battering this morning when Chicago Fed President Austan Goolsbee said the quiet part out loud during an interview on Fox News.

With the market implying a 50-50 chance of The Fed cutting 25bps or 50bps in September…

…the affable Fed head was asked the ubiquitous question of whether monetary policymakers weigh their ‘mandate-only-driven’ decision to cut rates against the ‘political’ benefits of cutting rates in an election year.

The correct answer to this question is simple – “No!” – The Fed does not consider the election cycle and is data-driven (or some such gaslighting).

Goolsbee’s answer, however, left some room for the ‘grey’ when he admitted that it makes him “a little” uncomfortable that the Fed may start cutting interest rates close to the US presidential election in November.

He did recover quickly, by adding that elections come regularly

“So whatever the Fed does, somebody’s going to say they didn’t like that. All we can do in the Fed is commit to the thing that would be driving our decisions – the dual mandate”

Of course, Goolsbee wouldn’t be the first Fed-related member to crack the door of politicization open…

In his post-Fed existence, Bill Dudley is of course best known for writing that infamous August 2019 Bloomberg op-ed, in which he called for the Fed to hike rates into the last months of Trump first administration to scuttle his odds of re-election…

Watch the full exchange with Goolsbee here:

Pretty wild thing for a voting member to say. He cleans up afterwards but this is not something you should be saying imo. https://t.co/RgznPDG8Re pic.twitter.com/3qxYEtDUBy
— Paul E Williams (@PEWilliams_) August 8, 2024

END

California Power Bills Are Soaring

FRIDAY, AUG 09, 2024 – 08:35 AM

Authored by Tsvetana Paraskova via OilPrice.com,

California residents face the second-highest average electricity bills in the U.S., driven by investments in wildfire mitigation, grid upgrades, and renewable energy integration.
The surge in electricity costs has left nearly 1 in 5 California households behind on their energy bills.
California is transitioning to a new net billing tariff for residential solar and a flat monthly fee structure for electricity in an effort to make electrification more affordable.

Consumers in California have seen their electricity bills surge in recent years and double over the past decade as utilities are investing more in wildfire prevention and transmission lines to accommodate growing renewable energy output.

As these utilities invest billions of U.S. dollars to make the grid more resilient, they pass the higher spending on to consumers.

So California now has the second-highest average electricity bill in the United States, second only to Hawaii.

“Untenable” Surge

California is looking to rapidly shift away from fossil fuels and make its grid more resilient, but these efforts show the other side of the greening of the grid – power generation costs may be plunging, but transmission and distribution costs are rising, leading to higher spending from utilities.

These increased expenditures are passed on to consumers by the investor-owned utilities Pacific Gas & Electric, Southern California Edison, and San Diego Gas & Electric. As a result, electricity bills in California have risen so much in recent years that in some places, the power bill exceeds the cost of rent, The Wall Street Journal reports in a featured article.

The surge in bills has been “untenable,” according to the consumer advocate’s office at California’s utilities regulator.

In its latest 2024 Q2 Electric Rates Report last month, the Public Advocates Office tracked residential electric rate changes across Pacific Gas and Electric (PG&E), San Diego Gas & Electric (SDG&E), and Southern California Edison (SCE) service territories through July 1, 2024.

The report found that over the last few years, California’s electric bills are generally rising due to higher electricity use from things such as air conditioning, and higher overall electricity prices.

Since January 2014, residential average rates for the PG&E service area have jumped by 110%, those of SCE have surged by 90%, and SDG&E rates have soared by 82%.

The primary statewide drivers of soaring rates have been investments in wildfire mitigation, transmission and distribution investments, and rooftop solar incentives or the so-called net energy metering, the Public Advocates Office said.

Overall, residential electricity rates have increased substantially since 2014, surpassing inflation, it noted.

It couldn’t be surprising then that nearly 1 in 5 households are behind on their energy bills, according to the office. A total of 18.4% of the customers of the three investor-owned utilities are in arrears in their energy bills.

Changes in Charging for Electricity

This year, California has changed the way utilities charge for electricity and is transitioning from net energy metering to net billing tariff for residential solar projects. These regulatory changes have hit residential solar installations and are set to change the way power bills are formed starting next year.

The move to the net billing tariff in California dragged down the total U.S. residential solar market, which saw in the second quarter of 2024 its lowest quarter since Q1 2022 at 1.3 GWdc, reflecting a 25% decline year-over-year and 18% quarter-over-quarter.

“While slowdowns are occurring nationwide, these declines were heavily influenced by California, where quarterly installations have shrunk for the last two quarters as NEM 2.0 projects are built out and the state transitions to the net billing tariff,” the Solar Energy Industries Association (SEIA) said in its latest quarterly report.

In another significant change, California’s utilities will charge from next year or 2026 a flat monthly fee of up to $24.15 on all customers while reducing the charges imposed per kilowatt of electricity used.

The California Public Utilities Commission (CPUC) says that the new billing structure “lowers overall electricity bills on average for lower-income households and those living in regions most impacted by extreme weather events, while accelerating California’s clean energy transition by making electrification more affordable for all.”

The usage rate for electricity will be reduced by 5 to 7 cents per kilowatt-hour for all residential customers, which makes it more affordable for everyone to electrify homes and vehicles, regardless of income or location, because the price of charging an electric vehicle or running a heat pump is lower.

However, critics of the new billing structure have said \ it will hurt customers who live in small homes and have relatively small electricity use as the lower per-kWh rate would not offset the new flat fee.

It remains to be seen how the new billing structure will affect California customers and whether it will lead to the expected mass electrification of homes.

A total of 78% of Americans are concerned about their rising energy bills, an exclusive CNET Money survey has shown. Around 80% of U.S. adults in all regions, including the Northwest, Midwest, South, and West, said that their finances have been impacted by growing home energy costs, according to the survey.

California leads in U.S. solar and battery installations, but the cost of bringing that power generation to consumers has soared with the need to expand, upgrade, and protect the power grid.

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

END

KING REPORT

The King Report August 9, 2024 Issue 7302

Independent View of the News

Initial Jobless Claims fell to 233k from 250k; 240k expected. Continuing Claims rose to 1.875m from 1.869m; 1.875m expected. Dopes in the financial media and on The Street claimed this mundane economic stat generated rabid buying of equities.

As noted in Thursday’s missive, NQUs plunged 225.75; ESUs tumbled 45.50 (from NYSE close) at 19:39 ET. NQUs are +6.25 and ESUs are -5.00 at 21:16 ET. Who is manipulating NQUs?

ESUs did surge 2 minutes before the release of the Jobless Claims data, but the most meaningful action, and reversal, occurred near 19:39 ET on Wednesday night. Someone on Wednesday night and again just before the release of the Jobless Claims data manipulated ESUs and NQUs higher. There is NO reason for anyone to buy stuff like this! There was no news; and Jobless Claims are a marginal economic stat.

You know there are entities that are ‘in trouble’ after the action on Thursday through Monday morning!

ESUs hit a high of 5332.50 at 12:05 ET. On the journey to this high, there were only two retreats: a 26-handle drop from 9:17 ET to 9:48 ET; and a 16-handle decline from 11:30 ET until 11:49 ET. ESUs then traded sideways until they broke higher at 13:19 ET. ESUs eventually hit a peak of 5355.50 at the 14:15 ET VIX Fix. ESUs then rolled over but hit a bottom of 5324.00 at 15:36 ET.

The late manipulation appeared. ESUs hit a daily high of 5360.25 at 16:00 ET. Someone has been determined to drive ESUs and NQUs (+586.50 at NYSE close) higher.

In a press conference from Mar-a-Lago that lasted over an hour, Trump blamed Harris and Biden for the stock market plunge and warned that Harris and Walz would put the US into a depression.   In case you’re wondering who might want to manipulate US stocks higher on NO impact news.

The US Treasury $25B auction of 30-year bonds went poorly. 4.415% vs. 2.83% (worst tail since 11/23); Primary Dealers 19.2% (2nd highest since 12/21), Direct Bidders 15.5%, Indirect Bidders 65.3%, Bid-to-Cover 2.31, lowest since 11/23

The Institutional Risk Analyst: The delinquency rate on JPM’s HELOCs is 6x the delinquency rate on JPM’s 1-4s, but the bank does not mention this fact in JPM’s earnings release. The bank’s form 10-Q was not released until August 4th… https://www.theinstitutionalriskanalyst.com/post/market-crashes-start-with-the-fed

Positive aspects of previous session
Stocks rallied sharply on NO impact news; S&P 500 +2.3%, biggest gain since 11/22; Fangs soared.

Negative aspects of previous session
Bonds declined moderately; the US 30-year auction was horrible.
Gasoline and oil rallied sharply, again.
Gold, silver, and Bitcoin soared.

Ambiguous aspects of previous session
Who is manipulating ESUs and NQUs? Who needs to protect the stock market?

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

Pivot Point for S&P 500 Index [above/below indicates daily trend to traders]: 5293.73
Previous session S&P 500 Index High/Low: 5328.03; 5233.85

@TomBevanRCP: Biden’s schedule this week is truly absurd. 1 phone call on Monday. Nothing Tuesday or Wednesday. 1 phone call and a ceremony on Thursday & then off to the beach house. Any employee or CEO who did would be fired. Biden is the leader of the free world working 10 hours a week.
https://x.com/TomBevanRCP/status/1821524107747319957

WSJ: Videos Show Police at Trump Rally Airing Frustration with Secret Service
Police body-cam footage obtained by the Journal reveals moments after the former president was shot
    “I f—ing told them that they needed to post guys f—ing over here…I told them that f—ing Tuesday,” said a Butler Township officer in audio captured by his body-worn camera… “I talked to the Secret Service guys. They’re like, ‘Yeah, no problem. We’re going to post guys over here,'” the officer continues… Around 10 minutes after the shooting, another officer says to a fellow officer “I thought you guys were on the roof. I thought it was you. I thought it was you. “To which “No” can be heard in response. “What the f***! Why were we not on the roof? Why weren’t we?” the officer replies…
https://www.zerohedge.com/political/i-fking-told-them-enraged-butler-cop-bodycam-says-he-told-secret-service-cover-warehouse

This might be important: Frictions in Repo Market May Wind Up Being Temporary: NY Fed – BBG

NY Fed: Monetary Policy Implementation in Practice Today
We do see some signs of upward pressure on secured money market rates. Higher repo rates appear to be related to distributional frictions and other idiosyncratic factors rather than overall reserve supply and could prove temporary. But they are, as always, important to monitor and assess. Recent developments also highlight the underlying logic of the FOMC’s recently announced reduction in the pace of runoff. The FOMC recognizes that forecasting reserve demand is highly uncertain…
https://tellerwindow.newyorkfed.org/2024/08/08/monetary-policy-implementation-in-practice-today/

Fed Balance Sheet: -$3.135B; Reserves at Fed: +58.143B https://www.federalreserve.gov/releases/h41/20240808/

Today – With the 2.5-day global equity plunge forgotten, traders will eagerly play for the expected Summer Friday Rally. Someone rescued NQUs and to a lesser degree ESUs on Wednesday night. There was no impact news; so, there are suspicions about the who and why about the manipulation.

Today could depend on one thing: Is the big manipulator(s) finished?

NQUs are -4.25 and ESUs are +6.50; and USUs are +8/32 at 20:32 ET.

Expected economic data: Initial Jobless Claims 240k, Continuing Claims 1.871m; June Wholesale Inventories 0.2% m/m, Sales 0.3% m/m; Richmond Fed Pres Barkin 15:00 ET

S&P Index 50-day MA: 5445; 100-day MA: 5311; 150-day MA: 5195; 200-day MA: 5026
DJIA 50-day MA: 39,446; 100-day MA: 39,1676; 150-day MA: 38,914; 200-day MA: 38,052
(Green is positive slope; Red is negative slope)

S&P 500 Index (5199.80 close) – BBG trading model Trender and MACD for key time frames
Monthly: Trender and MACD are positive – a close below 5052.31 triggers a sell signal
Weekly: Trender and MACD are negative – a close above 5602.30 triggers a buy signal
Daily: Trender and MACD are negative – a close above 5486.65 triggers a buy signal
Hourly: Trender and MACD are positive – a close below 5218.81 triggers a sell signal

The NYT reports that Kamala Harris, in response to a request to institute an arms embargo on Israel, said she “was open to it.” “The leaders asked to meet with her about the embargo request, and she indicated she was open to it, and introduced the two leaders to her staff.”
https://x.com/EYakoby/status/1821376562677051558/photo/1

When asked why she hasn’t done a press conference since becoming Dem Prez candidate, Kamala said she and her staff are looking into having a joint presser with Walz later this month.

Trump wants three debates with Harris: ‘We have to set the record straight’ – “She hasn’t done an interview, she can’t do an interview, she’s barely competent, and she can’t do an interview. But I look forward to the debates, because I think we have to set the record straight,” Trump insisted.
    “I think it’s very important to have debates, and we’ve agreed with Fox on a date of September 4,” Trump said. “We’ve agreed with NBC, fairly full agreement, subject to them on September 10, and we’ve agreed with ABC on September 25. So, we have those three dates and those networks.”
    The campaign clarified while Trump was still speaking that ABC would host the Sept. 10 debate and that NBC would hold the Sept. 25 event… “She hasn’t done an interview, she can’t do an interview, she’s barely competent, and she can’t do an interview. But I look forward to the debates, because I think we have to set the record straight,” Trump insisted…
https://justthenews.com/politics-policy/trump-wants-three-debates-harris-we-have-set-record-straight

@TrumpWarRoom: Kamala REFUSES to commit to the three debates President Trump has publicly agreed to (“I’m happy to have that conversation…”) https://x.com/TrumpWarRoom/status/1821667042597994669

@maximlott: CNN’s lead story … the Trump campaign has a devious new plan … trying to goad Harris into a trap known as a “major media interview.” https://t.co/zlb0kAVGp8

@TheBabylonBee: ‘They Got You in Here Too, Huh?’ Says Biden as Dems Lock Kamala in Basement https://t.co/B6QnoMVazy

@TheCalvinCooli1: Just in: A Video from 2009 shows a veteran confronting Tim Walz’s staff over claims that he served in Afghanistan. The veteran said Walz could go to jail for violating the Stolen Valor Act of 2006 for claiming to have served in Afghanistan when he didn’t.
https://x.com/TheCalvinCooli1/status/1821350635716927856

@CryptidPolitics: DeSantis absolutely NUKES Kamala Harris VP pick Tim Walz: “He says, “Oh, leave your neighbors alone, it’s none of your business.” This is the guy who set up a snitch line during COVID for neighbors to inform if somebody was violating his draconian COVID restrictions!”
https://x.com/CryptidPolitics/status/1821166317694542256

@nathanmhansen: Tim Walz used a fake email address to avoid open records requests. He denied this despite direct evidence he did so and Minnesota Media backed him up 100%. This is what we have been living with in Minnesota for almost 5 years. https://twitter.com/nathanmhansen/status/1821157624072503466?s=02

Walz slammed for ‘hesitating’ to send in Guard as his daughter tipped off rioters via social media
Walz eventually activated the National Guard at 2:30 p.m. on Thursday, May 28, roughly 18 hours after Frey’s (Minneapolis Mayor) first request over the phone… about 90 soldiers were on the ground in the city by 10:30 that evening, though police officers had already evacuated the Third Precinct… the governor’s daughter, Hope Walz, was given “access” to “confidential information that she then disseminated to the general public and rioters.”… https://t.co/fcy4qA5xLW

@realDailyWire: Democrat VP candidate Tim Walz explains during a 2017 townhall why he thinks 10-year-olds should be able to choose their own gender.

Big dad energy: How Harris got to Walz – Kamala Harris had two weeks to make one of the most important decisions of her life. Here’s why she picked Tim Walz — and not Josh Shapiro or Mark Kelly.
    Almost immediately after Biden dropped out, her team concluded that it most likely had to be a middle-aged white man, for many of the reasons Barack Obama chose Biden as his running mate.
    It’s not “rocket science,” said a person familiar with the Harris campaign’s thinking. “Let’s just face it. There’s a lot of sexist, racist white dudes out there in America who don’t like Trump but just need a little extra validation.”… (This what Team Harris thinks about “white dudes in America?”)
https://www.nbcnews.com/politics/2024-election/story-kamala-harris-chose-tim-walz-rcna163290

Ousted ‘Squad’ Rep. Cori Bush vows revenge against pro-Israel group (AIPAC) after primary loss: ‘All they did was radicalize me’ https://trib.al/uVja5eo

DOJ contends Hunter Biden was hired by Romanian oligarch to ‘influence US policy:’ docs
Romanian businessman Gabriel Popoviciu expected to testify against Hunter Biden
    The documents were filed by Special Counsel David Weiss in the Central District of California on Wednesday. The filings pertain to Hunter Biden’s tax trial in California. The allegations are the closest prosecutors have come to tying President Biden to his son’s overseas business dealings…
https://www.foxnews.com/politics/doj-contends-hunter-biden-hired-romanian-oligarch-influence-us-policy-docs

@JDunlap1974: FIRED Wisconsin Election Commission Executive Director Claire Woodall-Vogg xeroxed 64,000 ballots at Milwaukee City Hall, room 501 all in favor of JOE BIDEN.  Wisconsin Election Commission Executive Director “delivering just the margin needed” on CONSPIRACY DAY November 3, 2020,  (Email reads, “Claire, you have a flair for drama, delivering just the margin needed at 3:00 AM…”)  https://x.com/JDunlap1974/status/1821367713010233509

PS – Trump gave the best press conference of his political career at Mar-a-Lago. He stayed on point; said ‘this is about Kamala the person, it’s about her policies; he made a peace offering to GA Gov. Kemp; deftly handled a ‘gotcha question’ on abortion and did NOT do anything juvenile or petty. You know how it was good? There were little to no mentions about the presser in the regime media.

GREG HUNTER

SEE YOU ON FRIDAY

SHANGHAI GOLD (USD) FUTURES – QUOTES

GOLD: NUMBER OF NOTICES FILED FOR AUGUST/2024. CONTRACT: 57 NOTICES FOR 5700 OZ or 0.1621 TONNES

total notices so far: 17,176 contracts for 1,717,600 Oz (53.426 tonnes)

FOR AUGUST:

SILVER NOTICES: 18 NOTICE(S) FILED FOR 90,000

OZ/

total number of notices filed so far this month : 700 for 3.50000 million oz

Brian Maher: The high cost of cheap money

United Arab Emirates suspends 32 gold refineries

Beijing hides gold buying in plain sight – LFTV Ep 185

Futures Flat In Muted Trading As Sentiment Remains Extremely Fragile

Generally contained trade with macro drivers light, CAD jobs ahead – Newsquawk US Market Open

EUROPEAN TRADE

EQUITIES

FX

FIXED INCOME

COMMODITIES

GEOPOLITICS

CRYPTO

APAC TRADE

Wall St. strength continued into APAC trade, crude firmer, DXY softer – Newsquawk Europe Market Open

US TRADE

EQUITIES

APAC TRADE

EQUITIES

FX

FIXED INCOME

COMMODITIES

CRYPTO

GEOPOLITICAL

Japan On High Alert For Possible Catastrophic Magnitude 9 Megaquake

China Inflation Unexpectedly Hits Five Month High Driven By Soaring Pork Prices

The 1948 Irgun Re-Born?

US Hints At Regime Change In Tehran If Israel Is Attacked

Israel Attacks Airbase In Central Syria Known To House Russian Troops

Pakistan denies the ‘Post’s’ report that it will provide ballistic missiles to Iran

Iran and Pakistan have previously had a tense relationship, although reports have shown improvements since Iran’s president visited Pakistan in April.

Calls for de-escalation

Iranian Guards navy has new highly explosive missiles, state media say

According to the US Office of the Director of National Intelligence, Iran is armed with the largest number of ballistic missiles in the region.

Missile capability

Iran Guards readying to avenge Hamas leader’s death, Quds Force head tells Sinwar

Pezeshkian suggests striking Israel’s ‘secret bases’ in neighboring countries – Telegraph

Sources in Iran are speculating about possible internal power struggles between Pezeshkian’s newly ascendant faction and the IRGC, with both trying to set the tone for the new regime.

A power struggle in Tehran

Josh Shapiro quotes ancient rabbi in statement about not being Kamala Harris’ VP pick

Josh Shapiro, after losing the VP race, quoted Rabbi Tarfon’s adage on duty and perseverance, reaffirming his commitment to Pennsylvania.

Shapiro congratulates Walz

COVID Feb 2020 onwards was a 100% fraud lie all MADE-UP, an over-cycled 95% false-positive PCR-manufactured fraud non-pandemic (we had NO pandemic) with the lie of ASYMPTOMATIC spread & equal risk of

severe outcomes despite differentials in baseline risk & age, was all a FRAUD to damage Trump’s re-election & it worked! He was not re-elected; RNC was 100% WRONG to whitewash COVID out of convention

Trump lost in 2020 because of vote mischief & failed response & OWS.

It is a fact. You may not want to know it, but it is a fact. The fake pandemic response hurt Trump at the polls in 2020. People were hurt.

Denying it will not make it go away.

One side brought it, and one side rolled it out and mandated it…both sides are to blame for the harms we have endured and standing up and admitting it, and facing it, and telling people how you will make them WHOLE, is what is needed, NOT denial and a game.

I think Trump remains the best option for USA (and world) and ONLY option and I stand behind him fully. 100% and will work day and night to help re-elect him but he

i)must re-visit LIABILITY PROTECTION under PREP ACT and

ii)he must consider some form of victim compensation fund for those hurt by the lockdowns and vaccine and

iii)he must give whistle blower protection to doctors and scientists to come forward and tell us of the wrongs they did and

iv)he must disband the VAERS (CDC’s corrupted surveillance system) for a proper acute surveillance system for mRNA (and DNA viral vector) vaccine injures for decades to come (to best tailor and target care and support) and

v)he must implement the proper judicial legal tribunals to hold all involved in the COVID and mRNA fraud accountable.

Gazprom Exports To Europe Via Ukraine Continue Despite Fighting

Stocks Erase ‘Black Monday’ Losses As Vol Tumbles; Bond Yields & Black Gold Surge

Yet Another Cargo Theft From A Refrigerated 18 Wheeler In Philadelphia

Cisco Prepares Second Round Of Layoffs Amid Increasing AI Skepticism; Report

Nevada Agrees To Purge 90K Ineligible Voters From Election Rolls

Chicago Fed Head Says The Quiet Part Out Loud In Fox News Interview

California Power Bills Are Soaring

“Untenable” Surge

Changes in Charging for Electricity

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