GOLD PRICE CLOSED UP $13.70 TO $2455.10

SILVER PRICE UP $1.14 TO $28,34

Gold ACCESS CLOSED $2455.80

Silver ACCESS CLOSED: $28.33

Bitcoin morning price:$58,515 DOWN 374 DOLLARS.

Bitcoin: afternoon price: $57,364 DOWN 1625 DOLLARS

Platinum price closing UP $35,60 TO $960,75

Palladium price; UP $7,50TO $941.60

END

*CANADIAN GOLD: $3372.76 UP 13.10 CDN dollars per oz( * NEW ALL TIME HIGH 3,397.10 CDN DOLLARS PER OZ//AUG 12 2024)

*BRITISH GOLD: 1,910.11 UP 1.00 Pounds per oz// *(NEW ALL TIME HIGH//CLOSING///1935.68 BRITISH POUNDS/OZ) AUGUST 12/2024

*EURO GOLD: 2,233.48 UP 14.17 Euros per oz //* (ALL TIME CLOSING HIGH: 2.264.61 EUROS PER OZ//AUGUST 1 //.2024)

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EXCHANGE: COMEX

EXCHANGE: COMEX
CONTRACT: AUGUST 2024 COMEX 100 GOLD FUTURES
SETTLEMENT: 2,439.400000000 USD
INTENT DATE: 08/14/2024 DELIVERY DATE: 08/16/2024
FIRM ORG FIRM NAME ISSUED STOPPED

118 H MACQUARIE FUT 2
190 H BMO CAPITAL 12
323 C HSBC 8
363 H WELLS FARGO SEC 16
435 H SCOTIA CAPITAL 19
555 H BNP PARIBAS SEC 4
624 H BOFA SECURITIES 6
657 C MORGAN STANLEY 1
661 C JP MORGAN 20
661 H JP MORGAN 11
709 C BARCLAYS 2
732 C RBC CAP MARKETS 24
737 C ADVANTAGE 2
905 C ADM 5

TOTAL: 66 66
MONTH TO DATE: 18,131

JPMorgan stopped 31/66

GOLD: NUMBER OF NOTICES FILED FOR AUGUST/2024. CONTRACT: 66 NOTICES FOR 6600 OZ or 0.2053 TONNES

total notices so far: 18,131 contracts for 1,813,100 Oz (56.395 tonnes)

FOR AUGUST:

SILVER NOTICES: 30 NOTICE(S) FILED FOR 150,000

OZ/

total number of notices filed so far this month : 798 for 3,990,000 oz

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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 $13,70 INVESTORS SWITCHING TO SPROTT PHYSICAL (PHYS) INSTEAD OF THE FRAUDULENT GLD/ HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 2.02 TONNES OF GOLD OUT OF THE GLD//

/ /INVENTORY RESTS AT 847.78 TONNES

INVENTORY RESTS AT 847.78 TONNES

SLV/

WITH NO SILVER AROUND AND SILVER UP $1.14 AT THE SLV

HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A DEPOSIT OF 1.186 MILLION OZ INTO THE SLV/

// INVENTORY AT 466.929 MILLION OZ/

INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV.

CLOSING INVENTORY: 466.929 MILLION OZ

Let us have a look at the data for today

SILVER//OUTLINE

SILVER COMEX OI FELL BY A STRONG SIZED 675 CONTRACTS TO 147,184 AND STALLING ON ITS MARCH TO THE RECORD HIGH OI OF 244,710, SET FEB 25/2020, AND THIS STRONG SIZED LOSS IN COMEX OI WAS ACCOMPLISHED WITH MAJOR LIQUIDATION OF OI FROM OUR SPREADERS/TAS WITH OUR LOSS OF $0.40 IN SILVER PRICING AT THE COMEX ON WEDNESDAY’S TRADING. LOTS OF OUR OI LIQUIDATION ACCOMPANIED OUR STRONG LOSS OF 515 CONTRACTS ON OUR TWO EXCHANGES AS WE HAD CONSIDERABLE LIQUIDATION OF T.A.S. CONTRACTS DURING WEDNESDAY’S TRADING//. WE HAD SOME COVERING BY OUR SPECS WITH THE HUGE LOSD IN PRICE AS WE HAD A SMALL 160 CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE ACCOMPANIED BY ANOTHER HUGE 1039 CONTRACT T.A.S ISSUANCE. IN ESSENCE WE LOST 515 CONTRACTS ON OUR TWO EXCHANGES WITH THE LOSS 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. THE ACCUMULATED T.A.S. IS BEING USED TO MANIPULATE PRICES AT THE COMEX NOW EVERY DAY..

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 WEDNESDAY NIGHT: 1059 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 SUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT FELL BY $0.40) AND WERE SOMEWHAT SUCCESSFUL IN KNOCKING SOME SILVER LONGS FROM THEIR PERCH AS WE HAD A STRONG SIZED LOSS OF 515 CONTRACTS ON OUR TWO EXCHANGES.

WE HAD A SMALL 160 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 150,000 OZ QUEUE JUMP //NEW STANDING RISES TO 4.220 MILLION OZ

//NEW STANDING FOR SILVER//AUGUST IS THUS 4.220 MILLION OZ

WE HAD:

/ STRONG SIZED COMEX OI LOSS //SMALL SIZED EFP ISSUANCE/ VI) HUGE SIZED NUMBER OF T.A.S. CONTRACT ISSUANCE 1059 CONTRACTS)/

I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL REMOVED 139 CONTRACTS//

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

TOTAL CONTRACTS for 11 DAYS, total 10,880 contracts: OR 54.400 MILLION OZ (989 CONTRACTS PER DAY)

TOTAL EFP’S FOR THE MONTH SO FAR: 54.400 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; 54.400 MILLION OZ//THIS MONTH WILL PROBABLY BE STRONG FOR ISSUANCE.

RESULT: WE HAD A STRONG SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 675 CONTRACTS WITH OUR LOSS IN PRICE OF SILVER PRICING AT THE COMEX//WEDNESDAY.,. THE CME NOTIFIED US THAT WE HAD A SMALL EFP ISSUANCE CONTRACTS: 160 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 150,000 OZ QUEUE JUMP

//NEW TOTAL STANDING FOR JULY 4.220 MILLION OZ

WE HAVE A STRONG SIZED LOSS OF 515 OI CONTRACTS ON THE TWO EXCHANGES WITH THE LOSS IN PRICE…..THE TOTAL OF TAS INITIATED CONTRACTS TODAY: A GIGANTIC SIZED 1059 CONTRACTS,//SOME FRONT END OF THE TAS CONTRACTS WERE LIQUIDATED DURING THE WEDNESDAY COMEX TRADING WHICH ACCOUNTS FOR A PORTION OF THE COMEX OI LOSS//// SOME SHORT COVERING FROM OUR SPEC SHORTS AND SOME LIQUIDATION OF LONGS. ALSO SOME OF OUR LONGS EXERCISED THEIR RIGHT AND TENDERED FOR PHYSICAL SILVER.

THE NEW TAS ISSUANCE WEDNESDAY NIGHT (1059) WILL BE PUT INTO “THE BANK” TO BE COLLUSIVELY USED AT A LATER DATE//AND MOST LIKELY TODAY., .

WE HAD 30 NOTICE(S) FILED TODAY FOR 150,000 OZ

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

GOLD//OUTLINE

IN GOLD, THE COMEX OPEN INTEREST FELL BY A GOOD SIZED 4,205 OI CONTRACTS TO 501,647 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 812 CONTRACTS

WE HAD A GOOD SIZED DECREASE IN COMEX OI (4,205 CONTRACTS) OCCURRED WITH OUR STRONG LOSS OF $26.20 IN PRICE/WEDNESDAY. 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 4200 OZ QUEUE JUMP AS FINALLY GUYS ARE STANDING FOR GOLD AT THE COMEX

NEW STANDING ADVANCES TO 67.508 TONNES

/ ALL OF THIS HAPPENED WITH OUR STRONG $26.20 LOSS IN PRICE WITH RESPECT TO WEDNESDAY’S TRADING. WE HAD A TINY SIZED LOSS OF 614 OI CONTRACTS (1.909 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 STRONG SIZED 3591 CONTRACTS:

The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 501,647

IN ESSENCE WE HAVE A TINY SIZED DECREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 614 CONTRACTS WITH 4205 CONTRACTS DECREASED AT THE COMEX// AND A STRONG SIZED 3591 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI LOSS ON THE TWO EXCHANGES OF 614 CONTRACTS.. WE HAD THE FOLLOWING TAS CONTRACTS INITIATED (ISSUED): A FAIR 1776 CONTRACTS,

CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES

WE HAD A STRONG SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (3591 CONTRACTS) ACCOMPANYING THE GOOD SIZED LOSS IN COMEX OI OF 4205 CONTRACTS/TOTAL LOSS FOR OUR THE TWO EXCHANGES: 614 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 4200 OZ QUEUE JUMP AS THESE BOYS JUMP THE QUEUE TO STAND AT THE COMEX./

//NEW STANDING ADVANCES TO: /AUGUST 67.508 TONNES.

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

4) GOOD SIZED COMEX OPEN INTEREST LOSS 5) STRONG ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER///FAIR T.A.S. ISSUANCE: 1766 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: 55,853 CONTRACTS OF 5,585,300 OZ OR 173.726 TONNES IN 11 TRADING DAY(S) AND THUS AVERAGING: 5077 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 11 TRADING DAY(S) IN TONNES 173.726 TONNES

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

THUS EFP TRANSFERS REPRESENTS 173.726 DIVIDED BY 3550 x 100% TONNES = 4.87% 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: 173.726 TONNES//THIS MONTH WILL NO DOUBT BE A HUGE ISSUANCE OF EFP’S SIMILAR TO LAST MONTH.

SPREADING OPERATIONS

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

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

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

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

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

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

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

1.TODAY WE HAD THE OPEN INTEREST AT THE COMEX IN SILVER FELL BY A STRONG SIZED 675 CONTRACTS OI TO 147,184 AND FURTHER FROM THE COMEX HIGH RECORD //244,710( SET FEB 25/2020). THE LAST RECORDS WERE SET IN AUG.2018 AT 244,196 WITH A SILVER PRICE OF $14.78/(AUGUST 22/2018)..THE PREVIOUS RECORD TO THAT WAS SET ON APRIL 9/2018 AT 243,411 OPEN INTEREST CONTRACTS WITH THE SILVER PRICE AT THAT DAY: $16.53). AND PREVIOUS TO THAT, THE RECORD WAS ESTABLISHED AT: 234,787 CONTRACTS, SET ON APRIL 21.2017 OVER 6 YEARS AGO. HOWEVER WE HAVE NOW SET A NEW RECORD LOW OF 114,102 CONTRACTS JULY 3.2023

EFP ISSUANCE 160 CONTRACTS

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

SEPT 160 and ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 160 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 675 CONTRACTS AND ADD TO THE 160 E.FP. ISSUED

WE OBTAIN A STRONG SIZED LOSS OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES OF 376 CONTRACTS

THUS IN OUNCES, THE LOSS ON THE TWO EXCHANGES TOTALS 1.880 MILLION OZ OCCURRED WITH OUR $0.40 LOSS IN PRICE

END

OUTLINE FOR TODAY’S COMMENTARY

1a/COMEX GOLD AND SILVER REPORT

(report Harvey)

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

(Peter Schiff)

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

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

b. Other gold/silver commentaries

c. Commodity commentaries//

d)/CRYPTOCURRENCIES/BITCOIN ETC

2.ASIAN AFFAIRS//

THURSDAY MORNING/WEDNESDAY NIGHT

SHANGHAI CLOSED UP 26.70 PTS OR 0.94% //Hang Seng CLOSED DOWN 4.22 PTS OR 0.02% // Nikkei CLOSED UP 284.21 OR 0.78%//Australia’s all ordinaries CLOSED UP 0.17%///Chinese yuan (ONSHORE) CLOSED DOWN TO 7,1583 CHINESE YUAN OFFSHORE CLOSED DOWN TO 7.1613/ Oil DOWN TO 77.49 dollars per barrel for WTI and BRENT UP AT 80.40 Stocks in Europe OPENED ALL GREEN

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

A)NORTH KOREA/SOUTH KOREA

outline

b) REPORT ON JAPAN/
OUTLINE

3 CHINA
OUTLINE

4/EUROPEAN AFFAIRS
OUTLINE

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
OUTLINE

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

7. OIL ISSUES
OUTLINE

8 EMERGING MARKET ISSUES
9. USA

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

GOLD

LET US BEGIN:

THE TOTAL COMEX GOLD OPEN INTEREST FELL BY A GOOD SIZED 4205 CONTRACTS TO 501,667 WITH OUR HUGE LOSS IN PRICE OF $26.20 WITH RESPECT TO WEDNESDAY’S TRADING. WE LOST A HUGE NUMBER OF SPREADER/T.A.S. CONTRACTS AS SHORTS CONTINUED TO PANIC THROUGHOUT THE SESSION AND COVERED AT MUCH LOWER 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 US DOLLAR. THIS IS SCHEDULED TO HAPPEN LATE SEPT 2024.

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 WEDNESDAY’S LOSS IN PRICE WITH SOME 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 STRONG SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS.,

THAT IS A STRONG SIZED 3591 EFP CONTRACTS WERE ISSUED: : OCT/DEC 3591 & ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE: 3591 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 LOST THE FOLLOWING TODAY ON OUR TWO EXCHANGES: A TINY SIZED TOTAL OF 614 CONTRACTS IN THAT 3591 LONGS WERE TRANSFERRED AS EXCHANGE FOR PHYSICALS TO LONDON AND WE HAD A GOOD SIZED LOSS OF 4205 COMEX CONTRACTS..AND THIS TINY GAIN ON OUR TWO EXCHANGES HAPPENED DESPITE OUR STRONG LOSS IN PRICE OF $26.20/WEDNESDAY COMEX. 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 WEDNESDAY NIGHT A FAIR SIZED 1766 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 WEDNESDAY’S RAID.

// WE HAVE A STRONG AMOUNT OF GOLD TONNAGE STANDING: AUGUST (67.508 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 67. TONNES

THE SPECS/HFT WERE SUCCESSFUL IN LOWERING GOLD’S PRICE( IT FELL BY $26.20 //// BUT WERE UNSUCCESSFUL IN KNOCKING OFF ANY SPECULATOR LONGS AS WE DID HAVE A TINY LOSS IN OUR TWO EXCHANGES. CENTRAL BANK LONGS , EXERCISED FOR PHYSICAL. WE HAD A CONSIDERABLE T.A.S. LIQUIDATION WEDNESDAY/COMEX.

WE HAVE LOST A TOTAL OI OF 1.909 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 4200 OZ QUEUE JUMP //NEW STANDING: 67.508 TONNES.

NEW STANDING FOR AUGUST: 67.508 TONNES

ALL OF THIS WAS ACCOMPLISHED WITH OUR HUGE LOSS IN PRICE TO THE TUNE OF $26.20

WE HAVE REMOVED 812 CONTRACTS FROM THE COMEX TRADES TO OPEN INTEREST (CROOKS)//PRELIMINARY TO FINAL

NET LOSS ON THE TWO EXCHANGES 674 CONTRACTS OR 67400 OZ (1.909

TONNES)

confirmed volume WEDNESDAY 198,936 contracts//poor

//speculators have left the gold arena

END

AUGUST 15 AUGUST GOLD CONTRACT

/ /// THE AUG 2024 GOLD CONTRACT

Gold	Ounces
Withdrawals from Dealers* Inventory in oz*	nil
Withdrawals from Customer* Inventory in oz*	77,323.135OZ Brinks Delaware brinks 2250 kilobars Delaware 155 kilobars .
Deposit to the Dealer* Inventory in oz*	nil
Deposits to the Customer* Inventory, in oz*	NIL oz
No of oz served (contracts) today	66 notice(s) 6600 OZ 0.2053 TONNES
No of oz to be served (notices)	3573 contracts 357,300 OZ 11.11 TONNES
Total monthly oz gold served (contracts) so far this month	18,131 notices 1,813,100 oz 56.395 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: 2

i) Out of Brinks 72,339.750 oz (2250 kilobars)

ii) Out of Delaware: 4983,385 oz (155 kilobars)

TOTAL WITHDRAWALS 77,323,135 oz this obligation transferred to London

adjustments: 0

CALCULATIONS FOR THE AMOUNT OF GOLD STANDING FOR AUGUST

For the front month of AUGUST we have an oi of 3639 contracts having LOST 207 contracts.

We had 249 contracts served on WEDNESDAY so we gained an additional 42 contracts or 4200 oz will stand for gold at the comex

SEPT. LOST 93 CONTRACTS TO STAND AT 5499 CONTRACTS.

OCTOBER LOST 682 CONTRACTS UP TO 51,818 CONTRACTS

We had 66 contracts filed for today representing 6600 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 66 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 31 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 (18,131) x 100 oz ) to which we add the difference between the open interest for the front month of August 3639( CONTRACTS) minus the number of notices served upon today (66 x 100 oz per contract( equals 2,170,400 OZ OR 67.508 TONNES. Somebody was in great need of physical gold on this side of the pond today

thus the INITIAL standings for gold for the AUGUST contract month: No of notices filed so far (18,131 x 100 oz +we add the difference for front month of AUGUST (3639 X// , OI} minus the number of notices served upon today (66) x 100 oz which equals 2,170.400 oz (67.508 TONNES)

TOTAL COMEX GOLD STANDING FOR AUGUST: 67.508 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: 1,742,209.881 oz 54.19tonnes

TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD: 17,525,546.254OZ

TOTAL REGISTERED GOLD 7,877,094.495( 245.01 tonnes).

TOTAL OF ALL ELIGIBLE GOLD: 9,648,451.759 OZ

REGISTERED GOLD THAT CAN BE SERVED UPON: 6,134,885 oz (REG GOLD- PLEDGED GOLD)= 190,80tonnes //

END

SILVER/COMEX

AUGUST 15/2024

INITIAL

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

Silver	Ounces
Withdrawals from Dealers* Inventory*	NIL oz
Withdrawals from Customer Inventory	1066,946.820 OZ CNT Brinks Delaware .
Deposits to the Dealer* Inventory*
Deposits to the Customer Inventory	1,907,293.908oz i) Brinks ii)Delaware iii) Manfra
No of oz served today (contracts)	30 CONTRACT(S) (150,000 OZ)
No of oz to be served (notices)	46 contracts (0.230 million oz)
Total monthly oz silver served (contracts)	798 Contracts (3.990 MILLION oz)
Total accumulative withdrawal of silver from the Dealers* inventory this month*	NIL oz
Total accumulative withdrawal of silver from the Customer* inventory this month*

i) 0 dealer deposit/

total dealer deposit : nil oz

i) We had 0 dealer withdrawal

total dealer withdrawals: 0 oz

We had 3 customer deposits:

i)Into Brinks 1,327,312.335 oz

ii) Into Delaware: 1038.630 oz

iii) Into Manfra: 578,942.943 oz

total customer deposit 1,907,293.908 oz

JPMorgan has a total silver weight: 134.771million oz/305,147 million or 44.36%

adjustment:

withdrawals: 3

i) Out of CNT 6993,14oz

ii) Out of Delaware: 599,085.860oz

iii) Out of Brinks 460,867,820 oz

total customer withdrawals: 1066,946.820 oz

TOTAL REGISTERED SILVER: 69.904 MILLION OZ//.TOTAL REG + ELIGIBLE. 305.147 million oz

CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR AUGUST:

silver open interest data:

FRONT MONTH OF AUGUST/2024 OI: 76 CONTRACTS HAVING GAINED 30 CONTRACT(S).

WE HAD 0 NOTICES SERVED ON WEDNESDAY, SO WE GAINED 30 CONTRACTs OR AN ADDITIONAL 150,000 OZ WILL STAND FOR SILVER AT THE COMEX.

SEPT SAW A LOSS OF 2289 CONTRACTS TO 64,211. SEPT NOW BECOMES THE NEW FRONT MONTH

OCTOBER SAW ANOTHER GAIN OF OPEN INTEREST CONTRACTS OF 11 CONTRACTS AND THUS WE HAVE 319 OPEN INTEREST CONTRACTS FOR OCTOBER.

TOTAL NUMBER OF NOTICES FILED FOR TODAY: 30 for 150,000 oz

CONFIRMED volume; ON WEDNESDAY 75,684

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 798 x 5,000 oz = 3.990 MILLION oz

to which we add the difference between the open interest for the front month of AUGUST( 76) and the number of notices served upon today 30 x (5000 oz) equals the number of ounces standing.

Thus the standings for silver for the AUGUST/2024 contract month: 798 notices served so far) x 5000 oz + OI for the front month of AUGUST (76)x number of notices served upon today minus (30)x 5000 oz of silver standing for the AUGUST contract month equates to 4.220 MILLION OZ.

New total standing: 4.220 million oz.

There are 69.904 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 15 WITH GOLD UP $13,70 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 2.02 TONNES OF GOLD OUT OF THE GLD//////INVENTORY RESTS AT 847.78 TONNES

AUGUST 14 WITH GOLD DOWN $26.20 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD: A WITHDRAWAL OF 4.03 TONNES OF GOLD OUT OF THE GLD//////INVENTORY RESTS AT 845.76 TONNES

AUGUST 13 WITH GOLD UP $3.35 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 2.88 TONNES OF GOLD INTO THE GLD//////INVENTORY RESTS AT 849.79 TONNES

AUGUST 12 WITH GOLD UP $30.00 ON THE DAY; NO CHANGES IN GOLD AT THE GLD: ////INVENTORY RESTS AT 846.91 TONNES

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: 847.78 TONNES, TONIGHTS TOTAL

SILVER

AUGUST 15//WITH SILVER $1.14//HUGE CHANGES IN SILVER INVENTORY: A DEPOSIT OF 1.186 MILLION ON INTO THE SLV.///./// /INVENTORY AT 466.929 MILLION OZ

AUGUST 14//WITH SILVER DOWN $0.40//NO CHANGES IN SILVER INVENTORY:///./// /INVENTORY AT 465.743 MILLION OZ

AUGUST 13//WITH SILVER DOWN $0.19//NO CHANGES IN SILVER INVENTORY:///./// /INVENTORY AT 465.743 MILLION OZ

AUGUST 12//WITH SILVER UP $.37//NO CHANGES IN SILVER INVENTORY:///./// /INVENTORY AT 465.743 MILLION OZ

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 466.929 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//BILL HOLTER:

3.CHRIS POWELL AND DAILY GOLD/SILVER DISPATCHES

Chris Powell: is the uSA ready for a gold revaluation?

The U.S. is ready with a gold revaluation mechanism too

Submitted by admin on Thu, 2024-08-15 01:15 Section: Daily Dispatches

1:36a ET Thursday, August 15, 2024

Dear Friend of GATA and Gold:

In an interview this week with Mark Moss of Market Disruptors that is posted at YouTube —

— Luke Gromen of the Forest for the Trees financial letter notes something about the U.S. Treasury Department and Federal Reserve that gold researcher Jan Nieuwenhuijs of Gainesville Coins long has been noting about other governments and central banks.

It’s that the U.S. Treasury Department, like the governments Nieuwenhuijs has been writing about, maintains what is essentially its own gold revaluation account at the Fed, in which U.S. gold reserves could be revalued to create any amount of U.S. dollars for the Treasury to draw upon.

The U.S. gold revaluation account is called the Gold Certificate Account and is described on Page 12 of the April edition of the Fed’s Financial Accounting Manual for Federal Reserve Banks:

Click to access BSTfinaccountingmanual.pdf

Click to access FederalReserveFinancialAccountingManual-April2024.pdf

The manual says:

“The Secretary of the Treasury is authorized to issue gold certificates to the Reserve Banks to monetize gold held by the U.S. Department of the Treasury. At any time Treasury may reacquire the gold certificates by demonetizing the gold.

“Treasury maintains an account with the [Federal Reserve’s] Board of Governors entitled ‘Gold Certificate Fund / Board of Governors of the FR System.’ When the Treasury monetizes gold, it credits this account in return for deposit credit at the Federal Reserve Bank of New York (FRBNY). When demonetizing gold, Treasury decreases the account and authorizes the FRBNY to charge its deposit account.

“The offsetting entry in each case on FRBNY’s books is made to the Gold Certificate Account and the U.S. Treasury General Account. The FRBNY accounting staff sends an advice of these entries to the [Federal Reserve] Board [of Governors].

“Also, whenever the official price of gold is changed, Treasury adjusts the account and, simultaneously, the deposit account.”

Revaluation of government gold reserves to create money isn’t a new mechanism. It’s a mechanism whose last exercise in the United States is so old that few people are aware of it — President Franklin D. Roosevelt’s revaluation of gold from $20.67 per ounce to $35 per ounce in 1934, an event whose facilitating money creation was well described a few months ago by Money Metals News Service writer Mike Maharrey:

https://www.moneymetals.com/news/2024/05/31/did-fdr-really-confiscate-everybodys-gold-003226

Revaluation of the U.S. gold reserve to facilitate money creation was mentioned, rather remarkably, by a former member of the Fed’s Board of Governors, Lyle Gramley, during an interview with Business News Network in Canada in December 2008:

https://www.gata.org/node/6989

It was also examined at length by the U.S. economists Paul Brodsky and Lee Quaintance in 2012:

https://www.gata.org/node/11373

In his discussion this week with Market Disruptors’ Moss, Gromen remarks that a substantial official U.S. revaluation of gold — say, to $20,000 per ounce or more — might enable the creation of trillions of dollars for the U.S. government to use to repay enough of its debt to make the country’s ratio of debt to gross national product appear more plausible and sustainable.

Moss responds that such a revaluation likely would generate huge inflation, but Gromen says that only huge inflation can diminish the debt problem and that other countries have survived and adjusted to such periods.

Of course in the end gold revaluation, like the recent proposal for the Treasury to mint platinum coins with trillion-dollar denominations and turn them into cash at the Fed, is just legerdemain, accounting trickery to rationalize creation of money far out of proportion to national economic production. But that governments and central banks are so prepared for gold revaluation may be a reminder that the metal remains not just money but also the secret knowledge of the financial universe — and that the nuttiest gold bugs of all are central bankers and the elected officials whose bidding they do, creating a world financial system so crazy that only gold may be able to save it.

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

end

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

5 B GLOBAL COMMODITY ISSUES/FOOD IN GENERAL//FREIGHT/RARE EARTH

6 CRYPTOCURRENCY NEWS

END

ASIA TRADING/THURSDAY MORNING/WEDNESDAY NIGHT

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

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

ONSHORE YUAN: CLOSED DOWN TO 7.1583

OFFSHORE YUAN: DOWN TO 7.1613

SHANGHAI CLOSED UP 26.78 PTS OR 0.94 %

HANG SENG CLOSED DOWN 4.22 PTS OR 0.02%

2. Nikkei closed UP 284.21 PTS OR .78%

3. Europe stocks SO FAR: ALL GREEN

USA dollar INDEX UP TO 102.41 EURO RISES TO 1.1012 UP 1 BASIS PTS

3b Japan 10 YR bond yield: RISES TO. +0.845 Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 147.28…… 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 UP CHINESE ONSHORE YUAN: DOWN OFFSHORE: DOWN

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

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

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

3h European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund YIELD DOWN TO +2.1910/Italian 10 Yr bond yield DOWN to 3.571 SPAIN 10 YR BOND YIELD DOWN TO 3.023%

3i Greek 10 year bond yield DOWN TO 3.256

3j Gold at $2462.25//Silver at: 28.18 1 am est) SILVER NEXT RESISTANCE LEVEL AT $34.40//AFTER 28.40

3k USA vs Russian rouble;// Russian rouble UP 0 AND 68/ 100 roubles/dollar; ROUBLE AT 89.25

3m oil into the 77 dollar handle for WTI and 80 handle for Brent/

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

JAPAN ON JAN 29.2016 CONTINUES NIRP. THIS MORNING RAISES AMOUNT OF BONDS THAT THEY WILL PURCHASE UP TO .5% ON THE 10 YR BOND///YEN TRADES TO 147.28/ 10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 0.845 % 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 0.8663 as the Swiss Franc is still rising against most currencies. Euro vs SF: 0.9539 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: 3.846 UP 2 BASIS PTS…

USA 30 YR BOND YIELD: 4.128 UP 2 BASIS PTS/

USA 2 YR BOND YIELD: 3.951 UP 1 BASIS PTS

USA DOLLAR VS TURKISH LIRA: 33.64…

10 YR UK BOND YIELD: 3.889 UP 2 PTS

10 YR CANADA BOND YIELD: 3.042 UP 2 BASIS PTS

2a New York OPENING REPORT

Futures Rise Ahead Of Data Deluge Including Key Retail Sales Report

by Tyler Durden

Thursday, Aug 15, 2024 – 07:46 AM

US equity futures are following European and most Asian stocks higher, with traders’ attention turning to today’s retail sales report (full preview here) which may support the case for the Federal Reserve to cut rates at its September meeting. As of 7:45am, S&P futures are up 0.2%, higher for the fifth day in a row, as the burst of 13-F releases overnight helps to boost some individual names; Nasdaq futures also gain 0.1% led by tech with Mag7 and Semis leading pre-mkt though NVDA is lower to start the day. Bond yields are flat to up 1bps, and USD is flat. Commodities are bid across all 3 complexes though base metals are lagging and Silver over Gold. PPI/CPI data shaped the inflation story and now Retail Sales/Jobless Claims will do the same for the Growth story, while Walmart boosting its profit outlook will help ease recessionary fears. That said, the Fed may not reveal its hand until the Sep 6 NFP print.

Walmart jumped 7.8% in premarket trading after raising its sales and profit guidance for the full year, as the chain expects to draw shoppers searching for deals. Cisco Systems rose after the networking equipment maker’s results beat expectations. Nike rallied after Pershing Square Capital Management LP disclosed a new stake in the sportswear company. Bavarian Nordic A/S, one of few companies with an approved mpox vaccine, soared 17% in Copenhagen after the World Health Organization declared a fast-spreading outbreak of the disease a global public health emergency. Here are some other notable premarket movers:

Brinker International shares rise 1.0% after KeyBanc Capital Markets upgraded the Chili’s owner to overweight from sector weight, seeing a compelling entry point for the stock following its post-results decline.
Cisco Systems shares rose 6.1% after the maker of computer networking equipment reported fourth-quarter results that beat expectations and gave a positive revenue forecast. It also said it plans to cut more jobs. Analysts note strong results in a tough backdrop.
Dell Technologies rose as much 2.3% as JPMorgan added the computer maker’s stock to its analyst focus list, citing an “attractive entry point.”
Lumentum shares jump 16% after the optical and photonic products maker reported fourth-quarter earnings per share that came ahead of consensus estimates. Morgan Stanley highlighted the announcement of an 800G transceiver customer win as “encouraging.
Nike shares rose 4.2% after Bill Ackman’s Pershing Square Capital Management LP disclosed it had a new position of about 3 million shares worth $229 million at the end of the second-quarter.
Robinhood Markets rises 2.5% after Deutsche Bank upgrades to buy from hold in a mid-third quarter outlook note on North American brokers, asset managers and exchanges.
Spire Global falls 19% after the provider of space-based data analytics notified the SEC that its 10-Q filing for the quarter ended June 30 will be late.
Titan Machinery shares slump 28% after the owner of agricultural equipment stores cut its fiscal 2025 profit guidance, saying retail demand has softened further over the last several months.
Ulta Beauty shares climb 14% after Warren Buffett’s Berkshire Hathaway disclosed that it took a new stake in the cosmetics retailer, according to a 13F filing for the quarter ended June 30. Meanwhile, Sirius XM rose 14% as Buffett showed an increased stake in the company.

S&P 500 contracts were steady after the benchmark extended its winning streak to a fifth day Wednesday, buoyed by a benign consumer price index print. Europe’s Stoxx 600 Index rose 0.2%.

“The latest US inflation data supports our view of a gradual cooling of the US economy,” said Mark Haefele, chief investment officer at UBS Global Wealth Management. “This underlines our view that the Fed will start easing policy at its September meeting. That provides a positive backdrop for risk assets. It would also erode returns on cash, underlining our view that investors should brace for lower rates.”

In the UK, the economy maintained its muted rebound from last year’s recession, with GDP rising 0.6% in the second quarter after an 0.7% gain in the first three months. The figures are unlikely to shift the calculus of policymakers at the Bank of England, which had expected an even stronger expansion.

Norway’s central bank kept rates unchanged (as expected) for an eighth month and shed little light on when easing might begin, given risks to the inflation outlook from a weaker krone. The currency gained after the announcement.

Meanwhile, it will be another busy session for for traders tracking updates on the world’s biggest economy. Thursday brings readings on initial jobless claims and retail sales. Figures out Wednesday showed that US year-on-year core consumer prices in July rose at the slowest pace since 2021. Traders are fully pricing in one 25 basis-point cut by the Fed next month and 100 basis points of reductions through year-end.

European stocks rise for a third day, led by health care, insurance and technology names, while travel and leisure is falling the most. Here are the most notable movers:

Bavarian Nordic shares surge as much as 17% in Copenhagen to the highest since November 2022 after the World Health Organization declared a fast-spreading mpox outbreak in Africa a global health emergency. Bavarian Nordic is one of the few companies with an approved mpox vaccine.
Adyen shares rise as much as 8.5% after the payments firm reported estimate-beating revenue, defying a slowdown in consumer spending. Take rate — a closely watched metric that tracks the proportion Adyen charges merchants for processing each transaction — stabilized after a sharp drop in 1Q.
Admiral shares rise as much as 12% to hit their highest level since February 2022 after the insurer reported pretax profit ahead of expectations in the first half. The company cited strong performance from its UK Motor arm.
Zealand Pharma shares rise as much as 4.5%, best performer in the Stoxx 600 Health Care index on Thursday morning, after the Danish drugmaker released financial results. The increased investment in obesity programs is “welcome,” according to Jefferies analysts.
Holmen shares rise as much as 7.1%, the most since April 2023, after the Swedish paper and forestry group beat estimates in the second quarter and announced buyback plans. Jefferies analysts say the results are positive in the long-term, as the board and paper division offsets weaknesses in renewable energy.
Yubico shares surge as much as 24% to a record high, with DNB Markets describing the Swedish cybersecurity firm’s results as a “mic drop” quarter.
HelloFresh shares rise as much as 8.7% to the highest intraday since April. Bankhaus Metzler analysts upgrade the meal-kit maker to hold from sell, noting that strength in the first half makes the company’s full-year guidance more attainable. The stock is still down 52% YTD.
Orsted shares plunge as much as 9.3% to hit their lowest level since November after the offshore wind farm specialist reported a surprise net loss in the latest quarter, having slipped into the red after booking hefty impairments against multiple projects.
OSB Group shares plummet as much as 20%, the worst performance in the FTSE All-Share today, to hit their lowest level since April after the bank lowered its net interest margin outlook for the year. Analysts flagged the loan book is growing more slowly than hoped amid increased competition in lending.
Autostore slumps as much as 17%, the most on record, after order intake came in significantly below consensus in a second-quarter report which Morgan Stanley describes as “notably weak.” The Norwegian warehouse automation group says customers are acting cautiously due to a challenging economic backdrop and sustained high interest rates.

Earlier, in Asian trading Japan’s Topix index and China’s CSI 300 benchmark rose in a broadly positive reaction to data points in the two countries. Japan’s economy grew faster in the second quarter than analysts forecast. China, meanwhile, saw signs of stabilization that included slowing declines in home prices and better-than-expected retail sales.

In FX, the Bloomberg Dollar Spot Index is unchanged; the pound rises 0.1% against the dollar. The Norwegian krone has risen to the top of the G-10 FX leader board, adding 0.4% after a hawkish hold from the Norges Bank.

In rates, treasuries dip, with US 10-year yields rising 1bps to 3.84% while gilts underperformed after data showed the UK economy grew in line with estimates during the second-quarter and industrial production topped forecasts.

In commodities, oil prices advanced, with WTI rising 0.7% to $77.50 a barrel. Spot gold rises $9 to around $2,457/oz. Iron ore falls 1.4%.

Looking at today’s busy calendar, the US data slate includes August Empire manufacturing, July retail sales, August Philadelphia Fed business outlook, initial jobless claims, July import/export price indexes (8:30am), industrial production (9:15am), June business inventories, August NAHB housing market index (10am) and June TIC flows (4pm). Fed speakers scheduled for the session include Musalem (9:10am) and Harker (1:10pm)

Market Snapshot

S&P 500 futures little changed at 5,478.50
STOXX Europe 600 up 0.2% to 505.04
MXAP little changed at 179.07
MXAPJ down 0.1% to 558.27
Nikkei up 0.8% to 36,726.64
Topix up 0.7% to 2,600.75
Hang Seng Index little changed at 17,109.14
Shanghai Composite up 0.9% to 2,877.36
Sensex up 0.2% to 79,105.88
Australia S&P/ASX 200 up 0.2% to 7,865.52
Kospi up 0.9% to 2,644.50
German 10Y yield little changed at 2.20%
Euro little changed at $1.1007
Brent Futures up 0.3% to $80.00/bbl
Gold spot up 0.3% to $2,456.27
US Dollar Index little changed at 102.63

Top Overnight News

Fed’s Bostic (voter) is open to a September rate cut as inflation cools and said as price pressures ease officials also need to be conscious of their mandate of maintaining full employment, while he added the labour market is weakening but is not weak: FT.
China’s economic malaise extended into the third quarter, drawing renewed attention to the need for more fiscal stimulus as domestic demand falters under a prolonged housing downturn.
Euro-zone productivity barely improved in the second quarter and again missed the European Central Bank’s expectations – a blow for its efforts to bring inflation back to 2%.
Japan’s economy rebounded to growth in the second quarter on the back of an increase in private consumption, in a sign that a virtuous cycle long sought by the central bank linking rising incomes to increased spending may be starting to emerge.

A more detailed look at global markets courtesy of Newsquawk

APAC stocks shrugged off the mixed lead from the US and gained as participants digested a slew of key data. ASX 200 traded higher but with gains capped as participants digested earnings releases and jobs data. Nikkei 225 was among the biggest gainers after GDP data topped forecasts and showed a return to growth. Hang Seng and Shanghai Comp. gradually advanced in the aftermath of mixed Chinese activity data in which industrial production disappointed but retail sales topped forecasts, while Chinese indices were also unfazed by the steeper contraction in home prices. Furthermore, the PBoC delayed its MLF operation to later in the month but announced a firm liquidity injection via 7-day reverse repos which is meant to counteract maturing MLF loans, tax payments and government bond issuance.

Top Asian News

PBoC announced it will conduct its MLF operation on August 26th and injected CNY 577.7bln via 7-day reverse repos, while it added that the reverse repo operation today is meant to counteract maturing MLF loans, tax payments and government bond issuances.
China’s stats bureau said China’s economic operation was generally stable in July but noted a rising negative impact from changes to China’s external environment, while it stated the economic recovery trend needs to be consolidated and expects the recovery in consumption to consolidate as policies gain traction. Furthermore, it said domestic demand is likely to improve due to policy support and Chinese foreign trade remains resilient despite rising protectionism.
RBNZ Governor Orr addressed a parliamentary committee in which he stated that CPI is returning sustainably to the target band of 1%-3% and the current economic environment is weak with the economy weaker than anticipated six months ago. Orr added there is no talk on the committee of raising rates again and policy discussions in the future will focus on whether to maintain or reduce rates, as well as noted that they are to proceed with caution in adjusting interest rates and that removing restraint is appropriate for now.
China’s Commerce Ministry is to impose export controls on antimony (semi-metal) and other metals from 15th September.
Earthquake in Taiwan reported to be magnitude 5.7 (vs prelim 4.7), striking off Taiwan’s North-eastern Coast, according to Central Weather Bureau.

European bourses, Stoxx 600 (+0.2%) are modestly firmer across the board. Price action today has generally been rangebound, but some modest pressure has entered the complex in recent trade. European sectors hold a positive tilt; Healthcare takes the top spot, propped up by AstraZeneca (+0.9%). Insurance is also found near the top after Admiral (+7.3%) reported strong results. Travel & Leisure is at the foot of the pile. US Equity Futures (ES +0.1%, NQ +0.2%, RTY -0.1%) are mixed, with very slight outperformance in the NQ, ahead of a packed schedule including jobless claims, retail sales and Fed speak.

Top European News

Norges Bank maintains its Key Policy Rate at 4.50% as expected, reiterates “policy rate will likely be kept at the current level for some time ahead”. Click for full details
Norges Bank Governor notes of a “very high” threshold for Norges Bank to intervene in FX to support the NOK; adds a floating NOK is an advantage; no new prognosis on when the first rate cut will come. Not targeting a particular NOK level. Norges cares about the NOK due to its effects on inflation. Norges has information since the last rate meeting, but information pulling the bank in different directions. No new prognosis on when the first rate cut will come. Regarding debate on pegging NOK to EUR, says the Bank follows the mandate given.

DXY is steady and holding above 102.50 with the USD seeing a mixed performance vs. peers, ahead of key US data and Fed speak. A dovish batch of metrics could see DXY revisit the August 5th multi-month low at 102.16.
EUR/USD is just about holding onto a 1.10 handle after pulling back from yesterday’s YTD peak at 1.1047.
GBP is one of the better performers across the majors after Q2 GDP metrics underpinned the view that the UK economy saw a solid H1. Cable has climbed from a 1.2820 low to a 1.2843 high but is yet to challenge Wednesday’s 1.2868 best.
USD/JPY remains within its recent 146-148 band as the recent impact of carry trade unwinding continues to recede.
AUD leading the majors vs. the USD following strong jobs data overnight which was driven by full-time employment. AUD/USD as high as 0.6627 and back above its 200DMA at 0.6600.
NOK experienced little follow-through from the Norges Bank’s decision to stand pat on rates as expected and reiterate guidance.

Fixed Income

USTs are lower, but only modestly so, into a packed data docket. Headlined by Retail Sales while the weekly jobless claims data will draw particular focus as participants increase their focus on the jobs-side of the Fed’s dual mandate. USTs at a 113-18 base which is comfortably above the last two session’s 113-13+ and 113-02+ lows.
Gilts are softer, and lagging slightly, after the morning’s GDP data for June/Q2. However, the release itself is perhaps not the driver behind the pressure, but more-so in a catch up play to the lows seen in APAC trade for USTs & Bunds.
Bund benchmarks are in the red, with specific drivers and macro newsflow generally on the lighter side. Currently, Bunds at the low-end of 134.76-135.07 parameters.

Commodities

Modest upward bias across crude contracts as broader market sentiment remains modestly positive and with geopolitics continuing to brew in the background as markets await the Iranian/Lebanese retaliation against Israel, with ceasefire talks due to continue in Doha (Qatar) today. Brent Oct trades in a USD 79.61-80.30/bbl parameter.
Precious metals are firmer across the board to varying degrees despite an uneventful Dollar but against the backdrop of heightened geopolitics as Israel-Hamas ceasefire talks resume with low optimism whilst Ukraine makes ground in Russian territory. Spot gold trades in a contained USD 2,446.64-2,458.89/oz range.
Base metals are seeing modest gains in fitting with the cautious but mildly positive sentiment across equities.

Geopolitics: Middle East

US Secretary of State Blinken and Qatar’s PM warned all sides not to undermine Gaza ceasefire talks set to open in the Gulf nation, in a veiled warning to Iran, Hamas and Israel, according to Al Arabiya.
US sources told Axios that former President Trump spoke with Israeli PM Netanyahu on Wednesday and encouraged Netanyahu to accept the deal to free hostages and for a ceasefire in Gaza.
IRGC-linked hacking group APT42 has been targeting personal accounts of individuals connected to President Biden, VP Harris, and former President Trump, including current and former government officials, as well as those involved with their campaigns, according to Iran International citing Google.
Hamas told mediators it was ready to meet them after today’s talks “if there are developments or a serious response from Israel”, via Sky News Arabia.
“The Israeli delegation for the hostage deal talks has left Israel towards Doha”, via Kann’s Stein citing ItayBlumental.

Geopolitics: Other

Russia conducted a missile attack on Ukraine’s Odesa which targeted port infrastructure and injured one person, according to Reuters citing the regional governor.
South Korean President Yoon laid out the blueprint for establishing a unified Korea and said the freedoms enjoyed in the South must be extended ‘to the frozen kingdom of the North’. Yoon said they will create a North Korean human rights fund to support activists and offered to create a working-level consultation body with North Korea, while he added they are ready to begin political and economic cooperation if North Korea takes the initial step to denuclearise.

US Event Calendar

08:30: July Retail Sales Advance MoM, est. 0.4%, prior 0%
- July Retail Sales Ex Auto MoM, est. 0.1%, prior 0.4%
- July Retail Sales Ex Auto and Gas, est. 0.2%, prior 0.8%
- July Retail Sales Control Group, est. 0.1%, prior 0.9%
08:30: July Import Price Index MoM, est. -0.1%, prior 0%
- July Import Price Index YoY, est. 1.5%, prior 1.6%
- July Import Price Index ex Petroleu, est. 0.1%, prior 0.2%
- July Export Price Index MoM, est. 0%, prior -0.5%
- July Export Price Index YoY, est. 0.1%, prior 0.7%
08:30: Aug. Initial Jobless Claims, est. 235,000, prior 233,000
- Aug. Continuing Claims, est. 1.87m, prior 1.88m
08:30: Aug. Empire Manufacturing, est. -6.0, prior -6.6
08:30: Aug. Philadelphia Fed Business Outl, est. 5.2, prior 13.9
09:15: July Industrial Production MoM, est. -0.3%, prior 0.6%
- July Manufacturing (SIC) Production, est. -0.3%, prior 0.4%
- July Capacity Utilization, est. 78.5%, prior 78.8%
10:00: June Business Inventories, est. 0.3%, prior 0.5%
10:00: Aug. NAHB Housing Market Index, est. 43, prior 42
16:00: June Total Net TIC Flows, prior $15.8b

Central Bank Speakers

09:10: Fed’s Musalem Speaks on Economy, Policy
13:10: Fed’s Harker Gives Speech on Center at Philadelphia Fed

2B) European report

US equity futures are mixed & DXY flat ahead of US IJC/Retail Sales, AUD bid post-jobs data – US Market Open

Thursday, Aug 15, 2024 – 06:02 AM

European bourses are modestly firmer; US futures are mixed ahead of today’s jobless claims and retail sales
Dollar is flat and AUD outperforms post-jobs data
Bonds are modestly lower, with slight underperformance in Gilts while USTs are contained into data
Crude is modestly firmer, XAU gains alongside strength in base metals
Looking ahead, US NY Fed Manufacturing, Export/Import Prices, IJC, Retail Sales, Comments from Fed’s Musalem, Harker. Earnings from Deere, Alibaba & Walmart.

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EUROPEAN TRADE

EQUITIES

European bourses, Stoxx 600 (+0.2%) are modestly firmer across the board. Price action today has generally been rangebound, but some modest pressure has entered the complex in recent trade.
European sectors hold a positive tilt; Healthcare takes the top spot, propped up by AstraZeneca (+0.9%). Insurance is also found near the top after Admiral (+7.3%) reported strong results. Travel & Leisure is at the foot of the pile.
US Equity Futures (ES +0.1%, NQ +0.2%, RTY -0.1%) are mixed, with very slight outperformance in the NQ, ahead of a packed schedule including jobless claims, retail sales and Fed speak.
Click for the sessions European pre-market equity newsflow
Click for the additional news
Click for a detailed summary

FX

DXY is steady and holding above 102.50 with the USD seeing a mixed performance vs. peers, ahead of key US data and Fed speak. A dovish batch of metrics could see DXY revisit the August 5th multi-month low at 102.16.
EUR/USD is just about holding onto a 1.10 handle after pulling back from yesterday’s YTD peak at 1.1047.
GBP is one of the better performers across the majors after Q2 GDP metrics underpinned the view that the UK economy saw a solid H1. Cable has climbed from a 1.2820 low to a 1.2843 high but is yet to challenge Wednesday’s 1.2868 best.
USD/JPY remains within its recent 146-148 band as the recent impact of carry trade unwinding continues to recede.
AUD leading the majors vs. the USD following strong jobs data overnight which was driven by full-time employment. AUD/USD as high as 0.6627 and back above its 200DMA at 0.6600.
NOK experienced little follow-through from the Norges Bank’s decision to stand pat on rates as expected and reiterate guidance.
Click for a detailed summary
Click for NY OpEx Details

FIXED INCOME

USTs are lower, but only modestly so, into a packed data docket. Headlined by Retail Sales while the weekly jobless claims data will draw particular focus as participants increase their focus on the jobs-side of the Fed’s dual mandate. USTs at a 113-18 base which is comfortably above the last two session’s 113-13+ and 113-02+ lows.
Gilts are softer, and lagging slightly, after the morning’s GDP data for June/Q2. However, the release itself is perhaps not the driver behind the pressure, but more-so in a catch up play to the lows seen in APAC trade for USTs & Bunds.
Bund benchmarks are in the red, with specific drivers and macro newsflow generally on the lighter side. Currently, Bunds at the low-end of 134.76-135.07 parameters.
Click for a detailed summary

COMMODITIES

Modest upward bias across crude contracts as broader market sentiment remains modestly positive and with geopolitics continuing to brew in the background as markets await the Iranian/Lebanese retaliation against Israel, with ceasefire talks due to continue in Doha (Qatar) today. Brent Oct trades in a USD 79.61-80.30/bbl parameter.
Precious metals are firmer across the board to varying degrees despite an uneventful Dollar but against the backdrop of heightened geopolitics as Israel-Hamas ceasefire talks resume with low optimism whilst Ukraine makes ground in Russian territory. Spot gold trades in a contained USD 2,446.64-2,458.89/oz range.
Base metals are seeing modest gains in fitting with the cautious but mildly positive sentiment across equities.
Click for a detailed summary

NOTABLE DATA RECAP

UK GDP Estimate MM (Jun) 0.0% vs. Exp. 0.0% (Prev. 0.4%); YY 0.7% vs. Exp. 0.8% (Prev. 1.4%); 3M/3M 0.6% vs. Exp. 0.6% (Prev. 0.9%, Rev. 0.8%)
UK GDP Prelim QQ (Q2) 0.6% vs. Exp. 0.6% (Prev. 0.7%); YY 0.9% vs. Exp. 0.9% (Prev. 0.3%)

NOTABLE EUROPEAN HEADLINES

Norges Bank maintains its Key Policy Rate at 4.50% as expected, reiterates “policy rate will likely be kept at the current level for some time ahead”. Click for full details
Norges Bank Governor notes of a “very high” threshold for Norges Bank to intervene in FX to support the NOK; adds a floating NOK is an advantage; no new prognosis on when the first rate cut will come. Not targeting a particular NOK level. Norges cares about the NOK due to its effects on inflation. Norges has information since the last rate meeting, but information pulling the bank in different directions. No new prognosis on when the first rate cut will come. Regarding debate on pegging NOK to EUR, says the Bank follows the mandate given.

NOTABLE US HEADLINES

Fed’s Bostic (voter) is open to a September rate cut as inflation cools and said as price pressures ease officials also need to be conscious of their mandate of maintaining full employment, while he added the labour market is weakening but is not weak, according to FT.

GEOPOLITICS

MIDDLE EAST

US Secretary of State Blinken and Qatar’s PM warned all sides not to undermine Gaza ceasefire talks set to open in the Gulf nation, in a veiled warning to Iran, Hamas and Israel, according to Al Arabiya.
US sources told Axios that former President Trump spoke with Israeli PM Netanyahu on Wednesday and encouraged Netanyahu to accept the deal to free hostages and for a ceasefire in Gaza.
IRGC-linked hacking group APT42 has been targeting personal accounts of individuals connected to President Biden, VP Harris, and former President Trump, including current and former government officials, as well as those involved with their campaigns, according to Iran International citing Google.
Hamas told mediators it was ready to meet them after today’s talks “if there are developments or a serious response from Israel”, via Sky News Arabia.
“The Israeli delegation for the hostage deal talks has left Israel towards Doha”, via Kann’s Stein citing ItayBlumental.

OTHER

Russia conducted a missile attack on Ukraine’s Odesa which targeted port infrastructure and injured one person, according to Reuters citing the regional governor.
South Korean President Yoon laid out the blueprint for establishing a unified Korea and said the freedoms enjoyed in the South must be extended ‘to the frozen kingdom of the North’. Yoon said they will create a North Korean human rights fund to support activists and offered to create a working-level consultation body with North Korea, while he added they are ready to begin political and economic cooperation if North Korea takes the initial step to denuclearise.

CRYPTO

Bitcoin slipped below USD 58k in early European trade, before reclaiming the level, but still remains modestly lower on the session thus far.

APAC TRADE

APAC stocks shrugged off the mixed lead from the US and gained as participants digested a slew of key data.
ASX 200 traded higher but with gains capped as participants digested earnings releases and jobs data.
Nikkei 225 was among the biggest gainers after GDP data topped forecasts and showed a return to growth.
Hang Seng and Shanghai Comp. gradually advanced in the aftermath of mixed Chinese activity data in which industrial production disappointed but retail sales topped forecasts, while Chinese indices were also unfazed by the steeper contraction in home prices. Furthermore, the PBoC delayed its MLF operation to later in the month but announced a firm liquidity injection via 7-day reverse repos which is meant to counteract maturing MLF loans, tax payments and government bond issuance.

NOTABLE ASIA-PAC HEADLINES

PBoC announced it will conduct its MLF operation on August 26th and injected CNY 577.7bln via 7-day reverse repos, while it added that the reverse repo operation today is meant to counteract maturing MLF loans, tax payments and government bond issuances.
China’s stats bureau said China’s economic operation was generally stable in July but noted a rising negative impact from changes to China’s external environment, while it stated the economic recovery trend needs to be consolidated and expects the recovery in consumption to consolidate as policies gain traction. Furthermore, it said domestic demand is likely to improve due to policy support and Chinese foreign trade remains resilient despite rising protectionism.
RBNZ Governor Orr addressed a parliamentary committee in which he stated that CPI is returning sustainably to the target band of 1%-3% and the current economic environment is weak with the economy weaker than anticipated six months ago. Orr added there is no talk on the committee of raising rates again and policy discussions in the future will focus on whether to maintain or reduce rates, as well as noted that they are to proceed with caution in adjusting interest rates and that removing restraint is appropriate for now.
China’s Commerce Ministry is to impose export controls on antimony (semi-metal) and other metals from 15th September.
Earthquake in Taiwan reported to be magnitude 5.7 (vs prelim 4.7), striking off Taiwan’s North-eastern Coast, according to Central Weather Bureau.

DATA RECAP

Chinese Industrial Production YY (Jul) 5.1% vs. Exp. 5.2% (Prev. 5.3%)
Chinese Retail Sales YY (Jul) 2.7% vs. Exp. 2.6% (Prev. 2.0%)
Chinese Urban Investment (YTD) YY (Jul) 3.6% vs. Exp. 3.9% (Prev. 3.9%)
Chinese Urban Unemployment Rate (Jul) 5.2% (Prev. 5.0%)
Chinese House Prices YY (Jul) -5.0% (Prev. -4.5%)
Japanese GDP QQ (Q2) 0.8% vs. Exp. 0.5% (Prev. -0.7%, Rev. -0.6%)
Japanese GDP QQ Annualised (Q2) 3.1% vs. Exp. 2.1% (Prev. -2.9%, Rev. -2.3%)
Australian Employment (Jul) 58.2k vs. Exp. 20.0k (Prev. 50.2k)
Australian Full Time Employment (Jul) 60.5k (Prev. 43.3k)
Australian Unemployment Rate (Jul) 4.2% vs. Exp. 4.1% (Prev. 4.1%)
Australian Participation Rate (Jul) 67.1% vs. Exp. 66.9% (Prev. 66.9%)

2C) ASIAN REPORT

Bostic is open to a September cut; mixed Chinese activity data – Newsquawk Europe Market Open

Thursday, Aug 15, 2024 – 01:33 AM

APAC stocks shrugged off the mixed lead from the US and gained as participants digested a slew of key data; Nikkei 225 was among the biggest gainers after GDP data topped forecasts.
Chinese activity data was mixed as industrial production disappointed but retail sales topped forecasts; China’s stats bureau said China’s economic operation was generally stable in July and added domestic demand is likely to improve due to policy support.
Fed’s Bostic (voter) is open to a September rate cut as inflation cools, and noted the labour market is weakening but is not weak, according to the FT.
European equity futures indicate a firmer open with Euro Stoxx 50 futures up 0.4% after the cash market finished with gains of 0.7% on Wednesday.
Looking ahead, highlights include UK GDP, US NY Fed Manufacturing, Export/Import Prices, IJC, Retail Sales, Norges Bank Policy Announcement, Comments from Fed’s Musalem, Harker & Norges Bank’s Bache, Earnings from Zealand Pharma, Deere, Alibaba & Walmart.

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 traded mixed as participants digested the latest CPI data which mostly printed in line with expectations and failed to live up to the dovishness of the recent PPI release although there were no signs of concern within the report, while the data did very little to alter Fed rate expectations with September seen as a guaranteed cut.
SPX +0.38% at 5,455, NDX +0.09% at 19,023, DJIA +0.61% at 40,008, RUT -0.52% at 2,084
Click here for a detailed summary.

NOTABLE HEADLINES

Fed’s Bostic (voter) is open to a September rate cut as inflation cools and said as price pressures ease officials also need to be conscious of their mandate of maintaining full employment, while he added the labour market is weakening but is not weak, according to FT.
Fed’s Goolsbee (non-voter) said climbing unemployment may indicate a worsening job market, while he added that policy is ‘very restrictive’ and the economy is not overheating. Furthermore, he said economic conditions will warrant the size of rate cuts and he is more concerned about jobs mandate ‘on the margin’.
White House Economic Adviser Bernstein said inflation is trending in the right direction.

APAC TRADE

EQUITIES

APAC stocks shrugged off the mixed lead from the US and gained as participants digested a slew of key data.
ASX 200 traded higher but with gains capped as participants digested earnings releases and jobs data.
Nikkei 225 was among the biggest gainers after GDP data topped forecasts and showed a return to growth.
Hang Seng and Shanghai Comp. gradually advanced in the aftermath of mixed Chinese activity data in which industrial production disappointed but retail sales topped forecasts, while Chinese indices were also unfazed by the steeper contraction in home prices. Furthermore, the PBoC delayed its MLF operation to later in the month but announced a firm liquidity injection via 7-day reverse repos which is meant to counteract maturing MLF loans, tax payments and government bond issuance.
US equity futures edge modest gains alongside the mostly positive mood in Asia.
European equity futures indicate a firmer open with Euro Stoxx 50 futures up 0.4% after the cash market finished with gains of 0.7% on Wednesday.

FX

DXY was rangebound after the recent US CPI data mostly matched estimates, while attention turns to upcoming Fed speakers and data releases including Retail Sales, Industrial Production and Initial Jobless Claims.
EUR/USD traded sideways and just about held on to the recently reclaimed 1.1000 status.
GBP/USD struggled for direction as participants awaited the UK preliminary Q2 GDP data.
USD/JPY was indecisive amid the positive tone in Japan and stronger-than-expected GDP data.
Antipodeans were kept afloat with AUD/USD boosted after the stronger-than-expected Employment Change which was solely fuelled by new full-time jobs and although there was an increase in the Unemployment Rate, this coincided with a higher participation rate.

FIXED INCOME

10-year UST futures traded subdued amid slight upside in yields and following the mostly in-line US CPI.
Bund futures were restrained following the recent pullback to beneath the 135.00 level.
10-year JGB futures lacked demand amid gains in Japanese stocks and stronger-than-expected GDP data.

COMMODITIES

Crude futures traded rangebound with Brent and WTI around the USD 80/bbl and USD 77/bbl levels respectively, after recent declines and with prices not helped by a surprise build in DoE stockpiles.
Spot gold nursed some of the prior day’s losses following the pressure in the aftermath of the US CPI data.
Copper futures gradually edged higher alongside the positive risk sentiment but with gains capped as participants reflected on the mixed Chinese activity data and steeper contraction in the nation’s house prices.
BHP (BHP AT) and the striking union at the Escondida copper mine in Chile failed to resume formal negotiations although operations continue under contingency plans. Furthermore, BHP said it asked the union to suspend the strike temporarily to resume dialogue although the union declined.

CRYPTO

Bitcoin extended on the prior day’s losses and retreated beneath the USD 59,000 level.

NOTABLE ASIA-PAC HEADLINES

PBoC announced it will conduct its MLF operation on August 26th and injected CNY 577.7bln via 7-day reverse repos, while it added that the reverse repo operation today is meant to counteract maturing MLF loans, tax payments and government bond issuances.
China’s stats bureau said China’s economic operation was generally stable in July but noted a rising negative impact from changes to China’s external environment, while it stated the economic recovery trend needs to be consolidated and expects the recovery in consumption to consolidate as policies gain traction. Furthermore, it said domestic demand is likely to improve due to policy support and Chinese foreign trade remains resilient despite rising protectionism.
RBNZ Governor Orr addressed a parliamentary committee in which he stated that CPI is returning sustainably to the target band of 1%-3% and the current economic environment is weak with the economy weaker than anticipated six months ago. Orr added there is no talk on the committee of raising rates again and policy discussions in the future will focus on whether to maintain or reduce rates, as well as noted that they are to proceed with caution in adjusting interest rates and that removing restraint is appropriate for now.

DATA RECAP

Chinese Industrial Production YY (Jul) 5.1% vs. Exp. 5.2% (Prev. 5.3%)
Chinese Retail Sales YY (Jul) 2.7% vs. Exp. 2.6% (Prev. 2.0%)
Chinese Urban Investment (YTD) YY (Jul) 3.6% vs. Exp. 3.9% (Prev. 3.9%)
Chinese Urban Unemployment Rate (Jul) 5.2% (Prev. 5.0%)
Chinese House Prices YY (Jul) -5.0% (Prev. -4.5%)
Japanese GDP QQ (Q2) 0.8% vs. Exp. 0.5% (Prev. -0.7%, Rev. -0.6%)
Japanese GDP QQ Annualised (Q2) 3.1% vs. Exp. 2.1% (Prev. -2.9%, Rev. -2.3%)
Australian Employment (Jul) 58.2k vs. Exp. 20.0k (Prev. 50.2k)
Australian Full Time Employment (Jul) 60.5k (Prev. 43.3k)
Australian Unemployment Rate (Jul) 4.2% vs. Exp. 4.1% (Prev. 4.1%)
Australian Participation Rate (Jul) 67.1% vs. Exp. 66.9% (Prev. 66.9%)

GEOPOLITICAL

MIDDLE EAST

US Secretary of State Blinken and Qatar’s PM warned all sides not to undermine Gaza ceasefire talks set to open in the Gulf nation, in a veiled warning to Iran, Hamas and Israel, according to Al Arabiya.
US sources told Axios that former President Trump spoke with Israeli PM Netanyahu on Wednesday and encouraged Netanyahu to accept the deal to free hostages and for a ceasefire in Gaza.
IRGC-linked hacking group APT42 has been targeting personal accounts of individuals connected to President Biden, VP Harris, and former President Trump, including current and former government officials, as well as those involved with their campaigns, according to Iran International citing Google.

OTHER

Russia conducted a missile attack on Ukraine’s Odesa which targeted port infrastructure and injured one person, according to Reuters citing the regional governor.
South Korean President Yoon laid out the blueprint for establishing a unified Korea and said the freedoms enjoyed in the South must be extended ‘to the frozen kingdom of the North’. Yoon said they will create a North Korean human rights fund to support activists and offered to create a working-level consultation body with North Korea, while he added they are ready to begin political and economic cooperation if North Korea takes the initial step to denuclearise.

2D JAPAN

3 CHINA

CHINA/

China Port Explosion Snarls Trans-Pacific Container Trade

Wednesday, Aug 14, 2024 – 07:15 PM

The closure of Ningbo Beilun’s Phase III Terminal is expected to have cascading effects on the main trans-Pacific trade lanes out of Asia, and the supply chain at large, in the midst of the peak shipping season.

As Stuart Chris reports for FreightWaves, container traffic has been halted at Ningbo following a shipboard explosion involving hazardous materials at one of the world’s busiest intermodal hubs.

The explosion aboard the Yang Ming vessel YM Mobility on Friday reportedly involved organic peroxide materials.

There were no injuries in the blast, but the terminal has been closed until further notice.

Ningbo is the world’s third-busiest container port, with volume of 33.35 million twenty-foot equivalent units in 2023.

The shutdown couldn’t come at a worse time as record peak volumes for North American imports are forecast for August, after an “early peak” in June as shippers rushed to get holiday merchandise ahead of expected supply chain disruptions in the fall.

“With this closure, Ningbo Port is no longer operational, compounding existing supply chain disruptions exacerbated by Typhoon Gaemi in July,” said Christian Roeloffs, co-founder and chief executive of Container xChange, an online container marketplace based in Hamburg, Germany, in a customer advisory.

“For container trading companies and those involved in container leasing, this incident presents some straightforward challenges worth accounting for. The disruption at the Ningbo Port, combined with pre-existing congestion at major Asian ports, will lead to a deterioration of ocean schedules and further delays in container availability,” Roeloffs said.

“Companies must brace for increased dwell times, potential re-routing of shipments, and a tightening of available container supplies, especially for hazardous and dangerous goods.”

The exchange advised shippers to evaluate alternative routes through other ports but to expect increased congestion at neighboring hubs.

Shippers should also plan for extended delays amid longer dwell times at major ports, and adjust inventory levels and delivery schedules accordingly.

4.EUROPEAN AFFAIRS//UK /SCANDINAVIAN AFFAIRS

GERMANY

Author/playwright CJ Hopkins trial delayed. He has been charged for two “swastika tweets”. The case is basically

on freedom of speech

(CJ Hopkins ConsentFactory.org.)

‘Criminalization Of Dissent’ Delayed: German Authorities Postpone CJ Hopkins ‘Swastika Tweet’ Re-Trial At Last Minute

Thursday, Aug 15, 2024 – 05:00 AM

Authored by CJ Hopkins via ConsentFactory.org,

And on and on and on it goes. Today, at the eleventh hour, the Berlin Superior Court postponed my trial, which was scheduled to take place tomorrow, August 15, 2024, for reasons that remain unclear.

It would be wrong, and bad, to speculate about the Superior Court’s reasons for this eleventh-hour postponement. Such unwarranted speculation might even qualify as “misinformation,” and call down the wrath of the German authorities, or the UK authorities, or … God help me, Thierry Breton Himself!

Nevertheless, here’s what happened during the lead-up to my suddenly postponed trial.

On August 12, my attorney filed a motion alleging bias on the part of the Superior Court judge that issued the so-called “Security Order” that I reported on in Part One and Part Two of this series of columns. We filed this motion after our earlier motions to have the Order lifted were summarily denied.

And this morning, a rather extensive article about my prosecution was published in the Berliner Zeitung, a major German newspaper. Despite the fact that this story has received a considerable amount of international press coverage, this is the first piece published by the mainstream German press.

Until today, the mainstream German press had been diligently refusing to report the story, despite the fact that it has been reported in The Atlantic …

And The Foundation for Individual Rights and Expression (“FIRE”) just released this video feature and published an extensive piece about it …

And Sky News Australia just published this piece …

And Neue Zürcher Zeitung, in Switzerland, also covered it …

And Matt Taibbi in Racket News…

And Aya Velázquez, a German independent journalist who, along with her colleagues Bastian Barucker and Stefan Homburg, has recently rocketed to fame for releasing the “Robert Koch-Institute Leaks,” which are currently shaking things up in Germany …

And too many more independent media sources to mention and post big pictures of here.

But that Berliner Zeitung article (and all that other press) probably didn’t have anything to do with the Court’s decision to postpone the trial. I mean, it’s not like they are ashamed of what they’re doing, i.e., criminally prosecuting an author for two Tweets.

No, the impression I get is that the German authorities are proud of what they are doing, and want everyone to know it. After all, in the space of only a year, with the assistance of Amazon and Twitter/X, they have dragged me into criminal court, reported me to the German FBI and Germany’s domestic Intelligence agency, they have damaged my income and reputation as an author, they forced me to spend over 10,000 Euros to defend myself against their trumped-up charges, they had my book banned in Germany, censored my speech, and just generally made my life extremely stressful.

So, it’s unlikely that this one article, or this recent round of press, has shamed the Court into postponing my trial at the eleventh hour. I’m sure the Court does this all the time, you know, abruptly postpone a trial the day before it’s scheduled for totally unspecified reasons. This is modern Germany, after all! It’s New Normal Germany! Not old, bad Nazi Germany, where the courts were just an arm of the Nazi government! New Normal Germany is absolutely nothing like that! It’s a totally democratic country where everyone is equal in the eyes of the law and “The Land of Poets and Thinkers” and “Unity and Justice and Freedom,” and … whatever.

In any event, don’t show up at the Kammergericht tomorrow … I mean, unless you’re on trial, yourself, for something, or if you just want to get groped by a German court officer. (See Part Two of this series for details on that.)

Seriously, though, all joking aside, I’m very grateful to Ralf Hutter and Berliner Zeitung, and FIRE, and all the other journalists and outlets that have covered this story. Focusing public attention on what the New Normal “authorities” are doing, not just here in Germany, but throughout the West, not just to me, but to many, many others just like me, is one of the only weapons we have to fight back against the criminalization of dissent with. As I have explained in earlier essays, this new, nascent form of totalitarianism — which I think is becoming more and more obvious to people at this point — is not 20th-Century totalitarianism. It can’t go goose-stepping around in jackboots. It has to maintain a “democratic” facade.

Stripping away that facade, calling its bluff, forcing it to show itself as what it actually is, in all its authoritarian ugliness, works. Not always, not perfectly, but it works.

Or at least it works a lot better than frontally attacking it, which is futile, and which is exactly what it wants, so that it can use that as an excuse to further ratchet up the totalitarianism, or, you know, to reduce your entire territory to a pile of rubble.

If you’re not sure what I’m talking about, maybe ask some of those January 6 rioters, or those UK rioters, or Hamas.

end

ENGLAND

England in last two weeks

Sad what is happening there and elsewhere.

5/RUSSIAN AND MIDDLE EASTERN AFFAIRS

ISRAEL/HAMAS

(TIMES OF iSRAEL)

IDF: Gunmen killed, over 30 Hamas sites targeted in Gaza airstrikes over past day

By Emanuel Fabian FollowToday, 10:09 am

IDF troops operate in the Gaza Strip, in an image published on August 15, 2024. (Israel Defense Forces)

Dozens of gunmen were killed and sites belonging to Hamas and other terror groups were destroyed amid operations in the Gaza Strip over the past day, the IDF says in a morning update.

More than 30 Hamas sites, including booby-trapped buildings, tunnels, and weapon depots, were targeted in airstrikes across Gaza, according to the military.

The IDF says that in southern Gaza’s Rafah, troops under the 162nd Division killed more than 20 terror operatives by directing airstrikes.

Further north, in Khan Younis, troops with the 98th Division directed strikes against several Hamas operatives at a weapons depot. In another strike in Khan Younis, a Palestinian Islamic Jihad operative responsible for rocket launches was killed, the IDF says.

Meanwhile, in the Netzarim Corridor of central Gaza, the IDF says that several cells of gunmen were killed and a weapons depot was destroyed in strikes directed by the 252nd Reserve Division.

END

/ISRAEL/HAMAS

(Jerusalem Post)

Deterrence definitely does not work when dealing with terrorists

Editorial..

Deterrence does not work when dealing with terrorists – editorial

Due to the collapse of the three key security assumptions – deterrence, a small, smart army, and the ability to stand alone – changes have begun to occur.

By JPOST EDITORIALAUGUST 15, 2024 05:59

IDF troops operate in the Gaza Strip. August 11, 2024. (photo credit: IDF SPOKESPERSON'S UNIT) — IDF troops operate in the Gaza Strip. August 11, 2024.(photo credit: IDF SPOKESPERSON’S UNIT)

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fopinion%2Farticle-814777&unitId=2900003088&userId=0984023a-6fcf-4b29-a5e6-1be85cfd6d0a&isLegacyBrowser=false&isPartitioningSupport=1&version=20240814_d9d09f2be217e067302ca5856f4b6e9a6865dd43&useBunnyCDN=0&themeId=140&unitType=tts-player

The October 7 catastrophe shattered several deeply rooted security assumptions.

The first was that Israel’s enemies were deterred, knowing they would be pummeled by Israel’s superior might if they attacked.

The second was that the country could rely on a small, technologically smart army instead of the larger forces of the past, since hi-tech solutions could address many of the challenges previously handled by soldiers. For instance, billion-dollar walls and state-of-the-art sensors could effectively secure the border without the need for as many troops.

The third assumption was that Israel was positioned, thanks to generous US military aid, to “deter and defend itself, by itself, against any threat or possible combination of threats.” That phrase – an Ariel Sharon mantra – was incorporated into a letter then-US president George Bush wrote to Sharon in 2004, paving the way for Israel’s withdrawal from Gaza.

Israelis awoke on October 8, however, to the devastating realization that the enemy was not deterred, that a small, hi-tech army cannot do the job of defending the country, and that Israel is not able to protect itself, by itself, against any threat or combination thereof.

US DEFENSE SECRETARY Lloyd Austin receives Defense Minister Yoav Gallant at the Pentagon last month. Israel without the US – is it possible? Anyone familiar with political realities will not hesitate to answer in the negative, says the writer. (credit: KEVIN LAMARQUE/REUTERS)

What was perhaps most eye-opening about this realization was the last element: that Israel cannot alone deter all enemies or defend the homeland, and that it needs help – especially American help. Even more startling is that the type of US help required was not only the dispatch of aircraft carriers to the Eastern Mediterranean to deter an all-out Iranian and Hezbollah offensive but also the reliance on the US for the basics needed to wage a war: bombs, shells, and even bullets.

It is understandable that a country the size of Israel lacks the industrial capacity to be completely self-sufficient and produce the next-generation war platforms it needs, and that those will have to be bought from the US. In this regard, the US approval on Tuesday of a $20 billion arms sale, including 50 F-15 fighter jets, is very welcome and greatly appreciated. However, long-term contracts for significant weapons platforms will not be filled for years.

October 7 revealed that Israel was reliant on the US not only for the major platforms but also for bread-and-butter ordnance such as mortar and tank shells, 500- and 1,000-pound bombs, and even rifles – arms that Israel does have the capacity to produce, but because of a variety of reasons, opted to parcel out to others.

Changes that must occur

Due to the collapse of the three key security assumptions – deterrence, a small, smart army, and the ability to stand alone – changes have begun to occur. First, there is now a much greater realization that deterrence does not work when dealing with a terrorist organization, and that dismantling their capabilities is necessary to prevent their attacks.

The second significant change is that the army needs more soldiers – a realization that is leading to the move now to get more haredim into uniform.

The third change involves increasing munitions independence by locally producing and manufacturing certain armaments and ordnance the army needs, thereby reducing reliance on the US.

In December, the Defense Ministry’s procurement division launched a local tender to purchase tens of thousands of assault rifles to replace the US-made M4. It also explored establishing the first-ever local production line of one-ton bombs, a type of bomb whose delivery from the US was recently delayed.

Israel Hayom reported on Tuesday that Israel had given the go-ahead to establish this production line and is also broadening domestic production of other arms, such as tank ammunition and 155-mm. artillery shells.

Defense Ministry Director-General Eyal Zamir was quoted as describing this as a “large-scale strategic move,” saying: “We are investing and will continue to invest tens of billions in building infrastructure and capabilities… to solidify production independence.”

That is a welcome development. Although Israel cannot build all its own significant weapons platforms, it can significantly increase local production of some arms, thereby lessening its reliance on the US and reducing pressure some elements in the US might want to exert on Jerusalem by withholding those arms during wartime.

END

ISRAEL//USA

Trump and Netanyahu hold a call about Gaza hostages

Reuters and Jerusalem Post

(two commentaries)

Trump and Netanyahu reportedly hold call about Gaza hostage-ceasefire deal

By Reuters and ToI Staff

Former US president Donald Trump hosts Prime Minister Benjamin Netanyahu at his Mar-a-Lago resort, Florida, July 26, 2024 (Amos Ben Gershom/GPO)

Republican presidential candidate Donald Trump spoke on the phone with Israeli Prime Minister Benjamin Netanyahu on Wednesday and discussed the Gaza hostage-ceasefire deal, Axios reports, citing two US sources.

One of the sources is quoted saying the aim of the call was for Trump to encourage Netanyahu to agree to the mediated deal with Hamas, but it’s not clear what in fact the former US president told the premier.

The news site says Netanyahu’s office did not deny the call, while Trump’s campaign declined to comment.

The call was held a day before negotiations are set to resume Thursday in Doha, which is being cast by some officials as the last potential chance on the near horizon to secure a deal to end the fighting in Gaza and free the hostages seized during the October 7 attack on Israel that sparked the war.

END

SAME SUBJECT AS ABOVE FROM JERUSALEM POST

Trump, Netanyahu speak about Gaza hostage-ceasefire deal, Axios reports

Washington, Israel’s most important ally, has said that a ceasefire in Gaza will reduce the rising threat of a wider war in the Middle East.

By REUTERSAUGUST 15, 2024 07:50

PRIME MINISTER Benjamin Netanyahu meets with former US president and current Republican presidential nominee Donald Trump, last week in Florida. Israel embassy staff certainly cringed upon hearing Netanyahu’s unveiled dig at Kamala Harris, the writer maintains. (photo credit: AMOS BEN GERSHOM/GPO) — PRIME MINISTER Benjamin Netanyahu meets with former US president and current Republican presidential nominee Donald Trump, last week in Florida. Israel embassy staff certainly cringed upon hearing Netanyahu’s unveiled dig at Kamala Harris, the writer maintains.(photo credit: AMOS BEN GERSHOM/GPO)

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fisrael-hamas-war%2Farticle-814813&unitId=2900003088&userId=0984023a-6fcf-4b29-a5e6-1be85cfd6d0a&isLegacyBrowser=false&isPartitioningSupport=1&version=20240814_d9d09f2be217e067302ca5856f4b6e9a6865dd43&useBunnyCDN=0&themeId=140&unitType=tts-player

Republican presidential candidate Donald Trump spoke on the phone with Israeli Prime Minister Benjamin Netanyahu on Wednesday and discussed the Gaza ceasefire and hostage release deal, Axios reported, citing two US sources.

One source told Axios Trump’s call was intended to encourage Netanyahu to take the deal, but stressed he did not know if this is indeed what the former president told Netanyahu. The Trump campaign did not immediately respond to a request for comment.

Late last month, Netanyahu visited the US and met President Joe Biden, Vice President and Democratic presidential candidate Kamala Harris and Republican former President Trump.

Egypt, the United States and Qatar have scheduled a new round of Gaza ceasefire negotiations for Thursday.

Biden laid out a three-phase ceasefire proposal in an address on May 31. Washington and regional mediators have since tried arranging the Gaza ceasefire-for-hostages deal but have run into repeated obstacles.

Israel's Prime Minister Benjamin Netanyahu meets with US President Donald Trump prior to signing the Abraham Accords, normalizing relations between Israel and some of its Middle East neighbors in a strategic realignment of Middle Eastern countries against Iran, during a meeting in the Oval Office. (credit: REUTERS/TOM BRENNER) — Israel’s Prime Minister Benjamin Netanyahu meets with US President Donald Trump prior to signing the Abraham Accords, normalizing relations between Israel and some of its Middle East neighbors in a strategic realignment of Middle Eastern countries against Iran, during a meeting in the Oval Office. (credit: REUTERS/TOM BRENNER)

Hamas said on Wednesday it would not take part in a new round of Gaza ceasefire talks slated for Thursday in Qatar, but an official briefed on the talks said mediators expected to consult with the Palestinian Islamist group afterwards.

Washington, Israel’s most important ally, has said that a ceasefire in Gaza will reduce the rising threat of a wider war in the Middle East.

Increasing risk of escalation

There has been an increased risk of a broader war after the recent killings of Hamas leader Ismail Haniyeh in Iran and Hezbollah military commander Fuad Shukr in Beirut. Both drew threats of retaliation against Israel.

The latest bloodshed in the decades-old Israeli-Palestinian conflict was triggered on Oct. 7 when Hamas attacked Israel, killing 1,200 and taking about 250 hostages, according to Israeli tallies.

Israel’s subsequent assault on the Hamas-governed enclave has since killed nearly 40,000 Palestinians, according to the local health ministry, while also displacing nearly the entire population of 2.3 million, causing a hunger crisis and leading to genocide allegations at the World Court that Israel denies.

END

.2 dead terror chiefs, a US desperate to avert war, and a terrifying lack of strategy

(Jerusalem Post)

Horowitz//a must read!

Israel complacently allowed Iran to build a stranglehold around it; 313 days after October 7, where’s our domestically and internationally formulated plan to break that grip?

By David Horovitz Follow14 August 2024, 4:17 pm

FILE: Cars burn in Haifa following a rocket attack by Hezbollah terrorists, August 13, 2006. (Roni Schutzer / AFP)

This Editor’s Note was sent out earlier Wednesday in ToI’s weekly update email to members of the Times of Israel Community. To receive these Editor’s Notes as they’re released, join the ToI Community here.

As our nation waits passively for two weeks and counting to see whether, when and how devastatingly Iran and Hezbollah will choose to attack us, in order to “avenge” the killings of two terror chiefs bent on our destruction, we Israelis feel like the hapless, helpless playthings of other, more powerful forces. This is not an acceptable situation for the revived Jewish nation. And it points to the untenable lack of a strategy by our leadership for restoring national security more than 10 months after the October 7 Hamas invasion, slaughter and abductions.

Following the Hamas massacre, we very belatedly internalized that, for decades, Iran and its more and less closely allied forces in Gaza, Lebanon and beyond had been gradually assembling the means to execute their pledged destruction of our gutsy little nation, and that we had complacently allowed them to prepare at their leisure to wipe us out.

Faced with the immediate dilemma of whether to focus first on ensuring that Hamas not be able to fulfill its promise to carry out more October 7s, or to tackle the many times more powerful army that Hezbollah had built and deployed across our northern border, the leadership under Prime Minister Benjamin Netanyahu opted to prioritize dismantling Hamas and bringing home the hostages.

More than 10 months later, high-intensity conflict against Hamas is long since over, but the IDF continues to exhaust itself in Gaza with diminishing returns — tiring out the standing army, placing intolerable strain on the reservists, battering the national psyche and exacerbating the mounting damage to the economy. Meanwhile, tens of thousands of Israelis remain displaced from northern border communities, and the oft-promised switch of focus to tackle Hezbollah remains unimplemented.

With our and the world’s attention elsewhere, the ayatollahs in Iran move serenely ahead with their nuclear program, having further marginalized the always-inadequate oversight by the International Atomic Energy Agency.

Breaking the stranglehold of armies and missiles that Netanyahu now acknowledges Iran has been tightening around Israel’s neck requires careful strategizing, including coordination with our allies and preparation at home to ensure Israel is best placed to prevail. It is unsurprising that the leadership, inexplicably unprepared for the Hamas invasion, was unable to immediately recognize the full extent of the existential threat. But more than 10 months later, the abiding failure to strategize is outrageous and extremely dangerous.

Left to right: Prime Minister Benjamin Netanyahu at Donald Trump’s Mar-a-Lago estate, July 26, 2024 (GPO); Opposition Leader Yair Lapid at the Knesset, Jerusalem, July 22, 2024 (Yonatan Sindel/Flash90); head of the National Unity party Benny Gantz at a press conference at the Knesset on July 24, 2024 (Chaim Goldberg/Flash90); former prime minister Naftali Bennett speaks at the annual Cyber Week, at Tel Aviv University, June 25, 2024 (Avshalom Sassoni/Flash90)

Essential steps that should have long since been taken include, domestically, bringing together a government with the best brains and capabilities to steer Israel through the crisis — a genuine, emergency war government, anchored in agreements to work and hold together until essential, defined goals are achieved, and excluding the incendiary likes of Itamar Ben Gvir and Bezalel Smotrich.

Stirring up the Muslim world in the best interests of Hamas chief Yahya Sinwar, Iran’s Supreme Leader Ali Khamenei et al, Temple Mount-prayer rabble-rouser Ben Gvir is a national pyromaniac that Israel simply cannot tolerate in a position of power. Likewise, Justice Minister Yariv Levin, who remains obsessed with destroying Israel’s independent judiciary and is incapable, even now, of understanding the damage his still-intended “reforms” have done to national cohesion.

This image grab taken from a UGC video footage posted on August 13, 2024 shows National Security Minister Itamar Ben Gvir (2nd-R) chanting the slogan ‘Am Yisrael Chai’ (The People of Israel Live) during a visit to the Temple Mount, where he also hailed Jews at prayer in the compound. (UGC/AFP)

As for Netanyahu himself, his Time magazine interview last week laid bare his unfounded convictions that he was failed by everyone around him in the run-up to October 7 and that he alone can fix the damage. Nobody can compel him to acknowledge his personal responsibility as the prime minister on whose watch this ongoing catastrophe has unfolded, but can he not even manage to restrain his relentless denigration of all who dare to challenge him, and his demonization of those substantial parts of our electorate who do not accord him absolute fealty?

Also vital: The negotiated, phased imposition of military and/or national service requirements on all of Israel’s diverse communities — to reduce the strain on the military, unite all Israelis in the essential battle for national survival, and alleviate the debilitating injustice of the current unequal burden.

While Netanyahu repeatedly asserts that Israel can defend itself by itself, the events of the last few months leave no doubt that Israel is unable to defang all of its highly potent enemies in isolation. That reality is highlighted by the Biden administration’s essential weapons supplies, and its coordination of the coalition that helped thwart Iran’s April missile and drone assault and has taken shape again now as Iran steps up its threats of further direct attack.

Hamas political leader Ismail Haniyeh delivers a speech in front of portraits of late Iranian revolutionary founder Ayatollah Khomeini (left), and supreme leader Ayatollah Ali Khamenei (right), at a rally in Tehran, February 11, 2012. (AP/Vahid Salemi)

One way or another, not only must Hamas be prevented from regaining power in Gaza, but the far greater Hezbollah military threat must also be removed, and Iran’s drive to the bomb thwarted. Israel cannot practically and need not morally do that alone — these are enemies that threaten the entire free world.

But this is a fight for our lives, and Israel’s leaders most certainly must initiate and effectively coordinate the strategy to ensure our survival.

In the last few days, the US has assembled what may be a greater military deployment in this area than it did even immediately after October 7 — including a guided-missile submarine — but not as the culmination of any carefully prepared, substantive plan to deal with the Iranian regime. Rather, it is an emergency measure designed to try to deter the ayatollahs from exercising Khamenei’s public promise to avenge the July 31 killing of Hamas leader Ismail Haniyeh in Tehran. And to be on hand if Iran and Hezbollah strike, Israel responds, and things spiral.

The guided-missile submarine USS Georgia transits the Strait of Hormuz in the Persian Gulf, December 21, 2020. (Mass Communication Specialist 2nd Class Indra Beaufort/US Navy via AP)

So now, we wait to see if Iran will hit back, or if the massed US forces will give it pause. We wait to see if, or more likely when, Hezbollah will avenge the killing, claimed by Israel, of its military commander Fuad Shukr in Beirut, gauging whether Hassan Nasrallah might strike the IDF’s Kirya headquarters in Tel Aviv (possibly too high a risk of civilian fatalities), or perhaps the Glilot base near Herzliya (a little more remote), or maybe sensitive facilities in Haifa (a favorite Hezbollah target, where Mayor Yona Yahav has been warning his residents to brace for four to six days of massive rocket attacks).

In a Hail Mary bid to avoid the descent into a full-scale regional conflagration, US President Joe Biden and his colleagues have tried to tie their de-escalation efforts to the almost nine months of unsuccessful hostage-ceasefire negotiations since the weeklong truce last November. But the prospects remain deeply unpromising, with Hamas’s Sinwar insistent that the war end as a precondition for a deal.

For his part, Netanyahu is adamant that Israel be able to resume fighting after any deal collapses. And he is at odds with his own security chiefs and negotiators in demanding that the IDF not withdraw from the Gaza-Egypt border, or from the Netzarim Corridor (set up by the IDF to try to prevent a mass Hamas return to northern Gaza), even for the first six-week stage of the deal in which some 30 living hostages might be released.

Families and supporters of Israelis held hostage by Hamas terrorists in Gaza protest in the Knesset, August 14, 2024. (Chaim Goldberg/Flash90)

As of this writing, it is not clear that Hamas will even send a delegation to Thursday’s negotiations. What is clear is that the talks do not represent a coordinated element of a strategy, formulated by Israel and its vital US ally en route to relentlessly defanging the assorted vicious forces targeting Israel on every front, expediting the demise of the ayatollahs’ regime, and deepening alliances with more moderate elements in the region.

Unfathomably taken by surprise on October 7, when Hamas had been telegraphing its intention to invade and destroy, a reeling Israeli political and security leadership proved incapable of fully internalizing and preparing effectively to meet the still-wider threat posed by Iran and its proxies. Three hundred and thirteen days later, the absence of a strategy is beyond unforgivable. It’s potentially suicidal.

end

IRAN/ISRAEL /USA ETC

looks like Iran is delaying their attack!

(Jerusalem Post)

Iran seems to reconsider retaliation strategy, economic risks amid cyberattacks – expert

Professor Uzi Rabi discussed Iran’s hesitation to retaliate following Haniyeh’s death, the impact of recent cyber attacks, and Hezbollah’s role.

By 103FM VIA MAARIV ONLINEAUGUST 15, 2024 09:51Updated: AUGUST 15, 2024 17:47

Iranians carry a model of a missile during a celebration following the IRGC attack on Israel, in Tehran, Iran, April 15, 2024. (photo credit: MAJID ASGARIPOUR/WANA (WEST ASIA NEWS AGENCY) VIA REUTERS) — Iranians carry a model of a missile during a celebration following the IRGC attack on Israel, in Tehran, Iran, April 15, 2024.(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%2Fmiddle-east%2Firan-news%2Farticle-814829&unitId=2900003088&userId=0984023a-6fcf-4b29-a5e6-1be85cfd6d0a&isLegacyBrowser=false&isPartitioningSupport=1&version=20240815_fec3147aa24fc1c3984fc22c5b4290a50465133c&useBunnyCDN=0&themeId=140&unitType=tts-player

Tehran is reconsidering its approach to retaliation against Israel following Ismail Haniyeh’s assassination, Professor Uzi Rabi, head of the Moshe Dayan Center for Middle Eastern and African Studies at Tel Aviv University, explained to Nissim Mashal and Liat Ron in an interview on 103FM on Thursday morning.

“There is ongoing deliberation in Tehran. If we go back to the day after Haniyeh was eliminated, they spoke of revenge at the highest level. However, as days pass, it seems that Iran is having second thoughts, mainly due to the American buildup in the Middle East,” Rabi said.

“Currently, Iran even sees a chance in the Doha negotiations to gain more by seemingly delaying or suspending their response. The Iranians are essentially on a path of lowering expectations. A total war, which could ultimately be chaotic, could create severe problems for them with a faltering economy and potentially collapse it, as well as threats to the regime itself,” Rabi added.

Iran's Supreme Leader Ayatollah Ali Khamenei waves before voting in the country's presidential election, in Tehran, Iran July 5, 2024. (credit: VIA REUTERS) — Iran’s Supreme Leader Ayatollah Ali Khamenei waves before voting in the country’s presidential election, in Tehran, Iran July 5, 2024. (credit: VIA REUTERS)

“It’s important to remember that the populace is a potential enemy in such oppressive and dictatorial regimes. The regime perceives any unrest of this kind as something that could incite the already discontented population.”

Economic fallout

He addressed the cyber attack that struck Iran on Wednesday: “The cyber issue is a kind of warning, indicating what could happen if certain actions are taken. We’re discussing a country with power outages, water problems, and basic needs. If an attack targets the oil regions in Iran, it could be a blow from which they cannot recover economically. This is a very pragmatic and ruthless regime.”

Finally, Rabi addressed the issue of Iran working in tandem with Hezbollah.

“I don’t think the two will act together, and that needs to be taken into account. If Hezbollah responds too harshly, I hope that Israel will do what it needs to do and start responding with deep strikes on Lebanon’s civilian infrastructure. Then, France and everyone will be involved, and they’ll understand that as long as Hezbollah exists, it’s a problem. Israel needs to be more ruthless to shorten the process as it is entering a never-ending situation. We understand that they are under significant pressure and need to tailor a response that fits all the constraints. We need to recognize their difficulties and act accordingly. The American buildup is defensive,” Rabi concluded.

SYRIA/USA/IRAQ

Pentagon Belatedly Reveals 8 US Troops Were Wounded In Syria Attack Last Week

Wednesday, Aug 14, 2024 – 04:40 PM

Since last fall US forces have recorded over 100 rocket and drone attacks on their positions in Iraq and Syria by Iran-aligned militias or Syrian national militias, depending on the side of the border. While most of the time these incidents pass without casualties, some observers have long suspected the Pentagon attempts to keep the number of wounded or injured US personnel from these attacks under wraps.

The Pentagon belatedly revealed Tuesday that a total of eight US troops were wounded in a drone attack that struck a US base in northeast Syria last Friday. Spokesman Brig. Gen. Pat Ryder said that all eight were treated for traumatic brain injuries – the common term for potential head injuries when a person is too near a blast – as well as smoke inhalation.

“Three of those service members have returned to duty while the others remain under observation,” told a press breifing. “According to CENTCOM (US Central Command), none of the injuries are life-threatening.”

It happened at Rumalyn Landing Zone, which is in Hasaka in northeast Syria – for years subject of the US military occupation. While over the weekend the Pentagon acknowledged the attack, saying their were minor injuries, it had withheld details as well as to the number of troops injured.

These attacks have been on the rise of late, as ABC News details:

Since Oct. 18, there have been close to 170 attacks taking place on a nearly daily basis as Iranian-backed militia groups target U.S bases in Iraq and Syria, supposedly in retaliation for the Israel-Hamas war.

Those attacks largely stopped after Feb. 4 following large-scale U.S. airstrikes in Iraq and Syria and a drone strike that killed a top-level leader of the Kataib Hezbollah militia group that the U.S. held responsible for the attacks.

Since the July 31st Israeli killing of Hamas leader Ismail Haniyeh in Tehran, the region has been on edge in expectation of a major Iranian retaliation on Israel. This has put American troops occupying easter Syria in harm’s way, leading many to question what the Pentagon is still doing there.

The Pentagon and mainstream media have meanwhile dusted off the ole ‘counter ISIS’ mission rationale…

“In a little-publicized campaign, American aircraft conduct airstrikes and provide live aerial surveillance to SDF ground forces who conduct raids on suspected Islamic State cells,” WSJ wrote this week. “While they usually stay a safe distance from the fighting, elite U.S. troops sometimes conduct missions on their own to kill or capture senior Islamic State leaders.”

This is a recipe for seeking to keep US troops there as part of yet another post-911 era ‘forever war’ which has no specific and definable aims.

WSJ wrote further that “Islamic State’s latest comeback effort represents a different challenge than the one it posed in its heyday, when hundreds of militants would charge through isolated villages and crowded cities in tanks and pickup trucks mounted with machine guns. Now the group operates in smaller cells armed with rifles and booby traps.”

Of course, no one ever asks anymore how the Islamic State got to Syria in the first place, in the context of the Western allies and Gulf axis drive to overthrow Assad.

end

Gaza ceasefire, hostage deal could hinge on IDF exiting Philadelphi Corridor – analysis

Israel has purportedly hinted or explicitly told mediators it would be willing to withdraw from the all-important Philadelphi Corridor in Rafah.

By YONAH JEREMY BOBAUGUST 15, 2024 18:41Updated: AUGUST 15, 2024 20:34

The IDF finds a large, three meter high tunnel near the Philadelphi Corridor. August 4, 2024. (photo credit: IDF SPOKESPERSON'S UNIT) — The IDF finds a large, three meter high tunnel near the Philadelphi Corridor. August 4, 2024.(photo credit: IDF SPOKESPERSON’S UNIT)

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Farab-israeli-conflict%2Farticle-814932&unitId=2900003088&userId=fc1f54a9-182e-48c4-af1c-0ddd1497d1d7&isLegacyBrowser=false&isPartitioningSupport=1&version=20240815_fec3147aa24fc1c3984fc22c5b4290a50465133c&useBunnyCDN=0&themeId=140&unitType=tts-player

According to multiple top sources, Israel has purportedly hinted or explicitly told Hamas, the US, Qatar, and Egypt several times in the last three months that it would be willing to withdraw from the all-important Philadelphi Corridor in Rafah, Gaza, to get back Israeli hostages from Hamas.

Various media have leaked that Defense Minister Yoav Gallant, the IDF high command, Mossad Director David Barnea, Shin Bet Director Ronen Bar, and IDF Maj.-Gen. and hostage recovery coordinator Nitzan Alon, at least as of July, had already favored making such a concession, including an extended broad ceasefire, to bring back the hostages.

Yet, every time a narrative starts to take hold in the media that Israel has conceded this point, Prime Minister Benjamin Netanyahu goes public with his unequivocal rejection of such a concession.

No anonymous leaks or round-about private statements behind closed doors, but clear public dismissals.How can this whiplash be explained?

View of the Philadelphi Corridor between the southern Gaza Strip and Egypt, on July 15, 2024. (credit: Oren Cohen/Flash90)

First of all, sources told The Jerusalem Post over time that positions on these issues have evolved.

When the IDF first took control of the Philadelphi Corridor in Rafah in early and mid-May, no one was excited about giving it up.

At the time, there were at least two major reasons: to prevent Hamas from having any future capability to rearm itself via cross-border smuggling from Egypt and, more pressingly, to have enough time to destroy the existing smuggling tunnels.

In late June, shafts connected to cross-border tunnels in the Philadelphi Corridor in Rafah showed clearly that the military was not even close to discovering the full scope of Hamas’s byzantine tunnel maze in the area.

Officers told the Post at the time that it could take six months to get a full handle on the situation and possibly years to destroy all of the Hamas tunnels in Rafah.

On Thursday, the IDF announced the destruction of 50 sections of tunnels, following previous similar announcements.

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These are already significant accomplishments that substantially reduce what Hamas could smuggle into Gaza from Egypt if the IDF withdrew from the area for 40-60 days, as would be anticipated in Phase I of the proposed hostage deal and Gaza ceasefire.

So, in only three months, Israel has started to significantly solve the existing problem and set Hamas back regarding its future smuggling potential, at least if the IDF withdrew only for a period of months.

This means that if some officials were willing to talk theoretically with Egypt and Qatar in May about how to set up technological surveillance of the Philadelphi Corridor, of which Israel would maintain control, many of these same officials were ready to execute the plan by July.

It is less clear what Netanyahu’s intentions are or were.

Sources have said that Netanyahu seems to have given them a mandate to show flexibility on the Philadelphi Corridor issue as long as negotiators preserved Israel’s right to resume attacking Hamas after Phase I.

Meaning, as long as Israel could theoretically resume attacking Hamas after getting 20-30 hostages over 40-60 days, Netanyahu implied to Israeli officials that using technology for defense on the Corridor instead of boots on the ground would be an option for a few months and maybe longer.

However, every time Finance Minister Bezalel Smotrich (Religious Zionist Party) and National Security Minister Itamar Ben-Gvir (Otzma Yehudit) smelled that Netanyahu might agree to a ceasefire and preemptively attacked him for it, he seemed to quickly come out with a statement denying any flexibility on the Philadelphi Corridor, along with some other issues.

What is Netanyahu’s true position? That is a fascinating – and possibly unsolvable – question; he may have not decided yet.

Down to the wire, as of early July 2020, many of Netanyahu’s enemies and supporters were convinced that he would annex part of the West Bank.

Instead, he stunned the world by rolling out a secret series of normalization deals with Arab and Muslim countries in August 2020, known as the Abraham Accords.

There are plenty of examples in the other direction, such as when Netanyahu’s enemies and supporters expected him to make pro-diplomacy moves but, at the last second, he went in the opposite direction.

He may also have wanted to have used Israeli negotiators to float trial balloons to lure out Hamas to make concessions, such as allowing Israel to return to the attack after Phase I.

BY JULY, something may have changed.

All the officials became convinced that time was running out to save the hostages and that enough tunnels were destroyed to set Hamas back – at least for a temporary period of months, to allow Phase I of the ceasefire hostage deal to go through, and some started going public about their frustration with Netanyahu.

This led to a critical turning point: Netanyahu called the shots and could have fired or sidelined any of them, but he chose not to.

Once he did not even sideline any of them, despite their public support for concessions on the Philadelphi Corridor and other issues, it is possible that some defense officials felt freer to seek to close a deal, including putting forth offers to concede on the Philadelphi Corridor, even notwithstanding some of Netanyahu’s objections.

Waiting on Netanyahu’s answer

According to some reports, Netanyahu would have fired Gallant if not for concern that it would harm his relations with the US at a critical moment, given that Biden administration officials trust Gallant far more than the prime minister.

What if some Israeli officials are helping close a potential hostage and ceasefire deal beyond some of Netanyahu’s limits, counting on the idea that CIA Director Bill Burns or Biden himself will later read the riot act to Netanyahu if he does not accept?

Until now, the US has blamed negotiation failures on Hamas, but what if they threaten to blame it on Netanyahu?Some of these wild scenarios could explain some of the whiplash that observers, who are trying to judge what “Israel’s” position is on the Philadelphi Corridor, may be experiencing – with the idea that there is no longer only one Israeli position.

Whether that will lead to a deal is anyone’s guess.

end

RUSSIA/UKRAINE/USA

Putin is really putting it to the USA for their stupid “Russiagate etc” The have sentenced ballerina to 12 years for a donation to Ukraine for the huge sum of 50$. The crime treason!

Another American Given 12-Year Prison Sentence In Russia

Thursday, Aug 15, 2024 – 11:25 AM

More Americans have been locked up in Russian this week. First, a Moscow court issued a 15-day sentence to a US citizen traveling in the country on charges of petty hooliganism. The man, identified as Joseph Tater, was detained on August 12. TASS described that he had “behaved aggressively” towards a police officer while checking into a Moscow hotel with incorrect documents.

But the much more serious case involves dual American-Russian citizen Ksenia Karelina, who has just been sentenced to 12 years in prison for “treason” by a Russian court after she donated about $50 to a pro-Ukraine charity. She had been detained last January in the Russian city of Yekaterinburg while visiting family.

The 33-year-old ballet dancer and spa working lives in Los Angeles, but after being apprehended while on the visit to Russia, “The court found Ksenia Karelina guilty of high treason and sentenced her to 12 years’ imprisonment in a general regime colony,” according to a statement of the Sverdlovsk Regional Court.

Prosecutors had initially sought a 15-year jail term after Russia’s FSB charged that the organization she gave to raises money to provide arms to the Ukrainian military.

And it appears she actually made the transaction while living and working in the United States. The BBC details:

Russian human rights activists said while living in the US she had made a single transfer of $51.80 on the first day of Russia’s full-scale invasion of Ukraine on 22 February 2022. The FSB is thought to have discovered the transaction on her phone.

Her lawyer, Mikhail Mushailov, said Karelina had only admitted transferring the money and believed the funds would help victims on both sides. He told Russian media she would appeal against the sentence.

The charity in question is “Razom for Ukraine” and was founded in the US. It says it is focused on disaster relief and providing humanitarian aid in war-ravaged Ukraine.

The formal charges by prosecutors stated “proactively transferring funds to a Ukrainian organization, which the Ukrainian armed forces subsequently used to purchase tactical medicine, equipment, weapons and ammunition,” the Moscow Times reported.

Karelina’s case was actually held in the same court as The Wall Street Journal’s Evan Gershkovich, who was freed in a major prisoner swap deal between Moscow and Washington earlier this month.

There was talk that Karelina might be part of the swap. Her family is frustrated she wasn’t on the swap list, with her boyfriend, professional boxer Chris van Heerden telling news outlets, “There was a prisoner swap two weeks ago, and Ksenia was not on that list.” He said, “Ksenia should be home, and I’m angry, and I’m trying to hold my composure.”

RUSSIA/USA

end

RUSSIA/UKRAINE

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

WORLD EVENTS NOTEWORTHY

END

WORLD HEALTH ISSUES

MARK CRISPIN MILLER

In memory of those who “died suddenly” in the United States and worldwide, August 5-August 12, 2024

Musicians: US (4), Brazil (2), UK (2), Austria, Moldova, Ghana, Nigeria, Kenya, Zimbabwe, Pakistan, Nepal, Japan, NZ; “vaxxidents”: US (13), Mexico, Brazil (62), Italy (8), Azerbaijan, NZ (2); & more

Mark Crispin MillerAug 14

READ IN APP

Note: Click on the countries links for this week’s compilations of those who “died suddenly” (the individual Substacks are too long to email).

United States

Canada

Mexico, Dominican Republic, Haiti, Colombia and Brazil

Mexico:

Brazil:

News from Underground by Mark Crispin Miller is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

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Acidente entre dois ônibus deixa um morto em rodovia de Piracicaba — Foto: Heitor Moreira/EPTV

United Kingdom and Ireland

Belgium, Holland, Germany, Austria, Denmark, Poland, Moldova, Croatia, Serbia, Montenegro and Spain

Italy

Ghana, Nigeria, Kenya, Malawi, Zimbabwe, South Africa, Saudi Arabia, Azerbaijan and Russia

India, Pakistan, Kazakhstan, Nepal, Japan, Indonesia, Australia and New Zealand

DR PAUL ALEXANDER

SLAY NEWS

LATEST REPORTS FOR NEWS JUNKIES8 Turbo Cancer Doctors Killed in Plane Crash Were Traveling to Warn Public about ‘Bombshell’ Discovery Eight out of the 68 people who died board the plane that mysteriously dropped out of the sky in Brazil last week were turbo cancer doctors who were traveling to a major vaccine conference to warn the public about a “bombshell” discovery they had just made.READ THE FULL REPORT Kamala Harris Opens the Citizenship Floodgates in Last Ditch Effort to Swing the Election As a critical election approaches, the addition of a large number of new voters could potentially influence electoral outcomes, particularly in closely contested regions.READ THE FULL REPORT NEW: Video Shows Tim Walz Calling Hitler-Praising Muslim Cleric a ‘Master Teacher’A resurfaced video depicts vice presidential nominee and Democratic Minnesota Gov. Tim Walz praising a Hitler-promoting Muslim cleric as a “master teacher,” after his campaign denied that they had a “personal” relationship.READ THE FULL REPORT UAW Files Federal Labor Complaint Against Donald Trump for Comment on Elon Musk’s Spaces The United Auto Workers union has filed an unfair labor practice complaint against former President Donald Trump and billionaire Elon Musk, arguing that the two men illegally intimidated workers in a Spaces conversation on X.READ THE FULL REPORT FBI Investigating Alleged Foreign-Based Hack of Trump Campaign The FBI is investigating an alleged hack of Donald Trump’s 2024 campaign, drawing attention to potential foreign interference in the upcoming U.S. presidential election.READ THE FULL REPORT VIEW MORE NEWS

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

7.OIL PRICES/GAS PRICES/OIL ISSUES

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

VENEZUELA

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

EURO VS USA DOLLAR: 1.1012 UP 0.0001

USA/ YEN 147.28 DOWN 0.0010 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 1.2858 UP 0.0033

USA/CAN DOLLAR: 1.3708 DOWN .0008 (CDN DOLLAR UP 8 BASIS PTS)

Last night Shanghai COMPOSITE CLOSED UP 26.70 PTS OR 0.94%

Hang Seng CLOSED DOWN 4.22 PTS OR 0.02%

AUSTRALIA CLOSED UP 0.17%

// EUROPEAN BOURSE: ALL GREEN

Trading from Europe and ASIA

I) EUROPEAN BOURSES: ALL GREEN

2/ CHINESE BOURSES / :Hang SENG CLOSED DOWN 4.22 PTS OR 0.02 %

/SHANGHAI CLOSED UP 26.70 PTS OR 0.94%

AUSTRALIA BOURSE CLOSED UP 0.17%

(Nikkei (Japan) CLOSED UP 284.21 PTS OR 0.78%

INDIA’S SENSEX IN THE GREEN

Gold very early morning trading: 2459.35

silver:$28.10

USA dollar index early THURSDAY morning: 102.41 UP 3 BASIS POINTS FROM WEDNESDAY’s CLOSE.

THURSDAY MORNING NUMBERS ENDS

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And now your closing THURSDAY NUMBERS 1: 30 AM

Portuguese 10 year bond yield: 2.861% UP 7 in basis point(s) yield

JAPANESE BOND YIELD: +0.843% UP 2 AND 2/ 100 BASIS POINTS /JAPAN losing control of its yield curve/

SPANISH 10 YR BOND YIELD: 3.083 UP 7 in basis points yield

ITALIAN 10 YR BOND YIELD 3.625 UP 11 points in basis points yield ./ THE ECB IS QE’ ING ITALIAN BONDS (BUYING ITALIAN BONDS/SELLING GERMAN BUNDS)

GERMAN 10 YR BOND YIELD: 2.2515 UP 8 BASIS PTS

END

IMPORTANT CURRENCY CLOSES FOR THURSDAY

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

Euro/USA 1.0969 DOWN .0042 OR 42 basis points

USA/Japan: 149.08 UP 1.878 OR YEN IS DOWN 188 BASIS PTS

Great Britain 10 YR RATE 3.958 UP 11 BASIS POINTS //

Canadian dollar UP .0005 OR 5 BASIS pts to 1.3712

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The USA/Yuan, CNY ON SHORE CLOSED DOWN AT 7.1760 (ON SHORE)

THE USA/YUAN OFFSHORE: (YUAN CLOSED (DOWN)…. (7.1789)

TURKISH LIRA: 33.62 EXTREMELY DANGEROUS LEVEL/DEATH WATCH/HYPERINFLATION TO BEGIN.//ON DEATH WATCH

the 10 yr Japanese bond yield at +0.843

Your closing 10 yr US bond yield UP 13 in basis points from WEDNESDAY at 3.953% //trading well ABOVE the resistance level of 2.27-2.32%)

USA 30 yr bond yield 4.211 UP 10 in basis points /12.00 PM

USA 2 YR BOND YIELD: 4.089 UP 15 BASIS PTS.

GOLD AT 11;00 AM 2445.50

SILVER AT 11;00: 28.16

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

London: CLOSED UP 66.30PTS OR 0.80%

German Dax : CLOSED UP 294,64 PTS OR 1.66%

Paris CAC CLOSED UP 90.01 PTS OR 1.23%

Spain IBEX CLOSED UP 132,60 OR 1,23%

Italian MIB: CLOSED

WTI Oil price 78.06 12EST/

Brent Oil: 80.85 12:00 EST

USA /RUSSIAN ROUBLE /// AT: 89.38 ROUBLE UP 0 AND 43/100

GERMAN 10 YR BOND YIELD; +2.2525 UP 8 BASIS PTS.

UK 10 YR YIELD: 3.958 UP 13 BASIS POINTS

CDN 10 YEAR RATE: 3.107 UP 8 BASIS PTS.

CLOSING NUMBERS: 4 PM

Euro vs USA 1.0979 DOWN 0.0033 OR 33 BASIS POINTS

British Pound: 1.2861 UP 0.0037 OR 37 basis pts

BRITISH 10 YR GILT BOND YIELD: 3.9565UP 9 BASIS PTS//

JAPAN 10 YR YIELD: 0.845

USA dollar vs Japanese Yen: 148.98UP 1,705 YEN DOWN 171 BASIS PTS//

USA dollar vs Canadian dollar: 1.3725 UP 0.0008//CDN dollar DOWN 8 BASIS PTS

West Texas intermediate oil: 77.94

Brent OIL: 80.79

USA 10 yr bond yield UP 8 BASIS pts to 3.928

USA 30 yr bond yield UP 5 BASIS PTS to 4.179%

USA 2 YR BOND: UP 15PTS AT 4.097

CDN 10 YR RATE 3.092 UP 5 BASIS PTS

USA dollar index: 102.81 UP 2 BASIS POINTS

USA DOLLAR VS TURKISH LIRA: 33.62 GETTING QUITE CLOSE TO BLOWING UP/

USA DOLLAR VS RUSSIA//// ROUBLE: 88,88 UP 0 AND 91/100 roubles

GOLD 2,461.20 3:30 PM

SILVER: 28.42 3;30 PM

DOW JONES INDUSTRIAL AVERAGE: UP 554.67 PTS OR 1.67%

NASDAQ UP 467.47 PTS OR 2.46 %

VOLATILITY INDEX: 15.23 DOWN 0.96 PTS OR 5.93%

GLD: $226.71 up 0.71 OR 0.31%

SLV/ $25.86 up 0.73 OR 2.90%

end

USA AFFAIRS

TODAY’S TRADING IN GRAPH FORM

Stocks Soar, Bonds & Bitcoin Battered On ‘Fake’ Data As VIX Plunges At Record Pace

Thursday, Aug 15, 2024 – 04:00 PM

…no, Goldilocks is not back!

Retail Sales soared in August… thanks to massive historical revisions and a surge in Auto sales… but Auto production crashed by the most since COVID lockdowns (lowering GDP expectations)… and homebuilder sentiment slumped… and the Philly Fed business outlook plunged… and the Empire Fed Manufacturing survey remains in contraction for the 9th straight month… and import and export price inflation was hotter than expected… all of which sent the macro surprise index down to 2024 lows…

Source: Bloomberg

Here’s Goldman’s Chris Hussey on the ‘mixed data’:

The weak-to-mixed reading of these prints continue to show the unreliability of surveys in the post pandemic era. And investors continue to look through them as they have been consistently weaker than the hard data – and consistently misleading – since 2020.

…but all the algos cared about was the “beat” in retail sales confirming that the ‘soft landing’ narrative is back (except it’s not), and WMT beating and raising (except consensus was already above their revision) reassuring that the consumer is not in shitsville (except they are because they are trading down to WMT!).

Nevertheless, stocks soared higher with Small Caps leading the charge along with Nasdaq as The Dow lagged (but was still up bigly). Some late day profit-taking spoiled the party but overall, it was a big day…

The Dow is on pace for its best week since Dec 2023… and Nasdaq’s best week since November’s Powell Pivot

…withd VIX plunging lower…

…at its fastest/largest pace of decline ever…

Bear in mind that historically, when the VIX has risen to close above 35, as it did on Aug. 5, the index has taken 170 sessions on average before returning to 17.6, its long-term median… not 7 days!

We do note that as the day wore on, VIX shifted back higher as calls were aggressively bid (and puts dumped), crushing the skew…

Source: Bloomberg

While VIX has tumbled, we note that VVIX remains above the scary 100 level still as the market is not fully buying that the panic is over…

Source: Bloomberg

And we also note that implied correlation has collapsed too – which shows that this vol compression is all systemic (index) and not idiosyncratic (single-name) driven…

Source: Bloomberg

Small Caps were lifted by another big short-squeeze…

Goldman – Summer volumes remain challenging (-10% vs 20day avg)… Seeing squeezy px action across the board on this melt higher

Source: Bloomberg

…and Nasdaq surged on the back of an aggressive bid for Mag7 stocks (the basket of Mag7 stocks is up 6 straight days)…

Source: Bloomberg

Here’s how Goldman’s trading desk describes the day’s narrative:

Stocks higher on the back of bullish earnings from WMT, DE, and CSCO and favorable macro data on the growth front (retail sales & weekly claims). EVERYTHING rally with all baskets on our screens green on the day.

Volumes were lower (-10% vs the trailing 20 days but tracking higher compared to the start of the week). Also seeing S&P top of book liquidity start to creep back to better levels after recent weakness (sitting around $10mm today).

Our floor is skewed 3% better to buy today which feels like a combo of squeezy price action + decent buy tickets across large cap tech. HFs buying consumer vs selling Tech, Industrials, and Fins.

Notably, 0-DTE traders turned decidedly less positive as the day wore on…

Source: SpotGamma

The ‘good’ data (retail sales) prompted a significant drop in rate-cut expectations – erasing all the dovish shoft post-payrolls…

Source: Bloomberg

Bonds were battered on the day (2Y +15bps, 30Y +6bps), surging up to unchanged on the week…

Source: Bloomberg

The yield curve flattened significantly today – erasing all the post-payrolls steepening…

Source: Bloomberg

The dollar spiked on the hawkish retail sales data…

Source: Bloomberg

Gold puked on the Retail Sales print but recovered to end higher on the day (despite a strong dollar)

Source: Bloomberg

Bitcoin was clubbed like a baby seal again, back below $57,000 (as it seems someone is dumping crypto at $60,000 to chase what little momentum is left in stonks)…

Source: Bloomberg

Crude oil prices recovered yesterday’s losses with WTI back up to $78…

Source: Bloomberg

Finally, while stocks are soaring back higher (because ‘no recession’ and ‘slow-flation’ – goldilocks), bonds and rate-cut expectations are not playing along (flashing recessionary signals)…

Source: Bloomberg

Who will be right in the end (hint look at the first chart above on US macro data).

AFTERNOON TRADING///

II USA DATA

Retail sales beat thanks to another massive downward revision in the previous month

(zerohedge)

US Retail Sales “Beat” Thanks To Yet Another Massive Downward Revision

THURSDAY, AUG 15, 2024 – 08:39 AM

For once, consensus is in line with BofA’s omnipotent forecast for retails today (July data) with an expectation of a 0.4% MoM rise in nominal spending. They were both wrong… as retail sales shot up 1.0% MoM – well above the highest forecast.

That is the biggest MoM rise since Jan 2023 – so to hell with your soft landing narrative, right…

Source: Bloomberg

Under the hood, almost everything saw spending surge (except Sporting goods and book stores)

…with a giant swing in Auto sales…

The non-seasonally-adjusted sales bounced massively…

Back to the big picture, this is the biggest MoM rise since Jan 2023 – so to hell with your soft landing narrative, right…

BUT… and it’s another big but…

…for the eighth month in the last year, the previous month’s data was revised lower..

Source: Bloomberg

…thus making the current month ‘beat’ more impressive.

Who could have seen that coming?

So in addition to the July print, significant revisions in either direction could alter the trajectory of retail sales, and if past is prologue, last month’s retail sales print will be revised lower in keeping with the original forecast. But since algos only react to the here and now, a big jump from a sharply downward revised previous number will be viewed much more favorably than a modest drop from an unrevised prior month, even if they both end up at the same place.

You just can’t make this shit up – Kamalanomics is simply govt-manipulated data of historic data to make the current data look more favorable.

Will this manipulation ever end? (We suspect it will in November if the ‘right’ person doesn’t save democracy).

end

Can The Fed Defend Cutting Rates With NSA Jobless Claims Near Record Lows?

THURSDAY, AUG 15, 2024 – 09:10 AM

The ongoing normalization of jobless claims in Texas – post Hurricane Beryl…

Source: Bloomberg

…has pulled initial jobless claims down dramatically. On a non-seasonally-adjusted basis, initial claims are basically at multi-decade lows…

Source: Bloomberg

Continuing claims inched lower but remain above the 1.8mm Maginot Line…

Source: Bloomberg

How will The Fed defend rate-cuts with jobless claims (if you can believe them) near record lows?

END

Homebuilder Sentiment Slumps To 2024 Low, Homebuyer Sentiment At Record Low

THURSDAY, AUG 15, 2024 – 10:15 AM

Every time we discuss homebuilder sentiment we can’t help but be reminded of Upton Sinclair’s infamous quote:

“It is difficult to get a man to understand something when his salary depends upon his not understanding it.”

But maybe the truth is too hard to ignore now?

NAHB homebuilder sentiment slumped in August to 39 (well below expectations of a rise from prior 41 to 43 – and below the lowest estimate), back near COVID-Lockdown lows…

Source: Bloomberg

The data indicate downbeat views on present conditions, but (of course, remember Sinclair’s quote above) a more optimistic take on the outlook.

Measures of prospective-buyer traffic and of present sales both fell to new low points for 2024, while a gauge of sales expectations for the next six months climbed 1 point to 49.

Source: Bloomberg

That may reflect expectations that mortgage rates are set to fall, NAHB Chief Economist Robert Dietz said in a prepared statement.

“With current inflation data pointing to interest rate cuts from the Federal Reserve and mortgage rates down markedly in the second week of August, buyer interest and builder sentiment should improve in the months ahead,” Dietz said.

The picture is ugly for sure.

This month, 33% of builders reported cutting prices, higher than the 31% who did so in July and the highest this year, according to NAHB.

The average price reduction remained at 6% for the 14th month.

The share of builders reporting using sales incentives, at 64%, was the highest since April 2019.

Finally, we wonder just how far this catch-down for homebuilder sentiment will go…

Source: Bloomberg

…with homebuyer sentiment at record lows.

III USA ECONOMIC COMMENTARIES

Kamal’s plan: price controls!

(zerohedge)

“It’s Communism”: Kamala’s First Economic Plan Proposes Price Controls To “Combat Inflation”

Thursday, Aug 15, 2024 – 07:45 AM

After the unoriginal Vice President Kamala Harris stole former President Trump’s proposed ‘no tax on tips’ policy, she’s at it again with yet another recycled idea. This time, she’s echoing President Biden’s actions and rhetoric to crack down on sky-high food prices by proposing the first-ever federal ban on “corporate price-gouging in the food and grocery industries”—a move that reeks of socialism.

“There’s a big difference between fair pricing in competitive markets, and excessive prices unrelated to the costs of doing business,” the Harris campaign wrote in a statement, adding, “Americans can see that difference in their grocery bills.”

News: Harris to propose “federal ban on corporate price-gouging” on groceries and “impose stiff penalties in the food industry,” campaign announces.

10:27 PM · Aug 14, 2024

1.1M Views

News: Harris to propose “federal ban on corporate price-gouging” on groceries and “impose stiff penalties in the food industry,” campaign announces.
— Philip Melanchthon Wegmann (@PhilipWegmann) August 15, 2024

The Harris campaign said the vice president will unveil the new federal proposed ban on Friday at a campaign rally in the battleground state of North Carolina as part of a broader economic policy platform. The proposal will ensure food companies can’t exploit consumers to increase profits, according to CBS News, citing Harris-Walz campaign officials.

Harris’ policy speech will also call on the Federal Trade Commission and state attorneys to examine corporations violating price-fixing rules. Her remarks are expected to echo Biden’s actions and rhetoric, especially with his war against meat processing companies that he alleges are responsible for higher burger prices at the supermarket.

VP Harris’ campaign argues that lowering Americans’ costs is a function of socialist-style price controls. Yet this is the quickest way to understand that Harris’ economic team has no actual understanding of inflation.

Here comes the real Kamalanomics: price controls To follow: mile-long lines for food, meat coupons, shortages, food black market.

Quote

Philip Melanchthon Wegmann

@PhilipWegmann

Replying to @PhilipWegmann

Harris will propose, what her campaign bills as “the first-ever federal ban on price gouging on food and groceries—setting clear rules of the road to make clear that big corporations can’t unfairly exploit consumers to run up excessive corporate profits on food and groceries.”

10:36 PM · Aug 14, 2024

300.1K View

Here comes the real Kamalanomics: price controls

To follow: mile-long lines for food, meat coupons, shortages, food black market. https://t.co/EGx0dQMhxY
— zerohedge (@zerohedge) August 15, 2024

Heritage Foundation’s EJ Antoni explained, “Here’s your “price gouging” narrative: average costs paid by businesses have risen just as much as costs charged to consumers – if businesses are being “greedy,” they’re doing it all wrong…”

Here’s your “price gouging” narrative: average costs paid by businesses have risen just as much as costs charged to consumers – if businesses are being “greedy,” they’re doing it all wrong…

8:42 AM · Aug 14, 2024

41K Views

Here's your "price gouging" narrative: average costs paid by businesses have risen just as much as costs charged to consumers – if businesses are being "greedy," they're doing it all wrong… pic.twitter.com/ALiw72MXSf
— E.J. Antoni, Ph.D. (@RealEJAntoni) August 14, 2024

Instead of curbing out-of-control government spending, which debt rises $1 trillion every 100 days, and understanding that monetary inflation driven by the Federal Reserve’s money creation is the root cause of inflation, Harris deflects the actual problem: The Fed. She instead goes after big corporations for ‘illegal price gouging.’

Here’s a snippet of Money Metals Midweek Memo’s Mike Maharrey commenting on Harris’ proposed price-fixing ban on big food companies:

The second “dumb” idea Maharrey discussed came from Vice President Kamala Harris, who was recently asked about her plan to combat inflation. Maharrey criticized her response, which he described as “word salad,” pointing out that she merely acknowledged the problem without offering any concrete solutions. Instead, she promised to take on “big corporations” engaging in “illegal price gouging,” corporate landlords, and big pharma.

Maharrey argued that Harris’s approach misses the root cause of inflation, which is monetary inflation driven by the Federal Reserve’s money creation. He cited the July budget deficit data, revealing that the Biden administration spent another $574 billion in just one month, running a $243 billion deficit. Maharrey emphasized that inflation is not caused by corporate greed but by the government’s excessive spending and borrowing.

“Price inflation is a symptom of monetary inflation, which has everything to do with money creation by the Federal Reserve,” Maharrey explained. He warned that Harris’s proposed policies, including price controls, would likely lead to shortages and exacerbate the problem rather than solve it.

Here’s what X users are saying. see zero hedge

Nothing to see here…

Kamalanomics = ‘communist economics’ as some X users describe…

* * *

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

THEY ARE TOTALLY NUTS TO AGREE WITH THIS GARBAGE

(zerohedge)

Cambridge To Fully Fund Palestinian Scholars, Students In Deal To End Occupation

Thursday, Aug 15, 2024 – 12:45 PM

Authored by Dominic Vogelbacher via The College Fix,

University of Cambridge leaders have agreed to a list of concessions to convince pro-Palestinian demonstrators to end a three-month-old encampment set up at a high-profile zone along the prestigious British institution, including a pledge to fully fund Palestinian scholars and students.

The student organization Cambridge for Palestine has occupied King’s Parade with a large encampment since May 6. King’s Parade is a highly touristic area with massive foot traffic in front of the historic King’s College gates and chapel, built in 1446. On the other side of the street is the Corpus Clock, one of Cambridge’s famous tourist attractions.

To end the occupation, the university recently committed to giving Palestinians undergraduate and postgraduate scholarships, fully funded residential placements for visiting doctoral students and academics, clinical placements for med students, and grants for researchers from Palestinian regions.

“In addition, the Institute for Continuing Education has recently offered places to Palestinian students to attend the University of Cambridge’s International Summer Programme free of charge,” the university stated in its Aug. 1 announcement.

Cambridge also pledged to submit its full application next month to become a so-called University of Sanctuary.

“We share the horror of our students at the loss of life, and the appalling destruction of education institutions and infrastructure in Gaza,” the university stated.

“We are … committing our own networks and resources to ensure that these processes reflect the needs of the Palestinian people.”

The encampment included about 30 tents and pavilions, with large banners placed on King’s College and signs lining the sidewalk. The banners displayed slogans such as “Cambridge Jews For Justice in Palestine” and “Money for Education, Not War + Occupation.” Several posters featured lists of demands and community guidelines.

The community guidelines board included a no-tolerance policy for Islamophobia, ableism, transphobia, racism, and misogyny, as well as the slogan: “From the river to the sea, Palestine will be free.” The sign also asserted that both Britain and Cambridge University are not simply complicit, but “knowing benefactors and partners in the genocide.”

The group initially stated it would not end the encampment until Cambridge agreed to divest all of its business ties with pro-Israel companies and invest in Palestinian students, academics, and causes — including becoming a University of Sanctuary.

The student activists argued in statements that some companies Cambridge invests in are “complicit in the ongoing ethnic cleansing of Palestine,” including Barclays, Lockheed Martin, Boeing, General Dynamics, Caterpillar, and Rolls Royce.

On June 8, over a month after the encampment was formed, the university created a Humanitarian Response Fund and allocated $128,000 in initial funding to help students affected by the “conflict or crisis.”

On Aug. 1, Cambridge University announced its concessions, noting campus leaders “have agreed to explore” the demands to change university policy, but the proposed actions are “contingent on the encampment closing down.”

The proposed actions include reviewing their “approach to responsible investment” and “academic and industry research ties and collaborations including those falling within the arms/defense category.”

Campus leaders have invited a proposed student task force to join the “working group” that will “make recommendations to subsequent meetings of… governance committees that oversee policies” that are relevant to the students’ demands.

In their Instagram response, Cambridge for Palestine stated while the university’s statement was a “long-overdue step toward building an academic institution that has no ties to genocide,” the commitments are “insufficient.”

The organization wants a “comprehensive disclosure and divestment effort” and is “appalled” that the word “genocide” was not used in the statement.

In the same post, Cambridge for Palestine stated the encampment on King’s Parade is slated to close sometime in mid-August. However, they are planning a “Concrete Camp Project” that will be a “permanent physical space for Palestinian liberation organizing in Cambridge.”

Cambridge for Palestine declined requests from The College Fix seeking comment.

KING REPORT

he King Report August 15, 2024 Issue 7306

Independent View of the News

US July CPI July CPI 0.2% m/m & 2.9% y/y; July CPI 0.2% m/m & 3.0% y/y expected; Core CPI 0.2% m/m & 3.2% y/y; Core CPI 0.2% m/m & 3.2% y/y expected.

@RealEJAntoni: Food has never been so expensive – about one quarter of renters had to skip meals in the last year to stay current on their bills; this is a cost-of-living crisis: https://t.co/rO38QeTSIs

@dlacalle_IA: Inflation is not slowing down and certainly does not justify easing or rate cuts. Core CPI remains stubbornly elevated at 3.2% and rose 0.2% in the month. Services inflation at 4.9% (shelter 5.1%) [CPI Table A Percentage Changes at link] https://x.com/dlacalle_IA/status/1823705581162782895

CME Group Interest Rates (@Interest_Rates): Fed Watch: Expectations for 50bp cut in September, which reached as high as 85% on August 5, have fallen below 50% following this week’s inflation data. https://t.co/2yuLBK6re0

The sharp decline in the CME Fed Watch expectations for a 50bp rate cut in September infers that the July CPI Report was not as jiggy as Street shills and fin media cheerleaders proclaim, or the markets expected a better July CPI, or August CPI could tick higher.

The mostly in-line CPI Report (How did the BLS get y/y CPI to fall 0.1 without a commensurate decline in m/m CPI?) and Google’s early 3.9% tumble chilled Weird Wednesday manipulation urges until someone manipulated ESUs sharply higher from 10:35 ET to 12:07 ET.

@jessefelder: ‘The Atlanta Fed’s sticky-price CPI rose 3.2% on an annualized basis in July, following a 2.6% increase in June. On a year-over-year basis, the series is up 4.1%.’ https://www.atlantafed.org/research/inflationproject/stickyprice.aspx

ESUs traded mostly negative but sideways during Asian trading. During early European trading, ESUs traded in a tighter range that vacillated between small gains and losses. ESUs jumped 12 handles on the release of the July CPI Report but quickly tumbled 25 handles seconds later.

Someone then juiced ESUs 25 handles in less than one minute. ESUs then plodded modestly higher until they broke down when the NYSE opened. ESUs tumbled to a daily low of 5438.75 at 10:35 ET.  Someone then manipulated ESUs to a daily high of 5487.75 at 12:07 ET.

Sellers returned; ESUs sank to 5459.00 at 12:25 ET. After an 11-handle jump, ESUs fell to 5455.75 at 12:45 ET. ESUs then plodded higher until they broke lower near 14:00 ET. After a 9-handle drop, ESUs rebounded modestly and meandered higher until the buying for the last hour manipulation began at 14:50 ET. It ended at 15:02 ET after a modest rally. ESUs fell 15 handles to 5466.00 at 15:14 ET. The late manipulation began at 15:39 ET; ESUs hit 5484.75 at 15:58 ET. ESUs sank to 74.50 at 16:00 ET

FT: Eurozone rate cut questioned as German wages soar (5.6% y/y exp.) https://t.co/ED9nLrr9ZF

@AmichaiStein1: Israeli officials: Netanyahu gave a “satisfactory/reasonable” mandate for the current round of talks in Qatar – which will allow progress in the talks tomorrow.

Gasoline sank and oil fell moderately on reports that a Hamas-Israel ceasefire deal is nigh.

Congress opens probe into whether Google search misled Americans on Trump assassination
House Oversight and Accountability Committee Chairman James Comer, R-Ky., revealed that Google told his staff last week that its search engine’s autocomplete feature “omitted the Trump assassination attempt” from relevant searches because the firm failed to update “a safety protocol” against violence…
    “On behalf of the American people, the Committee is dedicated to fully understanding when and how information is being suppressed or modified, whether it be due to technical error, a policy intended to ensure safety, or a specific intent to mislead,” he added…
https://justthenews.com/accountability/congress-opens-probe-whether-google-search-misled-americans-trump-assassination

@CollinRugg: Google blames a “glitch” for how the Harris campaign was able to trick internet users into thinking reputable news sites were giving Kamala favorable reporting. It’s really weird how these “glitches” always seem to benefit the left. Axios released a report revealing how the Harris campaign edited news headlines on search ads to trick Google users into thinking sites like Guardian, Reuters, CBS News and others were giving her favorable reporting.

Positive aspects of previous session
The DJIA rallied robustly.  The relentless manipulation of ESUs continued!
USUs rallied moderately.

Negative aspects of previous session
Google led Fangs lower.
Gasoline, oil, and gold declined.
The DJTA was negative most of the session.

Ambiguous aspects of previous session
Who keeps manipulating ESUs and NQUs?

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

Pivot Point for S&P 500 Index [above/below indicates daily trend to traders]: 54454.75
Previous session S&P 500 Index High/Low: 5463.22; 5415.91

Research suggests Pfizer and Moderna mRNA Covid-19 vaccines might contain nanotech particles.

Real-Time Self-Assembly of Stereomicroscopically Visible Artificial Constructions in Incubated Specimens of mRNA Products Mainly from Pfizer and Moderna: A Comprehensive Longitudinal Study Young Mi Lee, Daniel Broudy Published in International Journal of… 18 July 2024
    Reasonable inferences can be drawn about observed injuries worldwide that have occurred since the injectables were pressed upon billions of individuals. In addition to cellular toxicity, our findings reveal numerous — on the order of 3~4 x 106 per milliliter of the injectable — visible artificial self-assembling entities ranging from about 1 to 100 µm, or greater, of many different shapes. There were animated worm-like entities, discs, chains, spirals, tubes, right-angle structures containing other artificial entities within them, and so forth. All these are exceedingly beyond any expected and acceptable levels of contamination of the COVID-19 injectables, and incubation studies revealed the progressive self-assembly of many artifactual structures. As time progressed during incubation, simple one- and two-dimensional structures over two or three weeks became more complex in shape and size developing into stereoscopically visible entities in three-dimensions. They resembled carbon nanotube filaments, ribbons, and tapes, some appearing as transparent, thin, flat membranes, and others as three-dimensional spirals, and beaded chains. Some of these seemed to appear and then disappear over time. Our observations suggest the presence of some kind of nanotechnology in the COVID-19 injectables.
https://www.semanticscholar.org/paper/Real-Time-Self-Assembly-of-Stereomicroscopically-in-Lee-Broudy/14159a636272202530700414c7e13a4c5daaa2d5

@nypost: Today’s cover: NYC migrant crisis costs will crack eye-popping $5 billion on shelters, security and food — amount could double by 2025 https://trib.al/alpkJvY

AFP: Japanese Prime Minister Fumio Kishida intends to drop out of the race to remain leader of his party, meaning he will step down as premier, local media reported Wednesday https://t.co/XhwL6tQJIw

@Gerashchenko_en: Ukrainian Defenders are using robot dogs from the British company Brit Alliance to detect Russian invaders and explosive objects in Donbas – Bild
    These compact, durable, and maneuverable robot dogs, with a speed of 15 km/h, can access places unreachable by aerial drones, like inside buildings or trenches. Equipped with video cameras, they scout the surroundings, detect booby traps, and track enemy movements. In case these dogs end up in the hands of the Russians, all data can be deleted with one click of a button. Their cost, depending on the modification, ranges from 4 to 8 thousand euros – nothing compared to a human life.

Trump will hold a press conference in Bedminster, New Jersey at 16:30 ET on Thursday.

A new Fox Poll (it usually greatly understates DJT) has Trump 51%, Harris 43% with Independents.
https://x.com/TrumpWarRoom/status/1823843510488850594/photo/1

Here’s why the Fox Poll, and others, are unreliable: It contains leading and prejudicial questions!
    56. Which of the following do you think better describes the level of political debate in the
country today — is it heated but healthy or is it overheated and dangerous? Heated but healthy;
Overheated and dangerous (Depends) (Don’t know)…
[IF OVERHEATED AND DANGEROUS, ±3.5%] (A shot at Trump)
    57. And which political party do you think is more to blame for the debate being overheated
and dangerous? [ROTATE 1-2] (PS – This poll understates Inds. 15%; 43% of US Ind. per Gallup) https://static.foxnews.com/foxnews.com/content/uploads/2024/08/Fox_August-9-12-2024_National_Topline_August-14-Release.pdf
https://news.gallup.com/poll/548459/independent-party-tied-high-democratic-new-low.aspx

According to CNN, Exit Polls in 2020 showed Biden 54%, Trump 41%, each got similar party-line votes.
https://www.cnn.com/election/2020/exit-polls/president/national-results

@JamesBlairUSA: Democrats have lost every election back to 1968 when their nominee polls as bad as Kamala is right now. KH’s margin -5.7 from Hillary 2016. KH’s margin -6.6 from Biden 2020. Worse than Kerry ‘04 & Dukakis ‘88…and a bit worse than Carter ‘80 in mid-August…
https://x.com/JamesBlairUSA/status/1823857054261633081

In 2016, Hillary got 48% of the popular vote and lost. Trump got 45.9%. Heavy concentrations of Dem voters in CA, NY, and IL skew the popular vote. Biden won the popular vote by 4.5% and gained office via 44k votes in GA, AZ, and WI combined. Harris needs to get at least a 4.5% lead to have a chance.

Today – Someone keeps boosting ESUs. Each time there is a meaningful decline, someone quickly appears and jams ESUs higher. It is foolhardy to bet against the manipulator(s) until proven otherwise.

Expected economic data: Aug Empire Mfg. -6.0; July Retail Sales 0.4% m/m, ex-Autos 0.1%, Ex-Autos & Gas 0.2%; Aug Phil Fed Business Outlook 5.0; Initial Jobless Claims 235k, Continuing Claims 1.87m; July Import Prices -0.1% m/m &1.5% y/y, Export Prices 0.0% m/m & 0/1% y/y; Aug NAHB Housing Market Index 43; St. Louis Fed Pres Musalem 9:10 ET, Phil Fed Pres Harker 13:10 ET

NQUs are +24.00; ESUs are +2.75; and USUs are -10/32 at 20:30 ET.

S&P Index 50-day MA: 5455; 100-day MA: 5418; 150-day MA: 5213; 200-day MA: 5050
DJIA 50-day MA: 39,542; 100-day MA: 39,190; 150-day MA: 38,971; 200-day MA: 38,185
(Green is positive slope; Red is negative slope)

S&P 500 Index (5455.11 close) – BBG trading model Trender and MACD for key time frames
Monthly: Trender and MACD are positive – a close below 4983.62 triggers a sell signal
Weekly: Trender and MACD are negative – a close above 5628.97 triggers a buy signal
Daily: Trender and MACD are negative – a close above 5556.67 triggers a buy signal
Hourly: Trender and MACD are positive – a close below 5404.49 triggers a sell signal

NYT: Hunter Biden Sought State Department Help for Ukrainian Company
After President Biden dropped his re-election bid, his administration released records showing that while he was vice president, his son solicited U.S. government assistance…
    Hunter Biden sought assistance from the U.S. government for a potentially lucrative energy project in Italy while his father was vice president, according to newly released records and interviews. The records, which the Biden administration had withheld for years, indicate that Hunter Biden wrote at least one letter to the U.S. ambassador to Italy in 2016 seeking assistance for the Ukrainian gas company Burisma, where he was a board member…
https://www.nytimes.com/2024/08/13/us/politics/hunter-biden-ukrainian-company.html

Hunter Biden retains new lawyer ahead of trial on tax charges after plea talks stall
A plea deal could still allow President Joe Biden’s son to avoid a second trial following his recent conviction on gun-related charges, according to two sources familiar with the talks…
https://www.cnn.com/2024/08/14/politics/hunter-biden-new-lawyer-plea-talks-stall/index.html

Biden harbors lingering frustration (Blatant euphemism!) at Pelosi, Obama, Schumer
Ahead of the convention that’s meant to unify the party, tensions still remain.
    President Joe Biden is frustrated that Barack Obama wouldn’t tell him to his face that he should leave the race. He’s angry with Nancy Pelosi and views her as ruthless for ushering him out the door. And he’s still miffed at the role Chuck Schumer played, too…
    Biden has long thought that Obama’s staff looked down upon him and the president’s aides still bristle when Obama allies like David Axelrod or the Pod Save America cast criticize the incumbent… But Biden’s inner circle believes Pelosi was the decisive voice in pushing him out…
https://www.politico.com/news/2024/08/14/biden-frustration-obama-pelosi-00173883?s=02

Politico is staunchly pro-Dem. You wonder how much sanitation is in the above article.

@TheBabylonBee: Biden Bummed to Realize That All He Had to Do to Stay in Race Was Not Show Up to Debate and Never Speak to Reporters Ever

Biden repeats debunked claim he traveled 17,000 miles with China’s Xi Jinping https://t.co/CfjPwatoTw

@KanekoaTheGreat: Peter Doocy reveals that Vice President Kamala Harris ditched her press pool to avoid speaking to the media. “Vice President Harris is supposed to travel everywhere she goes with a press pool. We just learned that she left her press pool behind to attend an event at Howard University.”
She really does not want to speak to the American people without a teleprompter.
https://x.com/KanekoaTheGreat/status/1823531045679194491

Harris campaign says she will not push ‘Medicare-for-all’ plan despite previous support
https://www.foxnews.com/politics/harris-campaign-not-push-medicare-for-all-plan-despite-previous-support

@paulsperry_: Kamala 20-yr bestie Dana Walden, Disney exec who oversees ABC News–host of Sept 10 debate b/t Kamala & Trump–gave $11,250 to Kamala AG race+$11k to Senate campaign+$13,900 to 2019-20 WH run, while also holding fundraisers for her @ Brentwood hm #FixIsIn

@TrumpWarRoom: UNEARTHED: Kamala says she has always felt strongly that the role of a prosecutor is not to “go after people on the streets” but to “go after” American energy producers. Kamala co-sponsored the Green New Deal — and wants to kill American energy. https://t.co/W1H6X2AJ2O
    President Trump (In Asheville, NC): She says her plan is going to be to bring down prices—then WHY DIDN’T YOU DO IT? WHY AREN’T YOU DOING IT NOW? I can say that with everything—why hasn’t she secured the border; she was the Border Czar?… Why hasn’t she brought back jobs?
https://x.com/TrumpWarRoom/status/1823819858766913885
     President Trump: You’re paying the price for Kamala’s liberal extremism at the gas pump, at the grocery counter, and on your mortgage bill. We are NOT going to let this incompetent socialist lunatic keep breaking our economy for four more years. On Election Day, we are going to tell her that we’ve had enough, we can’t take it anymore—“Kamala Harris, YOU’RE FIRED.”
https://x.com/TrumpWarRoom/status/1823820895183626637
     PRESIDENT TRUMP: If Harris wins this election, the result will be a Kamala Economic Crash— a 1929-style Depression. When I win this election, we will immediately begin a brand new Trump Economic Boom. It will be a BOOM.” https://x.com/TrumpWarRoom/status/1823821654314946705
    PRESIDENT TRUMP: The colossal influx of illegal aliens into our cities is driving rent through the roof.  That’s why as president, I will seal the border and send them all back to their countries where they belong. Prices will come down — and they’ll come down dramatically.
https://x.com/TrumpWarRoom/status/1823831347674148992
    PRESIDENT TRUMP: “The Kamala Migrant Invasion is a major factor in crushing your wages and driving up the cost of healthcare and all of your goods. Millions of uninsured illegal aliens are getting billions of dollars of free healthcare paid for by American citizens.”
https://x.com/TrumpDailyPosts/status/1823866865774682455

@ggreenwald: I was shocked yesterday when I saw Axios publish an investigation reflecting negatively on Kamala’s campaign. But soon as the reporter, @sarafischer, was attacked for doing it, she immediately denigrated her own scoop, saying it was no big deal and Kamala did nothing wrong.
https://x.com/ggreenwald/status/1823708833342226678

Tim Walz taught at China’s state-run Macau Polytechnic University until at least 2007 https://trib.al/wGGZsNL

The Chairman of the House Armed Services Military Personnel Subcommittee, Jim Banks, has launched a probe into Tim Walz’s potential violations of security clearance reporting requirements on 30 trips to China. If Walz did NOT file the proper paper work…!  https://nypost.com/2024/08/13/us-news/rep-jim-banks-probes-tim-walzs-obvious-security-risk-in-dozen-trips-to-china-while-serving-in-national-guard/

Standard Form 86 – Questionnaire for National Security Positions
https://www.opm.gov/forms/pdf_fill/sf86.pdf

Peter Schweizer Lays Out Tim Walz’s Love of China
Schweizer mentioned the “secret police stations that the Chinese have here in the United States,” which are unofficial but are “so-called united front groups that exist in the West.”… there are seven of these entities, and one of them is actually in the Twin Cities in Walz’s Minnesota.
    “And the organization that runs that secret police station is tied to a group called Minnesota Global, which is a Tim Walz organization,” he revealed…
https://www.breitbart.com/radio/2024/08/13/exclusive-peter-schweizer-lays-out-tim-walzs-love-of-china/

Muslim cleric who praised Adolf Hitler, Hamas spoke at Harris running mate Tim Walz’s 2019 inauguration https://t.co/mHlmBHohfg

@JeremyRedfernFL: Walz claims that he deployed in support of OEF. Tim Walz’s battalion deployed to multiple countries in 2003/2004. Some of those countries, such as Turkey, Bosnia, and Kosovo, supported OEF. Those that deployed and supported OEF outside of Afghanistan are eligible for the Global War on Terror Expeditionary Medal.
    Walz doesn’t have a GWOT-E because Italy isn’t recognized by the DoD as an OEF support mission. Walz has a GWOT-S, which is given to virtually anyone that served from September 2001 until September 2022. Others in his unit earned the ability to say they supported OEF, and they’ve likely got the hardware to prove it.  Tim Walz didn’t earn the hardware, and he should stop claiming the work of others in his unit as his own.  https://x.com/JeremyRedfernFL/status/1822702173207322856

Operation Enduring Freedom (OEF) was the official name for both the first stage (2001–2014) of the war in Afghanistan and the Global War on Terrorism.

Thomas Crooks trained at a shooting range used by the Department of Homeland Security before attempting to assassinate Trump (Conspiracy theories doing postal due to this!)
    According to recent documents obtained by Senator Chuck Grassley’s (R-IA) office, Crooks visited the Clairton Sportsmen’s Club, his usual place for target practice, just one day before the DHS conducted training at that same facility. This 200-yard range allowed him to practice shooting at 150 yards, the same distance he used during the rally attack… It is unclear whether DHS conducted training there on a regular basis…   https://voz.us/en/society/240813/15405/thomas-crooks-trained-at-shooting-range-used-by-the-department-of-homeland-security-prior-to-attacking-trump.html

Documents Reveal How George Soros Controls Prosecutors – The Soros network ‘remains in the driver seat’ after getting prosecutors elected, according to the Media Research Center
    “Being a Soros prosecutor means extensive, free access to expert political consulting firms, complete with detailed polling and field-tested messaging strategies,” the MRC’s report found… At the meetings, Soros prosecutors got talking points and marching orders. At one meeting, political consultants told the assembled prosecutors to frame ignoring property crime as “reprioritizing resources” to “solve more murders.”… “When the prosecutors follow the Soros groups’ directions, they are rewarded. When they choose the law over the Soros machine’s orders, they are removed.”…
https://www.dailywire.com/news/documents-reveal-how-george-soros-controls-prosecutors

Babylon Bee: ‘I Will Fix Things if You Vote Me into Office’ Says Women Currently in Office.

Trump keeps tying Kamala to Bidenomics. Team Kamala is trying to separate itself from Bidenomics – despite beaucoup videos of her touting Bidenomics. At WH press conferences on Tuesday and Wednesday, Biden Press Sec KJP, responding to reporters’ inquiries about Kamala and Biden’s working relationship, adamantly averred that Biden and Harris were and are a team.

—

GREG HUNTER

SEE YOU ON THURSDAY

	9:38 AM (20 minutes ago)
to

EXCHANGE: COMEXCONTRACT: AUGUST 2024 COMEX 100 GOLD FUTURESSETTLEMENT: 2,439.400000000 USDINTENT DATE: 08/14/2024 DELIVERY DATE: 08/16/2024FIRM ORG FIRM NAME ISSUED STOPPED

GOLD: NUMBER OF NOTICES FILED FOR AUGUST/2024. CONTRACT: 66 NOTICES FOR 6600 OZ or 0.2053 TONNES

total notices so far: 18,131 contracts for 1,813,100 Oz (56.395 tonnes)

FOR AUGUST:

SILVER NOTICES: 30 NOTICE(S) FILED FOR 150,000

OZ/

total number of notices filed so far this month : 798 for 3,990,000 oz

The U.S. is ready with a gold revaluation mechanism too

Futures Rise Ahead Of Data Deluge Including Key Retail Sales Report

US equity futures are mixed & DXY flat ahead of US IJC/Retail Sales, AUD bid post-jobs data – US Market Open

EUROPEAN TRADE

EQUITIES

FX

FIXED INCOME

COMMODITIES

GEOPOLITICS

CRYPTO

APAC TRADE

Bostic is open to a September cut; mixed Chinese activity data – Newsquawk Europe Market Open

US TRADE

EQUITIES

APAC TRADE

EQUITIES

FX

FIXED INCOME

COMMODITIES

CRYPTO

GEOPOLITICAL

China Port Explosion Snarls Trans-Pacific Container Trade

‘Criminalization Of Dissent’ Delayed: German Authorities Postpone CJ Hopkins ‘Swastika Tweet’ Re-Trial At Last Minute

England in last two weeks

IDF: Gunmen killed, over 30 Hamas sites targeted in Gaza airstrikes over past day

Deterrence does not work when dealing with terrorists – editorial

Due to the collapse of the three key security assumptions – deterrence, a small, smart army, and the ability to stand alone – changes have begun to occur.

Changes that must occur

Trump, Netanyahu speak about Gaza hostage-ceasefire deal, Axios reports

Washington, Israel’s most important ally, has said that a ceasefire in Gaza will reduce the rising threat of a wider war in the Middle East.

Increasing risk of escalation

Israel complacently allowed Iran to build a stranglehold around it; 313 days after October 7, where’s our domestically and internationally formulated plan to break that grip?

Iran seems to reconsider retaliation strategy, economic risks amid cyberattacks – expert

Professor Uzi Rabi discussed Iran’s hesitation to retaliate following Haniyeh’s death, the impact of recent cyber attacks, and Hezbollah’s role.

Economic fallout

Gaza ceasefire, hostage deal could hinge on IDF exiting Philadelphi Corridor – analysis

Israel has purportedly hinted or explicitly told mediators it would be willing to withdraw from the all-important Philadelphi Corridor in Rafah.

Waiting on Netanyahu’s answer

Musicians: US (4), Brazil (2), UK (2), Austria, Moldova, Ghana, Nigeria, Kenya, Zimbabwe, Pakistan, Nepal, Japan, NZ; “vaxxidents”: US (13), Mexico, Brazil (62), Italy (8), Azerbaijan, NZ (2); & more

Note: Click on the countries links for this week’s compilations of those who “died suddenly” (the individual Substacks are too long to email).

US Retail Sales “Beat” Thanks To Yet Another Massive Downward Revision

Can The Fed Defend Cutting Rates With NSA Jobless Claims Near Record Lows?

Homebuilder Sentiment Slumps To 2024 Low, Homebuyer Sentiment At Record Low

“It’s Communism”: Kamala’s First Economic Plan Proposes Price Controls To “Combat Inflation”

Cambridge To Fully Fund Palestinian Scholars, Students In Deal To End Occupation

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EXCHANGE: COMEX
CONTRACT: AUGUST 2024 COMEX 100 GOLD FUTURES
SETTLEMENT: 2,439.400000000 USD
INTENT DATE: 08/14/2024 DELIVERY DATE: 08/16/2024
FIRM ORG FIRM NAME ISSUED STOPPED