GOLD PRICE CLOSED UP $44..65 TO $2499.75

SILVER PRICE UP $0.49 TO $28,83

Gold ACCESS CLOSED $2508.15

Silver ACCESS CLOSED: $28.98

Bitcoin morning price:$58,499 UP 1135 DOLLARS.

Bitcoin: afternoon price: $59,816 UP 2452 DOLLARS

Platinum price closing  DOWN $4.15 TO $956.10

Palladium price; UP $6.45 TO $948.05

END

*CANADIAN GOLD: $3431.95 UP 57.42 CDN dollars per oz( * NEW ALL TIME HIGH 3,431.95 CDN DOLLARS PER OZ//AUG 16 2024)

*BRITISH GOLD: 1,937.75 UP 2.689 Pounds per oz// *(NEW ALL TIME HIGH//CLOSING///1937.75 BRITISH POUNDS/OZ) AUGUST 16/2024

*EURO GOLD: 2,273.50 UP 36.86 Euros per oz //* (ALL TIME CLOSING HIGH: 2.273.50 EUROS PER OZ//AUGUST 16 //.2024)

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END

EXCHANGE: COMEX

EXCHANGE: COMEX
CONTRACT: AUGUST 2024 COMEX 100 GOLD FUTURES
SETTLEMENT: 2,453.100000000 USD
INTENT DATE: 08/15/2024 DELIVERY DATE: 08/19/2024
FIRM ORG FIRM NAME ISSUED STOPPED

---

118 H MACQUARIE FUT 4
190 H BMO CAPITAL 14
323 C HSBC 11
363 H WELLS FARGO SEC 39
435 H SCOTIA CAPITAL 3
555 H BNP PARIBAS SEC 4
624 H BOFA SECURITIES 6
657 C MORGAN STANLEY 1
661 C JP MORGAN 23
661 H JP MORGAN 13
709 C BARCLAYS 3
732 C RBC CAP MARKETS 25
905 C ADM 13 1

---

TOTAL: 80 80
MONTH TO DATE: 18,211

JPMorgan stopped 36/80

GOLD: NUMBER OF NOTICES FILED FOR AUGUST/2024. CONTRACT: 80 NOTICES FOR 8000 OZ  or  0.24883 TONNES

total notices so far: 18,211 contracts for 1,821100  Oz (56.64 tonnes)

FOR  AUGUST:

SILVER NOTICES: 19 NOTICE(S) FILED FOR 95,000

OZ/

total number of notices filed so far this month : 817 for 4,085,000 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 $44.65 INVESTORS SWITCHING TO SPROTT PHYSICAL  (PHYS) INSTEAD OF THE FRAUDULENT GLD/ NO CHANGES IN GOLD INVENTORY AT THE GLD:

/ /INVENTORY RESTS AT 847.78 TONNES

INVENTORY RESTS AT 847.78 TONNES

SLV/

WITH NO SILVER AROUND AND SILVER UP $0.49 AT THE SLV

NO CHANGES IN SILVER INVENTORY AT 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 ROSE BY A STRONG SIZED 655 CONTRACTS TO 147,839 AND CONTINUING ON ITS MARCH TO THE RECORD HIGH OI OF 244,710, SET FEB 25/2020, AND THIS STRONG SIZED GAIN IN COMEX OI WAS ACCOMPLISHED WITH MAJOR LIQUIDATION OF OI FROM OUR SPREADERS/TAS WITH OUR HUGE GAIN OF $1.14 IN SILVER PRICING AT THE COMEX ON THURSDAY’S TRADING. LOTS OF OUR OI LIQUIDATION ACCOMPANIED OUR HUMONGOUS GAIN OF 2115 CONTRACTS ON OUR TWO EXCHANGES AS WE HAD CONSIDERABLE LIQUIDATION OF T.A.S. CONTRACTS DURING THURSDAY’S TRADING//. WE HAD ZERO COVERING BY OUR SPECS WITH THE HUGE GAIN IN PRICE AS  WE HAD A HUGE 1395 CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE ACCOMPANIED BY ANOTHER HUGE 1205 CONTRACT T.A.S ISSUANCE. IN ESSENCE WE GAINED 2050 CONTRACTS ON OUR TWO EXCHANGES WITH THE HUGE GAIN IN PRICE.

PLEASE NOTE THAT THE CROOKS NEED A HIGHER SILVER/GOLD T.A.S. TO CARRY ON THEIR CROOKED MANIPULATION ON A DAILY BASIS BUT DEMAND IS JUST TOO HIGH FOR THEM. THE HIGHER ISSUANCE OF T.A.S. IS NOW USED TO TEMPER OUR SILVER/GOLD PRICE RISE OR RAID AS WHAT HAPPENED SEVERAL TIMES LAST MONTH AND AGAIN YESTERDAY. 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 THURSDAY NIGHT: 1205 CONTRACTS. DESPITE MANY COMPLAINTS THAT THE CROOKS HAVE VIOLATED POSITION LIMITS DUE TO THE FACT THAT THE TAS ISSUED HAVE A VALUE  OF ZERO (AS TO POSITION LIMITS FOR OUR CROOKED BANKERS). THE PROBLEM OF COURSE IS THAT THE CROOKS DO NOT LIQUIDATE THE TAS TOGETHER BUT SELL THE BUY SIDE FIRST AND THEN LIQUIDATE THE SELL SIDE TWO MONTHS HENCE. IT IS OBVIOUS MANIPULATION TO THE HIGHEST DEGREE BUT IT NATURALLY FELL ON DEAF EARS WITH OUR REGULATORS (OCC) WHEN THEY RECEIVED OUR COMPLAINTS.IT NOW SEEMS THAT THE OCC HAS ORDERED THE BANKS TO REDUCE ITS NEW LEVEL OF 1/2 TRILLION DOLLARS IN GOLD/SILVER DERIVATIVES AND THUS THE REASON FOR CONSTANT RAIDS BUT TO NO AVAIL. IT ALSO LOOKS LIKE THE FED (GOV’T) IS BEHIND EVERY DAY TRADING.

WE HAVE IN THE PAST YEAR SET ANOTHER RECORD LOW AT 114,102 CONTRACTS ///JULY 3.2023//  OUR BANKERS WITH THE HELP OF SPECULATORS AND HIGH FREQUENCY TRADERS WERE UNSUCCESSFUL IN KNOCKING THE PRICE OF SILVER DOWN (IT ROSE BY $1.14) AND WERE UNSUCCESSFUL IN KNOCKING ANY SILVER LONGS FROM THEIR PERCH AS WE HAD A HUMONGOUS SIZED GAIN OF 2115 CONTRACTS ON OUR TWO EXCHANGES.

WE HAD A HUGE 1395 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 115,000 OZ QUEUE JUMP //NEW STANDING RISES TO 4.335 MILLION OZ

//NEW STANDING FOR SILVER//AUGUST IS THUS 4.335 MILLION OZ

WE HAD:

/ HUGE SIZED COMEX OI GAIN //HUMONGOUS SIZED EFP ISSUANCE/ VI)  HUGE SIZED NUMBER OF  T.A.S. CONTRACT ISSUANCE 1205 CONTRACTS)/

 I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL REMOVED 66 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 12 DAYS, total 12,275 contracts:   OR 61.375 MILLION OZ  (1022 CONTRACTS PER DAY)

TOTAL EFP’S FOR THE MONTH SO FAR:  61.375 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; 61.3475 MILLION OZ//THIS MONTH WILL PROBABLY BE STRONG FOR ISSUANCE.

RESULT: WE HAD A HUGE SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF  655 CONTRACTS WITH OUR HUGE GAIN IN PRICE OF SILVER PRICING AT THE COMEX//THURSDAY.,.  THE CME NOTIFIED US THAT WE HAD A HUMONGOUS EFP ISSUANCE  CONTRACTS: 1395 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 115,000 OZ QUEUE JUMP

//NEW TOTAL STANDING FOR JULY  4.335 MILLION OZ 

WE HAVE A HUMONGOUS SIZED GAIN OF 2050  OI CONTRACTS ON THE TWO EXCHANGES WITH THE GAIN IN PRICE…..THE TOTAL OF TAS INITIATED CONTRACTS TODAY: A GIGANTIC SIZED 1205 CONTRACTS,//SOME FRONT END OF THE TAS CONTRACTS WERE LIQUIDATED DURING THE THURSDAY COMEX TRADING WHICH ACCOUNTS FOR A PORTION OF THE COMEX OI GAIN//// 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 THURSDAY NIGHT   (1205) WILL BE PUT INTO “THE BANK” TO BE COLLUSIVELY USED AT A LATER DATE//AND MOST LIKELY TODAY., .

WE HAD 19 NOTICE(S) FILED TODAY FOR 95,000 OZ

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

GOLD//OUTLINE

IN GOLD, THE COMEX OPEN INTEREST ROSE BY A TINY SIZED 179 OI CONTRACTS  TO 501,846 AND CLOSER TO THE RECORD (SET JAN 24/2020) AT 799,733  AND  PREVIOUS TO THAT: (SET JAN 6/2020) AT 797,110, BUT WE ARE NOW MUCH FURTHER FROM OUR ALL TIME LOW OF 390,000 CONTRACTS.

THE DIFFERENTIAL FROM PRELIMINARY OI TO FINAL OI IN GOLD TODAY: REMOVED A HUGE 7472 CONTRACTS

WE HAD A TINY SIZED INCREASE  IN COMEX OI (179 CONTRACTS) OCCURRED DESPITE OUR GOOD  GAIN OF $13.70  IN PRICE/THURSDAY. THE FRBNY SUPPLIED THE NECESSARY SHORT PAPER.. WE ALSO HAD A HUGE INITIAL STANDING IN GOLD TONNAGE FOR AUGUST AT 65.55 TONNES ON FIRST DAY NOTICE FOLLOWED BY TODAY’S 8000 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 $13.70 GAIN IN PRICE  WITH RESPECT TO THURSDAY’S TRADING. WE HAD A FAIR SIZED GAIN OF 3638 OI CONTRACTS (11.315 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 3459 CONTRACTS:

The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 501,846

IN ESSENCE WE HAVE A FAIR SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 3638 CONTRACTS  WITH 179 CONTRACTS INCREASED AT THE COMEX// AND A STRONG SIZED 3459 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN ON THE TWO EXCHANGES OF 3638 CONTRACTS.. WE HAD THE FOLLOWING TAS CONTRACTS INITIATED (ISSUED): A SMALL 925 CONTRACTS,

CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES

WE HAD A STRONG SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (3459 CONTRACTS) ACCOMPANYING THE TINY SIZED GAIN IN COMEX OI OF 179 CONTRACTS/TOTAL GAIN FOR OUR THE TWO EXCHANGES: 11,1100 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 8000 OZ QUEUE JUMP AS THESE BOYS JUMP THE QUEUE TO STAND AT THE COMEX./

//NEW STANDING ADVANCES TO: /AUGUST 67.757 TONNES. 

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

  4) STRONG SIZED COMEX OPEN INTEREST GAIN 5)  STRONG ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER///SMALL T.A.S.  ISSUANCE: 925 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: 59,312 CONTRACTS OF 5,931,200 OZ OR 184.48 TONNES IN 12 TRADING DAY(S) AND THUS AVERAGING: 4942 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE  SIZE OF THESE EFP TRANSFERS :  THIS MONTH IN 12 TRADING DAY(S) IN  TONNES  184.48 TONNES

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

THUS EFP TRANSFERS REPRESENTS  184.48 DIVIDED BY 3550 x 100% TONNES = 5.19% 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: 184.48 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 ROSE BY A STRONG SIZED  655 CONTRACTS OI  TO 147,839 AND CLOSER TO THE COMEX HIGH RECORD //244,710( SET FEB 25/2020).  THE LAST RECORDS WERE SET  IN AUG.2018 AT 244,196 WITH A SILVER PRICE OF $14.78/(AUGUST 22/2018)..THE PREVIOUS RECORD TO THAT WAS SET ON APRIL 9/2018 AT 243,411 OPEN INTEREST CONTRACTS WITH THE SILVER PRICE AT THAT DAY: $16.53). AND PREVIOUS TO THAT, THE RECORD  WAS ESTABLISHED AT: 234,787 CONTRACTS, SET ON APRIL 21.2017 OVER  6 YEARS AGO.  HOWEVER WE HAVE NOW SET A NEW RECORD LOW OF 114,102 CONTRACTS JULY 3.2023

EFP ISSUANCE 1395 CONTRACTS

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

SEPT 1395  and ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 1395 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON.  IF WE TAKE THE COMEX OI GAIN OF 655 CONTRACTS AND ADD TO THE 1395 E.FP. ISSUED

WE OBTAIN A HUMONGOUS SIZED GAIN OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES OF 2050 CONTRACTS

THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES  TOTALS 10.250 MILLION OZ OCCURRED WITH OUR HUGE  $1.14 GAIN IN PRICE 

END

OUTLINE FOR TODAY’S COMMENTARY

1a/COMEX GOLD AND SILVER REPORT

(report Harvey)

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

(Peter Schiff)

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

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

b. Other gold/silver commentaries

c. Commodity commentaries//

d)/CRYPTOCURRENCIES/BITCOIN ETC

2.ASIAN AFFAIRS//

FRIDAY MORNING/THURSDAY  NIGHT

SHANGHAI CLOSED UP 2.07 PTS OR 0.07% //Hang Seng CLOSED UP 321.02 PTS OR 1.88% // Nikkei CLOSED UP 1336.03 OR 3.64%//Australia’s all ordinaries CLOSED UP 1.31%///Chinese yuan (ONSHORE) CLOSED DOWN TO 7,1642 CHINESE YUAN OFFSHORE CLOSED DOWN TO 7.1664/ Oil DOWN TO 76.01 dollars per barrel for WTI and BRENT UP AT 78.74 Stocks in Europe OPENED MOSTLY 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 ROSE BY A TINY SIZED 179 CONTRACTS  TO 501,846 WITH OUR GAIN IN PRICE OF $13.70 WITH RESPECT TO THURSDAY’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 THURDAY’S GAIN IN PRICE WITH ZERO LONGS BEING CLIPPED (AS YOU WILL SEE BELOW) BUT WE DID HAVE MAJOR SHORT COVERING. THE PROBLEM FOR THOSE PROVIDING THE SHORT PAPER IS THE SHOCK TO THEM ON RECEIVING NOTICE THAT THE LONGS WANT THE PHYSICAL GOLD AS THEY TENDER FOR THAT SHINY YELLOW METAL.

EXCHANGE FOR PHYSICAL ISSUANCE

WE ARE NOW ENTERING INTO THE ACTIVE DELIVERY MONTH OF AUGUST.…  THE CME REPORTS THAT THE BANKERS ISSUED A   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 3459 EFP CONTRACTS WERE ISSUED: :  OCT/DEC 3459 & ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE: 3459 CONTRACTS. THESE EFP;S CIRCLE AROUND LONDON ON A 13 DAY BASIS AND ARE NOW USED BY GLOBAL CENTRAL BANKS TO EXERCISE FOR PHYSICAL GOLD WITH THE OBLIGATION TO DELIVER BEING FORCED ONTO COMEX BANKS. THE GOLD DELIVERED COMES FROM LONDON.

ON A NET BASIS IN OPEN INTEREST WE GAINED THE FOLLOWING TODAY ON OUR TWO EXCHANGES: A FAIR SIZED TOTAL OF 3638 CONTRACTS IN THAT 3459 LONGS WERE TRANSFERRED AS EXCHANGE FOR PHYSICALS TO LONDON AND WE HAD A TINY SIZED GAIN OF 179 COMEX  CONTRACTS..AND THIS VERY STRONG GAIN ON OUR TWO EXCHANGES HAPPENED WITH OUR STRONG GAIN IN PRICE OF $13.70/THURSDAY 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 THURSDAY NIGHT A SMALL  SIZED 925 CONTRACTS. ALMOST ALL OF THE TRADING AND SUPPLY OF CONTRACTS  WAS ORCHESTRATED BY GOVERNMENT (FEDERAL RESERVE BANK OF NEW YORK)

THROUGHOUT THE PAST SEVERAL WEEKS, THE BANKERS CONTINUE TO SELL OFF THE LONG SIDE OF THE SPREAD WHICH  OF COURSE CONTINUES TO MANIPULATE THE PRICE OF GOLD SOUTHBOUND. (THEY KEEP THE SHORT SIDE OF THE CALENDAR/T.A.S. SPREAD WHICH WILL BE LIQUIDATED IN DAYS HENCE//. IT SEEMS THAT OUR CROOKS ARE HAVING A HARD TIME TRYING TO CONTROL THE PRICE OF GOLD AND THUS THE NEED FOR STRONG T.A.S. ISSUANCE. THE USE OF T.A.S. IS OF EXTREME IMPORTANCE TO OUR CROOKS IN LAST WEEK’S TRADING//RAIDS AS WELL AS THIS WEEK AND ESPECIALLY ON THURSDAY’S TRADING.

// WE HAVE A STRONG AMOUNT OF GOLD TONNAGE STANDING:   AUGUST  (67.757 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  UNSUCCESSFUL IN LOWERING GOLD’S PRICE( IT ROSE BY  $13.70 //// AND WERE UNSUCCESSFUL IN KNOCKING OFF ANY SPECULATOR LONGS AS WE DID HAVE A VERY STRONG GAIN IN OUR TWO EXCHANGES. CENTRAL BANK LONGS , EXERCISED FOR PHYSICAL. WE HAD A CONSIDERABLE T.A.S. LIQUIDATION THURSDAY/COMEX.

WE HAVE GAINED A TOTAL OI OF 34.556 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 8000 OZ QUEUE JUMP //NEW STANDING: 67.757 TONNES.

NEW STANDING FOR AUGUST: 67.757 TONNES 

ALL OF THIS WAS ACCOMPLISHED WITH OUR HUGE GAIN IN PRICE  TO THE TUNE OF $13.70

WE HAVE REMOVED 7472 CONTRACTS  FROM THE  COMEX TRADES TO OPEN INTEREST (CROOKS)//PRELIMINARY TO FINAL

NET GAIN ON THE TWO EXCHANGES 3638 CONTRACTS OR 363800 OZ (11.315

TONNES)

confirmed volume THURSDAY 182m458 contracts//poor

//speculators have left the gold arena

END

AUGUST 16      AUGUST  GOLD CONTRACT

/ /// THE AUG 2024 GOLD CONTRACT

Gold	Ounces
Withdrawals from Dealers Inventory in oz	nil
Withdrawals from Customer Inventory in oz	31,745.195OZ Brinks Loomis brinks 9713 kilobars loomis 15 kilobars           .
Deposit to the Dealer Inventory in oz	nil
Deposits to the Customer Inventory, in oz	NIL oz
No of oz served (contracts) today	80 notice(s) 8000 OZ 0.24883 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	18,211 notices 1,821,100 oz 56.64 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 31,282.930 oz (9713 kilobars)

ii) Out of Loomis: 482.245 oz (15 kilobars)

TOTAL WITHDRAWALS 31,745.195 oz this obligation transferred to London. London supplies the gold but the obligation is on the Comex banks.

adjustments: 0

CALCULATIONS FOR THE AMOUNT OF GOLD STANDING FOR AUGUST

For the front month of AUGUST we have an oi of 3653 contracts having GAINED 14 contracts.

We had 66 contracts served on THURSDAY so we gained an additional 80 contracts or 8000 oz will stand for gold at the comex

SEPT. LOST 30 CONTRACTS TO STAND AT 5469 CONTRACTS.

OCTOBER LOST 707 CONTRACTS UP TO 51,111 CONTRACTS

We had 80 contracts filed for today representing 8000  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 80 contract(s) of which 0  notices were stopped (received) by  j.P. Morgan dealer and 36 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 (18,211) x 100 oz ) to which we add the difference between the open interest for the front month of  August 3653( CONTRACTS)  minus the number of notices served upon today  (80 x 100 oz per contract( equals  2,178,400 OZ  OR 67.757 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 (18,211 x 100 oz +we add the difference for front month of AUGUST  (3653 X// , OI} minus the number of notices served upon today (80) x 100 oz which equals  2,178,400 oz (67.757 TONNES) 

TOTAL COMEX GOLD STANDING FOR AUGUST: 67.757 TONNES WHICH IS HUGE FOR THIS  VERY ACTIVE DELIVERY MONTH IN THE CALENDAR. 

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COMEX GOLD INVENTORIES/CLASSIFICATION

NEW PLEDGED GOLD:

241,794.285 oz NOW PLEDGED /HSBC  5.94 TONNES

204,937.290 OZ PLEDGED  MANFRA 3.08 TONNES

83,657.582 PLEDGED JPMorgan no 1  1.690 tonnes

265,999.054, oz  JPM No 2 

1,152,376.639 oz pledged  Brinks/

Manfra:  33,758.550 oz

Delaware: 193.721 oz

International Delaware::  11,188.542 oz

total pledged gold: 1,742,209.881 oz 54.19tonnes

TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD:  17,493,781.059 OZ  

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

TOTAL OF ALL ELIGIBLE GOLD: 9,616,686.564 OZ  

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

END

SILVER/COMEX

AUGUST 16/2024

INITIAL

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

Silver	Ounces
Withdrawals from Dealers Inventory	NIL oz
Withdrawals from Customer Inventory	0 OZ .
Deposits to the Dealer Inventory	1,327,132.334 oz Brinks
Deposits to the Customer Inventory	1,444,938.775oz i) Brinks ii) HSBC
No of oz served today (contracts)	19 CONTRACT(S)    (195,000 OZ)
No of oz to be served (notices)	50 contracts  (0.250 million oz)
Total monthly oz silver served (contracts)	817 Contracts  (4.085 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)  1 dealer  deposit/

i)Into Brinks dealer 1,327,312.334 oz

total dealer deposit : 1,327,312.334 oz

i) We had  0 dealer withdrawal

total dealer withdrawals: 0 oz

We had  2 customer deposits:

i)Into Brinks 843,172.275 oz

ii) Into HSBC 601,766.500 oz

total customer deposit 1,444,938.375 oz

JPMorgan has a total silver weight: 134.771million oz/307.911 million  or 43.84%

adjustment:3

i) Brinks/ customer to dealer 1,327319.335 oz

ii) customer to dealer:/CNT 580,484.237 oz

iii) dealer Manfra to customer account: 1,571,128.758 oz

withdrawals: 0

total customer withdrawals: 0 oz

TOTAL REGISTERED SILVER: 69.904 MILLION OZ//.TOTAL REG + ELIGIBLE. 307,919 million oz

CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR AUGUST:

silver open interest data:

FRONT MONTH OF AUGUST/2024 OI: 69 CONTRACTS HAVING LOST 7 CONTRACT(S). 

WE HAD 30 NOTICES SERVED ON THURSDAY, SO WE GAINED 23 CONTRACTs OR AN ADDITIONAL 115,000 OZ WILL STAND FOR SILVER AT THE COMEX.

SEPT SAW A LOSS OF 2513 CONTRACTS TO 61,698. SEPT NOW BECOMES THE NEW FRONT MONTH

OCTOBER SAW ANOTHER GAIN OF OPEN INTEREST CONTRACTS OF 115 CONTRACTS AND THUS WE HAVE 434 OPEN INTEREST CONTRACTS FOR OCTOBER.

.

TOTAL NUMBER OF NOTICES FILED FOR TODAY: 19 for 95,000 oz

CONFIRMED volume; ON thurSDAY 103,317 gigantic

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 817 x 5,000 oz = 4.085 MILLION oz 

to which we add the difference between the open interest for the front month of AUGUST( 69) and the number of notices served upon today 19 x (5000 oz) equals the number of ounces standing.

Thus the  standings for silver for the AUGUST/2024 contract month:  817 notices served so far) x 5000 oz + OI for the front month of AUGUST (69)x number of notices served upon today minus (19)x 5000 oz of silver standing for the AUGUST  contract month equates to 4.335 MILLION OZ. 

 New total standing: 4.335 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 16 WITH GOLD UP $44.65 ON THE DAY; NO CHANGES IN GOLD AT THE GLD: //////INVENTORY RESTS AT 847.78 TONNES

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 16//WITH SILVER $0.49//NO CHANGES IN SILVER INVENTORY: .///./// /INVENTORY AT 466.929 MILLION OZ

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

Peter Schiff: More Disastrous Rate-Cuts On The Horizon

FRIDAY, AUG 16, 2024 – 08:50 AM

Via SchiffGold.com,

Peter’s back in Puerto Rico for this episode. He explains his theory behind the market’s bounce back last week, notes why last week’s panic bodes poorly for Bitcoin, and comments on two major political events— Kamala Harris’s VP pick and the “hate speech” clamp-down in the United Kingdom.

With more evidence mounting of a recession, Peter reminds us that the Fed’s policy over the last few decades makes such a recession inevitable:

“The right thing is to raise rates more and let the chips fall where they may. Sure, stocks are going to crash. Real estate is going to crash. We’re going to have a hard landing. It’s going to be a recession. But unfortunately, that’s what we need. Not because it’s fun, but because it’s necessary. Now, if you don’t want to have this necessary crash, then the Fed never should have made that deal with the devil, because the devil is going to come to collect eventually.”

Even though rate cuts are the wrong move, the markets are confident cuts are coming in September or even earlier:

“I said on my podcast that if we didn’t get the emergency rate cut, we were getting a cut for sure in September. I just thought they may not even wait until September. They may have to do it sooner. And they still might because we still have a long time between that September meeting and right now. But because the bond market started to price that in and rates went down, that helped the markets, because the markets saw this and they’re like, ‘Ok, the Fed is definitely going to cut now.’ … The market now realizes that the Fed is going to move on in September no matter what. And that I think that helped the market’s psychology.”

Bitcoin’s recent performance demonstrates why it’s a bad choice for a federal Bitcoin reserve:

“When everything was going down, Bitcoin went down the most. And they’re trying to get the government to have a Bitcoin reserve? You can’t have a reserve asset that’s the most volatile asset. The reserve asset is the one you’re supposed to rely on. When everything else is selling off, you can use that reserve asset. But how can you use a reserve asset that goes down even more than the stuff you’re trying to hedge?”

In election news, Kamala Harris has chosen Minnesota Governor Tim Walz as her running mate. Peter thinks Pennsylvania Governor Josh Shapiro would have been a better pick, but the media is keen to defend Harris against any criticism:

“The media has been repackaging and rebranding her. I mean, they’re lying as much about Harris as they were about Biden. The same people had said, ‘Biden is sharp as a tack,’ right? And then kick him to the curb as soon as that lie was exposed. Now they’ve got a new lie about how great Kamala Harris is. As long as she keeps her mouth shut and nobody actually hears her talk, they can keep selling her to the American public like she’s the greatest thing. And apparently it’s working.”

With the United Kingdom government cracking down on protests and online social media posts, Peter explains why free speech is so important:

“If you’re not allowed to be offensive, if you’re not allowed to hurt other people’s feelings, then you don’t have freedom of speech. Well, what do you have? The whole concept of free speech is that you have to defend the rights of people to say things that you disagree with— that may be offensive to you, that may be hateful. Because the minute you let the government decide, the government can decide, ‘what is offensive? What is hateful?’ Well, then they can make anything they want hateful or offensive.”

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

Peter St. Onge: How gold can save the dollar

Submitted by admin on Thu, 2024-08-15 19:56 Section: Daily Dispatches

By Peter St. Onge
via Money Metals Exchange, Eagle, Idaho

Can we save the dollar before central banking kills it?

Our deficits are now stuck at 8% of gross domestic product — unprecedented in peacetime. And our national debt just hit $35 trillion — unprecedented in the history of man.

Even the central bankers realize that this isn’t sustainable. That we are coming to the day our paper money utopia crumbles.

Historically, from Song Dynasty China to Weimar Germany, when paper dies we return to hard money. Because backing the dollar with hard money like gold — and eventually Bitcoin — is the only way to kill the money printer.

Happily, we can actually do this without the crash. …

… For the remainder of the analysis:

https://www.moneymetals.com/news/2024/08/15/how-gold-can-save-the-dollar-003382

end

Good luck to Argentina if it wants it’s gold back

(Jan N.)

Jan Nieuwenhuijs: Argentina’s gold reserves arrive in London

Submitted by admin on Thu, 2024-08-15 19:47 Section: Daily Dispatches

By Jan Nieuwenhuijs
Gainesville Coins, Lutz, Florida
Thursday, August 15, 2024

In June the United Kingdom received a gold shipment worth $150 million dollars from Argentina. Most likely the gold was sent by the central bank of Argentina to be used as collateral in the London Bullion Market.

Newspaper El País reported on July 28 that part of the official gold reserves of Argentina were transferred abroad. After rumors spread regarding the whereabouts of the Argentinian gold, Minister of Economy Luis Caputo acknowledged that gold was indeed shipped overseas. 

“If you have it outside the country, you can get returns,” he shared in an interview with an Argentine TV channel. 

According to El País, President Milei hinted that the gold can be used as collateral to take out a bridge loan, which is essentially a swap.

Normally, “monetary gold” (gold owned by a central bank) is exempt from being disclosed in customs data. However, as I have pointed out in the case of the Chinese central bank buying gold in London, if bullion banks take care of shipping and insurance, the metal does show up in cross-border trade statistics. …

… For the remainder of the analysis:

https://www.gainesvillecoins.com/blog/argentinian-gold-collateral-arrives-in-london

end

end

Pam and Russ Martens: a new study suggests the Fed is captured by USA government and not the megabanks

(Pam and Russ Martens)

Pam and Russ Martens: New study says Fed is captured by Congress and presidency, not megabanks

Submitted by admin on Thu, 2024-08-15 11:20 Section: Daily Dispatches

But what if the megabanks have captured Congress and the presidency as well?

* * *

By Pam and Russ Martens
Wall Street on Parade
Thursday, August 15, 2024

A fascinating new academic paper has been released. Its title is “The Myth of Fed Political Independence.” Its premise is this: “The much-vaunted independence of the Federal Reserve is a myth. The Fed is not the bastion of sound monetary policy. Rather, it is just another politically co-opted agency of the federal government.”

The study asserts further that “something like the Stockholm syndrome seems to describe the institutional relationship that exists between the U.S. Congress and the White House (the captors), and the Federal Reserve (the captives).”

…The paper is written by Thomas Joseph Webster, professor emeritus of economics at Pace University’s Lubin School of Business, who has written extensively on the Fed and the role that its quantitative easing has played in ballooning budget deficits, the national debt and inflation.

Dr. Webster previously worked as an international economist with the Central Intelligence Agency and the U.S. Department of Defense — which suggested to us that he might have insights into the workings of the U.S. government that we were missing in our analysis of the Fed.

Based on our analysis over three decades of research, the Fed has been captured by the Wall Street megabanks. But is it possible that both our premise and that of Dr. Webster could be simultaneously correct? 

If Wall Street has also captured key components of the executive branch and the U.S. Congress, then there is actually no conflict between these premises. …

… For the remainder of the analysis:

New Study Says the Fed Is Captured by Congress and White House — Not the Megabanks that Own the Fed Banks and Get Trillions in Bailouts

* * *

4. GOLD PODCASTS//LIVE FROM THE VAULT/no 186 with/Andrew Maguire/Andy Schectman

kinesis.money/live-from-the-vault/is-the-dollar-doomed-andy-schectman/

Episode 186

Posted 16th August 2024

Is the dollar doomed? Feat. Andy Schectman

In this week’s episode of Live from the Vault, Andrew Maguire is joined by Andy Schectman, President & Owner of Miles Franklin, one of the first companies to be approved as an authorised reseller of minted products.

The precious metals experts open with a discussion about the Bank of International Settlements Project mBridge, before discussing the widespread repatriation of gold by global central banks amid continued developments in the BRICS saga.

Andrew Maguire

Host

Andrew Maguire has almost 50 years’ experience working in the precious metals industry as an independent Loco London metals trader and analyst, where he has provided Precious Metals Advisory and Trading services for international hedge fund managers, bullion banks, directors, metal traders and many of the largest global institutions.

Andrew has built strong relationships with US and UK regulatory bodies, having worked as an advisor for the Commodity Futures Trading Commission, (CFTC) and the Department of Justice, (DOJ). In the UK, Andrew is currently providing advisory services to the UK and the Financial Conduct Authority, (FCA).

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

6 CRYPTOCURRENCY NEWS

END

ASIA TRADING/FRIDAY MORNING/THURSDAY  NIGHT

SHANGHAI CLOSED UP 2.07 PTS OR 0.07% //Hang Seng CLOSED UP 321.02 PTS OR 1.88% // Nikkei CLOSED UP 1336.03 OR 3.64%//Australia’s all ordinaries CLOSED UP 1.31%///Chinese yuan (ONSHORE) CLOSED DOWN TO 7,1642 CHINESE YUAN OFFSHORE CLOSED DOWN TO 7.1664/ Oil DOWN TO 76.01 dollars per barrel for WTI and BRENT UP AT 78.74 Stocks in Europe OPENED MOSTLY ALL GREEN

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

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

ONSHORE YUAN:   CLOSED DOWN TO 7.1642

OFFSHORE YUAN: DOWN TO 7.1664

SHANGHAI CLOSED UP 2.07 PTS OR 0.07 %

HANG SENG CLOSED UP 321.02 PTS OR 1.88%

2. Nikkei closed UP 1336.03 PTS OR 3.64%

3. Europe stocks   SO FAR:  MOSTLY ALL GREEN EXCEPT LONDON

USA dollar INDEX UP TO  102.58 EURO RISES TO 1.0992 UP 20 BASIS PTS

3b Japan 10 YR bond yield: RISES TO. +0.879 Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 148.05…… JAPANESE YEN NOW RISING AS WE HAVE NOW REACHED THE REIGNITING OF THE YEN CARRY TRADE AFTER DISASTROUS POLICY ISSUED BY UEDA

3c Nikkei now  ABOVE 17,000

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

3e Gold UP /JAPANESE Yen DOWN CHINESE ONSHORE YUAN: 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 +2.1410/Italian 10 Yr bond yield DOWN to 3.595 SPAIN 10 YR BOND YIELD DOWN TO 3.054%

3i Greek 10 year bond yield DOWN TO 3.275

3j Gold at $2471.10//Silver at: 28.20  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 76 dollar handle for WTI and  78 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 148.05/  10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 0.879 % 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 0.8672 as the Swiss Franc is still rising against most currencies. Euro vs SF:   0.9533 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: 3.880 DOWN 5 BASIS PTS…

USA 30 YR BOND YIELD: 4.137 DOWN 5 BASIS PTS/

USA 2 YR BOND YIELD:  4.045 DOWN 5 BASIS PTS

USA DOLLAR VS TURKISH LIRA: 33.70…

10 YR UK BOND YIELD: 3.922 DOWN 3 PTS

10 YR CANADA BOND YIELD: 3.056 DOWN 5 BASIS PTS

2a New York OPENING REPORT

Futures Rally Fizzles As Dollar, Yields And Oil Slump

BY TYLER DURDEN

FRIDAY, AUG 16, 2024 – 08:11 AM

US equity futures erased earlier gains and were trading with modest losses as dollar, oil and yields all slumped entering the US session. As of 7:45am, S&P futures traded down 0.1% around 5,562 as consistent selling pressure emerged around the European open, even as Asian stocks had another solid session. Nasdaq futures were unchanged, with megacap tech mostly higher led by NVDA +56bp, and AMZN +60bp. Bond yields and USD are both lower; 2-, 5-, 10-yr yields are 2bp, 5bp, 10bp lower, pulled down by a sharp drop in oil as the Harris oil trading desk resumes shorting. Other commodities were mixed with base metals higher. Today, the key macro focus will be U of Mich Sentiment and housing data (Housing Starts and Building Permits).

In premarket trading, Applied Materials fell after the semiconductor capital-equipment company’s forecast disappointed bullish investors looking for a bigger payoff from artificial intelligence spending. Bayer AG jumped 10% following a significant win for the German company in long-running cancer litigation over its Roundup weedkiller. Here are the other premarket movers:

• Bumble slips 2% after TD Cowen downgrades the stock to hold, citing an uncertain path to recovery.
• Coherent rises 3% after the semiconductor device company posted quarterly results. Analysts were positive on comments made by new CEO Jim Anderson who is focusing on improving profitability.
• H&R Block gains 8% after the professional services provider forecast revenue for 2025 that beat the average analyst estimate.
• Microchip Technology gains 2% as Piper Sandler raised the recommendation on the chipmaker to overweight, predicting gross margin upside due to decreasing charges.
• Texas Instruments gains 1.6% as the company is set to receive $1.6 billion in Chips Act grants and $3 billion in loans, the Biden administration announced Friday.

A flurry of data reversing the dismal post-payrolls hard-landing sentiment, and signaling that the American economy still has some has in the tank , has put US stocks on course for their strongest week of the year. The latest goalseeked readings, from inflation to jobless claims and retail sales, have reassured investors and supported hopes that the world’s biggest economy is heading for a “Goldilocks” scenario of contained price pressures accompanied by resilient growth (spoiler alert: it isn’t, and the truth will be revealed on Nov 6 or thereabouts). As a result, the S&P 500 has rallied 3.7% this week, while the Nasdaq 100 is up more than 5%, the biggest gains for both indexes since November.

“There is little in the data flow now to really derail sentiment in the immediate near-term,” said Pepperstone Group strategist Chris Weston.

The powerful rebound means that stock markets around the world have erased last week’s losses, when traders were worried the Federal Reserve won’t cut interest rates fast enough to achieve a soft landing for the US economy. In Europe Friday, the Stoxx 600 Index added 0.3% as it headed for its best week since May. US equity futures were little changed.

The latest surge on Wall Street saw the S&P 500 notch its strongest six-day winning run since November 2022. Bank of America’s Michael Hartnett said US stocks just recorded a seventh straight week of inflows, underscoring the sustained appetite for equities among investors. BofA said about $5.5 billion went into US equity funds in the week through Aug. 14.

US officials have been trying to use higher rates to ease inflation without causing the economy to contract. Fed Bank of St. Louis President Alberto Musalem said the time is nearing when it will be appropriate to cut rates. His Atlanta counterpart Raphael Bostic told the Financial Times he’s “open” to a reduction in September.

“A soft landing is no longer a hope. It’s becoming a reality,” said David Russell at TradeStation. “These numbers also suggest that recent market volatility wasn’t really a growth scare. It was just normal summer seasonality amplified by moves in the currency market.”

European stocks pared earlier gains of 0.5% to just 0.1% as they head for their best week since May amid evidence of economic resilience that’s supporting global equity markets. Auto and retail sub indexes were the best performers, rising 1.7% and 1.2%, respectively. Bayer shares rise as much as 10%, the most in five years, after a US appeals court concluded that federal regulations governing the Roundup weedkiller’s warning label supersede Pennsylvania laws. Here are the other most notable European movers:

• NIBE Industrier shares rise as much as 16%, the most since May 2021, after the Swedish heat-pump maker beat estimates in its second-quarter earnings. Morgan Stanley analysts say the company’s results were a “positive surprise” and mainly driven by inventory completion.
• Saint-Gobain shares rise as much as 0.9% after the French building-materials producer agreed to buy construction-chemicals company Ovniver Group for $815 million. Analysts say this will strengthen Saint-Gobain’s position in Latin America, with Citi seeing scope for more bolt-on acquisitions.
• NKT shares rise as much as 6.1% after the Danish electrical components firm’s second-quarter results showed what Jefferies called strong execution. NKT raised its full-year outlook in July.
• GSK shares were little changed after a US state court ruled in favor of the drugmaker and other defendants, by deciding to exclude the plaintiff’s expert testimony claiming that ranitidine was a significant risk factor for Wilson’s prostate cancer.
• Kingspan shares fall as much as 4.4% after trading profit for the first half missed estimates. Analysts see continued price deflation and sluggish end-market demand weighing on the Irish insulation maker’s growth.
• Scout24 shares fall as much as 1.9% after being downgraded to hold by analysts at M.M. Warburg Investment Research, which remain impressed by the online property portal’s performance but believe it is now fairly valued.
• Mobilezone shares fall as much as 4.8%, the most in more than four months, after the Swiss-based mobile-phone retailer posted its first-half results.
• Alm Brand falls as much as 2% on Friday, as Nordea cuts the Danish insurer to hold. The firm is extending yesterday’s drop after the second-quarter results missed analyst expectations.
• Boozt drops as much as 5.2% after the Swedish online retailer reports second-quarter results that DNB Markets says appear “soft.”

Asian equities are higher following Thursday’s US rally. Nikkei jumps more than 3% and Kospi rises 1.8%. Taiex rallies as much as 2.2%. Hang Seng adds 1.7%; mainland China indexes eke out modest gains. Asia sported Friday’s strongest market gains as stocks in the region headed for their best weekly performance in over a year, led by Japan as a weaker yen boosts exporters’ earnings prospects. The currency is set for its sharpest weekly drop since June after sliding 1.3% against the dollar Thursday. It was trading around the 149 level, easing fears of a massive carry trade unwind.

In FX, the dollar slipped, on course for a third week of declines, the longest such losing streak in more than five months. The USD/JPY slipped as much as 0.1% to 148.00, while 10-year bond yield dropped 2bps to 3.8940% The yen “has tracked the swing in rates differentials overnight,” said Rob Carnell, head of research and chief economist for Asia Pacific at ING Bank

In rates, Treasury 10-year yield eased 5bps to trade near 3.86%. Australian 3-year yield remains about 6bps higher following the RBA Governor Bullock’s hawkish testimony; Aussie dollar 0.2% stronger. JGB futures sharply lower with Japan’s benchmark yield 5bps firmer. Treasury yields slumped across the curve, after surging Thursday as the resilient US economic data prompted traders to dial back bets for a jumbo September Fed rate cut, and as oil tumbled right on schedule ahead of Kamala Harris’ big policy reveal later today. A 25 basis-point reduction remains fully priced, with more than 90 basis points of easing expected by the end of 2024.

In commodities, gold was on track for a weekly gain. Crude is lower in a paring to the prior day’s gains. This morning’s price action has been contained to within yesterday’s range, although some downticks coincided with reports that Libya’s Waha oil field is to return to full normal levels within the coming hours after production was reduced amid a fire. Brent is sliding as low as $79.

Looking at today’s calendar, US data slate includes July housing starts/building permits, August New York Fed services business activity (8:30am) and University of Michigan sentiment (10am). Fed speakers scheduled for the session include Goolsbee (7am, 1:25pm and 4:15pm)

Market Snapshot

• S&P 500 futures down 0.1% to 5,559
• STOXX Europe 600 up 0.3% to 511.60
• MXAP up 2.3% to 182.50
• MXAPJ up 1.7% to 568.04
• Nikkei up 3.6% to 38,062.67
• Topix up 3.0% to 2,678.60
• Hang Seng Index up 1.9% to 17,430.16
• Shanghai Composite little changed at 2,879.43
• Sensex up 1.4% to 80,244.35
• Australia S&P/ASX 200 up 1.3% to 7,971.05
• Kospi up 2.0% to 2,697.23
• German 10Y yield little changed at 2.25%
• Euro up 0.1% to $1.0987
• Brent Futures down 0.6% to $80.55/bbl
• Gold spot up 0.3% to $2,463.22
• US Dollar Index down 0.12% to 102.85

Top Overnight News

• Fed Chair Powell is to speak on August 23rd at 10:00EDT/15:00BST at the Kansas City Fed’s Jackson Hole Symposium.
• Atlanta Fed GDPnow (Q3): 2.4% (prev. 2.9%) following the retail trade, industrial production, and import/export prices data.
• US VP Harris is to call for the construction of 3mln new housing units and tax incentives to build homes for first-time buyers, according to WSJ.
• Texas Instruments (TXN) signs prelim agreement to receive up to USD 1.6bln in Chips and Science act proposed funding for semiconductor manufacturing in Texas and Utah
• A popular yen-centered carry trade that blew up spectacularly two weeks ago is staging a comeback.
• The largest unwind in US equities since the Covid-19 pandemic is over, and now trend-following quant funds are ready to return to the stock market
• China’s central bank chief pledged further steps to support his nation’s economic recovery, while cautioning that it won’t be adopting “drastic” measures
• UK retail sales bounced back in July after summer discounts and the Euros football competition unleashed spending at department stores and sports shops
• Saudi Arabia is expected to put less money into the oil industry than initially predicted in its goal to invest $1 trillion in strategic sectors by the end of the decade

A more detailed look at global markets courtesy of Newsquawk

APAC stocks followed suit to the rally on Wall St after a US data deluge soothed recent economic concerns. ASX 200 gained as the commodity-related sectors spearheaded the advances seen across all industries. Nikkei 225 outperformed and surged firmly above the 37,000 level following recent currency weakness. Hang Seng and Shanghai Comp. were positive with JD.com, MTR, Li Ning and Alibaba among the biggest gainers in Hong Kong post-earnings, while the mainland index continued to lag amid lingering economic concerns.

Top Asian News

• RBA Governor Bullock said the board is of the view that it currently has the balance right between reducing inflation in a reasonable timeframe and noted their full employment goal is not served by letting inflation stay above target indefinitely. Bullock said based on what the board knows at present, it does not expect that it will be in a position to cut rates in the near term and the board’s message is that it is premature to be thinking about rate cuts, while she added that although goods price inflation has declined substantially, it has not been enough to offset continued high services price inflation. Furthermore, Bullock said the government and RBA are in complete agreement regarding inflation reduction and stated that public demand is currently not the main priority.
• RBNZ Governor Orr said the committee has achieved a very strong level of confidence that low and stable inflation is back within 1% and 3%, while he wants to see inflation expectations and pricing intentions continue to remain anchored.

European bourses, Stoxx 600 (+0.5%) are almost entirely in the green, in a continuation of the optimism seen following the strong US Retail Sales figure seen in the prior session. European sectors hold a positive tilt and with a cyclical bias; sectors such as Autos, Retail and Travel & Leisure are towards the top of the pile. Telecoms is towards the foot of the pile alongside Optimised Personal Care. US Equity Futures (ES +0.1%, NQ +0.2%, RTY +0.3%) are entirely in the green, continuing the Retail Sales induced strength; the RTY, once again, outperforms.

Top European News

• EU’s Vestager will not return for a third term as the EU’s top antitrust official with the Danish government preparing to nominate a different candidate as their EU commissioner, according to FT.

FX

• USD is softer across the board vs. peers in an unwind of some of the bullishness seen in the wake of Thursday’s solid US retail sales. DXY is now back on a 102 handle after being as high as 103.22 on Thursday.
• EUR is edging gains vs. an across-the-board weaker dollar but the EUR/USD pair is unable to reclaim a 1.10 status after being as high as 1.1047 earlier in the week (YTD peak). Currently trading around 1.0980.
• GBP is stronger vs. the USD and to a lesser extent the EUR. Little follow-through into the pound was seen after a broadly in-line UK retail sales print. Currently trading near session highs at around 1.289.
• JPY is firmer vs. the USD with the Yen attempting to claw back some of the damage done by yesterday’s US retail sales report. Thus far, USD/JPY has been as low as 148.61.
• NZD/USD is attempting to claw back lost ground seen in the wake of this week’s RBNZ rate cut and dovish commentary from Governor Orr. AUD/USD is extending its rise on a 0.66 handle and moved back above its 200 and 100DMAs at 0.6601 and 0.6605 respectively.
• PBoC set USD/CNY mid-point at 7.1464 vs exp. 7.1739 (prev. 7.1399).

Fixed Income

• USTs have climbed slightly above 113-00, as the complex received a modest bid in recent trade. Docket features Building Permits/Housing Starts, Uni. of Michigan prelim. and remarks from Fed’s Goolsbee.
• Bunds are contained as benchmarks generally hold around the post-Retail Sales/IJC lows seen on Thursday. In a thin 25 tick band which is entirely within yesterday’s much wider 134.08-135.07 range.
• Gilts are incrementally firmer with the narrative in-fitting with EGBs. No move in Gilts or BoE pricing after an in-line set of Retail data. Currently holding shy of 100.00 in 99.86-100.08 parameters.

Commodities

• Crude is lower in a paring to the prior day’s gains. This morning’s price action has been contained to within yesterday’s range, although some downticks coincided with reports that Libya’s Waha oil field is to return to full normal levels within the coming hours after production was reduced amid a fire. Brent Oct at the foot of an 80.02-81.02/bbl parameter.
• Mixed trade across precious metals, with the gains in spot gold and spot palladium modest at the time of writing, while spot silver resides in the red as it gives back some of the gains following yesterday’s upside in which the metal soared some 3%. Spot gold sits in the green after finding support at USD 2,450/oz (vs high USD 2,464.57/oz).
• Modest losses across base metals following yesterday’s surge fuelled by the US data deluge which ultimately pointed to a more balanced economy.
• Qatar lowered its October Al Shaheen crude term price to USD 0.87/bbl above Dubai quotes from a previous premium of USD 1.88/bbl in September.
• China July Crude Iron Ore Output -20.9% Y/Y at 70.22mln metric tons; Alumina +3.9% Y/Y at 7.21mln; Refined Copper +7% Y/Y at 1.1mln; Lead +1.1% Y/Y; Zinc +0.9% Y/Y.
• Libya’s Waha Oil Company says it is expecting to return to normal level within the coming hours; it has finished maintenance and pumping started from field to ES-Sider port (250k BPD capacity).

Middle East: Geopolitics

• US official said mediators concluded a ‘constructive day’ of discussions on Gaza ceasefire and talks are to continue on Friday, according to Reuters. It was separately reported that there is a high probability the Doha negotiations will continue until Saturday, according to Al Arabiya citing an Israeli official.
• US assessments are that Iran will not seek to disrupt ongoing cease-fire negotiations in Doha aimed at ending the Hamas-Israel war and technical talks could stretch into the weekend, but it is unclear how long Iran and its proxies may hold off, according to CBS.
• UK Foreign Minister Lammy is set to travel to Israel “in an attempt to prevent an all-out war in the Middle East”, according to Sky News citing a diplomatic source.
• US CENTCOM said its forces “successfully destroyed one Iranian-backed Houthi ground control station in a Houthi-controlled area of Yemen” over the past 24 hours, according to Iran International.
• Hezbollah has said that the counterattack will not occur during talks with Qatar, via Kann’s Kais citing the Washington Post; “The response can wait, it is not urgent and has no time limit.”.

Middle East: Other

• Russian President Putin’s aide said the attack on Kursk was planned with the participation of NATO and Western intelligence, and Ukraine would not have attacked Kursk without US support, according to Al Arabiya
• North Korean leader Kim said in a message to Russian President Putin that Russia will be victorious in a “sacred war” for peace and justice, while he added that the two countries will promote building a multi-polarised new world, according to KCNA. Furthermore, Russian President Putin reaffirmed a commitment to implement a strategic partnership agreement, in a message to- NYSE has withdrawn a proposed rule change application to list and trade options based on the Bitwise Bitcoin ETF and the Grayscale Bitcoin Trust, via CoinDesk citing an SEC filing North Korean leader Kim.

US Event Calendar

• 08:30: July Housing Starts, est. 1.33m, prior 1.35m
• 08:30: July Housing Starts MoM, est. -1.5%, prior 3.0%
• 08:30: July Building Permits, est. 1.43m, prior 1.45m, revised 1.45m
• 08:30: July Building Permits MoM, est. -2.0%, prior 3.4%, revised 3.9%
• 10:00: Aug. U. of Mich. Sentiment, est. 66.9, prior 66.4
• 10:00: Aug. U. of Mich. Current Conditions, est. 63.1, prior 62.7
• 10:00: Aug. U. of Mich. Expectations, est. 68.5, prior 68.8
• 10:00: Aug. U. of Mich. 1 Yr Inflation, est. 2.8%, prior 2.9%
• 10:00: Aug. U. of Mich. 5-10 Yr Inflation, est. 2.9%, prior 3.0%

Central Bank speakers

• 07:00: Fed’s Goolsbee on NPR’s Morning Edition
• 13:25: Fed’s Goolsbee Speaks in Fireside Chat
• 16:15: Fed’s Goolsbee on CNN

2B) European report

Equities on the front foot, USD lower & Crude slips on Libya’s Waha updates – Newsquawk US Market Open

Friday, Aug 16, 2024 – 05:56 AM

• Equities are modestly firmer, ex-FTSE 100, in a continuation of the optimism seen in the prior session
• Dollar is softer vs peers, Kiwi outperforms and USD/JPY holds around 148.70
• USTs are contained, but off worst levels, Gilts fairly unreactive to its own Retail Sales, holding just shy of 100.00
• Crude is on the backfoot, with pressure fuelled by updates from Libya’s Waha Oil Company, XAU incrementally firmer whilst base metals are mostly lower
• Looking ahead, US Building Permits/Housing Starts, Uni. of Michigan (Prelim.), Comments from Fed’s Goolsbee

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EUROPEAN TRADE

EQUITIES

• European bourses, Stoxx 600 (+0.5%) are almost entirely in the green, in a continuation of the optimism seen following the strong US Retail Sales figure seen in the prior session.
• European sectors hold a positive tilt and with a cyclical bias; sectors such as Autos, Retail and Travel & Leisure are towards the top of the pile. Telecoms is towards the foot of the pile alongside Optimised Personal Care.
• US Equity Futures (ES +0.1%, NQ +0.2%, RTY +0.3%) are entirely in the green, continuing the Retail Sales induced strength; the RTY, once again, outperforms.
• Click for the sessions European pre-market equity newsflow
• Click for the additional news
• Click for a detailed summary

FX

• USD is softer across the board vs. peers in an unwind of some of the bullishness seen in the wake of Thursday’s solid US retail sales. DXY is now back on a 102 handle after being as high as 103.22 on Thursday.
• EUR is edging gains vs. an across-the-board weaker dollar but the EUR/USD pair is unable to reclaim a 1.10 status after being as high as 1.1047 earlier in the week (YTD peak). Currently trading around 1.0980.
• GBP is stronger vs. the USD and to a lesser extent the EUR. Little follow-through into the pound was seen after a broadly in-line UK retail sales print. Currently trading near session highs at around 1.289.
• JPY is firmer vs. the USD with the Yen attempting to claw back some of the damage done by yesterday’s US retail sales report. Thus far, USD/JPY has been as low as 148.61.
• NZD/USD is attempting to claw back lost ground seen in the wake of this week’s RBNZ rate cut and dovish commentary from Governor Orr. AUD/USD is extending its rise on a 0.66 handle and moved back above its 200 and 100DMAs at 0.6601 and 0.6605 respectively.
• PBoC set USD/CNY mid-point at 7.1464 vs exp. 7.1739 (prev. 7.1399).
• Click for a detailed summary
• Click for NY OpEx Details

FIXED INCOME

• USTs have climbed slightly above 113-00, as the complex received a modest bid in recent trade. Docket features Building Permits/Housing Starts, Uni. of Michigan prelim. and remarks from Fed’s Goolsbee.
• Bunds are contained as benchmarks generally hold around the post-Retail Sales/IJC lows seen on Thursday. In a thin 25 tick band which is entirely within yesterday’s much wider 134.08-135.07 range.
• Gilts are incrementally firmer with the narrative in-fitting with EGBs. No move in Gilts or BoE pricing after an in-line set of Retail data. Currently holding shy of 100.00 in 99.86-100.08 parameters.
• Click for a detailed summary

COMMODITIES

• Crude is lower in a paring to the prior day’s gains. This morning’s price action has been contained to within yesterday’s range, although some downticks coincided with reports that Libya’s Waha oil field is to return to full normal levels within the coming hours after production was reduced amid a fire. Brent Oct at the foot of an 80.02-81.02/bbl parameter.
• Mixed trade across precious metals, with the gains in spot gold and spot palladium modest at the time of writing, while spot silver resides in the red as it gives back some of the gains following yesterday’s upside in which the metal soared some 3%. Spot gold sits in the green after finding support at USD 2,450/oz (vs high USD 2,464.57/oz).
• Modest losses across base metals following yesterday’s surge fuelled by the US data deluge which ultimately pointed to a more balanced economy.
• Qatar lowered its October Al Shaheen crude term price to USD 0.87/bbl above Dubai quotes from a previous premium of USD 1.88/bbl in September.
• China July Crude Iron Ore Output -20.9% Y/Y at 70.22mln metric tons; Alumina +3.9% Y/Y at 7.21mln; Refined Copper +7% Y/Y at 1.1mln; Lead +1.1% Y/Y; Zinc +0.9% Y/Y.
• Libya’s Waha Oil Company says it is expecting to return to normal level within the coming hours; it has finished maintenance and pumping started from field to ES-Sider port (250k BPD capacity).
• Click for a detailed summary

NOTABLE DATA RECAP

• UK Retail Sales MM (Jul) 0.5% vs. Exp. 0.5% (Prev. -1.2%, Rev. -0.9%); Retail Sales Ex-Fuel YY (Jul) 1.4% vs. Exp. 1.4% (Prev. -0.8%); Retail Sales Ex-Fuel MM (Jul) 0.7% vs. Exp. 0.8% (Prev. -1.5%, Rev. -1.3%); YY (Jul) 1.4% vs. Exp. 1.4% (Prev. -0.2%, Rev. -0.3%)
• EU Eurostat Trade NSA, Eur (Jun) 22.3B EU (Prev. 13.9B EU)

NOTABLE EUROPEAN HEADLINES

• EU’s Vestager will not return for a third term as the EU’s top antitrust official with the Danish government preparing to nominate a different candidate as their EU commissioner, according to FT.

NOTABLE US HEADLINES

• Fed Chair Powell is to speak on August 23rd at 10:00EDT/15:00BST at the Kansas City Fed’s Jackson Hole Symposium.
• Atlanta Fed GDPnow (Q3): 2.4% (prev. 2.9%) following the retail trade, industrial production, and import/export prices data.
• US VP Harris is to call for the construction of 3mln new housing units and tax incentives to build homes for first-time buyers, according to WSJ.
• Texas Instruments (TXN) signs prelim agreement to receive up to USD 1.6bln in Chips and Science act proposed funding for semiconductor manufacturing in Texas and Utah

GEOPOLITICS

MIDDLE EAST

• US official said mediators concluded a ‘constructive day’ of discussions on Gaza ceasefire and talks are to continue on Friday, according to Reuters. It was separately reported that there is a high probability the Doha negotiations will continue until Saturday, according to Al Arabiya citing an Israeli official.
• US assessments are that Iran will not seek to disrupt ongoing cease-fire negotiations in Doha aimed at ending the Hamas-Israel war and technical talks could stretch into the weekend, but it is unclear how long Iran and its proxies may hold off, according to CBS.
• UK Foreign Minister Lammy is set to travel to Israel “in an attempt to prevent an all-out war in the Middle East”, according to Sky News citing a diplomatic source.
• US CENTCOM said its forces “successfully destroyed one Iranian-backed Houthi ground control station in a Houthi-controlled area of Yemen” over the past 24 hours, according to Iran International.
• Hezbollah has said that the counterattack will not occur during talks with Qatar, via Kann’s Kais citing the Washington Post; “The response can wait, it is not urgent and has no time limit.”.

OTHER

• Russian President Putin’s aide said the attack on Kursk was planned with the participation of NATO and Western intelligence, and Ukraine would not have attacked Kursk without US support, according to Al Arabiya
• North Korean leader Kim said in a message to Russian President Putin that Russia will be victorious in a “sacred war” for peace and justice, while he added that the two countries will promote building a multi-polarised new world, according to KCNA. Furthermore, Russian President Putin reaffirmed a commitment to implement a strategic partnership agreement, in a message to- NYSE has withdrawn a proposed rule change application to list and trade options based on the Bitwise Bitcoin ETF and the Grayscale Bitcoin Trust, via CoinDesk citing an SEC filing North Korean leader Kim.

CRYPTO

• Bitcoin continues to advance and holds firmly above USD 58k, with Ethereum also heading higher and above USD 2.6k.
• NYSE has withdrawn a proposed rule change application to list and trade options based on the Bitwise Bitcoin ETF and the Grayscale Bitcoin Trust, via CoinDesk citing an SEC filing.

APAC TRADE

• APAC stocks followed suit to the rally on Wall St after a US data deluge soothed recent economic concerns.
• ASX 200 gained as the commodity-related sectors spearheaded the advances seen across all industries.
• Nikkei 225 outperformed and surged firmly above the 37,000 level following recent currency weakness.
• Hang Seng and Shanghai Comp. were positive with JD.com, MTR, Li Ning and Alibaba among the biggest gainers in Hong Kong post-earnings, while the mainland index continued to lag amid lingering economic concerns.

NOTABLE ASIA-PAC HEADLINES

• RBA Governor Bullock said the board is of the view that it currently has the balance right between reducing inflation in a reasonable timeframe and noted their full employment goal is not served by letting inflation stay above target indefinitely. Bullock said based on what the board knows at present, it does not expect that it will be in a position to cut rates in the near term and the board’s message is that it is premature to be thinking about rate cuts, while she added that although goods price inflation has declined substantially, it has not been enough to offset continued high services price inflation. Furthermore, Bullock said the government and RBA are in complete agreement regarding inflation reduction and stated that public demand is currently not the main priority.
• RBNZ Governor Orr said the committee has achieved a very strong level of confidence that low and stable inflation is back within 1% and 3%, while he wants to see inflation expectations and pricing intentions continue to remain anchored.

DATA RECAP

• Singapore Non-Oil Exports MM (Jul) 12.2% vs. Exp. 2.2% (Prev. -0.4%); Non-Oil Exports YY (Jul) 15.7% vs. Exp. 1.2% (Prev. -8.7%)

2C) ASIAN REPORT

Wall St. rally continued into APAC trade, geopols. in focus – Newsquawk Europe Market Open

Friday, Aug 16, 2024 – 02:10 AM

• APAC stocks followed suit to the rally on Wall St after a US data deluge soothed recent economic concerns.
• DXY marginally eased back beneath the 103.00 level after recently strengthening alongside the data deluge stateside.
• Israel will be on maximum readiness for a response from Hezbollah this weekend; Biden admin is reportedly “open” to sending long-range cruise missiles to Ukraine.
• European equity futures indicate a mildly positive open with Euro Stoxx 50 futures up 0.3% after the cash market finished with gains of 1.7% on Thursday.
• Looking ahead, highlights include UK Retail Sales, US Building Permits/Housing Starts, Uni. of Michigan (Prelim.), and Comments from Fed’s Goolsbee.

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US TRADE

EQUITIES

• US stocks rallied and the dollar strengthened, while Treasuries saw notable weakness in reaction to the stronger-than-expected US retail sales and the surprise fall in initial jobless claims which helped ease recent economic concerns and pushed back against expectations for a 50bp rate cut from the Fed in September.
• SPX +1.61% at 5,543, NDX +2.46% at 19,490, DJIA +1.39% at 40,563, RUT +2.45% at 2,135
• Click here for a detailed summary.

NOTABLE HEADLINES

• Fed Chair Powell is to speak on August 23rd at 10:00EDT/15:00BST at the Kansas City Fed’s Jackson Hole Symposium.
• Atlanta Fed GDPnow (Q3): 2.4% (prev. 2.9%) following the retail trade, industrial production, and import/export prices data.
• US VP Harris is to call for the construction of 3mln new housing units and tax incentives to build homes for first-time buyers, according to WSJ.

APAC TRADE

EQUITIES

• APAC stocks followed suit to the rally on Wall St after a US data deluge soothed recent economic concerns.
• ASX 200 gained as the commodity-related sectors spearheaded the advances seen across all industries.
• Nikkei 225 outperformed and surged firmly above the 37,000 level following recent currency weakness.
• Hang Seng and Shanghai Comp. were positive with JD.com, MTR, Li Ning and Alibaba among the biggest gainers in Hong Kong post-earnings, while the mainland index continued to lag amid lingering economic concerns.
• US equity futures marginally extended on the recent data-fuelled momentum.
• European equity futures indicate a mildly positive open with Euro Stoxx 50 futures up 0.3% after the cash market finished with gains of 1.7% on Thursday.

FX

• DXY marginally eased back beneath the 103.00 level after recently strengthening alongside the data deluge stateside where US Retail Sales topped forecasts and jobless claims unexpectedly declined, while there are more data releases scheduled later including US building approvals, housing starts and the Uni. of Michigan survey.
• EUR/USD recouped some lost ground although price action was limited and remained beneath the 1.1000 handle.
• GBP/USD kept afloat after recent whipsawing and mostly in-line GDP data, while UK Retail Sales data looms.
• USD/JPY pared some of its recent gains following a brief US data-induced surge to above the 149.00 level.
• Antipodeans eked mild gains amid tailwinds from the positive risk appetite and central bank rhetoric including from RBA Governor Bullock who stuck to the hawkish script and reiterated it is premature to be thinking about rate cuts.
• PBoC set USD/CNY mid-point at 7.1464 vs exp. 7.1739 (prev. 7.1399).

FIXED INCOME

• 10-year UST futures regained some composure and just about returned to above the 113.00 level after slumping yesterday on the stronger-than-expected Retail Sales and decline in Initial Jobless Claims.
• Bund futures rebounded off the prior day’s lows although the recovery was limited with light catalysts ahead.
• 10-year JGB futures were subdued after Thursday’s after-hours selling owing to the US data, while the latest 10-year inflation-indexed JGB auction resulted in a softer bid-to-cover and lower accepted prices.

COMMODITIES

• Crude futures gradually pulled back after climbing yesterday amid the US data and the geopolitical backdrop.
• Qatar lowered its October Al Shaheen crude term price to USD 0.87/bbl above Dubai quotes from a previous premium of USD 1.88/bbl in September.
• Spot gold was little changed as price action calmed down from the recent data-induced fluctuations.
• Copper futures gradually pared some of the spoils from the prior day’s rally as Chinese sentiment lagged.

CRYPTO

• Bitcoin rebounded overnight and tested the USD 58,000 level to the upside.

NOTABLE ASIA-PAC HEADLINES

• RBA Governor Bullock said the board is of the view that it currently has the balance right between reducing inflation in a reasonable timeframe and noted their full employment goal is not served by letting inflation stay above target indefinitely. Bullock said based on what the board knows at present, it does not expect that it will be in a position to cut rates in the near term and the board’s message is that it is premature to be thinking about rate cuts, while she added that although goods price inflation has declined substantially, it has not been enough to offset continued high services price inflation. Furthermore, Bullock said the government and RBA are in complete agreement regarding inflation reduction and stated that public demand is currently not the main priority.
• RBNZ Governor Orr said the committee has achieved a very strong level of confidence that low and stable inflation is back within 1% and 3%, while he wants to see inflation expectations and pricing intentions continue to remain anchored.

DATA RECAP

• Singapore Non-Oil Exports MM (Jul) 12.2% vs. Exp. 2.2% (Prev. -0.4%)
• Singapore Non-Oil Exports YY (Jul) 15.7% vs. Exp. 1.2% (Prev. -8.7%)

GEOPOLITICAL

MIDDLE EAST

• US official said mediators concluded a ‘constructive day’ of discussions on Gaza ceasefire and talks are to continue on Friday, according to Reuters. It was separately reported that there is a high probability the Doha negotiations will continue until Saturday, according to Al Arabiya citing an Israeli official.
• Hamas official reiterated that any deal should achieve a complete ceasefire, complete withdrawal from Gaza, return of hostages, return of the displaced, and a hostage exchange deal, while the group said any negotiation must be based on a clear plan to implement what was agreed on previously.
• White House’s Kirby said the start of negotiations in Doha is an encouraging step to bridge the gaps in the agreement and they expect difficult negotiations on Gaza, while he added that Israel and Hamas must make concessions and work on the final details, according to Al Arabiya.
• US assessments are that Iran will not seek to disrupt ongoing cease-fire negotiations in Doha aimed at ending the Hamas-Israel war and technical talks could stretch into the weekend, but it is unclear how long Iran and its proxies may hold off, according to CBS.
• Israeli sources noted it is estimated that Hezbollah’s retaliation could occur within days and Israel will be on maximum readiness for a response from Hezbollah this weekend, according to Sky News Arabia. It was separately reported that estimates in Tel Aviv are that Hezbollah is determined to attack Israel and will not wait for Iran, according to Alsharq News citing Israeli Channel 13.
• UK Foreign Minister Lammy is set to travel to Israel “in an attempt to prevent an all-out war in the Middle East”, according to Sky News citing a diplomatic source.
• US CENTCOM said its forces “successfully destroyed one Iranian-backed Houthi ground control station in a Houthi-controlled area of Yemen” over the past 24 hours, according to Iran International.
• Iraq said the date of ending the US-led coalition’s mission has been postponed due to the latest developments, according to the Foreign Ministry.

OTHER

• US President Biden’s administration is reportedly “open” to sending long-range cruise missiles to Ukraine in “a move that would give Kyiv’s F-16s greater combat punch as it seeks to gain further momentum in its fight against Russia”, according to Politico. Furthermore, an official said no final decision has been made on sending the missile, but the administration is working through the complicated details now.
• US Pentagon said Russia and Iran deepened their military partnership, according to Walla News’ Elster.
• Russian President Putin’s aide said the attack on Kursk was planned with the participation of NATO and Western intelligence, and Ukraine would not have attacked Kursk without US support, according to Al Arabiya
• North Korean leader Kim said in a message to Russian President Putin that Russia will be victorious in a “sacred war” for peace and justice, while he added that the two countries will promote building a multi-polarised new world, according to KCNA. Furthermore, Russian President Putin reaffirmed a commitment to implement a strategic partnership agreement, in a message to North Korean leader Kim.

EU/UK

NOTABLE HEADLINES

• EU’s Vestager will not return for a third term as the EU’s top antitrust official with the Danish government preparing to nominate a different candidate as their EU commissioner, according to FT.

2D JAPAN

3 CHINA

CHINA/

China Home Prices Just Plunged The Most Since 2015

China in no rush to save their real estate market

(zerohedge)

Friday, Aug 16, 2024 – 06:55 AM

By George Lei, Bloomberg Markets Live reporter and strategist

Home Prices to Slide Amid Elusive Stimulus

China’s new home prices in July plunged the most since 2015 on a year-over-year basis, as a gauge of homebuilder stocks remain mired in a bear market. Shimao Group Holdings Ltd. — among the biggest companies on the index based on weightings — has seen its share price fall more than 50% over the past three months.

Meanwhile, remarks from the People’s Bank of China Governor Pan Gongsheng suggest policymakers are in no rush to stimulate the economy. That means the country’s battered housing sector will likely struggle to find a bottom.

July’s residential property sale values were 45% below their four-year average, deteriorating further from June when transaction amounts were 37% below average, according to a Thursday note from JPMorgan. The US bank revised lower its 2024 forecast for residential sale values to -17% year-on-year from -13%, implying a 2%-3% year-on-year decline for the rest of 2024.

The disappointing data, however, doesn’t seem likely to nudge Beijing into action. Since last year, policymakers have drip-fed fiscal stimulus into the slowing economy, stopping short of any big moves. The measured response, on top of the housing market downturn, was largely responsible for a surprise moderation in fixed-asset investments in the first seven months of the year.

On Thursday, state media published a pair of interviews with PBOC’s Pan, who hinted that further aid will come to moderate prices but emphasized “policy patience and stability” and pledged to refrain from any “drastic tightening or drastic easing” of monetary policy.

Pan also reiterated the central bank’s commitment to a 300 billion yuan ($41 billion) re-lending program to help fund local-government purchases of unsold homes.

That program, however, is likely far from enough to fix China’s housing woes. The International Monetary Fund said the country probably needs $1 trillion to help complete and deliver properties that are pre-sold yet unfinished, a proposal that was swiftly rejected by Chinese authorities.

Barclays estimates only 4% of the PBOC facility had been tapped by the end of June.

4.EUROPEAN AFFAIRS//UK /SCANDINAVIAN AFFAIRS

ENGLAND

More on the UK riots

(Jerusalem Post)

After UK riots, British Jews grapple with extremism that targeted them

More than 1,000 people have been arrested and at least 466 face charges over the violence that swept Britain starting July 30.

By SHIRA LI BARTOV/JTAAUGUST 16, 2024 02:16

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fdiaspora%2Farticle-814986&unitId=2900003088&userId=0984023a-6fcf-4b29-a5e6-1be85cfd6d0a&isLegacyBrowser=false&isPartitioningSupport=1&version=20240815_fec3147aa24fc1c3984fc22c5b4290a50465133c&useBunnyCDN=0&themeId=140&unitType=tts-player

As riots against Muslims and asylum seekers convulsed Britain over the last two weeks, some instigators also urged attacks on Jews and circulated antisemitic conspiracies online.

More than 1,000 people have been arrested and at least 466 face charges over the violence that swept Britain starting July 30, the day after an attacker stabbed three children to death at a dance class in Southport in northern England. The 17-year-old suspect was born in Wales to parents originally from Rwanda — but false rumors that he was a Muslim asylum seeker flew across the internet, igniting a fervor in far-right groups on platforms like Telegram and X.

A range of far-right factions, neo-Nazi activists and influencers spurred days of violent protests in more than 20 towns across the United Kingdom. Rioters stormed mosques and hotels used to house asylum seekers, attacked non-white people, set cars on fire, looted businesses and injured dozens of police officers.

British lawmakers are reportedly considering strengthening internet safety regulations after seeing how online organizing fueled the riots.

Some of the online spaces that stoked violence against Muslims also encouraged targeting Jews, according to the Community Security Trust, a group that monitors antisemitism in Britain. A Telegram group called “Southport Wake Up,” which amassed 14,000 members before it was shut down, included calls to tolerate “neither brown nor Jew” — although the online rhetoric has not manifested in any physical attacks on the Jewish community.

“In that group, there were lots of people encouraging people to go on the protests, and there were lots of other people very openly saying that as well as targeting mosques, they should target synagogues — ‘It’s not just the Muslims, it’s the Jews,’” CST’s policy director Dave Rich told the Jewish Telegraphic Agency.

Within the online far-right ecosystem, anti-Muslim and anti-immigrant campaigners often interact with neo-Nazis who call for attacks on Jews, said Rich. The internet and social media have turbocharged global networks of white supremacists who take inspiration from each other’s attacks on Muslims, Jews and other minorities.

One administrator of “Southport Wake Up” is believed to be a neo-Nazi based in Finland, according to an investigation by the Finnish public broadcaster YLE. The unnamed man, who was investigated by Finnish police for making an illegal threat in 2021, also runs a Telegram channel dedicated to Nazi ideology. In one post, he filmed himself walking around a synagogue in Helsinki and saying, “We are tired of explaining to you why we want national socialism.”

Several posts in “Southport Wake Up” promoted Holocaust denialism and praised Adolf Hitler. One member wrote that Hitler “was the only politician since Roman times to truly care for his people.”

“Like we are seeing today, Germany in the 1920s was a pit of despair,” said the post. “The Weimar Republic [had] immigration, child prostitution, obscene inflation, degeneracy.”

---

---

The member added that Jews “fabricated” the Holocaust to ensure “they would never again be questioned by Europeans while they destroyed their homelands.”

Another post featured an AI image of a person’s middle fingers in front of an Israeli and a Palestinian flag, accompanied by the caption, “We support neither brown nor Jew. Our nation is our land and our people. Rise, the free Europa armies.”

The riots descended on British towns plagued by economic decline, labor shortages and overburdened public services — all of which some politicians have blamed on immigration. Nigel Farage, formerly one of the chief advocates of Brexit, and currently the leader of the right-wing Reform party, falsely suggested that the Southport suspect was an undocumented immigrant before the police released details.

Rise in antisemitism 

Alongside politicians and far-right activists whipping up Islamophobia, British Jews have also seen a recent surge in antisemitism, particularly following the October 7 massacre and Israel’s ensuing war on Gaza. Antisemitic incidents in the UK more than doubled in the first half of 2024 compared with last year, reaching 1,978 reported incidents, according to CST.

CST works closely with Tell MAMA, or Measuring Anti-Muslim Attacks, a parallel organization that supports Britain’s Muslim community. Since October 7 the groups have met almost every week, speaking jointly with police and prosecutors about combating hate crimes, Rich said.

But the reverberations of the Israel-Hamas war for Jews and Muslims in Britain have strained relations between the communities. The past 10 months have seen a stream of pro-Palestinian demonstrations and university encampments against Israel’s actions in Gaza, drawing thousands of protesters including some British Jews. While the protests have largely been peaceful, a handful of high-profile incidents of violence against Jews have heightened fear among many British Jews. And the rhetoric emerging from the protests has also made some Jews feel uncomfortable, according to Rich.

“It’s pretty clear that after the 7th of October, Muslim-Jewish interfaith dialogue took a real hit,” said Rich. “For quite a while, I think a lot of people found it difficult to maintain those conversations. More recently, there’s been a concerted effort to rebuild things and maybe learn from why, perhaps, that kind of dialogue couldn’t withstand the pressures of the 7th of October and the war since then.”

Rabbi Alexandra Wright, the president of Liberal Judaism in Britain, said the scenes of far-right violence galvanized many members of her community to affirm solidarity with their Muslim neighbors. As a member of a Jewish-Christian-Muslim clergy group in London, she helped prepare a letter of support for Southport’s Muslim community.

Rabbis have visited their neighboring mosques to stand beside imams and speak together, said Wright. Other members of the community joined last week’s tidal wave of counter-protesters, who outnumbered the rioters and formed human shields around asylum centers.

“There’s quite a lot of activism in the Progressive and the Conservative Jewish community, who do quite a lot of campaigning for asylum seekers,” Wright said to JTA. “It’s been really important for Jews to stand by Muslim communities and individuals during this time.”

In the aftermath of October 7, Wright said her focus was on protecting her own deeply worried and fearful community. But the far-right riots reminded her of the importance of nourishing relationships with other minorities, she said.

“There’s a trauma that has caused us to look more inwardly,” said Wright. “It’s taken us much longer to look outwards and say, ‘What do we need to do in order to build dialogue with people who are not of our faith, who are not part of our communities?’ It’s requiring a greater effort, but nevertheless, it’s an effort that must be made.”

END

FRANCE

A must must read. How France has become ungovernable!!

France: Political Chaos

(Gatestone Institute)

Friday, Aug 16, 2024 – 02:00 AM

Authored by Guy Millière via The Gatestone Institute,

Paris. June 9. 8pm. The results of the European Parliament elections were made public.

In France, the party of President Emmanuel Macron garnered 14.6% of the vote, 8 points less than in 2019; the French population had turned away from Macron. The Socialist Party came out with 13.8% of the vote and Rebellious France, a far-left party, 9.89% of the vote. The moderate right party, The Republicans, received only 7.25% of the vote and continued to slide towards insignificance. The right wing National Rally received 31.3% of the vote, 10 points more than in 2019, an extremely high result for a long-marginalized party.

Macron’s policies were clearly rejected by the French electorate. A recent poll showed that only 31% of French people said they were satisfied with his management of the country. He could have decided to wait. He was re-elected in 2022 and can remain president until 2027. His party did not have an absolute majority in the National Assembly (France’s parliament) but was the leading party, which could also remain in place until 2027.

Macron could not ignore that the result obtained by the Rebellious France party was worrying: Rebellious France is not only a far-left party, it is also a party tinged with anti-Semitism and counts supporters of Islamism and terrorist groups such as Hamas in its ranks. Macron also did not ignore that the National Rally’s growing support has come from all those who rejected his management of the country and were apparently extremely worried about what France is becoming.

Macron could see, according to polls, that if legislative elections were organized immediately, his Together party would lose; Rebellious France would gain even more political weight, and the National Rally could win an absolute majority.

He was also aware that the Olympic Games were about take place in Paris, and that since 2017, when he came to power, demonstrations and riots in France have been frequent; any decision on his part could create massive disorder at an extremely bad time.

He nevertheless decided to dissolve the National Assembly and hold legislative elections on very short notice.

He did not warn anyone.

Prime Minister Gabriel Attal, whom he appointed just six months earlier, learned of the decision while speaking on television. He was not shy about showing his anger. Other members of the government learned of the decision at the same time as Attal.

On June 30, the first round of elections led to the expected results. Together (Macron’s party) received a slightly larger share of votes than in the European Parliament elections, but a far smaller than in France’s 2022 parliamentary elections, and was heading towards a scathing defeat. Rebellious France managed quickly to form a left-wing coalition (the New Popular Front), which it dominated and on which it imposed an extremely radical program. It promised large tax increases, disarming the police and immediate regularization of all illegal immigrants in the country.

The left-wing coalition has clearly been gaining ground. Jean-Luc Mélenchon, the leader of Rebellious France, to emphasize that he accepts anti-Semitism and supports Hamas and Islamism, gave a speech on June 30 about his party’s results in the first round, while standing on stage next to an Islamist pro-Hamas activist, newly-elected Member of European Parliament Rima Hassan. Hassan wore a keffiyeh and displayed on her clothes a small Palestinian flag.

The National Rally won an even better result than it had in the European elections: a third of voters gave it their support. The National Rally was well ahead in all electoral districts in the country, except in big cities. It clearly looked able to win a majority in the second round.

Macron then decided to wage total war against the National Rally. He described it in extreme terms and used vocabulary as radical as that used by the leaders of Rebellious France. He could see that the National Rally has a conservative program that is perfectly respectful of institutions, but nevertheless falsely described it as a party belonging to a “fascist” extreme right and a “threat to democracy“. He warned that if the National Rally came to power, the survival of the French republic would be at stake, and added that all parties, including Rebellious France, must unite against the National Rally to defeat it.

An unprecedented situation in France took shape: all the candidates from other parties were asked to withdraw from the election and support the candidate of another party better placed to defeat the National Rally candidate, even if the better-placed candidate belonged to a party that they totally rejected.

Some candidates from Together asked people to vote for Rebellious France candidates, and some Rebellious France candidates asked people to vote for Together candidates. The Republicans also participated in the mayhem. Former President François Hollande, running for a seat in the National Assembly, supported Rebellious France.

The French mainstream media contributed to the operation and fueled fear of “fascism”. They accepted the propaganda. Rappers, who are widely listened to in Islamic no-go zones, released a song that calls for the murder of Jordan Bardella, the president of the National Rally, the rape of party leader Marine Le Pen, and the elimination of “Zionist Jews”. The song was described by some journalists as a courageous “song of resistance” and was broadcast over the radio. One of the lines from the song goes: “From the Jordan to the Seine, Palestine will be free” – a call not just for the destruction of Israel, but for the submission of France to Sharia law and Islam.

On the evening of the second, run-off, round, which was held July 7, it became clear that scaring the public had worked.

The National Rally won only 142 seats out of 577.

Macron’s party, Together, lost a third of its seats and sank from 245 to 166 seats.

Prime Minister Gabriel Attal’s anger is apparently still intact. The other members of the government are also less than euphoric. They knew that Attal could resign soon (he resigned on July 16 and remains in caretaker role), and that it will be the end of the government of which they are part. Any support that Macron still had on June 9 has almost completely evaporated. Macron is alone, discredited.

The “left”, with 184 seats, became the largest group in the National Assembly; Rebellious France, its most powerful component. The party’s leaders present themselves as the spearhead of the “anti-fascist struggle”; claim that they must govern the country, and that to remove them would be to make “concessions to fascism”. They do not bother to hide their anti-Semitism and their support for Hamas and Islam. One of them, Raphael Arnault, a leader of the Antifa movement in France, is on the list established by the French police of people dangerous for the security of the country. This is the first time that a leader of a movement that is officially dangerous for the security of the country has become a member of the National Assembly.

France has become almost ungovernable. No political party has a majority. No party can form a government coalition without having to renounce the most essential part of its program.

The power acquired by Rebellious France means that a government which does not have its approval cannot claim to govern. In addition, no new parliamentary elections can be organized for a year.

France seems to be condemned to political instability and disorder.

National Rally leaders emphasize that their party received the largest number of votes and that Macron’s maneuverings stole the election from them.

Polls have shown for months that a majority of French people would like a firm fight against crime, a stop to illegal immigration, and an end to the Islamization of the country. All these points were on the program of the National Rally.

By having strengthened Rebellious France, Macron created a situation where there will undoubtedly be less fight against crime, more illegal immigration, an increase of Islamization.

Economic data shows that France is currently in a recession. The country’s debt is growing. The debt has increased by 30% in seven years. Year after year, the government budget is in a deficit that is increasing. By the endo of 2024, France’s budget deficit will be 5.1%.

Every year, on average, 500,000 new immigrants, mainly from the Muslim world, settle in France. Hundreds of thousands of illegal immigrants reside in the country. Few are expelled. Islamic no-go zones are growing.

On the evening of July 7, Rebellious France organized a large rally in Paris’s Place de la République. Palestinian flags were everywhere; French flags almost nowhere. Speakers presented hateful slogans against the National Rally, Israel, Jewish journalists, and the police. Demonstrators burned cars and trash cans, and destroyed stores.

Many French Jews are aghast. Before the elections, Nazi hunter Serge Klarsfeld and the former president Representative Council of French Jewish Institutions, Dr. Richard Prasquier, said that, faced with the rise of Islamic left-wing anti-Semitism, they had decided to vote for the National Rally. In fact, the National Rally throughout this period was the only party to explicitly denounce Islamic left-wing anti-Semitism.

Commenting on the results of the election, the Rabbi Moshe Sebbag, of the Grand Synagogue of Paris, said, “there is no future for Jews in France”. He recommended that Jews who could, should leave France.

The Olympic Games, which ended on August, featured in the opening ceremony a decapitated Queen Marie Antoinette, carrying her severed head in her arms, and a blasphemous reenactment of the Last Supper by drag queens, with a nearly-naked man, painted blue, served on a platter. The author Éric Zemmour responded on X

“The great architects of this spectacle (Macron, Boucheron, Hidalgo, etc.) have taken the beauty of Paris, the most beautiful setting in the world, hostage. But these people are not us. They don’t represent us. They are foreign to what we are. Enemies of what we were. They want to impose on us a vision of Man that is not ours.”

At the end of the ceremony, Macron, to loud boos from the crowd, declared the Paris Olympic Games open.

The columnist Ivan Rioufol, in a book published seven years ago, analyzing the first decisions taken by Macron at the start of his presidency, noted that Macron had acted impulsively; had sought to destroy the political parties that had governed France for decades; seemed to have no defined guideline, and seemed to despise the French population. Rioufol added: “His reign will end in a nightmare”.

Are we about to find that out?

END

ENGLAND

Wokism is alive and well in England!

(Watson)

UK Health Workers Ordered To Ask Men If They’re Pregnant Before X-Rays: Report

Friday, Aug 16, 2024 – 06:30 AM

Authored by Steve Watson via Modernity.news,

The Telegraph reports that National Health Service staff in the UK are being mandated to ask everyone, even men, if they are pregnant before carrying out radiography.

The report notes that as part of ‘inclusivity guidance’, all patients aged 12-55 must be asked the question, regardless of their sex.

The new mandate was introduced following an incident where a ‘trans man’ (a biological woman) who was unknowingly pregnant underwent a CT scan.

The guidance states that staff must be inclusive of transgender, non-binary and intersex patients and refrain from making assumptions about biological sex.

HS staff told to ask men if they are pregnant before X-rays

NHS staff told to ask men if they are pregnant before X-rays

From telegraph.co.uk

4:42 AM · Aug 11, 2024

·

93.5K Views

🔴 NHS staff told to ask men if they are pregnant before X-rays https://t.co/xtjs1kJAr5

— The Telegraph (@Telegraph) August 11, 2024

Whistleblowers within the health service have told the Telegraph that new ‘inclusive’ forms to be filled in by patients are causing “confusion and anger” and putting people’s health at risk.

The report further notes that the pregnancy forms have sections asking for sex at birth, preferred name and pronouns, and contain “ridiculous” statements about people who are born with variations in sex characteristics.

A radiographer notes that one male patient who was scheduled to see specialists for an urgent cancer diagnosis “was so annoyed by the questions on the form, he shouted, he left the department and didn’t actually have a scan”.

Other patients were left with doubts about the quality of care they were receiving due to the inclusivity forms.

Women in particular have reacted badly to the new policy, with some “who have had terrible miscarriages, [and] ectopic pregnancies” being reminded of the trauma.

“Instead of just asking ‘is there any chance you could be pregnant?’ and them choosing to say ‘no’, they’re now having to say, ‘I had two ectopic pregnancies, and I don’t have ovaries anymore’ and we then write that down,” a source urged.

Parents are also fuming over the policy, according to sources, charging that their children are being “indoctrinated” to choose preferred pronouns and gender identity.

Figures from the Office For National Statistics show that less than 1 percent of the population identifies as trans or non binary.

This is the latest in a line of such concerns to be aired from within the NHS, as we have previously highlighted.

‘Chestfeeding’ And Other Transgender Terms BANNED In NHS By UK Government

*  *  *

Your support is crucial in helping us defeat mass censorship. Please consider donating via Locals or check out our unique merch. Follow us on X @ModernityNews.

END

ENGLAND/ISRAEL/

Pro Palestine backlash has now forced Barclays to withdraw from Israel bond auction

(Middle East Eye)

Barclays To Withdraw From Israel Bond Auction Amid Pro-Palestine Backlash

Friday, Aug 16, 2024 – 05:00 AM

Via Middle East Eye

British banking giant Barclays is planning to withdraw from new Israel government bond auctions amid pressure from pro-Palestine activists, the Financial Times reported.

The British newspaper said the bank is trying to address criticism of its investments in Israel, which have been put under the spotlight following the start of Israel’s war in Gaza.

Bonds are a form of debt that are sold by states to international and domestic investors in order to raise funds for public spending, with interest being paid by the state to the bond holder. 

Barclays will be withdrawing from the purchase of future Israeli bond offerings, but will continue acting as a “primary dealer”, which helps the state to sell the bonds.

Thursday’s report of a withdrawal does not mean a complete end to involvement by Barclays in the Israel bond market. The Financial Times quoted Israel’s accountant general, Yali Rothenberg, who said: “We appreciate the bank’s statement affirming its continued commitment to the State of Israel.”

“It is crucial that leading global financial institutions, such as Barclays, choose to resist boycotting Israel and support its legitimate right to self-defence as a leading western democracy,” he added.

Pressure on Barclays

Barclays has for years been the target of pro-Palestinian activism over its investments in Israel and its ties to the arms industry.

In June, pro-Palestine activists threw rocks and sprayed red paint on 20 branches of the bank over its ties to arms firms supplying Israel in its war on Gaza. Protest group Palestine Action claimed responsibility for the targeting of the buildings, adding that it worked in coordination with the climate group Shut the System.

The group said it “aims to halt the Palestinian genocide by undermining suppliers of weapons to the Israeli military… along with financial companies involved with these weapons suppliers.”

In May, several Palestinian solidarity organizations published a report stating that Barclays has £2bn ($2.48bn) of investments in companies involved in supplying arms to Israel.

The list of firms in which the financial giant is reported to have interests includes Elbit Systems, and General Dynamics, a US arms firm that produces components for warplanes. Other firms include BAE Systems and Raytheon.

In a statement at the time, Barclays said it provides services to American, British and European companies “that supply defenze products to Nato and its allies.”

“Barclays does not directly invest in these companies… Decisions on the implementation of arms embargos to other nations are the job of respective elected governments. While we support the right to protest, we ask that campaigners do so in a way which respects our customers, colleagues, and property,” it added. 

Israel is currently defending itself from charges of genocide at the International Court of Justice over its conduct in Gaza, where it has reportedly killed at least 39,000 people. Gaza sources say the vast majority of those were women and children.

Prosecutors at the International Criminal Court have also applied for arrest warrants against Israeli Prime Minister Benjamin Netanyahu and Defense Minister Yoav Gallant for crimes against humanity in the military campaign.

END

5/RUSSIAN AND MIDDLE EASTERN AFFAIRS

ISRAEL/HAMAS

Likud hardliners send letter to Netanyahu detailing their 4 ‘red lines’ for hostage deal

As potentially fateful talks for a hostage and ceasefire deal are underway in Qatar, 10 hardliners from the ruling Likud party issue a public letter addressed to Prime Minister Benjamin Netanyahu, detailing four “red lines as members of the Likud movement and as members of the coalition” that must not be compromised on.

One minister and nine lawmakers write that they back the premier in insisting on the four “red lines that must not be crossed.”

The first demand is that Israeli troops physically remain at the Philadelphi Corridor and Rafah Crossing at the Gaza-Egypt border, as well as at the Netzarim Corridor currently bisecting the Strip into two, and that they not be replaced by technological means or non-Israeli forces.

The second is that “the enemy” not be allowed to return to northern Gaza, even if terror operatives pose as civilians.

The third red line is that any deal return all of the hostages.

Their final condition is a “total rejection of any withdrawal” from the border with Lebanon.

end

ISRAEL//WEST BANK

Last night in the west bank

(two commentaries/Jerusalem Post/Times of Israel)

Dozens of masked Israelis riot in the West Bank, Palestinian reportedly shot dead

Following the initial reports, the army added that forces had been transferred to the area and removed the rioters from the village. 

By JERUSALEM POST STAFFAUGUST 15, 2024 21:36Updated: AUGUST 16, 2024 04:43

https://player.jpost.com/public/player.html?player=jpost&media=3755868&url=https://www.jpost.com/breaking-news/article-814967According to Palestinian reports, some 100 Israelis entered the village of Jit near Kalkaliya, set fire to 4 houses and 6 vehicles, August 16, 2024. (CREDIT: Maariv)

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fbreaking-news%2Farticle-814967&unitId=2900003088&userId=0984023a-6fcf-4b29-a5e6-1be85cfd6d0a&isLegacyBrowser=false&isPartitioningSupport=1&version=20240815_fec3147aa24fc1c3984fc22c5b4290a50465133c&useBunnyCDN=0&themeId=140&unitType=tts-player

https://www.jpost.com/breaking-news/article-814967

Dozens of Israeli civilians, some of whom were masked, entered the village of Jit in the West Bank on Thursday night, hurling stones and Molotov cocktails and setting vehicles and buildings on fire, the military said. 

Following the initial reports, the army added that forces had been transferred to the area and removed the rioters from the village. 

One Israeli civilian was arrested by the security forces, and the military said it was examining the report that a Palestinian was killed during the events. 

The IDF also added that a joint IDF, Shin Bet (Israel Security Agency) and police investigation had been opened into the incident. 

Earlier on Thursday, Israeli media reported that rioters had set fire to buildings and vehicles in the Jit village near the West Bank‘s Nablus.

According to the Palestinian Red Crescent, a 22-year-old Palestinian was shot to death.

Politicians respond 

In response to the events, the Prime Minister’s Office released a statement which read, “Prime Minister Netanyahu takes seriously the riots that took place this evening in the village of Jit, which included injury to life and property by Israelis who entered the village.”

“Those who fight terrorism are the IDF and the security forces, and no one else,” the statement added.The statement concluded, “Those responsible for any criminal act will be caught and prosecuted.”

---

---

President Isaac Herzog condemned the events in a post on X, formerly Twitter, “This is an extreme minority that harms the law-abiding settler population, the settlement as a whole, and the name and position of Israel in the world during a particularly sensitive and difficult period.

גורמי ביטחון: עשרות רעולי פנים יהודים הציתו מבנים וכלי רכב פלסטינים בכפר ג'ית בשומרון. עד כה, דווח על ארבעה בתים ושישה כלי רכב שניזוקו בהצתות. כוחות צבא ומג"ב הגיעו למקום כדי לפזר את המתפרעים. אין עצורים@carmeldangor pic.twitter.com/RzYopm1Gby

— כאן חדשות (@kann_news) August 15, 2024

“This is not our way and certainly not the way of Torah and Judaism. Law enforcement officials must act immediately against this serious phenomenon and bring the lawbreakers to justice,” Herzog concluded. 

Defense Minister Yoav Gallant said in response to the events, “At a time when our troops are fighting on the frontlines and defending the State of Israel, a group of radical individuals have launched a riot, and attacked innocent people. They do not represent the values of the communities living in the West Bank. 

“I strongly condemn any form of violence, and fully support the IDF, ISA, and Israeli Police in fulfilling their roles and addressing this issue. 

Gallant further stated, Violent, radical riots are the opposite of every code and value upheld by the State of Israel.”

National Security Minister Itamar Ben-Gvir said in response, “I told the Chief of Staff this evening that the fact that we do not back soldiers to shoot any terrorist who throws stones leads to events such as that which happened tonight.

“At the same time, it is unequivocally forbidden to take the law into one’s own hands,” he added.

“The one who needs to deal with terrorism and deterrence, including against terrorists from the village of Jit, is the IDF,” Ben-Gvir affirmed. 

Finance Minister Bezalel Smotrich also issued a statement in response to the events, which read, “The rioters tonight in Jit are not related in any way to the settlement and the settlers. They are criminals who should be dealt with by the law enforcement authorities with the full severity of the law.”

“We build and develop the settlement in a legal manner, support the IDF in its fight against terrorism, and strongly disapprove of any manifestation of anarchist criminal violence,” Smotrich continued. 

Interior Minister Moshe Arbel condemned the incident, calling “the Shin Bet and the enforcement agencies to act immediately to eradicate the serious nationalist crime that took place.”

“These actions are against the values ​​of Judaism. They are a moral and human abomination and harm the State of Israel and the settlement enterprise in the West Bank,” he added.

Opposition head Yair Lapid said with regard to the events, “The riots of the Jews in the West Bank are a terrible moral low. When there are those in the government who support such events, it will only get worse. This has nothing to do with Judaism.”

MK Benny Gantz stated, “The handful of lawbreakers who committed the acts of violence today in Jit village should be behind bars.

“They harm human morality and Jewish values. They are harming the State of Israel,” he added. 

Gantz also noted that the rioters “deserve unequivocal condemnation from all parts of society and from the entire leadership in Israel.”

Head of The Democrats party, Yair Golan, denounced the events, “The representatives of the rioters in the Jit village were brought into the Knesset by Netanyahu and appointed as ministers. Therefore, this is not an extreme minority and a small problem but a violent group that receives enormous governmental support. Without a change of government, this violent public will continue to rule Israel and lead it to destruction.”

US response

The White House condemned the attacks against the Palestinians according to Reuters on Thursday, adding that they are unacceptable and must stop.

 “Israeli authorities must take measures to protect all communities from harm, this includes intervening to stop such violence, and holding all perpetrators of such violence to account,” a White House National Security Council spokesperson said in a statement.

END

TIMES OF ISRAEL

same story as above

Palestinian killed as settlers torch homes and cars in West Bank village

Over 100 assailants take part in rampage in Jit; unclear who shot dead man in his 20s, while wounding another; suspect arrested; PM, Herzog, Gallant and others denounce violence

By Emanuel Fabian Follow
and ToI StaffToday, 1:42 am

A home torched by masked settlers in the Palestinian town of Jit in the West Bank, August 15, 2024. (Screenshot: X; used in accordance with Clause 27a of the Copyright Law)

Dozens of extremist Israeli settlers, many of them masked, rampaged in the West Bank Palestinian village of Jit on Thursday night, setting fire to homes and vehicles. A Palestinian man was also reported killed amid the attack.

The settlers hurled stones and Molotov cocktails, torching at least four homes and six vehicles in the village, located just west of Nablus. More than 100 assailants were involved, according to an Israeli security official.

The Palestinian Authority health ministry said a 23-year-old Palestinian, named Rasheed Seda, was killed and another Palestinian civilian was critically wounded by the “settlers’ bullets.”

Israeli security sources said it was unclear who had shot the Palestinians.

The Israel Defense Forces said that minutes after the “grave incident” was reported, troops and border police officers were dispatched to the scene. The IDF said the troops used riot dispersal means and live fire in the air while taking the Israelis out of the village.

One of the assailants who participated in the attack was detained and handed over to police, the IDF said.

The military also said it is looking into the death of the Palestinian amid the attack, and had launched a joint investigation with the police and Shin Bet security agency.

“The IDF condemns events of this type and the rioters, who harm security, law and order, and divert the IDF and the security forces from their main mission of thwarting terrorism and protecting the security of the residents,” the military added in a statement.

Police did not respond to requests for comment, directing The Times of Israel to the IDF’s statement.

The prime minister and president both issued strong condemnations of the rampage.

Prime Minister Benjamin Netanyahu’s office said he views the incident “with severity,” but appeared to frame the actions as a misguided attempt to fight terror, rather than as terrorism in of itself, saying: “Those who fight terrorism are only the IDF and security forces, not anyone else.”

The PMO added: “Those responsible for any crime will be caught and prosecuted.”

President Isaac Herzog issued a statement saying he “strongly condemns” the riot.

#شاهد

قطعان المستوطنين يحرقون 4 منازل و6 سيارات خلال هجومهم على قرية جيت شرق قلقيلية. pic.twitter.com/Se28QQK6s9

— Newpress | نيو برس (@NewpressPs) August 15, 2024

“This is an extreme minority that harms the law-abiding community of [settlers] and the settlement movement as a whole, in addition to harming the global reputation of Israel during a particularly sensitive and difficult period,” Herzog lamented.

“This is not our way and certainly not the way of Torah and Judaism. Law enforcement officials must act immediately against this dangerous phenomenon and bring the lawbreakers to justice.”

Defense Minister Yoav Gallant denounced the “handful of extremists” for rampaging in Jit “while our soldiers are fighting on various fronts to defend the State of Israel.”

“I firmly condemn any type of violence and give my full backing to the IDF, the Shin Bet and Israel Police to perform their roles and deal with matter severely,” Gallant wrote in Hebrew on X. “The extremist rioting goes against all moral commandments of the State of Israel.”

He also published an English-language version of the tweet.

יואב גלנט – Yoav Gallant

@yoavgallant

At a time when our troops are fighting on the frontlines, defending the State of Israel, a group of radical individuals have launched a riot, and attacked innocent people. They do not represent the values of the communities living in Samaria. I strongly condemn any form of violence, and fully support the IDF, ISA, and Israeli Police in fulfilling their roles and addressing this issue. Violent, radical riots are the opposite of every code and value upheld by the State of Israel.

5:28 PM · Aug 15, 2024

·

138.5K Views

At a time when our troops are fighting on the frontlines, defending the State of Israel, a group of radical individuals have launched a riot, and attacked innocent people. They do not represent the values of the communities living in Samaria.

I strongly condemn any form of…

— יואב גלנט – Yoav Gallant (@yoavgallant) August 15, 2024

Interior Minister Moshe Arbel, meanwhile, urged the Shin Bet and other law enforcement bodies to “act immediately to eradicate the phenomenon of grave nationalistic crime that took place this evening against innocents in the village of Jit.”

Arbel, a member of the ultra-Orthodox Shas party, said the action “go against the values of Judaism, are a moral and human low point, and harm the State of Israel and the settlement enterprise in Judea and Samaria.”

Far-right Finance Minister Bezalel Smotrich, who is also a minister in the Defense Ministry in charge of settlement affairs, said the storming of Jit was “not connected in any way to the settlement enterprise or to settlers.”

“They are criminals who should be dealt with to the full extent of the law by law enforcement authorities,” Smotrich said.

“We build and develop the settlements in a legal and stately manner, back the IDF in its struggle against terror, and strongly disagree with any display of criminal anarchist violence that has absolutely nothing to do with love of the land and settlement of it.”

Smotrich’s reaction was markedly different from his reaction last year to a similar settler rampage in the West Bank town of Huwara. Days after that incident, he triggered an international outcry by saying Huwara “needs to be wiped out” and that “the State of Israel should do it.”

“There’s no place for violence. Period,” said MK Zvi Sukkot of Smotrich’s Religious Zionism party, a longtime radical settler activist who last year set up a sukkah in Huwara amid clashes there between settlers and Palestinians that followed a terror shooting and other violent incidents.

National Security Minister Itamar Ben Gvir meanwhile lashed out at IDF Chief of Staff Herzi Halevi and Yoav Gallant, claiming they were to blame for the rampage in Jit.

“I told the chief of staff this evening that not backing soldiers in shooting any terrorist who throws rocks leads to the type of incidents like tonight,” Ben Gvir, who heads the ultranationalist Otzma Yehidut party and as head of the National Security Ministry is in charge of police, said in a statement.

“Despite this, it’s unequivocally forbidden to take the law into your own hands,” he continued, without explicitly denouncing the rioters. “It’s the IDF that needs to deal with terror and deterrence, including toward the terrorists from Jit. The time has come for the defense minister to leave this conception and do it.”

Illustrative: Settlers from the Givat Ronen outpost hurl stones at Palestinian protesters (unseen) during clashes in the West Bank village of Burin on April 15, 2014. (Jaafar Ashtiyeh / AFP)

Settler violence spiked after the October 7 massacre carried out by the Hamas terror group in southern Israel, in which some 1,200 people were killed and 251 were taken hostage, but violence was already on the rise before then, according to watchdogs.

Israeli authorities rarely arrest Jewish perpetrators in such attacks. Rights groups lament that convictions are even more unusual, and the vast majority of charges in such attacks are dropped.

Since October 7, troops have arrested some 4,850 wanted Palestinians across the West Bank, including more than 1,960 affiliated with Hamas.

According to the Palestinian Authority health ministry, more than 630 West Bank Palestinians have been killed in that time. The IDF says the vast majority of them were gunmen killed in exchanges of fire, rioters who clashed with troops or terrorists carrying out attacks.

There have also been several cases of settlers killing Palestinians in the past 10 months, some of which are still under investigation.

During the same period, 26 people, including Israeli security personnel, have been killed in terror attacks in Israel and the West Bank. Another five members of the security forces were killed in clashes with terror operatives in the West Bank.

end

end

RUSSIA/UKRAINE

Western battle tanks are now invading Russia. What is Russia’s response?

(zerohedge)

Western Battle Tanks Are Invading Russia: Sky News

Thursday, Aug 15, 2024 – 03:05 PM

In a first which hasn’t been witnessed since World War 2, Western battle tanks have been operating inside Russian territory. Sky News is reporting Thursday that Ukrainian troops have used British Challenger 2 tanks during the ongoing cross-border offensive in Russia’s Kursk region.

“While the UK and Ukraine governments remain tight-lipped on operational details, a source has signaled British tanks have crossed into Russia for Ukraine’s Kursk offensive,” the publication writes.

The Ukrainian armed forces’ 82nd Air Assault Brigade had received up to 14 Challenger 2 tanks starting in January 2023. This highly provocative move condemned by Moscow later prompted Germany and the United States to also provide some tanks.

“According to government policy, the UK has confirmed Ukraine is free to use British weapons on Russian territory,” Sky News reports. “A source said this included Challenger 2 tanks and signaled that they had been used during the Ukrainian incursion, which began on 6 August.”

Sky News continues, “Details on how and when Ukrainian forces deployed Challenger 2 tanks within the Russian region of Kursk were not immediately clear. Neither was the number of tanks that may have been involved.”

If confirmed, this certainly marks one of the single biggest escalations of the war and suggests that French, German, or American tanks might also cross the border into Russia. Already the Russian side has confirmed that its aerial forces took out Bradley Fighting Vehicles during the Kursk raid, which has been unfolding for more than a week.

The US has been among a few countries which have greenlighted Kiev forces’ ability to use Western weapons to strike positions inside Russia, but only those areas from which strikes on Ukraine are launched.

The White House and Western allies have been vocal in supporting the Kursk operation, but the US claims it did not have foreknowledge of the invasion. President Biden on Tuesday told reporters, “I’ve spoken with my staff on a regular basis probably every four or five hours for the last six or eight days.”

He said that “it’s creating a real dilemma for Putin.  And we’ve been in direct contact — constant contact with — with the Ukrainians.”

Russian Telegram channels have since picked up on unverified video purporting to show a Challenger 2 tank in Kursk…

video shows the destruction of a British Challenger II tank by Russian Armed Forces in the border area pic.twitter.com/BadFMaFjwE

— S p r i n t e r (@SprinterFamily) August 15, 2024

On Thursday Politico is reporting that the Biden administration is now “open” to providing Ukraine with long-range cruise missiles, which would be “a move that would give Kyiv’s F-16s greater combat punch as it seeks to gain further momentum in its fight against Russia,” according to the publication.

At this point it’s easy to see that none of this will end well.

end

CIA Sees Kursk Raid As Having ‘Punctured The Hubris’ Of Putin

Thursday, Aug 15, 2024 – 08:30 PM

President Joe Biden said this week that he was in “constant contact” with the Ukrainians related to the ongoing invasion of Kursk oblast. “I’ve spoken with my staff on a regular basis probably every four or five hours for the last six or eight days,” Biden told reporters about the fighting in Kursk, which is now at a week-and-a-half.

“And it’s — it’s creating a real dilemma for Putin.  And we’ve been in direct contact — constant contact with — with the Ukrainians,” he added. “That’s all I’m going to say about it while it’s active.”

From the start, US officials have acted like they were in the dark the whole time as to Ukraine’s plans, likely for the purpose of plausible deniability and so Kiev isn’t seen by Moscow as having been directly backed by NATO in the brazen cross-border operation.

National Security Council spokesman John Kirby had initially said on Friday, “We’re in touch with our Ukrainian counterparts, and we are working to gain a better understanding of what they’re doing, what their goals are, what their strategy is, and I’m going to leave a little bit of space for us to have those conversations before I try to characterize what’s going on.”

But on Thursday there are the following interesting lines from the NY Times pointing out that top US officials have been quick to boast about how the operation has dealt a blow to the “hubris” of Putin: 

The operation itself will not drive Russia to the bargaining table, according to U.S. officials. Russia’s president, Vladimir V. Putin, has pledged not to negotiate while Ukraine occupies Russia, and American officials said he should be taken at his word.

But in public speeches, the C.I.A. director, William J. Burns, has spoken about the need to puncture the hubris of Mr. Putin. Russia will not make any concessions, he has said, until Mr. Putin’s overconfidence is challenged and Ukraine shows strength on the battlefield.

The Times also proclaims that this operation has embarrassed Putin and exposed weaknesses. And US officials further say that the fight is about to get a lot dirtier and more risky, in expectation of future sabotage and cross-border campaigns. 

“American officials say Ukraine will have to build on the operation, with other daring operations that can push back against Russia’s sense that its victory is inevitable,” writes NY Times. “Whether that will include more cross-border incursions, secret sabotage missions or other yet-to-be-planned operations remains to be seen.”

These future operations might involve use of US-supplied equipment, just like with the current Kurks mission: “The lack of warning to Kyiv’s foremost Western ally took on even greater meaning when it became clear that Ukraine was using American-supplied vehicles, arms and munitions to help carry out the bold ground operation into Russia,” the report continues.

Ukrainian forces conduct an ambush in Kursk. Seems like there are a lot of these small groups conducting operations in areas the Russians feel are safe to travel. pic.twitter.com/pms8tvKt5H

— Preston Stewart (@prestonstew_) August 15, 2024

Politico is meanwhile separately reporting that the Biden administration is now “open” to providing Ukraine with long-range cruise missiles, which would be “a move that would give Kyiv’s F-16s greater combat punch as it seeks to gain further momentum in its fight against Russia,” according to the publication.

Ukrainian operations and heavy fighting have also reportedly spread to the Belgorod region. Kiev continues to tout ‘victories’ – including the capture of another 100 Russian soldiers on Thursday. Dramatic accounts like the following continue to come out in Western publications: 

A Ukrainian soldier who participated in the first forays of last week’s Kursk incursion said his unit caught Russian troops completely by surprise as the latter were having coffee. His account, published by The Financial Times, adds to a chorus of assessments that Russia had been unprepared and blindsided by Ukraine’s rare cross-border attack on August 6.

The FT wrote that the soldier, identified as Volodymyr, was part of a unit operating a US-provided Stryker armored fighting vehicle.

Volodymyr told the outlet that his unit entered Kursk in the late morning of August 6, and soon found a group of Russian troops “sitting in the forest, drinking coffee at a table.”

“Then our Stryker drives right into their table,” he said, per the FT. “We killed many of them on the first day. Because they were unarmed and didn’t expect us,” he added.

More mass surrenders of Russians in Kursk. https://t.co/UMcumnK8iG

— Jay in Kyiv (@JayinKyiv) August 15, 2024

And now Zelensky has opened a new administrative center in Ukraine. “Ukraine solidified its control over the parts of Russia’s Kursk region it has taken in a 10-day offensive, announcing Thursday the appointment of a military commander to manage the area as well as new battlefield successes,” The Washington Post writes.

The cross-border assault has unfolded over the past ten days, with Ukrainian officials recently floating a plan to hold territory inside Russia as a “buffer zone”. However, Russia has been sending heavy manpower to the region, as well as aerial power.

end

Saudi’s selling 70% of USA treasuries!

SAUDI ARABIA/USA

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

ROBERT H

They Keep Saying Its Rare on X: “Confidential Pfizer documents had revealed 1.6 million adverse events by August 2022. A third were serious injuries to cardiovascular, neurological, thrombotic, immunological, and reproductive systems, along with an alarming increase in cancers. https://t.co/MuPftG7Xv1

And they try again with the balderdash of Mpox
These assholes need to reined in.

https://x.com/mRNAdeaths/status/1824447037745607150

WORLD EVENTS NOTEWORTHY

Global Debt Hits A New High Of $315 Trillion

Friday, Aug 16, 2024 – 02:45 AM

The global debt stock hit a new record in the first quarter of 2024, increasing by $1.3 trillion in just three months.

This deluge in borrowing is a widespread trend across economies.

While the U.S. and Japan were the largest contributors across advanced economies, China, India, and Mexico drove the largest share in emerging markets.

Overall, the global debt-to-GDP ratio reached 333% as higher debt servicing costs and growing debt burdens continue piling up.

This graphic, via Visual Capitalist’s Dorothy Neufeld, shows the stock of global debt in 2024, based on data from the Institute of International Finance (IIF).

A Growing Mountain of Debt

Below, we show how global debt climbed to an all-time high of $315.1 trillion in the first quarter of 2024:

Since the onset of the pandemic, debt has surged by 21%, adding $54.1 trillion to the global total.

Today, the largest share of debt is held by non-financial corporations, at $94.1 trillion, while government borrowings follow closely behind at $91.4 trillion. Meanwhile, the financial sector holds $70.4 trillion in debt and households carry $59.1 trillion.

While stimulus measures fueled an influx of borrowing, it is leaving many economies in a more precarious state. In America, debt servicing costs are now more than defense spending, and the interest bill is set to rise further. Consequently, the government may need to raise taxes or cut spending in order to tackle its debt. So far, neither political party has a meaningful strategy that addresses the country’s fiscal sustainability.

For emerging markets, increasing debt burdens present greater risks. These risks are especially acute if a country experiences sluggish growth during a high rate environment. In this scenario, many emerging markets may need to restructure their debt as borrowing becomes unaffordable.

Even more concerningly, about a third of emerging markets have not recovered from the pandemic, with per capita income standing beneath levels seen in 2019. Over the quarter, debt held by emerging markets hit a record $105 trillion, climbing by $55 trillion over the last 10 years.

END

WORLD HEALTH ISSUES

MARK CRISPIN MILLER

DR PAUL ALEXANDER

Iron Dome: I love the idea of US building it’s own Iron Dome missisle shield across USA especially key cities and locations, major population centers etc.; who cares if the military has not asked for

it, as POTUS he can ask for what he wants & I know Trump 2.0 is a different animal, he will not take NO for an answer. What say you? Is an Iron Dome missile defense system suitable for USA?

Dr. Paul AlexanderAug 16

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‘Former President Donald Trump is reviving his promise to build “the best Iron Dome in the world,” a version of the air defense system built by Israel that experts say probably wouldn’t make much sense for a country with friendly neighbors like Canada and Mexico.’

end

Democratic Republic of Congo reported MONEKYPOX (MPOX) clade/strain known as the Clade 1b subclade; then WHO (& CDC) issued public emergency warnings etc. Now Sweden reports a case of Clade 1b; STOP!

FEAR-PORN! see MONKEYPOX (MPOX) guidance below as this REMAINS an infection/disease of GAY, BISEXUAL, TRANNY, TRANVESTITE Lia Thomas type males; if your are monogamous heterosexual, then no concern!

Dr. Paul AlexanderAug 15

READ IN APP

Again, switch it off, the media and governments are trying to sell you a lie and push untested unsafe ineffective vaccines for all of these…as they did with the fraud PCR-manufactured non-pandemic of COVID (and pure lie of asymptomatic transmission) and now the H5N1, H5N2, H5N8 fake fraud PCR-manufactured non-pandemic avian bird flu.

My suggested GUIDANCE for MONKEYPOX or MPOX:

If the reports are that the monkeypox Clade 1b is more pathological to those afflicted, then why would WHO, CDC, Health Canada, PHAC etc. not be clear with the high-risk GAY, BISEXUAL etc. community to curtail their behavior until the spread is tamped down and stopped?

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

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If this clade out of Congo and now in Sweden is a more dangerous variant of mpox outside the African continent, yet localized to the GAY, BISEXUAL community, why can’t the GAY community etc. control their sexual behavior and work to reduce risk among themselves? Why is this the problem of low-risk monogamous heterosexual populations, UNLESS, UNLESS I say, governments and woke, sick, deranged, psychotic malevolent health officials are deliberately doing nothing and actually ‘promoting’, facilitating and letting the GAY and BISEXUAL population with their high-risk dangerous behaviors, EXPAND monkeypox to the general populations…this is only worrisome and vexing if allowed to expand to the general populations. There is no evidence it is in the general populations. Anywhere globally. We have to constrain it to the high-risk sexual networks it thrives in and work to burn it out there.

Deliberate effort to expand it to the low-risk populations!! Prove me wrong!

IMO what I just stated is what is happening.

Why must GAY and BISEXUAL males still have 100 sexual partners (I am staggered on why GAY men must sleep around so much!!) and go to orgies and bathhouses and then place the low-risk heterosexual community in harms way and thus expand monkeypox to low-risk people? For we know many bisexual males are perverted and sleezy that way, actually in committed marriages or engagements or living with monogamous heterosexual women who have no clue they are sleeping with high-risk men who, on the way home from work or when away from home, goes and fornicates and fellates and engages in high-risk intimate contact with monkeypox or HIV infected men/partners. With lesions, warts, pus filled lesions, infectious lesions.

Bad enough we have to worry about our partners being men or women who went and took the Malone Bourla Bancel Sahin Pfizer, Moderna, Weissman et al. deadly COVID mRNA vaccine that causes vaccine, mRNA, fragments, antibodies, spike protein, spike fragments, LNP etc. shedding to the unvaccinated, the Malone Bourla Bancel Kariko et al. mRNA technology vaccine and content e.g. spike protein, micro mRNAs etc. transmitted in breast milk to baby in utero, crosses the placenta to baby in utero, damaging sperm motility and fertility etc. and even evidence of aerosolized transfer from vaccinated to unvaccinated persons…skin to skin transfer (shedding).

She, the low-risk monogamous heterosexual woman (especially if pregnant, in the state of becoming pregnant or soon after pregnancy (pre-natal, peri-nata etc.) is the lowest risk person in any society for any STD, HIV etc.) thinks she is in a low-risk stable 2 person heterosexual relationship, when her partner is actually engaged in high risk sexual intimacy with HIV infected, STD infected, monkeypox infected men who are deceiving her;

then she gets one of these infections…note again, monkeypox nor was HIV etc., an infection of the general heterosexual population. The CDC and NIH and PHAC and Health Canada and SAGE etc. and our ‘woke’ putrid dangerous sellout leftist governments and their health agencies and officials wish it to be, they WANT it to ‘expand’ to the general population to then tell you that GAYS and BISEXUALS and heterosexuals have the same risk. Are all the same. They are NOT! That has always been the lie and continues to be.

This is ‘woke’ bullshit, this is pure politics and lives are put at risk to satisfy the woke rapture! Innocent people are placed in danger. To promote and sell a lie!

Again, public health has failed because of taboo, woke madness, and not wanting to hurt GAY male feelings and impact the politics, the votes…votes, votes, votes but I speak my mind:

Monkeypox (MPOX) GUIDANCE by Dr. Paul Alexander

GAY and bisexual males, trannies, e.g. people like Bruce Jenner etc., men who have multiple sex partners and engage in rough, skin to skin male penis-male anal sex and biting and tearing etc. given there are micro tears on the penis shaft and anus due to the type of skin-to-skin sexual intimacy gay males/bisexual males engage in must:

1)have no, I mean NO sex for 3-6 months to get this infection to burn out, this Clade 1b, and this must be simultaneous across GAY communities in North America, Europe etc. Global. Due to rapid air travel.

2)GAY males, bisexual males, men who engage in high-risk intimate behaviors and sharing of needles etc. must not have multiple sex partners for 3 to 6 months, confining themselves to one monogamous partner, IF they must have sex. They should STOP UNTIL!

3)no skin to skin contact of any sort among gay, bisexual community, trannies…none!

4)ensuring pus filled pustules, blisters on the penis, on and around the anus, on the skin, do not rupture for the content is highly infectious and function to spread Monkeypox (MPOX); same with most STDs

5)no sharing of sexual intimacy paraphernalia among gay, bisexual community, trannies…no needles, nothing…no bathhouses, no communal bathing etc.

6)public health must enact acute surveillance and contact tracing in the localized communities

7)we should tap low risk pregnancy women in sentinel surveillance just as a precaution to see if there is any expansion

8)IMO if the pathogen is starved of hosts, so NO sexual contact or no multiple partners, then it can burn out without the need for a vaccine

9)enhanced routine public health service messages (PSAs) to the GAY/bisexual high-risk community on curtailing high-risk behavior

10)No vaccine or boosters at this time given the specific vaccine has failed in the target group; I think the focus has to be on PSAs, acute surveillance, contact tracing, and eliminating multiple sex partners. No sex contact especially if symptoms become visible etc. No sex contact for 6 months.

Just say NO!

end

New Zealand’s New PANDEMIC PLAN Will Bring Martial Law, Forced Vaccination; LIONESS OF JUDAH MINISTRY; According to the plan, the minister of health will have the power to “detain, isolate, or quaran

-tine persons, places, buildings, ships, vehicles, aircraft and animals” in the event of a public health scare. Unelected medical officers will have the power to force people to take experimental

Dr. Paul AlexanderAug 16

READ IN APP

drug shots, drug pills and other pharmaceutical poisons for their own good, much like what happened during the Wuhan coronavirus (covid-19) “pandemic.” Police will also have newfound authority to help medical officers and other public health officials enforce the new rules, which will be mandatory for everyone (except those on the top, presumably).”

By Ethan Huff

Excellent substack by Lioness and I share below:

EXPOSING THE DARKNESS

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

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New Zealand’s New PANDEMIC PLAN Will Bring Martial Law, Forced Vaccination

LIONESS OF JUDAH MINISTRY

By Ethan Huff August 12, 2024

Like clockwork, Western hegemony is crumbling to pieces as the world’s tyrants cook up plans to systematically enslave what remains of Western society under full-scale medical martial law.

New Zealand is leading the way with a new pandemic plan that allows the minister of health to utilize “special powers” in the event of an emergency, allowing politicians to become dictators. The goal is to force everyone to take every new “vaccine” that comes down the pike for whatever contrived “pandemic” they come up with next.

According to the plan, the minister of health will have the power to “detain, isolate, or quarantine persons, places, buildings, ships, vehicles, aircraft and animals” in the event of a public health scare.

Unelected medical officers will have the power to force people to take experimental drug shots, drug pills and other pharmaceutical poisons for their own good, much like what happened during the Wuhan coronavirus (covid-19) “pandemic.”

Police will also have newfound authority to help medical officers and other public health officials enforce the new rules, which will be mandatory for everyone (except those on the top, presumably).

Europe’s “vaccination card” program about to go live

By the time you read this, Europe will have also enacted a new “vaccination card” program that is being piloted in the following five member nations of the European Union (EU):

Belgium, Germany, Greece, Latvia, Portugal

Known as the European Vaccination Card, or EVC, the program will put each person’s entire vaccination history on a single card, sheet or file, in the case of smartphones.

Vaccines Today shared an example of how the program works using a 27-year-old nurse named Anna who recently moved from Bremaria to Morvania with her family. Anna and her family now live in a place where they must all provide their vaccination history on demand in order to comply with local regulations.

“She goes online, creates an EVC account with the provider of her choice, and enters her vaccination data from Bremaria,” the report explains about how “simple” and “easy” it is to participate in the EVC program.

“Local regulations,” no matter how compelling, are not law, mind you. As we saw with covid, they are created in an instant by unelected bureaucrats at bodies like the World Health Organization (WHO) and the World Economic Forum (WEF) to control the populations of the world like cattle.

“The [European Vaccination Card] piloted by EUVABECO will use the GDHCN’s trust network, allowing Member States to bilaterally verify the authenticity of digital records through an interoperable trust architecture*,” explains the EUVABECO website about how it works.

“While similar to the EU Digital COVID Certificate in being a portable vaccination record, the EVC serves a different purpose. Unlike the certificate, which often fulfilled legal or health mandates, the EVC is specifically designed to empower individuals by granting them control over their vaccination information. This empowerment is crucial for ensuring continuity of care for those crossing borders or transitioning between healthcare systems.”

The site goes on to explain that the EVC program is available in both printed and digital formats, depending on a person’s comfort level.

“It will feature comprehensive vaccine history information, including detailed textual records, a scannable QR code and downloadable embedded metadata,” the site continues.

“These digital elements, the QR code and metadata, will be securely signed to maintain their authenticity and integrity. Additionally, each vaccine record will be linked to an original master record maintained by a credible health organization, ensuring the data is reliable.”

SLAY NEWS

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CNN’s Dana Bash Caught Lying about Comments Made by Trump & Elon MuskCNN’s Dana Bash has provoked a backlash after she was caught lying about remarks made during a conversation between Elon Musk and President Donald Trump.READ MORE

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Trans Golfer Blasts Female Athletes ‘Who Blame a Transgender Competitor for Their Own Athletic Failures’A male golfer who competes in women’s events has blasted female athletes who complain about being forced to compete against transgenders.READ MORE

The latest reports from Slay NewsTop Study Links Covid Shots to Surge in Organ Damage among ChildrenA team of leading scientific researchers in Germany has just issued a warning to the public after finding direct links between Covid mRNA shots and vital organ damage among children.READ MOREDoctors Stripped of Medical Certifications for Questioning Covid ShotsProminent doctors have been stripped of their medical certifications by the American Board of Internal Medicine (ABIM) after they questioned the safety and efficacy of Covid mRNA shots.READ MORERFK Jr Asks Kamala Harris for Cabinet Position after Calling Biden Admin a ‘Threat to Democracy’Left-wing independent presidential candidate Robert F. Kennedy Jr. has reportedly asked Democrat Vice President Kamala Harris to consider him for a cabinet position if she wins the November election.READ MOREJD Vance Demands ‘Real’ Debate with Tim Walz: Not a ‘Fake News Media Garbage Debate’Republican vice presidential nominee J.D. Vance has declared that he wants a “real” debate with Democrat opponent Tim Walz, rather than the “fake news media garbage” that is normally shoveled onto the American people.READ MOREColumbia University Minouche Shafik Quits amid Backlash over Anti-Israel ProtestsThe embattled president of Columbia University, Minouche Shafik, has just quit amid mounting pressure over her handling of anti-Israel protests at the prestigious New York college.READ MOREReport: Justice Amy Coney Barrett Shifting to the MiddlePresident Donald Trump-appointed Supreme Court Justice Amy Coney Barrett has made a significant shift toward the middle, a new report has claimed.READ MOREFormer California Police Officials Charged over Fake Immigration RaidFormer police officials in California have been arrested and charged after they were caught staging a fake immigration raid.READ MOREBiden Issues Emergency Appeal to Supreme Court to Reinstate Student Debt SchemeAs the end of his lame-duck presidency draws near, Democrat President Joe Biden is now pushing for at least one of his campaign promises to be solidified.READ MOREDOJ Suddenly Finds Biden Biographer’s ‘Missing’ Transcripts from Special Counsel ProbeThe Department of Justice (DOJ) has suddenly located the “missing” transcripts from interviews with lame-duck President Joe Biden and his biographer that were central to Special Counsel Robert Hur’s classified documents probe, a watchdog has revealed.READ MOREBiden Jokes about Being Ousted from Presidency, Says He’s ‘Looking for a Job’Lame-duck President Joe Biden is cracking jokes about being ousted from the presidency by the Democrat elite.READ MOREAmerica Suffers Worst Food Inflation in over Four Decades under Biden-HarrisLame-duck President Joe Biden and his Democrat presidential election replacement Kamala Harris have overseen the worst food inflation in over forty years.READ MOREElon Musk Named in ‘Online Hate’ Lawsuit from Male Boxer Who Won Women’s Gold at Paris OlympicsA male boxer who won a gold medal in the women’s event at the 2024 Paris Olympics has filed a lawsuit for alleged “online hate” from people angry about his “victory.”READ MORETexas Democrat Election Worker Charged with Multiple Felonies for Role in Rigging 2022 MidtermsAn election worker in Harris County, Texas has been charged with multiple felonies for his role in a fraud scheme that resulted in paper ballot shortages in Republican precincts during the 2022 midterms.READ MOREVIEW MORE

EVOL NEWS

Will Trump Be Sentenced to Prison on Sept. 18? – EVOLREAD MORE…

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YourTuber Who Demanded Vaccine Mandates Dies of Heart Failure at 30 – EVOLRead more…WATCH: JD Vance TORCHES New York Times Reporter, Crowd Erupts In Cheers – EVOLRead more…Cisco reports better-than-expected results and issues optimistic forecast – EVOLRead more…Royce White: A candidate’s controversial path from NBA to Maga – EVOLRead more…Gov. Tim Walz agrees to VP debate hosted by CBS News on Oct. 1 – EVOLRead more…Kamala Campaign Accuses Trump of Vocal Issue, Turns Out It Was An Obvious Tech Problem – EVOLRead more…Disney Slammed as ‘Evil’ After Attempting to Use Disney+ Technicality to Quash Widower’s Wrongful Death Lawsuit – EVOLRead more…Starbucks is giving incoming CEO Brian Niccol $85 million in cash and stock for leaving Chipotle – EVOLRead more…

Trump’s Endorsed Representative Wins Election – EVOLREAD MORE…

LATEST NEWS:

8 Turbo Cancer Doctors Killed in Plane Crash Were Traveling to Warn Public about ‘Bombshell’ Discovery – EVOLRead more…Hunter Biden asked US embassy in Italy for help landing Burisma deal… – EVOLRead more…Immigrants Are Becoming U.S. Citizens at Fastest Clips in Years – EVOLRead more…Rep. Ilhan Omar fends off primary challengers following other ‘squad’ member defeats – EVOLRead more…UBS posts $1.14 billion profit in second quarter, smashing expectations – EVOLRead more…Stephen Colbert Praises CNN’s ‘Objectivity’ – Audience Bursts Out Laughing – EVOLRead more…Royce White wins Republican nomination for U.S. Senate to face off against Sen. Amy Klobuchar – EVOLRead more…Trump Calls for Ending Dept of Education – EVOLRead more…

NEWS ADDICTS

YourTuber Who Demanded Vaccine Mandates Dies of Heart Failure at 30A popular YouTube star, who demanded that members of the general public be forced to wear masks and take Covid mRNA shots, has died suddenly from heart failure.READ THE FULL REPORTVIEW MORE NEWS

WHO Demands Monkeypox Vaccine Mandates & Lockdowns ‘For the Entire Globe’The World Health Organization (WHO) is demanding governments around the world tackle monkeypox by enforcing mRNA “vaccine” mandates and strict lockdown protocols “for the entire globe.”READ THE FULL REPORT

WATCH: Joe Biden Urges Audience to ‘Beat the Hell’ Out of RepublicansJoe Biden and Kamala Harris held a rally in a corner of the gym at Prince George’s County Community College in Maryland.READ THE FULL REPORT

JUST IN: US Government Urges Supreme Court to Revive Blocked Student Loan Relief PlanThe federal government called on the Supreme Court on August 13 to restore a $475 billion student loan relief plan that was partially blocked by an appeals court ruling.READ THE FULL REPORT

New Photo Emerges of Thomas Matthew Crooks Walking Around Building With a Gun Before Attempting to Assassinate President TrumpOn Wednesday, Rep. Anna Paulina Luna (R-FL) released a new video showing a would-be assassin casually strolling around a building with a gun before shooting President Trump.READ THE FULL REPORT

Arizona Supreme Court Greenlights Local Police Arrests Near Border; Measure to Appear on November BallotThe Arizona Supreme Court ruled on August 14 that a proposal criminalizing illegal border crossings and granting local law enforcement the authority to make arrests near the state’s southern border with Mexico will be on the November 5 ballot.READ THE FULL REPORT

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 FRIDAY MORNING 6;30AM//OPENING AND CLOSING

EURO VS USA DOLLAR:  1.0992 UP 0.0020

USA/ YEN 148.05 DOWN 0.0179 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 1.2903 UP 0.0045

USA/CAN DOLLAR:  1.3734 DOWN .0004 (CDN DOLLAR UP 4 BASIS PTS)

 Last night Shanghai COMPOSITE CLOSED UP 2.07 PTS OR 0.07%

 Hang Seng CLOSED UP 321.02 PTS OR 1.88%

AUSTRALIA CLOSED UP 1.31%

 // EUROPEAN BOURSE:     MOSTLY ALL GREEN EXCEPT ENGLAND

Trading from Europe and ASIA

I) EUROPEAN BOURSES: MOSTLY ALL GREEN EXCEPT ENGLAND

2/ CHINESE BOURSES / :Hang SENG CLOSED UP 321.02 PTS OR 1.88 %

/SHANGHAI CLOSED UP 2.07 PTS OR 0.07%

AUSTRALIA BOURSE CLOSED UP 1.31%

(Nikkei (Japan) CLOSED UP 1336.03 PTS OR 3.64%

INDIA’S SENSEX  IN THE GREEN

Gold very early morning trading: 2466.00

silver:$28.06

USA dollar index early FRIDAY  morning: 102.58 DOWN 23 BASIS POINTS FROM THURSDAY’s CLOSE.

FRIDAY  MORNING NUMBERS ENDS

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And now your closing  FRIDAY NUMBERS 1: 30 AM

Portuguese 10 year bond yield: 2.855% DOWN 1 in basis point(s) yield

JAPANESE BOND YIELD: +0.877% UP 3 AND 3/ 100   BASIS POINTS /JAPAN losing control of its yield curve/

SPANISH 10 YR BOND YIELD: 3.088 UP 1/2 in basis points yield

ITALIAN 10 YR BOND YIELD 3.632 UP 1 points in basis points yield ./ THE ECB IS QE’ ING ITALIAN BONDS (BUYING ITALIAN BONDS/SELLING GERMAN BUNDS)

GERMAN 10 YR BOND YIELD: 2.2460 DOWN 1 BASIS PTS

END

IMPORTANT CURRENCY CLOSES FOR FRIDAY  

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

Euro/USA 1.0990 UP .0025 OR 25 basis points

USA/Japan: 148.08 DOWN 1.138 OR YEN IS DOWN 114 BASIS PTS

Great Britain 10 YR RATE 3.9590 UP 0 BASIS POINTS //

Canadian dollar UP .0015 OR 15 BASIS pts  to 1.3719

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

The USA/Yuan,  CNY ON SHORE CLOSED UP AT 7.1619 (ON SHORE)  

THE USA/YUAN OFFSHORE:    (YUAN CLOSED (UP)…. (7.1720)

TURKISH LIRA:  33.70 EXTREMELY DANGEROUS LEVEL/DEATH WATCH/HYPERINFLATION TO BEGIN.//ON DEATH WATCH

the 10 yr Japanese bond yield  at +0.877

Your closing 10 yr US bond yield DOWN 3 in basis points from WEDNESDAY at  3.910% //trading well ABOVE the resistance level of 2.27-2.32%)

 USA 30 yr bond yield  4.155 DOWN 6 in basis points  /12.00 PM

USA 2 YR BOND YIELD: 4.056 DOWN 5 BASIS PTS.

GOLD AT 11;00 AM 2485.50

SILVER AT 11;00: 28.30

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

London: CLOSED DOWN 35.94 PTS OR 0.43%

German Dax :  CLOSED UP 139.10 PTS OR 0.77%

Paris CAC CLOSED UP 26.33 PTS OR 0.35%

Spain IBEX CLOSED UP 64.10 OR 0.59%

Italian MIB: CLOSED UP 712.78 OR 2.70

WTI Oil price  76.92 12EST/

Brent Oil:  79.94 12:00 EST

USA /RUSSIAN ROUBLE ///   AT:  88.91 ROUBLE UP 0 AND  9/100      

GERMAN 10 YR BOND YIELD; +2.2460 DOWN 1 BASIS PTS.

UK 10 YR YIELD: 3.9590 UP 0 BASIS POINTS

CDN 10 YEAR RATE: 3.095 DOWN 1 BASIS PTS.

CLOSING NUMBERS: 4 PM

Euro vs USA 1.1018 UP 0.0048   OR 48 BASIS POINTS

British Pound: 1.2939 UP 0.0081 OR 81 basis pts

BRITISH 10 YR GILT BOND YIELD:  3.9300 DOWN 2 BASIS PTS//

JAPAN 10 YR YIELD: 0.877

USA dollar vs Japanese Yen: 147.69 DOWN 1,538 YEN UP 154 BASIS PTS//

USA dollar vs Canadian dollar: 1.3688 DOWN 0.0045//CDN dollar UP 45 BASIS PTS

West Texas intermediate oil: 76.52

Brent OIL:  79.,77

USA 10 yr bond yield DOWN 3 BASIS pts to 3.903

USA 30 yr bond yield DOWN 3 BASIS PTS to 4.153%

USA 2 YR BOND: DOWN 3 PTS AT  4.064

CDN 10 YR RATE 3.092 UP 0 BASIS PTS

USA dollar index: 102.32 DOWN 49 BASIS POINTS

USA DOLLAR VS TURKISH LIRA: 33.69 GETTING QUITE CLOSE TO BLOWING UP/

USA DOLLAR VS RUSSIA//// ROUBLE:  89,45 DOWN 0  AND  50/100 roubles

GOLD  2,504.20 3:30 PM

SILVER: 28.93 3;30 PM

DOW JONES INDUSTRIAL AVERAGE: UP 96.77 PTS OR 0.24%

NASDAQ UP 18.38 PTS OR 0.094 %

VOLATILITY INDEX: 14.95 DOWN 0.28 PTS OR .184%

GLD: $231.90 up .499 OR 2.20%

SLV/ $26.43 up 0.57 OR 2.20%

end

USA AFFAIRS

TODAY’S TRADING IN GRAPH FORM

Gold Soars To Record High, Dollar Dumps As Kamala Unveils ‘Populist’ Economic Plan

Friday, Aug 16, 2024 – 04:00 PM

We are sure it’s just a coincidence…

…but on the day that Kamala Harris unveils her price-fixing, vote-buying agenda for economic growth…

…the dollar plunged to 5-month lows…

Source: Bloomberg

… and gold soared to a record high, topping $2500 for the first time…

Source: Bloomberg

US equities also soared this week to their best week since 2023, led by a a 5%-plus surge in the Nasdaq (up 12% from last Monday’s lows)…

Nasdaq rallied up to a key technical resistance level – at its 50DMA and the last July high…

Which mirrors the rebound in Mag7 stocks (as they rallied up to the late-July highs, but couldn’t break it)…

Source: Bloomberg

Small Caps were lifted by an ongoing short-squeeze…

Source: Bloomberg

VIX was clubbed like a baby seal on the week, extending its largest/fastest retracement ever…

The collapse of implied vol this week leaves a massive discount to the realized vol of the last month…

Source: Bloomberg

Credit markets rallied hard this week, adjust back from “hard landing” to “soft landing” scenarios…

Source: Bloomberg

Despite all the focus on jobless claims, CPI, and retail sales, this week was actually a ‘weak’ one for US macro surprises…

Source: Bloomberg

…and that sparked a hawkish drop in rate-cut expectations – back to pre-payrolls levels (less than 200bps of cuts to end-2025)…

Source: Bloomberg

That prompted weakness at the short-end (+1bps) of the Treasury curve on the week (but the long-end ended 7bps lower on the week). The obvious shift was the bearish rise in yields after CPI…

Source: Bloomberg

The yield curve flattened significantly on the week, with 2s10s re-inverting…

Source: Bloomberg

Another choppy week for crypto but today saw Bitcoin surge back up to $60,000 as Kamala spoke. to end the week unchanged…

Source: Bloomberg

Oil prices were flat on the week after some volatile days…

Source: Bloomberg

The other side of the AI-trade – copper – is not buying the euphoria in AI stocks…

Source: Bloomberg

Also worth noting is that the yen carry trade was not fully embraced to lift stocks…

Source: Bloomberg

Finally, the plunge in the dollar and surge in stocks and gold all took place since Kamala overtook Trump in the prediction markets…

Source: Bloomberg

Coincidence?

AFTERNOON TRADING///

II USA DATA

Housing Starts & Building Permits Plunged To COVID Lows In July

FRIDAY, AUG 16, 2024 – 08:43 AM

After an unexpected jump in June, housing starts and building permits were expected to decline MoM in July (as homebuilder sentiment slipped the lows of the year)… and down they dropped – bigly. Starts tumbled 6.8% MoM (-1.5% exp) and Permits plunged 4.0% MoM (-2.0% exp). June’s starts print was revised lower while permits June print was revised higher…

Source: Bloomberg

This decline dragged both Starts and Permits to their lowest since the COVID lockdowns…

Source: Bloomberg

Single-family Starts plunged (but multi-family home starts rose)…

Source: Bloomberg

But, Single-family Permits fell for the sixth straight month

Source: Bloomberg

Finally, as we mocked yesterday, NAH homebuilder sentiment slumped (but future expected sales jumped). Now we get to see the difference between talk (sentiment surveys) and walk (actual construction)…

So, do you think the US housing market is on a solid footing? And will rate-cuts (or socialism) solve all the problems?

END

Democrats’ Consumer Confidence Rebounded Post-Biden, Buying Conditions Crashed

FRIDAY, AUG 16, 2024 – 10:12 AM

UMich sentiment survey shows that preliminary August data shows a small rebound in consumer confidence, driven entirely by hope, as Current Conditions tumbled to its lowest since Dec 2022…

Source: Bloomberg

Inflation expectations were flat in the flash August data.

Source: Bloomberg

Buying conditions continue to plunge overall with homes and durables at record lows while vehicles ticked up extremely modestly off record lows…

Source: Bloomberg

Finally, August saw confidence rebound for Democrats but tumble further for Republicans as Biden was ousted…

Source: Bloomberg

The survey shows that 41% of consumers believe that Harris is the better candidate for the economy, while 38% chose Trump.

In comparison, between May and July, Trump had a 5 point advantage over Biden on the economy.

Overall, Surveys of Consumers Director Joanne Hsu notes, expectations strengthened for both personal finances and the five-year economic outlook, which reached its highest reading in four months, consistent with the fact that election developments can influence future expectations but are unlikely to alter current assessments.

We wonder how long that exuberance will last?

III  USA ECONOMIC COMMENTARIES

Harris Unveils Plan To Fix Last 4 Years Of Economic Destruction

FRIDAY, AUG 16, 2024 – 09:45 AM

With the election right around the corner and the average American choking on inflation, Vice President Kamala Harris has unveiled several galaxy brain policies aimed at “lowering costs for American families,” which she and her teleprompter will present at a Friday speech in North Carolina – just days before the Democratic National Convention in Chicago.

While we know about Harris stealing Donald Trump’s plan to eliminate taxes on tips (after she was the tie-breaking vote on legislation to supercharge IRS enforcement), the proposals also include;

• Communist price controls to crack down on ‘corporate price-gouging in the food and grocery industries.’

(Except…)

E.J. Antoni, Ph.D.

@RealEJAntoni

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

·

57.4K 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

• A $25,000 subsidy for first-time home buyers, under which those who have a two-year history of on-time rent payments would be eligible for “down-payment support.”
• A cap on prescription drug costs and the elimination of medical debt for millions of Americans
• Child tax credit that would provide $6,000 per child to families for the first year of a baby’s life (after JD Vance suggested an increase from $2,000 per child to $5,000)

Other items include efforts aimed at lowering the cost of rent and helping renters who are struggling financially, according to NBC News. She will also propose plans to stop data firms from driving up lease rates, as well as stopping Wall Street firms from buying and flipping homes in bulk.

As part of the rollout, Harris will call on Congress to pass the Preventing the Algorithmic Facilitation of Rental Housing Cartels Act, a bill introduced by Sens. Ron Wyden, D-Ore., and Peter Welch, D-Vt., that they said would prevent corporate landlords from using private equity-backed price-setting tools to raise rents dramatically in communities across the country.

Harris will also call on Congress to pass the Stop Predatory Investing Act, a bill introduced by Sen. Sherrod Brown, D-Ohio, and several other Democratic senators. The bill is designed to stop communities from being taken advantage of by Wall Street investors and distant landlords. The bill would curtail those practices by removing key tax benefits for major investors who acquire large numbers of single-family rental homes.  

Harris will also call for the construction of three million new housing units via construction tax incentives – as well as a $40 billion proposal for local governments to build or preserve affordable housing units. We’re sure that won’t be a giant cash grab.

Cleaning Up Their Mess?

As even the Washington Post notes – “Harris has thus far surrounded herself with many former aides to Biden, and her team had made some overtures to business leaders that they hoped reflected a more centrist approach. But the policy positions she embraced Friday suggest she will continue, if not deepen, the party’s transformation under Biden, who pushed for more aggressive government intervention in the economy on industrial, labor and antitrust policies.”

Meanwhile, according to a Gallup survey taken earlier this year, just 21% of Americans say it’s a good time to buy a house – while just days ago, July’s inflation reading showed that shelter prices jumped 0.4% from the previous month. According to Fed Chairman Jerome Powell, it might take ‘several years’ for the pandemic-era rent increases to abate.

Trump Responds

During a Thursday news conference at his New Jersey golf resort, the former president denounced the package as Venezuela-style communism.

“This announcement is an admission that her economic policies have totally failed and caused really a catastrophe for our country, and beyond that, a catastrophe in the world,” said Trump.

President Trump calls Kamala’s price controls “the Maduro Plan”

“This announcement is an admission that her economic policies have totally failed."
pic.twitter.com/LlnkwVgnGo

— Greg Price (@greg_price11) August 15, 2024

And for the icing on the cake – the Washington Post is now framing it as a “populist policy agenda,” a word whose starter pack we thought came with a tiki torch and khakis (reeee).

end

Couple That Earns $250,000 A Year Says They Can’t Find A House In Their Budget

Thursday, Aug 15, 2024 – 06:00 PM

Entitled millennials or out of control inflation in the housing market? You be the judge.

Samuel and Laura Graves both earn six figure sums, but say the housing market has left them with no choice but to raise their two kids in an apartment, according to Yahoo Finance and Business Insider.

The couple is in their mid 30’s and lives in Portland, Oregon. They’ve been looking for a house for three years.

Laura told Business Insider: “We refuse to become ‘house-poor’ and, like many others, are choosing to sit it out until the housing market is reasonable again.”

With a combined income of $250,000, they aim to keep their mortgage payment between $3,000 and $3,500—about 30% of their $11,000 monthly income, the report says.

However, rising home prices and mortgage rates have pushed most homes they like to a $5,000 monthly mortgage, nearly half their income. Instead of exceeding their budget, they’ve opted to wait, paying $2,700 a month for a two-bedroom apartment and storage, hoping the market improves.

The report says rising home prices and high mortgage rates have made homeownership increasingly unaffordable. And, although the Federal Reserve may cut interest rates, this could drive more buyers into the market, potentially raising prices further and keeping housing supply tight.

The couple, living in Wilsonville, a suburb of Portland, faces steep home prices—$642,000 on average. One home they liked was listed at $635,000, with an estimated $5,000 monthly mortgage payment, consuming 43% of their income. Though aware that other parts of the U.S. offer cheaper housing, they are hesitant to move again, according to the report. 

Previously, they lived in Spokane, Washington, where they paid $2,200 a month for their home. But after six years, they missed their jobs in Portland. In 2021, Laura’s old boss offered to double her salary, prompting them to sell their Spokane home and return to Portland.

“We actually tried uprooting the kids to a more affordable town and found ourselves less happy in the end,” Laura concluded.

“Our children have begun talking about how they want a house so badly and their own rooms. We’ll never get these years back. By the time we buy, we won’t even need room for a play set.”

END

Biden continues to ask the Supreme Court to allow student loan relief but that will fail also

(zerohedge)

US Government Asks Supreme Court To Reinstate Student Loan Relief Plan

Thursday, Aug 15, 2024 – 05:00 PM

Authored by Matthew Vadum via The Epoch Times,

The federal government urged the Supreme Court on Aug. 13 to reinstate a $475 billion student loan relief plan after an appeals court ruling blocked key parts.

The new emergency application filed by Solicitor General Elizabeth Prelogar came after the U.S. Court of Appeals for the Eighth Circuit on Aug. 9 temporarily paused parts of the SAVE plan while the litigation over it continues. The case is Biden v. Missouri.

Justice Brett Kavanaugh directed Missouri, which is challenging the plan, to respond by 4 p.m. on Aug. 19.

The SAVE plan that Education Secretary Miguel Cardona first proposed in August 2022 would lower monthly payments for millions of eligible borrowers and accelerate loan forgiveness for some borrowers. SAVE is an acronym that stands for Saving on a Valuable Education. A reported 8 million borrowers have signed up for the program.

The SAVE plan was not yet finalized in June 2023 when the Supreme Court struck down President Joe Biden’s previous $400 billion student loan forgiveness plan in Biden v. Nebraska.

Days ago, the Eighth Circuit found that Missouri and six other states challenging the plan would likely be able to prove the plan violates the major questions doctrine.

The doctrine requires courts to presume Congress does not delegate important policy questions to government agencies.

The injunction temporarily prevents the federal government from forgiving principal or interest on outstanding student loans, blocks a provision stopping interest from accruing on loans, and pauses a provision allowing borrowers to make very low or zero monthly payments geared to income.

District Judge John Ross in Missouri previously blocked the SAVE plan on June 24.

In the new application, Prelogar argues the plan is “a straightforward exercise” of the Department of Education’s authority under federal law.

“The Eighth Circuit’s injunction has severely harmed millions of borrowers and the Department by blocking long-planned changes and creating widespread confusion and uncertainty,” she said.

The injunction is so broad that it interferes with the department’s other programs that forgive student loan debt but are not in dispute.

“That extraordinary injunction has scrambled the Department’s administration of loans for millions of borrowers,” she said.

Prelogar said if the Supreme Court decides not to reverse the Eighth Circuit’s injunction, it should consider holding oral arguments in the case this fall “to avoid prolonging the harm the Eighth Circuit’s injunction is inflicting on millions of Americans.”

The new application came after Texas Solicitor General Aaron Nielson told the Supreme Court on Aug. 10 that Texas wanted to press on with its own previously filed application to halt the SAVE plan. That case is Alaska v. Department of Education.

Although the Eighth Circuit’s injunction halting aspects of the SAVE plan gave the state much of what it wanted, the ruling left some questions unanswered, such as whether the department violated the federal Administrative Procedure Act by giving the public an unusually short period to comment on the plan before it was finalized.

The Eighth Circuit’s injunction conflicts with the Tenth Circuit’s June 30 order pausing a ruling by District Judge Daniel Crabtree of Kansas who blocked parts of the plan. The Tenth Circuit’s ruling allows geared-to-income repayments by borrowers to begin.

The Epoch Times reached out to Missouri Attorney General Andrew Bailey for comment on the federal government’s new application but did not receive a reply by publication time.

END

Subway sales faltering as they did not keep up with McDonald’s and Burger King’s 5 dollar deals

(zerohedge)

Subway Calls ‘Emergency’ Meeting With Franchisees As Fast-Food ‘Value Wars’ Potentially Claim First Casualty  

Quick-service restaurants (QSR) are locked in a fierce “value war,” offering cash-strapped consumers $5 meal deals or even better bargains to maintain their market share. This battle for value has intensified as QSR executives recognize that low- and mid-tier households have been financially squeezed by the Biden-Harris economy. With elevated inflation, high interest rates, depleted savings, and maxed-out credit cards, consumers are in rough shape. 

McDonald’s was the first to launch $5 meal deals, and Burger King followed suit. On Monday, Yum! Brands’ KFC said it would unveil a meal deal of its own in the near term: “KFC claps back in “Value Wars” with more deals for customers every day of the week this fall.” 

As the QSR value wars heat up, sandwich chain Subway could be the first casualty in the spiraling price battle:

Here’s more from the New York Post:

Subway has called a hasty meeting with franchisees of its 19,000 North American sandwich shops as they grapple with faltering sales and profits, The Post has learned.

…

“This conference is essential,” Subway said in the invite. “Join us … to discuss the state of the industry and an update on our business.”

The NYPost spoke with a franchisee operator who owns twenty stores. The individual said, “Same-store sales are down 5% to 10% in recent weeks compared to the prior year.” The individual blames the downturn in the chain’s promotions, and foot traffic has plunged. 

“They are doing crazy coupons,” the franchisee owner said, adding, “Our gross sales are not even at 2012 levels, and profit then was five times what it is today.”

The latest national ad campaign with NBA great Charles Barkley appears to have been a flop. Data shared with NYPost showed that average weekly same-store sales for the Eastern US region with about 1,000 locations dipped 8.7% between June 25 and July 16 compared to the same period one year ago.

Restaurant consultant John Gordon said the Thursday meeting appears “very unusual.”

In recent weeks, Gordon said he had viewed Subway’s same-store sales figures across the West Coast and East Coast regions, which show a 10% plunge.

QSR value wars and emergency meetings by Subway do not occur during boom times; they are ominous signs that the consumer downturn is gathering pace. 

END

Los Angeles: Migrants

Brazen!!

(zerohedge)

Two Illegal Aliens Steal $1 Million Patek At Gunpoint In Beverly Hills Hotel In Broad Daylight

Thursday, Aug 15, 2024 – 11:00 PM

Up until now illegal aliens mostly raped and/or killed country bumpkins from the flyover states, so the Hollywood propaganda machine wasn’t too worried: after all none of their important Democrat buddies were in danger. But things are changing, and in a dramatic example of just how brazen “migrant” criminals in the US are becoming in the confines of such Democrat bastions as Tinsel Town, one week ago two illegal aliens stole a  $1 million Patek Philippe wristwatch at gunpoint from a man who was sitting with his wife and daughter at the patio restaurant of the Beverly Wilshire Hotel. During the crime, which took place in broad daylight on August 7, one suspect pointed a gun at the man while the other removed the watch — a rather gaudy looking 5711/113p-001 Emerald Nautilus — from his wrist before fleeing in a getaway car, according to documents filed Tuesday in federal court in Los Angeles.

Yet what the criminal duo, which according to authorities was part of a “crime tourism” ring, exuded in confidence they lacked in brains, and three days later, authorities said the police captured the suspects – Jamer Mauricio Sepulveda Salazar, 21, of Colombia, and Jesus Eduardo Padron Rojas, 19, of Venezuela – driving a different vehicle that had been linked to a previous armed robbery in Beverly Hills when a $30,000 Rolex was stolen.

An affidavit attached to the criminal complaint indicated that the suspects belong to a South American Theft Group, designated transnational criminal organizations of citizens from countries such as Chile, Colombia, Peru, and Venezuela. According to federal authorities, “these groups commonly exploit the US immigration system and make fraudulent claims to enter the country.” Translated into English: these are illegal aliens who abuse the already lax laws, and slide in and out of the US as they desire, with the sole purpose of robbing rich Americans blinds.

A spate of watch thefts has also plagued New York City in recent months. Some of those incidents have involved unidentified individuals placing men in chokeholds until they lose consciousness and then grabbing the victims’ watches. In the latest theft, on Aug. 9, the victim was attacked at a subway station, according to the New York City Police Department.

Last month, the city’s police reported six other heists going as far back as March, some of them at upscale restaurants in Manhattan and in Williamsburg, Brooklyn.

In June, a victim was held up at gunpoint outside Carbone, a trendy Italian restaurant in Greenwich Village. Two men robbed his $100,000 watch and then fled the scene on a motorcycle. Another robbery targeted three men sitting at an outdoor restaurant in SoHo where one of two assailants flashed a silver firearm and took their watches worth $40,000, $35,000 and $8,500.

Police are looking for multiple suspects in these incidents, although they may have to look all the way in Venezuela or Colombia where these “political refugees” promptly return to, to avoid getting caught on US soil.

In the Los Angeles case, Bloomberg reports that the criminals surveilled the Patek Philippe for two weeks before making their move. The victim and his family are UK citizens who reside in the United Arab Emirates, according to court documents.

If convicted on all counts, Sepulveda faces a statutory maximum sentence of life in federal prison, while Padron faces as many as 20 years. In reality, they will most likely be released immediately because the judge is some liberal idiot.

Authorities described the heist as a form of “crime tourism,” involving people who live “nomadic lives” in Airbnbs and motels to avoid arrest after entering the US. Which, of course, is better than calling yet another brand of criminals “illegal aliens.” They use counterfeit identification and aliases to disguise their identity and criminal history, according to the court documents. But while they may use counterfeit identification as a disguise, fear not: they – along with 300,000 other “migrants” every month – would never lie about why they are entitled to “political asylum” in the US. And since they promise to vote for Harris, nobody in the admin’s immigration services will both to check their lies.

end

ICE Agents Arrest Illegal Alien Serial Killer Wanted For 23 Murders In Peru After Biden-Harris Released Him In US

Friday, Aug 16, 2024 – 02:40 PM

Vice President Kamala Harris is a far-left radical with soft-on-crime policies who has supported open southern borders while failing the nation in her role as ‘Border Czar.’ Under her watch, millions of illegal aliens flooded the country, including criminals on the FBI’s terror watch list. Her running mate, Gov. Tim Walz (D-MN), is another leftist radical. He participated in a 2018 “Abolish ICE” protest while she has pushed hard over the years to reduce funding for Immigration and Customs Enforcement (ICE).

🚨 REMINDER: Kamala Harris literally wants to open up the border and ABOLISH Immigration and Customs Enforcement (ICE)

She’s WORSE than Biden on illegals pic.twitter.com/VlWAf7ptEV

— Nick Sortor (@nicksortor) July 21, 2024

Tim Walz marched in an “Abolish ICE” protest in Minneapolis on June 30, 2018 https://alphanews.org/democratic-gubernatorial-candidates-march-to-abolish-ice/…

12:15 PM · Aug 9, 2024

·

412.4K Views

Tim Walz marched in an "Abolish ICE" protest in Minneapolis on June 30, 2018 https://t.co/Vi0ABaWsSa pic.twitter.com/YD7YenZbEz

— Matt Wolking (@MattWolking) August 9, 2024

Earlier this week, the far-left Harris-Walz ticket pushed for broad amnesty for illegal aliens with hopes these unvetted folks will become future Democrat voters. Biden-Harris’ failed border policies unleashed the most massive illegal alien invasion this nation has ever seen….

In recent weeks, Harris’ campaign has been trying to distance the VP from her failures as Border Czar, calling for more funding for border security operations because if Americans care about two policies this election season, it’s inflation and the border. 

The consequences of failed border policies are becoming more alarming by the week. 

On Monday, Fox News’ Bill Melugin wrote on X that ICE’s press releases on illegal alien arrests “will make your head spin.” 

Strongly recommend looking at the press releases page for ICE each day. Nonstop arrests of egregious foreign criminals the agency has to track down after they are caught & released at the border under the Biden/Harris admin. It’ll make your head spin.

ice.gov

News Releases and Statements

1:51 PM · Aug 12, 2024

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95.8K Views

Strongly recommend looking at the press releases page for ICE each day. Nonstop arrests of egregious foreign criminals the agency has to track down after they are caught & released at the border under the Biden/Harris admin. It’ll make your head spin. https://t.co/9FrZIVOeXf

— Bill Melugin (@BillMelugin_) August 12, 2024

Fast forward to the end of the week, Melugin reported ICE agents arrested an illegal alien gang leader in New York who was wanted for 23 murders in Peru. 

Here’s more from the Fox News reporter:

ICE Buffalo arrested a Peruvian gang leader yesterday who is wanted for 23 murders in Peru & was caught and released at the US border in May. Gianfranco Torres-Navarro, leader of “Los Killers”, was arrested by ICE in Endicott, NY, about 145 miles northwest of NYC.

ICE tells FOX Torres-Navarro was caught by Border Patrol on May 16th near Roma, TX in the Rio Grande Valley, but was released into the US with a Notice to Appear.

It took almost two months before federal authorities learned he was wanted in Peru for nearly two dozen murders. After being informed, Buffalo based ICE deportation officers found and arrested him yesterday. He is now in ICE detention.

BREAKING: ICE Buffalo arrested a Peruvian gang leader yesterday who is wanted for 23 murders in Peru & was caught and released at the U.S. border in May. Gianfranco Torres-Navarro, leader of “Los Killers”, was arrested by ICE in Endicott, NY, about 145 miles northwest of NYC. ICE tells FOX Torres-Navarro was caught by Border Patrol on May 16th near Roma, TX in the Rio Grande Valley, but was released into the U.S. with a Notice to Appear. It took almost two months before federal authorities learned he was wanted in Peru for nearly two dozen murders. After being informed, Buffalo based ICE deportation officers found and arrested him yesterday. He is now in ICE detention. Photo of Torres-Navarro below is provided via law enforcement source. ICE statement to FOX: “Gianfranco Torres-Navarro poses a significant threat to our communities, and we won’t allow New York to be a safe haven for dangerous noncitizens,” said ICE Buffalo Field Office Director Thomas P. Brophy. “Well done by our ICE Buffalo officers who brought this individual into custody.”

7:44 PM · Aug 15, 2024

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671K Views

BREAKING: ICE Buffalo arrested a Peruvian gang leader yesterday who is wanted for 23 murders in Peru & was caught and released at the U.S. border in May. Gianfranco Torres-Navarro, leader of “Los Killers”, was arrested by ICE in Endicott, NY, about 145 miles northwest of NYC.… pic.twitter.com/9RzfaggX29

— Bill Melugin (@BillMelugin_) August 15, 2024

House Speaker Mike Johnson (R-LA) wrote on X, “It should alarm every American that a Peruvian gang leader, who has murdered 23 people, crossed our border and was released into the country,” adding, “The Biden-Harris Administration’s open border policies are terrorizing our communities.”

The 38-year-old Peruvian gang leader was freely roaming the streets of America, a direct consequence of the Biden-Harris administration’s disastrous open border policies. Fortunately, ICE agents arrested him—an agency that, as mentioned earlier, Harris and Walz have shown a desire to weaken or dismantle to some extent. 

Just days ago, the NYPost reported…

NYC migrants allegedly raped woman at knifepoint in Coney Island: police sources https://trib.al/yZEFV3F

11:27 AM · Aug 12, 2024

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260.6K Views

NYC migrants allegedly raped woman at knifepoint in Coney Island: police sources https://t.co/YzHZ197JOl pic.twitter.com/hLFj3ealKG

— New York Post (@nypost) August 12, 2024

Some of ICE’s latest arrest headlines:

• ERO Boston arrests Colombian national convicted locally of domestic assault
• ERO Boston arrests Haitian national accused of raping child in Massachusetts migrant shelter
• ERO Baltimore arrests Guatemalan national convicted of rape in Maryland
• ERO Boston arrests Dominican national charged with fentanyl trafficking in Rhode Island
• ERO New York City arrests Honduran national charged with carjacking and convicted of assault
• ERO Boston arrests Guatemalan national charged with sex crime against Rhode Island minor
• ERO Boston arrests Ecuadorian national charged locally with kidnapping, rape, assault
• Mexican noncitizen sex offender convicted of unlawful re-entry into US following ERO Boston arrest
• ERO Baltimore arrests Colombian gang leader wanted for homicide, arms trafficking, aggravated theft

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

iiiC USA COVID //VACCINE ISSUES/IMPORTANT MEDICAL ISSUES

end

END

FREIGHT ISSUES/USA/BOEING

END

VICTOR DAVIS HANSON OR NEWT GINGRICH/TUCKER CARLSON

VDH: The Weird, Creepy, Surreal (And Dangerous) 2024 Campaign

Thursday, Aug 15, 2024 – 05:40 PM

Authored by Victor Davis Hanson via American Greatness,

The already-long 2024 presidential campaign has become the strangest in modern history.

Here are ten unanswered questions that illustrate how and why we’ve entered this bizarro world:

1. How can Kamala Harris merely promise us fixes to come in 2025 for inflation and an open border when she is still vice president for another six months? Why can’t she enact her proposed solutions to these problems (which she helped create) right now?

2. Would the media prefer to help her win but lose further credibility themselves by failing to ask why she has disowned her last three decades of leftist agendas, or to reclaim some of their reputations and thereby risk her losing?

3. Does the left appreciate the new campaign and election protocols it has now established?

That is to say:

Cancel by fiat their virtual nominee four months before the election when he sinks in the polls?

Nullify the outcome of a year of primaries and the will of 14 million voters?

Threaten a sitting president with removal by the 25th Amendment process unless he steps aside as his party nominee?

Anoint a replacement nominee before the convention and without a single primary—and then prevent any rival candidates from challenging her?

4. After the precedents of 2020 and 2024, is the future orthodox protocol for any Democratic nominee now to avoid all interviews and ex tempore speaking, and stick to teleprompted speeches and scripted responses only?

Is the fear that a transparent progressive messenger with an overt and honest left-wing message will double down on it and thus guarantee defeat?

5. For the next 80 days, has the chameleon-like Kamala Harris now become a temporary MAGA candidate, as she expropriates Trump’s positions from border security to no taxes on tips? Does the media care to ask the new 80-day MAGA Harris why she has renounced many of her once emphatic beliefs?

6. If Democratic presidential reelection candidate Joe Biden was pronounced fit as a fiddle before June 27, but after July 21 was abruptly forced off the ticket as too debilitated to continue as his party’s nominee, what exactly is his status now?

(Half-cognizant and thus able enough to continue his not-so-important task as America’s president, but also half-enfeebled and thus utterly unable to continue as the far more important Democratic nominee, it appears.)

7. Does the new anti-Semitic Democratic Party prefer to risk losing with the radical nonentity WASP Tim Walz as vice presidential candidate rather than likely win with a popular, successful, and moderate Jewish Josh Shapiro?

8. If one vice presidential candidate went to a war zone to serve with his deployed unit, while his counterpart preferred to retire from the military to avoid doing the same and lies about his abdication, how can the media credibly assert that the former’s tour was militarily suspect and yet pronounce the latter’s absence as heroic?

9. If the current president canceled his reelection bid because he was too debilitated and unpopular, and is now rarely seen or heard, and if the vice president is out of Washington running a campaign in his place, but avoiding all press conferences, interviews, and unscripted addresses, who exactly, if anyone, is running the United States for the next six months of the lame duck Biden-Harris administration?

10. If Donald Trump all summer has been compared by his enemies to Hitler and his murderous Third Reich, and if a 20-year-old would-be assassin and murderer with ease took up a sniper’s position to kill Trump—without a notified Secret Service or other law enforcement attempting to abort the shooter’s attempted assassination—what signal does that send to other would-be assassins for the next 80 days of the 2024 campaign?

Is the message that if a 20-year-old amateur sniper can brazenly and visibly for nearly an hour breach all Secret Service security perimeters to shoot eight times at the president, hit him in the ear, kill one innocent bystander, and wound two others, then almost any future, more-experienced serious shooter could match or exceed the ability of that disturbed amateur to get close enough to Trump to fire more than eight shots at his head?

And that shooting Donald Trump in many leftist quarters would subsequently earn the unhinged killer eternal fame, applause, and immortality?

And that if there are such anticipated rewards and perceived opportunities, then we may well see more attempts on candidate Trump’s life?

In sum, presidential campaigns traditionally kick off after Labor Day and mostly follow accepted protocols. But this warped 2024 version violates every prior precedent and is not just creepy but dangerous—even before the campaign was supposed to formally begin.

END

SANTA MONICA/CALIFORNIA

ttps://youtu.be/6ByB00sweDk?si=2YmZAKryKQVEAP7m

NEWT GINGRICH

SWAMP NEWS

9 States Sue Biden Admin To Block Voter Registration Executive Order

FRIDAY, AUG 16, 2024 – 09:25 AM

Authored by Tom Ozimek via The Epoch Times (emphasis ours),

Mississippi and eight other states have sued the Biden administration to block an executive order that requires federal agencies to develop strategies to expand voter registration, which the states claim aims to promote left-wing politicians and policies at elections.

The complaint, which was filed in the U.S. District Court for the District of Kansas on Aug. 13, accuses Executive Order 14019 on Promoting Access to Voting of “partisan infection” so severe as to undermine its claimed intent, which is to make registering to vote and voting simple and easy, and to promote the right to vote among eligible Americans.

Mississippi, which was joined in the lawsuit by Montana, Kansas, Iowa, Nebraska, North Dakota, Oklahoma, South Carolina, and South Dakota, alleges that the executive order oversteps the boundaries of federal authority and violates the U.S. Constitution, particularly in its alleged encroachment on states’ rights to manage their own voter registration processes.

The lawsuit claims that the executive order turns federal agencies into voter registration entities, bypasses transparency, and is driven by partisan motives.

“We fully support encouraging voter registration and promoting an engaged electorate,” Mississippi Attorney General Lynn Fitch said in a statement. “But putting the full weight of the Oval Office behind an effort first developed by partisan activist groups and then hiding the agency activities from public scrutiny goes too far. The law does not allow it. Mississippi will not stand for it.”

The legal action seeks to block implementation of Executive Order 14019, arguing that plans for the order did not go through notice and public comment or any of the safeguards under the Administrative Procedure Act that ensure accountability and transparency.

“The partisan infection is so severe as to render EO 14019, and the agency decisions stemming from it, the product of pretext,“ the complaint reads. ”That is, rather than ensure ‘that registering to vote and the act of voting be made simple and easy for all those eligible to do so,’ or promoting or defending ‘the right to vote for all Americans who are legally entitled to participate in elections,’ … the purpose is to promote left-wing politicians and policies at elections.”

The White House didn’t immediately respond to a request for comment on the legal challenge.

Federal Agencies Mobilized

President Joe Biden signed the executive order on March 7, 2021. It directs federal agencies to explore ways to expand voter registration and participation by providing relevant information and resources during public interactions, facilitating access to voter services, and ensuring equal voting opportunities.

“Agencies shall consider ways to expand citizens’ opportunities to register to vote and to obtain information about, and participate in, the electoral process,” the order reads.

Various government agencies—including the Department of Justice, the Department of Education, and the Department of Agriculture—are carrying out campaigns to sign up new voters.

Ceridwen Cherry, a former staff attorney on the American Civil Liberties Union Voting Rights Project, called the executive order “visionary.”

“In a democracy, governments at all levels should be doing everything they can to help eligible people register to vote,” he said in a statement. ”The voting access executive order is an important step toward achieving this goal because it gets the federal government involved in aiding with voter registration, just as state governments already do.”

Some experts have said that the executive order benefits Democrats over Republicans.

“They’re targeting welfare agencies that serve predominantly left-leaning voters,” Stewart Whitson, legal director of the Foundation for Government Accountability, told The Epoch Times in an earlier interview.

“It’s targeted voter registration, so you don’t have to worry about turning out more Republican voters if you focus your efforts in places where the vast majority of voters are going to lean left.”

A report by a coalition of progressive groups details their assessment of how well 10 federal agencies are doing in implementing the executive order and where they can do better.

Some of the report’s recommendations include urging the Department of Health and Human Services to sign up new voters in applications for health insurance under Obamacare.

The report also encourages the Department of Veterans Affairs to include voter registration for veterans who sign up for VA health benefits and suggests that the Education Department include voter registration when students apply for federal student aid.

Also, the Bureau of Prisons should work to register eligible convicts, per the recommendations of the report, which praised the Treasury Department for targeting voter registration efforts at “low income clients of its voluntary tax preparation clinics.”

Critics have said federal agencies are also partnering with private groups to sign up voters on federal agency premises.

“They’re essentially taking third-party groups and they’re bringing them onto federal land, into a federal office, and who knows what they’re doing,” Whitson said.

“Who knows if they’re following state laws governing voter registration and the collection of applications?”

He said that the Biden administration hasn’t disclosed which private groups will partner with federal agencies.

Kevin Stocklin contributed to this report.

end

CNN Loses Another Motion In Defamation Case As Court Orders Tapper To Appear

by Tyler Durden

Friday, Aug 16, 2024 – 01:00 PM

Authored by Jonathan Turley,

We previously discussed the defamation lawsuit against CNN and the curious effort to use Taliban law to dismiss the lawsuit by Navy veteran Zachary Young. The litigation has not been going well for the network and it just lost another key motion to block an effort to depose Jake Tapper. Worse yet, the court appears to have questioned the veracity of the host in a sworn deposition on his lack of knowledge over the financial subject matter of the deposition.

CNN recently lost a recent major ruling when the court found that there was evidence of malice by CNN to support the higher standard needed for defamation. The evidence in the case is remarkably bad for the network after discovery of internal memoranda and emails.

The report at the heart of the case aired on a Nov. 11, 2021, segment on CNN’s “The Lead with Jake Tapper” and was shared on social media and (a different version) on CNN’s website. In the segment, Tapper tells his audience ominously how CNN correspondent Alex Marquardt discovered “Afghans trying to get out of the country face a black market full of promises, demands of exorbitant fees, and no guarantee of safety or success.”

Marquardt piled on in the segment, claiming that “desperate Afghans are being exploited” and need to pay “exorbitant, often impossible amounts” to flee the country. He then named Young and his company as the example of that startling claim.

The damages in the case could be massive but Young had to satisfy the higher New York Times v. Sullivan standard of “actual malice” with a showing of knowing falsehood or a reckless disregard of the truth. Judge Roberts found that “Young sufficiently proffered evidence of actual malice, express malice, and a level of conduct outrageous enough to open the door for him to seek punitive damages.”

The evidence included messages from Marquardt that he wanted to “nail this Zachary Young mfucker” and thought the story would be Young’s “funeral.” After promising to “nail” Young, CNN editor Matthew Philips responded: “gonna hold you to that cowboy!” Likewise, CNN senior editor Fuzz Hogan described Young as “a shit.”

As is often done by media, CNN allegedly gave Young only two hours to respond before the story ran. It is a typical ploy of the press to claim that they waited for a response while giving the target the smallest possible window.

In this case, Young was able to respond in the short time and Marquardt messaged a colleague, “fucking Young just texted.”

The case now appears to have moved into a second discovery period over CNN’s finances. The plaintiff’s counsel wants to depose Tapper. I can certainly understand Tapper’s counsel in trying to block the deposition on finances. I am not sure how much Tapper would know about the finances, but the court clearly did not take well to his declaration.

NewsBusters previously reported, CNN had filed a motion for a protective order in which CNN counsel Allison Lovelady insisted that the Plaintiff only wanted a deposition so they could use it to “harass CNN and Mr. Tapper.”

However, the court shot down the effort and reportedly stated “I kind of have a hard time believing what Mr. Tapper put in that declaration.”  Since that is a sworn declaration made under penalty of perjury, it was a stinging rebuke.

Unlike the earlier depositions, this stage is confined to finances and possible penalties. The defense team clearly believes the deposition is an effort to re-open fact deposition testimony that should be now foreclosed.

There is always a risk to any witness from the added exposure to renewed questioning. However, it is hard to get a protective order on conclusory assurances of no relevant knowledge. The court clearly believes that Tapper could have some relevant information since he holds one of the most lucrative contracts at CNN and is familiar with the corporate finances in relation to his show.

Tapper’s counsel also attempted other “Hail Mary” motions seeking to delay any deposition until rulings on other cases dealing with punitive damages. CNN lost a critical motion in seeking to bar punitive damages. That is, of course, the big ticket item for the network in this type of case. To limit Young to compensatory damages would make any damages manageable for the company, even if a verdict would damage its reputation.

In one tense exchange, the counsel argued over a motion to force Young to appear personally for settlement discussions. His counsel explained that it was difficult for him because of an injury he sustained while in the Navy, which made it difficult to sit for long periods. CNN’s lead counsel Deanna K. Shullman shot back “So do I, your Honor!” “I have to leave the State of Florida to get to Bay County. CNN has to travel from the state of Georgia.”

CNN prevailed on that and one other motion on an extension of time. CNN is trying to delay the January trial date but Young’s counsel has indicated that it wants to stick with that date and has little interest in settlement.

Tapper, however, will now have to appear on the financial questions in the ongoing litigation.

KING REPORT

The King Report August 16, 2024 Issue 7307

Independent View of the News

July US Retail Sales were much stronger than expected due to yet another downward revision in the prior month (Bidenomics) and the resumption of auto sales that were stymied in June by a software bug.   July Retail Sales 1.0% m/m, 0.4% expected; June revised to -0.2% from 0.0% July Retail Sales ex-Autos 0.4%; 0.1% expected; June revised to 0.5% from 0.4%   For the 13th time in the past 16 months, US Industrial Production was revised lower! July Industrial Production -0.6% m/m, -0.3% exp., June revised to 0.3% from 0.6% July Manufacturing Production -0.3% m/m as expected; June revised to 0% from +0.4%. Capacity Utilization 77.8%, 77.5% expected, June revised to 778.4% from 78.8% Motor Vehicle production plunged 12.1% m/m & 13.7% y/y.  So, it wasn’t just retooling for 2025 models.  This is the largest drop since the Covid Scare.   Initial Jobless Claims fell to 227k from 234k, 235k expected; Continuing Claims 1.864m from 1.871m, 1.87m expected.  Because Jobless Claims fell, they were ignored after being a major focus for weeks!   Walmart raises sales outlook on strong demand from inflation-battered shoppers Walmart shone thanks to its affordability. Comparable sales, excluding fuel, rose 4.2% in the second quarter since the same period last year, beating expectations… “a lot of higher income people are trading down to Walmart, so people are trying to save where they can”…  https://t.co/xHPUccrLYT   The ESU manipulation appeared again!  ESUs traded mostly positive but sideways from the Nikkei opening until they went vertical from 8:28 ET until 8:49 ET.  In those 21 minutes, ESUs soared from 5485.00 to 5534.75.  The lame excuse is July Retail Sales strength.  BS!  ESUs initially dropped on the report.  Then someone drove them vertically higher!  PS – Much of the ‘strong’ retail sales were due to yet another downward revision in the prior month.   USUs tanked, falling as much as 1 30/32 by 9:41 ET.  This is the first major divergence between bonds and stocks in quite some time.  Gold, copper, gasoline, and oil soared. Fangs went postal on the manipulation and resultant expiry-related squeeze on expiring July call options. The NY Fang+ Index was +2.4% at 11:21 ET.   After the manipulation on the release of the July Retail Sales Report, ESUs rallied robustly, hitting a daily high of 5559.50 at 11:47 ET.  After a decline to 5550.75 at 12:47 ET, ESUs commenced another rally.  ESUs eventually hit a daily high of 5571.50 at 15:35 ET.  ESUs then slid to 5557.25 at 15:51 ET.  After a bounce to 5564.25 at 15:55 ET, ESUs fell to 5557.75 at 15:58 ET.  Someone then manipulated ESUs to 5566.25 at 16:00 ET.  As we keeping averring, someone is relentlessly manipulating ESUs higher!   Subway calls ‘emergency’ meeting with franchisees as sales plummet: sources https://trib.al/fcTnFSY A Subway franchisee with nearly 20 stores told The Post his same-store sales are down 5% to 10% in recent weeks compared to the prior year…     “They are doing crazy coupons,” the franchisee griped. “Our gross sales are not even at 2012 levels, and profit then was five times what it is today.”… https://nypost.com/2024/08/14/business/subway-calls-emergency-meeting-with-franchisees-as-sales-plummet-sources/   Positive aspects of previous session The relentless manipulation of ESUs continued! Fangs went postal on the manipulation and expiry squeeze.   Negative aspects of previous session The odds of an equity tumble or crash in the fall are escalating.  Nasdaq is +8.64% in the last 6 sessions! USUs sank as much as 1 30/32. Precious and industrial metals soared as did gasoline and oil. Fangs traded flat, with a slight upward bias, after 10:48 ET.   Ambiguous aspects of previous session Will the relentless ESU manipulation end after July expiration today? Is the resumption of corporate share buybacks a factor in the equity explosion this week?   First Hour/Last Hour Action [S&P 500 Index]: 1st Hour from NYSE Open: Up; Last Hour: Up   Pivot Point for S&P 500 Index [above/below indicates daily trend to traders]: 5530.19 Previous session S&P 500 Index High/Low: 5546.23; 5501.13   Harris to focus on grocery costs, child tax credit in economic agenda, advisers say Harris, the U.S. vice president, plans to lay out some details of her economic plan in a speech in North Carolina on Friday that will touch on lowering costs and “price gouging,” a sign of how important consumer prices are to voters in the Nov. 5 election…     Harris will call for a federal law banning corporations from setting excessive prices and call out the practices of meat processing companies, the Harris campaign said… Her proposal would allow the Federal Trade Commission to investigate abuses and impose penalties in the food and grocery industry, while her administration would put more scrutiny on merger activity in the space. Other Harris plans will deal with prescription drug costs and housing costs… https://www.reuters.com/markets/us/harris-focus-grocery-costs-child-tax-credit-economic-agenda-advisers-say-2024-08-14/   Kamala Harris is proposing price controls on food. This is exactly what the Soviets did, and it resulted in food shortages and higher costs!  Recently this occurred in Venezuela.   “It’s Communism”: Kamala’s First Economic Plan Proposes Price Controls to “Combat Inflation” “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.”…     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…  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.’… https://www.zerohedge.com/economics/vp-harris-first-economic-plan-proposes-federal-price-controls-combat-inflation   WaPo econ reporter: When your opponent calls you ‘communist,’ maybe don’t propose price controls?  It’s hard to exaggerate how bad Kamala Harris’s price-gouging proposal is…   Harris to Call for Construction of 3 Million New Homes in Speech on Friday, Source Says – Reuters (The plan calls for the US to give $25k to first-time buyers for downpayments, which is inflationary.)   German housing subsidies increased home prices. https://x.com/pmarca/status/1824213286608601103/photo/2   GOP Rep. @realannapaulina I have just obtained a photo that was taken by individual at rally in PA of Crooks with the gun used to shoot at President Trump walking around building prior to assassination attempt. This photo was submitted to LEO in PA. To my knowledge this photo has not been released until now. (Crooks with long gun walking around!) https://x.com/realannapaulina/status/1824081386807922689   @MonicaCrowley: The shooter was casually strolling the grounds while openly carrying an AR15 one hundred yards away from a former and future President – and no one in authority stopped him, despite rally goers repeatedly identifying him to law enforcement.  We all know what went down here, which is why the System is working feverishly to memory-hole it.  You understand how dangerous… this is, right?   Rep. Comer: Secret Service turned down security recommendations for Trump ahead of Penn. Rally  https://justthenews.com/videos/rep-comer-secret-service-turned-down-security-recommendations-trump-ahead-penn-rally   @susancrabtree: EXCLUSIVE and BREAKING: During a Donald Trump visit to North Carolina yesterday, a woman Secret Service special agent abandoned her post to breastfeed with no permission/warning to the event site agent, according to three sources in the Secret Service community.     Shortly before Trump’s motorcade arrival — I’m told five minutes beforehand  — the site agent was getting ready for the arrival. (The site agent is the person in charge of the entire event’s security.)     The site agent went to do one final sweep of the walking route and found the agent breast-feeding her child in a room that is supposed to be set aside for important Secret Service official work, i.e. a potential emergency related to the president.     A working agent on duty cannot bring a child to a protective assignment. The woman was out of the Atlanta Field Office. The woman agent was in the room with two other family members… https://x.com/susancrabtree/status/1824059727766290534   WSJ: Ukraine behind Nord Stream pipeline bombings despite Zelensky blocking plan WSJ sources indicated that Ukrainian President Volodymyr Zelensky initially approved the plan to attack the pipelines, but later ordered a halt to the operation following a request from the CIA. General Valeriy Zaluzhnyi, then the commander-in-chief of the Armed Forces of Ukraine, decided to proceed with the mission anyway, the publication said… https://novayagazeta.eu/articles/2024/08/15/wsj-ukraine-behind-nord-stream-pipeline-bombings-despite-zelensky-blocking-plan-en-news   Germany issues arrest warrant for Ukrainian suspect in connection to Nord Stream pipeline explosion: reports (Germany-Ukraine relations in the toilet!) https://t.co/KaJHEI2toG   @SamanthaLaDuc: Q2 US GDP Value: $28.6 trillion; Q2 MAG7 Market Cap: $15.4 trillion https://t.co/1q2FXopuXf   Fed Balance Sheet: +$2.432B; Reserves at Fed: -$5.524b https://www.federalreserve.gov/releases/h41/20240815/   Trump leads Kamala 49 to 45 among likely voters nationwide: Rasmussen poll Those who do not identify as Republican or Democrat prefer Trump over Harris 49 to 40 percent. https://thepostmillennial.com/trump-leads-kamala-49-to-45-among-likely-voters-nationwide-rasmussen-poll#google_vignette   @Rasmussen_Poll: Lots of activity by other pollsters all of a sudden. The coordinated presidential race data suppression gambit is over. It was remarkably bold. Don’t let that embargo fool anyone – Democrats are in real trouble.   Dealer Treasury Holdings Jump to a Record After Market Shakeup (This is huge deal!) – BBG     Aggregate holdings rose to $361 billion in week to Aug. 7     Elevated repo rates suggest balance sheets are getting full   Today – We will repeat what we wrote yesterday: 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.   However, traders will look to book profits on expiry July calls at some point today.  So, today could be a contest between trader liquidation and the manipulator(s).  The fact that Fangs traded flat, with a slight upward bias, after 10:48 ET implies that there was significant liquidation in the market.   Some claim that the equity surge since the Monday low is due to polls that show the Harris Honeymoon has ended.  We might believe that notion if stocks had surged without the Expiry Week Manipulation.   Expected economic data: July Housing Starts 1.333m, Permits 1.525m; Aug UM Sentiment 66.9, Current Conditions 63.3, Expectations 69, 1-year Inflation 2.9%, 5-10-year Inflation 2.9%   NQUs are +17.00; ESUs are +2.75; and USUs are +4/32 at 20:20 ET.   S&P Index 50-day MA: 5460; 100-day MA: 5422; 150-day MA: 5218; 200-day MA: 5058 DJIA 50-day MA: 39,579; 100-day MA: 39,201; 150-day MA: 38,990; 200-day MA: 38,226 (Green is positive slope; Red is negative slope)   S&P 500 Index (5543.22 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 positive – a close below 5251.66 triggers a sell signal Hourly: Trender and MACD are positive – a close below 5485.09 triggers a sell signal   EXCLUSIVE MRC POLL: Most Dem Voters Don’t Know About Harris’s Radicalism – Between 71% and 86% of these Democrats and Independents said they either had not heard of Harris’s position or were unsure… https://www.newsbusters.org/blogs/nb/rich-noyes/2024/08/14/exclusive-mrc-poll-most-dem-voters-dont-know-about-harriss   Axios: Behind the Curtain: The Harris plan to redefine herself Vice President Kamala Harris, hoping to distance herself from President Biden’s unpopularity on the economy… Harris won’t say it this bluntly in public, but her advisers do so privately: She wants to break with Biden on issues on which he’s unpopular. First up: rising prices. This is part of a highly choreographed effort to define herself — in some cases, redefine herself… https://www.axios.com/2024/08/14/kamala-harris-economy-inflation   Kamala Harris tries to distance herself from Biden in yet another policy flip-flop: ‘Everything about her campaign is fake’ https://trib.al/TdzPOYV   VP Harris helped create ‘Bidenomics,’ White House says https://cbsaustin.com/news/nation-world/vp-harris-helped-create-bidenomics-white-house-says-kamala-joe-biden-economy-economics-washington-politics-donald-trump-election-2024-trickle-down-karine-jean-pierre-press-briefing   @WarMachineRR: KJP: “Bidenomics has been something that both the president and the vice president has worked on.”  https://x.com/WarMachineRR/status/1823795805054271511   Politico: Trump moves to tie Harris to Biden on the economy: ‘They are a team’ https://www.politico.com/news/2024/08/14/trump-rally-nc-harris-biden-00174077   The White House: The Biden-Harris Economic Blueprint      September 2022 https://x.com/redsteeze/status/1823875234941763760/photo/1   @TrumpDailyPosts: Kamala Harris wants NOTHING TO DO WITH CROOKED JOE BIDEN. They are throwing him out on the Monday Night Stage, known as Death Valley. He now HATES Obama and Crazy Nancy more than he hates me! He is an angry man, as he should be. They stole the Presidency from him — “It was a Coup!” Donald Trump Truth Social 08:48 AM EST 08/15/24   Team Harris is trying to take credit for capping insulin at $35.   @TrumpWarRoom: Fact check of your fact check: President Trump announced an executive order in May 2020 capping the cost of insulin at $35. One of Biden’s first acts as president was repealing this executive order so that he could then take credit for it. https://x.com/TrumpWarRoom/status/1823904762477080691   Biden and Harris had a joint appearance (in MD) for the first time since weeks before the coup.  Kamala bragged that she cast the deciding vote on the Inflation (Reduction) Act!  Joe slurred, mumbled, ranted, mispronounced ‘Kamal’, and told his usual lies.  We will spare you the video clips – there’s no sense beating an irrelevant horse!  PS – This short clip shows my ‘they’ are hiding Kamala: https://x.com/PolitiBunny/status/1824191930382926166   NY Post: Crowd leaves joint Biden-Harris event early after VP hands off lectern to lame-duck prez https://trib.al/bajrG4R   @WarMachineRR: Kamala Harris says she was PROUD to cast the tie-breaking vote on the administration’s costly Inflation Reduction Act. https://t.co/TV4U0AF9Iv   Biden: “Let me tell you what our Project 2025 is: Beat the hell out of them.” How unifying!   @CollinRugg: If Trump said this, it would be wall-to-wall coverage on MSNBC for the next three weeks. WaPo would be putting the ‘Democracy Dies in Darkness’ banner up.   Biden says Kamala Harris’ economic plan will not deviate from his. https://t.co/9BgWq7oYyU   Biden says Harris ‘not going to’ distance herself from his economic policies https://t.co/Ka6lWKuzDU   @mirandadevine: Did you know that on Nov.1 the Biden Harris administration imposes a new rule forcing states to fund health care for illegal aliens. This will bankrupt NY which has already spent $5 billion on free housing etc… Missouri @AGAndrewBailey Files Suit https://ago.mo.gov/attorney-general-bailey-files-suit-to-prohibit-obamacare-from-funding-illegal-immigrants/   @wsmartin218: Tim Walz having a *not great* day: ABC – Walz mischaracterized his military service CNN – Walz lied about his drunk driving arrest;  WaPo – Walz lied about Vance’s record on pro-worker legislation; Fox News – Walz praises antisemitic Muslim cleric on video https://t.co/MuDhTrdYjy   @joma_gc: In newly obtained tape, then-Rep. Tim Walz tells a gold-star family during hearing on PTSD that he was deployed to Afghanistan in 2004 in support of Operation Enduring Freedom, and says he and his troops suffering from mental health issues were “shown the horse whisperer and told to go be nice.” https://x.com/joma_gc/status/1822397674554867892   CNN: Tim Walz’s 2006 campaign falsely described details about his arrest for drunk driving in 1995 – in 2006, his campaign repeatedly told the press that he had not been drinking that night, claiming that his failed field sobriety test was due to a misunderstanding related to hearing loss from his time in the National Guard.  None of that was true… https://www.cnn.com/2024/08/15/politics/tim-walz-2006-campaign-falsely-described-dwi-kfile/index.html   Vance says media acted like Biden was ‘Einstein,’ aim to make Harris into ‘second coming of Abraham Lincoln’ https://t.co/3dI9qRGUhQ   Hundreds of (Pro-Palestine) protestors clash with NYPD outside Harris campaign fundraiser, some charged criminally https://justthenews.com/politics-policy/elections/hundreds-protestors-clash-nypd-outside-harris-campaign-fundraiser-some   @rawsalerts: Chaos Erupts as Pro-Palestine Protesters Storm Democratic After Party Event, Throw Smoke Bombs During Kamala Harris Campaign… Currently, numerous pro-Palestine protesters have stormed a Democratic after-party event in Harlem, Manhattan… https://t.co/RvUgA9lgO7   The Democratic National Convention is Monday through Thursday in murder-plagued Chicago.   WGN News’s @BenBradleyTV: They sure are cleaning-up the city for the 50,000 people attending next week’s Democratic National Convention. The irony is there are conventions that draw far more people to Chicago and go virtually unnoticed.  https://x.com/BenBradleyTV/status/1824150121900282174   @illinoispolicy: Chicago’s unemployment rate is now the highest (6.2%) in the U.S. Nearly 100,000 Chicago-area residents are out of work. Statewide, Illinois has the 3rd-worst unemployment rate in the nation.  https://t.co/n9X1U4fAmA   @MarinaMedvin: JD Vance has it right on grandparents being involved in their kids lives — it makes children better human beings. That’s truth and that’s reality. https://t.co/Uv03GdIlog   @TrumpWarRoom: President Trump challenged Kamala to three debates. She only accepted two.  J.D. Vance challenged Freakish Timothy Walz to two debates. He only accepted one.  Just so everyone is aware which campaign in this race is “too afraid” to debate.   @kerpen: Walz is refusing to do a second debate in the hopes he can shamelessly lie his way through one, without a second to have the lies blow up.  Depends on corrupt media.  We’ll see if it works.   Trump’s presser from Bedminster, NJ, featured tables loaded with food products – so DJT could highlight the Biden-Harris inflation.  https://x.com/TrumpWarRoom/status/1824184808161021961   Trump blasts Kamala Harris’ high grocery prices, slams her economic agenda as ‘Maduro plan’ https://trib.al/fhZIgIN   “We are a failing nation because of the way it’s been run the last three and a half years. Kamala Harris broke the economy, broke the border, and broke the world.” – President @realDonaldTrump https://x.com/RealAmVoice/status/1824185835878563842   Trump: “Now Kamala is reportedly proposing communist price control… a radical… person wants to put price controls all over the place, which will end up driving up your prices, not down your prices… Kamala’s inflation nightmare continues to cost the average American family $1,100 every… month.     You don’t have to imagine what a Kamala Harris presidency would be because you’re living through that nightmare right now.”     “Harris has just declared that tackling inflation will be a “Day One priority” for her.  But Day One for Kamala was three and a half years ago.” (JD Vance has used this line the past few days.) Trump rips Biden-Harris drug price controls: ‘She’s running on the Maduro plan’ He further blamed the administration’s spending packages for rising prices, contending that landmark legislation ostensibly designed to curb price increases actually had the opposite effect. https://justthenews.com/politics-policy/trump-rips-biden-harris-drug-price-controls-shes-running-maduro-plan   @charliekirk11: TRUMP: “They’re trying to throw me, a former president, in prison, and you’re asking me about personal attacks of Kamala Harris?”   Harris and Walz interviewed each other!  Not a parody!  A hot topic: Whites don’t season their chicken. https://x.com/Tim_Walz/status/1824215589662998607   California’s Newsom Wants to Force Refiners to Stockpile Fuel – Bloomberg (Yes, Virginia, California is NOT a free-market state!) Squeegee men have returned to Midtown West — and locals say they’re ‘getting aggressive’ https://t.co/FlehlGtXlP   Egypt’s Al Qahera News TV Citing ‘informed Sources’ On Gaza Talks: Disagreements Between the Parties Remain Big – Reuters   James Carville Says GOP Supports Israel Because ‘Jews Are Whiter Than the Palestinians’ https://dailycaller.com/2024/08/15/james-carville-gop-supports-israel-jews-whiter-palestinians/   WaPo: Robert F. Kennedy Jr. tried to meet with Kamala Harris to discuss Cabinet job Harris has rebuffed the offer of an endorsement, while Kennedy also has had conversations with Republican nominee Donald Trump about a role in his administration…     Robert F. Kennedy Jr. sought a meeting last week with Democratic nominee Kamala Harris to discuss the possibility of serving in her administration, perhaps as a Cabinet secretary, if he throws his support behind her campaign and she wins, according to Kennedy campaign officials… https://www.washingtonpost.com/politics/2024/08/14/rfk-jr-kamala-harris-cabinet-trump/   RFK Jr. is trying to debunk the above WaPo story.   @RobertKennedyJr: VP Harris’s Democratic Party would be unrecognizable to my father and uncle and I cannot reconcile it with my values… The RFK/JFK dems were allies of Main Street, cops, firefighters, and working people. VP Harris’s is the Party of Big Tech, Big Pharma and Wall Street…     I’ve used our nation’s courts to prosecute corporations who hurt Black Americans. VP Harris used our nation’s courts to mercilessly prosecute Black Americans and exploit them for their labor…     I’ve spent years battling government corruption and lies. VP Harris spent years gaslighting Americans about the health of our Commander in Chief.  I have no plans to endorse Kamala Harris for President. I do have a plan to defeat her.     DOJ suddenly located Biden biographer transcripts created by Robert Hur: watchdog Hur used them in part in concluding Biden is a ‘well-meaning, elderly man with a poor memory’     “There do exist written transcripts of President Biden’s interviews with his ghostwriter where they discuss classified material, and that Special Counsel Hur relied upon those written transcripts in coming to his conclusions [that Biden was a ‘well-meaning elderly man with a poor memory’].”… https://www.foxnews.com/politics/doj-suddenly-located-biden-biographer-transcripts-created-hur-watchdog-says-seeks-probes-records   @ClayTravis: Wow @espn just fired @samponder, the only woman still employed at the company to speak out forcefully against men competing in women’s sports, a couple of weeks before the football season started citing “budget cuts.”

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GREG HUNTER

SEE YOU ON MONDAY//

EXPECT MORE FIREWORKS ON MONDAY AS CENTRAL BANKERS EXERCISE THEIR NEW FOUND WEALTH.