GOLD PRICE CLOSED DOWN $1.85 TO $2646.35

SILVER PRICE DOWN $0.39 TO $31.77

Gold ACCESS CLOSED $2642.80

Silver ACCESS CLOSED: $31.70

Bitcoin morning price:$62,854 UP 250 DOLLARS.

Bitcoin: afternoon price: $63,317 up 703 DOLLARS

Platinum price closing DOWN $14.00 TO $978.40

Palladium price; UP $20.15 TO $1028.45

END

*CANADIAN GOLD: $3600.15 UP 3.15 CDN dollars per oz( * NEW ALL TIME HIGH 3,600.83CDN DOLLARS PER OZ//OCT 3 2024)

*BRITISH GOLD: 2019.90 UP 1.90 Pounds per oz// *(NEW ALL TIME HIGH//CLOSING///2024.20 RITISH POUNDS/OZ) OCT 3/2024

*EURO GOLD: 2,408.48 DOWN 7.80 Euros per oz //* (ALL TIME CLOSING HIGH: 2.414.44 EUROS PER OZ//OCT 4 //.2024)

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EXCHANGE: COMEX

EXCHANGE: COMEX
CONTRACT: OCTOBER 2024 COMEX 100 GOLD FUTURES
SETTLEMENT: 2,645.800000000 USD
INTENT DATE: 10/04/2024 DELIVERY DATE: 10/08/2024
FIRM ORG FIRM NAME ISSUED STOPPED

072 C GOLDMAN 2
118 C MACQUARIE FUT 130
363 H WELLS FARGO SEC 21
435 H SCOTIA CAPITAL 36
523 C INTERACTIVE BRO 1
624 H BOFA SECURITIES 29
657 C MORGAN STANLEY 10
661 C JP MORGAN 69
686 C STONEX FINANCIA 1
690 C ABN AMRO 3
709 C BARCLAYS 68
737 C ADVANTAGE 25 4
905 C ADM 16
991 H CME 35

TOTAL: 225 225

JPMorgan stopped 69/225

GOLD: NUMBER OF NOTICES FILED FOR OCT/2024. CONTRACT: 225 NOTICES FOR 22500 OZ or 0.6937 TONNES

total notices so far: 11,304 contracts for 1,130,400 Oz (35.160 tonnes)

FOR OCT

SILVER NOTICES: 30 NOTICE(S) FILED FOR 0.150 MILLION OZ/

total number of notices filed so far this month : 1272 for 6.3600 million 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 DOWN $1.85 INVESTORS SWITCHING TO SPROTT PHYSICAL (PHYS) INSTEAD OF THE FRAUDULENT GLD/ HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A WITHDRAWAL OF 1.15 TONNES OF GOLD INTO THE GLD./

/ /INVENTORY RESTS AT 876,26 TONNES

INVENTORY RESTS AT 876.26 TONNES

SLV/

WITH NO SILVER AROUND AND SILVER DOWN 39 CENTS AT THE SLV

HUGE CHANGES IN SILVER INVENTORY INTO THE SLV: A DEPOSIT OF 684,000 OZ INTO THE SLV..

INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV.

CLOSING INVENTORY: 466.461 MILLION OZ

Let us have a look at the data for today

SILVER//OUTLINE

SILVER COMEX OI ROSE BY A HUGE SIZED 880 CONTRACTS TO 147,439 AND CONTINUING ON ITS MARCH TO THE RECORD HIGH OI OF 244,710, SET FEB 25/2020, AND THIS HUGE LOSS IN COMEX OI WAS ACCOMPLISHED DESPITE OUR GAIN OF $0.00 IN SILVER PRICING AT THE COMEX ON FRIDAY’S TRADING. WE GAINED CONSIDERABLE 780 NET LONGS DESPITE THE NO GAIN IN PRICE. WE HAD A HUGE GAIN OF 780 TOTAL CONTRACTS ON OUR TWO EXCHANGES. WE HAD CONSIDERABLE LIQUIDATION OF T.A.S. CONTRACTS. //. WE HAD SOME SHORT COVERING BY OUR SPECS WITH THE NO GAIN IN PRICE DURING THE COMEX TIME ZONE.. WE HAD A SMALL 100 CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE ACCOMPANIED BY A STRONG 654 CONTRACT T.A.S ISSUANCE WHICH WILL BEING USED IN FUTURE TRADING. IN ESSENCE WE LOST A HUMONGOUS 974 CONTRACTS ON OUR TWO EXCHANGES DESPITE OUR ZERO 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 ON FRIDAY. 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 FRIDAY NIGHT: 657 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 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 FELL BY $0.00 AND WERE UNSUCCESSFUL IN KNOCKING ANY NET SILVER LONGS FROM THEIR PERCH AS WE HAVE A GIGANTIC GAIN OF 780 TOTAL OI CONTRACTS ON OUR TWO EXCHANGES

WE HAD A SMALL 100 CONTRACT ISSUANCE OF EXCHANGE FOR PHYSICALS) iiii) AN INITIAL SILVER STANDING FOR COMEX SILVER MEASURING AT 3.355 MILLION OZ (FIRST DAY NOTICE) FOLLOWED BY TODAY;S 110,000 OZ QUEUE JUMP//NEW TOTAL 6.410 MILLION OZ

//NEW STANDING FOR SILVER//OCT AT 6.410 MILLION OZ

WE HAD:

/ HUGE SIZED COMEX OI GAIN//SMALL SIZED EFP ISSUANCE/ VI) STRONG SIZED NUMBER OF T.A.S. CONTRACT ISSUANCE 657 CONTRACTS)/

I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL REMOVED 194 CONTRACTS.

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

TOTAL CONTRACTS for 5 DAYS, total 3521 contracts: OR 17.605MILLION OZ (704 CONTRACTS PER DAY)

TOTAL EFP’S FOR THE MONTH SO FAR: 17.605 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//3RD HIGHEST 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; 99.740 MILLION OZ//THIS MONTH WILL BE STRONG FOR ISSUANCE BUT LESS THAN JULY.

SEPT: 112.415 MILLION OZ//WILL BE A HUGE MONTH FOR EXCHANGE FOR PHYSICAL ISSUANCE

OCT; 17.605 MILLION OZ

RESULT: WE HAD A HUMONGOUS SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 880 CONTRACTS WITH OUR ZERO GAIN IN PRICE OF SILVER PRICING AT THE COMEX//FRIDAY.,. THE CME NOTIFIED US THAT WE HAD A SMALL EFP ISSUANCE CONTRACTS:100 ISSUED FOR DEC 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 OCT OF 5.355 MILLION OZ ON FIRST DAY NOTICE FOLLOWED BY TODAY’S HUGE QUEUE JUMP OF 110,000 OZ

//NEW TOTAL STANDING FOR OCT AT 6.410 MILLION OZ

WE HAVE A HUGE GAIN OF 880 OI CONTRACTS ON THE TWO EXCHANGES WITH OUR ZERO GAIN IN PRICE…..THE TOTAL OF TAS INITIATED CONTRACTS TODAY: A HUGE SIZED 457 CONTRACTS (USED FOR TODAY’S RAID),//ZERO FRONT END OF THE TAS CONTRACTS WERE LIQUIDATED DURING THE FRIDAY COMEX

/ SOME ATTEMPTED SHORT COVERING FROM OUR SPEC SHORTS WITH THE ZERO GAIN IN PRICE FRIDAY/ . ALSO SOME OF OUR LONGS EXERCISED THEIR RIGHT AND TENDERED FOR PHYSICAL SILVER MUCH TO THE ANGER OF OUR BANKERS.

THE NEW TAS ISSUANCE FRIDAY NIGHT (657 WILL BE PUT INTO “THE BANK” TO BE COLLUSIVELY USED AT A LATER DATE//

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

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

GOLD//OUTLINE

IN GOLD, THE COMEX OPEN INTEREST ROSE BY A FAIR SIZED 1479 OI CONTRACTS TO 529,919 AND FURTHER 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: added 54 CONTRACTS//

WE HAD A FAIR SIZED INCREASE IN COMEX OI (1479 CONTRACTS) OCCURRED DESPITE OUR LOSS OF $11.20 IN PRICE /FRIDAY. THE FRBNY SUPPLIED THE NECESSARY SHORT PAPER.. WE ALSO HAD A HUGE INITIAL STANDING IN GOLD TONNAGE FOR OCT AT 33.655 TONNES ON FIRST DAY NOTICE FOLLOWED BY TODAY’S HUGE 9200 OZ QUEUE JUMP

NEW STANDING ADVANCES TO 35.455TONNES+ 20.174 TONNES EXCHANGE FOR RISK/PRIOR// = 55.629 TONNES

/ ALL OF THIS HAPPENED DESPITE OUR $11.20 LOSS IN PRICE WITH RESPECT TO FRIDAY’S COMEX TRADING///. WE HAD A FAIR SIZED GAIN OF 3049 OI CONTRACTS (9.4836 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. THE HORROR INTENSIFIED ONCE LONDON STARTED TO TRADE THURSDAY MORNING AND THIS CONTINUED LATE THURSDAY WITH THEIR TENDERING FOR PHYSICAL VIA THE EXCHANGE FOR PHYSICAL ROUTE!

E.F.P. ISSUANCE

THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A FAIR SIZED 1570 CONTRACTS:

The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 529,919

IN ESSENCE WE HAVE A FAIR SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 2995 CONTRACTS WITH 1,425 CONTRACTS INCREASED AT THE COMEX// AND A FAIR SIZED 1425 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN ON THE TWO EXCHANGES OF 3049 CONTRACTS.. WE HAD THE FOLLOWING TAS CONTRACTS INITIATED (ISSUED): A FAIR SIZED 1211 CONTRACTS, WE HAD CONSIDERABLE LIQUIDATION OF T.A.S CONTRACTS WITH OUR LOSS IN PRICE

CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES

WE HAD A FAIR SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (1570 CONTRACTS) ACCOMPANYING THE FAIR SIZED INCREASE IN COMEX OI OF 1,479 CONTRACTS/TOTAL GAIN FOR OUR THE TWO EXCHANGES: 3049 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 OCT 33.651 TONNES FOLLOWED BY TODAY’S 9200 OZ QUEUE JUMP

//NEW STANDING ADVANCES TO TO: /OCT 35.455 TONNES. + 20.174 EX, FOR RISK/PRIOR = 55.629TONNES

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

4) FAIR SIZED COMEX OPEN INTEREST INCREASE 5) FAIR ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER///FAIR T.A.S. ISSUANCE: 1221 T.A.S.CONTRACTS

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

OCT

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

TOTAL EFP CONTRACTS ISSUED: 19,191 CONTRACTS OF 1,9191,00OZ OR 59,69TONNES IN 5 TRADING DAY(S) AND THUS AVERAGING: 3833 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE SIZE OF THESE EFP TRANSFERS : THIS MONTH IN 5 TRADING DAY(S) IN TONNES 59.69 TONNES

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

THUS EFP TRANSFERS REPRESENTS 59.69 DIVIDED BY 3550 x 100% TONNES = 1.69% OF GLOBAL ANNUAL PRODUCTION

ACCUMULATION OF GOLD EFP’S YEAR 2021 TO 2023

JANUARY/2021: 265.26 TONNES (RAPIDLY INCREASING AGAIN)

FEB : 171.24 TONNES ( DEFINITELY SLOWING DOWN AGAIN)..

MARCH:. 276.50 TONNES (STRONG AGAIN/

APRIL: 189..44 TONNES ( DRAMATICALLY SLOWING DOWN AGAIN//GOLD IN BACKWARDATION)

MAY: 250.15 TONNES (NOW DRAMATICALLY INCREASING AGAIN)

JUNE: 247.54 TONNES (FINAL)

JULY: 188.73 TONNES FINAL

AUGUST: 217.89 TONNES FINAL ISSUANCE.

SEPT 142.12 TONNES FINAL ISSUANCE ( LOW ISSUANCE)_

OCT: 141.13 TONNES FINAL ISSUANCE (LOW ISSUANCE)

NOV: 312.46 TONNES FINAL ISSUANCE//NEW RECORD!! (INCREASING DRAMATICALLY)//SIGN OF REAL STRESS//SURPASSING THE MARCH 2021 RECORD OF 276.50 TONNES OF EFP

DEC. 175.62 TONNES//FINAL ISSUANCE//

TOTALS: 2,578.08 TONNES/2021

JAN:2022 247.25 TONNES //FINAL

FEB: 196.04 TONNES//FINAL

MARCH/2022: 409.30 TONNES //FINAL( THIS IS NOW A RECORD EFP ISSUANCE FOR MARCH AND FOR ANY MONTH.

APRIL: 169.55 TONNES (FINAL VERY LOW ISSUANCE MONTH)

MAY: 247.44 TONNES FINAL//

JUNE: 238.13 TONNES FINAL

JULY: 378.43 TONNES FINAL/SECOND HIGHEST ON RECORD

AUGUST: 180.81 TONNES FINAL

SEPT. 193.16 TONNES FINAL

OCT: 177.57 TONNES FINAL ( MUCH SMALLER THAN LAST MONTH)

NOV. 223.98 TONNES//FINAL ( MUCH LARGER THAN PREVIOUS MONTHS//comex running out of physical)

DEC: 185.59 tonnes // FINAL

TOTAL: 2,847,25 TONNES/2022

JAN 2023: 228.49 TONNES FINAL//HUGE AMOUNT OF EFP’S ISSUED THIS MONTH!!

FEB: 151.61 TONNES/FINAL

MARCH: 280.09 TONNES/INITIAL (ANOTHER STRONG MONTH FOR EFP ISSUANCE)

APRIL: 197.42 TONNES

MAY: 236.67 TONNES (A VERY STRONG ISSUANCE FOR THIS MONTH)

JUNE: 172.667 TONNES (WEAKER ISSUANCE THIS MONTH)

JULY: 151.69 TONNES (WEAKER THAN LAST MONTH)

AUGUST: 195.28 TONNES (A STRONGER MONTH)//FINAL

SEPT: 254.709 TONNES (WILL BE LARGER THAN LAST MONTH AND A STRONG MONTH)

OCT. 248.09 TONNES. LIKE SILVER, THIS MONTH IS GOING TO BE A STRONG E.F.P. ISSUANCE.

NOV. 239.16 TONNES//WILL BE STRONG THIS MONTH,

DEC. 213.704 TONNES. A STRONG MONTH//

TOTAL FOR YEAR 2023: 2,569.57 TONNES VS 2578 TONNES LAST YEAR

JAN ’24: 291.76 TONNES (WILL BE MUCH GREATER THAN LAST MONTH.//3RD HIGHEST EVER RECORDED EXCHANGE FOR PHYSICAL)

FEB’24: 201.947 TONNES

MARCH 2024: 352.21 TONNES//2ND HIGHEST EVER RECORDED EFP ISSUANCE.

APRIL: 267.05TONNES (WILL BE AN EXTREMELY STRONG MONTH BUT LESS THAN MARCH 2024)

MAY; 316.606 TONNES (WILL BE ANOTHER STRONG MONTH// 3RD HIGHEST RECORDED EFP ISSUANCE )// NOTICE THE HUGE INCREASES IN EX FOR PHYSICAL THESE PAST FEW MONTHS. THESE CONTRACTS ARE CIRCLED BACK FROM LONDON WHEREBY METAL IS REMOVED FROM THE COMEX.

JUNE 175.11 tonnes HEADING FOR A WEAKER MONTH AND MUCH LESS THAN THE THREE PREVIOUS MONTHS

JULY: 351. 65 TONNES (3RD HIGHEST EVER RECORDED EXCHANGE FOR PHYSICAL AND THE HIGHEST EVER RECORDED POST BASEL III)

AUGUST: 274.79 TONNES//THIS MONTH WILL NO DOUBT BE A STRONG ISSUANCE OF EFP’S BUT MUCH LESS THAN LAST MONTH.

SEPT: 335 .104 TONNES//IF THIS CONTINUES WE WILL HAVE A HUMDINGER OF AN EFP ISSUANCE. WE WILL PROBABLY END UP WITH THE 3RD HIGHEST ISSUANCE EVER RECORDED.

OCT. 59.69 TONNES(THIS WILL BE A WEAKER ISSUANCE THIS 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 SEPTEMBER. 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 (OCT), 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 HUGE SIZED 880 CONTRACTS OI TO 147,633 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 100 CONTRACTS

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

DEC 1 00and ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 100 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON. IF WE TAKE THE COMEX OI GAIN OF880 CONTRACTS AND ADD TO THE 100 E.FP. ISSUED

WE OBTAIN A HUGE SIZED GAIN OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES OF 780 CONTRACTS

THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES TOTALS 3.900 MILLION OZ OCCURRED WITH OUR $0.00 GAIN IN PRICE

OUTLINE FOR TODAY’S COMMENTARY

1a/COMEX GOLD AND SILVER REPORT

(report Harvey)

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

(Peter Schiff)

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

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

b. Other gold/silver commentaries

c. Commodity commentaries//

d)/CRYPTOCURRENCIES/BITCOIN ETC

2.ASIAN AFFAIRS//

MONDAY MORNING/SUNDAY NIGHT

SHANGHAI CLOSED

//Hang Seng CLOSED

// Nikkei CLOSED UP 697.12 PTS OR 1.80%//Australia’s all ordinaries CLOSED UP 0.74%///Chinese yuan (ONSHORE) CLOSED CHINESE YUAN OFFSHORE CLOSED DOWN TO 7.0661 Oil UP TO 76.36dollars per barrel for WTI and BRENT UP AT 79.70 Stocks in Europe OPENED ALL MOSTLY MIXED

ONSHORE USA/ YUAN TRADING XXX LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING XXXX 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

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

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

GOLD

LET US BEGIN:

THE TOTAL COMEX GOLD OPEN INTEREST ROSE BY A FAIR SIZED 1,479 CONTRACTS TO 529,919 DESPITE OUR STRONG LOSS IN PRICE OF $11.20 WITH RESPECT TO FRIDAY’S TRADING. WE LOST ZERO IN NUMBER LONGS DESPITE THE LOWER PRICE FOR GOLD AS YOU WILL SEE BELOW. WE HAD A FAIR NUMBER OF EXCHANGE FOR PHYSICAL ISSUED (1570). AND THINGS MUST BE DESPERATE AS ON TUESDAY WE HAD THE FIRST ISSUANCE IN OVER 3 MONTHS FOR THAT STUPID EXCHANGE FOR RISK, WHEREBY THE BUYER ASSUMES THE RISK FOR DELIVERY. WHY ON EARTH WOULD A BUYER ASSUME SOMETHING LIKE THIS WHEN YOU ARE GUARANTEED DELIVERY VIA AN EXCHANGE FOR PHYSICAL VIA LONDON? UNLESS FOR HUGE MONEY! TODAY WE REVERTED BACK TO ZERO ISSUANCE OF EXCHANGE FOR RISK. THE LIQUIDATION OF T.A.S. CONTRACTS THROUGHOUT THIS MONTH DISTORTS OPEN INTEREST NUMBERS GREATLY AND IT SURELY WAS ON DISPLAY LAST WEEK AND ESPECIALLY THIS WEEK AS A MAJOR BUYER OF PHYSICAL IS OFF DUE TO GOLDEN WEEK.

THE FED IS THE MAJOR SHORT OF AROUND 157+ 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 OCT 22 -24 2024/. THE FOUR OR FIVE BANKS ARE ALSO WORRIED ABOUT THEIR HUGE PRECIOUS METAL DERIVATIVE EXPOSURE (NORTH OF ONE TRILLION DOLLARS) AND THIS IS PROBABLY THE MAJOR REASON FOR GOLD/SILVER’S RISE. THESE PAST TWO MONTHS. THEY ARE TOTALLY TRAPPED.

OUR PHYSICAL LONDONERS ALSO BOUGHT NEW MASSIVE QUANTITIES OF LONGS AT THESE LOWER PRICES AND THIS GOLD BOUGHT 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 HUGE T.A.S. LIQUIDATION WITH FRIDAY’S LOSS IN PRICE BUT WITH ZERO LONGS BEING CLIPPED (AS YOU WILL SEE BELOW) BUT WE DID HAVE SOME SHORT COVERING AT LOWER PRICES. 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. THE HIGH LIQUIDATION OF THE SPREADERS // T.A.S DURING LAST WEEK AND THIS WEEK IS SURELY DISTORTING COMEX OPEN INTEREST ESPECIALLY THURSDAY’S LOSS IN OI.

EXCHANGE FOR PHYSICAL ISSUANCE

WE ARE NOW ENTERING INTO THE ACTIVE DELIVERY MONTH OF OCT.… THE CME REPORTS THAT THE BANKERS ISSUED A FAIR SIZED TRANSFER THROUGH THE EFP ROUTE AS THESE LONGS RECEIVED A DELIVERABLE LONDON FORWARD TOGETHER WITH A FIAT BONUS.,

THAT IS A FAIR SIZED 1570 EFP CONTRACTS WERE ISSUED: : /DEC 1570 & ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE: 1570 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 3049 CONTRACTS IN THAT 1570CONTRACT LONGS WERE TRANSFERRED AS EXCHANGE FOR PHYSICALS TO LONDON AND WE HAD A FAIR GAIN OF 1479 COMEX CONTRACTS..AND THIS GAIN ON OUR TWO EXCHANGES HAPPENED DESPITE OUR LOSS IN PRICE OF $11.20 FRIDAY// 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 FRIDAY NIGHT, A FAIR SIZED 1321 CONTRACTS, WAS USED TO REPLENISH SUPPLIES.. 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 (AND SPREADERS LATE IN THE MONTH). THE USE OF T.A.S. IS OF EXTREME IMPORTANCE TO OUR CROOKS IN LAST WEEK’S AND THIS WEEK’S TRADING.

// WE HAVE A STRONG AMOUNT OF GOLD TONNAGE STANDING: OCT (55.629 TONNES) WHICH IS HUGE FOR OUR OCT DELIVERY MONTH.

HERE ARE THE AMOUNTS THAT STOOD FOR DELIVERY IN THE PRECEDING 46 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 69.602 TONNES//FINAL STANDING

SEPT. 13.164 TONNES.

OCT 35.455TONNES + 20.174 TONNES EXCHANGE FOR RISK =55.629 TONNES

THE SPECS/HFT WERE SUCCESSFUL IN LOWERING GOLD’S PRICE( IT FELL BY $11.20/)//BUT WERE UNSUCCESSFUL IN KNOCKING OFF ANY NET SPECULATOR LONGS AS WE DID HAVE A FAIR GAIN IN OUR TWO EXCHANGES.,WE HAD A CONSIDERABLE T.A.S. SPREADER LIQUIDATION THURSDAY PRIOR TO TODAY’S NON FARM PAYROLL REPORT. BUT CENTRAL BANK LONGS, SEIZING THE MOMENT, EXERCISED FOR PHYSICAL IN A BIG WAY TENDERING FOR PHYSICAL THURSDAY EVENING FOR A FRIDAY DELIVERY.

WE HAVE GAINED A TOTAL OF 9.315 PAPER TONNES FROM OUR TWO EXCHANGES, ACCOMPANYING OUR INITIAL GOLD TONNAGE STANDING FOR OCT (33.651TONNES) ON FIRST DAY NOTICE FOLLOWED BY TODAY’S HUGE 9200 OZ QUE JUMP………………..

//NEW STANDING FOR OCT 35..455TONNES.+ 20.174 TONNES (EXCHANGE FOR RISK)

NEW STANDING FOR OCT 35.455 TONNES + 20.174 TONNES EXCHANGE FOR RISK= 55.629 TONNES

ALL OF THIS WAS ACCOMPLISHED WITH OUR LOSS IN PRICE TO THE TUNE OF $8.95

WE HAVE ADDED 54 CONTRACTS FROM THE COMEX TRADES TO OPEN INTEREST (CROOKS)//PRELIMINARY TO FINAL.

NET GAIN ON THE TWO EXCHANGES 3049 CONTRACTS OR 304900 OZ (9.4836 TONNES)

confirmed volume FRIDAY 216,667 contracts fair

//speculators have left the gold arena

END

OCT 7 OCT GOLD CONTRACT

/ /// THE OCT 2024 GOLD CONTRACT

Gold	Ounces
Withdrawals from Dealers* Inventory in oz*	nil
Withdrawals from Customer* Inventory in oz*	NIL .
Deposit to the Dealer* Inventory in oz*	NIL
Deposits to the Customer* Inventory, in oz*	nil oz
No of oz served (contracts) today	225 notice(s) 22500 OZ 0.6937TONNES
No of oz to be served (notices)	95contracts 9500 OZ 0.2954 TONNES
Total monthly oz gold served (contracts) so far this month	11,304 notices 1,130,400oz 35.160TONNES
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

dealer deposits:0

total dealer deposits: nil oz

we have 0 customer deposits

total deposits 0 oz

withdrawals: 0

TOTAL WITHDRAWALS: NIL oz

adjustments: 0

CALCULATIONS FOR THE AMOUNT OF GOLD STANDING FOR OCT.

For the front month of OCT: we have an oi of 320 contracts having LOST 147 contracts.

We had 239 contracts filed on Friday so we GAINED 92 contracts on our two exchanges or 92 CONTRACTS underwent a huge 9200 oz queue jump.

NOVEMBER LOST 52 CONTRACTS TO STAND AT 1200

DECEMBER, THE BIGGEST DELIVERY MONTH LOST 867 CONTRACTS TO 450,459

We had 225 contracts filed for today representing 22500 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 issued from their client or customer account. The total of all issuance by all participants equate to 225 contract(s) of which 0 notices were stopped (received) by j.P. Morgan dealer and 69 notice(s) was (were) stopped (received) by J.P.Morgan//customer account

To calculate the INITIAL total number of gold ounces standing for OCT /2024. contract month, we take the total number of notices filed so far for the month (11,304x 100 oz ) to which we add the difference between the open interest for the front month of OCT(320CONTRACTS) minus the number of notices served upon today (225 x 100 oz per contract( equals 1,139,900 OZ OR 35.455 TONNES. TO WHICH WE ADD THAT STUPID 20.174 TONNES OF EXCHANGE FOR RISK, NEW TOTAL = 55.629 TONNES

thus the INITIAL standings for gold for the OCTOBER contract month: No of notices filed so far (11,304 x 100 oz +we add the difference for front month of OCT (320 OI} minus the number of notices served upon today (225x 100 oz which equals 1,139,900 oz (35.455 TONNES + 20.174 EX. FOR RISK DELIVERY = 55.343 TONNES

TOTAL COMEX GOLD STANDING FOR OCT.: 55.455 TONNES WHICH IS HUGE FOR THIS NON ACTIVE DELIVERY MONTH IN THE CALENDAR.

XXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXXX

COMEX GOLD INVENTORIES/CLASSIFICATION

NEW PLEDGED GOLD:

241,794.285 oz NOW PLEDGED /HSBC 5.94 TONNES

204,937.290 OZ PLEDGED MANFRA 3.08 TONNES

83,657.582 PLEDGED JPMorgan no 1 1.690 tonnes

265,999.054, oz JPM No 2

1,152,376.639 oz pledged Brinks/

Manfra: 33,758.550 oz

Delaware: 193.721 oz

International Delaware:: 11,188.542 oz

total pledged gold: 1,625,384.328 oz 50.55tonnes

TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD: 17,048,313.722 OZ

TOTAL REGISTERED GOLD 7,828,206.279/// 243,49tonnes).

TOTAL OF ALL ELIGIBLE GOLD: 9,220,107.447 OZ

REGISTERED GOLD THAT CAN BE SERVED UPON: 6,202,,822 oz (REG GOLD- PLEDGED GOLD)= 192.93 tonnes //

END

SILVER/COMEX

OCT 7 2024

INITIAL

//2024// THE OCT 2024 SILVER CONTRACT//INITIAL

Silver	Ounces
Withdrawals from Dealers* Inventory*	NIL oz
Withdrawals from Customer Inventory	720,581.450 OZ BRINKS Loomis .
Deposits to the Dealer* Inventory*	nil oz
Deposits to the Customer Inventory	NIL oz
No of oz served today (contracts)	30 CONTRACT(S) (0.150 MILLION OZ)
No of oz to be served (notices)	10 contracts (50,000oz)
Total monthly oz silver served (contracts)	1272Contracts (6.3600 MILLION oz)
Total accumulative withdrawal of silver from the Dealers* inventory this month*	NIL oz
Total accumulative withdrawal of silver from the Customer* inventory this month*

i) 0 dealer deposit/

total dealer deposit : NIL oz

i) We had 0 dealer withdrawal

total dealer withdrawals: 0 oz

We had 0 customer deposits:

total customer deposits NIL oz

We had 2 withdrawals

i) Out of Brinks: 620,302.24 oz

ii) Out of Loomis: 100,279.210 oz

total withdrawal 720,581.450 oz OZ

JPMorgan has a total silver weight: 134.996million oz/305.873million or 44.11%

adjustment 0

TOTAL REGISTERED SILVER: 70.864MILLION OZ//.TOTAL REG + ELIGIBLE. 305.873million oz

CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR OCT

silver open interest data:

FRONT MONTH OF OCT /2024 OI: 40 OPEN INTEREST FOR A LOSS OF 65 CONTRACTS

WE HAD 87 CONTRACTS SERVED ON FRIDAY SO WE GAINED 22 CONTRACTS OR WE ENTERTAINED A HUGE 110,000 OZ QUEUE JUMP

NOVEMBER SAW A LOSS OF 43 CONTRACTS TO STAND AT 638

DECEMBER SAW A GAIN OF 277 CONTRACTS UP TO 126,081 CONTRACTS

TOTAL NUMBER OF NOTICES FILED FOR TODAY: 30 for 0.150 MILLION oz

CONFIRMED volume; ON FRIDAY 91,509 huge

To calculate the number of silver ounces that will stand for delivery in OCT we take the total number of notices filed for the month so far at 1242x 5,000 oz = 6.360 MILLION oz

to which we add the difference between the open interest for the front month of OCT (40 and the number of notices served upon today 30x (5000 oz) equals the number of ounces standing.

Thus the standings for silver for the OCT2024 contract month: 1272 Notices served so far) x 5000 oz + OI for the front month of OCT(40) number of notices served upon today minus (30)x 5000 oz of silver standing for the OCT contract month equates to 6.410 MILLION OZ.

New total standing: 6.410 million oz.

There are 70.864 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

BOTH GLD AND SLV ARE MASSIVE FRAUDS!

GLD AND SLV INVENTORY LEVELS//

GLD

OCT 7 WITH GOLD DOWN $1.85 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD; A WITHDRAWAL OF 1.15 TONNES OF GOLD OUT OF THE GLD// . // .///INVENTORY RESTS AT 876.26 TONNES

OCT 4 WITH GOLD DOWN $11.20 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD; A DEPOSIT OF 12.57 TONNES OF GOLD INTO THE GLD// . // .///INVENTORY RESTS AT 877.41 TONNES

OCT 3 WITH GOLD DOWN $8.95 ON THE DAY; NO CHANGES IN GOLD AT THE GLD; . // .///INVENTORY RESTS AT 874.82 TONNES

OCT 2WITH GOLD DOWN $20.05 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD; A DEPOSIT OF 2.88 TONNES OF GOLD INOT THE GLD. // .///INVENTORY RESTS AT 874.82 TONNES

OCT 1 WITH GOLD UP $28,55 ON THE DAY; NO CHANGES IN GOLD AT THE GLD; // .///INVENTORY RESTS AT 871.94 TONNES

SEPT 30 WITH GOLD DOWN $6.50 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD; A WITHDRAWAL OF 5.18 TONNES OF GOLD FROM THE GLD// .///INVENTORY RESTS AT 871.94 TONNES

SEPT 27 WITH GOLD DOWN $26.60 ON THE DAY; NO CHANGES IN GOLD AT THE GLD .///INVENTORY RESTS AT 877,12 TONNES

SEPT 26 WITH GOLD UP $11.20 ON THE DAY; NO CHANGES IN GOLD AT THE GLD .///INVENTORY RESTS AT 877,12 TONNES

SEPT 25WITH GOLD UP $9.25 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD ./// /:// A DEPOSIT OF 1.73 TONNES OF GOLD INTO THE GLD//////INVENTORY RESTS AT 877,12 ONNES

SEPT 24WITH GOLD UP $23.60 ON THE DAY; NO CHANGES IN GOLD AT THE GLD ./// /:// //////INVENTORY RESTS AT 875.39 ONNES

SEPT 23 WITH GOLD UP $6.65 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD A DEPOSIT OF 1,43 TONNES OF GOLD INTO THE GLD../// /:// //////INVENTORY RESTS AT 875.39 ONNES

SEPT 20 WITH GOLD UP $32.10 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD A DEPOSIT OF 1,73 TONNES OF GOLD INTO THE GLD../// /:// //////INVENTORY RESTS AT 873,96ONNES

SEPT 19 WITH GOLD UP $17,05 ON THE DAY; NO CHANGES IN GOLD AT THE GLD/// /:// //////INVENTORY RESTS AT 872.23TONNES

SEPT 18 WITH GOLD UP $5.95 ON THE DAY; NO CHANGES IN GOLD AT THE GLD/// /:// //////INVENTORY RESTS AT 872.23TONNES

SEPT 17WITH GOLD DOWN $15.35 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD A HUGE DEPOSIT OF 1.52 TONNES INTO THE GLD /:// //////INVENTORY RESTS AT 872.23TONNES

SEPT 16 WITH GOLD DOWN $1.25 ON THE DAY; NO CHANGES IN GOLD AT THE GLD /:// //////INVENTORY RESTS AT 870,71 TONNES

SEPT 13 WITH GOLD UP $30.45 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD /:/A DEPOSIT OF 14.54TONNES OF GOLD VAPOUR INTO THE GLD/ //////INVENTORY RESTS AT 870,71 TONNES

SEPT 12 WITH GOLD UP $37.80 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD /:/A DEPOSIT OF 1.74 TONNES OF GOLD INTO THE GLD/ //////INVENTORY RESTS AT 866.18 TONNES

SEPT 11 WITH GOLD DOWN $0.90 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD /:/A DEPOSIT OF 1.70 TONNES OF GOLD INTO THE GLD/ //////INVENTORY RESTS AT 864.44 TONNES

SEPT 10 WITH GOLD UP $12.00ON THE DAY; NO CHANGES IN GOLD AT THE GLD /:/ //////INVENTORY RESTS AT 862.74 TONNES

SEPT 9 WITH GOLD UP $12.95 ON THE DAY; NO CHANGES IN GOLD AT THE GLD /:/ //////INVENTORY RESTS AT 862.74 TONNES

SEPT 6 WITH GOLD DOWN $17.65 ON THE DAY; NO CHANGES IN GOLD AT THE GLD /:/ //////INVENTORY RESTS AT 862.74 TONNES

SEPT 5 WITH GOLD UP $18.00 ON THE DAY; NO CHANGES IN GOLD AT THE GLD /:/ //////INVENTORY RESTS AT 862.74 TONNES

SEPT 4 WITH GOLD UP $3.45 ON THE DAY; NO CHANGES IN GOLD AT THE GLD /:/ //////INVENTORY RESTS AT 862.74 TONNES

SEPT 3 WITH GOLD DOWN $4.25 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD A DEPOSIT OF 5,47 TONNES OF GOLD INTO THE GLD/:/ //////INVENTORY RESTS AT 862.74 TONNES

AUGUST 30 WITH GOLD DOWN $31.30 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD A DEPOSIT OF 1.15 TONNES OF GOLD INTO THE GLD/:/ //////INVENTORY RESTS AT 857.27 TONNES

AUGUST 29 WITH GOLD UP $23.50 ON THE DAY; NO CHANGES IN GOLD AT THE GLD:/ //////INVENTORY RESTS AT 856.12 TONNES

AUGUST 28 WITH GOLD DOWN $14.65 ON THE DAY; NO CHANGES IN GOLD AT THE GLD:/ //////INVENTORY RESTS AT 856.12 TONNES

GLD INVENTORY: 876,26 TONNES, TONIGHTS TOTAL

SILVER

OCT 7 WITH SILVER DOWN 39 CENTS : HUGE CHANGES IN SILVER INVENTORY AT THE SLV A WITHDRAWAL OF 684,000 OZ FORM THE SLV..: /INVENTORY AT SLV RESTS AT 466.461 MILLION OZ

OCT 4 WITH SILVER UP 0 CENTS : NO CHANGES IN SILVER INVENTORY AT THE SLV.: /INVENTORY AT SLV RESTS AT 465.777MILLION OZ

OCT 3WITH SILVER UP 69 CENTS :HUGE CHANGES IN SILVER INVENTORY A WITHDRAWAL OF 1.643 MILLION OZ FORM THE SLV//.: /INVENTORY AT SLV RESTS AT 467.555MILLION OZ

OCT 2WITH SILVER DOWN $0.23 : NO CHANGES IN SILVER INVENTORY: /INVENTORY AT SLV RESTS AT 469.198MILLION OZ

OCT 1 WITH SILVER UP $0.30 : HUGE CHANGES IN SILVER INVENTORY: A WITHDRAWAL OF 1.368 MILLION OZ INTO THE SLV/. /: .///./// /INVENTORY AT SLV 469.198MILLION OZ

SEPT30 WITH SILVER DOWN $0.33 : HUGE CHANGES IN SILVER INVENTORY: A DEPOSIT OF 1.094 MILLION OZ INTO THE SLV/. /: .///./// /INVENTORY AT SLV 470.566MILLION OZ

SEPT27WITH SILVER DOWN $0.58 : HUGE CHANGES IN SILVER INVENTORY: A DEPOSIT OF 4.653 MILLION OZ INTO THE SLV/. /: .///./// /INVENTORY AT SLV 469.472MILLION OZ

SEPT26WITH SILVER UP $0.29 : NO CHANGES IN SILVER INVENTORY:/. /: .///./// /INVENTORY AT SLV 464.819 MILLION OZ

SEPT25WITH SILVER DOWN $0.26 : HUGE CHANGES IN SILVER INVENTORY:. A WITHDRAWAL OF 2.281MILLION OZ FROM THE SLV/. /: .///./// /INVENTORY AT SLV 464,819 MILLION OZ

SEPT24 WITH SILVER UP $1.26 : HUGE CHANGES IN SILVER INVENTORY:. A DEPOSIT OF 9,305 MILLION OZ FROM THE SLV/. /: .///./// /INVENTORY AT SLV 467,100 MILLION OZ

SEPT23 WITH SILVER DOWN $0.39 : HUGE CHANGES IN SILVER INVENTORY:. A WITHDRAWAL OF 1.824MILLION OZ FROM THE SLV/. /: .///./// /INVENTORY AT SLV 457.795MILLION OZ

SEPT20 WITH SILVER UP $0.08 : NO CHANGES IN SILVER INVENTORY:. A WITHDRAWAL OF 1.46 MILLION OZ FROM THE SLV/. /: .///./// /INVENTORY AT SLV 459,619 MILLION OZ

SEPT19 WITH SILVER UP $0.85 : HUGE CHANGES IN SILVER INVENTORY:. A WITHDRAWAL OF 1.46 MILLION OZ FROM THE SLV/. /: .///./// /INVENTORY AT SLV 459,619 MILLION OZ

SEPT18 WITH SILVER DOWN $0.29 : HUGE CHANGES IN SILVER INVENTORY:. A WITHDRAWAL OF 1,551 MILLION OZ FROM THE SLV/. /: .///./// /INVENTORY AT SLV 461.079 MILLION OZ

SEPT17 WITH SILVER DOWN $0.13 : HUGE CHANGES IN SILVER INVENTORY:. A WITHDRAWALOF 5.976 MILLION OZ FROM THE SLV/. /: .///./// /INVENTORY AT SLV 462MILLION OZ

SEPT16//WITH SILVER UP $0.10 : HUGE CHANGES IN SILVER INVENTORY:. ADEPOSIT OF 958,000 OZ INTO THE SLV/. /: .///./// /INVENTORY AT SLV 468.606MILLION OZ

SEPT13//WITH SILVER UP $1.13/ NO CHANGES IN SILVER INVENTORY:./. /: .///./// /INVENTORY AT SLV 467.648MILLION OZ

SEPT 11//WITH SILVER UP $0.33/SMALL CHANGES IN SILVER INVENTORY: A HUGE DEPOSIT OF 2.099 MILLION OZ INTO THE SLV/ OZ OF SILVER FROM THE SLV./. /: .///./// /INVENTORY AT 467.648MILLION OZ

SEPT 10//WITH SILVER DOWN $.06/SMALL CHANGES IN SILVER INVENTORY: A WITHDRAWAL OF 639,000 OZ OF SILVER FROM THE SLV./. /: .///./// /INVENTORY AT 465.549MILLION OZ

SEPT 9//WITH SILVER UP $0.45//SMALL CHANGES IN SILVER INVENTORY: A WITHDRAWAL OF 46,000 OZ OF SILVER FROM THE SLV./. /: .///./// /INVENTORY AT 466.188 MILLION OZ

SEPT 6//WITH SILVER DOWN $.84//NO CHANGES IN SILVER INVENTORY /: .///./// /INVENTORY AT 466.234 MILLION OZ

SEPT 5//WITH SILVER UP $.55//SMALL CHANGES IN SILVER INVENTORY A WITHDRAWAL OF 0.193 MILLION OZ OF SILVER INTO THE SLV/: .///./// /INVENTORY AT 466.234 MILLION OZ

SEPT 4//WITH SILVER UP $.17//SMALL CHANGES IN SILVER INVENTORY A DEPOSIT OF 0.456 MILLION OZ OF SILVER INTO THE SLV/: .///./// /INVENTORY AT 466.427 MILLION OZ

SEPT 3//WITH SILVER DOWN $.74//HUGE CHANGES IN SILVER INVENTORY A DEPOSIT OF 1.278 MILLION OZ OF SILVER INTO THE SLV/: .///./// /INVENTORY AT 465.971 MILLION OZ

AUGUST30//WITH SILVER DOWN $.42//NO CHANGES IN SILVER INVENTORY: .///./// /INVENTORY AT 464.693 MILLION OZ

AUGUST 29//WITH SILVER UP $.37//SMALL CHANGES IN SILVER INVENTORY:A WITHDRAWAL OF 0.558 MILLION OZ OZ OUT OF THE SLV. .///./// /INVENTORY AT 464.693 MILLION OZ

AUGUST 28//WITH SILVER DOWN $0.76//HUGE CHANGES IN SILVER INVENTORY:A DEPOSIT OF 2.301 MILLION OZ OZ OUT OF THE SLV. .///./// /INVENTORY AT 465.281 MILLION OZ

CLOSING INVENTORY 466.461MILLION OZ//

PHYSICAL GOLD/SILVER COMMENTARIES

1/ PETER SCHIFF/SCHIFF GOLD/MIKE MAHARRY

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

Silver update

Silver is looking bullish, but just how bullish? This article looks at the internals on Comex for an answer, putting technical factors into a trading context.

Alasdair MacleodOct 7∙Paid

READ IN APP

I start this note with silver’s technical chart, which any technical analyst will agree is very bullish, particularly since silver is challenging new high ground in this particular timescale. It has been higher in the past, notably 2011—2012, when it peaked at $49.80 and the situation was nothing like that of today. We can therefore confidently assume that past levels don’t matter, and for all intents silver is marching into new high ground.

The purpose of this article is to attempt to sift out speculative demand from the more stable. We shall look at positions on Comex as revealed by Commitment of Traders figures.

First, the Managed Money category, comprised of hedge funds, who use futures for leveraged trading and are therefore speculators.

Over the last eighteen years, we can see that the neutral position is approximately 25,000 contracts net long, and we can take 50,000+ to be overbought. Currently, the position is net long 37,338 contracts, so this category is by no means overbought. More buying from this category can be easily accommodated without risking a significant sell-off.

The next chart is of the sum of the Other and Non-Reportable categories. And it can be seen that they have dramatically increased their net longs over the last two years. But should this worry us?

I think not. These traders are the ones standing for delivery, and the Non-Reportables (about half the total) are flying under the radar. They have the characteristics of longer-term players on average, less likely than hedge funds to be shaken out on price dips. Indeed, the rise in this combined position appears to be driving prices higher on Comex, at least.

Next up, Producers and Merchants.

Not much to see here. Bear in mind that silver is very much a byproduct of mining other metals, particularly gold and copper. Because of its price volatility, mine managers lock in the price instead of timing the market. Futures hedging appears to be at normal levels.

Lastly, the Swaps.

Clearly, the Swaps are being badly squeezed and the combination of 42,096 net contracts short and a $32 price is considerably more painful for them than in 2016 when silver rose from $14 to $20. Together with record short positions on gold valued in US$, some of these traders might be close to being in trouble. And any public admission of mounting problems in this category would probably drive prices higher because behind-the-scenes rescues are getting increasingly difficult, given the shortage of metal.

Takeaway conclusions.

With hedge funds (Managed Money) not yet fully on board, there’s already a major squeeze on the Swaps, not helped by the Other and Non-Reported categories increasingly standing for delivery. And once the $32.50—33.00 barrier is overcome, the move in price looks like being dramatic on the upside.

3.CHRIS POWELL AND DAILY GOLD/SILVER DISPATCHES

END

4. OTHER GOLD COMMENTARIES//LIVE FROM THE VAULT/

5 B GLOBAL COMMODITY ISSUES/FOOD IN GENERAL//FREIGHT/COMMODITIES:

6 CRYPTOCURRENCY NEWS

END

ASIA TRADING/MONDAY MORNING/SUNDAY NIGHT

SHANGHAI CLOSED

//Hang Seng CLOSED

ONSHORE USA/ YUAN TRADING XXX LEVEL OF OFFSHORE YUAN/ONSHORE YUAN TRADING XXXX AGAINST US DOLLAR/OFFSHORE YUAN WEAKER

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

ONSHORE YUAN: CLOSED

OFFSHORE YUAN: DOWN TO 7.0653

SHANGHAI CLOSED CLOSED

HANG SENG CLOSED CLOSED

2. Nikkei closed UP 697.12 POINTS OR 1.80%

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

USA dollar INDEX UP TO 102.28 EURO RISES TO 1.0974 UP 8 BASIS PTS

3b Japan 10 YR bond yield: RISES TO. +0.928 Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 148.36…… JAPANESE YEN NOW FALLING AS WE HAVE NOW REACHED THE RE EMERGING OF THE YEN CARRY TRADE AGAIN 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: XXX 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 UP for WTI and UP FOR UP this morning

3h European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund YIELD UP TO +2.2450 Italian 10 Yr bond yield UP to 3.552 SPAIN 10 YR BOND YIELD UP TO .3004

3i Greek 10 year bond yield UP TO 3.186

3j Gold at $2658.70 /Silver at: 31.99 1 am est) SILVER NEXT RESISTANCE LEVEL AT $34.40//AFTER 28.40

3k USA vs Russian rouble;// Russian rouble DOWN 0 AND 49/100 roubles/dollar; ROUBLE AT 96.25

3m oil into the 76 dollar handle for WTI and 79 handle for Brent/

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

JAPAN ON JAN 29.2016 CONTINUES NIRP. THIS MORNING RAISES AMOUNT OF BONDS THAT THEY WILL PURCHASE UP TO .5% ON THE 10 YR BOND///YEN TRADES TO 148.36 10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 0.929% 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 0.8564 as the Swiss Franc is still rising against most currencies. Euro vs SF: 0.9398 well above the floor set by the Swiss Finance Minister. Thomas Jordan, chief of the Swiss National Bank continues to purchase euros trying to lower value of the Swiss Franc.

USA 10 YR BOND YIELD: 4.009 UP 3 BASIS PTS…

USA 30 YR BOND YIELD: 4.271 UP 1 BASIS PTS/

USA 2 YR BOND YIELD: 4.010 UP 8 BASIS PTS

USA DOLLAR VS TURKISH LIRA: 34.25…

10 YR UK BOND YIELD: 4.234 UP 10 PTS

10 YR CANADA BOND YIELD: 3.270 UP 10 BASIS PTS

5 YR CANADA BOND YIELD: 3.105 UP 7 PTS.

2a New York OPENING REPORT

US Futures Slide As Yields Rise Back Over 4%, Curve Reinverts, Oil Surges

by Tyler Durden

Monday, Oct 07, 2024 – 08:16 AM

US equity futures are lower as the selling in Treasuries accelerates after strong US jobs data slashed bets on a big interest-rate reduction next month from the Federal Reserve and an overnight surge in oil pushed Brent to $80 (see last night’s “A Historic Short Squeeze In Oil Has Only Begun“), which sent both the 2Y and 10Y above 4.00%. As of 8:00am ET, S&P futures are down 0.4% after closing just shy of an all-time high on Friday when the spike in yields failed to dent bullish sentiment, while Nasdaq futures drop 0.6% as most Mag 7s are lower; AMZN -1.9%, AAPL -1.4% and NVDA -1.2%. In rates, the entire curve is blowing out wider, with 2-, 5-, 10- and 30y yields up by 7bp, 6bp, 4bp and 2bp, respectively as swaps markets now price in less than a quarter-point rate cut next month, having expected a 50 basis-point move until recently. Oil has added another +2.3% amid growing fears of imminent Iran escalation with Israel launching a new offensive in Northern Gaza over the weekend; base metals are higher, while ags are lower. This week, the key macro focus will be CPI on Thursday and 12 Fed speakers throughout the week. We will have a number of Tech catalysts, including: NVDA’s AI Summit (Monday through Wednesday), AMZN’s Prime Day starting Tuesday, AMD’s Advancing AI event on Thursday, and TSLA’s Robotaxi unveil on Thursday. Q3 earnings will kick off with banks on Friday.

In premarket trading, Pfizer climbed more than 2% after Bloomberg reported activist investor Starboard Value had taken a stake of about $1 billion in the firm. Arcadium Lithium Plc. leapt 29% on news Rio Tinto Plc had made a non-binding takeover approach. Here are some other notable premarket movers:

Air Products rises 6% after the Wall Street Journal reported activist investor Mantle Ridge has a more than $1 billion stake in the company, citing people familiar with the matter.
Amazon.com slips 1.9% as Wells Fargo steps away from its bullish rating.
Arcadium soars 29% after Rio Tinto made an approach for the lithium producer.
Casino stocks are moving higher after Wynn Resorts received a commercial gaming operator’s license in the United Arab Emirates. Wynn (WYNN) +2%, Las Vegas Sands (LVS) +3%
Garmin declines 3% as Morgan Stanley downgrades the stock to underweight, flagging concerns about product launch timing and market headwinds.
Heidelberg Materials AG benefited from a report that the Adani Group has started talks to buy the company’s Indian cement operations, and luxury-goods firm Richemont rose after an announcement it would sell the online retailer YNAP to Mytheresa.

The drop in rate cut expectations will likely to weigh on equity markets, which have rallied to record highs recently amid signs of a robust US economy, easing inflation and big rate cuts. In addition, crude oil prices pushed higher to approach $80 a barrel, as investors await Israel’s response to the recent Iranian missile strike. Marija Veitmane, head of equity strategy at State Street Global Markets, said she still remains constructive on the equity outlook as economies remain resilient and inflation is easing. However, “we have to be a bit careful in terms of drivers, as we will probably not get a lot of big aggressive rate cuts,” Veitmane said on Bloomberg TV.

Investors are now looking ahead to the US inflation data due Thursday, with economists surveyed by Bloomberg expecting year-on-year price growth at 2.3%, a slight slowdown from the previous reading. The earnings season also kicks off this week with reports from big US banks. Earnings growth is seen robust though it’s expected to slow from the second quarter.

European stocks also edged lower as bond yields rose across the continent. The Stoxx 600 falls 0.4% with rate sensitive sectors – real estate and technology – leading declines. Heidelberg Materials AG benefited from a report that the Adani Group has started talks to buy the company’s Indian cement operations, and luxury-goods firm Richemont rose after an announcement it would sell the online retailer YNAP to Mytheresa. Germany sank deeper into recession after Industrial Production tumbled a worse than expected 5.8%, prompting many to wonder if even China’s bazooka can fix Europea this time.

Here are the top European movers:

Shell shares rise as much as 0.7% after the oil company’s third-quarter update showed its upstream and integrated gas divisions continued to benefit from strong momentum, helping counter a weaker downstream performance, according to analysts
Richemont shares gain as much as 2% after the luxury goods group sold its e-commerce platform YNAP to Mytheresa. Analysts were positive on the deal because the retail platform has struggled against a weaker spending backdrop
Jenoptik gains as much as 6.8%, the most in two months, after Deutsche Bank upgraded its view on the German industrial optics firm to buy from hold, signposting a “three-step path to higher valuation”
FD Technologies shares rise as much as 9.4% to hit their highest level in almost 14 months after agreeing to sell its First Derivative Business to EPAM Systems for an enterprise value of £230 million
Sanofi shares slip as much as 3%, the most since May 13, after people with knowledge of the matter said bidders for its consumer healthcare unit are revising their offers in part to address concerns around potential liabilities related to a brand that sold talcum powder
Bayer shares drop as much as 3%, worst performer in the Stoxx 600 Health Care Index on Monday morning, as analysts at Deutsche Bank and Morgan Stanley both predict a “soft” third quarter
Neste falls as much as 3.1% as BNP Paribas Exane cuts its recommendation to underperform from neutral, saying it sees little reason to believe the energy firm’s margins will materially inflect next year
Alten falls as much as 6.7% and TietoEVRY as much as 4.8% after Bank of America cut its ratings on the IT services firms to underperform in a review of the sector

Earlier in the session, Asian stocks snapped a three-day losing run, as a weaker yen buoyed Japanese equities and shares in Hong Kong extended their rally. The MSCI Asia Pacific Index rose as much as 1.2%. Exporters led gains in Japan as the yen slumped against the dollar following a stronger-than-expected US jobs report. TSMC and Recruit Holdings were among the biggest boosts to the regional gauge. Hong Kong-listed Chinese stocks continued to rally, despite a mid-day scare which saw stocks briefly dip, as traders awaited a press briefing by China’s top economic planner due Tuesday for more details on Beijing’s stimulus measures. Traders also prepared for the onshore market to reopen Tuesday after the week-long Golden Week holiday. Chinese equities have been cheap, and “we have added significant capital to China throughout the year,” said Vikas Pershad, a fund manager at M&G Investments, speaking on Bloomberg Television. “The initiatives coming out tomorrow may probably continue to support “consumer first and then moving on to other industries as well.”

In FX, the Bloomberg Dollar Spot Index is little changed. The yen is the best performer among the G-10’s, rising 0.2% against the greenback, even as Goldman expressed surprise about the move: “Surprising to see JPY is still long. Given our house view that US economy will fare well and BoJ’s dovish rhetoric, JPY longs look vulnerable. We see good scope for market re-initiating JPY shorts next few weeks” FX trader Kerem Cirpan wrote. The pound is the weakest with a 0.4% fall.

In rates, treasuries added to Friday’s sharp fall where surprisingly robust September US payrolls data undercut chances for another large interest-rate cut from the Federal Reserve. The US 10-year yield rises 4 bps to above 4% for the first time since Aug. 8. Meanwhile the 2s10s yield curve uninverted for the first time since Sept 18. European bonds follow suit with Gilts faring worse than their German counterparts.

In commodities, oil prices rise after their best week since January 2023, with Brent crude futures up ~2% at $79.70 a barrel. Spot gold is steady around $2,653/oz.

Looking at the day’s main event, US economic data calendar includes August consumer credit at 3pm. Ahead this week are CPI and PPI, as well as minutes of September FOMC on Wednesday Fed speakers scheduled include Bowman (1pm), Kashkari (1:50pm), Bostic (6pm) and Musalem (6:30pm)

Market snapshot

S&P 500 futures down 0.3% to 5,784.00
STOXX Europe 600 little changed at 518.07
MXAP up 1.0% to 196.73
MXAPJ up 0.6% to 627.93
Nikkei up 1.8% to 39,332.74
Topix up 1.7% to 2,739.39
Hang Seng Index up 1.6% to 23,099.78
Shanghai Composite up 8.1% to 3,336.50
Sensex down 0.8% to 81,045.70
Australia S&P/ASX 200 up 0.7% to 8,205.40
Kospi up 1.6% to 2,610.38
German 10Y yield little changed at 2.26%
Euro little changed at $1.0977
Brent Futures up 1.2% to $79.02/bbl
Gold spot up 0.0% to $2,654.36
US Dollar Index little changed at 102.44

Top Overnight news

China’s home sales rose during the National Day holiday after a string of property stimulus measures to boost the country’s beleaguered real estate market since late September, state media said on Saturday. RTRS
China’s NDRC (National Development and Reform Commission) will hold a news conference on Tues to unveil a “wide-ranging action plan” for implementing the government’s stimulus agenda. SCMP
BOJ’s report on Japan’s regional economies suggest the central bank remains on a path to tighten policy, although doesn’t signal the need for immediate action. BBG
Trump’s economic plan would explode the deficit by more than double Harris’s blueprint ($7.5T for Trump vs. $3.5T for Harris). WSJ
The leader of Hamas, Yahya Sinwar, has become fatalistic after nearly a year of war in Gaza and is determined to see Israel embroiled in a wider regional conflict, U.S. officials said. NYT
IDF said on Monday that it is targeting Hamas sites and rocket launchers throughout the Gaza Strip and it attacked a Hamas command and control post at the Al-Aqsa Martyrs Hospital. It was also reported that four projectiles were fired from Gaza as Israel began October 7 commemorations, according to AFP. Furthermore, Israeli media reported sirens sounded in Tel Aviv for fear of infiltration of drones and the Israeli military also announced that sirens sounded in Rishon Letsiyon in central Israel.
Investment banks, forced to take big writedowns on risky merger and acquisitions loans after a global surge in interest rates, are now jumping back into leveraged buyouts — one of the most lucrative areas in finance. Traditional lenders and private credit managers are telling private equity firms, that they can provide more than $15 billion of debt on a single junk-rated deal. That’s about 50% more than last year, according to some market participants, when a number of loans were stuck on lenders’ balance sheets after central banks aggressively hiked rates to tame inflation. BBG
TSLA was the subject of a cautious Barron’s cover story over the weekend, with the report expressing skepticism about the upcoming robotaxi catalyst (which might not have enough detail and specifics to spur further gains in the stock) and warning that an underwhelming event on Thurs could erode the perception of the company being anything other than an EV maker. Barron’s
GOOGL’s dominance of the search market is gradually eroding thanks to Amazon, TikTok, and AI firms (Google’s share of the search ad market is expected to soon drop below 50%). WSJ
Goldman cut its 12-month US recession probability back to the unconditional long-term average of 15% (from 20%), where it stood before the jump in the unemployment rate from 4.054% in June to 4.253% in July. GIR

A more detailed look at global markets courtesy of Newsquawk

APAC stocks began the week on the front foot following last Friday’s gains on Wall St owing to the blockbuster jobs report, while Japanese stocks led the advances on the back of recent currency weakness. ASX 200 shrugged off early indecision as strength in tech, financials and miners picked up the slack from weakness in defensives. Nikkei 225 gapped above the 39,000 level with the rally facilitated by recent JPY weakness, while a Reuters analysis report suggested that a preference by Japan’s new leadership for loose monetary policy raises the hurdle for rate hikes. Hang Seng climbed at the open ahead of tomorrow’s resumption of trade in the mainland and the NDRC’s news conference to discuss implementing a package of policies to promote economic growth, although the gains were initially capped by weakness in some property stocks and China-EU tariff frictions.

Top Asian News

Chinese officials will brief on economic policy implementation with the state planner to conduct a news conference on Tuesday at 10:00 local time (03:00BST/22:00EDT).
Chief China correspondent at the WSJ posted on X “Source in Beijing told me there are lots of ‘misunderstandings in the market’ about what China will do next to support growth. Yes, some fiscal measures “in the pipeline” but nothing as big as some had speculated”.
Japanese Finance Minister Kato said a weak yen has both merits and demerits, while he added that they will need to monitor how excessive forex moves will affect corporate activities and households.
UMC (2303 TW) Sept (TWD) Sales 18.94bln, -0.58% Y/Y.
BoJ Osaka Branch Manager said firms in Kansai region all share the view that FX moves should be moderate; expects more firms to strive towards raising wages next year.
BYD (002594 CH) said new energy vehicle sales volume for September was 419,426 units (prev. 287,454 Y/Y).
Samsung Electronics (005930 KS) CEO says he is not interested in spinning off foundry or system LSI business; adds new chip factory project in Texas is tough due to changing situation.

European bourses, Stoxx 600 (-0.4%) began the session on a modestly firmer footing, but soon after the cash-open, sentiment soured. Indices are now mostly in negative territory and reside near session lows. European sectors initially opened with a modest firm bias which turned into a mixed picture within the first 15 minutes of cash trade and then mostly negative within the first half hour of trade, although no theme can be seen. Energy leads whilst Real Estate lags, given the relateively higher yield environment. US equity futures (ES -0.5%, NQ -0.7%, RTY -0.8%) are entirely in the red, continuing similar price action seen in Europe. US data docket ahead is light, but focus will be on Fed speak from Kashkari, Bostic & Musalem.

Top European News

UK Chancellor Reeves seeks to reassure investors that guardrails will be placed around extra borrowing for investment and confirmed she was looking to revise her fiscal debt rule to take account of the benefits of investment and not just the costs, according to FT. It was also reported that Chancellor Reeves is to spare private equity bosses from the top 45p tax rate in the upcoming Budget as she looks for a compromise agreement to close tax loopholes that won’t drive investors out of Britain.
UK PM Starmer’s Chief of Staff Sue Gray resigned on Sunday citing concerns about increasing news reports regarding her salary and role risk becoming a distraction to the government, according to AP.
UK ministers were warned that power market reforms pose a danger to the industry and investment with trade groups warning proposals for regional pricing could risk deindustrialisation and higher costs, according to FT.
UK’s job market continued to show more cooling in September as a survey by REC and KPMG showed growth in starting pay for people hired in permanent roles was at the slowest since February 2021.
ECB’s Villeroy said the ECB will quite probably cut rates in October due to the rising risk of inflation undershooting the 2% target, according to a La Repubblica interview.

USD is net flat vs. peers following last week’s surge which saw DXY pick up from a 100.17 low to a 102.68 peak post-NFP. The next upside target for DXY comes via the 103 mark; not breached since 16th August. Docket today is light, but Fed’s Kashkari, Bostic & Musalem are due to speak.
EUR is slightly lower vs. the USD in comparison to last week’s hefty losses, slipping from a 1.12 handle to a low of 1.0951 on account of the hawkish repricing at the Fed and endorsement of an October cut at the ECB. EUR/USD currently 1.0963.
Cable is found at the foot of the G10 chart, despite the lack of fresh UK-specific drivers. GBP/USD currently trades towards the bottom end of today’s 1.3072-1.3134 range.
JPY is a touch firmer vs. the USD but gains pale into insignificance compared to the losses seen last week which drove USD/JPY from a 141.64 low to a 149.12 high overnight.
AUD/USD is slightly lower after a bruising end to the week last week which saw the pair dragged lower onto a 0.67 handle. NZD/USD has slipped below Friday’s 0.6145 low to a session trough of 0.6136. Focus for NZD is on this week’s RBNZ rate decision.

Fixed Income

USTs are extending the downside seen in the wake of last week’s unambiguously hot NFP print which saw the odds of a 25bps rate cut rise from around 65% to current levels of 93%. US data docket today is light, so focus will be on US CPI/PPI later in the week. The US 10yr yield has climbed above 4% for the first time since Aug 8.
Bunds are on the backfoot in an extension of the price action seen late last week. As it stands, market pricing currently has a 25bps cut next week at 98% with another 25bps cut in December fully priced. The German 10yr yield has climbed as high as 2.252%; highest since 4th September.
Gilts are extending their downside with the Dec’24 contract at its lowest level since July. In terms of fresh UK drivers, there hasn’t been a great deal to go off over the weekend and that could remain the case throughout the week with Friday’s GDP print the main highlight. The UK 10yr yield has been as high as 4.189%; highest since July 4th.

Commodities

Crude is firmer across the board and extending on gains amid the backdrop of heightened geopolitics on the first anniversary of the Israel-Hamas conflict, which has broadened to include Lebanon (with a new “focused and specific” ground operation in Southern Lebanon announced today), whilst an Israeli retaliation on Iran also looms. Brent Dec resides in a USD 77.23-78.85/bbl parameter.
Mixed trade across precious metals with the complex failing to gain on geopolitics this morning, but likely taking a breather after the NFP-induced volatility on Friday. Spot gold resides in a current USD 2,639-2,656.44/oz range
Flat/mixed base metals complex with copper futures rangebound on either side of USD 10k following a similar overnight session despite the mostly positive risk tone in APAC which later faded in Europe. 3M LME copper resides currently in a USD 9,928.00-10,023.00/t parameter.
Saudi Arabia set the November Arab Light Crude Official Selling Price to Asia at a premium of USD 2.20 vs Oman/Dubai and to NW Europe at minus USD 0.45/bbl vs ICE Brent, while it set the OSP to the US at plus USD 3.90/bbl vs ASCI.
Qatar set the November Marine Crude Official Selling Price at a premium of USD 1.00/bbl vs Oman/Dubai and Land Crude OSP at a premium of USD 0.85/bbl vs Oman/Dubai.
Iraq’s Kerala refinery is undergoing extensive maintenance which started on September 25th and is currently non-operational with the maintenance expected to last for around a month, according to a source with direct knowledge cited by Reuters.
Goldman Sachs sees Brent to trade in the USD 70-85/bbl range and forecasts an average price of USD 77/bbl in Q4 2024 and USD 76/bbl for 2025. Goldman Sachs added that assuming a 2mln bpd 6-month disruption to Iranian supply, it estimates that Brent could temporarily rise to a peak of USD 90/bbl if OPEC rapidly offsets the shortfall.
NHC said Milton is strengthening over the Southern Gulf of Mexico, storm surge and and hurricane watches issued for portions of Florida
NHC said tropical storm Milton is about 845 miles west-southwest of Tampa Florida and that the risk of life-threatening impacts is increasing for portions of Florida’s west coast, while NHC said Milton is expected to become a major hurricane in the next day or so.
BP (BP/ LN) abandons 2030 oil and gas output reduction targets, via Reuters citing sources; BP eyes investments in Iraq, Kuwait and Gulf of Mexico to boost oil output in the coming years.
Shell (SHEL LN) Q3 update note: The Chemicals sub-segment adjusted earnings are expected to reflect a marginal loss in Q3 2024.

Geopolitics: Middle East

“Israeli media: Raising the state of high alert as more rockets expected from Gaza”, according to Al Jazeera.
Israel opposition leader Lapid calls to attack Iran’s oil facilities, via Walla News’s Elster.
Hamas claims the latest strike on Tel Aviv and Rishon Lezion, via Al Jazeera. These rockets were reportedly fired from Gaza. Five rockets fired at the Tel Aviv area and Iron Dome were detected, some of which were intercepted. Israel media report “A number of people injured as a result”
“Palestinian resistance factions: There is still a lot of strategic consequences for the enemy in the coming days”, according to Al Jazeera.
“IDF announces the start of a focused and specific ground operation in southern Lebanon”, according to Al Arabiya
Israel conducted a strike on a mosque in Deir Al-Balah in the central Gaza Strip over the weekend which killed at least five people and wounded 20, according to Reuters.
Israel continued its wave of airstrikes on Lebanon in what was the heaviest 24 hours of bombing since it stepped up its campaign against Hezbollah, according to a report on Sunday by FT.
Lebanese media reported rocket barrages fired from Lebanon towards the Galilee and the Haifa area in Israel, according to Asharq News. Furthermore, sources reported a direct hit on a restaurant in Haifa, Israel after rockets were fired by Hezbollah from southern Lebanon and Israel’s ambulance service separately announced 10 were wounded after Hezbollah fired rockets at Haifa, including one in serious condition.
Israel’s military issued new evacuation alerts on Sunday for areas in southern Lebanon, while it separately announced that areas of Manara, Yiftah and Malkia in northern Israel declared a closed military zone, according to Reuters.
Israel’s military announced changes to the Home Front defensive guidelines which apply to several areas including communities near the Gaza Strip in which gatherings of up to 2,000 participants will be permitted and the activity scale will be changed to partial activity in a number of central Galilee communities, while the rest of the country’s guidelines remain unchanged, according to Reuters.
Israeli military spokesperson said their response to Iran’s missile attack will come at the timing that Israel decides is best, while the spokesperson confirmed that two Israeli airbases were hit in Iran’s attack on Tuesday but noted its air force and the bases remain fully operational, according to Reuters.
Israel’s military said Hamas official Muhammad Hussein Ali Al-Mahmoud who served as Hamas’s executive authority in Lebanon and Hamas military wing in Lebanon member Said Alaa Naif Ali were killed by an Israeli air strike and operation on Saturday. It was also reported that a Lebanese security source said Hezbollah leader Hashem Safieddine was ‘unreachable’ since Israeli air strikes on Friday.
Hamas official said Israel is blocking a ceasefire agreement despite Hamas’s flexibility and urged world countries to stop the double-standards policy over Gaza and Lebanon, according to Reuters.
Hezbollah political official Qmati said Hezbollah is now being jointly led internally and picking a new Secretary-General will take some time, while he responded that Israel is not allowing a search to progress when asked about the fate of Hezbollah’s senior official Hashem Safieddine.
Iranian security officials said Quds Force commander Esmail Qaani, who travelled to Lebanon, has not been heard from since Israeli strikes on Beirut last week, according to Reuters.
Iran’s Oil Minister said he was not worried about the crisis amid reports of Israeli threats to strike Iran’s oil facilities, according to Reuters.
Iran’s Mehr news agency cited an official who stated all flights were cancelled in Iran’s airports from Sunday at 21:00 (18:30BST/13:30EDT) to Monday at 06:00 (03:30BST/22:30EDT). However, it was later reported that all flight restrictions were lifted after ensuring favourable and safe conditions.
Syria confronted hostile targets in the central region, according to state TV.
US Defense Secretary Austin spoke with Israel’s Defence Minister Gallant on Sunday to discuss Iran’s destabilising actions in the Middle East and the current situation with Lebanon and Gaza, while they reiterated commitment to deterring Iran and Iranian-backed partners and proxies from taking advantage of the situation, according to the Pentagon.
US Secretary of Defense Austin will host Israeli Defence Minister Gallant at the Pentagon on October 9th to discuss the ongoing Middle East security developments.
US State Department commented regarding the latest Israeli bombing of Lebanon in which it stated that military pressure at times can enable diplomacy but could also lead to miscalculation and that Israel has a right to pursue extremist targets but civilian infrastructure should not be targeted. Furthermore, it stated that the US is continuing discussions with Israel and that the US goal is to reach a ceasefire to provide space for diplomacy, according to Reuters.

Geopolitics: Other

Ukraine’s air forces said on Sunday morning that Russia launched 87 drones and 3 missiles at Ukraine.
Russia took control of the settlement of Zhelanne Druhe in Ukraine, according to IFX.
Netherlands’s Defence Minister pledged EUR 400mln for a drone action plan with Ukraine.
Chinese hackers reportedly breached US court wiretap systems, according to WSJ.
Philippine President Marcos said the Philippines and South Korea elevated relations to strategic partnership and he exchanged views with South Korea’s President on regional and international issues including the South China Sea and the Korean Peninsula. Furthermore, South Korean President Yoon said South Korea concurred with the Philippines a strategic partnership on the security front and will actively take part in Philippine military modernisation.
China is reportedly likely to launch military drills this week near Taiwan, according to Reuters citing Taiwanese officials, coinciding with Taiwanese President Lai’s speech on October 10th

US Event Calendar

Oct. 7-Oct. 18: Sept. Monthly Budget Statement, est. $4.3b, prior -$380.1b, revised -$380.1b
15:00: Aug. Consumer Credit, est. $12b, prior $25.5b

Central Bank speakers

13:00: Fed’s Bowman Speaks in at Independent Bankers Assoc of Texas
13:50: Fed’s Kashkari Participates in Q&A
18:00: Fed’s Bostic Moderates Conversation with Steve Koonin
18:30: Fed’s Musalem Speaks on Economy, Policy

DB’s Jim Reid concludes the overnight wrap

Morning from what already looks like the start of a sunny day here in Berlin and welcome to a new week with the one we just left behind containing plenty of surprises, twists, and turns. Stronger US data, culminating in a blockbuster payrolls number, and increased geopolitical risk led to the largest weekly increase in US 2yr yields (+36.4bps) since June 2022, the largest weekly increase in Brent (+8.43%) since January 2023, and the largest weekly increase in the Dollar index for over two years.

Meanwhile, even with China closed until tomorrow, the Hang Seng (+10.2% on the week) hit its highest level since March 2022.
We’re currently in-between US payrolls from last Friday and US CPI this Thursday which will be the highlight of this week. The first of these was a knockout report with the headline number up +254k as against expectations of +150k and with the unemployment rate falling a tenth to 4.1% (4.05% unrounded). My colleague Francis Yared always calls payrolls the “random number generator” but even with that caveat it was an impressive report and completely against recent fears. The main impact was a +21.6bps increase in 2yr US yields on Friday and the probability of a 50bps cut next month declining from around 33% to effectively zero in the process. My personal view was always that the amount of rate cuts priced in since mid to late summer was only likely if we had a recession. If we didn’t, then the rates market overall was too pessimistic. I would still say that today.

In terms of moving this argument on, it’s a relatively quiet week in the US apart from Thursday’s CPI but in terms of the main global day-by-day highlights we have the following. Today sees Germany factory orders and Eurozone retail sales, tomorrow sees German Industrial Production, and Swedish CPI, Wednesday sees the last FOMC minutes and a 10yr UST auction, Thursday sees the release of the account of the last ECB meeting, France present its budget proposal, Japanese PPI, German retail sales, Italian industrial production, Norway and Denmark CPI, and a 30yr UST auction, with Friday home to US PPI, the US University of Michigan survey, UK August monthly GDP and US Earnings season kicking off with JPMorgan, Wells Fargo, BlackRock, Bank of New York Mellon all reporting.

In terms of this week’s US CPI, DB is expecting headline CPI (+0.05% forecast vs. +0.19% previously, consensus +0.1%) to be tame with core (+0.24% vs. +0.28%, consensus +0.2%) edging lower but more elevated than headline. If DB is correct, headline YoY CPI would dip a couple of tenths to 2.3%, with core staying around the same level at 3.2%. However, the six-month annualised core rate would fall from 2.7% to 2.4%. Rents will again take centre stage after recent strength. As for PPI on Friday, DB and consensus expect headline (+0.1% vs. +0.2% last month) and core (+0.2% vs. 0.3% last month) to be directionally similar to CPI. The market will as ever pay closest attention to the categories that feed into the core PCE deflator – namely, health care services, airfares and portfolio management. Staying with inflation, Friday’s preliminary University of Michigan consumer sentiment survey will have inflation expectations which last month picked up a tenth to 3.1% for the long-run measure but fell the same amount to 2.7% for the 1yr measure.

As you’ll see in the day-by-day calendar of events, it’s also a busy week of Fed speakers. So it’ll be interesting to see how they all react to the bumper payrolls print. The last FOMC meeting minutes on Wednesday will be a bit stale but may give us a better understanding as to how policy might evolve under various scenarios.

As noted above, Friday will mark the start of the Q3 earnings season with several US banks releasing results. Samsung, PepsiCo and BlackRock also report throughout the week. Our equity strategists put out a preview of the upcoming earnings season here. They expect S&P 500 earnings growth to slow from 11.8% in Q2 to 9% in Q3, driven by a narrow group of sectors such as energy and mega cap growth & tech, with growth for the others staying steady in the mid-single digits.

Asian equity markets are strong this morning with the Nikkei up +2.1% and the Topix rising +1.9%. The Kospi (+1.52%), Hang Seng (+1.15%) and S&P/ASX 200 (+0.7%) are also strong. US futures are fairly flat. The Yen had briefly nudged up above 149 earlier this morning, the weakest since early August but has since rallied to be +0.15% higher at 148.44.

Looking ahead in Asia, three central banks are scheduled to announce their interest rate decisions this week: the Bank of Korea (Friday), the Reserve Bank of New Zealand and the Reserve Bank of India (both Wednesday).

Remember also that today is the one-year anniversary of the attacks by Hamas on Israel and with the region of high alert following last week’s attacks on Israel from Iran, we are subject to events and risks this week. Oil has actually started the week a touch lower following on from weakness late on Friday after President Biden publicly tried to persuade Israel from attacking Iran’s oil fields.

Looking back at last week now, risk appetite took a hit thanks to mounting geopolitical risk in the Middle East, even as the macro data turned decisively more positive. That was particularly evident from Friday’s US jobs report, with fears of a recession continuing to decline. Markets had been pricing in 34bps of cuts for the Fed’s November meeting prior to the release, so a 35% likelihood of a 50bp cut, but that fell to just 25bps by the close on Friday and effectively wiping out the pricing of 50. And looking further out the curve, an entire rate cut was taken out of the 2025 profile, with the rate priced in by December 2025 moving up +26bps on Friday alone.

With a recession being priced out, that led to a massive sell-off in US Treasuries, with the 2yr yield up +21.8bps on Friday and +36.4bps over the week as a whole, leaving it at 3.92% by the close on Friday. That made it the biggest weekly gain for the 2yr yield since June 2022, when the Fed was about to accelerate to a 75bps hiking pace. In the meantime, the 10yr yield was up +21.6bps over the week, and +12.1bps on Friday, taking it up to 3.97%, which is its highest level since early August.

That pattern was echoed globally, albeit to a lesser extent. For instance, the 10yr bund yield ended the week up +7.7bps (+6.6bps Friday) at 2.21%, even as investors grew more confident that the ECB would cut rates at their October meeting. That confidence partly came about thanks to continued falls in inflation, and the latest data last week showed Euro Area headline inflation was beneath the ECB’s target in September for the first time in over three years.

Geopolitics was the other major theme last week, as growing tensions in the Middle East led to a significant rise in oil prices. In fact, Brent crude ended the week up +8.43% (+0.55% Friday) at $78.05/bbl, marking its strongest weekly gain since January 2023. The rising geopolitical risk premium coupled with stronger US data saw the US Dollar index rise every day last week to post its strongest weekly gain in over two years (+2.13%).

Lastly, equities saw a mixed performance, with the boost from stronger data narrowly outweighing the geopolitical fears for US stocks. The S&P 500 just about posted a fourth consecutive weekly gain (+0.22%), thanks to a +0.90% increase following payrolls on Friday. In Europe, the sentiment was more negative, with the STOXX 600 down -1.80% (+0.44% Friday), whilst Germany’s DAX fell by a similar -1.81% (+0.55% Friday). However, the Hang Seng surged by another +10.20% last week (+2.82% Friday), building on its +13.00% gain from the previous week to close at its highest level since March 2022.
Day-by-day calendar of events

Monday October 7

Data: US August consumer credit, China September foreign reserves, Japan August leading index, coincident index, Germany August factory orders, Eurozone August retail sales
Central banks: Fed’s Kashkari, Bowman, Bostic and Musalem speak, ECB’s Cipollone, Lane, Nagel and Escriva speak

Tuesday October 8

Data: US September NFIB small business optimism, August trade balance, Japan August labor cash earnings, household spending, BoP current account and trade balance, September Economy Watchers survey, Germany August industrial production, France August current account balance, trade balance, Canada August international merchandise trade, Sweden September CPI
Central banks: Fed’s Kugler, Bostic and Collins speak, ECB’s Nagel speaks
Earnings: Samsung Electronics, PepsiCo
Auctions: US 3-yr Notes ($58bn)

Wednesday October 9

Data: US August wholesale trade sales, Japan September machine tool orders, Germany August trade balance
Central banks: Fed FOMC meeting minutes, Jefferson, Bostic, Logan, Goolsbee, Collins and Daly speak, ECB’s Villeroy and Elderson speak, RBNZ decision
Auctions: US 10-yr Notes ($39bn, reopening)

Thursday October 10

Data: US September CPI, initial jobless claims, UK September RICS house price balance, Japan September PPI, bank lending, Germany August retail sales, Italy August industrial production, Norway and Denmark September CPI, Sweden August GDP indicator
Central banks: Fed’s Barkin and Williams speak, ECB account of the September meeting
Earnings: Domino’s Pizza, Fast Retailing, Seven & I
Auctions: US 30-yr Bonds ($22bn, reopening)

Friday October 11

Data: US September PPI, October University of Michigan survey, UK August monthly GDP, Japan September M2, M3, Germany August current account balance, Canada September jobs report, August building permits
Central banks: Fed’s Goolsbee and Logan speak, BoC’s business outlook
Earning: JPMorgan, Wells Fargo, BlackRock, Bank of New York Mellon

2B) European report

Equities modestly lower, US 10-year yield climbs to highest since August 8th – Newsquawk US Market Open

Monday, Oct 07, 2024 – 05:41 AM

Equities are modestly lower across the board and unable to continue the post-NFP gains seen on Friday.
Dollar is flat and attempting hold onto its recent gains, JPY firmer vs Dollar whilst the GBP narrowly underperforms.
Bonds continue to extend on the post-NFP losses with the US 10yr yield now incrementally above 4%; highest since Aug 8.
Crude is firmer given the geopolitical backdrop, XAU is flat whilst base metals are flat/mixed.
Looking ahead, US Employment Trends & Consumer Credit, Speakers including ECB’s Escriva, Fed’s Kashkari, Bostic & Musalem.

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EUROPEAN TRADE

EQUITIES

European bourses, Stoxx 600 (-0.4%) began the session on a modestly firmer footing, but soon after the cash-open, sentiment soured. Indices are now mostly in negative territory and reside near session lows.
European sectors initially opened with a modest firm bias which turned into a mixed picture within the first 15 minutes of cash trade and then mostly negative within the first half hour of trade, although no theme can be seen. Energy leads whilst Real Estate lags, given the relateively higher yield environment.
US equity futures (ES -0.5%, NQ -0.7%, RTY -0.8%) are entirely in the red, continuing similar price action seen in Europe. US data docket ahead is light, but focus will be on Fed speak from Kashkari, Bostic & Musalem.
Click for the sessions European pre-market equity newsflow
Click for the additional news
Click for a detailed summary

FX

USD is net flat vs. peers following last week’s surge which saw DXY pick up from a 100.17 low to a 102.68 peak post-NFP. The next upside target for DXY comes via the 103 mark; not breached since 16th August. Docket today is light, but Fed’s Kashkari, Bostic & Musalem are due to speak.
EUR is slightly lower vs. the USD in comparison to last week’s hefty losses, slipping from a 1.12 handle to a low of 1.0951 on account of the hawkish repricing at the Fed and endorsement of an October cut at the ECB. EUR/USD currently 1.0963.
Cable is found at the foot of the G10 chart, despite the lack of fresh UK-specific drivers. GBP/USD currently trades towards the bottom end of today’s 1.3072-1.3134 range.
JPY is a touch firmer vs. the USD but gains pale into insignificance compared to the losses seen last week which drove USD/JPY from a 141.64 low to a 149.12 high overnight.
AUD/USD is slightly lower after a bruising end to the week last week which saw the pair dragged lower onto a 0.67 handle. NZD/USD has slipped below Friday’s 0.6145 low to a session trough of 0.6136. Focus for NZD is on this week’s RBNZ rate decision.
Click for a detailed summary
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FIXED INCOME

USTs are extending the downside seen in the wake of last week’s unambiguously hot NFP print which saw the odds of a 25bps rate cut rise from around 65% to current levels of 93%. US data docket today is light, so focus will be on US CPI/PPI later in the week. The US 10yr yield has climbed above 4% for the first time since Aug 8.
Bunds are on the backfoot in an extension of the price action seen late last week. As it stands, market pricing currently has a 25bps cut next week at 98% with another 25bps cut in December fully priced. The German 10yr yield has climbed as high as 2.252%; highest since 4th September.
Gilts are extending their downside with the Dec’24 contract at its lowest level since July. In terms of fresh UK drivers, there hasn’t been a great deal to go off over the weekend and that could remain the case throughout the week with Friday’s GDP print the main highlight. The UK 10yr yield has been as high as 4.189%; highest since July 4th.
Click for a detailed summary

COMMODITIES

Crude is firmer across the board and extending on gains amid the backdrop of heightened geopolitics on the first anniversary of the Israel-Hamas conflict, which has broadened to include Lebanon (with a new “focused and specific” ground operation in Southern Lebanon announced today), whilst an Israeli retaliation on Iran also looms. Brent Dec resides in a USD 77.23-78.85/bbl parameter.
Mixed trade across precious metals with the complex failing to gain on geopolitics this morning, but likely taking a breather after the NFP-induced volatility on Friday. Spot gold resides in a current USD 2,639-2,656.44/oz range
Flat/mixed base metals complex with copper futures rangebound on either side of USD 10k following a similar overnight session despite the mostly positive risk tone in APAC which later faded in Europe. 3M LME copper resides currently in a USD 9,928.00-10,023.00/t parameter.
Saudi Arabia set the November Arab Light Crude Official Selling Price to Asia at a premium of USD 2.20 vs Oman/Dubai and to NW Europe at minus USD 0.45/bbl vs ICE Brent, while it set the OSP to the US at plus USD 3.90/bbl vs ASCI.
Qatar set the November Marine Crude Official Selling Price at a premium of USD 1.00/bbl vs Oman/Dubai and Land Crude OSP at a premium of USD 0.85/bbl vs Oman/Dubai.
Iraq’s Kerala refinery is undergoing extensive maintenance which started on September 25th and is currently non-operational with the maintenance expected to last for around a month, according to a source with direct knowledge cited by Reuters.
Goldman Sachs sees Brent to trade in the USD 70-85/bbl range and forecasts an average price of USD 77/bbl in Q4 2024 and USD 76/bbl for 2025. Goldman Sachs added that assuming a 2mln bpd 6-month disruption to Iranian supply, it estimates that Brent could temporarily rise to a peak of USD 90/bbl if OPEC rapidly offsets the shortfall.
NHC said Milton is strengthening over the Southern Gulf of Mexico, storm surge and and hurricane watches issued for portions of Florida
NHC said tropical storm Milton is about 845 miles west-southwest of Tampa Florida and that the risk of life-threatening impacts is increasing for portions of Florida’s west coast, while NHC said Milton is expected to become a major hurricane in the next day or so.
BP (BP/ LN) abandons 2030 oil and gas output reduction targets, via Reuters citing sources; BP eyes investments in Iraq, Kuwait and Gulf of Mexico to boost oil output in the coming years.
Shell (SHEL LN) Q3 update note: The Chemicals sub-segment adjusted earnings are expected to reflect a marginal loss in Q3 2024.
Click for a detailed summary

NOTABLE DATA RECAP

German Industrial Orders MM (Aug) -5.8% vs. Exp. -2.0% (Prev. 2.9%)
UK Halifax House Prices MM (Sep) 0.3% vs. Exp. 0.4% (Prev. 0.3%)
EU Sentix Index (Oct) -13.8 vs. Exp. -15.9 (Prev. -15.4)
UK BBA Mortgage Rate (Sep) 7.69% (Prev. 7.83%)
EU Retail Sales MM (Aug) 0.2% vs. Exp. 0.2% (Prev. 0.1%); Retail Sales YY (Aug) 0.8% vs. Exp. 1.0% (Prev. -0.1%)

NOTABLE EUROPEAN HEADLINES

UK Chancellor Reeves seeks to reassure investors that guardrails will be placed around extra borrowing for investment and confirmed she was looking to revise her fiscal debt rule to take account of the benefits of investment and not just the costs, according to FT. It was also reported that Chancellor Reeves is to spare private equity bosses from the top 45p tax rate in the upcoming Budget as she looks for a compromise agreement to close tax loopholes that won’t drive investors out of Britain.
UK PM Starmer’s Chief of Staff Sue Gray resigned on Sunday citing concerns about increasing news reports regarding her salary and role risk becoming a distraction to the government, according to AP.
UK ministers were warned that power market reforms pose a danger to the industry and investment with trade groups warning proposals for regional pricing could risk deindustrialisation and higher costs, according to FT.
UK’s job market continued to show more cooling in September as a survey by REC and KPMG showed growth in starting pay for people hired in permanent roles was at the slowest since February 2021.
ECB’s Villeroy said the ECB will quite probably cut rates in October due to the rising risk of inflation undershooting the 2% target, according to a La Repubblica interview.

GEOPOLITICS

MIDDLE EAST – EUROPEAN MORNING

“Israeli media: Raising the state of high alert as more rockets expected from Gaza”, according to Al Jazeera.
Israel opposition leader Lapid calls to attack Iran’s oil facilities, via Walla News’s Elster.
Hamas claims the latest strike on Tel Aviv and Rishon Lezion, via Al Jazeera. These rockets were reportedly fired from Gaza. Five rockets fired at the Tel Aviv area and Iron Dome were detected, some of which were intercepted. Israel media report “A number of people injured as a result”
“Palestinian resistance factions: There is still a lot of strategic consequences for the enemy in the coming days”, according to Al Jazeera.
“IDF announces the start of a focused and specific ground operation in southern Lebanon”, according to Al Arabiya

MIDDLE EAST

Israel conducted a strike on a mosque in Deir Al-Balah in the central Gaza Strip over the weekend which killed at least five people and wounded 20, according to Reuters.
Israel continued its wave of airstrikes on Lebanon in what was the heaviest 24 hours of bombing since it stepped up its campaign against Hezbollah, according to a report on Sunday by FT.
Lebanese media reported rocket barrages fired from Lebanon towards the Galilee and the Haifa area in Israel, according to Asharq News. Furthermore, sources reported a direct hit on a restaurant in Haifa, Israel after rockets were fired by Hezbollah from southern Lebanon and Israel’s ambulance service separately announced 10 were wounded after Hezbollah fired rockets at Haifa, including one in serious condition.
Israel’s military issued new evacuation alerts on Sunday for areas in southern Lebanon, while it separately announced that areas of Manara, Yiftah and Malkia in northern Israel declared a closed military zone, according to Reuters.
Israel’s military announced changes to the Home Front defensive guidelines which apply to several areas including communities near the Gaza Strip in which gatherings of up to 2,000 participants will be permitted and the activity scale will be changed to partial activity in a number of central Galilee communities, while the rest of the country’s guidelines remain unchanged, according to Reuters.
Israeli military spokesperson said their response to Iran’s missile attack will come at the timing that Israel decides is best, while the spokesperson confirmed that two Israeli airbases were hit in Iran’s attack on Tuesday but noted its air force and the bases remain fully operational, according to Reuters.
Israel’s military said Hamas official Muhammad Hussein Ali Al-Mahmoud who served as Hamas’s executive authority in Lebanon and Hamas military wing in Lebanon member Said Alaa Naif Ali were killed by an Israeli air strike and operation on Saturday. It was also reported that a Lebanese security source said Hezbollah leader Hashem Safieddine was ‘unreachable’ since Israeli air strikes on Friday.
Hamas official said Israel is blocking a ceasefire agreement despite Hamas’s flexibility and urged world countries to stop the double-standards policy over Gaza and Lebanon, according to Reuters.
Hezbollah political official Qmati said Hezbollah is now being jointly led internally and picking a new Secretary-General will take some time, while he responded that Israel is not allowing a search to progress when asked about the fate of Hezbollah’s senior official Hashem Safieddine.
Iranian security officials said Quds Force commander Esmail Qaani, who travelled to Lebanon, has not been heard from since Israeli strikes on Beirut last week, according to Reuters.
Iran’s Oil Minister said he was not worried about the crisis amid reports of Israeli threats to strike Iran’s oil facilities, according to Reuters.
Iran’s Mehr news agency cited an official who stated all flights were cancelled in Iran’s airports from Sunday at 21:00 (18:30BST/13:30EDT) to Monday at 06:00 (03:30BST/22:30EDT). However, it was later reported that all flight restrictions were lifted after ensuring favourable and safe conditions.
Syria confronted hostile targets in the central region, according to state TV.
US Defense Secretary Austin spoke with Israel’s Defence Minister Gallant on Sunday to discuss Iran’s destabilising actions in the Middle East and the current situation with Lebanon and Gaza, while they reiterated commitment to deterring Iran and Iranian-backed partners and proxies from taking advantage of the situation, according to the Pentagon.
US Secretary of Defense Austin will host Israeli Defence Minister Gallant at the Pentagon on October 9th to discuss the ongoing Middle East security developments.
US State Department commented regarding the latest Israeli bombing of Lebanon in which it stated that military pressure at times can enable diplomacy but could also lead to miscalculation and that Israel has a right to pursue extremist targets but civilian infrastructure should not be targeted. Furthermore, it stated that the US is continuing discussions with Israel and that the US goal is to reach a ceasefire to provide space for diplomacy, according to Reuters.

OTHER

Ukraine’s air forces said on Sunday morning that Russia launched 87 drones and 3 missiles at Ukraine.
Russia took control of the settlement of Zhelanne Druhe in Ukraine, according to IFX.
Netherlands’s Defence Minister pledged EUR 400mln for a drone action plan with Ukraine.
Chinese hackers reportedly breached US court wiretap systems, according to WSJ.
Philippine President Marcos said the Philippines and South Korea elevated relations to strategic partnership and he exchanged views with South Korea’s President on regional and international issues including the South China Sea and the Korean Peninsula. Furthermore, South Korean President Yoon said South Korea concurred with the Philippines a strategic partnership on the security front and will actively take part in Philippine military modernisation.
China is reportedly likely to launch military drills this week near Taiwan, according to Reuters citing Taiwanese officials, coinciding with Taiwanese President Lai’s speech on October 10th

CRYPTO

Bitcoin gains and climbs above USD 63k, with Ethereum just shy of the USD 2.5k mark.

APAC TRADE

APAC stocks began the week on the front foot following last Friday’s gains on Wall St owing to the blockbuster jobs report, while Japanese stocks led the advances on the back of recent currency weakness.
ASX 200 shrugged off early indecision as strength in tech, financials and miners picked up the slack from weakness in defensives.
Nikkei 225 gapped above the 39,000 level with the rally facilitated by recent JPY weakness, while a Reuters analysis report suggested that a preference by Japan’s new leadership for loose monetary policy raises the hurdle for rate hikes.
Hang Seng climbed at the open ahead of tomorrow’s resumption of trade in the mainland and the NDRC’s news conference to discuss implementing a package of policies to promote economic growth, although the gains were initially capped by weakness in some property stocks and China-EU tariff frictions.

NOTABLE ASIA-PAC HEADLINES

Chinese officials will brief on economic policy implementation with the state planner to conduct a news conference on Tuesday at 10:00 local time (03:00BST/22:00EDT).
Chief China correspondent at the WSJ posted on X “Source in Beijing told me there are lots of ‘misunderstandings in the market’ about what China will do next to support growth. Yes, some fiscal measures “in the pipeline” but nothing as big as some had speculated”.
Japanese Finance Minister Kato said a weak yen has both merits and demerits, while he added that they will need to monitor how excessive forex moves will affect corporate activities and households.
UMC (2303 TW) Sept (TWD) Sales 18.94bln, -0.58% Y/Y.
BoJ Osaka Branch Manager said firms in Kansai region all share the view that FX moves should be moderate; expects more firms to strive towards raising wages next year.
BYD (002594 CH) said new energy vehicle sales volume for September was 419,426 units (prev. 287,454 Y/Y).
Samsung Electronics (005930 KS) CEO says he is not interested in spinning off foundry or system LSI business; adds new chip factory project in Texas is tough due to changing situation.

DATA RECAP

Chinese FX Reserves (USD)(Sep) 3.316tln vs. Exp. 3.304tln (Prev. 3.288tln)
China Gold Reserves (Oz)(Sep) 72.8mln (prev. 72.8mln)

IDF said on Monday that it is targeting Hamas sites and rocket launchers throughout the Gaza Strip and it attacked a Hamas command and control post at the Al-Aqsa Martyrs Hospital. It was also reported that four projectiles were fired from Gaza as Israel began October 7 commemorations, according to AFP. Furthermore, Israeli media reported sirens sounded in Tel Aviv for fear of infiltration of drones and the Israeli military also announced that sirens sounded in Rishon Letsiyon in central Israel.

MIDDLE EAST

“IRGC commander: We are committed to the Supreme Leader’s strategy of not being complacent and not rushing to respond to enemy movements”, according to Al Jazeera

2C ASIAN REPORT.

APAC stocks began on the front foot following last Friday’s gains on Wall Street; eyes remain on geopolitics – Newsquawk Europe Market Open

Monday, Oct 07, 2024 – 01:34 AM

APAC stocks began the week on the front foot following last Friday’s gains on Wall St owing to the blockbuster jobs report.
European equity futures are indicative of a positive cash open with Euro Stoxx 50 futures +0.3% after the cash market closed higher by 0.7% on Friday.
DXY has held onto most of Friday’s post-NFP gains, EUR/USD is on a 1.09 handle, USD/JPY briefly traded above the 149 mark overnight.
Israel continued its wave of airstrikes on Lebanon on Sunday in what was the heaviest 24 hours of bombing since it stepped up its campaign against Hezbollah, FT
Looking ahead, highlights include German Industrial Orders, EZ Sentix Index & Retail Sales, US Employment Trends & Consumer Credit, Speakers including ECB’s Cipollone, Lane & Escriva, Fed’s Kashkari, Bostic & Musalem.

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US TRADE

EQUITIES

US stocks gained on Friday with outperformance in the Russell 2k on the prospects of a strong US economy following the stellar September NFP report and sectors closed predominantly in the green in which Financials, Consumer Discretionary and Communication led the gains, while defensive sectors such as Real Estate, Utilities and Health Care underperformed. All attention was on the September jobs report in which the headline NFP printed at 252k to top all analyst forecasts (consensus 140k, max estimate 220k), while the unemployment rate dipped and wages accelerated. This spurred a bid in stocks and the dollar while Treasuries tumbled with the curve bear flattening as 50bps bets were fully unwound with money markets currently pricing a 99% probability for a 25bps cut for November.
SPX +0.90% at 5,751, NDX +1.22% at 20,035, DJIA +0.81% at 42,353, RUT +1.50% at 2,213.
Click here for a detailed summary.

APAC TRADE

EQUITIES

APAC stocks began the week on the front foot following last Friday’s gains on Wall St owing to the blockbuster jobs report, while Japanese stocks led the advances on the back of recent currency weakness.
ASX 200 shrugged off early indecision as strength in tech, financials and miners picked up the slack from weakness in defensives.
Nikkei 225 gapped above the 39,000 level with the rally facilitated by recent JPY weakness, while a Reuters analysis report suggested that a preference by Japan’s new leadership for loose monetary policy raises the hurdle for rate hikes.
Hang Seng climbed at the open ahead of tomorrow’s resumption of trade in the mainland and the NDRC’s news conference to discuss implementing a package of policies to promote economic growth, although the gains were initially capped by weakness in some property stocks and China-EU tariff frictions.
US equity futures (ES -0.1%) were little changed in the absence of any pertinent macro catalysts from over the weekend.
European equity futures are indicative of a positive cash open with Euro Stoxx 50 futures +0.3% after the cash market closed higher by 0.7% on Friday.

FX

DXY slightly softened but retained most of Friday’s spoils after rallying on the blockbuster jobs data which wiped out the prospects of a 50bps move at the November meeting with money markets pricing a 99% chance of a 25bps cut, while the attention this week for the dollar turns to the FOMC Minutes due on Wednesday followed by the latest US CPI data on Thursday.
EUR/USD languished beneath the 1.1000 handle after giving way to last week’s dollar strength, while there were comments from ECB’s Villeroy that they will quite probably cut rates in October due to a rising risk of inflation undershooting the 2% target.
GBP/USD partially nursed losses following a recent brief dip beneath the 1.3100 handle but with the rebound lacking any strength.
USD/JPY pared some of last week’s firm advances with a pullback seen after failing to sustain a brief foray into the 149.00 territory.
Antipodeans traded sideways after last week’s selling pressure and with little pertinent catalysts to drive price action, while participants now await the RBA Minutes on Tuesday and the RBNZ rate decision on Wednesday with the NZIER Shadow Board evenly split between a 25bps and 50bps cut.

FIXED INCOME

10yr UST futures got some slight reprieve after slumping on Friday owing to the blowout US jobs report.
Bund futures attempted to regain composure following last week’s selling and briefly reclaimed the 134.00 level.
10yr JGB futures tracked the post-NFP declines in global counterparts with demand also not helped by the rally in Japanese stocks.

COMMODITIES

Crude futures took a breather following last week’s 9.1% surge which was the biggest weekly gain in over a year, while the downside was cushioned amid geopolitical tensions and after Saudi raised the OSP to Asia, with support also seen in WTI and Brent around USD 74/bbl and USD 77/bbl, respectively.
Saudi Arabia set the November Arab Light Crude Official Selling Price to Asia at a premium of USD 2.20 vs Oman/Dubai and to NW Europe at minus USD 0.45/bbl vs ICE Brent, while it set the OSP to the US at plus USD 3.90/bbl vs ASCI.
Qatar set the November Marine Crude Official Selling Price at a premium of USD 1.00/bbl vs Oman/Dubai and Land Crude OSP at a premium of USD 0.85/bbl vs Oman/Dubai.
Iraq’s Kerala refinery is undergoing extensive maintenance which started on September 25th and is currently non-operational with the maintenance expected to last for around a month, according to a source with direct knowledge cited by Reuters.
Italy’s ENI (ENI IM) is in talks with Japan on supplying LNG to the country.
Goldman Sachs sees Brent to trade in the USD 70-85/bbl range and forecasts an average price of USD 77/bbl in Q4 2024 and USD 76/bbl for 2025. Goldman Sachs added that assuming a 2mln bpd 6-month disruption to Iranian supply, it estimates that Brent could temporarily rise to a peak of USD 90/bbl if OPEC rapidly offsets the shortfall.
NHC said tropical storm Milton is about 845 miles west-southwest of Tampa Florida and that the risk of life-threatening impacts is increasing for portions of Florida’s west coast, while NHC said Milton is expected to become a major hurricane in the next day or so.
BP (BP/ LN) said it is monitoring Milton to protect its people and operations in the Deepwater Gulf of Mexico but does not expect major impacts to its offshore facilities in the Gulf of Mexico.
Spot gold was contained following quiet weekend macro newsflow and with key releases from the US due from mid-week.
Copper futures were rangebound despite the mostly positive risk tone, as its largest buyer remained absent from the market.
TotalEnergies (TTE FP) is considering a foray into copper trading, according to a top executive.

CRYPTO

Bitcoin strengthened overnight after climbing back above the USD 63,000 level.

NOTABLE ASIA-PAC HEADLINES

Chinese officials will brief on economic policy implementation with the state planner to conduct a news conference on Tuesday at 10:00 local time (03:00BST/22:00EDT).
Chief China correspondent at the WSJ posted on X “Source in Beijing told me there are lots of ‘misunderstandings in the market’ about what China will do next to support growth. Yes, some fiscal measures “in the pipeline” but nothing as big as some had speculated”.
Japanese Finance Minister Kato said a weak yen has both merits and demerits, while he added that they will need to monitor how excessive forex moves will affect corporate activities and households.

DATA RECAP

Chinese FX Reserves (USD)(Sep) 3.316tln vs. Exp. 3.304tln (Prev. 3.288tln)
China Gold Reserves (Oz)(Sep) 72.8mln (prev. 72.8mln)

GEOPOLITICS

MIDDLE EAST

IDF said on Monday that it is targeting Hamas sites and rocket launchers throughout the Gaza Strip and it attacked a Hamas command and control post at the Al-Aqsa Martyrs Hospital. It was also reported that four projectiles were fired from Gaza as Israel began October 7 commemorations, according to AFP. Furthermore, Israeli media reported sirens sounded in Tel Aviv for fear of infiltration of drones and the Israeli military also announced that sirens sounded in Rishon Letsiyon in central Israel.
Israel conducted a strike on a mosque in Deir Al-Balah in the central Gaza Strip over the weekend which killed at least five people and wounded 20, according to Reuters.
Israel continued its wave of airstrikes on Lebanon in what was the heaviest 24 hours of bombing since it stepped up its campaign against Hezbollah, according to a report on Sunday by FT.
Lebanese media reported rocket barrages fired from Lebanon towards the Galilee and the Haifa area in Israel, according to Asharq News. Furthermore, sources reported a direct hit on a restaurant in Haifa, Israel after rockets were fired by Hezbollah from southern Lebanon and Israel’s ambulance service separately announced 10 were wounded after Hezbollah fired rockets at Haifa, including one in serious condition.
Israel’s military issued new evacuation alerts on Sunday for areas in southern Lebanon, while it separately announced that areas of Manara, Yiftah and Malkia in northern Israel declared a closed military zone, according to Reuters.
Israel’s military announced changes to the Home Front defensive guidelines which apply to several areas including communities near the Gaza Strip in which gatherings of up to 2,000 participants will be permitted and the activity scale will be changed to partial activity in a number of central Galilee communities, while the rest of the country’s guidelines remain unchanged, according to Reuters.
Israeli military spokesperson said their response to Iran’s missile attack will come at the timing that Israel decides is best, while the spokesperson confirmed that two Israeli airbases were hit in Iran’s attack on Tuesday but noted its air force and the bases remain fully operational, according to Reuters.
Israel’s military said Hamas official Muhammad Hussein Ali Al-Mahmoud who served as Hamas’s executive authority in Lebanon and Hamas military wing in Lebanon member Said Alaa Naif Ali were killed by an Israeli air strike and operation on Saturday. It was also reported that a Lebanese security source said Hezbollah leader Hashem Safieddine was ‘unreachable’ since Israeli air strikes on Friday.
Hamas official said Israel is blocking a ceasefire agreement despite Hamas’s flexibility and urged world countries to stop the double-standards policy over Gaza and Lebanon, according to Reuters.
Hezbollah political official Qmati said Hezbollah is now being jointly led internally and picking a new Secretary-General will take some time, while he responded that Israel is not allowing a search to progress when asked about the fate of Hezbollah’s senior official Hashem Safieddine.
Iranian security officials said Quds Force commander Esmail Qaani, who travelled to Lebanon, has not been heard from since Israeli strikes on Beirut last week, according to Reuters.
Iran’s Oil Minister said he was not worried about the crisis amid reports of Israeli threats to strike Iran’s oil facilities, according to Reuters.
Iran’s Mehr news agency cited an official who stated all flights were cancelled in Iran’s airports from Sunday at 21:00 (18:30BST/13:30EDT) to Monday at 06:00 (03:30BST/22:30EDT). However, it was later reported that all flight restrictions were lifted after ensuring favourable and safe conditions.
Syria confronted hostile targets in the central region, according to state TV.
US Defense Secretary Austin spoke with Israel’s Defence Minister Gallant on Sunday to discuss Iran’s destabilising actions in the Middle East and the current situation with Lebanon and Gaza, while they reiterated commitment to deterring Iran and Iranian-backed partners and proxies from taking advantage of the situation, according to the Pentagon.
US Secretary of Defense Austin will host Israeli Defence Minister Gallant at the Pentagon on October 9th to discuss the ongoing Middle East security developments.
US State Department commented regarding the latest Israeli bombing of Lebanon in which it stated that military pressure at times can enable diplomacy but could also lead to miscalculation and that Israel has a right to pursue extremist targets but civilian infrastructure should not be targeted. Furthermore, it stated that the US is continuing discussions with Israel and that the US goal is to reach a ceasefire to provide space for diplomacy, according to Reuters.

OTHER

Ukraine’s air forces said on Sunday morning that Russia launched 87 drones and 3 missiles at Ukraine.
Russia took control of the settlement of Zhelanne Druhe in Ukraine, according to IFX.
Netherlands’s Defence Minister pledged EUR 400mln for a drone action plan with Ukraine.
Chinese hackers reportedly breached US court wiretap systems, according to WSJ.
Philippine President Marcos said the Philippines and South Korea elevated relations to strategic partnership and he exchanged views with South Korea’s President on regional and international issues including the South China Sea and the Korean Peninsula. Furthermore, South Korean President Yoon said South Korea concurred with the Philippines a strategic partnership on the security front and will actively take part in Philippine military modernisation.

EU/UK

NOTABLE HEADLINES

UK Chancellor Reeves seeks to reassure investors that guardrails will be placed around extra borrowing for investment and confirmed she was looking to revise her fiscal debt rule to take account of the benefits of investment and not just the costs, according to FT. It was also reported that Chancellor Reeves is to spare private equity bosses from the top 45p tax rate in the upcoming Budget as she looks for a compromise agreement to close tax loopholes that won’t drive investors out of Britain.
UK PM Starmer’s Chief of Staff Sue Gray resigned on Sunday citing concerns about increasing news reports regarding her salary and role risk becoming a distraction to the government, according to AP.
UK ministers were warned that power market reforms pose a danger to the industry and investment with trade groups warning proposals for regional pricing could risk deindustrialisation and higher costs, according to FT.
UK’s job market continued to show more cooling in September as a survey by REC and KPMG showed growth in starting pay for people hired in permanent roles was at the slowest since February 2021.
ECB’s Villeroy said the ECB will quite probably cut rates in October due to the rising risk of inflation undershooting the 2% target, according to a La Repubblica interview.

2 JAPAN

JAPAN/YEN

END

4.EUROPEAN AFFAIRS//UK /SCANDINAVIAN AFFAIRS

ENGLAND

DENMARK

Explosion heard near Israeli embassy in Denmark for second time in week

By JERUSALEM POST STAFFOCTOBER 7, 2024 13:44Updated: OCTOBER 7, 2024 13:45

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fbreaking-news%2Farticle-823530&unitId=2900003088&userId=1938e01a-2e38-4f76-9d42-6dd0304d8a0a&isLegacyBrowser=false&isPartitioningSupport=1&version=20241007_056947ef242c92e9e140c20fe3f96973c512a436&useBunnyCDN=0&themeId=140&unitType=tts-player

An explosion was heard near the Israeli embassy in Denmark for the second time in a week, Israeli state broadcaster KAN reported on Monday.

This is a developing story.

5 RUSSIAN AND MIDDLE EASTERN AFFAIRS

ISRAEL/SYRIA/LEBANON

end

ISRAEL HEZBOLLAH

Israel Targets Likely Hezbollah Successor In New Beirut Attacks

by Tyler Durden

Thursday, Oct 03, 2024 – 07:39 PM

Update(1939ET): Israel is conducting more major airstrikes in Beirut Thursday evening. Israeli officials are now claiming that strikes last night targeted head of Hezbollah’s executive committee Hashim Safi al-Din. He’s been widely reported as the likely successor to take over the Shia paramilitary group after Nasrallah’s killing last week.

“Safi al-Din is the leading figure to succeed Hassan Nasrallah as Hezbollah’s leader. An Israeli official said Safi al-Din was in a bunker deep underground and it isn’t yet clear whether he was killed in the strike,” Axios is reporting.

The strikes that targeted the Safi al-Din have been described as even larger than the ones the killed Nasrallah. Casualty numbers are as yet unconfirmed. On Thursday night, Al Jazeera reports the following:

Our colleagues at Al Jazeera Arabic report that the Israeli military has blown up residential buildings northwest of Nuseirat camp.

Al Jazeera’s Hani Mahmoud reported earlier that the military has been striking the western part of Nuseirat refugee camp on almost an hourly basis.

* * *

At least nine people have been killed in overnight Israeli attacks on Beirut, which involved a series of rare airstrikes directly on the city center, not far from parliament building and the prime minister’s office, as well as a United Nations headquarters. More strikes also rocked the southern suburb of Dayhiheh, which has been frequently hit.

The central Beirut attack targeted a building in the district of Bashoura. The Associated Press and others noticed that residents and emergency aid workers panicked also due to a strange smell filled the air in the central city area in the immediate aftermath of the bombing.

Al Jazeera reports that “Residents reported a sulfur-like smell following the attack, and Lebanon’s state-run National News Agency accused Israel of using phosphorus bombs, without providing evidence.” Israel’s military did not comment on the claims.

Among the dead were seven members of Hezbollah’s civil defense unit, the group confirmed. A prior Wednesday strike had also targeted a residence of Hezbollah member of parliament, Amin Shari. Local reports say he was not there at the time, and survived.

In ongoing fierce fighting in the south, Hezbollah claims to have mounted more attacks against invading Israeli ground forces. This comes following a bad day for the IDF on Wednesday, given it confirmed eight Israeli troop deaths, most of these during a fierce multi-pronged ambush.

Below are the latest claims of battlefield successes by Hezbollah on Thursday:

Hezbollah claimed to have detonated two explosive devices at dawn “when an enemy Israeli infantry force attempted to infiltrate towards the village of Maroun al-Ras” in southern Lebanon.

Fighters attacked Israeli soldiers with an Iranian-made Falaq missile east of the Sasa settlement in northern Israel, and a different group of soldiers with a rocket salvo west of the same settlement, it said.

Another attack came in the Shomera settlement of northern Israel against Israeli troops with a Falaq missile. Hezbollah also claimed two separate rocket salvos against Israeli forces – one in the Betzet settlement and another in the Avivim village in Upper Galilee.

In what regional sources are reporting as a major on-ground development, Hezbollah said detonated a large bomb as IDF troops entered the village of Maroun al-Ras in southern Lebanon, resulting in deaths and casualties.

Military rescue helicopters were later observed arriving in the area to recover and tend to the wounded, unverified reports say.

Hezbollah rocket attacks on Galilee in northern Israel on Thursday:

https://twitter.com/i/status/1841788787904414075

In total Hezbollah has said it has launched six different attacks on Israeli ground forces in the south by mid-afternoon. The Israeli military has meanwhile said its forces have killed some 60 Hezbollah operatives over the past day, with aerial forces also having struck over 200 targets.

At least two Lebanese national army soldiers have been reported killed at this point. News wires are also reporting that “For the first time since the war began, the Lebanese army responded to Israeli fire after a soldier was killed in an Israeli strike on an army center in Bint Jbeil, southern Lebanon.”

As of Thursday afternoon, the IDF has ordered an additional 25 villages and towns in southern Lebanon to be evacuated, as the fighting expands. Israel is looking to push Hezbollah forces dozens of miles north into Lebanon, in order to create a permanent buffer zone.

ISRAEL/HEZBOLLAH

Safieddine presumed killed in that strike Thursday night that we outlined to you. He was killed along side other Hezbollah leaders as the meeting was set to elect Safieddine, the new Sec.General for Hezbollah.

(JerusalemPost)

Hashem Safieddine presumed killed in Israeli strike in Beirut – report

Israel allegedly tried to eliminate Safieddine in the Dahieh suburb in Beirut, Israeli media reported overnight between Friday and Saturday.

By MAYA GUR ARIEHOCTOBER 5, 2024 09:00Updated: OCTOBER 5, 2024 14:22

Hezbollah official Hashem Safieddine, during June 2024 (photo credit: REUTERS) — Hezbollah official Hashem Safieddine, during June 2024(photo credit: REUTERS)

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fbreaking-news%2Farticle-823240&unitId=2900003088&userId=fc1f54a9-182e-48c4-af1c-0ddd1497d1d7&isLegacyBrowser=false&isPartitioningSupport=1&version=20241002_d6a908b5f4ecf1eb4ffca140ba177a8857255231&useBunnyCDN=0&themeId=140&unitType=tts-player

The chances that Hashem Safieddine, the presumed successor of former Hezbollah secretary-general Hassan Nasrallah, was killed along with those with him in an Israeli strike in southern Beirut on Friday are increasing, an unnamed official told Sky News Arabia.

A Lebanese security source told Sky News Arabia that the chances of anyone surviving the targeted strike were “almost zero.”

The Saudi news organization Al Hadath had previously reported that Safieddine was dead on Saturday morning.

The Saudi outlet claimed that Israel had confirmed the elimination, but The Jerusalem Post has not yet been able to verify the Saudi report.

A Lebanese security source told Reuters that Safieddine was “unreachable” since Israel struck the area on Friday. Additionally, according to three security officials, repeated Israeli strikes have blocked rescuers from searching the site where Safieddine was believed to be.

Israeli media estimated that Safieddine was wounded in the attack, but there is still no official information regarding his fate.

The assessment, similarly to Nasrallah’s case, is that anyone in the underground complex would not make it out alive, including senior Hezbollah officials that were present in the complex, Kan reported.

A view of damage caused by previous Israeli airstrikes, as smoke rises over Beirut's southern suburbs, amid ongoing hostilities between Hezbollah and Israeli forces, at Choueifat district, in Beirut, Lebanon, October 3, 2024. (credit: REUTERS/Louisa Gouliamaki) — A view of damage caused by previous Israeli airstrikes, as smoke rises over Beirut’s southern suburbs, amid ongoing hostilities between Hezbollah and Israeli forces, at Choueifat district, in Beirut, Lebanon, October 3, 2024. (credit: REUTERS/Louisa Gouliamaki)

Israel allegedly tried to eliminate Safieddine in the Dahieh suburb in Beirut, Israeli media reported overnight between Friday and Saturday, citing Lebanese reports.

Later, three Israeli officials told the New York Times on Saturday morning that the strikes targeted a meeting of senior Hezbollah officials, including Safieddine.

This is a developing story.

END

ISRAEL/HEZBOLLAH/SUMMARY OF EVENTS FROM THE START OF INVASION

IDF pummels Hezbollah, says 440 terror operatives killed since start of ground op

Army strikes Hezbollah command room embedded in mosque within hospital compound as troops continue raids in south Lebanon; 3 lightly injured by Hezbollah rocket

By Emanuel Fabian, Follow
ToI Staff and AgenciesToday, 5:55 pm

Smoke rises from the site of an Israeli airstrike that targeted Beirut’s southern suburbs, on October 5, 2024. (Anwar Amro/AFP)

The Israel Defense Forces continued its campaign to degrade Hezbollah in Lebanon on Saturday as it targeted command centers, weapons caches, tunnels and more, and as the military said it believed it had killed at least 440 Hezbollah operatives since the start of ground operations on Monday.

The army said on Saturday said it had struck Hezbollah operatives overnight in a command center embedded in a mosque in southern Lebanon’s Bint Jbeil, located within the Martyr Salah Ghandour Hospital compound.

According to the military, the operatives were using the command room “to plan and carry out acts of terror against IDF troops and the State of Israel.”

The IDF said the drone strike was “precise” and based on intelligence.

Before carrying out the strike, the IDF said it sent text messages to residents and called up officials in the nearby villages “demanding that all acts of terror carried out at the hospital cease immediately.”

Meanwhile, three people were lightly injured as a result of a Hezbollah rocket impact in the northern Arab village of Deir al-Asad, police and medics said. They were taken to Galilee Medical Center in Nahariya.

The Magen David Adom emergency service said it had treated 10 people for acute anxiety after the rocket hit Deir al-Asad.

A graphic showing a mosque in southern Lebanon’s Bint Jbeil, within the Martyr Salah Ghandour Hospital compound, issued on October 5, 2024. (Israel Defense Forces)

Police said officers operated at several scenes of rocket impacts in Karmiel and Deir al-Asad.

Earlier, two rockets were launched from Lebanon at the Haifa Bay area.

The IDF said one of the rockets was intercepted, while the second struck an open area. There were no reports of injuries or major damage in the attack.

Around noon, the IDF said it had shot down a suspected drone launched from Lebanon over the northern community of Adamit. Sirens had sounded in the area amid the incident.

A barrage of five rockets was also launched in the morning from Lebanon at northern Israel, setting off sirens in many towns in the Jezreel Valley and Wadi Ara area, including Nazareth.

The IDF said some of the rockets were intercepted by air defenses while the rest impacted open areas. There were no reports of injuries.

Smoke rises from a fire that broke out from missiles fired from Lebanon as it is seen from the hot spring at Bental water reservoir near Kibbutz Merom Golan, in the Golan Heights, October 5, 2024. (Michael Giladi/Flash90)

Army hits Hezbollah caches, seals tunnel

Troops of the IDF’s Commando Brigade and elite Yahalom Unit demolished several Hezbollah tunnel shafts that were used by operatives to get close to the Israeli border in southern Lebanon, the military said.

In an evening press conference, IDF Spokesman Rear Adm. Daniel Hagari showed a video of a 250-meter-long Hezbollah tunnel that had been discovered by troops around some 300 meters from Israel’s border.

“These compounds were to be used by Hezbollah terrorists in a [potential] attack on the Galilee communities… yesterday we destroyed this tunnel,” he says.

https://customer-b1ezbl4fz7l5vj5n.cloudflarestream.com/bbb2e1581b42ef15d8adb61dccbf8312/iframe

The soldiers also located and demolished underground caches of weapons, observation posts, and rocket launching sites in villages in southern Lebanon.

Dozens of Hezbollah operatives were killed in airstrikes directed by the commandos, the military added.

Separately, the IDF released footage of Hezbollah weapons captured by troops from the Golani Brigade in southern Lebanon. The brigade, operating under the 36th Division, has been working to clear southern Lebanese villages of Hezbollah infrastructure and weapons.

The IDF said troops located caches of weapons and tunnel shafts and killed several Hezbollah gunmen during the operations.

Some of the weapon caches, which were later destroyed, were located inside civilian homes, according to the military.

Hezbollah weapons found by the Golani Brigade during operations in southern Lebanon, in a handout photo published October 5, 2024. (Israel Defense Forces)

Hezbollah said Saturday that it was engaged in ongoing clashes with Israeli troops in the border area after earlier claiming it had forced Israeli soldiers to retreat there.

“Israeli enemy soldiers renewed an attempt to advance towards the vicinity of the municipality in the village of Odaisseh” and Hezbollah fighters confronted the attempt “and clashes are continuing,” the terror group said in a statement.

The group also said it had targeted troops in the Yaroun area and in two points across the border with rockets.

There were no reports of Israeli injuries.

Over 400 Hezbollah gunmen killed

The IDF assessed Saturday that it had killed more than 440 Hezbollah operatives during ground operations in southern Lebanon, which began on Monday.

The operatives, including some 30 field commanders, were killed both in airstrikes and in fighting with IDF troops, according to the military.

The field commanders include officers in charge of various regional units and villages in southern Lebanon, the IDF said.

“We are pushing Hezbollah north. Some of the terrorists fled, and some are being defeated by our troops in close-quarters battles,” Hagari said in his Saturday night press conference.

The Israeli ground operations in southern Lebanon have been described by the IDF as “limited, localized, and targeted raids,” with the goal of demolishing Hezbollah’s infrastructure in the border area, especially in the villages adjacent to Israel, to enable residents of the north to return home.

The raids are focusing on Hezbollah’s “centers of gravity” in southern Lebanon villages, where troops have so far found massive amounts of weapons. Israel says Hezbollah was planning a large-scale October 7-style attack on northern communities to massacre and kidnap Israeli civilians.

The IDF has said the operations in southern Lebanon will expand as needed, but that it still intends for the operations to end as quickly as possible — within a few weeks.

Amid the raids on Hezbollah’s smuggling routes, an Iranian aircraft suspected of ferrying weapons to the Iran-backed terror group made a U-turn in midair after IDF warnings.

Troops of the Golani Brigade are seen in southern Lebanon, in a handout photo published October 5, 2024. (Israel Defense Forces)

Data from flight tracking websites showed that the Qeshm Fars Air flight from Tehran, heading for Lebanon or Syria, went back on its tracks over Iraqi airspace on Saturday. The flight was allegedly carrying weapons for Hezbollah.

The IDF has said that its “military blockade” on weapons transfers to Lebanon will likely continue for a long time. As part of the blockade, aimed at preventing Iranian arms from being delivered to Hezbollah, the IDF has struck all of the “military” crossings between Lebanon and Syria — including a major tunnel — and also hit a civilian crossing after accusing Hezbollah of using it to smuggle arms.

The IDF has also warned it would foil any attempts by Iran to transfer weapons to Hezbollah via Beirut’s civilian airport.

Separately, the IDF has allegedly struck several warehouses in Syria in recent days that were believed by the military to have been used to store Iranian weapons intended for Hezbollah.

Meanwhile, the potential successor to slain Hezbollah leader Hassan Nasrallah has been out of contact since Friday, a Lebanese security source said on Saturday, after an Israeli airstrike that is reported to have targeted him.

In its campaign against the Iran-backed Lebanese terror group, Israel carried out a large strike on Beirut’s southern suburbs late on Thursday, which, according to Israeli officials cited by Axios, targeted Hashem Safieddine in an underground bunker.

Channel 12 reported Friday night that security officials were increasingly confident he had been killed. The IDF said on Friday it was still assessing the Thursday night airstrikes, which it said targeted Hezbollah’s intelligence headquarters.

Senior Hezbollah official Hashem Safieddine (C) attends the funeral ceremony of slain top commander Fuad Shukr in Beirut’s southern suburbs on August 1, 2024. (Khaled Desouki/AFP)

Israel killed Nasrallah on September 28 amid a series of strikes that decimated the terror group’s top command.

The IDF and Shin Bet security agency also said in a joint statement Saturday that two senior Hamas commanders were killed in Israeli airstrikes in Lebanon.

The first strike, which took place overnight in the Beddawi Palestinian camp near the northern Lebanese city of Tripoli targeted and killed Saeed Atallah Ali. According to the IDF and Shin Bet, Ali advanced terror attacks against Israel and worked to recruit more members to Hamas in Lebanon.

Hamas confirmed Ali’s death, calling him a field commander.

The second strike, which took place near the Beqaa Valley town of Saadnayel, targeted and killed Mohammed Hussein al-Lawis. The IDF and Shin Bet described al-Lawis as Hamas’s “executive authority in Lebanon” and said he directed terror attacks in the West Bank.

Smoke rises following Israeli strikes on Hezbollah targets in southern Lebanon as seen from northern Israel, Oct. 5, 2024. (AP Photo/Leo Correa)

The statement added that al-Lawis was also responsible for “Hamas’s entrenchment inside Lebanon, using it to supply weapons for rocket attacks against Israel and in attempts to manufacture advanced weaponry.”

Hamas also confirmed al-Lawis’s death in a statement.

END

ISRAEL IRAN

(JERUSALEM POST)

IDF prepares ‘significant’ retaliatory strike to Iran’s missile barrage

There is a broad recommendation within the IDF to respond to the Iranian attack while minimizing risks and maximizing opportunities.

By AMIR BOHBOTOCTOBER 5, 2024 15:35

The remains of a ballistic missile fired from Iran which landed in Israel, October 1, 2024 (photo credit: VIA MAARIV ONLINE) — The remains of a ballistic missile fired from Iran which landed in Israel, October 1, 2024(photo credit: VIA MAARIV ONLINE)

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fmiddle-east%2Farticle-823263&unitId=2900003088&userId=fc1f54a9-182e-48c4-af1c-0ddd1497d1d7&isLegacyBrowser=false&isPartitioningSupport=1&version=20241004_a437e8eede5de7b0b5176a43645e1d732ddf433e&useBunnyCDN=0&themeId=140&unitType=tts-player

The IDF on Saturday commented regarding the retaliation against Iran for launching ballistic missiles toward Israel, clarifying that combat is currently ongoing on seven different fronts. Alongside the continued fighting in Gaza and the West Bank, Israeli soldiers and forces are engaged in operations in Lebanon, Iran, and its proxies in Yemen, Syria, and Iraq.

The struggle with Iran is viewed as a direct conflict, and it is expected that the Iranians will be preoccupied with their own affairs rather than just with their proxies in Lebanon, Syria, Gaza, Yemen, and Iraq.

The IDF plans to respond significantly but has not detailed the nature of that response. The IDF noted that the Iranians launched 201 missiles from Iran to Israel, some of which impacted targets.

Consequently, there is a broad recommendation within the IDF to respond to the Iranian attack while minimizing risks and maximizing opportunities.

The IDF has threatened to strike in Syria against weapons that originated from Iran and are intended for Hezbollah’s use. The military emphasized its determination to thwart arms smuggling.

Reports indicate that in Yemen, a port used by the Houthis to receive oil supplies from the sea was attacked, along with two power stations and further damage to the port itself, preparing for future engagements.

In related developments, the IDF asserts that its defense systems have proven effective during this week’s missile attacks.

Developing operations in Lebanon

The IDF is conducting targeted raids to dismantle infrastructure established by Hezbollah, including the targeting and removal of Hezbollah operatives to ensure the safe return of northern residents to their homes.

A large amount of weaponry has been located, particularly focusing on Kornet missiles. According to IDF estimates, 400 Hezbollah operatives have been killed since the beginning of the operation. Commanders of various brigades, including those in key regions such as Har Dov, Marwahin, and Markaba, have been among the casualties.

In Beirut, significant damage has been inflicted on command centers, warehouses, and areas within the Shiite-dominated southern suburb of Dahieh, which has been almost completely evacuated of civilians. This includes damage to command and control systems in Beirut and surrounding areas.

In the IDF’s operations division, decisions are being made about what will land in Lebanon and what will not. Military and civilian crossings for transferring weapons from Syria to Lebanon have been targeted, with ongoing drone surveillance over these crossings 24/7. In the last day, Iranian aircraft have been observed flying without entering Lebanese airspace.

What’s happening in Gaza, the Philadelphi corridor?

Most of the tunnels along the Philadelphi corridor have been discovered and destroyed. Fighting continues in Rafah and along the Philadelphi corridor.

Regarding Lebanon, the IDF has made it clear that it does not intend to see Hezbollah on the Lebanese border in the aftermath of the conflict.

From the IDF’s perspective, there is potential for broader change in Lebanon, but there remains an ongoing, extensive combat process aimed at achieving war objectives. Current assessments indicate that the conditions now present the potential for a change in the security landscape, not only in southern Lebanon but throughout the country.

The West Bank

There have been significant counterterrorism efforts in the West Bank, including one in Tulkarm that involved the use of IAF fighter jets. A major plot to carry out large-scale attacks has been thwarted, and the area has been reinforced with reserve battalions.

In the Southern Command, preparations are underway to expand operations. There is a buildup for offensive efforts moving forward, which are making significant progress.

International Collaborations

The IDF anticipates cooperation from its allies, including the US and others interested in defending against Iranian aggression.

The IDF notes that the Western world understands that Israel is determined to eliminate threats in Lebanon and Gaza and that Iranian attacks cannot be tolerated.

END

IRAN/ISRAEL/SATURDAY

this may be big: Quds force commander fir Iran’s Revolutionary Guard is probably dead. He was in the same room as Safieddine that was struck by Israel Thursday night (Friday morning)

(JurusalemPost)

Quds Force commander Esmail Qaani may have been wounded in Beirut bombing – report

By JERUSALEM POST STAFFOCTOBER 5, 2024 13:17Updated: OCTOBER 5, 2024 13:1

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The possibility that Esmail Qaani, the commander of the Quds Force in the Islamic Revolutionary Guard Corps, was wounded in an Israeli bombing in Beirut is being investigated, N12 reported on Saturday.

Qaani oversees Iran’s terrorist and proxy affiliates in the region, N12 reported, noting that he may have been hit in an air force strike in southern Beirut, in the same attack that targeted Hashem Safieddine, Nasrallah’s presumed successor.

Qaani succeeded Qasem Soleimani after the latter was assassinated by the United States in 2020.

This is a developing story.

END

no doubt about it: Qaani is dead. He was in Beirut for the voting of Safieddine!

(jerusalemPost_)

Esmail Qaani missing: Did Israel kill Soleimani’s successor in Beirut?

Qaani may have been wounded in the strike that targeted Hassan Nasrallah’s presumed successor, according to N12.

By JERUSALEM POST STAFFOCTOBER 6, 2024 10:38Updated: OCTOBER 6, 2024 11:33

Illustrative image of Islamic Revolutionary Guard Corps (IRGC) Quds Force Brigadier-General Esmail Qaani in front of an image of explosions in Dahiyeh, Beirut. (photo credit: MAJID ASGARIPOUR/WANA (WEST ASIA NEWS AGENCY) VIA REUTERS, SCREENSHOT/X) — Illustrative image of Islamic Revolutionary Guard Corps (IRGC) Quds Force Brigadier-General Esmail Qaani in front of an image of explosions in Dahiyeh, Beirut.(photo credit: MAJID ASGARIPOUR/WANA (WEST ASIA NEWS AGENCY) VIA REUTERS, SCREENSHOT/X)

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Commander of the Islamic Revolutionary Guard Corps (IRGC) Quds Force Brigadier-General Esmail Qaani’s whereabouts are not currently known, according to a New York Times report, citing Iranian media.

According to the Israeli N12 on Saturday, the Iranian brigadier-general may have been wounded in the Israeli strike that targeted Hezbollah chief Hassan Nasrallah‘s presumed successor, Hashem Safieddine, in southern Beirut.

The NYT report cited local media as saying that officials in Iran had no clear answers yet regarding what may have occurred to the Quds Force chief.

Two days after Israel eliminated Nasrallah, Qaani was seen in Hezbollah‘s Tehran offices. However, he was not present at the Friday commemoration of Hezbollah’s chief led by Ayatollah Ali Khamenei.

Qaani in Beirut

However, according to the NYT report, citing three Iranian sources, Qaani had traveled to Beirut to convene with Hezbollah officials amid the Israeli strikes on the terror organization.

Picture of an alleged Israeli strike in Kola, Beirut, 30 September 2024 (credit: SCREENSHOT/X)

An IRGC member said, according to the NYT report, that Iranian officials’ muteness on the subject was spreading panic among the IRGC members.

Later on Sunday, Army Radio reported, citing local Iranian reports, that Qaani would conduct an interview later in the day.

Qaani succeeded Qasem Soleimani after the latter was assassinated by the United States in 2020.

ISRAEL/HEZBOLLAH

Israel assassinates two Hamas terrorists in Lebanon as Hezbollah rockets damage homes in North

The Israel Air Force struck Hezbollah terrorists operating within a command center that was located inside a mosque.

By MAYA GUR ARIEH, DARCIE GRUNBLATTOCTOBER 5, 2024 08:20Updated: OCTOBER 5, 2024 15:44

https://player.jpost.com/public/player.html?player=jpost&media=3780618&url=https://www.jpost.com/breaking-news/article-823236The IDF’s Commando Brigade operates in southern Lebanon. October 5, 2024. (Credit: IDF Spokesperson’s Unit)

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Israeli Air Force fighter jets on Saturday morning killed Muhammad Hussein Ali al-Mahmoud, who served as the operational arm of the Hamas terrorist organization in Lebanon, the IDF announced later in the day.

He was mainly responsible for directing terrorist activities in the West Bank. However, Muhammad has also been involved in Hamas’s efforts to establish a foothold in Lebanon, which included supplying weapons for rocket fire toward Israel. He has been involved in trying to manufacture advanced weaponry as well.

In another joint operation by the IDF and Shin Bet earlier Saturday morning, in the Tripoli area of Lebanon, the terrorist Said Alaa Naif Ali, from Hamas’s military wing in Lebanon, was killed. He led attacks against Israelis and worked to recruit operatives for Hamas in Lebanon.

Rocket barrage towards Karmiel, northern Israel

On Saturday afternoon, following red alert sirens activated in Haifa and the surrounding areas, MDA teams were reported to be en route to the sites of reported rocket and shrapnel strikes. Approximately 20 rockets were intercepted in a barrage towards Karmiel, Kan reported. There were reports of damage in Karmiel and Deir al-Assad, though no casualties were reported.

MDA said that teams searched the areas of Karmiel and Deir al-Assad for reported rocket crashes. In a video published to N12, the inside of a building can be seen with a gaping hole in the roof, where a rocket crashed through.

Soldiers from the Commando Brigade operate in southern Lebanon, October 5, 2024. (credit: IDF SPOKESPERSON'S UNIT) — Soldiers from the Commando Brigade operate in southern Lebanon, October 5, 2024. (credit: IDF SPOKESPERSON’S UNIT)

No injuries were reported as a result of rockets or shrapnel, though teams treated ten people for anxiety.

The IDF stated that two projectiles were identified crossing from Lebanon into Israel, activating sirens in the areas of Haifa Bay, Carmel, and Ha’Amakim. One projectile was intercepted by the IAF, and the second fell in an open area.

Earlier Saturday morning, Hezbollah shot approximately five rockets into Israeli territory, the IDF reported.

The IDF Aerial Defense Array intercepted some of the rockets, while the rest fell in open areas, the military added. As a result, rocket sirens sounded in the area of Ha’Amakim in northern Israel.

Following these alerts, Israel’s emergency medical service, Magen David Adom, announced that MDA teams were on the way to sites of reported rocket and shrapnel crashes.

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Walla later reported that the attack was estimated to have targeted the air force base in Ramat David. No casualties were reported.

IAF conducted additional strikes in southern Lebanon

The military said on Saturday morning that the Israel Air Force (IAF) struck Hezbollah terrorists operating within a command center that was located inside a mosque adjacent to the Salah Ghandour Hospital in southern Lebanon.

An IDF infographic showing a targeted Hezbollah command center embedded inside a mosque next to the Salah Ghandour Hospital. October 5, 2024. (credit: IDF SPOKESPERSON'S UNIT) — An IDF infographic showing a targeted Hezbollah command center embedded inside a mosque next to the Salah Ghandour Hospital. October 5, 2024. (credit: IDF SPOKESPERSON’S UNIT)

Hezbollah terrorists used the command center to plan and execute terrorist attacks against soldiers and Israeli citizens, the IDF added.

The IDF reportedly sent notices to residents and held discussions with key figures in the villages before the strike.

Hezbollah utilizes hospitals in defiance of laws of armed conflict, the IDF said, noting that any military activity carried out from hospitals should be halted immediately.

“Since the beginning of the war, and even more so since the beginning of the limited ground activity in southern Lebanon, the IDF has been making great efforts to prevent harming uninvolved civilians and civilian infrastructure,” the IDF stated.

The military highlighted that these efforts stood in contrast to Hezbollah’s use of civilian structures, including critical infrastructure, to shield its military activities.

Commando soldiers operate in ground op.

Along with IAF strikes, soldiers from the Commando Brigade destroyed munitions warehouses and Hezbollah tunnel shafts in southern Lebanon as part of the IDF’s ground operation, the military reported on Saturday.

Soldiers operated within villages in southern Lebanon, including large swathes of villages converted to terrorist infrastructure and used by Hezbollah for terror purposes. Soldiers, guided by IDF intelligence, raided Hezbollah infrastructure both above and underground in mountainous and thicketed areas.

IDF soldiers found and destroyed weapons stockpiles, observation posts, missiles, and launching positions that were aimed toward Israeli territory, the military said.

Troops also located and destroyed tunnel shafts used by Hezbollah terrorists to approach the border with Israel. Commando soldiers worked in coordination with the IAF, including the use of drones and advanced weaponry, to eliminate dozens of terrorists.

Golani Brigade raids weapons storage facilities

Soldiers from the Golani Brigade, under the command of the 36th Division, located weapons storage facilities and operational tunnel shafts, eliminated terrorists, and conducted raids to dismantle further terrorist infrastructure in southern Lebanon, the military said on Saturday.

https://player.jpost.com/public/player.html?player=jpost&media=3780623&url=www.jpost.comIDF footage of the activity of the Golani Brigade in southern Lebanon. October 5, 2024. (Credit: IDF Spokesperson’s Unit)

In one raid, soldiers located and dismantled a weapons storage facility embedded inside civilian homes. In the storage facility, soldiers found weapons, observation equipment, launchers, and intelligence documents belonging to Hezbollah.

In a briefing to soldiers, the Commanding Officer of the Golani Brigade said, “You are carrying out significant and important offensive operations for the benefit of the residents of the north. This is why we are here. Continue to operate professionally and precisely – I am proud of you.”

This is a developing story.

END

ISRAEL/HAMAS SATURDAY

IDF calls on parts of central Gaza to evacuate ahead of fresh incursion

Military preparing for expected Hamas attacks on anniversary of October 7; says it struck former school used as Hamas command post

By Emanuel Fabian Follow
and APToday, 8:29 pm

Displaced families who fled northern Gaza arrive in Nuseirat in the central Gaza Strip on October 5, 2024. (BASHAR TALEB / AFP)

The Israel Defense Forces on Saturday called on Palestinian civilians in parts of the central Gaza Strip to evacuate to the Israeli-designated humanitarian zone ahead of plans for an expanded ground operation in the area, the first one in Gaza in several weeks.

Col. Avichay Adraee, the IDF’s Arabic-language spokesman, published a map of the zones that need to evacuate in the areas of Nuseirat and Bureij, saying that Hamas and other terror groups “are continuing their terror activities within your area, and accordingly the IDF will act with great force against these elements.”

The evacuated zones are located just south of the military’s so-called Netzarim Corridor south of Gaza City, where it maintains a semi-permanent presence.

The latest military action comes as the IDF prepares for the likelihood of Hamas efforts to launch attacks on the anniversary of the terror group’s deadly October 7 onslaught in southern Israel that sparked the war.

There have been numerous attempts by Hamas to attack troops in the Netzarim Corridor. The IDF also said overnight it struck Hamas terror operatives in a command center located in a former school in central Gaza. a large crowd of Palestinians attempted to return to north Gaza through the area but were pushed back by the IDF.

In other developments, the IDF said it struck Hamas terror operatives overnight in a command center located in a former school in central Gaza.

https://twitter.com/AvichayAdraee/status/1842472123413000417

The army said it took various steps to minimize harm to civilians before the strike.

Officials in the Hamas-run enclave said Israeli strikes in northern and central Gaza early Saturday killed at least nine people, including two children.

One strike hit a group of people in the northern town of Beit Hanoun, killing at least five people, including two children, according to the Hamas-run health ministry.

Another strike hit a house in the northern part of the Nuseirat camp, killing at least four people, the Awda Hospital said. The strike also left a number of people wounded, it said.

The Israeli military did not have any immediate comment on the strikes.

Palestinians run to take cover during an Israeli airstrike, in the Nuseirat camp in the central Gaza Strip, on October 5, 2024. (Ali Hassan/Flash90)

The Hamas-run Gaza health ministry says more than 41,000 people in the Strip have been killed or are presumed dead in the fighting there so far, though the toll cannot be verified and does not differentiate between civilians and fighters. Israel says it has killed some 17,000 combatants in battle and another 1,000 terrorists inside Israel on October 7.

Israel has said it seeks to minimize civilian fatalities and stresses that Hamas uses Gaza’s civilians as human shields, fighting from civilian areas including homes, hospitals, schools, and mosques.

Israel’s toll in the ground offensive against Hamas in Gaza and in military operations along the border with the Strip stands at 348.

END

ISRAEL/IRAN/USA/TRUMP

Hit the nuclear first and worry about the rest later’: Trump urges Israel to strike Iran

Trump’s comments came in response to US President Joe Biden’s earlier statements cautioning Israel against striking Iranian nuclear facilities.

By JERUSALEM POST STAFFOCTOBER 5, 2024 10:47Updated: OCTOBER 5, 2024 11:15

Republican presidential nominee and former US President Donald Trump speaks at a town hall as he campaigns in Fayetteville, North Carolina, US. October 4, 2024. (photo credit: REUTERS/Jonathan Drake) — Republican presidential nominee and former US President Donald Trump speaks at a town hall as he campaigns in Fayetteville, North Carolina, US. October 4, 2024.(photo credit: REUTERS/Jonathan Drake)

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Former president Donald Trump stated that Israel should target Iran’s nuclear facilities while speaking at a campaign event in Fayetteville, North Carolina, on Friday.

Trump’s comments came in response to US President Joe Biden’s earlier statements cautioning Israel against striking Iranian nuclear facilities.

https://www.c-span.org/video/standalone/?538810-1/donald-trump-campaigns-fayetteville-north-carolina

“I think [Biden] got that wrong. Isn’t that what you’re supposed to hit?” Trump asked.

“The answer should have been to hit the nuclear first and worry about the rest later,” the former president said.

Bidens earlier comments

Earlier, when asked if he supported an Israeli strike on Iran’s nuclear facilities, Biden, while speaking to reporters, said “No.”

Biden said that his administration was in contact with the Israelis regarding the response and that he would soon speak to Prime Minister Benjamin Netanyahu.

Republican presidential nominee and former US President Donald Trump points to a supporter at the end of a town hall as he campaigns in Fayetteville, North Carolina, US. October 4, 2024. (credit: REUTERS/Jonathan Drake)

On Wednesday, Biden joined a conversation with G7 countries — the US, Canada, France, Germany, Italy, Japan, and the United Kingdom — on the Israeli-Iranian crisis as attacks threatened to spark a larger regional conflict.

“They discussed Iran’s unacceptable attack against Israel” and the need for a coordinated response, including additional sanctions on Iran, White House Press Secretary Karine Jean-Pierre told reporters aboard Air Force One.

“Biden expressed the United States’s full solidarity and support to Israel and its people and reaffirmed the United States’s commitment to Israel’s security,” she said.

The United States has warned Iran it will face consequences for that attack but has remained focused on diplomacy.

Meanwhile, Israel has doubled down on military resolutions to ensure the security of its situation.

END

ISRAEL/HEZBOLLAH/SUNDAY

IDF strikes 150 Hezbollah targets in 24 hours; rocket attack wounds man in north

Troops find weapons in almost every home in some villages, officers say; military imposes third closed zone on border; UN refugee chief warns of migration crisis from airstrikes

By Emanuel Fabian, Follow
Lazar Berman Follow
and Agencies6 October 2024, 11:49 pm

IDF troops are seen operating in southern Lebanon, in a handout photo published October 6, 2024. (Israel Defense Forces)

The Israel Defense Forces said Sunday afternoon it had struck more than 150 Hezbollah targets over the preceding 24 hours, during its ongoing ground operations in southern Lebanon, as it issued a further evacuation order for civilians near several buildings in the Hezbollah stronghold of Dahiyeh, a southern suburb of Lebanon.

Troops with the IDF’s 98th and 36th divisions have been locating and destroying weapon depots, tunnel shafts, and other Hezbollah infrastructures in villages in southern Lebanon, the military said.

The soldiers have also been exchanging fire with Hezbollah operations in the area, and directing airstrikes on gunmen and sites used by the terror group.

The targets hit by the Israeli Air Force included anti-tank missile launch positions, cells of operatives, tunnels, and weapon depots, the IDF added.

While operating in southern Lebanon, troops are continuing to find massive amounts of weaponry left behind by Hezbollah operatives, according to the military.

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Officers involved in the fighting in some of the villages in southern Lebanon said that Hezbollah placed weapons in nearly every single home.

Troops of the 188th Armored Brigade operate in southern Lebanon, in a handout photo issued on October 6, 2024. (Israel Defense Forces)

The IDF said that the 188th Armored Brigade, operating under the 36th Division, located several weapon caches and tunnels during their operations in recent days.

The troops also located and demolished a Hezbollah command center that the IDF said was used by the terror group to plan and carry out rocket fire on northern Israel.

“In the last few days we are focused on dismantling the above and underground infrastructure, and we will continue to do so as long as it takes, until we guarantee the return of the residents to the north in complete safety,” the commander of the 188th Brigade, Col. Or Vollozinsky, said in remarks provided by the IDF.

Hezbollah weapons seized by paratroopers and commandos during operations in southern Lebanon, in a handout photo published October 6, 2024. (Israel Defense Forces)

During the operations, the IDF imposed a new closed military zone on the Lebanon border, in the areas of the communities of Manara, Yiftah, and Malkia, on Sunday.

The military said the move followed a fresh assessment during ground operations inside southern Lebanon.

This map issued by the IDF on October 6, 2024, shows a closed military zone on the Lebanon border. (Israel Defense Forces)

It is the third closed military zone imposed on the northern border since the IDF launched its ground operations in Lebanon last week.

The order prohibits civilians from areas where the Israeli military is operating, including areas in Israel across the border from Lebanese villages where fighting may be taking place.

Prime Minister Benjamin Netanyahu visited the border Sunday for a situation assessment with IDF Northern Command head Maj. Gen. Ori Gordin and 36th Division commander Brig. Gen. Moran Omer.

“A year ago we suffered a terrible blow,” Netanyahu said during the visit, according to the Prime Minister’s Office. “Over the past 12 months, we are changing reality from end to end.”

The premier said the international community has been impressed with Israel’s military might, telling troops of the 36th Division, “The whole world is astonished by the blows you inflict on our enemies.”

Prime Minister Benjamin Netanyahu, left, with Maj. Gen Ori Gordin during a meeting on October 6, 2024. (PMO)

As troops operated in southern Lebanon on Sunday, a barrage of 25 rockets and several drones were fired from the country at northern Israel, some of which were intercepted by air defenses, while others impacted in the area, according to the IDF.

One rocket appeared to hit a home in the Galilee town of Ma’alot-Tarshiha, with video of the house on fire circulating on social media. Police reported widespread damage to property in the attack.

A 65-year-old man was also lightly wounded in a rocket impact there, medics said.

The Magen David Adom ambulance service said the man was treated for injuries caused by the blast of the rocket impact.

Hezbollah claimed it launched rockets at a gathering of soldiers in Ma’alot-Tarshiha, which lies some 8 kilometers (5 miles) from the Lebanese border in the Western Galilee.

https://twitter.com/i/status/1842938303986729171

Around 10 p.m., several rockets fired from Lebanon bombarded the northern city of Karmiel, according to authorities, with reports of possible impacts inside the city.

Videos shared online show what appear to be successive rocket interceptions over the city of 50,000 some 16 kilometers (10 miles) from the northern border.

The Magen David Adom rescue service said it did not know of any casualties in the attack so far, but was checking possible impact sites.

There were also unverified reports of a building in the neighboring town of Deir al-Assad, taking a direct hit.

https://twitter.com/i/status/1843002596652732770

Also around 10 p.m. Sunday, the IDF called on Lebanese civilians near four buildings in the southern suburb of Beirut, a Hezbollah stronghold known as Dahiyeh, to evacuate immediately ahead of airstrikes.

Col. Avichay Adraee, the IDF’s Arabic-language spokesman, published maps alongside the announcement, which called on civilians to distance themselves at least 500 meters from the sites, which the military said belong to Hezbollah.

In the past week, the IDF has issued several evacuation orders for specific sites in Dahiyeh ahead of airstrikes on Hezbollah infrastructure.

https://twitter.com/AvichayAdraee/status/1843004528263672191

In a visit to Beirut, UN refugee agency chief Filippo Grandi said that Lebanon is seeing a “major displacement crisis” as a result of Israeli airstrikes, and that some of the strikes have violated international law.

Lebanese government officials estimate that 1.2 million people are now displaced. The UN has appealed for $425.7 million to respond to the humanitarian crisis. About 40% has been funded so far.

Grandi said that a strike that cut access to a major border crossing between Lebanon and Syria had also created an obstacle for civilians attempting to flee to safety.

The escalating violence has pushed both Lebanese citizens and Syrian refugees in Lebanon to cross the border en masse.

United Nations High Commissioner for Refugees Filippo Grandi gives a press conference in Beirut on October 6, 2024. (Ibrahim Amro/AFP)

In Syria, the state news agency SANA, citing a military source, said the Israeli Air Force carried out airstrikes in central Syria Sunday evening.

The report said the IAF warplanes launched their missiles from over northern Lebanon, and targeted several military sites in central Syria. The strikes caused “material losses,” SANA said.

The pro-government Sham FM radio says the airstrikes were carried out in the Homs area.

The Britain-based Syrian Observatory for Human Rights reported that one Israeli strike hit an empty Iranian car factory in Homs, while the state news agency at one point quoted a local official as saying that no factories were targeted inside the city.

Since the beginning of the Syrian civil war in 2011, Israel — which rarely comments on individual strikes in Syria — is believed to have carried out hundreds of strikes, mainly targeting army positions and Iran-backed fighters including from Hezbollah.

https://twitter.com/i/status/1842879993895874933

Since October 8, Hezbollah-led forces have attacked Israeli communities and military posts along the border on a near-daily basis, with the group saying it is doing so to support Gaza amid the war there.

So far, the skirmishes have resulted in 26 civilian deaths on the Israeli side, and — excluding the soldiers killed in the ground operation — the deaths of 22 IDF soldiers and reservists.

Two soldiers have been killed in a drone attack from Iraq, and there have also been several attacks from Syria, without any injuries.

The IDF’s toll in the ground offensive against Hezbollah in Lebanon stands at nine.

Hezbollah has named 516 members who have been killed by Israel during the ongoing skirmishes, mostly in Lebanon but some also in Syria. Another 94 operatives from other terror groups, a Lebanese soldier, and dozens of civilians have also been killed.

These numbers have not been consistently updated since Israel began a new offensive against Hezbollah in September, including a ground operation in which the military says at least 440 Hezbollah operatives have been killed.

ISRAEL/IRAN

Iran’s Oil Tankers Flee Biggest Export Terminal Fearing Israeli Attack

Saturday, Oct 05, 2024 – 09:20 AM

By Charles Kennedy of OilPrice.com

Iranian oil tankers have moved away from Kharg Island, Iran’s biggest oil export terminal, amid fears of an imminent Israeli attack on the most important crude export infrastructure in Iran.

Satellite images and tanker tracking companies have detected the major exodus of Iranian tankers away from Kharg Island, which handles about 90% of Iran’s all oil exports, CNBC reports.

“The National Iranian Tanker Company (NITC) appears to be fearing an imminent attack by Israel,” TankerTrackers.com posted on social media platform X late on Thursday.

“Their empty VLCC supertankers vacated the country’s largest oil terminal, Kharg Island, yesterday,” TankerTrackers.com said.

The vessel-tracking service noted that “crude oil loadings continue, but all of the extra vacant shipping capacity has been removed from the anchorage of Kharg Island.”

“This is the first time we see anything like this since the 2018 sanctions round,” TankerTrackers.com said.

Satellite imagery captured two weeks ago by the European Space Agency’s Copernicus Sentinel-1 mission showed a number of very large crude carriers in the waters around Kharg Island, CNBC says.

But satellite images of the same area from October 3 showed that no tankers can be seen around Iran’s most important oil export terminal, according to CNBC.

The removal of vacant shipping capacity from Kharg Island suggests that Iran could be bracing for an Israeli attack on its oil infrastructure.

The oil market is also awaiting the Israeli response to the Iranian missile attack on Israel earlier this week. Oil prices were up by 1.5% early on Friday and on track for a strong weekly gain amid reignited tensions in the Middle East.

Most analysts say that the OPEC spare capacity, concentrated in Saudi Arabia and the UAE, would be enough to compensate for an Iranian loss of supply.

An even more significant disruption to supply from the Middle East could lead to triple-digit oil prices. But analysts currently believe attacks on oil infrastructure in other producers in the region or the closure of the Strait of Hormuz are low-probability events.

Tovah Lazaroff and Hannah Sarisohn contributed to this report.

END

ISRAEL/IRAN

CENTCOM chief lands in Israel as IDF readies response to Iranian missile attack

By Emanuel Fabian

Illustrative: US CENTCOM chief Gen. Michael Kurilla (right) meets with IDF Chief of Staff Lt. Gen. Herzi Halevi (left) and other generals at the IDF HQ in Tel Aviv, September 8, 2024. (Israel Defense Forces)

United States CENTCOM chief Gen. Michael Kurilla landed in Israel this evening to meet with Israeli defense and military officials, amid preparations in the IDF for a response to Iran’s ballistic missile attack.

END

ISRAEL/USA/SAUDI ARABIA

Saudis Declare Neutrality On Iran-Israel Conflict, Not Wishing For A Repeat Of 2019 Aramco Attacks

Friday, Oct 04, 2024 – 10:10 PM

The world’s largest oil exporter Saudi Arabia says that it is staying neutral and on the sidelines when it comes to the ratcheting wars in Lebanon, Gaza, and Yemen – and the Iran vs. Israel showdown.

Other members of the Gulf Cooperation Council (GCC) – which includes Qatar, the United Arab Emirates, Bahrain, Oman, and Kuwait – have also this week “sought to reassure Iran of their neutrality” in the Iran-Israel conflict, Reuters has reported.

Prior to the Gaza war, Saudi Arabia was widely seen as on the cusp of signing a full normalization and diplomatic relations deal with Israel, as part of the Abraham Accords – but that was derailed in the wake of Oct.7.

At the same time, Riyadh and Tehran have recently made peace. The kingdom is now seeking to assure Iran it will not join Israel’s side.

The Saudis and other GGC states wish to avoid the kind of attacks which could impact its oil production and exports, such as the 2019 Abqaiq–Khurais Saudi Aramco drones strikes. The US blamed Iran for those historic attacks, but Tehran leaders never owned up to it.

Iranian President Masoud Pezeshkian has been in Doha this week. He told Saudi Foreign Minister Faisal bin Farhan on Thursday, “We consider Islamic countries, including Saudi Arabia, as our brothers, and we emphasize the importance of setting aside differences to enhance cooperation.”

Bin Farhan also expressed the desire to set aside all rifts. “We aim to permanently close the chapter on our differences and focus on resolving issues, developing relations as two friendly and brotherly countries,” he said, as cited in Iranian state media.

Regional tensions are soaring, and global oil markets have been reacting with each big headline and statement related to reports that Israel could be preparing major strikes on Iran’s oil and gas fields.

As for the latest Friday afternoon, which sent oil sliding…

https://twitter.com/JavierBlas/status/1842270514779430950

More broadly, things between the Gulf states and Iran began cooling in the wake of the decade-long proxy war in Syria to oust Assad. The GCC countries were active in funding jihadist rebels seeking to conquer Damascus (and to counter the Iranian/Shia axis), but once it became clear that the Syrian government emerged victorious, GCC diplomats began racing back to Damascus.

END

ISRAEL/HEZBOLLAH;/LEBANON/TRIPOLI

Israel Strikes Lebanon’s Northernmost City For First Time Of War

Saturday, Oct 05, 2024 – 11:05 AM

An Israeli drone bombed a Palestinian refugee camp in the Lebanese city of Tripoli, killing a Hamas leader and three members of his family in the early hours of Saturday.

Al-Jadeed TV channel reported that “an Israeli drone targeted a residential apartment in the vicinity of Khalil al-Rahman Mosque in the Beddawi camp in Tripoli,” killing four people and injuring others who were transported to the Hilal Hospital inside the camp.

Hamas issued a statement announcing the death of Qassam Brigades commander, Saeed Atallah Ali, his wife Shaima Khalil Azzam, and his two young daughters, Zainab and Fatima, who were killed as a result of the airstrike.

The Hamas statement added that “the Qassam Brigades, in light of the ongoing and escalating massacres of the occupation in the steadfast Gaza Strip, our proud West Bank, and our camps, the fortresses of our return, pledge to our people to avenge the pure blood that was shed and is still being shed.”

According to Al-Jadeed, the Israeli bombing was the first of its kind in northern Lebanon since the beginning of the war. Israel also struck targets in the southern suburbs of Beirut for the third night in a row.

Lebanese News Agency reported that the Israeli warplanes launched 12 raids on the southern suburbs of Beirut at dawn on Saturday.

Witnesses speaking with Reuters said a blast was heard and smoke seen early on Saturday in Beirut, amid evacuation warnings issued by the Israeli military for residents to evacuate several areas. The alerts warned residents to evacuate buildings in the Burj al-Barajneh neighborhood, the Choueifat district, and Haret Hreik.

The Israeli army announced it bombed a mosque within the Martyr Salah Ghandour Hospital compound in the town of Bint Jbeil in southern Lebanon overnight. A statement from the hospital said that nine medical workers were injured in the strike, including many in serious condition.

The army claimed Hezbollah had established a “command room” within the mosque “to plan and carry out acts of terror against IDF troops and the State of Israel.”

x.com/TheCradleMedia/status/1842373421256085971

In Gaza, the Israeli military has regularly bombed hospitals, mosques, and schools, claiming without evidence they are being used by Hamas fighters. Lebanon’s Health Ministry has announced that more than 2,000 people have now been killed in Israeli attacks on the country since 8 October last year, including 127 children and 261 women.

Israel’s war on Gaza has killed at least 41,802 people, with the local health ministry saying the majority are women and children, and injured 96,844 since the war began on October 7 last year.

end

ISRAEL/HEZBOLLAH/HAMAS/HOUTHIS/IRAN ET AL

(JERUSALEM POST)

ANOTHER GREAT READ

With a new year, comes a regional war for Israel – analysis

Israel is expected to attack Iran relatively soon and with a power that it has never done before following Tehran’s October 1 direct assault on the Jewish state.

By YONAH JEREMY BOBOCTOBER 5, 2024 22:37

Anti-missile system fires interception missiles as missiles fired from Iran, as seen in the West Bank on October 1, 2024 (photo credit: WISAM HASHLAMOUN/FLASH90) — Anti-missile system fires interception missiles as missiles fired from Iran, as seen in the West Bank on October 1, 2024(photo credit: WISAM HASHLAMOUN/FLASH90)

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fisrael-hamas-war%2Farticle-823300&unitId=2900003088&userId=fc1f54a9-182e-48c4-af1c-0ddd1497d1d7&isLegacyBrowser=false&isPartitioningSupport=1&version=20241004_a437e8eede5de7b0b5176a43645e1d732ddf433e&useBunnyCDN=0&themeId=140&unitType=tts-player

Over the New Year holiday and all of last week, the regional war that many wanted to avoid since October 7 has finally arrived.

Some still hope that it will be a smaller version of a regional war and not the maximal version, but there is no question that going into the new Jewish year, the war in Gaza is no longer the main or second main front.

Rather, Lebanon and Iran have replaced Hamas as the main antagonists for Israel, though the Gazan terror group is still in play, and there are still real threats from Yemen, Syrian militias, Iraqi militias, and Hamas terrorists in the West Bank.

Israel is expected to attack Iran relatively soon and with a power that it has never done before following Tehran’s October 1 direct assault on the Jewish state – the second of the year, but the harshest by far.

How soon it will attack depends on the status of the invasion of Lebanon. A quick strategic decision was made on Tuesday not to retaliate immediately but to keep the focus on pummeling Hezbollah and only to respond once there was confidence that the Lebanon invasion goals would be achieved.

The Dome of the Rock on the Al-Aqsa compound, also known to Jews as the Temple Mount is seen as projectiles fly through the sky, after Iran fired a salvo of ballistic missiles at Israel, as seen from Jerusalem October 1, 2024 (credit: REUTERS/JAMAL AWAD)

That confidence was shaken on October 2 when multiple IDF units were ambushed by Hezbollah, but they have not had repeat success since. If the IDF avoids losses and feels that it is on track to eliminating the terrorist group’s forward Radwan positions in southern Lebanon within weeks, as originally planned, it may hit the Islamic Republic even before the invasion is wrapped up and potentially very soon.

If the invasion slows or faces setbacks, the attack on Iran could be delayed some weeks, and in some scenarios, even until after US Election Day on November 5.

Question of the target in Israel’s retaliation

What to attack? The US would prefer that Israel strike some mix of Iranian ballistic missile sites, drone sites, and possibly some of its commanders involved in running the attacks against the Jewish state.

Washington would prefer that Jerusalem not strike Iran’s nuclear program or sources of its oil-based economy or electricity.

Israel’s defense establishment is not unanimous on what to do. Some are more interested than they have ever been in hitting Iran hard, given that Tehran has shown it is no longer a “practical” actor who will suffice with smaller potshots at Israel through its proxies.

But others emphasize that a strike that goes too far against US recommendations could risk Washington not providing a future defense blanket against a third round of Iranian ballistic missile attacks. This would be especially true about regional Sunni allies deciding not to help Jerusalem or being unable to help if they themselves came under Iranian attack as weak Israeli-US allies to hit. There are also fears that the Islamic Republic could destabilize the global economy.

Anti-missile system fires interception missiles as missiles fired from Iran, as seen in the West Bank on October 1, 2024 (credit: WISAM HASHLAMOUN/FLASH90)

Israel has killed around 400 Hezbollah fighters in only a week of the invasion after killing around 500 over 11 months. Further, the IDF has eliminated not only Hezbollah chief Hassan Nasrallah but probably also his likely successor Hashem Saffiedine, nearly all of his war council, and nearly all of the top second-level and third-level Hezbollah commanders, including Fuad Shukr, Ibrahim Aqil, and Ali Karaki. In turn, the military has lost 11 soldiers since the invasion started, including from a drone attack in the Golan by Iraqi militias.

The stated goals are to eliminate all of Hezbollah’s Radwan Force infrastructure for invading northern Israel that is close to the border and to make sure that Hezbollah forces are gone from southern Lebanon and do not return.

An unstated goal is to convince the terrorist group to stop firing rockets into the Jewish state without the need to invade deeper into the country. This second point is the messiest one, given that the IDF has no clear way of accomplishing the goal, and it has killed most of the top Hezbollah leaders who could potentially tell rocket teams to stand down.

It is also unclear what incentive Hezbollah has to stand down given the beating it has already taken and the reluctance of Israel to get drawn into a quagmire in Lebanon for more than weeks, or on the longer end, months.

Very little is happening in Gaza. There is a very small contingent of IDF forces there. Sometimes the IDF moves civilians from one place to another. It regularly targets mid-level Hamas and Islamic Jihad commanders and seeks out other small Hamas cells that are hiding. But without a clear way to get Gaza chief Yahya Sinwar and to get back the remaining 50 live and 50 or so dead hostages – and with the government still opposed to including the Palestinian Authority, a condition for most Israeli allies to help control and rebuild Gaza – a months-long stalemate has taken hold.

The West Bank is on fire, as evidenced by the terror attack by Hamas terrorists from Hebron in Tel Aviv on October 1 and by the regular required operations by the IDF in Jenin, Tulkarm, and elsewhere. The military is doing the best it can to keep a lid on the situation, but until the other fronts quiet down, there is little chance that this one also will. Even if the other fronts calm down, the West Bank has been in a constant state of low-grade conflict since March 2022, long before the current war. A mix of more force and a diplomatic horizon of some kind is probably the only way to eventually bring calm.

Yemen and Iraq: Israel hopes that its recent counterattack on Yemen will buy enough time to finish the other war fronts before the Houthis attack again. After Israel’s July attack on them, the IDF bought some relative quiet time for nearly two months. Due to diplomatic issues concerning the US, Jerusalem has so far been afraid to retaliate strongly within Iraq, though prior to the war, it had done so covertly a few times.

END

ISRAEL/HEZBOLLAH

IDF tells Lebanese civilians near 2 buildings in Beirut’s Dahiyeh to leave immediately

By Emanuel Fabian FollowToday, 10:07 pm

The IDF is calling on Lebanese civilians near two buildings in the southern suburb of Beirut, a Hezbollah stronghold known as Dahiyeh, to evacuate immediately, ahead of airstrikes.

Col. Avichay Adraee, the IDF’s Arabic-language spokesman, publishes maps alongside the announcement, which call on civilians to distance themselves at least 500 meters (about a third of a mile) from the sites the military says belong to Hezbollah.

In recent days, the IDF has issued several evacuation orders for specific sites in Dahiyeh ahead of airstrikes on Hezbollah infrastructure.

https://twitter.com/AvichayAdraee/status/1843360894862143874

ISRAEL/HAMAS/JABALYA

ISRAEL re invades Jabalya/northern Gaza

IDF evacuates tens of thousands from northern Gaza amid Jabalya invasion

The IDF evacuated tens of thousands of Palestinian civilians from northern Gaza on Sunday as it invaded Jabalya for the fourth time.

By YONAH JEREMY BOBOCTOBER 6, 2024 12:15Updated: OCTOBER 6, 2024 13:26

IDF tanks operate in the Gaza Strip. October 6, 2024. (photo credit: IDF SPOKESPERSON'S UNIT) — IDF tanks operate in the Gaza Strip. October 6, 2024.(photo credit: IDF SPOKESPERSON’S UNIT)

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The IDF evacuated tens of thousands of Palestinian civilians from northern Gaza on Sunday as it invaded Jabalya for the fourth time since the start of the war.

The IDF has been attempting to apply new pressure on Hamas Chief Yahya Sinwar since mid-June in order to secure a hostage exchange deal on terms acceptable to the government. However, they have been unsuccessful in their efforts so far.

In recent months, former national security council chief Giora Eiland and a group of hundreds of mid-level reservist officers have been advocating for a complete evacuation of northern Gaza in order to exert new pressure on Sinwar.

Sunday’s move by the IDF appeared to be a middle-ground position of relocating a significant portion of the 150,000-250,000 Palestinian civilians out of northern Gaza without fully implementing the Eiland plan.

Alternatively, the move could be a prelude to a gradual and deliberate evacuation of northern Gaza, but at a slower pace to minimize global opposition, particularly from the US.

IDF tanks operate in the Gaza Strip. October 6, 2024. (credit: IDF SPOKESPERSON'S UNIT) — IDF tanks operate in the Gaza Strip. October 6, 2024. (credit: IDF SPOKESPERSON’S UNIT)

The military focused on the 162nd Division’s 401st and 460th armored brigades, having surrounded Jabalya overnight after receiving intelligence that Hamas had been reconstituting itself in the area.

Until now, the 162nd Division had been fighting Hamas in Rafah and the Philadelphi Corridor since early May but has now handed that area over to the less robust Gaza Division, based on the idea that most of its work in Rafah has been completed.

The IDF said that it has already carried out dozens of airstrikes and artillery shelling prior to the ground troops entering Jabalya. .

IDF sources did not commit to a specific timeline for their stay in Jabalya, but similar re-invasions have lasted a duration of several days to a few weeks.

At the same time, the IDF has expanded the Humanitarian Area in Al-Mawasi in northern Gaza, the military announced Sunday morning.

This expansion included field hospitals established since the outbreak of the war, tent compounds, and supplies of food, water, and medicine.

The military stated that two evacuation routes from northern Gaza to the South have been reopened: one along the Salah al-Din Road and the other along the Al-Rashid coastal road.

The IDF also noted that it had also published maps for Palestinian civilians highlighting evacuation areas in northern Gaza, including “block zones” that correspond to neighborhoods and regions.

This evacuation also comes only a day after the IDF started to evacuate Palestinian civilians from parts of central Gaza, where Division 252 is still searching out to fight concealed Hamas cells.

Jerusalem Post Staff contributed to this report.

END

Israel/Hezbollah/SUNDAY

Large strikes in Beirut target Hezbollah; surface-to-surface missiles fired at Haifa

Targets reportedly include building near Lebanese airport and one previously used by Hezbollah-tied Al-Manar broadcaster; IDF issues new evacuation alerts for 25 areas in south Lebanon

By Emanuel Fabian, Follow
Agencies and ToI StaffToday, 2:08 pmUpdated at 2:24 pm

Smoke rises from a destroyed building hit by Israeli airstrikes targeting Hezbollah in Dahiyeh, Beirut, Lebanon, Oct. 6, 2024. (AP Photo/Bilal Hussein)

The Israel Defense Forces continued its campaign of airstrikes in Lebanon on Sunday, with the military saying it carried out a series of pinpoint attacks on Hezbollah targets in Beirut overnight, including several weapons depots and other terror infrastructure.

The strikes caused large fireballs and huge plumes of smoke in the southern suburbs of the Lebanese capital. Smoke was still billowing from the site after dawn. The Lebanese health ministry did not release information on casualties.

The strikes reportedly targeted a building near a road leading to Lebanon’s international airport and another formerly used by the Hezbollah-run broadcaster Al-Manar.

The military said the strikes were preceded by extensive steps to avoid harm to civilians, including advance warning.

The IDF accused Hezbollah of placing its arms storage and production sites under residential buildings in the Lebanese capital, endangering the population, and vowed to keep striking Hezbollah’s military assets in full force.

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On Sunday morning, Lebanese media reported another large Israeli strike in Beirut. There was no immediate comment from the IDF.

The Lebanese health ministry said Sunday that Israeli strikes killed 23 people across the country a day earlier. An additional 93 were wounded, the ministry said, without including casualties in the airstrikes on Beirut’s southern suburbs after midnight. The health ministry figures did not differentiate between civilians and combatants.

The military said one airstrike killed Hezbollah’s company commander in the southern Lebanese village of Kafr Kila, who was responsible for a deadly anti-tank missile attack in January. Hader Ali Tawil was behind the attack that killed Barak Ayalon, 45, and his mother Miri Ayalon, 76, when an anti-tank missile slammed into their home in Kfar Yuval, the IDF said.

The strikes came amid continued rocket fire and drone launches from Lebanon at northern Israel on Sunday.

Two missiles fired at the northern coastal plain were shot down by air defenses, the military said. The surface-to-surface missiles triggered sirens between Haifa and Hadera along the coast.

There were no reports of injuries or damage in the attack.

https://twitter.com/i/status/1842726762448347525

Additionally, several suspected drones launched from Lebanon were shot down by Israeli air defenses, the IDF said.

According to the military, the “suspicious aerial targets” did not cross into Israeli airspace.

On Saturday, over 110 rockets were fired at northern Israel from Lebanon, with an additional 30 fired in an overnight barrage at Kiryat Shmona.

Fighting continued in southern Lebanon as the IDF issued new evacuation alerts for residents of around 25 areas in southern Lebanon, calling on them to head immediately north of the Awali River.

https://twitter.com/i/status/1842802642646344042

Map of south Lebanon showing the location of the Litani and Awali Rivers, and localities where residents were told by the Israeli army to evacuate between Oct 1 and 4 (AFP / Nalini LEPETIT-CHELLA AND Paz PIZARRO AND Sylvie HUSSON AND Olivia BUGAULT)

Meanwhile, Lebanon’s Prime Minister Najib Mikati called for “pressure on Israel” for a ceasefire as Hezbollah continued to fire rockets and launch drones at Israel. Mikati said he backed US and French efforts for a truce.

Lebanon said the start of the new school year was being postponed until November 4 due to the escalation in fighting.

Education Minister Abbas Halabi said the start date for more than one million students would be delayed because of “security risks.”

People check the site of an Israeli airstrike on a Hezbollah target in Dahiyeh, Beirut, Lebanon, Oct. 6, 2024. (AP Photo/Bilal Hussein)

Israel says it has widened operations against Hezbollah to enable the safe return to their homes in the north of some 60,000 Israeli civilians who were evacuated when the Iran-backed terror group began firing rockets on October 8. Hezbollah said the attacks were in support of the Palestinians in Gaza amid the war sparked by Hamas’s devastating onslaught a day earlier.

So far, the skirmishes in the north have resulted in 26 civilian deaths on the Israeli side, and — excluding the soldiers killed in the ground operation — the deaths of 22 IDF soldiers and reservists.

Two soldiers have been killed in a drone attack from Iraq, and there have also been several attacks from Syria, without any injuries.

The IDF’s toll in the ground offensive against Hezbollah in Lebanon stands at nine.

END

ISRAEL/HEZBOLLAH/MONDAY

2 reservists killed as IDF sends more troops into southern Lebanon

IDF orders additional Lebanese villages to evacuate as thousands of soldiers are deployed to join expanding ground offensive; Hezbollah fires dozens of rockets at Israel’s north

By Emanuel Fabian FollowToday, 3:20 pm

Troops of the 188th Armored Brigade operate in southern Lebanon, in a handout photo issued on October 6, 2024. (Israel Defense Forces)

Two Israeli reservists serving on the northern border were killed in a mortar attack, authorities announced Monday, as the military said it was sending more troops into Lebanon amid a swiftly widening offensive against the Hezbollah terror group.

The deaths were announced as Hezbollah continued to fire rockets at northern Israel, launching dozens of projectiles at towns in the north towns a day after it managed to breach air defenses around Haifa for a first time.

Master Sgt. (res.) Etay Azulay, 25, from the West Bank border settlement of Oranit, and Warrant Officer (res.) Aviv Magen, 43, from the central town of Herut, were both on the Israeli side of the border with Lebanon when a mortar impacted near their position Sunday evening, the Israel Defense Forces said.

Azulay was killed on the spot, while Magen died in a hospital on Monday morning. Both were members of the IDF’s elite 5515 combat mobility unit.

A third reservist with them at the time was seriously wounded.

The deaths bring the IDF’s toll since launching its ground operation in Lebanon to 11.

Master Sgt. (res.) Etay Azulay, killed on the Lebanon border on October 6, 2024. (Israel Defense Forces)

Israel launched what it called “limited, localized, and targeted raids” on the ground in southern Lebanon on September 30, aiming to demolish Hezbollah infrastructure near the frontier, especially in the villages adjacent to Israel, to enable displaced Israeli residents of the north to return home safely.

On Sunday night, the army sent a third division into Lebanon to fight alongside two divisions already operating across the border. The move adds thousands of troops to Israel’s ground offensive, with the total number of soldiers deployed inside Lebanon now likely over 10,000.

The 91st “Galilee” Regional Division, which is normally responsible for the entire Lebanon border area, joins the IDF’s 98th and 36th divisions, which have been operating in southern Lebanon since last week.

Israel’s raids in southern Lebanon have focused on Hezbollah’s “centers of gravity” in southern Lebanon villages, where troops have so far found massive amounts of weapons, military sources said. Israel has said Hezbollah was planning a large-scale October 7-style attack on northern communities to massacre and kidnap Israeli civilians.

A plume of smoke billows following an Israeli air strike on the village of Khiam in southern Lebanon near the border with Israel on October 7, 2024. (Photo by AFP)

The IDF has said the operations in southern Lebanon will expand as needed, but that it still intends for the operations to end as quickly as possible — within a few weeks. However, there are signs that the fighting is set to expand.

On Monday morning, the IDF issued new calls to Lebanese civilians in more than two dozen villages and towns in southern Lebanon to evacuate immediately and head north of the Awali River.

In recent days, the military has called on dozens of locales in southern Lebanon, including some north of the Litani River, to evacuate. The IDF said it would update the civilians when it is safe to return.

The 91st Division began ground operations inside southern Lebanon Sunday with three reserve brigades: the Alexandroni and Alon infantry brigades and the 8th Armored Brigade.

The division’s 769th “Hiram” Regional Brigade — responsible for the eastern portion of the border — was continuing defensive operations, the military added.

Hezbollah weapons seized by paratroopers and commandos during operations in southern Lebanon, in a handout photo published October 6, 2024. (Israel Defense Forces)

Amid the fighting, Hezbollah launched some 40 rockets at northern Israel on Monday morning, as Israel marked the first anniversary of the October 7 Hamas attack.

Some 15 rockets were fired before 7 a.m. at the Karmiel area, a city of some 50,000 approximately 16 kilometers (10 miles) from the Lebanon border. Some of the rockets were intercepted and the rest struck open areas, the IDF said.

Shortly before 9 a.m., another 20 rockets were launched at the Western Galilee. At least one of the rockets landed in Kfar Vradim, causing damage to several cars. The IDF said most of the rockets launched in the attack were intercepted.

Several more rockets were fired at the Dovev area later in the morning, which all hit open land according to the IDF.

There were no reports of injuries in the attacks.

https://twitter.com/i/status/1843178426443907152

Aside from putting boots on the ground in southern Lebanon, the IDF has also pounded Hezbollah from the air, repeatedly hitting the Iran-backed group’s holdings near Beirut in recent days.

Overnight, the IDF said it carried out strikes against Hezbollah intelligence sites and weapon depots in Beirut.

Strikes were also carried out against the terror group’s sites in southern Lebanon and the Beqaa Valley, including weapon depots, a command room, and a rocket launcher, the military added.

Charred cars at the site of an Israeli airstrike in Dahiyeh, Beirut, Lebanon, Sunday, Oct. 6, 2024. (AP/Bilal Hussein)

In a separate development overnight, the military said three drones launched from the east, a term used in the past by the IDF to describe attacks from Iraq, were shot down by the Israeli Air Force.

In the first incident, at around 1 a.m. a drone heading toward Israel was intercepted outside of Israeli airspace, the IDF said.

Hours later, shortly after 5 a.m., the military said two drones were shot down by the Israeli Air Force off the coast of Rishon Lezion. Sirens had sounded in Rishon Lezion and Palmachim amid the incident.

The Iran-backed Islamic Resistance in Iraq took responsibility for the attack, claiming to have targeted a “military target” in Israel with a drone.

Troops of the 188th Armored Brigade operate in southern Lebanon, in a handout photo issued on October 6, 2024. (Israel Defense Forces)

On Sunday, the chief of the United States Central Command (CENTCOM) Gen. Michael Kurilla held an assessment with IDF Chief of Staff Lt. Gen. Herzi Halevi, the Israeli military said.

“The general’s visit dealt with the security issues at hand, with an emphasis on Iran and the northern front,” the IDF said.

The visit came amid preparations in the IDF for a response to Iran’s attack against Israel with some 200 ballistic missiles last week, which Iran said was retaliation for the killing of Hezbollah chief Hassan Nasrallah.

The past two weeks have seen Israel step up its strikes on Hezbollah in Lebanon, all but decimating the terror group’s top command in a series of massive airstrikes on Beirut and southern Lebanon.

The escalation followed Israel’s decision last month to make the return home of northern residents an official war aim. Some 60,000 residents were evacuated from northern towns on the Lebanon border shortly after Hamas’s October 7 onslaught, out of fear Hezbollah would carry out a similar attack.

Smoke rises following an explosion in southern Lebanon as seen from northern Israel, Monday, Oct. 7, 2024. (AP Photo/Leo Correa)

The skirmishes resulted in 26 civilian deaths on the Israeli side, and — in addition to the 11 soldiers killed in the ground operation — the deaths of 22 IDF soldiers and reservists. The IDF’s toll in the ground offensive against Hezbollah in Lebanon and during operations on the border stands at 11.

Two soldiers in northern Israel have been killed in a drone attack from Iraq, and there have also been several attacks from Syria, without any injuries.

Hezbollah has named 516 members — including Nasrallah — who have been killed by Israel during the war, mostly in Lebanon but also some in Syria. Another 94 operatives from other terror groups, a Lebanese soldier, and dozens of civilians have also been killed.

These numbers have not been consistently updated since Israel began its new offensive against Hezbollah in September, including the ground operation in which the military says at least 440 Hezbollah operatives have been killed.

END

ISRAEL HEZBOLLAH

IDF strikes over 120 Hezbollah targets in southern Lebanon

The IDF also conducted a targeted strike in Beirut, aiming for a senior Hezbollah official.

By JERUSALEM POST STAFFOCTOBER 7, 2024 16:01Updated: OCTOBER 7, 2024 19:04

IDF strikes on Hezbollah targets in southern Lebanon, October 7, 2024. (illustrative) (photo credit: IDF SPOKESPERSON UNIT) — IDF strikes on Hezbollah targets in southern Lebanon, October 7, 2024. (illustrative)(photo credit: IDF SPOKESPERSON UNIT)

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fbreaking-news%2Farticle-823555&unitId=2900003088&userId=1938e01a-2e38-4f76-9d42-6dd0304d8a0a&isLegacyBrowser=false&isPartitioningSupport=1&version=20241007_056947ef242c92e9e140c20fe3f96973c512a436&useBunnyCDN=0&themeId=140&unitType=tts-player

Following precise IDF intelligence, the Israel Air Force (IAF) conducted an extensive aerial operation, striking more than 120 terror targets in southern Lebanon within an hour, the military announced on Monday.

“These targets belonged to various units of the Hezbollah terrorist organization, including regional units of Hezbollah’s southern front, the Radwan Forces, the Missiles and Rockets Force, and the Intelligence Directorate,” the IDF added. “This operation follows a series of strikes aimed at degrading Hezbollah’s command, control, and firing capabilities, as well as assisting ground forces in achieving their operational goals.”

“Hezbollah has deliberately embedded its terrorist infrastructure and weapons inside civilian areas, including homes, in Lebanon. The IDF continues to conduct precise operations to neutralize threats to Israeli civilians.” the IDF concluded.

Earlier Monday, the IDF conducted a targeted strike in Beirut.

According to an N12 report, there was no evacuation warning before the strike, and it was conducted near the area where Hashem Safieddine, the presumed successor of former Hezbollah secretary-general Hassan Nasrallah, was believed to have been killed.

Also earlier in the day, dozens of rockets were fired toward northern Israeli communities. Following a morning alert and a search in Ma’alot-Tarshiha, a rocket was reported to have landed in an open area. No casualties were reported, though minor property damage occurred. Two direct hits were also identified in Kfar Vradim, where, again, there were no injuries, though property damage was noted. Several people were treated for anxiety at the scene.

Later, after an afternoon alert and further searches, two more direct hits were reported in the Ma’alot-Tarshiha area—one near a house and another in an open field. One person was injured by shrapnel, and four others suffering from anxiety were evacuated and treated. Damage to property was also reported.

Afterward, the IDF provided a statement, saying: As of 17:00 (Monday), approximately 135 projectiles fired by the Hezbollah terrorist organization crossed from Lebanon into Israeli territory.

Smoke billows over Beirut's southern suburbs after a strike, amid the ongoing hostilities between Hezbollah and Israeli forces, as seen from Sin El Fil, Lebanon October 7, 2024 (credit: REUTERS/Joseph Campbell) — Smoke billows over Beirut’s southern suburbs after a strike, amid the ongoing hostilities between Hezbollah and Israeli forces, as seen from Sin El Fil, Lebanon October 7, 2024 (credit: REUTERS/Joseph Campbell)

The IDF will continue to operate against the threat of the Hezbollah terrorist organization in defense of the State of Israel and its residents.

Affected communities respond

Eyal Shmueli, head of the Kfar Vradim Council, spoke to Maariv after the strikes: “Symbolically or not—this morning, exactly one year after Rumi Gonen from the town was kidnapped and is still held captive by Hamas—we suffered two direct hits in Kfar Vradim, one of which was near Rumi’s home.” He added, “Thankfully, due to vigilance and civilian discipline, there were no physical injuries, only property damage. We will continue to stand firm alongside the IDF and Northern Command in their mission to restore the pastoral peace of the Galilee.”

Earlier in the morning, red alert sirens were activated in the Carmiel and Upper Galilee regions. At the same time, the IDF reported that after a 6:31 a.m. alert in the Gaza border, four launches from southern Gaza were detected. Three were intercepted by the Air Force, and one landed in an open area.

This is a developing story.

ISRAEL/WEST BANK

END

Israel/west bank

ISRAEL/IRAQ

USA/HOUTHIS/ISRAEL

Dramatic Footage Shows Tanker Blown Up In Critical Maritime Chokepoint As Disasters Mount For Biden-Harris

Friday, Oct 04, 2024 – 09:20 PM

The Biden-Harris administration is facing several disasters this week.

From FEMA’s botched response in the hurricane-ravaged US Southeast to elevated WW3 risks in the Middle East, one major and ongoing crisis that went underreported this week was multiple attacks by Iran-backed Houthi rebels on commercial ships in the critical maritime chokepoint of the southern Red Sea.

On Wednseday we penned a note, citing intelligence firm SynMax, which specializes in maritime and energy intelligence, about two commercial vessels targeted by Houthis:

“Two ships targeted by Houthis in the RedSea yesterday—Panama-flagged CORDELIA MOON and Liberian-flagged MINOAN COURAGE—the first such attacks since September,” SynMax wrote on X.

Fast forward to late week, the maritime news website gCaptain released footage showing one of the vessels, Panama-flagged tanker M/T Cordelia Moon, being hit by a Houthi unmanned surface vessel.

Here’s more from the gCaptain:

The incident, which occurred on October 1, involved multiple missile strikes and a hit by an USV. The vessel was unladen and in ballast condition at the time of the attack.

According to the Joint Maritime Information Center (JMIC), the vessel was targeted while navigating the southern Red Sea, approximately 64 nautical miles from Al Hudaydah, Yemen. The attack unfolded in several stages, according to the ship’s Master:

At 0150 UTC, three projectiles landed near the ship’s port bow.

At 0253 UTC, a fourth projectile splashed 100 meters from the aft starboard quarter.

At 0500 UTC, the ship was struck by a USV on its port side.

The JMIC confirmed that the Cordelia Moon sustained damage but did not require assistance. All crew members are reported safe, and the vessel is proceeding to its next port of call. It also assesses that vessel was likely targeted due to affiliations within the vessel’s operation structure.

The current threat assessment indicates that vessels with Israeli, United States, or United Kingdom associations are at the highest risk, but ships within company structures that have been identified as making port calls to Israel are also potential targets.

As tensions continue to rise in the Red Sea, this latest incident underscores the dangers to vessels and their crews in the region, particularly those with connections to countries perceived as adversaries by the Houthi rebels.

Dramatic footage.

For one year, Houthi rebels have launched over 80 attacks on commercial ships in the critical maritime chokepoint, sinking two ships and killing four sailors.

Maritime expert Noam Raydan, and author of The Chokepoint, noted…

https://twitter.com/NoamRaydan/status/1841181188658229599

This chaos has sparked global supply chain snarls for the shipping industry as commercial vessels are rerouted around the Cape of Good Hope.

Even more concerning is the Biden-Harris administration’s failure of ‘Operation Prosperity Guardian’ to ensure freedom of navigation and maritime security in the critical chokepoint.

Meanwhile, the clogged chokepoint is causing major supply chain disruptions at top global ports.

CNN Business’ Richard Quest pointed this out on X, “Extraordinary number of ships at Singapore. All bunched up here because of Red Sea disruption to shipping and shifts in way things are being shipped. Fascinating. This is where commerce and geo politics come face to face.”

https://twitter.com/i/status/1841724189767827904

END

ISRAEL/HAMAS/MONDAY

As Israel Marks Year Since Oct.7 Slaughter, Hamas Unleashes Largest Missile Barrage In Months

Monday, Oct 07, 2024 – 09:05 AM

As Israelis mourn October 7, Hamas chose to launch its heaviest missile barrage on Israel in months, which Israel’s military says it was mostly able to thwart through its missile defenses.

The terror group even timed its rockets to the coincide precisely with the start of memorial events across the country. Regular rocket attacks had previously largely ceased amid the ongoing ground war in the central and south parts of the Gaza Strip, but for now they’ve resumed.

“Starting at 6:29 a.m., ceremonies, rallies and ad hoc memorials held across Israel marked the moment a year ago that Gazan terror groups began lobbing massive volleys of rockets, providing air cover for thousands of terrorists speeding across the suddenly pregnable border by land, air and sea and kicking off the largest slaughter of Jews since the Holocaust,” Israeli media describes.

“Underlining how much has changed since then, Hamas on Monday morning only managed to fire four rockets to mark the moment at 6:30 a.m.” But many more reportedly followed. Three of those initial rockets were reportedly intercepted while a fourth fell in an open area. The IDF wrote on social media: “Sirens sounding in Tel Aviv and central Israel exactly a year after the October 7 massacre.”

Family members of hostages also led remembrance events. Some 100 Israelis are still being held somewhere in Gaza, with many of the captives feared dead after a full year of brutal war, and given Hamas has turned to executing some in instances where IDF soldiers get too close.

About 1,200 people were killed in the brutal Oct.7 attack which involved thousands of well-armed Hamas militants invading both the Nova music festival and several kibbutzim near the border.

Concert-goers were randomly shot or dragged away into captivity. Military border outposts were also overrun, and in some cases Israeli troops were dragged out of the tanks they were manning. Later investigations revealed that some Israeli victims were likely killed by ‘friendly fire’ amid the chaos of the situation as Israel’s military belatedly responded to the raids with heavy helicopter and tank gunfire.

There are reports that at least one Hamas missile made it through to strike Tel Aviv, triggering sirens there…

https://twitter.com/sharland57753/status/1843137009201852592?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwte

That fateful day unleashed a war in Gaza and has since spiraled to include conflict in Lebanon, and now with a looming showdown and possible direct war between Israel and Iran. Hezbollah in Lebanon has continued its rocket attacks, with projectiles striking Haifa over the weekend and into Monday.

One major hostage exchange deal was successfully negotiated and implemented during late Novermber 2023: Hamas released 105 civilian captives which include 81 Israelis and 24 foreign workers (Thais and a Filipino). Israel as part of the swap released 240 Palestinian prisoners.

Israeli society has since then been deeply divided given a hoped-for follow-up deal never materialized, with critics of Prime Minister Netanyahu accusing him of prioritizing the military operation over getting the captives home, as well as seeking to ensure his own political longevity.

Shocking scenes began emerging on Oct.7, 2023 almost in real time…

https://twitter.com/sharland57753/status/1843137009201852592?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwte

This divide among the population has been evident during Oct.7 memorial events. Times of Israel observed:

“In Jerusalem’s Azza Street, relatives of the hostages and hundreds of supporters stood down the road from Prime Minister Benjamin Netanyahu’s private residence and sounded a two-minute siren at 6:29 a.m. Some stood stoically as the klaxon wailed, while others wept quietly.”

At the Nova music festival venue, mourners played the lost song heard at the concern one year ago before Hamas swept in on paragliders and gunshots began ringing out. This was followed by a moment of silence.

RUSSIA/UKRAINE

end

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

Study Confirms The Truth About Masks And Children

Saturday, Oct 05, 2024 – 02:35 PM

Authored by Ian Miller via The Brownstone Institute,

It’s late 2024, and masking has managed to remain a contentious issue. Years of misinformation from supposed “experts” like Anthony Fauci and Deborah Birx and organizations like the CDC have convinced millions of Very Smart People to believe that masks are an effective tool to reduce the transmission of respiratory viruses. This applies also to the flu, despite those same experts and organizations somehow neglecting to recommend masks for the decades of flu seasons pre-2020.

Forcing anyone to mask, given the substantial and robust evidence base showing conclusively that masks don’t work, was an indefensible policy decision. But specifically forcing children to mask was decidedly much, much worse.

And not just because it was a pointless exercise in pandemic theater, with zero evidence of efficacy.

But because it was actively causing harm too, as a new study shows.

New Study Confirms Harms of Masking Children

A new study co-authored by Tracy Beth Høeg delves into the side effects of masking, a subject completely ignored by experts and politicians desperate to exert control over individual behavior.

And in their discussion, it’s immediately obvious why their research and conclusions will be completely ignored by the mainstream media.

“There is a lack of robust evidence of benefit from masking children to reduce transmission of SARS-CoV-2 or other respiratory viruses,” they explain.

Couldn’t have said it better myself.

The highest quality evidence available for masking children for COVID-19 or other viral respiratory infections has failed to find a beneficial impact against transmission. Mechanistic studies showing reduced viral transmission from use of face masks and respirators have not translated to real world effectiveness.

Identified harms of masking include negative effects on communication and components of speech and language, ability to learn and comprehend, emotional and trust development, physical discomfort, and reduction in time and intensity of exercise.

It’s a masterpiece. No notes.

As the Cochrane Library review explained, as the data shows, as decades of accumulated evidence confirmed: Masks Don’t Work. For anyone, but especially for children, who could not wear or use masks properly, even if they were shown to have worked. Which they did not.

Experts demanded and politicians mandated that they wear them anyway, based on speculation, hope, and mechanistic studies that were conclusively disproven. And the harms were remarkable.

“Negative effects on communication and components of speech and language.”

“Ability to learn and comprehend.”

“Emotional and trust development, physical discomfort, and reduction in time and intensity of exercise.”

Just, you know, the basic building blocks of human development that children need to grow as well-adjusted, physically and mentally healthy teenagers and adults.

As Høeg and the other authors explain, this necessarily means that forcing children to mask fails any objective standard of harms and benefits.

Effectiveness of child masking has not been demonstrated, while documented harms of masking in children are diverse and non-negligible and should prompt careful reflection. Recommendations for masking children fail basic harm-benefit analyses.

Their next section is a complete dismantling of the CDC and the US public health bureaucracy, how they handled Covid, and how poor an example this sets for future pandemics.

In many locations in North America, children as young as two years of age were required to wear face masks daily for multiple consecutive hours, both indoors and outdoors, in school and childcare settings [1], [2]. This stood in stark contrast to European countries where masking was never recommended for children under the age of six and, in many countries, never under age twelve [3]. The United States Centers for Disease Control and Prevention (CDC)’s child masking recommendations deviated substantially from international guidelines [3], [4], [5]. The CDC continues to recommend masks for children down to age two in certain settings [1], [6], and this is in the absence of strategies for exiting these restrictions. In the event of a future public health threat, clear and consistent communication from public health officials about the criteria that will be used to withdraw temporary public health recommendations while data are gathered could serve to ease public anxiety, lessen distrust, and facilitate a return to a more normal life wherein ineffective recommendations are promptly discarded.

It’s a calm, thorough demolition of the incompetence and authoritarianism of the US public health establishment.

They repeat that there is no evidence to support masking children and explain that there is no real-world evidence showing the effectiveness of child mask mandates, with zero randomized controlled trials conducted to determine whether masking kids would prevent the spread of Covid. It’s inexcusable to mandate a policy with no evidence, but even worse considering the demonstrable harms.

“Speech, language, and learning: Humans rely on visual information provided by a speaker’s face to decode speech. Seeing mouth movements and facial gestures accelerates recognition of words and enhances speech comprehension [12], [19], [20], [21]. The integration of audio and facial information is crucial to speech perception and development. Visually impaired children often have delays in speech and language development [22], which may be due, at least in part, to reduced ability to perceive,” they write.

Masks prevent children from learning, from seeing mouth movements to facial gestures. They fundamentally detract from a child’s ability to develop speech and language. Among many other problems covered in the full study.

These harms were well-known before Covid. This isn’t new information, and it’s obvious common sense. So why did public health authorities ignore it, in favor of promoting evidence-free policies and mandates?

There are few reasonable explanations: panic, fear, or incompetence. Likely some combination of all three.

Forcing their absurd, fatalistic, hyper-safetyism on adults was and is one thing. Imposing it on children is another. And their refusal to admit they were wrong meant the growth and development of kids were most certainly harmed and stunted for years, while ensuring that there would be terrified, misinformed parents who would continue to force their kids to wear masks indefinitely.

When you consider those consequences, rationality fades, and a disturbing likelihood of malicious intent becomes a lot more realistic.

Republished from the author’s Substack

GLOBAL ISSUES

MARK CRISPIN MILLER

Since 2022, 38 YouTube influencers have ‘died suddenly’ worldwide; 15 badly sickened

Mark Crispin MillerOct 5

READ IN APP

UNITED STATES

Tyrannical former YouTube CEO Susan Wojcicki dies at 56 — fought to crack down on free speech online

August 10, 2024

Susan Wojcicki, the former CEO of YouTube, has passed away at the age of 56 after a two-year battle with cancer. “It is with profound sadness that I share the news of Susan Wojcicki passing,” Susan’s husband, Dennis Troper announced. “My beloved wife of 26 years and mother to our five children left us today after 2 years of living with non small cell lung cancer.”

Link

Upgrade to paid

Paul Harrell, YouTuber and gun rights activist, dies

September 4, 2024

Paul Harrell, a renowned gun rights activist and firearms expert, passed away in Tuesday. The announcement came shortly after Harrell’s brother released a video indicating that his time was running short. Harrell had over a million YouTube subscribers. In July 2023, Harrell announced his diagnosis of Stage 2 pancreatic cancer.

No age reported.

Also,…

YouTuber Paul Harrell announces own death after losing cancer battle at 58, ‘If you’re watching, I’m dead’. Harrell, whose YouTube channel boasts over 1.1 million subscribers, was diagnosed with Stage 2 pancreatic cancer in July last year.

Link and Link

Nonfatal:

YouTuber Joey Graceffa shares skin cancer diagnosis

August 9, 2024

Joey Graceffa [33], a YouTuber known for his vlogs and lifestyle videos, shared that he was diagnosed with basal cell carcinoma. In a TikTok video Thursday, Graceffa said he has had a red mark on his nose for almost two years. Recently, Graceffa said he noticed the mark had scabbed over and a doctor conducted a skin biopsy and determined it was cancer. The creator, who has over 9.3 million subscribers on YouTube, said his doctor suggested he undergo Mohs surgery, which involves cutting thin layers of affected skin in an effort to remove the cancer. Graceffa said he is also considering natural treatments and radiation.

Several other prominent YouTubers have also publicly shared their journeys navigating cancer diagnoses in the past year. In May 2023, VidCon co-founder and vlogger Hank Green shared that he was diagnosed with Hodgkin lymphoma, a type of cancer that attacks the lymphatic system. He announced in an X post three months later that he was in “complete remission.”

Comedic YouTuber Grace Helbig announced in July 2023 that she was diagnosed with breast cancer. She shared that she completed treatment in an Instagram post in February.

Link

Nonfatal:

Bunnie XO makes rare admission about ‘health scare’ worries

August 9, 2024

Bunnie XO opens up about health scare on her podcast

Bunnie XO made a rare confession about her recent ‘health scare‘, following a medical emergency. The 44-year-old YouTube sensation, who is married to Jelly Roll, opened up on her Dumb Blonde podcast about struggling with constant headaches. Recounting an instance from the past when she sought medical advice for the first time, Bunnie said the doctors told her she had a brain aneurysm. Bunnie said she was shocked to discover “one of [her] biggest fears coming to fruition”.

Link

Nonfatal:

YouTuber Jonathan Morrison on his health battle: “It hurt to be awake, it hurt to be asleep”

June 28, 2024

If you’ve been tuned into the tech YouTuber space, you probably know Jonathan Morrison. But fans grew concerned when he stopped putting out regular content amid a health crisis. So what happened to Jonathan? Here’s what we know. Jonathan posted a detailed YouTube video on June 17, 2024, breaking down his health struggles over the past year, though his health issues had begun before then. In a situation he described as being “trapped for 10 months with no escape,” Jonathan explained how a mix of shingles, eye scarring, and nerve damage had completely overturned his life, to the point that he “lost everything.”

No age reported.

Link

Star YouTuber’s cause of death released days after ‘unfortunate accident’

June 12, 2024

A cause of death has been released for YouTuber Ben Potter, known as Comicstorian, just days after his wife revealed he died in an “unfortunate accident.” The Colorado State Patrol (CSP) issued a statement to People confirming that Potter died last Saturday in a single-vehicle car crash at around 9:19 a.m. local time. Potter “was southbound on I-25 at milepost 267.5 when his silver Toyota 4Runner traveled off the right shoulder of the interstate. He continued to cross over the frontage road paralleling the interstate before rolling his vehicle multiple times,” the release said. Though Potter was wearing his seatbelt during the accident, he ultimately “succumbed to injuries from the crash while at the scene.” Potter was the only occupant of the vehicle. Though an investigation is ongoing, officials don’t believe that excessive speed or intoxication were factors in the tragic episode.

No age reported.

Link

Beloved YouTube singer-songwriter Mark Gormley dead at 67

June 3, 2024

Mark Gormley, the Florida-based singer and songwriter whose songs went viral on YouTube and even inspired a “Weird Al” Yankovic impression, has died. Gormley passed away at a hospital in his hometown of Pensacola, Florida, on Friday, May 24, according to an online obituary. He was 67. A cause of death was not disclosed.

Link

Nonfatal:

Michael Strahan’s daughter Isabella’s heartbreaking cancer treatment side effect

May 23, 2024

Michael Strahan ‘s daughter, Isabella Strahan, is candidly sharing the challenges she’s facing as she undergoes cancer treatment, including the distressing side effect of memory loss. Isabella posted on Tuesday to her YouTube channel an update on her health after being diagnosed with a brain tumor known as medulloblastoma in January.

Link

Nonfatal:

John Phillips’ daughter Chynna Phillips fearfully announces she has 14-inch tumor

April 27, 2024

Chynna Phillips recently shared a heartbreaking health update with her fans. The renowned singer bravely opened up about her medical condition during a heartfelt video that she shared on her YouTube channel on Tuesday, April 23, which she captioned, “My Worst Fear Came True.” ‘“I have a tumor in my left leg. I’ve had it since I was a little girl. They don’t know if I was born with it or not. It’s totally benign, but it is large, and I’m talking very, very large,” Phillips stated. “It’s like 14 inches long and 4 inches wide.”

No age reported.

Link

Nonfatal:

YouTuber Ninja diagnosed with cancer at 32 after spotting warning sign on foot

March 27, 2024

Professional gamer and YouTuber Ninja, also known as Tyler Blevins, revealed that he was diagnosed with melanoma . The 32-year-old wrote on Twitter: “Alright I’m still in a bit of shock but want to keep you all updated. A few weeks ago I went in to a dermatologist for an annual skin/mole check that Jess proactively scheduled for me.” During the appointment, the doctors noticed a mole on his skin which can indicated cancer.

Link

Beauty YouTuber dead at 36 after cervical cancer battle

March 19, 2024

The YouTube community is reeling from the loss of one of its beloved members, Jessica Pettway, a vibrant personality known for her beauty, fashion, and lifestyle content. On March 11, Jessica tragically lost her battle with stage three cervical cancer at the age of 36, leaving behind a legacy of positivity and resilience that touched the hearts of many.

Link

YouTuber Twomad dies suddenly aged 23

February 15, 2024

Los Angeles, CA – YouTube star Twomad, real name Muudea Sedik, has died at the age of 23. The creator was best known for making videos centred around gaming and community news. Twomad was found unresponsive at his home in Los Angeles by emergency services after a welfare check was requested, following days of silence from the 23-year-old. Twomad rose to prominence on YouTube in 2018 when he began sharing clips of himself commentating video game streams. He later moved to comedic skits, and currently has over 2 million subscribers on his account. No foul play is suspected in his death.

No cause of death reported.

DR PAUL ALEXZANDER

https://twitter.com/i/status/1842578046081282531

NEWS

WATCH LIVE: President Trump returns to site of assassination attempt in Butler for historic rally

October 6, 2024

NEWS

WATCH: Idiot pro-Hamas activist screams in agony after he sets his arm on fire outside White House

October 6, 2024

White House Karine Jean-Pierre told a BIG FAT LIE about Biden using FEMA aid for illegals and here’s the PROOF

NEWS

White House Karine Jean-Pierre told a BIG FAT LIE about Biden NOT using FEMA aid for illegals and here’s the PROOF

October 5, 2024

NEWS

Hezbollah successor to Nasrallah suddenly out of contact after Israeli strike

October 5, 2024

NEWS

You won’t believe what Secretary Blinken just posted…

October 5, 2024

NEWS

🔥BOOM!🔥 – Gov @RonDeSantis calls out the House GOP for allowing Biden’s DHS to waste FEMA money on illegals

October 5, 2024

NEWS

WATCH LIVE: President Trump holds town hall in North Carolina at 7PM

October 5, 2024

NEWS

FEMA is seizing shipments of goods so they can distribute them AS THEIR OWN

October 4, 2024

NEWS

WATCH: Joe Biden outright lies to reporter about hurricane victims

October 4, 2024

NEWS

BRREAKING: Elon Musk will be at historic Trump rally this weekend

October 4, 2024

EVOL NEWS

Elon Musk to Attend Trump Rally at Site of Attempted Assassination – EVOL READ MORE…

LATEST NEWS:

SLAY NEWS

Children 6 Times More Likely to Die after Covid ‘Vaccine’A damning study has identified a shocking 500% surge in deaths among children who have been “vaccinated” for Covid with mRNA shots.READ MORE

Doctors Warn of ‘Alarming’ Surge in Heart Attacks Among Healthy Young Americans Doctors are warning of an “alarming” surge in heart attacks among healthy young Americans as new data shows the numbers are skyrocketing.READ MORE

Social Media Star Lucas Coly Dies Suddenly at 27 Social media star Lucas Coly has reportedly died suddenly at the age of 27.READ MORE

Elon Musk to Attend Trump’s Rally in Butler at Location of 1st Assassination Attempt X boss Elon Musk has confirmed that he will appear at President Donald Trump’s rally in Butler, Pennsylvania.READ MORE

Biden Gets Emotional While Accepting ‘Global Citizen’ Award, Tells Hillary Clinton ‘I Love You’Lame-duck President Joe Biden became emotional while accepting the Global Citizen Award during the Clinton Global Initiative Summit.READ MORE

Michael Cohen Asks Supreme Court for Permission to Sue Trump for ‘Retaliation’President Donald Trump’s former lawyer-turned-enemy, Michael Cohen, has called on the Supreme Court to request permission to sue his former boss for alleged government “retaliation.”READ MORE

CBS Pundit: Jack Smith’s ‘Unusual’ Jan 6 Brief ‘Interferes’ with Trump’s Right to a Fair Trial Special Counsel Jack Smith is “interfering” with President Donald Trump’s right to a fair trial, a legal pundit for left-wing CBS has admitted.READ MORE

Doug Emhoff Allegations Spell Doom for Kamala Harris Democrat presidential nominee Kamala Harris finds herself at the center of a fresh controversy following serious allegations against her husband, Doug Emhoff.READ MORE

Israel’s UN Ambassador Warns Iran’s Nuclear Program Must Be ‘Stopped’ Before It’s ‘Too Late’Israel’s Ambassador to the United Nations Danny Danon has issued a chilling warning about Iran’s nuclear ambitions.READ MORE

MSNBC: Voters ‘Unsure’ about Kamala Harris Because Americans Are ‘Gender Biased’An MSNBC panel has told viewers that voters are “unsure” about supporting Democrat presidential nominee Kamala Harris because the American people are “gender biased.”READ MORE

CNN Commentator: Corporate Media Accepts Tim Walz Is ‘Too Dumb to Tell the Truth’A CNN commentator has asserted that the corporate media is giving Tim Walz a free pass on multiple lies because Democrat-aligned “journalists” simply accept that he’s “too dumb to tell the truth.”READ MORE

Sunny Hostin Claims Melania ‘Cannot Tolerate’ Trump and ‘Wants to Take Him Out’: ‘She Hates Him’“The View” co-host Sunny Hostin has made stunning claims about former First Lady Melania Trump.READ MORE

Trump Vows to ‘Absolutely’ Deport All Haitian Migrants from Springfield Ohio President Donald Trump has declared that he plans to “revoke” the protected status of Haitian migrants living in Springfield, Ohio, and “absolutely” deport them all “back to their country.”READ MORE

Cancer Patients Report Miraculous Recoveries from Ivermectin Treatment Cancer patients have been leaving doctors stunned after making miraculous recoveries from taking ivermectin.READ MORE

22-Year-Old Fitness Coach Suffers Sudden ‘Widow Maker’ Heart Attack A 22-year-old fitness coach is lucky to be alive after she was suddenly struck by a deadly “widow maker” heart attack while she was driving.READ MORE

Jill Biden Withdraws from Campaigning for Harris as Resentment Lingers over Democrats’ Betrayal The betrayal of President Joe Biden by several top Democrats has opened a deep rift that doesn’t show any signs of healing.READ MORE

Former Ukraine Impeachment Witness Gordon Sondland Flips, Declares Support for Trump Gordon Sondland, one of the witnesses who testified against President Donald Trump during the Ukraine impeachment saga, has just made a major political U-turn.READ MORE

Kamala Harris’ Husband Doug Emhoff Paid ‘Hush Money’ to His Kids’ Nanny Democrat presidential nominee Kamala Harris’s husband Doug Emhoff reportedly paid out “hush money” after he was caught cheating on his ex-wife when he impregnated his children’s nanny.READ MORE

Federal Judge Blocks Biden’s Latest Student Loan Forgiveness Plan Lame-duck President Joe Biden’s latest plan to wipe the student debt of college-educated voters has been blocked by a federal judge.READ MORE

Utah State Women’s Volleyball Cancels Game over Large Male Player on Opposing Team Utah State has become the latest women’s volleyball team to cancel a game against San Jose State University (SJSU) over the inclusion of a towering 6’1″ male player.READ MORE

Black Lives Matter Leader Jailed for 4 Years for Stealing Donation Money A Black Lives Matter (BLM) leader has been sentenced to four years in prison after he was found guilty of stealing donation money to fund his lavish lifestyle.READ MORE

28-Year-Old Journalist Dies of ‘Turbo Brain Cancer’Thais Belém, a prominent Brazilian journalist and model, has tragically died at just 28 years old.READ MORE

Most New Yorkers Want Democrat Mayor Eric Adams to Resign over Corruption Scandal, Poll Shows Most New York City residents say they want their scandal-ridden Democrat Mayor Eric Adams to resign after he was indicted on federal criminal corruption charges, a new poll has revealed.READ MORE

Harris Campaign Takes Huge Hit as Hispanic Support for Democrats Plunges New polling data have exposed a major plunge in support for Democrats among Hispanic voters.READ MORE

NEWS ADDICTS

WATCH: Idiot pro-Hamas activist screams in agony after he sets his arm on fire outside White House

Melinda DaviesOctober 6, 20241 Comment

What an idiot. A pro-Hamas activist screamed in agony tonight after he set his arm on fire outside the White House using some type of fuel.

Video shows the man’s arm fully engulfed in flames as the man screams in pain.

The man was trying to self immolate but law enforcement and people at the protest quickly rushed to put his arm out. He was then taken to the hospital.

Here’s the video:

WATCH: Idiot pro-Hamas activist screams in agony after he sets his arm on fire outside White House

Another video shows the idiot yelling “we spread the misinformation.” The New York Post says the man claimed he was a journalist or something.

WATCH: Idiot pro-Hamas activist screams in agony after he sets his arm on fire outside White House

Japan Raises Alarm over ‘Shocking’ Covid Vaccine Discovery Japan’s leading experts and top politicians have issued a chilling warning after making “shocking” discoveries about the Covid mRNA vaccine that have been pushed onto the public.READ THE FULL REPORT

Man arrested for trying shoot up Jewish Temple in Minneapolis near Oct 7th anniversary A man in Minneapolis showed up to a Jewish Temple on Thursday with a gun but then ran away before he could be apprehended after he saw security present.READ THE FULL REPORT

WATCH: Kamala Harris completely EVADES question about Netanyahu on 60 minutes Kamala Harris is on 60 Minutes tonight and she was asked why Israeli Prime Minister Bibi Netanyahu isn’t doing what she and Biden want him to do.READ THE FULL REPORT

WATCH: Hillary Clinton says the quiet part out loud on social media moderation Yesterday Hillary Clinton was on MSNBC and actually called for the repeal of Section 230.READ THE FULL REPORT

WATCH: SNL went savage on Tim Walz’s debate performance…The cast of Saturday Night Live went savage on Tim Walz’s debate performance last night and it’s actually pretty funny. Watch below: BREAKING: SNL just went savage on Tim Walz’s disastrous VP debate performance. DOUG EMHOFF: “Tim will be fine. It’s not like he’s gonna say something crazy.” TIM WALZ: “I’ve become friends with school shooters!” pic.twitter.com/esLOpdATc1 — The Vigilant …READ THE FULL REPORT

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

“Israel Will Respond In The Manner Of Our Choosing, At The Time And Place Of Our Choosing”

by Tyler Durden

Monday, Oct 07, 2024 – 12:05 PM

By Jane Foley, senior FX strategist at Rabobank

A Year On

Israel today marks the first anniversary of the attack by Hamas. Around 1,200 people were killed on that day and around 250 hostages were taken, some of whom remain in captivity. In the ensuing assault on Gaza, tens of thousands have died, according to Palestinian officials, and the world continues to live in the shadow of fear of an escalating regional conflict. The BBC is reporting this morning that Israel’s raids into Lebanon appear to have intensified. Yesterday, Israel’s defense minister was reported as stating that the country’s response to last week’s Iranian missile attack on Israel would come “in the manner of our choosing, at the time and place of our choosing” adding that “at the moment, everything is on the table.”

https://twitter.com/TreyYingst/status/1842975718122381424

As the market continues to await Israel’s response to last week’s Iranian missile strike, oil prices have edged below Friday’s highs. Last week’s spike in Brent prices was the largest since January 2023 as concerns about Iranian involvement in the conflict sparked concerns about potential supply issues. Reports that Iran has re-directed oil shipments to China because of Western sanctions means that any impact on the oil price from tomorrow’s re-opening of Chinese markets will be watched carefully. Chinese markets have been closed for a week-long holiday since October 1. Notwithstanding further signs of escalation in the Middle East conflict, risk appetite was buoyed on Friday by signs of continued resilience in the US economy.

Friday’s US labor report no longer signaled US recession fears and most remaining hopes that the Fed could follow up September’s rate cut with another 50 bps move next month. US equity indices closed in the green on Friday, though futures have moved lower this morning. The Bureau of Labour Statistics reported that 254K jobs were created in September well above the 150K market consensus. Additionally, the unemployment rate ticked lower to 4.1% while average earnings reported a stronger than expected 0.4% m/m increase. The earnings component was interesting considering Fed Chair Powell’s August statement that “it is unlikely that the labor market will be a source of elevated inflationary pressure any time soon.” This had been interpreted by the market as meaning that inflation risks were no longer the focus of policymakers and attention had been firmly switched to the labor component of the Fed’s dual mandate.

Not all Fed officials share Powell’s confidence on the inflation front. Bowman recently commented that price pressures remain “uncomfortably above the committee’s 2% goal” while Barken repeated that it was too early to declare victory on inflation. Indeed, last week’s rise in oil prices, if sustained, would bring a fresh inflation risk. That said, Friday’s reopening of East Coast and Gulf Coast ports (at least for now), does remove another potential inflation shock.

Both Treasury yields and the USD rose to their highest levels since August on the back of Friday’s payrolls report as market expectations switched to a more moderate pace of Fed easing in the coming months. The confluence of both economic and geopolitical news meant it was difficult to assess with precision how much of the move may have been related to safe-haven demand. Even so, the market is facing the next round of US data with far more confidence about the relative strength of the US economy.

7.OIL PRICES/GAS PRICES/OIL ISSUES

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

CANADA

END

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

EURO VS USA DOLLAR: 1.0974 UP 0.0008

USA/ YEN 148.36 DOWN 0.052 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 AGAIN OCT 2024/Bank of Japan raises rates by .15% to 1.15..UEDA ENDS HIKING RATES AND NOW CARRY TRADES RE INVENTS ITSELF//

GBP/USA 1.3083 DOWN 19

USA/CAN DOLLAR: 1.3583 UP 0.0025 (CDN DOLLAR DOWN 25 BASIS PTS)

Last night Shanghai COMPOSITE CLOSED

Hang Seng CLOSED

AUSTRALIA CLOSED UP .74%

// EUROPEAN BOURSE: ALL MOSTLY GREEN EXCEPT GERMANY

Trading from Europe and ASIA

I) EUROPEAN BOURSES: ALL MOSTLY GREEN EXCEPT GERMANY

2/ CHINESE BOURSES / :Hang SENG CLOSED

/SHANGHAI CLOSED

AUSTRALIA BOURSE CLOSED UP .74%

(Nikkei (Japan) CLOSED UP 697.12POINTS OR 1.80%

INDIA’S SENSEX IN THE RED

Gold very early morning trading: 2657.70

silver:$31.97

USA dollar index early FRIDAY morning: 102.28 UP 0 BASIS POINTS FROM THURSDAY’s CLOSE.

MONDAY MORNING NUMBERS ENDS

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And now your closing MONDAY NUMBERS 1: 30 AM

Portuguese 10 year bond yield: 2.770% UP 4 in basis point(s) yield

JAPANESE BOND YIELD: +0.919% up 1 AND 4/ 10 BASIS POINTS /JAPAN losing control of its yield curve/

SPANISH 10 YR BOND YIELD: 3.016 UP 5 in basis points yield

ITALIAN 10 YR BOND YIELD 3.565 UP 4 points in basis points yield ./ THE ECB IS QE’ ING ITALIAN BONDS (BUYING ITALIAN BONDS/SELLING GERMAN BUNDS)

GERMAN 10 YR BOND YIELD: 2.255 UP 4 BASIS PTS

END

IMPORTANT CURRENCY CLOSES FOR MONDAY

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

Euro/USA 1.0979 UP .0014 OR 14 basis points

USA/Japan: 148.02 DOWN 0.386 OR YEN IS UP 39 BASIS PTS//

Great Britain 10 YR RATE 4.248 UP 9 BASIS POINTS //

Canadian dollar DOWN .0028 OR 28 BASIS pts to 1.3576

xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx

The USA/Yuan, CNY ON SHORE CLOSED XXXX (ON SHORE)

THE USA/YUAN OFFSHORE: (YUAN CLOSED (DOWN)…. (7.0991)

TURKISH LIRA: 34.25 EXTREMELY DANGEROUS LEVEL/DEATH WATCH/HYPERINFLATION TO BEGIN.//ON DEATH WATCH

the 10 yr Japanese bond yield at +0.904

Your closing 10 yr US bond yield UP 13 in basis points from FRIDAY at 3.988% //trading well ABOVE the resistance level of 2.27-2.32%)

USA 30 yr bond yield 4.265 UP 9 in basis points /11:00 AM

USA 2 YR BOND YIELD: 3.930 UP 22 BASIS PTS.

GOLD AT 11;00 AM 2648.50

SILVER AT 11;00: 32.19

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

London: CLOSED UP 82.99 PTS OR 0.28%

German Dax : CLOSED DOWN 16.83 OR 0.09%

Paris CAC CLOSED UP 34.66 PTS OR 0.46%

Spain IBEX CLOSED UP 55.30 OR 0.50%

Italian MIB: CLOSED UP 220.40 OR 0.66%

WTI Oil price 75.99 12 EST/

Brent Oil: 79.28 12:00 EST

USA /RUSSIAN ROUBLE /// AT: 96.10 ROUBLE UP 1 AND 10/100

GERMAN 10 YR BOND YIELD; +2.255 UP 4 BASIS PTS.

UK 10 YR YIELD: 4.248 UP 111 BASIS POINTS

CDN 10 YEAR RATE: 3.292 UP 6 BASIS PTS.

CDN 5 YEAR RATE: 3.104 UP 6

CLOSING NUMBERS: 4 PM

Euro vs USA 1.0970 UP 0.0005 OR 5 BASIS POINTS

British Pound: 1.3082 DOWN 0.0021 OR 21 basis pts

BRITISH 10 YR GILT BOND YIELD: 4.210 UP 8 BASIS PTS//

JAPAN 10 YR YIELD: 0.919

USA dollar vs Japanese Yen: 148.08 DOWN 0.336 BASIS PTS//

USA dollar vs Canadian dollar: 1.3630 UP 0.0072 CDN dollar DOWN 72 BASIS PTS

West Texas intermediate oil: 77.26

Brent OIL: 81.11

USA 10 yr bond yield UP 5 BASIS pts to 4.027

USA 30 yr bond yield UP 4 BASIS PTS to 4.304%

USA 2 YR BOND: UP 7 PTS AT 3.999

CDN 10 YR RATE 3.269 UP 4 BASIS PTS

CDN 5 YEAR RATE: 3.092 UP 5 BASIS PTS

USA dollar index: 102.28 UP 1 BASIS POINTS

USA DOLLAR VS TURKISH LIRA: 34.25 GETTING QUITE CLOSE TO BLOWING UP/

USA DOLLAR VS RUSSIA//// ROUBLE: 96.20 DOWN 0 AND 44/100 roubles

GOLD 2,643.95 3:30 PM

SILVER: 31.71 3:30 PM

DOW JONES INDUSTRIAL AVERAGE: DOWN 398.51 PTS OR 0.94%

NASDAQ DOWN 234.28 PTS OR 1.17%

VOLATILITY INDEX: 22.89 UP 3.66 PTS OR 16.33%

GLD: $244.17 DOWN .83 OR 0.20%

SLV/ $28.93 DOWN .43 OR 1.46%

end

USA AFFAIRS

USA TRADING TODAY IN GRAPH FORM:

Crypto & Crude Jump; Bonds & Stocks Dump Amid Weather, War, & App Store Worries

Monday, Oct 07, 2024 – 04:00 PM

A quiet macro day was dominated by domestic weather horrors, foreign war escalations, and tech monopoly tumult.

As the anniversary of the Oct 7 attacks hit, more missiles flying in the MidEast sent crude prices higher with WTI above $77 for the first time since mid-August (from three year lows) and fears about Gulf refinery impacts from Milton also spurred prices higher)…

Source: Bloomberg

On a domestic bigger picture, the ‘rates-growth tango’ – as Goldman’s Chris Hussey calls it – appears to be back as the payrolls beat has sent yields dramatically higher… and that is weighing on stocks (less rate-cuts, higher costs of funding, lower struck Fed put).

Source: Bloomberg

Rate-cut expectations are tumbling (less than 2x 25bps cuts now priced in by year-end and less than 4 more cuts next year now)…

Source: Bloomberg

All the US majors were ugly today, with futures dumped at the European open and accelerating lower as the GOOGL judgment hit…

Mag7 stocks were weighed down by anxiety ahead of Tesla’s Robotaxi day and also by GOOGL getting hit with an app store injunction (ordering the tech giant to open its app store to competition).

Source: Bloomberg

‘Most Shorted’ stocks were hammered today, erasing all of Friday’s squeeze gains…

Source: Bloomberg

Friday’s bond bloodbath continued today with the short-end once again underperforming (2Y +8bps, 30-Y +5bps)…

Source: Bloomberg

The yield curve (2s10s) briefly inverted once again this morning…

Source: Bloomberg

With 2Y and 10Y yields both topping 4% once again…

Source: Bloomberg

The dollar went nowhere today, oscillating in a very tight range after Friday’s spike…

Source: Bloomberg

Gold also traded in a narrow range, falling slightly on the day…

Source: Bloomberg

Bitcoin saw two major buying legs in today’s price action, lifting it up to $64,5000 before tech was hit by GOOGL headlines (and that weighed on crypto)…

Source: Bloomberg

Finally, forgive us for keep pointing this out but USA sovereign risk won’t stop rising…

Source: Bloomberg

Of course, only a racist would tie together that surge in the world’s perception of Washington’s weakness and the “polls” telling everyone that Kamunism is killing it…

MORNING TRADING/

AFTERNOON TRADING///

II USA DATA

III USA ECONOMIC NEWS

A terrific read on the total incompetence of the Biden Harris team since they took office in 2021: they have brought the world closer to WW III.

(Fleitz.American Greatness)

The Biden/Harris Doctrine’ Has Brought The World Closer To World War III

Friday, Oct 04, 2024 – 08:05 PM

Authored by Fred Fleitz via American Greatness,

By a strange turn of fate, on October 1, 2024, the day that Iran launched the largest ballistic missile attack ever against Israel, Foreign Affairs magazine published an article by Secretary of State Antony Blinken in which he claimed “the Biden administration’s strategy has put the United States in a much stronger geopolitical position today than it was four years ago” and that Iran is being held in check.

A year earlier, Foreign Affairs published another tragically erroneous article by National Security Adviser Jake Sullivan, which said, “Although the Middle East remains beset with perennial challenges, the region is quieter than it has been for decades.” Six days after this article was posted, Hamas launched a sneak attack against Israel, massacring more than 1,200 people and maiming and injuring many more. In a stunning violation of journalistic ethics, Foreign Affairs allowed Sullivan to revise his article after the Hamas terrorist attack. Here is a link to the original version.

In these articles, Biden officials are trying to rewrite history by manufacturing false narratives of a successful Biden national security doctrine that they claim has enhanced U.S. and global security.

This is, of course, preposterous. Not only has there been a huge increase in global instability since Donald Trump left office in January 2021, the Biden-Harris administration has brought the world closer to World War III because of an increased chance Russia could use nuclear weapons against Ukraine, the real prospect of an Israel-Iran War, a new Russia-China-Iran-North Korea Axis, a growing chance that China will attack Taiwan, and other current and potential crises.

Several Biden allies have tried to invent a so-called Biden Doctrine since 2021. Most made fatuous claims that Biden was reversing the damage done by President Trump to the country’s alliances, deterrence, and global leadership despite clear evidence that Trump strengthened alliances and had a successful foreign policy that brought global stability and kept U.S. troops out of new wars. Others asserted that Biden “restored trust abroad for the U.S.,” a claim that many U.S. allies would dispute. Several experts, including Blinken and Sullivan, wrote that President Biden enhanced American foreign policy by strengthening the American economy. The huge advantage that Donald Trump currently has in the polls over Kamala Harris on the economy proves this isn’t true either.

In January 2024, New York Times columnist Thomas Friedman wrote an article titled, “A Biden Doctrine for the Middle East Is Forming. And It’s Big” on a supposed new Biden Middle East peace initiative to quickly end the Hamas/Israel war. Under this plan, the Biden administration would bring peace to the Middle East with a tough stand on Iran, push for recognition of a Palestinian state, and greatly scale up the U.S. security alliance with Saudi Arabia. None of these things happened. Instead, Middle East security has deteriorated in 2024 to the worst level in decades.

If there is a Biden/Harris national security doctrine, it is a doctrine of abysmal failure. There are four reasons for this.

Incompetence.

The Biden/Harris approach to U.S. national security has been dominated by profound incompetence. It was clear to the world at the start of Biden’s presidency that Joe Biden was not mentally fit to be U.S. commander-in-chief. This was obvious at a Biden-Putin summit in Geneva in June 2021, when Biden’s incoherent and doddering performance made him look weak to a huge global audience while Putin came off as competent and confident.

This was just part of many public displays of national security incoherence and confusion by this administration. This included Biden’s insults to the Saudi Crown Prince early in his administration, hostility toward the Egyptian government, mishandling of U.S. relations with China, and the disastrous U.S. withdrawal from Afghanistan. Biden undermined a key diplomatic mission to China by his secretary of state in 2023 by calling Chinese President Xi a dictator just after this trip. There has been little serious diplomacy between the U.S. and Russia and China. Biden has not spoken to Russian President Vladimir Putin since February 2022 and has closed off the possibility of high-level talks with the Russian leader by calling him a war criminal and likening Putin to Hamas.

Biden’s worst foreign policy faux pas probably was when he made the bizarre statement in January 2021 that the U.S. might tolerate a “minor incursion” of Ukraine by Russia. A month later, Russia launched a massive invasion of Ukraine.

His extremely weak top national security advisers have exacerbated the effect of Biden’s mental decline on U.S. foreign policy: Vice President Kamala Harris, Secretary of State Antony Blinken, National Security Adviser Jake Sullivan, and Defense Secretary Lloyd Austin. This group does not include foreign policy geniuses like Henry Kissinger, James Baker, George Schultz, George Marshall, or Dean Acheson. It is a collection of third-string officials chosen to not outshine Biden.

Biden’s national security incompetence and mental decline have not gone unnoticed by world leaders. Russian officials frequently ridicule Biden over his mental health. The Wall Street Journal reported in October 2022 that Saudi Crown Prince Mohammed bin Salman mocked Biden in private and “made fun of his mental acuity.”

The perception of a mentally infirm American president with an incoherent foreign policy and surrounded by a weak foreign policy team has significantly damaged American and global security. Not only has this eroded American leadership and deterrence, Biden officials are now routinely ignored in global affairs. When Joe Biden calls for cease-fires in Gaza and Lebanon or tells Israel not to attack Iran’s nuclear sites, no one takes him seriously.

Knee-jerk rejection of Trump and his foreign policy successes.

Trump-hatred has been a significant theme of Biden’s foreign policy, especially at the start of this administration. This led to several irrational and dangerous policy decisions.

Biden officials condemned and tried to reverse most of Trump’s foreign policies, even successful ones. These include Biden’s decision in May 2021 to reverse Trump’s sanctions that shut down the Nord Stream 2 pipeline built to transport Russian gas to Germany. In February 2021, Biden lifted Trump’s designation of Yemen’s Houthi rebels as a terrorist group. The Biden administration was forced to partially reverse this decision in January 2024 after the Houthis began firing Iran-supplied missiles at Israel and ships in the Red Sea.

President Biden also ended President Trump’s diplomacy with North Korean leader Kim Jong Un and downgraded U.S. diplomacy with the country by naming a part-time special envoy. This led to an increase in North Korean belligerence and the largest number of North Korean missile tests in a single year in 2022.

Other knee-jerk reversals of Trump policies include resuming funding for and rejoining the United Nations Relief and Works Agency (UNRWA), which Trump officials cut off because of this organization’s anti-Israel bias and collaboration with and funding of Hamas. The Biden administration also rejoined the UN Educational, Science, and Cultural Organization (UNESCO) and the United Nations Human Rights Council (UNHRC), which the Trump administration withdrew from due to anti-Israel bias.

In addition, the Biden administration rejoined the World Health Organization that the last administration withdrew from due to its mishandling of the COVID-19 pandemic, its refusal to hold China accountable for the origin and spread of the COVID-19 virus, and China’s control of this international organization.

Naïve globalist and far-left policies.

Related to the Biden administration’s reversal of successful Trump administration foreign policies has been the implementation of many naïve globalist and far-left policies that have hurt American global interests.

The first and most significant of these policies was Biden’s decision to designate climate change as the top threat to U.S. national security and to concentrate American diplomacy on this issue.

President Biden also decided to rejoin the Paris Climate Accord on his first day in office. I am sure that Chinese leaders have been very pleased that most Biden administration diplomatic missions to Beijing were sent to discuss climate goals that China never intends to meet instead of more serious issues such as growing military threats from China, Chinese threats to Taiwan, Chinese aggression in the South China Sea, China’s growing nuclear arsenal, intellectual property theft by China, origins of the COVID-19 virus, etc.

President Biden and Vice President Harris have promoted the moribund two-state solution for Middle East peace and the creation of a Palestinian state over the objections of the Israeli government. They continued to press for a two-state solution even after the Hamas massacre of Israelis on October 7, 2023.

The Biden/Harris administration also resumed the Obama administration’s appeasement of Iran in an attempt to negotiate a new nuclear agreement. This included refusing to enforce oil sanctions against Iran, which made the country an estimated $100 billion richer than it was when President Trump left office. In September 2023, the Biden administration agreed to pay Iran $6 billion in ransom to free five innocent Americans imprisoned in Iran. Iran has used this windfall to expand its military missile and nuclear programs. These funds also were sent to support Iran’s terrorist proxies, including Hamas, Hezbollah, and the Houthi rebels.

The Biden administration has alienated many countries by using U.S. diplomats and diplomatic facilities to promote far-left positions on social issues. This includes flying Black Lives Matter and LGBTQ pride flags at U.S. embassies and U.S. ambassadors meddling in the politics of their host nations to promote liberal views on social issues. In June 2023, the U.S. diplomatic mission to the Vatican flew an LGBTQ pride flag outside its building in Rome. According to a Heritage Foundation report, the Biden administration has used U.S. Agency for International Development funds to promote far-left gender ideology and diversity, equity, and inclusion in the Third World.

Biden officials have also tried to reform the United Nations to make it “fair” for the Third World by changing the membership of the U.S. Security Council and the use of the council’s Permanent Member veto. These proposals would have weakened American power and influence in the U.N. Fortunately, they could not be implemented due to opposition from China and Russia.

Arrogance and lack of situational awareness.

Another unfortunate characteristic of the so-called Biden/Harris national security doctrine has been instances of Biden officials ignoring the views and assumptions of other states and assuming that other states would automatically abide by or defer to the wishes of the Biden administration.

This was demonstrated by the abysmal mishandling of Russian President Putin before he ordered Russian troops to invade Ukraine in February 2022. Although Putin gave plenty of indications that he would never agree to Ukraine joining NATO and objected to Ukraine working with NATO, Biden ignored him and dangled NATO membership before Ukrainian President Zelensky. As Russia made preparations to invade Ukraine, the Biden administration threatened to respond with tough sanctions and to begin sending lethal aid to Ukraine. Although Putin probably was also motivated to invade Ukraine by the disastrous U.S. withdrawal from Afghanistan, Biden and his national security team miscalculated in believing Putin would defer to empty warnings from Biden not to invade and threats of new U.S. sanctions.

There have been many examples of arrogance and lack of situational awareness in the Biden administration’s Middle East policy. In addition to examples of this previously discussed, there are the weird warnings of “don’t” by Biden and Harris to Iran and its terrorist proxies not to engage in hostilities against Israel after the October 7, 2023, Hamas terrorist attack. This strange, incoherent one-word directive had no effect in lowering tensions in the Middle East and further undermined American deterrence in the region.

There has been similar arrogance in the Biden administration’s claims about promoting alliances. Although Biden officials deserve some credit for forming and strengthening alliances (such as AUKUS, the trilateral security partnership between Australia, the U.K., and the U.S.), most of the improvements in alliances were the work of other states in response to the Biden administration’s policy failures.

For example, NATO is stronger today in response to a war in Ukraine that the Biden administration helped cause and mostly due to the work of European NATO members.

Similarly, although President Biden helped promote a closer trilateral security relationship between the U.S., Japan, and South Korea, this relationship was mainly the work of Japanese Prime Minister Fumio Kishida and South Korean President Yoon Suk Yeol in response to the Biden administration ignoring the Asia-Pacific region in 2021 and 2022. Kishida and Yoon devoted a lot of time to building this alliance and put their reputations on the line. Biden played a very minor role.

President Trump was right when he said the Biden/Harris national security policies are so bad that they have brought us closer to nuclear war and World War III. The American people see this in the increasingly dangerous security situations in the Middle East and the Russia/Ukraine War. When most Americans cast their votes for president this fall, they will not be fooled by a fantasy Biden/Harris national security doctrine promoted by Biden officials and their allies to explain away one of the worst foreign policy records of any U.S. administration.

END

FEMA RESPONDS AND THEY ARE LYING

Phillips/EpochTimes)

FEMA Issues Warning On False Helene ‘Rumors’, Launches Response Page

by Tyler Durden

Saturday, Oct 05, 2024 – 01:25 PM

Authored by Jack Phillips via The Epoch Times (emphasis ours),

The U.S. Federal Emergency Management Agency (FEMA) released a “rumor response” page in the aftermath of Hurricane Helene, which caused significant damage across western North Carolina late last month.

In an update on Oct. 3, FEMA responded to statements issued online about the agency’s response to the disaster, including whether it is running out of funding due to payments and efforts made to fly illegal immigrants into parts of the United States.

“FEMA has enough money right now for immediate response and recovery needs. If you were affected by Helene, do not hesitate to apply for disaster assistance as there is a variety of help available for different needs,” the agency wrote.

It also said that “no money is being diverted” from federal Helene disaster response efforts and that claims that “funding for FEMA disaster response was diverted to support international efforts or border related issues” are “false.”

The agency did not provide specific examples of the online claims about its funding that it described as false.

Earlier this week, Texas Gov. Greg Abbott wrote that Homeland Security Secretary Alejandro Mayorkas, the Department of Homeland Security, and FEMA should “immediately stop spending money on illegal immigration resettlement and redirect those funds to areas hit by the hurricane” and “put Americans first.”

He was responding to Mayorkas’s comments to reporters that FEMA, overseen by his agency, “does not have the funds” to make it until the end of the 2024 Atlantic hurricane season, which is Nov. 30.

“We are meeting the immediate needs with the money that we have,” Mayorkas told a press gaggle on Air Force One. “We are expecting another hurricane hitting. We do not have the funds. FEMA does not have the funds to make it through the season and … what is imminent.”

The Epoch Times contacted DHS and FEMA for comment on Friday but received no reply by publication time.

“The Biden–Harris administration took more than a billion tax dollars that had been allocated to FEMA for disaster relief and used it to house illegal aliens,” Rep. Jim Jordan (R-Ohio) wrote on X. “Now, they’ve abandoned American hurricane victims in North Carolina, Georgia, Florida, South Carolina, and Tennessee.”

Rep. Tim Burchett (R-Tenn.) echoed that claim, saying FEMA’s move to spend “over a billion dollars on illegals while they leave Americans stranded and without help is treasonous.”

Another claim purportedly circulating online was that FEMA was asking for cash donations and is turning away volunteers in North Carolina. But FEMA’s website says it is false.

“FEMA does not ask for or generally accept any cash donations or volunteers for disaster response,” the agency wrote. “We do encourage people who want to help to volunteer with or donate cash to reputable voluntary or charitable organizations. After a disaster, cash is often the best way to help as it provides the greatest flexibility for these reputable organizations working on the ground to purchase exactly what is needed.”

https://www.ganjingworld.com/embed/1h38gp3a7lh2lqVbmXniiwT5N1hi1c

The American Red Cross, meanwhile, wrote in a lengthy post on X that allegations the organization is throwing away or confiscating donated items is not true.

“We are not confiscating, removing or discarding donated items. We focus on providing shelter, food, and relief after disasters,” the Red Cross wrote. “While we don’t accept physical donations, as managing them takes time and resources away from our mission, we work with community partners who are better equipped with these resources to handle and distribute these items. For information on where donated goods are available, please call 211.”

It also addressed claims that the Red Cross is not available in North Carolina or is “taking over shelters.”

“We do not forcefully take over shelters. However, we do provide management support at the request of partners,” the organization said, adding that the claims it isn’t there are “simply not true.”

The death toll from Helene is at least 215, making it the deadliest storm to hit the United States since Hurricane Katrina in 2005.

END

A MUST VIEW:

The Vigilant Fox on X: “Colonel Douglas Macgregor is ‘MAD AS HELL’ Over Biden-Harris’ Treasonous Hurricane Response Every American needs to hear this. “Our good countrymen and women are being left to fend for themselves while the government bends over backward for illegal immigrants, criminal https://t.co/7zKgmaDGKT” / X

He is not wrong

https://x.com/VigilantFox/status/1842270991742795927

END

Democrats are now in the hot seat. next storm approaching

(zero hedge)

Katrina-Like Disaster Unfolds For Biden-Harris As New Round Of Tropical Trouble Takes Aim At Florida

Monday, Oct 07, 2024 – 06:01 AM

Update (Sunday):

Milton was upgraded to a Category 1 hurricane on Sunday as it churns in the Gulf of Mexico and poses a major threat to the western coast of Florida.

Latest forecast models.

Massive evacuations are underway across Florida.

10 Shocking Stories the Media Buried Today #10 –

@glennbeck

exposes how useless FEMA is in Asheville, NC. First, he discovered that the FEMA crew was stationed OFF the main road, making them hard to find. Next, FEMA admitted, “We got here yesterday,” a full week late. Then, a FEMA crew member told Beck that they have a “great” app, but nobody has internet in the area. Beck asked how victims are supposed to find FEMA’s location, and they replied, “That would be the news media’s job.” The thing is, nobody has functioning TVs. Then FEMA urged residents to listen to the radio in their cars for updates, the same cars that were washed away from the flood. One crew member told Beck, “We actually go door to door.” Beck then asked, “When will that start?” The crew member replied, “That’s way above my head. Do you want to talk to my crew lead?” Finally, the crew leader comes in and admits to Beck, “We don’t necessarily go door to door.” THIS is what failure looks like. Earlier today,

@ElonMusk

said, “FEMA is not merely failing to adequately help people in trouble, but is actively blocking citizens who try to help!” Musk posted this after a SpaceX engineer helping on the ground in North Carolina wrote to him, “The big issue is FEMA is actively blocking shipments and seizing goods and services locally and locking them away to state they are their own. It’s very real and scary how much they have taken control to stop people helping.” (See More Revealing Stories Below)

FLORIDA OFFICIAL: “I highly encourage you to evacuate. We are preparing for the largest evacuation that we have seen most likely since 2017, Hurricane Irma.” https://t.co/YfDfxTeDFF pic.twitter.com/E27W7GBMWL— Breaking911 (@Breaking911) October 6, 2024

Hurricane Helene has passed, leaving a trail of destruction across the US Southeast, and the Biden-Harris administration’s relief response with FEMA has been nothing short of a massive failure. Meanwhile, another storm is brewing in the Gulf of Mexico, which could potentially usher in another round of tropical trouble for the US East Coast next week.

10 Shocking Stories the Media Buried Today

#10 – @glennbeck exposes how useless FEMA is in Asheville, NC.

First, he discovered that the FEMA crew was stationed OFF the main road, making them hard to find.

Next, FEMA admitted, “We got here yesterday,” a full week late.

Then, a… pic.twitter.com/BN6rPxO6Ko— The Vigilant Fox 🦊 (@VigilantFox) October 4, 2024

“Development of this system is expected, and a tropical depression or storm is likely to form later today or on Sunday while it moves slowly eastward over the southwestern Gulf of Mexico,” the National Hurricane Center wrote in a Saturday morning update, adding, “By early next week, the system is forecast to move faster eastward or northeastward across the central and eastern Gulf of Mexico where additional strengthening is likely.”

NHC continued, “Interests on the Yucatan peninsula of Mexico, the Florida Peninsula, the Florida Keys, and the northwestern Bahamas should monitor the progress of this system.”

Formation chances are extremely high over the next 48 hours…

https://twitter.com/NWSMelbourne/status/1842532211360497846?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%

Oct 5th, 7:30am | Broad low pressure in the SW Gulf now has a 90% chance of tropical development. Locally heavy rain leading to instances of flooding is still the main threat. If a storm develops, other severe hazards would be possible by midweek. #FLwx pic.twitter.com/CwxAbGU64S— NWS Melbourne (@NWSMelbourne) October 5, 2024

Weather models show a consensus view of the storm’s potential track over central Florida.

Meanwhile, Homeland Security Secretary Alejandro Mayorkas told reporters last week that FEMA “does not have the funds” to see Americans through the rest of this Atlantic hurricane season. The federal agency drained the funds on supporting millions of illegal aliens the Biden-Harris rolled out the red carpet to via open southern borders.

https://twitter.com/RepAndyBiggsAZ/status/1841921709881884731?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7C

Alejandro Mayorkas—along with the entire Biden-Harris regime—provides aid and comfort to illegal aliens while claiming there’s no funding for American citizens.

The Republican-controlled House voted to continue funding his salary mere weeks ago.https://t.co/TTxR8N2FYK— Rep Andy Biggs (@RepAndyBiggsAZ) October 3, 2024

https://twitter.com/VigilantFox/status/1842242335838519365?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm

Homeland Security Secretary Alejandro Mayorkas previously warned that FEMA was in danger of running out of disaster funds. Now, some Republicans are claiming that money for disaster relief was spent on migrant assistance. The agency says that is untrue: https://t.co/Pe9l6jYGOu pic.twitter.com/z24Fe0Dshg— NewsNation (@NewsNation) October 4, 2024

BREAKING: FEMA whistleblowers have revealed a treasonous misuse of taxpayer funds. Pre-disaster aid for Hurricane Helene was withheld, leaving first responders and service members in hotels, waiting for orders that never came. Matt Gaetz is now blasting Alejandro Mayorkas, saying, “FEMA has wasted taxpayer money, misused funds, and left federal, state, and local responders without the orders they needed to act.” Gaetz also confirms that “hundreds, if not thousands, of service members were deployed to North Carolina by the Department of Defense and have been sitting idle, waiting for FEMA.” To make matters worse, Gaetz points out that FEMA funds were used by NGOs to buy airline tickets for migrants, even though the money was meant for disaster relief. He stresses, “The aftermath of Hurricane Helene is a major disaster, and your waste and lack of preparation are leaving Americans in distress—without food, water, or medicine, and no help in sight.” Gaetz is demanding answers by October 11, 2024, asking Mayorkas to explain how much of FEMA’s budget has been diverted to services for illegal immigrants instead of being used to help Americans in need.

🚨 BREAKING: FEMA whistleblowers have revealed a treasonous misuse of taxpayer funds.

Pre-disaster aid for Hurricane Helene was withheld, leaving first responders and service members in hotels, waiting for orders that never came.

Matt Gaetz is now blasting Alejandro Mayorkas,… pic.twitter.com/r5XUoUEuMe— The Vigilant Fox 🦊 (@VigilantFox) October 4, 2024

🇺🇸 Homeland Security Secretary Alejandro Mayorkas said Wednesday that FEMA lacks the necessary funds to fully support recovery efforts following Hurricane Helene, which has claimed more than 160 lives.https://t.co/MgwgrYbJ6A pic.twitter.com/imsx1LQXcl— Ground News (@Ground_app) October 3, 2024

Also, FEMA’s botched response is another shitstorm playing out for the Biden-Harris administration.

Just yesterday…

https://twitter.com/zerohedge/status/1842268759458816362?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwter

SpaceX Engineer In North Carolina Has Dire Warning: Biden-Harris’ FEMA “Actively Blocking Shipments” For Relief https://t.co/aydr7R3wrd— zerohedge (@zerohedge) October 4, 2024

“Joe Biden was at the beach when the hurricane came ashore. VP Harris was raising money w/ celebrities before staging a plane photo op. I promise you if a Republican were in the WH there would be no political restraint, just as there was none after Katrina,” CNN pundit Scott Jennings wrote on X.

Joe Biden was at the beach when the hurricane came ashore. VP Harris was raising money w/ celebrities before staging a plane photo op. I promise you if a Republican were in the WH there would be no political restraint, just as there was none after Katrina. pic.twitter.com/K8LjX6Sd6U— Scott Jennings (@ScottJenningsKY) October 5, 2024

The Biden-Harris team of far-left radicals is overwhelmed by the growing list of disasters. Another hurricane to hit the US Southeast, or if WW3 erupted in the Middle East, would prove devastating because the people in charge are not actually leaders but, instead, Marxist propagandists. That’s why the world is on fire. That’s why FEMA drained funds for illegals and prioritized globalist policies over America First.

Americans are waking up in droves just weeks before the election about the Biden-Harris admin (Rich Men North Of Richmond) inability to lead a nation.

A Katrina-like disaster has unfolded for the Biden-Harris admin, and things could worsen if another storm strikes the US Southeast.

Flashback: Obama blasts Bush for not immediately visiting New Orleans following Hurricane Katrina

(Bush waited 3 days, versus 7 for Biden w/ Helene) pic.twitter.com/PeIAhMDcav— Tom Elliott (@tomselliott) October 3, 2024

Well, the tables have flipped. Democrats are now in the hot seat.

end

Tren De Aragua Gang Members Nabbed In Huge Raid On San Antonio Apartment Complex

Monday, Oct 07, 2024 – 05:45 AM

A combined city-state-federal raid on a San Antonio apartment complex said to be under the “control” of the notorious Tren de Aragua gang yielded 20 arrests and detentions on Saturday, including “confirmed” members of the Venezuelan gang, police said.

The pre-dawn raid was a joint operation carried out by more than 150 officers of the San Antonio Police Department, Texas Department of Public Safety, FBI, Homeland Security Investigations, ATF, and the Texas Anti Gang Unit. Officers swept through some 300 vacant units at the Palatia Apartments, a complex on the city’s north side, about a mile west of the airport and just east of the Harmony Hills residential subdivision.

**Two men detained by police who raided a northside San Antonio apartment complex on Saturday morning** (SBG Photo via *News4SA*)

“We had information that members of the transnational gang Tren de Aragua were in control of the area and committing various crimes,” San Antonio Police Chief Bill McManus told reporters at a press conference at a nearby parking lot across a street from Casa Sol, a popular Tex-Mex restaurant frequented by families and business diners alike. The alleged rash of crimes included human trafficking, drug law violations and threats made against apartment employees.

“We’ve confirmed that four Tren de Aragua members are in custody. One TDA member is a confirmed enforcer for that gang,” said McManus, using a term that describes someone responsible for ensuring subordinates adhere to the gang’s rules and orders. Of the arrestees, 16 were Venezuelans.

A News4SA reporter on the scene described hearing flash-bang grenades being deployed as the raid was launched around 4:45 am, noting…

“There are 900 apartments in this complex. We’re told by federal law enforcement sources that most of the apartments are housing migrants. We’re also told that janitors and those who work here fear for their safety, and that of other migrants who have nothing to do with the Venezuelan prison gang.”

On September 16, Texas Gov. Greg Abbott declared Tren de Aragua a foreign terrorist organization and ordered the Texas Department of Public Safety (DPS) to launch a statewide operation to target the gang. “We will not let them use Texas as a base of operations to terrorize our citizens,” Abbott told reporters. “They have a target on their back, and we are going after them. Texas is the wrong state for them to try to do business in.”

The characterization of the gang having asserted “control” of the San Antonio complex echoes infamous video imagery that emerged from an Aurora Colorado apartment complex in August. Those videos showed gang members roaming The Edge at Lowry complex with rifles and pistols. Much as the San Antonio criminals were said to have threatened employees of the complex, police say gang members in Aurora threatened to kill property managers at a second complex, Whispering Pines.

Seemingly in a nod to the alarming developments in Colorado, police named the San Antonio initiative targeting the gang “Operation Aurora.” The undertaking tapped intelligence gathered by undercover police operating inside a Migrant Resource Center located less than 2 miles south of the Palatia Apartments, News4SA reports.

That migrant center has itself been the center of great concern, with upwards of hundreds of thousands of migrants cycling through it in the last year or so. The center is located immediately adjacent to a residential area, and neighbors have described unnerving interactions with migrants roaming their streets, approaching children, attempting to enter occupied vehicles, and using yards as bathrooms, laundries and dressing areas.

“You see them day and night looking for a place to dispose of their waste,” a resident told KENS 5. “The walls are there, so they go. There’s feces and urine, and the stench is terrible. People are taking off their clothes off and hanging them in trees to dry.”

Speaking near the Palatia Apartments targeted on Saturday, Chief McManus warned Tren de Aragua that the battle against the gang was only just beginning: “Even though we are finished here at the complex, we are not done. We are on to you, and we are coming for you…This is just the first one we’re hitting. We’ve got other places we’re going to hit.”

It could be a long and protracted fight. “Tren de Aragua gangsters are like cockroaches,” said Texas DPS Director McCraw in September. “They multiply quickly; small intrusions into communities become infestations if not aggressively pursued. These Venezuelan thugs are highly combative, violent, and certainly adaptable.”

The influx of Venezuelan gang members is a growing concern among citizens and officials in cities and states across the country, and could have a decisive influence in next month’s general election. A new Marquette Law School poll found that voters in the battleground state of Wisconsin say Trump is the better candidate to address immigration, by a substantial 49-to-37% margin.

END

Trump Trouncing Kamala In Key Battleground States After Sudden Polymarket Surge

Monday, Oct 07, 2024 – 11:45 AM

While mainstream polling has Donald Trump and Kamala Harris “essentially tied” across seven key battleground states, betting markets – which can be more accurate than public polls according to Rutgers statistics professor Harry Crane, have shown a massive and recent surge for Trump.

According to Polymarket, late last week Trump began surging in Michigan, while picking up a Monday bump in Arizona and Pennsylvania.

According to The Hill, Harris’ lack of traction with unionized blue-collar workers ‘has emerged as one of her biggest challenges’ when it comes to winning key states such as Michigan and Pennsylvania.

“Trump’s tariffs and get-rid-of-the-immigrants [message] is a very attractive kind of proposition to people who feel like their jobs were taken abroad, and Trump gets some credit from union guys for breaking with the free-trade consensus,” said progressive activist Bob Borosage, who says Harris needs to spend more time promoting her economic agenda to working-class voters. (lol)

We noted the shift in Michigan late last week, which continued through the weekend.

https://twitter.com/zerohedge/status/1842613684482297887

Even the NY Times notes that Harris’ edge in Pennsylvania in mainstream polling could be fake news, as “The poll average could even be so stable in part because many pollsters are using heavy-handed statistical techniques that reduce the variance of their results from poll to poll but that increase the risk of systematic errors,” adding “Systematic polling errors — in which one side does better than expected, across the board — have been common in recent cycles.”

In 2016 and 2020, the polls underestimated Mr. Trump just about everywhere. If it happened again this cycle, he would claim an easy victory. On the other hand, the 2022 polls underestimated Democrats in most key states. If it happened again, it would be Ms. Harris who claimed a victory. -NYT

Meanwhile back at the ranch, Ipsos polling from late last week of the seven swing states reveal Trump doing better than Harris in various key metrics.

For starters, battleground voters are more than twice as likely to see the vice president as in thrall to the political establishment than they are the former president.

Thirty-five percent of respondents believe Harris is part of the current system, while just 16% make the same assertion about Trump.

And though voters believe Harris is the establishment candidate, they also discount her lack of experience compared with the former president, again by a more than 2-to-1 spread.

A whopping 47% of respondents credit Trump with more experience; just 21% believe Harris is the more seasoned selection — a seemingly damning dismissal of her nearly four years in office.

Beyond the impressions, a number of issues play to the former president’s strength, not least of which is immigration.

By 48% to 33%, battleground voters trust Trump over Harris to handle the undocumented aliens whose presence has multiplied amid a porous border and diffident enforcement from the Biden-Harris administration. With 1 in 3 voters seeing immigration as a top-three issue, this is a meaningful metric.

On war and terrorism, Trump is also the pick: 42% of voters favor his approach, while 32% believe Harris is better suited to handle global conflict. –NY Post

And here’s Polymarket…

END

Consumer cracks: credit card debt suddenly plunges

(zerohedge0

Consumers Crack: Credit Card Debt Suddenly Plunges Most Since Covid As APRs Hit Record High

Monday, Oct 07, 2024 – 03:49 PM

Last month, we – and many others – were stunned when after several months of progressively declining revolving credit growth, in July credit card debt unexpectedly soared by the most since January, sending total consumer credit growth surging by just under $27 billion, the single biggest monthly increase since 2022. We called it a “Last Hurrah” moment (literally “In “Last Hurrah”, Credit Card Debt Unexpectedly Soars Despite Record High APRs As Savings Rate Hits Record Low“) and said that “with consumers ever more strapped for actual cash and equity, as the personal savings rate in the US collapses from over 5% to 2.9% – the lowest since the Lehman bankruptcy – in just one year, as all the excess savings from covid are long gone there is only so much more credit card maxing out that can take place before reality finally sets in.“

One month later, reality has set in with a bang, because just a month after a bizarre surge in revolving credit, the Fed reported that in August, total consumer credit growth plunged by more than half to just $8.9 billion, below the $12 billion estimate…

… but while non-revolving credit which is far less volatile and much more stable, grew $10.3 billion, a big drop from the previous month’s $16 billion, if still the 2nd highest monthly increase of 2024 …

… the punchline is that the much more consumer-outlook sensitive revolving credit reversed all of its July surge and then some, as August saw the biggest revolving credit drop since the covid crash!

And what is especially notable is that just days before the Fed’s first rate cut since the covid crash, where Powell telegraphed an econ panic with his “jumbo” rate cut, the average rate on all credit cards in the US just hit a new high of 21.76%, up from 21.51%.

It will be very interesting to see if APRs drop next month when we get the update for September, after the Fed’s rate cut, because one month ago we made a prediction that while deposits and savings rates immediately dropped, interest rates on debt – such as credit card APRs – will barely budge (if not keep rising).

https://twitter.com/i/status/1836507622746264009

Finally, in light of the collapse in credit card funded spending, we can stop pretending that the government’s recent fabrication of savings data, which was upwardly “revised” from a record low 2.9% to a nice and balmy 4.8%, is even remotely credble.

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

iiiC USA COVID //VACCINE ISSUES/IMPORTANT MEDICAL ISSUES

end

END

FREIGHT ISSUES/USA/

END

VICTOR DAVIS HANSON OR NEWT GINGRICH/TUCKER CARLSON

SWAMP STORIES

KING REPORT

The King Report October 27, 2024 Issue 7342

Independent View of the News

The much stronger than expected September Employment Report, including wages, makes the Fed look foolish and like Team Obama-Harris concubines.  (‘Whores’ is appropriate. King’s College: “Concubinage is a state of cohabitation that lacks the sanctions of marriage…”)

Obama Economic Director Larry Summers @LHSummers: Today’s employment report confirms suspicions that we are in a high neutral rate environment where responsible monetary policy requires caution in rate cutting. With the benefit of hindsight, the 50-basis point cut in September was a mistake, though not one of great consequence. With this data, “no landing” as well as “hard landing” is a risk the federal reserve has to reckon with.  Nominal wage growth remains well above pre-COVID levels and it does not appear to be decelerating.

NFP 254k, 150k expected, August revised to 159k from 142k; July revised to 144k from 89k; Mfg. -7k, Wages 0.4% m/m & 4.0% y/y, 0.3% m/m & 3.8% y/y expected.

But wait!  The BLS concocted the stronger than expected NFP by reducing the September seasonal adjustment from -178k in 2023 to -72k for September 2024. That’s +106k fictious jobs! (Table B-1)

https://www.bls.gov/news.release/empsit.t17.htm

Here’s the math of the deceit: September 2023 NFP NSA 156,845 adjusted to 156,667, -178k adjustment; September 2024 NFP NSA 159,177 adjusted to 159,105, -72k adjustment.

The BLS’s hokey Birth/Death Model is -128k for September 2024. It was -111k for Sept. 2023. That’s 17k fewer jobs than in 2023. 106k NFP from SA -17k B/D jobs = net of +89k jobs fictitious jobs.

Leisure & Hospitality +78k with Food services & drinking places +69.4k; Gov’t +31k; Retail +15.6; Construction +25k; Healthcare +45.2k; Social assistance +26.5k; Workweek 34.2, 34.3 exp & prior  https://www.bls.gov/news.release/empsit.t17.htm

Unemployment Rate 4.1%, 4.2% expected and prior; Employed +430k, Unemployed -281k; Labor Force Participation Rate 62.7% as expected and prior; Employment-Population Ratio +0.2 to 60.2%.
https://www.bls.gov/news.release/empsit.a.htm

In the Household Survey, Table A-8, government jobs soared 785k SA, the biggest gain on record.
https://www.bls.gov/news.release/empsit.t08.htm

Multiple job holders hit an all-time high of 8.659m.
https://cms.zerohedge.com/s3/files/inline-images/multiple%20jobholders%20oct%2024.jpg?itok=T_TYj6c0

Chicago Fed President, Obama BFF, and chief Fed political lackey said the strong report does NOT change his forecast of more rate cuts because it’s only one report. This is a signal to Wall Street to keep buying stocks, the Fed will have your back – at least until the election.

Stanley Druckenmiller: “I hope the Fed is not trapped by forward guidance the way they were in 2021…GDP above trend, corporate profits strong, equities all-time high, credit very tight, gold new high. Where’s the restriction?”  https://finance.yahoo.com/news/druckenmiller-wary-fed-next-move-140204791.html

@DeItaone: SEPTEMBER PAYROLLS COULD BE REVISED LOWER – The surprising increase in payrolls is likely to be revised lower, Pantheon’s Samuel Tombs says in a note about today’s 254,000 print, an increase from August’s 159,000 that beat estimates of 150,000. The spike “goes against the grain of a wide range of indicators pointing to a continued pullback in hiring,” Tombs says, adding that only 62% of the businesses in the sample filed responses on time for the estimate, down from 68% a year ago. “We think that small businesses are disproportionately late responders and are cutting back on hiring more than large businesses.”

Payroll Survey responses have been collapsing: ~83% in 2016, now 62%!
https://x.com/MauiBoyMacro/status/1842258946159194484/photo/1

A reporter asked Biden about Sen. Rubio’s claim that the September jobs report was fake. Biden: “I am going to be very careful here… The jobs numbers… are real; they are sincere.”
https://x.com/TrumpWarRoom/status/1842268045970133265

@Geiger_Capital: You’re witnessing the best economy $4.2 Trillion in new debt in 15 months can buy.
https://x.com/Geiger_Capital/status/1842191100834205847

Global Food Prices Jump Most In 18 Months as Supermarket Inflation Storm Worsens
The Food and Agriculture Organization of the United Nations’ Food Price Index, which tracks the international prices of a basket of globally traded food, averaged 124.4 in September, up 3% from August and 2.1% higher versus the same month one year ago…
https://www.zerohedge.com/commodities/global-food-prices-jump-most-18-months-supermarket-inflation-storm-worsens

When the September Employment Report was released, someone immediately drove ESZs 37 handles higher to a daily peak of 5803.25 at 8:56 ET. Sellers then took over; ESZs sank to 5749.50 at 10:28 ET.

ESZs and stocks then commenced a stair-step rally that accelerated with the final hour manipulation. ESZs hit a new daily high of 5804.75 at 15:57 ET.

Bonds declined sharply on Friday. It’s harder to rig the bond market and it does NOT garner headlines on evening news shows like the stock market does.

JPMorgan CEO Jamie Dimon, who had repeatedly stated that he would NOT endorse anyone for POTUS, denied a Trump Truth Social post that Dimon endorsed Trump.

Positive aspects of previous session
Stocks rallied, led by Fangs and trading sardines; AMD +5.1% near close; TSLA +3.91%; S&P new high

Negative aspects of previous session
Oil & gasoline rallied sharply again; USZs were -1 21/32 at 8:28 ET and bounced modestly later

Ambiguous aspects of previous session
What are the ramifications of Japan already halting its rate cuts?

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

Pivot Point for S&P 500 Index [above/below indicates daily trend to traders]: 5735.70
Previous session S&P 500 Index High/Low: 5753.21; 5702.83

FEMA whistleblower details ‘waste’ of taxpayer funds and staff waiting in hotels during Hurricane Helene – Whistleblowers said that FEMA responders have been without orders and ‘idle‘
    The letter also alleges ‘hundreds if not thousands’ of first responders and service members have been ‘without deployment orders’ with some waiting around in hotels while others ‘have sat idle’ as Americans throughout the southeast are in dire need… Over the last two years, FEMA has handed out more than $1 billion taxpayer dollars to specifically support illegal migrants with housing…
    But now there’s no money to help out the 150,000 American citizens who have reached out for federal assistance after their homes were damaged by Hurricane Helene…
https://www.dailymail.co.uk/news/article-13925109/FEMA-whistleblowers-waste-taxpayer-funds-staff-waiting-hotels-Hurricane-Helene.html

Unbelievable clip from late Thursday night: Reporter: “What do the states in the storm zone need… after what you saw today?” BIDEN: “Oh, storm zone? I didn’t know which storm you’re talking about. They’ve Gotten Everything They Need. They’re very happy, across the board.” https://t.co/Yzu74Y9Qkr

@elonmusk on Friday: Just received this note from a SpaceX engineer helping on the ground in North Carolina.  FEMA is not merely failing to adequately help people in trouble, but is actively blocking citizens who try to help! “Hey Elon, update here on site of Asheville, NC. We have powered up two large operating bases for choppers to deliver goods into hands. We’ve deployed 300+ starlinks and outpour is it has saved many lives. The big issue is FEMA is actively blocking shipments and seizing goods and services locally and locking them away to state they are their own. It’s very real and scary how much they have taken control to stop people helping. We are blocked now on the shipments of new starlinks coming in until we get an escort from the fire dept. but that may not be enough.”

FEMA abandons devastated NC town residents because they can’t drive around ‘road closed’ sign: ‘Nobody’s been bringing in supplies except civilians’
https://nypost.com/2024/10/06/us-news/fema-abandons-residents-of-devastated-nc-town-because-of-road-closed-sign/

@greg_price11: Karine Jean-Pierre just said it is “categorically false” that FEMA uses it’s funding to resettle illegal aliens. This is in spite of the fact that it is literally advertised directly on FEMA’s website. https://t.co/UhBXmRQN5b
     @Jkylebass: @KJP46 has proven…time and time again, that she is an intentional liar and a world-champion gaslighter. She has brought dishonor and distrust to the United States. KJP will go down amongst the worst to have ever held the position.

@ReallyRowdyRed: FEMA Training Director says they are concerned about faith-based shelters misgendering “migrant transwomen.” THIS, is their priority… https://t.co/ngR1z1jNxf

@joma_gc: EXPLOSIVE new audio of veteran Democrat strategist James Carville trashing the Harris campaign: “You’re lying about people’s lives…What the f— are you people doing? Get off your ass! NOW! NOW!” https://x.com/joma_gc/status/1842232604847648968

Sec of State @SecBlinken: The US is at the forefront of humanitarian response to the growing crisis in Lebanon, announcing nearly $157 million in assistance today. We are committed to supporting those in need and delivering essential aid to displaced civilians, refugees and the communities hosting them.
    Fox’s @BillMelugin_: Absolutely insane tone deafness to post this right now.

Various reports on Friday said Israel is not in a rush to attack Iran. Experts opine that the IDF’s immediate goal and task is to destroy Hezbollah.

Emails show early US concerns over Gaza offensive, risk of Israeli war crimes
https://www.reuters.com/world/middle-east/emails-show-early-us-concerns-over-gaza-offensive-risk-israeli-war-crimes-2024-10-04/

@nypost: Trump urges Israel to take out Iran nuclear facilities, rips Biden for urging Jewish state to show restraint (“Hit the nuclear first and worry about the rest later.”)

@BarakRavid: Netanyahu: Iran is behind all the threats against us. They launched hundreds of missiles against us in one of the biggest attacks in history. No country in the world would accept such an attack – Israel will not accept it either. Israel has the duty and the right to defend itself and respond to such attacks – and this is what we are going to do.

@IsraelRadar_com: Harsh Israeli message to France: PM Netanyahu responds to President Macron’s call for arms embargo on Israel with strong words: “What a disgrace… Israel will win with or without their support, but their shame will continue long after the war is won.”

@IsraelRadar_com on Sat: Military action on 2 fronts: Israel launches fresh wave of strikes on Hezbollah nerve center in Beirut; in parallel, powerful airstrikes reported in northern Gaza as IDF forces launch ground operation in the area. via @N12News

@ragereports: Israeli airstrikes tonight on the Dahiyeh suburb in southern Beirut reportedly targeted a significant underground weapons depot used by Hezbollah. The precision strikes are said to have completely destroyed the facility, triggering multiple secondary explosions.
https://x.com/ragereports/status/1842685862636556685

@NEWSMAX: New York City is expecting protests over the weekend and into next week to mark one year since Hamas’ Oct. 7 attack on Israel.

Democratic fears emerge on Wisconsin Senate race
Sen. Tammy Baldwin’s (D-Wis.) lead in both public and internal polls has deteriorated, and Republicans are flooding the state with cash to pull off the upset… Baldwin leads by just two points in internal Democratic polling… Multiple Democratic sources told Axios there are “alarm bells” ringing in the state.
https://www.axios.com/2024/10/04/wisconsin-senate-race-baldwin-hovde

@EricLDaugh: Trump opens up 7 POINT LEAD in latest Rasmussen daily (overnight) national poll
https://x.com/EricLDaugh/status/1842279176021184707

@BenLaBolt: I don’t know who needs to hear this, but if you’re complaining from the sidelines about the campaign and not picking up a shovel and helping, you aren’t doing it right. A month to go, everything on the line …
@greg_price11: Interesting tweet from the current White House Comms Director. Trouble in paradise?
How did 50K dockworkers strike at US ports with only 25K jobs?
That’s because half of the dockworkers at the East and Gulf coast ports are allowed to sit at home collecting “container royalties” negotiated decades ago to protect against job losses that result from innovation, according to The Wall Street Journal…   https://trib.al/MwjLvkK

Today – Traders will play for the Monday Rally. After another early tumble on Friday, traders ignored the ‘strong’ September Employment Report and persistently bought ESZs, Fangs, and trading sardines. The action on Friday strongly suggests that traders do NOT fear the downside. They also believe that Fed officials will NOT speak too hawkish with only 4 weeks to the election.

Finally, numerous traders believe that ‘they’ cannot allow stocks to sink before the US General Election on November 5. So, the usual suspects will buy dips and play the upside, barring impact negative news. PS – How much will Team Obama-Harris juice the economy over the next 4 weeks?

ESZs are -2.50; NQZs are -13.50; WTI Oil is -0.35, and USZs are +1/32 at 20:15 ET.

Expected economic data and events: Aug Consumer Credit $13.4B; Minn Fed Pres Kashkari 13:50 ET

S&P Index 50-day MA: 5554; 100-day MA: 5493; 150-day MA: 5376; 200-day MA: 5254
DJIA 50-day MA: 40,962; 100-day MA: 40,174; 150-day MA: 39,701; 200-day MA: 39,309
(Green is positive slope; Red is negative slope)

S&P 500 Index (5751.07 close) – BBG trading model Trender and MACD for key time frames
Monthly: Trender and MACD are positive – a close below 5033.40 triggers a sell signal
Weekly: Trender and MACD are positive – a close below 5392.06 triggers a sell signal
Daily: Trender and MACD are positive – a close below 5619.56 triggers a sell signal
Hourly: Trender and MACD are positive – a close below 5696.00 triggers a sell signal

@RNCResearch: BIDEN (COOKED): “The strength of the American economy uh, uh, is, uh, uh, it’s about the strength of the American economy.”  https://x.com/RNCResearch/status/1842266821291848158

Reuters: President Joe Biden said on Friday he would think about alternatives to striking Iranian oil fields if he were in Israel’s shoes, adding he thinks Israel has not yet concluded how to respond to Iran.
(Oil and gas pared their gains on The Big Guy’s attempt to arrest gas prices into the election,)

@greg_price11: Reporters yell questions at Joe Biden, who looks completely dead inside, as Karine Jean-Pierre desperately tries to get them to stop. This is insane.  https://x.com/greg_price11/status/1842270729846309261

@KingsleyCortes: Joe Biden just made his first appearance in the White House briefing room, 1,353 days after taking office. (Joe’s appearance was unscheduled, and it surprised the media.)

@TrumpWarRoom: CNN says they were just about to go live to Kamala’s speech in Detroit when Biden appeared at the press briefing — “clearly overshadowing her.” “Is the left hand not talking to the right hand?” Kamala took the stage in Detroit at 2:04p ET. Biden entered the briefing room at 2:06p ET. https://x.com/TrumpWarRoom/status/1842272149572391032

If you doubt that The Big Guy was intentionally harming Harris, Joe tethered himself to Kamala.

@townhallcom: BIDEN: “I’m in constant contact with [Harris]. We’re singing from the same song sheet. She helped pass all the laws that are being employed now.”
https://x.com/townhallcom/status/1842273331892150510

CNN accuses Biden of trying to ‘overshadow’ Kamala with surprise White House appearance just as she took the stage in critical swing state https://trib.al/CkhoN1f

Biden, 81, draws gasps by saying he’s ‘back in’ the 2024 race in cringeworthy exchange with reporters during first briefing room appearance https://trib.al/KZdXlqp

Las Vegas Police Radio Recordings Show Reaction to Joe Biden Hospital Medical Emergency
Officer: For everybody on the radio, right now POTUS [Biden] is 421 [sick or injured]… Officer: 302, Secret Service is requesting a Code 3 [lights and sirens] response…
    In the 4:03 minute recording, officers are heard over the radio rushing to secure the perimeter of University Medical Center Hospital and rendezvous outside Valley Hospital emergency room entrance in anticipation of Biden’s arrival… https://www.judicialwatch.org/joe-biden-hospital-emergency/

@CollinRugg: Kamala Harris has no clue what to say after her teleprompter appears to stop working, keeps repeating herself. The Vice President kept repeating “32 days.” “Remember his number 32 today? We got 32 days until the election.” “So 32 days… 32 days… Okay. We got some business to do. We got some business to do… All right. 32 days… and we know we will do it, and, and this is gonna be a very tight race until the very end.” “This is gonna be a very tight race until the very end. We are the underdog and we know we have some hard work ahead.” https://x.com/CollinRugg/status/1842333833863291392

@TrumpWarRoom: “A BLOW TO HARRIS“: The International Association of Fire Fighters announced they won’t make an endorsement in 2024 — only the second time they *haven’t* endorsed the Democrat nominee since at least 1976. The other time was in 2016. https://t.co/C6tgzUBpSd

GOP Sen. @TomCottonAR: Kamala Harris is lying (about not mandating EVs). Here is her bill to ban all gas cars. She made it a top priority in the Senate, being the number one sponsor. She’ll say anything to get elected.   https://x.com/TomCottonAR/status/1842631401566290420

@TrumpWarRoom: Kamala delivers a giant, incoherent word salad when asked why she decided to do a podcast entitled “Call Her Daddy” but not substantive interviews where she’s actually pressed on the radical positions she holds. “You and your listeners have really got this thing right… Your voicing and your show is about listeners… People really want to be seen and heard… and they are part of a community…”  https://x.com/TrumpWarRoom/status/1843034027957371246

@TrumpWarRoom: HOST: “Why should we trust you?” KAMALA: “Look at my career to know what I care about.”  https://x.com/TrumpWarRoom/status/1843034707925373280

Kamala Blasted for Going on Explicit ‘Call Her Daddy’ Podcast as ‘Americans Are Dying’
Call Her Daddy is primarily a sex and relationship podcast… https://t.co/gK32xqwn4G

@CollinRugg: Kamala Harris says she went on the ‘Call Her Daddy’ podcast because it talks about “things that people really care about.” Just two episodes ago, 1 hour and 13 minutes were spent on ‘**** **** (sex act), hall passes, and frat daddies.’

‘SNL officially turns on Kamala’… as late-night show DESTROYS ‘drunk’ Harris   https://www.dailymail.co.uk/tv/us/article-13930493/snl-kamala-harris-vp-debate-vance-walz-viewers-react.html

Kamala will appear on shows that love her or hate Trump: “The View,” “Howard Stern,” and “Colbert.”
No hard news shows, no subjective reporters – and we all know the reason for this!
@TaraBull808: And this is why the media has zero credibility: ABC News before VP Debate: Why Tuesday’s vice presidential debate could matter more than history suggests – ABC News after Vance shines: Why VP Debates aren’t all that important.  https://t.co/yyYuBnE56Y

Reuters: Walz promises Muslims an equal role in Harris administration  https://t.co/uttvyEQZok

@ClayTravis: It’s not just Kamala ignoring all the Trump voters dying in North Carolina, Georgia, Tennessee & South Carolina either, it’s all her friends in the media. Usually, reporters can’t wait to put on their wading boots and stand in flood waters for TV. Where are they? Crickets.

NY Post’s @mirandadevine: In between laughing at the false claim that JD Vance was wearing eyeliner at the VP debate, Obama-Harris whisperer David Axelrod said on his podcast that Hurricane Helene’s victims are mainly Trump voters who will find it hard to vote. Affected Democrats from Asheville are “upscale liberal voters, and they’re probably going to figure out a way to vote. I’m not sure a bunch of these folks who had their homes and lives destroyed elsewhere, in western North Carolina, in the mountains, they are going to be as easy to wrangle for the Trump campaign.”
https://x.com/DrewHLive/status/1842279881876369622

@TrumpWarRoom: @JDVance: “When Appalachia was under water, President Biden was sitting on a beach and Kamala Harris was at a San Francisco fundraiser. That is not leadership. That is a disgrace — Who the hell is running this country right now? Because it sure isn’t Joe Biden and sure isn’t Kamala Harris.” https://x.com/TrumpWarRoom/status/1842667162236018956

NYT: An Exodus of Agents Left the Secret Service Unprepared for 2024
At least 1,400 of the Secret Service’s 7,800 employees left in 2022 and 2023… But agents say one problem underlies all the others: an exodus of the best-trained people… Recruiting standards slumped, longtime agents said… (Go woke, go broke!)
https://www.nytimes.com/2024/10/03/us/politics/secret-service-staffing-retention-hiring.html

@MikeBenzCyber: Liz Cheney does have to do this. She can’t just go on with her life. Her family fortune is in Halliburton, which has hitched its financial star to the tune of billions to the fate of Ukraine. https://t.co/ho0q96oUad

@listen_2learn: Lawfare coordinator Mary McCord admits that she and another lawfare coordinator, Andrew Weissmann, worked with the DOJ and intelligence losers on what bogus charges to bring against Trump.  https://x.com/listen_2learn/status/1842038443880116610
      @MikeBenzCyber: This is a really great confession from someone at the highest level of power on the inside about everything I’ve been teaching you from the outside about how the CIA has effective control over the DOJ.

@elonmusk: If there is a Democratic Party victory this election, they will ban voter ID requirements nationwide, enabling massive voter fraud. Banning voter ID is their stated goal – they are not hiding it!
    After that, your vote won’t matter, so this is therefore the last real election. Vote for Donald Trump to save democracy!!

@libsoftiktok: “If they [social media companies] don’t moderate and monitor the content, we lose total control.” – Hillary Clinton   When they tell you who they are, believe them. (Who is ‘we?’)
https://x.com/laralogan/status/1842720867849032081

GREG HUNTER INTERVIEWING DANE WIGGINGTON

World at War with Criminals Controlling Weather – Dane Wigington

By Greg Hunter On October 5, 2024 In Political Analysis41 Comments

By Greg Hunter’s USAWatchdog.com (Saturday Night Post)

Climate engineering researcher Dane Wigington says Hurricane Helene is the latest crime the climate engineering cabal put on the people of Georgia, North Carolina, Virginia, Tennessee and Florida. The storm was no accident, and neither was its path. Wigington says, “You see, these events are being ramped up to even more catastrophic levels. Finally, and thankfully, people are waking up to what is being done to them. More are waking up to the fact that these storms are being steered. This is patented technology. We can and are recording the transmission activations. . . . Those transmissions are posted on the homepage of GeoEngineeringWatch.org. There are plenty of other storms (that are steered). We recorded other hurricanes, too, such as Ian, Harvey, Michael and Maria. This is not new, but the level of damage in this case (Helene) is.”

Who is behind the destructive weather control? Wigington says, “Anybody who still thinks the U.S. government is there to protect them and preserve their future and their posterity’s future needs to wake up. Those that run our government are nothing less than a criminal cabal. They are a cancer that exists for their own ends. Bottom line with Hurricane Helene is we see the same process that we have seen with other hurricanes in recent years. These storms are not allowed to organize when they are out in the ocean, but when they get close to landfall, we get rapid intensification. You have heard that term a lot lately.”

Why target Western North Carolina? Wigington says you can speculate on the lithium mining in the area that locals want to restrict or crystal mines as well. What is not speculation is technology that can be used for storm steering. Wigington points out, “The world’s oceans are super-heating. If the planet was left unfettered, there would certainly be storms spawning. . . That’s the world’s attempt to cool itself. So, any intervention with these life support systems is definitely a leap in the wrong direction. All of these programs are about power and control, ultimately. The fact that they are steering the storms, we can definitively conclude that.”

Wigington has been in contact with members of Congress with districts that were in the path of Helene. Wigington says more and more people are waking up to the weather warfare happening around the world to destroy humanity. Wigington says, “These congressional representatives are hearing from their constituents in the field, and they are saying nothing about this storm was normal, natural or anything they experienced before. When you interfere with the planet’s life support system, you trigger downstream, cascading effects that are beyond catastrophic. We are seeing that right now. How many of these types of storms do we need to see? . . . All of this is a giant Ponzi scheme, and it’s about to come to a head. . . . They have taught and trained people in a way so they don’t know how close impact is. Those in power are preparing. They are doing everything they can to feed normalcy bias until the moment of impact. Thus, the pumped-up stock market, the false jobs report and everything is going to be wonderful. They make people think we are going to have some renaissance of consumerism, and it’s not going to happen. This is a grand and lethal experiment . . .We are at war with a criminal cabal that runs it all. That is the fact of the matter.”

Wigington still holds out hope that more people will reach a critical awareness and force the climate engineering to stop so we can salvage some of what’s left of the life support system of planet Earth.

There is much more in the 40-minute interview.

World at War with Criminals Controlling Weather – Dane Wigington

Join Greg Hunter of USAWatchdog.com as he goes One-on-One with climate researcher Dane Wigington, founder of GeoEngineeringWatch.org, with an update on the calamity of manmade climate engineering that destroyed much of the southeast with Hurricane Helene for 10.5.24

(To Donate to USAWatchdog.com Click Here)

After the Interview:

If you want to see the latest geoengineered heat map of the US, click here.

If you want to see a 90 sec video proving steering Hurricane Helene, click here.

There is vast and totally free information on GeoEngineeringWatch.org.

To see the free film called “The Dimming,” click here.

Click here to donate to GeoEngineeringWatch.org.

You can also donate by snail mail at:

GeoEngineeringWatch.org

SEE YOU ON MONDAY