GOLD PRICE CLOSED UP $2.85 TO $2661.80

SILVER PRICE DOWN $0.02 TO $31.52

Gold ACCESS CLOSED $2662.80

Silver ACCESS CLOSED: $31.50

Bitcoin morning price:$65,628 UP 1978 DOLLARS.

Bitcoin: afternoon price: $66,826 up 3176 DOLLARS

Platinum price closing UP $3.50 TO $988.85

Palladium price; DOWN 48.60 TO $1016.80

END

*CANADIAN GOLD: $3672.15 UP 15.80 CDN dollars per oz( * NEW ALL TIME HIGH 3,672.15 CDN DOLLARS PER OZ//OCT 15 2024)

*BRITISH GOLD: 2037.46 UP 5.80 Pounds per oz// *(NEW ALL TIME HIGH//CLOSING///2037.46 BRITISH POUNDS/OZ) OCT 15/2024

*EURO GOLD: 2,445.57 UP 12.07 Euros per oz //* (ALL TIME CLOSING HIGH: 2.445.57 EUROS PER OZ//OCT 15 //.2024)

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EXCHANGE

EXCHANGE: COMEX
CONTRACT: OCTOBER 2024 COMEX 100 GOLD FUTURES
SETTLEMENT: 2,657.600000000 USD
INTENT DATE: 10/11/2024 DELIVERY DATE: 10/15/2024
FIRM ORG FIRM NAME ISSUED STOPPED

---

190 H BMO CAPITAL 11
523 C INTERACTIVE BRO 2 1
661 C JP MORGAN 18
737 C ADVANTAGE 3
905 C ADM 2
991 H CME 9

---

TOTAL: 23 23

---

JPMorgan stopped 0/23

GOLD: NUMBER OF NOTICES FILED FOR OCT/2024. CONTRACT: 23 NOTICES FOR 2300 OZ  or  0.0715TONNES

total notices so far: 12,418 contracts for 1,241,800 Oz (38.628 tonnes)

FOR  OCT

SILVER NOTICES:11 NOTICE(S) FILED FOR 55,000 OZ/

total number of notices filed so far this month : 1303 for 6.515 million oz

XXXXXXXXXXXXXXXXXX

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GLD/

BOTH GLD AND SLV ARE FRAUDULENT VEHICLES//THEY ARE NOW RAIDING GLD AND SLV FOR PHYSICAL

THE CROOKS ARE STEALING GOLD AND SILVER FROM THE GLD/SLV AND REPLACING THE PHYSICAL WITH PAPER DOLLARS.

WITH GOLD UP $2.85 INVESTORS SWITCHING TO SPROTT PHYSICAL  (PHYS) INSTEAD OF THE FRAUDULENT GLD/ HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 4,31 TONNES OF GOLD INTO THE GLD./

/ /INVENTORY RESTS AT 880 TONNES

INVENTORY RESTS AT 880.57 TONNES

SLV/

WITH NO SILVER AROUND AND SILVER DOWN 2 CENTS AT THE SLV

SMALL CHANGES IN SILVER INVENTORY INTO THE SLV: A WITHDRAWAL OF 456,000 OZ FROM THE SLV.

INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV.

CLOSING INVENTORY: 470.064 MILLION OZ

Let us have a look at the data for today

SILVER//OUTLINE

SILVER COMEX OI FELL BY A FAIR SIZED 298 CONTRACTS TO 141,387 AND STALLING ON ITS MARCH TO THE RECORD HIGH OI OF 244,710, SET FEB 25/2020, AND THIS FAIR LOSS IN COMEX OI WAS ACCOMPLISHED DESPITE OUR HUGE GAIN OF $0.53 IN SILVER PRICING AT THE COMEX ON FRIDAY’S TRADING. WE HAD A SMALL GAIN OF 167 TOTAL CONTRACTS ON OUR TWO EXCHANGES WITH THE GAIN IN PRICE. WE HAD HUGE LIQUIDATION OF T.A.S. CONTRACTS ON FRIDAY TRYING TO CONTAIN THE PRICE RISE. //. WE HAD ZERO SHORT COVERING BY OUR SPECS WITH THE MUCH HIGHER PRICE DURING THE COMEX TIME ZONE..  WE HAD A STRONG 465 CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE ACCOMPANIED BY A HUGE 629 CONTRACT T.A.S ISSUANCE WHICH WILL BEING USED IN FUTURE TRADING. IN ESSENCE WE GAINED A SMALL 167 CONTRACTS ON OUR TWO EXCHANGES WITH OUR GAIN IN PRICE BUT THAT NUMBER OF GAINED CONTRACTS IS MAGNIFIED BY OUR TAS LIQUIDATION TRADING BY OUR ILLUSTRIOUS FRBNY CROOKS.

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 LAST FRIDAY AND AGAIN THIS WEEK. 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: A HUGE 629 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 ROSE BY 53 CENTS AND WERE UNSUCCESSFUL IN KNOCKING SOME NET SILVER LONGS FROM THEIR PERCH AS WE HAVE A SMALL GAIN OF 167 TOTAL OI CONTRACTS ON OUR TWO EXCHANGES

WE HAD A STRONG 465 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 60,000 OZ QUEUE JUMP//NEW TOTAL 6.530 MILLION OZ

//NEW STANDING FOR SILVER//OCT AT 6.530 MILLION OZ

WE HAD:

/ FAIR SIZED COMEX OI LOSS//STRONG SIZED EFP ISSUANCE/ VI)  HUMONGOUS SIZED NUMBER OF  T.A.S. CONTRACT ISSUANCE 629 CONTRACTS)/

 I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL REMOVED A HUMONGOUS 1277 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 10 DAYS, total 5971 contracts:   OR 29.866 MILLION OZ  (597 CONTRACTS PER DAY)

TOTAL EFP’S FOR THE MONTH SO FAR:  29.866 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; 29.866 MILLION OZ (WILL BE SMALLER ISSUANCE THIS MONTH)

RESULT: WE HAD A FAIR SIZED DECREASE IN COMEX OI SILVER COMEX CONTRACTS OF 298  CONTRACTS WITH OUR $0.58 GAIN IN PRICE OF SILVER PRICING AT THE COMEX//FRIDAY.,.  THE CME NOTIFIED US THAT WE HAD A SMALL EFP ISSUANCE  CONTRACTS: 465 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 QUEUE JUMP OF 60,000 OZ

//NEW TOTAL STANDING FOR OCT AT 6.530 MILLION OZ 

WE HAVE A SMALL GAIN OF 167 OI CONTRACTS ON THE TWO EXCHANGES WITH OUR GAIN IN PRICE…..THE TOTAL OF TAS INITIATED CONTRACTS TODAY: A HUGE SIZED 629 CONTRACTS (USED FOR YESTERDAY’S TRADING),//HUGE FRONT END OF THE TAS CONTRACTS WERE LIQUIDATED DURING THE THURSDAY COMEX SESSION.

/ ZERO SHORT COVERING FROM OUR SPEC SHORTS WITH THE GAIN IN PRICE THURSDAY/ . ALSO SOME OF OUR LONGS EXERCISED THEIR RIGHT AND TENDERED FOR PHYSICAL SILVER MUCH TO THE ANGER OF OUR BANKERS. SILVER IS NOT BASEL III COMPLIANT SO THE BANKERS CAN TAKE THEIR TIME WITH THE DELIVERY OF SILVER.

THE NEW TAS ISSUANCE FRIDAY NIGHT   (629) WILL BE PUT INTO “THE BANK” TO BE COLLUSIVELY USED AT A LATER DATE AND LATELY ON A DAILY BASIS INCLUDING TODAY.

WE HAD 11 NOTICE(S) FILED TODAY FOR 55,000 OZ

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

GOLD//OUTLINE

IN GOLD, THE COMEX OPEN INTEREST FELL BY A FAIR SIZED 2110 OI CONTRACTS  TO 536,624 AND FURTHER FROM THE RECORD (SET JAN 24/2020) AT 799,733  AND  PREVIOUS TO THAT: (SET JAN 6/2020) AT 797,110, BUT WE ARE NOW MUCH FURTHER FROM OUR ALL TIME LOW OF 390,000 CONTRACTS.

THE DIFFERENTIAL FROM PRELIMINARY OI TO FINAL OI IN GOLD TODAY: REMOVED A HUMONGOUS 10,234 CONTRACTS//

WE HAD A FAIR SIZED DECREASE  IN COMEX OI (2110 CONTRACTS) OCCURRED DESPITE OUR GAIN OF $36.55 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 200 OZ QUEUE JUMP

NEW STANDING ADVANCES TO  38.842 TONNES+ 20.174 TONNES EXCHANGE FOR RISK/PRIOR// = 59.016 TONNES

/ ALL OF THIS HAPPENED WITH OUR $36.55 GAIN IN PRICE  WITH RESPECT TO FRIDAY’S COMEX TRADING///. WE HAD A VERY FAIR SIZED LOSS OF 1071 OI CONTRACTS (33.462 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 LAST THURSDAY MORNING AND THIS CONTINUED ON FRIDAY, MONDAY AND THROUGHOUT THE WEEK WITH MAJOR TENDERING FOR PHYSICAL VIA THE EXCHANGE FOR PHYSICAL ROUTE! YOU CAN VISUALIZE THIS WITH THE HUGE QUEUE JUMPING WE ARE WITNESSING DAILY.

E.F.P. ISSUANCE

THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A FAIR SIZED 1039 CONTRACTS:

The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 531,215

IN ESSENCE WE HAVE A VERY FAIR SIZED DECREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 1071 CONTRACTS  WITH 2110 CONTRACTS INCREASED AT THE COMEX// AND A FAIR SIZED 1071 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI LOSS ON THE TWO EXCHANGES OF 1071 CONTRACTS.. WE HAD THE FOLLOWING TAS CONTRACTS INITIATED (ISSUED): A HUMONGOUS SIZED 2590 CONTRACTS, WE HAD SOME LIQUIDATION OF T.A.S CONTRACTS WITH OUR GAIN IN PRICE FRIDAY.

CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES

WE HAD A FAIR SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (1039 CONTRACTS) ACCOMPANYING THE FAIR SIZED DECREASE IN COMEX OI OF 2110 CONTRACTS/TOTAL LOSS FOR OUR THE TWO EXCHANGES: 1071 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 30,100 OZ QUEUE JUMP

//NEW STANDING ADVANCES TO TO: /OCT 38.842 TONNES. + 20.174 EX, FOR RISK/PRIOR = 59.016 TONNES

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

  4)  STRONG SIZED COMEX OPEN INTEREST INCREASE 5)  STRONG ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER///HUGE T.A.S.  ISSUANCE: 2590 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: 34,015 CONTRACTS OF 3,401,500 OZ OR 105.80 TONNES IN 10 TRADING DAY(S) AND THUS AVERAGING: 3401 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE  SIZE OF THESE EFP TRANSFERS :  THIS MONTH IN 10 TRADING DAY(S) IN  TONNES  105.80 TONNES

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

THUS EFP TRANSFERS REPRESENTS  105.80 DIVIDED BY 3550 x 100% TONNES = 2.98% 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. 105.80 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 FELL BY A FAIR SIZED 298 CONTRACTS OI  TO 141,387 AND FURTHER FROM THE COMEX HIGH RECORD //244,710( SET FEB 25/2020).  THE LAST RECORDS WERE SET  IN AUG.2018 AT 244,196 WITH A SILVER PRICE OF $14.78/(AUGUST 22/2018)..THE PREVIOUS RECORD TO THAT WAS SET ON APRIL 9/2018 AT 243,411 OPEN INTEREST CONTRACTS WITH THE SILVER PRICE AT THAT DAY: $16.53). AND PREVIOUS TO THAT, THE RECORD  WAS ESTABLISHED AT: 234,787 CONTRACTS, SET ON APRIL 21.2017 OVER  6 YEARS AGO.  HOWEVER WE HAVE NOW SET A NEW RECORD LOW OF 114,102 CONTRACTS JULY 3.2023

EFP ISSUANCE 465 CONTRACTS

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

DEC 465 and ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 465 CONTRACTS. EFP’S GIVE OUR COMEX LONGS A FIAT BONUS PLUS A DELIVERABLE PRODUCT OVER IN LONDON.  IF WE TAKE THE COMEX OI GAIN OF 979   CONTRACTS AND ADD TO THE 110 E.FP. ISSUED

WE OBTAIN A SMALL SIZED LOSS OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES OF 167 CONTRACTS

THUS IN OUNCES, THE LOSS ON THE TWO EXCHANGES  TOTALS 0.833 MILLION OZ OCCURRED DESPITE OUR  $0.53 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//

TUESDAY MORNING MONDAY  NIGHT

ASIA TRADING/TUESDAY MORNING/MONDAY  NIGHT

SHANGHAI CLOSED DOWN 83.03 PTS OR 2.53%

//Hang Seng CLOSED DOWN 774.08 PTS OR 3.65%

// Nikkei CLOSED UP 304.75 PTS OR 0.77%//Australia’s all ordinaries CLOSED UP 0.81%///Chinese yuan (ONSHORE) CLOSED DOWN TO 7.1170 CHINESE YUAN OFFSHORE CLOSED DOWN TO 7.1254 Oil DOWN TO 70.61 dollars per barrel for WTI and BRENT UP AT 74.40 Stocks in Europe OPENED ALL MIXED

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

A)NORTH KOREA/SOUTH KOREA

outline

b) REPORT ON JAPAN/
OUTLINE

3  CHINA
OUTLINE

4/EUROPEAN AFFAIRS
OUTLINE

5. RUSSIAN AND MIDDLE EASTERN AFFAIRS
OUTLINE

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

7. OIL ISSUES
OUTLINE

8 EMERGING MARKET ISSUES
9. USA

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

GOLD

 LET US BEGIN:

THE TOTAL COMEX GOLD OPEN INTEREST FELL BY A FAIR SIZED 2110 CONTRACTS TO 536,624 DESPITE OUR HUGE GAIN IN PRICE OF $36.55 WITH RESPECT TO FRIDAY’S TRADING. WE LOST ZERO IN NUMBER LONGS WITH THE HIGHER PRICE FOR GOLD AS YOU WILL SEE BELOW. WE HAD A FAIR NUMBER OF EXCHANGE FOR PHYSICAL ISSUED (1039). AND THINGS MUST BE DESPERATE AS ON LAST TUESDAY, OCT 2, 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 CONTINUES TO DISTORT OPEN INTEREST NUMBERS GREATLY AND IT SURELY WAS ON DISPLAY LAST WEEK AS A MAJOR BUYER OF PHYSICAL (THE CHINESE) WERE OFF DUE TO GOLDEN WEEK AND CONTINUES ON THIS WEEK DESPITE THEIR PRESENCE.

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. THUS THE REASON FOR THE CONTINUAL RAIDING OF OUR GOLD BUT THEIR FAILURE TO STOP CENTRAL BANK PURCHASES OF PHYSICAL GOLD IS THE MAJOR ISSUE OF THE DAY!

OUR PHYSICAL LONDONERS BOUGHT NEW MASSIVE QUANTITIES OF LONGS AT ANY PRICE 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 GAIN IN PRICE BUT AGAIN AS WITH THURSDAY’S TRADING, ZERO LONGS BEING CLIPPED (AS YOU WILL SEE BELOW). 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 BUT THAT DOES NOT STOP LONDON’S ACCUMULATION OF PHYSICAL! YOU CAN VISUALIZE THAT PERFECTLY WITH THE HUGE AMOUNTS OF QUEUE JUMPING ORCHESTRATED BY CENTRAL BANKERS JUMPING AHEAD OF ORDINARY LONGS AS THEIR NEED FOR PHYSICAL IS GREAT AS THEY SCOUR FOR GOLD ON THIS SIDE OF THE PLANET.

EXCHANGE FOR PHYSICAL ISSUANCE

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

THAT IS A FAIR SIZED 1039 EFP CONTRACTS WERE ISSUED: :  /DEC  2373 & ZERO FOR ALL OTHER MONTHS:

TOTAL EFP ISSUANCE: 1039 CONTRACTS. THESE EFP;S CIRCLE AROUND LONDON ON A 13 DAY BASIS AND ARE NOW USED BY GLOBAL CENTRAL BANKS TO EXERCISE FOR PHYSICAL GOLD WITH THE OBLIGATION TO DELIVER BEING FORCED ONTO COMEX BANKS. THE GOLD DELIVERED COMES FROM LONDON.

ON A NET BASIS IN OPEN INTEREST WE LOST THE FOLLOWING TODAY ON OUR TWO EXCHANGES: A FAIR SIZED TOTAL OF 1071 CONTRACTS IN THAT 1039 CONTRACT LONGS WERE TRANSFERRED AS EXCHANGE FOR PHYSICALS TO LONDON AND WE HAD A FAIR LOSS OF 2110 COMEX  CONTRACTS..AND THIS VERY STRONG GAIN  ON OUR TWO EXCHANGES HAPPENED WITH OUR  GAIN IN PRICE OF $36.55 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 USUALLY DURING MID MONTH IN THE DELIVERY CYCLE), BUT NOW ON A DAILY BASIS, THE CME REPORTS THAT THE TOTAL T.A.S. ISSUANCE FOR FRIDAY NIGHT, A FAIR SIZED 1039 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 AND RAIDS.

// WE HAVE A STRONG AMOUNT OF GOLD TONNAGE STANDING:   OCT (59.016 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 38.842TONNES + 20.174 TONNES EXCHANGE FOR RISK =59.016 TONNES

THE SPECS/HFT WERE  UNSUCCESSFUL IN LOWERING GOLD’S PRICE( IT ROSE BY  $36.55/)//AND WERE UNSUCCESSFUL IN KNOCKING OFF ANY NET SPECULATOR LONGS AS WE DID HAVE A FAIR SIZED LOSS IN OUR TWO EXCHANGES. WE DID HAVE CONSIDERABLE T.A.S. SPREADER LIQUIDATION FRIDAY. CENTRAL BANK LONGS, SEIZING THE MOMENT, EXERCISED FOR PHYSICAL IN A BIG WAY TENDERING FOR PHYSICAL THURSDAY EVENING.

WE HAVE GAINED A TOTAL OF 3.331 PAPER TONNES FROM OUR TWO EXCHANGES, ACCOMPANYING OUR INITIAL  GOLD TONNAGE STANDING FOR OCT (33.651TONNES) ON FIRST DAY NOTICE FOLLOWED BY TODAY’S 200 OZ QUE JUMP………………..

//NEW STANDING FOR OCT 38.842 TONNES.+ 20.174 TONNES (EXCHANGE FOR RISK)

NEW STANDING FOR OCT 38.842 TONNES + 20.174 TONNES EXCHANGE FOR RISK= 59.016 TONNES

ALL OF THIS WAS ACCOMPLISHED WITH OUR GAIN IN PRICE  TO THE TUNE OF $36.55

WE HAD 10,231 CONTRACTS REMOVED  FROM THE  COMEX TRADES TO OPEN INTEREST (CROOKS)//PRELIMINARY TO FINAL.

NET LOSS ON THE TWO EXCHANGES 1071 CONTRACTS OR 1,07100 OZ (3.331 TONNES)

confirmed volume FRIDAY 127,304 contracts poor

//speculators have left the gold arena

END

OCT 15  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	23 notice(s) 2300 OZ 0.0715 TONNES
No of oz to be served (notices)	70 contracts    7000 OZ 0.2177 TONNES
Total monthly oz gold served (contracts) so far this month	12,418 notices 1,241,800oz 38.628TONNES
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: 1

adjusted out of the dealer Brinks 1553.920 oz

CALCULATIONS FOR THE AMOUNT OF GOLD STANDING FOR OCT.

For the front month of OCT: we have an oi of 84 contracts having LOST 385 contracts.

We had 387 contracts filed on FRIDAY so we GAINED 2 contracts on our two exchanges or 2 CONTRACTS underwent a 200 oz queue jump. This is central bank action grabbing all the physical they can.

NOVEMBER LOST 70 CONTRACTS TO STAND AT 1555

DECEMBER, THE BIGGEST DELIVERY MONTH LOST 2813 CONTRACTS TO 436,624

We had 387 contracts filed for today representing 38700 oz  

This is a huge 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 18 notices issued from their client or customer account. The total of all issuance by all participants equate to 23 contract(s) of which 0  notices were stopped (received) by  j.P. Morgan dealer and 0 notice(s) was (were) stopped  (received) by J.P.Morgan//customer account   

To calculate the INITIAL total number of gold ounces standing for OCT /2024. contract month, we take the total number of notices filed so far for the month (12,418x 100 oz ) to which we add the difference between the open interest for the front month of  OCT(93 CONTRACTS)  minus the number of notices served upon today  (23 x 100 oz per contract( equals  1,248,800 OZ  OR 38.842 TONNES. TO WHICH WE ADD THAT STUPID 20.174 TONNES OF EXCHANGE FOR RISK, NEW TOTAL = 59.016 TONNES (CORRECTED FROM YESTERDAY)

thus the INITIAL standings for gold for the OCTOBER contract month:  No of notices filed so far (12,395 x 100 oz +we add the difference for front month of OCT  (478 OI} minus the number of notices served upon today (387 x 100 oz which equals  1,248,800 oz (36.842 TONNES + 20.174 EX. FOR RISK DELIVERY = 59.010 TONNES(CORRECTED FROM YESTERDAY)

TOTAL COMEX GOLD STANDING FOR OCT.: 58.016 TONNES WHICH IS HUGE FOR THIS  NON ACTIVE DELIVERY MONTH IN THE CALENDAR. 

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COMEX GOLD INVENTORIES/CLASSIFICATION

NEW PLEDGED GOLD:

241,794.285 oz NOW PLEDGED /HSBC  5.94 TONNES

204,937.290 OZ PLEDGED  MANFRA 3.08 TONNES

83,657.582 PLEDGED JPMorgan no 1  1.690 tonnes

265,999.054, oz  JPM No 2 

1,152,376.639 oz pledged  Brinks/

Manfra:  33,758.550 oz

Delaware: 193.721 oz

International Delaware::  11,188.542 oz

total pledged gold: 1,695,138.428  oz 52.725 tonnes

TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD:  17,045,846.803 OZ  

TOTAL REGISTERED GOLD 7,826,170.090/// 243,42tonnes). 

TOTAL OF ALL ELIGIBLE GOLD: 9,219,676.713 OZ  

REGISTERED GOLD THAT CAN BE SERVED UPON: 6,132,032 oz (REG GOLD- PLEDGED GOLD)= 190.700tonnes //

END

SILVER/COMEX

OCT 15 2024

INITIAL

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

Silver	Ounces
Withdrawals from Dealers Inventory	NIL oz
Withdrawals from Customer Inventory	13,000.60 oz CNT .
Deposits to the Dealer Inventory	nil oz
Deposits to the Customer Inventory	600,640.790 oz Delaware HSBC
No of oz served today (contracts)	11CONTRACT(S)    (65,000 OZ)
No of oz to be served (notices)	3 contracts  (15,000oz)
Total monthly oz silver served (contracts)	1303Contracts  (6.515 MILLION oz)
Total accumulative withdrawal of silver from the Dealers inventory this month	NIL oz
Total accumulative withdrawal of silver from the Customer inventory this month

i)  0 dealer  deposit/

total dealer deposit : NIL oz

i) We had  0 dealer withdrawal

total dealer withdrawals: 0 oz

We had  2 customer deposits

i) Into Delaware: 1025.100 oz

ii) Into HSBC: 599,615.690 oz

total customer deposits 600.640.790 oz

We had 1 withdrawals

i) out of CNT 13,000.600 oz

total withdrawal 13,000.600 oz

JPMorgan has a total silver weight: 134.996million oz/305.958million  or 44.11%

adjustment 0

TOTAL REGISTERED SILVER: 70.864MILLION OZ//.TOTAL REG + ELIGIBLE. 305.958million oz

CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR OCT

silver open interest data:

FRONT MONTH OF OCT /2024 OI: 3 OPEN INTEREST FOR A GAIN OF 3 CONTRACTS

WE HAD 3 CONTRACTS SERVED ON FRIDAY SO WE GAINED 12 CONTRACTS OR WE ENTERTAINED A 60,000 OZ QUEUE JUMP

NOVEMBER SAW A GAIN OF 26 CONTRACTS TO STAND AT 733

DECEMBER SAW A LOSS OF 292 CONTRACTS UP TO 117,496 CONTRACTS

.

TOTAL NUMBER OF NOTICES FILED FOR TODAY: 11 for 55,000 oz

CONFIRMED volume; ON FRIDAY 47.346 poorf

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 1303x 5,000 oz = 6.515 MILLION oz 

to which we add the difference between the open interest for the front month of OCT (14) and the number of notices served upon today (11)x (5000 oz) equals the number of ounces standing.

Thus the  standings for silver for the OCT2024 contract month:  1303 Notices served so far) x 5000 oz + OI for the front month of OCT(14) number of notices served upon today minus (11)x 5000 oz of silver standing for the OCT contract month equates to 6.530 MILLION OZ. 

 New total standing: 6.530 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 15 WITH GOLD UP $2.85 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD //A MONSTER DEPOSIT OF 4.31 TONNES OF GOLD INTO THE GLD.; // . // .///INVENTORY RESTS AT 880.57 TONNES

OCT 11 WITH GOLD UP $36.55 ON THE DAY; NO CHANGES IN GOLD AT THE GLD; // . // .///INVENTORY RESTS AT 876.26 TONNES

OCT 10 WITH GOLD UP $14.50 ON THE DAY; NO CHANGES IN GOLD AT THE GLD; // . // .///INVENTORY RESTS AT 876.26 TONNES

OCT 9 WITH GOLD DOWN $8.50 ON THE DAY; NO CHANGES IN GOLD AT THE GLD; // . // .///INVENTORY RESTS AT 876.26 TONNES

OCT 8 WITH GOLD DOWN $28,.95 ON THE DAY; NO CHANGES IN GOLD AT THE GLD; // . // .///INVENTORY RESTS AT 876.26 TONNES

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

GLD INVENTORY: 880.57 TONNES, TONIGHTS TOTAL

SILVER

OCT 15  WITH SILVER DOWN 2 CENTS : SMALL CHANGES IN SILVER INVENTORY AT THE SLV A WITHDRAWAL OF 456,,000 OZ FORM THE SLV. //INVENTORY AT SLV RESTS AT 470.064 MILLION OZ

OCT 11  WITH SILVER UP 53 CENTS : HUGE CHANGES IN SILVER INVENTORY AT THE SLV: A WITHDRAWAL OF 932,000 OZ FORM THE SLV. //INVENTORY AT SLV RESTS AT 470.520 MILLION OZ

OCT 9  WITH SILVER UP 7 CENTS : HUGE CHANGES IN SILVER INVENTORY AT THE SLV A DEPOSIT OF 2.964 MILLION OZ FORM THE SLV..: /INVENTORY AT SLV RESTS AT 471.432 MILLION OZ

OCT 8  WITH SILVER DOWN $1.41 : HUGE CHANGES IN SILVER INVENTORY AT THE SLV A DEPOSIT OF 2.007 MILLION OZ FORM THE SLV..: /INVENTORY AT SLV RESTS AT 468.468 MILLION OZ

 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

CLOSING INVENTORY 470.064 MILLION OZ//

PHYSICAL GOLD/SILVER COMMENTARIES

1/ PETER SCHIFF/SCHIFF GOLD/MIKE MAHARRY

Peter Schiff: FEMA Makes Hurricanes Worse

Tuesday, Oct 15, 2024 – 02:00 PM

Via SchiffGold.com,

In this week’s episode, Peter offers an important reminder: the government has a strong incentive to bend the truth with their data, especially when we’re less than a month out from an election. Beyond this, Peter spends time discussing the proliferation of free market ideas on X, declares Grover Cleveland to be the last good Democratic president, and explains the broken window fallacy in light of Hurricane Milton. 

With last week’s jobs numbers still in the news cycle, Peter reiterates why they’re unreliable. Bidenomics shills like Paul Krugman are sorely mistaken:

“The numbers don’t matter anyway. They are subject to massive revisions in the following month, even in the following year. … The government grades its own report card. It doesn’t want to give itself an F, especially when you’re a month away from an election. So there is a lot of political pressure to make these numbers look good, especially the inflation number and the unemployment number.”

The data does not align with Americans’ feelings toward the economy, and knowing that thousands of new government jobs have been created doesn’t help the working class:

“It defies logic that people would be working two or three jobs and have maxed out their credit cards, be mired in more debt that they’ve ever been, despite working more jobs than they ever had, and say, ‘Oh, we’ve got a great economy.’”

This numerical deception is augmented by the fact that one key metric– inflation – has had its meaning corrupted by state statisticians:

“[Inflation] is an Orwellian double speak to pretend inflation is rising prices, but they’ve already pulled that off. But now that they’ve got the public to accept the false definition, they keep changing the index that measures those prices.”

Peter comments on Elon Musk’s recent pro-market posts featuring economist Milton Friedman, in which Friedman explains that government creates inflation:

“It’s not greedy companies. He [Friedman] says, ‘Businessmen are greedy. That’s just the way people are. They’re no different than anybody else. We’re all greedy.’ And greed doesn’t cause inflation. I’ve pointed out that greed actually brings prices down.”

Another recent source of economic fallacies is the havoc caused by hurricanes Milton and Helene. Many politicians wrongly assume both that the federal government is responsible for hurricane relief and that natural disasters are a boon for the economy. This is nothing more than a revival of the long-debunked “broken window fallacy:”

“You’re never better off because you have to rebuild something that was destroyed or because you waste your money. Like the Keynesians say, “Look, as long as we spend the money, it’s good for the economy.” … It’s like digging a hole, paying people to dig it, and then paying someone else to fill it back up. At the end of the day, you’re right back where you started. You’ve spent a lot of money, a lot of people have worked, but there’s nothing to show for it.”

Even worse is the fact that federal intervention has made natural disasters more destructive. By subsidizing insurance in disaster-prone regions and crowding out local aid, organizations like FEMA ultimately make people more vulnerable to disasters: 

“In fact, because now everybody expects the federal government to take care of every emergency, nobody is prepared. It would be much more efficient if we allowed local governments to pay for their own disasters and prepare for them. But we’ve created this huge moral hazard—that’s the real disaster. It’s the moral hazard created by FEMA. Now, natural disasters collectively cost a lot more because we’ve outsourced everything to the federal government, which even subsidizes people to build in flood zones.”

In times of disaster, federal policy should mirror the actions of the last admirable Democratic president:

“Grover Cleveland was the last great Democratic president. When there was a drought in Texas and Congress appropriated around $10,000 to help the drought-stricken farmers, he vetoed the bill. … He said, ‘I could lay my finger on no section of the Constitution that authorizes this spending.’ So he vetoed it. He said, ‘Look, I feel badly for the farmers, and I want to help them, but as president, I can’t use taxpayer money to help them.’”

If you missed it, check out Peter’s Commodity Culture interview from this week, where he dives deep into the economics of current global events.

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

3.CHRIS POWELL AND DAILY GOLD/SILVER DISPATCHES

Eric Sprott reflects on career in monetary metals mining, remains confident

Submitted by admin on Tue, 2024-10-15 11:20 Section: Daily Dispatches

11:18a ET Tuesday, October 15, 2024

Dear Friend of GATA and Gold:

Interviewed about his long career by Jimmy Connor of Bloor Street Capital in Toronto, mining entrepreneur Eric Sprott jokes that he is such a brilliant investor because he has had so many failures to learn from.

But, Sprott adds, he has been successful because he has spotted enough strong opportunities in the mining sector — opportunities somehow not recognized by many others — and had the patience to stick with them while constantly re-evaluating them.

Sprott says he remains immensely confident in the prospects for the monetary metals, especially since the financial markets are full of bubbles and investors today are exposed to more risk than ever.

The interview is 40 minutes long and can be viewed at YouTube here:

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

end

Jim Rickards: This is what will destroy the dollar

Submitted by admin on Mon, 2024-10-14 21:01 Section: Daily Dispatches

By James G. Rickards
Daily Reckoning, Baltimore
Monday, October 14, 2024

Janet Yellen gave a speech on Sept. 26 at the 2024 U.S. Treasury Market Conference in New York. The speech was largely about risks in the banking system and the market for U.S. Treasury debt.

In a pre-speech interview with Politico, Yellen was asked about risks related to a smooth presidential transition in this election cycle. While that may seem like a straightforward question, it contained a particular bias that somehow Donald Trump, win or lose, might make the presidential transition difficult

.Difficulties could arise if Trump loses and claims the election was “rigged” or if Trump wins and radical groups like antifa commence violent protests. My estimate is that the former is unlikely, and the latter is far more likely but Trump haters in the media will take the opposite view. …

… For the remainder of the commentary:

https://dailyreckoning.com/this-will-destroy-the-dollar/

4. OTHER GOLD COMMENTARIES//LIVE FROM THE VAULT/no 193 ANDREW MAGUIRE

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

China Overproducing Lithium To Eliminate Rivals: US Official

Saturday, Oct 12, 2024 – 10:10 PM
Authored by Catherine Yang via The Epoch Times (emphasis ours),

Jose Fernandez, U.S. undersecretary of state for economic growth, energy, and the environment, told reporters in Portugal on Oct. 8 that the Chinese regime is using its oversupply of lithium to price out global rivals.

This photo taken on March 12, 2021 shows workers at a factory for Xinwangda Electric Vehicle Battery Co. Ltd, which makes lithium batteries for electric cars and other uses, in Nanjing in China’s eastern Jiangsu province. – China OUT (Photo by AFP) / China OUT Photo by STR/AFP via Getty Images
“They engage in predatory pricing,” Fernandez said. “[They] lower the price until competition disappears. That is what is happening.”

Fernandez said China was producing much more lithium “than the world needs today, by far” and dumping it on the market, resulting in a steep price drop of 80 percent over the past year. China is now responsible for two-thirds of the world’s refined, battery-grade lithium production.

Portugal has 270,000 metric tons of lithium reserves, according to the 2022 U.S. Geological Survey, and its government has set goals to increase mining to advance energy goals. Local communities have opposed some of these new projects, saying they damage livelihoods and the environment.

Western countries have, in recent months, put up barriers against the Chinese Communist Party’s (CCP’s) trade practices. Although China joined the World Trade Organization in 2001, China is not a free-market economy, as its industries produce based on the state goals set by the authoritarian CCP.

For example, the European Union raised tariffs on Chinese electric vehicles only after determining via investigation that the regime had subsidized the industry to overproduce, subsequently dumping low-priced vehicles on the international market. This is a practice that can put global competitors out of business.

During a recent trip to Washington, Indian Minister of Commerce and Industry Piyush Goyal said China had “killed“ India’s manufacturing sector decades ago with the same tactic.

Asian countries have similarly hiked tariffs on Chinese imports. Japan this year increased duties on Chinese electrolytic manganese dioxide, another battery material, and Korea, whose electric vehicle market is already dominated by Chinese products, is cutting subsidies for vehicles using Chinese batteries.

Trade officials have recognized that tariffs alone may not be enough. Chinese manufacturers may partner with international manufacturers or trade partners to bypass tariffs. For instance, China manufacturers supply a large number of parts to Mexican manufacturers, and Mexico is the largest auto-parts supplier to the United States.

The about-face of China’s global trade partners in key industries also comes at a time when the Chinese communist regime is struggling to prop up a faltering economy. Chinese industries facing overcapacity may soon see firms shutter, with a ripple effect of job loss, lost revenue for already-indebted local governments, and social unrest due to unemployment.

Reuters contributed to this report.

6 CRYPTOCURRENCY NEWS

END

ASIA TRADING TUESDAY MORNING/MONDAY  NIGHT

SHANGHAI CLOSED DOWN 83.03 PTS OR 2.53%

//Hang Seng CLOSED DOWN 774.08 PTS OR 3.65%

// Nikkei CLOSED UP 304.75 PTS OR 0.77%//Australia’s all ordinaries CLOSED UP 0.81%///Chinese yuan (ONSHORE) CLOSED DOWN TO 7.1170 CHINESE YUAN OFFSHORE CLOSED DOWN TO 7.1254 Oil DOWN TO 70.61 dollars per barrel for WTI and BRENT UP AT 74.40 Stocks in Europe OPENED ALL MIXED

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

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

ONSHORE YUAN:   CLOSED DOWN AT 7.1170

OFFSHORE YUAN: DOWN TO 7.1254

SHANGHAI CLOSED CLOSED DOWN 83.03 PTS OR 2.53%

HANG SENG CLOSED CLOSED DOWN 304.75 PTS OR .77%

2. Nikkei closed UP 304.75 POINTS OR 0.77%

3. Europe stocks   SO FAR:  ALL MIXED

USA dollar INDEX UP TO  102.94 EURO FALLS TO 1.0903 DOWN 4 BASIS PTS

3b Japan 10 YR bond yield: FALLS TO. +0.950 Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 149.27…… 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 DOWN /JAPANESE Yen DOWN CHINESE ONSHORE YUAN: DOWN OFFSHORE: DOWN

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

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

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

3h European bond buying continues to push yields lower on all fronts in the EMU. German 10yr bund YIELD DOWN TO +2.2455 Italian 10 Yr bond yield DOWN to 3.502 SPAIN 10 YR BOND YIELD DOWN TO 2.999

3i Greek 10 year bond yield DOWN TO 3.141

3j Gold at $2646.90 /Silver at: 31.08  1 am est) SILVER NEXT RESISTANCE LEVEL AT $34.40//AFTER 28.40

3k USA vs Russian rouble;// Russian rouble DOWN 1 AND 44/100  roubles/dollar; ROUBLE AT 97.04

3m oil into the 70 dollar handle for WTI and  74 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 149.27  10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 0.960% 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 0.8621 as the Swiss Franc is still rising against most currencies. Euro vs SF:   0.9399  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: 4.072 DOWN 5 BASIS PTS…

USA 30 YR BOND YIELD: 4.369 DOWN 2 BASIS PTS/

USA 2 YR BOND YIELD:  3.962 UP 1 BASIS PTS

USA DOLLAR VS TURKISH LIRA: 34.27…

10 YR UK BOND YIELD: 4.2450 DOWN 3 PTS

10 YR CANADA BOND YIELD: 3.231 DOWN 4 BASIS PTS

5 YR CANADA BOND YIELD: 2.998 DOWN 4 PTS.

2a New York OPENING REPORT

Futures Flat At All Time High As Oil Tumbles, Bank Earnings Shine

by Tyler Durden

Tuesday, Oct 15, 2024 – 08:07 AM

US equity futures pointed to an unchanged open as earnings from Bank of America and Goldman Sachs beat expectations while megacap tech stocks showed modest moves. As of 8:00am ET, S&P futures were unchanged after closing at a 46th record high on Monday, while Nasdaq futures dipped 0.1% as Nvidia shares fell 1% in premarket after Bloomberg reported Biden administration officials have discussed capping sales of advanced AI chips from Nvidia and other companies. Bond yields are lower and USD is weaker; 2-, 5-, 10-yr yields are down 0.36bp, 1.75bp, 3.53bp respectively. Oil tumbled as much as -5% from yesterday close after the WaPo reported that Israel may avoid targeting Iran’s crude infrastructure, although Israel later denied the claim. Chinese stocks slumped: HSI and CSI closed -2.6% and -3.7% lower today after the WSJ reported that the motivation behind the recent policies is not “massively stimulate demand but to fend off a brewing financial crisis.” Aluminum and Copper are both more than -1% lower this morning. On the macro front we get October Empire manufacturing (8:30am) and September New York Fed 1-year inflation expectations (11am), and three Fed speakers. All eyes on earnings from BofA and Goldman today.

In premarket trading, Bank of America climbed 2% after its Wall Street operations performed better than expected as the company reaped the benefits of volatile markets. Net interest income topped analysts’ estimates. Goldman rose more than 3.3%, after it also reported earnings that beat across the board. Nvidia and AMD dell after Bloomberg reported the Biden administration discussed capping sales of advanced AI chips to some countries. Here are some other notable premarket movers:

• Coty drops 4% after the beauty company provided some preliminary 1Q results that disappointed.
• Etsy declines 5% after Goldman Sachs cut the online retailer to sell, citing a more selective approach to e-commerce stocks ahead of earnings.
• Schwab climbs 3% after posting adjusted earnings per share for the third quarter that beat the average analyst estimate.
• Trump Media & Technology rises 7%, putting the stock on course to extend its rally into a fourth consecutive session.
• UnitedHealth slips 3% after the health insurer trimmed the higher end of its profit forecast for the full year.
• Walgreens Boots gains 5% after the pharmacy chain gave a sales forecast for its 2025 year that exceeded the average analyst expectation.
• Wolfspeed rises 21% as the company is in line to win $750m in US government grants as well as $750m in financing led by Apollo Global Management Inc. to support its factory expansion plans.

Energy shares fell premarket trading, as oil prices plunged below $75 a barrel after a WaPo report that Israel will hold off attacking Iranian oil facilities. Israel later denied this, saying “it is listening to US misgivings about its planned counter-strike against Iran but will act based on its own assessments” but by then it was too late and the oil selling CTAs had been engaged.  The IEA added to the selling pressure as they warned swelling American production is set to create an oil glut in early 2025.

Elsewhere, Citigroup, Goldman and Bank of America are among the companies reporting Tuesday, while Netflix and JB Hunt will also present results later this week. Investors appear undeterred by reduced profit forecasts and are instead betting on positive surprises. Nathan Thooft, chief investment officer and senior portfolio manager at Manulife Investment Management, expects earnings season to be pretty good, but mostly because expectations have been lowered. “Consensus is around 4% year-over-year. It’s a fairly low bar,” he said.

Oil’s drop fed through to energy stocks, which dragged European stocks lower. Europe’s Stoxx 600 index slipped 0.2%, dragged down by declines in energy shares such as TotalEnergies SE and BP Plc. Beauty stocks LVMH, L’Oreal SA, Puig Brands SA also fell after US outfit Coty Inc. lowered its sales-growth guidance overnight.

Earlier int he session, Asian stocks reversed gains of as much as 0.7%, driven by sharp losses in Chinese and Hong Kong stocks. The MSCI Asia Pacific Index declined as much as 0.4%, reversing a 0.7% climb, with Chinese technology stocks including Meituan, Tencent and Alibaba the top laggards. Stocks in both mainland and Hong Kong dropped, raising doubts over the outlook for a market that is struggling to sustain the ferocious rally of late September. Energy was the worst-performing sector on the regional index, as oil dropped after a report that Israel may avoid targeting Iran’s crude infrastructure eased concerns over a major supply disruption. Sentiment took a hit after China’s export growth slowed in dollar terms from last year, hurting one of the few bright spots in the economy. Investors are still trying to assess the scope for government stimulus after its latest pledge for support.

“This is Beijing’s ‘whatever it takes’ moment,” Yan Wang, chief of emerging markets and China strategist at Alpine Macro, told Bloomberg TV. “If Beijing is really committed to boosting the economy, they need to use the balance sheet of the central bank and the central government to reflate the economy,” he said.

And yet according to the WSJ, this is anything but China’s whatever it takes moment: citing “people familiar with the decision-making”, the WSJ said that this isn’t a stimulus measure, but rather a derisking step, indicating that this is just another half-baked “half-measure” from the Xi admin, assuring that much more stimulus will be needed eventually: “Absent from the measures are any significant moves to boost consumption. People close to the ministry say such measures are in the works but nothing substantial is imminent.”

In FX, the Bloomberg Dollar Spot Index held steady after rising 0.3% Monday. “The bias is for a stronger USD,” Elias Haddad, senior markets strategist at Brown Brothers Harriman & Co., wrote in a note. “Encouraging US economic activity and sticky underlying inflation argue for a cautious Fed easing cycle.” The pound rose 0.1% after mixed UK jobs data, while the Japanese yen tops the G-10 FX leader board with a 0.5% gain: USDJPY briefly dipped below 149 after rising just shy of 150 on Monday.

In rates, treasuries and European government bonds rise as traders gravitate toward safe-haven assets. Treasury yields are richer by 1bp to 4bp across maturities with the curve flatter in cash trading after Monday’s holiday, during which stocks and futures were open. 10-year yields at around 4.07% are ~3bp richer on the day with bunds and gilts in the sector outperforming by an additional 1bp. Bull-flattening in Treasuries leaves 2s10s, 5s30s spreads about 2.5bp tighter vs Friday’s close. Bonds have support from slide in oil prices spurred by a report Israel may avoid targeting Iran’s crude infrastructure, which eased concerns about supply disruption.

In commodities, brent crude futures fall some 4.8% to below $74 a barrel after the WaPo reported that Israel may avoid targeting Iran’s crude infrastructure eased concerns over a major supply disruption. The IEA added to the selling pressure as they warned swelling American production is set to create an oil glut in early 2025. Amusingly, even though Israel later denied the WaPo report – which was meant precisely to hammer oil – the price of the commodity failed to rebound. Spot gold reversed an earlier fall to rise $6.

Looking at today’s calendar, we get the October Empire manufacturing (8:30am) and September New York Fed 1-year inflation expectations (11am). Fed speakers scheduled include Daly (11:30am), Kugler (1pm) and Bostic (7pm).

Market Snapshot

• S&P 500 futures little changed at 5,904.25
• STOXX Europe 600 down 0.1% to 524.23
• MXAP down 0.2% to 191.98
• MXAPJ down 0.7% to 609.24
• Nikkei up 0.8% to 39,910.55
• Topix up 0.6% to 2,723.57
• Hang Seng Index down 3.7% to 20,318.79
• Shanghai Composite down 2.5% to 3,201.29
• Sensex down 0.3% to 81,766.76
• Australia S&P/ASX 200 up 0.8% to 8,318.37
• Kospi up 0.4% to 2,633.45
• German 10Y yield down 3.6 bps at 2.24%
• Euro little changed at $1.0904
• Brent Futures down 4.2% to $74.24/bbl
• Brent Futures down 4.2% to $74.24/bbl
• Gold spot up 0.2% to $2,655.02
• US Dollar Index down 0.14% to 103.15

Top Overnight News

• China is starting to enforce a tax on overseas investment gains by the country’s wealthiest citizens, an initiative aimed at both driving gov’t revenue (to help pay for fiscal stimulus) and pursuing Xi’s “common prosperity” initiative. BBG
• Xi isn’t looking to massively stimulate demand or ease his iron grip on the country’s economy but instead stave off a financial crisis by providing support to overindebted local governments and bolster the stock market (his shift on policy was more tactical than strategic). WSJ  
• Chinese banks are set to trim rates on 300 trillion yuan ($42.3 trillion) of deposits as soon as this week after the latest barrage of stimulus policies further squeeze their profitability. BBG
• The International Energy Agency trimmed its forecast for this year’s oil-demand growth for the third month in a row, as a rapid slowdown in Chinese consumption weighs on the global outlook. WSJ
• Global sovereign debt will hit $100T by the end of 2024, or ~93% of aggregate GDP, with the figure headed to 100% by 2030 as it warned governments will be forced to make difficult fiscal decisions. BBG
• Israel has told Washington it will hit Iranian military targets, not oil or nuclear infrastructure, as Netanyahu looks to retaliate without escalating the situation. WaPo
• The Swiss financial regulator has ordered UBS to bolster its emergency and recovery plans in light of the added risk it has taken on following its takeover of Credit Suisse last year. FT
• Biden administration officials have discussed capping sales of advanced AI chips from Nvidia Corp. and other American companies on a country-specific basis, people familiar with the matter said, a move that would limit some nations’ artificial intelligence capabilities. BBG
• Home builders are still offering mortgage rate buydowns to attract buyers, despite falling mortgage rates. The cost of buydowns is eating into home-builder profits, and they might need to turn to other strategies such as price reductions. Home-builder share prices have been rising, but the outlook is more challenging if more previously owned homes come on the market. WSJ

A more detailed look at global markets courtesy of Newsquawk

APAC stocks traded mixed as most major indices followed suit to the gains stateside where a tech rally led the S&P 500 and Dow to fresh all-time highs, although Chinese markets lagged following weak trade data. ASX 200 climbed to a record high with advances led by the top-weighted financial sector and miners. Nikkei 225 outperformed and gapped back above the 40,000 level on return from the long weekend. Hang Seng and Shanghai Comp were pressured after weak trade data and stimulus disappointment, while trade frictions also lingered with the US mulling capping NVIDIA and AMD AI chip sales to some countries.

Top Asian News

• Chinese banks mull cutting rates on CNY 300tln of deposits as early as this week with the major banks to be guided by the PBoC’s interest rate self-disciplinary mechanism to lower rates on a number of deposit products, according to Bloomberg.
• China began enforcing an up to 20% tax on overseas investment gains by the country’s ultra-rich.
• US weighs capping NVIDIA (NVDA) and AMD (AMD) AI chip sales to some countries, according to Bloomberg.
• China and NDRC are to hold a meeting on financing for small businesses on October 21st
• Reuters Poll, China: growth & CPI forecasts cut.

European bourses, Stoxx 600 (-0.1%) began the session generally on a modestly firmer footing, but sentiment has waned as the session progressed, but with no fresh catalyst emerging in European hours. European sectors are mixed; Travel & Leisure takes the top spot, benefiting from lower oil prices, but also in a paring to some of the significant losses seen in the prior session. Telecoms follows closely behind, lifted by post-earning strength in Ericsson. Energy is found at the foot of the pile, alongside Basic Resources, which is hampered by continued Chinese demand fears. US Equity Futures (ES -0.1% NQ -0.2% RTY +0.1%) are trading tentatively on either side of the unchanged mark, taking a breather from the hefty gains seen in the prior session. US weighs capping NVIDIA (NVDA) and AMD (AMD) AI chip sales to some countries, according to Bloomberg. UBS Global Research has increased its 2024 year-end S&P 500 target from 5600 to 5850 and increased its 2025 target from 6000 to 6400 Earnings include: Ericsson (headline beat, CEO pointed to increasing customer momentum and N. America stabilising) Unitedhealth Group Inc (UNH) Q3 2024 (USD): adj. EPS 7.15 (exp. 7.01), Revenue 100.8bln (exp. 99.28bln). FY adj. EPS view 27.50-27.75 (exp. 27.70), FY Revenue view (exp. 399.42bln); results which sparked marked pressure in the DJIA.

Top European News

• Dutch to Cut ABN Amro Stake Further as Exits Gather Pace
• Israel: Hamas in Turkey Directed Aug. Tel Aviv Suicide Bombing
• EU Agrees COP29 Climate Stance With Money Quandry Unanswered
• UBS Must Revise Post-Takeover Emergency Plans, Finma Says
• Orange Gets Holder Consent to Amend Terms of 2031 Notes

FX

• USD is mixed vs. peers alongside a lack of fresh macro drivers for the US other than comments from Fed’s Waller who said the Fed should proceed with more caution on rate cuts than was needed at the September meeting. For now, DXY is holding above the 103 mark and within Monday’s 102.91-103.45 range.
• EUR is flat vs. the USD with not much in the way of follow-through from a mixed batch of ZEW data; focus no doubt will be on the ECB on Thursday. EUR/USD has made its way back onto a 1.09 handle but is yet to approach yesterday’s 1.0936 peak.
• GBP is incrementally firmer with not much in the way of follow-through from the latest UK jobs report, which on the surface looked hawkish given the stronger than expected employment change and unexpected decline in the unemployment rate. However, the ONS stated in the release that the report may be overstating underlying employment growth.
• JPY is attempting to claw back some lost ground vs. the USD after USD/JPY stopped shy yesterday of the 150 mark, topping out at 149.98. USD/JPY has delved as low as 149.04 vs. yesterday’s 149.01 trough.
• Antipodeans are both softer vs. the USD and towards the bottom of the G10 leaderboard. AUD/USD is just about holding above Monday’s low at 0.6701 and the 0.67 mark. NZD/USD has extended its move below the 0.61 mark and 200DMA at 0.6093, ahead of the region’s CPI later on.
• PBoC set USD/CNY mid-point at 7.0830 vs exp. 7.0840 (prev. 7.0723).

Fixed Income

• Benchmarks are bid in a continuation of Monday’s modest rebound with upside today driven by marked crude pressure and Final inflation readings from France.
• Bunds at a 133.74 peak, resistance at 133.80 and 134.03, upside spurred by the crude moves (see commodities) and French final inflation which saw the harmonised numbers revised down and factor in favour of the doves into Thursday.
• Session high for benchmarks in the wake of remarks that the EU’s fiscal burden for upcoming Ukraine aide could be reduced if the US gets involved.
• Gilts gapped higher on the above energy angle and also the regions latest employment data which shouldn’t stand in the way of continued BoE easing; 96.71 session peak printed after a robust DMO tap.
• USTs firmer with the above applying, at a 112-07+ peak; yield curve mixed (returning from holiday outages for cash) with the short end seemingly propped up by Fed’s Waller on Monday while the long-end slumps given energy.
• UK sells GBP 2.25bln 4.375% 2054 Gilt: b/c 3.08x (prev. 2.89x), average yield 4.735% (prev. 4.329%), tail 0.3bps (prev. 0.9bps)

Commodities

• Crude benchmarks are well into the red, weighed on at the beginning of the APAC session on reports that Israeli PM Netanyahu informed the US that their response to Iran will target military facilities, not nuclear or oil sites. The complex then took another leg lower after the IEA OMR saw a downgrade to their 2024 world oil demand view, primarily driven by China. Brent’Dec currently near session lows around USD 73.50/bbl.
• Spot gold is firmer, but only modestly so. At a USD 2654/oz peak, a point which is over USD 10/oz shy of Monday’s USD 2666/oz best.
• Pressured, base metals in the red across the board and 3M LME Copper within reach of USD 9.5k from a high point just shy of USD 9.7k.
• WSJ article on Chinese stimulus: “Absent from the measures are any significant moves to boost consumption. People close to the ministry say such measures are in the works but nothing substantial is imminent.”
• IEA OMR (Oct): 2024 world oil demand growth forecast to 860k bpd (prev. forecast 900k); says China is the main drag on global oil demand growth, with China’s demand expected to rise only 150k bpd in 2024.
• Russia’s seaborne oil product exports in September are up 5% on the month, according to Reuters.

Geopolitics: Middle East

• Iranian government says “Our response will be at the right time and place and we will not hesitate or rush”, via Al Arabiya.
• Israeli Broadcasting Corporation reports that a full agreement has been reached on the method, timing and strength of the response to an attack Iran, via Al Jazeera; the strike plan is awaiting the approval of the Ministerial Council for implementation.
• Israeli Broadcasting Corporation reports that a full agreement has been reached on the method, timing and strength of the response to an attack Iran, via Al Jazeera; the strike plan is awaiting the approval of the Ministerial Council for implementation.
• Israeli PM Netanyahu told the US that Israel will strike Iranian military, not nuclear or oil, targets, according to officials cited by The Washington Post.
• Israel Broadcasting Corporation cited Israeli PM Netanyahu’s office stating that they listen to the views of the US administration, but will make decisions based on Israel’s interests, according to Al Jazeera.
• UN Security Council expressed strong concern after several UN peacekeeping positions in Lebanon came under fire, while it urged all parties to respect the safety and security of UNIFIL peacekeepers and premises, as well as expressed deep concern for civilian casualties and the destruction of civilian infrastructure.
• US President Biden asked the National Security Council to inform Iran that any attempt on former President Trump’s life would be considered an act of war, according to Fox News. The White House later said it has been closely tracking Iranian threats against Trump and former Trump administration officials for years, while it warned Iran will face severe consequences if it attacks any US citizen.

Geopolitics: Other

• German official says if the US participates in the USD 50bln loan for Ukraine, the EU’s share of the loan may be reduced.
• NATO Secretary General Rutte in his first visit to Ukraine mission, welcomed plans for temporary deployment of US long-range missiles to Germany from 2026, while he said NATO will not be cowed by Russian threats and will keep its strong support of Kyiv.
• North Korea blew up part of inter-Korean roads, according to South Korea’s military. It was separately reported that South Korea’s military fired warning shots south of the demarcation line after North Korea destroyed inter-Korean roads.

US Event Calendar

• Oct. 15-Oct. 25: Sept. Monthly Budget Statement, est. $37.5b, prior -$380.1b
• 08:30: Oct. Empire Manufacturing, est. 3.6, prior 11.5
• 11:00: Sept. NY Fed 1-Yr Inflation Expectat, prior 3.00%

Central Bank speakers

• 11:30: Fed’s Daly Gives Keynote Remarks
• 13:00: Fed’s Kugler Participates in Moderated Discussion
• 19:00: Fed’s Bostic Participates in Moderated Discussion

DB’s Jim Reid concludes the overnight wrap

Even though it was a partial US holiday with US fixed income closed, the S&P 500 (+0.77%) notched up its 46th record high of 2024 last night. The next hurdle is US earnings seasons that swings back into action today with Bank of America, Citigroup, Goldman Sachs and Johnson & Johnson all reporting.

Markets got another boost right before the US open, as a Caixin report came out saying that China may issue 6tn yuan of ultra-long special government bonds as part of its fiscal stimulus. So that helped to support risk appetite, and the S&P 500 is now up +22.85% on a YTD basis, making this its strongest performance at this point in the year since 1997. Moreover, in the last 50 weeks it’s managed to advance for 36 of them, which is a joint record back to 1989.

Tech stocks were the largest driver of that rally, with information technology (+1.36%) the strongest performing sector within the S&P 500. The Magnificent 7 (+0.82%) saw a decent advance, led by a +2.43% gain for Nvidia. This saw the chipmaker post a new all time closing high, capping off a +39.6% gain from its low on August 7. This also helped the NASDAQ (+0.87%) to close less than 1% beneath its all-time high from July. There is a report overnight that the US is mulling over whether to place more limits on chipmakers exports of advanced AI chips to certain countries but the story doesn’t seem to have impacted Nasdaq futures which are flat.

Even with the tech moves yesterday, equity gains were pretty broad beyond that, with 80% of the S&P 500 constituents higher on the day and the small-cap Russell 2000 rising +0.64%. Over in Europe, the story of tech outperformance dragging up the broader indices was a clearer one, with the STOXX 600 (+0.53%) ending the day also less than 1% below its own all-time high from last month.

Whilst risk assets were climbing to new highs, oil prices started the week on a lower note amid some disappointment around the urgency surrounding China’s stimulus details as well as pricing out of geopolitical risk premium. On the China angle, investors were also concerned about several data releases, including the weekend inflation data that showed price pressures were even weaker than anticipated. Then yesterday, we had another set of trade data for September, which showed imports were only up by +0.3% year-on-year (vs. +0.8% expected), and exports only rose by +2.4% as well (vs. +6.0% expected). So the numbers were underwhelming, and yesterday also saw OPEC cut its forecast for oil demand growth in its latest report.

With this backdrop, Brent crude fell -2.00% yesterday, and it is down another -2.9% overnight amid reduced perceptions of escalation risks in the Middle East. The overnight fall follows a Washington Post report that Israeli PM Netanyahu has agreed to limit its retaliation in response to the October 1 strikes to Iran’s military targets rather than its oil facilities or nuclear installations.

Moving onto rates, it was an uneventful session thanks to the bond holiday in the US. But futures markets were open, and there were some indications that investors were becoming a bit more sceptical about rapid rate cuts from the Fed. For instance, the probability of a rate cut in November was dialled back slightly to 87%, having been at 89% at Friday’s close. And looking further out, the rate priced in by the Fed’s June 2025 meeting was up +3.2bps on the day to 3.65%. The moves came as Fed speakers continued to steer us away from expecting rapid easing, with Minneapolis Fed President Kashkari saying that “further modest reductions” would be appropriate over the quarters ahead, while Fed Governor Waller noted that “policy should proceed with more caution on the pace of rate cuts than was needed at the September meeting”. The oil move over the last 36 hours may temper some of these more hawkish rate expectations today but Treasuries have reopened fairly flat in Asia hours after the holiday.

One reason that investors have been dialling back their expectations for rate cuts is a growing focus on inflation risk. Henry pointed out yesterday that the US 5yr inflation swap has now seen its biggest jump over five weeks since early March 2023, just before SVB’s collapse. That’s been driven by several factors, but it’s clear that inflationary pressures have been building, with commodities bouncing back thanks to China’s stimulus and developments in the Middle East, whilst central banks have engaged in faster easing than was expected only a few weeks earlier, not least with the Fed cutting by 50bps last month. So with the ECB widely expected to become the latest central bank to cut rates again this week, that’s one to keep an eye on.
Ahead of the ECB’s decision, sovereign bond yields were fairly steady in Europe, with those on 10yr bunds (+0.8bps), OATs (-0.3bps) and BTPs (-1.4bps) not seeing big moves in either direction. The main exception to that pattern was here in the UK, where yields on 10yr gilts (+3.1bps) moved up to 4.24%. It also pushed the UK-German 10yr spread up to 197bps, which is the widest it’s been since August 2023.

In Asia, the Nikkei is leading the gains in the region, up by +1.58%, and reaching a three-month high as trading resumed after a holiday. The S&P/ASX 200 is also up by +0.77%, and the KOSPI has seen minor gains of +0.13%. In contrast, the Hang Seng is down by -1.24%, the CSI by -0.53%, and the Shanghai Composite by -0.52%, following weak inflation and trade data released over the past two days.

To the day ahead now, and data releases include the German ZEW survey for October, UK unemployment data for August, and Euro Area industrial production for August. There’s also Canada’s CPI release for September, and in the US there’s the Empire State manufacturing survey for October. Central bank speakers include the ECB’s Nagel, and the Fed’s Daly and Kugler. Finally, today’s earnings releases include Bank of America, Citigroup, Goldman Sachs and Johnson & Johnson.

2B) European report

Crude slumps after constructive geopolitical updates, US earnings ahead – Newsquawk US Market Open

Tuesday, Oct 15, 2024 – 06:16 AM

• European equities are mostly lower, with energy/mining names underperforming; US futures are mixed, with slight underperformance in the NQ.
• Dollar is flat, JPY outperforms whilst the Antipodeans are modestly lower.
• Bonds are firmer, continuing the modest rebound seen in the prior session, but also deriving support from lower oil prices.
• Crude is on the backfoot after constructive geopolitical updates, XAU is firmer and base metals are lower.
• Looking ahead, Canadian CPI, NZ CPI, NY Fed SCE, Fed Discount Rate Minutes, Fed’s Daly & Kugler, RBA’s Hunter, RBNZ’s Silk.
• Earnings from Johnson & Johnson, PNC Financial Services, Bank of America, Walgreens Boots Alliance, Goldman Sachs, Charles Schwab, Citigroup, United Airlines & LVMH.

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EUROPEAN TRADE

EQUITIES

• European bourses, Stoxx 600 (-0.1%) began the session generally on a modestly firmer footing, but sentiment has waned as the session progressed, but with no fresh catalyst emerging in European hours.
• European sectors are mixed; Travel & Leisure takes the top spot, benefiting from lower oil prices, but also in a paring to some of the significant losses seen in the prior session. Telecoms follows closely behind, lifted by post-earning strength in Ericsson. Energy is found at the foot of the pile, alongside Basic Resources, which is hampered by continued Chinese demand fears.
• US Equity Futures (ES -0.1% NQ -0.2% RTY +0.1%) are trading tentatively on either side of the unchanged mark, taking a breather from the hefty gains seen in the prior session.
• US weighs capping NVIDIA (NVDA) and AMD (AMD) AI chip sales to some countries, according to Bloomberg. (Bloomberg)
• UBS Global Research has increased its 2024 year-end S&P 500 target from 5600 to 5850 and increased its 2025 target from 6000 to 6400
• Earnings include: Ericsson (headline beat, CEO pointed to increasing customer momentum and N. America stabilising)
• Unitedhealth Group Inc (UNH) Q3 2024 (USD): adj. EPS 7.15 (exp. 7.01), Revenue 100.8bln (exp. 99.28bln). FY adj. EPS view 27.50-27.75 (exp. 27.70), FY Revenue view (exp. 399.42bln); results which sparked marked pressure in the DJIA.
• Click for the sessions European pre-market equity newsflow
• Click for the additional news
• Click for a detailed summary

FX

• USD is mixed vs. peers alongside a lack of fresh macro drivers for the US other than comments from Fed’s Waller who said the Fed should proceed with more caution on rate cuts than was needed at the September meeting. For now, DXY is holding above the 103 mark and within Monday’s 102.91-103.45 range.
• EUR is flat vs. the USD with not much in the way of follow-through from a mixed batch of ZEW data; focus no doubt will be on the ECB on Thursday. EUR/USD has made its way back onto a 1.09 handle but is yet to approach yesterday’s 1.0936 peak.
• GBP is incrementally firmer with not much in the way of follow-through from the latest UK jobs report, which on the surface looked hawkish given the stronger than expected employment change and unexpected decline in the unemployment rate. However, the ONS stated in the release that the report may be overstating underlying employment growth.
• JPY is attempting to claw back some lost ground vs. the USD after USD/JPY stopped shy yesterday of the 150 mark, topping out at 149.98. USD/JPY has delved as low as 149.04 vs. yesterday’s 149.01 trough.
• Antipodeans are both softer vs. the USD and towards the bottom of the G10 leaderboard. AUD/USD is just about holding above Monday’s low at 0.6701 and the 0.67 mark. NZD/USD has extended its move below the 0.61 mark and 200DMA at 0.6093, ahead of the region’s CPI later on.
• PBoC set USD/CNY mid-point at 7.0830 vs exp. 7.0840 (prev. 7.0723).
• Click for a detailed summary
• Click for NY OpEx Details

FIXED INCOME

• Benchmarks are bid in a continuation of Monday’s modest rebound with upside today driven by marked crude pressure and Final inflation readings from France.
• Bunds at a 133.74 peak, resistance at 133.80 and 134.03, upside spurred by the crude moves (see commodities) and French final inflation which saw the harmonised numbers revised down and factor in favour of the doves into Thursday.
• Session high for benchmarks in the wake of remarks that the EU’s fiscal burden for upcoming Ukraine aide could be reduced if the US gets involved.
• Gilts gapped higher on the above energy angle and also the regions latest employment data which shouldn’t stand in the way of continued BoE easing; 96.71 session peak printed after a robust DMO tap.
• USTs firmer with the above applying, at a 112-07+ peak; yield curve mixed (returning from holiday outages for cash) with the short end seemingly propped up by Fed’s Waller on Monday while the long-end slumps given energy.
• UK sells GBP 2.25bln 4.375% 2054 Gilt: b/c 3.08x (prev. 2.89x), average yield 4.735% (prev. 4.329%), tail 0.3bps (prev. 0.9bps)
• Click for a detailed summary

COMMODITIES

• Crude benchmarks are well into the red, weighed on at the beginning of the APAC session on reports that Israeli PM Netanyahu informed the US that their response to Iran will target military facilities, not nuclear or oil sites. The complex then took another leg lower after the IEA OMR saw a downgrade to their 2024 world oil demand view, primarily driven by China. Brent’Dec currently near session lows around USD 73.50/bbl.
• Spot gold is firmer, but only modestly so. At a USD 2654/oz peak, a point which is over USD 10/oz shy of Monday’s USD 2666/oz best.
• Pressured, base metals in the red across the board and 3M LME Copper within reach of USD 9.5k from a high point just shy of USD 9.7k.
• WSJ article on Chinese stimulus: “Absent from the measures are any significant moves to boost consumption. People close to the ministry say such measures are in the works but nothing substantial is imminent.”
• IEA OMR (Oct): 2024 world oil demand growth forecast to 860k bpd (prev. forecast 900k); says China is the main drag on global oil demand growth, with China’s demand expected to rise only 150k bpd in 2024. Full details.
• Russia’s seaborne oil product exports in September are up 5% on the month, according to Reuters.
• Click for a detailed summary

NOTABLE DATA RECAP

• UK Average Earnings (Ex-Bonus) (Aug) 4.9% vs. Exp. 4.9% (Prev. 5.1%); ONS’ Freeman “pay growth slowed once again, with last year’s one-off payments made to many public sector workers continuing to affect the figures for total pay. However, earnings continue to rise faster than inflation.”
  • UK ILO Unemployment Rate (Aug) 4.0% vs. Exp. 4.1% (Prev. 4.1%); Employment Change (Aug) 373k vs. Exp. 250k (Prev. 265k)
  • UK HMRC Payrolls Change (Sep) -15k (Prev. -59k, Rev. -35k)
  • French CPI (EU Norm) Final YY (Sep) 1.4% vs. Exp. 1.5% (Prev. 1.5%); MM -1.3% vs. Exp. -1.2% (Prev. 1.2%)
  • Spanish HICP Final YY (Sep) 1.7% vs. Exp. 1.7% (Prev. 1.7%); MM -0.1% vs. Exp. -0.1% (Prev. -0.1%)
  • German ZEW Economic Sentiment (Oct) 13.1 vs. Exp. 10.0 (Prev. 3.6); starting from a very poor assessment of the current situation the economic sentiment for Germany has risen in the latest survey; ZEW Current Conditions (Oct) -86.9 vs. Exp. -84.5 (Prev. -84.5)
  • EU ZEW Survey Expectations (Oct) 20.1 (Prev. 9.3)EU Industrial Production MM (Aug) 1.8% vs. Exp. 1.7% (Prev. -0.3%, Rev. -0.5%); Industrial Production YY (Aug) 0.1% vs. Exp. -1.0% (Prev. -2.2%, Rev. -2.1%)

NOTABLE US HEADLINES

• Fed’s Kashkari (2026 Voter) said they have made a lot of progress on inflation and the labour market is strong, while he added it is not worth it to have the unemployment rate shoot up. Kashkari also stated that he doesn’t think China is remotely competitive with the US and is not at all worried that the yuan could replace the dollar as the global reserve currency. Furthermore, he said the US competitive position is very strong but it can’t be taken for granted, as well as commented that Bitcoin has been around a dozen years and it’s still useless.

GEOPOLITICS

MIDDLE EAST

• Iranian government says “Our response will be at the right time and place and we will not hesitate or rush”, via Al Arabiya.
• Israeli Broadcasting Corporation reports that a full agreement has been reached on the method, timing and strength of the response to an attack Iran, via Al Jazeera; the strike plan is awaiting the approval of the Ministerial Council for implementation.
• Israeli Broadcasting Corporation reports that a full agreement has been reached on the method, timing and strength of the response to an attack Iran, via Al Jazeera; the strike plan is awaiting the approval of the Ministerial Council for implementation.
• Israeli PM Netanyahu told the US that Israel will strike Iranian military, not nuclear or oil, targets, according to officials cited by The Washington Post.
• Israel Broadcasting Corporation cited Israeli PM Netanyahu’s office stating that they listen to the views of the US administration, but will make decisions based on Israel’s interests, according to Al Jazeera.
• UN Security Council expressed strong concern after several UN peacekeeping positions in Lebanon came under fire, while it urged all parties to respect the safety and security of UNIFIL peacekeepers and premises, as well as expressed deep concern for civilian casualties and the destruction of civilian infrastructure.
• US President Biden asked the National Security Council to inform Iran that any attempt on former President Trump’s life would be considered an act of war, according to Fox News. The White House later said it has been closely tracking Iranian threats against Trump and former Trump administration officials for years, while it warned Iran will face severe consequences if it attacks any US citizen.

OTHER

• German official says if the US participates in the USD 50bln loan for Ukraine, the EU’s share of the loan may be reduced.
• NATO Secretary General Rutte in his first visit to Ukraine mission, welcomed plans for temporary deployment of US long-range missiles to Germany from 2026, while he said NATO will not be cowed by Russian threats and will keep its strong support of Kyiv.
• North Korea blew up part of inter-Korean roads, according to South Korea’s military. It was separately reported that South Korea’s military fired warning shots south of the demarcation line after North Korea destroyed inter-Korean roads.

CRYPTO

• Bitcoin is modestly softer, taking a breather following the hefty gains seen in the prior session.

APAC TRADE

• APAC stocks traded mixed as most major indices followed suit to the gains stateside where a tech rally led the S&P 500 and Dow to fresh all-time highs, although Chinese markets lagged following weak trade data.
• ASX 200 climbed to a record high with advances led by the top-weighted financial sector and miners.
• Nikkei 225 outperformed and gapped back above the 40,000 level on return from the long weekend.
• Hang Seng and Shanghai Comp were pressured after weak trade data and stimulus disappointment, while trade frictions also lingered with the US mulling capping NVIDIA and AMD AI chip sales to some countries.

NOTABLE ASIA-PAC HEADLINES

• Chinese banks mull cutting rates on CNY 300tln of deposits as early as this week with the major banks to be guided by the PBoC’s interest rate self-disciplinary mechanism to lower rates on a number of deposit products, according to Bloomberg.
• China began enforcing an up to 20% tax on overseas investment gains by the country’s ultra-rich.
• US weighs capping NVIDIA (NVDA) and AMD (AMD) AI chip sales to some countries, according to Bloomberg.
• China and NDRC are to hold a meeting on financing for small businesses on October 21st
• Reuters Poll, China: growth & CPI forecasts cut.

2C ASIAN REPORT

US tech rally drives all time highs, earnings ahead; Crude pressured by geopols – Newsquawk Europe Market Open

Tuesday, Oct 15, 2024 – 01:16 AM

• APAC stocks traded mixed as most major indices followed suit to the gains stateside where a tech rally led the S&P 500 and Dow to fresh all-time highs.
• Fed’s Waller (Voter) said the Fed should proceed with more caution on rate cuts than was needed at the September meeting.
• European equity futures are indicative of a positive cash open with the Euro Stoxx 50 future +0.3% after the cash market closed higher by 0.7% on Monday.
• DXY is firmer and just above the 103 mark, EUR/USD has traded on both sides of the 1.09 mark overnight, USD/JPY ran out of steam ahead of 150.
• Looking ahead, highlights include German Wholesale Price Index, UK Jobs, Swedish CPI, EZ/German ZEW Survey, Canadian CPI, NZ CPI, IEA OMR, SARB Policy Announcement, NY Fed SCE, Fed Discount Rate Minutes, Fed’s Daly & Kugler, RBA’s Hunter, RBNZ’s Silk, Supply from UK
• Earnings from UnitedHealth Group, Johnson & Johnson, PNC Financial Services, Bank of America, Walgreens Boots Alliance, Goldman Sachs, Charles Schwab, Citigroup, United Airlines, LVMH & Bellway.

SNAPSHOT

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US TRADE

EQUITIES

• US stocks were underpinned from the open and both the S&P 500 and DJIA printed fresh record highs amid a tech rally which also saw Nvidia shares notch a record closing high, while nearly all sectors gained aside from energy due to recent declines in oil prices owing to China data and stimulus-related disappointment. Furthermore, the sell-off in oil was later exacerbated after it was reported that Israeli PM Netanyahu told the US that Israel will strike Iranian military, not nuclear or oil, targets.
• SPX +0.77% at 5,860, NDX +0.82% at 20,439, DJIA +0.47% at 40,065, RUT +0.64% at 2,249.
• Click here for a detailed summary.

NOTABLE HEADLINES

• Fed’s Waller (Voter) said the Fed should proceed with more caution on rate cuts than was needed at the September meeting and the baseline calls for reducing the policy rate gradually over the next year with the policy rate currently restrictive. Waller said if the economy proceeds as expected, they can move policy to a neutral stance at a deliberate pace and if in a less likely case, inflation falls below 2% or the labour market deteriorates, the Fed can front-load rate cuts, while he added that if inflation unexpectedly climbs, the Fed could pause rate cuts and noted the latest inflation data was disappointing.
• Fed’s Kashkari (2026 Voter) said they have made a lot of progress on inflation and the labour market is strong, while he added it is not worth it to have the unemployment rate shoot up. Kashkari also stated that he doesn’t think China is remotely competitive with the US and is not at all worried that the yuan could replace the dollar as the global reserve currency. Furthermore, he said the US competitive position is very strong but it can’t be taken for granted, as well as commented that Bitcoin has been around a dozen years and it’s still useless.

APAC TRADE

EQUITIES

• APAC stocks traded mixed as most major indices followed suit to the gains stateside where a tech rally led the S&P 500 and Dow to fresh all-time highs, although Chinese markets lagged following weak trade data.
• ASX 200 climbed to a record high with advances led by the top-weighted financial sector and miners.
• Nikkei 225 outperformed and gapped back above the 40,000 level on return from the long weekend.
• Hang Seng and Shanghai Comp were pressured after weak trade data and stimulus disappointment, while trade frictions also lingered with the US mulling capping NVIDIA and AMD AI chip sales to some countries.
• US equity futures (ES +0.1%, NQ U/C) remained afloat after the record highs seen during Wall Street trade.
• European equity futures are indicative of a positive cash open with the Euro Stoxx 50 future +0.3% after the cash market closed higher by 0.7% on Monday.

FX

• DXY held onto the gains from Columbus Day which were attributed to the Trump effect on the dollar after recent polls suggested a tighter election as Trump narrowed the gap between him and Harris, while the upside was also capped as participants digested the latest Fed rhetoric.
• EUR/USD traded indecisively with price action kept within a tight range on both sides of the 1.0900 level.
• GBP/USD oscillated around the 1.3050 focal point ahead of the latest UK jobs and average earnings data.
• USD/JPY marginally softened in a mild pullback after hitting resistance just shy of the 150.00 handle.
• Antipodeans ultimately softened amid a weaker yuan and the downbeat mood in China.
• PBoC set USD/CNY mid-point at 7.0830 vs exp. 7.0840 (prev. 7.0723).

FIXED INCOME

• 10yr UST futures mildly extended on the prior day’s intraday rebound which was helped by comments from Fed’s Waller who outlined several potential scenarios and noted if the economy proceeds as expected, the Fed can move policy to a neutral stance at a “deliberate pace”.
• Bund futures remained underpinned after having recently bounced off support at the 133.00 level, while the attention now turns to upcoming data releases including German WPI and ZEW survey.
• 10yr JGB futures mildly weakened on reopening from the long weekend with prices also not helped by a lack of fresh drivers and softer demand at the enhanced liquidity auction for long-end JGBs.

COMMODITIES

• Crude futures fell after recent China-related disappointment with the sell-off exacerbated after a report that Israeli PM Netanyahu told the US that Israel will strike the Iranian military and not nuclear or oil targets.
• Spot gold traded indecisively after the prior day’s fluctuations and amid an uneventful dollar.
• Copper futures were subdued amid the downbeat mood in China owing to recent disappointing data.

CRYPTO

• Bitcoin was pressured and retreated beneath the USD 66,000 level.

NOTABLE ASIA-PAC HEADLINES

• Chinese banks mull cutting rates on CNY 300tln of deposits as early as this week with the major banks to be guided by the PBoC’s interest rate self-disciplinary mechanism to lower rates on a number of deposit products, according to Bloomberg.
• China began enforcing an up to 20% tax on overseas investment gains by the country’s ultra-rich.
• US weighs capping NVIDIA (NVDA) and AMD (AMD) AI chip sales to some countries, according to Bloomberg.

GEOPOLITICS

MIDDLE EAST

• Israeli PM Netanyahu told the US that Israel will strike Iranian military, not nuclear or oil, targets, according to officials cited by The Washington Post.
• Israeli PM Netanyahu held a secret meeting with Defence Minister Gallant and Chief of Stall Halevi to discuss a possible attack on Iran, according to Al Jazeera citing Israeli press.
• Senior Israeli security official said the response to the Iranian attack will be strong and Israel must be prepared for the Iranian reaction, while they “must prepare for the exchange of blows, which may drag Washington into war, which it does not want”.
• Israel Broadcasting Corporation cited Israeli PM Netanyahu’s office stating that they listen to the views of the US administration, but will make decisions based on Israel’s interests, according to Al Jazeera.
• Israeli PM Netanyahu said they will continue to strike Hezbollah mercilessly throughout Lebanon, including in Beirut.
• Israeli Defence Minister Gallant told US officials that Israel will not impose a “starvation plan” in Gaza, according to Axios’s Ravid.
• UN Security Council expressed strong concern after several UN peacekeeping positions in Lebanon came under fire, while it urged all parties to respect the safety and security of UNIFIL peacekeepers and premises, as well as expressed deep concern for civilian casualties and the destruction of civilian infrastructure.
• There will be an international conference on Lebanon in France where over 20 countries agree to participate and they will discuss increasing pressure on Israel to avoid expanding its war on Lebanon, according to Sky News Arabia.
• US President Biden asked the National Security Council to inform Iran that any attempt on former President Trump’s life would be considered an act of war, according to Fox News. The White House later said it has been closely tracking Iranian threats against Trump and former Trump administration officials for years, while it warned Iran will face severe consequences if it attacks any US citizen.

OTHER

• NATO Secretary General Rutte in his first visit to Ukraine mission, welcomed plans for temporary deployment of US long-range missiles to Germany from 2026, while he said NATO will not be cowed by Russian threats and will keep its strong support of Kyiv.
• North Korea blew up part of inter-Korean roads, according to South Korea’s military. It was separately reported that South Korea’s military fired warning shots south of the demarcation line after North Korea destroyed inter-Korean roads.

EU/UK

NOTABLE HEADLINES

• UK Chancellor Reeves announced over GBP 60bln of investments into the UK yesterday and said they will stick to manifesto commitments not to raise taxes on working people when asked about national insurance paid by companies.

3B NORTH KOREA/SOUTH KOREA

3C JAPAN

3D. CHINA

Scary and we have Bozo Biden at the helm!

(zerohedge)

China Initiates Huge Military Drills Around Taiwan In Warning To Island’s President

Monday, Oct 14, 2024 – 08:45 AM

On Monday China has launched large military drills encircling the self-governing island of Taiwan, which Taipei has blasted as an “unreasonable provocation”. China’s PLA military deployed warships and fighter jets to send a “stern warning” against “separatist acts of Taiwan independence forces”.

The PLA Eastern Theater Command deployed joint operations of the army, navy, air force and rocket force. These assets have been largely concentrated in the Taiwan Strait, as well as surrounding Taiwan. “The joint drills focused on sea and air combat readiness, blockading key Taiwanese ports and areas, and assaults on maritime and ground targets,” described the eastern theatre command’s spokesperson, senior captain Li Xi.

“The drill also serves as a stern warning to the separatist acts of ‘Taiwan independence’ forces,” Li added. The last drills of this size occurred just after the May 20th inauguration of Taiwan’s new president Lai Ching-te.

Just before these fresh drills, China’s military issued and circulated a propaganda video entitled “prepared for battle” on vairous social media accounts. The about one-minute video features fighter jets, warships and amphibious assault vessels taking to the air and sea near Taiwan. Mobile rocket launchers are also seen being maneuvered and made ready for attacks. Text associated with the video said Chinese forces are “prepared for battle at all times and can fight anytime.”

The day prior, on Sunday, Taiwan’s Defense Ministry confirmed that the Chinese aircraft carrier Liaoning entered waters near the strategic Bashi Channel south of Taiwan.

Importantly, China’s Defense Ministry has also forewarned that PLA military actions will be “pushed further with each provocation of Taiwan independence until the issue is entirely resolved.” So there is likely more ahead in the coming months.

Watch the propaganda video released by the PLA Eastern Theatre Command:

This propaganda video was posted by PLA's Eastern Theater Command, which covers Taiwan. The video shows, Chinese soldiers sailors & pilots in war mode ready to "Conquer" Taiwan in the blink of an eye! 1/3 @MalayaIrredenta pic.twitter.com/3y64LcZmjZ

— wanjiru kamanu (@WanjiruKamanu) October 14, 2024

CNN cited analysts who describe that Monday’s drills “appeared less intense than earlier versions but were part of general strategy of both keeping Taiwan under pressure and normalizing regular war games.”

Beijing is presenting these new drills as a necessary response to a speech last Thursday by Taiwan’s president Lai on the occasion of National Day. He emphasized that the People’s Republic of China “has no right to represent Taiwan”.

Polymarket: Will China invade Taiwan in 2024?

https://embed.polymarket.com/market.html?market=will-china-invade-taiwan-in-2024&features=volume&theme=light

On Monday in response to the drills Taiwan’s presidential office called on China to “cease military provocations that undermine regional peace and stability, and stop threatening Taiwan’s democracy and freedom.”

President Lai has convened national security meetings to monitor and address the provocative war exercises. “In the face of external threats, I would like to reassure my compatriots that the government will continue to defend the democratic and free constitutional system, protect democratic Taiwan, and safeguard national security,” Lai stated on social media.

As expected, China announces PLA Joint Sword-2024B exercises (1st map). China Coast Guard exercises as well (2nd map). https://t.co/OSaC8uikOghttps://t.co/eZa2wheu77 pic.twitter.com/H8LKSzX6JJ

— Brian Hart (@BrianTHart) October 14, 2024

Taiwan’s Mainland Affairs Council also slammed the “blatant provocations” which harm regional peace and stability.  Taiwan’s military has in response deployed its own warships and fighter aircraft, as well as land-based radar systems. However, none of this is likely to deter continuing support from the United States and Western partners, something which also constantly angers China.

4.EUROPEAN AFFAIRS//UK /SCANDINAVIAN AFFAIRS

SPAIN

EU/RUSSIA/

Robert H to us:

Upheaval cometh

“We are all connected. No matter how much we fight this reality. 

We have already entered a recession that will likely last until mid 2028. It is just that today it is not a subject to be publicly admitted to. 

While America’s political mess is both laughable and sad the EU is in big trouble. The EU problems stem from the failure to adopt common debt while having a common currency. It never works. The slaughter of Germany’s industry due to being cut off from cheap Russian energy is taking its toll in lost activity, economic productivity as all overseas markets are troubled, and demand is falling for all manner of goods. Add to this the prospect of war and a storm cometh that no one can stop. And when it does, often no one controls the real outcomes. 

This prospect of war is causing severe problems in the bond market. WW1 moved the capital to New York and WWII made the USD defacto Reserve currency of the world. What this new prospect of war will bring is not a set outcome. Everything is a question of confidence. Because war is never an answer to economic problems. And in this prospect of WAR the West will lose. It simply is not ready!  One only has to look at what is happening in Ukraine in the death toll of Ukrainians to realize it is beyond stupid because there is no win against Russia; only ruin. Especially, given Russia’s technology advances in hypersonic missiles. Zelensky invaded Russia for what? The idea was to force Russia to attack NATO. So far Russia has not taken the bait. In America, the Department of Defense stopped Biden from giving Zelensky long range weapons because they do not want WAR. Unlike the Politicos they understand there is no win. Ukrainians are like the Kurds in Iraq because it never was a country. Its’ borders were artificial in creation. Should Canada try and take Quebec and eliminate the French language?  Even the Pope has come out against Zelensky. In Kursk, Russia the Ukrainians sent in 2 initial waves 22,000 men and has sent a total of 32,000. So far over 23,000 are dead! IS THIS LOGICAL? Id this what winning looks like? As it is, in the not to distant future Ukraine and Ukrainians will cease to exist. The population is been halved ( around 19 million now) and over 1.2 million Ukrainians are dead. All needlessly slaughtered for nothing as Ukraine could never win against Russia. Soon the population there will be too small to carry on. And believe me, Putin is a Dove compared to what comes after him. The Kremlin has it’s own Neocons, just like America. Just like Neocon dreams of conquering Russia is a dream. Russia will never give in. All attempts to conquer Russia will fail because Russia will fight to the last Russian and the last missile. Russians understand death. They lost over 23 million people during WWII. 

No average person wants to go to war because the common folk never gain. To ruin economies to die for Ukraine is a very cruel act. People forget that Russians rebuild Kiev which was destroyed during WWII. Many Europeans harbor resentment against other European nationals because Europe has had war for centuries as countries fought. The kingdoms of old were replaced by governments who seemingly act like their past rulers. These old divisions and attitudes still very much exist. Every country has something to say about another European from another country. 

War brings price controls and the like because politicians try and control narratives while war takes its toll. Stock markets can be shut down as can capital markets due to capital flight. The REAL concern is that free markets maybe shut down before the coming election in America or early thereafter if real war comes. Neither oil or gold prices are free any more. 

Possible Capital controls are not an illusion. Today every country is desperate to collect tax where ever they can. People are very concerned about cancellation of currency. Do you know that 70% of paper money in USD is outside of the US because so many countries have cancelled paper currencies. Whereas the US has not done so. I have experienced this in a number of paper currencies. And no longer hold currencies after traveling  because you just are not told when it is cancelled. It does not matter whether it is Swiss Francs or British pounds. It is so bad now that some banks will not even take back currency you bought and have left after a trip. And in one case they actually check the numbers on the currency be returned to be sure they gave to you. I had this happen on 500 euro not used. 

So when early this morning, Putin made this statement: “The world is facing a fatal and irreversible turning point!” there was nothing else said but it is a huge cautionary flag not to be ignored. Something big is brewing. Be this in Ukraine or in the Middle East or both. 

Are we blind? The Western world has a monster sized debt crisis and our problem comes when no one wants to buy the debt. We are coming to the end of this current debt cycle. And when it does the music will STOP! Do you know that China holds 10% of American debt? They dumped $53 billion in the 1st quarter of this year. They are not stupid; they know that if there is a war over Taiwan the debt would never be paid.China knows this. It is doubtful that anyone really trusts what the West says. And this is very sad. And explains the rise of the BRICS. Watch what happens in Kazan Russia and what announcements are made around the 17th of October. Consider the implications if all LNG and oil supplies are priced in the BRICS and not in USD. The ESF will not be able to rig exchange prices to hold false USD value. It will find a new equilibrium. Are any of us ready for this type of shock?

When the day comes that there are not enough people to buy the debt will be the day the music will stop. The question is how we will cope with this and come out on the other side intact. It is very doubtful that currencies and countries will be the same after the next several years. “

 

5 RUSSIAN AND MIDDLE EASTERN AFFAIRS

end

Israel At War On Multiple Fronts During Yom Kippur For First Time Since 1973

Saturday, Oct 12, 2024 – 12:15 PM

On Saturday Lebanese Hezbollah fired dozens of rockets into northern Israel, resulting in emergency warning sirens blaring in Israeli cities throughout the day, including even in Tel Aviv at times.

The constant rocket and drone launches are happening throughout this weekend’s Yom Kippur holiday. The country is on ‘high alert’ – and local media has noted it is the first Yom Kippur that Israel has spent at war on multiple fronts since the 1970s.

“Israel shut down late on Friday afternoon for Yom Kippur, the Jewish Day of Atonement and the holiest day of the Jewish calendar, with the country embroiled in an active war on the Holy Day for the first time since 1973,” Times of Israel describes. The emergency situation has left many streets throughout the country empty – but this is also due to the ‘high holy day’.

“The country was on high alert, with troops continuing combat operations in Lebanon and Gaza and special alert systems in place to warn the population amid near-constant rocket fire and spiraling tensions with Iran,” the report continues. “More than 120 rockets were fired at Israel in the first hours of the holiday.”

For a review of the historic “Yom Kippur War”:

On October 6, 1973 — Yom Kippur, the holiest day in the Jewish calendar (and during the Muslim holy month of Ramadan) — Egypt and Syria launched a coordinated surprise attack against Israel. The equivalent of the total forces of NATO in Europe was mobilized on Israel’s borders. On the Golan Heights, approximately 180 Israeli tanks faced an onslaught of 1,400 Syrian tanks. Along the Suez Canal, fewer than 500 Israeli defenders with only three tanks were attacked by 600,000 Egyptian soldiers, backed by 2,000 tanks and 550 aircraft.

Not only is Hezbollah vowing more rockets, but it has even begun issuing new ‘warnings’ to Israeli civilians. This also as Iran and Israel are on the brink of a direct shooting war, and paramilitaries in Iraq and the Houthis of Yemen have also vowed to attack.

On Saturday the Iran-linked Lebanese paramilitary group said that it will target residential buildings and bases in northern Israel which are believed used by the Israeli military.

Here’s what the group said on Telegram:

“The ‘Israeli’ enemy army is using the homes of settlers in some settlements in northern occupied Palestine as gathering points for its officers and soldiers, and its military bases that manage the aggression against Lebanon are located within settlement neighborhoods in major occupied cities such as Haifa, Tabaraya [Tiberias], and Acre [Akka]. These homes and military bases are targets for the rocket and air forces of the Islamic Resistance, and we warn settlers against being near these military gatherings for their safety until further notice.”

It seems a mirror warning of the type of statements the IDF has issued for weeks. Israel has told Lebanese civilians to flee areas of south Beirut, including residential buildings, alleging that Hezbollah uses them for operations.

Israel has also accused Hezbollah of storing weapons in Lebanese civilian homes, including in the south of the country. Recent weeks have seen a high civilian casualty count as the IDF bombs several areas of Lebanon.

Hezbollah drone passes by a balcony in Tel Aviv👀 pic.twitter.com/Ur2aVNCO80

— روني الدنماركي (@Aldanmarki) October 11, 2024

All of this strongly suggests the war in Lebanon will not end anytime soon, despite the Israeli army previously saying its offensive would only last a few weeks. Israel could unleash a major attack on Iranian oil or even nuclear and military sites at any moment.

END

https://twitter.com/akumar92/status/184294600474168527

ISRAEL/HEZBOLLAH/SUNDAY

IDF carries out 200 attacks in Lebanon, Hezbollah continues to strike the North

IDF strikes Hezbollah’s infrastructure in Lebanon after over 150 rockets hit Israel on Yom Kippur, but rocket fire continues.

By YONAH JEREMY BOBOCTOBER 13, 2024 10:46Updated: OCTOBER 13, 2024 12:41

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fisrael-news%2Farticle-824331&unitId=2900003088&userId=1938e01a-2e38-4f76-9d42-6dd0304d8a0a&isLegacyBrowser=false&isPartitioningSupport=1&version=20241010_6d7ddf7be66ec58bc5f4f6bc2662519dc1dc70ba&useBunnyCDN=0&themeId=140&unitType=tts-player

The IDF carried out 200 airstrikes against Hezbollah targets across Lebanon over the last 24 hours while also maintaining four divisions, destroying the terror group’s south Lebanon infrastructure, they announced on Sunday. However, it still failed to substantially reduce rocket fire on the home front.

Over Yom Kippur, Hezbollah pounded Israel with over 150 rockets, sending one million Israelis into safe rooms and bomb shelters.

Hezbollah also succeeded at striking a residential area in Herzliya with a drone.

While no one was killed by the Hezbollah rockets, three people were wounded, and two weeks into the IDF’s invasion of southern Lebanon, there were no signs that the added military pressure alone would dramatically reduce the rocket fire.

Moreover, when The Jerusalem Post was in southern Lebanon on Thursday speaking to senior IDF officials, they did not describe significantly reducing the rocket fire as part of their mission, but rather, their mission was almost exclusively to eliminate Hezbollah’s ability to invade northern Israel with Radwan ground troops.

Other IDF sources have indicated that Hezbollah’s rocket arsenal has been reduced by about 50-70%. However, considering that its pre-war arsenal consisted of around 150,000 rockets, there is no reason why it could not sustain a daily rocket fire of 50-200 rockets indefinitely, as it has been doing recently.

IDF continues its fight against Hezbollah

In addition, the IDF has hit many of Hezbollah’s “valuable” targets, having killed its three-level commanders already, such that Sunday’s description of targets was more of a generic list of striking rockets cells, anti-tank cells, and rank and filed Hezbollah fighters.

In Gaza, the IDF attacked 40 Hamas targets and killed dozens of terrorists in the last 24 hours.

Division 162 continued to destroy Hamas weapons, grenades, and mines in Jabalia in northern Gaza, where it started an operation – the fourth invasion of that area – last week. Furthermore, the IDF said that it destroyed the rocket firing cell, which had fired two rockets at Ashkelon on Yom Kippur.

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The IDF has not confirmed whether it is implementing a plan proposed by Brig. Gen. Giora Eiland and hundreds of mid-level reservist officers to evacuate all Palestinian civilians from northern Gaza and completely isolate Hamas from that area. However, it appears that in practice, the IDF has been carrying out this policy to a substantial extent.

Though numbers are still rough, it is already possible that a majority of the 150,000-250,000 Palestinian civilians who were in northern Gaza last week have already been moved to southern or central Gaza.

END

ISRAEL/HEZBOLLAH

Israel should bomb their ports. This would stop the imports of food which they badly need. The war would end quickly.

Hezbollah fires over 115 projectiles into Israel, 25 IDF soldiers wounded in northern combat

These attacks follow Hezbollah’s claim on Sunday morning that the terrorist group hit an IDF unit near Zar’it with missiles, including a Burkan missile.

By YOAV ETIELOCTOBER 13, 2024 15:56

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fisrael-news%2Farticle-824383&unitId=2900003088&userId=1938e01a-2e38-4f76-9d42-6dd0304d8a0a&isLegacyBrowser=false&isPartitioningSupport=1&version=20241010_6d7ddf7be66ec58bc5f4f6bc2662519dc1dc70ba&useBunnyCDN=0&themeId=140&unitType=tts-player

25 IDF soldiers were hospitalized after being wounded in combat in southern Lebanon, Israeli media reported on Sunday. Two were described as seriously wounded, and 23 were moderately or lightly wounded.

17 of the wounded have been brought to the Galilee Medical Center in Nahariya. Four of the wounded were airlifted to the Rambam Health Care Campus in Haifa, and another four were hospitalized at the Sheba Medical Center in Tel Hashomer. 

These attacks follow Hezbollah’s claim on Sunday morning that the terrorist group hit an IDF unit near Zar’it with missiles, including a Burkan missile, and reported a direct hit. Earlier on Sunday, a rocket was fired at Metulla and exploded in an open area.

Barrages towards Israel, some rockets fall inside Lebanon

Over the weekend, including over Yom Kippur, five barrages of dozens of rockets were fired at northern Israel, most of which were intercepted. Fragments from the interceptions damaged several houses, including rockets falling in agricultural areas and inside Lebanese territory. 

David Azulai, head of the Metula Local Council, said, “I am glad that the IDF continues to act and expand its operations to other villages, but we must remember that we cannot afford to be complacent. The return to normal life is still far off, and the threat to the towns along the border remains far from being lifted. We hope for calmer and better days ahead.”

Additionally, the IDF announced on Sunday afternoon that 115 projectiles were fired by Hezbollah and crossed into Israeli territory.

The IDF struck 240 targets in Gaza and Lebanon over the course of Saturday and Sunday. Among the targets hit were terrorist squads, launchers, military structures, anti-tank positions, and command posts.

In Gaza, soldiers targeted the launcher used for the recent barrage toward the Ashkelon area over the weekend. Troops eliminated several armed terrorists, and in one strike, an Israel Air Force aircraft identified and eliminated an RPG-armed terrorist squad near Israeli soldiers. 

The Jerusalem Post Staff contributed to this report.

end 

HEZBOLLAH

Hezbollah runs out of money following repeated Israeli strikes – report

The reason for this:

1. Iran is afraid to send money as Israel is monitoring the airports
2. Lebanese bankers are fled the country fearing a missile attack on them!
3. cannot pay rank and file members

The findings reportedly identified Hezbollah’s main source of income as coming from the Lebanese banking institution Al-Qard al-Hasan.

By JERUSALEM POST STAFFOCTOBER 13, 2024 19:12Updated: OCTOBER 13, 2024 19:35

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fmiddle-east%2Farticle-824413&unitId=2900003088&userId=1938e01a-2e38-4f76-9d42-6dd0304d8a0a&isLegacyBrowser=false&isPartitioningSupport=1&version=20241010_6d7ddf7be66ec58bc5f4f6bc2662519dc1dc70ba&useBunnyCDN=0&themeId=140&unitType=tts-player

Hezbollah has been allegedly faced with severe financial difficulties as a result of Israeli military actions that have targeted their funding sources, according to an exclusive Friday VOA report. 

According to the report, the findings of the Lebanese terror group’s financial struggles came after speaking to US and Lebanon-based researchers, along with alleged US Treasury Department reports. 

The findings reportedly identified Hezbollah’s main source of income as coming from the Lebanese banking institution Al-Qard al-Hasan (AQAH).

According to Israel’s Meir Amit Intelligence and Terrorism Information Center (ITIC), AQAH had ” grown into a major institution with branches in Hezbollah’s southern Beirut stronghold of Dahiyeh and other Hezbollah-dominated parts of Lebanon,” the report said. 

The researchers also said that Hezbollah had other financial sources through Lebanon’s licensed commercial banks and from arrivals of “cash-bearing” planes at Beirut’s airport, according to the report.

VOA’s report of Hezbollah’s lack of funding has come after Israel has reportedly escalated its attacks on the terror group’s assets, including airstrikes on AQAH’s branches, causing significant damage.

AQAH has operated as a key financial institution since its founding in 1982 and has grown into a major source of funding for Hezbollah’s operations, according to the report.

‘A very serious financial problem’

“Hezbollah is facing a very serious financial problem. They are unable to pay rank-and-file members who have fled their homes and need to feed their families,” said Hilal Khashan, a political science professor. 

Furthermore, Lebanese finances have also been strained due to a loss of access to its banking system. According to the report, many of Lebanon’s wealthiest bankers, who may have facilitated Hezbollah’s money laundering activities, have fled the country, fearing Israeli reprisals.

“These Lebanese bankers, most of them billionaires, see the wind is blowing against Hezbollah, so they are not going to let it take millions of dollars out of their banks,” David Asher, a former US official, reportedly said.

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---

“I’m hearing from Lebanese bankers, including Hezbollah financiers, that Lebanon’s wealthiest bankers who can afford to fly have fled to Europe and the Gulf, fearing they could be targeted next by Israel for helping Hezbollah,” Asher noted. 

“I’ve heard from my Israeli counterparts that the Iranians are scared to send money to Lebanon right now because Israel is threatening to target flights into Beirut. The Israelis are warning they will target flights full of money, not just weapons,” he added. 

Additionally, the report noted that flights carrying cash from Iran to Hezbollah had been interrupted by Israel’s intensified air patrols over Beirut’s airport. Israel warned it will target flights suspected of carrying money or weapons.

However, despite the alleged financial hit that Hezbollah has been faced with, the group has appeared to keep its determination to fight intact.

“Keeping up the fight depends more on the availability of food and ammunition. When your fight is motivated by religious zeal, you have more fundamental issues to worry about than the availability of cash,” said Kashan in the report. 

In terms of the Lebanese government’s role, it has started to exert more control over Beirut’s airport and cargo shipments, inspecting flights to ensure compliance with Lebanese laws and the prevention of smuggling cash or weapons to Hezbollah, the report noted. 

end

IRAN

I would be willing to bet that Qaani is a Mossad agent. He was supposed to attend the meeting to elect the new leader Safieddine but skipped out at the last moment. He is now under arrest in Iran

(JerusalemPost)_

After claims he died, reports now say Iran’s Quds Force chief alive but under arrest

Esmail Qaani is rumored to be suspected of involvement in intel breach that allowed Israel to devastate Hezbollah; reportedly had heart attack during investigation

By ToI Staff11 October 2024, 11:23 am

Iranian Quds Force commander General Esmail Qaani (R) arrives for the inauguration of new Iranian President Masoud Pezeshkian at the parliament in Tehran, on July 30, 2024. (AFP)

Rumors have continued to swirl in recent days over the status of Esmail Qaani, the head of Iran’s extraterritorial Quds Force who hasn’t been seen in public for several weeks.

Qaani has been conspicuously absent since he traveled to Beirut two days after the massive Israeli airstrike late last month that killed Hezbollah leader Hassan Nasrallah and several other top commanders, including an Islamic Revolutionary Guard Corps deputy commander.

After unconfirmed reports that he had been killed in a subsequent Israeli strike in Beirut alongside a top Hezbollah leader, claims have now surfaced on Arabic and regional media that while he is alive, Qaani is being investigated by the IRGC, of which his Quds Force is part, on suspicion of involvement in Israeli intelligence infiltration and of playing a part in Israel’s assassination late last month of Hezbollah chief Hassan Nasrallah.

Earlier this week, the Al-Arabiya news site, owned by the Saudi government, suggested that Qaani was “subject to surveillance and isolation, after the Israeli assassinations of prominent Iranian leaders.”

On Wednesday, the UK-based Middle East Eye website, which has opaque funding that some trace to Qatar, also reported that Qaani was alive and unharmed, and under investigation by Iranian authorities, probably in Tehran.

“The breach was 100 percent Iranian and there is no question about this part,” a source close to Hezbollah told Middle East Eye, with Lebanese and Iraqi sources saying Qaani was “under house arrest,” and being questioned by people under the direct supervision of Iranian Supreme Leader Ayatollah Ali Khamenei.

A man looks on as smoke rises from buildings in Dahiyeh, Beirut, Lebanon, October 6, 2024. (AP/Hussein Malla)

On Thursday, Sky News Arabic reported that Qaani, in the course of interrogations by the IRGC, had a heart attack and was rushed to a hospital. The report also said Qaani’s chief of staff, Ehsan Shafiqi, is under scrutiny.

All the reports remain unconfirmed, and none could be independently verified.

Some of the reports have suggested that Qaani came under suspicion by the Iranian government after an Israeli airstrike targeted presumed Nasrallah successor Hashem Safieddine, in a meeting that Qaani was supposed to attend. This is the same strike in which he was previously rumored to have been killed.

On Wednesday, an adviser to the IRGC commander-in-chief Hossein Salami dismissed the speculation, telling semi-official Iranian news agency Tasnim that the Quds Force leader was “in perfect health,” and that he would in fact receive a military honor from Supreme Leader Ali Khamenei “in the next few days.”

Tehran named Qaani the head of the IRGC’s Quds Force after the United States assassinated his powerful predecessor Qassem Soleimani in a drone strike in Baghdad in 2020. The IRGC is a US-designated terrorist organization.

The Quds Force spearheads dealings with Iran’s proxy groups across the Middle East, which include Hezbollah in Lebanon, Hamas in Gaza and the Houthi rebels in Yemen.

A demonstrator stands in the rain holding a photo of (L to R) Iran’s Supreme Leader Ali Khamenei, late Lebanese Hezbollah leader Hassan Nasrallah, killed by an Israeli airstrike on September 27, 2024, and Iran’s Islamic Revolutionary Guard Corps (IRGC) Quds Force commander Qasem Soleimani, killed by a US drone strike in January 2020, during an anti-Israel protest in Tehran’s Palestine Square on September 28, 2024. (Atta Kenare/ AFP)

Iran’s proxy forces in the Middle East have been attacking Israel since October 7, 2023, when the Hamas terror group launched a cross-border assault into the country, killing some 1,200 people and taking 251 hostages, starting an ongoing war.

Hezbollah, which began attacking Israel daily in the wake of the Hamas attack, has suffered a series of devastating security breaches in recent weeks, including the explosions of thousands of their operatives’ pagers and walkie-talkies in an attack widely blamed on Israel, and Israeli airstrikes that have devastated the group’s leadership.

Earlier this month, Israel launched a ground offensive in southern Lebanon to push back the terror group, destroy its weapons stores and infrastructure, and remove the threat of an invasion from Lebanon similar to Hamas’s attack last year from Gaza.

The reported investigation into Israeli infiltration also comes after Iran launched some 181 ballistic missiles at Israel earlier this month, killing one Palestinian and wounding two Israelis, though most missiles were intercepted by air defenses.

Israel has vowed to respond to that attack, in a time and manner of its choosing, and is said to be considering strikes on Iranian military bases, oil infrastructure or even nuclear facilities.

END

ISRAEL/BINYAMINA/HEZBOLLAH

4 in critical, condition, 3 seriously and a total of 67 wounded in a drone strike on civilians. Israel will now by ready for a big attack on Iran and Lebanon.

(Jerusalem Post)

Unprecedented Lebanese drone attack wounds 67 near Binyamina, four in critical condition

Three UAVs were launched toward Israel, but one of the UAVs penetrated deep into Israel, crashing in the Binyamina area. No alarms were activated.

By YONAH JEREMY BOB, JERUSALEM POST STAFFOCTOBER 13, 2024 19:40Updated: OCTOBER 13, 2024 21:20

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A Hezbollah drone struck the Binyamina area on Sunday evening, wounding around 67 people, with four potentially mortally wounded, five seriously wounded, another 14 more lightly wounded but hospitalized, and another approximately 20 lightly injured without need for hospitalization, according to Magen David Adom (MDA) and the IDF.

The UAV was sent from Lebanon under the cover of a Hezbollah rocket barrage.

Three UAVs were launched toward Israel, with two shot down, but one of the UAVs penetrated deep into Israel, crashing in the Binyamina area. No warning sirens were activated, which the IDF will be probing.

MDA reported that four people were critically wounded, five were seriously wounded, and 14 were moderately wounded.

Three of the wounded were evacuated by helicopter to Sheba Medical Center in Tel Hashomer, and another two were taken to Rambam Medical Center in Haifa.

Four people who were lightly wounded were evacuated to the Emek Medical Center in Afula. 

An additional 28 wounded were taken to various hospitals by ambulance.

Following the attack, Israeli television channels will continue to broadcast the news and will not move to broadcast scheduled primetime programming, Ran Boker of Ynet reported. 

The attack came right around when the IDF Home Front Command issued a lifting of some restrictions in a number of areas overlapping with the area which was struck.

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Wow !! That's a serious incident here pic.twitter.com/rfEJd9t515

— MenchOsint (@MenchOsint) October 13, 2024

More scenes from the mass casualty event. Early reports suggest that Hezbollah struck a gathering of IDF soldiers.

Media reporting 20 injured, 6 critically. pic.twitter.com/XaJKp0wZNp

— DD Geopolitics (@DD_Geopolitics) October 13, 2024

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Meanwhile, the IDF on Sunday announced that it had carried out 200 air strikes against Hezbollah targets across Lebanon over the last 24 hours while also maintaining four divisions destroying the terror group’s south Lebanon infrastructure, but was still failing to substantially reduce rocket fire on the home front.

Ambulances are rushing to the base, preliminary reports indicate more than 10 soldiers critically injured and more than 30 injured in total at the IDF base in Binyamina pic.twitter.com/UfUEVNkU9n

— DD Geopolitics (@DD_Geopolitics) October 13, 2024

This is a developing story. 

end

ISRAEL/HEZBOLLAH/MONDAY

IDF kills head of Hezbollah anti-tank missile array as rockets target Haifa, Netanya

Nine killed in initial toll after Israeli strike in north Lebanon – report

By REUTERSOCTOBER 14, 2024 15:30Updated: OCTOBER 14, 2024 15:53

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At least nine people were killed, and one person was injured on Monday in an initial toll following an Israeli air strike on the Christian-majority region of Aitou in north Lebanon, the Lebanese health ministry said, with state media reporting that the death toll reached 18.

Israel has not attacked that target since the 2006 Lebanon War, according to Maariv, which also cited Lebanese media saying that the house in the region that was attacked was rented by one of the reporters of the Hezbollah-affiliated Al-Manar channel.

END

Lebanese Red Cross: At least 18 killed in Israeli strike in northern Lebanon

By AP and ToI StaffToday, 3:49 pm

The Lebanese Red Cross says an Israeli airstrike in northern Lebanon has killed at least 18 people.

The strike hit a small apartment building in the village of Aitou, in one of the northernmost strikes since Israel launched its offensive in Lebanon.

The Hezbollah terror group is mainly present in the south of the country and the southern suburbs of Beirut. However, reports say Israel may have targeted a senior Hezbollah leader.

END

UK sanctions Iranian military organizations and figures following attack on Israel

By ReutersToday, 4:02 p

Britain has imposed sanctions against Iranian individuals and organizations following Iran’s missile attack on Israel on October 1, Britain’s Foreign Office says.

The sanctions target senior figures in Iran’s army, air force and organizations linked to Iran’s ballistic and cruise missile development.

More from today’s Liveblog:

• Israeli, British pointmen on Gaza hostages meet in Tel Aviv
• Police order hostage’s sister to stay away from ‘illegal protests’ for 15 days
• Lebanese Red Cross: At least 18 killed in Israeli strike in northern Lebanon

end

After deadly drone strike, Israel aims to wipe out Hezbollah’s UAV unit, changes siren protocols

By Lazar Berman

A view of the damage to a dining hall at an IDF base that was attacked by a Hezbollah drone on October 13, 2024, killing four soldiers and wounding over 50 others. (Screenshot, used in accordance with Clause 27a of the Copyright Law)

In the wake of the deadly strike on a Golani training base last night, the Israeli Air Force has set a goal of completely eliminating Hezbollah’s Unit 127, responsible for its UAV production, maintenance and operation, The Times of Israel has learned. The effort to kill every member of the unit will now take priority in terms of intelligence collection and airstrikes.

The drone that killed four soldiers and injured dozens last night was part of a multi-pronged aerial attack. There were short-range rockets fired at the north, three precision rockets fired toward Haifa, and three drones. One of the drones was shot down by the navy, another by Iron Dome.

The third was pursued by Israeli jets and helicopters, who fired at it twice. Electronic warfare measures also failed to force the UAV to lose its bearings. It dropped off of radars 30 miles (48 kilometers) northeast of Acre. It was assumed that it had crashed.

The IAF investigation into the incident has found that the drone appeared back on radars for another minute in the half-hour between its dropping off of screens and the strike, but forces did not identify it as a drone at the time. There are hundreds of objects flying in Israeli airspace just above buildings at any given time, including birds, adding to the challenge of identifying a drone that appears in an unexpected location.

In addition, police told the IAF of reports of a suspicious aircraft near Yokne’am, which could have been the drone.

Over the course of the war, some 1,200 drones have been fired at Israel, and 221 have gotten through Israel’s defenses.

In light of the incident, the Air Force is expanding the areas of warning, meaning there will be more sirens and more false alarms. It will also assume a drone is still flying when it disappears, and will determine that it has crashed only when evidence is found.

end

ISRAEL/HAMAS/MONDAY

IDF, Shin Bet kill Hamas terrorist behind October 7 paraglider infiltrations

Before assuming his leadership role, Abu-Daqa served as Hamas’s head of UAV operations until Operation Guardian of the Walls in May 2021.

By JERUSALEM POST STAFFOCTOBER 14, 2024 20:16

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The IDF and Shin Bet have eliminated the head of Hamas’s aerial operations, Samer Abu Daqqa, the IDF announced on Monday.

Abu-Daqqa was a key figure behind the paragliders and drones used to infiltrate Israeli territory on October 7.

In September 2024, Israeli Air Force fighter jets, guided by Military Intelligence and the Shin Bet, targeted and killed Abu Daqqa. He had taken over the role after the previous leader was eliminated in October 2023.

Abu Daqqa was responsible for multiple aerial terror attacks, including launching drones toward Israel and IDF soldiers. He was pivotal in developing Hamas’s aerial capabilities and orchestrated the use of paragliders and unmanned aircraft during the deadly attack on October 7.

Before assuming his leadership role, Abu Daqqa served as Hamas’s head of UAV operations until Operation Guardian of the Walls in May 2021. He also oversaw weapons manufacturing in Hamas’s production unit, contributing significantly to projects aimed at enhancing Hamas’s aerial capabilities in Gaza.

In July, the IDF struck a Hamas facility in Rafah, which stored the paragliders used on October 7.

Brutal Hamas massacre

The October 7 massacre was a brutal series of terrorist attacks along the Gaza border, when Hamas terrorists, under the cover of a barrage of rocket fire, infiltrated several Israeli towns, cities, and IDF bases. 

The resulting attacks stretched as far east as Ofakim in the Negev and resulted in at least 1,200 people murdered and hundreds taken hostage by Hamas back to Gaza.

ISRAEL HEZBOLLAH MONDAY

Watch: Hagari reveals underground Hezbollah compound raided by IDF in southern Lebanon

The base served as a command and control for Hezbollah’s special forces, the Radwan Forces, and stretched 800 meters underground.

By JERUSALEM POST STAFFOCTOBER 14, 2024 19:36Updated: OCTOBER 14, 2024 19:38

https://player.jpost.com/public/player.html?player=jpost&media=3785455&url=https://www.jpost.com/israel-news/article-824576IDF Chief Spokesperson R.-Adm. Daniel Hagari gives a tour of an underground Hezbollah compound in southern Lebanon that was used to plan invasion attacks into Israel. (IDF SPOKESPERSON’S UNIT)

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The IDF announced on Monday that they had uncovered an extensive underground Hezbollah base stretching nearly a kilometer.

The base served as a command and control for Hezbollah’s special forces, the Radwan Forces, and stretched 800 meters underground.

https://www.jpost.com/israel-news/article-824576

The IDF’s Yahalom unit raided the base following intelligence collected in southern Lebanon. Inside, they found helicopter-fired missiles, mortar shells, motorcycles, living quarters, and means for long-term stays, including a kitchen stocked with food and supplies.

Hezbollah invasion of Israel

The IDF believes these supplies were supposed to be used during a planned Hezbollah invasion of Israel.

They also accused Hezbollah of deliberately embedding this underground compound underneath civilian areas.

Troops encountered some fighting but ultimately eliminated the forces in the tunnels with the support of the IAF.

The tunnels were mostly abandoned, as Hezbollah is believed to have evacuated a few days prior.

IDF Chief Spokesperson R.-Adm. Daniel Hagari: “They were planning, with these motorcycles here, to enter Kiryat Shmona, to Yiftah, to villages and positions inside Israel and conduct a massacre. They were here only a couple of days ago.

END

USA/ISRAEL

US Troops To Operate THAAD Anti-Ballistic Missile System In Israel: Army Radio

Saturday, Oct 12, 2024 – 04:55 PM

The Israeli government is now saying that the United States is preparing to deploy THAAD anti-ballistic missile systems in Israel, a major development which will possibly put troops in the directly in harm’s way amid the tense showdown with Iran. 

Times of Israel writes that “according to reports by Channel 12 news and Army Radio that describe the move as part of preparations for the expected Israeli response to Iran’s recent missile attack.” Importantly, “Channel 12 news says the advanced missile defense system will be operated by American troops on Israeli soil,” TOI continues. However, there have been some initial contradictory reports.

The THAAD is an anti-ballistic missile defense system capable of shooting down short, medium, and intermediate-range ballistic missiles in their terminal phase. There has been no formal US vote or Congressional authorization for this, but it marks yet another escalation in the Biden White House’s ongoing multi-billion dollar military aid program for Israel – a high risk one at that.

Any potential new exchange of ballistic missiles with the Islamic Republic is likely to involve direct attempts to target anti-air batteries positioned in Israel.

Other Israeli media reports say the same:

The U.S. is set to deploy THAAD air defense batteries in Israel, according to a report on the Ynet website on Saturday. The move, set to reinforce the Jewish state’s defenses against Iranian ballistic missiles, and is another sign that Washington believes Israeli action in Iran likely to be very forceful and trigger a response.

Even though US special forces and commanders have previously been in Tel Aviv and probably near Gaza in an “advisory” role, if the THAAD is indeed deployed in Israel utilizing US Army operators, this without doubt constitutes American boots on the ground.

Axios’ Barak Ravid observes the following based on the latest reports:

Deployment of US missile defense systems in Israel with operators (“boots on the ground”) would be a departure from Netanyuahu’s principle that “Israel defends itself by itself”.

It will demonstrate the strength of the alliance, but also the depth of the dependence on the US.

As for whether the decision has been ‘finalized’ – there appears to be contradictory reports as of Saturday afternoon.

Propaganda or fact? Iranian state media has claimed that Iran took out anti-air systems in Israel during the Oct.1 strike…

Here is the moment when Iran successfully targeted a transportable Raytheon X-band radar belonging to the THAAD Air Defense System in occupied Palestine, followed by strikes with ballistic missiles on several areas within occupied territories. pic.twitter.com/MZVXbBPYnw

— Press TV 🔻 (@PressTV) October 12, 2024

A separate Times of Israel story and headlines reads: “The US has yet to make a final decision on whether to deploy the THAAD anti-missile defense system in Israel, according to reporters for the Walla news site and Kan public broadcaster, who cite American officials.”

So clearly the US has been mulling it, but whether the administration has pulled the trigger on the plan is likely to become more clear in the coming days. We are likely witnessing a premature leak from the Israeli side, sending US officials scrambling to manage the narrative. Israel is still vowing to hit Iran hard in retaliation for the Oct.1st attack on Israel, which involved some 200 Iranian ballistic missiles fired, and resulted in damage to Israeli airbases.

END

US confirms it’s sending missile defense battery, 100 troops to operate it, to Israel

Pentagon says deployment of THAAD system, associated crew of US military personnel, will help bolster Israel’s air defenses following Iran’s unprecedented ballistic missile attacks

By Lazar Berman, Follow
ToI Staff and AP13 October 2024, 8:09 pm

Illustrative: The US military returns a THAAD missile defense system from Israel to its home base, March 2019. (US Army Europe/File)

The Pentagon on Sunday confirmed that Washington will send an advanced air defense battery to Israel to protect the country in case of an Iranian reaction to an expected Israeli reprisal attack, along with American soldiers to operate it, as Tehran appeared to threaten the US troops to be stationed in the region. A US defense official said around 100 US troops would be deployed to operate the system.

Maj. Gen. Pat Ryder, Pentagon spokesman, said in a statement that Defense Secretary Lloyd Austin authorized the deployment of the THAAD battery at the direction of President Joe Biden.

Ryder said the system will help bolster Israel’s air defenses following Iran’s missile attacks on Israel in April and October.

“This action underscores the United States’ ironclad commitment to the defense of Israel, and to defend Americans in Israel, from any further ballistic missile attacks by Iran,” Ryder said.

The THAAD is considered a complimentary system to the Patriot system but can defend a wider area, capable of hitting targets at ranges of 150-200 kilometers (93-124 miles).

Each battery consists of six truck-mounted launchers, 48 interceptors, radio and radar equipment, and requires 95 soldiers to operate.

Image taken from video shows missiles fired from Iran being intercepted over Jerusalem, October 1, 2024. (AP)

It was not immediately clear where the THAAD battery was coming from. The US deployed one of the batteries to the Middle East along with additional Patriot battalions to bolster protections for US forces in the region late last year after the October 7, 2023, attack on Israel by Hamas terrorists. Ryder also noted said that the US sent a THAAD battery to Israel in 2019 for training.

In a social media post published as reports of the planned THAAD deployment circulated, Iran’s Foreign Minister Abbas Araghchi charged that the US “has been delivering record amounts of arms to Israel.”

“It is now also putting lives of its troops at risk by deploying them to operate US missile systems in Israel,” he wrote.

“While we have made tremendous efforts in recent days to contain an all-out war in our region, I say it clearly that we have no red lines in defending our people and interests,” Araghchi added, less than two weeks after Iran lobbed some 200 ballistic missiles at Israel on October 1.

The remains of an Iranian missile on the ground in the Negev desert near Arad, on October 2, 2024, in the aftermath of an Iranian missile attack on Israel. (Menahem KAHANA / AFP)

Iran has been bracing for an Israeli retaliation after its October 1 attack, which it said came in response to Israeli strikes in Lebanon last month that killed the top leadership of the Hezbollah terror group, an Iranian proxy, and a July blast in Tehran that killed Hamas politburo head Ismail Haniyeh.

The US has been seeking to coordinate with Jerusalem and temper its retaliation. A weekend report indicated that US officials believe Israel has narrowed down its list of possible targets to military and energy infrastructure in Iran.

The US has a wide range of missile defense systems arrayed across the Middle East and Europe, including Patriot systems. Officials have been discussing for months what types of air defense systems to deploy to the region and where to put them.

ISRAEL/THAAD TUESDAY

US says advanced anti-missile system in Israel operational soon

By REUTERSOCTOBER 15, 2024 14:48

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The Pentagon said components for an advanced anti-missile system began arriving in Israel on Monday and that it would be fully operational in the near future, according to a statement on Tuesday.

“Over the coming days, additional US military personnel and THAAD battery components will continue to arrive in Israel,” Pentagon spokesperson Major General Pat Ryder said.

“The battery will be fully operational capable in the near future, but for operations security reasons, we will not discuss timelines.”

END

Israel faces potential shortage of interceptor missiles — report

Experts warn air defenses could be ‘stretched’ if Iran reacts to anticipated Israeli retaliatory strike against it, or if Hezbollah goes all out

By ToI StaffToday, 11:39 am

Smoke trails are seen as rockets launched from Lebanon into northern Israel are intercepted over Safed, October 9, 2024. (David Cohen/Flash90)

Israel is encountering a potential shortage of rocket and missile interceptors in its air defense array amid the yearlong war in Gaza and Lebanon, and as it prepares for a possible escalating conflict with Iran, according to a British report Tuesday.

Citing experts and former military officials, the Financial Times said that Washington is assisting the Jewish state in addressing the matter, in particular through its promise to send a Terminal High Altitude Area Defense missile system (THAAD), but Jerusalem could increasingly find itself needing to decide which targets it wants to prioritize defending.

“Israel’s munitions issue is serious,” Dana Stroul, an ex-US defense official, said. “If Iran responds to an Israel attack, and Hezbollah joins in too, Israel’s air defenses will be stretched.”

She added that supplies were not unlimited and that Washington could not keep up its ongoing supply of both Ukraine and Israel at the same pace.

Boaz Levy, CEO of Israel Aerospace Industries, which produces missile interceptors, added: “Some of our lines are working 24 hours, seven days a week. Our goal is to meet all our obligations.”

Israel’s multi-layered system includes the Iron Dome, used to shoot down short-range missiles; David’s Sling, used to intercept medium-range missiles; and the Arrow system, which is designed to intercept long-range ballistic missiles.

A boy rides a donkey near an Iron Dome air defense battery at an unrecognized Bedouin village in the southern Negev, on April 14, 2024. (Ahmad Gharabli/AFP)

Since Hamas sparked the ongoing war with its October 7 onslaught last year, over 20,000 rockets and missiles have been fired at Israel from Gaza and Lebanon, according to military figures, with air defenses successfully downing the bulk of the projectiles that were headed to populated areas.

Israel has warded off two Iranian missile attacks — one in April and another, more intense one in October when the Islamic Republic fired 180 ballistic missiles at the country — with the help of the US and its regional allies. Israel has vowed to respond to the October attack in a time and manner of its choosing, which may spark an even more aggressive reaction by Tehran and its proxies.

According to former IDF general Assaf Orion, Israel hasn’t been fully tested as Iran-backed Hezbollah in Lebanon has not unleashed its full capability yet.

“It has only been firing at around a tenth of its estimated prewar launching capacity, a few hundred rockets a day instead of as many as 2,000,” Orion told the Financial Times. “Some of that gap is a choice by Hezbollah not to go full out, and some of it is due to degradation by the IDF… But Hezbollah has enough left to mount a strong operation.”

Hezbollah, which began attacking Israel daily in the wake of the Hamas attack a year ago, has itself suffered a series of devastating security breaches in recent weeks, including the explosions of thousands of operatives’ communications devices in an attack widely blamed on Israel, and Israeli airstrikes that have decimated the group’s leadership.

Earlier this month, Israel launched a ground offensive in southern Lebanon to push the terror group away from the border, destroy its weapons stores and infrastructure, and remove the threat of an invasion similar to the one Hamas launched last year from Gaza.

ISRAEL/GAZA/HEZBOLLAH TUESDAY

IDF strikes over 200 terror targets in Lebanon, Gaza as Israel and US discuss Iran strikes

Hezbollah, IDF battle, millions head into shelters from ballistic missiles

Hezbollah and IDF exchange intense fire, with rockets reaching Tel Aviv, as Israel struggles with drone defense but strikes back, hitting Hezbollah targets and escalating tensions.

By YONAH JEREMY BOBOCTOBER 15, 2024 03:23

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Hezbollah and the IDF continued to pound each other on Monday as the West tried, so far unsuccessfully, to engage Israel on security aspects of a ceasefire.

After killing four IDF soldiers and wounding over 60 in a drone attack on the Golani Brigade’s training base near Binyamina late Sunday night, Hezbollah sent round after round of rockets across Israel, from the northern border to Haifa, to central Israel, and Tel Aviv.

The round sent in the evening to the center included three ballistic missiles and sent millions of Israelis into their bomb shelters and safe rooms, triggering alerts for around 180 separate areas.

Reports indicated a small number of injuries and hits, including a direct hit on a structure in Karmiel. The barrage included dozens of rockets and resulted in scenes of people jumping out of their cars to hit the deck by the roadside of the large highways.

Around midday, Hezbollah fired ten rockets at the Haifa area. The IDF said most were intercepted, though some fell in open areas, and later in the morning, rockets were fired at the Netanya area. In this second round of rockets, the IDF said it intercepted all the rockets.

The third round included the direct hit in Karmiel, and a fourth included the ballistic missiles, which sent most of the country’s center into temporary lockdown.

During that attack, air traffic at Ben-Gurion Airport was reportedly temporarily impacted.

The IDF revealed on Monday that 221 out of 1,200 drones sent by Hezbollah landed in Israel in some fashion, though a much smaller, undefined number have struck populated areas or killed or wounded Israelis.

Of the 1,200 drones, the IDF shot down 80%, though other unofficial estimates that factor in different categories of drones place the success estimate closer to 70%.

The IDF said that Israel has been targeted by around 23,000 rockets on different fronts during the current war.

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These revelations come after the IDF failed to shoot down the drone on Sunday night, which struck the Golani base.

According to the IDF, the air defense systems tracked the drone in question and fired on it twice, thinking that it was shot down in the Mediterranean Sea.

They were also simultaneously tracking two other drones, which were both shot down, but all of this seemed like a sideshow to a huge barrage of rockets that Hezbollah fired around the same time into northern Israel.

Eventually, the air defense systems lost track of the drone, and it flew over Israel, near highways, for a full 30 minutes to reach its pre-GPS-programmed target of the Golani base in the Binyamina area.

Although the IDF has been working on a solution to the drone problem for several months, it still has had limited success.

The military said it would push its radar and warning systems toward lowering the bar for sounding an alert, even at the price of more false alarms.

Further, recognizing that neither this nor other new efforts to defend against drones may be sufficient, the IDF said it would increase its efforts to target and kill the commander of Hezbollah’s drone unit, Unit 127.

However, the IDF has already killed a large number of such commanders, and drones can be sent out and operated by fairly low-ranked fighters whose identities would often not be known.

On a more successful end of the conflict with Lebanon, the Air Force struck around 200 targets over the last 24 hours, including rocket launchers, anti-tank missiles, and other Hezbollah positions.

Moreover, it took the rare move of striking a primarily Christian town in northern Lebanon, killing at least 18 people, according to the Lebanese Red Cross.

The attack reportedly struck a residence in Aitou, although the IDF has normally gone to pains to avoid hitting any of

Lebanon’s non-Shiite populations to keep the pressure exclusively on Hezbollah and maintain more global legitimacy.

Though Hezbollah is located mostly in southern Lebanon, Beirut, and parts of the Bekaa Valley, the IDF has started targeting Hezbollah figures hiding in more unusual areas.

Still, the IDF did not formally comment on the strike.

Next, the military announced it had assassinated Mohammad Kamel Naim, Hezbollah’s anti-tank missile chief, from its Radwan special force in southern Lebanon’s Nabatieh.

Also, the IDF said that it had located and taken over Radwan’s underground tunnel headquarters, which stretched for hundreds of meters.

According to Syrian reports, two Israeli tanks crossed into Syria on Monday, and positioned themselves near the border town of Kwdana/Kodna, south of Quneitra, which has been the site of several tank battles, most famously in the 1973 Yom Kippur War. The IDF did not comment on the reports.

The IDF has admitted to an increase in air strikes on the Syrian-Lebanese border to cut off any attempts to reinforce or rearm Hezbollah.

END

IDF says it hit 230 targets in Gaza and Lebanon in past day, eliminated gunmen

The IDF says it has struck some 230 terror targets in Gaza and Lebanon over the past 24 hours.

It says over 200 Hezbollah targets, including rocket launchers and anti-tank positions, were attacked in Lebanon. Dozens of Hezbollah gunmen were killed in clashes with Israeli troops.

In northern Gaza, forces continued to operate in Jabaliya, where several terror operatives including were killed, including a cell that fired an anti-tank missile at troops.

Operations are also ongoing in central and southern Gaza, where additional gunmen and terror infrastructure have been eliminated, the army says.

END

I think this is the right time for Israel to hit their nuclear facilities and oil refineries at Kharg Island

(zerohedge)

Netanyahu Denies Substance Of WaPo Iran Strike Report Which Sent Oil Prices Sliding

Tuesday, Oct 15, 2024 – 09:20 AM

Israeli Prime Minister Benjamin Netanyahu is denying a Monday Washington Post report which sent oil prices sliding and which painted a picture of President Biden using diplomatic finesse to ensure Israel won’t strike Iran’s nuclear or oil sites.

“We listen to the opinions of the United States, but we will make our final decisions based on our national interests,” Netanyahu’s office said Tuesday, as cited in Bloomberg. The new report notes that Israeli is merely “weighing US misgivings” and has committed to nothing concrete regarding strike plans.

This is widely being taken as a clear denial of the main substance of the prior WaPo report, which stated Monday afternoon that “Israeli Prime Minister Benjamin Netanyahu has told the Biden administration he is willing to strike military rather than oil or nuclear facilities in Iran” – citing two unnamed officials.

In the wake of the Washington Post headline West Texas Intermediate fell to near $70 a barrel, sliding as much as 5%, with Brent futures slumping below $74.

The Washington Post had chalked up a recent Biden-Netanyahu call as a win for Biden diplomacy:

Netanyahu was in a “more moderated place” in that discussion than he had previously been, said the U.S. official, describing the call between the two leaders.

The apparent softening of the prime minister’s stance factored into Biden’s decision to send a powerful missile defense system to Israel, both officials said.

But Bloomberg is now referencing the same report as precisely that which Netanyahu is denying. Bloomberg writes:

A report in the Washington Post said the Israeli premier had agreed to limit his retaliation for an Oct. 1 Iranian ballistic missile salvo to military targets. The newspaper cited two officials familiar with the matter who it didn’t identify.

Such a decision might not sit well with more hard-line Israelis. “We have an opportunity to cut off the head of the snake,” far-right National Security Minister Itamar Ben-Gvir told Army Radio, in reference to Iran. He declined to give details on closed-door cabinet deliberations.

As we highlighted in our prior coverage, there remain plenty of hawks in Bibi’s security cabinet who are urging Israel to go big in its response. It is also the case that Netanyahu has been talking about taking out Iran’s nuclear program for many years at this point.

“Never had a greener light”…

Reports say Israel assured the U.S. that any retaliatory act against Iran would not target nuclear or oil facilities. But @ilanberman, @afpc Senior VP, says Israel has "never had a greener light from the international community" to "set back" the Iranian nuclear program. pic.twitter.com/HDKBYrGveY

— Squawk Box (@SquawkCNBC) October 15, 2024

On Tuesday, Israeli Defense Minister Yoav Gallant reiterated that Israel’s response to Iran will be “soon, accurate, and lethal” – as cited in Al Arabiya.

Meanwhile, the Pentagon has said that an initial THAAD missile system has reached Israeli and will soon be fully operational, complete with US service members manning it. The Monday WaPo report had strongly suggested that Biden’s offer of the THAAD missile defense system is ultimately what resulted in Netanyahu’s vow to not hit oil or nuclear sites in the Islamic Republic (a quid pro quo of sorts) – a claim which is now being shown as dubious.

https://embed.polymarket.com/market.html?market=israel-military-response-against-iran-by-next-friday-oct-18&features=volume&theme=dark

END

interesting!

Interrogated Hezbollah terrorist: ‘Everyone fled after Nasrallah was killed’

The IDF said it found Wadah Kamal Yunis in a Hezbollah tunnel in southern Lebanon.

By YONAH JEREMY BOBOCTOBER 15, 2024 19:55Updated: OCTOBER 15, 2024 20:14

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fisrael-news%2Farticle-824769&unitId=2900003088&userId=1938e01a-2e38-4f76-9d42-6dd0304d8a0a&isLegacyBrowser=false&isPartitioningSupport=1&version=20241015_cff49fe31e7937c75cdc7861b333330c2797d125&useBunnyCDN=0&themeId=140&unitType=tts-player

IDF special intelligence Unit 504 revealed on Tuesday night that one of the Hezbollah fighters it had captured and interrogated said that “they all fled…after the assassination of [Hezbollah chief Hassan] Nasrallah, I did not see any of them.”

Unit 504 is known as “the IDF‘s Mossad”, and its activities are generally highly secretive, with even its top commander’s name not being revealed.

The IDF said it found Wadah Kamal Yunis in a Hezbollah tunnel in southern Lebanon.

It said that IDF troops found and surrounded the tunnel and started to explore it.

Eventually, IDF soldiers found Yunis and brought him to Israel to be interrogated by special Unit 504.

Addressing Hezbollah’s Radwan forces 

According to the translation of the video of the interrogation, Yunis said that his top four commanders, including the commander of his entire region, all fled after Nasrallah was killed on September 27.

Further, he attacked Hezbollah’s Radwan special forces as “having little religious principles, people with no religion, who joined to get paid money, and fled because they were afraid of Israeli forces.”

RUSSIA/UKRAINE

Ukraine’s Kursk Incursion Enters Third Month, Has Become ‘Normalized’

Saturday, Oct 12, 2024 – 02:35 PM

Ukraine’s cross-border Kursk incursion, which has resulted in dozens of towns and settlements being occupied in the Russian southern border region, has entered a third month.

It started on August 6th and appeared a shock to both Kremlin leadership and even many Western leaders. The Institute for the Study of War (ISW), a hawkish think tank in Washington, DC, says that based on its mapping analysis the Ukrainian army has managed to hold on to about 300 square miles of territory at this point.

The border region was by all accounts very poorly defended, and it took a significant amount of time for Moscow to send reinforcements to begin pushing the Ukrainians back.

A commander of a Ukrainian battalion inside Kursk told CNN of the latest battlefield situation, “Russian advances are mostly happening on the flanks of our foothold.”

“They keep trying to advance but the gains are incremental, somewhere they manage to take a street in the village,” he continued. “But it goes both ways – we also counterattack and push them back.”

While it’s unclear how many troops Ukraine has committed to holding the region, international reports have estimated Russia has sent some 40,000 of its own forces to take it back. Russia has used both conscripts and reservists, but has not appeared to divert large numbers from front line Ukraine positions in Donetsk.

Ukraine’s main base of operations from within Russia is the town of Sudzha, and a location called Veseloe village is said to be its next takeover goal.

One of Kiev’s main goals for the operation was to force Russia to divert large numbers of its forces from Eastern Ukraine to defend its territory in southern Russia.

Politico reported last month that some of Ukraine’s top military commanders actually strongly opposed President Volodymyr Zelensky’s risky gambit to invade Kursk.

Gen. Valery Zaluzhny, the former commander-in-chief and current ambassador to the UK, opposed the ambitious scheme when Zelensky first broached the idea earlier this year. Zaluzhny opposed the offensive because there was no clear second step once the border was breached. “He never got a clear answer from Zelensky,” one of the Ukrainian officials said. “He felt it was a gamble.”

Russia intensified its efforts to drive Ukrainian forces out of Kursk Oblast on the evening of October 10, advancing deep into the main Ukrainian position and eliminating almost all of the smaller positions in the Glushkovsky District. Russia also intensified its counterattacks… pic.twitter.com/VAlrrMdF6g

— Uncensored News (@uncensorednews9) October 12, 2024

Still, the fact that Ukrainian troops have been able to hold Russian territory for a full two months, and now entering a third, has proven somewhat of a public humiliation for President Putin and the Russian military. Western officials have said Putin is trying to downplay the Kursk saga, however.

“Over time, there is a degree to which the Kursk operation has become normalized,” analyst Mark Galeotti, a senior associate fellow at the Royal United Services Institute (RUSI), has describe

END

Ukraine Finally Admits To Russian Breakthrough In Kursk As They Evacuate Sumy

Tuesday, Oct 15, 2024 – 02:45 AM

For those tracking war maps from both sides of the conflict as well as geo-location data for troop positions, the failure of Ukraine’s offensive in Kursk is not a surprise.  The movement of their forces stalled out only a couple weeks after their initial push into the territory and the Russians have been grabbing back pieces of land ever since.  However, for those people only listening to establishment news sources, the retaking of Kursk might come as a shock.

Russian troops have made significant advances from the western flank of Ukrainian positions, and reports indicate a threat of Ukrainian troops being encircled. 

The Telegraph, usually a platform for pro-Ukraine propaganda, notes that sources from both sides confirmed the Russian breakthrough, which occurred during the heaviest fighting on Russian territory since Ukraine began its cross-border incursion in August.

DeepState, a Ukrainian military blogger, said that there was a risk that Russian forces could encircle Ukrainian forces, although they later said that the front lines in Kursk were “difficult but under control”.  “The enemy pushed through the left flank of the Kursk grouping of Ukrainian defense forces,” the blogger said. “We are on the verge of another mess due to the repetition of mistakes.” (Keep in mind, major military “bloggers” in this conflict tend to have connections to government and military officials who give them battlefront information)

It should be noted that DeepState has avoided changing his war maps to reveal significant Russian gains in Kursk for many weeks.  It is likely that he has been dissuaded from doing so by officials in Kyiv in order to present a facade of success in Kursk.  The fact that he is admitting to those gains now suggests the situation is dire for Ukraine.

Russian military bloggers said that marines from the Pacific Fleet’s 155th Guards Brigade had been involved in fighting around the Glushkovsky district of Kursk, where most Ukrainian forces had allegedly been overrun. 

Fears of potential encirclement of Ukrainian troops in Kursk come only days after US officials claimed they could hold the ground for months.

The strategic sense behind Ukraine’s Kursk operation remains a mystery.  Vladimir Zelensky claims the attack was designed to draw Russian troops away from the eastern front in order to slow down their non-stop bulldozing of Ukraine’s defensive positions.  Many of these towns and the defensive works around them have been held since 2014.  In other words, the fact that Russia is taking these positions so quickly indicates that something has gone very wrong for Ukraine (And we all know what the problem is – lack of manpower). 

As with all war, the losing side tends to implode all at once after a long period of seemingly static and secure defenses.

If the goal was really to divert the Russians away from the east, then the Kursk offensive achieved nothing.  The Kremlin actually increased their forces and attacks in the region after the Kursk event.  John Foreman, a former British military attaché in both Moscow and Kyiv, states:

“Russian progress actually picked up after Kursk…Politically, the Kursk offensive didn’t change much in Washington DC or Europe. I’m still unconvinced of its strategic merit.”

Kyiv’s recent declaration of a mandatory evacuation of more than 37,000 civilians from the Sumy Oblast region just across the border from Kursk provides more evidence that the area is about to be retaken by Russia.  It seems like the Kursk incursion was fuel for the western media hype machine, but other than that the effort served no strategic purpose.

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

Special thanks to Robert H for sending this to us:

BREAKING NEWS: First-in-the-World Ivermectin, Mebendazole and Fenbendazole Protocol in Cancer has been peer-reviewed and published Sep.19, 2024! The future of Cancer Treatment starts now

https://www.2ndsmartestguyintheworld.com/p/breaking-news-first-in-the-world?post_id=150169602&isFreemail=true&triedRedirect=true&utm_medium=email

end

Insanity!

Mask Mandates Set To Return In Several California Areas

by Tyler Durden

Tuesday, Oct 15, 2024 – 07:20 AM

Authored by Jac

k Phllips via The Epoch Times,

Mask mandates will be returning to several counties in California’s San Francisco Bay Area starting next month.

The orders, which were handed down by individual counties, apply mainly to health care workers, although at least two Bay Area counties have extended the requirement to visitors and patients.

A similar mandate was handed down broadly across the Bay Area for the 2023–2024 fall-through-spring period.

Health officials in counties who have issued upcoming mask mandates say that the face coverings are designed to reduce the spread of COVID-19, influenza, and other respiratory viruses, harking back to the COVID-19 pandemic when mandates were widespread across much of the United States.

Where the Mandates Are Going Into Effect

Alameda County, which encompasses the city of Oakland, issued an order last month that mandates staff at health care facilities to wear masks between Nov. 1, 2024, and March 31, 2025.

“The fall and winter of 2023-2024 saw substantial waves of RSV, flu and COVID19, and a similar pattern is expected this year,” the health order said, adding that such viruses “typically circulate and peak in Alameda County during the late fall and winter months.”

It warned that any violation of the order’s provision in Alameda County “constitutes an imminent threat and menace to public health, constitutes a public nuisance, and is punishable by fine, imprisonment, or both.”

The mandate only applies to staff and not patients or visitors.

Authorities in Contra Costa County issued a similar health order on Sept. 26 requiring health care staff to wear masks for the same time period with similar penalties. It also applies only to staff and not patients.

“The masking of personnel in these facilities is necessary to provide a layer of protection to patients during the respiratory season when risk of exposure is highest,” the county said.

Napa County issued an Oct. 1 health order that mandates health care workers in health care facilities wear masks. It doesn’t apply to visitors and patients.

“This Order requires each of these facilities implement and enforce a program requiring healthcare workers, regardless of vaccination status, to mask while in patient care areas. This order supersedes prior standing masking orders directed at healthcare workers,” the county wrote.

Going a step further, Santa Clara County—which includes San Jose—will require all people inside health care facilities, including visitors and patients, to wear masks from Nov. 1 to March 31, 2025. Exceptions are made for children under age 2 and people with medical issues in which a mask could interfere with the individual’s breathing or cannot remove a mask without assistance.

“Preventive measures like wearing a mask in crowded indoor places and staying home when you are sick continue to add layers of protection against respiratory viruses,” the county said in a news release issued last month. “Just like last year, the April 2023 health order will continue to require masks in all patient care areas of health care facilities starting November 1 and continuing through the winter respiratory virus period.”

Not Every Bay Area County Has Them

Sonoma, Solano, Marin, and San Francisco counties have not indicated whether mask mandates will go into effect at health care facilities, according to an Epoch Times review of recent orders from the counties.

Outside California

Aside from the Bay Area, it appears no other counties anywhere else in the United States will issue similar mandates at health care facilities.

However, if data provided by the Centers for Disease Control and Prevention (CDC) show cases of COVID-19 rising again, other areas may reintroduce mask mandates. Last winter, New York City reimposed a mask mandate at its hospitals as officials cited a rise in cases of the virus.

Over the summer, mask mandates were implemented for a period of time by at least two U.S. health care providers. The Tuba City Regional Health Care Corporation in Arizona said in early August that it would reinstate mask mandates at its facilities in the state for at least two weeks, while the Baystate Health in Massachusetts also implemented one in late August.

What the CDC’s Data Shows

As of Oct. 10, the CDC’s wastewater tracking tool shows that COVID-19 levels across the United States are currently at “low” levels, down from the “very high” amounts reported in mid-August. In August, COVID-19-related deaths in the United States were near all-time lows, according to the CDC’s historical data on the virus.

COVID-19 is now the 10th leading cause of death in the United States, according to a CDC report released over the summer. Early in the COVID-19 pandemic, the virus was the nation’s third leading cause of death. It dropped to fourth in 2022.

GLOBAL ISSUES

MARK CRISPIN MILLER

Japanese researchers link “vaccination” to 201 deadly diseases, find 4900% spike in heart failure among the jabbed

This study (by no means the only one) reconfirms the fact that “safe and effective” is about as accurate as the Third Reich’s “Work makes you free”

Mark Crispin MillerOct 15

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A selection of relevant pieces:

The Takada paper shows very clearly that the COVID vaccines are not safe

Steve Kirsch’s newsletter

The Takada paper shows very clearly that the COVID vaccines are not safe

Executive summary…

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a day ago · 419 likes · 125 comments · Steve Kirsch

‘Safe and Effective’: Japanese Researchers Link Covid Shots to 201 Dangerous Diseases

Exposing The Darkness

‘Safe and Effective’: Japanese Researchers Link Covid Shots to 201 Dangerous Diseases

Exposing The Darkness is a reader-supported publication. To support my work, please consider becoming a paid subscriber…

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DR PAUL ALEXZANDER

American population used like lab animals in fraud vaccine manufacture: “FOIA Request Forces CDC To Produce Horrifying Records: A Large Scale Vaccinated VS Unvaccinated Study” + Physician & Vaccine

Consultant Stanley Plotkin Admits in Testimony That He Used Orphans, Mentally Handicapped Children & Babies of Imprisoned Women as Vaccine Lab Rats; this is the USA! 2nd Smartest Guy in the World!

Dr. Paul AlexanderOct 13

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Excellent scholarship by 2nd…support.

Start here:

‘Ever since its inception, this Substack has been diligently exposing the deadly vaccine scam; to wit:

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

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Physician & Vaccine Consultant Stanley Plotkin Admits in Testimony That He Used Orphans, Mentally Handicapped Children & Babies of Imprisoned Women as Vaccine Lab Rats

2nd Smartest Guy in the World

·

January 26, 2022

Dr. Stanley Plotkin is considered one of the “discoverers” of the Rubella vaccine, and a vaccine consultant to BigPharma. He is also a member of the Center for HIV/AIDS Vaccine Immunology, was an Adjunct professor at Johns Hopkins Bloomberg School of Public Health, Senior Advisor, Global Virus Network, Scientific advisor (and co-founder) of the Coaliti…

SLAY NEWS

The latest reports from Slay News

WHO Admits Monkeypox Is ‘Side Effect’ of Covid ‘Vaccine’The United Nations’ (UN) World Health Organization (WHO) has admitted that “monkeypox” is actually a “side effect” of Covid mRNA “vaccines.”READ MORE

CBS News: Weather Can Be Controlled with LasersControversy has been swirling this week regarding geoengineering and weather manipulation after President Joe Biden, the Democrats, and their corporate media allies united to declare that such ideas are “wild conspiracy theories.”READ MORE

DeSantis Nukes Reporter for Blaming Hurricanes on ‘Global Warming’Florida’s Republican Governor Ron DeSantis schooled a leftist reporter who claimed during a press conference that tornados and hurricanes are caused by “global warming.”READ MORE

Jack Smith’s Jan 6 Filing a ‘Big Win’ for Trump, Top Legal Expert RevealsSpecial Counsel Jack Smith’s “October surprise” filing in President Donald Trump’s Jan. 6 case appears to have backfired on the Democrats.READ MORE

Whistleblower: Secret Service Covering up Inconsistent Protection of TrumpThe Secret Service is not providing President Donald Trump with consistent protection, an agency whistleblower has alleged.READ MORE

Georgia Official Dies Suddenly After Testifying About Toxic BioLab FireA local environmental official in Georgia collapsed unexpectedly and died suddenly after testifying about a massive toxic fire at a biolab.READ MORE

Trump Rejects Fox News’ Proposed Debates with Kamala HarrisThe final debate proposal from Fox News featuring President Donald Trump and Democrat presidential nominee Kamala Harris has been rejected.READ MORE

Kamala Harris Unveils Another New Accent on Late Night TVDemocrat presidential nominee Kamala Harris has unveiled yet another “code-switching” accent during a late-night television interview.READ MORE

Biden-Harris Admin’s Decision to Lift Sanctions Has Allowed Iran to Rake in Billions More in Oil RevenueThe Islamic Republic of Iran has raked in billions of additional dollars in oil revenue thanks to Biden-Harris administration policies.READ MORE

Progressive Journalist Reveals Left’s Efforts to ‘Demonize’ and ‘Dehumanize’ Opponents Drove Her Away from DemocratsProgressive journalist Ana Kasparian has revealed that the Left’s intolerance “for the other side” led her to walk away from the Democratic Party.READ MORE

New Swing State Poll Spells Doom for Kamala HarrisNew polling data shows President Donald Trump is pulling ahead of Kamala Harris in multiple swing states, spelling doom for the Democrat ticket.READ MORE

‘Very Concerned’ James Carville Admits He’s ‘Scared to Death’ That Trump Will Win ElectionVeteran Democrat strategist James Carville has admitted he’s “scared to death” that President Donald Trump will soar to victory on Election Day.READ MORE

Pilot Dies Suddenly Mid-Flight, Packed Passenger Plane Forced into Emergency Landing in New YorkA packed passenger jet has been forced to make an emergency landing in New York after the plane’s pilot died suddenly.READ MORE

NEWS ADDICTS

WATCH: JD Vance DESTROYS the NY Times reporter when she asks about housing crisis and illegal immigrantsJD Vance brilliantly destroyed a false premise put forth by a New York Times reporter about the housing crisis and illegal immigration. The reporter, Lulu Garcia-Navarro, asked Vance how they plan to solve the housing crisis if they are going to deport all of the illegal immigrants in this country. Meaning, who is going to build houses if all the …READ THE FULL REPORT

US to deploy air defense systems in Israel before ‘large scale’ attack on IranIt’s being reported now that the US deploy and man air defense systems in Israel in advance of a ‘large scale’ response attack on Iran. Here’s the reporting which comes from Israel’s Channel 12: ALERT | The US will deploy air defense systems in Israel. Reports that the Israeli attack on Iran will be on a large scale, increasing the …READ THE FULL REPORT

FROM THE LEFT, TO THE LEFT: Bill Maher absolutely schools popular drag queen singer on Iran, Hamas, Hezbollah and Israel in open letter [VIDEO]Bill Maher absolutely killed it last night in what he calls his open letter to a popular Tiktok drag queen singer who, like many idiots in his generation, has been advocating for Hamas and Hezbollah and against Israel. I’ve never heard of Chappell Roan until now and, based on what Maher said, really don’t care to investigate further. But Maher’s …READ THE FULL REPORT

SERIOUSLY: Desperate Kamala sends Walz pheasant hunting with camera crew to help win men voters [VIDEO]Kamala Harris is so desperate to win male voters that she actually sent Tim Walz pheasant hunting today with a film crew so he could appear all manly in front of the cameras. Yeah, that’s going to be the thing that puts her over the top with men. Uh huh. But see if you notice something missing in the video, …READ THE FULL REPORT

EVOL NEWS

I walked into the TD bank Friday morning and told them that I was upset with them on their big fine. I said that I am not angry that they did what they did but that they were caught….Harvey

TD Bank Slammed with Massive $3 Billion Fine for Ignoring Money Laundering Linked to Fentanyl, Terrorism, and Human Trafficking – EVOLREAD MORE…

LATEST NEWS:

Star Wars Shocks Fans with First-Ever Transgender Stormtrooper – EVOLRead more…Trump Reveals He Has Another Grandchild On The Way: ‘She’s Going To Have A Baby’ – EVOLRead more…New Study: Obamacare Caused Millions To Lose Insurance Plans, Premiums To Skyrocket – EVOLRead more…Mayorkas Dodges Questions on Biden-Harris Admin Letting Afghan Terrorist Into US to Plot Election Day Terrorist Attack! – EVOLRead more…Multiple tourists trapped in Colorado gold mine – EVOLRead more…Former NFL RB Marshawn Lynch Teases Run For Oakland’s Mayor Seat, The Worst Idea In History of Politics – EVOLRead more…Alejandro Mayorkas and Karine Jean-Pierre Fail to Adequately Explain Afghan National Who Became CIA Security Guard then Plotted Election Day Terror Attack – EVOLRead more…Kamala Harris tells the ‘Geniuses’ at The View there is ‘Not a Thing that Comes to Mind’ she Would Have Done Differently than Joe Biden Has Done in the Last Four Years – EVOLRead more.

UNREAL Extremely nervous Iran is depending on allies Joe & Kamala to keep Israel from striking nuclear and oil facilitiesCNN is now reporting that Iran is depending their allies in the Biden-Harris administration to keep Israel from striking their nuclear and oil facilities. Iran is said to be extremely nervous about Israel’s coming attack and is working over Middle East allies to push Joe and Kamala to stop Israel from doing this. Here’s the report: Iran’s government is extremely …READ THE FULL REPORT

Joe & Kamala’s DOJ has just SUED Virginia for removing non-citizens from voter rollsIn what appears to be a shocking and absurd lawsuit, Joe and Kamala’s DOJ has just sued the state of Virginia for enforcing a 2006 law that requires them to remove non-citizens from the voter rolls. As Governor Glenn Youngkin points out, it was a law signed by former Democratic Governor Tim Kaine. Here’s what Youngkin writes: With less than …READ THE FULL REPORT

WATCH LIVE: President Trump holds rally in Aurora, ColoradoPresident Trump is holding a rally today in Aurora, Colorado and he’s set to speak at 3PM eastern. Trump is likely going to address the crime problem associated with Tren de Aragua illegals that Biden has let into the country. You can watch the live stream below:READ THE FULL REPORT

President Trump agrees to a town hall with female voters on Fox NewsIt’s just being reported that President Trump has agreed to do a town hall on Fox News with nothing but women voters in the audience. Here’s the news via The Hill: Former President Trump will participate in a Fox News town hall with exclusively female voters next week, seeking to broaden his appeal to a group he has consistently struggled …READ THE FULL REPORT

DAILY MAIL: Kamala got poor marks for leadership as a lawyer in San FranciscoIt turns out that Kamala didn’t fare so well in a performance review when she worked as a civil lawyer in San Francisco back in the early 2000s. She received poor marks for leadership in a newly obtained document by the Daily Mail. Here’s more: Kamala Harris received poor job performance reviews when she worked as a civil lawyer for …READ THE FULL REPORT

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

Rabobank: Trump Is Offering Out Tax Breaks Like Oprah

by Tyler Durden

Monday, Oct 14, 2024 – 12:35 PM

By Michael Every of Rabobank

Pressing the point

We just sat through a set of Chinese press conferences from the PBOC, the Ministry of Finance (on a Saturday, mind you!), then other departments, each of which had been sold in as ‘The Big One’ that would unleash the fiscal bazooka on markets so stocks and commodities –and global supply-side inflation– soar. Well, four stops into this sequence what we are being shown is still more peashooter. Today, it was again about trading in old appliances for new. Over the weekend, it was about offering new ways to mop up around 0.2% of the supply of unwanted and unfinished homes, and perhaps 1% of the underlying capital issues at Chinese banks. (This is all very back of an envelope: but then again, so are the press conferences, it seems.

China credit impulse remains depressionary. For all its talk, Beijing will need to unleash a new credit flood for markets to take it seriously. pic.twitter.com/U0tsQrRle3

— zerohedge (@zerohedge) October 14, 2024

Markets are still clinging to the belief that, in the end, China *has* to go large on fiscal stimulus for consumers -which the weak inflation data out over the weekend will have encouraged them in doing- despite Beijing’s clear ideological aversion to the idea of welfarism or consumerism. Indeed, the same people aren’t reading the recent headlines about China taking away passports from schoolteachers and other civil servants (“Bullish! More money to spend at home!”) and cracking down on anyone reading books with the wrong ideology or ideas. (“Just like being at a Western university.”)

Markets might also notice that today China launched Operation Joint Sword B around the air and waters of Taiwan. Joint Sword A had declared: “The drills focus on joint sea-air combat-readiness patrol, joint seizure of comprehensive battlefield control.” Joint Sword B says it is for “joint sea-air combat readiness patrol, the blockade and control of key ports and areas, and strikes on sea and land targets.”

Meanwhile, the market is sighing that the end of Yom Kippur didn’t see the immediate launch of an Israeli counterstrike against Iran. Yet war rumbles on between Israel and Hamas; and Hezbollah, who just landed a suicide drone on an Israeli army base, a threat Ukraine had previously offered help with yet were snubbed due to fears this might anger President Putin – I doubt that taboo now holds; and the Houthis; and Iran-backed militias in Iraq; and with the US dispatching a THAAD missile defense system to Israel to supplement its defence systems, the odds are it’s when, not if, Israel hits Iran hard. What happens next is anyone’s guess.

The key point is not necessarily the direct risk of Israel hitting Iranian oil in a way that pushes prices up globally: i) it can blow up their refineries to force them to import oil, smashing their economy instead; and (ii) there are still Chinese and US petroleum reserves for these kinds of occasions. No, the key is rather to note that Iran has made it clear via various proxies that anyone helping Israel in any way (i.e., via their airspace) risks their oil being attacked by it. As I already pointed out, not only is this the fattest of tail risks for everyone globally, but it makes an absolute mockery of the BRICS+ ‘friendship’ between Iran and Saudi/the UAE that the usual crowd who don’t know the region have been salivating over for months.

Elsewhere, North Korea is doing provocative things near the border with South Korea, but will have to try much, much harder to get anyone’s attention. Perhaps by sending troops to fight for Russia, as some are alleging as well? Quick, let’s sanction North Korea! Oh…

Russia raised its wheat export tax; and Jayati Ghosh of the University of Massachusetts released a G-20 paper on ‘Possible Strategies for Enhancing Food Security’ which backs having the food equivalent of strategic petroleum reserves -which China already does- and reducing capital market speculation in agri commodities – which China already does. This is big picture stuff but suffice to say it’s about as neoliberal as me, which is appropriate given recent years have shown, as was always the case historically, that food can be weaponised geopolitically. (and so can almost everything: paging those who still don’t see this!)

Meanwhile, Poland is fighting… Brussels, which wants to fine it for having an excessively large fiscal deficit driven by spending 5% of GDP on defence, when most of the EU thinks 0.5% is a realistic figure for the realistic part of the army (rather than the share spent on uniforms, pencils, pensions, and off-sites.) It’s good to see the EU has its target priorities right in these mad times. I love the smell the strategic autonomy in the morning: smells like victory – for someone anyway. I mean, where would we be if France was running a vast fiscal deficit without any Poland-style extra military spending?

In the US, the market is starting to wake up to what those parsing the data were seeing for some time: that, just perhaps, not only is Trump on the path to winning, but he may take the House and Senate too. Of course, anything can change between now and 5 November. But that certainly includes markets who thought reading 528.com or quoting Nate Silver tweets counted as doing a deep dive into a subject of staggering importance to all asset classes.

On which note, Trump is still offering out tax breaks like Oprah: no tax on tips; or social security; or overtime; and auto loans would also be tax deductible. Moreover, he’s just spoken of tariffs of up to 1,000% -clearly rhetoric, not real policy- and his desire to keep the US dollar as the global reserve currency, and big and strong, which runs the other way from high tariffs unless Trump is going full mercantilist – which would shatter the global system as constituted.

We also had Elon Musk perform marvels with SpaceX rockets and launch the version of household robots which Hollywood -and Karol Čapek- envisioned: how does he find the time with all those tweets? What could that all mean for markets? What does it mean for wars? What does it mean for mankind?! But, hey, why focus on things like that when we are living in such peaceful, uneventful times: isn’t there a rate cut somewhere we can focus on instead?!

And the answer is, yes, there will be another 25bps cut from the ECB this week. China, Iran, Russia, North Korea, and the US are sweating at the geopolitical implications of it.

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 TUESDAY MORNING 6;30AM//OPENING AND CLOSING

EURO VS USA DOLLAR:  1.0903 DOWN 0.0006

USA/ YEN 149.27 DOWN 0.449 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 UP .0016

USA/CAN DOLLAR:  1.3818 UP 0.0011 (CDN DOLLAR DOWN 11 BASIS PTS)

 Last night Shanghai COMPOSITE CLOSED DOWN 83.03 PTS OR 2.53%

 Hang Seng CLOSED DOWN 774.08 PTS OR 3.65%

AUSTRALIA CLOSED UP .81%

 // EUROPEAN BOURSE:     MOSTLY MIXED

Trading from Europe and ASIA

I) EUROPEAN BOURSES:  ALL MOSTLY MIXED

2/ CHINESE BOURSES / :Hang SENG CLOSED DOWN 774.05 PTS OR 3.65%

/SHANGHAI CLOSED DOWN 83.03 PTS OR 2.53%

AUSTRALIA BOURSE CLOSED UP 0.81%

(Nikkei (Japan) CLOSED UP 304.75 POINTS OR 0.77%

INDIA’S SENSEX  IN THE RED

Gold very early morning trading: 2651.25

silver:$31.16

USA dollar index early TUESDAY  morning: 102.94 DOWN 14 BASIS POINTS FROM  FRIDAY’s CLOSE.

TUESDAY  MORNING NUMBERS ENDS

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And now your closing  TUESDAY NUMBERS 1: 30 AM

Portuguese 10 year bond yield: 2.695%  DOWN 10 in basis point(s) yield

JAPANESE BOND YIELD: +0.964% UP 1 AND 4/ 10   BASIS POINTS /JAPAN losing control of its yield curve/

SPANISH 10 YR BOND YIELD: 2947 DOWN 9 in basis points yield

ITALIAN 10 YR BOND YIELD 3.472 DOWN 10 points in basis points yield ./ THE ECB IS QE’ ING ITALIAN BONDS (BUYING ITALIAN BONDS/SELLING GERMAN BUNDS)

GERMAN 10 YR BOND YIELD: 2.2290 DOWN 7 BASIS PTS

END

IMPORTANT CURRENCY CLOSES FOR TUESDAY  

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

Euro/USA 1.0914 UP .0006 OR 6 basis points

USA/Japan: 149.12 DOWN 0.596 OR YEN IS UP 60 BASIS PTS//

Great Britain 10 YR RATE 4.225 DOWN 4 BASIS POINTS //

Canadian dollar DOWN .0011 OR 11 BASIS pts  to 1.3813

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The USA/Yuan,  CNY ON SHORE CLOSED DOWN 7.1164 (ON SHORE)  

THE USA/YUAN OFFSHORE:    (YUAN CLOSED (DOWN)…. (7.1208)

TURKISH LIRA:  34.23 EXTREMELY DANGEROUS LEVEL/DEATH WATCH/HYPERINFLATION TO BEGIN.//

the 10 yr Japanese bond yield  at +0.964

Your closing 10 yr US bond yield DOWN 8 in basis points from THURSDAY at  4.046% //trading well ABOVE the resistance level of 2.27-2.32%)

 USA 30 yr bond yield  4.349 DOWN 3 in basis points  /11:00 AM

USA 2 YR BOND YIELD: 3.933 DOWN 3  BASIS PTS.

GOLD AT 11;00 AM 2652.30

SILVER AT 11;00: 31.21

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

London: CLOSED DOWN 43.38 PTS OR 0.52%

German Dax :  CLOSED DOWN 22.10 OR 0.11%

Paris CAC CLOSED DOWN 80.09 PTS OR 1.05%

Spain IBEX CLOSED UP 79,30 OR 0.67%

Italian MIB: CLOSED DOWN 102.10 OR 0.29%

WTI Oil price  71.02 12 EST/

Brent Oil:  74.63 12:00 EST

USA /RUSSIAN ROUBLE ///   AT:  97.00 ROUBLE DOWN 1 AND  40/100      

GERMAN 10 YR BOND YIELD; +2.2290 UP 3 BASIS PTS.

UK 10 YR YIELD: 4.2250 DOWN 3 BASIS POINTS

CDN 10 YEAR RATE: 3.184 DOWN 10 BASIS PTS.

CDN 5 YEAR RATE: 2.95 DOWN 11

CLOSING NUMBERS: 4 PM

Euro vs USA 1.0888 DOWN 0.0020 OR 20 BASIS POINTS

British Pound: 1.3071 UP 0.0004 OR 4 basis pts

BRITISH 10 YR GILT BOND YIELD:  4.210 DOWN 1 BASIS PTS//

JAPAN 10 YR YIELD: 0.954

USA dollar vs Japanese Yen: 149.18 DOWN 0.530 BASIS PTS// HEADING FOR 160 TO THE DOLLAR

USA dollar vs Canadian dollar: 1.3792 DOWN 0.0009 CDN dollar UP 9 BASIS PTS

West Texas intermediate oil: 71,02

Brent OIL:  74.83

USA 10 yr bond yield DOWN 10 BASIS pts to 4.028

USA 30 yr bond yield DOWN 7 BASIS PTS to 4.315%

USA 2 YR BOND: UP 1 PTS AT  3.947

CDN 10 YR RATE 3.158 DOWN 12 BASIS PTS

CDN 5 YEAR RATE: 2.924 DOWN 7 BASIS PTS

USA dollar index: 103.04 DOWN 5 BASIS POINTS

USA DOLLAR VS TURKISH LIRA: 34.24 GETTING QUITE CLOSE TO BLOWING UP/

USA DOLLAR VS RUSSIA//// ROUBLE:  97,00 DOWN 1 AND  40/100 roubles

GOLD  2,665.15 3:30 PM

SILVER: 31.53 3:30 PM

DOW JONES INDUSTRIAL AVERAGE: DOWN 324.93 PTS OR 0.75%

NASDAQ DOWN 273.21 PTS OR 1.34%

VOLATILITY INDEX: 20.59 UP .89 PTS OR 4.52%

GLD: $245.92 UP 0.85 OR 0.35%

SLV/ $28,72 UP .18 OR 0.83%

end

USA AFFAIRS

USA TRADING TODAY IN GRAPH FORM:

Crude Crashes, Tech Tumbles; But Bonds, Bullion, & Bitcoin Bid

by Tyler Durden

Tuesday, Oct 15, 2024 – 04:00 PM

Quite a day… Headlines on Israel reportedly agreeing not to blow up energy facilities wiped a chunk of geopolitical risk premium off crude; the Empire Fed manufacturing survey crashed from multi-year highs, crushing the ‘no landing’ narrative; ASML’s dismal earnings and outlook wrecked the AI “insane demand” narrative; and LVMH poured cold water on the ‘consumer is strong’ narrative.

The result of all that was bonds bid (yields lower), oil dumped, bitcoin & gold jumped along with the dollar, and growth stocks puked as value spiked.

ASML puked 17%, erasing all of 2024’s gains…

…and that hit big-tech, smashing Mag7 stocks lower, erasing all of yesterday’s gains…

Source: Bloomberg

…which snapped Nasdaq lower, weighed down the S&P, while Small Caps soared. The Dow was pummeled by UNH’s big drop (-300 Dow points) and selling pressure weighed on everything by the close, erasing most of the Russell 2000’s gains on the day…

Small Caps outperformed Big-Tech by the most since July today (and also the biggest 3-day outperformance since July)

Source: Bloomberg

Value outperformed Growth stocks dramatically early on but that reverted to practically no differential by the close…

Source: Bloomberg

More bank earnings today left Citi down hard (now in the red since bank earnings started on Friday), but Wells Fargo outperforming the bunch…

Source: Bloomberg

VIX continues to decouple from spot SPX, back above 20 today…

Source: Bloomberg

After being closed yesterday, bonds re-opened mixed with the long-end outperforming…

Source: Bloomberg

…and the short-end seeing yields pushed higher during the US day session, flattened the yield curve (2s10s) dramatically…

Source: Bloomberg

The STIRs market is adjusting to a new ‘landing’ narrative with rate-cut expectations for 2024 being reduced while 2025 expectations are dovishly rising..

Source: Bloomberg

The dollar kept rising, breaking above its 100- and 200-DMAs today to its highest close since the start of August…

Source: Bloomberg

Despite the dollar strength, gold also kept rising today, back near record highs…

Source: Bloomberg

Oil prices tumbled on Washington headlines that Israel would not bomb energy facilities (but didn’t bounce back on Israel denials)…

Source: Bloomberg

Bitcoin broke out of its down-channel today, blowing through the 200DMA…

Source: Bloomberg

…and perhaps on its way to new highs as it tracks global liquidity…

Source: Bloomberg

Finally, the market’s inflation expectations are soaring in recent weeks…

Source: Bloomberg

In fact, as Deutsche Bank reports, 5yr US inflation swaps have seen their largest 5-week climb since just before SVB’s collapse in March 2023, an event that shifted the narrative away from around 4 more hikes to imminent cuts for a

MORNING TRADING/

AFTERNOON TRADING///

II USA DATA

NY Mfg dead! Crashes hugely

Empire Fed Manufacturing Crashes From 30-Month High To 5-Month Low…

Tuesday, Oct 15, 2024 – 08:43 AM

After nine straight months of ‘contraction’, September’s surge to 30-month highs in the Empire Fed’s Manufacturing survey was greeted by all as proof that Bidenomics (or something…) was working and everything was awesome once again… so vote for Kamala…

October is a very different matter as the survey crashed from +11.5 to -11.9 – the lowest since May. That is the biggest MoM drop since January…

Source: Bloomberg

A measure of current new orders plunged nearly 20 points to -10.2 after climbing a month earlier to the highest since April 2023.

The index of shipments decreased almost 21 points to minus 2.7.

The employment index, however, rebounded to 4.1 – the first expansion in a year – while a measure of hours worked also climbed.

Meanwhile, the New York Fed’s gauge of prices paid for materials increased to a six-month high of 29, while an index of prices received by state manufacturers also accelerated.

Finally, to add further confusion, at the same time, the six-month outlook for overall activity increased to a three-year high of 38.7, indicating the state’s manufacturers are more upbeat about the economy’s prospects.

…baffle ’em with bullshit is back.

III USA ECONOMIC NEWS

Stagflation Odds Jump In Latest NY Fed Survey As Inflation Expectations Rise, Delinquency Fears Hit 4 Year High

Tuesday, Oct 15, 2024 – 03:00 PM

In recent weeks, we have discussed on multiple occasions (here, here and here) how in his desire to get Kamala Harris re-elected by rushing out a jumbo cut before November 5, Fed president Jerome Powell may have triggered the second coming of the Arthur Burns “galloping inflation” Fed, and sure enough recent inflationary prints have certainly raised the threat that the Fed is now aggressively easing even as inflation has not only not been defeated, but is once again rising.

Then overnight, it was Deutsche Bank’s chief credit strategist Jim Reid who observed that US 5yr inflation swaps have seen their “largest 5-week climb since just before SVB’s collapse in March 2023, an event that shifted the narrative away from around 4 more hikes to imminent cuts for a period of time.”

To be fair, it’s not just the 50bps Fed easing in itself that has changed the inflation and rates outlook over the last few weeks. We’ve also seen 1) expectations that the ECB will move more aggressively; 2) renewed geopolitical risk and a potentially large China stimulus turn the Oil price (and other commodities) higher after a late summer slump; 3) a bumper payrolls report; and 4) still generally firm US data, including an upside surprise in the CPI last week.

Then again, these are all dynamics that the Fed should have considered before it launched an aggressive easing cycle at a time when stock prices are at all time highs, when wage inflation ~5%…

… and when home prices are still rising at a mindblowing 6%!

It is therefore not surprising that the latest monthly survey of consumer expectations from the NY Fed found that inflation expectations rose at both the three-year horizon (from 2.5% to 2.7%) and the five-year horizon (from 2.8% to 2.9%), and remained unchanged at the one-year horizon (where they are driven primarily by recent moves in gas prices).

And the reason why the short-term inflation expectations were unchanged – if at the Fed’s raised inflation target of 3% – is because the median respondent saw gasoline up “only” 3.4% over the next 12 months, the least in two years. Expected food inflation ticked higher after falling in August to the lowest level since pre-pandemic, while expectations for rental inflation moderated to 6.3%. Median home price growth expectations decreased by 0.1 percentage point to 3.0%. Some other year-ahead commodity price expectations: an increase of 0.1% for food to 4.5%, college prices remained unchanged at 5.9%; medical care cost expectations dropped by 1.4% to 6.6% (the lowest reading since February 2020).

And while inflation expectations rose, sentiment about the broader economy deteriorated as perceptions among households that they might become delinquent on debts increased last month to the highest levels since April 2020.  The anticipated probability of missing a minimum debt payment over the next three months rose to 14.2% in September, marking the fourth straight month of increases; the increase was most pronounced for respondents between ages 40 and 60 and those with annual household incomes above $100k.

The latest data confirms the view that the US economy is becoming increasingly split as some households do well while others are getting crushed by rising prices, slower growth and higher unemployment. In other words, stagflation. 

While the orchestrated surge in the stock market – and one has the Fed’s recent rate cut to thank for that – has helped propel overall household net worth to a record over the past few months, tens of millions of Americans do not own any equities and have instead been accumulating debt in recent years amid elevated interest rates.

The increased odds of delinquency were mirrored in a broader deterioration of perceptions about households’ current financial situations, with fewer consumers reporting being better off and more reporting being worse off than a year ago, according to the survey.

Sticking with the stagflation theme, year-ahead household income and spending growth expectations declined by 0.1 percentage point to 3.0 percent and 4.9 percent, respectively.

There was slightly more cheer in consumers’ labor market expectations, where the probability of leaving one’s job voluntarily in the next twelve months increased to 20.4% from 19.1%, and the mean perceived probability of finding a job in the event of job loss increased to 52.7% from 52.3% in August.

Hilariously, median year-ahead expected growth in government debt declined by 1.1 percentage points to 8.0%, reaching the measure’s lowest level since February 2020. Spoiler alert: it will be much, much higher.

And confirming that many of the respondents are absolutely clueless, the mean perceived probability that the average interest rate on saving accounts will be higher 12 months from now decreased by 1.5 percentage points to 25.1%. Yes, about 25% of households have no idea that the Fed is now cutting rates and rates on savings accounts will be much lower in 12 months… unless of course we get hyperinflation in the next 3-9 months and the Fed panics into a hiking frenzy

Last but not least, the mean perceived probability that U.S. stock prices will be higher 12 months from now increased by 1.0 percentage point to 40.3%. It was unclear how many bulls also expected lower rates in the coming year.

Overall, an ugly, stagflationary survey, and hardly what the Fed may have expected to see several weeks into the first easing cycle since the global economy was shut down by a genetically engineered flu virus in 2020.

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

VDH

The Scent Of A Harris Panic In The Air

Saturday, Oct 12, 2024 – 06:40 PM

Authored by Victor Davis Hanson,

The 2024 race is still close.

But then so was the 1980 Carter-Reagan race at this same juncture.

Indeed, incumbent president Carter was then comfortably up in the last two October Gallup polls – before utterly and suddenly evaporating on Election Day.

But in the last seven days, there seems a sense of panic in the Harris campaign.

How do we know that?

Why are Democratic pundits – from Axelrod to Carville – blasting the Harris campaign and otherwise warning of bad things to come?

Why are some of the once Democrat sure-thing senate races—e.g., in Ohio, Wisconsin, and even Michigan—tightening up?

Pundit poll-watchers are suggesting that Trump is close, even, or slightly ahead in the swing-state polls, suggesting that he is nearing a margin that could cancel out anticipated “ballot irregularities”.

The expected October Harris-Biden surprises – the opportune Fed interest rate cut, the transparently desperate Jack Smith beefed-up re-indictment, the current new Hollywood Trump-hit movie, the desperate Zelensky fly-in to Pennsylvania, the election-cycle customary Bob Woodward unsourced gossip book – seemed so far to have had no effect.

Why would any campaign send out the bumbling Tim Walz to a Fox Sunday interview after his disastrous debate?

Why is a suddenly smiling Biden so eager to claim candidate and VP Harris as a co-conspirator to his disastrous four years?

Why would Harris pivot and now agree to (admittedly mostly softball) interviews, thus confirming to the voting public why she wisely had previously avoided all press conferences, interviews, and town halls?

Why – after the last two moderator-rigged ABC and CBS debates – would Harris desperately want another and possibly believe that Trump would ever agree to any such warped forum?

The last 4-5 Harris scripted interviews, but especially on CBS’s 60 Minutes, have been train wrecks.

Everyone expected (and was not disappointed) the on-spec word salads, predictable sappy retreats to her misleading bio, the now accustomed deer-in-the-headlights confusion about her prior three years with Biden, and the general mush in lieu of any policy prescriptions.

Why would CBS think it worth ruining its already debased reputation by doctoring the transcript of the Harris disastrous interview in a vain attempt at Orwellian repair?

Why is a rusty but still narcissistic Barack Obama at last hitting the campaign trail?

And is he still effective—or reduced to becoming an Oprah-like caricature?

After all, is it wise for the elite Obama (in his now accustomed snarky “clingers” style) to venture out of his mansions (Kalorama? the Hawaii beachfront? or the Martha Vineyard estate?) to talk down to black males struggling under years of a hyperinflationary economy, a flood of illegal immigrants from an open border, and a four-year-spiking crime rate?

Does the Netflix grandee berating black men as victims of false consciousness, misled, and brainwashed into voting for the Trump agenda really win them over to Harris?

Does the hundred-million-dollar-plus man Obama persuade anyone by reverting for a few moments to his old community-organizing, fake black patois and his pseudo-racial intimacy of “brothers”?

And does it work for Obama (remember “when they go low, we go high”) to blast Trump as racist and crude, when Obama jokes that Trump wears diapers – this after previously suggesting at the Democratic convention that Trump suffered from small genitalia?

If this should continue, soon the July 21st coup that removed Biden, along with the Harris pick of Tim Walz, will go down as days of Democrat infamy.

Anything can happen in the next three weeks. But so far, the cures for the Harris slide are far worse than the malady itself.

SWAMP STORIES

Ridiculous: Harris promises black men 20,000 in forgivable loans

(zerohedge)

Next-Level Vote-Buying: Harris Promises Black Men $20k ‘Forgivable Loans’

Tuesday, Oct 15, 2024 – 08:25 AM

On track to post Democrats’ worst presidential-election performance with blacks in 64 years, a desperate Kamala Harris smashed the vote-buying button on Monday, proposing an “Opportunity Agenda” for black men that includes dishing out one million “forgivable loans” at $20,000 each. 

The loans would be offered to black entrepreneurs “in partnership with trusted organizations like mission-driven lenders and banks with a proven commitment to their communities,” the Harris-Walz campaign said. If these “forgivable loans” are anything like the ones dished out to businesses during the madness of Covid stimulus, they’ll be loans in name only — meaning this is just a blatant wealth redistribution scheme aimed at buying black votes.  

Unsurprisingly, the campaign provided few details about the program’s requirements — such as just how black one will need to be to qualify:

https://twitter.com/grandoldmemes/status/1845912009218335079?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E184591200921

The pledge comically evidences Harris’ generationally-terrible poll numbers among blacks. Consider that, in 2012, President Obama owned the black vote by an 85-point margin. Today, Harris is up by just 54 points. The numbers are even worse among black men age 18 to 45: Obama won by 81, and Harris is up 41. Among all black men and women, Harris is poised to have the lowest share of the black vote since John F. Kennedy faced Richard Nixon in 1960.  

‼️🇺🇸 Kamala Harris' says she will ensure crypto investors "benefit from a regulatory framework so that Black men and others…in this market are protected."

This comes with 1 million loans that are fully forgivable up to $20,000 to
"Black" entrepreneurs.

The Democrat party is… pic.twitter.com/4XTws5H3Ni

— alexvsl 🇨🇦🇺🇸 (@aalexvsl) October 14, 2024

In addition to money, Harris also promised to throw marijuana at black men. In 2020, then-Hawaii Rep. Tulsi Gabbard famously used Harris’ record of mass incarceration of marijuana users as part of a withering, 45-second verbal assault that single-handedly ended the Harris 2020 campaign before it even reached the Iowa caucuses, saying “She put over 1,500 people in jail for marijuana violations and then laughed about it when she was asked if she ever smoked marijuana.” 

Knowing her reputation as “Kamala the Cop” continues to be a major liability for her among blacks, Harris on Monday promised to not only end federal marijuana prohibition, but to help black men thrive in the marijuana business. “[Harris] will also fight to ensure that as the national cannabis industry takes shape, Black men—who have, for years, been overpoliced for marijuana use—are able to access wealth and jobs in this new market,” the campaign said, opting not to acknowledge that Harris was herself an enthusiastic “over-policer.”  

As we noted yesterday, after years of dubiously attacking cryptocurrencies as vehicles for drug-trafficking, the Harris agenda for black men also includes ensuring that crypto regulation is conducive to black men’s ownership of such assets.  

If this gets through you are utterly obligated to say you are black and demand 20K. We are already in the looting stage and you need to get your cut. https://t.co/7I3P8lmJ0F

— James Kirkpatrick (@VDAREJamesK) October 14, 2024

The $20,000 “loan” scheme comes on the heels of different act of desperation to shore up the Democratic coalition’s black cornerstone — one that went down like a lead balloon. On Thursday, Barack Obama condescendingly scolded “brothas” for their lackluster support of the vice president, even going so far as to accuse them of sexism. Black men immediately took to social media to ridicule Obama, and they haven’t stopped roasting him, Harris and the Democratic Party 

end

Was ‘Harris With The Glock’ The New ‘Dukakis in the Tank’?

Tuesday, Oct 15, 2024 – 06:30 AM

Authored by Shane Harris via RealClearPolitics,

Vice President Kamala Harris’ comments about owning a “Glock” are proving to be, more than just a short-lived embarrassment, a microcosm of the problem plaguing her candidacy. Like other failed campaigns before, Harris’ camp seems to believe the public can be hoodwinked with prepared lines and ads and images that are at odds with the candidate’s record and identity.

“Tim Walz and I are both gun owners,” Harris said on stage in Philadelphia last month during her debate with Donald Trump. “We’re not taking anybody’s guns away.”

It was one of the more discordant remarks Harris has made throughout her short-lived campaign, and inadvertently highlighted her record of hostility toward gun owners and the Second Amendment. Harris has supported bans of popular firearms which she calls “assault weapons,” praised Australia’s gun grabs, and signed on to a Supreme Court brief which argued that the Second Amendment protects only a “collective” or “militia-related” right to bear arms – and not an individual right.

To many political observers, this transparent attempt to appeal to gun owners after her long history of anti-Second Amendment advocacy smacked of desperation. For some, it evoked memories of an infamous 2004 John Kerry campaign photo op which showed the Democrat nominee dressed in camo emerging from an Ohio cornfield with a double-barreled shotgun, supposedly just wrapping up a goose hunt. Kerry knew firearms – he’d served in combat – but the image felt utterly contrived.

Perhaps the most famous instance of a candidate pretending to be something he wasn’t and thinking a clever photo op would solve a terminal problem with his campaign was Democratic presidential nominee Michael Dukakis in 1988. Dukakis, then governor of Massachusetts, wanted to run on the Bay State’s economic resurgence – the “Massachusetts miracle,” he called it. The George H.W. Bush campaign had other ideas, producing a series of withering negative ads attacking Dukakis for his policy as governor allowing “weekend passes” for convicted murderers, his association with the ACLU, and his perceived weakness on national defense. In response, the Dukakis campaign tried to show their man’s toughness by orchestrating a photo op of him riding in an M1 Abrams tank.

It didn’t look authentic, and the image went viral before viral was a thing. Dukakis contributed a major laugher to the history of presidential campaigns. To this day the photo is regarded as one of the most consequential unforced errors in presidential campaign history.

Is Harris maybe facing her own “Dukakis in the tank” moment? Following her debate with Donald Trump, she insisted on doubling and tripling down on her gun comment, displaying a complete inability to read the room.

The first follow-up came a little over a week after the debate when Harris told Oprah Winfrey, “If somebody breaks into my house, they’re getting shot,” a jarring declaration she punctuated with one of her infamous cackles. Then came the awkward moment on CBS’ “60 Minutes” when the vice president said specifically that she owns a “Glock” and has “had it for quite some time.”

Were it not for those two subsequent comments, Harris’ initial debate remark might’ve faded away after some mild ribbing from conservatives.

So now Harris has created an even bigger headache for herself, namely because she has supported policies which would not only outlaw handgun ownership, but ban Glocks specifically. In 2005, Harris backed a San Francisco measure that would’ve outlawed handguns in the city; her 2008 Supreme Court brief in D.C. v. Heller explicitly argued that the Second Amendment does not protect the right of private citizens to use handguns for home self-defense – exactly what Harris told Oprah she has a gun for. Most Glocks also have what Harris would consider a “high-capacity magazine” (10 rounds), which she has forcefully called for banning.

In the end, Harris turned what should’ve been only a mildly embarrassing moment into a classic self-own. But missteps such as these aren’t aberrations, they are indicative of a deeper problem in a national campaign.

As Mike Dukakis later said himself about the notorious tank photo-op, “That didn’t beat me. If we had run a decent national campaign, that wouldn’t have had any effect.”

Shane Harris is a writer and political consultant from Southwest Ohio. His work regularly appears on AMAC Newsline. You can follow him on X @shaneharris513.

KING REPORT

The King Report October 14, 2024 Issue 7347

Independent View of the News

The September PPI Report was strange.  0.0% m/m, 0.1% m/m expected but PPI y/y 1.8%, 1.6% expected and August revised to 1.9% from 1.7%.  Core PPI 0.1% m/m, 0.2% expected, prior 0.2% from 0.3% m/m, but Core PPI y/y 2.8%, 2.6% expected and August revised to 2.6% from 2.4%.  A 2.7% m/m decline in energy kept PPI from being a ‘problem.’   The University of Michigan Sentiment fell to 68.9 from 70.1, 71.0 was expected.  Current conditions dropped to 62.7 from 63.3, 64 was consensus.  Expectations slumped to 72.9 from 74.4, 74.8 was expected.  1-year Inflation expectations increased to 2.9%, 2.7% expected and prior.  5-10-year Inflation was the expected 3.0%, 3.1% prior.   @ces921: Chart of the Day – UMich Mean Expected Change in Prices During the next 5-10 years.  I know it’s only a few hundred people surveyed and political in nature, but still, this is wild. (7.1%!) https://t.co/8WifFHqCvg   A big part of Friday’s rally in precious and industrial metals, as well as equities was due to hope that on Saturday, China FM Lan Fo’an would announce new stimulus schemes at a scheduled presser.   CNBC: China’s Finance Minister Lan Fo’an is set to hold a press conference at 10 a.m. on Saturday local time on “intensifying” fiscal stimulus policies, the country’s State Council Information Office said. https://www.cnbc.com/2024/10/11/chinas-whatever-it-takes-moment-investors-hope-for-billions-of-additional-stimulus-this-saturday.html   JPM reported Q3 EPS of 4.37, 4.01 expected, and revenue of $43.32B, $41.98B expected.   JPMorgan Posts Surprise NII Gain (+3%), Raises Key Revenue View – BBG (JPM +5.5% at peak) Investment banking fees surging 31% (16% exp.)… Equity traders notched a 27% revenue increase…     Despite the strong showing, Chief Executive Officer Jamie Dimon offered a somewhat gloomy economic outlook… citing fiscal deficits, infrastructure needs and remilitarization.     On the geopolitical front, Dimon said, “conditions are treacherous and getting worse…could have far-reaching effects on both short-term economic outcomes and more importantly the course of history.”… https://www.bnnbloomberg.ca/business/2024/10/11/jpmorgan-posts-surprise-nii-gain-as-investment-bank-beats/   Wells Fargo: 1.42 EPS, 1.28 exp; revenue $20.37B, $20.41B exp.  WFC +6.9% at peak (10:40 ET).   ESZs traded modestly higher but flat during Nikkei trading.  After 1 ET, ESZs turned negative.  A plodding decline took ESZs to a daily low of 5816.00 at 4:51 ET.  ESZs then rallied moderately on JPM and WFC’s results.  But ESZs remained negative, except for a 7-minute spike near the release of the PPI Report.  When the NYSE opened, panic buying appeared.  ESZs zoomed to a daily high of 5866.25 at 10:27 ET.  This is trader and hedge fund buying.  Institutions do not and cannot buy this recklessly.   ESZs then persistently declined until they hit 5845.00 at 12:54 ET.  The conditioned Friday Afternoon Rally then began.  ESZs intractably rallied to a new high of 5868.25 at 15:14 ET.  Because traders were beaucoup long, ESZs sank to 5856.00 at 16:03 ET on liquidation for the weekend.   September Class 8 (Truck) Retail Sales Fall 1.9% Year Over Year Sales Post Eighth YOY Decline in First Three Quarters of 2024 https://www.ttnews.com/articles/september-class-8-sales-fall   Elon Musk’s Optimus humanoid robots steal show at Tesla event: ‘This will be the biggest product ever’ https://trib.al/g8U0ErG   Tesla’s Cybercab robotaxi is finally here with a $30K price tag — plus a surprise Robovan https://finance.yahoo.com/news/teslas-cybercab-robotaxi-is-finally-here-with-a-30k-price-tag–plus-a-surprise-robovan-071844079.html   Positive aspects of previous session US stocks soared because Q3 earnings season buying and China stimulus hopes. The DJIA and S&P 500 hit new record highs; the S&P 500 closed above 5800   Negative aspects of previous session Fangs were soft all session on TSLA (-9.8% at nadir) on disappointment over its ‘Cybercab.’ Gold and precious metals soared; USZs were -4/32 at the NYSE close US stocks are bumbling up!   Ambiguous aspects of previous session How big will the latest US equity bubble inflate?   First Hour/Last Hour Action [S&P 500 Index]: 1st Hour from NYSE Open: Up; Last Hour: Down   Pivot Point for S&P 500 Index [above/below indicates daily trend to traders]: 5804.08 Previous session S&P 500 Index High/Low: 5822.13; 5775.09   @TrumpWarRoom: Biden on criticisms of his admin’s botched response to the hurricane: “Those who have been spreading these lies to try to undermine the opposition, they are going to pay a price for it.” What did he mean by this?  https://x.com/TrumpWarRoom/status/1844797855040487469   Most investors and traders realize that earnings can and are crafted; but it is harder to fudge sales.  The S&P 500’s Sales to Price Ratio is back above 3.  Its all-time high is 3.1629 in December 2021.       China tees up fresh spending to boost ailing economy “In the next three months, a total of 2.3 trillion yuan of special bond funds can be arranged for use in various places,”… Beijing also plans to “issue special government bonds to support large state-owned commercial banks,” Lan (finance minister) said, although he did not say how much… https://finance.yahoo.com/news/china-offers-325-bn-fiscal-030708576.html   Today – The bond market and Fed are closed for Columbus Day.  The mammonish execs that run the US equity markets want stocks to be open as much as possible so they can pilfer as many pennies as possible from the equity order flow.   US stocks are bubbling anew on buying for Q3 earnings season and perhaps the prospect of Trump winning.  The Earnings Season Rally tends to peak near Apple’s results.  Apple is the last Fang to report during earnings season.   Nvidia won’t report for weeks.   The ~$315B bond issuance (for stimulus) China announced on Saturday met expectations, but it was far less that what bulls desired.   ESZs are -4.75; NQZs are -32.50; and USZs are -12/32 at 20:38 ET on underwhelming China stimulus.   Expected impact earnings: none; Expected econ data and events: none   S&P Index 50-day MA: 5584; 100-day MA: 5517; 150-day MA: 5398; 200-day MA: 5280 DJIA 50-day MA: 41,138; 100-day MA: 40,301; 150-day MA: 39,822; 200-day MA: 39,433 (Green is positive slope; Red is negative slope)   S&P 500 Index (58815.03 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 5434.12 triggers a sell signal Daily: Trender and MACD are positive – a close below 5702.86 triggers a sell signal Hourly: Trender and MACD are positive – a close below 5779.32 triggers a sell signal   Axios: Some top Dems won’t commit to certifying a Trump win https://www.axios.com/2024/10/11/house-democrats-jan-6-election-trump-raskin?s=02   Comer slams Raskin as ‘ultimate hypocrite’ after Raskin stopped short of committing to certify a Trump win https://t.co/PLadjvGMnu   Didn’t Dems impeach Trump for allegedly trying to do this?  Does this destroy the don’t vote for Trump because of Jan 6 and DJT’s threat to democracy narratives?   It’s hard to believe, but things got considerably worse for VP Harris on Friday.     Due to desperation, Team Obama-Harris played what they thought was their ace of trump – having Barack publicly command black men to vote for Kamala.  It backfired spectacularly as beaucoup black men & women slammed BHO.  (more below)     Reports surfaced that the day in which Harris whined that DeSantis wouldn’t take her phone calls as the Florida Governor was preparing for Hurricane Milton, she was doing a photo shoot for Vogue.     At a campaign appearance, Harris told the crowd how much GOP Sen. McCain liked her and told her that she is a great senator.  Hours later, Meghan McCain warned Harris that if she keeps making up BS stories about her father, she will reveal what her father really thought about Kamala. https://x.com/k_ovfefe2/status/1844877083970797696     At the same appearance, Harris elicited mucho ridicule after saying this: “When we think about what’s at stake in this election – well it’s packed with some stuff! Some fundamental stuff! (cackles) I say rather articulately.” https://t.co/2UEboEUkgW     At a WH meeting in front of the media, Joe Biden snapped at a staffer that reminded him to let Harris speak (for the photo op).    Top pollsters and political pundits opined that Trump’s surging in betting markets and polls is due to the astounding number of GOP mail in ballots that been requested and returned.  This dynamic implies that polls are greatly undercounting Trump support, especially among new and low-frequency voters.     Harris’s town hall Thursday night on Univision was bad; pics showed a Teleprompter was present; and reports say the audience was pre-selected and some were hired. (see below)     Walz’s new media tour has been predictably unpleasant.   Obama faces backlash after targeting black male voters for not showing more support for Harris https://t.co/KTq4MtQx9d   ‘Not Acceptable’: Obama Scolds Black ‘Brothers’ for Not Backing Harris – Blames Sexism Appealing to race, Obama then told the mostly-black group at the campaign office that the choice in 2024 was clear, given that, “on the one hand, you have somebody who grew up like you, knows you, went to college with you, understands the struggles and pain and joy that comes from those experiences…” https://www.zerohedge.com/political/not-acceptable-obama-scolds-black-brothers-not-backing-harris-blames-sexism   Democrats Are Hemorrhaging Male Voters, So Obama Helped by Insulting Men “I’m speaking to men directly — part of it makes me think that, well, you just aren’t feeling the idea of having a woman as president, and you’re coming up with other alternatives and other reasons for that.”  But CNN Republican commentator Scott Jennings wasn’t sure the Obama strategy would be any more effective than anything the campaign had previously tried.     “This is the political party that thinks gender is just a state of mind, and now all of a sudden they’re like, ‘Oh, my God, we’re having trouble with moderate biological males,’” Jennings began. “I mean, who is surprised about this?”… “I think their problem isn’t attacking Trump, their problem is finding reasons to give people to support Kamala Harris,” Jennings then pivoted to address Obama directly, adding, “This stop he made, and this plea he’s making to African American men, I mean, he said today – he insulted them!…  https://www.dailywire.com/news/democrats-are-hemorrhaging-male-voters-so-obama-helped-by-insulting-men   @MadisonPayton2: I’m tired of Barack Obama lecturing Black men.   ‘I Got a Dad, and He Ain’t You’: Response to Obama’s Condescending Remarks Goes Viral https://www.zerohedge.com/political/not-acceptable-obama-scolds-black-brothers-not-backing-harris-blames-sexism   ‘Wrong’ for Barack Obama to ‘lecture’ Black men for not supporting Kamala Harris: Ex-Bernie Sanders adviser https://t.co/5yvnEZkhsB   @PastorDScott: Obama out here telling Black men what they “should” do. He never had a real “Black” experience. He knows nothing about “that life”. He was raised by his White Mother and Grandmother in Hawaii, and attended Harvard. He needs to stop cappin…   @VernonForGA:  @BarackObama sent out by White liberals to “Blackman-splain” to get Black men to vote for @KamalaHarris.  Wait, his mother and Kamala’s mother are both “WHITE.” Obama doesn’t even have Black neighbors, and 99% of his handlers are White.   I don’t have anything in common with Kamala. No Thanks BO, Blacks had enough of you and @KamalaHarris.   @tariqnasheed: The DNC has sent out Barack Obama to scold Black men and try to shame us into supporting his fellow NON- Foundational Black American candidate Kamala Harris   Team Obama-Harris’s scheme to employ Barack has backfired, bigtime!  Slick Willie is up next!   Fox’s Peter Doocy: “The Harris campaign is now teasing a return to the campaign trail of another President: Bill Clinton...”   Obama’s appealing to ‘shared black experience’ is the epitome of hypocrisy.  Barry was raised by his white mother and grandmother in Indonesia and Hawaii, not on the southside of Chicago!  He was a nobody in Chicago politics for this reason – until white liberals found him and elevated him.   Harris grew up mostly in a Montreal and Berkley, CA.  These are not the ‘hood.’   Obama was set to lose in 2012 but Romney went into a prevent defense/shell/fetal position.  Mitt lost the presidency during the final weeks when he allowed Obama and GOP Gov Christie to scuttle him.   Obama’s popularity is greatly overstated due to the Bradley Effect: People will NOT tell pollsters their true feelings because they don’t want to be perceived as racist or be contra to what pollsters believe.    Meghan McCain threatens to ‘spill tea’ on father’s actual thoughts on Kamala Harris https://t.co/mrydV8332E   Kamala Harris posed for Vogue cover on anniversary of October 7 massacre The photoshoot, captured by celebrity photographer Annie Leibovitz, took place between two public appearances that Harris made on Monday…  ‘Optics and narrative are more important to Democrats than human lives. This is sad.’ One other commented: ‘She’s completely out of touch.’…     On social media, one person queried: ‘Why does this look like AI? ‘Her head and hands seem to be floating above the suit like they were superimposed over a stand-in. It’s freaking me out.’… Fans of former First Lady Melania Trump have also reacted angrily to Harris being bestowed with a Vogue cover… ‘Imagine. Vogue – a now silly, decrepit shell of what it once was – has never put the most glamorous woman in America on its cover, Melania Trump,’ wrote conservative author Pamela Geller.     ‘But this heavily photoshopped skank gets an election cover as did Jill Biden, Michelle Obama, Hillary Clinton, Jacinda Ardern.’ https://t.co/9dhCnPVZAJ   @WesternLensman: As the Kamala campaign hemorrhages support from men, MSNBC has decided to devote an entire morning to…..attacking men. ‘Striking and Deliberate Machismo and Bro Culture’ in the Trump Campaign — WAPO’s Ashley Parker https://t.co/snySOCV9rB     Mara Gay: Trump is “recruiting men to fascism” and that they all need therapy.   @MZHemingway: This person @MaraGay who is on MSNBC lecturing Trump supporters, saying “they’re in crisis” and need therapy is the same person who went on Brian Williams’ show and thought Bloomberg spending $500 million meant he could’ve given every American $1M. https://t.co/uJE4Zyo0Ea   Pro-Kamala Harris spot targeting ‘real men’ ripped as ‘cringiest political ad ever’ Ridicule of the ad was swift and spread like wildfire — with many openly questioning whether it was satire engineered by supporters of Republican nominee Donald Trump… https://nypost.com/2024/10/11/us-news/pro-kamala-harris-spot-targeting-real-men-ripped-as-cringiest-political-ad-ever/   @joma_gc: Jimmy Kimmel’s writer, Jacob Reed, directed an ad for the Kamala Harris campaign titled ‘Men for Kamala.’ The ad features what are presented as everyday male voters explaining why supporting Kamala Harris is the masculine thing to do. However, none of the men in the ad are actually regular voters—they are paid actors…  https://x.com/joma_gc/status/1844793372692848872   Kamala Harris held what was promoted as an ‘unscripted’ town hall on Univision.  It was another bad showing.  She broke out a Spanish accent and had testy exchanges with attendees.  Accidently, Univision revealed there was a Teleprompter at the event, which is unheard of at town halls.  https://t.co/uXkqIplknG   Univision Host Denies Kamala Teleprompter Claim, Which Explains This Rambling Answer https://www.zerohedge.com/political/kamala-harris-accused-using-teleprompter-during-supposedly-unscripted-town-hall-event   @TrumpWarRoom Kamala debuts her Spanish accent during a town hall with Univision. https://t.co/pLU1x8jqTL   When a Navy veteran told Harris about the shabby treatment he received for medical care and asked her what her play is to improve the healthcare system, Kamala said, “I come from the middle class.   My mother was a working woman (She was a professor & researcher at top universities.)… I know everyone has ambition, works hard and has aspirations…” https://x.com/joma_gc/status/1844566812437979274   @TrumpWarRoom: Q: “I used to spend $250 a week on food and now it goes up to $350… What are you going to do to help the middle class so that the cost of living does not destroy us?”     Kamala: “I come from the working class. I’m never going to forget what I come from… Part of what we have to do is build what I call an opportunity economy… one of the issues I’m going to be taking on is price gouging…”  https://x.com/TrumpWarRoom/status/1844572829339037938   @paulsperry_: Have you noticed? Whenever Kamala gets a tough question, she waxes nonsensically about “dreams & aspirations.” The phrase is like a rhetorical lifeline she throws herself when she can’t answer the question: “dreams & aspirations” …”dreams & aspirations”…”dreams & aspirations.”   Shills For Harris: Kamala Townhall for “Undecided Latino Voters” Curated with Avowed Supporters – The audience members I spoke to were selected with the help of a company called FansOnQ, according to the company’s founder, Conny Quintanilla, whose title for yesterday’s event was “Audience Manager.” The company puts out “casting calls” for events like the Latin Grammy Awards, which have been previously held in Las Vegas… https://www.zerohedge.com/political/scandal-kamala-townhall-undecided-latino-voters-curated-avowed-supporters   @amuse: TOWN HALL: Kamala Harris’s disastrous Univision town hall featured a ‘fake’ audience. 50% of the attendees were handpicked from across the country and flown to the town hall and were allowed to ask questions. The other 50% of the attendees were hired by an ‘audience-for-hire’ company and weren’t allowed to ask questions. The event was completely stage directed and fake. https://x.com/SystemUpdate_/status/1844751175003861051   @SteveGuest: Telling word choice: Second Gentleperson Doug Emhoff calls the allegations that he hit his ex-girlfriend in the face “a distraction.” That’s not a denial. Doug is a lawyer. His decision to pivot when asked about DV was a deliberate decision.  https://t.co/dMBpkOZqYE   Biden snaps ‘I know’ after Cabinet official’s reminder to let Kamala Harris speak https://t.co/nf1ro8d6AV   Politico: Walz to launch media blitz to woo male voters https://t.co/DXHC4bEEoe It’ll start with a one-on-one interview with ABC Good Morning America’s Michael Strahan, a former NFL football player, at the University of Minnesota’s football stadium, airing on Friday morning…     Walz will also appear in a round of local TV interviews in Pennsylvania, Michigan and Wisconsin — which the campaign hopes will center on high school football and hunting. In Michigan, later on Friday, Walz will headline a voter engagement event with Black men.     Then, the governor will return to Minnesota, where he’ll deliver the pep talk to Mankato West’s football team, his former football squad, ahead of their game against rivals Mankato East. And on Saturday morning, Walz will take a group of social media influencers, including veterans advocate David Boomer and a Black rodeo star Ramontay McConnell, pheasant hunting in Sleepy Eye, Minnesota…   It’s hard to believe that the party that has denigrated and hectored US men for decades is having trouble procuring their votes!   @greg_price11: Strahan: You said you think the Electoral College should be abolished. Walz: “Well it’s not the campaign’s position.”  Strahan: So that’s something you and Kamala disagree on?  Walz: “The campaign and my position is the campaign’s position.”  https://t.co/vnTEFN5Wmn   Strahan asked Tim Walz about his lying.  Walz regurgitated his bio and then bashed Trump but did NOT answer the question. https://x.com/AlphaNewsMN/status/1844821266529685556   Walz grilled by ABC host (Strahan) over Harris denying she’d do anything different than Biden Walz avoided specifics and responded by saying he and Harris share the same values as President Biden… Harris’ running mate began his answer by highlighting the differences between the Trump and Biden administrations, and noting he fits much more with the latter…     The host revised the question, asking, “So it makes me wanna ask you, do you think that Biden’s done everything right?” Walz replied by saying either way, Biden’s intentions have always been good…     Strahan also pressed Walz on Harris’ critics asking why she hadn’t implemented her economic policy proposals during the Biden-Harris administration’s first term.  Walz seemed to dodge the question, first by saying Trump failed the economy during his four years, and then adding a general response about how the Harris campaign will address the concerns of middle-class Americans with tax cuts, policies to boost homeownership.  https://www.foxnews.com/media/walz-grilled-abc-host-over-harris-denying-shed-anything-different-biden   @GrageDustin: Tim Walz is set to attend the Mankato West vs East High School football game tomorrow night here in Minnesota.  Parents are ‘pissed’ that Walz made this a campaign event because secret service will likely lock down the event just so he can attend. https://t.co/wJbcBbrkXa   Tim Walz appearance prompts protests and silent treatment at high school football game: ‘getting desperate’ https://t.co/4NWOZ8r9HK   @saras76: Totally authentic. Walz just happened to have a camera crew and staff with him while pheasant hunting, in a sad, desperate attempt to appeal to male voters. Even MSNBC called him out on it lol. https://x.com/saras76/status/1845105928955207726   Videos of Walz trying to load a shotgun went viral: https://x.com/nicksortor/status/1845210735716028486   @Tim_Walz on Friday: All Donald Trump and JD Vance know about manufacturing is how to manufacture bulls**t. (Compulsive liar Walz was mercilessly mocked for this post!)   Kamala Harris received poor marks for leadership as a lawyer in San Francisco, documents reveal Kamala Harris got poor marks for leadership in a 2002 performance review https://www.dailymail.co.uk/news/article-13947367/kamala-harris-performance-review-san-francisco-lawyer.html   The week Kamala’s campaign collapsed! MAUREEN CALLAHAN slams Harris’s humiliating media blitzkrieg that’s left top Dems terrified – and even Biden turning to stab her in the back! https://www.dailymail.co.uk/news/article-13951625/Kamala-campaign-Biden-stab-MAUREEN-CALLAHAN.html   @TVNewsNow: Trump has agreed to a Fox News town hall on Oct. 16 in Georgia – with an audience entirely comprised of women where the focus will be “issues impacting women ahead of the election.”   Media: ‘If you don’t vote for or like Harris, you are a racist or misogynous or both.’  Media pollster, ‘What is your opinion of Harris?  Who are you voting for?   @WesternLensman: Obama takes credit for the Trump economy: “Some people think, ‘I remember that economy when he first came in being pretty good.’ Yeah! It was pretty good—because it was my economy!… He didn’t do nothin’ except those big tax cuts!” https://t.co/iSfWVJLBuF   @aishahhasnie on Friday: TRUMP calls CO Gov POLIS “weak and ineffective.” He’s in Aurora announcing ‘Operation Aurora’ — a federal program to remove illegal migrant members of Venezuelan gang Tren de Aragua.   Trump slams Colorado Gov. Jared Polis over handling of migrant gangs in Aurora: ‘He’s chickens—t’ https://t.co/N88G1kZHCS   Trump in Aurora, CO: “I’m announcing today that upon taking office, we will have an operation Aurora at the federal level.  To expedite the removal of the savage gangs, I will invoke the Alien Enemies Act of 1798… to target and dismantle every migrant criminal network operating on American soil.” https://x.com/mtgreenee/status/1844891405090468280   Why did DJT hold a rally in Auroa, Colorado if he’s behind in CO by 10 to 11 in polls?  Maybe…   Trump campaign ramps up efforts to get ex-prez more security amid ongoing threats from Iran The request for the military plane… would be the first time a former president has had such an extensive security detail with them for a campaign. But the move may be necessary, as a Secret Service agent recently revealed that the agency was notified of a “possible drone strike” by Iran on Trump as early as 2023… https://trib.al/YMiid02   Politico: Iran has a hit list of former Trump aides. The U.S. is scrambling to protect them. Iran’s efforts to kill Trump and former senior officials it has blamed for the Soleimani strike are even more extensive and aggressive than previously reported, according to a dozen officials familiar with the Iranian assassination threat… (Isn’t this an act of war?  Team Obama is still coddling Iran!) https://www.politico.com/news/2024/10/11/iran-trump-assassination-plans-00183488   Security concerns over Trump are so acute that DJT will NOT golf until after the election and he is utilizing decoy planes and limos as well as splitting up his motorcades.   @bennyjohnson: Even SNL is roasting Kamala for always saying ‘I was raised in a middle class family’ https://x.com/bennyjohnson/status/1845334819997155492      You know it’s bad when SNL is openly mocking Kamala Harris and Joe Biden. https://x.com/bennyjohnson/status/1845332863652077644   DHS chief Mayorkas spends under six hours in Helene-hit NC before bolting to grab sushi at DC Nobu: ‘Complete failure’ https://trib.al/qBucXO1   Cartoon of Hillary scolding Snoopy: “I don’t understand you.  Donald Trump is destroying the whole world, and you’re dancing!”  Snoopy: “He’s only destroying YOUR world… He’s making everyone else’s better!!”  https://x.com/KarluskaP/status/1845101395285782895   CBS journalists need Race and Culture Unit approval for ‘basically every story,’ former staffer says – CBS News Race and Culture Unit ensures ‘all stories have the proper context, tone and intention,’ according to the CBS website https://www.foxnews.com/media/cbs-journalists-need-race-culture-unit-approval-basically-every-story-former-staffer-says   At a Sunday rally, Harris debuted this risible line: “Here’s the thing. It makes you wonder. It makes you wonder. Why does Trump’s staff want him to hide away? One must question. One must question. Are they afraid that people will see he is too weak and unstable to lead America?! Is that what’s going on?!” (PS – Kamala is doing that odd hand on chin pose.) https://x.com/EricLDaugh/status/1845572386780758351   Harris’s lie is overshadowed by her hypocrisy.  Everyone knows that DJT has been a multiple more visible than Harris.  More importantly, it invites discussion of Biden’s feebleness and the fact that Harris enabled it and concealed it.  Who told her to do this?  It will induce Americans to ponder her veracity and intellect.  Generally, Americans don’t like people who overtly play them for fools!  Team Obama-Harris is trying to provoke Trump into doing something just as stupid, like debating Harris!  It really is desperation time for Team Obama-Harris.   Kamala adamantly vouching for Biden’s mental acuity after Special Counsel Hur said Joe was impaired: https://x.com/mazemoore/status/1845600659342540912   @TrumpWarRoom on Sunday: KAMALA: “What we see is so hard to see that we lose faith or a vision of those things we cannot see but must know.”  https://t.co/xWFe3CEzm9   Axios: Tensions rise between Harris and Biden teams as election nears https://www.axios.com/2024/10/13/kamala-harris-biden-campaign-tension   Harris staffers blaming Biden admin for not helping her campaign: ‘They’re too much in their feelings’ https://t.co/exGxjER9sN   Trump camp rips Harris over unearthed comments on renaming Columbus Day: ‘Stereotypical leftist’ – “Count me in on support,” Harris told a voter when asked if she supports renaming Columbus Day “Indigenous People’s Day,” footage of the event shows… https://t.co/WNQbOJj3uu   “Why don’t the 99% of us who aren’t offended by everything quit catering to the 1% who are?”   @greg_price11: Kamala: “[Trump] is not being transparent… He’s refusing to release his medical records. Imagine the absolute audacity you must have to say this after spending 3.5 years insisting that Joe Biden is perfectly mentally fit to be president.  https://x.com/greg_price11/status/1845569686928490582   The regime media’s panic was palpable on Sunday talking head shows.  Dem media stooges quickly aped Team Obama-Harris’s latest desperate talking points about DJT.   @TrumpWarRoom: NBC’s Kristen Welker demands that Trump release his cholesterol levels.  The media is getting desperate.  https://x.com/TrumpWarRoom/status/1845466687547547854   Kristen Welker, upcoming presidential debate moderator, has deep Democrat ties https://nypost.com/2020/10/17/kristen-welker-next-debate-moderator-has-deep-democrat-ties/   JD Vance made a fool of ABC’s highly partisan Martha Raddatz on Sunday.   @TrumpWarRoom: Raddatz: “The incidents were limited to a handful of apartment complexes… A handful!” @JDVance: “Do you hear yourself? Only a handful of apartment complexes were taken over by Venezuelan gangs and Donald Trump is the problem and not Kamala Harris’ open border?” https://t.co/VY4Ai35YJk   @CarmineSabia: Martha Raddatz has a $2,125,000 home in Arlington. That is why she does not care about people who have to live in apartment buildings taken over by gangs… https://x.com/CarmineSabia/status/1845479604238073980   @FeserEdward: As Plato warns in the Republic, one of the characteristic marks of a democracy that is decaying into tyranny is that each faction accuses the other of being a threat to democracy and attempts to use the legal system to bring it to heel: “[Citizens] are then accused by their rivals of plotting against the people and being reactionaries and oligarchs, even though in fact they may have no revolutionary intentions… There follow impeachments and trials in which the two parties bring each other to court.”

The King Report October 15, 2024 Issue 7348

Independent View of the News

ESZs traded modestly to moderately lower from the Nikkei opening until they turned positive near 3:30 ET.  Asian traders were disappointed with the latest Chinese stimulus package.   ESZs plodded higher until they exploded higher on the NYSE opening.  ESZs eventually hit a peak of 5903.50 at 10:37 ET.  After a retreat to 5888.75 at 10:58 ET, ESZs began another rally leg that took ESZs to a daily high of 5912.25 at 14:42 ET.  After a modest retreat, the last hour rally commenced on schedule.  ESZs hit a new daily high of 5918.50 at 15:49 ET.   Fangs rallied sharply early on Monday.  Traders, operators, and even some investors pour into these stocks for expected great results.  Unfortunately, the usual suspects got too jiggy too fast for Fangs.  The NY Fang+ Index his its daily high (11955.471) at 10:00 ET.  The index then sank to a daily low of 11795.335 at 11:44 ET.  After a modest rebound, the NY Fang+ Index traded in a tight range.   Nvidia led the Fang rally but hit its peak of +3.56% at 10:37 ET.  CrowdStrike, with sank as much as 3.5%, pulled Fangs lower.  CRWD hits its high (323.94) at 9:34 ET and its low (309.60) at 12:38 ET.   Fed’s Kashkari: Neutral Rate Likely Higher Now Than Pre-Pandemic – Neutral Rate Will Rise If US Debt Continues to Rise   Fed’s Kashkari Says ‘Further Modest’ Cuts Appropriate in Coming Quarters – BBG 9:38 ET   Fed Governor Waller sees need for ‘more caution’ ahead when lowering interest rates “Whatever happens in the near term, my baseline still calls for reducing the policy rate gradually over the next year,” he said… “These revisions (Q2 GDP) suggest that the economy is much stronger than previously thought, with little indication of a major slowdown in economic activity,” Waller said. https://www.cnbc.com/2024/10/14/fed-governor-waller-sees-need-for-more-caution-ahead-when-lowering-interest-rates.html   @zerohedge: Household allocation to stocks (48%, 15% cash) is the highest since the dot com bubble burst   https://x.com/zerohedge/status/1845642401135603789   True Value files for bankruptcy after 75 years, blames weak housing market for plunging sales https://trib.al/OL33xMg   Washington Post: Israeli Prime Minister Benjamin Netanyahu has told the Biden administration he is willing to strike military rather than oil or nuclear facilities in Iran. (Oil & gasoline tumbled)   Positive aspects of previous session US stocks rallied on Monday and earnings season buying. After soaring early, the NY Fang+ Index declined sharply   Negative aspects of previous session USZs were -10/32 at the NYSE close despite the tumble in oil and industrial commodities The NY Fang+ Index sank after an early surge   Ambiguous aspects of previous session How big will the latest US equity bubble inflate?   First Hour/Last Hour Action [S&P 500 Index]: 1st Hour from NYSE Open: Up; Last Hour: Down   Pivot Point for S&P 500 Index [above/below indicates daily trend to traders]: 5853.61 Previous session S&P 500 Index High/Low: 5871.41; 5829.57   China Moves to Tax the Ultra-Rich for Overseas Investment Gains – BBG 20:07 ET   Today – Traders, operators, and investors will continue to be bullish until +/- a day near Apple’s results.  We noted years ago that trading patterns were being increasingly ingrained due to the proliferation of computerized trading and passive investing/indexing.    Historically, the biggest fear factor for bullish traders and hedge funds was when the elephants would raise cash, let alone stampede for the exits.  Indexing and passive investing greatly reduces the odds of institutional selling in the markets.  This is a major reason why valuations get stretched and remain that way for a long time.  Indexing and passive investing will persist, even proliferate, until a protracted bear market punishes those that stay ‘fully invested.’   ESZs are +2.25; NQZs are -2.50; and USZs are +13/32 at 20:42 ET.   Expected impact earnings: PNC 3.30, JNJ 2.19, BAC .76, UNH 6.99, WBA .36, GS 7.21, STT 2.12, C 1.31, JBHT 1.39, UAL 3.03   Expected econ data and events: Oct Empire Mfg. 3.6; Sept Budget $35.0B; SF Fed Pres Daly 11:30 ET, Fed Gov. Kugler 13:00 ET   S&P Index 50-day MA: 5594; 100-day MA: 5522; 150-day MA: 5403; 200-day MA: 5285 DJIA 50-day MA: 41,204; 100-day MA: 40,333; 150-day MA: 39,850; 200-day MA: 39,460 (Green is positive slope; Red is negative slope)   S&P 500 Index (5859.85 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 5434.12 triggers a sell signal Daily: Trender and MACD are positive – a close below 5737.29 triggers a sell signal Hourly: Trender and MACD are positive – a close below 5819.82 triggers a sell signal   Trump opens up largest betting lead since days after Biden’s dropout Trump opened up a 10-point lead in the Real Clear Politics betting average on Sunday… https://www.foxnews.com/politics/trump-opens-up-largest-betting-lead-since-days-after-bidens-dropout   @kylenabecker: A plagiarism scandal ended the Biden presidential run in 1987. Now one is roiling the Harris campaign… https://x.com/kylenabecker/status/1845914656315207889   Kamala Harris accused of plagiarism in co-authored 2009 book https://trib.al/qO6Uhgy   @realchrisrufo: EXCLUSIVE: Kamala Harris plagiarized at least a dozen sections of her criminal-justice book, Smart on Crime, according to a new investigation. The current vice president even lifted material from Wikipedia… https://x.com/realchrisrufo/status/1845847428207145110   @GrageDustin: J.D. Vance just grilled Kamala Harris in front of the Minneapolis third precinct. “If you want a President with their own ideas, vote for Donald Trump. If you want a President who copies their ideas from Wikipedia, vote for Kamala Harris.”  That’s going to hurt. https://x.com/GrageDustin/status/1845909333713834116   @JDVance: …I wrote my own book, unlike Kamala Harris, who copied hers from Wikipedia.   @redsteeze: Plagiarism used to completely derail presidential campaigns and result in being fired from prestigious jobs in media and academia.  But journalists stopped doing their jobs and just find the people doing it now to be icky, so they protect their professors and chosen candidates instead.   GOP Rep. @RepDLesko: Did you know Columbus Day was founded by Republican President Benjamin Harrison in response to a horrific attack that claimed the lives of 11 Italian-American immigrants? Happy Columbus Day and happy Italian American Heritage Day Arizona!   @LegInsurrection: Biden: “Today, we celebrate the proud heritage of Italian Americans in our Nation, whose contributions and character have shaped our country’s soul,”… https://legalinsurrection.com/2024/10/biden-honors-christopher-columbus-italian-americans/   Woke NY House members, including AOC, Jamaal Bowman, accused of spreading ‘hate’ by pushing to scrap Columbus Day https://trib.al/iEHsisL   Desperately needing male and working-class voters, Kamala Harris went totally woke on Columbus and European explorers – on Columbus Day.    @EndWokeness: Kamala Harris on Columbus Day: “As we speak truth about our nation’s history… European explorers ushered in a wave of devastation for tribal nations, perpetrating violence, stealing land, and spreading disease… We must not shy away from this shameful past…“ https://x.com/EndWokeness/status/1845805483539472438   Critics chided Harris for the wave of destruction and disease spreading by the illegal immigrant invasion.   Babylon Bee: Kamala Courts Indigenous Voters by Telling Crowd She Grew Up in a Middle-Class Teepee   Dem Gov of Michigan @GovWhitmer: On Indigenous Peoples’ Day, we celebrate the people, cultures, and traditions of indigenous communities and recommit ourselves to uplifting Native Michiganders. We’ll keep working together with Tribal Nations to build a brighter future for indigenous peoples here in Michigan.  https://x.com/GovWhitmer/status/1845803101866893717   ‘Rosary Rally’ held outside Gov. Whitmer’s house over her viral skit allegedly mocking Communion  https://justthenews.com/government/local/rosary-rally-held-outside-gov-whitmers-house-over-her-viral-skit-allegedly-mocking   @CollinRugg: Kamala Harris gives an astrology lesson during an interview with show host Roland S. Martin in North Carolina… “You know, there’s this whole, I, I talked with somebody once who said, you know, if you just look at where the, the, the stars are in the sky. Don’t look ’em as just random things. If you just look at ’em as points, look at the constellation. What does it show you? So you just outlined it, Roland, what does it show you?”  https://x.com/CollinRugg/status/1845838893192499329   Kamala delivers new baffling word salad involving constellations and crime, gets dubbed ‘Galileo Harris’ https://trib.al/QFW34Kd   The political research has been clear for decades: Most Americans favor a political candidate that clearly defines their problems and articulates reasonable solutions to their problems.  Woke stuff and constellations do NOT articulate ways and means to solve Americans’ pressing issues.   Time: Harris declined repeated requests for an interview for this story. In contrast, Trump talked about his policy vision with a TIME reporter for 90 minutes across two interviews. Biden spoke to TIME at similar length before dropping out of the race… https://time.com/7081350/kamala-harris-presidential-platform-policies/   Tim Walz’s teacher wife Gwen is slammed for talking to voters like children after giving Americans patronizing ‘assignment’ https://trib.al/Ufe0zO5   @DC_Draino: Kamala is so desperate she’s agreed to an interview with Fox News. Bret Baier is hosting.  Will he actually hold her accountable and restore his credibility? Or will he give her the “Arizona goes for Biden before Florida goes for Trump” fluff treatment?  https://x.com/DC_Draino/status/1845868701930717196   @RubinReport: @BretBaier should tell audience beforehand if there will be any editing, any questions in advance, any content control, or any other requests by Kamala’s handlers…   Trump fans believe Baier is virulently anti-Trump.  Team Obama-Harris seemingly agrees with this.  Suspicion is high that Fox acceded to Team Obama-Harris demands because the interview will be taped and presented later.  A non-live interview can be…   @realDonaldTrump: Lyin’ Kamala Harris has wisely chosen Bret Baier, of Fox News, to do a much needed interview, because he is considered to be “Fair & Balanced,” though often very soft to those on the “cocktail circuit” Left. I would have preferred seeing a more hard-hitting journalist, but Fox has grown so weak and soft on the Democrats, constantly polluting the airwaves with unopposed Kamala Representatives, that it all doesn’t matter anymore. Hopefully, the people will understand on November 5th, and Early Voting. MAKE AMERICA GREAT AGAIN!      How much time does Ian Sams, Senior Advisor to Lyin’ Kamala Harris, spend on FoxNews? He’s now on Cavuto, Fox’s Lowest Rated Show, by far, and spent much of the weekend hitting “TRUMP,” totally unopposed, before two real “beauties,” Eric Shawn and Arthel Neville – Not exactly the next Walter Cronkite of the Broadcasting World! Sams is just a below average guy, with memorized FAKE NEWS soundbites, almost all of which are WRONG, but coupled with all of the other Harris Radical Left Democrat mouthpieces that Fox puts on (Richard Fowler, Patrick Murphy, “something” Wolf, Jessica Tarloff?), it has a very negative effect on the Election. Think of it, I spend an hour with the wonderful Maria Bartiromo, do a beautiful job, and then am followed up all day long by one-sided, negative Democrats, including Ian Sams, who virtually owns the Network. It’s not worthwhile doing Interviews on Fox, because it all just averages out into NOTHING. FoxNews has totally lost its way!   Harris campaign rolls out new push to shore up Black men (SCOTUS says no race-specific benefits) https://www.politico.com/news/2024/10/14/harris-black-men-policies-obama-00183573   Harris proposes 1 million forgivable loans to Black entrepreneurs, as Trump makes inroads Vice President Kamala Harris unveiled an “Opportunity Agenda” plan for Black men, which includes a proposal of forgivable loans of up to $20,000 to Black entrepreneurs… (This is patently illegal!) https://www.cnbc.com/2024/10/14/harris-forgivable-loans-legal-marijuana-trump-black-voters.html   In outreach to Black men, Harris to vow to legalize weed, protect crypto https://www.npr.org/2024/10/13/nx-s1-5151968/harris-weed-crypto   @WatcherGuru: Kamala Harris’s campaign says she will ensure crypto investors “benefit from a regulatory framework so that Black men and others…in this market are protected.“   Kamala’s odious pandering to black men is likely to produce an even bigger backlash than Obama’s hectoring of black men to vote for Kamala.  Ya think crypto is a big issue for black men?   Bill Clinton, campaigning for Harris on Monday admitted Laken Riley would NOT have been killed if illegal immigration were properly vetted.  Team DJT jumped on the admission and thanked Bill for impugning Harris.  PS – Bill Clinton looks feebler and sicklier than Biden!  https://x.com/TrumpWarRoom/status/1845868462796603583   Slick also advocated for ‘The Great Replacement Theory’, averring the Americans aren’t producing enough babies, so immigrants are needed to do jobs.  Critics slammed Slick for the hypocrisy of complaining about the low US birth rate while advocating for unfettered abortion.   Former President Bill Clinton was mistaken for Joe Biden at a McDonald’s in Georgia. https://trib.al/9rXWlnB   Biden warned Iran that killing Trump would be an act of war: report https://trib.al/XVvEHXg (What took so long?!)   @EricLDaugh: CNN ANALYST: The average when the GOP loses is a Democratic advantage of 8 points. When the GOP wins, it’s D+3. Today, it’s *R+1*. Republicans are doing even better than the average of when they win.  https://x.com/EricLDaugh/status/1845980568137117962

GREG HUNTER INTERVIEWING DR PETER MCCULLOUGH

New Fear Campaign for Bird Flu Vax – Dr. Peter McCullough

By Greg Hunter On October 13, 2024 In News8 Comments

By Greg Hunter’s USAWatchdog.com (Saturday Night Post)

Dr. Peter McCullough is a renowned cardiologist who has been fighting the government CV19 vax propaganda from the beginning.  Dr. McCullough is on record saying “The CV19 vaccine did not help a single person.”  Now, Dr. McCullough is fighting a new false government narrative on the Bird Flu.  They just held the “International Bird Flu Summit” near Washington D.C in early October.  At the same time, they were holding a Bird Flu summit in Arkansas for veterinarians.  So, the evidence says, they are planning on a new pandemic.  Dr. McCullough, who monitored both summits, says, “This is what we learned.  Bird Flu is spreading around because it actually came out of a lab.  It came out of the USAD research lab in Athens Georgia. . . . Bird Flu has been around for a hundred years, and the current version is very mild.  There have been just over 10,000 animal deaths, yet, they have intentionally culled or killed tens of millions of healthy chickens.”

Dr. McCullough goes on to say, “We have never had a human Bird Flu death in the United States. . . . Bird Flu looks like it’s coming out of research labs.  It’s ‘gain of function’ research.  The Biden Administration has put out legislation in May of 2024 enabling this.  It’s called ‘Dual Purpose Research.’  They create a virus to get people sick, and then they can try to create a vaccine.  This is all about ginning up fear for more public mass vaccination. . . . I am fearful of a campaign, whether it be Monkey Pox, Bird Flu, Marburg or disease X, that actually does have people take another wave of genetic messenger RNA vaccines. . . . We have seen more damage from the Covid vaccines than the illness itself. . . .The Biden Administration just gave money to Moderna to make a Bird Flu messenger RNA vaccine.  I can tell you it does not look safe, and none of these genetic vaccines look safe.”

Dr. McCullough warns, “No one should consider taking a Bird Flu Vaccine. . . . More people died in the vaccine group than in the placebo group.  No one should consider this.  We have simple drugs that can handle this . . . such as antivirals, Hydroxychloroquine will cover Bird Flu, and we use iodine nasal sprays and drops.  The bottom line is nobody should risk a vaccine.”

In closing, Dr. McCullough says, “This is a new authoritarian approach, and the new message now, which was all over media in the last few days, is ‘misinformation.’  Don’t trust anybody but the government.  Everybody else is spreading ‘misinformation.’  ‘Misinformation is a classic propaganda tool by The Third Reich.  No government official should be using the term ‘misinformation.’”

There is much more in the 28-minute interview.

Join Greg Hunter of USAWatchdog.com as he interviews top cardiologist Dr. Peter McCullough, who is Chief Science Officer of  The Wellness Company, as he warns against getting a deadly Bird Flu vaccine for 10.12.24.

(To Donate to USAWatchdog.com, click here)

New Fear Campaign for Bird Flu Vax – Dr. Peter McCullough

After the Interview:

To find out more about The Wellness Company, click here.

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SEE YOU ON WEDNESDAY