GOLD PRICE CLOSED UP $9.30 TO $2724.10

SILVER PRICE UP $0.83 TO $33.88

Gold ACCESS CLOSED $2720.05

Silver ACCESS CLOSED: $33.83

Bitcoin morning price:$68,406 down 320 DOLLARS.

Bitcoin: afternoon price: $67,516 DOWN 1210 DOLLARS

Platinum price closing DOWN $7,15 TO $1007.15

Palladium price; DOWN 21.60 TO $1059.00

END

*CANADIAN GOLD: $3763.21 UP 7.55 CDN dollars per oz( * NEW ALL TIME HIGH 3,763..21 CDN DOLLARS PER OZ//OCT 21 2024)

*BRITISH GOLD: 2094.91 UP 10.62 Pounds per oz// *(NEW ALL TIME HIGH//CLOSING///2094.91 BRITISH POUNDS/OZ) OCT 21/2024

*EURO GOLD: 2,514.84 UP 10.90 Euros per oz //* (ALL TIME CLOSING HIGH: 2.514.84 EUROS PER OZ//OCT 21 //.2024)

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EXCHANGE

EXCHANGE: COMEX
CONTRACT: OCTOBER 2024 COMEX 100 GOLD FUTURES
SETTLEMENT: 2,713.700000000 USD
INTENT DATE: 10/18/2024 DELIVERY DATE: 10/22/2024
FIRM ORG FIRM NAME ISSUED STOPPED

---

523 C INTERACTIVE BRO 2
657 C MORGAN STANLEY 25
737 C ADVANTAGE 1 3
905 C ADM 3
991 H CME 18

---

TOTAL: 26 26
MONTH TO DATE: 12,500

---

JPMorgan stopped 0/26

GOLD: NUMBER OF NOTICES FILED FOR OCT/2024. CONTRACT: 26 NOTICES FOR 2600 OZ  or  0.0808 TONNES

total notices so far: 12,500 contracts for 1,250,000 Oz (38.880 tonnes)

FOR  OCT

SILVER NOTICES:29 NOTICE(S) FILED FOR 145,000 OZ/

total number of notices filed so far this month : 1356 for 6.750 million oz

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GLD/

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

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

WITH GOLD UP $9.30 INVESTORS SWITCHING TO SPROTT PHYSICAL  (PHYS) INSTEAD OF THE FRAUDULENT GLD: HUGE CHANGES IN GOLD INVENTORY AT THE GLD: A DEPOSIT OF 4.40 TONNES OF GOLD INTO THE GLD..

/ /INVENTORY RESTS AT 888.63 TONNES

INVENTORY RESTS AT 888.63 TONNES

SLV/

WITH NO SILVER AROUND AND SILVER UP $0.83 AT THE SLV

HUGE CHANGES IN SILVER INVENTORY INTO THE SLV: A DEPOSIT OF 1.277 MILLION OZ OF F SILVER INTO THE SLV

INVESTORS ARE SWITCHING SLV TO SPROTT’S PSLV.

CLOSING INVENTORY: 474.760 MILLION OZ

Let us have a look at the data for today

SILVER//OUTLINE

SILVER COMEX OI ROSE BY A HUMONGOUS SIZED 9490 CONTRACTS TO 151,070 AND CONTINUING ON ITS MARCH TO THE RECORD HIGH OI OF 244,710, SET FEB 25/2020, AND THIS STRONG LOSS IN COMEX OI WAS ACCOMPLISHED WITH OUR HUGE GAIN OF $1.46 IN SILVER PRICING AT THE COMEX ON FRIDAY’S TRADING. WE HAD A HUMONGOUS GAIN OF 11,289 TOTAL CONTRACTS ON OUR TWO EXCHANGES WITH THE GAIN OF $1.46  IN PRICE. WE HAD SMALL LIQUIDATION OF T.A.S. CONTRACTS ON FRIDAY DESPERATELY TRYING TO CONTAIN SILVER’S PRICE RISE.. //. WE HAD ZERO SHORT COVERING BY OUR SPECS DURING THE COMEX TIME ZONE..  WE HAD A HUGE 1799 CONTRACT EXCHANGE FOR PHYSICAL ISSUANCE ACCOMPANIED BY A HUGE 1044 CONTRACT T.A.S ISSUANCE WHICH WILL BEING USED IN FUTURE TRADING. IN ESSENCE WE GAINED A HUGE 10,304 CONTRACTS ON OUR TWO EXCHANGES WITH OUR GAIN IN PRICE

PLEASE NOTE THAT THE CROOKS NEED A HIGHER SILVER/GOLD T.A.S. TO CARRY ON THEIR CROOKED MANIPULATION ON A DAILY BASIS BUT DEMAND IS JUST TOO HIGH FOR THEM. THE HIGHER ISSUANCE OF T.A.S. IS NOW USED TO TEMPER OUR SILVER/GOLD PRICE RISE OR RAID AS WHAT HAPPENED SEVERAL TIMES LAST MONTH AND AGAIN ON 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 1044 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 $1.46) AND WERE UNSUCCESSFUL IN KNOCKING ANY NET SILVER LONGS FROM THEIR PERCH AS WE HAD A HUMONGOUS GAIN OF 11,289 TOTAL OI CONTRACTS ON OUR TWO EXCHANGES

WE HAD A HUGE 1799 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 145,000 OZ QUEUE JUMP+ .195 MILLION OZ ISSUANCE OF EXCHANGE FOR RISK PRIOR//NEW TOTAL 6.955 MILLION OZ

//NEW STANDING FOR SILVER//OCT AT 6.955 MILLION OZ

WE HAD:

/ HUGE SIZED COMEX OI LOSS//HUGE SIZED EFP ISSUANCE/ VI)  HUGE SIZED NUMBER OF  T.A.S. CONTRACT ISSUANCE 1044 CONTRACTS)/PLUS THAT STUPID ISSUANCE OF .195 MILLION OZ OF EXCHANGE FOR RISK THURSDAY

 I AM NOW RECORDING THE DIFFERENTIAL IN OI FROM PRELIMINARY TO FINAL ADDED A HUMONGOUS 985 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 14 DAYS, total 9930 contracts:   OR 49.650 MILLION OZ  (709 CONTRACTS PER DAY)

TOTAL EFP’S FOR THE MONTH SO FAR:  49.650 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; 49.650 MILLION OZ (WILL BE SMALLER ISSUANCE THIS MONTH)

RESULT: WE HAD A HUGE SIZED INCREASE IN COMEX OI SILVER COMEX CONTRACTS OF 9590  CONTRACTS WITH OUR $1.46 GAIN IN PRICE OF SILVER PRICING AT THE COMEX//FRIDAY.,.  THE CME NOTIFIED US THAT WE HAD A HUGE EFP ISSUANCE  CONTRACTS: 1799 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 145,000 OZ TO WHICH WE ADD .195 MILLION OZ OF EXCHANGE FOR RISK ISSUANCE/PRIOR

//NEW TOTAL STANDING FOR OCT AT 6.955 MILLION OZ 

WE HAVE A HUMONGOUS GAIN OF 11,289 OI CONTRACTS ON THE TWO EXCHANGES WITH OUR GAIN IN PRICE…..THE TOTAL OF TAS INITIATED CONTRACTS TODAY: A HUGE SIZED 1044 CONTRACTS (USED FOR MONDAY’S TRADING),//HUGE FRONT END OF THE TAS CONTRACTS WERE LIQUIDATED DURING THE FRIDAY COMEX SESSION, TRYING TO CONTAIN SILVER’S PRICE RISE.

/ ZERO SHORT COVERING FROM OUR SPEC SHORTS DESPITE THE GAIN IN PRICE FRIDAY/ . 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   (1044) WILL BE PUT INTO “THE BANK” TO BE COLLUSIVELY USED AT A LATER DATE AND LATELY ON A DAILY BASIS INCLUDING TODAY.

WE HAD 29 NOTICE(S) FILED TODAY FOR 145,000 OZ

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

GOLD//OUTLINE

IN GOLD, THE COMEX OPEN INTEREST ROSE BY A VERY STRONG SIZED 8956 OI CONTRACTS  TO 570,749 AND CLOSER TO THE RECORD (SET JAN 24/2020) AT 799,733  AND  PREVIOUS TO THAT: (SET JAN 6/2020) AT 797,110, BUT WE ARE NOW MUCH FURTHER FROM OUR ALL TIME LOW OF 390,000 CONTRACTS.

THE DIFFERENTIAL FROM PRELIMINARY OI TO FINAL OI IN GOLD TODAY: REMOVED A HUGE 4034 CONTRACTS//

WE HAD A VERY STRONG SIZED INCREASE  IN COMEX OI (12,990 CONTRACTS) OCCURRED WITH OUR GAIN OF $22.30 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 800 OZ QUEUE JUMP

NEW STANDING ADVANCES TO  39.029 TONNES+ + 20.917 TONNES EXCHANGE FOR RISK/PRIOR// = 59.940 TONNES

/ ALL OF THIS HAPPENED WITH OUR $22.30 GAIN IN PRICE  WITH RESPECT TO FRIDAY’S COMEX TRADING///. WE HAD A HUGE SIZED GAIN OF 12,415 OI CONTRACTS (38.62 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, AND THROUGHOUT THIS WEEK WITH MAJOR TENDERING FOR PHYSICAL VIA THE EXCHANGE FOR PHYSICAL ROUTE! YOU CAN VISUALIZE THIS WITH THE DAILY QUEUE JUMPING WE ARE WITNESSING.

E.F.P. ISSUANCE

THE CME RELEASED THE DATA FOR EFP ISSUANCE AND IT TOTALED A STRONG SIZED 3459 CONTRACTS:

The NEW COMEX OI FOR THE GOLD COMPLEX RESTS AT 566,714

IN ESSENCE WE HAVE A HUGE SIZED INCREASE IN TOTAL CONTRACTS ON THE TWO EXCHANGES OF 12,415 CONTRACTS  WITH 8956 CONTRACTS INCREASED AT THE COMEX// AND A STRONG SIZED 3459 EFP OI CONTRACTS WHICH NAVIGATED OVER TO LONDON. THUS TOTAL OI GAIN ON THE TWO EXCHANGES OF 12,415 CONTRACTS.. WE HAD THE FOLLOWING TAS CONTRACTS INITIATED (ISSUED): A SMALL SIZED 839 CONTRACTS, WE HAD ZERO LIQUIDATION OF T.A.S CONTRACTS WITH OUR GAIN IN PRICE FRIDAY.

CALCULATIONS ON GAIN/LOSS ON OUR TWO EXCHANGES

WE HAD A STRONG SIZED ISSUANCE IN EXCHANGE FOR PHYSICALS (3459 CONTRACTS) ACCOMPANYING THE HUGE SIZED INCREASE IN COMEX OI OF 8956 CONTRACTS/TOTAL GAIN FOR OUR THE TWO EXCHANGES: 12,415 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 800 OZ QUEUE JUMP + 20.9188 ISSUANCE OF EXCHANGE FOR RISK/PRIOR.

//NEW STANDING ADVANCES TO TO: /OCT 39.029 TONNES.  + 20.917 EX, FOR RISK/PRIOR = 59.946 TONNES

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

  4)  VERY STRONG SIZED COMEX OPEN INTEREST INCREASE 5)  STRONG ISSUANCE OF EXCHANGE FOR PHYSICAL PAPER///SMALL T.A.S.  ISSUANCE: 839 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: 49,473 CONTRACTS OF 4,947,300 OZ OR 153.88 TONNES IN 14 TRADING DAY(S) AND THUS AVERAGING: 3533 EFP CONTRACTS PER TRADING DAY

TO GIVE YOU AN IDEA AS TO THE  SIZE OF THESE EFP TRANSFERS :  THIS MONTH IN 14 TRADING DAY(S) IN  TONNES  153.88 TONNES

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

THUS EFP TRANSFERS REPRESENTS  153.88 DIVIDED BY 3550 x 100% TONNES = 4.33% 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. 153.88 TONNES (THIS WILL BE A WEAKER ISSUANCE THIS MONTH)

SPREADING OPERATIONS

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

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

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

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

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

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

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

1.TODAY WE HAD THE OPEN INTEREST AT THE COMEX IN SILVER ROSE BY A HUMONGOUS SIZED 9490 CONTRACTS OI  TO 150,085 AND CLOSER TO THE COMEX HIGH RECORD //244,710( SET FEB 25/2020).  THE LAST RECORDS WERE SET  IN AUG.2018 AT 244,196 WITH A SILVER PRICE OF $14.78/(AUGUST 22/2018)..THE PREVIOUS RECORD TO THAT WAS SET ON APRIL 9/2018 AT 243,411 OPEN INTEREST CONTRACTS WITH THE SILVER PRICE AT THAT DAY: $16.53). AND PREVIOUS TO THAT, THE RECORD  WAS ESTABLISHED AT: 234,787 CONTRACTS, SET ON APRIL 21.2017 OVER  6 YEARS AGO.  HOWEVER WE HAVE NOW SET A NEW RECORD LOW OF 114,102 CONTRACTS JULY 3.2023

EFP ISSUANCE 1799 CONTRACTS

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

DEC 1799 and ALL OTHER MONTHS: ZERO. TOTAL EFP ISSUANCE: 1799 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 9490   CONTRACTS AND ADD TO THE 1799 E.FP. ISSUED

WE OBTAIN A HUMONGOUS SIZED GAIN OF OPEN INTEREST CONTRACTS FROM OUR TWO EXCHANGES OF 11,289 CONTRACTS

THUS IN OUNCES, THE GAIN ON THE TWO EXCHANGES  TOTALS 51.520 MILLION OZ OCCURRED DESPITE OUR  $1.46 GAIN  IN PRICE  

OUTLINE FOR TODAY’S COMMENTARY

1a/COMEX GOLD AND SILVER REPORT

(report Harvey)

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

(Peter Schiff)

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

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

b. Other gold/silver commentaries

c. Commodity commentaries//

d)/CRYPTOCURRENCIES/BITCOIN ETC

2.ASIAN AFFAIRS//

MONDAY MORNING SUNDAY  NIGHT

ASIA TRADING/MONDAY MORNING/SUNDAY  NIGHT

SHANGHAI CLOSED UP 6.55 PTS OR 0.20%

//Hang Seng CLOSED DOWN 325.65 PTS OR 1.57%

// Nikkei CLOSED DOWN 27.15 PTS OR 0.07%//Australia’s all ordinaries CLOSED UP 0.62%///Chinese yuan (ONSHORE) CLOSED DOWN TO 7.1130 CHINESE YUAN OFFSHORE CLOSED DOWN TO 7.1243// Oil UP TO 70.83 dollars per barrel for WTI and BRENT UP AT 74.44 Stocks in Europe OPENED ALL RED

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 ROSE BY A VERY STRONG SIZED 8956 CONTRACTS TO 566,714 WITH OUR STRONG  GAIN IN PRICE OF $22.30 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 STRONG NUMBER OF EXCHANGE FOR PHYSICAL ISSUED (3459). AND THINGS MUST BE DESPERATE AS FIRSTLY 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! WELL, ON THURSDAY WE RECEIVED NOTICE OF A SECOND ISSUANCE OF EXCHANGE FOR RISK, AT 239 NOTICES OR 23,900 OZ (.7433 TONNES). LAST NIGHT ZERO EXCHANGE FOR RISK WAS ISSUED. THE LIQUIDATION OF T.A.S. CONTRACTS THROUGHOUT THIS MONTH CONTINUES TO DISTORT OPEN INTEREST NUMBERS GREATLY AND IT SURELY WAS ON DISPLAY THIS ENTIRE WEEK

THE FED IS THE MAJOR SHORT OF AROUND 157+ TONNES OF GOLD OWING TO THE B.I.S. THE FED NEEDS TO COVER AS THEY ARE VERY WORRIED ABOUT WHAT IS GOING TO HAPPEN TO GOLD PRICES ONCE THE BRICS BEGIN THEIR INITIATIVE AND ABANDON THE US DOLLAR. THIS IS SCHEDULED TO HAPPEN LATE OCT 22 -24 2024/. THE FOUR OR FIVE BANKS ARE ALSO WORRIED ABOUT THEIR HUGE PRECIOUS METAL DERIVATIVE EXPOSURE (NORTH OF ONE TRILLION DOLLARS) AND THIS IS PROBABLY THE MAJOR REASON FOR GOLD/SILVER’S RISE. THESE PAST TWO MONTHS. THEY ARE TOTALLY TRAPPED. THUS THE REASON FOR THE CONTINUAL RAIDING OF OUR PHYSICAL ANCIENT METAL OF KINGS AND THEIR FAILURE TO STOP CENTRAL BANK PURCHASES OF PHYSICAL GOLD IS THE MAJOR ISSUE OF THE DAY! THIS WEEK HAS BEEN A STELLAR WEEK FOR GOLD PRICE INCREASES.

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 THROUGHOUT LAST WEEK’S GAIN IN PRICE BUT AGAIN WITH THIS WEEKS TRADING, WITH 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 BOLTING AHEAD OF ORDINARY LONGS AS THEIR NEED FOR PHYSICAL IS GREAT AS THEY SCOUR THE PLANET LOOKING FOR GOLD

EXCHANGE FOR PHYSICAL ISSUANCE

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

THAT IS A STRONG SIZED 3459 EFP CONTRACTS WERE ISSUED: :  /DEC  3459 & ZERO FOR ALL OTHER MONTHS:

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

ON A NET BASIS IN OPEN INTEREST WE GAINED THE FOLLOWING TODAY ON OUR TWO EXCHANGES: A HUGE SIZED TOTAL OF 12,415 CONTRACTS IN THAT 3459 CONTRACT LONGS WERE TRANSFERRED AS EXCHANGE FOR PHYSICALS TO LONDON AND WE HAD A VERY STRONG GAIN OF 8956 COMEX  CONTRACTS..AND THIS HUGE GAIN  ON OUR TWO EXCHANGES HAPPENED WITH OUR STRONG ADVANCE IN PRICE OF $22.30 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 SMALL SIZED 839 CONTRACTS,  WAS USED TO REPLENISH SUPPLIES.. ALMOST ALL OF THE TRADING AND SUPPLY OF CONTRACTS  WAS ORCHESTRATED BY GOVERNMENT (FEDERAL RESERVE BANK OF NEW YORK)

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

// WE HAVE A STRONG AMOUNT OF GOLD TONNAGE STANDING:   OCT (59.946 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 39.029 TONNES + + 20.917 TONNES EXCHANGE FOR RISK PRIOR =59.946 TONNES

THE SPECS/HFT WERE  UNSUCCESSFUL IN LOWERING GOLD’S PRICE( IT ROSE BY  $22.30/)//AND WERE UNSUCCESSFUL IN KNOCKING OFF ANY NET SPECULATOR LONGS AS WE DID HAVE A HUGE SIZED GAIN IN OUR TWO EXCHANGES. WE DID HAVE CONSIDERABLE T.A.S. SPREADER LIQUIDATION FRIDAY BUT TO NO AVAIL.IN STOPPING GOLD’S ADVANCE. CENTRAL BANK LONGS, SEIZING THE MOMENT, EXERCISED FOR PHYSICAL IN A BIG WAY TENDERING FOR PHYSICAL THURSDAY EVENING.

WE HAVE GAINED A TOTAL OF 51.163 PAPER TONNES FROM OUR TWO EXCHANGES, ACCOMPANYING OUR INITIAL  GOLD TONNAGE STANDING FOR OCT (33.651TONNES) ON FIRST DAY NOTICE FOLLOWED BY TODAY’S 800 OZ QUEUE JUMP PLUS + 20.917 TONNES OF EXCHANGE FOR RISK//PRIOR

//NEW STANDING FOR OCT 39.029 TONNES.+ + 20.917 TONNES (EXCHANGE FOR RISK

NEW STANDING FOR OCT 39.029 TONNES  + 20.917 TONNES EXCHANGE FOR RISK/PRIOR= 59.946 TONNES

ALL OF THIS WAS ACCOMPLISHED WITH OUR STRONG  GAIN IN PRICE  TO THE TUNE OF $22.30

WE HAD 4034 CONTRACTS REMOVED  FROM THE  COMEX TRADES TO OPEN INTEREST (CROOKS)//PRELIMINARY TO FINAL.

NET GAIN ON THE TWO EXCHANGES 12,415 CONTRACTS OR 1,241,500 OZ (38L62 TONNES)

confirmed volume FRIDAY 195,121 contracts fair

//speculators have left the gold arena

END

OCT 21  OCT  GOLD CONTRACT

/ /// THE OCT 2024 GOLD CONTRACT

Gold	Ounces
Withdrawals from Dealers Inventory in oz	nil
Withdrawals from Customer Inventory in oz	64.30 OZ 2 KILOBARS BRINKS           .
Deposit to the Dealer Inventory in oz	NIL
Deposits to the Customer Inventory, in oz
No of oz served (contracts) today	26 notice(s) 2600 OZ 0.0808 TONNES
No of oz to be served (notices)	48 contracts    4800 OZ 0.1493 TONNES
Total monthly oz gold served (contracts) so far this month	12,500 notices 1,247,400oz 38.880 TONNES
Total accumulative withdrawals of gold from the Dealers inventory this month	NIL oz
Total accumulative withdrawal of gold from the Customer inventory this month	x

dealer deposits:0

total dealer deposits:  nil oz

we have 0 customer deposits

total deposits nil oz 

withdrawals: 1

i) Out of Brinks: 64.30 oz (2 kilobars)

TOTAL WITHDRAWALS: 64.30 oz

adjustments: 0

CALCULATIONS FOR THE AMOUNT OF GOLD STANDING FOR OCT.

For the front month of OCT: we have an oi of 74 contracts having LOST 1 contract

We had 9 contracts filed on FRIDAY so we GAINED 8 contracts on our two exchanges or 8 CONTRACTS underwent a 800 oz queue jump. This is central bank action grabbing all the physical they can.

NOVEMBER LOST 8 CONTRACTS TO STAND AT 1438

DECEMBER, THE BIGGEST DELIVERY MONTH GAINED 3076 CONTRACTS TO 451,975

We had 26 contracts filed for today representing 2600 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 0 notices issued from their client or customer account. The total of all issuance by all participants equate to 26 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 (12,500 x 100 oz ) to which we add the difference between the open interest for the front month of  OCT(74 CONTRACTS)  minus the number of notices served upon today  (26 x 100 oz per contract( equals  1,254,800 OZ  OR 39.029 TONNES. TO WHICH WE ADD THAT STUPID 20.917 TONNES OF EXCHANGE FOR RISK PRIOR, NEW TOTAL = 59.946 TONNES

thus the INITIAL standings for gold for the OCTOBER contract month:  No of notices filed so far (12,500 x 100 oz +we add the difference for front month of OCT  (74 OI} minus the number of notices served upon today (26 x 100 oz which equals  1,254,000 oz (39.029 TONNES)  + 20.917 EX. FOR RISK DELIVERY /PRIOR = 59.946 TONNES

TOTAL COMEX GOLD STANDING FOR OCT.: 59.946 TONNES WHICH IS HUGE FOR THIS  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: 1,685493.128  oz 52.43 tonnes

TOTAL OF ALL GOLD ELIGIBLE AND REGISTERED GOLD:  16,992,783.935 OZ  

TOTAL REGISTERED GOLD 7,821,280.858/// 242.99tonnes). 

TOTAL OF ALL ELIGIBLE GOLD: 9,180,503.077OZ  

REGISTERED GOLD THAT CAN BE SERVED UPON: 6,126,789 oz (REG GOLD- PLEDGED GOLD)= 190.57 tonnes //

END

SILVER/COMEX

OCT 21 2024

INITIAL

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

Silver	Ounces
Withdrawals from Dealers Inventory	NIL oz
Withdrawals from Customer Inventory	1,284,243.870 oz Brinks JPMorgan .
Deposits to the Dealer Inventory	nil oz
Deposits to the Customer Inventory	1,314,839.670 oz Brinks
No of oz served today (contracts)	29 CONTRACT(S)    (145,000 OZ)
No of oz to be served (notices)	2 contracts  (10,000oz)
Total monthly oz silver served (contracts)	1350Contracts  (6.750 MILLION oz)
Total accumulative withdrawal of silver from the Dealers inventory this month	NIL oz
Total accumulative withdrawal of silver from the Customer inventory this month

i)  0 dealer  deposit/

total dealer deposit : NIL oz

i) We had  0 dealer withdrawal

total dealer withdrawals: 0 oz

We had  1 customer deposits

i) Into ASAHI: 593,065.900 oz

total customer deposits 593,065.900 oz

We had 1 withdrawals

i) out of Delaware 994.13 oz

total withdrawal 994.13 oz

JPMorgan has a total silver weight: 134.996million oz/306.501million  or 44.11%

adjustment 0

TOTAL REGISTERED SILVER: 69.137MILLION OZ//.TOTAL REG + ELIGIBLE. 306.501million oz

CALCULATIONS FOR THE NEW STANDING FOR SILVER FOR OCT

silver open interest data:

FRONT MONTH OF OCT /2024 OI: 31 OPEN INTEREST FOR A GAIN OF 21 CONTRACTS

WE HAD 8 CONTRACTS SERVED ON FRIDAY SO WE GAINED 29 CONTRACTS OR WE ENTERTAINED A 145,000 OZ QUEUE JUMP

NOVEMBER SAW A LOSS OF 9 CONTRACTS TO STAND AT 781

DECEMBER SAW A GAIN OF 8658 CONTRACTS UP TO 125,651 CONTRACTS

.

TOTAL NUMBER OF NOTICES FILED FOR TODAY: 29 for 145,000 oz

CONFIRMED volume; ON THURSDAY 110.939 huge

To calculate the number of silver ounces that will stand for delivery in OCT we take the total number of notices filed for the month so far at 1350x 5,000 oz = 6.750 MILLION oz 

to which we add the difference between the open interest for the front month of OCT (31) and the number of notices served upon today (29)x (5000 oz) to which we add 195,000 oz of exchange for risk/PRIOR equals the number of ounces standing.

Thus the  standings for silver for the OCT2024 contract month:  1350 Notices served so far) x 5000 oz + OI for the front month of OCT(31) number of notices served upon today minus (29)x 5000 oz of silver standing for the OCT contract month + .195 million oz ex. for risk/PRIOR equates to 6.955 MILLION OZ. 

 New total standing: 6.955 million oz.

the comex must be now chaotic as we received notice of exchange for risk for both gold and silver.

There are 69.742 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 21 WITH GOLD UP $9.30 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD: A DEPOSIT OF 1.277 TONNES // // . // .///INVENTORY RESTS AT 888.63 TONNES

OCT 18 WITH GOLD UP $22.30 ON THE DAY; NO CHANGES IN GOLD AT THE GLD // // . // .///INVENTORY RESTS AT 884.59 TONNES

OCT 17 WITH GOLD UP $17.30 ON THE DAY; NO CHANGES IN GOLD AT THE GLD // // . // .///INVENTORY RESTS AT 884.59 TONNES

OCT 16 WITH GOLD UP $13.60 ON THE DAY; HUGE CHANGES IN GOLD AT THE GLD //A MONSTER DEPOSIT OF 4.02 TONNES OF GOLD INTO THE GLD.; // . // .///INVENTORY RESTS AT 884.59 TONNES

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: 888.63 TONNES, TONIGHTS TOTAL

SILVER

OCT 21  WITH SILVER $0.83 : HUGE CHANGES IN SILVER INVENTORY AT THE SLV’ A DEPOSIT OF 1.277 MILLION OZ OF SILVER INTO THE SLV..//// //INVENTORY AT SLV RESTS AT 473.483 MILLION OZ

OCT 18  WITH SILVER $1.46 : NO CHANGES IN SILVER INVENTORY AT THE SLV//// //INVENTORY AT SLV RESTS AT 473.483 MILLION OZ

OCT 17  WITH SILVER DOWN 18 CENTS : HUGE CHANGES IN SILVER INVENTORY AT THE SLV//A DEPOSIT OF 3.419 MILLION OZ INTO THE SLV// //INVENTORY AT SLV RESTS AT 473.483 MILLION OZ

OCT 16  WITH SILVER UP 25 CENTS : NO CHANGES IN SILVER INVENTORY AT THE SLV// //INVENTORY AT SLV RESTS AT 470.064 MILLION OZ

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 474.760 MILLION OZ//

PHYSICAL GOLD/SILVER COMMENTARIES

1/ PETER SCHIFF/SCHIFF GOLD/MIKE MAHARRY

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

3.CHRIS POWELL AND DAILY GOLD/SILVER DISPATCHES

Physical demand is overwhelming silver derivatives, Maguire tells LFTV

Submitted by admin on Sat, 2024-10-19 11:59 Section: Daily Dispatches

11:57a ET Saturday, October 19, 2024

Dear Friend of GATA and Gold:

London metals trader Andrew Maguire, appearing on Kinesis Money’s “Live from the Vault” program with Shane Morand, says physical demand now is overwhelming derivatives trading in silver, just as it has done in gold, and he expects a similarly explosive rise in silver’s price soon.

The program is 49 minutes long and can be viewed at YouTube here:

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

end

Gold researcher Jan Nieuwenhuijs says central banks hide much about gold

Submitted by admin on Sat, 2024-10-19 19:30 Section: Daily Dispatches

7:30p ET Saturday, October 19, 2024

Dear Friend of GATA and Gold:

Gold researcher Jan Nieuwenhuijs has given Mike Maharrey of Money Metals Exchange an interview about his study of the involvement of central banks with gold and particularly the involvement of the People’s Bank of China. Like GATA, Nieuwenhuijs has concluded that there is much about their involvement with gold that central banks don’t want the public and the markets to see.

The interview is headlined “China’s Secret Gold Buying, U.S. Gold Reserve Transparency, and the Future of BRICS in the Global Gold Market” and it’s posted at Money Metals Exchange’s internet site here:

https://www.moneymetals.com/news/2024/10/19/chinas-secret-gold-buying-us-gold-reserve-transparency-and-the-future-of-brics-in-the-global-gold-market-003548

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

end

Hong Kong will boost gold trading, financial secretary says

Submitted by admin on Sun, 2024-10-20 08:44 Section: Daily Dispatches

By Jeanny Yu
Bloomberg News
Sunday, October 20, 2024

Hong Kong will roll out several measures with the aim of becoming an international trading center for gold and other commodities, Financial Secretary Paul Chan wrote in his blog today.

Policymakers plan to increase gold inventory facilities and accelerate the development of related businesses, such as trading, insurance and logistics, according to Chan. The city’s government will also expand gold-related derivatives trading to satisfy mortgage and hedging needs. …

… For the remainder of the report:

https://www.bnnbloomberg.ca/business/international/2024/10/20/hong-kong-to-bring-in-measures-to-boost-gold-trading-chan-says/

end

World’s $100 trillion fiscal timebomb keeps ticking

Submitted by admin on Sun, 2024-10-20 10:26 Section: Daily Dispatches

By Craig Stirling
Bloomberg News
Saturday, October 19, 2024

Even before global finance chiefs fly into Washington over the next few days, they’ve been urged in advance by the International Monetary Fund to tighten their belts.

Two weeks ahead of a potentially era-defining U.S. election, and with the world’s recent inflation crisis barely behind it, ministers and central bankers gathering in the nation’s capital face intensifying calls to get their fiscal houses in order while they still can.

The fund, whose annual meetings begin there on Monday, has already pointed to some of the themes it hopes to press home with a barrage of projections and studies on the global economy in coming days. 

The IMF’s Fiscal Monitor on Wednesday will feature a warning that public debt levels are set to reach $100 trillion this year, driven by China and the U.S. Managing Director Kristalina Georgieva, in a speech on Thursday, stressed how that mountain of borrowing is weighing on the world. …

… For the remainder of the report:

https://www.bnnbloomberg.ca/business/inter

4. OTHER GOLD COMMENTARIES//LIVE FROM THE VAULT/no 195 ANDREW MAGUIRE

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

.

6 CRYPTOCURRENCY NEWS

END

ASIA TRADING MONDAY MORNING/SUNDAY  NIGHT

SHANGHAI CLOSED UP 6.55 PTS OR 0.20%

//Hang Seng CLOSED DOWN 325.65 PTS OR 1.57%

// Nikkei CLOSED DOWN 27.15 PTS OR 0.07%//Australia’s all ordinaries CLOSED UP 0.62%///Chinese yuan (ONSHORE) CLOSED DOWN TO 7.1130 CHINESE YUAN OFFSHORE CLOSED DOWN TO 7.1243// Oil UP TO 70.83 dollars per barrel for WTI and BRENT UP AT 74.44 Stocks in Europe OPENED ALL RED

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 MONDAY MORNING.7:30 AM

ONSHORE YUAN:   CLOSED DOWN AT 7.1130

OFFSHORE YUAN: DOWN TO 7.1243

SHANGHAI CLOSED CLOSED UP 6.55 PTS OR 0.20%

HANG SENG CLOSED CLOSED UP 325.65 PTS OR 1.57%

2. Nikkei closed DOWN 27.15 POINTS OR 0.07%

3. Europe stocks   SO FAR:  ALL RED

USA dollar INDEX UP TO  103.45 EURO FALLS TO 1.0852 DOWN 10 BASIS PTS

3b Japan 10 YR bond yield: RISES TO. +0.962 Japan buying 100% of bond issuance)/Japanese YEN vs USA cross now at 149.88…… JAPANESE YEN NOW FALLING AS WE HAVE NOW REACHED THE RE EMERGING OF THE YEN CARRY TRADE AGAIN AFTER DISASTROUS POLICY ISSUED BY UEDA

3c Nikkei now  ABOVE 17,000

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

3e Gold UP /JAPANESE Yen DOWN CHINESE ONSHORE YUAN: 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 UP 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 UP TO +2.2590 Italian 10 Yr bond yield UP to 3.454 SPAIN 10 YR BOND YIELD UP TO 2.914

3i Greek 10 year bond yield UP TO 3.092

3j Gold at $2737.10 /Silver at: 34.06  1 am est) SILVER NEXT RESISTANCE LEVEL AT $34.40//AFTER 28.40

3k USA vs Russian rouble;// Russian rouble DOWN 0 AND 29/100  roubles/dollar; ROUBLE AT 96.23

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..88  10 YEAR YIELD AFTER FIRST BREAKING .54% LAST YEAR NOW EXCEEDS THAT LEVEL TO 0.962% 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 0.8641 as the Swiss Franc is still rising against most currencies. Euro vs SF:   0.9376  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: 4.132 UP 6 BASIS PTS…

USA 30 YR BOND YIELD: 4.434 UP 5 BASIS PTS/

USA 2 YR BOND YIELD:  3.985 UP 3 BASIS PTS

USA DOLLAR VS TURKISH LIRA: 34.24…

10 YR UK BOND YIELD: 4.1590 UP 3 PTS

10 YR CANADA BOND YIELD: 3.204 UP 2 BASIS PTS

5 YR CANADA BOND YIELD: 2.9604 UP 1 PTS.

2a New York OPENING REPORT

Futures Slide Ahead Of Huge Earnings Week

Monday, Oct 21, 2024 – 08:17 AM

US stock futures drop to start the week, trading near session lows as investors looked to a busy week of company earnings for further signs on the strength of the economy. Oil climbed and gold touched another record on mounting tensions in the Middle East. As of 8:00am, S&P futures are down 0.3% after the index capped its longest run of weekly gains this year, while futures for the tech-heavy Nasdaq 100 fell 0.5% while Nasdaq futures slide 0.6%, with megacap tech stocks all mostly lower: TSLA -0.7%, AMZN -0.3%, AAPL -0.3% pre-market after last week’s furious rally. 10-year Treasury yields rise five four basis points to 4.13% and the dollar edged higher. Commodities are higher led by oil and base metals after a bigger-than-expected China LPR rate cut announcement. Over the weekend, BA achieved a tentative settlement of the strike; BA is up +3.8% pre-market. This week, the key catalyst will be PMIs on Thursday. On earnings,  more than a fifth of the S&P 500 is due to report this week with Tesla Inc., Boeing Co., General Motors Co. and Coca-Cola Co. in the lineup. Approximately 40% of Industrials (including GE, LMT, MMM, BA, UPS, HON, UNP) and 30% of Materials companies will report. In addition, VRT (Wed pre-mkt; focus on data center), IBM and TXN will provide further color on tech and semis. Also keep an eye on DHR (Tue pre-mkt; housing), KO (Wed pre-mkt; consumer trends), TSLA (Wed aft-mkt; first Mag 7 earnings).

In premarket trading, Boeing rose 3% after union workers struck out a tentative agreement with the planemaker that raises pay by 35% over four years. The workers are set to vote on Wednesday. Kenvue jumped 8% after the Wall Street Journal reported activist investor Starboard Value has built a stake in consumer-products company, seeking changes that would boost the Tylenol maker’s stock price. Here are some other notable movers:

• Humana (HUM) gains 4% as Cigna revives efforts to combine with its smaller rival, according to people familiar with the matter. The talks between the health insurers fell apart last year over price. Shares of  Cigna (CI) are down 3%.
• Piedmont Lithium (PLL) drops 5% after JPMorgan downgraded the stock to underweight as market price declines are set to eat into earnings despite management’s focus on cash efficiencies.
• SolarEdge Technologies (SEDG) slip 2% after TD Cowen cut the stock to hold citing deteriorating demand in Europe.
• Spirit Airlines (SAVE) jumps 38% after the carrier reached an agreement with U.S. Bank National Association to extend a deadline by which the airline must extend or refinance its 2025 bonds to maintain its credit-card processing agreement with the bank.

US stocks are unlikely to sustain their above-average performance of the past decade as investors turn to other assets including bonds for better returns, Goldman Sachs strategists said. This year’s 23% bounce has been concentrated in a handful of the biggest technology stocks.

“Optimism about a soft-landing abounds, but that narrative is much more relevant for the US,” said Daniel Murray, chief executive officer of EFG Asset Management in Switzerland. “The European macro backdrop is much more vulnerable, and that is weighing on investor sentiment towards European stocks.”

Speaking of Europe, the Stoxx 600 index dropped 0.5% with gains in energy shares unable to offset losses elsewhere as another busy earnings week is gaining momentum. European companies have so far delivered fewer positive earnings surprises than usual, Barclays strategists said at the end of last week. JDE Peet’s shares jumped after an investor said it would acquire Mondelez’s stake in the coffee producer. SGS and Intertek are among the biggest laggards in the index after RBC downgraded both firms. DNB Bank ASA will acquire all the shares of rival Swedish firm Carnegie Holding AB for about 12 billion kronor ($1.1 billion) in what is the latest step of banking consolidation in the Nordic market. JAB agreed to buy Mondelez’s 86 million shares in JDE Peet’s for €25.10 per share, according to a statement. Here are some of the other notable European movers:

• Forvia shares rise as much as 10% after the car parts manufacturer reported third quarter sales that beat estimates. Analysts say the print is encouraging after September’s guidance cut
• European miners are outperforming the broader market on Monday as iron ore and base metals rose after Chinese banks cut their benchmark lending rates; gold-related shares also rise
• Hensoldt shares rise as much as 5.7%, the most intraday since mid July, after Bank of America upgraded the German defense electronics manufacturer to buy, citing an appealing valuation
• Yellow Cake rises as much as 3.9% as Citi starts coverage with a buy recommendation, saying the stock is a “unique vehicle” for exposure to physical uranium
• PureTech Health shares rise as much as 4.4% in London after its portfolio company Seaport Therapeutics closed a $225m Series B financing round that was oversubscribed
• Future rallies as much as 6.4% on Monday, following a 19% slump for the media company’s shares on Friday after it announced that CEO Jon Steinberg plans to step down
• Getinge shares drop as much as 3.1% after Nordea downgrades its recommendation on the stock to sell following the Swedish health-care firm’s third-quarter earnings that missed expectations
• SGS and Intertek both fall after being respectively downgraded to underperform sector perform at RBC, being more cautious on the testing, inspection and certification (TIC) sector into 2025
• Munich Re shares decline as much as 2.7% to be the worst performer in the Stoxx 600 Insurance Index, after Jefferies downgraded the reinsurer to hold from buy, seeing limited further upside
• Midwich shares fall as much as 18% to a 2017 low, as the IT services company warns that a deterioration of market conditions is expected to persist for the rest of the year
• REC Silicon shares fall as much as 24%, the most since February, after the Norwegian silicon manufacturer said its testing of ultra-high purity polysilicon material has been delayed

Earlier in the session, Asian stocks failed to hold on to their initial gains on Monday, dragged down by losses in Hong Kong-listed Chinese shares. The MSCI Asia Pacific Index fell as much as 0.6%, with financials and consumer discretionary sectors being the worst performers. Equities in India and most Southeast Asian markets also edged lower. While Chinese stocks onshore managed to eke out a small gain after banks cut their benchmark lending rates, the Hang Seng China Enterprises Index — a gauge of the nation’s shares listed in Hong Kong — slid almost 2%. The divergence in performance on Monday underscores a shift in investor preference in favor of Chinese equities traded on the mainland, which are seen benefiting more from Beijing’s policy support measures.

In FX, the Bloomberg Dollar Spot Index rose 0.2%. There was a spike of demand for the dollar last week which is likely to be linked to the US election, according strategists at JPMorgan. CFTC data showed non-commercial market players including hedge funds, asset managers and others cut aggregate bearish bets on the dollar to some $1.4 billion as of Oct. 15. That’s the least negative on the US currency since traders turned short in August, according to data compiled by Bloomberg.

In rates, treasuries trade lower into early US session, following losses in European rates as supply pressure weighs. The rebound in oil futures, up 2.2%, also adds to upside pressure on Treasury yields as investors monitor risk to supplies from Middle East warfare. 10-year Treasury yields are up 5 bps to 4.13%. Bunds are underperforming their US and UK peers, with German 10-year yields rising 5 bps to 2.23%.

In commodities, oil rebounded from last week’s 8% rout; Brent crude traded above $74 per barrel, rising almost 2% on the session. In the Middle East, Israel is discussing its attack on Iran after a Hezbollah drone exploded near Prime Minister Benjamin Netanyahu’s private home at the weekend. Investors are also boosting gold holdings ahead of what’s expected to be a tight US presidential election. Spot gold has picked up where it left off on Friday, rising $15 to another record high.

Looking at today’s calendar, the lone item of note is the September Leading index at 10am. Fed members scheduled to speak include Logan (8:55am), Kashkari (1pm), Schmid (5:05pm) and Daly (6:40pm).

Market Snapshot

• S&P 500 futures little changed at 5,903.25
• STOXX Europe 600 little changed at 525.17
• MXAP down 0.5% to 190.51
• MXAPJ down 0.4% to 608.41
• Nikkei little changed at 38,954.60
• Topix down 0.3% to 2,679.91
• Hang Seng Index down 1.6% to 20,478.46
• Shanghai Composite up 0.2% to 3,268.11
• Sensex up 0.2% to 81,378.37
• Australia S&P/ASX 200 up 0.7% to 8,344.39
• Kospi up 0.4% to 2,604.92
• Brent Futures up 1.0% to $73.81/bbl
• Gold spot up 0.4% to $2,731.75
• German 10Y yield up 4.3 bps at 2.23%
• Euro down 0.1% to $1.0851
• Brent Futures up 1.0% to $73.80/bbl
• US Dollar Index up 0.15% to 103.65

Top Overnight News

• China unveiled some of its biggest cuts to benchmark lending rates in years as the government stepped up efforts to reboot the economy and hit its year-end target of about 5 per cent GDP growth. The PBOC said on Monday that the country’s one-year loan prime rate would be reduced to 3.1 per cent from 3.35 per cent, the biggest reduction on record, and the five-year LPR would be cut to 3.6 per cent from 3.85 per cent. FT
• More than 20 Chinese listed companies have announced plans to tap special central bank lending for share purchases, according to exchange filings, days after the PBOC kicked off the $42 billion funding scheme. The PBOC launched the relending program on Friday, allowing listed companies or their major shareholders to borrow cheaply to fund share buybacks or holding increases. The scheme is worth 300 billion yuan ($42.24 billion) initially. RETRS
• Saudi Aramco is “fairly bullish” on China’s oil demand especially in light of the government’s stimulus package which aims to boost growth, the head of the state-owned oil giant said on Monday. RTRS
• UK gov’t preparing bond markets for GBP80B in extra borrowing over the next 5 years (a formal announcement is set to arrive on 10/30), a sum investors say can be absorbed without sparking a Lizz Truss-like panic so long as specific details are provided. London Times  
• Israel extended its bombing campaign in Lebanon, targeting financial institutions it says help fund Hezbollah. PM Benjamin Netanyahu met with top aides to discuss the next attack on Iran after a Hezbollah drone exploded near his home. BBG
• US banks are considering aggressive cuts to interest payments for corporate depositors as they seek to protect their profit margins after the Federal Reserve cut benchmark lending rates. FT
• Harris continued her blistering fundraising streak in Sept, with her campaign and allied committees raising more than $359M last month (vs. $160M for Trump). NYT
• Boeing has reached a tentative deal with its striking union workers that would increase compensation by 35% over four years (which is up from its original offer of 25%), with a union vote scheduled for Wednesday. WSJ
• Jefferies is the subject of a WSJ profile article detailing the aggressive headcount expansion undertaken by the firm over the last several years as it looks to become a top 5 investment bank by revenue (Jefferies is holding an analyst meeting Monday). WSJ

A more detailed look at global markets courtesy of Newsquawk

Top Asian News

European bourses, Stoxx 600 (U/C) began the session with a slight negative bias, and generally opened just below the unchanged mark. Stocks attempted to tilt higher soon after the cash open, but have since dipped off best levels to display a generally negative picture in Europe. European sectors are mixed and with the breadth of the market fairly narrow. Energy takes the top spot, alongside Basic Resources. Insurance is found at the foot of the pile. US Equity Futures (ES U/C, NQ -0.2%, RTY +0.2%) are mixed, with very slight underperformance in the NQ. Catalysts today have been light and the docket ahead remains thin.

Top European News

• ECB’s Holzmann said on Friday they are on track to getting inflation under control and that the rate decision in December will depend on the data.
• ECB’s Villeroy said they are on a good way to defeating inflation which is good news and there may be some temporary rebounds in the coming months although this would be due to technical effects, while he added that there will probably be more rate cuts and they will decide depending on the data.
• ECB’s Vasle said that back-to-back rate cuts are no indication of future ECB action, according to the FT.
• ECB’s Simkus says if disinflation becomes entrenched, rates could go below the natural level.
• ECB’s Kazaks says inflation is continuing to decline whilst the economy is weak; rates will continue to decline as inflation declines. ECB rate cuts cannot bring sustainable growth. Rates are still inhibiting economic growth.
• S&P affirmed the UK’s rating at AA; Outlook Stable, while Fitch affirmed Sweden at AAA: Outlook Stable, affirmed Sweden at AAA; Outlook Stable and affirmed Italy at BBB: Outlook revised to Positive from Stable.

FX

• USD is broadly stronger vs. peers; for now, the index is below Friday’s 103.80 peak which coincides with the 200DMA.
• EUR a touch softer vs. the USD after what has been a bruising run for the pair as of late, given a dovish ECB repricing, more hawkish Fed pricing and markets leaning towards a potential Trump presidency. EUR/USD hit resistance at its 200DMA at 1.0871 and has since drifted to a low at 1.0847.
• GBP is softer against the USD and to a lesser extent the EUR. Docket ahead is quiet, but a slew of BoE speakers are due throughout the week. For now, Cable is tucked within Friday’s 1.3008-71 range.
• JPY is softer vs. the USD. However, USD/JPY remains sub-150 after venturing as high as 150.31 last week.
• Antipodeans are both softer vs. the broadly firmer USD in quiet newsflow. AUD/USD has failed to sustain a move above the 0.67 mark and has since slipped below its 100DMA at 0.6695 and Friday’s 0.6692 trough.
• PBoC set USD/CNY mid-point at 7.0982 vs exp. 7.0990 (prev. 7.1274).

Fixed Income

• USTs are modestly lower but holding at a 112-00 trough which equals last Thursday’s base with support at 111-31 and 111-29+ below that.
• Bunds are softer despite experiencing a modest tick higher to a 134.18 session peak on cool German producer price metrics for September. The upside ultimately proved fleeting, with Bunds slipping to a current trough of 133.61. ECB speak today has had little impact on prices.
• Gilts gapped lower at the open and continued to extend losses, in tandem with weakness seen across the complex. Gilts are currently trading at a session trough of 97.61.

Commodities

• Crude oil is modestly firmer with geopolitical tensions remaining in full focus as we await a response from Israel following Iran’s attacks; elsewhere, over the weekend, tensions have been exacerbated by a reported drone attack on the (empty) residence of Israel PM Netanyahu. Brent’Dec currently towards the upper end of a USD 72.80-73.99/bbl range.
• Gold is in the green, gleaning support from the above geopolitical tensions. At a USD 2733/oz peak, which marks yet another ATH for the yellow metal.
• Base metals are firmer owing to the move higher seen in mainland China on the back of the (widely expected) PBoC LPR cut with the metals also seeing strength in APAC hours owing to the tone from Friday.
• Saudi Aramco’s CEO said the world must accelerate the development of new energy sources and lower carbon technologies that can compete on price and performance, while he added that they are fairly bullish on China and oil demand, as well as see some more demand for jet fuel and NAPTHA, especially for crude to chemical projects.
• IEA’s Birol said more than 25% of global energy demand growth is to come from SE Asia in the next 10 years.
• Shell (SHEL LN) said there was an oil leak from a pipeline at Shell Energy and Chemicals Park in Singapore and it activated emergency response specialists to help manage the situation.
• Turkmenistan signed a deal with Iraq to supply 20mln cubic metres of gas daily.

Geopolitics: Middle East

• Israeli PM Netanyahu said a drone attack which targeted his home in northern Israel was a “grave mistake”, while he and his family were not at their house when the drone attack struck on Saturday and there were no casualties.
• Israeli PM Netanyahu spoke with former US President Trump and told him that Israel considers the issues the US administration raises but will make decisions based on its national interests.
• Israel’s military said it attacked Hezbollah’s intelligence HQ and weapons storage facilities in the southern suburbs of Beirut on Saturday. It was also reported that Israel conducted a fresh raid on the southern suburbs of Beirut on Sunday, as well as targeted the city of Tyre and the towns of Bir al-Salasil and Homine al-Fawqa in southern Lebanon.
• Israeli military spokesperson had warned on Sunday that they would conduct targeted strikes on sites belonging to Hezbollah’s financial arm across Lebanon and urged Lebanese residents to evacuate areas near those facilities, while it was later reported that Israeli strikes hit branches of Hezbollah-linked bank in Beirut and Beqaa Valley, according to Times of Israel.
• Hezbollah announced it conducted a rocket barrage at Beit Hillel base, while it was separately reported that Iraqi armed factions announced the targeting of an Israeli military site in the Golan with drones.
• Israel gave the White House its demands for ending the war in Lebanon, while US President Biden’s envoy Amos Hochstein will visit Beirut on Monday to discuss a possible diplomatic solution with Lebanese officials, according to Axios. The report noted one Israeli demand is that IDF be allowed to engage in “active enforcement” to ensure Hezbollah doesn’t rearm and Israel also demands its air force have freedom of operation in Lebanese airspace, although a US official said it is highly unlikely Lebanon and the international community would agree to Israel’s conditions.
• Iran’s Supreme Leader said Hamas leader Sinwar’s death will not halt the axis of resistance and Hamas will live on.
• Iranian Foreign Minister Araghchi alluded to the US and warned that anyone who knows how and when Israel will attack Iran will be held accountable, according to Reuters.
• US House Speaker Johnson said on Sunday that there would be a classified briefing related to leaked US intelligence on Israel-Iran, according to Reuters.
• US Defence Secretary Austin said he would like to see Israel scale back on some of its strikes in and around Beirut, while he raised the issue about UNIFIL security with Israel’s Defence Minister Gallant. Furthermore, Austin reviewed the US defence posture and said he is relieved that PM Netanyahu is safe, while he said he couldn’t confirm reports that North Korean troops are in Russia and readying for combat in the Ukraine war, according to Reuters.
• UN peacekeeping force UNIFIL said an Israeli army bulldozer demolished a watchtower and fence surrounding the UN site in southern Lebanon on Sunday, according to Reuters.
• G7 defence ministers reaffirmed the importance of supporting UNIFIL and the Lebanese armed forces in their role of ensuring the stability and security of Lebanon, while they called on Iran to refrain from providing support to Hamas, Hezbollah, Houthis and other non-state actors. Furthermore, they called on Houthis to immediately cease their escalatory measures that increase regional instability and immediately release the vessel Galaxy Leader and its crew.

Geopolitics: Other

• Russia’s Kremlin say informal meeting between Putin and UAE president went on until midnight. “North Korea is our close neighbour, our partner and we are developing relations in all areas”. Kremlin do not comment on claims that North Korea is sending troops to Russia. “Ties with North Korea are not directed against other countries”.
• Ukrainian President Zelensky thanked countries that ‘do not close their eyes’ to North Korean involvement in Ukraine’s war with Russia and seeks a normal, honest and strong reaction from them, according to Reuters.
• Russian Foreign Minister Lavrov said recent statements by US President Biden on being ready for nuclear talks with Russia without preconditions are deception and he does not see signs at this moment that Moscow and Washington will return to talks on equal terms after the US presidential election, according to RIA.
• G7 defence ministers expressed deep concern at China’s support to Russia which is enabling Russia to maintain its illegal war in Ukraine, while the defence ministers said they support Ukraine on its irreversible path to full Euro-Atlantic integration including NATO membership.
• North Korean Foreign Minister said the new US-led sanctions monitoring team is unlawful, according to KCNA.

US Event Calendar

• 10:00: Sept. Leading Index, est. -0.3%, prior -0.2%

Central Bank Speakers

• 08:55: Fed’s Logan Speaks at SIFMA Annual Meeting
• 13:00: Fed’s Kashkari Participates in Townhall Event
• 17:05: Fed’s Schmid Speaks on Economic and Monetary Policy Outlook
• 18:40: Fed’s Daly Speaks in Moderated Discussion

DB’s Jim Reid concludes the overnight wrap

It doesn’t feel like its going to be the most exciting week ahead of us. Although with earnings season now in full throttle and with a seemingly extremely tight US election just two weeks tomorrow there is undoubtedly plenty to think about and react to.

Having said the election is tight, over the last two weeks the probability markets have been shifting back towards Trump. PredictIt has moved from a 45% probability of a Trump win on September 20th to 56% this morning. At the start of October a Republicans sweep was a 28% probability on Polymarket.com but that’s now shifted to a 42% chance. A Democrats sweep has fallen from 21% to 14%. Outside of the tax and spending implications, Mr Trump last week said that “the most beautiful word in the dictionary is tariff”. So that should have reminded markets that he is serious on this matter if he gets elected. In terms of fiscal, you’ll remember from last week that our US economists believe that the deficit will be between around 7 to 9% from 2026-2028 whatever political configuration we have in the White House.

Staying on debt we do have the IMF and World Bank annual meetings in Washington from today and across the rest of the week. There is expected to be a focus on the unsustainability of global debt in these meetings but that is probably more of a medium-term concern rather than anything markets will latch on to this week. There are plenty of central bankers speaking at the various Washington events but in particular watch out for ECB President Lagarde and BoE’s Governor Bailey (both tomorrow). Ahead of that, today sees quite a bit of Fedspeak. There is also the BRICS summit held in Kazan, Russia from tomorrow to Thursday hosted by Putin. China’s President Xi and India’s Prime Minister Modi are expected to attend.

In terms of data, the main highlight is probably the round of global flash PMIs (Thursday). Walking through the data day-by-day, the other highlights are German PPI, French retail sales and the US leading index today, the US Phili Fed tomorrow, US existing home sales, the Beige book, Eurozone consumer confidence and the Bank of Canada meeting on Wednesday, US initial jobless claims on Thursday, and US durable goods, Tokyo CPI, and the German Ifo on Friday. Recent strikes and storms will likely distort US claims and durable goods so it will be tough to get a clean data read at the moment. The Beige book may give us a bit more insight into current economic momentum.

In corporate earnings, the main highlights are SAP (today), Texas Instruments, GE, and GM (tomorrow), and Tesla, IBM, and Boeing (Wednesday). We list others in the day-by-day calendar at the end.

This morning, Asian equity markets are mostly trading higher. The Shanghai Composite (+0.82%), and the KOSPI (+0.67%) are leading the gains with the Nikkei (+0.33%) also higher. The Hang Seng is -0.55%, with US equity futures and US Treasuries pretty flat.

Focusing in on China, the PBOC has reduced the one-year loan prime rate (LPR) by 25 basis points to 3.10% from 3.35%, and the five-year LPR by the same margin to 3.6% from 3.85%. This is at the upper end of the 20-25bps of cuts expected with the consensus going for 20bps.

In the commodities market, gold continues its march higher (+0.33%) and to a fresh record high of $2,731 amid reports of Israel contemplating retaliation against Iran following Tehran’s recent missile attacks. Tensions have escalated further with news of a Hezbollah drone explosion near Prime Minister Benjamin Netanyahu’s residence on Saturday. The family weren’t home at the time but questions are being asked about how the drone was able to penetrate the defence systems and also what the response will be. Against that backdrop, Brent crude prices have slightly rebounded, trading +0.45% higher at $73.39/bbl.

Looking back at last week now and markets continued to advance, as the combination of strong US data, solid earnings, and another ECB rate cut buoyed investors. In particular, the S&P 500 posted a 6th consecutive weekly advance for the first time in 2024, and the latest weekly gain means it’s still experiencing its strongest performance at this point in the year since 1997. In terms of the details, the S&P 500 was up +0.85% over the week (+0.40% Friday), whilst small-cap stocks did particularly well, with the Russell 2000 up +1.87% (-0.21% Friday). It was a similar story in other countries, with Europe’s STOXX 600 up +0.58% for the week (vs. +0.21% Friday). However, emerging market equities lost ground for a second week running, with the MSCI EM Index down -0.38%, despite a +1.76% rebound on Friday led by Chinese stocks.

That strength was evident across multiple asset classes. For instance, in credit there were several milestones, with US IG credit spreads falling to just 79bps on Thursday, which was their tightest level since 2005, before rising +2bps on Friday. Similarly, Euro IG credit spreads ended the week at just 105bps, their tightest since February 2022. That spread tightening also happened among sovereign bonds, with the gap between the 10yr Italian yield over bunds down -11.9bps last week to 118bps, which is their tightest level since November 2021.

Among sovereign bonds themselves, there was also a modest rally last week, with yields on 10yr Treasuries down -1.7bps (-0.8bps Friday) to 4.08%. And those on 10yr bunds came down by a larger -8.3bps (-2.6bps Friday) to 2.18% helped by the back-to-back cut by the ECB. Bonds were also helped by a noticeable decline in commodity prices, and Brent crude fell by -7.57% over the week to $73.06/bbl. But even as oil prices fell, gold prices climbed to another all-time high on Friday of $2,721/oz, having risen by +2.44% last week (+1.08% Friday).

2B) European report

US futures mixed ahead of Fed speakers; dollar firmer and bonds pressured – Newsquawk US Market Open

Monday, Oct 21, 2024 – 06:00 AM

• European bourses are generally trading in negative territory, but the FTSE 100 remains afloat owning to gains in Energy/Mining names; US futures are mixed.
• Dollar is firmer, JPY underperforms with USD/JPY attempting to test 150 to the upside.
• Bonds are entirely in the red, Bunds were initially lifted by soft German producer prices, but ultimately succumbed to selling pressure.
• Crude climbs higher attempting to recoup some of the prior week’s losses, XAU & base metals continue to advance.
• Looking ahead, Fed’s Logan, Kashkari & Schmid, Earnings from SAP.

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EUROPEAN TRADE

EQUITIES

• European bourses, Stoxx 600 (U/C) began the session with a slight negative bias, and generally opened just below the unchanged mark. Stocks attempted to tilt higher soon after the cash open, but have since dipped off best levels to display a generally negative picture in Europe.
• European sectors are mixed and with the breadth of the market fairly narrow. Energy takes the top spot, alongside Basic Resources. Insurance is found at the foot of the pile.
• US Equity Futures (ES U/C, NQ -0.2%, RTY +0.2%) are mixed, with very slight underperformance in the NQ. Catalysts today have been light and the docket ahead remains thin.
• Click for the sessions European pre-market equity newsflow
• Click for the additional news
• Click for a detailed summary

FX

• USD is broadly stronger vs. peers; for now, the index is below Friday’s 103.80 peak which coincides with the 200DMA.
• EUR a touch softer vs. the USD after what has been a bruising run for the pair as of late, given a dovish ECB repricing, more hawkish Fed pricing and markets leaning towards a potential Trump presidency. EUR/USD hit resistance at its 200DMA at 1.0871 and has since drifted to a low at 1.0847.
• GBP is softer against the USD and to a lesser extent the EUR. Docket ahead is quiet, but a slew of BoE speakers are due throughout the week. For now, Cable is tucked within Friday’s 1.3008-71 range.
• JPY is softer vs. the USD. However, USD/JPY remains sub-150 after venturing as high as 150.31 last week.
• Antipodeans are both softer vs. the broadly firmer USD in quiet newsflow. AUD/USD has failed to sustain a move above the 0.67 mark and has since slipped below its 100DMA at 0.6695 and Friday’s 0.6692 trough.
• PBoC set USD/CNY mid-point at 7.0982 vs exp. 7.0990 (prev. 7.1274).
• Click for a detailed summary
• Click for NY OpEx Details

FIXED INCOME

• USTs are modestly lower but holding at a 112-00 trough which equals last Thursday’s base with support at 111-31 and 111-29+ below that.
• Bunds are softer despite experiencing a modest tick higher to a 134.18 session peak on cool German producer price metrics for September. The upside ultimately proved fleeting, with Bunds slipping to a current trough of 133.61. ECB speak today has had little impact on prices.
• Gilts gapped lower at the open and continued to extend losses, in tandem with weakness seen across the complex. Gilts are currently trading at a session trough of 97.61.
• Click for a detailed summary

COMMODITIES

• Crude oil is modestly firmer with geopolitical tensions remaining in full focus as we await a response from Israel following Iran’s attacks; elsewhere, over the weekend, tensions have been exacerbated by a reported drone attack on the (empty) residence of Israel PM Netanyahu. Brent’Dec currently towards the upper end of a USD 72.80-73.99/bbl range.
• Gold is in the green, gleaning support from the above geopolitical tensions. At a USD 2733/oz peak, which marks yet another ATH for the yellow metal.
• Base metals are firmer owing to the move higher seen in mainland China on the back of the (widely expected) PBoC LPR cut with the metals also seeing strength in APAC hours owing to the tone from Friday.
• Saudi Aramco’s CEO said the world must accelerate the development of new energy sources and lower carbon technologies that can compete on price and performance, while he added that they are fairly bullish on China and oil demand, as well as see some more demand for jet fuel and NAPTHA, especially for crude to chemical projects.
• IEA’s Birol said more than 25% of global energy demand growth is to come from SE Asia in the next 10 years.
• Shell (SHEL LN) said there was an oil leak from a pipeline at Shell Energy and Chemicals Park in Singapore and it activated emergency response specialists to help manage the situation.
• Turkmenistan signed a deal with Iraq to supply 20mln cubic metres of gas daily.
• Click for a detailed summary

NOTABLE DATA RECAP

• UK Rightmove House Price Index MM (Oct) 0.3% (Prev. 0.8%); YY 1.0% (Prev. 1.2%)
• German Producer Prices MM (Sep) -0.5% vs. Exp. -0.2% (Prev. 0.2%); YY -1.4% vs. Exp. -1.0% (Prev. -0.8%)

NOTABLE EUROPEAN HEADLINES

• ECB’s Holzmann said on Friday they are on track to getting inflation under control and that the rate decision in December will depend on the data.
• ECB’s Villeroy said they are on a good way to defeating inflation which is good news and there may be some temporary rebounds in the coming months although this would be due to technical effects, while he added that there will probably be more rate cuts and they will decide depending on the data.
• ECB’s Vasle said that back-to-back rate cuts are no indication of future ECB action, according to the FT.
• ECB’s Simkus says if disinflation becomes entrenched, rates could go below the natural level.
• ECB’s Kazaks says inflation is continuing to decline whilst the economy is weak; rates will continue to decline as inflation declines. ECB rate cuts cannot bring sustainable growth. Rates are still inhibiting economic growth.
• S&P affirmed the UK’s rating at AA; Outlook Stable, while Fitch affirmed Sweden at AAA: Outlook Stable, affirmed Sweden at AAA; Outlook Stable and affirmed Italy at BBB: Outlook revised to Positive from Stable.

NOTABLE US HEADLINES

• IAM union said regarding negotiations with Boeing (BA) that the latest proposal includes a 35% general wage increase spread over 4 years and that Boeing workers will receive a one-time ratification bonus of USD 7,000, according to Reuters. It was also reported that Boeing is exploring asset sales that could bring in much-needed cash while shedding non-core underperforming units and reached a deal to offload a small defence subsidiary that makes surveillance equipment for the US military, according to WSJ.

GEOPOLITICS

MIDDLE EAST

• Israeli PM Netanyahu said a drone attack which targeted his home in northern Israel was a “grave mistake”, while he and his family were not at their house when the drone attack struck on Saturday and there were no casualties.
• Israeli PM Netanyahu spoke with former US President Trump and told him that Israel considers the issues the US administration raises but will make decisions based on its national interests.
• Israel’s military said it attacked Hezbollah’s intelligence HQ and weapons storage facilities in the southern suburbs of Beirut on Saturday. It was also reported that Israel conducted a fresh raid on the southern suburbs of Beirut on Sunday, as well as targeted the city of Tyre and the towns of Bir al-Salasil and Homine al-Fawqa in southern Lebanon.
• Israeli military spokesperson had warned on Sunday that they would conduct targeted strikes on sites belonging to Hezbollah’s financial arm across Lebanon and urged Lebanese residents to evacuate areas near those facilities, while it was later reported that Israeli strikes hit branches of Hezbollah-linked bank in Beirut and Beqaa Valley, according to Times of Israel.
• Hezbollah announced it conducted a rocket barrage at Beit Hillel base, while it was separately reported that Iraqi armed factions announced the targeting of an Israeli military site in the Golan with drones.
• Israel gave the White House its demands for ending the war in Lebanon, while US President Biden’s envoy Amos Hochstein will visit Beirut on Monday to discuss a possible diplomatic solution with Lebanese officials, according to Axios. The report noted one Israeli demand is that IDF be allowed to engage in “active enforcement” to ensure Hezbollah doesn’t rearm and Israel also demands its air force have freedom of operation in Lebanese airspace, although a US official said it is highly unlikely Lebanon and the international community would agree to Israel’s conditions.
• Iran’s Supreme Leader said Hamas leader Sinwar’s death will not halt the axis of resistance and Hamas will live on.
• Iranian Foreign Minister Araghchi alluded to the US and warned that anyone who knows how and when Israel will attack Iran will be held accountable, according to Reuters.
• US House Speaker Johnson said on Sunday that there would be a classified briefing related to leaked US intelligence on Israel-Iran, according to Reuters.
• US Defence Secretary Austin said he would like to see Israel scale back on some of its strikes in and around Beirut, while he raised the issue about UNIFIL security with Israel’s Defence Minister Gallant. Furthermore, Austin reviewed the US defence posture and said he is relieved that PM Netanyahu is safe, while he said he couldn’t confirm reports that North Korean troops are in Russia and readying for combat in the Ukraine war, according to Reuters.
• UN peacekeeping force UNIFIL said an Israeli army bulldozer demolished a watchtower and fence surrounding the UN site in southern Lebanon on Sunday, according to Reuters.
• G7 defence ministers reaffirmed the importance of supporting UNIFIL and the Lebanese armed forces in their role of ensuring the stability and security of Lebanon, while they called on Iran to refrain from providing support to Hamas, Hezbollah, Houthis and other non-state actors. Furthermore, they called on Houthis to immediately cease their escalatory measures that increase regional instability and immediately release the vessel Galaxy Leader and its crew.

OTHER

• Russia’s Kremlin say informal meeting between Putin and UAE president went on until midnight. “North Korea is our close neighbour, our partner and we are developing relations in all areas”. Kremlin do not comment on claims that North Korea is sending troops to Russia. “Ties with North Korea are not directed against other countries”.
• Ukrainian President Zelensky thanked countries that ‘do not close their eyes’ to North Korean involvement in Ukraine’s war with Russia and seeks a normal, honest and strong reaction from them, according to Reuters.
• Russian Foreign Minister Lavrov said recent statements by US President Biden on being ready for nuclear talks with Russia without preconditions are deception and he does not see signs at this moment that Moscow and Washington will return to talks on equal terms after the US presidential election, according to RIA.
• G7 defence ministers expressed deep concern at China’s support to Russia which is enabling Russia to maintain its illegal war in Ukraine, while the defence ministers said they support Ukraine on its irreversible path to full Euro-Atlantic integration including NATO membership.
• North Korean Foreign Minister said the new US-led sanctions monitoring team is unlawful, according to KCNA.

CRYPTO

• Bitcoin is flat and resides around USD 68.4k, taking a breather from the recent strength seen over the past few days.

APAC TRADE

• APAC stocks began the week mixed, mostly positive although gains were capped by the lack of fresh macro catalysts from over the weekend and after China lowered its benchmark Loan Prime Rates as widely expected.
• ASX 200 was led by outperformance in the mining, resources and materials sectors.
• Nikkei 225 edged mild gains on a reclaim of the 39,000 level although the upside was limited by currency strength.
• Hang Seng and Shanghai Comp were mixed with the Hong Kong benchmark subdued and weakness in tech and casino stocks, while the mainland index edged higher after the PBoC announced a 25bps cut to China’s benchmark LPRs.

NOTABLE ASIA-PAC HEADLINES

• Chinese Loan Prime Rate 1Y (Oct) 3.10% vs. Exp. 3.10-3.15% (Prev. 3.35%)
• Chinese Loan Prime Rate 5Y (Oct) 3.60% vs. Exp. 3.60-3.65% (Prev. 3.85%)
• China-based DJI sues the US government for adding the drone manufacturer to the list of companies allegedly working with the Chinese military.
• US Republican Presidential Candidate Trump said he would impose tariffs on China if China went into Taiwan, according to a WSJ interview.
• Key US lawmakers urged Japan to strengthen restrictions on sales of chipmaking equipment to China and warned that if Tokyo fails to act, Washington could impose its own curbs on Japanese companies or bar toolmakers that sell to China from receiving US semiconductor subsidies.

2C ASIAN REPORT

APAC markets kicked off the week in contained fashion with macro catalysts light – Newsquawk Europe Market Open

Monday, Oct 21, 2024 – 01:45 AM

• APAC stocks began the week mostly positive although gains were capped by the lack of fresh macro catalysts.
• PBoC announced a 25bps cut to China’s benchmark LPRs, as expected.
• Israeli PM Netanyahu has said he is undeterred from his war aims following a reported drone attack on his private residence, via BBC.
• European equity futures are indicative of a contained cash open with the Euro Stoxx 50 future -0.1% after the cash market closed higher by 0.8% on Friday.
• FX markets are broadly flat, DXY sits around the 103.50 mark, EUR/USD and USD/JPY trade on 1.08 and 149 handles respectively.
• Looking ahead, highlights include German Producer Prices, EU Supply, Comments from Fed’s Logan, Kashkari & Schmid, Earnings from SAP.

SNAPSHOT

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US TRADE

EQUITIES

• US stocks traded with a mostly positive bias on Friday in which the S&P 500 and the DJIA printed fresh record closes albeit with price action somewhat choppy as earnings remained in the spotlight. In terms of sectors, Communications was the clear outperformer in the aftermath of a strong earnings report from Netflix, while Financials, Consumer Staples and Energy were the only industries in the red with the latter pressured by recent declines in oil prices.
• SPX +0.40% at 5,865, NDX +0.66% at 20,324, DJIA +0.09% at 43,276, RUT -0.21% at 2,276.
• Click here for a detailed summary.

NOTABLE HEADLINES

• Fed’s Bostic (2024 Voter) said on Friday that they need to move the policy rate because risks shifted and the neutral policy rate is in the 3.00-3.50% range. Furthermore, Bostic suggested there is no rush to get to neutral and will be patient, while he expects to get to 2% inflation near the end of 2025.
• IAM union said regarding negotiations with Boeing (BA) that the latest proposal includes a 35% general wage increase spread over 4 years and that Boeing workers will receive a one-time ratification bonus of USD 7,000, according to Reuters. It was also reported that Boeing is exploring asset sales that could bring in much-needed cash while shedding non-core underperforming units and reached a deal to offload a small defence subsidiary that makes surveillance equipment for the US military, according to WSJ.

APAC TRADE

EQUITIES

• APAC stocks began the week mixed mostly positive although gains were capped by the lack of fresh macro catalysts from over the weekend and after China lowered its benchmark Loan Prime Rates as widely expected.
• ASX 200 was led by outperformance in the mining, resources and materials sectors.
• Nikkei 225 edged mild gains on a reclaim of the 39,000 level although the upside was limited by currency strength.
• Hang Seng and Shanghai Comp were mixed with the Hong Kong benchmark subdued and weakness in tech and casino stocks, while the mainland index edged higher after the PBoC announced a 25bps cut to China’s benchmark LPRs.
• US equity futures were little changed in quiet rangebound trade.
• European equity futures are indicative of a contained cash open with the Euro Stoxx 50 future -0.1% after the cash market closed higher by 0.8% on Friday.

FX

• DXY was stuck in a tight range amid a lack of catalysts from over the weekend and a light calendar to start the week.
• EUR/USD traded sideways following last Friday’s rebound from a two-and-a-half-month low.
• GBP/USD conformed to the uneventful picture across the FX space after reverting to the 1.3050 focal point where its 10-day moving average resides within very close proximity.
• USD/JPY continued to trickle lower following the recent pullback from the 150.00 territory.
• Antipodeans initially benefitted alongside the early positive risk tone and firmer yuan reference rate setting but eventually faded their gains.
• PBoC set USD/CNY mid-point at 7.0982 vs exp. 7.0990 (prev. 7.1274).

FIXED INCOME

• 10yr UST futures traded little changed after recently recovering from a brief dip beneath the 112.00 level with very little in the way of key events scheduled this week.
• Bund futures took a breather after Friday’s whipsawing but with the downside cushioned by a floor at the 134.00 level.
• 10yr JGB futures kept afloat following recent source reports that the BoJ sees little need for a rate hike this month.

COMMODITIES

• Crude futures climbed off earlier lows but remained beneath USD 70/bbl after last week’s losing streak.
• Saudi Aramco’s CEO said the world must accelerate the development of new energy sources and lower carbon technologies that can compete on price and performance, while he added that they are fairly bullish on China and oil demand, as well as see some more demand for jet fuel and NAPTHA, especially for crude to chemical projects.
• IEA’s Birol said more than 25% of global energy demand growth is to come from SE Asia in the next 10 years.
• Shell (SHEL LN) said there was an oil leak from a pipeline at Shell Energy and Chemicals Park in Singapore and it activated emergency response specialists to help manage the situation.
• Turkmenistan signed a deal with Iraq to supply 20mln cubic metres of gas daily.
• Spot gold gradually extended on record levels north of the USD 2,700 level amid light catalysts.
• Copper futures were underpinned after last Friday’s rebound and alongside the mostly positive risk tone.

CRYPTO

• Bitcoin was choppy and gradually faded its gains after a brief reclaim of the USD 69,000 level.

NOTABLE ASIA-PAC HEADLINES

• Chinese Loan Prime Rate 1Y (Oct) 3.10% vs. Exp. 3.10-3.15% (Prev. 3.35%)
• Chinese Loan Prime Rate 5Y (Oct) 3.60% vs. Exp. 3.60-3.65% (Prev. 3.85%)
• China-based DJI sues the US government for adding the drone manufacturer to the list of companies allegedly working with the Chinese military.
• US Republican Presidential Candidate Trump said he would impose tariffs on China if China went into Taiwan, according to a WSJ interview.
• Key US lawmakers urged Japan to strengthen restrictions on sales of chipmaking equipment to China and warned that if Tokyo fails to act, Washington could impose its own curbs on Japanese companies or bar toolmakers that sell to China from receiving US semiconductor subsidies.

GEOPOLITICS

MIDDLE EAST

• Israeli PM Netanyahu said a drone attack which targeted his home in northern Israel was a “grave mistake”, while he and his family were not at their house when the drone attack struck on Saturday and there were no casualties.
• Israeli PM Netanyahu spoke with former US President Trump and told him that Israel considers the issues the US administration raises but will make decisions based on its national interests.
• Israel’s military said it attacked Hezbollah’s intelligence HQ and weapons storage facilities in the southern suburbs of Beirut on Saturday. It was also reported that Israel conducted a fresh raid on the southern suburbs of Beirut on Sunday, as well as targeted the city of Tyre and the towns of Bir al-Salasil and Homine al-Fawqa in southern Lebanon.
• Israeli military spokesperson had warned on Sunday that they would conduct targeted strikes on sites belonging to Hezbollah’s financial arm across Lebanon and urged Lebanese residents to evacuate areas near those facilities, while it was later reported that Israeli strikes hit branches of Hezbollah-linked bank in Beirut and Beqaa Valley, according to Times of Israel.
• Hezbollah announced it conducted a rocket barrage at Beit Hillel base, while it was separately reported that Iraqi armed factions announced the targeting of an Israeli military site in the Golan with drones.
• Israel gave the White House its demands for ending the war in Lebanon, while US President Biden’s envoy Amos Hochstein will visit Beirut on Monday to discuss a possible diplomatic solution with Lebanese officials, according to Axios. The report noted one Israeli demand is that IDF be allowed to engage in “active enforcement” to ensure Hezbollah doesn’t rearm and Israel also demands its air force have freedom of operation in Lebanese airspace, although a US official said it is highly unlikely Lebanon and the international community would agree to Israel’s conditions.
• Iran’s Supreme Leader said Hamas leader Sinwar’s death will not halt the axis of resistance and Hamas will live on.
• Iranian Foreign Minister Araghchi alluded to the US and warned that anyone who knows how and when Israel will attack Iran will be held accountable, according to Reuters.
• US House Speaker Johnson said on Sunday that there would be a classified briefing related to leaked US intelligence on Israel-Iran, according to Reuters.
• US Defence Secretary Austin said he would like to see Israel scale back on some of its strikes in and around Beirut, while he raised the issue about UNIFIL security with Israel’s Defence Minister Gallant. Furthermore, Austin reviewed the US defence posture and said he is relieved that PM Netanyahu is safe, while he said he couldn’t confirm reports that North Korean troops are in Russia and readying for combat in the Ukraine war, according to Reuters.
• UN peacekeeping force UNIFIL said an Israeli army bulldozer demolished a watchtower and fence surrounding the UN site in southern Lebanon on Sunday, according to Reuters.
• G7 defence ministers reaffirmed the importance of supporting UNIFIL and the Lebanese armed forces in their role of ensuring the stability and security of Lebanon, while they called on Iran to refrain from providing support to Hamas, Hezbollah, Houthis and other non-state actors. Furthermore, they called on Houthis to immediately cease their escalatory measures that increase regional instability and immediately release the vessel Galaxy Leader and its crew.

OTHER

• Ukrainian President Zelensky thanked countries that ‘do not close their eyes’ to North Korean involvement in Ukraine’s war with Russia and seeks a normal, honest and strong reaction from them, according to Reuters.
• Russian Foreign Minister Lavrov said recent statements by US President Biden on being ready for nuclear talks with Russia without preconditions are deception and he does not see signs at this moment that Moscow and Washington will return to talks on equal terms after the US presidential election, according to RIA.
• G7 defence ministers expressed deep concern at China’s support to Russia which is enabling Russia to maintain its illegal war in Ukraine, while the defence ministers said they support Ukraine on its irreversible path to full Euro-Atlantic integration including NATO membership.
• North Korean Foreign Minister said the new US-led sanctions monitoring team is unlawful, according to KCNA.

EU/UK

NOTABLE HEADLINES

• ECB’s Holzmann said on Friday they are on track to getting inflation under control and that the rate decision in December will depend on the data.
• ECB’s Villeroy said they are on a good way to defeating inflation which is good news and there may be some temporary rebounds in the coming months although this would be due to technical effects, while he added that there will probably be more rate cuts and they will decide depending on the data.
• ECB’s Vasle said that back-to-back rate cuts are no indication of future ECB action, according to the FT.
• S&P affirmed the UK’s rating at AA; Outlook Stable, while Fitch affirmed Sweden at AAA: Outlook Stable, affirmed Sweden at AAA; Outlook Stable and affirmed Italy at BBB: Outlook revised to Positive from Stable.

DATA RECAP

• UK Rightmove House Price Index MM (Oct) 0.3% (Prev. 0.8%)
• UK Rightmove House Price Index YY (Oct) 1.0% (Prev. 1.2%)

3B NORTH KOREA/SOUTH KOREA

3C JAPAN

3D. CHINA

4.EUROPEAN AFFAIRS//UK /SCANDINAVIAN AFFAIRS

UK

JDBYD on X: “https://t.co/SxHMqWxPDG” / X

Merry olde England not so merry.

https://twitter.com/JDBYD2/status/1847640643587203356

END

EU/MOLDOVA/RUSSIA

Russia will not be happy if Moldova joins the EU

(zerohedge)

Moldova EU Referendum Vote Is A Near-Tie – President Blames Russian Interference

by Tyler Durden

Monday, Oct 21, 2024 – 07:45 AM

With 98.42% of votes counted as this is written, Moldova’s Sunday referendum on whether the country should join the European Union teeters at a near-tie, with 50.08% voting Yes and 49.92% voting No — a difference of just 2,285 votes out of 1.46 million cast. The exceedingly close count defies polling that raised expectations for a comfortable win for Yes, and has the incumbent president — who herself is headed for a surprise runoff for her own job — accusing Russia of interfering in the election.  

With a population of about 3 million, the republic of Moldova is wedged between Romania and Ukraine. Most citizens speak Romanian, but there’s a significant Russian-speaking minority. Consistent with that combination of location and demographics, the country’s sentiments and policies have swung back and forth between pro-Russian and pro-Western. Since 2020 — which brought the election of current President Maia Sandu — a decidedly pro-Western slant has prevailed. 

Complicating the geopolitical picture is the slender breakaway republic of Transnistria, which lies along the east bank of the Dniester River, wedged between Ukraine and Moldova. While not recognized by any other state, it enjoys the economic and political support of Russia, along with the presence of some 1,500 Russian soldiers.  

Sunday’s razor-close EU referendum and lackluster showing by Sandu seemingly signal the country’s political pendulum is swinging again. Sandu only received 41% of the vote, while her principal opponent, former Prosecutor General Alexandr Stoianoglo, scored 27%. With opposition expected to consolidate in the Nov. 3 runoff, Sandu appears to be in serious jeopardy of losing the presidency.   

Sandu responded to the results with accusations of an “unprecedented assault on our country’s freedom and democracy,” blaming Russia for working to rally opposition to EU membership.  The also claimed there had been “a fraud of unprecedented scale,” in the form of an alleged scheme to buy 300,000 No votes.  

As the election approached, Sandu’s government accused Israeli-born, fugitive oligarch Ilan Shor of meddling in the election. Convicted of fraud and theft over a scam that drained $1 billion from Moldovan banks, Shor was sentenced to 7.5 years in prison in absentia. Moldova is now accusing the 37-year-old of funneling money from Russia into a vote-buying effort. When accused of his financial crimes, Shor first fled to and lived in Israel before moving to Russia.

The BBC said it had observed an apparent indication of just such a vote-buying effort: 

A BBC producer heard a woman who had just dropped her ballot in the transparent box ask an election monitor where she would get paid. Outside, we asked directly whether she had been offered cash to vote and she admitted it without qualms. She was angry that a man who had sent her to the polling station was no longer answering her calls. “He tricked me!” she said. She would not reply when asked who she had voted for.

A Yes victory on the referendum wouldn’t immediately put Moldova in the EU. Rather, it would amend the country’s constitution to declare EU membership is a goal of the republic, which declared its independence in 1991 in the wake of the Soviet Union’s collapse. Sandu has set 2030 as a goal for accession to the EU. 

The set of dynamics in play — election results that defy expectations of an establishment victory, followed by accusations of Russian interference — echoes what’s been repeatedly been observed both in the United States and Western Europe in recent years. On top of that, Moldovan authorities also censored online content that they characterized as disinformation.

That’s not the only similarity: The referendum count had No with a narrow lead down the stretch, only to see Yes pull ahead as absentee ballots were tallied — many cast by pro-EU “diaspora” Moldovans who don’t even live in the country. 

https://twitter.com/gemusegurke/status/1848196584321830980?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E18

 

5 RUSSIAN AND MIDDLE EASTERN AFFAIRS

ISRAEL/HAMAS/HEZBOLLAH/I

Netanyahu’s home targeted: Man killed as nearly 200 rockets, drones shower North

One drone launched at Caesarea reportedly targeted Prime Minister Benjamin Netanyahu’s residence.

By GADI ZAIG, SAM HALPERNOCTOBER 19, 2024 04:35Updated: OCTOBER 19, 2024 17:52

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fbreaking-news%2Farticle-825190&unitId=2900003088&userId=1938e01a-2e38-4f76-9d42-6dd0304d8a0a&isLegacyBrowser=false&isPartitioningSupport=1&version=20241017_4b4db6e9ab199f705bebfff30b5370e81ce3dae9&useBunnyCDN=0&themeId=140&unitType=tts-player

A man in Acre was killed when a Hezbollah rocket struck his vehicle on Saturday, according to MDA, amid a morning of intense rocket fire.

According to the IDF, there had been at least 180 projectiles fired by the Lebanon-based terror organization on Saturday as of 2:30 p.m.

Earlier, an explosion was heard in Caesarea after a drone launched from Lebanon slammed into a building in the city, the IDF said. Police arrived to locate the scene of the fall.

Two other drones launched alongside were reportedly intercepted. The incident triggered alarms in the Glilot military base, but the military later determined that drones were not in the area.

One drone launched at Caesarea targeted Prime Minister Benjamin Netanyahu’s residence., Israeli media reported, citing the Saudi TV news channel Al-Hadath. The Prime Minister’s Office said that Netanyahu and his wife were not at the location. No casualties were reported as a result of the incident.

https://twitter.com/i/status/1847559986064376207

In response to the attempted strike, an Israeli official, cited by N12, said that “Iran tried to assassinate the prime minister of Israel.”

Around the same time as the attacks on Caesarea, sirens sounded in Tel Aviv, but Israeli media reported that no notification was sent to the Home Front Command app for users in the area.

Netanyahu issued a statement hours after the attempted attack on his residence, saying “Nothing will deter us, we will continue until victory.”

Islamic Resistance in Iraq claims attack on North, vows escalation

Earlier that morning, the Islamic Resistance in Iraq claimed credit after a drone launched from the east was detected crashing into the Golan Heights.

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The IDF reported the crash after sirens sounded in the area and noted that the drone had crossed into Israel from Syria, and no injuries were reported as a result of the crash.

The Islamic Resistance in Iraq vowed further escalation.

Additional rockets, Israelis wounded

Drone alarms were also activated in the early morning in Gan Yashia, Olesh, Ametz, Bat Hefer, Yad Hana, and Barotaim in Emek Hefer, west of Netanya.

More drone sirens sounded again around 7:00 a.m. in Kiryat Yam and numerous other localities in the Haifa area, and a half hour later, further sirens sounded in Tiberias and the city’s surrounding areas.

https://twitter.com/i/status/1847544234980647392

Israeli media reported that two young men were lightly and moderately wounded by shrapnel in a rocket barrage towards Haifa and the Western Galilee.

The Western Galilee also saw four casualties from Hezbollah rocket fire in an open road in Acre, including the man who was killed as well as three others wounded in light condition, according to the MDA. Paramedics at the scene evacuated them to the Galilee Medical Center in Nahariya.

https://player.jpost.com/public/player.html?player=jpost&media=3786763&url=www.jpost.comMagen David Adom paramedics and vehicles operate at the scene of a rocket strike in northern Israel. October 19, 2024. Credit: Magen David Adom).

In addition, a rocket crashed in Kiryat Ata and caused damage to property and a car parked next to a residential building.

Ten people were later wounded in the city from the attacks from Lebanon, including a 28-year-old man in light-to-moderate condition, a man and woman both around 40 years old in light condition with shrapnel injuries, and a 25-year-old woman in light condition.

Among the ten, five were being treated for anxiety from the incident, the MDA stated.

Jerusalem Post Staff contributed to this report.

END

Hezbollah Kamikaze Targets Netanyahu’s Private Residence

Saturday, Oct 19, 2024 – 11:05 AM

Prime Minister Benjamin Netanyahu’s home has been targeted in a drone attack sent from Hezbollah in Lebanon on Saturday. It happened at this private residence in Caesarea, north of Tel Aviv.

A Netanyahu spokesperson confirmed that the drone struck near the residence, but the prime minister and his family were not home at the time of the attack, with details of the damage not disclosed. Remarkably, the inbound drone was captured on video, traveling close in proximity to an Israeli military helicopter, which may have been tracking and trying to shoot it down.

https://twitter.com/i/status/1847543194734436696

The Israel Defense Forces (IDF) indicated that the drone was one of three launched from Lebanon, with the other two having been intercepted.

The fact that the Kamikaze UAV made it all the way to the prime minister’s residence has raised questions over the country’s defense and warning system. The Times of Israel reports:

The short statement from Netanyahu’s office came after the IDF said that “a building had been hit” in the upscale town famous for its swanky villas and Roman ruins and amphitheater.

“No warning sirens were sounded in Caesarea ahead of the drone impact and explosion,” the same report notes. “Footage posted to social media appeared to show attack helicopters in the air that were apparently hunting the drone further to the north.”

Netanyahu’s office and the Israeli army have shared the following additional details, via Al Jazeera:

• The drone was launched from Lebanon and directly hit the PM’s house in Caesarea.
• Police arrived to locate the scene of the attack. At about the same time, sirens sounded in Tel Aviv.
• Two other drones launched at the same time were reportedly intercepted.
• The incident triggered alarms in the Glilot military base, but the military later determined that drones were not in that area.

Additionally, the drone flew a significant distance of 70km from Lebanon, which suggests Hezbollah is greatly deepening the reach of its projectiles, as it vowed to do following constant IDF airstrikes on Beirut and amid the expanded IDF ground operation inside south Lebanon.

Within hours after the drone attack on his home Netanyahu issued a defiant video on social media vowing that “nothing will deter” him while declaring that Israel is “going to win this war.” He further said that slain Hamas leader Yahya Sinwar, killed by the army in Rafah this week, was “the terrorist mastermind whose goons beheaded our men, raped our women and burned babies alive.”

The below photo purporting to show damage to the outside of Netanyahu’s Caesarea residence (or possibly a building near it) has widely circulated online:

X.com/Doranimated/status/1847614883745190348

“We took him out,” the Israeli leader said. He added: “We’re continuing our battle with Iran’s other terrorist proxies.” The region is still bracing for a possible major Israeli attack on Iran, in retaliation for the ballistic missile attack launched on Israel by the Islamic Republic on October 1st.

END

ISRAEL/HEZBOLLAH

IDF strikes Beirut after man killed, several hurt in barrages on northern Israel

Military says over 100 rockets fired from Lebanon today * Netanyahu defiant after drone targets his house * Soldiers find Hezbollah weapons cache, tunnels in school in southern Lebanon

DF issues evacuation warning for third building in Beirut’s southern suburb

By Emanuel Fabian

The IDF has issued an evacuation warning to the area surrounding a third building in Beirut’s southern suburb, ahead of an airstrike.

Col. Avichay Adraee, the IDF’s Arabic-language spokesman, publishes a map alongside the announcement, which calls on civilians to distance themselves at least 500 meters from the site.

“You are in the vicinity of Hezbollah facilities, which the IDF will operate against in the near future,” Adraee says on X.

A short while ago, the IDF issued similar orders for two other buildings in the southern suburb of Beirut, a Hezbollah stronghold known as Dahiyeh, before strikes were carried out.

https://twitter.com/AvichayAdraee/status/1847623984994558439

ISRAEL/HEZBOLLAH

WATCH: IDF destroys Hezbollah tunnels using over 100 tons of explosives

Combat teams from the Commando and Paratrooper Brigades operated in the deepest areas that the IDF has operated so far in the ground operation in Lebanon.

By JERUSALEM POST STAFFOCTOBER 19, 2024 15:19Updated: OCTOBER 19, 2024 18:23

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fmiddle-east%2Farticle-825214&unitId=2900003088&userId=1938e01a-2e38-4f76-9d42-6dd0304d8a0a&isLegacyBrowser=false&isPartitioningSupport=1&version=20241017_4b4db6e9ab199f705bebfff30b5370e81ce3dae9&useBunnyCDN=0&themeId=140&unitType=tts-player

IDF soldiers from the combat team “Hazaken” and the Yahalom Unit, operating under the command of Division 91, located and destroyed four underground infrastructures belonging to Hezbollah, the military said on Saturday. 

Soldiers located and destroyed over 50 tunnel shafts and underground infrastructures that were located in mosques, schools, and other civilian buildings. They also located a munitions warehouse, destroyed terrorist infrastructure, and eliminated many terrorists, the military noted. 

Combat Engineering soldiers, in cooperation with Yahalom, destroyed tunnel shafts and routes using over 100 tons of explosives.   

The IDF destroyed underground headquarters belonging to Radwan terrorists, which contained a space for storing weapons, the means for extended stays, living rooms, ammunition, and more. 

In the same area, dozens of weapons were located, including explosives, anti-tank missiles, anti-aircraft missiles, grenades, RPGs, machine guns, Kalashnikovs, ammunition, and observation technologies. 

Observation posts located by IDF

IDF soldiers raided Hezbollah headquarters and an observation post in southern Lebanon that oversaw Israeli towns in the Galilee, the military said on Saturday. 

Soldiers included those from the 98th Division, which include combat teams of the 7th Brigade, the 55th Brigade, the Paratroopers Brigade, the Commando Brigade, and Yahalom operated in a number of areas deep in southern Lebanon, both above and below ground. 

In these headquarters and observational posts, soldiers located and destroyed explosives and weapons and located intelligence. 

Additionally, soldiers of the 55th Brigade located and destroyed dozens of weapons that included Cornet launchers and other rocket launchers, explosives, RPGs, and other weapons, the IDF reported. 

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Combat teams from the Commando and Paratrooper Brigades operated in the deepest areas that the IDF has operated so far in the ground operation in Lebanon. Soldiers continued to raid terrorist infrastructure, locate weapons, and destroy terrorists, the IDF said. 

The IDFs operations in Lebanon have been steadily expanding.

Earlier Saturday, the IDF announced that the 71st Battalion of the 188th Armored Brigade, destroyed dozens of weapons depots, several tunnel shafts, and numerous enemy infrastructures and weapons, also in southern Lebanon.

In recent days, the brigade’s engineering forces discovered a subterranean route connecting two underground shafts in the combat zone. 

The shafts contained long-term accommodation equipment, weapons, and documents used by the organization. The fighters sealed the shafts and rendered them unusable in collaboration with the Northern Command engineering unit.

END

ISRAEL HAMAS

IDF says hundreds of Gazans evacuating from Jabaliya amid offensive there against Hamas

By Emanuel Fabian

The IDF says hundreds of Palestinian civilians have begun to evacuate from northern Gaza’s Jabaliya as troops continue to operate there against Hamas.

“During the activity, the IDF allowed civilians to evacuate safely from the area, through organized routes. So far, hundreds of people have evacuated,” Col. Avichay Adraee, the IDF’s Arabic-language spokesman, says on X.

He says that the army and COGAT are in contact with the international community and health authorities in Gaza to “maintain the ongoing functioning of the emergency systems of the hospitals, through the transfer of medical equipment and the supply of fuel subject to the operational situation, along with the evacuation of staff [and] patients.”

Adraee also says troops have also detained several terror operatives in the area.

In the past day, the IDF says troops with the 162nd Division have killed dozens of Hamas operatives and seized many weapons during the ongoing operation in Jabaliya.

https://twitter.com/AvichayAdraee/status/1847644148355993827

.END

‘Sinwar’s barrier of fear is broken’: Hundreds of civilians safely evacuate from Jabalya, Gaza

During the operations, the IDF allowed civilians to safely evacuate from the area via organized routes, and hundreds of people left the area. 

By JERUSALEM POST STAFFOCTOBER 19, 2024 18:03Updated: OCTOBER 19, 2024 18:05

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fmiddle-east%2Farticle-825229&unitId=2900003088&userId=1938e01a-2e38-4f76-9d42-6dd0304d8a0a&isLegacyBrowser=false&isPartitioningSupport=1&version=20241017_4b4db6e9ab199f705bebfff30b5370e81ce3dae9&useBunnyCDN=0&themeId=140&unitType=tts-player

Hundreds of Gazan civilians have evacuated Jabalya as the IDF continues to operate against terrorists in the area, IDF Arabic Spokesperson Avichay Adraee wrote in a post to X/Twitter on Saturday. 

As part of a joint IDF and Shin Bet (ISA) operation on Friday evening, after the 162nd Division operated against terrorists and terror infrastructure in Jabalya, hundreds of civilians evacuated from the area. 

During the operations, the IDF allowed civilians to safely evacuate from the area via organized routes, and hundreds of people left the area. 

Additionally, the IDF and Shin Bet arrested a number of terrorists and detained them for further investigation. Ammunition was found on one of the terrorists. 

The 162nd Division eliminated dozens of terrorists and found combat equipment in operations conducted over the past day. 

https://twitter.com/i/status/1847644148355993827

The IDF also reiterated that it is working in coordination with COGAT and communicating to the international community that it is working to maintain the operation of emergency systems in hospitals by transferring medical equipment and a fuel stockpile, along with evacuating crews and patients. 

On Saturday, COGAT announced that an airdrop operation of 81 food packages was completed  in the area of Khan Yunis.

Killing Sinwar

Hamas leader Yahya Sinwar was killed by the IDF in Tel Sultan in Rafah on Wednesday in an unplanned operation.

IDF troops suspected there were Hamas terrorists in the building area which they eventually fired on. Afterward, they found Sinwar’s body inside.

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One of the terrorists targeted in the IDF strike in Gaza was Hamas’s Khan Yunis division commander, who has been in close proximity to Sinwar since the start of the war.

Yonah Jeremy Bob contributed to this report.

ISRAEL/HEZBOLLAH

For the first time in days: IDF strikes Hezbollah weapons, intelligence facilities in Dahiyeh

The strike is an effort by the IDF to damage Hezbollah’s weapons storage and manufacturing facilities that are embedded beneath residential buildings in Beirut.

By JERUSALEM POST STAFFOCTOBER 19, 2024 15:20Updated: OCTOBER 19, 2024 20:09

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fbreaking-news%2Farticle-825215&unitId=2900003088&userId=1938e01a-2e38-4f76-9d42-6dd0304d8a0a&isLegacyBrowser=false&isPartitioningSupport=1&version=20241017_4b4db6e9ab199f705bebfff30b5370e81ce3dae9&useBunnyCDN=0&themeId=140&unitType=tts-player

The Israel Air Force (IAF) struck a number of Hezbollah weapons storage facilities and a Hezbollah intelligence headquarters command center in Dahiyeh, the military confirmed on Saturday evening. 

The strike is an effort by the IDF to damage Hezbollah’s weapons storage and manufacturing facilities that are embedded beneath residential buildings in the heart of Beirut and harming civilian populations, the IDF stated. 

Earlier on Saturday, Israeli fighter jets were reported to strike the area of Dahiyeh, the southern suburb of Beirut that is a known Hezbollah stronghold, Israeli media reported on Saturday. 

This report follows the warnings issued by IDF Arabic Spokesperson Avichay Adraee, who told residents of specific areas of Beirut, specifically in Haret Hreik, located near Dahiyeh, to evacuate in a post to X/Twitter on Saturday.

Additionally, later on Saturday, Adraee cautioned residents to evacuate from the area of Bourj el-Barajneh, located between Haret Hreik and the Beirut–Rafic Hariri International Airport. 

#عاجل ‼️ انذار عاجل إلى سكان الضاحية الجنوبية وتحديدًا المتواجدين في المباني المحددة في الخريطتيْن والواقعة في حارة حريكأنتم متواجدون بالقرب من منشآت ومصالح تابعة لحزب الله حيث سيعمل ضدها جيش الدفاع على مدى الزمني القريب من أجل سلامتكم وسلامة أبناء عائلتكم عليكم اخلاء هذه… pic.twitter.com/JhfeEIwB0T— افيخاي ادرعي (@AvichayAdraee) October 19, 2024

These statements warned residents to avoid facilities affiliated with Hezbollah, noting that the IDF would operate in those areas. 

These buildings and neighboring buildings should be immediately evacuated and residents should stay at least 500 meters away, the spokesperson wrote. 

 The United States would like to see Israel scale back some of its strikes in and around Beirut, US Defense Secretary Lloyd Austin said on Saturday.

“The number of civilian causalities has been far too high,” he said. “We would like to see Israel scale back some of the strikes in and around Beirut, and we would like to see a transition to negotiations that would allow civilians on both sides to return to their homes.”

END

ISRAEL HEZBOLLAH SUNDAY

Israel is now bombing their financial centres, stopping the funds that flow from Iran to Lebanon

(Jerusalempost)

Israeli strikes said to hit branches of Hezbollah-linked bank in Beirut, Beqaa Valley

By AFP and ToI Staff21 October 2024, 12:18 am

Flames and smoke are seen near Beirut’s airport following an Israeli airstrike on the Dahiyeh suburb in Lebanon, Sunday, October 20, 2024. (AP/Hussein Malla)

Lebanese state media say Israeli strikes have hit branches of the Hezbollah-linked Al-Qard Al-Hassan financial association, including near the country’s only commercial airport, after the Israeli military warned it would attack the quasi-bank, accusing it of financing the Iran-backed terror group’s operations.

Lebanon’s official National News Agency reports eleven strikes on Beirut’s southern suburbs, many of them targeting Al-Qard Al-Hassan.

One strike landed near Beirut’s airport, NNA says. Commercial planes were still seen flying past clouds of smoke in the area, an AFP correspondent says after watching them land at the airport, near the south of the Lebanese capital.

A video feed appears to show the airport operating as usual.

NNA also reports strikes targeting the association in Hermel, Riyaq and Baalbek in the Beqaa Valley region in Lebanon’s east, some 100 kilometers (60 miles) from the Israeli border.

The strike on Baalbek hit a commercial market housing a building formerly used by Al-Qard Al-Hassan, NNA says.

end

Israel rocks Beirut financial headquarters for Hezbollah and their main source of cash coming form Iran

(Times of Israel)

Blasts rock Beirut as Israeli sorties target financial group helping fund Hezbollah

Lebanese civilians in Hezbollah strongholds told to seek shelter as Israel strikes Al-Qard Al-Hassan, an unlicensed bank accused of helping terror group move money

By Emanuel Fabian, Follow
ToI Staff and AgenciesToday, 5:11 a

Smoke rise from an Israeli airstrike on Dahiyeh in the south of Beirut, Lebanon, Sunday, October 20, 2024. (AP/Hussein Malla)

Israeli airstrikes targeted branches of an association accused of financing the Hezbollah terror group late Sunday and early Monday, Lebanese state media reported, as Israel appeared to expand its campaign against the Iran-backed group and degrade its ability to find operations.

At least 11 strikes were reported in Beirut’s southern suburbs, with more attacks tallied in southern Lebanon and the northeastern Beqaa Valley region, all Hezbollah strongholds, as panicked civilians tried to reach shelter.

Most of the strikes targeted branches of Al-Qard Al-Hassan, an unlicensed gray-market bank seen as one of the group’s main sources of cash.

Israel said earlier in the evening that it was launching a campaign against Hezbollah’s funding networks, warning civilians to get away from any Al-Qard Al-Hassan facility.

“We will strike many sites in the coming hours, and more sites overnight. In the coming days, we will reveal how Iran finances Hezbollah’s terror activity using civilian institutions and associations as a cover,” IDF Spokesman Rear Adm. Daniel Hagari said Sunday night, shortly before the sorties began.

Hundreds of Beirut residents fled their homes as explosions echoed across the Lebanese capital, including near Beirut’s international airport, which sits adjacent to the southern Beirut suburb known as Dahiyeh where Hezbollah is largely based.

Flames and smoke are seen near Beirut’s airport following an Israeli airstrike on the Dahiyeh suburb in Lebanon, Sunday, October 20, 2024. (AP/Hussein Malla)

Reuters witnesses saw dense plumes of black smoke billowing in the air after at least 10 blasts. Eyewitnesses, who spoke on the condition of anonymity, said a building located in the Chiyah neighborhood in the southern suburbs of Beirut was reduced to rubble and the few people in the area had fled ahead of the explosion, resulting in no casualties.

An unverified video online appeared to show a multi-story building collapse following a strike on it.

https://twitter.com/i/status/1848104842587201562

Panicked crowds clogged the streets and caused traffic jams in some parts of Beirut as they tried to get to neighborhoods thought to be safer, witnesses said.

Al-Qard al-Hassan, which is sanctioned by the US Treasury Department, has more than 30 branches across Lebanon, including 15 in densely populated parts of central Beirut and its suburbs.

There was no immediate statement from Al-Qard al-Hassan, Hezbollah or the Lebanese government.

Asked by journalists whether the branches could be considered military targets, a senior Israeli intelligence official said: “The purpose of this strike is to target the ability of Hezbollah economic function both during the war but also afterwards to rebuild and to rearm …on the day after.”

Smoke rises from the site of an Israeli airstrike that targeted the southern Lebanese border village of Khiam on October 20, 2024, amid the ongoing war between Israel and Hezbollah. (AFP)

The strikes came after Israel said it had hit dozens of targets during air raids on Lebanon earlier Sunday, as Hezbollah claimed numerous rocket strikes over the border and clashes with Israeli ground troops.

Around 200 rockets were fired at Israel over the course of Sunday, causing damage but no casualties, the Israel Defense Forces said.

Israel was also targeted by drones apparently fired from Iraq on Sunday and early Monday. The IDF said it downed one drone “from the east” over Syria. A second drone, claimed by Iran-backed militias in Iraq, was shot down after crossing into Israel and triggering warnings in a pair of northern Jordan Valley settlements in the West Bank.

About 70 projectiles were fired from Lebanon into Israel Sunday within a matter of minutes, the military said, adding it had intercepted some of them.

In many cases, rocket impacts sparked fires, including a large blaze near Rosh Pina, in the Safed area.

Smoke and fire at the site of a fire which broke out from missiles fired from Lebanon near the northern Israeli town of Rosh Pina, October 20, 2024. (Ayal Margolin/Flash90)

Hezbollah also claimed an attack against Haifa. AFPTV images showed puffs of smoke in the sky above the port of Haifa as air defenses intercepted rockets and a siren wailed.

The Israel Fire and Rescue Service reported that fragments from an interceptor missile fell on a residential building in the western part of Haifa, causing some damage to the two-story property but no injuries.

In southern Lebanon, the United Nations peacekeeping force, UNIFIL, said an Israeli “army bulldozer deliberately had demolished an observation tower and perimeter fence of a UN position.”

The Blue Helmets have repeatedly alleged targeting by Israeli troops, a charge rejected by Israel, which says the peacekeepers should evacuate to avoid being caught in the crossfire.

In a visit to northern Israel on Sunday, Defense Minister Yoav Gallant told troops of the IDF’s 98th Division that the military was stepping up strikes on Hezbollah in Lebanon, destroying places the group “planned to use as launchpads for attacks against Israel.”

A missile attack from Lebanon seen in the northern town of Katzrin, Golan Heights on October 20, 2024. (Michael Giladi/Flash90)

Earlier Sunday, the Israeli military said it hit the “command center of Hezbollah’s intelligence headquarters” and underground weapons facility in south Beirut.

The IDF said Sunday its strikes in southern Lebanon killed more than 65 Hezbollah operatives, including a number of prominent figures.

On Saturday night the military had similarly reported striking weapons stores and a “Hezbollah intelligence headquarters” in the area.

Hezbollah meanwhile claimed it had downed an Israeli Hermes 450 drone Sunday, without saying where. There was no comment from the IDF.

Troops of the Golani Brigade operate in southern Lebanon, in a handout image published October 20, 2024. (Israel Defense Forces)

After suffering nearly a year of cross-border attacks, Israel launched a major offensive against Hezbollah in September with catastrophic consequences for the group, decimating its leadership and crippling much of its capabilities.

The offensive is aimed at creating conditions that will allow tens of thousands of residents of northern Israel to safely return home, after Hezbollah began launching cross-border attacks on October 8, 2023 in support of the Gaza-based Hamas terror group.

The attacks on northern Israel over the last year have resulted in the deaths of 29 civilians. In addition, 43 IDF soldiers and reservists have died in cross-border skirmishes and in the ensuing ground operation launched in southern Lebanon in late September.

A photo taken from the southern Lebanese city of Tyre shows a series of rockets launched from Lebanon towards Israel on October 17, 2024. (Kawnat HAJU / AFP)

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

Since its beginning last month, the Israel-Hezbollah war has killed at least 1,470 people in Lebanon, according to an AFP tally of Lebanese health ministry figures. Many of them are thought to be Hezbollah operatives.

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

These numbers have not been consistently updated since Israel began the campaign in September, but the IDF estimates that more than 1,500 Hezbollah operatives have been killed in the conflict.

end

same story as above

Israel Expands Lebanon Strikes To Banks Helping Hezbollah

Monday, Oct 21, 2024 – 12:05 PM

Israel on Sunday night began fresh, heavy airstrikes on Beirut’s southern suburbs as well as in the Bekka Valley in the east of Lebanon, for the first time declaring it would target banks suspected of financing Hezbollah.

“The air force will launch extensive strikes on targets in the southern suburb of Beirut, targeting Hezbollah-linked economic assets,” IDF spokesman Daniel Hagari said as strikes were underway. Buildings that belong to al-Qard al-Hassan Association are at the top of the list, identified by the Israelis as long associated with the Shia paramilitary group backed by Iran.

With at least 30 branches across Lebanon, and 15 Beirut locations in bustling neighborhood, al-Qard al-Hassan Association is also used by many Lebanese civilians.

The US-sanctioned bank has been around since the 1980’s and is focused on providing services to Lebanon’s Shiite community, which is mostly concentrated in the south.

“The purpose of the strike is to target the ability of Hezbollah to function both during the war but also afterwards to rebuild and to rearm the organization on the day after,” an Israeli military statement continued.

Some dozen large airstrikes rocked Beirut’s southern suburbs last night, including one or more which were very near Beirut International Airport, reportedly targeting the bank branches.

The bank has sought to assure its customers it has taken “all of the necessary procedures since the beginning of the war to safeguard your deposits and valuables and can confirm that you should not worry they are safe.”

A regional analyst was quoted in The Wall Street Journal as follows:

“The main loss for the people using its services will be the destruction of family gold they pawned in exchange for loans,” said Lina Khatib, director of the SOAS Middle East Institute and author of a study of Hezbollah’s influence networks.

“But for as long as Hezbollah’s external financial operations remain active, including its involvement in illicit finance internationally, and as long as Iran continues to fund it, Al-Qard Al-Hassan’s clients will expect Hezbollah to be able to compensate them for their losses,” she said.

The Lebanese Health Ministry said over the weekend that at least 2,464 Lebanese have been killed since hostilities began in Oct.2023; however, it remains unclear how many of that figure are combatants vs. civilians.

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The whole region remains on edge awaiting Israel’s retaliation against Iran, which US intelligence has said is “almost certainly” going to happen. A Bloomberg note indicates:

Oil prices bounce back from last week’s steep fall with Brent crude futures climbing 1.3% to around $74 a barrel. Traders are likely monitoring tensions in the Middle East after Israeli PM Netanyahu held a series of meetings with top security aides to discuss the next attack on Iran. Israel is discussing its attack on Iran after a Hezbollah drone exploded near Prime Minister Benjamin Netanyahu’s private home at the weekend.

Below are more regional developments via Newsquawk…

• Israeli PM Netanyahu said a drone attack which targeted his home in northern Israel was a “grave mistake”, while he and his family were not at their house when the drone attack struck on Saturday and there were no casualties.
• Israeli PM Netanyahu spoke with former US President Trump and told him that Israel considers the issues the US administration raises but will make decisions based on its national interests.
• Israel’s military said it attacked Hezbollah’s intelligence HQ and weapons storage facilities in the southern suburbs of Beirut on Saturday. It was also reported that Israel conducted a fresh raid on the southern suburbs of Beirut on Sunday, as well as targeted the city of Tyre and the towns of Bir al-Salasil and Homine al-Fawqa in southern Lebanon.
• Israeli military spokesperson had warned on Sunday that they would conduct targeted strikes on sites belonging to Hezbollah’s financial arm across Lebanon and urged Lebanese residents to evacuate areas near those facilities, while it was later reported that Israeli strikes hit branches of Hezbollah-linked bank in Beirut and Beqaa Valley, according to Times of Israel.
• Hezbollah announced it conducted a rocket barrage at Beit Hillel base, while it was separately reported that Iraqi armed factions announced the targeting of an Israeli military site in the Golan with drones.
• Israel gave the White House its demands for ending the war in Lebanon, while US President Biden’s envoy Amos Hochstein will visit Beirut on Monday to discuss a possible diplomatic solution with Lebanese officials, according to Axios. The report noted one Israeli demand is that IDF be allowed to engage in “active enforcement” to ensure Hezbollah doesn’t rearm and Israel also demands its air force have freedom of operation in Lebanese airspace, although a US official said it is highly unlikely Lebanon and the international community would agree to Israel’s conditions.
• Iran’s Supreme Leader said Hamas leader Sinwar’s death will not halt the axis of resistance and Hamas will live on.
• Iranian Foreign Minister Araghchi alluded to the US and warned that anyone who knows how and when Israel will attack Iran will be held accountable, according to Reuters.
• US House Speaker Johnson said on Sunday that there would be a classified briefing related to leaked US intelligence on Israel-Iran, according to Reuters.
• US Defence Secretary Austin said he would like to see Israel scale back on some of its strikes in and around Beirut, while he raised the issue about UNIFIL security with Israel’s Defence Minister Gallant. Furthermore, Austin reviewed the US defence posture and said he is relieved that PM Netanyahu is safe, while he said he couldn’t confirm reports that North Korean troops are in Russia and readying for combat in the Ukraine war, according to Reuters.
• UN peacekeeping force UNIFIL said an Israeli army bulldozer demolished a watchtower and fence surrounding the UN site in southern Lebanon on Sunday, according to Reuters.
• G7 defence ministers reaffirmed the importance of supporting UNIFIL and the Lebanese armed forces in their role of ensuring the stability and security of Lebanon, while they called on Iran to refrain from providing support to Hamas, Hezbollah, Houthis and other non-state actors. Furthermore, they called on Houthis to immediately cease their escalatory measures that increase regional instability and immediately release the vessel Galaxy Leader and its crew.

Agencies contributed to this report.

END

underneath Beirut’s major hospital lies 1/2 billion in gold and gold.

Israel so far is loathe to bomb the hospital. the Lebanese citizens should be quite angry.

(JerusalemPost)

Hezbollah’s gold mine catches fire: Nasrallah’s bunker under hospital held half billion dollars

The IDF reveals the economic blow that landed in Beirut.

By GADI ZAIGOCTOBER 21, 2024 21:08Updated: OCTOBER 21, 2024 22:23

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IDF Spokesman Rear Admiral Daniel Hagari revealed on Monday night that the former Hezbollah Secretary-General Hassan Nasrallah’s bunker in Dahieh in southern Beirut was located underneath a hospital – which held gold and half a billion dollars in cash.

One of his bunkers was located beneath the Al-Sahel Hospital and was used as Nasrallah’s emergency bunker, according to the IDF. The hospital has been evacuated following Israeli claims a Hezbollah cash bunker is located beneath it, hospital director Fadi Alameh told Reuters on Monday. Hagari said that Israel will not strike the hospital.

Alameh denied the allegation and called on the Lebanese army to visit the site.

https://player.jpost.com/public/player.html?player=jpost&media=3788101&url=www.jpost.comVideo with graphics displaying Nasrallah’s bunker underneath a hospital holding hundreds of millions of dollars (credit: IDF Spokesperson’s Unit)

An N12 report said that it serves as Hezbollah’s central money warehouse, where the vast majority of the organization’s money stolen from Lebanese citizens and used for terrorism is hidden. 

The IDF revealed a graphic photo and a video simulation of the structure. “This bunker is deliberately placed under the hospital and on both sides of it,” Hagari continued. “You can see the buildings under which the entrance shafts to the bunker are located.

“This money could and still can go to rebuilding the state of Lebanon. This money had been intended to go exclusively to arming the terrorist organization Hezbollah and had no other destination.”

He said that IAF aircraft are monitoring the compound “and will continue to do so.

Calling on Lebanese to take a stand

“We call on the citizens of Lebanon, the Lebanese government, and international institutions – do not allow Hezbollah to keep terrorist funds under a hospital. Even in the coming hours, we will continue to attack Hezbollah targets throughout Lebanon, including in Beirut in Dahieh.

“Our war is not against the citizens of Lebanon – but against a murderous terrorist organization which continues to arm itself and align itself with the interests of the Islamic Republic regime. We will continue to work to create security that will allow the return of our residents of the north to their homes.”

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Hagari also revealed that the IDF eliminated in Syria a senior member of the terrorist organization’s financial system, Ynet reported.

The “Qard al-Hasan” bank, which was founded in the 1980s as a charity, has developed into a powerful financial institution that currently serves over 200,000 people and manages most of Hezbollah’s economic activity, Maariv reported.

Reuters contributed to this report.

ISRAEL/HEZBOLLAH

Hezbollah captured soldiers terrified as to what is coming!

Captured Hezbollah fighters are ‘terrified,’ Gallant says

IDF hits Hezbollah installations in Beirut as terrorists fire more than 170 rockets

Three commanders of the terror group killed in separate strike; Lebanon army says 3 troops killed in strike on vehicle; rocket attacks cause damage but no injuries in Israel

By Emanuel Fabian FollowToday, 4:43 pmUpdated at 5:06 pm

A cloud of smoke erupts following an Israeli airstrike on Beirut’s southern suburbs on October 19, 2024. (AFP)

Israeli fighter jets struck a command center belonging to Hezbollah’s intelligence division and an underground weapons manufacturing site in Beirut on Sunday morning, the Israel Defense Forces said.

Before the strike, the IDF issued evacuation warnings to civilians in the area.

Separate strikes in southern Lebanon targeted and killed three prominent Hezbollah operatives.

The IDF named them as al-Hajj Abbas Salameh, a senior member of Hezbollah’s Southern Front; Reda Abbas Ouda, a communications specialist; and Ahmed Ali Hussain, responsible for weapons manufacturing.

The Lebanese army said three soldiers were killed Sunday in an Israeli strike that “targeted” their vehicle in the country’s south. It was not immediately clear if that strike was linked to the ones claimed by Israel.

The troops were killed on a road connecting the border village of Ain Ebel to the nearby town of Hanin, the army said. The latest deaths bring the number of troop casualties to eight, since all-out war erupted between Israel and Hezbollah last month.

A missile attack from Lebanon seen in the northern town of Katzrin, Golan Heights on October 20, 2024. (Michael Giladi/Flash90)

Meanwhile, Hezbollah launched several volleys of rockets, including a total of some 170 rockets toward Israel, triggering sirens in the Western and Upper Galilee regions as well as Haifa and its environs, the IDF said.

Some rockets were shot down, while others impacted, sparking fires, the military said. Firefighters were deployed to extinguish the blazes.

The Israel Fire and Rescue Service reported that fragments from an interceptor missile fell on a residential building in the western part of Haifa, causing some damage to the two-story property but no injuries.

Hezbollah also said it fired “a big rocket salvo” at an Israeli army base east of Safed, claiming the attack was “in defense of Lebanon” and “in response to the Israeli enemy’s attacks on villages and homes.”

Damage to a residential building caused by fragments from an interceptor missile, launched to counter a rocket barrage from Lebanon, that fell on in Haifa, October 20, 2024. (Israel Fire and Rescue Service)

There were no immediate reports of injuries in the attacks.

In a visit to northern Israel on Sunday, Defense Minister Yoav Gallant told troops of the IDF’s 98th Division that Hezbollah operatives captured and interrogated by Israel were “terrified,” and that the Iran-backed terror group was “collapsing.”

“The prisoners tell us what’s happening, that they’re terrified because they know that they don’t have what it takes to deal with what’s happening. Not in terms of strength, combat ability, precision or determination,” he said. “This whole great formation they call Hezbollah is collapsing.”

The IDF last week published footage of an alleged member of Hezbollah’s elite Radwan forces being interrogated about the terror group’s plans in southern Lebanon and the current state of its operations.

“We are moving from a situation of defeating the enemy village by village, to destruction — blowing up the tunnels and the ammunition depots, and dismantling Hezbollah,” Gallant told troops.

“The result is that in every place that Hezbollah was waiting and preparing to raid [Israeli] border town, there are IDF soldiers.”

He reiterated that Israel’s goal was to “completely clean this area so that residents can return to their homes and their lives.”

Tens of thousands of residents of northern Israel have been displaced from their homes for the last year, after Hezbollah began launching cross-border attacks in the wake of the October 7, 2023 Hamas terror onslaught, saying it was doing so in support of the Gaza-based terror group.

After suffering nearly a year of cross-border attacks, Israel launched a major offensive against Hezbollah in September with catastrophic consequences for the group, decimating its leadership and crippling much of its capabilities.

This month, it launched a ground offensive in southern Lebanon to dismantle terror infrastructure that threatened communities near the border.

This picture taken from Lebanon’s southern city of Tyre shows smoke billowing following an Israeli airstrike on the village of al-Hosh on October 17, 2024, as part of the continuing war between Hezbollah and Israel. (Kawnat HAJU / AFP)

The attacks on northern Israel over the last year have resulted in the deaths of 29 civilians. In addition, 43 IDF soldiers and reservists have died in cross-border skirmishes and in the ensuing ground operation launched in southern Lebanon in late September.

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

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

These numbers have not been consistently updated since Israel began a new offensive against Hezbollah in September, but the IDF estimates that more than 1,500 Hezbollah operatives have been killed in the conflict.

Agencies contributed to this report.

end

ISRAEL/HEZBOLLAH

Hezbollah was planning an identical massacre equivalent to Hamas as they had tunnels directly into Israel

(zerohedge)

Our fate was to be same as Gaza hostages: Residents of North react to Hezbollah tunnel discovery

“It is impossible not to imagine that our fate was supposed to be the same when looking at the infrastructure set up by Hezbollah,” a resident said.

By EVE YOUNGOCTOBER 21, 2024 13:

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Residents of Israel’s North have said that they will not return to their homes “in such a dangerous situation” following an IDF announcement that an 800-meter underground Hezbollah compound was uncovered in southern Lebanon.

The compound, which the IDF said served as a command and control for Hezbollah’s special Radwan forces, had weapons, motorcycles, living quarters, and means for long-term stays.

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

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

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

“While marking one year to the horrible disaster that happened in the South, we were exposed [to] an 800-meter tunnel with weapons and areas for resting and temporary stays,” said Kiryat Shmona resident Rafael Slav, one of the organizers of the Fighting for the North Forum.

“While we are always thinking of the 101 hostages still in the Gaza Strip, it is impossible not to imagine that our fate was supposed to be the same when looking at the infrastructure set up by Hezbollah,” he added.

“The State of Israel must not lead the North to a policy of unending rounds [of fighting],” he said, touching on Israel’s previous management of security in the South, which was characterized by continual rocket fire and IDF strikes.

“It is time to bring total security back to the northern border area. We must not stop.”

“For years, we have been sounding the alarm about digging noises,” said Maayan Benziri, a resident of Shlomi who is involved in the Forum.

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“We called the police and the army, and they told us we were hallucinating. They turned us into crazy people. It’s time to listen to residents of the North. Get back our trust in you and completely destroy the threats over the border.”

Not surprised by the situation

Danna Eran-Shamir, who is an evacuee from Kibbutz Malkiya, said that hearing about the discovery of the Hezbollah base was very frightening, but unfortunately unsurprising.

She explained that residents have known about security incidents in the area for years, adding that “it’s not surprising that this is the situation.”

“Of course, we feel very unsafe right now,” she said, adding that she isn’t sure if she will feel safe enough to return to her home in the future.

Over the years, the state should have “made sure the situation did not reach this point  – where Hezbollah is on the [border] and even over the [border],” she said, adding that she now thinks the government should resign.

While she doesn’t expect that to happen, that is the “appropriate action, because they are simply not functioning in any way, in any area, and certainly not in the diplomatic area.”

Eran-Shamir said she would want to see peace agreements now. “I don’t think that the war will solve anything.”

“I think we need to end this war and make peace because otherwise, there will certainly not be security.”

Everything is connected to the need to bring the hostages back, Eran-Shamir added. “As long as this government is continuing to stick to the approach of only fighting, it means that there is no way the hostages will come back and no way residents of the north will go back to their houses like this,” she added.

Jerusalem Post Staff contributed to this report.

ISRAEL /IRAN/USA

The time is now: Israel must forcefully strike Iran – opinion

A huge opportunity to reshape the Western world lies on the horizon, but will Israel rise to the occasion?

By BOBBY RECHNITZOCTOBER 20, 2024 00:33

https://trinitymedia.ai/player/trinity-player.php?language=en&pageURL=https%3A%2F%2Fwww.jpost.com%2Fopinion%2Farticle-825237&unitId=2900003088&userId=1938e01a-2e38-4f76-9d42-6dd0304d8a0a&isLegacyBrowser=false&isPartitioningSupport=1&version=20241017_4b4db6e9ab199f705bebfff30b5370e81ce3dae9&useBunnyCDN=0&themeId=140&unitType=tts-player

As the world watches with bated breath, Israel stands at a crossroads – a rare and potentially transformative opportunity unfolds on the geopolitical landscape.

With the upcoming American elections, a unique window has opened for Israel to take decisive action against the Islamic Republic of Iran, a nation that has long posed a significant threat to the State of Israel, regional stability and global security.

The current US administration, under the leadership of President Joe Biden and Vice President Kamala Harris, is currently grappling with a host of domestic challenges, and is distracted by the upcoming elections.

The focus on the elections and internal affairs has left a vacuum in foreign policy, particularly regarding Iran’s aggressive ambitions.

Now, more than ever, Israel must recognize the urgency of the moment. With Iran’s recent attacks directly and through its many proxies, and the increasingly heightened tensions, there is a compelling case for Israel to act swiftly and decisively.

Lack of resolve could embolden Iran

Harris, in a hard-fought electoral contest against former president Donald Trump, in particular, cannot afford to project any semblance of weakness.

She knows well that according to all polls, Iran is widely seen among the American public as an enemy, while the Jewish state is seen as a friend, an ally and an asset.

Thus, her support for Israel is not just a matter of principle – it’s a political necessity.

A perceived lack of resolve from the US could embolden not just Iran, but also adversaries like China, which is already starting to see an opportunity to assert its influence over Taiwan amid a distracted American administration. The recent large scale Chinese military drills involving a record number of fighter jets and other warplanes around China’s tiny southeastern neighbor are a testament to this.

The stakes are incredibly high. If Iran continues to operate unchecked, its nuclear weapons ambitions could be realized, destabilizing the region and posing a direct threat to Western allies, including not just Israel but the pragmatic Sunni nations. The strategic environment suggests that an assertive Israeli response could not only neutralize a persistent threat but also redefine the power dynamics in the Middle East.

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This moment should be viewed not just as a challenge, but as a gift – an opportunity for Israel to change the course of history for the Jewish state, the Jewish people and the broader Western world. A decisive action now could shift the narrative from one of reactive defense to proactive security, demonstrating that Israel is not just a victim, but a powerful actor on the global stage.

A forceful attack against the Islamic Republic’s regime will also capture the spirit of a new fighting generation in Israel. While many thought this was a softer generation, addicted to smartphones and unwilling to sacrifice itself for the greater good, the exact opposite has been demonstrated.

One of the most remarkable spectacles of the last year is witnessing how this generation has risen to the occasion and proven itself among the greatest fighting, devoted and spirited ones in Jewish history.

They have shown the capacity to be on the front foot in the mission of defending Israel and the Jewish people, which needs to be replicated by the decision-makers as they consider their response to the Iranian attack.

The opportunity will not last indefinitely, however. As the American elections approach, political dynamics will shift, potentially complicating Israel’s ability to act. A victory for Harris, or a continuation of the current administration’s policies, could lead to a more constrained environment for military action. The window for effective action against Iran may close, leaving Israel to grapple with a more dangerous future.

The implications of inaction are profound. A failure to capitalize on this moment could embolden not only Iran but also other adversarial states and terrorist entities, creating a domino effect that would further destabilize global security.

It is imperative that Israel leverages its military capabilities and intelligence assets to address the Iranian threat decisively and frontally.

Since last year’s October 7 massacre, Israel finds itself at a pivotal juncture. The next few months represent a unique opportunity to reshape the geopolitical landscape and reinforce its position as a critical ally to the United States and a bulwark against tyranny.

It is a time for bold action, strategic foresight, and unwavering resolve. The future – not just of Israel but the entire Western world – may well depend on how this opportunity is seized.

The writer is a Los-Angeles based philanthropist and real-estate developer who serves as chairman of the Abraham Accords Roundtable and Golda Meir Commemorative Coin Committee in Washington DC.

END

I

ISRAEL/HAMAS//OPINION

(JERUSALEMPOST)

Is Jabaliya the key to defeating Hamas? – analysis

The question now in Gaza is whether the death of Sinwar and the fighting in Jabaliya will hand Hamas a defeat that will change things strategically.

By SETH J. FRANTZMANOCTOBER 21, 2024 13:28

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The IDF continues operating in Jabaliya, a neighborhood and suburb of Gaza City in northern Gaza. The area is home to a large number of Palestinian civilians who remained in the area throughout the war and also returned over the last year.

It is estimated there are hundreds of thousands of Gazans in northern Gaza, out of a population of some 2 million in the whole of Gaza. How many of those people are in Jabaliya is unclear, but it appears to be many thousands.

Jabaliya mission led to Sinwar’s end 

The IDF began operations in Jabaliya for at least the third time in a year when the 162nd Division was sent into the area on October 6. The 162nd was pulled out of Rafah and sent north to complete this task. 

This movement of IDF troops set the stage for two important incidents. First, it led to the killing of Yahya Sinwar, who was killed by troops searching Tel al-Sultan ten days after the Jabaliya operation began. Second, it has led to the demand by Israel that civilians evacuate large areas of northern Gaza.

It’s unclear if the Jabaliya operation helped lead to Sinwar’s finding. It’s possible he felt he could wander around more openly because he believed the IDF was shifting forces to northern Gaza and was focused on Lebanon.

What matters is that Hamas continues to lose ground. On the other hand, Hamas continues to control large parts of Gaza. Reports on October 21 paint a picture of a Hamas that can still engage in hostage deal talks. 

Who represents Hamas in Gaza? Probably Yahya Sinwar’s brother. However, Hamas also has many leaders abroad, most of whom live in Qatar and Turkey. Today, more Hamas leadership lives in countries that are considered US allies. Turkey is a NATO ally, and Qatar is a major non-NATO ally.

Hamas wants war to continue 

“Senior Hamas official Khaled Meshaal has reiterated the steadfastness of the Palestinian resistance movement in its struggle against the Zionist regime until the liberation of Palestine,” Iran’s IRNA reported on October 21.

This illustrates that Hamas members in Qatar and Turkey are pushing for the war in Gaza to continue. Iran’s foreign minister recently visited Turkey, and he met with Hamas members while he was there. Turkey backs Hamas, and coordination may be taking place at high levels between Ankara and Tehran to back Hamas and figure out the next steps in Gaza.

Meshaal’s statement likely dovetails with this. “Meshaal, who is also serving as the head of Hamas outside Palestine, while delivering a speech in honor of Martyr Yahya Sinwar, the head of the political bureau of the resistance movement, said that the option of resistance is there until the liberation of Palestine,” IRNA reported in Iran. 

---

---

“During the Al-Aqsa storm operation, we lost a large number of resistance leaders in Gaza, the West Bank, and abroad, as well as the residents of the camps and this movement has always presented its leaders on the path of martyrdom, pride, liberation of the land and the freedom from the Israeli occupation, headed by Ahmed Yassin, who was assassinated by the Zionist regime in 2004,” Meshaal said.

This means that Hamas abroad is preparing for a long war and seeks to replace Sinwar. Publicly, Hamas wants to show that the group will not agree to a ceasefire or a deal.

Meanwhile, in Gaza, Hamas is losing out in Jabaliya. “Over the past day, IDF troops dismantled terror infrastructure and tunnel shafts and eliminated terrorists in the area of Jabaliya. IDF tanks, in cooperation with the IAF, eliminated several terrorists that posed a threat to the troops,” the IDF said on October 21. The IDF continues to grind down the terrorists.

The IDF’s goal in Gaza is to remove Hamas’s terrorist infrastructure and find the remaining Hamas fighters. 

It appears Hamas returned to northern Gaza several times, even after the IDF fought in Jabaliya in December 2023 and again in the first half of 2024. Hamas keeps returning and recruiting. It is also innovating new ways to kill Israeli soldiers. 

The head of the 401st Armored Brigade, Col. Ehsan Daxa, was killed on October 20. This is a serious loss and it follows other losses in Gaza, which shows that Hamas is still a threat.

The war continues 

The question now in Gaza is whether the death of Sinwar and the fighting in Jabaliya will hand Hamas a defeat that will change things strategically. Israel has been fighting a tactical war in Gaza, where numerous victories take place, but Hamas is not entirely defeated. 

The absence of a clear day-after strategy also leads to a sense among Hamas leaders abroad that they can hang on and survive. With the death of Sinwar, there are also questions about the ability to free hostages. 

For most of the year, the war in Gaza was fought on two tracks, one of talks in Doha or Cairo about hostages and another of tactical battles in Gaza. It’s not clear if the pressure on Hamas or reduction of its capabilities has led to flexibility on the hostages. 

Without Sinwar in charge, it should be possible to do more work on freeing the hostages. 

The question after Jabaliya is cleared of terrorists is whether there is a next step and a willingness to exploit the death of Sinwar for leverage. Hamas leaders abroad appear to be saying that they won’t budge. 

With most of them living in Western allies, it is harder to foresee them being eliminated. This gives them confidence to continue to survive and “win” simply.

END

/

RUSSIA/

END

END

UKRAINE/RUSSIA

END

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

ROBERT H

What if

It is common knowledge that Pilots were first to get hit in symptoms from the shots. Likely due to long period of stationary seating and change in altitude.
What if doctors and nurses are also affected? We could lose an entire support network that many people rely on. And we can go down the list of people who likewise maybe affected.
There is no telling what different reactions to these vaccination people will have over time. It is like someone unleashed  a huge experiment upon the world and now we await the consequences.

https://open.substack.com/pub/pierrekory/p/are-medical-errors-on-the-rise-due?r=184d63&utm_medium=ios

END

Crazy but then who would believe in another lockdown ?

Singapore has become the first country in the world to perform an autopsy (post-mortem) of a COVID-19 body. After a thorough investigation, it was discovered that Covid-19 does not exist as a virus, but rather as a bacteria that has been exposed to radiation and causes human death by clotting in the blood.

It was found that Covid-19 disease causes blood clots, which leads to blood clotting in humans, and causes blood to clot in the veins, making it difficult for a person to breathe; Because the brain, heart and lungs cannot receive oxygen, causing people to die quickly.

To find the cause of the shortage of respiratory power, doctors in Singapore did not listen to WHO protocol and performed an autopsy on COVID-19. After doctors opened and carefully examined the arms, legs and other parts of the body, they noticed that the blood vessels were dilated and filled with blood clots, which impeded blood flow and also reduced the flow of oxygen in the body causes the death of the patient. After learning about this research, Singapore’s Ministry of Health immediately changed the Covid-19 treatment protocol and gave aspirin to its positive patients. I started taking 100mg and Imromac. As a result, patients began to recover and their health began to improve. Singapore’s Ministry of Health evacuated more than 14,000 patients in one day and sent them home.

After a period of scientific discovery, doctors in Singapore explained the method of treatment by saying that the disease was a global hoax, “It is nothing but intravascular coagulation (blood clots) and a method of treatment. Antibiotic tablets, Anti-inflammatory and Take anticoagulants (aspirin).

This indicates that the disease can be cured.

According to other Singapore scientists, ventilators and an intensive care unit (ICU) were never needed. Protocols for this purpose have already been published in Singapore.

China already knows this, but has never released its report.

Share this information with your family, friends, neighbors, acquaintances and colleagues so that they can shake off the fear of Covid-19 and realize that this is not a virus, but a bacteria that has only been exposed to radiation. Only people with very low immunity should be careful. This radiation also causes inflammation and hypoxia. Victims should take Asprin-100mg and Apronik or Paracetamol 650mg.

Source:

Singapore Ministry of Health Moved (must read)

Forwarded as received.

GBB News

https://t.me/GBBNews23

GLOBAL ISSUES

MARK CRISPIN MILLER

DR PAUL ALEXZANDER

SHOCK VIDEO: ‘Aurora Apartment Worker Beaten Bloody by Venezuelan Tren de Aragua Gang Members’; my question, if the local law enforcement etc. not doing anything, then we Americans must handle

business, if you deem life threatened, re-enter with a street sweeper, 50 caliber and open them up, take them all out! if life imminently threatened then you must KILL these vermin; our 2nd permits.

Dr. Paul AlexanderOct 19

READ IN APP

We have a dangerous situation with Mara (MS-13), 18 Street gang and now this Tren de Aragua…if they come here to USA now to rape and kill as doing, then we handle business…do we need a Bukele style MEGA prison? call it MAGA prison…

it is time we tear these scum dogs, these 3rd world feral beasts up…if your life is threatened, then kill them, they must know that we will take your life. on the spot. And it is not just the illegal animals, we have white males, Caucasian men, blacks inside USA doing unspeakable crimes, raping our American women…killing them…I want them all handled same way…with no mercy…but we do have a crisis now with illegal Latino, Middle Eastern, African males raping and killing American women due to the Biden Harris immigration breach of our borders, and I argue deliberate for various reasons.

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.

Upgrade to paid

We must savage these beasts and make it public.

It is time we Americans handle our business legally, using our legal right to bear arms and to use it once life threatened…Jocelyn Nungary if she had a legal weapon under 2nd, could be alive today…

Toby Rogers is clear, concise & I wanted to showcase his words: “The era of vaccines is over. The treatment for bacterial infections is antibiotics. The treatment for viral infections is antivirals.

Vaccines have no role in the future of medicine; this 4th statement is key and what we are fighting against, since it is clear even the anti-COVID people want in on making money re mRNA vaccine

Dr. Paul AlexanderOct 21

READ IN APP

SLAY NEWS

Doctors Issue Red Alert over New ‘Replicon’ Covid ‘Vaccines’Leading doctors in Canada are speaking out to warn the public about new “replicon” self-amplifying Covid mRNA “vaccines” which have been dubbed the “third atomic bomb” by renowned experts in Japan.READ MORE

UK Cancer Cases Soar to Record HighNew official data from the UK government has revealed that cancer cases in England have soared to a record high.READ MORE

‘Young’ Firefighter Drops Dead Suddenly While Walking DogA firefighter has tragically died suddenly after collapsing unexpectedly while walking his dog.READ MORE

Elon Musk Warns America Would Be like ‘Mad Max’ After Four More Years of Kamala HarrisX boss Elon Musk has made a grim prediction about the future of America if Democrat presidential nominee Kamala Harris wins the election next month.READ MORE

Trump Takes Lead in Battleground State PollingPresident Donald Trump is now leading Democrat presidential nominee Kamala Harris across key battleground states, new polling shows.READ MORE

New Hampshire Supreme Court Justice Indicted for Interfering with Investigation into HusbandA justice on New Hampshire’s Supreme Court has been indicted for allegedly interfering with an investigation into her husband.READ MORE

Biden Hints at Plans to Jail Trump as Harris Warns Trump Will Weaponize Justice SystemPresident Joe Biden hinted that the Democrats may be planning to jail their number one opponent if the election doesn’t go their way next month.READ MORE

Nebraska Supreme Court Rules Felons Can Register to Vote Immediately After Serving SentencesThe Nebraska Supreme Court has ruled that convicted felons must be allowed to register to vote after completing their sentences.READ MORE

Melania Trump’s Book Soars to Top of New York Times Bestseller List Just Weeks Before Election DayFormer First Lady Melania Trump’s memoir has soared to the top of the New York Times Bestseller list this week.READ MORE

Texas Apartment Complexes Under Siege from Illegal Aliens, Venezuelan Gang Members ArrestedAuthorities in Texas have revealed that apartment complexes in the state have come under siege from violent illegal alien gangs.READ MORE

Biden Announces Plan to Wipe $4.5 Billion of Debts for College-Educated Voters with Taxpayer Money as Election Day LoomsAs Election Day looms and Democrat presidential nominee Kamala Harris appears to be struggling, lame-duck President Joe Biden has just announced a new scheme to wipe billions in debts for college-educated voters using taxpayer money.READ MORE

‘Morning Joe’ Blasts Bret Baier for Grilling Kamala Harris: Trump ‘Would Never Be Treated That Way’A panel on MSNBC’s “Morning Joe” blasted Fox News anchor Bret Baier for asking Democrat presidential nominee Kamala Harris real questions during his bombshell Wednesday interview with the vice president.READ MORE

Biden-Harris Admin Sued for Refusing to Purge Non-Citizens from Voter RollsThe Biden-Harris administration has just been hit with a major lawsuit from the state of Florida for pushing back against the effort to purge non-citizens from voter rolls.READ MORE

Bombshell Study: Moderna Covid ‘Vaccine’ Dangerous for Most MenA bombshell new study from leading American experts has declared that Moderna’s Covid mRNA “vaccine” is considered dangerous for men aged between 18 and 64 years old.READ MORE

Tens of Thousands of Japanese Citizens Rally Against ‘Replicon’ Covid VaccinesTens of thousands of Japan’s citizens have been flooding the streets in protest over the government’s push for new self-amplifying “replicon” mRNA “vaccines.”READ MORE

Top Democrat James Clyburn Warns Kamala Harris Needs to Interact with Voters MoreOne of Washington’s most powerful Democrats is warning that the party’s presidential nominee Kamala Harris needs to interact with voters more.READ MORE

Obama Hit with Backlash for Lecturing Black Voters: ‘Where You Been, Homie?’Barack Obama is facing backlash for blasting black men who are considering a vote for President Donald Trump.READ MORE

Victory Signal Emerges in Pennsylvania’s Lehigh Valley as Local GOP Reports ‘Waitlist’ for Trump-Vance SignsLocal Republicans in a bellwether area of Pennsylvania are reporting that they can’t keep up with the demand from voters for Trump-Vance signs.READ MORE

Would-Be Trump Assassin Ryan Routh Demands Judge Recuse HerselfThe man arrested for trying to assassinate President Donald Trump at his Florida golf course is demanding that the judge recuse herself from the case.READ MORE

Meta Employees Admit Facebook Censors Pro-Trump, Conservative, Anti-Democrat PostsMeta employees have been caught admitting in an undercover video that the company’s Facebook and Instagram social media platforms target and censor conservative content to promote left-wing narratives and help the Democrats.READ MORE

Two Illegal Alien Gang Members Set Free by Biden-Harris Admin Arrested for MurderTwo violent Venezuelan illegal alien gang members have been arrested in New York over the brutal murder of a 59-year-old man.READ MORE

CNN’s Data Guru: ‘Trump More Popular Now Than 2020 and 2016’ ElectionsCNN’s senior data analyst Harry Enten has revealed that President Donald Trump is “more popular now” than he was during the past two elections.READ MORE

Obama Judge Releases Jack Smith’s Anti-Trump ‘Witch Hunt’ Court Docs as Election Day LoomsThe Obama-appointed judge overseeing Jack Smith’s Jan. 6 case against President Donald Trump has just released court documents to the public as Election Day is now under three weeks away.READ MORE

Trump Vows Education Overhaul: ‘Let the States Run the Schools’President Donald Trump has revealed that he plans to overhaul America’s education system during his second term in the White House.READ MORE

NEWS ADDICTS

Massive Blackout Hits Cuba After Entire Power Grid Fails; Communist Government Blames the USThe entire island country of Cuba was plunged into darkness on Friday after a major power plant failed, the state energy minister confirmed. Severe power shortages had already forced the communist government to limit electricity use in an attempt to spare the power grid. State workers were sent home and non-essential industry as well as schools were shut down. Despite …READ THE FULL REPORT

Kamala so desperate she’s now pretending to be Reagan to winKamala Harris is so desperate in this campaign to beat Trump that she’s now pretending to be Reagan in order to win, which is the biggest fake out she’s tried to do in this election thus far. Here’s what she said: As imperfect as we may be, America is still that shining city upon a hill that inspires people around …READ THE FULL REPORT

Tim Walz Claims His Mom Lives Off Social Security Checks So She Can Feed Herself, But Something Doesn’t Add UpDemocratic vice presidential candidate Minnesota Gov. Tim Walz claimed recently that his mother is only able to eat every month due to her Social Security check. “We are all products of our past. When you grow up a middle-class kid in Oakland or in Butte, Nebraska, you care about Social Security,” Walz said, according to Fox News, which reported his …READ THE FULL REPORT

Here’s What Trump Told Schumer Backstage at Al Smith DinnerFormer President Donald Trump acted to mend fences with Senate Majority Leader Chuck Schumer backstage at Thursday night’s Al Smith Dinner — before kicking them down again with a joke about the Brooklyn Democrat’s odds of becoming the “first woman president.” “You’re my guy, you’re my guy,” Trump, 78, said as he warmly shook Schumer’s hand with both of his …READ THE FULL REPORT

Kamala’s Campaign Fumes After Trump Cracks Jokes About Her at Charity DinnerVice President Kamala Harris’ campaign lashed out late Thursday night after it was widely mocked at a charity dinner for vulnerable women and children that Harris refused to attend. Trump lightly roasted Harris, Democrats, and some left-wing media outlets at the 79th Alfred E. Smith Memorial Foundation Dinner in New York City. “Donald Trump struggled to read scripted notes written …READ THE FULL REPORT

The latest reports from Slay News

Study Exposes Massive Life Expectancy Plunge for Covid-VaxxedA major peer-reviewed study has revealed that people who received Covid mRNA “vaccines” have significantly reduced their life expectancy.READ MORE

Carbon Dioxide Has Zero Impact on ‘Global Warming,’ Top Study FindsA group of leading Polish researchers has confirmed that carbon dioxide in the Earth’s atmosphere has zero impact on so-called “global warming.”READ MORE

Federal Judge Strikes Down Key Election Integrity Measures Ahead of Election DayA federal in Texas has struck down a key election integrity bill just days ahead of the critical presidential election.READ MORE

Kamala Harris Closely Tied to California Democrat Pushing to Reduce Charges for Crimes Against ChildrenDisturbing new information has emerged regarding Vice President Kamala Harris’s ties to a controversial California Democrat.READ MORE

Obamas to Stump for Kamala Harris in Two Crucial Swing States as Election Day LoomsThe Democrats are rallying the troops as Election Day is now just over two weeks away.READ MORE

Trump Vows to Halve Americans’ Energy Bills If ElectedPresident Donald Trump has vowed to dramatically reduce the energy bills of the American people if he wins re-election in just over two weeks.READ MORE

Ringo Starr Reveals Harrowing Illness: ‘A Mad Thing Eating My Body’Legendary musician Ringo Starr has revealed that he’s been suffering from a harrowing health ordeal that caused him to cancel tour dates.READ MORE

EVOL NEWS

CNN Guest Quickly Dismantled This Panel’s Anti-Trump Narrative and Total Chaos Ensued – EVOLREAD MORE…

LATEST NEWS:

REPORT: Kamala FURIOUS with campaign manager over Al Smith dinner fiasco – EVOLRead more…President Trump Says He Will Do “Everything” At McDonald’s During Pennsylvania Visit – EVOLRead more…Trump to Make Unusual Campaign Stop in Battleground State – EVOLRead more…The Left’s Grip on Science Tightens by Strangling Education, Conference Planning, Research – EVOLRead more…CBS Hit with Formal FCC Complaint Over Kamala Harris Interview – EVOLRead more…This Border Patrol video helping with disaster recover is a PATHETIC display – EVOLRead more…DOJ Watchdog Cites Concerns Over Storage, Destruction of Employee-Issued Firearms at FBI, DEA – EVOLRead more…Florida Residents Sue to Void Abortion Amendment on November Ballot – EVOLRead more…

Ex-Indian Intelligence Officer Charged for Plot to Assassinate US Citizen – EVOLREAD MORE…

LATEST NEWS:

Australia Suffers Seven-Fold Death Surge Among Covid-Vaccinated – EVOLRead more…Michael Cohen Claims Trump Will Disband Congress In Latest Unhinged Meltdown – EVOLRead more…Election Fraud Allegations Lead to Felony Charges Against California City Council Candidate – EVOLRead more…Watch: Pro-Palestine Activist Tears Down Greek Flags After Mistaking Them for Israeli Ones – EVOLRead more…‘Free Palestine’ Protestor Breaks Trump’s Security Barricade, Tries to Burn IDF Flag – EVOLRead more…Did Biden Dis Kamala? Here’s What the Prez Told Obama at Ethel Kennedy’s Funeral – EVOLRead more…The Biden-Harris Admin ‘Just Made the Biggest Handout to Illegal Aliens in American History – EVOLRead more…Trump Reacts to Kamala Harris Getting Destroyed on Fox News by Bret Baier – EVOLRead more…

LATEST NEWS:

Massive Blackout Hits Cuba After Entire Power Grid Fails; Communist Government Blames the US – EVOLRead more…Tim Walz Claims His Mom Lives Off Social Security Checks So She Can Feed Herself, But Something Doesn’t Add Up – EVOLRead more…Here’s What Trump Told Schumer Backstage at Al Smith Dinner – EVOLRead more…Kamala’s Campaign Fumes After Trump Cracks Jokes About Her at Charity Dinner – EVOLRead more…FBI Quietly Revises Violent Crime Statistics Weeks After Fact-Check During ABC Debate – EVOLRead more…Video: Transgender Historian Flashes Her Rear and Twerks to ‘Educate with A**’ During Gender and Sexuality Lecture – EVOLRead more…ISIS Sex Slave Who Was Kidnapped at 11 Reveals She Was Fed Cooked Babies – EVOLRead more…The West Virginia town of Green Bank has become a refuge for ‘electro… – EVOLRead more…

REPORT: Kamala FURIOUS with campaign manager over Al Smith dinner fiascoThere’s a report out today that Kamala was absolutely FURIOUS with her campaign manager after the Al Smith dinner fiasco last night. The report, which is by someone I’m unfamiliar with, says that Kamala ripped her campaign manager a new one this morning and had her in tears: Major drama within the Kamala Harris campaign this morning. A source reveals …READ THE FULL REPORTRosie O’Donnell’s Daughter Arrested for Child Neglect, Drug PossessionRosie O’Donnell’s eldest daughter has been charged with child neglect after police found her 11-month-old son in a home full of meth pipes, feces, and garbage. Chelsea Belle O’Donnell, 27, was charged with four felony counts of maintaining a drug trafficking place, child neglect, possession of meth, and possession of THC. Prosecutors at the Marinette County Sheriff’s Office charged her …READ THE FULL REPORTCNN’s Senior Political Analyst Has Some Brutal News for KamalaDonald Trump has never polled better or been more popular heading into the final weeks of the 2024 election. The panic is real among Democrats because everything is coming out of the woodwork. From reports about phantom boos at the Al Smith Dinner to Kamala Harris trying to claim that Trump’s mental health is in decline—the desperation is setting in, …READ THE FULL REPORTDave Ramsey Announces Presidential EndorsementWith just 18 days left until Election Day, financial guru Dave Ramsey made headlines by announcing his endorsement for the upcoming presidential election. Known for his financial advice, Ramsey began by explaining the rationale behind his decision. He pointed to a series of policies—taxes, immigration, gun control, climate change, and woke policies—that he used as a basis for determining his …READ THE FULL REPORTVP Harris Mocks Pro-Life Protesters Hours Before Catholic Charity Dinner SnubVice President Kamala Harris didn’t hold back on pro-life protesters as she talked to her supporters about expanding abortion rights at her campaign stop in Wisconsin on Thursday, just hours before she skipped the Al Smith Catholic charity dinner. “We will move forward because ours is a fight for the future, and it is a fight for freedom — for …READ THE FULL REPORT

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

7.OIL PRICES/GAS PRICES/OIL ISSUES

To Keep Prices Low, California Will Raise Prices

Monday, Oct 21, 2024 – 11:05 AM

Via SchiffGold.com,

California Governor Gavin Newsom signed a bill this week that could force local refineries to stockpile fuel, a move he believes will smooth long-term gasoline prices.

“Price spikes have cost Californians billions of dollars over the years, and we’re not waiting around for the industry to do the right thing,” Newsom said.

“We’re taking action to prevent these price spikes and save consumers money at the pump.”

Once the California Energy Commission outlines the new set of rules, refineries could be fined as much as $1 million per day for non-compliance. That massive figure doesn’t alarm Newsom, who says it’s time justice is done.

“They’re screwing you; they’ve been screwing you for years,” he said of oil companies.

But, as critics have been quick to point out, forcing suppliers to hold inventory could dramatically raise operating costs. Even if the new legislation does prevent price spikes—an outcome that’s far from certain, given the unpredictability of economic shocks—consumers will pay for future lower prices with higher prices now. That’s if producers don’t simply pack up and leave.

“The uniqueness [of California regulations] on top of uniqueness on top of uniqueness has made this not the kind of environment that refiners want to continue to invest in,” said Eloy Garcia, lobbyist for industry group WSPA.

“You are further and further making this a unique refining environment when you need refiners to stay in California.”

Consistently high prices are a bigger problem than spikes, many say. Even in its ideal form, the new legislation only aggravates this immediate problem.

“Even if, in theory, it stops price spikes, it still doesn’t bring them down,” said Nicolaus Assemblyman James Gallagher.

“And the problem is the price is too damn high, right now.”

Experts estimate that creating the storage tanks required to meet the new requirements could take nearly a decade and cost “tens of millions of dollars.” That stockpile will be costly to maintain and comes with its own host of problems.

“Once you have inventory like this, it is going to be very tempting for whoever has political power to try to release that inventory when it is helpful to them to push down gasoline prices,” UC Berkeley economist Severin Borenstein said in a recent hearing.

Others have pointed out that worker safety and jobs could be at risk from the legislation. Cost-cutting measures to pay for new construction would likely involve layoffs and job cuts. Workers who are unfamiliar with the maintenance procedures and dangers of massive storage tanks could be thrown into an on-the-job crash course, leading to cut corners and errors due to inexperience.

It’s an open secret that oil stockpiling to prevent supply disruptions “works,” at least for policy purposes, on a national level. The federal government manages the world’s largest emergency petroleum reserve, commonly known as the SPR. But there’s a critical difference between that national plan and the California legislation, and that’s how much competition the rules allow. The U.S. government purchases oil from suppliers and undertakes its own inventory management and storage procedures. Newsom shifts that burden onto suppliers, forcing them to hold reserves they would prefer to sell immediately, penalizing noncompliance with fines rather than incentivizing compliance with payment.

Both policies raise oil prices for consumers, but likely by different amounts, and certainly in different ways.

The national stockpile raises prices by reducing supply, a feature of a competitive market whenever a large buyer is involved. The California stockpile raises prices by forcing operating costs to rise, a feature of a regulated market where producers are required to perform at reduced efficiency.

Hence the age-old question of economics, which so many well-meaning politicians forget to ask: Is the tradeoff worthwhile? What kind of precedent does this local regulation set for the economy as a whole?

For Newsom, the move is an unequivocal win for consumers—and it’s only the beginning of a larger plan for government intervention to force prices down, despite the best efforts of profit-seeking suppliers.

“[Gas companies] continue to lie, and they continue to manipulate,” Newsom said. “They have been raking in unprecedented profits because they can.”

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

CANADA

END

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

EURO VS USA DOLLAR:  1.0852 DOWN 0.0010

USA/ YEN 149.88 UP .495 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 1.3027 DOWN .0011

USA/CAN DOLLAR:  1.3818 UP 0.0032 (CDN DOLLAR DOWN 32 BASIS PTS)

 Last night Shanghai COMPOSITE CLOSED UP 6.55 PTS OR 0.20%

 Hang Seng CLOSED DOWN 325.65 PTS OR 1.57%

AUSTRALIA CLOSED UP 0.62%

 // EUROPEAN BOURSE:     ALL RED

Trading from Europe and ASIA

I) EUROPEAN BOURSES:  ALL RED

2/ CHINESE BOURSES / :Hang SENG CLOSED DOWN 325.65 PTS OR 1.57%

/SHANGHAI CLOSED UP 6.55 PTS OR 0.20%

AUSTRALIA BOURSE CLOSED UP .62%

(Nikkei (Japan) CLOSED DOWN 27.15 POINTS OR 0.07%

INDIA’S SENSEX  IN THE RED

Gold very early morning trading: 2736.15

silver:$34.05

USA dollar index early MONDAY  morning: 103.52 DOWN 19 BASIS POINTS FROM  FRIDAY’s CLOSE.

MONDAY  MORNING NUMBERS ENDS

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And now your closing  MONDAY NUMBERS 1: 30 AM

Portuguese 10 year bond yield: 2.717%  UP 9 in basis point(s) yield

JAPANESE BOND YIELD: +0.960% DOWN 0 AND 2/ 10   BASIS POINTS /JAPAN losing control of its yield curve/

SPANISH 10 YR BOND YIELD: 2.982 UP 11 in basis points yield

ITALIAN 10 YR BOND YIELD 3.484 UP 12 points in basis points yield ./ THE ECB IS QE’ ING ITALIAN BONDS (BUYING ITALIAN BONDS/SELLING GERMAN BUNDS)

GERMAN 10 YR BOND YIELD: 2.2795 UP 9 BASIS PTS

END

IMPORTANT CURRENCY CLOSES FORM   MONDAY  

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

Euro/USA 1.0847 DOWN .0014 OR 14 basis points

USA/Japan: 150.11 UP 0.739 OR YEN IS DOWN 74 BASIS PTS//

Great Britain 10 YR RATE 4.1570 UP 5 BASIS POINTS //

Canadian dollar DOWN .0037 OR 37 BASIS pts  to 1.825

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The USA/Yuan,  CNY ON SHORE CLOSED DOWN 7.1125 (ON SHORE)  

THE USA/YUAN OFFSHORE:    (YUAN CLOSED (DOWN)…. (7.1279)

TURKISH LIRA:  34.24 EXTREMELY DANGEROUS LEVEL/DEATH WATCH/HYPERINFLATION TO BEGIN.//

the 10 yr Japanese bond yield  at +0.960

Your closing 10 yr US bond yield UP 6 in basis points from FRIDAY at  4.146% //trading well ABOVE the resistance level of 2.27-2.32%)

 USA 30 yr bond yield  4.456 UP 7 in basis points  /11:00 AM

USA 2 YR BOND YIELD: 4.004 UP 5  BASIS PTS.

GOLD AT 11;00 AM 2738.50

SILVER AT 11;00: 34.06

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

London: CLOSED DOWN 40.01 PTS OR 0.48%

German Dax :  CLOSED DOWN 196.18 OR 1.00%

Paris CAC CLOSED DOWN 76.82 PTS OR 1.01%

Spain IBEX CLOSED DOWN 843.10 OR 0.71%

Italian MIB: CLOSED DOWN 248.31 OR 0.71%

WTI Oil price  70.54 12 EST/

Brent Oil:  74.02 12:00 EST

USA /RUSSIAN ROUBLE ///   AT:  96.54 ROUBLE DOWN 0 AND  26/100      

GERMAN 10 YR BOND YIELD; +2.2750 UP 9 BASIS PTS.

UK 10 YR YIELD: 4.1570 UP 5 BASIS POINTS

CDN 10 YEAR RATE: 3.203 UP 5 BASIS PTS.

CDN 5 YEAR RATE: 2.958 UP 3

CLOSING NUMBERS: 4 PM

Euro vs USA 1.0813 DOWN 0.0050 OR 50 BASIS POINTS

British Pound: 1.2979 DOWN 0.0059 OR 59 basis pts

BRITISH 10 YR GILT BOND YIELD:  4.1390 UP 8 BASIS PTS//

JAPAN 10 YR YIELD: 0.962

USA dollar vs Japanese Yen: 150.81 UP 1.00 BASIS PTS// HEADING FOR 160 TO THE DOLLAR

USA dollar vs Canadian dollar: 1.3838 UP 0.0051 CDN dollar DOWN 51 BASIS PTS

West Texas intermediate oil: 70.55

Brent OIL:  74.17

USA 10 yr bond yield UP 11 BASIS pts to 4,187

USA 30 yr bond yield UP 1 BASIS PTS to 4.490%

USA 2 YR BOND: UP 7 PTS AT  4.023

CDN 10 YR RATE 3.250 UP 12 BASIS PTS

CDN 5 YEAR RATE: 3.00 UP 11 BASIS PTS

USA dollar index: 103.83 UP 53 BASIS POINTS

USA DOLLAR VS TURKISH LIRA: 34.25 GETTING QUITE CLOSE TO BLOWING UP/

USA DOLLAR VS RUSSIA//// ROUBLE:  96,80 UP 0 AND  87/100 roubles

GOLD  2,719.50 3:30 PM

SILVER: 33.75 3:30 PM

DOW JONES INDUSTRIAL AVERAGE: DOWN 344.31 PTS OR 0.80%

NASDAQ UP 37.43 PTS OR 0.18%

VOLATILITY INDEX: 18.54 UP .51 PTS OR 2.83%

GLD: $251.22 DOWN .05 OR 0.02%

SLV/ $30.64 UP 1.75 OR 6.06%

TORONTO STOCK INDEX// TSX INDEX:DOWN 99.21 PTS OR .40%

end

USA AFFAIRS

USA TRADING TODAY IN GRAPH FORM:

Bonds & Bitcoin Dump, Dollar & Crude Jump As Leading Economic Index Hits 8 Year Lows

Monday, Oct 21, 2024 – 04:00 PM

The day started off with a slow and gentle selloff in equity futures overnight and then US Leading Economic Indicators  tumbled to their lowest since 2016 (with ironically and reflexively, only stock returns holding the index above some very ugly levels)…

Source: Bloomberg

…but interestingly, STIRs ignored it and shifted more hawkishly (with the market now pricing in just a 50% chance of a second rate-cut this year)…

Source: Bloomberg

Gold and crypto prices surged early on but ended up being dumped. Crude and bond yields moved higher together along with the dollar as prediction markets and polls pull increasingly towards Trump…

Source: Bloomberg

But, Goldman’s Chloe Garber summed up the day well: Sell everything to buy NVDA which is propping up the S&P by 60bps…

Source: Bloomberg

Coming into today, HFs had been buying equities for 6 straight sessions, that streak will end today as our desk is seeing the highest sell skew from HFs since 9/30.

Small Caps were the biggest losers (the most yield sensitive) while Nasdaq desperately clung to unchanged. The Dow lagged the S&P 500…

‘Most Shorted” stocks were monkeyhammered lower on the day…

Source: Bloomberg

Tech and Energy managed to eke out gains on the day while Real Estate stocks were clubbed like a baby seal as rates ripped higher…

Source: Bloomberg

VIX pushed back above 19 intraday…

Source: Bloomberg

Another day, another bloodbath in bond-land (with yields up 7-10bps across the curve). Non-stop selling pressure from the European open…

Source: Bloomberg

2Y yields are back above 4.00%…

Source: Bloomberg

…and 10Y yields back at 3mo highs, perfectly testing its 200DMA…

Source: Bloomberg

The dollar rallied once again to the highest since August 1st…

Source: Bloomberg

Gold surged to a new record high this morning before someone decided to pull the rug…

Source: Bloomberg

Silver continued to outperform Gold today

Source: Bloomberg

WTI rallied back above $70 today, erasing Friday’s losses…

Source: Bloomberg

Bitcoin rallied up to $69,500 before tumbling back to $67,000 today…

Source: Bloomberg

Finally, the event risk ‘lump’ is becoming more and more clear for that first week of Nov…

Source: Bloomberg

But, as Goldman Sachs Brian Garrett notes the implied move for the US presidential election stands at 2%…

“This is the lowest reading since we began tracking the excess variance…

I would start to argue this is perhaps getting a little too low.”

Source: Goldman Sachs

There are ten full trading sessions left between now and election day – do you feel lucky?

MORNING TRADING/

AFTERNOON TRADING///

II USA DATA

END

III USA ECONOMIC NEWS

The $100 Trillion Global Debt Bomb And Financial Shock Risk

Monday, Oct 21, 2024 – 01:45 PM

Authored by Daniel Lacalle,

This week, the IMF stated that “our forecasts point to an unforgiving combination of low growth and high debt, a difficult future,” emphasizing that “governments must work to reduce debt and rebuild buffers for the next shock, which will surely come, and maybe sooner than we expect.”

This advice comes with a warning. At the current rate of spending, the US debt to GDP will reach 198% by 2050 even without expecting a recession. The G-7 public debt to GDP is expected to soar to 188%; the global figure would rise to 122%. Only one country will reduce debt. The IMF expects Germany to reduce its debt from 63.5% to 42%. In the case of Japan, the IMF expects public debt to reach a staggering 329%. The IMF’s Fiscal Monitor informs that public debt levels will reach $100 trillion in 2024, driven by China and the US.

Very rarely do governments follow the IMF’s advice. Governments only listen when the advice is to spend more. However, when it comes to saving and cutting expenditures, governments quickly perceive the IMF as a malicious organization.

The IMF’s 2020 messages bear some responsibility for this fiscal crisis. In its Annual Report 2020, “A Year Like No Other,” they wrote: “Governments around the world have undertaken major fiscal and financial measures to provide lifelines to people and firms. Such rapid expansions in the role of the government, however, create opportunities for corruption, as past crises have shown. This means governments need to control and oversee emergency fiscal and financial measures. The IMF’s advice has been to spend whatever it takes but keep the receipts.” Which part of the IMF’s advice did governments around the world adopt? Yes, the “spend whatever it takes.” And they did. They still do. In fact, many governments have consolidated and increased the extraordinary expenditure programs of 2020, expanding their role in the economy and increasing deficit spending during a period of economic growth.

One of the fastest growing debt burdens is the United States one. Over the next five years, the IMF anticipates an annual increase in public debt to GDP of nearly three percentage points. It is important to note that the IMF does not foresee a crisis or recession, so this will happen in a growth and job-creation environment.

Governments will disregard any of these recommendations. As I said before, governments only listen to the IMF when it recommends increasing public expenditures and blame the organization when it comes to reducing debt.

No interventionist government will reduce spending, particularly when central banks are lowering interest rates. Even worse, many statistical bodies in the eurozone have massively upgraded the GDP of the past, and their policymakers have used this statistical revision to accommodate more spending, more debt, and more taxes.

The IMF explains in its blog entry, “How High Economic Uncertainty May Threaten Global Financial Stability,” that the risks of a financial shock are rising, as complacency about debt meets the risk of a significant slump in economic growth. As usual, the tone of the article is diplomatic and assumes that governments are going to be fiscally prudent and build cushions to avoid a financial shock. Unfortunately, the IMF authors are too optimistic. The pandemic paved the way for record global fiscal irresponsibility. Every government believes that they will solve their problems by increasing taxes to the wealthy and to large corporations, the oldest and most ludicrous excuse in fiscal policy.

If you believe that the wealthy and large corporations are going to pay $100 trillion in higher additional taxes in the next ten years, you have a problem with mathematics and with history.

The idea that central banks will implement aggressive easing measures when things turn ugly is familiar to governments, and they will push the limits of fiscal policy. However, governments seem indifferent to the devastation this policy is causing the middle class.

The $100 trillion fiscal timebomb means lower growth, lower real wages, financial repression, and destruction of the currencies’ purchasing power in the future. Governments will not pay attention to the IMF because they will use the next shock to increase the size of government in the economy even further under the excuse of another “emergency.”

NANTUCKET MASS.

Nantucket Residents Rattled By Arrest Of 5 Illegal Immigrants For Violent Sex Crimes

Sunday, Oct 20, 2024 – 08:10 AM

Authored by Allan Stein via The Epoch Times (emphasis ours),

The 30-mile journey by high-speed ferry from Hynannis to Nantucket Island takes about an hour over idyllic waters off the geographic elbow of Cape Cod in Massachusetts.

Nantucket Harbor in early October is as pretty as an autumn postcard as the boat pulls into the slip. A line of passengers disembarks, many of them with satchels, duffel bags, and rolling suitcases, to board taxis in the parking lot.

The famed cobblestone streets, restaurants, shops, and art galleries in the town center begin to fill up at 11 a.m., even as the tourist season winds down.

Nantucket Island is still at its finest with turning leaves and colonial charm. It is a place where homes sell for millions and pristine beaches draw thousands each year. It is both a town, a county, and a voting district.

Celebrities like Oprah Winfrey, Steven Spielberg, Tom Cruise, Kevin Costner, and Jennifer Lopez own property here. The island peaks at more than 80,000 visitors in July and August, but the number drops to 14,000 permanent residents in the off-season.

Some residents consider Nantucket Island their tiny paradise and the last place you would expect to see the illegal immigration crisis play out.

September was an especially tough month for the community, as federal agents arrested five undocumented male immigrants on charges related to violence and sex crimes.

“I think people are getting really tired of it,” said Toby Brown, chairman of the Nantucket Republican Town Committee of illegal immigration.

“Nantucket is a very liberal island. Many want to say it was only five people—but it’s not. It’s way more than five. If there’s five, you know there’s going to be 10.”

Brown said many Nantucket Island residents were surprised when U.S. Immigration and Customs Enforcement (ICE) agents arrived in early September to make the arrests.

Many people refuse to talk about the arrests or the illegal immigration problem because they are afraid of being called racist, he said.

All five men had entered the country illegally and settled on Nantucket Island under the state’s radar; most had been arrested on sex charges early this year and were out on bail or personal recognizance.

On Sept. 12, Enforcement and Removal Operations (ERO) Boston officers arrested Angel Gabriel Deras-Mejia, 30, a known MS-13 gang member from El Salvador in Nantucket.

Local police arrested Deras-Mejia on two counts of assault and battery against a household member and disorderly conduct stemming from incidents on July 21 and Aug. 24.

Deras-Mejia unlawfully entered the United States, “then made his way to Massachusetts, to apparently commit crimes of violence,” according to ERO Boston Field Office Director Todd M. Lyons in a statement.

“To make matters worse, Deras-Mejia is a documented member of a notorious transnational criminal organization (MS-13) and represents a significant threat to the residents of Nantucket.”

Lyons said that Deras-Mejia entered the country “on an unknown date, at an unknown location, without being inspected, admitted or paroled by a U.S. immigration official.”

Felix Alberto Perez-Gomez, 41, from Guatemala, is charged with indecent assault and battery on a person age 14 or over; Elmer Sola, 49, from El Salvador, is charged with 11 sex offenses against a child; Gean Do Amaral Belafronte, 30, who is from Brazil, is charged with indecent assault and battery on a person 14 or over; and Bryan Daniel Aladana-Arevalo, 28, a Salvadoran, is charged with two counts of indecent assault and battery on a child under 14.

Manuel Figueroa Vega, 30, immigration status unknown, is being held on $100,000 bail on two counts of aggravated rape of a child with a five-year difference. Local police say the incidents allegedly occurred on July 23 and 25 at a Nantucket residence.

Dialog Lacking

Brown said the arrests have put a bad spotlight on Nantucket Island as a community dealing with violent crime due to illegal immigration.

“We can’t run away from it. We can’t be afraid to talk about real issues in our community with the fear of being considered bad [people],” Brown told The Epoch Times.

“My message is clear: it’s about keeping our community safe.”

Brown said the problem starts at the federal level, that the open borders policy of the Biden administration has allowed hundreds of thousands of people to enter the country illegally and without being checked.

In a March 13 letter to U.S. Rep. Tony Gonzales (R-Texas), ICE said it had 662,556 “noncitizens with a criminal history” on its national list.

Of those, 435,719 are convicted criminals and 226,847 have criminal charges pending, ICE said.

The American Immigration Council, a pro-immigration advocacy group, disagrees with claims that illegal immigration brings crime.

“The scapegoating of ethnic and religious minorities is well-trod historical ground in the United States, and immigrants have always made for an easy target,” the organization said on its website. 

“Today, some politicians are peddling the same, tired myth, this time of a ’migrant crime surge’ among immigrants who recently arrived in the country.”

The group added that a “robust body of research shows that welcoming immigrants into American communities … does not increase crime, but can actually strengthen public safety. 

“In fact, immigrants—including undocumented immigrants—are less likely to commit crimes than the U.S.-born. This is true at the national, state, county, and neighborhood levels, and for both violent and non-violent crime.”

The organization said that even though the immigrant population had more than doubled to 13.9 percent since 1980, the crime rate had dropped by 60 percent to 2,335 crimes per 100,000 people by 2022.

‘Enabling Immigrant Crime’

Brown said he thinks that Massachusetts Gov. Maura Healey, who is a Democrat, has enabled illegal immigrants, some with criminal backgrounds, to seek sanctuary in the Bay State and costing taxpayers billions to support them.

ERO Boston jumped into action in September, making a number of arrests, including a 50-year-old Salvadoran man in Tisbury, Massachusetts, wanted by authorities in El Salvador for “crimes against humanity.”

“This Salvadoran fugitive is wanted by authorities in his native country to face some extremely serious and disturbing allegations,” said ERO Boston acting Field Office Director Patricia H. Hyde in a statement.

“He attempted to hide out in Massachusetts and escape the law in his home country. He posed a substantial threat to the residents of Martha’s Vineyard.

“ERO Boston will continue to prioritize public safety in all of our New England communities by arresting and removing egregious noncitizen offenders.”

The Salvadoran fugitive was initially apprehended on Nov. 27, 1994, after he entered the United States illegally near Harlingen, Texas. A judge ordered him deported on June 21, 1995.

The man entered the country again illegally and was caught by ERO Boston on May 18, 2010, and deported a year later.

ICE said the man got back into the United States after Salvadoran authorities charged him with crimes against humanity and human trafficking on July 11, 2011.

The agency reported an unidentified 21-year-old man from Brazil was arrested on Martha’s Vineyard on Sept. 18 on suspicion of drug distribution.

ERO Boston also arrested an unnamed Brazilian man, 36, a fugitive sentenced in Brazil to serve 10 years in prison for a conviction for international drug trafficking.

Federal agents later arrested Gustavo Augusto Mroczkoski, 28, also from Brazil, on Martha’s Vineyard  for alleged drug, firearms, and ammunition crimes.

Border Patrol agents detained Mroczkoski after he illegally entered the country on May 4 near San Luis, Arizona. Authorities released him in July on personal recognizance.

Martha’s Vineyard is about 38 miles northwest of Nantucket and home to 20,530 permanent residents.

In December 2022, Florida Gov. Ron DeSantis sent two planes with 50 illegal immigrants from Venezuela and Columbia to Martha’s Vineyard to protest against the open borders policy.

Democratic politicians said DeSantis was to blame for creating a humanitarian crisis. Authorities eventually took the migrants to a military base, where they received food and shelter.

Crime in a Small Community

The 46-square-mile island of Nantucket has a length of 14 miles and a width of 3.5 miles. Half of it is conservation land, limiting opportunities for housing development.

For nearly a century, Nantucket Island was a major North American whaling port before tourism replaced industry in the late 1880s.

The island’s diverse population and cosmopolitan flavor attract residents and tourists year-round, and many of its inhabitants are recent immigrants from Jamaica and other countries.

The United States Census Bureau reports that 10,159 (70.6 percent) of the island’s inhabitants are white, 2,312 are Hispanic, 1,027 are black, and 264 are Asian.

On Nantucket Island, the median household income is $135,590, with 12,169 total housing units and most home values ranging from $500,000 to more than $1 million.

The Massachusetts Department of Education says that 40.1 percent of the island’s public school enrollment are Hispanic, 44.2 percent are white, 9.6 percent are black, 2.4 percent are Asian, and the rest are of two or more races.

Brown said that illegal immigration often goes undetected.

He said that illegal migrants arrive on the island with family or friends to stay with. Sometimes, this results in overcrowding of private homes and drains local infrastructure and resources.

“It’s a place where if the family has housing, they move in with them. Nantucket is an easy place to hide out,” Brown said.

“The majority of [legal migrants] that come here are good people,” he said. “They want a better life for their family.

“Then you have the bad guys who come. The ones who can’t do it the right way, there’s a reason, because they’re wanted [by the law] in their own country.”

The Nantucket Police Department and Gov. Healey’s office have yet to respond to emails from The Epoch Times asking for comment.

Brooke Mohr, the chairwoman of the Nantucket Selectboard, did not respond to an Epoch Times’ request for comment about plans to address illegal immigration and violent crime.

On Oct. 2, Mohr spoke publicly for 54 seconds about the ICE arrests in September.

“The town of Nantucket Selectboard and municipal administration are aware of the recent arrests made by the U.S. Immigration and Customs Enforcement (ICE) on the island,” Mohr said.

“We recognize that this activity may have been unsettling to many of our residents. It is our understanding that the ICE action was not random but targeted toward the arrest of four known individuals who committed violent crimes on the island of Nantucket.

“Let me clear. We are committed to the safety and well-being of members of our community regardless of their immigration status and are relieved that these offenders have been apprehended by the appropriate authorities and are no longer a threat to our community.

“We stand in support of the victims of these traumatic crimes and their families, and the town will make available any resources and counseling services they might need.”

How Many Criminals?

Christopher Lauzon, a Republican candidate for state senate from Barnstable to represent the Cape and Islands District, said that illegal immigration has been a problem on Nantucket Island for a long time.

“The biggest problem is we don’t know who these people are when they don’t come through the proper channels.

“So you get a situation over the past month on Nantucket where you have these dangerous, really heinous criminals on the island, impacting people in the community.

“Those crimes never would have happened if they hadn’t been allowed to remain in the community.”

Lauzon said most legal immigrants are honest and hard-working and don’t support illegal immigration.

“There are varying levels of understanding of the people who are not here legally,” Lauzon told The Epoch Times.

“Some of them don’t want them here at all; some people are willing to look the other way as long as they’re not committing crimes.

“But the bottom line is anyone who is here illegally, they don’t belong here if they didn’t come through the proper channels.”

A faulty interpretation of the 1983 Right to Shelter Law in Massachusetts by the Healey administration is what makes illegal immigration possible, Lauzon said.

The state created the law initially to help women and families of domestic violence, he said.

“It’s really been misappropriated since Gov. Healey came into office,” Lauzon said.

“We’ve had tens of thousands of migrants coming into the state and getting shelter through that program, which is not what it’s for, which is acting as a magnet to drag more migrants into the state. That really needs to change.”

Lauzon, a father of four, believes that crimes committed by illegal immigrants undermine public safety while illegal immigration robs the community of resources and peace of mind.

State and local officials could do a better job tracking violent offenders, but the response so far has been “limited.”

“It’s a limited response from what I’ve seen. There’s a lot of hesitancy to even comply with ICE—and that’s a statewide issue, not just on Nantucket. A lot of the courts refuse to comply with ICE detainers. It’s a big problem,” Lauzon said.

“People want to claim that these criminals are not in the community. But at least one of those individuals on Nantucket was confirmed to be an MS-13 gang member.

“These people are coming into our country—these dangerous criminals—again, not to say that everyone coming in is that way—but if even one of them is a dangerous criminal, that’s one too many.”

A Father’s Fear

One Nantucket father said he’s worried there are more migrant criminals on Nantucket Island illegally.

“If there’s five, there’s 10. If there’s 10, there’s 15,” the father told The Epoch Times on condition of anonymity.

“How many more on this little island? How come we don’t know more about this issue? We need to be informed of things like this.”

“If we have rapists and murderers in our community, why aren’t we being informed about this? Our police know. Our court systems know. Because they’ve been in court, and they have records.

“Why are we left in the dark when it’s our kids’s health and the well-being of the community?”

“Denial is a good word,” he said.

Not just denial, he added, but fear of speaking out.

“There are also plenty of people who are afraid to speak their minds because it is a small community. Word travels fast. Once some people find out the way you lean, it can affect your livelihood.”

“There are a lot of people who feel the way I do but feel they can’t voice their opinions.”

Some residents say that local businesses, such as landscaping and construction, will hire migrants living on the island illegally and pay them “under the table” to avoid paying taxes and worker benefits or obtaining the required permits.

“Follow the money,” the father said. “These people find out that they can come here, and they can make $30 or $40 an hour and get paid with no questions asked, no repercussions, no issues of licensing or insurance or green cards.”

Several patrons at Nantucket VFW Post 8608 said they didn’t feel any less safe following the ICE arrests.

“If they arrested them, [people] probably feel safer,” said one woman. “Nothing surprises me anymore. It wasn’t a huge invasion. It didn’t disrupt—I didn’t see them.”

“If they do something wrong, the local police will catch them,” another female patron said.

“I’ve lived on Nantucket for 40 years. I’ve never locked my doors,” said another resident, who felt the alleged crimes were essentially family affairs that did not involve legal residents.

But PJ Moody, a resident of Nantucket, said he didn’t think people should be here if they were on the island illegally.

“There should be no illegals, really,” Moody told The Epoch Times.” I think the immigration system is a big problem. It’s really unfair to people that are doing it correctly.

“Let’s start with violent offenders and go from there.”

Moody said that illegal immigration is a national problem, but “it’s one of those things that have been magnified on Nantucket.”

“Nantucket is a very cosmopolitan place. Some so many people have done it the right way,” he said. “Like anywhere, we don’t like violent criminals whether they’re illegal or not.”

END

BIX WEIR

BANKING ALERT! FDIC’s Trial Balloon Bank Collapse! NEW 50% Payment for Uninsured?! (Bix Weir)

The “Unspoken” bailout policy of the FDIC was no bailouts for uninsured depositors. That was until Silicon Valley Bank & Signature Bank failed and they issued 100% bailouts to all uninsured depositors.  

Friday Night a small bank in Oklahoma named The First National Bank of Lindsay was closed with $7.1M in uninsured depositors. Legally, the $7.1M should have been a write-off for the depositor but the FDIC didn’t want to cause a panic so they changed their policy & partially bailed the uninsured depositors! Here’s the statement from the FDIC: 

“For uninsured deposits, the FDIC has announced it will make 50 percent of those funds available to depositors starting Monday, October 21, 2024, with the possibility of increasing that amount as assets from the failed bank are sold.” 

This opens up a huge can of worms for the Future of Bank bailouts by the FDIC. Will they stick with this new 50% rule, uphold the legal language of No Uninsured Bailouts or offer FULL BAILOUTS to all banks like they did with Silicon Valley & Signature Banks? 

My take: this 50% bailout was a trial balloon to see how the public reacts as thousands of banks are ready to fall very soon!

I bet those that got only a 50% bailout will be suing the FDIC for discrimination!!

BANKING ALERT! FDIC’s Trial Balloon Bank Collapse! NEW 50% Payment for Uninsured?! (Bix Weir)

May the Road you choose be the Right Road.

Bix Weir

www.RoadtoRoota.com

end

U.S. budget deficit in fiscal 2024 swells to third-highest level on record

Economists worry about the road ahead, with little talk of deficit reduction from either party

Oct. 18, 2024 at 4:01?p.m. ET

The numbers: The federal budget deficit for fiscal 2024 was $1.8 trillion, up 8% from a year ago, as the government’s spending continued to swamp revenues. The fiscal year ended on Sept. 30.Key details: Spending rose 10% to $6.7 trillion in 2024, the Treasury Department reported, while government revenues rose 11% to $4.9 trillion.

Spending to pay net interest on the public debt rose 34% in 2024 to a record $882 billion.

Total federal government borrowing from the public increased by $2 trillion during the fiscal year, to $28.2 trillion.

Big picture: The fiscal 2024 deficit is smaller only than the deficits in the first two years of the COVID-19 pandemic.

It is unusual for the government to run such large deficits during periods of economic expansion. Federal Reserve Chair Jerome Powell has said the upward trend of the deficit is unsustainable.

But there seems to be little appetite from Republicans or Democrats to discuss deficit reduction.”There’s self-evidently no desire from either campaign to talk about fiscal/debt/deficit at all — and the endless giveaways from either side belie any seriousness about it,” Terry Haines, founder of Pangaea Policy, said in a note to clients.The rising U.S. debt is also seen as one of the biggest risks facing the global economy. Earlier this week, Kristalina Georgieva, the head of the International Monetary Fund, said the global economy was facing a period of low growth and high debt. She urged governments like the U.S. to reduce their spending.The higher debt will also present a challenge for the Fed, said Don Kohn, who was No. 2 at the central bank under former Fed Chair Ben Bernanke.Interest on the debt will be a growing obligation of the federal budget, and both Republicans and Democrats will want lower interest rates so they can fund their favorite proposals, Kohn said in an interview with CNBC on Friday.”It does suggest that the pressure on the Fed is going to be really intense,” he said.The nonpartisan Committee for a Responsible Federal Budget said the deficit was evidence of fiscal mismanagement by both Democrats and Republicans in both Congress and the White House.”We need to put our national debt on a downward sustainable trajectory,” Maya MacGuineas, president of the CRFB, said in a statement.”

Failure to do so will result in a smaller economy, higher interest rates, increased geopolitical threats, generational inequity, and a higher likelihood of a fiscal crisis,” she said.

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

KING REPORT

The King Report October 21, 2024 Issue 7352

Independent View of the News

@charliebilello: It’s now been 8 days since the Treasury was supposed to release their “Monthly Treasury Statement” which details how much the Federal Government is borrowing and spending.     There’s been no explanation. No apology. Complete silence from the Treasury and the mainstream media has given them a free pass. Where is @SecYellen and what is the Treasury department trying to hide? Is this simply government incompetence or is something more nefarious going on? American citizens and taxpayers have a right to know. (Concealing rabid spending ahead of the election?)   @zerohedge Friday night: US budget deficit jumps to 6.3% of GDP in Q3, up from 5.6% in Q2 and the highest in 2024. This is crisis deficit spending which normally corresponds to 7.2% unemployment rate, but in this case, it is meant to put lipstick on the economy in an election year. https://x.com/zerohedge/status/1847407926727541242   US stocks were mixed in early NYSE trading; but Fangs soared on expiry manipulation and Netflix.   ESZs rallied modestly during early Nikkie trading on Friday.  They broke lower at 20:16 ET and made the daily low of 5876.50 at 20:30 ET.  After a rally took ESZs back to unchanged on the day, ESZs waffled between small gains and losses until they broke higher after the 3 ET European opening.   The rally plodded higher until 9:20 ET.  An early dump pushed ESZs down to 5886.50 at 9:34 ET.  Traders then aggressively bought for the Friday and expiry upward bias.  ESZs intractably rallied to 5914.00 at 12:54 ET.  They then fell to 5899.25 at 14:00 ET.  Someone then forced ESZs to 5915.00 at 14:25 ET.  Sellers reappeared; ESZs retreated to 5903.24 at 15:03 ET.  It was time for the manipulation!   But ESZs went inert.  Finally, 5 minutes before the NYSE close, someone pushed ESZs 5 handles higher.  But too many traders were long; ESZs fell 4 handles to 5904.25 at 16:00 ET.   Positive aspects of previous session Fangs soared on expiry manipulation; USZs were +7/32 at the NYSE close.   Negative aspects of previous session The DJIA was soft all session. The expiry rally was lame. Gold and precious metals rallied smartly.   Ambiguous aspects of previous session Are stocks tired?  They acted that way on Thursday afternoon.   First Hour/Last Hour Action [S&P 500 Index]: 1st Hour from NYSE Open: Down; Last Hour: Down   Pivot Point for S&P 500 Index [above/below indicates daily trend to traders]: 5860.98 Previous session S&P 500 Index High/Low: 5872.17; 5846.11   @JerryDunleavy: Dem Sen. Tim Kaine says the U.S. should only be giving Israel “defensive weapons” to help shoot down Iranian drones or missiles from Hezbollah. Kaine says the U.S. providing Israel with “offensive weapons” would just be “adding more gunpowder to a tinder keg.” https://t.co/WPNAVMjyqT   Kamala Harris publicly agrees with protestor accusing Israel of genocide: ‘What he’s talking about, it’s real’ https://trib.al/5BSTqkn   @RNCResearch: Biden is in Berlin today — he just doesn’t know it. (This is what Kamala covered up) [Staff pushes out media] https://x.com/RNCResearch/status/1847282529021145335   Trump accuses Biden of trying to ‘hold back’ Netanyahu after Israel’s killing of Hamas leader Yahya Sinwar https://trib.al/15i9UVP   Biden demanded a ceasefire in Gaza.  Both Israel and Hamas on Saturday said the war will continue.    Drone hits Netanyahu’s home as Hezbollah rockets target northern Israel https://www.aljazeera.com/news/2024/10/19/drone-hits-netanyahus-home-as-hezbollah-rockets-target-northern-israel   Benjamin Netanyahu – בנימין נתניהו (@netanyahu) on Sat: The attempt by Iran’s proxy Hezbollah to assassinate me and my wife today was a grave mistake… Israel is determined to achieve all our war objectives and change the security reality in our region for generations to come… https://twitter.com/netanyahu/status/1847686585552134536?s=02   Team Obama’s plan to ascend Iran and debase Israel is imploding!  We thought Bibi would wait until after the US election to strike Iran to avoid harming Obama-Harris-Biden.  But now, look out! Leaked documents show US intelligence on Israel’s plans to attack Iran… CNN The US is investigating a leak of highly classified US intelligence about Israel’s plans for retaliation against Iran… https://www.cnn.com/2024/10/19/politics/us-israel-iran-intelligence-documents   @BenTelAviv: The U.S. intelligence community spied on Israeli Air Force bases this week with imaging satellites and wiretaps, and then the top-secret intelligence reports — from two separate intelligence agencies — were immediately leaked to the press and on a pro-Iran Telegram channel.  This is what you do to your very worst enemies… This is a massive security and intelligence failure, and an unforgivable breach of trust by the United States and the Biden-Harris administration.   @omriceren: In 2012 Obama-Biden officials leaked details of an Israeli plan to attack Iran’s nuclear infrastructure, making the attack impossible. They were and are more comfortable with an Iranian nuke than Israeli action. They’ve been at this for a very long time.  (Story at link) https://t.co/xhdLp32dO8   Did some Obama-Biden Iran lover leak the top-secret plan to halt Israel’s retaliation?  Now we know why Bibi has increasingly not shared Israel plans with the US.    China’s Xi calls for troops to boost their war preparedness (Kamala vs. Xi, discuss) https://timesofindia.indiatimes.com/world/china/chinas-xi-calls-for-troops-to-boost-war-preparedness/articleshow/114371792.cms   Nearly 800,000 New Yorkers collected welfare checks last fiscal year — most in decades https://trib.al/Fw8GJaM   Today – Traders will play for the Monday and earnings season rallies.  As we keep harping, Team Obama-Harris is juicing the economy with massive spending and debt for the election.  The Fed is also in thwart Trump mode; and traders are beyond irrationally exuberant.  It’s all systems ‘go’ until the election.   ESZs +6.50 and NQZs are +28.00 on Monday night buying while USZs are -10/32 20:35 ET.   Expected econ data and events: Sept LEI -0.3%; Dallas Fed Pres Logan 8:55 ET, Minn Fed Kashkari 13:00 ET; Expected impact earnings: none   S&P Index 50-day MA: 5643; 100-day MA: 5544; 150-day MA: 5421; 200-day MA: 5307 DJIA 50-day MA: 41,533; 100-day MA: 40,489; 150-day MA: 39,961; 200-day MA: 39,569 (Green is positive slope; Red is negative slope)   S&P 500 Index (5864.67 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 5484.16 triggers a sell signal Daily: Trender and MACD are positive – a close below 5780.31 triggers a sell signal Hourly: Trender and MACD are positive – a close below 5833.33 triggers a sell signal   Atlas Intel, the best national vote pollster for 2020, on Saturday had Trump +3.1 on the national vote.  Hillary won the national vote in 2016 by 2.1 and lost the electoral vote by 77. https://t.co/NOXCRQN7wU   Rasmussen Reports (@Mark_R_Mitchell): Say it with me – “The narrative leads the polls.” It’s been 11 days since “warning signs” appeared for the Harris campaign. Now all the polls are inexplicably moving right by 3-7 points!!   ABC NEWS: The early vote shows a 10-point swing towards Republicans in the battleground states of FL, GA, MI, NC, PA, VA, and WI   https://x.com/ElectionWiz/status/1848010501231431841   Early voting started last week in numerous states.  Republicans are trumping Democrat voters in early voting, and even some mail-in voting.  If Trump and GOP sweep in 2024, it will be due to GOP efforts over the past few years to register voters and procure ballots.  Yes, Virgina, for the first time ever, the GOP has a significant ‘ground game.’   Kamala Harris, who has concealed her angry side for months, is now releasing it.  Didn’t her campaign claim that she is running on “joy?”  https://x.com/joma_gc/status/1847029435087855943   Kamala Harris’ treatment of staff under scrutiny as reports of poor office culture resurface Government watchdog reports Vice President Harris’ office has nearly 92% staff turnover rate https://www.foxnews.com/politics/kamala-harris-treatment-staff-under-scrutiny-reports-poor-office-culture-resurface   How Democrat Lawfare Launched Trump’s Comeback: The legal war meant to end his political career actually revived it.  https://t.co/2L8X0U7wsV   It’s gotten so bad for Team Obama-Harris that Democrats are running ads that claim support for Trump and/or his policies.    Democrats in tight Senate races run ads touting their work with Trump Campaign ads for Rep. Elissa Slotkin in Michigan, Sen. Sherrod Brown in Ohio, Sen. Bob Casey in Pennsylvania, and Sen. Tammy Baldwin in Wisconsin focus on the Democratic candidates’ alliance with Trump or his policies, implying that aligning with the former president may benefit their campaigns more than siding with Democratic presidential nominee Kamala Harris… https://justthenews.com/politics-policy/elections/democrats-running-senate-battleground-states-align-trump-his-message-ads   Democrat Sen. Bob Casey bucks Biden on fracking, touts support for Trump’s China tariffs in new ad https://trib.al/Qw2ZLHM   @TrumpWarRoom: ANOTHER ONE: Radical leftist Tammy Baldwin is also tying herself to President Trump in her latest ad — without mentioning Kamala at all. She knows Wisconsin is TRUMP COUNTRY! https://x.com/TrumpWarRoom/status/1847289736546635911   Trump went savage on his political opponents at the Al Smith Dinner.  Kamala sent a video; it was a bust.   @JackPosobiec on Friday: WH official: “The Al Smith dinner is hitting like a bad hangover this morning, K was too upset to watch it live so she *tried* to catch up just now, but stopped after the Nanny joke, it’s already a don’t talk to her kind of day and it’s not even 9am.”   @joma_gc on Friday: Major drama within the Kamala Harris campaign this morning. A source reveals that Harris screamed at and angrily berated her campaign manager Julie Chavez for over 30 minutes on the phone this morning. The source shares that Chavez advised Kamala not to attend the Al Smith dinner because it could send the wrong message and risk alienating LGBTQ and pro-abortion voters if she was seen cozying up to Catholics.     Instead, Chavez suggested a compromise of sending in the poorly-received video in lieu of an in-person appearance.  Chavez was in tears during the phone call as Kamala shred her to pieces, called her an idiot, inept, horrible at your f-ing job, and told her that her stupid advice is going to be the reason she loses.  The joy is gone… She got the job because she’s Cesar Chavez’s grandaughter…     Critics drag Harris for ‘cringe’ pre-recorded video aired during Catholic charity dinner Critics of Harris called her pre-recorded Al Smith dinner video ‘historically bad’     The video also featured comedian Molly Shannon as she reprised her “Saturday Night Live” character Mary Katherine Gallagher, a quirky Catholic student…     Shannon’s character advised Harris to not “say anything negative about Catholics,” before asking her: “Does it bother you that that Trump guy insults you all the time? Because it really bothers my friends and me.” “Oh, Mary Katherine, it’s very important to always remember. You should never let anyone tell you who you are. You tell them who you are,” Harris said… https://www.foxnews.com/politics/critics-drag-harris-cringe-pre-recorded-video-aired-during-catholic-charity-dinner   Trump’s top barbs at the Al Smith Dinner “I was shocked when I heard that Kamala was skipping the Al Smith dinner. I’d really hoped she would come because we can’t get enough of hearing her beautiful laugh.”      “I hear that Kamala and her husband carve out some really beautiful alone time at the end of the day for an intimate dinner. Just Doug, her, and the teleprompter.”      “I don’t think Kamala has given up yet. Instead of attending tonight, she’s in Michigan receiving communion from Gretchen Whitmer.”      “I know Kamala is worried because she spends a lot of time complaining I won’t agree to another debate. But… I’ve debated twice this year. Once against Joe Biden and once against David Muir.”      “There’s a group called “White Dudes for Harris”… but I’m not worried about them at all, because their wives and their wives’ lovers are all voting for me.”     “I better hurry up.  New York City has reserved this room for a group of illegal immigrants.”      “Chuck Schumer is here looking very glum… Chuck, considering how woke your party has become, if Kamala loses, you still have a chance to become the first woman president.”      “Unfortunately, Governor Walz isn’t here himself. But don’t worry, he’ll say that he was.”     “I used to think Democrats were crazy for saying that men have periods. But then I met Tim Walz.”      “The fact is, we need new leadership in this country. Right now, we have someone in the White House who can barely talk, barely put together two coherent sentences, who seems to have the mental faculties of a child…has not intellect at all… But enough about Kamala Harris.”   @ClayTravis: Whoever told Kamala not to do the Al Smith dinner should be fired. These Trump joke clips will spend the next week going viral with younger voters on social media. Trump isn’t just going to win; he may well win the popular vote too. She’s in deep trouble.   Trump ended his routine with: “Having recently survived two assassination attempts, I have a fresh appreciation of how blessed we are by God’s Providence and his divine mercy — With God’s help, I know there is nothing that cannot be achieved…”   @greg_price11: Jim Gaffigan just roasted Kamala Harris for skipping the Al Smith dinner: “She did find time to appear on The View, Howard Stern, Colbert and the longtime staple of campaigning, the Call Her Daddy podcast.”   Comedian Jim Gaffigan’s scorching takedown of Dems at Al Smith Dinner goes viral: ‘Murder of an entire political party’ https://nypost.com/2024/10/18/us-news/comedian-jim-gaffigans-takedown-of-kamala-harris-at-al-smith-dinner-goes-viral/   @ClayTravis: Here is Trump’s entire roast tonight… It’s phenomenal. https://t.co/sSyuAs6MAD   @JackPosobiec on Thu: WH official, “Lots of mega donors currently at the dinner are texting campaign leaders, asking them if losing was always the plan, like in a serious way.”   Why just mock and offend Catholics when you can offend and mock Christians in general?! @ScottPresler: At a Kamala Harris rally in Wisconsin, an attendee shouted, “Jesus is Lord.”  Kamala responded, “Oh, you guys are at the wrong rally…”  It was instinctual & w/o hesitation. (This went viral on social media! And it’s going to leave a mark!)  https://x.com/ScottPresler/status/1847383772985168105   Inexplicably, Team Obama-Harris is trying to big deal out of Trump complaining that there was no Teleprompter at the Al Smith Dinner.  This just draws attention to Biden and Harris’s Teleprompter dependency and addiction – plus Joe’s struggle to read Teleprompters.   @KamalaHQ: Trump, who is struggling to read his handler-written jokes, complains about not being allowed to use a teleprompter. https://t.co/Z5oAMEHAm4   @ianmSC: It was part of the Democratic National Convention that billionaires are the root of all evil and must be stopped, and then they put Mark Cuban out on the campaign trail.  Imagine how easy it would be to call out this hypocrisy if the media even remotely cared about it.   @amuse: The Harris campaign is blaming Mark Cuban for suggestion the blasphemous SNL skit in lieu of a respectful message to the Al Smith attendees. Catholics are seething.   Kamala Harris makes a brutal gaffe in speech to Wisconsin voters: ‘I stood up to veterans’ Some in the crowd appeared to groan, while others laughed at the blunder… https://t.co/JUlQ7ekVvF   @DrewHLive: Yes, it’s real, these are direct screenshots from my email (Harris- Walz email that admits if the election were today, we would lose; but we have 19 days to fight.) https://t.co/rX8psU1PLE   Dem-friendly Politico: Harris went to Detroit to appeal to Black voters. They’re still skeptical. The marquee event with “The Breakfast Club” co-host, also included a separate exclusive watch party at a Black-owned speakeasy for 100 or so insiders. But it didn’t seem to register with Detroiters outside the carefully stage-managed campaign bubble… https://www.politico.com/news/2024/10/18/kamala-harris-detroit-black-voters-00184308   @KamalaHQ: Trump abruptly ends his live interview after it is reported that he is canceling interviews because he is “exhausted”: “Off the record, I gotta get going.” https://x.com/KamalaHQ/status/1847295800436474125      @Heminator: Dan Bongino who did the interview confirms this is a complete lie, and it’s astonishing how often Kamala’s official accounts spread blatantly false information, while Dems scream about the need to censor people for misinformation.      @dbongino: BULLS**T. He stayed LONGER than planned and signed a baseball and other items for charitable hurricane relief for another 10 mins afterwards… Lying pieces of s***.   @CortesSteve: CNN’s election data analyst explain why President Trump is on the verge of winning and Democrats are in full-blown panic mode with 18 days until Election Day: “Donald Trump is more popular now than at any point in 2016 or 2020.   https://x.com/CortesSteve/status/1847326276350050671   @joma_gc on Friday: The Harris-Walz campaign originally planned a rally today at Van Andel Arena in Grand Rapids, Michigan with a capacity 12,000.  Due to lack of interest, the venue was changed to a small public park where dozens of people have been bussed in. The coconut palms have withered. (pic at link) https://x.com/joma_gc/status/1847342683599126916   @TrumpWarRoom Friday: Reporter: “What does generational change mean to you?” Kamala: “I think it’s about a state of mind and it is about understanding that we should be focused on this moment and this is a very particular moment where there is a lot of happening in our country that is about innovation.”  https://x.com/TrumpWarRoom/status/1847366369056076158   Kamala did her angry woman routine in Michigan, screaming that Trump ‘should never again, never again be president.’  The joy is gone!  https://x.com/TrumpWarRoom/status/1847354690952200616   Out of desperation, Team Obama-Harris now has Kamala channeling Hillary Clinton.  A key reason Trump won in 2016 was most Americans disliked the snarling Hillary more than the nasty DJT.   @DavidJHarrisJr: Trump just absolutely eviscerated Kamala: Reporter: Kamala says you’re “exhausted” and that’s why you’re canceling events?  Trump: “What event did I cancel? She doesn’t go to any events. She’s a loser. She didn’t even show up for the Catholics last night. It was insulting…” https://x.com/DavidJHarrisJr/status/1847419893274095646   On Friday, Kamala made ad hominin attacks on Trump, calling him ‘exhausted’ and ‘unhinged.’   On Friday night, Trump posted, “Is she drunk?” in response to Harris’s bizarre outburst at a rally in Detroit on Friday.  Kamala: “Shout your own name for a minute.  That’s what I’m talking about!  It’s about you!  It’s about your family.  It’s about you!  That’s what I’m talking about.” (mucho cackling) https://t.co/N6XDlQoN1c   WTH? Kamala Harris Sounds Blitzed at Campaign Rally in Atlanta with Usher https://www.thegatewaypundit.com/2024/10/wth-kamala-harris-sounds-blitzed-campaign-rally-atlanta/   At a Harris rally in Wisconsin, another speaker treated the audience like they were preschoolers. “I’m gonna sing it.  Let’s try something different.  Just three syllables, right.  I got another word with three syllabled. It’s Ka-Ma-La…” https://x.com/DrewHLive/status/1847552878896165335   @redsteeze: Dems infantilizing their voting base is a trend that should be studied for years. These people act like their followers are second graders and there are a few reasons why but holy hell if this isn’t one of the best examples of it.   Elon Musk in PA views (5.3m) vs. Harris views (234k) in MI views on Friday https://t.co/Iksu2RIm90   Pop star Lizzo ripped online after saying ‘the whole country will be like Detroit’ if Kamala wins https://t.co/sNkNncUYSN   After Harris, Obama, and Dem media stooges spent Friday and early Saturday accusing Trump of being ‘exhausted’ and unfit, Kamala Harris bolted her big Detroit bash after speaking for only 6.5 minutes of what reportedly was supposed to last an hour.  You can’t make this up!   @joma_gc: Kamala Harris was slated to speak for an hour today at her Detroit rally but cut back her remarks to 6 minutes and 27 seconds. She sounded hoarse, looked pale, and was moving lethargically…     It’s concerning. You could tell the audience members who were probably waiting all morning were shook, like ummm, that’s it? (Did Harris projection her exhaustion onto DJT?)   @TrumpWarRoom on Sat: Kamala — exhausted and spiraling as she caves under the pressure of losing — was on stage in Detroit for six minutes and 36 seconds. President Trump was on stage in Detroit for one hour and 27 minutes last night. https://t.co/etWOTObrst   In a sign of abject desperation and ignorance, Team Obama-Harris has enlisted Liz Cheney to campaign with Kamala Harris in swing states.   New ‘insulting’ Harris ad target’s Black men’s love lives “New Harris/Walz ad tells black men that women will reject them if they don’t vote,”… “Democrats continue to dehumanize and insult black men and try to shame and pressure them into only voting for them,” one user wrote…  https://www.foxnews.com/politics/new-insulting-harris-ad-targets-black-mens-love-lives   Trump makes fries at Philadelphia McDonald’s: ‘I’ve now worked for 15 minutes more than Kamala’ – Trump put on an apron, made and served french fries to reporters and customers at a Philadelphia McDonald’s Sunday afternoon https://www.foxnews.com/politics/trump-makes-fries-philadelphia-mcdonalds-ive-now-worked-15-minutes-more-than-kamala   On Saturday, at a rally in Latrobe, PA, Arnold Palmer’s hometown, Trump injected a gratuitous and puerile remark about the golfing great’s anatomy.   WHY?  To act cool? To entertain the crowd?  It didn’t change one vote, but it allowed the media to slam DJT on Sunday talking head shows and divert attention from the key issues, which are killing Harris.  We will be gratefully relieved when DJT is gone from the political stage and the likes of DeSantis, Vance, and Hawley lead the GOP.   With DJT gone, the Dems have no message except for the woke stuff, which is killing them.  Dems and the MSM have run on Trump hate for almost 10 years.   That crutch will be gone in two weeks!   The MSM is going berserk because it sees Trump winning.  So, their attacks are desperate and risible.   The NYT’s Anne Applebaum: Trump is talking like Hitler, Stalin, and Mussolini     @ggreenwald: When you spend 8 years calling a person every bad name you can think of — including Hitler — only to see that it’s not working, so you desperately decide the only thing left for you to do is call him all the bad names at once:   The NYT’s Maureen Dowd slammed Cardinal Dolan for allowing Trump to speak at the Al Smith dinner.   The only big advantage Dems have now is the ‘government dependency’ vote: those that receive entitlements, paychecks, or business from the government.  (The basis of the Chicago Dem Machine.)   @ianmSC: You could not pick three worse people to answer why Democrats are losing the male vote than Mark Cuban, Joe Scarborough and David Hogg. https://x.com/ianmSC/status/1847496047183933758      @AuronMacintyre: It’s like watching three Beverly Hills hairdressers trying to figure out what straight men like and coming to the conclusion they want musicals about baseball.   GOP Rep. @mtgreenee: CHECK YOUR BALLOTS GEORGIA! Reports from Whitfield County, GA that Dominion machines are flipping votes. This is exactly the kind of fraud we saw in 2020 and it cannot be tolerated. I will be working to investigate this issue and ensure the integrity of our elections in Georgia. https://x.com/mtgreenee/status/1847361255415460148   @ABC: Mitch McConnell said after the 2020 election that then-Pres. Trump was “stupid as well as being ill-tempered,” a “despicable human being” and a “narcissist,” according to excerpts from a new biography of the Senate Republican leader. Read more: https://t.co/QCBXWTwriM   Axios: McConnell backed Jack Smith, wanted Trump to “pay” for Jan. 6 McConnell went so far as to ask former House Speaker Paul Ryan to set up a secret meeting in 2022 for McConnell to share some of his concerns with Fox founder Rupert Murdoch and his son Lachlan.   “I don’t think Murdoch has been in love with Trump for a long time,” McConnell told Tackett… https://www.axios.com/2024/10/20/mcconnell-trump-jack-smith-jan-6th-indictment   @wideawake_media: BBC: “…You changed the Covid misinformation labels… Why do that?” Musk: “… I’m talking about the BBC misinformation about Covid… Does the BBC hold itself at all responsible for misinformation regarding masking, and side effects of vaccinations… and the BBC was put under pressure by the British government to change editorial policy? ” BBC: “Let’s talk about something else.”  Musk: “You didn’t expect that.” https://x.com/wideawake_media/status/1847235957042372615   The MSM is used to bashing Republicans and receiving little pushback.  Weak Republicans dissembled, backtracked, and cowered when the media attacked or challenged them.  Now, the likes of Trump, DeSantis, Vance, and Musk not only return fire, but they also attack the MSM’s soft tissue.   ELON MUSK: “I think teaching kids critical thinking is very important. It’s a mental firewall. Teach them the types of fallacies and forms of trickery they’re likely to encounter. Immunize kids against propaganda. Basically, teach kids to be skeptical about what they’re told.” https://x.com/elonmusk/status/1847485993714078071   @ConradsonJordan: Reuters/Ipsos Arizona Senate Race Poll Doesn’t Even Include Kari Lake’s Name to Skew Results in Democrat’s Favor  https://x.com/ConradsonJordan/status/1847385132912836831   Deion Sanders accuses Obama of ‘playing political games’ by picking Arizona to beat Colorado https://t.co/v5X6o3putW   @BrittRooted: Michigan’s voter rolls list 8.4 million registered voters, nearly 500,000 more than the eligible voting population. State says it’s no issue. https://t.co/OyxVdkTrMb   North Carolina County Democratic Chair Resigns After Removing Trump Campaign Signs https://t.co/ZT3oi8evSp   @GrrrGraphics: Funny how the MSM has stopped covering the hurricane devastation in North Carolina and parts of Georgia…what is the death toll now? No one is saying…it is much much higher than the FEDS are letting on… People are still coping with no power and the loss of everything they ever owned, their family and pets… Say a prayer for the people of NC and all who are suffering from Helene and Milton and if you can, help. (Cartoon at link) https://x.com/GrrrGraphics/status/1847682450291642671   Adam Schiff’s conflicting ‘principal’ residences in mortgage, election papers raise fraud concerns California congressman’s behavior – filing contradictory statements about his “principal residence” – looks like “serious, documented allegations which carry significant criminal penalties,” ex-FBI supervisor says.  https://justthenews.com/accountability/political-ethics/hkdadam-schiffs-primary-residence-claims-mortgage-election

SWAMP STORIES FOR YOU TONIGHT

GREG HUNTER INTERVIEWING CATHERE FITTS

usawatchdog.com/gold-kamala-trump-control-cash-murder-water-catherine-austin-fitts/

Gold, Kamala, Trump, Control, Cash, Murder & Water – Catherine Austin Fitts

By Greg Hunter On October 19, 2024 In Market Analysis, Political Analysis50 Comments

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

Catherine Austin Fitts (CAF), Publisher of The Solari Report, financial expert and former Assistant Secretary of Housing (Bush 41 Admin.), gives her take on gold, Kamala, Trump, control, cash, murder and water.  On gold’s rocket rise, CAF says, “Gold is very important.  We divide gold into two positions:  Your ‘core’ position and your ‘investment’ position. . . . Right now, gold looks phenomenally attractive as a core position.  It is also attractive as an investment position.”

Why the big move up now?  CAF says, “Part of it is the incredible monetary policies and the monetary inflation coming from the central banks.  The other is too many people are watching government implode in a variety of different ways, and people are saying I want a core position in gold.  We are also seeing the BRICs . . . and seeing states in the US move to put gold and silver in a position to be used as a currency.  So, we are watching people put monetary reserves in gold and monetary liquidity in gold.  That is happening steadily, and more and more people are saying they need a percentage of their assets in gold. . . . We are in a long-term bull market in gold.”

On Kamala Harris, the operative word is “meltdown.”  CAF says, “Kamala is in, what we call in a campaign, a ‘meltdown.’  If you look at the current meltdown, I am baffled because why would somebody with her characteristics be made the nominee?  You are talking about major donors putting major money behind her.  Why would they spend that much money if there were serious holes in her vetting and she is inclined to melt down this way?  It’s kind of baffling.”

On Trump, what is the first thing he should do if re-elected?  CAF says, “He should stop the poisoning of the American people.  This is one of the reasons we did this issue on water.  The American people are being poisoned. . . . I travel a lot by car.  I see deterioration in the air, in the water, in the food–they are being poisoned.  And, of course, the big one is the CV19 vaccines.  Vaccines are poisoning Americans.  There was just a big ruling against putting fluoride poison being added to municipal water supplies.  One of the things you can do is to march down to your city or county and tell them to stop wasting money on putting poison in your water.  If you reverse that, it is one important action you can take.”

The Deep State and central bankers want total control of your money and your life.  Fitts says this is why she started pushing the use of cash instead of digital transactions.  She calls it “Make Cash Great Again.” . . . If we don’t fix the finances from an actuarial standpoint, they are going to continue to delay benefits or lower life expectancy, and that is what they are doing.  They are balancing the books by lowering life expectancy.”

One way to lower life expectancy is to inject people with a so-called vaccine that is really a bioweapon that murders and disables people.  That is exactly what happened with the CV19 vax, and the deaths or murders are still piling up.  CAF says, “You can cut back on the fraudulent rackets, or you can cut back on the people.”  They are cutting back on the people by any measure.

There is much more in the 54-minute interview.

Join Greg Hunter of USAWatchdog.com as he goes One-on-One with the Publisher of The Solari Report, Catherine Austin Fitts, for 10.19.24.

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After the Interview:

There is a lot of free information on Solari.com.

To see three videos of central bankers talking about taking total control with CBDC (Central Bank Digital Currency), click here.

You can get way more cutting-edge analysis from Catherine Austin Fitts and “The Solari Report” by taking advantage of the “special offer” featuring “Water” in the latest issue.  You can click here or call 1-731-764-2515 and talk to a real human.

SEE YOU ON TUESDAY